2 3 4 5 /=6+>/? E-FILED 11/13/2017 11:06 - AM @ 8@ ; Micha John G. el # 10610 7 irnichael @b com akerma ock n . ! " () ) # $ % & Peter G. # ' Fashin g #1 95756 FRESNO 60/412 COUNTY 4 #/0+20 COURT 2 1:A SUPERIOR 2 0: By: 4 Garcia, & % Deputy ? * $< ,<; S. *$ ' + ! %" " ! " pfas ng@b hi akerma ock.co n m # /14/1 BAKER & JENS EN, PC ,-./0 MANO CK 3 ) 1 %$ 6 Floor 6 % -5 5260 Nort h # " Palm A venue, Fourth (8 9 Fresno, California 93704 6% ' 7 % ))( 98 )9 : * ; Telephon e: 559.432.5400 6 ' " ; Facsimi e: l ))( 98 ) 559.43 2.620 5 -12 . 7 % RABOBA 0-,2,-1. 6 Attorn eys for NK, N.A. 1 - -$$ % <' 7 8 BC? 0 + OF 4 #/0+20 :D/ 4:-:/ 26 ->+6201+- 26 THE SUPERIOR COURT STAT E OF CALIFORNIA 9 BE2 1:A 60/412 COUN TY 26 OF FRES NO 10 11 CASE -4/ No. 1 17CECG03829 / & 8I ( RABOBANK , A. , 0-,2,-1. N. 1 - 12 Pl aintiff , # $ 77 13 2 #>-+1: COMPL AINT FOR: 620; V. 5E 14 TRIPL EV a 7 % Cal iforn a i general DAIRY % :0+#>/ ?-+0A , partner ship , EDWARD DAO, 0 JR. , /?F-0? VALA ->-?-2 * %$ %' * TRIPL :0+#>/E V 15 5 < individu ally, ' as a % general * % partner in >21/ 4:-0 DAIRY and dba LONE STAR DAIRY ; ?-+0A; ?-+0A 16 -#0+> APRIL VALADAO indi vidu aly, l as a general % ->-?-2 , 5 < ' DAIRY partner EV >21/ ?-+0A and * %$ % in TRIPL :0+#>/ LONE dba 17 4:-0 STAR DAIRY; DA VID VALADAO, ->-?-2 ?-+0AG ?- +? individu ylal ' as a % general * %$ % partner in TRIPL :0+#>/E V 5 < 18 DAIRY TERRA ->-?-2 VAL ADAO, indi duall vi y as ?-+0AG ; :/00- 5 < ' DAIRY a % genera l patin er in TRIPL EV ; * %$ % :0+#>6 ?-+0AG 19 DIMAS ADAO , indivi dua y ll as a general ' ?+ -4 VAL ->-?-2 " 5 < % partn er in E V DAIRY ; MA RY JANE * %$ % TRIPL -0A -1/ :0+#>/ ?-+0AG 20 ,individu y lla as VALADAO ' a general % partner * % ->-?-2 5 < +E0+#>/ in TRIPL E V DAIRY ; JOSE D. ADAO ->-?-2 ?-+0A; 24/ ? VAL 21 an individu la BC 8 dba TWO 4:-0 STAR DAIRY , 5 ?-+0A MARY J. VALAD A O, an individu a l dba -0A ->-?-2 5 22 TWO 4:-0 STAR DAIRY ; EDUA RDO ?-+0A; /? -0?2 VALAD AO, an i n dividua l ; AND -50, ?2/4 1 H4+> ->-?-2 5 ; -1? DOES 23 INC LUS IVE, +1 > 4+ / (1) 26 CONTRACT; ,0/- D OF 21:0- :G B+ BREACH (2) BREACH OF WRITTEN GUARANTY; ,0/- D 26 F0+::/1 & -0-1:AG B (3) FORECLOSURE ON PERSONAL 620/ >24 0/ 21 #/0421-> B8 PROPERTY #02#/0:A COLLATERAL 2>>-:/0-> ;G (4) SPECIFIC PERFORMANCE 4#/ +6+ #/0620 -1 / -H B9 APPOINTMENT ; and -##2+1: /1: OF 26 RECEIVER 0/ /+ /0G (5) INJUNCTIVE RELIEF 0/>+/6 +1 1 :+ / B4 :F2 :F2 24 Defenda nts . ? 7 $' 25 26 "Plai BC, !C or C# $ 77C Pl ainti ff RABOB ANK , N.A. nti ff') , alleges ows: # $ 77 1 @J ("Bank" 0-,2,-1. ' as 7 '; ' foll PARTIES #- 0:K /4 27 28 l. Raboba nk , N. A. is, all $ " ' times mention ed was, l bankin g 0 " " !E 1 @J at $ ' a nationa ' and " $ ! 4LE + + 2058 970vl / 8 17373.0 28 1 I E B 1:0- :G F0+:+E>1 COMPL Al NT FOR( ) ! + BREACH CONTRACT; (2) BREA CH 26 OF WRI TT EN GUARANT Y; B8 (3) 620 ,0/- D OF 2 #>-+1: & -0-1:A; B8 ,0/- D +M0B LE/0:A FORECL OSU RE ON PERS ONAL PROP ERTY COLLA TERAL ; 6206 >24 0/ 1 #/0421-> /: 2>>@J:/0-> ETC. 1 1 2 =EN $ condu $ all ' '' in $ ' $ Stat 4$ $ Q R 7 % '' $ assocatiion, qualifi ed and $ % authori ze d to ct business counti es 7 of the e 7 of Cali forni a. 2. , ! ' thereon :0+#>/ Bank is infor m edand 5 ' believes and alleges that nd ant TRIPL E $ % ' ? 7 $ 7 %" $ $ Defe 3 C is ' a % DAIR ?-+0A % N '$ $ laws % the 7$ * %' * ' of V Y BC:% * ("Tripl e V") genera l partn er hip s organize d and exi stin g under the State 4$ $ 4 E $<" $' principal ' '' in : % 7 " *% * * of California with place 7 of business Tul ar e $< Coun ty, Cali forni a. its O 5 8 3. ' that $ $ Defe 5 ' $ % alleges Bank is 7 %" inform ed and believes and thereon nd ant , ! ' ? 7 $ 6 ' an 5 % ' the $ $< . ' EDW ARD VALA DA O, 0 JR . BC/ % C ("Edwa rd") is indi vidu al residin g in City 7 of Hanfor gs D 7 % d, Kin /?F-0? ->-?-2 7 / % believes 5 ' that $ $ Edwar County , E % California. Bank er 7 %" info rm ed and d is ' a genera l partn er 7 of % 6 %$ % , ! is ' furth * %$ % $< 8 ' '' " Tr iple V and ' also ' does business er $ R $ $ ' the fictitiou sbusiness name 7 of Lone > Star 4$ % Dairy. % :% * ' '' und ? %< P 9 9 4. Bank m ed and 5 ' believes and $ % thereon alleges dant APRI L -#0+> $ $ Defen 7 ' that ? 7 $ , ! is ' infor 1O VALA DAO BC-*% C (''Apr il") ' is an al residin g in City of Hanford, Kings y, Ca liforni a. ->-?-2 $ $< 7 % individu 5 % ' the 7D 7 % . ' Count $< 11 : * ' a and Bank is fur t her 7 %" inf orm ed and believes l partn er 7 of Tr pl ei V so ' does $ $ April -*% is * %$ % % 5 ' that genera al ' 7 % , ! +4 12 business und er the titious ' '' business nam e 7 of Lone Star Dairy. > 4$ % ? %< % " R $ ' ' '' $ fic 13 5.) Bank ed and believes and thereon alleges that ndant DA VID $ % ' 7 %" 5 ' $ $ Defe ?- +? ? 7 $ , ! is ' inform 14 VALA DAO BC? 5 C ("David" ) ' is an 5 indi vidu al residin g in City 7D 7 % of Hanford , Kings Californi a. % ' the $ $< . ' Count ->@J?-2 $-?-2 BC: %% C 18 %% Bank s f7 %$ % urt her 7 %" inform ed and believes that Te rar ' is a genera l partn er 7 of Triple % * %$ % :% * V. 5 ' $ $ , ! i ' 19 7. Bank m ed and eges $ $ that Defe ndan t DIMAS 5 ' and $ % all believes thereon ' ? 7 $ 7 %" ?+ -4 , ! is ' infor 20 DAO BC? " 'C ("Dim )as " is ' an 5 indi vidu al residin g in y, Cali fornia. Bank er Tulare % ' : % Count 7 % , ! is ' furth 7 %$ % ->-?-2 VALA $< 21 22 informed and believes that Dim as is a genera l partn er 7 of Tripl e V. % * %$ % 7 5 ' $ $ ? "' ' :% * 8.I Bank informed and and $ % thereon ' allege s that RY $ $ Defendant 5 ' believes ? 7 $ MA -0A , ! is ' 7 %" 23 % County C JANE VALA DAO BC %< ("Mary Jane" ) is al % ' residin g in Tulare , Cali fornia . Bank 5 individu 7 % ->@J?-2 ' an , ! is ' -1/ $< 24 furt her infor med and beli eves that Jane is ' a genera l partne r 7 of Tr pl ei V. 5 ' % :% * * %$ % 7 %" $ $ Mary 7 %$ % %< "; 25 9. ( Bank med and believes and thereon alleges that dant JOSE ? 7 $ % ' 7 %" , ! is ' infor 5 ' $ $ Defen 24/ D. ? 26 J+ - -?-2 VALA DAO BC ' C ("Jose) " is ' an al residin g in of Ha nford, Kings y, E Californi a. " the $ City . ' Count 5 % ' D % individu $< 7 $< 27 Ban k ' is furt her 7 %" infor me d and beli eves $ $ that Jose also does business under the ficti ous ti business ' ' ' '' R $ $ ' 5 ' ' ' '' % $ 7 % % , ! 28 nam e E: of Two 4 C Star Da ry. i " ? %< 2 D41E+ +D 2058 970vl / 1+ D +D++/4 728 373 01 . COMPL NTAI FOR ; F 1: 620 (1) " & - 1M+ MG ,0 ;@+ 6 SF T E+> U BREA CH ;8 OF 21:0- :G CONTRA CT; (2) H OF WRI TTEN GUARANTY ; (3) ,0/- D P V B BREAC B E2>>- FORECLOSUR E ON AL PROPERTY COLLATERAL ; ETC. #02#/0:A # 0421-> 620+M >24 0/ )" 1 PERSON B + " "G 2 5 ' , ! is ' 7 %" Bank inf orm ed and believes and $ % thereon ' alleges " $ that Defenda nt MARY J. ? 7 $ -0A 1 O. + 2 ->-?-2 5 $ . ' $< VALA DAO BC %-?-2 /? -0?2 D $ % 7 1• $M"M Count y, Cali forni a "< 12. 8 Bank r e 7$ of the $% true " ' names and * $ ' capacities, $ % whether %* % $ corporate, % , ! is ' unawa =) ( % $ 7 $' % ' ?2/4 1-50 9 5 individua , l associ ate, or $ % ' otherwi se, 7 of the defendants ' sued herein as DOES and $ % 7 % therefor e ' ' sues '' $ , ! 1 O $ ' those 7 $' defenda nts by such fictitio us names. will ' ! seek 5 leave 7$ ' of this %$ Comi $ to " amend $ ' this R $ $ ' " ' Bank < ' "* $ ' , ! ' 11 Compl aint to insert $ the $% true " ' names 7 of $ ' those 7 $' defe ndants when $ the ' " same % ' %$ are ascer ta ine d. Bank is 12 =) have 5 inf orm ed and 5 ' believes , and $ % thereon ' alleges, $ $ that %$ certa in 7?2/4 of DOES 1-50 or may claim $ to have 7 5 % " < " % 7 % ' in , ! ' $ % '$ $ ' 1 8 3 an interes t in $ the real and * %' personal *% * % < property $ to be foreclosed this ' case. Bank is 7 %" inform ed and =42 were % $' 14 believes , and thereon alleges , $ $ that %$ certain 7 of DOES agents % or "* < ' employees 7 of " the $ % other ?2/4 1-50 $ % ' +9 5 ' 15 * %* ' defendants and 7 of one $ % another , and % were $ at all $ " ' times $ actin g $ within $ the purpose and ' * scope 7 of ' such 7 $' 1 6 agency or "* <" $ empl oyme nt. < % 17 138 . 7 % $ Venue is ' *% * % proper in $ the 4 * % % Superior %$ Cour t for the $< County 7 of Fresno 6% ' because ' 18 Plaintiff is ' $ locate d in said $< coun ty, $ the $% $' contracts in '' issue % were $ % entered into said $< count y and $ the $ in ' # $ 77 ' 19 $ W % ' contracts in issue provi de that parties % agree + to ' " $ submit to juri sdiction and 5 venue in the Super ori *% 5 B+ ; * ' $ $ the $% $' $ 4 * % % '' 20 %$ 6% ' 7 % $ Cour t for the $< Count y 7 of Fres no. 21 GENERAL ->>/&-:+214 ALLEGA TI ONS &/1/0-> 22 (The :% * Triple V > ' Loans) B: 23 149 . There % are two loans $ at '' issue $ with % '* $ respec t $ to :% * Tri epl V, these % are a Her d/Feed D % @6 ' : % $ ' 24 D $E % 1 5 " % Loan and a Hei fer Loan. On % or about Nove mber ( 19, 2012 , Bank, on $ the one hand, " and :% * Tripl e V > 2 > , ! 25 $ % its partners on the other hand, ente red $ into a % $ Credit - % ""$ Agree metn BCD % @6 ("Herd/Feed % $ Credit and E' $ $ % * % %' , B" 26 Agreement ) " whereby the Bank extended a line 7 of % $ credi t $ to :% * Tripl e V in an % original princi pal - % " % C , ! N$ *% * % < $ X 27 28 X + + 5 ? E "' The individual Val adao Defendant s % are % $ %% ref erred $ to < by % their first names to ; avoid > "7 ' confusion. No '% '* $ disrespect 1 %' " ' 1 ' $ is intended. B++:1 T 4 F2 + 2058970v I / 1 YSK 73 73 .O 128 E 3 N ,0/- D B C ,0/- D COMPL NTE- 1: AI FOR( ) B+ ! BREACH OF >7B 1Z +P-B:S CONTRA CT; (2) BRE ACH 26 OF F0+::/1 WRITT EN & -0-1:AG GUARANTY ; $8 (3) 620 #+ #02#+=0:A #/0421-> FORECLOSURE ON PERS ONAL PROP ERTY BE >+E-:/0->> COLLAT ERAL ; ETC. /: 620/ >24 0/ 21 38 1 , ' C B ' the $ R in % 75% amount not to exceed r 7[ )B of $2,500, 000 or )\ 7$ of the C, %% "Bor rowing Base" (as defined '' % " $ $ $ N the $ lesse 2 $ Her - % " $ D % @6 7 the % $ Agreeme Herd/ Fee d % $ Credit Agree ment). - A $% true and " $ K correct copy d/Fee d Credit nt is ' D % @6 - % " *< of 3 -' set %* % $ % by % 7 % As ' $ forth 7 bel $ loan /N C-C attached hereto "A" and incorporat ed herein ow, the % " as $ ' Exhibit < reference. 4 > C CD % @6 describ ed in ment ' is referre d to the "Herd/Fee d Loan " . The % 7 %% : - % " $ $ as ' $ ' % the $ Herd D % Feed 6 Credit % $ Agree 5 > $ E% $ 1 $ D % @6 5 by $ $ ? %< Herd/Fee d Loan is furthe r evidenced certain Dair y Herd/ Fee d Line of Credit Not e $ dated > ' D % @6 7 %$ % < that 6 C,C and A - $% %% $ *< 7$ $ $$ % $ Novemb er 19, true and copy of that 1 $ Note is ' attache d hereto as Exhibit "B" s correct i+' ' /N $ 1 5 " % ( 2012. 7 $ ' % 7 % incorpora etd % herein by reference. %* % $ < this 8 9 15.+4E Four ents to d Credit nt were ed by $ Herd/Fee D % @6 % $ Agreeme % execut N $ " " $' - % " $ $ 6 % amendm $ the < the 4 *$ " % )E ? " % part esi thereto or $ about Decemb er 1 E O, 2013; er 17, 2014, 4 *$ " % Septemb er 2, , and 2015 8G Septemb 9 $ % $ on % * %$ ' 1O -" " $'C 6 Loan + additio 7 % ext N$ ' > Amendm February O, Z 2017 B $ 5 < ( collect vel yi the "Herd Feed en") . ts In n, four on ensi $ $ CD % 6 % %< 1DY 11 with $ Herd/Fee % '* $ $ D % @6 letters d to Triple V to the d % $ Credit Agree ment, as d, respect ' amende " *% 5 $ :% * % provide - % " $ $$ %' were 12 dated 26, 201 5, August 26, 6, October 2016, and mb er 25, ectivye l 2 $ % 11,> Nove 1 5 " % (coll - '$ ) 2016 B $ 5 < $ August - '$ ) E 201 13 C > $$ %'C the d Loan ens oin Letters ". ) (The Herd/ Fee d Credit reement , the D % @6 D % Feed 6 % $ Ag D % @6 > Ext $ four 7 % Herd /N$ ' Y - % " $ $ "Herd/Fee B: 14 /N$ ' E Loan ents theret o, the d Extens oni Letters, atedi loan documents % are D % @6 assoc " ' '' $ $ Herd/Fee > $$ %' and -" " $' > Amendm $ % $ 15 > C collectivyel referre d to as $ the CD % @6 "Herd/Fee d Loan". ) True and $ correct copies the four ents % 7 $ ' * ' of 7 $ P % amendm " " $' :% $ 5 < 16 to the Herd/Feed d hereto vye l as "C" and % $ collecti D % @6 Credit % $ Agreement - % " $ are % attache ' Exhibit /N $ ] C $ $ $ 5 < 17 incorporate d by refere nce. :% True and %% $ correct * ' copi es of d Loan onis Let ters D % @6 > $ %' 7 the $ four 7 % Herd/Fee > Exten /N$ ' %* % $ < % 7 % 18 are attache d heret o $ 5 < collectivyel as Exhibit "D" and incor porated by nce. % 7 % %* % $ ' /N $ C?C % $ $$ % < refere 19 16. On or about 4 *$ " % September I8, Z 201 7, E Triple d by 2 was ' informe $ $ the $ $$ % that 7 " :% * V % $ < letter 20 Bank would $ % $ not grant any extens ons i of the maturit y date /Fee d Loan. $ Herd 7$ > This for : ' D % @6 7 %$ % N$ ' ' 7 % the " "% < , ! < further 21 l+ $ % etter ' was a R"" confirmation of previ ous conversa tions that d Tripl eV *% 5" ' :% * " %' ' 7 %$ % 7 $ $ informe $ $ no further 7 %" that 22 M ' exteons nsi would granted. A and %% $ correct copy this letter d hereto as $$ % $ /N $ $ % is N$ ' ' be % $ - true $% ' attache ' Exhibit *< of 23 C/C "E" and %* % $ incorporated herein this refere nce. Purs uant to Amendment to $ the $ the $ Fourth % 7 % # %' $ 6 %$ -" " $ $ % by < $ ' 24 BE% $ Herd / Feed Credi t Agreement , the d Loan d on Sept ember 8 30, 201 7 and D % @6 > mature 4 *$ " % ' all " $ % - % " $ $ Herd/Fee was D % @6 25 due and * < payab e l $ at $ $ that $ " time. 26 27 28 1 7. Tri ple V and default ed under d Loan ng $' partners $ Herd/Fee * %$ %' 7 $ > by, " D % @6 % the :% * its < amo other things , failing to pay ance 7$ of the Herd/Feed on September 30 201 7 X % Loan > when due 4 *$ " % 8 $ bal $ % $ $ $ ' * < the E base and < by permi tting the to become ation + to $ the borrowing 5 % advanced " over 5 in rel > $ % $ D % @6 Loan ' $ Herd/Feed * %" $$ 4 D0KE - COMPLAINT FOR ) BREAC OF B21 0@. CONTRACT;: (2) H D OF TTEN$ 1 GUARANTY; B WRI F0+:Y B; ->0-1+A (3) 2 #>-+1: 620 (IB+ ,0+ -B HD 2+ B BREAC D >24 0+ FOREC LOSUR E ON PERSONAL PROPERTY COLLAT ERAL; . 21 # 04 1-+ #02#/0+A B 2+ + - +20/ 0-Y ETC 9 4 205897 0lv I D0D +TL 1728 373.01 4L 12N - + 1 " $' * %" $$ permitt ed by the loan docum ent .s < $ 2 I 18. = $ ? " % 8 Bank, , !E on 2 2013 hand Triple and On % or $ about Dece mb er 10, the one , and :% * V > 3 - % " $C $ % $ - % " $ % $ Ag $' partn its er s, on the other hand ed into a % $ Credit Ag r ee ment BCD 7 % ("Hei fer Credit r eement") $ $ % * %$ %' , enter 4 :% * whereby the Bank extended a line of % $ credit to eV an % *% * original prinpal ci amount not to , ! N$ $ Tripl in 7 " $ " $ % < $ M + 5 , ' C $ % $ C, %% $ Hei % $ N excee d the lesse r 7[) of $500, 000 or the "Borro wing Base " B ' (as R defined in fer Credit $ '' % % the B 6 D 7 % % $ - % " $ Agree ment) . A and %% $ corr ec t copy of the Hei fer Credit Ag ree ment is ' % $ attac hed hereto as - true $% ' Exhibit /N $ - % " $ *< 7$ 7 C6C "F" and incor pora ted herein by reference . As set forth ow, the ibed in fer -' ' $ 7 %$ bel $ loan % 7 % % < "" descr ' % $ Hei %* % $ the D 7 % 8 C = 7 % > C The : Hei D 7 % > was Credit Ag r eement is ' referr ed to as the fer Loan." fer Loan er 5 evidenced by $ "Hei 7 %$ % % ' furth % 7 %% - % " $ $ ' < 9 $ $ that in Hei fer s Line of % $ Credit Note dated Dece mb er 1 O, 2013. correc t *< copy of that 8 A > 7 D 7 %' ? " % $ N certa $ and 1 $ $ %$ - true 1O No te is+4 $$ attached % $ hereto ' as Exhibit "G" and po raedt herein ce. /N $ C&C %* % $ % by $ ' referen % 7 % 1 $ is ' incor < this (E 19. 11 % $ Ag Three amendm ent s to fer Credit reement wer e N $ exec uted by $ Hei - % " $ $ the % D 7 % : % " " $' $ < the 12 parties thereto on % or about Sept emb er 17, 2014; 4 *$ " % Septemb er 2, 201 5, and Februa ry 1D 0, 201 7 * ' $ % $ $ 4 *$ " % 9; 6 % "< E )E 13 - " $'C ( collectivye l the CD 7 % "Heife r Loan ent").s In addition , four exteon nsi l $$ %' etters were + $ 7 % N$ ' > Amendm % provided *% 5 to $ B $ 5 < $ 14 with Tripl eV respec t $ to the d % $ Credit Agree ment , as , dat ed Augus t 26, , D % @6 :% * $ % '* $ $ Herd/Fee ' amended $ - 'K - % " $ " ) 2015 15 CD 7 % Augus t E 26, 2016, October er ) 25, 2016 (collec tive y l $ the "Hei fer Loan 1 5 " % B $ 5 < Novemb 2 $ % 11, - '$ + + 2016, > and 16 > $$ %'^ Extens ion Letters ".) (The fer % $ Credit Agree ment, the fer Loan ents $ % $ thereto, /N$ ' D 7 % $ three $ % Hei D 7 % > Amendm -" " $' - % " $ B: Hei 17 the Heifer nsion Letters, and assoc aetdi loan docum ents % are $ 5 < collevel ycti referre d to '' $ $ " $' /N$ ' D 7 % Loan > $$ %' > Exte $ as % 7 %% ' 18 > C :% D % @6 the CD 7 % "Hei fer Loan".) True and corr ect * ' copies 7$ of the three amendm ents to the Herd/Fee d BE% $ Credit $ %% $ $ % " " $' $ $ 19 CDC and Ag ree ment % are $$ attached hereto collec tivye l ' as Exhibit incorporaedt by nce. True % " $ 5 < /N $ "H" %* % " - % " $ % 7 % :% < refere 20 and cor rect copies of the four fer Loan ension Letters hereto coll ective y l as > Ext % attached 7 % Hei D 7 % /N$ ' > $$ %' are $ % %% $ 5 < ' 2#+/4 7 21 Exhibit "I" and incorpora ted by enc e. %* % $ % 7 % /N $ C+C < refer 20. 22 $ On or about 4 *$ " % Septe mb er I 8, 201 7, Tri pl e V was 7 %" informed by etter that ' 2 :% * $ $ the $ < l $$ % 23 Bank not % " grant any ens ons i of the maturit y $ date for fer Loan. ter $ 7 %$ % ext N$ ' ' 7$ 7 % the $ Hei D 7 ; '$ > This : ' let , ! would " $ % $< < further 24 was a R%" $ confir matnoi of previ ous conve rsa tions $ $ that inform ed Tripl e V onsi *% 5 ' ' 7 5 %' $ ' : * 7 %" $ $ no 7 %$ % extens N$ ' ' further that 25 C C and would granted. A correct *< copy 7$ ' of this l $$ % etter i ' s attac hed hereto % $ - true %% $ ' Exhibit % as $ be D $ and /N $ "J" 26 incor poraedt herein rence . Pur suant to ent to fer BE% $ Credit $ the # %' $ % 7 % ' refe % by $ Third : % Amendm %* % D 7 % -" " $ $ the $ Hei < this 27 Agreeme , t n the fer Loan matured on Septe mber 30, 201 7 and paya ble at 4 *$ " % ' all $ Hei D 7 % was due 5 and * < $ that > " $ % - % " $ 8 E K $ $ 28 ti " me . +M L F 5+ 2058970v l / Z 8 8 ) 17373.01 28 M X 5) " ; 21:0- : COMPLAINT FOR B+: /N D (I) BREACH OF CONTRAC T; (2) BREACH OF WRI TTE N GUARA NTY ; (3) ,0/- :04+; #>-+1F %" &+1-S ; 8 2>>- + /0->G ;ETC. FORECLOSURE ON PERSONAL PROPERTY COLLATERAL #/0421-> #02#/0:A 5" ' N 1 + G G 5) Y 21. :% * % $ D 7 % Tripl e V and $' its * %$ %' partners 7 $ defaulted under the Hei fer Loan amon g $ % other > by, < " 2 $ bal D > $ pay * $ things , 7 failing to ance E$ of the Hei fer7 % Loan when due and < by permitting the Heifer $ ' D 7 % Loan > " * < the 3 " 5 % %% ' * %" $$ $ to become over 5 advanced in % $ relatio n $ to $ the borrowin g base permi tted by loan " $' document s. $ < the +E 22. 4 ' ' D % @6 :% * V's % $ Triple oblig ation s under the Herd/F eed Loan are ' % secured by that certain > % < $ $ 5 +E 8 - % " $C Security - % " $ Agre ement $ dated 1 5 " % November 19, 2012 B$ (the CD % @6 "Herd/Feed 4 % $< Securit y Agre ement") , which 4 % $< 6 D % @6 > provide s $ $ that $ the Herd/Feed Loan ' is ' % secur ed < by, " among $ % other $ ' things, all $' accounts, 5 $ %< inventor y, farm *% 5 ' 7 %" 7 5 '$ ! born % % % products , includin g livestock or unborn , ' ** ' supplies and % *' crops. - A $% true and ""K correct *< copy 7$ of the *% $' 8 D % @6 4 % $< /N $ C.C Herd/Feed Security - % " $ Agreement is ' $ attached % $ hereto ' as Exhibit "K" and incorporated herein by this %* % $ % < $ ' 9 , ! ' H $ % '$ ' % 7 % R 7$ $ reference. Bank s ' ' % $< security interest was * %7 $ perfected by $ the filing of that %$ certain UCC1 on Novembe r 1 5 " % < 10 88( ((^ 6 1 12733 - true $% 26, 2012 ' as Fil e No. 9179911. A and %% $ correct *< copy 7 ' of this =+ UCC-1 ' is $$ attached % $ hereto ' as 11 Exhibit "L" and is ' incorporated herein < by $ ' this % 7 % reference. /N $ C>C %* % $ % 8 23. 12 E' $ ' % D 7 % :% * Tripl e V's obligations under $ the Hei fer Loan "" % are ' % secured < by $ $ that %$ certain 13 8 ? " % - % " $C Security Agre ement $ dated Decemb er 1+ O, 201 3 B$ (the CD %E % "Hei fer Securit y Agr eement"), which prov des i - % $ 4 % $< *% 5 ' 4 % $< 14 $ $ the D 7 % Loan + 4E > ' $ Heifer that is ' % secured by, amon g $ % other thi ngs, all $' account ,s 5 $ %< inventor y, farm s, 7 %" product *% $' < " 15 5 '$ ! including livestock born or unborn supplies and % *' crops. A true and %% $ correct *< copy 7 of $ the Heifer % % " , ' ** ' - $% D 7 % 16 Securit y - % " $ Agree ment ' is $$ attached heret o ' as /N $ Exhibit C C "M" and incorporate d herein by this referenc e. + %* % $ % $ % < 4 % $< $ ' % 7 % 17 , ! ' H Bank' s securit y interest d < by the filing $ of that certain UCC -1 on Novembe r 26, 2012 $ % '$ was $ R * %7 $ ' perfecte 1 5 " % ' % $< 18 as Fil e No. 39179911 , describ de 5 above. ' 1 1273 88( ((K 6 + ' % (The > Lone 4$ % Star > " Loan) B: 19 9 24. 20 On % or $ about May 16, 8E 2013, the , ! Bank, on $ the one hand, and Edward $ 2 / % and < 21 -* > - % " $ April dba Lon e 4$ % Star Dairy, on $ the $ % other hand, $ % entered $ into a % $ Credit Agreeme nt BC$ ("the Lone Star ? %< > 4$ % 22 - % " $C Credit Agreeme nt"), whe reby $ the Bank extended a line % of credit to and -*% April in an % $ , ! N$ + Edward / % % < 23 % *% * " $ $ $ origina l principal amount not to N excee d $ the '' % lesser 7 of [ $3,500, 000 or 75% of the Li ne $ % $ of Credit ) % > )\ 7$ 24 , %% Borrowin g Base (as R defined in the Star B % Credit - % " Agreement) and a $ %" term loan in the original $ Lone > 4$ % , ' B ' $ % 25 prin cipal " $ amount E49 of $422, 000. A true and %% $ correct *< copy $ $ of the Lone Star % $ Credit - % " $ Agr eement ' is *% * $% > "; 4$ % - 26 % $ % attached heret o ' as Exhibit "N" and %* % $ incorporat ed herein by reference. The Loan Star loans are $$ /N $ C1C : > 4$ % ' % < % 7 $ 27 further evidenced by that %$ certain Lone Star ? %< Dai ry Not e and $ $ that %$ certain Term both $ " dated > 4$ % 7 %$ % 5 1 $ : " Note, 1 $ $ < D $ Y 28 4DE1 + 205897 0v I I + +TL 173 73 .O 128 E COMPLA NT I 6 B FOR (I) BREAC H OF CONT RACT; (2) BREACH OF WRITTEN GUARANTY ; +M>0421-> 620/ >24 0> #02#/0 FORECLOSU RE 1 ON PERS ONAL PROP ERTY A 2>+- +E60->; COLLATERAL ; ETC. /: (3) 6 1 " $' * %" $$ permitt ed by the loan docum ent .s < $ 2 I 18. = $ ? " % 8 Bank, , !E on 2 2013 hand Triple and On % or $ about Dece mb er 10, the one , and :% * V > 3 - % " $C $ % $ - % " $ % $ Ag $' partn its er s, on the other hand ed into a % $ Credit Ag r ee ment BCD 7 % ("Hei fer Credit r eement") $ $ % * %$ %' , enter 4 :% * whereby the Bank extended a line of % $ credit to eV an % *% * original prinpal ci amount not to , ! N$ $ Tripl in 7 " $ " $ % < $ M + 5 , ' C $ % $ C, %% $ Hei % $ N excee d the lesse r 7[) of $500, 000 or the "Borro wing Base " B ' (as R defined in fer Credit $ '' % % the B 6 D 7 % % $ - % " $ Agree ment) . A and %% $ corr ec t copy of the Hei fer Credit Ag ree ment is ' % $ attac hed hereto as - true $% ' Exhibit /N $ - % " $ *< 7$ 7 C6C "F" and incor pora ted herein by reference . As set forth ow, the ibed in fer -' ' $ 7 %$ bel $ loan % 7 % % < "" descr ' % $ Hei %* % $ the D 7 % 8 C = 7 % > C The : Hei D 7 % > was Credit Ag r eement is ' referr ed to as the fer Loan." fer Loan er 5 evidenced by $ "Hei 7 %$ % % ' furth % 7 %% - % " $ $ ' < 9 $ $ that in Hei fer s Line of % $ Credit Note dated Dece mb er 1 O, 2013. correc t *< copy of that 8 A > 7 D 7 %' ? " % $ N certa $ and 1 $ $ %$ - true 1O No te is+4 $$ attached % $ hereto ' as Exhibit "G" and po raedt herein ce. /N $ C&C %* % $ % by $ ' referen % 7 % 1 $ is ' incor < this (E 19. 11 % $ Ag Three amendm ent s to fer Credit reement wer e N $ exec uted by $ Hei - % " $ $ the % D 7 % : % " " $' $ < the 12 parties thereto on % or about Sept emb er 17, 2014; 4 *$ " % Septemb er 2, 201 5, and Februa ry 1D 0, 201 7 * ' $ % $ $ 4 *$ " % 9; 6 % "< E )E 13 - " $'C ( collectivye l the CD 7 % "Heife r Loan ent").s In addition , four exteon nsi l $$ %' etters were + $ 7 % N$ ' > Amendm % provided *% 5 to $ B $ 5 < $ 14 with Tripl eV respec t $ to the d % $ Credit Agree ment , as , dat ed Augus t 26, , D % @6 :% * $ % '* $ $ Herd/Fee ' amended $ - 'K - % " $ " ) 2015 15 CD 7 % Augus t E 26, 2016, October er ) 25, 2016 (collec tive y l $ the "Hei fer Loan 1 5 " % B $ 5 < Novemb 2 $ % 11, - '$ + + 2016, > and 16 > $$ %'^ Extens ion Letters ".) (The fer % $ Credit Agree ment, the fer Loan ents $ % $ thereto, /N$ ' D 7 % $ three $ % Hei D 7 % > Amendm -" " $' - % " $ B: Hei 17 the Heifer nsion Letters, and assoc aetdi loan docum ents % are $ 5 < collevel ycti referre d to '' $ $ " $' /N$ ' D 7 % Loan > $$ %' > Exte $ as % 7 %% ' 18 > C :% D % @6 the CD 7 % "Hei fer Loan".) True and corr ect * ' copies 7$ of the three amendm ents to the Herd/Fee d BE% $ Credit $ %% $ $ % " " $' $ $ 19 CDC and Ag ree ment % are $$ attached hereto collec tivye l ' as Exhibit incorporaedt by nce. True % " $ 5 < /N $ "H" %* % " - % " $ % 7 % :% < refere 20 and cor rect copies of the four fer Loan ension Letters hereto coll ective y l as > Ext % attached 7 % Hei D 7 % /N$ ' > $$ %' are $ % %% $ 5 < ' 2#+/4 7 21 Exhibit "I" and incorpora ted by enc e. %* % $ % 7 % /N $ C+C < refer 20. 22 $ On or about 4 *$ " % Septe mb er I 8, 201 7, Tri pl e V was 7 %" informed by etter that ' 2 :% * $ $ the $ < l $$ % 23 Bank not % " grant any ens ons i of the maturit y $ date for fer Loan. ter $ 7 %$ % ext N$ ' ' 7$ 7 % the $ Hei D 7 ; '$ > This : ' let , ! would " $ % $< < further 24 was a R%" $ confir matnoi of previ ous conve rsa tions $ $ that inform ed Tripl e V onsi *% 5 ' ' 7 5 %' $ ' : * 7 %" $ $ no 7 %$ % extens N$ ' ' further that 25 C C and would granted. A correct *< copy 7$ ' of this l $$ % etter i ' s attac hed hereto % $ - true %% $ ' Exhibit % as $ be D $ and /N $ "J" 26 incor poraedt herein rence . Pur suant to ent to fer BE% $ Credit $ the # %' $ % 7 % ' refe % by $ Third : % Amendm %* % D 7 % -" " $ $ the $ Hei < this 27 Agreeme , t n the fer Loan matured on Septe mber 30, 201 7 and paya ble at 4 *$ " % ' all $ Hei D 7 % was due 5 and * < $ that > " $ % - % " $ 8 E K $ $ 28 ti " me . +M L F 5+ 2058970v l / Z 8 8 ) 17373.01 28 M X 5) " ; 21:0- : COMPLAINT FOR B+: /N D (I) BREACH OF CONTRAC T; (2) BREACH OF WRI TTE N GUARA NTY ; (3) ,0/- :04+; #>-+1F %" &+1-S ; 8 2>>- + /0->G ;ETC. FORECLOSURE ON PERSONAL PROPERTY COLLATERAL #/0421-> #02#/0:A 5" ' N 1 + G G 5) Y 21. :% * % $ D 7 % Tripl e V and $' its * %$ %' partners 7 $ defaulted under the Hei fer Loan amon g $ % other > by, < " 2 $ bal D > $ pay * $ things , 7 failing to ance E$ of the Hei fer7 % Loan when due and < by permitting the Heifer $ ' D 7 % Loan > " * < the 3 " 5 % %% ' * %" $$ $ to become over 5 advanced in % $ relatio n $ to $ the borrowin g base permi tted by loan " $' document s. $ < the +E 22. 4 ' ' D % @6 :% * V's % $ Triple oblig ation s under the Herd/F eed Loan are ' % secured by that certain > % < $ $ 5 +E 8 - % " $C Security - % " $ Agre ement $ dated 1 5 " % November 19, 2012 B$ (the CD % @6 "Herd/Feed 4 % $< Securit y Agre ement") , which 4 % $< 6 D % @6 > provide s $ $ that $ the Herd/Feed Loan ' is ' % secur ed < by, " among $ % other $ ' things, all $' accounts, 5 $ %< inventor y, farm *% 5 ' 7 %" 7 5 '$ ! born % % % products , includin g livestock or unborn , ' ** ' supplies and % *' crops. - A $% true and ""K correct *< copy 7$ of the *% $' 8 D % @6 4 % $< /N $ C.C Herd/Feed Security - % " $ Agreement is ' $ attached % $ hereto ' as Exhibit "K" and incorporated herein by this %* % $ % < $ ' 9 , ! ' H $ % '$ ' % 7 % R 7$ $ reference. Bank s ' ' % $< security interest was * %7 $ perfected by $ the filing of that %$ certain UCC1 on Novembe r 1 5 " % < 10 88( ((^ 6 1 12733 - true $% 26, 2012 ' as Fil e No. 9179911. A and %% $ correct *< copy 7 ' of this =+ UCC-1 ' is $$ attached % $ hereto ' as 11 Exhibit "L" and is ' incorporated herein < by $ ' this % 7 % reference. /N $ C>C %* % $ % 8 23. 12 E' $ ' % D 7 % :% * Tripl e V's obligations under $ the Hei fer Loan "" % are ' % secured < by $ $ that %$ certain 13 8 ? " % - % " $C Security Agre ement $ dated Decemb er 1+ O, 201 3 B$ (the CD %E % "Hei fer Securit y Agr eement"), which prov des i - % $ 4 % $< *% 5 ' 4 % $< 14 $ $ the D 7 % Loan + 4E > ' $ Heifer that is ' % secured by, amon g $ % other thi ngs, all $' account ,s 5 $ %< inventor y, farm s, 7 %" product *% $' < " 15 5 '$ ! including livestock born or unborn supplies and % *' crops. A true and %% $ correct *< copy 7 of $ the Heifer % % " , ' ** ' - $% D 7 % 16 Securit y - % " $ Agree ment ' is $$ attached heret o ' as /N $ Exhibit C C "M" and incorporate d herein by this referenc e. + %* % $ % $ % < 4 % $< $ ' % 7 % 17 , ! ' H Bank' s securit y interest d < by the filing $ of that certain UCC -1 on Novembe r 26, 2012 $ % '$ was $ R * %7 $ ' perfecte 1 5 " % ' % $< 18 as Fil e No. 39179911 , describ de 5 above. ' 1 1273 88( ((K 6 + ' % (The > Lone 4$ % Star > " Loan) B: 19 9 24. 20 On % or $ about May 16, 8E 2013, the , ! Bank, on $ the one hand, and Edward $ 2 / % and < 21 -* > - % " $ April dba Lon e 4$ % Star Dairy, on $ the $ % other hand, $ % entered $ into a % $ Credit Agreeme nt BC$ ("the Lone Star ? %< > 4$ % 22 - % " $C Credit Agreeme nt"), whe reby $ the Bank extended a line % of credit to and -*% April in an % $ , ! N$ + Edward / % % < 23 % *% * " $ $ $ origina l principal amount not to N excee d $ the '' % lesser 7 of [ $3,500, 000 or 75% of the Li ne $ % $ of Credit ) % > )\ 7$ 24 , %% Borrowin g Base (as R defined in the Star B % Credit - % " Agreement) and a $ %" term loan in the original $ Lone > 4$ % , ' B ' $ % 25 prin cipal " $ amount E49 of $422, 000. A true and %% $ correct *< copy $ $ of the Lone Star % $ Credit - % " $ Agr eement ' is *% * $% > "; 4$ % - 26 % $ % attached heret o ' as Exhibit "N" and %* % $ incorporat ed herein by reference. The Loan Star loans are $$ /N $ C1C : > 4$ % ' % < % 7 $ 27 further evidenced by that %$ certain Lone Star ? %< Dai ry Not e and $ $ that %$ certain Term both $ " dated > 4$ % 7 %$ % 5 1 $ : " Note, 1 $ $ < D $ Y 28 4DE1 + 205897 0v I I + +TL 173 73 .O 128 E COMPLA NT I 6 B FOR (I) BREAC H OF CONT RACT; (2) BREACH OF WRITTEN GUARANTY ; +M>0421-> 620/ >24 0> #02#/0 FORECLOSU RE 1 ON PERS ONAL PROP ERTY A 2>+- +E60->; COLLATERAL ; ETC. /: (3) 6 1 $$ % ' and %% $ correct *< copy 7 of $ ' this letter is $$ % $ attac hed hereto ' as Exhi bit CTC "Z" and ora t ed herein this /N $ incorp % by %* % $ < $ ' 2 % 7 % refere nce . # %' $ Pur su ant $ to $ the Fif thAmendm ent $ to the Two 4 % Star % $ Credit Agree ment , the Two 4 % Star $ : -" " $ 6 7$ : - % " $ 3 ' > " matur " $ % Loan ed 2 on 4 *$ " % Sept emb er 8 30, 2017 and was all due and * < paya ble $ at $ that ti " m e. 8 32. 4 $ : % the ' Jose and Mary default ed under Two 4$ % Star > Loan by, amon g $ % other $ ' thin gs, %< 7 $ < " : 5 > failin g to pay $ the balance 7 of $ the Two 4$ % Star Loan when due and < by pe rmittin g$ the : Two 4$ % Star Loan to 7 $ * < * %" $$ > $ 6 becom e 5 % ove r 5 adva nce d in rel ation to borrowing ' base permitt ed < by $ the loan " $' docum ent. s $ the $ E % $ " * %" 33. 88 7 %< ' Jose and Mar s y' $ ' obligations % under $ the : Two 4$ % Star > Loa n % are secure d < by that ' $ $ ' % 8 certa in 4 % $< Securit yAgree m ent $ dated Febru ary 18, 2011 B$ (the C: "Two 4$ % Star 4 % $< Secur it y- % " $C Ag reement", ) which - % " $ 6 % %< I B 9 provi des $ $ that the Two 4$ % Star Loan is ' % sec ur ed < by, " among $ % other thin gs, all accoun ts , invento r y, farm $ : $'= *% 5 ' > ' $ ' 5 $ %< 7 " 1O product,s includin g 5 ' ! livestock " born % or unborn, suppli es and % *' crops. - A $% true and $ correc t *< copy 7 of the *% $' " ' ** ' $ 11 - % " $ > 4$ % Lone Star 4 % $< Securi ty Agree men t ' is $$ % $ attached here to ' as Exhibi t C--C "AA" and %* % $ incor porate d % herein by this /N $ < $ ' 12 ' perfec * %7 $ % 7 % refe r ence. , ! ' Bank' s ' % $< sec urit y $ % '$ interes t was ted by the R filing 7 of $ $ that %$ certa in = UCC- 1 on March % 1,+ < $ 13 = ) = ' Docum 1 11-7262 - ? " $ 2011 as ent No. 006 065. A $% true and = $ corr ect * ' copies 7$ $ oft hat UCC1 ' is $$ attached 14 hereto as Exhibit "BB" and %* % $ incorpora ted % herein < by this D ' reference. % 7 % /N $ C,,C % $ ' + + (The Guaranty) : & % %5 15 89 34. 16 The Star Loans are ' also ' % secured by a % $< guara nty $ dated May 16, 8 2013 > ' % > 4$ % : Lone < < 17 7 5 % 7 exec ute d < by Defe nd an t Eduardo in favor of the ("Guaranty"). A $" true and %% $ correct *< copy 7 of $ the N $ $ Bank / % ? 7 $ , ! B^& % $ Star] 4$ % % $ - % " $ $ $ % > ? " $' +7 $ Ag reement and the other Loan Doc ume nts. If at < any $ " time Borrower , %% % % 7 ' ' $ fail s, $' negl ects, or refuses to pay when due or perform due < any 7 ' * 7 when * < 2 $ ' of $ the & % $ Guaraneet d Obligatio,ns then B % $ % Guarantor ' shall pay or perf orm 7 $ % * %7 %" * < or ' cause $ to be * %7"" perfor med ' such & " $ Guara ntee d 2 $ ' Obligations as require d ' % Q % > unde r the and $ ' condit ons i of this " $< guara nty and $ the Loan B I $ terms 7 ' " Doc um ents. ? " $' 20 21 22 23 + + O 24 # 8; 25 26 : *% 5 ' $ $ The & % $< Guaranyt 7 % furth er provides that $ the & % $ Guaranteed 2 $ ' Obligat onsi include: ; 27 $ (a) all 2 $ ' Obligat ons i (as R defined in the % $ Credit - % " $ Agreement) including B (i) B ' B > Star 4$ % Dai 1 $ $ $ the Lone ry Note dated ' as 7$ of the $ date 7 of thi s guarant y, from $ ' 7% " ? %< % $< 28 ; ' " 2058 907vl I + 8 V 17373.0 28 1 B +1 9 ( E F0:+ :/1 & -0-1:AG ,0/- D 26 COMPLAI NT FOR (1) BREACH OF 21:0- :; CONTR ACT ; B+ (2) BREACH OF WRITTEN GUARANTY; B8 (3) : A +#+-+1: ,0/- D 2 620 B+ +?0/ L++4 0/ 21 #/0421-> #02#/0:A 2>>- + FORECLO SURE ON PERSONAL PROPERTY COLLATERAL ; ETC. /0-+ /: 9 ( *% * , %% % Borrowe r $ to > % Lender in $ the % original prin cipal " $ amount 7 of $ ' $ : %" 8)8 ) $3,500, 00 000 . and B (ii) the Tenn 1 $ Note $ dated ' as 7$ of the $ date 7 of this 7% " Borr , %% % > % in $ guara nty, from ower $ to Lender the % original * * prin cipal " $ amount % $ 4$ % Eduardo has default ed on ' his & % $< Guaranty 7$ of the Lone Star Loan s < by failing to ' 7 $ > ' 7 + / % pay the bal ance on % or 7 % before 4 *$ " % Septe mb er 8 30, 201 7. * < $ 42. 9 27 $ "< Jose and Mary default ed on the Two 4$ % Star Loan by failing pay $ the ' 5 7 $ > < $ : 7 to %< have 6 balance on E or 7 % before 4 *$ " % Septemb er 30, 2017 ' as % Q % requir ed < by the f th -" " $ Amendm ent $ Fi 8 41. 9Y 25 > 4$ % > ' by 7 $ / % 5 7 $ Edwar d and -*% April have defa ulte d on $ the Lone Star Loans to * < pay < failing 6 R the bal ance on % or % before 4 *$ " % Septemb er 8 30, 201 7 ' as % Q % requir ed < by $ the Fi fth Amendm ent. -" " $; $ 40. 9 23 has :% * ' 7 $ D 7 % 7 $ $ Triple V default ed on $ the Hei fer > Loan by to $ " < timel y pay < failing * < the bal ance on % or before Septemb er 8 30, 2017 ' as % Q % require d under the : % Third -" " $ Amendm ent. % $ 7 % 4 *$ " % 20 21 D % @6 Tripe l V default ed on $ the Herd/Fee d Loan by failing to + " < timel y pay :% * has ' 7 $ > < 7 $ $ * < the $ Fourth % Q % 6 %$ Amendm -" " $ bal ance on or 7 % before 4 *$ " % Septemb er 8 30, 2017 ' as requir ed % under the ent. 18 19 % '* $ 5 ? 7 "' / 7 $ % respect Each of $ the Defenda nts 5 have % agree d in their vei % " $' agreemetns and ' ' The amount s due and owing on each 7 $ of the loans as 7 of 2 $ % Octo ber ( 19, 201 7 : " $' "" <' $ $ 7 ' % 7 ' (includi ng principa and $ % '$ interest but not + including $ late fees or attorneys ' fees and '$' costs) % are ' as *% * l B !+ _ 6 4DE 2 + 2058 970l v /E+ D++TL 17373.01 28 1D O 620 ) B COMPLAINT ! ,0/- D BREACH 26 OF 21:0- :G CONTRACT ;B (2) BREACH OF F0+::/1 WRITTEN & -0-1:A; GUARANTY ; 8 (3) ,0/- D 26 #> 1: FOR( 620/ >24 0/ FOREC LOSURE 21 ON PERSONAL COLLATERAL ;/: ETC. #/0421-> PROPERTY #02#/0:A 2>>-:/0->G 10 1 7 '; foll ows: 2 : #% * ; D % @6 8I The Herd/Fee d > ; Loan: Principa : l [ $2,38 83; 093 .6, (8 I8; % accrued $ % '$; interest: [ $26, 198.14; (I 9G 3 daily % ; accrua l: [)() ; $595. 71; < 4 " #% * ; [ > ; Principal: 9( 89( 9G : The Heifer D 7 % Loan: $5,949,3 49.64 ; accru ed $ % '$; interest: $65,32 92;8 ( G 0. daily [ ) < M + 5 % ; accrua ,485 :$.32; l 1 [ 9I) 8 G 6 > 4$ % > $ % $; Lone Star Line of Credit: #% * ; Princip: al )) (I G $2,9 717.2 87;, 1 accrued interest: $31 8, 90.74; % $ % '$; 8) I( 9; 7 [ ) ; daily % ; accru: al $725.1 7; < 8 > 4$ % > ; Pri #% * ; Lone Star : Tenn Loan: nci pa : l $110, 000 accrued $ % '$; interest: 8 9 8G $171, 4.1 3; daily [ ; G % < 9 % ; accrua : l [ ; $26.70 ; 10 : > ; #% * ; % Two 4$ % Star Loan: Principal: [8 $3,423,519.63 ; accru ed + $ % '$; interest: [9Z $41,259.7 0; daily )( B G 9 8 ) ( 8G < 11 "" ; accrual: [I ( $877. 96. 12 FIRST CAUSE 26 OF - :+21 ACTION 6+04: - 4/ 13 ? " ' (Breach 7 of $% $ Contract Against Triple V, Edward, April, David, and Mary Jane) : %% Dimas - '$ :% * ? 5 Terra / % -*% B,% %< 98 43. 14 15 # $ 77 Plaintiff % 7 %' refer s $ to # % % * ' Para g raphs 1 throu gh 23 and 35 through 9 42, ' 5 inclus ve,i and + " 8 8) $ % by such % 7 % referenc e " % $ incorporat es each $ allegation in $ ' those paragraph s ' as $ though ful yl set forth * % % * ' ' $ % 7 %$ herein. 7 < < ' 16 99 44. 7 % Loan D % @6 > : > '$ $ $ 5 The Herd/Feed Loan and Heifer const tute i val id and 7 % enforceab e l 9) 45. Triple V, , -*% Apr il, Davi d, Terra, ? " ' Dimas, and Mar y Jane 5 have :% * / % ? 5 : %% %< Edward I 7 % ' contract. s 18 19 D % @6 breach ed $ the Herd/Fee d > Loan and $ the Hei fer > Loan < by 7 failing $ to pay outstanndi g principal and D 7 % % $ $'$ * * * < the 20 7 % all % accrued $ % '$ interest on % or befor e 4 *$ " % Septemb er 30, 2017. 8 9 46. 21 # $ 77 ' Plaintiff has * %7 %" perform ed all $ ' condition s, 5 $' cove nants , and *"" ' ' promi ses % Q N% requir ed to $ 22 * %7 %" $ $ ' N *$ 7 % $ ' $ $ 5 be perform ed in $ connection with the loans exce pt for those that have been N ' excused < by $ ' these 23 ? 7 $' *% % % Defenda nts prior breach. 47. 9 24 -' As a % $ direct *% N " $ and proximate % ' $ result 7$ of the % breach 7 of $E the Herd/Fee d Loan, D % @ E > 25 Pl aintiff has been " damage d in an " $ amount ' W $ subject $ to *% E" proof at trial but which " $ amount ' is N* expected $ to # " 77 "' $% " 26 E excee d 4 8IBJ 8 I8 $2,386, 093.83 of *% * principal toge ther with accrued $ % '$ interes t ' as 72 $ % of October 19, 2017 7 of 7 $ % $ $ % N 27 $26, 98.14 1 , with $ % '$ interest $ continuin g $ to % accrue from and 7$ % af ter 2 $ % October 1 E E 9, B 2017 until the $ date $ 7% " [ B (I 9 $ $ 28 W " $ jud gme nt i ' s $ % entered herein at $ the % $ rate D4U4 + of $595.7 1 per day. % $ * % < 4L F + 2058 970vl I +1:DD/1 17373.0 28 1 11 E + + 620 COMP NT LAI FOR B+ (1) ,0/- D BREACH 26 OF 21:0- :G CONTRACT ; B (2) ,0/- D BREACH % OF F0+:+E/F: -0-1F; WRITTEN GUARANTY ; B8 (3) 2 #>-+1: FORECLOSU RE 1 ON PERSONAL ERTY 2>>- +E/0->G COLLATERAL; ETC. #/0421-> PROP 620/ >24 0/ #02#/0:A /: 11 48. 9I 1 As a % $ direct and *% N " $ proximat e result of $ the breach of the D 7 % Heifer Loan , # $ 77 Plaintiff % ' $ 7 -' % 7 > + 2 *" 7 $ " $ has damaged in an " $ amount ' W $ subject $ to proof at $% trial $ but which amount ' is N* $ expected $ to N exceed ' been " 3 $ % $5,949, 349.64 of principal $ $ % together with accrued $ % '$ interest ' as E2 $ % of October ( 19, 2017 7 of [ ) $65, 320. 92, 8 ( [) (9( 89( 9 7*% * 4 with interest $ continuing $ to % accrue from and 7$ % after 2 $ % Octob er 19, 2017 until date W " $ jud gment ' is $ $ % '$ 7% " $ the $ $ 5 entered herein at $ the rate of348 2, $5.1 $ % % $ % $ 7[ + day. * % < 9I)8 per 6 SECOND - 4/ CAUSE 26 OF - :+21 ACTION 4/ 21? 7 7 $% $ / % (Breach of Contract - '$ Against Edward and -*% April) B,% 49. 9( 8 # $ 77 % 7 %' $ Pl aintiff refers to # % % * ' Paragraph s 1 $ % throu gh 1 8 3, 9= I 24-28, 8) and 35 9 42, inclusi ve, and ' 5 ( 9 by such reference incorporat es each $ allegat oni in those paragraph s ' as $ $ thought fully set forth $ ' % 7 % %* % $ ' * % % * ' 7 %$ 6 < ' $ < ' 1 O herein. % Y 11 50. ) > ' : 5 The Loan Star Loan s '$ $ $ constitut e valid and 7 % enforc eable $% $' contract. s > 4$ % 12 51. ) Edward and -*% April 5 have % breached the Star Loans by 7 failin g $ to * < pay the $ Loan > 4$ % > ' < / % " 138 $'$ outstandin g principal and all % accrued interest on % or befor e 4 *$ " % Sept em ber 8 3 O, 2017. 7 % *% * % ' 14 +9 ) 52. ' perform * %7 " # $ 77 has Plaintiff de all $ ' condition, s 5 $' covenant, s and promi ses requir ed to *% " ' ' % Q % + $ Loan * %7 %" > 4$ % performed $ the $ ' $ $ 15) be in $ connection with Star > ' Loan s N *$ exce pt 7 % for those that have been N ' excused < by 5 -*% ' Edward 16 and April s ' prior % breach. / % *% % + 17 18 )8E 53. *% N " $ % ' 7 As direct and proxima et resul t of Edward and -*% ' April s' breach of the > Lone / % -' a % $ % 7! *% E $ 4$ % Star Line of Credit , # $ : "' Plaintiff has been B " damaged in an " $ amount ' W subject $ to proof at $% trial $ but which > 7 % ` $ *% * 19 " $ amount is ' N* $ expected $ to N exceed ) (I 8Y $2, 7.21 987, 71 of principal, $ $ % together $ with % accrued interest as 7 of $ % '$ ' 20 with Octob er 19, 2017 88 I( 9 of $31 890.7 , 4, interest $ continuin g $ to % accrue from and 7$ % after 2 $ % October 19, 2 $ % $ $ % '$ 7% " ( (E 21 W " $ 2017 until the $ date jud gment ' is $ % entered herein at the rate 74 ) of $725.1 7 * % per < day. $ $ $ " % 54. )9 22 E -*% ' breach % ' $ -' *"N " $ / % As a % $ direct and prox ima et resul t of Edward and April's of the Lone > % 7$ 23 # $M E ' *% 7= $ Star Term Loan , Plaintiff has been " damaged in amount subject at $% trial but h 4$ % : %" > ' W $ to $ proof an " " $ whic 24 " $ 7*% * amount ' is N* $ expected $ to N excee d [ $110, 000 of principa , l $ $ % together $ with % accrued interest as 7 of 2 $ % Octob er $ % '$ ' 25 $ interest $ % '$ $ 7% " 19, of $171,3,14. 9 8 with continuin g $ to % accrue from and 7$ % after 2 $ % October 19, 2017 until the 7[ ( 2017 $ $ ( 26 $ date W " $ judgment ' is $ % entered herein at $ the % $ rate 7 of $26. 70 * % per < day. % $ [ THIRD - 4/ CAUSE 26 OF ACTION :D+0? - :+21 27 28 aE @ J I + + 2058970vl 17373.01 28 B++ 1 E - '$ (Breac h 7 of $% $ Contract Against ' Jose and %< Mary) B,% J 2 COMPLAINT 620 FOR B+; (I) ,0/- D BREACH % OF 21:0- :G CONTRACT; (2) ,0/- D BREACH : OF J E0 E: M 1 WRITTEN & -.- 1E+EAG GUARANTY ; 2 #>-+1: B BE2>>-:/0->; FORECLOSU RE 21 ON #/0421-> #02#/0:A PERSONAL PROPERTY COLLATE RAL ; ETC. >: 620/ >24 0/ " 12 (3) )) 55. 1 2 ! 3 (=88 # % % * ' # $ 77 Plai ntiff % 7 %' refers $ to Paragraph s + 1 throu gh 8E 13, 29-33 and 8)=9 35-42, ' 5 inclus ve i , and $ % $ ' by such reference porat es each $ allegation in those para graph s ' as $ $ thought 7 < fully ' $ set forth %* % $ ' % 7 % incor * % % * ' 7 %$ < ' herein. % 4 56. ) The Two 4$ % Star Loan constitut es a valid and 7 % enfor cea ble $% $ contrac t. 5 : : > '$ $ $ ' 5 ) 57. ' $ : Jose and Mary have % breac hed the Two 4$ % Star Loan pay the > by 7 to $ * < $ %< 5 < failing * * 7 % 4 *$ " % 6 $'$ outstandi ng principa l and all % accrued $ % '$ interest on % or before September 8 30, 2017. 58. )I 7 # $ 77 ' Plaintiff has * %7 perform ed all $ ' condi tions, covenant, s and promi ses requir ed to $ *% " ' ' 5 $' % Q % 8 be perf ormed in $ connect on i with Star Loan exce pt 7 % for $ ' those that have been excused < by * %7"" $ the $ Two : 4$ % > N *$ $ $ 5 N ' 9 % Jose and % Pl " $ 12 *% * expected to excee d )8 9 8 ) 8 $3,423, 9.63 51 of princip , al togethe r $ with % accrued interest as 7 of 2 $ % October 19, N* $ $ N $ $ % $ % '$ ' ( 13 E 2017 49 )( of $41, 259. 70, wi th $ % '$ interest $ continuin g to acc rue from and % after 2 $ % October 19, 2017 " until $ the $ $ % 7% " 14 $ date W " $ judgment is ' $ % entered herei n at $ the % $ rate 8I ( of $877 .96 per day. $ * % < % FOURTH CAUSE OF - :+21 ACTION 62 0:D - 4/ 26 15 (Breach 7 of $ the & % E< Guaranty Agains t Eduardo) - '$ B,% / % 16 60. 17 9= I # " 77 # % % * ' Pl aintiff % 7 %' $ refers to Paragra ph s 1 $ % throu gh 13,+8 24-28, and 8)=9 35-42 , ' 5 inclus ve,i and + 18 %*" $ ' by such referen ce incorporat es each $ allegation in paragra ph s ' as $ K thought 7 < fully ' $ set 7 %$ forth % 7 % $ ' * % % * ' those < ' 19 % herein. 20 21 22 23 24 61. The Star Loans are % $ guara ntee d < by Edua rdo and ' his & % $< Guaranty : Lone > ' % > 4 % / % $% $ '$ $ $ ' constitut es a 5 valid and enforcea e bl contrac t. 7 % 62. $ & % $< Edua rdo ' has % breached the Guara nty < by his failur e to off the Loan Star / % ' 7 % + pay > 4$ % * < E $ Line of % $ Credit and the Star Term : %" Loan. > 4$ % $ Loan > > 7 63. 8 M E ' Pl aintiff has * %7 %" performed all $ ' conditi ,ons 5 $' covenants , and promises requir ed to *%""' ' % Q % 25 7 % those * %7 %" $ be med in $ connect on i with $ the & % $< Guaranty N *$ exce pt for that have excused by perfor 5 been $ ' $ $ N ' < 26 / % E'E % Eduardo s' ' breach. 27 B 9 28 64. / % E' As a % $ direct *% N " $ and proximate result of Edua s rdo' fai ure l to the Lone Star % ' $ 7 -' $ pay > 4 % 7 % * < $ ' " proof " Line of Credit, Pl aintiff has been dama ged in an " " amount 4 , + subject to at trial amount *% 7 $ > E % $ $% but $ which " % RLE$=E 0vl / +: D 17373.0 28 1 Z 138 205897 SK 6B 0 (I) BRE ,0/- D COMPLAI NT FOR ACH 26 OF 21:0- :; CONTRA CT; B+ (2) ,0/- D BREACH 26 OF F0+::/1 WRITTEN & -0-1:A; GUARANTY; B8 (3) 2 #>-+1: #/0421-> 6 06 D 4+ 0/ FORECLOSUR E21 ON PERS ONAL #02#/0:A PROPERTY 2>>-:/0->G COLLATERAL ; /: ETC. 13 8 $ 7*% * ' is N* $ expected $ to N excee d [ (I $2,987, 717 .2 1 of prin cipal , $ $ % $ % '$ ' togeth er $ % with accrued interest as 72 $ % of October 19, +( 2 $ % ' 2017 4V of $31 8, 90.7 4, with interes t $ continuin g $ to % accru e 7% " from and % after 2 $ % October 19, until $ the $ b( 9 ( 2017 3 % $ $ [ ) date jud gment ' is $ % enter ed herein at $ the rate of $725 71 . per < day. $ W $ % $ * % + ) 65. 4 / % ' -' *% N " $ 7 % As a % $ direc t and proximat e % ' $ result 7 of Eduardo s ' failur e $ to pay the Lone Star > 4$ % * < $ 5 # $ 77 ' : %" > *% 7 $ $ Term Loan , Plaintiff has been " damage d in an " $ amount ' W $ subject $ to proof at $% trial but which " $ amount ' is 6 $ $ % N* $ + ( 7 expected to N excee d $110, of *% * prin cipa , l toge th er $ with % accrued $ % '$ interest ' as E2 $ % of October 19, 2017 7 of [ 000 7 4G + 8 $ % '$ $ $ $ $17,1 4.1 3, 9 8 $ with interes t $ continuin g $ to % accrue 7% " from and 7$ % after 2 $ % October 19, 2017 until the date ( B Z jud gm ent ' is % entered % herein $ at $ the % rate 7[ B B of $26.70 per day. W " $ * % < 6+6:D FIFTH - 4/ CAUSE 26 OF - :+21 ACTION 9 6 % ' % # %' l O •(Enforc m ene t of 4 % $< Security - % " $'; Agreements: Fore closure on Pers onal Prope rty % Collateral Again ts B/ 7 % " $ 7 - '$ #% * %$< :% * Triple V, Edward, Terra, Dimas, and Mary Jane) ? " ' -*% David, / % April, ? 5 : %% %< 11 66. 12 13 $ Paragrap Plaintiff refers to hs 1 $ % throu gh ) 65, inclus ve,i and by such % 7 % reference # $ 77 % 7 %' # % % * ' ' 5 < ' + those incorporat es each $ allega tion in raph s ' as $ $ thou ght fully set f7 orth % herein. $ ' parag * % % * ' %* % $ ' 7 < ' $ 14 67. B E% * ' $ ' D % @6 > % % $ Tr iple V's obligation s under the Herd/Fee d Loan are ' % secur ed by that %$ certain < $ $ 15 Securit y - % " $ Agr ee ment $ dated Nove mb er 19, 2012 B$ (the CD % @6 "Herd/ Fee d 4 % $< Securit y - % " $C Agree ment"), which 1 5 " % 4 % $< ( 16 *% 5 ' prov ides $ $ that $ the D % @6 Herd/Fee d Loan is ' % secur ed < by, " among $ % other $ ' thin gs, all $' account s, 5 "%< inve nt ory, farm > ' 7 %" 17 - $% products, includin g 5 '$ ! lives tock % born % or unborn , ' ** ' suppli es and % *' crops. A true and %% $ correc t *< copy 6$ of the *% $' % 18 D 7 % % $ ' /N $ C.C - % " $ Hei fer 4 % Securit y< Ag r eement ' is $$ attac hed hereto as Exhibit "K" and %* % $ incorporat ed herein by $ ' this % < 19 % % ' * %7 $ $ % '$ was R referen ce. , ! ' Bank's ' "< securit y interest perfec etd by the filin g E $ of that % " certain = UCC- 1 on Nove mber 1 5 " % < $ 20 ] = 1 127339 88( ((K A - +% % $ 26, 2012 ' as 6 File No. 799 111. true and %% $ corr ect *< copy 7 of $ ' this UCC -1 ' is $$ attached heret o ' as >S 21 $ ' % 7 % Exhibit "L" and ' is incorpo raed t % here in < by this reference. /N $ C>C %* % $ 22 68. B I D 7 % Triple E' V's $ ' obligati ons under fer Loan are ' % secured < by $ $ that " certain $ Hei > % :% * % the 23 Securit y - % " $ Agree ment $ dated Dece mb er 1 O, 2013 "Hei fer 4 % $< Security - % " $C Agr eement") , which provid es ? " % +8 B(the *% 5 ' 4 % $< CD 7 % 24 D 7 % $ $ $ Hei that the fer Loan secur ed by, among $ % other $ ' thin gs, all $' account, s 5 $ %< inventory, farm product,s > is ' ' % 7 %" *% $' < " 25 - $% includin g 5 '$ ! livestock % born % or unb orn , ' ** ' supplies and % *' crops. A true and %% $ correct *< copy of the Hei fer D 7 % % 26 $ ' % 7 % Securit y - % " " Ag ree ment ' is $$ attac hed % $ hereto ' as /N $ Exhibit C C "M" and %* % $ incorporated % herein < by this reference. 4 % $< 27 , ! ' H F ' perfec * %7 $ $ R Bank' s security $ % '$ interes t was ed t < by the filing B 7 " of that %$ certa in UCC1 on 1 5 " % Nove mb er 26, 201 2 " ' % $< 28 as Fi le No. I 27339 79911 1 , E K + ' % descr bed i above . The / Feed 4 % $< Secur ity - % " $ Agree ment and $ the Hei fer 1 88 : Herd D % @6 ' 6 5 D 7 % "" "" )"" 205 8970v I / 1728 373.01 14 9 COMPLA NTI FOR( ) ! ,0/- D BREACH 26 OF 21:0- :G CONTRACT ; B Y,0/- ++ (2) BREACH 26 OF F0+::/1 WRITTEN & -0-1:A; GUARANTY ;B8 (3) 2 #>-+1: 620 20/ >24 0/ 21 FORECLOSURE ON PERSONAL PROPERTY 2>>@J:/0->G COLLAT ERAL; /: ETC. #/0421-> #02#/0:A 14 9 B 1 $ ' Securit y Agreement are $ 5 < collectivye l % 7 ref erred to as $ the C:% * "Tripl e V Securit y Agree ment "s. - % " $ % - % " $' C 4 % < 4 % $< 2 3 69. B ( :% * $' * %$ %' 5 % Triple V and its partners have breac hed $ the Herd/Fee d Loan and the Heifer D % @6 > $ D 7 % Loan as *% 5 ' < alleged previou y. ls > ' 70. 4 : The * %' personal prop erty $ % collateral is ' in % danger 7 of being " $ % < materially injur ed in *% * %$< W % ; 5 that e l V has indicat ed and ' shown " K that $ < they do not the 7 ' funds $ to properl y manage the 5 $ ' $ " Trip :% * $ have " $ *% * % < 6 collateral. $ % J 71. Y 7 Securit Pur suant $ to $ the :% * Tripl e V y Ag reem ents , Plai ntiff has $ the right to # %' $ - % " $' 4 % $< # $ 77 ' % $ $ 8 $ % % ' imm edia et * '' '' possess ion of the * %' *% * %$< personal property $ % collaet ral and records pertainin g $ % $ thereto. 4 Such the "" $ * 9 remedies are ' '$ $ cons stent i with Pl aintiffs request for a rece ver i , who in $ the $ % natura l %' course 7 of %%< carrying 7 % % " ' % $ # $ 77' % Q ' % 5 % 1O *% $ $ out hi s % or her duties woul d prot ect # $ 77 Plaintiff from her injur y while " ! making certain $ $ that :% * Triple V $ ' % $ ' 7% " furt 7 %$ % W %< 11 % 5 $' * %$ %' $ entit and its partners rece ve i % $ credit $ to which it and $ < they " $ might be edl. It is % $ critical $ $ that a % 5 % recei ver be $ $ +$ ' 12 safegua ' 7 % appoint ed $ at this time $ to mars hal and rd $ the per sonal *% * %$< prop erty $ % collateral in which aintiff " %' ** $ $ ' $ " * %' Pl # $ 77 13 ' *% ' $ holds a ' % $< securit y $ % '$ interest $ to % realize $ the % " rema ni ngi procee ds $ % 7 thereof , and do all act s '' %< necessary to $' 14 prot ect the * %' personal *% * < proper ty collateral. $ % *% $ $ $ 72. 15 16 # $ 77 ' Pl antiff i has no '* < speedy % or Q $ adequate % " < remedy $ at law and wi ll ' 77 % suff er %% * % irreparabl e damage , W %< injury and harm ess appropri tea Q $ equita e bl relief is % $ grant ed. %" unl % 7 ' '' **% *% $ " 17 4+L:D SIXTH - 4/ CAUSE 26 OF ACTIO N - :+21 18 6 % ' % - % " $'; Foreclos (Enforce mnt e of 4 % $< Security Agreements: ure on Per os nal Proper ty $ % Collateral Against 7 # %' B/ 7 % " $ #% * %$< - '$ 19 Edwar d and -*% April dba Loan Star Dairy) > 4$ % / % ? %< 73. 8 20 21 $ Paragra # % % * ' # $ 77 % 7 %' Pl aintiff refe rs to ph s 1 $ % throu gh ) 65, inclus vei , and < by ' such $ 7 % reference ' 5 incorpora est each allegation in those phs ' as $ $ thought fully set forth $ ' paragra * % % * ' % 7 herein. %* % $ ' 7 < ' $ 74. 9 22 / % $ Lone Edwar d and -*% ' April' s $ ' obligations under Star Loan are ' % secured < by % the > 4$ % > % < 23 that %$ certan i 4 % $< Securty i - % " $ Agreement $ dated May 1 6, B 8 2013 B$ (the C> "Loan 4$ ; Star 4 % $< Secur ity - % " $C Agreemen, t") which $ $ 24 *% 5 ' > 4$ % > ' prov ides that the Loan Star Loan is ' % secur ed by, among % other $ ' things, all $' account, s inventory 5 $ %<, farm 7 %" < " 25 product ,s includin g 5 '$ ! livestock born or unborn, supplies and % *' crops. A true and %% $ correct *< copy of the % % - $" *% $N % ' ** ' 26 C:C $$ % $ ' Lone Star 4 % $< Securit y - % " $ Ag reeme nt ' is attac hed hereto as Exh biit "T" and incorporat ed herein 4 "M /N $ %* % % by $ ' < this 27 EXY , ! ' ' % $< * %7 $ refere nce. Bank's security $ % '$ interest ' was perfec edt by the R filing 7 of that %$ certain UCC1 on Decembe r % 7 % ? " % < $ 28 = 89 () I 1 12 % 8 12, 201 2 as ent No. 7340995 787 and on March 30, 201 2 ' as Docume nt No. ? " $ 8 K ] ' Docum 1 12- H ? " $ T 4LE = 2oss 907v 1 / Z 8 D I 1728 373.10 15 ) Z " " B:2 -+ 1 + +XCB80B ,0 G- N ,0/- D % COMPLAI NT FOR (I) BREACH OF 21:0-/ / CONTRACT; B (2) BREACH OF WRI TTEN GUARANTY ; (3) F0+::/1 & -0-1:AG #02# 0M 21 #/0421-> "" "' "; FOREC LOS URE ON PERS ONAL PROPE RTY5 BE2>>-:/0-> COLLATERAL ; /: ETC. 15 ) 1 H ' 7306776190 . :% True and %% $ coITect * ' copies 7$ ' of these UCC-l' s % are $$ attach ed hereto as /N $ Exhibit C ^ "U" and 8 ( % $ ' 2 %* % $ incorporat ed herein refer enc e. % by $ ' % 7 % < this 3 ) 75. -*% % Edward and Apri l 5 have breach ed $ the > Lone 4$ % Star Loan as *% 5 ' < alleged previou y. l s / % > ' 4 E 76. * %' *% * %$< The onal property $ % collatera l ' is in % 7 danger of being allyi i W njur ed in : pers mater % " $ % < >> 5 + that / % Edward and Apri l have indicat ed and ' shown $ $ that $ < they do $ not 5 have the funds to yerl $ $ -*%] 5 $ + 7 ' $ prop *% * % < 6 " $ % man ag ethe collateral. E 77. 7 $ $ $ # %' $ Pur suant to the > Lone 4$ % Star 4 % $< Security Agreem ent, Plaintiff has the - % " $ # $ 77 ' $ right % " to * %' property 8 "" $ imm ediat e * '' '' possess ion B 7$ of the personal collat era l and $ the record s pertainin gthereto. Such % % ' *% * < $ % * %$ $ % $ 4 I 9 rem edies % ' '$ $ are cons steint with # $ 77 aintiff ) s % Q '$ reque ts 7 % for a recei ve r , who in the natural cours e 7 %%< of carrying % " ' $ Pl $ % %' % 5 % $ # $ 77 7% " 1 O out his or her $ ' duties would prot ect Plaintiff from further injur y whil e " ! makin g certain $ $ that Lone *% $ $ > 6 % W %< ' % % 11 receives % $ credit $ to whi ch $ it might entitl ed. It critica l that a % 5 % receiver be ** $ appoint ed $ at $ ' this $ $ 4 % % 5 ' " $ be Star +$ is ' % $ $ $ 12 tim e $ to mar h s a l and ' 7 % safeguard the l prop erty $ % collatera l in which Pl aintiff hold s a securit y " %' $ persona * %' *% * %$< $ " # $ 77 ' ' % < % $ 138 $ % '$ interest $ to realize the % " remainin g procee ds $ % 7 thereof , and do all $' acts '' %< necessary $ to *% $ $ prot ect the persona l *% ' $ * %' +9 prop 14 erty $ % collateral. *% * < 78. I 15 ' # $ 77 Pl ainti ff has no '* < speedy % or Q $ adequat e % " < remed y $ at law and will suff er %% * % irreparable ' 77 % 16 dama ge , injur y and harm ess **% *% $ appropriat e Q $ % 7 equitab e l relief ' is % $ grant ed. '' " %" unl W %< 17 SEVENTH - 4/ CAUSE 26 OF - :+21 ACTION 4/ /1:D 18 (Enforcement 7 of 4 % $< Security - % " $'; Agreements: , Foreclosure on Personal y $ % Collateral Agains t 6 % ' % # %' Propert B/ 7 % " $ - '$ #% * %$< 19 ' Jose and Mary dba : Two 4$ % Star Dairy) %< ? %< ( 79. 20 21 $ Para # % % * ' # $ 77 % 7 %' Plaintiff refers to graph s1 $ % throu gh ) 65, inclu isve, and by such % 7 % reference > 4 E < ' $ ' * % % * ' incorporaes t each $ allegation in those para gra ph s ' as thou ght fully set forth %* % $ ' $ $ 7 %$ herein. % 6 < ' $ I 80. 22 %< ' ' $ ' Jose and Mary' s obligation s under Star > Loan % are ' % secured by % the $ Two : 4$ % $ $ < that 23 certain 4 % $< Securit y- % " $ Ag reement $ dated 6 % %< Febru ar y 18, 2011 B$ (the C: "Two 4$ % Star 4 % $< Securit y Ag r eement") , which %$ - % " $C I 24 provides that $ the : Two 4$ % Star Loan secur ed by, amon g $ % other $ ' thin gs, all $' account, s 5 "% is ' ' % 7 %" < " 25 produ cts, includin g 5 '$ ! livestock % born or % unborn , ' ** ' suppli es and % *' crops. A true and %% $ correct *< copy 7$ of the + *% $' - $% 26 > 4 % - % " " % $ ' /N $ C--C Lone Star 4 % $< Securit y Agree ment ' is $$ attached hereto as Exhibit "AA" and %* % $ % incorpo rated herein < by this $ ' 27 E= % 7M % $ filin ' perfec * %7 $ reference . , ! ' Bank' s ' % $< securit y interest ted < by the g 7 of $ $ that " certa in UCC1 on March % ' was R % I,+ 28 E E + ; and ? " " Y ' 1 11- 9 ) - true %% $ 2011 as Docum ent No. 7262060065. A correc t * ' copies 7$ of that UCC1 is ' attached ; 'N " 205897 0v I / D"" N 1728 373.01 16 COMPLAJ NT FOR (I) BREAC H 26 OF 21:0- :; CONTRACT; B (2) BREACH OF F0+ +ED1 WRJ TTEN BD -0-1:A; GUARANTY; (3) ,0/- D ,0/- D % 2 #>-+1: 6 0 B 6B 0/>E+c B 4 0/ 21 FORECLOSURE ON PERSONAL ERTY 2>>-+ COLLAT >0->G ERAL ; ETC. #/0421-> PROP 6 ; #02#/0:A 16 + " 1 % < % $ /N $ C,,C hereto ' as Exhibit "BB" and " % $ incorpo ra ted herein by $ ' this % 7 % refer ence. +N 2 I 81. $ : % > ' ' Jose and Mary have breac hed the Two 4$ % Star Loan as alleged *% 5 ' < previ ous y.l %< 5 3 82. I W % The personal *% * %$< prop erty $ % collatera l is ' in % danger 7 of being " "% < materiayll injur ed in : * %' 4 5 7 ' that $ the ' Jose and Mar y 5 have $ indicaetd and ' shown $ $ that $ < they do not have $ the funds to *% * % < properly $ $ %< 5 " manage E the $ % collateral. > I8 83. 6 Pur suant $ to $ the Two Star 4 % $< Securit y- % " $ Ag r ee ment, Pl aintiff has $ the % $ right $ to # %' $ : 4$ % # $ 77 ' J+2 * 7 . "" $ imm ediate possess ion 7 of the person al prop erty $ % collateral and $ the % % ' records perta inin g $ % $ thereto. 4 Such * '' '' $ * %' *% * %$< 8 $ # $ 77E' % Q '$ for 7 % % " ' remedies % ' '$ $ are cons steint with Plaintiff s request a % 5 % receiver , who in $ the % natural %' cour se 7 %%< of carrying 9 # $ 77 $ ' out his or % her $ ' duties woul d *% $ $ prot ect Plainti ff 7% " from 7 %$ % furth er W %< injur y whil e " ! making %$ certain $ $ that the Jose ' % $ 1O and Mar y % 5 receve i % $ credit $ to which $ < they " $ might be " $ entited.l It+ ' is % $ critical $ $ that a % 5 % recei ve r be ** $ appoint ed %< 11 * %' ' at this to " %' marshal and ' 7 % safegua rd $ the perso nal prop ert y $ % collatera l in which # $ 77 Plaint ffi holds a $ " $ C $ ' time *% * %$< 12 securit y $ % ' interest $ to % realize the remainin g *% ' procee ds $ % 7 thereof , and do all $' acts '' %< necessa ry + to prot ec t the $ % " *% $ $ $ ' % $< 13 pers onal *% * % < property $ % collateral. * %' 84. I9 14 15 Pl aintiff ' has no speedy % or Q $ adequate % " < remedy ; K at law and will ' 77 % suffer %% * % irreparab e l '* < # $ 77 damage, injury and harm appropri ate Q $ equit able % $ ' relief is % $ granted. %" unless '' **% *% " " W %< 16 EIGHTH CAUSE 26 OF - :+21 ACTION /+&D:D - 4/ 17 J 7 -** $" $ (Specific Perform nce a of 4 % $< Securi ty - % " $G Agreement; Appointm nt e 7 of 0 % Recei ver - '$ Again ts :% * Triple V # %7 %" B4* R 18 +$' # %$ %' and Its Partners) I) 85. 19 $ Paragra # % % * ' # $ 77 % 7 %' Pl aintiff refe rs to phs 1 $ % through 8 23, 8)9 35-42 , 999I 44-48 , and H 67-72, 20 inclu ve si , and < by ' such reference incorpora tes each $ allega tion in $ ' those * % % * ' paragra phs ' as $ K thought full y % 7 % %* % $ ' ' 5 7 < 21 ' $ set 7 %$ % forth herein. I 86. 22 4 % $< The Tr iple V Securi ty - % " $' Agree ment s *% 5 prov ide $ $ that upon defau ,t l Plaint ffi shall : :% * * 7 $ # $ 77 ' 23 % $ 7 %" have all the rights 7 of a ' % secur ed * %$< party under the 7 % California Uni form "" % Comm al erci Code and ' also that $ % $' 5 24 additi onal % " ' remedi es includ e, witho ut " " ; limita tion: (a) "5 having a % 5 % recei ver ** appoi nted to ! take possess on i " $ * '' '' B 25 of collateral $ with $ the power to ' sell $ the $ % collateral and ** < appl y procee ds $ to $ the $ '' indebtedness and $ to * % $ 7 $ % *% ' 26 $ " the !' books and % % ' records 7 % * of Tripl e V; (b) % Q % requirin g % * Tri pl e V to '' " assemb e l and 5 % deliver the manage $ G B 27 collatera l to Pl aintiff , includin g rel ate d $ $ title '$% " $' instrum ents and $ that # $ 77 Planti i ff may enter * upon :% * Tripl e + $ % % $ # " " < $ % 28 ' *NE * < V's prope ty r to $ ! take possess on i and remove collatera ; l B ( c) $ ! take % charge and possess on i 7 of l 5 '$ ! ivestock % " 5 $ % ; * '' '' * '' '' / '" > 8 2058970lv / 17373.0 28 1 " N 17 " " " 8 =>. DD0EU1 +E0- :G ,0 -> D COMPLA NTI FOR OF CONTRACT ; B (2) BREAC H B S OF WRITTEN GUARANTY ; F" % %N7 & -0-1M+EAG D (1) BREACH 2 #>-+1: #02#/0 D > >>-++;0 -J+ 620/ >24 0+; B+ LOSURE 1 ON #/0421-> PERSONAL PROPERTY COLLAT ERAL ; G +) ETC. FOREC " (3) 17 1 % 5 *% 5 $ " and e $ " them 7 % for * publi c % or privat e ' G sale; and B (d) $ N ' otherwi se recei ve payments , rents, % $' income, and * <" $' prepar *% * % $ '' 2 % 5 ' revenu es from the $ % collateral $ to ** < apply $ % toward $ the indebte dness. 7% " $ ! I 87. 3 *% 5 : The :R*+ Triple V 4 % $< Securit y - % " $' Ag reements ' also N*% '' < expr essl y provide $ $ that :% * Tripl e V 4 C % < "hereby ' $' consents $ to $ the ** $" $ appointm ent E' of such a % 5 % recei ver and % ' agrees $ not ** ' oppose < any ' such 5 ** $" $ C appointm ent." II 88. 6 There is ' no Q $ adequaet remed y at l aw $ to 7 % enforce $ the provi sions of the Tripl e 7 : % *% 5 ' ' $ :% * % " < 7 4 % $< % 5 % $ is ' '' %< V Securit y - % " $' Agree ments and it necessa yr $ $ that a recei ver be ** $ appointed $ to $ ! take * '' '' possession and 8 $ ' * the * %' property % $ char ge 7 of $ the personal collateral and $ to ' %5 conserve and " manage $ it pending sale under the % *% * < $ % 4 % $< 9 term s 7$ of the :% * Triple V Security - % " $' Agreements , and $ to $ collect < any and all ' such rents revenue, " income, % $', % 5 ( $ %"' * 1D O and $ % other benefits thereof pendin g ' sale. R$' $ % 7 89. I( 11 Y * '' '' Unless a % 5 % receiver ' is ** $ appointed < by $ ' this %$ Cour t $ to $ ! take possess on i 7 of , % care for, '' 7 % 12 # $ 77 and " manage and * % $ operate the personal property $ % E collateral , Plaintiff will be " $ % < *% W materially prejudi ce d. *% * %$< $ * %' 13 W % The personal pr operty $ % collateral ' is in % danger 7 of being " $ % < materially injur ed. : * %' *% * %$< ( 90. 14 # " % Q ' ' Acco rdin y, gl Pl aintiff requests $ $ that $ ' this %$ Cour t ** $ appoint a % 5 % recei ver * %' " pur suant $ to - % < #% % the Tripl e V Securit y - % " $' Agreements , Code 5 of Civil Procedur e ' $ ' secti ons 564, $ et. ' Q seq., and $ the ' ' usages 4 % $< ) 9 $ :% * 15 $E Q < *% $ $ 16 of equit y, $ to take on i and $% control 7 of , ' %5 conserve , manage , ' % secur e, " $ maintain and prot ect $ the * '' '' " $ ! possess $ *% $ $ I 7 persona l *% * < property $ % collateral , to do all $' acts '' %< necessa yr $ to prot ect $ the ' said $ % collateral and *% ' %5 prese rve * %' $ % # $ 77' 18I Plainti ffs R $' rights therein. E 19 NINTH CAUSE 26 OF - :+21 ACT ION 1+1:D - 4/ 20 - '$ -** $" $ / % - % " $G (Specific # %7 %" Perform n a c e 7 of 4 % $< Securi ty Agreeme nt; Appointm nt e 7 of 0 5 % Recever i Aga inst Edward B4* R 21 > 4$ % and -*% April dba Lone Star Dairy) ? %< H Y 91. 22 Pl antiff i refers + to Paragra phs 1 through 13, 9= I 24-28, 8)=9 ) H)9 35-42, 50-54, and 9= I 74-78, $ % 8E # % % * ' # $ 77 % 7 %' Y 23 inclus ve, i and < by ' such % % reference incorpora est each $ allegation in $ ' those paragra phs ' as + " thought full y %* % $ ' * % % * ' ' 5 7 < 24 set 7 %$ % forth herein. ' $ ? CG + 92. 25 B The Lone Star 4 % $< Securit y - % " $ Agree ment prov des i that upon default, # $ 77 Plaintiff $ $ *% 5 ' * 7 $ > 4$ % : " 26 shall have all E the rights of a ' % secur ed party California Uniform Commealrci Code and 7 %" "" % % the 7 % % $' E 5 ' * %$< under 27 also that additional % " ' remedies include, $ $ without limitaon ti: (a) having a rece ver i appointed $ to take " $ $ ; % 5 % 5 ; ** $ $ $ ! ' B 28 $M " % * % + possess on i of collateral with the power to ' sell $ the $ % collateral and appl y *% ' proceeds $ to $ the indebtedness $ '' F $ $ *"' '' ** < )""Y 2058970v l / 8 17373.0 28 1 1 I 8 COMPLA NTI FOR (1) ,0/- D BREACH B ; OF B 1K CONTRACT ; B (2) BREA CH % OF 06R' -0@ %5G WRITTEN GUARANTY ; (3) 0- +; P'! @dD 620 B 2 #>-+1: FORECLOSURE ON #/0421-> PERSONAL PROPERTY COLLATERAL ; ETC. #02#/0:A 2>>-E%/0->G 620/ >24 0/ B 1 18 8 E 1 and to manage the and % % ' records 7 of Edwar d and April; (b) requirin g Edward and April % Q % $ books / % !' $ " -*% G B / % $ -*% to 2 BJ $ Plaintiff $ $ assembl e and 5 % deliver $ the $ % collaet ral to , includin g % $ related title '$"" $' instrum ents and that Plaintiff '' " # $ 77 $ $ # $ 77 3 -*% E' $ ! possess may $ % enter * upon Edwar d and April' s property to take ion and % " 5 remove $ % G collateral ; (c) take * '' '' / % $ ! *% * %$< $ " < B 4 7 % * *% * % charge and possessi on 7 of livest ock and prepa re $ " them for publi c % or *% 5 $ private ' G sale; and BB (d) $ % ' otherwi se * '' '' % 5 '$ ! 5 RE " $ % 5 ' from recei ve * <" $' payments , rents, income , and revenues the $ % collat eral $ to ** < apply toward % 5 $ % the " % $' $ 6 indebte dness. $ ''E : > 4$ % - % " $ The Lone Star 4 % $< Securit y Agree ment ' also N*% '' < expr essl y provide that Edward and *% 5 $ $ / % (8 93. 7 8 + $ April "hereby ' ' consents to the ** $" $ appointmnt e of such a recei ver and % agree $ not ** ' oppose < any ' such % 5 % 7' -*% C % < 9 ** " $ C appointm"etn. 10 +2 % There is ' no Q adequaet remedy $ at law to enfor ce $ the provi ons si of $ the Lone 7 $ 7 % > *% 5 ' ' % " < 94. (9 11 % " $ 4$ % ** $ % 5 % Star Securit y - Agree mtne and $ it ' is '' %< necessary $ $ that a recei ve r be appoint ed $ to $ ! take possession and * '' '' 4 % $< 12 * %' charge 7 of $ the person la property collateral and $ to ' conserve and " manage $ it pending sale under the % *% * %$< $ % * the % $ $ ' 13 - % " $ > 4$ % terms 7 of $ the Lone Star 4 % $< Securit y Ag reement, and $ to $ collect < any and all ' such % $' rents, % 5 revenue, " income, $ %"' 14 $ % E pendin and $ % other R$' benefits thereof g ' sale. * '' $ $ ! * '' '' 7 Unl ess a % 5 % recei ve r ' is ** $ appointed < by $ ' this %$ Court to take possession of, % care for, 7 % () 95. 15 16 and " manage and * % $ operate the personal proper ty collate,ral Plaintiff will be " $ % Y materialyl < prejudice d. $ % *% W * %' # $ 77 *% * %$< 17 The al *"* < properyt $ % collateral is i n % danger of being " $ % < materially injur ed. : person * %' ' W % E Accory, dingl Pl aintiff request s that Court ** $ appoint a recei ver purs uant to % Q '$' # $ 77 $ $ this $ ' $ % 5 % * %' $ - % < ( 96. 18 19 #% % $ - % " $ the Lone Star 4 % $< Security Agreem ent, Code 5 of Civil Procedur e ' $ ' sections ) 9 564, $ et. ' Q seq. , and the usages > 4$ % $ ' ' 20 of equit y, to poss on essi and $% control 7 of , ' %5 conserve, " manage , ' % E secur e, mainta in and *% $ $ protect the $ take $ ! * '' '' $ " 7 Q $< 21 $ prot persona l property coll,ateral to do all $' acts '' %< necessary to ect the said " % collaet ral and *% ' %5 preserve B *% $ $ $ ' * %' *% * %$< $ % 22 # $ 77E' % $' Plaintiffs rights $ % therein. 23 TENTH - 4/ CAUSE 26 OF ACTION :/1:D - :+21 24 0 5 % Agai (Specific # %7 %" Performance 7 of 4 % $< Secuty ri Agreement; -** $" $ Appoinm t ent of Receiver nst $ the ' Jose - % " $G 7 - '$ B4* R 25 and Mary dba : Two Star 4$ % Dairy) %< ? %< +M+ " 77% %' Pl aintiff refers to Paragrap hs 1 through 13, (=88 29-33, 8)=9 ) =) 35-42, 56-59, and 0$>L.> 80-84, $ # % % * ' $ % +8 ( 97. 26 27 %* % $ ' ' % 7 % inclus ve, i and by reference incorpora est each $ allegation in those paragraphs as $ $ thought full y $ ' * % % * ' ; ) ' 5 7 < < such 28 ' $ 7 %$ % set forth herein. D" N" 205897 0vl / 17373.0 28 1 %; 19 ( ,0>- D " "' EG 21 #/0421-> #02#/0 2>>- +MD0-+ 6: . FORECLO UR S E ON PERS ONAL PROPE RTY COLLATERAL ; ETC " 19 ( B 2 @ # M+ 1 + F0+ +M+M =E1 + ! B G ,0/- D COMPL NTAI FOR (1) BREACH % OF 21:0- :; CONTR ACT; B (2) BREAC H % OF WRI TT EN & -0-1:A; GUARANTY; (3) + G * 7 $ # $ 77 ' : The : Two 4$ % Star 4 % $< Securit y - % " $' Ag r ee ments *% 5 provide $ $ that upon default , Plaintiff shall (I 98. 2 7 %" "" % % have all $ the % $' rights E of a ' % secur ed * %$< party und er $ the 7 % Californi a Uniform Comm erci al Code and ' also $ $ that 5 3 additi onal remedies includ e, $ $ without limit ation: (a) 5 having a % 5 % recei ve r ** $ appoint ed $ to $ ! take * '' '' possess ion " $ $ ; % " ' $ B; 4 *% ' of $ % collateral with $ the powe r $ to ' sell $ the $ % collatera l and ** < apply procee ds $ to $ the $ '' indebtedness and to 7 $ * % E 5 manage the books and % % ' records 7 of ' Jose and Mary; (b) % Q % requirin g ' Jose and Mary to '' " asse mbl e and !' " $ %<; B %< $ B 6 '$% " $' $ 5 % # $ 77 $ $ % deliver the collatera l to Plainti ff, includin g % $ related $ $ title instrum ent s and $ $ that Plaintiff may $ % enter # $ 77" < 7 %< ' upon ' Jose and Mary' s property to $ ! take possess on i and % " 5 remove $ % G collateral ; ( e) $ ! take % charge and * '' '' * *% * %$< $ B 8 *% * % 7 % public * % 5 '$ ! possess on i of livestock and prepar e $ " them for or *% 5 $ private ' G sale; and B (d) $ % ' otherwise % 5 recei ve 7 * '' '' 9 7% " $ paymen ts, rents, income, and % 5 ' reve nu es from the $ % collateral $ to ** < apply $ % towar d $ $ '' the indebtedn ess. % $' " * < "' $ $ : The : Two 4$ % Star 4 % $< Securit y - % " $ Agree ment ' also N*% '' < *% 5 ' express y l prov des i that $ the ' Jose and B ( 99. 10 11 % ] $ Mary C % < "hereby ' 7Y consent[] to the appoin tmen t 7 of ' such a % 5 % rece veri and ag ree[] $ not ** ' oppose < any ' such $ ** $" $ %< 12 ** $" $ C appointment." 1 OO. 13 *% 5 ' ' $ prov 7 Ther e is ' no Q $ adequate remedy at law $ to 7 % enforce the sion i s of $ the : Two : % % " < $ 14 Star 4 % $< Security Ag r eement and $ it ' is '' %< necessa ry that a % 5 % recei ve r be ** $ appoint ed $ to $ ! take * '' '' possess on i and 4$ % - % " $ 15 charge 7$ of the * %' *% * %$< personal prope rt y $ % collatera l and to conserve and " manage $ it * pendin g $ the ' sale % under $ the ' % 16 terms of the : Two 4$ % Star 4 % $< Securit y Agree mens,t and to collect < any and all ' such % $' rents, % 5 revenue, " income, $ $ - % " $' " ' $E$ 17 * and % other R$' benefits $ % 7 thereof pendin g ' sale 101 . 18 Unless a % 5 % receve i r ' is ** $ appoint ed by this Court $ to $ ! take possess ion 7 of , % care for, * '' '' '' 7 % < $ ' 19 # $ R and " manage and * % $ operate $ the * %' personal *% * < proper ty $ % collate,ral Plaintiff wi Il be materi ally prejudiced . *% W " $ % < 20 W % " " $ % < The perso nal *% * < proper ty $ % collatera l is ' in danger of being materially injur ed. % 7 : * %' 102. 21 +M E $ $ $ ' * %' $ Acco rdin y, gl Pl aintiff % Q '$' requests that this %$ Cour t ** $ appoint a % 5 % recever i pursuan t $ to - % < 22 the Two Star 4 % >5 Sec urity - % " $' Agreements , Code 7 5 of Civil #% % Proce dur e ' $ ' secti ons ) 9E 564, $ et. ' Q seq. , and $ the ' ' usages $ : 4$ % 23 $E Q $< of equity, $ to take on i and $% control C of , ' %5 conserve , manage secur e, " $ maint ain and *% $ $ protect $ the " , ' % $ ! possess * '' '' 24 *% $ $ person al property collate,ral to do all ' acts '' %< necessa r y$ to prot ect $ the ' said $ % collateral and preserve *% ' %5 $ * %'"" *% * %$< $ % 25 Pl anti i ffs rights $ % therein. % $' # $ 77' 26 ELEVENTH CAUSE 26 OF - :+21 ACTION />/ /1:D - 4/ 27 ? ' 1-50) (Injunctive Relief Defen dants and Does 0 7 Against - '$ All =42 - ? 7 $' B W 5 28 M E Pl ani tiff refers $ to Paragrap hs 1 $ % through 102, inclusive, and < by ' such # % % * ' % 7 %' ' 5 20 8 E "R > 1: B' RFRE:ER COMPLA NTI FOR OF R7 0@P E E CONTRACT ; B (2) / ->MD BREACH E OF EF0D WRITTE E>H1 N GUARANTY ; B8 (3) ,0/- D 26 620 (I) BREACH + =M+'ER % 205897 0v I I 1 8 03. +AF ++4 1728 373.01 B ;E B E FORECLOSURE ON PERSONAL COLLAT ERA L; ETC. #/0421-> PROPERTY #02#/0:A >E2>>- +E/0->; 620/ >24 0/ 21 20 reference incorporat es each $ allegation in paragraphs ' as thought fully ' $ set forth herein. $ ' * % % * ' % 7 % %* % $ ' those $ $ 7 < 7 %$ % 2 +U 3 104. 9 Plaintiff+: ' has no Q $ adequate % " < remedy $ at law $ to 7 % enforc e $ the N*% '' expr ess $ %"' terms, # "W condition s and prov sions i of the various docum ents ' '' discussed 5 above which enable a " $' 7 5 % ' loan *% 5 ' ' $ ' would $ $ ' % % % % 4 % 5 % recei ve r J to %%< carry $ out his or her $ ' duties regardin g the * %' *% * %$< personal prop erty $ % collateral, includin g, without 5 * '' '' 7 limita tion , % Q % requirin g the nts $ to $ % turn 5 % over possession of $ the * %' personal property collateral and ? 7 $' $ Defenda " $ $ *% * %$< $ % 6 all % $' rents, " income, profit ,s *% ' proceed , s and $ % other * <" $' payments % ' arising 7% " from $ " them to ve r. % 5 $ the $ recei *% R$' 7 105 . ) The loss of the % $' rents, income, ,s *% ' procee,ds and $ % other payments of " profit *% R$' : '' * <" $' 7 8 ? 7 $' %% * % irrepa # $ 77 ' Defendants' * % $ ' operation s would cause % $ great and rable injury $ to Plaintiff whose ' % $< securit y ' W %< 9 %" interest s % are in danger of being . Pecunia ry "* ' $ compensation 7 % for ' such '' loss will $ not 77 % af ford # %< % 7 harmed " % '$' 1O % 5 % adequate relief to # " 77 Plaintiff in $ $ that $ the ** $ appointed recei ver will $ not be Y able $ to preserve the full *% ' %5 $ % 7$ 5 7 value Q $ 11 7% " the * %' *% * %$< of the rents, " income, profit proceed,s and $ % other * <" $' payments from onal property $ % collateral C if 7 $ pers $ % $' *% R$',s *% ' 12 ? 7 $' % $ proper supervision 7 of Defenda nts ' operation s are not '$ %$ started ' soon. * % $ ' *% * % ' * ' 13 106. " For the foregoing reasons, and in aid E of the recei ve r, Plaintiff seeks a $ % 5 % 6 % $ 7 % % ' ' + # $ 77 now ' !' 14 H42 and $ Defenda ?2/4 1-50, ? 7 $' W $ * %" $ prelimin ar y W $ injun ction and perman ent injun ction '$ against the nts and DOES each *% " %< 15 of them, W enjoinin g them and $ % their % '* $ 5 respective $' agents, "* < G emplo yees, 7R $ ' af filiates % or representa tives, % *% ' $ $ 5 ' $ " 7$ " 16 7% " $ %7 % and/ or < anyone $ acting on $ % their 7 behal f , from interfe rin g $ with $ the recei ver , % $ < directly % or % $ < indirectly, in % 5 !" @ % 17 7 *% ' %5 $ the possess on, i maintenance, rvation and " " $ management of $ the persona l property collaetral and * %' " $ prese $ * '' '' *% * %$< $ % 18 $ % 7% " any % $' rents, income , *% ' proceed,s and $ % other payme nts % ' arising therefrom. * <" $' *% R$' " , profits < #0-A/0 PRAYER 19 20 21 22 WH EREFOR E, FD/0/620/ ank, N.A. prays jud gment and '$ against each 1 -- 0 ! # $ 77 Rabob $ %W " $ Plaintiff *% <' for Defenda nt ' as foll ows: 7 '; ? 7 $ ON :D/ THE FIRST CAUSE 26 OF - :+21 ACTION B- '$ (Against Triple and $' its Partn ers) 6+04: - 4/ :% * V # %$ %' 21 23 1.+ 24 (a) B General , economic, conseque la nti and $ incidental damages ' as foll ows: ' Q $ " ' 7 '; " & % E 2 D % @6 > "; ) 8I (8 I8 7 *% * On the d Loan : $2,386, 83093. of principa l $ '$ % together $ with " accrued $ Herd/Fee 25 E 2017 $ interest $ % '$ $ interest as 72 " % of October 19, of $26, 98.1 4,1 conti nuing $ to % accrue from and R % after 7% " 7[ (I +9 with $ % '$ ' 26 % $ October 1 ( 9, 2017 date jud gment ' is $ % entere d herein at the rate 7[)() of $595.71 per day. $ % $ until $ the $ $ W " $ * % < 2 $ % 27 28 (b) B "; On $ the Hei fer Loan: 8() (9 89( 9 7*% " $ $ % $5,949, 349.64 of principal together with accrued interest 2 % $ % '$ D 7 % $ 7E[BN) 8 ( as E of B ! October 19, 7 of $65,320 92, . with cont nui ng i to accrue from and 7$ % after 2 $ % October $ interest % ' $ % 7% " ' ( 201 T 40EFF+ 2058 970vl I 1Z E5 B Z 8 7373.01 28 21 Z BR7*" 1E E 620 ,0/- D 21:0- :G ,0/- D 26 COMPLA NTI FOR (1) BREACH 26 OF CONTRA CT; B (2) BREACH OF WRITTEN GUARANTY ; B8 (3) F0+::/1 & -0-1:AG " #/0421-+ #02#/0:A 2>>-:/0->; FOREC LOSUR E 21 ON PERS ONAL PROPERTY COLLAT ERAL ; ETC . /: 620/ >24 0/ 21 1 $ % $ 19, 2017 unti l the date judgm ent is ' $ % entered herein at the rate =E) 9I) 8 of $14, 85.32 per day ; % $ * % <; $ $ $ W " $ 2U 2. Speci al damages % accor din g to proo f $ at trial ; 4* " ' $ *% 7 $% G 3 8 3. +M% W " " Prejud g ment $ % '$ interest ' as allowe d < by law; G d> =+ 4 - '$ - :+21 (Agains / % ON :D/ THE 4/ 21? SECOND - 4/ CAUSE 26 OF ACTION t Edward and - April dba > Lone 4$ % Star % dairy) % 21 = 5 l. 6 (a) B E + Genera , l " economic, ' Q $ conse qu entia l and $ incident al " ' damages ' as 7 '; follows: & % On $ the Lone Star Line of Credit: $2, 987, 7.21 71 of principal , toge ther with 2 > 4$ % > 7 E% $; $ ) (I 7*% * $ $ % 7 accrued interest as E of 2 $ % Octob er 19, 2017 7[8 I( 9 of $31 8, 90.74, with interes t $ continuin g $ to % accrue from and % $ $ % " 7% " $ % '$ ' ( T2+ 8 $ $ $ % $ 7$ % * % < after 2 $ % October 19, 2017 until the $ date W " $ jud g ment ' is $ % entered % herein $ at the rate 7[ ) of $725. 71 per day. ( (b) B 9 On the > 4$ % Star Term : %" Loan: $110, 000 B B B 7*% * of principal , toge ther $ with % accrued $ Lone > ; [ 2 $ $ % 1O 74 9 8 interest ' as 2 % of October 19, of $117, 4.1 3, $ % '$ +( 2017 11 $ W " $ $ October 19, 2017 unti l the date jud gm ent is ' $ % entered herein at $ the % $ rate ZE4 of $26. 70 per day; % $ 2 $ % * % 22 l.+ 23 (a) On the Star Li ne 7 E% $; of Credit: $2, 987, 7.71(I 7 of principa , l toge ther with Lone > $ $ % > 4$ % [ 21 *% * $ B 2 24 RE" interes $ % '$ accrued $ % '$ interest ' as 7 of 2 $ % Octob er 19, 2017 of $318, 90.74, t $ continuin g $ to % accrue from and " +( I( 9 with 25 after 2 $ % October 19, 7$ % F + 201 7 $ until $ the $ W " $ date jud g ment ' is $ % entered herein at $ the % $ rate 8 ) of $725.1 7 per * % day. % $ < > ; [ > 4$ % (b) On $ the Lone Star : Term Loan: $11000 0, 7* * of princi pa , l together with accrued $ $ % $ % B 2 26 27 interest ' as E2 $ % of Octo ber 1 ( 9, 2017 2D4 ofl, $1 $ % '$ 28 2 $ % Octob er 1 _ 9, 201 7 until the W " " date judgment ' is $ % entered herein at the rate 7 ! of $26.70 per day.;;G; % ; % $ * $ < 9 74.1 3, 8 $ with i $ % '$ nteres t $ " conti nuin g $ to % accrue 7% " from and R % af ter + "'"" 1 /D 2058970lv / 1728 01373. 22 8 COMPLNT AI FOR OF > 21M+ 0- :; CONTRACT; B (2) BREACH OF F0+::/1 WRITTEN & -0-1: A GUARANTY; B (3) 620 (I) BREACH ,0/- D 26 2 #>-+1: ,0/- D 26 FOREC LOS URE ON #/0421-> PERSON AL #02#/0:A PROPERTY 2>>-:/0->; COLLATERAL ; ETC 21 /: . 620/ >24 0/ 22 E B 1 2. Special " ' damages % accordin g to proof 8K at trial ; 4* *% 7 +% G 2 3.8 M% W " $ Prejud gm ent $ % '$ interes t ' as allowe d by G < law; +N - :+21 ON :D/ THE FIFTH CAUSE 26 OF ACTIO N B- '$ (Again ts :% * Triple V and $' its # %$ %' Partners 21 6+6:D - 4/ 3 > l. 4 Adjud ging $ $ that all % $' rights, "' claims, %' * ownership , ' liens, $ $ ' titles, and " ' demands 7 of - W 5 Defenda nt :% * Tripl e V and all $ % otherd 7 $' ef endnta " concernin s g the Triple V * %' personal proper ty $ % collateral $ :% * ? 7 $ *% * < 6 are subsequent to and ' W $ subject to the lien 7 of $ the :% * Tripl e V 4 % $< Securit y Agreeme nts; $ $ - % " $'; % ' ' Q $ $ 7 2. $ - W * %' Adjud ging $ $ that the lien 7$ of the persona l property collateral be foreclose ,d 7 % ' *% * < $ % 8 that the * %' personal prop ert y $ % collateral be sold % accordin g $ to law < by a 5< levying 7R % of ficer to appointed $ $ $ ' $ be ** $ *% * %$< 9 *% ' $ ' ** by $ the %$ comi $ $ that , $ the procee ds 7 of the sale be appli ed in * <" $ payment E of the " $' amount s due $ # $ 77 to Plaintiff , < 1O that nts and all persons claimin g und er ' each such 7 $' defendan,ts 7$ % af ter N $ execution 7 of % ? 7 $' * %' ' " $ $ Defenda 11 # $ 77E' " % " $E % $ % * % ' % Pl aintiffs ' liens, $ % whether ' as lien claimant, W " $ jud gme nt credit or , purc haesr, lienholder, or $ % ' otherwi se, 12 $ % '$' in 7 % ' be and forecl ose d 7% " from all ri ght ,s "' claims, interests the *% * % < property and 5 %< every part of the barred $ %% % $' * %$ E 13 : * V Triple perso nal property collateral; * %' *% * %$< $ % G 3. 8 14 ? 7 $' Adjud ging $ $ that Defenda nt s Edward, April, ? 5 David, Terra and Mary - W / % -*% : %% Dimas ? " ' %< 15 + % * for Jane % are * %' < personally liable payment 7$ of the "' obliga tions ' % secur ed < by the ple V la prope rty 7 % * <" $ $ Tri person * %' *% * < 16 % % collateral , and $ $ that a R 4 % ? %5 + l. Adjud ging $ $ that all % $' right ,s "' claims, 55 %' N* ownership , ' liens, titl es, and " ' demands 7 of - W $ $ ' 22 / % Defe ndants Edward and -*% Apr il and all $ % other 7 $' defe nd ant s % concerning the e 4$ % Star * %'"E" personal prope ty r ? 7 $' $ Lon > *% * % < 23 % ' W $ to $ > 4$ % " collaeral t are ' ' Q $ subseq uent $ to and subject the lien 7 of the Lone Star 4 % $< Security Agreemen ts; - % " $'; 24 2. $ $ $ - W Adjud nggi that the lien E%E$ of the perso nal property collaeral t be oes d,l * %' forec 7 % ' *% * % < $ % **"" 25 * "E" $ $ % that $ the pers ona l *% * % < proper ty collateral be ' sold % accordi ng to law < by a 5< levyi ng offic er $ to be appointed 7R % 26 by the court, that of the ' sale be applied in ment 7$ of the " $' amount s due $ to Pl antiff i , ** pay + %$ $ $ the B proceeds *% ' 7 # $ 77 * <" $ < 27 $ / % * %' ' " " % that Defe ndanst Edwa rd and -*% Apri , l all $ % other 7 $' defendants , and all persons claiming under ' each such ? 7 $' 28 # $ 77E' $ % ' defendants , after N $ execution 7 of Pl ainti ff s ' liens, whether as li en " $ W " clai mant, jud gment % $ % credi tor , 7 $' $$ % +24FD + 2058 970vl I ,: DTD 17373.01 28 23 8 " 23 7 R & -0-1:A 620 ,0/- D B S COMPLA NT I FOR B (1) ,0/- D BREACH 26 OF 21:0- :G CONTRA CT; B (2) BREACH OF F!Y WRITTEN GUARANTY ; (3) 2 #>-+1: 620/ >24 0/ FORECLOSUR E21 ON #/0421-> PERSONAL #02#/0:A PROPERTY 2>>-E 0- COLLATERAL ; ETC. /: ; 8 + % ' %% P"" purcha se r, % lienhold er , % or $ % ' otherse, wi be barred and foreclose d from all % $' rights, "' claims, $ % '$' interests in * % ' % 2 E9 * %' > 4 % * %$ $ $ the property and 5 N< every pait of the Lone Star persona l prop erty $ % G collateral ; $ *% * % < *% * < 3 8 3. > ? 7 $' -*% % 7 % Adjud ging $ $ that Defenda nt s Edward and April are pers onally liable / % for - W * %' < 4 * %' > 4$ % payment 7 of the obligation s ' % secur ed by the Lone Star person al property collateral , and $ $ that a $ $ ' *% * < $ % * <" $ < $ 5 *% ' deficiency jud gm ent may be % % 7 ordered following procee din gs *% ' % prescrib ed < by law; W " $ G R < " < + 6 7 8 9 4. +M $ # $ 77 % * % ' % " Permittin g Plaintiff or < any * % ' parties $ to $ ' this $ action $ to become a purch ase r $ at $ the foreclosur e ' G sale; 7 % ' % 21 4/ /1:D ON :D/ THE SEVENT H - 4/ CAUSE 26 OF - :+21 ACTION B- '$ (Against ' Jose and %< Mary dba : Two 4$ % Star Dairy) ? 9 + l. Adjud ging $ $ that all % ' rights, "' claims, %' * ownership, liens, $ $ ' titles, and " ' demands 7 of - W ' 1O ? 7 $' * %' Defend ants ' Jose and %< Mary and all $ % other " defe ndants % concernin g " the : Two 4$ % Star persona l propert y *% * %$< 11 7$ collateral % are ' ' Q $ subsequent $ to and ' W $ subjec t $ to $ the lien of the Two 4$ % Star 4 % $< Securit y Agreeme nt ; $ % - % " $G : 12 2. Adjud ging $ $ that $ the lien 7 of the * %' personal prope rty $ % collateral be foreclosed, - W 7 % ' *% * < 13 that $ the * %' personal prop ert y $ % collaetral be ' sold % accordin g $ to law by a 5< + levying 7R % of ficer $ to be appoint de ** $ $ $ *"* < < 14 $ *% ' by the %$ court, $ $ that the procee ds 7 of $ the ' sale be ** applied " in * <" $ payment 7$ of the " $' amount s due $ to Plaintiff # $ 77 , < $ 15 that nts Jose and %< Mary, all $ % other 7 $' defe nda nts, and all * %' ' " persons claimin g under each such ? 7 $' ' % ' $ $ Defenda % # $ 77 ' ' W " $ 16 7 $ defendant, af ter N $ exec ution 7 of Plaintiffs liens, $ % whether ' as ] lien " $ claiman,t jud gm ent % $ % creditor, 17 7 % ' 6% " pur chase r, % lienholder , % % ' or otherwi se, be E barred and foreclose d from all % $' rights, "' claims, $ % '$' interests in * % ' % 18 $ M the prop erty and 5 %< every pait of the Two 4 % Star * %' *% * %$< personal property % G collateral; * %$ 7 *% * %$< 19 8 3. Adjud ging that Defenda nts ' Jose and Mar yare person ally liable for $ $ ? 7 $' 7 % payment - W * %' < %< % * <" $ 20 $ $ of the obligations secur ed < by $ the : Two 4$ % Star * %' personal property $ % collatera , l and that a R < deficiency 7 ' % B " ' *"* < 21 jud g ment may be % % ordered foll owi ng proceed ings *% ' % prescr ibed < by G law; *" %G 7 W " $ " < 22 4. 9 23 7 % ' % foreclos ure sale; ' G 24 # $ "E M $$ Permittin g Plaint ffi or ;"< any * %$ ' parti es to this $ action $ to " become a pur chase r $ at $ the $ $ ' * % ' % :% * ON :D/ THE EIGHTH CAUSE 26 OF - :+21 ACTION B- '$ (Agains t Triple V, Edward, /+&D:D - 4/ 21 / % ? " ' Dimas and Mary Jane) %5 " 25 26 27 28 April, David, Terra, -*% ? 5 : %% + l. That $ the Cour t $ % enter an B % % order ** $ appoingnti a % 5 % recever i , $ to $ ! take possession and : $ * '' '' " * %' *% * %$< :% * 4 % $< control 7 of the :% * Trip el V personal property % collatera l ' % descr ibed in $ the Tri epl V Securit y Ag reeme tns $% - % " ' " BC: * BE % ZC *% $ $ ("Tri epl V Collatera l"), to " ' %5 conserve , ' % secure, " $ maintain, manage protec t ' said :% * Tripl e V Collatera , l " and $ "> " " ' )""; 205897 0vl I 1728 373.01 24 9 1 + B 2 +E+ COMPLA NT I FOR (I) BREACH >RE 1 + 0- :; OF CONTRACT ; B (2) ,0/- D BREAC H Z; OF F0+:7/1 WRITTEN & -0-1+ GUARANTYAG ; B8 (3) 620 B+:/ @ ] #02#/0 + A 2>>- + /0->G ON PERSONAL COLLATERAL ; ETC. ""' "; 1 #/0421-> PROPERTY 620 FORECLOSURE ;E BE 24 9 1 and $ collect < any and all rents , " income, profit d,s and $ % other payment s R5 derive d $ % 7% " therefrom , *% ' *% R$',s procee % $' * <" $' 2 9 pendin g forecl osur e und er $ the E % * Tripe l V Securit y Ag r ee m ent s; 7 % ' % % 4 % $< * - % " $'G That $ the %$ Court $ % enter W " $ jud gm ent % $ dir ec tin g Defenda nts :% * Triple V, Edward, : $ ? 7 $' / % 2. 3 -" 4 April , David, Terra Di m as and Mary Jane and < anyon e in * '' '' possess ion 7 of the Tripel V Collatera l $ to ? " ' $ % ? 5 E : %% -*% $ :% * %< 5 delive r * '' '' possess on i 7E' of said :% * Tripl e V $ % Collatera l $ to $ the % 5 %G receve i r; 5 % ,, 6 6 % For an % % order % decreeing $ $ that ? 7 $ Defe ndant :% * Tripe l V and $' its % '* $ 5 respective % general .) . 8 B 7 " $ * %' and limit ed par t ners, 27R %' officers, direct ors, $' agent s and "* < ' emplo yees , and all other persons with $ actual % or % $ %' $ % * %' ' $ 8 '$% $ 5 ! constructve i knowl edge of this % % order and $ % their $' agents and "* < ' empoyees l , @ % and/or < anyone $ acting on ' his 7$ ' 9 behalf: except , ! Bank , ' shall $ ! take ' such ' actions and turn over " $' docum ents and $ the :% * Tripl e V Collateral 7Y N *$ $ % 5 % $ % 1O % 5 % to $ the recei ver in % accordance wi th $ the % % order ** $ appointin g $ the % 5 % recei ve r. $ : $ * '' '' $ % That $ the % 5 % rece ver, i after $ ! takin g possess ion 7 of $ :% * the Tripl e V $ % E Collat,eral be 11 4. 9 12 permitt ed $ to do $ the foll owing: 7 ; * %" $$ 13 (a) B ? 7 $' /N Defenda Exclude nt s :% * Triple V, ra Dimas : %% / % April ? " ' ? 5 Ter -*% , David, Edward, 14 and Mary Jane, or < anyone " claimin g under or $ % throu gh them who ' does $ not 5 have a valid lease % or % % $ " " % 5 ' %< 15 $ % 7 % * '' =)8" :% * % $ * '' '' renta l % " $ agreement for possess on i 7$ of the Tri pl e V Collatera , l % or < any * %$ portion $ % 7 thereof , 7% " from possess ion 16 of the Coll atera , l or < any * %$ portion $ % 7G thereof; $ Triple :% * V $ % % 7 17 (b) B Use, operate , " manage , and $% control $ the Tri pl e V Collatera ; l ' * % :% * $ % G 18 B> (c) Care for, preserve , and maint ain $ the :% * Tripl e V $ % ; Collatera l; % " $ 7 % *% ' %5 19 (d) B % Incur all N* ' ' expenes s necessary for $ the % E care, preserva o,tin and '' %< 7 % *% ' %5 20 $ % G maintena nce of $ :% * the Tri pl e V l; " $ 7 Collatera 21 (e) B Demand, $ collect and % 5 rece vei < any % $' rents, " income, profits , procee ,ds ? " *% R$' *" ' ( 22 and $ % other * <" $' paymenst due from the date 7 of Defenda nt s Tripl e V, , l David, $ $ ? 7 $' : %% Dimas ? " ' 7% " :% * -*% Edward, / % Apri ? 5 Terra 23 $ ' % and %< Mary E' Jane' s defau st l or hereaft er " comin g due in $ connec tino $ with $ the Tri pl e V $ % Collat,eral or % 7$ % :% * 2+ J BU > * %$" 24- < any por tion thereof ; $ % 7G PJ 25 26 27 28 (f) B : % $ To rent % or lease me to time < any part of the :% * Triple V + ' from 6% " ti$ " $ $ " * %$ 7$ (g) Bring ut e all *% * % proper $ ' actions 7 % for collection * <" ' of payments *% ' $ ,% and prosec Collateral; $ % G B)G Coll $ :% * % $ % *% ' $ due on the Tripe l V aeral t and $ to bri ng and prosecute all prope r $ ' actions for oncti of *% * % 7 7 % the $ prote *% $ $ )""Y 2058970lv I + 8 8 +++ I 1728 373.01 25 5Q F0+ +E:61 2 #>-+1: ,0/- D 7 :$:A,0+ @+ + COMPLA NT I FOR( ) ! BREACH % OF 21:0-= :G CONTRACT; (2) BREAC H ; OF WRI TTEN & -0-1:A; GUARANTY; (3) B B8O #0B #+P0 +EA -ED 0->; ON #/0421-> PERSONAL PROPE RTY " COLLAT ERAL; ETC "" "' % 21 /: . D LOS FOREC UR E 25 ) % 5 % * '' '' the Tripl e V Collat eral % or $ to recov er possess ion thereof ; N :% * $ % $ % 7G (h) 2 B : "* < To emplo y $' agent s % or empl oyees to , income, s, $ collect ' rents $ said % $' *% R$' "* < ' " profit 3 *% ' $ % payments " $ $ % ! * $ same ' " insur ' % procee ds and other the :% * Tripl e V Collateral , and keep the ed and in * <" $' , manage 4 $ ' " good % * % repair, if E$ the rece ve i r ' shall " deem the same necessa r y, and able value of % 5 % to $ pay $ reason 7 said ' % ' 5 '' %< * < the 5 ' %5 ' $ serv ces i out 7$ of the % *$'; rece ipt s; > (i) B 6 7 $ the connection above- r efe r ence d $ 'G duties; and $ 5 =% 7 % $ with (j) 8 9 $ ' refe % 7 %% $ in * %' All other pow ers and duties rr ed to compl aint , togethe r this $ ' "* $ - $ % $ $ % $ % 5 %E' $ %%< with all $ % other * %' powers reaso nably necessa r yto carry $ out the receve i r's duties and ibiliti es. $ ' % '* ' $ ' $ respons % ' < '' %< 10 11 * ! $ rece To open up bank $' acco unt s ' as deemed ry by vei r in " necessa % 5 % : * '' %< < the 5.) For costs and expenses incurr ed < by $ % 5 % the rece ver i in ance of the %% the N* ' ' 6 % '$' $ perform * %7 %" % 5 % ' % 5 %E' $$ % Star - :+2 " '$ ? %< 16 l. That the Comi enter an % % order appointin g a recei ver, to take possess ion and ** $ * '' '' $ $ ! $ % : $ $ %$ % 5 % 17 control $E$ of the Lone Star personal propert y collat era l ' % desc rib ed in the e 4$ % Star Secur ity $ % $ Lon > 4$ % > * %' *% * %$< $% 4 % $< 18 BC> Star Ag reement ("Lone Collatera l"), to conserve , ' % sec ur e, maint ain, manage and protec t ' said Lone *% $ $ > 4$ % $ % C $ ' %5 " " $ - % $ 19 Star $ % Collatera , l and ec t < any and all % $' rents, income, , procee d, s and *% R$' $ % payments " profits other *% '; coll $ 4 % * <" $' 20 derived $ % 7% " therefro m, pendin g fore closur e under the Lone Star Securit y Agr eements; % $ > 4$ % 7 % ' % - % " $'G 4 % $< * B % 5 21 2. That jud gm ent directin g Defenda nts Edward % $ -*% and ? 7 $' " % W " $ %$ enter / % and April : $ the $ Comi 22 E' anyone " in possess on i 7 of $ the Lone Star $ % Collatera l to deliver possess on i of said Lone ateral * '' '' > 4$ % $ % > Star 4$ % Coll * '' '' " B 5 % < 23 to the ver; $ $ recei % 5 %; 3. 24 9O For an order decreeing that nts Edward April and / % and $ % agents % % % $' ? 7 $' 6 % $ $ Defenda -*% their 25 and "* < ' empl oyees, and all other with actua l % or constru ve cti knowl edge of r 7 this % % and $ % '$" 5 ! "5 $ $ ' order * %' ' $ thei $ % persons " 26 age nts and empl oyees , @ % and/or < anyone $ acting on their f , N *$ exce pt Bank, such action s $ % behal $ ! ' $ ' ' take , ! shall "' 7 "* < ' 27 and turn over " $' doc uments and the Star Coll ateral to ver in accordance wi th the r $ the $ recei % 5 % $ orde % % $ % $ > 4 % $ Lone % $ % B % 28 appointing $ the rece ver. i % 5 % ** E+>4DE +++ + 205897 0v 1 / > C 1728 373.01 +L 26 E " F0+ +C+E " +A+:-+1 + COMPLAlNT FOR (I) P/0+/- ED BREA CH % OF 21:0- :G CONTRACT; B (2) ,0/- D BREACH % OF WRI TTENX 1 GUAR ANTY ; (3) & -0-1F 620V FORECLOSUR E ON PERSON AL PROPERTY COLLATE RAL ; ETC. >E2>>-:/0-> D 0/ >?4 0$ 21 #/0421-> #02#/0:A 6+& 26 4. 9 1 2 * ' '' : $ > 4$ % Th at $ the % 5 Y; receve i r, 7$ % after $ ! taking possess ion 7$ of the Lone Star $ % Collatera , l be 7 ; permitt ed $ to do the $ follo w in g: * %" (a) B 3 ? 7 $' / % /N Exclud e Defendant s Edward and Apri , l % or < anyon e " claimin g und % er % or -*% 4 5 7 % possess throu gh him who ' does $ not hav e a 5 ' valid lease % or % $ rental % " $ agree ment for ion $ $ of the > Lon e 4$ % Star * '' '' $ % " 5 $ " * '' '' * %$ $ % 7 Collat era , l % or < any portion ther eof , from on i of $ the > Lon e 4$ % Star $ % Collatera , l % or < any portion 7% " possess 7 * %$ 6 $ % 7G thereof ; 7 (b) B > Star Use opera et, " manage , and $% contro l $ the Lone Collat eral; 4$ % $ % G ' , * % $ 8 ( c) B % " $ $ *% ' %5 Care 7 % for, prese rve, and maintain the > Lone 4$ % Star $ % ; Collatera ; l 9 (d) B + % 7 % $ Incur all N* ' ' expenses '' %< necess ar y for the % care, prese rvation , and *% ' %5 $ > 4$ % $ Lone 1+ O " $ maint enance of the Star $ % ; Collatera ; l 7 (e) B 11 ? " Demand, $ collec t and % 5 receve i any % $' rents, " incom e, *% R$' profit ,s *% ' procee d,s < 12 -*% ' ? 7 $' / % and oth er * <" $' pay ment s due from the $ date 7 of Defe ndant s Edwa rd and April' s 7 $' defa ult s % or % R % herea fter 7% " $ $ % 13 % comin g due in $ conn ection $ with $ the > Lon e 4$ % Star $ % Collatera , l or < any * %$ portion thereof % 7G ; " 14 15 (f) B+ 7% " $ " ' from : % $ $ " < To rent % or lease time $ to time any * %$ part 7 of $ the Lon e 4$ % Star > (g) B Brin g and *% ' $ prosec ut e all *% * % proper $ ' actions for collection 7 of payment s 7 % $ ,% * <" $' Collatera ; l $ % ; 16 *% ' $ > 4$ % 17 due on $ the Lone Star $ % Collatera l and $ to % bring and prosec ut e all *% * % prop er $ ' actions 7 % for $ the prot ec tion 7 of *% $ $ * '' '' 18I the Lone Star $ % Collatera l % or $ to % 5 % recove r possess on i thereof ; > 4$ % $ % 7G ( 19 (h) B To empl oy $' agents % or "* < ' empl oyees to collect ' said rents , " income, *% R$' profits, : "* < $ $ % "'E > 4$ % " $ $ % ! * $ 20 procee ds and $ % other pay ment, s manage the Lone Star Collat e, ra l and keep the ' " same ' % insur ed and in *% ' * <" $' 21 goo d repai r, if the recever i shall deem $ the ' " same '' %< necessa ry, and to pay the % ' reas on able 5 value 7 of ' said ' " % * % 7$ % 5 % * < $ 22 servi ces $ out 7 of $ the % *$'G receptsi; ' %5 ' (iB ) 23 24 connec tion $ with $ the 5 =% % above- refe ernce d '; duties; and $ 25 26 U) BW % 7 E All other powe rs and $ ' duties referre d $ to $ ' in this "* $ compl aint , $ $ % toget her * %' - $ % % 5 %E' with all $ % other pow ers % ' < reasonably nece ssary $ to %%< carr y $ out $ the rece ver' is duti es and respo nsibiliti es. $ ' * %' % '* ' E ' '' %< $ 27 28 * bank ! $' To open up acco unt s ' as " deemed necessary the % 5 % recevei r in : * '' %< by < $ 5.) 6 % '$' For costs and N* ' ' expe nses %% incurre d < by $ the % 5 % recever i in $ the * %7 %" perf orm ance 7E$ of the X % 5 %E' % 5 %E' rec ver ei s' $ ' duties, includ ing $ $ without " $ limit ation, recei vers' fees and charges and % M4 27 ( COMPLAI NT 620 FOR B+ (I) BREAC H OF 1 0- :G CONTRACT; B (2) BREAC H 26 OF F0 +:+ WRITTEN GUARANTY ; B8 (3) ,0/L/D ,0/- D /1 & -0-1:A; 2 #>-+1: # ;0421-> #02#/0:A FORECLOSUR EB 1 ON PERSONA L PROPE RTY BE >>-:+=0->G COLLATERAL; ETC. 620/ >24 0/ /: . 27 6. 1 2 + % 7 % $ R$ 7 6 % ' " $' , ! may For such amount s ' as Bank adva nce, if 7 < any, to or for the benefit of " < 5 $ Lone Defe nd ant s Edwar d and Apr il @ % and/or the Star $ % Collatera l. > 4 % / % -*% ? 7 $' 3 4 - 4/ OF - :+21 (Agains : Star 4$ % Dairy) :/1:D CAUSE 21 26 ACTION ON :D/ THE TENTH t ' Jose and Mar y dba Two B- '$ ? < l. 5 % % $ take % 5 % ** $ $ Comi $ ! possess * '' '' That the order appointin ga rece ver, i to on i and $ % an : $ %K enter 6 : 4$ % $ % : 4$ % $ Two $% cont rol 7 of $ the Two Star personal prope rty collat era l ' R describ ed in the Star 4 % $< Securit y * %' *% * %$< 7 0 *% $ $ ' " ' % Agree m entBC: ("Two 4$ % Star BE ! % ^ Collatera l" , ) to conserve , secur e, mai ntain, manage and prot ect said RJ " $ $ ' %5 - % " $ 8 other $ % pay all % $' *% ' Cattl e Coll ateral, and $ collec t < any and rents, incom ee ds, and ments *% R$' s, proc " e, profit * <" ' $$ 2 " % : Star 9 % 5 deri ve d $ % 7% " therefro m, pendin g foreclos ur eund er the ur ity Agree ment ;s % 4$ % Sec - % " $'G $ Two 4 % $< 7 % ' % * 10 2. W " $ Mary ? 7 $' That Cour t $ % enter jud g ment % $ direc tin gDefe ndants ' Jose and : $ the $ %$ %< and 11 anyon e in on i $ of the C C Two 4$ % Star $ % Collatera l to possess ion of ateral 5 % * '' '' $ deliver 7 said : Star 4 % Coll % ' Two < * '' '' possess 12 to the % 5 %; recevei r; " $ 13 8 3. 8 For order % decree ing that nd ant s Jose and Mary r agents ' $' and $ % thei ? 7 $' % % $ $ Defe 6 % an %< and % " '$% $ 5 7 this their 14 empl oyees , and all $ % other perso ns with constru ctive know edge l of $ % $ ' order * %' ' ! % % and $ actual $ or 9 "* < ' 15 age nt s and "* < ' empl oyees , @ % and/or < anyone actin g on their f , N *$ exce pt Bank , shall take such s $ $ % behal ' $ ! $ ' ' action , ! 7 $' 1+ 6 and $ % turn 5 % ove r " "' document s and Star $ % Collatera l to the receve i r in nce with : 4$ % $ $ % 5 % accorda $ the ]% =8% % the $ Two $ order 17 appoint ing$ the % 5 % receiver. ** $ 18 19 4. 9 That the veri , 7$ % after tak ing possess on i of the Two Colla,tera l be * '' '' : Star 4$ % $ % $ ! 7$ : $ $ rece % 5 % permi tte d$ to do $ the foll owing : 7 ; * %" $$ (a) B 20 "E Excl ud e Defe ndant s Jose and Ma ry , or claimin g under /N ? 7 $' ' % anyone % or < " %< 21 throu gh them does not have a valid lease % or rental agree ment 7 % for possess on i of : Star * '' '' % $ % " $ $ Two 5 ' 4 % 5 7 the $ " who $ % ' 22 Collatera , l % or < any por toni thereof oni 7$ of the Two Star $ % Collatera , l or any portion : 4$ % % < * '' '' * % 7% " possess $ % 7 ,from * %$ $ % 23 thereof ; $ % 7G 24 (b) B Use , * "$ operate ,manage , and $% control $ the Two Collatera l; 4$ % $ % G " : Star ' 25 (c) B Care Star $ % ; Collatera ; l maintain $ Two : 4$ % *% ' %5 ,and " $ the 7 % preserve % for, 26 (d) B Incur all N* ' ' expenses necessary tio n, and 7 % the $ care, + % *% ' %5 $ % preserva '' %< for 27 mainte nance of the Two Star Coll atera l; : 4 % $ % ; " $ 7$ (e) B 28 + 'N " 2058 970vl I ^ I 17373.0 28 1 Demand collect and vei < any rents , income ,s proceeds rece % 5 % ' " "" ,profit *% ' , ? " "> , $ *% R$' 28 I " -M+MF++ 0 COMPLA NT I FOR (IB ) BREAC H % OF 21:0- :G CONTRACT; (2) H 26 OF WRITTE N & -0-1:A GUARANTY ; (3) % ,0/- D ,0/- D F0+::/1 + #; B BREAC FORECLOSUR E21 ON #/0421-> #02#/0:A PERSONAL PROPERTY COLLAT ERAL; ETC. BE2>>-:/0-> /: 620/ >24 0/ 28 I 1 and $ % other payments due 7% " from $ $ the date 7 of ? 7 $' Defendant s ' Jose and Mar %< ' s y' 7 $' default s % or herea ft er " comin g * <" $' % % 2 $ $ $ due in connection with the : Two 4$ % Star $ % Collateral, % or < any portion thereof; * %$ $ % 7G ! 3 4 (f) B : To % " rent % or ' lease 7% " from $ " tim e $ to $ " tim e < any * %$ part E$ of the Two Star : 4$ % (g) B ,% Brin g and *% ' $ prosecut e all prop er $ ' actions for collection 7 of payment s *% * % 7 % $ * <" $' Colla teral ; $ % G 5 6 due on $ the : Two 4$ % Star $ % Collat eral and $ to % brin g and prosecute all prop er $ ' action s for the *% $ $ prot ection 7 of *% ' $ *% * % 7 % $ 7 the : Tw o 4 % % StarCollatera l % or to recove r * '' '' possess ion $ % 7G thereof ; $ $ % 5 % 8 9 (h) B : To "* < empl oy $' agents % or "* < ' emplo yees $ to + collect ' said % $' rents, " incom e, profit s, *% R$' $ : proceeds and $ % other payme nts, " manage the Tw o Star Collatera , l and ! * keep the same ' % insured and in 4$ % $ % *% ' $ ' " * <" $' 10 ' " $ ' " good repair, 7 $ if the % 5 % recei ve r shall deem the same '' %< necess ar y, and $ to pay the reasonable ue 7 of ' said % * % % ' val 5 * < $ 11 servi ces $ out E of the s; ' %5 ' $ receipt % *$'G 12 13 (i) B conn ection $ with the above- refe ren ce d $ '; duties; and $ $ 5 =% % 14 15 U) BW 5. ) For costs and N* ' ' expenses %% incurr ed by receiver in the ce E$ of the $ % 5 % $ performan * %7 %" 6 % '$' < the % 5 % ' recei ve r's $ ' duties, includin g without , % 5 %E' receiver's fees and % ' charges and $$ % / /1:D ELEVENTH - 4/ CAUSE 26 OF ACTION (Agains t all ? 7 $' Defendants ) - :+21 B- '$ 21 20 21 l. For a preliminar y injunction and permane nt W $ injun ction W enjoinin g the 6 % W $ * %" $ $ *% " %< 22 Defend ant s and each 7 of $ " them, incl udin g their agent,s "* < ' employees , 7R $ ' af filiates % or % '* $ 5 $' $ % respective ? 7 $' 23 7% " $ %7 % represe nt atives, @ % and/ or < anyone $ actin g on $ % their 7 behal f , from interferin g $ with the recei ver, % $ < directl y % or $ % 5 % % *% ' $ $ 5 ' 24 indir yect , l in $ the * '' '' possession , " $ maint en ance, preserva tion and man age ment 7$ of the :% * Triple *% ' %5 $ " " $ % $ < 25 Collateral, > Lone 4$ % Star $ % Collat era , l Tw o 4$ % Star $ % Collateral and < any rents income, profit s, *% ' proceeds , and % $', " *% R$' $ % 26 other payment s % ' arising under Tripl e V Securit y - % " $' Agreement, s Lone Star 4 % $< Securit y Agreem ent , % the $ :% * 4 % $< > 4$ % $ % - % " $ * <" $' 27 : - % " $ and Tw o 4$ % Star 4 % $< Securit y Agree m ent. 28 @@@ /// V : + 4LE1+F 8 I 2058970vl @ I Y 17373. 0128 + 29 ( MC M2 #>-+1: COMPLAI NT FOR (I) BREACH OF 21:0- :G CONTRACT; B (2) BREACH OF F0+::/1 WRITTEN & -0-1:AG GUARANTY ;B8 (3) ,0/- D 26 620 B ,0/- D 26 FORECLOSURE 21 ON #/0421-> PERSONAL PROPE RTY 2>>@J:/0->; COLLAT ERAL; /: ETC. 620/ >24 0/ #02#/0:A 29 ( 21 ALL ->> - 4/4 ON CAUSES 26 OF - :+21 ACTION 1 2 l. 7 ' ' -$$ % <' fees Attorneys as allowe d < by law; G 3 2. 6 % '$' %% For costs incurre d % G herein; and 4 8 3. % 7 6 % ' ' $ %$ deems "' ju W '$ *% * % For such $ % other rel ief as the Court st and proper. 5 6 ,-./0 -12 . 3 /14/1 # , BAKE R MAN OCK & JENSEN , PC 2017 ?-:/?; 1 5 " % DATE D: Nove mbe-r -1_ 7 ,< J222 1 8 & # $ % . Fashing 6 ' Peter # $ 77 RABOB 7 % Plaintiff 1 - Attorn eys for ANK ,N. A. 0-,2,-1. - " <' 9 10 11 12 8 13 9 14 ) 15 16 17 I 18 ( 19 20 21 22 8 23 9 24 ) 25 26 27 I 28 )I( 5 2058970v l @ / ^8 8 I 17373.0 28 1 30 8 620 ,0/- D F0+::/1 2 #>-+1: COMPLA NTI FOR B+ (I) BREAC H 26 OF 21:0- :G CONTRA CT; B (2) ,0/- D BREACH 26 OF WRITT E N & -0-1:AG GUARANTY; (3) B8 #02#/0:A 620/ >24 0/ /: FOREC LOSUR E 21 ON #/0421-> PERSONAL PROPE RTY 2>>@J:/0->G COLLAT ERAL; ETC. 30 82 TRIPLE :0+#>/ V DAIRY, 1 - v. RABOBANK, 0-,2,-1. N.A. ?-+0A et $ al 6% ' County 4 * % % Court Fresno %$ $< Superior /N $ : "* $ for 7 % B ,% Of 27 Contract; Exhibit Table $ to Complaint ( 1) Breach ,% Of $% $G (2) 27 Written F% $$ Guaranty; & % $ of Herd/Feed Credit 1 $ Note 7 % $ -" " $' to - % " $ (4) Amendments $ Herd/Feed D % @6 Agreementi B9 Herd/Feed (4) D % @6 Loan > Extension /N$ ' Letters > $$ %' B9 (@I@ 9/8/17 letter 7% " Bank , ! to $$ % from $ Triple :% * V re % no further 7 %$ % extensions N$ ' ' to the Herd/Feed Loan $ $ D % @6 > D 7 % Credit Heifer % $ Agreement - % " $ D 7 % Line > of 7 % $ Heifer Credit Note 1 $ -" " $' Amendments Herd/Feed Credit (3) D % @6 % $ B8 Heifer Extension Letters 4) D 7 % Loan > /N$ ' > $$ %' (B9 (@I@ letter $$ % from 7% " Bank 9/8/17 7 %$ % extensions , ! to $ Triple :% * V re % no further N$ ' ' 7 % the for $ Heifer D 7 % Loan > Herd/Feed 4 % $< Security Agreement D % @6 - % " $ = filed UCC-1 11/26/12 R @ @ - % " $E Heifer Security Agreement' D 7 % 4 % $< Lone Credit Agreement > Star 4$ % % $ - % " $ Lone dated )@ @ 8 5/16/13 > Star 4$ % Dairy 1 $ @ $ ? %< Note/ : %" Note Term 1 $ dated )@ @ 8 $ 5/16/13 Loan Credit Agreement > Star 4$ % % $ - % " $ Amendments -" " $' (5) B) Lone Star Extension Letters (3) > 4$ % /N$ ' > $$ %' B8 9/8/17 letter from (@I@ $$ % 7% " Bank , ! to $ Edward / % and April -*% not $ to $ extend N$ maturity date on the Line of Credit and Term Loan " $ % $< $ $ > 7 % $ : %" > Lone Star Security > 4$ % - % " $ 4 % $< Agreement = UCC'-ls ) Two Star : 4$ % Credit % $ Agreement - % " $ Operating of Credit 2* % $ Line > 7 % $ Note 1 $ Two Star Agreement : 4$ % Credit -" " $' (5) % $ - % " $ Amendments B) Two 4$ % Star Extension : /N$ ' Letters > $$ %' (3) B8 9/8/17 letter 7% " from Bank and Mary 7 %$ % (@I@ $$ % , ! to $ Jose ' further %< no extensions N$ ' ' Lone > Star 4$ % Security - % " $ 4 % $< Agreement = UCC-1 Guaranty & % $< LOCATION >2 -:+21 PAGE #-&/ NO. 12 C-C /N $ "A" Exhibit C,C /N $ "B" Exhibit C C Exhibit /N $ "C" C?C Exhibit /N $ "D" C/C Exhibit /N $ "E" 33 88 )8 53 55 )) 76 I) 85 C6C Exhibit /N $ "F" C&C Exhibit /N $ "G" CDC Exhibit /N $ "H" II 88 107 11 O 8 132 141 9 C+C Exhibit /N $ "I" C C Exhibit /N $ "J" ^.C Exhibit /N $ "K" C>C Exhibit /N $ "L" ^ C Exhibit /N $ "M" C1C Exhibit /N $ "N" C C Exhibit /N $ "O" C#C Exhibit /N $ "P" CUC /N $ "Q" Exhibit C0C Exhibit /N $ "R" 99 144 )) 155 158 )I 169 ( 191 ( 193 (8 195 () 223 8 240 9 C:C Exhibit /N $ "T" C C Exhibit /N $ "U" C C Exhibit /N $ "V" CFC Exhibit /N $ "W" CLC Exhibit /N $ "X" CAC Exhibit /N $ "Y" CTC Exhibit /N $ "Z" 243 98 254 )9 263 8 285 I) 287 I 308 8 I 315 8 ) C--C Exhibit /N $ "AA" C,,C Exhibit /N $ "BB" C C Exhibit /N $ "CC" 318 8 I 328 8 I 335 88) C4C Exhibit /N $ "S" 31 8 EXHIBIT 32 2012 Herd/Fed 0>2 D % @6 Triple V ? %< Dairy [ )"" $2. Smm RLOC :% * E Dairy D % @6 Herd/Feed Line 7 of % $ Creidt: 8 9 (= 361 4290- 1 > ? < CRED T I +: AGRE MENT E /: &0/ 0/ E This < % $ agreement ' is dated ' as 7 of 1 5 " % November ( 19, E 2012. + ' lt is $ between :0+#>/ TRIPLE V ?-+0A DAIRY, a 7 % Ca forn li ia gene lar partn sherip % * %$ %' * : ' B^> %^ B], %" %^ ("Borrower") and 0-,2,-1. RABOBANK , 1- N.A., a $ nationa l ! bank ng i associat on i ("Lende . ) r'' '' $ Borrower % Q '$' requests $ $ that > % Lender *% 5 prov de i a line 7 of % $ cred t i to , %% % Borrower . > Lender F will *% 5 provide a " lni e ?+ of +> credit, ' " K subej ct to $ the , %% % terms 7 of ' this % " $ agreem ent. $ %"' ARTICLE 1· = TH E ?-+0A DAIRY D/0?+6//? HERD/FEE D LINE 26 OF 0/?+: CRD ETI >+1/ :D/ -0:+ >/ 1.01 $ * % The > Line 7 of % C Credit. > % Lender ' shall N$ extend cred t i B$ (the ]> "Line of $ $C Cred )"t i 7% " from $ " time $ to $ " tm i e % during the period " from % $ : # % C the ' Closing ? $ Date $ to $ the $ % $< Maturity ? $ Date B' (such * % period, inc uding l extens ons,i if < any, $ the ]-5 $< "Avai ab ityil l Period ) " < by " ! making ' loasn $ to N$ ' ' K ' ' Borrowre B (each ' such loan a C> C "Loan") on a % 5 revo ving l bas.si , %% % 1.02 $ > ' " '$ Maximum -" $ Amount. : The % $ * aggregate unpaid * "* principa l ba anc l e K of the Loasn must $ not N exceed $ the '' % lesser 7; of: B$ (i) N " " 1.03 8 Borrowing , ' Base. , %% (a) , ' C C, %% ' " "Bor owing r Base" " ' means the sum K of: $2 500 000.00 ,, or B (ii) )\ 75% 7$ , %% of the Borrowing , ' Base. % ) ) E B8 B (i) 100% 7 of / Eligib e l - $' Accounts 0 5 Rece vablei other $ than / El gieibl Defer der Mi kl - $' Accoun ts 0 5 ; Receiva e;bl plus ! ? 7 \ $ % * ' B (ii) 100% 7 of $ the Value 7 of / Eligeibl Invenort;y plus * ' \ + 5 $ %<; B+++ (iii) 100% 7 of $ the Value 7 of / Eligible ? %< Dairy $$ G Cattle; * ' plus \ B+5 (iv) 100% 7 of $ the / Eligible ? 7 %% Deferred ! Milk - $' Accounts 0 5 G Rece e; ival b plus * ' \ B5 (v) 6 100% 7 of $ the Value 7 of / Eligeibl Feed + 5 $ % %E Lender. < " B N (b) B For * %* ' ' purpo es s 7 of $ 7 calcu ation l of $ the , %% Borrowing , ' ; Base: 6 % C- ' (i) "Accounts 0 ] Rec vab ee"i l means $' accounts wh ch:i (A) % ' arise B$ % from the providin g 7 of ' %5 ' services % or $ the ' sale " ' *% 5 B B- of ' goods < by the owner 7 of $ the $ account, which "* < comply $ with $ account $ % ' desor bt' specificatio s n (if < any) and 5 have been 7 '* " $" ' $ % B 7 provided % or 5 % delivered to, 5 and have been *$ accepted < by, $ account " debtor, B, (B) % ' arise + in $ % %< the ordinary %' course 7 of ' '' business , B (C) *% 5 ! except in the case 7 of / Eligible ? 7 Def ed rre Milk - $' Accoun ts 0 5 Recebaivle ar e 5 evidced ne by an 5 invoice % % rended er to accoun t N *$ ' % $ < debtor $ dated $ % not earlier " than $ the $ date K of $ the *% 5 ' provision 7 of ' %5 ) services % or the date $ of ' *" $ shipment % $ 5 %< 7 or delivery of ' goo,sd ' as $ $ $ % appcliabl,e (D) 5 have * <" $ paymnet $ %"' terms *$ acceptabl e to Lend , re B/ (E) % are $ not 5 evidcneed by a $ note, $$ chattel * * % paper % or $ % other $ > % ** < B? instrum t,ne (F) % are $ not * < payable on an ' " $ instamllent bas s,i (G ) % are 5 vaidl, < legally 7 % enfo ceab er l and $ Z uncond itiona l obliga sonti ' ' ' "" E $ " ' B& B6 % K < % of $ account $ % debtor, and $ ' W $ not subecj t to any ' $ 7$ setoff, $ % " counte im r,acl or % $ credit, allowa cen or ' " $ adjustm nte by $ acco tnu % debt,or % or < < " to any " clam i < by $ % account debtro denying lai bil tyi the % % reund re in who e l % or + in * % part and BD (H) do K % ' not arise $ out 7 of a $% cont ac rt < $< whic,h < by $' its $ %"' term,s 7 % ' forb ds,i restricts % or " ! ' makes 5 void % or 7 % unefneceab or l the '' " $ ass gnme i tn by , %% % Borrowe r $ to > % Lend re $ of + the % '$% $' $ < account; $; /R (ii) "Eligib e l - $' Accounts 0 5 Receivable ' " ' means $ the $ net " $ amount 7 of , %% %E' Borrowe 's r - $' Accounts 0 5 Recei e,val b B excluding C all % $ % ' returns, ' $' discount ,s cred ts i and 77' $' offsets 7 of < any "% nature. '' Unless $ % ' otherwise % agreed $ to < by > % Lender in % writing, % $' N / Eligible - $' Accounts 0 5 Rece e ivab l do $ not include - $' Accounts 0 5 ; Receivabl :e (A) $ with $ '* $ respect $ to which $ the $ account $ % debtor ' is an B- employee % or $ agent 7 of , %% % Borrow, re BI (B) $ with % '* respect $ to which $ the $ account $ % debtor +' is a ' ' %< sub ary di si of or $R affiated li with "* < 7, % $ ts ' % %' shareh,sold re officer , s % or % $ %' director, s B (C) $ with % '* $ respect $ to which ' goods 5 are * placed on cons gnmeni, t Borrower % or i $' , %% % 7R %' ' " $ +% * Trip el V ? < Dairy $2. 5mm RLOC 2012 D + +6 Herdee /Fd 4TE, " 0>2 Cr edil - % " $ Ager ement $ EXHIBIT /LD+ +:-A 33 88 ¡------- $ $ guaran deet sale, % or $ % other terms by % ' reason $ of which " the * <" $ payment by account "% debtor " < may be conditional , B? (D) with $ %"' < % $ ' < the respetc to which $ the $ account $ % debtor ' is $ not a % ' $ resident of $ the $ United 4$ $ ' States, N *$ except to the N$ $ extent ' such - $' Account s $ $ $ % '* $ Rece vable i are ' ** %$ supported < by ' % insurna,ce bonds, % or $ % other '' % ' assuranc es ' $ '7 $ %< satisfactory to > % Lender, B/ (E) $ with % '* $ respect $ to which 0 5 % ' 7 % ' $ % Borrower ' is % or " < may " become $ liaebl to $ the $ account debt or for goods % or ' %5 ' services % % rendered < by $ the K account $ % debtor $ to , %% % Borrower , B6 (F) which % are ' W subject $ to '* $ dispute, $ % " % count rclaim, e or ' 77 setoff, B& (G) $ with % '* $ respct e $ to which > % Lende, r + in $' its ' sole , %% $ '" E discrteion , "' deems $ the % $ %$ '' creditworthin ess % or R finacnial $ con on di ti of the $ account $ % debtor $ to be ' $ '7 $ %< unsatisfac tory , (H) of < any BD % account $ % debtor who ' has fil ed % or ' has had R '$ filed against it a * $ $ pet onit in !% *$ < banrupt k cy or an ** $ app ca i ion tl for % 7 relief $ under < any 7 % R ' provis on i of < any '$ $ state % or P % federal !% *$ < bankur ,ptyc insolv ycne, or $ %= =% 7 debt ef rel ino-iracts; % or who has had ** $ appo nteid a $% '$ trueste, % $'G ' 5 < *% 5 ' custodian , or % 5 % rece ver i for $ the '' $' assets K of ' such $ account "%G debtor; % or who ' has " made an '' " $ assignm nte for the R$ benefit $ of E K $ % '$ % cre tor dis or ' has " become ' 5 $ inso vent l or 7 ' fails % < generally to pay $' its $' debts B (includ ng i its * <% ' payrolls) ' as ' such $' debst " become due, $ * < $' % % 5 %' 4$ $ ' $ (I) with % '* $ respetc $ to whihc $ the $ account $ % debtor ' is $ the $ Un tedi Staets 5 % " $ government % or < any * %$" $ departm nte or < agency 7 of $ the $ United B+ ' '' States or < any '$ state % or local 5 "" govrenment al entity '' unless , %% % Borrower has assigned +$' its % $' + rights to * <" $ paym nte $ of ' such - $' Account s 4$ $ ' $ $< 7 Reecelivba to > % Lender, * %' $ puruant s to $ the -'' " $ Assignntm e of "' Claims - $ Act of 1 (9 940, ' as " amende ,d or * %' $ pursuant $ to < any ' " % similra ' state $ % 0 5 + or local law, % $ regulation or % Q % " $ requirem t ne and % are $ not R finance % ' charges on $' accoun , s t B (J) whihc % $ relate $ to R finance % or ' %5 service % charges , % are !' holdbacks, bill and hold % or will call , *% = pre-ed b,lli uncompl eted , progrses ' billings, 5 %= over bill -ed , biling l s in "* *% % '' ' % ' excses K '$' of costs, 5 % govern ed < by a * %" perfoce rm na contrac , t bond , de ' W $ subject $ to offs et,s $% trade, ' $ %< statutory ' liens, '$ " % customer R' E' $% N '' deposits % or 7 %% % 5 deferred revenue , 7 % for %! wokr in *% % '' progrse, s % or 7% " from % $ retianage, % $ $ retention , ' = = 5 %< cash on delivery, -or ' cash )8\ sales, B. (K) % * ' ' B"" K where 20 % % or " % more 7 of an - $ Accoun t 0 5 Receebliav from a ' siengl account $ % debtor ' is ( 90 <' days % or " % more 5 % over due and B> (L) whi hc \ are 8 30 <' days * '$ past $ the $$ % latter 7 of B (i) $ the $ date 7 5 of invoice, 7 if < any, % or B (ii) $ the $ date 7 of 5 $< delivery, or 8 30 <' days * '$ past $ the original ' date % % when ; due; C/ (iii) "Eligible ? Dairy $$ C Cattle" " ' measn " ! milk ' cows, %< dry ' cows, % bree ngid bull,s 7 %' heife, sr F ' calves and other %< dairy $ % ' B cattle B- (A) owned < by , $% % Borrw o er B $ (not including , 5E' Borrower s ' $ % '$ inter st in < any %< $$ dairy catt e, l if < any, wh chi % are = co-owned $ with " , %% %E' Borrower s ' ' " $' customers % or oth re # %' 'Y Person , s) BI (B) $ located $ at a %< dairy owned % or ' leased < by , $% % Borrow , re includ ngi replacem nte $ % % * " ' 5 %' heifers locaed t at % third * %$< party $ ' locasonti wi th *$ accepab let signed % land ordl wa ivser in * ; place; B (C) ' W $ subjetc $ to a R%'$ first *% % $< prior ty i $ 7 5' 7 perfe edtc security " % '$ interest in 7 5 % favor 7 of > %; Lend ; re B? (D) $ not ' W $ subject $ to < any > Lien in 7 5 % favor 7 of a Pe rson $ % other $ than > %G Lend ; re and # %' * %7 $ ' % $< (E) $ % ' otherwise *$ Z acceptable to > %G Lender; B/ 0 E C/ (iv) "Eli blgei Deferred Milk - $' Acco nt su Recei e" bl va means - $' Accounts 0 5 $ Rece e l iv ba resultin g 7% " from $ the ' sale 7 of ? 7 %% ! " ' % ' $ B fluid mi k l % dur ngi the 120 <' days K of the net % calend ra year B- (A) +$ " from 8 a % " %< cream rye *$ accept able to > % Lender, B, (B) ' W $ subject to $ $ curr '$ < % $ last " ! a CB4+ first *% % $< prityoir * %7 $ perfected ' % security + U $ '$ intesr t in 7 5 % favor 7 of Lende , r B (C) % are $ not subj ect $ to < any > Lien in 7 5 % favor 7 of a # %' Person $ % other ' W $ > < than > % Lendre and B? (D) $ % ' *$ otherwise acceebl pta to %G Lend;er + B5 C/ E "El gbl i ie Feed F $ C Invenort"y means % gran,i ' siage l and $ % other % roughag e 7 feed, 7 feed 5 $' ingredi nts e, and " ' 6 (vi) C/ 5 "C "Eligblie Inventory" " ' measn + 5 $ %< Invetnory wh chi +' is B- (A) owned by and in the possession K of , %% % Borrow r e and < $ * '' '' (v) finishde feed normally ' used 7 % for feedi gn + 5 '$ ! livestock wh chi ' is B- (A) owned < by and in the posses nios of , % Borrow , r e B, (B) ' W $ subject $ * '' '' 7 R ' $ 5" < to a firs t * $< prior ty i * %7 $ perfected security $ % '$ interest in 7 5 % favor K of > %G Lende;r B (C) K not subj ect $ to < any > Lien + in E 5 % favor K of a # %' Person $ % other $ than + R%'$ ' "< ' B % ' $ $ % Le nde;r B? (D) $ not '* spoi edl or $ % ' otherwise in a $ condit oni uns etab iul for 7 feed ngi lives ock; t and B/ (E) $ % ' *$ otherwi es accepatleb to 5 ' !; > % $ Lender; > % B5 locatde + in $ the $ United 4 $ ' State,s B, (B) ' W $ subject $ to a R%'$ first *% % $< priority * $ perfeedct security + $ % '$ intes er t in 7 5 % favor 7 of > %; Lender; B (C) $ not ' W $ subject $ to + $ ' % $< any > Lien + in 7 5 % favor 7 of a # %' Person $ % other $ than > % Len;edr and B? (D) $ % ' otherwise *$ accep bealt to > %G Lender; < C/ + 5 '$" $ (vii) "Elgibl i e Invest m ne in &% Grow ng i % 'C Crops" " ' mea sn $ actual ' cash N* ' ' expe sesn incurrde in $ conn onei tc with %% $ B5 the produtcion K of % *' crop,s ' as **% 5 approve d < by > $ Lend, er $ not incl ng uid dep onatec i ri and $" onet-ime developm nte costs and *% $ 5 *" $ $ *% $ '$' 7 Z 5 '$" $ %% expe ses n incurred + in $ connection wiht $ the *% $ prodctuion of % *' crops %5 '$ G harvetsed : investm nt e to be % 5 relieved ' as % *' crops % are N* ' ' harveste d; %5 '$ ; C/ N*c ' 'C " ' 6 (vi i)i "Eligib e l #$ Prepadi Feed / Expe ses" n mea sn ] ) the " $' amounts *% * prepaid $ to 5 %' vendors accept ble a to > 5 Lendre for $ " *$ B *$ purchsae of $ feed "" $ ' commod ies it acceptable $ to > % Lend ; re the $ * % ' C " ' (ix) "In 5 $ C ve otry n" mea sn 5 $ %< inventryo whi:ch B- (A) +' is K not + 5 $ %< Inventory wh chi ' is $ ded caeidt to, + $ R identifi e ab l wi,ht K or ' is $ $ $ ' otherwise '* R < spefic ci laly to be used in the " $ % manufac tur e of, ' goosd wh chi % are to be ' sold % or ' leased $ to " the $ Un teid 4$ $ ' States 7 of ' $ " " K Amicrea or < any * %$" $ departm nt ,e agency % or '$% " $ < instrulity nt m ae thereof and + in % '* $ respe tc 7 of whihc + 5 E %< $ Inventroy the , %' Borrow s r e ' $ shall -" % ; < 5 have 5 5 receivde < any *% % '' progress % or $ % other 5 advacne payment whihc ' is % or " < may be ** appeldi against < any Acco unts % $ genaetr d * <" $ '$ - " ' upon the sale % or ' lease 7 of < any ' such 'G good ; s (B) is $ + 5 $ %< not Invenroty prodcued in 5 $ violaonti 7 of $ the 6 % Fair > % Labor 4$ % ' Standrads act and * ' *% B, ' $ $ $ subject to the ] $ "hot '^ good"s *% 5 ' ' provision s contane di in : Title ( 29 4 U .S.C. ) ) §21 5 % or < any ' '' % successor '$ $ $ statute % or ' $ G section; B (C) ' is $ not ' W $ (1) * ! packag gin % or ' ** shipping " $ % ' mate s, ria l (2) ' goods ' used in $ connenotci with " $ maint cenane or repair of *% * ' proprie est or '' $' assets $ K % * % 7 % B B % 7 owned < by , $ Borrower, & % $ % Guara ,tonr or < any 4 ' %< Sudiary bsi of , %% % Borrower % or & % $ % Gua an , rrto (3) % genealr supp e,sli excluding 7 fuel and oil N ' ** ' B8 B Trip el V Da ryi $2. 5mm RLDC 2012 d C;5 Herd/Feed )"" 5 ) Cred t i - " " Agrent m e " 2 34 89 or (it) work-insprocess; (D) complies with all warranties. representations and covenants in the Loan Documents relating literate: is not unacceptable to Lender due to age. type. category. quality andtor quantity; and is not subject to any licensing. patent. royalty. trademark. tradename or copyright agreement of any other Person that would materially restrict Lender?s ability to sell or otherwise dispose of such Inventory provided. that Lender may. consistent with Lender's normal credit practices, from time to time upon 30 days prior written notice to Borrower. designate categories of ineligible Inventory in addition to those above; provided. also, that such designation shall be immediately effective upon the occurrence of an Event of Default or if an Event of Default is in existence at the time of such designation: {it} "Related Payabies" means all trade account payables andior other unpaid costs of acquiring the Collateral included in the Borrowing Base. and the amount of alt Liens on that Collateral: and "Value" means (A) with respect to Eligible Dairy Cattle. the value according to Lender's schedule of values. or it not included on any such schedule, then as determined by Lender and with respect to Eligible Feed Inventory and Eligible inventory. the lesser of market value as determined by Lender, or Borrower?s cost determined in a manner acceptable to Lender. The Borrowing Base for purposes of the initial Loan will be determined by the Borrowing Base Certi?cate received by Lender in accordance with Section 4.01jdj. The Borrowing Base for purposes of subsequent Loans will be determined by Borrower. subject however. to adjustments by Lender consistent with this agreement. Each Loan Request for a Loan will be deemed a representation by Borrower to Lenderthat the unpaid principal balance ot the Line of Credit alter the requested Loan will not exceed the maximum amount of the Line of Credit under Section 1.02. Notwithstanding the provisions of this section to the contrary. Lender may as a precondition to any Loan require Borrower to deliver to London a current Borrowing Base Certi?cate. 1.04 Loans under the Line of Credit. Loans under the Line at Credit are subject to Article 4. 1.05 Revolving Nature. The Line of Credit is a revolving line of credit: and during the Availability Period, subject to the terms and conditions of this agreement, Borrower may repay principal amounts and reborrow them. 1.00 Interest. The unpaid principal balance of Loans under the Line of Credit will bear interest at a rate equal to the one month plus arson per annurn. Adjusted on the first day of each Line of Credit Month. with LIBOR determined as of the date of the respective Adjustment, or if the date of the respective Adjustment is not a Business Day. then on the Business Day immediately preceding the date oi the respective Adjustment (the Indexed Rate"l. The term "Line ol Credit Month? means the one month period beginning on the ?fth day of the calendar month Immediately following the Closing Date. and each successive one month period. 1.07 Required Payments; Maturity Date. Borrower shall pay aocrued interest on the Line at Credit on January 5, 2013 and on the ?fth day of each month after the Closing Date to the Maturity Date. lb} Borrower shall pay Line of Credit pl'rrtCIpal in the amount of on January 5, 2013. and on the fifth day of each month thereafter to the Maturity Date (defined herein}. to) The unpaid principal balance of, all unpaid accrued interest on, and all other charges under this agreement with respect to the Line of Credit. shall be paid on Deoember 5, 2013 (the "Maturity Date"). 108 Prepayments. Subject to Section 2.08. Prepayments oi the Line of Credit may be made at any time without prepayment fee or penalty. 1.09 The Note. Loans under the Line of Credit will be evidenced by this agreement and a promissory note it form provided by Lender (the ?Nots"). ARTICLE 2 . COVENANTS REGARDING THE LOANS 2.01 Loan Roguests. Each Loan will be made open the request of Borrower {a oan Reguest"). Each Loan Request to] must comply with the requirements of Article 8: at Lender?s option. must be received by Lender before i200 pm (California time} on a Business Day which is not less than one Business Day prior to the date or the Loan; and to} must specify the amount of the Loan No Loan will be made if the interest tale for that Loan would exceed the Maximum Rate. Each Luau Triple v? [terry ?dmin RLDC 201? Horleoed Credit Agreement 35 2012 Herd/Fed 0>2 D % @6 Triple V ? %< Dairy [ )"" $2. Smm RLOC :% * E Dairy D % @6 Herd/Feed Line 7 of % $ Creidt: 8 9 (= 361 4290- 1 > ? < CRED T I +: AGRE MENT E /: &0/ 0/ E This < % $ agreement ' is dated ' as 7 of 1 5 " % November ( 19, E 2012. + ' lt is $ between :0+#>/ TRIPLE V ?-+0A DAIRY, a 7 % Ca forn li ia gene lar partn sherip % * %$ %' * : ' B^> %^ B], %" %^ ("Borrower") and 0-,2,-1. RABOBANK , 1- N.A., a $ nationa l ! bank ng i associat on i ("Lende . ) r'' '' $ Borrower % Q '$' requests $ $ that > % Lender *% 5 prov de i a line 7 of % $ cred t i to , %% % Borrower . > Lender F will *% 5 provide a " lni e ?+ of +> credit, ' " K subej ct to $ the , %% % terms 7 of ' this % " $ agreem ent. $ %"' ARTICLE 1· = TH E ?-+0A DAIRY D/0?+6//? HERD/FEE D LINE 26 OF 0/?+: CRD ETI >+1/ :D/ -0:+ >/ 1.01 $ * % The > Line 7 of % C Credit. > % Lender ' shall N$ extend cred t i B$ (the ]> "Line of $ $C Cred )"t i 7% " from $ " time $ to $ " tm i e % during the period " from % $ : # % C the ' Closing ? $ Date $ to $ the $ % $< Maturity ? $ Date B' (such * % period, inc uding l extens ons,i if < any, $ the ]-5 $< "Avai ab ityil l Period ) " < by " ! making ' loasn $ to N$ ' ' K ' ' Borrowre B (each ' such loan a C> C "Loan") on a % 5 revo ving l bas.si , %% % 1.02 $ > ' " '$ Maximum -" $ Amount. : The % $ * aggregate unpaid * "* principa l ba anc l e K of the Loasn must $ not N exceed $ the '' % lesser 7; of: B$ (i) N " " 1.03 8 Borrowing , ' Base. , %% (a) , ' C C, %% ' " "Bor owing r Base" " ' means the sum K of: $2 500 000.00 ,, or B (ii) )\ 75% 7$ , %% of the Borrowing , ' Base. % ) ) E B8 B (i) 100% 7 of / Eligib e l - $' Accounts 0 5 Rece vablei other $ than / El gieibl Defer der Mi kl - $' Accoun ts 0 5 ; Receiva e;bl plus ! ? 7 \ $ % * ' B (ii) 100% 7 of $ the Value 7 of / Eligeibl Invenort;y plus * ' \ + 5 $ %<; B+++ (iii) 100% 7 of $ the Value 7 of / Eligible ? %< Dairy $$ G Cattle; * ' plus \ B+5 (iv) 100% 7 of $ the / Eligible ? 7 %% Deferred ! Milk - $' Accounts 0 5 G Rece e; ival b plus * ' \ B5 (v) 6 100% 7 of $ the Value 7 of / Eligeibl Feed + 5 $ % %E Lender. < " B N (b) B For * %* ' ' purpo es s 7 of $ 7 calcu ation l of $ the , %% Borrowing , ' ; Base: 6 % C- ' (i) "Accounts 0 ] Rec vab ee"i l means $' accounts wh ch:i (A) % ' arise B$ % from the providin g 7 of ' %5 ' services % or $ the ' sale " ' *% 5 B B- of ' goods < by the owner 7 of $ the $ account, which "* < comply $ with $ account $ % ' desor bt' specificatio s n (if < any) and 5 have been 7 '* " $" ' $ % B 7 provided % or 5 % delivered to, 5 and have been *$ accepted < by, $ account " debtor, B, (B) % ' arise + in $ % %< the ordinary %' course 7 of ' '' business , B (C) *% 5 ! except in the case 7 of / Eligible ? 7 Def ed rre Milk - $' Accoun ts 0 5 Recebaivle ar e 5 evidced ne by an 5 invoice % % rended er to accoun t N *$ ' % $ < debtor $ dated $ % not earlier " than $ the $ date K of $ the *% 5 ' provision 7 of ' %5 ) services % or the date $ of ' *" $ shipment % $ 5 %< 7 or delivery of ' goo,sd ' as $ $ $ % appcliabl,e (D) 5 have * <" $ paymnet $ %"' terms *$ acceptabl e to Lend , re B/ (E) % are $ not 5 evidcneed by a $ note, $$ chattel * * % paper % or $ % other $ > % ** < B? instrum t,ne (F) % are $ not * < payable on an ' " $ instamllent bas s,i (G ) % are 5 vaidl, < legally 7 % enfo ceab er l and $ Z uncond itiona l obliga sonti ' ' ' "" E $ " ' B& B6 % K < % of $ account $ % debtor, and $ ' W $ not subecj t to any ' $ 7$ setoff, $ % " counte im r,acl or % $ credit, allowa cen or ' " $ adjustm nte by $ acco tnu % debt,or % or < < " to any " clam i < by $ % account debtro denying lai bil tyi the % % reund re in who e l % or + in * % part and BD (H) do K % ' not arise $ out 7 of a $% cont ac rt < $< whic,h < by $' its $ %"' term,s 7 % ' forb ds,i restricts % or " ! ' makes 5 void % or 7 % unefneceab or l the '' " $ ass gnme i tn by , %% % Borrowe r $ to > % Lend re $ of + the % '$% $' $ < account; $; /R (ii) "Eligib e l - $' Accounts 0 5 Receivable ' " ' means $ the $ net " $ amount 7 of , %% %E' Borrowe 's r - $' Accounts 0 5 Recei e,val b B excluding C all % $ % ' returns, ' $' discount ,s cred ts i and 77' $' offsets 7 of < any "% nature. '' Unless $ % ' otherwise % agreed $ to < by > % Lender in % writing, % $' N / Eligible - $' Accounts 0 5 Rece e ivab l do $ not include - $' Accounts 0 5 ; Receivabl :e (A) $ with $ '* $ respect $ to which $ the $ account $ % debtor ' is an B- employee % or $ agent 7 of , %% % Borrow, re BI (B) $ with % '* respect $ to which $ the $ account $ % debtor +' is a ' ' %< sub ary di si of or $R affiated li with "* < 7, % $ ts ' % %' shareh,sold re officer , s % or % $ %' director, s B (C) $ with % '* $ respect $ to which ' goods 5 are * placed on cons gnmeni, t Borrower % or i $' , %% % 7R %' ' " $ +% * Trip el V ? < Dairy $2. 5mm RLOC 2012 D + +6 Herdee /Fd 4TE, " 0>2 Cr edil - % " $ Ager ement $ EXHIBIT /LD+ +:-A 33 88 ¡------- $ $ guaran deet sale, % or $ % other terms by % ' reason $ of which " the * <" $ payment by account "% debtor " < may be conditional , B? (D) with $ %"' < % $ ' < the respetc to which $ the $ account $ % debtor ' is $ not a % ' $ resident of $ the $ United 4$ $ ' States, N *$ except to the N$ $ extent ' such - $' Account s $ $ $ % '* $ Rece vable i are ' ** %$ supported < by ' % insurna,ce bonds, % or $ % other '' % ' assuranc es ' $ '7 $ %< satisfactory to > % Lender, B/ (E) $ with % '* $ respect $ to which 0 5 % ' 7 % ' $ % Borrower ' is % or " < may " become $ liaebl to $ the $ account debt or for goods % or ' %5 ' services % % rendered < by $ the K account $ % debtor $ to , %% % Borrower , B6 (F) which % are ' W subject $ to '* $ dispute, $ % " % count rclaim, e or ' 77 setoff, B& (G) $ with % '* $ respct e $ to which > % Lende, r + in $' its ' sole , %% $ '" E discrteion , "' deems $ the % $ %$ '' creditworthin ess % or R finacnial $ con on di ti of the $ account $ % debtor $ to be ' $ '7 $ %< unsatisfac tory , (H) of < any BD % account $ % debtor who ' has fil ed % or ' has had R '$ filed against it a * $ $ pet onit in !% *$ < banrupt k cy or an ** $ app ca i ion tl for % 7 relief $ under < any 7 % R ' provis on i of < any '$ $ state % or P % federal !% *$ < bankur ,ptyc insolv ycne, or $ %= =% 7 debt ef rel ino-iracts; % or who has had ** $ appo nteid a $% '$ trueste, % $'G ' 5 < *% 5 ' custodian , or % 5 % rece ver i for $ the '' $' assets K of ' such $ account "%G debtor; % or who ' has " made an '' " $ assignm nte for the R$ benefit $ of E K $ % '$ % cre tor dis or ' has " become ' 5 $ inso vent l or 7 ' fails % < generally to pay $' its $' debts B (includ ng i its * <% ' payrolls) ' as ' such $' debst " become due, $ * < $' % % 5 %' 4$ $ ' $ (I) with % '* $ respetc $ to whihc $ the $ account $ % debtor ' is $ the $ Un tedi Staets 5 % " $ government % or < any * %$" $ departm nte or < agency 7 of $ the $ United B+ ' '' States or < any '$ state % or local 5 "" govrenment al entity '' unless , %% % Borrower has assigned +$' its % $' + rights to * <" $ paym nte $ of ' such - $' Account s 4$ $ ' $ $< 7 Reecelivba to > % Lender, * %' $ puruant s to $ the -'' " $ Assignntm e of "' Claims - $ Act of 1 (9 940, ' as " amende ,d or * %' $ pursuant $ to < any ' " % similra ' state $ % 0 5 + or local law, % $ regulation or % Q % " $ requirem t ne and % are $ not R finance % ' charges on $' accoun , s t B (J) whihc % $ relate $ to R finance % or ' %5 service % charges , % are !' holdbacks, bill and hold % or will call , *% = pre-ed b,lli uncompl eted , progrses ' billings, 5 %= over bill -ed , biling l s in "* *% % '' ' % ' excses K '$' of costs, 5 % govern ed < by a * %" perfoce rm na contrac , t bond , de ' W $ subject $ to offs et,s $% trade, ' $ %< statutory ' liens, '$ " % customer R' E' $% N '' deposits % or 7 %% % 5 deferred revenue , 7 % for %! wokr in *% % '' progrse, s % or 7% " from % $ retianage, % $ $ retention , ' = = 5 %< cash on delivery, -or ' cash )8\ sales, B. (K) % * ' ' B"" K where 20 % % or " % more 7 of an - $ Accoun t 0 5 Receebliav from a ' siengl account $ % debtor ' is ( 90 <' days % or " % more 5 % over due and B> (L) whi hc \ are 8 30 <' days * '$ past $ the $$ % latter 7 of B (i) $ the $ date 7 5 of invoice, 7 if < any, % or B (ii) $ the $ date 7 of 5 $< delivery, or 8 30 <' days * '$ past $ the original ' date % % when ; due; C/ (iii) "Eligible ? Dairy $$ C Cattle" " ' measn " ! milk ' cows, %< dry ' cows, % bree ngid bull,s 7 %' heife, sr F ' calves and other %< dairy $ % ' B cattle B- (A) owned < by , $% % Borrw o er B $ (not including , 5E' Borrower s ' $ % '$ inter st in < any %< $$ dairy catt e, l if < any, wh chi % are = co-owned $ with " , %% %E' Borrower s ' ' " $' customers % or oth re # %' 'Y Person , s) BI (B) $ located $ at a %< dairy owned % or ' leased < by , $% % Borrow , re includ ngi replacem nte $ % % * " ' 5 %' heifers locaed t at % third * %$< party $ ' locasonti wi th *$ accepab let signed % land ordl wa ivser in * ; place; B (C) ' W $ subjetc $ to a R%'$ first *% % $< prior ty i $ 7 5' 7 perfe edtc security " % '$ interest in 7 5 % favor 7 of > %; Lend ; re B? (D) $ not ' W $ subject $ to < any > Lien in 7 5 % favor 7 of a Pe rson $ % other $ than > %G Lend ; re and # %' * %7 $ ' % $< (E) $ % ' otherwise *$ Z acceptable to > %G Lender; B/ 0 E C/ (iv) "Eli blgei Deferred Milk - $' Acco nt su Recei e" bl va means - $' Accounts 0 5 $ Rece e l iv ba resultin g 7% " from $ the ' sale 7 of ? 7 %% ! " ' % ' $ B fluid mi k l % dur ngi the 120 <' days K of the net % calend ra year B- (A) +$ " from 8 a % " %< cream rye *$ accept able to > % Lender, B, (B) ' W $ subject to $ $ curr '$ < % $ last " ! a CB4+ first *% % $< prityoir * %7 $ perfected ' % security + U $ '$ intesr t in 7 5 % favor 7 of Lende , r B (C) % are $ not subj ect $ to < any > Lien in 7 5 % favor 7 of a # %' Person $ % other ' W $ > < than > % Lendre and B? (D) $ % ' *$ otherwise acceebl pta to %G Lend;er + B5 C/ E "El gbl i ie Feed F $ C Invenort"y means % gran,i ' siage l and $ % other % roughag e 7 feed, 7 feed 5 $' ingredi nts e, and " ' 6 (vi) C/ 5 "C "Eligblie Inventory" " ' measn + 5 $ %< Invetnory wh chi +' is B- (A) owned by and in the possession K of , %% % Borrow r e and < $ * '' '' (v) finishde feed normally ' used 7 % for feedi gn + 5 '$ ! livestock wh chi ' is B- (A) owned < by and in the posses nios of , % Borrow , r e B, (B) ' W $ subject $ * '' '' 7 R ' $ 5" < to a firs t * $< prior ty i * %7 $ perfected security $ % '$ interest in 7 5 % favor K of > %G Lende;r B (C) K not subj ect $ to < any > Lien + in E 5 % favor K of a # %' Person $ % other $ than + R%'$ ' "< ' B % ' $ $ % Le nde;r B? (D) $ not '* spoi edl or $ % ' otherwise in a $ condit oni uns etab iul for 7 feed ngi lives ock; t and B/ (E) $ % ' *$ otherwi es accepatleb to 5 ' !; > % $ Lender; > % B5 locatde + in $ the $ United 4 $ ' State,s B, (B) ' W $ subject $ to a R%'$ first *% % $< priority * $ perfeedct security + $ % '$ intes er t in 7 5 % favor 7 of > %; Lender; B (C) $ not ' W $ subject $ to + $ ' % $< any > Lien + in 7 5 % favor 7 of a # %' Person $ % other $ than > % Len;edr and B? (D) $ % ' otherwise *$ accep bealt to > %G Lender; < C/ + 5 '$" $ (vii) "Elgibl i e Invest m ne in &% Grow ng i % 'C Crops" " ' mea sn $ actual ' cash N* ' ' expe sesn incurrde in $ conn onei tc with %% $ B5 the produtcion K of % *' crop,s ' as **% 5 approve d < by > $ Lend, er $ not incl ng uid dep onatec i ri and $" onet-ime developm nte costs and *% $ 5 *" $ $ *% $ '$' 7 Z 5 '$" $ %% expe ses n incurred + in $ connection wiht $ the *% $ prodctuion of % *' crops %5 '$ G harvetsed : investm nt e to be % 5 relieved ' as % *' crops % are N* ' ' harveste d; %5 '$ ; C/ N*c ' 'C " ' 6 (vi i)i "Eligib e l #$ Prepadi Feed / Expe ses" n mea sn ] ) the " $' amounts *% * prepaid $ to 5 %' vendors accept ble a to > 5 Lendre for $ " *$ B *$ purchsae of $ feed "" $ ' commod ies it acceptable $ to > % Lend ; re the $ * % ' C " ' (ix) "In 5 $ C ve otry n" mea sn 5 $ %< inventryo whi:ch B- (A) +' is K not + 5 $ %< Inventory wh chi ' is $ ded caeidt to, + $ R identifi e ab l wi,ht K or ' is $ $ $ ' otherwise '* R < spefic ci laly to be used in the " $ % manufac tur e of, ' goosd wh chi % are to be ' sold % or ' leased $ to " the $ Un teid 4$ $ ' States 7 of ' $ " " K Amicrea or < any * %$" $ departm nt ,e agency % or '$% " $ < instrulity nt m ae thereof and + in % '* $ respe tc 7 of whihc + 5 E %< $ Inventroy the , %' Borrow s r e ' $ shall -" % ; < 5 have 5 5 receivde < any *% % '' progress % or $ % other 5 advacne payment whihc ' is % or " < may be ** appeldi against < any Acco unts % $ genaetr d * <" $ '$ - " ' upon the sale % or ' lease 7 of < any ' such 'G good ; s (B) is $ + 5 $ %< not Invenroty prodcued in 5 $ violaonti 7 of $ the 6 % Fair > % Labor 4$ % ' Standrads act and * ' *% B, ' $ $ $ subject to the ] $ "hot '^ good"s *% 5 ' ' provision s contane di in : Title ( 29 4 U .S.C. ) ) §21 5 % or < any ' '' % successor '$ $ $ statute % or ' $ G section; B (C) ' is $ not ' W $ (1) * ! packag gin % or ' ** shipping " $ % ' mate s, ria l (2) ' goods ' used in $ connenotci with " $ maint cenane or repair of *% * ' proprie est or '' $' assets $ K % * % 7 % B B % 7 owned < by , $ Borrower, & % $ % Guara ,tonr or < any 4 ' %< Sudiary bsi of , %% % Borrower % or & % $ % Gua an , rrto (3) % genealr supp e,sli excluding 7 fuel and oil N ' ** ' B8 B Trip el V Da ryi $2. 5mm RLDC 2012 d C;5 Herd/Feed )"" 5 ) Cred t i - " " Agrent m e " 2 34 89 covenant % 5 $' or B9 (4) %!=+ 5*" ''G work process - n-i ; (D) complies all warranties , % *% ' $ $ ' repres ntation e s and s in n Do cum ntes rela ing t %% $ ' $ Loa "* ' with % $ + the > ? " $' B? Lend ' " = to *$ K unacc > 5 @ % quantity age, $ subject 5 $ G the erto; (E) s not ptabl e e to re due to e, category , quality ; and (F) typ B Q $< and/or %< Q " % ' '* ' $ % ' di " K Lender res trict Le snd ' re ability to spose 7 of such nte with ' Inventory > % may % '5 $ sell ' or % otherwise ' '$ $ *% 5 that $ + 5 %< ; provided, $< " <, consist > % ' 8 day C " ti " $ $ " *% % written %" % $$ not *% ' $ Bo Lender's norm l a % $ cre t di practic e, s from me to time * upon 30 s prior cei to rower, designat e categori es % '' <' , %% % ' $ *% 5 ' be ' $ shall 7 i $ $ $ ' ' $ $ ' designation immediately 5 of neli bleig Inventory in add on ti i to tho se above ; prov ide , d al so, that such ive t 5 G "" $ < effec + 5 $ %< % K /5 $ ? 7 $ K ? /5 $ K Def $ the upon B the occurrence of an Eve nt 7 of Defa ult or if an Event of ault i ' s i n exi stenec at me of signat on; i N '$ * $ ti$ " 7 such ' de ' $ G G (x) BN C0 $ # < 'M $ * < ' " ' 7 acqu "Rel ated Payables ' mean s all e acc ount payablse and /or othe r unpa d i cos ts of ing ri the $ % * trad @ % $% '$' Q % (xiBN ) C 8C " ' "Va lue" mea sn the > ' tha $ Bor amount " $ of $ % C Collateral included in the rowing Ba se, and all Li ens on t Coll ; ateral and $ % G % " K , ' , %$ > % ' $ valu 5 % / $ El 7 val ' (A) wi th res pect to igible ? %< Dairy Ca ttle, the e acc ording to 'sr sch edule of ues, % or if not $ 5 ' % '* $ $ $$ $ Lende B- > % $ as ' $ i ncluded on y ' such sche e, l ud detemined r by nder and ' then an < Le < K / Eligib / 6 K ma $ '' % % '* $ (B) wi ht resp cet to Feed In+ 5 %< ventory and le Inventory , the lesser of rket valu e as $ $ Eligible " ! K 5 ' +% $< B, , %% % ' a ma > %E " % *$ to %"7 in '$ determined $ Lend $ %" determ edn i by Lende , r or s o' rwe cost nner acceptable r.e > % % Borr < R > de $ %" % * %* ' ' (e) The Borrowing , ' Base for purpo es s of the init ali Loa n wi ll be termin ed by rrowng i Bas e Ce rtifica te 7$ $ Bo , %% : , 5% , ' 7 < the B 7 % * %* ' ' : % 5 7 sub be Sec ' ' Q % 4 $ 9 . Th > ' rece ievd < by > % Lender in accor ce dna with tion 4.01/d) e Borrowing , ' Base for purposes of sequ nte Loan s will $ ' ag / Loa dete mrinde by Borrw oer, ' W $ subject 5 % howeve , r $ to adj sum tens by nder con sitsent with er emne. t Each n Re quest for > % > % " $ $ %" ' '$ $ W '$" $' $ this 0 Q '$ $ $ a < , %% % < Le 7 the 7 Cr Loa n wi ll be deemed represen oni ta t by orwre to der tha t the aid pri ncipal ba lance of tedi aft er the > % " a % *% ' $ $ , %% % $ Len > % $ $ $ unp * *% * $ Line > of % $ % $ < Bor 7 the $ 4 $ 1.02 reques ted Loa n wi ll not exceed the mum amo unt of dit unde r Section wng tand th si i the oviisnos of K > of 5 > % " N " " % Q '$ $ N $ maxi $ Line 7 Cre 1 $ $ '$ $ pr " $ *% 5 ' ' . Not > $ 5 % > % , %% % > % , %% $ $ ' $ an $ del $ Len %% $ thi ' s ' $ sect on i to the $% %< contrar, y Len der ma y as a *5 $ precondition to y Loa n % Q % requ re i Borro wer to veir to der a curr ent Bor rowing " < < , ' Base %$ R $ Cert fica i.et 1. 9 04 > $ Lin 7 % $ Credit % the % $ are % subject ' W $ to > ' $ Articl - Loans under the > Line of Credit. > ' Loans under e of e 4.9 ) 1.05 5 5" 7 credit; : % ' 0 5 5 1 $ % K Cr during the Revolving Nature. Th e > Line of edit is a revo ving l lC ine of baility Period , ' W $ subject % $; and Avail -5 $< # % to $ the $ %"' terms and conditi ns o of this agr eem ne, t Borrow re ma y % * < repay pri ncipal amount s an d reborrow . $ ' 7 $ ' % " $ $ *% * , %% % % %% them $ " " $' " < 7 Loans % + $ % '$ > of 1.06 Intere t.s The aid *% * principal balanec of er the Credit wi ll bear teer st at ual t$ o : unp % in $ % '$ $ eq * > ' und Line 7 % $ rate Q $ a " first * % annum the " 7 R%'$ day % $ - W '$ > 7 $ ' the one " $ month >+,20 LIBOR * ' plus ) \ 2. 750% per , Adjust ed on each Line of Cr edit Month , wi th LIBOR ed as >+,20 determin $ %" $ < of 7 $ $ dat 7 $ , ' '' - W '$" $ % if the % '* 5 % '* 5 $ a $ Bus $ - W '$" $ or , ' '' of the $ date of the res veepi ct Ad just ,m et n e of the res pective Adj ustmen t is ' not nes is Day , then nessi Bus $ on the ? < C> >+,20 I+ N $ C Day "" $ $< *% imme ately id precedi gn the dat e of respectiv e Ad jume stt n (the ndexed Rat . e)" C Th e term e of edit Mont h" % $ K the % '* $ 5 - W ' " $ 0 $ %" "Lin : $ Cr B$ "LIBOR ? < $ fiR7$ 7 the 7 % " ' the " cal ' means one " $ month * % period beginnin g on the fth < day of endar " $ month immed ately i foll owing the osing Date , an d ea ch +"" $ < + $ Cl ? $ ' '' 5 " $ success ve i one motnh * % period. $ ' +7 1.07 0 % Paym Required ;nest Maturity ? $ Date. ""< # <" $'G 7 Cr ' > the Li 5 , %% % $ % '$ % Janu 8 the rrower sha ll * < pay acc eur d inte es rt on ne of edit on ayr 5,) 2013 and on h (a) Bo 7 eac %< R7$ day $ fifth < of B ' $ $ % $< ? $ month 7$ % after $ the Clo sing ? $ Date to Maturity Da et. $ the " $ *% * (b) Bo rower sh all * < pay > Line K of Cr edit prin iclap in the ount of 600 0, 00 ,. on Janu ray 5,) 2013 , and h , % % $ am " $ % $ ' 7 $1 the on $ fift R7$ ) %< 8E B; C 8 $ % 7$ % day K of each mon th ther eafte r to the < ? Maturity Date (defi ed n herein) . " " % B 7 < B (e) : unp The d ia *% * prnicipal balance 7 of, all paid accr ued i $ % '$ nter st on , and er charges der this nt un oth * $ % * " all % % ' un E $ ' agreeme " K 1. I 08 4 W $ $ 4 $ $ > #% * <" $' K Cre Prepayment s. Su bejct to Sec oni t 2. ( 09, Prepaymen s t of K the Line of dit may me without $ $ # <" $' made " at $ any " K " < be < ti$ " ? $ ] ] $ % $< R$ 8 (the $ % $ ' be * Decem ? " % with $ " respect to the Li>" ne 7 of Cred t, i shall paid on erb 5, tu tyri Date . )" B$ "Ma )E 2013 % prepayme nt fee or * !< pen ty.al *% * <" > : 1 $ 7 Cred 1.09 The Not. e > ' Loans under ne of t i will cedn by agreement an d a prom ssory i note % $ % the ( $ Li be $ ' % " $ 5 evide $ in *% " '' %< + a < this prov ded i by > % Lender B$ (the C 8 8 "No . e)t" form F" *$ 5 < 0/&-0?+1& ART ICLE 2 -= 2 /1-1:4 COVNEAN TS RE GARDING THE LOANS -0:+ >/ :D/ >2-14 C> > be " / > ma * the $ requ % Q '$ Borro 2.01 Loan 0 ' ' Request . s Eac h Loan will de upon est of wre (aB "Loa n Re qu . )e" ts an 0 '7 Each , %% % / Lo > > %' $ % Q % " $' 0 Q ' Request B (a) " '$ must "* < comlpy wit h the etsme n of icle 8;I; (b) at Lend ser' opti,on mu st be ved i by der be fore 1 ; :00 pm requir $ K Art " '$ rece % 5 *$ > 'K % *" B $ < Len (Caaliforn i time) on a , ' '' Business Day which is not ess $ than one sinses Da y prio r to ;n and st spec fy i $ l '' , ' '' Bu $ Loa *% % B " $ the $ date $ of 7 the (c) $ " ' > G " '$ ? < ? < '* < B; mu + % that $ $ Loan > wil > wou P $ $ 'E the " $ amount of " the > Loan. 1 No Loan l be made if the interest $ rate for ld exceed mum xi Ra e.t Eac h Loan " 7 N the $ Ma N " " 0 / > D" Trip el V Da ryi S2 5m. m + ; ? < Cr edit - % " $ Ager nt eme " D @6% RL OC 2012 rd/Feed 0>2 S He 3 35 8) Request will be $% 5 irrevocab e. l Lender " < may * ' * postpone " ! mang ki any > Loan $ to $ the N$ $ extent > % Lender ' is < delayed < by R% fire, %$ Q ! earthqu eka or > 5 0 Q '$ < $ > %M' anoth re % "'$ circumstance $' outs dei Lender's reasonab e l control. ' $% $ % 2.02 Computation of Intere t.s - All "* $ $ ' computations 7 of % accrued $ % '$ interest % under $ the > Loan ? " $' Documen ts other $ than " 7 + $ % '$ interest at $ the N " " Maximum 0 $ Rate, and all "* $ $ ' comp tations u of ' fees % under $ the > Loan ? " ' Documents , will be " made on $ the ' ' bas s i 7 of a < % year 7 of $ % '$ $ K X 360 <' days 7 % for the $ actual " % number 7 of <' days B (including $ the R%'$ first < day $ but N $ excluding the '$ last < day) *' elaps ; de and all "* $ ' comput ons i t a of 8 intere ts % accrude K at $ the N " " Maximum 0 $ Rate will be ' based * upon a < % year of $ the $ actual " % number 7 of <' days in B the % '* $ 5 respe tive c year. 4 W $ Subject to % ' $ < % Sect oni 2.05, $ % there ' is no " $ limit on the amount $ $ that a % $ rate 7 of $ '$ interest ' " K subject to - W '$" $ Adjutsment < by > % Lender " < may % ' increase $ at < any one 4 $ $ " ) > % ' " K time, % or in $ the 5 $ E aggregat .e Lender's $ %" $ determination K of a % $ rate 7 of $ % '$ interest will be ' 5 conclusiv , e ' $ absent + '$ manifest %% % error. " 2.03 Late 6 Fee. To extent * %" $$ perm ttedi by -** Appli e ab cl Law, , %% $ Borrower ' shall * < pay a $ late 7 fee in $ the " " amont u 7 of \ 6.000% : the 8 > $ > $ N$ $ < of the amount of any schedu ed l payment due prior to the Maturity Date that is not paid in full when due; prov ded,i however , that any paym nte % for $ the 7 full " $ amount then due $ $ that ' is " made $ within 1 O <' days of $' its due $ date ' shall $ not be ' W $ subject $ to ) a +' late 7 fee. A The $ * <" $ < impo ition s and * <" $ paymen t 7 of a + late 7 fee will $ not '$ $ $ contsitute a 5 % waivre 7 of > %E' Lender's % $' rights $ with % '* $ respetc $ to an /5 $ Event 7 of ? 7 $ Default ' as a % ] res t lu "* ' $ of that $ late * <" $ payment. 7 $ $ 7 $ " $ 7 < ' * <" $ *% % $ $ $ % $< ? $ $ $ ' $ * 7 F ; *% 5 5 % 2.04 9 Default 0 $ Rate. * Upon $ the %$ occurrnece K of an /5 $ Event K ? 7 $ of Default, $ the *% * princialp balance 7 of the Loans and, to ? $ > ' $ the extent * %" $$ permitted < by Appl cable i Law, all $ % other Obliga ions t shall, 7% " from $ the $ date of an /5 K Event K of ? 7 Default $ until $ the $ date > 5 Lendre $ R ' notifies -** 2 ' ' N$ $ > Borrowre $ $ that ' /5 $ such Event 7 of ? $ Default ' is 5 wa ved i or % cured % or all 2 $ ' Obgations li are * pa di in full, % bear $ % '$ inteerst $ at $ the ? 7 $ 0 $ E Default Rat.e % , %% % % Subject $ to $ *% 5 ' ' the provisions of 4 $ Section ) 2.05, $ the ? $ "Default 0 $ C Rate" " ' means B (a) $ with % '* respect to $ the * unpiad *% * principal balance 7 of < any 7 4 W $ % $ $ $ % ' Loan, the rate * % per " annum whi ch ' is Q equal to otherwise ** app e cballi rate, * ' plus 5.) \ 000% * % per "G annum; and B (b} with % '* $ respect $ to all % $ $ the > other 2 $ ' Obgliations, 000 . % * % per " annum. + $ % '$ Interst payab e l $ at $ the ? 7 $K Defau t l 0 E Rate ' shall be * pa di 7% " from $ " time to time on " demand, K or i K f B not $ " \ * < 10 $ % 7 sooern " demanded , on the first < day 7 of each " $ month. : The *% 5 ' ' prov ons si i of $ ' this ' $ section " < may % ' $ result in $ the "* compoundi g n of % 'K inteest. r The ' % $ R'$ : 5 % 7 provisions of $ ' this ' $ sect oni will $ not '$ $ $ const tutei a wa ver i of < any /5 $ Event $ ? 7 of Defa t. lu 7 *% 5 ' ' $ $ ' ) N " " C 2.05 Maximum 0 $' Rate. 1 $ $ '$ Notwith natding s any *% 5 ' proviion s of thi s % " agreem net to $ the ' $ %< conart ry, B (a) no $ % '$ interest will be due < on any amount due % under $ ' this % " $ agrent me if, % under -** Appl ecab il Law, > % Lender ' is $ not * %" permitted $ to % charge $ % '$ interest on $ $ that " $ amoun, t > 7 < " $ $ and B (b) in all other case s $ % '$ interset due % under $ ' this % " $ agreement will be calcu atedl at a % $ rate $ not $ to N exceed $ the N " " Maximum 0 $ Rate. +7 If ' ' $ Borrow re ' is % Q ' reques det by > % Lender $ to * < pay $ % '$ interest on < any " $ amount due % under $ ' this % " $ agreem net at a % $ rate % $ % $ greater than $ the N " " Maximum , %% % < Rate, $ the " $ amount K of $ $ ' interest due on tha t amount will be " deemed $ the N " " Maximum 0 $ Rate and all * <" $' paymtens in N '' excess 7 of the Maxim mu $ " $ $ N " " 0 $ 7 Rate will be " deemed $ to 5 have been #% * <" $' Prepaym nts e without *% * <" $ prepym ante fee % or * $< penalty, and K not $ % '$ interest. - All " $' amounts $ % other $ than $ $ 0 7 , %" %E' 7 % $ ' 7 % % % inter st which % are * paid % or % agreed $ to be * paid $ to > % Lendre for the use, forbea ran ce , or $ $ detion ten of Borrow r's e indebtedne ss to + ! % ' + $ '' Lender % under $ ' this % " $ agrement ' sha,ll $ to $ N$ $ the extent * %" $$ permittde by -** App cabl li e Law, be " %$ amortized over the full stated $ %" term 7 of $ the > 'K + '$ $ 5 % $ >,F < ' indebtdn eess , so $ $ that $ the $ 7 rate of $ % '$ interets on $ account 7 of $ $ that + $ '' indetbedenss does $ not N exceed the Maximum 0 $ Rate for so long ' as $ the $ N " " 7 % ' $ '' ' indeb edness t is $'$ outtsnadin g. + $ '' ' 2.06 Method and App ication l of # <" $' Payment . s - All * <" $' paym nts e of *% * principal, inteers,t and $ % other " $' amoun st to be " made $ - * $ $ % '$ $ + under $ the > Loan ? " $' Docum nets shall be " made $ to > % Lender in ' U.S. %' dollsra and in "" $ < immediat lye availbael funds, $ $ wiht out ' $= 77 set-off, ' 5 7 ' % $ $ ' dedu ion tc, or $ % " counteaim clr , not $ % later $ ; than 2:00 *" pm B 7 % (Caaliforn i time) on the dates on whic h those paymnt es will " become due B < (any $ ' * =" E' % $ $ " K of $ ' those * <" $' paymnest made 7$ % after B the $ " time on $ the due $ date will be " deemed to have been mad e on $ the N$ next ' succeedi ng , ' '' Business 7 " $ 5 " Day.) - All * <" $' payments % 5 rece vedi by > % Lender B (inclduing, to the N$ $ * %" $$ extent perm tteid by -** Applica e l b > Law, all *% ' procee sd rece vedi from $ the ' $ sale 7% " % 5 $ $ < ? < E < or $ % other + Q lqi uidation K $ of the Collateral) will be ** applied $ to the Oblig onsi ta in < any % % order $ %" determdin e by > % Lend . re Th e % < ear y l % or $ late date B 2 ' K : $ % + < 7 K of " ! maki gn a % % < regularl y schedu ed l paym nte C will be '% % disregared d for * $* ' ' purposes 7 of $ allocating the * <" $ paym tne between *$ * principal and 7 ' $ * <" $ $ $ $ interest. 6 % For $ ' this * %* ' E purpose, $ the * <" $ payment will be $% $ treaedt ' as though " made on the date due. + ln < any legal act oni or *% procee,dgin the " % '$ $ % 5 % entries " made < by > % Lender in an $ account % or ' accounts " $ maintain de < by > % Lendre % or 0 ! Rabobkna Inton ernlai t or < any 7 of CD % their - 7 $ ' Affi iates l in $ " $ K $% ' acco da ce rn wi th +$' its ' usual *% $ pracce ti and 5 evidciegn the 2 $ ' Ob igaltiosn, will be *% " prima 7 facie 5 evidecne of $ the N '$ existecne and " "' amounts 7 of 7 % F $ $ those Ob igatlio.sn $ ' 2 $ ' ? ' $ - $ $ % < > ' 2.07 Deisgnat de Account. I So long ' > % as Lendre ' has < any $ obligaonti to " ! make Lo ans or any 2 $ ' Obgatio li sn under $ the % Line K of % $ Credit % are * unpida % or ' $ 'R unsatised f, i upon the ts 7 of > $ Lend , re , %% % Borrow r e ' shall " $ ma ntiani a " demand * ' depost i account $ with > % Q '$ * $ reque $ a > +7 Lendre B$ (the C "De gnat ' $ - $ Y ed is Acco)unt" in good '$ stadnng i. If all 7 of $ the ** $ ' app icalble cond tions i to Loan 5 have been 7 R fulfilled , > % Lender ' shl al + > % make $ the > Loan 5 avai able l to , %% % Borrowe r ' as ' $ set 7 %$ forth in $ the 0 Q '$ Requset 7 % for > Loan < by, $ at $ the *$ option 7 of Le nd , er B (a) * ' $ dep tign osi the *% ' procee sd " ! > % $ $ *% ' 7 % in $ the ? ' $ Degn siated Account; B (b} 7 if ** applicabl e, $% ' tran ngfserri the proceeds $ to an $ agent ' $ des gnat i de for * %* ' ' purposse K of an ' % escrowed - $G Closing K of $ ' this $% ' $ transaction < by % wier or - D ACH $% ' %G tran;refs or B (e) * < paying % ** < or app ngyi l the *% ' procee sd ' as $ % ' otherwise * %" $$ perm tted i undre thi s $ ' % % ' % ager eme nt, by < any " ' measn **% *% $ appopri r te a under the circum an ces ts . $ $" "' ' % " $ < > % 2.08 ACH # <" $' Payment . s , %% % Borrower $ % ' autho zes ir Lendre $ to, $ at > %E' Lender's *$ opt oni + in each + '$ insta cne, initiate $' debits to 8 $ $ - 8 $ the Design deta Account, on $ the due $ date, for all % '$ interest and *% * principal paymen. st any fees and N* ' ' expeses n , and < any K other " $' amoutns ? ' $ % 7 ' - $ * <" "' < ' $ " due and * < payab el by , %% % Borrower $ with % '* $ respect to the > Line of Crt,edi < by " ' measn of K the automa ict clearin ghou es electronic ' funds K % % ' " < Trip e l V ? 5< Dairy ) $2.Sm m 0>2 RLOC + 2012 1 % @6 Hedr /Fede : * )"" Credit - 5 " Ageremnet "K] 4 36 8 tranefsr sys tem, < by % $ direct $ debit K $ of the ? ' $ Des gnated i Account , or < by < any $ % other "" % < commer ally i c accepdet method B % % (herea , rfet "ACH *$ C- R - $ % " $ '$ % '<'$ " > % $ Paymnets .' ) Lender ' shall 5 give , %% % Borrowe r not '' less $ than + ten da ys not ce i befoer beginning - D ACH # <" $' Paym ts. ne If Le nder $' elects to # <" $'C > K <' iniate ti ACH # <" $' Payment s, , % Borrw ore will % $ thereafter " $ maintain ' 7R $ suffiicent ' funds in U the ? ' $ Designate d Account on $ the $ ' dates > % Lend re " 5 enters - $ + $ $ - D debits for - D ACH # <" $ Payment 7 of % % < regularly ' scheduled * <" ' payment s 7 of $ % '$ *% * inteest r , principal, and fees , 7 if % $ > $ %' the ? ' $ Designate d Acco tnu on $ the $ > $ date Lendre enters < any $ deb t i % authorize d by $ ' this % " $ agrem ent, e Lender may % 5 %' revese r the debit. -" $ $ " < < $ Borrower % ' agrees $ to * upon % Q ' request < by > % Lender, N $ execute and 5 % delivre to > % Lender an - D ACH # <" $ Payment authori ation z in $ %" form and $ $ contnet $ % , % satisfatcory to Lender . 4 W $ Subject $ to 4 $ Section ) 2.05, $ all % $ ' rates 7 of $ ' interest specified in $ ' this % " $ agrent em shall be % ' increased < by \ 0.100% per '* R ' > % $ * % ' $ '7 $ %< - $ $ ? ' $ annum if , %% 'K Borrower ' does K not " $ maintain the De gnat si ed Account in good '$ standin g. " 2.09 · Prepya mnest Ge nerlly. a Lender " < may % ' refuse to accept < any #% * <" $ Prepayment $ N*% '' < not expressly * %" $$ permitt de in ' this $ *$ > % & % N #% * <" $; ( 8K agrem e ent. If a Pr epaym nte is $ condit oned i upon *% % prior $ notice $ to > % Lend,re at $ the *$ option 7 of > % Lender, B (a) $ that $ not cei will be C% 5 G irrevo ab c;le * ' #% * <" $ % " $ +K (b) a #% * <" $ Preapyment will be due in $ the " $ amount and on $ the $ date '* 7 spe fiecid in tha t $ ; notice; and (c) that $ notice will $ not 77 $ affect , %% % ' Borowre's $ B) " B obl gation i to " ! maek all other paym ntse required % under $ the > Loan ? " $' Docum nets on $ the $ date when due. > % Lendre ' shall 5 have $ the *$ option % Q % $ % * <" $' $ $ 7 $ $ ' 5 " / of " ! making < any # * <" Prepaym t ne subject to payment 7 of all " $' amonts u then due > % Lender % under this agreeme t. n Each #$ * <" Prepayment of a * <" $ ' W 7 of a > Loan will be ** applied in $ 5 %' the inveser order 7 of " $ % $< matuirty B> (i.e. to $ the " '$ most % " $ remote * <" $ paym nt) e of $ the *% * princialp due % undre thi s portion 7 % % 7 $ ' * %$ $ agreement. If > $ Lender % 5 ' receives < any #% * <" $ Prepaymen t which $ it ' is * %" $$ perm ttedi to B ' refuse, > $ Lender " < may *$ accept $ the #5 * <" $; Prepaym nt ;e except $ that N *$ +7 % " $ $ Lendre " < may, ' as a $ condiion t of *$ accept nc ae, requ re i the * <" $ payment 7 of + $ % '$ inteer st F whihc wou d l ' " accrue on $ the " $ amount *$ * prepaid $ % through 7 % Q % > % % B the date when > % Lender wou d l be $ oblig etad to *$ accept " the #% * <" $ Prepayt,m ne or the date the *% * principal amount *% * prepa id would be due " $ $ $ $ 5 % ' under $ ' this " $ agreem nt ,e wh chi ever is % %5 ear er.li % 2.10 Mandatory Repaym . nt se If at any $ " time the unpaid *% * prin pacil balance 7 of a > N ' Loan exceeds $ the " N " " maximum $ < $ $ * 0 <" $' , %" % amount $ % 7 therofe % under $ the $ %"' terms 7 of $ ' this % " $ agreem ne, t then, * upon " demand < by > % Len,edr Borrowre ' shall % * < repay B K that * %$ portion of the + $ " " princpal i balance $ % 7 thereof + in N '' excess 7 of $ $ that " N " " maximum " $ amount. along $ wiht all * unpaid % accrdeu inteer st on B $ that * % portion. ' *$ * ++ 2.11 Inability $ to ? $ %" Determine 0 $ Rates. ++If, in $ connection $ with < any > Loan % bearing U % ' $ interes t at a % $ rate $ to be $ %" determin d e in N ,20 who e l " or in * part on $ the ' ' bas s i 7 of an ** app ca ie lb LIBOR ' based + N index B (a ]>+,20 "LIBOR , ' Based 0 $ C Ra, )te" > % $ %" ' Lender dete ensrmi that B (a) $ Un etdi $ $ " %! $ States % dollar * ' $' depos st i % are $ not being 77 % offered $ to !' bansk in $ the > London $ % ! interb kna market P % for $ ** the app icabl le amount K of ' such > Loa,n B (b) " $ 4 $ ' $ >+,20 adequ eta and % ' reason bale measn do $ not N '$ exist 7 % for $ %" determin ng i the ** app ecalib LIBOR , ' Based 0 $ Rate, % or B (c) $ the ** applicable >+,20 LIBOR " ' Q $ Based 0 $ Rate ' does $ not Q $ < ade yqu elta and 7 % < fairly % $ reflect $ the '$ cost to Lender 7 of 7 funding $ $ that > Loa,n > % Lender will *% "* < promptly ' so $ 7< notify $ the $ > % , ' Boror w r.e : % 7$ % Therafter, the $ oblgati ion of > % Lender $ to " ! make or " $ maintina < any > Loan % bearing $ % '$ $ intere ts at $ ** the applicabl e >+,20 LIBOR , ' Based $ 7 , %% % % $ % ' Rate ' shall be ' '* suspended R until > % Lender % 5 ! ' revokes such $ not ce, i and all > ' Loasn which would otherw se i bear $ % '$ $ interest at " the **R app icabl l e ' 0 $' % LIBOR , ' Based 0 $ Rate ' shall % accrue $ % '$ interest $ at a "* % comparable % $ rate ' based on an N index ' $ design ted a by > % Lendre in $' its ' sole ' % $ discrtion e after >+,20 < notice E to , %% % Borow r er. $ ART ICL E 8= J. 2>>-:/0-> COLALRAL TE -0:+ >/ 7 $ ; The * <" $ paymnet and * % %" perfoman r ce of $ the 2 ' Obliagons ti are ' % securde < by the following: : - % " $ $ 4 % $< $ (a) all > ' Liens in 7 5 % favor K of > % Lender % $ created % under B+ (i) the Secirty u Agreem etn dated ' as 7 of $ the date $ of $ ' this % " agreem nt e B 5 % between > % Lenedr and , %% % Borro;we r and B) (ii) < any $ % other '$% " $ instrum nt e or % " $ agreeme nt deliv ed re to Lendre + in conjun tion c with $ ' this % > % $ $ " % $ agreem ,en t wh chi '$ ! ' states $ $ that $ it ' % ' securse all % or < any of $ 2 $ ' the Ob gat ion l si (the *% * %$< proeprty encumbered < by $ ' those > ' Liesn, th e $ % G "Co al teal; l r' B$ % " $ + and $ ' '$% " $' those instrum tsne and 5 " ' agreem ntes securing all or any K of $ 2 $ ' the Obgali tion ,s the "Collat K eral ? " $ C Docum nts" e) and % < ' % (b) all > ' Liens * upon and secur ty i + $ % '$' interes st $ " created % under < any " % other % $$ written '$< " $ instrument % or % " $ agreent m e sta ngi t '$ $ ' $< B % 7 expressly $ $ that +$ it ' % ' secures all % or < any * %$ portion 7 of $ the $ '' indebedt enss, liatibil esi or $ ' obligat ons i of , %% % Borrow r e % under $ the ter ms K of $ ' this $ ' $ %"' N*% '' specific $ " $ ager ement. '* R 9= ARTI ELC 4- 21?+:+214 CONDITI SNO -0:+ >/ $ 4.01 Conditions of the Initial > Loan. > %' Lender's $ obl gatio i n to " ! make $ the 2% initial > Loan ' is ' " K subject to satisfaction of 9 $ ' $ + $ ' ' *% $; > % ' Len sde 'r sole ' % R discretion K of the owing ' conditi sno precedent: 7 ' $ foll (a) Borrower ' has N $ exec ted u and 5 % delivered the > Loan ? " "' Docme utsn to > %G Lender; and > % ' Lender has N $ executed $ ' this $ , %% % B agree t nm e and all $ % other > Loan ? " $' Docm u enst to which > % Lender ' is a # %$ % Lender, K of B (i) the ation and N '$ existecne of all # ' Part esi $ to $ the %" > $ 7 B K < Loan ? " $' Docm u nest other than > % Lend,re and N *$ except for any # %$< Party $ K that +' is an + 5 indi, ivdua l B+$ (ii) due " % auth iza ronoti of $ the 5 ' indiv duasi l $ % $ > execu ngi t the > Loan ? " ' Docum ntse on $ behalf K of ' those # %$ 'G Parties; $ N $ 5 * ' % Q % (c) Lender has $ 5 received all appra ssal i and '* $ inspectino reports requir ed < by > Lender, + in a 7 %" form and $ $ conent t **% ' ' > % ' B sat isfactory to > %; Lender; ' $ ' $ %< Triple V ? %< Dairy ' " $2.Smm 0>2 RLOC + 2021 D @6 Herd/Feed 5 Credit - $ " Ageerment % " )5 37 8 (d) B Lender ' has % 5 receiv de a , %% Borrowing , ' Baes %$ R $ G Certifica;et > % (e) Lendre has % 5 received 5 evidence ' ' %< satisfactory $ to > Lender, $ $ that , %% % Borrow r e d 8 is in "* complian ce $ with all ** appli eacl b ' > % B %" ] G Environment l a Laws B$ $ (that 5 evidence, $ the C/ 5 % " $ "Envionm r ntal e Information ; ) " / 5 % " $ > ' (D B+ Lender ' has % 5 received 5 evidence ' $ ' $ %< sat sfactory i to > $ Lender, $ $ that all % $ %< regulatory **% 5 ' approvals , # %" $' Permits and ' ' licenses > % required % under -** Applic ble a Law 7 % for , %" 7' Borrowre's ' '' business * % $ ' operations 5 have been '' issued and are % in 7 full 7 % force and 77 $G effec;t > % Q % (g) Lend re ' has % 5 received 5 evidence satisfactory to > $ Lender, that the > ' Liens % $ granted $ to Le nder under the Coll alerat > % > % % $ $ $ $ % ' $ '7 %< $ B( $ % $' Docum ntse are 5 valid and " enforceable and, * upon the Closing will be, *% * < proprly e * %7 $ perfected , and *% % prior $ to the rights and $ % '$' $ inteer tss of all ' ? " $' % other # 5' ' Pesrons, except ' those % $' rights and $ % '$' interests *$ accepble at to > % Lender in +$' its ' sole ' % $ G discretion; $ $ N N " (h) Lender ' has % 5 received 5 evidence ' $ '7 $ %< satisf tcaory to > % $ Lender, that all * ' poli esci of ' % insurance % Q % required % under $ the > Loan $ > % 7 B Docum st ne are in 7 full 7 % force and 77 $ effect and all *% " "' premiums $ % for $ ' those * ' policies 5 have been * paid $ % through the date % Q % requirde < by > %; Lende ;r ? " $' % $ $ (i) B Lender ' has % 5 receive, d K at '$ least ) 5 , ' '' Busin ss e ? <' Days *% % prior $ to the Clos ngi Date, C all " " docum tion nt ea and $ other $ ' > % ? informa ion t requ redi by ! bank % $ %< regulatory $ % $ ' authoritie s % under ** applicabl e ! "know you r ' " ; customer 'E laws" and Ant -Terrori i ms Laws, - $ O: $% % '" 5 Q % < % + $ %" R > ' < includ ng i the E4- U.S.A. Patriot - $G Act; # $% K O) B8 all represetion ntas and warranti es 7 of all # %$ ' Parties $ % other $ than > % Lende r + in $ the > Loan ? " $' Document s % are $% true and %% $ ' % *% ' $ $ ' corec r ;t %% $G 7 (k) Lendre ' has % 5 received % " %' " $ reimbur em nt se of > % ' Lend'ser out of * ! $ pocket N* ' ' expens, se including > 6 'G Legal Fees, %% incurred in > % $ B! connetion c with the % % $ undrewriting 7 of $ the > ' Loans % $ or the ' Closing B $ 5 <- (collcetively , the C ' "Closng i Expenses ; ) " $ / "' 4 ; R $ $ (1) B+ as 7 of $ the ' Cloisng ? $ Date, $ the 7 following ' shall be $% true and %% $; correct: ' (i) B+ no Default % or /5 $ Event 7 of ? 7 $ Default ' has %% occeurd and ' is $ G continuing ; and ? 7 $ 5 $ (ii) no event ' has %% occurred and no $ cond tioni exists wh chi ' has % ' $ resu ted l in % or could % ' < reason baly be N '$' B1 exp ected to $ ' result in, 5 < indivaid luly or in $ the % $ aggregate, a % K Maalteri - 5 %' Advse er Effec ; t and % /R ; N* $ (m) Lender ' has % 5 received all $ % other " $' docum nts e, certificat , se filings, ' $' cones nts, **% 5 ' approv ,lsa legal * ' opinion,s 7 %" $ infor onmat i > % R ' "R $ ' B" and $ % other *% $ ' precondi ions t requesed t by > % Lender. % Q '$ < 4.02 9 > %E' Additional > ' Loans. Lender s ' $ $ obli on gai t to " ! make each $ addi onali t Loan ' is ' W $ subject $ to $ the $ condi ion t prece ent d - $ > *% $ B (a) Lendre ' shall % receive a > Loan 0 Q '$ Request B ' (as R defined in 4 Section ; 2.01 ); > % B (b) $ (c) the followi gn statem nt es are $% true and %% $ corretc B (and , %% % Borrower will be " deemed to % *% ' represent to > % Lender tha t the '$ $ " $' $ 7 % $ $ that on $ the ?% Drawdown ? $ ; Date: $ $ B all of the ' " ; con onisdt set forth in 4 $ Section 9 4.01 5 have been and $ continue $ to be ' $ 'R G sat sfii ed; ' $ %$ d followi gn statemenst ar % e $% true and %% $ corrce)t ' as K of $ the ?% Drawdown ? $ ; Date: B (i) $ the % *% ' ' represe ntati son and wa rranes ti in $ the > Loan ' " ' %" ' Docum ent s are +%" true and $% $ correct ' E as though " made on $ $ that $ G date; (ii) no ? 7 $ Default % or /5 $ Event $ of ? 7 Default ' has %% occurred and % " ' remains % ? " $' B E 5 %' $ uncred u or would % ' $ result B$ " from the additional > G Loan; B (iii) there ' has been no ad verse change in the finacnali condi on ti of , %% % Borrower % or % R % 7 in the condi iont of $ the $ % Collateral % or < any " $ % maalteri portion $ % 7 ' thereof since $ the 77 $ 5 effective $ date 7 of $ ' this % " $ ager em net that ' has % ' $ resultde in % or * % $ $ $ $ - 5 %' could 5 ' < reaso abl ny be expec dte $ % ' $ to result in a $ % Matia erl Adverse /77 $G Effe;ct B 5 (iv) $ the * unpaid *% * principa l amount 7 of all '$ E outstdinag Loasn N* $ " $ > ' % under $ the lni e of % $ cretdi P $< facility und er which $ ' those > ' Loasn % are " made, $ $ % toget reh with $ the " $ amount 7 of $ $ that $ addit onlai Loan ' does $ not % $ > $ ' ag % " $ exceed $ the " N " " maximm u amount $ % 7 thereof % undre $ the $ %"' terms 7 of this er ement ; and B5 (v) , %% % Borrowre ' has % 5 receievd < duly N $ executed " N $ conditio aln and $ > unco tion nd lia Lien 5 %' waivsre and % ' ' releases % $ relating $ to " E' mecan'hcsi and " E $ " ' matearilmen 's Liens, + in " the for m $ Q % reqiured by " > ' < " " % -** ' $% $ % 7% " Appli ca ebl Law, from each $$ % contratcor, subcontrator c, mataleri man % or 5 % vendro in each ' case, $ with % % regard $ to all %! wo,kr ' %5 ' services and > 7 the mate als ri for whihc * <" $ payment will be " made 7% " from $ the *% ' procee s d of Loan % or 7 % for whi ch * <" $ payment ' has % < already been " made *% % prior $ to " $ % ' 7 % $ > the Loan 0 Q '$G Reqeust; and $ > (d) B %RR ' > % Lender ' shall 5 have % 5 received all $ % other " "' docm u ,nest certificates , filR ' ngs i , ' $' consent ,s app s,rolva legal op niions, **% 5 ' * ' info on mat ri and $ % other *% $ ' precondtion is requedest by > %E Lend . re 7 %" % Q '$ < )X ARTI ELC 5- ,2002F/0 BORROW ER 0/#0/4/1:-:+214 REPERAT TSE ION NS -0:+ >/ 0 % ' " $ ' 6% " 5.01 Repese r tio nant. s Fr om and % after $ the $ date % $ hereof and $ until ' such ]" time ' as all 2 $ ' Obgatio li ns 5 have been * paid + in ) , %" % $ > ' full and > % Lenerd ' has no $ obliga noti to " ! make $ additionl a Loans, Borrower % *% ' ' represenst and %% ' warrasnt $ to > % Lender $ $; that: 7 Tri pel V ? %< Da ryi $2. Smm RLOC 201 2 D @6 Herd eed F/ $% * ""; [ ) C Cred t i -Q% " Agrentem $ 6 38 8I (a) B applic "* wi **R ' ' complied $ % than % i]8 $ an ind +$ 75 if++ , %% % Borrower ' is anythi gn other vidua ,i l il has th all e al b laws concerning ts F $ <$ '$ i $' N '$ $' ' '' is ' good st % $ $% ' $ $ N '$ orgzation, ain existen ec and $ the transaction of its business , and in existen ec and ng andi in ts st' $ 7 aet of orga onizani t and % $ $' $' each ) 8"" state in wh chi it+K conducts its ' ''G bus ness i ; (b) B 7 each ? " $ > the , del ivery and performance Loan Docum nte to ch it $ is ' a party , is ' within , %% % of $ whi * %7 5" by N $ $ execution 5 %< $ * $$< < Borrower the $ Loa > ? " $' 5 5 $ % ; < N $ and $ % $< 7 " the * %' powres and authority of , %% % Borrow r e and have been duly authori ed ;z and n Doc m ts uen ha ve been dul y executed < 5 % $ % ; delivered < by each 7 $ of the > Loan # %$ ' Parties thereto ; (c) B $ any -** $ with $ conflict > G $ > the Loan ? " $' Document s do not e ca lb Law; < Appli 5 and , %$' Loan > Document ? " $$ bind % " $ 7 Borrower (d) each to wh chi Borrower is a Party is a legal, valid ing agre m e en t of , , %% %E # %$< ' B % agreem % Q % % " $ enforceable 'K again ts , %% % Borrower in accordance its terms, and < any ins trument or t ne requ redi there un ,der '$% " $ % with $ $' % $ % % when $ %"' and enfor % simi 5 , binding > , exeuc ted and 5 % del vered i to will be arly l legal, valid cae;leb N $ ' " < $ $ Lender 7 %"' of " $' '$% " $' 7 5" $ forms 7 evi 5 all financial stateme tsn and other % * %$' reports, docum ts , en instur me ts,n informat on i and dence '$ $ " "' $ % B (e) R (D B K cou % ' $ eve % occurren %% ' resu exp N* $ res there been no tn or ec whi hc has ed lt in or d l reaso y ab ln be ected to t lu in , 5 $ % has % ' < % ' 1 ' (g) B val 5 ' " %! " $ $ to, a $ its + $ % '$ marketab of + ' prop , %% % ' and Borrower has good e l title id lea dsehol int erst i+ n, all erty and asse s t as or *% * < '' $' ' C6 I 7 " $ "C % ci "'$ > % $ < 5" $ Lend concerning , %% F Borrow , re $ the Coatera ll, l or er fact rcumstanc e (the nform ion , )t"a deliv ed er to re in ; any B $ or B+ "Financial % < oth sufficiently "* $ " $ % $ provid % '* $' %% and > % ' 7R $ < compl connectio n $ with C ) this 5 % $ agreemen , t % are accurate , correct te e in material res pects to e Lende r tru e an d *% 5 $% % $ all ma " % $ $ + " $ $ $ 7 their P % subject ' W " % accurate ! knowledge of matter, i nuding cl , wi thout limitat on, i all ater l i cont ngent i l $ '; ai bitilies; % $ 77 $ 5 C effect - 5 %' / $ $ K the $ Fi6 individual % or in the aggregate , < any Material Effect si' nce the ve i dat e of nan alci In 7 $% $ forma iont pro vied d to $ % Adverse 5 + ' % $ *% 5 $ Lender; > 5G properties suc % sub ' > ' *% * ' are *% 5 $ Lender '' $' ' W $ Lie $ $ > % Borrow reflecet d i$ n $ the 6 Financial + 7 %" $ Informat on i provided to , and h ass ets and ject to ns and re , %% 5 $ no " $ % has "* comp ed li $ with all material obligations under all materia l l ' ' eases to ich it % ' K " $ % $ ' $ wh * '' '' ' ' 'G % posseion ss under such lease ;s $ (h) B ' a is rty and oys peaceful and enj pa undisturbed ' % W <' * 7 * < favo % $ % effective $ 5 to B create 5 % 7 Lend $ % > % Co the atera ll l ? " $' Docum ents are , in r of er, l < 5 ega lyl valid and ecael b secu ity r enfor 7 % ' "< ' from B% " tim ** app " + % '7' + $ % '$ > Party $ ti " 5 in+ the inteersst in ' such % $ right, ti tel and interest each cable li Loan e to me have Collaterl a an d su ch $ $ % ' # %$< shall $ interests % $' % $ right > ' $ % Per *% % 7 all $ % '$' of other security interests % are ' W $ subject to no Lie sn and are prio r to the s and os ns, ex cept tho es right s and N *$ $ ' # %' ' % $< $ % '$' R $' > % $ Lende ' % $ + % '$' ' discret interests *$ acceptabl e to r in its sole on. i + $' 7 the # ' ' proper / > Part $ Loan > % all Ea ch of ise has y l deliv ed re to ateral ll that *% * % < 5 % Co $ Lender $ % $ $ $ % $ ' "< ' % 5 Q % ' * '' '' and reco requires * perfection 7 of the security $ % '$' interests < by possession has author ize d all fiR ing l and rdin g by r req uired for > % the % Q % $ < Lende * %$' R R perfection of the ' 5 $< security $ $ '$' interests by ng i % or recording ; 7 $ % % G < fil 7 any ' $ $ subject ' W $ of lawsu B % the " $G (i) Borrower is not the nt ;e and er i ' s no ,t i tax clmai or ot her di '* $ spute pen ding or % to $ % ' $ , %% % $ N " K $ * < Judgm B , %% %M' ' $ %" 5 %' Borrow s e' r ! knowledge threa te ned '$ against Borrower , if+7 de termined ad verse to rowe r ,r is reas ably on li+ ! < kely to , %" % that , % % $ $ Bo $ " ' < $ have 5 a $ % - 5 %' /77 $; Mater al i Adverse Effe; ct U) B , ; $ with $ $ conflict the s t do not , $ nor i+' s Borrow r e i n def ault und er any nm et or antm gne in+ ? " $' % > Documen " arr $ Loan " " $ < agree any % $ $ % prov ding i for % or relat ngi to extens onsi of credit or er $ '' indebtedness of ure in ect of ch Bo rower is ' in+ any effect *% 5 $ % % '* $ N$ ' ' 77 $ B % % $ $ % oth resp 7 whi , %% % < nat < $ ; " % manner % < direcytl % $ $ < or cont gn ently i obligated ; % Q % , 5% % has ' filed tax (k) Borrower returns (fed eral, state, an d local) requ redi to ed by rrow re and d all , %% % 7 all $ N % "' $ be fil R B % ' $ has ' pai * < Bo B! lev penalti 5 ' $ % 'K ' and , '' ''" $' assessments , and 5 % " $'K governmental charges esi ther eon, in+ cluding intere t s and ; se taxes " % $ N ' * 'G , %% % Applic Env (I) Borrower ' is i+ n complian ce wi th all ble a Laws clduing all ronm i en lta Law )s, an d there aim, $ -** "* $O; / " " > ' (in ' B B % is ' no cl " B+ , %% % ' *% % 5 '$ $ * $ $ % $ ! action , procee ding or invest gation i pending or sr'e knowl edge threate ed n ag nsait Bor rower wi th res pect to oal iont of F $ '$ % to $ Borrow , %% % $ a vi5 % '* $ an y App cableli Law (iB+ ncludin g < any Env ronmenta i l Law) Borrow; re / 5 % " -** > > by < < %G > ' treated % 0 ' ' $ ' or $% $ (m) no Loa n # %$< Party has , stored , used Release d any dous r Mat reial in, on y of D % ' % at $ % or $ an 7 the $ < Haza B" < ' or ' *% * ' % lea $ > K inventori 7 sub 5 $ % ' # %$ ' propertie s $ or faci itiesl owned sed < by the Loan Part esi (ex cept for es of sta ces n tha t are d or % to be use d in 5 use ' '$ ' ' $ B N *$ ' %' 7 ' '' > Pa the 5 # %$ ' Loan 5 $ % ' B the % %< ord naryi course of business of rties (wh ich inve otnrie s have bee n st'$ % ored and est dis posed of used ' and was '$ ' '* ' 7 in + the materia l "* compl ancei will all ** applicab e l / 5 " " " Envi onm al rt ne Law , )s and re are no undergr ou nd tan ks, surf ace i "* " ' mpoun dme nts or % " % " $ % % $ $ !' ' %7 > ' % * < $ $ * % $ 5 % temporar $ "* $ $ < ' lagoons, wheth re operat ve i or ly i or perman tly ne clo sed, ' ' '= " $ % G asbe ont csinin -to sag mater s, al i or Bgncontain i equ pm i ent # ,% $ + % PC Q *" $ located n, on % or K at < any of propert es i or facilities own ed or leased by an Parti es; $ i 7 the *"* %$ ' % 7 $ ' > $ Lo % ' # ' < the , % 5 % $ > % (n) Borrow re ' has *% 5 ' < prev ous y il del ivered to Lendre each 5 " env ronment i la audit , assess nt em or % in 5 ' E ve gat on isti report '' ''" $ $ B * in B + % $% K 7 < 5 the poss son ei or control of any > Loan Pa rty whi ch ha ve been *% * % preped ar by rty dur ng i the year peri od prece ngi d the $ * '' '' % $ ô)=< % # %$< * *% * %$< < pa $ < any 5 % " $ '" $ ' % compl "*$ ' $ Env / 5 % " Closing date % $ relating to environmenta l condit ons i or ance i with ron i men tal La ws on rtie es or ; fac ties li i 7 the > ' any $ prop 5 * %$ ' B ' < of owned ; or ' leaes d < by < any Loan ; > Party # %$ # < BQ $ $ % ' K the *% ' > no pa * %$ $ proc 7 any used % $ < or for the * %* ' purpose $ of * % ' purchasing % or carrying Marg n i Stoc , k and rt of ed es of n wi ll be , eith re directly 4$ ! < Loa %%< % B % $ " %' % carry N$ % $ * % ' $ purch $ exte $ others $ Stock 4$ ! % inrectly di , ether "" $ < immdeia tely, y ll a or m i ately, ) to esa or or to nd cre dit to % ult $ " < %%< Margin (iB $ < wh $ % incident $ < and 7 % such % (ii) B % ' purpo % $ '' % Stock * %* ' G $ refund % < 4$ ! K for the purpose 7 of * % ' purchasing % or carrying or to indebtedn ss e ori nally gi in %% curred for s;e or B for 7 % $ * %* ' %%< Margin 7 the $ prov K the $ Re "G Board *% 5 ' ' 0 $ ' , % G + ' '$ $ any * " ' purpose that ls i a violation of, % or that is ' inco sten nsit wi th, the isions of gulat s nio of ; $ 5 $ K $ ' $ $ enta < " B+ (r) $ G no ? Default % or /5 $ Event of Default has red ru and ; and 7 ? 7 $ ' occ " is+' continuing (s) B' 7 - $ =: '" 7 any *% ' > ' and the $ use ' of $ proc K the no Loan Affi iate l ther oef ' is in vi5 $ ation ol of Terror m s- i Laws ee sd of " K % any > Party < Anti < -7R $ # %$< or 5.02 ) , ' , %% Ba ' " '' 7 an "* $ Complete % * %$ R Information Ac cur tea and . %E' Borrsower' su bmission of y Borrowing se Certificate , report , - $ 7 " < > ' the Loan by , %% % Bor ower wi ll not Anti-Termrori s Laws. $ violate 5 $ any $ > < < - X: '" 7% " ti$ " % % otherwise $ R $ , %% % " % ' , of * %" ' Bo cond * %$ reco,dr R certificat e or other %" infor onmati pertain ng i t$ o the tion i or ope ration s, financia l or rower r , from me to % $ % % % *% ' $ $ , 5% % " "* $ the $ time, % whether K or $ not % Q % requ redi unde r $ ' this agre m nt e, will be dee med accomp edi na by snetation by re that % % " $ $ " < Borrow < a repre " $ % $ $K mate ' to $ the B cond % oper report, % $ % 7 %" record or inform tion a i ' s " $ complete and urate i n all al i r res pesct as tioni or ons ai t of , d '* $' * % $ ' 7 Borrower , $% K (and acc $ $ % * B $ othe " " %'E ' % 5' $ $ * %' if applicable , , %E' Borrower s ' 4 ' % ' Subs ari die,si Affil ates, i partner , s sh aerohlders , membe , s r or r *% * ' principa s). l includ , gin without + - R ' does $ om $ sta '$ $ 7 $ necessa $ make " ! the $ info 7 %" " $ ' '' %< ' not limtaition, all " $ % material $ contingent liabiliti se and t i to te an y " $ $ maeal rit fáct ry to m rtaion < " $ $ 7 ** contained " $ there n i " ' misleading . $" ARTICL E ) 6 -= BORROWER 2 /1-1:4 ,2002F/0 COVENANTS -0:+ >/ " cas > % ' $ Lende ' no obl $ ma " ! $ > ' Unti l ' such time all Obl ongastii hav e bee n pa di in fu ll in h and r has igat oni to ek add tional i Loan :s 5 * ' 2 $ ' $ " as $ ' $ ?+ conti % % $ $'$ 6.01 Other Debt. r e ' shall 5 have no ng tand i and not i % ncur any ct or gent n liabilities $ ' or outs $ $ shall , %% % 2$ % < dire V Borrow *% $ $ 7 %' $ foll $ oth $ % ' $ $ Loan > N *$ the l ' ease obligations , % or guaranty liabities li of oths,er except owing if not erwise proh bited i und re the $ ] $ ' the $ ' % $< of 7 it $' % $ $% cre %" trade % any $ more " % than $ 90 -7R $ 'G $ Lend > % ( days * '$ du Docu :semtn (a) es iti l and s n to re or s Affili ate ; s (b) dit not e $ ' obligatio $ ' <' past ? " $'; < of B normal B liabi $ individua ' an in+ $; as 5 % pr 7 $ *% " % < or $ '$ being contest de in good th by appropriat e *% 'G proceeding ; s (c) , l ad ditiona l debts dividua l for imar ly i fai % < **$ * $ B if an ' in+ the 7 % the 7 * % ' $ * %* ' Q *" $ %% for $ ord %' consumer purposes ; (d) igat ons i or purpose of purchasing eq uipmnet used nariy cou se r $ incurred % %< $ ' % debt ' obl * %* ' 'G ' " % B lease N '$ ' ' $ ' $ of 7 this $ ' transaction $% ' $ and di the % $ " '$ recent obl $ most of ' ''G business ; and B( (e) other abilities and ga ion it s i n exi stence on the date sclo ed s in $ % li $ ' $ Le > % financia l '$ " $ ' " $$ statement subm tted i to nder. R +K K the > ' '' " $ exist N '$ any $ right 6.02 Other ' Liens. Borrower shall $ not cr eate, ass ume or % ' 77 % suffer to sn on s, titl e or terests in , %% % ' $ $ % in+ $ % '$' $' 2$ % < Lie > $ > ' i+ K Lender K it+$' ? " $' 7 5 % of its property , N *$ except the f K not oth erwise protehibid und er $ the Lo an Do m cuts en: (a) n favor s %F+' *% > $ or 7 i 7 K any $' *"* < following < of B8 Liens K that $ $ + 85 Z + secur > ' K 5 $ '$ $ ' ' 5 Affilia es;t (b) if an individual , addit onal i Liens aga nsti the * %' '' $' personal asse st of invidua di l as an ind dual vi i , to e deb t for + 5 $ - $ 'G B primar y il consum r e * %* ' ' purpos ; se and B (c) > ' Liens for % taxe s $ not ye t due. $ N ' ' " % * " < < $ 6.03 8 $ $ following ' or $% '$ 5 ' '" '' 4 $ % tran 7 " i Sa el % of -'' $' Assets. , %% % Borrower sh all $ not sell sfre any bu sines or asse , t exce pt the f not $ '' $ N " < 6. 9 04 " + 5 ' " ' N *$ Investments . Borrow re sh all not ke Inv estm ntse exce pt the ng i to t otherwise " ! ' K ma $ follow the $ extent " K no $ , %% % $ % ' N '$" " the $% '7 %' %' K bu $ % %< ' ' ' $ ' K i+ 5 $ %< (b) otherwise prohib ted i by the > Loan ? " $'; Docum nts e: (a) es or % tra nsfers of nventory in ordinary cour es of ness si and es ' '' *% $ $ ' B sal < $ B sal ordin or B7 %' transfers 7 of ' $ obso ete l or worn proprty e, i n the rya %' coures 7 of '" ''E business. % $ *% * %$< % %< % out % " " $ dat $ B ' agr % " $ by $ the > Loan ? " 'E Docum : nest (a) + 5 '$" $' Invesmtnest made pr*% % ior to the e of K this eem net and ose d lo de by prohibited < discl ' ' $ and approv **5 5 *5 < B (c) + 5 '$" $' " R $ ' K depo ' Lender in writing ; (b) Investmen st i+ n %" current 4 ' % ' Subs ;sieari di and ves mnetst in certifi at es c of ,t is obli ations g of lar * ' 7 the $ fede 7 % % $ ; > % B In B + 5 ' " ' government , % or " readily " %! $ markeable t secur es.it i ' % $ ' 5 % " $ 6.0 5 ^) 7 " ! Loans to . s , %" % Borrowe r sha ll $ not ma ek l ' oans $ to ot " %' hser exce pt the g to ent not herwise ' J followin $ ext + the N$ $ N * $ ot > ' $ Other "" $ % ' $ ' N$ ' ' " C " $ the $ $ di % " $ ? " $'; + and proh bited i by the > Loan Docum nts e: (a) exte nsions of K cre dit ma de pr*% % or i to date of 7 thi s agr eenm et and scloesd to ' ' *% + B < B 7 cr approved by > % Lender in ting on or % before t$ he $ date 7 of this emtn (b) ensio sn of edit to t Subsidiar ies and % " $ N$ ' ' % $ $ curren %% $ $ ' agree 4 ' % ' % $ (c) **% 5 < + wri % B ext B " notes 5 5 " ' rece % ' extension s 7 of % $ credit in $ the $ % nature of accounts $ 5 ' rece vablei or vabiel ari sing from ase of s or cesi in+ $% " the ' " $' $ sale ' or % le K good serv ]$ ' ' ' %5 ' ' " " %' 4 ' % ' -77 $ ' $ the % %< ord nary i cours e of busienss to persons E % other tha n fami ly membe ,s r Su aries dibsi , an d Affi ates li . 7 ' '' $ * %' ' %' $ 7 " < 6.06 ' cause ' eac , %% % 7 i $' 4 ' % ' Books and Records. rowre sh all " $ maintian and h of ts Subsidi seria to ntain i proper books " $ 0 % ' Bor , !' ma *% * % !' dea of 5 % record and account + including full, true , and cor rect entri se of ing ls and sactions rel ating to+ its $% ' tran %% $% ' $ ' ' % $ K $% $' and $ all % business their ' '' and mate 7 Borro " $ % , %% % activities on a ' cash % or an accrua l bas s, i at oni of we , r i n all rial res pecst in really acce pted $ opt * conformity $ $ 5 $ ' $ gen ' ' % '* $' 7 %" $< with $ the *$ % < B & # E accounting prncipl i se ("GAAP . )" $ *% * ' 6.07 Reporting 0 % " ' Requirement s. , %% % Borow rre shall furnis h $ to Len de :r ' > % % ' 0 Tripl e V ? < Dairy $2. Smm RLOC 2021 He rd/Feed + * C>? D % @6 $K [ )"CK Credit Agr etem ne " - " " 8 92 40 " " month ; (a) B , ' Certi %% $ ' the $ end of $ that ) <' no $ ; later than 25 days ' ; after $ the end of eac h " $ motn,h a , %% Q Borrowi ng Base ca fiet current as of (b) B " l $ % $ the $ end K 5 ' $ K #- as ' soon ' as availa e, l b but no ater than 120 <' days after of ea ch R' fiscal < % yea, r a *< copy of CPA 0 5 Reviewe d B % + 7 '$ $ " $' finalanic statemenst of , % Borrower for that * % ; period; r 7 eac 7 #- $ end of ' 5 $ (c) as ' soon ' as avai abl,e but no $ % later tha n 120 <' days $ % after the h R' fiscal yea , r a *< copy of CPA 0 5 Review de < ' ? " ' ' Two ' '' % ; 7 " finanial c '$ $ " $' statm een ts of Valadao Dairy , 8 a Ca forni il a general * 5'"* partn rship e , Jose Dimas Valadao doing bus iness as ar ? %< Dairy, 4$ % ? %< $ St R 7 % 7 % tha '" '' $ $ * % ; ? %< and / % Edwrad Val adao, % Jr. doing busi enss ' as > Lone 4$ % Star ? %< Dairy &I Cowliforni a Dai ry for t per odi; B + %' ' $ " (d) promptly * upon sen ding % or + * receipt, * ' copies 7 of any manage ntem letters and %% '* corrsepond nc ee relating to *% "* < < " % " B $ % 5 , 7' " " $ $ or % rece 7% " maage n m ent lettes,r ' $ sent to ived fro m Borro s 'wre ! $'; account ; nt sa and $$ %' (e) B 7 % " $ * ' 7 $ ' % % promptly * upon % *$ receipt, cop esi of all not ces i , % $' orders, % $ 5 or other $ ' commun sic ati no reg ng ardi (i) any cemtn *% "*$ < < enfor B+ $ env $ any 5 " $ $ % ' action < by < any & 5 % " $ Governmen l at Authority rel% $ ating to health, safety, the ironm nt ,e or Hazardou s Mat reials with rd to + $ ' 7 $< % $ $ rega - % < < D % ' , %% %E' % % , %% % D % ' $ 5 $ ' Borrower's *% * %$< proerpty, activities, or * "$ ' operation ,s or B++ (ii) < any " '$ cla mi aga nst i Borrow re B % regarding Ha zardous $ % '; Mas;terial +' % K " K " *% "*$ < (~ not cei of the occurrenc e 7 of < any of the follow gn, i promptly , $ but i+ n any event no later $ than R5 five <' days E $ after ' such < 5 $ B R $ % $ % thr ' " $ " $ % , %% 5 N clai '" $ ; occurr ce n: e (i) < any ' $ lawsui , t tax m or ; other '* $ dispute 7 if fil ed or eaten ed ag ainst Borrow er in an amount greatre than B; 7 % & 5 % " $ < , "" % '* $ $ fai $ $1000 0,0; 0. (i)i < any ' ' $ subst al ai nt dis pute $ betwee n , " 5 Borow r er an d any Gov ernment al Autho ity;r (ii)i the lure < by Borr orwe to - $ % $<; ] ; B B - 5 %' $ 4 G % " K thi $ ' ' to %"' comply with the terms and *% 5 ' ' provis ons i of s agreemen ; t B 5 (iv) any Material Adverse / Effect as Borro;wre B5 (v) any change in" $ $ < "* < < $ % , 5" $M' 7R N $ 5 7 % $ Rel 0 ' % Borrowe sr' name, legal ' % $ 5 E structur ,e * place K of ' '' bus ness i, or K chief exe vceuti office % or federa l $ R $ identcation ifi number; % or B5 (vi) the ease " %G " / 5 % " $ $ % ' of < any D % ' Haza do rsu Mat serial on $ the *$ * < proprety of any Loan # %$< Party % or 5 $ K violation of < any Environmenta l > ' Laws < by < any Loan rty; ; ; and 7 > Pa # $$<; < > (g) B > % ' !' acc $' li '$' promptly * upon Len der's 5 Q '$ reque, ts all IK other books , $ % ' recor , sd '$ $ " $' statem nt e,s sts K of *% * %$< proprety and ount ,s *% "*$ < $ $ $ the 7 * %$ budge s,t foreca sts, $ * %$' reports, % % ' records % or $ % other 7 %" $ inform tio na pertianing to condition % or opera onsi t of , %% % Borrowe r % Q '$ reques ed t by % '$' * % $ ' $' < '; Lender. , %% % ' $ $ Maintenance K of -'' $' Asset .s Borrowre shall " $ maint n i a and *$ ' preserve all ri% $' ghts, privileg es, int ec ell tlua prop erty *% 5 ' *% * %$< , %% % ' " ! ' % * %' $ ! * has % or $ K later Q"$ 'G acquires; and ma ek < any rep rs, ia renewa s, l % or % " " $' rep acement l s to keep Bor rowe 's r % ' *% * " ' properie st in good %! workng i $ conidtion. 6.08 7% ' ' , %% % rights and fran chse is Borrower now % $' ) ( /N " & $ % than $ 6.09 Existence and Good 4$ Standing. +7 If , %% % Borrowre ' is anyth ngi other an i 5' ndividual , , %% % Borrower ' shall *% ' %5 preserve <$ $' K Q 7< % " qualifi Q R and " ma ntain i its N '$ exstence i and good '$ stand ng i in $ the W % ' $ jurisdictio n of $' its form ation , and qual fyi and remain ed $ to $ conduct i $' ts 7 $" $ + W % ' $ '" '' bus ness i in each jur sdiciiotn in ' wh chi such Q R $ qualificati on ' is % Q % require. d 4$% $ % $ 7 " $ % , ' '' 6.10 Change in Bus iness % or 2" Organi ational z Structure. , %$ % Borrow r e ' shall not engage + in < any materi l a l ine of its $' 4 ' % ' the % " $ 'N '' 7% " $ ' ' '$ $ < R % K $ $ bu ness si substantially different from thoes ' lines 7 of ' '' business conduct de < by , %% % Borrower and Subisdiaries on date her eof or % ' <$ " ' , %% % $ % " any ' '' busien ss ' '$ $ < subs tia anytll relaet d % or $ $ % $ G incideal nt theoer;t and 7 if , 5 Borrower is anything ot $ % her than an i 5 ndiv dual i, Bor rower sh all not < '' 7 Q N% $ (a) !" form % or " % ' otherwis e acquire < any 4 ' %< Subsid ary,i unless $ $ that 4 ' %< Subsidiary N $ ' executes and 5 %' delivers $ to > % Lender a8 % $< guaanr ty of all of the B8 % Q % % ' $ $ '' 5 2 $ ' " % Obl onsiga it and all $ % other '$% " $' instrument s $ " $' and agreeme ts n required by Lende;r % or B(b) merge , diss olv , e Q $ liquidae,t con solid tea wi ht or < > %; $ % # %' into another Pesron, % i+ ' % ' tra of $% ' $ ' % $' "' '$ < '' ' or N'* ' dispose 7 of B % (whethe r i+ n one +%"' R transac noti or n a ser esi of nsact ns) io all or substantially all its asse st (whethe r now owned % or % 7$ % herea rfte acquir ed) $ to $ or i+ n 7 5 % favor K of < any # %' Perso. n B $ % Q " 6.11 " ' comply $ all App $ > '= "'* ' -** "* < i > ' and * < Complianc e with Laws: # %" $' Pennit . s , %% % Borrower shall n all resepsct with ica l bel Laws pay 5 % " $ 7 % Q < gov ' and "* ' upon $ N ' % its $' *% * %$< / > * , 5 befoer delinqu c,yne all tax es, '' ''" $' assess nt s,em erm ntalne charges imposed Borower or property. Each Loan Party # %$< '' $< 7 % an % '* $' ' 7 $ $ # %" $' sh all $ obta n i an d " $ mai aitn i+ n 7 full force d eff ect and "* < comply in all " $ % material res pesct wi th all necessa ry Permit s and gove rnm et n 5 % " $ **% 5 ' apporvals. + '* $ " $% " $ " % ' * %" $ Lend , %% % I from $ tim > % $ +$' ' $ " 6.12 Inspection s. Bor ow r re shal, l $ at < any reas eonab l time and time to e, permit re % or any its < of 7"" % *% ' $ $ 5 ' $ $ % % ' $' '$% $' !' 5 ' age stn % or repr etiv esaetn to N "" examin e and " ! make * ' copies 7 of and absrtac st from the records and books 7 of, and visit the proprees ti *% * ' ' , %% % 7 $ ' $ % $ i 5 of, , %% % Borowe r and $ to " " ' discuss $ the 77 %' affairs, R ' finances, and acco unts 7 of Borro wer wit h B 7 (if , % Borowe rr is other than an ndividual) officers , 7R %' + * $ % ' % , %% % ' < $ $'G direc t,ros * 5'E partner , s % or " %' maange sr or Borro, wre as ** applicable ; , %% %E' Borrow s er' indepen nted accoun tant s; and any 5 other pe sr on dea ing l * %' $ , %% %E with Borower. 8 6.13 e. Insuranc + % cau ' , %% '; ' mai " $ E * " " or ri% '! ' % G (a) Borowre shall ma n,intai se $ to be niean,td public $< liaty i bil ins urce na; all sk pro perty dama eg " *% * %$< B 5 % * R ' ' " $ % 7 % $ 5 $ % * " $ insur ce na policies coverin g tan egibl *% * %$< property "*% ' compr ngis i the Colla alter for the full + ' % insuar ble valu e on a replace emnt cos t ba sis; '$ ' ' "! %'E % Q % "* ' $ ' ' > % wo ker rs' compensatio n ' % insu ance r as requ erdi by ; law; and ' such $ additiona l i ' % nsuarcne as % Q % required by der from me. $% " time " to $ ti$ " < < Len (b) B - * ' ' + ' " % Q % % $ > ? " $' " '$ '' < "* ' **% 5 < All policies of insuar nec required under the Loan Docume tsn must be issued by companies apprevod by $ > % N* % $ Lende , r and " '$ must be *$ acce e ptab l to > % Lender ' as $ to " "' amoun t, s 7 %"' forms, % '! risk 5 % ' coveage r,s expiration $ ' dates, and l '' oss * < payab el and "" Triple V5 8F Dairy ) $2Sm . m)"" 0>2 RLOC % @6 2021 Herd/Feed -Q5 " " % Cret di Ag ee r men t 9 - 41 Collateral $ % which is K a " N " " 7 $1 all ' inventory other $ % " ' Q *" $ cancellat on i prov ons si i with es l of ximum of 0, 00 on , equipment , and [ 5 $ %< deductib *% 5 ' ' ma $ 5 % wi $ be cance % diminished '$ * $ " ' $ $ coverage % Q % policy " '$ stipu tangible persona l *< * %$ % *% % % $$ " " " $ Lend $ <' prior any %' " $' as % Q % and $ % endorsements ' Lender " '$ name " > % may must / $' " such R E noti;ec cont ani a 6 %'$ First > '' Loss Payable em nt se and < other $ ' # < Endor " < require ' % 7 such % casualty proceeds ' $ $ all *% ' of ' *% * %$< pay $ ' $< insur '' payee * < Lendre as an onal i insured and loss proprety or ce na sh all be beal to addit $ + ' % ' that > % ' * < so 7 $' % '* $ 5 i ! % '$ Lender $ to $ the N$ $ extent of its respective nterest. > % 5 $ ' the $ % Q % ' ' % (c) Borrower agrese to ver i to Lender, on or fore the Closing ? $ Date, evid neec of required ins urance as % be 5 $ , %% % % ' $ del $ > % B 7 ' $ *% 5 K fail ' ' $ % Q % , %% ; % provid de here ,n i $ with an effective or 7 % $ before the '" Closing ? $ Date. If+K Borrow r e fai ls to provide any red i ins urance or s on 7 5 date < requ *% 5 % , %% % ' N* ' E ' at $ Borr -$ the $ opti *$ ' , %% % K Lend > % > % to continue < any % Q % required ' 5 insurance in forc e, Le nder may do so ow s er' expense . At on of , re Borro wer shall % E $ $ " < > % or % shall ' be added to $ the $ Obligations 2 $ ' * rei mbrues Lende,r on " demand, the cost of any insurance pa id < by Lender . $ '$ ' ' % % " %' > % < such 0/U +0/? IN F+>> +14 0-1 / # 0 D-4/4 ANY -1A REQUIRED :D/ +14 0-1 / 42 PURCHASES BORROWER ACKNOWL SDG EE THAT IF >/1?/0 LENDER SO SURANCE, TH E INSURAN EC WILL :D-: +6 - .12F>/?&/4 ,2002F/0 ?- -&/ TO :2 TH :D/ :2 -& 14: #DA4+ -> # TO :2 AN -1 AMOUNT 2>>-:/0-> UP /U -> TO - 2 1: EQUAL #02:/ :+21 PROVIDE >+ +:/? LIMIT DE PROTECTION AGAIN ST PHYS CALI DAMAGE E COLLAT RAL, E #02 +?/ /L > ?+1& -1A UNEARN 2,>+&-: 214 1/-01/? R 6 OF (1) E UNPAID BALANCE 26 OF TH E OBLIGAT ONS , I EX CLUDING ANY DE FINAN CE CHARG E, S THE LESSE :D/ 6+1-1 / 1#-+? ,->-1 / D-0&/4 :D/ >/44/0 :D/ B TH :D/ COLLATERAL 12: BE /U +:A I+1 ,/ 2>>-A/0-> MAY -A NOT OR (2) :D/ THE VALU E 26 OF THE ; HOW VER, E BORROWER S ' EQUITY N THE :D/ COLLATERAL 2>>-:/0->G D2F/ /0 ,2002F/0E4 20 B -> / -1 # ,>+ >+-,+>+:A ?- -&/ #02#/0:A DAMA -A NOT 20 PROPERTY #02 +?/ INSURED . IN ADDITION , THE DE I ANY PUBLIC LIABILI TY OR GE 1 PROV +14 0-1 / MAY :D/ INSURANCE +1 -??+:+21 +14 0/?E 26 INDFICATION EMIN AND Y 12: NOT ME ET TH E RE QUIR MENTS E OF ANY FINANCIAL RESP N OSIBILITY LAWS . -1A D1-1 +-> 0/4#214+,+>+:A >-F4 //: :D/ 0/U +0/ /1:4 -1? MA +1?/ 1+6+ -:+21 -A (d) B all Info on rma it $ % ' $ any > % For purpo se of urance cove age r on the reatal, Bor ow r re authori zes Lend re to dei to son , %% % $ prov *% 5 # %' $ % $ Coll ' % ins 5 $ * %* ' 6 % < Per > or % othe B Loan $ Collat $ % the R $ % % % $ % $ > % "' **% *% $ "" $ ' % both. Le nder deems appropriat ,e wheth re rega ngrid the e,alr r financia l accommodation , s or %% $ 6.14 9 -%"'E K any $ % into $ enter $ ' $ $ any Arm's > $ Length ? Dealing. Borrower on sac it of kind with ly me mb , re ' not $ any " " % , %% 5 shall 7 " < < tran < ! < fami $ bu + wi fai on '" ' *% $ > '; and 7 % $ % $ % $$ $ Lender %' Su ary dibsi or Affil iate, $ % whether or not i n the nary i cour se of sienss, oth er than th pri or writte n not cei to r % $ % %< % $ ord -7R $ 4 ' %< comparab 7 5 % "* % $ $ , %% % ' $ the $ ti$ " , %% % at and % ' reasoanebl term s ' '$ $ < substantially ' as favo rable to Borrower as would be obta inabl e by me in e l a $ %"' < Borrower %" ' % " " 5 -7R $ fami arm's $ $% ' $ $ length transaction with a # %' Peros n 2" % other than ly member , Sub ary idis or Affiliat .e 4 ' %< $ a 7 " < % pe $ > ' * %' ' purpo ; (b) 6.15 Us e of the Loans. Borrow re shall Loans (a) sronal, fam ly i or ses, or o $ use ' the % household " < * %* ' ' ' not , %% % $ > ' ) ' B t$ B8 for % K carrying 4$ ! K to $ reduc % % reti # %' ' $ % $ + 5 '$ purchase or carry % 4 ! Margin Stock or invest i n other s for the * %* ' purpose of Margin Stoc k or e or re any $ % Person %%< % % %%< % to < *" ' * %* ' indebtdeess n incurred . %% for 7 % that $ $ purpose + $ '' 6.16 4 ' % ' promptly ' Subsidiar pay $% $ ' " $ ERISA / ' Plans. , %% '; Borrow r e shall pay and cau se all sie to ions t adequa e t to Q $ $ meet *% "* < * < /0+4- * < contribu $ eac every " ea % '* $ to 6 ; not less the " " " mimum ni funding standards under ERISA h and ; file ch annua l rep ort requir de /0+4- with % Q % respect % * 5 %< Plan '$ % ' % $ '' than " $ 7 7 % not > % $ ten 7 # for $ da $ Plan to be R filed * %' $ pursaunt to ERISA in $ connection $ with each each year ; and fyi Le ndre within ys foll owing the $ /0+4- <' "< < %G $ 7 % termin occrure ce n of any Reportabl e Eve nt that ght '$ $ $ consti ut et grounds on i ta of ialt Pla n by nsion Bene fit " $ " $ 7 any * $ # $ Pe # ' $ $ mi , R$ /5 K 7 %% " ' for < cap < 0 * " < the ? '$% $ Guaranty Corprotaion or $ % for the nt emt by approp at eri Un teid Stat es Di ctsirt Co urt of stee to ministe r any . 7 a " '$ % 6% $% '$ $ **% *% $ 4 $ ' %$ % $ appoin ** $" $ tru $ ad %* % $ & % $< < Plan < the C/0+4- " 7 1974 ' am " 7% " tim $ " $ time + " "ERI SA" measn the Employee Re tirement Incom e Secur ty i Act , as enedd from e to . - $ of ( 9 0 $ % " $ 4 % $< $ /"* < " ' 6 4 7 " $ foll N* ' ' Leg ' + > , '$' expe 6.17 Legal Fee s: Co sts. Borrow er sh all pa y the owi :gn (a) ses n and al Fees or inc urrde '$' 6 ' paid * % " > I * < B8 costs, in connecti on wi th < any " " $' amendm nts e, modifica ons ti or sre of prov isonis of K the n Do cumn;est (b) , exp se ens and > % waiv 5 %' K the $ *% 5 ' ' $ Loa ? " $'; N* ' ' " ' '$' B costs $ Lo $ " " $ % enfo > $ % $ $ Legal 6 ' Fees * paid % or %% incurred in conne tion c with oni tc or rce ntem of the an Do cum nt es, wh ether or % not t is ' fiR G ed l; $ the $ colle ? " $' $ sui ' $ > $ any %% > #5 (e) cost ,s N* ' ' expe se ns and l 6 ' Fees * paid % or inc rured in conn oneci t with Insolven yc Pro ecding e i+ 5 nvin volg a claim der the " un % Lega $ < + ' 5 < '$' B the ' ' > K Loan Docum ts; ne (d) cost s 7 of sui t and h ' " sum as the court y adjudg e as Leg al Fees n any oni to$ enfo rc e pa yment of suc $ 7 % 6 ' i %$ ma > ? " $'G '$' ' $ ' $ " " < * <" < act B li ' 6 ' inc $ prot > *% K Notes % or < any * part the erof; and , expen ses and al Fees urred to ect the ens an d sec tyuri inte res st under N* ' ' (e) Leg /4+4 ' % $< % the '$' $ + % ; 1 $ ' B costs ? " $' Coate lllar Docme u . nst $ 7% " Len % " 6.18 Lender /N* ' ' Expen ses. Wi thin ten ness si Da ys after demand from der to rower, Bor rowe r sh all pay > % F $ $ Bu , ' '' , %% % , %% % I $ Bor ' > % B % ? <' * < (or > E % $" %' > % ' /N* ' ' K pre % 5 reimbu ser Ledn er 7 % for * <" $ paymnet of) ngi Ex penes s not you vils rece ived by .de r *% ' < 7 Clos < Len ( 6.19 ' coo , %% % * > % pu 2$ % - $' 7 % the Oth er Act .s * Upon requ est < by Lend er, Bor rowre shall ate pe r wi ht Le nder for proses of, d > % " '$ * " ' ' 7 an @ % perform all act s whic h " < may be nece ssary or advisable t$ o '$ ' esta,blis h pe rfect an d/or mo nitro any en gr $ $ anted und re this reem ent > % % 5 ' C ' ag " $ % * $ ' * %7 %" '' %< % " $ < Li $ car $ intent > + of ? " $' % 7$ or alater Docu ntm ,se or to ry out the the Loa n Doc ume . snt % the $ 5 ? " $' %%< $ $ Coll ARTICL E 7 -= EV ENST OF FAULT AND MEDES I 0/ /?+/4 / /1:4 26 DE ?/6- >: -1? RE -0:+ >/ 7.01 C/5 $ : follow % $ $ " $ Events K of ? " Default. The ng i each will an even t of fault und re thi s ag ee r tm ne (an ent of $ ' 7 " 7 de 5 $ be B "Ev /N "' B (a) ? " ' > Doc da " any * <" $ paym nt e required und er the um nest i ' s not de wi thin 10 ys aft er the date wh en du e; $ % $ ma 7$ % B Q % $ Loan $ $ G <' < (b) $ 6 K % *% ' $ $ $ the Fin alcani In %" $ format nio or any esenatio tn or wa rrty na i n the nt sm e is ' ma allteyir inc orec rt or > Docu $ Loan ? " $' %% $< % ' " $ % < < repr ? 7 C De:)"tfaul B sl ng when " made % or pro vided; mieadi " ' *% 5 G $ = Trip le V Dai ry $2 Sm .m RLO C ^ 201 2 Herd /eFed D 5 ( [ )"" < Cre dit Ag er emen t " - " " 10 -S 42 (e) B *% % $ N ' K Borrower ' does K not B (i) * < pay B % (or ' cause * <" $ paym nte of) all taxes of , % Borrower % or '' '' asseed ss on B the $ % Collatelar prior B IQ , %" % 7 % Q % $ > the date when de nqu li ne; t (ii) " maintain B % (or ' cause $ to be " $ maint d) in ea all * ' polici se K of ' $ insurace n requirde % under the Loan ? " $' Docum nt es Q $G $ B $ % and * < pay B % (or ' cause * <" $ payment of) all *$ " % ' premiums for that ' % insurcnae on % or *% % prior $ to $ the date when G due; & (iii) " $ maintain the Collat ral e (or % + K B % cause $ the $ % Collatreal $ to be " $ maint ined) a in good $ condi ion t and % * % repai, r all + in % accordan ce with B the $ %"' terms and $ ' condition s 7 of B the > Loan $ ' Docutsm ;ne or 5 (iv) * %7 %" perfo mr when % Q " required % under < any 5 $ % covenatn under $ ' this % " $ agree nt. m e % ? " $'G (d) B the death 7 of B (i) < any , %% % Borrow r e who ' is an 5 individua , l B++ (ii) +K if , %% % Borrower ' is a * $' * partn rship e , any % general partnre of that B K * %$ % $ $ < (e) B a change in $ Q $< the equ tyi F 'K intees rt of , %% %G Borower; " (D the $ filng i of < any $ N tax lien '$ against , %% % Borrow, re < any " " % member or % general partner 7 of Borrow , re % or '$ aga nst i any 7 of B the % * %$ % , %% % 7 $ < ' $ 5 ' partner p i hs who ' is an 5 ind vidu i la, or B (iii) 7 if 4 "" % Borrower is the trustee % under a $% '$ trust $ acting + in that * $< capacity, any 5 $% '$ 5 ind vidu i la trustor % under % < * %$ %' * the trus;t $ $% '$; B7 $ Colltaeral and $ the ' " same ' is K not ' % discharge d of % % recodr within 8 30 <' days $ % after the date filed ; K $ R G $ % , %% % #% +' '$ (g) an + ' 5 < Ins veolcny Proncee g id is + " initied ta by , %; Borrower; % or < any + ' 5 < Insolcy nve Proceedgin initied at aga nsti Borrower #% < B( $ by $ % another Person ' is K not ' % discahge rd within 60 <' days 7$ % after R G filing; # %' < $ % $ ' W 7 % (h) Borrower or < any 4 ' %< Subisdia ry of , %% % Borrower ' is % or " ' becom es subej ct to 8 a " $ Judm gnet or " $'; Judgme : ns t (i) for the % , %% % B B % N % paymnt e of " < money in an % $ aggregate " $ amount B ' (as to all ' such " $' Judm gts en or % %' orde s)r excee ngi d $50 00 000 , ,. which are K not 5 % covered () E 7 * <" $ % 5 by * K indepe nde tn third pa rty insurce na as $ to whi ch $ the ' % % insurer ' does K not '* $ dispute 5 % covage, er or B++ (ii) that hav,e % or could % ' < reasonably be ' ' % $ % =* $$< < - 5 %' /77 $ *% ' expec det to 5 have, 5 < individu llya or in $ the % aggeagr te, a $ % Maetrial Advese r Effect and, in $ either case, B- (A) 7 % " $ enfo cerment proceeding s ' % $ N* $ are "" comm cende by < any % $ % creditor * upon < any ' such " $ Judm gen t, or B, (B) the er ' is a * % 7 period of $ ten ' $ 5 consecu ivet days % dur ngi which a '$ < stay 7 of $ % % % <' < ' pending * ** enforcemen t of < any ' such " $ Judgm nt ,e by % ' reason of appeal % or $ % ' otherwi e,s is K not in 77 $G effec;t a 7 % " $ < (i) B any ^/5 $ "Event 7 of ? $ $C Default" as $ $ that $ %" term ' is R defined + in $ the > Loan ? " $' Docum ntse other than $ ' this % " $ agreemnet which ' is $ not ' $ % $ < % cured $ within < any ** applicable cure % or % grace * % G perio;d % 7 K U) any 7 $ default in $ the * <" $ paymnt e or * %7 %" performa cen of a $ %" term % or $ condi on ti of < any % $ credit % " $ agreem en ,t note, ' % $< security $ < % 5 agree ntm e, mortgage , deed 7 of $% '$ trust, deed to ' % secure " debt, 5 or 5 other % " $ agreemen t or '$% " $ instrum nte evidcinegn or ' securing < any $ % other % % " " %$ 7 indetbedenss , or $ ' obligations of , % Borrower $ to > % Lendre or < any -7R $ ' Affiliates of > %G Lender; % 7 ' % '' liabilities (k) B! any $ % Mat al eri Adveres Effect ' as $ to , %% %; Borrow ; re - 5 %' /77 $ < B+ (1) any /0+4- ERI SA Event; /5 $G < (m) B% for more $ than $ ten <' days 7$ % after $ notice B"" from > % Lende,r , %% % Borrowe r ' is in 7 $ default % undre < any $ %" term, 5 $ coven nta or condition P % " % % (n) B P"" ' % 7 % " % for more $ than 8 30 <' days % after $ not cei from > % Lende,r , % Borrorwe is in detfaul under < any $ %" term, 5 $ covena nt or $ condition % $ * <" $ of $ ' this % " $ agrem eent not *% 5 ' < preously vi described in this 4 $ Section 7.01, which can be % cured < by the payment K of a ' " sum K of " Loan ? " $ Docum nt e ceases $ to be in 7 full 7 % force and 77 $ effect % or ' is " decla der void < by a & 5 % " $ Government l a Auth tyoir or 5 ' ' - < < K B % any * %$< party $ % $ theerot shall " clai m ' such 7 % < unenforcebility a or 5 $ %E' 7.02 Remedies. Upon $ the occuce rrne and % dung ri the contiion unta of a ? 7 $ De,taf ul Lend 'sre obligio ant to make $ $ $ 0 " * 7 $ " ! * 7 ' dis burs m neset of > Loan *% ' procee sd shall $ abaet. Upon $ the %% occurre cen of an /5 $ Evetn 7 of ? Defau, tl Lendre " <; may: B (a) $ $ withuot $ notice $ to 7 > % ' %' " $' Borrowe , r decline > Loan 0 Q ' ' Requests; (b) % declare < any and all 2 $ ' Obgation li s due and * < payab e, l without *% ' $" $ presennt, tm e not cei of $ $ intent to , "" % 7 $ $ + B acce erate l or $ not cei of acce le ration , demand , protest % or B % further notice 7 of < any ! kind, all 7 of which % are N*% '' < exper ssly waivde by , %% %G Borrower; " " 7 $ $ " *% $ ' % $ % 5 < 77 % $ and (c) N % ' exe secir all othe r % "' rights and $ % ' remeidse affoder d to > Lender % under $ the > Loan ? " $' Docum tsne or -** Appl cablei Law % or in Q $ $ 7 % " exce t p that upon an $ actual or dee med enrt y 7 of an % % order for relief $ with $ '* respect $ to , %" % Borrower % or < any 7 of + its 4 ' ' Subses ia idri in < any N *$ $ $ * $%< Invesoncl y Pro ngcee , id (i) < any R obligation 7 of > % Lendre to " ! make $ add tionali Loans shall $ " $ < autom callyat i be $ %" $ term nate id and B (ii) all > ' ' #% $ + ' 5 < B *% ' " $ Ob ga li stion shall Q" < autom callyi ta becom e due and * < payable, $ $ without presentm , ten demna, d proest t or any R notice 7 of any of " ' % < " *% $ '$ 2 $ ' C 7 < kind, all h % are N*% '' < express y l wai ved < by , %% % Borrowe . r whic 5 "" Trip el V ? %< Dairy ) $2. 5mm RLOC S 2021 D "@6 Herd/Feed )"" " % ] Credit - % " $ Agrem enet 11 43 98 ------·-·· ··--- -------------- -0:+ >/ ART CLE I 8+ •= 12:+ /4 NOT CES I 1 $ '] $ Part $ the # %$ ' "" ' $ $ comm All requests ces, i appovals, r conse ts,n and cations i nu between esi (collectively, s") e other **% 5 ' ' $' B $ 5 < "Notic - $ ' "Q ' ', not " '$ maile " % del 5 % $ the $ addre % '' '* R " $ % $ > ? " $' 7$ $ ' under " the terms and condit osn i of the Loan Documen s t must be i n wr tinig and d or ivered to ss spec fied i in that $ %"' % the in BR % Parties; a notice $ to $ the $ other cas ' any $ % Pers # %$ 'G and # %' Loan ? " $ Document, % or to designated by e of , on % '' ' $ > the $ address < other # %$< in < Party < any to Lender > %. All - Notices 1 $ ' wi C deemed " to $ be given 5 or K made " , %% % $ $ Pe # %' $ Borrowe to address ' $ designated < by that sr on in a notice r and ll be $ the % '' K delivered 5 % by or % (b) * * intended 5 $ actua , % % requests % Q '$' that > % 77 $ 5 $ > % ' $ effect $ < and other "" $ ' communicationsto Lender shall not be ve i until y ll received . Borrower $ Lender $ ; < Lender % on K * any 5 by of > % is ' $ $ $ rel act $ upon 1 $ ' purportedly behalf * * < given accept, and Lender " < may, at its * E option, *$ accept and entitled to y and $ $' % < < Notices > < or " % $ 7 ' " " $ * telefacsimi a % (including ; Borrowe , r 5 even $ if $ not " made in manner '* R speci edfi herein made verball , y by , e l email , or 1 $ ' " B Notices 5 % < , % < telephone, % foll % not 7 $ % form 7 %" of 7 Notice 1 $ "* $ $ preceded *% or % were other $% electro icn " ' means K of "" $ commun cation), i were incomp ete l or owed by $ % % < other < any B recipient, - telephon % the 5 $ from $ %"' thereof $% " any $ $ 5 % * $ varied R%" $ thereof $ terms $ % 7 , ' %'$ by $ * specified % here n, i or as understood . All c i '* R < confirmation < the "" $ ' $ > % reco " eac ' ' $' to > % 1 $ ' Notices $ to an d $ % other $ * !; telep cohni comm casiotni nu wi th Le nder ma y be de rd by e,r and h Party ch $ su # %$< consents " < < Lend % % record ng.i - 2 1:+1& ?0-6:+1& CON ?/6+1+:+214 ARTICLE 9 -=&/1/0-> GENERAL DEF ONS, TINI I ACCO NTING U MATTERS VENTIONS -0:+ >/ ( 21 /1:+214 -1? DRAFTING -::/04 AND ' $ are + this ' section % used ' i+ + ' agreement ' defined. R in $ %"' defined : %"' * $ ' so % " $ as 9.01 Defined Capitalized terms n this cept ( ? Terms. /N *$ R E Ex "M' R % unless $ % ' requ $ %" that '' the $ conte % Q % ' % " wh ' $ N$ $ $ is ' used ' in+ thi + ' as otherwise defined in $ ' this % " $ agreement, or tx otherwise res,i each term s agreement ich Article ' R ( 7 ' ' % to $ B $ $ %" in ( of 7 the is defined in Article of the UCC sha l l 5 have the " meaing n ascribed that term -%R 9 UCC. -%$ 9 $ C- ' C - '$" C C- '$E " decreased $ ' E $ increase " ' i+ % ' " ' to % ' or % decrease "Adjustmen " ' an % ' G 'Adjust ' means ; "Adjusted " means ncreased or ; and " t means + % ' % ' increase or decrease. - '$" $ ? C " ' the % $' of K $ % '$ rate a LIBOR $ on >+,20 I+ N date which 0 Loan > is ' or % may "Adj ment tsu Date' means each interest on ndexed Rate " < be % " $ $ $ ' Ad uj sted < by > % Lender * 5' purautns to this agreemen t. - W '$ ]- R ^ $ a Person # %' whic % $ an i 5 " ' $ % # 5' $ $ dir % " < "Affiliate " of h ' is <$ anyting h oth er than ndividual mea sn an other Perso n that ectl, y or indirec ytl % $ < % common $% " % $ %" % ' % ' % i ' $% $ 5 ' thr ough one % or more intermediaries , Contro s l or is Co tnrolled by s under l wi ht the Person specified . # %' '* R " "" Contro < or % assets +! foreign # $% $ Act , (b) any of ons ati l of '' $' control K the $% regu -" % $ ' 4- Patriot $ United $ $ the B < > 'C ]- $ d: %% % '% "AntiTerrorism Laws " mean " (a) B U.S.A. B the #0 *$ % V, % any % executiv % % 4 , ' $ States :% ' %< Treasury ? * " K Departme nt (31 , . Subtitle B, Chapter as amended) abl ngi legis on ati l or e order 4$ $ ' " or N 5 ' B8 C.F.R < en % $ % % money (e) % $ %% % '" relating there o,t and other Jaws ating to smi or . % $ " < laundering ' rel $ terror < $ % B any ] " > " me exi " ' N '$ % ' rul future K % " ' % 5' % ' regulations 'Applicab e l Law ans all sting and laws, orders, ordinances, es and or by vernmen l ta % $ ' of & 5 % " < a Go > shall $ in ' mean $ ' laws -** " those $ %" N " " Authority ; N " except that determining $ the Ma ixmum Rate , Appl cable i Law , orders, ordinances es and - + which regu ons ati l in effect as of the eof % or K if there change i n App icab el l Law ts i Lender erest on > % to * %" $' $ charge % int + $ % '$ B8 perm Lender " $' which > % wou $ " "E' * %" $$ $ % + $ % '$ % (b) + % ' ' the $ perm amounts d l not otherwise be permitted to charge interest , or ssible i rat e of teerst, the n * %" '' % $ $ K in $ $ ' B increases K i $' $ > as $ % $ 5 -** the new Appliable c Law ts effect ve i dat e. ' of ], % C $ , % & 5 % "' 7 Governors 0 ' %5 System 6 % "Boa "dr " ' means the Board of of the Fed real Reserve ed States ca rei. 7 the $ Unit $ 7 Am 4 "' of 4<'E " of -" % X, %% "C 5 "B orrow " re sha ll hav e the ning specifi ed i+ n the preamble of s agreement. ' mea " $ *% " thi '* + ' % " $ C, %% , ' "R + " ' a certi 'Borowing r Base Certificate ' means cate fi in a 7 %" form acc eptable to e, r properly comp eted l and fied i by *$ %$ R $ $ Lend > $ cert %R *% * < "* < 7 % * %* ' ' al , %% % K $ ' ** documen + % with , ' E " $ Borrow , r e for purposse of cal ng atcilu the Borrowing Base , together l supporting ion tat required . re $ , %% > % % Q % by < Lend ? <^ ^, ' '' " ' % $ % wh "Business Day' mea sn any other $ than a Sa turd , ya Sunday , or other day chi commercial s ar % e 4 $ % < "" % bank 4 < F !' < day < $ < on % Q % to + App K the 4 -** + Stat ' $ clos $ " au hori t zed or required e % undre the cab ie l l Law s of e K of Ca fornia li , or t clo es d in ate of . ia > ' % are fac $ $ the Californ ' $ in $ St 4 $ $ " ] ' C conditions > % $ ' precedent "Closing " mea ns (a) the ! " acknowledgemen t by er that tial Lo an are ied sfi or % *% to " ' the " $ all $ C ini % sat > ' ' < Lend B $ $ thi > $ initia ' % ' " E % " wa vedi in % accordan ce with s agre ment e , or (b) l Lo an is made, whi evhcer is er. 5 5 % 5 ' earli B the ? $ ] ' ' + "Clos ngi Dat e' " ' means the date of the . $ Closing ] C 7 1986, "Code " " ' means the Internal 0 5 Revenue Code m ti " me to me. of $ + " " fro ' amended 7 " $ ti$ " ( as E $% # %' $ % $ indiv 'Contro " l of which i ' s anything than an dual i means er to nagm ente and 7 a 5 * % Person " ' the $ pow $ direct % the <$ other $ ma " " $ 7 $ $ 7 vot polici se of that Per so,n directly or % $ < indirectly, whether p i of ngi securitie , s by ract t or % otherwis , e and * ' # %' $ % through $ % the $' * $ ownersh % $ < % 5 $ ' % $ ' $ $% $ the $ % ' E < con ? $% C 5"' terms C $% ^ "controll ng" i and "contro edl"l have mean ngsi corre ative l to the " " ' 5 %% $ 5 $ $ foregoing . 4 + * $ ind * R pub $ *$ "CPA' " ' means an ependen t certified ci l accountant acceptebal to . $ Lender > % 5 Trip el V ? %< Daryi $2 Smm . )"" 0>2 RLOC 201 2 Herdee /Fd D % 7 [ % $ Credit Ag reme et n - % " " 12 44 99 #- * "CPA - $ ^ Audit "de audited < by a #- CPA, + including an 7' auditor s' opinion. $ C "CPA Rev ewed i " means "5 reviewed < by a CPA , " including a $ 5 review % * % report. #- " ' #- 0 5 ' C ^? 7 $^ 7 time $ " % $ 5 K "Defua"lt means < any 5 $ event % or condition which, F $ with $ the * '' pas age of or the giving of $ notice % or $ both, would '$ $ $ constitute " ' an /5 $ Event ? 7 $ of Defau t. l ?% "Drawdown ? Date" " ' means in $ the ' case 7 of < any > Loan, $ the $ date on whihc $ $ that > Loan ;) is " mad.e C/ 5 % " $ > E "Environmental Law" " ' means all -** Appl cable i Laws $ $ % $ $ that relate to B (a) $ the *% 5 $ prevention , abatem nte or " R eliminat on i of pollu ion t, " % > ' * $ % $ % or the *% $ $ protection 7 of E the 5 % " $ environment , $ % natural % ' % ' resources B+ (includ ng i water 5 * ' vapor, surface water and ' ' %7 subsurface water, ' % surfaec and $ % % $ subsurface land, % air, Q $ aquat c i 7 life, $ wildlife, $ $ vegetation, and < any $ % other $ biota) % or " human $ health B (to $ N$ $ the extent % $ relating $ to N* ' % exposure $ to ' ' Hazardous $ % ' Materials) , or $ % natural % ' % resource " ' damages , and B (b) $ ' the use, % geon nerat , i handling , treatment, storage, Release , D % ' $% $" $ 0 ' '$ % % "*% ' 5 / 5 % " $ transportation or regulation 7 of, % or N* ' % exposure E to, D % ' Hazardous % ' Mat s,ali er including the Compr eivhen es Environm ntal e Response + E % % $ 0 '* ' $% '* %$ $ Comp nsation e and $< Liability - $ Act, 9 42 E4 E U.S.C. §§ ( 9601 d' Q et seq., $ the / % Endang eed r Species - $ Act. 16 U.S.C §§ 15 31 K et ' Q seq , . $ the 4 Solid )8 4* ' 4. ee "* ' $ ee Waste ? '* ' Dispos l a - Act, as amended < by ( the 0 ' % Resource ' %5 $ Conservat on i and 0 5 %< Recov rye Act §§ ( 6901 K et ' QE seq., $ the Clean - % Air - $ Act. 9 U.S.C. ee ' " F '$ - $ , 42 $% 42 44 U.S.C. §§ 9 7401 K et ' Q^ seq., $ the Clean F $ % Water - $ Act, 88 33 4 U.S C.. ee §§ ) 1251 $ et ' Q seq., $ the : N Tocxi 4 ' ' Subsces tna Control - $ Act, ) 15 U. 4 S.C. ee §§ 9 ee 2601 et seq , . $ the /" % < Emegr ency # Planning and "" $< Community 0 $ Right $ to . Know Ac ,t 9 42 4 E U.S.C. ee §§ 11001 $ et ' Q seq., $ %* $ %H#% ' <= the CarpPresl nt re-- ye - $ '$' QE Tann re D % ' 4 '$ Hazardous Substanc e - " Account - $ Act BD $ (Health 8 & 4 7 < Safety Code e )8 §2530 K et ' Q seq,.) $ the D % ' Hazardous F '$ Waste $% Control > Law BD " (Health ) & : % Code e ) 2 §2510 $' Q et seq ), . $ the 4 $ Safe ?% ! Drinking F $ % Water and : N Toixc / 7 % " Enforcent m e Act 7 of 1 (I 986 BD $ (Health 3 & 4 7 $< Safety e ) 9() Code §25 5 2. 94 et Safety - $ 4 $ $< - K seq ), . the % % Underground 4$ % Storage of D % ' Hazardous 4 '$ ' Subsances t Act (H ealth I & 4 $< Safety Code e ) I §25280 $ et ' Q seq ) . and $ the # %E PortColo er- gne BD $ ' Q Water 2 $< Quality $% Control - $ Act BF $ % (Water Code ) 8 §13100 K et ' Q seq ). . F $ % 4 E ]/0+4- "ERISA -7R $ C Affiliate" " ' means < any C ' trade % or ' '' business B $ % (whether ; or " not "* % incorprod) at e that, ' together $ with < any > Loan # %$< Party, ;) is 8 7 treated ' as a ' sing e l "* < % employer % under 4 $ Section 9 9B 414(b) % or B (e) K of 2 the Code, % or, ' < solely 7 % for * %* ' ' purposes 7 of 4 $ Secnoti 302 of /0+4- ERISA and Section 9 412 7 of the Code, ' is $% $ treated ' as a ' single "* < % % employer under 4 $ Sect oni 9 9 ; 414(b), B (e), B" (m) % or B (o) K of $ the Code. 4 " C/0+4- K < "ERISA /5 $] Event" " ' means B (a) $ the occurr nce e of any ]$ * %$ "reportable 5 $^ event" ' as 7 defined in 4 $ Secon ti 4043 c)( K of /0+4- ERISA % or " the 9 98B regu ons ati l issued thereunder , $ % other $ than $ ' those 5 $' events ' as to whihc $ the 30day notice * % period ' has been 5 E waiv,de with % '* $ respect $ to a $ Z $ 8 = < '' $ % % % $ ' Plan; B (b) < any % failure < by < any # Plan $ to ' $ '7< sat sfy i the applicable " " " minimum 7 funding '$ % ' standard s % under 4 $ Section 9 412 % or 98 430 K of $ the Code K or $ ** # ; Section 8 302 % or 8 8 303 7 of /0+4- ERISA. $ % whether % or $ 5 G not wa ve;di (c) $ the 7 + filing * %' $ pursuan t $ to 4 Section 9 B 412(c) 7 of $ the Coed or Section 8 B 302(c) Z of % 4 $ 4 $ B 7 ERISA of an ** $ application 7 % for a 5 % waiver 7 of $ the " " " minimum 7 funding ' $ standard with % '* respect $ to < any # Plan, the failur e B to " ! make < by +$' its due 7 % $ /0+4- date a % Q % required '$ " $ installment % under 4 $ Section 98 430U) of $ the Code $ with % '* $ respect $ to < any # Plan % or B the % faiure l to make < any % Q % required $ $ " ! contribut on i to a $ "* < $ Multiemployer # ; Plan; B (d) a $ %" $ determination $ $ that < any # Plan ' is, % or ' is N* " expe edct to be, in C K "at '!] risk" '$ $ ' status B ' (as R defin de + in $ $ Section 8 8B) ] 303(i)( ) 4 of /0+4- ERISA % or 4 $ Section 98 B B9 430( )(4) i of $ the G Cod ; e) B (e) $ the %% incurr ce ne by < any > Loan # < Party % or < any /0+4- ERISA Affiliate of < any 7 4 $ -7R K < + % '* $ $ liability % under : Title IV of /0+4- ERISA $ with respect to $ $ %" $ the termination of < any # G Plan; B7 (D $ the % *$ receipt < by < any > Loan # %$< Party % or < any /0+4- ERIAS < $$ Affiliate 7% " from $ the # ' Pension , R$ Benefit & % $< Guara tyn %* % $ Corproation % or a * plan " '$% $ % admioni rtstra of < any $ notice % $ relating $ to an inonteint to termnat ie -7R $ " $ any # Plan % or $ to ** $ appoint a $% '$ trustee to " ' % administer < any # Plan, % or $ the %% occurrenc e K of < any 5 K event % or $ conditi no wh ich cou dl % ' < reasonably be < " 7 $ %" $ expected $ to '$ $ $ const tutei grounds under /0+4- ERISA 7 % for $ the term natio i n of, % $ or the ** $" $ appointm t ne of a $% '$ truetse $ to " '$ % admini , rtes any # Plan; B (g) % ' % N* $ < the %% incurren ce < by < any > Loan # %$< Party % or < any /0+4- ERISA -7R $ ' Affiliseat of < any $< liabil tyi $ with % '* $ respect $ to $ the $ % withdrawal % or * %$ part al i % withdrlw aa from 7 $ B% " any Plan or Multiemploy er # G Plan; B (h) $ the % *$ receipt < by < any > Loan # %$< Party % or < any /0+4- ERISA -7R $ 7 Affi ate il of < any $ notice, % or the receipt by any % "* < % + * < < < Mul em it ploy re Plan 7% " from < any > Loan # %$< Party % or < any /0+4- ERISA - Affil atei of < any $ notice, % concernin g the "* ' imposon iti of F $ % Withdra w la Liability % or # 7 $ 7 R "* < % $< # % a $ deteon m r inat i tha t a "* < % Multiemp oyre l Plan ' is, % or ' is N* expected to be, in crica it l or % endage ned r statsu, winthi $ the " mea ing n of 4 $ Sect oni $ '$ 'E $ K 305 K of /0+4-G ERISA; B (i) $ the %% occu ernce r of a N "*$ nonexe mpt *% $ prohibited $% ' $ trantcasion (wi nhit the " mea ng in of Sec ion t 4975 7 of $ the Code % or 8 ) 9( ) K K 4 B $ 9 K $ + Section 406 of /0+4- ERISA) wh chi could % ' < reaosbly na be N* $ expeedct to % ' $$ res t lu " in " $ % mate alri liab lity i to < any > Loan # %$< Party; % or B U) $ the %% occurr ce ne $< 4 $ 7 of < any $ % other 5 $ event % or $ condit on i with % '* $ respect $ to a # Plan % or a 7 "* < % # Multiemploy er Plan $ with % '* $ respect $ to wh chi < any > Loan # %$< Party ' is ! < likely $ to $ + % " % incur maertial $< liab lity i other $ than in $ the % %< ordin rya %' course. $ % 5 5 " " ' - $ % < "Gove rnment l a Auth ority " means < any $ nation % or 5 % " $ govrenm nt.e any '$ % state or $ % other * " pol tici al subd on sivi i theer of, any agency, ' 5" $ % 7 < < $% authority , instrum ntality e , regulatroy < body, %$ court, " '$%" 5 adm nisati tr ive tribunal, central ! bank K or % other $< entity N 5 'E" exerc sign i execuve ti, '$"" $< $% $ % $< % $ %< N $ 5 E ' $ 5 W $ N + %< % " '$% 5 * %' % ' 7 % * %$ $ 5 "" $ legisl tiv ae, jud cia , il taxing, regultaory or adm nistverat ii powers or funiosctn of or pertanin ig to goverm n en t. "" $ % % ' " ' "Haza ruods Material" me ans < any ' '$ subst ce na, material % or wa ste that ' is % or " ' becomes ' desinged at or regulated ' as C$ N C "tox "c, i " $ % '$ % % $ ^ % ' ^ C '$ ^ % % "hadou zar s." "caustic, " C* $ $ C "pollutan ."t % or C $ " C "contam inant" or a ' " K sim aril des gnation i or $ regonulati under < any / 5 % " $ Enviorm n en tal Law % or cou dl ' $ % > ' % $ ' < reasona bly N* $ be expected $ to lead $ to $< liatyibil under < any / 5 % " $ > Environment al Law, and sh all ' also includ , e $ $ witho t u " $ $ lim tatio i ,n asbest so in ' '$ ' ' any 7 %" form that is % or could % ' < reaso banly be expe cted to become frieabl % or ' '$ ' asbestos $ contai ng i n maalts,eir polyc orlihtnaed bypehnyls N* $ $ " " $ % ' * < 5 $ < <* 5 ' or % radon ' gas, # I) PCBs, * $% " petroleum , * $ " " $' petroleum products , $ % natuar l ' gas and N* ' 5 explosiev or % $ 5 radioacteiv substnaces and O lead. G % ' '$ ' #% C C+ ' 5 < " ' 7 'Insolvncy e Procede" in g means $ ' E5 < the insocylvne of a # %' B Perso,n the ** $" " appointme nt of a % % rece ve, ri trustee, ' E cusaotn,di K 7 ' ' %5 $ % % seque,atrostr conserva or t or ' " % similar 7R offi alci 7 of < any * %$ part 7 of a # %' ' Person's *% * < property, an '' " $ ass gnmiten by a # %' Pesr on B % for $ the R$ benefit K of ' Q '$% $ % < "* V Trip el V Dairy ) ) CKC $25mm . RLOC 2 D % +6 Herd/Fede 0>2 201 " < Credit Agreement % "Y - " " 138 45 9) " 6 5 % any Federal Bank uptcy r Cod e or , !% * < $ % < other *" " % $ %' creditors, % or $ the 5 $ %< voluntary % or + 5 $ %< involuntary "" " K commen emen ct of < any pro ceeding % under the = * $ $ '$ a # %' !% *$ < bankruptcy % or + ' 5 < insolvency law. < by $ or aga nsti a # %' Peros n, including the wi ng nidup or Q liqdation ui of Person. % ' $ % % < % * <" $' 'I $ % W nterest / " Y Payme t n ? $ ^ Date" " ' means a $ date on wh chi regu yalr l schedued l payments 7 of $ % '$ inteest r are due. 0 " > % ' # " ' * % "" $ $ > ' $ $ Loan 'Interest Per od"i means $ with % '* $ respect to a >+,20 LIBOR + N Indexed Rate Loan, eac h period commenci g n on the date that is $ % '* $ 5 % $ $ N$ % $ $ $ ** - '" " ? $ made % or the appcable li rate ' is recalcu ated, l unitl the next Adjustment Date % or, 7 if % % ear ierl, the respect ve i Matur ty i Date. ? " $ % $< "5 ' "' 7 K investment 5 '$" $ < ' 'Investment" " ' mea s,n as $ to < any # %' Person, any diretc or % indirect Q ' $ acquisition or by ' such # %' Person, whether $ $ by < % $ % < % Q ' $ K * $ '$ ! % $ % 7 (a) # %' 5 " ' measn of the * % ' purchase or % other acqui ition s of capital stock or other ' % $ ' 7 securi ies t of $ % another Person , B (b) a l oan, adv cnae or % B $ % $ $ * % ' % 7 $ % debt $ 7 $ % capital $ contribution to, % $ guatee anr or '' "*$ assumption 7 of debt of, K or pur ahces or other Q ' $ acqu sition i of < any other or Q $< equity * $ % joint W $ venture 5 $ % $ % '$ $ % Per $ % # %' # %' participation % or $ $ '$ interest in, another Person, " " includ ng i any * %' * partnreship or interest i n ' such other son and < any * %R * R < $ '' % $ ' % (e) 5 '$ % guarant $ arrangement * %' $ pursuant $ to which the investor ee s indebtedness 7 of ' such $ % other Person , or or other * % ' % $ % %% " $ %" $ purchase B the # %' that % 7 assets '' $' 7 " K constitu '$ $ Q ' $ *$ 5 E acqu sition i (in one C ' tranosnacti or a ' % ' series 7 of " ' ' transa tions) c of of $ % another Person te a ' '' busi sesn unit; provided , $G B ' "" 7 5 $ $ " K $ "* 5 ' that $ ; for * %* ' ' purposes of covenant complian ce, the amount 7 of any Investm net sh all be $ the " $ amount $ < actu ylal invest , de without < + 5 '$" $ t 7 ' 5 % ' ' 7 % ' ' Q $ adjustme nt for subseuqnet increases or % ' ' decreases in he val ue of such I+ 5 '$" $ nvestment. ' " C " $C % 7 < W $ % %$ % $ % Governm • Judgmen t" " ' means a W " $ judgment, % $ order, wri ,t inju nctio ,n decree, % or rul e of any cou r,t % $% $ % arbitrator, or nta le & 5 % " $ - $ % $< Authority . C> '"%' " ' $$ % < K K "Legal 6 '] Fees' " ' mea sn < any and all ' counel,s attorney , * % para egal l and law %! clerk '' fees and disbursements , including , but not + " $ % 5 $ *% = % ' %' " $' 5 E limited to 7 ' fees and disbursements $ at the pretrial - , tr al,i ** $ applelate . di ' 7< scertio ary n review. % or any other leve , l %5 incurred % or * paid < by < $ % ' > % " $ "* $ Lenedr i n % 7$ draft ngi and $ $ $ negotiating the > Loan ? " $' Docum ts,ne closign the E% ' trans ons ctai con templated hereb ,y and protect ng i an d *" % < $ % ' ' % $ 7 % ? " $' enforcing $' its % ' rights and interests under the > Loan Doc um .ntse C> %C 7 ' % " '* R any K any '' ' of "Lender" ' shall 5 have $ the " mean ng i speced ifi in $ the *% " preamble of this agreement and successors and assigns of < ' '' %' < $ % 0' its 5 ' rights and $ ' obligat onsi under $ ' this % " $ agreement. ^>+,U0E , " % ; $ "LIBOR " " ' mea s,n for < any + '$ Interest # Per od,i the % % rate of $ % '$ interest ** % app ngeair on Bloombegr L.># P. B$ (the E4 %5 E 'Service ' ) # Page 7 7 ' '$ $ $ * $ 4 %5 % any ,,- 4D-F@B27R 8BAM1/ 0fficial ( SBA 4? USD ? % Doar ll Liba r 6 N ' Fixings) B % (or on < any ' '' % succesosr or sutubst tei page 7 of the Serv ce,i or ccessor $ % to or ' '' % < su "* $ % $ ' '$ $ $ ' * K Service ' $ 4 %5 substitute 7 % for $ the 4 @ Service *% 5 pro ding vi rate Q $ $ ' quo ons tati comparable $ to $ ' those %% $ < currently *% 5 provided on su ch page of the , sele cted % $ ' app K *% 5 " Q $ $ ' K % depos ** $ $ " $ dollar * ' ' amoun by > % Lender 7% " from $ " time to time 7 % for * %* ' ' purposes of prov dingi quotations of i" % ' nterest rates icab el l to st i in an t equal Q " $ < + the $ > $ > ' $ 7 % dollar $ * ' $' **% N " $ < + to $ the > Loan in London $ % ! interbank " ! K markte) at app or ximat lye 11 ; :00 "] a.m., London ]" time, as the $ rate for deposits with a $ $ $ >+,20 * 5 that $% $ $ $ time - W '$ matur ty i "* $ comparab e l to the ** appl cab ei l contract * % G pe od ir ; proded vi , LIBOR " < may be Adjus ed t 7% " from $ " time to n > %E' Lender's " $ % $< $ " i " '' othe '' ''" $ + ' % $ % ' 'E * ' ' % % $ %< costs disc etio r n 7 % for % ' %5 reserve % Q " $' requireme ts ,n deposit insur nc ae assesmnet rate s and r regulatory . C>+,20 %' 'LIBOR + N Indexed 0 Rate > ^ Loan" " ' measn a > Loan which bears $ % '$ interets $ at the LIBOR + N Indexed Rate. $ >+,20 0 $ C"C * ' E %% " $ * *% 5 "Lien" " ' means < any " %$ mortgage , pledge , '' " $ ass gnmnei t, depo t i s arr ang ment. e priv lege i , " $ encumbran e,c lien B'$ $ $ %< (statutory or % *% 7 % $ $ % '$ " 7 a other), % charge, % or *% 7 % E preference , *% % $< priority % or $ % other ' % $< sectyuri interest or prealfereni t arrang ntm ee i n $ the $ $ nature of urity i $ % '$ nterets of 7 $ % ' % $< sec ' or % other $ $ % $ $ % B " ' " $ any ! kind % or na ture $' 5 % whatoever s (including < any cond ona ti il sale ti le $ reteion nt agr e nt m,e any easement , % $ K right of way or < < < % ' $ 5 $ % other " % encmbrance u on $ $ title to real *% * %$< property, and any financ ng i lease 5 hav ngi sub stantially the c $ effect as of $ the $ same ' " economi " ' any ' '$ $ < < R < 7 7 % foregoi g) .n > " ' $ % % " $ "Loan ? " C Docum nets " means $ ' this agr eem nt.e the 1 Note. the Collateral ? " $' Documents , and all other % " $' agreements and % + % * 5* ' ' '$"" E' 5 Q % $ instur mnets required < by > % Lender for purposes 7 of 5 " evidencngi or ' % secung ri the > ' Loas.n ]> , %% % a % % coll $ 5 < 7 "Loan # "C Party" " ' means, 5 < indiv dulalyi and veec ly, it Borro wre and granter of a ' % $< security $ % 'E interest in the Collater l.a $ $ % > '' '] "' ' $' 'Losses " " ' means < any and all cla mis, sui ts, " ' R ' obligations, $' deb, st da mages , laies itbili (includin g, wiht out lm i itation, strict liabilities) , act ons i , proceeding , s $ ' 7 $ $ " $ $ '$% $ $ ' $ ' *% ' N* ' ' ' '' ' % 'E loss,es ' ' cost,s expens . se fines , * $ ' penaies tl , charg , se 7 ' fees, " $' Judgments , % ' awards, " $' amounts * paid i n > settlement 7 of whatev er ! kind % or $ % nature B (includign Legal 6 ' Fees . ) "5 % ' R " $ ] % 4$ !C " '' $ "Marg n i Stoc "k ' shall 5 have the me ng ani ass gneid to ' such B " term in 0 $ Regulation O U. C $ % % 7 ci % could % "'$ ' 5 $' % ' < "Mater al i Advers e /77 $C Effect" " ' means < any ' K set of rcumstan ces or eve nts which B (a) ' has or reason y al b be expected $ N* $ to - N %' % 5 5 %' K % < 7 > % $ 5 $< $ $ % " < of have < any " % matreial adverse $ effect ' as to the va dity li or enfoity rcea l bi or any ght % or remedy Lender under any n ? " $ Documen t or > K < ri% $ < Loa ' % # %' "" ; ** $ N* $ % ' < be $ be " $ % any material term or $ condition $ $ therein ' against $ the appl e icalb Person; B (b) is or could reasonably expected to materia l and < " 5 Z R K prop 5 %' $ # %' es $ to $ the financia l $ condi ion t, ' '' business '' $'E asse ,st * % $ ' operations , or rty e of " the ** appl ecalbi Pe rso,n includin g any material adver *% * % < < " %E % "* %' $ abil * 7 $ N* $ + " < port oni of the % G Collateral ; % or B (c) " $ < mate ialrly imrspai or could % ' < reasonabl y be expeed ct to matlaly eri i "* % mpair the tyi of applicable "< 7 the ** # %' $ 2 $ ' to * %" perform the Obligat on.s i Perosn $ D @7 )"" 0>2 + * Trip el V Da ryi ) $2. 5mm RLOC 2012 Herd /Fed ? 5< - % " " B "" Cretdi Ag er ement 9 14 46 9 ---- ··-· ···-·- --------- " " ' W E charqed without " < be -** > 'Maximum Rate" means that rate per annum which , under Law, may subjecting.L> % ender % Applicable "" " 0 $ " ' $ $ % $ * % " K $ N '' of " being " + ' $ ' ? " $' > " % $ $' > % ' to civil or criminal liability , or limiting Lender's rights under the Loan Documents as a resu lt . of in excess the " N "S] uoon wnic h 5 % "" $< % " $ * te " $ upon < amount 0 ! N$" " Rate "" the B Maximum N *K that pay interest rate which Borrower is permitted to contract or agree ; except on any % to * <; $% $ + $ % '$ % $ , $% % ' * %" $$ E * % $ % 1 'K will " interest Lender is be zero percent. charge * " to J permitted ' not > % *% " ' ^ _provisions E the ' W $ to K ERISA /0+4- subject. 9 "" + Sec~ion R in ' defined 4 $7 ~001 "Multiemployer Plan ' means a multiemployer plan (~)(3) of " as " "* < % " ' # K " % K 4 $ + R ' 8B) of "* < % +4 $" /0+4- of Title IV of /%+ 4- ERISA and of which any Loan Party $ or any < ERISA Affiliate rs an employer" as defined in Section 3(5) > # %$< " < " respect % '* in + K : ' + E E c /0+4- ERISA. " " % ' > % arising , % to J Lender Borrower R ' of ] "" ; 'Obligations' means + all loans, advances , d debts, indebtedness, and obligations + liabilities U" "E 'C ' 5 ' K 7 % the " payment % $ * <" $ of F $ % or whether + '$% " $ and % instrument $ or pursuant to of $ the > Loan Documents not 5 < evidenced by a note not for % $ B5" % or ? " (whether $ any * %' " < 7 ; " % $ $ ' $ % money), whether now existing or hereafter arising, whether direct , indirect , absolute or contingent, due or to become due , """ % $ % ' " < $ % N" % % % * K and ' 5 $ several. W $ relat,de % " unrelated , fiRN xed, liquidated , joint , ' 5 $ % several, or joint Q Q $ , unliquidated % ^ % Q % ' N requires $ context K another ' the ? " $ $ 5 > ·~ $ $ %' refers < only $ to· a " named * %$< party to agreement or Loan Document , as . + this $ ' % " $ % '$5 7 ' E R ', %$ R $ ' "Permits " me an any approvals , notifications certifications , registrations , ' ' permits * %" $', **% 5 ' ' ' leases, C# %" $'; +% ' ' licenses, franchises, all " < and $ 5 Q % to **"5 ' required approvals K way *% 5 ' and > ' and $ % % ' other authori ations z , exemptions , qualifications, easements , % $' rights of , Liens rights, privileges Q R $ ' ' " $' < " $ ' N "*$ ' > E be ed from a & 5 % " Z Governmental- $ % Authority % under < any -** Applicable Law . 7% " $ obtain W $H'$ ! ^# %' C '' $ 'Perosn" means individual, a %* % $ corporation , " limited liability on , i joint stock 5 $ % , associat * 5' *, joint W K venture $< company, 5 " ' an "* < partnership % % political * $ subdivision ' 5 ' 5 % " $ % company , trust, unncorporated i organization , or other business a government or any % $ % ' '' entity, < or < or % $ < agency % 'KE %* "$ "* < thereof . $ % 7 ] ] the + 7 Titl *% 5 ' ' of Multiemployer "Plan" means any employee pension R$ benefit plan e IV ' W $ to $ provisions : $ $ "* < % Plan) * (other B % than $ a " ' < # subject "* < * ' K which 8 -7R $ is in B '* $ of of /0+4- ERISA % or Section 412 7 of $ the Code % or Section any ERISA > Party /0+4- and any /0+4- Affiliate 7 ERISA respect 4 $ 302 8 of 4 $ 9 K < Loan " < # %$< or C "* < 7 $ ERISA deemed 4 $ 4069 9 ( of /0+4- be " to be) "employer ' defined R in + Section 4 $ 3(5) (or if ' such plan under Section " as 5" would * were % 5 terminated an 8B) B" K of /0$4-E ERISA. % ] "Prepay " " ' means to Prepayment. $ make " ! a #% * <" $ C C#% <" C % a nt"e means all or to the e when e, "Prepaym K the * principal $ unpaid * * balance > prior 7 C portion * %$ of of Loan $ + dat * <" $ of K a " ' a payment *% % $ du 7 % $ wh ether 5 $ %< voluntary , < by reason acceleration , or otherwise. % ' of $ % % $ % ' C ]0 $ "Regulation U" ther under e and the erof. % " $ means the Board as from time nterpretations , % ' 7% " $ " to time 77 $ and official 7$ $ " in all " ' Regulation 0 $ U % ' and i $ %*% $ $ ' 7R rulings of effect ]0 ' ^ "Releas " e " ' means < any * E placing, spilling, leaking, see page, pumping , emptying , ' $ discharging , injec ting , * "* , pouring, ' * " $$ * % emitting '* + ! W " "*$< escaping , + leach ng,i dumping , disposing , depo iting s or migrating '* '" " % $ in, ' * * ' $ % into or % onto % through $ % the "* $ or 5 % " " environment. "" C4 ' C means " of a # %' Person which s anything business entity h a majority "Subisdiary " ' a ' '' 7 $ an individual 7 whic i ' <$ other than K the $ $< of " W % $< of $ $ shares 7 of ' % $ ' securitie s K or oth er + $ % '$' interests 5 having $ %< ordinary voting of directors at the % the $ election $ % % %' or 5 $ power % K 5 % body * % for " $ ' % other $ governing $ < are tim e R" < beneficially owned , % $ or the " " " managementof which is e controlled , 5 < directly, or rectly i by on s. Un less ' otherwis % ' % " 7 $ $ Per '' # %' % ind % $%< < that C4 ' % 'C C4 ' % State 4$ $ C - $] " ' "U A.S.. 4 - # K Patriot Act" means the Strength ning e Am erica by redi to $ and $ Uniting 4$% $ -" % #% 5" Appropriate -**"* Tools 0 Q % : ' Requ < Providing 7 200 $ $ *$ Intercept and Obstru tc Terrorism , 1 Public 10756 (signed October 26, . : %% % '" Act ? '$" $ on $ law # Law > =) - $ of 2 $ % B' into 2001) ]F % > $ % % $ % ' $ forth ratio % $ or % requirement ? " " Lend *% ' %5 % Q " to 7 in $ $ prese < > " < amend ( 9.02 origin l a intent the erof in $ light of thai change . K $ $ B %"K % $ $ $ 9.03 Drafting Conventions. Unle ss expressly tx $ % ' otherwise requires , the $ conte K the $ % or '' ( 8 '$ $ therein E N$ $ Loan > % Q % 'E N*$''' < stated 2 5 E ^ $ C C ' ] s $ will be $ %*% $ interpreted in ce with the following : ' ) (a) s "include " , "includ ,"se Document % 7$ Conventions U 5 $ '^ ; accordan $ $ % $ word ? " $' 7 (the % ' BU "Drafting B the ^ " limitation'; and C+ C "including ' are be % read as f they es "without ss otherwise expressly stated, + " ; (b) " phra + '' P by % to *" ' + ' i 7 ' $ % ' N*% '' < $ < were followed < the B unle terms and provision s applicable to two Persons sha ll ** < apply on dual, vi i as ll as tive c bas s;i (c) ad ngis and an ** $ % 5 # %' ' *% 5 ' ' $ or % more ' $ ind ' we ' colle 5 " ' $ %"' ' 'G B he Smm 0>2 RLOC 2012 He drFee / d D "@6 4 "" ? "Y $2. "" V5 Dairy Triepl Credit Ag erem tne - " " 9K 15 ) 9 47 K captions % are *5 5 provided 7 % 5 convenienec only and do K not $ affect $ the " me ng ani of $ the NK text which follows ; B (d) % 5 ' reference s J to an 7 '; *$ ' +< % agretem ne or ' "" instrum nt e means that agrem enet or '$% " $ instrum nt,e $ $ % together $ with all N$ '" ' extension ,s rens,ewla modifi s,nocati substi suti nto % ' " R $ ' $ $ % " $ % " $ ' ' ' % " ' % and " " $' amendments the erof, subjetc $ to < any % ' $ ' restrictions $ % theroen in " K % " $ that agrent em e or ' " $ instrument % or in $ the > Loan ? " 'G Docum nts e; (E) -1A ANY ' W $ % B/ tor ,A >/1?/0 +1 4D->> ,/ REPORT 20 OR ?2 /1: DOCUM NT E TO ,/ BE 0/ /+ /? RECEIVED BY LENDER SHALL BE 4-:+46- :20A SAT SFAC I TO YR IN 620 FORM -1? AND 21:/1: CONTE NT : TO :2 0/#20: LENDER ; B6 (F) FD/0/ /0 WHEEV RRE (I) >/1?/0 LEND RE /L/0 +4/4 EXERC SES I ANY 0+&D: RIGHT &+ /1 GIVNE :2 TO +: IT :2 TO -##02 / APPO R VE OR ?+4-##02 /O DISAPPROV E, (li) ANY -1A 20 -1A >/1?/0G B+K B+ ARRANG NT EM E OR TE RM +4 IS :2 TO ,/ BE 4-:+46- :20A SATISFACTORY:2 TO >/1?/0 LENDER , OR B+ (lii) -1A ANY 2:D/0 OTHER ?/ +4+21 DECISION 20 OR ?/:/0 +1-:+21 DENATION TERMI 20 :/0 20 -00-1&/ /1: -1? IS TO BE -?/ MADE ,A >/1?/0 BY LENDER , :D/1 THEN /L /#: EXCEPT -4 AS -A MAY ,/ BE 2:D/0F+4/ /L#0/44>A OTHERWIS E EXPRESSL Y AND 4#/ +6+ ->>A SPE CALLY CI IF PROV DEDI +4 :2 ,/ #02 +?/? THER IN, E :D/ THE ?/ +4+21 DECISION :2 TO -##02 / APPROVE 0 OR ?+4-##02 / DISAPPROV , E ->> ALL ?/ +4+214 DECISION S :D-: THAT -00-1&/ /1:4 ARRANG TS EME N OR :/0 4 TERMS AR E 20 -0/ :D/0/+1 SAT SFA I CYTO R OR 12: NOT 4-:+46- :20A SATISFACTOR , Y AND ->> ALL 2:D/0 OTHER ?/ +4+214 DEC SIO I NS AND ?/:/0 +1-:+214 DETERMINA IONS T MADE ,A BY >/1?/0 LENDER , -?/ -1? 20 -1? 4-:+46- :20A SHALL ,/ BE +1 IN TH E 42>/ SOLE ?+4 0/:+21 DISCRET ON I OF >/1?/0 LENDER, F+:D2 : WITHOUT 0/&-0? REGARD 620 FOR :D/ THE -?/U - ADQ E UAC Y OF -1A ANY 4/ 0+:A SECURITY 620 FOR 26 26 4D->> :D/ ! THE OBLI ONS; A GTI (g) wh enever < by " the $ " terms 7 of $ the > Loan ? " $' Docum nt ,es Borrower i+' s *% " prohibited 7% " from tak ngi an $ action % or , %% % 5 % :D/ 2,>+&-:+214G B $ ! permitting the ce 7 of ' " some " "'$ E , %% % circumstance , Borrower ' shall $ not, % $ < directly % or % $ < inredictly take $ $ that $ action or * " pertmi $ $ that * "" occurren % circumstance , % or % $ < directly % " < or indirectly * %" $ permit < any 4 ' %< Subsid ary i to $ ! take $ $ that $ acon ti or * %" $ permit B $ that % "'$ G circumstan ce; B (h) 5 evidence of B the 7 $ % "'$ 7 occurr nc e or = %% non-occurrenc e of < any 5 $ event, % or $ the N '$ exi stecne or H N $ non-stex ence i of < any % "'$ circum ectans to be 5 % delived er to Lender % $ % 7 $ > $ % 5 ' must be in a form satisaf ctory to > %G Len;der (i) '' '* R unless specidefi othwise er , refere ces n to a ' $ statute % or % $ $ regultaion " ' measn $ $ '$ $ $ % that statute or $ %" ' $ '7 $ %<] $ % ' " 'K B *% 5 ' ' reg ation ul as " amedn ed or ' ** " $ supplemented 7% " from " time to $ " time and < any %% '* corrng espond i prov sion i s of ' '' % successor '"! ' statutes % or % $ % ' regu ation l ;s U) '' unless $ % ' otherwise '* R spe fiedc,i all + 7 % '$ references to a $ " time K of < day % are % 7 % ' refere ce ns to $ the $ " time in 7 % G Cal fornia i ; (k) % 7 % ' references to $ % $ 'G $ B! C" $ C '' $ % ' "month' % or < % "yea"r % are $ % ' references to a % calendar " $ month % or % calendar < year, % '* R5 < respectly iv ,e unless otherwise '* R < *% 5 G specifically provide; d B+ (I) +7 if B any date '* R specified + in E ' this " " $ agreem nte ' as a $ date P % for $ ! tak ngi $ action 7 ' falls on a < day $ $ that ' is $ not , ' '' a Business ? < Day, $ then tha t $ action " < may be $ $ < $ taken on $ the N$ next , ' '' Buisness ? / • +4 />>-1/2 4 / $ % 10 01. Entire - % " $ Agreement. : ' This % " agreenm et and $ $ % the other > ? " $' Loan Document s, <; collvelecy:it (i) % *% ' represen t the ' " sum 7 of the $ B $ ' % $G %'$ ' und steandings r and % " $' $ agreements between > % Lender and , %% % Borrowre % concerni gn this credit; B++ (ii) % * replace < any *% ; prior % oral or written " % agreem nt es between > % Lender and , %% % Borrowre concerning $ ' this % $; crte; di and B (ii)i % are $ intended by > % Lender and , % Borrowre ' as $ the R fin, al $ % " $' % < com ete lp and N ' 5 excluisve '$ $ " $ statemen t 7 of $ the $ %"' terms 5 agreed $ to < by $ " them. + ln $ the 5 $ event of < any $ conflict between thi s % " agreentm e and < any ""*$ $ "' other % " $' agreem nts e requ red i by this agreement , $ ' this % " $ agreeme nt will *% 5 prevail. $ % % Q % $ ' % " $ < 7 " % 10.02 Joint and 4 5 % Several 2 $ ' Obligtaions. If , % Borrower '% $' consists of moer $ than one # $' Perso,n each , %% K Borrowre B (a) N* '' < express y l $ acknowed ges l that $ it has benefited and will R$ benefi , t % $ < directly and % $ < indiecry, tl from each > Loan ! 5 ' and acknowl edg es and %$ ! ' undreakes, t $ $ ' R$ % ! ' $ $ % W $ toget reh $ $ with the $ % other , %" '%' Borrow rs ,e joint ' "'K and several $< lai bility 7 % for $ the * punctaul * <" $ payme tn when due, % whether $ at '$ staed t " % $< matruity, by < % % $ ^+ K acce era iontl or $ % ' otherwise, of all 2 $ 'G Ob ons ga lii ;t (b) ! ' acknowle des g that ' this % " $ agreement ' is $ the + * $ indepent ned and ' 5 % sevealr obl gat on ii of 7 B each , %% $ Borowe r and may be " % enforecd '$ again ts each , $% % Borrower ' * % $ < separatel ,y wheterh or $ not 7 " " $ enforcntem e of < any $ right % or % " < remedy % $ % " < 5 % ' hereun der has been ' $ sought ' against any other / %; Borrowe ;r and B (c) % ' ager es that its $< liability $ % hereund re and under < any $ % other > Loan $' ; < 2 E Document ' is ' $ absolte u, unc,ondit onali continuing and %% 5 irrevoca.bl e BORROW ER /L#0/44>A EXPRESS YL WAIVES AN Y 0/U +0/ /1: REQU RE TNM EI ,2002F/0 $ E -1A ? " $ F-+ /4 +D-: -1? -1A TH AT >/1?/0 LENDER /LD- 4: EXHAU TS AN Y 0+&D: RIGHT, #2F/0 POWRE 20 OR 0/ /?A REMDYE AND #02 //? PROCEE D -&-+14: AGAINST :D/ THE 2:D/0 OTHER ,2002F/04 BORROW ERS -1A UNDER TH SI -&0// /1: AGREE ENT, M OR AN Y 2:D/0 OTHER >2-1 LOAN ?2 /1:4 DOCTS UM N, E OR -&-?14: AGA NST I ANY 2:D/0 OTHER #/0421 PERSON 1?/0 UNDER -1A ANY :D+4 20 -1A 1?/0 20 & -0-1:A GUARANTY 26 OF, 20 OR 4/ 0+:A SECURITY 620 FOR, -1A ANY 26 OF :D/ THE 2,>+&-:+214 OBLIA GTI ONS . 8 10.03 Authority $ to , Bind , %% % Borrow r.e If , %% % Borrowre ' is "*% ' comp sedi r of multiple # %' ' Pesr,son any # $' Person comp in gsri 7 " $ * - % "*% ' < , %% % , %% % Borrower is thorize d to bind all * %$ ' parties "*% ' comp sing ir Borr. owre F $ With tuo " $ $ limitanoti of $ the 7 % foregoing , > % Lender " < may % Q % require < any > Loan $ % ' au $ $ Requets % or 5 other % Q '$ reqeu,st $ % $ author on,ziat i or $ % other $ action < by % or on 7 behalf 7 of , %% % Borrowe r be < by on e or more 5 ' individu s la des gna edi t in % % " % 0 Q '$ ' $ # %' C , %% % writng i < by $ the * %$ ' parties "*% ' com sinirpg Borrower B (a ^? ' $ "Desig edatn Pe ors.n' ) Lender " < may, $ at < any $ " time $ and wioht ut not cei, wa vei < any *% % prior > % % $ 5 % Q % " remeni t that reques s,t autho zatis,oni r or $ % other ' act onsi be $ ! taken < only < by a ? ' $ # %' Desi ate ng d Pers.on requ $ $ % Q '$' % $ 5 $ ' -'' 'E 4 '' %' , : 10.04 Binding /R $ Effect¡ Successors and Ass gns i. The > Loan ? " $' Docum sen t wil % inure $ to the efit K of and be binding 9 F+C $ ben R upon the parties and B % their % '* $ 5 resp veecti successors and '' ' ass gnsi , except $ $ that , 5% % Borrower " < may $ not '' assign % or $$ ' % transfer any of $' its R $' rights $ or ' '' %' $ * %$ ' * N *$ < 7 on ii st under < any > Loan Do cum nt e without *" K prior wri tten ' $ consent K of $ the > % Lend. er oblga % ? " $ $ ' % $$ * Trip e l V ? %< Dairy $2. Smm 0>? RLOC 2012 D " 6 Herd/Feed R"" Cred t i Agr eemen t % $ - % " 16 c ccc 48 c9Ic 1 ) O.OS % $ ' , %% % Assignment¡ # %$ $ ' Part cipations. i Borrower ' shall not assign $' its % $' rights or obligat ons i hereunder $ $ witoh ut > %E' Lender's $ '' % % -'' " $G ' $ * * $ ' consent. > % Lender " < may '' ass gni % or sell participations in all % or < any * portion $ of $' its $ % '$ interest in $ the > ' Loans % or % under $ the > Loan ? " ' Documents$ to ' $ any # %' Person. > % Lender " < may ' ' disc ose l to < any $ actual % or * $ $ potent al i '' assignee % or * %$ * $ partic pant i any 7 %" $ informa onti that Borrower ' has 5 % delivered $ $ $ , %% % < < to Lender in R conenction $ with $ the > Loan ? " 'G Documents ; and Borrower ' shall * % $ cooperate < fully $ with > % Lender in *% 5 providing $ $ that $ %" informat on. i , %% % If $ > % 5 > % Lender '' ' assigns % or ' ' sells a * * partic patio in in $ the > ' Loans % or $ the > ? " $' Loan Documents, $ the * % ' % pucr haser will have $ the right of ' $= C set-off '$ against , % Borrower. +7 10.06 4 5 % $N Severab lity. i Any provision of < any > Loan ? " $ Documen t wh chi ' is *% $ prohibited % or 7 " unenforceab e l in < any W % ' $ jurisdiction - < *5 5 ' sha,ll as lo that jurisdiction, be ineffective to the extent of such proh onit bi i or unenforceabìlitywiht out inval nda gi t the remaing ni % % provisions 7 of tha t > Loan ? " $ Docment u or R $ affecting $ the 5 $< vatydlii or 7 % $< 27 enforceabi ity l of " K that *% 5 ' provision in < any $ % other 5 G jurisdiction; "*K except $ $ that if *% 5 ' ' ' $ % ' such *% 5 ' prov onsi i relates $ to $ the * <" $ payment 7 of < any " $ %< mone ary t sum, the n > % Lender " < may, $ at ' its *$ option, % declare all 2 $ ' Obgations li immediate y l ' " "" $ < due and * < payable . ' ' $ $ $ W % ' $ 77 $ 5 $ N$ $ $ ' *% $ % $ % < $ $ 5 $ % " ( -" " $' 10.07 Amendments + in F" Writing. : The > Loan ? " $' Document s " < may $ not be " amended , changed , " R modified, $ % % altered or $ %"" $ $ $ $ *% % termi ated n witho t u the prior % written ' $ consent K of all # ' Parties to $ the 5 '* 5 respective > Loan ? " $ Document. I N*% '' < '$ & 5 " 10 08 . Governing > Law. /N *$ Except ' as expressly stated $ $ therein, $ the > Loan ? " $' Documents will be 5 % governed and + $ %*% $ interpreted by ** < app ng yi l the ' laws of $ the 4$ 7 State of 7 % Ca ifornia l (the C& 5 % "Governing > Law 4 $ ^ State ) " $ $ without % % regard $ to +$' ils $ conflict $ of ' laws *% *R ' princ es pl. i $ B$ < -1? /1 / 0+4?+ :+21 ( 10 09 . JURISD CTION I AND VENUE . ,2002F/0 BORROWER +00/ 2 -,>A IRREVOCABLY-&0//4 AGREES :D-: THAT, -: AT :D/ THE 2#:+21 OPTION 26 OF >/1?/0 ALL - :+214 ACTIONS, #02 //?+1&4 PROCEEDINGS20 OR 2 1:/0 >-+ 4 COUNTERCLAIMS-0+4F& ARISING 2 : OUT 26 OF 20 OR 0/>-:+1& RELATING :2 TO :D+4 THIS -&0// /1: AGREEMENT LENDER, ->> OR -1 ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUMENTF+>> WI 0 LL ,/ BE >+:+&-:/? LITIGATED +1 IN D/ THE 4 #/0+20 SUPERIOR 2 0: COURT 26 OF ->+6201+CAL FORNIA I , FRESNO 2 1:AE COUNTY, 60/412 20 ->+6201+- CALIFORN A, I OR :D/ THE 1+:/? UNITED 4:-:/4 STATES ?+4:0+ : DISTR CT I COR U T 620 FOR :D/ THE /-4:/01 EASTERN ?+4:0+ : DISTR CT I OF ->+6201+CALIFORNIA . ,2002F/0 BORROWER 2 0: 26 -1? +00/ 2 -,>A IRREVOCABLY 214/1:4 CONSENTS :2 TO 4/0 + / SERV CE, I JURISD ON CT ,I I AND /1 / 26 VENUE OF :D24/ THOSE 2 0:4 COURTS 620 FOR ->> ALL 4 D SUCH - :+214 ACTIONS, 0+4? :+21 -1? -1A PROCEEDINGS-1? AND 2 1:/0 >-+ 4 COUNTERCLA MS I AND F-+ /4 WA VES I ANY 2:D/0 OTHER /1 / VENEU :2 TO FD+ D WHICH +: IT $&D: MIGHT ,/ BE /1:+:>/? ENT TEL ID BY #02 //?+1&4 ,A VIRTUE 26 OF ?2 + +>/ DOM CILE, I HAB TUA IL RESIDENCE 20 OR 2:D/0F+4/ OTHERW SE . I FINAL ?& /1: JUDGMENT-&-+14: AGAINST ,2002F/0 BORROWER+1 IN -1A ANY 6+1-> 0/4+?/1 / D-,+: -> +0: / 4 D 4 +: SUCH - :+21 ACT ON,I SU TI 20 OR #02 //?+1& PROCEED NG I SHALL ,/ BE 21 > 4+ / CONCLUS VE I AND -A MAY ,/ BE /1620 /? ENFORCED+1 IN -1A ANY 2:D/0 OTHER 4D->> -1? 4 +: 21 20 :D/ ?& /1: 0+4?+ :+21 ,A JURISDICTION BY SUIT ON THE JUDGMENT, - A /0:+6+ -:/ CERT CATE IF I OR /L/ #>+6+/? EXEMPLIF ED I COYP OF WHICH 4D->> ,/ SHALL BE 2#A 26 FD+ D / +?/1 / 21 > 4+ / CONCLUS VE I EVIDENCE 26 OF :D/ THE ?& /1: JUDGMENT20 OR +1 IN -1A ANY 2:D/0 OTHER -11/0 MANNER #02 +?/? PROV DEDI BY >-F LAW. ,2002F/0 BORROWER ,A +00/ 2 -,>A :2 IRREVOCABLYF-+ /4 WA VES I TO :D/ THE 6 >>/4: FULLEST /L:/1: EXTENT #/0 +::/? PERMITTED ,A BY -##>+ -,>/ APPCABLE LI LAW B- (A) -1A ANY 2, / :+21 OBE ON J CTI WH CHI IT >-F FD+ D -A MAY D- / HAVE 12F NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTURE A2 TO :D/ THE >- +1& LAYING 26 OF :D/ THE /1 / VENUE 26 OF -1A ANY 4 D SUCH - :+21 ACTION, 4 +:20 SUIT OR #02 //?+1& PROCEED NG I +1 :2 +1 :D/ 6+04: IN -1A ANY 2 0: COURT 0/6/00/? REFERRED TO IN THE FIRST 4/1:/1 / SENTENCE ABOVE ; B, (B) -1A ANY >-+ CLA M I :D-: THAT -1A ANY 4 D SUCH - :+21 ACT ON, I SUIT 20 OR -,2 /G 4 +: #02 //?+1& -1 +1 21 /1+/1: PROCEEDING D-4 HAS ,//1 BEEN ,02 &D: BROUG T H +1 IN AN INCONVENIENT620 G FORM ;U B (C) +:4 ITS 0+&D: RIGHT 26 OF REMOVAL OF -1A ANY -::/0 MATTER 0/ 2 -> 26 2 /1 /? COMMENCED, BY -1A ANY 2:D/0 OTHER #-0:A PARTY +1 IN :D/ THE 2 0:4 COURTS OF THE 4:-:/ STATE 26 OF ->+6201+- CALIFORNIA:2 TO ANY COURT 26 OF :D/ THE 26 :D/ -1A 2 0: 1+:/? 4:-:/4 FD+ D UN TED I STATES 26 OF - /0+ -G AMER CA; I (D) -1 ANY + 1+:A IMTY MUN I WHICH +: IT 20 OR +:4 ITS -44/:4 ASSETS -A MAY D- / HAVE +1 IN 0/4#/ : RESPECT 26 OF +:4 ITS B? 2,>+&-:+214 1?/0 OBLIGAT ONS I UNDER :D+4 TH S I -&0// /1: AGREEMENT20 OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUMENT 602 FROM -1A ANY 4 +: SUIT, /L/ :+21 EXECUTION, 20 -::- D /1: ATTACHMENTBFD/:D/0 (WHETHER #02 +4 21-> PROV ONAL SI I OR 6+1-> FINAL, +1 IN -+? AID 26 OF /L/ :+21 EXECUTION, ,/620/ BEFORE ?& /1: JUDGMENT20 OR 2:D/0F+4/ OTHERW SE) I OR 20 2:D/0 OTHER >/&-> LEGAL #02 /44G PROCESS ; -1? AND B/ (E) -1A ANY 0+&D: RIGHT +: IT -A MAY D- / HAVE :2 TO 0/U +0/ REQUIRE :D/ THE 2 +1& MOV NGI PARTY +1 IN -1A ANY SU T, I - : 1 ACTION #-0:A 4 +: 20 OR #02 //?+1& PROCEEDING,02 &D: BROUGHT +1 IN -1A ANY 26 OF :D/ THE 2 0:4 COURTS 0/6/00/? REFERRED:2 TO -,2 / ABOVE -0+4+1& ARI SING 2 : OUT 26 OF 20 OR IN CONNECT ON I +1 211/ :+21 :D+4 -&0// /1: -1A 2:D/0 F+:D WITH THIS AGREEMENT20 OR ANY OTHER >2-1 LOAN ?2 /1: DOCUMENT:2 TO #24: POST SECURITY FOR :D/ THE 24:4 COSTS 26 OF ,2002F/0 BORROWER 20 OR 4/ 0+:A 620 - :+21E TO POST - A ,21? BOND 20 OR :2 TO :-./ TAKE 4+ +>-0 SIMILAR ACT ON.I :2 #24: 10.10 " Counterpart /N $ Execution. : The > Loan ? " $' Documents " < may be N $ executed in $ %* %$' couternparts , each 7 of which will be an % % original and all $ of which $ $ % toge her t are " deemed one and $ the ' " same + ' % " $ instrument. " > % 2 $ < ca ylli Imaged 0 % ' Reproductio .s n Lender " < may " ! make an * < optica y ll " imaged 5 *% reproduct on i of < any % or all > Loan 10.11 Opt K ? " $' Documents E and, $ at $' its $ election , '$% < destroy $ the % original % % ' or originals. , %% % Borrower ' $' consents $ to $ the '$% $ destru on tic of $ the " orig nali or R " ' orig nal is 7 5 $ $ 7 the $ *$ < 7 < and % ' agrees that a *< copy of optica y ll " imaged % *% $ reproduction of any > Loan ? " $ Document will be " the Q 5 $ equiva ent l of and 7 % for all * %* ' ' purposes 7 '$ $ $ const ute i an E "original" " $ docume . t n 6 % For * %* ' ' purposes 7 of 4 this ' $ section, 7 % "for all * %* ' '] purposes " ' includes ' use 7 of $ the * < optica y ll imaged B *% reproduction B (a) $ lo *% 5 prove $ the " content K of $ the % original " document K at $% trial, " $ med ation i , arb tration i or " ' $ 5 adm strative ni i hear ng;i (b) ; for any % $% $ % % ; < B ' '' * %* ' G ess n purpose; B (e) 7 % $ % for internal % N % $ or external $' audits @ % ando/ r N " $ exam nation i by % or on 7 beha f l K of & 5 "" $ GovernmentalAuthorities ; B (d) in busi < - $ % $ 'G % $% ' %% cancel ng i or transferring < any " $; document ; and B (e) in W conjun tion c with < any $ $ other $% ' $ transaction 5 evidenced < by $ the % ornal gii document. $ " $ 10.12 1 '' " Necessary - $ Action. > % Lender ' is " $ authorized $ to N $ execute < any % other " $' documents % or $ ! take < any $ % other $ ' actions $ '' %< necessary to effectuate $ the > Loan ? " $' Documents and $ the ' "" $ consummation 7 of $ the $% ' $ ' transactions $ "* $ contemplated therein . % 8 10.13 %' $ Credit 0 Report. > % Lender ' is $ % authorized $ to 2 % order a % C credit C'* report and verify all $ % other % $ credit 7 %" $ information , inuding cl 5 % 7< * '$ past and *% ' $ present ' loans and '$ $ % 7 % ' standard references 7% " from " time $ to $ " time $ to 5 $ eva uate l the % '' creditworth ness i of ,2+"F/+ Borrower . F $ $ Without B 7 " $ $ *< 7 $ ' $ 7 % % ' $ %" $ % R % ' " % " $ $ > $ ' lm i tat on i i, a copy of the consent for release of information , general authori ation z or simi arl docum nte on file with Lender shall % authori e z $ % third # %' ' Pesr ons B to *% 5 provide the 7 %" $ information % Q '$ 7% " requested from $ " time $ " to time. Triple V Dairy [ )"C $2.Smm 0> 2 RLOC 2021 D % +6/ Herd/deF D *KKK Cretdi Agree men t - " " 17 49 * R * $ ' partici $ $ and drafting $ ' ' thi % " $ / # < - "K 2% C 1 10.14 No '$" Cosnon tructi Aga inst Drafte . r Each Party has pat ed i" n negotiating s agreement , E % " ' to drafted * %$ ' % + %*% $ + $ be '$% ' if $ the part % it $ so i $ f an amguity bi or a Q '$ question of intetn or interpeon tati ar % ' ' ises, this nt is conuerstd as ise had $ ' agreeme " $< % ' 7 7 this % more $ ' % '* ' '$ a # %$< ' respons B % draft % or " % prov *% 5 ' ' ' it+$ was joi ytn,l as opposed beign '$% construed against Party because ble i for ign one sions i of ' $ ** ' to < % " $ agreeme nt. +1?/ 1+6A AND -1? HOLD >/1?/0 AND -1? ITZ:4 D2>? LENDER 4D->> ?/6/1? ,2002F/0 10. 15 INCAT DEMN ON. IF I I BORROWER SHALL DEFEND , INDEMNIFY S ) +1?/ 1+6+ -:+21 -66+>+-:/4 (THE -1? AFFILIATES -::201/A4 AND OFF CERS I , DI RECTORS , / #>2A//4 EMPLOYEES, PARTNERS NDEMN EDFI I -&/1:4, ATTORNEYS B:D/ 'I^+1?/ 1+6+/? #-0:1/04, AGENTS ?0/ :204 266+ /04 -1A .+1? -A BE 26 ANY 20 NATURE ,/ 1-: 0/ WHATSOEVER :D-: MAY FD-:42/ /0 THAT >244/4 OF PERSONS ' )D-0 >/44 HARMLESS AGA NST I ANY AND ALL KIND OR -1A -1? ->> LOSSES #/04214 -&-+14: -1A WAY -0+4+1& OUT -1A +1?/ 1+6+/? #/0421 ARISING +1 ANY F-A 2 : OF -&-+14: -44/0:/? AGA IMPOS DE 21E ON, +1 00/? INCURRED ,A BY, 20 OR ASSERTED NST I ANY INDEMN EDIF I PERSON 26, IN + #24/? 20 ANY ?/>+ /0A OF 26 THIS -1A OTHER 2:D/0 :D+4 AGREEMENT -&0// /1: OR 20 DELIVERY 0/4 >: OF: 26; B+ :D/ /L/ :+21 CONNECTED AS A (I) THE EXEC TION U OR - RESULT F+:D OR 20 -4 211/ :/? WITH 21:/ #>-:/? HEREB 20 INSTRUMENT +14:0 /1: CONTEMPLATED D/0/,A 0 THEREBY :D/ :D/0/,A, TH LOAN DOCM U ENT OR ANY -&0// /1: AGREEMENT OR Y OR E 20 -1A >2-1 ?2 /1: D/0/ 1?/0 OR 2,>+&-:+214 :D/+0 :D/0/:2 OF 26 THE 0/4#/ :+ / OBLIGATIO 20 D/0/:2 20 PERFORMANCE ,A BY THE OR THERETO R I RESPECTIVE S N HEREUNDER #-0:+/4 HERETO :D/ PARTIES #/0620 -1 / 20 THEREBY AD/ D/0/,A 21:/ #>-:/? :0-14- :+214 :D/0/, 26 :D/ THEREUNDER 20 OR :D/ THE 214 -:+21 CONSUMMAT ON I OF THE TRANSACT ONS I CONTE PMLATED HEREB Y OR ; (liB ) THE :D/0/ 1?/0 ,A BORROWER ,2002F THE - 2 1: SPEC 4#/ +6+/? ,2002F/0 TO : BORROW :D/ AMOUNT USE OF THE PROCEEDS OF LOANS; B+++ (lii) THE FIED I I+1 N 6-+> 0/ BY :D/ #02 //?4 26 THE :D/ >2-14G :D/ FAILURE 4/ 26 -#6M>+ -,>/ :D/ :2 FUL 6 >6+ :D/ 602 TH -1A 6-+> 0/ 6-+> 0/ 0/4 >:+1& A LOAN REQEUST B+1 > ?+1& (INCLUDING ANY FAILURE RESUL GINT FROM E FA ILURE TO ILL F TH E APP LI CABLE >2-1 0/U /4: - I REA 26 :D/ -1:+ +#-:/? #026+:4 >244/4 -1A LOSS 26 ANTIC -1? LOSS 0/-421 >244 OF +1 > ?+1& CONDIT ONSI PRECEDENT , ) INCL DING U ANY PATEDI PROF TS I AND SE BY O S N OF THE 21?+:+214 #0/ /?/1: ,A LENDER : FUND 6 1?4 ACQ - U +0/? 6 1? THE LIQ UIDATION 20 OR REEMPLOYMENT OF DEPOSITS OR 2:D/0 OTHER FUNDS IRED U BY AN; (IB+ V) >/1?/0 TO :D/ LO ?/#24+:4 20 0// #>2A /1: 6 >2-1G >+U +?-:+21 #/0421 4 FD+ D 602 COMM &+ /1 OR 2 1+ -:+214 0/4 >: 2 +44+214 - :4 0 OM 20 SUC H $1?/ 1+6+/? INDEMNIF ED I PE RSON S ' ACT S OR SS ONS I WH CH I RES LUT FROM CATIONS IUN GIVEN 4 D -1A DES ?/4+&1-:/? FD+ 0 ARE #/0421 WHICH ,A BORROWER 20 ANY PURPORT DE TO GIVEN, BY GNATED I PERSON, , WHICH E -0/ INTERRUPTED -0/ :2 BE ,/ &+ /1; ,2002F/0 OR +1:/00 #:/? FD+ D AR # 0#20:/? 6- : 602 1- :D20+T/? PERSONS; -0/ I+1 :D/ ,A BORROWER MI SUNDERSTOOD , OR FD+ D WHICH ARE N FACT FROM UNAUTHORIZED E VI +2>-:+21 OLAT ON I BY #/04214G (V) ,2002F/0 OF 26 +4 1?/04:22? 20 B TH -1A /1 +021 /1:-> :D/ RELIANCE ,A LENDER 21 EACH 12:+ / 0/>+-1 / BY >/1?/0 ON ANY APPLICABLE >-F LAW, INCLUD NG I ANY ENV RONMENTAL I LAW ; (VI ) THE CE I /- D NOT +1 > ?+1& -1A -##>+ -,>/ >-FG B + -1A BREACH 26 BORROWER ,0/- D BY PURPORTEDLY GIVEN ON ,/D->6 BEHA FL OF ; (VII) Y OF S ,A BORROWER ,2002F/0 -1A ,2002F/0 OF ,A OR 0 21 26 IT+:4 # 0#20:/?>A &F/1 BY B ++ ANY 26 AN -1A -1A -&0// /1:4 20 AGREEM 1?/0 AN >2-1 ?2 /1: REPRESENTATIONS , WARRANT ES , I COVENAN ST OR NTS E UNDER Y LOAN DOCUMENT, IN CLU NGI D AN Y +1 > ?+1& F-00-1:+/4 2 /1-1:4 0/#0/4/1:-:+214 +1 /4:+&-:+21 -1A CLAIM, >+:+&-:+21 20 +2 #02&//?+1& RELATED 20 >-+ LIT DEFAULT OR EVENT 26 OF ?/6- >:G DEFA T;LU OR (VIII) GATION, I IN VESTIGAT ON I OR PROCEEDING ?/6- >: 0/>-:/? TO 0 / /1: B ANY 6-0:A TH #/0421 I+4 -44/0:/? 20 12: ?0 ASSERTED -1A I+1?/ 1+6+/? FD/:D/0 OR :D/0/:2 ANY OF :D/ THE 620/&2+1& FOREGOING , WHETHER NOT ANY NDEMNIF ED I PERSON S A- PARTY ERETO , OR -1 26 ,/+1& PA #-0:A 26 >/1?/0 20 THE -1A +1?/ 1+6+/? 0/4 >: :D+4 AGREEMENT -&0// /1: OR #/0421 AS -&-+14: ANY ED NMIF I PERSON LUT OF LENDER BEING RTY TO AGAINST INDE -4 A- RES :2 THIS :D/ /L /#: TH # 04 -1: ,2002F/0 SH :2 TH :D+4 :D-: D- / -&0// /1:; TRANSACT ONS I CONSUM ATED M PU RSUANT TO SI AGRE MENT E ; EXCEPT AT BORROWER ALL HA VE NO 214 -:/? 4D->> :0-14- :+214 12 :2 -1 +1?/ 1+6+/? :D+4 4/ :+21 F+:D 0/4#/ : TO :2 LOSS >244/4 0/4 >:+1& #/0421 602 OBLIGAT ON I TO AN INED DEMN FI I PERSON 1?/0 UNDER TH IS SECT ONI WI TH RESPECT SE RES NGUL IT FROM 2,>+&-:+21 +1?/ 1+6+/? F+>>6 > +4 21? : #/0421 AS 20 26 :D-: -4 DETERMINED ,A :D/ THE &0244 GROSS 1/&>+&/1 / NEGLI GENCE OR WI LLFU MISCONDUCT OF THAT INDEM ED I FNI PERSON THE :D/ ?/:/0 +1/? BY 26 COMPETENT 2 #/:/1: JU 0+4?+ :+21 -1? TO :2 THE :D/ EXTENT :D-: +1?/ 1+:A 6+1-> FINAL ?& /1: JUDGMENT 26 OF A COURT OF SDIC RI TON I. I+6 F AND AT ANY TY I /L:/1: TH - 2 0: -1 INDEMN UNDER :D/ THE >2-1 LOAN ?2 /1:4 DOCUMENTS IN FAVOR OF ED FI I PART ESI IS+4 UNENFORCEABLE Y REASON , -1A +1?/ 1+6+/? #-0:+/4 +1 6- 20 26 INDEMN 1/1620 /-,>/ FOR 620 AN 1?/0 0/-421 #-A /1: AND :2 -./ :2 THE BORROWER 4D->> SHALL TO MAKE THE MUM XI CONTRIBUTION SFAC I TNIO THEREOF 4-: 46- : 21 -1? SAT -L+ 21:0+, :+21 TO ,2002F/0 :D/ MA :D/ PAYMENT :D/0/26 ->> INDEMNIT +1?/ 1 :+/4 :D/ LOAN -##>+ -,>/ LAW 1?/0 THE >-FE WHICH IS #/0 +44+,>/ PERMISSIBLE 1?/0 UNDER APPLICABLE . ALL ES I UNDER S IN+1 FAVOR 6 ?2 /1:4 FD+ D +4 6- 20 OF >2-1 DOCUMENT :D+4 AGREEMENT. :D/ TERMINATION :/0 +1-:+21 26 -&0// /1: #-0:+/4 +1?/ 1+6+/? INDEMNIF ED I PARTIE S SHA LL SURV VE I THE OF THIS 4D->> 4 0 + / 26 TR ,A JURY. :0+-> F-+ /0 2 /1-1: 0A THE :D/ #-0:+/4 -1? AGREE -&0// NOT 12S TO :2 />/ : - TR ,A 10.16 WA VER I OF AL I BY PART ESI (A) VENANT AND ELECT A AL I BY :0+-> B- CO JURY +1 IN -1A ANY - :+21 ACT ONI OR PROCEEDING FOR UTION 26 OF ANY SPUTE, CONTRO ERSY V OR M I THAT 0/42> :+21 0A 0 #02 //?+1& 620 THE :D/ RESOL -1A DI?+4# :/ 21:02 /04 20 CLA >-+ :D-: AR SES I OU T OF OR 0/>-:/4 RELATES :2; TO: B+ (I) TH SI AGREEMENT; , WHET ER H AR NG SI I IN+1 26 20 :D+4 20 (li) -1A LOAN FD/:D/0 -0+4/4 ?2 /1: >2-1 DOCUMENT -0+4 1& -&0// /1:G OR 2 : B ANY C?+4# :/] :20: 20 ,A 4:-: :/ -1? CO CONTRACT, TORT OR BY STATUTE (IB+1?+ +? ->>A NDIVIDU ALLY AND LLECT EL ,IYV A- "DI SPUTE" ; ) AND , (B) E EXTENT :2 TH 2>>/ :+ />A :D/ 21:0- : /L:/1: -1? B) TO -1AE PERMITT DE BY APPLICABLE LAW, HEREBY RREVOCAB LY WA VE I ALL GHT TO AL I BY RY AS D/0/,A I+00/ 2 -,>A -##>+ -,>/ >-F F-+ / ->> RI0+&D: :2 A- TR #/0 +: /? :0+-> ,A 0A ,A JU -4 TO :2 ANY D/0/:2 0/>-:+1& #02 //?+1& 2 1:/0 >-+ -1A ACT 20 CO 26 OR I+44 / SSUE RELAT NG I HERETO +1 IN ANY ON, I PROCEED NG I OR N U TERCLA M I ARI SING OU T OF NG I TO -0+4+1& 2 : - :+21 20 RELAT :2 0/>-:+1& /L+4:4 NOW :D/ /L:/1: 12F OR GHT EXISTS N THE . THE ONS IVIS OF SI ANY LOAN DOCUMENT EXTENT SUCH :2 THE 20 I+1 ?2 /1: TO :D/ FUTURE 4 D RI0+&D: 6 : 0/ -1A >2-1 :D/ PRO #02 +4+214 26 TH :D+4 &F/1 #-0:A KNOW -1? VOLUNTAR -1? ARE 4/ :+21 SECT ONI ARE SEPARATEL Y GI VEN ,A BY /- D EACH PARTY NGLY I AND LY; I AND .12F+1,>A 2> 1:-0+>AG -0/ 4/#-0-:/>A -0/ A- MATERIAL -:/0+-> >/1?/0 /1:/0+1& INDUCEMENT 620 FOR :D/ THE LENDER ENTER NGI I+1:2 NTO THE DOCUMENTS . >2-1 ?2 /1:4 :D/ LOAN +1? / /1: 10. 17 BALLOON PAYMENT . :D+4 THIS AGREEMENT DES I FOR NO PA YMENT . BOR RO WER ,->>221 #-A /1:E -&0// /1: PROV #02 +?/4 620 A- BALLO #-A /1: ,->>221 ,2002F/0 >/1?/0 D-4 12: 0/6+1-1 / :D-: LENDER :2 REFI :D-: #- /1: - .12F>/?&/4 ACK OWLEDG N SE THAT HAS NO T AGRE DE TO ANCE N THAT PAYME T.N -&0//? 4- R % Q % ' I 6 % $ obtain 10.18 USA # $% $ Patriot Act Notice. Federal law requir es all ] financia l ' ' institutio ns to fyi and dr infor mon tia , ver 7 %" $ - K $ reco % % 5 % 7< , '%E' $ the $ Borrowe $ $ $ R ' > % '! for that identifies eac h * %' peros n who ns ia a loan . Le nder will s ' r lega l name , tax mebr or al ask $ ' obt $ N ID " % '' " , address +? nu ' % soci $ + 7<" > % 7 % addit '! for $ ' % < 7 %" R security " 5 numb re and other identifying %" R informat on. i Le dnre may so ask ona il inform nioat or on cium tnt ae or % tak e other % do $ ! $ 5 " < al ' " $ $ actions osynab l nece ssary to fyir the Borrower , any arantors or hre rel ated per osns. % $ %' $ ' rea $ ve $ identity 7 , %% % % ot " % % $ * %' ' '' %< % ' < $ $< of 5 % 7< < gu A * Dai Triple V ry $2 5m . m)"" 0>2 RLOC 2012 D $ K] Hedr/Feed ) ? 5< Credit Ag erment &% $ - % " $ 1 I 8 50 " The * %$ ' parties 5 have ' signed $ ' this % " $ agreem nte effective ' as 7 of $ the < day and < % year R%'$ first % $$ written 5 above. 77 $ 5 : BORROW RE TR PL IE V ?-+0A DAIRY, a Ca forn li ia % genaerl part hsrenip * %$ %' * $ % :0+#>/ Address for % $ '; not cei:s - '' I I8 ?% 5 181831 Drive 8CC,/~ ; (9 a,°f!JiiL 21 k c:6v By: Z Tule,ar - CA (8 9 93247 : % Attention : Dav di Va adlao - " ; ? 5 Mail: 4 ; $ % $ Alternate % '' address for notice < by U.S. - $ % $ -5 (8 17293 ( 91/2 Aveneu Hanford, - CA (8 8 93230 D % Attent on:i David Valaad o ? 5 -$$ $ ; /?F-0? EDWARD ->-?-2 VALADAO // ÄPLVÂLÄÂÔ Gealern Partner / a£, J2¿_ DÄ ( ADA - Partner General # %$ % & % \JcJbda.& By: ,~, ,<; TERRA ->-?-2 VALADA O :/00- Generla # %$ $ Partern & % " By f}~1]W) : \/* 1 DIMAS VALADAO ?+ -4 ->-?-2 Geernal # %$ % Partnre & % X 8ByG 9 B $@2 >> < ilcu?o.laà MARYJAALADAO ->-?-2 -0A - Geenral # %$ % Partner & % LEND RE >/1?/0 - % '' Address 7 % for $ '; notices: 1- RABANK OB , N.A. 0-,2,-1. 45 / E. 0 5 % River # %! # F '$E Park Place Wes , t 4 $ Suite ) 507 9) Fresno, - CA (8 93720 6% ' ? * %$" $ Atteion tn : Ag 6 Fincane ' Closing Departme tn -$$ $ ; - B~ Triple V Dairy $2. 5mm 0>2 RLOC 2012 D % @6 Herd/Feed ? %< ) )"" Cred t i - % " Agreemnte % $ ( 19 E) 51 Tripl e V Dairy 5. mm 21 He rd/Feed ) ) 0>2 20 D % @6 :% * "" RLOC ? %< $2 % 8 9 (= D % @6 > of K Cr Dairy dr /Feed Line ed:it 361 429 10? %< He ?2 /1:4 >2-1 DOC :2 LOAN FIRST AMENDMENT M U ENTS - /1? /1: TO /+04: X % 7 % $ 5 refe B$ ' (here $ above 5 R%'$ Am $ the $ > B % 7$ % This +4 is the endment to Loan ? " $' Documents evidenc ng i the enced r transaction after in the : ' -" " $ $ first 7 "E% E-" " $M ++ :0+#>/ ?-+0A % $ * ' * 8 "Amen . men ')d t lt ' is da ted ' as K of ? " % December 10 , 20 13. lt i ' s bet ween TRIP EL V DAIR Y, a Cal fornia i genera l partnersh p i $ B]> %C Lender > % % ("B], "" %^ Borrower ) " and RABOBANK , N.A. , a $ R naitonal ba kngni assoc ation i ("L ender"). Borr ower and agree as : , %% % '; ! ' follows '' $ 1 - 0-,2,-1. ++ 1 5 " % ' prev $ No " - % " $ % $ ( *% 5 ' < Borrower and > % Lender have d $ into a Cr edit Agr eement dated vember 19 , 201 ,2 $ $ that was ous y il am ended by , %% % 5 entere $ % < 7 ' the : % 7 % $ % % " $ - % " $^ $ "Cr $ as that %$ certain /N$ ' > $ % Extensio n Letter dated ? " % December ) 5, 2013 er ement i ' s here nafter i referr ed to edit Agre . ) "tm ne The B' ag 8 (said C $ % pu > % % Q % 7 5 " " securi $ Lo > % + '$% " $' * %* ' ' Cred t i - % " $ Agreement and all other agreeme ts n and instrume st n requ redi by nder for rpoes s of evidenc ng i or gn the an are % % " $' % $ < Le * $ $ %" ' in thi $ ' -" " $ $ is ' defin R $ oth $ % > ? " $' / Each ca taized lpi ter m used s Ame dment n that ed in the er Loa n Docume snt : ' ? " $ " specified that $ $ Loan -" " $ i *% $ > Doc '* R in and defied n i n thi$ ' s Am ednme tn will 5 have " the meaning men u t. Thi s Am endment wi ll be nterpreted in not -" " $ " R ?% 7$ 5 $ ' % acco dance r with $ the Drafting Covn.tio esnn $ here n i % 7 %% referred to "Loan Docume . " snt % ' E> $ as ? " ' set ' $ forth > Document ? " $' K $ %" in this *% 5 ' ' Borrower and > % Lender ' wish to n i prov ons si i of the Loan s as %$ , " " certa amend -" " $ Am nedment. ' P ' Amen " R -" " $ K $ > $ Re /77 $ /N * ' 1. Ori ginla Instum rents to nmia i n Effect. Except as modifie d by dnt ,m e eac h of the Loan 0 " 2% + '$% " $' < this 7 % % $ %"' $ % ' ' Documents ' shall % " remain in 77 $ effect and are val id, bi nng di and enforceable according to$ t$ % heir terms . I+7 f any arises between $ 5 E ? " "' % < conflict ' $% this -" " $ Amendment and the origal in > Loan Documents , t$ hen this Amendment sh all con rotl. $ ' -" " $ $ % ? " "' $ ' (a) B - % " C to ' + ' tshi Agree nt'em, + $ ' Amendment. refer 7 this -" " $ each > Docu $ Loan % 7 % 2 and the $ $ Effect on an Do cum ts.ne On date of nece in m ents ? " $' ? " $' 7$ % the after > /77 $ Lo E % 7 ] % % C $ %"' sha " and % % be "here ' a refe > Docu $ % $ the $ Loan ? " $' u,"de nr "hereof," M E % M "hen"eri and ch ot her ! like terms ll mean enr ec to st nm e ' su ' as " amenedd by this -" " $ Amendme t. n < ' % (b) Effect s -" " $ Amenme dnt. Unless oth erwise stated n, ei the es and endments contained '' '$ $ her $ chang ' am $ in " % ' thi " " $' this P"' / of " B ]-" " $ Effective $ ' $ thi -" " $ the $ * * % % * to Amendment sh all be 77 $ 5 effecti ev ' as of the $ date R%'$ first ' $ set fort h in opening paragraph s Am endm nte (B$ the "Amendment / R5 K $ 7" -" " $ ' 8H C = Date .)" 2. : - % " $ ' follows B $ '; " % $ Ag Modified Terms of $ the U$ Cred t i Agree t.nem The Credit reem nte is ' ame nd de as : - " " +'"' 7 cond > of $ %"' $ ' % Cre ' % (a) Th e > Line of Cred t. i Except ow,l all ter ms and ontis i rel% $ $ ngait to the t di sh all : 7 % $ ' amended " be $ Line /L *$ as B $ " 5 " remain in full force and 77 $ effect: rep - " " % * ' + i+VG i. Sect on i 1.07 {a-c l of e % $ Cred t i Agreeme t n sh all be aced l in ts en rety ti from e Cr et di 7 th % $ $ C " th$ $ % < B = e $ $ % % - % " $ % % % effect 77 $ there Agree m ent an d ' shall be 7 of no furt ehr for ce and nder u . E 1.07 0 % Required # <" $'G Payme ts;n Mat tyiru Date. ? ""< $ Li >" Janu % 9 on % the K Cre the $ %< (a) Borower ' shall pay rued $ % '$ interest on ne of t id on ry a 5.) 20 41 and fth day , %% % $ fiR7$ * < acc < of B8 ? $ $ $ % $< Closing Date $ to the Maturity ? $ Date. each " $ month after the ' 7$ % $ $ amo (b) Borrowe r ' shall pay Line 7 of Credit princip l a i+ n the un t of K $1) 000 60,0.. nuary 5,) 2014 , and % *% * Ja " $ , %% $ E on 9E %< B * < > J Maturity B R % " on B the fifth day 7 of eac h " $ month the reafter to the Date (de fined here.in) 1 % %$ < ? R < unpaid : * % "$ "'$ (e) The * unpa d i *%" * principa l ba ance l of, all accrued inte re ts on , an d all arges und er thi s 7 other $ % ch % 5 ' $ ' B C ""< ? C 9 (the paid 1 5 " " * on 8 2014 agremen e t with pect to the of Cred t, i shall be Novm e ebr 30, rity ut Dat e"). % $ ' $ res % " $ % '* $ $ Line B" "Ma : ' $ % " Cr - % " $ 0 % 0 Q % " "; (b) Reporti ng 0 Q % " $' Requireme ts . n Th e sect oni ti$ tled 0 * "E Reporting Req iurem nt se un der the edit Agr et nem is+' her eby % < B amended ' as 7 ' follow: s " * D "" %; .> KS Herd/Fee Tri ple V5 ? %< Dairy I ) $2 5 . "" mm RL OC 2012 d First -" " " Ame m dent n to > Loan , " ; Documents 6 %'$ $ EXHIBIT /LD+,+: C 55 )) replaced + its +$ entirety % * in - % " $ ' 7 B ' * %' with $ Section 6.07 (cl the % $ Cred t i Agreement shall be $ " and 4 $ superseded R $ the B of i. + 7 + following : days % the later 7 each of #- $ 120 $ % than 7 ' year, ' ava $ no $ end fiscal 7 CPA (e) ' as soon ilable, but 5 ' as < % a copy <' after *< of B % * %$ %' * Jose ' '' as ? " ' Valadao ' Dimas " business ' Two Reviewed financial of Valadao , a8 7 % California gen eral partnership, , doing 7 statements : Dairy '$ $ " $' 7 ? %< 0 5 4$ % ? %< B % that / % % " ' '' ' Lone > Star $ $ per * % 4$ % Star ? %< Dairy, and Edwrda E Valadao , Jr. do ngi business as Da ryi for odi. 3. 8 5 E O % ' $ the ! $ ' agr , ; Waiver rrower ack edges ownl and ees to 7 Covenant B following: 5 $ Default. ? 7 $ Bo 5 of $ in "* with K Oc , %% wa ' compliance $ the 2 $ % % * %$ 8 % Q % " $ covenant $ report -' of ) (a) As tober 25 , 2013 , Borrower s not ng i requirement 5 $ B $ 25 , %% % ' " $ no la $ % % Q % - % " $ 5 the % % $ submit ) days $ end of 7 under 4 $ Section 6. I 08 B8 C; (a) of the Cr edit Agreem nte requir ngi Borrow er to ter than each month , a " <' after , %% % acknowledges $ ' de ! ' this " $ Borrower 7 the $ end of B $ Lender > % agrees % ' to 5 Borrowing , ' Base %$ R $ %% $ Certificate current as that month. fault and e ' of , %% $ waiv % the $ peri * % 4 *$ " % 8 only % Q % " $ thi $ ' , %% %' 8 2013 Borrower' s = "* non-c anceoim pl with s requir m ent for od en ng di Se ptemb re 30, . < $ , %% % ' $ the $ % *% ' $ $ ' warranties %% $ ' made " by the $ , %% % in 4. Borrower's 0 *$ ' $ ' Representations . ln+ add tion i to represe ntation s and 9 < Borrower 7 '; $ Lend > % ' % *$ ' $' > Loan ? " $' Documents , , %% % Borrower %% $' warrants and represent s to re as foll ows: (a) B : % i $ bee % their %' * or ' not $ ownership $ % No Change in Borrower . Th er has n any n the structure of , %% % % '$% $ % K Borrower , % or 1 < change % in > Documents 7 force $ Loan full ? " $' are effect $ res + and *% 5 % '* $ $ the that $ the 77 "G $ > % business ; that the resolutions ded i to Lender with petc to ; and % ' $ ' prov ' ''G $ $ $ $ K ' appropriate **% *% $ unders gned i remain authori ze d to act behalf of and bind , %% % Borrower as . If++ any 7 % is+4 inaccurate $ 7 the $ R + % $ or $ on $ foregoing % %' % " < of cla % Lender 7% " any %" '' ' $ i " 7< hold > % harmle all 5 ' $ "'E %' incorrect , in < < any way, $ the und ersigned , as ind viduals i , agr ee to ndemnify and s s from ms i, + %% $ < and % ' $ ; incur %' ' N* % ' losses % or " ' damage s $ $ that > % Lender exp eces rien or s as a res t. lu '' ' $ De $ the 5 $ /5 K ? Eve ; eve 7 time $ " would " $ *' (b) No /5 $ Event of Default. There is no nt of fault or nt which , with cei or lapse of be : % ' $ not 1 (K ? 7 $ B ? " $'. + > % the an /5 $ Event 7 of Defau t l under Loan Documents ? 7 $ > % by F,+E , %% % as (c) Warranty Information . : The i 7 %" 5 nform notia furni she d to %"' Lender ' part * %$ of 7 this F = < + 7 " $ $ ' Amendment -" " $ were < Borrower B $ " the $ , 5% $ and $ Loan $ modify > % term is ' information $ + 7 %" $ upon > wi shed i as a " $ % material " $ inducement 7 % for Le nder to s of th Borrower furn * which $ the 7 " ' " 7< the ' guaran % $ ' %% $' and $ $ all Lender ' is % < relying on in gra nting the term s % % hereund . er , %% % Borrower 7 %$ % further warrants ees t that information given + % $ $ %"' the $ 7 %" $ + 5 to > % , %% % ' operating fully the Lender ' is "* complete , % $ accuar te and represen ts Borrower s ' fiR nanial c and conditions . * % $ $ ' > % 7 < $ *% ' ' : + % *% ' $ $ ' and F %% $ (d) Continuing Representations and . Th e representations Warranties 7 Borrower warranties ' of , %% % set 7 %$ in $ 0 % ' $ $ ' ' $ forth B ma " $ % $ % '* $' all "* $ the Loan ? " "N Documents % are tru e, %% $ corre. ct and comp e tle in etrial respec .st $% $ > ' have 5 $ ' Amendment % perform -" " $ > % 5. Condit onsi of Lender shall no obligation N $ this $ to 7 this $ ' Amendment. $ execute -" " $ or * %7 %" its $' ) $ ' 7 $ the $ ' until $ follow obligations under this netdm ne un ess l and ng i condition s % are satisfied , 2014 ' $ 'R on '' 7 % January -" " $ or % before 9 R ' % $ ' Am %< 10 BC: %" E ? C % $ *% $ % the ' $ 'R on $ ' : %" $ Date ("Termination Date . ) " If the s prec edent are not satisfied or before , then E Termination $ the ? 7 condition $ following $ accr * *% * unpa all oth % $ % '$ K the $ > all $ % % > $'$ outstand ng i princip l a balan ce of Loan and deu and d i int ere ts and er amounts e l und er the " $' payab $ Loan * < ' K " and * < $ $ prese $ of 7 intent $ $ *"' " $ Documents shall become i "" $ < mmediat lye due payable without ntment , dem nd a, protest, to accelerate , " ? " $' "$ *% $ '$ notice % Q M " $' K wh not cei of acceleration % or $ notice requ rem i enst of any other kind , all chi are ved i by Borrower and 7 % 7 ! C of $ wa 5 $ Lender > % may N % ' any < $ % " < exercise < < , % " ' % -" " $; or all 7 of $' its % $' rights % under the muents, unh ind ed re by s Am nedm nt:e ? " $' > Doc % " Loan < thi +K and (a) B ' Borrower has exec ued t and 5 % delivered thi s Am endm nte to nder, and nder has de this Amendmen t -" " $ Le Le N $ , % ' ' execut > 5 > % N $ C ' -" " " (b) B oth all > %' $ % " ' % *$ Lend s're rece pt i of er doc um , nt se inform at ion and s requir ed by . " %" other $ % precondition *% $ ' > % % Q % < Lender > 5 am 0 ' %5 $ 7 : 6. Reservation of 0 $' Rights. Th ogh u Lender i ' s agre ngie to end the an as e,ni Lender rv se % " $ Lo > ' set % ' %5 ' % > % rese + her 'K forth $ % the $ > all rights and % " ' remed es i to which it is, ' % or may ome, legally entitled under Loan Doc uments . Accord ngly ,i this ? " $'E " < $ $ " < bec $ ' Amendment - % " -" " $ 7 any 5 % $ future doe 5 wa $ any $ may ' > % or % of does not constitute vei r of right % or rem edy that or in+ the s become bale to or 7 $" '$ $ $ a % " < " avail ' $ " < % $ Lender < % $ < default 7 $ ' -" " $ Event 7 ? 7 $ of Default %% occ ngurri aft er the e of this Am endm nt. e /5 K $ dat % ' $ "" $" $ as ' to 6 $ % 6 : ' -" " $ Lend $ 7. No Commitment Financing . Th is Amendm t ne is ' not nte on s e' r part "" " $ $ a commitm the * to > %' D ;8 Future 7 % " % any $ any % $ ' pr odevi Borrow r e or ated $ $< ent tyi with re fina cning in+ any amou tn be yond the s set h i+ n thi ' s Am ne. tdm ne , %% % *% 5 ^ ( term 7 < ' $ fort < rel < futu < " $ -" " $ Tr+ * 5 pi el V ? < Da ryi $2 5. mm OC CK 2012 1 "@D Herd/Feed "" RL0>2 ) ) R%'$ First Am endm en t to > Loan ? " $' Docume tsn + -" %= " Y 2 56 ) , %% % 8. No 277' $ Offs, et ? 7 ' Defesne or " Claim. Borrower do $ not 5 have < any B (a) 77' $' offsets '$ again t s $ the " $ amount * < payable % under $ the I 1 % % Loan ? " $' Docume ; ns t {b) ' ' defenses + to the payment 7 of < any " $' amounts under $ the > Loan ? " $'G Document ; s % or B (c) "' claims '$ agnst ai Lend re in > % * <" $ > B connenocti with $ the > Loan ? " $' Documen . st To $ the N$ $ extent < any ' such "' claims do N '$ exist, , %% % % < Borrower hereby 5 ' waives $ " them $ to $ the 7 '$ fullest 'N K extent $ " : * %" $$ permitted < by law. 9. ( ' No F 5 % Waiver. : The N $ execution , + 5 %< delivery and 77 5 '' effectiv ness e of $ ' this -" " $ Amendmnet shall not ept as N*% '' < expressl y N *$ ' 7 $, exc 1 " % $ prov ded i herein, * % $ operaet ' as a wai ver 7 of < any % $ right, * % power % or % " < remedy 7 of the Lender under the Credit Agre nt m e or $ % other > Loan > % % - % " $ % 5 % % *% 5Z 7 % Docum . nt se nor con stitute a 5 % waiver of any proovi nis of $ the % K Credit - % " Agrent em e or $ % other > Loan ? " $' Document . s '$ $ $ ? " $' % < *% 5 ' %% exp $ N* ' ' 1 O. Expe ses n. The , %% % Borowrer shall * < pay on " demand all '$' costs and ens se incurred < by $ the > % Lender in connetcion ' : /N ' ' with the prepa, nra oti exec , nuoti deliver,y filing, and " '$% $ 7 admini ra tion ts of $ ' this -" " Amendm nte (including , $ $ withou t " $ $ lm i on tiia,t Legal 6 ' Fees > B R $ $ *% * % $ N E 5 % % Lender ' as $ to $' its % $' right,s and $ the '$ 7 cost of < any % $ cre t di 7 $ , %% %E' R ' % *% * %$ ' verifi action B'* %$' reports or del N " $ ' exam naion ti s of $ the , %% %' Borroswr'e proepert s i or !' books and reco .ds r) Borrowe s r' obliga snoti to Lender % fi7 % % ' $ > % 7 5 $ $ ' under $ ' this 4 $ Se oncit shall ' %5 5 survive $ R termin ontia of $ ' this -" " $ Amendm nte and repaytmne of , %% % ' Borrow sr'e obligaio stn to > % Lender % under the % * <" $ 7 $ 7 ' % Credit - % " $ Agreeme .nt % $ 7 < : 11. Severability 7 of #% 5 ' ' Provi ion s. s The 5 !< invalidity % or 7 % < unenfo lity rce ab i of any $ %" term % or *% 5 ' provision 7 of $ ' this -" " " Amendm nt ,e or % 4 5 % in the Loan Docme u n,ts shall not affect the validity or enfor ty cea i bil of the remain ngi terms of the Loan; and each pro on visi in this ' Ame , dme nt n or $ the > ? " $' Loan Docume ,s t n app ate,rop ir shall be 5 valid and 7 % enforcea ble $ to the fullest N$ $ extent * permitt de < by law. $ 7 '$ % as ' **% *% $ -" " $ + $ > ? " $' ' $ 77 $ $ 5 $< % " " < $ % " $ %"' K $ > *% 5 ' + $ ' 12. S : $ ' ' -" " $ Binding on D %; Heirs, 4 '' %' Success ors and -'' ' Ass gns. i The *% 5 ' ' 7 provisi nos of thi s Am endmen t shall bind the % '* respective , ' '' %' heirs, N $ %' execu or , st perslaon represen tiv es ta, admini ra t,or ss success sor and '' ' assigns of $ the * %$ ' parties. " '$% %' * %' % *% ' $ 5 ' %' 13. 8 Further Ass urance .s Borrow re % ' agrees $ to N $ execute < any $ addiiton la docum nt es that may be '' %< necessa ry % or $ $ " < " $' , %% % - ' % ' 6 c % desier d < by > % Lender to effect eatu the $ $ intetn and * %* ' purpose 7 of $ ' this -" " Amendm ent. $ ' % 77 $ $ 14. Execution in $ ""'E Counte . rspa rt This -" " % Amendm nte may be N $ executed in < any " % number 7 of $ %* %$' counterpa s,rt each 7 of which 9 /N $ : ' " < when ' so N $ executed and 5 % deliveder shall be " deemed $ to be an orinagli and all K of which take n $ $ % togeterh shall '$ $ $ constitute $ but one and $ the ' $ ! ' same '$"" $ instrument. ' " 15. ) ' Govrning e Law. : ' This -" " $ Amendm nte shall be $ %*% $ inteeted rpr by ** < $ applyin g the ' laws 7 of $ the 4$ $ State of " Ca fornia il withtou $ $ > & < "" < regard $ to its $ 7 confiict of law * E * 'E princplies. % % ' 7 The * % ' parties 5 have ' signed $ ' this -" " $ Amendment effective as of $ the < day and < % year R%'$ first % $$ writtne 5 abov. e 77 $ 5 : ,2002F/0 BORROW RE U@ F-? b9 TRIPLE V DAIRY, a 7 % California " geeanlr partn p ei rsh :0+#>/ * %$ %' * ?-+0A M ,<; By E~~ : /?F-0? & % K Geera nl Partner # % ] ,< E -# > ->-?-2 Geernal Partner & /+ # % ? %< Tr plie V Dairy ) ) $2 5 . "" mm 0>2 RLOC 2012 D % 76 Herd/Feed :% * -" " K 6 %'K First Ame ndmnte to > Loan ? "" ' Docum nest + 3 57 ) ,<; r---,<-· ~~ - + General # % Partner & % ~ r :/00- TERRA ->-?-2 VALADAO U$@<7 E " ~ DIMAS ->-?-2 VALADAO ?+ -4 X Gen l are Partner # % & % ,<; By - -~ @@ @\* tk ßÁto v1 C # % & % Geenral Partner By~Ouw. Ut-<í!J,cfù,<) MARY NÉ VALADA O & % # %$ % Gener Partner >/1?/0 LENDER RABOBANK , 1 - N.A. 0-,2,-1. F : $ ; "" Tri epl V Dai ry [ $2. 5 ) mm 0>2 RLOC D @6 20 21 Hed/Feed r : * ? %< G M # ) X @ 4 First -" " $ Amend ment $ lo > Loan ? " ' Docm nt ues 6 $'K 58 )I -" " $ 9 Triple Da ryi Amendment 2014 V ? %< 8 9 (= Dairy D % @6 Herd/Feed Line of % $; Credi : t 36 1429 -01 > 7 ? %< X >2-1 ?2 /1:4 SECONDAMENDMENTTOLOANDOC MENTS U - /1? /1: :2 4/ 21? % $ % 5 abov $% ' $ B % 7$ % 5 Th si ' is $ the ' second Amen ment d to $ the > Loan ? " $' Documents evid ng enci the e ref erenced tra snonacti (here nafte ir the : ' $ -" " ! E-" " $C DAIRY * " * " % ?-+0A :0+#>/ V "Amendmen . t") lt ' is $ dated ' as of September 7, 2014 . lt ' is $ betwe ne TRIPLE , a California general partnership 9E 4 *$ " % 1 , %% K BE, %% %C > % '; ' follows: ("Bor ower r)" and 0-,2,-1. RABOBAN , K 1 N.A., a $ national ! banking '' $ association B]> %^ ("Lender" . ) Borrower and Lendre agree % as +$ +$ % Borrower and > % Lender 5 have $ % enter de $ into a Cred it Agre m e ent dat ed 1 5 " % Novembe r 19 , 2012, that was pre y slviuo amended by - % " $ ' *% 5 ' < ( " < , %% % ? " " $ Loan 8 and $ $ %$ that certa n i /N$ ' Extension > $$ % Letter $ dated ? " % December 5,) 2013 that certain 6 %" First -" " $ Amendment to Documents dated O, $ December 1 > ? " $' %$ $ % " " : 2013 (said agreement , ' as " ame ded n, is + $ % hereinafte r % 7 referred to ' as the "Ctredi Agr eement . ) " The % $ Crtedi Agreement all other - % " $ and ] % $ % ' 8 B' % " $ C " %' E 7 % * " ' ' 5 " Loan > are % herein % " $ 7 %% $ as agreemen s t and '$% " $' instruments % Q % required < by > % Lender for purposes $ of evid encing or securing the referred to ' "Loan % " $' ? " $'C R > Documen -" " $ ? " $' Docume . "s t n Each * $ capitalized term us ed + in $ ' this Am endment " $ that is ' de fien d in $ the $ % other Loan s t and t R defined in this no $ ' " ; / $ %" be : ' -" " $ i $ %*% $ " Amendment will have the meaning '* R specified in t$ $ hat > Loan ? " $ Docunt. m e This Amendm net will nterpre edt in acco rdanc e with $ the 5 " " % -" " $ Drafting 5 $ ' Conventions. ?% 7$ Borrower and > % Lender ' wish $ to 7 % further " amend %$ certa n i *% 5 ' ' provision s of Loan Docum nt se as forth + in thi s Am ne dment. 7 the $ > ' set ' $ 7 %$ $ ' ? " $' -" " $ , %% % 0 " /77 $ Ex $ ' 1. Original Remain in Effect. cept ' as " R mod fied i by thi s Amendment, h 7 of the /N *$ > -" " $ eac $ Loan + '$% " $' to 2% Instruments < the 7 % $ % Documents ' shall % " remain i n 77 $ effect and valid, binding and enfor e ec ab l according to ri terms . If+K < any conflic t aris es be tween are $ %"' % ? " $' % 5 $ $ % ' ' this -" " $ Amendmen t and the % origin l a > ? " $' Loan Docum nts e, the n E ' this -" " $ Amendment sha ll control. $ ' $% $ ' $ (a) B $ " Effect on Loan ? " $' Docume ts . n On and after the date 7 of this ndment , ea ch ref ecnre in the $ ' Ame % % > 2 7$ % ' ; $ Loan > Documents -" " $ / ? " $' ] % C % 7 C to E ' 'tshi - % " $] Agreement" , % % E "hereund ."er "hereof ," "herein " and ' such $ % other like terms ' shall " mean and be a % 5 reference to the Loa n Documents ! $ %"' $ $ > ? " $G ment. d as " amended < by this ' " ' Amen -" " $ (b) Effect 7 of this Un ess l ot herwis e '$ stated % herein, the ange s and am endm snte conted ain in thi s $ ch $ % ' ' " " $' $ -" R" $ ' $ ' " ' Amendment. B ) ( $ * * % % * Amendment sha ll be 5 effective as of the set forth in the opening paragraph to s Am nedm nte (the C-" " $ "Amendm nte Effect ive thi $ date " " ' first / 5 -" " $ ' R%'$ ' $ -" " $ ' K B+ Date . )" f(= 2. - % " Modified Terms of the 5 K Credit Agreement. The % $ Credit Ag erement +' is " amended ' as foll ows: B ' 7 : %"' 7 % " " : (a) The > Line 7 of Credit. cept ' as amend de be ow,l all term s and cond ons iit rela ngi t to the Line of % R " $ %"' " ' : /N *$ $ > ' ++ % $ Ex % $ shall K Credit B remain " in ful l for ce and effetc: % " " 7 % 77 $ i. Sectio n 1. 8 0xi 3{)B( )N , of the Cred t i Agreement shall be rep aced l + in $' its entirety % " "" $' 4 $ $ % K and superseded ' " with $ the 7 ; following : $ (B) with % '* $ respect to Elgible i Feed Inve ntroy an d / Eligible + 5 $ %< Inventory, Borrowe 'sr cos t det ermin ed , 5E' $ $ / 6 + 5 $ $< 'K $ %" B in a " % manner *$ acce e pab tl to Lend . re $ > %E i. the + following $ "" Section 1.07 K of B the % $ Credit - % " $ Agreement sha ll be " replaced in its superseded with ' $' entirety 4 $ + ' $ " and 1.8 07 " $' Maturity Required Payments; Date. 0 # % ? $ (a) Borrower ' shall pay rued + $ % '$ interest on the e of dit on 2 $ % Octob re 5, 14 and e % " Lin > , % K Cre % $ 9 on th $ )E 20 * < acc B fiR7$ fth < day of 7 each " $ month % after the sing Da te to the $ % $< Matu tyri Dat e. ' ? E " Clo $ ? (b) Borr ower shall Line of 7 % Cred t i *% * prncipa i l i+ n $ the " $ amoun t of 00 000 ,. on Ocobe t r 5,) ' pay 7 $16 , %% % 2 $ % ) ) * < > B 2014, and on the h < day 7 of " $ each month $ % 7$ % therearfte to the uyirt Date (defi edn here).in Mat $ fift R7$ $ ? $ % $< 9 B R % " Tri ple V ? < Da ryi -" " " Amendment 2014D = Sec ond - " $ Amendm ten to Loa n " " ' Docm su en t > ) ""K 59 )( - - ·-------- ------------------------------ (c) The * unp d ai *% * prnciipal baan l ce 7 of, all * unpiad % accrued interest on, and all % other % ' chagr es $ % '$ : B und er thi ' s % " agreem net with % '* $ resep ct to $ the > Line 7 of $ Cred,it ' shall be * paid on - '$ Augu ts 8 31, ) 2015 B$ (the C $ % $< "Maturity % ? $ C Date"). (b) B erse %'; Section 2.08 of the Credit Agreem nte shall be replaced in $' $ % its entirety and sup ded with " " $ + 4 $ T-2, % + $ the 7 ; following: 2. E I 08 ACH Payment s. , % Boror wer % ' authorizes > % Lender to, 8K at > %E' Lender s ' * E option in each '$ instance, - D # <" $' inateit debits to the Design ted a Account, on the due $ date, 7 % for all $ % '$ interets and *% * principal * <" $' < payments, any $ ' fees $ and N* ' ' expe ses n, and < any $ % other " $' amounts due and * < payable < by , %% % Borrower $ with % '* $ respect to the > Line $ of Cr edit, < by $ % $ measn K of the automcati clearinghous e electronic fund s % ' % transfer '<'$ " systm e , < by % $ direct $ debit 7 of $ the ? ' $ Designat de 7 ' $% ' " $ " $ " ' E- D > % Account, % or < by any other "" % < commer ially c accepted " $ metod h B % 7$ % (herae fter, 'ACH # <" $'] Payments .) " Lender ' shall 5 give *$ - < $ % Borower not '' less $ than $ ten <' days $ notice 7 % before beginn gn i ACH # <" $' Paymnets. If > % Lender $' elects $ to $ $ initiate - D ACH - D $ , % 7 ' " $ ? ' Paym nts e, Borrow re " will $ % 7$ % therearfet maintain sufficien t fund s in the Designat de Account on $ the $ ' dates > % Lendre ' 7R $ - $ # <" ' , %% % ' entesr $' debits 7 % for - D ACH # <" $ Paym tne of regula ylr sche eddlu paymnets 7 of $ % '$ *% * interse, t princ , pali and B '; fees, if < any. If 7 $ % < $ %' * <" $' - $ there are insufficie tn fund s i n $ the ? ' $ Designte da Account on " the $ date > % Lend re $ %' enters < any deb it $ % authorize d by $ ' this ' % ' 7R $ $ % < agreemen, t > 'K Lender " < may % 5 %' reve se r the $ debit. , %% % Borrower % ' agrees $ to * upon % Q '$ request < by > % Lende,r N $ exec teu and 5 % deliver $ % " $ to Lender an ACH # <" $ Payment auhzation tori in P %" form and $ $ content ' $ '7 $ %< satisfactory to Lender. - D $ % $ > % + > % + $ $ ' $ $ ? ' $ - $ +7 +7 3. 8 +K $ 7 " ; Waivre K of 5 $ Covenant ? 7 $ Defualt. , %% % Borrower ! ' acknow dgese l and $ ' agrees to the follow ng:i 5 % (a) B As 7 of ? " % Decem erb 31, 20 13, , %% % Borrow re ' was $ not + in "* compliance $ with $ the 5 $ coven nta % undre 4 $ Seconti 6.01 -' 8 8 $ % of $ the $ $ Credit - % " $ % Q " Agreent m e requir ngi Borrowe r B to $ not 5 have $'$ outnsta ding and not % incur < any $ direct % or $ $ conitngent lai tibies li or , %% % ' 7 7 7 $ obliga ,io snt or % < guaranty K of $ the $ ' liatibil eis of oth ers, N *$ except $ the follow ngi if $ not $ % ' otherwis e *% $ prohibited % under the lease $ ' % $ %' ' Trans onctia Docum nts e: (a) + ' liab lities i and $ ' obligations $ to > % Lender % or < any 7 of $' ils -7R $ 'G Affil ates i; (b) %" normal $% trade % $ credit K not " % more :% ' $ ? " $' B B8 than ( 90 <' days * '$ past due % or beng i contested in good $ faith < by **% *$ apprpoeat ri procee ngsi; d (e) 7 if an 5 individu , l a $ add on it ali debts *% 'G $ '$ $' $ B as an 5 individu l a 7 % for *% " % < prim y l rai consumer purposes ; B (d) l ' ease $ ' oblgation i s or $ debt %% incurred P % for $ the * %* ' purpose 7 of * % ' purchasin g % * %* ' '; ' ' " % equ pment i used in $ the % %< ordinary %' course 7 of ' '' busine; ss and BI (e) $ % other + ' liabiliti se and $ ' oblig ons ita in N '$ existne ce on 1 5 " % Novemb re Q *" $ ' R ' " $$ $ ' 19, 2012 and ' ' disclose d in $ the " 'K most % $ recetn fina ncial '$ $ " $ staetmne t submitted $ to > % Lender. , %% % Borrower ! ' acknowle dg es this $ defaut l ( "* P % $ and > % Lender % ' agrees to waive , %% % ' Borr'sowre noncomp - iancel with $ ' this % Q % " $ requiremen t for the period ended ? " % Decemb re 31 , 8 2013 + 5 $ * % 8 on y.l < (b) As K of ? " $ Decem bre 31, 8 20 3,1 , %% % Borrower was $ not in "* complian ec with $ the 5 $ covnaent under 4 $ Section 6.02 -' ' $ % 8 B Q % 7 of $ the % $ Crtedi Ager em net requiring , %% % Borrower ' shall $ not % $ creat,e '' " assume % or ' 77 % suffer $ to N '$ exist any Liens on $ the % $' rights, $ titel or - % " $ < > ' " 7 7 intees rst in $' its *% * < proprety, except $ the foll ow ng i if E not $ % ' otherwise *% $ prohibit de % undre $ the > Loan ? " $'; Docm u : enst (a) > ' Liens in fav or 5" N *$ $ % '$' B8 7 of > % Lendre % or < any of $' its -7R $ ' Affiliaest; (b) if B E K an 5 individu , al addition l a > ' '$ Liens agaistn the * %' personal assets $ of that 5 individu l a ' as an $ $ '' $' individu , l a $ to ' % secrue $ debt $ % for *% " % < primarily ' " % consumer purposes; an d B (c) > ' Liens for taxes $ not < $ yet due. , %% % Borrw o re ! ' acknowle desg 7 % $ N ' 5 * %* ' 'G this 7 $ defuat l and > % Lender % ' agrees to waive , $% % ' Borrowe 's r H "* non-iance comp l with $ ' this % Q % " $ requ remen it for $ the * period endde $ % ' $ 5 Decem bre 31, 8 2013 < only ? " % 8 + , %E; $ Borrow 'sr e Repre ent stion a s. ln $ add tioin to the $ *% ' ' represe snota ti n and %% $ ' warranties " made < by , %% % Borrw o re in $ the 0 *% ' $ $ ' 94. $ , %5 % Loan ? " 'E Docum .nt se Borrw ore warrnast and % * ' ' represenst to > % ' Lender as 7 '; follows: %% $' > (a) B : % No Change in , %% % Borrow . re The er ' has $ not been < any change + in $ the %' * own piehsr or '$" % structure 7 of , %% 'K Borrow re or $ O their 1 % % $ $ % busien ss; that $ the % ' $ ' resolutio sn prov dedi to Lender $ with B '* $ respect $ to $ the > Loan ? " $' Docum nts e are in 7 full force and 77 $; effect; and $ $ that $ the *% 5 7 % ' 'G $ > % +K %' $ ' unde gnedisr remain $ % authzed ori to act on 7 behalf of and bind , %% % Borrower ' as **% *% $ approp e. rt ia If < any K of $ the 7 % foregoi gn is % $ inaccurate % or % " ' incorre, tc in < any < way, $ the %' undesigne r ,d as + 5 ' indis,vidu la ager e $ to + " 7< indemnify and hold > % Lender %" '' harmless from any and all "' claim, s % $ 7% " < N* M ' losses % or " ' dames ga that Lenedr expences eri or %' incsru ' as a % ' $ result. )))) $ $ > % % 1 (b) No /5 $ Event 7 of ? 7 $ Default. : % Theer ' is no /5 $'K Event of ? 7 $ Defaltu % or 5 $ event whic,h with $ notice % or $ the *' lapse K of $ " time wou d l be B an /5 $ Evetn 7 of ? 7 Default % under $ the > Loan ? " ' Docm u e.nst F " $ %" $ : (c) Warrtnay Inform tion a. The %" $ 7 % ' informa onti furnishe d $ to > % Lender < by , %% % Borrowe r ' as * part 7 of $ ' this Am endm nte were -" " " % B $ K $ 7 %"' ' " $ furniehsd as a " $ materia l induce nt em for > % Lender E to " 7< mod fyi the $ %"' terms K of $ the > Loan F $ with , %% % Borrower and ' is + inform tion a upon which $ the * , %" % > % % 5% ' + $ Lender ' is % <" relying on in % % grant ngi the %"' % % terms hereundre. Borrorwe fu rther warran s t and % $ ' guanr et es that all $ 7 %" $ the infom rionat given B to B K 5 , %% % ' the Lender ' is "* $ comp ete,l accura e t and fully repesnrst Borro'swre financia l and * % $ operating conditi s.no R $ > % % $ < $ *"' ' $ ' : * Trip e l V ? < Dairy -" " Amdm neent 2014 Seco d n Am dem n ent to Loan Docu sm et n -" " $ > ? " $' 4 " 2 60 : , % %% $ ' ' $ forth in" 7 Bo %% $ ' (d) Continuing Repre entation s s and rranties. Th e % *% ' $ ' repronesstat i an d warra nti se of rower set $ 0 % ' " ' Wa BB % '* $' all " $ % mat "* $ the > Loan ? " $' Documnest are e, corr , cet and ete l in erlia respec .s t comp %% $ % tru $% 5. ) % perfo * % "" -" " $ +$' N $ ' $ 5 ' have Condition s 7 of thi s Am endm nt. e Le nder shall no obl igation to$ exe cute thi s Am dme en nt or mr its > % $ ' $ ' -" " $ or 7 % % befo ' $ 'R % sat 2 $ % 9 $ the obl ga iotsni under $ ' this -" " $ Amendm nte un '' less and $ foll owing ' condsio itn are isfed i on re Oc ob t er 16, 2014 7 $ ' % until % $ $ the : %" ? $ ] * " $ Termi ? E ' $ 'R on or % 7 % " " $ ' BC: %" $ ("Termat inion Da . te ) " I+7 f the following conditi s no precede nt are not satisfied before the iotann Da te, then $ % ot " $' $ Loan > % * < $ % outs tan gdni principla bal ance of Loan and all8C accr edu and unpaid i $ % '$ nterest and all her amo unt s pay eabl under the the $'$ * *% * $ > *% $ 'KE " % $ E " acc pay Docum tsne shall " become "" $ < imatme elyi d due and albe wi thout *% ' $" $ presen , t ntm e dema nd , protest , noti ce of i K ntent to eraelte, ' * < ? " $' % wa , %% % an N % ' an % of > % may 5 7 7 whi notice of % $ acce at erionl or R notice % Q % " $' requireme snt of an y $ K other ki! nd, all ch are veid by d Lender y C2++ , < " < exercise < < Borrower $ ' Amendm -" " "E % +$' % $' % > ? " $' $ Loan or all 7 of its rights % under the Docum , nt es unh nder i ed by nt:e < this (a) B $ ' -" " $; -" " $ $ ' $ Le > % ' N $ > % 5 % Bo rrower ' has exec uted and del vi ered thi s Am endm nte to nder, an d Lender has execute d thi s Am endm ; en t N $ , %% % (b) B 7 5 > %E' 7 7 $500 Lend s 'er rece pt i of a fee in $ the " $ amount of 00; . )) G $ * B (e) > % ' the $ am 7 ' in % * %$ " % *$ of ' % @ % $ ) ( ); Lend s er' receipt UCC sear /Cre ch dit rep ort fees otnu of $29 05;. an d (d) > % ' % Q % > %5 7 all oth ot $ % *% $ ' % *$ % " $' i $ %" Lend s ' re recei pt of er doc uments , nfoion rm ta and her preconditions req uired by der. < Len B > ' set ' $ fort $ Loa " % 6. Rese onrv at i of Right . s Thou hg Len de r is gn to amend the n as h he n,rei Le ndre reserv se > % ' agreei $ " % > % % ' %5 ' : , $ 0 ' %5 $ -" " $ ? " $' $ $ $ Loa > % all ts and remes edi to wh chi it 'is, % or ma y " becom ,e lega lly enti tled und er the n Doc ment u .s Acco gnly, rd i thi$ ' s Amendment % " ' < - % < righ $ $' " < 5 E the $ fut ' $ Le > % % of $ any 7 $ % $ % $ $ ma 5 % % remedy " ava does $ not '$ $ $ constitute a wa iver K of any t or y or ure do es become labl i e to nder or auf lt or ' " % in % " < that " < < de < righ 7$ % -" " $ Evetn of ? 7 $ Defaltu occruigrn aft er the date 7 of $ ' this Am nedm nt.e /5 $ " " K > %E' $ Lende : ' -" " $ "" $" $ $ a commit the * 7. No Commitment Financing. This Am endment is ' not ment on 'sr pa rt t$ o 6 $ % / 1 ' to $ Future ""W$" $ as " $ $ term ' $ forth thi -" " $ in $ ' 7 $ % $ %"' pro vide , %% % Borowr er % or any ated entity e fiR nancing i n < any am ount be yond the s set s Am endmnet. % $ $ any < *% 5 $ $< with < futur < rel % Cl '$ $ " % I 5 any " $ 1 , % 8. No Offset. Defense or aim. Borrow er do $ not have offsets aga nsti the amoun t pa yabel und er the * < < (a) 277' $ ? ' B R' $' > % (e) 7 ? " $' "' agai > % 7 any Loa n Documen ts ; (b) ses n to the pay ment of ounts und er the n Docu ts;m ne or stn Le nder in+ "' > ? " 'G " $' 7 ' ' $ Loa $ $ * <" $ < am B claims B? defe : the ' exi 5 ' , %% % % < N '$ $ fulle 7 '$ F $ t $ " ? " $' " N$ $ N $ conec niont with he > Loan Docu . sm etn To extent any h "' clms ai do st, Borr ower hereby wa ves i the m to$ the ts ex tetn < suc perm tted i by E law. * < ' not 9. No Waiv . re The exec,uio nt de livery an d eff ectiv ess ne of 7 this ntm dne shall , exc ept ' as exp eyr ssl 5 % 7$ 5 ' $ ' Ame -" " $ : N N *$ ( $ 5 %< N*% '' < *% % % " < $ Cr > - % " $ prov ded i herei , n * % $ operate ' as a waiv er 7 of < any right, * % power or remde y 7 of the ndre under tedi Agree emnt or her Loa n % $ % the $ % $5 % $ Le > % % ot % " $ % $ *% 5 ' Docu ,ntm es nor "" $ con tui te st a wai ver of any on is i of Credit - % " $ Agrent em or er Loa n Docmuens.t % oth $ % 5 % > ? " $' ? " $' $ the % < prov 1 O. : ' Exp sesne. Th e , " % Borrowre shall * < pay on and all esns inc urred by nder in+ conn onecti dem 8C costs '$' and expe $ Le N* ' ' " > % /N "" %% < the $ ' $ " '$% $ K thi -" " $ E > " $ $ wiht the prepara , noti exec on,i t u deve li ry, filing, and adm nistiration of s Am ne dm nte (incl ng udi, wi thout lim itaon, ti Lega l Fees 6 ' $ *% * % $ R N $ B 5 %< $ its % $ the 5 ' ad > % ' to $' ri% $' '$ incurred in conn eio nct wit h the preparatio n of this Amednmnet and vising the Lender as ght,s and cost of any t $ ' -" " $ 7 R + %% $ < credi $ *% * % $ , %% %E' % books !' an 7 the *% * %$ ' or verificatio n % * %$' reporst % or R field exam ati inon s of Borrower's properties d reco rds. ) Borrow r's e obl igatio sn to r % % ' 5 " B , %% %' ' N " $ ' > % $ Lende , %% % ' ' Am repaym under $ ' this Sect oni shall surv ve i termin atio n of ne dm ent and nte of Borrower s ' obl gat i ions to dn er under $ ' -" " $ % " $ > % ' ' %5 5 7 this $ Le 4 $ % * <" $ $ the $ - % " $ Credit Agreeme nt. U ] % un : 7 11. Sevaebr ility of Provi si on .s Th e invalidi ty or enforceabilit y of y term ion is of endm nt,e or % *% 5 ' 7 an $ %" or % prov this $ ' Am #% 5 ' ' % < 4 5 % < 5 $< -" " " < ' i n $ the > Loan ? " $' Docume ts,n all $ not affect $ the val dityi or enf ocrebaity il of the remain ng i terms ; n and each prov sion i in+ tC 4 his 7 the $ Loa sh $ %"' of ; $ % " *% 5 ' % $< 5 $< > G 5 $ % -" " $ ' va + ' **% *% $ Amend me ,nt or the Loan ? " $3 Docum , setn as ate,poi r sha ll be di l an d en foceab er l t o the est ext ent pe ttrm edi by . % ' appr $ > N$ $ $ full * "$$ < law 12 . -'' ' : 7 this $ ' Am , *% 5 ' ' Ass Binding on D %' Heirs, 4 '' %' Succes ors and igns. Th e provis ion s of enme d nt sha ll bi nd the cve ti -" " $ ' $ respe % '* $ 5 heirs, N $ %' exec,ursot personal % *% $ $ 5 ' reprensves, tiat ministrators, cesso sr and igns of es. * %' %' " '$% $ %' suc * %$ ' ass $ parti ad '' ' ' '' %' the 8E 13. , %% % % ' -'' % ' Further Ass uranc es . Borrower agr ees to ecu et any add ona it i l docu emnts that y be ces ryas or % N $ ex $ 7 %$ % " $' $ $ ma ne '' %< < " < % desired by Lender $ to effe ctua et the inte tn and -" " $ + K this $ ' Amendment. $ purpose $ *"* ' of < > % 3 > T% " ripei V5 * Dairy Ame ndment ]K 2014 -" " $ 4 " -" " Seco dn Am endm et n to Loan ? " = " Docum ents 61 7 14. Exec tio un in $ " ' Counterpa . srt This -" " $ Amedme nt n may be N $ execu edt in < any " % numbre 7 of " %* ' counters,pa rt each of which : ' " < /N $ 9 $ when ' so N $ execu ed t and 5 % de ive l ed r shall be " deemed $ to be an % origi lan and all 7 of whi ch $ ! $ $ % taken together ' shall '$ $ $ constitute but one and $ the ' same '$% " $ instrum net. ' " 15. ) $ $ 7 $ Govrning e Law. : ' This -" " $ Amendme nt ' shall be $ %*% $ interpre edt by ** < applyin g the laws of the 4$ $ State 7 7 % of Caaforn li i with out $ ' > & 5 % < regard $ to $' its $ 7 conflict of law *% * ' princip es. l % % "" -" " $ 77 $ 5 · : The * %$ ' parties 5 have ' signed $ ' this Am endm nte effectiev ' as 7 $ of the < day and < % year fiR%' rst % $$ written 5 E abo.ve BORROW RE * %' * 5 % TR PLIE V ?-+0A DA RYI, a % Ca ifolrnia genelar partn ihsper :0+#>/ B¿ y: ~ F.@ e Ch'X 8 ,~::2£Z @ /?F-0? EDWARD ->-?-2 VALADAO Partnre Gelaner & % # %$ % X M By~ ,<; X X- 0+> ->-?-2 71 & % # %$%7 % ,<; DAVI LAD O ?- +? .>-?. Geenral # % Partner & % ~7 (,' %" lf_~ Or" By: ,7 - AiMJ~ TERRA ->-?-2 VALADA O :/00- General # %$ % Partner & % By: ,<; cl}, V7 1 I@ @+ @ M (}/ ?+ -4 DIMAS ->-?-2 VALADA O clai!a ,.d~ J @f\E@J@ ) Geenral Partnre # %$ % & % By: ,<; B @ 9 \fl 9B> huJ¡, JMg ., Ocú~olao FY -0A MARYJAN E/ ->-?-2 LADAO -1 Geaelnr Partner # %$ K & % : * 9 Triple V ? %< Dairy -" " Amendmnt e 2014 4 4 E Second -" " $ Ame dment n to > ? " $' Loan Doucments 62 - LENDER >/1?/0 RABOBANK, 1 - N.A. 0-,2,-1. 4 R ]; @ --~------/--.. -'-~-"----'--!.'/r._ - ~c.:. -"'-- By: ,<; 1 " ; Name: ------' ""á-"·-------..;"''---..:../" . ...,.~ /c.:,?cu.+% t'. ,._,yc_, -,~ , : Titel: : $ ; @B @@` ---~d'""-' ,,.t_ Î'ii·c.."' ._..e"" ,_. . '-'-'íw:/.. ., +7S e 9- ~ R < ....:.~--'-'1<'--', "'· ~ ..,; B J, N E I :% * 9 Trip e l V ? %< Dairy -" " $ Amendmnt e 2014 _Jé'.= @C@ X=+X 1, *C ~'-'" ,_,__1_ 5 Second -" " $ Amendm etn to > ? " $' Loan Docm usen t 4 63 8 :% * -"" " 2015 Tri epl V ? %< Dairy Amendment ) % $; K Cr Dairy Herd/Feed > Line of edit: 8 9 (9 361429 1? %< D % @6 X :D+0? TH RD I AMENDMENT :2 TO >2-1 LOAN ?2 /1:e DOCUMENTS - /1? /1+ $ the 5 $ % % $% ' $ ' : " $ > Thsi ' is $ the $ % third -" " $ Amendme nt to Loan ? " $' Docme u nst evidencing the 5 above ref ere ced n transactio s n B % 7$ % (herefainet r the ]-" " $ +K :0+#>/ % * %$ 5' * 'Ame dment") n . lt ' is $ dated ' as 7 of 4 * " % September 2, ) 205.1 +$ lt ' is between TRIPLE V ?-+0A DA RY I, a 7 % California gen eral partners phi B], %% %C Lender > % % ' '' $ ! ('Borrower ) " and RABOBAN , K 1 - NA, a $ K nat onal i bank ngi association B > % ('Len.der") Borrower agree as foll ows: 7 '; , %% % and 0-,2,-1. C $ $ 1 5 " % Borrow r e and > % Lender 5 have $ % entered into a % $ Cred t i Agr ement dated Novemb r e 19 , 2012 , $ $ that was previously amended by - % " $ " < ( ' *% 5 '7< , % -" " $ to > $$ % 8 B" 6" $ Loan > ? " $' $ $ $ tha t " certain /N$ ' Extesnion Letter $ dated ? " % Decem be r 5,) 2013 and $ $ that certain First Amendment Docum ntse dated ? " % December 10, 9 $ Loan > Doc ? " $' %$ $ $ certai /N$ ' > " % 8 $ , 201 20 31 and tha t %$ certain 4 Second -" " $ Amendm t ne to uments dated 4 *$ " % September 17 4 and that n Exte onisn Lett er $ daet d : Credit % % % 7 " ' $ ' % $ Ag % " $ August 26, 2015 (said agreem nt ,e as " amend ,de ' is her einafter referred to as $ the "Credit Ager ement . ') The er ement and all ) B' - % " $ - '$ 7 % * %* ' ' '$% " $' % Q % < $ Loan > ar % ' % $ % other % " $' agrenemst and instrument s required by > % Lender for purposes 7 of 5 evidnecing % or se curing the e % hereni $% referred to $ as ' "Loan $ $ ' $ %" / ? " ' $ $ ' Documen . " st Each * $ 5 capita izedl term ' used + in $ ' this -" " $ Amendm nte that is R defined in " the $ % other > Loan Docume nts and not R defined in this " '] $ " : ' K % with ten will 5 have the meaning '* 7 specified + in " that > Loan ? " $ Documen t. This -" " $ Amendm nte will be $ $*% $ interp eted r in accordance the Amendm -" " $ $ 5 $ ' ?% Draftign Convention . s P %"< " %$ > ? " ' ' set ' $ 7 %" -" " $ , %% % Borrow re and > N Lendre ' wish to further amend certain *% 5 ' ' provisions 7 of $ the Loan Documents as forth $ ' in this Am endment. /N *$ as ' " R $ ' Amendment 1. Original ' % " Instruments $ to 0 " Remain in / $ Effect. Except modi ed fi by this , each 7 of the Loan $ > -" " 2$ < 7 $ 7 % " $ $ % $ %"' Documents ' shall % " remain in effect and ; are 5 R vadli, binding and enfor ceable according to their terms . +K If < any $ % ' ' conflict arises be tween ? " $' $ ' $% > -" " $ th ' is Am endmen t and $ the % orig nali Loan ? " $' Documents , " then $ ' this -" " $ Amendment sha ll control. $ ' Amendment 7$ % / $ aft % $ % -" " $ Effect on > Loan ? " Documents . 2 On and er $ the date 7 of this , each reference i+ n the nts e > Docum ? " ' $ Loan (a) B C % % "=+' shall ' " be a % 7 % + $ to "t]$ ' his - % " $ Agrem een t", "hereunder ," C ] % 7 ] ] "hereof," "herein" and ' such % ! other like terms mean and referen ce to the > Loan Doc sum t ne ? " $' $ ' " as amended < by $ ' this -" " $ Amendment. 7 " ; /R $ '' ot % $ changes ' and thi " " $' $ % ' $ amendment D+#4 (b) Effect of this -" " Ame dment n Unless herwise '$ $ staed t her ein, the s conta ned i in s B ' !" * * % % * to -" " $ $ ' -" " $ Amendm ent ' shall be 77 $ 5 effective as 7 of $ the date R%'$ first ' $ set forth in the opening paragraph this Amend ent m (the E-" " $ "Amendmen t Effect ve i 5 B$ Date .)" ( C 2. : - % " $ Th - $ " R K the $ % $ ' Modified : Terms of Credit Agreement. e % $ Credit Agre nemt is amended :s " as 7 '; ' follow (a) B ' amended " below : ter $ %"' The (8) Dairy Herd/Feed > Line 7 of U% Credit. /N *$ Except as , all ms an d conditions relating to $ ' % $ the $ ' > Dairy D "@6 Herd/Fee d Line K of % $ Credit sh all % " remain + in 7 full 7 % force and effe : ct ( i. + 7 Q followi g:n % $ ' superse 4 $ - % " $ $ Seciton 1 8 0. 3 B (a) 7 of " the Cr edit Agreeme nt shall be % * rep aced l i+ +$' n its $ % $< ent ertyi and dde wi ht the $]; ' * %' (a) B , ' C %"5" $ ' " "Borrow ng i Base" " ' mesna the sum 7; of: C i. \ K the 7 / $ $ Va * ' 10 0% of uel of Eliblgie Inventory ; plus + 5 $ % % the am ount K of any overd afrts on < any acco unt of K , %% % Borrow r e $ with Le nder. < 5 % % ' : * -" " " ) Triple 5 V 89 Da ryi Am endmnte 2015 : " Am -" Third nedm nte " K lo + > Loan ]" " $' Docum nt es 064 ' ii. Sect oni 1.03 B B {b)(i )i of the Credit - % " $ Agreement +' is % < hereby $ deletde in its $ % $< entirety 7% " from the % $ Cred t i - % " $ Agreemen t 7 % $ 8 4 $ and ' shall be 7 of no 7 %$ % furteh r force and 77 $ effect $ % % thereunder . 7 % $ + ' Section 8 1.03 B B5 (b)(v) 7 of the Credit - % " $ Agreement shall be % * rep aced l in $' its $ % $< entirety and ' * %' supedersed with $ the $ % $ 4 $ ii.i $ 7 ; foll owing: 7 , 7 (v) "Eeblligi Feed + 5 $ % %G Lender; B (C) $ not ' W $ subject $ to < any > Lien + in favor B, 7 % 5 ' ! of a # %' Person $ % other > % than Lender; B? (O) $ not '* spoi edl or otherwise in a $ condition ' $ unsuitab e l for 7 feed ngi livesto ; kc % $ % ' 7 $ > %G and B/ (E) $ % " otherw se i acc eep ab tl to Lender; *$ iv. $ Seon cti 1.07 7$ of the % $ Credit - % " $ Agreement ' shall be % * replace d in $' its $ % $< entirtey and ' * %' supersded e wiht $ the 4 $ follow ng:i 7 $ ; Required # <" $'G Payments: $ % Maturity ? $ Date. 0 % 1.07 (a) Borrower shall * < pay % accrued $ % '$ interset on $ the > Line 7 of % Credit on 2 $ % Octoreb 2015 and on $ the )5, ) , %% % ' B fiR7$ fth < day of each month % after $ the ' Closing ? $ Date $ to the $ % $< Matur ty i ? $ Date. 7 , " (b) Borrower ' shall * < pay > Line 7 of % $ Credit *% * princ pali in $ the " $ amount B^[ of $16 000 00, . on 2" ; Octob re 5, ) + , %% % B ? $ % 2015 and on $ the R fifth < day 7 of each " $ month $ % 7$ % therefter a to the Matu ity r Date B R {definde herein . ) $ $ $ % $< ) $ % The unpaid *% * princ pali balance 7 of, all * % unpa d i accrued $ % '$ intees r t on, and all oth er % ' chareg s : * (c) B undre $ ' this % " agreement $ with % '* $ respect $ to $ the > Line 7 of % $ Credit, ' shall be * padi on Augu st 8 31, 2016 B$ (the "Maturity Date" .) - '$ " < ? $ C % 3. 8 ' Defined : %"' Terms. * $ Cap zed laiti terms R defined in this sect oni are % < hereby " ame ded n in the Loan ? " $' Docum ,nt se as $ ' ' $ $ > % $ %"' ? 7 follows: '; C>+,20 % $ 77 % 8 "LIBOR" " ' mean , s 7 % for < any + $ % '$ Interst Per od i, a % $ rate * % per " annum Q equal $ to $ the > London $ % ! interb nk a offed er rate ' as # % $ $ $ $ ' ' admini ered ts by $ the + / ICE , " %! Benchmark Adm nist ation ir (or < any % other 6 " Person that is ' $ designat de as ' '' % successor to the + / ICE - " '$% $ B % " '$ % < 7 7 % * ' $' Benchmark - " '$% $ Admintration is for * %* ' ' purposse $ of the %% E ' % administrat on i of ' such % rate) for deposits in 4 U.S. %' $ dollars with E %" a term 7 % , " %! # E ** equ va ent il to ' such + $ % '$ Inter st Period ** % app ngeair on $ the applicab e l * page % or ' % screen K at , " % "" Bloomberg com . (or, in $ the 5 $ event ' such B % Q 5 $ $ rate ' does $ not ** % appe ra on , " % % a Bloomberg com . page % or ' % scre,en on " the **% *% $ appropri ate * page % or ' $ screen K of ' such % other 7 "" informati no * B $ 8K ' % $ service $ $ that * ' ' publishes ' such % rate as shall be ' $ seleced t by > % Lender 7% % from $ " time $ to $ " time in $' its % ' reaso e nl ba dision) cret at ' ' ' %5 < % ; approx lyiem at 11 :00 " a.m., > London $ " G time; *% 5 provided $ $ that in no 5 $ event ' shall $ the >+,20 LIBOR be '' less " than zero and *% 5 provide ,d ; ** N " $ < * ' $ 7 % ' % $ furth , re $ $ that the LIBOR " < may be - W '$ Adjustde % " from " time $ to $ " time in > %' Lende sr' discret on i for $ ' %5 reserve % Q % " $' requ ermens,it depoist P $ >+,20 '$' P ' insurace n assess ntem rates and $ % other % $ %< regu atory l costs. '' ''" $ ' % ' B * $ Any * $ %"' capita izedl terms which % are added % herein ' shall ' ** " $ supplem nte and be in E addition $ to the cap zeadliit ter ms + in - < Loan ? " $' Docum nt es and < any cap talized i terms % herein which % are " R modifi de ' shall % * rep acle and ' * %' supe se rde the ' " same the > g %"' * $ $ defined term in $' its $ % $< entiret.y R F " " 4. Borrower 's 0 % ' " Repre on . sentat s i ln $ add tioin to the % *% ' $ ' representations and %% ' warrnaes ti made < by , %% % Borrowre in the + , %% % ' $ $ 9 '; Loan ? " $' Docum ts,ne Borrow re %% $' warrants and % *% ' $' represenst to > % Lender ' as foll ows: $ , %% % > % $ (a) No Change in , %% % Borrower and & % $ % Guarantor . There has $ not been any change + in $ the %' * owner hip s or '$% $ % structure of : % ' < 1 B % $ $ Borrowre or & % $ % Guarant ro or their business; $ $ that $ the % ' $ ' reso ons util prov ded i to > % Lendre $ with % '* $ respect to the > Loan ? " ' Docum st ne are in $ full *% 5 $ % ' ''; % % , %% $ ' ?+ for ce and 77 $G effec;t and tha t $ the %' % " und signed re remain % authoriz ed K to $ act on be f hal of and bind , % Borrower and & % % Guaranor, t as $ $ 7 % $ " 7< % app aterop.i r If < any 7 of $ % the foregoing ' is % $ inaccurat e % or %% incorrect , in < < any way, $ the %' undersign , ed ' as 5 ' ind vidu s,i l a agree to indemnify and **% *% $ +K % ' $ hold > % Lender %" '' harml sse from any and all "' clms ai , '' ' losses % or " ' damages $ $ that > % Lender N* % ' experien ces % or %' incurs ' as a res ult. "" < ) Trip e l V ? 5< Dairy -" " Ame dm nten 201 5 : * 2 Th rdi -" " 5 Amnedm nte to > Loan ? " ' Docum nts e C 65 /5 $ : % 1 $ $ {b) No /5 $ Event 9 of ? $ Default. Ther e +' is no Event $ of ? $ Default % or 5 $ event whi,hc with notice % or the lapse K of tim e would be " $ *' B an /5 $ Event 7 of ? 7 $ Default % under $ the > Loan ? " $G Docum . nt se (c) Warranty + E Information . : The %" $ informati no $ % ' furni dehs to > % Lender < by , %% % Borrower as * part 7 of thi s -" " $ Amendm nte were F %% $ ' $ ' % B furni hed s as a " $ % material " $ inducnm et for > % Lende r $ to " 7< mod fyi the $ %"' terms K of $ the > Loan $ with , %% % Borrow re and is informtion a upon which $ the 7 % $ ' 7 % ' ' %" $ * , %% % Lend re ' is 5 < rely ngi on in % $ granting the hereund . re Borrow r e %$ % further %% "' warrants and % $ ' guarantees $ $ that all $ the $ %" $ infom r ati no given $ to > % 5 %"' % % terms , %% % ' R the Lender ' is "* com ete,l p accurate and 7 < fully % *% ' ' represe tsn Borsower' fina nci la and * % $ ope tain rg conditi . sno $ ' $ > % " : (d) Continuing 0 "' $ " Repre entation s s and F %% $ ' Warrantie .s Th e % *$ ' $ ' represio nse t nat and %% $ ' warrnaes ti of , %" % Borrower and $ K B; $ > Guarntor a set forth + in the Loan ? " $' Documents % are $% true, %% $ correct, and "* $ complete in all " 5 % '* ' material respe . ct s & % $ % ' 5. ) < ' Condition s 7 of $ ' this -" " $ Amendment. > % Lender ' $K shall 5 have no $ obliga iont to N $ execuet $ ' this -" " $ Amendmen t or * %7 %" perform $' its $ % % obli onsgati under $ ' this -" " $ Amendm t ne unless and $ until the foll ng owi condit osn i are ' $ 'R satifsied on % or $ % before 2 % October 2, ) 2015 $ " '' $ ' % $ ' ? ] % ' $ 'R % BE: $ ("Terminati no Dat. e) " ++ If the $ following "" ' condition s *% $ prece nedt are $ not sat sfi i ed on or % before the Term nation i Date , $ then $ the $ : 5" ? $' outstna ding *% * principal balance 7 of $ the > Loan and all % accrued and * unpaid + $ % '$ interest and all $ % other " $' amounts * < payable % under $ the > Loan ? " $' K $ $ " Documents ' shall " become "" $ < immedyiate l due and * < + paya e l b without *% ' $" $ prese , tntm ne demand, *% $ '$ prote, ts notice of intent $ to acce ,eler ta % not cei $ of % R accelertion a or $ not cei % Q % " $' requiremen ts 7 of < any $ % other ! kind, all 7 of wh chi % are 5 waiev d < by , %% % Borrow re and & % $ % Guarant r o and > % Lende r $ % may N % ' execise r any % or all 7 of $' its % $' rights % under $ the > Loan ? " $'E Documen ,s t unhin er de by $ ' this Ame ndm ent: -" " $; < " < < (a) B B ' , %% % Borrw oer ' has N $ executed and 5 % delived er this -" " $ Amendmnet to Lend, re and > % Lender ' has N $ execut de this -" " $ Amne dm ;nte $ > % $ ' (b) B > %E' Lende s'r receipt 7 of a $ fee + in $ the " $ amount 7 of 8 ; $1,00 000 ;. % *$ B (c) > % ' Lender's % *$ rece pt i 7 of a UCC 4 % @ % $ Search/Credit 0 * %$ Report 7 fee " in $ the " $ amoun t K of $56 65.; and [) )G (d) B > % ' % *$ Lend s' er receipt of all % other " $' documnets , informatio n and K other *% $ ' % Q % preco otisnnid required < by > % Lender. 7 6. Reservation 7 of 0 $' Right . s : Though > % Lender ' is % agreeing $ to " amend $ the > Loan ' as ' $ set $ forth E herein, Lender % ' %5 ' reserves 0 ' %5 $ > % all rights and % " ' rem es edi to wh chi ' it is, % or " < may " become, < legal y l $ ent tlei d under $ the > Loan ? " $' Docutsm .ne Accordingly , thi s -" " $ Amendm t ne % $ $ ' - $ < % does $ not 'R constitute a 5 % waiver 7 of < any % $ right % or % " < remedy that may % or in the futu re ' does " become 5 avaailble to > % Lender % or 7 of < any $ % default or $ $ " < ' $ Event K of ? Default %% occruing % after the $ date 7 of $ +' this -" " $ Amendm nt .e /5 $ % $' 7. E : ' 1 ' No "" $" $ Commitment ; as $ to 6 $ % Future 6 Financing . Th is -" " $ Amden men t is $ not a "" $" $ commitment on $ the > %' Lender's * %$ part + to + provide , %% % Borowre or < any % $ related $ $< ent tyi with any 7 $ % future R " financ gn i in < any " $ amount < beyond $ the $ %"' terms ' $ set forth in this Amne dm nt. e *% 5 % $ < ' -" " E % 8. No 277' $ Offest, ? 7 ' Defen es % or " Claim. , 5% % Borrowre and & % % Guarantor do not 5 have < any B (a) 77' $' offset against $ the " $ amount + 1 '$ % % $ * <" $ + > ? " $'G " $' paeyal b under $ the > Loan ? " $'; Docum ; nt se (b) 7 ' ' defesnes to the payment of < any am oun st under the Loan Docunts me; or B (c) "' claims $ * < % B '$ $ : the $ N$ $ against > % Lened r in $ connencoti wi th " the > Loan ? " $' Docum .ent s To extent < any ' such "' cla msi do N '$ exist, , %% % Borower and & % $ % Guarantor hereyb % < wai ve " them $ to the fullest ext ent * %" $$ permitted < by law. 5 N$ " " 7 '$ ( 1 9. No F 5 % Waivr.e : The N $ execut , nio delivery and 77 $ 5 '' effec ess tiv ne of $ ' thsi Am endm nte shall $ not, N *$ except ' as N*"'' < expressly K -" " $ ' 5 %< *% 5 provided % here,ni * % $ operate ' as a 5 $ waiver 7 of < any $ right, * % powre % or % " < remedy 7 of the > % Lendre % under C ( the Credit - % " $ Ager emnet or % other > Loan % Docum nts e, nor '$ $ $ constitute a 5 % wa vei r K of < any *"5 ' provi on i s of $ the % $ Credit - % " $ Agreeme tn or $ % other > Loan ? " $' Docum . ntse % 7 % ? " "' 1 O. /N* ' ' Expsenes. The , %% % Borrower ' shall * < pay on " demand all '$' costs and N* ' ' expensse / incurred < by $ the > % Lendre E" in $" conn ioentc : $ with $ the *% * % prepar tion a, execution , R5 %< delivrey, g, and " '$% $ 7 administra io nt of $ ' this -" " $ Amendm nte (inc ng,ludi wit ohut limitati , no > Legal 6 ' Fees N $ R filin F $ $ B +" $ $ %% 7 thi ' $ $ > % in $ conneio nct with $ the *% * % $ preparaotni of s -" " $ Amendment and 5 ' advisgin the Lende r ' as to its E' right,s and the '$ cost 7 of any cred ti incurred $ $' < % $ % % $ , %% % ' ver ficat i io n reports % or field examin tion as of the Borsor we 'r pro peries t or !' books and % % ' records) . , %% % ' Borrower s ' $ ' obligation s $ to > % Lender R N " $ ' % * %$' *% * %$ ' 5 7 + ' % undre thi s 4 $ Section ' shall ' %5 5 $ %" $ surv vei terminati no of $ ' thsi -" " $ Amne dment and % * <" $ repam y net of , %% %' Borrowe 'sr obl ig onsati to > % Lender % under the $ $ ' $ % OK Credit - % " $ Agreent. m e K $ 11. Sever bility a of #% 5 ' ' Provi ion s. s The + 5 Z $< invalidity % or $ % $< unenfo tyceabi r li of < any term or *% 5 ' pro onvii s of $ ' this Am endm nt ,e or 4 5 % : $ %" % 7 -" " $ ; in the Loan Docments u , shall not affect the validity or enfor tyceab i il of the remaing in terms of the Loan; and each *% 5 ' pronovisi in $ ' this + 5 ' -" " Amne dm nt ,e or the > Loan ? " $' Docme u ,nst as **% *% $ appropr ate , i shall be valid and 7 % enforceab e l $ to $ the + '$ fullest N$ $ extent * %" permitt de < by law. % $ ' $ > ? " $' ' $ 77 $ + 5 $< % 7 % $< 7 $ % " $ %"' 7 $ > G ) T:% * ripie V5 ? 5< Daryi -" " Amendm nte 2051 Thi dr -" " $ Amendm ten to Loan Documen st > ? " $' $% 3 66 7 4 '' %; 12. Binding on D %' Heirs, Successors and -' Assigns . : The *% 5 ' ' provis onsi of $ ' this -" " $ Amendment ' shall bind $ the % '* 5 respective , K ' '' %' " '$% $ %' heir ,s N $ %' executors , * %' persona l % *% ' $ $ 5 ' repres ntatives e , admin str tor as,i successors and '' ' ass gns i of $ the * %$ ' paesrt.i %' $ $ 13. Further -'' % ' Assurances. , %% % % ' Borrower ager es $ to N $ execuet < any $ addition l a " $' docum nt se that " < may be '' %< necessary % or 6 %$ % 8 des ired < by > % Lender $ to " effectu ate $ the $ $ intent and * %* ' purpose K of $ ' this -" " $ Amendm nt .e ' % 14. Execution in " 'E Counterpart . s : ' Thsi -" " $ Amendntm e may N $ be executed in < any " % number 7 of $ %* %$' countrerts ap, each of which /N R 9 " < when ' so N $ execut de and 5 % delivered ' shall be " deemed $ to be an % original and all of which $ ! taken $ $ % togerth e ' shall '$ $ $ contsitut e $ but one and $ the same '$"" E instrumen t. ' " 15. ) Governing > Law. : ' This -" " $ Amendm nte will be 5 % govern ed and $ %*% $ interpet red by ** < applying $ the ' laws 7 of $ the 4$ $ State 7 of & 5 % < 5 % California B$ (the "Gove rning > Law 4$ $ ] State") without % % regard $ to $' its $ conflict of ' laws *% * ' principles. 7 % C 77 $ 5 $ ' The * " ' parties 5 have ' signed this -" " $ Amendm nte effective ' as 7 of $ the < day and < % year R%'$ % $ first writtne 5 above. : BORROWER % :0+#>/ TR PLE I V ?-+0A DAIRY, a 7 % Cal fornia i gene alr * %$ %' * partnership ,<;6@ /?F-0? EDWARD ->-?-2 VALADAO & % K # % Geal enr Partner ,<; By ~• ->-?-2 PRIVALADAO #0+ General ,A Part @% @J %M X D ? U< % @- Partn re General # % & % - .>2U>UG 82.. O~LQL~ , 7% TERRA ->-?-2 VALADA O :/00- X B E . & % General # % % Partner @ J By: ,<; DÀ;~ V~ C DIMAS ->-?-2 VALADA O ?+ -4 & % # % Geaelnr Partner & % # %$ ) Triple V ? %< Dairy -" " Amend t nem 2051 : * @ T@ % 4 Th rdi -" " $ Amnem d net to > Loan ? " ' Docum s t ne : % 67 X ;] RABOBANK, N.A. " > 1 " ; Name: - P . "] K --'-'rLI =->-<"-...Jo:: .L>.J: "-"' J,,,,,£. :..:,,:_ ! J Ti: $ ; tl---'-"-'---'-'.-------------e: T: * ripie V Dairy Amendme nt 2015 Z) ? < -" " $ Third mnte to Loan cuments > Do ? " $' : Amend -" " $ c-- :...L. _ 5 68 ·' X :% * -" " $ Tripl e V Dai ry Amendm nte 20 16 ? %< 7 Cred D % @6 8 9 (= % $; Dairy rd/Feed Lin e of t: i 361 429-01 ? %< He ?2 /1:4 :2 >2-1 - /1? /1: TO FOURTH LOAN DOCUMENTS 62 0:D AMENDMENT " ' of 77 $ 5 as E ) 7 Feb 6 % %< This 6 %$ Fourth -" " $ Amendm nte to Loa n Do cum ent s is dated and de effective uary r 1 O, 201 7, < by and $ $ > ? " $' ma between : ' B , %% $C $ ! '' $ * %' * 0-,2,-1. TRIPLE , a California gene lar pa rtn hsreip ("Bor ) "row re an d RABOBANK , N.1A., - a na onital ban king ass ociation :0+#>/ V DAIRY 7 % % ?-+0A BE> %E ("Lende . )r" I / U + - > 4 $ $ ' of 7 Nov " 1 5 " % $ %$ - % " $ (, 201 % $ $ cert ' am Borrowe r and dn er 5 have ent ered $ into that ain % $ Credit Agr em nte dated as m e reb 19 2, as ended by t , %% % > % Le < tha -" " $ ? " $' 7 Dece > Doc 8G ? " % $ ? " $' certain : (i) First Amendment n Documen ts $ dated ' as of mreb 1 O, 2013 ; (ii) codn Am endm nte to uments dat ed $ Loan > 4 B Loa ; -" " $ to B+ Se B 6 $'$ 7 Septemb 4 *$ " % ) ? " $' % " $ as > Do $ as ' of ' -" " $ to as of 4 *$ " % September 17 ; and cum nts e dated r e 2, 5 (sa id agre nem, t $ Loan : % Amendment B' ' 7 9G (ii)i Third , 2014 201 - % " $C all ' % " $' : instruments - % " $ oth % " $' $ % % $ amended , +' is % % hereinafter % 7 %% referred $ to ' as $ the "C % $ Credit Agr .eem) ent " Th e Cr edit Ag reem nte and er agr ent esme and " % 7 %% to * $ % referred $ as / ? " $'S % herein ' "C> > ' % $ required < by > % Lender for ess of ceinng or nguri the Loa n are Loan Do cum ".ntse Eac h capital ed iz 5 7 % purpo 7 evid % sec % Q % * %* ' ' R " 5 -" " $ $ % > $ ; Am " mean ? " $' term used in thi s -" " $ Amendm ent that fined in other Loan Documen s t and not defined in+ this endm nte wi l hav e the ngi ' de R $ ' $ $ is " the $ %" ' 5" 'E % $ Dra ?% 7$ $ the specified in $ $ that > ? " $ Loan Docum net. si -" " Amendm ent will be + $ %*% $ interpreted i" n acco da rnec with ftign Con tio s.nevn : ' '* R Th B % $ ' set -" " $ $ am " %$ Cred ' $ forth 7 %$ in t$ ' - % " as > % , %% % Bo rower an d Lend re ' wish to end certa in *% 5 ' ' proivsions of K the t i Agr e nt m ,e his Am endment. Effect. ' modifi " R $ ' 7 the Loa > 1. Original Except as de by s Am end, ntm e each of n /77 $ /N *$ -" " $ $ Remain 0 " in 2% Instruments + '$% " $' to < thi + %"' 7 % $ $ % ' ' $ % en $ the $ Docme utsn sha ll rem ain in 77 $ effect and % are 5 valid, bi nding and focr eabl e accng ordi to r i term s. If+7 any ct arises betw en e + ' % " < confli ? " $' ' $% E -" " $ $ $ ' the > ? " $' thi s Am ne dm nte and original Loan Docu m,ent s the n thi$ ' s Am endmen t shall control. -" " $ % 2 and 7 this $ ' Amendment % 7 % aft $ -" " $ + Loan > Doc ? " $' 7$ % ? " ' On $ dat 2. Effect Loan Documents. er the e of , ea ch ref erence in the uments / on > ] % C E % 77 " and ' mean E % %7 % 7 % $ t$ + %"' > to$ C$ ' "this - % " ] Agre ,m eent " "hereund,"re "her eof," "her ie"n an d suc h % other li ! ke term s shall be a ref cerne to he Loa n Do cum nt se ' ? " $' ' -" " $ as " amended by s Am endm nt. e $ ' < thi ' this " " $' $ $ chang 3. Effect of otherwise sta ed t her ein, es and endm nts e cont eaidn in am $ ' '' $ % ' ' $ 7 this % the $ ' Amendment. 8 -" " $ Unless / $ ]-" " $ $ ' -" " $ Amendm nte sh all be 5 effecti ev as of the et firs t set in the ng in paraagpr h to thi s Ame nd me nt (the ten Effec ve i t ' $ forth 7 %$ * * % % * ' 7 $ da $ R%'$ $ ope /77 $ 5 ' -" " $ B$ "Amendm ? ! C Da.)et" 4.9 - % " $ Modified : %"' Terms of the Credit Agreement. $ % $ R X 4 $ 1.06 K Cr (a) The Line K of Credit; Interest. Section of the tedi Ag er ement is ' her eby - % " $ % $ : Dairy ? Herd/Feed D % > % < % $G + $ % '$ B amended in $' its " < ent retyi as follows: " ' 7 ' *% * 7 Cr > ' un % > of : Interest. e * unpa d i pr incliap bal acne of 7 Loans der the edit wi ll bea r % $ Line % $ 5 '$ Th edts on - W '$ the Adju " % B " ) \ pe * % >+,20 ' dete $ %"" $ $ dat 7 % $ 7 the fifth day 7 of eac h > Line of Cred t i $ Month , or (b) 2. 750% r ann m u. LIB OR sha ll be min red as e ' of R7$ < the , '" '' % '* $ 5 - W '$" $ % if t$ $ on $ a Busine of the respectiev Adj usment, t or he da et 7 $ of the respec ivet Adjus ment t is+' not ss Day , then $ - W '$" $E K " % '* $ 5 ? $ Cred one month % " $ period * $ begin the R%'$ : t %" " $ firs "LIBOR Indexed 0 F Ra . )e"t The erm "Li ne of it $ ^ Mont "h " ' mea sn the ing n on t B,20 + N $ Ame -" " $ day he % caleda nr mont h imme y le dtia fol7 lowign the dment n Eff ective Da e,t an d eac h success eiv on e /77 $ 5 " $ ? $ ' '' 7 t$ "" $ < < of month * % ] period." " $ "1C 06 . 7 (a) * ' 2. ) \ intes er t at a rat e equ al $ to the greater of e month 750% per m u, " $ LIBOR $ % $ % $ on >+,20 plus * % ann " Q % $ $ % ' B the 7 C dit % ""V of K the" Cre (b) The Operat ng i Line of Required # <" $'G Payments; Maturity onti 1.0c) 7( $ % Date ? . Sec 4 $ : 2* % $ > 7 Credit; % $G 0 % B Ag er em net is eby am endde in its en trei yt as ows: $' ' foll $ '; +' her " - % " $ " $< % < of, un * " "(c) The * unpaid pr* * inc pal i balance padi acc ru de int $ % '$ eer st on , an d all ot her ch arges : 7E all $ % % ' CBU M $ < 7 Cr $ Li 4 *$ " %K the Sep (tB$ under this agreement wi th respe tc to ne of e,t di shall be pa di on ember t 30 , 2017 he "Matur yt i > % '* % $ ' "' % " * % 8 Date . ) '' ] ( of the >+,20 The (c) Gener l a ? 7 $ ' Definition ; s LIBOR. owing defined m set 7 in+ Article 7 " $ %" : foll R ter -%$ 9 % $ & % ' $ forth $ Credit B 'X ' foll $' enti % '$ $ - % " $ " res Agreemen t +4 is " < hereby am edn ed and aed tt i n its y,t as ows: $ $< 193972 5v1 + / 17373.0 28 1 ^" "G (8(@ )5 T ripie V Dairy ? 5< Fourth Ame dme n nt Loan ? "' Docu smen t 6 %$ -" " > 69 ( CC>+,20C ""LBI OR" means, $ % for < any + $ % '$ Inteer st Period, a % rate * % per " annm u equal $ to $ the > Lonodn $ ! 77 % interb kna offeer d ) Q K # % " ' rate ' as " ' % adm steed inir by $ the + / ICE , " %! Benchrkm a Admini tion tras (or < any % other # %' Pesr on that is ' $ ' des ganited as $ ' - " '$$ % $ B % < 7 % * "$' 7 successor to the + / ICE , " %! Becnhmar k Admini on triats for * %* ' ' purposes K of $ the " '$% $ admi strat oni n i of ' such % $ rate) for depoits s - " ' % 7 % $ $ ' '' % # E $ * in U.S. do allrs with a $ %" term Q 5 $ equivlenat to ' such + $ % '$ Interest Period apping rea on $ ** the appca li bel page % or ' % screen at ** % $ %' $ Bloomb come.rg (or, + in $ the 5 $ event ' such % $ rate ' does not ** % appear on a , " % E " Blo coom mberg . page % ' % E or scre, en on the * , " % " B % appropri eat page % or ' % screen 7 of ' such % other 7 %" $ infom r ation ' %5 service that publ es his such % $ rate ' as ' shall be ' $ selected by ' $ $ * ' ' **% *% $ * < Lender 7% " from $ " time $ to " time in $' its % ' reaso ble an discret n) io at **% N " $ < ; appro im leyxat 11 :00 " a.m., > London ti " Y m " e. ' % $ $ > K 4 5. ) Limited F 5 % Waiver 7 of 5 $ Covenant. > " $ (a) B8 Other ? $ Debt. , %% % Borrw oer $ fai edl $ to "* < comply with 4 $ Section 6.01 of the Credit - % " $ Agreent em in " $ that , %% % Borrow re %% incured r % $ 2$ % ? 7 ] * % $ K debt to Westrn e Milling, >> LLC B$ {the C "WM ) " to fund the expan ion s of , 7' Borrower s ' calf % ' rais ngi opeontari (the C 5 "Coanvent Defau t").l 7 $ 7 B$ $ N* ' $ $ F ' " (b) Waiver. > K % < Lender hereby 5 ' waives, on a =$ " onetim - e bas s, i $ the %% occurr ce ne of $ the 5 Cov tnaen De t. lfau This waiver ? 7 : ' 5 % 7 F 5 % ' ' B app lie s only to the Co v a e n nt De f a u lt and shall be effect iv e only to the ext e nt speci ca fi l ly set forth her n . e i Th s i waive r sh all $ not ' $ 5 % % : ' ' N$ $ ** ' < $ $ 5 $ ? 7 $ ' 77 $ 5 < $ $ '* R < 5 " $ $ 7 77 $ $ ? 7 (i) be con r t s u e d as a wa iv e r of any bre a c , h def t a l u or eve t n of defa t l u oth e r tha n the Cov n a e n t Defau t, l (ii ) affect the right of 5 $ 7 $ % B++ B '$% ' 5 % 7 < % E 7 $ % @ $ %"' N *$ ' Lender to demdna complia ce n by , %% % Borower with all term s and $ ' condition s K of $ the > Loan ? " $' Docum ntes except as '* $R < specifica y ll waived "* > % " < % Q " % * K , %% % > %' $ by thi s Am e n dm nt, e (iii) be dee med a waiv e r of any transact ion or fut u r e action on the pa rt of Borrowe r requir n g i Len s d e ' r 7 % ' 5 % % R < < $ ' -" " $ " " % $ consent % or appro lav under the n ? " $' Docume s, nt or B 5 (iv) N *$ except ' 5 as waived % < hereby, be deemed or '$% con ruetsd to be a 5 % waiver % or > % $ Loa % **% 5 ' $ > % ' ' '" rel ease of, or a l i m it a t ion upon , Lender 's exerc se i of any ri g ht s or rem edi es und er the Loa n Doc um , nt e s wh e th e r ari sing as a $ " % > 7 % $' % "" ' % N % ' ? " $' " $ % ' 7 % * < conseq enc ue of < any 7 $ % default or 5 $ event 7 of 7 $ default wh ich " < may now N '$ exist % $ % ' or otherwise , all ' such % $' righst and % " ' rem es edi hereby being % < ' Q 7 exp yres ls reserve.d % ' %5 N*$ '' < B General 0 ' Relea .es ln ' % $ consde i rati no of > %' Lend s ' re waiev ,r ' as *% 5 provided in ' * % % * subpa ag rrpah (b) 5 abov,e , %% $ Borrower $ + & % 5 % B (c) B un onaiycond ll,t i fully and fore ver % ' ' releases and ' % ' discha egrs Lender E wh chi, for the * %* ' purpose of this -" " $ Amendemtn (includign but $ not > % 7 % $ 7 $ ' $ B % 5 % $ < 7 < > % ' * % *% 5 ' ' 7 ' limited $ to $ the % ' ' releases and 5 %' wa veris of 7 %$ 5 further "' claims and + the " R $ indemnifi ati noc provion sis herein) inude cl s Lends er' parent % or 7 " $ > % ' subsi aryid corpo ,sontai r predecesso sr in $ % '$ inteer st 7 of > % Lende , r and ' '' %'= = $ % '$ succes int in-rtese- ors of > % Lend , er Lensd'er dire,sorct off cers, i % $ %' 77 %' *% '' %' ' "" $ ' ' ' %< 77 $ ' stockolde h, sr agent , s "* < ' em oypees l , succeor ,ss assign ,s parne, st sub diaes, risi affi iatl es and $$ % <' attorneys B+ (inngcludi but $ not " $ lim ted i ' ' % ' '$ ! %' $' * % $; ' '' %' '' ' ' 7% " to ' in-ho se u coun ) sel in all * $ ' capeas,citi including but $ not " $ $ limited to 5 % Lende r C or < any $ of $' its $' agen, st "* < ' em oyees pl or $$ % <' attorn , sye for any $ condo,niti act, " '" % c omi on,ssi event, $% $ contr, act % 5 $ 5 $ % ' $< $ + $ '' " ' $ 7 ' % "'$ % " $$ % 7 < ! $' 5 % < liability, obl ga,otini indebt edne s,s cla m,i caues of act on,i defense, circum ce ta sn or matter of any kind whatesover includi gn any % breach % or alleged % breach 7 of < any +"* implide 5 $ covenatn 7 of good fai7 $ th and $ fair deang li or < any " $ other "* imped li covenant wh ich L+' existed, % 5 $ 7 : arose or occruer d at < any $ " tm i e *% % prior to the executino and 5 delivery of $ ' thsi -" " K Ame dme n nt. The "' claims % ' released ' '* 7 < shall specifically + N $ Z %% $ ' 7 % < include, $ but ' shall $ not be " $ limited $ to, "' cla ms i for % lender $< liability for any fun ding made, 7 % failur, e % or % 7 ' refusal $ to 7 fund < by > % Lend re and < any 7 % 7 " E : ' 7 % $ $ ' claim $ $ that > % ' Lender has < any $< liaty li bi for any fail rue $ to $ $ nego iatet that " < may 5 have "% E occurred . This -" " $ Amednment shall '$ $ contsitute a " 7 $ < comp ete l defese n to < any " claim, ' cause 7 of $ actio, n 7 ' defse en, contract. $ $ % Lender as follow:s , %% % $ ' 7 '; > (a) No Change in , %% % Borrower . Th ere ' has $ not been < any change in $ the %' * owne hip sr or ' $ % structeur of : % 1 % K B Borrower % or $' its ' ''G business; that the % ' R ' resolu tions *% 5 provided $ to > % Lender $ with % '* respect to $ the > Loan ? " $' Doc ment us are in B full " force $ , %% % $ $ +7 and R $G effe ; tc and $ K that $ the %' % " unders gend i remain $ authoized r to act on C behalf 7 of and bind , %% %E Borrowr.e If < any K of the for enggoi is ' % + inacc ratue or %% $ incorect r , in < any % %" '' Lender harem ss l from % % $ % ' +% " $ %' $ '' ' % " ' any an d all "'E cla ms i, losses K or da mages $ $ that > % Lender N* % ' experie ces n or %' incurs ' as a % ' $ result. < {b) No /5 $ Event K of ? 7 Default. : " There ' is no /5 $ Event 7 of ? 7 $ Default K or 5 $ evetn which, E with notice or the lapse K of C" tm ie 1 $ *' B wou d l be /5 $ an Eve t n 7 of ? 7 $ Default % under the Loan ? " $' Documen . st > (c) Warrnty a Inform tion a. nformat ion furn sheid to > % Lender < by , %% % Borow r er ' as * part of $ ' this : i %" B %"' + 7 " $ The F % $ B % > % + %"' Am netdm ne were furni ed hs as a " ma aler ti inducem nte for Lender to mod fy i $ the ter ms of $ the > Loan $ with , ; Borrowre and is -" " $ % 7 % ' ' ' C " , %% % info oni m tra upon wh chi $ the > % Lender ' is % < rel ngyi on " in % $ granting $ the A "' terms % % hereund . re Borrow r e 7 %$ % furteh r %% $' warants and * + 7 %" $ 25v1 7 / 17373.01 28 1939 JD E +U4 +@D @4 +T+4 T ripie V Daryi :% !; ? < 2 Q O -" " Fouhrt Amen t nm ed Loan Documtsen "O " " ' + 70 , $" % ' represesnt Borrow s er ' finacn ial R < % *% ' $' guaanree ts that all $ the 7 %" $ information 5 given $ to the > % Lenerd is com e,pl te accurate and fully +' "* $ % $ $ $ % $ ' and * % $ operating $ ' conditions . (d) B $ ' Continuing 0 Representations and F %% R 'E Warrantie . s -7$ % After 5" giving $ effect $ to thi s -" " $ Amendm nt,e the $ % ' $ $ ' $ represe ons ti ant and %% $ ' waranti r es K of , %% % Borrow r e ' $ set forth in $ the > Loan ? " $' Docu tsm ne are $% E true, %% $ corre, ct and "* complete in all % % *% ' $ $ ' materi l a % '* $' respetc. s " $ $ exec % N $ Conditions 7 of $ ' this -" " $ Amendment. > % Lender ' shall 5 have no $ obligaon ti to ute $ ' this -" " $ Amne dm nte or * %$"" perform "G its $ ' 7. obligsonati under $ ' this -" " $ Amendm nte unless and $ until $ the foll owing $ ' condistion are ' ' satis defi on % or 7 % befoer % Macrh 1 O, 2017 % '' $ ' % ? $ C ("Tenat rmiino Dat. )e" B : " $ If $ P the following $ ' conditions *% $ precedne t are $ ' $ 'R not satisfed i on % or befoer $ the : %" $ Termin iont a Date, the n $ the % $ ? $ +7 * outtsanding *% * prinicpal balance 7 of $ the > Loan and all % accrued and unp iad $ % '$ inteest r and all $ % other " $' amounts * < payable % under $ the > Loan $'$ Docum nts e shall " become "" $ < immediately due and * < paylabe $ $ without prese , ntme tn demd,na protes , t notice K of $ $ intetn $ to % $ acce eatre, l " " '$ *% ' " ' ? " ' notice 7 of % $ acce eaotrni l or $ notice % Q % " $' requirets me n of < any $ % other ! kind, all 7 of which 5 are 5 waived < by , %% % Borower and > % Ledn er " < may N % ' exercise < any 7 % $ or all 7 of $' its % $' rights % undre $ the > Loan ? " $' Documen , s t % unh ndere i d by $ ' this -" " $ Ame dme n nt: % < (a) B " ' > Borrow r e ' N $ has executed and 5 % deve li er d this -" " $ Amendm nte to Lender; , %% % (b) B Borrowre ' has * paid $ to > % Lender a loan fee in $ the " amount 7 of ) $1000 , 00;. " , %% % B (c) 7 [) )G Lendser receipt $ of the UCC 4 % @ % ] Sea ch/Cred rt i Report $ fee in $ the " amount of $56 65;. 0 * % *$ > %' (d) Lender ' has N $ executed and 5 % deve li er d to Ledn er a ' % $ subordi atio nn ager e,men t in a 7 %" form *% 5 provided < by % " $ $ > % > % B F Lend , re wh erein $ the WM ? $ Debt ' is " made su bordi aten to < any and all $ debt 7 of , %" % Borrower $ to > Lende ;r $ ' $ % > % + (e) Lendre ' has N $ executed and 5 % delive edr to Lender a ' 5 % seve an ce r and ' % " $ consent agreemnt ,e in a form + > % > % 7 %" B by > % Lend , re wherien WEST : >-0/ TULARE -& AG D2>?+1&4 HOD L INGS , LLC, a 7 % Cal forni i a limited $< lialitbyi co mpny a, consen st to provided < " $ F/4: >> % *% 5 " ' $' $ "* % Lendre 7 of $ % Collateral that is located on %$ certani % real *% * %$ % ' %" Lend s ' re receipt 7 of all % other " $' docum , ntse inform on tia and $ % other *% $ ' precond s noiti requi edr by > % Lend,re % Q % % *$ < 7 7 % all % " % ' 5 %' % ''E " $' includ,ing withotu limitatio,n executed ass gnm itsne of *% ' proceeds for creame iesr where , %" % Borrow r e de ve li sr dairy " $ $ N $ $ $ %< products. *% $' Reservation 7 0 ' of Right . s : Though > % Lender ' is % ager eing to " amend $ the > Loan ' as ' $ set 7 %$ forth % herein, Lendre % ' %5 ' reserves $ > % 0 ' %5 $ I8. all rights and % " ' remedes i to which il ' is. % or " < may " become, < legally $ $ entitled % under $ the > Loan ? " $' Docu.m nest Acco igl d,nyr this -" " $ Amendm nte $ - % < $ ' 7 $ % % does $ ' not constitute a 5 % waiver 7 of < any % $ right % or % " < remedy $ that " < may or in the future ' does " become avai ab el to > % Lendre % 7 or of < any 7 default % or 5 $ ' -" " $ Evetn 7 of ? 7 $ Default occurrin g 7$ % after $ the $ date of s Am endm nt.e $ ' 7 thi /5 $ % $' $ 9. (E : ' -" " $ ' No "" $" $ Commitm nte as $ to 7 $ % Futeru Fi nacing. This Amendment is " not 8 a "" $" commitm et n on $ the > % ' Lender's * part $ to 6 1 ' provide , %% % Borrowe r % or < any % related $ $< entity with < any futur e fina cngni in < any " amount < beyo dn $ the $ %"' terms ' set 7 %$ forth d in $ ' this -" " KE Amendm . en t R *% 5 7 % 1 1 O. No 277' $ Offset, ? 7 ' Defense % or " Claim. , %% % Borrower ' does $ not 5 have < any B (a) 77' $' offsset '$ agaistn $ the " $ amount * < paeyalb under % the Loan ? " $'G Docum nes;t {b) 7 ' ' defen ess to $ the * <" $ paymnet 7 of < any " $' amounts % under $ the > Loan ? " $' Docm ;us en t or B (e) $ "' cla ms i agatins > % Lendre + in $ > '$ % $ B conec nonti wiht $ the > Loan ? " $' Docum nes.t To the extent < any ' such "' cla ms i do " '$ exist. ,2D2F/: Borrowe r % < 5 ' hereby waives them to $ the full est N$ $ exte tn N : $ $ $ " $ 7 '$ permitt de < by E law. * %" $$ 11. No F 5 Waiver. : The N $ exec, utio n delive ry and 77 5 '' effeve ctess in of $ ' this -" " $ Amendmen t ' shall $ not, N * except ' as N*% '' < expressly 5 %< R$; % $ prov dedi herei,n * % $ opeater as a wa iver 7 of < any % $ right, * % powre % or % " < reme yd 7 of + the > % Lender % under the Cre t id - % " $ Ager tem ne or $ $ other > Loan *% 5 5 % ' % % E % Docme u,nst nor '$ $ $ constitut e a wa vei r 7 of < any *% 5 ' pro on viis of $ the % $ Cred t i Ag eeme r tn or $ % other > Loan ? " $' Documents . - % " $ 7 ? " $' 5 % % 12. " Expenses . : The , % Borrower ' shall * < pay on dema dn all '$' cosst and N* ' ' expe ses n incured by $ the > % Lender in $ connec onti /N ' $ %% < 7 with the prepa, io nra t exec , nuti o delivry e, filin,g and admi ratio nits n of $ ' this -" " $ Amend nm et (including , wit hout " limita, tion > Legal 6 ' Fees R $ $ *% * % $ B+ N $ 5 $< " "4$% $ incurrde + in $ connenotci with the *% * % $ preati praon of ' this -" " $ Amendmen t an d '" adviisng the Lender ' as to + ' its % ' right,s and $ the ' cost K of < any 5 credit 7 + > % %% veri ficat on i reports % or 7 fidel exa ons minati of $ the , %% %E' Borrowe s ' r *% * %$ ' properties % or !' books and 5 % ' records). , %% % ' Borower's r obliga ions t to > % Lender % * ' 5 % 7 $ ' N " $ ' 7 $ under $ ' this 4 $ Sect on i shall ' %5 5 survive $ %" $ termin on ai t of $ ' this Am edn ment and repam y ent of , %% %' Borrower s ' $ ' oblions gati to > % Lender % under C ( the + * <" -" " $ 7 $ 5 ' Credit - % " $ Agreement. % $ (8( )5Z 8 I 1939725v1 / 1737823.01 T: ripei V ? =%< Daryi 6 " Fourth -" " Amnedme tn Loan ? " $' Docmuents > 38 71 .. -·----------··- ---·-------------- - e 13 . Severability 7 of # Prov sions i . The 5 $< invalidity % or 7 % < unenforcity eab il of < any $ %" term % *% 5 ' 7 or provisio n of $ ' this -" " $ Amendm nte, or : 5 ' ' 8 7 % 4 5 % 7 $ %"' in the > Loan ? " ' Docum ,nt se shal l $ not 77 $ affect $ the val idity % or 7 % $< enforceabilit y of $ the % " rem ngaini terms 7 of $ the > ; Loa;n and each *% 5 ' pro onvisi in $ $' this 5 $< ' $ Amendm , nte or $ the > Loan ? " $' Docment u, s as **% *% $ app ea,topr ri shall be 5 valdi and 7 % enforcea ebl to $ the ful lest N$ $ * %" $$ extetn permitted < by E Jaw. 7 '$ ' ' -" " $ % $ 9 14. Binding on D %' Heis,r 4 '' $' Successors and -'' As gn sis. 'E : The *% ' ' proonsvisi 7 of $ ' this -" " $ Amendmen t ' shlal bind $ the % '* $ 5 resep ctive , '' ' ' '' %' 7 heirs, N $ %' exec ,sruto personal % *% ' 5 ' represe ives tnat, adm nis o,rstrtai successo s r and assi gns of the part esi . " '$% $ %' $ * %$ ' * %' %' 15. Further -'' % ' Assurances . Borrowe r agrees to execute < any $ addition l a " "' docum nts e that " < may be '' %< necessary % or ) , %% % % ' $ N $ 6 % -" " $ desired < by > % Lender to 77 $ $ effect ate u the $ intent and * %* ' purpose K of $ ' this Am dme en nt. $ ' 5 $ 16. Execution in " % R' Counterp . srt a This Amendm etn may be execu edt in < any " % numbre of $ %* %$' counterpa s,rt each of which : ' -" " $ N $ /N $ I " < whe n ' so N $ execued t an d 5 % delivered ' shl al be " deemed $ to be an % original and all 7 of which taken $ $ % togeterh shall '$ $ $ constitute $ but one and $ the $ ! ' same '$% " $ instrument. ' " 17. Govern ng i Law. : ' This Am entdm ne shall be $ %*% $ interpre edt by ** < app ng lyi the ' laws 7 of B the 4$ $ State 7 of 7 % Calaiforn i without > -" " $ ' B & 5 % $$ < % % regard to $' ils $ conflict 7 of law *% * ' prines. cipl 18. Optica y ll " Imaged 0 % $ ' Reproduct on s. i Lender " < may " ! make an *$ < optically " imaged reprodu on ci t of < any % or all > Loan > % B% *% $ 7 I 2*$ < , %% % ? " $' % % % Docum nt es and, $ at $' ils $ election, '$% < destroy $ the ori ginal or % +' origials n. Borrower ' $' consenst to the '$% R destru ion ct of $ the % K ori nalgi or % ' originals $ 7 7 " 7 * %* ' ' and % ' agrees $ $ that a *< copy 7 of the *$ < opti ycall imaged % *% $ reproduc no ti of any Loan ? " $ Docum t ne will be $ the Q 5 $ equivtale n of and 7 % for all purposes < > C % C conitustet an "or nal igi " docment. u For purposes of C ' this ' $ sec,onti C7 % "for all * %* ' 'C purposes" includes ' use 7 of the optically +" imaged ' 6 % * * ' ' $ *$ < '$ $ $ " $ repro ioctnud (a) to prove $ the $ $ conte t n of the % origin l a " $ document $ at tri$% ,al " $ media , noti arbitration % or " ' $ $ 5 % G adm nistrat ve i i heaing r; (b) for % < any 7 $ % *% $ % $% $ $ *% 5 B B business purpo se; B (c) for % $ % internla % or N$ % external $' audits an d/or N "" $ exami ontai n by or beha f l K of & 5 % " $ Government l a Authorities; B (d) + in @ % % on ' '' 7 * %* ' G - $ % $ 'G < $ can ngicel or tra snferring any " $ document; and B (e) " in W $ cononjunct i with < any $ % other $% ' $ transonacti evidencde by the % originla docunm et. 5 $% '7 %% % " $ < < $ +0+-> :D/ 19. WAIV RE 26 OF TR IAL ,A BY 0L JURY. TH E #-0:+/4 PARTIES B- (A) 2 /1-1: COV NAN ET AND -&0// AGREE 12: NOT TO ELETC A TRI AL ,A BY -1? :2 />/ : ( F-+ /0 - :0+-> 620 JURY IN -1 ANY - :+21 ACTION 0 OR #02 //?+1& PROCEDING FOR :D/ THE 0/42> :+21 RESOLUTION 26 OF -1A ANY ?+4# :/ DISPUT E, 21:02 /04A CONTROV ERSY 0 OR >-+ CLA M I :D-: THAT 0A +1 :2; AR SES I OUT 26 OF 20 OR 0/>-:/4 RELAT SE TO: B+ (I) :D+4 TH SI -&0// /1:G AGREE MENT ; OR B (li) ANY LOAN ?2 /1: DOCUM NT ,E WHETRHE ARISING +1 IN 2 : 20 -1A >2-1 -0+4/4 FD/:D/0 -0+4+1& CONTRACT , TORT OR ,A BY 4:-: :/ ST A TUTE B+1?+ +? ->>A (N I DIVIDUALLY -1? AND COLLECTIVELY , A ]?+4# :/C G "DISPUT ;")E AND, B, (8) TO THE /L:/1: EXTENT :20: 20 :2 :D/ 2>>/ :+ /> 21:0- : - -1? ->> :0+-> ,A 0A PERMITTED ,A BY -##>+ -,>/ APPLICABL E >-F LAW, D/0/,A HEREBY IRREVOCABLY WA VEI ALL 0+&D: RIGHT :2 TO - A TRI AL BY JURY -4 AS :2 TO ANY +00/ 2 -,>A F-+ / #/0 +::/? -1A RELAING T HERETO IN -1A ANY - :+21 ACTION , #02 //?+1& PROCEE DIN G OR 2 1:/0 >-+ COUNTE RCLAIM ARISING 2 : OUT 26 OF 20 OR 0/>-:+1& RELATIN G :2 TO ISSEU 0/>-:+1& 20 -0+4+1& +44 / D/0/:2 +1 ANY >2-1 LOAN ?2 /1: DOCUM NT E TO :D/ THE /L:/1: EXTNT E SUCH 0+&D: RIGHT /L+4:4 EXISTS 12F NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTURE. :D/ THE #02 +4+214 PROVISION S 26 OF :D+4 THIS :2 4 D -1A .12F+1&>A -1? ,A SECTION -0/ ARE 4/#-0-:/>A SEPARAT YEL GIVEN BY EACH PARTY KNOWINGLY AND 2> 1:-0+> G VOLUNTARILY; -1? AND -0/ ARE - A -:/0+-> MAT RIAL E 4/ :+21 &+ /1 /- D #-0: INDUC NT EME FOR :D/ THE >/1?/0 LENDRE ENTERIN G INTO :D/ THE >2-1 LOAN ?2 /1:4 DOCUM NT . SE /1:/0+1& +1:2 +1? / /1: 620 20. Joint and 4 5 % Sevreal Obl iga on tis. If , %% % Borrower ' '$' con sts si of " % more $ than one # %' Person, each , %% % Borrower B (a) N*% '' < expressly +7 2 $ ' $ edgesl that $ it ' has R$ beenfited and " will R$ benefit, % < directly and " % < ind rec i tly, from each > Loan and ! ' ackedges ow nl and %$ ! ' undeta es rk, acknow $ $ ! ' 7% " $ ; together $ with the other , %% %' Borrowers , joint seve alr + $< liabityli for $ the * $ punctual * <" $ payment when E due, $ % wheetrh at '$ $ stated " $ < ma ty,turi by W K and $ $ $ $ % $ ' 5 % < acce era on ti l or $ % ' otherwise , 7 of all 2 'G Obga liions t ; (b) ! ' ackonwledges tha t $ ' this % " $ agreeme nt ' is the * $ indpeden en t and ' 5 % severa l $ oblig onati of % $ $ % $ 7 B each , 7% % Borrower and " < may be 7 % enfoced r against each , %% 5 Borower r sepa y, ate rl whether % or $ not 7 N " $ enforceemtn of < any % $ right % or % " < remedy 7 $ % ' * % $ < '$ % % ' hereude nr has been ' K soug t h '$ against < any other , %% %G Borrowe ; r and B (c) % ' agrees $ $ that $' its $< liability % % hereunder and % under < any $ % other > Loan Docum t ne is ' $ abso ute,l uncondit , onali con nu ng ii t and C% 5 irrevocable . ,2002F/0 BORROW ER EXPRESS YL WA IVES ANY REQUI REMENT ' $$ /L#0/44>A F-+ /4 $ ? " $ -1A 0/U +0/ /1: :D-: >/1?/0 THAT LENDER /LD- 4: EXHAUS T -1A ANY RI0+&D: GHT, #2F/0 POWER 20 OR 0/ /? REMED Y -1? AND #02 //? PROCEE D AGAINS T :D/ THE 2:D/0 OTHER ,2002F/04 BORROWER S -&-+14: 20 UNDER :D+4 THIS AG REEMENT , OR -1A ANY 2:D/0 OTHER >2-1 ?2 /1:4 LOAN DOCUMEN , ST OR -&-+14: AGAINST -1A ANY 2:D/0 OTHER #/0421 PERSON 1?/0 UNDER -1 ANY 1?/0 -&0// /1: 20 GUARANTY 26 OF, 20 OR 4/ 0+:A SECURITY 620 FOR, ANY OF :D/ THE 2,>+&-:+214 OBLIGAT ONS. I & -0-1:A -1A 26 7$ [Re maind re of * page $ $ < intention llya left !G blank; ' $ % signature page foll ow)s 7 * 0 " " % 7 'Y (8( 5 8 8 I 1939725v1 / 1737301 28 : * T ripie V ? %< Dairy 4 Fourth -" " Amendm nte Loan ?" "" ' Docu sm et n 6 > 72 5 77 $ 5 ' R%'$ : -" " $ $ < 5 ' The * %$ ' parties have signed $ ' this Am endm nte effective as 7 of the day and year t % $$ written abo ve. < % firs ,2002F/0 BORROWER * %$ %' * :0+#>/ TRIPLE V ?-+0A DAIRY, a + 7 % Californ ia % general pa rtnehip sr / -0? ->-?-2 & % # %$ % ,< ,<; F *F>- @ > ,<; X :/00- ->-?- ,<; ,<; 1939725v1 / 17373.0128 (8( )5 + 8 8 I T+ * ripie V ? %< Dairy h -" " Amendm t ne Loa n Doc uments Fourt 6 > ? " $' & % # %$ % X & % # %$ ?+ -4 ->-?-2 & % # %$ % -0A -1/ UU?-2 & % # %$ % 5 . -- --- .. -- ------- ----- 73 LENDER b )8 1- RABOBANK, 0-,2,-1. N.A. I G By~ --- ·-· c >/ -@" 9@ . NaÎffe~ : $ ; Titl _____?___ e: J@ "" _ 6 193972 5v 1 / 17373.0128 (8( )5 @ 8 8 I T:% * ripei V ? %< Da ryi Fourth tm dnen Loan ment s ? " $' > Docu -" " 6 Ame ~ T 1 %R7 -- ---------···· 74 EXHIBIT 75 Rabobank, 1- 0 ! N.A. Comme rcial Loan - " '$% $ Administration 4 %5 ' Services > "" % Office address 3443 Mooney Blvd , 5 8998 South 4 $ < 2 ! % '' Visalia, CA - 93277 ' (8 , 5 Mailing % '' addres s 3443 y Blvd 4 $ Moone < 8998 South Visalia, CA B- 93277 (8 ' @ Telephoen 559-585-3393 ))()I)=88(8 : * August 2015 - '$ 26, ) : * Tripl e V ? %< Dairy, a; 7 % California general partners hip % * %$ %' * -5 176 6305 Ave 8 ) Tulare, Ca (8 9 93274 : % 01- Re: RNA > Loan Number 1 1 " % 3614298 9 (9 0 ; Dairy Line 7 of % $ Credit $2,500, 00 000. 6 > [ ) D % @ Feed ? %< Herd/ Extension of 7 Loan : %"' of /N$ ' 7 Terms > Dear Borrower , ? % , %% % B], !^ has 5 X This will R%" confirm that extend the ' agreed $ N$ $ above1 - ("Bank") % to $ $ Rabobank, 0 ! N.A. : ' referenced loan (the ]> C "Loan") on the 7 following terms conditi ons: $ %"' and $ '; B$ % 7 % " l. The 2% Original > Loan ? " $' Documents Will Remain in original loan F 0 " : + Effect. /77 $ The : % document s for this > Loan that executed on % or about 2 B ' ( as $ $ were 7 % $ ' " $' $ November % N $ 1 5 " % 19, ( 201 ]> ? " $'] ame nded, the "Loa n Docume n ts " ) shall remain in full force and effec t except as $ ' % " 7 " 7 % 77 $ N *$ ' modified by this l e tter. Shoul d any conflict aris e between this letter and the Loan $ ' 4 % ' $$ % $ " R $ $$ % < $ ' $ > < Doc uments , then control. $ this $$ % shall ' $% $ ' letter ? " $' 2. Maturity Date. The " $ % N< maturity $ date on the t ? $ : $ Loan ' be extended > shall N$ from 7% " Augus $ % $< - '$ 31, 2015 to September This " ' means all amounts ng % under the 4 *$ " % 30, ) $ ) : ' $'$ " $' outstandi $ 8 2015. 8 Loan will be due and * < payabl e on September > 4 *$ " % 30, ) 8 2015. 3. Other : %"' Terms Remain in 6 Full Force and Effect. other terms - $ % 0 " + 6 % $ %"' and conditions /77 $ All 2$ % $ ' as set in $ the Loan nts ' ] shall remain effect. > Docume ? " $' ' $ forth 7 %$ full 7 % and % " in 77 $ ' 7 force 4. No Commitment as ement to end the ' to $ Future : ' agre 1 "" $" $ 6 $ % Financing. 6 This $ ext $ % " $ N$ maturity dat e on this Loan a "" $" " commitment $ to provide any relate d $ $ ' % < $ > is ' not *% 5 you % $ " $ % $< < or entity $ with < any 7 $ % future financi ng in beyond the maturity dat e R any " " < N$ " $ % $< $ $< extended $ < amount set forth in ' this letter. 7 %$ $$ % ' $ 5. /C (11/11) "" $ this Reservation of 0 $' Rights . Though ension as set forth , ! is ' agreeing % to N$ ' $ ' ext ' ' $ 0 ' %5 $ 7 : Bank 7 %$ herein, it '* R < specifically reserves all rights bel to it ' should this % " ' availa % $' and remedies 5 $ $ $ ' % ' %5 ' % $ $ ' N$ ' Loan experience an event default after of this exten on.si $ granting 7$ % the % $ 7 5 K of 7 7 $ > N* % /LD+,+: EXHIB TI O ? 76 Rabobank 0 ! # Page @ 2/2 Accordingly, E ' this $$ % letter " does $ not '$ $ $ constitute a 5 % waiver 7 of < any % $ right % or % " < remedy $ $ that - % < , ! % may in $ the 7 $ % future " become 5 available $ to Bank or 7 of < any 7 $ default % 5 $ or event 7 of 7 $ default " < %% occurring R % after $ the $ date 7 of $ ' this $$ % letter. 6. /N$ ' Extension 6 Fee. : % There ' is a [ $0.00 7 7 % fee for $ ' this NE ' extension $ $ that ' is due * upon N $ execution 7 of $ ' this $$ % letter . F *% 5 < Finally , we would ! $ like to $ ! thank < you 7 % for < % your ' '' business. We will $ continue $ to provide you 6 < $ with $ the '$ highest 5 level 7 of '$ " % customer ' %5 service 7 % for your future 5 %' endeav ors, ' so * ' please ! * keep ' us in < % 7 $ % " mind when ' consi M · g < % your 7 $ % future ' '' business ' needs. X Nance Mary %< 1 # VP = - > Loan ? """$ Documentation % Manager ; cc: 77 1- Rabobank, N.A. 0 ! 4 %5 ' - " '$% $ Services "" % > Admini5trotion Commercio/ Loon 0 ! Rabobank 9) E./ River # %! Place # West 45 0 5 % Park F '$ 4 $ E Suite401 6% ' CA - 93720 (8 Fresno, (9 = (800) PI 942-6222 August 26, 2016 - '$ : * Triple V ? %< Dairy ? 5 Attention: David Valadao -$$ $ ; + -5 (8 17293 ( 9 1/2 Avenue - (8 8 Hanford, CA 93230 D % > of 7 Credit % $ 8 9 (= = ? $< Herd/Feed > D % @6 Line Loan Number 1 " % 361429-01-Dairy Re: 0 ; /N$ ' Extension 7 of Terms : %"' Gentlemen, & $ " C Herd/Feed 7 $ % 7 % loan {the 5 referenced > of 7 Credit') As the above " $ % $< date $ of - '$ 31, %% " maturity -' you % aware, $ current B$ "Dairy % the D % RR Line 8 < are "; Is ' August C $ % < "< % the ] $ % under $ Dairy 2016 B$ (the "Maturity Date"), on which $ *" * date all principal, interest and all other amounts " $' owing + $ % '$ > of D % @6 Line 7 ? %< Herd/Feed % shall 5 the $ meanings the ' have ' $ forth " ' set $ %"' not $ defined 7 %$ in Credit are due and payable . - All * $ capitalized terms * < R herein $ Loan > Documents % ? " $' % $ 7 B $ evidencing the Dairy D "@6 Herd/Feed > Line of Credit. 5 $ ? %< E extension 5 $ Q ' N$ ' of You, or a Designated in the , have requested an Maturity Date . > Documents % $ Loan 7 the $ $ % $< ? $ + $ R ? ""' ? ' $ Person # %' idenüfied A " to $ extend N$ the $ ? %< D % @6 Line > of the $ $ 0 ! % $ on This letter will conñrm Rabobank, 1- N.A. BE> {"Lender") ' has agreed Dairy Herd/Feed : ' 7 Credit R%" that $$ % 7 $ following terms and conditions: $ '; $ %"' 1. $ of D % @6 Line > % $ shall ' be extended Maturity Date. : The maturity of Credit from August N$ 7% " - '$ 31, 7 the $ Dairy to " $ % $< date ? %< Herd/Feed $ 8 2016 ^1 Maturity'Date/. R$ < ? Subject $ the $ terms > Documents, $ %"' of 7 the $ Loan September (the "New ? " $' Lender 4 W $ to > % may 4 *$ " % 30, B$ $ to $ 8 2016 " < continue > of % the make Dairy D % @6 Herd/Feed Line 7 of Cred t i Loans % $ $ Dairy D % @6 Line 7 Credit % $ from " to $ time > ' under 7% " time $ " during " ! ? %< ? $< Herd/Feed % the $ $ E $$ % to $ the ? $ 6% " and after 7$ % the $ of 7 this period from date 7 of this . From 1 Maturity $ term $ ' letter $ $ $ New $ date $ ' letter, $ %" 'Maturity * % 7% " the $ % $< Date $$ % the E "C ? $ " the ? " $' shall Date' in the Loan $ New 1 Maturity $ % $< Date. > Documents ' mean $ 2. F Remain > Documents % " in ' remain Loan ? " $' Documents Will in Effect. full /77 $ The : Loan > 7 force N *$ as ? " $' shall 7 % and effect 77 $ except ' $ Loan > Documents, $ ' $$ % modified by letter and $ this the " ' letter ? " $' then $$ % Should 4 any $$ % shall $ ' letter. $ this % ' between $ arise " R ' < conflict < this + $% control. 3. 8 4. 9 5. ) $ ' as conditions $ %"' and Other Terms Remain + Full 6 Force 6 % and Effect /77 $ All - other $ % terms ' set ' $ forth 7 %$ in the R Loan > Documents ? " $' , % in 2 %: " 77 $ shall remain in 7 full 7 % force and ' % " effect. ' U $ maturity $ on the % " $ to No to Future . This 6 $ extend D % @6 Line N$ the 6 $ Financing : ' agreement 1 Commitment " $ % $< date $ Dairy of " " $ as ? %< Herd/Feed $ provide % Credi! a "" $" $ commitment to or any related entity with any future financing in any amount beyond the % $ " $ R % $ is ' not $ *% 5 you $ $ < 1 < $ New < < < < this $ ' $$ % Maturity Date set letter. 7 %$ in ' $ forth $ % $< ? $ 7 the $ N$ ' $ maturity ' set Re servation of Rights. Though extension of $ as ' $ forth ' agreeing > % is % to 0 $ the " $ % $< date 0 ' %5 $ 7 %$ herein, : " Lender > % % Lender $ should > of 7 Credit ' Dairy D % @6 Line specifically reserves all % $' rights and remedies 5 available to % ' %5 ' % " ' $ il % $ experience event ? %< Herd/Feed N* % an '* R < 5 $ 78 I # Page 2 7 of 2 7 this $ ' N$ ' $$ % ' $ '$ $ $ of 7 $ default after the % $ granting of extension. Accordingly, this letter does not constitute a waiver 7$ % $ - "% < $ ' 5 % of 7 any % $ or K 7 < right % event $ future 5 $ 7 7 $ % become 7 $ or + the " 5 $ > % % that $ $ N '$' or remedy that " < may in available to Lender % or 7 of < any default of $ $ default that now exists, % " < $ ' $$ % 7 this %' $ $ occurs $ % after the date of letter. > " ' with $ any Please $ $ contact < % your % $ ' * relationship " % manager, Michael limas questions . D " < Q '$ ' F $ provide " '$ 7 customer $ 5 of *% 5 you ' Finally, would ! like to thank < you 7 % for < % your ' '' business. We will $ conUnue to with the highest level '$ "'K service $ $ ! < $ 6 < we * ' ! * 7 $ % business ' '' ' so please keep ' us in " mind when ' % considering < % your future needs. ' for < % your 7 $ % future 5 %' endeavors , 7 % 4 Mary 1 Nance %< ? " $ $ % Loan Manager > Documentation 79 ( Rabobank, N.A. 0 ! 1- 4 %5 ' "" % > Commercial loan - " '$% $ Administration Services 0 ! ) River 9) £ 0 K Park # %! Place # West F 'K 45 4 $ 9 Sulte401 - 93720 (8 6% ' CA Fresno, (9 = (BOO) B8 942-6222 October 11, 2016 2 $ % :% * Triple V Dairy ? %< $ ; ? 5 Valadao Attention: David (8 17293 ( 9 + 1/2 -5 Avenue Hanford, - CA (8 8 93230 D 7 % > of 7 % $ D % @6 Line Loan Number 8I 9 (= 361429-01 -H Dairy Credit > 1 " % ? %< Herd/Feed : %"' Extension 7 of Terms /N$ ' 0 ; Re: Gentlemen, & $ " D / ? Herd/Feed Line $ of 7 the {the % E $ 5 $ %% $ Credit 4 *$ " % 30, As are aware, current maturity above % 5 % referenced loan ) " is ' September B$ "Dairy " $ % $< date -' you % the 8 < >/ ( of all other $ % amounts " $' owing % + $ % '$ and *% * interest date 2016 B$ {the C $ " 'Maturity ? $ ^ Dateî, on all principal, under the $ which $ Dairy > of 7 ? %< Herd/Feed D % @6 Line ' have % shall 5 the $ %"' $ - capitalized R herein meanings " ' set ' $ forth the Credit % are due and payable . All not defined 7 %$ in * $ terms $ Loan ? " $' % $ > Docoments * < 5 D @6 > evidencing $ the ? %< Dairy Herd/Feed Line 7 of % $ Credit. + the $ > 5 requested extension % Q '$ an You, or a Designated Person idenUfied Loan Documents, . 7 the $ R in N$ ' of ? $ ? ' $ # %' ? " $' have $ Maturity ""< Date A % B $ extend N$ the D % @6 Line ' % $ ? %< > of 0 ! 1- This $$ % letter will confirm $ that Rabobank, N.A. ("Lender') has agreed to Dairy Herd/Feed Credit on 7 % $ 7 $ following : ' R%" the $ '; terms and conditions : $ "' C"" > of ' be extended B Dairy % $ shall 7 Credit N$ from 1. maturity date of the Herd/Feed Line : " R$< to ? $ The $ 7 4 * " % 30, ? %< D % @6 Maturity Date. "" September 8 2016 7 the $ %"' of > Documents, November 30, (the 'New Date )." Subject Lender may continue to B" Maturity $ the $ terms $ Loan $ $ ? " $' > % 4 $ to 1 5 " % 8 2016 $ " ? $ " < 7 Credit % the > of $ time D % @6 Line $ " during % > ' $ from make ? %< Dairy Herd/Feed Line 7 of Credit Loans under " ! D % @6 > $ Dairy 7% " time $ " to $ the $ ? $< Herd/Feed $ of ? $ 6% " and 7$ % the period from of $ ' this $$ % letter to Maturity Date . From * % 7% " the B the $ New 1 $ % $< after $ date 7 this $ ' letter, $ term $ %" 'Maturity % the $ 7 $ date < ? $ ' mean Date· in the Loan ? " $' Documents shall " the $ New 1 Maturity % < Date. $ > "<; F Remain 0 " in Effect. /77 $ The : Loan > ? " $' ' remain % " in full 7 force 7 % and 2. Loan ? " " Documents Will Documents shall effect R $ except > ' N *$ as $ ' letter 4 < $ this $ Loan modified by this letter any conflict arise between letter shall the %. Should $ % ' $$ % and ? " $' then " R > Documents, $ this $ ' $$ % ' < $ ' $% > control. 3. 8 4. 9 - other $ % terms ' $ forth $ %"' and $ ' as Effect. condiUons 7 %$ Other Remain 6 in Full Force in the ' set $ Loan > Documents ? " $' 6 and / All 2$ " Tenns " , effect. R $ shall remain in full 7 force ' % " 7 " and #<" : ' agreement B extend N$ the $ maturity % " $ to No Commitment $ on D "@6 Line "" $" $ as 1 ' to Future Financing. " $ % $< date the $ Dairy > of 7 ? %< Herd/Feed R This $ any Credit not a commitment provide you 7 $ % financing R in $ *% 5 % any any $ New "" " to % $ entity $ $< with ' $ " $ beyond 1 < related % $ is < or < future < the < amount Maturity set forth in this letter. ? $ ' $ 7 $ $ ' $$ % $ % $< Date $ the $ extension > % is ' agreeing 7 the : Lender N$ ' of $ maturity 5. Reservation 7 0 $' of Rights. Though $ as 7 herein, % to ' $ forth > % ' set % Lender " $ % $< date ) % $ ' the 5 lo $ Dairy specifically reserves all % $' rights and % " ' remedies available of Credit experience % ' %5 ' $ it should D % @6 Une > 7 % $ N* % an ? < Herd/Feed '* R < $ 80 I 7 Page 2 of 2 # '$ $ $ a waiver 5 % 7 $ ' 'K 7 $ % 7 thi $ ' % $ or % event 7 of default after $ the % $ granting of s N$ ' extension . -" < Accordingly , this letter ' does K not consUtute of any 5 K < right % event K 7 $ $ % that 7 $ or 5 $ of $ $ " < $ $ $ remedy that may in $ the 7 $ % future " become 5 ava eab ill to > % Lender % or 7 of any default that now N '$' exists, or % " < < default this $ ' letter. $ % 7$ % occurs after the $ date of %' Q 'R ' > " ' $ < Please $ $ contact < % your % $ ' * relationship " % manager , Michael Limas with any questions. # ' continue d l ! like to thank < you for business . F We will highest l 5 evel of 7 % your R to $ provide *% 5 you $ the $ '$ 7 customer '$ " % service ' %5 $ $ ! wou < % ' '' < with Finally, we 6 < 7 $ % bus for < % your 7 %= futur 5 %' endeavors, so please ! * keep us n " mind when considering < % your future ness i needs. ' '' ' ' * ' ' i ' % 7 % '-. . ... = -~· Mary Nance $< 1 Loan ? " $ $ Documentation % Manager > 81 I 0 ! Rabobank, 1 - N.A. "" % Commercial > Loon - " '$% $ Admi ni stration4 %5 ' Services 0 ! Rabobank 9) E. 0 5 % # %! # / River 45 Pork Pl ace F C West Sui te4{)1 4 $ 2 - 93720 (8 6% ' Fresno, CA 942-6222 (800) BI ( = 1 5 " % November 25, 2016 ) Trip e l V ? %< Dairy :% * $ ; Attention: ? 5 David Valadao 17293 9( C 1/2 -5 Aven eu (8 Hanford, - CA (8 8 93230 D 7 % 8 9 (= > % $ > Loan 1 " % Number 364291 1 -= ? %< Dairy D % @6 Herd/Feed Li ne 7 of Credit 0 ; Re: /N$ ' 7 : %"' Extension of Terms C" Gentleme , n & $ " ]* % $C i ' K Credit') As you are % aware, " the %% $ " $ % $< curretn maturity $ date 7 of $ the 5 above % " refere ced n loan (th e "Da ryi D % @6 Herd/Feed > Line of s 1 5 " % Novembe r 30, -' 8 B$ < % " $' owing $ Da (the "Mat rity u Date"), on which $ date all *% * principa , l i+ $ % '$ nterest and all ot $ % her amounts under the ryi D @6 Herd/Feed Line 2016 B$ > of 7 % ? %< ' $ forth the $ %"' $ R $ " ' 7 %$ in ' 5 the $ Loan > Documents Credit % are due and * < payable . - All * $ cap zed tali terms not defined % herein sha ll have mean ngsi set ? " $' % $ evidencing ! the Dairy Herd/Feed Line 7 of % $ Credit. 5 ? %< D % @6 N$ ' 5 % Q '$ Yo,u % or a ? ' $ Designated # %' Person i $ R dentified + in $ the Loan ts,n reqested u an exte sion n of the Maturity Date. > Docume ? " $' have $ % $< ? $ E A B > %M 7 E $ N$ > 7 This $$ % letter will R%" confirm $ $ that 0 ! Rabobank , 1- N.A. ("Lender" ) ' has % ager ed to extedn the ryi Herd/Feed of Credit owing D % @6 Line % $ on $ Da the $ foll : ' ? %< terms and $ '; conditions: $ %"' 1. 2. < % $ ' "" 1 5 " % Maturity ? Date. : The " $ $< matuty ri date of $ the ? %< Da ryi D % @6 Herd/Feed Line of it sh all be N$ exteded n from November 30, to $ 7 7 Cred $ $ % K 8 2016 $ $ $ %"' K the $ > > % may $ $ to December 31 2016 B$ (the C1 "New Maturity ?Date . ) " 4 W $ Subej ct $ to the terms of Loan Documents, ? " $' Lender ? " % " < continue 8 , 7 Cred $ ? %< D % @6 Lin % $ from "" time % the make ? %< Dairy D % @6 HerdFeed / Line of t i > ' Loasn % under the Dairy Herd/Feed e 7 of Credit me during % $ > $ " to $ ti$ " $ " ! ? $ after 7 thi period B"" from $ the $ date 7 of this to $ the 1 New $ % $< Maturity Date . 6% " From and the da te of s l $$ % etter, the 'Maturity %$ $ ' $ %" $ % < $ term $$ % $ $ ' letter * % $ New 1 $ % $< Date" in $ the > Loan Documents shall " mean the Matur tyi ? $ Date. ? " $' ' "<; % " in Loan ? " Docum nts e Will Remain + in /R $ Effect. : The > Loan ? " $' Docume tsn shall except as ' remain + full 7 force 7 % and effect $ N *$ ' > 0 " modified < by $ ' this $$ % letter. Sh ould an y conflict % ' arise $ between $ ' this l $$ % etter and th e Loan Docume ts,n then this l $$ % etter sh all ' $ > ? " $' $ $ ' 4 " R < $% control. 3. 8 4. 9 $ % terms $ %"' and conditi $ ' 7 i $ Loan Other : %"' Terms 0 " Remain + in 6 Full 6( G Force and Effect. - All other ons ' as set n the > Documents ? " $' 2$ % ' $ forth /R 77 $ shall % " remain in full force and effect. 7 7 % ' " $ extend $ maturity $ Dairy : ' % " $ No "" $" $ Commibnent as to Future 6 Financing. This agreement to on the Herd/Feed Line > of N$ the $ 7 " $ % $< date ? %< D % @6 1 ' " $ any < t i ' is not a "" " $ commitmen t $ to prov dei you or < any rel ated $ $< entity with finng anci in any amount Cred *% 5 7 $ % R % $ $ " $ beyond $ New 1 % $ < future < the < % Maturity ? $ Date ' $ set 7 $ forth in $ ' this l $$ % etter. $ % $< 5. ) $ as Reservtaion of Rights . : Thogh u Lender is agreeing to the extens on i of $ the maturity set fort h % herein, Lender > % ' $ N$ ' 7 ' ' $ 7 %$ > % % $ K " $ % < date $' R " ' specifically reserves all % $' rights and % " ' remed es i ava eab il l to d l the /Feed Line it exp erience an D % @6 Cred % $ > of 5 $ it shou " Dairy N* % ? %< Herd '* R < % ' %5 ' $ 82 I 1- Rabobank, N.A. 0 ! 4 %5 ' - " '$% $ Services "" % > Admini5trotion Commercio/ Loon 0 ! Rabobank 9) E./ River # %! Place # West 45 0 5 % Park F '$ 4 $ E Suite401 6% ' CA - 93720 (8 Fresno, (9 = (800) PI 942-6222 August 26, 2016 - '$ : * Triple V ? %< Dairy ? 5 Attention: David Valadao -$$ $ ; + -5 (8 17293 ( 9 1/2 Avenue - (8 8 Hanford, CA 93230 D % > of 7 Credit % $ 8 9 (= = ? $< Herd/Feed > D % @6 Line Loan Number 1 " % 361429-01-Dairy Re: 0 ; /N$ ' Extension 7 of Terms : %"' Gentlemen, & $ " C Herd/Feed 7 $ % 7 % loan {the 5 referenced > of 7 Credit') As the above " $ % $< date $ of - '$ 31, %% " maturity -' you % aware, $ current B$ "Dairy % the D % RR Line 8 < are "; Is ' August C $ % < "< % the ] $ % under $ Dairy 2016 B$ (the "Maturity Date"), on which $ *" * date all principal, interest and all other amounts " $' owing + $ % '$ > of D % @6 Line 7 ? %< Herd/Feed % shall 5 the $ meanings the ' have ' $ forth " ' set $ %"' not $ defined 7 %$ in Credit are due and payable . - All * $ capitalized terms * < R herein $ Loan > Documents % ? " $' % $ 7 B $ evidencing the Dairy D "@6 Herd/Feed > Line of Credit. 5 $ ? %< E extension 5 $ Q ' N$ ' of You, or a Designated in the , have requested an Maturity Date . > Documents % $ Loan 7 the $ $ % $< ? $ + $ R ? ""' ? ' $ Person # %' idenüfied A " to $ extend N$ the $ ? %< D % @6 Line > of the $ $ 0 ! % $ on This letter will conñrm Rabobank, 1- N.A. BE> {"Lender") ' has agreed Dairy Herd/Feed : ' 7 Credit R%" that $$ % 7 $ following terms and conditions: $ '; $ %"' 1. $ of D % @6 Line > % $ shall ' be extended Maturity Date. : The maturity of Credit from August N$ 7% " - '$ 31, 7 the $ Dairy to " $ % $< date ? %< Herd/Feed $ 8 2016 ^1 Maturity'Date/. R$ < ? Subject $ the $ terms > Documents, $ %"' of 7 the $ Loan September (the "New ? " $' Lender 4 W $ to > % may 4 *$ " % 30, B$ $ to $ 8 2016 " < continue > of % the make Dairy D % @6 Herd/Feed Line 7 of Cred t i Loans % $ $ Dairy D % @6 Line 7 Credit % $ from " to $ time > ' under 7% " time $ " during " ! ? %< ? $< Herd/Feed % the $ $ E $$ % to $ the ? $ 6% " and after 7$ % the $ of 7 this period from date 7 of this . From 1 Maturity $ term $ ' letter $ $ $ New $ date $ ' letter, $ %" 'Maturity * % 7% " the $ % $< Date $$ % the E "C ? $ " the ? " $' shall Date' in the Loan $ New 1 Maturity $ % $< Date. > Documents ' mean $ 2. F Remain > Documents % " in ' remain Loan ? " $' Documents Will in Effect. full /77 $ The : Loan > 7 force N *$ as ? " $' shall 7 % and effect 77 $ except ' $ Loan > Documents, $ ' $$ % modified by letter and $ this the " ' letter ? " $' then $$ % Should 4 any $$ % shall $ ' letter. $ this % ' between $ arise " R ' < conflict < this + $% control. 3. 8 4. 9 5. ) $ ' as conditions $ %"' and Other Terms Remain + Full 6 Force 6 % and Effect /77 $ All - other $ % terms ' set ' $ forth 7 %$ in the R Loan > Documents ? " $' , % in 2 %: " 77 $ shall remain in 7 full 7 % force and ' % " effect. ' U $ maturity $ on the % " $ to No to Future . This 6 $ extend D % @6 Line N$ the 6 $ Financing : ' agreement 1 Commitment " $ % $< date $ Dairy of " " $ as ? %< Herd/Feed $ provide % Credi! a "" $" $ commitment to or any related entity with any future financing in any amount beyond the % $ " $ R % $ is ' not $ *% 5 you $ $ < 1 < $ New < < < < this $ ' $$ % Maturity Date set letter. 7 %$ in ' $ forth $ % $< ? $ 7 the $ N$ ' $ maturity ' set Re servation of Rights. Though extension of $ as ' $ forth ' agreeing > % is % to 0 $ the " $ % $< date 0 ' %5 $ 7 %$ herein, : " Lender > % % Lender $ should > of 7 Credit ' Dairy D % @6 Line specifically reserves all % $' rights and remedies 5 available to % ' %5 ' % " ' $ il % $ experience event ? %< Herd/Feed N* % an '* R < 5 $ 78 I # Page 2 7 of 2 7 this $ ' N$ ' $$ % ' $ '$ $ $ of 7 $ default after the % $ granting of extension. Accordingly, this letter does not constitute a waiver 7$ % $ - "% < $ ' 5 % of 7 any % $ or K 7 < right % event $ future 5 $ 7 7 $ % become 7 $ or + the " 5 $ > % % that $ $ N '$' or remedy that " < may in available to Lender % or 7 of < any default of $ $ default that now exists, % " < $ ' $$ % 7 this %' $ $ occurs $ % after the date of letter. > " ' with $ any Please $ $ contact < % your % $ ' * relationship " % manager, Michael limas questions . D " < Q '$ ' F $ provide " '$ 7 customer $ 5 of *% 5 you ' Finally, would ! like to thank < you 7 % for < % your ' '' business. We will $ conUnue to with the highest level '$ "'K service $ $ ! < $ 6 < we * ' ! * 7 $ % business ' '' ' so please keep ' us in " mind when ' % considering < % your future needs. ' for < % your 7 $ % future 5 %' endeavors , 7 % 4 Mary 1 Nance %< ? " $ $ % Loan Manager > Documentation 79 ( Rabobank, N.A. 0 ! 1- 4 %5 ' "" % > Commercial loan - " '$% $ Administration Services 0 ! ) River 9) £ 0 K Park # %! Place # West F 'K 45 4 $ 9 Sulte401 - 93720 (8 6% ' CA Fresno, (9 = (BOO) B8 942-6222 October 11, 2016 2 $ % :% * Triple V Dairy ? %< $ ; ? 5 Valadao Attention: David (8 17293 ( 9 + 1/2 -5 Avenue Hanford, - CA (8 8 93230 D 7 % > of 7 % $ D % @6 Line Loan Number 8I 9 (= 361429-01 -H Dairy Credit > 1 " % ? %< Herd/Feed : %"' Extension 7 of Terms /N$ ' 0 ; Re: Gentlemen, & $ " D / ? Herd/Feed Line $ of 7 the {the % E $ 5 $ %% $ Credit 4 *$ " % 30, As are aware, current maturity above % 5 % referenced loan ) " is ' September B$ "Dairy " $ % $< date -' you % the 8 < >/ ( of all other $ % amounts " $' owing % + $ % '$ and *% * interest date 2016 B$ {the C $ " 'Maturity ? $ ^ Dateî, on all principal, under the $ which $ Dairy > of 7 ? %< Herd/Feed D % @6 Line ' have % shall 5 the $ %"' $ - capitalized R herein meanings " ' set ' $ forth the Credit % are due and payable . All not defined 7 %$ in * $ terms $ Loan ? " $' % $ > Docoments * < 5 D @6 > evidencing $ the ? %< Dairy Herd/Feed Line 7 of % $ Credit. + the $ > 5 requested extension % Q '$ an You, or a Designated Person idenUfied Loan Documents, . 7 the $ R in N$ ' of ? $ ? ' $ # %' ? " $' have $ Maturity ""< Date A % B $ extend N$ the D % @6 Line ' % $ ? %< > of 0 ! 1- This $$ % letter will confirm $ that Rabobank, N.A. ("Lender') has agreed to Dairy Herd/Feed Credit on 7 % $ 7 $ following : ' R%" the $ '; terms and conditions : $ "' C"" > of ' be extended B Dairy % $ shall 7 Credit N$ from 1. maturity date of the Herd/Feed Line : " R$< to ? $ The $ 7 4 * " % 30, ? %< D % @6 Maturity Date. "" September 8 2016 7 the $ %"' of > Documents, November 30, (the 'New Date )." Subject Lender may continue to B" Maturity $ the $ terms $ Loan $ $ ? " $' > % 4 $ to 1 5 " % 8 2016 $ " ? $ " < 7 Credit % the > of $ time D % @6 Line $ " during % > ' $ from make ? %< Dairy Herd/Feed Line 7 of Credit Loans under " ! D % @6 > $ Dairy 7% " time $ " to $ the $ ? $< Herd/Feed $ of ? $ 6% " and 7$ % the period from of $ ' this $$ % letter to Maturity Date . From * % 7% " the B the $ New 1 $ % $< after $ date 7 this $ ' letter, $ term $ %" 'Maturity % the $ 7 $ date < ? $ ' mean Date· in the Loan ? " $' Documents shall " the $ New 1 Maturity % < Date. $ > "<; F Remain 0 " in Effect. /77 $ The : Loan > ? " $' ' remain % " in full 7 force 7 % and 2. Loan ? " " Documents Will Documents shall effect R $ except > ' N *$ as $ ' letter 4 < $ this $ Loan modified by this letter any conflict arise between letter shall the %. Should $ % ' $$ % and ? " $' then " R > Documents, $ this $ ' $$ % ' < $ ' $% > control. 3. 8 4. 9 - other $ % terms ' $ forth $ %"' and $ ' as Effect. condiUons 7 %$ Other Remain 6 in Full Force in the ' set $ Loan > Documents ? " $' 6 and / All 2$ " Tenns " , effect. R $ shall remain in full 7 force ' % " 7 " and #<" : ' agreement B extend N$ the $ maturity % " $ to No Commitment $ on D "@6 Line "" $" $ as 1 ' to Future Financing. " $ % $< date the $ Dairy > of 7 ? %< Herd/Feed R This $ any Credit not a commitment provide you 7 $ % financing R in $ *% 5 % any any $ New "" " to % $ entity $ $< with ' $ " $ beyond 1 < related % $ is < or < future < the < amount Maturity set forth in this letter. ? $ ' $ 7 $ $ ' $$ % $ % $< Date $ the $ extension > % is ' agreeing 7 the : Lender N$ ' of $ maturity 5. Reservation 7 0 $' of Rights. Though $ as 7 herein, % to ' $ forth > % ' set % Lender " $ % $< date ) % $ ' the 5 lo $ Dairy specifically reserves all % $' rights and % " ' remedies available of Credit experience % ' %5 ' $ it should D % @6 Une > 7 % $ N* % an ? < Herd/Feed '* R < $ 80 I 7 Page 2 of 2 # '$ $ $ a waiver 5 % 7 $ ' 'K 7 $ % 7 thi $ ' % $ or % event 7 of default after $ the % $ granting of s N$ ' extension . -" < Accordingly , this letter ' does K not consUtute of any 5 K < right % event K 7 $ $ % that 7 $ or 5 $ of $ $ " < $ $ $ remedy that may in $ the 7 $ % future " become 5 ava eab ill to > % Lender % or 7 of any default that now N '$' exists, or % " < < default this $ ' letter. $ % 7$ % occurs after the $ date of %' Q 'R ' > " ' $ < Please $ $ contact < % your % $ ' * relationship " % manager , Michael Limas with any questions. # ' continue d l ! like to thank < you for business . F We will highest l 5 evel of 7 % your R to $ provide *% 5 you $ the $ '$ 7 customer '$ " % service ' %5 $ $ ! wou < % ' '' < with Finally, we 6 < 7 $ % bus for < % your 7 %= futur 5 %' endeavors, so please ! * keep us n " mind when considering < % your future ness i needs. ' '' ' ' * ' ' i ' % 7 % '-. . ... = -~· Mary Nance $< 1 Loan ? " $ $ Documentation % Manager > 81 I 0 ! Rabobank, 1 - N.A. "" % Commercial > Loon - " '$% $ Admi ni stration4 %5 ' Services 0 ! Rabobank 9) E. 0 5 % # %! # / River 45 Pork Pl ace F C West Sui te4{)1 4 $ 2 - 93720 (8 6% ' Fresno, CA 942-6222 (800) BI ( = 1 5 " % November 25, 2016 ) Trip e l V ? %< Dairy :% * $ ; Attention: ? 5 David Valadao 17293 9( C 1/2 -5 Aven eu (8 Hanford, - CA (8 8 93230 D 7 % 8 9 (= > % $ > Loan 1 " % Number 364291 1 -= ? %< Dairy D % @6 Herd/Feed Li ne 7 of Credit 0 ; Re: /N$ ' 7 : %"' Extension of Terms C" Gentleme , n & $ " ]* % $C i ' K Credit') As you are % aware, " the %% $ " $ % $< curretn maturity $ date 7 of $ the 5 above % " refere ced n loan (th e "Da ryi D % @6 Herd/Feed > Line of s 1 5 " % Novembe r 30, -' 8 B$ < % " $' owing $ Da (the "Mat rity u Date"), on which $ date all *% * principa , l i+ $ % '$ nterest and all ot $ % her amounts under the ryi D @6 Herd/Feed Line 2016 B$ > of 7 % ? %< ' $ forth the $ %"' $ R $ " ' 7 %$ in ' 5 the $ Loan > Documents Credit % are due and * < payable . - All * $ cap zed tali terms not defined % herein sha ll have mean ngsi set ? " $' % $ evidencing ! the Dairy Herd/Feed Line 7 of % $ Credit. 5 ? %< D % @6 N$ ' 5 % Q '$ Yo,u % or a ? ' $ Designated # %' Person i $ R dentified + in $ the Loan ts,n reqested u an exte sion n of the Maturity Date. > Docume ? " $' have $ % $< ? $ E A B > %M 7 E $ N$ > 7 This $$ % letter will R%" confirm $ $ that 0 ! Rabobank , 1- N.A. ("Lender" ) ' has % ager ed to extedn the ryi Herd/Feed of Credit owing D % @6 Line % $ on $ Da the $ foll : ' ? %< terms and $ '; conditions: $ %"' 1. 2. < % $ ' "" 1 5 " % Maturity ? Date. : The " $ $< matuty ri date of $ the ? %< Da ryi D % @6 Herd/Feed Line of it sh all be N$ exteded n from November 30, to $ 7 7 Cred $ $ % K 8 2016 $ $ $ %"' K the $ > > % may $ $ to December 31 2016 B$ (the C1 "New Maturity ?Date . ) " 4 W $ Subej ct $ to the terms of Loan Documents, ? " $' Lender ? " % " < continue 8 , 7 Cred $ ? %< D % @6 Lin % $ from "" time % the make ? %< Dairy D % @6 HerdFeed / Line of t i > ' Loasn % under the Dairy Herd/Feed e 7 of Credit me during % $ > $ " to $ ti$ " $ " ! ? $ after 7 thi period B"" from $ the $ date 7 of this to $ the 1 New $ % $< Maturity Date . 6% " From and the da te of s l $$ % etter, the 'Maturity %$ $ ' $ %" $ % < $ term $$ % $ $ ' letter * % $ New 1 $ % $< Date" in $ the > Loan Documents shall " mean the Matur tyi ? $ Date. ? " $' ' "<; % " in Loan ? " Docum nts e Will Remain + in /R $ Effect. : The > Loan ? " $' Docume tsn shall except as ' remain + full 7 force 7 % and effect $ N *$ ' > 0 " modified < by $ ' this $$ % letter. Sh ould an y conflict % ' arise $ between $ ' this l $$ % etter and th e Loan Docume ts,n then this l $$ % etter sh all ' $ > ? " $' $ $ ' 4 " R < $% control. 3. 8 4. 9 $ % terms $ %"' and conditi $ ' 7 i $ Loan Other : %"' Terms 0 " Remain + in 6 Full 6( G Force and Effect. - All other ons ' as set n the > Documents ? " $' 2$ % ' $ forth /R 77 $ shall % " remain in full force and effect. 7 7 % ' " $ extend $ maturity $ Dairy : ' % " $ No "" $" $ Commibnent as to Future 6 Financing. This agreement to on the Herd/Feed Line > of N$ the $ 7 " $ % $< date ? %< D % @6 1 ' " $ any < t i ' is not a "" " $ commitmen t $ to prov dei you or < any rel ated $ $< entity with finng anci in any amount Cred *% 5 7 $ % R % $ $ " $ beyond $ New 1 % $ < future < the < % Maturity ? $ Date ' $ set 7 $ forth in $ ' this l $$ % etter. $ % $< 5. ) $ as Reservtaion of Rights . : Thogh u Lender is agreeing to the extens on i of $ the maturity set fort h % herein, Lender > % ' $ N$ ' 7 ' ' $ 7 %$ > % % $ K " $ % < date $' R " ' specifically reserves all % $' rights and % " ' remed es i ava eab il l to d l the /Feed Line it exp erience an D % @6 Cred % $ > of 5 $ it shou " Dairy N* % ? %< Herd '* R < % ' %5 ' $ 82 I # T Page 2 of 2 5 $ $ % $ + R % does ' not $ constitute '$ $ $ a event $ of 7 $ default 7$ % after 1he granting 7 of $ ' this N$ ' extens on.i Accordingly, 1his letter waiver of any - % < $ ' % $ or 5 % % < right 5 $ of 7 default 7 $ or > % % 7 7 $ 5 $ % event exists, % that 7 $ % " $ future N '$' or $ remedy $ $ that " < may in the become available to Lender or of < any default that now % " < %' $ $ occurs % alter the date 7 of $ ' this $$ % letter. $ < Limas > " ' with Please $ $ contact < % your % $ ' * relationship manager , Michael any Q '$ ' questions . # ' " % $ to ""! < continue $ provide *% 5 you $ the $ '$ 5 7 % < % '$ " % Finally, we 'NOUld like $ to thank you for your ' '' business . F We will highest leve l of r service ! 7 custome ' %5 < with 6 < 7 $ % business ' % your ' '' ' 7 % < ; ' * ' for your 7 $ % future 5 %' endeavors, so please ! * keep ' us in " mind when considering needs. < % future 4 $ %< > ? " $ $ % 83 I8 States or any state or local governmental entity unless Borrower has assigned no rights to payment of such Accounts Receivable to Lender. pursuant to lhe Assignment of Claims Act of 194G. as amended. or pursuant to any similar state or local law. regulation or requirement and are not finance charges on accounts. which relate to ?nance or service charges. are hoidbaclts. bill and hold or will call. pro-billed. uncompleted. progress billings. over-billed. billings in excess of costs. govemed by a penonnance contract. bonded. subject to otfsets. trade. statutory liens. customer deposits or deterred revenue. tor work in progress. or from retainage. retention. cash-on?delivery. or cash sales. where 20% or more of an account Receivable trorn a single account debtor is 90 days or more over due and (L) which are 30 days past the latter of ti) the date of invoice. it any. or it] the date of delivery. or days past the original date when due: and "Related Payables" means all trade account payables andlor other unpaid costs at acquiring the Collateral included in the Borrowing Base. and the amount of all Liens on that Collateral. The Borrowing Base for purposes of the initial Loan will be deten'nined by the Borrowing Base Certi?cate received by Lenderin accordance with Section 4 Mid}. The Borrowing Base for purposes of subsequent Loans will be determined by Borrower. subject however. to adjustments by Lender consistent with this agreement. Each Loan Request for a Loan will be deemed a representation by Borrower to Lender that the unpaid principal balance of the Line of Credit after the requested Loan will not exceed the maximum amount at the Line of Credit under Section 1.02. Notwithstanding the provisions of this section to the contrary. Lender may as a precondition to any Loan require Borrower to deliver to Lender 3 cu rrent Borrowing Base Certificate 1.04 Loans under the Line of Credit. Loans under the Line of Credit are scores! to article 4. 1.05 Revolving Nature. The Line of Credit is a revolving line of credit; and during the Availability Period. subject to the terms and conditions of this agreement. Bonower may repay principal amounts and reborrow them. 1.08 interest. The unpaid principal balance ot Loans under the Line oi Credit will bear interest at a rate equal to the one month LIBOR plus 2.750% per annum. Adtusted on the lirst day of each Line oi Griedit Month. with LIBDR determined as of the date of the respective Adjustment. or it the date of the respective Adjustment is not a Bosiness Day. then on the Busrness Day immediately preceding the date at the respective Adjustment {the Indexed Rate?). The term the of Credit Month? means the one month period beginning on the filth day of the calendar month immediately following the Closing Date. and each successive one month period. Reguired Payments; Maturity Dat . Borrower shall pay accnred interest on the Line of Credit on January 5. son and on the fifth day of each month after the Closing Date to the Maturity Date. lb} The unpaid principal balance of. all unpaid accrued interest on. and all other charges under this agreement with respect to the Line of Credit. shall be paid on November 3d. 2014 (the "Maturity Dale"). 1.03 Prepayments. Subiect to Section 2.09. Prapeyments of the Line of Credit may he made at any time without prepayment ice or penalty mos The Note. Loans under the Line oi Credit will be evidenced by this agreement and a promissory note in a form provided by tender {the ARTICLE 2 - COVENANTS REGARDING THE LOANS 2.01 Loan Begusst . Each Loan will be made upon the request of Borrower [a "Loan Reguest't. Each Loan Request must comply with the requirements at Article 3: {hi at Lender?s option. must be received by Lender before Hill pm {iiailtornra time) on a Business Day which is not less than one Business Day prior to the date of the Loan; and to) must specity the amount oi the Loan. No Loan will be made it the interest rate for that Loan would exceed the Maximum Rate. Each Loan Request will he irrevocable. Lender may postpone making any Loan to the extent Lender is delayed by fire. earthquake or another circumstance outside Lender's reasonable control. 2.02 Computation of Interest. All computations of accrued interest under the Loan Documents other titan Interest at the Maximum Rate. and all computations of tees under the Loan Documents. will be made on the basis of a year of 360 days tor the actual number of days (including the ?rst day but excluding the last day] elapsed: and all computations of interest accrued at the Maximum Rate will be based upon a year of the actual number of days in the resmctive year Subiect to Topic iv' Dairy 2013 ?red-i hgreoihent 89 , ! % Baker ! Manock I ' * G &Jensen Pc ---------- -::201/A4 ATT ORN YS E -: AT Z-F I.AW /% Eric C. Cole Attorney at > law -$$ % < $ 4 *$ " % September I8, 2017 R ! 5"" ! " " eco com ekc @ l rn i1brnn oc .k Fig & % Garden 6 Finan cial $ % Cente r 6 +- ELECT />/ :021+ VIA RONIC -+> MAIL AND ONTRAC -1? 21:0- 6 5 6 % Fourth Floor Riley Walter, Esq. /'Q 0 < F $ % F % > &% * Walter and F " Wilhelm Law Group ) 205 / E. 0 5 % River # %! Park % Circle, 4 $ Suite 9 41 O Fresno California (8 93 720 6% ' , 7 " 6% ' Fres n o, R " Californi a (8 93704 + + ]/] Tel: ))( 98 )E ] 559.43 5400 2. 6 N; ))( 98 ) Fax: 559.432.5620 ! "" %!"" www bakerman . k.co m co /H ; E-Ma il: % < %fF >& " rilcywal ter@W2LG.com 0 ; Re: ) 5260 1 < North # " Palm -5 Avenu e :% * Triple V Dair y, a 7 % California % general ? %< B], %% %C partners p hi ("Borrower" ) * %$ %' * 7 Dairy + + % @6 Herd/Feed + Line of % $ Credit B> (Loan 1 No. 8 9 (= 361429 01) ? %< D 7 %' > BJ+E % Hei fers Line of Credit B> (Loan 1 No. 8 9 (= 8 361429 -03) ? % % F %; Dear Mr. Walter: -' < As you ! know, we % *% ' $ represe ntRaboba nk, 1- N.A. B]0 !^ ("Rabobank "). The above : 5 0 ! % 7 % " $ % referenced ' loans will e on 4 *$ " % September 8 30, 2017 pursu ant $ $ $ to that certai n 6 %$ Fourth -" " $ Amendm ent matur * %' $ > ? " $' to Loan Documents $ dated ' as $ 6 " %< of February 1 O, 2017 B> (Loa n 1 No. 8 9 (9 361 429-01) and that certain : % Third $ $ %$ -" " $ 7 February B> Amen dment $ to Loan dated ' as of 10, 2017 (Loan No. 361429 03). ? " $' $ 1 8 9 (= 8 > Documents 6 % %< 7 %" As we *% 5 ' < previ yousl informed you, ank ' is $ not willing $ to $ % % further N$ extend the 0 ! -' $ < Rabob maturi ty $ ' dates on $ ' those l 'E oans. # ' Please be 5 ' advi sed $ $ that 0 ! Rabobank ' has no $ obligation $ to forbear 7 % % " $ % $< 7% " % $' + < ? 7 % from 7 % enforcing $' its righ ts and % " ' remedies with respect any Default or Event of Default. % '* to /5 $ 7 ? 7 $ ' $ 0 ! 5 Rabo bank ' $ has not wai ved, and not waivi ng < any /5 $' Events 7 of Defau t. l Not hing $ contai ned in this is ? 7 $ 1 $ $ ' 5 + % "E Lette r is intended to or shall be construed as a waiver, rel e ase, modifica ti o n or forbearan c e of $ '$% > $$ % ' $ % ' ' 5 % % ' " R % 7 0 ! , %% % r % any 7 of the % $' rights, % " ' remedi es, and * %' powers 7 of Rabo bank '$ against Borrowe or $ the $ % Collateral , % or a < waiver 7 of < any Defaul ts or 5 "' Events 7 of Defaul ts, $ % whether '* R specified % herein % or $ % ' otherwise. % ? 7 $' 5 % ? 7 $' $ 0 ! Rabobank notifies < you that Rabobank ' is under no $ obligati on to 6 %$ % $ R ' % 0 ! hereby % < further $ % $ 7 < fund any Loan or $ % ' otherwise N$ extend % $ credit under the % $ Credit Agree ment % or % under < any $ % other Loan > % - % " $ > Docum ents R % after and, < any loan % or $ % other N$ ' extensio n 7 of % $ credit $ $ that % % hereafte r" < may be " made 5 avail able ? " $' $ 0 !E' to Borrower (which is ' $ not %% $ < current y l $ "* $ contemplated % or % under % $ deliberat on)i shall be in Rabob ank' s , %% % B ' sole and ' $ absolute ' % $ discretion until 7 % % further $ notice, and < any $ addi tional Loan or $ % other N$ ' extension 7 of ' > % credit by Rabo bank ' shall be " made, 7 if $ at all, on a ' = rights % " ' % $ Loan % " ' 7 0 ! remedies of 0 ! Rabo bank and Rabo bank N*% '' < expressly % ' %5 ' reserves all and remedie s unde r the ? " $' Docume nts . Very truly yours, %< $% < < %' & (J, G-{¡ /% Eric C. Cole # ,-./0 MANOCK -12 . &3 /14/1 BAKER JENSEN, PC / ;04 ECC:RSC cc: ; -'' $' 27R % 0 ! , 1 - #@4* Avi s & 77 %< Gaff ery, VP/S pecial Assets Officer 4 % Senior, Rabobank N.A. -5 ' 9 8 I5 2040328vl /@ 1Z 8 728 0137.3 B +T0 86 I [gt Lender has received evidence to Lender. that the Lions granted to Lender under the Collateral Documents are valid and enforceable and. upon the Closing will be. properly perfected. and prior to the rights and interests of all other Persons. except those rights and interests acceptable to Lender in its sole discretion: th?l Lender has received evidence satisfactory to Lender. that all policies of insurlnce required under the Loan Documents are in lull lords and effect and all premiums for those policies have been paid through the date requrred by Lender; (it Lender has received. at least 5 Business Days prior to the Closing Date. all documentation and other information required by bani: regulatory authorities under applicable "know your customer laws? and Anti-Terrorism Laws. including the USA. Patriot Act: all representations and warranties of all Parties other than Lender in the Loan Documents are true and correct; (kl as oi the Closing Date. the following shall be true and correct: no Delaull or Event at Default has occurred and is continuing; and no event has occurred and no condition exists which has resulted in or could reasonably be expected to result in. Individually or in the aggregate. a Material Adverse Eftecl.? and it) Lender has received all other documents. certi?cates. filings. consents. approvals. legal opinions. information and other preconditions requested by Lender. 4.02 Additional Loans. Lender's obligation to make each additional Loan is subject to the condition precedent that on the Drawdowri Date. is) Lender shall receive a Loan Request (as de?ned in Section 2.01]: all ol the conditions set forth in Section 4.01 have been and continue to be satis?ed.- the following statements are true and correct (and Borrower will be deemed to represent to Lender that the iotlowing statements are true and council as of the Drawdown Data: (it the representations and warranties in the Loan Documents are true and correct as though made on that date; no Default or Event oi Default has occurred and remains uncured or would result from the additional Loan: till) there has been no adverse change in the ?nancial condition of Borrower or in the condition of the Collateral or any material portion thereof since the attentive date of this agreement that has resulted in or could reasonably be expected to result in a Material Adverse Ettecl: (iv) the unpaid prinmpal amount of all outstanding Loans under the line of credit facility under which those Loans are made. together with the amount of that additional Loan does not exceed the maximum amount thereot under the terms of this agreement; and iv) Borrower has received duly executed conditional and unconditional Lien waivers and releases relating to mechanic's and matarialmen's Liens. in the form required by Applicable Law. from each contractor. subcontractor. material man or vendor in each case. with regard to all worli. services and materials for which payment will be made from the proceeds of the Loan or for which payment has already been made prior to the Loan Request: and to} Lender shall have received all other documents. certi?cates. ?lings. consents. approvals. legal opinions. and other preconditions requested by Leonor. ARTICLE 5- BORROWER REPRESENTATIONS 5.01 Representations. From and alter the date hereof and until such time as all Obligations have been paid in hill and Lender has no obligation to mate additional Loans. Borrower represents and warrants to Lender that. la} it Borrower is anything otherlhan an individual. it has complied with all applicable laws concerning its organization. existence and the transaction of Its business. and is In existence and good standing in its state oi organization and each state ill which it condlicts its business; (hi the execution. delivery and performance by Borrower of each Loan Document to which it is a party. is within the powers and authority of Borrower and have been duly authorized; and the Loan Documents have been duly executed and delivered by each oi the Loan Parties thereto: {oi the Loan Documents do not conflict with any Applicable Law: triple Dairy 55%! RLCC PU i3 Credit Agreement 92 Triple 31 Dairy 0>2 20 8 :% * V [) ! RLOC ? %< $500k 8 9 (H 8 7 Cre D 7 %' > % $; Heif ers Line of dit: 361429 03- CRED T I AGREEMENT 0/?+: -&0// /1: 8 lt is ;8 $ * " %' 7* :0+#>/ 7 % This agreement ' is dated as of between TR PLE I V DA RY, I a Ca ifornia l genera l partners iph : ' 5 " % ?-+0A , 2013. December ? " % 10 $ ' BC, %% %^ ! ("Borrower ) " and , a national ng i association ("Lender . ) " '' B % $ 'K bank RABOBANK 1 - 0-,2,-1., N.A. $ % C to , %% %E K credit Borrower B Q '$' requests $ $ that > % Lender *% 5 prov dei a li ne of . r > % Lender wi ll *% 5 provide a line credit, subject 4 W $ to B of Borrowe $ the , %% % % " " $ %"' of K this $ ' agreement. terms >+1/ ART CLE I 1- TH E HE FERS I LI NE OF T I 0/?+: D/+6/04 26 CRED -0: >/ X :D/ % E 7 Cr % $ > % sha ' N$ cred % $ * % 1.01 The Lin e of Cred t. i Lender ll extend t i (tB" he "Li]> ne of edit ) " from ngi the period from $ " to % $ > $ " dur % " : 7% " time $ time # % C "Availabi C-5 $< $ N$ ' ' " ! the Cl ' osing ? $ Date to Matur ty i ? $ Date (such , i+ ncluding extensions , if++ < any, the ity l Period ) " by ngi l ' oans to $ % $< $ $ the * R E B' period < mak ' loan a "Loan Borrower (each such ) " on a % 5 5 revolv ng i basis. ' ' , %% % B +c (c c% C 1.02 * *% "* : aggr of -" $ 5 > ' " '$ N the Maxim mu Amoun t. The aegte unpaid princ pali balance must not esser of: (i) N " " $ Loans $ exceed 7 the $ l+ '' % 7; B2 % + , %% $500 00 000., or (ii) Borrowing , ' Base. )) B/ the 1.03 8 , ' , %% Base. Borrowing (a) B C, , ' C $ ' " " ' "Borrowing Base" me na s the sum of: (b) B B (i) )\ " ' 75 % of Eligible Accounts ceivable ; minus - $' Re 0 5 G 7 / (iB i) " ' Re ated l Payables ; mi nus. 0 # < '; (iB )i 5 % % ' on an the of any y account th Lend er. , %% % wi $ of $ amount " $ 7 7 Borrower $ > % < overdrafts < For pu rposes 7 of cal cu on atli of Borowing Base : , ' ; K the $ 6 % $ , * %* ' ' (i) B - $' " ' accounts $' which *% 5 "Ac counts 0 Rece vable i " means : (A) gn of e $% % the ' from 7 services $ providi ' %5 ' or % the $ sal ' B- arise $ % ' specifications $ the $ debtor's of ' goods by the % owner of which comply with account f any) have been '* $ ' (IB+7 $ $ account, 5 "* < $ < $ < and *$ % ' in the *% 5 5 % hav $ ordinary provided % or del ivered to, e be en acc eptde by, account debtor , (C) 5 7 business $ %, (B) %' of $ and ' ''E % %< course < $ B, arise B $ % dated $ not are evidenced by an "5 invoiec rendered acco ntu debtor ierl tha n the date of oni of $ ear % $ % % to 5 < % $ $ $ $ 7 the $ provis K services ' "; or $ *% 5 ' ** the $ date 7 of shipment very i of good , s ' as appli ac ble , (D) have payment Lender, (E) $ %"' acceptable ' *" " or 7 $ > % ' $ % not *$ to % del 5 %< * <" $ terms $ B? 5 B/ are '$% " $ $ % ins evidence d < by a $ $$ note, chattel paper or other trument , B6 (F) ar % $ e not paya ble on tllm ne basis , (G) d,i * * % % 5 an insta '$ " $ * < ' ' % val 5 B& are 7 accou $ ' $ legally enforceable d $ unco tiona idn l obli gations of t n $ % debor t, an d not subject to y set off, cou m,ter ni acl or 7 % an $ ' W $ < $ an K ' $ $ % " < % adjustmen $ $ any E" by $ deb $ $ cre t, di allowance or t by t debtor . or % to ort den ngyi li N < ability ther eunder i+ n " ; ' " % $ < $ % % < claim < accoun < account % + % makes ' out $ of K a $% $ , by % '$% $' ' 7 % ' whole or in part do $ not arise contract which ts term ,s forb ds, i res ric t st or d or * and (H) " ! ' voi % 5 < i $' BD 7 % $ > % K the " account unenforceable $ the '" " $ ass gnment i by Borrower to Lender of ; $; < , %% % 0 C , %% % ' Accounts " ' the $ net $ amount - $' (ii) "El^/ igible Acco nts u Rece vable i " means ,e l " $ of 7 Borrower's - $' Receivab 0 5 B '' $ % ' N 77' ' 7 % $' and offset $ % % to excluding all % $ % ' returns, ' $' discounts , credits s of any ut re. Unless otherwise agreed r in+ writing , > % $ by < na < Lende - $' $ respect 0 5 ; $ includ Eligible - $' Accounts 0 5 Receivab e l do e Acco unt s Re ceei: vabl (A) / not % '* $ to $ which the $ account $ debtor $ % is ' an B- with e % or $ agent 7 of Bo rower, BI (B) with pect to ch the account debtor subsidiary of, filiated with employe ' a , %% % F $ res $ whi $ $ $ % is ' ' $< % af % '* $ 7R $ "* < 7 or $ Borrower or areholder , s 7R %' officer , s or direorct,s (C) th respect gnment i , % its % % %' goods % '* $ to ' % %' , 5 ' sh % placed ' are * on $ which cons ' " $ B wi $ which the % $ $"' by % ' $ * <" $ $ debtor $ account guarant ed e sal e, % $ % or other terms os n of payment < by the tiona , i l ' $ % may $ (D) " < be < rea cond $ B? with s $ not a % ' $ resident 7 of the Unied t States , except o the h Accou tsn respect to which the % '* $ $ % i ' $ $ $ debtor $ account 4$ $ ' N *$ t " K suc $ extent ' - $' % other $ % assurances $ ' ** %$ '' % ' satisfactory Receivable are supported by . e ' bonds, or , (E) ich 0 5 E ' % E > % ' '7 $ %< to $ Lender respect % '* $ to $ wh < insuranc B/ with 7 % goods +' % $ debtor $ % for ' or , %% % ' %5 ' rend $ account % services Borrower is or may become li able $ to the ered by % % + account $ debtor " < " $ % to $ < the % sub % ' $ 77 , %% $ or '* $ $ dispute Borrower , B6 (F) which are ect j to , $ % " counterc aim, l setoff, (G) th respect chi Lender its sol e % '* $ to ' $ $ $ wh $' ' > %, in B& wi $ % finan R " ' % $ "' $ creditworthiness $ accoun discretion , deem s the al ci cond tion i of t debtor unsatisfactory , (H) K the % $ %$ '' or $ $ % to be ' $ '7 $ %< 7 any < BD of R '$ bankruptcy * " in ' ' R % $ $ % account debtor who has filed or has had filed again t s it a petition ief under % an application % 7 ** $ for !% *$ < or % any B % rel < % debtor-in-relief $ D =% K acts ' 5 < provi oni s of e % or fede alr bankrupt , y c inso vency l , or ; or 7 % *% 5 ' 7 any '$ $ 27 who !"* < $'G has ' had appointed ** $ a trustee < stat $"'$ , ' made '$ custodian , % % 5 % or receiver for assets of ount $ % debtor; or assignment for 7 such ' acc % who $ " an B % the + '' $' '' " $ has 7 % the benefit R$ of % has % fails ' " $' de 7 ' gen % $ %' or creditors become ' 5 $ insolvent or ylaler to bts (in cluding its s)ll as , $ pay $' < $' payro ' debts B ' such $' become " due * <% ' * < its $ Unit acco $ + '* $ 4$ $ ' $ $ (I) respect to which the un t deb ort i ' s the ed Sta es t government ratment or United " ; 5 % " $ or 2+ any * %$" $ % agency 7 the < dep $ $ < of B+ with Da Tri $ ple V ryi $500k RLOC 2013 8 ? < '' 0>2 Credit - % " $ Agrem een t % K 6 /LD+,+: 'F' EXHIBIT 88 II ' Acc '' - $' , %% % ' K such % $' '' % local $ pa 5 % " $ gov St4 7 ' aet s % or < any ' $ state or ernm lnt ea entity ess Borr owre ha s assign ed i+$' ts right s to ymnt e of ount s * <" $ $ $< unl ' " % '$ $ "' 7 19 * %' K] * %' $ the Claim - $ of ' am % pur 0 5 -''$ " K of " pur (9 $ > % Rece e iva lb to Lend,re us ant to s Act 40, as ende ,d or anust to+ any aril staet Assignment < sim % ' R account R % $ % $ ' %5 % % % Q % " " are $' $ fina % servic or l ocal % $ law, regul onati or requir t nm e and not finan ce ch arges on s, (J) ch relat e to cn e or e B whi 5 = billing % wi ' or *% % '' hold ' "* $ progre cha ges r , are holdbacks, bill and ll call , *% = prelledi,b uncompl ed , te ss bill ngsi , over -bed, ill s i n % ' % E %' =" ' W $ offsets excess of '$' costs, 5 " govern ed by a perform cena contract, bon de,d su bject to , trade , st'$ $ $ %< atutory li ' ens, cu stomer '$ " % ' ' $% * %" N '' 7 < + *% % '' 7% " retainage % from % ' sales, ' = H 5 %< or % % wo %! % cash deposits or $ %% % 5 defe red r reveune, rk in progress , or , retention , cash-on ivery de l, for ' ' (K) * ' ' % B. $ wh ere \ 20% % or " % more $ of an Acco ntu Receivab e l from a si' ngl e accou t n deb or t is ' 90 or more and (L) chi $ % 5 % due " % over - % 0 5 7% " ( days <' % B> wh % (iB; * '$ the $ original % date $ of 7 + 5 7 deli % 30 8 days $ l $$ % $ date are days past atter of the date ince vo,i if any , or )i the very, % 30 8 <' * '$ the K (i) of 5 %< or <' past < B $ when ; due; and E% 'E 0 $ @ ; 7 acq " ' trad $% $ % unp * Q " $ '$' of "Re ated l Paes" yabl measn all e accou t n pay ables an d/or other aid costs iuring the * < ' (iB; )i $ amount " $ Lie > ' t$ $ $ % E the Colla era tl inclued d in $ the , %% Borrowi ng , ' Base, and of all sn on hat Colla eral. t % , E" , ' Ce %$ R $ $ $ $ %" > $ Borr * %* ' ' 7 Th e , %% Borrowi gn Base for purposes of the initial Loa n wi ll be determin ed by w ogin Base ficate rti : , ' 7 % < the , %% : Bo 7 % pu * %* ' ' > ' ' ' Q $ , ' for 7 subseq ro r wing Base rposes of nt eu Loa sn wi ll be "" The $ adj 0 Q '$ B % a > W '$" $' ' '$ $ > % / de termined by , %% % Borrow , re subec jt however , to ustmen st by Le nder con siste tn wi th thi$ 'E % " s agreement. Eac h Loa n Reques t for ' W $ $ 5 % 5" < < > of 7 Cre $ + Line 7$ % the % $ $ K $ * * * $ > $ 7 the Loan wi ll be deem de a % *% ' $ $ represe notatin by Borrower to Lender that the unpa di principa l ba ancl e of dit after " > < , %% % 7 " $ of K the $ Line > of 7 Cred % $ % 4 $ 1 $ '$ $ pro $ " N " " *% 5 ' ' ll $ not N exceed the maxim mu amount t i un der Sec ion t 1. 02. No thstanding wt i the visinos of requested Loan > wi " ' a precond *% % Q % Borrower , %% % to > % a) current 5 % $ any $ del $ Lender > % , this secotin to contrary, Lend re may tion i to Loan require iver to ng i 5% " Borrow C]) ' $ + the $ $% %< < > " < as , ' Base %$ R $ Certifica e.t (e) B rece ved i by > % Lender in % accodr ance wit h Sec itno 4.9 01(d .) 4 $ $ % 5 < 1. 9 04 - % subject ' W K to % % ] are 7 Credit $ Li> Loa sn und er $ the > Line of t. i Loa sn un der the ne of cle i 4. % $ > ; % 7 Cred Art > ' - 1.05 ) % 5 5 " 7 % $ ' a rev 7 credit du % Revolving Nat u.er The Li ne of Credit is olving li ne of ; and ring the Avai abylilit Pe riod, sub ject 0 5 5 % $G ' W $ # % > -5 $< : *% * M to $ the terms and con tio disn of this reeme ,nt Borrower ma y repa y prin palci am ounts and hem. " $' $ ' , %% % $ %"' % %% t$ " % " $ 7 $ ' ag reborrow $ % * < " < > ' % $ > bear % $ 1.06 Int est. er The un paid princ ipa l bala ce n of sn % under the e of t di will terest at a rat e equa l to$ : * *% * K Loa $ Lin 7 Cre % in+ $ % '$ $ Q + $ % '$ $ %" ' the $ fiR%'$ $ eac K Cr % $ >+,20 the one " month >+,20 LIBOR pl* ' us 2. ) ]@ 750% * % per an un m, Ad sjuted on rst day h Li> ne of edit Month , wi th LI BOR dete mi ed rn as $ - '$ " < of 7 $ % '* $ 5 , ' '' $ on - W !" $ $ a Busi % $ $ of the of $ the $ date 7 of the % '* $ 5 respective Ad uj stme ,t n or if the the respeve cti Ad justtm ne i ' s not ess n Da y, then $ date $ Business , '" '' - W '$" $ 7 ? < ]> of " C>+,20 0 $ E : ter $ %" $ respect - W '$" $ Day immediat ly e *% preng cedi the date of the iv e Adj ustment (the BOR I NR ndexed Ra .)et" The m "Line edit Month ' % '* $ 5 % $ $ $ B "LI (7 Cr ? < "" $ < $ ' ? $ 7 the % " 7 the $ cal " $ immed each me ans the one month nning on the R7$ fifth day enadr month yateli following Closign Date, and " ' $ " $ period "" $ < * % begi < of ' '' suc ve cessi one " $ month * % per odi. 1.0 7 Required Payments¡ ruity Mat % # 0 ? $ . Date ' % i $ % '$ t$ $ Cre $ $ Jan 9 the $ fifth R day eac (a) Borrower sha ll pay nterest on he > Line of dit on uary 5,) 201 4 an d on h , %" % %< < of * < accrued B 7$ % the ' + the Maturit ? $ E " $ month after Closing ? $ Daet to y Date . ""< (b) B % un $ ' agreemen $ % The unpaid *% * princiapl bala ce n 7 of, all paid accrue d i $ % '$ nterest on , and her ch arges under this t * % ' % : * all ot % " $ I 1.08 4 $ 2. ( 7 the $ Li > $ Cr made " at any % $ $ " wi Prepay nt s.em Subjec t t$ o Section 09, #% * <" $' Prepa me tsyn of ne of edit may thout 4 $ #% " $' " < be < time C $ % < ? 9 (tB" 1 5 " with % '* $ respe t c to ne 7 of Cred ,it ' shall be d on vember 30 , 2014 he "Ma tyitu r Da .e)t" pai No * F $ the Li> 8 % $ 7 prepaym nte fee or penalty. % * ' under 7 Cred evidenced 5 by 1. ( 09 The $ Note. Loans t i wi ll be % $ % the > of $ ' agreement $ in $ Line a promissory % " $ and : " a *% " '' %< note < this 7 %" *% 5 form provided < by Lender ". ) > % (the B$ "Note C"8 0/&-0?+1& -0:+ >/ 2 /1-1:4 ART CLE I 2 = - CO VENAN ST REGARD NG I THE ANS :D/ LO >2-14 C> 0 ' 2. 01 Loan R ' Req ests u . Each be made he request er (a an Requ . ) "ets Each Loan B Q ' of * t$ " upon > / Loan > will C Borrow / > , % B "Lo I > %E' 8 Len -" $ Art Request B (a) " '$ must comply rements i of cle i 8; (b) der's option , must vedi by nder be fore 1: ; 00 pm $ requ % Q % " $' rece % 5 *$ E > % 0 Q '$ 7 % " '$ be "* < with the *" B at < Le K l+ '' Business *% " $ the $ date 7 the (California t$ " m i e) on a , ' '' Busienss ? < Day wh ich i ' s not ess tha n one r to ; and icfy , ' '' Day B 7 " $ of (c) $ " Loan > G " 'K spe ? < prio '* < B must > woul 7 % that $ Ma made " if+$ the N the the amoun t of the > Loan. 1 No Loa n wi ll be interest rate for d exceed mum xi Rate . Eac h Loan $ + $ % '$ % $ N " " 7 $ 0 E $ " $ > $ $ Loan / > > $ the $ ext N$ " Request will be i % 5 $ E rrevocable . Lender " < may * '$* postpone mak ing an y Loa n to ent > % Lender is ' dela ey d by , eart auqhke or " ! > % R% < 0 Q '$ < %$ Q ! % < fire "" > % ' $" " % another cir cum antsce outs de i Lender s ' reaso eab nl conrotl. % ' $' % "' 2. 02 7 acc - "* $ $ ' % % the + Loan Co m tation up of % ' Interest. All comp ons tat ui of rued $ % '$ interest under ts n other K ? " $' $ % than $ > Docume $ $ Loan % > Do interest $ at $ the N " " Maximum Rate , and ons putati of fees er the cuments , wil l be sis of r of K F com 7 7 ' und made " on ? " 'E "* $ $ ' all K a " % ' 0 $ $ ba ' ' the yea < % 7 <' N 360 s for al " % number of days (incl uding the t day but exclud ng i t$ he la '$ st day) ; and R%'$ 7 % the F firs B E $ *' ; all 8 day $ actu computations "* $ $ ' of < K 7 <' < elapsed i $ % ' nterest % accr ed u at ximum 0 $ Rate will be based year of er b of . Sub ect j to $ the K the " the N " " * a < % $ actual " % 7 days ' upon " num $ Ma $ respective "* 5 year <' in 4 $ < % Trip e l V ? %< Dairy 4422! S500k RLOC 3 +8 : 0>2 201 Credi t Ag er eme nt - " "" 2 89 I( "" - W '$" $ by " 7 > % $ any ; Section ) 2.05, $ % there ' is no " $ limit on $ the " $ amount that a rat e of $ % '$ inteer st ' W $ subjcet $ to Adjustment dn er may ncrease at 4 $ < one " < i $ ' < Le > % ' % " 7 '$ 7 7 $ % '$ time, % or in B the % $ aggegate r . Lender's $ %" determinatio n of a % E rate of interest will be ' 5 ' $ conclusive , absent ma infest error. " 2. 8 03 C * < -** 7 i > , , %% % $ N$ $ * %" $$ Late 6 Fee. : To the extent permitted by cabl ie Law Borrower shall pay a $ late fee n $ the " $ amount 7 of 6. \ 000% > $ < Appl $ * " when G *% 5 K of the amount of any ' sched led u payment due *% % prior $ to $ the $ % $< Maturity ? Date $ $ that i ' s not paid in full due; provided , 5 % however , " K that * <" $ $ " $ K < <' $ be : 7 " " $ fee. ( Th ' not $ $ $ ' subject ' W $ to $ a late any * <" $ paym nt e 7 % for $ the full amount then due that is " made $ within 10 days K of $' its due date shall e < > %M' /5 K ' a % ' $ $ % '* '$ $ "* ' impoistion * <" $ and payment 7 of a $ late 7 fee will $ not constitute a 5 % waiver 7 of Lender s ' $' rights with respect to an Event of ? Default as result 7 " K of that $ late * <" $ paym nt. e 2.04 9 7 /5 $ %% of $ ? + $ $ Defau t l 0 $ Rate. * Upon $ the occurrence an Event 7 of ? 7 $ Def t,lau the *% N* prncipa i l balance of $ the > ' Loans an d, to the $ > % date ? 7 $ extent permittde by App icable l Law, all $ % 2 $ ' other Obligations ' shall, 7% " from the date of an /5 $ 7 Event of Defau t l $ until the Lender 7 ' notifies > N * %" $$ < -** % all $ % '$ ? 7 $ Rate 0 $ 2 $ ' % + fu $ the $ Default Borower r that ' such /5 $ Event 7 of ? 7 $ Default ' is 5 waived % or % cured or Obgat ons li i are * paid in ll, % bear inte rest at . , 5% '$ $ $ 0 ] * * 7 < ) Subject $ to the of 4 Sec oni t 2.05, $ the C? 7 $ "Default Rate " " ' means B (a) $ with % '* $ respect to the * unpaid principa l balance of any *% 5 ' ' provisions 4 W $ $ $ ** * ' " % '* $ "G % $ $ all " Loa, n the % $ rate * % per annu m which ' is Q equal $ to $ the $ % ' otherwise app cabl i le rat e, plu s 5.) FG 000% * % per annum ; and B (b) with respcet to > demand " $ " $ * $ ? $ the $ Defa pa 7% " time " < other 2 ' Ob gatio li ,s n 000% \ * % per annum . "$ % '$ Interest * < payab e l at ult 0 $ Raet ' shall be di from to ti$ " me on , $ or i K f not 10. : $ % '$ The ' $ 7 interest. : sooner demand ,ed on the first < day 7 of each " $ E mon . ht The *% 5 ' ' provision s 7 of B ' this sec tion " < may % ' $ result in $ the "* compounding of ' % " E $ R%'$ 7 < ? 7 $ $ ' $ *% 5 ' ' provis onsi of this sec tion will not '$ $ $ contsitute a 5 % waiver of any /5 $ Event of Default . 7 $ ' 7 $ % '$ *% 5 ' 2.05 Maximum 0 $ Rate. 1 $ $ '$ Notwithstandin g any pro onviis of B ' this % " $ agreem net to $ the contr rya, (a) no int erest K will be due " " $ ) $% %< < B ' $ % that $ $ " $ $ ' % " $ > " any amount due % under thi s agre em ent $ if, % under -** App icable l Law, > % Lender is not * "" perm ttedi to charge + $ % '$ interest on amount , on < 0 $ $ "" " % $ N and B (b) in ] all $ % other ' ' cases $ % '$ interest due und er ' this % " $ agreemnet will be U calculated $ at a % $ rate K not to exceed the Ma mum xi Rate . +$ If $ a " $ any % $ pay rate % $ % $ % $ $ > % Borrower ' is % Q '$ reqetused by Lende r to interest on due un der $ ' this % " agreem ent at greater than the N " Maximum , %% % < amount < * < $ % '$ 0 $ $ N " " $ N " " $ $ " $ Rate, the " $ amount K of $ % '$ interest due on that amount will be " deemed the Maixmum Rate and all * <" $' paym nt es in N '' exces of the Maximum 0 $ $ % penalty or $ $ - amounts " $' $ $ $ l be " deemed to have be en #% * <" $' Prep ym ant se wi thout *% * <" $ prepayment fee , and not $ % '$ interest. All other than Rate wil $ 5 0 $ * $< > % 7 % $ $ $ " % % det $ % to $ $ Lend inteer st 5 which 5 are * % paid or agreed be * pa di to er for the ' E use, forbearan ,ce or ention of , %% %' Borrower's i '' ndebtedn es s to + $ % '$ $ full " '$ $ term > 7 stated > % $ ' % " $ $ %" K Lender % under this agreement ' sha, ll to $ the N$ $ extent * $ permitted by App ca iebll Law , be " %$ amortized 5 % over the of the < -** $ N " " ' $ $ Max ' + $ '' % $ 7 indebtedness , ' so $ $ that the rate of $ % '$ interset on $ accou t n K of " that $ '' indebtedn sse does not N excede the imum 0 $ Rate 7 % for so long ' as the '' indebtedness ' is $'$ outstand ng . i - * <" $' $ % " ' 7 other " + % ' $ 2.06 Method and - $ App cation li of # " $' Payments. All payment s K of *% * > principal , int erest , and amounts to be mad e $ > % + %' and " $ 5 funds ' "" $ < under $ the > Loan ? " $' Docum nts e sha ll be made to Lender in U.S. dollars in imm yde iat le available , $ without ' C setoff -, ' % $ " $ ' B $$ % $ " $ % deduc ion ,t or $ % " counterclaim , $ not $ % later $ ; than 2:00 *" pm (Californ a i time) on the $ ' dates on which those * <" $' payment s will become due (any B < " $ $ due , ' '' $ $ " $ 5 of $ ' those * <" $' payment s " made % after $ the " time on the date wi ll be deemed to have been mad e on the NB next ' succeed ngi Busi es ns *% ' ; -** $ ' 7% " the $ sa Day). - All * <" $' paymen s t % 5 received < by > % Lender B (inng, ud cli to the N$ $ extetn * $ permtted i by Applicab e l > Law, all proceeds % 5 received from el < ? < $ 2 $ ' > % : early % $ % $ $ % % < or or " $ other Q $ liquidati no 7 of the Colla eral) t will be ** applied to the Obligat onsi in < any % % order $ %" determin de < by Lender . The late date B % * %* ' ' $ paym *5 * $ * <" $ of " ! mak ngi a % % < regularly ' schedu ed l paym ent will be '$ % disregarded for purposes K of all ocating the net betwe ne pr ncipal i and 7 * <" $ ' $ +% % ' * %* ' interest. 6 % For this purp,eso the paym t ne will be trea edt as though " made on $ the $ date due. + ln any legal act oni or *% proce ng,i de the % ' $ * <" K $ < % " "$ $ their $ % Affi -7R 4 $' entries " made < by > % Lender in an account % or acc ounts mainta ned i by > % Lender % or 0 ! Raboba nk + $ % $ Intern aolatni or any iatles in $% ' < of < 7 *% " fac $ 2 $ ' "'$ an 7 " $' % accordan ce with $' its ' usual *% $ practice and 5 evidencing the Obl gati i on,s will be prima ie 5 eviden ec 7 of $ the existence d amounts of ' $ ' es 2 $ ' Obl gaio is.tn tho " ! > ' - $ I ? $ $ 2.07 Designated Account. So long ' as > % Lender ' has an y obligati no $ to make Loasn % or < any Obl igasonti under the 2 $ ' % < ' " $ > % , % shall * ' $ 'R * $ Line K of % Cret di % are unp iad % or uns atisfied , upo n $ the " ''K request 7 of Le dn ,er Borrower ma nat nii a " demand * ' detposi $ account with +7 K $ ** $ ' > 5 ' > % e ? ' "Deisgnatde Account ) " 2 in good '$ staning d. If all of the applicable cond on it si to a Loan have been 7 R fulfille , d > % Lender shall Lender (th B$ - 7 % > *$ of 7 Lender > % ma ke the Loan 5 avai ab el l to er ' as ' $ set 7 forth i+ n $ the 0 Q '$ Request for Loan by, at $ the option , (a) depo ng iits the ceeds , %% % $ pro *% ' " ! $ Borrow $ > < $ B * ' $ E $ ' $ 7 % * %* ' ' 7 an escr ' % - $G in $ the ? ' $ Design ed at Accou ;nt B (b) **Z $% '7 %% if app cable i l, transferri gn the *% ' proceeds to an $ agent desi gntade for purposse of owed $ ' %G % % % ** < *% ' Cl ' osing 7 of thi s $% ' $ transaction by wire or - D ACH tra snf;er or (e) paying % or app ng yi l the procee sd as otherwise per mitted und er this $ ' ' $ % ' * %" $$ % $ ' B * < < **% *% $ % " $E agreem ne, t by means app ropriate % under $ the % "' 'E circum tan sces . < any < " ' > % ' > % i '$ *$ , %% $ I - D # <" $' $ 2.08 ACH Payments. Borrow er $ ' auze thsior Lender to, at Le nder's opon ti in each nstance, $ $ initiate $' deb tsi to the $ K *% E* $ B ' 7 % all $ i % ' any " $ N* ' ' ? ' $ Des gnated i Account, on " the du e date, for nterest and prin ciapl pa yment , s < any fees and ex penses, and er " $' amounts - $ * <" $' < oth $ the " ' " R % ' $ aut $% 7 ' due and * < payabel by , " % Borrower $ with C '* $ respect $ to $ the > Line 7 of % $ Cred ,t i < by mea sn of omatic cle aringhouse electron c i funds < - $ $% '7 % $ ? ' $ C- cD *$ tranfser '<'$ " sysetm, by % $ direct $ debit of the Des gnat i de Accoun t, % or < by < any $ % other "" % < comm lly rci ae accepted " $ methdo (her e, aft re "ACH B % R % < $ % - D # <" $' $ ten $ '' $ <' +7 # <" $'C > % ' 5 Pay.me )ts"n Lender shall give , 5 Borrw ore not less than days not cei before begin ng i n ACH Paymne. st If > % Lender $' elects $ to 7 ' ' " + $5 $ " % - D , %% % - $ $ ' > '; inati te AC H # <" $' Paymen , st Bor rower wi ll $ % 7$ % theeraftre maintian suff cienti funds i+ n the ? ' $ Designa edt Acco un t on $ the date s Lende r en tesr $ %' % i+ % ' 7 ' * <" $' ' % AC - D debits H # <" $ Payment of + < regu yarll scheduled payment s of ntee,r st *% * pri, ncipa l and fees, if any . I+7 f $ % % there are ' 7R $ insufficie t n fund s in" $' for % % " $ ? ' $ t. the Desig ated n Account on $ the $ date > % Lender $ %' entesr any $K debit auth ize or d by this ,nte Lender " < may % 5 %' $ reverse the debi < < $ upon , %% % > % - D $ % $ * % Q '$ $ + " Borrower % ' agrees to request < by > % Lende, r N $ exec teu and 5 % delver i to Le nder an AC H # <" $ Paym nte auth zaroition i n 7 %" form and cont tne ' ' %< $ satisf tcory a to > % Lende .r : $O Tri pel V ry [) ! $500k 0>2 RLOC 201 3+8 Dai ?/1A " Credit - % " Agreement 3 90 ( <" "' $ ' $ * + this * %" $$ in $ 7 ' to $ exp > % 2.09 Prepayts mne Geenyra . ll Le dn er " < may refuse accept any epayment not yess rl permitted N*% '' < #% * <" $ & % < ( < Pr be K the irrevocable %% 5 $ $ *$ > % $ $ op > % agreement. +7 If a Pr epam y net is con tioenid upon prior cei to de, r at tion of Lender, (a) t not cei will ; $ *% % not ' * $ Len $ % " $ #% * <" $ B tha $ $ not (c) $ wi Bo '* R $ , %% %' the G $ $ notice $ date $ spec {b) a #% * <" $ Prepaymen t will be due in the am ount and on ed ifi i+ n that cei; and ll no t affect srowe ' r " $ B that B * " 5 the $ optio ' ? " $' $ wh > % sha $ date the B Q % obligation to make all 5 other * <" $' paymtsen reqiured % under t$ he > Loan Docume ts n on en du e. Lender ll have n $ $ " ! % > % und / Prepa $ due Lender " $ " $' then #% * <" 7 $ payment K of maki gn < any #% * <" $ Prepayment subject all amounts er thi$ ' s agree emnt. Each ment y of a ' W $ to * <" $ of 7 " ! $ ' *% * % this $ pr under maturity $ % of % " $ payment) portion of a > Loan " will be ** appli de in the nvese r order (ie.. to nci i apl due $ i 5 %' B the $ most " '$ remote 7 the " $ % $< B> * <" $ of 7 * %$ $ $ $ > % may * the $ Prepayme N *$ that * %" % 7 ' it $ ' agreement. +K If Lender rec ves ei any Prepayme t n which is perm ttedi to refuse , Lender ; t n except #% * <" $G > % % 5 ' #% * <" $ " < accept % " $ < $ % $ payment $ % '$ which would accrue " on the $ amount " $ prepa % Q % *% * * <" $ 7 Lender " < may, ' as a cond tioni of eptan ,ec requ re i the of interest d i through *$ 7 acc $ > % * * due *% * woul % the $ date " $ prepaid oblig $ $ *$ $ the $ principa #% * <" $ $ Prepayment the date when Lende r would taed to accept the , or l amount d be be > $ $ ' under $ ' this agreement wh chever i is % % ear ier.l % " $, 5 % % Loan $ maximum * 7 a > ex N ' " N " " *% * 2.10 Mandatory 0 " $' Repayments . I+K f $ at < any time paid pri pa nci l bal ance of ceeds the " the $ un $ $ 7 the ' * of * " , %% $ > % Bo thi $ ' amou t n thereof under $ the ter ms of s % " E agreeemt,n then dema dn by rower sh all repa y that $ $ portion $ %"' % * < B , upon $ % 7 % " $ < Lender, $ * % * E $ % '$ tha $ $ princ pali balance thereof in ex cess of t ma ximum amou , t n alo gn wi th all un paid accred u interes t on t portion . 7 tha " $ N '' $ $ $ % 7 " N " " *% * 0 $ ' $ > % $ be $ any 2.11 Inabity li to Deter m ine Rates . If+> , in oniect with n bea ingr in $ % '$ $ teest r at a rate nedi i n conn % $ to $ %" ? $ %" determ $ < Loa + 0 $ $ %" ' $ $ (a) ' in N ** > % appl who e l or in part on the bas s i of an cab e il LIBOR dex (a LIBOR Based Rate , ) " Len der determ nes i that >+,20 based % * $ ' ' B "C> ,20 , ' B United " ! K for 7 % the su " ! ** $ > $ app !' in " $ of States dollar * ' $' depos ts i are not being offered to the London terbank market icabl l e amount ch Loa , n (b) $ banks > in ' % K 77 % 4 ! ' % B >+,20 $ ** , ' Rate, % (c) $ 5% >+,20 Based **R K de " $ app adequate and reasonable " ' means do not N '$ exist for etng rmini the applicable LIBOR icable l LIBOR 0 $ or % ' Q $ B the 7 fund $ 7 > % $ Lend > % $ $ Loan > promptly ' notify Based Rate does $ not adequ tely a and lry % $ reflect the cost to er of ngi that , Le nder will $ '$ 0 ' fai Q $ < 7 % < , ' *% "* < so $ 7< the $ % '$ at $ the , ' $ app >+,20 Based " $ " " ! > bea ** Borrower . : % Thereafter , $ the obl gation i of > % Lender to ek or nnati i any ng ri interest icable l LIBOR + ma ; ma $ 7 ,2+: F, < Loan Loans > ' which all $ % ' bear $ otherwise would ** Rate ' shall be ' '* suspended unti l Le nder % 5 !/4 revokes ' such notice , and nterest at the eicab l K i+ $ ' $ $ appl > % $ 0 $ E" 7$ % ' % $ > 5 in 5 based ' ' on N ' $ by " a "* % an ind LIBOR , ' Based Rate ll accrue comparable rate ex designated it ' s sol e discret on i after $ $ ' at ' % interest 0 $ sha >+,20 < Lender , %% % notice P to Borrower . $ 8= ART CLE I 3- 2>>-:/0-> COLLATERAL -0:+ >/ 7 ; ' % $ 2 $ ' $ foll 7 the The t and * %7 %" perfo mance r of Ob igat ons l i ar % e secu ed r by ng ow :i : paymen * <" $ < the 7 t$ $ as - % " $ dated % (i) $ Sec ' of $ of 7 thi $ ' (a) all Liens in Lender crea ted under rity u Agreement he date s agreement 7 5 % of > ' % " % ! > % 4 % $< favor B the B conj $ Le $ ' 5 % W $ " " > % between Lender and r;e an d (iB i) an y ot her instrument or emtn de ivered l to nder in nction u wit h this $ % '$% " $ Borrow % agree $ , %% %G $ > % < $ % GE " % by 7 the $ ' Liens $ "Collateral; agreement , which states tha t it secures or any Obl gaions it (tB$ he property " % $ 2 ' > ', the ' % ' all *% * %$< encumbered '$ $ ' > % " $ < of < those 2 '% or $ Obligations 2 $ ' % any K the and those '$% " $' instrum tsne and set nem secur ng i all , t$ he 'Co atera ll l Documen s")t and ' < of % " $' /"" 'C $ ' agr (b) B al l ' Liens upon urity interests der any strument or nte stating % '$ $ $ % written R in '$% " $ % $ un % " " sec $ % '" created % agreem * and ' % $< < other % obl $ terms $ ' 7 + 7 this $ ' ,"" $ und l $ ' % expreyssl that it ' % ' secures all or any " portino of the i $ '' ndebtedn ss ,e iabilities or igations of er the $ $ % < 7 Borrower $ %"' of N*% '' < speci cfi agreenmt. % " $ '* N7 9= COND ART CLE I 4ONS TI I 21?+: 214 -0:+ >/ $ ini $ > %' " ! > $ mak > is ' subject 4. 01 Cond ons it i of $ the + " Initial Loan . Lend s ' er obl igation to e the ital Loan Z $ ; ' $ '7 $ of 7 ' W " to satisfaction E > 5M' *% $; Len sed'r sol e ' % $ discretion of owing condi siont precedent: " ' 7 the $ foll ' $ Loan > Doc ? " $' $ Lender (a) Borrowre has executed and 5 % deliveed r the umen st to ; and Lender has > %G ' N $ > % ' executed , %% 'K N $ this $ ' B agreement and all oth er Loan Docum nt se to ich > % Lender i ' s a Party; % " $ 2" % > ? " $' $ wh # <; $ format 5 %" > % (b) Lender ' has $ " 5 rece vedi evidce ne satisfa cto ry to Lende, r of B) (i) the on i and existen ec of $ > % N '$ 7 all Parties # ' to $ the $ ' '% $ %< B? $ any Documen ts oth er than Lender, and ept for Party that is ' an dual i, (iB i) due zation i of dividua s l Loan ? " $' author indiv 5 K the $ % $ $ % N *$ > $ > % 5 ' $ in exc < # %$< behalf K thos # $$ 'G exec uting the Loan ? " $' Document s on e Parti es; ' 7 of N R $ > (c) B **% ' ' appraisal i '* $ % * ' required > % ' $ 5 % Q $ by 7 %" content Lend er has received all s and nspect on i reports Lender, i n a for m and $ < > % $ satisfa tory c to > %; Lender; ' '7 %< (d) B Le nder ha s 5 5 receidve a Bo ng row r i Base Cert ficat;ei , %% %$ R $ , ' ' > % (e) Lendre ' has rece ivde evidence satisfactory , r that r e i ' s in comp anc li e wit h all ecab li l > % $ $ Borrow 5 , %% % > % app % 5 "* ' $ '$ %< to $ Lende ** $ B ] Environmental Law s (that evidence, the ronmenta i l I+ %" ] nformation ; ) " 5 % " / 5 " > ' $ "Env B$ K 5 E (fj B7 Lender ' has % 5 received evi dence sati sfactory to e, r that ryo approv ,lsa Pe rmits and censes > % Lend > % all ' $ ' %< regulat # %" $' 5 **% 5 $' li ' ' 5 $ %< 5 * % $ ' +'' and ' '' are % in full required % under Appli ca leb Law for % , %% %E' Borrow sr'e business opera io ns t have been issued ce and ;t -** 7 for 7 % % Q % > effec 77 $G Tr * iepl V ? %< [) VK Dairy $500k 0> +T RLOC FV 2013 Cr et di Ag reem t ne "; - " " $ 4 91 ( % $ to > % under $ > %E > ' $ Lender % $ ' $ '7 $ %< > % ' (g) Lender has % 5 received 5 evidence sat sfactory i to Lender, $ $ that the Liens granted the $ 5 Collateral B i $ % '$' * %7 $ , *% * % < $ 7 $' 7 all % $ ' 5 s t are val d i and % enfocreeabl and, upon Closing wi ll be properly perfected , and *% % prior to rights and nterests of Documen ? " $' * the $ the $ Lender > % i+ ' $ % other # %' ' Perso s,n N *$ $ ' except those %E ' rights and $ % '$' interests *$ accep ble ta to n i ' ts sol e ' % $ G discretion ; 7 $ all C * ' % the $ > > % > % (h) Lender ' has % 5 received 5 evidenc e ' $ '7 $ %< satisfactory $ to Lender , that pol cies i of i ' " nsurance % Q % required under Loan B 7 % $ ' 5 77 $ $ % $ $ ? " $' Document s are + in 7 full $ " force and effect and all *% " "' prem ums i for those * ' pol cies i have been * paid through the date % Q % required < by > %; Lend ; re % $ % , ' '' ? <' $ $ " $ ? > % Lender ' has % 5 received , $ at '$ least 5) Business Days *% % prior to the ' Closign Date, all docum netation and other (i) B C! ** " % ' % > ' % Q % info on nm ai t requ redi by ! bakn % $ %< regu atory l aut es ti hi or unde r appli ecab l "know < % your '$ " % custome r 'C laws" - $ =: '" and Ant -Terror i mis Laws, < 4- # $% $ Patriot - $; Act; $ inclding u the U.S.A. all representat ons i $ ? " $' 6 " ; d % and $% $* ' warra ties n of all Parties other $ than > % Lender in the > Loan Do cument s ar % e tr+% ue and B+ O) % *% ' $ $ ' (k) %" E K the $ ' $% ' of as Clos ngi Date, the P following ' shall be true and correct : ? $ $ $% $; correct; B! (i) B " E" G no ? Default % or /5 $ Event of Default has %% occur edr and +' is con ng inu t; i and ? 7 $ ' ' % ' $ % % ' < N '$' (iB+ )i no 5 $ event ' has %% occur edr and no $ cond tioni exists which has resu ted l in or could reason bly a be - 5 %' Effec /7 $G + $ expected $ to % ' result + in, +< individually % or in the % $ aggregate , a $ % Material Adverse ; t and N* $ %$ R $ ' **% 5 ' * ' 7 %" $ R ' (I) Lender has % 5 received all $ % other " $' docme uts,n certificates , fil ngs i , ' $' consents , approvals , legal opi nions, information > % ' B+ > % and $ % other *% $ ' preconditions % Q '$ requested < by Lender . 4.02 9 > % ' > - $ $ " ! $ cond > ' Add tiona i l Loas.n Lender's $ obligation to make each $ addit ona il Loan +' is su bject $ to the iton i pr eceden t ' W *% $ $ (a) B Section > % 4 $ G Lender ' shall % 5 receive a > 0 Q '$ Loan Request B ' (as R defined in 2.01); (b} B $ $ ' ' $ 7 %$ 4 $ 9 (c) , %% % % $% % *% ' $ d ( > % $ " $ the the foll owing '$ " "' statements are true and %% $ correct B (and Bor ower r will be " deemed $ to repre ent s t$ o Le dn er that K that on $ the ?% Drawdow n ? $ ; Date: B all of the cond tions i set forth in Sect oni $ to 4.01 5 have been and continue be ' $ 'R ; sat sfied i ; $ $% ' 7 ?% % *% ' $ ' warranti %% $ ' 7 > following ' $ " $' statements % are true and %% $ correct) as of the Drawdown ? $ ; Date: (i) representation s and se i n $ the Loan B the ? 7 $ % $ $ Documents % are $% true and %% $ correct ' as $ though " made on that G date; B (ii) no Default or /5 $ Event K of ? 7 $ Default has occurred and remains ' %% "" $' % " ' financ R 5 %' change $ > ; $ adverse % uncured % or wou d l % ' $ result 7% " from $ the additional Loan; B+ (iii) $ % there ' has been no in the al i 7 condi oni t of , %Q Borrowre or $ ' % " $ $ % ' $ $ has $ 5 ' res in $ the $ cond tioni of $ the $ % Coateral ll or < any " $ % material portion since the effetcive date of this agremen t that ulted in 27 or % ' * thereof 7 % % ' $ / G - 5 %' * " $ 7 d l % ' < reasonably be N* $ expetced to result in a $ % Ma aler ti Adve se r Effec ; t B 5 (iv) $ the unpa id *% * principa l amount of all $'$ outstand ng i Loans cou > ' $ amount " $ of 5 > ' addition $ ' Lo K that $ 7 $< > ' under " the lni e 7 of % $ credit facil ty i % under which those ans % are " maed. $ $ % together with the l a Loa n does not $ , %% % % (v) $ " N " " $ ter $ " N $ % exceed the maixmum " $ amount the eof r under the ms 7 of $ ' this ' " " "; agrem e ent ; and r e ' has % 5 rece ved i duly execut de N < B5 Borrow " $ $" E' 5 %' % ' ' 7 requir $ $ form % Q % > ' conditiona l and $ > unconditional Lien wa vers i and releases % $ $ relating to " ' mechanic s ' and mat men serial' Liens , in" the de < by 5 % wo % vendor $ rega % % " or -** ' $% $ % " $ % $% $ % $ all %! ' %5 ' Appl cabl ie Law, 7% " from each contra tor c, subcontractor , material man in each ' case, with rd to rk, services an d > $ > 7% " th $ " $ % ' " 7 % wh $ materia s l 7 % for wh chi paym nt e will be made from e *% ' proceeds 7 of the Loan % or for chi * <" $ payment ' has alre ady been " made *% % prior to < * <" $ $ the > Loan Requ e; ts and 0 Q '$; (d) B 5 received $ % " ' R ' > % $ all **% 5 'N shall have other " $' documents , certifi aes, ct filing , s ' ' consents , approv ,s l a l egal 2* ' opin osn, i Lender ' 7 %" $ % Q '$ infonm taion and $ % other *% $ ' precondition s requested < by > %E Lender. )= ,2002F/0 -0++ >/ BORROWER 0/#0/4/1:-:+214 REPRESENTATIONS ARTICLE 5) 5. 01 6% " 0 *% ' $ $ ' 7$ % the $ " ' 2 $ ' Represe .son tat in From and after date % 7 hereof an d until suc h lim e ' as all Ob igation l s have been paid 5 * in (a) B % h) < ' "* ** ' % +$' if , % Borrower is anything other than an 5 individual , it has complied $ with all applicable laws con cerning ils % warr %% ' $ " ! $ > % $ full and > % Lender ' has no $ obligation to make $ additio l a n > ' Loan,s , %% % Borrowre % *% ' $' represents and nast to Lender that: ++ $ B% ' % N '$ ' '$ org on ainzat ,i existence and the transa oni tc of +$' its ' '' business , and $' is i+ n N$'$ existenc e and good '$ standing in its state K of % $ orga iza iont an d 7 eac h '$ $ state + in whi ch it $' conducts $' its ' ''G business; 7 , %% % of * %7 %" perfor $ $ wh 5 %< (b) the N exec oni, t u de ivery l and m ance by each > Loan ? " $ Docume t n to chi it i ' s a * %$< party, ' is " wit n ih B < Borrower $ * %' 5 < $ % the powers and $ % $< authority 7 of % Borrower and 5 have been duly authori ; ze d and $ the > Loan ? " $' Docum nt se have bee n < duyl exec duet and N $ 5 % B > del vere id by each K of the Loan # %$ ' Parties $ % $ ; thereto; < (c) B -** $ $ < the > Loan ? " $' Docum nts e do $ not conflitc with any Appl cable i Law; > 5 T rip ei 5 V ? Dairy )) K $500k 0> RLOC 8 2013 Cred t i - N " " Ageement r > + 5 92 ( % " $ 7 Borr 5 ' a bi , %% % (d) each > Loan ? " $ Documen t $ to which Borrower i ' s a Party , va idl and nding agr eeme t n of ow,er legal , $ # %$< is BB % Q % $ % % when any % " $ + acco $ it+$' % ' < + ' % " enforc abl ee again ts Borrower in rda cen with s term .s and instm ruent or ag reem net requir ed the erund , re , %% % 7 % '$ en % G 5 execuedt and de vi er l ed to > % Lende, r will be similarly , va d,li bind ngi and forcea ;leb ' " % < legal $ 5 % N $ " eviden forms 7 %"' of %" $ $ % " ' '$% " "' informa 5 and er rep orts, docume ,st n instrum ts,ne noti and ce oth % * %$' ++ R '$ $ " ' (e) B all financial statem nets ]6 M + 7 %" $ C deli R5 $ > in % P $ or % circu % "'$ $ Lender concrening Borrower , the $ % Collateral, or any other fact ce ntam s (the naci al Informat , on )" i vered to B "Fin "" , % $ < $ % all mate " $ % "*+ $ $ prov *$ 5 > % % '* $' %% $ conne n o t c i with thi s agr e e m e , nt are accurat , e correct an d suffi c ientl y comp e te l in al i r respec st to dei Len der tru e an d ' 7R $ < % % $ ' " $ % " $ " $ % K "" $ accurate ! knowle ge d of ir subj ect matt r,e i $ $ ncluding , without l " $ $ m i atio ti , n all mate lari cont ngtein li $ '; ab ties i il ; " $$ % $ % ' W $ K the % $ (D B+ " % ' in ' resu % ' < % ' %% K occ expec + ther e ' has bee n no 5 $ evetn or urr ce ne wh chi has ed lt in2 or % could reaso ab nly be ed t to$ result , N* $ $ % 6 + %" $ 5 7 the *% 5 $ Fina $ $ eff $ of /77 $ - 5 %' ind dual vii or i n the agg reagte , terial Ad verse Effe ct ' since the veiect date cia nl Inf orma io nt provid ed to $ $ 5 % % $ any < Ma Lende ;r > %; of '' ' $ % ' 5 le ' 7 i $' ' (g) Borrower ' has good rketabel titl e to, a valid asehold int er st i n, all ts property st as $ $ % asse " %! " $ or ma and *% * 7< and , %% % % ' W $ Li , $" % ' > ' '' $' *% * " ' $ no Borrowe > % reflected in the Inform oni ta provided nder, and su ch ass est an d pro peres ti are subej ct to esn and r *% 5 to $ Le 6 + %" $ % $ $ Financial enj * % " undisturbed '$ % has "* complied with mat ali er obl gioatns i und re all maet rial l ' ' eases tB o wh ich it $ i ' s a pa rty and oys pea ceful and $ ' ' W <' * %$< ; all " E K possession % under ' such ' 'G leases; * '' '' (h) B favor K Len enf 7 5 % of > %E $ cr 7 % the at eral Docum nt se ar e 5 effective to eate. in de, r lega lly 5 R valid and ceab eor l security % $ % K < $ Coll ? " $' ' % $< " '; ' from B$ % ti " $ time $ " ha the $ % $ Coll > 5 ' ** such $ % '$ intees rst in ' such % $ right, ti$ $ tle and erest ea ch appl icaebl Loan Party me to ve in ateral and # < shall $ % '$' int 7 all oth $ % # %' ' N *$ ' security $ % '$' interes st % are sub ject to sn and are or i to ghts an d in+ 5 '$' teres s t of er Perso ,sn ex cept tho es ri% $' ghts and $ the riR $' Lie *% % $ no > ' % pr ' % $< ' $ interests *$ acceptalbe to > % Lender in $' its sol e disc er tio .n ' % $ ' + $ % '$' $ ' pro # " ' 5 % Co 7 the > Pa $ Le > % $ % $ $ $ Loan Eac h of es rti has peyrl del veed ir to dn er all aer lltla that / *% * % < fili 7 $ % ' auth recor % % > % % Q % reqiures perfection of sec tyuri inter sts by possess ion an d has ized or all ng and ng id by er requi re d for * '' '' 7 % the $ % '!' $ K the B ' % < % Q % ' * %7 $ < Lend < R perfeconti of $ the security inteer sts by ng i % or % % recordin ;g 7 * ' % $< $ % '$' < fil (i) B l ' $ $ % '* $ $ " N " % ' K $ ' W $ 7 any * % $ " $G Boror wer is not the sub ecj t of ment; and the er is ' no awsut,i tax claim or oth er dispute pe nding or to , %% % < Judg , %% % ' 5 $' , %% % Borrower 's knowledg e $ % $ threatend against Borrow re $ $ that, $ if "%" det nem erdi adv se re to$ Borr ow , re i ' s reaso y ab ln li ! < kely to $ have , %% % '$ % ' 5 a ! Adverse / 7 $G Effect; Material - 5 %' $ % $ , %% % % is8 Borr " 7 $ % " $ % arrang %% " $ , nor not ü) the Docunt m se do t with ower in defa ult unde r any reement or m e en t in+ $ conflic > ? " $' $ Loan < ag B $ '' % '* $ $ % $ % 7 whi effect *% 5 providing 7 % for % or rel ating to ons isen of $ cre dit % or ot her ind ebdet enss of $ any ure in" respec t of ch Borrw o er i ' + s in an y , %% % % N$ ' ' $ ext % $ $ < nat < " % manner di % $ < rectly % or $ $ < conting ntly e obligated ; $ ; has , %% % and l $ be filed % Q % N % $ "' * all R by R ' paid (k) Borrower has ed all tax returns (federa , l stae,t and o)cal requ ed ir to ' fil B7 % '$ $ , %% % < Borrower B! penalties $ % '$ and taxe , s '' ''" $' assessment , s an d gov ernm enta l charges an d l 5 ' evies $ $ theer ,on i ncluding interest ; * 'G 5 % " $ % ' $ N 'E (I) B+ Envi / 5 " $ $ > ' B Boorwer i ' s in "* compl ancei wi th all cab eli l La ws (includi g n all onm r nta el Laws) , an d t$ % here i ' s no im, K App cla -** " , % > ' '$ $ $ % agai % $ , %% % wi $ a vi , %% %' ! action, *% proceeding % or + 5 '$ $ invest oniat ig pending or to Borr owe s r' knowledge threatened stn Borrower th resp etc to ola noti of 7 % '* $ * - / 5 % " " > , %% %; > any -** Applica ble La w B " (including any vironm ntal e Law) by wer; < < En < Borro (m) no > Loan Pa rty has ated. '$ % stoer ,d used ea l sed any dou rs Ma alert i i n, on % Re 0 ' D % ' or % at $ % $ any $% $ ' tre ' or 7 the $ < Haza # %$< < of B" 7 % 5 $ ' prop esiert or fac ilities own ed or eased < by the Loan Pa rties (B N *$ except for inventories of sub tsances t hat ar e used to be used in ' '$ ' $ > # ' % % $ % 7 $ ' % l ' ' or ' " * %R ' 5 bee used the % < ord naryi course K of ' '' business $ $ of the Loa n Part ies (which esni rot have n st'$ % oer d and d was tes di sposed of 5 ' '$ ' $ > ' an '* ' 7 in # ' $' B inve $ % materlia "* compli ce na wi ll all app ica l ble Env ironme l nta Laws), and re are greround tan ks, su rface im poundm s ten or % % / 5 % " U " $ % ** the % no und $ !' ' % "* " $' > ' # ,= $ % % PC lagoon , s $ % whether * % 5 opera ve i t or tempor ari ly or rman netly cl osed, asbes ning con ios at- t mat erial . s or ngcBont - i nai eq uipm t ne ' '$ ' $ " U % ' % pe ' E Q *" $ $ "* % % < ' * %" $ < # %$ 'G > Z ' located in, on % or $ at < any K of the propertie s or esliti owned sed by n Parties ; $ Loa 7 $ ' % faci % lea $ $ *% * %$ ' or < the (n) B $ Lender 5 % " env '' ''" $ > % each $ % 5 '$ $ ' Borower r has prev ously i de veli red to ironme l ant au dit, assessmen t or invest gaton i i report n , %% % *% 5 ' < 5 $ * %$ i % prepared *% * % < * % the * '' '' % possessi on or cont rol 7 of < any > Loan Party ch 5 have been by any ring t$ he 5-)X< % year pe odir pre ngcei d the $ % *% $ 6 < whi < party * < du $ Closgin $ date % $ relating to enviro me n nalt cond on its i or compliance wi th Env rom nitaeln Laws any of prees ti or % facil ties i / 5 " $ % "* < $ pro ' > ' on 7 the ' *% * %$ ' $ ' $ 5 " % $ E own ed % or ' leased by any Loan Party; > # %$<; < < (o) B "% * %' C " K Se 4 $ K tC K $ the Borr w o re i ' s not a "fore gni person" within ng of ction 1445 he In " ternal Re vue en Co de of ; 99) of , %" $ $ meani 0 5 7 1986 (I G "* Loan Pa rty ' is eng aged *% * < principal,ly or one of 7 it $' s im porant t acti es,viit busien ss of ngi d cred it % as $ 5 $ ' in + the "* %$ $ $ ' '' ' K exten N$ % $ # %$< BQ 7 % the 7 * % ' % %%< part * %$ of 7 $ *% ' > will be % * 5* ' for purpose of purchasing or carryi gn % Margin St ock, and no the proce ds e of an y Loan d, eith er direc tly or 4 ! $ % use ' < % < % % carry whe " $ + $ < indirectly , and ht re +"" $ < immeidately , inc ideyllnta or ul """ < mately ti , (i) purchase or Marg n i Stock edn cred t i to ers $ * % ' % to % " < 4$ ! or % $ %%< % N$ $ %' $ ext $ oth B+ to % 7 i " '' $ ; su % 4$ ! % $ for $ the * %* ' purpose 7 of * " ' purcahgsin or car ng ryi Ma ngir Stock or to refund ndebtedness or na igyi ll i %% ncurred for ch pur pose ; or ) for % 7 % % %%< < ' % (ii * %* ' G B 7 the *% 5" ' 8 $ provis 0 ' an y * %* ' purpose that enstail a vi5 olation of , % or $ $ that ' is i '" $ nconsten ist wi ,ht the snio of onsgul i ta of ; " Re " ' > 7 the $ Board , $ ; < :R*+ Trip e l V Dai ry $50 0k 0>2 RLOC 20 31 8 .K )) " ? < Credit - %5 " Agrem etn $K 6 93 (8 B+ (r) %5 $ " ; no Def t l ua or /5 Event 7 of B K Default ' has occ urred an d is+4 continu g;in and ? 7 $ K (s) B) any - =: %% % '" the + vi5 > ' % i ' no > Loan Party Affiliate thereof s in olation of Terror sm - i Law s and use K the $ proceeds % any ' of " ' of < Anti # %$< or < -7R $ > 'E - $ =: %% '" $ 5 $ the > Loan < by Borrower will not violaet any Anti Terrori - ms Laws . , %% % $ < 5.02 ) , %% %E' 7 any ' " '' " , ' Cert , Base %$ 7 $ % * - % $ Information Accurate and Comp ete.l Borrower' s submi sion s of fica e,it report , < Borrowing + 7 %" $ % operations the $ condition $ or % otherwise Borrower 7% " time $ " to * " , %% $ * % $ ' $ % ' record, certificate % or $ % other "$ %" inform tion a pertaining to , R financ al i or , of , from $ % % %$ R $ " , %% % that % *% ' $ $ "* by $ $ the ti$ " me, whethe r % or not requ redi under s % " $ agreem nt , e wi ll be deem de accompanied on i by % thi $ $ ' + $ % $ B Q % < a representat < Borrower $ condition $ the " $ % mater $ or % '* $' as ' to % operat report, % % % record or inform oni ta is "* $ comeplte and 5 $ accurate + in all al i respects onsi of 7 Borrower , , % (and ' * % $ ' $ %" B % * %$ % other % pri " " " ' % %' members *% * ' $ $ if ** appli e, ab cl Borrower's 4 ' % ' Subsidiari , s e Affiliates , * %' partn,esr shareho ders,l , or ncipa s), l including , without -"$ $ , %% %M' ' " to + st " $ % fac + $ $ make " ! the $ information 7 %" $ '$ $ lm i itation , all material $ $ continge nt " % ' litiaeibils and does $ not omit ate any t nec essary to '' %< " $ % < material + " $ " ' $ % conta ed in ther ein misl ae ding . $ +K -0:+ >/ ,2002F/0 CO 2 /1-1:4 ART CLE I 6 -= BORROWER VANTS NE > ' " ! addit to make onail Loans: $ $ ' $ " ' 2 $ ' 5 * + 7 ' > % ' Unt l i such time as all Ob igati l sno have been paid in full in cash and Lender has no obl igaon ti ' shall $'$ and , %% % 5 ' not $ incu % % cont $ ' % $ $ 6.01 Ot her ? $ Debt. Bor rowre sh all hav e no outstanding r any direct or ingent liabil es it i or 2$ % < % $ $ following $ % ' 7 if not *% under > $ Loan N *$ % the K ot %' leas e obl igations , or guaanty r of the ^ $ ' lai itibies l of K other , s excep t the heserwi prohibited $ ' $ ' % % %" trade -7R $ 'G % < % $ " % than $% cred K more $ 90 > % $ Lend ( day * '$ due Documents : (a) liab litieis and obliga osn i t to er or any of 7 i $' ts Affi iates l ; (b) t i not s past ' "" $'; <' B nonnal B8 " ' individual ' an i 5 $ 5 $ % 7 $ $' 7 % pri *% ' or being $ '$ contested in good th < by **7 *% " appropriate proceedings ; (c) , additiona l debt s as ndua divil for mar ly i *% " % < fai B if an $ purp 7 % the 7 purchasing * % ' equipment + %% $ the $ ordina Q *" $ ' %' consumer * %* ' 'G purpsoes; (d) lease obl gation i s or % de bt incurr de for soe of used in ry cou rse * %* ' % %< ' " % B ' $ ' $ date % ' K obl $ ' N '$ the $ of thi $ ' disclosed ' ' in the $ most " '$ recent % $ B of ' ''G business ; and (e) $ % other l $ ' iabilit es i and igations in existenc e on s transac iont and > % financ la i statement submitted to re. R '$ $ " $ ' " $$ $ Lend +7 7 N 'K any '' " % the 6. 02 Otehr > ' Liens. , %% % Borrowre shall ,e assume or ' 77 % suffer to ens on , ti" tel or interests in % $ rights ' not > ' $ creat $ exist % $' % % '$' I U % < Li > ' > + fav 7 Le ? " $'; its propert , y except the followgin if not otherwise prohibitde under the Loa n Docume ts : n (a) sn in or of nder or y of s > % 7 5 % % an 7 it ' B8 Lie < '$ $ * %' '' $' 7 % > ' tha " ' an Affiates il ; (b) indiv dual i, add tional i Lien s agai stn the personal asse st of t i 5 ndivid alu as n, divialdu to sec ure deb t for $ i 5 $ -7R $ '; 5 ' " $ B if an 7 % taxes > ' $ N ' $ primarily con sumer purposes; and (e) s for not ye t du e. < K * %* ' 'G ' " % *% " % < B Lien $' *% * %$< N *$ $ B $ $ % ' *% $ % $ K ) ' or % $% '7 % any 6.03 Sale 7 of -'' $' Assets. Borrower ess n or asset, owing if $ not , %% 5 shall ) 8 ' not E sell % transfer '" '' N *$ the $ foll 7 $ '' $ except < busi the % transf 7 inventory $ ord > ? " $'; $% '7 %' $ Loan ' ' or %' 7 business ' '' and (b) ' ' otherwise *% $ prohibited < by the Doc:me sut n (a) res of nary i cou rse of 5' $ %< in " 5 ' % %< B sales B sales + %' 7 ' ''E or transfers of ' $ % obsolete or wo rn " out *% * < proprty e, in the of business . % % '7 %' 7 % $ ordinary % %< course $ foll $ the P + 5 '$" $' N *$ K " ! " ext , %% % 6.04 Investments . Bor rower sh all not make Inv estments except the ow ngi to ent not ' + 5 '$" $' N$ 9 $ otherwise $ % ' * % to $ of % " $ prohibited < by $ the Loan Dom cu ent :s (a) estments made this agr e ment and disclos ed to roved by the $ date "' ' $ ' **% 5 + 5 ' " $' > ? " $'; *$ " prior and app B8 Inv < (c) + cert 7 depos + 5 '$" $' $ 4 ' + $ '; %$ R $ ' " 7 the Lender + in writing ; (b) Investnt mse in cu rent Suari bsies id; and estmen ts in ficates i of , t i obliga sio nt of ' * ' % $ federal > % % % $ ; B + 5 '$" ' B Inv ' % ' " %! $ government , % or % < read ly i marketabl e sec urities . 5 % " 6.05 ) " ! 7 Loans to Oteh rs. , % Borrower sh all not e ' loans to hers except he foll owing to etn not > ' $ 2$ %' ' $ mak $ ot $ %' N *$ t$ $ the $ ext N$ $ K otherwise $ % ' credit " *% % to $ the $ $ this $ ' agreeme di ' ' $ and N$ ' ' of pro ted ibhi by Docum nts e: (a) e prior date of nt and sclosed to % $ mad % " *% $ $ Loan > ? " $'; B) extensions < the % " $ apprvoed < by > % Lender in wrignti on fore the da et of 7 thi s agr eem net (b) nsion s of edit to esdia i ri an d (c) % be $ $ ' N$ ' ' 4 ' % ' 7 % $ $ % $ or cr %% $ Subs **% 5 $ current B exte B E' % $ ' 7% " the ' % 5 N$ " ' % $ the ] $ % $' % 5 $ sale ' or extensions of 7 cr edit in nature K of acc ounts rece ivable or notes receivab e l arisi gn from ase of cesi in $ goods ' %5 ' ' or % serv % le $ % Affilia the ord nary i course business $ to * %' ' persons oth er " than fam ly i " " %' members , Subsid esar ,i i and es. t F ' 4 '" ' %' of $ " < '" '' $ 6.[ 06 Books and % ' Records. Borrower shall maintaih cause ea ch of it s Subs diari ise to n i proper s " $ and 4 ' % ' , %% % ' ' " $ *% * % book !' $ mainta , !' $ tran of record and acco unt including full , tr+" E ue, and corre tc en rties of all dea ing ls and sac ns oti relat ngi to ir busin ses and $% ' % 7 " % 'K ' % ' ' $ % $ 7 $' and the ' '' $ its act etivi si. 5 ' 6.07 7 % ' to > %; Report ng i Requ rements i . Borrow re shall er: ' furnish $ Lend 0 5 " " R "M , %% " % (a) B ) <' 7$ % , ' $ $ 25 no $ % later than days aft er the end K of ea ch month Borrowing Ba se Certificat e curr ent as $ %% $ ' of K the " $ , a , %% B K end of K that (b) B 7 month + receivab no $ % later tha n ) 25 day s afte r the of each , a de tailde ag ngi of $ the se l owned rower, by $ % $ $ end " $ " 5 ' by <' , %% % < Bo ?< (e) * % other communicati * ' $ ' "" $ ' % +*> promptly upo n rece p, t i cop esi K of all not ces i , order s, or s no regard ng i (iB+ ) any ment e 5 %' *% "*$ < + % % " < enforc month; " G < % Q % ' requi invoice K or a ' "" %< summary aging by accou t n $ % debtor, as red by nder; > %G + 5 < Le B $ % $ $ M ' $ $ $ env act oni by < any & 5 % " $ Governm ntal e Author ty i relat ngi to health, safety , the ornment, i or zardous Ma seria t l wi th reg rad to 5 % " % any - $ % < D % ' ' 7 $< % % F $ < < Ha , %% % ' " , %% % $ 5 $ ' Borrow s re' property, activities , or oper on , asi t or (ii ) < any cla mi '$ against Bo rrower rega ng rdi Ha zarsoud Mat s;reial % $ D $ ' K * 5 ' % $ % 'G *% * %$< B; 7 $ " %% 9 (d) notice of the occ urce enr of < any K of $ the following , pro mp ly,t bu t i" n any t no r than ve days er such $ 5 $ late $ % 7$ % $ fiR5 + ' *% "*$ < ' <' aft < even B $ % " occur en rc:e (i) any , t tax mi % or oth er '* $ dispute if+K fiR ed l or denet agaitsn Borrow re in un t gr % $ % eaert than % threa " an ' $ N cla ' $ % $ %% ; $ " $ , %% % amo < lawsui B Trip el V Dairy $500 k 0>2 RLOC 201 3 8 ? %< [) ! : Cred t i Ag eeme r tn %; - % " 7 94 (9 $100 00 000 ;, . (i)i < any ' '$ substant lia dispute $ between Borrower and < any & 5 % " $ Governmental - $ % $<; Authority ; B(iii) failure < by , %% % Borrower $ to $ % '* $ , %% % ) B $ thé $ % Adv - 5 %' /77 comlpy with the terms and *% ' ' provision s of this agreem ent; (iv) < any Material esre Effect ' as to , %% %; Borrow ;er B5 (v) < any change in $ ' % " $G $ %"' "* < B+5 , %% %E' N 5 7R Borrow sr'e name, legal '$% $ % structure, place 7 of ' '' business , or 7 chief executive office % or 7 % federal " " $ ide cat on tnifi number ; % or B5 (vi) the 0 ' Re easl e % " $; * " > ' of any D % ' Hazardous Mater als i on $ the *% * %$< proprety K of < any > Loan # %$< Party % or 5 $ viol ation of < any / 5 % " $ Environmenta l Laws < by < any > Loan # %$ % ' Lender's request, all other books , records, '$ $ " $' statents me, lists K of ""< proprety and accounts , $ % !' '$' "' % Q '$ * *% "*$ < B budge s,t forecas s,t reports, records % or $ % other %" $ * %$ information pertaining $ to $ the condition % or * % $ ' operations 7 of , %% % Borrower % Q '$ requseedt by $' 7 % '$' % * %$' % % ' < Lende.r > E 6.08 I Ma ntenance i of -'' $' Assets. , %% % Borrowre shall " $ ma nnta ii and *% ' preserve all % $' rights, *% 5 ' privilgees, $ $ intellec ualt proprety ' $ 7 *% * %$< rights and fra nchises Borrower now ' has % or $ % later Q % 'G acqiures; and " ! maek < any % * %' repairs, % G renewa s, l or % * " $' replacnt m ees to ! * keep , %% %E' Borrower' s % $ $' 6% ' ' , %% % properti es in good wo rking $ cond tioni. *% * %$ ' %! +' <$ 6.09 Existence and & Good 4$ Standing. ++ If , %% % Borrw oer is anything $ % other $ than an 5 individua , l , %% % Borrwer o shall *% ' %5 preserv e ' ( /N '$ W ' and " $ maintain its N '$ existecn e and good '$ standing in $ the juri sdiction 7 of +$' its $ %" $ formati , no and Q < qua ifyl and % " remian Q R qualified to $ conduct $' its $ $' business in each W % ' $ juri on ctids in ' which such Q R $ qual fication i is % Q % requ red i. ' ' '' 4$% $ % , %% % 6. 10 Change in , ' '' Business % or 2% $ Orgnazi taional Structure . Borrower ' shall $ not engage in < any " $ % mateilra line $ of " buness si substnalatily different 7% " from those lines 7 of ' '' busin ss e condu edtc by , " % Borrowe r and $' its 4 ' % ' Suari bsi es id on $ the date % 7 hereof % or ' ' 77 % $ ' '' ' '$ $ < < $ , %% % busienss ' '$ $ < % $ subtsnally ati related or $ $ % $ G incidenlat thereto; and $ if / $% % Borrow re ' is <$ anything $ % other tha n an 5 ind du vi, i al Borrower ' shall $ not any ' '' % < N $ ' $ $ 4 ' %< $ > % 7 $ $ (a) for m % or $ % ' otherwise acqu re i any 4 ' %< Subsid ary,i unless that Subsid ary i executes and 5 %' delivesr to Lender a % $< guara ytn of all of the '' " Q $% < B Obga lisonti and all % other + '$% " $' instrum ntes and % " $' agreem nest requ redi by > % Lender; K or B (b) " % merge, '' 5 dive sso,l liquidate, ' $ conso adte li with % or % Q % Q $ 2 $ ' < into $ % another # %' % Pesr, on or '* ' dispose 7 of B $ % (whetehr in one $% ' $ transaction or in a ' % ' series 7 of $% ' $ ' transa )snotci all % or ' ' E < subs allyit an all 7 of $' its '' $' assets C % $ {whether now owned % or % 7$ % hereafter Q"% acqu red)i to % or in P 5 % favor K of < any # %' Person. $ B $ % "" 6.11 ' Compli cena with > 'G Laws: # %" $' Penn its. , % Borrw oer shall "* < comply in all % '* $' respecst F1 with all -** Ap cab iepll Laws and * < pay > ' $ "* % before Q < delinqu y,cne all $ N ' taxes, '' ''" $' assess , nt sem and 5 % " $ government al charges "* ' imposed * upon Borrow re % or $ ' its *% * %$< proprty e. Each > Loan # < Party % ' / 7 % $ '' %< shall obtain and " $ maintian in 7 full 7 % force and E effect and "*$< com ylp in all " % material % '* ' respcest wiht all neces rays Pe ts rmi and 5 "" K governm nte # ' ' app .sova r l **% 5 ' 6.12 Inson pecis. t Borrowe r ' E shall, $ at < any % ' reasonab e l time and 7% " $ " from time $ to " time, * %" $ permit > % Lender % or < any of $' its $ " , %% % + ' ' agents % or represe ta tive ns to N " exa ne mi and " ! maek * ' copies 7 of an d '$% $' abstracts 7% " from $ the % % ' records !' and books K of, and 5 ' $ visit $ *% * %$ ' the prop esrtie % *% ' $ $ 5 ' $' $ ' , % of, , %% % Borrower and discuss the 77 %' affa rs, i R ' finances, and $' accounts K of , %% % Borrow r e with B 7 (if Borr owre is $ % other tha n an 5 K individual) R $' office,rs to $ $ ' '' 7 , %% % ' dir eor ,cts partse,nr or " %' managers % or , %% % Boror wer, ' as ** G appli e; cab l Borrow 'sr e indepe t nned accountants ; and < any $ % other * %' person dea inlg + * $ $ $'G K * %' % $ %' wit h , %% % Borower. + 6.13 ) 8 Insuranc .e + ' % * (a) Borrower ' shall " $ maintain, or ' cause $ to be " $ ma nentadi, pub ci l $< liability ' % ; insurce na; all % '! risk *% * %$< property " damage , %% $ % B insuar nce ? + +44 pol cies i cove ing r tang ible *% * < property "*% ' comprgisin the Collaet ral for + the 7 full ' % $R 5 insur eabl valeu on a % *+ " $ rep acement l cost ' '; bas s; i 7 % '$ $ % $ 5 ' % %! %'M ' workes'r "* ' $ compe sa ionnt insuce ran as % Q reqiured < by G law; and ' such addition l a ' % insurce na as % Q % requ redi by > % Lender "" from " tm i e $ to $ " time. ' % ' < % > (b) All * ' poes cili of + ' % insurance % Q % requ redi under the n ? " $' Docum nt se must be '' issued < by "* ' com ies nap approved by - 7 $ Loa " '$ **% 5 < B N* % $ Lender, and mu st be *$ accep eablt to > % ' Lened r as $ to " $' amoun ts, 7 %"' form, s % '! risk 5 % ' cove ages r , exp raotini dates, and '' loss * < paeyabl and > $ ' " '$ $ $ 7 $ cance onatill pro onsvis with $ ' ded bles ctui of a " N " " max mum i of [ $1000 , on all $ % Colla alret which ' is 5 $ %< invtenory, equipm nt.e and $ % other *% 5 ' ' $ Q *" $ + tang ebl i pesralon propert .y ln $ add on,iti each $ Q % req reiud policy " '$ must '$ * $ stpiateul that 5 % coverage will $ not be can led cel or " ' dim nised hi $ $ * %' $ % * < *% * % Lender and $ $ ' " % witohut disclaimer of $ the ' % % ' insurer's $< lai bility for ure l to *% 5 provide % $ $ F $ $ $ ' such ce;i contain a 6 5'E First > '' # < Loss Payable / %' " $ Endorse ent m and < any $ % other %' " "' endor tssneme as > % Lendre " < may % Q % requ er i and " '$ must " name ' not $ $ G Ledn er ' as an $ additi alno insured and loss * < payee ' so $ $ that all *% ' proceeds $ of ' such *% * %$< property % or ' $< cas ty alu insruce an shall be * < payab e l $ to ' % ' > % '' + ' % Lender $ to $ N$ $ the exte tn K of $' its % '* $ 5 respect ve i interest. $ % '$ > % % 7 % $ ' (e) Borrower % ' agrees $ to 5 % deliver $ to > % Lender, on or befoer the Clos ngi Date, 5 evidecne of $ % Q % the requ redi insruance ' as ' % ? " 7 , %% % B prov dedi herein, $ with an 5 effect ve i date on $ or $ ' before $ the ' Closgin ? $ Date. +7 If , %% % Borrower 7 ' fails $ to *% 5 provide < any % Q % requ redi insuce nra or 7 ' faisl % % ' % *$ 5 $ to 2 ++E+ / conti ue n any % Q % reqired u insurance in 7 % force, > % Lender " < may do ' so $ at , % ' Borrower s ' expe se n. At $ the opti on 7 of > $ Ledn ,er , %" % Borrow re shall ' % N* ' $ -$ *$ ' < %"E" %' * reimbusr e Lende,r on " deman,d the '$ cost 7 of < any ' such ' % insur ce na paid < by > % %' Lenedr or shall be added $ to $ the 2 $ ' Obligation. s $ > % BORROWER - .12F>/?&/4 ACKONWL EDGES THAT +6 IF >/1?/0 LENEDR 42 SO # 0 D-4/4 PURC ASES H ANY 0/U +0/? REQU RED I INSURA CE N , THE INSURA CE N WILL ,2002F/0 :D-: :D/ +14 0-1 / F+>> +14 0-1 / -1A # -&-+14: ?- -&/ :2 AN -1 - 2 1: #02 +?/ PROVI ED >+ +:/? LIMITED #02:/ :+21 PROTECT ON I AGAINST #DA4 -> PHYS CALI DAMAGE :2 TO :D/ THE 2>>-:/0-> COLLAT ERAL , UP TO AMOUN T /U -> EQUAL TO :2 26 :D/ >/44/0 :D/ 1#-+? :D/ 2,>+&-:+214 LESSER 6 OF B (1) TH E UNPAID ,->-1 / BALAC NE OF THE OBLIGA , SNOTI EXCLUDI NG -1A ANY 1/-01/? UNEARNED FIN AC NE CHARGES , THE /L > ?+1& 6+1-1 / D-0&/4; :D/ OR B (2) TH E -> / VAUE L OF :D/ THE 2>>-:/0->G COLATERAL ; HOWEVER , ,2002F/0 4 BORROWER S ' EQ TYUI IN TH E 2>>-:/0-> COLLATERAL -A MAY 12: NOT ,/ BE :D/ 26 /U +:A 20 D2F/ /0 +1 +1 INSURED . IN -??+:+21 ADDIT ON,I THE +14 0-1 / INSURANCE -A MAY 12: NOT #02 +?/ PROVIDE -1A ANY # ,>+ PUBCLI >+-,+>+:A LIAB LITY I OR #02#/0:A PROPERTY ?- -&/ DAMAGE 20 +14 0/? :D/ -1A 6+1-1 +-> 26 INDEMN O FICAT N I AND -A MAY 12: NOT //: MEET TH E 0/U +0/ /1:4 REQUIR EMENTS OF ANY FINANC AL I RESPONSIB TYILI LAWS. :D/ 0/4#214+,+>+:A +1?/ 1+6+ -:+21 >-F4 -1? :% * T ripei E V ? < Da ryi 8)"O $50k ""; RLOC 8 8 2013 Cr edit - % " $ Ager enm et % $ 8 - 95 () _, ---· - ·----·· - · ·-··· > % , %% % (d) For * %* ' purpose of ' % insuranc e 5 % covreage on $ the $ % Co lateral l , Borrower % ' author zes i Lender $ to *% 5 provide $ to < any # %' Person 6 % B all Information > % Lender "' deems **% *% $ appropriate , $ % whether % % $ regarding the $ % Collatera , l $ the > Loan % or $ % other R financial "" $ ' accommodations , % or ? " both. %" % 6.14 9 -%" Arms' > $ Length ? Dealing. , %% % Borrower ' shall $ not $ % enter $ into < any transaction of < any ! $ kind with < any 7 " < family " " % member , $% ' $ 7 Subsidiary % or -7R $ Affi ateli, whether % or $ not in $ % %< the ord nary i course 7 of ' '' businss e, other than with * % prior % $$ written $ notice to Lender and on 7 % fair $ % $ $ $ > % %' $ % 4 ' %< and % ' reaos nable $ %"' terms ' '$ $ < substant ylal i as $ 5 % favorab e l $ to , %% % ' Borrower as would be + obtainable < by , %$ Borrower $ at $ the $ " time in a "* % comparable ' %" ' arm s ' $ length $% ' $ transaction $ with a # %' Person $ % other $ than a $ " < fam ly i " " % member , 4 ' %< Subsidiary % or -7R $ Affiliate. 6.15 Use $ of the Loans. , %% % Borrower ' shall $ not ' use $ the > ' Loans B8 (a) $ % for * %' personal , 7 " < family % or ' household * %* ' ' purposes , % or B (b) $ to > ' ' ) purchase % or %%< carry $ Margin 4$ ! Stock % or $ to "5 ' invest in $ % other # %' ' Persons 7 % for $ the * %* ' purpose 7 of %%< carrying % Marg n i 4$ ! Stock % or $ to % reduce % or % $E retire < any * % ' indebdet ness incurred 7 % for $ $ that * %* ' purpose. %$ $ '' 6.16 ERISA # ' Plans. , %% % Borrower ' shall *% "*$ < promptly * < pay and ' cause all 4 ' % ' Subsidia iesr to * < pay % ' contr butions i adequate to % meet $ Q $ /0+4- not '' less $ than the " " " min mum i funding '$ % ' standard s % under /0+4- ERISA $ with % '* $ respcet $ to each and every # ; Plan; " file each annual requir de report % * %$ % Q 5 %< + $ to be fil ed * %' $ purusant $ to /0+4- ERISA in $ conne oni tc with each # Plan $ for each year; and $ 7< notify > % Lender within $ ten <' days 7 + following $ the < %E R $ 7 occurren ce of < any 0 * Reportabl e /5 $ Event B $ that " $ might '$ $ $ contsitute % ' grounds 7 % for $ %" terminati no of < any * $ cap alt i # Plan < by $ the # ' Pension , " Benefit $ Guaranty %* % $ Corporation % or B % for $ the ** $" $ appointment < by $ the **% *% $ appropriat e $ United 4$ $ ' Statse ? '" District %$ Court 7 of a tru ee st to " '$ % admin steri any Plan. " < # & % $< "ERI,+4-] SA' means the Employee 0 $ % " $ Reiremen t t Income 4 % $< Security - $ Act K of ( 99 1974, ' as " amended 7% " from $ " time $ " to time. " ' $ /"* < + " C 6 ' '$' 6.17 Legal Fees: Costs. , %% % Borrow re ' shall * < pay the following: (a) '$' costs, N* ' ' expenses and > Legal 6 ' Fees * pa di % or %% incur edr $ 7 ; B in conn ction e with any amendment s, modificat ons i or waivrs e of the proviions s of the Loan Documents ; (b) costs, expen es s and 7 Legal 6 ' Fees * % padi or %% incurred in " connection $ with $ the $ collection % or % " enforc ment e of $ the > Loan ? " $' Docum ,nest whether % or $ not ' $ suit ' is R G filed; $ % > (c) ' ' coss,t N* ' ' expenses and > Legal 6 ' Fees * paid % or + %% incurrde in $ connec on i t with < any + ' 5 < Insolvency #% Proceeding + 5 5 involving a " claim % under $ the B $ Loan ? " $'; Document ;s (d) '$' costs 7 of ' $ suit and su ch ' " sum ' as the may W ' adjudge as > Legal 6 ' Fees in < any act on i to 7 5 enforce * <" $ paymnt e 7 of $ the ' $ %$ " < $ court > B Notes or < any * %$ % $G part thereo;f and B (e) '$' costs, N* ' ' expe se ns and > Legal 6 ' Fees + %% incurrde $ to *% $ $ protect $ the ' liens and ' % $< security + $ % '$' interests % under $ the 1 ' Collaalter Docum . nt se $ % ? " $' $ < " " $' " R $ ' % 5 %' 7 $ *% 5 ' ' K $ > ? " $'G B '$' N* ' ' 6.18 Other - $' Acts. * Upon % Q '$ reque t s < by > % Lender, , %" % Borrower ' shall * % $ cooper eat wi th > % Lendre 7 % for $ the * $* ' ' purposes 7 of, and $ 2$ % I perform all $' acts which " < may be '' %< necessary % or 5 ' adviabl se to 'K ' estab sh,i l perfect @ % and/or " $ % monitor < any > Lien % $ granted % under $ ' this 5 " $ agreement * $ $ * % %" X or the $ % Collateral ? " $' Documents . % or $ to %%< carry $ $ out the $ $ intent 7 of $ the > Loan ? " $' Docum .st ne % $ ARTICLE 7 d · / /1:4 EVENTS 26 ?/6- >: OF DEFAULT -1? AND 0/ /?+/4 REMED ES I -0:+ >/ 7 .01 Events 7 of ? $ Default. : The 7 foll ngowi each F will be an 5 $ event of default % undre $"' this % " $ agreenm et (an C/5 $ "Event of K $ /5 $' B ? 7 $C ; Default ): " B (a) ' any * <" $ payment % Q % requirde % under $ the > Loan ? " $' Document s is $ not " made within 1 O <' days 7$ % after $ the $ date when ; due; $ < (b) B ) the 6 Financial + 7 %" $ % Informat on i or < any % *% ' $ $ represe io nnatt or wa rranty in $ the > Loan ? " $' Docum enst is " $ % < + %% $ % mayteriall incorretc or %% $< % $ mislegdian when " made % or *% 5 G provided ; " ' (c) Borrower does $ not B+ (i) * < pay B % (or ' cause * <" $ paymnet 7 of) all taxes of , %% % Borrow r e % or '' '' assesse d on $ the $ % Collaeral t prior to $ N ' *% % $ , %% % ' B the date when Q $; delinqu nt e; (ii) " $ ma ntain i (or caues to be " $ mainenta d)i all * ' poli esci of ' % insuce rna required % under $ the > Loan ? " $' Docum nts e K + % Q % $ " B % ' B and * < pay B % (or ' cause * <" $ payment 7 of) all *% " "' premium s 7 % for $ $ that ' % insurce na on % or *% " prior to $ the date when G due; (iii) " $ maint ina the $ % Colltaeral B % (or $ cause $ the % Collaterla to be mainta ned) i in good $ condit oni and % * % repai,r all in % acco da ce rn with $ the $ %"' terms and condit ions 7 of the Loan $ ' $ > $ ' " $ Docum ; nt se or 7 5 (iv) * %" perform when % Q % required % under < any 5 $ % cove nant under $ ' this % " $ agreem ent. % ? " $'G B (d) the death K of B+ (i) < any , %% % Borrower who ' is an individu , l a B (ii) if , %% % Borrower ' is a * %$ %' * partn p, i hres any % genearl partner 7 of $ $ that < * % $ B partn iphesr who is an 5 individual , % or B (iii) 7 if , %% % Borrower ' is $ the $% '$ trustee % under a $% '$ truts N acting in $ $ that * $< capacity, < any i 5 $% ' % ndu div lai truster % under * $'"* ' the $% '$; tru;st $ B (e) a change in the Q $< equity $ % '$ inteer st 7 of , %% $G Borrw oer ; (D % the filin g 7 of < any $ N tax lien '$ agatisn , %% % Borrowe , r < any " " % member or % genealr partner of , %% %E Borrow ,re or '$ against any 7 of $ the % * %$ % $ 7 < B7 Coalltelar and the ' " same ' is $ not ' % discharge d K of % % record $ within 8 30 <' days 7$ % after $ the date R ; filed; $ % $ (g) an + ' 5 < Ins ve olcy n Proceedgin ' is $ initia edt by , %% %G Borrowe ; r % or < + ' < any Insolevcy n Proceed gin $ initiated '$ agai stn , %% % Borrower #% #% < B( by % another # %' Pesr on ' is not ' % discarg hed within 60 <' days afte r R filing; $ 7$ % < (h) Borower or < any 4 ' %< Sub ary isid of , %% % Borrower ' is % or " ' becom es ' W $ subject $ to a Jud gm nt e or " $'; Judgme : nst (i) 7 $ for $ the " " % 7 % , %% % B B % paymnte of " < money in an % $ aggegate r amount B ' (as to all ' such " $' Judgmenst or % %' ordes)r excee ing d $50 00, 0. which % are $ not "5 " covered 7 " N C 8) E * <" $ by * " indepe nde nt thirdp-arty insurcane as $ to which the ' % K insurre ' does $ '* $ not disptue coverage , or B (ii) $ $ that 5 have, % or could $ ' < reasonabl y be 5 % $ % =* %$< ' % ' < /77 $ expec edt to have, 5 < ind vidi ually or in the % $ aggega r,et a Material Adv ese r Effect and, + in $ % eiteh r ' case, B- (A) K % " $ enfoceme r nt proceedings - 5 %' $ 5 $ N* $ *% ' :% * 8 Tripl e V ?/F Da ryi )) EB S500k 0 RLOC 2013 Credit Agreeme t n % C - % " 9 96 ( % "" are commenced < by < any 5 % credi ort upon < any ' " $ such Judgment , % or B, (B) $ % there +' is a * % period $ of $ ten ' $ 5 consecuive t days during wh chi a stay of * <' '$ < 7 % " $ ' enforceme t n of < any suc h " $ Judgment, < by + ' reason 7 of * ** a pend ngi appeal % or $ % ' othse erw , i is not in 77 $G effect; ' (i) any C/5 $ "Event 7 of ? 7 $C Defaul t' as is R defined in the Loan ? " $' Documents $ % other than this % " $ agreemen t wh chi is $ not $ > ' that " ' ' $ ' $ $ term < B cured $ witihn < any ** appcab eli l cure % or % grace * % G per odi; % % % * %" $ %" K U) any 7 $ deftaul in $ the * <" $ payment or performance 7 of a ter m % or $ cond iton i of < any % $ creidt $ " $ agreemen , t note, ' $ $< securi yt $ < BW agreeme ,t n mortgage , deed K of $% '$ trust, deed to ' % secure $ debt, % or $ ; other % " $ agreemen t or '$% " $ instrme ut n evidenc ngi or ' % securi gn any $ % other % 5 " $ " 5 < indebtedness , liab ties li i or $ ' obligatio sn of , %% % Borrower to > % Lender % or < any Affi iates l of > %; Lender; $ ' % 7 -7R $ ' '' (k) B! any $ % Material - 5 %' Adverse /77 $ Effect ' as $ to , %% %G Borower; < B+ (I) any /0+4- ERISA /5 $; Event; < (m) B% 7 % for " $ more th" an $ ten <' days $ % after $ notice 7% " from > % Lender, Borrower is in B K defa ltu % under < any B %" tenrn, 5 $ covaennt or $ cond on it i , %% % ' ; (n) B $ % for " % more than " of CJ+' this % " $ agreement $ not *% 5 ' < preyviousl described in ' this 4 $ Section 7.01 , wh chi can be % cured < by $ the * <" payment K of a ' " sum 7 of " <; mony;e 7 ' % " 8 , %% % 30 <' days 7$ % after $ notice 7% " from > % Lender, Borrower i+' s + in 7 $ default % under any term, 5 $ coveannt or " cond tioni % < $ %" "" % " $ ' % $ $ agreement $ not *% 5 ' < prev ous yi l describe d in $ ' this 4 $ Section G 7 .O 1; *% 5 prov ded i that B if (i) it ' is % ' < reaso ably n certain $ $ that $ the 7 $ defau t l $ cannot %$ K of this $ be % cured < by , %% % Borrower $ with n i "" that 8 < 30 day * % period and B (ii) , %% % Borrow r e ' has "" commenced % curing $ $ that 7 $ default $ $ $ within that 8 30 < day * % period and $ % 7$ % therearfte diligentl y and N* $ ' < exp ous y editil proced es to % cure $ $ that defau ,t l then that 8 30 < day * % period F+++ will N$ be extended 7 % for ' so long ' as $ $ $ $ < *% ' $ reaably osn required < by , %% % Borrow r e in $ the N % ' exercise K of due diligence to cure $ $ 7 $ that default, * up $ to a " N " " max mm ui of ( 90 <' days 7$ % after $ the % Q % $ % 7 % ' < not cei $ to , %% % Borrow r e K of $ the /5 $ Evetn ? $ G of Defa;ult and $ (o) any > Loan ? " $ Docume t n ' ' ceaess $ to be " in full $ " force and 77 $ effect % or ' is % decla edr void < by a & 5 % " $ K Governmenta l Auhority t or 5 < % - $ % $< B % % party thereto ' shal " cla mi ' such $ % $< unenforceabi ty li or 5 < inva idity, l or < any ' % $< secrity u interest in $ the $ % Collatera l % $ creaed t by the Collatera l any * %$< $ % $ $ % '$ $ $ % < < ' % $ ? " $' $ $ Docu st enm shall 7 fail % or ' cease to be, % or ' shall be '' %$ asserted in writ ngi that $ it +' is $ not, a 5 valid and * %7 $ perfecte d ' % < security $ % '$ interest + in the sec es, it i ru asse st % *% * %$ ' or properties covered ; '' $' ' % $ ' 5 $ thereby $ % <; 0 " ' 7. 02 Remedies . * Upon $ the %% occurre cen and % $ dur ngi the continuation 7 of a ? 7 $ Defau t. l Lender s ' $ obligaon ti to " ! make > %' $ 7 %% K ' %' " $' disbursm e ents of > Loan *% ' procee sd ' shall abat.e * Upon the occrurence of an /5 $ Event 7 of ? Det,falu > % Lender " <; may: B (a) $ $ without not ice to $ $ Borrowe , r decline Loan Reqest u s; (b) % declare < any and all 2 $ ' Ob igat ons l i due and * < pay e,abl without *% ' $" $ presentment , $ not cei 7 of $ $ intent $ to > 0 Q '$'; $ $ , %% % B % % $ % acce eraetl or $ notice of % acc eratio le , n demand , *% $ '$ proest t or 7 %$ % further $ notice 7 of < any ! kind, all of which % N*% '' < are express y l 5 wa vei d < by , %% $G Borro; w re " 7 and B (c) N % ' exe secir all % other ri% $' ghts and remed sie % afforded to Ledn er % under $ the > Loan ? " $' Docum ntse or -** App ecab li l Law % or in Q $ % % > except that * upon an $ actual % or " deemed $%< entry 7 of an % % order 7 % for % relief $ with respec t $ to / %% ; Borower % or < any 7 of ' its 4 ' % ' Subsidiaries in < any % '* $ N * Inso vecnl y Proceedi ,g n (i) < any $ obl gatio i n of > % Lender $ to " ! make addit olna i Loans ' shall $ " $ < automatica y ll be term ed at in and B (i)i all 7 + ' 5 < #% " > ' $ %" $ B ' 2 ' Ob igat ons l i sha ll $ " $ < automatically " become due and * < payab e, l without *% ' $" $ presnetment , demand , *% $ '$ protest % or < any $ notice K of < any ! kind, all of " 7 5 are express y l wai ved < by , %% % Borower. which % N*% '' < ART CLE I 8 = · 12:+ /4 NOTICES I -0:+ >/ X - All % Q '$' reques , s t $ ' notic,es **% 5 ' approvals , ' $' consents , and $ % other "" $ ' commu ications n between $ the # %$ ' Parties B $ 5 < (coective ll,y l "Not ces" i) $ 1 ' % %"' $ ' under $ the terms and conditions of the > Loan ? " !' Documen s t must be in % $ writing and mai edl or 5 % delivered $ to $ the % '' address '* R specified in $ that " '$ % " > % Loan ? " $ Document , or $ to $ the % '' address ' $ des gnat i ed by < any # %$< Party in a $ notice B to $ the $ % # '; other Parti ;se and in $ the ' case of < any $ % other # %' Pers, on < to the $ '' ' $ adder ss designated by tha t # %' Pesor n in a notice to Borow re and > % Lender. - All 1 $ ' Notices will be " deemed $ to be 5 given % or " made $ $ , %% % $ $ < * 7 B $ upon $ the % % ea ier rl to % occur of (a) $ actual % *$ receipt < by $ the $ intend de % * $ recipient % or B (b) B (i) 7 if 5 % delivered < by hand % or < by courier , * upon 5 % % ' and $ % other "" $ ' commun s icati no to Lend er sh all $ not be 5 effec vei t until " < actually % 5 received < by > % Lender. , %% % Borrow re % Q 'E' requsest that > 5 Lendre $ $ $ *$ % < accept, and > % Lendre " % Lender " < may be % % recorded < by > % Lender, and each # %$< Party ' $' consents $ to ' such % % recording . -0:+ >/ ART CLE I 9 = - &/1/0-> GENERAL ?/6+1+A+214 DEONS, FIN TI I ACCOUNT NG I MATIER$ AND DRAFTING 21 /1:+214 CONV ONS NT EI ( - 2 1:+1& -::/04 -1? ?0-6:+1& ? 7 : %"' ( %"' $ ' ' $ 9.01 Def ned i Term . s * $ Capi zealidt terms R defined in this section % are ' used in $ ' this % " $ agree t nm e as so defined. Except ' ' R /N *$ ' as $ % ' otherwise R definde in $ ' this % " $ agreement, % or '' unless $ the $ N$ context $ % ' otherwise % Q % ' requir , se each $" term $ that ' is ' used in thsi ' % " agreem nte whi hc ;) ' % is 7 defined in -%$ Article ( 9 ' of the UCC ' shall 5 have " the " me ngina ascr bedi to $ $ that %" term in -%$ Article ( 9 K of $ the UCC. $ + * Trip e l V 8F Daryi $500k 0>?& RLOC 2013 8 [) ! % ] Cred t i - " Ager em nte 10 +2 97 ( C- ' C - '$ "Ad ust"j means B to % ' % increesa or % ' G decree; as "Adju "edt s measn increasde or dec eased r ; and - '$" ^ 'Adju tm nt se" mea sn an % " ' % ' " ' " ' % ' G increase 7 or % ' decer ase. % ' C- E '$" $ ? $ C "Adjustm nte Date" " ' means each $ date on F which $ the % $ rate of $ % '$ intere ts on a >+,20 LIBOR + N Indexed 0 $ > Rate Loan ' is % or " < may be Adjusted < by > $ Lender * %' pursuant $ to $ ' this % " $ agreement. - W '$ C-7R $ C " ' % $ $ "Affiliate" 7 of a # %' Person which ' is <$ anything $ % other than an 5 individu l a means another # %' Peron s that % $ < dire,yctl or % $ < ind rectly i $ % through one % or " % more $ %" % ' intermediaries, $% ' Controls % or +; is $% Cont ollrde by % or ' is % under "" common Control F $ with $ the # %' Person speci ed. fi $ % '* N < $ % Patriot Act, (b) any 7 of the foreing '' $' asse st $% control % $ ' regulation s of the United 4- # $% $ - $ K $ B < > ' ]-" =: %% % '" "Anti-Terror mis Laws" " mean B (a) $ the U.S.A. Subtitle ,B, * $ Chapter V, ' as " amend d) e or < any enangbli legislation or N ! 5 execuive t order ' $ % % % #0 4 $ $ States :% ' %< Treasury ? * % " Departm nte (31 C.F.R , . 4K ' B8 % $ + E relatng i there o,t and B (e) < any $ % other ' laws % $ $ relating to $ %% % '" terrorism % or " < monye % launder ng. i C- * "Appl cable i Law" > " ' % ' 7 means all N '$ existing and 7 $ % future ' % %' laws, orders, % ' ordin ces na, rules and % $ ' regulons tai of % or < by a & 5 5 " Governme lta n Authority; except $ $ that in $ %" determining the N " " Maximum 0 $ Rate, -** Appli abl ce Law ' $ shall " mean $ ' those ' laws, % %' orders, % ' ordinaces n, rules and N *$ - % % ' regulation s in $ effect ' as K of " the $ date % 7 hereof % or 7 if $ % there ' is a change in -** Applic ebla Law whchi (a) * %" $' per tsmi Lendre to charge % ' interest on % ' > > % + % B8 amou tsn which > % Lender would $ not $ % ' otherwis e be * %" $$ permitted $ to % charge $ % ' inteer, st or B (b) % ' ' increases the * %" '' permiss eibl rate $ of $ % '$ interts, then " $' % $ % $ $ $ the new -** Applica leb Law ' as 7 of $' its R R5 effective $ E daet. > C ], % $ 0 ' %5 " ' "Board" measn the Bo ard 7 of & 5 % %' Governors of $ the 6 % Federal Reserve Systm e of " the United 4 ' Statse 7 of -" % Ameri . ac , % 7 4<'$ " ^, %% %] "Borrower " shall 5 have $ the me aning '* R speci edfi in the *% " prem a ble of this agreemnt. ' ' % " $ " ,2 2F+DU 'Borrowin g Base " E Cert ficate i ' means a %$ R $ certific tea in a 7 %" form *$ acceble pta to > %E Ledn e,r property comple edt and 7 cert fied i by $ " ' / ' "*$ *% * % < < $ , %% % B % Borrower , for * %* ' ' purposes $ of $ calc ngi uatl the 0 Borrowing , ' Base, $ $ % together with all ' ** %$ supporting " $ $ docum netaion t requir de by > E Lend . re $ % Q < C, ' '' 'Business ? ' Laws 7 of the State 7 of 7 % Californ , ia or % are in 7 fact ' closed in $ the 4$ $ State of 7 % Califor. ni a K C ' ^ " ' $ "Closing" measn (a) $ the ! " $ acknowl ement ed g by > % Lendre $ $ that all $ ' conditions *% $ prece nedt to $ the + $ initial > Loan % are ' $ 'R satised fi or % < B waived in " accord ce na with B ' this % " $ agrent m e, or B (b) $ the $ initila > Loan ' is " made, which eve r is %E ear eri . l 5 $ 5 % % ' C ' "Closing ? $ C Date" " ' means C ' the $ date of the Closing. $ ' ] C "Code" means $ the " Internal 0 5 Revenue Code K of (I 1986, ' as " amended 7% " from $ " time $ to time . " ' C" C ""KC 7 "Control ' of a # %' Person wh ich ' is <$ % anything other than an 5 individual " ' measn the power $ to dir ect $ the " " $ manage ntem and $ * % % $ 7 policies 7 of $ $ that # %' Person, directly % or % $ < indiretcly, wh ether $ % through $ the %' * own p ersh i of 5 voting ' $" ' secur es,i it by $ K contratc % or $ % ' otherwise , and $ the * ' $ % % $ < < terms C % E "controll g"n i and C $% C "controlled " have " ' meaning s %% $ 5 corrleative to the fore going . $ %"' 5 7 % $ ]? $ $^ " ' "Defaul "t mea sn any 5 $ event K or + condition which, $ with the * '' passage of $ " time % or the giving of notice % or $ E both, wou ld "" $ con tusteit K 7 < $ 5 an /5 K Event 7 of De fault. ? 7 $ ? C C?% "Draw wodn Daet" measn in $ the ' case of < any > Loa, n $ the date on wh chi that Loan ' is " made. " ' " $ > > C / 5$" " 'Environntal m e Law" " ' means all -** Appliacble Laws $ $ % $ that relaet $ to B (a) the prev, neoti abatem nt e or " $ elimin ion ta of * $ pollution , > ' *5 5 $ " $ % 7 % or " the *% $ $ protec niot of $ the 5 % " $ environm nt,e natural % ' % ' resou ces r (including waet r 5 * % vapo, r ' %7 surface % waetr and ' ' %7 subsruface waert, surface and 7 $ % $ % B $ %E ' %7 ' ' %7 7 subsurface land, % air, Q R aqautic life, $ widlil fe, vegeta ion t, and < any $ % other $ biota) % or " humna $ healht (to $ N$ $ the extent % $ relat ng i to exposuer to 5 $ $ N* ' % $ B$ % D % ' $ % 'O Hazard suo Mate s)ia , lr or $ % natural ' % resource dama es g, and B (b) $ the ' use, % $ generatio ,n handling, treatmen, t stoar ge, Re ease l , " ' $% $" $ '$ % 0 ' % $% '* %$ $ + $ " $ tran pos rtat nio or % $ regu at oni l of, % or N* ' % exposuer to, D % ' Hazardou s Mateiral s, including the "*% ' 5 Co vem ispre neh Enrovinmlenat Respo es n $ % ' 7 $ / 5 % " $ 0 '* ' "* ' $ Compe satio nn and > $< Liability Act , 9 42 4 U.S.C. ee §§ () 9601 $ el ' Q^ seq., the Endnagere d Spec es i Act, 16 4 U.S.C. §§ )8 1531 $ el ' Q seq. $ the 4 Solid $ / % - $ 4* ' - ee F '$ - $ Waste ? '* ' Disposal Act , ' as " amende by the 0 ' $ Reos urce ' %5 $ Cosnervation and 0 5 %< Recovery - $ Ac,t 9 42 4 U.S.C. §§ 6901 (K et ' seq., $ the Clean - % Air - Act, < ee ( 9 $ 42 ) U.CS.. §§ 7401 et seq Clean F $ % Water - $ Act, 88 33 4 U.S.C. ee §§ ) 1251 K el ' Q seq., $ the Toxic Substaces n Control Act . §§ ' Q ., the : N 4 '$ ' ) U.S.C $ - , 15 ee 9 ee $ ' Q # 2601 et seq., $ the /" % < Emerge ycn Planning and "" $< Community 0 $ Right $ to . Know - $ Act, 9 42 4 U.S.C. ee §§ 110 1 $ el ' Q seq , . the Caprey-Pres ente - rl $ %* $ %d#% '+ <= : % Tanner D % ' 4 '$ - $ Hazardou s Subsce tna Account - Act BD $ (Health 3 & 4 7 $< Safety Code e )8 §2530 $ et ' Q seq ,) . $ the D % ' Haza surd o Was et % K Control > Law BR (Health 3 & F '$ F $ % 4 + $< - $ Safety Code e ) §25 0 1 $ et 'Q seq,.) $ the 4 7 Safe ?% ! Drin ing k Water and : N Tox c i / 7 % " $ Enforc ntem e Act 7 of (I 1986 BD $ (Healht & 4 < Safety Code e ) 9() §252 5 49 2. et I $ 4 '$ ' - $ seq ,) . $ the % % Undergro und 4$ % Storaeg K of D % ' Hazard suo Substces an Act BD $ (Health 3 & 4 7 $< Safety Code ) ) I §25280 $ et ' Q seq.) and the # %$ %= Portog e-rCo nl ' Water U $< Quaty li Control Act (Water Code ) 8 §13100 $ et ' Q seq.). F $ % $% - $ BF $ % E ' C/0+4- -7R $ C " ' % 'ER SA I Affilie"at means < any $% trade % or ' '' business (whetehr or $ %* % $ not incorp tae)dro th,at % togeth re $ with < any > Loan # %$< Party, ' is B $ $ $ $ % ' ' % * %* ' ' treated as a sin egl empleryo under 4 $ Secon ti 9 9B 41b4{) or B (c) of $ the Code, %E or, ' < solely for purpose s % of 4 $ Sec oni t 302 7 of /0+4- ER SAI and "* < % % 8 4 $ 9 Secon ti 41 2 of $ the Code, 88 is $% $ treated ' as a ' single "* < % % employer under 4 $ Section 9 9B 414(b, ) (c), B" (m) % or B (o) 7 of $ the Code. B E Tri epl V ? < Da ryi [) ! $500k 0>2 RLOC 88 201 3 Credit - 5 " Agrem e net U C 11 98 (I 5 $] /5 $^ ]B * ^/0+4- ' /0+4- or $ 4 $ R % the "ERISA Event " " ' means (a) occurren ec of rta ble eve nt" as defi ned in Sec tion 404 (c) 3 of 7 ERISA " %% any 9 98I; < "repo B the *" ' bee $ 8 = < $ respect $ 30 5 $ those $ ' 5 $' ' to wh $ '* to$ a regulations issued $ % % thereunder , $ % other than events as ich the dya noti ce pe riod has n wa ived, with % $ ' '' 9 or '$ % ' under % Sec 4 $ % 430 98 of 7 $ or % standards " " " Plan; any 7 % failure by the ** applicable minimum funding tion 412 the Code # to $ satisfy # ; (b) ' $ '7< $ < Plan < any B < K $ 4 $ % Se * 5' 4 $ R pur $ filing Section I 302 or 303 7 of /0+4- ERISA, $ % whether or ; (c) sunt a t$ o Se ctino 412( )c of the Co de or ctino 302 (c) of K % 8 8 $ waived 5 G % not 4 $ 9 B 8 B B the $ ma 7 % $ fai $ $ any " ! $' due '$ % ERISA of an application waiver of the minimum g sta ndrad with % '* $ respect to Pla,n the ure l to ke by " " " fundin $ B % a 7 ** $ for 5 % < 6 " /0+4- < its $ any % the % Q % $ failure $ make 7 % to " ! any 7 $ $ % '* $ date a % Q $ requir de '$ " $ installm t ne und er 4 Section 4300) the Cod e with resep ct to an or ed r $ % < Pl# < requi 98 B of C $ ri% '!C % is expect N* $ $ be '$ $ ' (as R in contribution to a $ "* < % Mult employer i Plan; B (d) a determin tion a that an i ' s, or ed to , i n "at sk" status $ $ $ $ any B ' defined $% $ # G < Pl# % any > Pa %% $ incu /0+4- 7 any -7R $ # $$< Section 8 8 ] 303(i)()4 of ERISA % or Secti on 430(i)( ) 4 K of the de;) (e) rrce en by rty or A Affi ate il of /0+4- 4 $ $ Co < ERIS 4 $ < Loan < E < any 98 B B9 B the > $ % * # G $ %"" % any /0+4- liaty bili under : $ Title + IV of ERISA with respect to ina ion t of $ any an; (B D the receipt by n Party the # $$< or $ term % 7 /0+4- $ % '* $ < Pl < ERISA $< < Loa < any 7 in + $ $ %"$ % $ " ' % $ % $ % a pl* $ an $ termin Aff liate i from the # ' Pens on i Benefit & % $< Guaranty Co rporation or an adm srat tor ini of any ce rel ating to tention to tea %* "$ , R$ -7R $ 7% " $ < noti % con 5 K $ 7 any $ ' < reasonab # $ %% any # Plan or appoint a trust ee to adm nister i any Plan , or % the occurr ce ne of nt or tiodin wh ich could y l be % to $ ** $ $% '$ $ " '$ % < eve < < E5' % the $ app 7 % the ** $" $ 7 a tru $% '$ adm " ' % $ %" $ of # ; $ expected ; to '$ $ $ constitut e % ' grounds unde r /0+4- ERISA for , or iontmen t of este to nier st, i any ; (g) % $ termination < Plan N* $ B( $ the $ wi $ % * %$ withdrawal $ respec 7% " $ % from % '* % partial 7 the incurrence by any Loa n Party or any ERISA Affi atlies of any liaity bil with t to thdrw ala or -7R $ ' < "< > $ %% # %$< 9 < /0+4- < < % an 7 any % the /0g4- % *$ -7 Z $ E $ rec > any # Plan % or "* < % Multiemployer Plan; pt by an Party y ERI SA Affi iaet l of ice, or eipt by any % *$ # %$< or $ recei < < not # G (h) < Lo < any < < < B the > E$ < or -7R $ 7 Withdrawal $ im +"* ' $ /0+4- $% Liability % Multiemployer Plan any Loan or any ISA Affili eat of any ce, % " concerning the poistion of # from 7% " < > Party < noti $ "* < % # %$< % < ER $ be, $ the " % % '$ $ ' 4 N* $ Se $ mea a determination $ $ that a Multiemploye r Plan , % or is eedct to n criti cal or K end gere an d status , within ngi n of ction i+ # is ' ' exp "* < % " $ meani 7 Sec 4 $ 9( ) of 7 the $ Code or % $% ' $ *% $ B $ 305 K of /0+4-G ERISA; B (i) the nce e of a N "*$ none empt x prohibit de tra nsonacti (wi thin the g n of onti 4975 K $ occurr 8 ) " % $ % ' + mater " any % O) %% Section 406 ERISA) wh chi could % ' < reasoynabl be expected to result in la i li "< atybi il to ; or 9 of N* $ > Party $ occurrence # %$ "* < % of any event % $ or condition wi th % '* $ respcet to a Plan ltiemploye r Plan pect to h any an Party s l ! < ki ely to + # %$< i+' < Lo $ % 5 K < other $ %' " ord in the nary i cour s.e incur " material "< liability $ othre than + + % $ $ $< % ot '$ $ or & 5 "" $ % gov 5 % " $ $ % * " ' 5 ' - $ % $<^ 'Gov rnmen e al t Aut horit 'y me " ' ans < any $ nation or ernmen t, any hre poca litil subdiv sioni the er of, any , % < < agency < state % oth authority , + '$% " $ < insrumentality t , regulatory , %$ court, " '$$ $ 5 admini tra evsti tri$% bunal, central er ent ity exer cising executiv ,e $% bank N % ' N 5 $ % ! or $ $< % $ %< body $ $< < * 7 $ ' 5 "" * %' " ' % $ 5 legislative , W judi alc,i taxing, % %< % regulatory or administrativ e pow ers % or fun tocsni of $ or % pe rtainin g to gov ernm nt .e $ N ' $ 5 C$ N C $ % ^ ^D % ' '$ $ $ ' " ' ' $ % $ ' '$ ' "to " ' any "Hazardous Ma et rial" means ce, " $ % % mataleri or wast e that is or % bec om se desi gnated $ or regul taed as xic," < substan ^ '$ C C % ' C ' $ % ' " % "ha zardous ," "caustic,' * $ $ ^ "pollutant ," % or ^ $ " $] "contaminant " % or a sim lari desig on ntia or regul ontai und er any / 5 % " $ Law > or % % $ K could < Environmental shall ' al $ $ limitation / 5 % " $ ' reasonably be ed to liability und re < any Env iro me nl nat Law , and so in E clude, without , asb estos i n % ' '$ ' " " E N* $ $ lead to $ $< > % ' < expect " $ 'E any 7 %" form $ $ that is or could reasonably be N* $ expectde to become friable or beos st containing earl,si polychl rina o te d byph neyls $ mat ' % % ' < $ " % as ' '$ ' * < % <* < ' < ' and expl % radi $ % % $ 5 N* ' 5 or % radon gas, PCB, s * $% " petroleum , petroleum product , s nat rual gas osiev or oac tiv e sub tsances and ead. l E ' '$ ' % * $% " *% $' ' # ,' C #% ] 7 a Pers K a recei $ ' 5 < ** $" $ # %' E % 5 % "Insolv cy ne Proc ng"ee id me ans the insocy lvne of o,n $ the appointme nt of , rev truste ,e custodian , " ' '$ ' 5 $% '$ # %' ' ass # ' B % the '' " $ ssquato ss r, tr conservato r or si' " % lar mi offic al i of any sr'son propert . y an gnm i ent by n for en fit of $ be ' %5 $ % 7 a Pe R$ ' Q '$% " 7R" % *% * %$< * of < part < a Perso 7 6 % % + 5 $ %< "" " % $ Federa % any $ % credito , rs K or the involunt rya commen ceme t n of any proceed gin un der the l Ba nkrupt yc Co de or re , !$ * < " voluntary < oth 5 $ %< or %' < *% = * Q $ % liqu 7 a Perso bankruptcy % or + ' 5 < inso vecnly law, by or agains t a Pe rson, incl ngdui the ndin up-g or onidai t of .n $ wi # %' # %' "'K !% *$ < < % C ? whi ' "Interest Payment Date' means e on hc reg ularly schedu ed l payme snt of 7 in $ % '$ terest ar % e du e. % % < " ' a dat $ % ' # <" $ * <" K' $ LIB >+,20 C $ % '$ * % 0 $ > "" date > "Interest # ] Period" " ' measn wi th resp ect to OR I+ N ndexed Ra et Loa ,n eac h pe riod comm icng ne on t Lo an is ' tha % '* $ $ $ $ $ a the - W '$" $ ? $ N d resp ' recal % $ or $ the app icable l rate culated , until the nex t Adj ustme tn Date or % , if earl eri, the veeci t Matur ty i Dat e. made % % '* 5 ** ? $ " % $ % $ is ""< 7 % inv % $ "Investment " means , any ect or recti acqui onitis or me estnt by ch Pe sr o,n wheth re by 5 ' % 7 % $ % ind Q ' $ ' + 5 ' " $ ' ' to # %' # %' $ any " ', as < dir < Person < su < $ % % oth ' % $ ' K ' ! or $ % 7 * $ $ * % ' # %' " ' Q '" loan 5 % measn of B (a) the purchase or other acqui onit i s of capal it stock er sec itesuri of an otehr Person, (b) , ad vace n or E B a % ot Q '" an capital con ribut t nio to, % $ guaran ee t or onimupt of de bt of, or K pur chase or her acquisi onti of y oth er debt uity $ % $ K * % ' * $ % ass $ $ or $ eq "% '' "*$ $ Q $< < W $ % joi * %' * 5 "$ % '$ % + $ % '$ K ' # ' partionci pa ti or intees r t in, an other Person, includi gn any ship r or nt ven teur interes t i" n su ch oth er Pe rson and * %$ * $ $ # %' any < partne < K such ' ot $ % arra nm negt pursuant to which $ the 5 '$ % investor gua ran ees t i $ '' ndebted ess n of her Pe sr on, or rchase or her # %' ot * % ' $ $ ' $ ; (c) $ pu $ % * %' $ %% "Q" B the Q ' asse $ % $ '' ' # %' acquisition B+ (in one tran asction or a serie s of tra nsacons) ti of st of K ano he tr Pe sr on tha t con situt te a bu sien ss unit ; pro ded vi, ' % ' % ' '' % ' $ ' ' % ' $G " $ am " $ K any ' be the + 5 '$" $ $ amo that for purposes of 7 cov anet com ance pli, nt ou of estment shall un t ac tulaly in+ 5 '$ vested , wi ht out % * %* ' ' "* the 5 $ " $ $ $ < Inv " < K ' In+ 5 '$" $ 5 valu adjustm nte for subseqent u increases or % ' ' decreases i n the e of 7 such ves ment. t + % ' ' % W '" $ ; ' ' Q $ ^ " ] % rul% K 'Ju dgme nt " mea sn a judg m nt e, ord e, r writ , W $ injuctnon i, decree , or e of an y cou rt, arb rat or ti, or vernml neat % % E & 5 % " $ " ' %$ % 5 % % % % Go W " $ < Auth ori.ty - $ % $< C 'Legal 6 'C Fee"s " ' means any and all cou , nels att orn , ye * % para ega ll and w cle kr fees d dis burse m ne,ts inclu ding , but la% ' $ $ ' an %! % < ' %' " $' $ not < limited $ to 7 ' fees and ' %' " $' disburse nt m es at , trila tri a,l ** $ appellate , ' % %< discre ona ti ry rev ewi , or er le 5 ve , l inc urred or id by 5 5N $ K % any B% E * *% $% %% " $ the $ pre % pa < oth < Lender in % 7$ draft ngi and nego iatingt the Loa n ? " Docum ents , closing $ the t$% ' $ ' ransons acti cont em ate pld her eby, an d prote gcnti and ' $ "* > % $ > *% $ $ % < enfor gicn its ri% $' ghts and $ % '$' interesst und er $ the > Loan Doc uments . $' % ? " $' 7 % C> %E K this ' agreement * " "Lender' sh all hav e the meangin '* R specied fi in t he pream ebl of and an y successo s r and ass gns i of ' % " 7 any $ " '' ' 5 ' ''"' < < of 7 i+ ) ts righ st and $ ' obliga sonti un der t$ ' hsi % " $ agreeme nt. % !' Tr" iple V5 ? 5< Dairy [) $500k RLO C 8 2013 " $ " " " Credit Agreement B4" 12 99 (( ,-------------- --------------------- X "E C> ,20C , " % # $ % $ + $ % '$ 7 % any >#. (the # 7 + $ % '$ "LIBOR " " G mean ,s for erest Per odi, the rate of inter tse ** % appearing on Bloomberg L.P ) Page B$ "Service" < Int % ' ' ' '' % ,/- USD 4? Do ? % > % $ Service $ or % 4 %5 BBAM1/(0fficial BBA ar ll Libor 6 N ' Fixings) (or on any success r o or substitute * page of , or any su ccessor to ,/- @B27R K the < ' '' % " < B % *% 5 on "* % $ ' cu such ' page %% < % $ $ those 7 the $ Serv subtsitute for Service *% 5 providing rat e Q $ $ ' quotation s comp erab al to rrently provided ce,i sel ected ' $ B % the $ 4 %5 * of 4 %5 ' '$ $ $ * ' $' +" % '$ " $ % $ ' applicable K int ** to Q $ ' by > % Lender 7% " from tim e to time for % * %* ' ' purposes 7 of *% 5 providing quotation s of est r rates dollar depos ts i in t n equal $ " $ $ " $ % an amou Q < ; 7 % dollar $ > time % depo $ app ' the rat $ a * ' ' > **% N " $ < " to the in P the > Londno 5 ! interbank mark e) t at roxmat lyie 11 :00 a. " m., London , as e for stsi with " %! $ $ Loan Adjusted - W '$ $% " $ tim > %' $ " $ $ * % ; *% 5 $ $ > ,20 $ " to maturity "* % compar ebla to the ** applicable $% K contratc per iod; provid e, d that LIBOR may from time e i n Lender s ' " $ % $< " < be $ % regulatory other ' % K rese '' ''" " * ' $ '$' % $ %< costs % $ ' and ' % $ % ' %5 discretion for rve % Q % " $' requir tsm ,ne depo sit insura nce asse ssmnte rates . ]>+,20 > C $ LIBOR >+,20 Ind 0 + N $ ' $ $' " ' > "LIBOR + N Indexed 0 $ Raet Loa "n me ans a Lo an which bea rs int est r at the exed Ra te. ] C * ' $ '' " $ *% 5 " % li " ' % %% " $ "Lien" mea sn an y " % mortgage, pledge, assignm nt ,e dep osit arr angement , pr ivileg, e en cumbr nc e, a en (st atutory or * B'$ $ $ %< < K other the *% 7 % $ $ % security % pre $% " in $ % of 7 a security $ % '$ nature K other) , charge , % or pre fe ence r , prio ytri or inteerst or fernetial arrangement eerst of *% 7 % *% % $< % ' % $< int ' % $< + $ % '$ $ % % oth % $ $ F 7 way % any ! kind % or na ut er $' 5 % whast oeve r (includin g < any con tion di al sal e or er titl e retenti no agr eement , any easement , right $ % ' $ % % " $V B % $ of < ' " $ < or < 5 ' '$ $ < R " " other " % encumbr cena on $ $ title to l pr*% * < operty, d an y fin acning le ' ase having subst ally ntai the c i effe ct as $ % ' any $ same ' " econom $ rea 7 the an < < of foregoing) . 7 % C> $ % $ % % " ' and " ' " 1 ? " $' all ] oth "Loan ? " $'] Docum "ntse mea sn this agreeme , nt the Note, "' the Coll etaral Documents , and re agreements C]) % " $ % secu ' % $ Loans * %* ' ' of 7 5 > ' % Q % instrum tsne require d < by > % Lender B % for purposes evidcieng n or ing r the . '$% " $' ]> # "M , %% % % % K a security "Loan Pa rty" " ' means, 5 < indiv lalyid u an d $ 5 < collyecti , l ev Borrow er and ntor of terest in llatera l. a gra the C ' Co ' $< in+ $ % '$ $ % li ]> '' '] "Losses" " ' mea sn < any an d all "' claims, suit ,s ' $' $ ' B 5 " '$% $ ' $ ' *% 'E liabilities (including , without limitation , strict liaitie bil ,s) actios,n proceedings , N* ' ' R ' * $ ' '' ' $ ' debt 7 ' % ' " obliga tio ns , ,s dam ages , losses, '$' costs, exp senes, fines, pe alti·en s, cha ge,sr fees , Judgm nts e, awards , amounts " $' paid " $' + ' * in " ' $ 5 % $ % 6 ' ' " K settlement 7 of what eve r ki! nd % or natur e (iB+ ncluding > Legal Fees . ) " ' '' 'Maring 4$ !] Stock" sh all have nin g ass gned i t$ o su ch term on ati l U. $ %" in 0 $ $ mea " ' Regu 5 the /R me % 5 ' % "'$ ' C $ % ' B of 7 circ (a) ' or K cou " ' "Mateilra Adv se re Effect" nas any umstan es c or events which d l reasonab y l be - 5 %' expected N* $ to $ % ' < < set B has % 7 % $< % < % remedy have materlia adv se er effec t as $ to the enfoty cr eabi il or any % $ right or nde r under nte or > % Le > Docum $ validity 5 %' 5 $< or 5 any $ ' % any % % " < of ? " " < Loan < " $ % % cou ** $ appl # %' G any mater al i term or conditi no the rein aga inst the cable i Per son; {b) is or d l % ' < reasonably be expected to $ %" % '$ $ % " % $ and N* $ $ be material < " $ % B 8 " $ % prop * % $ ' ** + advers e to the finan cl ia $ cond tio, ni busiens asse ts, ope onat,isr or rety 7 $ of the appl cabl ie Person ng udi any l 5 %' $ $ R '" '' '' $' # %' , incl *% * %$< < materia +"* %' % cou expec N* $ $ mat "* % K the port oni of $ the Collater ; al % or (e) maeria t lly im rspai or dl reaso banly be ted to alerlyi impa r i the abi $< lity of bl ea % ' < $ % ** $ applic * % " $ R < B " $ % < # %' $ Ob 2 $ ' Person t$ o * % perform the iga l on ti. s , $ ] % ] N " " "Mm ax um i Rate" mea sn that rate per num whic , h un der Appl ica bel Law , may ed wi thout sub jecting Le nder * % an -** " % $ $ " ' charg $ $ % $ > E ' W $ > % " < be > %E' $ Loa % > ' a % ' $ + excess ? " $' to civil % or % " criminal $< liabi y,tli or limiting Lende 'sr riR "' ghts un der the n Docu m tsne as result of mum % " $ being in 7 the $ maxi " N " " N '' of $ $ the $% $ % con $ N " " % N *$ "$ % ' any interest % $ rate whi ch , %% % Borrower +' is * %" $ perm ttedi to tratc or ag er e to pay ; exce pt that Maixmum Rate ount upo n wh ich 0 on " $ * % % % pe ] " < % ' defin ' 4 $ 7 ERI "Mu tieml erplyo Pl# ] an" " ' measn a mul tiem eyopl r pl* an as de i n Se ction 4001(a)( ) 3 of SA subjec t to provis onsi /0+4- ' W $ " "* < % the $ *% ' ' 9?? B B8 ] "* < %C 7 'emp of Tit el + IV 7 of /0+4- ER SA I and i n % '* $ respect 7 of whi ch < any > Loan Party SAI Affi iate l is ' an oye l r" as ) of -7R $ % any /0+4- ' defined R in Section 4 $ 3(5 : $ # %$< or < ER 8B) ERI SA. /0+4- ]2 ' l ' "Ob igat son"l i measn all oans, adva ces n, de bt,s i+ $ '' ndebtedness , l+ " ' iabilities and snoti of er to er aris ngi " ' 'E obliga 7 Borrow 5 ' , %% % ' $ Lend > % % ' 5 ? " $' K evide $ K ins '$% " $ $ K 7 % the purus ant to any of the Loan Docu tsnm e (whether % or not ce nd by a not e or trumen t an d whether not for ymnet of K $ % or $ > $ pa * $' B $ % * <" $ < $ < % % 7$ % ab ' $ % ' $ % N ' % cont or % $ exi mon , y}e $ % whhe etr now sing t or hereafte r aris ,ing wh eerht di er ,ct i+ nrect di , ute sol or ngen i, t due o bec ome du e, $ $ % t$ " ; " < ' 5 % E % joi ' 5 % G related, unrelated, fixed, liquidated , un qui li da ed ,t joi n,t seve , lar or nt and al. sever K % $ Q Q $ % $ RN " C# "C % $ $ % " % %' ' "Party " ref ers < only to s agre emen t or another > Loan Docume ,nt as t requ ires. % Q % ' " party $ N$ " a named $ thi ? " $ ' the $ contex * %$< to 7% ' ' ' ' " **$ 5 'E "C# %" $'C Permit " s mea n < any an d all ses,i licens , se l ' ' eases, * $" $' perm, sit approva ,s l noti ficion ,ast cert ca on fisi ti, reg stri,saotni franch $ R $ ' %$ 7 $ ' 5 ' % ' 7 way $ % ' exe N "* ' ' " $' Q " $ 'E authoriza ions ,t mptions, qua ficatio li s,n easeme , snt ' rights of , > ' Liens and oth er ri ' ghts, privil eges and s l req reidu to approva *% 5 ' **% 5 ' 5 Q % < E obt > E be iaend from a & 5 % " $ Goverm n enta l Au tythoir under any ica l ble La w. -** $ % "" - $ % $< < App C# %' ] %* M "Pe sr 'on mea sn an indivi , dua l a cor ptaoion r, l+ " imited li $< aity bil comp ny a, shi rp,e nture, assoc onati, i joint ock ts" ' 5 W $='$ ! W ve * %$ %' * joint 5 $ % '' $ "* < partn % a gov comp ny a, tru, ts unin cpora oredt organ za .ontii or her ' '' business en ty,it or ernment or ecny or itical subdiv on i is %* % $ % " $ % 5 % " $ % ot % pol $% '$ % any * $ $ $< ' 5 ' < "* < < ag theer of. $ % 7 a Mu "^R ] Plan" " ' mea sn < any "* < emp oyee l pension benefit plan (ot eh r than eitmpl l reyo Pla n) subj ect to$ the prov sions i of Ti tel IV R$ * * ' ' W $ : B $ % "* < % $ *% 5 ' ' # + ER 7 wh /0+4- 7 9 % '* $ of /0+4- ERISA % or 4 %; Sect oni 412 of 7 $ the Code or 4 $ Section 8 302 of SAI an d in respec t of chi any n Pa rty or ate il is ' % any > /0+4- Affi < Loa # %$< -7R $ < ERISA tino 3(5) " Sec 4 8B) C "* < %] 9 ( of deeme % /0+4- " 7 ER $ be) (or D if ' such * plan % were $ %" $ tenate rmi d wou d l under 4 $ Se on ict 4069 SAI be d to oye pl r" as fined in "em ' de 7 B % an 7 /0+4- of ERISA. ?/F Triple Dairy [) ! $500k 0> RLOC 20 31 > V Cr edit - " 5 Agreem nte % 7 13 100 C# % " ' "Prepa "y means to " ! make a #% * <" Prepaym t. ne " " $ <" M "Prepa ynt" me measn a paym nt e of all % or a portino $ of $ the * unpaid * $* principal baan l ce of a > Loan *% % prior $ to " the date wh en due, 7 " ' * <" % whether vol untary , by % ' reason of elerat on, i or " % ' othse erw .i 7 acc $ % % $ 5 $ %< < C C ]0 $ "Re on lat gui U" " ' means 0 $ Reat on gu il U 7 of the Boa dr ' $ " as from time to " time i n 7 effect and all R " officlai rul ngs i and $*% ' interpretations , % % ' " $ theer und re and thereof. " 7 % 5 E0 ' "Re ease l " measn any * placing, '* spilling, leak ng,i seepag , e * "* pumping , * % pouring, " $$ emitting, "* < E emptying , ' % discarging, h inject ng,i ! ' * E " ' < esca ng, ip leachin g, dump ng, i dispoisng, depos tingi or " % $ migrat ng i in, $ into % or $ % onto or $ % through $ the % " $ environment. % * ' $ ' * "* '* ' E4 ' E 7 "Subidi sry a" of a # %' Peron s wh chi is <$ anythin g other than an + 5 individua l " ' means a ' '' business entity of wh chi a " W % $< major ty i of the ' $ % K $ $$< 7 K shares K of ' % $ ' sec tiesuri or $ other + $ % '$' intersets hav ngi ordinary vot ngi powre for $ $ the $ elec ion t of % $ %' directors % or $ % other 5 % governing < body $ are 8K at the 5$ % ' % ' 5 " * % % %< ti+%" me < benecia fi lly owned, % or U the " " $ manag m e ent of wh chi is $ % ' otherw se i contro ed, ll directly, % or + < indirectly < by $ $ that #/+42+ + Person. Unless ' $% % $ < '' 7 ' % otherwise '* R specide,fi all % 7 % ' references to a ^4 ' %<] % "Subdi sry a"i or to "Subs diari "ise shall % 7 % refer $ to < any 4 ' %< Suary bsidi or 4 4 R/4 Sub arisides, i if < any. $ ]4 ' $ '^ ++ % 5' ] cc C "UCC" " ' means $ the 7 %" Uniform "" % Commer ialc Code ' $ as enacted in $ the Governing Law 4$ $ State. & 5 % > C 4- : ' 0 Q % "U.S.A. Patriot - C Act" " ' mesan the Unit ngi and 4$% $ Streng ngthen i Amer ca i by #% 5 -**% *%+ Providing Appropriate Tools Requirde to -" $ $ # $% K $ < $ Intecr ept and Obstruct Terrori ms Ac t 7 of 2001, # $ Public > Law H) 10756 (signed into law on 2 $ % Octob r e 26, V 200 .) 1 - $ + $ % *$ 2 '$" $ : %% '" B' CF $ % > $ Loan % Q % ' ' C?% 7$ 5 $ '^ ; Doc ume snt will be $ %*% $ inteepr ted in % accordance with $ the 7 following B$ (the "Drafting Conventions") : (a) $ the % ' words ^ "inclde u," 'includes," ] " ? " $' B and "i] C ncluding " are to be % ' read as if the y % were P follow de < by $ the * % ' phrase $ 'without " $ $ ^G limi on att";i (b) '' unless $ % ' otherwise N*% '' < expressly ' stated, % $ < B ' E'G ' terms and *% 5 ' ' provis sino applicab e l to $ two % or " % more # %' ' Persons ' shal ** < app y l on an 5 indivdual, i as well ' as $ 5 collective basis; B (e) ' headings and $ ** $ %"' capti sno are *% 5 provided 7 % for 5 conven encei on yl and do $ not 77 $ affect $ the " meaning K of $ the $ N$ text wh chi B 'G follows; B (d) referenc s e $ to an % 7 % ' ' *$ ' < $ % 'E " R 'E agree nt em or instrum nt e means that agreement % or '$% " $ instrument , $ $ % together with all N$ 'N ' exteons nsi, renewa ls, modific onsa,i t substitut ns io % " $ % ' % " $ " ' % " $ ' ' ' -1 and " " $' amendm nt se theroe, f ' W $ subject + to < any % '$% $ ' restrictions $ % thereon in $ $ that % " $ agreement % or '$% " $ instrument % or in $ the > Loan ? " $'G Docum nts e; (E) AN Y $ % 7 B/ +1 REPORT 0 OR DO CUMENT TO BE 0/ /+ /? RECEIVED ,A BY >/1?/0 LENDER 4D->> SHALL ,/ BE 4-:+46- :20A SAT SFACTORY I IN 620 FORM -1? AND 21:/1: CONTENT : TO 0/#20: ?2 /1: :2 ,/ -1 LENDER ; B6 (F) FD/0/ /0 WHR E EVER B+ (1) >/1?/0 LENDER /L/0 +4/4 EXERCI ES S ANY 0+&D: RIGHT &F/1 GIVEN :2 TO +: IT TO APPROVE 0 OR ?+4-##02 / DISAPPROVE , (li) -1A ANY :2 -##02 / >/1?/0G B++ ARRAN EMEN G T OR :/0 TERM ' IS :2 TO ,/ BE 4-:+46- :20A SAT SFACTORY I TO >/1?/0 LENDER , 20 OR B+++ (lii) -1A ANY 2:D/0 OTHER ?/ +4+21 DEC SION I OR ?/:/0 +1-: 21 DETERMINATION 20 :2 -00-1&/ /1: 0 IS :2 TO ,/ BE -?/ MADE ,A BY >/1?/0 LENDE R, :D/1 THEN /L /#: EXCP ET AS -A MAY ,/ BE 2:D/0F+4/ /L#0/44>A OTHERWI ES EXPRESLY S AND 4#/ +6+ ->>A SPEICFI LY A CL PROVIDED +4 -4 -1? #02 +?/? :D-: :D/ ?/ +4+21 :2 THEREI , N THE DE SION CI TO -##02 / APPRO VE 20 OR ?+4-##02 / DISAPPR E, VO ALL ?/ +4+214 DECIS ONS I THAT ARRANGEMENTS OR :/0 4 TERMS -0/ ARE -00-1&/ /1:4 0 ->> :D/0/+1 -1? SATIS FC ATORY OR 12: NOT 4-:+46- :20A SAT SFAIT CORY , AND ->> ALL 2:D/0 OTHER ?/ +4+214 DEC ON SI SI AND ?/:/0 +1-:+214 DETERMINATI S NO MADE BY LENDER , -1? 4-:+46- :20A 20 -?/ ,A >/1?/0 SHALL BE IN THE SOLE ?+4 0/:+21 DISCR TI OEN OF >/1?/0 LENDER , F+:D2 : WITHOUT 0/&-0? REGARD 620 FOR THE ADEQUA Y C OF ANY 4/ 0+:A SETY CURI FOR :D/ -?/U - A 4D->> :D/ 42>/ ,/ +1 26 26 -1A 620 THE 2,>+&-:+214 OBLIG A; STI NO (g) 5 % whenver by $ the $ %"' terms 7 of $ the > Loan ? " $' Docum nts e, Borrower ' is *% proh bited i from taking an $ action % or :D/ % % $ ! , %% % B( < pe ttin rmgi the %% occurr ce ne of ' " some % "'$ circum nc ates, Borrower ' shall $ not, % $ < directly % or % $ < indirectly ! take $ $ that R action or permit $ that * $ 7 % * %" $ $ , %% % % * " K ce ant, s or % $ < directly % or % < indirectly * %" $ permit < any 4 ' %< Subsidiary $ to $ ! take $ $ that $ act oni or perm t i $ $ that % "'$ ; circumstance ; (h) 5 evidence 7 of the circum "'$ % $ B % occrre ucen or = %% non-occen ce rru of < any 5 $ event, % or $ N '$ the existce en or = N ' nonex- isten ec of < any % "'$ circumstan ce to be 5 % delivered $ to > % Lender 7 7 %% % muts be in a form satisofry act to Lender ; (i) uness l specified $ % ' otherw se, i referensec to a '$ $ $ statte u % or % $ regu ation l means $ $ that '$ "$ statuet % or % % ' $ > %; %" ' $ ' %< '* R " '$ $ " ' B '' 7% " noti as " amended % or ' ** " $ supplemented from " time $ to $ " time and < any %% '* corresponding *"5 ' ' provisinos of ' '' % successo r statutes % or regula % $ ' ' ' regulatio ;s n U) $ '' un ess l otherwis e '* R specified, all % 7 % ' refenerces to a tim e 7 of < day % are % % ' refeecrns to $ the $ " time in 7 % G Cal fornia i ; (k) % 7 % ' refeenc r es to $ " $ % $ ' BW $ % ' B! E" C *% E ; "mo th" n or E< % "year" % are ref erences to a calendar " $ month % or % calendar < % yea,r % '* $ 5 < respcetiv ly,e unes l s othe rwise '* R < spec fica yill pro ded vi ; (1) if BN '' % $ $ ' $ $ % ' B+ 7 ' ' any $ '* R date specdeifi in CD4 this % " $ agreenm et as a $ date for % $ ! $ taking acton i falls on a < day $ $ that ' is ! not a , '" '' Busi sens Day, the n $ $ that action " < may be $ < ? < + ! *% ' + < taken on $ N$ the next , ' '' Busines Day; (m) a pronoun used in % $ %R % < refng eir generally to any " " % member 7 of a '' class 7 of # %' ' Peros,sn or # %'5 ' Persons and % ? >-1/2 4 MISC LLAN E OUS E -0:+ >/ 9 10.01 : ' / $ % Entire - % " $ Agrent. me This % " $ agreeme tn and $ the other > Loan ? " $' Docm u ens,t collecly:tiv e (i) % *% ' $ represent " the ' " sum of $ the " 5 <; B unde dings tsnra and % " $' $ ager emenst between > % Lender and , %% % Borower % concern gin $ ' this 5 $ credit; B (ii) % * rep ace l any *% % prior % oral % or % $$ writtne %'$ ' < :% * Tripl e V ? < Dairy [) ! $500k 0$ RLOC 2013 8 Credit - " " " Agrem t en ? K 14 9 101 % > % and Borrower + $ " ' ' the , %% % as % CG agrem e ents between Lender and , $% $ Borrow r e $ con ng cerni thi s cr edit; and (iii) e intend ed by ,l R $ fina $ > % % " $' B+++ ar < Lender + the ' ag $ " ln 7 the 5 % to % " $ $ event 7 bet '$ $ " $ %"' agreed $ complete and N ' 5 excluives stat m e ent of of any ween this er ement and an y "* $ $ terms by < conflict < < them. *% 5 $ pre $ ' agre % Q % $ ' % " $ other % " $' agreements requ redi by em nt e, thi s % " $ agreem nt e will . vail $ % < this ' '$' 7 more Person , 5% % , %% ; (a) " % than $ one Borrower 1002 . Joint Several Obl gations i . If++ Borrow er cons sts i of , each y l 2 $ ' $ and % # %' N*% '' < B express % " eac indir > und ! ' R$ + % $ < %$ ! ' will acknowl deges that it ' has be nefited and benefit. di < rectly and cetly, from h Loan and ack nowl sdg e and ertak , se ! ' $ $ $ R$ 7 % the ' 5 % sev $ pu * $ '$ $ $ % together $ with the Borrowers , W K joint and eral li $< ability for nctual pay ment when ether at $ stat ed maturity , by due , wh * <" K % $ % , %% %' " " hereunder ' has been ' $ sought agai nst < any $ % other , %% %G Borrow ; r e and rees that ability her eund re and r any her Loan '$ % % < ot B ag ,2002F/0 /L#0/44>A and ' i+ 5 -1A REQUIREM Docme u nt is absolut ,e unco onal ndit ,i rrevocable . BORROWER EXPR SSLY E WAIV ES ANY NTE $ continuing ' $ F-+ /4 0/U +0/ /1: ? " $ 0/ /?A :D/ OT ,2002F/04 #2F/0 OR 20 REM -1? PR #02 //? -&-+14: 2AD/0 0+&D: :D-: >/1?/0 THAT LENDER /LD- 4: -1A EXHAUST ANY RIGHT , POWER DY E AND OCEED AGA NST I THE HER BO RROWERS 2:D/0 LOAN 20 AG -&-+14: -1A ?2 /1:4 OR 2:D/0 PERSON UNDRE :D+4-&0// /1: THIS AGRE MENT E , OR -1A ANY OTHER CUMENT ,S NST AI AN Y OTHER >2-1 DO #/0421 UNDER 1?/0 ANY -1A 20 1?/0 2,>+&-:+214 -1A 26 :D/ OBLI & -0-1:A GUARANTY 26 OF, 20 OR 4/ 0+:A SECR U ITY 620 FOR, ANY OF THE GATIO S.N / ' compr 7 multipl # %' " $ * , %% % is "*% ' # %' ' "*% ' 10.03 Author ty i to Bi nd , %% Borrower . IfD Borrower ed s i of e Person , s any son com prising 8 < Per , - $ "K , %% "*% ' $ 7 % F > % ma % Q % * ' com parties Borrower is authorize d to bind all prisgin Bor row . er With uot l " $ $ m i ti ation of the forego , gin Lender y requ rei any , %% % !' $ % $ R > " < < Loan 7 % mor + 5 R' , %% $ be % ot ; on by " % or Request or oth re % Q ' E reqeu ,st author iation z , her action behalf of e ind duals vi i designated $ % Borrower $ by ' $ in $ % $ or 0 Q '$ $ % < or < one ? ' $ # %' ^ > % may $ any wit $ $ " 5 ting < by the parties comp sing ir Borrower B (a 'Designat d e Pers 'on. ) Lender e and ohut not ice, wa ive any r wri , %% % % $ E "*% ' * %$ ' " <, at < tim " % < prio # %' ? ' $ $ ' req rement ui that % Q '$' request ,s au hzation t oir , s or other act onsi be $ ! taken only signated Per son. " $ % < by $ % $ ' % Q % " $ B $ < a De : $ benefit ? " $' 4 '' %' R$ of > $ the 7 and 10.04 Binding /R $G Effect: Successors and Assigns . Th e Loa n Doc um nt es wi ll i % nure to be binding 9 R " -'' ' '' $ K $% '7 % i0' % as $ % ' '' %' '' ' N *$ $ ass $ tra thei parties and r % '* $ 5 respect ve i successors and sign , s exce pt tha t , %% % Borrower ma y not gn i or nsfer any ts rights upon the % $' or * $ * %$ ' " < < of E $ ' K $ > % $ $ obligatns io % under any n ? " $ Documnet wi thout pri or wri tten con sent of Lende.r $ ' > *% % 7 the < Loa ) 1005 . -'' " $ ' not '' i ' ' $ assign , %% % $ ' $ $ Lender > %' % % without Assignment : # * $ Participations. Borrow er shall ts rights or gations i hereunder s ' % obl % ' $ Loans > ' or or * %$ of % < 7 i+$' % unde consent. Le nder may ass gni or sell partic pation i s i+ n all any portion ts int erest i n the r the nts e to * * $ ' 5 $ Loan > Docum % ' > % ? " $' ' $ B " < '' % * * " ' $ % * ' deli any Peron s. Lender " < may ' ' discleos to or pot ential assigne e or participant any tion a that vered > % $ , %% % has $ any $ Borrower 5 $ < inform < actual < # $' E ' coop providing $ > % *% 5 that $ connect * % $ $ $ informat + 5" E ? " $'G to > % Lender in on i with Loan Documents ; and , %% % Borrower shall erate full y with Lender in on . i If+$ > 7 < $ the J + hav 7 set ' $= 77 Lender '' ' assigns % or ' ' sells a part cipat on i i i n the s or the Loa n Docum en ts, hc aser will e the ght of o- ff against % $ > * % ' % 5 ? " $' the > % '$ > ' * %$ * $ $ ri% $ $ Loan $ pur Borrower . , %% % 10.06 % une Severability . An y prov onisi of n Do cum nte whi ch is ' proh bitei d or nf cea roleb iE" n any sdicon ti *% 5 ' 4 5 % > *% $ ? " $ 7 $ % ' - < 7 any < Loa < juri K su % % $< *" N$ $ ' $ $ $ sha,ll ' as $ to that cti,dion be ineff veei ct to the exte tn of ch proh bitioni or unenfor lityœab i with out inv alidang ti the aining $ E juris 5 W % ' $ ' % " $ rem 77 $ 5 7 that % affec valid % en $ $ $ *% 5 ' i+ 5 $< provisio sn of Loan ? " $ Docum net or ngi t the ty i or foytlircea ib of that provision n any er juri ction sdi ; except f " 5 ' ' "" > 5 $< $ % W % ' $ G N *$ that $ $ i < oth $ it $' % > % Ob *$ such *% 5 ' provis on i relates to the * <" $ paymnt e 7 of any neat ry sum , $ then Lende r may , at s option , de clare all ligaon tis immed yatel i % $ ' 2 ' ' $ " ' " " %< " < +"" $ < < mo due and pay abl .e * < $ E Writing F% $ 10 07 . Amendments in . : The Loa n Do cuments may ended , ch ang,ed mod ifie ,d altered -" " $' > $ be am % " ? " $' " R $ or " < not $ 7 all 5 '* 5 $ %" $ # ' > Doc terminat de without the *% % prior wri tten ' $ consent of rties to cetiv e Loan um nte. ? " $ $ resp $ C Pa the '$ $ $ Lo ' expre $ % > be I > , " Law N* '' < 10.08 Governing . Except slys st aed t the erin, the an Do cumen ts will ted e /N *$ as ? " $' governed interpr 5 % and %* E & 5 " > 4 $ C * M * ' by ** < app yinlg the s K of the Staet of Californi a B$ (the "Gove gn ri n Law State)" wit ohut regar d to t of ws prin ciples $ 4$ $ 7 % $ $ $ law % % + its ' conflic K la " ' < +21 AND -1? VENU /1 / +00/ 2 -,>A 10.09 JUR CTION SDI . E ,2002F/0 BORR RW OE IR REVOC ABL Y AGR ES E TH AT, AT E OP ON TI OF -&0//4 2#:+21 :D/ ( -: TH U 0 4?+ : :D-: 6 2 : OF 2 1:/0 >-+ 4 ->> AC 20 COUNT -0+4+1& 26 OR 20 RELA 0/>-:+1& >/1?/0 LENDE , R ALL TION ,S #02 //?+1&4 PROCEE DINGS OR C RELA IMS ARI NG SI OUT NG IT TO S AGRE TNEME :2 THI - A+214 :D+4 -&0// /1: :D/ 4 #/0+20 +1 >+:+&-:/? OR ANY R >2-1 LOAN DOCUMENT BE LI GTAI TED IN THE SUPER ORI COURT LIFORNI ,A FRES NO COUN TY , ?2 /1: WILL F+>> ,/ 2 0: OF 26 CA 2:D/0 20 -1A OTHE 60/412 ->+6201+- 2 1:A :D/ 16:/? 620 :D/ EA 4:-:/4 ->+6201+ 20 2 0: CALI ORNIA F , OR THE UNITED ST ATES ?+4:0 : DISTRI CT COU RT FO R THE STE NR DISTR CT I OF IA. O NR BORR OWE R ?+4:0+ : 26 CALIF /-4:/01 ->+6201+- ,2002F/0 -1? 26 TH /1 / 0+4?+ :+21 620 ALL 2 0:4 FOR +00/ 2 -,>A :2 IRR EVO ABL C Y CONSEN ST TO SE CRV E, I JURIS, DIC NOTI AN D VE NUE OF OSE COURTS CH ACT ONS,I 4/0 + / :D24/ 214/1:4 ->> SU 4 D - 214 -1A OT -1? F-+ /4 :2 WH ,A PROCEE DGS IN AND 2 1:/0 >-+ 4 COUN MS E T RC LI A AN D WAIV ES ANY HER VENUE ICH IT+: MIGHT DE BY 2:D/0 /1 / TO FD+ D +&D: BE #02 //?+1&4 -1? /1:+:>/? ,/ ENTITL 2:D/0F 4/ 20 OT 6+1-> OF ?2 + +>/ DOMICI , EL D-,+: -> HABITUAL 0/4 ?/1 / RE DE SIC NE OR HERWISE . FINAL JUDGM NTE AGAIN ST BORR W ROE IN VIRTUE 26 -&-+14: ?& /1: +0: / ,2002F/0 +1 ANY -1A -1? MAY SUCH AC TIO,N SUIT NG I SH ALL BE C NSILUEV AND FORCED IN Y OT HER ,/ CO ,/ EN - BE 21 > 4+ / 4 D 4D->> /1620 /? 4 +: OR #02 //?+1& -1A - :+21 20 PROCEED 1 AN 2:D/0 - /0:+6+ -:/ 4 +: 21 20 /L/ #>+6+/? 26 WH JURIS TCDION I BY SUIT ON :D/ THE ?& /1: JUDG MENT , A CERT FICA ETI OR EXE ED MP I FLI COPY OF CHI SHALL 2# 0+4?+ :+21 ,A FD+ D 4D->> BE ,/ -1A 2:D/0 CONCLUSIVE EVIDENC E 26 OF :D/ THE ?& /1: JUDGMENT OR IN AN Y OT HER MANNER OVIDED BY OWER #02 +?/? 21 > 4+ / 20 +1 ,A LAW. -11/0 PR / +?/1 / >-F BORR ,2002F/0 #/0 +::/? ,A AP -##>+ -,>/ :D/ 6 >>/4: +00/ 2 -,>A F-+ /4 IRREVOC ABL Y WAIVES TO FULLEST /L:/1: EXTENT PER TTE M ID BY PLICA LE B LAW Y OBJ EIO CTN WH CHI IT+: >-F (A) -1A :2 THE 2, / :+21 FD+ D B- AN :D/ VE 6 : 0/ >-A+1& 26 THE -A /1 / MAY D- / HAVE 12F NOW 20 OR +1 IN :D/ THE FU TURE :2 TO TH E LAYI GN OF NUE OF CH AC TIO,N SU TI OR EE DIN G :D/ 26 ANY -1A SU 4 D - :+21 4 +: 20 PROC #02 //?+1& +1 -1A +1 4/1:/1 / IN -1 ANY 2 0: COURT 0/6/00/? REFERDRE TO IN THE FIRST SEN TENC E AB OVE; (B) Y CLA M I THAT Y SUC H ACT ON,I TI OR :D/ 6+04: -,2 / >-+ -1A :D-: AN 4 D 20 - :+21 SU 4 +: BI AN +1 AN +:4 #02 //?+1& PROCEEDING D-4 HAS ,//1 BEEN BROUGHT CONVE ENT NI FORU ; M (C) S RI GHT OF OVLA OF Y MATTER ,02 &D: IN 620 ; 0 &D: -1 IN+1 21 /1+/1: 26 REM 0/ 2 -> 26 AN -1 -::/0 B IT :D/ 2 0:4 OF #-0:A +1 26 CA :D/ CO MME CE ND BY IN TH E COURTS E 4:-:/ STATE OF ALIFORN I TO RT OF 26 TH - 6201+- 2 /1 /? -1 COU 2:D/0 PARTY -1A OTHER ,A ANY :2 ANY 2 0: 26 THE :D/ +: OR 20 IT+:4 -1A IMM UNITED STATES 26 OF AMER CA; I (D) ANY UNI TY WH ICH IT S ASSE ST -A MAY HAVE S FD+ D 1+:/? 4:-:/4 + 1+:A -44/:4 D- / IN - /0+ B? 0/4#/ : OF +1 RESPECT 26 IT+:4 Tri ple V ? < Da ryi $500k 3 : "E' 1+2 201 [) ! RLOC ^K Credit Agre ement -"" K 15 ) 102 ES 602 OBLI ONSGAT I UNDRE THIS -&0// /1: AGREE TNEM OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUM ENT FROM -1A ANY SUI T, EXEC ON, I TU /L/ :+21 4 +: :D+4 2,>+&-:+214 1?/0 ATT ACH MENT (WHTEH ER PROV ON SIALI OR 6+1-> FINA, L IN -+? AID 6 OF /L/ :+21 EXECUT O ,N I BEFORE JUDGM ENT OR 2:D/0F+4/ OTHER WSE )I OR #02 +4+21-> 20 20 ?& /1: -::- D /1: ,/620/ 0 B1 BFD/:D/0 -1E+ 4 +: +: -A #-0:A OTHER >/&-> LEGAL #02 /44G PROCESS; -1? AND B/ (E) -1A ANY 0+&D: RIGTH IT MAY D- / HAVE :2 TO 0/U +0/ REQUI RE THE 2 +1& MOVIN G PARTY +1 IN ANY SUIT, ACT ONI :D/ - :+21 2:D/0 OR #02 //?+1& PROCEEDING ,02 &D: BROUG HT +1 IN -1A ANY 26 OF :D/ THE 2 0:4 COURTS REFERR ED TO -,2 / ABOVE -0+4+1& AR SINGI OUT OF OR +1 IN 211/ :+21 CONNECT ON I :2 26 20 0/6/00/? 2 : 20 WITH :DZ4 THIS -&0// /1: AGREEMENT 20 OR AN Y 2:D/0 OTHER LO AN ?2 /1: DOCUMENT :2 TO #24: POST 4/ 0+:A SEC TYRUI FOR :D/ THE 24:4 COSTS 26 OF ,2002F/0 BORROWER 20 OR -1A >2-1 620 F+:D - :+21 TO #24: POST - A ,21? BOND 20 OR :2 TO :-./ TAKE 4+ +>-0 SIMLAR I ACTION . :2 : 10.1 O Counterpart Execut o.n i The > Loan ? " $' Docunt m se may be N $ execued t in $ %* %$' counterpa , srt each of " which wi ll be an + /N $ $ " " < K original and all K of which toget erh are " deemed one and the ' " same ' % " $ insum rt ent. % $ % % 10.11 Opt caylli Imaged 0 % $ ' Reproductions. > % Lender " < may " ! make an *$ < opticayll " imaged % *% $ reprodu ction $ of < any % or all Loan > 2*$ < Docments u and, $ at $' its $ elec o,n i t destroy $ the % original % or % ' orgins.ial Borrower ' $' conse tsn to desrtuc iont of the % original % or % ' origsinal , %% ; 7 ? " $' '$" $ '$% < the and % ' agrees $ $ that a *< copy K of $ the *$ < optically " imaged % *% $ reproduction 7 of < any > Loan ? " $ Document will be $ the Q 5 $ equivat len of and 7 % for all * %* ' ' purposes K 7 contsitute an C % C "or nal" gi i document. 6 % For * %* ' ' purpes os of " ' this ' secion t , C$ % "for all * %* ' '^ purposes " ' includes ' use 7 of $ the *$ < opt call iy imaged " '$ $ $ " $ " $ K % reproduc ion t (a) " to *% 5 prove the $ $ conen t t K of $ the % origalni docme ut n at tri a, l " $ med on ati,i % " $ arbitration or "R '$% 5 admi veirattni s hear ng;i (b) ; for < any $ G % *" B B business * %* ' ; purpose ; B (c) 7 % for $ % internal % or N$ % $' externa l audi st @ % and/or N " $ exami ation n by % or on $ behalf 7 of & 5 % " $ Governme taln Author ies; it (d) " in '" '' - $ R 'G < B $ < cance ngli or tran sferr gin any document; and B (e) + in W $ conj nction u with any % $ ' other transactio n evidenced < by " the % original document. % $% '7 " $ < " $G 10.12 Necessary - $ Act on. i Lender ' is $ autorized h to N execu et < any $ % other " $' docm u ents % or $ ! take < any $ % other $ ' actions > $ R '' " necessary to effec uate t the > Loan ? " $' Docume tsn and the consumma nio t of the $% ' $ ' transact ons i con ate tem l pd ther.eni + % ! + ' "" $ 7 $ $ $ "* $ + '' %< 10.13 Crtedi 0 Report. > % Lender ' is $ % authorized $ to % % order a % $ cre t di % * %$ report and veri fy all $ % other % $ cred t i 7 %" $ infom ratio ,n including + 8 % $ 5 % $< past and *% ' $ ' present loans and '$ % stadndar references 7% " from $ " time to ti " me $ to 5 $ evaluaet the creditwort hin ess of , %% %E Borrower. Witothu * '$ 7 $ % $ %$ '' % 7 % ' F $ $ % limitatio , n a *< copy K of $ the ' $ consent 7 % for % ' release 7 of 7 %" $ informat on, i general $ % $ autohriza on ti or ' " % sim aril docum t ne on file $ with > % Lender ' shall % " $ " $ $ autho ze ri third # %' ' Persons $ to *% 5 prov dei the 7 %" $ informa iont requeste d % from " time $ to $ " time. $ $% % Q '$ $ % 1 - '$ + 10.14 No '$% $ Con onst uct ri Again st ?$ 7$ % Drafter . / Each # %$< Party ' has * * $ part pated ci i in negot ngita i and % 7$ drafting this % " agreeme , nt 9 ' so an amb guityi or a question of $ $ intent % or $ %*$ $ $ interpretation ari ses, $ ' this % " K agreement ' is to be '$% cons ed rut as if the parties had % drafted it Q '$ % ' 'E ' if % ' " $< P * ' join y,tl ' as ** ' opposed to beign '$% consed urt against a # %$< Party ' because it was respo lesibn for % 7$ draftgin one % or " % more *% 5 ' ' pro ons ivis of $ ' this 7 % '$ ' % '* ' K " < agreement. % " +7 $ 1015 . INCAT DEMN ON FI .I I BORROWER 4D->> SHALL ?/6/1? DEFEND, +1?/ 1+6A INDEM IFY N AND D2>? HOLD >/1?/0 LENEDR AN D +:4 ITS ,2002F/0 +1?/ 1+6+ -:+21 -1? ) -1? OFF CERS I , DIRECTORS , / #>2A//4 EMPLOYEES, #-0:1/04 PARTN ERS, -&/1:4 AGENTS, -::201/A4 ATTORNE YS -1? AND -66+>+-:/4 B:D/ AFFILIA TES (THE C+1?/ 1+6+/? "INDEMN FIED I ?+0/ :204 266+ /04 #/04214C -1? ->> -1A .+1? PERSONS ) " D-0 >/44 HARMLESS -&-+14: AGAINST -1A ANY AND ALL >244/4 LOSSES 26 OF ANY KIND 20 OR 1-: 0/ NA TURE FD-:42/ /0 WHATSOE ER V THAT -A MAY ,/ BE :D-: IMPOSED 21E ON, +1 00/? INCURRED ,A BY, 0 OR -44/0:/? ASSERTED -&-+14: AGA NST I ANY +1?/ 1+6+/? INDEMN FIEDI PERSON -0+4+1& AR NG SII OUT 26 OF, +1 IN -1A ANY F-A WAY -1A #/0421 + #?4/? 2 : 20 OR -4 AS - A 0/4 >: RESULT 26; OF: B8 (I) :D/ THE /L/ :+21 EXECUT ON I OR ?/>+ /0A DELIVERY 26 OF :D+4 THIS -&0// /1: AGREEME TN OR -1A ANY 2:D/0 OTHER CONNECTED F+:D WITH 20 211/ :/? 20 LOAN ?2 /1: DOCUME TN OR -1A ANY -&0// /1: AGREEMENT 20 OR +14:0 /1: INSTRUMENT 21:/ #>-:/? CONTEMPL DTE A HEREBY 20 OR :D/0/,A THEREBY , :D/ THE 20 D/0/,A >2-1 :D/+0 PERFORMANCE ,A BY :D/ THE #-0:+/4 PARTIES D/0/:2 HERETO 20 OR :D/0/:2 THERETO 26 OF THE R I 0/4#/ :+ / RESPECT EIV OB ONS LIGAIT HERE NDER U OR 2,>+&-:+214 D/0/ 1?/0 #/0620 -1 / 20 THE 214 -:+21 CONSUMMATION 26 OF :D/ THE :0-14- :+214 TRANSACT ONS I CONTEMPLATE D D/0/,A HEREBY 20 OR :D/0/,A; THEREBY ; B+K (11) THE THEREUNDER 20 OR :D/ :D/0/ 1?/0 21:/ #>-:/? :D/ ,A 4/ USE 26 OF AD/ THE #02 //?4 PROCEEDS 26 OF :D/ THE >2-14G LOANS; B+++ (1)11 :D/ THE 6-+> 0/ FA LURE I BY ,2002F/0 BORRO WER :2 TO ,2002F BORRO W TH E AMOUNT 4#/ +6+/? SPECIF ED I IN :D/- 2 1: 1 - A >2-1 LOAN 0/U /4: REQUEST B+1 > ?+1& (INCLUDING -1A ANY 6-+> 0/ FAI LURE 0/4 >:+1& RESULTING 602 FROM :D/ THE 6-+> 0/ FA LURE I TO 6 >6+>> FULFIL L THE APPLICABLE :2 :D/ -##>+ -,>/ CONDIT ONSI PRECEDENT) , +1 > ?+1& INCLDING U ANY >244 LOSS 26 OF -1:+ +#-:/? ANTICIPATED #026+:4 PROFSIT -1? AND >244/4 LOSSES ,A BY 0/-421 REASON 26 OF TH E 21?+:+214 -1A #0/ /?/1: :D/ LIQUID ATION 20 OR 0// #>2A /1: REEMPLOYMENT 26 OF ?/#24+:4 DEPOSI ST 20 OR 2:D/0 OTHER 6 1?4 FUNDS - U +0/? ACQUIRED ,A BY >/1?/0 LENDER TO FUND :D/ THE >2-1 LOAN; B+ (IV) >+U +?-:+21 :2 6 1? #/0421M4 0/4 >: FD+ D FI I PERSON'S - :4 ACTS 20 OR 2 +44+214 OMISS ONSI WH CHI RESULT 602 FROM 2 1+ -:+214 COMMUNICAT ONS I GIVEN 20 OR SUCH +1?/ 1+6+/? INEDDEMN 4 D &+ /1 P TO BE &+ /1; GIVEN, ,A BY ,2002F/0 BORROWER 20 OR -1A ANY ?/4+&1-:/? DES GNATED I PERSON , FD+ D WH CHI ARE +1:/00 #:/? INTERRUPTED , FD+ D WH CHI ARE PURORTED :2 ,/ -0/ #/0421 # 0620:/? -0/ MISUNDER TOOD S, OR FD+ D WH CHI ARE IN 6- : FACT 602 FROM 1- :D20+T/? UNAUTHORIZED #/04214 PERSONS ; B (V) :D/ THE +2>-:+21 VIOLATION ,A BY ,2002F/0 BORROWER 26 OF -0/ +1 +4 1?/04:22? 20 -1A APP CABLE LI LAW, +1 > ?+1& INCLUDING -1A ANY /1 +021 /1:-> ENVIRONMENTAL >-FG LAW; B K (VI) :D/ THE 0/>+-1 / RELIANCE ,A BY >/1?/0 LENDER 21 ON /- D EACH 12:+ / NOTICE ANY -## -,>/ >-F PURPORTEDLY &+ /1 GIVEN BY OR 21 ON ,/D->6 BEHALF 26 OF ,2002F/0 BORROWER ; B ++ (VII) -1A ANY ,0/- D BREAC H I BY ,2002F/0 BORROWER 26 OF -1A ANY 26 OF +:4 ITS # 0#20:/?>A ,A 20 REPRE EN ATIONS TS , WARRANTIES , 2 /1-1:4 20 COVENANT S OR -&0// /1:4 AGREEMENTS 1?/0 UNDER -1 ANY >2-1 LOAN ?2 /1: DOCUMEN T. +1 > ?+1& INCLUDING -1A ANY 0/#0/4/1:-:+214 F-00-1:?/4 +1 /4:+&-:+21 DEFAUL T 20 OR / /1: EVENT 26 OF ?/6- >:G DEFAULT ; 20 OR B +++ (VII ) I -1A ANY >-+ CLAIM , >Z:+&-:+21 LIGAT TION,I INVESTIGATION 20 OR #02 //?+1& PROCEE NG DI RELA ED T TO ?/6- >: 0/>-:/? :2 -1 -1A +1?/ 1+6+/? FD/:D/0 ANY 26 OF :D/ THE 620/&2+1& FOREGO NG , I WHETHER 20 OR 12: NOT ANY INDEMN ED IF I PERSON +4 IS - A #-0:A PARTY :D/0/:2 THERETO, 20 OR -44/0:/? ASSERTED #/0421 - 0/4 >: AGAINST -1A ANY +1?/ 1+6+/? INDEMN ED FI I PERSON -4 AS A RESULT OF LENDER ,/+1& BE NG I PARTY TO THIS -&0// /1: AGREEMENT 20 OR :D/ THE #/0421 -&-?14: 26 >/1?/0 :2 :D+4 #-0:A :0-14- :+214 TRANSACTIONS 214 -:/? CONSUMMATED # 04 -1: PURSUANT :2 TO :D+4 TH S I AGREEMENT ; /L /#: EXCEPT TH AT ,2002F/0 BORROWER 4D->> SHALL D- / HAVE 12 NO -&0// /1:G :D-: :D+4 4/ :+21 F+:D OBLIGATION :2 TO -1 +1?/ 6+/? AN INDEMNIF ED I PERSON 1?/0 UNDER THIS SECTION WITH 0/4#/ : RESPECT :2 TO >244/4 LOSSES 0/4 >:+1& RESULTING 602 FROM #/0421 2,>+&-:+21 :D/ THE &0244 GROSS 1/&>+&/1 / NEGLIGENCE 20 OR F+>>6 > WILLFUL +4 21? : MISCONDUCT 26 OF :D-: THAT +1?/ 1+6+/? INDEMN FIEDI PERSON -4 AS ?/:/0 +1/? DETERM ED IN BY THE #/0421 ,A :D/ 6+1-> FINAL ?& /1: JUDGMENT 26 - OF A COURT OF 2 #/:/1: COMPETENT 0+4?+ :+21 JURISD CTION I. IF -1? AND :2 TO :D/ THE /L:/1: EXTENT :D-: THAT -1A ANY +1?/ 1+:A INDEMN TY I 2 0: 26 +6 +4 1?/0 UNDER :D/ THE >2-1 LOAN ?2 /1:4 DOCUMENTS +1 IN 6- 20 FAVOR 26 OF +1?/ 1+6+/? INDEMNIFIED #-0:+/4 PART ESI IS 1/1620 /-,>/ UNENFORCEABLE 620 FOR -1A ANY 0/-421 REASON , ,2002F/0 :2 BORROWER 4D->> SHALL :2 TO -./ MAKE :D/ THE -L+ MAXIMUM 21:0+, :+21 CONTRIBUT ON I TO :D/ THE #-A /1: PAYMENT -1? AND 4-:+46- :+21 SATISFACT ON I THEREOF :D/0/26 201 3 0 1 F8 : * Tri elp J V ? < Da ryi )) \ $500k RLOC % $ Credit Ag reentm e - % " " 16 103 8 6- 20 OF >-F ->> >2-1 ?2 /1:4 +1 FAVOR 26 WHICH +4 IS #/0 +44+,>/ PERMISSIBLE 1?/0 UNDER -##>+ -,>/ APPLICABLE LAW. ALL +1?/ 1+:+/4 INDEMNITIES 1?/0 UNDER :D/ THE LOAN DOCUMENTS IN FD+ D -&0// /1:E :D+4 AGREEMENT :D/ +1?/ 1+6+/? #-0:+/4 4 0 + / INDEMNIF ED I PARTIES 4D->> SHA LL SURVIVE THE :/0 +1-:+21 TERMINATION 26 OF THIS . 2 /1-1: -1? :2 />/ : - TRIAL :0+-> ,A F-+ /0 10 16. WAIVER 26 OF :0+-> TRI AL ,A BY 0A JURY. :D/ THE #-0:+/4 PARTIES (A ) COVENANT AND -&0// AGREE 12: NOT TO ELECT A BY B- 26 -1A 0 CLAIM >-+ THAT :D-: 21:02 /04A OR 620 :D/ RESOLUT 0/42> :+21 #02 //?+1& 0 JURY +1 IN -1A ANY - :+21 ACTION 20 OR PROCEED NG I FOR THE ON I OF ANY ?+4# :/ DISPUTE , CONTROVERSY FD/:D/0 ARISING >2-1 DOCUMENT, -1A LOAN :2; B+ -0+4+1& IN +1 -&0// /1:; 0 -0+4/4 ?2 /1: WHETHER ARISES 2 : OUT 26 OF 20 OR 0/>-:/4 RELATES TO: (I) :D+4 THIS AGREEMENT; OR B++ (li) ANY C?+4# :/C G /L:/1: -1? - "DI ,A 4:-: :/ CONTRACT, :20: TORT 20 OR BY STATUTE B+1?+ +? ->>A (IND VIDUALLY I AND 2>>/ :+ />A COLLECTIVELY, A SPUTE"); AND, (B) :2 TO :D/ THE EXTENT -1? B, 21:0- : -1A :0+-> ,A 0A AS -4 TO :2 ANY ->> RI0+&D: +00/ 2 -,>A F-+ / - TRIAL #/0 +::/? -##>+ -,>/ >-F ,A PERM TTED I BY APPLICABLE LAW, D/0/,A HEREBY IRREVOCABLY WAIVE ALL GHT :2 TO A BY JURY 0/>-:+1& TO -0+4+1& 2 1:/0 >-+ :2 +44 / -1A - :+21 ISSUE 0/>-:+1& RELATING D/0/:2 HERETO +1 IN ANY ACTION, #02 //?+1& PROCEEDING 20 OR COUNTERCLA M I ARISING 2 : OUT 26 OF 20 OR RELATING /L+4:4 12F 20 +1 :D/ 6 : 0/ :D/ #02 +4+214 26 :D+4 -1A /L:/1: 4 D ANY >2-1 LOAN ?2 /1: DOCUMENT :2 TO :D/ THE EXTENT SUCH 0+&D: RIGHT EX STS I NOW OR IN THE FUTURE. THE PROVIS ONSI OF TH SI -0/ A- -:/0+-> -1? ARE 2> 1:-0+>AG -0/ 4/#-0-:/>A &+ /1 #-0:A .12F+1&>A -1? VOLUNTARILY 4/ :+21 SECT ONI ARE SEPARATELY GIVEN ,A BY /- D EACH PARTY KNOWINGLY AND ; AND MATERIAL >2-1 ?2 /1:4- +1? / /1: 620 >/1?/0 /1:/0+1& INDUCEMENT FOR :D/ THE LENDER ENTERING +1:2 INTO :D/ THE LOAN DOCUMENTS . 620 - ,->>221 -&0// /1: #02 +?/4 ,->>221 10 17. BALLOON #-A /1: PAYMENT . :D+4 THIS AGREEMENT PROVIDES FOR A BALLOON #-A /1: PAYMENT . ,2002F/0 BORROWER :D-: -&0//? :2 ACKNOWLEDGES THAT >/1?/0 LENDER D-4 HAS 12: NOT AGREED TO 0/6+1-1 / REF NANCE I THAT #-A /1: PAYMENT . - .12F>/?&/4 :D-: R $ '$ $ $ ' % % 7 %" $ % Q % ' obt 5 % 7< 4- 10 18. USA # $% $ Patriot - $ Act 1 $ E Notice. 6 % Federal law requires all financial inst tution i s to n, ai ver fyi and reco rd information I 7 % $ +? " % ' '! for " $ N ID % socia $ ' % '', tax $ $ $ R ' that identifies each * %' person who obta nsi a loan. > % Lender will ask the , %% % ' Borrower s ' legal name, address numb re or l % take $ i %" % ' ask $ % 7 %" $ > % '! for 7 % additional ! oth ' % $< sec urity " % number and $ % other $ 7< iden ifying t informa on . ti Lender " < may also nformation or " $ $ docume on ntat i or er $ % * %' ' % othe $ $ $< $ ' reasonably % ' < '' %< 5 % 7< the actions necessary $ to verify identity 7 of , %% % Borrower , < any % $ %' guarantors or r % $ relatde persons . 7 the $ < R%'$ % $ 5 . ' $ ' : < % first The * ' part esi 5 have signed this % " $ agreement 77 $ 5 effective ' as of day and year written above 4+&1-: 0/ 21 [SIGNATURE ON :D/ THE 62>>2F+1& FOLLOWING PAGE] #-&/V BORROWER + * Trip e l V Dairy [) ! $500k 0>2 RLOC 8 2013 $ - $ " $ Cret di Agr et nm e 17 104 9 :0+#>/ TR PLE I V ?-+0A DA RYI, a 7 % California % gene lar * %' * partnership - % '' Address 7 % for $ '; notices : I I8 18183 I Drive Z By: : % Tulare, - CA (8 9 93274 Attention: David Valadao -$$ $ ; ? 5 % '' $ % - $ % $ Alternate address for $ notice < by 4 U.S. C?:;;¿ /?F-0? EDWARD ->-?-2 VALADAO & % General # % Partner ; Mail: aa (8 ( 17293 9 1/2 -5 Avenue D $ % Hanford , - CA (8 8 93230 ? 5 -$$ $ ; Atte on:nt i David Valadao Bywa1~21 I . \.. @ ,<;- +> ->-?-2 '¡ WilvALADAO & % ner / Gene ,- +? AV DI -/M-?-2 VALADAO R" % c ()ss8-~ \ ~,rtner -, By~ ?$R! :/00- TERRA ->-?-2 VALADAO & % General # % Partner @%@F F By~OUa.~x/ ?+ -4 ->-?-2 & % Gener l a # % Partner By ~( L«. u~dcuJ MARY J ~ALADAO % & % =::ne r >/1?/0 LENDER Address 7 % for $ '; not ces i: - % '' RABOBANK, - N.A. 0-,2,-1. 9) 45 / E. 0 5 % River # %! Park # Place F '$ West, 4 $ Suite 9 401 Fresno, - CA 93720 (8 6% ' -$$ $ ; "" % > Attent on: i Commercia l Loan - " '$ Administration 4 %5 ' Service s : * Triple V ? %< Dairy [) ! $500k 0>2 RLOC 8 20 31 % Credit - % " Ager etm ne I 18 105 ) {iv} Related Payables'. minus. the amount of any overdrafts on any account of Borrower with Lender. For purposes of calculation of the Borrowing Base; ti) "*Accounts Receivable" means accounts which: (A) arise from the providing of services or the sale of goods by the owner at the account. which comply with account debtor?s speci?cations {it any} and have been provided or delivered to. and have been accepted by. account debtor. {Bi arise in the ordinary course of business, are evidenced by an invoice rendered to account debtor dated not earlier than the date of the provision of services or the data of shipment or de?very of goods. as applicable. have payment. terms acceptable to Lender. are not. evidenced by a note. chattel paper or other instrument. (F) are not payable on an installment basis. (Gt are valid. legally enforceable and unconditional obligations ct account debtor. and not subject to any sstofl. counterclaim. or credit. allowance or adjustment by account debtor. or to any claim by account debtor denying liabi?ly thereunder in whole or in part and (H) do not arise out of a contract which. by its terms. forbids. restricts or makes void or unenforceable the assignment by Borrower to Lender of the account: ligible Accounts Receivable" means the net amount of Borrower's Accounts Receivable. excluding all returns. discounts. credits and offsets oi any nature. Unless otherwise agreed to by Lender in writing. Eligible Accounts Receivable do not include Accounts Receivable (A) with respect to which the account debtor is an employee or agent of Borrower. with respect to which the account debtor is asubsidiary of. or affiliated with Borrower or its shareholders. of?cers. or directors. with respect to which goods are placed on consignment. guaranteed sale. or other terms by reason of which the payment by the account debtor may be conditional. with respect to which the account debtor is not a resident of the United States. except to the extent such Accounts Receivable are supported by insurance. bonds. or other assurances satisfactory to Lender. (E) with respect to which Borrower is or may become liable to the account debtor for goods or services rendered by the account debtor to Borrower. jF} which are subject to dispute. counterclaim. or catch. (G) with respect to which Lender. in Its sole discretion. deems the credihvorthiness or ?nancial condition at the account debtor to be unsatlslactory. (H) of any account debtor who has ?led or has had ?led against It a petition in bentrruotcy or an application for relief under any provision of any state or federal bankruptcy. insolvency. or debtor-in-relief acts: or who has had appointed a trustee. custodian. or receiver tor the assets of such account debtor: or who has made an assignment for the bene?t of creditors or has become insolvent or fails generally to pay its debts [including its payrolls} as such debts become due. ill with respect to which the account. debtor is the United States government or any department or agency of the United States or any state or local governmental entity unless Borrower has assigned its rights to payment of such Accounts Receivable to Lender. pursuant to the Assignment of Claims Act of 194d. as amended. or pursuant to any similar state or local law. regulation or requirement and are not finance charges on accounts. iJ} which relate-to ?nance or service charges. are hotdbacks. bill and hold or will call. pro-billed. uncompieted. progress billings. overb?led. billings in ercess of costs. governed by a performance contract. bonded. subject to offsets. trade. statutory liens. customer deposits or deferred revenue. for wort: in progress. or from retainage. retention. cash-on-delivery. or cash sales. where 20% or more of an Account Receivable from a single account debtor is so days or more overdue and {Li which are 30 days past the latter of [it the date of invoice. if any. or tii} the date oi delivery. or 30 days past the original date when due; ligible Livestock" means milk cows. dry cows. breeding bulls. heifers. calves and other dairy cattle (Al aned by Borrower {not including Borrower?s interest in any dairy cattle. ii any. which are co?owned with Borrower's customers or other Persons]. {Bl located at a dairy owned or leased by Borrower. including replacement heifers located at third party locations with acceptable signed landlord waivers in place; {Cl subject to a ?rst priority perfected security interest in favor of Lender: not subject to any Lion in favor of a Person other than Lender; and {El otherwise acceptable to Lender. Triple it L'Isiry Amendment ?ttl?itl FirstAmEHdmenl to Loan Dewmentn 111 :% * 0>2 8 Trip e l V Da iry [) ! $500k RL OC 20 31 ? %< 8 9 (= 8 D 7 %' > K $; Heifers Line of Crt:edi 3614 302-9 X D/+6/04 >+1/ 26 12:/ HE FERS I LINE OF 0/?+: CRED T I NOTE $500 000 00, . [) X December , 8 2013 ? " % 10 B], %% %C 5' FOR VA LUE 0/ /+ /? RECE VED I, the er ign sed ("Borrower , ) " % < hereby *% " ' ' promises to pay $ to the order of 7 RABOBANK 620 $ und -> / $ * < $ % % 0-,2,-1., N.A. 1 - , a B]> %C 6 5 D % ? %' $' ($500 K Five 1 Cents *% * national ! banking '' $ associati no ("Lend ) e"r the cipal ' " sum of Hundred : ' Thousand Do ars ll an d No 00) 000., or, $ $ prin 7 % if B[) *% * ' " 7 $ rate % $ '* R - % " $ less, $ the % $ aggrgeate princ pali sum of all Heifers Lin e 7 % $ of Cred t i Loans and $ % '$ $ interest at the specifi de i n the Credit Agreem nte D 7 %' % $ > > ', '' % $ - % " $] i $ % '$ #% * $ between , %% % Borrow r e and > % Lender $ ' dated as K of the e % 7 hereof B (the 'Cr edit Agr . e)nt e"m Pri npacil and nterest are $ dat % payable $ > % $ Lender * < to - % " $ - * <" $' > % i at $ the $ " ' times '* R specified " in t$ he % $ Crtedi Agre em ent. All payments ' shall be " made $ to Lender n 7 lawful " < moeny of ed States 7 of K the $ Unit R 4$ $ ' > % % $' ' " America $ at 149 8 Main 4$% $ Stree , t / El Ce ront, CA ( 98 9224 , 3 % or ' such other place ' as Lender direc ,st in same day . / Each cap ta zed li i - $ % * * $ -" % 9(I 7 ' $% < funds have %" 5 the $ " '* R in $ - % " $ This : ' $ term used in C]) this $ note $ $ that ' is R defined i n $ % $ the Credit - % " $ Agrem e ent will meanin g specified the % $ Credit Agreement. note ' 5 $ ' will be $ %*% $ interpre edt in accord ce na with $ the ?% 7$ Drafting Co nvention .s $ % $ Cr $ ' This not e ' is % 7 %% referred to in, and ej ct $ to $ the term s and onsi of et di Agreement. thout limitat on, i Credit : ' $ is ' sub ' W $ condit 7 the $ - % " $ Wi $ % $ F $ $ " $ $ the $ %"' > % to $ , %% % 7% " t " $ ti$ " Agreement B (i) *% 5 ' provides 7 % for $ the " ! making 7 of D %' Hefei sr Li> 7 ne of % $ Credit > ' Loan,s > ' Loans < by Lender Borrower from ime to me in - % " $ an '* R 5 $ amount " $ spe (ii) 7 % acc aggrega e t " $ amount $ not $ to N exceed $ at < any $ " time $'$ outtsand ngi the cified above, and tains provisions eration el $ ' *% 5 ' ' for % $ % $ B con 5 $' 7 of the ma tyur ti hereof * upon the occurr ce ne of %$ cert n ia stated eve tns. K $ " $ % $< '$ $ $ 7 $ This note ' is ' % secured < by the Collat alre Docum tsne and all > ' Liens * upon and ' % $< security inte es rst created % under any other written % $ : ' $ " % '$' % $$ $ $ % ? " $' < $ % instrument or agreem nte statign N*% '' < express y l $ $ that $ it sec rues $ the $ '' indebtedness , lai bilit esi or obligations 7 of Borrower under the terms ' % ' $ ' % $ ' '$% " $ $ $ %"' % % " $ '$ $ , %% % % and $ ' condi ions t of $ the % $ Credit - % " $ Agrent. em 7 < % Borrower ' has ' signed $ ' this not e 77 $ 5 effe vei ct as of $ the < day and year first . R%'$ written , %% % $ ' 7 % $$ above 5 BORROWER ,2002F/0 TRIPLE V ?-+0A DA RY I, a Cal fornia i gen eral partnersh p i 7 % :0+#>/ % * %$ %' * By~ : C E EDWARD /?F-0? VALADAO ->-?-2 General # %$ % Partner & % s,~ . l)£l¡;t ,<; , < ; - +> ->-?-2 Ge ernal Partner & % # %$ % @ -2 General Partner & % # % EXHIBIT ' & G' /LD+,+: 107 , \\ \ ;=]\O h,_ ü ~J ( ; X . C'J ,<; V :/00- TERRA ->-?-2 VALADAO & % General # % Partner """ @ @ @ ~h J By 9~$0 : ,-?-2 VALADAO & % General # % Partner By ~ MARJAÄL.ADAO ¿)ç!J,¡,g{(g), General # P % ner & % 2 108 I to} No Event of Default. There is no Event of Default or event which. with notice or the lapse of time would he an Event of Delault under the Loan Documents. to} Warranty Intonnation. The information furnished to Lender by Borrower as part of this Amendment were furnished as a material inducement for Lender to modify the terms of the Loan with Borrower and is information upon which the Lender is relying on in granting the terms hereunder Borrower further warrants and guarantees that all the information given to the Lender is complete. accurate and fully represents Borrower's financial and operating conditions. {it} Continuing Representations and Warranties. The representations and warranties of Borrower set lorth in the Loan Documents are true. correct. and complete in all material respects. 5. Conditions of this Amendment. Lender shall have no obligation to execute this Amendment or perform its obligations under this Amendment unless and until the following conditions are satis?ed on or before October 13. 2014 {?Termination Date"). If the following conditions precedent are not satis?ed on or before the Termination Date. then the outstanding principal balance of the Loan and all accrued and unpaid interest and all other amounts payable under the Loan Documents shall become immediately due and payable without presentment. demand. protest. notice of intent to accelerate. notice of acceleration or notice requrrements of any other kind. all of which are waived by Borrower and Lender may exercise any or alt of its rights under the Loan Documents, unhindered by this Amendment: {at Borrower has escouted and delivered this Amendment to Lender. and Lender has executed this Amendment: {it} Lender?s receipt ot a tee in the amount of $3,000.00: and to) Lender?s. receipt of all other deduments. information and other preconditions required by Lender. T. Reservation of Rights. Though Lender is agreeing to amend the Loan as set forth herein. Lender racemes all rights and remedies to which it is. or may become. legally entitled under the Loan Documents. Accordingly. this Amendment does not constitute a waiver oi any right or remedy that may or in the tutors does become available to Lender or of arty default or Event of Default occum?ng alter the date of this Amendment. 8. lilo Commitment as to Future Financing This Amendment is not a commitment on the Lender's part to provide Borrower or any related entity with any luture ?nancing in any amount beyond the terms set forth in this Amendment. 9. No Offset. Defense or Claim. Borrower do not have any offsets against the amount payable under the Loan Documents. {bl dotonses to the payment of any amounts under the Loan Documents: or {cl claims against Lender in connection with the Loan Documents. To the extent any such claims do exist. Borrower hereby waives them to the lullest extent permitted by law. 10. No Waiver. The execution. delivery and effectiveness of this Amendment shall not. except as expressly provided herein. operate as a waiver ot arty right. power or remedy oi the Lender under the Credit Agreement or other Loan Documents. nor constitute a waiver of any provision ol the Credit Agreement or other Loan Documents 11. Expenses. The Borrower shall pay on demand all costs and expenses incurred by the Lender in connection with the preparation. execution. delivery. ?ling. and administration of this Amendment (including. without limitation. Legal Fees incurred in connection with the preparation of this Amendment and advising the Lender as to its rights. and the cost of any credit verilicallon reports or field examinations of the Borrower's properties or books and records). Borrower?s obligations to Lender under this Section shall survive termination of this Amendment and repayment oi Borrower?s obligations to Lender under the Credit Agreement. 12. 'Severabiligy of Provisions. The invalidity or unenforoeability ol any term or provision of this Amendment or in the Loan Documents. shall not attest the validity or oi the remaining terms of the Loan; and each provision Ill this Amendment. or the Loan Documents. as appropriate. shall be valid and entorceebie to the fullest extent permitted by law. t3. Binding on Heirs. Successors and Assigns. The provisions oi this Amendment shall bind the respective heirs. executors. personal representatives. administrators, successors and assigns ol the parties. Triple Dairy Amenoirienl BLDG tour First Amendment to Loan Documents 114 0>2 2014 9 D %' Line 8 9 (= 8 > K Heifers of % $; Credit: 361429-03 Dairy :% * -" " $ RLOC Triple V ? %< Amendment - /1? /1: :2 2-1 ?2 /1:4 FIRST AMENDMENT TO LOAN DOCUMENTS 6+04: 5 the 5 % 7 % $ above " ' R (hereinafter This is the Amendment to the > Loan ? " $' Documents evidencing referenced transaction B % 7$ % the first R%'Z -" " $ $ $ : ' ' $ ]-" " C :0+#>/ V ?-+0A % * %' * "Amendment") . ++ lt ' is $ dated ' as 7 of 4 *$ " % Septm ereb 17 , 9 2014. +$ lt ' is $ betwen TRIPLE DAIRY, a " California gen eral partnership B], %% %C '' $ $ ! > % ("Borower r ) " and 0-,2,-1. RABOBANK , 1E-E N.A , . a national bankng i association B]> %] ("Lender'') . , % Borrow r e and Lend er % agree ' as 7 '; follows: ' hereinafter Borrower and > % Lender 5 have $ % enterde + $ into a % $ Cred t i - % " $ Agreement $ dated ? " % December 10 , 8 2013, (said % " $ is , %% % % 7$ % B' agreement $ ' : % " $' referred to as + the % $ "Credit - % " $C Agreem ). nt "e The % $ Credit - % " $ Agreement and all $ % other agreement s and ' " $' instruments % Q $ required by Lender for 7 % % 7 %% < > % C> ? " $' * $ ' / capitali $ %" purposes of evidencing % or ' securing $ the > Loan % are % herein % 7 %% referred to as "Loan Docum . nts e" Each ed z term ' used + $ ' in this * %* ' ' 7 5 Amendm nte tha t ' is R defined in the er > Loan Documents and $ not defined in $ ' this -" " $ Amendm nte will 5 have the mean ngi speci ed fi in that % R $ " ? " $' + -" " $ '* R $ oth $ $ " $ Drafting ,% ! 5 $ ' Loan ? " $ Documnet. This -" " $ Amendment will be $ %*% $ interpreted in % accordance $ with the Conventions . > : ' 7 > ? " $' , % " ' set ' forth in $ ' -" " $ Borrowe r and > % Lender ' wish $ to ame dn certain prov sion is of $ the Loan Document s as this Am end me nt. % 5 ' ' 1. Original Instruments Remain + in /77 $ Effect. /N *$ Except ' as " R modified < by $ ' this Amendment , each of + '$% " $' to 2% K the $ Loan -" " $ $ 0 " > Docum nts e shall % " remain + in 77 $ effect and valid, binding and enfo rceabl e accor ngi d to r term s. If+$ any arses i be twen are $ thei $ %"' % ' ' $ 5 " 7 % % $ % ' ? " $' $ < conflict -" " " this -" " $ Amendment and the Loan ? " $' Document ,s then this dm n ent ' shall $% control. $ ' $ $ ' Ame $ original % > (a) B 7 this Effect on Loan Documents. On and 7$ % after the date of Amendment , each reference in C; ) -" " $ / $ > ? " $" 2 $ $ % 7 % " + the $ Loan > Documents ? " $' C % E^C % C % C Agreem ne",t "hereunder ," "her " e,of "herein " and ' such $ % other like terms shall mean refere ce n to Documents a % 7 % $ %"' ' be " - % " $^ " and > ? " ' $ the Loan to 't his ! ) as " amended < by ' this Amendment. ' -" " $ (b) Effect 7 of this t. '' Unless $ % ' otherwise '$ $ stated here n, i the gse and amendments in this $ ' Amendmen " E ' " " ' contained $ + $ ' chan /77 $ -" " " B Amendment ' shall be effective the $ date R%'$ first set forth in the ope ning par agrap h to this -" " $ Amendment (the C-" " $ Effective * * % % * -" " $ ' $ B %$ $ $ $ ' 77 $ 5 as / $ 5 ' of B$ "Amendment Date .)" ? C 2. Increase B to $ the R ; Heifers > Line of Credit Note. That certa n i Heifers > Line of dit 1 $ Note in % $ 1 $ 7 Cre : %$ D 7 %' the + % ' amount % $ $ original 7 " $ of " conn $500 00 000 ,. executed as of De cember 10, 201 3, in eocnti with the % $ Credit Ag er etm ne is here by % ' increased to 000 000 00 , . ,. - 5 " " 8 ? " % $ N $ ' ' $ $3 )) ( % < )8 E 3. 89 Modified : ; Terms of the Credit Agreement. The Cr edit Ag reem net is am ended as :s 7 - % " $ % $ ' - % " $ : 7 '; 7 ' follow " (a) The Line 7 of % $ Credit. /N * Except ' as " amendde below, 8C $ %"' all terms and $ ' cond onsi it rel% $ ating to Line of Credit '" shall $ the : > $ > B remain + in 7 full 7 % force and effec :t % " 77 $ i. D " ( G the 7 following: $ "" Section 1.02 of the Credit - % " $ Agreem nt e shall be % * replaced in its entirety and super eded s with % $ $ $' 4 $ ' $ % $5 ' * %' 1.02 Maximum -" %] Amount. The aggregat e * unpaid *% * principal balance of the s must not : % $ N " " > ' $ Loan " '$ $ lesser of : B (i) $3 000 00 000 , ,. (ii) )\ 65% of Borrowngi Bas e. exceed the $ % B N $ '' % $ the $ , %% , ' )8 or ii. d> the following: W 7 ; Section 1.03 7 of $ the % $ Credit Agreement be % * replaced + in its entirety and ' %' supersded e with - % " $ shall ' 4 $ 8 +$; $ % K $ 1. 8 03 Borrowing , ' Base. , (a) B8 "Bongrowi Base" " ' measn $ the sum ' " of: C, %% >Q ; Tr plei V ? < Dairy Am endme nt RLO 0> C 9 K; 2014 -" " " Firs t Amen dmen t to > Loan Docu ments 6 ' - " " K ? "" ' + )\C B+ (i) 100% Eligible Acc ount s Rece;ieav bl plus - $' 0 5 E \ of * ' K / B (ii) 10 0% % of the e of Eligible > 5 '$ ! Lives ock t ; plu s 7 / \ $ Valu * ' (ii)i B 100% of the eu of Elebil gi Feed + 5 $ % % Lendre. " $ For * %* ' ' purpsoes of calculation 7 of $ the , %% " Borrowing Base : 7 $ , ' ; 6 % +% =+ $ 0 5 ] C- $' (i) "Accuonts Receivable " means accounts ; which: B- (A) % ' arise from the *% 5 providing 7 of " ' $' B servic se $ $ ' or the sale of goods < by the owner 7 of " the $ account , which "* < comply with $ account $ %E' debto s'r 7 ' % 4/1+ /4 specifications B 7 (if < any) and 5 have been *% 5 provided % 5 % or delivered to, and 5 have been *$ accepted by, account ; '* R ' < $ debtor, (B) % ' arise in $ the % E" %< ordinary %' course 7 of ' '' bus ness i , (C) % are 5 evidenced < by an 5 invoice % % rendered $ to B $ % B, account $ % debtor $ dated K not % % earl eri than $ the date of $ the *% 5 ' provision 7 of ' %5 ' services % or $ the $ date of ' *" " shipm nte $ 7 $ $ or delivery $ ' of goods, ' as ** applicable , B? (O) 5 have * <" $ payment $ %"' terms *$ acceptabl e to Lender, B/ (E) $ are $ not $ > % % 5 %< evidenecd by a $ note, $$ chattel * * % paper % or $ % other '$% " $ instrum , t ne (F) % are $ not * < payable on an '$ " $ installment ' ' basi,s 5 < B6 (G) % are 5 valid, < legally 7 % enforceable and $ uncondit onal i obligations K of $ account $ % debtor, and $ not ' W $ subject $ ' B& to any ' $ seto,ñ $ % " counter aim cl, or % $ credit. allownaec or W '$" $ adjutsment by $ account $ % debtor, % or $ to < any " clami < by % % $ < < account " debtor < denying $< liability $ % % thereunder in whole % or in * %$ part and BD (H) do $ not % ' arise $ out 7 of a "% " contra tc " $ K $ whi c,h by $' its $ %"' terms, 7 % ' forbids, % '$% $' restrsitc or " ! ' makes 5 void % or $ % unenforceabl e the '' " $ assignment < by , %% % Borrow re < to Lender 7 of $ the $; account; $ > % (ii) B "Eligible ounts 0 5 C Receivable " " ' means $ $ the net " $ amount 7 of , $% %' Borrow 'sr e Accnts ou - ' - $' Acc C Receivabl ,e excluding all % "' returns, ' "' discounts , % $' credits and 77' $' offsets K of < any natur e. '' Unless $ %F+' otherwise $ % N 0 5 agreed to < by > % Lender in % $ writing, / Elgibl i e Accounts 0 5 Receivable do $ not include - $' Accounts 0 5 Recievabl :e - ' % $ (A) $ with 5 '* respcet to which $ the $ account $ % debtor ' is an "* < employe e % or " agent K of , % Borrower , B, (B) $ with % '* $ respect $ B- to which $ the $ account $ % debor t is a ' ' %< subsidiary of, % or $ affiliat de with , %% % Borrower % or $' its ' % %' shareholders , +' $ office s,r or director ,s (C) with % '* $ respect $ to which ' goods % are pla ced on ' " $ consignment , % $ guarantee d ' sale, % $% $ %' * $R %' B or $ % other $ %"' terms < by % ' reason 7 of which $ the * <" $ paymen t < by $ the $ account $ % debtor " < may be $ E conditional , B? (O) $ with % respect $ to which " the $ account $ % debtor ' is $ not a % ' $ resid nte 7 of $ the $ United 4 $ ' Staet s, N *$ except to $ the N$ $ extetn ' such % '* $ Accoun ts 0 5 Receivabl e % ' ** %$ are supported < by ' % insurance , ' bonds, % or % other '' % ' assuranc s e ' $ '7 %< satisfac ory t to - $' $ Lender , B/ (E) $ with % '* $ respe tc $ to , %% % which Borrower ' is % or " < may " become liable $ to the accou t n % debtor for goods $ 7 $ ' > % $ , %% 5 or ' %5 ' services % % rendered < by $ the $ account $ % debtor to Borrow ,er B6 (F) which % ' W $ are subject $ to '* $ E disput,e % count claim re , or ' $ $7E setoff, B& (G) $ with % '* $ respect $ to which > % Lender, in $' its ' sole ' % discretion, deems $ the % $ % " "' creditworthines s % or R finanial c $ conditi no 7 of $ the acco un t " debtor $ to be ' $ ' $ %< unsatisfa tory c, (H) 7 of < any $ % $ '' BD 7 account $ % debtor who ' has fil ed % or ' has had fil ed '$ against +$ it a * $ $ petion it in !% *$ < bankruptcy % or an ** $ application for $ R 7 % relief % under < any *% 5 ' provision 7 of < any '! $ state % or 7 % federal !% *$ < bankruptcy , ' 5 < % inso venlcy, or $ %= =% 7 debtor efreli- n-i acts; % or % $ $'G s had ** $ appo nted i a B" " trustee, '$ custodian , % or % 5 G receiver 7 % for $ the '' $' assets 7 of ' such $ account $ %G debtor; % or who ha ' who has made an '' " assignm nte for % the benefit 7 % $ %' of creditors % or ' has " become ' 5 $ insolv nte $ or fails generally 7 ' % < $ R$ ' " to * < pay its deb st B (including $' its * <% ' payrolls) ' as ' such $' debts " become due, B+ (I) $ with % '* $ respect E to which $ the 0' $' $ account $ % debtro ' is $ the $ 4$ $ ' United States 5 % " $ governm nte or < any * % " departm nte or < agecyn 7 of $ the $ United 4$ $ ' States % ; $ or < any '$ staet % or local 5 "" governm nta el ent tyi '' unless , %% % ' '' Borrwore has assign de ' its % $' B rights to * <" $ paymnt e K of % $ $< such Account s 0 5 Receivabl e to Lender, * $' $ purus ant to $ the -'' " $ Assignmnte of "' Claims - $ Act $ of (9 1940, ' as ' - $' $ > % 7 or * %' $ purtanus to < any ' " % sim aril state % or K local law, % $ regulation % or % Q % " $ requirem nte and % are $ not amedn,ed % '$ $ $ " E fi7 nance % ' charges on $' accontu,s (J) which % $ relate $ to R finance % ' %5 or service % ' charge , s are !' holdba , csk C bill an d B *% % '' hold % or will call, % = pre llebdi,uncompl , de t e proger ss ' billing , s 5 %= over-billed , ' bil ing l s in N '' excess 7 of ' 'E coss,t "* $ gove rn ed by a * %7 %" perfm oanc r e contract. bonded, ' W $ subject $ to 77' $' offset,s $% trade, '$ $ $ %< statutory ' liens, '$ " % customer 5 % $% $E < de poists % or 7 %% defered r revenu e, 7 % for %! work in *% % '' prog ess r, or 7% " from % $ retainag,e ret onent ,i casoh-deliv n- ,rye * ' ' % ' = 5 %< % $ $ % 5 % " % or ' cash ' 'O sales, B. (K) % where \ 20% B or mo er 7 of - $ an Account 0 5 Receilvabe from a ' single $ accoun t " debtor ' is ( 90 7% " days % or " % more 5 5 over due and B> (L) which % are 8 30 <' days * '$ pats the ; latter 7 of B (i) $ the $ date of 5 inv ce oi, if any , % or $ <' < % (ii) $ $ the daet of 5 %< delivery, or 30 days * 'K past the original date when G due; 8 <' B (iii) B > 5 '$ !^ C/ " ' "Eligible Livesot"ck measn " ! milk ' cow, s dry cows breeding ' bulls, 7 %' heifers, 5 ' calves %< ', % , %% % ' $ % $ % '$ and oth er %< dairy $$ cattle B- (A) owned < by , %% % Borrowre (not incng ludi Borro s 'we r inteer st in < any %< dairy " cattle, + if B $ $ any, which % are co-ow edn with , % ' Borros wer' cusot me sr or $ % other # %' ' Perso , )s n BI (B) $ located $ at a %< dairy % '$ " %' < % * " $ or $ ' leased < by , %% % Borrowe , r inclngudi replace ntem heife sr $ located $ at third party $ ' locations $ with ownde % 7 %' $ % * %$< acceptbael sigend % landlord 5 %' waiv sre in * G place; B (C) ' W $ subject to a R%' first *% % $< priority * perfect de security $ % '$ inteer st $ *$ 4 ' % $< + in 5 ; favor 7 of > %G Lende; r B (O) $ not ' W $ subej ct $ to < any > Lien in 7 5 % 7 favor of a # %' Person $ % other $ > %G than Lende;r and B/ (E) erwi accep e abtl to > 5 Lend;er othse $ % ' *$ Tri pel V $< Dairy -" " Amendm nte RLOC C 2014 + * 0>2 First -" " Amendm en t to > Loan ? " % " Docum ntse % " 2 111 - --------- - ·- -- (iv) B 5 ----· ----------- ------ Inventory " " ' means % gra n, i ' silage and $ % other " ' roughage 7 feed, fee d $ 6 + 5 $ "C C/ W "Eligib e l Feed 5 '$ ! inger dient , s and R ' finished 7 feed %" < normally ' used 7 % for $ fee ngid livestock which ' is B- (A) owned < by and % $' $ % * %$< $ feed located on land owned % or ' leased < by , %% % Borrower , includ ng i that located at third party $ ' loca iosnt $ % '$ * %7 $ wit h *$ acceptable ' signed % landlord 5 %' waivers in * place, BI (B) ' W E subject $ to a firs t *% % $< priori yt perfected ' % < security $ interest in B 5 % favor 7 of > %G Lender; B (C) $ not ' W subject $ to < any > Lien in 7 5 % favor K of a # %' Person $ % other $ than > %G Lendre; (D) $ % '$ B? 5 '$ !; 7 % P not '* spoiled % or $ % ' otherwis e in a cond on it i unsuitable for feed ngi livestock; and B/ (E) $ % ' oth seerwi ' $ " acceptab e l to Lender; *$ $ > %; (v) C0 $ @ % "Related # < 'C Payab es" l means all $% trade $ account * < ' payabl se and/or $ % other * unp d ai " ' costs of Q % acqu ringi the $ % Collateral included in $ the , %" Borrow ng i Base, and the am ount K of all > ' Liens on " $ , ' $ ' ' that $ G Collatera ; l and $ $ (vi) B + C "Valu e" " ' means C (A) B- with % '* $ respect to Elbl giie Livet,sokc the 5 value % " acc ngorid to > %' Lend s e'r > 5 '$ ! $ / $ (B) B, 6 with % '* $ respect $ to /R Elig blei Feed + 5 $ %< Inventory , " the '' K lesser K of " %! $ maretk 5 value ' as $ schedule of 5 ' values, % or 7 if K not includ de on < any ' such ' sched, ul the n ' as $ %" determin ed < by ' Lender and > % determined < by > % Lender, % or , %" %E' Borrower 's '$ cost $ %" detemined r in a " % mann re *$ acceptabl e $ to > % Lender. $ %" (c) The , %% Borrowin g , ' Base for purposes 7 of $ the $ initial > Loan will be %" detem r ined by the , %% Borowi gn 7 % * %* ' ' < : B + % * %* ' ' , ' : Base %$ R $ Certificate % 5 received < by > % Lender in % accordance $ with 4 $ Section 9E B 4.01(d). The , %% Borrow gn i Base for purposes , ' of ' ' Q $ subseuqent > ' Loans will $ %" be determined < by , %% % Borrower, ' W $ subject 5 % however , $ to W '$" ' adjustments < by > % Lender ' '$ $ consi entts K $ with $ ' this % " $ agreement. / Each > Loan 0 Q '$ Request $ % for a > Loan wi l l be " deemed a % *% ' $ $ representati no by , %% % Borrow re to > % Lender $ < > that $ the * unpa d i *% * principa l balance 7 of $ the > Line 7 of % $ Credit % after $ the % Q '$ request de Loan will $ not N exceed the maximu m $ " N " " $ $ $ ' '' $ amount 7 of $ the > Line 7 of % $ Credit % under 4 $ Seciton O 1.02. 1 $ $ '$ Notwithstanding $ the *% 5 ' ' provision s 7 of thi s sec onti to $ the " $ contrary, > % Lender " < may ' as a *$ $ pron eit condi to < any > Loan % Q % requ re i , %$ Borrow re to 5 % deliver $ to > % Lender a %% $ current $ 5 %< Borrowing , ' Base %$ R $ Cert ficatie. , %% Sect oni 1.07 of $ the B ;((] Credit - % " " Agreement ' shall be % replaced in $' its % entirety and ' * %' superseded $ with 7 4 $ ii.i the foll owing: 7 $ ; 1.07 0 % Required # <" $'G $ % Payment ¡ s Maturity ? $ Date. (a) Borrower ' shall * < pay " accrued $ % '$ intees r t on $ the > Line 7 of % $ Credit on " % Ocobe t r ) 5, 9 2014 and on $ the , %% % B fifth < day 7 of " $ each month 7$ % after the Closing ? Date $ to $ the $ % $< Maturity ? $ Date. $ ' (b) The * unp d ia *% N* principal baan l ce 7 of, all * unpaid % accrued $ % '$ inter st on, and all " % other ' chagr es : B under $ ' this % " $ ager ement wi th % '* $ respect $ to $ the > Line 7 of % $ Credit. ' shall be * paid - ' on August 31, ) 2015 B$ (the C $ % $< "Maturity 8 % ? $ ] Dat.)e" (b) Reporting 0 % " " Requ rements i . The ' $ section $ $ titled 0 * Reporting 0 Q % " ' % Requints re m e under $ the % $ Credit Agree nt em is % < hereby ' - % " $ : 0 B amended ' as 7 '; follow :s " / 4G i. $ Sect oni 6.07 of $ the % $ Credit Agreement shall be % rep aced l + in $' its $ % entirety and ' super eded s with " K ' 4 $ 7 the following: 6.07 $ Reporting 0 Q % " $' Requirement . s , %% % Borrower ' shall "Z' furn shi to > $; Lender: 0 * %$ (a) B8 no + $ % later $ than ) 25 <' days % after $ the end 7 of each " $ , %% mont , h a Borrowing , ' Base %$ R $ Cert fictaei curre tn %% as of the end 7 of tha t " $ ; mon ;ht ' $ $ K $ (b) B+ 7 no B % later $ than ) 25 <' days 7$ % after $ the end of each " moh,nt a $ detaed il aging 7 of $ the 5 ' recesiv bl ea " owned < by , %% $ Borrower, by 5 ince voi or a ' "" %< summ ry a ag ngi by $ account " debt,or as % Q required < by > 5; Lend; er % ' < < + * < Triple V Da ryi Amendm t en 0>2 RLOC ] 2014 -" " 6 ' $ First -" " $ Amendm ent to Loa n ? " ' Document s > 3 112 (c) B 7$ % the $ end of $ each fiscal da $ % R' year ' soon ' as ' avai 5 $ 120 as eab , ll but no later than ys after , a copy <' $ < % *< (d) B 7 each days $ end of $ 120 % the $ % than R' year ' soon ' as ' available later fiscal 5 as , $ but no , a copy < % <' after *< 7 % that * % ; $ period ' " ' of , %% % of #- CPA 0 5 Reviewed R financial statements Borrower for ; 7 % partnership, ? " ' ? %< ' Dimas * %$ %' * Jose $ Valadao '$ $ " $' of of CPA Reviewed R financial statements Dairy, a8 7 % California general #- 0 5 % 4$ % Dairy ' '' as : Star Edward / % Valadao business ' Lone > Star 4$ % ? %< ' Two ' '' Valadao , doing business as , and , Jr. % , doing Dairy for ? % copie * receipt, " ' *""*$%< B B % $ & 5 % " $ $ health $ 5 % " $ % any - $ % $< any % " enforcement $ action by any Governmental.Author ty i rel ating to , safety, the environment, or < < < < , %% %E' property, % * % $ ' % (ii) " '$ " 5 $ ' Hazardous Materia s l wi $ th regard , or oper ons, ati or against $ % ' $ Borrower's % % to D % ' *% * < activities < claim BD any % % D % ' Borrower regarding Hazardous $ % '; Materials ; , %% % " < (n notice , promp ,ytl but tn no ater than the B 5 K the %% of K any C following K in + any l $ % $ $ occurrence $ of < of " "* < < eve B+ " or " $ % '* $ % threatened $ N claim '$ five <' days afte r ' such occurrence : (i) lawsuit, tax other disput e if filed stn R or $ % $ agai %% 7$ % R5 < ' B any ' ' '* $ between Borrower , %% % and any % $ % than $ $100 [ (iB++ Borrower in an amount greater 000.00 , ; i) an y subst alntia dispute " $ , % < < *% 5 ' ' of F $ the , %% % to $ comply 7 this $ ' $ %"' and provisions $ terms Governmental Authority ; (iii) the 7 % failure by & 5 "" "* < with - $ % $ Party / 5 % " $ > ' by D % ' $ property # %$< or any zardous $ % ' Materials on the on i of any l Laws *% * %$< of < Loan < Environmenta < < Ha < any Loan Party ; ; and > # %$<; G > % ' request $ % Q '$ % % ' !' K property (g) promptly upon , all other books , records , statements , l '$' ists of * Lender's '$ $ " 'E *% "*$ < *% * %$< B 7 %" $ pertaining % 5 ' % $' $ % information $ $ % * %$ to $' nts u, budgets, 7 % '$' forecasts , % * ' reports, records or other cond oni t i or and acco $ the K > $ , %% % requested % Q '$ by * % $ ' operat onsi of Borrower < Lender. 4. 9 ! ' and F 5 % K ? 7 $ % ' $ the $ foll ; Wa ver i of 5 $ Covenant Defau t. l Borrower acknowledges agrees to ng: owi , %% % " in complian ' not "* (a) As bmer 8 31, 2013 , Borrower was ce with under Section 01 the 8E -' of 7 Dece ? " % $ covenant 5 $ % 4 $ 6. B 5 outstanding not ' and % any $ have $ incur % $ % of the Credit - % " $ Agreement % Q % requiring , %% % Borrower to or contingent $ % $ $ not Z ZZ ' or % liabilities K < direct , "" % 7 others 7 $ follow $ otherwise *% $ $ % ' proh " ', N *$ $ lease N ' obligations , % or guaranty of the l $ ' iabilit es i of except the ng i if not bited i under the $ ' % $< K % any > % $ ' $ Le 7 it ' %" $ $% cred % $ K more " % -7R $ 'G :% ' $ ? " $'; Transaction Documents : (a) liabil tiesi and obl igaion ts to nder or s Affil ates i ; (b) l trade t i not < of B norma B " ' **% * $' $ ( or % 7 $ < individual than 90 <' days * '$ past due being contested n goo d faith by appropr ate i pro ce dings ; (c) , additional $ debts *% 'G $ '$ i+ 5 $' B if an as an 5 individua l for primarily consumer ; (d) onsi or % debt ncurred 7 % for the ' obligat $ ' 7 % *% " % < ' " % purposes $ i+ %% $ purpose * %* ' of K purchasing * % ' ' * %* ' '; BB lease exi $ % l $ ' equipment ' used in the ordinary %' course of ness i; and (e) other iabilities and gations i in stence on 7 bus December B obl $ ' ? " % N '$ $ 5 %< ' ''G Q *" $ 10, 2013 and ' ' disclosed in $ the most l statement submitted to . Borrower t alu '$ $ " $ ' " $$ " '$ recent , %% % acknowledges > % R 7 $ + Lender 8 ! $ ' this % $ financia $ ' def $ $ ' 7 % the and > % Lender % ' agrees to Borrower's non-comp iancel wi ht thi s requirement period ended , 2013 "* % Q % " $ for waive $ * % December ? " % 31 8 5 , %% % ' 8 only. < 7 7 $ i+ ' not (b) As December 31 , Borrower n complian ec with under Section 02 "* the -' of , % was $ covenant 5 K % 8 ? " % 4 6. 8 , 2013 B % Q "E , %% % % suffer ' 77 % to '' " or > ' on % $ , assume of t i Agreement Borrower ' shall $ not create exist any , title K the $ N '% $ rights - % " " requiring $ Cred % $ the % $' % < Liens $ $ or $ Loan interests in its property , N *$ except the ngi if not es *% $ prohibited under uments : (a) % the $ $' *% * < $ follow ? " $'; > Doc $ % ' $ % '$' $ otherwi > ' in favor 5 % B8 Liens % < 7 $' 7 that $ 5 > individu '$ any of its Affiliates ; (b) al, ad diioal tn Lie ' ns again ts the sonal asset s of indual divi as of Lender or * %' -7R $ 'G $ per '' $' $ $ 5 K ' an B if an 7 % pri (e) B % tax > ' $ 5 ' " % ' % K $ yet indiv dual i, to secure debt for mari y l consumer * %* ' '; purposes ; and ens for es not . Borrower $ N ' *% " % < , %% % acknowledges ! 5 ' B Li < $ due , %% % ' = "* > % this $ ' t l and Lender % ' agrees $ to 5 wa vei Borr s ' rwoe non an co - lce m ip with m neet for odi ended this 7 $ defau % Q " K B % the $ ' requir " per * %' , 2013 . December ? " % 31 8 only % ' foll , %% % > ? " $' $ Lend (a) B 1 Change any i+ $ been % their No in , %% % Borrower . : % ' There has not n $ the own rship e or e of '$% $ % , %% % or %' * % structur Borrower ! < change business ; that resolut onsi provided th respect umen ts ar e i+ n full ce and $ % ' $ ' > % wi $ $ the > Doc *% 5 to ' ''G % '* $ to $ Loan ? " $' % $ $ the $ Lender effect; $ for 7 % ; and that $ $ the " , 5 ' appropriat $ % to %' % " R$ **% *% $ bi undersigned remain authorized on beha f l K of and nd Bo rrower as e. If+7 any ng i is ' ina ccurate or $ $ act $ forego % " % $ $ the % < of + %' $ undersign % hol 5 ' agre inco , ectrr in any way, the ,d e as duals i , e to emnify and d Lend re harml ess from any " " $ > 5 %" '' $% " $ ind " 7< ' indiv all claims "', < < < and losses % or " ' damges a that Lender experien ce s or i" $' ncurs as t. lu % ' '' ' N* % ' ' a res $ K > % 9 Trip le V Dairy -" " $ Amne dm nte RLOC 2014 0>2 " ) ^ ednmen t to Loa n ? " ' Documen s t First Am -" " 6" 4 113 (b) No /5 $ Event 7 of ? 7 $ Default. : % Theer +4 is no /5 $ Event 7 of ? 7 $ Default % or 5 K event whic,h with C " notice % or the *' lapse K of " time would be 1 B an /5 $ Event of ? 7 $ Default % under $ the > Loan ? " $' Document . s (c) Warranty %" Information. : The "7 %" $ informatio n furnishe d to Lender < by , %% % Borrower ' as * %$ 7 part of $ ' this -" " $ Amendm ent $ were 7 % ' $ > % F %% < B; " ' ' 7 % furnish de as a " $ % material + " inducenemt for > % Lender to " 7< modify $ the $ %"' terms 7 of $ the > Loan $ with , %% % Borrower and ' is %" information * upon which + the B % + %"' , %% % > % % $ ' 5 Lender ' is % < relying on in % $ granting $ the ter ms % % heerund re. Borowre furth er %% $' warrants and guarantees $ $ that all $ 7 %" $ the informtion a given to , %% % ' 7 $ ' $ the > % Lender ' is "* $ com ete lp, accurate and 7 < fully % *% ' $' represenst Borroswer' finaal nci and * % $ opera ngi t cond tions i. % $ $ 0 *% ' $ $ ' (d) Continuing Representations and F %% $ ' Warranties . : The $ *$ ' $ ' represntation s and %% $ ' warranties 7 of , %% % Borrowe r ' $ set 7 %" forth + in B; % the > Loan ? " $' Docum tsne are $% true, %% $ correct, and "* $ complete in all " $ material % '* $' respec. st $ ' +$' $ ' 6. Conditions 7 of $ ' this -" " $ Amendment. > % Lender shall 5 have no $ obligatio n $ to N $ execute $ ' this -" " $ Amendment or * %7 %" perfmor its $ ' obl igat onsi undre $ ' this -" " $ Amne dm t ne unless and $ untl i the follongwi conditions % are ' $ 'R sat sfied i on % or 7 % before 2 $ % October 16, 9 2014 ' ' '' $ 7 % ? $ ] % BC: %" $ ("Terminat on i Date"). +7 If $ the 7 following " ' conditio ns *% $ precede nt are $ not ' $ 'R satisfied on % or 7 % before $ the Termin oni at Date, $ then $ the : %" $ ? 7 $ " outtsanding *% * principal balcane of the > Loan and all accue r d and * unpa d i $ % '$ interest and all $ 5 other " ' amounts * < payable % under $ the > Loan $'$ ' " $ K Docum nts e shall " becom e "" $ < immeed lyiat due and * < paeybal withtou *% ' $" $ prese m tn en ,t demand , *% $ '$ protest, $ not cei of + $ $ intent to % $ acceler e,ta ? " $' % 5 " 7 B Q % " $' notice of % $ % acceleratio n or 5 not cei requ rem nt ies of < any % other ! kind, all 7 of which are wa ved i by , %% % Borrower and > % Lender " < may N % N' execr ise < any < % ' or all 7 of ' its % ' rights % under $ the > ? " ' Loan Docm u, nest unhind edre by thi s -" " $; Amendm en t: " % < (a) B , %% % Borrowre has N $ exec tedu and 5 % de vi erled this -" " $ Amendment to > Lend ,re and > % Lender ' has N $ executed B ' this -" " $; Amendm nt ;e $ ' ' (b) B > % ' Lend ser' receipt K of a B fee in $ the " amount 7 of $3 000 00 , ;. and % *$ [ ; (c) > % ' Lend s er' % *K receipt 7 of all $ % other " $' docume , snt 7 %" $ inform ontai and $ % other *% $ ' % Q % preconditions required < by Lender. > % B 0 ' 7. Reservation 7 0 $' of Rights. : Though > % Lender ' is % agreeing $ to " amend $ the > Loan ' as ' $ set 7 forth % heren,i Lender % ' %5 ' reserves > % > all rights and % " ' remedies to which it ' is, % or " < may " becom ,e < $ $ legally entitled $ under the Loan "" $' Documents . - % < Accordingly , $ ' this -" " $ Amendment % does not '$ $ $ constitute a 5 % waiver of < any % $ right % or % " < remedy B K that " < may % or in the future ' does " become 5 available $ to > % $ Lender or of any default % or ' $ < $ /5 K Event 7 of ? 7 $ Default "E occurrgin $ % after $ the daet 7 of ' this -" " $ Amendm ent. ' $ 8. I 1 $ 6 $ % -" " $ No "" $" $ Commitment ' as to Future 6 Financing . : ' This Amendmen t 88 is $ not a "" $" $ commi nt etm on $ the > % ' Lend s ' re * part $ to , % *7 5 prov dei Borrower or any % related entity " with < any + % futeur R finacning in < any " $ amount < beyond $ the $ %"' terms ' $ set 7 %$ forth + in $ ' this -" " $ Amendm nt. e % < $ $< ( 9. No 277' K Offset, ? 7 ' Defense % or " Claim. , %% % Borrow r e do $ not 5 have any (a) 77' $' offse st '$ agaistn the " $ amount * < payable % under $ the $ < B > % $ * <" $ Loan ? " ' Docum nets ; (b) ' ' defesnes $ to the payment K of < any " $' amounts % under $ the > Loan ? " $'; Docum ;enst or BB (c) "' clamis '$ against > % Lender in B $ $ connec onti wi th $ the > Loan ? " ' Document . s To the extent < any ' such "' claims do N '$ exist, , %% % Borrowe r % < 5 ' hereby waives $ " them $ to $ the fullest extent A ' N$ : $ N$ permitt de < by l aw. * %" $ 1 : 10. No F 5 5 Waiver. Th e N 5 %< exec on,uti del very i and 7 $E '' effectiess ve n of ' this -" " $ Amend tme n shall not, N *$ ' excetp as N*% '' < expreslys ' $ 7 ' * % prov ded i herein, oper eat as a 5 % wa vei r of < any % $ right, * % power % or % " < remedy of $ the > % % Lender undre the % $ Credit - % " $ Agreemen t or $ % other > Loan *% % " % % um ts, ne nor '$ $ constitute a wa ve i r of < any *% 5 '" pro onivis of $ the % $ Credit - 5 " Agreem etn or $ % othre > Loan ? " $' Docum nets . Doc ? " $' % 5 % 11. Expenses . : The , %% % Borrower ' shall * < pay on " demand all '$' cosst and N* ' ' expen ses incurred < by the Lender in connec on i t /N* ' ' $ > % %% with $ the *% * % $ prepa on,atri exe oncu, i t delivery, R filng i , and " '$% adm nira stoitin of $ ' this -" " $ Amendm nte (includin , g $ $ withtou " $ $ lim taition, Legal 6 ' Fees 7 N $ $ 5 %< B > K + %% + r in connenocti with " the *% * % prepa on atir of $ ' thsi -" " $ Amen t dnm e and 5 ' adviings the > % Lender ' as $ to $' its % $' rights, and the '$ cost 7 of < any % ] cret di incured $ 5 % $" 7 % % * %$' *% * %$ ' , %E' verifica noti reports % or R field N " $ ' exa on na si tmi of $ the , %% % ' Borrow s ' re propertise or !' books and % % ' reco . rd )s Borrow r's e oblig io sant to Lendre $ > K E ' % under $ ' this 4 $ Section ' shall ' %5 5 survive $ %" $ termination K of $ ' this -" " $ Amendmen t and % * <" $ repayment of , 5M' Borrsowe ' r $ ' obligsanoti to > ; '% Lender undre $ the K $ % $ Cret di - % " $ Ager eme t.n E 12. : Severability 7 of #% 5 ' ' Provisions . Th e 5 $< invalidity % or 7 %" !$< une ity l nfocea ri b of < any %" term % or *% 5 ' pro onvi is of $ ' this -" " $ Amendm , nte or 7 4 5 % " 7 K ' in the > Loan ? " $' Docum nts e, shall $ not affec t $ the 5 $< val dity i or 7" < enfocea r ilit yb of $ the % " remianing terms 7 of $ the > G Loa;n and each *% '" provis on i in B ' this " 77 $ % %"' + -" " $ % Amendm , t ne or $ the > ? " $' Loan Documen, ts ' as **% * " appropria ,te shall be 5 val d i and $ % enforceable to $ the P '$ fulel st N$ $ extent * %" permitted < by law. ' $ 8E 13. R Binding on R %' Heir,s 4 '' %' Succe sors s and -'' ' Assigns. : The *% 5 ' ' pro onsvisi of $ ' thsi -" " Amdme en nt shall bind $ the $ '* $ 5 respecti ev ' %'E * %' ' '' %' heisr, N $ %' exec ,surot persol an % *% ' 5 ' repreives se tatn, admin or ,ra sttis successo sr and ''i ' assigns 7 of $ the * 'E parties. " '$% $ %' Tri epl V Dairy Amend ment 0>2 RLOC 2014 -" " ^ ( 6 %'$ First -" " Amendmen t to > Loan ? "" ' Docusm et n 5 9 114 14. 9 $ $ Furth re -'' % ' Assurances . Boror wer % ' agrees $ to N $ execuet < any $ addition l a " $' docum tsne that " < may be '' %< necessary % or , %% % 6 %$ % 15. ) Execution in $ %* %$' Counterpart . s : ' This -" " " Amenm dnte may be N $ execudet in < any " % numb re 7 of $ %* %$' counteraprts , each 7 of wh chi " < /N $ 16. $ Governing > E Law. : ' This -" " $ Amnem d en t shall be $ %*% $ interpreted < by ** < apply ng i the ' laws 7 of $ the 4 $ State 7 7 % of Californ ia $ $ without ' & 5 % $ desired < by > % Lender $ to 77 $ $ effeecttua the $ $ intent and * %* ' purpose 7 of $ ' this -" " $ Amne dment. ' % $ ' when ' so N $ execu edt and 5 % deliv ed re shall be " deemed $ to be an % origi aln and all 7 of which $ ! taken $ $ % togethe r shall ' " constitu te but one and $ the ' '$"" $ ' " same instrum nt.e regard to its $ conflict 7 of law *% * ' principles. % % $ $' The * %$ ' parties 5 have ' signed $ ' this -" " $ Amendment $ 5 effecti ev ' as 7 of $ the < day and < % year R%'$ first % $$ written 5 above. : ,2002F/0 BORROW RE 9 % TRIPLE V ?-+0A DAIRY, a " % Californ ia general * %$ %' * partnership :0+#>/ By:_L_---= ~=---...:;;_~----/?F-0? I G EDWADR ->-?-2 VALADA O & % General # %$ % Partnre ,-?-2 VALADAO & % Geen ral # %$ % Partn re By: ,<; /g;yn t!/J N@5@W7 ()8 99 ?+ -4 DIMAS ->-?-2 VALADAO & % Geenral # % Partner By ,<; F \/)11 ~ @ Uucc/u-{) ->-5R- -0A MARY -1/ JAN2 Tr plie V Dairy -" " $ Amendm nte RLOC 9 2014 : * First -" " $ Amend ent m to > Loan ? " ' Docm us ent 6 ' $ 6 115 r ------------·-------- ·--- · -- ---·--····----. ---------- X LENDER >/1?/0 RABOBANK, 1 - N.A. 0-,2,-1. ,<; - -----·· M F .J 1 " ; +" R7 9 By: -: $ ; ~-i~ e_ --: :::-:1;-==--==--=~=--=µ:::~-:~:~ -~:·':~-:;: :""2 · +; ....f: : ,. ~·-~:rJ: +~~=-f,=tJ~. 8:.,... -.=¿-,,.:::-,:-ç:=-e=-r:::=- 'S - · + ==- ] E= B ) 2014 0>2 9 :% * Triple V ? %< Dairy -" " $ Amendment RLOC = ir 7 6 $' $ Amendmen t to > Loan ? " ' Documents First -" " $ 116 ,--------- -- Trip e l V Da ryi Amendment OC 2015 -" " $ RL ? %< 0>2 :% * ) 8 9 (=8 D "' 7 Cred % ; Heifer s Li> ne of t: i 361429 3- 4/ 21? :2 LOAN >2-1 DOCUMENTS ?2 U /1:4 SECOND AMENDMENT - //? /1A TO 5 the $ above 5 "7 % ? " $' $% ' $ : ' $ the $ > This ' is $ the ' second -" " $ Amendment to Loan Doc umen st evidencing refer ce ned tran saction (he reinafter t+ he B " % )E :0+#>/ V 7 Sep $ TRIPLE DAIRY ?-+0A % E " " lt ' 7 " 4 * " % "Amendmen . ' )t is $ ' dated as of et mber 2, 2015 . lt is ' between , a Ca iforn al i gen eral partnership * %$ %' * , %" $ and ! '' $ Lend > 7 '; banking % ("Borrower") and 0-,2,-1. RABOBANK , 1N.A., a national assoc ation i ("BC> %^ Lende . ) "r Borrower er agr ee as ows: ' foll 6 +$ +$ - % " " dated ? " % $ a , %% % > % 5 $ % % $ Decembe $ $ was ' prev " 8, that Borrower and Le nder hav e ente ed r into Cred t i Agreement r 10 ously i ame ded n by *% 5 ' < , 2013 < $ $ cert 4 *$ " % 17 9 ? " $' $ that certa n i 6 %'$ First Am en ment d to > Loan Documents dated September , 2014 and that ain Ex tenison Letter ed Au gsut 26, 2015 /N$ ' $ $ $ > $$ % dat ) -" " $ $ - '$ $ as other : Cred % all % ag % 7$ % % 7 %% ' the $ "C % $ - " $ (said agreement , ' as amended , ' is hereinafter referred to Credit Agreement . ') The t i Agreem ent and resem t ne " - % " % " $' % " $ B' 5 E 7 5 herei ? " $'] 7 " > are * %* ' ' ' % and ins r t u m e n s t req uired by Le nd e r for pur p oses of evi d g ci n e or securi g n the Loan n referred 'Loan Docu ts" nm .e % Q % % $ "' to '$% " $' ' ^> $ as < > 'K 7 % the $ / this -" " $ $ $ i ' $ $ % ? " $' and no Each * $ capita ized l term dment n that s R defined in other > Loan Documents t defined dme nt n will ' in $ ' Ame C ( Ame -" " R in+ this $ %" used be : ' Amendment -" " $ will 5 % with $*% $ in $ $ > interpreted accordance $ the $ Draft ?% 7$ " '* R have $ the meaning specified in that Loan ? " $ Document. This ngi Co ons vnent .i 5 $ ' 7 the % tC ' > ? " $' Borrower and Lender wish amend certain s n of an Docum tsne as t forth his Am en. dme t n Lo *% 5 ' ' ' se provisio 7 %$ in % N " > % , %% % -" " $ ' to $ further ' $ " ""Y /N * ' modified " R by $ ' 1. Orig nali Instruments to 0 " Remain + in Effect. Ex cept as s Am nedm nt ,e eac h of K the -" " > $ Loan $% " $' $ < thi 5 % 5 $ arises are ? " $' ' remai % " 77 " and % valid $ t$ % $ %"' % ' ' between Documents shall n " in effect , bind ngi and enforceab e l accord ng i to heir terms . If++ any $ < conflict ' contro -" " $ ""K $ this this t and the original Loa n Documents , then dm nnte shall l. ? " $' $ ' Ame B ' Amendmen -" " $ > $ % K % the date after 7 this Amendmen $ of -" " $ t, each ce in the an Doc uments % % $ Lo " referen ? " $' > /"" On and like terms $ %"' shall mea " a ref % % n an d be erence to the Docume ts n $ Loan > ? " $' Effect on Loan ts. ne / $ > Docum (a) B C % C E % 7 M C % % ^ "here $ to "t]$ ' hsi - % " C Agreeme ,t"n un der," "hereof ' , "her e'ni an d ' such other ' " $ ' -" " $ as amended by Amend. tme n < this $ ! $ ' ' $ "' stated $ changes '$ $ herei '' % ' " " $' {b) Effect of this Ame dme nl n Un ess l otherwise , n the and amendm snte conta nedi in this $ $ ' B+ E this ]-" " $ Eff R%'$ ' $ * * % % * $ ' Amendment ' -" " $ -" " $ (the Ame nment d shall be ev as of the date first set forth n the paragraph to ectiev 77 $ 5 ' 7 " $ 7 i $ opening /77 $ 5 effecti B$ "Amendment Dateì . ?- " E $ % $ > of 7 Credit D 7 %' Li> 2. Increase $ to the Heifers Line Credit 1 $ Note. : $ That certa n i Heifers ne of e in the ginal amount $ D 7 %' % $ Not 1 $ $ ori % 'K " of 7 $500,000 00 . executed ' as of December 10 , 2013 , in ecntio wi th the Credit Agr eem nt ,e as conn $ N $ - % " $ 7 ? " % 8 $ $ % $ ' amended ' hereby " is [) $ % ' to % < increased $6,000 000 00.. , ) Mod fied i Terms of th e Cred t i Agreement. e Credit s amended ows: - % " E Th $ % ] % $ Agreement : %"' : " as ' foll - % " $ i ' [ '; 3.8 ter $ %"' $ ' condition (a) The Line K of % $ Credit. /N *$ ' Except as amended low, all ms and s rel% R at ngi to all " be $ the $ Line $ Credit ' > of % sh > B rema n i in full and effect: % " + force $ " i. ; following : + 7 the Cr ' rep - % " $ % $ 5 * Section 1. 02 of edit Agr eement sha ll be laced in reyit and erdesed with 4 $ sup $ % < " its + ' ent ' * %' $ $ the : aggregate % $ unpa 1.02 Max mum i Amount. d i pri pal nci balan ce of must not * "* $ Loans -" $ The * > ' " '$ " " K the K % (ii) )\ of K + , %% $ lessor exceed the $6 000 000 00 , ,. or the Bor rng owi Base . '' % of: $ (i) , ' N B 65% B I + ii. t$ he follow ng:i ; "" 7 the Sec onit 1. 8 03 B (b) (ii) tedi Ag er em net sh all be ace d in it $' s entir ety and de with $ Cr % $ - % " $ ' repl % * 4 $ supersed ' * " " % $< B of (ii) B+ ] 0 5 ] , %% %E' 'E igible l Accounts e" l me ans the net am ount of ow rer's Acc ounts " ' - $' Receivab $ $ $ Bor " $ - $' % $ % ' % ' offsets 7 an ' $' ' $' of Receivab ,e l excluding all returns, discoun ,st cre dits and y na ture. Unl ess otherwise 0 5 N $ % '' % to < $ % ' agreed $ by < 0 5 $ include > % Acc Lender i n writing , /R - 'E Eligib el Account s Rece e ivab l do not ounts Rece bl i:aev (A) pect to - ' 0 5 " E res % '* $ + B- with 7 , %% % % ag $ account ' an $ % is which emp oyee l or ent of Borrower , (B) pect to chi the ount debtor $ debtor "* < res the $ wh % '* $ $ acc $ $ % BI with % $' liated i with rrower or its shar olders he , office , sr or recto , sr (C) tc to is a ' ' $< subsidiary $ of, or % aff , %% ; Bo 7R ' % di ' % $' 77 %' $ respe % % $ '* $ $ B with % oth whi ch ' goods % are " placed on consignm ,t ne gu aranteed ' E sale, or er terms n of ch the ment by ' " $ % $ $ %"' by % ' 7 whi $ pay * <" $ < reaso < Tri epl V Dairy -" " $ Amendment 0>2 RLOC 201 5 " ) ? 5< Second -"" " Amend ment to > Loan ? " ' Doc ments u 4 " $ 117 ,-- ----------------- --------- -·- - - -------· --- +4 not K a % ' $ K the % '* $ + $ " $ respect " the $ account $ % debtor may be $ conditional , B? (D) with to wh chi the account $ % debtor is resident of " < $ $ % N$ $ % ' ** 0 5 ' Acco the $ ex - $' United 4$ $ 'E Stat, es N * except to tent such un ts Receivab e l are supported by , ' bonds, % or other ' % < insurance ' E'7 $ %< $ + which Borrower , 5" % , K " < " liab $ account '' % ' $ the assuran es c sat isfactory to > % Lender , (E) $ with + '* respect to is or may become e l to " B/ % % < $ account $ , %% % % $ % 7 % ' % to ' %5 ' $ debtor debtor for goods % or servi ces rendered by the Borrower, (F) are ' W subject $ to dispute , '* $ B6 which % ' $ "' $ % " > %, $' % counteclaim r, or setoff, B& (G) with % '* " respect $ to wh ich Lender in its ( ( sole ' % $ discret on, i deems " the % $ %$ '' creditworthiness or ' R $ R % has ' filed financial $ condit oni 7 of $ the $ account % debtor to be ' '7 %< unsatisfactory , (H) of < any $ account $ % debtor who or has BD 7 % an appl g relief ** $ $ % 7 % 7 '$ $ % had R filed '$ against it a * $ $ pet tioi n in !% *$ < bankruptcy or cation i for under any proviion s of < any state or < *% 5 ' ' 2 % % $ % =% 7 federal !% *$ < bankrup cy ,t inso vency l , or debtor efreli-inacts ; K or who has had ** $ appointed a "' truste,e '$ custodian , or $'; 5 ' 5 < ' " $ debtor $ %G % 5 % 7 % the '' $' $ R receiver for asse s t % of ' such account ; % or who has made an '' " $ assignment 7 % for the benefit 7 of cred tors i or % % $ %' % 7 ' ge B $' ' ' ' $' become % < " " has becom e ' 5 insolvent or fails nerally $ to * < pay $' its $' debts (induding its payro s)ll as such debts due, (I) * <% ' B $ United $ whi 4 $ ' government % < $ States 5 % " $ or $ % '* $ * " % $ with respect to ch $ the $ account $ % debtor ' is the any department or agency of the < "E 4$ $ ' , %% % ' Uniedt States % or < any '$ $ $ state or local 5 % " $ governmenta l $ $< entity '' unless Borrower has '' assigned $' its % $' rights to $ payment * <" $ of * %' $ $ the $ Assignment K 1940 "' 0 5 -'' " $ of ' $ such - " $' Accoun st Recei ble av to > % Lend, er pursuant to msi Act of as " amended , % or 7 Cla - $ (9 , ' % Q % " $ * %' $ % not $ R % ' pursuant $ to any similar '$ $ state % or K local law, % $ regulation % or requirement and are finance charges on $' account ,s < ' " % % !' % (J) whi ch % $ relate $ to R finance % or ' %5 service % ' charges, are holdbacks , bill and hol d or will call , *% = prebilled - , B ' N '' *% % '' * %7 uncomplet ed, progre ss ' 5 %= billing , s ovebilled r- , billings in excess 7 '$' of costs, 5 % govern de by a perform nce a contr ,atc "* $ $% $ < % de '$ " % * ' $' ' W $ $% 7 %% bond ed, subjetc $ to ' $' offse ,st trade, '$ $ $ %< statutory ' lei ns, customer depos ts i or ferred revenu , e 7 % for $ work in % 5 % 7% " % $ ' sal % ' = 5 %< % more " G K - $ *% % '' ' 'E \ or progress, % or from retainag , e % $ $ retention, cash on deliv - - ry,e or cash es, (K) re 20% of an Acc ount B. whe 8 days 0 7% " a si' B> and are % 30 Rece vabel i from ngle $ accou t n % debtor ' is 30 or " % more 5 % over due (L) which days past * '$ the $ <' % 8 <' $ date 5 K 7 B $ $ $ $ % " due atter of (i) the date 7 of invo ce, i i f < any, % or BD (ii) the of 5 %< del ivery, or 8 30 <' days * '$ past the original dat e when ; l " ; ; ii.i ' % $ - % " $ 4 ' $' Section 10. 3 8 (b) (ii)i % of " the Cred t i Agr ement shall be % * replaced in its entir ety and superesded wit h ' * %' $ % $< B B1 " $ the foll owin :g C/ " " ' '$ %' (A) (iB i)i "El igible > 5 '$ ! Livestoc"k means ' bulls 5 ' calvse and steers ed < by , "" % Borrower B $ (not including B- own , %% % ' , %% %E' '$ " %' K $ % " % 'K Borrow s ' re interest + in. any dairy $$ cattle, if $ < any, which % are = co-owned $ with Borrower 's customers or other < %< 7 %' $ $ % $ at # %' ' B, Persons , ) (B) $ locaed t at $ a $< dairy owned % or ' leased by Borrower, including % * " $ replacement heif ers located third < , %% % 5 %' $ ' * G R%'$ *% % $< * %7 $ party $ ' $ locations with *$ acceable pt signed l % andlord wai vers in place ; (C) subject to a first priority perfec ted ' % < secutyri * < B ' W $ $ % '$ $ any > 7 5 % + 5 % %$ interest " in favor of > %; Lender; B? (D) $ not ' W $ subject to in favor of a # %' Person other than Lender ; and (E) > $G < Lien B/ E ' *$ otherwise acceblpt ea to > %G Lender ; iv. the 7 $ " ; follng:owi 7 the % Agreement 4 $ its - % " ' +$' % < $ Credit Sect on i 10. 3 8 (b) (vi) of shall be $ * replaced in entirety and ' * %' supers ded e with $ B B5 (vi) B + C " ' 'Va lue' mea ns (A) B- , %% %E' $ % '* $ '$ $ %" " % wi th resp ect to / Eligible > 5 '$ ! Livesto k,c Borrow s ' re cost deetenrm di in a man enr (B) B, $ 6 '$@ 'K wi th 5 '* $ respect / to Elgibli e Feed 5 ! %< Inven ory t, Cos CVtos to % grow * > % accetabl pe to Lender v.5 4 $ the $ + +$' - " $ supe $ $ the % < ' * %' Sectio n 10. 7 of Crtedi Agreement ' shall be % * replace d in its entir ety and esde rd with 7 follow ng: i 1.07 " $'M % # Required Payments: Maturity Date. , %% % K % ] $ Line ) 2 $ % the $ (a) Borrower ' + shall * < pay % accrued " % 'K interest on the of Credit on Octob re 5,) 2015 and on B ? C ? $ the + ' $ ""< " " fi fth < day of each mon th ' K after the Cloisng Date to Maut rity Dat.e : % ' % ' % (b) Th e * unpa d i *% * prinlciap balance 7 of, all * % unpaid accrude inte rest on, and all oth er charges B E % '* $ % " $ % $ $ the $ > ' D be * - '$ 8 under $ ' this ag reement with res pect to Line 7 of % $ Credit, shall paid on August 31, 2016 (the ty i B 'Matur "C Da.et)" 5 ? %< 0>2 Tr * plei V Dairy -%" " $ Amend en m t RLOC ) 20 51 4 K $ Second -" " $ Amendm en t to > Loan ? " = ' Documents 2 118 I ,-------------·-· -------------- 4. 9O 7 'G follows : - % hereby the " > ? " $' " $ %"' Defined . Capita zed i l terms 7 defined i n thi$ ' s sec tion are endde in Documents , as $ Loan * $ ' % < am , Tenns + O >+,20 Q to " equal $ the > int $ % ! ' % $ 77 % rat $ London # % , a 'LIBOR " " ' means, for Interest Period rate * % per annum erbank offered e as 7 % any 8 % $ < + $ % '$ # %' is ' des ' suc " $ % $ ICE + / - " '$% $ ' '' % administered the + / ICE Benchma rk Adm nistrat i nio (or re Pe rson that ignat de as cessor to " '$ % by , " %! $ the B % any < oth < $ ' rat 7 the 4 7 % 7 % * ' ' * %* ' ' of $' with $ a term + %" , " %! Admini $ " '$% $ $ - " '$% $ Benchmark trtion as for purposes admra ini ttsion of such e) for depo itss in U.S . dollars % $ % screen ' at Blo , " % "" $ applicab ** ** % on the ' 5 su $ event equ ent val i to ch + $ % '$ Interest Per ido appearing e l * page or coom mberg . (or , in the ch Q 5 $ # % ' B % $ su % scree % scr $ **% *% $ $ % ' % %" ' % the K such rat e does not appear on a , " % % Bloomb comrg .e pa ge or , n on approp ate ri pag e or een of r informat on i ' $ * * ' othe % $ ** % $ " to > % $ tim $ " $' reas 7% " time ' service that * ' ' publi es hs suc h % $ rate ' as sha ll be ' 7 selected by nder from e in its onable di ' 7 scre ion) t at $ % ' ' ' < Le $ $ no eve 5 $ ' the $ LI >+,20 l '' approam xte ily 1 ; 1 :00 " a.m., > London time ; *% 5 prov ded i tha t in nt shall BOR be ess than ; and , de *"5 provid $ " ; % G $ zero **% N " $ < > %E' Lende 7 % res ' $ $ % ' %5 Adjusted - W ' fro"" $ tim $ " % Q % " $' * ' $ furth e, r $ $ that $ the >+,20 LIBOR may m $ " time to e in s 'r discr oni te for erve requ rem i nts e. deposit $ %$ % " < be '$' $ % ot i ' % nsurance asse mnesst rates and her regu aot ryl cost s. % " '' ''" $ % $ %< * $ % $ to 5 her ' be in addition $ the ' ** " $ Any capital zedi terms chi are added eni sh all supp emenl t and ed terms % $ capitaliz $ %"' wh $ %"' in - < * $ % whic sup % * ' rep * R the Loan ? " $' Documnets and any taliized terms h are ed shall acle and se ered the " R ' " $ > $ %"' herein % modifi $ same ' * %' < cap $ %" in de fined term its ent ietry. $' R % $< 5.) Loan ?2 " ' Documents , > % (a) B E % *% ' $ $ ' Borrower' s 0 " ' " ' Represent tions. a ln repretat nseions and anti es mad e by , " %M' warr $ to %% $ ' + addition the " , %% % in the $ < Borrower $ Lend ' foll 7 ' > % Borrowre warr nats and % *% ' $' repreents s to er as ow:s , %% % %% "' %' * % struct 7 Borrower 1 , %% % or No Change in Borrower . Th ere has n any e i+ n the p ihsre or ure of : % B % ' not $ own ' % % + , %% % $ bee ; their < chang 7 force > % in ? " $' effe $ 7 % and > % wi $ the Loa + full that $ $ the % '* $ busin ss ;e tha t the resolutions *% 5 provided d8 to Lender th res pect to n Doc umenst are c;t and $G ' ''G B % ' ' $ 7 and 7 the $ act $ +7 any $ fore 7 % **% *% $ If %' % " undersign ed remain $ % authorized to on beh alf of bind , %% % ' Borrower as appropriate. going is ' i % $ % naccurate or $ < of hold Lend %" '' 7% " > % incorrect, in < any < way, the er igned s , as s, laud ee to indemn fy i and er ha em rssl from any l clai ms, $ und ' indivi $ " 7< al 5 ' agr % "' %' $ < and losses % or " ' damag se $ $ that > % Lender N* % ' expeernisec or incurs as a % ' $ result. '' ' % %' ' $ % the $ *' (b) No /5 $ Event of is no etn of Def t l ua or nt wh chi , wi ht no ceit or lapse of d l be 5 " : % ' ? $ $ 1 7 Default. ? 7 $ There Ev /5 $ % eve $ time $ " wou B an /5 $ Event 7 of De fault under " the Loan Document . s ? 7 % > ? " $' 7 % $' > % (c) Warranty lnfonn tion a. Th e inform on at i furnish ed to r by er as of thi$ ' s Amendment e % , %% % : $ Lende ' part 7 %" $ -" " $ wer + 7 %" $ F * %$ < Borrow B the $ Bor , $ $ > furnish ed ' as a " $ % materi l a " $ inducement for Lender to fy i the s of Loan with rower an d $' is in+ " formatio n upon chi the 7 % > % B $ %"' $ mod $ term * wh 7 % ' " < gua % %% $' Lender +4 is % < relying on in gr angnti the terms hereund r.e Bo rrow re furt her warrants and rtee an s that info on m rati gi 5 ven to$ % $ ' $ $ all $ %"' 5 % , "" % the > % % "" " $ , % ' % *% ' $' $ 'E * % $ the Lender ' is com ple ,et accurate and snt Bo srrow ' re fi7" nancial an d operat ng i cond tion i. s fully % $ $ > % "* $ 7 < represe F " ] A % *% ' $ $ ' wa K Borrow %% $ ' (d) Continuin g 0 % ' ' Representation s and Warr nti aes . Th e rep resentatio ns and rranies t of r e set , %% % $ ' $ forth 7 in B % '* $' " $ % the Loan ? " $' Docum nt se are e, %% $ correct, and complet e in all ma alteir res pec.st "* $ $ > % tru B" 6. obfiqation ' Condition s of this Amendment. nder sh all hav e no uet this nte or rform its 5 $ ' Amendm > % N $ 7 $ ' $ exec % pe d' $ to * %" -" " $ -" " $ Le $ ' % befor ' $ 'R on obligat ons i undre $ ' this -" " $ Amendment unl ess and until the follow ng i cond on it si are e Oct ober 2, 2015 $ $ ' % satisfied or 7 % 2 % ) $ ' 5 '' or B]: M % $ ' $ 'R ? $ ^ +7 % bef ? $ $ Term *% : %" $ ' $ ("Terminati no Dat . ) e" If $ the foll ng owi cond tionsi prece t ned are not sat sfie id on oer the on nati i Da et , t$ hen the + ? * F 5 'K > accru un all ot $ % " $' % " Lo > outsng tandi princpi al balance $ of the n an d all de and paid int erest and her am ounts paya ebl und er the an $'$ $ Loa *% * * < 7 int + $ Docum ent s shall " become "" $ < immia ledty due and * < payaleb wi thout pr esentm nt ,e dema n,d pro et, st not ice of ent to accelerate , $ ' $ $ *% ' " $ ? " "' % $ " *% $ '$ % wai 5 not cei of acceleration or not cei % Q % " $' reqiuremen ts of any er ! kind, all of wh ich are ved by er ma y exercise $ 7 , % and $ % N % ' any % $ % $ Lend > % < oth < < Borrower " < -" " $ $ ' Am % or all of its % $' rights und re the Loan Docu ts mn,e unh nde i rde by endmnet: $ > % K ' ? " $' % < this (a) B > % > % $ ' $ Lende ' execute $ ' Am -" " " Bor owre has det and 5 % delivered thi s Ame nd tmne to , r and Lender has d this endment ; N $ N $ ' execu -" " $ , %% % (b) B > %E' $ $3 Lender' s rece pt i K of a fee in $ the " amount of 000 00 , ; . E an d 7 )8 % *$ (e) > %E' oth $ % *% $ ' % Q % $ % $ *K Lensde' r receipt 7 of all oth er " $' docum ,nt se nform iont a and er precons onditi required by . > % i 7 %" $ < Lender B B Loa 7. Reserv taion of Rights. Th ough > % Lender ' is agree gin to nd the n as h her ei,n Le nder rese rves % " > 7 %$ 7 0 $' ' set : $ ' %5 ' )(K fort > $ % $ ame 0 ' %5 $ $ all rights and remed esi to which it is, or may , l < egally entitl ed un der t$ he Loa n Doc um . sen t Acc ding oy,r l this Am endme t n > ? " $' -" " $ - % < ' " " < become % 5 " < does cons tutie t a 5 % waiver $ of < any rig ht or remedy tha t may n the e does m e availa e lb to! Le nder or y defa ult or " futur 5 % $ 7 % $ '$ $ $ $ K $ i ' beco > % % of $ an 7 $ " ' not % " < or < Event 7 of ? Default occ rring u aft er the date of t.nd nm e K this -" " $ $ ' Ame /5 $ 7$ % % $' % " ' $ $ ' % Trip le V ? %< Dairy -" " $ Amendment RLOC 5 ) 0>2 201 : "' Second -" " Amendmen t to Loan Documen st $ 4 > ? " $' 3 119 ( B. I 1 % 6 No "" $" Comm tment i as $ to 6 Future Financing . "" $" $ : ' * to $ a $ > %E' $ -" " $ ' Th s i Amendment isnot commitmen t on the Lender s ' part 7 $ % ' $ fort $ ' -" " $ *% 5 provide , %% % Borrower % or < any % $ related $ $< entity $ with < any futur e R fina ngicn in < any " $ amount < beyond $ the $ %"' terms set h in thi s Amendment. $ 5 ( , %" % ' " $ pa 9. No 277' $ Offset, ? 7 ' Defense % or " Claim. Borrower do not have < any B (a) ' $' offsets against the amount yable % under the 1 * < % the $ Loan > Do > 5 in payment "' '$ Loan ? " $'G Docum nts e; (b) 7 ' ' defense s to of any amounts under cuments ; or B (c) claims against Lender $ the % ? " "'; > * <" $ 7 < " $' B : "' $ ex ' cla 7 '$ N$ $ > ? " $' N$ $ the $ fullest $ $ " to N '$ conncetion $ with $ the Loan Docum nts e. To the tent < any such ms i do exist , , % 5 Borrower hereby waives them extent % < 5 ' * %" $$ permitted < by law. 1 F 5 % $ ' : N $ -" " $ ' 5 %< ' express 10 . No Waiver . The execu on ti, del very i and 77 $ 5 '' 7 effectiven sse of thi s Ame dment n sha ll $ not. N *$ except as y l N*% '' < $ % N % $ % - % " $ or > *% 5 % " < 7 provided % herei,n * % $ operate ' 5 % as a waiver 7 of < any ri% $ ght, * % power % or remedy of $ the > % Lender % under the Credit Agreement other Loan > % other - % " $ $ % $ ? " $' 5 % $ B Loa Documents , % nor '" con tute its a wai ver of provision 7 of the Credit Agre m e ent or n Documents. any ? " "' < *% 5 ' 11. /N ' expenses N* ' ' $ Expense . s : The , %% % Borrower ' shall pay on " demand all '$' costs and incurred by the Le nder in conn eontci > '; * < < B K -" " $ R $ > 5 %< N $ with the *% * % $ prepar , tio na execution , deli very, filni g, and " '$% $ admini oni trats of $ ' this Ame dme n nt (iB $ $ ncludi ,g n withtou l " $ $ m i ta on iti , Legal 6 ' Fees 7 ' to + %% $ $ +$' % incurred + in " $$ conn oni tce with $ *% * % $ the preon parati of t$ ' hsi -" " $ Amendment and 5 '" advisi gn $ the > % Lender as its % $' rights, an d $ the '$ cost 7 of any t < credi N " $ ' 7 $ records) $ Le > % 5 % R $ % * %$' verificat on i reports K R or field examin tions a of the , % ' Borrower's *% * " ' propertie s % or !' books and . , %% %' Borrower's $ ' ob igations l to nder +" ' -" " $ %" $ 7 ' % * <" $ % 4++1+ / 4 $ $ $ under $ ' this Sect ion ' shall surv vei termin ontia of this Am endm nte and repayment of , %% %E' Borrower's $ ' obl gati i nos to > % Lender % under the % $ - % " $ edit Agr eement. Cr 7 $ $ %" or : % *% 5 ' % $< 4 5 % 12. Severab tyili of /"5 ' ' Prov ons si i. Th e 5 $< invalidity % or unenforceab ity il of < any term prov on si i of dment n , or 7 this " ' Ame % -" " $ $ %"' $ 5 $< $ Loan *% 5 ' > G eac $ ' in the Loan ? "" ' Documents , ' shall $ not 77 $ affect the valid ty i % or % $< enforceability of $ the % " rema ning i terms of the ; and h prov on si i i n thi s ' **% *% $ $ $ ''K extent N$ $ * %" $$ Amendmen t, % or $ the Loan Documents , as appropriat , e shall be 5 vadli and 7 % enforceab e l to the fullest permitt de < by law . > ? " $' -" " $ $ > 13 . 8 )$ Assigns -'' ' 7 this , $ ' Amendment *% 5 ' ' of -" " $ shall Bind ngi on R " Heirs, 4 ' %' Successors and . : The provisions bind $ the respec iv et ' % '* $ 5 '' ' 7 $ * %$ ' ' '' %' assigns % *% ' $ $ 5 ' * %' heirs, N $ %' exectors u , persona l representatives , " '$% $ %' adm stra ni ors it , successors and of the part es.i %' 9 14 . $ N % ' " ' that 6 %$ % -'' % ' $ $ " < nec % Further Assurances . , %% % Borrowe r agre se to execute any itonal i documents may be essary or '' %< < add $ ' thi -" " $ ' % $ intent $ % * %* ' desired < by > % Lender to effectuate the and purpo es of s Amendment. $ $ /N $ -" " $ : ' N $ ) 15 . Execution in " Conu terparts . Th si Am dment en may be exec uted in any of count rparts, e each of chi " % $" %"%* ' 7 wh " < < number ' constitute % ' ' N $ '$ $ $ but $ $ when so executde and 5 % del vered i shall be " deemed $ to be an orig nali and all 7 of wh chi $ ! taken $ $ % together shall one and the ' " same '$% " $ instrument. 16. 7 the $ 4$ K & 5 "" Governing > E Law. : ' Th si -" " Amendm nte wi l be 5 % governed and i+ $ %*% $ nterpreted by ng yi l t+ he ' laws of State of ** < < app 4$ C > $ K % Ca ifornia l (the C& 5 % "Governing Law St a)te" without + regadr to $' its = $ conflict of ' laws *% * ' principles . B B -" "'" 0$ " :" Trip e l V Da ryi Amendm en t RLOC 20 51 ? < I""K Seco dn -" "$ " Amendmen t to > Loan ? " 5 ' Document s 4 120 7 $ The * %$ ' part esi have ' signed $ ' this -" " $ Amendm nte effetcive ' as of the < day and < % year R%'$ % $$ first writtne 5 E above. 77 $ 5 : 5 ,2002F/0 BORROW RE % TR PLI E V ?-+0A DAIRY, a 7 % Cal forni ia general * %$ %' * partnership :0+#>/ By: ( Ú EDWARD ->-?-2 VALADA O /?F-0? o/ & % # %$ % ì} ; Y/ ,,U/]{Lt. . U kl, ----l_ld;:,, ->-?-2 VALADAO 8 @ ; ,,22/j( i ÓÁ - ->- - 2 ALA Geenral Partner # %$ % & % cvJ.h,v,",,jQ\~ \'~, e\\ By: O TERRA VALADA :/00- ->-?-2 . Q,, -6; Genelar Partner & % # $ By: ,-?-2 DIMAS VALADAO + F >2 F 4f!P~ ~@ J & % General # %$ % Partner , A?-2H@ Gealenr Partne # & % :% * 0>2 Tr pli e V ? %< Dairy -" " Amendm t ne RLOC ) 2015 > Second -" " $ Amendm en t to Loan ? " $' Documents 4 5 121 $ ' ' $ $ $ perform N $ -" " $ > $ 5 * % %" it+$' 7. Condit onsi 8 (8; of r sh all hav e no obligat on i to exec uet thi s Am endm nte or s K this $ ' Amendment. -" " $ Lende % 7 % $ foll ' $ 'R on or $ bef " % $ ' '' $ ' Amendm -" " $ obligations % under this nte un ess l and until the owing conditi sno are satisfied oer Mar ch 10 , 2017 $ ' B]: %" $ ? ("Termina ion t Da .te) " > % bef : %" ' $ '7 B $ ' 7 or % *% $ $ satisfi $ foll $ Ter If the ng owi conditi s no prece dnte ar % e not ed on ore the nation mi Date n the ? $ , the +K > all % unpaid * i $ % '$ oth $ % " $' % the $ Loan *% * outs anding t principal balance 7 of $ the > Loan and accrued and nteer st an d all er amount s payab le under $'$ * < $ $ " *% ' $" $ acce $ $ *% $ '$ Document s C shall " become "" $ < immdeate i ly due and pa eyabl without prese nnt ,tm e deman,d prot est, noti ce of K int ent to ler e,at ? " $' * < whi % wai F,+ / , %% % Len ZZ of > ; N % ' % Q % " $' notice E of acce eariotnl or ce require m nt se of K any other ki! nd, all ch are ved by er and der ma y exe se icr any % noti $ % $ $ < 5 " < < < Borrow % -" " $; % or all of i $' ts $ ' rights % under the $ > Loan ? " $' Documents , unh inderde by is Ame ndment: < th ' (a) B 5 % del $ > %G -" " $ , %% % ' N $ Borrower has execu edt and iveedr t$ ' his Ame nd mnte to Lend ; er (b) B 7 $5 P " > % Borrower has pa di to nder a loan fee in t$ he am ount of 00, 0.00; ' * $ Le , %% % )) G B (e) 5 % > $ ' % $ Lend $ %" provi % " $ Lender has executed and iveed r to re a su bordination ag reem ne, t in+ a form ded by ' N $ del *% 5 > % < (d) B $ Len Len der has ut de an d 5 % delivered to der a sev erance and ent agree t,m ne in a form > % N $ ' 5 % cons > % ' exec ' $ % " $ (e) B > % ' ot $ % s ' r receipt her doc umen ,s t i+ 7 %" $ nformatio n an d oth er preco ndi tio ns required by , er Lende all 5 *% $ ' % Q % " $' % *$ of > % < Lend F 7 , %% % + any $ of debt ' % $ all ? Lender, wh erein the t i ' s " made sub ordinate to Borrower to$ Le nd ; re WM Deb > % < and > %E 5"E -& HO F/4: TULAR >> E D2>?+1&4 $< prov dedi by der, wh en rei WEST E AG LDIN GS, LLC , a Ca ifol rnia l " $ m i ited liab tyi il comp ny a, cons enst to$ ' $' : >-0/ % *% 5 > "* < < Len " $ is cert $ %$ % pr ) loca > *% * % <; the remol av < by Lende r of % Coate ll alr that edt on ain real ope;rty and $ % " 5 cr *% ' '' " $' pr N " ass $ ; all , %% % % " ' " 5 %' with inclug, dni out li+$" mon itat , i executed gnmen i s t of oceeds for eame esri wh ere Borrowe r del vi ers dai ry %< *5 ' products . % " t$ . : > % " $ Loa > ' set ) 8 forth > % % ' %5 ' 7 %" her % 8. Reservat Rights Though Len der i+' s agreeing o am end the n as ein, Lend re rese rves 0 '' nio$ of 0 I % ma % $ Loan " ? " $' ] "' > Doc $ ' -" " $ all rights and % " ' remedies $ to whi ch it ' is, or y beco ,m e lega y ll " $$ entitled und er the umen .ts According ,y l thi s Amendment < - % < " < % 5 " % remed 7 $ % $ > % not '$ $ $ con tusetit a wa vei r of 7 any right or y t$ $ hat ma y or in the er does ome avai able l to Len der or % 7 of any ltu or does $ 7 K $ futu 5 % ' ' bec % % " < " < < $ $ < defa K t$ ' -" " $ % $ 7 ? 7 $ da Evetn of Defualt %% occu ng ri r after the et of hsi Amendmen t. /5 K $ 9. ( > %M' D ' -" " $ $ 6 $ % 6 $ Future "" $" No "" $" $ Commitme t n ' as to Financ ng. i Th is Am endm nte is;) not a comm tm tne i on s' r part o 1 the $ Lende * %$ t$ + % $ terms )(K forth provide , %% % Borrower % or any ated < enitty $ with any ure fiR nacning i n an y amo un t be yond the s Amendme nt. $ %"' set " $ $ " in+ thi % Z -" " $ ' < *% 5 < fut < < rel " $ 5 , %% % ' % Claim % " $ 10. No Defense or . Borrower does not have any ets against oun t pa yabel und er '$ the $ am 277' $ ? $ ' 1 Offset, * < $ 77' $' < (a) B offs $ < " $' % the Loa > % (c) > % $ * <" $ ? " $'G "' '$ ' ' to the Loan ? " $' Docmen u;s t payment of any amo nts u under n Docu ; sm etn or agai tsn Le nder in $ the > B{b) defenses B claims ' claims "' , %% % % < B '$ connencoti with $ the > Loan Documents . To the N$ $ extent any do exist , Borrower hereby wa ves i the m t$ o the t ext ent : $ 5 ' $ " N$ $ ? " $' $ N ' $ fulles < such * %" permitt de by law. < 11. No F 5 Waiver. The ,uio nt delivrey an d effec ivees t ns of s Am endm nte sha ll not pt as erssly : exec $ ' 77 $ 5 '' ' -" " $ 1 7 thi N $ 5 %< $, exce ' exp N*% '' < N * 5 % > % % remed $ Le % provid de here i,n * % $ opear te ' as a wa iver K of any ht, * 5 powre or y of nder und er the Cre t id Ag er ent me or her Loa n 7 the % ot C " - % " $ % " < $ % % % K > *% 5 < rig % the % $ Agreement % oth $ Credit - % " $ or *" +4+2 any $ % ? " $' 5 > Docuts m ne, nor ' $ conistetut a wa ver i of onis i of er Loa n Docume . snt ? " $' ; < prov demand cos ' pay " all ' ' $ Len > % 12. Expenses. The Borrower shall st an d expe se ns i" ncurred by der in" connec no ti : , %% % N* ' ' /N ' ' * < on < the 7 this wi th $ the *% * % $ preparation , execu ,iont del ivery. filR ng i , and tration s of t (inclu ding , wit ohut limita on, ti Leg al Fees " "' % $ ' Amendmen -" " admini $ $ " $ 6 ' $ N $ B+ > 5 %< 5 ' -" " $ incur ed r in $ connection wit h $ the *% * % $ preparation 7 of this nte and ng i the r as ghts, and cost of y credit C ' Amendm $ Lende > % G ri% $' $ K an advis the $ + %% ' to $ its $ '$ < , %% %E' , %% % ' $ the $ Bo N " $ ' of *% * " ' % R % !' ifica iont reposrt or field examinations rower's r prope ies rt or books and reco rd s}. Bor sowe r'r obl ons igati to$ Len der ver % * %$' > % 5 % R $ $ ' % $ ' -" " repayment $ ' Amendm under thi s 4 $ Sec ion t shall ' % 5 survive t %"R ermina iont of K this nte and s ' obliga siont to der unde r the , %% %' C ' % % $ ' ' Len > % "" %] of $ Borrower - % " $ % $ Credit Ag ee r ment. 7 #% 5 ' G % un $ %" $ ' Am 4 5 % of 8 13. Severability Provi ions s . The invalidity or enfo ceabi r lity of m or % pro vision of endm nt. e or 7 any 7 this % : 5 $< *% 5 ' 7 % $< -" " $ < ter % " $ %"' % 7 % $< t$ K the *% 5 ' in the > Loan Doc um nts. e sh all K not R affect the dity or enforcea yit l bi of he rema ningi terms of ;n an d eac h provisio n in t ' hsi $ vali $ Loa ' ? " $' 5 $< > ; 5 7 '$ ' Am endment, or $ the Loan Docme u, nst as propria ,e t ll be d and focr eable to lest ext ent pe rmitted by > ? " $' ' ap vali en % E **% *% $ sha * %" $$ N$ $ $ ful % $ the -" " $ < law. + $ 14. 9 Bi,Z nding on s, Successors signs. The proivsions of dment n sha ll bind teiv ' As : *% ' ' K this ' Ame "" the$ respec -" " D %; 4 '' %' and '* $ -'' ' Heir heir,s N $ 5' exec ,to sur per salon representat ves , i administrators , suc cessors and es.i ' '' %' assigns $ part '' ' of "" ' " % * $' % *% ' 'E the " ' %' 15. ) % ' necessary Furth re -'' % ' Assur nc ae. s Borrower s to exe etuc any hat may , % agree $ documents $ N $ " $' t$ $ 6 %$ % % '' %< or < additional " < be + K this desired < by > % Lender to the intent es of t. $ $ and C ) Amendmen -" " $ ' % effectuate purpo * %* ' 7 $ $ + ^8 8 8 E(8(8 5 1939 27 3v1 / 173 28 730 1 T+ * ripie V5 ? < Dairy Thir"" d Amendmenl ts > Documen -" " Loan ""' 5) ·-·--- -·-------- 127 : ' /N $ 16. Execution in $ % 'E Count rts. rp ae This -" " Amendme nt " < may be N $ execued t in < any " % numbe r 7 of $ 5* ' countrearts p, each of which E when ' so N $ execued t and 5 % devered li shall be " deemed $ to be an % original and all 7 of " which $ ! taken " $ % togeeth r shall " ' constitute but one and the ' ' $ " same + '$% " $ instument. r ' " 17. ' $ + ' & 5 % Governing > E Law. Thi s -" " $ Ame dme n nt sh all be $ %*% $ interpr ed et by ** < applyin g the laws 7 of the Staet 7 of 7 % Californi a wi thout $ 4 $ : 4 CK < regard $ to $' its conflitc 7 of law *5 "* 'E prin es c. ipl ; % I % C 18. Optically " Imaged 0 *% $ ' Reproductions. > % Lendre " < may " ! make an *$ < opticlly a +" imaged % *% $ reprodu on ict of < any or all > Loan 7 2 $ < ' $ E Docu ntem s and, K at its electio, n destroy $ the % original % or $ ' origin s. la , %% % Borrow r e ' $' consntes to the destrucion t of $ the % origin l a or ori nals gi ? " $' $ '$% $ '$% < $ 7 % ' $ % *% $ and % ' ager es $ $ that a *< copy 7 of $ the *$ < optically " imaged reprodu tcion of < any > Loan ? " $ Docum nt e will be $ the Q 5 $ equivalent 7 of and for all * %* ' ' purposes $ C7 % 6 % " $ ' " con ut esit an ] % C "ori"gialn documen t. For *"* ' ' purposes 7 of $ ' this ' sectio ,n "for all *"* ' '] purposes " ' includes ' use 7 of $ the *$ < optically " imaged $ *% 5 % *% $ reprod iontcu (a) to prove $ the con tent of the % origanli doc um tne at $% trial, " E mediation , arb tra i onti or " '$% $ 5 % G admini tiv traes hearing ; (b) for any 7 $ 8 % % $% $ " $ $ $ 0 ; < B B % bu ness si purpos ; e B (c) 7 % for $ % interna l or N$ % externa l aud tsi and/or N " exa anotinmi by $ or on beh fal of & 5 % " $ Government la Authties ori ; (d) R in @ % '" '' * %* ' $' 7 - $ $ ' B < % canc nglie or $% ' %% tran ngfrsei r any " $G docume t; n and B (e) in W $ conjun on ci t with < any R % other $% ' $ transaction evidenc de by the % original documen t. $ 5 " $ < < $ ( F-+ /0 19. WAIV RE 26 OF :0+-> TRIAL ,A BY 0A JURY. :D/ THE #-0:+/4 PARTIES B- (A) 2 /1-1: COV NANT E AND -&0// AGREE 12: NOT :2 TO />/ : ELECT A :0+-> TRIAL ,A BY -1? - 0A JURY +1 IN -1A ANY - :+21 ACTION 20 OR #02 //?+1& PROCEE DING FOR TH E 0/42> :+21 RESOLUTION 26 OF -1A ANY ?+4# :/ DISPUT ,E TRYSOV RE OR >-+ CLAIM :D-: THAT 620 :D/ 21:02 /04A CON 0 ARI SES OUT OF 20 OR 0/>-:/4 RELATES :2; TO: B+ (I) :D+4 THIS AGR ;TEE NEM OR (li) ANY >2-1 LOAN ?2 /1: DOCUM NT, E WHTERHE ARISING +1 IN 2 : 26 FD/:D/0 -&0// /1:; -0+4/4 -0+4+1& 0 Z+ -1A :20: 20 CONTRAC , T TORT OR ,A BY 4:-: :/ ST A TUTE B+1?+ +? ->>A (INDIVIDUALLY -1? AND 2>>/ :+ />A COLL CTIV E LY, E A C "DISPUT ");E AND (8) :2 TO :D/ THE /L:/1: EXTN ET - 21:0- : +4/ :/C ; -1?, B, PERMITTED ,A BY -##>+ -,>/ APPLICABL E >-F LAW, D/0/,A HEREBY IRREVOCABLY F-+ / WAIVE ->> ALL 0+&D: RIGHT :2 TO - A :0+-> TRIAL ,A BY 0A JURY -4 AS TO +00/ 2 -,>A #/0 +::/? :2 ANY -1A ISSUE 0/>-:+1& RELATING D/0/:2 HERETO +1 IN ANY ACTION , #02 //?+1& PROCEEDING 0 OR 2 1:/0 >-+ COUNT RCLAIM E ARISING 2 : OUT 26 OF 20 OR 0/>-:+1& RELATING :2 TO -1 - :+21 +44 / -0+4+1& NT E TO :D/ THE /L:/1: EXTENT SUCH 0+&D: RIGHT /L+4:4 EXISTS 12F NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTUR E. :D/ THE #02 +4+214 PROVI IONS S OF :D+4 THIS ANY >2-1 LOAN ?2 /1: DOCUM -1A :2 4 D 26 SECTION -0/ ARE 4/#-0-:/>A SEPARAT LYE GIVEN ,A BY EACH PARTY .12F+1&>A KNOWINGLY -1? AND 2> 1:-0+>A; VOLUNTARILY; AND ARE - A -:/0+-> MAT RIAL E &+ /1 4/ :+21 /- D #-0: -1? -0/ 620 +1? / /1: INDUC NT EME FOR :D/ THE >/1?/0 LENDRE ENTR E ING INTO :D/ THE >2-1 LOAN ?2 /1:4 DOCUM NTS E. /1:/0+1& +1:2 $ +7 7 20. Joint and 4 5 % Sever l a 2 $ ' Obligtion a .s If , %% % Borrowre con sts is of " % more $ than one # %' E Perso,n each , %% % Borrower B (a) N*% '' < express y l ' ' ' $ $ ! ' 7$ " ack edg ow n sel that $ it ' has R$ benefited and will R$ benefit, directly and % $ Loan and ! ' ackno edges w l and %$ ! ' undetak r ,es % $ < 5 $ together with $ the $ % other , %% %' Borowe r ,s r joint and ' 5 % severl a $< liab ty li i for the punctlau paymen t when due, whether at $ ' $' sted at maturit , y < by B % W $ * $ * <" $ " $ % $< % acce eartion l or % ' otherwise, of all Obliga tions ; (b) ! ' acknowledge s that $ ' this % " $ agreem net is the indepe de tnn and ' 5 % sever l a $ obl gat i ion of 2 $ 'G % $ $ $ ' 7 $ * $ 7 B each , %% % Borrow re and " < may be 7 % enfocr ed againts each , %% % Borrower ' * % $ Loan % % ' '$ ? " $ +4 $ ,2002F/0 $ Docum nt e is ' ab utsoe,l unc,odn itiona l continuin g and 5 E irree.vocalb BORROWER /L#0/44>A EXPRESS YL WAISVE AN Y REQUIREME TN F-+ /4 -1A 0/U +0/ /1: :D-: -1 0+&D: THAT >/1?/0 LENDER /LD- 4: EXHAUST ANY RIGHT, POWER 20 OR 0/ /?A REME YD -1? AND #02 //? PROCE ED AGA NST I THE OTHER ,2002F/04 BORO RWE RS #2F/0 :D/ 2:D/0 -&-+14: UNDER :D+4 THIS AGREEMENT , 20 OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1:4 DOCUMENT ,S OR -&- 14: AGAIN ST ANY 2:D/0 OTHER #/0421 PERSON 1?/0 UNDER -1A ANY -&0// /1:Y 1?/0 -1A 20 GUA ARN TY OF, 20 OR 4/ 0+:A SECR U ITY FOR, -1A ANY 26 OF :D/ THE 2,>+&-:+214 OBL GAT ONS.I I & -0-1:A 26 620 [R0 " % emainder of * page $ " < intentionally 7$ left !G blank; ' $ % signtaure page 'Y follow )s 7 * E(8(8 5 1939 327v1 / 1E ) 8 E 8 73730 28 1 + T:% * ripei V ? Dairy Third Amendme t n Loan ? " $ Docunt mes D " -" " > 6 128 I " 5 ' The * %$ ' par es it have ' signed thi$ ' s -" " $ Amdm ennet effect ve i as 7 of $ the < day and < % year R%'$ first % $$ written above. 77 $ 5 : 5 BORROW ER * %$ %' * TR PLIE V ? %< Dairy, a 7 % Caaliforni genearl pa rtsnehirp % :0+#>/ /? -0? ->-?-2 & $ # %$ % ?.F,M ->-?-&. & % # %$ % \ By~ ,<; )ú Chlo ',@%JE TERRA ->-?-2 VALADA ,O & % General # %$ % Patrner :/00- By 'D , f)~{Y] JrJúk¿ "" ?+ -4 DIMAS ->-?-2 VALADAO , & % General # %$ % Patrner ,<; S "] 9 P V -1 ?-2 -0A R & % # %$ % 1 (8(8 @5 @ 8 8 I 939327 1v / 173730 28 1 T:% * ripie V I Dairy : % -" " $ Third Amendm t ne > Loan ? " $' Docusmen t 7 129 ( Y X >/1?/0 LENDER 0-,2,-1. RABOBANK , 1 - N.A. ,<; By~ ~Ld:c/} 1 7 @ R Ti~' e:lt : $ ; I (8(8 5 @ 8 8 1939327v1 / 17373. 0128 T: * ripei V ? %< Dairy : %% > ? " $' rd -" " $ Amnetdm ne Loa n Doc um ntse Thi J # )\ B9 I 8 130 8 EXHIBIT 131 Rabobank, 1 - N.A. 0 ! Commercial > Loan - " '$% $ Admi ni strati on 4 %5 ' Services "" % [ $ Office % '' address 8998 3443 Sourh < Mooney , 5 Blvd 27R Visalia, B- CA (8 93277 " Mailing 5 '' address 899 3443 4 $ South < Mooney , 5 Blvd - ' Visalia, CA (8 932 77 Telephone ))(=)I)=88(8 559-585-3393 : * August 26, ) 201 5 - '$ Triple V Dairy, a 7 % % California general * %$ %' * partnership :% * ? %< 6305 -5 Ave 176 8 ) Tulare, Ca 93274 (8 9 : % 8 9 (=8 Re: RNA > Loan Number 3 1 " % 3614290 ; 01- Dairy Line 7 of % $ Credi t [) $500,000.0 0 D % @ Feed 6 > ? %< Herd/ Extension of : %"' Tenns 7 of > Loan /N$ ' 7 Dear , %% % Borrower, ? % This will R%" confirm $ $ that Rabobank, N.A. BC, !C ("Bank") ' has % agreed $ to N$ extend the above$ 5 = : ' 0 ! 1 - referenced Joan B$ (the ]> ] "Loan") on $ the 7 $ %"' following terms and $ '; conditions: % 7 % 1. The Original Loan ? " $' Documents Will Remain in Effect. The % original loan : F 0 " 2% > /77 $ : document s for this > Loan $ $ that % were N $ executed on % or $ about ? " % December 10, 2013 B ' (as " $' 7 % $ ' 8 ? " $'] amended, $ the ]> "Loan Docu ments") ' shall % " remain in 7 full 7 % force and 77 $ effect N *$ except ' as " modified < by $ ' this $$ % letter. 4 Shoul d any conflict % ' arise $ between $ ' this $$ % letter and $ the > Loan " R < $ Documents, then $ ' this $$ % letter ' shall $% control. ? " $' $ 2. Maturity Date. : The " $ % $< maturity $ date on $ the > Loan ' shall be extended 7% " from - '$ August N$ $ % $< ? $ 31, ) 2015 $ to 4 *E " % September 8 30, ) 2015. This means all " $' amounts $'$ outstanding under the : ' " ' 8 % $ Loan will be due and payabl e on 4 *$ " % September 8 30, ) 2015. * < > 3. 4. / E $ All Other : %"' Tenns 0 " Remain in Full Force and other $ %"' terms and $ ' conditions 6 6 % 2$ % Effect. - $ % as set forth in $ the > ? " $' Loan Documents ' shall % " remain in 7 full 7 % force and 77 $ effect. ' ' $ 7 %$ No Commitment ' as to This % " $ agreement $ to N$ extend $ the 1 "" $" $ Future 6 : ' 6 $ % Financing. maturity $ date on $ ' this Loan is $ not a "" $" $ commitment $ to provide you % or < any % $ related > ' *% 5 < " $ % $< " $ E$< $ entity $ with < any 7 $ % future R financi ng in < any " " amount < beyond $ the N$ extended maturity date $ $< set 7 %$ forth in $ ' this $$ % letter. ' $ 5. 0 ' %5 $ Reservation of Though , ! Bank is ' % agreeing $ to $ ' this N$ ' extension ' as ' $ set 7 %$ forth 0 $' : 7 Rights. herein, it '* R < specifically % ' %5 ' reserves all % $' rights and % " ' remedies 5 available $ to $ it ' should $ ' this % $ Loan N* % experience 5 $ 7 an event of 7 default 7$ % after $ the % $ granting 7 of $ ' this N$ ' " extension. > (11/1 1) B EXHIBIT /LD+,+: I + 8 132 Rabobank 0 ! Page @ 2/2 # 5 % 7 Accordingly, $ ' this letter of any '$ $ $ a waiver % $ or $$ % does $ constitute ' not % remedy $ $ - % < % " < that < right 7 < may in $ the future become available any default or 5 $ event of $ Bank , ! or % of 7 $ % 7 default 5 to 7 $ % " 7 $ " < occurring 7$ % after the letter. $ ' $$ % $ date 7 this %% $ of 6. $ $ is ' Extension Fee. There is ' [ a $0.00 fee extension that due upon ion 7 for 7 % this $ ' N$ ' * execut N $ 6 : % /N$ ' of this letter. 7 $ ' $$ % F Finally, we would like you 7 % for your s. We will continue to e you ' '' $ $ provid *% 5 ! to $ ! < < % busines 6 < $ thank < with $ the '$ highest level of customer service for endeavors, so se keep $ 7 % your 7 $ % 5 %' ' plea ! * us '$ " % ' %5 * ' 5 7 ' in < % future mind when considering your future bus iness needs. ' '' ' " ' % < % 7 $ % XX %< E # H > ? " $ $ % cc: K 88 133 1 - Rabobank, N.A. 0 ! 4 %5 ' "" % Commercia l > Loan - " '$% $ Administration Services 0 ! Rabobank 9) E. 6 % # %! Pl 0 5 % Park / River 45 ace West F '$ 4 $ 9 Suite401 Fresno, (8 6% ' CA - 93720 (9 = (800) BI 942-6222 - '$ August26,2016 :% * Triple V ? %< Dairy Attention: David Valadao -$$ $ ; ? 5 (8 ( 17293 9 @ 1/2 -5 Avenue (8 8 D 7 % Hanford, - CA 93230 > Number > 7 % $ 1 " % 8 9 (H 8 D %' Line Loan 361429-03- H Heifers of Credit : %"' Extension of Terms /N$ ' 7 Re: 0 ; C Gentlemen, & $ " ); of D 7 7 the $ above 5 referenced $ current % % As < you are aware, the maturity date of loan (the fers i Line t'îi $C is+; Aug stu 31, + 7 % -' %% $ " $ % $< - '$ (the B$ ·He 8 2016 B$ ( K (K Cred * * $ % '$ and all other % amounts " $ owing % the under $ Heifers D 7 %' Line "Maturity Date' , ) on whch i $ date all principa , l interest > of 7 Credit % $ are $ due and ' have % shall 1+ * $ $ defined R herein 5 the $ meanings 7 %$ in " ' set payable. All capttalized $ %"' terms not ' $ forth the $ Loan > Documents ? " $' evidencing 5 the * < $ 7 % $ Heifers > Line of Cred t. i D 7 %' the $ > extension 5 requested % Q '$ an N$ ' of ? " $' have You, % or a ? ' $ Designated # %' Person $ R identified in Loan Documents, . A 7 the $ Maturity ? $ $ % $< Date B > %E has R%" $ $ This letter will confirm that 0 ! Rabobank, N.A . ("Lender") : ' $$ % 1 - ' agreed $ extend N$ the $ Heifers D 7 %' Line 7 Credit % $ on % to > of the $ following $ %"' and 7 terms cond tions: i $ '; "" 1. $ of : " $ % $< 7 the $ Heifers > of Credit ' be extended 7% " August % $ shall D %' Line Maturity Date. The maturity date to September N$ from - '$ 31, 8 2016 4 *$ " % 1 $ < ? $ ^ $ the 30, (the 'New Maturity Date") . Subject , Lender nue i to make 4 W $ to $ terms $ %"' of B$ 7 the $ Loan > Documents > % may ? " $' R $ 8 2016 " ! " < cont 7 Credit % $ from > ' under % the D 7 %' > 7 % $ Loans $ Heifers 7% " $ " D 7 %' > $ time " duri % $ period Heifers Line of Credit Line of time to gn the 7% " the $ date $ of 7 this * % from $ ' after "R< Date" 6% " and ? $ From + $ 7$ % the 7 this $ ' l $$ % $ term letter lo the 1 New Maturity date of etter, the > Documents % $ $ $ Loan $ %" 'Maturity ""< Date. ? " $' ? < in the ' " ? $ shall mean the New ""< Maturity Date . $ 1 2. ' remain ? " $' shall Loan Will 0 " Remain in Effect. The /77 $ > Documents 7 force : Loan > Documents % " in 7 % and full effect 77 $ except N *$ as ' ? " " % ' between $ ' letter $$ % and the $ Loan ' letter. $$ % 4 > Documents, $ this modified by this Should < any $ conflict arise " R < $$ % shall ' ? " $' then $ ' letter $ this control. $% 3. 8 Full - other Other Tenns 0 " Remain in Force and ' set /77 $ All Effect. conditions $ ' as 2 %: %"' $ % terms $ %"' and 7 %$ in the ' $ forth $ Loan ? " $' > Documents 6 6 )) shall % " rema n i in full and effect . $ " ' 7 force 77 $ 4. No "" $" Commitment as Financing. This agreement to Line of Credit is ' 1 to $ Future 6 $ % 6 : ' % " $ $ extend N$ the $ maturity $ on the $ Heifers D 7 %' > 7 % $ " $ % < date + any not commitment to any related "" $" $ $ provide *% 5 you % < % $ enlity " any 7 $ % financing 7 in $ a " $ beyond $ $< with < future < amount $ New 1 Maturity < or < the $ % $< Date set $ % forth in ? $ ' $ this B ' letter. $$ % 5. ) 7 Rights. 0 $' Though ' agreeing 0 ' %5 $ of % to : > % " % E < date $ extension Reservation Lender is 7 the N$ ' of $ maturity $ the $ as ' set ' $ forth 7 %$ herein, > % % Lender % $' and remedies ' Heifers specifically % ' %5 ' reserves all rights of Credit 5 to $ it $ should > 7 % " ' available D 7 %' Line % $ experience '* R < N* an event 5 $ of 7 default 7 $ 134 89 # Page 2 7 of 2 $ ' $$ % % any % $ % after $ the % $ granting K of $ ' this N$ ' extension . According y, l this letter ' does $ ' $ $ not constitute a 5 % waiver of or % " < remedy that - % < $ $ may < righi " < % 7 > % or " $ in the future " become 5 availab e l $ to Lender of any default % or 5 $ event 7 of default now exists, or that $ $ occurs N '$' % 7 $ that 7$ % the %' after $ < 7 $ $ $ $ % $ $ ' $$ % date of this letter. :% 5 ' $ < Q '$ ' Please $ $ contact < % your % $ ' * relationship " % manager, Travis Mann with any questio .s n #+ ' F $ $ the ' '' *% 5 < $ highest 5 of 7 customer '$ level would ! like $ to $ ! thank you for your . We will continue to provide you with '$ " % service ' %5 < % business < B % Finally, we 6 < considering ' % your 7 % ' '' ' for < % your 7 $ $ future 5 %' endeavors, ' so * ' please keep us in " mind when future business needs. ! * ' < % 7 $ % X ,:~ Mary %< Loan ? " $ $ Documentation % Manager > = 135 8) 1 - 0 ! N.A. Rabobank, 4 %5 ' "" % Commercial > Loan - " '$% $ Administration Services 0 ! Rabobank / River 9) £ 0 5 % Park # %! Place # West F '$ 45 4 7 9 Suite401 - 93720 (8 Fresno, CA (9 = (800) BI 942-6222 2 $ % October 11, 2016 :% * Triple V Dairy ? < ? 5 Valadao Attention : David - ; (8 17293 ( 91/2 Avenue @ -5 Hanford, - CA (8 8 93230 D 7 % 7 % $ of 8 9 (=8 -= Heifers D 7 %' Line Loan Credit > Number 1 " % 361429-3 : %"' Extension 7 of Terms /N$ ' Re: 0 ; Gentlemen , & $ " % $^ is of 7 the "7 % loan (the > of K Creditî ' September ) $ %% $ 5 referenced As < you % $ are aware, the current maturity " $ % $< date above c$c c%' Line 4 *$ " % 30 8 , 2016 -' B$ "Heifers $ Heifers " $' owing "K and $ all *% * other $ % amounts % the > of Credit % due under all % $ are D 7 %' Line (the "Maturity Date'), on which date principal, interest > Documents ' have $ Loan 5 the ? " $' evidencing 5 the " ' set - * $ $ meanings $ and capitalized terms not defined herein shall R % 7 in $ %"' $ payable. ' $ forth the * < All % Heifers D 7 %' Line > of 7 Credit. B$ X the $ Loan extension N$ ' of 7 > ? " $' You, or a Designated identified in Documents , have requested an the Maturity Date. 5 % Q '$ 6 $ R ? ' $ Person $ % $< ? $ A % 1- the % K on confirm ' % $ extend N$ the $ Heifers D 7 %' Line > of K Credit P following " terms $ %"' and This + % letter will A. B > %C ("Lender') has agreed to $ Rabobank, 0 ! N. : ' R%" that '; conditions: 1. ' be to Maturity Date. The , 2016 : maturity $ of 7 the $ Heifers D %' Line > of Credit % $ shall extended N$ from 7% " September $ 4 *$ " % 30 " "% $< date 8 < $ 1 Maturity ? $ 7 the Loan > Documents > % may $ to $ %"' of 4 W $ to $ the terms ? " $' B$ November (the "New '. ) Subject , Lender $ % Date 1 5 " % 30, $ 8 2016 " < continue * from $ Heifers 7 Credit 7% " time R" to $ time $ " during $ period % the % the % $ from make Heifers Line of Credit Loans under Line of 7% " the $ of D 7 %' > 7 " $ > ' $ date 7 D 7 %' > " ! C ] " Dale $ of 7 this ' letter, $ term %" "Maturity $ date this $$ %$ letter to the . From and after " in the 1 Maturity ? $ 6% " R % the > $ % $< Date $ New ' $$ % the $ Loan $ New Documents mean the Dale. $ % $< ? $ 1 Maturity ? " $' shall ' " F : Loan ' remain / The ? " $' shall F+++ 0 " % " in full 7 force 77 $ except 2. Documents WIii Remain in as > Documents 7 % and effect N *$ ' Loan > ? " "' Effect. 4 + any $ ' $ Loan modified by arise between s letter and the , then s letter shall $ ' $$ % 7R $ % ' ' $$ % $ thi $$ %G Should P ' letter. $ thi ? " $' " R > Documents < conflict < this control. $" 3.8 Other Tenns 0 Remain Force and in Full 6 6 % Effect. 2$ %: shall % " rem nia in full force and effect. 77 $ ' 7 7 % + - other conditions ' set ' $ forth 7 % i $ Loan $ ' as All n the ? " ' $ % terms $ %"' and > Documents $ extend on : ' agreement N$ the the $ Heifers D 7 %' Line % " $ to 4. No Commitment as to Future Financing. This > of 9 % $ is " $ % $< date $ maturity 7 Credit ' any $ any 7 $ % financing R in not a commitment you or " $ beyond % $ entity 1 Maturity % any * < $ "" $ " to $ provide $ New $ $< with < future < the $ % $< < related < amount " ' $ % Date ' $ set 7 %$ forth in this letter. ? $ 5. ) Reservation of Though Lender of the , Lender $ as ' set N$ ' 7 0 : ' $ forth ' agreeing herein > % is % to > % % $ the $ extension $ maturity 0 ' %5 $ " $ % $< date (7 Rights. specific ally reserves all rights s availabl e to e of $ it 0 should Credit 7 % " ' % $' and 5 N* % an ' the > D 7 %' Lin remedie 5 $ of % $ experience $ Heifers event '* R $< % ' $5 ' 136 8 # Page 2 of2 7 ' %$ a $ constitute N$ ' Accordingly $ ' letter 7 any ' not $ ' extension. $$ % does 5 % % $ or % remedy 7 $ default 7$ % after $ the % $ granting 7 of this , this waiver of - % < % " < < right 7 $ or > % or $ Lender % of % event $ the 5 to 7 any 5 $ of 7 default 7 $ that $ $ now exists, that " < may in % that $ future $ $ occurs R'$' or R K 7 $ become " available %' < default 7$ % $ 7 this $ ' $$ % after the $ date of letter. Q '$ ' Lim > " ' $ any # ' % $ ' * manager, Please $ $ contact your sa with . " % Michael < questions < % relationship F wi $ to $ provide *% 5 you $ the $ '$ 7 customer '$ " % service ' ' We wou d l li ! ke $ to thank for your ll continue highest le 5 vel of $ ! you ' %5 < with < % business. < 7 % Finally, we 6 < " when ' '' ' ' % cons ' in mind 7 $ % business ! * us for your future 5 %' endeavors, so ease keep dering i your needs. < % future 7 % ' pl* ' < % 7 $ % 4 ~ 1 Mary Nance %< > % Loan ? " $ $ Documentation Manager 137 8 Rabobank, N.A. 0 ! 1 - "" % Commercial Loan Administration 4 %5 ' Services > - " '$% $ 0 ! 9) £ / River # %! Place 0 Park # $K West 45 F '$ 4 $ 9 K Suite401 (8 Fresno, 6% ' CA - 93720 (9 = (800) BI 942-6222 1 5 " % November ) 25, 2016 :% * Triple V ? %< Dairy Attention: ? 5 David Valadao -$$ $ ; (8 -5 17293 ( 9 + 1/2 Avenue Hanford, - CA (8 8 93230 D % 8 9 (=8 = Heifers 7 Credit D %' Line > of $ Loan 1 " % 361429-3> Number 7 Terms : %"' Extension /N$ ' of Re: 0 ; GenHemen, & " CD 7 %' Line % $^ is (the +'7 $ loan $ current $ above 5 referenced of 7 Credit") +' November 1 5 " % 30 " $ " $ % $< As you % are aware, maturity $ date 7 of the % the B$ "Heifers -' < (the 8 , 2016 B$ all ? $ " $' owing %$ $ % 'E and "Maturity Date') , on $ which date all principal , interest the Heifers Credit are due and $ % amounts other under D 7 %' Line > of % $ % $ *% * 'K forth + the $ Loan > ? " $' evidencing 5 the $ meanings " ' set ' have B in R % * $ terms - capitalized $ defined . Documents payable. All herein shall 5 the $ $ %"' not * < Heifers Line of % $ Credit. > 7 D 7 %' extension N$ ' of % Q '$ an 7 the You or a ? ' $ Designated # %' Person identified Documents, 5 have requested > ? " $' $ Loan $ Maturity $ R in the ? $ . $ % $< Date A , % $ extend N$ the $ Heifer D 7 %' > of 7 % $ the B U %E has ' % This letter confirm that agreed to s Line Cred t i on : ' $ $ Rabobank, 1 - ('Lender') $$ % will R%" $ following 7 terms $ %"' and 0 ! N.A. conditions : $ '; N$ from $ Heifers 7 % $ ' be extended 7% " November 1. Maturity Date. maturity date Line of Credit shall D 7 %' > 1 5 " % 30, $ % ? $ The : " $ % $< $ of 7 the to $ 8 2016 7 the $ terms $ Loan $ %"' of {the the > Documents, > % may December 31, "New Maturity Date 1,' Subject to 4 W $ ? " $' Lender ? " % 8 2016 $ < ? $ C " R to B$ ]1 $ " < continue > 7 % $ 7% " time $ " to % the R" during " Heifers D 7 %' Line $ time make D 7 %' Heifers > Line of Loans under of Credit from % the % $ > ' " ! Credit $ period 7% " the $ date * % from $ of 7 7 this "C ] $ % $< Date . From and after date of , the " in+ the this $$ % letter to the 1 New $ % $< Maturity Date 7$ % the $ $ ' letter $ tern, 6% " ? $$ % $ %" "Maturity > $ ' $ $ " Loan 1 Maturity ? Documents . " the ' mean $ New $ % $< Date ? " $' shall 2. Effect. ? " $' shall > Documents Loan Documents Remain in as % " in ' remain > ? " Will 0 " ' $ The : Loan full force 7 % and effect 77 $ except N *$ ' $ ' $$ % d the Loan Documents , then this letter shall modified by this letter. Should any conflict arise between this letter an $ $ $ $$ % " R $ ' 4 % ' " > $ ' $$ % ? " $' ' < < control. " 3. 8 ' set - other con $ ' and $ % terms $ ' Other Tenns Remain i n Full . All ditions as 6 % and Effect ' $ forth 7 %$ in the $ Loan > Documents ? " $' 2$ % : %"' 0 " 6(YK Force ; 7 force 7 % and ' effect. 77 $ shall " rema n i in full 4. 9E $ extend $ maturity No Commitment as This agreement Heifers Line % " $ to N$ the 6 : ' ; to " $ % $< date $ on the $ D 7 %' > of 7 Credit % $ is 7 $ % Financing. ' 9 "" " $ 8( Future any 7 $ % financing + any not a "" $" $ commitment to entity with ty i *% 5 you % any R in % $ $ $< " $ beyond $ provide $ New 1 Matur $ < future < the < related < amount $ % $< < or + % ' $ 7 %$ $ ' letter Date forth in this . ? $ set $ extension $ maturity 5. ts. Though Lender is of the ,ni Lender ) Reservation 7 Righ : > % ' agreeing $ the N$ ' 7 $ as ' set )( forth 7 %$ here 0 ' %5 of % to > % % " $ % $< date 0 " ' $ D 7 %' % $ experience > of remedies 5 $ specifically all "' rights and to it sh ould the Heifers Line % " ' available 7 Credit event N* % an % ' %5 ' 5 " of 7 '* R < reserves 138 8I 7 # 2of Page 2 $ ' N$ ' $$ % ' % $ - % < 7 $ $ ' letter 5 % of 7 any % $ or % remedy default after the % $ granting 7 of this extension . Accordingly , this does $ not '$ $ $ constitute a waiver % " < < right 5 $ of 5 to N '$' 7 $ % " % event 7 default > % % $ $ may $ $ Lender 7 $ $ $ % that %' that the future become available or 7 of any default or that now exists, or $ $ occurs " < in < 7 after $ the $ date $ of $ ' this letter . $$ % % % ' $ $ $ < % # ' Please contact your % $ ' * relationship " % manager , Michael Limas with < any Q '$ ' questions. continue $ *% 5 $ to $ '$ $ the 5 7 would + ! like to thank < you for your ' '' business . F We will provide you highest level of customer $ $ ! 7 % < % '$ " % service ' %5 < with Finally, we 6 < for < % your 7 $ % futur 7 % " when ' % 7 $ % ' '' ndeavors , ' so * ' please ! * keep ' us in mind considering your business needs. ' 5 %' < % future 1 Mary Nance %< ? " $ $ % Loan Documentation Manager > 139 8( EXHIBIT 140 , ! % Manock ! Baker /% ' G &Jensen l'e --------- %"" 5' ATTORN YS E AT >-FH I.AW -: /% C. Cole Eric $ Law Attorney > - " < at 4 *$ " % September I 8, 2017 R ! % " !N" ecol e@akcrm bcom anoc . k & % # Fi6 g Garde n Fina ncial " % Center +- ELECTRONIC />/ :021+ MAIL -+> AND -1? 21:0- VIA ONTRAC )8CC ^ ]C ] C] 5260 North Palm ]S Avenue 6 %$ Floor 6 % Fourth /'Q Riley Walter , Esq. 0 < F $ % Walt er and Wilhe lm Law > Group F % &% * F " ) # %! % 0 5 % Park 205 / E. River Circle, 4 $ Suite 9 41 O fr esno, 7 % California (8 93 720 6% ' ]8 = 6"' " Fresno, California 93 704 ]C Tel : 559.432.54 00 ^(C^E)9 6 N; 559.432.5 ))( 98 ) Fax: 620 "" "N "" ! www bakecom rm . no a k.c /= ; E-Ma il: rileywa com lter@W2LG. & " % < $ %fF Re: 0 G :% * Triple V Dairy, California % general 7 % ? %< a B], %% %^ * %$ %' * partnhip ser ("Borrower ) " > % 1 8 9 (= Dairy Herd/ Fee d Line of Credit B> (Loan No. 361429-01) ? %< D % @6 E Credit D 7 %' > of % $ B> 1 8 9 (= 8 Heifers Line (Loan No. 361429-03) Dear er: F $ %; % Walt ? % Mr. B]0 !^ : 5 As < you ! know, we . ) " The above represent % *% ' $ Rabobank 1 - ("Rabobank 0 ! ,N.A. -' * %' $ 4 *$ " % 8 referenced ' loans will mature on 30, 2017 pursuant $ to that certain Fourth " $ % September 6 %$ Amendment $ $ -" " $ % 7 % (Loan 1 36142 8 9 (X that to ents $ dated ' as of ry 1$ O, 2017 No. 01) 9and %$ Third > Docum 7 Februa $ $ certain : % ? " $' Loan 6 " %< B > Amendment to Loan tsdat ed as of February 10, (Loan No. B> 1 c 361429-03) 8 9 (H 8 . ' % %< > Documen -" " $ $ ? " $' $ 2017 7 %" to $ further N$ the $ 7 %$ % extend As we previous y l informed you, Rabobank ' is $ not willing -' *% 5 ' < < 0 ! $ $ Rabobank ' no obligation $ forbear maturity dates on those 'E Joans. Please advised that $ to 0 ! has # ' be 7 % % $ ' 5 ' " $ % $< $ ' /5 $ of ? 7 $ % % '* $ to $ respect from enforcin g $' its rights s with or Event Default . % " ' $ any 7 % $' and 7% " 7 % remedie < Default Rabo bank has not waived , and is not wai ving any Events of Default. Nothing contain ed in $ ' ? 7 $ $ 7 this $ 5 /5 $' 1 $ 0 ! ' $ ' 5 < 7 Letter is intend ed to or shall be constru ed ' as a waiver, , modification e of % forbearanc 7 % % 5 % release " R $ or % ' ' '$% > $$ % ' $ $ % * %' of 7 Rab % the $ Collat % a 0 ! , %% % '$ Borrow $ % any 7$ of the rights, remedies, and powers o bank against er or eral, or % $' % " ' < % $ % ' r of any Defaults or Events wheth er '* R specified herein otherwise. waive 7 Defaults, /5 $' of % or 7 < ? 7 $' % 5 % ? 7 $' N % obl ' under Rabobank hereby further notifies < you that igation to 0 ! is % no $ 8 Rabobank 7 %$ % N R ' 0 ! % < " fund any > Loan % or other se wi extend % $ credit under the Credit nt or $ % Loan % $ Agreeme % under % any % $ > - % " $ N$ 7 < $ % ' < other " Docum ent s 7$ % after and, any loan other exte nsion 7 of % $ credit that made available % R % may N$ ' or % $ % 5 $ hereafter ? " $' < " < be 0 !E' in Raboba er B (which ' is $ not d' %% < curre y nlt contemplated % or under ion) ' shall be nk's to Borrow % deliberat $ "* $ % $ , %% % $ % 7 $ > $ % N$ ' sole and ' $ absolute ' % $ discretion $ until further notice, and any 7 %$ % $ ' < additional Loan or other extension of E $ ' X <= ' Rabo bank shall made, if at all, on a case-by-cas e basis and shall credit by ' under ' be ' ' % no % $ " < 0 ! /5 $ 7 % N$ ' ' ' or 7 %$ % % % circumatsnces be deemed $ to waive cure < any Event of Default. r loans extensions 5 or ? 7 $ Any % "'$ ' " - < furthe 0 ! of % $ credit " '$ must be ing and agreed to Rabo bank. 7 % $ by in % $ writ < 204 0328 vl / 8 8I I 7373 0128 9 ; 5 /LD+,+: EXHIBIT J 9 141 Riley Walter, /'Q Esq. 0 < F $ % 4 *$ " % I8, 2017 September # Page 2 7 % ' : N '$ 5 7 $ % $' or The foregoing is $ not $ intended $ to be an exhaustive recitation the rights % $ $ of % % " ' % $' % ' %5 ' all rights % " ' > % the remedies 7 of 0 ! Rabo bank and 0 ! Rabo bank expre yss l reserves and remedie s under N*% '' < $ Loan ? " $' Document . s Very yours, %< truly $% < < %' & G-{¡ 3 (7, B Eric C. Cole /% # BAKER MANO CK 3 & JENSEN, ,-./0 -12 . /14/1 PC / 04 ECC:RSC Avis Gaffery, VP/S peci al Assets Officer 4 % Senior , 0 ! Rabobank, N.A. 1 - #@4* -'' $' 27R % -5 ' & 77 %< cc: ; 2040328vl /@ 8 I 1728 373. 01 9 8 I] 9 142 EXHIBIT 143 ~- --------------- ------------ - --- 0>2 2012 D % @6 Herd ee F/d :% * Triple V ? %< Dairy [ $2. 5mm)"" RLOC Dairy D % @6 Herd/Feed Line of % $; Creidt: 8 9 (= 36142 01-9 ? %< > 4/ 0+:A SECURITY -&0// /1: AGRE NT M EE 5) % * %' * : ' This % " $ agreement is $ ' dated as 7 of 1 5 " % Novemrbe 19, ( 201 2. lt ' is $ between :0+#>/ TRIPLE V ?-+0A DA RY I, a 7 % Ca forn ial i general partn p i hsre BC4 % # "] ! N.A , . a naon it al banking '' $ associa on i t ("Securde Party )." 0-,2,-1. 1- B &% %C ("Gran, to )r" and RABOBA N, K $ $ %"' $ % 4 5 Secrude Party ' has N$ extendde credit to &5 $ % Gran tor % under the terms and $ ' condition s 7 of $ the % $ Credit - % " $ Ager em nt e between # $$< '"E - % " $] / ' Gratenr and 4 % Secre ud Party $ dated ' K as of the date 7 of B ' this % " $ agreenm et (the "Crte% id Agreem . ) nt "e Each * $ capit zeladi term ' used in this B$ $ $ &% $ % # %$< agrem e ent $ that ' is R defined in the % Cre t id - % " Ager em nt e and $ not R defined in $ ' this % " $ agreement will 5 have $ the " meaning '* R specified in the % ] Credit % ' $ : ' Agret.m ne This % " $ agreement will be $ %*% $ interpr edet in % accord ce an wiht $ the ?$ Drafting 5 ' Convention . s -' " $E &% $ $ To induce 4 % Secured # %$< Party $ to N$ extend % $ $ credit to &% $ $ Granter, and in ' % $ consdei io ra nt theeof r , Graetnr agrees as + ' follows: % ' ' : $ 5 7E X -0:+ >/ ARTICL E 1 = - AD/ THE 2>>-:/0-> COLLAT RAL E 2D % $' $ % '$ &% $ Grant. &% % Granter % < hereby '' ' assig sn and grants $ to 4 % Securde Party a ' < sec tyuri interest in and a > Lien on all of the # %$< 1.01 $ % Q % follng owi property, wheter h now owned ; or % 7$ % herea reft acqu red i by &% % Granter and whet her now NR'$ existing % or in $ the 7 $ $ future " coming + $ into B $ *5 * < < N '$ $ exis cente (collectivl,ey the $ 5 ] ; 'Coaellt):ar" l B 5 < 7% " $ ' ' all $' accounts (includi gn account s % 5 recei eblav from the sale K of 7 %" farm *% $' products) , $% $ contac rt rights, " $' document ,s B $' docum nt se of $ $ title, * <" $ paym nte int es blagin, investment property, $$ chattel * * % pap, re and '$% " $'G instrument s; $ ' 5 '$" $ " $' *% * %$< (a) B (b) B 5 $ %<; (e) B all Q *" $G equipm nt;e all invenort;y C (d) all 7 %" farm *% $' produ stc, including % *' crosp $ grow, n % growing % or $ to be % grown, 5 '$ ! livestock % born % or % E unborn, ' ** ' supplies ' used K or B $ $ $ % " $ % * $ *% produced in &% $ % ' Gra sn' otr farm ngi opeartion, and *% $' prodcts u of % *' crops and 5 '$ ! livestock in their unmanufactured '$ $ G state; $' $ + (e) all rights to * <" $ paymnet. inclngudi any % $; rights % under < any '$ $ state % or % federal % agricural ult programs B (including 64- FSA *% % "' < B B " *% $' % $' 5 ' paymen s,t rights $ to * <" $ payment + in ! kind P % for % *' crops % or $ % other farm products , % 5 5 revolving B fund % $' credit,s dividend s and % $ '; retaian ges; * <" $' ' $ + (~ all righ st wiht 5 '* $ respect to < any '$ $ $ %< statutory % or "" common law lien regard ng i any of $ the $ % Coll , laeatr inclnugdi lei ns to % $' < B ' $ 6 secure $ the * % ' purase ch price 7 of 5 '$ ! lvi estock % under 7 % Cafo lirnia Food - " and Agric urutel Code e)) §55701 et seq., $ to '$ ' establi hs a B"'K trust % under 7+ K ' Q ) " *% 5" % U.S.C. §181 K et ' Q seq. % or 7 U.S.C. §499A $ et [(9 seq., and $ to ' 5 secu er $ the * % ' purcah se price 7 of % *' crosp and % other far m *" $' prodctus under e9((- e / " Californ ia 6 Food and - % $ % Agr cultur i e Code e)) 8 §55631 K et ' Q^ seq., ' as all ' such $' rights % are now in 77 $ % % $ % effect or hereaft re enacetd, promu gatdel or % $ *% " $ ' 4/ am ende; d " G N ' $ ' + all " general intagn ibles, including all * <" $ paymnt e intangibl es and $ Inteellctual Property B R (definde herein); #% * < % G (g) B( (h) B *% ' 7 < % * "' % * ' ** %$ * <" (i) B '' ' $$ " $' $ access,ion s attachm ntse and $ % ' other add tion i s to $ the $ % G Co;atlleral all procee sd of any crop insurance , price support payment " or $ % other 5 % " $ govertnm ne program ; *% % "G % * " ' 7 % ' '$ $ $ ' U) substitutes % or rep aceme l snt for < any $ % Coateral ll , all *% ' proceeds , products, % $' rents and *"R ' profits K of < any % E Collatera l, ^ all *% ' B 5 % R $' $% $' rights % under ' warrnties a and ' % insucanre cont acts r covering B the $ % R Coaelllrt, and $' righst 5 under < any ' ' causes 7 of action % $ relating $ to < any and 7 $ $ % ; all of the Collateral and 5 K !' (k) boos,k %% '* E correde ce psn,o credit ' files, % % ' reco ds r , 5 ' invoices, maun als, service % % ' records and *% % "' progrm a,s other * * $' papers ' % " $' $ % B! "* $ % and " $' docum nt , se comtuper records, $ ' runs, ' R % softwa ,e r '<'$ "' systems, * 5 ' procedures , disks, $ * ' tapes and % other '$ % storage " media % $ relatng i to < any 7 of % % ' '!' $ $ the $ % E Coellat, ral includi gn any 7 of $ the 7 % forego gin in + the *244 44 2 possessio n or $% K con orlt of < any ' %5 service, ' $ $ consul,ta tn or $' outsied vendor % 5 < K (colle tively c , "Books and 0 % 'C Reco ds" r ). B 5 C, !' X : 7 % , '$ $ " $ 1.02 Reintatement. s The $ ' obliga snoti of &% $ % Granter under $ ' this -%$ Article 1 and B the ' % $< secrty ui intees rt in, and $ the > Lien on, % ' 5 ' $ ' the $ % Coeartlll shall be $ " $ < automat callyi reinstated 7 if and $ to $ N$ $ the extent $ $ that $ K for < any % ' reason < any * <" $ paym tne by % or on 7 beh fal of &$ % Gran tor in 7 < /LD+,+: EXHIBIT . K 144 99 E% '* respect of the 4 % Secured 2 $ ' Obligations ' is % ' rescinded % or " '$ must $ % ' otherwise be % '$ % restored < by < any % holder 7 of < any 7 of $ the 4 % Secured 2 $ ' Obligations, 7$ whether ' as a 5 ' resu t l 7 of < any *% ' proceedings in !% *$ < bankruptcy % or 5 % $ reorganization % or $ % ' otherwise. &% " % Grantor % ' agrees that it will indemnify $ % " 7< Secured # %$< Party on " demand 7 % for all '$' costs and N* ' ' expenses B (including % ' reasonable ' fees K of ' counse ) l incurred < by 4 % Secured # < Party + in 4 % K % '$ % $ connection $ with < any ' such B ' '' rescission or restoration, including any such '$' costs and N* ' ' expenses $% incurred in 7 defending '$ against < any $ < ' 7% $ claim $ $ alleg ngi that ' such * <" $ payment '$ $ $ const tuted i a *% 7 % preference , fraudulent transfer or ' " % similar * <" $ payment % under < any !% *$ < bankruptcy , % '7 $ % " insolvency % or ' " % simi arl law. ' 5 < 1.03 Continuing 2 ! Ob igation l . The $ ' obligations *"5 provided in this Article 1 % are $ continuing "' obligations and ' C shall ** < app yl $ 8 : ' - to all Secured Obligations (as defined herein) whenever arising. $ 4 % 2 $ ' B ' R % 5 % % ' E 1. 9 04 # %7 E Perfection . &% % 7% " $ " (a) Grantor ' shall *% "*$ < promptly from time $ to C" time 5 give, N $ execute, 5 % deliver, R file, % % record, % authorize % or $ obtain, and % < hereby B $ % ' '$ $ " $' authorizes 4 % Secured # < Party $ to R file, ' such financing statements and continuation statements and $ % other $ ' notices, '$ " ' instruments , R '$ $ " $' " $' documents, $ " $' agreements % or ' $' consents in ' such 7R ' offices as are or ' shall be '' %< necessary or as Secured # %$< Party " < may $ %" determine $ to be ' % K % ' 4 % **% * appropriate $ to create perfect and '$ ' estab ishl the *% % $< priority 7 of $ the > ' Liens % $ granted < by B ' this $ " agreement in < any and all 7 of $ the $ % Collatera , l to $ , * %7 $ $ ' % " $ preserve $ the 5 $< validity * %7 $ perfection % or *% % $< priority 7 of $ the Liens granted < by this agreement + in any and all 7 $ of the $ $ Coatera ll l % or $ to enable *% ' %5 > ' % $ < 4 % N % ' Party to exercise $' its % $' rights, % " ' remedies , * %' powers and *% 5 ' privileges % under $ ' this % " $ agreement . 4 % Secured # %$< Party ' is % < hereby Secured # < $ $ % authori ed ,z but ' sha l l 5 have no $ obligat on, i to file R financing % or $ $ continuation ' $ " ' statements , $ $ inteectual ll property ' "< security % " $' agreements and $ R *% * < $ 7 $ amendments $ to < any K of the foregoing, in +&-:+214 OBLIGATIONS -0:+ >/ : ' is % " $ agreement ' is $ to ' % secur,e and $ the $ % Collateral ' is ' % $< secur ty i 7 % for, the *% "* prompt and complete payment and * %7 %" perfo man r ce in Th "* $ * <" $ + full when due, 5 whether $ at '$ stated " $ % $< maturity, < by % Q % required *% * <" $ prepayment , % R declaration , % $ accele ation r , demand % or $ % ' otherwise B " (includ ng i the " + $ payment 7 of " $' amounts that would " become due K but $ % for $ the * % operation 7 of $ the $ " $ automatic '$ < stay under Section 8 B 362(a) K of $ the , !% *$ < Bankruptcy * <" $ % 4 $ Code, 11 ' U.S.C. §362(a) B (and < any ' '' % successor *% 5 ' provision $ % 7 ìhereoï)) 7 of $ the 7 following B $ 5 < (collective y, l the "Secured 2 'C Obligations ) " + in < any " ]4 % e8 B 5 % $ $ order 7 of *% % $< prority i that 4 % Secured # %$< Party " < may ' ; choose: $ % $ (a) all 2 $ ' Obligations ' as R defined in the Credit - % " $ Agreement , including $ the ? %< Da ryi D % @6 HerdFeed / Line 7 of $ Credit 1 $ Note $ dated > B ' $% " &% % $ % as K of $ the date 7 of d ' this % " agreem ne, t from Granto tor $ 4 % Secured # %$< Party in the originla *% * princ pal i amount + K of [ $2,000.00 500) E , (the Cc G "Not ;)"e " $ B$ B (b) K all $ ' obliga osn i t of &% % Grantor % under $ ' this % " $ agreem nte and $ the $ % other > Loan ? " $'G Document ; s (c) B any and all " $' amounts 5 advanced < by 4 % Secured # %$< Party in % % order $ to *% ' N5 preserve B the $ % G Coateral; ll < 4 % (d) all $ ' obligations of &% $ $ Grantorto Secured # %$< Party, 5 % whether now N '$ existing % or % 7$ % %% hereafter incurred or creat , de $ % whether % % $ B 5 $ %< % voluntary or 5 $ %< involunt ry ,a $ % whether $ %< obligatory % or = $ %2 ) Secu tyi r Ag reement - % " $ 4 < 2 9)" 145 . -- -· - ----- -------- % K lease, ' selling % or $ % ' otherwise '* ' disposing K of % or % $ rea zing i l on $ the $ % Coateral ll , or of < any N % ' exerc sei by $ the 4 % Secured # %$< Party 7 of $' its $ $' rights % under ' < $ $ $ % the > Loan ? " $' Docments, u together $ with < any '' %< necessary % <' attorneys ' 7 ' fees and %$ court '$' costs. ART CLE I 3 = - &0-1:20 GRANTOR 0/#0/4/1: REPRESENT-A:+214 TIO NS -0:+ >/ 8 3.01 8 & $ $ Repre entations s . Granter % *% ' $' represents and %% $' warrants $ to 4 % Secured # %$< Party $ $ that: 0 % $ ' W % ' (a) the 7 full and %% $ correct legal " name, $<* type K of % $ organizat on, i jurisdiction 7 of % $ organi o,n at iz and " $ mai ni gl address and % '' B place K of ' '' bus ness i of &$ $ % Grantor ' as K of B the $ date $ 7 hereof % are < corre tly c ' $ set 7 forth N$ next to Grantor's '$ % signature $ to $ ' this 5 " "; agreemen t; $ &% $ % ' * 7 {b) Grantor ' has $ not B (i) ' used < any $% trade " name, '' " assumed " name % or $ ; other " name N *$ except &% ""M' Grantor s ' " name '$ $ stated in the &% $ % $ B first paragraph of this agreement (i)i changed its "location " (as defined in Se oncti 9307 of the UCC) or (ii)i changed its juri oni dstci 7 of %* % $ incorporation % or 7 %" $ ; fonna on ti; R%'K * % % * K $ ' % " B $' $ C B ' R 4 $ (8 7 D ( Z B+ + ' W % ' $ (c) B % 7R E Grant,or each ' has +$' its * place K of ' '' bus ness, i or +$' its 7 chief N $ 5 exe vecui t office, K if it ' has " % more + than one * place K of & " % ++ " buness si , is $ located at $ the % '' address W adjace t n $ to $' its ' $ % signatu e r ; below; ' '' ' B {d) except P % for > ' Liens N*% '' < expressly * %" $$ permitted % under $ the $ %"' terms 7 of $ the % $ Credit - % " $ Agrem e ent, &% $ Granter ' has $ not % $ granted < any N *$ (e) * $ % $ there % are no "' claims, $ ' actions, *% ' proceedings % or 5 '$ R ' investiga ions t pending % or threaten d e '$ aga nst i Granter % or 77 $ affecting $ % & " % $ 4 % security 1 'K interest in < any K of $ the $ % Collateral N * except to Secured # %$ '; Laws; &% $ % (D Granter ' is $ the ' sole % % record and R K benefic al i % ownre 7 of ' and has good and " %! $ marketable $ $ title + to $ the $ $ Collateral " in B+ it * %* %$' which purports + to % $ grant a ' % < security $ % '$ interest * %' $ pursuant $ to - $ Article G 1; and $ (g) B % $ 4 % Secured # $$< Party ' has and will $ continue $ to 5 have ' as ' % $< security for the 4 " Secured 2 $ ' Obligations, a 5 valid and 7 enforceab e l Lien on and ' $ < secur ty i $ % '$ interest in and, * upon *% * % proep r R filing of < any = UCC 1- 6 Finacning 4$ $ " $ Statement + in $ the 7R office 7 of $ the $ " 4 % $ %< Cal fo arni Secretary > execution $ of < any $% control % " $ agreeme t n % or 5 %< del viery K of $ Coat llalre to 4 % Secured # %$< ' Party s ' * '' '' possession , * $ perfected > Lien on and of 4 State, N $ 7 $% security $ % '$ interest in all the $ % Collate , la r free 7 of all $ % other > ' Lie,sn "' cla ms i and % $' K rights of $ % third * ' part es i $' 5 % whatso ver e except P % for > ' Liens ' 5 < N " > 'C expressly perm ttedi under the terms 7 of $ the % $ Credit - $ " Agrement % or $ ' this % " $ agreement B^# %" $ ("Ptted ermi Lien . )"s % $ $ %"' N*% '' < * %" $$ " &% $ %E' 8E 3.02 Informat on i Accurate and " Comp ete.l Grantor's ' " '' submiss on i of < any % * %$ report, % % record, R $ certificate % $ % or other K %" $ * %$ $ %" 7% " informat on i pertain ng i to $ $ % * % ' the condition or operations, 7 finan al i c % or $ ' otherwis , e 7 of &% % Granter % or < any K of $ the $ Coateral, ll from $ " time $ to t " G m i e, $ % whether % $ % Q % or not required % under $ ' this % " $ agreement, will be " deemde "* accompan ed i by a % *$ ' $ $ representation < by &% % Granter $ $ that $ the % * %$ report, < record % or %" information ' is "* $ comp etel and % $ accurate in all " $ % mater al i % '* ' respects ' as $ to $ the $ condition % or * % $ ' operations 7 of &% % Granter B" (and, $ if d % &% $" ' % ** -77 $ ' " " %' app icab e,l l Gran or's t Subsidiraies , Affiliaes t, partners , ' % %' sharhe, sold re mem s,rbe or % other * " ' principals) , including, "E without R" $ limitation , 4 ' ' * %$ %' " ++ all " $ % materia l $ $ contingen t $ ' liabilies ti, and ' does K not " $ omit $ to '$ $ state < any " $ % mate ialr 7 $ fact '' %< necessary $ to " ! make $ the %" information " contained $ % therein not " ' mis eading l . $ ARTICLE 4 = - &0-1:20 GRANTOR 2 /1-1:4 COVENANTS -0:+ >/ 9 $ ' $ " ' 4 % 2 $ ' 5 * 7 ' 4 % # < ' $ $ " ! Until such time as all Secred u Obliga ions t have been paid in full in cash and Securde Party has no obl igation to make > '; $ addit onal i Loas:n &% $ % (a) Granter ' shall ' caues an N*% '' express '' " ass gnment i of " ! milk !' checks to be R filed $ with $ % '* $ 5 the respective % " % ' $ ' % Laws and in ""* comp anci e l with all ** app cable li insuranc e % Q % " $' requirements and % $ 'G regulat ons;i (iii) *% "*$ < prom ytpl pay when due all taxe s and N ' * < transportation , '$ % storage, % ' warehousing and $ % other ' such % ' charges and ' fees 77 $ affec ngi t or ari ngsi out " of or % relating to $ the $ % Coateral ll and % % ' $ $% '* %$ $ the Collateral '$ aga nst i any "' claims and " ' demand s 5 %' adveres to $ the $ 5 '$' interests K of &% $ % Grantor % or 4 " Secured # %$2 ; S :% * Trip el 5 V ? < Dairy [ )"CK $2.Smm RLOC Secu tyri Agreeem tn - % " % 4 ""< 3 146 9 (c) B % Granter ' shall $ 7< notify 4 % Secred u Party in "" writing *$ % prior $ to < any change in B (i) &% 5E' Grantor's " name, federa l "* < % emp oyer l &% $ % # %$< 7 identification " % number , '$% $ % structure, % or $<* type 7 of $ $ % organ on zatii or B (ii) $ the Z B' locat on s)( i of B- (A) &% $ %E' Grantor's * place 7 of ' '' business % or &% $ % ' Grantor's K chief $ R $ executive 7R office 7 if &% % Granter ' has " % more " than one * place 7 of ' '' business , B, (B) &% $ % Grantor s ' state 7 of % $ organization, % or B (C) &$ %E' Granto s' r Books and 8 ) , !' N $ 5 Records % concern ng i any $ % G Coatera ll; l 0 % ' < (d) B 7 ' 5 $ Gratner ' shall *% "*$ < prompt y l $ 7< notify 4 % Secured # < Party in % $ writ ngi of < any 5 $ evetn which 5 %' < adverse y l affects $ the value of $ the &% Collateral, $ the $< ability 7 of &% $ % Granter % or 4 % Secured # %$< Party $ to '* ' dispose 7 of $ the $ % Coateral ll , or $ the % $' rights and % " ' remedies 7 of 4 % Secured # < Party in % $ % relat oni thereto, includ ng,i but not " $ limited E to, the 5< levy 7 of < any legal *% '' process '$ agaistn any $ % Collatera l and the adoptio n K of < any $ *$ % $ $ $ % ! < K $ % % marketing % % order, %% " $ arrangeme t n or *% % procedure 77 $ affect gin $ the % KE Coateral ll , whether 5 % " $ governmenta l or $ % ' G otherwise ; " %! $ (e) B except 7 $ for the Permitted > ' Liens, &% $ $ Granter will $ not % $ grant % or ' % suffer to exist < any ' % $< security $ % '$ interest in, % or > Lien on, < any $ N '$ $ # %" $$ N *E of $ the $ % Collatera l N * except to 4 % Secured # %$< Party, and will ! * keep the Collateral 7% 7 free of all Liens, "' claims, ' % $< security $ % '$' interests and > ' K $ $ % encumbrances $ of < any ! kind % or $ % nature N *$ except $ the ' % $< security $ % ' interest of Secured Party and ' such # %" $$ Permitted > ' Liens ; *% 5 provided, 5 % however 4 % # %$< " % ' that no # %"" Permitted > ' Liens " < may 5 have *% % $< prority i over 4 % Secured # %$ $ Lien on, the % G Coateral; ll 5 % $ G B N ' ' *% "*$ < (Q Granter shall promptly * < pay when due all taxes and all $% '* %$ $ transportation , storage , % ' warehousing and $ % other such &% $ % '$ $ ' B$ % % ' $ % % ' charges and 7 ' fees $ affect ng i or aris ngi out K of % or % $ relating $ to the Collateral and all '$' costs '' %< necessary to preserve , 7 defend, 7 % enforce and $ * ' %5 collect $ the $ % Collateral, and any costs $ to * %7 $ perfect 4 % Secured # %$< ' Party s ' ' % $< security $ % '$ interest and ' shall defend $ the $ % Coatera ll l against < any $ '$ < '$' "' $ % '$' K cla ms i and " ' demands %' adverse to the interests of &% $ % Granter or Secured 6 $$<; Party; *% 5 E provided, 5 % howeev,r witout h waiving &% $ % ' Grantor's default 5 % 4 % $ $ for failure $ to " ! make < any ' * <" $ such payment , 4 % Secured # %$< Party $ at $' its *$ option " < may * < < pay any ' such '$' costs and N* ' ' expenses, ' % discharge P % 7 % B % ' % $ % encmbrances u on P the $ % Colla, teral and * < pay for insurance of the Collatera , l and ' such * <" $' payme tsn shall be a * %K part of $ the 4 % Secured ' " % ' $ ? 7 $ 4 " Obl gations i and % bear $ % '$ $ interest at the Default 0 $ Rate and &% $ % Granter ' shall % " %' reimbur es Secured # %$< Party on " demand 7 % for < any ' ' costs ' so 2 $ ' incurred ; %% ; (g) B( exerc sesi its % $' rights to " ! make collon, ecti Granter will $ < digent liy l collect all % G Coateral ll ; ' &% $ % $ # < N % ' ' until 4 % Secrued Party $ ' (h) if < any $ % Coateral ll is % or " ' becomes $ ' W the subject 7 of < any % '$% $ registration %$ R $ certificate , %$ 7 certificate of deposit % or negotiable * ' $ $ B document K of F title, including < any % ' warehouse % *$ receipt % or bill K of + lading, &% % Granter ' shall "" $ < immediate y l deliver ' such " $ document $ to 4 % Secred u 5 % " $ Party, together with < any '' %< necessary %' " $' endorsements; % E$$ # %$< not ' sell, ' lease, % agree to ' sell % or ' lease, % or % ' otherwise '* ' dispose 7 of < any $ % Collateral , N *$ except tha t $ until an (i) Granter will $ &% $ % B Event K of ? 7 $ Default % or $ the + 5 revoca onti by 4 % Secured # < Party of &% $ %E' Grantor's R $ right $ to do ' so, and sub ect j to $ the *% 5 ' provision 7 of $ ' this $ " $ agreement , ' W /5 K $ < Granter " < may B (i) ' sell % or ' lease < any $ % Collateral '$ $ $ constituting 5 " %< inventory % or P " farm *% $' products in $ the % %< ordinary %' course 7 of ' '' business $ at *% ' prices &% $ % const ng tuti i the fair " %! $ market 5 value the reof; and B (ii) ' use feed, seed, 7 %$ % fertilier z, " ' chemicals , " ' medicines and other ' ** ' supplies ' used % or '$ $ $ ' B % 7 *% 7 %"$ * % $ ' %' prod ced u in Granto 's r farm ngi operations in $ the % %< ord nary i course 7 of &$ $ %E' Grantor's 7 farming * % $ 'G operatio ;s n &% $ % ' &% % U) Granter will N $ execute and 5 % deliver ' such $ additiona l " $' ' documents as " < may be '' %< necessary or reasonably requested < by % % ' < % Q ' BW Secrued Party + in $ conection n with $ the % $ * %7 $ creation, perfection and " $ maintenance 7 of 4 % Secured # %$ Lien on $ the % real R%'$ $ % $ " property % or RN$ % fixture, % or $ % other # %' Person 5 having an $ % '$ interest in such property to C ( the % " 5 removal < by 4 % Secured # %$< Party 7 of the Coatera ll l from ' *"* < $ % 7% " *"* < % $$ such % real *% * %$< property % RN$ % or fixture. 4 Such wri tten ' $ consent ' shall be in form and ' '$ substance *$ acceptab e l to 4 " Secured Party and ' shall *% 5 provide ' 7 $" $ # %$< lityi to such % owner, % holder of lien, % or < any % other # %' G Person; that 4 % Secured # %$< Party ' has no $ < liab $ $ 7 any < ] (I) B$ &% $ % Granter ' shall " $ ma ntain i all , !' Books and 0 % ' Records * %$ pertaining $ to % or ' $ constit ting u a * %$ K portion of $ the $ % Collateral located at a $ location % ' < reasonab y l satisfa tory c to 4 5 Secured # %$< Party and will $ not change U the $ location 7 of such Books and 0 % ' Records F $ $ $ without the $ ' $ '$ $ %< K ' , !' * % ch ' $ consent ' shall $ not be % ' < unreasonably $ ; wihheld t ; and prior $$ written ' $ consent K of 4 % Secured # %$< Party, whi (m) B" &% $ % "% '$ $ " $' Granter ' shall $ not R file < any " " $' amendments , correction statements % or termination statements % concerning $ the '$ " ' $ % Collateral. ARTICLE 5 ·= 4/ 0/? SECURED #-0:A 4 PARTY'S 0+&D:4 RIGHTS -1? AND ? :+/4 DUTIES -0: >/ ) )5.01 4 % Secured # " ' Party's ' Rights. 4 % Secured # %$< Party " < may ' at its *$ option $ at < any $ " time, whether or not Granter '" is in 7 $; default: $ % &% $ % Tripl e V ? %< Da ryi $2 Smm . RLOC 2012 D % @6 HeFd/reed [ )"CK 0>2 + Security - " " Agrenteme 4 < 4 147 9 % % Q % 4 % $ 5 % 7% " (a) require &% % Gratner to delivre to Sec urde Party B9 ()i * ' cop esi of or N$% $' extrac st from $ the , !' Books and 0 % ' Reco ds r, (ii) " % ' recodsr # %$< B B and ' ' schedules wh ch i show $ the '$ $ ' status and $ condition 7 of $ the $ % Colleat ral and % where $ it ' is $ locate,d and B (iii) 7 $ inform ion ta on < any $" ' contrsatc ' $ or $ % other " $$ %' matte sr affecting $ the $ % G Collat ral e; 77 $ (b) require &% $ % Granet r $ to * %" permit 4 % Secuerd Party and $' its $' agents and ' $ $' consult tsna to inspect the $ % Co , aelrllt the % Q % $ '* $ $ # %$< $ B reasonabl e costs and N* ' ' expenses 7 of which ' shall % be borne < by &% $ % Grant re and ' shall be due and * < payable * " G upon deman ;d '$' % ' (c) requ rei Granter $ to " ' furnihs ! to 4 % Secured # %$< Party a '$ list K of $ the < $' buyers, *% '' %' procoses,rs commission " % $' merchan ts , % Q % &% $ % "" '' B ' + coop atirves e, or sell ng i agents $ to % or through " whom &% % Granter ' ' sells < any 7 %" farm *% $ product % $ % or other $ % G Coll ; aleart and in $ the 5 K event that " * % 5 ' $' $ Granter $ % 7$ % theer aftre sells 7 %" farm *% $' % products or $ % other $ % Collateral $ to % or $ % through * %' a person % or entity not $ R idened tfii in $ the '$ list, &% " % Graetnr shall ' ' & " % ' $ $< $ $ ' 5 notify 4 % Secred u Party 7 of $ ' the sale $ not '' less than seven B (7) <' days * $ prior $ to $ the ' ; sale; $ 7< # %$< " (d) B % Q % $ 5 % require & " % Granter to deliver $ to 4 % Secu ed r Party < any ' " ' instrumnest or $$ chattel * * %G paper; # %$< (e) B( & " % notify or requ re i Granter to $ 7< notify < any K account ' debtors, < any < %' buyers 7 of the $ % Collat , era l or an y $ % other * %' ' persson of % % Q % $ K $ 7< < # %$< ' Party's $ % '$ inteer st in $ the $ % G Collate la; r Secredu 4 % (D notify % or % Q % require &% $ % Granter $ to $ 7< notify < any accoun t $ % debtor $ to 7 % % forward all * <" $' paymnt es and *% ' proceeds 7 of > the $ % Col ataerl l $ 7< B+ to Secred u Party; and 4 % # %$ $< Liability on $ " G Colltaerl¡a Indemnity. : The % $' rights and * %' powe sr of 4 % Secre ud Party % % hereuernd are conf rerde " % 7 %% # < the solely $ to *% $ $ protect +$' its $ % '$ interest in Collater l a and ' shall $ not "* ' impose * upon 4 " Securde # %$< Party < any $< duty * upon $ it to exe secir any such $ $ % $ N % ' ' < < ' 4 % Sec ured # %$< Party ' does $ not in < any way assume < any 7 of &% $" ' Gran ort's liabili e,si t obligations % or $ ' duties $ unde , r K or with $ ' $ ' < 44 " respect to Collatl.ear Granter ' shall % " remain liable with respect $ to B the $ % Collaelatr to $ the ' " same N$ $ extent ' as 7 if thi s " $ agreeme tn had &% $ % $ the $ $ % $ % '* $ ' 5 '* % $' rights % or * %' powers. $ &% $ % not been N $ execd. uet Granter % ' agrees to " 7< indemnify , * $ 'K protect and hold 4 % Secuedr Party %" '' 7% " harmess l from and '$ againts any and all # %$< < " <' liabilities , claim,s demand s, " ' damag ,se act ons i, proceedings , losses, '$' costs and N* ' ' expenses (includ ngi attorney' s fees court *% ' $ ' " ' '' ' 7 ' and " B+ % ' costs) arising in $ connection with % or on $ account K of < any 7 of the Collal. atre $ % $ ' ' $ ' "' %= /N *$ ) 8 5.03 Care 7 of $ % Coll . aarlet Except $ for $ the ' 7 safe '$ < custody 7 of < any $ % Collate la r in $' its * '' '' posses . nosi Secured # < Party ' shall 5 have 4 % % no $< duty ' as $ to < any $ $ Collatral e or ' as $ to $ the $ ! taking 7 of < any '$ *' steps $ to *% ' presreve % $' rights '$ against < any $ % other * %$< party. Sec ed ru Party ' shall be 4 % # %$< $ 5 % " $ '$ < N % ' to have exe rcised % ' reasonable care i n the custody and *% ' %5 $ preserati von of < any ++ % $ Collateral in $' its * '' '' possess on i if ' such $ Coate lllar deemde 7 7 ' $" $ Q is % accoredd treatmen t subatnisytall equla to that which 4 % Secured # %$< Party % ' accords +$' its own *% * %$< property , or ' is % accorded $% $" $ treatment ' $ < $ $ $ % B $ com nglpyi with < any *% 5 ' provis oni of < any $ % other " $ docum t ne sett ngi forth a '$ % standadr of % care for such $ % Collateral. 7 ' $$ 7 B % ' "* < -0:+ >/ 6 ART CLE I 6 = · / /1:4 EVENTS OF ?/6- >: DEFAULT -1? AND 0/ /?+/4 REMEDES I 6.01 /5 $' ? 7 $ : Events K of Defa ut.l Th e B followi gn each ' shall be 5 $ an evetn K 7 of default % under $ ' this % " $ agrem tene (an C/5 $ "Event 7 of B (a) B an /5 K Event 7 of ? 7 Default under the % Credit Agret;nem and - % " $ (b) B &% $ % Granter % ' breac seh any $ %" term, *% 5 ' provision, %% $< % *% ' $ $ waranty, r reper se , io nntat covenant % or % " $ agre tnem e under this ' 5 $ < % ? 7 $C ; Defau ):" lt % " $ agreement. 6.02 0 " ' $ occ K * Remedies . Upon the rurence of an /5 $ Event 7 of ? 7 $ Defaut.l Secured # %$< Party " <; may: %% 4 % (a) B K * %' pursue < any or all % " ' remedies ' as ' $ set fort h in $ ' this % " $ agreeme nt or $ the % $ Cret di Ager em ,en t at E law, % or in Q $ G < oth (c) B % ' % $< enforce $ the secu rity $ % '$ inteer st K of 4 $ Secured # %$< Party + in < any * ' $ deptosi account 7 of Gr aenrt ma neindtai with < any 4 % Secur de $ &% " % " $ $ Party < by ** <" applying ' such $ account to $ the 4 % Secured 2 E 'G Obligat ons; i # %$< $ + * Trip el V ? %< Da ryi [ ) K $2Smm . RLOC KS 201 2 1 % @6 Herde/Fed 0>2 Security - % "' Ager em net 4 ""< 5 148 9I (d) B 5 Q $ requ rei Gratnorto $ $ obtain 4 % Secured # %$2 RLOC 2012 " 6 Herd/Feed : * Security - % " Agreem en t 4 "$< 6 149 9( •- ·-.HO---·· ----·-·· - ---------------- ->> 0+&D:4 &0-1:20 D/0/,A F-+ /4 :2 - ?+ Z-> D % F 5 % D/-0+1& I 9 26 6.04 Waiver 7 of 1 'K Not ce i and Heari .gn GRANTO R HER EBY WAI VES ALL RIGHTS TO A JU AL CIDI HEAR NG I OF +:4 0+&D:4 #-0:A 26 4/ 0/? PARTY ,A #0+20 -1A .+1? :D/ 2>>-:/0-> ANY KIND PR OR I TO :D/ THE /L/0 4/ EXERC SE I BY SECURED OF ITS RIGTHS :2 TO #244/44+21 POSSESS ON I OF COL ATERAL :2 26 THE >/F UPON #21 :D/ F+:D2 A 2>>-:/0-> ?+ +-> #02 /44 OR 0 26 -::- D 20 F+:D2 : JUD WITHOUT AL CI I PROCESS OF +:4 ITS 0 &D:4 RIGHTS :2 TO 0/#>/ A REPELYV, ATTACH OR LEVY THE COLLATERA L WITHO UT D/-0 1& PRIOR 12:+ / NOT CEI OR HEAR NG. I #0+20 20 ** $' Secur ' ' 4 % 6.05 Power 7 of -$$ % < Attorney . &% % Granter % < hereby ' $ ' des gnitaes and appoints ed Party and its s as attom y-e # % ' " <= $' designee ) # %$< %% 7 an Eve $ Defau /5 $ $ infact 7 of & " % Granto , r %% 5 < irrevocab y l and $ wiht * % power 7 of ' ' $ subtsitution , wit h aut hority, * upon the rence r of nt of , t l $ to % < $ occu ? $ $ endorse &" % ' Grantor s ' " name on < any $ ' not,es *$ ' acceptan s,ec check , s drafts , " < monye ord ers, '$% " $' instruments or other evid neces of ent % or % $ % 5 ' paym !' % %' " ' %' * <" # $$< ' $ K claim 4 % N " ' $ W '$ " proce ds $ of $ the % Collat alre that may com e into Sec ured Party' s * '' '' G possession ; to execute proofs of and ''G loss; to adjuts and " $ $ " < *% ' # %$< ' $ perf 5 ' * %7 %" ' comprom es i any "' claims '; undre ' % insurace n pol es; ci i and to orm all $ % $' other acts necessary advisab e, l in eurcd Party s ' sole * 'G 4 % Se "*% "$' '' %< and < -C $' the $ > 7 4 % $' discrteion , $ to 5%< carry $ out and % enforce thi s % " $ agreemnet and Loan ? " $' Docum .ntse All acts of Secured # %$< Party and its des gnees i in such ' ' ' ' ' $ %% % K "" '' % mistak % l % 7 % < K or capaicty ' shall K not be liable for acts of comm on iss i or " '' om ssion i nor for any er ror of t or e of aw. Th is K any % 7 judgmen W " $ " '$ ! 7 fact : ' * $< < $' % ' < ' 4 % powre of % < attorn ye ' is coup edl with an i 5 'K nterest and ' is %% 5 irrevoc e l ba so long as any of the Se cured 2 ' Obl gations i remain un dpai or 5 " * * $ * % $ $ unp reform ed or $ % there exi sts < any "" $" $ comm tment i by 4 % Securde Party that cou dl gi 5 ve % ' rise to Secured 2 $ ' Obl gations i . % N '$' $ any * %7 %" # %$< < 4 % < 6.06 Deficiency . If+K the of, or er % $ reazat olin i upon, $ the Collate alr < by virtue of the remedi se K oth 7 + " ' $ % *" ' 7 $ proceeds $ $ $ exercise N % ' of 5 7 ? R < * $ '$' 5 % ava eablil to Se cured # %$< Party % under Sec oni t 6.02 % are ' 7R $ insuffiicent to er the costs and expen ses of rcise and the payment 4 $ cov 7 such 4 % 5 ' exe $ * <" N* ' ' N % ' 7 % < $ N$ $ $ the *% 5 % i n + full of the 4 % Secured 2 $ ' Obliga onsi, t Granter shall remain C liab el for any de ency fici to extent provided under App baclile Law. ' % " R < &% $ % -** > E ART CLE I 7 X - 12:+ /4 NOT CESI -0:+ >/ BE1 E 'C % - $ % "" " ' All $ ' not ces i , approv s, l a ' $' consent s, and other communi on , s i ca t undre this m nt e ("Notices ) " must be 5 given i+ n % " $ **% 5 'E $ ' agre " '$ $ terms 7 acco danc r e with and will be ject to and *% 5 ' ' prov ons si i of P the Cred t i Agreement. Notices must be " mailed or vered i , i1 f % $ $ " '$ $ $"' ' W $ % sub $ the - % " $ 1 $ ' % del 5 % ' $ 5 to & $ % Grantor, $ to the address adjacent to &% $ %E' Gra s'ntro signatrue below; 7 if to ured Party, to 9) 45 / E. 0 5 % River # %! Pakr # Place We s,t Su ite 507 , $ Sec 4 " ; % '' $ 4 E F '$ # %$< $ ) Fresno, - CA (8 9372,0 Att on tien: Ag Finace n Closi gn ? * %$" $G Departme nt; and in the of < any $ % other Per os,n to designat de $ case ' ' 7 -$$ $ ; '' ' " $ the 6% ' $ address # % - 6 &% % 4 % $ Gr by C 8K that # %' Person in a $ notice to antor and Sec ured # %$< Party. < ART CLE I 8I · +4 />>-1/2 4 MISCELLANEOUS -0:+ >/ = $ ' 8.01 Other - ' Acts. &% % Grantor shall coop erate with Sec ured Party se K of, and perform chi ma y 4 % % the purpos I 2$ % * $ $ * %7 %" all acts $' wh * %* ' ' # %$< for " < be '' %< necess rya or 5 ' advisabel to perfec t < any > Lien pro devdi for in thi s agr eem nt e or carry $ out the intent 7 of this agrem e ent. 7 % $ ' * $ % $ *% 5 % " $ % to P %%< $ " " $ ' " $ <' 4 % Promptly B K (but in no n ten days) % after % Q '$ requset by ure d # $$< Party, &% % Graer nt will , acknowl dge e and ver i any execute " % tha 5 K more event 5 N #% "* < ! del < Sec < documnet whihc Secure d Party deems '' %< necseary K or 5 ' advisabel for these * %* ' ' purposes , and will demand, pay nses " 4 % " $ 7 % $ ' N* ' ' , on # < "' < expe * < any i %% ncured r < by 4 % Secured Party in $ the *% * % $ pre on, para it exec onut i and fil ng i 7 of < any ' " $' such docm u ents . R N $ # %$< 8.02 ) Entire - % " $ Agreement. The Cre t id Agr e,eme t n the other > ? " $' Loan Documne, st agreem nte or $ % : % $ % - % % (; % " $ / $ % each other and ] instrum nte " made % or $ 5' entered $ into in $ conn on ecti with each 7 of the Secre ud Obligation s (collectiv ,lye the dre 2 $ Obligation $ 4 % 2 $ ' $ "Secu '$% " K B $ 5 < Documents , ) " $ 5 < collect:yivel (i) % *% ' $ represent the sum K of $ the under tan gs in sd and agr eement s between Se cured # < Party and &% $ ; Gratnor %'$ ' ? " $'E E % " $' $ ' " $ 4 % B % % $$ con cernin g this credit; (iB i) repl ace < any *% % prior % oral or written % " ' agrent esm e between Se cured # %$< Party and Grantor rning e this edit; $ $ ' % $G % * % 4 " &% % conc % $ ' cr % $ and are int ended by Secured # %$< Party and Grant ro as the fina , l comp ete l and N '55 exclusive statem nte K of the agreed to (iii) + $ &% " % ' $ "* $ ' " R $ terms $ %"' % $ by < 4 % < The urde 2 $ Obligation ? " $' Douc mnest also grant furt her % $' rights $ to 4 % Secur de # < Party an d $ contian furth er agr eement s and them. + % ' % $ $ " $ % 4 % : Sec % " $' affirmative and $ 5 nega vei t covenants < by & % Grantor whi ch ** < apply + $ ' to this % " $ agreem nte and to Collaeral t. 7R%" $ 5 5 $' B $ % $ the B+ 8.03 No F 5 % Waiver % or Cure . / Each wai ver by Secuer d # %$< Party mu st be in wri ting, and ver is to be cons tur ed as 1 5 % I 8 " '$ no wai % $ 5 % ' ' ' % $ < 4 $ a $ continu ng i waiv. er No 5 waivre +' is to be impl edi from any < delay or failuer < by Sec ured # %$< Party to ount of +"* "" < $ % 7 % 5 % 1 4 % $ take 7 any $ on ! action acc $ < default K of &% $ Grantor. Consent < by Sec ured # %$< Party to any act or om on issi by Gran er t mus t not strued as a ' consent to any $ % other 4 " &% $" ' $ < K K " '' " 'K $ be '$% con ' $ < < % $ % Q % " or sub sequent $ act % or " '' omission or to waive the requirm nt e for B the 4 % Secured Party cons tne to be $ obt ned ai in any re % $ ; or other ' ' Q $ % + 5 B % 7 $ % # % < ' $ $ < futu The N % ' exercise < by 4 % Secured # %$< Party of any % $ right % or % " < remde y und er $ ' this ag er etmen or the er Se cured 2 $ Oblig oniat instanc.e : 7 < '$ $ oth 5 " $ % $ % % 4 % Do cumen ts or under Ap plicabel Law, sha ll not: cure % or wai ve a % breach , /5 K Event of Defau t l % or notice of fault und re thi s ager ement ' -** $ % 5 % $ ? ? " $' > de $ % " ' % " $ $ + 5 + < or invalidat e < any act performed * %' K pursuant to any su ch defa ult or $ ; notce i ; % or null fyi the ect 7 of any cei of ult or sale B ' (unless $ * %7 %" $ % ' 7< defa $ 7 $ + eff % ' < not all 4 " Secur de 2 $ ' Ob igations l the n due 5 have been * paid i n full and * %7 %" perfomred and all $ % other de ts faul undre the curde Ob iga iol nt $ 7 $' % $ Se 4 $ 2 $ ? " $' 5 Docum nt ,es have been cure ; )d or "* impair the sec tyuri of $ ' this % " $; agreeme t; n or % *% W prejudice Secur de Party , % or any iver app ointed in + ' % $< % 4 % % 5 % + ** $ # %$< < rece ordanc e wiht $ ' this % " $ agreem ,nte in the exe cise r of < any ri ght % or % " < remedy afford de any of them re thi s agr eemnt ;e or be acc % $ N % ' $ " $ " und $ ' % % % " $G < K const ed ur as an affirm tion a by Sec ured # %$< Party K of any ancy, l ' ease or % *$ option, ; or a ' % $ sub nation ordi of lien 7" ' of this ag reement. 4 % ' % 7R%" $ ' $ < 7 the < < ten $ % " " " Trip e l V ? %< Dairy $2. Smm RLOC " 2012 ] "@6 HerdF/eed BC* )"" 0>2 8 -"" K Security Agreement 4 % $< 7 150 ) 8.04 8 9 7 Mars &% $ % 5 ' K he Waiver ha lling. Grantor waives all rights , l 'K egal and equ tab e, i l it+$ may reaft re have % 7$ % F 5 % of % $' Q $ 5 to or " < now $ * foreclosure 7 % ' % ' ' asset '' $' a particu * %$ % / successo ' '' '' " 7 % to $ req K require mar hsalli gn of '' $' asse st or uire upon sales of s in ar l order . Each r and ass ign of $ Q % " ' % Q % ' be $ this $ ' % " $ *$ of 7 $' % > $ % '$ ' % $ Grantor, including < any holder of a > Lien subord nate i to agreeme , t n by acceptance its intere ts or Lien agrees % ' that 7 $ $ it $ shall &% $ % ' if 7 $ bound < by $ the 5 above 5 % wa ver i, as it had gi 5 $ ven the 5 % waiver i+ ' C tse f. l 7 more ' '$' &% $ % con Person &% $ % (a) Grantor 8.05 Joint and 4 5 % Several 2 $ ' Obligations. I+7 f Grantor ists s of than one , each " % $ # $' I ) B ' 5 % obl R $ 7 each Grantor &% % enfo % ' * $ acknowl dges e that this agreement i7) s the and several igat oni of and may ced r aga nst i ea ch C independent + ' % " $ ! ' " < be % remedy % % has ' been sought 7 any % $ or ' $ against $ % Granto '$ any &% % 7 % " $ of Grantor ' * % < separately , wheth re or ;r $ % % not K enforcement % " < hereunder &% %G < right < other ' % % and under abso ? " $ sha % any and B (b) % ' agrees $ $ that $' its $< liabi ityl hereunder other 4 " Secured 2 $ Obl gation i Document ll be ute,l uncond tional, i $ ' $ < $ % 0/U +0/ /1: :D-: 4/ 0/? PARTY -1A REQUIREMENT F-+ /4 -1A /L#0/44>A WA #-0:A EXHAUST &0-1:20 /LD- 4: ANY coninuing t and 5% 5 irrevocab e. l GRANTOR EXPRESSLY VES I ANY THAT SECURED $ &0-1:204 UND 20 ANY 2:D/0 GRANTORS -1A -&-+14: :D/ :D+4 #2F/0 20 RIGHT, POWER OR 0/ /?A REMEDY AND PROCEED AGAINST THE OTHER RE TH SI AGREEMENT , OR -1? #02 //? 1?/0 -&0// /1: 0$ D: -&-+14: ANY 2:D/0 PERSON #/0421 UNDER 1?/0 ANY -1A OTHER OTHER 4/ 0/? SECURED 2,>+&-:+21 OBON LIGAT I DOCUMENTS , OR ARANTY OF, 0 AGAINST 2:D/0 ?2 /1:4 -1A GU & -0-1:A 20 26 OR SEC RITY U FOR, ANY OF :D/ THE 4/ 0/? SECRUED OB LIGATIO .SN 4/ 0+:A 2,>+&-:+214 -1A 26 620 ' "" ' &% $ % is &% $ % 7 mu # %' compris " $ * , "*% ' 8.8 06 Authority to Bind Grantor . I+7 f Grantor compr sed i of tip el l Persons ng i Gra tor n is ' # %' ', any &$ $ $ - % < < Person "*% ' $ the &% $ % $ foregoing 4 % Party hereby $ % authzeorid to bind all parties compris ng i Grantor . Without l " $ $ m i on itati of , Secured er any + % % < % Q % $ # %$< may C * ' " < requi < 5 ' % othe $ % % 7 Grantor &% $ % be by or % more wr ' $ " % ind %" $ request, " 5 authori ation z, or r $ action < by or on 7 beha f l of duals vi i des gnat i de in ng ti i by 5 ' < one < the ^? ' Person # %' ] &% % B 4 % # $$< " and * ' 5 ! $ notic without parties "*5 ' compr singi Grantor (a "Designated ). " Secured Party may e, waiv e any K any * % $ < prior < time " <, at % other $ % $ ' tak $ ! # %' $ % $ ' or requirm net tha t % Q '$' requests, authori ations z , actions be en only Des gan ited Person. % Q % " $ $ $ < by < a ? ' $ $ $ : ' agreement 4 '' %; and + Assigns -'' ' % to ' inure ben ' C be 8.07 Binding /77 $G Effect: Successors . This efit of and nd ng i % " $ shall R 7 I $ the shall bi , $' rights &$ $ 5 shall ' not Grantor '' % $' or ; obl 7 $ ' * %$ ' *% $ '* 5 ' '' %' $ ass upon $ the pa esrti an d $ % their respectiv e succsesors and gni;s prov dedi that gni its igations '' 'G * ass % the 4 % 5 % $' under 7 Secured or % any $' rights 4 % Party $% '7 % all $ $ ' $ of heeunder r wi thout the *% % prior % $$ written consent ed r Party port oni of K its $ # %$<. Secu # $$< may " < transfer < * %$ + any $ % 4 % Party *% * ' +% ' % Secured 2 $ Ob igation l Documents other Person . Secured may di ' ' scloes to ual or propo ed s tra nsf eere any ? " $' to # %$< " < $ any # %' 4 % < act < < "" 7 this $ con % pursua on i that &% " % Gran ort ' has 5 % del ivered to Secred u Party nection $ with the t n to informat $ negotiation $ * %' " $ 4 % $ $ of $ ' agreement the " %" % " $ or $ $ # %$< in pro $ Secured 2 $ Obgati li no Do cuments; and tor n sha ll coo perate fully th Secured dinvig that formation to y act ual *% 5 4 % Party Gra U + 7 %" $ $ $ in 4 % ' * % $ &% $ % $ < wi an ? " $'G # < in < % or *% * ' proposed $% '7 % transferee . 8.08 I I - B ' Rights and Remedies Cumu ve. ati l All rights and esed i under s agreement rem 5 thi " $ 5 0 $' 0 " ' 4 % 5 " ' % " $ and $ ' $ Secured the 7 them 2 $ the 7 < % " % el $ 7 ? " $' ' $ an % or K constitute B " ' " $ 5 Ob igation l Docum st ne are cu mulati , ev and exercse i of any one more of does not eon cti of remedies . $ N % ' N " ' ? " $ 2 $ 4 % Obl 8.09 Severab ty. ili Any provision $ of any gation i Do cument wh chi i ' s proh bited i or e in ( 4 5 % N % unenforceabl *% $ % < Secured - < *% 5 ' + 77 $ 5 N $ 7 ' to $ that $ W % ' R ineffect $ the " extent ' prohibition *% $ or % unenforceabi any juris ction di sha ,ll as jur sdiction i , be ve i to of such ity l without inva ida l itng ' " ' ' $" 7 % < $ $ 5 R $ < $7 the $ valid the remaining *% 5 ' ' prov sionsi of that Secured Ob igation l Document ty i or lity i of on i in any % affecting % enforceab ? " or $ % " 2 $ 4 % 7 % $< $ that $ $ provis 5 $< *% 5 ' < *% ' other sdi i ction ; except that f su ch prov on si i relatse to the payment K of any netary su m, the n Sec ured Pa rty may , at $ % jur ' N * 4 % $ * <" K + $ i K $ % ' 5 ' " $ %< ' " $' < mo $ its # < " % " $ ' $ 5*% $ by govern interpreted 7 the 5 % Governing Law. : ' Thsi agreement shall be ed and ying l the $ laws ; of $ State $ ** < 4$ $ of < app 4$ ] 7 % + ' princ > Stat regard % % to $ $' $ 7 laws California B$ (the C& 5 % 'Governi g n Law e)" without its confli tc of es.ilp *% * ' 8.12 JUR SDICT ON I I AND . GRANTOR T, AT TION OF &0-1:20 IRREVOCABLY +00/ 2 -,>A AGREES I -&0//4 THA 2#:+21 -: THE :D/ OP 26 :D-: / 4? :U2 - VENUE /1 G 2 1:/0 >-+ 4 AR 4/ 0/? SECURED #-0:AE ->> PARTY, ALL ACTIONS PROCEED NGS I OR COUNTERCLAIMS SING I OUT - :+214, #02 //?+1&4 0 -0+4+1& 2 : OF 26 OR 20 RELATING 0/>-:+1& TO :D+4 :2 THIS +1 THE :D/ SUPERIOR -&0// /1: 20 F+>> ,/ LIT >+:+&-:/? AGRE NT M EE OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUMENT WI LL BE GAT I DE IN O F RNIA , 4 #/0+20 COURT 2 0: OF 26 CALI ->+6201+- 1+:/? 4:-:/4 DISTRICT ?+4:0+ : CO FRESNO COUN TY, CALIFORN A, I OR THE TED STATES R U T FOR TRIC T OF 2 0: 60/412 2 1:A :D/ UNI 620 THE ->+6201+ 20 /-4:/01 DIS :D/ EASTERN ?+4:0+ : 26 ->+6201+-O : SERVI +00/ 2 -,>A . &0-1:20 GRANTOR IRREVO ABLY C CONSE TS N TO CE , JURISDICTION , AND E OF E CO URTS CALIFORNIA 214/1:4 0+4?+ :+21 4/0 + / -1? VENU /1 / :D24/ 26 THOS 2 0:4 620 ->> SU 4 D -1? -1? WAIVES F-+ /4 AN 2 1:/0 >-+ 4 FOR ALL CH AC TIONS , #02 //?+1&4 PRO NGS ECIDE AND COUNTERCLAIM S AND Y OTHER CHI IT - :+214 :2 WH +: -1A 2:D/0 VENUE FD+ D /1 / TO +&D: ,A D-,+: -> RESIDENC 0/4+?/1 / 20 OTHERWI ?2 + +>/ 2:D/0F+4/ MI GHT ,/ BE /1:+:>/? ENT TLED I BY VI +0: / RTUE 26 OF DOMICILE , HABITUAL E OR . ES FINAL TNE AGAINST 6+1-> JUDGM ?& /1: -&-+14: 4 +: OR &0-1:20 -1A 4 D #02 //?+1& 4D->> ,/ 20 PROC GRANTOR +1 IN ANY SUCH ACTION , SUIT NGED EI SHALL BE CO C N LUSIVE AND MA Y BE FORCED IN+1 AN Y -1? -A 21 > 4+ / - :+21 ,/ EN /1620 /? -1A /0:+6+ -:/ :D/ JUDGMENT OTHER 0+4?+ :+21 JURISDI ONI TC BY TI ON , A- CERTIF CATE I OR EXEMPLIF DIE COPY CH I SHALL BE ,A SU 2#A OF 2:D/0 4 +: 21 THE 0 /L/ #>+6+/? 26 WH ?& /1:E FD+ D 4D->> ,/ 21 > 4F/ 26 THE ?& /1: :D/ JU / +?/1 / 2:D/0 -11/0 CO C NLU SIV E EVIDENCE OF DGMENT 20 OR I+1 N ANY MANNER PRO VIDED BY . GRANTOR #02 +?/? -1 OTHER ,A LAW >-F &0-1:20 ,A +00/ 2 -,>A F-+ /4 :D/ IRREVOCABLY WA VES I TO E 6 >>/4: FULLEST /L:/1: EXTENT PERM TIED I BY LAW ON I WHICH E #/0 ::/? :2 TH >-F (A) -1A OBJECT 2, / :+21 +: MAY FD+ D IT -A HAV D- / B- ANY 12F :D/ :2 THE -1A 4 +: OR :D/ VENU /1 / 20 PR - :+21 NOW 20 OR +1 IN TH E 6 : 0/ FUTURE TO E 26 OF AN Y SUCH ION , SUIT OECDIN G IN+1 ANY T REFERR DE 4 D ACT #02 //?+1& -1 COUR 2 0: 0/6/00/? "" Trip e l 5 V Da iry $2. Smm)"" 0>2 RLOC 201 2 He Fd/r eed D % @6 ? < ; Secu tyri Agree m t ne - % " 4""%< 8 0 151 TO +1 IN :D/ THE 6+04: FIRST 4/1:/1 / SENTENCE -,2 /G ABOVE; (B) -1A ANY >-+ CLA MI TH AT -1A ANY SUC H - :+21 ACT ON,I SUIT 20 OR #02 //?+1& PROCEED NG I HAS ,//1 BEEN :2 :D-: 4 +: 4 D D-4 B, BROUGHT +1 IN -1 AN +1 21 /1+/1: INCONV NI ENT E FORUM; B (C) +:4 ITS 0+&D: RIGHT 26 OF 0/ 2 -> REMO AL V OF -1A ANY -::/0 MATTER 2 /1 /? COMMENCE D BY -1A ANY 2:D/0 OTHER 26 ,02 &D: 620 G ,A :2 -1A 26 ->+6201+- PARTY +1 IN :D/ THE 2 0:4 COURTS 26 OF :D/ THE 4:-:/ STATE OF CALIFORNI A TO ANY 2 0: COURT OF THE 1+:/? UN TE ID STATES OF - /0+ -G AMER CA;I (D) #-0:A 4:-:/4 26 26 :D/ B? -1A +: ANY + 1+:A IMMUN TY I WHICH IT 20 OR +:4 ITS -44/:4 ASSETS -A MAY D- / HAVE +1 IN 0/4#/ : RESPECT 26 OF +:4 ITS 2,>+&-:+214 OBL GAT ONS I I UNDER :D+4 THIS AGREEME TN OR FD+ D 1?/0 20 -&0// /1: -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUMENT 602 FROM -1A ANY 4 +:E SU T, I EXECUT ON, I MENT H (WHETHER #02 +4+21-> PROVISIONAL OR 6+1-> FINAL, +1 IN /L/ :+21 ATTAC -::- D /1: BFD/:D/0 0 -+? ,/620/ 20 AID 26 OF /L/ :+21 EXECUTI ON, BEFORE ?& /1: JUDGMENT 20 OR 2:D/0F+4/ OTHER W SE )I OR 2:D/0 OTHER >/&-> LEGAL #02 /44G PROCESS ; -1? AND B/ (E) -1A ANY 0+&D: RIGHT +: IT -A MAY HAVE :2 TO 0/U E0/ REQUI RE THE 2 +1& MOVING PARTY IN -1A ANY 4 +: SU T,I - :+21 ACTION 20 OR #02 //?+1& PROCEED GIN BROUG TH IN -1A ANY 26 :D/ OF THE 2 0:4 COURTS #-0:A +1 :D/ D- / +1 ,02 &D: 0/6/00/? F+:D REFERRED :2 TO -,2 / ABOVE -0+4+1& AR NG SI I OUT 26 OF 20 OR +1 IN 211/ :+21 CONNECT ON I WITH :D+4 THIS -&0// /1: AGREEMENT 20 OR -1A ANY 2:D/0 OTHER >2-1 LOAN 2 : DOCM U ENT TO #24: POST 4/ 0+:A SECURITY 620 FOR :D/ THE 24:4 COSTS 26 OF &0-1:20 GRANTOR 20 OR :2 TO POST BOND 20 OR :2 TO :-./ TAKE 4+ +>-0 SIMILAR - :+21 ACT ON.I ?2 /1: #24: A- ,21? :2 8.13 Counterpart /N Execution. : ' Th si % " $ agreement " < may be N $ executed in $ %* %$' counterparts , each 7 of wh chi will be an ' original 8 8 $ " and all K of wh chi $ $ % together are deemed one and $ the ' " same ' % " $ instrument. % " ' " 8.14 Necessary - Act on. i Secured # $$< Party ' is $ % authori ed z to N $ execute < any " 5 other " $' documnest or $ ! take < any $ % other $ ' actions 4 % 8 9 % 7 $ ' % " $ the B ' "" $ necessary $ to 77 $ $ effectuate this agreemen t and cons mmat on u i of $ the $% ' $ ' transactions $ "*$ $ contm e plated $ herei .n '' %< 8.15 Credit 0 * %$ Report. 4 % Secred u Party ' is $ % autohrized to % % order a % $ credit % * %$ report and 5 % 7< verify all $ % other % $ credit 7 %" informat on, i $ % $ I ) # < includ ng i past an d *% ' $ prese t n ' loans and '$ % standard % 7 % ' refere ces n from time to " time $ to 5 $ eva uate l the % $ %$ '' creditworthi essn of &% $ %E Grantor . F Without 7% " $ " " * '$ " 7 % lim on tat i ,i a *< copy 7 of $ the ' $ consent P % for % ' release of 7 %" informat on, i gene lar $ % $ author tazioni or similar docmuent on cured # %$< Party ' " % " $ 5 4 % file 1 with $ Se " $ $ shall % autohrize third # %' ' Pesr ons to provide the 7 %" $ informatio n % Q '$ requested 7% " from $ " time $ to ti$ " me. $ % ' *% 5 $ 1 8.16 No '$% Construction - 'Y Against ?" % Drafter. / Each # %$< Party ' has * * partic pated i in $ $ negotiating and % 7$ drafting ' this % " agreemen t, I so i+K f an " $< ambig ity u % or a Q '$ question 7 of $ $ intent % or $ %*% $ $ interpretatio n % ' ' arises, $ ' this % " $ agreem t ne is $ to be ' % contsrued as 7 if the Part esi had % 7$ drafted i $ t ' +' ' $ # %$ ' 7 % % R ** ' jointly, ' as opp osed $ to being '$% construed '$ against a # %$< Party ' because it ' was % '* ' respo ebl i sn for draft ngi one % or " 5 more *% 5 ' ' pro ons viis of $ ' this W < 7 agreeme nt. % " $ 8.17 WAIVER 26 OF :0+-> TRI AL ,A BY 0A JURY. :D/ THE #-0:+/4 PART ESI (A) 2 /1-1: -1? COVENANT AND -&0// AGREE 12: NOT :2 TO />/ : ELECT - A :0+-> TR AL I BY F-+ /0 I ,A B- JURY +1 IN -1A ANY - :+21 ACTION 20 OR #02 //?+1& PROCEED NG I FOR :D/ THE 0/42> :+21 RESOLUTION 26 OF -1A ANY 21:02 /04A CONTROVERSY 0 OR >-+ CLA M I :D-: THAT -0+4/4 AR SES I 620 0A 2 : -1A >2-1 OUT 26 OF 20 OR 0/>-:/4 RELATES :2; TO: B+ (I) :D+4 TH SI -&0// /1:; AGREEMENT; 20 OR B (li) ANY LOAN ?2 /1: DOCUMENT, FD/:D/0 WHETHER -0+4+1& AR NG SII IN CONTRACT, +1 21:0- : TORT 20 OR ,A BY 4:-: :/ STAT TE U (INDUALLY DIVI ANO 2>>/ :1/>A COLLECTIVELY, - A C 21:02 /04A "CONTRO ERS VY OR >-+ C G CLA M");I AND, (B) :2 TO :D/ THE -1? B+1? ? ->>A :20: 20 -1? B, EXTENT #/0 +::/? PERM TTED I BY -##>+ -,>/ APPLICABLE >-F LAW, D/0/,A HEREBY +00/ 2 -,>A IRREVOCABLY F-+ / WAIVE ALL RIGTH :2 TO - A :0+-> TR AL I BY 0A JURY 1 IN -1A ANY ,A /L:/1: ->> 0+&D: ,A 20 12F CONTRO ERSY V OR >-+ CLA M I :2 TO :D/ THE /L:/1: EXTENT SUCH RIGHT /L+4:4 EX STS I NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTURE. :D/ THE #02 +4+214 PRO ONS IVI S OF 21:02 /04A 4 D 0+&D: 26 SI SECTION SEPARATELY &+ /1 GIVEN ,A BY /- D EACH #-0:A PARTY .12F+1&>A KNOW NGLY I AND VOLUNTAR LY; I ANO A -A/0+-> MATER AL I TH -1? 2> 1:-0+>AG 4/ :+21 ARE -0/ 4/#-0-:/>A -1? ARE -0/ - :D+4 +1:2 INDUCEMENT 620 FOR :D/ THE 4/ 0/? SECURED #-0:A PARTY /1:/0+1& ENTER NG I INTO :D/ THE 0/?+: CREDIT -&0// /1: AGREEMENT -1? ANO 2:D/0 OTHER >2-1 LOAN +1? / /1: DOCUMENTS . ?2 /1:4 4+&1-: 0/4 SIGNATURES 21 ON :D/ THE 62>>2F+1& FOLLW O ING #-&/ PAGE Tr epli V ? $< Dairy $2 5m . m)"" 0>2 RLOC 2012 Herde/Fed '% " " ) Secu tyri - % " $ Agee r nt me 4 ""< 9 152 ) - ----------------- - &% % Grantor ' is ' signing $ ' this % " $ agreement R $ 5 effective ' as 7 of $ the < day and < % year R%'$ first % written 5 above. &0-1:20 GRANTOR 3 :0+#>/ TRIPLE V ?-+0A DA RY, I a 7 " California % general * %$ %' * part persh n i - % '' Address 7 % for $ '; notices: I I8 181831 ?% 5 Drive "'eo{2~ + : % Tulare, - CA (8 9 93274 -$$ $ ; Attention : ? 5 David Valadao /?F-0? ->.?:2 Mail: 4 ; address 7 % for $ notice < by U.S. Alternate % '' - $ % $ (8 17293 ( 91/ 2 -5 Avenue D 7 % Hanford , - CA (8 8 93230 ? 5 -$$ $ ; on:i Dav d i Valadao Attent ?- ^ ->-?-2 B4 # % ,<; ,<; :/00- ->-?-2 & % # %$ % @ ER @ E?+ -' ->-?-2 & % # %$ % ,<;JP9@@ F! M >@B> @ B- -0A " @"" & % # %$ % 2012 D % @6 Herd/Feed 0>2 :% * Tripel V ? < Dairy [ )"" $2. Smm RLOC Security - 5 " Agreemen t 4 < 10 153 )8 EXHIBIT 154 UCC 6+1-1 +1& FINANCING STATEM TNE 4:-:/ /1: FOLLOW INSTRUCT ONS I (front and ! back} -0/6 >>A CAREFUL Y L 62>>2F +14:0 :+214 B7% $ - 1- / A NAME - & #D21/ PHONE ' OF 21 -/: CON ACT T AT " FIEL R [opli nal ol "= "" CT > Lien 4 " ' Solu tio sn : 7 0 *% ' $ $ R Represon entati of fili ng Phon e: 6 N; Fax: # ; % : P1 " (Nm ae and - 5 Address ) '"" " " '"" TO B. SEND ACKNO LEDGME W NT , ' This R f iling is "* $ Comp etel d : ' 6 File 1 " % Number : 88( (( 127339179911 H1 5= File ? Date : 26-Nov01 22 6 H IH Rabo bank 1- NA 0 ! ' 8) 9 89 35747634 9) F '$ 45 0 5 % River # %! Park # Place West 4 $ Suite ) 507 6% ' Fres no - CA, (8 93720 CALI - >+ _J ~71 RABO BANK 1 - N.A. 9) - 0-,2,-1. CA - + Fiel $ ; with: 4,,:,./F Secretary of State, 6 7 4 " E THE ABOVE 4#- / SPACE +4 IS 620 FOR 6+>+1& FILING 266+ / OFFI CE USE 21>A ONLY AD/ -,2 / 4/ 1. ?/,:20E4 DEBTOR'S /.- + EXACT 6 >> FULL LEGAL NAME - - ' insert < only ~ debtor name (1a or 1b)do not % 5" abbre atevi or "" combine " ' names >/&-> 1- / = 8 % 9 ?c " K 1- / 1 a. 20&-1+T-A+?1 ORG SNZATION AI ' ) NAME OR ?0 :% * Triple V ? %< Dairy 6 6E4: FIRST 1- / NAME MIDDLE 1- / NAME +??>/ -??0/44 1c . -+>+1& MAING LI ADDRE SS D +:A CITY 4A-:/ STATE (8 ) 17293 9 1/2 -5 Ave " 1d. );G SEE "' 1' INSTRU ONSI T C D < % Hanford % H. "" 5 " JUR SDIC ON IIT OF ?0&-1 T-A+21 ORGA ON ZAT NII Y 1J+= b. +1?+ +? -> INDIVIDUAL S ' LATS 11 / NAME ) >-4: X " TYPE 6 "" OF ' " " ORGA ZATION NI I 20&- >- ADD L ' "" INFO RE I 'e. ORG NAION IZA T A 6 / 6+/ DEBTOR ?/F] +21 X #-0:1/04D+# PART N ERSHI P X 1- / 2a. 20&-1+T-:+214 ORGAN SZA IO 'NT I NAME E OR LAST 1- / NAME +1" -%' "'; ; " " -??R/44 2c. MA LIN IG ADDRES S X SEE "'" ' INSON TRU SICT );G 26 0/ I 2e. TYPE I B D&-1+T-121 ADD L ' INFO RE OF """ ORG NAIZATION ORGANIZATION -?2 > 2 1:0A COUNTR Y #24 -> > - (8 8 CA 93230 +? 1g. ORGANIZATION L A ID#. " "< USA 4- X X IX'I 121/ NONE / $ % % 2b) debto r " name B 8 (2a or - do not % 5 ' abbat ree vi or " " " ' combine names % = 2b. INDUAL'S DIVI 2d. I POSTAL CO ?/ DE - CA " ?/,:20M4 1- / X - "' %5 /L- : >/&-> NAME 2. -??+:+21-> ADDITION AL DEBTOR 'S EXACT 6 >> FULL LEGAL insert " < only ~ 4 #E+C SUFFI X "< FIRST 1- / NAME "G MIDDLE NAME " CITY ) - j STATE 20&-1+T-:+21 "'" 6 2f. JURIS CTION DI OF ORGANIZA IONT 2g. ORGAN ZATI ONA IL ( ?/,:20 DEBTOR I #24:-> POST LA ; CODE 5 COUNTR Y '"N" "" ID #, C if any X X E; IX SUFF 121/ ON n NE " 3. RED #-0: 4 PARTY'S 1- / NAME (or NAME 7 of :2:-> TOTAL -44+&1// ASSI GNEE of ASS GNOR I S/P) = - "'" insert < only one ' % party " name (3a or 8 3b} -44+&120 4/ 0/? 8 SECU 4+# % 1- / B88 % - secured * %$< 3a . B40&-1D-D21E41- / ORGANIZATI 'SON NAME X X 0 ! Rabobank 1 - N.A. OR 20 INVIDU DI'SLA T ^- / NAME 3b. +1? ? -> -4A 8 ) LAS -??0/44 8; 3c . 1 1& MAILING ADDRE SS X 9) 45 0 5 K River # %! Park # Place F '$ West, 4 $ Suite 9 401 6+04A FIRST 1- / NAME E?> +>/ MIDDL E 1- / NAME %%5 CITY 4:-:/ STATE - CA 6% ' Fresno 9 - / /1: followi 5 4. Thi s 6+1-1 +1& FINANC NG I STATEME NT 5 %' covers the ng coll:atearl ^ ' 4 I X )" SUFFI · X = " ""< COUNTRY 624 +> POST LA " CODE (8 93720 X USA 4- nts, " $' documents 7 of $ tite,l * <" $ payment " "' i+ $ ' ntangibl es, invest ment *% * %$< prop ert y, chatte l * * % paper, and + '$% " $'; inst rum ents; + 5 '$" $ (b) all + 5 %//5/1>?0 >LE/44//+>/44?/ 1>+&1// 14+&12. SS E/ ES ELSRO COGNEE NS I /CON IGNOR S ILEE IALOR B/ SELLER UY ER B/ ?4/>>/0 ' /Y BA 7. Ceh ! kc lo 0/U /4: 4/-0 D REQUE ST SEARCH 0/#20 B4 REPRO(S) T on Debor(s) l " 6+1-1 F& 7 % ; Q F 0/-> + "< ?' This FINA NCING 4+ / /1 STATEME NT is + to be " filed (for recor d] B (or " recorded) " in the REAL 5.8 -> ALTERN EVTIA ;8 /4A-:/ - ESTATE #/ ?0?4 RECORDS. Attach Addendum -" C + -A- 6+>60 6:+21-> 8.0P ON TIAL FILER 06 REFE6/0/1 / RE NCE DATA ) 35747634 8) 9 89 -??"21-> (ADDIT ONAL I FEE) 6//Y (if =" "Y applicable) 9 9) 4246 (o * Y ptinaol] 9= ?-& D/] ? -C ""; ? "" 6+>+1& + ? E " E ? ?/F] 8 361429 9 8 FFF A > C]C] · Prepared FILING 266+ / OFFICE 2#A COPY- d UCC 6?1-1 +1& FINANCI NG STATEME NT B620 (FORM K UCC1) P0/ (REI' --·---· 6+>+1& 4:-:/ /1: E EXHIBIT > L /LD+,+: by Solutiosn (323. 0] . < CT li en 4 =D " " 155 )) 4:-:/ /1: -??/1? UCC 6+1-1 +1& FINANCIN G STATE M E NT ADDE NDUM FOLLOW INSTRUCTIS O N (front and ! back) -0/6 >> CAREFULYL 62>>2F Z14:0 :+214 B+% K OF 6+04: FIRST ?/,:U0 DEBTOR B , 11a % or 1b\ ON 0/>-:/? RELATED 6&1-1 +1& FINANCING STATEME NT - / 26 21 4:-:/ /1: 9. NAME ( D 1- / 9a. 20&-1+T-:+214 ORGANI ON S' ZAIT NAME OR 0 Triple V ? %< Dairy :% * I 6+04: FIRST 1- / NAME ( 9b. +1?+ +? ->4 INDIVIDUAL S ' LAST 1- / NAME >-4: +4 />>-1/2 4 10. MISCELLANEO :SU 8) 9 -= 35747 634-CA-O Raboba nk N.A. 0 = ! 1- Secret arv of ' " State, - CA F" )""C 6C Fil e with: X 9) = 14571 - 0-,2,-1. RABOBANK 1N.A. 4246 361 429 ]9) &1T4 I +??>/ MIDDLE 1- /4 66+L NAME. SUFFIX X - 1- / ?/,:20E4 -??+:+21-> 11. ADDITI ONAL DEBTOR'S /L- : EXACT 6 >> FULL >/&-> LEGAL NAME -= ' % insert < only one D 1- / 11 a. 20&- T-A+&1E4 ORGA NIZA S TION ' NAME OR X SEE INSTRUC TIONS " )); "'E70 E 1' 11d. -??E> +162 % IADD L ' INFO 0/ RE I 8 lle : 6/ TYPE . OF 20&-1+T-:+21 ORGANIZAT ON I 20&-1+T-D?1 ORGANIZATI ON DEBTOR ?//:20 X 4/ 0/? I -??+:+21-> ADDITION AL SECURED #-0: 4 PARTY'S !2! I I 12a. ORGANIZAITON'S NAME 1- / ) 20&-1 T-A+ 1 4 20 OR D04: FIRST 1- / NAME MIDDLE 1- / NAME +??>/ +F CITY STATE 4 -:/ " D 20&-1+T-:+21-> 11g. ORGANIZATIONA L+? ID#,- if < any CS 11 b. +1?+ +? -> 4 INDIVI DUAL 'S LAST 1- / NAME >-4: ] 11 c. -+>+1& MAILING -??0/44 ADDRESS 12. :D/ THE -,2 / ABOVE 4#- / SPACE +4 IS 620 FOR 6+>+1& FILING OFFI CE USE 21>A ONLY 266+ / ' " " ' " name B 8 (11 a % = or 11 b) • do not % 5 $ abbre eat vi or "" comb ne i names X 11f. 0+4?> :+21 JURISDI CTION OF ORGANI ZATION ?0&-1+ -:+21 6 X X n 121/ O NNE +Y FIRST NAME ]04 1- / MIDDLE 1- / NAME +??>/ +: CITY 4A-:/ STATE LJ LJ " " 4 66+L SUFF XI I #24:-> POSTAL 2?/ CODE 2 1 0A COUNTRY X : ' 6+1-1 +1& - - R $ % +8 This 13. FINANC NG I STATEMENT covesr >Y + " % timber to be " cut % or >Y ' N % as-extra edct 16. Add itona il Colleara tl descr ption:i ' % *$ 4:-:/ /1: 5 %' D COUNTRY 2 1:0 " 12c. MAI LING ADDRE SS ET -+>+1& -??0/44 collat, eral is R filed as a + " fixture ]+ filing.] or +' " % ' I 624A-> POSTAL 2?/ CODE ASS IGNOR SS/'4+# 4 P NAME ` - + 2 E insert < only Q!!!! " name (12 8 a K or 12b) -44+&120 1- / + . +1?+ +? ->4 >-4: INDIVI DUAL 'S LAST 1- / NAME 12ij ET 9E ? * " 14. Descripti on real estae: t of B 4 6DL SUFFIX (i) '' ' accessions , " $' attachments and $ % $ ' other addition s to the $ % G Collaterl;a $ $ B 7 % U) ' '$ $ $ ' % substitutes or % * " $' replaceme nts for < any $ % Collateral, all *% ' proceeds, *% $' products, BW % $' rents and *% 7 $' profits 7 of < any $ % Collater la, all % $' rights % under %% $ ' warranties and insura nce + ' % contra cts covering $ the Colla , alter and % $' rights % under < any cau ses 7 of $ action $% $' 5 % $ % ' ' relating to any and all 7 of $ the $ % ; Collatera ; l and $ < % $ % $ (k) !' books, %% '* correspond,nc ee credit 7 ' files, % % ' records, 5 ' invoices, " ' manuals, service ' %5 ! % % ' records and *% % "' progra ms, E % other * * %' papers and " $' docume nts, "* $ % computer % % ' records, runs, ' 7$ % software, '<'$ "' systems, *% % ' procedures, '!' disks, $ * ' tapes and $ % other ' % storage " media % ' relating to any 7 of $ the % Colla , telar including < any 7 of the in $ the % $ $ < $ foregoing 7 % % possession or $% control of < any ' %5 service , ' + " consulta nt, or $' outside 5 % vendor * '' '' % C, !' (collective l,y "Books and 0 % 'C Records" . ) B $ 5 < 15. Name and % '' address of a 0/ 20? RECORD 2F1/0 OWNER K of above-d escr ib ed real '$ $ estaet ) 1 " K 8 5 5 = ' (if ? $ % Debtor ' does not 5 have a % % record $ % '$ E intere:st) B+7 " "" ! 17. Check QD!Y if appl icable and ! check QD!Y one box. 8 ; N +% ** " " ? Debt or 5' is a § D :"' /Y D " ? Trust or Trus ee t "" " Q % '* N acting wi hl respect + lo * 5 < proper ty held + in trust or +I ! 18. Check QD!Y il appl icabl e and ! checkQ!)!Y one N box. ** K + < D ? ?" " ' Decend enl' s /' ! Estate " :0-14 +:A+1.E ? % Debtoris" a SM,S" ITT" unurv O +: "" "" a " E %R " :% ' " Filed " in " " conne ion ct with Manuf acture d-Home Tran a sion ct FC ; 6 Filed " in " * " conne ion ct with a 6 %% % Publ c-Fi inance Trans act ion :% ' %" FILING 266+ / OFFICE 2#A COPY - UCC 6+1-1 +1& FINAN NGCI STATE MENT ADDENDUM B620 (FORM - UCC1Ad) B0/ (REV. )@ @ ( 05/21 /09) 6+>+1& 4:-:/ /1: -??/1? #% " Prepared by : CT > E" Lien 4 ' Solutions (3.8 23. 0) 8 Y 5 156 ) EXHIBIT 157 : M* Trip e l V Da iry $500k 0>2 2013 8 4) ! RLOC ? < 8 9 ( 8 D 7 %' > 7 ; He fer is Lin e of Credit: 361 403 29- SECURITY AGRE MENT E 4/ /+:A -&0// /1: K ? " $ : ' 8 ' of This ag er em net i ' s date d as December 10 , 2013. $ % " $ :0+#>/ V DAIR ?-+0A % " ge lt i ' s $ between TRIPLE Y, a California neral partnership * %$ %' * ++ BC&% $ %C and # "] '' $ 0-,2,-1. nationa $ ! ("Gra,nto )r" RABOBANK , N.A. l ba nking associat on i ("B 4 % Secur de Party "). 1 - , a $ term $ %"' $ ' of % $ conditions 7 the $ % $ % the N credit &% % 4 % Secured # %$< Party ' has extended to Gr or atn under s and Credit Agre m e ent between - % " $ $ C - % " $] 7 the % Agreement &% % Se 4 % $ ' $ $ K thi $ ' / Gran tor and cured Party ed as of date of s % " $ agreement (th e "Cer dit ). " Eac h capita izedl term this * B$ ' in $ ' $ %" used # %$< dat R i+ the % " $ will 5 $ defined hav - % " $ $ 5 $ $ " $ ' agreement R in $ mea agreement that is defined Cred t i Agreeme t n an d not n this e the ng i n specified $ $ ' " " '* R in the Credit $ ?% 7$ 5 $ ' $ Drafting - % " $ : ' agreement Agreement. This ll be $ %*% $ interpre edt i" n % accordan ec wi ht the Conv ons e. nt i % " $ wi $ extend in con ' % $ N % $ To induce Secur de Party credit to , r and on sderiati thereof , Grantor se as follow :s : &% $ % agre 4 % + % $ &% % 7 '; $ Granto % ' ' # %$< to 2>>-:/0-> -0:+ >/ 1 -= TH :D/ ARTICLE E COLLATERAL 1. 01 $ Sec Grant. &7 $ % Grantor % < hereby '' ' assigns and grants to ured Party tyuri int erest in % $' 4 % % '$ ' % $< # %$< a sec " " and the a8 Lien of D on $ all + Q E exi % her $ % &% % % wheth $ futur N ' $ $ 7 $ % " into following *% * %$< proper,ty whe rthe now own ed or eafter acq red ui by or and re now ng si t or % in the e coming < Grant U $ % ; N '$ existen ec (colle vely i tc, the "Collat ral : e") $ B $ 5 < (a) B ' % 5 from acc $' receivable 7% " the % farm 7 %" produ $' all ounts B+ (including accounts el of ts) c, s, documents , $% $ right sa "' " *% $' contract (b) B all ntory; inve 5 $ %<; (c) Q *" all equipm nt ;e " $' K in ' 5 ' " *"* < docm uen st of $ $ title, paym nt e intang bles.i investment property , chatte l pap er, and struments ; '$% " $'G * * % * <" $ B % or % to $ be grown % or (d) all 7 %" farm *% $' produ ts,c i+ ncluding % *' crops grown , growing stock born esi l used " % 5 '$ ! ' ** ' % , live K unborn % , supp ' or B proddecu in &% $ %' Grantor's 7 %" farming * % $ opeation r , and d li 5 '$ ! vestock in r i unm ur naed t cufa state ; the Z % *% $' of " $ % 7 crops products '$ G *% % ' an % fed 7 % ' $ $ paym % $ % (e) al l % $' rights to nt e, i+ ncluding < any ri% $' ghts % under any e or eral ag ricultural programs ncluding FSA *" ""' (iB * <" $ < stat 64- B 7 %" pr +O % oth $ % 7 cr reta *% $' + 5 5 % $' $ 5 ' paym nts e, right s to * <" $ payment in ki! nd $" for % *' crops or er farm oduct ,s revo ving l fund edits, di 5 ' vdend i s and nagei s; * <" $' 5 ( )P % com "" % % $ (D all ri% $' ghts wi th B '* $ respect to ry o or mon l D aw lien rega ding r any ,aera llt l including ens to $ any K the Co % li ' '$ %< $ < statut < of B+ Agr - % $ % ' % % 6 secur e the chase *% price 7 of 5 '$ ! livestkco under $ % Caaliforn i Food and culur ti e Cod e §557 01 et ., t o esta hbl is a t$% '$ rust under * % ' F pur K seq '$ ' e)) % 7 ' Q * % ' ' % * of % *' 4 % ' Q K cro oth $ % §181 $ et ' % seq. or 7 U. ' S.C. §499A et seq , . and $ to sec ure $ the pur ase ch price ps and er farm tsc under U.S.C. e I +" produ *% $' % e9((- % $' su ' % now in+ effect ; her - % $ % R K or Californi a 6 Food and Agri cureult Code §55631 % et seq ., as ch right s are eafter enac ed t, omulgat de or " % 7$ % e)) 8 ' all ' Q pr *% " $ % amedned; " G B( (g) % payme all general i $ ' ntangibles . includin g all nt " ' intagn ibles and ec ell tl au Pro perty (defi ned herein); * <" $ Int + $ $ #% * %$< B R % ; (h) B *% sup all procee sd of insurace n, price port pa ym tne or er gov ernm nte pro gram ; % * ' $ ' ** %$ 5 % " $ $ % * <" $ $ any % oth *7 ' *% % "G < crop (i) B+ access on .s i attachments and er add tion is to ; er lta oth $ Colla $ ' $ % ; $$ " $' $ % $ the '' ' 7 % C pro % % *% ' *7 ' % $' ' '$ $ $ ' U) subut tsies or % * " $' replace nt em s for any ate ll ral, all cee , sd products , rent s and osfit of 7 any llateral , all pr *% R$' $ $ $ < Co < Co B V $% $' $ % and ri% $' % 5 % ri% $' ghts % under %% ' warrnaies t and i ' % nsurance contra s tc coverin g $ the Co ,era atll l ghts unde r any ses of 7 acti on relatin g to any ' ' $ % $ < cau < and all $ of $ the Co ;ate ll rl a and $ % ; ' %5 !' (k) boo ,sk %% '* corres on enc pd, e cr % $ edit fil7 ' es, % % ' records, 5 'E invoice, s " E' manua s, l serv ice reco ds r and rgams, er pap res % " ' pro $ % *% % "' oth * * %' B! $ * ' and ot *% % ' % % ' ' % E $ % " $' '!' "* $ % reco % ' and cum ,nest computer ,rds runs , softwa ,re sys tem , s pro ce es rud, di ss,k tapes her sto ar ge me dia relat ngi to do " '<'$ "' '$ % % $ $ any K < of $ $ poss the $ % Coll ertala, ng i any of the foregoing i n the ssi eon or con rtol of ce,i con usnt, lta or isde vendor $% + $ 7 % * '' '' % ' %5 includ K any ' $ ' 5 % < 7 % out < serv 0 $ '] (collectively , "Books and Reco dsr"). B $ 5 < , !' : % 0 '$ $ " " ' $< t$ 1.02 Reinstatement. Th e $ ' obligatsino of 7 &% $ % Gra ortn und er $ ' this - Arti ecl 1 and he sec urity in $ % '$ terest i n, and Lien on > the , + $ % $ $ for N$ $ $ % any $ " $ < % ' $ $ the Collate l a r ' shall be autom call tiay rei% '$ $ nstated if 7 an d to the ext ent that on any payment by half of tnor in % on be < reas < * <" $ Gra &% $ % < or 7 $ ' % '$ 7 % '* 2 $ ' " '$ respect of the Sec ured Ob ga li tion s is % ' rescinedd or % mu st ot $ % ' herwise be ore td by any hol der of 7 any uder Oblig ations , 4 % res " ; 7 the $ Sec 4 % 2 $ ' < of < < % oth $ % % % % $ 5 ' E !% * < whe th er ' as a 5 ' result of an y *% ' proceedgs in iE" n ban kcy ptur or reogr aniza nio t or er.wi es Gra ntor agrees t it will demnify &% % < $ $ % ' tha in " 7< 4 % % ' ' of 7 ' " N* ' ' (including dema Secured Party dn $ K for all '$' costs an d expenses blean fees counsel) in %% curred by ed r Pa rty in+ B+ reaso 4 % # < on # %$< < Secu $ EXHIBIT M 158 % ' '$' defending 7 agains connection such res cission or restoration, including any costs and expenses incurr ed in t any N* ' ' $ any %% % '"'' % '$ % $ %: $ with '$ < such < ' < $ $ +5 '7 % " % any ' " $ paym % " tran *% 7 % '$ $ $ a preference cl ami alleging that such , fraudulent fser % or similar nte under , ' payment !% *$ < * <" $ constituted * <" $ < bankruptcy insolvency $ or " ; similar Z E law. ' 5 < 8 1.03 " this - 1 are $ ' Article *% 5 $ continuing $ ' 2 $ $ obliga $ ' " " shall Continuing Obligation . : The oblig onsati provid de in ons ti and apply ' ** < $ ' 4 % 2 ' R to all Secured Obligat onsi (as defin de % herein) 5 % whenever ari ng si . B ' 1.04 # Perfection . $ " $ " $ tim % obta &% % ' N $ 5 %E R record % % (a) Grantor sh all pr omptly from e to e give, execute , deliver , file, , authori ez or n, i and eby 7% " tim % her $ *% "*$ < % < B authorizes 4 " Securde Party e, ' such financing emnest and continu tion a statements , instruments , $ % notices R stat $ ' 'E % $' and $ fil '$ $ " ' $ $ other '$% " $' R " ' # %$< to % ' $; 7R ' % shall % as ' be ' offi ' are % or '' %< ' Sec 4 % $ be " $' % " $' $ %" docum nts e, agre ments or cones nts in such ces as necesrysa or ured Party e to # < may " < detennin any all K $ % $ > ' gr % " $ 7 $ appropriat e to , * %7 $ perfect and '$ ' establish the ority of the Liens anted by s agre m e en t in of the Colla eral t, to $ ' **% *% $ $ create $ pri $ % % $ *% % $< < and < thi % *R % $< > ' % $ any all $ ' % " $ $ 5 $< of * %7 $ or *$ ' 7 the $ % % to $ Liens $ Colla preserve the validity perfection priority 7 of the grant de by agrem e ent in eral t or e l $ enab < and < this ' *% 5 ' 5 thi 4 % % " $ Secured # %$< Party to rcise $' its ri% $' ghts, % " ' remedies , * %' powrse and lege is under s agreement . Secur de Party priv 4 % $ exe N % ' % < # %$< is ' hereby ' " ; continu authori , ze d but $ sh all hav 5 e no $ oblig , notai to R file R financing or on i at stat ' $ " 'E ement s, intellectual $ % E " property % " $' and *% * %$< security ' % $< agreements 7 offices $ any ' Secured W % ' $ and " " $' with 7R ' as 4 % Pa amendment s to any of the foregoing , in any rty may e nece sary s $ %" ar B 7 % $ < % < filing < jurisdiction '' %< # %$< " < determine $ Secur 4 % K otherwis % $ or 5 ' advisable to perfetc or e prot ect the interset gra ned t to de Party herein. Such cning staetments may $ security R '$ $ " $' 4 fina $ % ' *% $ $ * ' % $< $ % '$ # %$< E " < + the $ " indication % description ' % $ same " $ as $ an ' + $ or ' " manner ' desc % may describe $ the $ % Coallteral in be rid her ein or ' % *$ of Z collateral $ % that $ $ " < contain ' % ' ' ' 4 % K advisable $ %" $ % " % describing ' % 5 ' de scribes such *% * < property in any manner as Secured Party may de termine i ' s necessary , including '' %< or # < " < < other C * %' Q % ] % 7$ % ' ' "all $ % % hereaft % wo 5 ' 7 ' " % su ch *% * %$< property as persolna prop rety, whether now own de or r e acquired " or rds of similra effect. ort shall Gran &% " % ' $ *5 * < 7 % ' '$ $ " ' ' ' 7% " 7 %$ % identifying $ Secur $ $ " 4 % ' % furnish to de # %$< Party fro m ti " me to time stat m enets and sch de ules further and desc bing ri the ral e and $ 7< $ Collat such % ' reasonable % $ Co in $ % other % * %$' reports in conne notic with the llateral as Secured # < Party may reasonably request , all $ $ % ' detail. $ ' 4 % % Q '$ " < % ' < % authori & " % % permit fil (b) Granter shall not file suffer to ed, or ez or e, in any , 7 or R or ' $ % ' % $ be fil B be filed K to $ be on 7 * to R W % ' $ < jurisdiction B $ % in $ res % '* $ 7 $ which '$ $ " $ Se any R finan ing c statm enet or % ! like '$% " $ instrum ent with pect t$ o any the Collateral cured Party ed as 4 % ' not $ nam $ sole " ' the ' < < of # %$< is secured * $$< part.y ' % 2,>+&-:+214 -0:+ >/ 2· = 4/ 0/? ARTICLE SECURED OBLIGATIONS the $ % : ' ' $ prompt complete *% "*$ and $ ' % 7 %E the Thi s % " $ agret nem is to secur,e and Coll ealrt i ' s ' % $< security for, nt e and "*$ $ paym performance * %7 %" in+ * <" full when due , whe ther at ed maturity by requ redi prepyamen t, de claration , acce erat on, li demand erwis e (includ ng i the % $ % $ $ % K stat '$ $ % Q % " or % oth " ' *% * <" $ " $ % $<, < B " $ the $ auto but % the * % $ for % % $ ope paym tne of amounts d " become due ar tion of ma cti stay er Sec tion 362 (a) of cy woul " $' that 4 $ 7 the $ Bankrupt * <" $ ' < und , !% * < 8 B 2 ]4 % Ob ' '' % Code, 11 8 U.S.C. §362(a) B (and any ccessor *% 5 ' prov on is the reoñ) 7 of the (collect vely i, the igations l ' ' ) in any B $ 5 < following + % " $ 'Secured < su e8 B < order of *% % $< prior tyi that ed Party may ' ; choos:e % % $ Secur 4 % # %$< " < 7 $ Cr % $ 2 $ ' ' R the $ Heifers D 7 %' Line $ Credit - % " $ i > of (a) all Obligat ons i as defined in edit Agree t,nm e nclungdi the dated as of 1 $ ' % $ Note the ' B E ; + the &% $ % date of thi s agr e me ,nt fro m Gran tor to Secur de Party originla principal amount 000.00 , (th e "Note ;)" $ $ 7% " $ 4 % $ % $ *% * $500 % " $ " $ of $ ' )) KKK # %$< in BE (b) B (e) B &% "K und $ ' % $ % the of Granter er thi s % " $ ager emnet and er Loan um ts;ne > Doc $ oth ? " $'G ' all oblgation i s % % 4 % al " "' $ Collat $ pre any l amoun s t 5 advace nd by ured Party n ord er to serve the ; era l *% ' %5 # %$< i < and $ % G < Sec exist N '$ % % 7$ % (d) all obliga ons ti of Grantorto Secur de Party, whethre now ing or hereafer t incur red or ted , wh ether % crea %% $ % 5 B % no $ % $ % volu nt rya or "5 %< involunt ry ,a whe ther obli gatory or d $ %<; nonoblig - ora; yt wh he etr du e or t du e, wh ether abso utel or ngen i, t 5 $ $ % $ $ %< % 5 $ %< ' $ % cont or % % Q % '' " $ % acq $ terms $ %"' and con wh ether %% incurrde di % $ < rectly or rediu by assignme t n % or oth erwise . und er the ditio sn of y oth er wr itten in '$% " % strument $ % % ' $ ' $ % K an % $$ < < or % agrenm et execu dte < by &% $ % Grantor an d wh chi spec ca ifilly reci tes that thos e obli ag tions are cured by s agr eem ne; t % se '* R < $ ' ' $ $ ' $ $ N $ $ ' % $ ' % " $ < thi $K $ ' &% % $ 4 % # < $ % (e) B Proceding ; and #% G R K forego 7$ % $ $ % ' ' 2+ aga any 7 of the gin tha t ari ses afte r $ the filin g of a * $ $ petoinit by inst Gra ntor und re an solvcy en % &% % '$ In+ ' 5 < % < < or + K < $ 5 $ % enf *% 7 % the (D in the event of any procee dgin for collonecti or orcem ent of going obl gaotins i, aft er an $ $ 7 the % " $ 7 any $ fore 7 $ ' 7$ % < of B+ Event 7 ? 7 $ of Default shall e occu rred and be continuing aive , d the nses of , holding , pre paring for /5 $ ' hav %% " and 5 5 retaking N* ' ' unw $ expe ! *% * % P % sale ' or % % the % '* ' $ % > Collat lease, ' Z sell ngi or $ % ' otherwise dis posing 7 of $ or real izing on , lare or of 7 any rcise by uder Party ghts und re N % ' ' 4 % $ Sec 7 its ' ri ' % # %$< of < exe < the $ " <'E the Loan Docum ,nest toge ther with ry atto rneys ' fees st. $ > ? " $' $ any ' and court $ $ % '$' %$ cos '' %< < necessa ARTICLE GRANTOR 0/#0/4/1:-:+214 REPRESE NTATIONS -0:+ >/ 38 -= &0-1:20 8 3.01 %% $' 0 % ' " ' &% $ % Repre ent stion a. s Gra ertn represe tsn an d warran s t to ured Party : % *% ' $' Sec $ 4 % # < that 0> $500k RL OC 2013 " " Security Agre nt em e - " " 4 ""< : * Triple V5 Da ryi E 2 159 )( (a) B " % '' K the $ full and %% $ correct legal " name, B type 7 of % $ organization , W % ' jurisdict on i of % $ organization , and mailing addrsse and $ ' $ % $ place K of ' '' business of &% % Grantor ' as 7 of $ the " date % $ % herefo are %% " < correctly ' $ set 7 %$ forth N$ next to &% $ %M' Grantor s ' signature to $ ' this % " $G agreemen t; 7 * " % other $ % " (b) Grantor ' has K not B+ (i) ' used < any $% trade " name, '' " assumed " name or name N *$ except &% $ %E' Grantor s ' name '$ $ stated in the &% E % B $' firs t * % % * paragraph 7 of $ ' this % " $ agreem ent B (ii) changed $' its C $ C "location " B ' (as R defined in 4 $ Section (8 9307 K of $ the UCC) % or B (iii) chang de its juri W % ' " odintsci R%'$ K of %* % $ incorporation % or 7 %" $ G formation ; % $' (c) Grantor , each ' has $' its * place 7 of ' '' busines , s or its 7 chief N $ 5 executive 7R offic,e 7 +$ if it ' has " % more than one * place 7 of &% $ % B ' % '' business , is $ located K at the addr ss e adjacent $ to $' its ' $ % signature ; below; '" '' " (d) B except B % for > ' Liens N*% '' < expresysl permitted % under $ the $ $"' terms 7 of $ the % C Credit - % " $ Agreement, &% $ % Grantor ' has K not " granted any * %" $ N *$ < security % '$ interest in < any 7 of $ the $ % Collateral except to 4 % Secured # '; Laws; B ++ U % (D B7 7 % Grantor +' is $ ' ; the sole % % record and R beneficial owner of and ' has good and " %! $ markteabl e title to " the $ % Coat lleral in $ " $ &% " % which $ it * %* ' purprots to grant a ' % $< security + $ % '$ interest * %' $ pursuant to Artic e l 1; ; and -%$ % $ (g) B( 5 Secured # < Party ' has and $ will $ continue $ to 5 have ' ' % < as security 7 % for " the 4 % Secured 2 $ ' Obligati ns ,o a va lid and 7 % enfocea r ebl 4 % Lien on and ' % $< secyurit int etres in and, * upon *% * % proper R 7 filing of < any O UCC 1- 6 Financing 4$ " $ Statement + in the office K of $ the % California 4 5 $ %< Secatrery $ % '$ > # %$< ' > * %7 $ % 5 %< of 4$ $ Stat,e N $ execution of < any $% control % " $ agreement or del ivery of $ % Coatera ll l to 4 % Secu ed r Party s ' * '' '' posse sion s, perfecdte Lien on and 7 $ security E % '$ interest E" in all $ the $ % Coat ll eral, free of all $ % other > ' Liens, "' claims and % ' rights 7 of $ % third * %$ ' parties $' 5 % whatso er ve except 7 % for > ' Liens 7% N *$ ' expr y es ls permitted % under $ the $ %"' terms 7 of $ the % $ Credit - % " $ Agreem nte % or $ ' this % " $ agreement BC ("P# %" $$ ' ermitted Liens .)" * %" N*% '' < 3.02 8 7 lnfonnation - % $ Accurate and " $" Complet e. &% $ %' Grantor's ' " '' submi sion s of < any % * report, % % recor,d %$ R $ certificat e % or $ % other 7 " $ informa ion t pertaining $ to the condit oni or * % $ ' operat ons,i financial % or $ % ' otherwise , 7 of &$ $ % Granter % or < any 7 of $ the $ % Colla al,rte 7% " from $ " time $ to $ " time, R $ % * %$ 7 %" $ whethre % $ % Q % or not requ red i under $ ' this % " $ agreement , will be " deemed "* accomp nied a by a $ *% ' representation < by &% % Gran ort $ J that $ the % * report, % $ % < record % $ or inform tion a is "* complete and % $ accurate in all " material % '* $' respe stc ' as $ to the condi ion t or * % ' ope on rat si of &% $ % Grantor B (and, if " $ % 7 ' % % appl cable i , Grantor's 4 ' % ' Subsidiarie , s Affi iatl,es partn s,er sharehold , rse members , % or $ % other *% * ' princ pals} i , includi ,gn without " $ $ limitat , nio ' % %' " " %' $ $ -7R $ ' * %$ %' ** &% $ 7' $ all " % K mate alri conting nte liabiliti , se and ' does $ not " $ omit $ to '$ $ state any material $ $ fact '' %< necessary $ to " ! make " the 7 %" $ information con ain t ed therein CD % " + $ 'E < " $ % not " ' misle ding a. ARTICL E 9 4 H - &0-1:?0 GRANTOR 2 /1-1:4 COVNANTS E -0:+ >/ to " ! make $ ' $ " ' 4 % 2 $ ' 5 * + ' 4 % # %$< ' $ Until such tm i e as all Secured Obl gation i s have been paid in full in cash and Securde Party has no obliga onti addiitonal > '; Loans: $ $ (a) Granter shall ' cause an expr ess '' " $ assignment 7 of " ! milk !' checks to be R filed $ with $ % '* $ 5 the respective creamery . That N*% '' &% " % ' : $ % " %< B assignm nte muts *% 5 provide that all " ! milk "' accounts % 5 receivable be * paid % $ < directly $ to 4 % Secuer d # %$< Party. '' " $ " '$ $ (b) Granter ' shall B (i) *% * % < proper y l *% ' %5 preserve, " $ maintain and % care 7 % for $ the $ % $G Colla ; er lta maintain B % (or ' cause $ to be " $ maint ed ina) " $ &% % B all policies of insurace n requ erd i for the Collatral e under the Credit - % " $ Agreement and * < pay B % (or ' cause * <" $ paym nte of) all *% " "' premiums 7 % for 7 that ' % insurance on % or *% % prior to the daet whe n G due; B (ii) ' use, * % $ opearte and " $ mai ntnai the $ % Collatera l in "* compli cena with all Applicabel $ -** $ $ $ $ ' % % Q % " $' > ' $ Laws and in "* comce pli na with all ** appliacbl e insur ce na requir nm eset and % $ 'G regulations ; B (iii) *% "* < promp lyt * < pay when due all $ N ' taxes and tra nsportation , '$ % storage, % ' ware sioung h and $ % other ' such % ' charges and 7 ' fees % affecting or % ' arising $ out K of % or % $ relating to the Collatera l and $ $ % $ '* %$ R defend $ the $ % Collatral e against < any [ "' claims and " ' demand s 5 %' adverse $ to " the % '$' interes st of &% $ % Grante r % or 4 % Secured # %$2 RLOC 2013 Sec ity ru Agret enme - 5 " " 4 % $< 3 160 (e) B % ' % N ' any % > + $ ' in, excpet $ % for $ the # %" Permitted Lien , s &% $ % Grantor will K not % K grant or suffer to exist security interest Lien on, > ' N *$ + or < ' " any < Liens % ' ' N *$ to ! * $% of 7 all > ' "' of the Collat ealr except Secured # %$< Party, and will keep $ the $ % Collat ral e free , clms ai , secur ty i interetss an d K ' % $< $ % $ 4 % 4 % 7 Secur ' # %" $$ > ' 7 encumbranc se of < any ! % kind or $ % nature except the sec tyuri i $ % '$ nterest of ed Pa rty and such Perm tted i Liens ; *% 5 prodev,di how veer N *$ B " % ' 5 % # %$< ' $< # < ' > $ Co that no # %7 " Permitted Liens may have * $< priority 5 % over 4 % Secured Party s ' % '$ interest in, E and Lien on, the llateral ; " % G > ' $ $ " < 5 E m Grantor ' shall *% "*$ < promptly * < pay when due all $ N ' taxes and all tran son portat , i storaeg, wa rehou ing s and other ' such % ' $% '* %$ $ $ 5 &% % '$ % B '$' '' %< $ the $ % costs $ *% ' charges and 7 ' fees 77 $ affecting % or % ' aris ngi out 7 of ; or % $ relatngi to Coate ll ral and all necessa ry to preserv,e fend, enforce and 7 % $ de % ' # %$< ' collect the $ % + Collateral , and < any '$' costs to perfect 4 % Securde Party's sec urity " % ' interest and all def end $ the Collateral against < any sh ' $ % '$ ' % $< ' $$ $ * %7 $ & %E' claims and mands 5 %' adverse to inet rests K of &% $ 5 Grantor or ured # %$<; Party; *% prov ded i, how ,rve wi $ $ thout wai ngvi Gr asntor' default % Sec 5 % 4 % " ' $ the "' $ $ $ ' ' de '$' N* ' ' for failure to make < any ' such * <" $ payment , Secured Party at $ $' its *$ option " < may pay any ' such cos st and expesnes, discharge ' % $ " ! 4 % # < $ % % * < < 7 $ ' encumb ces nra on the 5 Co, llater la and pay for insurace n of the "% Collate , rl a and such paysme tn sh all be a * %$ part of the Se cuerd ' * <" $' 7 % ' % 7$ " % ' * < 4 % B % < 4 % Obl gatii ons and % bear $ % '$ intees rt at the De fault 0 $ Raet and Granto r ' shall % " %' reimburse Secu edr Party on " demand for any cos ts so &% % # < $ $ ? $ $ 2 $ ' '$' ' incurred ; %% G (g) B &% % its "' rights to make coll ec io,nt Grantor will D $+< dilignetly $ collect + all $ % ; Collateral ; + " ! $ 4 % # %$< N % ' ' $' un l it Secured Party exercises (h) if any Collateral ' is % or " ' becomes $ the ' W $ subject 7 of < any % ' % registio at nr certifica , e t certifica et of dep oist or $ negotibale 7 7 %$ 7 $ 7 K * ' $ < $ % B &% " % 5 % ' document 7 of R title, including any warehouse % * receipt % or bill 7 of langd,i Grantor ' shall "" $ < immdeiat lye deliver su ch do cument to cured " $ " $ $ Se 4 % < % ' Party, $ $ % together $ with any necessary %' " $' endo sem r ;nt se # %$< < '' %< $ < (i) Grantor will $ not sell , l ' ease, % agree to sell % or ' leaes, or oth erwise dispose of any Colla ·e, xcept laert that until $ % N *$ $ $ " $ E' $ ' % $ an B][( 8I &% $ % ' B so, the ' W K *% 5 ' Event of Default % or $ the % 5 $ revocation < by 4 % Secured # %$< Party of Grantor's % right $ to do and subje tc to ion s of , 7 &% $ % ' $ provi 7 this ' 7 ? 7 /5 $ % " $ $ ' agreement Grantor " < may (i) sell % or ' lease < any $ % Collat ral e constitu ting 5 $ %< inventory % or 7 %" *% $' farm products in the ordinary se of bus nesi at $ 7 ' '' %' $ prices '$ $ $ *% ' &% $ % % %< cour B ) C % const tuitngi the 7 % fair " %! $ maret k 5 value thereof ; and B (ii) us e feed , ' seed, 7 % ferti z,reli che mi , cal s med cinesi and other ' ** ' supplies used or " "' $ % ' '$ $ $ " 'E $ 7 B % "G ' &% $ % ' produc de in Gr ans tor' farm ngi operations + in the nariy course of Grant so'r farm gin * % $ '; operations ; ord %' $ &% $ 7' P %" * % $ ' *% 7 %" " %< U) Grantor will e and 5 $ deliver ' such $ additional do cum nts e as " < may be '' %< neces ary s or osbly na reque ted s by " $' &% $ % execut N ' K rea % Q '$ % ' $< < BW $ # %$< ' 4 % cured # %$< Party in conn ection $ with the creation , ? $ perfection and " $ maince anent of Sec reud Party 's sec uri yt $ ' interest in the Collater , al Se $ $ % $ $ 2 $ % 4 " ' % $< 4 % % '$ % including all ass gnments i , transfers and other " $' docum snte requirde < by Sec ured # %$< Party to sfer $ to Sec ured Party , all eral and % Q % '' " $' $ tran $% '7 %' 4 % + $ % fed 7 % # %$< R$'; staet government program * <" $' payments , all rights to paymen t, $' accounts , % genreal ' intangibl es and benefit; s % $' '$ 5 % " $ *% % " $ * <" $ (k) B! Grant ro will " not $$ attach < any $ % Collatera l to < any real rty e or fiRN$ % xture in a " % man er wh ich might se such % prop &% % $ $ " $ cau ' ' *% * < Collaeatlr to " become a * part $ % 7 thereof '' unless Gran tor R$'K first $ ' obtains the en conse nt of y own e,r holde r of Lien on % $$ ' $ 7 an $ writt % $ % $ &% $ % % 7 any the $ real " < < > proeprty % or RN$ % fixtur,e % or % other # %' Person 5 having an interets in su ch *% * %$< proprety to oval by Secred u Pa rty K of $ the Coll aelrat from $ the % " 5 $ rem $ % '$ ' $ % 7% " # %$< *% * %$< < 4 % ' '$ such % real *% * %$< property % or RN$ % fixture. Such written ' consent ' shall be in form substcnae acc ep abl te to ured Pa rty and 7 %" and $ Sec *$ ' + 4 % shall ' provide 4 % $$ *% 5 # %$< that Sec ured # %$< Party has no " < liality bi to ' such % owner, % holder of lei n, % or an y $ % other Per s; on 7 any # 5' ; ' < < 4 % $ $ $ (I) B+ Gr antor ' shall " $ 8C maintain all , !' Books and Rec ords * %$ penin rtagi to consittuting a * %$ portion of atera ll l located &% % $ or % '$ $ $ 7 the 0 % ' $ Co $ $ % at a $ location % ' < reasonably ' $ '7 $ %< $ satisfactory to Se cured Pa rty and Will ange the locaiotn of such Books ord s without $ not K ' $ ch ] $ , !' and Rec 0 % ' 4 % $ $ $ the # %$< prior % $$ wri tten conse t n K of 4 % Secu edr Pa rty, which ' $ consent ' shall $ not be unr easabl noy with d; hel an d $ G *% % ' $ % ' < # %$< (m) B" Grantor ' shall K not R file any amendments , correction statements or termi onanit stat ements conce rning the % %% $ '$ ' &% % $ %" $ '$ " ! $ < " " $' Collat al.er % ARTICLE 5 = · 4/ 0/? SECURED #-0:A 4 PARTY S ' 0+&D:4 RIGHTS -1? ANO DUTIES ? :+/4 -0:+ >/ ) 5.01 ) Secured # < Party " < may at its *$ option at y ti$ " me, whe her t or not Gr antro is deft:aul Secured # " ' Party's 0 $' Right.s 4 % ' 5 $' $ an +' in $ % &% $ % % $ + 7 $ < (a) requ rei Gran orto t $ ++ % del veir to 4 " Secreud Party B+ (i) * ' copies " of or N$% $' extracts C " from the , s (ii ) % % ' records $ Books &% $ % $ % Q % Record # < , !' and 0 % ' B B8 and schedules wh chi 4 show $ the st'$ $ ' atus and cond iton i of the Coatera ll l and where it ' is $ locae,dt an d (iB+ ii) i 7 %" $ nformionta on contracts ' ' $ $ $ % any < $% "' or % other " $$ %' matters " affecting the $ % ; Collatera ; l % $ +$ {b) require &% $ %$ Graontor permit 4 % Securde Party and its agenst and ' $ $' consutant l s to inspect the Coll , er tala the +$' $' % Q * $ $ '* $ $ $ % E $ # %$< B reason ble a costs and expesnes of which ' shall be born e by Grantor and ' shall be due and payable * " ; upon demand ; K * < % % ' '$' /N* ' ' < &% % (c) B require &% $ % Grantto or $ furn shi to 4 % Secured # < Party a li '$ st of yers, proce sors, s onsi merchants , 7 the % Q % " ' $ bu $ "" '' < %' *% '' %' commis " % $' coopera es, vti or ' se ng ill agents to or thro ugh " whom & $ Grantor ' ' sel ls < any farm product % or % other $ $ Collatera ; l and + in the event that + *% $ % $' $ % $ % * % $ 5 ' $ 5 $ Grantro thereafter ' ' sells 7 %" farm *% $' % produ s t c or $ % other $ % Coatera ll l to or throu hg a * ' person or $ $< entity not identified + in the lsi t, Gr antor ' shall $ % $ K &% % $ % 7$ % % $ R $ '$ &% % notify 4 % Secure d # %$< 7 $ Party of the ' sale K not '' less $ than ' 5 seven B (7) <' days *% % prior to sale; $ ' ; $ the $ 7< Trip e l V ? < Da ryi $500 k 0>2 RLOC 8 2013 : * G= [ ! Se curity - " " Agee rm nte 4 ""< 4 161 ----- -----------· ···-----------·· ·- (d) B -···· -· · ------ ---- $$ * * % '$% " $' % require &% $ % Grantorto deliver $ to 4 " Secur de # %$< Party < any instrum nt se or chattel paper; % Q %% + 5 % $ % * %' ' $ $ $ % > % 7 the (e) notify % or % Q % require &% $ % Grantorto$ 7< not fy i < any $ account $ %' debtors, < any buyers Collateral , or < any other persons of < %' of $< B 4 " " $ % G Secured # %$< ' Party's % interest in the Coll ; ertal (0 B7 $ forward proc 7 % % al notify % or % Q % require &% % Gran tor $ to $ 7< notify any accotun $ % debtor to l paym nts e and eeds 7 of the Collate alr *% ' * <" $' $ $ 7< < $ to 4 % Secured # $$<; Party; and & " % ' % *$' !' $ ! $ ' " $', (g) endorse % or ' sign Gr antor's " name on all check , s % ' drafts, collections , recei pts and $ % other documents and to $ take %' B proceeds *% ' 7 % " 5 $ $ % &% $ $ possession 7 of an d * open $ the " ma l i addresse d to Gra tnor and remov e $ % 7% " therefrom any payments and of the Collateral. % '' * '' '' < * <" $' 5.02 ) ^ powers * %' 7 No > $< Liability on U $ % G Collateral: " Indemnity . : The rights and of 4 % Secur de Party hereunder % are 7 %% conferred # %$< % 1 4 % ' * solely to prote tc i $' ts $ % '$ inteer st in the $ % Collateral and shall not "* ' * impose upon Secu red Party any duty it to exercise < any ' such $ N % ' < upon # %$< < *% $ $ ' < &% $ %E' 7 Gran $ ' % $ ' righst % or * %' powers. 4 % Secued r # %$< Party ' does K not in < any way assume < any of sort' liab lities, i obligations or dulies under , % or with ' % R $' < '' " respect $ to $ the $ % Collat ral. e Grantor ' shall rema n i liable $ with % '* $ respect $ to the Collateral to this agreement had &% $ % $ % $ the $ same ' " extent N$ $ as ' if D ' % " $ % " % '* $ not been N $ executed . Grantor % ' agrees $ to i " 7< ndemnify , prot ect and hold 4 % Secured Party harmless from any and *% $ $ 7% " and '$ < all &% "" against K # < %" '' lai bilities , "' claim , s " ' demand s, " ' damage, s act ons i , *5 ' proceding e, s ses, '$' cosst and expens es (in cluding " <' attorneys ' fee s and court N* ' ' ' '' ' $ ' B los + $ ' cost)s % ' aring si i n conn eon tci with % or on accou nt 7 of any of $ the % Collate l.ar $ $ '$' < 7 5.03 Care 7 of $ % Collateral. /N *$ Except for cusotdy of any $ % Collateral in its possession , Secur ed # < Party shall e 7 < ' '$ < 5 4 % 7 % the $ safe $' * '' '' ' hav ) 8 % no duty as $ to < any ++ $ % Collat eral or to the taking 7 of any steps to preesrve rights '$ against any party. Secured $ % * %$< ' be 4 % Party % as ' $ $ $ ! *% ' %5 R $' # %$< shall < other < ' < '$ *' deemed $ to 5 have N % ' execr ised % ' % reasonaleb care in the custody and *% ' %5 preesrvation 7 of < any Collateral in ' its * '' '' possession 7 if ' such Collat rela $ % + $ % B '$ < " % ' is $ accord de treatme nt ' '$ $ < subially tsna equal to that which 4 " Secured # < Party acco rds i+$' ts own perty , % or ' is accord de $% $" $ treatmen t % pro Q " " BB $" $ +' " * < 7 % ' complyin g with any *"5 ' pro sionvi of any er " $ docm u ent sett ngi fort h a '$ % standard $ of care such Collatera l. ' $$ 7 $ % % for $ < 7 K "* < < oth ARTICLE 6 = · / /1:4 EVENTS 6 OF ?/6- >: DEFAULT AND REMEDIES -1? 0/ /?$/4 -0:+ >/ 6.01 ) C/5 K Events 7 of ? 7 W$ Default. : The fol owing l each ' shall be an event default % under thi s % " $ agreement B (an "Event of 7 7 $ 5 $ of ' " /5 $' Defaul : )t" ? 7 C ; (a) B an /5 K Event 7 of ? 7 $ Default % undre $ the % K Credit - % " $; Agreent; em and (b) B Grator n brecaehs an y ter m, prov ons,i i warrnaty, representation , covenant or agreement % under this % % " $ $ ' 5 " % *% ' $ $ &% $ % % ' *% 5 ' %% $< $ %" < agreement. % " $ 6.02 Remedies . * Upon $ the occ urr cene of an /5 $ Event of Default, 4 % Secured # < Party " <; may: K ? 7 0 " ' %% (a) pureus < any % or all % " ' remedies as set forth in thi s ag er ement % or the % $ Cred t i Agre nem ,t at l aw, % or in 'Q $ ; equ ty; i + ' * %' + % " $ - % " $ $ ' ' $ B (b) enf orce the sectyuri intes er t given herenuedr or < any oth re ' % " instrum nte or purus ant to UCC and $ % 7 % $ ' "< $ % % % agreement % " $ * %' $ + $ % '$ the $ B able c Law; any $ % other -** Appli > ; < (c) enfo cr e C ( the ' % $< security i % '$ K nteer st of 4 % Secured # %$< Party in < any de posit account of Grantor maintain de wi th < any Se cured * ' $ &% % " $ 4 % 5 B Party < by ** < applyign such $ account to the 4 % Secre ud Ob iga lio ;stn " N 'G ' $ # %$< (d) B # %$< ' requir e &% $ ; Grantort o $ $ obtani 4 % Secred u Party s ' pr*% % or i writte n ' $ consent to any sale , ' leas,e % " $ agrem nt e to e, % Q % % $$ $ < ' or % leas ' ' $ sell or $ % '* ' other disposi tio n of any Collat ral e; % 7 < $ % ; (e) B require &% % Grantorto $ seg egate r all ' collection s and procee sd 7 $ of the Collat ral e so that they capable of *% ' $ % ' ' % $ % Q % % * 7 " < are identific ion at and 5 % delivre daily such $ ' colloect sn i and sd $ to 4 % Secre ud Pa rty + in kind ; procee *% ' !" G # %$< + $ < ' " M (0 require &% $ Gra or tnot assemb e l $ the % $ Collateral , including the Books and Reco,rsd and ma ke the m ava lable i to $ , !' % Q % 0 % ' '' " " ! + 5 $ " B% Party K at a * place ' $ des gnaited by 4 % Secreud Party; Securde # < 4 % # %$<; < (g) ent er * upon $ the *% * % < property % where any Collaeal tr, inclng udi any , !' Books and Reco ,rd s is located and take + % ' $ $ ! < $ % < 0 % ' B( possess on i of ' such $ % K Coatllealr and Books and Reco rsd, and use su ch *% * < proprety (iB+ nclud ngi any build ngsi and facilities )» and $ ' ' * '' '' 0 % ' ' , !' such 7 $ 'O < ' any 7 of &% %E' Granto s'r equ pm i net, if 4 " Secerud Party "' deems ' such use necessa ry % or * % *% apprpo riat e in or der to take * '' '' poss on ess i of, hold, 7 ' '' %< + Q %*% $E # < % % < $ $ ! K preserve , process, '' " *% * % assembl ,e prepare % for ' sale or lease, " %!'K market for sale % or ' lease, ' sell or ease, or otherwise rem ove and /or % ' 7 % ' % l ' *% ' %5 *% '' ; $ % ' @ % % " 5 dispose 7 of, < any $ % G Collaer tal; '* ' Triple Dairy $500k RLOC 2013 :5 * V 8 ?/F [) ! 0>2 Security - % " $ Ager men t 4 < 5 162 (h) B +% % " 7 demand and $ collect any * <" $' payments on and *" ' procee sd of $ the $ Coat ll eral from account $ %' debtors and $ % other < %'G obligor ;s % $ % 7 % (i) grant N$ ' ' extensions and "*% " ' compromi es or ' $$ settle "' claims $ with % '* $ respect $ to $ the $ % Coatera ll l for '' less $ 7 than face 5 value, * upon B % ' reasonable *% % prior $ notice $ to &% % Granter ' as " < may be % Q % reqiured % under $ the ; UCC; U) B ' D use % or trans fer < any K of &% $ %' Grantor s ' % $' rights and $ $ '$' interests in < any + $ Intellectua l #% * < Property now owned % or % 7$ % hereafter Q % acqu redi by &% $ % Granter , $ if 4 % Secured # %$< Party "' deems ' such ' use % or $% ' 5 transfer '' %< necessary % or **% *% $ appropriate in % % order $ to ! take * '' ''$ possession > of, hold, < *% ' %5 preserve , *% '' process , assemble , prepare 7 % for ' % sale or ' lease, " market P % for ' $ sale or ' lease, ' sell % or ' lease, % or $ % ' otherwise '* ' dispose of, < any '' " *% * % &% $" ' % $ Granter % ' agrees $ $ that < any ' such ' use % or $% ' % transfer ' shall be $ $ without < any $ addi ional t consideration $ to &$ % Gran ert B ' (as ' used in $ ' this % " $ ] " ' agreement , "In tellectua l #% KE Proprety" means all $% E' % trade secrets, "* $ % computer ' 7$ % software, ' %5 service " %!' marks, $% " %!' trademarks , $% trade " ' names, $% trade 7 % '$% $ sty esl, copyr ghtsi, paten ,st ** $ ' applicat onsi for < any 7 of $ the 7 % foregoing , '$ " % customer '$' lists, %! worki gn % ' drawi gs,n instructional " ' man als, u and *<% $' * $ $' '$< 'E " 7 $ % % % $' rights in *% '' ' proces se s for techn cali manufactu ing ,r packaging and labeng li , in which &% % Grantor ' has < any % $ right % or % interest, $ % whe her t by * ! < $ % Coatera ll l. owners ,iph ' E lci ense, $% $ conract t or otherwise) ; % % ' G %' * 5 (k) have a % 5 % receiver ** $ appointed < by < any court K of "* $ $ compet nte ' R jurisdiction $ to $ ! take * '' '' possession 7 of the $ % Coatera ll l. B! Granter % < hereby ' $' consent s to appointment 7 of ' such a % 5 % rece veri and % ' agrees $ not $ to ** ' oppose < any ' such ** $" $; appointme nt; the &% $ % $ ** $" $ $ ! (I) take ' such " ' % ' measures ' as 4 % Secured # < Party " < may " deem '' %< necessary % or 5 ' advisable $ to ! take * '' '' possession of, hold, B+ ' - *% ' %5 prese,rev *% '' proces , s '' " assemb ,e l insure, *% * % prepare 7 % for sal e % or ' lease, " $$ % makr et 7 % for ' sale % or ' lease, ' sell % or ' lease, % or $ % ' otherwise '* ' dispose 7 of, ' % any $ % > Collateral , and &% "" Granter % < hereby %% 5 < '$ $ $ ' irrevocably consti utes t and ** $' appoints 4 % Secred u Party ' as &% $ %E' Grantor's $$ % <=+ =7 $ attorney f-natc i to * %7 %" perform all $ # $$< < acts and N $ execute all " $' documents in connection $ % $ ; therewit ; h $' X (m) wi thout $ % notice or " demand $ to & " % Granter, ' $ set C off and ** < app y l '$ against < any and all K of $ the 4 % Secured 2 $ ' Obgations li any 5$ < B" $ " $ and C all * ' $' deposits B % (genelar % or '* " spe , cial time % or " demand, *% 5 ' provisio l a n % or R final) and < any $ % other 4 % Secured 2 " ' Obliga ions t, at <$ " any time held % or owing < by 4 % Secured # < Party % or < any of 4 % Secured # %$< ' Party's $' agents % or 7R ' $ affi iates l to % or 7 % for $ the % $ credit of $ the $ accou t n of &% % Grantor % or < any 2 M guaantor r or %' % endorser 7 of $ the 4 % Secred u Obliga ;siont and % $ % 2 $ '; (n) B % Secured # %$< Party " < may in ' its ' sole ' % discre ion t enforce one % or " $ more % " ' remedies % % hereunder , ' '' 5 < successive y l % or 4 % $ % *% 5 $ %% $ < concurrently , and ' such action ' shall $ not * % $ opeate r to ' * estopor prevent 4 % Secured # %$< Party 7% " from * %' pursu ngi any % other % or % further % " < remedy < may 5 have % % hereunder % or < by law, and < any % * '' '' repossession % or % $ ! retaking % or ' sale 7 of $ the $ " Coatlleral * %' $ pursuant $ to B the $ %"' terms % hereof which " it " < ++ ' % shall $ not * % $ operate $ to % ' relea es &% " % Granter until $ the 4 % Secured 2 $ ' Obl gations i are * paid in 7 full in ' cash. &% % Granter ' shall % " %' reimburse 4 % Secured # < Party * upon " demand 7 % for all '$' costs N* ' ' and expenses B (including % ' reasonable " < ' attorney s ' 7 ' fees) %% incurred < by 4 % Secured # %$< Party in $ connect on i with < any sale, '* ' $ disp,os noiti repa r, i % * " $ replacement , $ % $ alteration , $ addition , "*% 5 " $ improvement % or % $ $ reten ion t of < any $ % Collatera l % % hereunder . 7 % * % ' 1 $ 8 6.03 Notice 7 of ? '"' $ Disposition K of $ % Collateral and ? ' " G Disc mer ia l of F %% $ ' Warrant es. i lt ' is " $ < mutually % agreed $ $ that B (a) +$ (K % ' '' "" % 7 $ % Q % commer al i c reasene onab ssl and good faith require 4 % Secured # < Party to 5 give &% $ % Granter no " % more $ than ) 5 <' days' *% % prior $" written $ notice of $ the % 7 $ % $ " tm i e and * place of < any * '* ' $ publ c i disposit on i of Coatera ll l or 7 of $ the $ " time 7$ % after which < any *% 5 $ private '* '" disposit on i or < any % other $ intended % '* ' 7 % % ' ' $ disposi iont is to be " made, and B (b) $ it ' is "" % < commercia ly l reaso e abln for 4 % Secu ed r Party $ to ' " disclaim all " ' warranties whihc % ' arise with # %$< respect $ to $ the dispo oniits of $ the + $ % E Coateral. ll % '* $ '* ' $ 7 I 9 F 5 % 7 &0-1:20 6.04 Wai ver of 1 $ Noti ce and D % Heari ng. GRANTO R D/0/,A HEREBY F-+ /4 WA VESI ALL 0+&D:4 RIGHTS :2 TO - A ?+ +-> JUDIC AL I HEAR NGI OF ->> D/-0+1& 26 -1 ,A ANY .+1? KIND #0+20 PRIOR :2 TO :D/ THE /L/0 +4/ EXER ISE C BY 4/ 0/? SECURED #-0:A PARTY 26 OF +:4 ITS 0+&D:4 RIGHTS :2 TO #244/44+21 POSSES ION S OF :D/ THE 2>>-:/0-> COLLA ERAL T 26 F+:D2 : WITHOUT ?+ +-> JUDICIAL #02 /44 PROCES S 20 OR 26 OF +:4 ITS 0+&D:4 RIGHTS :2 TO 0/#>/F REPLEVY , -::- D ATTACH 20 OR >/ A LEVY #21 UPON :D/ THE 2>>-:/0-> COLLATERAL F+:D2 : WITO HUT 20 #0+20 PRIOR 12:+ / NO CETI OR D/-0+1& HEARIN .G 9 ) 6.05 Power 7 of - " Loan ? " $' Documen .s t All acts 7 of 4 % Secred u Party and $' its ' ' design es in ' such $ - ' + # %$< % capacit y ' shall $ not be liable 7 % for < any ' acts K of "" '' comm on ssi i or " '' omission % nor for any %% % error 7 of W " $ judgment % or " '$ ! mistake 7 of 7 $ fact % or law. : ' This * $< $ ; < * % power 7 of $$ % < attorn ey ' is * coupled with an % 'K interest and +4 is %% 5 irrevocable ) so long ' as < any K of $ the 4 " Secured 2 ' Obligation s remain * unpaid % or % " % * %7 %" unpreorfmed or B % there N ' ' exists any "" $" $ commi ment t by 4 " Secured # %$< Party $ $ that could 5 give % ' rise $ to < any 4 % Secured 2 $ ' Obligati ns .o < < Tri ple 5 V ? '%< Daryi '' S500k 0>2 RLOC 201 3 8 Secu ity r Agee r men t 4 ""< - % " $ 6 8 163 6.06 Defic ency.i If the proceeds 7 of, % or $ " % othre B $ $ reaza lition upon, $ the % Coallet ral by 5 virteu 7 of $ the N % ' exe secir of % " ' remedi es ? 7 < +7 $ "" ' 7 * < avaabilel to 4 % Securde # < Party % under 4 $ Se oncti 6.02 are ' 77 $ insuffic ent i to 5 % cover the costs N* ' ' and expens se of ' such N % ' exerc sei and $ the * <" $ payment $ % '$' K 5 " in full K of $ the 4 % Securde 2 ! ' Ob igat on l si, r ' shall % " remain $ K liab e l for < any R < deenficiy to the N$ $ extent *% 5 prov dedi under -** Appl cabl ie Law. &% $ % $ % > Grante 7 -0:+ >/ ARTICL E 7 = · 12:+ /4 NOTIC SE - All $ ' notice ,s **% 5 ' approv s, l a consen, st and % other "" $ ' communic ons, i at under $ ' this % " $ agreement BC1 C ("Not ce ) "si must be 5 given in % ' $' " '$ acco nce rd a with and will be ' W $ subject $ to $ the %"' terms and *% 5$' ' provisions of the $ Credit - % " $ Agrent. em Notices must be " mailed % 5 % or delivre,de if $ % 1 $ ' " '$ $ to &% $ % Gran er t, $ to $ the % '' address W $ adjacent $ to &% $ %M' ' $ % Grantor's signature be ow l; if to 4 % Securde Party, $ to 9) 45 / E. 0 5 % River # %! Park # F '$ Place Wes,t 4 +$ ) E Suite 507, 7 $ G # %$< Freo, sn CA (8 93720, -$$ $ ; Atton:enti Comm rcial e Loan - " ' $ Ad strat on minii Service ; s and in $ the ' case of < any $ % other # %' Person , $ to $ the % '' address "" % > 65 ' 4 %5 'G - design deat by $ $ that # %' Persno in a notice $ to &% $ $ Grantor and 4 % Secured # %$< Party. ' < ARTIC LE I 8 = · +4 />>-1/2 4 MISCELLAN OU ES -0:+ >/ I 8.01 Other - $' Acts. &% $ % Grantor ' shall * % cooperat e with 4 % Secured # %$< Party 7 % for $ the * %* ' ' purposes $ of, and * R %" perform all ' acts F +& which " < may 2$ % P % be '' %< necessary % or adv sabl ie to * $ perfect < any > Lien *% 5 providde for in $ ' this % " $ agreem net or $ to %%< carry $ out $ the $ $ intent 7 of thi ' s % " $ agreem ne. t $ % 5 ' 5 $ " % $ Promptly B $ (but + in no event more than $ ten <'Y days) 7$ % after $ Q '$ request < by 4 % Secured # %$< Party, &% $ % Granter will N $ execu, et ! acknowl gde and del ver i any #% "* < 5 % < B % t whi hc 4 " Secured # %$< Party "' deems '' %< necessa ry % or 5 ' advislabe for $ ' these * %* ' ' purposes , and will, on " demand, pay < any expe nses documen " $ N* ' ' * < N $ + %% " $' incurrde by 4 % Secured # < Party " in $ *% * % E the preparation , execunoti and fiR 7 ilng of < any ' such doc ument . s < 8.8 02 / $ % Entire - % " $ Agreement. : The % $ Crtedi - % " $ Agrem nt e, the $ % other > ? " $' Loan Document , s and each $ % other % " $ agreenmt or $ % C4 % " insutm r ent made % or % ente ed r into in $ connenocti with each 7 of $ the 4 % Secured 2 ' Oblig ontias (coll veec lyi, t the "Se cured 2 $ Obligation + '$% " $ $ $ $ B $ 5 % " $ % or 5 inval dat ie any $ act * %7 %" perform de pursunta to < any ' such 7 $ default K or $ G notice; % or 7< nullify $ the 77 $ effect 7 of < any not cei of 7 $ default % or ' sale (unless * %' $ $ 7 < B '' all 4 % Secur de 2 $ ' Obliga onsi t then due 5 have been * paid in full and * %7 %" perforemd and all $ $ other 7 $' defaults % under $ the 4 % Secured 2 Obligation 7 $ % Docu,m nest have been % ; cured); 27 or "* % $ impair the ' < security of $ ' this % " $G agree nt ;em or " W prejudce i Secu edr Party, % or < any % 5 % rece veri appo ntdeí in ? " $' 5 4 % ** $ # %E< % $ accord cena with $ ' this % " $ agreenm, t in the execis r e 7 of < any $ right % or % " < remedy 77 % afforded < any 7 of " " them % under this agreement ; or be + N % ' $ ' % " $G % '$% ' % K construed as an 7 %" affim raotni by 4 % Secure d # %$< Party 7 of < any $ < ' tenancy , lease % or *$ " opt on,i or a ' % $ subo nard tion i of $ the lien of $ ' this $ " $E agrenemt. < 8.04 I 9 F 5 % 7 %' &% $ % Waiver of Mar ling hs.al Grantor 5 ' waives all % right , s legal and Q $ equitabl , e it " < may now % % 7$ % or hereafter 5 have $ to Eac h ' '' 5 successo r and '' assign of / $ % Q % K require " %' " mar gnhsi all of '' ' asse st % or $ to % Q % require * upon % ' % foreclos ur e ' ' sales K of '' $' asse st + in a * % particular % % orde. r $ &% $ 5 Granter , includin g < any % holder 7 of a > Lien ' % $ sub nateord i to $ ' this % " $ agreemne, t by *$ acce ce npta of $' its % ' intees rt or > Lien % ' agrees $ $ that $ it ' shall be 7 % < by $ the 5 above 5 % waiver, ' as 7 if it had 5 given $ the 5 % wa veri itse f. l bound < $' 7 $ I ) 8.05 Joint and 4 5 % Sevaler Oblig tion a s. If &% $ % Grantor ' ' ' 7 con stssi of " % more than one # %' Pesr, on each &% % Grantor B (a) $ 2 $ ' $ $ thi ' ! ' $ ' acknowedges l that s % " $ ager tem ne is $ the * $ indepednen t and ' 5 % several $ 7 obl ga on i it of each &% " % Grantor and " < may be 7 % enfocr ed '$ against each &% % ' * "$ < Grantor separate ,ly $ % whet reh % or $ not 7 % " $ enforc nt m ee of < any $ right % or % " < remedy % % hereun der ' has been ' $ souçth '$ aqainst < any % other &% $ %G Gran ; ert 7 4 % % % and B (b) % ' ager es $ $ that $' $< its liab ityil hereunder and % under < any % other Sec urde 2 $ Obl gaoniti Documen t ' shall be ' E absolute , $ uncondition , al ? " $ F-+ /4 -1A conti ng nu i and %% 5 irrevoc.aebl GRANTO R /L#0/44> EXPRESSLY WAIVES ANY 0/U +0/ /1: REQIRE NT UEM THAT 4/ 0/? SECUR ED #-0:A PARTY /LD- 4: EXHAU ST -1A ANY $ &0-1:20 :D-: :D/ 2:D/0 #2F/0 -1? #02 //? RIGHT, PO WER 0 OR 0/ /?A REME YD AND PROCEE D -&-+14: AGAINS T THE OTHER &0-1:204 GRATORS N UNDER :D+4 TH S I -&0// /1: AGREEMENT , OR -1A ANY 0+&D: 1?/0 20 2:D/0 OTHER 4/ 0/? SECUR DE OB ON LIGATI DOCM UE N, ST OR -&-+14: AGAINST -1A ANY 2:D/0 OTHER #/0421 PERSON UNDER -1A ANY & -0-1:A GUARA TY N OF, 20 OR 2,>+&-:+21 20 ?2 /1:4 1?/0 26 4/ 0+:A SECURITY 620 FOR, -1A ANY 26 OF :D/ THE 4/ 0/? SECUR ED 2,>+&-:+214 OBLI ONS.GAT I 7 8.06 Authority $ to , Bind &% Granter. If &% " 5 Grantor ' is "*% ' comiprsed of " $ " mul ple it Pers,son any # %' Person "*% ' comrpising &% 5 Grant ro ' is I 1 - $ < # %' ' < $ &% $ % "*% ' K hereby $ % authoze rid to bind all * %$ ' pa esrti comprisin g Granto . r F $ $ Without " $ $ lm i onitai t of $ the $ % " forego ng, i Secrued # %$< Party " < may % Q % require < any % < 4 % % % Q '$ $ " reqeu, st aut zation, hi or or $ % other $ action < by % or on 7 beha f l 7 of &% % Grantor be < by one % or " % more 5 ' indiv dua si l design ed at in % $ writing < by $ the + ' $ Tripl e V ? %< Dairy )) $500k 0>2 RLOC 8 2031 Security Agr et nem - " " 4 % $< 7 164 9 I = "* ' # %' C 4 % parties comp ginisr Grantor B (a E? ' $ "Desig ate nd Pe. sr) "on Secured # %$< Party " < ma,y $ at <$ " any time and $ $ without $ notice, 5 < waive any * 5 prior &% $ % " ' # %' % Q % " $ % reqiuremen t that % Q '$' requests, " % ' aut zatio or hi s,n or % other $ ' actions be $ ! taken < only < by ? ' a Desig ated n Person . $ $ ' $ R$ 8.07 Binding Effect; Successors and Assigns . :Th si % " $ agreement ' $ shall % inure $ to the benefit 7 of and ' shall be binng di % '* $ 5 upon $ the * %$ ' parties and $ % their respecti ev ' '' %' successo s r and '' '; ass gns i; provided that $ $ &% % Grantor ' shall $ not '' assign $' ils % $' rights % or $ ' obligatio sn *% 5 * % % hereunde r $ $ without $ the *% % prori % ' $ written consent 7 of 4 % Secured # %$ Gong verni Law. : ' This % " $ agreement ' $K shall be 5 % governed and $ %*% $ interpreted < by ** < $ applying the ' laws 7 of $ the 4$ $ State Z of Cal fornia i (the & 5 % "Go ngverni Law 4$ $ C State") $ $ without % % regard $ to $' its $ conflict of ' laws *% * ' principl es . " > B$ ) -1? &0-1:20 8.12 JU SD O CT RINI AND / / VEN.EU GRANTOR +00/ 2 -,>A IRREVOCABLY -&0//4 AGREES :D-: THAT, -: AT :D/ THE 2#:+21 OPTION 6 OF 0+4?+U:+21 4/ 0/? 20 :D+4 #02 //?+1&4 #-0: 2 : SECRUED PARTY, ->> ALL - :+214 ACT ONS I , PROCEED NGS I OR 2 1:/0 >-+ 4 COUNTERCLAIMS -0+4+1& AR SING I OUT 26 OF 20 OR 0/>-:+1& RELAT NG I TO TH SI :2 AGREEMENT 20 OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUMENT F+>> WILL ,/ BE >+:+&-:/? LITIGATED +1 IN :D/ THE 4 #/0+20 SUPER ORI COURT 26 OF 1 6201 E CALIFORN A, I -&0// /1: 2 0: FRESNO 2 1:A COUNTY , ->+6201+- CALIFORNIA , 20 OR :D/ THE 1+:/? UNITED 4:-:/4 STATES ?+4:0+ : DISTRICT 2 0: COR U T 620 FOR :D/ THE /-4:/01 EASTERN ?+4:0+ : DISTR CTI OF 60/412 26 CALIFORN A. I GRANT OR +00/ 2 -,>A IRREVOCABLY 214/1:4 CONSENTS : TO 4/0 + / SERVICE , JUR CT SD ON I ,I AND /1 / VENEU 26 OF :D24/ THOSE 2 0:4 COURTS ->+6201+- 0+4?+ :+21 -1? &0-1:20 -1? -1A · 620 FOR ->> ALL SUCH ACTIONS ,4 #02 //? 1&4 PROCEED NGS I AND 2 1:/0 >-+ 4 COUNTERCLAIMS -1? AND F-+ /4 WA VES I ANY 2:D/0 OTHER /1 / VENUE :2 TO FD+ D WHICH +: IT 4 D - :+21 +&D: MIGHT ,/ BE /1:+:>/? ENTILTED ,A BY +0: / VIRTUE 26 OF ?2 + +>/ DOMICILE , D-,+: -> HABITUAL 0/4+?/1 / RESIDENCE 20 OR :D/0F94/ OTHERWISE . FINAL ?& /1: JUDGMENT -&-+14: AGAINST 6 1-> &0-1:20 GRANTOR +1 IN -1A ANY 4 D SUCH - : 21 ACTION , 4 +: SU TI 20 OR #02 //?+1& PROCEEDING 4D->> SHALL ,/ BE 21 > 4+ / CONCLUSIVE -1? AND -A MAY ,/ BE /1620 /? ENFORCED +1 IN -1A ANY ,A OTHER 0+4?+ :+21 JUR SDICTION I BY 4 +: SUIT 21 ON :D/ THE ?& /1: JUDGMENT, - A /0:+6+ -:/ CERTIFICATE 20 OR /L/ #>+6+/? EXEMPLIF ED I COPY 26 OF FD+ D WH CH I SHALL ,/ BE 2:D/0 2#A 4D->> 21 > 4+ / CONCLUSIVE / +?/1 / EV DENCE I OF :D/ THE ?& /1: JUDGMENT 20 OR +1 IN -1A ANY 2:D/0 OTHER -11/0 MANNER #02 +?/? PROV DED I BY >-F LAW. &0-1:20 GRANTOR 26 ,A +00/ 2 -,>A :2 +: FD+ D IRREVOCABLY F-+ /4 WA VES I TO :D/ THE 6 >>/4: FULLEST /L:/1: EXTENT #/0 +::/? PERMITTED ,A BY >-F LAW B- (A) -1 ANY 2, / :+21 OBJECT ON I WH CHI IT -A MAY D- / HAVE NOW 20 OR +1 IN :D/ THE 6 : 0/ :2 FUTURE TO :D/ THE /1 / VENUE 26 OF -1A ANY 4 D SUCH - :+21 ACTION , 4 +: SUIT 20 OR #02 //?+1& PROCEEDING +1 IN -1A ANY 2 0: COURT 0/6/00/? REFERRED 12F :2 4 +: THE 6+04: FIRST 4/1:/1 / SENTENCE -,2 /G ABOVE ; B, (B) -1A ANY >-+ CLAIM :D-: THAT -1A ANY 4 D SUCH - :+21 ACT ONI, SUIT 20 OR #02 //?+1& D-4 PROCEED NG I HAS ,//1 BEEN TO +1 IN :D/ 620 G BROUGHT +1 IN -1 AN +1 21 /1+/1: INCON EVNIENT FORUM ; B (C) +:4 ITS 0+&D: RIGHT 26 OF 0/ 2 -> REMOVAL 26 OF -1A ANY -::/0 MATTER 2 /1 /? COMMENCED ,A BY -1A ANY 2:D/0 OTHER ,02 &D: #-0:A -1 2 0: :2 A I TO ANY COURT 26 OF :D/ THE 1+:/? UN TED I STATES 26 OF - /0+ -; AMER CA;I (D) PARTY +1 IN :D/ THE 2 0:4 COURTS 26 OF :D/ THE 4:-:/ STATE 26 OF ->+6201+- CALIFORN 4:-:/4 B -1A ANY + 1+:A IMMUNITY FD+ D WHICH : IT 20 OR +:4 ITS -44/:4 ASSETS -A MAY D- / HAVE +1 IN 0/4#/ : RESPECT 26 OF +:4 ITS 2,>+&-:+214 OBLIGATIONS 1?/0 UNDER :D+4 THIS -&0// /1: AGREEMEN T 20 OR 602 ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DO ENT CUM. FROM -1A ANY 4 +: SUIT, /L/ :+21 EXECUTION , -::- D /1: BFD/:D/0 ATTACHMENT (WHETHER #02 +4E21-> PROVISIONAL 20 OR 6+1-> FINAL, +1 IN -1 20 -+? 26 , ,/620/ BEFORE ?& /1: JUDGMENT 20 OR 2:D/0F+4/ OTHERW SE) I OR 2:D/0 OTHER >/&-> LEGAL #02 /44G PROCESS ; -1? AND B/ (E) -1A ANY 0+&D: RIGHT +: IT -A MAY AID OF /L/ :+21 EXECUTION D- / :2 0/U +0/ HAVE TO REQUIRE :D/ THE 2 +1& MOV NGI PARTY +1 IN -1A ANY 4 +: SUIT. - :+21 ACTION 20 OR #02 //?+1& PROCEED NG I BROUGHT +1 IN -1A ANY 26 OF :D/ THE 2 0:4 COURTS #-0:A ,02 &D: 0/6/00/? REFERRED :2 TO -,2 / ABOVE -0+4+1& AR SING I OUT 26 OF 20 OR ?1 IN 211/ :+21 CONNECT ON I WITH :D+4 THIS -&0// /1: AGREEMENT 20 OR -1A ANY 2:D/0 OTHER >2-1 LOAN F+:D S ?2 /1: ACTION . DOCUMENT :2 TO #24: POST 4/ 0 :A SECURITY 620 FOR :D/ THE 24:4 COSTS 26 OF &0-1:20 GRANTOR 20 OR :2 TO #24: POST - A ,21? BOND 20 OR :2 TO TAKE SIMILAR - :+21 :-./ 4 >-0 I 8 $ %* % : ' 8.13 Counterpart /N $ Execut on. i This % " $ agreement " < may be N $ executed $ in $ %* %$' counterparts , each K of which will be an original and all K of which $ $ % % together are " deemed one and + the ' " same '" " instrument. 8.I 9 14 Necessary - $ Act on.i Sec ured # $$< Party +4 is $ % authorized $ to N $ execu et < any $ % other " $' docume tsn % or $ ! take < any $ % other N ' act onsi 1 '' 4 % transac necessary to 77 $ effectuate $ ' this % " $ agreemen t and $ the " ' "" $ consummation K of the ions t con ated emp t l herei .n % ' $ ' '' %< "* $ % " I ) 8.15 % $ Cred t i 0 Report. 4 % Secured # < Party ' is % authorized $ to % % order a 5 credit 5 * %K report and 5 % 7< ver fyi all $ % other % credit %" $ E information , including * '$ past and *% ' $ ' present loans and '$ % % 7 % ' standard references "" from C" time + to C" time to 5 + evaluate $ the % $ '' creditworthiness 7 of &$ $ %E Grantor . F Without : * Triple V ? %< Dairy [) K $500k 0>2 RLOC KY 2013 Security Ageemen r t - $ " 4 ""< 8 165 ) limitation , a *< copy 7 of $ the ' $ consent 7 % for % ' release 7 of %" $ information , % gener l a $ % $ authori nati oz or ' " % similar " $ document on R fiel with 4 % Secured # %$< Party " $ $ E % % % shall $ % authorize third Persons $ to *% 5 $ provide the %" $ information % Q '$ reqested u from $ " time $ to " time. ' $ % # %' ' 8.16 No '$% $ Construct on i Aga nsti Drafter . / Each # %$< Party ' has * %$ * $ partic pated i in negot ating i and % 7$ drafting $ ' this % " $ agrem ne, t I - '$ ?% 7$ % $ $ 1 ' % 7 $ # $$ ' so $ if an am tyibgui or a Q '$ quesiotn of $ intetn % or $ %*% $ $ % ' ' interpretatio n arise,s $ ' this % " $ agreeme nt ' is $ to be '$% constru de ' as 7 if the Parties had % 7$ draftde it " $< 7 jointly, ' as ** ' oppose d to bengi '$% constru de agai stn a # %$< Party ' because $ it was responsib e l P % for % 7$ drafting one % or " % moer *% 5 ' ' provi onsi s of thi s '$ ' % '* ' $ ' W $ < agrent. em e % " $ 2 /1-1: -1? 8.17 WA VER I OF :0+-> TR AL I ,A BY 0A JURY. :D/ THE #-0:+/4 PARTIES B- (A) COVENANT AND -&0// AGREE 12: NOT :2 TO />/ : ELECT - A :0+-> TRIAL ,A BY I F-+ /0 26 26 JURY +1 IN -1A ANY - :+21 ACT ONI OR #02 //?+1& PROCEED NG I FOR :D/ 0/42> :+21 THE RESOLUT ON I OF -1A ANY 21:02 /04A CONTROVERSY 20 OR >-+ CLA M I :D-: THAT -0+4/4 AR SES I 0A 0 620 OUT 26 OF 20 OR 0/>-:/4 RELATES :2; TO: B+ (I) :D+4 THIS -&0// /1:G AGREEMENT ; 0 OR B (li) -1A ANY >2-1 LOAN ?2 /1: DOCUMENT, WHETHER AR NG SI I IN 21:0- : CONTRACT, 2 : FD/:D/0 -0+4+1& +1 C 21:02 /04A 20 TORT 20 OR ,A BY 4:-: :/ STATUT E B+1?+ +? ->>A (INDUALLY VIDI AND 2>>/ :+ />A COLL CTIVELY, E A "CONTROVERSY OR >-+ C G CLA M );" I AND, BI (B) :2 TO :D/ THE :20: -1? - -1? EXTENT PERMITIED ,A BY -##>+ -,>/ APPL CABL I E LAW, D/0/,A HEREBY +00/ 2 -,>A IRREVOCABLY F-+ / WA VE I ALL 0 &D: RIGHT :2 TO - A :0+-> TR AL I BY JURY IN ANY /L:/1: #/0 +::/? ->> ,A -1A 0A +1 >-F CONTRO ERSY V OR >-+ CLA M I :2 TO :D/ THE /L:/1: EXTENT 4 D SUCH 0+&D: RIGHT /L+4:4 EX STS I NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTURE . :D/ THE #02 +4+214 PROV ONS SI I OF 21:02 /04A 12F 0 26 THIS 4/ :+21 SECTION -0/ ARE SEPARATELY GIVEN ,A BY /- D EACH #-0:A PARTY .12F+1&>A KNOW NGLY I AND 2> 1:-0+>AG VOLUNTARILY ; -1? AND -0/ ARE - A -:/0+-> MATER AL I :D+4 4/#-0-:/>A &+ /1 -1? INDUCEMENT 620 FOR :D/ THE 4/ 0/? SECURED #-0:A PARTY /1:/0+1& ENTER NG I INTO :D/ THE 0/?+: CREDIT -&0// /1: AGREEMENT -1? AND 2:D/0 OTHER >2-1 LOAN +1? / /1: +1:2 DOCUMENTS . ?2 /1:4 Granter ' is ' sign ngi this % " $ agree nemt effecti ev ' as K of $ the < day and < % year R%'$ % $$ first written 5 above. &% % $ ' 77 $ 5 &0-1:20 GRANTOR :0+#>/ TR PLE I V ?-+0A DA RY, I a 7 % Cafornia li gene alr * %' * partn pi hsre % - % '' 7 % Add ess r for $ '; notices: 18183 I ? 5 Drive I I8 + Tulare, - CA (8 9 93274 : $ E ,<; By~~ Attention : ? 5 David Va adao l - R ; - /?F-0?E ->-?-2 EDWARD DAÔ & % Geen ral # % Partner 7 % Alternate $ '' addsers for $ notice < by 4 U.S. ; Mai : l - $ % $ (8 17293 ( 9 @ 1/2 -5 Avenue Hanford, - CA (8 8 93230 D 7 % Atten ion t: Dav d i Va ada l o -$$ $ ; ? 5 ,-?-2 # %$ % & % Geaenlr Partner + Trip el 5 V ? %< Da ryi [) ! $500k 0>2 RLOC 8 2013 Sec urity - 5 " Agreeme t n 4 $< 9 ( 166 <"r:·J "'-' . =tr- .By- \ \lJ ('. ~~Q~tr._f: ~ <;:::::, . TERRA VAA L DAO :/00- ->-?-2 # %$ % & % General Partn re ,-?-2 DIMAS ?+ -4 VALADAO # % & % General Partn er Cle& dv~) Q " P@ J By: MARY -0A ~~V - ->-?-2 # % & % =~n M r e Triple V Da ryi [) ! $500k 0>2 RLOC 2013 8 : * ? %< Sec ity ru Agrem enet - % " 4 % $< IO 167 EXHIBIT 168 Edwrda Valada ,o Jr. -= 0>2 E' RLOC's - 2013 / % % 8 = 89I (= Lone 4$ % Star ? %<; Dairy: 34872 9-01 > Term : 89I (= 9 3487204-9 : %" ; X CREDIT AGREEMENT /?+: -&0// /1: This % " $ agrem e ent ' is $ dated ' as 7 of < May 16 , 8 2013. 1 lt +4 is $ between /?F-0? EDWARD ->-?-2 VALADAO , 0 JR BC/ % ("Edward Va ladao, % Jr.)" and : ' A ' % APRIL ->-?-2 VALADAO BC- % ("Apr l i Va adao l ,' ) husband and 7 wife, doing ' '' busi ess n as > Lone 4$ % Star ? %< Dairy B/ % {Edward Va ad lo,a Jr. and -*% April ' -#0+> BC> %^ Va adao l are i 5 < ndividua y ll and $ 5 < collective y, l "Borrow r")e and RABOBANK , 1 - N.A., a $ national ! banking '' $ association ("Lender") . 0-,2,-1. % E, %% % Borrower % Q '$' requests that Lender " ! make $ %" a term loan and *% 5 provide a line 7 of % $ credit $ to , %% % Borrow r. e > % Lender will " ! make $ %" a term loan , %% % $ $ > % and *% 5 prov de i a line 7 of % $ credit, ' W $ subject to the terms of $ ' this % " $ agrem e ent. %"' 7 $ $ ARTICL E 1- :D/ THE >21/ LONE 4:-0 STAR ?-+0A DAIRY -0:+ >/ X 1.01 K The > Line 7 of % Credit. > % Lender ' shall N$ extend $ credit B$ {the ]> "Line K % C of Credit ) " B$ " from $ " time to time % during $ the * period fro m : $ " P$ " >/X the ' Closing ? $ Date to Line 7 of % $ $ % $< Credit Matur ty i ? $ Date B' (such * % period, $ including N$ ' ' extens ons,i if "Line 7 of % $ Cred t i -5 $N Ava tyabil il i K $ $ > $ the ' ' $ % $ # % Perio"d) < by " ! making ' loans $ to , %% $ Borrower B (each ' such loan a E> "Line of Cred t i > C Loan ) " on a % 5 5Z revo ving l bas.is Maximum -" $ Amount. Th e % $ * aggreg e t a unpaid *% * principal balcane of $ the > Line 7 of % $ Credit > ' " '$ Loasn must K not N exceed N " " 7 : , ' (i) )8) ( $3, 00 500 000, . or B (ii) )\ 75% 7 of $ the > Line 7 of % Credit , %% Borrowing Base . % 1.02 $ the '' % lesser 7; of: B 1.03 8 (a) B Line of Credit Borrowing Base. ]> "Line 7 of % $ Credit , %% Borrowing , ' C Base" me ans the sum 7; of: " ' + ' " B (i) 100% K of $ the Value 7 of / Elgi ible ? %< Dairy $$ ; Catt e; l * ' plus \ (i)i 100% K of $ the / Z $ Eligible ? 7 %% Deferred ! Milk - $' Accounts 0 5 G Rece vabl i e; plus \ * ' B (ii)i 100% K $ of the Value 7 of / Eligible 6 Feed + 5 $ %<; Inventory ; * ' plus \ B+5 (iv) 100% 7 of / Eligible #% * Prepaid 6 Feed /N* ' 'G Expenses ; * ' plus \ B5 (v) 100% K of / Eligible + 5 '$" $ Inves nt met in &% Growing % *'; Crops; " ' minus \ B5 (vi) Re atel d Payables ; minus. " ' 0 $ # < ' (vi) i the " $ amount 7 of < any 5 % % ' overdraft s on < any $ account 7 of , %" % E Borrower with > % Lender. $ B5 (b) B For * %* ' ' purposes 7 of $ calation cul of the Line K of % $ Credit , %% Borrng owi Base: 7 , ' ; $ > 6 % ]- $' (i) "Accounts 0 5 ] Receivab e" l means $' accounts G wh chi: (A) % ' arise 7% " from $ the *% 5 prov ding i of ' %5 ' services % or $ the ' sale 7 " ' B- B $ % ' K $ of ' goosd < by $ the % owner K of $ $ the account, which "* < comply wi th $ account de btor's '* R $ ' spec fica sinoti (if < any) and 5 have been B)K provid de % or 5 % delivered $ to, and 5 have been *$ accepted < by, $ account $ % debtor, B, (B) % ' arise in $ the % %< ord nary i course 7 of ' '' business, (C) *% 5 %' B have * <" $ paym nte $ %"' terms *$ acceptable $ to > % Ledn er, B? (D) % are $ not 5 evidne ced < by a $ note, $$ chattel * * % paper % or $ % othre '$% " $ instrument, B/ (E) % are 5 payable on an '$ " $ installm nt e basi,s B6 (F) % are 5 valid, < legayll % enforcaelbe and unco tilaonnd i obl ga i ostin of $ accoutn $ % debtor, not * < $ $ ' 7 ' ' % and $ not ' W $ subject $ to < any ' $ $ % " setoff, count lcaim re, or % $ credit, allownc ae or ' " $ adjustment by account % debto , r % or $ to < any " claim < by % < $ account $ % debtor < denying $< lai tybili ther eund re in who e l % or in * part and B& (G) do K not % ' arsei $ out 7 of a "" K contra t c F$ whic , h < by $' its $ %"' terms, $ % % $ forbids, restrsitc % or " ! ' makes 5 void % or 7 % unenfor e ce ab l the '' " $ assignm t ne by , %% % Borrower Z to > % Ledn er 7 of "; the $; account ; % '$% $' 7 % ' $ < (ii) B $$ C C/ ? "Egliible Da ryi Cattle" " ' measn " ! milk ' cows, %< dry ' cow, s % breedin g ' bulls, 7 %' heifers, calves and $ % other %< dairy 5 ' catt e l B- (A) owned < by , %% % Borrow r e B $ (not including , %% % ' Borrower's $ % '$ inteest r in < any %< dairy $$ cattle, K if < any, which 5 are " co-own ed with $$ , %% 5M' Borsow ' re customer s or $ % # %' ' other Persons) , BI (8) located at a %< dairy ownde % or ' leased < by , %% %E Borrow , r e + includin g % * " $ rep ace l tm ne % '$ " %' $ % heifers $ located at thir d * %$< party $ ' locations with *$ acceptab e l signed 5 landlord 5 %' wa ver is in * G place; B (C) ' subject B to a '$ first *% % $< priority '$ 7 %' $ ' W $ 7 5 % perfec edt security $ % '$ intees r t in 7 5 % favor 7 of > % Lende ; r B (D) not subject $ to < any > Lien in fav or 7 of a # %' Pesr on $ % other $ than > % Lende ; r and * %7 $ ' :< (E) $ % ' otherwise *$ acceptab l to > % Ledn ;er $ B/ / " Edward Vaada l o, Jr.· 0>2 RLOC s ' ` - 8 2013 Credit - 5 " Agereme tn < K /LD+,+A EXHIBIT 1 N 169 ( / 5 ] / ? 7 %% - $' Receivab " ' Accounts - $' ! 0 5 (iii) 'Eligible Defe red r Mi kl Accou tsn Receivab e" l means e l resu ting l from sale of B"" the % ' $ $ ' B 7% " a creamery % milk " ! % <' '$ 120 *$ $ last % " %< acceptab $ Lender + ' W $ fluid during the days K $ of the %% K curre t n cale dar n year e l to , (B) ect j to < % (A) > % B- from BI sub > 7 5 % of % not ' W $ to $ any favo $ a Person $ % '$ * %7 sec > % a first prior ty i perfected tyi ru interest i n favor , (C) n in r of $ subject 7 5 % Lender R%'$ *% % $< # %' other ' % $< $ % < Lie B are *$ to $ % ' $ > % than Lender and (D) herwise acceptable ; > %G $ Lender B? ot C * other % feed Feed 6 + "" " ' grain $ % roughage % 7 (iv) 'Eligible Inventory" means , ' siage l and , feed , and $ ingredients % $' the 7 % feeding by $ possess 7 5 '$ ! * '' '' ' for R ' feed %" < finished norma y ll used livestock which is+4 (A) d in on i of , (B) ect j + K Borrower , %% % ' " K < an B- owned B, sub 7 5 % of favor $ subject $ * security favor K Lender ' W " to $ any > in 7 a Person > %; to a 7 %'$ first *%R < priority perfected interest in ; (C) # %' other 7 5 % of ' % $< $ % '$ " $ % than < Lien B not 7 % feed % a condition $ unsuitable ' $ for 7 > %G $ % acceptab $ *$ + Lender ; B? (D) $ not '* spoi edl or $ % ' otherwise in ngi l 5 '$ !; vi estock ; and (E) e l to B/ otherwise B 5 Lender ; > %G W Z % '^ $ N* ' ' i "% ' expenses " ' actua 'El gib ei l I 5 '$" G nvestment in Growing Crops " means l cash ncurred in connect on i wi th F $ &% (v) B5 =$ " **% 5 by on depreciation the *% $ production of crops as approved , not including e-time development *% $ and > % $ $ % *', ' 5 *" $ costs '$' and < Lender expenses %% incurred in connection $ with $ *% $ the production Z of crops harvested ; i 5 ' " nvestment to$ be % *' %5 '$ G % 5 as relieved % N* ' ' ' crops % *' are %5 '$ ; harvested; ^/ $ amounts " ' the " $' prepaid *% * to 5 %' #% Feed 6 /" ' '] vendo *$ to $ Lender > % for 7 % 'E igble li Prepaid Expenses" means sr acceptable (vi) B + $ Lender > %G *$ to the * % ' purchase 7 of feed ; "" $ ' acceptable $ 7 commodities C, $ $ # < ' $% " ' " other ; unpaid acqui * cos '$' "Re ated l Payables" means all trad e acc ount payab es l and/or ts of ing r the * < ' Q % $ K all $ amount Liens the " " of > ' on and ; and that $ $ Collateral $ ; (vii) B "^ , %% , ' > $ $ % Collateral included + in $ the Line of Cred t i Borrowing Base, % $ (viii) B5 ' 'Value" "means > %E' schedule $ % '* $ $ value 5 % $ Lender's with respect $ to Elig blei Dairy according to / ' of the values % if 7 not $ 5 ', or ? %< Cattle, (A) B- > % and such sched e, ul then as determined < by Lender incldued on ' $ $ ' $ any < ' $ / $ 6 I+ 5 $ %< K market " %!'K val ' determ 5 (B) wit h % '* $ respect to Eligib el Feed nven ory t, the lesser of ue as nedi by $ %" $ '' % % $ > % or < Lender, B, , % %E' > %E Borrowe s r' cost ner *$ acceptab e l to . " % '$ determined $ %" in a ma $ Lender the $ i $ > of (c) Th e > Line of Credit , %% Borrowgni Base nitial Line n wi ll be determined , ' for * %* ' ' of 7 Credit : % purposes % $ Loa > % $ %" by $ E < the B > % % with $ Section 4 $ 5.) : Line $ Cred > of der in accordance 02. The t i Borrow ng i Base Borrowing Base %$ R $ Certificate received by Len % $ 7 % purposes , , ' , " % 5 < , ' for * %* ' ' ' W $ 5 % 7 ' ' Q $ % $ $ adj W '$" $' of subsequent > Line of Cred t i > ' Loans will be $ %" determ nedi by Borrower , subject however , to ustments by dn er cons stent i with > % ' ' K < , %% $ < Le deemed be " a represen 7 % % $ Loan > will % *% ' $ $ this agreement. / Each > 0 Q '$ Loan Request for a > Line of iont a t by 7 Credit , %% % to > % that $ ' % " $ $ Lender $ $ $ the < Borrower % $ > of 7 Cred * > will unpaid *$ * principa l balance Line 7 of Credit t i Loan % Q '$ Line of K the $ > not $ maximum % $ after N the 7 the 7$ % the $ requested $ exceed " N " " amount " of $ K this C ) sect $ contrary, Line 7 of % $ Credit % under 4 $ Section 1. 02. 1 $ $ '$ $ Notwithstanding the *% 5 ' ' provision s of oni to > the ' > % may ' a precondition *% $ to $ $% %< Lender " < as , %% " , ' $% " Borrowing $ del 5 % any Line 7 of % $ Credit > Loan % Q % require , %% % Borrower to iver to Lender a current Base Certific te .a $ > % E < > 9 1.04 % 7 Cred % $ $ > > ' % > ' % C $ Line > of 7 Cred % sub ' W $ $ Artic Loans under the t. i Loan s und er the Line of t i are ect j to e l 5.) -%$ of 0 5 5 ' a K credit 1. 05 Revo ving l Nature . : The > Line of revo ng vi l line ; and ring the Li ne of lab ity i il 1 $ % % $ is ) % $ $ Credit % % $ Ava % 5 5 du > K Credit -5 $< 7 $ ' *% * % " $ $ %"' $ terms Pe irod, ' W $ subect j to and cond tiosni of thi s agr eement, , %% % Borrower may ncipal amou nst an d reborrow m. $ ' # % " $' $ the $ " % the % * < pri " < repay % the *% * of 7 Loans > ' under $ Li> 7 % $ 1.0 6 Interest. : The * unpaid pri nc pai l balance ne of Credit wi ll bear at a rate % $ % interest $ % '$ $ Q to % $ equal R%'$ $ one " $ the 7 eac > " firs Cred % $ *+ ' 2. ) \ the month >+,20 LIBOR plus 500% * per annum t day h Lin e of t i Month , wi th LIBOR - ' on ", Adjusted >+,20 determined < of ' $ %"" as $ 7 , or date of respe vei tc Adjustment of $ the date K of the respective - W '$" $ Adjustment $ % '* $ 5 % if the the $ * 5 ' not $ a Business , ' '' Day, $ $ - R ' " $ is $ on the $ Business , ' '' ? < then C>" 7 C> of 0 $ ] % '* $ 5 Adjustment $ respective $ $ LI - W '$" $ (th >+,20 *% Day immed atelyi preceding $ the ] $ date 7 of the e "Line of Credit BOR In+ N dexed Rate . ) " The : term +"" < K BC ( $ %" "Line ? < K the % month " $ immediately Credit Month' " ' means the one " " month * % period beg nning i on ngi F fifth "" day C ' % the $ calendar "" $ < following 7 the ' < of $ Clos Date, and each ' '' 5 success ve i one month per od i. " * % ? $ +7 1. 9 07 Requ redi Payments: Maturity ? $ Date. 0 " # <" $'G "" B $ "K , %% % > 8 and ' " $ % '$ the $ Lin June 5,) 2013 (a) Borrower ' shall pay interest on e of Cr tedi on on the $ 5th 7 day month 7 each " $ * < accrued < of B % $ the $ Line > 7 ? $ $ ' after the Closing ? $ Date to of % $ Cred t i $ % $< Maturity Date . {b) B 7 $21 " $ of , %% % *% * % $ $ amount ) Borrowe r ' shall * < pay > Line of $ Cred t i pri pal nci in the 000 00 , , . on June 5,)E 2013, on the 8 and $ fifth F day < of " $ each month P % 7$ % thereafter $ to the Line of Credit Matur ty i Date . i)n K 7 % $ $ % $< $ > ? $ (defined B R here % *5 * unpa other (c) The * unpaid principal balance of , all d i accrued nterest on , and se under s agreement : all * " i+ $ % '$ $ $ % charg % ' % thi $ ' % " $ B >" of ? ] ' be with respect to Line $ of Credit, on May , 2014 t i Matur ty i Date .)" $ the paid 9 (the K Cred % $ shall % $ > * $ % '* $ 8 $ $< B$ 'Line < 30 4 $ 3. K the 7 Credit 1.08 Prepayments . Subject 09, #% * <" $; Prepaym snte of e of I > 4 W $ to $ Section $ Lin % $ may made #% N" $' 8 ( " at $ any " without " < be $ < time " * $< pre payment 7 fee or penalty. *% * <" $ " 0>2 ; Edward Val aao d, Jr %E ..- RL O.sC' 2013 KK E c Credit -" " Ager em nte " 2 170 -• ··-··--··----·---------··· 1.09 Amendment and 0 " ! " " Restatement 7 of / ' Exing sti Loan % or % $ Cred t i 6 W" Facil ty. i The > Line of % $ Cred t i i+4 s an " " $ amendm t ne > ( : -" " $ % 7 and % '$ $ " restateme t n of $ the $ %"' terms and $ ' condition s 7 of > %E' Lender's loan or $ $ cred t i faci ityl E no. 89I (= 348279 01in $ the % original *% * principal " amou t n K of 7 % $3 000 000 ,00 ,. % under E the % $ credit % " $ agrement betwee n / % Edwrad Valadao , Jr. doing ' '' business ' as > Lone 4$ % Star ? %< Dairy = & 7 " Cow afom li i Da ryi $ [8 ? 5< and -*% Apr l i Valadao , doing ' '' bu ness si as > Lone 4 Star Dairy & " Cowlorn ifia Da ry,i ' husband and wife > % and Lender dated % March 8 23, 201,2 ' ? %< I % evi deced n by $ the *% " '' %< prom ssory i note from Edward Va adao l , Jr. dong i ' '' ' bus ness i as > Lone 4$ % Star ? %< Da ryi 3 & 7 " Cowlifornia ? %< Da ryi and -*% April 5 $ % " / % < Valadao , doing business ' as > Lone 4$ % ? %< Star Dairy & 7 % + Cowl forn a ii Dairy, ' husband and 7 wife $ dated % March 8 23, 2012 B$ {the C/N '$ "Exist ng i Line 7 of > ' '' ? %< K ] Cred .)"t i 1.10 The Line 7 of % $ Credit 1 $ Note. > ' Loasn % under $ the > Line 7 of $ $ Credit will be 5 evidece nd by $ ' this % " $ ager ement and a : > < promisso ry $ note in a 7 %" form *% 5 provided < by > % Lender B (the C> 'Line of Cred t i 1 Note .' ) 7 % $ *% " '' %< ARTICLE 2· :D/ THE :/0 TERM -0:+ >/ = 2.01 ' " Loan -" $ Amount. > % Lender ' shall $ lend , %% % Borrower B the * * principal sum K of )9 $4200 2,000 . B$ (the "Term Loan"). > %" > ] 2.02 % @7 Purpose. : The : %" Term > Loan " '$ must ' be used < only 7 % for N '$ exis ng it herd/feed $ debt $ to / % Edward M' Va adao's l dairy # % ' %< opera ion . ts * % $ ' 7 $ : %" 2.03 Interest. : The * unpaid * * principal ba ancl e of the Term > Loan will % bear 1 'K interest K at a 5 rate Q equal $ to $ the one " $ month + $ % '$ 8 - W '$ 2.500% * % per "E annum, Adj suted on $ the R$'K first < day $ of each : %" Term > Loan $ Mont , h wi ht >+,20 LIBOR $ %" determined ' as $ of $ the $ date 7 of $ the LIBOR * ' plus ) \ >+,20 $ ' % respecti ev Adju tment s , or 7 if $ the date K of the % '* $ 5 respective - W '$" $ Adtsujme tn is K not a , ' '' Business ? < Day, $ then on $ the , ' '' Business ? < Day "" $ < immed yateli - W '$" E % '* $ 5 prec ginde the date of $ the % '* 5 respective - W '$" $ Adjustm nte (the C 'Term > Loan >+,20 LIBOR + N Indexed 0 $ C Rate . ) " : The $ %" term ]: " 'Term > Loan Mont " h C " ' mea sn *% $ " B$ P the %" one " $ month * period beginning on $ the R " fifth < day 7 of the calendar " $ month "" $ < imm yate ed li following $ the ' Closing ? $ Date, and each $ % successi ev one " $ month * period. ' '' 5 " 9 2.04 Required # <" $'G "% < Payments: Matur ty i ? $ Date. , (a) Borrow re ' shall * < pay % acceudr interest on $ the : Term > Loan on June )5, 8 2013 and on $ the R%'$ first < day $ of each " $ month $ % '$ , %% % B Daet. ""< ? $ after $ the ' Clo ng si Date $ to $ the : %" Term > Loan Matur ty i 7$ % 8;8 $ " $ (b) Borrower ' shall * < pay Te rm > Loan *$ * K principal " in the amount $ of [ $6000 00 , , . on June )5, 8 2013, and on $ the R%'$ first < day of , %% % : $" B each " $ % month thereaftre to $ the : %" Term > Loan $ % $< Matur ty i ? B R Date {defined % herein). $ B % The * unpaid *% * princ pal i balance of, all * unpa di accrued + $ % '$ interest on, and all other % ' charges % under $ ' this % " ager eme tn $ % : Z 2.05 ) Prepayments. 4 W $ Subject t+ o 4 $ Secnoti 3.09, #% * <" Prepayments 7 $ of the : %" Term > Loan " < may be " made $ at < any $ " time $ without 8 ( /% <" $' (c) Date .)" " ? $ ^ %" > with % '* $ respect $ to the Term > E Loan, ' shall be * paid on < May 8 30, 9 2014 B+ (the "Term Loan Matrity u $ $ : %" prepayment 7 fee % or * $< penalty. * * <% $ 2.06 Amendment and 0 '$ $ " $ Restatement 7 of /N '$ Existing > Loan % or % $ Credit Faci ty li. The Term > Loan +' is an " " $ amendmen t and 6 : : %" -" " $ restatement of $ the $ %"' terms and $ ' condi ions t of > %E' Lender's % loan or % $ credit facil ity no. 89I (= 9 348279 04in $ the % *% * original princ pali amount 7 of 7 7 $< $ '$ $ " " " K ' % 00 00.0, % under $ the % $ cred t i % " $ $ agreem ent between Edw rda Va adl oa, Jr. doing ' '' business as > Loen 4$ % ? %< Star Da ryi 3 & + $ % ? $< Cowli omia f Da ryi $500 / % [) and -*% Apr l i Va ada l o, doing ' '' busines as > Lone 4$ % Star ? %< Dairy I & % Cowl forn a ii Da ryi, ' husband and wife and > % Lender $ dated % March 23 2012, " ' ? %< 8, evidenced < by $ the *% " '' %< promi sory s note 7% " from / % Edward Valadao , Jr. doing ' '' ' bus neiss as > Lone 4 % Star ? %< Dairy 3 & " Cowlifornia ? %< Dairy and -*% April 5 $ 4$ % adao l , doing ' '' ' bus ness i as > Lone St ar ? %< Dairy 3 & % Cowl aforni Dairy, ' husband and wife $ datde % Mach r 8 23, 2012 B$ (the C/N '$ "Ex stiing Term Va : %" ? %< Loan .)" >/F : The : Term > Loan 1 $ Note. : The : %" Term > Loan will be 5 evidenced < by $ ' this $ " agreement and a *% " '' %< promissory note in a form 7 %" 2.07 ^: %" ded vi by Lendre B$ (the "Ter m > Loan 1 $ C Note" . ) pro *% 5 < > % ART CLE I 3 = · 2 /1-1:4 COVENANTS 0/&-0?+1& REGARDING :D/ THE >2-14 LOANS -0:+ >/ 8 / 3.01 Loan Requetss. Each > Line 7 of % $ Credit > Loan will be " made * upon $ the % Q '$ request 7 of , %% % Borrowe r B8 (a C> "Loan 0 ' Requ . ) e"st 8 > 0 ' ' / Each > Loan 0 Q '$ Requets B (a) " '$ must "* < comply $ with $ the % Q " $' requts ire nm e of Artic e l G 10; B (b) $ at > % ' Lender's * option, " '$ must be % 5 received < by > % Lender 7 -% before E 1 :00 *" pm B 7 % (Cal fornia i tm i e) on a , ' '' Business Day which is $ not '' less $ than one , ' '' Busin ss e Day * M % prior $ to $ the $ date K of $ the > G Loan; and B (c) +' $ " 7 % ? < ? < must '* 7< specify $ the " $ amount K of the Line K of B Cred t i > Loa. n 1 No > Line 7 of % $ Credit > Loan will be " made +K if $ the $ % '$ intertes rate B % for " $ that > Loan would " '$ 5 $ > > % exceed $ the N " " Maximum 0 E Raet. Each > 0 Q '$ Loan Request will be C% 5 irrevoca.ebl Lender " < may * '$* postpone " ! making < any > Line $ of % $ Credit > Loan to / N + the N$ $ extent > % Lende r ' is < deayled by R% fire, Q ! earthqu ake % $ 5 or anothre % "' circum tan sce outisde > % ' Lender s ' reasonab e l $% control. $' % ' $ < Edward Va adao. l Jr. - 0> ) 8 RLOC s' - 2031 / % % Cred t i F % %] Ager eme tn ] 3 171 1+ > $ + Loa % 7 $ % Computation Intere t.s Al l comp iontut sa of % accrued $ % '$ intees rt under the n ? " $' Docme u nst oth er than "* $ $ ' "* $ $ of K + $ % '$ " will be made on the iss of a year K ' ' $ ba < % of '$ day) 7 "* ' $ last all comput 360 days $ for the $ actual num ber K of <' days {in cluding the first da y $ but N excluding the elapsed ; and tions a of $ R%'$ " % B 8 <' < < *' G <' % '* $ 5 i $ $ ' ntertse accr ed u at the Max mm ui Rate will be ' * based upon < % a year 7 of the actual " % numb re of days in $ the resp ective year. ect to 4 W $ $ $ N " " 0 $ < % Subj $ % $ Adju - W ' " " > % ' W $ Sect oni 3.05, theer +' is no " $ limit on the amontu $ K that a % $ rate 7 of + $ % '$ inteer st subj ect to tment s by Lend er " < may % ' increase $ at any one 4 $ " " 8 ) " % < < > %M' ' $ %"%E ' 5 time, % or in the agger ega .t er's $ %" $ dete mi aton irn of a8 % $ rate 7 of $ % '$ inteer st will be conclu ,ives absent " 7 '$ man fest i error . Lend " E " % $ 3.02 8 interest at $ the N " " Maximu m Rat e, and all "* $ ' computat ons i of 7 ' fees under Loan Doc um nt , es K % the ? " $' + $ % '$ $ $ > 0 $ ' * < Late Fee. : To $ the N $ extent * %" perm tted i by Applicab e l > Law, , %% % Borow re shall pay a l ate $ fee in the amount 7 of \ 6.000% -** $ " $ > $ 6 < 3.03 8 8 7 wh " $ 5 % $ $ of $ the amount of < any ' schedu ed l payment due *% % prior $ to $ the $ % $< Matur ty i ? $ Date $ $ that ' is $ not * paid in full en G due; prov de,di , that *% 5 however $ * <" $ any * <" $ paymnet for the full " $ amount $ then due $ $ that ' is ma de $ with ni 10 days of its due date shall not be ' W $ subjetc to a $ 7 late fee. Th e <' 7 % $ " 7 $' ' C $ : < % ' $ % '* ? 7 $ 5 5 $ /5 $ impoion sit and * <" $ payment K of a $ late fee will $ not constitute wairev of > %E' Lesnde 'r rig hts with respect to an Event 7 of Defa ul t ' as a % ' $ result ' $ a "* ' R of $ $ that late paymne. t K $ * <" $ 7 $ K ? 7 $ $ Default Rate. Upon $ the %% occurren ec K of an /5 $ Event of Default, the *% * principal bal ance of the > ' Loasn and , to ? 7 $ 0 $ * $ the 3.04 8 9 7 De 7 an ' +$ " the ? 7 $ $ % $ date /5 $ Eve > % notifi 2 ' shall extent * %" $$ permitt de by -** Appli e cab l Law, all other Obligations , from date of nt of fault $ until the es ' $ $ $ Lender N K > < Borrowe r that such Event 7 of ? 7 $ Default i ( s wa ived % or cu red % or all Ob gatio li ns are * paid i n ful ,l % bear $ % '$ interest at Default 0 $ Rate. ? 7 $ 5 % 2 $ ' % K the $ , %% % $ $ ' /5 $ 0 M $ * $ % '* $ K Subject $ to $ the *"5 ' ' provisio s n 7 of 4 E Sectino 8 ) 3.05, the "Default Rae"t " ' measn B {a) with respect to unpaid *% * princpal i baancl e of an y $ C? 7 $ $ the " 4 Q + < Loan, $ the rate per " annum wh ich ' is Q equal $ to the otherwise ** apcabpliel rate, * ' plus ) \ 5.000% * % per annum ; and (b) th res pect to $ $ % ' $ all $ "; % $ % '* $ % $ * % > B wi paid 7% " ti " $ " other 2 $ ' Obl gations i , 10 000% . per " annum . Interets * < payable $ at the Default 0 $ Rate ' shall be me to time on dema nd , or f not * $ % i 7 $ " + $ % '$ % \ " ? 7 * from sooren " demanded , on $ the R%'$ first day month. The prov sions i of this tion " < may res ult i n the unding of intere. st The $ ' sec ' $ K % ' $ $ compo " $ ' % 7 each : *% 5 ' ' "* R K $ % '$ : < of ? pro onsisvi of $ ' this ' $ sec oni t will $ not '$ $ $ con tut tsi e a 5 % wa veri of < any /5 $ Event of De.tfaul 7 *% 5 ' ' 7 thi $ ' $ con 3.05 Maximum 0 $' Rate. Notw ht standing i any *% 5 ' provion si of s % " $ agrent em to trar,y (a) no $ % ' interest will be du e $ the 1 $ $ '$ 8 ) N " " $% %< < B on < any " amou t n due und er this % " $ agreemen t if, % under -** Applicab le > > % Law, Lender ' is not permtted i to % charge $ % '$ intesret on amount, $ $ $ " $ % " ' $ * %" that 0 $ and B (b) in all $ % other ' ' cases $ % '$ interets due % under thi s % " $ agreem nt e will be $ $ calcul ted a at $ a rate d $ the Max mum i Rate. If+7 N " " N $ ' + not K to $ excee Borrowe r ' is % Q '$ reqeste u d by > % Lender $ to * < pay interest on < any " $ amount due % under $ ' this % " $ agreeme nt at a % E rate gr eater than the Max imum $ $ % '$ $ $ % $ % N " " , %% % < 0 $ N '' the $ Ma Raet. the amount of $ % '$ inteer st due on that " amount will be " deemed the ximum Rat e and all * <" $' payments in excess of ixmum N " " N " " B K + " $ $ Ma 0 $ - amount $ Raet will be " deemed to have been #% * <" ' Prepaym nts e without fee % or * $< penalty, and not + $ % '$ interes. t All s oth er $ than " $' $ % *% * <" $ 7 $ $ prepayment 0 $ $ 5 , %% %E' interest which % are * paid % or % agreed $ to be * paid $ to Lender for the ' use, forbe nc ar ,ae or $ detention of sr'e in $ '' debtedn ess to 7 Borrow 7 % % % $ > % 7 %" " $ ' 7 Lender % under thi s ag er ement sh a,ll $ to the extent permitted by Applica ble > Law, be amo zedrti over ll stat ed $ %" term of 7 the $ fu ' $ 5 % the " %$ % " $ $ N$ $ * %" $$ $ ' > % ' < -** 7 % ' indeb edtenss, so t the rate K of $ % '$ interest on $ account 7 of $ $ that i $ '' ndebted esn does $ not N exceed the mm uix Rate for so long 0 $ $ % $ ' $ Ma N " " as ' the + $ '' $ K $ ' tha 7 indeb edn t es s is $'$ outsta ngn. id ' $ '' 3.06 Method and App clai tion of Payme.nst All * <" $' paym tsne of *% * principal , i"$ % ' ntere , t s and other amoun ts to made - 7 $ % " " $' 7 # <" ' $ be - $ 8 under $ the > Loan ? " $' Documen st shall be " made $ to > % Lender + in U. 4 S. %' dollars and in "" + < immediately avai label fund , s wi thout ' $= 7$ set-of,f 5 ' ' % " ded onct ,ui count cla reim , not +' ; later tha n ; 2:00 pm (Ca ifol rnia tim e) on the daet s on which $ ' those * <" $' paymen st will becom e due (any % $ % " $ *" B 7 % $ $ ' $ or $ $ " B < of thos e * <" $' payments " made $$ % after $ the $ " time on " the due $ date will be de emed to been " made on the next succeed ng i Business 5 $ N$ " $ have ' , ' '' ' Day.) All paymen s t % 5 rece vedi by > %B Lender (including , to $ the N$ $ extent permitt de by plicable Law proceeds % 5 rece ved i from the sale 7% " -** *% ' * %" $$ - * <" $' $ $ ' > , all ? < < Ap < or $ % other Q $ liquida on ti of the Collatera l) will be ** applied to the Obliga tions in < any orde r de term ed in by Le nd.er Th e earl y % or l $ ate dat e % 5 : > % 2 ' $ %" $ % $ $ % 7 $ $ < < of " ! makign a % % < reg arly lu schedul ed * <" $ payment will be '5 % disreded gra for purposes 7 $ of allocating the payment be tween pri pal nci and $ * <" $ *% * $ * %* ' ' $ ' interest. 6 % For B ' this * %* ' purpose , the payment will be treated ugh " made on the date E due. + ln < any legal action % or pr oceeding , the $ $ $ *% $% $ as $ * <" " ' tho + $ % '$ ent es ir made < by Le dn er in an $ account % or $' accounst " " maninta edi by Lender or k Int ernatio la n or < any 7 of the r i Aff atieils in - $ ' $ % +" " $ % Raboban 0 ! % + > % $% ' " < > % accorda cen wi ht $' its ' usual *% $ praice ct and evid ngceni the Oblig ,tio san wi ll be prima e 5 evidence K of $ the N ' existence an d am ounts of *% " faci " $' $ $ 2 R ' 5R " 5 F $ Ob iga .sl onti those 2 ' $ ' 3.07 Designated - $ Account. So long ' as > % Lende r ' has any onai t to ma ek Loa ns or any Obl gat i ions und er $ the % < $ " ! > ' % 2 $ ' I $ ? ' $ 8 < oblig Line of % K Credit % $ or the Ter m > Loan % are * unpa d i % or ' 'R unsat sfe,di i up on the uest 7 of > % Lender, Bor rower shall ma nintai a de mand dep osit % Q '$ C req ' , %% $ " : %" * " * ' > acco ntu with > % Lender B$ (the "D ges nai ted Accoun ") t in good '$ stangnd .i If all of the ca i ble l condions it to Line K of Cre t di Loa n 5 have - $C +K K % $ ** $ ' E? ' $ a > app > " $ been 7 R fulfilled, > % Lender ' shall " ! make $ the > Line 7 of % $ Credit > Loan ava eilabl to , %% % ' Borrowe r as set the Reques t 7 % for > Loan by, + $ 7 %$ in ' $ forth 0 Q ' $ $ the 5 " < at opt oni of Lender, B W (a) deposi tin g $ the *% ' proceeds i n $ the ? ' E Des gnaed ti Acc oun ;t {b) applica lb,e tra nsgnferir the sd to an agent % ' %% *% ' *$ 7 > %E - $; $ procee $ * ' $ B if ** des igna edt for * %* ' ' purposes of an ' % escrow de Cl osign of this no i by wi re or - D ACH tran sfer; or {c) * < pay ngi or lying the ' % ' %; 7 7 % app $ $% ' $ ' transact ' $ $ % B ** < < proc esd as $ % ' otse herwi pe rmitted % under $ ' this % " $ agrenem ,t by measn app ropat rie undre the rcum cantes s. **% *% $ % $ ci % "'$ ' *" ' * %" $$ ' < " ' < any 7 > %M' 3.08 ACH # <" $' Paym ts ne. Borrower $ ' author zes i Lender $ to, $ at Len dser' opti on i n eac h '$ instance , init ate i deb st i to + " $ - D , %% % > $ *$ $' $ the 8 I $ Designa edt Account, on $ the due $ date, 7 % for all i $ % '$ nteer st and * * $ princpal i payme ts,n fees and , an d any other amo un ts expenses ? ' $ " $' - $ N* ' ' * <" $' any < 7 ' < 2" % due and pay bale < by , $% % Borowe r r with respect to the Li ne of Cre idt % or Term Loa,n by means of autom tic a clea nghoi use r > : %" > $ $ " $ % '* $ % ' % $ K the $ $ * < < " ' electro icn funds transfer system, < by $ $ direct $ debit 7 of $ the ? ' $ Des gantedi Acco nt. u or any other ycia m rell acce ted p method % by $% '$ % '<'$ " "" ' $ % com " $ *$ - $ "" % < < < C- D # N" $'M E {hereafte , r "ACH Payme nts") . Lendre sh all give Borrow re K not '' less tha n $ ten da ys $ notice bef ore be ng nn gii AC H Paym nets . If+$ ' - D 5 , %% % $ % > % # <" $' <' B % % Lender $' elecst $ " to initiate - D ACH # <" $' Payme ts.n Borrower will thereafter " $ maintain suffi entci fund s in the gn siated Acc ount on the dates $ % 7$ % ' 7R $ 7 ' , %% % ? ' $ - $ $ De $ $ ' > % 0>2 E'=T2+4 Edward Valado,a Jr. - RL OC's - 2013 /" % % Cred t i -Q5""'" Agreeme tn " 4 172 7 > % Lender $ %' enters $' deb ts i 7 % for - D ACH # <" $ Payment 7 of % < regularly ' scheduled * <" $' paym nts e of $ % '$ interest, *% * principal , and 7 ' fee,s 7 if < any. +K If CD % there % are insuffic ent i funds in the Designat de Account on $ the $ date > % Lender $ %' enters < any $K debit $ % ' authorize d by this agreement, Lender " < may $ ' % " $ ' 7R $ $ ? ' $ 7 ' - $ > % < reverse the d $ debit. , %% % Borrower % ' agrees $ to * upon % Q '$ request < by > % Lend , re N $ execute and 5 % del iver $ to > % Lender an - D ACH # <" Payment $ % $ authori ation z in 5 5 %' $ form and $ $ conttne satisfactory $ to > % Lend . re Subject $ to 4 $ Section 8 ) 3.05, all $ ' rates K of $ % '$ intees rt specified in $ ' this % " $ agree tnme shall be 7 %" '* R 4 W K ' ' ' %< increased by \ 0.100% * % per " annum $ if , %% % Borrow re ' does $" " " not mainta n i the Designated - Account in good '$ standing . $ ? ' $ % ' < > % 3.09 Prepayment s & % < Gener lly. a Lender " < may % 7 ' refuse $ to accept Prepyament $ N*% '' < not exper ssly * %" $$ permitted + in $ ' this 8 ( *$ any #% <" ' < #% * <" $ +7 agr eem ent. If a #% * <" $ Prepyament ' is $ conditioned * upon * % $ prior notice to Lender, $ at $ the *$ option 7 of > % Lende, r B (a) $ $ that $ notice will be %% 5 G irrevocabl ;e % " $ $ > % ++ (b) a #% * <" $ Prepaym nte will be due in $ the " $ amount and on $ the $ date '* R specedifi i n $ $ $ ; that notice; and B (c) $ $ that notice will not affetc , %% %E' Borrower' s $ $ B obligation $ to " ! maek all $ % other * <" $' paym nts e requ ed r i under $ the > Loan ? " $' Docum ntes on $ the $ date when E due. #% * <" $' Prep ym ants e of $ the : $% Term 7 $ % Q % % Loan must be "* accompani d e < by * unpaid % accru de $ % '$ inet .re ts Lend re " < may, $ at $' its *$ option " ! make < #% * <" $ any Prepay ent m of a > Line 7 of % $ Cred t i > Loan > $ > " '$ 7 / #% * <" $ K subject $ to * <" $ paym nte 7 of all " $' amounts $ then due % under $ ' this % " $ agreem ent. Each Prepaymnt e of a * %$ portion 7 of $ the : Term > Loan % or a > 7 Line of ' W $ Crtedi > Loan will be ** applied in $ the 5 %' % % inverse order 7 of " $ % $< matur ty i B> (i.e. to the most % " $ remote * <" $ payment) 7 $ of the *% * principal due % under $ ' this % $ $ " '$ agreemnt.e If > % Lende r B 5 ' receives < any #5 * <" $ Prepayment which it ' is * %" $ permitt de $ to % 7 ' refuse, > % Lender may *$ accept the Prepaym nt ;e except that $ #% * <" G % " $ +$ N *$ " < Ledn er " < may, as a $ cond tioni of *$ accept nc ae, require $ the * <" $ paymnet of + $ % '$ intees rt whi ch would % accreu on $ the " $ amount *% * prepaid $ % through > % ' 7 % Q % 7 %$ the $ date when > % Lender would be $ obligated to accept $ the #% * <" $ Prepaym nt e, or the $ date the principal " $ amount *% * prepaid would be due *% * $ *$ $ ' 5 % under $ ' this % " agreement , whichver is % % ear ei r. l % ++ 3.1 0 Mandatory Repyament s. If 8 at < any ti " $ me the * unpaid *% R* principal balance Z of I a Line of % $ Cred t i > N ' Loan exceeds $ the > 7 8 $ 0 " $' +7 maixmum amount thereof under $ the $ %"' terms 7 of $ ' this % " $ agrement , the,n * upon " demand < by > Lend,er , %% % Borrowre shall % * < repay $ $ that * portion K of ' " N " " $ % % $ " " $ prin palci balance $ % 7 thereof I in N '' excess 7 $ $ of that " N " " maximum " $E amount, along $ with all * unpaid % accred u intetsr on $ $ that * %$ portion. the * * $ % '$ 3.11 Inability to ? $ %" Determin e 0 $ ' Rates. +7 If, in $ conn onei ct with any > Loan % bearing + $ % '$ interest $ at a % $ rate to be $ %" determined in $ < 8 + $ % ' whole or in * %$ part on $ ' ' the basis $ of an ** applicable >+,20 LIBOR bas ed N index B (a ]>+,20 "LIBOR , ' Based 0 $ C Rate , ) " > % Lender $ ' determin s e $ $ that B (a) $ Un ted i States % dollar * ' $' % $ depo sst i are not bei ng 77 % offered $ to !' banks in $ the > London $ ! interbank " %! $ maket r for $ the ** applicabl e " " amount K of ' such > Loan, B (b) 7 % 4$ $ ' $ ** adequate and % ' reasonable " ' means do $ not N '$ exist 7 % 5" for determining the applica ebl LIBOR , ' Based 0 $ Rate, % or B (e) the applicable >+,20 LIBOR >+,20 Q $ $ ** + " $ Based 0 $ Rate ' does $ not Q $ < adequat lye and 7 % < fairly % $ reflect $ the '$ cost $ to > % K Lender of funding that > Loan, > % Lend re will *% "*$ < promptly ' so $ < notify the , ' U Borro.wre Th ereafter , the $ obligation of > % Lender $ to " ! make % or " $ maintain < any > Loan % bearing % '$ interest $ at the applicable >+,20 LIBOR , ' Based $ ** : % 7$ % , %E $ % Rate ' shall be ' '* suspended $ until > % Lender % 5 ! ' ' revosek such $ notice, and all > ' Loans which would $ % ' oth seerwi bear % 'K K intees rt at $ the ** applicable 0 $ % >+,20 LIBOR , ' Based 0 $ Rate ' shall % accrue $ % '$ $ interest at a "* % comp rabl ae rate ' based on an N index ' $ designa tde by > % Lender + in $' its ' sole ' % $ discretion 7$ % after < $ not ce i to Borrow . re $ , %% % ARTICL E 9= 4- 2>>-:/0-> COLLAT RAL E -0:+ >/ The * <" $ paymten and * %" performan ce 7 $ of the 2 $ ' Obligations % are ' secured < by the : : 7 ; $ following 7 5 % of % 5 % $ > % (a) all > ' Liens + in favor Lender % $ created % under < any i '$% " $ nstrumnet or % " $ agree ntem delived re to Lender in W $ conunc j tion $ > % B with Existing > Line 7 of % $ % Credit or /N $ Exi sting Term Loan, whihc '$ $ ' staet s $ $ that it ' % ' secures the indebed t n, sse liaes biliti or $ ' obligation s to $ ' % $ $ '' : %" > $ /N '$ F $ the Lend er in $ the /N '$ Ex sting i Line 7 of % $ Credit or /N '$ Existing : %" Term Loan B$ (the *"* %$< property " % encuedmb re by thos e > 'E Liesn, $ the C/N '$ "Existing $ R 7 Collateral ;" > % >" $ ' < and those + '$$ " $' instm ruenst and % " $' agree,mesnt the C "ExN ' isting Collat la % re Docum ; nt )s" e " " $'] G $ $ ' $ X $ (b) all Liens + in 7 5 % favor K of > % Lender % N created % under B9 ()i $ the 4 % $< Security - % " $ Agrent em dated ' as K of " the date 7 of $ ' this % " $ agreement > ' B between > % Lender and , %% %G Borrower ; and B (ii) < any $ % other ' % " instrum nte or % " $ agrent em delveierd to > % Lender in W $ conjun tion c with this 5 % % $ $ $ ' % " 2 $ ' agreem ne, t which ' $ ' states $ that it ' % ' secures all or < any 7 of the Ob igat ons l i (tB$ he *% * %$< property " % encumber ed < by tho se > ' Liens, the "New $ ' $ % " $ ? " $'CG % ^G Collateral "; $ ' those + '$% " $' instrum nts e and % " $' agreement s ' % securing $ the 2 $ ' Ob igat on l ,si the ^1 "New $ % Collertaal Docum nts"; e the /L+'$ Existing $ % Collatrel a $ $ ? " $' $ $ and $ the 1 New Collat , l er a the C $ % ] "Colltaer"al and $ the /N '$ Existi g n $ % Coateral ll Docume snt and $ the 1 New $ % Coatelllar Docume ts,n the "Colla realt $ % ? " $' $ % %" Doc;um nt s" e) and ? " $'^ G (e) B all Liesn C" % $ % % upon and ' % $< secu ity r interesst created under < any $ % other % $$ writtne + '$"% instrum nte or % " ager ement staitgn ' "$ $ '$' * > ' % $ ' 7 expressly tha t $ it ' % ' secures all % or < any * %$ portion 7 of the + $ '' indebdn teess, liabil tiesi or obliga onsi t of , %% % % Borrower under $ the $ %"' terms K of $ ' this + R ' + $ N*% '' < specific % " $ ager em nt. e '* R )= ARTICL E 5. 21?+:+214 CONDITION S -0:+ >/ " ! $ $ > %' ) $ ' 7$ K 5.01 Condi ion ts of the + $ Inialti > Loan. Lende'sr oblig on ai t to make the $ initial > Loan ' is ' W $ subject $ to ' '7 satisfaionct of > % ' Lensd' er sole ' % $ discrentoi of $ the fol ng lowi conditio sn precede t: n B ' $ ' *% $; K , %% % > > % (a) Borrower ' has N $ execteud and 5 % delive edr the Loa n ? " $' Dom cu ents $ to > %G Lende; r and Lender ' has N $ execuedt thi s $ $ ' B ' agreem net an d all $ % other > Loan ? " $' Docum ntes to which > % Lender is a # %$<; Party; $ % " $ Edward Valaado, Jr. - 0>2 '= RLOC s' - 8 2013 4 % % 5 Cre dit - % " $ Agreeme nt 5 173 X $ > % 7 the 5 N ! ' execute /? -0?2 (b) EDUARDO - -?-2 VALADAO has d an d del viered to Lender a % $< guara tyn of tn and * %" performance of $ payme * <" " B B]& % %E % E G $ "Ga " $ % $< N $ the 2 $ ' Obosligat n i ("Guara ";nrot and the guara tyn executed < by & % $ % Guanaror ,t the u ra ty ; 'n) (c) Lender ' has % 5 received 5 evidence ' $ '7 *< satisfactory to Ledn er, of (iB+ ) the on i and exi stence of rties to K $ format Pa # % ' $ %" $ > % $ > % N '$ 7 all the B $ E B+ Loan ? " $' Docm u ent s other than Len der, and N *$ except 7 % for < any Party is an individ al,u (ii) due ion t of insdivid lau $ $ $' + $ the ' "'% authoriza > > % # %$< that # %$ 'G > 7 $ ' exec gnuti the Loa n ? " $' Documents on be fahl of thos e Part es;i N $ (d) B; % * %$' Lender ' has % 5 rece ved i all **% ' $' appraisals and onti rep orts req uired by nder, in a form content C inspec '* $ > ; % Q % $ 7 %" and > % < Le satisfactory $ to > %G Lender; ' $ '7 $ %< ' (e) Lender ' has % 5 received 5 evidence ' $ '7 $ %< satis act fryo to > % Lender, that Borrowe r is in "* com ance pli wiht all app cab i el + , % > % ** $ B + %" ; Environme tal n Laws B$ $ (that evi decne, the C/ 5 % " $ 'Envi onm r enta l Inform ; )o"n at i $ / 5 % " $ > ' 5 (D B+ # %" $' $ $ Lender ' has received evidence ' $ '7 $ %< satisfactory $ to > % Lender, that all % $ %< regulatory **"5 appovals r , Permits and > % licenses ]' ' ' % 5 '' are % 7 7 % * % $ ' 5 been required % ** $ under Appl cable i Law $ ; for Borrowe s ' r ' '' bus ness i operat onsi have issued and in full force and effect: , %% %' % Q % > (g) Lender has % 5 received 5 evide ce n satis ac ory ft to ed,r that Liens % $ granted to Lender under era allt l $ Len ' % the ' $ '7 $ %< > % > '; ' $ the $ > % $ Co B Documents are val id and enforceab e l and, * upon the Closing will_be , proper y l * %7 $ perfected , and *5 % prior to the nterests of *% * % < all ' i $ % 'E' $ 5 % $' and 7 % rights ? " $' other # %' ' Persons , N *$ except those rights and $ % '$' interests acceptable Lender + +$' in its sol e ' % G discre ion ;t * to $ > % ' $ % ' % $' 5 > % (h) Lender ' has % 5 received evi dence ' $ '7 $ %< satisfac ryo t to Lende,r B " that all * ' policies of ins ur ce na req iured under t$ he Loan > % ' $ % Q % > % B Documen s t % are in full 7 % force and 77 $ effect and all *% " "' premiums 7 % for C ) those pol cies i have been * pa di $ % through the required by Lender: 5 * R % ' ? " $' $ date $ % Q % < > %G (i) Lender ' has rece vedi, east ) 5 , ' '' Business Days prior to Closign ? Date, all docume tation n and other > % " $ $ ' the % 5 at K l '$ ? <' " ; B ]! % iF 5" nformation required < by ! bank % $ %< regluatory % ' autho esiitr under ** app cabl li e "know < % your '$ " % custom r e l ' aws" and -Terior rism Laws , Ant $ Q % - H: '" > ' includ ngi the 4- U. S.A. # $% K Patriot - $G Act; $ 7 all all representations and %% $ ' warrant es i of Part esi other $ than > % Lender in $ the > Loan ? " $' Documents ar % e $% true and # ' $ % B) U) % *% ' $ $ ' (k) as of the osing Date, the following ' shall be true d %% $; correct: ' ' $ Cl ?" E an $ 7 correct; %$ B! (i) no ? Defau t l % or /5 K Event 7 of ? 7 $ Default has occurred and ' is continuing ; and ' %% $ 5 $ ' no evetn has %% occrrued and no condit on i exis st wh chi has resultde i n % or % ' < could reasonab ly be (ii) $ ' % ' $ N '$' B expected to result in, < % ind vidua i y ll or in the % $ aggega r,e t a % K Material Adve ser Effect; and + $ - 5 %' N* $ $ % ' $ /77 $; (IB+ ) Lender has vedi all $ % other " $' docume ts , n certificates , filings , **% 5 ' approva ,s l l egal opi nions, i 7 = nfomation r R ', consents %$ R $ ' > % ' rece % 5 * ' ' $' and $ % other pr*% $ ' eocsnondi it requested < by > % Lender. B Q '$ " 5.02 Borrowing , ' Base Certificate . The inial ti Line of Credit > Loan and each thereafter ect j to , %% : $ > % $ ' sub $ % 7$ % is ) ' W $ $ additional " the condit oni preceden t that > % Lender ' shall 5 have received a Borrowing Base ficate i . , ' Cert %$ R $ % 5 , %% *% $ "" Subordiat nion of Li en Agree t.mne * Upon % Q '$ request < by > % Lend,er Borrower ' shall obt ani an in favor > 4 % $ 7 - % " $ , 5 $ 5 5 % " $ agreement i)+ UCC 7 filing number , fi ed l March , 2010 ; ii+ ) UC C ) I9(I9 % 16 " % 107225684984 E filing number 1 ) I) 8 072256851 , 37 filed March 16, G 2010; and ii) UCC P filing " % number 107254942549 , filed Decemb re 20, , to R " ; R % R ? " % )9(9 )9( 2010 $ WESTERN +>>+1& MILLING , >> LLC ' % securing $ the $ % Collateral. F/4:/01 5.03 ) 8 of Lender to ' % subordinate $ the foll owing $ to $ the 2 $ '; Ob igation l :s 7 K > '; $ 5.04 ) > %E' Adodi na itl Loasn. Lender's $ obligat on i to " ! make each add itonial Loan ' is ' W $ subject to condition pre cetden > $ - > " $ the B $ *% $ (a) B Lender ' shall receiv e > a Loan 0 Q '$ Request B ' (as defined in 4 $ Sect oni 3.0 ;) 1 G > % R % 5 8 Y (b) B $ $ ' ' $ + (e) the following statem nt se are $% true and correct B (and , %% % Borrow re will be " deemed $ to repre tsne to nder that % $ %% 7 " '$ $ " $' % *% ' $ $ Le > % K the " that on P the ?% Drawdown ? $ Date: $ $ B all of the conditions set forth in 4 Secion t 5.) 01 5 have been and eu to be satisfied ; 2 & contin $ ' $ 'R ; following '$ $ " ' staement t s 5 are true and %% $ correct) ' as of Drawdown ? ; Date: B (i) the ons i and %% $ ' warrant es i in the % *% ' $ $ ' 7 K the + $ ?$ $ representat $% > $ Loan Document s % are $% true and %% $ corretc ' as $ thogh u made on $ $ that $ ; date; (iB )i no De fault % or Eve tn of occurred an d remai sn ? 7 $ has ? " $' " ? /5 $ 7 Default ' %% % " ' un cured or would % ' $ resu t l from the $ add tional i Loan: (iB ii) there has been no adverse ange in the l $ cond on it i of Borrower 7% " $ $ % ' % % 5 %' ch R > G $ financia , %% K or % the & % $ % Guaranto r % or in the condition 7 of the % Collatera l % or any mater al i * %$ portion thereof since the effective $ date of agreement that $ $ % 7 ' 7 this $ ' % " $ $ 77 $ 5 < " $ % has % ' resu tedl i n % or could % ' < reasonab y l be expected to % ' $ result in a Material e s /77 $G Effect: (iv) unpaid *5 * principal amoun t K of all Y Adver ' - 5 %' N* $ $ * " $ B 5 the outtsadning Loans % under $ the line 7 of credit ility und re wh chi thos e > ' Loans % are " made, togeth r e wi th the t n of hat ad ona ditil % $ fac % $ ' > ' % "< $'$ $ $ amou " $ K t R Loan ' does $ not N exceed $ the max mum i am ount the reof % under $ the term s of this agreement ; and (v) Borrower has received duly " " S " $ " N " " $ %"' $ ' > % " $G ' % 5 < B5 , %% % executed $ conditi nal o and $ > unitconnd ali Lien wa ivers and s % $ $ relating to " E' mechanic s ' and mater almen si ' Lien,s in the m " $ % " ' % ' ' %' release N " $ for > ' requirde by Appl ecalbi Law, from each $% $ % contract , ro sub coor n,tra tc man or vendor i n eac h ' case, with regard to l work , " $ % " % 5 % ' ""% $ % material % " % Q % > $ % % $ al %! < -** Edward Valadao , Jr.^ - 0>2 ' RLO s C' · > 2013 " " Cr edit Ager emen t " % " 6 9 174 C "" the *% ' $ > % for % whi % whi ' 5 < ' %5 ' $ procee serviecs and " $ % ' mat saleir for ch * <" $ paymnet will be " made from ds 7 of the Loan or ch paym nte has already bee n * <" $ " made * % prior $ to B the > Loan 0 Q '$; Request; and > 'K **% 5 ' $ R ' ' $' *" 'E (d) Lender ' sha l l 5 have % 5 received all othe r " $' docum ,ntse certifi ,seca t fiR ' lni gs, consents, approvals , legal op nioisn, B "Q ' 7 %" R information and $ % *% $ ' other precondition s requested by Lende r. < > $ = ,2002F/0 ARTICL E 6BORROWER 0/#0/4/1:-:+214 REPR SENTATIONS E -0:+ >/ ' all 5 6% " ' $ " Obligation 6. 01 Representat on .s i From and after e % 7 hereof and $ until such time as s hav e been * paid " in 2 $ ' 7$ % the $ dat , " > % > $ ' $ %% $' full and Lendre has no R E obligation to make additional > ' Loan , s , %% % Borrower % *% ' $' represents and warr nts a to Le nder $ $ that: $ " ! (a) B ** ' appl $' if , %% $ Borrower ' is an ything " % other than an 5 individual , it ' has "* complied with all cab e il law s % conngcern i its $ <$ +$ K or '$ $% ' $ ' '' N '$ % 7 +$' ' st '$ $ % organi , nza oti existecn e and the transac noti of its bus iness, and ' is in N '" existe ce n and good stand ngi i n its aet of gaizatio n n an d $' each '$ $ state in which it $' conduc st its ' ''G buness si : , %% % of K ' > Document ? " $ to (b) the $ N $ execution , 5 %< de ivery l and * %7 %" performance by each Loan $ which it ' is a * %$< party, ' is within < Borrower B ? " $' $ * %' the 7 , % $ % G $ > 5 N $ $ % $< the powers and autho ityr of Borrowe r 5 and have been < duly authori : ze d and Loan Doc me u nst have been < duly execut ed and $ % $ G deli vered < by each K of the Loan # %$ ' Parties thereto ; > 2 5 % $ (c) B -** > ; $ > the Loa n ? " ' Docum nts e do $ $ not conflict F $ with any Law: < Applicable , = % > $ which , % 7 % " $ (d) each Loan ? " Docum nte to Borrower i ' s a # %$< Party ' is a legal, 5 valid and bind ngi agr ent em of Bo rrow.re B % Q % its % " $ '$ $' $ %"' enforecabl e against , %% % Borrower in % accordance with term,s and < any + ' $ " $ instrum nte or agreement requ er di ther eunde, r en 7 $ $ % wh 5 enfor 7 % ! N $ execued t and 5 % delivered to > % Lendr,e will be simi arlyl leg , la val id, binding and cae; bl e ' " < '$ $ " $' 7 %"' K " $' '$% " $' 7 %" $ % * %$' 5 (e) all fiR nacnial stateme snt and $ % other report , s docum nts,e instrum nts e, information an d forms of evi decne B ]/ de 7 $ % % % < $ 5 % concerning , %% % Borrow ,er & % $ % Guarantor , $ the $ % Collateral , or any $ % other fact or % "'$ circum naect s (th e "Finan cial I 7 ] nform"),ionat livere d to B$ %% $ and ma "* $ all " $ % suffi ' 7R $ < $ $ ' % $ > % *% 5 % '* $' $ " E % Lender in $ conn onei tc with this agr e ment , are accurate , correct ently ci comp e let in etrial res pesct to ed $ provi $ % " $ $ > % Lender % true and % $ accurate ! F knowledg e 7 of thei r subje tc " $ % matter, inc uding l , without limitation , all " materila $ $ cont nge t in liabilities ; $ ' ' W $ (D B+ $ % N* $ % ' % ' < $ resul theer ' has been no 5 $ event % or occurr ce ne which ' has % ' $ resulted in % or could reas onably be expec edt to t in, E 5 - 5 %' $ % 6 % /77 $ ' 77 $ 5 K the $ Fi + %" $W indiv dui la or + in $ the % $ aggregat ,e any Ma tealri Adver es Effect since $ the effe ctive " date of na alcni Informat nio provi ed d to *% 5 $ < > %; Lender; % of 5 ' + $ % '$ , %% % $ % K it '' ' (g) Borrower ' has good and " %! marketabl e till e to, or a valid leas dehol int eest r in, s *% * %$< property and assets as all $' ' B ' *% * %$ ' $ % subjec Lien > ' , %" % ' $ % $ reflected in $ the 6 $ Financial + %" $ Information *% 5 prov dedi to > % Lende, r and such '' " assets and properties are t $ to no s and Borrow re $ which $ " $ % " $ % $ ' % ' ' ' enjoy "* has compl die $ with all ma terial oblig tion as under all mat eiral leas es to it ' is a * %$< party and s * 7 peacelfu and ' " und sturb i de W <' * '' '' possession % under ' such ' 'G leases: (h} B % " B 5 % ? " $' en 7 % > % the $ % Collat ra el Docum nest are 77 $ 5 $ effective to % $ E cretae, in favo r 7 of Le nder, < 5 legally valid and forcea ble sec urity ' % $< > $ " ** 7$ " tim 5 % '$' $ % '$ $ % ' interests in ' such " right, $ $ title and interst each app icabl le Loan # $$< Party ' shall from e $ to " time have in $ the Co atllerl a and su ch % % $' $ % '$' 7 ' % $< # %' ', N *$ $ ' rights secity ru interesst are ' E subjcte $ to no > ' Liens and % are *5 % prior $ to $ the rights and $ % '$' interests of all $ % other Persons except those $' and $ % '$' + > % interes s t *$ acce tapble to Lenedr in $' its ' sole ' % $ discretion . / $ > Colla $ % Eac h of the Loan # ' Parties ' has *% * < proper y l 5 % de ivel er d to > $ Lender all er l at tha t $ $ $ % Q % ' $ sec ' 7 R fil $ % 'B' % % $ the ' % $< requires * %7 $ perfetion c of the tyuri interesst by * '' '' pos on ses is and has $ % author ez d i all nig and recordin g < by > $ Lender requ er d i for % " < 7 * "$ % ' ' % % % G perfectino of $ the ' < sectyuri intersets < by R filni g or record gn; i $ % B N " % $ , %" % '* * (i) Sorrower ' is $ not " the ' W subject K of any Judgm nt :e and ther e i ' s no ' $ law,ust i tax clai m % or " $ other dispute peng ndi or to < " $ B+ , % % ' 5 %' , %% % , %" % +' % ' < $ % $ '$ Borrower's ! knowled ge threa ed tne aga nsti Borrower that , +7 if $ %" det nedermi adv se er to Borrowe , r is reaso bly an likely to have a $ $ $ 5 ! < $ % - 5 %' Material Adv erse /77 $ Effe: ct $ K $ +C % U) the > Loan ? " "' Docme utsn do not conf ict l with, nor ' is , %% % Borrowre in 7 $ default $ under any tm ne or arra gnemen t in % %% " K % " $ < agre B 7 % $ $ % $ % K 7 % % providin g for or % $ $ relat ng i to N$ ' ' exten isons of credit or other " $ '' indebtess ed n of < any $ % nature in d '* respect of wh chi Bo rrow re is in any effect *% 5 , %% % ' < " $ $ G % $ < maner n directly % or " < cont nge tly in obligated : , %% % R $ , %% 5 has ' * (k) Borrow er ' has fil ed all N tax % $ "' returns B % ' $ (fed , aerl state, and local) % Q required to be R filed by ro rwre and paid all B! < Bo % ' 5 % " $ $ % '$ pe ' * $ 'G tax es, '' ''" $' assess , sen m t and gove rnm talne charges and 5 ' levies $ % thereon, includ ng i interest and naltie :s , %% % $ > " $ % ) (I) Bororwer ' is + in "* compce lia n wi ht all -** Appl calbei Laws B2 (includin g all / 5 % " $ Enronme vi l nat La ws}, and there is no " claim, > ' B+ E '$ *5 % to ! % $ , %% %' $ % $ , %% * $ $ % '* $ + a vi5 act on i, proceed ng i or 5 '$ $ investiga tio n pending or Borrower 's knowledeg thr eat ed ne against Borro wer with respect to olation of K any -** Applicable > Law B+ (inclu ngid any Environalen mt Law) < by , %; Borrow; er 5 > < / 5 % " $ >K / 5 Edward Valaado, Jr. - 0>2 ' RLOC s ' - 2013 >E - ""' Cred t i Agrem ne l 7 175 ) $ % % $ $ (m) no > Loan # < Party ' has tre ated, stored, ' used % or 0 ' Re eased l any D % ' Hazardou s Material in," on or at any of the '$ % B5 < < 7 B" 7 subs % $ ' '$ ' $ $ ' or " ' properties or fac ties ili owned or leased < by $ the > Loan # " ' Parties (ex cept P $ for 5 $ % ' invent seori of an tces tha t % are used to be ' used i+ n % ' B N *$ *% * %$ ' $ 7 in $ '$ ' '* ' B 5 $ % ' the 5 %< ordinary %' course of ' '' business K $ of the > Loan # %$ ' Part esi (which inventorie s 5 have been '$ % stored and ' used and wastes disposed of % % % tanks "* " $' or $ % % " "* $ !' mater al i compliance will all ** applicable / 5 % " $ > ' Environmental Laws), and there are no underground , ' %7 surface impoundments K * %" < % # ,= $ * % $ 5 % " $ % ' or Q *" $ lagoons , $ % whether operative or temporar ly i or permanently ' E closed, ' '$ '= $ asbestos ntaining oc materia s, l PCB containing equ pment i $ ' $ "* % % < 7 $ ' % *% * ' % % 6 ; 7 the $ located in, on or $ at < any of propert es i or fac lities i owned or ' leased by the > Loan Parties ; < $ , %% % " " (n) Borrower ' has *% 5 ' < 5 % previous y l delivered $ to > % Lender each envir nmenta o l aud t, i '' ''" assessment or nvestigation % * report in $ % i 5 '$ $ B *% * % % $ the possession % or $% control E of < any > Loan # < Party which 5 have been prepared by any * %$< party during the )=< % 5-year period preced ng i the * % *% $ * '' '' < < $ > ' ' / 5 % " 7 the $ Envir *% * ' $ ' Closing $ date % $ relating to 5 % " $ environmental $ ' conditions % or "* compliance with nmental o Laws on < any of properties % or facilities owned % or ' leased by Loan # %$ < any (o) B (I " " F $ $ Inte + $ % , % 0 5 K Borrower ' is $ not a E+ % "foreign * %' C peros n" wit hin the mea ning 7 of 4 $ Section 99) 1445 K of the rnal Revenue Code of 1986 ; (p) B* ]5 5 ' " company "* <^ & " % +' % ' R ' W $ $ % $ neither , %% % Borrower % nor Guarantor is an "investment " as defined in, % or subject to regu ation l under, the % " G - $ K + 5 '$" $ (9 , ' Investment "* < Company Act of 1940 as amended ; % ' > 5" ' ' '' of N$ % $ $ business " the 7 extending (q) no Loan # %$< Party ' is engaged *% * < principally , or as one 7 of $' its "* $ improtant activit es, i in credit BQ % $ any > wi " $ % dir *% ' 4$ ! % for the * %* ' purpose 7 of * % ' purchasing % or canying Margin Stoc , k and no * %$ part 7 of the proceed s of ll be ' used, either ectly or % $ < "%%< 5 < Loan * % ' $ %%< % Stock whether % $ purch < 4$ ! % indirect y, l immediately , inc denta lyi l or ultimately , B (i) to esa or carry Margin or to N extend % $ credit to others $ " $ < $ % "" $ < % < and $ $ %' % $ $ 4$ ! or ' * %* ' G % B %% 7 % for the * %* ' purpose K of * % ' purchasing % or %%< canying % Margin Stock to % refund $ '' indebtedness ori ginally incurred for such purpose; or (ii) 7 % for % < *% 5 ' ' 7 $ $ $ entails 7 $ any * %* ' purpose that a 5 $ violation 7 of, % or B $ that i ' s ' '$ $ incons stent i with , $ the provisions of the 0 $ ' Regu ations l of the Board ; $ ' $O , % G < B% (r) i ' no ? $ Default % or /5 $ Event 7 of ? 7 $ Default ' has %% occurr de and s continuing ; and 22 +? + U (s) B' - =: %% '" K < the $ use $ proceeds ; K > ' no > Loan # < Party $ or any Affiliate " $ % thereof ' is " in +2E,12? violati no of any Anti T-errorism Laws and the ' of *% '' ; of < -7 - 5 '" > ' , %% $ the > Loan < by Borrower will $ not $ violate < any Anti Terrorism Law. s , %% %' K ' " '' + 7 %" $ - % $ "* , ' %$ R $ 6.02 lnfonnat on i Accurate and Comp ete.l Borrower' s submi sion s of < any , %% Borrow ng i Base Cert ficate, i report, % * %$ % R $ the $ $ % otherwise % " time to % % $ % ' , of , %% %, from 7 Borrower record, % 7"$ certificate % or $ % other 7 %" $ * %$ information pertaini gn to condi ion t or * 5 ' operations , finan ical or $ ' agreement $ " % " $ $ time, $ % whether % or $ not % Q % required % under this , will be " deemed "* accomp nied a by a % *% ' repr onensetati by , %% % Borrower " K that the < < " $ % "* $ all $ $ $ 7 K d *" record % 7 %" $ or information ' is complete and % $ accurate in material % '* $' ' respects as to the condit oni or * % ' operat onsi of Bo rrower (and , report, % % , " % B ' % %' -7R $ ' * %' 4 ' % ' , %% % ' if ** appl cable i , Borrower's Subsidiaries , Affiliates , partners , shareholders , " " %' members , % or $ % other * E * ' principals) , including , without $ 7 %" $ limitat on, i all material contingent liabilities and does not om t i to state any material fact necessary to " ! make the information $ therein $ % " '+ ' . contained misleading $ " $ $ G " % $ $ ] $ ' ' $ " $ $ '$ $ < " %$ " '' %< $ -0:+ >/ 2 /1-1:4 ARTICLE 7 -= ,2002F/0 BORROWER COVENANTS to make additional Loans : " ! $ > $ ' $ " ' 2 $ ' 5 * + 7 ' > % ' $ $ Until such time as all Obl gations i have been paid in full in cash and Lender has no obl gation i 2$ % ' 5 ' not shall $ i % $ $ $ ' or % conting 7.01 Other ? $ Debt. , % Borrower shall have no $'$ outstanding and ncur any direct or ent liabilities % < % ' $ otherwi $ "' lease $ ' obligations , % or % $< guaranty 7 of $ the $ ' lai bities il of $ %; N *$ others, except $ the 7 " following +K if not es *" prohibited under % the > $ Loan $' Affili %" $" ' obl -7R $ 'G ? " $'; B) > % % $ Lender ( days Documents: (a) $ ' liabilities and igations to or < any 7 of its tes a; (b) normal trade % $ credit not more $ than 90 past due $ " % <' * 'K B % *% '; **% *% $ " addit $ ' $' d in good 7 $ faith < by appropr atei proceedings ; (c) an indi , vdu lia lanio debt s as an ind vidual i for or $ '$ being conteste 5 B % primarily *% " % < B if % $ ' " % $ * %* ' * %* ' 'G Q *" $ consumer purposes ; B; (d) ' lease ' obligation s or debt %% incurred 7 % for the purpeos 7 of * % ' pucr ha ing s equipment ' used in the ordinary course % %< %' 7 $ di $% ' $ ' ' ness i ; and B (e) $ % other " ' liaities bil and $ ' obligation s in N ' exisetnce on $ the da et 7 of tP ' hsi tran ocansti and sclosed in the mo st rec ent of ' ''; bus $ " '$ % Z R K ' " $$ to $ > %E financia l '$ $ " $ statem nte submitted Lender. ' % to $ create % $ " '$ 2 =% $ exi the 7.02 Other > ' Liens. , %% % Borrower ' shall not , '' " assume % or suffer ts < any > ' Liens on rights, titl e or $ % $' $ $ '$' in % interests + 7 > $ 7 5 % of % < 7 it; ) , except the follow ngi if not otherw se i prohibited under the > Loan ? " $' Docum : nt es (a) > ' Liens i" n favor Lender or any of s its property B8 '' $' $ that $ $ ind 5 $ -" 'G ' ' P K Affiliates ; B (b) if an 5 ind vidual i , add tion i la Liens ' against the * ' persl oan asse st of vidu i al as an 5 + individual , to ' % secure debt $ for * " M < B % tax $ N ' primarily ' " $ consum er pur pes; os and (c) Liens for es K not yet due. * %* ' 'G < K B > ' +$' *% * %$< N *$ $ 7 $ $ % ' *% $ % $ 7 % +% '$ % 8 7 not 7 if -'' $' 7.03 Sale 7 of Assets . , %% % Borrower ' shall $ not ' sell or transf r e < any ' '' business % or asset , except following N *$ the '' $ $ 8 ' ' "' *% $ $ % %< otherw se i prohib tedi by $ the > Loan ? " $'; Documen : s t (a) sal es % or $% '7 %' transfers of 7 + 5 $ %< inventory i+C n the ordinary cours e 7 of ' '' bus nesis and (b) s " ' ' < B B sale % $% '7 %' %' % $ *% * < or transf rse K of ' $ obsoetle or % worn out proprety, in $ the % %< ordinary cou rse 7 of '" ''E bunesi. , %% % + 5 '$" $; $ foll " $ ex Investments . Borrower ' shall $ not " ! make I+ 5 '$" $' N *$ nvestm snte except the owing to tent not otherw se i the K "' 9 7.04 ' *% $ > 7 thi %' " prohibited < by $ the Loa n ? " $'; Document : s (a) + 5 '$" $' Investment s " made *% % $ prior to " the $ date of s agr eenm et and ' ' disced los to and approv de by $ **% 5 B8 < B > % 4 ' % 'G + R ' Lender in % $ G writing; B (b) + 5 '$" $' Investments in %% $ current Subsidiar ies ; and (e) + 5 '$" $' Investm nts e in certifi esca t of deposit, obliga ons ti of the $ ' K * ' $ federal 7 % 9 5 % " $ government , % or readily marketable ' % $ ' securities . % < " %! /"" /" Edward Valad a,o Jr. - " ! " " Credit Agreeme t n 0>2 E; RL OC's - 8 201 3 8 176 7 ) .05 ' to $ %' except 7 , %% % " ! $ others N * the $ follow $ the $ N$ $ K otherwise $ % ' Loans to "" Others. Borrower ' $ shall not make loans ng i to extent not > G $ " * % date > ? " $' $ of prohib tedi by Documents : (a) extens onsi of prior to nt an d di sclosed to d $ Loan % " $ N$ ' ' credit % $ made ' agreeme $ an *% $ ' ' $ the K this < the B % " $ ! 7 N$ ' ' 7 % $ 7 credit (c) %% 4 ' % ' **% 5 %" $ ' % ] to approved by Lender in writ ngi on % or before the date of thi s agreeme t n (b) oesnnsi of rrent Su bsidiaries and $ cu < > % B ext B % notes % ' from 5 5 ' rec "" the % ' ' % 5 or K acc ' ; ' %5 ' % $ $ sal extensions 7 of credit in $ the " nature of ounts receivable eivable arising e or lease of services in+ 7 goods N$ ' ' ' or -77 $ ' " " %' Affili $ 7 " < * $' ' 4 ' ' $ %' pe $ $ the % %< ord nary i cours e K of ' '' business to son rs othe r than fam ly i memb rs , e Subsid ies ar , i and tes a. 7. 06 ' " $ 7 $' $ mainta 4 ' % ' to , 5" % ' of ca Books and 0 ' Records. Borr w o er sh all mainta n i and use each its Subsidiaries n i proper sk " !' *% * % boo , G all $% ' of $ ' and % ' $ ' correct %% $ entries % $ to of % % record and account includ ngi full e, and ons i relating ts and s and K dealings + i $' their $% % busines transact ' '' 7 , tru $ 5% ' % ' ' + " % % '* $' ""< ! % < *$ $ *% * ' B &--#C act ties vi i on an accralu basis, in all material respects in conforimty with generally accepted account ng i principles ("GMP" . ) 7. 07 0 " $' 0 * W ' furnish 7 " ' to > % Lender: , 5 shall Report ng i Requ rements i . Borrower (a)B "E7 $ no ater tha n 25 s after the end of , a Borrowing e Certi ficate current l $ % K each month ' of , %% Bas " $ , ' of $ ) day 7 the $ $ 7$ % $ $ end %% $ as 7 that <' mo;thn " G l $ % $ no $ 120 ' ' ' avai days 7 each 5 $ en 7$ % (b) as soon as eab , ll but ater than r the d of l year , a copy viewed #- Re fisca R' 0 5 <' afte CPA < $ *< of B * % ; R Consolida ted financia l '$ $ " $' statem nt se of , %% % Borower 7 $ for that riod; $ $ pe ' $ $ later + Se "" of K eac $ % than 4 *$ " (c) as n ' as 5 avai ab e,l but no ptemb er 30th h fi+ ' scal sem iannual period , a copy ' " + ' soo ' #- 7 CPA * % E *< of B K that R '$ $ " $' * % Compiled Conso idatedl financia l sta tements of Borrower for riod; $ $ pe 7 , %% % "* ' $ -*% $ 7$ % the ' ' ' ava 5 $ $ $ % $ $ 8 $ after fiscal (d) as soon as labl i e, but no later than the Apr il 30th end 7 of each R' year #- K CPA < %, a copy *< of B % that R '$ " $' "* 7 Gu & % $ % C 8 * % G Compi ed l financial state emnts of arantor for period; (e) B $ 120 of fiscal " 5 $ as soon ' as avai e,abll but no later than days aft er the , a copy ' ' $ % K each <' R' year $ end 7 CPA #- Reviewed 0 5$ < % *< of 7 % K Va * % E R financ al i statem nts e of ada l o Dairy for that per od i; '$ $ " $' ? %< * ' $ * ' or % rec " " $ $$ %' and corresponde %% '* % *$ (D prompt y l up on sending eipt, copies of any nte letters ce n rel atign to % $ $ *% "*$ < < managem B+ manageemnt letters, sent received 7% " from , %% %E' Borrower's or arantor's acco ntants; u and ' $ to $ or % % 5 % Gu & % $ %; " " K " $ $'; $$ %' $ ' % %' % ot $ % (g) promptly * upon rec eipt, cop esi of notices, orders , or hre comm uni catio s n regar ng i d (iB ) an y en foceme r tn "" ' K all $ % * ' % *$ 7 " *% "*$ < < B % any action < by any Govrementa n l Authority atng i to safety, the environ ent m, or Hazadous r Mater als i wiht regard % $ $ , ' %< $ 5 % " $ $ health $ % ' - $ % $< rel % % to + < & 5 % " $ < D % ' % op % (ii) '$ Borrower " , %% % regard Borrower's *% * %$< proprty e, actviti i es, on eiarts, or any cla mi against ng i Hazar ous d Mat erials ; , %% %' D % ' * % $ ' % % or $ % ' 5 ' B < (h) B 7 the $ occu %% 7 $ following $ in la $ % $ five $ 5 $ no notice of 7 the ce nrre of < any of , *% "*$ < prompt y, l but ter than after such 7 R5 days any ' < event <' $ % %% ; occurrence : B (i) any awsuit, tax claim or other di $'* $ spute i 7 f filed or threatened R % '$ Borrower $ % $ against N " " $ greater , %% % in K $ % an " $ % than amount $ < l ' $ & 5 % " $ $100 00 000 ;, . (ii) any tan sialt dispute between Borr ower and any Governmen l ta Authority ; (iii) failure by , %% $ < ' '$ $ '* ) E G $ % , 5% % to < sub - % $ ' by / 5 % " $ rety 7 of any Loan Pa rty or ronme i l ant Laws ; ; and " prop # %$< > Party *% * < < > < Env # %$< < Loan < any K Materials on the of any Hazardous $ % ' < D % ' (i) promptly upon Lende 'sr request , all er !' books, records s,t ne sts of , oth property * > %E' '$ $ " $' li '$' $ % % % ', statem % Q '$ accounts $' *% "*$ < *"* < and B $ " budgets , for ecast ,s reports, % ' reco ds r or i %" nform notia peng rtaini to the condition osnrati of tor n $ or % other * " 7 % '$' % ope * % $ ' K Borrower $' $ * ' , %" % or % Guara & % $ % 5 Q '$ reques edt by > % Lender. < 7.08 I $ * E5 ' i $ $ 7 Assets ' mainta -'' $ Ma ntenance i of . Borrow r e shall n i *$ ' and preserve all , priv leges i , ntellectua l property 5 "$ , % $ rights % $' *% * %$< ' " ! any $ % % * %' make ses i Borrower now ha s % or lat er acqu res;i and , ren ewals, or p Borrower 's rights and $% ' ' franch Q % ' % ' % $' % replacements , %% % $ * " ' to , %" %' $ kee ! * < repairs propreties in good wo rking con dition. $ ! *% * %$ ' E , %% % +' & Standing. 4$ If Borrower ; than $ an ind 7 ( .09 Existence and is anything vidual i , Borrower /N '$ ' preserve Good <$ other , % shall *% ' %5 mainta it+$' qual " $ juri 7 %" " and n i its ' exi N '$ stecne and good '$ standing in the sd ction i of s format on, i and fy i and de to ct its remain % " qualifi ' Q R Q 7< $ condu C) ' requir ' '' neiss in each juri sdicotni in wh ich ' such Q $R qufial ciation is e. d bus W % ' % Q % ++ + + any , % % ' $ of , ' '' Borro 7.10 Change in Business. wer shall not engag e in la i line ness i substant ylal i different " $ % bus ' '' < mater % " % " from ' '$ $ < $ ' ' 4 ' % ' the , %% % $ $ $ those lines 7 of ' '' bus neiss conduc de t by w ore and it+$' s Subsidi es i ar on date hereof y busi es ns substan yia ll t related or ' '' % 7 or % an % ' '$ $ < % E < Borr < $ l % $ there o.t incidenta al ' $ " # %" $' 7.11 Comp iance l wi th Laws; . Borr owre sh all comp y l in l resp ects wi $ th all acble Laws y $ , % % '* $' > 'G Permits Appli "* < -** pa > ' and * < 7 % % ' im "* ' 5 % " $ gov before Q < delinqu , yc ne all taxes, asse , ness smt and ernm nta el charges posed upon Borrw oer or oprety. Ea ch Loan rty $ N ' '' ''" $' * , %% % % its ' pr > Pa / *% * < # %$< material " " ' " $ % respe $ " 7 for effect $ all % '* $' sh all obt ani and main tain " in full ce and and com y l p in tcs with cessary Perm sit and nte ne 7 % "* < # %" $' $ all 5 "% '' %< governm approva s. l **% 5 ' Edwa dr Va adao l . Jr. RLOC's - 8 2013 /"" - 0>2 Credit -(" %" " Agreement % ] 9 177 - -- --·-- · -· . ···-···· ··-----· . - -··· ----------- , %% % % ' > % or 7.12 I ' ' nspect ons.i Borrowe r shall at any e l ti$ " me and from me to , permit y of its ' , $ $% " ti " time " * %" Lender % an 7 $' < reasonab < + exam K and % the '$% $' N " " ! copies !' of % % ' and * ' of $ records books ' % ag ents or % * ' 5 ' repr ves estenati to nei and make absrac tst from , and t i the oes perti 5 ' $ vis *% * %$ ' B pr K $ K Bo ind $ an $ % than , %% % of Borrower and $ to ' '' discuss the affairs, fiR ' nances , and $' acco nts u of rrower wi th (if rower i ' s other vidual i ) officers $ %' , %% % 7R %', 7, , %% % + 5 B $ Bo % , "" % any % manage ' applicable $ % person * %' dealing ** G $ $'G di % $ %' rectors, partners, or s r or Borrow r,e as ; , %% %E' Borrower's i * $ ndependent accountant s; and " %' * %' < other wi th , %% %E Borrow r.e $ 7. 13 8 + ' Insurance. (a) B " $ * ri% '! , %% % " $ % ' $ " Borrower ' shall ma nat, i i or cause to be mainta ned,i pub ic l < liabil ty i i ' % G nsurance ; all sk property *% * %$< damage (b) B > Documents - * + ' + ' % required All policies 7 of insurance under the be iss ued by es i approved % Q % % $ Loan ? " $' must " '$ '' "* ' **% 5 by < compan < a % * " $ 7 ins $ % for B % the $ full 5 + ' * ' 5 % $ property insuranc e pol cies i cove ngir tangible ng i the ureabl val ue on replacemen t cost si;s $ Collateral '$ ba ' % "*% ' '$'G *% * %$< compris %! %'E % Q % > %7% " $ ' requ such ' additiona ' % as ' requ % Q % $ time $ " wokr ers' "* ' $ compen sation i ' % nsurance as red i by $ G law; and l insurance redi by er from ti$ " me to . < Lend < *$ $ " '$ ' to amo 7 %"' % '! 5 % ' N* % $ > % " $' '' payab Lender, and must be acceptable to > % Lened r as nts u, forms , risk coverages , expirat on i dates , and e l an d loss $ ' * < % cancellat on i provis onsi with dedes ctib ul of 7 a max mum i of 000 , on all Co atera ll l whi ch is+' inven ory t, equipme , t n an d othe r " N " " 9 $1 [ $ 5 ' ' + $ ' $ % 5 $ %< Q *" $ $ % Q % 5 % " '$ * $ can $ K be % dim " ' tangible * %' personal *% * % $ $ $ in+ ' % % ' % $$ 7 7 the P % fai 7 % without a "$"" " mimum ni of 1 O day s *% % prior wr ttei n not cei to er and discl mer ia of surer's li $< ality bi for urel to dei *% <' $ prov $ % any $ ' > '' # < ' Lender > % may % Q % and $ G such not ce i; contani a 6 %'$ First Loss Payable / %' " $ Endor emen s t and r %' " $' endorsements as must " '$ name " < othe " < require > % ' property ' % shall $ such % casualty R ' % ' be '' *% ' $ $ all payable Lender ' as an add tional i insured and loss payee so that proceeds of ' $< insurance $ * < ' *"* < or * < to Lender to ts % '* 5 respect ve i interest. $ extent N $ of % '$E $ the 7 i $' > % % before 7 5 the $ 5 % or ' Dat $ requ , %% % % ' ' $ as 7 the % Q % $ Closing 5 (c) Borrower agrees to del ver i to Lender, on e, evid ence of er di insurance $ > % ' ? B ? , %% % fai 7 ' *% % before 77 $ 5 $ 7 % the *% 5 any $ ' $ provide % " % Q % insura prov dedi here n, i with an effective date on or Clos ngi Date. I+K f Borrower ls to cen or ls R ' $ fai + ' % < required , %% %M' K Borrower -K the to cont nue i any % Q % requ redi i+ ' % nsurance in force, Lender may do ' so at s ' expense . At on of r shall $ $ Lender 7 % > % N* ' $ opti *$ , " 5 ' > %, Borrowe " < < demand $ cost % sha ' % paid > % or ' '$ 7 * by reimbur e s > % Lender, on of < any such ll be igations l . ' insurance $ the % g" %' to 2 $ ' " , the added $ Ob < Lender # 0 D-4/4 ANY :D-: I+6 ,2002F/0 42 PURCHASES BORRO WER - .12F>/?&/4 ACKNOWLEDGES THAT F >/1?/0 LENDER SO -1A REQUIRED NSURANCE , LL 0/U +0/? I+14 0-1 / :D/ INSURANCE +14 0-1 / WI THE F+>> :2 THE -&-+14: ?- -&/ TO :D/ COLLATERAL, #DA4+ -> #02 +?/ PROV DE I LIM TED I PROTECT ON I AGAI ST N PHCAL YSI DAMAGE UAL TO #02:/ :+21 >+ +:/? # TO :2 AN -1 AMOUNT :2 - 2 1: EQ /U -> 2>>-:/0-> UP 26 THE 2,>+&-:+214E :D/ OB ,->-1 / OF /L > ?+1& THE LESSER 6 OF (1) THE 1#-+? UNPAID BALANCE ONS LIGAT ,I EXCL NGUI D ANY , :D/ >/44/0 -1A UNEARNED 1/-01/? FINANCE 6+1-1 / CHARGES D-0&/4 B :D/ ,2002F/0M4 EQUITY -> / OF 20 /U +:A I+1 :D/ COLLATERAL :D/ COLLATERAL -A NOT OR B (2) :D/ THE VALUE ; HO WVEER , BORROWER'S N THE 2>>-:/0->G 26 THE 12: BE D2F/ /0 2>>-:/0-> MAY ,/ -1A #02 +?/ +14 0/? :D/ INSURANCE -??+:+21 # ,>+ INSURED . Z1 IN ADDIT ON, I THE NOT PROV DE I ANY PUB C LI LIAB LITY I OR PROPERTY +14 0-1 / MAY >+-,+>+:A 20 #02#/0:A DAMAGE -A 12: ?- -&/ //: THE 0/U +0/ /1:4 26 6+1-1 +-> 0/4#214+,+>+:A -1? -A :D/ REQUIREMENTS -1A FINANCIAL I+1?/ 1+6+ -D21 NDEMNIFICATION AND MAY 12: NOT MEET OF ANY RESPONS BILITY I LAWS >-F4. (d) B 7 ' % 6 % $ % ' , %% % author 5 % For * %* ' purpose of insurance coverage on $ the Collatera , l Borrower zesi Lender dei to $ % > % to $ prov *% 5 # %' $ any < Person % oth $ $ regarding $ $ % $ Loan > or R Lender "' deems appropr ate, i Collat ral e, the er finan ical acco mmodations , or both . % % the **% *% $ whether $ % "" $ ' % $ + 7 %" $ > % all Informa noti 7.14 9 -"' $ any 7 any $ $ % , %% % ' $% ' $ of Arms' > $ Length R Dea ng li. Borrower shall not enter into nd wi th any , " " 5E < transaction $ " < member < ki! < family % $ $ wi $ % than %' of > % and $ % or the $ % %< business, * % writt " $ to $ Lender Subsidiary % or Affi iatl e, not in ordinary course th prior ne notice on fair ' ''E other 7 % whether 4 4+ $ %< "" obtainab $ the 7 5 % be and % ' $ %"' reasonabl e terms substanti llya as favor ble a to as would e l by Borrow r e at $ , %% % ' ' '$ $ < ' $ Borrower + a comparable $ time in "* % < , %% % %"E' -77 $ $ a " " %, Subsidiary arm s ' $ $% ' $ length transa oni tc with Pesr on $ % other $ than a family iate l. # 5' K Affi " < member 4 ' %< or $ Loans. $ K per > ' , %% % 7. 15 Use Borrowe r sha ll $ not use (a) for s, onal fam yil or d l pu rposes , or (b) ' > ' B( ' of $ Loans * %' 7 the ' the ) ' % househo % $ * %* ' ' + " < B to the or car ry Marg n i Stock or invest in her Persons rying Marg ni Stock or ce or % reti re any purchase % * $ ' % to $ + 5 '$ " ot $ % $ purpose K car % to # %' ' for * %* ' of % 4$ ! % 4$ ! $ redu % %%< < % $ % < + $ purpos indebdet ness incurred for .e + $ '' + %% 7 K that "* ' E 7.16 Subsidiar 4 ' % ' cause , %% % ' /0+4- ' all $ pay ER SA I Pl# ' ans. Borrower ' shall promptly pay and es i to bution i s adequate *% "*$ < * < Q $ to $ meet " $ * < contr not '' less than minimum funding ; fil % e each l report ed /0+4- with 7 standards '$ % ' under % ERISA $ each every % '* $ to # G $ respect and " the $ " " " annua K % * requir % Q 5 %< Plan P % each ERISA in connect on i wi th each Plan ; and notify s following # for year > % within $ ten *"' " to $ /0+4- $ day 7 the $ 7< Lender $ < %G <' $ mi + % termination % ' for $ %" $ of any of < any 0 * %$ Reportable /5 K Event that ght '$ $ $ consti ute t grounds tali Plan occrucern %% " # by * $ # ' Benefit Pension < cap , R$ < the % for 7 % the B ** $" K $ appropriat 4 $ ' $ Guaranty %* % $ Corporation or appointmen t < by the e Uni ed t Stat se ? '$% " Distritc Court a trust ee to ster ini any Plan. of **% *% $ $% '$ " ' ; adm < # C/0+4-] 7% " tim " ' $ /"* < + " - K of "ERISA" measn the Employee 0 $ % " K Re reitmnet Income 4 % $< Security Act , as ed from e to me. $ " ( 9 " K 1974 ' amend $ ti " to be filed " purus ant $ & ""< E , %% % ' pay > 6 % '$' 7.17 Legal Fees; Costs. Bor ower r shall : (a) , expe nses and s pai d or incurred $ following N* ' ' '$' 6 ' Legal * % > Fee "% * < the B8 costs in connect on i with any amendments , mod ficat osn i i or waivers of the provisio s n of the Loan Documents ; (b) costs, expens se and $ $ > $ the * + con $ Loan Legal 6 ' Fees pai d % %% or incurred in onect ni with collection % or % " $ enforcement of 7 the cuments , whe ehrt or not su t i is ' filR ; ed; $ > Do % $ ? " $' $ % ' $ * or N* ' ' % %% > (c) coss,t expe esns and Legla Fees incurred in connect on i wit h any vency ol Proc edeing inv olving a claim re the 6 ' paid #% + ' 5 < 5 5 " und $ % < Ins B '$'E B %$ > ? " $'; '$' Loan Docum ts;ne (d) st of ti and ' such sum court may e as es in oni to$ enfo rce paym nte of 7 su ' ' the ' Legal 6 ' > Fe ' " as any % 7 the $ " < adjudg * <" $ B cos < act %% 1 ' 6 ' N* ' ' Noes t % or any part thereo;f and cost,s expens se and l Fe es inc urred to ei ns and tyuri in $ % '$' terests under Lega > $ protect (e) $ l ' sec *% $ $ the % the ' % $< $ < * %$ + % G B( Y '$' Coate ll ral Docum ts.ne $ " ? " $' + $ < " " $' " R ' % $5 $' 7 $ *"55' ' $ > ? " $'G B '$' N* ' ' "" > % F " ten $ % 7% " Lend , ' '' " from 7. I 18 Lender /N ' Expenses. Within siness Day s aft er demand er to rrowe ,r rowre shall B Bu > % , %% % Bo $ Bo , %% % ' pay ? <' B % * < (or /N* ' ' 5 " %' reimburse > % Lender 7 % for paym ent K on Clos ngi Expe se ns not ouvilsy rece ived by e. r ' $ pre % 5 *% 5 ' < > $E * <" " < Lend 8 Edw dra Va adlao, Jr. - 0>2 4 RLOC's - 2013 /FO $ Cred it - " " Agreeme tn % $ 10 178 I > %, Borrower , %% % shall > % for 7.19 Other Acts. Upon request by purposes of , and ' cooperate ( * % Q '$ 7 % the $ * %* ' ' 2$ % -88 * % $ with Lender < Lender * $ establish '' %< @ % monitor " % any > granted + ' agreement * %7 $ and/or % this $' R '$ ' % $ under % " $ perform all acts which may necessary % or 5 ' advisable to , perfect " < be < Lien % $ % $ B " K > ? " $' or the $ % Collateral Documents , or to carry intent of Documents . $ the $ Loan K the ? " $' $$< out -0:+ >/ 8I ·= EVENTS 26 ?/6- >: ARTICLE DEFAULT AND REMEDIES / /1:4 OF -1? 0/ /?+/4 I 8.01 : following /5 $' 7 ? 7 7 $ 5 each will F be 5 $ of K default $ this + ' agreement under K Events of Default. The an event % " $ (an 5 $ of B 'Event (a) B $ the $ Loan > Documents ? " "' is+' not " within days K made any payment required under ; $ date "; the " $ when ; * <" $ % Q % $ 10 due <' after < (b) B % warran % any $ Loan 7 or the Financial Information representation or y t in the incorrect or > Documents ? " $' is $ 6 ' materially % " $ % < + %% $ %% $< < % *% ' $ C Default ) " misleading when " made or provided ; % *% 5 ; " ' taxes ' payment $ N ' of % assessed , %% % , %% % or Collateral (c) Borrower does not (i) (or cause to 7 Borrower '' '' on the ' K $ % prior *% % * <" $ of) 7 all * < B % B pay B Q " ' to $ be maintained) policies * ' K % the % Q % under $ when > Documents $ date ' % required " $ all $ Loan the delinquent ; (ii) maintain (or of insurance ? " E' B % cause B " $" *% " "' 7 % that % prior *% % to the $ date ' % on $ $ insurance $ when or " $ $ % (or and * < pay B % (or ' cause * <" $ payment of) premiums for ; (iii) maintain the Collateral due G 7 all B % $ and $ terms $ %"' and % with % * % the repair conditions cause the Collateral $ to be , all in accordance good $ ' of 7 the > " $ in ' $ $ % maintained) Loan condition $ ' agreement. 5 $ % Documents ; K or (iv) required % under < any covenant under this * % 5" when % " $ % Q % ? " $'; B+5 perform B+ ' individual + Borrower , %% % is (d) the $ death $ of (i) Borrower who is an , (ii) any general $ +' a * %$ %' * < % partner * %$ % of partnership, 7 that $ B if < , %% % BB) B any +K Borrower " that + capacity % a trust $ in , %% % ' $ $% '$ $% '$ acting + + % (iii) + 5 trustor partnership who +' is an , or is the trustee under , any individual * %' * $% '$ % under * $< ; < individual BD if $ the trust; % '$ (e) B '$ , %% % & % $< R of 7 any K Guarantor " " % or % general % partner the lien against Borrower or , any of Borrower * % $ N % $ filing , " %, or < tax < member (D B % Guarantor; , %% % or + $ $ < & % $ %; or ' initiated % any an Proceeding is by Borrower + ' 5 < #% Insolvency #" initiated + $ $ + ' 5 < Proceeding < Insolvency $ 30 against < any of Collateral and the not discharged dr within ; the E same ' " is ' $ 7 reco % % 8 days 7$ % the $ date $ filed '$ R G $ $ 7 '" < of <' after $ ' not # %' is ' % within $ % Person $ discharged 7$ % fil $ " G '$ against , %% % Borrower % or & % $ % Guarantor by 60 days ng i; <' after < another % Guarantor (g) Borrower , & % % Guarantor % or any Borrower or K , %% ' or % becomes " ' subject a & % $ % is 4 ' 5< of % , %% % ' E to " $ or 8 Judgment < Subsidiary B such " $ (as all % $ ' Judgments " $' or Judgments : B (i) for the payment of " < money in an aggregate amount . % orders) B % $ N $50,000 " $'; % %' exceeding B ' to * <" $ $ )) 00, ' to $ which the $ ' % % + * $ third-party $ % =* $$< ' % $ '* $ are ' not % (iB+ which not covered by independent insurance as insurer does dispute coverage , or i) that % $ 5 % < B+" 5 $ $ have, the $ % $ - 5 %' Effect % $ 5 % in or could % ' < reasonably be have, 5 $< individually or aggregate , a $ % Material Adverse , in+ either , (A) /77 $ and N* $ to expected $ % case ' B- ' Judgment * any % $ % upon 7 % " $ ' 5 % (B) $ % is ' a period * of 7 ten $ consecutive " enforcement *5 ' proceedings % are "" commenced by , or < such < creditor < any B, there % ' 7 K any % otherw ' " $ , by of a * " pending ** K appeal or se, i is ' not days % during which a stay of $ % " $ enforcement of Judgment $ % ' E $ in effect; 77 $; <' '$ < < such < reason the > Documents $ Loan 7 ? ^ ) defined R in ? " $' other (h) any C/5 $ "Event of Default" ' as $ $ that term than this $ %" is $ ' agreement % $ "' which $ is ' not < B % * % G cured " within any cure % or grace period; % ** % < applicable % condition $ of (i) any or performance of a $ %" term or , note , security * % %" K 7 any $ in % " $ $ payment ' % $< the % $ agreement * <" $ % < credit < default B % instrument % " $ or $ % agreement agreement , " %$ mortgage , deed 7 of trust, deed to secure $ debt, or % other '$% " $ evidencing % securing 5 or $ ' % ' % any $ % % " $ $% '$ < other - R $ ' K > 5 indebtedness, $ ' liabilit esi or $ ' 7 obligations of Borrower er % or any of Lender ; , %% % to + Lend > %; % < Affiliates $ '' (i) , %% %; / ' any Material Adverse Effect as to ; $ - 5 %' $ Borrower < (k) B! any /0+4- ERISA /5 $G Event; < "" Lend / %5 % is $ from $ days > % ' in default 7 $ under < % < 7 % " % (I) for more than r notice e, r Borrower any term $ ten 5 $ or % condition $ %", covenant <' afte B+ this $ ' Section can be % by $ payment 7 a sum I , which ' " of ; of previously ' % described in 7 this cured 7 money * <" $ of + ' agreement $ *% 5 ' < " $ not 4 $ 8.01 " < < the $ % 7$ % ( day ' deceased ' replaced ' Guarantor '' within $ 90 & % $ is % *E by (m) a & % $ % Guarantor ' dies, unless s the reafter (i) <' $ % B such < another B" $ $ assumes ' deceased '' " ' such ' discretion ' & % $ % ' ' % $ $ Lender > %E guarantor the > Loan acceptable , in+ $' its sole , that Guarantor s ' obligations * to $ $ ' under % of % the ' documents + '$% " $' and 5 %' agreements Guaranty delivers to Lender such , instruments assumption as 5 such executes N $ ' and $ > % % " $' evidencing " $' ' '' "*$ & % $< and ' & % $ % assumes & % $ % ' $ $R%"' the Lender may reasonably 5 Q % require, % or (ii) of the ' deceased Guarantor $ estate '$ $ 7 '' " ' and reaffirms $ deceased ' Guarantor's > % " < % ' < B the Lender; > %; " % reasonably % ' < * obligations % under the Guaranty + in a manner acceptable to $ ' $ & % $< (n) B , %% % ' a & % $ % Guarantor % 5 ! ' revokes or disputes the validity , or abili yt under, < any Guaranty s ' % 5 '* $ ' $ 5 $< of % li "< 7 & % $< guarantying % $< Borrower $ ' obligat onsi to > %G Lender; 0 2 'O 58 / % Edward Va adl ao, Jr. - RLO C' s - 2013 % Cr!edi Agr enl em e - % " $ % 5 1 1 ___ _________ _ __________________ ___. 179 (_____ " " % an 5 $ or % con for moer than not cei from e, r , %% % Borrowe r ' is in ult under y term, tion di 7 > % % % " % "" Lend defa $ %" covenant 30 8 days < <' after $ $ the %$ 7 $ can $ default $ *% 5 that if+7 (iB % ' < ) $ it i ' s reaso yab nl certai n that not I" provided * E and , %% % has % $ "" cu B 8 day * % ' commenced 8 < $ $ 30 be % cured < by , %% % Borrowe r wit hin that day period (ii) Borrower ring that default wit hni that odi $ $ 30 < per 8 day 7 % so * will + be *% ' $ $ default " that $ 30 ex N$ ' lo ' $ N* ' < and B % 7$ $ thereafter $ < diligently and exped tiously i proceed s $ to % cure that , then tended for ng as < period 7 90 $ % $ " N " " % that N % ' $ exerc 7 due di cure $ $ defau 7 $ * to $ a max ( day % Q % reasonabl y requ redi by Borrower in the sei of ligence to t. l up mum i of s aft er the <' % ' < < , $% % K the $ Event /5 $ of 7 ? 7 $; $ $ , %% % notice to Borower of Default; and (o) B ' 4 ' % ' % " $ of this agreement not previo slyu descr bedi in thi s Sec iont 8.01; $ *% 5 ' < force % ' decla ; effect 77 $ or (p) any Loan Docume nt cea ess to n full ed r void l a Authority ? " $ & 5 "" " ' ' + be i ' and % is 5 by - $ % $< or < > < a Government B* + $ % '$ in+ the $ invalidity, ; any $ Co $ % $ " $ $ < any * < party thereto all claim such unenfo lity eab cri or tyuri interest llateral created by the Collateral ' 7 % $< + 5 $< or " ' $ % $ sh ' $< < sec < + writing % $ tha " K pe 5 '' ' % sha * $ $ $, a val ' % $< Documents ' shall 7 fail % or ' cease to be, or ll be ass erted in t i $ t is+' not d i and rfected secur tyi in $ % '$ terset in the ? " $' % propert *% * " ' 5 % thereby ' % ' asse '' $' securiti , se st or es i covered ; $ % <; > % ' " ! % $ $ 8 Defau to + make " " a 8.02 Remedies . * Upon the occrrence u and the continuatio n of , t l Lender s ' obligation during ? 7 $ I 0 " ' $ $ Eve K ? $ $ to disburse ents m of Loan proceeds sha ll ' ! abate. * Upon the occurrence K of an nt of Default, Lende r may : (a) thout notice 7 > *% ' $ %% /5 $ > % + ' ' %' " $' " * < with $ , %% % 7 intent < *% '$ % notic of are % further $ any K which express 5 , %G N* '' < acc eraetl e or $ notice 7 of acce erat onl, i demand , pro est t or e of nd, all y l wa ved i by ;er % " % < ki! % $ < Borrow % the > % under > Documents ? " "' or % in equity -** $ Lender $ Loan % Applicab > or and (c) ex ercise all "" other ri% $' ghts and remedies R % affoded r to e l Law ; B; N % ' % " ' Q $ ' shall ' automatically > % $ Inso vency l Pro ceeding , (i) on i of re to ke additional i) all 7 Lend ma " ! terminated " $ and (iB #% $ " $ < be + ' 5 < < obligat B any $ $ presentment of % any K ' $ " $ < * < " due and *% ' $" $ *% $ '$ or $ of any 2 $ ' Ob igat ons li shall automati y llac become payab e, l without , demand kind, all " , protest < notice < ! E , %% % which % are N*% '' < expressly waiv ed < by Bor rower. 5 2,>+&-:+214 :D+0? ART CLE I 9·(= TH RD I PARTY -0:+ >/ #-0:A OBLIGATIONS 9.01 (E 2$ % Rights 0 $; and Defenses ? $ ' 4 $ Wa ver i of on i and Other . F 5 % 7 Subrogat (a) : % '$ $ # %' con '$ $ $ ' N$ $ a To the extent stituting , %% % Borrower const tutes i a Thi rd # %$< 2 % Party Ob igar l un der the n Docu m ents , : $ Person > % ? " $' $ Loa B + Sec 5 4 $ 7 % 7 ' ' 7 $ $ $ are % may that # $' 5 ' Person waives < any % $' rigths and defenses ' % described in oni t 2856 )a ( of the Ca ifornia l Ci vil Co de that % or $ " I) B) " < become 7 the ' 5 of K Sect I to $ " 4 ' 5 defe Ca avai able l to , inuding cl any % $' righst and ses n by reason of ons i 2787 , inclusive forn lia i Civ il Code . ' ' $ it $ 2855 5 I)) $ < < % ' : % Party , %" % " ' " ' (b) To the extent a # %' Person '$ const ng tuti i Borrower constitutes a Third ves all 2 %, that $ Person # %$< Obliger # %' wai : N$ $ rights % $' 5 ' B 2 secured ' % by ' and ' ' defenses $ K that # %' Person " < may hav e be cause the Third Party igat on li may % property : % : ' means 5 # %$< Ob " " ', among " < be *% * %$<. This < real '= $ : % 7% " a Third : Party $ Th 2 $ wi % '* $ to other : (i) Lender " < may collect Party wi th respect rdi Party thout first from 2 5 # %$< $ the R%'$ $ $ $ % things # %$< Obligation # %$< Obligar B > % 7 Lender $ Accommodated $ + + pl * %' *% * %$< * > % for - "" $ Party % ' on any foreclosing any % real % or personal property collateral edged by ; (ii) oses ecl on l % ' ' $ '$ < # %$<; < rea < the B if 7 the $ Third : % Party " $ am reduced $ only property collate alr * pledged < by an Accommodated rty: (A) ount of 2 R may - "" $ Pa C 8 $ % # <; < by # %$< Obligation " < be *"* < B- the < the price 7 % for which at the ur clsoe sal e, even if the ice; (B) $ % is $ collateral 5 7 ' worth %$ more $ sale 7 % ' % $ % is that $ $ collateral +4 sold ' $ $ fore " % than $ the ' pr > $ ' *% ; " B, Lender : $ 5 if 7 > % may the Accomm ted aod Pa rty with tc to Third Party Ob igation l even Lender, by l $ % '* $ $ from 7% " $ - "" ! $ respe $ the $ ' on the $ rea # %$< 2 # %$< " < collect < foreclosing a Thi : % ' de property collateral * pledged by Th rdi Party iger l has stroyed any rd Party ger i may e to 2 % '$% < 2 $ $ collect $ from 5 d ; the : 5 < right # %$< Obl $ # < Ob *% * %$< % " < hav < the C% 5 5 % % $' defenses $ uncond Accommoda ed t Party . This n is+4 an iona ilt an d irr evocabl e wa ver i of 7 an y rig sht and rdi Party gar li :"' sectio 7 ' ' a Th : % 2 % ' $ - "" # %$< < # %$< Ob ' % by : ' defenses % $' $ ' ' include ma y 5 ' have beca se u the : % # %$< Th rdi Party 2 % Ob igation l may be secured real property . Th ese rig hts and , but $ are % not $ *% * %$< " < " < < % % 726 of li " $ mited to, any ' rights or defesnes based upon ction s 580a , 58 0b, 58 0d, or il Pro cedure . % 7 ' ' 4 $ ' 7 % Code )I $ California ' 5 * Se )I 7 the of K Civ #% % )I $ < , %% % 7 % (c) Without + " + limiting the genera ity l of egoing sect on, i the Borrowe r und sterands and K the $ for ' $ $ acknowledges F $ $ %'$ ' % $< " $ if ! ' that B Third 2 $ % : % # $$< ' % the Lender fore oses cl jud cially i or nonjud ially ci against l property Party Ob gation li , that lcosure could > % '$ any % ' % % ' ' 27 $ $ fore $ W < < *% * < securing < rea $ $ : % # %$< ' ! reimbursement, 2 % " 7 % " % " %' " " cont $ indemnification ity l tha t a Third Party Ob igar l may 5 have to ibution r , or from the impair % or '$% < destroy any $< $% $ +"* $ seek < abi " < $ 0 $ that % others any $ $ a Third : % Party 5 for 2 % 7 % any Accomomdated Party or based on Reimbu sement r Right iger l may - "" $ $ %' ' # < Ob % 5 5< by < 0 " %' " $ # %$< < recovery " < have < 7 this the Lender. : The , %% % Borrow er further understa nd s and edg sel that ce of onti, such al i impairment $ ' sec ' potent ! ' > % ' 7 %$ % %'$ ' acknow " $ in $ absen ' "* %" or * $ $ % 2 %E' $ $ : % Party dest iocutnr of a Th ird Party s o'r rights, if 7 any , " < may ent tlei a Third Obliger to ense to : % % $' assert '$% $ # %$< 2 % ' K '' %$ a def $ enforcement 7 % " $ of $ the 7 the $ # < Oblig < 5 the Civ Bank 7 " #% % as > )I of $ Ca ' interpreted + $ %*% $ in Loan ? " $' Documents ' based on ction 580d liforn a i Cod e of il Procedure , 26 5 Se + Union , ! v.5E Gradsky 4 $ S ) &% '!< # %' N$ $ , %% % '$ $ $ : % % " $ $ the -**E '$ $ $ ' a Th $ ext CaApp. l. d2 40 B ( I (1968). By executing $ ' this agreem ,nte to ent a Pers no constituti g n Borrow er constitutes rdi Party 9 # %$< ,< N $ % Q ' ' Person free ly, irre yvoca lb and lly a: n io (i) s and relinquishes tha t defense ll be Obliger, that uncondit 5 ' $ <; 7 ' and U $ # %' $ $ agrees %% 5 < $ $ it $ wi 2 % % ' that 7% % $ > $ the $ : % % 7 % ' # %$< ? $ W < " < forec 7 % the % % ' t$ $ : % Party 2 $ G '$ $ Third $ ass nonjudic ylla i agains t < any rea l *% * %$< property sec tyiru for ; (ii) hat it+$ will ert tha t def esne in any not 7 ' ' % $< < # %$< Obligation '' $ $ B+ agrees < ? " $' $ > 5 '* to > % Lend action % or *% proceeding which er may comme cen to ec the Loan Docum nets with gation i ; 7 % respect Party $ enfor the $ Third 2 $ G # %$< Obl " < "" de $ (ii) i ! ' acknow edegls and ees that fesnes waived by re thi$ ' s agre m e ent i+ nclude any e that % ' agr 7 ' ' 5 % " $ rights the $' and " or % defens 7 ' $ $ < right < it $ und B" or " % '' %$ 7 any % mor $ of $ 4 $ ' , %% % K Sec Borrower may have % or be ent tledi to asse rt ' * baes d upon or % % ' arising out e of onist 580a 580b, 580d 6 of 7 )I , )I < one )I or % 72 " < 5 7 " % Sec 5 Co 4 $ I9I 5 $ Ca $ the % '* " to $ the " Ca fornia il Co de K of Civ l i #% % Procedure or iotn 284 8 of fiorn al i Civil de wi th respect Third Party ; and 7 the $ : % $ 2 R R G # %$< Obligation extend N$ 5 % in "' thi (iv) ! ' ackowndg eles and rees that nder i ) s rely ngi on s waiver ng i credit to$ an ted a Party % < > % ag Le - "" Accommod $ form % ' B "K of 7 # %$< in the B < "" 8 Edwrad Valada , o Jr. - 0>2 E4 RLOC s' - 2013 / D+ &F ,?E + Cr et di Agreemen t % % - % " 12 180 I : 7 % the ird # %$< Party 2 $ Obligation , and $ E that thi s 5 % waiver is a " % material part 7 of ' % the con onde i stair which > % Lend re is % 5 rece ng ivi for N$ exte ng nd i ' ' Th ' ' * %K su ch % $ credit $ to an Acco mmod teda Party. ' - "" $ # < (d) To " the N extent a # %' Persno constting itu Borrower constitut se a : % Third # %$< Party 2 % Obl gai,r that # %' Pesr on waives < any K right 5 ' '$ $ $ ' , %% % $ $ '$ $ $ : B 4 $ or ' dese fen it " < may 5 have K at law % or Q $< equity, includin g 7 " Californi a Code 7 of 5 Civil #% % Procedure Sec oni t 580a, to a 7 % fair " %! $ market value % hearing 5 )I 8E 7 % : % # < or $ act oni to $ %" deetrmine a R < defiency ci judgment after a 7 % ' % fore osure lc of any *% * %$< proprety that ' is $ % collaetral for $ the Third Party 2 Ob gati li on. $ $ 7 < W " $ 7$ % % $ 2+M (e) B : % # %$< The 7 % foregoing ' $ ' sections B (b) CC $ through B (d) ' shall ** < apply $ to a Third Party 2 % Obgali r to the N$ $ extent $ the > Loan ' is ' % secured : $ 7 - "" $ by a > Lien on % real *% * %$< proprety of $ the Accommodat d e Party. # % Lender ' is % Q % requirde $ to * % Lendre ' shall $ connu tie with % % regard 7 of ' such " $' amounts, all ' as $ though $ < they had ne ver been * paid, and $ ' this % " $ agreemen t ' shall 5 % $ % $' con nuei t to be 77 $ 5 effveei ct or be % '" ' reintsatde as $ the ' case " < may be. % $ 9.03 lnfonna tion Regarding , "% Borrow.re Each # %' Person '$ $ $ consng tituti Borrower % *% ' $' represents $ $ that: B (a) > % Lender ' has , %% % / 0 % + 7 %" $ ( 8 made no % *% ' $ $ represe ontatin to < any # %' Pesron '$ $ $ constituting , %% % Borrower ' as to the % $ %$ '' cred twoirthine ss of $ the $ % other # %' Person con isttuting the '$ $ $ $ 7 " $ $ % %% $ ' Borro,wre and B (b) no % oral *% " ' ' promises , '' % ' assuran ces, % *% ' $ $ ' repre enta sion st or warar nties have been " made < by % or on "C behalf 7 of > % Lender $ to 5 , %% 7 induce $ the , %% % Boror wer to N $ execute and 5 $ deliver $ the > ? " $' Loan Documents . : The , %% % Borrower ' has % 5 received and **% 5 approved * ' cop esi of all $ % other $ R request de Loan Docum.enst Before ' signing $ ' this % " $ agreenm e, t each # %' Person ' constituting $ the , %% % Borrower 5 '$ $ $ invesgat tide the fina cinal , 7 % > ? " $' % Q '$ ' condionti and ' '' business * % $ ' operation s of other # %' Person '$ $ $ con ngstitut i the Borrow re and such $ % other " R %' matters ' as it " deem de $ $ % $ , %% % K the $ $' appropriate $ to '' % assrue $' 7 itself 7 of $ the $< ability 7 of $ the $ % other # %' Person ' " contsituting $ the , %% % Borrower $ to ' % dischraeg its $ ' obliga sonti in $ connecti on **% *% $ $ with the Party 2 E Obligation . / Each # %' Person '$ $ $ const tuting i Borrow r e '' " ' assumes 7 full % * ' $< respon ibility s for $ $ that due dige li cne and $ % for , %% % : K # %$< $ $ Third keegpin infom red 7 of all " $$ %' mattesr which " < may 77 $ affect $ the $< ability 7 of $ the $ % other # %' Peros n '$ $ $ con tuistting any # %' Person '$ $ $ con tuistng the Borrowe r $ , %% % + 7 %" ! * < + B to * < pay and * %" perform + I its $ ' ob igonlat si to > $ Lender. > % Lendre ' has no $< duty $ to ' ' disclo es to < any # %' Person "" $ con tuing tist the , %% % Borrw ore any $ $ < info on rmati which > % Lender " < may 5 have K or % 5 receive $ about $ the R $ financi l a condition % or ' '' buisen ss * % R ' opera siont of $ the other # %' Pesr on K 7 %" $ $ * %7 %" , %% % constitutin g $ the , %% $ Borrow re % or < any $ % other % "'$ ' circumst nces a bearing on the $< abi ityl 7 of $ $ % the other # %' Person '$ $ $ const tutin ig Borower to perfom.r % '$ $ $ $ ARTICL E 10 • 12:+ /4 NOTICES -0:+ >/ = $ $ % All % Q '$' reqeusts, $ ' notice, s approval s, consents , and oth er "" $ ' commun s n ati oic between $ the # %$ ' Parties B $ 5 < (co velec ll,yi t "Noti)ce "s - C1 '] ' $' **% 5 ' under the $ %"' terms and $ ' condition s 7 of $ the > Loan ? " $' Docum nts e must be in % $ wrng it and " % maeild or 5 % delivered $ to $ the % '' address '* R spec fiedi in $ that " '$ % $ $ $ % Loan ? " $ Docum nt,e or $ to $ the % '' address ' $ design ted a by < any # %$< Party in a $ notice to the other # %$ '; Parties; and in $ the ' case 7 of < any % other # %' Perso .n > % < - to $ the % '' add ess r desingated by $ $ that # %' Pesr on in a $ notice to Borrow r e and > % Lende. r All 1 $ ' Notices will be " deemed + to be 5 given % or " made ' $ $ , %% % < * upon $ the % earlier $ to $ occur 7 of B (a) $ actual % *$ receitp < by the intended % * $ recipinet % or B (b) B+ (i) +$ if 5 % deive l red by hand % or < by % % courier, upon 7 % % Lender . Borower r requests $ $ that > % Lender % $ > % < accept, and > % " < Lend re may, $ at $' its option , *$ accept and ' is "" enittled to % < rely and $ act * upon < any 1 $ ' Notices * %* %$ < purpo y red tl given < by % or on behalf 7 of 5 $ *$ *$ " Borrowe ,r even 7 if $ not " made in a " % manne r '* R specied fi herein B (including 1 $ ' Notices " made 5 % < verbally, by $ * telepho e,n telefacs e, iim l email, % or 7 ' " % 5 , %% % < other $% elecctro in means 7 of "" $ communicat ion) , were "* $ incomp ete l or % were K not prece dde % or 7 followed < by < any $ % other B %" form 7 of 1 $ Notice *% % % " ' $ % $ % 7 -D $ * specdeifi herei , n %$ or the $ %"' terms $ % 7 theer of, as %'$ undtseor d by recipient, 5 % varied 7% " from < any R%" $ confirm tion a theer of. All telephonic % * $ ' % '* R < the Not ces i to an d % other * telepohnic commu ca io stn i n with > % Lender " < may be % % recorded < by > % Lender , and each # %$< Party con senst to ' such ' $' $ "" $ ' $ N 12+$ /4 % % recordin .g -::/04 ART CLE I 11 = - &/1/0-> GENERA L DEFINI ITON S, ACCOU ING TN MATTERS -1? AND ?0-6:+1& DRAFTING CONV NTI SENO - 2 1:+1& 21 /1:+214 ?/6+1+:+214 -0:+ >/ $ ' % " $ ' $ %"' 1101 . Defined : %"' Terms. * $ Capit zlieda terms R defined in C ' this ' $ seconti % are ' used in this agerement as ' so R define. d /N *$ Except U as otherwise R defined + in this agree nt,em or '' unless $ the $ N$ context $ % ' otherwise 7,U ++ /4E reques ir, each %" term $ B that ' is ' used + in $ ' this % " $ agreeme tn which " % ' % " E ' $ % ' ( $ is R defined " in - Article ( 9 K $ of the UCC ' shall 5 have $ the " meaning ' % asc bed ir to $ $ that $ %" term in - Art cle i 9 K of the UCC. $ +4 C- "" K "Accommoda ted # "C Party" " ' means B (a) a # %' Pesron '$ $ $ consittuting , %% % Borrower $ to $ the N$ $ extent $ $ that # %' Pesr on ' is $ the % $ direct R $ %< beanreyfici of " "" % the *% ' proceeds of $ the > Loan, ' as $ "* $ contlat m eped in 7 % Cal forni i a Un form i Comm rcial e Code 4 $ Sect on i 349,1 or B (b) a # %' Pesr on ' con itu tsing t %" 89 (E $ Borrower to extent $ $ that # %' Pesr on ' is $ not $ obligtade under a : % Third # %$< Party 2 $ Obgat li ion . % , %% % the $ N$ $ # "] ]- "" $ K 4 "" K $ "Accoatio mm dno Party" " ' mea sn a # %' Pesr on '$ $ $ congntsituti Borrowe r to the N$ $ exte t n $ $ that # %' Pesr on ' is not a % $ direct R 5 benefic ary i of a 7 %" disbu seme rt n of the *% ' proceeds 7 of $ the > Loan, ' $ "* $ as cont ateedm lp in 7 % Cafo lirnia Uniform "" % Commer al i c Code 4 $ Section 89 ( 3419. ' "' " $ $ Edwa dr Vaad l ao, RLOC's - 8 2013 - 0>2 E'% / % Jr. Cr et di - % " $ Agreent m e % 13 8 181 I C"< E- ' $ % ' % de % ' ; "Ad ust j" means to increase or cre e;sa "Adju ted s" " ' % ' + % ' % increase or dec rease. - W " % dec " ' " ' + % ' % ' G 'Adjustm me sna inc reades or eras; ed and nt "e me ans an C ? $ ] $ rate % $ of 7 in % '$ a LIB >+,20 0 $ + N > is+' or % may C- ' " "Adjustm nte Dat e" " ' means each $ date on whi ch the teer st on OR Ind exed Rat e Loan " < be $ this % " " $ ' agr Adju edts by Lender * %' $ purus ant to et.nem '! < > % ]-7R $ ] " ' i+ 5 % ind $ % # $' $ an direc "Affiliat "e of is anything nvid di ual means anoth er Pers on that tly, or rei ctly 7 a Person " % than % $ < ' % $$< # %' which <$ other % is % i ' ' und % "" Control $ $% ' $ Perso # %' '* 7 $% wi through one % or " % more i $ %" % ' ntermedi , seari Co ntrols or s % Cotnro ed ll by er common ht the n specifie d. B % < or > '^ P ' C- $ H: %"% " # K 7 t" ""% 7 the $ Unit '' $' cont 5 ' $ "AntTe -i rro is mr Law"s " mean (a) U.S.A. Patotir Act he foreig n assets rol regul iosnta of ed -", (b) $ 4 - < of B any B the % % ' ame % an % execu 4 $ $ N $ 5 4$ ; ? * %$" $ Staes t Tresua ry Depratm nt e (31 C.F.R., Subtitl e I 8, *$ % Chapter V, as nded} or y ena bling le ' $ sla gio i nt or ve i t order " :% ' %< < B8 ? % E $ $ % '% % mo (e) relating the reto, and any $ % other ' laws % relating to terroirm s or eny lau nde.gnri % $ " < $ % $ B < #0 > F $ ' % ' 7 5 2 ' ord % $ ' 7 % by ^c- N '$ exi & 5 "" "Appli able c Law" " ' means all sting and re l ' aws, orde s,r nanci es, rules an d reg sul otani of or revnmental futu < a Go > ' " -** $ ' l ' " ' Authority ; N *$ except $ $ that in $ %" determining the N " " Maximum Ra e,t Appli ca ble La w sha ll mea n those aws, % %' orders, ordin , nasec rule s and 0 $ % ' $ - $ % $<; -** * %" ' $ charg + $ % '$ > % % % % K > $ % ) regu ations l in eff ect ' as of the date here of or if there is a chang e i" n App ecab lil La w whi ch (a) tsmi Lender to e inte rets on $ 7 % $ ' B per permis $ ' ' * %" '' per $ ch % % (b) % $ of inter C $ % ' % ' " $' $ % '$ * %" $$ K otherw amounts which > % Lender would not se i be mitted to arge int er, st or eases the ble i s rate et,s the n B incr $ -**$ > ' the ci able l Law as 7 of i+$' ts 77 $ 5 effectiev da et. App $ new C, "E America 7 the K $ $ 6 % 0 ' %5 Sy "Board" measn the ard of Governors of dal er Reserve stem of the Un ited States . -" % $ Fe " ' $ Bo , % 7 & 5 % %' 4E $ ' of 4<'$ " C, %" %C 7 this *% " % " $ $ prea $ ' agree '* R " + the ' "Borrowe " r sh all 5 have the ngi n speci ed fi in m ble of m ent . $ mea C, %% "Borro gwni Ba se %$ R Certificae"t mea sn a cert ificate in form acce tpbael to de ,r pro perly compl ete d an d certi efid by " ' > % , ' R "* $ a B " $ Len *% * % < < sup $ % , ' " $ $ > of ' ** " $ % Q , %% 7 % $ Borrow ,re for * %* ' ' purposes of ca culat l ngi the Crtedi Borowgin Base , toge ther wi th all gnport i docu iota ntnm e requ ire d by Line , %% % 7 % < Lender. > % ^, ' '' % % ot whi "Business ? < Day" " ' measn any < day ot her than tud,rya dn a,y or her < day on ch com me cia rl banks "% % % % !' are $ % $ a Sa F$ 4 < 4 $ % < Su < E App 7 the $ St 4$ $ " " % are $ in fact B " closed ' in the % Cal authori ze d or % Q % requir de to close % under the icab l le Law s of ate 7 of Cali of rnia, or et of fornia i . $ " E -** $ > ' Sta ' $ % 4 $ % E ' ] $ ' $ i+ $ % satisfied $ $ > ' $ 'R or % > % condit " "Cloisng' means (a) $ the ! " $ acknowledgem nt e by re tha t all osn i prece endt to the nitial Loa n are " ' B < Lend % 5 % % wa vei d in accord cena wit h this , or (b} la Loa n i ' s " made, wh cheve i r is+4 earl ier. " > $ initi $ ' agreement % " $ % 5 $ $ B the U $ E ^ ' " ' $ K the $ Cl "Cloisgn Da et· measn the $ date of os ng.i ' ] C $ " to "Coed" mea sn the Internal Revenue Co de of ended from . " " ' $ $ " 0 5 7 1986, ' am B% " time time (I as M ' $ C % financia R "Con date olsi"d means, in connec noti wit h any defintion i, fiR nancial report l cove ant n, the onat n ii of 5 $ " $ $ $ comb U $ 7 the % or " ' < R $ ** " $ # %' ' $ $ % $ $ % applicab e l Perso , sn together wi th thei r 4 ' % ' Sudibs ari i. se E " 5 $ powe " ' the % the manageme * % "Control" 7 of a # %' Person wh ich is anyth ing $ % $ other than an invid di alu means r to$ direct t n an d +' " " $ <$ 5 $ % oth %' * policies of $ $ that # %' Pers,on di % $ < rectly or ind irectly , wh ether through iph of ng secu riti es, by tract or erwise , and 7 voti $ owners * ' 7 $ ' % $ ' $ % ' % $ % $ % the the + % $ < $ < con C $% ] C $% C the $ forego A % E %5 5 terms "co ng ntro " i ll and "dle have me ngs ina corr elative to g.n i 5 " ' $ %"' "control ](\^ $ $ *$ + Le > % " ' an + * $ 'CPA" means indepennt ed certifi ed pub ic l accoun ant t accep e ablt to dn er. %$ R * C "CPA Audite"d $ % ' * - $ C N au auded it by a #- CPA, including an dito 'sr op inion. < M C #- "CP A ( " Co edm "pil means com pil de by a #- CPA, includ gin a compilatio n report . "* $ " ' % * %$ "* < CUU#- + "CPA , < C Reviewed" means ewed i by a CPA a rev iew report. % % * %$ % 5 #-, including " ' rev < ? KC 7 time % $ C" or % $ 7 not K both "Defau t" l means an y event cond iotn i which , wiF $ th $ the * '' passage of the givi ng of cei or d cons ut itet $ 5 " ' F 5 or ' , woul < /5 K an Event 7 of ? 7 $ Defa t. l u ? $ ]?% " "Draw own d Date' " ' means in wh the case y Loa , n the chi that e. ' of > ish) mad on " $ date 7 an > " Loan < $ > C ^/ 5 % " $ 5 pre "Enviro ntal m en La w" mean s all icab el l Laws ate to B (a) the on ve, nti aba emetnt or m nat oin i of pollutio ,n App $ % eli 7 * $ $ " $ -** > ' that $ $ rel " ' *% 5 $ " $ $ % ' 5 * % $ % or the prot on i etc of environm nt ,e natural resou ces r (including wat er vapor , surf ace wa er t an d sub us rface water , surf ace and % 7 the B % % ' % ' $ * $ $ ' ' %7 ' %7 % " > $ % % hum " subus rface land, air , Q $ aquatic li 7 fe, wildl fe, i etatio , n and any $ % other bio a) t or na hea ht l (to tn relatin g to ur se to$ $ < $ exte N$ $ % ' ' % veg 5 $ $ N* ' " expo B$ the Hazardous $ % ' Maeria s)t, l or nat rual reso rce u dam gaes, d (b) , gen atio er , n handlin,g trea ment t , st'$ % orage, Re eales , % $ ; % ' % ' E D % ' $ % $ use " ' an $% $" $ 0 ' B the $ Comp transporta tion or % $ regu ationl of or exposure rd ous Mate alsi , r nclu ngid the ensi rheev En virotal nm ne Response ' i+ "*% ' 5 % D % ' N* ' % to, $% '* %$ $ / 5 $ " $ Haza 0 '* ' , % $ En / % 4* ' Act Compensation and Liabi tyi l Act, S.C. §§ ( 9601 el , . J the dagned er Species , 16 U. 4 S.C. §§ ., the dli )8 el 9 U. ' seq "* ' $ > $< - $ - $ 42 ' Q K seq 4 ' Q So ee ee 1531 0 5 %< 9 U. 4 ' %5 $ Waste ? '* ' Disposa l Act as " amen ed d by $ the Reso rce u Con resvation and Recovery Act , 42 S.C. §§ , . the Act. 0 ' % - $ ( et Air F '$ K seq $ Clean - % - $ - , ' ' QE < ee 6901 ) 42 4 U.S.C. ee §§ 9 7401 K et ' ] seq., the S.C. 4 E §§ 1251 et seq . , the To x i c Substance s Contro l Act , 15 U. C. S. §§ 9 ' QE Water E : N B Clean F $ % Act, 88 U. 4 '$ ' ) $% 4 - $ 33 - $ ee ee 2601 (K et seq the /" % < Emergency Planning Right to , 42 U. S.C. 4 §§ , the Presley - . . Act # and et ' Q , $ Community $ Know - $ 9 K seq. Carpenter "" $< 0 $ %* $ %=#% ' < ' ee 11001 Edwrd a Valda o, . - 0>2 G RLOC's - 20 31 / " Jr KSK % = % C Cr edit Agre em ent - % " 14 9 182 I D % ' 4 '$ : % Tanner Hazarsdo u Subacntse Account - K Act BD $ (Health 3 & 4 7 $< Safety Code e )8 §2530 $ et seq ,) . the D % ' Hazaus rdo Waets Cont olr Law BD $ (Health I & - $ F '$ $% ' QE E > Safety Cod e e ) §2510 et ' Q seq ), . $ the 4 Safe ?% ! Drinigkn Water and : N Toxic / 7 % " $ Enforcm ent Act K of (I 1986 BD $ (Health 3 & 4 7 $< Safety Cod e e ) 9( ) §25224 9.5 et F $ % $ - $ 4 7 $< $ 7 -" BD $ 4 ' ' seq ,) . the % % Underground 4$ % Stoareg of D % ' Hazasrd ou Substacnes Act (Health / & 4 7 $< Safeyt Code e ) I §25280 et ' QE seq ) . and $ the # %$ %= Port ogn eC rol- e ' F $ % $% Wa ert Qu tyi al Control - $ Act BF $ % (Water Code e 8 §13100 et ' Q seq ). . U $< C/0+4- -7R $ C "ERISA Aff ate li i " means < any tra de or ' '' B $ $ busiess n (whetreh or $ not + %* % $ incopr oratde) that, $ $ % together with < any > Loan # %$< Party, ' is " ' $% % % $ $ treated as a ' single "* < % empl eyor under 4 $ Seconti 414(b) or B (e) 7 of the Code, % or, ' < solely 7 % for * %* ' ' purpose s K of 4 $ Section 8 302 7 of /0+4- ER SA I and % ' % $ $% 9 9B (e), B" (m) % or B (o) 7 of the Code. $ 9 9 B 9 Sec oni t 412 $ of the Code, ' is $% $ treaed t as a ' sin egl employer under 4 $ Seciont 414(b), 4 $ ' % "* < % /5 $C 5 $C ]/0+4- C * " ' ' "ER SAI Event" measn (a) " the %5 occurrce en of < any "re eportlab evetn" as R definde in 4 $ Section 40 43(c) K of /0+4- ERISA % or $ the 9 98B B R'' % $ % ' regu on ait sl issued B % % thereu. nd re other tha n $ ' 5 $' ' those evetns as $ to whi ch $ the 8 = < 30-day notice period ' has been 5 waive,d with % '* $ respect + to a $ * % '$ % ' #Z G " " " Pla;n B (b) < any B % faiur le by < any # Plan + to satis fy $ the ** app icabl l e minimum 7 fund ngi standards % under 4 $ Section 9 412 % or 98 430 $ of $ the Code % or ' $ '7< < 4 $ $ % Section 8 302 % or 8 8 303 7 of /0+4- ER SA, I whether or $ not 5 G waived ; B (c) the filing * %' $ pursu nta to 4 $ Section 9 B 412(c) of $ the Code % or 4 $ Section 8 B 302(c) 7 of % $ R $ $ ER SA I of an appli ca ion t for a % waiver of the " " " minimum funding '$ % standard with % '* respect $ to < any # Pla,n E the 7 % fai uerl to make < by $' its due /0+4- K $ % 7 $ **R $ $ " ! date a % Q % required '$ " $ installm ent undre 4 $ Seconti 430(j) of U the Code $ wiht res pect to < any # Plan % or $ the 7 % failure $ to " ! maek < any % Q % required % $ % '* $ 98 $% $ contr buti on to a $ "* < 5 Mu tioye em l lp r Plan; (d) a $ %" $ determ nina oti that any # Plan ' is, % or ' is N* $ expected to be, in ] $ "at % '!] risk" '$ $ ' status B ' (as R defined in # G $ $ < $ $ B % Section 303(i)(4) 7 of /0+4- ER SAI or 4 Sec iont 430(i4) )( of $ the G Co;d)e (e) $ the %% incuernce by < any > Loan # %$< Party % or < any /0+4- ERISA Affili ate 7 of < any 4 $ 7 -7R $ 98 B B9 < 8 8B B9 B liabil ty i under Ti tel + IV 7 of /0$4- ERISA with % '* $ respect to $ the " $ term on naiti of < any # G Plan; B (0 $ the % * receipt < by any Loan # $$< Party % or < any /0+4- ER SA I + % < : $ 7 < > -7R Affil eita 7% " from the # ' Pension , R$ & % $< Benefit Guaranty % % Coproantoir or a * plan " E ' % $ % 7 administrator of < any $ not cei % relating $ to an $ $ intentino to $ %" $ ternate mi $ any Plan % or + to ** " appoint a $% '$ trustee $ to " '$ % admini ert s an y # Plan, % or the %% occre rcuen of < any 5 K event % or $ condition which could % ' < reaos nably be 7 < # < N* $ $ 7 % ' % expeed ct to '$ $ $ con tutei st grounds under /0+4- ERISA % for $ the $ %" $ termination of, or $ the ** $" $ appointm t ne of a $% '$ trustee $ to " ' admini ter, s any # ; Plan; B( (g) 7 % < the incurrce en by < any > Loan # %$< Party % or < any /0+4- ERISA -7R ' Affil ateis of < any 7< liability with respect $ to $ the wi thdrwal a or * partial withdr wal a from 7 $ % % $ %% $ % '* $ "" < any # Plan % or "* < % Mu empl lti eoyr Pla;n B+$ (h) the receitp < < by any > Loan # %$< Party % or < any /0+4- ER SA I Affiliate K of < any $ notice, % $ or the % *$ receipt < by < any # % *$ -7R $ < # Multiempl rey o Plan 7% " from < any > Loan # < Party % or < any /0+4- ERISA Affiliate of < any $ notice, % concrening $ the "* ' $ impo tion is of F $ % Withd awal r Liability or R "* < -7R $ K 7 > $< 7 8 # a $ " determinati no that a "* < % Multim ereypl o Plan +'is, % or ' is N* $ expected $ to be, " in " critci al % or $ endang red e status, $ within $ the " meaning of Se on cti $ $ K 4 '$ $ ' 7 8 ) 305 K of /0+4-; ER SAI; (i) $ the occce errnu of a N "*$ nonexemp t prohibited $% ' $ transac tion B (within B the " meaning 7 of 4 $ Section 9( ) 4975 7 of $ the Code % or *" B Sectino 9 406 $ of /0+4- ER SA) I which could % ' < reasona bly be N* $ expec ed t to % ' $ result in " $ % material $< lai bility $ to < any > Loan # Loan # %$< Party ' is ! < likely $ to K $ % # incur " $ % material $< liab ty li i other tha n in $ the % %< %' ord nairy cours.e $ % $ % - reaso ab nly be N* $ expec edt to lead to $< liab ityil under an y / 5 $ " > Environmenta l Law, and ' shall ' also include, $ $ without " limitation , ' ' ' asbesos t in $ % % ' < < any form tha t ' is % or could % ' < reaso y blan be N* expected $ to " become % friable K or ' '$ ' asbestos conaining t materials , * < % $ polychlorinated <* < ' byphnesyl $ $ $ " $ % ' < %" % or % radon ' gas, # ,' PCBs, * $$ " peerum tol , pet eum rol products, $ % natural ' gas and N* ' 5 explosi ev or radioactiv e ' '$ ' subst ces na and lead. * $% " *% $' % % $ 5 ^ #$ " C "Insolve cyn Procee ing" d means $ the + ' 5 < insolvenc y of Person, $ the ** $" $ appointm nte of a % 5 % rece, iver $% '$ trusee t , '$ cusodia t ,n " ' $ a 7 # %' ' 5 < seqes ,uortar conservato r or ' " % similar 77 official 7 of < any * part 7 of a # %' E' Perso 'sn *% * +,20 LIBOR + N Indexed 0 " Rate > Loa,n each * % peirod "" commnecing on $ the $ date $ $ that > Loan ' is or $ ** the applicab e l rate +4 is % $ recalcu ated,l until $ the " ] next - W '$" K Adsuj m tent Date % or, if % % earlier, $ % '* $ 5 the res vepeict Maturi y t ? $ Date. made % % $ $ " ? $ $ $ $< $ 5 '$" ] "Investmen t" meas,n as to < any # %' Per,son < any % $ direct % or d % $ indirect acq iti uions or + 5 '$" $ invest lb m ne y < ' such # %' Person, $ % wheer th by Q"' $ " ' ' $ % < " ' % 7 mea sn K of B (a) $ the * % ' purase hc or $ % other Q ' acqui ion tsi of * $ capital '$ ! stock M or $ % other sec urities of $ % another # %' Pesro,n B (b) a loa,n 5 advance % or ' % $ ' 7 % capitla $% $ contriubtio n to, gu arnee t or '' "*$ ass onumpti of $ debt 7 of, % or * % ' purchase % or $ % other Q ' $ acqui onitis of < any $ other $ debt % or Q $< equ tyi * $ % $ 7 % W $ 5 % # %' particitionpa or + $ % '$ interest in, " % anotehr Pesr ,on + including < any * %$ %' * partnhiepsr or joint venture "R '$ inteer st in ' such $ % other # %' Person and < any * $ * % + E ( arragn eme tn pursnaut to whi ch $ the + 5 '$ % inves ort gu aran ees t indebted ess n of ' such $ % other # %' Person, or B (c) the purcahse ; or % other % $ ' %% " $ " $ '' * %' $ $ % * % ' % acqion ituis (in one $ ' " transac iont or a ' % ' series of 5 ' ' E '' ' transosnact )i of asse st 7 of % another # %' Pesr on C that ' " constitute a ' '' business un t;i *% 5 E prov ded, i Q ' $ B+ $G R 7 % * %* ' ' that for purposes $ of 5 $ cove tnan compl ance, i the " $ amoun t K of < any + 5 ' " Inves me t nt shall be the amoun t actu yl la invested, $ $ without "* $ ' $ " 5 '$ $ < adju ment ts for ' ' Q $ subseq ent u increaess or % ' ' deceases r in the 5 value 7 of suc h Investm t.en B % W '$" $ ' ' % ' + 5 '$" $ Edw rda Valada . o > Jr. - 0>2 E' RLOC's - 2031 +8 / % % ] Credit - % " $ Ager m e ent = 15 ) 183 I8 l E$ " C " $C % % % K < % " % $% ! % % "Judm gnet" means a judgm ne, t ord, er writ, injuntcion , decer e, or rul e of any court, arbitrato ,r or & 5 % " $ Governm ntal e " ' W " Auth ty. ori - $ < C ' %' " ' $ cl %! not law "Legal 6 'C Fees" " ' means < any and all ' counsel, attorn ,ye * % paralegal and erk 7 ' fees and disbursm e ents , i ; ncluding , but % < % any % 5 5 limied t to fees and ' %' " $' disbursesmen t at " the *% =$% E pre-trial , ** $ trial, appellate , discret onary i review, or level, incurred % or paid by 8K * < ' R %< " B ' < other pr transa $% ' $ ' Lender " in draft in g and $" nego tating i the > Loan ? " $' Documen ts, ' closing the tion cs contedemt pl a hereby, and ogntec it and $ "* " % < $ % " > % $ % " $ > enfocirng its % $' rights and + $ % '$' interest s % undre the Loan ? " $' Docum nts e. ' C> %C K assigns "Lender" ' shall 5 have the meaning '* R specified in preamble 7 of thi s agreement and any ccessors and of any $ ' '' ' 7 ' '' %' the % " $ " $ *% " < su < of its rights and $ ' obl gations i under $ ' this % " $ agreement. % $' % $' E M ]> I + $ % $ app ** % 7 % < "LIBOR " " ' means, for any + $ % '$ Inteerst Period , P the % $ 7 rate of interest earing on Bl, " % oomberg L.># P. (the e') # Page B$ "Servic # $$ % * 7 % < BBAM1 la /(0ffi ic BBA 4? USD ? % Dollar Libar Fi xing)s (or on any ' '' % succesors or ' '$ $ $ subst tute i page of $ the Se rvic ,e or any succe ssor to ' '' % < $ or K 4 % ,,- +B2+R + 6 N ' ,,- B % C" cu < *% 5 $ those such 7 the $ Se ' * substitute 7 % for $ the 4 %5 Service *% 5 " prov ng di i rate Q ' quotations "* % compar ble a to rrently provid ed on page of rvice, ' $ selected ' '$ $ $ % 4 %5 by > % Lender 7% " from ti$ " me $ to tim e 7 % for * %* ' ' purposes K of *% 5 prov ng di i quotations of intere ts % $ ' rates ** appl cab i le to dollar deposits an amount 7 $ % '$ " * ' $' in Q $ $ ' $ % Q " $ equal < 7 % % ; to $ the > Loan + in $ the > London $ % ! interbank " %! $ market) $ at approximately 00 : a. " m., > London tim e, ' as the e for dollar * ' $' deposits with a rat % $ + $ " **% N " $ < 11 > %E' $ " to matyturi comble pa ar to the ** $% $ applicable contract * $ G period; *% 5 provided , $ that >+,20 LIBOR may be Adju ted s from time me in Lender's "* % 7% " ti$ " - '$ $ B " $ % $< " < '$' disconreti for % ' %5 5 Q 5 " ' reserve requireme nt s, deposit ' % insurance ass essment rates and $ % other $ "%< regulatory cost .s P % 4 %/$ % "' '' ''" $ * ' $ ; C>U,20 $ + N "LIBOR I+ N ndexed 0 Raet" mea sn $ wiht resp ect to the > Line 7 of % $ Cre ,t di the Line 7 % $ of Credit LIB OR Ind exed 0 $ Raet and >+,20 with $ % '* $ " ' + $ respect $ to " the : %" Tem r > Loan, the Term LIBOR + N Indeed x Rate . 0 $ > >+,20 % '* $ : Loan ]>+,20 'LIBOR + N Indexed 0 $ Rate > E Loan" " ' means a > Loan wh chi %' bears $ % '$ interest $ at a LIBOR ed x Rate . + N >+,20 Inde 0 $ ] C *% 5 "Lie"n " ' measn < any mortgage , * pledge, '' " $ ass gnm i nt ,e depos t i arrangem ,nte privileg e, enc umbran ce, lien (sta utrtoy or %% " * ' " % % " %$ B' $ %< other), ch arge, ; or *% 7 % prefecrne, prityoir or oth er ' < security + % ' inetrest % or *% 7 % $ prealfere itn arrangem nte in the nature K of a sec tyuri interets of $ % " $ % % $ % + $ % '$ ' % $< *% $< " $ % any ! kind % or " nature $' whatso ever (including < any $ cond onal i it sal e % or other title % $ $ reton enti agre m e, en t easent m e, or ' K way % " $ any R $ of B right < < ' " $ < % other " % encumbr ec n a on tiF tle $ to % real *"* %$< property , and any financing lease 5 hav ngi substant allyi the same " econom c i effect as any the 77 $ ' 7 $ $ ' " ' '$ $ < R ' $ < < of foreng) goi. 7 5' " E C C "Loa"n " ' means a > Line 7 of % $ Credit > Loan % or $ the : %" Term > Loan. C> $ 5 "Loan ? " $'C Docum "nest mea sn this agreemen t, the 1 $ ' Note,s the Collateral ? " $' Docum nts e, the & % $< Guarant,y and all $ % other " ' C $ ' % " $ " $ agreem nt se and '$% " ' instruments % Q % required < by > % Lender 7 % for * " ' ' purpose s 7 of 5 evidencing % or securing ' % the > '. Loans % " $' C> # KC "Loan Party" " ' mean , s + 5 < ind dually vi i and $ 5 < collectively , Borrow er and Guarantor and a % $ % grantor 7 of a ' % $< secur ty i $ '$ interest + in the , %% % & % $ % Coaetll ral. $ % C> '' 'C "Loses" mea sn < any and clms ai , ' ' sutsi, liabilities B $ $ (including , without limi on atti, stric t " ' liabilitie , )s actons i , proceeding , s all " ' '$% $ " ' +" $ $ $ ' "' *% " ' obliga ,siont deb,st " ' damage , s '' ' losses, '$' coss,t expesnes, fine,s * $ ' penales, ti arges, fees , Judgme ts ,n awa rds, ounts pai d in + " $' % ' am " $' R ' ' ch % ' N* ' ' ' $ ' * settlemen t $ of $ 5 % whatevr kind or $ % nature B (includ ngi Legal 6 ' Fees . ) ! % > ' " " $ E "Margin 4 !C Stoc"k ' shall 5 have $ the " meaning '' assigned to such term Regulation U. + 0 $ $ %" in $ ' C $ % "Matial er Adverse / Effect" " ' means < any ' set of um sta ce sn or 5 $' events which (a) ' has or reasonab y l be expe cdet to % B % could % ' < % "'$ ' circ - 5 %' $ N* $ have any material adve se r effect ' as to the 5 $< validity % or 7 % $< enforcaebi lity or right % or $ " < remedy of er under < any Loa n ? " $ Docm u net or % any $ $ B K Lend > % > 7 5 < < " 5 %' any " $ $ materia l term or $ % condit oni therein agains t the appliacble # %' ; Person; (b) ' is % or cou dl % ' < reasonab y l be exp ected to material and $ be N* $ " $ % K '$ $ ** $ %" % < to the finacinla cond tio,ni business ass ets, * % $ ' opera onsi, t or *% * %$< property of applicable Person, + includ ng i any mater al i adverse $ R 7 the $ ** 5 %' # %' $ ' '' % " $ % '' $'Y < portion 7 of the Co ; at laller or (e) materia lly impairs % or could % ' < reas y olban be N* expected to mat erially i+"* % mpair the of the applicable $ % G "* %' * " $ % < % $ ability $ ** $< $ B " $ < Pesr on to perform $ the 2 $ ' Obligation .s # %' * %$ %" ? $ C % " "Ma tyurit Date" " ' mea,sn with respect to the > Line $ of % $ Crt edi and Term Loan, the Line of Crt edi Matruity Date or % the 7 % $ $ > : %" > % '* $ $ $ Term : " $< ? Loan $ % $< Matu tyi r Date, % '* $ 5 < respecti ,leyv or < any $ % other % % earlire da te when, % under the terms 7 of thi s " agreem ne, t entire * unp d ai prin palic $ ! %"' the *% * > $ + ' $ $ % ? % amonut of $ the > Line of % $ Cred t i and Term ,n % '* $ 5 < respect , yeliv is due. : %" Loa 7 > " $ ' "E" " "Maixmum 0 $ ] Raet" " ' means that rate * % per " annum " whic , h % undre Appli ca leb Law, ma y be % chagr ed with out subjecting > % Lender -** > ' W $ $ $ % $ " < > % ' to % civil or % " criminla liabil ty,i or " $ lim ngit i Lender's R $' rights % under the Loan ? " $' Documents ' as a result excess of ximum 7 being N '' % ' $ of in $ $ > K the " N " " ma $< % interest rate wh chi Bor rowe r ' is pe m r itted to $ $ contract % or % agree to pay; N *$ except that imum 0 $ Raet on any ntu upon which Max $ $ the N " " * %" $$ $ % '$ $ $ * $ F " * % $ $ $ "Mulm etiplo ery Plan" " ' measn a multi m e er yplo plan as end in 4 $ Sec oni t 4001 (a)(3) K of /0+4- ERISA su bject B to the sionsi E " R % # C ' defi ' W $ $ prov *% 5 ' ' " "* < $ ? 9 B B8 of : $ Title + K IV of /0+4- ER SAI and + in 5 '* respect 7 of which < > any Loan # " Party or ERISA Affil eita i ' s an "em oy"eplr as 7 defined i+ n Sec tion 3( 5) of K K any -7R+ C "* < %C ' 4 $ 7 < /0+4- 8B) ER SA.I /0+4- Edw ard Vala ao d, Jr. - 0>2 G RLOC's. = 2013 + 8 / " Cred t i Ag eeme r nt % C - % " 1E 6 c I9 184 "Note" " ' mea sn U the > Line K of 5 Credit 1 $ Note " or the Term > Loan 1 K E Note, ' as the context " < may % Q % require, and < any $ % other 5 evidence 7 of ]1 ! $ : %" $ N$ " '' 5 % indebtedness delivered in $ connection $ with $ ' this % " $ agre ment. C2 $ '] "Ob igations l " means all ' loans, 5 ' advances , $' debts, $ '' indebtedness , $ ' liabi ities l and $ ' obligatio s n 7 of , %% % Borrower to Lender % ' arising " ' $ > % pursuant $ to < any of $ the > Loan ? " $' Documents B $ % (whether % or K not 5 evidenced < by a $ note % '$% " $ or instrument and $ % whether % or $ not 7 % for the * <" $ payment 7 of * %' $ money), $ % whether now N ' " existing % or % $ hereafter % ' arising, $ % whether % $ direct, % $ indirect, ' $ % absolute or $ $ cont ngent i , due % or $ to " become due, " < related, % $ unrelated , RN fixed, Q $ liquidated , Q ' unliquidated , joint , ' 5 % several, % or W $ joint and ' 5 % several. % W $ E# "E $ ·~ % 7 %' refers < only to · a " named * < party $ to $ ' this % " $ agreement % or $ % another > Loan ? " $ Document , ' as P $ N the context % Q % ' requires. # %" $'E "Permits " " mean < any and all 7% ' ' franchises , ' ' licenses , ' ' leases, * ' permit , s **% 5 ' approvals , $ R $ ' notifications , ' certifications , % '$% ' registrations , authorizations , N "*$ ' exempt ons,i qualifications , ' " $' easements, % $' rights 7 of < way, > ' Liens and $ % other % $' rights, *% 5 ' privileges and **% 5 ' approvals % Q % required $ to Q R $ ' $ % $ ' be obtained from Governmental - $ % $< Authority % under < any -** Appclabl ie Law. > E 7% " a & 5 "" $ ]# %' C + " W "H'$ ! "Person " " ' means an 5 individua , l a %* % $ corpor tion, a limited < liatybili company , * %' * partner hip, s joint venture, '' asation, soci jointsto -kc W K 5 % "* < company , $"'$ trust, %* % $ unincorporated % $ organi ation z , or $ % other ' '' business $ $< entity, or a 5 % " $ government % or < any < agency % or * $ political ' 5 ' subdivision % "* < thereof. % ]/ c C " ' < "* < * ' * B % $ "* < ; # ' W $ $ $ *% 5 ' ' 7 : "Plan" means any employee pension benefit plan (other than a Mu tiemployer l Plan) subject to the provisions of Title IV F of /0+4- ERISA % or 4 $ Section 412 of $ the Code % or 4 $ Section 8 302 of /0+4- ERISA and + in $ '* $ respect 7 of which any Loan # %$< Party % or < any /0+4- ERISA -7R $ Affiliate ' is < > 7 9 7 9 ( 4 $$ (or $ if ' such * plan % were " $ terminated wou d l % under Sect oni 4069 7 of /0+4- ERISA be " deemed $ to be) an C "* < %C "employe r" ' as R defined in 4 $ Section 8B) 3(5) B % 7 of /0+4- ERISA. C#% NC "Prepay " " ' means $ to " ! make a #% * <" $ Prepayment. C % <% $C " ' "Prepayment" means a * <" $ payment of all % or a * %$ portion of $ the * unpaid *% * principal balanec $ of a > Loan *% % prior $ to the date when E due, $ whether 5 $ %< voluntary , < by % ' reason $ of % $ accelreation, % or $ $ ' otherw es. i $ % E0 $ $ $ " " ' 0 $ "Regulation C U" means Regulation U 7 of $ the , % Board ' as 7% " from $ " time to time in 77 $ effect and all 7R offic al i % ' ruligns and $ % $ $ ' interpretations % % thereunder and B % $ thereof. ]0 ' C "Release " " ' means < any * placing, '* spilling, ! leaking, ' * seepage , * "* pumping , * % pouring, " $$ em tting, i emptying , ' % discharging , W $ inject ng,i "* escaping , leach ng,i dump ng, i disposing, * ' $ depositing ; or " % $ migrting a in, $ into % or $ onto % or $ % through $ the / 5 % " $ environm nt. e "* '* ' ' * 0 $' C0 " %' " $ "Re mbursement i Rights" " ' means all % $' rights 7 of ' % subrogation , all % $' rights 7 of " $< indemnity , and < any $ % other % '$ rights to " $ collect nte or $ $ contribution 7% " from $ the - "" Accommodated # %$< Party % or < any $ % other * %$< party $ % for < any % 5 %< recovery < by % lender '$ $ : % against the Third reimbursem % % " %' " $ Party 2 % Obl gar, i whether $% $ contractual % or % ' arising < by * % $ operation 7 of law B (inc uding l the $ 4$ $ ' United States , !% *$ < Bankruptcy Code % or < any ' '' % successor $ $ % # %$< or ' " % similar ' " statute) % or $ % ' otherwise . % C ]4 "Subsidiary " K of a # %' Person wh chi is <$ anything $ % other $ than an indiv dual i means a ' '' business $ $< entity 7 of whi hc a " W % $< majority of the ' " ' shaes r K of ' % $ ' securities % or $ % other % '$' interests 5 having % %< ordinary 5 $ voting * % powre P % for $ the $ 7 election of % "' directors % or $ % other 5 % governing < body % are $ at the ' % ' time 7 < beneficially owned, % or $ the " " $ mangement a of which ' is $ % ' otherwise "% controlled , % $ < directly, % or + % $ < indirectly < by $ $ that # %' Person. '' Unless 7 " ' otherwise ed , all % $ % ' reference s $ to a ]4 ' % Loan ? " $' Documents (a) $ $ that i+' s % Q % required B to be * %" perform de by one " ' B8 < 7 but " not all 7 of $ the # %' ' Persons '$ $ $ constitu ing t Borrower B %% '* 5 (irrespecveti of $ % whether the * %$< $ party not % Q % required $ to * %7 %" perform $ the $ obligation has $ , %% % ' $ on), i (b) ' as $ to which one 7 of the Persons '$ $ $ constituting , %% % Borrower ' is an pledged or hypothecated Z % Z collateral ' as ' % $< security 7 % for such obligat % <* $ ' $ # %' ' * B $ Accommodation # %$< Party and $ the other +' is an Accommodated Party or B (c) ' as to whihc one K of $ the # %' ' Persons '$ $ constituting , $% $ Borrower ' has - "" # %$< % - "" $ hypoth eated c its *% * %$< property ' as ' % $< sec tyuri for ' such $ obligat ion % Q % required to be * %7 %" perform de by $ $ % the other # %' Person '$ $ $ contituting s Borrower. % $ , %% % $' <* $ < : % # " Party 2 %] Obl gar i " means an - "" $ Accommod tion a Party % or a # %' Person '$ $ $ contitutin s g Borrow r e to the N$ $ extent that Person ' is "Third " ' , %% % # %$< $ $ $ # %' " % otherwise obligat de under a : % Third # < Party 2 $ Obligati n.o $ % ' $ ] c cUC & 5 % "UCC" " ' measn the $ %" Uniform "" % Coam l me cir Code ' as $ enacted in the Gong verni Law 4$ Staet. > C 4 "U .S.A. # "E Patriot - C Act" " ' measn $ the " Uniting and 4 $ " -" % Strength ning e America by #% 5 " Providing -**% *% $ : ' Appropat eri Tools 0 Q % Requir de $ to < =) Intercept and Obstru tc : % '" Terrm osri Act 7 of 2001, # Publ c i > Law 107 -56 B' (signed into law on 2 $ % October 26, E 2001). - $ 2 '$% + $ % *$ > $2 ' RLOC's - ES 2013 / % Cred t i - % " " Agreem t ne " 17 185 I) 11.02 Accounting %! %' Matters. All accounting terms not '* R < specifica y ll R defined % herein will be ' % construed in % accordance - $ + %% ' $ - $ $ $ + 5 E' with &--# GAAP. - All financial covenants ** ! applicable $ to an + 5 individual + will be $ calculated ' based on that individual's ' '' business, N exc uding l R 5 $' R' personal '' $' assets and $ ' liabilities , %% % Borrower will $ not change the " % manner in which $ % either the last < day K of ' its fisca l < % year % or " the '$ last <' days + 'K * %' of B the first fiscal Q %' quarters 7 of $' its R' fiscal < %' years ' is $ calculated . +$ If 8K at < any time any change + in &--# GAAP would 77 $ affect the computat on i " < $ "* $ $ $ % R' K R%'$ three of < any financial ratio % or % Q % " " requir ment e set 7 %$ forth in < any > Loan ? " $ Document > % Lender " < may " amend $ $ that % $ ratio % or % Q % " " requirement $ to *% ' %5 preserve $ the ' $ R % original + $ intent $ % 7 thereof in light 7 of $ $ that change. " % > 1103 . Drafting 5 $ ' Conventions . '' Unle ss N*% '' < express y l '$ $ stated $ % therein % or the $ N context $ % ' otherwise % Q $ ' requires , the Loan ?% 8 Documents will be $ %*% $ interpreted in % accordance with $ the following (the C "Drafting Conventions") : (a) the words C ] C ' C "inc ude l ," "includes ," $ % ' 7 B$ ? " $' % " 5 $ 'C ; B and ] C "including " % are $ to be % ' read as ) if $ < they were followed < by $ the * % ' phrase C "without " $ $ limitation "; C; B (b) ' un ess l otherwise N*$ '' < expressly ' $ stated, $ % ' % 7 terms and *% 5 ' ' provisions ** applicable to two % or " % more # %' ' Persons ' shall ** < apply on an indiv dual i, as well ' as 5 collective ' '; basis; B; (e) ' headings and ' $ %"' $ + captions % are *% 5 provided 7 % for 5 convenience < only and do $ not 77 $ affect $ the " meaning of $ the $ N$ text which "G follows; BB {d) % % ' referen es c to an *$ ' agreement % or ' % " " instrument " ' means $ $ that % " $ agreement K '$% " $ or instrument , $ $ % together $ with all N$ 'N ' extensions , % ' renewal s, " R $ ' modifications , ' '$ ' subst tutions i % " $ and " " ' amendment s thereof, ' W $ subject to any % '$% $ ' restrictions $ % thereon in $ $ that " " " agreement % or ' "" instrument % or in $ the > ? " $'; Loan Documents ; B/ (E) -1 ANY + < $ % 7 REPORT 20 OR ?2 /1: DOCUMENT :2 TO ,/ BE 0/ /+ /? RECEIVED ,A BY >/1?/0 LENDER 4D->> SHALL ,/ BE 4-:+46- :20A SATISFACTORY +1 IN 620 FORM -1? AND 21:/1: CONTENT : TO 0/#20: LENDER ; B6 (F) FD/0/ /0 WHEREVER B+ {I) >/1?/0 LENDER /L/0 +4/4 EXERC SES I ANY 0+&D: RIGHT &+ /1 GIVEN :2 TO +: IT :2 TO -##02 / APPROVE 0 OR ?+4-##02 / DISAPPROVE, B++ (li) -1A ANY -1A >/1?/0G ARRANGEMENT OR :/0 TERM +4 IS :2 TO ,/ BE 4-:+46- :20A SATISFACTORY :2 TO >/1?/0 LENDER , 20 OR B+++ (lii) -1A ANY 2:D/0 OTHER ?/ +4+21 DEC SION I OR ?/:/0 +1-:+21 DETERMINA TION 20 -00-1&/ /1: 20 ,/ 2:D/0F+4/ #02 +?/? /L#0/44>A IS :2 TO ,/ BE -?/ MADE ,A BY >/1?/0 LENDER , :D/1 THEN /L /#: EXCPET -4 AS -A MAY BE OTHERW SE I EXPRESSLY -1? AND 4#/ +6+ ->>A SPEC FICALLY I PROVIDED +4 THERE N, I THE DECISION :2 TO -##02 / APPROVE 20 OR ?+4-##02 / DISAPPROVE , ->> ALL ?/ +4+214 DECISIONS :D-: THAT -00-1&/ /1:4 ARRANGEMENTS 26S OR :/0 4 TERMS ARE :D/ ?/ +4+21 -0/ :D/0/+1 SATISFACTORY 20 OR 12: NOT 4-:+46- :20A SA SFACTORY TI , AND ->> ALL 2:D/0 OTHER ?/ +4+214 DECISIONS -1? AND ?/:/0 +1-:+214 DETERMINATIONS -?/ MADE ,A BY >/1?/0 LENDER , -1? 4-:+46- :20A SHALL ,/ BE +1 IN :D/ THE 42>/ SOLE ?$4 0/: 21 DISCRETION 26 OF >/1?/0 LENDER , WITHOUT REGARD 620 FOR :D/ THE -?/U - A ADEQUACY 26 OF -1A ANY 4/ 0+:A SECURI YT 620 FOR F+:D2 : 0/&-0? 4D->> '! OBLIGATIONS ; B( (g) 5 % whenever < by $ the $ %"' terms 7 of $ the > Loan ? " ' Documents , , %% % ' Borrower is *% $ prohibited 7% " from taking an $ action % or THE :D/ 2,>+&-: 214 permitting $ the %% occurrneec of ' " some % "' circumstance , , %% % Borrower ' $ shall $ not, % < direct y l % or + % $ < indirectly take that $ action % or * %" $ permit $ $ that $ ! " $ 7 * %" $$ ci rcumstance , % or % $ < directly % or % $ < indiretcly * %" $ permit < any 4 ' %< Subsidiary $ to $ ! take $ $ that $ action % or * %" $ perm t i $ $ that % "'$ G circumstance ; (h) 5 evidence K of $ the % "' B occurrence of < any 5 $ event, % or $ the N ' existence % or N '$ non stence ei-x of any circumstance $ to be 5 % delivered to > % Lender occurrence % or = %% non K 7 %% < % "'$ must be in a 7 form ' $ '7 $ %< satisfa tory c to > %G Lender; B (i) '' unless '* R specified $ % ' otherwise , % % ' referneces to a '$ $ $ statute % or % $ regulation " ' means $ $ that '$ $ $ statute % or $ $ " '$ regulation ' as " amended % or ' ** " $ supplem ed nte from $ " time $ to time and < any %% '* corresponding *% 5 ' ' provisions K of ' '' 5 successor statutes or $5 % " '$ $ ' % % $ regulation ; s U) '' unless $ $ ' otherwise '* R specified , all % % ' reference s $ to a " time K of < day are references $ to $ the " time + in %" ; California ; B! (k) B 7 ' references $ to % % 7 + ' % $ ' C" $ ^ "month" % or < %^ "year" % are % 7 $ ' references $ to a calendar month % or % calendar < % year, % '* $ 5 < respectively , '' unless $ % ' otherwise '* < specifically *"5 G provided ; B (1) if % " $ any '* R date specified + in $ ' this % " $ agreement ' $ as a date 7 % for $ ! taking $ action 7 ' falls on a < day $ $ that ' is $ not a , ' '' Business ?

>-1/2 4 MISCELLANEOUS -0:+ >/ Entire - % " $ Agreement. This agreemen t and $ the $ % other > Loan ? " "' Documents , collectively : B+ (i) 5 *$ ' $ represen t the sum 7 of the : ' % " $ $ 5 <; /" %; $ ' " 12.01 Lendre and , %% % Borrower % concrening $ ' % $G this credit; B (ii) % * replace < any *% % prior % oral % or writtne understandings and % " "' agreements $ between > % 5' ' agrent ems between > $ Lender and , %% % Borrower " concerning $ ' % $ this credit; and B (iii) % $ are intended < by > % Lender and , %% % Borrower ' as $ the R E fin , al % " ' $ complete and N ' 5 excluivse statement K 1 ( of the $ %"' terms " agreed to by "E them. + ln $ the 5 event of < any $ conflict $ between $ ' this agreement and any ' " K "* $ $ < % " < $ ' % " $ $ ' other " ' agreement s required by this agreem nt ,e this % " $ agrem ent will *% 5 prevail. 'Q % < $ % 12.02 Joint and 4 5 % Several 2 $ ' Obligations. If , %$ % Borrower ' '$' conissts of " $ more $ than one # %' Y Person , each , %% % Borrower B (a) N*"'' < expressly $ K + % $ < $% " acknowl dg ees tha t it ' has 7 Q benefited and will R$ benefit, directly and indiretcly , from each Loan and ! ' acknowledges and %$ ! ' und es reka,t % $ < $ $ ! $ ' tog teher J"" with " the $ % other , %% %' Borrow rs , e "" joint and ' 5 % several $< liab ty il i for $ the * $ puntcual * <" $ payment when due, " % whether K at stated maturity , < by 7 % $ $ % '$ $ " % Loan % % E " Document ' is ' $ absolut , e $ unconditional , continuing and C% 5 irrevocable . BORROWER /L#0/44>A EXPRESSLY F-+ /4 WAIVES ANY REQUIREMENT ,2002F/0 -1A 0/U +0/ /1: ? " $ THAT LENDER /LD- 4: EXHAU TS AN Y 0+&D: RIGHT, #2F/0 POWRE OR 0/ /? REMEDY AND #02 //? PROCEED AGAINST THE 2:D/0 OTHER ,2002F/04 BORROWERS 20 -1? -&-+14: :D/ -1A :D-: >/1?/0 UNDER THI S -&0// /1:E AGREEM NT ,E OR ANY OTHER >2-1 LOAN ?2 /1:4 DOCUMENTS , 0 OR -&-+14: AGAINS T -1A ANY 2:D/0 OTHER #/0421 PERSON 1?/0 UNDER -1A ANY 20 -1 2:D/0 +D+4 1?/0 GUARA YTN OF, 20 OR 4/ 0 : SECURTYI FOR, -1A ANY 26 OF :D/ THE 2,>+&-:b214 OBLIGATIONS . 620 & -0-1:A 26 Edw dra $ E Va adao l , Jr. - 0>2 ' RLO s 'C -( 8 2031 / % ++ O " - % " " Credit Ager m eent 18 186 I 12 03 . Authority Bind Borrower. If , %% % Borower ' is "*% ' comprise d of " $ * multiple # %' ' Persons, any Person "* ' compri gins K % %K to , 8 < # %' Borrower ' is $ % authzed ori to bind all * %$ ' parties "*% ' comprising , %% % Borrow . re F $ $ Without " $ $ limittion a of $ the for eoging, Lender " < may % Q % requ er i < any > Loan K > % 7 % , %% % $ Requets % or $ % other 5 Q '$ requse, t $ % authori aztion , or $ % other $ action < by % or on 7 behalf K of , %% % Borrower be < by one % or " more 5 ' ind vidu si la des gnai ted in + ' $ 5 0 Q '$ > % writing < by the * ' parties "*% ' compri ing s Borrower B (a ^? ' $ "Designated # %' E Per. s) on " Lendre " < may, K at < any ti$ " me and $ without notice, wai ve < any *% % prior 5 % $ , %% % $ ! $ $ # %' 7 ' requirm net that % Q '$' request , s $ % $ ' authoriza tions , or % other actions be tak en < only < by a ? ' $ Designat de Person. % Q % " " % 12.04 Binding G Effect: 4 '' Succe sor ss and -'' ' Assign s. : The > Loan ? " $' Documen s t will % inure $ to $ the R$ benefit 7 of and be bind ngi 9 , upon parties and $ % their % '* $ 5 resp ive cte succe srsos and '' ' assigns , N * except that , %% % Borrower " < may $ not '' % assign or % '$ % transfer < any 7 of $' its % $' rights % or * %$ ' ' '' %' * the obliag tions % under < any > Loan ? " $ Document $ $ without *% % prior $$ written ' $ consnet K of $ the > % Lender. $ ' ' 1205 . ) -'' " $E Assignm nt :e Participa tion .s Borrowre shall $ not '' ' assign its % $' rights % or $ ' obliga snoti hereundre with tou > %E' Lender's , %% % % % / %R $ ' $ $ 7 consent. Lender " < may '' % assign or ' sell * * ' participation s in all % or < any * %$ port oni of its interste in $ the > ' Loasn % or % under the Loan ? " $' Docum nt se to + 8 + $ % '$ > % $ > ' $ $ > % '' an y # %' Person. Lend re " < may ' ' disclose $ to < any $ actual % or * $ $ potenlati assignee % or * * " particip nta < any 7 %" $ inform io nta that , %% % Borrower has 5 % del vered i $ $ ' < to > % Lened r in $ conn onei tc with the Loan Docum nts e; and Borrowe r ' shall * % $ cooper tea fully wit h > % Lender " in *% 5 providing $ that + $ $ information . If $ $ $ > ? " $'G , %% % < Le nder '' ' assigns ; or ' ' sells a * * participation in $ the > ' Loans % or $ the > Loan ? " $' Docu,men st the * % ' % purcase h r will 5 have $ the % right 7 of ' " K seo-tff '$ agains t $ > % , " % Borrow . er ' % 12.06 Sev erab ility . E - < Any * 5 ' provision 7 of < any > Loan ? " $ Docum nte wh ch i is *% $ proh bied ti or 7 % unenefo ce ral b in < any W % ' jurisidcti on 4 5 % I $ $ % shall , ' as $ to b that % ' $ E juri son dic , it be 77 $ 5 ineffectiv e $ to $ N$ $ the extent 7 of ' such *% $ prbiotion hi or 7 % "$< unenforc ability e withuot 5 $ invalida ingt the % " remainin g ' $ 7 provions si of that Loan ? " Document % or $ $ affect ng i the 5 $< validity % or 7 % $< enforce lity ai b of $ $ that *7 5 ' provion is in < any $ % other W % ' $ $ jurisdic ; no ti except that *% 5 ' ' 7 $ $ > N * $ $ if such *% 5 ' proviison relaes t to the * <" 7 paym nt e of < any " $ %< monetary ' " sum, $ then > $ Lenedr " < may, $ at $' its *$ optio,n % declare all 2 $ ' Obli osngati imymdel ia t ' % $ ' $ +"" $ < due and pa yabl .e * < $ Z 12.07 Amendment s in F% $ Writing. : The > Loan ? " ' Docum nts e may $ not be " amended , chang,de modified , alteer d % or -" " $; $ % " R " < # % ' terminated withuo t $ the *% % prior writtne ' $ consent of all Partise to $ the % '* $ 5 respecti ev Loan Docum nt .e $ 5" > ? " $ $ $ 12.08 I Governing > Law. /N *$ Except ' as N*% '' < expes r sly ' $ stated $ % therein , the Lo an ? " $' Document s will be 5 % governed and $ %*% $ interpre ed t " > & 5 % 4$ $ C by ** < $ applying the ' laws 7 of $ the 4$ $ 7 Staet of 7 % B Cafo li rnia (the C& 5 " "Governin g > Law Stat "e) $ $ without % % regard $ to $' its $ 7 conflict of ' laws * E *% ' prin es.icpl < -1? /1 / +00/ 2 -,>A 1209 . JURISDICTION AND VENUE. BORROW RE IRRV E OCABLY -&0//4 AGRES E THAT, -: AT :D/ THE 2#:+21 OPTION OF 0+4?+ :+21 ,2002F/0 ( :D-: 6 -0+4+1& LEND ,RE ALL - :+214 ACTIONS , #02 //?+1&4 PROCEEDINGS 20 OR 2 1:/0 >-+ 4 COUNT RCLAIMS E ARISING 2 : OUT 26 OF 20 OR 0/>-:+1& RELATIN G :2 TO THI S AG RE NT M E ->> :D+4 -&0// /1: >/1?/0E OR AN Y OTH ER LOAN ?2 /1: DOCUM NT E WI LL ,/ BE >+:+&-:/? LITIGATED +1 IN :D/ THE 4 #/0+20 SUPERIOR 2 0: COURT 26 OF ->+6201+- CALIO F RNIA , FRESNO COUNT ,Y F+>> 2:D/0 60/412 >2-1 20 2 1:AE -1A CALIO F RNIA , OR :D/ THE 1+:/? UNITED 4:-:/4 STAT SE ?+4:0+ : DISTRIC T 2 0: COURT 620 FOR :D/ THE /-4:/01 EASTERN ?+4:0+ : DISTRICT 26 OF ->+6201+CAA.LI O F RN I BORO RWE R ,2002F/0 ->+6201+ 20 0+4?+ :+21 IRREVOC ABL Y CONSENST TO 4/0 + / SERV CE, I JURISDICTION , -1? AND /1 / 26 VENUE OF :D24/ THOSE 2 0:4 COUR ST 620 FOR ->> ALL 4 D SUCH - :+214 ACTIO , SN : +00/ 2 -,>A 214/1:4 -1A 2:D/0 /1 / PROCEEDINGS -1? AND 2 1:/0 >-+ 4 COUNTAIMS ER LC AND F-+ /4 WAIVES ANY OTHER VE NUE :2 TO WHICH IT +&D: MIGHT BE /1:+:>/? ENTITL DE BY FD+ D +: ,/ #02 //?+1&4 -1? ,A 6+1-> VIRTUE 26 OF ?2 + +>/E DOMICIL , E D-,+: -> HABITUAL 0/4+?/1 / RESID NC EE OR 2:D/0F+4/ OTH RWISE E . FINAL ?& /1: JUDGM EN T AGAIN ST ,2002F/0 BORRO WER +1 IN -1 ANY -&-+14: 20 +0: / 4D->> -1? +1 -1A SUCH AC TION, 4 : SUIT 20 OR #02 //?+1& PROCEE DGIN SHALL ,/ BE 21 > 41/ CONCLU IV ES AND -A MAY ,/ BE /1620 /? ENFOR ED C IN ANY 2:D/0 OTHER - :+21 4 D , 20 2# JUR SDICTI I ON BY 4 +: SUIT 21 ON :D/ THE ?& /1: JUDGM NT ,E A /0:+6+ -:/ CERTIFIA CET OR /L/ #>Z6Z/? EXE ED M LI IPF COPY 26 OF FD+ D WHIC H 4D->> SHALL ,/ BE 0+4?+ :E21 - CONCLU IV ES EVIDNC EE OF :D/ THE ?& /1: JUDGM TNE OR +1 IN -1A ANY OTH RE -11/0 MANNER #02 +?/? PROVIDED ,A BY >-F LAW. ,2002F/0 BORR RW OE 26 2:D/0 21 > 4+ / / ?/1 / 20 IRREVO LY A BC WAIV SE :2 TO :D/ THE 6 >>/4: FULLEST /L:/1: EXTENT #/0 +::/? PE TT RMIED BY -##>+ -,>/ APPLI ABL CE LAW B- (A) -1A ANY 2, / :+21 OBJECTION FD+ D WHICH IT ,A >-F +00/ 2 -,>A F-+ /4 /1 / MAY D- / HAVE 12F NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTURE TO THE >-A+1& LAYING 26 OF :D/ THE VE NUE 26 OF -1A ANY 4 D SUCH - :+21 ACTI ,O N SUIT OR PROCEE NG DI :2 :D/ ?0 #02 //?+1& 4 +: -A :2 +1 IN -1A ANY 2 0: COURT REFERRED TO +1 IN :D/ THE 6 04: FIRST 4/1:/1 / SENTENC E ABOV ; E (BJ ANY >-+ CLAIM :D-: THAT ANY SUCH ACT ON,I SU TI 20 OR 0/6/00/? 4 +: -,2 /; -1A 4 D - :+21E B, -1A 26 #02 //?+1& D-4 +1 PROCEE NG DI HAS ,//1 BEEN ,02 &D: BROUGH T IN -1 AN +1 21 /1+/1: INCONV NT NI EE FORUM ; B (CJ +:4 ITS 0+&D: RIGTH 26 OF 0/ 2 -> REMOVAL OF -1A -::/0 ANY MATTER 620 G ,A COMME CE ND BY -1A ANY 2:D/0 OTHER #-0:A PARTY +1 IN :D/ THE 2 0:4 COURT S 26 OF :D/ THE 4:-:/ STATE 26 OF ->+6201+- CALIFOR NIA TO -1A ANY 2 0: COURT 26 OF :D/ THE 2 /1 /? :2 -1A + 1+:A 26 UNIT DE/? 4:-:/4 STATES 26 OF AMERI A ;C (DJ ANY IMMUNI YT FD+ D WHICH +: IT 20 OR +:4 ITS -44/:4 ASSET S -A D- / MAY HAVE +1 IN 0/4#/ : RESP ECT OF +:4 ITS - /0+ -G 1^ B? 1?/0 602 2,>+&-:+214 20 OBLIGA NS TOI UND RE :D+4 THIS -&0// /1: AGREM ETNE OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUNT ME FROM -1A ANY 4 +: SUIT, /L/ :+21 EXECUT ON, I ATTANT CH EM (WHTERH E PROVIONAL IS OR 6+1-> FINAL, +1 IN -+? AID 6 OF /L/ :+21 EXC EUTIO ,N BEFORE ?& /1: JUDGM TN E OR 2:D/0F+4/ OTHERWISE ) OR #02 +4+21-> -::- D /1: ,/620/ 20 20 BFD/:D/0 20 LEGAL #02 /44; PROCESS ; AND B/ (E) -1A ANY 0+&D: RIGHT +: IT -A MAY D- / HAVE :2 TO 0/U +0/ REQUIR E :D/ THE 2 +1& MOVING #-0:A PARTY +1 IN -1A ANY 4 +: SU T,I ACTION OTHER >/&-> -1? 2:D/0 - :+21 OR #02 //?+1& PROCEE NG DI BROGH UT IN -1A ANY 26 OF :D/ THE 2 0:4 COURTS REFERR ED :2 TO -,2 / ABOVE AR SINGI OUT 26 OF 20 OR +1 IN CO NN ECTION ,02 &D: -0+4+1& 20 +1 0/6/00/? 2 : 211/ :+21 :2 4/ 0+:A 620 WITH :D+4 THIS -&0// /1: AGREM E EN T OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUME NT TO #24: POST SEC RI TUY FOR :D/ THE 24:4 COSTS 26 OF ,2002F/0 BORRO W ER 20 OR F+:D 20 :2 - :+21 - ,21? TO #24: POST A BOND 20 OR :2 TO :-./ TAKE 4+ +>-0 SIM LAI R ACTION. Z 12.1 O + Counterpa rt /N $ Execution . : The > Loan ? " $' Docum nest may be N $ execued t in "%* ' cou erpa tn , srt each 7 of whi ch will be an $ " " < origalni and all 7 of which $ $ % % toget reh are " deemed one and $ the ' " same + '$% " $O instrum nt.e K ' Edward Vaad l ao, Jr. - 0+ RLO C's - 8 2013 / Cred t i Ag eem r en t - 5 " ; = 19 ( 187 I 7 K > % 12.11 Opt ca yill Imaged 0 *% $ ' Reproductions . Lender " < may " ! make an *K < optically " imaged % *% reproduct on i of < any or all > Loan " 2*$ < Documents G and, $ at $' its $ elect on,i destroy $ the % original % or % ' orig sna . il Borrower ' $' conssent to the '5 desrtuc onti of the origlina % or % ' originals 7 , %% % $ $ $ % '$% < ? " $' and % ' agrees $ $ that a *< copy $ of $ the *$ < optically " imaged % *% reproduction 7 of < any > Loan ? " $ Document will be $ Q 5 $ the equ ent ival of and 7 % for 8] all * %* ' ' purposes K const ut et i an C % C "or"igialn docm u ent. 6 % For * %* ' ' purposes % of thi s ' $ sectio , n C7 % "for all * %* ' '] purposes " ' incldu es ' use 7 of $ the *$ < opcall it y imaged $ ' +" " > '$ $ $ % reproduct on i (a) to *% 5 prove $ $ the contetn 7 of $ the original " $ docme u nt at $% tria , l " $ E me,odiat n i arbon triai t or " '$% $ 5 adm nistra i veti hearing; B (b) P $ for < any $ " % $ % ; % *% $ B busienss * %* ' G purpose; B (c) for internal % or N$ % ' external auts di and/or N " $ examina niot by % or on 7 behalf 7 of & 5 "" Governme l ant Auhorities t ; B (d) in @ % - $ % $ ' P % $ % ' '' < canng celi or $% '7 %% transferr ng i any " $; docum ent; and B (e) in conjunction $ with < any $ % other $% ' $ transaction 5 evidced en by $ the % origlina " $ document. W $ % < < % 12 12. Necessary - $ Action. > % Lender ' is authorized to N $ execute < any $ 7 other " $' doc ments u or $ ! take < any $ % other $ ' actions 1 $ "*$ U $ % necessary $ to 77 $ $ effectuate U the > Loan Doc um tsne and $ the ' "" $ consonummat i of $ % ' ' the transactio s n conet mpla edt therein. 7 ? " $' '' %< 12.13 8 + Credit 0 " $ Report. > % Lenerd ' is $ % auth zed oir to % % order a % $ cred t i % * report and 5 % 7< verify all $ % other % $ credit 7 %" $ informat on, i includgin % $ $ !" $ $ $ 7 past and *% ' $ ' present loasn and '$ % standard % % ' referen es c from $ " time to time $ to 5 $ eva ualte the % $ %$ '' cre twort di hin sse of , % Borrowe . r Witho tu 7% " * '$ limitat on, i a *< copy 7 of $ the ' $ consnet 7 % for % ' release 7 of $ information , % general $ % $ authorization % or 4 " % similar " $ document on R file $ with > % Lender ' shall " $ $ authorize $ % third # %' ' Persons $ to *% 5 provide $ the $ %" informa iont requested from " time $ to $ " time. % Q '$ 7%" " % 12.14 No '$" Construct on i Against Drafter Each # %$< Party ' has * * particip ted a in $" negot ng ati i and % E% drafting D ' this % " $ agreeme ,t n 0 . / 8K ?% + 9 so 7 if an " $< ambigui y t % or a Q '$ quesion t of $ intent % or $ %*% $ $ interpretation % ' ' arses i , C ) this % " " agreement +) is to be '$% construed ' as 7 if the partise had % drafted it * %$ ' K ' % jointly, as ** ' opposed to being consrtued '$ against a # < Party ' beca se u it ' was % '* ' respon e ibls for % 7$ drafgtin one % or " % more *% 5 ' ' provis ons i of $ ' this ' $ ' % W $ < agreeme nt. % " $ 1215 . INCAT DEMN ON FI . I I BORRO W ER SHALL DEFEND , +1?/ 1+6A INDEMN YF I AND D2>? HOLD >/1?/0 LENDER AND ITS -1? 4D->> ?/6/1? -1? +:4 ,2002F/0 +1?/ 1+6+ -:+21 ) -::201/ 4 -1? OFF CERS I , DIRECTORS, / #>2A//4 EMPO L YEES , PARTNERS , AGENTS , ATTORNEYS AND -66+>+-:/4 AFFILIA ES T (THE C+1?/ 1+6+/? 'IND FIED EMN I -&/1:4 #-0:1/04 B:D/ 266+ /04 2E0/ :204 26 PERSO)S" N HARMLESS AGA NST I ANY AND ->> ALL >244/4 LOSSSE OF -1A ANY .+1? KIND 20 OR 1-: 0/ NATURE FD-:42/ /0 WHATSOE ER V THAT MAY ,/ BE #/04214C :D-: -A -1A -1? D-0 >/44 -&-+14: -1 +1?/ 1+6+/? #/0421 2 : -&-+14: ANY -0+4+1& IMPOSED ON INCURRED ,A BY, 20 OR -44/0:/? ASSERTED AGAINST INED DEMN FI I PERSON ARIS NGI OUT 26E OF, +1 IN -1A ANY F-A WAY + #24/? 21, +1 00/? CONNECTED WITH 20 OR -4 AS - A 0/4 >: RESULT 26; OF: B+ (1) :D/ THE /L/ :+21 EXECUT ON I OR DELIVERY 26 OF :D+4 TH S I -&0// /1: AGREEMENT 20 OR -1A ANY 2:D/0 OTHER 20 ?/>+ /0A 211/ :/? F+:D LOAN ?2 /1: DOCUMENT 20 OR -1A ANY -&0// /1: AGREEMENT 20 OR +14:0 /1: INSTRUMENT 21:/ #>-:/? CONTEMPLATED D/0/,A HEREBY 20 OR :D/0/, THEREBY, :D/ THE >2-1 RFORMANCE ,A BY :D/ THE #-0:+/4 PARTIES D/0/:2 HERETO 0 OR :D/0/:2 THERETO 6 OF :D/Z0 THEIR 0/4#/ :+ / REVE SPECT I OBLIGATIONS D/0/ 1?/0 HEREUDER N OR PE 20 2,>+&-:+214 #/0620 -1 / THEREUNDER 20 OR :D/ THE 214 -:+21 CONSUMMAT ON I OF :D/ THE :0-14- :+214 TRANSACT ONS I CONTEMPLATED D/0/,A HEREBY 0 OR :D/0/, G THEREBY ; B++ (li) THE 21:/ #>-:/? 26 :D/ :D/0/ 1?/0 ,A :2 ,2002F USE OF THE PROCEEDS 26 OF :D/ THE >2-14G LOA;SN B+++ (lii) :D/ THE 6-+> 0/ FA LURE I BY ,2002F/0 BORROWER TO BORROW :D/ THE - 2 1: AMO NT U SPEC FIED I IN 4#/ +6 /? :D/ #02 //?4 +1 4/ 26 A >2-1 LOAN REQ EST U (INCLUDING ANY FAILURE 0/4 >:+1& RESUL ING T FROM :D/ THE 6-+> 0/ FAIU L RE :2 TO 6 >6+>> FULFILL :D/ THE -##>+ -,>/ APPICABLE L 602 - -1 6-+> 0/ 0/U /4: B$1 > ?+1& #026+:4 -1? CON ONS IDI T PRECEDENT), INCLUDING -1 ANY >244 LOSS 26 OF -1:+ +#-:/? ANT CIPATED I PROF TS I AND >244/4 LOSSES ,A BY 0/-421 REASON 26 OF :D/ THE 21?+:+214 #0/ /?/1: +1 > ?+1& 26 LIQUID ATIO N OR 0// #>2A /1: REEMPLOYME T N OF ?/#24+:4 DEPOSIT S 20 OR 2:D/0 OTHER 6 1?4 FUNDS - U +0/? ACQUIRED ,A BY >/1?/0 LENDER : TO 6 1? FUND THE LOAN; B+ {IV) :D/ >2-1G >+U +?-:+21 0 #/0421 4 FD+ D &+ /1 SUCH +1?/ 1+6+/? INDEMNIF ED I PERSON S ' ACTS 20 OR 2 +44+214 OMISS ONSI WHI CH 0/4 >: RESULT 602 FROM 2 1+ -:+214 COMMUN ON CAT SI I GIVEN 0 OR - :4 4 D TO ,/ BE &+ /1; GIVEN, ,A BY ,2002F/0 BORROWER 20 OR -1A ANY ?/4+&1-:/? DESIGNATED #/0421 PERSON , WHICH ARE 1:/00 6M:/? INTERRUPTED , FD+ D WHICH -0/ ARE PURPORTED :2 FD+ D -0/ # 0#20:/? MISN U DERSTOOD , OR FD+ D WH CH I ARE +1 IN 6- : FACT 602 FROM 1- :D20+T/? UNAUTHORIZED #/04214G PERO S;SN (V) :D/ THE VI OLAT ONI BY ,2002F/0 BORROWER 6 OF +2>-:+21 ,A -0/ +4 1?/04:22? 20 B ANY -##>+ -,>/ APPL CAB ELI LAW, +1 > ?+1& INCLUDING -1A ANY /1 +021 /1:-> ENVIRONMENTAL >-FG LAW; (VI ) :D/ THE 0/>+-1 / RELIAN EC ,A BY >/1?/0 LENDER ON EACH 12:+ / NOT CEI 21 /- D -1 >-F B + PURPORTEDL Y &+ /1 GIVEN BY 20 OR 21 ON ,/D->6 BEHALF 26 OF ,2002F/0; BORROWER ; B ++ {VII) -1A ANY ,0/- D BREACH ,A BY ,2002F/0 BORRO W ER 26 OF -1A ANY 26 OF +:4 ITS ,A # 0#20:/?>A REPRESENTAT S,O N I WARRANTIES , 2 /1-1:4 COVENANTS 20 OR -&0// /1:4 AGREEMENTS 1?/0 UNDER -1A ANY >2-1 LOAN ?2 /1: DOCUMENT , +1 > ?+1& INCLUDING -1 ANY 0/#0/4/1A-A+214 F-00-1:+/4 +1 /4:+&-:+21 20 DEFA LT U OR / /1: EVETN 26 OF ?/6- >:G DEFAULT ; 20 OR B +++ {VIII) -1A ANY >-+ CLAIM, >+:+&-:+21 LIT GATION I , INVE ON TSIGAT I OR #02 //?+1& PROC NG EE ID RELATED :2 TO 0/>-:/? ?/6- >: 20 #/0421 ANY 26 OF THE FOREGOING , FD/:D/0 WHETHER 20 OR 12: NOT -1A ANY +1?/ 1+6+/? INDEMNIF ED I PERSO N +4 IS - A #-0:A PARTY :D/0/:2 THERETO , 20 OR ASSERTED -44/0:/? -1A :D/ 620/&2+1& #-0:A AGA NST I ANY +1?/ 1+6+/? INED DEMN FI I PERSON -4 AS - A 0/4 >: RESULT 26 OF >/1?/0 LENDER ,/+1& BE NGI PARTY :2 TO :D+4 TH SI -&0// /1: AGREEMENT 20 OR :D/ THE #/0421 -&-+14: -1A TRANSACT ONS I CONSUMMATED # 04 -1: PURSUANT :2 TO :D+4 TH S I -&0// /1:; /L /#: AGREEMENT ; EXCEPT :D-: THAT ,2002F/0 BORROWER 4D->> SHALL D- / HAVE 12 NO 214 -:/? :0-14- :+214 F+:D #/0421 OBLIGATION :2 TO AN INDEMNIF ED I PERSON 1?/0 UNDER :D+4 TH SI 4/ :+21 SECT ON I WITH 0/4#/ : RESPECT :2 TO >244/4 LOSSES 0/4 >:+1& RESULTING 602 FROM -1 +1?/ 1+6+/? 2,>+&-:+21 OR F+>>6 > WILLFUL +4 21? : MISCONDU TC OF :D-: THAT +1?/ 1+6+/? INDEMNIFIED #/0421 PERSO N -4 AS ?/:/0 +1/? DETERMINED ,A BY :D/ THE THE &0244 GROSS 1/&>+&/1 / NEGLIGENCE 20 26 :D/ +6 JUDGMENT 26 OF - A 2 0: COURT 26 OF 2 #/:/1: COMPETENT 0+4?+ :+21 JUR SDICTION I . IF -1? AND :2 TO :D/ /L:/1: THE EXTENT :D-: THAT -1A ANY +1?/ 1+:A INDEMN TY I FINAL ?& /1: 6+1-> +4 #-0:+/4 -1 0/-421 UNDER :D/ THE >2-1 LOAN ?2 /1:4 DOCUMENTS +1 IN 6- 20 FAVOR 26 OF +1?/ 1+6+/? INDEMN FIED I PART ES I IS 1/1620 /-,>/ 620 UNENF RCEAB OE L FOR ANY REASON , 1?/0 BORROWER 4D->> SHALL :2 TO -./ MAKE :D/ THE -L+ MAXIMUM 21:0+, :+21 CONTR BUTION I TO :D/ THE #-A /1: PAYNTME AND 4-: 46- :+21 SAT SFACT ON I I THEREOF -1? :D/0/26 ,2002F/0 :2 WH CHI IS4 #/0 +44+,>/ PERM BLESSI I UNDER -##>+ -,>/ APPLICABLE >-FE LAW. ->> ALL +1?/ 1+:+/4 INDEMN ES TI I UNDER :D/ THE >2-1 LOAN ?2 /1:4 DOCUMENTS +1 IN 6- 20 FAVOR 26 OF 1?/0 1?/0 FD+ D 26 :D+4 INDEMNI IED F PARTIES 4D->> 4 0 / SHALL SURV VE I THE TERM NATION I OF TH S I AG REEMENT . :D/ -&0// /1: :/0 +1-:+21 #-0:+/4 +1?/ 1+6+/? Ect....ar d + Va adao l , Jr.· /""< X ++-Q"" Credit Agreem et n 0> E'= " RLOC s ' • 2013 20 188 II F-+ /0 ,A :D/ #-0:+/4 -1? ,A 12.16 WAIVER 26 OF :0+-> TR AL I BY 0A JURY. THE PART ESI (A) 2 /1-1: COVENANT AND -&0// AGREE 12: NOT :2 TO />/ : ELECT - A :0+-> TR AL I BY B- 26 0A 0 620 0 :D-: 21:02 /04 JURY +1 IN -1 ANY - :+21 ACT ONI OR #02 //?+1& PROCEED NG I FOR :D/ THE 0/42> :+21 RESOLUT ON I OF -1A ANY ?+4# :/ DISPUTE , CONTRO ERSY V OR >-+ CLA MI THAT FD/:D/0 AR SES I OUT 26 OF 20 OR 0/>-:/4 RELATES :2; TO: B+ (I) :D+4 TH SI -&0// /1:G AGREEMENT; 0 OR B (li) -1A ANY >2-1 LOAN ?2 /1: DOC MENT, U WHETHER -0+4+1& AR NG SI I IN -0+4/4 2 : +1 - -1? -1? 21:0- : CONTRACT, :20: TORT 20 OR ,A BY 4:-: :/ STATUTE B+1?+ +? ->>A (INVID DIALLY U AND 2>>/ :+ />A COLL CT EEL I,VY A C?+4# :/C G "D SPUTE"); I AND, B, (B) :2 TO :D/ THE /L:/1: EXTENT ,A #/0 +::/? PERM TTED I BY -##>+ -,>/ APPLICABLE >-F LAW, D/0/,A HEREBY +00/ 2 -,>A IRREVOCABLY F-+ / WAIVE ->> ALL 0+&D: RIGHT :2 TO - A :0+-> TR AL I BY 0A JURY -4 AS :2 TO -1A ANY ,A 20 2 : -0+4+1& #02 //?+1& +44 / :2 ISSUE 0/>-:+1& RELATING D/0/:2 HERETO +1 IN -1A ANY - :+21 ACT ON, I PROCEED NG I OR 2 1:/0 >-+ COUNTERCLA M I ARIS NGI OUT 26 OF 20 OR 0/>-:+1& RELAT NG I TO ANY >2-1 LOAN ?2 /1: DOCUMENT :2 TO :D/ THE /L:/1: EXTENT 4 D SUCH 0+&D: RIGHT /L+4:4 EXISTS 12F NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTURE . :D/ THE #02 +4+214 PROV ONS SI I OF :D+4 TH SI -1A 26 -1? -1? SECTION -0/ ARE 4/#-0-:/>A SEPARATELY &+ /1 GIVEN ,A BY /- D EACH #-0:A PARTY .12F+1&>A KNOW NGLY I AND 2> 1:-0+>AG VOLUNTAR LY; I AND -0/ ARE - A -:/0+-> MATERIAL 4/ :+21 +1? / /1: 620 INDUCEMENT FOR :D/ THE >/1?/0 LENDER /1:/0+1& ENTERING +1:2 INTO :D/ THE >2-1 LOAN ?2 /1:4 DOCUMENTS . #02 +?/4 ,->>221 12 17. BALLOON #-A /1: PAYMENT . :D+4 THIS -&0// /1: AGREMENT E PROVIDES 620 ,->>221 FOR BALLOON #-A /1:4 PAYMENTS . ,2002F/0 BORROWER :D-: - .12F>/?&/4 ACKNOW ED GES L THAT >/1?/0 LENDER D-4 HAS 12: NOT -&0//? AGRE DE :2 TO 0/6+1-1 / REFINANCE :D24/ THOSE #-A /1:4 PAYMENTS . I 12 18. 4- USA # $% $ Patriot - $ Act 1 $ Notice. 6 % Federa l law % Q % ' requires all R financia l '$ $ $ ' institutions $ to $ obta n, i 5 % 7< verify and $ % record 7 $" informat on i that $ R ' identifies each * %' person who $ ' obta nsi a loan. $ $ Lender will '! ask 7 % for $ the , %% % ' Borrower s ' legal " name, address, $ N tax +? ID " % number % or ' social > % % '' 7 %" $ > % % Ledn er may ' also '! ask 7 % for $ % addit oanl i information % or " $ $ docume on tat in or $ ! $ % take other " < 7 $ ' $ actions $ ' < reasonably '' %< neces ryas to 5 % 7< verify $ the "< idtyenit of , %% % Borrower , < any % $ %' guarantors % $ % or other % $ related * %' ' person .s %" security " % number and $ % other $ 7< ident fying i informa ion t. ' % $< " \ ' : 77 $ 5 The * %$ ' parties 5 have ' sigen d $ ' this % " $ agreent m e effecvtei as 7 of $ the < day and < % year R%'$ first % $$ written 5 above. @ @ BORROWER - % '' Address 7 % for $ '; notic: es ))8 8637 ]]) C Jackson -5 Avenue Hanford , - CA (8 8 93230 D % Addr sse /?F-0? ' EDWARD ->-?-2 VALADAO , 0 E JR., doi ng ' '' bus ness i as > Lone 4$ % Star ? %< Dairy for notce i :s < !" '' ' > 8637 !' Jackson -5 Aven eu 8)8 Hanfo , dr - CA (8 8 93230 D 7 % 0++T ->-?-2 4$ % ? %< + LENDER /1>>0 RABOBANK, 1 - N.A. 0-,2,-1. - % '' Addrses for $ ' notice:s ) 45 / E. 0 5 % River # %! Pakr # Place F '$ We , ts 4 $ Suite 507 9) 6% ' Fresno, - CA (8 93720 Attention : -$$ $ ; B< - '" ? * %$" $ Ag 6 Finance Closign Departm nte B" : $ ; M E JH=@> AE Edward Valadao. Jr. - 0>2 ' RLO s C' - 8 2013 / % % X % $ Credit Ag er em ent - % " = 21 189 I( EXHIBIT 190 0>2 4 / % % -= RLOC' 8 Ed ward Va adao, l s -= 2013 Jr. 89I (= Lon e Star : 348279 01> 4$ % Dairy ? %<; LONE ST AR DAIRY NOTE $3,50000.00 0, ) [8 F 8 May < 16, 2013 $ pay collectiv $ the $ % % FOR VA LUE RE CEIVED , undsrgn eide (ind vidually i and ,lye ), " he reby promise to ordre of 7 % < *% " ' $ %' $ 5 < "Bor ower 620 -> / B 5 + < 0/ /+ /? the * < to 6 5 $ pri *% * 7 : % Million Fiv : ' D % ? %' RABO BAN K, N.A., national ! banking association ender") the ncipal ' " sum ofThree e Hundr ed Thou sa nd Dollar s '' $ /"L 0-,2,-1. 1 - a $ > 7 > Sta *% * sum ' " of Lone inte $ % '$ 1 Ce +7 l '' 7 all 4$ % and No $' nts B[8 ($3,500 00 000 ) ) , . or, ess, the $ % $ aggr gat ee principal r Dairy , s and rets at $ the $ rate % $ > ' ? %< Loan % if #% * ' of 7 the $ dat $ > % $ % 7 Lend spec fied i in the Credit - % " $ Agreent m e between Bo r ower and re dated as e hereo f (the t"). nem Princ pali $ % $ $ , %% % '* R B$ "Credit Agree % * < $ Le > % $ $ times the $ Cre % $ - % " $ - paym ' mad " $ Le and $ % '$ interest are paybael to ndre at the ified in dit Agr ent. m e All nt es sha ll be e to nder in '* R > % $ " ' spec * <" $' / Ce - 922 ' other * $ % plac 4$% $ $ 149 % such > % $% 9(I ( 98 $ 7 -" % ' Lend % $' l 7 awful " < money of 7 $ the Unit ed 4$ $ ' States of Amreica at 8 Main Strete, El ntro, CA 4 3, or e as re directs , in % $ $ Cr $ me - % " $ / $ $ $ is ' R 5 same < day 7 ' fund.s Eac h * $ capit ze lida term used in thi s not e that defined in edit Agr ent m ee will ve the aning spe cified " '* R $ %" ' $ ' ' " the ha ?% "E Con % 5 $ ' : ' inte $ %*% $ accordan - % " $ % $ i+ n the et di Agree nt. me Thi s $ note wi ll be rpreted in ce wi th $ the Drafting vne tions. $ Cr $ $ ' 7 $ Cr Th s i $ note +' is % 7 %% referred to in, and s subj cet $ to the rms and of the edit Agr em nt. ee Wi thout limitat on, i edit - % " $ conditions $ Cr F $ $ : ' $ %"' % % $ $ i ' ' W $ $ te " $ $ the Agreem nt e (i) provid es for Lone St ar Dairy Loan , s Loan s by er to r e from gat ee - % " $ *% 5 ' 7 % the $ making " ! of 7 > 4$ % > ' > % $ Borrow , %% % 7% " time $ " to $ time $ " in an aggr % $ ? %< > ' < Lend B '* R 5 (ii $ ' *% 5 ' ' 7 % acce % $ 7 the amount $ not $ to N exceed at $ < any $ " time outstan ding the " $ amount speci fied abov,e and ) contain s provi sio sn for eratoinl of $'$ $ " $ $ B 7 %$ * $ occu %% '$ $ 5 $' mat urity % 7 hereof upon the ren rce of certa ni stated event. s " $ % $< $ " the 7 $3 $ amount 5 by / % : ' " " $ % '$ $ " $ $ prom $ " $ of Th is $ note i ' s an am ennt med and restat nt m ee of 7 the roysis not e in wdar *% " '' %< [8,000,000.00 given < Ed ' '' ' 3 7 % April -*% Valadao, bus ' '' ' Lon > 4$ % ? %< I Va adlao, . doign bus iness as > Lone Star Dairy & Cowlifornia Dairy inses as e Sta r Dairy & 4$ % ? %< doing Jr % ? %< and wife $ Lend dated $ Ma % " R $ ' $ " ! % 7 " Cowlifornia Dairy, ' husbnad and , as maker, to er, and rch 23 2 (tog the er with all mod ficiatsoni and B$ $ % $ > % 7 ' the 8, 201 ? %< > 4$ % ? %< 1 $ " am % < % exteio ssnn th ereof, the "Estixing Lone Star Dairy Note. )" The Exi/stN '$ ing Lon e Star Dairy No te is ' he reby renewe ,d ended and · N$ ' ' $ % 7 th % $ - % " $ $ $ $ %"' $ ' 7 th $ % % '$ $ $ ' $ and restated in acco rdanc e with the term s and conditi sno of is note e Cr edit Agree nt. m e all Li > ' * and security % $ % $ % $ % '$' ? " $' Th si $ note ' is ' % securde by teraal Docutsm ne and ens upon rets cre taed und re any r writte n ' % $< inte : ' $ Coll $ % % $$ < othe < the $ $ '' $ ' % obli $ ' 7 Borrowe , %% % % $ term $ %"' $ $ instrumten or agree nt me stating N*% '' < exprelyss tha t i $ t sec ures the indebdn et ess , es or gtaions of r und re the s liabiliti ' % ' % " $ '$ $ % '$% " $ 7 - % " $ and con ditiosn of the Credit Agr em nt. e $ % $ $ ' Borrower s signed thi s not e effe vecti as of r firs t writte n abov .e ' ' ' 7 the yea R%'$ % $$ 5 77 $ 5 $ ' $ $ day , %% % ha < K < and BORROWER /U/ /. EDWARD business as Lone ar Dairy ' '' ' > St /?F-0? VA - DAO 4$ % 0 , doing ? %< ?-2 , JR. Ûmx ' ¿ J'J a 00w g business as e St ar Dai ry ARIL -0+> ALADAO, ' '' ' Lon > 4$ % ->-?-2 doin ? %< EXHIBIT /LD+,+: O 191 ( EXHIBIT 192 / % Edward Valad ao, % Jr. = - 0>2 ' RLOC's = - 8 2013 : %" Term : 89I (= 9 348204 79 ; TERM 1U:/ NOTE :/0 8 May 16, 2013 < $422,000 00 . [9 F $ FOR -> / VALUE 0/ /+ /? RECEIVED, $ the %' undisregn de (indiv dully ai and $ 5 < collec vely, ti "Borower"), hereby *% " ' prom se i to * < pay $ to $ % % the ordre 7 of 620 % < C, %% %C B 5 < BC> %C $ 7 6 % 0-,2,-1. 1 - RABOBAN K, N.A , . a $ national ! banking '' $ ass ation oic ("Lenr"de) the *% * prinip lca sum of Four D % Hundred : $<=: TwenTtywoThou and s Dollars ' " : ' ? %' $ and 1 No $' Cents B[9 ($42 00 000 2,) . and $ % '$ inteer ts at $ the % $ rate '* R spec diefi in $ the % $ Credit - % " $ Agrent m e between Borrower and > % $ Lendre dated ' as 7 of $ , %% % #% * % $ the $ date hereof (the "Credit Agree t"). nm e Prinipal c and $ % '$ inteer st are * < payable $ to > % Lendre at $ the $ " ' 4* R times specified in $ the % $ Credit % 7 B$ $ - Ager emnet. All * <" $' payments ' shall be " made to Lendre in 7 lawful " < money 7 of the United States 7 of -" % Amcaeri at 9(I 1498 Main 4$% $ Street, / El - % " $ $ > % $ $ 4$ $ ' $ Centro, - CA ( 98 92234, % or ' such $ % other * place ' as > % Lendre directs, in ' " same < day 7 'E fund. s / Each * $ capitalize d term ' used in $ ' this $ note $ $ that ' is % $' $% $ %" R definde in $ the % $ Credit - % " $ Agrent em will 5 have $ the " meaning '* R specifide in $ the % $ Cred ti Agree nt. m e This $ note will be $ %*% $ interpreted in : ' - % " $ % $ accordan ce with $ the ?% 7$ Drafting 5 $ ' Coon nv. nseit : ' % 7 %% $ $ $ This $ note ' is refer der to in, and ' is ' W $ subject to the $ %"' terms and $ ' 7 conditions of $ the % $ Credit - % " $ Agrent. m e Without " $ $ limitation, $ the % $ Credit F $ $ Agrent em e contain s provi ion ss for acce eration l of $ the " $ % $< maturity % 7 hereof upon the occurrce en of %$ certain '$ $ state d 5 $' event. s - % " $ 7 % % $ $ ' *% 5 ' ' 7 * $ %% 7 7 This $ note ' is an " " $ amendm etn and % '$ $ " $ restatement of the *% " '' %< promi sory s note in $ the " $ amou tn of [) $500,000 00 . given < by / % Edward Va adao l, : ' $ 7 $ 5 3 7 % ? %< Cowlifornia Dairy and -*% April Valdao, doing ' '' ' business as > Lone 4$ % ? %< Star Daryi & 7 % Cowlifornia 3 % ' Jr. doing ' '' bus ness i as > Lone 4$ % Star ? %< Dairy & $ Dairy, ' husnbad and 7 wife, ' as $ the " ! % makr,e $ to > % Lendre, and $ dated % March 8 23, 2012 B$ $ % (togetrhe with all " R $ ' modifi ation c s and N$ ' ' exte onissn ? %< thereof, $ the "Ex sting i $ % 7 Term Not)."e : %" : " The /N '$ Existing Term 1 $ Note ' is % < hereby % renewe ,d amendde and % '$ $ restated in % accordce an with $ the $ terms and condtio sin of $ ' this $ note and $ the % $ Credit - % " $ Agreemen t. 7 $ %"' $ ' : ' ' % ? " $' Thi s $ note ' is sec reud by $ the $ % Collat ra le Douc m nt es and all > ' Liens * upon and ' % $< sec tyuri interetss created % undre < any $ % other % $$ writte n $ % '$' % $ < % '$% " $ instrum nte or % " $ agreem nt e stating expr y ess l that $ it ' % ' $ $ '' secures the indebteess nd, liabilities % $ ' 7 or oblig tio san of , %% % Borrowre % undre $ the $ %"' terms $ $ '$ $ $ ' N*% '' < and $ ' conditions 7 of $ the % $ Credit - % " $ Agrent. em e Borrower has ' signde thi s $ note 77 $ 5 effective as 7 of $ the < day and < % year firs t % $$ writte n above. $ ' ' R%'$ 5 , %% % ' BORROWER ,U00U /0 7@ EDWARD ->-?-2 VALADAO, 0 JR., ' '' doing bus ness i as > Lone 4$ % Star ? %< Dairy /?F-0? ' (lçJ¿ ·72Q¡y -#0+> APR L I ->-?-2 VALADAO , doing ' '' ' business as > Lone 4$ % ? %< Star Dairy EXHIBIT # P /LD+,+: 193 (8 EXHIBIT 194 ··- .. - --- - ------ --------------- ·· Edward Valadao , %; Jr.- 0>2 ' RLOC's - 20 13 = - 6 %'$ First / % 8 Amendm nte -" " $ Lone 4$ % Star ? %< Dairy: 89I (= 348201 79> Term: 89I (= 348279 40 : %" X FIRST - /1? /1: AMENDMENT :2 TO >2-1 LOAN ?2 /1:4 DOCUM NT SE /+04: : ' ' $ $ 5 This is the R%'K first -" " $ Amendment to $ the > Loan ? " $' Documents 5 evidenc ng i the above % % referenced % ' ' transactions B % 7$ % (herfter iean the " ]-" " "Am . )endm nt "e lt ' is $ dated ' as 7 of < July E 11, I 201 3. lt ' is $ between /?F-0? EDWARD ->-?-2 VALADAO , 0 JR. B]/ % ("Edward Valadao. %C Jr.") and -#0+> APRIL $ X E ' ->-?-2 VALADAO BC-*% ("April Val adao ,)" husband and wife, ' '' doing busien ss ' as > Lone 4 % Star ? %< Dairy B/ % (Edward Valadao , % Jr. and -*% April Valadao % are 0-,2,-1. ^, %% %^ BC> %] individually and $ 5 < collvely, cti "Borrower") and RABOBANK , 1c- N.A., a $ national ! banking '' $ association ("Lender . ) " Borrower and > % Lender 5 < , %% % agree as 7 ' follow :s % ' Borrowe r and > % Lender 5 have $ % entreed $ into a % $ Cred t i - % " $ Agreement $ dated < May 16, 8 2013, B' (said % " agreement ' is hereinafter referred $ to , %% % % % % 7 %% as $ the ] % $ "Cre t id - % " $C Agreem "). nte The % $ Credit - % " $ Agreement and all $ % other $ " $' agreem nest and '$% " $' instruments % Q % requ redi by > % Lender $ ; for * %* ' ' purpos es of ' : < % $ > / $ %" ' evid cing ne or ' % securing the Loan % % are herein % $ %% referred to ' as ]> "Loan ? " $'C Docum .ns" et Each * $ capitali zed term used + in + ' this -" " " Amendm nte that ' is + $ $ R defined in $ the $ % other > Loan ? " $' Documen s t and $ not R defined $ ' in this -" " $ Amendm nte will 5 have $ the " '* R meaning specified in $ $ that > Loan ? " E Docum nt. e Thi s : ' Amendm nte will be $ %*% $ interpr ed te in % accordance $ with the ?% 7$ Drngafti Conevntions . 5 $ ' -" " $ 7 Borrower and > % Lender ' wish $ to " amend certain *"5 ' ' proon vis si of $ the > Loan ? " $' Documents ' as ' $ set 7 %$ forth in $ ' this -5% " "X Amendm ent. , %% % $ 1. Original 'N% " ' Instrum nt se to 0 " Remain + in /77 $ Effect. /N *$ Except ' as " R modified < by $ ' this -" " $ Amendm nt,e each of Loan 2% $ > the Docume st n shall % " rema ni in 77 $ effect and % are 5 valid, binding and 7 % % enforecable accord ng i to $ % their $ %"' terms. +$ If < any $ conflict ari ses between ' ? " $' $ % ' ' $ ' $ ' ' this -" " $ Amendm nte and the % original > Loan ? " $' Document s, $ then thi s -" " $ Amdment en shall $% control. /77 $ Effect ( on > Loan ? " $' Document . s 2 On and % after $ the $ daet 7 of $ ' this Amendm .nte -" " " (a) B each % % refeer nc e in the > Loan ? " $' Documents C % ] ] % % C % 7 C to E ' 'this - % " $] Agre,t"enm "heruend er ," "heer of," "here i"n and ' such $ % other ! like $ %"' terms ' shall " mean and be a 0 7 % refernece $ to $ the > Loan ? " $' Document s $ as $ amended by $ ' this -" " $ Amendnt. m e ' < (b) Effect 7$ ' of this -" " $ Amendmen t Unless $ % ' othelWi se stated % herein, $ the ' changes and " " ' amne dm nts e conta ned i in $ ' this /77 $ '' '$ $ $ B ; ' Am endm nte shall be %5 effveei ct as K of $ the B date R%'$ first ' $ set forth in the opening * % % * paragraph $ to thi s Am endntem (the ]-" " $ "Amendment / $ 5 Effective -" " ' B $ $ ' * -" " $ B$ Dat . )e" 8 ' Modifi de : %"' Terms 7 of $ the % $ Credit - % " $ Agreement. : The % $ Credit - % " $ Agreemen t is " amended as follo ws: R + '; ' 2. + 4 $ Sect oni 9 2.04 7$ of the % Credit - Agreem net the following: $ B ; 2.04 9 ^ shall be % rep ace l d in ; its " K entier ty and superse ded with % Require d Paym :en st Maturity ? $ Date. 0 % $ % # <" $' ' , %% % (a) Boro rwer shall * < pay accrued $ % '$ interest on B the : %" Term > Loan - '$ on August )E 5, 8 2013 and on the fifth $ R7$ B8 : > day Z of each " $ month 7$ % after ' the Closing ? $ Date $ to $ the Term Loan % < Matuirty Date. 8 ( < , %% % + (b) Boror wer ' shall * < pay : %" Term > Loan * "* prin palci in the " $ amount 7 of ) $6000 00 , ,. on - '$ August ) 5, 8 2013, B $ $ % 7$ % and on $ the R7$ fifth < day 7 of " $ each month the er after to the : %" Term > Loan $ % $< Maturity ? $ B R Date (defied n herein). % : (c) The * unpiad *% * principal baancl e of, * all unpaid " accrued inter ets on, and all $ % other % ' chages r + $ % '$ K B % '* $ under $ ' this % " $ agreem net with respect $ to $ the : %" Term > E Loan, ' $ shall be * paid on < May 8 30, 9 2014 B$ (the ]: %" "Term > Loan % < Matu ty ri % ? C E Date .)" Edward Vaadao l . Jr. - 0>& RLOC s ' - Y 2013 - ' First -" " Amendm t ne / E First -" " Amend men t to " " Loan " "' Docum nest 6 ' " +5 EXHIBIT Q /LD+,+: 195 () , %% %E' 3. Borrower's 0 % ' $ ' Representations. + ln $ addit oni $ to B the + * ' $ $ ' representations and %% $ ' warranties " made < by , %% % Borrower in the 8 Loan ? " ' Documents , , %% % Borrower %% "' warrants and % *% ' $' represents $ to > % ' Lender as 7 '; follows: > (a) No Change in , %% % Borrower and & % $ % Guarantor . : % There ' has not been any change in $ the %' * ownership % or structure 1 K ' % % of < B Borrower % or & % $ % Guarantor % or $ % their ' ''; business; $ $ that $ the % ' $ ' reso utions l provided $ to > % Lender $ with % '* $ respect + to the > Loan ? " $' Documents % are + in 7 full *% 5 , %% % force and 77 $G effect; and $ $ that the undersigned remain $ % authorized " to $ act on 7 behalf K of and bind , %% % Borrower and & % $ % Guarantor. ' as % $ %' % " appropriate . If+7 < any of B 7 % the foregoing ' is % $ inaccurate % or incorrect, in < any < way, the %' undersigned , ' as 5 ' ind viduals i , % agree $ to ""7< indemnify and %% $ **% *% $ hold > % Lender harmless from < any and all "' cla ms, i losses % or " ' damages that Lender N* % ' experiences % or %' incurs ' as a % ' $ result. %" '' 7% " '' ' > % 1 (b} No /5 $ Event K of ? 7 $ Default. : % There ' is no /5 $ Event of ? $ % Default or 5 $ event which, not cei % $ or the *' lapse 7 of time wou d l be $ $ " with B an /5 $ Event 7 of ? 7 Default % under the > Loan ? " $' Documents. (c) B Warranty + 7 %" $ Information. : The $ $ information & " ' furn shed i to > % Lender < by , %% % Borrower as part 7 of this were F %% < $ ' * $ ' Amendment -" " $ % % > %$ furnished ' as a " $ % material " $ inducement for Lender to " 7< modify $ the terms of $ the > Loan $ with , %% % Borrower and ' is 7 %" information * upon which $ the % ' $% ' > % Lender ' is % < rely ngi on in % $ granting $ the $ %"' terms % %5 hereunder. , % Borrower further warrants and % $ ' guarantees $ E that all $ the 7 $" information 5 given $ to 7 % %% $' er +4 is "* $ comp ete,l accurate and $ < fully % *% ' $' , %% % ' represents Borrower's R financ al i and * % $ operat ng i condition . s the Lend > % $ '5 % $ $ 0 *% ' $ $ ' (d) Continuing Representations and F %% $ ' Warranties. : The % *% ' $ $ ' representations and %% R ' warranties 7 of , %% % Borower and B > Guarantor ' $ set 7 %$ forth in the Loan Documents are $% true, %% $ correct, and "* $ complete + in all " $ % material % '* $' respects . & % $ % ? " $' % 9 $ ' 4. Conditions 7 of $ ' this -" " $ Amendment. > % Lender ' shall 5 have no obligation $ to N execute this Amendm nte % or * %" perform $' its $ ' -" " $ E ' obl gations i under $ ' this -" " $ Amendment '' unless and $ until $ the 7 following $ ' conditions % are ' $ 'R satisfied on % or 7 % before - 'K August 11 2013 % , 8 BC: %" ("Termination ? ^ Date . ) " If $ the 7 following " ! ' conditions " $ precedent % $ are not ' $ 'R satisfied on % or 7 % before $ the : %" $ Termination ? $ Date, then the $ B outstanding *% * principal balance of $ the > Loan and all % accrued and * unpaid $ % '$ interest and all $ % other " $' amounts * < payable % under $ the > Loan $'$ , " demand, protest notice 7 of "$ " intent to " % $ accelerate , Documents ' shall " become "" $ < immediately due and * < payable $ without *% ' $" presentment ? " $' *% $ '$, $ notice 7 of " " acceleration % or $ notice % Q % " $' requirements 7 of < any $ % other ! kind, all 7 of which are wai ved < by , % Borrower and & % % Guarantor and > % Lender % 5 7 $' C ( > may N "' exercise < any % or all of its R $' rights % under the Loan ? " $' Documents, % unh ndered i by this $ ' Amendment: -" " $; " < < and (a) B , %% % this -" " $ Amendment $ to > Lender, and > % ' N $ Lender has executde M' this -" " $ Amendment Borrower ' has N $ executed and 5 % delivered $ ' (b) > %E' Lender s ' % *$ receipt K of all $ % other documents , !" information and % *% $ ' other preconditions % Q " required < by > % Lender. " $' B ) +' agreeing $ $ % $ 5. Reservation 7 of 0 $' Rights. : Though > % Lender is to " amend $ the > Loan ' as ' $ set !" forth % herein, > % Lender % ' %5 ' reserves all rights and % " ' remdeies $ to which it ' is, % or " < may " become , < legally $ $ entitled % under $ the > Loan ? " $' Documents . Accordingly , this Amendment - % " % Lender % or of any defau t l % or $ '$ $ $ ' < /5 Event of ? Default " occurring 7$ % after the date of R' this -" " $ Amendment. $ % $' $ 1 6. No "" $" $ Commitment ' as $ to 6 $ % Future 6 Financing . : ' This Amendment is K not a "" $" $ commitment on $ the > %E' Lender s ' * % part $ to -" " $ ' IE " $ < Borrower % or < any % $ related $ $< entity F $ with < any 7 $ % future R financing in < any amount beyond $ the P %"' terms ' set forth in thi s Am enem dt.n provide , %% % *% 5 C ' + -" " $ " 7. No Offset, ? ' Defense % or " Claim. , %% % Borrower and & % $ % Guarantor do $ not 5 have < any B (a) ' $' offsets '$ aga nst i the " " amount C D payable % under $ the > ? " $'G Loan Documents ; B (b) 7 ' ' defenses $ to $ the * <" $ payment 7 of any amounts % under the Loan Documents ; % or B (c) "' claims > ? " $'G * < < " $' '$ : the against > '; Lender " in $ connection with $ the > Loan ? " $' Documen . ts To extent < any ' such "' claims do exist, , $% % Borrow re and & % $ % Guaran ort hereby $ N$ $ N '$ % < waives $ " them $ to the fullets N$ " extent * %" permitted < by law. $ $ 'K 5 ' I : N $ 8. No F 5 Waiver. The execution , 5 %< delivery and 77 $ 5 '' effectiveness 7 of this Amendm nte ' shall not, N *$ ' except as express y l ' -" " $ / N* '' < *% 5 * % E 7 provided % E herein, operate ' as a 5 % wa veri of < any % $ right, * % powre % or % " < remedy 7 of $ the > Lender % under $ the /" Credit - % " Agreemnt or $ K other > Loan % Document , s % nor '" constitut e a 5 % waiver K of < any *% 5 ' provision 7 of the Credit - % " $ Agreement % or $ % other > Loan ? " $' Docum nets . $ % ] ? " $' = Edward Va ad l o,a Jr. = - 0>2 ' RLOC's - 8 2013. 6 %'K First -" " $ Amendm net % / " D" First -" " " Amdm en ent to > Loan ? " ' Docu ntem s 2 = 196 ( demand cos '$' expenses $ Len N* ' ' incur %% " all > % ' $ Expe ses n. The , %% % Borrower sh all pay st and ed r by der in con enction : /N ' ' * < on < the 9. ( $ ' Ame -" " $ " '$% $ K 6 ' B wit $ $ > Fees with the *% * % $ preparation , executio , n del ivery, filngi , and adm on strat iini of this dme nt n (in ung dic,l oh ut l " $ $ m i tai tio ,n Legal R 5 %< $ $ N $ advising > % ' to $ its $' rights, the 7 an 5 ' the $ cos % % $' and -" " $ $ Lende $ prepa *% * % $ 7 $ ' '$ %% incurer d in $ connecti no wit h the on tiar of this Amendme t n and r as t of y credit < , %% % ' obligations records) $ Lender !' and $ ' to *% * ' % > % , %% %' properties 7 $ % % ' ver fication i reports % R or fiedl N " $ ' examina ons ti of the Borrower's or books . Borrower's 5 % R $ % * %$' , %% 7' 7 thi repayment 7 Borrower -" " $ $ ' $ Le > % % $ ' % * <" $ of under s 4 $ Section sha ll ' %5 5 surv ve i termination s Amendm nte and s ' obligat onsi to nder under the $ of $ ' $ ' % thi % $ - % " $ Credit Agreement. any % provision % : inval $ %" or *% 5 ' of $ ' Amendment 7 #% 5 ' ' % % $< 7 this -" " 4 5 % 5 $< 10. Severabi ity l of Provisions. The tydi i or unenforceability of , or < term in the Loan Documents , shall not affect the validity or enforc tyabil ei of the remaining terms of the Loan; and each prov sion i in this val enfor 7 % 7 '$ N$ $ * %" $$ ' 5 the $ full ' appropr **% *% $ Ame dment n , or the Loan Documen ,s t as te a, i sh all be id and ceabl e to est ext ent perm tted i by aw. ? " "' $ > -" " $ % < lZ $ > ? " $' ' $ 77 $ $ 5 $< % 7 % $< 7 $ % " $ %"' 7 > G *% 5 ' $ ' -'' ' Ass : *% 5 ' ' 7 thi $ ' the ' bind -" " $ % '* $ 5 Bind ngi on rs, i Successors gns i. The provisions of s Am ne dment shall 4 '' %' and , He $ respective D %' 11. '' ' of assigns 7 the * 'E ' '' %' $ pa " '$% E %' % *% ' $ $ 5 ' heirs, N $ %' executors , persona l representatives , administrator s, succ ssor e s and rtie .s * %' %' $ N $ " $' $ exe $ $ may '' %< % ' to , %% % Fu rther Assurances. Borrowe r agrees cute any ona it i l doc ument s that necessary or % 6 %$ % -'' % ' < add " < be 12. 7 this -" " $ $ ' Am $ $ $ inte des redi by Lender effectuate the nt and * %* ' purpose of en me d nt. > % to ' % $ 77 $ $ < exec N $ any " $ of Counterparts : ' 7 counterparts of 7 which 13. Exec onti u in . Th si -" " $ Amendm nte may uted in , each $ %* $$' 8 $ " ' /N $ " < be < number all of ori K wh ' " to ' be deemed $ be an $ ! '$ $ $ but $ one $ % when so executed and 5 % delvered i shall nal gi and chi take n t$ % ogether sha ll constitute and the ' N $ ' " same '$% " $ instrumen t. ' $ %*% $ $ l ' 7 the $ State 4$ $ of 7 7 % -" " $ : ' Governing > Law. Thi s Am endm nte sh all be interpr edte by ngi the aws of California wi thout $ $ ** < & 5 % < apply 14. 9 7 $ regard to its confli tc of law *% * ' prin es.icpl % % $ $' 7 the $ < 5 ' of year % $$ above 77 5 as E ' -" " $ The * %$ ' parties 5 have ' signed this Amendment effective day and rst written . : < K fiR%'$ ) 99 ,2002F/0 BORROWER 0 doi ->-?-U /?F-0? VALADAO EDWARD , JR., ng bu sienss as ryi ' '' ' Lone > Star 4$ % Da ? %< ~&DAd~ ÄRIALAöAô,öìñg business as Lone Star Dairy LENDER >/1?/0 RABOBANK 1 - 0-,2,-1., N.A. ,A ; Ti:.=:=s 1F: : • By~N " @ "= Y @M : ; 0>2 E' -" " Edwa dr Va ada l o. Jr. - RL OC's -X 201 3 - 6 ' First Ame dment n > 8 / % First -" " Ame dmen n t to Docume snt 6 $' > ? "" "' Loan = '/+ R K X + 3 = ...... . ---·---------------------- 197 --------------- - ------ -- -------- · -- . ------------------ - -1? 214/1: ACKNOWLEDGEMENT CONSENT 6 OF GUARANTOR($ : ) & -0-1:20B4 ; - .12F>/?&/ /1: AND -" " $ and (ii) R ' that $ $ its $' Guaranty & % $< $ $ 7 % The %' undersigned % < hereby (i) and ' $' oonsents to the foregoing Amendment ! ' : B oonfinns B acknowledges any 7 $ % the $ % $ 2 $ ' , %% % under " and < and remains in B full for ce and effect and guarantees all Obligations of the Borrower Credit - % " $ ' Agreement , as amended, % $ ' 7 % % " ' 77 $ $ Guaranty & % $< all Guaranteed 2 $ ' Obligations % under the . $ % & % $ other & -0-1:20 GUARANTOR @ /? -0?2 ->-?-2 EDUARDO VALADAO EctNard Va adao, l Jr. - 0>2 E' RL sOC' · 201 3 ·=6 '+ First Ame ndment -" " 8 / % E First -" " Amendm nte to Loan Documen st ? " $' 6 %'$ + > E 4 = 198 (I / % Edward Va adao l , Jr. - 0>2 ' RLOC s ' = - 2014 % > Lone 4$ % Star ? %2-1 LOAN ?2 /1:4 DOCUMENTS 4/ 21? X : ' -" " $ Thi s ' is $ the ' second Am endm nte to $ the > Loan ? " $' Document s 5 evidencing the 5 above % $ % refeercned transosnac it (hereinafter the $ $% ' R ' B % R 5 -" " $C >E /?F-0? "Amendmen t'). lt ' is $ dated ' as $ of - '$ Augu ts 21, 9 2014. +K lt ' is $ betwe ne EDWARD ->-?-2 VALADAO , 0 JR. B / % ("Edwa dr Valad o,a Jr.') and -#0+> APRIL VALADAO BC-*% ("Al pri Va adao l, ) " husband and wife, doing ' '' ' busi ess n as > Lone 4$ % Star ? %< Dairy B/ % (Edward Va adao l , Jr. and -*% April Valadao $ are ->-?-2 % ' +$ Borrower and > % Lender BC < , $% % E, %C '' $ indiv dually i and $ 5 < collectiv ly ,e "Borrow ) " re and 0-,2,-1. RABOBANK , 1 - N.A., a naitonal ! bank ng i ason soc atii ("Lender"). + 5 < % ' agree as 7 '; follows: , % Borrow er and > % Lendre 5 have $ % entered $ into a % $ Credit - K " Agreement $ dated < May 16, 8 2013, and $ that certain 6 %'$ First -" " $ Amdment en to > Loan $ > % +' ? " $' $ Docu nt sm e dat ed < Ju yl 11, 8E 2013, and $ $ that %$ certa ni Extens on i Letter $ dated < May 16, 9 2014 B' (sa d i $ " $ agreem nte is % 7$ % % 7 %% hereinafter referred $ to ' as /N$ ' C : the "Cre% dit - % " $ E Agree nt" ).m e The % $ Credit - % " $ Agreeme t n and all $ ; other % " ' agreement s and + '$% " "' instruments required < by > K Lender for * %* ' ' purposes $ of % Q % " 7 % C> / " 5 $ %" or ' % $ secur ng i the > Loan ar e % here ni referred $ to ' as "Lo an ? " $'^ Document . " s Each * $ capita zed i l term ' used in ' this -" " $ Amendm nte that ' is evidencing % % % 7 %% $ K R defined in " the $ % other > Loan ? " $' Documents and $ not R defined in this $ ' -" " $ Amendment will 5 have $ the " meaning '* R spec deifi in $ $ that > Loan ? " Documen t. This : ' -" " $ $ Amendmen t will be $ %*% $ interprete d in % accor ance d with the ?% Drafting 5 $ ' Conventions . Borrower and > % Lendre E' wish $ to " amend %$ certain *% 5 ' ' provisions K of the > Loan ? " ' Documents ' as ' set 7 %$ forth in $ ' this -" " $ Amendment. , % 1. Original + % " ' Instruments $ to 0 " Remain in / $ Effect. /N *$ Except ' as " R modified < by $ ' this -" " > Amendm ,nte each 7 of the Loan $ > 2% ' Docum sen t shall % " remain in 77 $ effect and % are 5 valid, binding and % enforcaeble " accongrdi to $ % their $ %"' term. s If < any $ % ' ' conflitc arises between ? " $' $ +"' -" " $ this Am endm nte and $ the % orina gil Loan ? " $' Documents , then this -" " $ Amendment ' shall $% control. > $ E ' +$ (a) Effect on > Loan ? " $' Documents . On and 7$ % after $ the $ date 7 of $ ' this -" " $ Amendment , each % 7 % refeernce in $ the > Loan ? " $' Documen st / $ B8 to "this Agreem,en t" "hereunder ," ^ ] % 7 "hereof," C C % C 'he n" eri and such $ % other ! like $ %"' terms ' shall " mean and be a % $ referen ce $ to the > Loan ? " $' Docum s en t ' ' as " amend ed < by $ ' this -" " $ Amendme nt. $ ^+ ' - % " $C ] " % (b) Effect 7 of B this -" " Amendment. '' Unless $ % ' otherwise ' $ staed t % herein, $ the ' changes and " " $' amendm nt se cont ned ai in $ ' this /77 $ $ B -" " $ ' * % % * Ame ndment sha ll be 77 $ 5 effective ' as K of the $ date ) )K first ' $ set 7 forth in $ the * open ngi paragraph $ $ ' to this -" " $ Amendm nte (the C-" " K "Amne dm ent Effective /> W5 B Da . e)"t ( 8 (C Modified : %"' Terms 7 of $ the % $ Cred t i - % " Agreement. Th e % C Credit - % " Agreement ' is " amended as + '; follow :s : R ' 2. 4 8 5 (Bl , % " ' % i. Section 1.03 (bl (viii) of the % $ Credit Agreement shall be rep aced l " in +$' its $ entirety and ' ' super eded s with ' the 7 following : ; $ + (8) BI "" / with % '* $ respect to Eligible 6 Feed + 5 $ %< Inventory, Borsrower' cost $ %% " dete mined r in a " % maner , %% %' 'K acceptabl e to > $ Lend . er *$ $ ii. "" 4 $ Section 1.07 7 of $ the % $ Credit - % " $ Agreement ' shall be % * replaced in $' its $ % $< entirety and ' %' super eded s with the 7 ; following: $ 1.07 Required # <" $'G $ % Payments : Maturity ? $ Date. 0 % (a) B 7 '$ , %% % Borrower ' shall * < pay % accred u inteer st on the > Line of % $ Credit on 4 *$ " % Septem bre 20 41 and B+ on )5, 9 ? the R fifth < day of each " month 7$ 5 after $ the '" Clos ngi Date to $ the > 7 % $ Line of Credit $ % $< Maur tity ? Dae.t , % ' 7 (b) Borrower shall * < pay > Line 7 of % $ Credit *% * prncipal i in $ the " $ amont u of ) $21 000 00, ,. on Septembre 5, )E 4 *$ " % B 9 2014, and on $ the R7$ fifth < day 7 of each " $ month C $ % thereafter $ to $ the > Line K of % C Credit "< Mat yt ui r Daet B R (defined % here n).i ? $ / " Edwrad Valadao, 5E Jr. - 0>2 KO RLO'Cs - 9 2014 " E Second -" " $ Amendm nte to Loan ? " ' Documen s t 4 > 199 (( $ % (e) The unpaid principal $ balance 7 of, all * unpaid % accrued $ % '$ interest E on, and all other % ' charges * *% * : B $ under $ ' this % " $ agret enm e with % '* $ respect to $ the > Line 7 of % $ Credi , t ' shall be * paid on - '$ August 8 E 31, ) 2015 B" (the ]> "Line K of $ $ Credit % Maturity ? ] Date .)" % iii. ' % Section 9 2.04 QK of the Credit - % " $ Agrent m e shall be % * replaced in $' its "< entirety and ' * %' superesded with $ % $ 4 $ 7 < ; the following : $ 2.04 9 Required # <" $'G Payments: $ %" Maturity ? $ Date. 0 % (a) B Borrow r e ' shall * < pay % accrued " % '$ interest on $ the : %" Term > Loan on 4 *$ " % September ) 5, 9 2014 and on $ the , %% % Date. ""< ? $ fifth < day 7 of each " $ month % after $ the ' Cloisng ? $ Date $ to $ the : %" Term > Loan Matur ty i R7$ (b) Borrower ' $K shall * < pay : %" Term > Loan *% * principal + in $ the " $ amount 7 of [ $6,000.00, on 4 *$ " % Septemb er )5, , %% $ B $ : %" 2014, and on $ the fifth day 7 of " $ each motnh $ % 7$ % thereafret to $ the Te rm > Loan % < Maturity ? $ Date B R (defined % herein). R < 9 (c) The * unpaid *% * principal balance 7 of, all * unpaid % accrued % ' interest on, and all $ % other % ' charges : BB under this agrement with P '* $ respect $ to $ the : %" Term > Loan, ' sha l l be * paid on - '$ August 8 31, ) 2015 B$ (the C: %" "Term > Loan $ ' % " $ % Matur ty i ? E Dat.e)" $ % $< Section B>2, 3.08 7 of $ the % $ Credit - % " $ Agrement ' shall be % * replaced in 0' its $ % $< entirety and ' * %' supredesed with the $ $ 4 $ (a) B8 following: 7 ; > $ 3.08 ACH # N" $' Payment .s Borrow re $ % ' authori sez Lender $ to, K at > %E' Lender's option in each '$ instanc ,e initiate $' debits , %% % 8 I - D *$ $ $ to Designated - $ Account, on the due date, $ % for all $ % '$ interest and *% * princ pali payments , < any 7 ' fees and N* ' ' expenses , and < any the ? ' $ * <" $' $ $ other amounts due and * < payable < by , %% % Borrow r e $ with P '* $ respect to the > Line K of % $ Credit % or : " Term > Loa,n < by " ' means 7 of $ the $ % " $' $% '7 % autom c tia clearinghouse electronic funds transf re '<' " sysem t, by % $ diretc $ debit 7 of $ the ? ' $ Designated - $ Account , % or < by < any $ % other 7 ' $ " $ % ' < C- D comme lly acir accpeted " $ method B % 7$ %K (hereafte , r "ACH # N" ' E Payme ts") n. Lender shall 5 give , %% % Borrower not '' less " than $ ten <' days $ notice *$ > $ ' "" % < +K - D $ 7$ % before beginnin g ACH Paymnt es. If > % Lender $' elects + to $ init atei ACH # <" $' Paym ,ntes Borrow re will the erafter maintain " $ 7 % - D # <" $' , %% % in $ the ? ' $ Designa edt Account on the dates > % Lender $ %' enters $' debits 7 % for - D ACH # <" $ Payment 7 of % % < regularly ' schedulde sufficient 7 ' funds - $ $ ' ' 7R $ paymnets of $ % '$ interes, t *% * principal , and 7 'E fees, 7 if < any. +7 If % there % are ' 7R $ inseuffi ntic fund s + in the Designated - $ Account on the date ' ? ' $ $ 7 * <" ' enters < any $ debit $ % authori ed z by $ ' this % " $ agrem e ent , Lender " < may % 5 %' reverse $ the $ deb t. i , %% % Borrow re % ' agrese to upon Lender $ %' $ * > % > % < request by > % Lend , re N $ execute and 5 % deliver to > % Lender an - D ACH # <" $ Paymen t authoriza tion in form and $ content ' $ '7 $ %< satisfactory to + 5% $ $ Q '$ < Lender. > %E + , %% %E' 3. Borrow 'sr e Repreesatntion s. ln $ addi oni t to $ the % *% ' $ ' rep on rese si tatn and % ' warranti es " made < by , %% 'K Borrower in $ the 0 % ' " ' 8 Loan ? " $' Docum ntes, Borrower $% ' warrants and % *% ' ' represesnt to > % Lender ' as 7 '; follows: $ > , %% % :E $ (a) No Change in , %% % Borrow re and & % $ % Guarnator . Ther e ' has $ not been < any change in $ the $' * owner hsip or '$% $ % structure 7 of % 1 B Borrower % or & % $ % Guarant ro or $ % their ' ''; business; $ $ that $ the resolution s *$ 5 provid de $ to > % Lender $ with % '* $ respect $ to the > Loan ? " $' Docume nts are in 7 full % % ' ' , %% % % %' $ 7 % % " for ce and 77 $ effec;t and $ $ that the undersign ed remain $ % autho zedi r to on 7 behalf K of and bind , %% % Borrow re and & % $ $ Guaranro,t as act ' +7 $ 7 % **% *% $ approp atei. r If < any 7 of the foregoing +' is % $ inaccurate or %% > incorrect, in < any < wa,y $ the %' und gnised er, individu , lsa agree $ to " 7< indemnify and % ' 5 ' as % hold > % Lender harmless from any and all "' claim , s '' ' losses % or " ' damages $ $ that > % Lednre experiences or %' incurs ' as a % ' $ result. N* % ' %" '' % 7% " < (b) No /5 $ Evetn 7 of ? $ Default. There +' is no /5 $ Event 7 of ? 7 $ Defau t l % or 5 $ event whi,ch with notice % or $ the *' lapse 7 of $ " time would be : % $ 1 B an /5 $ Event 7 of ? 7 Default % undre the Loan ? " $' Docum ts . ne $ > : 4 7 %" $ % ' Waranr ty Informat ion . The informa no ti furni edhs to > % Lened r < by , %% % Borrower ' as * part 7 of $ ' this -" " $ Amendm nte were + 7 %" $ $ F %% R % (c) B $ %"' ' 7 % > $ 7 % ' furnishde as a " $ % maetrial induc nem et for > % Lendre $ to mo dify the ms 7 of $ the Loan with , %% % Borrower and ' is + 7 %" $ inform tion a upon whi hc the $ ter " " " 7< * $ , %% > % $ %"' Lender ' is % < rely ngi on in % $ granting $ the term s % % hereund e. r Borrower furt erh %$ ' warrnast and 7 ' guaant r ees that all B the %% inform ontia given to 7 %$ % $ 5 , %% %E' R the > % Lender ' is "* com ete, l p acceurta and fully represenst Borrow s ' re finan al ci and * % $" opera ngi t condition . s % $ $ ' < % *% ' $' : (d) Conitnuin g Represe tion nats and F %% $ ' Waranes ti. The % *% ' $ $ ' represse notinat and %% ' warant r ies of , %% % Borrower and 0 % ' $ ' " 7 B; % Guarnt rao set 7 forth in the > Loan ? " $' Docum ntes are $% true, %% $ correc , t and "* $ comple et in all " $ matlaeri respe.sct & % % ' $ % '* $' > % Condition s of this -" " Amendm nt. e Lender ' shall 5 have no $ oblga onit to N $ execu et thi ' s -" " $ Amendm nte or * %7 %" perfmor its % $ ' ' $ 9 4. $ $ ' '' $ ' obligation s under $ ' this -" " $ Amnedment unless and $ until the 7 follow ng i conditions % are ' $ 'R satisfide on % or % before - '$ Augtsu 11, 8 2013 % ? $ E BC: %" " *% $ ' ("Terminati no Date"). E +7 If $ the 7 following cond itosni preced nte are $ not ' $ 'R sat sfie id on 2+ or 7 % before " the : %" $ Ter on mi i atn Daet, $ then the % ? $ 7 outs ngantdi principal balance of $ the > Loan and all $ accred u and unpa d i $ '$ interest and all $ % other " $' amounts paeyabl under $ the > Loan $'$ *% * * % * < Edw dra Valadoa, Jr. %E - 0>2 ' RLOC's d - 2014 / % > 4 Second -" " $ Amnedment to Loan ? " $' Docum sen t 2 X -- T2c2c - -------------------- 200 $ 7 $ $ Documents ' shall becom e +"" $ < immediat y le due and * < payable $ $ without *% ' $" $ presnetment , demand, *% $ '$ prote , ts not ce i of $ $ intent $ to accel reate, " " ? " $' E5 % 7 notice K of % acc eratelion or $ notice % Q % " "' requirm esen t of < any $ other ! kind, all 7 of wh chi are 5 waived < by , %% % Borrower and & % $ % Guarantor and > % Lender % may N % ' exer seci any % or all 7 of ' its % $' rights % under the > Loan ? " $' Documents, % unh ndered i by $ ' this -" " $; Amendmen t: " < < < (a) B (b) B $7 00) 5. ; and [ ) G (c) B Borow r re has N $ executed and 5 % delivered thi s -" " $ Amendment to Lender, and > % Lender ' has N $ execut de this -" " $G Amendment ; > % $ ' $ ' ' , % > %E' Lender s ' receipt 7 of a fee in $ the " $ amount 7 of ) $606 65. ) (Cl osing fee )) 9 ; $500 00; . Credit 0 * %$ Report $ fee [8 ); $31 65. ; UCC 7 fee $ 5 $ B ' % *$ 7 > % ' %" $ % Q % Lend se'r receipt of Z all $ % other " $' documents , info mation r and $ % other *% $ ' preconditions required < by > % Lende. r % *$ 5. Reservation Right.s Though is % agree ng i to " amend the > Loan ' as ' $ set fort $ h % herein, > % Lender reserves % ' %5 ' 7 0 $' > % ' $ : Lender 0 %5 $ of ) $ > all rights and % " ' rem esedi to which it ' is, % or " < may " becom,e < legally $ $ entitled % under the Loan ? " $ Documn.est Accordingly , $ ' this -" " $ Amendment $ - % % Lende r 27 7 or of < any default % or $ $ " < $ ' 5 % Event K of ? 7 Default " occ ring ru after $ the date 7 of ' this Am endment. 7$ % /5 K -" " $ % $' +K 6. : ' No "" $" $ Commitmen t ' as $ to 6 $ % Fuut re 6 Finan ing c. This -" " $ Amendment ' is $ not a "" $" $ comm tment i on $ the > % ' Lender s ' * part $ to 1 prov de i Borrow re % or any related entity $ wiht < any 7 $ % futrue R financing + in < any " $ amount < beyond $ the B %"' terms ' $ set 7 %" forth $ $ ' in this -" " $ Amendm nt. e *% 5 , %% % $ $< < % $ 7. No 277' $ Offest, ? ' Defense % or Cl " aim. Borrower and & % $< Guarantor do $ not 5 have < any B (a) 77' $' offsets '$ aga nsti the " $ amount , %% % 1 under the Loan Documents ; B (b) 7 ' ' defenses $ to $ the * <" $ paym nte 7 of < any " "' amounts % under $ the > Loan ? " $'G Documents ; % or B (e) "' claims paybael $ > ? " $'G % * < '$ againts > % Lender in $ connection $ with $ the > Loan ? " $' Documents . : To $ the N$ $ extent < any ' such "' claims do N '$ exist, , $% % Borrower and & % $ % Guaantor r hereby < waive $ " them to the 7 '$ fullest N$ " extetn * %" $$ permitted < by law. $ 5 7 ' 8. No F 5 % Waiver. : The N $ execution , 5 %< del very i and 77 $ 5 '' effe venes i ct s of $ ' this -" " $ Amendm nte shall $ not, exce pt ' as N*% '' < expressly I 1 N *$ % provided % here n, i * % $ opera et as a 5 % waiver of < any % $ right, * % power % or % " < remedy 7 of $ the > % % Lender under $ the % $ Credit - % " $ Agre nt me or $ % other > Loan *% 5 ' Docum nt es, nor '" $ consettitu a 5 % waiver 7 of < any *% 5 ' provision of $ the % $ Credit - % " $ Agrem e ent % or $ ; other > Loan ? " $' Docum nts e. 7 % ? " $' 9. ( Ex pen es .s The , %% % Borrower ' shall * < pay on " demand all '$' costs and N* ' ' expenses %% incur edr by the > % Lender in $ connetcion : /N* ' ' < with $ the *% * % $ prepartaion , execution , delivery, filing, and " '$% administration 7 of $ ' thsi -" " $ Amendm nte (inc ng ud,i l without " $ $ limitation , > Legal 6 ' Fees N $ R B $ $ 5 $< $ ' -" " $ ' $ incurred in $ conneoncti with preparation K of this Amendment and 5 ' advising $ the > % Lender as to +$' its % $' rights, and $ '$ the cost 7 of < any % $ credit %$ the $ *% * % % verification reports ; or R fidel N " $ ' exa onmin si t a of $ the , %% %' Boro r wer's proprseti or !' books and % % ' records). 7 5 % R $ % * %$' *% * " ' Borrowe s ' r ' obligtaion s to > % Lender , %' $ ' 4 ' shall ' %5 5 survive $ %" termination K of $ ' this -" " " Amendm nte and % * <" " repaym nte 7 of , %% %E' Borrow r's e obl igations to > % Lender % under " the $ under B ' this Sect oni % Credit - % " $ Agreem nt. e % $ : % $ $ %" % 10. Sev ity aberl i of #% 5 ' ' Provi ion s s. The 5 $< inva idity l or 7 % $$< uneytnfor li eab ci of < any term or *% 5 ' prov osni i of $ ' this -" " $ Amendment , or 7 7 % 4 5 % % % < K in the > Loan ? " $' Docum , nt es shall $ not 77 $ affect $ the 5 $< valid ty i or enfor ty li cibea of the remaining $ %"' terms 7 of $ the > G Loa;n and each *% 5$' proviison in thi$ ' s % " ' Am dment en , or the > Loan ? " $'Y Documents , as **% *% appro e,pri ta shall be valid and 7 % enforceabl e to the full est N$ * %" $$ extent permitted by $ law. % $ 5 7 '$ ' -" " E ' < $ 11D . 4 '' %' : Binding on D %' Heirs. Succ ess osr and -'' ' Ass gns.i Th e *% 5 ' ' provision s K of this Amendm nt e shal bind $ the % '* 5 respectiv e $ ' -" " $ , ' ' he rsi, executors , * %' % *% ' $ R5 ' peron sla represnetativ es , adm nistrati ors, success ors and '' ' assigns 7 of $ * ' the parties. "" '$5 %' ' '' %' N $ %' 6 %$ % , %% % % ' 12.E Further -'' % ' Assra uces. n Borrower agrese $ to N $ execute < any $ addition l a " $' docum ntse that may be '' %< necessary % or $ $ " < desired < by > % % Lender $ to 77 $ effectuate the intent and * %* ' purpose of $ ' this -" " $ Amendm nt. e ' % " 8 13. Exeuc tion in " " 7 Counterp . srta Th s i -" " $ Amendm en t may be N $ executed $ in < any " % number 7 of $ %* %$' counte,rpa srt each of wh ich /N $ " < : ' ' " when ' N $ so executed and 5 % del vere i d shall be deeme d $ to be an % orinalgi and all 7 of which $ ! taken $ $ % togetreh shall " ' $ constitute but one and the ' $ same + '" " $ instrument. ' " 14. 9 & 5 % Governing > Law. : ' This -" " $ Amendm nte shall be $ %*% $ interped ret by ** < applying the ' laws 7 of $ the 4$ Staet 7 of % Ca iforni la witho tu ' $ $ $ < rega dr $ to ' its $ confiitc of law * "* ' principles. 7 % % Edwdra Va adao l , RLOC's - 9 2014 / % % - 0>2 E' Jr. ond -" " Amednment to Loan ? "" ' Docum ntse Sec 4 + > 3 = 201 $ < The * %$ ' parties 5 have ' signed $ ' this Amendment effective ' as 7 of the day and < % year R%'$ first % $$ written 5 E above. -" " $ 77 $ 5 : BORROWER ,2002F/0 EDWARD ->-?-2 VALADAO , 0 JR., ' '' ' doi ng business as > Lone 4$ % ? %< Star Dairy /?F-0? -#0 ->-?-2 ' '' ' > 4$ % $ LENDRE >/1?/0 RABOBANK, 1 - N.A. 0-,2,-1. ------- BF HH=HHHC^C @ $M r * -----C}, E7 By ------~~--~ : __ / _ ._y ___ <:> ...fl<-/Y' ,<; Nam:e --j;_1..__ _ .:.@@G _,.,· ; · . ..,8 ."....'" ß.....L..C t_ ..,.,..; > 1 " ; : $ ; : 1~; -^S "-- .._. CG ,..1 "" c- 1'--' --'n_ · .:..c_...c, i_ - , _ '¡ Title: ----'-=-~:... .sa: M " : _ · _ _.r..c _ · .J Edward Va ada l o, Jr. = - 0>2 E' RLOC's. 2014. / % %E 9 4 Second -" " $ Amendm nte to > Loan ? " $' Docm uenst 4 9 = 202 - .12F>/?&/ /1: ACKNOWLEDGEMENT -1? AND 214/1: CONSENT 26 OF & -0-1:20B4 ; GUARANTOR : )S ( : The %' undesig ed rn heer by B (i) ! ' acknow edges l and ' $' consents to $ the 7 % foregoing -" " $ Amendment and B (ii) R%"' confirms $ $ that $' its & % $< Guaranty % < 7 $ % " ' remains in 7 full 7 % force and effetc and % $ ' guaran ees t all 2 $ ' Ob igat ons li of the , %% % Borrow r e % under $ % $ the Credit - % " $ Agreement , as " amended, and any and ' < % all " % other & % $ Guaranteed 2 $ ' Ob iga lons ti under $ the & % $<5 Guaranty . & -0-1:20 GUARANTOR ? -0?2 ->-?-2 / % % Edwrad Valadao, Jr. = - 0>2 4= RLsOC' - 9 2014 = 4 nedme t n to Loa n ? " $' Docm u en ts Second Am -" " $ $ > 5 203 8 Edward Valadao , % Jr. O - ) 2015 / % Lone 4$ % Star ? %<; Da ry:i 348271 989I (= > Term > Loan: 89I 348279-4 (=9 : %" TH RDI AMENDM NT E TO >2-1 LOAN ?2 /1:4 DOCUM TS NE :2 - /1? /1: :D+0? X This ' is $ the $ % third Amendm nte to the > Loan ? " $' Docum nts e evidencing $ the 5 above % 7 % referenced $% ' $ ' transations c (herein ftrae the 5 -" " " : ' $ B % 7$ % $ lt ' is da ted ' as 7 of 4 *$ " % September 83, ) 2015. +$ lt ' is $ between /?F-0? EDWARD VALADAO , 0 JR. B^/ % ('Edward Va ad l oa, Jr.')C and APRIL ++ ->-?-U $ % -#0+> -" " $E 'Amendm nt') e. ' % E VALADAO BC- ('April ' Valadao , ') ' husbnad and wi fe. doing ' '' bus nessi as > Lone 4$ % Star ? %< Da ryi B/ % (Edw rda Valdaao, Jr. and -*% April Valadao % are ->-?-2 7 B > a $ naton i la banking '' $ associ iotna ('Lend r") .e Borrower and > % Lender , %% % ! 1- , , %^ individu llya and $ 5 < collcetively , 'Borrower ' ) and 0-,2,-1. RABOBAN , K N.A 5 < agree as 7 '; follow :s % ' E Borrower and > % Lender 5 have % entered $ into a % $ Credit - % " $ Agrent m e dated < May 16 , 8 2013, $ $ that ' was *% 5 ' < previously " amended by that $ , %% % $ $ < > $$ % certain 6 %'$ First -" " $ Amendment $ to > Loan ? " $' Docum nets dated < Jufy E 11, 8 20 3,1 and $ $ that %$ certain /N$ ' Exten ion s Letter $ dated < May 16, 9 2014, and $ $ that %$ $ certain 4 Second -" " $ Amnedment $ to > Loan ? " $' Documents da ted - '$ August 21, 9 2014, and + that certa ni %$ $ Extension > $$ % Letter $ dated - '$ August ) 25, ) 2015 B' (said / ' agreem , nte as " amend ,de is % 7$ % % 7 %% hernaefter i referred $ to ' as the "Cred t i - % " $] Agreem nt') e. The % $ Credit - % " $ Agreement and all % other % " $' agreements and ' : $ % $ ' % " $ instruments % Q % requ red i by > % Lender 7 % for * %* ' ' purposse 7 of 5 evidencing % or ' % $ securing the > Loan % are % herein + referred $ to ' as ^> 'Loan ? " $'M5 Documents ' . / Each '$% " $' < capitali zed term ' used in $ ' this -" " " Amen dm nte that ' is R defined in $ the % other > ? " $' Loan Documents and K not R defined + in $ ' this -" " $ Amendmen t will 5 have $ the B $ * $ R meanin g '* R specified + in tha t > Loan ? " $ Docum nt. e This -" " $ Amendmen t will be $ %*% $ interpre ted in % accordan ce $ with $ the ?% 7$ Drafting 5 $ ' Conventions. : ' " $ $ Borrow re and > % Lender ' wish $ to 7 %$ % further " amend %$ certa n i *% 5 ' ' provisions 7 of $ the > Loan ? " $' Doruments ' as ' $ set 7 " forth in this nt.e ' Amendm -" " 4 "" K 1. Origin l a '$% " $' Instrum tsne to Remain in Effect. Except ' as " R modified < by + ' this -" " $ Amendment , each 7$ of the > Loan /R $ /N *$ 2% $ 0 " Docum ent s shall % " rem nia in 77 effect and % are 5 valid, binding and 7 % % enforceabl e according to their $ %"' terms. +7 If < any $ conflict % ' ' aries s $ betwen e $ % ' ? " $' ' % this -" " $ Amendment and the original > Loan ? " $' Document s, then this Amendment shall control. $ $ ' -" " $ $ ' $ % $ $ on > Loan ? " Docum ts n. e On " and $ % after the date 7 of $ ' this -" " $ Amendment, each % 7 % reference in $ the > Loan ? " $' Docum nts e Effect / (a) B $ > to ]$ R' 'this - % " $] Agrem e', en t' "hereunder " , ] % $ E "hereof " , E % "herein ' and ' such $ % other +! like $ ' terms ' shall " mean and be a $ 7 % reference $ to the Loan ? " $' Documents ^ % % $ as " amended < by +R ' this -" " $ Amendm nt. e ' (b) Effect 7 of "< this " Amendmen t Unless $ %5 ' otherwise stat ed % herein, $ the ' chang se and " " $' amendm ntse conted ian in $ ' this $ '' '$ $ /77 $ B Amendm nte shall be 77 $ 5 effective ' as K of $ the $ daet R%'$ first ' $ set 7 forth in $ the * opening * % % * paragraph to this -" " $ Amendment B$ (the ]-" " $ "Amendment / 5 Effective ' $ $ ' -" " Dat).e" +S = Modified Tenns 7 of $ the % $ Credit - 5 " E Agreemen t. The % $ Credit - $ " $ Agreement ' is " amend de ' as 7 '; follow :s R : : %"' 2. % $ $ %"' $ ' (a) The Lone 4$ % Star 8 Dary i. Except ' as " amended below, all terms and cond tions i relat ngi to $ the > Lone 4$ % Star ? %< Da ryi /N *$ : > B shall % " rem n ai in 7 full B % ' force and effect: ' R i. $ $ Section 1.0 3 of $ the % $ Credit - % " $ Agreeme nt ' shall be % * replaced in $' its $ % $< entirety and ' * %' superseded with the 4 $ 8 :g followin 7 " ; 1.03 8 Line K of $ Credit , %% "E Borrowing Base. > (a) B C "Lin e of % Credit , %% Borrowing , ' C Baes" " ' means $ the ' " sum 7; of: B (i) * ' 100 % 7 of the Valu e 7 of / Eleblgii Dairy $$ ; Cae;ttl plus ? %< \ (ii) * ' 100% K of the / Eligible ? 7 %% Deferred Mi kl Accounts Receivab ; le plus ! - $' 0 5 ; \ " (i)i B 6 % 100 % K of $ the Value 7 of / Eligi e bl Feeder $$ Cattle determined on a " %! mark $ to " %! $ market \ bas s; i plus * ' ' '; (iv) B *+ ' 6 100% 7 of " the Value 7 of / Eligible Feed + 5 $ % % < overdrafts < $ B5 K the K calcu $ 6 % $ Lin > 7 % $ For * %* ' ' purposes of ation l of e of Cred t i Bo rrowing Bas e: , %% " , ' ; (b) B 0 5 - R " ' accoun $' ; "Account s Re ceivable" means ts which : (a) ngi of +$ " the % ' from $ provid *% 5 7 B arise "" account sr' $ %' $ debto 5 been % del *% 5 or R5 % '* R $ ' (if provided have 5 been accepted *$ by, specifications and have ivered lo, $ and B 7 any) < < account $ ordinary %' of 7 business, % %< course 5 payment ' '' (c) . debtor, arise i n the , $ %"' acceptable $ Lender $ % (b) *$ to * <" $ terms > %E B % ' ; have $$ paper % other $ chattel $ % instrument * * % or 5 by % not % '$% " $ (d) are , (e) not payable $ evidenced an * < $ on < a note, B are B $ % % val 5 uncondit installment basis , (B7 D are id, lega yll enforceab e l and onal i obligations , < + '$ " $ $ 7 account ' of $ debtor ' ' $ % credit, $ % " or ' $ 77 and $ ' W $ not subject $ to any , counterclaim, owance or % $ all % adjustment W '$" $ by debtor, $ 5 < setoff < account % to $ any " $ $ % % K in part or am i < by accou tn % debtor den ngyi li $< aity bil thereu nerd in wh eol or d (g) < not $ * %$ an < cl B( do % makes " ! ' void $% $ which $ %"' for % ' $ 7 a 5 ' 5 or arise out of , by s terms, bids, restri tcs or efenceab or l the contract " ' % un $ $ $ < it $' (i) B+ % the $ own % %5 ' $ ' goods ' by the ( account, comp services or sale of er of y l with $ which "* < < the $ Lender $ account; > % 7 '' " $ ass gnment i by , %% % Borrower to of the " $ < " C / " $! cows % bulls ? Catt " ' milk (ii) "Eligible Dairy e" l means , dry , breeding , heifers , ' ' 7 %' ' %< cows B , " %E' < $$ (a) other calves by Borrower cluding Bo rowe r sr' interest 5 ' and , %% % (not " "K in any $ % dairy %< cattle %< B $ in < dairy B owned = with % co-owned , %% %' ' " %' $ Borrower % Pe % other are $ at $ a cattle s ' customers or sons) r , (b) " , if any # %' ' <, which B located ' < replacement dairy by , %% % Borrower , including % * " $ heifers $ leased 7 %' located at $ third or $ % party $ %< owned * %$< locations R$'K priority % waivers ' W $ gned landlord ect j to with 5 ' in place; * ' security * ; (c) $ a first *$ si' $ acceptable *% % $< perfected ' % $< B sub fav 7 Lender $ any favor 7 5 % of 7 a Person interest in or of ; (d) not subject ; and > in > 5G ' $ to # %' other " Lender 5 % $ % '$ > %G $ % than < Lien B $ $ Lender; > %G (e) otherwise accep able t to *$ B $ "' "" 7 ! Acc ]/ ? 7 %% (iB i)i "Eligeibl Deferred Milk oun ts 0 5 Receivable ' means evab il - $' - $' Rece " ' Accounts 0 5 7 the % $ 7 be %% $ calendar % yea <' $ current ' 7% " the $ sal * resulti gn from e of fluid mi" ! lk du ng ri the l '$ ast 120 days of r to % ' $ paid < % 7 the $ respect 7% " $ Le % '* $ 5 after bmer 8 31 of ve i year m a creamery e l to dn er, (b) bject to ? " % *$ 7$ % Dece > % ' W $ + % " %< acceptab < % (a) B fro B su a first erest in favor of Lender , (c) subect j to or $ % '$ 7 5 % 7 $ ' W > % * %$ security % not $ any > in 7 5 % ' % $< int fav R%'$ priority *% % $< perfected < Lien B are (d) $ Lender of than Lender ; > % and $ % $ $ % ' acceptable > %; # %' other $ a Person *$ to B otherwise (iv) B / 7 % M E but 6 % Cattle " ' Feeder "Eligible Feeder Cattle " means mited to " , including K li " $ $ not " if , %% %E' $ % '$ 6 % Cattl,e Borrowe stees,r which (a) owned Borrower (not s r' interes t i n any by % B are '$ %' B $ including < Feeder < , = % $ % other $ % Persons) , %% %' '$ " %' or = with any, wh chi are s ' customers , (b) ocated in cattle % co-owned $ Borrower $ # %' ' < B l $ feedyards owned or l ' eased < by Borrower ; (e) ected sec urity i"$ % '$ nterest in R%'$ priority , 5% %; $ a first * %7 $ ' to *% % $< perf % ' % $< 7 < % ' B subject > in favor favo r of > % Lender; (d) subject to Person other dn er; and K a 5 % of $ % than (e) > %G $ Le 7 5 %'K $ ' W $ $ any # %' < Lien B B not otherwise ; > %G $ % ' acceptable $ Lender *$ to (v) B5 / $ % roughage % feed " ' % other "El geblii Feed 5 c%NM Inventory" mea sn grai ,n ' siage l and $ , feed 7 7 7 ' for P % feed is ' (a) by R ' 7 ,st n and finiseh d feed norma yll used ngi l 5 '$ ! ivestock which ingredie %" < $ % ' < and B owned $ $7 $ at $ ' , % $ third $ % party located on and owned or l ' eased < by Borrower , inc ud ngli that feed located l % $ * < locations pl aord ndl wa vers i in ace, (b) ject to t priority with acceptable * $ security R%' 5 %' $ a firs ' l % * ' % $< *% % perfected ' *$ signed B sub B " Person $ < favor of $ Lender $ % 7 Lender K subject a # $' oth interest in ; (c) any Lie n in er than ; (d) > %G ' W $ to 7 5 % of > %G $ % '$ + favor B B not P % feeding a not spoiled or otherwise e l for 7 livestock; $ unsuitab condition ' $ (e) $ % ' $ % ' in 5 '$ !G and $ '* % B otherwise acctepable to ; > %; *$ $ Lender C 2 4C ' $ cas N* ' ' " ' (vi) "Eligib e l I N" " nvestment in &% Growing Crops " mean s actual h expe nses in %% curred B + % *', as in connection including depreciation 7 crops ' approved *% $ and *% $ of production $ > $ not **% 5 by $ with $ the + < Lender, %% in crops $ *% $ the % *' " N* ' ' + conn deve opment l costs expenses incurred oncei t with production of oneit-me 5 *" $ '$' and " ' crops % harvested % *' are % 5 harvested ; 5 ' " investment to relei ved as ; %5 '$ G $ be 5 ' (vii) B5 /N ' ' ]/ Prepaid 6 Expenses #% * Feed " $' prepaid $ amounts "Eligible " mea sn the 5 %' " ' *% * to $ vendors (vi )i B5 E6 % $$ C "Fe eder Cattl e" me ans cattle ess than , held " weighing F not $ one $ l '' pound " ' E for K * % the 7 feed 7 "" R ' > %; *$ * % ' of acceptab e l to Ledner for commodities acceptab e l to ; $ > % $ purchase $ Lender *$ mark % others " *% meat $ %' ' " produc " ! $ in ultimate ' sale to using catt e l to$ produce , st and eta ble *% $' * %! %' or $ " $ + packers condi ion t; $ G "" ' 'M ]6 % cos " ' $ aggr ' ' N* ' ' (ix) "Fee rde Cattle Finishing " mean s the geate of 7 all st and expesnes % $ /" Costs B N % % expe $ "' ar oth "'K or N* ' % for d, " med cine, i sh elter an d all er item s of 7 cost se n which e customa yl i r or ' $ % '$ " "< % 7 % fee $ Edwrd a Va ad l ao. Jr. - ) 2015 K /"" 2T "" Third -" " Amenm detn to > Loan ? " $' Docum ents $ ) 205 otherwise expect de to be %% incurred $ to % brign 6 % Feeder " Catt e l $ to a weig t h at which $ < they % are " to be ' + sold $ % ' $ N* $ $ for ' $ R slaug ter h; $ % (x) BN '$'C 6 % "Feeder " Cattle " $ Market ng i Costs" " ' measn % ' reaso e ab nl expe ses n to be %% incurred in N* ' ' $ (xi) ]> 5 'Live $ Catt e l 6 $ Futures $% $ Con act' rt mea sn a !% ! contratc for % B the $ % future ' sael of 6 % Feeedr " ' the ' sael of $ the 6 % Feeder " Catt e l K at $ the * po nti 7 % for 5 %< delivery under > 5 a Live $$ Catt e l 6 $ % ' Futu es r Con ract t ; $ % $% $G BN Catt e l ' which has been $ % entered into " or could 5 have been $ % entered $ into < by $ the % owner 7 of ' such 6 '; Feeer d $$ $ $ Catt e l " throghu the , % Chicago Board 7 of :% Traed, the Chicago % $ ? Merca e ltin Exchge an, the Kansas $< City $$ /N $ . ' ' Board 7 of :% Trade % or < any $ % other $ Unied t 4 $ ' States $% $ contract " %! $ market ' W $ subject $ to $ the j % ' $ urisidction 7 of $ the , % Commod ty i Fuutres :% Tradgin "" '' Commissio , n *$ acceptab e l to Lender; and 6 $ % ' $ > %G "" $< C0 $ (xi )i "Related # < 'E Payables" " ' means all $% trade $ account * < ' payab es l and/or $ % other * unpaid @ % BN $ cosst K of Q % acqiring u the $ % Colla eral t included in the Line 7 of % Credit , %% , ' Borrow ng i Base, and the " $ amoutn 7 of '$' $ > $ all Liesn on $ $ that $ % Coeatll ral. > ' BN (xiii) C C 'Value" " ' means (A) B- $ with % '* $ respect $ to / Elible gi Da ryi " E Catt e, l B the 5 value % according to Lender's ' schedule ? %< > %M' (B) BI with % '* $ respect $ to / Eligible 6 Feed + 5 $ %< Inventory, , %% % ' Borrower's cosUcost to % grow $ '$@ '$ $ (C) B $ 6 % with % '* $ respect $ to / Elible gi Feeder " Cattle, $ the " %! $ market 5 vaue l determined < by B (i) of values, % or $ if E not included on < any ' such ' schedue,l then ' as $ %" determ nedi by > % Ledn er; $ 75 ' < determined in a " % manner *$ acceptable to > %; Lender; and K muying ltipl (aa) $ the *% price * % per % " hundredwe t hg i at which a 5 Live $$ Catt e l 6 $ % ' Futures $% $ Contract B % (for 5 %< del very i of " $ * <" K B ' catt e l < by a > 5 Live $$ Catt e l 6 $ % ' Futures $% $ Contract on a 5 %< delivery $ % '$ date nearest to $ the '$ " $ estimated $ date on live " 5 R ' wh ich ' such 6 % Feeder $$ Cattle will be finished) could be $ % entered $ into < by $ the , %% % Borrower on $ the date $ the Va lue ' is $ %" determined, " ' times B (ii) $ the " % number K of % $' hundredweights *% W $ proected j to be deliverab e l when $ 5 % such 6 % Feeder $$ Catt e l % are R ' finiseh d, then B (b) ' $% $ subtracting $ the ' " sum 7 of B (i) 6 % Feeder " Cattle 6 ' Finishing '$' Costs ' proected j to be %% incurred , on the basis 7 of N '$ existing " %! $ market $ ' cotindons i, plus B (ii) 6 % Feeder $$ Catt el ' ' * ' *% W $ Marketing '$'G Costs; *% 5 provied d that if there is no 5 avaab eil l Live $$ Catt e l 6 $ % ' Futures $% $ Contract , $ then the " %! market $ % +' F %! $ value ' as $ %" determi edn by > % Lender. 5 < (c) The > Line 7 % $ of Cret di , %% Borrow ng i Base 7 % for * %* ' ' purposes 7 $ of the $ initial > Line 7 of % K Cred t i > Loan will be , ' : B , ' determi edn by the Borrowi gn Base R $ Certificate % 5 receed iv by > % Lender in % accordance $ with 4 $ Section ) 5.02. : The > Line $ %" $ , %% < < of % $ Cred t i , %% Borrowing , ' Base % for purposes of ' ' Q $ subsequent > Line 7 of % $ Credit > ' Loasn will be $ %" determined < by , %% % Borrower, * %* ' ' 7 $ j howeve,r $ to W '$" $' adjsutme tsn by > % Lender ' '$ $ cons stent i wi th $ ' this % " > agreeme t. n Each Loan 0 Q '$ Req est u for a > Line 7 of subect / > 7 % ' W $ 5 % < Credit > Loan will be " deemed a % *% ' $ $ representat no i by , %% % Borrower $ to > $ Lender that $ the * unpa d i * * principa l ba ance l of $ the % $ 7 < Line 7 of Cr edit % after $ the % Q '$ requested > Line 7 of % $ Credit > Loan will $ not N exceed $ the " N " " max mm ui amount K of $ the > Line 7 of " $ % $ > $ ' 1 $ $ '$ thi Credit % under 4 Section 1.02. Notw hst tand ngi i the *% 5 ' ' prosions vi of s ' $ section $ to $ the $% " contrary , > % Lender " < may ' as a % > % preco dition n to < any > Line 7 of % $ Credit > Loan % Q % require , %% % Borrower to deliver $ to Lender a %% $ current , %% Borrowing , ' Base *% $ $ 5 % ficate i . Cert %$ R $ ii. " ; owing : foll ++ Sect oni 1.07 7 of the % $ Credit - % " Agrem e ent ' shall be % * replaced + in C8 its entirety and ' * %' superseded $ with $ the 4 $ $ % $< 1.07 Required # <" $'G Payments: $ R" Maturity ? $ Date. 0 % (a) Borrower ' shall * < pay % accrued $ % '$ interest on B the > Line K of % Credit on 2 $ % Octob re ) 5, ) 2015 and on $ the , %% % B fifth day K of each " $ month % after $ the '" Clos ngi Date to the > Line 7 of % $ Credit Maturity Date. ? $ $ $ < ""< ? (b) B; + Borrower shall pay > Line of Credit *% * prin palci in the " $ amount 7 of ) $21 000 00 ,, . on 2 $ % October 5,) ' * < , $ ? % %$ $ > 2015, and on $ the R7$ fifth < day of each " $ mohnt the er after to the Line $ of % $ Credit ""< Matrity u Daet B R (defied n here n). i K % E ) $ % '$ (e) The unpaid *% * principal balace n of, all * unpaid % accr ed u interest on, and all $ % other % ' charges : * K B > under thi s % " $ agreement $ with % '* $ respect $ to $ the Lin e Z of % $ Credit, ' $K shall be * pa di on - '$ August 8 31, 2016 B$ (the > 'Line 7 of + ' % Credit $ % $< Maturity ? $ E Date .) " % $ Edward Valada.o K Jr. -9 ) 201 5 / % C " Th rdi -" " $ Amendmen t lo > Loan ? """ Doœments $ 3 206 -·--··· · ··-- (b) B force and 77 $; effect: 7 % - ····--·- ·-· -------· The : " Term. /N *$ Except ' as " amended !" below, all $ %"' terms and $ ' conditions rel ating to $ the : %" Term > Loan ' shall % " remain + in full % $ $ : Section 2. 9 04 of $ % ! the Credit - % " $ Agre ment ' shall be % * rep aced l in ' its $ % < entirety and ' * %' superseded $ with the 4 $ i. following : ; 2.04 9 Required # <" $'G Payments: $ E< Maturity ? $ Date. 0 ! (a) Borrower ' shall * < pay "" accrued $ % '$ interest on $ the : %" Term > Loan on 2 $ % October )5, 2015 and on the fifth , %% % ) "" B ? $ : %" > day 7 of each " $ month 7$ % after $ the '" Clos ngi Date $ to $ the Term Loan %E < Maturity ? $ Date. < (b) Borrower ' shall * < pay : %" Term > Loan *% * principal in $ the " $ amount K of [ $6,000.00, on 2 $ % October ) 5, 2015 , %% % ), B and on $ the fifth < day of % each " $ month $ % % thereafter $ to $ the : %" Term > Loan "% < Maturity ? $ B R Date (defined % herein). (c) The unpaid *% * principal balance K of, all * unpaid % accrued $ % '$ interest on, and all $ % other % ' charges : * B under $ ' this % " $ agreement $ with % '* $ respect to the Term > Loan, ' K shall be * pa di on - '$ August 8 31, 2016 B$ (the ]: %" "Term > Loan $ : %" % Maturity ? C Date"). $ % $< Defined : "' Tenns. * $ Capita zed li terms R def ned i in $ ' this ' $ section % are % < hereby " " ameded n in the Loan ? " $' Documen , s t ' as > $ %"' ? R 3. 8 follows: 7 ' C>+,20^ "LIBOR " " ' means, 7 % for < any + $ % '$ Interest # % Period, 8 a % $ rate * % per " annum Q equal $ to $ the > Londno + $ % ! interbank % offered % $ rate ' as adminis ered t by $ the $ / ICE , " %! Benchmark - " '$% $ Administration B % (or < any 5 other # %' Person $ $ that ' is ' $ designated ' as ' '' % successor $ to $ the + / ICE "$"' % < Benchmark - " '$% $ Admin istratio n for * %* ' ' purposes K $ of the " '$% $ administration of ' such % $ rate) for deposits in 4 U.S. $' dollars $ with a term 7 % * ' $' , " %! $ % $ %" equ ent vail to ' such + $ % '$ Interest # % Per odi appearing on the app ecab li l page % or ' % screen K at , " $ "" Bloomberg com . (or, in the event ' such ** 5 $ Q 5 $ ** % * $ B % rate ' does $ not ** % appear on a ,+ " % ' % Bloomberg com . page % or ' % screen, on $ the appropriate page % or ' % screen 7 of ' such $ % 7 %" $ other information **% *% $ * * % $ sheis such % $ rate ' as sha ll be ' $ selected < by > % Lender "" from $ " time $ to $ " time + in $' its % ' reaso eab nl discret no) i at service $ $ that * R' ' publ ' ' % $ ' %5 ' $ approximately 11 :00 " a.m., London $ " G time; *% 5 provided $ $ that in no 5 $ evetn ' shall $ the >+,20 LIBOR be '' less than % G zero; and *% 5 provided , > **% N " $ < further, $ $ that $ the >+,20 LIBOR " < may be - '$ Adjusted 7% " from $ " time $ to $ " time in > % ' Lender's ' % $ discret on i for $ ' %5 % Q % " $' reserve reqirements u , depos t i 7 % * ' $ $ % $ % $ %< insurance '' ''" $ assessme t n % $ ' rates and other regulatory ' ' costs. ' % * $ Any capitalized ' terms which are added % herein ' shall ' ** " $ supplement and be in $ addit oni to $ the capita ized l terms in $ the > Loan $ %"' % - < * $ Documents and < any * $ capitalized $ %"' terms % herein which are " R mod fied i shall % * rep ace l and ' * %' supersede $ the ' " same R defined $ %" term + in +$' its ' % ? " $' entirety. $ $ % ' Loan ? " $' Documents , , %% % Borrower $' warra tsn and % *% ' $' represents $ to Lender as 7 '; follows: > (a) No Change in , %% % Borrower and & % $ % Guarantor . : % There ' has $ not been any change in $ the 5' * ownersh p i % or ' % $ % structure 7 of < 1 B Borrower % or & % $ % Guarantor % or the r i ' ''G bus ness i ; that the % ' ' reso ons lu ti provided to Lender with $ '* respect $ to the Loan ? " $' Documents % are + in full *% 5 $ > % $ > $ K $ $ % , %% % force and 77 $G effect; and that the %' % " unde gned isr remain $ % authorized $ to $ act on beha f l 7 of and bind , %% % Borrower and & % $ % Guaran or,t as ' 7 % $ $ $ appropriate . +7 If < any 7 of $ 7 % the foregoing ' is % $ inaccurate % or %% $ incorrect , in < < any way, the %' undersigned, ' as + 5 ' ind viduals i , agree $ to " < indem ifyn and % **% *% $ $ > % Lender %" '' harmless from any and all "' claims, '' ' % losses or " ' damages that Lender N* % ' experiences % 5' or incurs ' as a % ' result. hold > % % < : % is Z' (b) No /5 G Event K of ? $ Default. There no /5 $ Event K of ? 7 $ Defau t l or event which, $ with $ notice % or $ the *' lapse 7 of $ " time wou d l be % 5 $ 1 B an /5 7 Event of ? 7 $ Default % under $ the > ? " $' Loan Documents . > % < (c) Warranty + 7 " E Information . The information furnished $ to Lender by , %% % Borrower ' as * part K of $ ' this -" " $ Amendment % were $ $ $ "E5' : F % < B furnished ' as a " $ % materia l " indcuement 7 % for > % Lender $ to " 7< modify $ the $ %"' terms 7 of $ the > Loan $ with , %% 5 Borrower and ' is $ %" $ information * upon wh chi the %"' $ $ Lender i ' s $ < relying on in % $ granting the $ %"' terms % hereunder. , %% % Borrower fu rther $' warrants and guarantees all $ 7 %" the information 5 given $ to % % $ ' that > % , %% %M' the > % Lender ' is "* $ % complete, accurate and fully represents Borrower s ' R financ al i and * % $ operating $ ' conditions. < % *% ' $' $ . : The % *$ ' $ ' representations and %% $ ' warranties 7 of , %% % Borrower and Continuing Representations and F %% $ ' Warranties " $ $ ; 0 (d) B; Guarantor ' $ set forth in $ the > Loan ? " $' Documents % are B" true, %% $ correct, and "* $ complete in all " $ % % '* $' mater al i respects . 7 %$ & % $ % % Ectward Va adao l , Jr.· ) 2015 /F % Third Amendmen t $ to > Loan ? " $' Docu tsm ne -" "$ "" 4 = - -- -· - --------------------------· · 207 ------·--------- 5 ' hav $ ' of > % shall N $ this -" " Lender 7 this $ execute $ ' Amendment -" " $ or * %7 %" % perfo Conditions e no obligation to mr its $ ' Amendment. +$' 5. ) $ ' ' % ' $ 'R obligations % under $ ' this -" " $ Amendment '' uness l and $ until the following conditions are satisfied on or 3, ) 20 51 % before 7 % October 2" % 8 ]: "M $ ? $ C 7 condition ' ' $ 'R on % 7 % $ : %" $ $ $ ('Termination Date . ) " $ If the following s *% $ precedent ar % $ e noi satisfied or before the Terminati no Dale, the n the ? $'$ *% * $ $ % amounts " $' pa outnastding principal balance of the > Loan and all $ % accrude and * unpaid $ % '$ interest and all other yable under he Lo an % t$ * < > ' ? " N' 7 int $ % " $ $ Doc ment u s shall " become "" $ < immediat lye due and * < payable $ $ without *% ' " preestnm nte, demand , *% $ '$ protes, t $ not cei of ent to accelerat e, % $ % whic R any % waived 5 by notice 7 of acceleration or $ notice % Q % " "' requ rements i of other ! kind, all of h are Borrowe r and ort n and Lender & % " % Guara > $ < $ % < , %% % N % ' $ > -" " $; $ ' Amendment: ? " $' may exercis e < any % or all 7 of $' ils R $' rights under the Loan Documents , % unhinde dre < by this " < (a) B + ' $ > % , "" % has ' N $ $ ' N E Borrower executed and 5 % del ivered thi s -" " $ Amendment lo Lender, > % and Lendre ' has exec duet thi s Amendm nt ;e -" " $ (b) B > %E' " K K $ amount 7 + Lender's % *$ recei tp 7 of a fee in the of [ $1,00 5) G ; 00. B (c) > %E' " $ 7 Lender's % " receipt K of UCC ' % $% sear t ch/C i dre Report fee s in K the amount of [ ); $10 65.6: and ' 0 * %$ (d) B > 5M > 55 Lender's % *$ K receipt of all 2" % other " $' document s, $ %" information and $ % other *% $ ' % Q % precond tions i required by < Lender. % 7 $ Loa ' $ forth > $$ here E $ " % : > % % ' %5 ' 6. Resertavion of 0 " Rights. Though Lender ' is agr eeing to amend the n ' as sel i,n > % Lenedr res erves R ? " $' $ which ~ ' $ ' Amendment - % < all righst and 5 " ' remedies to is, % or " < may " become , l !< egally $ $ entitled % under $ the > Loan Do uc m nts e. Accognly,rdi this -" " ' 5 % of $ " < P $ % does ' " $ 7 < 7 any $ future not $ $ constitute a waiver any % $ righi % or % " < remedy that may % or in the become 5 5 avai ablel to > % Lender % or of default or does $ < % $ ' -" " $ /5 K 7$ % $ of K this Event K of ? 7 $ Default %% occurring after the date Amendment. % $' $ /"" > %E' $ : ' +4 not the * %$ to + 7. No "" " Commitment as to Financing . This -" " $ Amendment is a "" $" $ commitmen t on s're part B Lend 1( ' Future 6 *% 5 7 $ % R $ %"' ' $ 7 %$ + , % -" " $E prov dei Borrower % or < any % $ related $ $< entity with any financing in < any " $ amount beyon d $ the terms set forth in this en m dent. + ' Am < < future " " 5 $ hav $ amount " $ % 8.+ No Offste, ? 7 Defsnee or / Claim Borrower and & 5 % Guoatnrr do not e < any (a) offstes '$ against the ^ ". , %% % B 77' $' * <" $ $ the % B "' ? " $'G payable % under $ the > Loan ? " $' Documents; B (b) $ ' ' defenses to paym nte 7 of any amounts % under $ the > Loan Docum nt s;e or (c) cla ms i < " $' * < " '$ > % " $ N$ $ ' " ? " $' aga nst i Lender + in conn ction e with the Loan Document . s : To $ the ext ent any claims do N '$ exis , t , %% % Borrower an d & % $ % Guaranort her eby $ > % < < such 5 ' . waives $ " them $ to $ the 7 '$ fullest N$ $ * %" $$ extent permitted < by law 7 this ' C -" " $ 77 $ 5 '' ( 1 : $ ' Amendm ' N*% '' < 9. No F 5 $ Waiver. Th e N $ execution , 5 %< del very i and effe ctivnees s of ent sh all $ not, N *$ except as expr slsye % % " < % $ 7 the $ > % % - % " $ % other $ % Loan > % prov ded i herein, * % $ operate as waiver 7 of any right, * % power or remedy of Lender under $ the Cre t di Agr ent me or ' a 5 % *"5 < % $ % $ ? " ' - % " $ 5 % $ % > Document ? " $' Documents , % nor '$ $ $ constitute a waiver of any proviison K of the Credit Agreem nte or $ % other Loan . s < *% 5 ' F $ > % " '$' expe N* ' ' ' * < : $ 1 O. Expen ses . Th e Borrow er shall pay on " demand all cos st and ses n incurred by Lender " in con nectio n , %" % < the $ ' -" " $ 7 > N $ 5 %< B 7 with *% * % $ the prepra. ati no execu on ,ti del veryi , filing, and " ' R administarion of this Amendmen t (includin , g $ $ withou t " $ E limitation, Legal 6 ' Fees > % %% -" " $ % 5 ' ; $ $ $ *% * % $ 7 $ ' Am ' to + i $' the $ ) K incurred in conne ion ct with the prepration a of this endm t ne and advising the Le dn er as ts $' rights, and cost of any t < credi % boo ! ' !' $ , %% %E' > % % * %$' % % % ' 5 % R $ verication fi reports or 7 field N " ' examinations of the Borrow er's *$ * %$ ' properties or sk and records) . , " % ' Borrowers obligation s $ to Lend re $ 7 , % ' $ > % % " $ $ % ' undre this 4 R Section ' shall ' $5 5 survive termination of $ ' this -" " Amendment and % * <" $ repyament of Borrow er's $ ' obl gation i s to Lender und er the % $ Cret di - % " $ Agre m ent. 7 < K thi *% 5 ' " K % C ' -" " $ : % pro 11 . Sev lity iebar of 5 ' Provi ion s. s Th e + 5 $< inv tyalidi or 5 < unenforce ability of any $ %" term or vision of s Am en, tdm ne or ; 4 5" < in the Loan Documen , st shall not affect the validity or eníor litycab eì of the remaining terms of the Loan; and each provision in this 5 and enfo 7 % $ 7 '$ * %" $$ t$ N $ % ' **"*% $ Amnedment , or $ the > Loan Documents , as appropriate , ' shall be valid ecarble to he full est exte nt permitt ed by law. -" " $ ? " $' < + C I > ? " $' ' $ 77 $ $ 5 $< % 7 % $< 7 $ % " %"' K $ > G *% 5 ' $ ' : K $ ' ' -" " $ % '* $ 5 Binding on D " Heir,s 4 '' %' Success rso and - ' Assigns . Th e *% 5 ' ' provisio sn of this Am enm d ent sh all bi nd the respecti ev , * %$ ' '' ' $ parties ' '' %' successors and assigns K of the . 12. " '$% $ %' * 5' % *% ' " 5 ' heirs, N $ %' executors , pesronal represe ntativ es . admini rator st, s %' 8 13.. $ $ ' $ N $ nec '' %< < Furth re Assura nc es. (" , %% % Boror wer agre es to execu et any $ additional " ' docum nt es that ma y be essary or 6 ; " < - $= 14. of $ %* 'E " $ 7 : ' N $ /N $ Execution in $ " %$' Counterparts. Thi s -" " $ Amendm etn may be execued t in < any num ber of counterpa , rts each which " < ' % des redi by > % Lender $ lo effectuat e the + / intent and * %* ' purpose 7 of $ ' this -" " E Amendm nt.e < $ '$ $ $ $ " % 7 wh $ ! ' when ' so N $ execu edt and de vi ered l shall be " deemed $ lo be an % K original and all of ich take n toge ter h ' shall cons tute ti but one an d the 5 % ' " same "'$% " $ instrument. /" Edward " Valada,o Jr. %E = ) 5 - 2015 : " CK Third Amendm en t to > " Loan ? " Docunts m e + ( I 208 Govern ng i Law. : ' This -" " $ Ame dment n will be 5 % governed and $ %* $ interpreted < by ** < applying the ' laws of $ the 4$ $ State 7 of > & 5 " Law 4$ $ C State") $ $ witoh ut % % regadr $ to i $' ts $ conflict $ of ' laws * * ' prnciple i .s > 15. ) Cafornia li (the & 5 " 'Governin g 7 % B ' 77 $ 5 The * ' part esi have ' signed $ ' this -" " $ Ame dment n effect ve i as 7 $ of the < day and year first % written 5 above. < % R%'$ 5 : ( BORROWER >20 EDWARD ->-?-2 VALADAO , 0 JR., ' '' ' doing business as > Lone 4E % Star ? %< Dairy /?F-0? ' '' ' > X >/1?/0 RABOBANK, N.A . 1 - 0-,2,-1. ,; < : $ ; Ect.Y ard " Vaadao l , Jr. )"" % " ! 1 " ; E 7 "" 6 - ) 201 5 Third -"" " Amend ent m to Loan ? " "' Docu tsnm e : % > = ( 209 - .12F>/?&/ /1: 214/1: OF 26 & -0-1:20B4 ; ACKNOWLEDGEMENT -1? AND CONSENT GUARANTOR(S): : $' % < $ R%"' that 7 % -" " $ " $ its The undersigned hereby B (i) ! E ' acknowle dges and ' ' consents to the foregoing Amendment and (ii) ' Guaranty & % $< B confinns , %% % under $ " ' 77 $ % $ % $ Agreement - 5 " any ' " remains in 7 full 7 % force and effect and % $ ' guarantees all 2 $ ' Obligations of $ the Borrower the Credit , as amended , and < and $ & % $< all $ % other & % $ Guaranteed 2 $ ' Obligations % under the Guaranty . & -0-1:20 GUARANTOR /? -0?2 ->-?-2 ) % / % Eel.Y adr Val da ao, Jr. -2015 : % Thi rd -" " $ Amendm ten to > Loan ? " , Docum enls K 7 ( 210 - .. -·-- ·---- --·-- ---------------- 5 RL / % Valadao 0>2 Edward , Jr. OC 201 6 > Lone Star ry:i 348279 14 K Da 89I (9 ? %<; : Term : 89I (9 348279 -4 FOURTH AMENDMENT TO >2-1 LOAN ?2 :-/1:4 DOCUMENTS - /1? /1: :2 /2 0:D X Th s i ' is $ the fourt h Amendme t n to the > Loan ? " $' Documents 5 evide cginn the ced ren tran sactions (hereinafter the : ' $ $ $ above 7 %$ -" " $ 5 refe % % $% ' $ ' $ B % % C-" " $E lt ' 0 5 < "Amendm nt") e. is $ dated ' as 7 of % March 11, 2016. . lt iO' s $ between /?F-0? EDWARD ->-?-2 VALADAO , JR, individu y ll a and doing bu nes si s as ' '' ' >^ BE/ % Va ->-?-2 ('BC- % > -#0$> VALADAO Lone 4$ % Star ? %< Dairy ('Edward adao l , Jr." ) and APRIL April ' Vala ),ao d" husband and wife (Edward Val adao, Jr. and ' B/ $ %c ] % and -*% April Valad oa % are 5 < ind vidually i and ectively , "Borrower") RABOBAN K, 1 - NA , a $ national ! banking '' $ association ("BC> $C Lender . ) " coll 0-,2,-1. $ 5 < , %% % Borr w ore and > % Lender % ' agree as 7 '; follows: +$ $ ' *% 5 ' < Borrow re and > % Lender hav e $ % entered + $ into a " Cred t i Ag er ement dat ed May 16, 8 2013, that previou y l s " amended < by C 8 that - % " $ , %% $ $ $ was 5 < certain 6 %'$ First Am endmenttoB > Loan Do cuments $ dated July 2013, and that certa n i /N ' Extension Lett er dated May 16 , 9 2014, and that " $ $ " ? " $' , 8 > $$ % -" " $ $ < $ $ < 11 %$ "" %$ -" " $ cert n ia 4 Second Am endm nte to Loan ? " $' Documents dated August 21, 2014 , and certain /N$ ' Extension > $$ % Letter dat ed - '$ August 25 ) and $ - '$ $ > 9 that $ ), 2015 that certa n i : % Th rdi -" " $ Amendment $ to > Loan Documents dated September 3, 201 5 (sa id % " $ agr,etm ne as am ended , ' is here iafte nr ref erred to " $ 4 *$ " % 8 ) % " % ? " $' $ " ' $ B' C : ' other as $ the C % $ "Credit - % " Agrem ent") . The % $ Cred t i Agreeme t n and all agreeme tsn and '$% " $' instruments % Q 5 required < by > % Lender for purpose s of 7 $ % $ " $ $ % * %* ' ' - % " " evide ngcin or ' % securing the Loan % are $ herein % 7 %% referred $ to as "Loan ? " $ M Docm uts"en. Each capi zedalit term ' used in this Amendm nte that is * % $ > ' E> / $ %" + ' -" " $ $ K ' -" " $ defined in $ % the other > Loan ? " $' Documents and $ not R defined + in this endm nte will have the meaning speci ed fi in $ $ that Loa n Doc ument. Th si 5 R " ' Am > ? " $ : ' '* R Amendm nte will be $ %5 $ interpreted in % accordance with the ?% 7$ Draft ngi Conventions . -" " $ 5 $ 'E $ $ 8 Borrower and > % Lender wi sh $ to furt her " amend %$ certain prov sionsi of the Docum ents as set forth s Am endment. , %% % 7 %$ % K $ Loan > ? " $' ' ' *% 5 ' ' ' + thi $ ' 7 %$ in -" " $ 1. Original Instruments $ to 0 " Rema n i in /77 $ Effect. Except mod fied i by $ ' this -" " $ Amne dment , each of '$% " $ ' " R 2% /N *$ as 7 the $ Loan > < Docum nt se shall % " rema n i in F $ effect and are val d,i binding $ " and enforceable % accordgin to r terms . +7 If < any conflict arises $ betwee n ' % 5 $ thei " 5 $ %"' ? " $' % ' ' this -" " Amdem n ent and $ the % original Loan Documents , $ then $ ' this Amendm ent sha ll control. $ ' ' $5 -" " $ > ? " $' {a) B " Effect on > Loan ? " $' Doc ments. u On and % after the date 7 of thi s -" " $ Amendm , t ne each referen ec in Loan Document s % 7 % $ $ $ ' the $ > ? " $' C % C ] % 7 ! term C % %S to E ' "t his - % " ] Agre, enm "t "her " eund , re ' hereo,"f ] "herei " n and suc h " other like s shall mean and be a refer cen to the Documents " ' ' " % % ' $ $ Loan > ? " $' as " amended < by thi s Am ne dmen t. ' -" " $ + ' (b) Effect 7 of thi s -" "" Amendment. '' Unless $ % ' otherwise staled % here n, i the s and amendm snte cont ianed i n CJ 4 this ( )M '$ $ ' " " $' $ change $ / $ B Amend ntem shall be 5 effecti ev ' as 7 of the date R%'$ first ) K set fort h d in $ the * opening paragraph this -" " Amendmen t (the "Amnem dt ne Effect ve i -" " $ $ ' 7 %" $ $ ' * % % * to / B$ C-" " $ Date .) " "8 2. Modif ed i Terms 7 of $ the Credit nt. e The Cre dit Agr ent em e i ' s am ended as ow:s : - % " $ % - % " : %"' " ' foll 7 ' % Agreem (a) The > Lone Star Dairy. /N *$ Excetp as edned bel ow, all terms and ns o rela ingt to the > Lone St4$ % ar ? %< Dairy $ %"' " conditi % 4$ % ? % $ ' ' am $ $ + B shall remain " in & full 7 % force and effect: ' $ " i. + Sec tion 1. 8B 03(c) K of $ the % $ Credit - % " $ Agreement ' shall be rep aced l in it+$' s entir ety and erseded with % * + sup / 7 < 4 $ ' * %' $ the foll owing: 2 +2F+++U+ (e) Th e Li ne 7 of Credi t , %% Borrowing , ' Base for purpcses of h "; Line of Crtedi Loan will be $ ; * %* ' ' 7 eac % C : &% ] >" > B determ ed n i by the most % $ recetn , %% " Borrowing , ' Base R $ Cert ficai et recei dev by Lend ,re sub ject howe ver, to % 5 %"" > % $ " '$ 5 % $ ' < < adjustm nts e by Len der ' ' consistent with s % " $ agreement. $ thi $ ' > % W '$" $' < 3.8 Borrower s ' 0 "' $ $ ' Representations . ln $ additino to resentation s and wa esrri tna made by Borrower i$ n $ the , " $ ' $ rep % *% ' $ R ' " % $ ' $ the < , %% % Loan ? " $' Docm u ,sen t Borrower wa rrants and % *% ' $' represenst to Lendre as follows: > %% ' ' + ' , % $ > % (a) No Change in , %% % Borrower and & % $ %E Guarantor. : % There ' has not been any in $ the %' * own hsprei or '$% $ % struc urte of K 1 % 7 < change B Bo rower % or & % $ % Guarantor % or $ % their ' ''G bus ness i ; that $ the % ' ' resolution s % provided $ to > $ Lender wi ht % '* $ respect to n ? " $' Docum nt se are in $ the > 7 , %% % $ $ $ Loa % full force and 77 > effec; t and tha t $ the %' under ign sde remain $ % authorize d to act on behalf of and bind er and & % $ %E Guaanr tor, as $ $ K Borrow , % + % ' % " $ Edw dra Va adao l . Jr. RLOC ) 2016 K 0>2 E /""< Fourth Amend ntem t o > Loan ? " "' Documen ts -" ""' FF 211 r -- If < any 7 of " the 7 % foregoing ' is % $ inaccra eut or %% $ incorre, ct in < any way , $ the %' unders ign ed , as + 5 ' indiv sdua , li agree $ to " 7< indemnify and % ' % +K % %" '' Lender harmless 7% " from < any and all "' claims, '' ' losses % or " ' dames ga that > % Lender N* % ' expe enrsice or %' incurs ' as a % ' $ result. % **$ * E $ appropriat .e (b) No /5 K Event of ? 7 $ Default. : % There ' is no Event 7 of ? 7 $ Default % or eve nt wh ch i, with $ notice % or $ *' the lapse 7 of $ " time would be 1 /5 $ 5 $ B an Eve nt K of ? Default % under " the > Loan ? " $' Docum nts e. /5 $ (c) Warranty + 7 %" $ Information . The information " ' furnished to Lender < by , %% $ Borrow r e ' as * %K 7 part of thi s -" " Amendment we re : + $ > % ' % F " B % $ , %% % furn hed is as a " $ % materia l induce ntem for > % Lender to mod fyi " the $ %"' terms 7 of $ the > Loan with Borrow r e and ' is 7 %" $ information * upon which the " $ $ % ' ' " 7< $ Lender ' is % < relying on in % $ granting $ the term s % % heerund re. Borrower 7 %$ % further %% $' warrants and % $ ' guarantees $ $ that $ all $ 7 %" $ the informa ion t given $ to , %% % 5 > % $ %"' R , %% %' the > % Lender ' is "* compl e,te accurat e and $ < fully % *% ' $' reprensst Borrower's fina al cni and * % $ operating $ 'E conditi .s no % $ $ F %% $ ' : , %% % (d) Continuing 0 *% ' $ $ ' Repre entation s s and Wa rrnatie .s Th e % *% ' $ $ ' represe snntati o and wa rrnaites of Borrow re and %% $ ' $ B Guarntor set 7 %$ forth in $ the > Loan ? " $' Documents are $% true, %% $ correct, and "* com ete lp in all " $ % material res pects. % & % $ % % '* $' ' $ 9 4. $ ' Condition s K of $ ' this -" " $ Amendment. > % Lendre ' shall 5 have no $ obliga onti to execute $ ' this -" " $ Amendm nte % or pe rform $' its $ N $ * %" obligtion as under + ' this -" " $ Amendm t n e '' unles and $ until $ the 7 follow ngi conditi sno are ' $ 'R satisfied on or before -*% April 10, 2016 B]: %" $ ('Termination $ ' % % 7 % % R ' Date)." If $ the 7 follng owi conditions *% $ preced nte % are $ not ' $ 'R satisfied on % or 7 % befoer the Termination ? Date, $ then $ 'E the outstanding *% * prncipal i ++ $ ' : %" $ (\C % $ > ' balance 7 of the > Loan and all " accrued and * unpaid $ % '$ interets and all $ % other " ' amounts * < payabel under the Loan ? " $' Docum ntse shall " become imm ateldyie due and * < payable Z $ without *% ' " E prem se net,nt demand, proes t, t notice 7 of intent $ to % $ accelerat ,e notice of % $ acc eration el or $ " *% $ ' $ 7 % "" $ < 5 notice % Q % " $' requireemnt s of < any $ % other ! kind, all 7 of which % are wa ived < by , %% % Borrowre and & % $ % Guatonar r and > % Lender " < may N % ' exe secir any % or all 7 of 7 $ < its % $' rights % under " the > Loan ? " $' Document , s % unhind de re by $ ' this -" " $; Amen ment: d +$' < and (a) B $ ' -" " $ Borrow re ' N $ has execudet and 5 % deliverd this Amne dment to Lende , r and > % Lender ' has N $ exec etud this Amendm nte > % , %% % $ ' -" " (b) > % ' 7 %" R Lender's % *$ receipt 7 of all $ % other " ' docum ts,ne information and $ % other *% $ ' % Q % precondition s required < by > % Lende. r B ) $ " 5. Reservation 7 of 0 $' Rights. : Though > % Lender ' is % agreeing to amend $ the > Loan ' as ' $ set 7 forth % herie,n > % Lender % ' %5 ' reserves 0 ' %5 $ % all rights and remdeies to which it is, or " < may " become , < $ $ legally entitled und er the > Loan ? " $' Docum .nest Accordingly , $ ' this -" " $ Amnedm nte - % < $ 7 $ % does $ not '$ con tut iste a wa iver 7 of < any % K right % or $ " < remedy C 8 that " < may % or in the future ' does " becom e 5 ava alebli to > % Lender % 7 or of < any 7 $ default % or ' 5 % Event of Default %% occurring 7$ % after the " daet 7 of $ ' this -" " $ Amedme n nt. 7 ? $ /5 $ % $' % " ' $ $ ' % 6. : ' +4 No U "" Commitment ' as $ to 6 $ % Future 6 Financing . Thsi -" " K Amendm nte is $ not a "" $" $ commitm nte on $ the > % ' Lend'ser pa rt to 1 * $ provied , %% % Borrower % or < any % $ related $ $< ent tyi $ with < any $ % future R financing in < any " $ amount beyond the terms ' $ set 7 %$ forth in $ ' this -" " $ Amendmen t. $ $ %"' *5 ) < 7. No 277' $ Offest, ? 7 ' Defsene % or " Claim. , $% % Borrowre and & % " $ Guanarort do $ not 5 have < any B (a) ' $' offsets '$ against $ the " amount 1 % $ $ * <" $ $ payeabl under $ the > Loan ? " $'G Docmen u; s t (b) 7 ' ' defeses n to the paymnet K of < any " $' amo st nu under $ the > Loan ? " $'G Docum nt ; es or B (c) "' claims % * < B : $ N$ $ ts > % Lendre in $ conneionct with $ the > Loan ? " $' Docume . snt To the extent < any ' such "' claims do N '$ exist, Borrow r e and & 5 $ % Guaarntor hereby again $ , %% % '$ % < 7 '$ wai ves " them $ to $ the ful est l extent * %" $$ permitted < by law. N$ $ 5 ' 7 8. No F 5 % Waiver. : The N $ exec, uio nt delivery and 77 $ 5 '' effectiv esnse of thi s -" " Amentdm ne shall not, N *$ except ' as N*% '' < expressly ' I 1 ' 5 %< % prode vid herein, * % $ opeate r as a 5 % waiver 7 of < any % $ right, * % power % or % " < remedy 7 of $ the > % Lender under $ the % Credit - % " $ Agreemnte or $ % other > Loan ' 5 % *% 5 Docum ts.ne nor '$ $ $ constu tti e a 5 ; waiver K of < any *% 5 ' provision of $ the % $ Credit - % " $ Agreeme t n % $ % or other > Loan ? " $' Docm ts uen. K ? " $' % + %% ' $ > % 9. Expesne.s The , %% % Borrowre shall pay on " demdan all '$' cos st and N* ' ' expe ses n incurred < by the Lende r in $ conectio n n : /N ' ( * < wi th $ *% * % $ the prepa atio r, n exec oni, t u delivery, filing, and " '$% $ administra nio t of $ ' this -" " Amendm ent B (includin ,g without li " $ $ mita,iotn Legal 6 ' Fees 7 $ $ N $ " > 5 %< R incurred in $ conneontci with the prep atraion of $ ' this -" " $ Amend t nem and 5 ' adv singi the > % Ledn er ' as $ to $' its % $' right,s and " the '$ cost K of < any % $ cret di $ 7 $ %% $ *% * % $ , % ' 7 % *% * %$ ' % $ ' $ verifca iiont reports or fiR eld N " ' exami onsi tan of $ the , %% %M' Borrsowe 'r properti es or !' books and % % ' recorsd). Bosrower ' obligans iot to > % Lendre % * ' 5 R % * <" $ $ ' under $ ' this 4 $ Section ' shall ' %5 5 surv ve i termin on ai t of $ ' this -" " $ Amendment an d repayme nt 7 of , %% % ' Borrowe 's r obliga sonti to > % % Lender under the $ $ %" $ % Credit Ag erment. - % " $ % ] 10. Seve abr ility of /"5 ' ' Provi ion s. s Th e 5 $< invalidity % or 7 % < une forcea lity n i b of y $ %" term K or *% 5 ' proviison K of $ ' this -" " Ame dme n nt, or 7 an 7 : % 4 5 $< < in $ the > ? " $' Loan Docme u ns,t shall not 77 $ affect $ the 5 < validity % or 7 % < enforceabili yt of $ the % " $ %"' remai ng i n terms K of $ the > G Loa;n and each *% 5 ' provision + in $ ' this ' " Amend ,ntem or the > Loan ? " $' Docum,ts en as **% *% $ appropria ,e t shall be 5 val di and 7 % enfeceorabl to $ the 7 '$ fullest N$ $ extent * %"" permitted < by E law. ' % $ $ ' -" " $ Edward Valadao, % Jr. 0>2 RLOC 201 6 /"" "" Fourth -"" " " Amendm en t lo Loan 2 Docu ntsm e + > , " ' 212 ~----------- 11. , Bind ngi on D %' Heirs, 4 '' %' Successors and -'' ' Assigns. : The *% 5 ' ' provisions of $ ' this -" " $ Amendm nte ' shall bind $ % '* $ 5 the respective assigns of $ the * %$ ' parties. '' ' 12. 6 %$ % $ N $ Further -'' % ' Assurances . , %% % Borrower % ' agrees to execute < any $ additional " $' documents $ $ that may %' heirs, N $ %' executors , * %' personal % *% ' $ $ 5 ' representatives , " '$% $ %' administrators , ' '' %' successors and be '' %< necessary % or " < ' % desired < by > % Lender $ to 77 $ $ $ effectuate the $ $ intent and * %* ' purpose 7 of $ ' this -" " $ Amendment . 8 /N $ 13. Execut on i in $ " %$' Counterparts . : ' This -" " $ Amendm nte may be N $ executed in < any " % number of $ %* ' counterparts , each 7 of wh chi " < ' N $ when so executed and 5 % deliver de ' shall be " deemed $ to be an % original and all 7 of wh chi $ ! taken toge erht shall constitute but one and the $ $ % ' '$ $ $ $ $ ' " same '$% " $ instrum nt. e 9 > E 14. C & 5 " Govern ng i Law. : ' This -" " $ Amendm nte will be 5 % governed and $ %*% $ interpreted < by ** < applying $ the ' laws 7 of $ 4$ $ the State 7 of 7 % 5 % > California B$ {the "Gov rning e Law 4$ C State ) " $ $ without % % regard $ to $' its 7 $ conflitc 7 of ' laws *% * ' principles . : The * %$ ' parties 5 have ' signed $ ' this -" " $ Amendment 77 $ 5 effective ' as of $ the < day and < % year R%'$ first % $$ writtne above. 5 ,2002F/0 BORROWER @ /?F-0? EDWARD ->-?-2 VALADAO , 0 JR., doing ' '' busin ss e as > Lone 4$ % Star ? %< Dairy ' X X ->- - X ' '' ' > 4$ % ? %< >/1?/0 RABOBANK, 1- N.A. 0-,2,-1. , < ; ] + ?- @^ @ 9 - 1 " ; : ; / % % Edward Valadao, Jr. 0>2 RLOC ) 201 6 . 6 %CK Fourth -" " Amne dm nte to > Loan ? " $' Docume s nt @ @ 9 @ @M` - @ @+> J > 8 3 213 8 - .12F>/?&/ /1: ACKNOWLEDGEMENT -1? AND 214/1: CONSENT 6 OF & -0-1:20B4 ; GUARANTOR($ : ) : ! ' % < The %' unders gned i hereby B (i) acknowledges and ' $' consents $ to $ the 7 % foregoing -" " $ Amedm tnne and B (ii) R%"' confirm s $ $ that $' its & % $< Guaranty % " ' 7 remains in 7 full $ " force and 77 $ effect and % $ ' guarantees all 2 $ ' Obliga ions t of $ the , %% % Borrowe r % under $ % $ the Credit - % " $ Agreem n. t as " amende,d and < any and ' % all other & % $ Guaranteed 2 $ ' Obl gatiions undre $ the & % $< Guaranty . % GUARANTOR T $ B 99 E /? -0?2 ->- - /" 5 Edwar d Valadao . % Jr. 0>2 RLOC 2016 6 "O Fourth -" " Amendmen t to > Loan ? " ' Docu sm eln 214 9 .. -- ·----------------· --------------- Edwrd a Va ada l o, Jr. = 201 6 / % % 89I (= Lone 4$ % Star ? %<; Da ry:i 348 27-0 91 > : %" Term : 89I (= 9 3482 9407 X FIFTH - /1? /1: AMENDMENT :2 TO >2-1 LOAN ?2 /1:4 DOCUM NTS E 6+6:D ' This 6 7$ Fifth -" " $ Amendm t ne to > Loan ? " $' Doc me u nst is $ dated and " made 77 $ 5 effectiev ' as $ of 1 5 " % Novemb re 17, 2016, < by and between : ' $ BE- % ->-?-2 -#0+> EDWARD ->-?-2; VALADAO , 0 JR. BC/ % ("Edward Va adl ao. Jr.) and AP LRI VA LADAO ("April C Va ada l ),o" husband and 7 wife, doing ' '' business ' as ' /?F-0? ], %% %C -*%] Lone 4 % ? %< Star Dairy B/ % (Edwrad Valada , o % Jr. and April Va adao l are 5 < individually and 5 < collec ivel t, y "Borrower") and 0-,2,-1. RABOB A, KN N.A., a % > 1 - BE> %C natinola ! banking '' $ ass on ai toci ("Lend . ) " re $ / ( K+ - c0 ; e; Borrow r e and > % Lendre 5 have $ $ ente edr into $ $ that %$ cert n ai Cret di - % " Ager em net dated ' as 7 of < May 16, 8 2013, ' as " amened by that % $ , %% $ $ < certain B (i) 6 Firs t -" " $ Amendm nte to > Loan ? " $' Docume snt ' as 7 of < July 11, 8 2013, B (ii) 4 Second -" " $ Amedme n nt to > Loan ? " $' Docum nt se as 7 of - '$ Augu t s 21, $ $ R%'K $ ' 2014, (iii) Third Amendm nte to n ? " $' Docum tsne as $ of 4 *$ " % September 83, ) 205,1 and B 5 (iv) 6 %$ Fourth -" " $ Amendm nte to > Loan ? " $' Document s ' as 7 of ' > : % -" " $ $ Loa $ 9 B ' $ ] % $ March 11 , 2016 B' (said % " $ agreem , en t ' as " amended , is % hereaft nier referred to as the "Credit - " % Agree t") . nm e The % $ Credit - % " $ Agreem nte and $ all % 7 %% E : $ ' other % " $' agree nm est and '$% " $' instrum nset requir de < by > % Lender for % * %* ' ' purposes 7 of 5 " evidciegn or ' securing the > Loan $ are % herein d %$ referred $ to ' as "Loan % % Q % $ % ? " $'C / $ $ Documents . " Each * $ capize taldi term used + in $ ' this -" " $ Ame dmen n t that +' is R defied n in $ the $ % other > Loan ? " $' Docu tsm ne and $ not R defined in $ ' this " ' ] \ " ? " $ Amendment will 5 have $ the " mean ng i spec ed ifi in $ $ that > Loan Doc m u ent. : ' This -" " $ Amendm nte will be $ "% $ interpre ted in % accordan ce $ with P the -" " $ '* R Drafting 5 $ ' Conventi . s no ?% 7$ ' ' $ Borrowre and > % Lendre ' wish to " amend $$ " *% 5N'" ' certain provisio s n 7 of $ the % $ Credit - % " $ Ager eme , nt as set 7 forth in $ ' this -" " $ Amendm ent. , %% % 1. Original + '$% " $' Instruments $ to 0 " Remain in / 7 $ Effect. /N * Except ' as " R mo fiedi by $ ' this -" " $ Amendm nt ,e eac h 7 of $ the > Loan 2% < $ %"' Document s ' shall % " remain in 77 $ effect and % are 5 valid, binding and 7 % % enforcea ebl acco ng rd i to $ % their term s. +K If < any ! conflict % ' ' arises $ betwen ? " $' ' -" " $ this Am endm nte and $ the % orgina i l > Loan ? " $' Doc men .us t then $ ' this Am edm nent shall $% contrlo. $ -" " $ $ ' 2. Effect on > Loan ? " $' Documents . 2 On and % after $ the $ daet 7 of $ ' this -" " Amednmen, t each % 7 % referecne in the Loan ? " $' Docunt sm e $ > /77 $ to 't his Ager ",etmne "hereund ,"r e "her"eof, "herein" and such other like terms shall mean and be a refe ce enr to the Loan Docum nest as " amended < by this Ament.dm ne $ ' -" " $ ' $ C ' - % " $C C % % C ] $ 77 C 5 ' $ % ! $ %"' ' " % 7 $ ? " ' 3. Effect of $ ' this -" " $ Amendment. '' Unless $ % ' otherwi se ' staet d % herein, $ the ' changes and " " $' amendm tsne contain ed + in " ' thsi $ 8 /$7 $ K $ Ame ndm nte shall be 77 $ 5 effective ' as , of the $ date R%'K first ' $ set 7 %$ forth in $ the * opening * % % * parag parh to $ ' thsi -" " $ Amendm nt e {the ]-" " $ "Amendmen t / $ 5 Effec vei t ' -" " $ B Date"). 8 C 4. 9 Modifi de : %"' Terms 7 of $ the % E Credit - % " $ Agrent. em 7 (a) B The > Loan 4$ % Star ? % Line 7 of % $ Credit , %% Borrowing , ' G Base; / Eligible 6 Feed + 5 % %; Lender; B {C) $ not ' " K subej ct to any > Lien in 7 5 % favor 7 of a # %' Pesr on first *$ % < 5 % 7 R%'$ $ < 7 % feed 7 " other than Lend; er (D) K not '* spoiled " or $ % " othse erwi in a $ condit nio '" unsubiatle for ngi lives ock t; and B/ (E) 5 '$ !G $ % $ > %G B? othese rwi accep e ablt to > %GG] Lender " ; $ * $ % ' (b) B The > Loan 4$ % Star ? % ' Loans % under $ the > Line of % $ Credit will $ bear + $ % '$ 7 intees rt at a % $ rate Q equal $ to $ the % $ % greeart of B (a) $ the " $ one mohtn >+,20 LIBOR * ' plus ) F 2.500% * % per " annmu, Adjusted on $ the - W '$ $ % '$ $ ) \ * $ per " annum. >+,20 LIBOR ' shall be $ %" ' determin ed as $ of $ the date fifth < day K of each > Line of % $ Credit $ Month, % or B (b) 2.500% R7$ % ' - W '$" $ $ $ respec ivet Adme ju.tst n or K if the date K of $ the % '* 5 respect ve i Adjus men tt is K not a , '" '' Bus ness i Day, then on $ the of the $ K % '* $ 5 - ' " E ? < *% , ' '' Busines Day immediate y l preceding $ the $ date 7 of the % '* 5 - W '$" $ respective Adjustme nt B$ (the % % greater 7 of $ ' those % $ ' rates, the ? < +"" $ < I() 9)5 1895745v1 Edward Va adao l . Jr. / % 1 Fifth -" E " Amendm nte Loan ? " ' Doc me unst > 6 215 ) - -- ·------------ : The d %" term ]> "Line 7 of % Credit $ C Month" " ' means " the one " $ month * % period beginn ng i on $ the 7 ' first < day 7 of the % calendar " $ month "" $ < immediately P following $ the -" " $ Amendm nte Eff veei ct Dat,e and / R5 ? each ' '' 5 successeiv one " $ month * pe "od ir . E C> "Line of 7 Cred t i >+,20 LIBOR + N Indexed , Rat.)e" : (e) The 2* % $ Operating > Line $ of % $G Credit; 0 < % Required #<" G Payments; $ % $< Maturity ? G Date. 4 $ Seconti 1.07 7 of J the % $ Credit B $' " ' - " Agee r nt me is % < hereby " amedn ed in $' its $ % $< ent retyi as 7 '; follow :s "1C 0. 7 Required # <" $'G % Payments; Maturity ? $ Date. R % , %% % (a) Borower ' shall * < pay % accredu 7 ' interest on $ > the Line 7 of % $ Credit on ? " % December ) 5, I 2016 and the B ? R fifth < day K of each " $ month t % % hereafter to $ the $ % $< Matu ity r Date. (b) B , %% % Borrower ' shall * < pay Line 7 $ of Credit *% * principla in $ the " $ amount K of ) $21 000 , .00 on ? " % Decemb r e ) 5, $ 2016, and on $ the "" fifth < day 7 of each " $ month + 5 % theeaft r er to $ the > Line 7 % $ of Credit $ % $< Matur ty i ? B R Date (defined % herein). E : (c) Th e * unpaid * * princpa il balace n 7 of, all * % unpiad accrued " $ ' interst on, and all $ other % ' charges B ' % + ' $ " under this agreemen t 5" with % '* K respect to $ the > Line 7 of % $ Cr,tedi shall be * paid on 4 *$ " % Septm e ebr 30, 2017 B (the C> "Line $ of 8 ? $ C S % $ Credit $ % Matrity u Date " . )" (d) B : % $ The : "% Term; + $ % '$ Interest. 4 $ Secon ti 8 2.03 of the Cre t di - % " $ Agreement ' is % < herbe y " amended in D4 its $ % $< entirety ' as ' follow:s C 8 + $ % '$ "2.03 Intere t.s : The * unpaid *% * principa l balance 7 of $ the : %" Term > Loan will % bear $ % 'K inteer st at a % $ rate Q equal to the greater of (a) the one month LIBOR plus 2.500% per annum, Adjusted on the fifth day of each Term Loan Month, >+,20 or (b) 2.500% * % per " annum . LIBOR ' shall be $ %" ' determin ed as 7 of the $ date 7 of the % '* $ 5 respctive e Adjustm ,nte or if $ the $ date 7 of the - W '$" $ $ K B E) E E ' respective Adjutsnt me is $ not , ' '' a Buisness ? < Day, $ then on the , ' '' Business ? < Day "" $ < * immediat lye preceding the $ date K of $ the % '* $ 5 - W ' " $ $ : %" 0 $ ] % '* $ 5 - W '$" $ Adjutm snet (the % $ % greater 7 of $ ' those % $ ' rates, $ the "Te rm > Loan >+,20 LIBOR + N Indeed x Rat . ) "e The term C: %" "Term > Loan respective : $ %" B$ $ C Mont"h " ' mea sn $ the one " $ month * % period beginning on $ the R%'$ first < day 7 of $ the % calendar " $ month +"" $ < immediat lye 7 following " the Amend mnet Effectiv e ? " Dae,t and each ' '' 5 successeiv one " $ month * % C peri " od. /77 5 -" " $ $ % $ 5 K B $ " $ >+,20 * ' ) \ * % " - W ' $ R7$ < 7 : %" > $ X $ (e) The : %"G Term; 0 % Required # <" $ Payments; $ % Maturity ? $ Date. 4 $ Section 9 2.04 of the Cred t i - % " $ Agee rm ent is % < hereby : ' $ $ B amedn ed in $' its $ $< entirety ' as 7 ' follows: " C 9 "2.04 $' "% ? $ % # Required Payments ; Maturity Date. (a) Borrowre shall * < pay % accrued ' inteer st on $ the Te rm > Loan on ? " % Decem bre 2016 and the "" fifth : , %% % ' )5, B $ day 7 of each " $ mon ht 7$ thereafter to the $ % $< Maturity ? E Daet. < (b) B , %% % Borrower ' shall * < pay : Term > Loan *% * princ pali in $ the " K amount 8 of $6, 00 000. E on ? " % December ) 5, + " $ 2016. and on the day K of each " $ month $ % % theea r fter to $ the "< Maturiyt ? $ Date B R (def nedi here . in ) " fifht < % (c) The * unpaid % * principal balance of, all * unpaid % accrued " % ' interest on, and all $ % other % ' chagr es : 7 B under + ' this % " " agreement $ wiht % '* respect B to the : %" Term > Loa,n ' shall be * paid on 4 *$ " % September 30, 2017 B" (the C: %" "Term > Loan % 8 E Matu ity r ? C S Da " . e)"t < & % (f) Gener l a ? 7 $ K Definitions; >+,20 LIBOR. : The following R defiend $ %" term )(K set forth in -%$ Art cle i 9 of $ the % $ Credit ( B7 Agreemen t +4 is % < hereby " amended and % '$ resta edt in 0' its $ $+,20C "LIBOR" mean , s for any + $ % '$ Intees rt Perid,o 8 a % $ rate * % per " annum Q equal $ to $ the > Londno + $ % ! interban k offeer d # % " ' 7 % < rate ' ""5'$ % as administe edr by $ the + / ICE , " %! Benchmark Admin atriontis (or < any % other # 5' Person $ $ that ' is ' $ designat de as - " '$% $ % $ ' B % < - " ' % successo r $ to the P / ICE , " %! Bencma hk r Adm nistoarntii for * %* ' ' purposes K of $ the " '$% $ admin io ra ntis of ' such $ rate) 7 % for * ' ' deposit P % ' '' % # E in U.S. I %' $ dollars with a %" term Q $ equ va ent li to ' such + $ % '$ Inteer st Period ** appea ng i r on the ** appliecabl page % or ' screen $ at " * Bloombe com. g r (or, " in the 5 K event ' such % rate ' does K not ** % appear on a ,+ " % Blcom oom .greb page % or ' % scre,en on the , " % " " * B appropria e t * page K or ' % screen of ' such $ % other $ %" 5 infoomat nr i service $ that * ' ' publishes ' such % $ rate ' as ' shall be ' seleced t by ' %5 **% *% $ < C Lender % from $ " time + to ti " me in $' its % '" reasonable " R discr on) eit at **% N " $ < approximate y l 11 :00 a.m.," > London " time." > % $ +9) 1?)() 895745v1 / 5 Valadao Edward . ; Jr. E 7 ? "" ' Fifth Amendmen t > Loan Document s K -" " " + " 2 216 , %% % ' ) 5. Borrower' s 0 % ' $ ' Representations. + ln addition to $ the % *% ' $ R ' reper se tatio ns n and %% ' wares rani t made < by , %% % Borrower + in the " > Loan ? " $' Docm u,sent Borrowe r %% $' warant r s and % *% ' $' reprtenss to > % Lender ' as 7 '; follows: $ , %% % 1 (a) No Change in , %% % Borrower . : % There ' has $ not been < any change in $ the %' * ownhsreip or '$% $ % structure of % B , %% % $ $ Borrowe r K or $' its ' ''G business; tha t the % ' ' *% 5 reso utiosn l providde to > % Lender with % '* respect to the > Loan ? " $' Documnest are in + full P % force % % " $ % $ 7 and $G effec ; t and $ $ that $ the %' undersigne d remain auth oze ri d to $ act on behalf K of and " bind , %% % Borrower. If < any K of $ % the forego in g is ' K % $ < inaccuar te or %% $ incorre, ct in any % %" '' Lendre harmless from ' % 7% " + '' ' any and all "' claim,s losses % or " ' damage s that > % Lender N* % ' expecrines or %' incurs ' as a % ' $ result. $ $ % < 1 (b) No /5 $ Event 7 ? 7 $ of Defau t. l : % There ' is no /5 Evetn 7 of ? $ $ Default % or 5 $ event whic, h $ with notice % or $ the *' lapse K of $ " time B would be /5 $ an Event 7 of ? 7 $ Default % under $ the > Loan ? " $' Docum . nest F %% (c) Warranty + %" lnfonnation . The inform on i t a furned ish to > % Ledn er by , 5% % ' Borrower as * %$ 7 part of + ' this : 7 %" 7 % ' $ B < % -" " $ " ' " ' Amendt m ne were furni ed hs as a " $ % matalrei indcu ement for % > % Lender $ to " 7< modify $ the $ %"' terms 7 of the Loan $ with , %% % Borrow re and +' is $ > 7 " informatio n upon which $ the > % Lendre is % < relying on + in % $ grant ngi the $ %"' terms % % hereund. re Borrower further %% $' warrnast and * +' $ , %% % % $ $ % $ ' 5 % guarantee s that all $ the 7 %" $ inform tion a given to $ the > % Lender ' is "* $ comp , ele t accur eta and $ < fully % *% ' $' , %% %E' represenst Bororwer's finanical R and * % $ operatgin condit .sio n $ ' : $ F R ' (d) Cont ng nuii Representation s and Warranties . Th e % *% ' $ $ ' represe sontiant and %% $ ' warrnaies t of , %% % Borrower 0 % ' $ ' 9 B ' $ 7 %" % set forth in $ the > Loan ? " $' Docum ntse are +" true, %% $ correct, and "* $ complete in all " % maetiral respe.sct % '* $' 6. $ ' Condition s K of $ ' this -" " $ Amendment. > % Lender ' shall 5 have no $ ob gatio li n to N $ exec teu this -" " $ Amendm t ne or * % perfmor its $ $ ' K +$' ' obligation s under thi s -" " $ Amdm nenet unless and until $ the foll owgin conditi s on are ' $ 'R sat sfie i d on or % before 1 5 " % Novembre 30, 2016 % $ ' $ ' '' 7 % % 8 ? ] B]: 5"" $ +7 ("Tnaertio min Date . )" If $ the 6 following $ ' cond tiosn i preced nte ar % e $ ' $ 'R not satisfed i on % or $ $ before the : %" $ Terantiom ni Daet, then the *% $ $ ? $ $'$ *% * 7 outstandi ng priniclpa baancl e of $ the > Loan and all % accrued and * unpaid + $ % '$ interest and ] all $ % other " $' amounts * < payable under the > Loan % ? " $' ' Document s sha ll " become "" $ < immedia lye t du e and * < payable without prese ment, nt demand, " '$ prot,est notice 7 of intent to % acce erate, l *% ' " $ " $ % 7 % $ % notice 7 of % acce era ionlt or $ notice % Q % " $' requitsrenm e of any er ! kind, all $ of which ar e wa ived < by , %% % Borrower and > % Lender may N % ' exe serc i any 5 < oth " < < % or all 7 of +$' its % $' rights % under $ the > Loan ? " ' Docum nes,t unh nde ed ir by $ ' this -" " $E Amnet:dm ne % < (a) B (b) B Amend ; emtn -" " $ (e) B Borrow re has exec teud and 5 % del veedri this Am endm nt e to > %; Lende; r , %% % ' N $ $) -" " $ $ & % $ % ' $ $ Gua an or rt has N $ executed and 5 % delvi ered to > % Lender the attached ackno edg ntm ewl and ' consten to $ ' this ! " $ $ Borrower ' has * paid $ to > $ Lender a Joan fee in $ the " amount 7 of ) )I )); $1 581 65 , ;. and , %% % > %E' + 7 %" $ (d) Lende s'r receipt K of all other " ' docum ,nest informa no ti and $ % *% $ ' other precon s dnioit required < by > %E Lende,r $ % % "*K % Q % B 7 *% ' $ % includ ng, i without + " E limatition, execu det assig me nnst of procee sd for all creaesmeri where , %% $ Borrower delivers %< dairy '' " $' N % C % " ' 5 %' produc .s t *% $' $2 7 0 $' $ 7. Res on ervat i of Right . s : Though > % Lendre +' is % " agreei gn to " amend the > Loan ' as ' $ set forth herein, Lendre reserves 0 ' $ $ % " > % % ' %5 ' % wh - % < and % " ' remesdie to ich it ' is, % or " < may " E becom ,e legally " $ ent tledi under $ the > Loan ? " ' Docum . ntse Accordingly , this Ame ndm nte all rights < $ ' -" " $ 7 $ % does $ not '$ $ $ con tute ist a 5 % waiver K of any right or rem edy $ $ that " < may % or in $ the futu er ' does " become available $ to > % Lender % or 7 of < any defau t l % or 5 ' % " < 7 $ < % $ K %$'K Event of ? Deaf ult occu ng rri after the date 7 of $ ' this -" " $ Amend t.mne /5 $ $ $ 2 D1+DU % $' $ 8. No "" $" $ Comm tment i as $ to 6 $ % Future 6 Financing . This -" " Amendmen t is K not a "" $" " commitme t n on $ the > % ' Len sd' er part $ to I 1 ' : +4 ' * %$ *% prov de i Borowre or < any % $ related $ $< ent tyi $ with < any 7 $ % future fiR nancing in any amotun beyond the ter ms ' $ set forth in E ' this -" " $ Amendm nt.e % , $ % 5"' 7 %$ " < < " 9. ( 1 No 277' $ Offt,es ? 7 ' Defense % or " Claim. Borower does not 5 have < any B (a) 77' $' offsset aga nst i the " $ amount * < paybael under '$ $ ,212F&+ ' $ $ 7 the > Loan ? " $'G Documents ; (b) defe ses n to$ $ the * <" $ paym tne of any amounts 7 under $ the > ? " $'G Loan Docum ; nset or B (c) "' claims '$ aga nst i Lender in 7 ' ' < " $' > 5 B R : $ N connion ect with $ the > Loan ? " $' Doc me u.nst To the extent any such "' claims do ' exis,t Borrower % < hereyb 5 ' wa ves i them $ to $ the full est extent , %% $ $ $ " < ' ' N$ $ * %" permitted < by law. : 10. No F 5 % Waiv .re The N $ exon ec , i tu delivery an d 77 $ 5 '' effect ve ess ni of $ ' this -" " $ Amendment ' $ shall not, ex cept as expressly 1 5 %< N *$ ' N*% '' < *% 5 % " * % $ prov ded i herein, ope ate r as a waiver of < any ri% $ ght, power % or % " < remeyd of $ the > 5 Lender % under $ the % $ Cred t i - % " $ Agreemen t or $ % other Loan ' * 5 % 7 % > - % " $ Docume ts,n nor ' constitute a wa iver 7 of < any *% 5" proovinis of the % K Credit Agr eeme t n or $ % other > Loan ? " ' Docum .sent K $ % 5 % ? " $' % 1 8() 95 895745 v1 /"" G Q Edward Va ada l o. Jr. 3 E8 D"O Fifth -" " $ Amentdnm e Loan ? " $' Docm u sent > 217 11. ' '$' Expenses. : The , % Borrowre shall * < pay on " demand all costs N* ' ' and expenses incurred < by $ the > $ Lender in+ $ connection %% /N ' ' > with the prepraation , execution , 5 %< delivery, R E fiilng, and " '$% $ administra ion t of this (inng clud ,i without " $ $ lm i tat on i ,i Legal 6 ' Fees 7 $ ' Amendment -" " $ B $ $ $ *% * % $ N $ $ incu edrr in conne on i tc with $ the *% * % $ preparation K of C ' thsi -" " $ Amne dm nte and adsivng i the > % Lender as to ' its % $' rights, and $ the '$ cost 7 of < any % $ credit 5 ' ' $ $ 7 verficiation reports % or 7 fiedl N " $ ' examin tion as of $ the , %% % ' Borrow s 'er *% * ' propertie s % or !' books and % % ' records) . , %% %E' Borrower s ' ' obligations $ to > % Lender 5 % R % 5 %$' Seon cti shall ' %5 surv vei termination of $ ' this -" " $ Amendm nte and repaym t ne of , %% %' Borrowe s r' R ' obligations $ to > % Lender % under $ the under $ ' this 4 $ $ %" $ K % ' Z % * <" $ Cred t i - % " $ Agreem nt.e % $ 2+M 12. Seity verabi l of #% 5 ' ' Provisions. : The + 5 < inv tyalidi or 7 % < unenforcea bility of < any $ %" term % or *% 5 ' provision 7 of ' this -" " $ Amendment, % or 7 K 4 5 % in the Loan Docum ,ntes shall $ not 77 $ affect $ the 5 $< validity % or 7 % $< enfor ty iecilba of the % " remain ng i terms of the > G Loan; and each *% 5 ' provis on i in $ ' this $ %"' 7 $ ' 5 + Amendm nt ,e or $ the > Loan ? " ' Documents , ' as **% *% $ approp ate,i r shall be val id and 7 % enfocea r ble to $ the full est N$ extent * %" $$ permitt de < by law. $ ' $ '$ % -" " " $ > ? " $' 13. 8 -" " $ Binding on D %' Heirs, 4 '' %' Successors and -'' ' Assigns. : The *% 5 ' ' 7 prov onssi i of $ ' this Am endment ' shall bind $ % '* $ 5 the respective , he rs, i exec ,surot personal repr esentativ es , admin rato st , sri successosr and '' ' assisgn of $ the * ' parties. K ' '' %' % *% ' $ $ 5 ' " '$% $ %' %' * %' K N $ %' 14. 9 Further -'' % ' Assurances. , %% % % ' Borrower agrees $ to N $ execute < any $ add tioanl i docum nets that ma y be '' %< necessary ; or " $' $ $ 6 ; " < dered si by > %$ Lender to 77 $ $ effectuate the $ intent and * %* ' purpose 7 of $ ' this -" " $ Amendm t.ne ' % < -" " 15. Execut on i in $ " 'E Counterparts . Thi s Am nedm nte may be N $ execu det in < any " % number 7 of %* ' counterpart s, each 7 of wh chi + ' ) /N $ " < when so execu ed t and % devlierd shall be " deemed to be an orig nali and all of wh chi ! taken $ $ % toget erh ' shall ' " consti ute t but one and $ the ' N $ ' C $ $ same + '$% " $ instrument. ' " 16. ' Governing > Law. : ' This -" " $ Amendm nte shall be % $ $*% interprdtee by ** < app ngyil the laws 7 of the State of $ % Caaforn li i without $ ' $ 4$ $ $ & 5 % < dr + to $' its $ conflict 7 of law * * ' principle .s rega % % 7 17. Opt cally i Imaged 0 " $ ' Reproductions . > % Lendre " < may " ! make an * < optically +" imaged % *% $ reproduct on i of < any % or all > Loan " E 2 $ < ' $' % Docum ent s and, at its $ elec on it , destroy $ the "" original % or % " ' original .s Boro r wer consents $ to $ the '$% $ destruction 7 of t$ he % orignal i or % ' originals , %% % ? " $' ' "< $ K; 7 7 and % ' agrees $ $ that a *< copy K of $ the *$ < opt cally i i " magde $ *% reprodu tion c of < any > Loan ? " $ Docum net wi ll be $ the Q 5 $ equiva ent l of and $ % for all * %* ' ' purposes C7 % 7 consti teut an ^ % C "origin " la docum nt. e For * %* ' ' puproses of thi s ' $ sec on,i t "for all * %* ' 'C purposes " ' includes ' use $ of $ the *$ < opt cally i imaged $ ' 6 % " " $ '$ $ $ % % $% reprodu tion c (a) $ to *% 5 prove $ the $ $ content 7 of the % original " K docum t ne at $% tria , l " $ me at ondi, arb trat oni i or " '$% $ 5 admi istrative n hearing; B (b) 7 % for < any $ % G 5 *% B % N$ % ' -" 'G bus nessi purpose; B (e) for internal or exterlan aud ts i @ % and/or N " $ examin tion a by % or on 7 beha f l 7 of & 5 "" Governm ta l ne Aues tho ;i tri (d) in 7 % " ' '' * %* ' G < B canceling % or $% '7 %% tranesfrring any " $G docum nt; e and B (e) in W conjun notic with < any % other $% ' $ transac io nt evidenced by E the % origin l a " $ document. 5 < < 18. I WA VER I OF :0+-> TRIAL ,A BY 0A JURY. :D/ THE #-0:+/4 PARTIES B- (A) 2 /1-1: COVN E ANT -1? AND -&0// AGREE 12: NOT :2 TO />/ : ELECT - A :0+-> TR AL I BY 26 ,A F-+ /0 0E+ 0 26 JURY +1 IN -1A ANY - :+21 ACTION 20 OR #02 //?+1& PROCE NGI DE FOR :D/ THE 0/42> :+21 RESOLUT ON I OF -1A ANY ?+4# :/ DISPTUE, CONTRO ERSY V OR >-+ CLA M I :D-: THAT 620 21:02 /04A FD/:D/0 +1 AR SES I OUT 26 OF 20 OR 0/>-:/4 RELATE S :2; TO: B+ (I) :D+4 TH SI -&0// /1:G AGRENT M E; OR B (li) -1A ANY >2-1 LOAN ?2 /1: DOC N M EU,T WHETHER -0+4+1& AR NG SI I IN 20 2 : -0+4/4 B+1?+ +? ->>A CONTRACT , :20: TORT 20 OR ,A BY 4:-: :/ STAT TE U (INDIV IDUALLY -1? AND 2>>/ :+ />A COLLECTIV LY,E A ]?+4# :/C G "D SPUTE" I ; ) AND, B8 (B) :2 TO :D/ THE /L:/1: EXTENT - -1? 21:0- : ->> 0 &D: ,A PERM TIDIE BY -##>+ -,>/ APPLICABLE >-F LAW, D/0/,A HEREB Y +00/ 2 -,>A IRREVOCABLY F-+ / WA VEI ALL RIGHT :2 TO - A :0+-> TR AL I BY 0A JURY -4 AS :2 TO -1A ANY ,A #/0 +::/? ISSUE 0/>-:+1& RELATING D/0/:2 HERTEO +1 IN -1A ANY - :+21 ACT ONI, PROCEED NG I OR 2 1:/0 >-+ COUNT RCLAIM E AR NG SI I OUT 26 OF 20 OR 0/>-: 1& REL NG ATI TO 20 2 : :2 #02 //?+1& -0+4+1& 44 / ANY LOAN ?2 /1: DOC MENT U TO :D/ THE /L:/1: EXTENT SU CH 0+&D: RIGHT EX STS I NOW 20 OR +1 IN :1/ THE 6 : 0/ FUTURE . THE PROVI ONS IS OF :D+4 TH SI :D/ #02 +) 14 26 4 D /L+4:4 12F -1A >2-1 :2 -1? -1? SEON CTI ARE 4/#-0-:/>A SEPARAT LY E GIVEN ,A BY /- D EACH #-0:A PARTY .12F+1&>A KNOW NGLY I AND 2> 1:-0+> G VOLUNTAR ;YL I AND -0/ ARE - A -:/0+-> MATERIAL &+ /1 -0/ 4/ :+21 :D/ INDUC MENT E FOR :D/ THE >/1?/0 LENDER /1:/0+1& ENTERING +1:2 INTO TH E >2-1 LOAN ?2 /1:4 DOC N EMUTS . 620 +1? / /1: D 19 Joint and Sever l a 2 $ ' Obl gation i s. If , %% % Borrower '5' ' consists 7 of " % moer $ than one # %' Person , each , % Borrowe r B (a) N*% '' < expressly $ 4 5 % (. ack edges ow nl that $ it ' has R$ benefited and will R benefit, directly and % $ < indirectl , y 7% " from > each Loan and ! ' acknodg wes el and %$ ! ' undert es,ka % $ < ! ' $ $ toget reh F $ with the $ % other , %% %' Borowers , W K joint and ' 5 % sevaelr liality bi for $ the * punctual paym nt e when due, $ % whether at '$ $ stated " E < maturity , < by 7 % $ $< * <" $ $ $ % +4 the $ * $ erat on li or ' otherwise , of al l 2 5 'G Obogat sn;li i (b) ! ' acknow egd es l tha t $ ' thsi " $ agree ntem is indeepnd en t and ' 5 % sevaler obigonlati of acce $ $ 7 % $ % B $ % each , %% % Borrower and " < may be 7 % enforced '$ agatin s , %% % each Borowe r r ' * % $ < sepa y, rat le wherthe % or $ not enforc eme nt K of < any % right % or % " < remedy 7 % " $ % % hereeun dr has been ' $ sougth against < any $ % otehr , %% % Borro ; wre and B (c) % ' agrees $ $ that $' its $< liatybili hereunder and undre < any $ % other > Loan '$ % % ' -1A F-+ /4 Docum nte is ' $ abutsoel , un, co iotalnndi continuin g and $% 5 E irrevocable . ,2002F/0 BORRW O ER /L#0/44>A EXPRESYLS WA VES I ANY 0/U +0/ /1: REQUIR NT EEM ' ? " $ $ $ THA T >/1?/0 LENDER /LD- 4: EXHAU TS ANY 0+&D:E RIGHT, POWER 20 OR 0/ /?A REMEDY -1? AND #02 //? PROCEE D -&-+14: AGA NST I THE 2:D/0 OTE H R ,2002F/04 BORROWER S :D/ -1A #2F/0 :D-: -1A UNDER :D+4 THIS AGREEMENT , 20 OR ANY OTHER >2-1 LOAN ?2 /1A4 DOCUMEN , S T 20 OR -&-+14: AGAIN TS ANY 2:D/0 OTHER #/0421 PERSON 1?/0 UNDER -1A ANY -1A 2:D/0 -&0// /1: 1?/0 GUARATY N OF, 20 OR 4/ 0+:A SECUR TY I FOR, -1A ANY 26 OF :D/ THE 2, &-:+214E OBONS LIGAT .I 26 & -0-1:A 620 1 I() 95 89575v 41 - 4 Edw dra Va ada l o, / Jr. D " et n Loan ? " Docume nt s Fifth -" " $ Amendm > ( 0 218 .. ·---------- The * %$ ' parties 5 have sign de $ ' this -" " $ Amendm nte effective ' as 7 of $ the da y and < % year R%'$ first % $$ written 5 abov.e 77 $ 5 : ' < BORROWER 9 9@9 X EDWARD ->-?-2 VALADAO , 0 JR .. doing ' '' bu nes si s as Lone 4$ % ? %< Star Dairy /?F-0? ' > 3() 9)5 1895741v5 % Edwrda Va adlao, Jr. / 5 ( ' '' ' > 4$ % ? %< 5 ) Fifth -" " $ Amedn ment Loan Doc sm tune 6 > ? " $' #2 B? 219 G ·------ --·-----------·-·· X >/1?/0 LENDER 0-,2,-1. RABOBANK ~N. , 1 - 17 ~ e,iJA~ + D-/> >+ -4, Vice MI CHLUMA S #% ' $ Pres dent i 1C8() 9) 8957 5v 41 % / % Edw dra E Valda ao. Jr. Fifth -" " $ Amendmnte Loa n ? " $' Docum nt es 6 7$ > 6 `8 220 E ~ -------------------------- - - ·· ---··------ ·- - ··--. ---------·· - .12F>/?&/ /1:-1? 214/1:26& -0-1:20 ACKNOWL TNDG EEME AND CONS NET OF GUARANTOR : -" " $ The %' unde isegrnd hereby B (i) ! F ' ackonwledsge and ' $' consesnt to $ 7 % the forenggoi Ame nd mnte and B (ii) R%"' confirms $ $ that ' his & % $< Guaranty $ : % < < 7 remaisn in 7 full 7 % force and 77 $ effect and % $ ' guartees na all 2 $ ' Obga slionti of $ the , %% % Borowe r % under $ the % $ Credit - % " $ ' Agrent em e, as " amende, d and any and % " ' % all other & % $ Guarneed t Obliga siont under the & % $< Guara ty.n 2 $ ' $ % GUARANTOR & -0-1:20 /? -0?2 ->-?-2 EDUARDO VALADAO 1 I() 9)5 8957 5v 41 7 / 5 Edwdar Va adao l. Jr. Fifth Amendment n ? " $' Docu tsnm e 6N -" " $ Loa > 221 EXHIBIT 222 Rabobank,N.A. 0 ! 1 - 4 @ ' - " '$% $ "" % Commercial > Loan Admi nitrat s i on Se rvices 27R addres 4 $ < % '' 8998 South , 5 Office s 3443 Moone y Blvd (8 - 93277 ' @ Vi salia, CA '' 4 $ < , 5 Mailing address 8998 3443 South Mooney Blvd F' - 93277 (8 Vi salia, CA : * )I)=88(9 Te lephone (559) 94 P))( 585-33 9 May 16, 201 4 < / % Val -*% Valadao, Edward adao, % Jr. and April ' '' > 4$ % bus ' Lone doing iness as Star Dairy ? %< I 8) -5 !' Ave 8635 Jackson (8 8 D 7 % Hanford, - CA 93230 89I (= 0 ; RNA 01- > 1 " % Re: Loan Numb er 348279-01 0 5 5 > 7 Revol ving Line of % $ Credit [8 $3,500, 00 000. ) /N$ ' : %"' 7 > Extension 7 of Terms of Loan % %' ? % Mr. and Mrs. Valadao, Dear : ' wi $ $ 0 ! , 1 - % to 5 = $ N$ This ll R%" confirm tha t Rabobank N. A. B], !C ("Bank") ' has agreed extend $ the above% 7 % 7 $ followin refer enced loan B$ (the ]> C "Loan") on g $ %"' terms and ons :i the condit $ '; / E $ The : ? " $' 0 " in l. The 2% Original > Loan Docume nts F Will Remain Effect. : original % loan " $' 7 % $ ' > that % N $ $ $ were % $ May documents for this Loan executed on or about 2013 (as < 16, 8 B ' ]> ? " $'^ ' $ "Loa " % " in full 7 force 7 % and 77 $ N *$ as ' amended, the n Documents") shall remain eff ect except " R $ arise $ this % ' between $$ % and Loan modified by this $$ % letter. 4 Should an y conflict $ ' letter the > < $ ' < $ ' $$ % $ this $% ? " $' ' control. Documetns, then letter shall 2. : " $ % $< $ on $ > ' N$ Maturity ? $ Date. The maturit y date the Loan shall be extended from May 30, $ % $< 7% " < 8 $ August - 'N 31 9 to : ' means " $' " ' $'$ 2014 , 9 2014. This all amount s outstandin gunder 8 % the $ Loan > - '$ 9 * < be due and payable on Augu st 318 , 2014. will 2$ % Ter 6 % Full 6 Force - other conditi : %"' 0 " /77 $ All $ % terms 3. Other ms Remain in and Effect. ons $ ' $ %"' and full ' remain > Docume % " in ? " $' ' $ 7 force 7 % as ' $ set 7 %$ forth in the Loan nts shall and 77 $ eff ect. 6 This 1 "" $" $ ' $ N$ the $ : ' agree 6 $ % Financing. % " $ 4. No Commitment as to Future ment to $ extend *% 5 "" $" $ " $ % $< $ $ ' > is ' not $ a commitmen $ prov % any % $ maturity date on thi s Loan t to ide < you or ated < rel $ R any $ N$ $ entity wi th any futur e financin g in amount beyond extended maturity " % $< date < the "< < 7 $ % < " $ $ ' letter. $$ % ' $ this set 7 forth in 5. N$ ' N ' extens $ this ' E 7 %$ ' set : Bank , ! is ' % 0 ' %5 $ 0 $' Though Reservat ion 7 of Rights. agreein g to on i as forth $ ' $ it $ should ' this % $' % " ' 5 rights % ' %5 ' all herein, it $ specifi cally reserves and remedies available to '* R < % (1111 )1 B /LD+,+: EXH B IT I R 0 223 8 Rabobank Page @ 2/2 # Loan experience an 5 $ event 7 of 7 $ defaul t R % after $ the % $ granti ng 7 of $ ' this N$ ' extension . > N* % According y, l this letter ' does $ not '$ $ $ constitute a waiver of < any % $ right % or % " < remedy $ $ that 5 % 7 $ ' $$ % - % < may in $ the 7 $ % future become available to or 7 of < any 7 $ defaul t % or 5 $ event 7 of 7 $ default $ Bank " 5 , ! % " < occurring R % after $ the $ date 7 of $ ' this $$ % letter. %% 6. Extension 6 Fee. : % There ' is a [ $0. 00 7 fee for extension that is due * upon N $ execution $ ' N$ ' $ $ ' 7 % this /N$ ' of $ ' this $$ % letter. 7 ' '' We Finally, we would ! like $ to $ ! thank < you 7 % for < % your business. will $ contin ue to provi de you F $ *% 5 6 < < with the '$ highest 5 level 7 of '$ " % customer ' %5 servi ce 7 % for < % your 7 $ % future 5 %' endeavors, ' so * ' please ! * keep ' us in $ $ mind when ' % considering your future ' '' business ' needs. " < % 7 $ % Mary 1 Nance %< A VP H - > Loan Documentation Manager - # ? " $ $ % cc: ; Eduardo Valadao / % 9 224 Rabobank, 1 - N.A. 0 ! "" % - " '$% $ 4 %5 ' Comm recial > Loan Administration Services % '' 3443 27R 4 $ Moon Office address ey Blvd 8998 South , 5 < ' Visali a, CA 93277 - (8 [ $ 8998 South Maan , 5 Mailing % '' address 3443 ey Blvd < - 93277 ' a, CA (8 Visali )I)=88(9 : * Tele phone (559) 585-3 394 B))( 9 May 16, < 2014 / % Valadao % -*% Valadao, , Jr. Edward and April ' '' > 4$ % doing business ' as Lone Star Dairy ? %< I 8) 8635 !' Jackson -5 Ave D 7 % Hanford, - CA (8 8 93230 1 " % 89I (= 9 0 ; 01- Re: RNA > Loan Number 348279-04 : %" Tenn > Loan [8) $350,000.0 0 : %"' of 7 Loan > /N$ ' 7 Extension of Terms %' ? % Mr. % Dear and Mrs . Valadao, B], !^ ' R%" that $ $ Rabobank $ 5 H % to : ' $ N$ 0 ! , 1 - This will confirm N. A ("Bank") has agreed extend the aboveC> ^ on $ following 7 terms $ %"' $ '; % 7 % referenced loan B$ (the "Loan") and condi tions: the : ? " $' Will > Documents 0 " in 2% Loan F Remain /77 $ : % l. The Original Effect. The original loan 7 % $ ' N $ " $' > $ $ % about $ May documesnt for this Loan that % were executed on or 8 (as < 16, 2013 B ' ? " $'] ' remain % " in 7 force $ ]> " full 7 % and amended, the "Loan Document s") shall effect exce pt as 77 $ N *$ ' $$ % " R $ $ 4 $ ' % ' $$ % $ ' modified < by this letter. Shoul d < any conflict arise between this letter and > the $ Loan ' $% $ $ ' $$ % shall ? " $'s, then Document this letter control. Loan > ' ? $ : N$ from the extended 7% " May 2. $ % $< Matu rity Date. The " $ "< maturity $ date on shall be 30, < 8 9 9 " $' " ' all : ' $ August - '$ 8 2014 to 31, 201 4. This means amounts $'$ outstanding % under the > $ Loan due 9 will be and * < payable on - '$ August 31, 8 2014. /R $ All - $ % $ %"' and $ ' conditions 3. 2$ % Other : %"' Terms 0 " Remain 6 in Full 6 % Force and Effect. other terms the ' ' $ forth 7 %$ in ? " $' % " in full 7 force 7 % and effect. > Document $ Loan 77 $ as set s ' shall remain : ' agreement " extend 6 $ % Financing. N$ the 6 This "" $" $ ' 1 Commitment $ Future % " $ to $ 4. No as to "" $" $ to > ' $ provide *% 5 < $ % any % $ maturity date on $ ' this Loan is not a commitment you or ated " $ % $< $ < rel R $ < 7 $ % financing N$ " $ % $< $ enti ty with any future in < any " $ amount beyond the extended maturity date < $ $ $< $$ % ' $ forth $ ' letter. 7 %$ set in this 5. ' $ forth 7 %$ ' set % $ $ ' N$ ' , ! ' : Bank 0 $' Though Reservation of Rights. is agreeing to this extension as 0 ' %5 $ 7 $ it $ shoul ' $ ' 5 remedies % " ' avail % $' and rights herein, it $ '* R < specificall y % ' %5 ' reserves all aebl to d this % B (11/11) 225 ) 0 ! Rabobank # Page @ 2/2 > Loan N* % experience an 5 $ event 7 of 7 $ default R % after $ the % $ granting 7 of $ ' this N$ ' extension. $ '$ $ $ Accordingly , $ ' this $$ % letter ' does not constitute a 5 % waiver 7 of < any % $ right % or % " < remedy $ $ that - % < % , ! % 7 $ 5 $ 7 $ % " $ 7 5 $ 7 7 $ may in the future become available to Bank or of < any default or event of default " < occurring R % after $ the $ date 7 of $ ' this $$ % letter. /N$ ' 6 6. Extension Fee. : % There ' is a [ $0.00 7 fee 7 % for $ ' this N$ ' extension $ $ that ' is due * upon N $ execution 7 of $ ' this $$ % letter. ! $ Finally, we woul d like to $ ! thank < you 7 % for < % your ' '' business. F We will $ continue $ to *% 5 provide < you 6 < $ with $ the '$ highest 5 level 7 of '$ " % customer ' %5 service 7 % for < % your 7 $ % future 5 %' endeavors, ' so * ' please ! * keep ' us in " mind when con % idering < % your 7 $ % future ' '' business ' needs. Mary Nance %< 1 - # % ? " $ $ Manager > Documentation AVP = - Loan ; cc: / % Eduardo Valadao 226 Rabobank, 1 - N.A. 0 ! 4 %5 ' Commercial > Loan - " '$% $ Admi nistration Services "" % 27R Office % '' address 8998 3443 4 $ South Mooney Blvd < , 5 (8 ' - 932 Visalia, CA 77 8998 4 $ < 5 Mailing % '' address 3443 South Mooney Blvd Visalia, - CA (8 93277 ' )I)=88(8 : * B))( Telephone (559) 585-3393 August ) 25, ) 2015 - '$ Edward Val adao, % Jr. and -*% April Valadao, / % as > Lone 4$ % Star ? %< Dairy doing ' '' business ' -5 I 8) 8635 !' Jackson Ave (8 8 Hanford , CA 93230 - D 7 % 89I (= > 1 " % Re: Number 348279-1 0 ; RNA 01- Loan Loan 4$ % Star ? %< Dairy = - 0 5 5 Rev ol ving> Lin e 7 of % $ Credit [8 $3,500 00000. , ) > Exten sion 7 of : %"' Terms of Loan 7 > /N$ ' Dear % Mr. and %' Mrs . Valadao , ? % Thi s will R%" confirm $ $ that 0 ! Rabobank 1 - N. , A. B], !C ("Bank ")has agreed $ to N$ extend $ the 5 5 above ' % : ' ]> ^ refer enced loan (the "Loan") on $ the 7 $ %"' following terms and $ '; cond tion i s: % 7 % + B$ 1. : 0 " F Remain The 2% Original > Loan ? " $' Document sWill io Effect. The % original loan /77 $ : $ $ were % N $ docum ents for this Loan executed on % or about May 16, 8 2013 B ' (as " $' 7 % $ ' > that $ < RE $ ]> ? " $'C ' 7 amended ) remain e and eff ect except as $ "Loan Document s" shall % " in full forc 7 % N *$ ' " , the modified < by this Should < any $ conflict % ' arise $ between this and $ the > Loan " R $ ' letter. $$ 4 $$ % $ ' letter Documents , this letter ' shall $% contro l. $ $ ' $$ % ? " $' then 2. Maturity Date. : The " $ % $< maturity $ date on $ the Loan be N$ extended 7% " - '$ from August ' > shall $ % $< ? $ 31, ) 2015 $ to 4 *$ " % September 8 30, ) 2015. This means all " $' amount s outstanding under the : ' " ' $'$ % $ 8 and * < payabe l on 4 *$ " % September 30, 2015. Loan will be ) due > 8 3. 2$ % Other : %"' Terms 0 " Remain in and /77 $ Effect. - $ % All other $ %"' terms and condition s Full 6 % $ ' 6 Force as set forth in the Loan Docum ent s shall remain in full force and effect. ' ? " $' % " > 7 ' $ 7 % 77 $ 7 %$ $ ' 4. 1 No "" $" $ Commitment ' as to Future Financing. s % " $ agreem ent to extend the 6 Thi : ' $ N$ $ $ 6 $ % maturity $ date on $ ' this > Loan is not a "" $" $ commitment $ to provide or any d % $ *% 5 you ' $ " $ % $< < relate < % entity with any 7 $ % future R financin g in < any " $ amount beyond extended maturit y date $ N$ " $ % $< $ $ < < the $ $< set forth this letter. $$ % 7 %$ in ' $ $ ' S. 7 %$ ' ' $ Reservation of Rights . Th oug h, ! Bank ' is % agree ing $ to $ ' thi s N$ ' extensi on as set fo rth : 0 $' 0 ' %5 $ 7 $ ' ' $ $ 5 % " ' herein , it specifically reserves all rights and remedie s avail able to it should thi s % $' % $ '* R < % ' %5 ' (11/11 ) B 227 X Rabobank 0 ! # Page @ 2/2 > N* % 7 default R % $ 7 $ after Loan experience an event the granting on. 5 $ of % $ of $ ' extensi 7 this N$ ' '$ $ $ a waiver $$ % does ' not Accordingly, this letter any right 5 % of $ constitute 7 < % $ or % remedy - % < $ ' $ $ % " < that $ Bank 5 to may in the 7 $ % future " become available or of event of $ , ! % 7 $ or % 5 $ 7 any 7 default 7 $ " < < default $$ % %% occurring after the date 7 of $ ' this letter. R % $ $ 6. $0. 7 for 7 % this $ ' extension ' due N$ ' that /N$ ' Fee. ' a $ $ is Extension 00 fee upon 6 There : % is [ * execution N $ $ ' $$ % of this letter. 7 7 % your Finally, would like to thank you for continue ' '' We $ ! < F will ! $ *% 5 you $ to $ provide < % business. 6 < we < $ $ highest 7 % your ease keep with the of '$ " % customer ' %5 service for so pl '$ level 5 7 7 $ % endeavors, * ' 5 %' ' ! * us < % future ' in mind when considering your " ' % 7 $ % business ' ' '' needs. < % future X 1 Mary %< Nance % Vice #% ' $ President = - > Loan Documentation ? " $ Manager ; cc: Eduardo Valadao / % I 228 1 - Rabobank, N.A. 0 ! 4 %5 ' - " '$% $ Serv Commercial Loan ices > Administration "" % Office 3443 Sout h Mooney 27R address % '' 8998 , 5 4 $ < Blvd Vis alia, CA (8 F' - 93277 Mailing th Mooney Blvd address % '' 3443 8998 Sou 4 $ < , 5 Visalia, CA - 93277 (8 ' @ )I)=88(8 Telephone : * (559) B))( 585-3393 August 25, 2015 - '$ ) ) Edward Val adao, % Jr. and -*% April Valadao, / % 4$ % Dairy doing business > Star ' '' as ' Lone ? %< 8635 !' Jackson Ave -5 I 8) Hanford, CA 93230 (8 8 - D 7 % 89I (H9 1 " % 348279-4 Re : RNA Loan Number 01- > 0 ; Term Loan $260,000.00 : %" > [ Extens oni of Terms 7 of Loan > /N$ ' 7 : %"' Dear and %' Mrs. Val adao , % ? % Mr. B], !C This will confirm ") has 5 H $ $ Rabobank, 1 - ("Bank ' agreed $ extend : ' R%" that N$ the 0 ! N.A. % to $ above ]> C % 7 % refer enced loan on the 7 terms (the conditions: $ %"' and $ following $ '; B$ "Loan") 1. The Original in Effect. > Documents ? " $' Will + : 0 " F Remain 2% Loan /77 $ The : origina % l loan " $' docum ents for executed on or about 16, 2013 (as > that $ $ were % N $ % 7 % this $ ' Loan $ May 8 < B ' ]> Docu ? " $'^ ' remain amended , $ the "Loan ments " ) shall in full effect except " % " 7 force 7 % and 77 $ N *$ as ' " 7 $$ % 4 modified by this letter. Should any conflict % ' arise between letter and $ this $ ' $$ % the < $ > < $ ' $ Loan Docum ents, then l. $% ' contro $$ % shall $ this $ ' letter ? " $' 2. $ Loan Maturity Date. maturity $ date on August : " $ % $< ? $ The the > shall ' be $ % $< N$ from extended 7% " - '$ 31, to September amounts outstanding ) This ) $ 4 *$ " % 30, : ' means " ' all " $' $'$ under % the $ 8K 2015 8 2015. Loan will be due and September 30, > payable 4 *$ " % ) * < on 8 2015. 3. Other 0 " in 6 Force 2$ % Terms : %"' Remain 6 % and + Effect. /77 $ All - other $ % terms Full $ %"' and conditions $ ' the ' remain full as set forth in ' 7 $ Loan ? " $' shall % " in 7 % and 77 $ ' > Documents 7 force effect. 4. No Commitment as to 6 $ % Future Financing. This agreement % " $ to 6 : ' $ N$ the 1 "" $" $ ' $ $ extend % any maturity date on is not a commitment ated % $ "" $" $ to > ' $ provide $ ' Loan $ *% 5 you " $ % $< $ this < or < rel entity $ with < any 7 $ % future financing any amount $ N$ maturity < " $ beyond " extended " $ % $< date R in < the $ $< set forth $ ' in this letter $$ % . ' $ 7 %$ 5. (11/11) B"" 7 %$ ' $ forth ' set N$ ' as $ ' Re servation 7 of Rights. ee ingto s extension ' agr % $ thi , ! is : Bank 0 $' Though 0 ' %5 $ $ $ ' ' 5 to $ it should this herein, specifically reserves remedies available % " ' % $' and rights % ' %5 ' all '* R < % " it 229 ( Rabobank 0 ! Page @ 2/2 # > N* % Loan experience an 5 $ event 7 of 7 $ default 7$ % after $ the % $ granting 7 of $ ' this N$ ' extension. $$ % ' Accordingly, $ ' this letter does $ not '$ $ $ constitute a 5 % waiver 7 of < any % $ right % or % " < remedy $ $ that - % < may in $ the 7 $ % future " become 5 available $ to , ! Bank % or 7 of < any 7 $ default % or 5 $ event 7 of 7 $ default " < %% $E % occurring 7$ % after $ $ the date 7 of $ ' this letter. 6. /N$ ' Fee. 6 : % Extension There ' is a [ $0. 00 7 fee 7 % for $ ' this N$ ' extension $ $ that ' is due * upon N $ execution 7 of $ ' this $$ % letter. F Finally, we would ! like $ to $ ! thank < you 7 % for < % your ' '' business. We will $ continue $ to *% 5 provide < you 6 < $ 5 7 with $ '$ the highest level of '$ " % customer ' %5 service 7 % for < % your 7 $ % future 5 %' endeavors, ' * ' so please ! * keep ' us in " mind when ' % considering < % your 7 $ % future ' '' business ' needs. 4 1 aryNance %< President #% ' $ = Vice - > Loan ? " $ $ Documentation % Manager ; cc: / % Eduardo Valadao 230 8 1 - 0 ! Rabobank, N.A. "" % - " '$% R 4 %5 ' Commercial > Loan Administration Services 0 ! 9) E. / River # ; Place # West 45 0 5 % Park F '$ 4 $ 9 Sulte40 1 (8 Fresno , CA 6% ' - 93720 (9 = (800) BI 942-6222 - '$ 25 August 2016 ), Edward Valadao, % Jr. / % April Valadao -* -5 8635 Jackson Avenue I 8) !' Hanford, CA (8 8 93230 D 7 % - : %" 1 " % 89I (9 Loan 348279-4 -= Term > Number /N$ ' of 7 : %"' Extension Terms 0 ; Re: Gentlemen, & $ " B - '$ 31 {the "Maturity Date' % 7 % l $ above $ of As you aware, $ the %% $ current maturity oan (the ") Is ' August , 2016 ,) -' % % 7 the 5 referenced 8 " $ % $< date B$ "Term < are % the $ Term : are % due other * $ terms - capitalized " $' owing under $ % amounts on $ which date all and payable. + $ % '$ and $ %"' not $ principal, all * < All *% * Interest : $ Term. 5$ the $ Loan > Documents defined " herein ' shall have set forth ? " $' evidencing 5 the R meanings " ' ' 7 %$ in the extension N$ ' of the Maturity % Q '$ an ? $ You, % or a ? ' $ # %' Designated Person Identified . 5 requested the R Loan > Documents, $ % $< Date + $ R in ? " $' have A B " $ Term 7 terms : %" on ' agreed 1- {"Lender") has N$ the % to $ extend the $ following $ "' and conditions This letter confirm that Rabobank , NA : $ '; R%" $ $ 0 ! % will : ' 1. 2. = to N$ from 7% " August - '$ 31, $ September (the 4 *$ " % 30, : %" ' Maturity Date. The shall be : maturity $ of 7 the Term extended 8 E 2016 " $ % $< date 8 2016 B$ ? $ C in the $ term " "Maturity this $ Loan > Documents "New Maturity Date¡ . From date of etter, the $ ' l $$ % ' $ $ ? " $' shall 6% " and after 'K the /++ +0K Date" ? $ mean $ the 1 New $ % $< Maturity Date. " % " ln full force and effect except as : Loan Loan Documents Documents shall remain ' > ? " $' 0 % ln Effect. The U <" Will Remain " F+++ control. $% 3. 8 4. 9 E /77 $ ' + 7 7 % 77 $ N *$ the > Documents, 4 $ arise % ' $ $ ' letter $$ % and $ Loan $ this $ ' letter modified < by $ ' this $$ % letter. Shou d l any between this ? "" then $$ % shall " R ' < conflict 6" - other $ %"' and conditions ' set ' $ + the $ ' as $ % terms Other : " Terms Remain ln Full Force and forth in $ Loan > Documents ? " ' " $ All 2 % Z 6 " Effect. shall remain + ln full force and 7 7 % 77 $ ' % " effect. ""$ $ on $ extend the ' not N$ the $ Term $ a : ls No Commitmentas to % " to $ maturity $ Future Financing. : ' agreement " $ % $< date 6 " This 1( " $ beyond R in $ any 7 $ % financing + any $ New 1 Maturity ? $ commitmentto related entity *% 5 you $ % $< Date $ provide < the "" $" $ $ $< with % any < future < amount < or < % $ "; C set forth letter. ' $ 7 %$ in this $$ % 5. ) ' agreeing $ the $ extension N$ ' of 7 the $ maturity as ' set ' $ forth % to Reservation of " $ % $< date > % > % is 7 Rights. 7 %$ herein, % Lender : lender , " Though +$ ' event N* % an specifically reserves available to should Term the 7 default 5 $ of : %" experience % " ' 5 $ it %$ 7 $ after rights remedies % ' %5 ' all % $' and '* R < $$ % does '$ $ $ a wa % remedy granting of ver i of 5 % $ constitute $ $ may $ ' not % $ or N$ ' Accordingly, $ ' letter 7 any the % " < that 7 this $ ' extension. < right % $ - % < this " < in exists, 5 $ of future become availab e l to Lender > % or % of 7 $ or % event 7 default 7 $ that " now % that $ $ occurs %' after 7$ % the $ date $ of 7 N '$' or 5 $ 7 $ % " 7 any < default this letter. $ ' $$ % 231 8 Page 2 7 of 2 # ' # ' Please $ $ contact < % your % $ ' * relationship " % manage , r Michae l Limas $ with any questio .s n < Q '$ ' F 7 % < % $ 7 '$ " % ' %5 Finay,ll we wou d l ! like $ to $ ! thank you your ' '' business . We will $ continu e $ to *% 5 provide you the '$ highest l 5 evel of customer service 6 < < for < with ' '' needs. ' % " ! * ' for your future end vors, ' so pl* ' ease keep us in mind when con dering si your future business ' < % 7 $ % ; Mary 1 Nance %< > Loan ? " $ $ Documentation % Manager cc: / % Eduardo Valadao ; 232 8 1 - 0 ! N.A. Rabobank, > Administration "" % - " '$% $ 4 @+ ' Commercial Loan Servkes Rabobanl< 0 ! # %! Place # West F '$ 0 5 % Park 9) E. 45 / River 4 9 K Sulte401 (8 - 93720 Fresno, 6% ' CA (9 = (BOO) BI 942-6222 - '$ August26,2016 / % Edward Valadao, Jr. % April Valadao 8635 Jackson Avenue -5 I 8) !' - (8 8 Hanford, 93230 D 7 % CA -*% 7 Credit 89I (9 -= Line > of % $ Loan Number > 1 " % 348279-1 0 ; Re : Extension 7 of : %"' Terms /N$ ' & $ " Gentlemen , > of {the $ current $ of 7 Credit') "7 % loan %% $ " $ % $< 7 the ' August U%R $E is (the As you maturity date -' " aware, $ above 5 referenced - '$ 31, % the B$ 'Line 8 2016 "R < are B$ 'Maturity under 7 Credit of $ % amounts " $' owing % the " Line % due + $ % '$ $ all principal, % $ are Date'), on which and all other . All and date *% * interest payable - * < "< B " in $ %"' not $ R ' have 5 the ' $ forth the $ Loan > Documents ? " $' evidencing 5 the 7 Credit. $ > capitalized terms defined % herein shall meanings set Line of * $ $ " ' % $ + the 5 requested > ? " $' N$ ' of R in extension % Q '$ an You, % or a ? ' $ Designated Person Documents, have . # %' identified Loan 7 the $ Maturity A ? $ $ $ $< Date B % has : ' letter $$ % ' agreed % to $ extend N$ the $ > 7 Credit % $ on the $ following 7 terms This will R%" confirm that N.A. {'Lender'') Line of 0 ! 1 - $ $ Rabobank, $ " ' and $ '; conditions : 1. ' be % $ shall $ of 7 Credit N$ from 7% " August - '$ 31, Maturity ? $ Date. : The maturity $ % 7 the $ Line > of extended 4 *$ " % 30, " $ % $< date $ September to 8 2016 8 2016 ? $ the $ terms $ %"' of 7 the " Loan > Documents, > % may $ make {the ]1 'New Maturitv )." Subject $ to 4 W $ to " ! Line > of ? " $' Lender "% Date 7 Credit % $ B$ " < continue * E from 7% " time $ " to $ time $ " during 7% " the $ of 7 this ' letter % $ 2" from > ' % the $$ % to Loans under Line 7 of Credit the period $ $ date $ the $ New 1 Maturity ? $ $ % $< Date. (8 ( 6% " $ date $ ' $$ % $ term $ %" "Maturity Date· ln + the $ Loan $ 7 From and after of this letter, the ' mean ? " $' shall > Documents 7$ % the $ New " the 1 Maturity $ % $< ] " Date . ? $ 2. " : > ' remain % " in 7 force ? " $' shall full effect Loan R " $; Documents Will Remain + ln / $ Effect. The Loan Documents 7 % and 77 $ except ' N *$ as % ' between 4 any the $ ' letter modified < by $ ' this letter. conflict arise $$ % and $$ % Should $ this $ Loan > Documents, $ this " R ' ? " $' then C ' letter $$ % shall < $ control. $% 3. / $ $ % terms $ %"' and $ ' as conditions ' set the - other $ Loan Other : "; Terms 0 " Remain + ln Full Effect. All ' $ forth > Documents ? " $' 2$ % 7 %$ in 6 Force /( 8 and 7 effect. 77 $ shall % " remain in full force ' 7 % and 4, No "" Commitment G as to : ' agreement % " $ to $ extend N$ the $ maturity $ on the > of 7 Credit 6 $ % Financing. % $ Is $ Line $ Future 6 This " $ % $< date 1 +' not $ a any 7 $ % financing % any % $ entity $ any R in " $ beyond $ New 1 Maturity commitment you or *% 5 < "" $" $ to E provide $ $< with ? $ < related < future $ % $< Date < amount < the set 7 % forth in $ ' this $$ % letter. ' $ 5. $ extension N$ ' of 7 the $ as Reservation of Rights . Though Lender ' is % agreeing to maturity date $ the ' $ forth : > % 7 0 $' $ " $ % $< ' set > % 7 %$ herein, 0 %5 % Lender ' Line > 7 specifically rights and of Credit 5 to $ lt should 7 default % $' remedies N* % an % " ' available % $ experience event 5 $ of % ' %5 ' all 7$ % the 7 $ after $ '* R < reserves $$ % % $ 5 % '$ $ $ $ . Accordingly, this letter does not constitute a waiver of any right or remedy that may in the granting of this extension 7 $ ' ' 7 % N$ ' - % < % $ $ $' % " < $ $ " < + < +$ 233 88 Page 2of 2 # T 7 any 7 default 7 $ that 7 $ or % of % event $ $ now $ 7 $ % exists, 5 to $ > % 5 $ of % that N '$' or the future " become available Lender or 7$ % the 8K occurs %' after $ date $ "< default 7 of $ ' this " % letter. # ' $ $ < % " ' with $ any Limas Q '$ ' Please contact your % $ ' * relationship manager , Michael " % < quesUons. continue $ thank ! < 7 % your F will $ to $ provide highest $ the '$ level *% 5 you Fin ally, we would ! like to you for business. We customer service 5 of '$ " % 6 < ' %5 < % ' '' < with 7 % < % ! * us mind considering 7 $ % business ' in ' % your " when ' '' needs. ' for your 7 $ % future endeavors, so * ' please keep 5 %' ' < % future 4 Mary Nance %< 1 > Loan ? " $ $ Documentation % Manager ; cc: / Eduardo + Valadao 234 89 Rabobank, 1 - N.A. 0 ! "" Commercial > Loan - " '$% $ Administration 4 %5 ' Services 0 ! Rabobank 9) 45 / £ 0 5 % River# %! Park # Place F 'K West 9 4 $ Suite401 6% ' Fresno, - CA (8 93720 (800) (9 = 942-6222 BI 2 $ % October 11, 2016 / % Edward Va adao, l Jr. -*% April Valadao ? Dba > Lone 4$ % ? %< Siar Dairy I 8) 8635 !' Jackson -5 Avenue Hanford, - CA (8 8 93230 D 7 % > Loan 1 " % Number 89I (= 3482791 H - > Line 7 % $ of Credit Re: 0 ; /N$ ' Extension 7 of : %"' Terms Gentlemen, & " 7 of % $C Credit') +' is 4 *$ " % September 8 30, 2016 B (the As < you " are % aware, $ the %% $ " $ % $< current maturity $ date of " the 5 % $ " above referenced loan B$ (the ^> "Line -' ] "" Line 7 of % $ Credit % are due and * < E payable . - All * $ N capitalized $ %"' terms $ not R defined % herein ' shall 5 have $ the " ' meanings ' $ set 7 %$ forth in the > Loan ? " $' Documents 5 evidencing $ the > line of Credit. ;" You, % or a ?'' $ Designated # %' Person + $ R ide!.ltified in $ the > Loan ? " $' Documents , 5 have % Q '$ requested an N$ ' extension of the $ % $< Maturity ? $ Date. A This $$ % letter will R%" confirm $ $ that 0 ! Rabobank, 1 - N.A. B > ^ ("Lender") ' has % agreed $ to N$ extend $ the > Line K of % $ Credit on $ the 7 following $ %"' terms and : ' $ '; conditions: 1. $ Maturity Date. :The maturity $ date 7 of $ > the Line 7 of % $ Credit ' shall be N$ extended "" from 4 * " % September 8 30, 2016 to 1 5 " % November 8 30, " $ % $< 2016 B$ (the 1 "New %R % Documents, Lender " < may $ continue $ to " ! make > Line 7 of > Cred~ > ' Loans % under $ the > Line 7 of % $ Credit 7% " from $ " time $ to $ " time % during $ the * % period 7% " from the $ date 7 of $ ' this $$ % letter to the 1 New $< Maturity $ $ % $ ' $$ % Date. 6% " From and 7$ % after $ the $ date 7 of this letter, $ the $ %" term E % "Maturity 2"C Date· in $ the > Loan ? " $' Documents ' shall " mean " the 1 New ? $ Maturity ? $ Date. ""< 2. Loan ? " "G Documents Will 0 " Remain in /77 $ Effect. : The > ? " $' Loan Documents ' shall % " remain in 7 full 7 " force and 77 $ effect N *$ except ' as > modified < by $ ' this $$ Jetter . 4 Should < any 7 $ conflict ' arise $ between " ' this % letter and " the > ? " $' Loan Documents , $ then $ ' this ? K letter ' shall " R $% control. 3. / Other : %"' Terms 0 " Remain + ln R YK Full Force and / Effect. - All $ % other $ %"' terms and $ ' conditions ' as ' $ set 7 %$ forth in $ the > Loan ? " $' Documents 2$ % shall % " remain + in full and $7 $ effect. 7 " 7 force ' 4. No "" $" Commitment ' as $ to 6 $ % Future 6 Financing. This agreement $ to N$ extend $ the " $ % $< maturity $ date on $ the > Line 7 of % $ Credit +' is $ not a : ' % " $ 1 commitment $ to *% 5 provide < you % or < any % $ related $ $< entity $ with < any 7 $ % future R financing in < any " $ amount beyond · < $ the 1 New $ % $< Maturity ? $ Date "" " " set forth in $ ' this letter. ' $ 7 %$ 5. Reservation 7 of $ Rights. : Though > % Lender is % agreeing $ to $ the N$ ' extens on i of the maturity $ date ' as ' $ set 7 %$ forth % herein, > % Lender 7 " $ % $< "$ ' specifically % ' %5 ' reserve s all % $' rights and % " ' remedies 5 available $ to $ it ' should $ the > Line 7 of % $ Credit N* % experience an 5 $ event of 7 $ default % after '* R < 235 8) Page 2 7 of 2 # $ ' $ ' N$ ' the % $ granting 7 of this extens .on i Accor y,ngl i d this $$ % letter ' does $ not '$ $ $ consUtute a 5 % waiver 7 of any right % or % " < remedy $ $ that " < may in - % < $ < R $ the 7 $ % future " become 5 ava eab il l to > % Lender % or 7 of < any defau lt % or 5 $ event 7 of 7 $ defau t l $ $ that now N '$' exists, % or $ that %' occrus 7$ % after $ the $ date $ $ 7 $ of $ ' this $$ % letter. 7 Please $ $ contact < % your % $ ' * relationsh p i manager, Michae l > " ' Limas $ with < any Q 'R ' questions . # ' " % wou d l ! like $ to $ ! thakn < you % for < % your ' '' busi ess n. We will $ continue $ to *% 5 provide < you YAth $ the '$ highest 5 level 7 of '$ " % customer ' %5 service F Finally, we 6 < for your future 5 %' endeavors , 7 % < % 7 $ % so * ' please ! * keep ' us in " mind when ' % con de sirin g your 7 $ % Mure ' '' ' busi ess n needs. ' < % X 1 Mary Nacne %< % Loan ? " $ $ Documentat on i Manager > cc: ; Eduardo Va adao l / " 236 8 0 ! 1 - Rabobank, N.A. + Y; " Commercia l > Loan - " Administration Services "" % D 4 5 ' 0 ! Rabobank 9) E./ River 0 5 % Park # %! Place # West F '$ 45 Suite4 01 4 $ 9 93720 6% ' CA (8 Fresno, (9 = (800) PI 942-6222 October 11, 2016 % Edward Vaadao l , % Jr. / % -*% April Valadao ? Dba > Lone 4$ % Star ? %< Da ryi -5 8635 !' Jackson Ave neu I 8) (8 8 Hanford, - CA 9323 0 D % : %" Loan 1 " % Number 348279-4 - Term 89I (9 = > ' : %"' Extensi on 7 of Terms Re: 0 ; Gent eme ,l n & $ " ] $ 7 the $ above %" 4 *$ " % 30, % 7 % l As you aware, the current maturity oan (the ' ) is ' September 16 (the rity u 5 referenced $ of $ %% $ 8 20 B$ "Term B "Mat -' % % " $ % $< date < are * E" % due % amou all 8K other " $' % : %" are and - Date'), on which aH principal, tsn owing under the . Al l capita ized l payable $ % $ and date $ 8K $ Term * < *% * interest R Y + the Loan ? " ' $ : %"E 5 the > Docume " ' ' $ 7 %$ in $ meanings terms defied n herein ll 5 have the set forth ts n evidencing Term. ' % sha $ R $ %"' not 5 req extension 7 the Yo u, % or a Designated identified i n the Loan Docum ,sen t eu sted an uty ri Date . % Q '$ N$ ' of have ? $ $ Mat $ % $< # %' R $ > ? " $' ? ' $ Person A $ following 7 terms ' agreed $ extend N$ the $ Term : %" on the $ "' and conditions This etter will confirm A. B> % ("Lender") has : $ '; % to $ $ Rabobank, 0 ! N.1- : ' l % R%" that -C extended 7% " September 4 *$ " % 30, N$ from : %" sh ' + 7 the Term 1 5 " % 30 1. Maturity e ma ut rity date all be 2016 to 16 (the $ of : 8 ? $ Th + $ % Date. $ November 8 , 20 " $ % $< B$ ? $ ^ K thi $ term $ %" "Maturity the $ ' 6% " and after 7$ % the $ date $ of $ Loan > Documents ? " $' shall 'New Maturity Date î-' From s letter, ' in $$ % the ' C < Date ? $ mean New Mat rity u Date. " the $ % $< $ 1 % " 2. Loan in Effect . The ll rema n i in full F Remain 0 /77 $ : Loan ' 7 force 7 % and effect 77 $ except N *$ as > Documents ? " ' sha " ' Will Documents ' $ ' $$ % the $ Loa > $ this $ ' le $$ % ' ? " $' mod fied i by thi s letter . Shou d l any conflict arise letter and n Documents , then tter shall 4 % ' between $" this $$ % " R $ ' < 7 $ < con trol. " + 3. 8 conditions as set forth in the Loan Other :Term s 0 " Remain in Full Force Documents > ? " $' Effect. All other terms and %"' F" 6 " and + 6 / 7 - K %"' $ ' ' ' $ 7 $ 77 $ full effect. shall % " remain in force and ' 7 7 % 8 6 4. No Commitment s i ag er ement to 6 Th : ' $ extend N$ the $ maturity $ on the : %" is ' not $ a % " $ $ Term " $ % $< date " $" as to 9 R 8 Future Financing. 7 $ % commitment to or any related entity with any future financing i n any amount beyond the New Ma turity Date R " $ % 1 ? $ % $ $ provide *% 5 you $ < "" $" " $ % $< $ $< < < < < n $ ' this J $$ % etter. set forth i+ ' 7 %$ : 7 the $ maturity ' $ forth 5. Reservation $ of Rights . Though Lender extension of e as ' set 7 %$ herein, $ N$ ' % to 0 $' > % is ' agreeing $ the $ > % " % < dat $ Lender ) 0 %5" $ Term : %" expe specifically all $ $' rights and remed es i ava able il to d l the ence ri an after the $ shou ' event 5 $ it N* % 5 $ of default 7 % $ % " ' % ' %5 ' '* R < reserves grant ng i of thi s extension . - % < According y, l this ' l $$ % etter does not waiver of y that $ constitute 'R $ a 5 % 7 any % $ or % remed $ $ may $ N$ ' $ ' 7 % " < % $ < right " < in the 7 defau $ $ now 7 $ 7 $ exists % of % that $ $ occur 5 $ of %' N '$' future " become ava labl ie to Lender or t l or t l that , or s after $ > % 7 any % event 7$ % the $ of 7 $ date 5 < defau 7 $ % this letter. B ' + 5 " 237 8 Page2 of 2 # T # ' Q '$ ' Please $ $ contact your relationship " % manager, Michael > " ' Limas $ with any . < questions < % " ' * $ *% 5 F $ the will $ continue to provide you level 7 of '$ " $ customer service $ highest '$ 5 ' %5 < with Fina Uy, we wou d l ! like $ to thank you $ $ for < % your ' '' business . We $ ! < 6+ +< F ' % 7 $ % 5 %' 7 % ' ' * ' ! * ' for < % your future endeavors, so please keep us in " mind when considering your future ' '' business needs . < % 7 $ % Mary 1 Nance %< > Loan ? " $ $ Documentation Manager % cc: / % Eduardo Vaadao l '; 238 8I EXHIBIT 239 , ! % Baker Manock ! &JenseJ}p c /% ' G ..------..... -/ / -+ - ATT OR N EYS > AT LAW /% Eric C. Cole K > Attorney Law - "% < at Septe mb er 8, 2017 4 *$ " % I ccolc@b akerman om c ck. o ! " " " " + & 6E " Fig Garden Financia l Cente r B% " N />/ :021+ +- ELECT VIA RONIC -+> MAIL AND -1 ONTRAC 21:0- 5260 4+ Y Nonh Palm # " Avenue -5 %E " N Fl Fourth oor 6 % /'Q Riley Walter, F % Esq. 0 < F % Walter and F " Wilhelm Law > Group &% * ) / Ri 0 5 % 205 E. ver # %! Park % Circle, 4 $ Suite 41 O 9 (8 Fresno, Californ a i 93720 6% ' 7 % #%5' Californ Fresno, ia ( 93704 7 Tel: ()( 2.5400 E88)9 :^ 559.43 Fax: 559. 432 5620 . ))(9 8 C : N www baker . rnan oc .co km "= " "" ! /= ; E-Mai l: rilcywa ltc@W r G L 2 .co m& " % < %fF Re: 0 ; Edward a dao, Jr. and -*% April Val adao / % Val % B], %% %] > dba Lone 4$ % Star Dair y ("Borrower ) " ? %< Line of % $ Credit , Loan (No. 89I (= 348279-0 I) > 7 > B1 Term (Loa n No. 348279-04) 1 89I (H 9 : %" Loan > B> Dear ter : F $ %; ? % Mr. % Wal B]0 !^ As < you know, nt 0 ! Rabobank , N.A. . ) " The % *% ' $ -' 5 represe 1 - ("Rabobank : above ! we referen ced ' loans will " $ % mature on Septe mb er 8 30, 2017 * %' $ pursuant $ to that in Fifth ent to 6 R Amendm 4 *$ " % %$ $ $ certa -" " $ % BE % Loan n ts dated of Novemb er 17, 2016. > Docume ' $ 1 5 " % ? " $' $ as " As we previ ous yl informe d you, ank i ' s $ not willing *% 5 ' < 0 ! 7 %$ % extend -' 7 %" to $ further N$ the $ < Rabob maturity $ ' dates on those 'E loans. # ' Please be 5 ' advised that bank has no $ obligation to $ ' $ $ Rabo ' $ forbear 0 ! 7 % % " $ % $< from enforcing its % $' rights and remedies with any ? 7 $ Defa ult or 7% " 7 % $' % " ' 7 Default. % '* $ to ? 7 $ /5 $ of $ respect $ < % Event Rabo bank has waived , and is $ not 5 waivi ng < any Events of Defa ult. 1 $ Nothin g contai ne d in /5 $' 7 0 ! ' not $ 5 E ' ? 7 $ this $ ' Letter s " intended $ to or shall be construe d as a wai ver, rel ease, modifica t io n or forbeara nce of ' % '$% > $$ % i ' % ' % ' " R $ 7 % % 5 % 7 any $ $ of the % $' rights, remedies, and powers of Rabob ank '$ against Borrow re % or the Collateral, or % a , %% % * %' $ 0 ! $ $ % % " ' < waiver any De faul ts % or Even ts 7 of Defa ult s, whether specifi ed % herein or $ % ' $ % '* R 5 % of /5 $' ? 7 $' ? 7 $' 7 < % otherwise. Rabo bank % < here by 7 %$ % further $ R ' notifi es you bob ank is ' under no obliga tion to 0 ! $ $ Ra % 0 ! $ $ < that fund any Loan or $ % ' otherw sei extend credit under $ % $ the Credit Ag reement % or under any other n - % " $ % $ % N$ 7 < > % % < $ % Loa > Documents after and, < any loan or $ % other N$ ' extensi on of credit that herea fter may e available % 7 % $ $ $ % 7$ % 5 mad " ? " $' 7$ % " < be 0 !M' to r B (which ' is not currently "* $ contempl ated % or under deliberaon) ti shall be in ank 's % % $ ' Rabob , %% % $ N: < $ Borrowe sole and ' $ absolut e ' % $ discreti on until 7 %$ % furth er notice, any addition la Loan ension of $ % ext N$ ' $ % other > or < $ and $ 7 ' credit by Rabob ank shall be made, if at all, on a case-by-case basis and shall under no ' % % $ < 0 ! ' " 7 $ ' E reme dies of 0 ! Rabo bank and bank N*% '' < % ' %5 ' expressly reserves all % " ' under Rabo remedies % the $ Loan ? " $' Documents. lrC4 ) \ Very $% < yours, %< truly < %' Eric /% C. Cole ,-./0 MANO -12 . # BAKER CK & 3 JENSEN, /14/1 PC ECC:RSC / 04 1 - Avis & 77 %< Gaffery, #@4* VP/Special Assets Rabobank , N.A. 27R % Senior -'' $' Officer 4 % , 0 ! -5 ' cc: ; 204034 vl5 / ^8 8 170128 373. K I @ 9 89)] 9 241 EXHIBIT 242 0>2 E' X % -H RLOC's / % Valadao 8 Edward , Jr. - 2013 > Star 89I (= 4$ % Dairy Lone : 348279-01 ? %<; 89) (= 9 : %" Term : 348279 04- &0// /1: 4/ 0 SECURITY AGREEMENT 0 ("Edward /?F-0? VALADAO ->-?-2 8 +' between B]/ % Valadao. This % "" agreement is as 7 of May 16, 2013 . l+K t is , JR. ) and < Jr." 9>C " EDWARD : ' +' dated $ ' < ' Lone % and > Star 4$ % Dairy ' '' April ! ' B/ % Valadao -*% F 7 APRIL ->-?-2 VALADAO B -* K ("April Valadao , ) " husband and wi fe, doing business as , Jr. ? %< (Edward -#0+> BE4 % Party , C C&% R $ banking ! associat '' $ Valadao individually and collectively , "Grantor , ) " and RABOBANK , N.1 -E A., a national on i ("Secured .) " 0-,2,-1. % 5 < $ 5 < are K the % +$- % " ' of $ %"' and conditions $ Credit Secured Party extended credit the terms Agreement between % R% $ Grantor &% $ % under % $ to ' N$ 4 % # %$< has ] % $ Agreement") - % " $^ E 7 this + this $" used $ ' agreement % " $ (the / cap * $ ' in $ ' Grantor and 4 % Secured Party . Each talized i term 7 the $ of $ as ' of date &% $ B$ "Credit # %$< dated have " specified % " $ will + ' agreement meaning '* R in $ Credit R $ defined % $ 5 the + the agreement that is defined in " the Credit and not in this - % " $ ' R % $ Agreement " " $ $ $ Drafting % $ the ?% 7R 5 $ ' + $ %*% $ be ce with Conventions . Agreement. : ' This % " " agreement will in accordan interpreted - % " $ % ' ' $ % 7 Grantor &% % agrees F '; To Secured # < Party to extend credit as follows: % $ to $ Grantor, consideration ' thereof, &% $ % and in : induce 4 % $ N$ 2>>-:/0-> ARTICLE :D/ COLLATERAL -0:+ >/ 1- = THE $ % '$ in 4 % % $' security and all of > on 7$ ' % $< interest 1.01 Grant. Grantor % < hereby '' ' assigns and grants $ to Se cured Party a Lien the # %$< a &% $ &% % % in the N '$ or $ 5 now % % &% $ % and whether existing $ future $ % coming " into following *% * %$< property , whether er Q acquired by owned or % hereaft $ % now 7 " < Grantor $ % ] ; existence B $ 5 < (collectively , $ the "Collateral : ) " N '$ (a) B ' of 7 farm ""K rights % 5 from 7% " the % $' $' receivable $ sale 7 %" *% $' " ', all products) , contract , documents accounts $' (including B" accounts instruments 'U% " '; documents of $ $ title, payment , + 5 '$" $ investment property , $$ chattel * * paper, and ; " $' *% * %$< + $ 'E * <" intangibles (b) B 5 $ %5E all inventory ; (e) Q $*" E B all equ pment i ; % to grown 5 '$ ! born % " or (d) all farm products , including grown, growing , livestock ' ** ' used % or % + crops % *' % be % " % unborn ' or ", supplies $ %" *% $' B 5 '$ ! i+ B % unmanufactured " % '$ $ G % *' and produced in &% %E' Grantor s ' farming operation , and products of n their state; livestock K crops * % $ *% "' *" % $ % programs % federal % agricultural *% % "' (includ % any (e) all % $' rights to , in cluding any ng i FSA 64- B % $' under $ payment '$ or * <" $ < rights < state B 5 payments , % $' $ righst to * <" K payment in kind crops % or $ % other farm , revolv ngi fund , dividends ; 6 credits % $ 'G retainages 5 ' and % $' 7 %" products *% $' P % % *' ! for * <" $' regarding "" % common % % any 7 the $ Collateral liens $ any $ % ' to (D all rights with respect to law lien , including '$ $ %< or % '* $ $ C % $' < statutory < of B7 Agr 6 and - 5 % $ establish §55701 $% '$ under % 7 '$ R' a trust seq secure $ the * % ' purchase price California Food culture i Code ., to e)) et % " ' QE *% of $ livestock 5 '$ ! under ' % $ % farm ' % the $ purchase * % ' price *% of 7 crops "*' and other P %" products *% $' under % U.S.C. §181 . or 7 U.S.C. §499A seq., and $ secure to '$ seq ' Q %' Q 4 % )9((- et e , et effect % hereafter % $' are such % California 6 Food and Agri uclture Code §55631 K et seq. , ' as all now in , promulgated ' rights $ or % 7$ % enacted $ *% " $ or ' Q $ e)) 8 - % $ % 7 % ' amende; d " G (g) B( % other 5 % " " $ % gov all proceeds of any crop , price renment program ; *% % "; 7 < % * insurance * <" $ or ' ** %$ payment ' % *% ' " support (h} B $ Collat $ ' % $; $ % accession , s attac hnts m e and othe r addition s $ to the ; era l $$ " ' '' ' (i) pro profits *% U' % $' and subst tuteis or acements for Collat ral e, all ceeds , products , rents , all Z any *% R$' of % repl % *4 " $' 7 % any *% ' $ % ' '$ ' < $ % < Collateral B % $' und % rights $ % % 5 % $ '" $ action $5 $' relating rights % under %% $ ' waranti se and ' % insurance contract s cover ngi the Col ate l al,r and re any ses of to any < cau % $' < and all of the $ % G Collateral ; and $ U) E 5 ', manuals " ' % $ ' % records book , s corr enopsdence , tedi filR ' es, records , invoices , service , other % 5 ' and % % ' programs $ % papers * * %' %% '* cr !' *% % "' and " $'E documents , "* % computer record , s runs, ' 7$ % software, systems , procedures , '!' disk,s tapes $ * ' and other $ % storage *% % ' '$ % media % $ to " relating $ any K '<'$ "' % % ' % ' < of " $% 7 any $ outside the Collateral , including any of the foregoing in the session or control of , consu tant,l or ' %5 ' $ $ 7 % * '' '' 5 % $ % < $ $ pos $' vendor < service C/ ! (collective y, l "Boo ks and 0 % Records") . C E B 5 < EX HITBI T /LD+,+: : 243 98 -------------- $ ' - security $ % '$ > on $ ' of 7 &% $ % the the $ Lien ' " The 1.02 Reinstatement. Grantor % under this Article 1 and t s in, : obligations and , ' % $< intere 7 % any behalf &% $ % in $ extent N$ $ that $ $ for % ' any % on $ of 7 Grantor to the Collateral shall be automatically reinstated if and ' $ % $ the * <" $ by $ " $ < % '$ $ < reason < payment < or K any % '$ % by % of 7 the 2 $ ' $ % ' be +' % ' " '$ otherwise $ Secured 2 $ ' is respect 7 of the rescinded % or must gations i , Secured restored 4 % Obl 4 % Obligations % '* $ < holder < of < any bankruptcy indemnify &% $ % agrees % ' that % ' $ $ it will " $< % % % $ $ *% ' in % ' $ $ % ' whether as a result of < any proceedings reorganization or otherwise . Grantor !% *$ < or ' of %% by % ' fees ' incurred 7 counsel) Secured Party costs and expenses B (including reasonable 4 % Party 4 % " for '$' N* ' ' B % all demand # %$< in # %$< on < Secured defending against expenses '$ any %% in ' ' and N* ' ' incurred % '$ % $ connection with any such or restoration , including any such costs % ' '' $ $ < ' rescission $ < ' < N any $% ' $ or % similar ' " % payment D " claim alleging $ $ that su ch * <" $ payment constituted a *% % preference , fraudul nte transfer , " * <" $ under !% *$ < '$ $ $ ' < bankruptcy ' " % % simi insolvency arl law . ' 5 < or 7 $ this $ ' Artide $ ' apply *% 5 in : obl $ ' - 1 are % cont $ ' and shall Continuing . The igations provided nuing i obligations $ Obligation 2 " " * < 8 1.03 5 % arising % ' $ to all 4 % Secured Obligations (as R defined % herein) whenever . 2 $ ' B ' 9 1.04 Perfection . # %7 $ (a) B $ " give $ % or % obtain hereby 5 % 7 % % authorize 7% " ]" N $ $ Grantor shall promptly time to , deliver, file, record, , and ; time 5 , execute % < &% % ' *% "*$ < from continuation $ $ statements '$ $ " $' and R statements $ % notices other $ ' authorizes 4 % Secured # < Party $ to file, such , in+ '$% " $' struments , '$ $ " $' and ' financing $ % ' % or % as ' Secured ' be %" 4 % Party ' are % shall necessary documents or ' $' consents i+ n such ne i to ' offices % " $' % 7R ' as $ be '' %< or " $', agreements # < may " < determ of 7 the % $ by + any % " $ in all $ "% $ ' agreement appropriate $ to % $ create, * perfect and establish the Liens granted Collateral , to priority 7 the $ > ' $ '$ ' *% % $< of *% * $ < and < this any 7 the $ Collateral $ ' agreement $ + 7 + or preserve the dity * %7 $ perfection % or *% % $< priority 7 of the Li> ' ens granted all of % " $ in K to $ enable % $ by $ vali *% ' %5 5 $< < and < this $ ' agreement " . Secured ' hereby 4 % Party *% 5 ' % $' Secured Party erc sei its % $' rights, % " ' remedies , * %' powers and privileges under this 4 % % < N % ' # $$< is $ ex # < to $ $ property '$ $ " $' intellectual R % " E' and authorized , but shall have 5 no $ obligation , to $ file R financ ng i or % $ $ continuation statements, $ ' ' % $< agreements $ % *% * < security $ %" are R offices 4 5 Party 7R ' as ' Secured % necessary with '' %< $ any amendments to any of the foregoing , in any jurisdiction and # %$< may " < determine 7 % " " $' < filing < W % ' < K $ % E R stat $ Secured 4 % # %$< 4 financing ' " $' % $ to $ security or 5" advisable $ to * %7 $ perfect or otherwise *% $ $ protect the interest granted Party herein . Such ements may ' % $< $ % '$ % % $ % ' " < indication $ % that $ an " % % or $ % ' " manner ' ' % % may ' % *$ of 7 collateral $ $ " % as describe Collateral in described herein or description the $ same " < contain ' % the ' Secured $ %" is ' necessary % 5 ' ' % describing " % as 4 % Party describes property + in any other manner advisable, including ' *% * %$< '' %< or # %$< may ' % ' such " < determine < $ % ] personal Q % ] % words K similar owned or % hereafter % % acquired % ' of ' " % effect 77 $O ' such property ' as "all ' or . Grantor &% $ % shall % now * %' property, ' *% * %$< *% * %$< whether $ % and describing such furnish to Secured from time to $ " time statements identifying and ' $ %$ % 7< ' % the $ Collateral ' ' further " $ schedules '$ $ " $' and 7 " ' 4 % Party # %$< "" in reasonable $ % ' deta % Q '$ $ ' < request 4 % Party $ $ Collateral other reports in connection with as Secured , all l. i $ % ' $ % % * %$' $ the " < reasonably # < may $ % or $ % permit * %" $ to be filed R or % to any W % ' $ 7 % $ be R (b) Grantor ' shall not or ' 5 suffer to be filed , % or authorize on fi7 e,l in sdiction , &" % $ file < juri B ' not Secured $ any 7 $ $ % in which $ named " as ' the + '$% " $ with % '* $ to $ sole ' 4 Party any R financing ' " statement % or ! like instrument the Collateral respect # %$< is < of < secured ' % party * <. = 4/ 0/? 2,>+&-:+214 ARTICLE SECURED OBLIGATIONS -0:+ >/ 2- $ prompt complete "* $ payment This agreement +' is $ to secure , and $ Collateral $ % is ' security 7 % the *% "*$ and performance * %7 %" in the + : ' % " $ ' % $< for, ' % * <" $ and 6 % $ % $ acceleration " or )K stated '$ $ maturity, % Q % *% * <" $ % otherwise % ' (including $ , $ % whether at by required prepayment. declaration, , demand full when due B the " $ $ $< < E $ automatic $ " stay 7 the % Section 4 $ 36 payment of that would become due but for operation of 2(a) of K the $ Bankruptcy $ 7 amounts " K the $ * % $ , !% *$ < " $' $ $ '$ < under * <" $ 8 B C4 % Obligations') 7 the 2 '^ in + " (collectively $ 'Secured Code, 11 U.S.C. §362(a) ìhereoñ) of , the following *% 5 ' " " ' '' % provision B $ 5 < + any 4 < B any < successor e8 B (and ' ; order K of *% % $< priority that Secured Party : % % $ 4 5 # %$< may " < choose + (i) all Obl gations i as , including as of ' defined 1 dated $ ' the 4$ % Dairy R in $ Credit $ Lone - % " " % K Agreement + the > Star date 2 $ ' $ ? %< Note B+ the (a) B " 7 $3 : %" Note *% * " $ of $ Term 1 $ dated pali amount 500 00 ,000 ,. and of + ' this % " $ agreement, from Grantorto Secured Party in $ 4 % # %$< (ii) + the original 88) K princ 7% " &% $ %$ K B+ the % princ the *% * $ original " $ of 7 $422,000.00 as of the $ date of this % " $ agreement. from Grantorto pali amount B% % &% $ % 4$ % )9 (the ' $ $ ' Secured 4 $ Party > Star # %$< in B$ Lone $ Dairy 1 $ Note and Note are , the ;' ) % collectively the : %" 1 $ % herein "Note $ Term $ 5 < " C G ? %< (b) B $ $ % > Document % " $ ? " $' all obligations of Grantor under and the other Loan ; s ' $ ' agreement K &% $ % % this (e) + order % % to *% ' %5 the + preserve any and all amounts de by Secured Party ; $ % Collateral " $' advanc 5 # %$< in < 4 " < B exi (d) all $ ' obligations of Grantorto Secured # %$< Party, whether sting or or created, % now N '$ 7 &% % $ 4 % % hereafter % 7$ % incurred %% % $ % " whether B voluntary involuntary , $ % whether $ %< % = $ % E4= RLOC's · 20 31 / K % Secuty ri Agr eem t ne - % " " 4 ^ X 2 99 244 .------ ------------------- (e) B #% G Proceeding ; and 8 petit $ of a * % ' ' ' 5 < any of the % foregoing that arises < after the filing oni by or "' against &% % Grantor % under an Invency sol K $ < < % + 7 % the $ % % $ 5 $ $ % an (0 in the event 7 of any proceeding for collection % or enforcement of any of the 7 % foregoing $ ' obligations , after < 7 $ < *% 7 ? 7 $ 7 % $ ! N* ' ' of *% * % for B % sal K , preparing /5 $ ' + Event of Defau t l ' shall 5 have %% occurred and be $ cont inungi and 5 unwaived, $ the expenses retaking, holding e or % 7 4 % Party ' K N % ' < '* ' $' % $' lease, selling or $ % ' otherw se i disposing 7 of % or % real zing i on $ the $ % Coateral ll , or of < any exercise by $ the Secured of its rights under ' % # %$< 7 7 ' %$ '$' $ $ % the > Loan ? " $' Documen s,t toget erh $ with < any necessa ry "'<' attorne s'y fees and court costs. '' %< 8 -0:+ >/ ART CLE I 3 -= &0-1:20 GRANTOR 0/#0/4/1:-:+214 REPRESENTAT ONS I 8 3.01 %% $' 4 % # < $ $ &% " % Representations . Granter % *% ' $' represents and warrants to Party that : 0 " "' $ Secured K organ " W % ' $ % " and $ (a) the 7 full and correct %5 legal " name, $<* type K of % $ organ zation i , juri sd ction i of zation i, mailing % '' address and B 7 %$ N$ ' * B ' agreement 7 $ &% $ %E' $ this % " $; place 7 of ' '' busi ess n of &% $ % Grater n as 7 $ of the $ % K % date hereof are correc tly ' $ set forth next to Grator's n si' $ % gnature to ; %% $ < (b) B+ &$ % ' " $% " $ % " &% $ % ' N *$ Grantor's Granter has $ not B (i) ' used < any trade name, '' " assumed " name $ or other name except name '$ $ stated in the + Sec $ UCC) $' % B+++ 4 $ ' % " $ ]+' (8 first * 5 5 * paragraph K of this agreement B (ii) changed its "l] $ ocation" B ' (as R defined in ion t 9307 K of the (iii) changed its W ' +$' jurisdiction or 7 + %* % $ % 7 %" $ G of incorporation or format on; i (e) B % '' W $ address ; ' $ % &% $ % $ ' Gra tner, each % ' ' resides $ at the adaj cent to his ; or her signature below; (d) B % $ Agreement $ %"' - % " $ ' not N *$ except for % > ' Liens N*% '' < express ly * %" $$ permitted % under the terms 7 of " the Credit , &% $ 5 Grator n has anted any % $ $ gr < (e) B( * 5 '$ $ ' $ % $ '$ Grant &% % there are no "' clai ms, $ ' actions, *% ' proceedings % or investiga ons ti pend ng i or threat ned e against r e or affecting $ % % " % 77 $ $ 4 % % ' $ % $ Co N *$ to secu ity r interest in an y 7 of the atera ll l except Secured # %$ 'G -** 5 $ ' the Coateral ll with % '* $ respect to any viol on atsi of App icable l Laws; $ $ < (D B7 " %! $ &% " % $ ' $ $ % Granter ' is the sole % % record and 7 beneficia l % owner 7 of and ' has good and marketable ti$ $ tel to Collate alr i+ n $ the $ - which $ it * %* %$' purports $ to % $ grant a ' % $< security $ % '! interest * %' $ pursuant to Artic e l G 1; and (g) B( 7 % the $ 5 ' ' E$< 4 % Ob $ Secured 4 % 2 $ ' Secured # %$< Party ' has and will $ cont núe i to have as security for igat ons l i, a 5 valid and enforceabl e 7 % the 7 the 4$ $ " $ >$ " 7R Cal 7 " Lien on and ' % $< security $ % '$ interest in and, * upon *$ * % proper R filing 7 of any UCC-1 6 " Financ ng i Statement in office of forn ai i Secretary < H 4 % %< % 4 $ K > $% of State, N $ execution K of < any contro l % " $ agreement % or del very i of Colla era tl to 4 " Secured # %$< ' Party s ' * '' '' possess on, i perfect ed Li en on and R5 %< * "' $ % ' 5 % N *$ $ Co $ % $% secur ty i $ % '$ interest in all the ateral, ll free 7 of all ot her > ' Lie,sn clai ms and % $' rights of $ % third * " ' parties whatsoever except for > ' 7 Liens ' $< >' ' $ ' agreement % " B]# " - % " $ % %"' $ % N*% '' < of the Cred t i Agreement or this ("Permitted Lie .)s"n expressly * " " permitted % under $ the terms &% $E' ' " '' - % $ 8 + " % * %$ 3.02 Informat on i Accurate and " $ Comp ete.l Grantor's submission of any , record , %$ R $ % certificat e or $ % other % % < report K &% $ % $ % $ % $' "7 %" the 7% " ti$ " infom r ation * " pertaining to the $ condition % or * ' operations , R $ financial % or otherw se, i of Grante r $ or < any of Colla eral t, me to e, from $ " $ tim " "* $ ' % " $ $ % $ rep whet er h % K or not % Q % required % under this agreement , will be " deem de accompan ed i by a % *% ' $ $ representa iont by &% % Granter t$ $ hat the ort, % * %$ < < " "% % '* "' ' comp "* $ % % Granter &% $ % (and * % ' record % or + 7 %" $ information is etel and % $ accurate + in all material respects ' as $ to $ the $ % condition or operat onsi of , i 7 f B E ** &% $ % ' ' % %' " " %' * %' -7R $ ' " " " $ $ app icable, l Grantor's 4 ' % ' Subsi es, ridi a Affi iates l , partners , shareho de , rs l membe s,r % or $ % other *% * ' prncipa s) i,l including , without limi on at t,i 7 $ " $ % ' $ $ mak " ! $ $ all mat al ier conting nte $ ' lialities bi , an d does not " $ om t i $ to '$ state any materia l fac t nece sary s to e " the + 7 %" $ informati no cont ained ther ein % " '' %< < " $ % K $ not " ' mieading sl . 2 /1-1:4 -0:+ >/ ART CLE I 4 = - &0-1:20 GRANTOR COVENANTS 9 4 % Secured 5 $ 4 % 2 $ ' % $ Unilt ' such $ " time ' as all Ob igations l have been * paid + in 7 full " in ' cash and Secured Party has no ob ga liotni to make # %$< ' $ " ! > '; $ add onal ti i Loans: (a) B 7 " ! '' " &% " % ' + e an N*% '' exprse assignment of mikl !' checks to be $ fied l with $ the % '* $ 5 respective creamery . Granter ' shall caus % "'%< $ $ the &% $ % $ % ; " ' $ be " $ (b) Grantor ' shall B (i) *5 * < properly *% ' %5 " $ preserve , maintain and 5 care for Collateral; mantain i (or se to mainta ned)i B % cau B % $ * < ' 7 % all policies of insuranc e requ redi for the Collatera l 5 under the Cr edit - % " K Agree ntem and pay B B (or cau es payment of) all prem ums i for *"" "' * <" " 7 " $ $ $ $ Co % G that ' % insurance on % or *% " prori $ to the date when due ; B (ii) ' use, * % $ operate and mainta n i the llateral in "* comp iancel wi th all Applicab e l -** > ' "* $ $ Q % " $' ' % Laws an d " in comp iance l with all ** appl cab ei l insura cen requ rements i an d % $ '; regu ons; ati l (iii) promptly n due all and taxes $ N ' *% "* < pay * < whe % ' fee $% '* ' % + ' $ % arising K or % % ' % ' % ' $ $ transportation , storage, warehous ng i and other such charges and s affecting or out of relati gn to $ the $ % Collateral and 7 $ + % '$' K Granter &% $ % or $ $ % '$ < % Sec 4 % Col ateral l against any "' cla msi and " ' demands 5 %' adverse $ to the intere st s of ured Party ; B 5 (iv) protec , t and defend the *% $ $ # %$2 E, RLOC's - 8 2013 4 ""< Secu rity - % "' $ Ager eme nt = 3 245 9) acc (v) $ ! * comp $ $ , !' $ < dil gently i collect all $'G accounts ; and e,t l curr ne, t and atreu Books and Records th res pect t$ o the atlleral and 0 % ' wi "* $ " % '* % Co $ B5 keep any or $ '; collections ; *% ' % < proceeds + wr *% " to 4 % % $ &% " &% $ %M' name + any (i) Grantor ' shall not fyi Se cured Party ng ti i prior change in l employer $ 7< # %$< in 7 % " , federa < "* < % B Grantor's (e) B % (ii) &% $ %E' place % $ + $ 7 $ " % &% %E' chief % +<* (A) idenitfication number , '$% % struc ure t, or type 7 of or ganizat on i or on(s) of ss e or B locati K busin * of $ "' % Grantor's ' '' 7 B the B- Grantor's $ busin $ one * N $ 5 7R &% $ % ' ' '' 7 organi ' $ of executive office 7 if Grantor has " % more than place of ess, (B) Grantor's state on, at iz or (C) % $ % &% $ 7' Books , !' and BI &5 5M' B Grantor's $ E 0 % ' " Reco ds r concerning any Coll ateral; < ' & % % $ 4 % 7 any adversely 5 $ Grantor sha ll *% "* < promptly notify ured Pa rty in+ writin g of nt which ects the $ 7< Sec # %$< 5 %' < aff $ value 5 of < eve 77 $' B 7 the (d) B $ 7 % Se 4 % $ dispos % the % $ % > '* ' $ ri% $' remedies Collatera , l the $< abi ityl of &% % Grantor or cured # < Party to e of 7 the Collat real , or ghts and 7 Secured % " ' of 4 % Party + # %$< in $ $ $ $ $ l 5< any *% '' '$ $ % $ the $ % 7 any the $ adopt relat oni thereto, includ ng, i but not li " $ mited to, evy of al proce ss agai tsn any llate l ar and oni of *$ < leg < Co < % otherwise $ $ % E 5" % 5 "" $ " %! $ %% " $ % marketing % % order, arrangement or *% % procedur e aff eing ct the , ate lll ar wheth re governmenta l or ; $ Co $ % ' G % " &% $ % ' % > ' $ % the # %" $$ " not $ gr % su (e) excep t for tted m ri Lie s,n Grantor will ant or ffer to t an y security tees rt i n, or n on y exis 'K N *$ $ Pe + $ % '$ % Lie > ' % $< in < , an < B keep Li 7 all $ % $ 7% ! * the 4 % $ % 7 " > ' claim of the Co llatera l except $ to Se cured # %$< Party, an d will atlleral free of ens, s, ' < security inte ests r and $ Co "' N *$ $ % '$' $ security $ % '$ 7 7 such 4 % ' # " % ' % $ % ' encumbranc s e of an y ! kind or naut re exce tp the erets of Sec ured Pa rty and Permitted Li ens ; provided , however N *$ ' % $< int *% 5 # %$< 5 $ < 5 % Se > on $ % '$ $ $ 5 4 % Lien that no # %"E" Permitted > ' Liens may ve priority cured # < ' Party s' int erest in, and the Collatera ; l $ 7 ; , $ *% % $< over " < ha ; tran taxes all ' *% "*$ < $ N ' and $% '* %$ $ % ' and (D Grantor shall promptly * < pay when due all ps ortation , storage , warehousing '$ % other $ % such &% $ % ' B7 $ % 2+ % ' $ Co % $ $ % and $ of K % all 8C cos '$' pres charges and fees affecting or arising out or relat ngi to the aetllral and st neces sary to reve, defend, enforce *% ' %5 % ' '' %< 7 ' 77 $ # %$< ' $ % '$ ' '$' to $ perfe sha $ Collat collect the Collateral , and any ct Secured Party s ' sec uri yt interest and l l defend eral again ts any $ the * 4 " '$ ' % $< $ % > < costs < % Secur 4 % 7 &% $ % clai ms and " ' demands adv rees to interests of Grantor or de Party ; *% 5 provid , de however t l $ the % '!' 5 Grantor's 5 %, without 5 %' waiving 7 &% $ 7' defau # on " real % < Lien < own $ remov % fiRN$ % $ % '$ + su % " 5 4 % ' 7 the # %' *% * %$< proprety or xtur,e or % $ % other Per son 5" having an intest er in ch prop rety t$ o the l a by urde Party $ % from % $ Collateral # %$< of < Sec *"* < i+ ' be % RN$ % $ " an ' $ ' '$ % $$ *$ 4 % shall real *% * %$< property or fixture. 4 Such wri tten con sent shall n form d sub stance acceptab le to ured Party de i such $ ' prov ' $ Sec *% 5 # < and that 4 % Secured # %$< Party ' has no $< liabi ityl to such owne , r holder ien, or any her # %' ; Peros;n $ % 5 of any % $ $ $ ' < ot < l Reco * %$ , !' and '$ $ $ 0 $ ' " $ ' % con &% $ % * %$ $ Collate Grantor sha ll ma nta ni i all Books rd s pe rtaining to or tsitu ing t a port oni of K the rl a loca ted $ % (I) B+ $ 7 $ ch $ location ' Books at a $ loon cati reasonab y l sa tisfatory c to Secu ed r Pa rty and wi ll not ange the of such d Records ohut the 4 % , !' an $ ' $ '7 $ %< $ 0 % ' wit $ $ % ' < # < ' $ un "$ ' < $ prior % written ' $ consnet 7 of Se cured Party , which cones nt sha ll $ not be erasbaonly wit d;hlhe an d 4 % ' % % # %$< %% $ % t$ %" ' Grant ro sh all $ not " file an y am endme , snt correc iont st'$ $ " $' atemenst or erminat on i statem nts e con ng ceri n the &% $ % " " $' '$ " "' % $ < (m) B" $ % Collat al.re /"" 0>2 4 2+4 Edward Va adao l . Jr. - RLOC's - 2013 " E Security t - % " $ 4 "< Agreemen 4 246 9 . -- ----------------- - #-0:AE4 -0:+ >/ -1? ? A+/4 ART CLE I 5) ·= 4/ 0/? SECR U ED PARTY S ' RI0+&D:4 GHTS AND DUES TI ) 5.01 # "E' Right $' option $ its 4 % # < 4 " Party's 0 $' $ any % K Grantor % not Secured . s Secured Party ma y at me, whet erh or :t aul " at &% " % is + in def 7 $; " < < ti " % extracts % Q % 5 % &% $ % $ delive $ Secur 4 % 7 or N$% $' from % the $ Books Records, * ' , !' and % % ' (a) requ rei Gr ant otor r to de Party esi of i) records # < (i) 0 % ' (iB B8 B cop % ' ' '$ $ ' $ 7 the Collatera where % it $ is ' l $ and schedu es l which ' show $ the sta us t and cond tion i of l and ocated, and 7 %" on (iii) any $% $' B information < contracts % G K 77 $ " R %' or 5 other ma ttser affec ng ti the Coatlleral; % Q % +$' agents &% % its and consultant ' $ $'=$ (b) require Grant rot o $ * %"K permit 4 % Secur de Party s to i '* nspect the , l ra the $ # < and % B Collate B % ' $ whic borne % by '$' ' &% $ % 5 ' be shall du rea sonable cos ts and N* ' ' expenses of h sha l l be ort and e an d pay eabl upon ; * demand " G * < < Gran (e) B 7 % ' to '$ of K the % Q % $ 4 % $ < %' require &% $ % Grantoort $ furnish Secured Party a list buyers, processo , s r commission , "" '' merchants *% '' %' # < " % $' ' ' ' agent $' % % $ " 5" prod % ot *% $ coope ves, at ir or selling s to through wh om &% % Grantor sell s any ctu or her Collateral ; an d i n the * % $ 5 ' $ or $ % $ % G $ event 5 $ that $ $ < farm $ % % en & " % $ % $ % K $ R $ l7% $ * %' &% $ % ' ' 7 %" + the Grantor % % thereafter sells farm *% ' % products or $ % other Co at lleral to or thro guh a pe rson or itty not ident fiedi in ist, Granto r sh all ' $ $< *% " to notify 4 % Secu ed r Party of $ the ' sale K not l '' ess tha n seven e; $ ' 5 (7) the $ 7< ' G $ sal <' prior # %$< B days (d) B 4 % Party % Q % requir e &% % Grnaortto $ del iver to Secured l pape ;r $$ '$% " ' or 5 % % chatte * * %; # %$< any < instruments (e) B K the &% $ % $ $ 7< % Q % not fyi % or requir e Grantorto notify any ount debtors , any s of atera ll, l or any $ Co $ $ %' % $ % persons * %' ' of 7 $ % < %' "< < acc < buyer < other Securde # %$< ' Party s ' " 'K interets in the llatreal; $ % ; 4 % Co % &% $ % $ $ 7< $ B % payments $ % % Q"% *% ' (D notfyi or requ re i Gran tor to not fyi < any $ account deb or t to forward all and pro cedes of ateral 7 the $ Coll * <" $' % $< B+ to Secured # %$<; Party; and $ 4 " ch % ' " on (g) endorse % or ' sign &% ' Grantor's name ecks, dr afts, coll ections , receipts d other and to %' !' % *$' an $ " all $ % documents, $ take " $' ! B $ '' to 7 $ Grantor &% % an % " 5 therefrom possess on i of and ope n $ the " mail addressed d remove y payments atll.eral $ % % " an * proceeds 5 the * '' '' *% ' of $ % $ Co * <" $' and < ) 5.02 $' 1 : * %' $ Secu 4 % % % No > Liability on Collatera : l I " ndemnity. Th e rig hts and powres of ed r Party nde ur are conferred # %$< here % 7 %% $ % E ' " $ *% $ $ $ + $ % ' C 4 % solely to protect ' its $ % ' interest + in the Coatlleral and shall K not i "* ' mpose upon ed Part y any ty upo n it $ to ercise any N 5 ' ' < * Secur * $ ex # %$< $< < du < such &% $ %M' ' % $' 4 " '' " an Granto K duti $ ' rigths % or * %' powe .s r Se cured Party s not i n any y of sr' li $ ' abilities, obl igaons ti or es under , or % wi th $ ' $ % # < doe < way < assume < ' % " $ Collatera $ $ % $ & " % % '* $ $ ' " $ $ the respec t $ to the $ % Coate ll ral . Gr antor shall remain liable wi th respec t to l to the same exte tn as % '* $ N$ $ ' if this $ ' agreement % " $ had $ &% % %' ' indemn *% $ $ $ 4 " Party Gra nrot agre es to fy, i prote ct an d hol d Secured mesl s from and aga nsti any not been N $ executed. "" '$ " 7< %" '' # $$< har all < and " " '$' and expenses '' 'G N* ' ' (iB " <' "' " ' " ' losses liabi esiti, l cla msi, demand ,s damage,s actions , *% ' proceed ngs ,i ·, costs nudi cl gn attorneys ' fees $ ' 7 ' and court %$ ' + $ % on acc $ 7 the $ Collateral $ % costs) arising in " conne on ci t wi th or ou tn of < any of . '$' 7 7 Co 7 % the ) 8 ' custody $ safe /N * 5.03 Care llatera l. Except for l in , Secured Party its + $ % $ % E % of '$ < of K any $' possession ' have * '' '' " 4 % 5 < Collatera # %$< shall ' to % ' " $ !" '$ *' to '$ any $ < $ *% ' %5 no < duyt as any Collat ral e or as $ to $ the tak ing 7 of any preserve $ $' rights against her party . Secur ed Party $ % 4 % ' $ be < steps < ot * %$< # %$< shall $ 5 N % ' any pres *% ' %5 $ " $ custody $ % $' possession deemed to have exe cr ised % ' % reasonabl e care i+ n the revatio n of atera ll l i+ n its ate ll alr * '' '' if K such ' Co $ % '! < and < Co ' $% $" $ is % accoded r treatm nte ' '$ $ < sub yalltant s i equa l to h Sec rued Party , or 4 % Q that $ $ whic % ' its $' own property % is ' accorded $% $" $ % treatment # %$< accords *% * %$< complying with < any *% 5 ' provi on i s of any her docume t n sett ign fort h a stan rdad of e for ch Co atera ll l. 7 % ' $$ A ' % $ % $ % " $ K car ' 7 % su "* < $ < ot 26 ?/6- >: ART CLE I 6 = · / /1:4 EVENTS OF DEFA LT U AND ES I -1? REMED -0:+ >/ 0/ /?+/4 X 6.01 /5 an ' be event K 7 $ Events of Defau t. l Th e following eac h shall defau t l under m e ent (an vent of /5 $' 5 $ of : $ ' agre % this % " $ 7 ( ""] B "E (a) B K ? 7 $ /5 $ %" % $ an Eve nt of Detfalu und er the Cre dit Agre nm ;et and - " " G ? C Default :) " (b) B agreem ent. % " $ &% $ % % ' $ %" % *% ' $ " 5 $ Gran ort breaches any , provision , warranty , rep esentat ron, i covenant or er this *% 5 ' % agreement %% $< % " $ und % $ ' < term 6. 02 /5 $ 0 " ' 7 an Remedies . Up on " the $ occurrnc ee of Event of Default, Se cured Pa rty may : ? $ $ 4 % * # < " < (a) B remed * %' % " ' % all ' ' $ forth P in $ ' % " $ % $ % $ Agr pursue < any or es i as set this agre nemt or the Credit eement , at n equ ty;i K law % i - % " , or Q $ G < % 0>.LT - ; Edwar d Va adao l , Jr. - RL OC s' - 20 31 + E / ; = - " " Sec tyriu Agr ent em 4 ""< 5 l 247 9 4 % # %$< 7 any % Gra 7 % $ 1 'K $ * ' &% % " $ (c) enforce the ' % $< secur ty i inte est r of Secured Party in t i acco ntu of tor n maintained with any < depos 4 " B < Secured 2 R $ 'E 4 % $ $ ** < ' Party < by applying such $ account to the Se cured Obl gations i ; # %$< # %$< ' 4 % % $$ $ Sec ' $ $ any *% % % Q % require &% $ % Grantorto $ obtain rued Pa rty's pri or wr ittne consent to e, lease , agre tm en to se ll or lease, ' ' % " $ ' $ % ' < sal $ % G of < any Collateral ; (d) B or other dispositi no $ % '* ' $ $ ' proceeds *5 ' % Q $ &% $ $ segregate (e) require Grantorto collections and of the Collateral so are capab le of ' " $ all $ % ' that $ $ they * K $ < % B $ N $ Se proc 4 % identification and 5 % de iver l dai ly su ch collect onsi and eds to cured Party in ki! G nd; *% ' $ ' ' < # %$< $ Collateral, $ Boo , !' % Q $ " includ Re '' " " ! &% $ % $ ass 0 % ' (D requ re i Grantorto emble the ng i the sk and cords, and make them lable i to 5 $ " ava $ B7 ' 4 % # %$2 E' RL OC's ·h V 2013 6 248 9I ·--- ----- ------------------------------------------- Warranties. ? ' " % of $ % and ) 8 1 $ K 7 Collateral Disclaimer 6.03 Notice of 2 '" " Disposition of is mutually % that %% $ ' lt D) " $ < agreed " $ (a) B <'M prior good faith 7 $ % Q % 5 Granter more &% $ % no "" % % ' '' commercial reasonableness and require 4 % Secured Party written notice $ give " % than $ 5) days' 7 the *% % % $$ $ of # %$< to $ " % 7 " time R" after 5 which any *% 5 $ disposition '* ' $ or % any time and * place 7 of any public '* ' $ disposition $ % of Collateral or of the $ % intended $ < * < private < other 7 % Se 4 % warranties '* ' $ disposition ' is to be " E made, and {b) is $' commercially reasonable for cured Party $ disclaim ' " all % ' with %% $ ' which "" % %< % ' $ arise $ # %$< to B it $ '* ' $ 7 the $ $ $ Collateral. respect disposition of % '* $ to $ the D/0/, 9 F-+ /4 ALL $ &0-1:20 HE F 5 % Hearing ->> RIGHTS 0+&D:4 TO 6.04 Waiver of Notice . GRANTOR REBY WAIVES :2 A- JUDICIAL 1 $ and ?+ +-> HEARING D/-0+1& OF 26 #-0:A OF 0+&D:4 TO : POSSESSION #0+20 TO 4/ 0/? PARTY -1A :2 :D/ 26 :4 :D/ COLLATERAL #244/44+21 OF ANY .+1? KIND PRIOR THE /L/0 +4/ EXERCISE ,A BY SECURED ITS RIGHTS 26 THE 2>>-:/0-> 26 ITS -::- D OR F+:D2 : #02 /44 OR 20 OF +:4 0+&D:4 :2 REPLEVY 20 LEVY >/F UPON :D/ COLLATERAL 0/#>/ WITHOUT ?+ +-> JUDICIAL PROCESS RIGHTS TO , ATTACH #21 THE 2>>-:/0-> WITHOUT F+:D2 : 20 D/-0+1& #0 20 PRIOR 12:+ / NOTICE OR HEARING . appoints ' U ' and ** $' Secured ) - " # % 7 4 Party " <= 6.05 Power of Attorney . &% % Granter hereby as attorney ' ' ' % < designates its +$' designees # %$< and in-fact of Grantor, irrevocably and with power of substitution , with authority , upon the occurrence of an Event of Default, to % other '$"" ' or * ' % 7$' $ ', acceptances endorse &$ %E' Grantor's " name on any , !' checks, drafts , money 5' $ % evidences K % %', instruments " < orders 5 ' of 7 payment < notes * <" $ or # %$ Documents $ Loan K Secured ? " $' the % " $ and $ ' % thi $' designees discretion , to and enforce s agreement . All $' of " carry $ 4 % Party its such ' % ' ' in ' %%< out # %$< and % any % omission " 44+ nor K fact % < % for "" '' $' of K comm % mistake 7 $ or capa yt ic ' shall not liable for any acts ssion i or judgment or . This $ be " '$ ! of $W % %"% of % law : ' * $< < error ' long * % ' %% 5 as ' any 7 the $ Secured 2 ' remain 4 % Obligations % power 7 of attorney is * coup edl with an i+ $ % '$ nterest and is irrevocable so % " unpaid $$ % < ' * or < of 5 4 % $ $ could $ % N '$' 4 % Obliga * %" unperformed % or there exists < any "" $" $ commitment < by Se cured Party give % ' $ rise to any ions t. 2 $ ' # $$< that < Secured = K &% $ % %% 5 < $ * % 7 ' ' $ $ $ % < * $ %% K /5 $ ? 7 $ $ R % by K * , the $ Collateral 6.06 Deficiency . If the , % or $ % othre % realization upon the ex ercise of I proceeds 5 %$ of 7 N % ' K remedies *% ' of U % " ' < virtue 5 % % i ' 7R $ $ cov $ costs % Se expenses '$' and available to 4 % Secured # < Party under ction 6. 02 are nsufficient to er the such exercise N* ' ' of 5 4 $ N % ' and the ' $ payment * <" $ 7 % ' remain % " liable $ extent N$ $ provided in full of $ the Secured , &% " % Granter shall for any . 4 % Obligations 2 ' + $ the R < to % Applicable P" $ *% 5 under -** Law > < deficiency + 12:+ /4 ARTICLE -0:+ >/ 7 = · NOTICES X "" $ ' - $ ' agreement All $ ' notices, **% 5 ' ' $' approvals , consents , and $ % other communications , % under this Notices ) " must ven in $ " ("B 1 $ 'C " '$ be gi 5 7 the provision *% 5 ' ' will $ terms $ %"' and $ Credit % $ Agreement. - % " $ Notices 1 $ ' mus accordanc e $ with and be ' W $ subject to the s of t be delivered, if++ 2+ 5 5 % " or " '$ mailed ' $ % below $ Secur 9) E./ River &% $ 7' G 0 5 % Park to , to the % '' address adjacent s ' signature ; 7 if to de Party West, Suite $ Granter $ $ Grantor 4 % $ 45 # %! Place # F '$ &$ % W $ to 4 $ 507 ) , # %$<, to - (8 - Fi6 $ case ' of any Fresno , CA 93720, $ ; Attention : Ag nance ' Closing Department ; and i+ n the $ % Person ? * " $G # %' , to 6% ' % '' designated $ the $ address ' $ < other Person $ &% % by that in a $ not cei to Granter and cured Party . # %' Se 4 " # %$>-1/2 4 -0:+ >/ 8I ·= MISCELLANEOUS ARTICLE ' $ coopera $ Sec 2$ % - $' Gr K the &% $ % 4 % 8.01 Other Acts. aner t shall e t with ured # $$< Party for * $* ' ' of, 8 $ purposes perform acts * % $ * all $' which may 7 and " < 7 % in * %7 $ > pr + $ ' be '' %< necessary % or 5 ' advisable to perfect any oded vi for this agreement s % " $ agreement . *% 5 % to $ intent K thi $ the $ $ of % " $ or $ ' $ carry %%< out < Lien 4 % Party " % than Promptly {but in no event more ten day )s after reque t s by , Granter , acknowledge deliver any &% $ % will $ execute 7$ % % Q '$ 5 $ $ $ N $ ! and # %$ - % " $ 8.02 Entire Agreement. Th e % $ Credit Agr eemnt. the other Lo an Document , s and h oth re agr eem nt e or I ? " $' / $ % - %" $ eac % 5 % " $ % Obligation 4 % $ i+ of 7 the $ Sec 2 $ ' (collectively " % or $ % entered into n $ connec on i t with each ured Obligations , the instrument made ' "" $ $ "Secured B $ 5 < 2 $ und ? " $'C %'$ ' 7 the $ sum ' " of agree Docum , )nts e" collectiv:yel (iB ) repr ees nt the ng and tsresi and nts m e bet ween Secured Party ro $ 4 % % " $' Grant 5 <; % " $ &% % # < and % writt % " ' % or concerning $ ' this % $G credi ; t (iB i) % *$ rep acel any prio r oral ne agr eemen ts betwe en Secured r con ng cerni this cre ;t di &% % Granto 4 % Party % % $$ $ *% % % $ ' % $; < # < and R % $ ' the "* $ and $ final exclu K the 4 % and (iiB )i are intended < by Sec ured # %$< Party and &% % Granter as , complete ive s statem ent of '$ " N ' 5 $ terms $ %"' agreed % to + by < % $' 7 %$ % : Se ? " $' " The 4 % $ $ Sec them. cured 2 $ Oblig on i ta Do cum nts e al ' % $ so grant furth er right s to red u Party and cont ani furth er agr eemnt s and 4 % 5 % " $' # < % " mativ r e and negative covenan ts by Gra ter n which app ly to eeme nt and the Coll er alta. affi $ 5 $ this $ ' agr to 5 $' &% % 7 %" 5 % $ " ** < < "" 5 % 4 % 8,03 No Waiver or Cure. h wai ver by cured Pa rty must n writing , and no waive r is be construed $ Eac 1 / " '$ be I 8 F < % % i+ F 5 % ' to # < $ '$% as ' < Se 1 5 % ' $ % failur 7 % 7% " any a 5 % continuing waiv.er No waiver is to be "* implied from e by ured Party 4 % < or < delay $ take $ on account 7 any $ ! action $ of # < to < Sec < $ or % ""' default 7 of &% $ % Granter. Consent by 4 % Secured # < Party to omision s by a consent $ any &% % must $ $ be ' $ < " '$ not '$% as construed ' $ any < act ' to $ % < Granter < other 5 $ 4 % or sub es qu nte act or " '' om ssiion or e $ the % Q % " requirnt m e for Secured Pa rty con es nt to ained in other ; to $ ; the ' $ % $ waiv obt any ' ' Q $ $ % $ be $ % $ % $ % or # %$< < future % $ ' : % rem instacne. Th e N % ' execise r by Sec ured Pa rty K of any right or edy und er thi s agr eement or cured Obligation $ " '$ % the % Se % " < $ other 4 % 4 % 2 $ # %$< < C " < % waiv Documents or undre Appl cable i Law , shall cure or e a 5 breach, /5 $ Event of ault or ce of fault und er this mnte % % % noti ' not: -** > $; % 7 Def K de ? 7 $ 7 $ 5 ? " $' $ $ ' agree % % " $ Edw rda Va adlao, Jr. RLO s C' ; - 2013 " / % % - .>2 % Q - % " $ Security Agr eement 4 "< 7 249 9( % K or 5 $ invalidat e any act * %7 %" performed * %' $ pusr uant $ to any such 7 $ defau t l % or $ G not ce;i or 7< nullify $ the 77 $ effect 7 of < any $ notice 7 of 7 $ default or sale (unless % ' B '' < ' < $ all 4 % Securde Obligation s B then due 5 have been * paid in 7 full and * %" performed and C all $ % ' other defaults % under the 4 " Secured 2 $ Obligati no 2 $ ' Docum nts e, have been % G cur; e)d or "* 5 impa r i $ the ' % $< security Òf $ ' this % " $G agreem nt e; or prejudic e 4 % Secured Party, % or < any % 5 % receiver appoint de in % *% W % ? " ' 5 ** $ # %$< 7 $ ' % " accordanc e with $ ' this $ " agreemne, t in the N % %' exercesi of < any % $ right % or % " < remedy 77 % afforded < any $ of $ " them % under this agreeme ; nt % or be $ % ' % construed ' as an "%" affirmat nio by 4 % Secured # < Party 7 of < any $ <9 tenan , yc lease % or *$ opt on,i or a ' % $ subordination 7 of $ the lien 7 of $ ' this % " agreemnet. ' % < Waiver 7 of " Marshallin g. &% % Grantor 5 ' waives all % $' rights, legal and Q $ equitable , it " < may now % or % % hereafert have $ to 5 5 % Each ' '' % successor and '' assign of / 8.I 9 04 K require " %' marshalling 7 of '' $' asse st or to % Q % require * upon 7 % ' % ' ' foreclosure sales 7 of '' $' assets + in a * %$ % particu ar l orde.r % Q % % % Granto,r including < any % holder $ of a > Lien ' % $ subordinat e to thi s % " $ agrem ne, t by *$ accep cetna of ' its $ % '$ interest $ or > Lien % ' agrees $ $ that $ it ' C shall be $ ' K &% $ % < bound < by $ the 5 above 5 $E waive, r ' as 7 if $ il had 5 given " the wa iver +$' 7 itself. 5 % +7 7 8.05 Joint and 4 5 % Several 2 $ ' Obligtaion . s If &% % Granot r ' '$' con stsi of " % more $ than one # %' Person, each &% $ % Grantor B (a) I ) $ 7 % ack nowl dg es e tha t ! ' this ag reem net i ' s $ the * $ independent and ' 5 % Z several $ obl igation 7 of each &% $ % Grantor and " < may be enforced '$ against each % " $ ! ' $ $ &% 5 Granto r ' * % $ < separtaely, whet reh % or $ not 7 % " $ enforc ntem of < any % $ right % or % " < remedy % % hereunder ' has been ' $ sought '$ against < any $ % other &% " % Grator n; 7 % % and B (b) % ' agrees $ $ that $' its $< lialitybi hereund re and und er < any $ % othre 4 % Secured 2 $ Obligtion a Document ' shall be ' $ absolut ,e unco , diitnona l % % $ ? " $ :D-: continuing and d% 5 irrevocab.le GRANTOR /L#0/44>A EXPR SS EYL WAIV SE -1A ANY 0/U +0/ /1: REQUIR MENT E THAT 4/ 0/? SECUR DE PARTY /LD- 4: EXHAU TS ANY #-0:A F-+ /4 -1A &0-1:20 $ RIGHT, #2F/0 POWER 20 OR 0/ /?A REMEDY -1? AND #02 //? PROCEE D -&-+14: AGAINST :D/ THE 2:D/0 OTHRE &0-1:204 GRANTORS 1?/0 UND RE :D+4 THIS -&0// /1: AGREE ME NT, OR -1A ANY 20 0+&D: -&-+14: OTHER 4/ 0/? SECUR ED 2,>+&-:+21 OBLIGA ITON DOCUM NTS E, OR AGAINS T -1A ANY 2:D/0 OTHER #/0421 PERSON 1?/0 UNDRE -1A ANY & -0-1:A GUARANTY 26 OF, 20 OR 0 ?2 /1:4 2:D/0 SECURIT Y 620 FOR, -1A ANY 26 OF :D/ THE 4/ 0/? SECURED 2,>+&-:+214 OBLIGA ION T. S 4/ 0 :A 8.06 Authority $ to , Bind &% $ % Granto.r If &% " % Grantre ' is "*% ' comprise d 7 " $ * of multiple # %' 'E Person s, < any # 5' Persno "* ' compr sing i Gratorn is +7 +4 - $ R &%' 5 I 7 hereby $ % authorize d $ to bind all * %$ ' parties "*% ' compr ngi s i Grantor. F $ $ Without " $ $ limitaon ti of $ the % foregoing, 4 % Secured # < Party " < may $ Q requ re i < any &% $ % % < author on,at iz i or $ % other $ action < by % or on 7 behalf 7 of &% $ % Grantor be by one % or " % more 5 ' individu lsa ' $ designa edt in % writing < by the request. $ % $ % $ % Q '$ < # %' C parties "*% '" compri ng si Granrot (a C? ' $ "Design te ad Person . )" Secured # %$< Party " < may, $ at < any time and $ $ without $ notice, 5 waive < any *% % prior &% $ " 4 % * %$ ' B requiremen t $ $ that % Q '$' reques , s t $ % $ ' auht ,ori snza oti or % other $ ' actiosn be $ ! taken < only < by a ? ' $ Designat ed # %' Peros n. % Q $ " " % , 8.07 Binding / $G Effect: 4 '' %' Succesors s and -'' ' Assign .s This % " $ agreement ' shall % inure $ to $ the R$ benefit 7 of and ' shall be " binding I : ' upon $ the * %$ ' parties and $ % their % '* $ 5 respectiv e ' '' %' succsors es and '' 'G ass gns i; provided $ $ that & $ % Grantor ' + shall $ not '' assign its % $' rights % or $ ' obliga stio n *% 5 * 4 % # < hereund r e $ $ without $ the *% % prior % ' $ writet n consent 7 of 4 % Secured # %$< Party. Secured Party " < may $ "'7 % transfer all % or < any * %$ portion of $' its $ $' rights % under the % 5 $ $ < 4 " Securde 2 $ Obligation ? " $' Document s to any $ % othre # %' 5 Perso. n Secured # %$< Party may disclose to any $ actual % or *% * ' proposed $$ '$ % tranfseree < any 4 $ < " < ' ' $ 7 informio at n that &% % Grantor ' has 5 % delivere d to 4 % Secuerd # %$< Party in $ connnec oti with the $ $ negoti tion a of this agreement % or * %' $ puruant s to $ the $ ' % " $ $ %" $ $ 2 $ ? " $'; Secrued Oblion gati Docme u; nst and &% $ Grantor ' shall * % $ cooperate fully with 4 % Secred u Party + in *% 5 providing that + 7 %" $ informa io nt to < any $ actalu $ $ 4 % 7 < $ # %$< % *% * ' or proposde % '7 $ E transfeee r. 8.08 Rights and 0 " ' Remedie s " $ 5 Cumul tiv a.e All % $' rights and remedies under $ ' this % " $ agreem nte and the 4 % Secred u % " ' % 0 $' - I I Obligation Docum sen t are " $ 5 cumulati e,v and the N % ' execr ise 7 of < any one % or " % more 7 of $ " them ' does $ not '$ $ $ constitut e an $ eleciotn of % " ' remed. ies ? " $' % 2 K 8.09 Sevreability. - < Any *% 5 ' provison 7 of < any 4 % Securde 2 ! Obligation ? " $ Docment u which ' is *% $ prohibited % or 7 % unenfcea or ebl in I ( " 4 5 % " $ N$ $ any W % ' $ jur sdii ction sha,ll ' as $ to $ K that juri idsctio ,n be 5 ineffecti ev to the extent 7 of ' such *% $ prohibiti n o % % $< or unenforcea bility withuo t 5 $ invalida gtin W % ' $ $ $ ' $ $ < the % " remaining *% 5 ' ' proovns isi of $ $ that 4 % Secured ? Obl gation i Docum nt e or affecting the validity % or 7 % < enforcea bility 7 of $ that pro onviis in < any $ ? " % 5 $< *% 5 ' K 5 $ ' K < other juri ctisdon i; except t$ $ hat 7 if ' such *% 5 ' provi on i s relates to $ the * <" $ paymnt e of any " %< ' " moenatry sum. $ then 4 % Secured # < Party " 7 < 8.11 I Cafo li rnia (the ]& 5 % "Governing Law 4 $ C State ) " $ $ withuo t % % regard $ to $' its $ conflict $ of ' laws * * ' prinic.plse > % B EdW rd a Valadao, +> Jr. /"" Secu rity - " " Ager ement 4 " = 0>2 'X RLsOC' - 201 3 8 8 250 ) 8.12 JURISDICTION -1? AND /1 / VENUE. &0-1:20 GRANTOR +00/ 2 -,>A IRREVOCABLY -&0//4 AGREES :D-: THAT, -: AT :D/ THE 2#:+21 OPTION 6 OF 0+4?+ :+21 I SECURED #-0: PARTY, ->> ALL - :+214 ACTIONS , #02 //?+1&4 PROCEEDINGS 20 OR 2 1:/0 >-+ 4 COUNTERCLAIMS -0+4+1& ARISING 2 : OUT 26 OF 20 OR 0/>-:+1& RELATING :2 TO THIS :DZ4 4/ 0/? 4 #/0+20 2 0+ AGREEMENT OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUMENT F+>> WILL ,/ BE :+&-:/? LITIGATED +1 IN :D/ THE SUPERIOR COURT 26 OF ->+6201+CALIFORNIA, -&0// /1: 20 FRESNO 2 1:A COUNTY , ->+6201+CALIFORNIA , 20 OR :D/ THE 1+:/? UNITED 4:-:/4 STATES ?+4:0+ : DISTRICT 2 0: COURT 620 FOR :D/ THE /-4:/01 EASTERN ?+4:0+ : DISTRICT 26 OF 60/412 -1? /1 / CALIFORNIA. GRANTOR IRREVOCABLY 214/1:4 CONSENTS :2 TO 4/0 + / SERVICE , 0+4?+ :+21 JURISDICTION , AND VENUE 26 OF :D24/ THOSE 2 0:4 COURTS &0-1:20 +00/ 2 -,>A ->+6201+- F-+ /4-1A FOR ->> ALL 4 D SUCH ACTIONS, PROCEEDINGS-1? AND 2 1:/0 >-+ 4 COUNTERCLAIMS -1? AND WAIVES ANY 2:D/0 OTHER /1 / VENUE :2 TO FDK D WHICH +: IT 620 - :+214E #02 //?+1&4 MIGHT ,/ /1:$:>/? BE ENTITLED ,A BY VIRTUE OF ?2 + +>/ DOMICILE , D-,+: -> HABITUAL 0/4+?/1 / RESIDENCE 20 OR 2:D/0F+4/ OTHERWISE . 6+1-> FINAL ?& /1: JUDGMENT -&-+14: AGAINST +&D: +0: / 26 GRANTOR +1 IN -1A ANY 4 D SUCH - :+21 ACTION, 4 +: SUIT 0 OR #02 //?+1& PROCEEDING 4D->> SHALL ,/ BE 21 > 4+ / CONCLUSIVE AND MAY ,/ BE /1620 /? ENFORCED +1 IN -1A ANY -1? -A &0-1:20 OTHER 0+4?+ :+21 JURISDICTION , BY 4 +: SUIT 21 ON :D/ THE ?& /1: JUDGMENT , - A /0:+6+ -:/ CERTIFICATE 20 OR /L/ #>+6+/? EXEMPLIFIED 2# COPY 26 OF FD+ D WHICH 4D->> SHALL ,/ BE 2:D/0 CONCLUSIVE / +?/1 / EVIDENCE 26 OF :D/ THE ?& /1: JUDGMENT 20 OR 1 IN -1A ANY 2:D/0 OTHER -11/0 MANNER #02 +?/? PROVIDED ,A BY >-FE LAW &0-1:20 GRANTOR 21 > 4+ / -1A 2, / :+21 IRREVOCABLY F-1/4 WAIVES :2 TO :D/ THE 6 >>/4: FULLEST /L:/1: EXTENT #/0 +::/? PERMITTED ,A BY >-F LAW B- (A) ANY OBJECTION FD+ D WHICH +: IT -A MAY D- / HAVE +00/ 2 -,> NOW 20 OR +1 IN THE FUTURE :2 TO :D/ THE VENUE OF -1A ANY SUCH ACTION , 4 +: SUIT 0 OR #02 //?+1& PROCEEDING +1 IN -1A ANY 2 0: COURT 0/6/00/? REFERRED 4 D - :+21 /1 / 26 :D/ 6 : 0/ 12F TO +1 IN THE FIRST 4/1:/1 / SENTENCE -,2 /G ABOVE; B, (8) -1A ANY >-+ CLAIM :D-: THAT -1A ANY 4 D SUCH - :+21 ACTION . SUIT OR #02 //?+1& PROCEEDING D-4 HAS ,//1 BEEN 4 +: 0 :2 :D/ 6+04: BROUGHT 1 IN AN INCONVENIENT 620 G FORUM ; B (C) +:4 ITS 0+&D: RIGHT 26 OF 0/ 2 -> REMOVAL 26 OF -1A ANY -::/0 MATTER 2 /1 /? COMMENCED ,A BY ANY OTHER -1A 2:D/0 ,02 &D: -1 +1 21 /1+/1: 2 0: 26 PARTY IN :D/ THE 2 0:4 COURTS 26 OF :D/ THE 4:-:/ STATE 26 OF ->+6201+- CALIFORNIA :2 TO -1A ANY COURT OF :D/ THE 1+:/? UNITED 4:-:/4 STATES 26 OF AMERICA ; B? (D) - /0+ - #-0:A +1 ANY + 1+:A IMMUN TY I WHICH +: IT OR ITS -44/:4 ASSETS -A MAY D- / HAVE +1 IN 0/4#/ : RESPECT 26 OF + 4 ITS 2,>+&-:+214 OBLIGATIONS 1?/0 UNDER :D+4 THIS AGREEMENT OR -&0// /1: 20 20 +:4 FD+ D -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUMENT 602 FROM -1A ANY 4 +: SUIT, /L/ :+21 EXECUTION, -::- D /1: ATTACHMENT BFD/:D/0 (WHETHER #02 +4+21-> PROV SIONAL I OR 6+1-> FINAL, +1 IN 20 -1 AID 26 OF /L/ :+21 EXECUTION, ,/620/ BEFORE ?& /1: JUDGMENT 20 OR 2:D/0F+4/ OTHERWISE) 20 OR 2:D/0 OTHER >/&-> LEGAL #02 /44G PROCESS ; -1? AND B/ (E) -1A ANY 0+&D: RIGHT +: IT -A MAY -+? HAVE :2 TO 0/U +0/ REQUIRE :D/ THE 2 +1& MOV NGI PARTY +1 IN -1A ANY 4 &: SUIT, ACTION OR #02 //?+1& PROCEEDING ,02 &D: BROUGHT +1 IN -1A 26 ANY OF :D/ THE 2 0:4 COURTS - :+21 20 #-0:A D- / REFERRED :2 TO -,2 / ABOVE -0+4+1& ARISING 2 : OUT 26 OF 20 OR +1 IN 211/ ED21 CONNECTION F+:D WITH :D+4 THIS AGREEMENT OR -1A ANY 2:D/0 OTHER >2-1 LOAN -&0// /1: 20 0/6/00/? DOCUMENT :2 TO POST SECURITY 620 FOR :D/ THE 24:4 COSTS 26 OF &0-1:20 GRANTOR 20 OR :2 TO #24: POST - A ,21? BOND 20 OR :2 TO :-./ TAKE SIMILAR ACTION . 4+ +>-0 - :+21 #24: 4/ 0+:A ?2 /1: 8.13 Counterpart /N $ Execution . This agreement " < may be N $ executed in $ %* %$' counterparts , each K of which will be an K original : ' % " $ I 8 $ " % and all K of which together are " deemed one and $ the ' " same ' "" $ instrument. B " % % 8.14 Necessary Action. Secured # %$< Party ' is $ % authorized $ to N $ execute < any $ % other " $' documents $ or ! take < any $ % other $ ' actions ] 1 '' < - $ 4 % necessary to this % " $ agreement and $ the ' "" $ consummation of the transactions $ "* contemplated % herein. $% ' $ ' 77 $ $ $ ' $ effectuate '' %< 8.15 I ) Credit 0 Report. 4 % Secured # %$< Party ' is $ $ authorized $ to % % order a % credit % * %$ report and verify all $ % other % $ credit + 7 %" $ information , % $ 5 % 7< $ $ " including * '$ past and *% ' $ present ' loans and '$ % standard % 7 % ' references 7% " from " lime to time $ to 5 " $ evaluate $ the % $ %$ '' creditworthiness &% % of Grantor. + Without F $ 4 % $ % $ % , a *< copy K of $ the ' $ consent 7 % for % ' release 7 of 7 %" $ information , % general authorization or ' " % similar " $ document on 7 file with Secured # %$< Party limitation " R shall $ % authorize third Persons to *% 5 provide $ the 7 %" $ information % Q '$ 7% " requested from time to $ " time. " $ $ % # %' ' ' 8.16 I % " No '$% $ Construction - '$ Against ?% 7$ % Drafter. / Each # %$< Party ' has * %$ * $ participated in $ $ negotiating and drafting $ ' this % " $ agreement , 1 so +7 if an " $< % ambiguity or a Q ' question 7 of + $ $ intent % or " "% $ interpretation % ' ' arises, + ' this agreement is $ to be '$% construed as if $ the # ' Parties had % drafted it ' $ % " " ' ' ' % '* ' jointly, ' as ** ' opposed $ to being ' % construed '$ against a # %$< Party ' because $ it was responsible 7 % for % 7$ drafting one % or " % more *% 5 ' ' provisions 7 of $ ' this W $ < ++ % " $ agreement. 8.17 WAIVER 2/ OF :0+-> TRIAL ,A BY 0A JURY. :D/ THE #-0:+/4 PARTIES B- (A) 2 /1-1: COVENANT -1? AND -&0// AGREE 12: NOT TO ELECT - A :0+-> TRIAL ,A BY :2 />/ : F-+ /0 I JURY +1 IN -1A ANY ACTION OR PROCEEDING FOR :D/ THE 0/42> :+21 RESOLUTION 26 OF -1A ANY 21:02 /04A CONTROVERSY 20 OR >-+ CLAIM :D-: THAT ARISES #02 //?+1& 620 -0+4/4 0A - :+21 20 OUT 26 OF 20 OR RELATES TO: B+ (I) THIS AGREEMENT; 0 OR B (li) -1A ANY >2-1 LOAN ?2 /1: DOCUMENT, FD/:D/0 WHETHER -0+4+1& ARISING +1 IN 21:0- : CONTRACT, :D+4 -&0// /1:G 0/>-:/4 A2; 2 : -1? 2>>/ :+ />A TORT 20 OR ,A BY 4:-: :/ STATUTE B+1?+ +? ->>A (INDIVIDUALLY AND COLLECTIVELY, - A C 21:02 //4A "CONTROVERSY 0 OR >-+ C G CLAIM"); -1? AND, BI (B) TO THE :20: :2 :D/ EXTENT #/0 +::/? PERMITTED ,A BY -##>+ -,>/ APPLICABLE >-F LAW, D/0/,A HEREBY +00/ 2 -,>A IRREVOCABLY F-+ / WAIVE ->> ALL 0+&D: RIGHT :2 TO - A TRIAL BY 0A JURY +1 IN -1A ANY :0+-> ,A /L:/1: CONTROVERSY 20 OR >-+ CLAIM TO THE /L:/1: EXTENT 4 D SUCH 0+&D: RIGHT /L+4:4 EXISTS 12F NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTURE. :D/ THE #02 +4+214 PROVISIONS 26 OF :2 :D/ 21:02 /04A THIS SECTION -0/ ARE 4/#-0-:/>A SEPARATELY &+ /1 GIVEN ,A BY /- D EACH #-0:A PARTY .12F+1&>A KNOWINGLY -1? AND 2> 1:-0+>A; VOLUNTARILY; -1? AND -0/ ARE - A -:/0+-> MATERIAL :D+4 4/ :+21 INDUCEMENT 620 FOR :D/ THE 4/ 0/? SECURED #-0:A PARTY /1:/0+1& ENTERING +1:2 INTO :D/ THE 0/?+: CREDIT -&0// /1: AGREEMENT -1? AND 2:D/0 OTHER >2-1 LOAN +1? / /1: DOCUMENTS. ?2 /1:4 SIGNATURES 21 ON 62>>UF+1& FOLLOWING #-&/ PAGE 4+&1-: 0/4 8 Edw rda Val daao, Jr. - 0>2 'X RLOC 's - 2013 % / % Security -Q5 " Ager emen t 4""$< 9 251 ) F XX 5 ' 7 $ 5 Granter ' is ' sign ngi this % " $ agre m nt e effective as of $ the < day and < % year R%'B first % $$ written abov .e $ ' &% $ % &0-1:20 GRANTOR Addr ses 7 % for $ '; notice :s - % '' 5 8637 ! Jacsok n ' - Aven eu I 8 Hanfo , d r CA 93230 - (8 8 D $ % Address B % for $ '; notice:s - % '' 8637 !' Jackson -5 Avenue I 8 , - CA (8 8 93230 Hanford D 7 % - ' > EDWARD ->-?-2 VALADAO , JR., doi ng ' '' business as Lone 4$ % Star Da ryi ? %< /?F-0? 0 I 0 ->-?-2 " '' ' > 4$ % Z%< Edward Vaadlao, Jr. = - 0>2 M4 RLOC's = - 20 31 8 / % Securi ty - " " Agreetm ne 4 < 10 252 ) EXHIBIT 253 4:-:/ /1: UCC 6+1-1 +1& FINANCING STATEMENT " and +U -0/6 >> 62>>2F FOLLOW "'% ' INSTRU CTIONS (front back l CAREFULLY li.. 1- / NAME & ; PHONE %; OF 21:- : CONTACT -: AT 6+>/0 FILER [optlonal] *$ =+Y ' Gisella Mel endez 88 98 8 800-331-3282 - .12F>/?& /1: : ; B1 " B. 4/1? SEND ACKNOWLEDGMENT TO: (Name and - '' Address) : /1 CT LIEN 42> :E214 SOLUT ONSI DOCUMENT NUMBER: 32581580002 7R "R'R % 22T FI LING NUMBER: 12-730677618 0 6+>+1& " "'@8 FILING DATE: 03/30/201212: 2 = 1 HOUSTON , TX 77019 + -&/ IMAGE &/1/0-:/? GENERATED />/ :021+ ->> ELECTRONI CALLY FOR 620 XML D 1& L > FILING USA :D/ ABOVE -,2 / SPACE IS +4 FOR 620 CA - 6+>+1& 266+ / ' THE FILN I G OFFICE USE ONLY 21> >/&-> 1- / ; % " names one % combine % "; >?/,:20 4 • DEBTOR' S /L- : EXACT 6 >> FULL LEGAL NAME H - + ' %$ Insert ontv debtor name fla or ? 1bl -= do K not $= +++ abbreVlate or 1- / 1a. 20&-1+T-:+214 ORGANIZATION S' NAME Hc 12727 ALLEN PARKWAY R % R *E 4- ' ; E ""; k# ~: + ? -E>4 >/CK b. INDIVIDUAL'S LAST 1- / NAME / % Edward !Vala dao X " R '' ~c. MAILING ADDRESS #/ 6 ( TYPE ~e. OF ~RGAN ZAT I ION ^ " H + I - CA 1- / 20&-1+T-:+214 ZATION'S NAME __Xtis. ORGANI r,!b. INDIVI DUAL'S G April CITY / "K 7 % Hanfo rd !INSTRUCTI ONS IX Û NONE or combi ne " " MIDDLE STATE X X :A#/ 12e. TYPE 26 OF O / f. R$' JURI SDICTION CA names ' %RN SUFFIX NAME * "5 COUNTRY ~OSTALCODE 4- USA X 3230 2D 1,: 21-> 2g. ONAL ID#, HC any ]E ORGANIZATI C $ " =%" % F -" " ORGANI ZATION IORGANIZATION "; X #- %5E' % 1- / ; 4/ 0/? ~SECU RED PARTY' S NAME Cor NAME o1 :2:-> TOTAL -44+&1// ASSIGNEE of -'' ASSI GNORS / - + - ' + 1- / 3a. ORGANIZATI ON'S NAME X ^! ] % 20&-1+T-:+2 IOF ORGANIZAT ON I FIR5TNAME/ LAST NAME !Valadao E G tic. " MAILING -??0/44 ADDRESS -5 I 8 8637 !' Jackson Ave nue ?/,:20 12d. SEE .rDD'L DEBTOR INFO % 5 COUNTRY 4- IUSA X X X XX + , 8 I 3230 % fr. "'" %" JURISDI ~f. CTION k"EC ^ECkCC 1g. ZATIONAL ID#, IfC any C ORGANI W 1- / + ' %$ on ~ one debtor name 2a or 2bl - do not abbrevi -??+:+21-> ?/,:?D4 ~- ADD"10NAL DEBTOR'S /L- : EXACT 6 >> FULL >/&-> LEGAL NAM E· = Insert ate X 66+L SUFFIX :-:/ ~OSTALCODE #24:-> ' STATE %%5 CITY D 7" Hanford I 8 8637 !' Jackso n -5 Avenu e ??E> C6? ~d-W ¡rE DD LO ' ?/ EBTO R INFO ] ;)) INSTRUCTIONS " " "; MIDDLE 1- / NAME D '% FIRST 1-D/ NAME " - ! 1 N.A. Rabobenk, -XX ?+ +? ->E4 31>. INDIVI DUAL'S LAST 1- / NAME X X " + '= one secur ' Pl· Insert onlv ed * %$< l>artv name B t3a % or 3b) 1- / H HHR6R%H+ ?>/ "' 1-IRSTNAME / " MIDDLE NAME "K CITY 8; 3c. -+>+1& MAILING -??0/44 ADDRE SS &12 / L NONE "" X 4:-:/ ISTATE SUFFIX 24:-> ; OSTALCOD E " 5 COUNTRY ) 0 5 9' # Wes - 8 4 $ 50'7 45 Riv er # %! Park Place t, Suite 4F '$ Fresno 3720 tA USA X 9 5 %' ~- : ' Thi s 6+1-1 +1& FINANCING 4:-:/ /1: STATEME TN covers $ the f! ollowlng +"=+; collateral: 7% " the $' $ ' % 5 bl " ! products) " $' of *% $' , $% $ " "' 7 title, (aj all accoun ts B (including "' accounts receiva e from salé 7 of milk contract % $' rights, documen ts, documents B 5 '$" $ Y ' % " "; $' * * % *"* %%< payment in tangible s, investment prope ty,r chane ì paper , and ìnstrurneru s; * <" $ = X X (b) all invento r ;y 5 $ %<; B (e) all Q *" $ equipm ent; B grown, " or % " ' or 7 %" $ ; be % *" $ ! born % growing % or te (d) farm *" $' products, + inclu ding % *' crops grown, unborn, ' ** ' supplies used produced fo < livestock all $" ' 7 $ % unmanuf " "" * N $' lives % *' and 5$' ! their 8""; Deb tor's 7 % fanning " $ $ operation, and produ ct of s <.Tops oc t k in. actured state; 5 % " $ *% ' 7 ' % price *% % "G *% "; ' ** %$ (e) all proceeds of < any % * crop insurance, support payme nt % or other governme nt program ; * <" " B $ % $ ' te the $ Col 8 ) G (t ) '' ' accessions , $$ ! ""' attachments and other additions lateral ; B$ $' for 7 % any * " ' " $' *% $' profits % $' % *% "' 7 (g) ' '$ $ "' subsittutes % or % * replaccrœrus Collateral, all proceed s, produc ts, rent s and cf any Collatera l, ali rights un der < < N "= Yj B) " " F ->: ?/4+&1-:+21; /,-+>//+,-+>?0 6 214+&1//+ 214+&120 + >/44//+>/442D /4/>>/D+, A/D /121= R-& >+/1 L DESI GNATION: C LESSEE/L ESSOR L GNEE/CONSI CONSI GNOR LBAIL E/BAILOR E LSELLER/B YEA U C AG. LIEN NON UCC · FI LING 6+ 1& 8 4/-0 D 0 0 ) kC Check to REQUEST SEARCH ( REPORT(S) on "" Debtor( s) B$ ; B % ) 5. ALT "; C [f or % % Y %"" " 4:-:/ /1: FINANCING STATEMENT Is " to be filed record] (or % = re corded) ln the 0/-> REAL /4:-:/ ESTATE ' RECORDS Lie. This "" !Attac h - " Addendum ílf aPPll cablel = Y 0/6/0/1 / ?-:- ¡s. 2#:+21-> OPTIONAL 6+>/0 FILER REFERENCE DATA -= =8 ) 8 9 8 (I8 ICA -0-3256 007---463079 3 3 8 -??+:+21-> 6//Y ADDITIONAL FEE] 6 " ; 1 C " % Debtor 2 +E/-++ Debtors ? $ %; * Y r [optlonal] A11 rDebtor X 6+>+1& FILING 266+ / OFFICE 2#A COPY /LD+,+: EXHIBIT U 254 )9 # Page 2 -??/1? UCC 6+1-1 +1& FINANCING 4:-:/ /1: STATEMENT ADDEND M U "" 62>>2F FOLLO W +14:0 :+214 INSTRU CON TIS (fro nt + and !K back) -0/6 >>A CAREF ULLY ON 0/>-:/? 11a - / 26 % 9. NAME OF 6 RR: FIRST ? DEBTOR or 1bl RELA T E D 6+1-1 FINANC IN G 1++-:+? M4 2 1- / 9a. ORGANI ZATION' S NAME 20 9b. OR +1?+ +? ->E4 >-4: lND1VIDU AL S' LAST C])) NAME 04: 1- / FIRST NAME 9! +% Jr. 10. +4 />>-1/2 4; MISCELLANEOS;U XX H E +??>/ MIDD LE 1- / NAME, 4 66+L SUFFI X / % Edward Valadao :-:/+/1: STATEMENT XX X >/&-> 1-+/ ""; ?2 /1: 1 ,/0; 3258158000 8 )I )I DOCUMENT NUMBER: 2 + -&/ L > 6+>+1& 620 XML IMAGE &/1/0-:/? GENERATED />/ :021+ ->> ELECTRONI CALLY FOR FILING :D/ ABOVE -,2 / 4#- / +4 620 - 6+>+1& 4/ ONLY 21>A THE SPACE IS FOR CA FILING 266] OFFICE USE " ,E+ ?D 4 /L- : + ' $ % % •l= do $ 1. -??+:+21-> AODrrlONAL ? DEBTOR'S EXACT 6 >> FULL LEGAL NAME•= Insert onl v ,., .. •deb t or name 11 = 11 or1b not %+5 abbre vhrte % or comb ine names = X XX 20&-1+T-:+214 I ORGAN 1- / 11a. ON'S ZAT I I NAME XX >-4: +1?1+? -> 4 tl1b. lNDIV1 DUA L'S LAST 1- / NAME XX -??0 8 -+>+1& nie. MAIL NGI ADDRESS " I X = XX , XX -+>+1 & -??0/44 nze. MAILING ADDRESS c; c " S/P'S NAME E= R%"CG " CITY % 8"; ? % * 7 $ l estate; orrea 9 Descri 14. ption 0/ 20? 2F1/0 ) Namo + 7 + 5 ' 7 15. and % '' address 7 of RECORD OWNER of above-described " + % % BC? " (If Debtor does K not 5 have a record + $=%" ; Interest): = - Insert X 8 ; : " % $ 13. This % 1-1 +1& FINANCING 4:-:/ /1: STATEMENT covers Ctimber to be $ cut orn 1 " 4:-:/ 2?/ STATE r#24:-> OSTALCODE r~f. X X = 4 66+L !SUFFIX 2 1:0A ~ OUNTRY " ""k > If]R C121D E "" "= " onlv on~ name 112a % or 12bl D4: 1- / FIRST NAME R '= NE% R C11xture fili as-extracted " 5 collateral, % or +; is fil ed as a ng. % real '$ $ estate : crrv X 6 ''" ) % ; "" ' ON AL I SECURED #-0:A 4 PARTY'S or rASSGN ORI h2. # % " rJADDIT E > 1- / 2a. 20&-10-:+21 4 ORGANI ZATION'S NAME __XX 12b. +1?+ +? ->M4 >-4: 1- / lNDI V1DU A L'S LAST NAME MIDDLE 1- / NAME 6+??>/ ; " "' " 1e. :A#/ TYPE % OF CTION JURISDI X~C( 1g. ORGANIZAT ONAL I % "" " ORGANIZAT O N I F ORGANIZAT ON I /F1+T-:+21 % ~l d. )G; SEE ,fDD'L DEBTOR INFO IINSTRll~nuc, l '" " ' FIR]8 M ST 1- / NAME X ID#, any ==X NONE C MIDDLE 1- / NAME +F?>/ SUFFI X STATE 6:-:/ COUNTRY OST AL CODE " " * " + - " 111. Additional collateral descript on : i = Collateral, N ' warranties and ' % O insurance. """' contracts 5"E covering the B!R "% and 7 action $ relating J" % any ' ' of $ any of % $' under " to 7 tho rights and al1 < causes < " G Collateral; and % $ R ' !' corresp %% '* " 5 N" (h) books, ondence, credit files, % % ' records, invoices, B ' %5 % ' programs, manuals, service records and oilier papers ami " ' *" ""' % * * %' % % ' runs, " "' ' 7$ % systems, documents, ""* $ = computer records, " ' software, '<'$ "' procedures, *% " ' ' " media $ any % * ' " '$ to " relating 7 $ '!' tapés and "; other storage the disks, "< of & " V $ possession Colla eral, t ìncluding < any 7 of $ the 7 % foregoing in * '' '' or the % "E ou 5 % "" of " ' "" B ; control any ' %5 service, consul tant, or tside vendor 7 < B M5 < (collectively, C, !' "Books and 0" % 'C Records"). ! llll.!y_ N 17. Check llll.!y_ If ** ! appl lcable + and check one box. "< ? " ' + O Trust :% '$ $; Debtor Is a orr'.'. :% '$ Trustee $ acting $ % '* $ with respect $ to property d ln trust orO %%G 'K *% * %$< hel ? $E' /'$ $ Decedent's Estate N 18. ! Chec:k!!nJ:ï lt applicable and $= " check-º.!tlt one box. +##D +1+ " K + ; ? $ % +' a TRANSM "%%5 Debtor Is TI I I NG UTILI TY 7 $ % =D % 5 with connection 5 30 :% ' " -= effective rJE 6 Ried in a Manufactur -Home ed Transaction years 8 < %' +]; , 5 connection + $ with 8 years " 5 30 Ried in a # R Public-Rnance :% ' $ Transaction· = effective < %' E L L % "'""" "" 6+>+1& FILING 26D / OFFICE 2#A COPY 255 )) - /1 ? /1: 6+1-1 +1& 4:-:/ /1: AMENDMENT UCC FINANCING STATEMENT *" " % "" " = ; 2 ?F+14 :0 ++ / FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FIL.ER (aptlcnsQ & Giœta Melendat I 98 H8 800-331 -3282 BF +/ a /H 1> E-MAIL 21:- : CONTACT -: AT 6 8 FLER {~ ) ' " " $ "=% B " " " CTUEN S'.)LUTIONS > /1 4 > :+214 : ->>/1 2727 ALLEN #-0.F-A PARKWAY HOUSTON , :L TX ( 77019 DF4:21 4- USA C. SENO ACKNOW..EDGMENT :2; TO: (Name er.i Addrese ) '" D ,/0; ) 9 9) DOCUE NUMBER: NT S7474320002 D 1& NUMBER: HF7~8797ß FILING ? /; 09/300016 08: ; ' DATE: FILING 16 " F ; ="" "" "" " "K 620 XML FILING IMAGE GENERATED ELECTRONICALLY FOR D " I# K ++#2+ - D 266+ / ]/ THE ABOVE 8PAŒ IS POR CA FILING OFPICE USE &+> ONLY " ""'" ='"""" R%"=" ' " "" "= * + " R" % "= 8"" c lN!TW. FINANCING 1a. STATEMEIIT FII.E NUMBER 1b. r FINANCING TISTATEMENT • AMENtJMENT II to b11 fflld !lor~ % Jnlh&REAL ESTATE RECORDS. Fier.~~ reoo~ (Farm UCC3Ad)IDII p,wldo Datùx'• rama ln nom R" "Q"""" F" " "" "Q """" """ " " " "" "" -=$ %H" "%= "RE"= = " " " " """"5 """" E 12-7300776190 ( X o, lill Arav:tlQ !llalllmm JdontJIJ9d amve lii t«mhl llllllOth ,. opec1to the """"rill Jrùrwtl .,o, 9ecu,9d PllflYaJllor1m\l lhlt T•rmt..u.., lllàmin 2. CTERMINATION:-- FFF F " ^" """" "" = " "" """ ]* " = " ; S. LASSIGNMENT (ll,jl<1 llar P~ ' "" $= -+; ORGI\NIZATIOH'S NAll'E ...,,,,_ a-v,, .prt>¥ldo orly .llDI,,..., C+" " -Cf • """" ) ""O; K " "' + / at 6UFFIX ADDmO~ NAMEt&Jll'i~S) X X Parly ll'b:fflolllon ~ pt'!Mdl~!!!l! rwne (7• C>'îb) - (UM llleaCI, 11JI...,. do; r,xm,1t, IT<>Cily, « _ X _,,part dtlwl = 7a ORGAMZATIOltS NA.Ml! F 7b, J.IDMDU/IL. 'S SURNAME #" . F+4 >K OR " +0/S PERSONAL NAM!: INDIYllUAL'S6RRST FF++= 1NDIVIJUAL'8 ADDfT10NAL NAME(S}IINfTW.(S) "" ] ' lem 6" $% "" "" """; r: rADD ~ %" r DEI!..E7E-- "" ICSK F-+= F/ E ISfA TI, rOSTALCOD +C ; re, WIIUNQADDR ESS 8, 6UFFIX X COLLAlERALCHANGE: ll!l5! "'*"am.dU... 1.-colàtnl: bo-: ta..- 8"" rRE STA TI,_ X __ n X X l A8SIGN6 C 2 1:0A COUN'!RY .....d "'" " ""< " B$ %= ++ +++ = + 2# 4/ >0/?#-0:A26 0/ 20? SECURED RECORD -" " CF -""="" =""" """ " Lll>d + F/-F Raboœnk,NA F! 1- G. NAME OF If tm • an Amo--, a. ORC3ANllATIO N'8 PARTY OF AUT1'1 0RIZI NG aúl- (S.O. )S. " BI 889 Zc L Flied + ; ln: California 6 F :" F >?/,:20 4 /F6 >>>/2->F I ORGANIZATION'SNAME "" " ' - B "" E a. )8)k l"" lIl l~ ;:~~~~ " " m n ] +C+ +$ C $05 11111111 11 1 E \ICC + I ++] ,i~¡ - 357171!811J18 " ' THE ABOVfi 0- /4 SPACE 1$ 620 FOR D 1& FILING OFFICE use 21>A ONL y ]+$KKK] oR $ )] 1b.lNPI\IDUA 81.ASTNAAIE l.'. "5" ""; 6 1 / •NSTNA EM +" " W:,OL E NAM1! ' "N SUFFIX ; " "" te, MA1L NGAODRess 1 8637 !' Jackson -5 Ave 8)8 ... "; " " STATE IPOS TAI.. CODE - CA 93230 (8 8 cou,.¡,R Y D % Hanford 11. Jl#!ISDICTIONOFOIIGANllATlON C 1~ ORGANIZA'IIONAL+ DI ,h F X FF / % Edward Valadao ""O " " """ ; N" " ' "" ""] "C I > - I 1CA >/21 1O; E+ &F F"2+ +T1= "%=" - " " ?/D:?0M4 "7 LONE STAR DAIRY liEEltimUC'llONS 1d, 9 r•®LINFORE G po. TYPEOFOR0ANIZA11UN ~AîlON Sole #"*R $ %' * Proprietorship 4 X + X 2 AOllmONALDEBTOR'S!X.6.CT UU.LEOAI.NME,lnserto~Wllldeblo F ·doftOt~orcombineNmM nama!2oor2b ) r ~ OROANIZ ...110t(SNAUE " " OR 2b. lNOMOU/ll. l'I ' " LAST "; NAME lc .l~AUNG """"""" X 9 ¡¡¡¡¡ IN6IBIIC 2d. DQIIIA "" CfJY HANFORD D-1620? ]" " "" ¡2e. " E =IZATION " """ Sole #% "' * Proprietorship 4 I 1C - A """ " """ = KO " "" ' 4/ 0/? #-F4 PARTY'S NME(olNAMEotTOTAI.ASSIGNEeol ASSIGNOR SIP!• 3a.ORGANIZATION'SNAME Rababank - NA 0 ! X in..too1Y011o116C1116d 1!81t,/nat11e 13aor3bl '3b. IN DNIOOA!..'SLAST NAME OR "'%"5 FRSTNAME " "'' 1111 2D Old /+?+++ Eagl es 4 School 0 Rd X = + 3. S ECU REO 8 " ' '5" r h ny C < c:culmY 4- USA X , ]; f;a~E + "; "; SUFFIX "N E NAME F F USA 4- ; ~Al.CODE #- PA 19087 ( I X " "" " ] -:/ 81'ATE Wayen F < > 6F4:F,1F?+ ++ "" " + ,..,.,. +: CITY 8% !c. uA1.1 NO~ooREss SUFl'lX " N IPOSTAl 2o. ORGANIZA110NAl.1DI " ~NOIE / + / @ ))) STATE CO[)f 21. JUAl~CTION OFOROANIZAl10N ' " % ""1 rDO'LINFOR{: ]6 R " Tl'PEOFOROANIZAllON USA CA (8 8 93230 - A 4- X $ MODI.E""""' FIRSTNAME 8637 Jackson -5 Ave " nr X COUtlTRY X -4. Thlo FNme!NO SlA 181 EN'l' llO'NS tlw flll 1- ? "" ) ?++ ="" *"""$ ]/>>/] X " "= 0/6D, / +E- (9 X ]+ ; X F ^,:FT 71973542 fill.ING oFf'ICE 2#A COPY-H= ; UCC 6+1-1 1& FINANCING 4:-:/ /1: STATEMENT B620 (FORM UCC1) B0/ (REV. 05122102) 6+>+1& 6D / 257 ) . . F ' %"G G " d"" 9 cj`c ; c " %5 -&0// /1 + security Agreement ? $ Dated ?/U/ ,/0 DECEMBER )+ s. ( 2012 +' ls $ 0 ! between Rabobank, 1- N.A. and D "" % Borrower. 4 % " " This 4 Schedule - A to > Loan I= & : ' Eq~ment Description: / """" R" " One 1 ·New 8M 2013" ) = 65ZV-2 .-F-4-.+ KAWASAK I >2-?/0 LOADER 4/0+-> SERIAL# ) 9H)8 65.14-5320 2 4:F4+>4>4/ ^ 9 +C ">?1/ 4 K ?-0 X CS X X X E " " " 258 )I ~-Z > 8= 89)I9 )I 13-7345841258 ;] 01/14/2013 + +T T 17:11 6+1-1 +1& UCC FINANCING 4:-:/ /1: STATEMENT 1!1 I E " \1 l :!~;~ "" - "'*" %"" " " A. N.AM! & PHONE OF CONTACT AT "11..E.R [optlohôlij FOU.OW INSTRC U TIONS ll'ront and '*lt CAREFULL \ V 9"" #%""" '""" "' ""; B" = " ' ese 1-aoo-&68-5294 B. SEND ACl 6270 I 8 Springfield, IL 3 4*% R F "" >c L B' - + ; Ca!ifomla +% " (S.O. 6 ln: Filed S.) C OR 1b.H>M'"'L F ncitobbl!ESS 1c1. Wllimll& i:itll D + F O; SI.ASYNAME ' ->-?-2 VALADAO "" ' 8)8 6637 - .421 JACKSON AVE - / X " "K] Ìll,l,-IJII " " :1K ABOVE SPACE ^- K 18 FOR 6 FI\JNCJ OF1'tCE USE D+/2+>A TkE OHL Y + ?/,:20 '"" =+ """ "" " " " " = 1. DEBTOR'S EXACTRJLLL£GALNAME--ontvaœdDbrorname(1aor1bl-do 1a. ORW.N llATION'S 6 +>/? IICIIITAlff ""C OJI ITflTa 1 PPA.#1 027767 TO: (tame and Add...,..) """ dD/ " ' D-1620? HANFORD " = "" C "" % 1 t. .l.lRISDICTIONOFORGANIZA T10N X 5UFFll( - 1CA - CA 93230 (8 8 + ORGANIZATIONAi. io "- I+*"Y 1g. X X .....,..,,.y " 5 4- USA X 2. AODITIONAl. DEBTO R'S NAME .D F"F "+T d" = " = +-? ?/,:20 % > = "" "" " LONE STAR RY ?-+0A R-0 DAI >21/ X EX,\CT RJLL. LE!GAL I inlèll ont, QlllldM>lof natl>6(:21 a, 2bJ.do IIOl ~"' ' camblne ....- /FH ~ R OGA IZA'llOllS N Me. NA "" '; INDMOUAL' S LAST " ; NAME OR 2>. .F FF #F MIOOLENAME FIRST NAME "$= " I8 (EC 8637 JACKSON - / - .421 AVE F20? HANFORD > C' ' " "" "" " %""" 8 2d. IŒHllll!llCTIOftS RE l:ADCl'LINFO G îYPEoFOAOANIZATION ¡2a. &,~TIOH I 4 $ Sole Proprietorship Çf1'Y ¡CA - 4/F0/?#-0""/ " " -'" ""= =" ""< ] C 0-,2,-1. X + OR 3b. 4-1F > 4 4A1- / lN01V1DUAL'SLAST NAME " "" "" " " !""" X 30. WII UNQAODAESS 9 C '4. Thia Fl~ 2>? /-&>/ 0? 1111 EAGLE SCHOOL OLD 4 D22> RD %=+; "% " STA'TEMENT covers !he 1dlQwing + ="" of + mede part hereof. ' - !; and Thé eul A to Loan & one page , attached lnefudfng 11,11 " ' her&.!o = oollalar&I desaibèd ln + •Scnecs Security Agreement" * " $" - " % con5IS1lng E ' replacements and + K proased& of " add'rtions, attadlments, acoessions. sum collatera. ^ " &ub51itutions. "" F = K= " " " ]" " '=" " "" " X c= -& /- X -+ X " "" F I 9 71972247 (REV. FINANC 4:-:/ /1: FILI NO 266?/ OFFICE CO PY - UCC NGI STATEMENî (FORM B620 UCC1) ^D-1&+1& ,2FH= B0/ 05/22/02) D 1& ) 259 )( J.·... .. 8 F ' P4 10+:A -&0// /1+ 4+&1/? >/ - :2K >++ ,4,T4 I; , " 1 - and Borrower. 0 ! N.A. ? " DECEMBER $ Rabobank. " " $ Da1ed ?// //0 5,) 2012 b ls ' between This 4 Schedule A- to $ > & I= Security 4 $< Agreement : Z' loan Eq\ipmenl DescJiptlon: /Q *" ? ' * ; &/ H)8 4/0+-> 65J4,,5320 >2-?/0 SERIAL# One -New 8E 2013" I) = 65ZV-2 .-F-4-.+ KAWASAKI LOADER 2 1 " " X +E =]+ ee "> 1/4:-0?-R= X X X 2DD 1 "= "= 260 UCC 6+1-1 +1& FINANCING 4:-:/ /1: STATEMENT FOLLOW INSTRU ONS CTI (front and bacJc:) CAREJ:U LL Y A. NAl!IE & PHONE OF CONTA.CT AT FILER [optional] Edward Valadao 5599 26926 7 B. 4/1? SEND - .12 >/?D/1: ACt />/ :021+ ->>A ELECTRONICALLYFOR WEB FILING 4JSA X THE ABOVE SPACE IS R>R CA FILING OFFICE USE ONLY • DEBTOR'S EXACT FULL LEGAL NAME - lllffft cmlv ,,_ debtor name í1a or 1bl - do not abbllavlate or combine na1a. ORGANIZATION'S NAME 6 " " F " " ; XXX " M " % ' RftSTNAME / IE.ttwll"d fb. INDIVIDUAL S ' LAST NAME VafD:D 1G. MAtUNG ADDRESS l,ffT :3637 Jacks:>n Ave 5 8I8 7 % Halford -:/ ~ -> ; STATE CB F SUFFIX " " "<; / MDOI..ENAME !;.WNTRY E ]] ]E ] 4- USA. 5 f . JURISDICTION 1g. ORGANIZATIONAL IDI, CIf any te. lYPEOF 1c,.¡g IIIL'IITRUC110NS1rDD' L DEBT0RINF0 6 ORGANIZATION ORGANIZATION OF CNONE I V ...., debtor "'"mit Z. ADCfTION&L DEBTOR'S EXACT FULL LEG&L NAIE • lnNrt nn lii or lb \• do not abbrt!vlata or cambi- I'llfl&. ORGANIZATION'S NAME ~ INDIVIDUAL fi ' LABT NAME " "' , A CITY X I ECUREDPARTY'S NAME (or NAfllE ofT UTALA~iuNEE nt A ... IGN - Dll" I • ~ ORGAMlA TI ON'S NAME , ..... Dilt rict tvì M ª .,, ..~ MEtrcml ita, Air Qœl FIRST NAME ¡st>. INDIVIDUAL'S LAST NAME ... ¡.w. MAIUNe ADuru:~~ \,111 m 12th S-reá. 3rd Floor ,. Th IS FINANCING STATEMENT covers the following colalefal: ~ Elme Mcxe!#5KE44 DTI6018A 7 Model Y Ee" 2011 ~al# 23077986 HP: 250 + IIIDDI...E NAIE ~FFIX iTATE ITA #24:-> 2./ 6-:/ ¡ze. TYPE OF ~OANIZATIOH tMlrOO'l.. DEBTOR INFO IMA'JRUC110 3. X ftR~, NAME * -+>+1& IZci. MAILING ADDRESS za. g " 7C 6 $ " X X COUNTRY LCODE "" X . +,++ JURISDICTION ~. $ " = ORGANllATIONAL IDI, If ani, 6 F R ORGANIZATION ] ]] ( CNONE X inNTt nrnv !Intl 941C1Ured ,_..., name l '.UI ar ::in, M ~TATE ""'""' SUFFIX JilOOLENAME r.a ~;,ALwu1 14 : ¡wuun I n I USA / " %" ture cul Elec:trlf cáion î Purrp *% % progran in >" CX)l'ljurv::tion $ with $ E the cal < Mc,¡er 0 " Atlgram ~PA - % $ % Agri #"* #- 6 % -" "$ f::PA Furding Amouit 8 8 $10,723. 00 P:" XXX -+F/ D/F; :" " " "" ; "" %K CAG /" = " DESIGNAT ON : I L.:LESSEEn..ESSOR CCONSIGNEE/CONSIGNOR CSEU.ER/BUYER LIEN . LNON-UIX % "G FUNG % "" $ '@ "" C'.BAI...EEif:lALORD " " X5.... ,ALT X 7. Cœck to REQUEST SEARCH REPORT(&) " on , 5 C 8.. "; This D "" ' FINANCING' "'C la ta " = tiled " LTar " Q reçordJ (or " ! "" ' " " " ^ D>/0 " ' ;8 STAlEMENT += + be XX the REAL ESTATE RECORDS Xrecorded)ln llw(:h AddendUm ßf ' =D+Y · =" " "" 8. OPTIONAL ALER REFERENCE DA.TA D 1& FILING 26D / OFFICE 2#A COPY B % ¡ADDmOHAL FEE) r B, Debtar{8) (optional] " Y :Al Debtors CDebtor 1 Ceobtor z 261 EXHIBIT 262 ' D. ? Valadao Jose 2* " > 7 2 ,; Operating Une of Credit 98 9]^K 4314043-01 F F CREDIT AGREEMENT " F ]K " FF F F "" "" " " " +' between JOSE VAl.ADAO ->-?-2 ("Jose o. Valadaoï and MARY : ' 24/ o. This " %"" " egmemant Is dated " 6 " < I as of February 18, 2011. lt Is -0A J. E ->-?-2 ' " VAi.AOAO ¡Mary J, Va1adaoj, husbmd and 7 v.tte B ' (Jose o.? " Valadao and < MaryJ. Valadao n lndMdua!ly and collectively. '' ~ end 0-,2,-1. RABOBANK, 1 - N.A., + K a national ! banking association~ : +$ , "5'Q '$ $ R"" Borrower requests thai Lende< provide a rine of credi! to Borrower. Lender will provide a lins of creárl. " " (("" terms of this agreement subject to the -0+/>/ :D/ 2#/0-A+1& > 1/ OF 26 0/F ARTICLE 1 •= THE OPERATING LINE CREDIT F 2 B F )0 ( F "" F The Une of Cœ;llj. Lender shal extand cracit (the "lile of Cr:e@î from time to time ckmg the period from $ ·Ava!Jabllltv the Closing Data to the Ma1urfty DatB (such period, F " " " Including extef'lsiom, IfC < any, the Perjod1 ·by making loans to 2 ? "le ? 7 " Deferred Mlk "" ; plus *" (Dij \ K the + + 5 $ %< * ' 100% of Value of Q Eßgllle 6 Feed trwantory, plus B++ · B {lv) \ /FF6 / ; ' 100% of Eligible Prepaid Feed Expenses; plus (v) B5 \ " ' + "$""$ + 100% 7 of / Ellgible Investment ln &"1 Grow rig Crops; % *'G minus (vi) 0 $ Related # < E '; Payables; " ' minus (vi) " "" <"" """ "" Lender. {I) "AccWnts Reœjvabje" means accounts Ylttk:h: (A) arise from the providing of services or the sale " "$ B5 (b) B " Borrowing Bau. ; $ sum of: ' the "Boo:9'Mng ßase" "means Iha amount of any overdrafts on fM1Y account of Borrower 'Miti For purposes of calculatlon of the BorroYltng Base: ""' "" ; """ """;B- "R $* $ <" " ; 7R " $"""" " " """< " of goods by the O'Ml8f of the accoont, Ydllch comply with account debtor's speáfications \tf my) end haw been B+ provided or dewered to, " "*" < and have been accepted by, " $ $ 4 " aœount debtor, (B) arisa tn the ordlrnuy course of busln888, (C) F" "" " '' $ % "< " """"" B " K 5 % < "" have paymen1 terms acceptàble lo Lender, (O) are not evidenced by a "$ *" % " % "B) " note, chattel paper or other lnstrumen~ (E) are $* < "" "" ' B6 "5 <" " " R e R " " not payable on an Installment basis, (F) are vmld, legeßy enforceable and unconditional obli9atlons of account debtor, and not subject to any setoff, counterclaim, or credit, eflowanœ or adjustment by account debtcf, or to any daim by ] <' " " <" "F 5 " < " " "< " B " " ' < 7 < " % % * B 7 "" acœunt debtor denying liability thef8under ln YitlOle or in part and (G) do not aise out of a contract Ylttlch, < '"" by~ tenns, 7 % ' " %" ! '5 % F " " " $ <, " >" " $ forolds, restricts or makes void or unenforceablethe assignment by Borrov.er to Lender of the account; "E d "" %< "" " <' " " """%'+" "< <"O "< " """ """* """ "" Q / "R! ' {Il) "Eligible ? < Dáry Cattle' " ' means mBJc cows. %<" dry cows, % breeding bulls, " heifers. aives arid other dalry B+ cattle (A) ovmad by Borrower (not Including Ekrrower's Interest ln any dliry cattle, If any, vmich are~~ F " " M" B, + ' $ <" % ' 7 7 5 % #" "" "> """"""' " B """*"" " % o1herwse ecœptable to L..end9f; (E) " " "" "" """ ;- means Ac:coonts Reœlvable resulting from the sae of Deferred : Milk Accounts ßeœlvag~· (iij "Eiglble fkJi + "*% "<* R" ' ""$ " B " ' W ""< 7 % # " " $ a first priority perleded securtty Interest ln taYor of Lender, (C) ere not subject to any Lien ln favor of a Person other $ ; Lender; $ % ' acceptable to > % th!Vl >" '%" Lender md B (O) otherwise E B " " FK F ; /LD+,E: EXHIBIT V 263 8 BF " Crv) e feed, feed Ingredients, and "" "" ' " F '% "= "§igil¡le Feed lnwntor(' means graln, siage l and other roug age h finished feed normally used for feeding livestock ~Ich is (A) o\Wled by and ln the possession of Borr0'M3r, (B) subject R ! "" < 7 $7 =+ " N"" B- " < * '' ' , ""B, to a first priority perfected security interest in taYor of Lender; (C) not subject to my Lien in favor of e Person other than $ R%'$*% % <* " $< "" 7" "% B $ "e $ "<> 5 % # " " % lender, B? (O) K not '* % " " ' spoJled or otherwise ln a condition ' unsuitable 7 %" for feed ngi llvestock ; im (E) N ' ~se acceptable to ; > % " B/ B5 """"" " " "" F"" """"" " "G Lender; > (v) "Eligible Investment ln Growing Crops· melllS actua cash expenses Incurred ln connectioo Yith the production of crops, ' **"5 <" % as~ by Lender, *" " " ="" "" " no( Inducing depreciation and one-time developmen t costs and < " *' expenses lnCIJT8d n connection with the prrxb:tlon of crops hinested; In 5 " % "*'" vestment to be relieved as crops are hBIV88t9d: "; (vi) B + (vil) B5 " " " '$ 'Eligible Prapald feed Expenses' means the IITlOUnt! *% * prepaid $ 5 % to vendors *$ ]; acceptable to > Lender fOI' to > % Lender; 8 8* ; N $ * % ' 77 the purchase of feed "" ' commodities acœ table p 'Re ated l fayables:' al other of F"" " "" ""* " " R" means trade account payables or unpaid costs Collateral included ln the Bom,v,mg Base, and the amount of aD Liens on that Collatera; and F$ $ , % $ ' $ "E > " ; ecqulmg the B5 (vi iì) 'Y.il!1!§. ' mems: F %"" ; (A) 'Mth respect to Eligible Dairy Cattle, the value 8COOfdlng to Lender's Bthedule of values, or if not $ % '* $ / ? R< 5 " " "%' '"% "! B- lnduded on any such schedule , than es determined by Lender; Md " <" ' "" <> " 'Mlh % '" respect to Eligible 6 Food + 5 $N< Inventory , the ' K lesser 7 of ! K market 5 value ' as d" determined < by > Lander, K or (B) $ $ / B, Borrowers '$ cost $ %" determined + ln e " % manner "*$ acceptable $ to > Lender. , $=" %' : , 5 "% " ' " "" " " <" "" , " " , , ' %*"* ' ' ' Q " reœlved by Lender ln accordance with Section 4.01. /d l The Borrov.i ng Base for purposes of subseq ent u LoMs ~ be % " <>- % "% F (e) B The Borrovting Base for pt#POS8S of the Initial LOM ¥All be determined by the Borrowing Basa Certificate de!&f'mined by , " W Borrower , subject "5 " W ""' hO'tll8Vef, to adjustme tsn by > 5 Lender ' $" ' " $ conscstent with Ihle agreeme tn Each > 0 Q ' 7 $ Looo Request for a / " < < %" Loan Ytil be deemed e representation by Borrower to Lender that the unpaid principal balance of the Une of Credit after the > " "*%"" $ ' %""" * * " 7" $ % "%" requested > Lam w.ll not exceed the maximum " $ F ' % " amount of the Une of Credl1 under Seçtioo 1.02. 1 "$" " *"5 " Notwithstan ngdi the provisi nso of 1 " "" "" 5 Q this section tò the contrary, > $" < ' *F+ + "$ <> "Q " 5 %"> "" , ="( Lender may as a precondition to any Loen reqre U 8orro'Mlf to deliver to Lender e current Borrowng " '' $ " "% %< 9 """ """"" """""" "" Base Certificate. , ' " R $ 1.04 " % " 7 " "" W " Loanp under ttJp Une or Credit >Loans under the Une of Creärt are subject to~Une of Credit Is e % 5 5 revolving %" line $ G of aedlt; and " " durtng the -5 $<# % " Availab ityil Period, subìeCt RevoMna Nature. The : " % 1.05 ) to the terms and conditlons of this agreement, Bomlwef may repay principal amounts and reborrow them. "" : "" "" " D $" """" """" F ,20F& , "" "Q""*"" "" """" """ ' " "$ """" $"" < "" "" """E "R " "" " %" "* % "" " """""""" % " "" 1.06 ln!t!:n.1. The unpaid IX'lnclpal balance of Loans under the Line of Cred t 'r v.il bear interest at a rate equal to the one month UBOR plus 3.000% per annum, Adjus1ed on the first day of each Une of Ctedll Mont,h ~ UBOR detemúned as " " " ,20* '8 \* 5" " - ' "R < $+ " $ of the date of the respective Adjustment, or if the dala of the respective Adjustment Is nota Business Day, then on the Business Day Immediately preced ng i the date of the respec:tlYe Adjsutment (the "l!BQB IQStexed B@tej. : The term 'Line of Qßld ü Month" means the one month period begnng ni on the first dey of the càen òa' month lrmledîatefy foUo\wlg the Closing Date, and each successive one modh period. = F""" Payments¡ Maturf!Y Date. 1.01 Requ redi (a) B Borrower sh~ pay accrued Interest on the Line of Credit on April 1, 2011 and on the first dey of each month /"" * < " " " $ " " $ "" " < " after the Closilg Data to the Maturity Dae. F ' " """ Borrower shal pay Lne of CredH * " " + >F'2U prtnclpal ln the anoent of $11 905.00, , on Apri 1, 2011, end on the first dey (b) [ " K " < , "% * < " B of es=h rTlOfih lheraafter to th e Maturity Date (defined % herein .) $ "$ """" '" R$ " <" """ "" ' 5<" Loans under the Line of Credit Yiiil evidenced by this 91Jreement and a promissofy note a "" . be ln + = fonn provided by Lender (the ~j *% 5 <> F Jose O. Valada:> ?E F Credit~ 2 264 " ARTICLE 2 •= 2 /1-1:4 COVENANTS 0/&-0?+1& REGARDING :D/ THE >2-14 LOANS -0:+ >/ 2.01 Loan Requests. / +> "5 " * " % 7, """ R " Each Loan ~ be made upon the request of Borm.er (a 'loan Request"). )8"" Each Loan Request (a) must comply with the requirements of~ (b) et Lender's optloo, rm.ist be reœiY9d by Lender before 1 :00 pm 0 Q " "* <" % """""P %" *$ "" " F>" $22*" (Callfomia time) on a Business Day Yttilch Is not less than one Busiless Day prior to the òate of the Loan; and (e) must specify B R " '""?+< = ' " " , '$ <*% " $ R" " " "" " "" " > the amount of the Loan. 1 > "" " " '$" 7 % > "" + " " "0 $ No l.OM will be made H the Interest rate for that Loan WJIJld exceed the Maximum Rate. / > " Each Loan Request wil be lrreYOCSble. > %" <*""" $ "<""" " $""% < < "" %"Q " Lender may postpooe makklg any Loœi to the extant Lender is delayed by flre, earthquake or 0 Q '' " % "" " "V 1+""" " ""'> " " "" "" K another clrcurnstimce $' outslde > % ' Lerider's " ' ' reasonable " control. 2.02 Computation of Interest. All computations of accrued Interest under the Loan Documents other lhlrl witerest et the Maximum Rate, and al computations of fees under the l.OM Documen1s, wiO be made on the basis of e year of 1 " $ N " "0 "*" ' ' > "? 5 " ' 7 < % 360 days for the actual number ôf clays (lncluclng the first day but excluding the last day) 8'apsed; im ell computations of 4 <'7"" "" " 7 <' %'$ < $ """"" '<1U """' 7 lntarest accru!ld et the Maximum Rate wiU be based upon a year of the actuel number of days ln the respective yea-. 4 $ Subject to % '$ " " "0 E' " " 5 " "* 5 " Section 2.05, there is no fi mit on the amount that a rate of Interest subject to Adjustment by Lender may increase et any one $ " % $ time, or ln the aggregate . Lender's determ!nlilon of a rate of Interest wlU be conclus/ve, absent manffest error. F " 7 """" "" ' $" 7 '$" "" R" """" " "" " " "" " " < ' $ < F ~ To lhe extent p8t11litt8d by Applicable Law, Borrower shall pay a late fae in lhe amount of 6.000% : " $* "" <-**R" , "% * < " " ""$ R " R payment of a late fee 'Mli not constitute a waiver of Lende~s rights ~ respect to an Event of Default as a result of that lat& * <" " """ % """"" $ 7 "' "" 8 2.03 of the amount of any scheduled payment due poor to the Maturity Date that Is not pak1 ln fufJ ~n due. : "* " The Imposition end "" $"< *"" "" "" " "*"" " Q """ """"R" E " "G B 5 "% '* $ other Obllgations, 10.000% per annum. + " * < "" ? $ 0 * $" " " $ Interest payable at the Default Rm shall be paid from tine to time on demmd, or Hnot " " ""' " " sooner demanded, on the first day of each month. The provisions of this sectloo may l"eSldt in the col1l)()Urdng of Interest. : The "" " "" R%' < " . provisions ot this section wll rot constitùte a waiver of any Event of Default. """"""=F "" " "" " " " "< F' 7 "" """ " "" "" ' "$ """" " ) 2.05 "$ Maximum Rato: Notv.tthstBndlng any provision of this agreement to the cooray, (e) no Interest 'Mli be due ""F "<*"@D 7 ' """ " B "5 " on < any amount due % under $ ' this % ""$ agreement D If, % under -**R" Applicable > Law, > % Lender Is not * " permitœd to charge + $ % 'K Interest on $ $ that amoun~ +' $ $ % and (b) in all other casas Interest due under this agreement VllD be calculated at a ra1e not to exceed the Maximum Rate. If B R 5 ' ' " % '$ %5 " % "" " " "" " + N ""0 $ et · a rate greater than the Maximum ~ Is requested by Lender to pay Interest on arr¡ amount due under this agreemant , " "Q" 5<> % $$ * < $ "<" $ ' % " $ "$' " $ %""" " Rate, the amount of Interest due on that amount will be deemed Iha Maximum Rate and ell payments ln excess of the Maxlmum 0 R ""$ 7 7 "'$ "" $" "" " """"" "" " " N " " Rate 'Mli be dtlem8d to have been Prepayments without prepayment fee or penalty, and not lntaf8st. " ' % " AU amounts ottier than · """""" *" *"*"" " < " " " intemst which are paid 01 agreed to be paid to Lender for the use, fort>earanœ, or demntlon of Borrower's lndeb!Bdness lo " ""* % " $ * $ ""%""" % " % $ $ " " " '' Lender under this agreement shall, to the extent permitted by Applicable Law, be amortized over the full stated tenn of the > %" %" ' $ """ """ " " "" """" (" " " """"" "" indebtedness, so that the rate of Interest on account of that Jndebtedness does not exceed the Maxlmwn Rate for so loog as the 1 ' "" " $ $ "$" " """ $ " ' $ "" " "0" 7 %' " '" Indebtedness Is outstanding . " " " . . All pa'fffi8llts of principal, interest, and other amounts k> be made Method @'(I Appllc:aUon of Pmnente under the l.oall Downents shall be made to Lender ln U.S. dollars and ln lmmedletely available foods, 'Mthout set-off, "" """" " """ """ """"" """ 2.08 deduction, or counterdain, not lat&r than""" " """"""""" "" "< 2:00 pm (Callfomla time) on the dates on v.tlictl those payments~ become due (œ,y "R "%" % " be. deemed to have been made on the next sucœedlng Business of those P8)fflefl1s made after the time on the due dalB Villi " ' * <" """ %" " "" "" " "" " " " , " Day}. - * < $'" 5 <" " "" "" "" " *" % 5 """ All payments rllC8ived by Lender (Including, to the extent pennXted by AppBceble Law, ai proceeds received from the sale ? < or other Bquld!ltlon of the Collateral) \\il be applled to the Obllgatlons ln any order detennned by Lender. F 5 % " " The earfy or late date %F 2+" F + "2 F" < % % %" < % of making % a regulaiy $ scheduled * " $ " " payment \lllO be disregarded 7 % for * %* ' ' purposes 7 M of allocating the * <" $ payment $" between * * prlncipa! end 7" interest. this purpose, the payment will be treated es though made on the data due. "< " %*" "" ln any legal action or proceeding, the + $ % '$ For 6 % ' %*" * <%" $ $ " " "" entries made by Lender ln 1r1 account or accounts ma!ntelned by Lender or Rmobank lntematlonal or any of their Affiliates ln " '" <> "" $ % '" $ " <> % %0" "! " "< 7 -" '" eccoroanœ ¥Ath Its usual practice and evidencing the Obligations, wll be prima f8Ci6 evidence of the existence and amoun1s of those Obllgatl<)ns. " ' 2 " F" "R'" ""F 2 +F ++ *" " $" " " $' 1F 21="" 3 265 ) 4 > % "< $ "" "" ' " 2. 07 Jmfgnated Account. So long as Lender has any obligation to make Loans or any Obligations _under the Une of Credit are unpaid or unsatisfied, upon lhe request of Lender, ~ shall mainl.m a demand deposit account~ " " " * %" R'R "* " F % """" 5 " $ " * ' " "" ln good standing. $ **R '$ 5 " " the l...endSf shall > R F$ "" the set by, the proceeds " "" " "! Q ' > " %" 5 """$ " R" " "" # <" $; F" themafl:er "melntail + the 0 "" 'Mil $ sufficient funds 7 ; ln Designated - $ on > % entBrn d$ K ? $ Account - D # <" "' Lender $ dalas tnkia!8 ACH Payments, BOITOWef the 7 % + · fees, ; if any. 7 ' ln debits for ACH of regularly scheduled payments + R $ funds - D Payment " <" K interest, principal, $ % llré $ insufficient # <" 7 * and * <" $ of "< If+7 there ? ' -" " >" % "< R <" " " " <"5 "" " the Designated Account on the date Länder emers ooy debit authorized by this agreement, Lender may reverse the debit 5 % to > % an deltver $ Lendèr - D $ $ ri " "$ , % " ' Bonmwr agrees to upon request by ACH Payment form and content * > % execute and # <" $ euthoriuiion < lender, satisfactory to Lender. Subject to~ 2,05, all rates of interest specified ln this agreement shall be tncmased by 0.100% per ' "" K% 7 E " * R " " ' < 2 *" annum If Borro'Mlr does not maintain the Designated Account ln good standing. "D, "% " -F U + / "" ">" "" "" "" " CF ' +K " ( 2.09 PrepaymentJ Qenerafty. Lender may refuse to accept eny Prepayment not expressly permitted ln this %""7 ' *$ "* < "$ " <* " "$ ' agreement. If a Prepaymen1 is conditioned upon prior notice to Lender, et the option of Lender, (a) that no!iœ VI'!'!! be !mlYocable; (b) a Prepayment Viii be due ln the amount and on the date specified ln that notice; and (e) that notice Villi not affect Borrower's B #% * <" " " "" " R " ";" B " $ 5 "% >" %' "" *R o bllgatlon to make aD other payments rec¡ulr8d Wlder the Loan Documents on the dale Yttten due. Lender &hai I have the option · of malting any Prepayment subject to payment of a!I amounts then due Lender under this agreement. Each Prepa)ment of a / "# * " portloo of a Loan will be appliad ln the Inverse ocder of maturity to the most remote payment) of the principal due under this * 7 > 5 + R B "@ $" % % K" "" " "'$""""""" * " agreement. 7 '" %%"< 7 *$" %; " $ " " """" "" "" the date 'Ml&n Lender YiOUld be obllgated to accept the Prepayment, or the date the prtndpel amount prepaid ~ be due under this agreement, Y!ilk:hever Is earlier. (("" " R "" "" * > """ " " G "$ " "5""""""" "" " """" 7" "*" W $ * " """ " """ "$ o.e. IZY " Q"> " " " """ R $" $ $ F """" "" * " """ " 2. 10 Maocfatory Repayment,. If $"< %" * * * " 7 """ " " at !l1Y time the unpaid principal bahrlœ of a Loan exceeds lhe maximum MlOIJTlt " " %"$ " thereof under the tanns of this % " $ agmement, then, Lender, Borrower ahàl repay that portion of the ' " * demand " by $ upon < % principal baifrlce thereof ln excess of that maxinum BIT'OOnt, " ab'lg 'MIil all unpaid accrued Interest on that portion. " """"$ " R " """ " " " D " "" %R 57 """"<" "" "" "" " """"" """ " """"""" "" "' " 2.11 loabfllty to Determino RaJn. If, 11 eonnectkm wtth any Loan bearing irterest st a rate to be delemllned in whole or ln part on the basis of the appllcable LIBOR (a \!BOR Based Rate"), Lender detemines thit (a) United States dollar . F"" " $ "!' " > """"!"%! $$ " ** " " GB "" deposb a-e not being offered to banks ln the London Interbank market tor the applicable aroount of such Loan: (b) adequate and ,20, 0" ' reasonable means exist for détermlnlng the appl'lcable LIBOR Based Rate, or (e) the applicable LIBOR Based Rate does %B *Z "" % " " ** > ,20 " " do not not adequately and falrly refled the cost to Lender of funding that Loan, Lender~ prorJl)lly 60 notify the Borrower. Thereafter, Q %< 7 <% >" % > " > "" <" 7<"' " the obOgatlon of Lender to make or rnalntail any LOM bearing Interest at !tie applicable UBOR Based Rate shall bè suspended > %$ " " < " % Q $" $ ** ,20, ' '1+ '* R > +"%" ! ' += until Lender revokes such notice, and aJi Loans which \IIIOUld otherMse betY Interest at the SP!)icable LIBOR Based Rate shall eccrue interest at that rate, per annooi, equal to the greater of (l) the Prime Rate plus 2.500 or 00 4.000%. "" I"" F " """ " ""*" '"" " " """ """Q " """""""" ' " "* " 8= COLLATERAL AR1lClE -0:+ >/ 322>>-:/0-> The payment and performanœ of the Obligations are secured by the fol~ : * " " "" """ " """ " 7 ; (a) atJ Llsns ln favor of Lender created under (l) the Security Agreement dated as of the date of this agreement " 7 " $ """" "" " " """ """ between Lender and Borrower; and (ii) arry other Instrument or agreement delivered to Lender ln conjunction v,;ih this " " "" <""" "' """"" " " agrooment, Y!ilìch statas that it secures all or any of the Obligations (the ~ enannbered by those Liens, the Toflate@I;" "" $" "" "< " R"B "" <"" " U B """"" """ "" " " " "" and those lnstniments and agreements S8CUTing an or any of the Obligations, the " " " $ "Co!!@teral Doouments"); and (b) all Liens upon and security Interests created under any other den Instrument or agreement stating > * ' "< $ % < " """" " $ """" B e~ thai it S8CUT8S all or any l)Oftk>n of the illdebtldness, llabiities or obllgatlons of Borrower under the terms of this "<* " " "" ' + R '" R R ' """% "$ " " specific agreement. ""; ? 5 O 4 266 .e E= CONDJTIONS -0:+ >/ 4 21?+:+214 ARTICLE 9 Fe " " """ su~ect to "%' " $"""" ; .U 1 Condition, of lhe Initial Loan. Lenders obiga1ion to make the lnfli al l.om Is Len de r's sole % ' N " " Borrower has executed and delivered the Lom Doo.ments to Lender; il'ld Lender nas executed this "" $" " " """ " ' " agreement and all other Loan Documents to Yttlk::h Lender is a Party; (a) B " """ " 2 7 " " '" 7 "$" (b) Lender has received ev!denœ s.atislactory to lendOf, of (i) the foonatlon and existence of an Parties to the B > "? " E"$$ %$ $ % $ of loa'I Documents other than > "" "" "<"$<"" " " Lender, and except ftx' MIY Party that Is M lndMdusl, (ff) due authortzatlon the ildiv!duals 2A B/ executing the Loari Documents on behatf of those Parties; · """" """""""""G "" (e} B Lender has rèœlved aD eppralsals and Inspection Lender, in %" a form and content % Q % by <> % +" " repo,ts required " $ > % '% " *" (d) B > % ' , %% Basa Lender has received a Bo~ng ""; "" """"" " "" '""" " satlsfactory to Lenoer; F $ " ) " Lawsl.eoder B"" $ 8; "" %"% ""%< " Certificate: {e} has received evidence salisftdoly to Lender, that Borrower is in COlll)l1anœ ~ B Environmental > ' (that evidence, the "Environmental lnformatlon"); all applk:able **"5 " "" F " 5 (ij Lender has received evklen ce _ satisfiK;by to Lender, that all regulaloJy approvals, Permits and icen ses B requiud lllder Appilcable Law fOf Borrower's business operations heYÒ been Issued ood are ln Ml forœ ·and effect; % Q E """""'"""R" """ " D " 7 G (g) Lender has reœlYed evidence satisfactory to Lender, thit the Liens gramed to Lender imer the Collateral """ 5 """" """ """> % "" " Documents are va5d, enforceable, properly petfected, and prior to the ri¡;,is ood lnlerasœ of al other Perrons, except those ? " "5 " 7 " $" '"""" B " E """"" " "" G rights and tnterem . acce~ to Lender il its sole ci&cretion; (h) B F R %$ R " E "Q E under $ % Lender has received evidence sallsfactory to Lender, that all polícies of Insu ranœ requited the Loan %$ > Documents are rt full force and effect and~ premiums for those policies heve been pak1 through the date requlred by · Lender; ? " " " "" 77 """ * " "* D " "" " <>= (i) Lender has received, at least 5 Business Days prior to the Closing Date, all d oo.mmtatlon and Oth8f F " 5 W '' 5" " "" R " R " % & + % R" F F " "NN< lnfonnation reqlÍl'6d by bank regulaby authorities under 1:Wicable "know yoor customer 1aws• and Anti-Teirorisin Laws, "" " "" " "" " """""%""" """" *"""" " " " "" # $% $ - G includilg the 4- U.SA Patriot'Act; {I) B? all representations Md warranties of al P!Wties other th!Ml Lender ln the l.oM Doaments are true and (k) as of Iha Closlng Date, " "" " %"$ the fòllowing shaD be true and correct: " $ F"?" %% $ B $ (I) B+ " " ? " has occurred ooil " G no Default or Event o1 Default Is continuing; and ? 7 %/5 $ K """ '"" "" R "" " """ %" "" < " "/ " (i} no event has occurred Sid no co nd ilion exists YAllch has resulted ln or could reasonably be B or lr\'the aggregate, a Maœria1 AdYerse Effect; 1:11d expected to result ln, lndMdually F < % M " " """ $ " " F F """"" " """*"Q " %$ " flOngs, (I) Lender has received all o1her documents, + 7" R R ' consents, approvals, legal + K opilions, ' 5 " K > % * lnfoonation "5" certificates, B+ and preconditions $ Q '$ requested .by Le!ldef.' · · other " ' ' < > % "; FG """""""""" , " """""" "" 4.02 Addltlonal Loans. Lender's obllgation to make each~~ that on the Drav,down Date: "" ; 9 (a) B Is subject to the condition precedent E + Section 2;011: % > Request dB" ln l.endef ' shall reœllle a Looo 0 Q (as B ' defined """""""" " "" ""; UFF 2 "R '$ > " {b} the fol~ng statements are true md correct (inf Borrower v.ffl be deemed to represent to Leodef that the B folowing statements are true and COfT8Ct) as of the DraY,oow, Date: (i) !he reprasentatlons and warranties ln the Loan ? "" $' " " " ""; fault . or Ewnt of Default has occurred arid · remains Documents n irue and correct as though rriade on that date; (il} no De B "2 7= $" $ '"" oocured or would.result from the acldltlònel Loai; (ii) them has been no ädYerae ch enge in the frlarda corìdful of Borrower or ln the condition of the Collateral ci,any material portion thereof since the effectiye date of this agree ment th et has resulted in or " " " "" " % could reasonably be expected to result ln a Materiel Adverae Effect; (lv} the unpaid pmcipal anooot of all outstancftng Loans " "" %< " " - 5 "/ 5 * *% * +F 7 "E $" under the tine of credit facility under Milch those Loans are made, together v.ffl1 the amount of that eddlt!onal l.ooo does not % 5 % 7 "< $""""" " $" " """ > " ' " exœecl the maxlm1Jm emoont ~ under the ten'ns of ttvs agoomant; 8[ld (v) ~ has reœtwd duly executed Lien "" " """"$ " "" " ' "" B5 , %% '" @ "< N " " F% R waivers relating to " '" " $ % " M' mechanic's Md matàrialmen's Llèll8, form reqù~ by'Appicable Law, from each contractor, " rt the " "" %* < *" subcontractòr, material man or vendor ri each case, 'Mlh regard to au work, services and materials for which payment ""40 be ' $% %" $ " % " N ' " (% " $$ " """'7 " 5 " " $ mede from the proceeds of the Loan or for ~ ~ has already been made prior to the Loan Request; and "" % % R " " > " """ ' """"""7 "" ' " """""" " "" "" " " " " " " ' " "1 %""" &F " > "0 Q '$" 21^ "" 5 267 "" > % sha!l " 5 "" certificates, filings, (e) Lender have received " all other "; documanlB, " approvals, * ' 7 "' consents, opinions, **"5 legal other " $ % " ' Information and precondltnn! d requested < by Lender . > % BB F= )= BORROWER 0/#0/4/1:-:+214 ,2002F/0 REPRESENTATIONS -0:+ >/ 5ARTICLE and after the date hereof wid until such time as all ObPgetlons have been paid ln " " " " R"" D2 +U '" "* ) E 5.01 • Representations. From " " "" " "W""""" ","> +"$ fuU and Lender haa no obllgatbn to make addltlonal Loans, Borrower represents and warrmts to Lender that C!" R"" """" '"* 5" F "" " state "" """ """" " """"""" $ """ state "" " """ G (e) If Borrower Is mythng other than an Individual, lt has compiled 'Mth all applicable raws conœm!ng Its B organization, existence and the transaction of 11B business, md ls ln exist8nce and good standing ln Its of organization and each ln ~ lt conducts its businesa; (b) B the execution, delivery and perfomaice by Borrower of each Loan Document to \lltllch lt is a party, ls Mthln " R" R %< * " < "% > "? """" " * " "" """"""""""G Iha powers and BU!hority ol Botrower and have been duly authorized; and the Loa, Documents have been duyl sxscvted md . " " "% $< "$" " < "" G " ? " " " < " " dellvered by each of the Loan Parties thsreto; (e) B " " confict with not -** Law; $ , " M' to Borrower's k~. ? "$' do "" any > Documents ! the $ Loan < Applicable > (d) each Loan Document to ~ich Borrower Is a Party is a legal, valkl ami blndlng agreerrent of Borrower, > ? ""$ " , "% # < ' 5 " $ " B eniorœable against Borrower ln ac:oordance with Its terms, and any Instrument or agreement required thereunder, v.f\en " executed and delivenld to Lender, 'Mil be slmllaly legal, valid, binding and 8flfórceable; , " 8 ; " " J "< "" % " "" "" " FFF/F F 3 F F FF ; " "Flnanáal I F /"" "" " Q"""""" "" R " "" """*"" " forms $ $ " $' $ % $ and B" "" lnstl\J (e) al l financial , docume ts,n men1s, Information + 5 R statemen1s " 11\d other reports " of evldenœ B % any $ Lender > '; i $ Collalsral, B$ % or % to concerning Borrower, the or % "'$" circumstance (the infom}atlonj , deivered n $ fact < other connection v,;th lhls agreement, are accurate, correct and suffdentt,, complete fn alJ material respects to provide Lender true and >" % accunie " "" knO'Madge $ % of their subject Including, $ $ 'Mthout liC" " mitation , al l mat&rta! contingen t iabUlties; $ $ " 'G " $ matter, 1 * ' "" there has been no event or OCQ.Jrrenœ \lltilch has reslAtad in or could reasonably be expected to result ln, ' "$ """ ''" "" "" 7< "" " " % ln of 6 lndMd alu or Material Adverse Effect the Flnancla l I " nformation provided + the + aggregate, / since ' the $ effective " deœ $ *% 5 to < @d ' " any (ij B+ Lender; > % , "% " "D "" 5 F *""=" " " R '" , "" """ """" "" " """" "" """""" ' "" " <=* " '"" (g) Borrower has good end marxetable title to, or a valid leasehold Interest in, all of Its property and assets es B( l Information provided to Lander. Such assets end properties are subject to no Liens and Borrower has re1lecied ln the Flnancie compUed v.ith all material obligations under all material leases to ~Ich lt Is a pat)' and enjoys peacefu l end undisturbed possession under such leases; " " " " """ """"" " "5 """""" (h) B the Collateral Documents are effective to create, in favor of Lender, legally valld and enforceable secortty Interest each appllcabla Loan Party shaß from lime to time have ln the Collateral and such Interests ln sucfl right, title and + " " " " + " """ "" """"""" """ ' security interests to Liens and to Md 81 end " "" "" """ """ " "# """* """'" to Lender sole Each Parties nas deliYered to that """""""" "" """ " "" " "" " possession has the perledion """" """ """" R """"" < "" " " are subject no are prior the rights Interests of other Persons , exœpt those rights interests acceptable ln Its dlscmtlon . of the LDan property Lender all Collaleral end authorized all fiJng md recording by Lende r required for requires of the S8Clrity interests by perfection of the security Interests by fifing or recording; * " """ <$"" < """ ; - / ; " """ """""""" """ (I} B+ Bo!TO'Mlf ls not the subjed of any Judgmen~ end there is no fawsuit, tax clain tx other dispute pending or lo " " "< " $""" " $" """ * $'* "" % Borrower's kJ'IOlM8dge threatened agailst Borrov.er that, If determned adwrse to 8orro""8r, is reasonably likely to nave a F "" Maerial Actverse Effect; O} the Loan Documen1s do not conflict~. nor Is 8orro'M3f ln clefault i.lder IWlY agreement or emw,gement ln ? " $' "$ " " " "" " 5 %"< Q"" "" " " effect providing for or relallng to extensions of credit or other Indebtedness of eriy Niure in respect of \lltik;h Bo/ro'Nef is il any " 7 "5 " " " "" " 7"< " % '* $" "' " B C"" mMner drectty or contilgeritly obllgB1ed; d" "" G "" "K ( " Boíl'O'M3í has filed all tax returns (federal , state, and local) required to be filed by BorroMr and has paid al I (k) , " R ""$" '$ $ Z "Q " $ R <8 %%"" '" B+ ngi Interest assessments, and governmental charges + $ % K and " penaltlee; D " includ + levies + thereon, % " ' and " G taxes, $ N ' Borrower Is ln compliance 'Mth all Applica.ble Lews (lncludlng all En-.,ronmenta Laws , ) 111d there is no claim, , " " "" " " " " " " " """"""R""""" action, proceeding or iwest!Qation pending or to Borrower's kno'M8dge threatened against Borro'Mlr ....;tti respect to e Wlla!lon of "R "* % "" "" """""""" = (I) B+ any Appllcab!e Lew (lncluding any Enwonmental Law) by Borrower; 21] Jose D. Veladllo Crecit AQroomenl 6 268 I " (m) to Borrower's kncrMadga, no > "# < Loan Party ' has $ '$ treated, '$ " stored, " %0 " use "# % ' N *D 5"" ' """" OV111ed or leased by the Loa, Parties (except for illY8ntories of substances that am used " "< *"%R 5 E ; or to be used ln the ordinary course of busill8SS of the Loan Parties (~idi inventories have been stored " " " " and used and wastes 2 " % < " $" " " # " ' + " 5 " " " """"""" '* ' D disposed of ln " " material * coßl)llance v.iD all ** E + applicable / 5 % " $ EnvirorunenlBl > 'O Laws), ) and % there are no " undergro dun tanks, M " surface !' Impoundments or lagoons , "1tlether operative or temponriy or. permanently closed , asbestos-œntBWng materials, or PCB * ""Q% " "" "R " * < *"" ' containing equipment located ln, on or at any of the properties or fadDtles owned or leased by the Loan Parties: "" Q """ % $ < $ *% ' % '" % <" ""R G (n) B *F< R " " " " "N" " $ $"R " " Borro'M3 r has previously deüwred to Lender each environmental audit, assessman t or Íwestigetlo n report ln , $ " the possession or contro l of any Lom Party v.nich hM been prepamd by any party during the 5-year period preœdlng the C " " 7 ""# %$< " *"* % <"<* %$< %* " *%" " Closing date relating to envlrmma taln oon (o) B , =" "; 99)"" Borrowe r is $ nòt E"" a "forel9 n * %' E person"~ meaning d4 $ of Section 1445 of the + $ % Internal 0 5 Revenue ( II ; Code of 1986; " the " "' {p ) B* BorroMr Is not an investment company" as defined $ ln, or subject to " " regulation R$ ] under, the + 5 '$" $ Investment , ""% ' "5 '$"" "* 7" R" (q) BQ no > Loan # %$< Party +; is engaged *$ * < pfindpally, % or ' as one 7 of $; Its +"* " Important ac:tivtties, + ln $ the ' '' bus!ooss 7 of N$ extending " cred~ Compatiy Act of 1940, as lffllllded; "* ' Laws and the ' use of the *% ; proceeds $ of ) F'" $"<" """ " , F {s) no > Loan # < Party % or < any - R $ Affiliata $ % 7 thereof +' is + ln 5 $ violation K of < any Anti- Terrorism B $ violate <- =: '" any Anti-Terrorism > " Laws. the > Loan < by Borrower $ ¥.,li not 5 $ 5.o2 lnfonnptfon AccµJ'8te and Complote. Borîo'M3rs submission of any Bom>\wlg Base Certificate, report, record ()r other Information pertanng to the condition or operations , financial Of otherv.ise, of Borrower, from time to time, %( CK % R % * %" $ " " *" "W" " " R "$ % "R" " " v.tlelhet or not reqvlred under this agreement 'Mli be deemed accompanied by a rej)resentatlon by Borrower that the report. F % Q % $" ' " " " "< "" < ""%""" record C>r information is complat8 and accurate ln all malerlaJ raspeas as to the condition or operations of Borrower (and, If " ""R '" ""$ " K" ' " " * " " 7R "B appllcabie, , % " Borrower.a Subsklerias , Affiliates , $' patners, ' " %' sharehold81'8 , "" members, d $ % or other "" principals , } Including, "K v.ithout linlatlon, +** "" all materia contingent Oablitles and does not omit to stalli my rnàealri fact neœsw, to make the Informatio n contained therein " "R"""" "R"" "" """"<" R N"""""""" "" misleacting . · 4 ! $ R $ F F "E B; ( ARTICLE ) 6 = - ,2002F/0 BORROWER 2 /1-1:4 COVENANT S -0:+ >/ Until such tine as D+ all 2 $ ; Obgations li have " been * pad + ln 7 ful + ln ' cash > % and Lender ' has no $ obfigatlon to " ! make additional Loans: " 'K ""; $ 5 $ ' , " " "' 6.01 Dpbt. Boíl"O'M3r ' shall heve no ootstand ng l and &hai K not %"< " 5 "R $R R ' incur my direct or contingent lìabiities % or ' lease ' obligations, % or guwe tyn 7 of the D ! ' li abilities " ' of others, N *$ except " the @% ( follo'M1g K If not " ' cthBrMse *" prohibited % under the > " Loan Other ~ " $< iabilties and oblg£ilons to Lender or my of lis Affiliates: (b) normal trade cmd~ not more then 90 days past due B(e) R > % %"< D$'-7R ";B "" E $ $"" ( <'* or being contested ln good faith by appropriata proceed lngs: (e) If an individua!, add " ' 7 ilion al debts es an lndivid u al for pnmarly " '$ " < **% *$R F ' " "" consumer purposes; (d) lease o~a!loos or debt Incurred for the pu-pose of purchasing equipment used ln the onftla-y ccuse "" %* ' 'G/"" " % " 7 " " 7 " Q !*" """ "" of boslness; end (e) other liablities end obllgations ln existe cen on the date of this transactlon end cb:losed ln the most meant $% ';]BQ " R '" " $ "" " '""" ' " " " " 'Y mancial statement submitted $ to > % Lender . '$ $ " $ ' " $$ 6.G2 Other Lient; Borrower shal not creale, assume or suffer to exist ooy Liens on the rights, tillo or Interests ln <] , "" " $ "" ' %"" "<" "" R %" " I , except the to!lo¥.1 gn If not oth8™88 prohibited under the l.OM Documents: B (a) '"$" % 7 ""< " Liens in favor of Lender or arry of Its Its property %$ "" " ; "* "* R 1 "$ " *" " ' " "; Affi •;l (b) D If an Individ ,alu " '; adcftlonal Liens '$ against " the * " K personal '' $' assets 7 of that " Individual as " en lndMdual , $ to ' secure ""; debt for + B pmiarlfy consumer purposes; and (e) Uens for taxes not yet due. "G" B """ <" 6.o3 Sale of Aatett. Borrower shall not sell or trmsfer ooy business or asse1, exœpt the folowllg if not "" , "%" $'' 5 " "<"R"'' %"$ "*$ " "$ ; " : (a} sales or transfers of lnvento,y ln the cxdlnary course of business and (b) sales other"'4r;a prohlbl!Bd by the Loan Documents B ' $% '7 " 7 5 " <" " 7 "" " " < >"? "'; " "" "" or transfers of obsolete or worn ovt property, ln the ord nary i course of business. %$%"'$ ' 7 ' $"" *% * % %< %' 7 " "" ' $ N$ $ 6.04 lnwttuw}tt. , Borrower shall not "<]; make 5 " Investments K except the tolO'IWlg $ to $ the exte tn $ not olhef'MS8 9 ts:n (a) + 5 '$" $; ln\lestments " made * N$ prior to the $ date " "" of this agreement and ' ' dlsclosed to and approved < by prohibited by<" the > Loan Docume ? " $'; " 5 B) > '; + Lender ln G wrtttng ; B (b) '$"' $' Investments + ln %% $ current 4 ' % '; Subsidiaries; and (e) "' ' lnvestmems + ln certificates of * ' deposit obligations of $ the 7 % federal B " government, readily " marketable " ' securlties . ""$ " " F OJ % < 7 269 ( e ) 8.05 , "%' $" $ " N "" " """"" Lopn1 to Qtbm . BofroMr shaff not make loans lo others except the folloYAng to the extent not otherwise *% % " extensions of cmdit made prior to !he date of this agreement and disclosed to Md B N " "" % " $ % ' ' " approved by lefldef ln 'Miting on or before the date of this agreement (b) extensions of credtt lo current Subsidiaries Md (e) F < " $ R " " $ " N$ ' 7 $ ""4 '"" extensions of croott fl the nature of accounts recelvable or notes reœlvab!e ooslng from the sale or lease of goods or seMC8S ln " " !han the " %< ordlna,y %' COUIB8 of business $ to persons 4 ' % ' and F % ' * ' ; other " tamly 11161l'lbe18, Subsldlaries, Affiiates. *% $ prohibited < > ? =" $'; by th8 Loan Documents: (a) "" 5 "" 7"" " """ "" % " 7 ' %" "" "< " " = F " " " F 4 *""G e.os Books and Records. Borrower shall malntan and cause each of its Subsidiaries to malntan proper books of record and ecœunt Including full, true, and cooect entries of all ~ and transactions rela1!ng to Its md their business and activities on a cash or an aeaua! basis. at the option of 8on'owet, ln all material respects ln cof)fonnity Ylfth generally accepted accounting princjples ~. "" $"""" " "" " ' '" " """+ " $ %"" $ F ' ' %"" ' $ " *R "" +" % " "7 "<""*" F FF6U / )( 6.o7 Reporting R99u(œnenta. , " " " ' furnish ' to + ~ Borrower shall > " $ %"" < """ " "%7" Q " , "5 ," = (a) no later than 20 days after !he end of each Borrower fiscal quartef, a 8orrowng Base Certificate cum,nt as of B " K the end of that Borrower fi8cal quarter; , "% Q " {b) as soon as available. but no later than 120 days after the and of each fiscal year, a copy of CPA Reviewed ' $ " '<'" "" " ' < " "< ""5 " B ' $ filanda! Consolidated statements of ßol'l'()'Mlf' for that period; K " " " "$"" * G promplty any letters and F " " " "" """""""" leltara, and """ "' " " " G" (e) B management upon .sending or receipt. coplas of management sent to or receiYed from Borrower's accountants; coosspondence relating to d other eommunlcatlons regarding K K (d) prcmptty upon receipt. eopi8$ of al notices, % %' or " " orders, % (Q F" *% * < * F ' B < enfotcement B any action by erry G<)vemmantal Authority relating lo heatth, safety, the environment, or any Hazardous Substances with regard to " <"""" - "<""$ " 7 < " F" "D" 4 '" '"" " , %% ; ""< " ~s property, activities, or operations, or (il) any claim against Booower regarding Hazardous D $G SUbstances; ,"" " % * " "" G *% * < {e) B nòtlce of !he occurrence of any of the follovimg, promptly, but ln any event no later than five days aftet such "$ 7 " "< $ 5 """ * "# $< 5 R " " $ % books, m promptly upon request, sf] other ecoounts, * Lenders "" lists of K property !' rBCOTds, statements, "!' > %' " '' *"* < and B " "" budgets, forecasts , reports, recoros or other Information pertaining to the condition operations of Borrower requested by ""+D" """ "* $" ' 5 "" " " " > Lender. K 6.0S '$' "" F$; Of < % $ privileges. preserw R ' ; Maintenance )K gt - AaHtl. %] Borrower shall maintain and *% 5 ' and franchises " " all rlghlll, ^" = $K 4 " % ! * , " Borrower now 'G has; Md " ! make any Borrov.el's *% "; properties ln . % reptaœments to $ keep good % * %' renewals, " " ' or wormg %$ < condition < repairs, " " " 6.09 l,mllord ] " $ Agreament. Upon request by Lender, for any pernonal property Collataral located on real · %"<* " *% * < * " ' <>" $ >- 4SK "" *"* <5 " "$" %' < " 7" " K*"* E <" " % "<" $$ $ '$ " " property, waiving any of thelr rights in the Collateral and permitting Lender's removal thereof from the real property. F" "< 7 % " F F F4F " $" " "" 2 7, "< "1F ""' "" 6. to Exl$nc;e and Good Standing. If Borrower 1s anything other thoo a, lndlvktual, Borrower shell preserve "" """ """ ""E and ma1ntai1 Its existence and good standing ln the jurisdiction of Its formation, and ]Q R7< " Q R " qualify and remain quafffled lo conduct its % " " ' " " " "% ' " busìness tn each jurisd lctlon In wh Ich such qual ificatlon Is required. """ F F " R """" business " " fine + of K not any $"" in " ; substantially 6.11 Change ln Buslpeg, '" from , % shall $ engage " + '$ < different , " Borrower "< material of business conducted by Borrower and Its Subskflarlea on the date hereof or any business subslartlally relatad or R ' 7 " " Party Q M. , %%" Borro'Mlf shall, any reasonable from time to ttme, permit Lender or any of 1B 111d " % " "" "" %" % $ at 7 time " < $' or agents reprosenlliives to examl ne and make copies of and abstracts from the records lVld books of, and visit th e prope rtles % *"' $ 5 '$ N" ] * ' " " "" "" " $ " " *"* " ' E Cit I "$ of, Borrov.er and lo discuss the of Borrower than an + other affairs, " K , "" % Yi'th ndlvlduaQ % ' '' 7 %="" and oocounts finances, 5 officers, B Borrower Is " % directors, partners cable ; Borro~(s fldependent accountants; an d any er person , % * $" "G % Borrower, ' eppll * %' deaing ' $ % , " % as " G " 5 ' or , or % ma,agers < oth . Y«lh Borrower " " F , " Jose D. VM!ldlo 2 - Credit Ai,eement 8 270 e 2 ] 6.14 " lnturance. (a) Borrower shall maintain, or cause to be maintained, * public $<" % " ; llablity ln6UrallCe; aD risk property damage , "%" " " <" ' $*"* " " " '"= B insvnvx:e Polx;les cowmg tangible propmty comprising !he Collateral tor the fuD lnsurabla me on a replacement cost basis; " "= ; % " *"" "*" + % D % $? %"" 5 " *"" 'G workm' ~ insuraoce as required by law; and such oodfllonal Insurance as required by Lender from time to time. "" " R """Q $ " " " "''"Q " < """" (b) B All pollcles of insurance required under the Loan Doct.lments must be Issued tr; companies approved by - * ' 7" "% Q % > ? " " '$ " <" *" ' 5 < Lender, and mus1 be acœptoolè to Lender as to amounts, forms, % '! 5 % '"N* " " $' "* < " risk coverages, expiration dates, and loss payable end >F,D + > %" " "" cmcellatloo *"5 ' " " provisions with " " dèductlbles 8 of $1,000 on $ " all Colla!eral " % ~Ich is nYentory, equipment, and other tmglble personal " ' ""%<" " $" $ %$" * "" property. ln addltlon, each % Q % required policy " '$ must * $ stlpulete " "" C that coverage wll " not be " % " Clrlcelled or diminished ""K without e " Q" K minimmi of *5 * %$< + $ * < "; 1 O days *% % "$ R > % $ ' """ "" < " ""*"5 " prior 'Mitten notice to Lender and v.ffllout disclaimerof the insurer's liabAJty for fallu re to provide such notice; contain e " Fl~ Loss Payable Endorsement arnl arry other endorsements as Lender may require and must name Lender as an $ addaional Insured amJ loss payee so that aD proceeds of such property or casüalty Insurance shall be payable to lender to the extent of its mspecttve Interest. $ " 6 >"# < R"$"" "" """ "" $ %='" F *" *" < """"" * < $ > % " " ( t) ~ agrees to dellYer to Lender, on or before the Closing Date, evidenœ of the required insurance as " " E $ % " """ "" "" "" F " """ B provided " "" R5 " " " h&reln, with an effedlw data on or befora the Closing ? " Date. If Booov.w fais to provide < any $ Q % '""" required Insurance or fails *% " ' to continue arry reqund ' " 7 " Insurance ln force, > " < ' $' $" lender may do so at Borrower's N* ' expense. -$" * At the option of Lender, ~ shall · " <% Q % F % " " R ' "<"" " relmburse Lender, on demand, the cost of any such lnsunnœ * paid <> R % % " 2 R =+ by Lender or shall be added to the Obfigâlions. :D/ +14 0-1 / ,2002F/0 BORROWtR -&.12F>/?&/4 ACKNOWLEDGES :D-+ THAT +6 IF >/1?/0 LENDER ' SO # 0 D-4/4 PURCHASES -1A ANY 0/U +0/? REQUIRED +14 0-1 / INSURANCE, THE INSURANCE F+>> WILL #02 +?/ PROVIDE UMITED PROTECTION -&-+14: AGAINST #DA4+ -> PHYSICAL ?- -&/ DAMAGE :2 TO :D/ THE 2> :/0-> # COLLATERAL, UP :2 TO -1 AN - 2 1+ AMOUNT /U -> EQUAL : TO +:/? #02:/ :+21 :D/ >/44/0 THE LESSER 6 OF B (1) :D/ THE 1#-+? UNPAID ,->-1 / BALANCE 26 OF :D/ THE 2,+ &-ED214 OBLIGATIONS, /L > ?+1& EXCLUDING -1A ANY 1/-01/? UNEARNED FINANCE CHARGES, 6+1-1 / D-0&/4 20 OR B (2) :D/ THt -> / VALUE 26 OF :D/ THE 2>>-:/0->; COLLATERAL; D2F/ /0 HOWEVER, ,2002F/0E4 BORROWER'S /U +:A EQUITY +1 IN :D/ THE 2> -:/0-> COLLATERAL -A MAY 12: NOT ,/ BE . +14 0/? INSURED. +1 IN ADDITION, THE +14 0-1 / INSURANCE -A MAY 12: NOT #02 +?/ PROVIDE -1A ANY # ,>+ J:l}BLIC >+-,+>+:A LIABIUTY 20 OR #02#/0:A PROPERTY ?- -&/ DAMAGE -??+:+21 :D/ INDEMNIFICATION -1? AND -A M4 Y 12: NOT //: MEET :D/ THE 0/U +0/ /1:4 REQUIREMENTS 26 OF -1A ANY 6 FINANCW. RESPONSIBILITY >-F4 LAWS. +1?/ 1+6+ -:+21 +1-1 -> 0/4#214 +:A " )" "" (d) For purpose of lnsunriœ coverage on the Collat8ral, ~r authorizes Lender to provide to arry Person 6 % %* ' 7 " 5 " "% 2D">2 ""5" " B ' "" $ al/ lnformatlon > % Lender "' deems **% *% appropriate, whether " regarólng Coßateral, $ th& > Loan or otttar $ $ fhancial accorrmodations, or% $ both. $ " " the 6.15 Amm' l.ength Dealing. %" Borrower shall not enter into any trama;tion of my kind v.ith any famly member, , "% "" "< "" 7" 'K < % cause " days # ' # occurrence $ of < any 0 * %$ Reportable /5 $ Event $ $ that $ might " $ $ constitute " ' grounds for "" temmetlon 7 of < any capital Pla, < by the # ' , R$ Pension Benefit "" Guaranty Corporation or for the appointment by the appropriale UnitBd States District Court of a trustee to administer any Plan. & % $< " R "" " "" <" " " ""'""" F % '$ $"<"" 7 % ) I /,/- ".ffiilìA" " ; means the /% < Employee 0 "" Retirement +" ' Income 4 "< Security Act of 1974, as " emended " from $ = time $ to " tlme. - 7 ( 9 ' 6,18 LegaJ Fm; Çom. , "' * < 5 "; Borrower shaD pay the foloYMg: B " (e) costa, expenses and Legal Fees paid or Incurred """ > "* " ln connectÌ(Jl with any amèndments, modffications or waivers of the PfO','isions of the Loa, Documents; (b) costs, expellse6 and "" " " "<"""" " " " """""""";B '$' "' Legal Fees paid or Incurred ln connection with the coOectk)n or ent>rœment of the Loan Documents, ~ or not suit Is lied; > 6 '* %" R 5 "" $ " " "" "" ""'"" %" G (e) cos1s, Blq)enS8S and Legal Fees paid or Incurred ln connection 'MIil any Insolvency Proceeding lnYOMng a claim under the B '$ " ' '" 6"* " F"F " """; Loan Documents; (cf) costs of s¡Jij and SIJCh sum as the court may adjudge as Lage! Fees ln ooy action to enforce payment of the > "? %%"$'GB"" " " " < =' 6 "< $ 7 * < "$ Notes or any part thereof; and (e) costs, expenses and Legal Fees lncùrred to protect the llens end security lnturests under the <*"" "$"B " " " "*""" '" ""< " ' "" " " " Collateral Documents . "" 6, 18 Other Acts. * "Q ' <> 5W " ' * "">" $ $ * " $" Upon request by Lender, Borro\\8r shal cooperate with Lander for the purposes of, a-ld ( perform an acts 'Milch may be necessary or advisable to establish, perfect Md/or monitor any Lien granted ll'ldef this agreement * % %" " " < "%< %" ' * " %" "< " "" "" or the Collateral ? " $" %< E "" " " " Documents, or to ca-ry out the iltent of the Loan Documents. · %F $ K " B "" =" 9 271 ARTICLE 7 • / /1 4 EVENTS 26 OF ?/6- >: DEFAULT -1? AND 0/ /?+/4 REMEDIES -0:+ >/ t&fm!!r): ""; 7.01 (a} BI """ """""""" """""" f¥eut! of Otfault. The following each v.rrower does not (I) pay (or cause payment of) al tmœs of Borrower or assessed on the Collateral prior to , "% '"$"* < "F """ """" """ the date Ylile!l delinquent; (O) maintain (or cause to be ma!ntalned) all pollcles of risuranœ required under the Loan Documents " " " ' $""" ' " " " " * "" 5R % " "" and pay (or causa payment of) aß premiums for that lnsuranœ on or prior to the date v.hen due; (1B) mim tain the Collateral (or * FF agreement mortgage, deed $" "" " $ " " % ""Q" % "" "" $ % of trust. deed to secure debt. Of other agreement or Instrument evidencing or seoJring any other % "- B+ indebtedness, R ' í181,¡litles % or $, "%" obigatlons of BorrtrMir to % "<-" $ ' 7>" Lender or any Affülat&s of lender. $ " -" / O) 81\y " " Mâ'8rlal Advfne "< (k) fYJY /0+4- ERJSA /5 $G Event; < K Effect '", %G BS to Bomower; 7" " " " FF " " > " F F " " " (Q for mora than tan days after notice from >" %W %% $ " %"< " 5 " $ " Lender, Borrower Is in default l.ßder any term, covenant or condition 7 %"" < %"R 7"" B+ of this agreement not previously described in this Section 7.0], v.tllctl can be cured by the payment of a sum of money; end (m) for mora Ihm 30 days after notice from Lender, Booower Is ln default under ooy term, "$E" " covenant Of condition 7 %"% "" " R % 7%"> +, ' " %"< B" of this agreement not previously described in this Se@.n 7. O 1 ; provided that If (I) lt Is reasonably certain that the default cainot $$ " % *" < " + "" G"""" " "" < $ $ ""$ be cured by Bol'T0\¥8f v.ithln that 30 day period &1d {i) Borrower has commsnced curing that default within that 30 day period and thereaftar dlilgently ood expedltlously proceeds to cure the1 defaul~ then that 30 day period ~ be extended for so long as " % R<" N* R '7<" '""" 7"""" <* " N" %"" reasonably required by 8om>wef ln the exercise of due dllgence to Cl/1'8 that defaul, up to a of 90 days after the notice to ~ of the Event of Default; R , %" 7" /"$ ? "; " < " ""' <* ""$ "" " " "" """" maxirrum FF <, %F N % ' $ "*" "N "" ?2 < R (n) B any Loan Document ceases to be in fu O force and effad or Is declared \1lid by a Governmental Authority or """$"" " "" " " < & ""% FF my party thereto shaD daim such une nforœabllity or invalidity, or an y secu rtty Interest ln the Collateral ere ated by the Collateral A F4 $ " " " R$< $< "< " " """ " < " Documents shall fail or cease to be, or shall be asserted ln Mttlng that lt is rot, a valki and pertectad sacurlty Interest ln the ? " ' " ' $ " """ "" "$ 5 * " ""< """ securities, assets or J)tOp8rtiM covered " < thereby. ' " R " %*"*" 5 " " 5" "=5 10 272 " 7 .02 Rernecijn. " "" "" $ " > $" FGB ""<" 2 " " * / ARTICLE + a·= 12:?&/4 NOTICES " " """" "%< " All requests, $ ' notlœs, **% 5 ' appmm, conseots, and o(her communications between the Parties (collecttvely, "N2b1 - "Q ' under the terms !l'Id cordilloos of the Loan Documents must be in wrtthg and maied or delivered to the. address specified il Ìhat $ 0 "'"""" 7" " """ "" "" %"" " Loan Document. or to the address designated by any Party ln a notice io the other Parties; " and ln the case of My other Person, >"? "" > %" %" R " <"" "R ' to the address designated by that Person ln a notice to Borro'IWr and Lender. 1 ' " " %" AB Notices will be deemed to bf:! given or made "" " <" ""F "" """" "" & ; upon the earfler to oceur of (a) actual~ by the Intended reapient or (bl (l) If deiYered by hood or by courier, upon delivery, * F "% B " $ *$ <" " "" "B "C"" 5$" % < 5"* 5 < or (li) If delivered by mall, four Business Days after deposit Ì'I the mâls, *"* 5 Borrower requests that Lender % " " " ' " """" "% accept. and Lender may, ' !=8()" at ita option, " < " ""<1 R"5 %* % < accepl end .Is entitled lo rely and act upon ooy Notices purportedly given by or on behalf of "" %" < Borrower, even if not made in a manner specified herein fll'lcfudtng Notlœs made verbály, <" * " 7 by telephone, telefacsimile, " email, % or I"" , were Incomplete or were riot preceded or tolloi¥8d by any òttier form of Notice other electronic msMS of cominunk:ation) F % ' %$ ;" "" " "" "* $ %" $*%* % <"< R %" $" specified herein, or the terms thereof, 8S undera1ood by . the % * " 7"""< """" " recipient. variéd from any CÒl1li11iatk>n thereof. - * !; All lelephonk: '* " % $ "' " ' % <" Noooes to and other telephonic communications Ylflt1 Lender may be recorded by Lender, and 88Ch Party consents to such 1 R""" "" * " " "" " < " % < " #"" ""' " "E"" "" '* R" $ " F< . recording % "" F " " ARTICLE ( 9 = - &/1/0-> GENERAL ?/6+1+:+214 DEFINrTIONS. - 2 1:+1& ACCOUNTING -::/04 MAITTRS -1? AND ?0-6+ +1& DRAFTING 21 /1:+214 CONVENTIONS -0:+ >/ Defined Terme. Capltamd terms defined in this $ " " % " $ " section are used ln this agreement as so defined . 4 *K Except 9.01 as otherwise defined in this agreement, or uness the context OÖl8l'MS8 req..dres, each term ~ Is used ln this agreement v.nlch )8"" $ ' ""$" "" " ' " " "" Z' ' ' "" 5 Is defined in Article 9 of the ucc shall have the meanilg ascribed to that IBrm ln Article 9 of the ucc. ' R 2 ' 1 2 +$ " " " E E> E" " " -~ mema to rnaease d % ' G or dea'ease; " " " ' " ' G ·~· means lncreœed Of decreased ; ""7"Q " and ·t4ustmenr means an ]"" " , DE"" ,20+ N 0 $ %"< "$ il crease or decrease . " ' " ºAdystment D' %* %' ' + # $' """ "" "" """"" " """" FMFB, , 4- "Anti-Terrorism Laws:' mean (a) the U.S.A. Palriot Act, B "< 7 "" (bl eriy of the foreign asset3 control " ' " " regulations of the Unit&d •AflilBº of a Person v.tilch. is anything other thai an Individual means another Person that dlrectty, or ildlrect¡ through one or more interme ' ++" $ ' ""% $' Rate, F" those except that "" " " " regulalons ff Is Applicable charge F ' ' " "" % " -**R > +B * % > = %$ " ºWOçabje ng l the Maxlnun AppUcable Law shall mean laws, orders, % ' orämanœs, rules end in detennln ln effect as of the date hereof or lhef'e a chalge ln Law 'Ml ich (a) pemvts Lender to Interest on amounts which Lender woukl not olhe~ be permitted to charge ln!Brest; or (b) Increases the permsslble rite of iirtèrest. then the new Appllcablé LBIII as of Ils effec!lve date. Authority; """" %""""" R" " "" $ "$ """ *" "" " " " "" """" ~ means the ~ of Governors of the Federal Reserve System of the United Staes of America. " "'"" 7" "'"" """" EF FUU +U + 7 ""*$ "R"" " $ ·~ " "" * "" have the meanilg specHied ln the *% " preamble d$ ' of this % " $ agreement 'shall " ºBo{rowloo Base Certlfk(al!' means e certificate ln a form acœptable to Lende,r (sae the attached Exhibit A for a sample), property completed and certified by Borrower, for pl.rp0&88 ofcalculatlng the Bom»Mng Base, together v.(th all * *"* < * $ " "" <' % $* * " """""R """ " supporting R documentation % Q " required < by > % Lender. ** F""' "Business Day" means any day other "; [ $ % < [ < % % < " than a Saturday, Sunday, or other day on Ylhlch "% "! " commercial t>Mks Ml < < " % authorized or required to close under the Applicable Laws of the Stale o( California, or we ln fact closed ln the State of Cárfomla . ' "" " % " '' %" ** ">" 7 ' " ' " " R " " F1F 11 273 8 " " 5 " "" """ """" R'R ·~· means (a) the ~t by l.snder Iha all condltlons proceden! to the mia l.oa1 are satisfied or F " "5 " % wai\ied ln " "" " ""%"" acoordanc:e with this agreement, (b) the initial Loan Is made, 'MlicheYèr Is earlier. > ' " "" """ " meens the of OI' "" "Çjoslog ~· date $ % the Closing. E " " " Internal Z " 0 g 7 (I '" % R" " ~· meMs the ReYenue Code of 1986, as amended from time to time. ]F 7" "* $R " K "" the combination of the "ConsoJkfated" " ~." à' " "5 " < R I connection~ any dèfinltlon, financial repot or finoocial covenant, subsidllrles . . F KKK# %' " Q " " $"" 5 " " * % " " " $" ·~ of a Person 'MVCh Is anything other ttai an individual means the power to direct the mMSgement im polciea of that Persoo, dir8ctly or Indirectly, vmether through the ~Ip of voting seœritles, by contract or otherwise, and the ' 7 #" R < " " " * 7 R " < "" % "" " applcabl& P.efsons, together with their " " """" " " "" " ·~· means an Independent Lemler. "$" " $ %"' $ " " terms "c:ontrolling" Md "controlled" haw " ; meanings correlative to the foregoing : 7 % ; Audited" F F+2#-+FF certified pubic a:ocruntant accepÍable to F FF+ #-$ F; passage F"" "$ %""" " *"" 7" %" " " %" " ""R" "CPA B1Jdited by a CPA, lncblng ºCPA Review means re~ " F' * en auditor's opinion. by a CPA. ìlcludlng e review report ~ means any event or condition 'Mllch, with the an Event of Defau't. "/5" +? 7 > of tme or the giving of notice Of. both, ~Id constltule F "" " <" " " " """E " " "Orswdown Date" means ln the case of any l.oal, the da1e on ¥kllch that Loan is made. " " "d g " ºEnyjrpnmental Law' méans common "" law, 5 Including al federal, state, local or foreign law&, ordinances,% reguetions, ' 5 " D" 4 " "% "" ""O " ' ' E" + %" "" rules, codes, oroers, Judgments or other requirements or rues of law thai relate to (a) the prevention, ablillment or eimlnation of % ' " % """ ' $ " *" R "" % " " pollution, or the protection of the envlroomen~ ~ resou-ces or human heath (to the extent relating to eXJ).OSUre lo * " """ R """" ""B$ " "" N* "% Hawdous Substances), or natural resoorœ damages, " B " " " $"" R " and (b) the use, generâlon, handling, trea1ment, storage, Release, % ' % "' "* %$ R " lrér\sportatiol or regulation of, or exposure to,Hazardous Soostmces, lnciuding the Comprahenslve Environmental /" %""' Response 0 " K seq. "" Cornpensatioo and Uabílity Aci, 42 9601 et seq., $ the / " % Endenge Party, + 5 %] thlt, "ERISA Affilate" ~s aey . trade or; business $ $ together 'Mlh # %$< is < loan < K Section /0+4- and % Seçtion 8 K ; solely for ~s 4 ' 302 treated as' a single e~yer the Code, of ERISA % * < % under or, * * ' ' of 4 C 414(b) $ (e) 9 9 ; or B of " Section 9 412 of the Code, treated as ~runder % Section ; (m) the Code. " 4 $ 8 a single 4 414(b), 5 (o) 9 9 (e) W Is B G B" or B of B; " " N 7 =+"# < %" "#"< $ %@ K ' ÍllC\lr materiel liabmty other then !nary course. $< $ % $ $; il the $ ord $< % $ ' " F $ """" "5"" " <""""" "" F + ?7/0 4- + F; /0+4- " "" """"""""""""""<" 4 " ' "'"" """" G F F D /0+4- F? F FD G 0 4--R " 7"" " ,:naanmg """ $ ""< %R" 8"" " " " " 8\ /0+4-;""" 7 "" *" " " " 5 "" F4 2% " < " 5 = "K 12 274 9 ""< " " " " " < ;8; " "Governmental Authority" means any nation or 90V8fml8nt any state or other poJitk:al subdivision thereof, any agency, < Q %$7 < lnstrumentafity, " %< < authority, reg,.¡latory body, "$ '$ R5 " " court. edmlnistratìve tribunal, central bank or other entity exercising exàcutiw, " ! $<" N' " % ' 7 $* " % $ 5 "" $ 8I(F legls&atlva, judldal, taxing, regulatory or administrative poMrs fundlom of or pertaining to government * or 1 $ N F "" M" "" F F " F " 1:lawdous Subsbr!ce' means any substance. material or waste that Is or becomes designated or regulalad as "toxic,· ! M % " ~us.· "caustic," * " $ "% % " R 'pollutan~ • or ºc:ontanlnmt"or e similar designation or regulation under eny EnvironmentBI Law or could " '; " n, asbeslo8 ln any fonn that is or could reasonably be expected lo become friable or asbestos containing polychlorinated bypheny1s or radon gas, PCBs, petroleum, petroleum products, = K naturel gas and explosive or radioaclive substances. * $% " *% ' ' '$ ' #" ** $" $ K K $ appolntmen1 "lnsolwncy Proceedingº " mems the + ' 5 < lnso/Yency of a P8f'SOl'l , the of a receiver, $% '$ custocisn " , " " trustee, " " " "" < <* 7 # %" '*"* < sequestrator, conservator or siriliar official of any part of a Person's property, an assignment by a Person fOf the benefit of # " %"$" the 6 % K $'] % 5" "%"" 7 % credì!ora, or the votunwy or% 5 " %< involuntary oommenœment of any proceeding under Federal , !"" Bankruptcy Code or < any other < * K +Q H or +% " the by $ ~ding-up # %' Including ; "!% *$ < banmiptcy % or Insolvency law, or ; aganst a Person, llquldation of e # %' Person . < % F"" %" < E"" """" "" " $"" Payment "Interest " Date' means a dlia on v.hlch ragularty schoduled payments of riterest are due. F "'""'* $ "+" N 0 $ > "" """" ~Interest pm• means 'M1h respect lo a UBOR Indexed Rate Loan, each period commencilg on the date that Loan is made or the applicable rate Is recalculatBd, IJlltö the nex1 Adjustment Date or, If eanier, the respective Maturtty Date. " " " "" "" "" "". % ]F F? •1nyes1menr " ' '$ "<# %'" means, as to any Peraon, any öuect or indrect acquisition or nvestment by such Person, \litlether by "< R" Q ' "$" < # " " "7 means of (à} the purchase or other acquisition of capitsJ stock or other securities of another Person, (b} a loan, 9:Ml!lœ or "" * ' % ! % Q ' 7 5 %"% R$ ' "#" B " d ; "" Q $ B$ % ' "= " """"""" ' """ " "< "" " $" < % "" d* " " Q "<" % Q F "" "" capital contribution to, guarantee or assumption of debt of, or purchase or o1her acquisition of any other debt or equity " * * % $" %# " "<*"" *"! " ' # " partldpation or Interest ln, another Person, induding My partnership or joln1 venture Interest ln such other Person Md any < rwestor 7 ' $ '%# " "" $ d % " $ guarantees % $ ' $ '' arrangement *pursuant to 'MlÎdl the indebtedness of such other Person , % or (e) the * % ' purchase % or other B "' BCq1Jlsltlon (ln one transaction or a series of transactions) of assets or another Peraon that constitute a business unit; provided, 5 $" %* ' ' that for purposes 5 " "* " of COYen&'lt compliance, " the amount of any Investment shall be the amount actually invested,~ + the 5 $' adjustment 7 % for ' ' Q $ subsequent Increases or decreases ln value of such Investment. '$" $ F " ""$ F "" "" & "" • Judgment' means a judgmenl order, writ, Injunction, "" "< $ decree, or rule of any court. arbitrator. or Governmental " R ] < " ""<" " F "* " "" ' """ " " % % Authority. "< Fees' an attorney, clerk fees limited fees the level, F %*R < Incurred %<" "$ " """""" r, dra1tin g negotiating closing protecting > % " " """"""" R """ " " *" " 'Legal mems any and counsel. paralegal and law lrld dlsbtlrsements, lndudlng, but not and disbursements at prH!al, trial, appellate, any other or paid by ** $ discretionary review, or %"< "% 5 Lender and the Loan Documents, the transactions contemplatad hereby, and and $ > "2 " " enforcing Its rights and interests under the Loan Documents . to "" " " " "" >"%' " " * R " " " """"" 7 . '.bmr" shall have the meoo!ng specffled ln Iha preamble of this agreement and my succeasors and assigns of any of D " % $ ' Its rights and obfigstions under this. agreement F " "" "$ ** " ""># "# $ º1mQB" "" 7 g"< means, for any Interest Perod, the rala of interest ~er!ng on Bloomberg LP. B$ (the·~') Page "" % 4? ? ;< BBAM1/{0fflclal BSA USD Dollar > %R %""< " % "* " Líber Fixr,gs) (or on any SllCœSSOI' or substituta page of the Servloe, 4 %5 or any successor lo or , "@B " /,- ""$ 7 %$ 4 *% "Q ""'"" " ' " <"5 "* 4" sub:ititute for the Servlœ provicfrig rate quotaions ~ lo those currently provided on such page of the SeJViœ, selecœd <>" %7"""$ $ " *"* " 7*% EQ " R "" 5" "$ % * ' """$ Q by Lender from tine to time for purposes of providing quotatloos of interest ratas applicable to dollar deposits ln EW'I amount equal to the Loan ln the London inœlbank market) t3t approximately 11 :00 a.m., London time, as the retu for dolla" deposits v.ith a "1F FF .F FF F " > R'" " 7 * '"5" """ " "* " * " "" "">+,20 < + '""" "" " >" % ' maturity oomparable to the appicable contract period; provided, that LIBOR may be Adjusted from time to time ln Lender's % "" "R" $" " "" " * ' "" discretion for reserve requirements, depoelt insuranœ assessment rates and other regulatory costs. $ >+,20 N Rate. + $ % 'K " 0" ºLIBOR Indexed Rate Loan' " means a > ; Lem " ; Ylfllch " bears Interest at the UBOR Indexed > E B'$ $ $ %< 1:lfill' " ' means < any " %$ mortgage, * pledge, '' " $ assignment * ' $ deposit %% " $ arrangement privßage, (statutory % or " % " lien <' encumbrance, "" % F " < F < " $ " " "" "< K a *"7 " arrangement ln + too sacurily $ " of $ nature security Interest or pr8ferentie1 interest of d " $< $ % %*"7 " charge, or preferenœ. * E%< priority % or other other}, 5MQ < % "< " any kind """ % " or nature Yltiatsoever Oncillding any conditional ' " $7"5 " "R sale or other title retention agreemenl any easement, right of VG'/ Of " other encumbrance on title to real property, and any financing lease having substBn11a!ly the same economic effect as any of the "" ""R $ " *"*"<" <7" "" " P * V . foregoing) "" , " " % " $; and +means ' ' this "" " agreement, $ 1 $ $ the Note, the Cotlateral Documents, and +C ali other agreements ; securing '$% " $' " $ Instruments $ Q % required by L.endef $ %* %* ' ' for purposes 7 of evìdericlng or the > " Loans. < > 5 ºLoan Documents • =" "" "%<" "" /"" " $" ' ""< " " i.oan Part{ means. lndMdually and co~ 8on'O'lwr and. a granter of a securtty llterest ln the Collateral. 5 ? 8 13 275 ) e. "" "" "" " " " B "" "" ·~· means < any and Y al "' daims, sutts, ! ' Uabkies U (lncludhg, without lhritatlon, strict ' $ ' íleblities , ) actions , *% proœedlngs , obligations, $' debts, " ' damages, '' ' csees. cœts expenses , lines penalles, " % charges, fees, " $' Judgme ts,n awards, " $' amounts * paid in ', * " ' %=' ' % ' '$', B" ' ' settlement 7 of 'Ml8teYer !klnd or $ % nature B $ (tncludl ng > Lega! 6" Foos). ' " "$ % "Margin Stock" "" "" """" """" 'Matelial Adverse Effact' """< """""""" """ F 1F """ "" 77 $ $ "'5 < "" "<% " < 7" $ < " "" shall have the meaning assigned to such term in Regulaion U. means any set of clrcumstanœs or events 'M1ic:t1 (e) has or could reasonably be expected to hM ooy material adverse effect as to the vafldlty or enfo œabHity s or eny rirJht or remedy of Lender under any Loan Documen1 or any material tesm or condition therein against the applicable Person; (b) Is or could reasonably be expected to be mliertal and <" " '$" % " "" *"# "" , " " ' " " ' adverse to the llnmclal condition , busmess assets , operations. or property of the applicable Person, lndudlng eny material portion of the Collateral ; or (e) materially impairs or could reasonably be expected to materlall'f Impair the ab1Bty of the applk::eble * 7" $ ; %B " $ < "* " " < $ "$ 7< * E $< 7" Person to perform the Obigaoons . 2 ' # %' $ * $"" """"" """" "" "* " " *"*"< **R " "<" " K 'Maxim mu Rate' mecm that % $ ratB " P8f annum '#Heh, under Applicable Law, " < may be " % ""' * charged 'Mtholrt subjecting > 'K Lender J5 % ** to dvii or crtmlnal 6abDity, or limiting Lender's rights under the Loan Dorume tsn as e result of being ln sxcess of the maximum > 5 """ $<" R " 7 %" " > "? " ' ""+2 " " "" " " interest rate 'tlltlich BoooW9f Is permitted to contract or agree to pay; except that the Maxim mu Rate on any amount upon which Lender ís not pennlttBd to charge Interest "4U be zero percent. """""!"" "" "* N *$"" " " "0 $ <"" DE > E' $ " "" F"" " """ " ""4 ' " N " "' "" " 1,4uttlemployet Plan' means e multlemp!oye r plan as defined in Section 4001 (aÍ(3) of ERISA subject to the provisions of 11tle I $/0 4- % '* "" $"<> < % % Lender % ' arising ' K pursuant to any of the > Loan ? " $ Documents B" " " < " % """"" " % " " (whether or not evidenced by a note or lns1rument and whether or not tor the *Q" " payme nt of * ""$ "< money), ~ now existing % or hereafter darising direct. " " Ind rect. i absolute % $ $ or contingent, due % or $ " to become due, $ % N ' " " % $ ' $ $ , Yit.ether " < relatBd, % $ unrelated, RN fixed, Q $ liquidated, Q "2 2 > unllquxlated, join~ ' % several, %W or joint end several . $ " "" 1 "fl!!:lt refers only to a named party to this agreeme nt or another Loan Document. as the context reqiures. "7 $<$ " " " " %" > ? " $ "Q " #c %%c ec " ~· mean < any and all ' ' franchises, " ' ' licenses, " leases, * " O permits, d**" approvals, "R "$ notiflcatlo11s , oertffications , " $ $ ' reglstJetkxis, %R R ' **% 5 ; authorizations. "" O 8X8!11ptloris, Q RR R"' quafifications , easements , R $' rights $ of "< way, Liens and IK other ' rights, *% 5 ' prlvUeges and approvals % Q % required $ to ' " $ "" ' be $ obtained 7% " fron a & 5 " " Govermental n Authority ; under < arry - $= Applicable > Law. - $ % $< *" #" ·~· means oo + 5 G lodtvid ,alu a "" corporation, " IJrnlted + "< llablllty "* < company, partnership, !}oint venture , " ] association , '$ ! joint-stock 8 " ' K 5 $ % company , $% '$" * $" " R trust. unincorporated organlzation , R "" < or othef business entity, or e govemment or any agency or * % ' pofrtlcal subdivision % 5 " %"< $ ""*"< thereof. $ i:>lan' means any employee pension benefit plan (other than a Muttienl>IO'fer Plan) subject to the provisions of Title fV " ""'"< " < * " " 7$ * B " %" """R" " ""' 7" of ER SA I or Section 412 of the Code or Section 302 of ERJSA and ln respect of v.nlch any Loan Party or any ERISA AffiBate Is 5/0+4- %4 T 7" 54 7/0+4-" "* 7"""> $"< "4--"" (or if Sllch plan~ temúnatad would under Section 4089 of ERJSA be deemed to be) an "employer" as defined in Secti)rl 3(5) B % 7 """" %4 R""( /0 4- " $ "E "* < % R" 4 " of ERISA. /0 4! "" 7 "E ·~ means to make a #% * <" Prepayment "Prepayment' means a payme nt of all or a portion of the unpaid principal balance of a Loan prior lo the data Yilen due, "R ' * < " $ "" F * " " 7 "R """ whether voluntary, by reason of acceleration, or otherwise . " %5 $"$ %" % ' 0"!#% " Prm¡ Rata Is set by Lender basad on various factors, including Lendera costs and desired return, genera economic Rate. The : #% "0 '' $ <> " ' 5" " " E 7 ' ' ' % $ " " " 0 " condioons Bild other factors, and 15 used as a reference point for ¡rl:ing some loans. > $"<*% "$ R $ """ Lender may price loans to its customers at. ' " 7"* "" """" "%' above, or below the Póme Riis. < #% 0 $' "! R $ * " <" Any change ln the Prime Rate shall take effect at the opening of business on the dut &peCÌfled 5 % Z +(# " 0" · il the announcement of a change rn Lender's Prime Rate. """ 7 " "" "" "Rooyjation u· "'0 7 , ! " Regulati)n u R" " 7 " 7R " '" "*"$ R "' means """" " thereunder and thereof. ]c" of the bd as from time to time ln effect and eD official rulings !¥ld lnterpratatiollS F F" d " F 'Release" " "' means < any F placing, + spilling, leaki'lg , seepage, ' pumping, pouring. emitting, "*$< emptying, " = discharging, " '$ Injecting, " "'O escaping , leach,ng * du rrpng, '* ' dlsposlng, * 7 deposllrlg K or " % $ migrating + òi, + $ lnto % or $ onto % or through $ the enviro ment. n 5 "Subsidiar( of a Person which Is anything other thm an i'ldividual means a business entity of which a majortty of the F $ " "" """""""" "" F '""< 7 " W %< " shares of securities or other lrtarests hevilg orcfinmy YOting power for the election of ärectors or other governing body are et the " " % " ; " "" ""$ %1 " """ """ tine benefldally crM'led, or the management of 'Milch Is olherv,ise controlled, directly , or Indirectly by that Pffl 107-56 + ""; 26, Intercept and Obstruct Terrorism Act of 2001, Publlc on October . - $ K # Law 2 '$" E:"" B' Into 2001) ' " "'+ <$ 'FF%#+"" " " 5""" Wrthdra'waj lJabl[rt{ means 6abBlty to e Mutllemployer Plan as e result of a complete or partla 'Mlhdrawal from such as '""" ""7M $ R " P /0 4- sud1 terms are defined ln Pert I of Subtitle E of Title I V of ERI SA "* Mulöemplo)'el" Plan. ( ]" """ R < " "" ""R "" "" 9.02 Accounting Matter1. All accounting terms not spedfically defined herein win be construed in acconlance " # 1+ fintlnClal 5 7 buslneu. excluding be + 5 will "K^ R " covenants Iha " indlviduafs 'Mlh GAAf>. All an Individual calculated based on 5 $' eppllcable R "* to pe1SOM a.,sets and iablitles Borrower \lliD noi change ihe 1Tl81'¥'8f ln whk:h either the las1 day of its fiscal year or the lest days of """ " Q "" ' " " the first three fiscal quarters of Its fl seal yen Is calculated. If et any time any change ln GAAP IIIOUld effect the computttion of any financial ratio or requirement set forth ln any~ Document Lender may amend that ratk> or requirement to preserve the + $ $ ther&of original Intent n $ light K of P that chMge. " K "" '," " " " "" '$ < < "" " " 1 $"" """ " """"" """"" " "" ( 8 5 Q "' the " > " 9.o3 Draftfng Conventione. Unless expressly stated therein or the OO!ltext olhefVdse require,, Loan E ? " $ 59 K $ v.ords R E the $ followng (the "PŒfllng Conventionsï: (a) % ' 'lnclude, ' $ " 'llith Documents ¥iill be lnterpnrt8d ln acœrdance • "indudes. • " ' + B) the and "inck.lding" a'8 to be read as If Ìhey were followed by the phrase "vitthout llmltatlon"; (b) unless othe™Se expressly stated, tamts and provisions appi~e to lv.o or more Persons shall ffl on an Individua, as Yi8!1 as collecilve basis; (e) head'ings llld *$ '] 7 G (d) captions are *% provided for only 111d clo $ not affsct $ $ the $ % convenience $ meaning % " ' to " $ ' of the text v.hk:11 follows; " $ 111 5 < B9 references $ $ agreement $ or 4 " $ lnstn.iment " ' means that agreement a lnstrumeot, together ' ' renewa s, modifications, $ $ " " $ % $ " F all extensions, ' "" ; $ " v.4th " R $ ' substitutions Documents; , " ; (E) and tmendments thereof, subject to any restrictions thereon ln+ " $ " % "" " that agreement or Instrument or ln the Loan Am " "$'" " $ B/ A +1 FORM 0/#20: 4-:+46- :20A IN -1? CONTENT ,/ SATISFACTORY 620 AND REPORT 0 OR DOCUMENT LENDER SHALL ,A >/1?/0 4D->> BE : BE ,/ RECEIVED 0/ /+ /? BY 21:/1: TO : ?2 /1: TO +: TO -##02 / OR :2 IT :2 APPROVE 0 DISAPPROVE, >/1?/0G 0+&D: GIVEN LENDER; B6 (F) FD/0/ /0 WHEREVER B+ 0) LENDER Am RIGHT ?+4-##02 / 01) &F/1 TO >/1?/0 EXERCiSES /L/02+4/4 -1A -1A B+K Am -00-1&/ /1: OR -1A OTHER 2:D/0 DECISION ?/ +4+21 OR >/1?/0 OR ARRANGEMENT TERM ' IS : TO BE : LENDER, 20 (lii) ,/ SATISFACTORY ?/:/0 +1-:+21 0 :/0 4-:+46- :20A TO 20 DETERMINATION B+++ Am +4 : BE ,/ ~E -?/ BY /L#0/44>A /L /#: AS -4 MAY ,/ OTHERWISE 2:D/0F+4/ EXPRESSl. -1? SPECIFICAU #02 +?/? 4#/ +6+ ->>A ,A LENDER, -A BE IS TO Y AND Y PROVIDED :D/1 EXCEPT >/1?/0 THEN :D/ ?/ +4+21 :D/0/+1 THE ->> DECISIONS ?/ +4+214 THAT :D-: ARRANGEMENTS -0/ -00-1&/ /1:4 OR THEREIN, DECISION TO APPROVE 20 OR ?+4-##02 / DISAPPROVE, All :2 -##02 / 0 TERMS :/0 4 ARE ?/:/0 1-:E 21' MADE ->> OTHER 4-:+46- :20A 2:D/0 DECISIONS ?/ K4 214 AND SATISFACTORY 20 OR NOT SATISFACTORY, -1? ANO AU. -1? DETERMlNATlONS -?/ BY >/1?/0 12: 4-:+46- :20A ,A LENDER, +1 / 620 THE -?/2 - A OF 26 ANY -1A SECURITY 0/&-0? FOR :D/ ADEQUACY 4D->> 4/ 0+:A FOR 620 SHALL ,/ BE IN THE 42>/ SOLE ? 4 0/ 21 DISCRETION 26 OF >/1?/0 LENDER, WITHOUT D2 : REGARD :D/ 2,>+&-:+214GB( ;" <"+"= """ "" , " *" 7% "$ ! THE OBLIGATIONS; (g) ~enever by the hmn8 of the Loan Documents. Borrower is prohilited from taklng an action or ' %" * %"! the OCQfflnœ of some circumstance, Borrowar pennltting shall not. d!rectly or lndiractly take that action or permit !hit , "%' $ % < " <" " "* " " clrcumstanœ, or d1rectty or lndrectly pennlt lllY Stbsldlery to talee that action or pemvt that drcumslBnœ; (h) evidence of the B 5 $ occurrence or non-«currence of any event. or the existence or non-exlstenœ of œ,y circumslanoe lo be delivered to Lender must be ln a form aatisfactoty to Lender, (i) unless specttied otherwise, references to a statute or regulation means that statute or rogufation as arneílded or suppJemenfedfrom /" lfme lo time and any corresponding provisions of sucœssor stBtutas or % 'R "5" %" " " " regulations; O) unl&ss otherMSe specified, aD reierences to a tima of day are references to the Ime ln Callfomla; (k) references to " %E< %E "" "" " " % " "m:lnlh" or "yer are references to a caerldar roonth or calendar yea'. respectlvely, unless olherMSe specifìcally provided; O) If B+1 any d el8 specified ln this agreement as a date for taking action fais on e day th at Is not a Business Day, then that action may be < "'* "" " "" '" <"" "? < taJcen on the next Business Day; (in) a prOOWl used ln referring generally to any member of a class of Persons, or PfflOOS and +" *$" " $ " < , ' '' ? < %R '' M 7 "E $=- % (n) $ % gender; things, each member 7 of that , or $ % neuter $ mascuHne, "" femi'llne $ ' apples to " ' to "" class, $ % of 7 the $ "lVfldes, " ¥1hether B references ' E ' M referenœ artldes, sections, % E and ' ' " E "paragraphs; "sections," 'subsections," " "exhibits," 'schedules" ' ' paragraphs, ' $ ' subsections, E*"% * '7 % ' $ exhibit,, and ~ules, respectively, of this egreemerrt the words "hereof," "herein," ^" ' '; other¥14se specffica!ly " ; *% 5 ; (o) ; % "" unless '* < provided; B2 'heroonder," and "hereby" refer to this agruement as a wdlole and not to any particular provision of this agreement (p) the definitions ln this agreement apply equaly to both sJngul&- and plural fonns of the terms defined; and (q) for purposes of computing peri:>ds òf time from a specffiad date to a later specified date; the v.ord "from • means "from end including " lrld the " $ but N % ' $ E "untlr words "to" and each " mean "to $ excluding". "" F F *"'" " ""R" """F ' ' " ' GB "" " "<"""" "" " ^" " % " % "'" " < " " " """R"""G "" R " """d"" """ " """" "%""" ""G" """'* " "" "' " % < """"""" """ "" " "" "<""""" 5 " $ " 7"< "" "% " <$ " """ FFFG """ < 1 " " "<"R % 7 " E " " " "" "" "" " < %"" 5 E % < " % "" "" ""$B^$ """" "" Q""""" *""" " "G " %* %* "" $ * R"F'"""- " " "G "R" " "" " " " ++, />-1/2 , C+ •= MISCELLANEOUS -0:+ >/ 10 ARTICLE "" "" """ """""" " " ' Q" " "%" "%"""" "" """ "" "" $""%""""""" $ <""$" , " R 8( ^"" F ( 10.o1 Entlm Agreement. This agreement and the other Loan Doalments, coDectivety: (I) represent the sun of the understandings and agreements between Lender and Borrower concemlng thls credit; (il) replace rff'/ prior oral or YKittan ag1'981ll8nts between Lender end Borrower concerning this credit; aid (@) are Intended by Lender and Borrower as the final, complete and exclusiva statement of the terms agreed to by them. ln+ 5 "< 7R $" " ' """ "< the event of ooy conffd between this agreement end any ""*$ " N " '$ " " 7 " " " <+ " *" $ % % " $; . other agreements required this agreement thls $ ' agreement v,;¡¡ prevail % Q % by <" ' " " & "" =% $ ) 15 277 e 01?/igatfone. ^F%"' " # " " "G " "" """R " "" "" " " " " v.œn $ " %" R "" < F " 5R " " $'" "R$< < " O; " ""G " F%"" < " (( , ""*"$ " $"" "< "" sought 898fl8l " " %"""< " ) ($ )8g 10.02 Joint and Sevem If Botrower consists ct more than one Person, each~ (s} exprossly BClmowtedges that lt has benefited and v&J benefit, directty and indirectly, from each Loan ood woYAedges and undertakes, together w!!h the other Borrowers, joint end several llablllty for the punctual payment due, ¥ßlether at stated maturity, by K efl d agreement the " ' of " $ % $ scx:eleratlon or <>ttlerYMe, of $ independent several ' 5 % obügation % $ Is Obllgatloos; (b) * $ and $ B ; acltncw,4edges that this eac:ti Borrower and may be enforced agefASt each Borrower separa!sly, whether or not enforcemerrt of any right or remedy " % ' (e) agrees that Its Babilty herell\der and under any o1her Loan hereunder has been any other Borrower. and "< " %, 2 " " Document ); is absolute, " E " WlCOnditlonal, continuing ood lrravocable . ,2002F/0 BORROWER EX?RESSL Y WAIVES F-+ /4 ANY 0/U +0/ F $ /L#0/44>A -1A REQUIREMENT E / OTHER :D-: >/1?/0 -1? PROCEED 0 REMEDY 0/ /?A AND #02 //? AGAINST -&-+14: THE #2F/0 OR 2:D/0 BORROWERS ,2002F/04 THAT LENDER /LD- 4: EXHAUST -1 ANY 0+&D: RIGHT, POWER + D+4 AGREEW:NT, 1?/0 -&-+14: ANY -&0// /1: OR 20 AGAINSl -1A OTI-IER #/0421 UNDER 2:D/0 PERSON 2:D/0 LOAN 1?/0 ANY >2-1 DOCUMENTS, ?2 /1:4 OR UNDER THIS -1A OTHER -1A 20 ANY & -0-1:A 2,>+&-:+214 20 4/ 0+:A GUARANl'Y 26 OF, OR SECURITY 620 FOR, -1A ANY OF THE OBLIGATIONS . 26 :D/ "" "" Bind Bomzwer. 8FX "" """*% , " """"""""""""'<"""< " " "" "" R " R < $ F "% <" %" ' " 7" R* 10.03 Authority to If+ , $ '" E' Borrower is comprised of rooltiple Persons, any Person comprislng Borrower ls authorized to bind all parties comprisi1g Borrower. Wl!hout lm!tallon of the foregoing, Lender may require any Loan * %R "5 9 " "" "" """"""" """ " """"" Request or other request. authorization. or other action by or on behalf of Borrower be by one or more i1dMduals designated ln 0 " % " Q '$ wri1ing by the parties comprising Borrower (a "Designated Person"). Lender mli'(, at any" %" < requirement thal requests, authorizations, or other actions be ta):en only by a Designated Persoo . · "Q "" " "" 5 '" " $ ! "< < ' "" Binding Effect: Succesaoni prÌd Aglgn&. The Loan Doalments v.61 Inure to the benefit of end be binding 10.04 UP<>n the parties and thelr respective successors and assigns, except that Borrower may not assign or transfer ooy of Its rights or * " * " '" " C"""""" N """ "" " %"$ "< """" " $ % obligations under Loan Document wtthout prior written consent of the Lender. ' ' % any ? " " % " "<> " "=8G F +" " " '"R"" F ) 10.05 Aute ornent: l'artlclpatfon,. Borro\Wr shall not assign fis rights or obligations hereunder llli1hout Lender's consent ' $ Lenôer may assign or seU participations ln a!I 01 any portion of lts lnterest ln the Loans or under the Loan Documents to <# " any Person. Lender may dlsclose to any actual or poten1ial assignee or participant 8Trf Information that Bom>wer has de!ivef'ed to lender ln connection \Wh the Loan Documents; and 8orro'M:!r shall cooperate fully with Lender ln providing that Information. If lender assigns or se!ls a participation tn the Loans or the l.oal Documents, the purchaser wll have !he righ1 of set-off against , $$ " Botrmwr. F""R %' F " "" "" > "" < ' ' ""<" "" " "" *"*"$ """" ' " R" "" "" >FFFF F 1FFF F U F """ ' """"" "" """ " " "R" Severabllfty. My provision of any Loan ? " Document *!fch Is prohfblfed unenforceable ln any Jurisdiction " " ord" %$ = " " 10.06 - < *% K < > +' + < % unenforœablOty *" $ or 5 the % ineffective $ the N$ $ K such ' K prohibition " fnvaßdatilg " " "< without ' shat, ' as $ "< % R jurisdiction, be extent of + 77 $ 5 to $ remaining to 1!!m " < F4F """ " N " F F "" ""= """"" *"""""" * """ """"$ "" F"FF "? "" F"$ " < ** ' $" 7 R" B" "c" c' """ "" "" % enforœabBtty + any "* " $$" % ' "G that l.oal > " ? " K $ vaillty ""< of "" provisions of Document~ aff&ctfng the that p!'OYislon ~risdlctlon; except that if 5 !< or $ ln %" R "< other + option, suet, prov,slon relaies to payment of > % may, $ Ils Obigtiions $ Lender $ the $ * <" K lWI)' 2 inmedlately !hen *$ declare all " < " " < at "< monetary sum, du13 and payable. 10.07 Amvndments tn Writing. The Loan Documeots may not be ameooed, changed, modified, àt8f8d or tennlnated · v.fflloot the prk>r wrttten consent of aD Pàrtles to the respectlve l.oal Document 8 10.08 Governing Law. Èxœpt as expressly stated therein, the l.oal Doalrnents .,,,;i¡ bé governed and lntsrpreted I by applying the laws of the State or Cafifómla (the "Governing Law state") v.1toout regard to tts conflict ot laws prináples. -&0//4 TI-IAT, -: THE :D-: AT :D/ OPTION 2#:+21 OF 6 10.09 JURISDICTION AND VENUE. ,2002F/0 BORROWER +00/ 2 -,>A IRREVOCABLY AGREES -0+4+1& OUT 2 : OF 26 OR :D+4 AGREEMENT 20 RELATING 0/>-A+1& TO :2 THIS LENDER. ->> All - :+214 ACTIONS, PROCEEDINGS OR COUNTERCLAIMS 2 1:/0 >-+ 4 ARISING -&0// /1: >/1?/0 #02 //?+1&4 0 / SUPERIOR ,/ UTIGATED +1 THE 4 #/0+20 COURT 2 0: OF 26 CALIFORNIA, 60/412 .C 2 1:A >+:+&-:/? IN 20 ->+6201+- FRESNO OR -1A ANY 2:D/0 OTI-IER >2-1 LOAN DOCUMENT WILL BE OUNTY. ?2 /1: F+>> :D/ EASTERN 620 ->+6201+- BORROWER 26 CALIFORNIA. ?+4:0+ : OF /-4:/01 DISTRICT :D/ 1+:/? ?+4:0+ : 2 0: ,2002F/0 CALIFORNIA, OR UNITED STATES COURT FOR THE - 6201+- 20 THE 4:-+/4 DISTRICT -1? VENUE 6 THOSE :DE,/ COURTS ->> SUCH /1 / OF 620 All 4 D ACTIONS, IRREVOCABLY CONSENTS JURISDICTION, AND 2 0:4 FOR 214/1:4 TO - :+214 +00/ 2 -,>A :2 SERVJèE, 4/0 ? / 0+4?+ :+21 -1A OTHER 2:D,K VENUE /1 / :2 +: MIGHT FD+ D IT PROCEEDINGS -1? AND COUNTERCLAIMS AND WAIVES TO WHICH ,/ ENTITLED +&D: BE /1:+:>/? BY F-+ /4 ANY ,A #02 //?+1&4 2 1:/0 >-+ 4 -1? 6+1-> JUDGMENT VIRTUE ?& /1: AGAINST -1 -&-+14: BORROWER ,2002F/0 IN 2:D/0 4/ FINAL 26 DOMICILE, D-,+: -> RESIDEÑCE 20 OTHERWISE. +1 ANY 0/4+?/1 / OR +0: / OF ?2 + +>/ HABITUAL +1 ANY ,/ ENFORCED 2:D/0 4D->> ,/ -1? MAY -A BE -1A OTHER 21 > 4+ / AND /1620 /? IN . SUCH - 21 ACTION, SUIT BE CONCLUSIVE 4 D 0 PROCEEDING #02 //?+1& SHALL 4 +: OR /L/ # D/? COPY /0:+6+ -:/ 0 FD+ D SHALL 2#A OF 26 WHICH JURISDICTION ,A BY SUIT OR EXEMPLIFIED 21 THE ,/ 4 +: ON 0+4?+ :+21 :D/ JUDGMENT, ?& /1: A- CERTIFICATE 4D->> BE #02F?/? BY -1A OTHER -11/0 PROVIDED ,A LAW. >-F BORROWER 2:D/0 MANNER ,2002F/0 26 THE 20 IN +1 ANY CONCLUSIVE EVIDENCE OF JUDGMENT OR 21 > 4+ / / +?/1 / :D/ ?& /1: #/0 +::/? BY I APPLICABLE -##>+ .,>/ LAW -1A OBJECTION IRREVOCASL Y WAIVES TO AD/ THE FULLEST >-F (A) 2, / :?21 WHICH FD+ D IT +: /L:/1: PERMITTED F-+ /4 :2 +00/ 2 -,>A 6 >>/4: EXTENT B- ANY 26 ANY. -1A SUCH 26 TI-IE +1 :D/ :D/ VENUE /1 / OF 4 D ACTION, - :+21 4 +: 0 PROCEEDING -A D- / >-A+1& OF MAY HAVE NOW OR IN TI-IE 6 : 0/ FUTURE TO SUIT OR :2 THE #02 //?+1& 12F 20 :D/ LAYING +1 -1A -1A CLAIM >-+ THAT :D-:-1A 4 D ACTION, - :+21 surr -,2 /; (8) IN ANY COURT REFERRED TO ANY SUCH 4/1:/1 / ABOVE: 0 6+04: SENTENCE :2 IN +1 THE 4 +: OR 2 0: 0/6/00/? :D/ FIRST B, ANY +:4 RIGHT 26 ANY -1A MATTER 620 ; {C) 0+&D:26 PROCEEDING HAS ,//1 BEEN BROUGHT OF REMO VALOF . 0/ 2 -> +1 21 /1+/1: FORUM; #02 //?+1& D-4 +1 AN -1 INCONVENIENT -::/0 ,02 &D: IN B ITS 26 CALIFORNIATO ->+6201+- :2 ANY :D/ STATE 4:-:/ OF 26 TI-IE COMMENCED BY ANY OTHER PARTY +1 IN THE 2:D/0 #-0:A 2 0: OF ,A -1A 2 /1 /? 2 0:4 OF :D/ COURTS 26 THE :D/ -1A COURT +:4 ASSETS +: OR -44/:4 MA -A FD? D IT 20 JTS UNITED OF AMERICA; (D} ANY TTY WHJCH Y HA VE JN D- / +1 RESPECT 26 ITS 4:-:/4 26 + 1+:A 1+:/? STATES +:4 0/4#/ : OF -1A IMMUN - /0+ -G B? :D+4 AGREEMENT >2-1 ?2 /1: 602 ANY 1?/0 THIS 2:D/0 LOAN OBLIGATIONS DOCUMENT FROM -1A SUIT, /L/ :+21 -&0// /1: OR 20 mY -1A OTHER 2,>+&-:+214 UNDER 4 +: EXECUTION, +1 1? ,/620/ JUDGMENT ?& /1: OR AnACHMENT PROVISIONAL OR AID 26 OF EXECUTION, /L/ :+21 BEFORE 6+1-> lN -F- D /1: (WHETHER 20 FINAL, 20 OTHERWlSE) 2:D/0F+4/ OR 20 BFD/:D/0 #02 +4+21-> D- / :D/ MOVING 0/U +0/ THE :2 REQUIRE #-0:A IN ; AND (E) ANY RIGHT +: IT MA Y HA VE TO OTHER LEGAL #02 /44G PROCESS - +1 ANY -1A SUIT, 2 +1& PARTY 2:D/0 >/&-> 4 +: ACTION - D21 -1? B/ -1A 0+&D: 21^ FF+ 16 ) 278 I 0 -1A OF #02 //? 1& :2 ABOVE 2 : OF 26 OR OR PR OCEEDING ,02 &D: BROUGHT I+1 N ANY URTS 0/6/00/? REFERRED TO ON I :D/ CO -,2 / ARISING -0+4+1& OUT 26 THE 20 IN+1 CONNECT 2 0:4 211/ :+21 F+:D -1A OTiiER 620 THE :D/ COSTS 4/ 0+:A FOR :D 4 -&0// /1: #24: SECURITY 24:4 OF WITH THIS AGREEMENT 20 OR ANY LOAN DOC MENT U TO ?2 /1: :2 POST 2:D/0 >2-1 26 BORROWER 20 ,2002F/0 OR :2 POST #24: A- ,21? :2 TAKE :-./ SI4+ +>-0 - :+21 20 TO TO BOND OR M LAR I ACT ONI. : > "? " < N 10 10 . Counterpart /N $ Execution. The Loan Documents may be executed ln counterparts , each of Yihk:h will be !WI '" """ """ " orig nel i and aD of Yitlch together a-e deemed one and the same WlS!rurnent ) , " "" """"""" """ " """" *""""*" " " 10.11 Ç)ptm!IY lmpged Reproductions. Lender may make an optically imaged reproduction of any or e!1 Loan Documents aid, at Its election , destroy the original oi originals. BorroYter oonsents to the destruction of the original or originals and ~ thà a copy of the optlcaDy Imaged reproduclkm of any Loan Documen1 will be the equivaent of and for all purposes " " " E % * %* ' "" * < " c:onstitute an "original" document. For purposes of this section , "for aD purposes" includes use of the optically lmaged % *% " $'; reproduction (a) the conteni $ of the originel at trial , medla!ion, for my " N " 81bl!ration or administrative hearing; K document % G (b) B to prove $ BF %$ < buslnesl purpose; (e) for internal or ex!Bmal auálts llld/or examination by or on behalf of~ Authoritlss ; (d) ~ canceling or transferring any document; and (e) ln conjunction v,i_th ooy other transaction evidenced by the original document. ? " " " " """ " , """$ " " " "< "" " " " < " "" "< F" "" $" " " " " " F$ F " " 5 " " 1 "GB """" "" """ """ <""F """GB 1 F %""%% ""< $; B " V W " """ < "" / ="" "; " " R " " "" 10.12 Neceyarv A¢k>n. l.8nder Is authorized to execute any other documents or taxe any other~ '' %<$ "" > "? " "" " " R 7""" " "" " " neœssa,y to effectua e t the Loan Documents and the consummation of the transactions oontemplated therein . "H0 "" """ "" 5""" " F "" " R E +"" " *< " authorize " "" """ """"" " past present loans and standird references from line to Ume to evaluate the creditworthiness of BomrM!r. Without # 'K *" " '"""""" " "" "" $" F" 8 10.13 a,l(j Credit Report. Lender Is authorized to order a credit report and verify all other credit lnformalion , lnclocfög > %' liTTìtatkm, a copy of the consen t for release of lnfomlation , % general authorization or simia.' document on file 'MIil Lende r shall " $ $" 7 7 " R third Persons to provide the information requested from time to tine. " 'R 9 / # %$< * R * $' d; ) agreement. 10.14 No Conetn,çtlon Aqajnst Drafter. Each Party has p¡m:ipated ln negotiating and drafting this 8(""V ' R" $< % Q " so if an 001bíg ítyu or a quesfun of lntant or lnterpmtatlon arises, this agreement f8 to be construed as ff the parties had dráted lt "" $ *" jointly, as opposed to belng construed agailst a Party because lt was responsible for drafting one or more provisions of this ""' *" $ ' " ' "'# < ' +$" " "" """ "*" "" ' agreement. 8("" ) """ "" """ '" *"" %R -1? D2>? LE +:4 +1?/ 1+6A >/1?/0 -1? ITS 10.15 INDEMN f)CATIQN l . BORROWER SHALL ?/6/1? DEFEND, IN DEM FY NI AN D HOLD NDER AND ,2002F/0 4D->> 266+ /04 -1? -66+>+-:/4 OFF CERS I , DI?+0/ :204 RECTORS, / #>2A//4 EMPLOYEES, PARTNERS, , ATIORNEYS D AFF LIATES I (THE NED DEMN FI I -&/1:4 -::201/A4 AN #-0:1/04 AGENTS B:D/ "I +1?/ 1+6+/? #/04214 1-0 >/44 1-: 0/ WHATSOEVER -&-+14: -1A -1? ->> 26 ANY -1A KI.+1? 20 NATURE -A ,/ PERSONS") HARMLESS AGA NST I AN Y AND All LOSSES ND OR Y BE FD-:42/ /0 THAT :D-: MA >244/4 OF -0+4+1& -1A +1?/F+6+/? #/0421 AR 2 : OF, F-A I+ #24/? MPOSED 1 ON, +1 00/? INCURRED BY AGA NST I ANY INDEM'l FIED l PERSON NG SII OUT 0 ASSERTED +1 ANY -44/0:/? -&-+14: ,A, OR -1 WAY 26 IN 26 TH 211/ :/? 0/4 >: OF: :D+4 2:D/0 CONNECTED F+:D WITH 20 OR AS THE EXECUTION OR ?/>+ /0A DELIVERY OF SI AGREEMENT -&0// /1: OR -4 A- RESULT /L/ :+21 0 -1A OTHER 26; (I) 20 ANY B+ :D/ >2-1 D/0/,A OR 20 THEREBY, -1A -&0// /1: 21:/ #>-:/? HEREBY :D/0/, THE LOAN ?2 /1: DOCUMENT 20 OR ANY AGREEMENT OR NSTR MENT U CONTEMPLATED 0 I+14:0 /1: :D/ 0/4#/ :+ / 2,>+&-:+214 #-0:+/4 D/0/:2 PERFORMANCE BY :D/ THE PARTIES HERETO 0 OR THERETO R I RESPECTIVE OBLIGATIONS HEREUNDER 26 THE :D/+0 0 D/0/ 1?/0 OR #/0620 -1 / ,A :D/0/:2 OF D/0/,A OR :D/0/ 1?/0 20 THEREBY; 21:/ #+-:/? HEREBY 20 THE :D/ 214 -:+21 +0-14- :+214 CONTEMPLATED :D/ THEREUNDER OR CONSUMMAT ON I OF THE TRANSACTIONS 26:D/ :D/0/,A; 0~ B++ THE 26 :D/ 4/ #02 //?4 OF 26 THE :D/ LOANS; :D/ FAILURE 6-+> 0/ BY , BORROWER ,2002F/0 TO : BORROW ,2002F THE :D/ AMOUNT 4#/ +6+/? - 2 1: SPEC USE OF THE PROCEEDS FIED I IN+1 >2-14G 011) B+++ THE >2-1 0/U /4A -1A A- LOAN REQ EST U ONCLUO NG I ANY FAILURE LL I THE :D/ FAILURE 0/4 >:+1& FROM 602 THE 6-+> TO :2 FULF :D/ APPLICABLE 6 >6+ 6-+> 0/ RESULTING -## -,>/ B+1 > ?+1& ,A REASON #026+: I AND -1? LOSSES , INCL NG DIU ANY CONDITIONS PRECEDENT) >244/4 BY -1:+ +#-:/? PROFITS 21?+:+214 +1 > ?+1& 26 THE -1A LOSS 0/-421 OF :D/ #0/ /?/1: >244 OF 26 ANTICIPATED ,A LENDER :2 FUND >+U +?-:+21 6 1?4 >/1?/0 TO LIQUIDATION 20 OR REEMPLOYMENT OF ?/#24+:4 DEPOSITS OR NDS ACQU RED I BY - U +0/? 2:D/0 FU 0// #>2A /1: 6 :D/ LOAN; 6 1? THE 20 OTHER >2-1G (IV) B+ #/0421E4 4 D 0/4 >: FROM FD+ D 602 2 1+ - D214 SUCH +1?/ 1+6+/? INDEMN FlED I PERSON'S ACTS OM SSlONS I WH CHI RESULT COMM CATIONS I NU GI&+ /1 VEN OR - :4 OR 0 20 2 +44+214 FD+ D FD+ D ARE -0/ I+1:/00 #:/? BORROWER 20 OR ANY , WH CHI ARE NTERRUPTED, WHlCl-l PURPORTED TO BE &F/1 GIVEN¡ BY ,A ,2002F/0 -1A DESIGNATED ?/4+&1-:/? PERSON -0/ #/0421 # 0#20:/? :2 ,/ +4 1?/04:22? OR -0/ +1 :D/ VIOLATION +2>-:+21 BY 26 MI SUNDERSTOOD . WHICH ARE IN 6- : FACT FROM ; (V) ,A BORROWER #/04214; 1- :D20+T/? PERSONS ,2002F/0 OF 20 FD? D 602 UNAUTHORIZED B THE -1A >/1?/0 ON ,A LENDER +1 > ?+1& AtN ANY -## -,>/ APPLICABLE LAW, /1 +021 /1:-> LAW; -1A ENVIRONMENTAL :D/ RELIANCE 0/>+-1 / BY 21 EACH /- D NOTICE 12:+ / >-F INCLUDING >-F; (VI) B + THE ,A BORROWER ,2002F/0 OF -1A BREACH 21 ,/D->6 ,0/- D BY PURPORTEDLY GIVEN , BY OR BEHALF OF I) ANY # 0#F:/?>A &+ /1 20 ON 6 BORROWER; 26 ANY -1A OF 26 ITS +:4 ,2002F/0; (VI -1A 1?/0 ANY >2-1 DOCUMENT, 0/#0/4/1:-:+214 F-00-1:+/4 -&0// /1:4 UNDER REPRESENTATIONS, WARRANT ES , I COVENANTS OR NCLUD NG I ANY 0 AGREEMENTS -1A LOAN ?2 /1: I+1 > ?+1& 2 /1-1:4 ?/6- >: 0 0 PROCEEDING -1A CLAIM :2 DEFAULT OR / /1: EVENT 26 OF ?/6- >:; DEFAULT; OR . LITIGATION, NVESTIGATION OR 0/>-:/? TO #02 //?+1& RELATED >+:+&-:+21 I+1 /4:+&-:+21 0 (Vlll) >-+ B +++ ANY -1A :D/0/+M2 #-0:A THERETO :D/ 620/&2+1& -1A +1?/ 1+6+/? #/0421 I+4 0 ASSERTED WHETHER NG,I OR NOT INED DEMN IF I PERSON S A- PARTY , OR ANY 26 OF THE FOREGO FD/:D/0 20 12: ANY -44/0:/? -&0// /1+M OR AGAINST ANY I+1?/ 1+6+/? NDEMNIF ED I PERSON A$ - A 0/4 >: RESULT OF :2 THIS ,/+1& PARTY #-0:A TO #/0421 -4 -&-+14: -1A >/1?/0 BEING :D+4 AGREEMENT 20 THE :D/ 26 LENDER :D-: BORROWER /L /#: THAT ,2002F/0 SHALL D- / :0-14- :+214 -&0// /1:G EXCEPT TRANSACTIONS CONS MMATED U PURSUANT TO TH S I AGREEMENT; VE NO # 04 -1: 214 -:/? :2 :D+4 12 4D->> HA F+:D RESPECT :2 LOSSES 2,>+&-:+21 TO 0/4#/ : TO OBLIGATION INDEMNIFIED PERSON UNDER TH SI SECTION :2 AN 602 >244/4 RESULTING -1 +1?/ 1+6+/? :D+4 4/ :+21 WITH 0/4 >:+1& FROM #/0421 1?/0 :D/ GROSS -) DETERMINED +1?/ 1+6+/? #/0421 AS L +4 21? : MISCOND CT U OF EDIF I PERSON THE NEGLIGENCE 20 OR WILLFU ?/:/0 +1/? BY ,A THE F+>>6 > :D/ &0244 1/&>+&/1 / 6 THAT INDEMN 6+1-> :D-: ANY +6 - CO 26 2 #/:/1: -1? TO :2 THE :D/ EXTENT DGMENT 26 OF A R U T OF COMPETENT JURISD CTION. I IF ANO NDEM TY NI FINAL JU -1A IB1?/ 1+:A ?& /1: /L:/1: THAT 0+4?+ :+21 2 0: 1?/0 THE 620 ANY UNDER LOAN ?2 /1:4 DOCUMENTS +1 IN FA VOR OF INED DEMN FI I PARTIES IZ4 S UN ENFORCEABLE FOR , 1/1620 /-,>/ #-0:+/4 -1A REASON 6- 20 26 +1?/ 1+6+/? 0/-421 :D/ >2-1 -1? SATISFACTION ,2002F/0 #-A /1: AND -./ THE :D/ MAXIMUM :2 THE :D/ PAYMENT 4-: '6- :+21 THEREOF BORROWER 4D->> SHAU TO CONTRJBVTION TO :2 MAKE :D/0/26 -L+ 21F+, 21 FD+ D 1?/0 THE >2-1 DOCUMENTS :D/ LOAN WHICH I+4 S #/0 +44+,>/ PERM SSIBLE I UNDER CABLE I LAW. ALL NDEMNmES UNDER 26 1?/0 APPL >-F ?2 /1:4 IN +1 FAVOR 6- 20 OF -##>+ -,>/ ->> I+1?/ 1+:+/4 :D+4 INDEMNIFIED #-0:+/4 PARTI SE SHALL NATION I OF S AGREEMENT : +1?/ 1+6+/? 26 Tiil 4 0 + / THE 4D SURVIVE -&0// /1: :/0 +1 +21 :D/ TERM F: FK " =$ " 17 279 ( I -1? AGREE :D/ PART -&0// NOT #-0:+/4 :2 ELECT - TRIAL ,A 2 /1-1: AND />/ : A 12: TO :0+-> BY 10.16 WAJYEB OF TRJAL BY JURY. THE ESI (A) B- COVENANT 0A +1 -1A - :+21 -1A CONTROVERSY 620 THE 20 CLA 21:02 /04A OR >-+ #02 //?1& FOR 20 PROCEEDING :D/ RESOLUTION 0/42> :+21 OF 26 ANY :D-: ARISES -0+4/4 JURY IN Atff ACTION OR M I THAT >2-1 DOC 2 : :2; B+ :D+4 AGREEMENT; 0 B -1A LOAN FD/:D/0 -0+4+1& I+1 -&0//+/1:; OR ?2 D/1: 21:0- : OUT 26 OF 20 OR 0/>-:/4 RELATES TO: (I) THIS QQ ANY M U ENT , WHET ER H ARISING N CONTRACT, :20: ,A 4:-: / -1? COLLECTIVELY, 2>>/ : 1/>A A- ·coNTRQYERSY OR CLAIM" :D/ :2 THE -1? TORT 20 OR BY STATUTE B+1? ? ->>A QNOMDUALLY AND ; ) AND , (B) B, TO /L:/1: ,A APPUCABlE -##>+ -,>/ LAW, D/0/A IRREVOCABLY +00/ 2 -,>A WANE :0+-> BY ,A JU 0A :2 A- TRIAL 0+&D: TO F-1/ AU >-F HEREBY ->> RIGHT -4 TO :2 EXTENT #/0 +:+M/? PERMITTED BY RY AS -1A -0+4+1& 2 1:/0 >- #02 //?+1& 0/>-:+1& HERETO D/0/:2 IN +1 AHY -1A ACTION, 20 COUNTERCLA 2 : OF 26 OR 20 RELATING - :+21 PROCEED 0/>-:+1& MN +44 / ISSUE RELATING NG I OR M I ARIS NG I OUT A :D/ FUTURE. 6 : 0/ THE >2-1 DOCUMENT ?2 ,+: TO :2 THE :D/ /L:/1: 4 D 0+&D: /L+4:4 NOW 12F OR 20 IN +1 THE :D/ PROVJSIONS #02 +4+214 OF 26 TO -1A AHY LOAN EXTENT SUCH RIGHT EXISTS -1? VOLUNT .12F+1&>A AND 2> 1:-0+>A; 4/ :+21 ARE THIS SECTION El Y GIVEN ARil. Y¡ AND :D+4 -0/ SEPARAT 4/#-0-:/>A &F/1 BY ,A EACH /- D PARTY #-0:A KNOWINGLY -1? ARE -0/ A- MATERIAL -:/0+-> +1? /D/1: FOR /1:/0+1& INTO +1:2 THE :D/ LOAN >2-1 DOCUMENTS. ?2 D,+:4 620 :D/ INDUCEMENT THE >/1?/0 LENDER ENTERING UUD+,U /,F G :D+4 #02 +?/4 620 A- BALLOON #-A /1: ,->>221 PAYMENT ,->>221 ,2002F/0 10.17 BALLOON PAYMENT. TH SI -&0// /1: AGREEMENT PROV DES I FOR . BORROWER :D-: PAYMENT #-A /1: - .12F>/?&/4 :D-: >/1?/0 12: AGREED -&0//? TO :2 REF 0/6+1-1 / ACKNOWLEDGES THAT LENDER D-4 HAS NOT NANCE I THAT .: I " "" """'"" """"" 10.18 USA Patriot Act Notjce. Federal law requires ell financial lnstitutions to obtBJ ,n verify and record Informatico that Identifies each person \lltlo obtains a lom. >" "! %"R "%E' " " " % % Lender will ask for the Borrowe sr' legal name, address , tax ID number or social "" R * "" $ ' " " R " $ R %$ N " > %" < ' '! % R security number and other Identifying 7 lntorma!lo . n Lender may also~ for additio aln Information or documentation or take other ' % < " % % 7< actions reasonably necessary to verify the identity of Borrower, any guaran ors t or other related persons . '" ' " $< ""<"5 R7<" "< "% "< """" " $% $ * $' ' The parties have signed this agreement effectNe as of the day and year first 'Mitten above. "R ' " "" $ R ' 7" < % < "" "" BORROWER UU00UF// - % '' for 7" ; Address notices: ) ) 515 4 % Sedro ' " Street Tulare, CA 93274 (8 9 "" ? ->-?-2 ' - $ % $ % '' $ ; notice $ by $ Alt8ma!9 ad rdess for S. Mail: < U. " 89) 3451 1 %$ North Blackstooe Tulare, CA - 93274 (8 9 "" ""; - $ '' 7 K Address for notk:es: ) ) 4$% $ I 9 Stleet 515 Sedro Tulare, 93274 - (8 9 +" " CA F " ]-C ?] ?E I 18 280 I ~ RABOBANK, NA - % '' 7 % nollœs " '; Address for : 9) ) 4 $ 507 45 E./ 0 5 % River # %! Park # Place F '$ West. Suite Fresno, -(8 CA 93720 6% ' % "; ~tien: Ag Ftnooœ Ooslng Department ? *" $ - 6 " " 5" % " ( 19 281 I e - /N A' Exhibit . : 0/?+: -&0// /1: To CREDIT AGREEMENT 1 - Lender : Rabobank , N.A. > 0 ! ? Valadao $ ' D. Jose BORROWJNG BASE CERTIFICATE : ', %% 5 , ' $R R" N " " "" "" """ " This ~ aase Certlflclia (~ï Is executed 111d deivered pursuant ID the terms of that certan Cred~ Agreement, by and between Borrower and Rlixlbank, 1N.A., $ ' 6 5 %< dated as of Febru~ 18, 2011. as the 88llle may be emended from. time to time (the $ , " ;0" ! "" "" < 7" "$ R B 'Credit Al',eementj. Capitalized terms used ln this BBC and not otherv.ise defined 11ere 1n· hM the seme meaillng given to them " " " RR "" ,, $" " " " R" 1=" " $ 2$ - " % ln the Credtt Agreement. Co lateral l ((" "" ~ 26= 0/? BORROWING >+1/ LINE OF-CREOJT SE: ,2002F+1& BA ,-4/; 1. = ,//H EUglble Collœl rel /7 ? %< Eí,glble D¡¡ry C8tt1e ' $8 / Ellg Ible 6 F Eled + 5 %< I nY8ro>ry 100% \ $4 Eliglble Feed /N* ' K Expenses . / Prepaid #% * 6 $4 \ 100% $) / 7 I+ 5 ' 5"$ nvestment + ln Gl'O\Wlg El!gíb!e &" Crops % *' $' \ 100% $' / ! ? 7 %% ! - $' Receivable 0 5 $8 \ 100% $8 FF 'Mlh Lender , %"%5 " "" on any account of Borrower (). % $ _ 100% ) $.) _ $ _ \ 100% $. _ $ _ $ _ $. I _ $ _ 4 > 1Q and - W '$" $; Adjustments : $ Total Uabllltlet - Perçenjage $8 T ) 8 4 Lile of Cß3dít Borro:1,qng 6m (T Otai EligJble Collateral lèss Tola! Uabllltles Md B:2 /F 2+ 2 +244:2 >F Adjustments) - "$""$' ("" FFF - -+>-,>/ CREDIT: AVAILABLE N "; 4.9 ~~~ ~~ $' : $ Total ! EBglble " K Colateral 3. "" 0 " ~ Perce tage n 100% \ 81glble Daferred Mlk Accoun1s 8 " "" Qutstrodloo Loans ) F s.) Une of croott Eacittv Amount $2, 500,000.00 ]) ( = 6.)= Avallabje Credit )( , ' % > 7 (L&s8ef of 75% K of $ the Line CredK Borrowng or Line of B> " B8 > of , %% Base % K 6 $< -" $ ) Credit FadlltyAmount $ 4 _ - -+>-,>/ 1/ 26 0/?+:; AVAILAB LE 0/?+: CREDIT AMOUNT UNDER TH E UH E OF CREDIT: - 2 1: 1?/0 :D/ ? "] ; 20 282 I - : $'K of Available Credit " $ " > ' Total mnus 2 $'$ Outstanding Loans B >+ - (lìle 6 •= Une.4) $ _ The Borrower hereby represents, warrams, and agrees that as of the dala of submission: O) lhe lnfomlation contained : , "%%" <% *"' M "" """'" " " "" ; """" " + ',, "<'$ " $' % " ' " " "* "; " " $ ' " ',, $ in this BBC and any attachments hereto Is true, ccmct and complete; and (fi) no lnfonnatlon has been omltted from this BBC or < " " $ " " $" " ! $" ' "<" " "'* any attachments hereto that YiOOld make lt mlslsadilg ln my materiel respect. BORROWER - 0 *$ R5 Jose V81adao ' D. 2 /1K Credit~ 21 283 I8 EXHIBIT 284 • ? F • F ~~ Jíliö E Cl.. lf ää:h Cï >Úflê +? ¢Cïtdlt 4 t-tOl4~1 8"" ^ F 6 " " "" "" " " "" " """ F FFFF F """=F F """""" " "" " """$" "" " " """= " """" " " "" " " "" ""/+&+ &-F F DF ++ " "" """ """ """"""" "" " " " "" F "" "" """""=" F"" """" """ " """ " " /1? ?2 C FOR W.Ull ROOEl/'JiC , , ffiê i.tiÖíiiiigi'Jid , ~ li'ld co~~ . har¡by~mi.16 "1 .-,· btiliH1 rAO /LD+,+: EXHIBIT W F 285 I) EXHIBIT 286 ' D. Valadao Jose 7 Credit 98 9 9I= % $; 2* % $ Line of Operating : 4314048-01 - /1? /1: TO >2-1 DOCUMENTS FIRST AMENDMENT 04: D /1:4 : LOAN : ' -" " $ + I Loan > Documents ? " $' evidencing $ above 5 referenced 7 % ' transaction $% ' {hereinafter 5 the R%'$ Amendment This is $ the first to the B % 7$ % the $ C" B] D. ? Valadao") E-" " R C and -0A J. VALADAO ->-?-2 ("Jose ->-?-2 "Amendment") . lt ' is $ dated as May 24, . lt is JOSE ? D. VALADAO MARY Z < 9 2012 $ 24/ ' of ' between +$ +$ B Valadao"), ] husband B ' are ("Mary J. (Jose ? D. Valadao and Mary ' and wife % individually collectively, + 5 < and " R5 $< "Borrower") and %< J. Valadao ' follows 7 '; RABOBANK, N.A national banking . Borrower Lender agree : > % , %% % and $ '' $ ("Lender") % as ! association 0-,2,-1. 1 - ., a B . E ' hereinafter 5 % - % "" , %" % $ February % " $ is % % Borrower and Lender have entered + $ into a Credit Agreement dated (said > % I 2011, 6 % %< 18, B' agreement : Credtt % $ - % " $ all other $ % agreements instruments '$% " ' required ; % Q % by The Agreement and > % for ' " $' and < Lender % 7 %% referred $ to ' as $ the "Credit Agreement") . / capitalized ' in Documents". Each * $ term $ ' P " used this ' R this + ' Amendment not that $ meaning $ $ is " specified -" " $ $ $ % -" " $ will have 5 the $ $ Amendment that defined in the other > Loan ? "" ' Doruments and defined in '* R in $ R > accordance -" " $ 5 $ ' Loan ? "" Document. : ' This Amendment will be " $*% $ interpreted in Drafting Conventions . " " with $ the $ ?% % 7 + $ > % herein ' "Loan ' % the purposes 7 of evidencing Loan are to as % referred 5 or % securing * %* ' ' ' set 'K forth "' Amendment. > % wish *% 5 ' ' , %% % ' to $ amend " certain the in this -" " $ Borrower and Lender provisions of ? " $' as $ Loan > Documents B 2% =+ 1. Original +" " "' Instruments to Remain in Effect. 0 " + " R by /N *$ as Loan ' modified + ' Amendment, -" " $ each of 7 the > /R" Except < this effect ? " "' $ " according % 5 enforceable $ arises K and Documents ' $Y shall % " remain in and are valid, binding their terms . If any $ %"' % to $ % % ' ' between $ < conflict this Loan ? " $' Documents, then ' control. $ ' Amendment -" " $ and $ this $ ' Amendment $% 7 > -" " $ shall $ original the +7 $ ' Amendment, after $ date Effect on Loan Documents. On of reference 7$ % the " $ each ? " $' 2 and 7 this % 7 % in the $ Loan > Documents E % and % 7 C ''herein" 'hereunder,' ''hereof," shall mean F) Agreement", such ' other $ % like terms $ %"' ' "" and be a reference % 7 % to $ the > Documents $ Loan ? " $; - % " $ $ (a) to 'this $ ! ' as " amended < by $ ' this -" " $ Amendment. amendments /77 $ B Amendment. Unless '' ' {b) Effect (K of this otherwise '$ $ stated % herein, the " and changes this $ ' " " $' contained $ in B -" % " $ Effective ' /RE 5 $ $ R%'$' $ the $ ' Amendment -" " $ (the Amendment be " $ 5 effective ' as of date first set forth 7 the $ this 7 %$ in -" " $ shall * paragraph $ opening B$ 'Amendment * % % * to ?-,C = Date1. 2. ' follows - % " $ is amended : Credit " as 7 Modified Tenns of $ the % $ Credit Agreement. : % $ Agreement $ The )( \ :) (G K ' (a) B : Line > 7 % $ terms conditions /N *$ ' The of Credit . Except as amended ' and " below, " ' relating $ Line % to $ the > of 7 all % $ + 7 Credit ' shall % "=" remain in full force and $; effect: % ' E following $ : " " " in + its + entirety 4 Section 1.03(c) is " < hereby amended and superseded $ 8" " with $ the ; : Borrowing % purposes , ' for Loan (e) The % each > will determined $ most * %* ' ' of , %% Base be "" by " '$ < the B recent Base Certificate received < by Lender, % $ Borrowing , %% , ' & $$ % 5 $ adjustments W '$" $' by > % consistent ' W $ however, 5 % to $ this > % subject ' '$ $ with $ ' < Lender % " $ t. agreemen ii the 7 ; following: $ K 4 $ $ and " $ % " % $ % Section 1.07 (al. (bl. hereby amended in their entirety and replaced + (cl are % with Line ' * < (a) Borrower pay accrued Credit on y l 1, 2012 $ % 'K on the > of 7 % $ Ju and , %% % shall % interest < B on the day of each month %$ after the Closing . R%'$ < $ first 7 " $ ? $ to ? $ ' Date $ the $ Maturity $" %< Date % $ principal (b) Borrower 905 00 ,,. on ' pay > of $ amount " $ of *% * in , %% % shall + the 7 $11 7 Credit July [ E( ) E < * < Line B " R%'$ 7 each month " thereafter $ % 7$ % $ 1, 2012, and on the first < day of to the Date (defined $ Maturity B R herein). % ""< ? {e) B $ The balance of, on, and * accrued unpaid all other % interest * principal $ % '$ : unpaid *% * K all Jose D. Va adao l First -"" " " Amendment to Loan ? " Docum nets R%'$ $ > L EXHIBIT /LD+,+: X 287 I % charges % under + ' this % " agreement with % '* respect $ to $ > the Line 7 of % $ Credit, ' shall be * paid on < May )E 5, 8 2013 B$ (the C $ % $< "Maturity ? $ ] Date'). % " $ $ + " Section 2.03 of7 the Credit Agreement is hereby deleted in its entirety and superseded $ with (b) B $ the ] ; following: 8 2.03 6 Late Fee. : To $ N$ $ * %" $$ the extent permitted < by -** Applicab e l > Law, , %% % Borrower ' shall * < pay a $ late 7 fee in $ the " $ amount K $ $ of \ 6.000% 7 of $ the " $ amoun t of < any ' scheduled * <" $ payment due *% 5 prior to the $ % $< Maturity ? $ Date $ $ that ' is $ not * paid in 7 full when G due; *% 5 prov ded, i $ $ 5 %; howeve r, that < any * <" $ payment 7 % for $ the 7 full " $ amount $ then due that +' is " made within 10 <' days 7 of $' its due $ date ' shall $ not be ' W subject $ to a $ late fee. : The "* ' $ imposition and * <" $ payment of a late + fee +++ will $ not '$ $ $ constitute a 5 % waiver % of > M' Lender's % ' rigths with % '* $ respect + to /5 $ an Event 7 of ? $ Default ' as 7 a % ' $ result $ of that late * <" $ payment. " K $ " (c) Sectlon " 2.04 7 of D ; the % $ Credit - "" " Agreement " shall be " replaced in $K its entirety " and superseded ""; with " C ]/ K 2.04 9 Default Rate. * Upon $ the %% occurrence K of an /5 " Event 7 of ? 7 $ Default, $ the * * principal balance 7 of $ the > ' Loans and, $; B " the following: to $ the N " extent * permitted < by -** Appl cable i Law, all $ % other 2 $ ' Obligations ' shall, 7% " from the $ date K of an /5 $ Event 7 of ? $ Defau t l $ until $ the $ date > % Lender > notifies , " % Borrower $ $ that ' such /5 $ Event $ of ? 7 $ Default ' is 5 waived % or "K cured % or all 2 $ ' Obligations % are * paid in 7 full, % bear $ % '$ $ interest at $ the ? $ Default 0 $ Rate. $ R ' 4 W $ Subject + to $ the *% 5 ' ' provisions K of 4 $ Section ) 2.05, the ? 7 "Default 0 $ Rate' " ' means B (a) $ with % '* $ respect $ to " the * unpaid *% * principal balance 7 of < any > Loan, the % $ rate * % per " annum which ' is Q equal $ to $ the $ % ' otherwise **R applicable % $ rate, * ' plus ) \ 5.000% * % per "G annum; and B {b} with % '* $ respect $ to all $ % other Obligations, ( 10.000% * % per " annum. + $ % '$ Interest * < payable $ at $ the ? 7 $ Default 0 $ Rate ' shall be * paid 7% " from $ " time $ to $ " time on " demand, % 7 or if K not 2 $ ' : *$ ' ' 7 sooner " demanded , on $ the R%'$ first < day 7 of each " $ month. The prov sions i of + ' this ' $ section " < may " result + in the "* compounding 7 of "'$ interest. : The ' % onsi of $ ' this ' $ section will $ not '$ $ $ constitute a waiver of < any /5 $ Event of ? " Default. provis 7 *% 5 ' ' 5 % 7 {d) B following: 7 "; E$ $ $ ' in $' Section 2.11 of the Credit - Agreement shall be replaced its $ % entirety and superseded the $K with E 2.11 Inability to U Determine 0 Rates. ++If, in $ connection $ with < any > Loan $ bearing $ % 'K interest $ at a % $ $ rate to be + < $ %" " determined + in whole or in * %$ part on $ the ' ' 7 basis of an ** applicable >+,20 LIBOR ' based + N index B (a C>+,20 "LIBOR , ' Based 0 $ ] Rate , ) " > % Lender %" determines $ $ that % (a) United 4$ $ ' States % dollar * ' ' deposits % $ are not being 77 offered $ to !' banks in $ the > London " ! interbank " " market 7 % for $ the ** applicable " $ amoun t 7 of ' K such B or B (c) $ the ** appl cable i Loan, B (b) Q $ adequate and " ' reasonable " ' means do $ not N '$ exist 7 % for $" $ determining the ** applicable >+,20 LIBOR , ' Based 0 $ Rate, % > >+,20 LIBOR , ' Based 0 $ Rate ' does $ not Q " $< adequately and 7 % < fairly % $ reflect $ the '$ cost $ to > % Lender 7 of 7 funding $ $ that > Loan, > % Lender will *""* < prompHy ' so $ 7< notify the , % Borrower . : % $ % Thereafter, $ the $ obligation 7 of > % Lender to " ! make % or " $ maintain < any > Loan % bearing $ % 'K interset K at ** the applicable ,20 LIBOR , ' Based Rate ' shall be ' '* suspended $ until > % Lender % 5 ! ' revokes ' such $ notice, and all > ' Loans which would $ % ' otherwise % bear % '$ interest $ at $ the ** applicable 0 $ $ LIBOR , ' Based 0 $ Rate ' shall " accrue $ % ' interest at a "* % comparable $ rate ' based on an + N index ' $ designated < by > % Lender in ' its ' sole "$ discretion 7$ % after >+,20 M notice $ to , %% % Borrower. : Reporting 0 " Requirements . The ' $ section $ $ tilled 0 * Reporting 0 Q % " $' Requirements K under the Credit - % " 7 Agreement ' is 5 < hereby 83. $ % $ " $$ " amended ' as 7 '; follows: 9 a. $ the 7 R ; following: Section +KKK 6.07(al of $ = the "" Credit - % " $ Agreement shall be % replaced in its " " entirety + and + " superseded $ with " current ' as 7 of the end 7 of $ $ that " ; month; $$ $ $ 4. K (a) B ' + +$' , " no " later $ than 20 <' days ' ; after $ the end K of each " $ moth n, a Borrowing , ' Base %$ R $ Certificate Borrower's Representations. +ln $ addition $ to $ the %'*% ' ! $ ' reper sent ons ati and %% $ ' warr esi tan made < by , %" % Borrower in the " ts,n , %" Q Borrowe r warrants and % *% ' $' represents $ to > % Lender ' as 7 '; follows : Loan ? % ' Docume %% $' > 5. ) % 1 No G Change + in , "" % Borrower. : % There ' has $ not been < any change in $ the %' * ownerphis or '$% $ % structure 7 of , %% % Borrower %$ % or theri bus ness i ; that $ the % ' $ ' resolutions *% 5 provided $ to > % Lender $ with % '* $ respect $ to the Loan ? " $' Documents % are in full force and $7 G effect; and $ $ that the $ $ $ > 7 7 % ' ''G $ $ undersigned remain $ 5 author ed iz to act on behalf K of and bind , %% % Borrower ' as **% *% $ appropr ate. i %' % " If < any 7 of $ B % the forego ng i is % $ inaccurate % or ' any and $ all "' claims, "" < +K ' incor ect r, in < any < way, $ the %' undersigned , as 5 ' individuals, % agree $ to " 7< indemnify and hold > % Lender %" '' haess rml from %% $ % exper ences i or %' incurs ' as a ' $ result. losses % or " ' damages $ K that > % Lender N* % ' '' ' Jose ?A D. Valadao 2 First -" "" Amendment + to > Loan %' Documents " 288 II 6. No /5 K Event (7 of ? 7 < G Default. : % Theer is no /5 $ Event K of ? 7 Defua lt % or 5 $ event whic , h $ with $ notice or the *' lapse K of R" time would be ) ' % $ of Default % undre $ the > Loan ? " $' Documen ts. an /5 $ Event K ? 7 7 " ' 7. Warranty 7 %" $ Information . : The 7 %" $ infonnat on i furnihsed $ to > % Lender < by , %% % Borrower ' as * part 7 of $ ' this -" " $ Amendment % were D V; 7 % ' ' 7 % > % furni hsed as a " $ % materia l " $ inducement for Lender + to " <$ modify the %"' terms 7 of $ the > Loan $ with , %% % Borrower and ' is 7 %" $ information * upon which $ the , %% % Lender ' is relying on in granting the terms hereunder . Borrow r e 7 %$ K further %% $' warrants and % ' guarantees $ $ that all $ the 7 %" $ infonnation 5 given to $ %"' % % > $ % " % < the > % Lender +' is "* $ comple , et % $ accurate and fu lyl % *% ' $' represents , %% %M' Borrower's R financ al i and * % $ opeating r cond tions i . $ $ ' 7 < 8. I Continuing 0 % $ $ ' Repreestion nt as and F %% $ Warrantie s. The "*% ' $ R ' representation s and %% $ ' warranties 7 of , %% % Borrower ' $ set Y forth + in : $ the > Loan ? " $' Documents % are $% true, %% corre, ct and "* comp et l in all mate l ari respects . " $ % $ % '* $' 9. ( > % Condition s 7 of $ ' this Am endnt. m e Lender ' shall 5 have no R obligation $ to N $ execute $ ' this -" " $ Amendment % or * %7 %" perform $' its -" " $ $ ' 7 $ ' obligations % under $ ' this -" " $ Amendment '' unless and $ until $ the following conditions % are ' $ 'R satisfied on % or 7 % before June I8, 2012 B :" W ("Termination $ ' If $ the P following $R ' cond tion is precedent % $ are not ' $ 'R satifsed i on 27 or 7 % before $ the : %" $ Termination ? $ Date, $ then $ $'$ the outstanding *% * principal +7 *% $ ba ance l of $ the > Loan and all $ accrued and * unpaid + $ % '$ interets and all $ % other " $' amounts * < payable under the > Loan ? " $' Documents shaH become K ' K " immed atelyi due and * < payable $ $ without *% ' $" E presentment , demand, *% $ '$ protest, $ notice K of $ $ $ intent to % $ $ K accelerate, notice of % E acceleration % ór " "" $ $< $ not cei % Q % " $' requirements 7 of any other ! kind, all 7 of wh chi % are 5 waived < by , %% % Borrow r e and > % Ledn er " < may N % ' exercise < any % or all 7 of $' its % $' rights % under < $ % the > Loan ? " $' Document , s % unhind edre by $ ' this -" " $ Amendm nt: e $ < Date.' ) ( ] and (a) B , %% % $ ' -" " $ Boror wer ' has N $ execuet d and 5 % delivered this Amendment $ to > % Lender, and > % Lender ' has N $ exec tedu this Amendment ; $ ' -" " $ (b) B > % ' $ % s ' % *$ receipt 7 of all $ % other " $' docum nts e, information and other *% ""' preconditions 5 Q % required < by > % Lender. Lender 7 %" $ 10. Reserv tion a of 0 $' Right . s : Though > % Lender ' is % agreeing $ to " amend the Loan ' as ' $ set 7 %$ forth herein, > % Lender % ' %5 ' reserv se K > 0 ' %5 $ % $' all rights and remed es i to wh chi ' it is, % or " < may " become, < legally "$ entitled % under $ the > Loan ? " $' Documents . Accordingly , $ ' this -" " $ Amendm net $ % " ' - % < % % " < 7 $ % ' does $ not '$ $ $ constitute a 5 % waiver 7 of < any % $ right or remedy $ $ that " < may % or in $ the future does " become 5 availab e l $ to > % Lendre % or of any 7 $ defau t l % or ' 7 < Event 7 of ? 7 $ Default %% occurring 7$ % after $ $ the date 7 of $ ' this Am endment. -" " $ /5 $ 11. No "" $" Commitment ' as $ to 6 $ % Future 6 Financin . g : ' Th si -" " $ Amendment +' is $ not a "" $" $ commitment on the Lender's * %$ part to $ > % ' $ provide , %% % $ Borrower or < any % $ relaetd " $< entity $ with < any $ % futuer fina cinng in < any " $ amount < beyond $ the $ %"' terms ' $ set 7 %$ forth in $ ' this Amendment. R -" " $ *% 5 ' 1 % , %% % 12. No 277' $ Offset, ? 7 Defense or " Claim. Borrower do $ not 5 have < any B (a) 77' $' offsets '$ against B the " $ amount * < payealb % under $ the > Loan ? " $'G Document ; s B (b) 7 ' ' defse ens to $ the * <" $ payment 7 of < any " $' amounts % under $ the > Loan Documents ; ; or B (c) "' daims '$ against > % Lender + in $ ? " $'G conne tion c with $ the > ? " $' Loan Documents . : To $ the L+ ! extent < any ' such "' claims do exist, , %% % % < Borrow r e hereby 5 ' waives $ " them to $ the 7 '$ fullets N$ $ extent $ $ N '$ pennitted < by law. * 8 1 7 13. No F 5 % Waiver. : The N $ exec tion u, delivery and '' effectivness e of $ ' this -" " $ Amendment ' shall > not, N * ' except as N*% '' < expressly 5 %< provid de herein, * % $ ' operate as a 5 % waiver K of < any % $ right, * % power % or % " < remedy K of $ the > % Lendre % under the Credit - % " $ Ager ement $ or $ % other > Loan *% 5 $ % $ Document s, % nor '$ $ $ contsitute 5 % a waiver 7 of < any *% 5 ' provis on i of $ the % $ Credit - % " " Agreement % or $ % other > Loan ? $' Doc ments u . $ ? " $' 14. 9 Expesnes . The Borrowe r ' shall * < pay on " demand all '$' costs and N* ' ' expneses %% incurred < by F the > % Lender in " connect on i 4 "" % : /N " + $ ' with $ the *% * % $ preparati on, N execu ion t, delivre,y filing, an d " '$% $ adstra min on iti of thi s -" " $ Amendment B (includg,in without " $ $ limitation , > Legal 6 ' Fees RR $ 5 %< $ $ + %% $ -" " $ incurred + in $ conn oneci t with $ the *% * % $ preparation 7 of $ ' this Am endm ent and R' advising $ the > % ' Lender as $ to +$' its R $' rights, and the cost $ of < any % $ credit $ '$ 5 % R $ % * %$' 7 $ % verification reports % or fiR eld N " $ ' exa antion mis of the , %% %E' Borrow s 're proes peri t or !' boosk and % % ' records) . Borrowe s r' $ ' obligation s $ to > % Lender *% * %$ ' , %% %' under $ ' this 4 $ Section ' shall ' %5 5 survive %" R termination 7 of $ ' this -" " $ Amnetdm ne and % * <" $ repaym t ne of , %% %E' Borrower's $ ' obl gations i to > % % Lendre under $ the % 7 $ " $ Credit - % " $ Agreent. m e ) : 15. Seveab rty ili of #% 5 ' ' Provision .s The 5 $< inty validi or 7 % < unenforcea bility of < any $ %" term % or *% 5 ' proviison $ of $ ' this -" " $ Amendment , % or 7 % K 4 5 " < ' in the Loan Document s, sh all $ not 77 K affect $ the 5 $< validity % or 7 % $< enforcaebility 7 of $ the % " remaining $ %"' tenns 7 of the Loan; and each *% 5 ' provision + in $ ' this $ > G Amendm nt,e or the > ? " $' ' Loan Docum nts, e as **% *% $ appropri , et a shall be 5 va di l and 7 % enforce able to the 7 '$ fullest N$ $ extent * %" $$ permitted < by law. -" " $ % ' $ $ $ > ? " $' 16. : Binding on He irs, 4 '' %' Success ros and -'' ' Ass gns. i The *% 5 ' ' provision s 7 of $ ' this -" " $ Amendme t n ' shall bind $ the % '* $ 5 respecive t D C , heirs, N $ %' executo , rs * %' persol an % *" $ 5 ' represes, nati evt admini oatrrst,s sucecssosr and '' ' assigns 7 of the parties. ' '' %' " '$% $ %' %' $ * %R '5 Jose E D. Valadao ' 3 to > Loan ""KO Doœments First -" " $" Amendmt ne 6 " 289 I( 17. Further Assurances. Borrower agrees to N $ execute < any $ additional " $' documents that may be '' %< necessary % or $ $ " < 6 %$ % -'' % ' , %% % % ' $ desired < by > % Lender $ to 77 $ $ effectuate the $ $ intent and * %* ' purpose 7 of $ ' this -" " $ Amendment. ' % 18. Execution in Counterparts. : ' This -" " $ Amendment " < may be N $ executed in < any " % number 7 of $ %* %$' counterparts, each 7 of which I /N $ $ ""$' " when ' so N $ executed and 5 % delivered ' ZZ shall be " deemed $ to be an % original and all 7 of which $ ! taken $ $ % together ' shall '$ $ $ constitute $ but one and the same '$% " $ instrument. ' " 19. ( Governing > Law. : ' This -" " $ Amendment ' shall be $ %*% $ interpreted < by **7< applying $ the ' la'NS 7 of $ the 4$ $ State 7 of 7 % California $ $ without & 5 % to regard $ $' its $ conflict 7 of law *% * ' principles . % % The * %$ ' parties 5 have ' signed this Amendment 77 $ 5 effective ' as 7 $ of the < day and < % year R%'$ first % $$ written 5 above. : $ ' -" " $ ,2002F/0 BORROWER F @ )@)@9(G E ? D. ->-?-2 VALADAO (T) V[)~¡jtU.-ö MARYJ.~D Ja)] >/1?/0 LENDER RABOBANK, 1 - N.A. 0-,2,-1. O S .>1 By:~ 1 " ; B Namé~ : $ ; Title :_~-- Jose ? D. Va adao l ' T%-E -+ %K --7"l-----~------- + @ 9 4 First -" 5 Amendm ten to > Loan ? " $' Docme utsn 6 %'$ 290 ( ' D. Va 0 2013 8 Jose adao l Renewal 98 9 9I= 2* % $ Opera ing t Line Credit: 4314048-1 > of 7 $ ; - /1? /1: TO :2 >2-1 ?2 /1:4 4/ 21? AMENDMENT SECOND LOAN DOCUMENTS above 5 referenc 5 the % % ? " $' evidencing $% ' -" " to : ' ' $ ' $ $ > Documents $ This is the second Amendment the Loan de transact on i (hereinafter B % 7$ % the E-" " C ' $ -0A J. VALADAO ->-?-2 24/ D.? VALADAO( +$ MARY 8 ++ ->-?-2 $ < 'Amendment . ) " lt ' is $ dated as May 1 , 2013. lt is betwe ne JOSE " B] ' Jose D.? Valadao ' ) and ' of ], %% and Valadao are % individ collectively B^ 5 < ('Marv J. Val adao ,' ) hu sband and wife B ' (Jose D. Val adao and ylal u and , "Borrower") Mary ' $ 5 < %< J. B]> %C Borrower > % % ' follows , %% % '' $ $ '; $ ! 0-,2,-1. RABOBANK , 1 - N.A., a nat onal i ban kgni associat on i ("~ . an d) Lender agree" as : - % " $ $ 6 " < ' previo Borrowe r and Lender have $ % entered i $ nto a Credit nemt dated February 18, , 20 , 11 tha t was slyu am edn ed by % $ Agree $ $ " > % 5 , % *% 5 ' < $ $ < that B' $E ? " $' ' ame % % % $ to $ as -" " $ " 5 " > Doc (sa ' the certa n i 6 %'$ First Am endment to me u nst dated May 24 d i agree emnt, as nd ed , i ' s here nafter i referred (" $ < $ Loan 9, 2012 C % K '$% " $' P % purposes % Q % < % " $' - % " $] : Credit > g % $ Agreement $ % - % " $ 7 evidencing 5 " "Cred t i Ag er ement') . The and all other agreeme ts n and instrum nts e required by Lend re for * %* ' ' of $ %" used / * $ $ ' Amendment $ -"" " $ that or secu ngi r the Loan are here n i % $ %% referred $ to as "Loan ? " "C Docum . ts "ne Each capita izedl term s defined % > % ' in this $ $ i ' the R in % ' % ' C> $ 5 that " % > other Loan ? " $' Docum nts e and not R defined in this have the " specified $ $ ' Amendment " meaning $ $ Loan > Document. ? " $ This : ' Amendment -" " $ will '* R in -" " $ ?% will interpre edt in " accordance with the Draft ngi Convent ons . i 5 $ ' " be "$ %*% $ $ the ' ))K %$ pro " certain > Documents ? " $' as $ Loan "" in this , " % Borrower and Lender wish to % further amend vision s of set forth > % ' $ $ ' Amendment. " '' ' -% " " $ ' Ame K the " R by 1. Origalin Instr m u ents to 0 " $ Rema n i in Effect. Except as modified nd t,me n n 2% -" " $ each + ' % " $' $ /N *$ ' $ Loa of > < this $ 5 % en % terms $ ari ' % val $ their $ %"' % ' ' Docments u sh all % " rema n i in effect and are id, binding and forceab e l accordi g n to . If+7 any ses between ? " $' $ 77 $ 5 + < conflict $ ' Am ' $% the -" " $ > this -" " $ Amend t nem and orig nali Loan Doc m u ents, the n this endm nte sha ll cont. rol ? " $' $ % $ ' " (a) Effect on > YK Loan ? " 2 Documents . On and et of dment n , each n t he Loa n Documen st after 7$ % the $ da $ $ ' Ame reference % $ % i 7 this -" " $ > ? " $' B to "this Ager ement , " "here "nder u , "hereof,' "here"in and such other lki e terms shall mean and be a reference to the Loan Docu emnts ?" E' as " amended < by $ ' this Amendment. ' -" " $ $ CD )) - % " $C C % %7 C % 7 ] % ^ ' $ % ! $"' ' " $ 7 % > ' $ $ chang am -" " $ (b) Effect of $ ' this Ame dment. n Unless se i st ated he rein, the se and entsdm ne contained '' otherw 5 ' $ "' " " $' /77 $ $ in this + ' B $ opening ] " " Effec $ ' Am * paragraph Amendm nte shall be effective as of the date first endment (th e "Amendment ive t * % % * to 5 ' -" " $ K $ R%'K set ' $ forth in the $ this ' -" " / R5 B$ Date .) " (I9( : Credi - % " $ is Moed difi Term s K of the t i Agreement. t Agreement ded en as - % " $ The : %"; Cred % $ % $ +4 am " ' follows: R B '; 2. ter condit " ' am , all $ %"' /N *$ as $ ' K % $ 5 $ to $ the (a) The > Line of Cret.di Except edn ed below ms and ons i relating Line of Credit sh all : $ > 7 % ' B 7 force rem n ai in full and effect: % " " 7 % ; + i. - % " $ sha ' rep + its % % $ Agreement Section 1.0 7 of th e Credit ll be aced l in d superseded $ +$; entirety $ % an %' with 4 $ 7 . : the following $ 7 G % intere ' pay $ Line $ % '$ (a) Borrower shall ts on dit on 3 and on the ," % the > of K Cre June 1, 201 % $ first % K 8 * < accrued B 7$ % the $ '" $ the " Maturity ? month Closing ? $ Date to te. day of each < Da " $ after < K 7 % $ > of $ " % K K $1 ' , %% % sha (b) Borrower ll pay Crt edi *% * prncipa i l in+ the amount of 100 ,905 , . on June 1, 2013 , ) 8 ) 8 * < Line B month " $ thereaft $ % 5 $ Maturity the $ the ? and er to te (defined . $ first R%'K day 7 each B 7 herein) $ % $< Da % on < of : * of *% * * (c) The un dpai prnc pal ii balance all unpai d accrued terest on , and l othe r ch agr es % in $ % '$ al % ' $ % Z, B 7 Credit, ' $ > ? $ C % $ the under + ' this agr tem ne wi ht % '* respect to Line of sh l al be di on , 201 4 (tB$ he "Maturity .)" 9 * C $ % $< Date $ " $ 8 pa May $ < 30 $ Jos e ? D. Valaao d Renew l a 8 2013 0 ' Second Am end m ent to Loan ? " " Docm unest -" " 4 $ 291 ( , %% % ' wa + addit $ rep % *% ' ' %% $ ' " the , %% % $ 8 the 3. Borrower' s ' % ' $Q ' Representations. ln ino to resentations and rranties ma de by er in < Borrow 7 '; % *% ' $' > ? " ' , %% % $' $ > % Loan Docum ,enst Borrowre warant rs and reprensets to Lender as s: ' follow (a) B the $ owner %' * % structure % the $ be ' % % of 1 : % has ' not , %% % K Borrow $ C No Change i+ n , %% %E Borrower. There en any ange in hip s or re or ri < ch + full $ the > Doc forc > % ? " $' $ Loan $ Lend % '* $ $ the % in effec res 7 % busine ; ss that the % ' $ ' resolutions *% 5 provided to er with pect to um nt es are e and ;t and $ $ $ 77 $G that ' ''G $ fore 7 ' i % $ Borr % " $ on be , %% % ' **% *% $ K the % %' P % unde signed r rem ain $ % authorize d to f hal of and bind ower as appropr ate. i If+7 any going is naccurate or $ act < of ' ind $ ind hold Lender > % harmle all claim %' %"$ '' 5 ' agr %% $ incorrec,t in any y, $ the unde rsi gned , as dual vii , s ee to emnify and ss from ,s % 7% " any "' " 7< < < wa < and N* % ' % % "C '' ' " ' ' a resul losses % or damag es K that > % Lender experiences or i %' ncusr as t. % eve A % 5 K /5 K K ? % the $ Eve $ lap *' (b) No Event 7 of ? 7 Defau t. l Th eer is+' no nt of Defa lut or nt which , wi th not ice or se of e would be K tim $ " 1( / + B > $ Loa an /5 K Event K of ? $ "K Default % under the n ? " ' Docum nes.t $ Le > % " ' 7 this , %% % ' $ ' Amendment (e) Warranty + 7 %% Information. : The in+ 7 %" formation furnish ed to nder by er as part e * %$ of -" " $ wer % F %% < Borrow B B % > % $ modify 7 the $ Loan > wi , %% % and $ %"' of " $ for $ terms $ % ' ' $ is + 7 %" $ upon +' information furni shed as a " $ % material inducement Lender to ht Borrower chi the " 7< the * wh $ 7 %$ % warrant %% $' guarantees the , %" % Lender ' is rel ying on in granting the $ %"' terms % % hereunder . Borrow er further s and on i given % $ ' that % $ $ all > % $ informat 5 to % < ope $ ' fully * % $ % $ the > % Lender ' is compl e, te accaruet and represe snt , %% %E' Borrsow 're fiR naanc l i and atring conditions . + < % *% ' $' $ "* $ (d) B; : F %% Continuing 0 ' $ $ Repre entation s s and nties a . Th e % *% ' $ $ ' reprenetsaion ts and nt aies of rowre set $ Warr warr %% $ ' Bo , %% % ' $ forth in+ all " $ % "* $ $ % compl the > Loan ? " $' Docmunest are $% true, corre ct, and ete in ma alteir res pect .s % '* $' %$ obligation ' N $ $ to $ $ ' 7 $ ' > % 5 $ exec $ ' Am +$' 4. Conditions of this -" " Amendmen t. Lend er sha ll ha ve no ute this endment or -" " $ * %7 its % perform 7 Z the B]: %" $ $ ' '' until $ followin ' $ 'R -" " $ obligati nos % under $ ' this Amendm nte unless and g conditi sno are ed on e June nation m i % satisfi or % befor 7 % 1, 2013 8 ("Ter ' *% $ % not $ ' $ 'R % be : %" $ Date Date . ) " If+7 $ the foll owing $ ' cond on it s i precednte are satifsied on fore the ? C ? $ , then 7 % $ Termination $ the or outstanding ' principal 7 *% * + $ % '$ all oth % $ % " $' payable > Docum % the $ Loan balance K of $ the Loan and all accrued and * unpaid int erets and er amounts nts e shall ome > * < under ' bec " ? " $' $ acc $ + $ $ *% '$ 7 acce $ $ immediately due and payab e l wit hout *% ' $" $ presentment. " demand, prot ets. not ice $ of inte tn to elerate , notice eration l or % $ of "" $ < % $ % * < , %% % 5 7 whi % wa > % N % ' $ % K < notice % Q % " ' requ rement i s of any oth er kind , all of hc are ived by er and Lendre may seci any all of er ! " $ its $' rights ' und % $ < Borrow " < exer < or + ' Amendm % -" " $; $ > Doc the Loan uments , unhind dere by this ent : ? " $' < (a) B $ ' Am % deliver 5 % -" " $ Lender Lender > % has N $ > %, and Borrower ' has execu tde and de this endment to s Amendmen t: N $ thi ' executed $ ' -" " $; (b) B > % ' " $ Len sed r' receipt of a fee in the ount of 00;.0 and $ am )) G 7 $50 " K (c) > % ' other " $' $ % precondition Lend s e'r 5 * receipt of all $ % other doc m u ents, i 7 %" nformat ion and s requ red i by r. % Q 5 *% $ ' > %E < Lende B > % $ am % " 0 %5 " 5. Reservation 7 of Rights. nder i+' s agr eieng to end the h here i,n Lende r res ervse : Le $ Loan ) ' $ fort > as 0 $' Though ' set 7 > 5 % % ' %5 ' % the $ Loan > Documents $ which il i+' % ma $ $ all rights and % " ' remedies to s, or y " become, legally tled i under . Acc ordingly , this nte ? " $' < ent $ ' Amendm -" " $ - % < " < $ futur % in the % does $ not ' $ const tutei a waiver of any ght % or rem edy that y or e doe s be come avai eabl to nder or ' 5 % K $ $ ma " 5 $ Le ' > % 7 any % " < % of % 7 $ or " < < ri% $ < default Event K of ? 7 $ Default %% occu ngrri aft er t he date K of thi s Am endm en t. -" " $ % + ' /5 K % $' +$ 6. ) > % ' $ Futu 6 $ % 6 commitm No "" $" $ Commitm nte ' as to re Finan cin .g This endmen t i ' s not nte on ds er' part $ a : ' Am -" " $ "" $" $ $ Len the $ 1 * to +" % fiR % provide , %% % Boro r wer or < any % $ related entity th < any future nancing i+ n any ount beyond the n this enm d net. " $ < $ terms $ %"' set ' $ forth *% 5 i+ < am $ ' Am $ $< wi -" " E % not $ hav , %% % 5 7. No 2 ' Offes,t ? ' Defense or " Claim. Borro wer do e any st aga nsit the am ount payabl e und er the ' $' '$ $ " $ % < (a) " * < / B offse any $ * <" $ % > Loa $ the " $' 7 ' ' Docume ts ; n (b) def senes to payment of ounts und er the n ? " 'G Docment u; s or nst ai Le nder in Loan ? " $' > "' ag % (e) < am > % '$ B B claims : the exi $ ex "' N$ $ ? " $' N '$ connec io nt wi ht the Loan Docu m ents . To etnt any such cl am is do s,t Borr ower here by waives them llest ext ent , %% $ $ B > ' $ " to $ the $ fu % < 5 ' N$ $ < ' * %" $$ perm tteid by aw. < l E effec 77 $ 5 '' : 7 -" " $ 8. No Waiver. Th e exe cution , de very li and veeni tss of thi$ ' s Amendm nte shall pt as expres y ls I N ' not 5 $< 1 F 5 % N *$ ' $, exce N*% '' < % % " < 7 the prode vid here,ni opertae as a waiver 7 of any right, * % power or remedy of er under the dit Agr ent em e or other Loan $ Lend > % % $ Cre % $ *'$ $ ' 5 % *% 5 % - % " $ % K > < % $ - % " $ 7 the P Cre % oth 5 7 < *% 5 ' Docum , nset nor con ittuste a 5 % waiver of any provi on si of dit Agr eemen t or er Loan um nt .es $ % % '$ $ $ > Doc ? " $' ? " $' costs dem " expenses '$' and N* ' ' i %% /N ' , %% % ' C 9. Expenses . The Borr owre shall * < pay on dna all ncurred by onei tc ( A > % in conn $ $ Lender < the 7 " ' 5 $ E5 %< -" " $ " adm with the prepa, niorat execu , noti delivery, fil ng i , and io intintsar of t$ ' his Amend ntem (iB+ ncludin , g with out lim onita, i al Fees N $ *% % $ $ > " $ $ Leg 6 ' advi 5 ' $ ' -" " $ incurred in connection wiht the preon paat ir of s Am enm d net and sng i the der as o i $' ts ri% $' ghts, and t he cos t of t 7 thi $ Len > % $ $ *% * % $ ' t$ K any "K < credi , %% % ' prop % !' *% * " ' $ Borrower's recor K the verification % * %$' reports or field N " $ ' exasm oinat n i of eies rt or books and s.d) Borrower's ons gati to 5 % R % R $ ' , %% %' obli $ Lender > % % $ ' 0 Jose ? D. Va adao l Renewal 201 3 ' 8 Second -" " Amendm t en t o > ? " $' Loan Docume snt 4 2 292 ( , %% % ' $ $ ' % -" " $ $ > % $ ' Am 7 under this Section ' shall ' %5 5 $ %" $ survive termin tio an of this endment and % * <" $ repaym ent 7 of Borrow er's obl gations i to Lender und er the % $ ' 4 $ Credit - % " $ Agreement. $ %" or % *% 5 ' $ ' -" " % 7 : 5 $< % 7 % $< 10. Severabi ity l of #% 5 ' ' Provis ons. i The inva idity l or unenfor ty abil cei of any provision of K thi s Am nem dt, ne or 7 4 5 % < term prov $ ' *% 5 ' $ %"' $ Loan > G $ % " 77 $ $ valid 5 $< in the > Loan ? " $' Docum nts e, not affec t the ty i % or 7 % $< enfo ityceab lr i of the rema ngni i terms 7 of the ; and each sion i in thi s ' $ shall 5 7 % $ * %" $$ $ 7 '$ **% *% $ ' Amendm nt ,e or the > Loan Do cum ,ntes as appropriat e, ' shall be valid and enforc able e to the fullest N$ $ extent per mtted i by law. ? " $' % $ -" " $ < $ 11. heirs, N "%' executo , sr %' $ -" " $ -'' ' : *% 5 ' ' 7 Bin ng di on D %' He rs,i 4 '' %' Successors and Ass gns. i The proosvis ni of $ ' this Am endment ' shall bind the % '* 5 resvepe i ct , ass 7 the '' ' $ * %$ ' personal % *% ' $ $ 5 ' " '$% $ %' repre entatives s , administrators , ' '' %' successors and gns i of parties. * %' % $ " $' '' %< $ ' $ N $ , %% % 12. Further -'' % ' Assurance . s Bor ower r agrees to execute < any addit onal i document s $ $ that ma y be necessa ry or " < 6 %$ % -" " $ * %* ' $ 77 $ $ $ > % to ' % des ired < by Lender effecetu ta the $ $ intent and purpose 7 of $ ' this Am endment. coun executed N $ " % of 7 " $ %* %$' 13 . Execut on i in $ % ' Counterparts . : ' This -" " $ Amendment may in < any number erpart t ,s each of wh chi 8 /N $ " < be ' tak '$ $ $ $ on $ $ $ % $ ! $ wh en ' N $ so execed ut and 5 % delivered ' shall be " deemed to be an % original and all 7 of which en toge ther shal l constitut e but e and the ' " sa me ' "" $E instrumen t. 14. 9 % " of $ $ $ ' 4$ $ > ** < $ Governing Law . : ' This -" " $ Amendntm e shall be $ %*% $ interprteed by applying the laws the Stat e 7 of Californ a i wit hotu & 5 % < *% * ' % % $ $' regard to its $ conflict 7 of law prin ciples. 5 day R%'$ written % $$ abov : $ ' -" " $ < % first The * %$ ' parties 5 have ' signed this Amendment 77 $ 5 effective ' as 7 of the and year .e < ,2002F/0 BORROWER / ? ->-?-2 >/1?/0 LENDRE 0-,2,-1., 1 - RABOBANK N.A. I 8 0 ' Jose ? D. Va ad l oa Renewal 2013 4 Second -" " Amendment to > Loan ? " "' Docume snt I I J 3 (US 293 ' D.? Valad 0 2013 8 Jose oa Renewal >2-1 DOCUMENTS :2 LOAN ?2 U /1:4 THIRD AMENDMENT - //U /D: TO :D+0? $ ab 5 % 7 % 5 " This Amendment to Loan ? " $' Document s evi decingn the ove ref erenced tran sac noti (hereinaft r e the B$ ' $ B % 7$ % $ % -" " $ ' the $ the $ third $ > : ' is BC ' C ->-?-2 9 24/ ->-?-2 -0A J. E VALADA MARY lt ' is $ dated as of July 25, . lt ' is betwe ne JO SE D.? VA LADAO ("Jo se D.? Val ad)ao" and O $ +$ ' 7 < ) 2014 $ in ("Mary J. Valadao , ) " husband and wi fe, doing business as Two Star Jose ? D. Valad ao and adao are dually divi ' : Mary Val < + ^ 4$ % Dairy ? %< (B ' ' BC ' '' 7 %< J. '' = > % , %% % % as ! Le ' and collectively , E, "Borrower ) " and 0-,2,-1. RABOBANK , 1 - N.A., a nati ona l ban inkg assoc aotni i (B]> %C< "Lened r"). Bor rower and nder agree $ 5 < follows : '; C-" " "Amendment "). +$ ' - % " $ $ 6 % %< B K wa I " by $ $ *% 5 ' < amended % $ Borrow r e and Lender 5 have entere d into edit Agree ment dated February 18 , 2011 , that s previously $ % Cr a > $ , %% $ < that 4 > Documents $ May $ $ certain " Seco $ Loan -" " $ certain 6 %'$ First -" " $ Amendment $ to > Loan Documents ed May , that nd Amendm nte to ? " $' dated ? " $' dat 9E 2012 %$ < 1, E < 24, % 7 %% % 7$ % ' amend $ as ' the "Credit % " $ as " ec% c 2013 that certain Extension Letter dated April , 9 2041 (said eem nt. e , de i+4 s her einafrte ref erred to B' agr -*$ 17 /N$ ' > $$ % 8 and $ $ 7 evidencing * %* ' ' % Q % by > % for 7 % purpo 5 or $ % % " "' % - % " $ % $ Agreement Agreement") . : The Credit and all other agr eements an d '$% " $' instruments required sse of - % " $C < Lender C> ? " $' thi the -" " $ / $ %" used ' in ' defined R in securing the Loan $ are he reni % %% referred to Documents . " Eac h * capitalized term s ' Amendm nte that ' % % " $ as ' "Loan is $ > : ' '* R ? " $ this 5 $ $ > " Doc other > Loan ? " $' Document s and K 7 not defined in ll hav e the meanin g spec ed ifi in tha t Loan um t.ne Th si Amendm nte " -" " $ $ ' Amendment -" " $ wi % K $ $ ?% 7$ will be interpreted in % accordance wi ht the Drafting 5 $ ' Convnetions . $ %*% $ B"" in" thi $ the > $ ' ? " ' -" " $ Borrower and > % Lender wish er am end cert ani *% 5 ' ' prov sion is of n Docume snt as s Am nedm nt.e 7" % " $ Loa ' set ' $ forth ' to $ furth , %% % 7 the " 7 / $E /N *$ $ 0 " Effect. ' mo $ Loan -" " $ 1. Original Instruments to Remain in Except as dified by s Am endm , en t eac h of > 2% + '$% " $' < thi" ' $ their $ % terms $ %"' enfor $ Documents ' shall % " remain i+ n R effect and , binding and caeble acc ng ordi to . If+7 any tc arises en % ' ' betw % % valid 7 % $ 5 ? " $' are < confli ' cont -" " ' Am % $ this C ' -" " $ $ % > this Amendment and the orig nali Loan Do cuments , then endm nte shall . rlo ? " $' 7 this the % 7 % $ Loan + ' Am $ dat $ -" " $ > Documents ? " $' 2 % (a) Effect Loan ? " $' Documents. On and aft er the e of endm nt ,e eac h ref eer cne in /77 $ on > B X % C C % % C $ % like ! terms ' such be ' other % % $ %"' sh " $ the $ Loan > Documents ? " $' to this - % " Agre , m e' en t' "hereunder ," E % 77 "hereo,"f "here n" i and all me an and a referen ce to $ 'C$ ' $ ' Amendment. amended < by this as -" " $ ' " ch ' (b) Effect 7 of this Amendment. Unles s oth erwise st'$ $ ated her ein, the anges an d am endmnt se contained s % " " $' % ' '' $ in / $ ' -" " $ thi C ' B C-" " $ $ this $ ' Ame -" " $ * / R5 ' $ 7 %$ Amendment shall be 77 $ 5 effective ' as of date firs t set forth i n $ the ope ning * % % * paar graph to dnme nt (B the "Ame ndment Effect ve i 7 the R%'$ $ $ -" " $ ' fC % Dat .)e" 2. Modified Terms of the Agreement. Th e % $ Credit Agr et enm is ' am ended as :s " : - % " $ 7 ' : ; 7 ' follow % - % " " 7 " Credit $ E $ /N *$ term $ Lin "" ' E ' condit % $"' $ the (a) The Line of Credit. Except ' as " amende be low, all s and ions rel ating to e of 9 Cre dit shall > % $ : > 7 B % " " remain in full effect: force " and following: / 4G replaced its superseded ' be $' entirety % * in ' %' with $ Section 1.07 7 of $ the Credit - % " $ shall 4 % $ Agreement $ and $ the i. 7 % $ the > 9 $ Li Borrow re shall * < pay accru de int erest on ne of Credit on gsut 1 , 20 41 and rst day (a) , %% % Au $ % 'K - '$ % ' ++ $ fiR%'$ ' on the each < of B ? $ 5 month aft er the Clos ng i Daet to he Ma tyirut Daet . " 7$ % $ t ? $ ' ""< t$ % $11 [ Au " $ (b) Borrowre sh all * < pay > Line of dit prin iclpa in he amo ntu of 905 00, , ( ) . on gust 1, 2014 , and ' - '$ % $ *% N* $ 9 9 Cre on the B , %% % first day of each " month thereaft r e $ to $ the $ % $< Maturity Da et (defin de % herei . )n $ % % R%'$ < ? $ B R % * " % un al *% * (c) unpaid prin cipal ba lance of, dpai acc rued $ % '$ inet er st on, and l ot her ch arges und er this $ ' : * % ' $ all " K B The C ""< ? $ C ) - ' * Au agreement " wiht % '* respetc to the > Line of Credit, ' shall be d on guts 31, 5 (th e "Ma urity t Dat .)e" 7 % $ pai % " $ $ E 8 201 B (b) B following: 7 ; its ' be $ the % % and B+; entirety superseded Section Credit Agreement replaced in $ % W - % " shall ' with I of $ '' $ 2.08 $ the 2.08 I > % ' > $ 8 Lende ACH Payment . s Borrowe r aut hizes or Len edr to, at 'sr opt ion " in eac h ins atcne, i $ $ ntiati e deb its , %% % ' *$ - D + '$ # <" $' "' ount, on the due et, for all inteest r da - $ I(( Acc ncipal pay m,sent any ses n, and er *% * 7 % U = '$ and pri 7 ' and $ Q N* ' ' expe * <" $' any < fees < oth to gnaetdi $ Des the ' Jos e ? D. Valadao 0 Renewal E K 2013 :"% Th rdi " CK Ame dment n to > Loan Documents ? "" 294 (9 " $% " $ " $ > 7 ' " ' $ amounts due and * < payab e l by , %% % Borrower wit h % '* $ respect $ to $ the Lin e of Cr ed,it by sn of the aut omatic clea ng ous rih e el ectron ic " $' < mea < "" % E5 < $ % Des "" * - ? ' $ funds % '7 % transfre sys tem, by direct $ debit of 7 the gnaited Account , % or by er comm cially re acce ptde me thod (here fter a, B % % ' < oth '<'$ " < any < % $ ]- D $ t$ K lZ '' $ $ %' - D 5 # <" $' ' > % "ACH # <" $'C Paym . ens" )t Lender sh all giv e , %% % Borrow re not ess than en da ys not cei befor e beginn ng i AC H Payments . If+K Le nder el ' ects > % <' ' 7R $ ' ? ' $ + % " $ - $ the $ da $ ' > % to initiate AC H Paym ,nt es Borr ower will therea fert maintani suffi cient fund s in t he Designa de t Acc ount on tes Len der - D , %% % # <" ' K % % < % insufficient $ % '$ + ' 7R $ $ %' % AC - D ' fees $ % are * <" $' enters $' debits for H Paym nt e of reg y lulra schde uled paymnest of 7 inter est, princ , ipal , i 7 f any f there *% * and 7 ' # <" $ <. I+K $K auth > % $ %' $ % $ ' % " $ - $ % 5 %' the ' $ funds i n $ the ? ' $ Design deta Account on the dat e > % Lender ente sr an y debit ze orid by agreem ent , Lend er ma y reverse < " < < this 5 % AC deliv - D N $ 7 %" and deb t. i Borrw ore agrees to n % Q '$ request by Lende , r exec ute and re t$ o > % Lender an H Pa ymnet author on i iza t in form > $ , %% % $ % ' $ upo * # <" $ < $ $ content satis af ctroy to Lender. $ > % ' $ '7 $ %< (c) B ' $ Loa * %' $ 2$ % $ the > $ this $ ' Amendm -" " $; Other ' Changes . Th e fol7 ol wing sh all apply n pursuan t to :nte : ** < to (a) B - % + % ' $ %" $ Loa , %% $ > ?E Valadao ' now ? " $' me All refeces enr to the ter m Bo rower i+ n the n Doc um nest shall an Jose " ' D. 7 and $ $ ' ' '' Mary P J. Vaadao l , ' husbnad and wi 7 fe, doing bus ness i as : Two St4$ % ar Dai ry. ? %< %< 4/ ++ +E+ 7 + thi % hereby $ Loan $ ' > Documents Defined Terms . Ca pitalize d t %"' erms defi ned in s sec tion are n the , as " id * $ * ? " $' % < amended ' A "' 8 3. follows : '; C, %% %C Valada ' '' as ' wife : Star "Bo owe r "r means Jose D.? Valada o and Mary , o hus band and , doing business " ' ' ' Two 4$ % 7 %< J. Da ry.i ? %< ' % ' ** " ' addition $ the the $ %"' > $ ca Any capi ze alitd terms whi ch ar % e added her ein sha ll su pplemten and be in pitali ed z ter ms in an * E $ Lo to - < * $ $ " R ' % wh ' * %' ? " ' $ sam $' Docum nts e and any capiali t zed term s herein chi are modified sh all % * replace and supe rse de the e defin de term in ' " R $ %"' its < * $ "" entirety. $ % $< , %% % ! + ' 7 ; Waiver of t n Defau t. l Borrowre acknowl dges e and ees to owing: ? 7 $ agr $ the $ foll % ' U 5 " F < % (7 Covena 4. 9 (a) As of Dece mb re 31 , 2013 , , %% % Borrower wa s not an ecli with ants en und er ' ? " % in $ Borrower $ the 5 $' , %% % cov "* -' 88 8 + comp % B 5% % % Q % Borrow K to incur - % " $ % $ Agr % assume + 5 or sect oni 6.01 and section 6. 02 $ of $ the Credit eem nte requiring re not '' " other ' Borrower ' $ ' $ $ % debt $ or % liens. , %% % = "* acknowl dg see this default and Lend er % ' agrees to ive Borr owe 'sr non -complian ec wi ht thi s requi m er ent for period end ngi % Q " $ , %% %' $ + ' 5 P % the $ ' 7 $ > % ! ' $ wa $ * $ " December 31, 8 2013 % Lender ' as foll ows: 5 *% ' $' %% $' repres $ , > (a) B K been any No Change in , %% % Borrower . Th ere ' has not ange i n t$ he ownersh p i or ructuer of rower or 1 + %' * % st 7 Bor , %% % : % '$% $ % % their P % < ch $ Len > % " Loa % '* $ % i busine ;ss that $ the % ' $ $ ' resolution s *% 5 provided to der wi th res pect B to the n ? " $' Docments u are n full c;t and $ > 7 force 7 % and ' ''G $ $ effe that the $ 77 $; , %% % %' % " $ $ bi ' appropriate 7 K **% *% $ 7 the fore % undersigned remain $ auth ize ord to act on behalf of and nd Borrow re as . I+7 f any ng goi is ' inaccurate % $ or % < of incor , ec rt in any way under ed n,gsi as ind viduals i , agree fy emni and d all , < $ %' ' $ ind %" '' from 7% " any > % harmless ' % to Lender hold claims + %% $ " < "' <, the < an '' ' N* % ' % %' ' losses % or " ' damages $ $ that > % Lender exper ces nie or incurs as a % ' $ result. K De % ? : % /5 %] (b) No Eve nt K of ? Defau t. l Th ere ' is no Event of tfaul or 5 K event wh ic,h with ce or lapse of me wo uld be % the $ noti $ $ 2 *' 7 ti$ " /N " ) B an /5 $ Event of Defaut l und er $ the Loan Docume.nst 7 ? % > ? " $' + %"' : (e) Warranty Information . Th e 7 $ inform on tia furn shedi t$ o Le nder by rorwe as pa rt of s Am endm nte we er $ $ E > % , %% % ' * 7 thi -" " $ % $ ' F " < Bor B K the 7 % furnish de ' as " a mate alri " " inducm eent for > K Lender to dify the erms of n wi th Borro w re and is ' info m ontrai upo n whi ch the > + $ %% $ % ' $ Loa , %% % $ t$ %"' $ mo * " 7< "$ % $ $ "' , 7 %$ % > % ter %% $' Lender ' is % < relying on in granting the ms % hereunde . r Borrower furth er wa rranst an d guar nt aees that infomatio r n giv en t o % $ ' the $ $ all $ 7 %" $ 5 , %% %M' $ > % R % $ full % *$ ' $' ope the Lend er ' is "* $ complete , accrueat and y rep ese r nst Bo ro sr wer' finan cial and ng i atr conditi ons. * % " $ ' 7 < (d) B F %% $ ' $ Warranties : Continuing 0 *% ' $ $ ' Representation s and . Th e repr ons esenta i t and ranies t of er set h in % *% ' ' %% $ ' wa K Borrow , %% % ' $ fort $ YK 6. M ' ' 5 no obl > % Conditions of der sh all have gat i ino to ute thi s Am ne dm nte or rform its -" " $ Len $ 7 this $ ' Amendment. N $ $ ' $ exec % pe -" " $ * %7 %" + ) al " $ % $ "* $ the > Loan ? " ' Docum ntes are , %% $ correc , t and complete in l mat erial % '* $' respects. $% % true osn i un der + ' this Ame ndmen t unless and unt l i t$ he foll owing con tiodsni are istfied on re Aug st u 25, 14 obligat $ 7 " '' $ ' % $ ' -" " $ % sa % befo ' $ 'R or 7 % - '$ 9 )9 20 B : ? ] or 7 $ ' K before *5 $ % $ sati ' $ 'R : %" $ 7 the ("Tenation rmi Date . )" If $ the follow ng i condi ons it prece nedt ar e not sefdi on nat oni Da et, the n the $ Term $ $ ? out ng astndi principal ba anlce of Loan and all acc ur ed and paid int erest and ounts * < payable unde r the 7 the un $'$ *% * $ % '$ * $ > % all other $ % am " $' $ Loan % > +7 0 "< Jose D. Va ada l o Renewa l 201 3 +8 5 ' + Third -" " Amendmen t to Docme u nts > ? "5 ' Loan "" 2 295 () *% ' $" $ *% $ '$ $ " ' $ "" $ < Docm u enst shall " becom e imme y el tiad due and * < paeyalb witohut prese t,ntm ne demand , proes t,t notice Z of + $ $ $ inet nt to " acce erate l , ? "" ' 7 < notice of $ $ % accelerati on or notice % Q % " $' requ er sm iten of any 5 other ! kind, all K of whi hc % are 5 waived < by , %% $ Borrowre and > % Lender " < may N %"' exer seic any $ < % or $ all 7 of ' ' its rights under $ the > Loan ? " $' Docum ,nest % unh ndiered by $ ' this -" " $ Amendmnet: < (a) B $ $ ' ' N $ -" " $ ' Bororwre has executed and 5 % deliveder this Ame ndm t ne to > % Lend , re and > % Lender has N $ execut de this -" " $ Amen;t dm ne , %% % $ ' (b) B > % ' Lensde'r receipt 7 of a 7 fee in $ the " $ amount 7 of [) G $500 00;. % *$ (c) B > % ' % *$ Lendser' receipt K of a % $ credit B'* report and UCC 7 ' fees in $ the " $' ); amount of $11.6 1 ;5 and (d) B W > %E' $ %" $ 7 % *$ Len sde 'r rece pt i of all $ % other " $' docm u ent ,s inform tion a and $ % *% $ ' % Q % other preoc nd on isti requ redi by > % Lender. < 7. Reservation $ of / $' Rights. : Though > % Lendre ' is % agreeing $ to " amend $ the > Loan ' as ' $ set 7 %$ forth % herein, Lender % ' %5 ' reserves > % , $ % all % $' rights and % " ' remedies + to whihc $ it ' is, % or " < may " become , < $ $ legally enti edl t under $ the > Loan ? " $' Docum . nt se Accordingly , $ ' this -" " Amentdm ne - % < does $ not '$ $ $ constitute a 5 % wairev 7 of < any % $ right % or % " < remedy $ $ that " < may % or in $ the % future ' does " become 5 avaeab il l to > % Lendre % or 7 of < any 7 $ def au lt 5 or ' $ /5 K Evetn K of ? 7 $ %% Defau t l occu ng rri after the date K of $ ' this -" " $ Amendment. % 8.8 1 No "" $" $ Commitment ' as to 6 $ % Future 6 Financing . : ' This -" " $ Amendment ' is " not a "" $" comm tmenti on the > % ' Lender s ' * part $ to *% 5 provide , 5% % Borrower % or < any % $ related < ent tyi $ with < any % future R financgni in < any " $ amount < beyond F the $ ' terms ' set fort h + in $ ' this -" " $ Amendmnt .e 7 %" 1 9. No 277' $ Offset, ? 7 ' Defense % or " Claim. , 5% % Borrower do $ not 5 have < any B (a) 77' $' offsets '$ against $ the " $ amount * < payable % under $ the (E > % B > % Loan ? " $' Docum ne; st (b) ' ' defesnes to $ the * <" paymen t of < any " $' amoun s t % under $ the > Loan ? " $'G Docum ; nt se or B (c) "' claims 'b ag ns ait Lendre in $ $ : conn on ei tc with $ the > Loan ? " $' Docum nt.es To the N$ $ extent < any ' such "' claims do N '$ exis,t , %% % Borrow r e % < hereby 5 ' waives $ " them $ to $ the 7 '$ fullest N$ $ extent permitted < by F law. * %" $ ' 1 O. No F 5 % Wa ver. i The N $ execut on, i delivery and 77 $ 5 '' effect veness i of $ ' this -" " $ Ame dm nnt e shall $ not, N *$ ' except as N*% '' < express y l 7 : 1 5 %< *% 5 % provided % ; herein, * % $ operate ' as 5 % a waivre 7 of < any % $ right, * 5 power K or % " < remedy 7 of $ the > % % Lender under $ the % $ Credit - % " $ Agrent em or $ % other > Loan Docme u ,nst nor '$ $ conste titu a waiver 7 of < any *% 5 ' provis on i of $ the B Credit - % " $ Agreem net or $ % other > Loan ? " $' Docum ts.ne ? " $' % 5 % 7 % 11 . ' > % Expenses . : The , %% % Borowre shall * < pay on " dema dn all '$' costs and N* ' ' expens se $% incurred < by the Lender in $ connoneci t /N* ' ' $ N $ > with $ *% * % $ the preparatio ,n execution , 5 %< del ivery, filing, and " '$% $ 7 admin ontrat isi of $ ' this -" " $ Amendm nte B (including , witho t u " $ $ lim tation i , Legal 6 ' Fees R %% 7 incurred in $ connection with $ the *% * % $ prepar tion a of $ ' this -" " $ Ame dme n nt and 5 ' advising $ the > % Lender ' as $ to $' its % $' rights, and $ the '$ cost 7 of < any % $ credit ver fica i on ti reports % R or field N " $ ' exami sna noti of $ the , %% % ' Borrower's properes ti % or !' books and % % ' reco .ds r) Borrowe 'sr obl gations i to > % Lenedr * * ' 5 % R $ % * %$' 7 $ $ ' , %% %' ' % 4 $ under th ' is Sec iont shall ' %5 5 surv vei $ %" $ terminat nio "' of this -" " Amdmen en t and % * <" $ repaynt me of , %% %' Borrow s er ' obliga onsi t to Lender % under the $ ' > % % $ - % " Cre t di Agreement. 12. 7 : % $ 7 Severabi ity l of #% 5 ' ' Provis ons.i The 5 $< inv idity al or un yteni forclea bi of < any $ %" tenn % or *% 5 '" provi ion s of $ ' this -" " $ Ame,nt dm ne or $ % "< 4 5 % " % in $ the > ? " $' Loan Docum ts,ne shall $ not affect $ the 5 %< valdity i or 7 % $< enforcea bility 7 of the % " rem ng ni ai terms 7 of $ the > G Loa;n and each *% 5 ' provi on i s in $ ' this " ' % $ %"' + -" " $ % ' 5 ' ' Ame dme n n, t or " the > Loan ? " $' Docment u ,s as **% *% $ approp,etari shall be val id and % enfocea r bel to the fullest N " extent * %" $$ permitted by !" law. $ < 13. 8 , : K Binding on D %' Heirs, e Successors and -'' Ass gns i. Th e *% 5 ' ' proonsvi is of + ' this -" " Amnedm nte shall bind % '* 5 the respeive ct ' heisr, N $ %'E executors , * %' persona l % *% ' $ $ 5 ' represent es, ati v admiist n, sra tor succes ors and '' ' assigns K of $ * %$ ' the part es.i ' '' %' %' " '$% $ %' 9 14. 6 % Further -'' % ' Assurance s. , %% % Borrower % ' agrees $ to N $ execute < any $ add tioain l documents F K that " < may be '' %< necessary or " $' ' % by > % Lender $ to 77 $ " effectuate $ the ' $ K intent * %* ' and purpose 7 of + ' this -" " $ Amendment . desired < ) 15. Execution in $ " "E Counterparts . : ' This -" " " Amnedm nte may be N $ execu edt in < any " % numbe r $ of $ %* %$' counterpa , s rt each 7 of which /N " < ' wh en ' so N $ executed and 5 % deliveer d shall be " deemed $ to be an % origi aln and all 7 of whi ch $ ! taken $ $ % toget reh ' shall '$ $ $ const tute i but one and $ the $ same '$"" > instrument. ' " 16. & 5 "" M Governing : ' Law. Thi s -" " $ Amendm nte shall be D % $ interp ete rd by ** < app nglyi the ' laws 7 of $ the 4$ State K of 7 %" Califoia rn ; witho tu ' $ > $ < regadr $ to G its conflitc 7 of law * * ' princes ip.l % % Jose ? D. Valadao 0 Renewal 8 GK 2013 ' : "K "" '] Third Amendmen t to "" Loan " R Docmen u ts + 3 296 ( 5 ' 77 $ 5 The * %$ ' parties 5 have si' gned this -" " $ Amendm en t effveei ct as 7 of $ the < day and < % year R%'$ first % $$ written abov.e $ ' : ,2002F/0 BORROW RE ( "@" @ FF ()/ ? ->-?-2: ' '' ' : E4 % ? %< @" -0A - - -2 ' '' ' : 4$ % ? %< >/1?/0 LENDER RABOBANK , 1 - N.A. 0-,2,-1. =(H HH@ 9\ \ D] ,<; 1 " ; : $ ; ' 0 8 Jose D. Valadao Renewal 2013 Thrdi Amendment to > Loan ? " $' Docum nt se -" " +E"@+4 -M @ D;= N # % 9 4 5 297 ( Jose da ao_ RLOC ' D.?E Val 0 0>2 Renewal c 9$ Amendme ) 4th -" " 2015 t n % $ 4314048-1 98 9 9I9 7 Credit: > of 2* % $ Line Operating :2 LOAN >2-1 DOCUMENTS ?2 /1:4 62 0:D - /1? /1: TO FOURTH AMENDMENT X X B " transaction $ above 5 referenced $ $% ' $ (he fourth -" " $ B $ Th s i +' is the endment to the > Loan ? " $' Documents 5 eviden ngi c the er inafter the C]) B $ 7$ % " "' Am E-" " C E ' K MARY ->-?-2 'BC ' )E 'Amendment . ) " lt ' is dated of September . lt++ is JOSE D.? VALADAO( Jose D.? Valadao ') and ' between -0A J. $ 24/ 4 " " % 4,9 2015 $ as D ? Val : Star business 4$ % Dairy ' '' as ' Two Mary % 7 Valadao VALADAO B] ("Mary J. , ) " ' husband and wif e, doing adao and adao l are ->-?-2 ? '< (Jose B ' D. < J. Va ], %% ! assoc Lend 2 , %% % and '' $ indvid i ally u and ectively, "Borrower ) " and , NA , a nationa l banking ation i ("B > % Lender . ) " Borrower re > % 0-,2,-1. coll RABOBANK 1- 5 < $ 5 < '; ' follow agree as :s % $ $ " i 5 entered - % " $ , %% % > % $ $ was ' previousl " $ $ Borrowe r and Le ndre have nto a % $ Credit Agreeme t n da ted February ,1 1 that y ame ded n by tha t 6 %< 18 *% 5 ' < ,, 20 < $ certain %$ Second > Documents 4 Amendme $ Loan -" " $ May ? % $' dated certa n i 6 %'K First -" " $ Ame dment n to Loan 24, 2012 , an d that t n to ? " $' dated E $ > Documents %$ < 9 $ $ certain : % > ? " $' that 9 and %$ Th -" " $ to > % $ Ext /N$ ' $ Loan 'R July May 1, 8 2013 an d $ K that certain einson Lett er dated April rdi Amendment Documen s t dated 2014 -*% 17, < < ) 25, 9 2014 and $ $ that cert ain /N$ ' Extenison Letter dated August 51 (sa di agreement , as s herei after n referred to - '$ 26 ' amended $ " , i ' % " $ %$ % R %% 7" ' the > $$ % $ , 20 B' $ as ) % N "Credit - % " M E Agreem . ) nt "e 5 % agreements > % % Agreement - % " $ and i '$% " $ 7 % purposes K evidenc % " $' and % Q % by The all other nstruments required r for ng i ^ * %* ' ' of : Credit < Lende ? 'E% / capi this $ %" used ' in * $ $ ' Amendment or ' " securing the > Loan % are +" " herein referred to as "Loan Documents . " Each at lized term t is ' defin ed in the R % 7 %% $ ' ^> -" " $ tha $ $ K : ' Amend ? " $ This "" > -" " $ Loan Document. ent m that $ ' -" " $ hav 5 " other > Loan ? " $' Documents and defined in this Amendm nte will e the meaning spe cified in $ R '* R not % ?% Conv 5 $ ' will be % $*% interprteed i n accord ce na with the netion .s " $ Drafting " "" "" in this $ Loan *% 5 ' ' 7 ? " $' 7 %$ % amend > Docume ' to $ further " certa %$ ' set ' $ forth Borrower and Lend re wish n i provisions of the snt as , %% % > % -" " $ Amendment. + $ ' $ ' Ame " R /N *$ as ' mod 7 the $ Loa > -" " $ Ori ginal '$% " ' Instrumtsne to Remain i+ n /77 $ Effect. Except fiedi by dme nt, n eac h of n 1. < this ( 0 " + 77 $ 7 % + %"'E If an % t$ % terms. Doc me utsn shall rema n i in effetc and are valid , binding and forcea leb according o their y con flict arises betwee n $ % ' ' % en % " 5 ' $ ? " $' < ' $% -" " sh $ ' Amendment $ this this -" " $ Amendme nt and $ the % original > Loan ? " $' Docume ts,n then all con trol. $ ' K this 7$ % -" " $ $ of $ ' Ame $ Loa (a) Effect on Loan Doc m u ents . On r $ the date dment n , each n Documents % " in afte > ? " and " reference + the ? " $' > b G B C % 7 C " % = ] ' mean such ' $ % ! terms $ %"' shall a reference $ Loan > Documents to "this - % " $] C % %7 Agreement" , "hereund ,"r e "hereof," "herein " and other like " and % $ % to ? " $' $ the be ]+ ' ' as " amended < by thi+ ' s -" " $ Amendment. (b) Effect 7 of this essl otherw es i sta ted herein , the es and s $ " in '' " " $' contained / $ $ ' Amendment -" " $ Un $ % ' '$ $ $ chang amendments thi $ ' % ' B the C " $ Effective " ope $ R$'K $ ' Amendm ' 7 this 7 %$ in Amendment shall be 5 effective as of the first set ning * $ % * paragrap h to t ne (the -" " $ * $ date ' $ forth B "Amendment -" " $ ' fEF Date .)" D " Increase to Operat ng i Li> ne of Note. Th at certain ng i Li ne of galni $ & " : K > Credit Note the ori Operat 1 $ in % 2* % $ " $ the K Credit %^K R G 2. E " Agr amount of 500 000 00, . exe cuted as arury 18 , 2011 , i" n conn cetion wi $ th the em nt e is hereby reased to 7 Feb - $ " $ $ Credit % ' " $ 7 $2, N $ ' of ' $ 6 % %< % < inc I [ ) Z $3500 000 ,00,. . )8 ) 3. 8 ' amended : Credit Mod fied i Tenns of the t i Agreement. : ] - " The 5 Agreement - % " is " as ' follows 7 ' : "; 7 R " Cred ter > $ %"' " ' condit 5 to ' am " 7 Credit % $ sha ' (a) The > Line of ept as ended be owl , all ms and onsi relating e of ll K Credit. the % $ Exc : /N " B Lin B 7 force remai n + in full and effec t: " ! 77 $; i.> Sec tion 1.0+ 2 of the Cred t i Agre eme nt shall ety and ' be replaced % * in ' * $' with superseded - % " $ % $ its $ the +$' entir $ $ % < 4 K " $ " following : the : % $ * *% * Z of $ Loa " '$ not 1.02 Max mm ui Amount. e aggregat e unpa d i pri pal nci balance sn must N " " > ' -" $ Th $ exceed the lesser 7; of: B (i) $3 500 ,00 000 ,. or i) the ng i Bas e. $ Borrow , ' + '' % % (iB++ , %% )8 ) E N -"" " 1+4 Jose D. Valada o 0>2 RLOC Renewal 5 9" 4th Amendm nte 0 201 ' Fourth Amendm etn to Loan ? " " Docum nest 6 "5 + > " CK 298 Bc55 ii. Sec tion 10Z . 3(b )(viii)( B) of the edit Agreement all be d in its % *" > 7 $ Cr " $ - " " " sh' ' entirety superseded ' * %' 4 $ $ % $< and replace 8B B5 B, $ with the 7 ; following: / in a 6 Inventory $ respect $ El '$ '$ grow " determined B '* $ to (B) with igib el Feed , , %% %M' Borrower's cosUco ts to + 5 $ %< B, man er n acceptable Ledn er. " % *$ to $ > % iii. + " foll owing: E 4 $ $ % $ ' B'* + $' sup the ' * %' Section 1.07 of Cred t i Agreement ll be replaced in its ent rety i and erse ded with - % " " sha 7 the $ % $< 1. 07 0 % ? $ Requ redi Payments : $ Matur ty i Date . # <" 'G , %% % ' pay " interest > of 7 Cr 2 $ % $ ) and Line $ % '$ (a) Borrowe r shall on the et di on October 1E , 2015 on the % * < accrued B ? $ $ the $ Ma ? $ $ ' 7$ % $ " $ 1st each month aft er the Closing Date to turity Date . +'$ day $ % $< < of % $ prin K Credit *% * + amount > (b) Bo rrower sh all pay ne of cipa l i n the of $16 00 667 ,. " 7 ' , %% % October 2 % 1, ) on * < Li B $ % 7$ % to " $ the ? $ (defined $ Matu 2015, and on the 1st day of each mo nth thereafter tyri Date er in). $ % $< % B R he $ '$ ) < 7 * unpa % i $ % '$ other (e) The unpaid * * principal $ ba ance l of, d i accrued nterest on : * 7 all , and all $ % charges % ' B $ Credit $ t paid August - ' 31 under $ ' this % " $ agreement $ with respect he Line sha l l be , 2016 > of % $, ' * on 8 (the % % '* $ to B+ 'Maturity "K ?/ Date .)" 4. 9 + this + the $ ' sect % hereby " in ' R > Doc ' $ $ Loan ? " $; $ %"' defi < amended Defined Tenms . * Capita izedl terms ed n in oni are ument , s as ? R : %"' '; follows: ^ +I 8C > i+ $ % ! 77 % $ the % $ as $ London "LIBOR " " ' measn, 7 % for any nterest Period , a8 % $ rate * % per annum al to nterbank offeed r rate " equ Q ' # % E < I+ $ % '$ $ % Perso # " '' % the , " %! ' $ ' ICE $ I+ / adnism eti red by the ncm h ark Admini rattion s (or y other n tha t is ' des gnate i d as succes ors to CE Bench amrk - " '$% $ $ $ , " %! + / Be "" ' % B % an < < 7 ' % $ D % Admistration in for admini iora nts of such rate) for dep osits i n U.S. enlavt to ch In $ % ' teesr t 7 the $ %" equi $ su $ a term ' 7 % purposes $ " ' % $ Q 5 $ * ' $' %' with 4 dollars - " '$% $ * " ' ' of % doe ** % on % scree $ Bloomberg , " 5 " 5 $ su ' ' a Per odi ** % appearing on the ** applicable page n at com . (or , in t$ he event ch rate s not $ appear ' % $ # % * or B % 7 such $ % ' ot ' * ' ' such ' % of ' rat % $ ' %5 t$ $ 7 %" $ **% *% $ * or % screen Bloomberg com . page or the appropriate page her informati on service hat publishes e as ' % , on * % screen , " % "" its shall be ' $ $ selected by from time time in reaso e ab nl discret on) i at y ate ml 11 :00 a. " m., London m i e; provided $' % ' $ > % 7% " > t$ " ; *% 5 ' $ " to $ $ " $ approxi ' 5 $ **% N " $ < ; < Lender $ LIBOR >+,20 may B $ the - W '$ $ " to that in no 5 $ event ' shall the LIBOR be '' less than ; and provided er h, that ed from *% 5 , furt 7 %$ % zero $ " in >+,20 Adjust time $ G $ $ 7% " time " < be $ % ' %5 * ' $ % $ ' '' ''" $ rat oth discretion for reserve 5 Q % " $' requirements , dep osit insurance es and er regulatory cos ts. Lender's ' % $ % % $ %< ' % assessment ' ' > %' addi % ' ** " $ the ' supp $ %"' in $"' whic the $ cap * > Any R* $ capitalized terms h are ded here n i shall ement l and be in ion t to taliized terms an % ad $ Lo - < ' " de R " itd) ' * %' % wh % " R % * " same $ %" in Documents and < any * $ capi alitzed terms herein ich are modified ' shall rep ace l an d supe sed re the fined term s ? " $' $ %"' enti ety. r $ % < , %% % ' , %$ % " %% $ ' $ % *% ' $ $ ' 5. Borrower's Represe tatio s.nn l+ n add onit i to represe sno at int an d warran iest mad e by re i n the $ ) $ the 0 ' " ' < Borrow ' > % as % *% ' $' Lender ' fol Loan Doc um ents , Borrowe r %% $' wara rnst and ese r tsn to ows: l , % rep ? " $' > (a) B " the ; st , %% % or in : % ' owner $' * % the No Change in R %% % Borrower . There has not hip s or ructure of Borrower r % i $ been '$% $ % + 1 any < change $ the $ Loan $ respe > ? " $' % in $ > % full " force 7 % and business ; that the % ' $ ' reso on utsi l provided Lender with tc to Documents are ct; and % '* $ effe that *% 5 to 77 G $ $ the $ ' ''G + $$ , %% % as $ % undersign ed remain authorized to $ act on bind Borrower . e If+7 any the fore go ing is ' i % naccra uet or 7 % 7 of **% *% $ behalf 7 and %' % " $ % $ ' appropriat < of $ indem 7% " any > $ %" '' claims incorrect, in < any < way, the unders gned i, as 5 ' individ , alsu agr ee to ifyn and d Lender harmless from , ' % $ %'5 hol all "' " 7< %% $ < and % ' $ % %' ' a result. N* % ' losses or da mages that Lender experien ces or incurs as $ $ > % " ' '' ' % ? 7 $ K De % $ 7 time 5 which " wo : % i ' % event $ notic (b) No Eve tn of Defau t. l There s no Evetn of fault or , with e or the l *' apse of uld be /5 $ 7 ? $ /5 $ 1 B % $ an /5 $ Evetn K of ? Default under the > Loan Documents . ? " $'E % > % , %% % ' C ' (c) Warra tyn Informat .on i The nforma onti furn ished t$ o Le dn er by er as pa rt of thi s Am dme ne t n wer e 7 " ' -" " " * %$ K : i %" $ +"" < Borrow B P % > $ 7 the Loan > with Borr 4 "" % is ' inform ! furn shed i as a ma erial t inducement for Lender to w ore and ontia upon ich the $ terms $ " $ + modify " $ % d""G of % ' ' * wh " < the Lender ' is % < rely ngi on in % " granting $ the $ %"' terms her eunder. , %% % Borrower furt eh r warrants information gi ven to$ the 7 %$ % guarantees % $ ' that $ %" $ %% $' and % % $ $ all + 5 > % $ ' Z< * % $ condition R the > % Lendre +' is comple , e t accurate and fully % *% ' $' represents , %% % ' Borrowe s r' financ al i an d operating . s $ "* $ % $ Jose D. Va adola RL OC 0 Reenwla 2015 4th Ame dm nnte -" " ' ? 0>2 C ) Fourth Am" " $ edn men t to > Loan Doc um nt es ? ""' 2 M 22 299 Bc55 (d) B % *% ' " ' F %% $ ' R ' K , 5% % % ' " Cont nuing i Representat ons i and Warranties . : The repr esnseotinta an d wa rranties of Borrower set in ' $ forth 6. $ ' hav obl 5 + ' Am N > $ Conditions of this Amendment. Lend er shall e no gation i to cuet this endm nte or orm its + -" " $ $ exe -" " $ * %7 %" +$' 7 7 perf mate all " $ % '* $' the Loan Documents are true, %% $ correct, and "* comp ete l in alri resp .ec st % F > ? " $' % bef ' $ 'R 7 or $ the followin ) until 2 % obligations % under thi s Amendm ent unl ess and g $ ' % condit onsi are sat sfie id on ore Octob re 4,9 2015 '' -" " $ $ ' ' % befo : %" $ 7 % *% $ % $ or $ Term ' $ 'R ? $ the ("Termin niota Dat .)"e If the wing $ ' condit onsi pr ece tned are not satisfie d on er the on nai ti Da e,t then $ ? $ + B : %" $ +K $ follo all $ % '$ * int ] $ % " "' 7 the > " unpaid $ $ Loan > $ Loan * < outstanding *% * principal balance of and all accrued and erest and other am ounts pay abel und er the $'$ 7 in *% ' $" " " " $ $ $ " $ acce *% $ '$ Documents ' shall " become "" $ < immediately due and * < payable withou t prese tm nent, demand , pro es t t, no ce it of tent to erate l , % $ ? " $' % wai of 7 whi Lend , %% % $ % > $ notice of acce on lerat i or not cei requir ement s of er kind , all ch are ved by wer and er ma y exe secir any N 5 ' % $ % $ % Q "% ' K any ! $ < < oth < Borro " < -" " $ $ ' % or all 7 of its rights under Loan ? " $' Documents , unhind edre by s Am endm t ne % % the $' % $' $ > < thi (a) B > % $ ' Amendment -" " $ Borrower ' has N " executed and vedr thi s Am endm nte to er, and nder has teud this ; > % N $ 5 % $ ' $ Lend Le ' exec deli , %% % -" " "; (b) B ) ($1 > %^; 7 $1 [ )I Lender s ' % *$ receipt 7 of a fee in the amount of 581 ,65. 500 00 ,. Clo isng fee ; $31 65. Cr edit report $ 7 ; [8 ) $ % * %$ fees " $ ' 7 ' and B) ) (c) B %" $ % preco other % Q % *% $ ' $ % > % 7 all oth Lende r's rece ipt of er doc um tsn, e informat ion and sndit nio requ ired by .r " $' % *$ > %' < Lende $50 00. UCC fees ; ) and [) $ ' G " % Lo > here am ' set ' $ forth % ' %5 ' 0 " : % > % 7. Reservation of gh u Lend er i ' s agr egein to end the an as i,n Len der rese rves > % 0 Tho K Rights. % $ Loan ? " $' % " < > Do + ' -" " $ < $ $ - % < thi all rights and remed es i to is, or may " becom ,e leg ally ent tledi un der the cume . nst Acc ng ord ly, i s Amendment it ' $ which % " ' ' " % of % 5 % $ or % remedy % in the $ Lend > % constitute a 5 5 waiver 7 of any that " < may or future doe s bec ome ava ilable to er or does not $ 7 $ % 7 any 7 $ or ' ; '$ $ $ % " < "" < default < right "E K thi $ ' -" " $ $ dat $ Event 7 ? 7 $ of Default occur ng ri 7$ % after the e of s Am ne dment. /5 $ % $' +K 8.I > % ' : ' -" " ' $ a "" $" $ the 6 $ % 6 $ Lend No "" $" " Commitment ' as to Financing . Th s i Amendment is not me nt on s ' er part 1 $ Future commit * to $ prov de i , %% % Borrower % or any ure financing ount beyond the s set s Amendment. 7 $ % " < term ' $ forth $ %"' " any -" " $ R in + any B %" in thi $ ' % $ entity *% 5 < am $ $< with < fut < related $ amoun 9. No Offset, Defense % or " Claim. Borrow r e do (a) offs ets aga nsti the t payab e l unde r the not $ have 5 any '$ ' $' " $ , %% % % ( 1 * < $ 8)(K ? 7 ' < B % > ? " $' Loan "' < or % (e) '$ " $' ; (b) the payment any amount s und er the Docum ; nest aims aga ints Lend er in Loan ? " $'; Documents > % $ * <" $ of 7 ' ' to > B cl B defenses "' , %% % N '$ : the ' exi $ " N$ $ 7 ' ex % < 5 ' N$ $ $ the connection wi th the Documen .ts To nt any ch clai ms do s,t Borro wer here by waives the m to tent $ fullest $ exte < su $ Loan $ > ? " $' * $ permitted by law. < 10. No Waiver. : The execution , 3 R 5 5 ' ] de veliry and venes i ts of endm nte sh all not , exc ept as expr essly effec 77 $ 5 '' 7 this -" " $ N *$ ' $ ' Am N E %< $ N*% '' < % rem 7 the $ > % % % $ - % " $ K oth $ % > provid de % herei , n ope rate as wa ver i of any % $ right, * % power or edy of Lender und er t$ he Cr tedi Agr ee tm ne or er Loa n ' a 5 % 7 < % " < *% 5 * % $ - % " K % YK % oth $ % > ? " ' $ Cre Documents , ; nor '$ $ $ contsitute a 5 K wa ver i of provision of the dit Agr eent m e or er Loa n Docutsm .ne 7 any ? " $' < *"5 ' 11. dem N* ' ' '$' expe " $ Lende > % conn ' pay Expen es s. The Borrower shall and all cost s and ses n i+ %% ncurred by r in ection $ : , % /N "^ * < on < the K thi adm $ ' " '$% $ -" " $ with the preparation , N exec on,uti ivery, filR ing, and strniation i of s Am endmt ne (iB ncludng i, wi thout lm i itat,ino Le gal Fees > 6 ' +$" 5 %< del *5 * % > % P it $' Lend 5 ' advi ' to the E cos $ ' Am $ -" " $ % $' incurred in conn onecti with of this endm nte and isgn the er as s rig hts, and t of 7 any t *% * % $ 7 % ] " $ preparation $ the < credi , " 5M' % books !' and reco , %% 7' verific on ai t reporst % R or field examination s 7 of the Bo rrower's prope rti es or rds. } Bo rrower's oblig ations to *% * % ' % % ' $ ' > 5 N " $ ' $ Lender 5 % R $ % * %$' , % ' Bo ' rep > % under thi s 4 %" Seciotn ' shall ' %5 5 survive termin oni ta of ndm nte and ayment of ro rwer's obl oga sni ti to er und er the 7 this $ ' Ame Lend % " -" " $ % * <" $ " $ % $ ' - % " $ % ] Crtedi Agreeme nt. 7 any *% 5 ' 12. Se verbaility of Provi ion ss. Th e inva idityl or enforceab ty i il of erm or sioni of s Ame ndm t,ne or 7 % un % prov K thi $ ' #% 5 ' ' 7 % $< : 5 $< -" " $ % < t$ %" 4$5$% " 7 the 5 " " $ rem i n the Loan Do cuments , shall $ not affe ct the idity or tyi l i of the ngaini t$ %"' erms of ;n and each pr sion ovi in thiP ' s % enforceab > G $ Loa val % < 7 *% 5 ' 5 $< 77 $ ? " $' ' > " full 5 7 % 7 '$ N$ $ permitt va $ the Am ne dmen t, or Loan ? " $' Docum nts e, apprporiat ,e shall lid an d enfor cea ble to est extent de by * $"" ' be ; the as ' **% *% $ -" " $ $ > < law. 13 . 8 : *% ' ' -'' ' $ ' Ame Binding on D %' Heirs, 4 '' %' Succesor s ánd sign . s Th e prov siosni of this dmen n t sh all bi nd the ective -" " $ ' As $ '* 5 $ resp , 14. 9 N $ $ " $' Further Ass uran . sce Borr ower agrees ecte u any itiona l docu m nest that may be necessa ry or , % ' to $ ex " $ " < '' $< -'' % ' 6 % < add $ * %$ ' ' '' %' 7 the heirs, N $ %' executors, per os nal repres en,tativ se admin strator i, s ccess ors and ''5 ' assig sn of parties. " '$% $ %' su % *% ' $ $ 5 ' * %' %' desirde < by > % Lender to effectuate the intent and purpose 7 of this endment. -" " $ $ + $ $ ' Am ' % * %* ' $ -" " $ Jose D. Valada o 0>2 RLOC 0 Renw el a 201 5 9O 4th Ame ndm nte ) ' l- 3 Fourth -" " Amendm ent to Loan Docum stne 6 "$ > ? " $; 300 4& ·------ ---------- - - : ' 15. Execution in $ % ' Counte parts r . This -" " $ Amne dment " < may be N $ executed in < any " % number 7 of $ %* %$' counterp s,rta each 7 of wh chi ) /N $ when ' so N executed and 5 % delivered ' shall be " deemed $ to be an % original and all 7 of which $ ! taken $ $ % together ' shall '$ $ $ constitute $ but one and $ the ' " same '$% " $ instrument. 16 . F Governing > Law. : ' This -" " $ Amnetdm ne will be 5 % governed and $ %*% $ interpreted by ** < app ng yi l the ' laws 7 of $ the 4$ $ Staet 7 of $ & 5 % < California (the C& 5 % "Govrening > Law 4$ $ ] Sta)te" $ $ without % % regard to its $ conflict of ' laws *% * ' princip es. l $ $' 7 % B$ 5 ' year The * %$ ' parties 5 have ' signed $ ' this -" " Amnedm nte effveeict as of the < day and first % $$ written 5 above. < % ' : BORROW RE (@ @9Y @ @ F ? ->-?-2 ' '' ' : $ % D %< X ' '' ' : 4$ % ? %< X ¡JI/c>/1?/0 0-,2,-1. 1 - RABO BAN;;r ! _ l4f/J!-z l~. . .,. . . + By: 1 " ; Nam e: : $ ; Tie:lt Jose ? D. c Valadao 0>2 RLOC 0 Reen wal 2015 9 4th -" " K Amendme nt ) ' 6 %$ $ Fourth -" " $ Ameenmdnt to > Loan ? " $' Documents .( _-t-=-+-· " " ili -¿,Cï...¿_¿ kM>:-f • ~- U @> _ 4 8 301 (' - 2016 ' Valadao Jose % 431 2* 5 > 98 9 9I 7 Credit: Operat gin Lin e of 4048-0 1 = X :2 >2-1 - /1? /1: FI6+6:D FTH AM ENDME TN TO LO AN ?2 /1:4 DOCUMENTS X made " effective ' of K November $ $ 5 as 1 5 " ; 17 betw ? " $' i ' Thi s Fi6 7$ fth Amendment s $ dated and , 2016 en > Documents -" " $ to E , by $ Loan + ' < and ] BC ' ] -0A E VALADAO ' Two ->-?-2 ("BC ' '" '' +24/ " : JOS E ?D. ->-?-2 VALADA O {"J ose E D. Val da )ao" and MARY J. Mary J. Valadao , ' ) hu sband and wif e, doi ng bus ness i as F 7 C, %" %] coll $ 5 < R Star ? < Dairy B ' (Jose D.? Va adlao and %< Mary J. Valad ao ar % e i" 5 < ndividually and ectively, "Borrowe ) r" and 0-,2,-1., N.A. RABOBANK 4$ % 1-, a8 national > %C ban ikng assoc ioatn i ("Le .dn)er" ! '' $ U ,//++->/ 7 Februa $ % " - % " " + $ ' of $ $ certai , %% % ' " 6 % %< C Borrower and > % Lender 5 have ent ered int o that n % $ Credit Ag er emen t $ dated as ry 18, I 2011 , as ame ded n by < that 6 '$ > ? " $' 7 < 4 -" " $ $ Loa ? " $' ' of > 7 May cert ain B+ (i) Fir ts -" " $ Amendm nte $ to Loan Documen s t ' as of May 24 2012, (ii) Seco dn Ame dme nt n to n Docu sm etn as 3, 9, 8 B" " < 1 , 201 6 -" " $ ' 7 $ Loan ' of 7 Septembe ? " $' as 9 > Documents (ii)i : Third -" " $ Amentdm ne t o > Loan ? " $' Documen s t as of July , 2014 , an d (iv) h Ame dmen n t to r 4,9 4 *$ " % ) < 25 B 5 Fourt $ " $ "Credit Agreemen $ as ' the : % 7 %% 20 15 B' (said % " $ agreent me, as " amended , ' is he naeri fter referred to . ) "t Th e Cr et di Agreemen t and all other ) ' % $ K - % " $ % securing 5 or > ' % the agr eeme snt and instrum nets req reidu by > % Lender % for purpose s K of evidencing n i ref erred t$ o as n % Q % '$% " $' * %* ' ' $ Loan % > are % here ' Loa % " $' 5 R < ? " 'C this the 7 in not / $ ' Amendment -" " $ " $ + %" ' ' defined $ other $ % Loan ? " $' and $ defi $ ' Doc.um "nt se Each ca pit zealid term used in that is end in this * R > Documents : ' Amendment ? " $ This that $ $ > be -" " $ 5 $ -" " $ will % interpre $ %*% $ Amenme tdn will have the " meaning '* R specified in Loan Docum nt. e edt in acco rdan ce wi ht the $ Dr afting 5 $ ' Covn.sen io nt ?% ] ^ B+ B 7 the $ % $ 7 in > % Borrowe r and Lende r wi sh to certain *% 5 '" ' provi onsis of Credit Ag eement r , as s Amendment. , %% % + thi $ ' - % " $ ' $ forth -" " $ " " ' $ amend ' set 2% + ' " $' $ Re 0 " /" Except /N *$ as ' mod " R $ ' Ame of -" " $ t$ 1. Orgna il Instr unt m se to mian in Effect. fied i by dment. n each he Loa n > < this ' % % " ? " $' eff 77 E en $ % $ %"' $ % ' ' Docum s nte shall remai n in ect an d ar % e 5 valid, bind ngi and foceable r acco ngrd i to . If+7 any flict ari ses bet ween $ $ % terms $ their < con thi s -" " $ Amendm nte and $ the original Loan ? " $' Documents , then s Am endment sha ll $" E control. $ ' ' $ ' $ thi -" " " % > $ ' $ date R % the % % of thi s Amendment. ch referenc e in n Documents and after $ K the $ Loa -" " $ ea > % " "' On ? " "' Effect on > Loan Document .s /77 $ 2. ] % 7," C C " - " 7 ·C % %S ! terms P Loan $ %"; shall ' mean to ]$ ' "this Ag reeme t".n 'hereunder " , "hereof "herein" and ' such othe r like erence to " and $ % > Documents % " ? " $' $ be a ref the as amenedd < by tCC) his Am endment. -" " $ ' " $ % ' % ame '' ' $ " ' $ herein 3. Effect of thi s -" " $ Amendme t. n Unl ess oth erwise stated , the es and dnm nt se con tained in $ chang " " $' 8 /77 $ 7 $ ' $ ' " this /77 $ ' K " da ' $ 7 %" $ openin $ this -" " $ Ame ndm ten ' shall be " effec vei t as of the et fiR%'$ rst set forth in the g paragraph to nte (B" the "Am endment Effective -" " $ * * % % * $ ' Amendm -" " $ Dat . )e" 0 ' - % " $ 7 : %"' $ % $ Mod ified Term s K of the Credit Ag er em t.ne 9 4. , ' El : 2* % $ 7 G / 6 4 $ 1 8B "5 7 (a) The Operat ing > Line of Credit: , %% Borrowing Base: gibl ie Fee d I+ 5 nventory. Section 0. 3/b)(iv) of B +4 hereby Z '$ i $' ' follows - % " " the Credit Ag er eme nt is ts entiret y as : % $ " in 5% $< % < amended E/ + 5 $ "E 6 " ' other % fee "Elig blei Feed Inventory " me ans < hay si' lage and d, and $ $ % roughage R ' feed finished 7 a8 favo 7 5 % + fav 7 5 % > %G ' W $ # $' rst prior tyi perf ected security nteer st in r of 7 Len der; (C) ect to n in or of a Pe sr on fi"'K > K subj $ any * %7 $ ' % $< i+" % ' * % < < Lie B not a $ unsu oth er t han Lend er; (D) $ not spo iled or erwise in tabl ie for ngi lives oc ;tk and $ % ' '* % % oth condition ' $ $ % feed (E) 5 '$ !; > %E B B/ oth erwise acce ptable $ to > $E Lend ; re *$ $ % ' ]B5 "(v) ' (A) < in < the 5 '$ ! * '' '' of 7 % feeding $ possession K Borrower norm ylal us ed for lvi estock whi hc is by and , (B) o ' , "" % ' W $ t B- owned BI subject 4 R E % $ Th e Operat gin Li ne of Cred t: i Interest. 1.06 of K the edit Agr em nte is ' her eby am enedd - % " $ " $ Cr + $ % '$ Section > : 2 "$ 7 % $G % < as follows: (b) B + + 4 $ % < ' '; in its entiety r C *% * K Loa : "10. 6 I+ $ % '$ nteer st. Th e un paid prin iclpa ba ancl e of sn und er the l l bea r * > ' K Credit % > of $ Line $ % ] wi " $ >+,20 * ' K (a) * % ann i+ $ % '$ nteer st at equal to eater of e mon ht LIBOR plus 3.8 000 % per mu, Adju tsed on t \ R%'$ % $ % " % $ Q gr $ firs 8K a the rate the ' B on 8 \ " K t$ day 7 of each Lin e of Credit Mon ,ht or % (b) 00% per . LIBOR ll be nedrmi as of te of he >+,20 sha ' 7 $ * % annum dete the $ %" ' $ $ da > $ < B 3.0 ' not respec tiv e Adj ustmen, t or date of ve i Ad uj stment is isnes Day, the n on % if the $ $ 7 the - W '$" $ $ $ B '* 5 $ respect " a Bu , ' '' the - W '$" $ % '* $ 5 ? < K t$ ' Bu siness Da y "" $ < immediat lye precedin g the date of the res petcive Adju tmen s t (tB" he gre taer of hose rat es, the $ % $ '* 5 * $ $ - W '$" $ $ ' , ' '' K ? < ] 0 $ C % OK " : $ on " $ ·'UE>+,20 BOR Ind edx Rat .)e" Th e ter m "LiC> ne of dit Mo h"nt mea sn the e mo hnt per odi beg innin g on rst K Cre the " ' fiR%'K * $ + N 1K 7 1" " ] 895728v 1 5 Jos e Va lad oa ' D > Fifth -" " Amemedntn Loa n ? ""' Docum nest U M 302 5 $ day of the % calenrda month +"" $ < immedi ley t a follow ng i the -" " $ Amendm nte Effecve ti Date, and each ' '' 5 successive one / $ 5 " $ ? $ E < * % C " mon ht pe"riod. " $' % # "% ? $ : % $ > (c) The Operating Line 7 of % Credit; 0 Required Payment ; s Maturity Date. 4 $ Secnoti 10. 7 7 of $ the % ] Credit B " Ag er emen t ' is % < heerby ame de nd in $' its $ % < entirety ' as 7 '; follows: · - %' " " "1. 07 ? $ 0 % Required # " $% Payments; $ % Matu tyi r Date. , %% % (a) Borrowre ' shall * < pay % accur ed % ' interest on t > he Line 7 % $ of Credit on ? " % Decm e ber 1, 2016 and the B first < day K of each " $ month $ % 7$ % therea reft to $ the < Maturity ? $ Daet. $ 7 %'$ (b) B ' Bororwer shall * < pay > Line $ of % $ Credit *% * prncipal i in the amount of [ $16 667 00, : B on ? " % Decem erb $ " $ , %% % K 201 6, and on $ the R%'$ first < day Z of " $ each motnh % % thereafter to $ the ""< Mat ty i ru Date B R (defined herei . )n ? 1, : * (c) The unpaid *% "* princiapl balance of, all * unpaid % accrude + % '$ inter st on, and all $ % other % ' charges 7 B ' % " % * under this ager ement wi th % '* respect to the > Line K % $ of Credi , t ' shall be pai d on 4 *$ " % September 8 30, 2071 B$ (the $ % < "Maturity Da ".e)"t ( ) " C & % 7 (d) Gener l a ? R $ ; Definitions ; >+,20 LIBOR. : The 7 followi gn defined $ %" term ' $ set forth " in -" Article ( 9 of the % $ Credit B Ager em t ne is % < hereby " amedned and % '$ $ resaett d in $' its +,20] 7 % < ""LBI OR " mea s,n for any $ % 'R Interest # % Per od,i 8 a % $ rate * % per " annm u Q equal $ to the > London + $ % ! interbkna offeed r " ' 77 % - " '$% % $ rate ' " ' % as adminere itsd by the + / ICE , " %! Becnhkm ra Adm nistra io in t (or < any $ % other # ' Person $ that +' is ' $ des gnaited as ' B % < % * %* ' ' - " '$% $ $ " '$% $ 7 successo r to $ the + / ICE , " 5! Bencm h ark Ad nisratm ontii for purposes K of the admiratio nis tn of ' such B" rate) +" for * ' $' depoist ' '' % in 4 U.S. ++ %' doallrs with a $ %" term Q 5 $ equ va ent li to ' such + % ' Intere ts # % Period ** E appea ng i r on $ the ** applicaebl page % or ' % screen $ at $ $ * , " % 5 " Blco oom mb g.re (or, + in the 5 K event ' such % $ rate ' does $ not ** % appear on a , " % " * Bloo comb mrg .e page % or ' % scre, en on $ the B % **5 *% $ ' %5 * ' apat preop ir page % or ' % screen 7 of ' such % other 7 %" $ inform on tai service $ $ that * ' ' publi ehss such % $ rate ' as ' shall be ' $ selected < by > % 7% " $ " ' % $ K Lender from time $ to " tm i e in $' its % ' reaso eblan disc o)net ri at **$ N " $ < approxim ate ly 11 :00 " a.m., > London $ " C tim " e. ; , %% % ' 5. Borrower 's 0 *% ' $ $ Representations . + ln $ add oni it to the % *% ' ' represnota se tin and %% $ ' waranties " made < by , %% % Borower " in $ the ) % *% ' ' > " , %% 5 Loan ? " $' Docm uts,en Borrower $' warra tsn and represen st to Lender ' as ' follows: > (a) No Change in , %% % Borrower . : % Theer ' has $ not been < any change " in $ the %' * ownersh p i % or '$% $ % struc eru t of 1 7 B * 5 % % ' ' r or $' its ' ''G business; tha t the resoluti son prov ded i to > % Lender $ with % '* $ respect $ to $ the > Loan ? " $' Docume snt % are " in 7 full " force Borower , %% % + 8 $ $ %' % " +7 and ; effec ; t and K that the und gendiser remain $ % authorized to act on $ behalf 7 of and bind , 5% 5 Borow r. re If < any 7 of $ the % foregoing +' is ' % % inacuecra t or %% $ inco,rerct in < any % Lende r 7" ''57% " haress ml from + % $ % '' ' any and all claims, losses % or " ' damages $ $ that > % Lender N* % ' expe ience r s or " %' incurs ' as a % ' $ resul .t "' < (b) No /5 $ Event 7 of ? 7 $ Default. : % There +4 is no /5 K Event 7 of ? 7 $ Default % or 5 $ event whic , h with $ not cei % or $ the *' lapse K of $ " time 1 B? would be an /5 $ Event K of ? 7 Default % under $ the > Loan ? " $' Docu.stm ne " ' : (e) Warrna ty Inform tion a. The + " inform tion a furn shed i to > % Lender < by , %% % Borrower ' as * part $ of $ ' this + %" $ + %% B $ ; $ %"' ' -" " $ % furnished $ , %% % Amne dm nte were as " a material " " $ inducenm et for > $ Lender $ to " 7< modify $ the $ %"' terms of $ the > Loan with Borrow r e and is $' information * upon wh chi the > % Lender ' is % < relng yi on " in % granti g n the $ %"' % % terms hereunde . r Borow re further R warrants and , %% % 7 %$ % %" $ 7 < 5 es e that all the + 2+: +, 2D informa ion t given $ to $ the > % Lender +' is "* complete , " accaruet and fully % *% ' $' represents , %% % ' Borrower s ' 5 financial guaar nt % ' and * % $ operating $ ' con on tis.di (d) B $ : 7 Continuing 0 *% ' $ $ ' Repes rent tion as and F %% $ ' Waranties . The + *% ' " ' repon reenta ss i t and %% $ ' warties arn of , %% % Borrower + forth in the > Loan ? " $' Document s are $% true, $ correct, and "* $ comp eet l in all " $ maeiatrl resp .stec set 7 $ $ '* ' 5 ' $ 6. Conditions 7 of $ ' this -" " $ Amendment. > % Lendre ' shall 5 have no $ obligaotni to N execute $ ' thsi -" " $ Amenm edtn or * "" perfo mr 0N its $ ' $ % % oblgatio i sn under + ' this -" " " Amend en tm unless and $ until $ the 7 " following $ ' condit onsi are ' $ 'R satisfied on % or befeor 1 5 " % Novm ereb 30, 2061 '' $ ' % 8 ? C ("Term onnat ii Date . )" B^: %" $ *% $ % If $ the foll owing $ ' con tions di precedent are $ not ' 5'R sat sfiied on % or 7 % beof re the : %"" Terna mion it Dae,t $ then $ the ? $ ++ ng i prncipa i l balance 7 of the > Loan and all % acceudr and * unpa d i $ % '$ interest and all other " $' amounts * < payable % under $ the > Loan outstand $'$ *% * Documents ' shall " become "" $ < immdeiately due and * < paylabe $ $ witho t u *% ' $" $ presentmen , t " demand , *% $ '$ proest t , not ce i of + $ $ intent to % $ E acce erate l , 7 ? " $' " "" % not cei K of % acceotinaler or $ notice % Q % " $' requi ement r s of < any $ % other !" kind, all of F$ whihc % are 5 waived < by , %% % Borrower and > 7 Lendre " < may N % ' exsecri any < 1" '"5 89S72 18v Jose Va adao l $ 2 Fifth Am endm etn Loan ? " "' Document s -" 5 303 8 8 ----- ------------------------- or all of $' its % $' rights % under $ the > Loan ? " $' Docum . sen t unhind ed re by + ' this -" " $; Amendme nt: % % < (a) B , %% % Borrowe r ' has N execu edt and 5 % delivered $ ' this -" " $ Amendment to Lender; $ > %; (b) , %% % Borrowe r ' has * paid $ to > % Lender 7 a loan fee in $ the " $ amount 7 of [ $165 ,58 . ; 1)I )G and (e) > % ' Lensd'er rece pt i ? of all $ % other " $' docume , snt " %" informat on i and $ % other *% ' precond sitio n required < by > % Lend, er % *$ % Q % B B 7 including, wihou t t + " $ lm i taio it n, executed '' " $' ass gnm isent of *% ' proceeds $ % for all % " % ' creamerie s wher , %% % Borrowre 5 %' %< delivers dairy $ $ + E N $ % produ . stc *% $' : 7 , ' %5 $ 7. Reservati on of 0 $' Rights. Th ough > % Lender ' is % agreegin to amend $ the > Loan ' as ' set forth % herei,n > % Lender % ' %5 ' reserevs $ " all rights and % " ' remeides $ to whihc it ' is, % or " < may " becom , e < legally " $ ent tleid under $ the > Loan ? " $' Docu .m setn Acco y, l grd in this -" " $ Amendm etn % - % < $ ' ' 7 an does $ not '$ $ con tute sit a 5 % waiver of y % $ right % or % " < reme yd $ $ that " < may % or in $ the 7 $ % future does become 5 ava eab ill to > % Lender % 7 or of < any 7 $ default % or ' " < Event 7 of ? Default %% occrring u after the date 7 of $ ' this -" " $ Amend t. nem % /5 $ $ $ % $' $ ' 1 : ' I 8. No "" $" $ Commi me t nt as $ to 6 $ % Future 6 Financing . This Am endmen t ' is $ not a "" $" $ commitme t n on the Lend 'rse part $ to -" " $ $ > %' * *% 5 provide , %% % Borower % or < any % $ related $ $< entity $ with < any 7 $ % future 7 finacign in < any " $ amount < beyond $ the $ %"' terms ' $ set forth in thi s -" " $ Amedm nent. $ ' ( 1 % , %% % ' $ 9. No 277' $ Offset, ? 7 ' Defese n or " Claim. Borrower does not 5 have < any B (a) 77' $' offsets '$ against the amount * < + payable % under $ " $ $ > the Loan ? " $'G Docume s;t n (b) 7 ' ' defenses $ to the ent of < any " $' amounts % under $ the > Loan ? " $'G Docume ; snt or B (c) "' '$ cla mis against > $ Lender + in paym % * <" " B $ : connioenct with $ the > Loan ? " $' Docu s.m et n To the N exet nt < any ' such "' claims do N '$ exist, , %% % Borrowe r % < 5 ' hereby waives $ " them $ to the fulle ts N$ extetn + ' permitted < by law. * %" $$ : 1 10. No 5 % Wa.ivre The N $ exec on, iut del very i and 5 '' effective ess n of $ ' this -" " $ Amendmnet shall not, N *$ except ' as N*% '' < express y l 5 %< ' $ 7 *% 5 provided % here n, i * % operate ' as a 5 % waiver 7 of any right, * % power % or % " < remedy 7 of the Lender % under the Credit - % " $ Agee rt nem or $ % other > Loan $ > % % $ < % $ % Doc ments, u nor '$ " constitute a 5 % waiver 7 of < any *% 5 provis oni of $ the % $ Credit Agr eemen t or other > Loan ? " ' Docmen u .s t K % ? " $' - % " $ % $ % 11. : , % % Expe ses. n The Borrower ' shall * < pay on " demand all '$' costs N* ' ' and expe ses n incurred < by the Lender in conn onecti /N" ' %% $ > % 7 N $ with $ the *% * % $ preparatio ,n execution , delivery , filing, and " '$% $ adnim statirion of $ ' this -" " $ Amendm t ne (including , $ $ without limtiati ,no Legal 6 ' Fees 5 %< B " $ > % 7 + %% $ in $ connection with $ the *% * % $ prepa atio r n of $ ' this -" " $ Amendme nt and 5 ' adviisgn the > % Lender ' as $ to $' its % $' rights, and $ the '$ cost K of < any % C cred t i incurred % ver ficiation reports % or 7 $ field N " ' exam osn at ini of $ the , %% % ' Bor sowe r' r prope ies rt or !' books and % % ' E records . ) , %% % ' Borros wer' obligation s to > % Lender $ *% * %$ ' 5 % R $ % * %$' $ ' $ ' 7 % under $ ' this 4 Sec iont shall ' %5 5 survive $ %"" $ termaon ntii of this Ame dment n and 5 * <" $ repaymnet of , %% % ' Borrowe s ' r $ ' obligtsaion to > % Lender % under the C ' -" " $ 7 $ % ] Credit - % " $ Agremen t. K : % 7 4 5 % < 12. Se ti yl ve ibar of #% 5 ' ' Provision .s The 5 $< inval ditiy or 7 % < unenfceabi or lity of < any term or *% 5 ' provis oni of $ ' this Ame dm nnet, or % $ % -" " $ % in the > Loan ? " $' Documents . ' shall $ not affect $ the 5 $< val dityi or 7 % $< enty forcea li i b of $ the % " remain ng i term s 7 of $ the > G Loa; n and each *% 5 ' provision in thi s $ %"' $ ' Amendment , % or the > Loan ? " ' Docum nts e, as **% *% $ approp iate r, shall be 5 valid and en foceab re l to the 7 '$ fullest N$ $ extent * %" $ pem r itted < by law. ' -" " $ $ % ' $ $ $ + 8 13. , Binding on D %'Z Heirs, 4 '' %' Successor s and -'' ' Assign .s The *"5 ' ' prosio visn of $ ' this -" " $ Ame dme nt n shall bind the % '* $ 5 respec ve i t : K ' ' '' %' heis,r N %' exeuc tors , * %' perso aln represen ves,at i t adminis rators t, successors and ass gns i of the parti.es 5 *% ' $ 5 ' 5"' % $ %'E 7 '' ' ' $ * %$ ' 9 14. , % 6 %$ % Furth re -'' % ' Assur ces na . Bor ower % ' agrees $ to N $ execteu any add tionali docme utsn that " < may be '' %< necessary % or R " $' $ $ < by > % Lender to effec ettua the + intent and * %* ' purpose 7 of $ ' this -" " $E Amne dm nt. e desired < $ ' % $ 77 $ $ " 15. Exec ion tu in " " Counparts ret . This Amend m ent " < may be N $ execu ed t in < any " ; number of $ %* ' counterpa , srt each K of whi ch : ' ) -" " $ $ when ' so N executed and 5 % delivered ' shall be " deemed $ to be an % orig nali and all 7 of wh chi $ ! taken $ % together ' shall '$ $ $ cons et utit but one and the $ same '$% " $ instrument. ' " 16. & 5 % -" " " Governi ng > Law. : 4 Th s i Amendm nte ' shall be + $ %*% $ interpr ted e by ** < apply ngi the laws 7 of $ the 4 $ State 7 of 7 " Cal fornia i wi thout $ ' < % % regard $ to $' its $ conflitc 7 of law * 'E principles. 17. Optically +" Imaged 0 % $ ' Reprodu . ct ion s Lender " < may " ! make an *$ < opticyall imaged % *% $ reproduction 7 of < any % or all > Loan > % 2 $ < " $ % Dom cutsen and, $ at $' its $ election, '$% < destoy r the % orig nali or % ' orig na s.l i Borrower consenst $ to the '$% $ dest ion rtcu of the original % or " ' origsinal , $% % ' $' ? " $' 7 $ % and % ' agrees $ $ that a *< copy K of B the *$ < optically " imaged % *% $ reproduc iont of < any > Loan ? " " Docume t n will be $ the Q 5 $ equ ent vali of and 7 % for all * %* ' ' purposes 7 ]B K con utte i ts an ] $ ^ "origni al" docum net. For * %* ' ' purpo es s of C]) this ' $ secion t. 'for all * %* ' 'C purp"esos includes ' use 7 of $ the *$ < opt cally i imaged 6 % " $ '$ + ' " reprodu oni tc (a) $ to *% 5 prove $ the content 7 of $ " the orgin i la " docm unet at " $ tr,ial media ion t, arb tration i or " '$% $ 5 % G administrative hearing; B (b) 7 % for < any % % *" $ % % $ IK B 1 I() I5 895728 1v Jose Va adao l ' D++ -" 5 > Fitth Am enntdm e Loan Doc m unest 5 ' 3 8 304 - $ % $ ' % ' ' '' * %* ' ; business purpose ; (c) 7 % for $ % internal or N$ % external audits @ % and/or N " $ examinna oti by % or on 7 beh fal of & 5 "" Governm ntal e Aut esti; hori (d) in < B B F $ 5 canceling % or $% '7 %% transfe rin gr any docme u n; t and B (e) in conjunct on i with < any % other $% ' $ transac iont evide ecnd by $ the Y original " docume nt. < " $; < -1? I F-+ /0 - :0+-> . 18 . WAIV RE 26 OF :0+-> TRIAL ,A BY 0A JURY. :D/ THE #-0:+/4 PARTI SE B- (A) 2 /1-1: COV NANT E AND -&0// AGREE 12: NOT TO />/ : ELECT A TRIAL , BY :D/ JURY +1 IN ANY ACTION 20 OR #02 //?+1& PROC NGED EI 620 FOR TH E 0/42> :+21 RESOLU TION OF -1A ANY ?+4# :/ DISPUTE, 21:02 /04A 0 CONTROV YS R E OR >-+ CLAIM :D-: THAT -1A - :+21 26 0A :2; 0 FD/:D/0 -0+4+1& +1 ARIS SE 2 : OUT 26 OF 20 OR 0/>-:/4 RELAT SE TO : B+ (I) :D+4 THIS -&0// /1:G AGREE M NT ;E OR B (li) -1A ANY >2-1 LOAN ?2 /1: DOCUM T,NE WHETRHE ARIS NGI IN -0+4/4 - 21:0- : :20: CON TRACT , TORT 20 OR ,A BY 4:-: :/ STATUT E B+1?+ +? ->>A (INDIVIDUALLY -1? AND 2>>/ :+ />A COLLE CLY ,TIV E A ]?+4# :/C ; "DISPUT ; )E" AND, B, (B) :2 TO :D/ THE /L:/1: EXTE TN -1? ,A #/0 +::/? +00/ 2 -,>A PERMITT DE BY -##>+ -,>/ APPLICABL E LAW, D/0/,A HEREBY IRREVOCABLY F-+ / WAIVE ->> ALL 0+&D: RIGHT :2 TO - A TRIAL BY 0A JURY -4 AS :2 TO -1A ANY :0+-> ,A >-F D/0/:2 +44 / 20 :2 ISSUE 0/>-:+1& RELAITNG HERETO +1 IN -1A ANY - :+21 ACTION , #02 //?+1& PROCEE DING OR 2 1:/0 >-+ COUNTE RCLAIM -0+4+1& ARISIN G 2 : OUT 26 OF 20 OR 0/>-:+1& RELATING TO :2 :D/ :1/ -1A 12F 26 ANY >2-1 LOAN ?2 /1: DOCUTNM E TO THE /L:/1: EXTENT 4 D SUCH 0+&D: RIGTH /L+4:4 EXISTS NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTURE. THE #02 +4+214 PROVI ION SS OF :D+4 THIS 4/ :+21 -1? SECTIO N -0/ ARE 4/#-0-:/>A SEPARA TELY &+ /1 GIVNE ,A BY /- D EACH #-0:A PARTY .12F+1&>A KNOWINGLY -1? AND 2> 1:-0+>AG VOU L NTARILY ; AND -0/ ARE - A -:/0+-> MATER IAL /1:/0+1& +1? / /1: 620 +1:2 INDUC TENME FOR AD/ THE >/1?/0 LENEDR ENTERIN G INTO :D/ THE >2-1 LOAN ?2 /1:4 DOCUM .NT SE +K ( K $ 19. Joint and 4 5 % Several 2 $ ' Obliagtion . s If , %$ % Borrowre ' '$' conssist of " % moer $ than one # " Per,son each , %% % Borrower B8 (a) N*5 '' < exper ssly ! ' % $ < ackonwledges $ $ that $ it ' has R$ benefited and will R$ benet,fi directly and % $ < indirectl , y 7% " from each > Loan ! ' and ackonwledges and ! ' undertakes . 7 % + $ % $ % together with $ the $ % other , %% %' Borrowers , K joint and ' 5 % several + $< liab lity i for $ the * $ pucnaut l payme t n when due, whet reh K at '$ $ staet d " $ % $ Loan hereunder has ? " $ $ Document ' is ' $ $ absolut,e uncondi , iona tl continuing and 5 irrevocable . ,2002F/0 BORROWER/L#0/44>A EXPRESSLY F-+ /4 WAIVES -1A 0/U +0/ /1: ANY REQUIREMEN T :D-: LENDER >/1?/0 /LD- 4: -1? #02 //? THAT EXHAUST -1A ANY 0+&D: RIGHT, #2F/0 POWER 20 OR 0/ /?A REMEDY AND PROCEED-&-+14: AGAINST :D/ THE OTHER BORROWER S 2:D/0 ,2002F/04 -1A 1?/0 -&0// /1: 0 UNDER :D+4 TH S I AGREEMENT , 20 OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1:4 DOCUMEN , ST OR -&-+14: AGA NST I ANY 2:D/0 OTHER #/0421 PERSO N 1?/0 UNDER AN Y -1A & -0-1:A GUARANTY 26E OF, 20 OR 4/ 0+: SECURITY 620 FOR, -1A ANY 26 OF :D/ THE 2,>+&-:+214 OBLIGATION . S : * %$ ' ! ' -" " $ 5 The parties 5 have 4 signed this Amendm nte effectiev ' as 7 of $ the < day and < % year R%'$ first %" writtne 5 above. BORRORW E ,2002F/0 F9->@ - ( 4/ JÖSED?E . VA A L DAO , ' '' doi ng business ' as : Two 4$ % Star ? %< Dairy ->-?-2 F -0A - ? '" '' ' : 4 $ ? %< 4 1+ 5 89572 v18 E "E"= ' Jose Va adao l 6 C - 5"" > >$ E 5 " Fifth Amendm nte Loan Docm u ents 305 8 ) X >/1?/0 RAEh ~ 0-,2 J 1. 1 < By: ,<; + D-/> MICHAEL LIMAS, Vice #% ' $ Presi t de n >+ -4 1895728 v1 I() I5 Jose Valadao ' _ 5 " > Fifth -" " $ Amendme tn Loan ? " $' Docum ents 306 8 EXHIBIT 307 Rabobank, 1 - N.A. 0 ! Commercial > Loan - " '$% $ Administration 4 %5 ' Services "" % Office % '' address 8998 3443 4 $ South < Mooney , 5 Blvd 277 Visa/io, Ca (8 93277 ' @ Mailing % '' address 8998 3443 4 $ 5outh < Mooney , 5 Blvd Visalia, Ca (8 93277 ' Telephone B))( (559) 8)9 ( 735·2209 : * August 26, ) - '$ 2015 Jose D. Valadao and %< Mary J. Valadao , doing ' '' business ' as : Two 4$ % Star ? %< Dairy ' ? 515 4 % Sedro 4 St ) ) Tulare, Ca (8 9 93274 : % Re: RNA Loan Number 98 9 9I= 4314048-1 0 ; 01- > 1 " % Operating > Line 7 of % $ Credit [ $2,500,000 00 . ) 2* % $ Extension 7: %"' of Terms 7 of > Loan /N$ ' Dear Borrower, ? % , %% % This will R%" confirm that Rabobank , 1 - N.A. B], !C ("Bank ") ' has % agreed $ to N$ extend $ the 5 = above$ $ 0 ! : ' referenced loan B$ (the ]> ^ "Loan") on $ the 7 following $ %"' terms and $ '; conditions: % 7 % l. The 2% Original Loan Documents F Will 0 " Remain in /77 $ Effect. : The % original loan : > ? " $' documents 7 % for $ ' this > Loan $ $ that % were N $ executed on % or $ about 6 % %< February I 18, 2011 B ' (as " $' ? " "'C ' + amended , " the ]> "Loan Documents") shall % " remain 7 in full 7 % force and 77 $ effect N *$ except ' as " modified < by $ ' this $$ % letter. 4 Should < any $ conflict % ' arise $ between $ ' $$ % this letter and the Loan " R $ > Documents, $ then $ ' this $$ % letter ' shall $% control. ? " $' 2. Maturity Date. The " $ % $< maturity $ date on $ the > Loan ' shall be extended from - '$ August ? $ : N$ 7% " $ % $< 31, ) 2015 $ to 4 *$ " % September 8 30, ) 2015. : ' This " ' means all " $' amounts $'$ outstanding % under $ the 8 Loan will be due and * < payable on 4 *$ " % September 8 30, ) 2015. > 3. 8 Other : %"' Tenns 0 " Remain in 6 Full Force and /77 $ Effect. - All $ % other $ %"' terms and $ ' conditions 6 % 2$ % as ' $ set 7 %" forth in $ the > Loan ? " $' Documents ' shall % " remain in full force and 77 $ effect. 7 7 % ' 4. 9 6 $ % 6 No "" $" $ Commitment ' as $ to Future Financing. : ' This % " $ agreement $ to N$ extend $ the 1 maturity $ date on $ ' this > Loan ' is $ not a "" $" $ commitment $ to *% 5 provide < you % or < any % $ related " $ % $< entity $ with < any future financing in < any " $ amount < beyond $ the N$ extended " $ % $< maturity $ date 7 $ % R $ $< $$ % set 7 %$ forth in $ ' this letter. ' $ 5. ) Reservation 7 of 0 $' Rights. : Though , ! Bank ' is % agreeing $ to $ ' this N$ ' extension ' as ' $ set 7 %$ forth 0 ' %5 $ $ ' $ 5 $ ' % " ' herein, it specifically reserve s all rights and remedies available to it should this % $' % ' %5 ' $ '* R < % Loan experience an 5 $ event 7 of 7 $ default R % after $ the % $ granting 7 of $ ' this N$ ' extension. > N* % (11/11) B @ EXHIBIT A Y /LD+,+: 308 8 I Rabobank 0 ! @ Page 2/2 # Accordingly, this $$ % letter ' does $ not '$ $ $ constitute a 5 % waiver 7 of < any % $ right % or % " < remedy $ $ that - % < E ' % 7 may in the future become available to Bank or of any default or 5 $ event 7 of 7 $ default $ % 7 $ 5 " B , ! < " < 7 $ % = occurring 7$ % after $ the $ date 7 of $ ' this $$ % letter . 6. Extension 6 Fee. : % There ' is a [ $0.00 7 fee 7 % for $ ' this N$ ' extension $ $ that ' is due * upon N $ execution /N$ ' of $ ' this $$ % letter. 7 Finally, we would ! like $ to $ ! thank < you 7 % for < % your ' '' business. We will $ continue $ to *% 5 provide < you F 6 < with $ '$ the highest 5 level 7 of '$ " % customer ' %5 service 7 % for < % your future endeavors, ' so * ' please ! * keep ' us in $ 7 $ % 5 %' mind when ' % considering < % your 7 $ % future ' "' business ' needs. " < Mary 1 %< Nance ? " $ $ % # VP = - > Loan Documentation Manager ; cc: 309 8 ( Rabobank, N.A. 0 ! 1 - "" % > Commercial Loan - " '$% $ Administration 4 %5 ' Services 0 ! 9) £ / 0 5 % # %! Place # F '$ 45 River Park West 4 $ 9 Suite401 - 93720 6% ' , CA (8 Fresno (9 = (800) BI 942-62ll - 'E August 26, 2016 4$ % ? %< Jose ? D. Valadao, doing ' '' business ' as : Two Star Dairy ' ' : ? %< Mary J. Valadao, doing ' ; business as Two 4$ % Star Dairy %< ) ) 4 " 515 Sedro 4 $ Street : Tulare, - CA (8 9 93274 98 9 9I= > Loan 1 E % Number 4314048 1 - -= 2* $ R Operating > Line 7 of % $ Credit 0 ; Re: /N$ ' 7 : "' Extension ofîerms & $ " Gentlemen, 2 % Line 5 % 7 % loan (the > of -' $ %% $ - '$ 31, (the B$ "Operating As < you % are $ aware, the current " $ % $< maturity $ date 7 of the above referenced is August % K ' 8 2016 B Credit') ] $ " " $' owing $ % amounts $ Operating > of 2* % $ Line % $ % are 7 Credit 'Maturity ? $ C Date"), on which date all *% * principal , $ % '$ interest and all other under the % due and 7 %$ " ' set $ Loan > Documents $ meanings ' $ forth ? " $' = ' 5 % shall payable. - All capitalized not R defined herein have the in the evidencing the * $ terms $ %"' $ * < % $ 2* % $ Operating > Line of 7 Credit. % Q '' an extension 5 requested $ N$ ' 7 $ Maturity ? $ You, or a ? ' $ Designated # %' Person $ R identified in the > Loan ? " $' Documents, have of the $ % $< Date. A % $ extend N$ $ % to of 2* % $ Line % $ the $ following $ %"' : ' This + % letter will R%" confirm $ $ that 0 ! Rabo bank, 1 - N.A. B > % ("Lender') ' has agreed the Operating Credit on 7 terms and $ '; conditions: 1. 2. 3. 8 7 Credit N$ % $ ' 2* % $ > 7% " August - '$ 31, to $ Maturity Date. : The " $ % $< maturity $ date 7 of $ the Operating Line of shall be extended from 8 2016 C $ % < $ the $ terms $ %"' of $ the $ Loan > Documents 4 W $ to > % may ? " $' $ to $ 4 *$ " % September 30 2016 (the Maturity ? $ C Date )." Subject , Lender 8 , B$ "New " < continue > 7 $ " to % $ % $ from B"" time time % $ Loans > ' under 7 Credit ^" during 7% " the $ 2* % $ > % $ * % make Operating Line of the 2* % $ Operating Line of Credit the period from " ! ? $ after % $ $ of 7 this $ ' $$ % 6% " and $ %" " "E ? $ $ term the $ loan > date of this $$ % letter to the 1 New $ % $< Maturity Date . From the date letter, the 'Maturity Date " in $ 7 $ ' $ $ 1 Maturity ? " $' $ % $< ? $ Documents ' shall " mean $ the New Date. : > ' remain % " in full 7 force 7 % and ? " $' shall except Loan ? < Documents F Will 0 " Remain + in / Effect. The Loan Documents > effect ' N *$ as the > Documents, 4 < $ % ' $ $ ' Loan $ this $ ' letter ? " $' then " R < $$ % shall modified by $ ' this $$ % letter. Should any conflict arise between this + % letter and ' $% control. - other ' set $ % terms $ %"' $ ' as ' $ forth 7 %" in + the $ loan > Documents Other Terms Remain in 6 Full / ' Force and /77 $ Effect. All and conditions 2$ %: %"' ? " $' 0 " + K force 7 % ' shall % " remain + in full and 77 $ effect. 4. 9 $ extend N$ the the ' " > of $ " $ % $< 6 : ' 2* % $ Line 1 "" $" $ as Operating 7 % $ No Commitment to 6 $ " Future Financing. This % " $ agreement to maturity $ date on Credit is not a commitment to provide you or any related entity with any future financing in any amount beyond the New 1 ' $ "" $" $ $ *% 5 < % < % $ $ $< $ < 7 $ % R + < " $ < $ Maturity ? $ Date ' $ set $ %$ forth in $ ' this $$ % letter. $ % $< 5. ) " N ' the $ ma $ as ' agreeing ' set ' $ forth 6 %^; herein % $ : > % 7 Rights. % Reservation of Lender is to the exten ion s of ut rity date , Lender " $ "< > % ' $' Though 0 R ' 2* % $ 7 Credit > of % $ experience % " ' 5 remedies $ $ N* % an event 5 of 7 specifically % ' %5 ' reserves all % $' rights and available to it should Operating Line '* R < 310 8 # 7 Page 2 of 2 $ '$ $ $ 7 any % $ or % remedy default 7$ % after the of $ ' this N$ ' extens on.i Accord ngly ,i this letter does not constitute a 5 % waiver of $ granting % $ 7 $ ' $$ % ' - % < % " < 7 $ < right % $ $ 7 $ $ t l that now that occurs that " < may in $ the 7 $ % future " become 5 $ available to Lender % or of any default or 5 $ event 7 of defau 7 $ % $ $ $ > % 7 < exists, %' N '$' or % $ ' $$ % after the date 7 of this letter. $ $ 5 E$ any Please $ $ contact < % your % $ ' * relationship " % manager, Michae l > " ' Limas with questions. # ' < Q '$ ' ' '' F $ provide * 5 < $ the $ " '$ '$ " % ' %5 Finally, we would ! like $ to $ ! thank you your business. We will $ continue to you with highest 5 level 7 of customer service K < % 6 < < for + " for future 5 %' endeavors, ' so * ' please ! * keep ' us in mind when considering your bus ness i needs. ' % 7 $ % ' '' ' 7 % your < % future < % 7 $ % 4 < %< 1 > ? " $ $ % 311 8 0 ! Rabobank, 1 - N.A. - " '$% $ 4 %5 ' "" % > Commercial Loan Administration Services 0 ! 0 5 % # %! F '$ 9) E. # West 45 Park Place / River 4 7 9 K Suite401 (8 - 93720 Fresno, 6% ' CA (800) (9 = 942-6222 BI 2 $ % October11,2 16 0 ' Jose ? D. Valadao Mary J. Valadao %< Oba : Two 4$ % ? %< Star Da ryi ? 515 4 " Sedro 4$% $ Street ) ) Tulare, - CA (8 9 93274 : % 2* % $ > 7 % $ Loan 1 " % Number 98 9 9I9 4314048 1 - -= Operating Line of Credit > Re: 0 ; Extens on i of : %"' Terms /N$ ' 7 Gentlemen, & $ " % ER^ $ above 7 the (the ' As you % are % aware, $ the %% $ current " $ % $< maturity $ date of referenced loan "Operating Line Cred t'}i is September 30, 2016 4 * " % 8 -' < 5 % 7 % B$ EU % $ > of % $ 2* % $ all ? $ $ % " $' owing 7 Credit % $ are % under (the ] ""< "Maturity Date ),ª on which date D+ all *% * principal, " "'K interest and other amounts the Operating > Line of due $ B$ the 5 and * < payable. - All * $ capitalized terms not R defined herein have $ the " ' meanings ' $ set forth dencing the % shall > Documents ? " $' evi $ %"' $ ' 5 7 $ in $ Loan $ % $ t. i Operating > Line 7 of Cred 2* % $ $ $ % $< N$ ' of $ R 5 requested % Q '$ 7 the You, % or a ? ' $ Designated # %' Person identified in $ the > Loan ? " $' Documents, have an extension Maturity ? $ E Date. A $ Operating 7 $ following % $ This letter will confirm that Rabobank, 1- N.A. BE> (ªLender"} ' has agreed to N$ extend the of % $ %; Credit on the 7 terms 2* % $ Line $ 0 ! $ %"' 7 %" : ' % E and $ '; conditions : 1. Credit ' % shall "" September to $ Maturity Date. : The " $ $< maturity $ date 7 of the Line of be extended N$ from $ Operating 2* % $ > 8 2016 4 "" % 30, $ Loan November 8 30, 2016 B$ (the "New Maturity Date'). Subject to $ the terms Lender may continue to $ %"' of 7 the > Documents, ? " $' > % 4 W $ $ 1 5 " % $ " < $ 2* % > make 2* "R Operating > Line 7 % $ of Credit > ' Loans under Line of Credit from % the + Operating 7 " $ 7% " time $ " to $ time " during % the $ period 7% " the * % from $ " ! ] $ ' letter, $ %" "Maturity date 7 of $ ' this $$ % letter to the 1 New $ % $< ? $ Maturity Date. 6% " From and $ % after the date 7 of this " in $ $ $ term the $$ % the $ $ $ $ Loan > < Date Documents sha ll " mean the New Maturity ? $ Date. ? " $' ' 1 $ % $< + force 2. Loan ? " " Documents F Wìll 0 " Remain in / Effect. : The > Loan Documents remain + in full as ? " shall ' $ " 7 % and effect 77 $ except N * ' > $ > $ ' letter s letter modified < by this letter. 4 Should < any conflict arise between this and the Loan ? " $' Documents, then % ' ' $$ % $ thi $ ' $$ % shall $ ' $$ % " R control. $% 3. Other : %"' Terms 0 W Remain in 7 Full 6 % Force and Effect. - All other and conditions set forth /77 $ $ % terms ' ' $ the > Documents $ ' as + in $ Loan ? " $' $ %"' 8 2$ % shall remain + in 7 full force and 77 $ effect. 7 % ' % " 4. 9 $ extend $ No U ""!" Commitment as to on the % " $ to N$ the > of maturity : ' agreement $ Operating 7 Credit % $ 2* % $ Line 1 " $ % $< date R This Future "Y; Financing. $ *% 5 % % $ $ 7 $ % R " $ < 1 is not a "" $" " commitment to provide you any related $ $< entity with any any amount beyond the $ New ' $ < future financing in < < or < Maturity Date ' $ set forth in thi s $$ % letter. 7 %$ + $ ' $ % $< ? $ 312 8 # Page 2 7 of 2 5. ) Reservation 7 of Rights. : Though > % Lender ' is " agreeing $ to $ the N$ ' extension 7 of $ the " $ % $< maturity $ dale ' as ' $ set 7 %$ forth % herein, > % Lender 0 ' %5 $ % ' %5 ' '* R < specifica ly l reserves all % $' rights and % " ' remedies 5 available $ to $ it ' should $ the 2* % $ Operating > 7 % $ Line of Credit N* % experience an 5 $ event 7 of default 7$ % after the granting 7 of + ' this N$ ' extension . - % < Accordingly, $ ' $$ % this letter ' does $ not ' $ $ constitute a 5 % waiver 7 of < any % $ right % or % " < remedy 7 $ $ % R $ $ that " < may in $ the 7 $ % future " become 5 $ available $ to > % Lender % or 7 of < any 7 $ default % or 5 " event 7 of $ defau t l $ $ that now N '$' exists, % or that occurs $ $ %' after the $ date 7$ ' of this $ % letter. 7$ %$ # ' Please $ $ contact < % your % " * relationship " % manager , Michael > " ' Limas $ with < any Q '$ ' questions. would ! like $ to $ ! thank < you 7 % for < % your ' '' business. F We will $ continue $ to *% 5 provide < you $ with $ the '$ highest 5 level 7 of '$ " % customer ' %5 service Finally, we 6 < 7 % * ' ! * for < % your 7 $ % future 5 %' endeavors, ' so please keep ' us in " mind when ' % considering < % your 7 $ % future ' '' business ' needs. Mary 1 Nance %< > Loan ? " $ $ Documentation % Manager 313 8 8 EXHIBIT 314 , ! % Baker Manock ! I ' &Jensen re 5; -E++201/ / -: >-F ATTON R EYS AT LAW -----------/% C. Cole Eric 4 *$ " % Septemb er I8, 2017 Attorney $ at > l aw -$$ % < " ecol c@bak com oc .knrm ca F b f " " ! Fig & % Garden 6 Financial "%< Cent er # +- />/ :021 MAIL -+> AND -1? 21:0- VIA ELECTRONIC ONTRAC ' ) ) 5260 1 %$ North # " Palm -5 Avenu e " Fl"" Fourth oor 6% ' B " Fresno, Californ a i 93704 ( Ril ey F % Walter, /'Q Esq. 0 < F $ % Walter and F " Wilhm el Law Group > &% * ) 0 5 % # %! 4 $ 9 205 / E. River Park % Circ e,l Suite 410 7 % Fresno, Cal ifornia (8 93720 6% ' ))( 9) 8Q = ; Tel: 559.432.5400 Fax: '' " ' 559.432. 5620 6 % www.bake rm anock.com !" ! " /= ; E-Mail: rileywal te@ r W2 LG.com % < %fF >& " Re: 0 ; Jose D. Valada o and Maryl adao dba ' ? %< Val : 4$ % Two Star ? %< Dai ry B], %% %^ ("Borrower ) " 9 9I= + 2* % $ Operatin g > Line 7 of % $ Credit B> (Loan 1 No. 98 4314048-01) Dear % Mr. Walter: ? % F $ %; % *% ' $ repres As < you know ent Rabobank, N.A. B]0 !^ ("Rabobank"). : The 5 above -' ! , we 0 ! 1 - referenced loan will mature on 4 *$ " % September 8 30, 2017 pursua nt $ to $ $ that %$ certai n Fifth Amendment to " $ % % 7 % * %' $ 6 7$ -" " $ $ Loan Document s $ ' dates ' as E1 5 " % ofNov ember 17, 201 6. > " ? " $' As we previous ly informed is $ not willing $ to further extend the -' 0 ! ' 7 %" you, 7 %$ % N$ $ *% 5 ' < < Rabobank $ advi maturity $ ' dates on the loan. Please sed that has no obligation $ to forbear 5 ' # ' be $ 7 % % from $ $ Rabobank 0 ! ' 7% " " $ % $< $ % '* $ % /5 $ enforcin g $' its % $' rights % " ' and remedies with respect $ to < any ? 7 $ Default or Event 7 of Default. has ? 7 $ Rabobank 7 % 0 ! ' 1 $ $ ' > $$ % not waive d, and ' is $ not waiving any Events of Defaul t. Nothing $ contained in this Letter ' is /5 $' 7 ? 7 $ 5 < $ 5 '$% 7 % % 7 5 % intended or ' shall be construed ' as a wai ver, % ' release, " R $ modification % or forbearance of < any 7 of the $ $ to $ % rights, % " ' remedies, and * %' powers 7 of Rab o bank '$ against , %% % Borrower % or the Collateral, % or a 5 % waiver 7 of < any 0 ! $ $ % % $' Defaults or Events of ? 7 $' Defaul ts, whether specified or $ % ' otherwise. $ % % % '* R herein ? 7 $' % /5 $' 7 Rabobank hereby further notifies < you $ $ that 0 ! Rabobakn ' is % under no $ obligation to 0 ! % < 7 %$ % $ R ' fund any< Loan or $ % ' otherse wi extend % $ credit under the Credit - % " $ Agreement % or % under < any $ % other Loan 7 > % N$ >" % $ % $ > Documents after and, < any loan % or $ % N$ ' other extension 7 of % E credit $ $ that hereafte r " < may be made 5 available " % 7$ % ? " $' 7$ % 0 ! ' to , %% % Borrower B (which ' is not currently $ "* $ contemplated % or % under % $ delibeon) rati shall be in $ ' Rabobank's " %% $ < ol discretion $ until furthe r $ notice, and < any $ additional > Loan % or $ % other N$ ' extension 7 of sole and ' $ absute 7 %$ % ' % $ ' credit by Rabo bank ' shall be " made, if all, on a ' = <= ' case-by-case basis and ' shall % under no ' ' 7 at $ % $ < 0 ! circumstanc es be deemed $ to 5 wai ve % or % cure < any Event of Default. or N$ ' ' extensions " /5 $ 7 ? 7 $ Any 7 %$ % loans ' % % "'$ ' - < further of credit " ' must be in writing and % agreed $ to by Rabobank. % $ 7 % $ < 0 ! 2040334vl /+ + K^ 17173.01 28 I 9 889] EXHIBIT Z /LD+, : 315 8 ) /'Q Riley F $ % Esq. 0 < Walter, 4 *$ " % September I8, 2017 # Page 2 ' not $ 7 % : $ intend N '$ 5 $ % $' The foregoin g is ed $ to be an exhau tsiv e % $ $ recitation 7 of the rights % or % " ' 0 ! % $' % " ' under % the N*% '' < $ Loan reme dies 7 of Rabo bank and 0 ! Rabo bank expr essly % ' %5 ' reserves all rights and remedies > Docume nts . · ? " $' Very $% < yours, %< truly < %' ~C úr( / G /% Eric C. Cole ,-./0 # -12 . 3 /14/1 PC BAKER MANOCK & JENSEN, / ;04 ECC:RSC 1 - -5 ' 0 ! ; -'' $' 27R % cc: Avi s & 77 %< Gaff ery, #@4* VP/Speci al Assets Of ficer 4 % Senior , Rabob a n.k , N.A. 9 889E Y 2040334vl /@ 8 I 17373.0128 316 8 EXHIBIT 317 ' ? F Jose O. Valadao + % $ Operating Une of Credit: 4314048-01 98 9 2* "" SECURITY AGREEMENT B """B" FS] : " " " -0A This agreement is dated as of February I 18, 2011. lt+$ ' 24/ is between JOSE O.? ->-?-2 VALADAO\ Jose D. Veladaoj and MARY J. are " $ V ->-?-2 Af.MJAO ¡Mary J. Valadao"), husband and wife (Jose ?o. Valadao Md Mary herein fndlvldually and collectively, + 5 5" 5 < < J. Valadao ~. Md RAB08ANK, N.A., a national banking essoclatlon \Secured pertt). F ]0-,2,-1.1 - FF(F F . 4 " < " " '" """"" ' 7" "" " " Sealred Paty has extended credit to Granter lD'lder the terms end conditions of the Cren Olereof, % ; as $ Grentor &% $ % = AD/ 2>>-:/0-> -0:+ >/ ARTICLE 1-THE COLLATfRAL imm. &% " % " < '' ' % " " #" ""< "" " " 7" grams 1 " < "; " " F" " " B " " "; " " " "" ("" ""K chattel 1.01 to Secured Party e security Interest ln end e Lien on eD of the 8 KKKK= Grantor hereby essigns and R $ future comilg Q " < % hereafter acquired following property, \.lllf3ttter now o\lnled or by &" % Grantor " $ % and whether now existing %KO or in the " Into $ 'ÇoDaterar): existence (collectivaly, the F " ! products), $% $ 5 7% " (a) ell accounts(ilduding 8CXXXIJ'l!s %reèelvab!e from $ the $ sale K of mftk contract $ $' rights, documents, = $' B "" $; F F $ $" deposit doC\Jments 7 of title, paymant intangibles, lnwstment property, " "K ?/F paper, lnstruinents, * ' $ accounts; " $ $' Md $' (b) M (e) F )] a!I inventory; % C a!I equipment $ *% ' F """" " 1 '$ $ " % ** ' % state; F """"" "" " """""""" "G ' " = ( """""""""" (d) all fann products, lndudlng crops grown, grov.mg or to be gl'O'MI, llvestodc born or unborn, supplies used or B produced ln Grantor's famllng operaron, and products of crops and livestod( ln their unmanu1actured all general in tan glbles, Including all Intellectual Property (d effned herein); $ ; (e) B *% % "G all proceeds of any crop Insurance; price 81.JPPOlt payment or other government program; *% " < *"" " *"" "U "" $ ' + % addltlons to the ""G ecœsslons, $$ " $' attachments end other Collateral; '' ' (0 B+ *" ' " ""; "< 4 " " " ""G" F " """" "" and Insurance contracts œwring the Collateral, end any causes of action relating to the Collateral; and (g) B( " ' % $' and *% R$ K substitutes or replacements for any Collateral, ell proceeds, products, rents profits "< of a,y Collateral, ell ' " ; (h) B $ $; rights under wamm~ (l) books Md records pertaining to any Collateral, lnckJdtng but "$R" $ "< ""=" "" not limited to any computer-readable memory !'1 F "< " "" and any computer hardwara or softwae necessary to process such memory (1:ooks md Rec;o«fs') . " "< " % " "R" "*""""""R"5 B 1.02 : R " &"$ % """ " ' 5 <""$ " RelnatatelTl8fJt. The ob6getions of Grantor under this~ and the security Interest ln, end the Lien on, ""E the Collateral ·s11a11 be eutomaticaJly reinstated tf and to the extent that for any reason eny payment by or on behalf of Grantor in """ """" "" "" 7 "<""<* < "$ < % " % respect Secured othel'wise restored any the Secured """" "' "" " " '"" <"<""""""" " % " """ " """""" " Seo.Jred on demood and expenses reasonable fees counseQ Party 4 ";"" " "" " "" """ """<" any any and ilcurred any " $ "<' " %" R " """ " " " , "" of the Obfigations Is rescinded O( must be by any holder of of Obligatk)ns, 'Mlether as a result of any proceedings ln bankruptcy or ruorganlzation or otherváse . &" % $ 5 " 7< Granter agrees thet it will Indemnify Party for all costs (lllCluding of Incurred by Secured ln connection w,th SUCh resásslon or restoration, lndudlng sudi costs expenses ln defending against 'R " " "" " clalm alleging that such payment constituted a preference, fraudulent transf&r or similar " %"< ""* < payment under any bankruptcy, 5< " r\SOMlí'Cf Of similar law. ^B" $ " F ^] (K "< 8 ; md The -%$ 1 " shall ' apply : ' 1.03 Continuing ObllaatJon. obfigatlon:; *% 5 provided $ ' ln this Article are $ continuing obligations $^ to all Seal red Obllga!ll)ns (B ' as R defined " herein) Ydlenever a1slf .•J. 5 " $ 4 % + N" EXHIBIT AA -- 318 8 I "= Pe rfectl Ofl. 9 1.04 Granter shall promptly from Ume to time N " give, execute, dellver, ffle, record, authorize or ob1aín, 111d hereby &"R *""5 le detail. " "" " "" "% " G rantor shall not fi le or suffer to be filed, or authorize or pe nnìt to be iled or to be on file, ln any ;.iris.diction, &% $ <' $K R K' ";$ % R %* ' % "<*% " (b) B any liwlctng statement or Hke lnstrumen1 ~ respect to aiy of the Colateral ln 'M\lch Sealrad Party is not named as the sole "+&-:+214 OBLIGATIONS -0: $/ :% """ $ " " " " ' <" " and performmœ ln TNs agreement Is to secure, and the Collateral is security for, the prompt and compete payment * < " $ * 7 "" ful I 'Ml9rl due, Vthether at$ sùted rntiu rtty, < by % Q +$ required * * <" $ prepayment. $ declaralx)n, % $ accooratlon, " demald d $ % ' or otherwise P+ {lnciudlng the F " % < payment of amounts "" " that v.()Uid become due but for the operation of the eutomr& stay under Section 362(a) of the Bankruptcy , ! " Coda, 11 4 U.S. c. )8I B8 §362(á) B+ K (md < any ' '' % successor *" ' provision thefeoO} K or the folloMlQ (coaectlvefy , $ the 'Secured Ob!jgaljons/ in$ "< any 7 B" 5 $< %" order K of $< priority $ $ that Secured Party " < may "' ; choose: 4 % # %$< """"""" "%"" "" F =" " (a) all 2 R R ' ObDgalions ' as R defined il the Credit - % " $ Agreemenl i'lclLJdlng $ the 2* % $ Operating > Une $ % of Credit 1 $ Note $ dated ' es K of $ $ B ) ) the , data of D; tlls % " $ 89f88ment. " from &%"$ % Gnwor $ to 4 Secured # $$< Paty + ln $ the % original *% * principal " " amourt of $2,500,000.00 B$ (the G ~1; (b) B (e) B " aß "" ' obfigetlons 7 of Grantor under this % " $G agreement; % ; dFF "" any and aß amounts advMœd by Secured Party in order to the Colataral; "<" "" """ <"""""" 5 ""G pr8SefV8 ""%" " (d) . all obllgetlons of Grantorto > % Lender, " %" N+ v.nether now existing or hereafter Incurred or% '" created, v.tlether voluntary &"$ %$ $ ' B or invol~, v.tlether obUgatoty 5 or = $ " non-obigatory; " " % v.hether due " K or not """ % due, 'Ml81her oosollrte or comngent % %"%% or 'Ml8ther Incurred " " $ " $ % "%< " 5 " %< d.rnctty or acquired by assignment or otherv.ú!e, under the tenns and !X>ndltlons of my other written Instrument or agreement ) K Q % < " $ " " $ " % " "< "+" " " executed by Granor and 'Mlldl spedllcally racftes that those obligations are secured by ttùs agreement; " < "N " * R" <" """ R " " <""$ (e) any of the foregolng that arises after the filing of a petition by or against Grantor under an lnsolYBncy " " """ $ " < &" % "" ' < B Pnx:ooding; and KKK (~ B ln the avant of any proceeding for the colladlon or enforcement of any or the foregoing obligations, after an " 5" "<*" $ %" " % "" " $"7 % R " $" Event of Default shall have oœurred and be continuing and Wlwalved, the expenses of retaking, holding, preparing for sale or /5 K] 8 ; $ " " "" " "*"R 7 % % lease, selling or other,t,ise disposing of or rea1zlng on the Collateral, or of any exercise by the Secured Party of Its rights unda r ' " R "M' E'* 7"" " + % < <"4 # < $' " the Loan Documents. together~ any necessary attorneys' fees end court costs. " >2"? "" "" " <' "" " " " " 5 2 319 8 ( F -0++ >/ ARTICLE 8 3-H &0-1:20 GRANTOR 0/#0/4/1+-:+?14 REPRESENTATIONS 8 3.01 represe tsn and = $' warrants B lo 4 Secured # " Party $ $; that &Grantor % $'K *% %O; ~. the full and " <* 7 "" 7 " " correct legal nEITl8, type of organization, plsdlctlon of organization , and " $ mallrig "" address and " " (!!} B place of busiooss of Graitor as of the date heteof are colÌ'eetly set forth next to Grmlor's signœire to this agreement; * ' " &% $ $ ' 7$ "" < "" F ' $ """" "" &% $" (b) Grantor ' hes K not B+ Ò) ' used "< 111y $% trade " c" " mme, assumed " name % $ % or other ruma except &Graitor's neme st.lied in $ the "$ %' " B first~ of lhla agreement (i) changed Its "location" (as defiled ln Sect1oo 9307 of the D++ % ' R" UCC) OT (iij changed Its jurisdiction of Incorporation or formation; 5 "R" % %"R G R"" " "" " E" "" 4 F " Grantor, each at the 9*œnt his &" "" """"""" " "" (e) resides B address to "*$7 K """" "" """"" or her signature bek,w; % " 7" (d) except for Liens expressly * $ permitted under the terms of the " - " ! Credit Ai,eement &%""% ' "" Graitor has not granted + < PLiY B securtty Interest ln any of the Colateral except to Secured # " Graitor Is the sole record ~ beneficial O'M'181'. of the Col ateral l ln which it purports to grant a serurtty &"$ % '" "" 7 " " ""5" $* %* "" "$ ""< (Q Interest putsuant to Mi!;;!tl; and "' * " " "" B$ (g) this agreement is effecliw to create ln fa'JOr of Secured Piny a legal, valid end enforceable security Interest "" R $ "" " % $< 5 R " " " $< " B ln the F "" *" $ " 7 Colllíeral and proœede thereof. F When = 6 ") "" " 7 a UCC-1 Flnancing Slate1Tl811t Is flied ln the offioe 7" " of the California Secretary of ) 8B) State, this agreement shal I constitute a fully perfected Lien on, and security merest in, the C-Ollateral llld the proceeds thereof, as S&OJrity lor the Secured Obfigatlons, prior and superior ln right to any other Person except Liens for taxas no1 yet due or '' E7 "R < " $ " "R *%""> 8 " lnformatton Accurata Comptete. &"$ "" " 7"<"* " ?% ""7""R" any % %"< F " """" """ "" %" ' " "" < *% " "$"" $"" 3.02 and Granters S\Ílmlssk>n of report. record or other fnformooon pertalnilg to the condition or operatioos, fimdal or otherwise, of Grarrtor or any of the Col!ieral, from lime to tine, G ~r or not required under this agreement , v.tl be deemed . accompanied by a representation by Graitor that the report, % % % record or % " " " ' "$"" information is completa Md acctrate ln lii material respects as to the condition or operaliooa of Grantor (and, If applicable, + "" * $ " " " $' "* ' """ Q * " "' '""" E ** &% "" " R " Grantor's F ' ' Subsldlaries, Affiieœs, * partners , ' 5 " " " %"5 shareholders, members, or other~ Including ~ , ). imitation, an maierial %" contilgent iabUiöes, and does not omit to stata any material fact necessary to make the ilformallon $ $ " $ contained therein not "$M "$ RR ' " ' " $ "" " " <"""" %" R . · m isleadlng " ' "" "" "" -0:+ >/ =&0-1:20 2 /1-1:4 ARTICLE 4 - GRANTOR COVENANTS Until such tine as all Secured Obllgat!ons have been paid in ful in cash and Secured Piny hes r:io obligalion to make $ " 4 % 2 R ' "* $ ""4 #"< '%< * R " $ additional Loans : " "" '; (a) B+ GrPLltor ~ cause en express assignment of n'ilk check! to be fled ~ lhe respective &%" " "" " "" "" a"8amBf}'; {b) Graitor ~ property preserve, + $ "7 %" " G moo,taln and care for the Colla!mal; " $ " " " maintain (oc cause to be maintained ) an &" % *"* <*$" B polk:les of Insurance required for the Conliaral under the Credit Ag1'88m8nt end pay (or cause payment of) âl pramMnS for that * %""$ Q $ " % " - " " * R " "* <" " *""" 5 lnsuranoe on or prior to the date ~ due; defend the Collateral against ~ · adversa claims and demands; *% protect. md ] and keep complete , current, and accurale Books and Records with respect to the Collateral and diligently C ' "' %< N *$7 except Liens expressly * %" pem,ltted " under the tenns of this agreement % or the CffldH - % " $ Agreement B$ (the " " for 'PemVtted L,J¡m¡, Grantor ¥Áll not grant any securtty Interest ln, %> "< " $"R N * "4 < or Lien on, any of the Conateraf except to Secured Paty, and FW % $ % " "R"<""< ' " wll keep the Collateral free of all Liens, clalms, securfty !ntefests and encumbrances of any kiod or nature except the 8eCtJrity ! *" $ % > "R " " " '$' "" %" 7"/ ARTICLE ) 5 =-??+:+21-> • ADDITIONAL 2#D21-> OPTIONAL 0/U +0/1,D4 REQU REMENTS I Secured Party may at Its op1lo n at ir,y time, "d &" $ % " $ whethel' or not G rantor Is ln default 4 # <"< $ * "/ ARTICLE 6 = • / /1:4 E.VENTS 26 Of ?/6- >: DEFAULT -1? AND REMEDIES 0/+/?+/4 6.01 The tollowlng each shaB be an event of defau!I under this agreeme t n (an~ ~ : (a) B (b) B agreement % " $ an /5 $ Event of ? 7 $ Default $ under $ the " Credit < " %]; Agreement; and &" $ % Grantor " " bl'8aches "< any $ %" term, *% 5 ' pro'Vislon , $""< warranty , "*% ' representation , 5 $= " covenant % or " " agreement % under + ' this F F ""$""" ""'; " 6.02 (a) B (b) B Remed QI. l Upon " 7" the OCaJrrenœ of an /5 K Event of ? " Default, 4 % Secured # $$<" <; Party may: * pursue any or all remedies as set forth ln this agreement or the Credit Agreement * %' "< " """ " '" " "" $ "K enforce the ' % < security + $ % '$ Interest 5 given % % herender u or any other Instrument % Of' % " $ agreement * %' $ pursuant $ to the UCC end ' $ "< $ % any ; othaf Applicable >Law; < ; (e) enforce "( Iha "% $< security " $ 'K ilterest K of 4 " Secured # %$< Party in any deposit account of &"$ % G11r1tor " $ maintained $ with < any 4 % Secured $ $ < * ' B Party by applying such account to the Secured Obllga&ns ; (d) require Grantorto obtain Secured Party's prior Mitten consent to any sale, lease, arJreement to seU or lease, d Q &""" "4 " '*5 5 ' """< N ' " """ %" B or other disposfflon of any ColJmeraJ; " $ " * "< G (e) B " " $ ; " < require &% $ % GrM!or to segregate all ' collections end ; proceeds of the $'" CoDeteral so that they % we * capable K of K $ " "; 5 % Identification and deliver ?< daily such R ' collections end " proceeds $ to 4 % Secured # %$< Party + ln ! ; klnd; " "Q " " """ " " " $ , !' " ' " ," "" " """ " " """ (Q require Graltor to assemble the Colateral, indudìng the Books !Yld Records, and make them available to B+ Secured Party at a plaœ deslgnated by SeoJred P8ty; (g) B( enter upon " the *"* <5 $ "< property v.nere any $ %" Collateral, < Including any , ; Books and 0 % ' Records, IW'8 located end take $ % * $ pessesson of such ' , !' % " ' " "< "" " ' Collatera l Mcl such Books and Records , and use such property (lnclucfmg ~ bulldlngs end facilities } md " " "" "" % preserve, process, assemble, prepn for sale 0< leEM, market for. sale or lease, sell or lease, or otherwise remove and/or dispose Of, any Coll etera!; (h) B demald mld collect any payments on and proceeds of the CoBateral ; " " <* <" $' " *%" ' 7 " "; (i) grant ext&nslo ns aid compromise Dl' settle clams "'4th respect to the Col lateral for less th a, faœ value, u¡:oo " " '" " "" """"""" "" (I) sr' R $' rights and l+ $=" '$' ntemsts l+ n < any $ " #% * %$< Intelectua l Property Q now owned % % % or hereafler use %$"'7 % < '" % Dl' transfer any of Grtw1to ' B " ' = " reasonable ; prior ' nollce to Grantor as " < may be " $ required $ under $ the ; UCC; &% $ $ ' acquired by Grantor, If Seœred # $< " ' "' % "" % $ "' " g R Party deems such use 0< transfer necessary or advisable ln order to iake possession of, hold, Q % ""% 4 " preserve, *% " process, assemble , *% * "$ %' " prepare for sale or lease, " %"7 market for sale % ' or tease, % " % " sell or lease, or otti8™58 '* ' 7"< dispose of, arry *% 4 $ %'Y Collateral. Grantor agrees tha1 my such use or transfer shall be v«thout any additional conslderatlo n to Granlòr (as used fn this agreement, "lnlalleguel Property" "meMS al trade seests, "* $ % computer soll'Mwe, , trade ' K % " " , trade names ' 7$ " service marks, tradamm ' " ' sfy!e3, ropyrlglrts, $' patent!, ** $ ' sppllcaUons tor aiy of the "* (orsgog, ln customer llsta, % $ \Wlrldng drawi"lgs, F =" '' lnstnlctlonalmanuals, and ""'% " 7 %"< " ' "*<% , packaging and labellng , ln 'Mlict1 Grantor has any right or interest, 'lltiether by rights in proœsses for technlcal manufacturing R " " O'Mlel'Shlp , llœosa, con tract or otherwise ; ) "" * " % "" G " "" "" "" " < $ % """ %"""""" """" """ &"" < " ** $ " 7" "" """""< M * "" &% $ % "$" "< """ "" F F " """ " "" ' " (k) have a reœlwr appointed by MY court of competent jurtsdctlon to take possession of the CoBatera . B! Grantor hereby consents to the eppo!nbnent of such a receiver and agrees not to oppose any such appointment F " 5" 5 322 8 take SUCh measures as SeoJred Party may deem neœssary or advisable to !alte possesslon of, hold, ! " ' % ' 4 % # <" < " "< ' $ * " 7" (I) B+ preserve, process, assemble, lnstlre, prepare for sale or lease, market for sale'' " % " *" or lease, sen or lease, or otherl'l'lse dispose of, F F" ' " *$ * % $ % "" " any Collateral, and Grmtot hereby Irrevocably constitutes and appoints Secured ~ as Grantor's attorney-in-facto perfonn ~ "< $ % &%"$ % % <"" < ' """ ,4 "% # <" %'F * R acts Md execute all documents ln connactlon ltlerewth; "" " """ " "$ ; · (m) v.tthout notlœ or demand to Grantor, set off and apply against any and all of the~ Obligations any F"" % "" $ '"$ $ " F"""" 7" R ' B" and all cleposlts (general or special, time or demand, pt'CMS)onal or final} and any other Secured Obllgstlons, at arry time held or " * ' '7 '" %'* F " *" <"I" " $"n enforce one or more remeäias hereunder, sucœssiYelyor B concurrently, ar.cl such action shall not operatB to estopor prewnl Secured # <+%" %= " "< %7 % %% " < Party from pursuing any other or further remedy "" <" "" * "" '$ * *"5 " Y.tlich lt may haw hereunder or by law, and any repossession or retaking or sale of the Collaleral pursuant to the terms hereof " K $" < 5 " % 5 < "*F 5% ! %' "" * % $ " " shall not operate to release Grantor lDltil the Secured Obllgations are paid ln fuB ln casti. &"$ %' $ " 4" # < Grmtor shall reimburse Secured P¡rfy ' " "$ % ' """ D 4 2 '"* " " * upon " demand % "'$' for all costs end N* ' ' B expenses (lncludlng % ' reasonable ( ( attorney's fees ) incurred by Secured # " Party + ln $ connection 1$ Ylith any 7 ' ! %% <) " < ' . sale, '* ' "* disposition, rapar, % R " $ replacement. % R ^ $ """ $ "R i"< ëration, addition, lmproYement or retention of My K Collateral % " % hereunder 8 6.03 0¢JcJency. +7 *" 7 $ " " * If the proceeds of, or other reaizatlon upon, "" <" " N ' 7% "" the Collateral by virtue of the exercise of remedies U " " "$ 4 " # %$< "" K+" " 5 "" " " " N % ' "" "" ava!lable to Secured P¡rfy under Section 6.02 n Insufficient to oover the costs and expenses of such exeltise and the payment " 4 " ln tufi of the Secured 2 $ ' Ob igations, l Grantor ' "" shall remain i ""< able for my R <"" N$ $*" deficiency to the extent provided %-** under Applicable > Law. &% < + and FF other " "K B" and be to the and the " "" " " """"""" " " the 8igNiure Secured Place C I ; " " $ " """" "" " /0+ %# ' F '$ -0:+ >/ 7 = • NOTICES 12:+ /4 ARTICLE - All $ ' notices, **% 5 ' eppr<>vaJs , coosents, communications, under this agreement~") " 'K must be 5 given + ln % $ ' B" accordooœ with will subject terms provisions of Credit Agreement. 1 R " '$ " $ 5 " C Notices mus1 be malled or delfverad, if to GrantOf, to address~ to Graitor's below; ~ lo Party, to 45 E. RJver Pert Weat, Suite 507, 4 ) #"$< $ 9) $ Fresno, (8 CA 93720, -$$ $ ; Attentlcn: -( Ag FillWlce Closing ? *"" "G Depatment; and i'I the " K case of any other Person, to the % '' address ' " desiglated $ $ 6 " 6 < %' by thai Person ln a notiœ to Granter !Wld Secured Party. < # %' $ %" 4 " < 8.G1 ARTICLE 8 • +4 />>-1/2 4 MISCELLANEOUS -0:+ >/,= Qtber Acta. /" %' " * " "4"" <7 % 7 * " + * " E ; acts "" Grantor shall œoperate ~ Secured Party for the purpœes of, and perform all which may be neœssa-y or advisable to perfect any Lien pro'l'ided for in this agreement or to carry out the Intent of th is agreement. "< "< $" "* " "<"" % " 'Q""""" " + $ "" " "$ than after Secured wil and F KC $"" $ " %"Q" <4 " # $< &" $ $ " " " < demand, any Sec!xed advisable purposes, and \WI, """ " "" " " *"" Secured Party il the preparation, "" "<" " $' execution and such " <4 " # R< "*% * Promptty (but ln no event lllOl'e ten days) request by Party, Grantor executa, ackno\'r1edge deliver any on pay expenses documen1 \111,k::h ?arty deems neœssay or for these " " * <"< N* ' incurred by filng i of my documents. · I "F "" "%"""""F 5 "" ""$" " " " Instrument made or entered Into ln coonectlon ~ each of the 4 "" " "" Secured Obllgallons (colectlvely, $ the "Secured ObUgatiQO Documents"), c:oOectiYely: (i) represent 1he sum " %" '" "" of the understandings and agreements $" between 4 " Secured #"< """ P¡rfy and Granter F" R < ""'"" " conœming " "" this aedi!; ~ij "* <*% 5 % 5 $ " r\lplaœ any poor oral or written ' " agreements "4 % <" betv.een Secured Party 11T1d &"$ % " " Granter conoeming 1 $ this creört; "" 8.02 Enti" Agreement The Cfedij Agreemen~ the other I.OM Documents, and each other IIIJT88fT'l8flt or and (Bij are Intended by Secured Party and Grantor es the final, comple1e and exclusive stslement of the terms agreed to by " $" <4 " # <" &" % " "* $ """ 5" "" " " < "H them. The Secured Obligation Documems also grant further rights to SeciJt8d Party and contain further arJreernents and aflimatiye and negat!Ye cownants by Grantor whk:h apply to this agreement and to the Collateral. FFF?"""R "%" "4 <" """" "" """ '""%" "" ' """" " I 8 8.03 "" No Waiver or Cure. FF4 = " # %$<" '$ " 5 $ '$ '5 ' Each ~ by Secured Party must be ln 'Miting. and no waiver Is to be construed as " a cootinu!ng waiver. 1 " " 7"" < " < 5" " <4 $<$ "! "" $ < No waiver Is to be 1"1)iled from any delay or fallure by Secured Party to take actlon on accoun1 of any waive the the Secured Party be obtained 5""$ """"""" """ "<"""""""<"" " " Instance. : " ' <4 % # < """ " <" % ' "" $ %4 " " The Party this agreement the Secured Obigatlon 7" N defautt of Grantor . ' <4 " # $<$ "< $ " ' " """"" " ' "$$ "< "" Consent by Secured Piny to my i.:t or omission by Granter rnJ81 not be construoo as a consent to my other or subsequent i.:t or omission or to requirement for consent to ln any future oc other exercise by Secured of any right or remedy l..nder or other Documents or under~ Law, shaB not cure or waive a breach, Event of Default or ootlœ of default under this agreement ? " "" %- > ' $ % %" +b5 ? " %"R N 5 "" or invalìdale any act performad pyrsuant to IWlY such defau~ or notice; or n~llfy the effect of Ill)' notice of default or sale (unless 5 R < * " * """< 7 "$ "% 7< R 7"< R 7 % " all Secured Obligations then due have been paid ln full and performed and ell other defaults ooder the Secured Obügetm Documents, have been cured); or inpar the S80Jrlty of this agreement; or pœjudke Secured Party, or % <" ** " any reoelwr appointed ln ? " " " " G % " %R " < 7 ' " "g 5*"" # %$< D+4 % "" "" * " "* "" " """""'"" " 6 323 8 8 + ] " """ """""" I )= "" "" """ " """ F1F accordanœ v.ith this agreement, ln+ % $ <" $ "" "< " % " $ $ the exercise of any right or remedy afforded my of them under this agreement; or be FFF" % construed as an affirmatlon by Secured Party of any teimcy , lease or option, or a subord nation i of the llen of this agreement. " "" '" 7R " <4 # < " % *R " % " $" "' " "" " "" Q """" %""" / "" ' %" ' 7 require rnarshalllng of asset& or to require upon forecloSl6"e sales of 88881s in a parti:uilY order. Each successor and IIS!lgn of "" " 7" $ "Q *"F 2+ DF/ > WJ!IYer of Ml!JJbaMina, Grantor waives al righ1s, lega and equl!able, lt may now or hereafter have to 8.04 &% O "<" 7 " " " " " $ <" " " "" " Grmtor, including a,y holder of a Lien sùbornlnale to this agreement, by acœptance of Its n1erest or Lien agrees ~l!l it shml be bound by the aboYe WBMlr, as If lt had given the wáYer Itself. C&""" " $"" " "" &%" . 8.05 Jolnt and Several Qbßgatjpna . If Granter consisœ of more than one Person, each Grmtor (a) acknov,iedgesthat this Q agreement Is the Independent and several obl gation i of each Granter end may be enfotœd against each "" '" * "" D % % < % Grentorsepara!Bly,v.t.ether not enforœmen1 of any right or remedy hereunder has been sought against any other Grantor; &" % * < " % %" "7 " " < " '$"< "$ % ?"" " absolute %= " Docume " B " under % '' that " $ RN ; ooy " Seo.ired 4 " Obligeöon aid (b) agrees Its tiabllity h8f8UJlder and t n shal l be , uncondì!ional, " "< other :D-: SEC -1A REQU -1A 0/U +0/ /1: F-+ /4 #-0:A EXHA lrrevocable ng ui aid . &0-1:20 GRANT RO EXPRESSLY VES I ANY REMENT I THAT RED U PARTY ST U ANY contin 4/ 0/? /LD- 4: /L#0/44>A WA $ 2:D/0 GRANTORS -1A -&-+14: #2F/0 :D/ &0-1: 204 UNDER :D+4 -&0// /1: OR 20 ANY 1?/0 ni RIG HT , PO'NER 0 OR 0/ /?A REMED Y -1? AND #02 //? PROCEE D AGA NST I TI-IE OniER IS AGREEMENT, 0+&D: -1A OTHER -1A GU 20 2:D/0 PERSON 1?/0 ANY -&-+14: #/0421 UNDER 2:D/0 4/ 0/? & -0-1:A OniER SECURED 2,>+&-:+21 OBLIGATION DOC M U ENTS , OR AGA NST I ANY ARANTY OF, ?2 /1:4 0 26 OR 2,>+&-:+214 4/ 0+:A :D/ SECURED 4/ 0/? OBLIGATIONS SECUR TY I FOR, AtfY OF TI-IE . 620 -1A 26 °' F " F E &" "$ "*% $""* """" "" 8 &%"$ ' 8.06 Authoritv to Bind Grantor. If Grantor Is comprised of l'Tll.lltiple Persons, any Person oomprislng Grentor Is hereby authorized to bind al parties comprising Grantor. Wrthoul llmbtlon of the foregoing , Secured Party may reqiure any F"" R " W " <"<" "< request, eulhonzation, or other action by or on behalf of Grantor be by one or more lndMduals desig ated n in v«itlng by the $ % $ % $$" R < % 7 % < " ' " " <" Party may, 81 eny time and v.4thout notice, waive any prior parties COl1l)rising Granter (a 'Oesjgnated Person 1, Secured 4 % # <" <""< "" " " " "<*% requirement that requests, authort.mtions, or other actions be taken only by e Deslg elad n Pfflon. " """ "Q " R ' % "$ " $ ! %< < "" +K " < " $ " *"" "" F" "" "R" :" Effect¡ and "" """ "" % " " " """""" "; may any ' F *%" ' $ 4 " 4 %$<" < %" %"<*"" R of ' % " " """ 8.07 ß¡nd ng l Syççftsort Afslgne. This agreement shal Inure to the benefit end shall be binding upon the parties and their respediYe successors and assigns ; provided that Grantor shall not assign Its riglts or transfer all or portion of Its obligations hereunder v.ìthout the prior written consent of Secured Party. Secured Party rights under the Secùred Obllgatlon Documents to any other Perso . n Secured Paty may dlsclose to any acllJal or proposed 4 $ <" < ' ""<" *"* " '" 4 % 2 2 " "< " %# %' tnrlsferee my lnfomiatio n that Grmtor has dellvered to Secured Party ln conenction 'Mth the negotiatio n of this agreeme nt or " $ "< 7" R " '"$ ' "4 " # < " " R $ ' " $ % pursuant to the Secured Obllgatlo n Documents; and Grantor shaD cooperata fuRy 'M1h Secured Party ln provkfög that Information to any actual or proposed transferee. $ < %*"* ' $ "" """" "" " """'" """ """""" """ " " 1+ FFFF F FF a.os Right! and Remed et l CUmuJattye. All rights and remedies under this agreement and the Secured , ood the exercise of any one or more of them does not coostituta an election of remedies. Obllgatlon Documents are curnutatlve 2 "" " ]1 "% ' "< " $" 7""""" " "" "" *" 5"'d " " " " )" " "" " 8.o9 Severab lty.ll My provision of ooy Secured Obligation Document v.ttlch Is prohlblted or unanforœable ln I ( 5 " K n Document or affectilg the velldlty or enforœabBlty of that provision ln .-iy ] " ="" D 4 % 2 $ ? $ % 7 $"" 5 $< % 7 " < " $*" " other jurisdiction; except that If such prov!slon relates to the payment of any monetmy sum, then Secured Party may, at ils $ % G "" "" " ""5 <"" 7"<"" " payable optio n, " K decla'8 all SeC1Jred Obligations lmmedlalDly due and . * < 4 % 2 $ ' * 4 # <" FF8 FF F """" " """ "" """"""" D " 8.10 AmendmentJ ln Wr1tfng. This may not be amended, changed, moórfied, altered or tBmlilated " <"$ " R" " E%R " " %" : ' agreement v.tthout the prior written consent of Secured Party. FB FFM FF F2D F 8.11 Ooyemtng Law. This agreement shall be governed ood lnlelp¡eted by applying the laws of the State of C8lifomla (the "Goyemlng Law State¡ 'Mlhoot regard to its conlicl of laws principles. -: TI-IE -&0//4 THAT :D/ OPTION 2#:+21 OF 6 +00/ 2 -,>A AGREES &0-1: 0 IRREVOCABLY F 8. K 12 JURJSDICTIOH AND VENUE. GRANTOR , AT 26 OR :D/ -0+4+1& OUT 20 RELATING 20 COUNTERClAIMS 2 : OF :2 nilS 2 1:/02>1 4 ARISING 0/>-:+1& TO NGS I OR SECURED PARTY, All #02 //?+1&4 4/ 0/? #-0:A - :E214 PROCEED ->> ACTIONS, F+>> ,/ >"&-:/2 I+1 :D/ SUPERIOR 26 CALIFORNIA. 4 #/0+20 COURT 2 0: OF ->+6201+- AGREEMENT OniER >2-1 LOAN DOCUMENT BE LmGATEO N THE -&0// /1: OR 20 AtfY -1A 2:D/0 ?2 /1: WILL STATES DI?+4:0+ : STR CTI COURT FOR STRICT OF FRESNO 2 1:A COUNTY, ->+6201+- CALIFORNIA, OR 20 THE :D/ UNITED 1+:/? 4:-:/4 2 0: 620 THE :D/ EASTERN /-4:/01 DI?+4:0+ : 26 60/412 2 0:4 -1? VEN 26 THOSE :D24/ COURTS 0+4 :+21 ANO ,F/ :2 SERVICE 4/0 + / CALIFORNIA . GRANTOR +00/ 2 -,>A IRREVOCABLY CONSENTS TO , JURISDICTION , EU OF 214/1:4 &0-1:20 - 62 +- , #02 //?+1&4 PROCEED NGS I AND MS I AND EU TO CHI IT FOR ->> ALL 4 D SUCH - :+214 ACTIONS -1? WAIVES F1 /4 ANY -1A OniER 2:D/0 VEN /1 / FD+ D +: 2 1:/0 >-+ 4 :2 WH -1? COUNTERCLA 620 20 OniERWISE -&-+14: MIGHT ,/ BE ENTITLED RTUE OF DOMICILE , HAB TUAL I RES IENCE D OR . FI6+11 NAL JUDGMENT ST N 0/4+?/1 / 2:D/0F+4/ ,A VI D-,+: -> ?& /1: AGAI +0: / +&D: /1:+:>/? BY 26 ?2 + +>/ 40->> BE ,/ CONCL 21 > 4+ / -A -1 /1620 /? I+1 -1? MA #02 //?+1& ,/ ENFORCED GRANTOR +1 IN ANY CH ACT ONI, SUIT OR NG I SHALL SIVE U AND Y BE N ANY 20 PROCEED 4 D &0-1:20 -1A SU - :+21 4 +: /L/ # 6+/? OniER JURISD CTION I BY TI ON CATE I O~ EXEMPLIF ED I COPY OF CH I SHALL /0:+6+ -:/ :D/ JUDGMENT, 20 2#A 26 WH FD+ D 4D->> BE ,/ 4 1 2:D/0 ?& /1: A- CERTIF ,A SU 0+4?+ :+21 21 THE F " "" Jose O. Valadao Securiy AQrMnent 7 324 8 9 21 > 4+ / CONCL SIVE U EVIDENCE 26 OF :D/ THE ?& /1: JUDGMENT 20 OR +1 IN -1A ANY 2:D/0 OTHER -11/0 MANNER #02 +?/? PROVIDED ,A BY >-F LAW. &0-1:20 GR.ANTOR / +?/1 / +00/ 2 -,>A IRREVOCABl Y F-+ /4 WA VES I TO :D/ THE 6 >>/4: FULLEST /L:/1: EXTENT #/0 +::/? PERMITTED ,A BY >-F LAW B- (A) -1A ANY 2, / :+21 OBJECT ON I WH CH I IT -A MAY D- / HAVE :2 +: FD+ D 12F 20 +1 NOW OR rN :D/ THE 6 : 0/ FUTURE :2 TO TH E /1 / VENUE 26 OF -1A ANY 4 D SUCH - :+21 4 +: ACTION, surr OR ING +1 IN -1A ANY 2 0: COURT 0/6/00/? REFERRED 20 PROCEED #02 //?+1& :D/ :2 D-4 TO +1 IN :D/ THE 6+04: FIRST 4/1:/1 / SENTENCE -,2 / C ABOVE; B8 (8) -1A ANY >-+ CLAIM :D-: THAT -1A ANY 4 D SUCH - :+21 ACTIO , N 4 +: SUIT 20 OR #02 //?+1& PROCEED NG I HAS ,//1 BEEN ,02 &D: BROUGHT +1 IN -1 AN +1 21 /1+/1: INCONVEN ENT I FORUM; B (C) +:4 ITS 0+&D: RIGHT 26 OF 0/ 2 -> REMO V AL 26 OF -1A ANY -::/0 MATIER 2 /1 /? COMMENCED ,A BY -1A ANY 2:D/0 OTHER 620 G #-0:A :2 -1A PARTY +1 IN :D/ THE 2 0:4 COURTS 26 OF :D/ THE 4:-:/ STATE 26 OF ->+6201+- CAL FORNIA I TO ANY 2 0: COR U T OF THE 1+:/? UNITED 4:-:/4 STATES 26 OF - /0+ -; AMERICA; B (O) 26 :D/ -1A ANY + 1+:A IMTY MUN I WH CH I IT 20 OR +:4 ITS -44/:4 ASSETS -A MAY D- / HAVE +1 IN 0/4#/ : RESPECT 26 OF +:4 ITS 2, &-:+214 OBLIGATIONS 1?/0 UNDER :D+4 TH SI -&0// /1: AGREEMENT 20 OR +: FD+ D -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOC MENT U FROM -1A ANY 4 +: SUIT, /L/ :+21 EXEClíllON, -::- D /1: ATIACHMENT (WHETHER ONAL IVI S OR 6+1-> FINAL, 1 IN #02 +4+21-> 602 0 BFD/:D/0 PRO -+? AID 26 OF /L/ :021 EXECUTION, ,/620/ BEFORE ?& /1: JUDGMENT 20 OR 2:D/0F+4/ OTHERWISE) 20 OR 2:D/0 OTHER >/&-> LEGAL #02 /44G PROCESS; -1? AND B/ (E) -1A A~ 0+&D: RIGHT +: IT -A MAY D- / HAVE :2 TO 0/U +0/ REQUIRE :D/ THE 2 +1& MOVIN G #-0:A PARTY +1 IN -1A fi.NV 4 +: SUIT, - :+21 ACTION 20 OR #02 //?+1& PROCEED NG I BROUGHT +1 IN -1A ANY 26 OF :D/ THE 2 0:4 COURTS ,02 &DA 0/6/00/? +1 211/ :+21 F+:D :D+4 REFERRED ro ABOVE -0+4+1& ARIS NGI OUT 26 OF 20 OR IN CONNECTION WITH TH SI -&0// /1: AGREEMENT 20-1A OR ANY 2:D/0 OTHER >2-1 LOAN :2 -,2 / 2 : ?2 /1: :2 DOCUMENT TO #24: POST 4/ 0+:A SECR UITY 620 FOR :D/ THE 24:4 COSTS 26 OF &0-1: GRANTOR TO #24:- POST A ,21? BOND 20 OR :2 TO TAKE LAR I ACTION . 20 :2 - :+21 20 OR :-./ SIM 4+ +>-0 = I 8 "% """ " """ " " " 8.13 Çgunterpm Exeçyt¡on. This agreement may be executed fn counterparts , eath of which will be an $ " " 5" "" " " " R " "" original md all of ""Ich together are deemed one 811d the SB/1!6 inslrument. tsn or take any other actions 8.14 Neccmary Açtfon. 4 Secured Party Is authorized to execute any other docume % # 7< "$ " N $ <" " $' % " " " necessary to effectuate this agreemen t and the consummatio n of the transactions contemplated herein . "< R "", ,"" " " ""R 7 $""" F " 8.1 S Credit Report. Secured Party Is authorized to order a creärt report and verify all other cred~ information , 4 % # """ " """ "$<"" " " " includ ng i past and present loans and stmdard F "" " " "" " " " references from time to time to evaluate the cred!Morthlness of Grantor . F $ $ Without " " """" """" 9 F= ( ) I Imitatio n, a~ of the consent for release of Information, genera l authorization or slnilar document on file 'Mit, Secured Party C%"C "*< " ' " $" 7 7 $ " " " '" % """R " ) " *"< shaD authorize third Perso sn to provide the Ìlformàlon reqeu sted from time to time. ' "" " "* $" " ""$ " 8.16 No Construc;tlon Aga nst i G FFF] # ^KKK 14 D "" $$ prpfter. /Each Pirty has participated fn F " negotiating and drafting this agreement, so if oo imblguity or a question of irtent or lntarpre1atlon arises, this agreement Is to be construed as If the Patles had drafted it ' E "1 $< Q " $ $ % "" " " " " " " " jointly, as opJ>OSed (obeing construed against e Party because it was responsible for drafting one or more provisions of this W "<"' ** ' $ '$% 'Q< ' '"* 1 " " " %""*% R ' 7" agreemenl . % " $ h \ -&0//2E+ : :0+-> ,A 8 #-0: +/I B- WAIVER Of BY (8 JURY. :D/ THE PARTIES (A) 2 /1-1: COVENANT -1? ANO AGREEOT TO />/ : ELECT - A TRIAL BY 8.17 F-+ /0 ?/ TRJAL /K JURY B1 lN -1A- :+21 ANY ACTION 0 OR PROCEED NG I FDR :D/ THE 0/42> :+21 RESOLUTION 26 OF -1A ANY 21:02 /04A CONTROVERSY 0 OR >-+ CLAIM :D-: THAT -0+/4 ARISES 0A 620 #02 //?+1& ? K 20 0/>-:/4 OUT 26 OF OR Ra.ATES :2; TO: (1) :D+4 THIS AGREEMENT; OR B++ on -1 ANY >2-1 LOAN ?2 /1: DOCUMENT, FD/:D/0 WHETHER -0+4+1& ARISING +1 IN CONTRACT, 21:0- : -&0// D :G 20 ,A 4:-: :/ A20: TORT 20 OR BY ST A TUTE B+1? ? ->>A (INDMDUALL Y -1? AND 2>>/ :+ />A COUECTTVEL Y, - A "CONTROVERSY OR Cl.Alr.r): -AND, (8) :2 TO :D/ THE . 1? B8 ->> WAM. . All 0+&D: RJGHT TO - A A0+-> TRIAL ,A 0A BY JURY +1 IN -1A ANY EXTENT PERMITTED ,A BY -## -,>/ APPLICABLE >-F LAW, D/+/,A HEREBY 00/ 2&-,>AF-1/ IRREVOCABLY /L:/1: #/0++::/? #02 +4+214 26 CONTROVERSY OR >-+ CLAIM :2 TO :D/ THE /L:/1: EXTENT 4 D SUCH 0+&D: RIGHT /L+4:4 EXISTS 12F20 NOW OR +1 IN :D/ THE 6 : 0/ FUTURE. :D/ THE PROVISIONS OF 21:02 /04A 0 F+4 SECTION -0/ ARE 4/#-0-:/>A SEPARATELY &+ /1 GIVEN ,A BY /- D EACH #-0:A PARTY .12 1&>A KNO'MNGLY -1? AND 2> 1:-0+>AG VOLUNTARILY; -1? AND -0/ ARE - A ^:0+-> MATERIAL THIS 4/ :+21 INDUCEMENT FOR :D/ THE 4/ 0/? SECURED #-0:A PARTY /1:/0+1& ENTERING INTO :D/ THE 0/? CREDfT -&0// /1: AGREEMENT -1? ANO 2:D/0 OTHER >2-1 LOAN +1? /++/1A 620 ?2 +/1:4 DOCUMENTS. 2 " " 4 "MQ" 8 325 8 ) F Grantor Is sfgnfng thJs agreement effacüve as of the day ood year ñrst 'Mitten above. &" " "" " " R " " <" "R""" ORANTQR ""; - "' Address $ % for notiœs: ]"^ ) ) 515 Sedro Street 4 % ' " Tulare, CA 93274 : " -(8 9 Alternata address for notlœ by U.S. MaD: 1$ " $ "'' % < 4 ; 8 F 89) 3451 1 " NClrlh Blackstone : % Tulare, - CA (8 9 93274 - % '' Ad dress 7 % for $ '; notices: ) ) 515 F Sooro 4 % 'K Street ] " Tulare, - CA (8 E 93274 0 ] -0A - - ' 9 326 8 EXHIBIT 327 6+1-1 +1& UCC FINANCING 4:-:/ /1: STATEMENT FOLLOW +14:0 :+214 INSTRU ONS CTI (front and ! back) -0/6 >> CAREFULLY 62>>2F ' $ E- A. 1- / NAME 8 & #D21/ PHONE 26 OF 21:- : CONTACT AT FILER [optlonal] -: 6+>/0 *$ Y - .12F>/?& /1::2; : >+/1 CT LIE N 42> D214 S0LU 3 TI ON ~ , B. 4/1? SEND ACKNOWLEDGMENT TO: B1 " (Name and - % '' Addres )s ?2 /1: DOCUMENT 1 ,/0; NUMBER : I (89 280934 200 6+>+1& FILING 1 ,/0; NUMBER: = )) 11-7262 06 6005 = 2727 ALLEN PARKWA Y FILING ?-:/; DATE: 8 03/01/ 20 11 1307 : 6+>+1& 8 /T W U -7 R7 A M E) HOUSX TON, TX T/Orn + -&/ IMAGE &/1/0-:/? GENERATED />/ :021+ ->> ELECTRONICALLY 620 FOR L > XML 6+>+1& FILI NG 8 - USA - 6+>+1& :D/ -,2 / THE ABOVE 4#- / SPACE +4 IS 620 FOR CA FILING 266+ / OFFI CE USE 21>A ONLY 4/ ?/,:26+ 4 1. DEBTOR'S /L- : EXACT 6 >> FULL >/&-> LEGAL 1- / NAME· ' %$ insert < onl y one $ % debtor " name B (la % or lb)· do K not % 5 abbreviate % or " combi ne names " ' V + X B- = = = ha. ORGANI ZATION' S NAME ; 20&-1+T-:+214 1- / OR +1?+ +? -> 4 ne. INDIVIDUAL'S >-4: LAST 1- / NAME ~l a1.::d ao -+>+1& 1c. MAI NG LI ADDRESS -??0/44 X 6+04: 1- / FIRST NAME To~.: : $ MI DDLE 1- / NAME +??>/ ?D. % 1\; are l :A#/ ~e. TYPE 26 OF 20&-1+T-:+21 !ORGANI ZATION BE- CA 4:-:/ #24:-> 2?/ STATE ¡;osTAL CODE +:A !CI TY 83)K 1 Blackston , !' 345 l North e -?? > 4// 1d. SEE ADD' L ?/,:20 DEBTOR +162 INFO +14:0 :+214 INSTRUCTIONS 4 66+L SUFFIX COUNTRY 2 1:0 4- :JSA (88 9 93274 X 0+4?+ :+21 ~f. JURI SDI CTION 1g. ORGANIZ ATIONAL ID#, C if < any ( 20&-1+T-:+21-> +?C 26 20&-1+T-:+21 PF ORGANIZAT ON I CNONE 121/ X DEBTOR' S EXACT 6 >> FULL >/&-> LEGAL 1- / NAME· ' %$ insert < onl y one $ % debtor " name B ; 2a % or 2b) • do $ not % 5 $ abbreviate % or " combine " ' names -??"21-> ?/,:20 4 /L- : 2. ADDITIONAL X = = 20&-1+T-:+214 12a. ORGANIZATION S ' 1- / NAME OR DI LAST 1- / NAME l2b. INVIDUAL'S +1?+ +? -> 4 >-4: FIRST NAME +04: 1- / [\ralad.::o / X > -??0/44 2c. 1>+1& MAILI NG ADDRESS CA - : > T ulare 12e . :A#/ TYPE 26 OF -??E> ADD'L ?/,:20 DEBTOR +162 INFO " " INSTRUCTIONS +14:0 :+214 4 66+L !SUFFI X STATE 4:-:/ #24:-> 2?/ ¡;osTAL CODE +:A CITY 3451 North Blacks ont e 89) 1 %"" !' 2d. SEE ' +??>/ 1- / MIDDLE NAME ?D. + WE Mar y !ORGANIZ ATION !COUNTRY 2 1:0 E 88 H = 93274 "" USA ) X X 121. JURI SDI CTION 0+4?+ :+21 2g. ORGANIZ ONAL ATI C-> "C ID#, C if ^ any D &- (E ; 20&-1+T-:+21 PF ORGANI A Z TION XXXXX 6 LNONE 4/ 0/? #-0: 4 PARTY'S 1- / NAME B % (or NAME of :2:-> TOTAL -44+&1// ASSIGNEE 7 of -44+&120 ASSI GNORS/ 4@# Pl • ' insert < only one ' % secured * % " party name B88 (3a % or 8 3b) 1- / 7 20&-1+T-:+214 ßa. ORGANIZATION S ' 1- / NAME CE.E ! N.A. ~a :lob ank 1 OR ++ ?>/ S:IRST NAME +04: 1- / >-4: Ob. +1?+ +? -> 4 INVIDUAL'S DI LAST 1- / NAME MIDDLE 1- / NAME 4 66+L X SUFFI 3. SECURED + X X = -??0/44 X 8 3c. -+>+1& MAILING ADDRESS STATE 4:-:/ ~ITV +: POSTAL 2?/ CODE #24:-> 2 1:0A COUNTRY ) E' #> + F '$ 6; River Park West 4 $ Suite ) 507 45 0 5 % 9) R ! Place - (8 8 Fresno CA 3720 4- JSA X X 9 ' 4. This 6+1-1 +1& FINANCING 4:-:/ /1: STATEMENT 5 %' covers $ the B following $ % ; collateral : B *% $ (a) B; K dli a ""$'7 ceo u ntsû nclud in g $' accounts NE5>=B = 5 % receivable 7% " from S the )8 ' sale "E G of milk produ ct ,s) con r t ca t rightsD , B "" ' documents , B "" "' docume nts dD7 of ) title, paymcr u.iruangi investme tn prope ty r , chattel pap..-: r, instruments, and deposit accourus; " elcs, +* < " < 5" %E B ]; (b) G; all inven or ;y t XX (:'.) - all =;;Q * M equipment; B E/+ 7G X " ! (d) all farm produc st , mcludi ng crops grown, growing Ol' to be grown , livestock l:orn or unb orn, suppl ei s used or produce d in 8 8= 5 '" ! Debtor's farming operati on, and product s "C of % * crops and livestock in R "V; their " " 7 unmanfac uturc d state; "" * "> =" *" %E" C (e):;]) gene ral intangi bles, ng all trade secret s, com puter software , service marks, tradema rks trade , names, tr ade styles, ' includi copyrights, patents, ** app lica ons ti ' 7 forX any of the foregoni g, customer lists, wor king drawin gs, rnstructio nal manuals ,and rig hts in 7 % "" Y processes for techni ca lman uf act urin g, packagin g and ">> labeling, lu s any right or interes ,t whether by ownership, $Debtor c " 7 "% which " '' ' "$! W " in X XXX X XX XX XX X E; X X X % ,-+>//@,-+>2D 4/>>/D@4 /0:M:-& ->: ?/4+&1-:+21; / 214+&1//@ 214+&126 6121X DESI GNATI ON: L LESSEE / LESSO R LGNEE/ GOR N CO SNI CO S I N L BAILEE/ LOR BAI C'S ELL R/B ERYE U C AG. >+/1 LIEN L NON CC U FILING 7>/44//@>/442D 6+>+1& = ] Check to REQUEST SEARCH D/#k0:B) REPORT(S ) C on 2F14 Debtor(s ) 7. 0/U /4: 4/-0 D Co. Thi s 6+1-1 +1& FINANCING 4:-:/ /1: STATEMENT ' is to be R filed C % [for % % Y record] B % (or $ 7 " ' 6E-++ % % recorded) + in $ the 0/-> /4:-:/ REAL ESTATE 0/ 20?4 RECORDS [ADDI TIONAL FEE] -?? :+21-> ? $ %' [optional] AIi Debtors %^ C ? $ % Debtor+ 1 C C ? $ % Debtor 2 6//Y * Y L Attach - " Addendum [if appl icabl e] Y -$$ 7 **]; 8. 2#:+21-> OPTIONAL 6+>/0 FILER 0/6/0/1 / REFERE NCE ?-:- DATA B - CA-0 999) -44627 1 6()7 ) 5. ALT X FILING 266+ / OFFICE 2#A COPY 6+>+1& EX HI T BI BB /LD+++: ,, 328 8 I # Page 2 UCC 6+1-1 +1& FINANCING 4:-:/ /1: STATEMENT -??/1? ADDENDUM FOLLOW +14:0 :+214 INSTRU ONS CTI (front and ! back) -0/6 >> CAREFULLY 62>>2F B7% " 9. 1- / NAME 26 OF 6+04: FIRST ?/,:2D DEBTOR B (ta % 1 or 1b) ON 0/>-:/? RELATED 6+1-1 +1& FINANC ING 4:-:/ /1: STATEMENT +( sa. 20&-1 ORGANI SZATI ON' +T-:+21 4 - NAME / +4 0 OR 9b. +1?+ +? -> 4 >-4: INVIDUAL DI 'S LAST 1- / NAME 6+04: FIRST 1- / NAME +??>/ MIDDLE 1- / NAME, 4 66+L SUFFI X ? D. "'OG= fose Valadao X 10. +4 />>-1/2 4; MISCELLANEO S: U X ?2 /1: DOCUMENT 1 ,/0; NUMBE R: I (89 28093004002 IMAGE &/1/0-:/? GENERATDE />/ :021+ ->> ELECTRONICALLY 620 FOR L > XML 6+>+1& FILING + -&/ :D/ THE -,2 / ABOVE 4#- / SPACE +4 IS 620 - FOR CA FI LING OFFICE 4/ USE 21> ONLY 6+>+1& 266+ / /L- : 6 >> FULL >/&-> LEGAL 1- / NAME· + ' %$ inser t onlv one $ % debtor " name B ; (1 a or 1 bl · do K % 5 $ not abbrevia te or " combi ne names % " ' <" 11. -??+:+21-> ADDITIONAL ?/,:20 4 DEBTOR 'S EXACT = = h ta, 20&-1+T-:+21E4 ORGANIZ SON' ATI NAME 1- / k0 OR INVI DUAL'S DI LAST 1- / NAME rl 1b. +1?+ +? -> 4 >-4: X 11c. -+>+1& MAI NG LI ADDRESS -??0/44 11d. 4// SEE INSTRU CTIONS "" -??E> ?/,:20 JADD'L DEBTOR INFO ' I 6+04+ FIRST 1- / NAME MIDDLE 1- / NAME +??>/ +: !C TY I :-:/ +#24:-> STATE rOSTAL CODE h te . :A#/ TYP E 26 OF !ORGANI ZATION 20&-1+T-:+21 X SUFFIX ' % N h 1 f. 0+4?+ :+21 JURI SDI CTION X]( 11g. 20&-1+T-: 21 ORGANI ZATI ONAL ID#, C CA if any K)F ORGAN ON ZATII 26 20&-1+T-:+21 61 1/ L NONE + X 4@# 4 1- / PARTY'S % or 6-44+&12D !: ASSIGNOR S S/P' NAME - ' % insert < onl y one " name B 8 % (12a or 12b) 4/ 0/? #-0:A 4 h2a . 20&-1+T-:+21 4 ORGANI ZATION S ' NAME 8 1- / C OR ~IRST NAME ""5" ' INDI VIDUAL' S LAST 1- / NAME h2b. 6+04: 1- / >-4: +??>/ 1- / TI ADDI SECU RED 12. :E-??+:+21-> L ONAL 12c. -+>+1& MAILI NG ADDRESS '' "7E STATEME TN covers rtimb r $ to e be cut arr 6+1-1 +1& 4:-:/ /1: 5 %' % " % '= "% $' asextracte d E 5"E col ate ,l ral or E) is " filed as a 67 N % Lf xture i fil ng. i 8 R " 13. : ' This FINANCING 1 4. ? ' % *$ Description K of % real '$ $ ; estate: E+ COUNTRY 2 1:0A X = %%5 ~ TY I X MIDDLE NAME SUFFIX 4 66+L ' % STATE COUNTRY 2 1:0A #24:-> POSTAL CODE X X : - " 1 6. Add it ion al E % collateral descri pti on: ' % *$ G X #%;;* % under wa rra nti es and insuran ce cont racts covering the E" %$ = relati l. 8"V and :my d " "; causes M of action n g ; io B %; che Collera at : l Collatera 1 and % '' address K of 0/ 20? RECORD 2F1/0 OWNE R of 5 = ' % above-d escr dib e 1 " E ) 1 5. Name real '" estate % ? $ % ' does $ not 5 have a % % record $ % '$ interest : ) (if Debtor B K and 17. ! Check .Q!l]y if ** appicalbl e and ! check < QD.)y one box. N $< 7 8 8 r ? $" 5 Debtor ` is 8 a 6C :% '$ Trust %K" orL :5 '$ Trustee $ acting wi th % '* $ respect to property held + in C 4K trust %] arr E *% * % < ? $ ' /'$ $ Deceden st' Estate " ! .Q!l]y if ** applic b a l e and ! check 2..!lli'. one box. ; N c +7 Check 18. :+>+:A L ? $ % Debtor i3 :0-14 +:: 1& a TRANSMITTING UTILITY - 5" C'. 6 Filed in $ connection wi th a % =D " Manufactur m oeH -d e Transact on i - ' 5 effecti ve 30 < %' years 8 :% ' r ; + = 6] = File d + in $ connection wi th a # =6 Publ ic-Finance Trans on acti - 77 5 effective 8 30 years F $ :% ' $ < %' 266+ / 26 FILING OFFICE COPY 6+>+1& 329 8 ( # Page 8 3 ADDENDUM UCC 6+1-1 +1& FINANCING 4:-:/ /1: STATEMEN T -??/1? 62>>2F FOLLOW +14:0 :+214 INSTRU ONS CTI (front and ! back) -0/6 >>A CAREFULLY B % $ 1. 1- / NAME 26 OF 6+04: FIRST DEBTOR B (ta or 1b) 1 ON 0/>-:/? RELATED 6+1-1 +1& FINANCI NG STATEMENT E 2% ?/,:20 4:-:/ /1: ta, 20&-1 ORGAN +T-:+21E4 IZA TIO N'S 1- / NAME OR ] 1b. +1?+ +? -> 4 INVI DUAL' DI S LAST >-4: 1- / NAME X Valad ao +4 />>-1/2 4; 6+04: FIRST 1- / NAME MIDDLE NAME, 4 66+L SUFFI X +??>/ 1- / ? D. B ) Jose ) X 2. MISCELLANEOU : S DOCU MENT NUMBER: I (89 2809340 0002 ?2 /1: 1 ,/0; IMAGE &/1/0-:/? GENERATED />/ :021+ ->>A ELECTRONICALLY 620 L > FOR XML 6+>+1& FILING + -&/ THE -,2 / ABOVE 4#- / SPACE +4 IS 620 - FOR CA 6+>+1& FILING 266+ / OFFI CE USE ONLY :D/ 4/ 21> 8 : ' 3. This 6+1-1 +1& FINANCI NG STATEM TNE cove sr $ the $ following $ % ; collateral: 4:-:/ /1: 5 %' (i) books and records pertaining comput bl aerdaere memory to any Coll, ateral and any compu ert incl udi ng hardware "" E " hui. nor limit de lo any < J M R or softwar e '' %< necessary to *E2+L+ 44 pro cess 4 D such " =;88K memory (":Souks ;lad Recor.d)s" 6+>+1& FILING OFFICE COPY 266+ / 2#A 330 88 UCC 6+1-1 +1& FINANCING 4:-:/ /1: STAT M E ENT - /1? /1: AMENDMNT E FOLLOW +14:0 :+214 INSTRUCTIONS " " (front and !/-0/6 >> back) CAREFULLY 62>>2F NAME 8 & #D21/ PHONE 26 OF 21:- : CONTACT -: AT 6+>/0 FILER [optional] A. 1- / - * " , 4/1? B. SEND - .12F>/?& /1: ACKNOWLEDGMENT :2; TO: B1 " (Name and - % '' Address) : >+/=/1 CT L.IEÍ'J 42> :+214 SOLU TI ONS 2727 - ALLENc1 * PARKWAY F-4.L>-A ]C )) HOUSTON , TX T/0 1 SJ 8 G E ?2 /1: DOCUMENT 1 ,/0; NUMBER: 28094210 002 I (9 6+>+1& FILING 1 ,/0G NUMBER : 1^ ) ;8))( 1-72620659 +4 4U FILING ?-:/; DATE: 8@ @ 03/ 01/2011 13:3 9 6+>+1& E c X + -&/ IMAGE &/1/0-:/? GENERATED />/ :021.T->> ELECTRONICALLY ' FOR XML FILING L > 6+>+1& THE -,2 / ABOVE 4#- / SPACE +' IS 62D - FOR CA 6+>+1& FILING 266+ / OFFICE ' USE 21> ONLY :D/ %"; 1 b.CT hi s 6+1-1 +1& FINANCING 4:-:/ /1: STATEMENT - /1? /1: AMENDMENT is) $ to be iled C $ [for % % Y record] B2+ (or % Y recorded) + in the REAL /4:-:/ ESTATE C $ 0/-> ' RECORDS . X E= > h- USA 4:-:/ /1: + 1a. +1+:+-> INITIAL 6+1-1 +1& FINANCING STATEMENT 6+>/ FILE# Q = 11-7262060065 E9 ) ) XXX - X PE:/0 +1-:+21; 2. f'.'.TE RM INATION: / R5 '' Effectiv ess ne of the 6 Financing Stat emen t idefinti ed above ' is termina tde with 5 ' respect to ' % $< securi ty "% ' B' interest(s) of the 4 % Secured 6 < Party + " 5 N %" 4$ $ " $ authori nqiz this : %"" R Ter nation mi . $ % $ ' $ ' < $ % '* $ 5 3. 6 21:+1 CONTINUATION: Effect veness i of the 6 " Financign Statement identifi ed above with respect 10 secur ty i interest(s) K of $ the 4 % Secured # < Party $ % authzori ing this 4$ " $ $ ' -:+21; / 5 '' ; $ % ' ' Continuati on Statement is conti nued for the additi oanl per odi provi ded by ** $ appli cable law. $ $ *"5 +4 K 4 $ " $ R < C'. " 6 -44E&1 /1: (full *+2 item ?a % or 7b and % '' address of '' assion ee in D " item G 7c; and al so 5 nive " name $ of '' Q % assionor in $ " item (E 9. ' " " +$ " ? K % c%% 4 % 5. - /1? /1: AMENDMENT B#-0:A (PARTY +1620 -:+21 G INFORMA T: ION) This Amendment 77 $' aff ects W De btor QiCSecure d # %$< Party $ of % % record. ! Check onl y one K of " '' these. ) : ' -" " $ < Also ! check B" Qllil of the 7 " following E % three N ' boxes and *% 5 provide **% * $ appropr iat e information in dB "' items 6 @ % and/ or 7. - ' 7 %" $ +C $ +] fJ ?/>/:/ DELETE " ; name: &+ / Give % % record " name to C -?? ADD " name: "* $ Complete +$ " item 8 ?a % or ?b. " $ !? D-1&/ CHANGE " name @ % and/ or % ''; address: # ' Please % $ % refer to the detai ed l #: 4. CASSIGNMENT . 9 or * "= ; partial): Gi ve name 7 of '' assianee in & 5 B % be $ deleted in $ " item 6a % or ; 6b. 9 "7% R ' instrucfi son in % % ' regards $ to changing B the " @ % ''; name/dredass of a * %$< party. RECORD +1620 -:+21; INFORMA T ION: 00/1: 0/ 20? ; 6a. ORGANIZATION S ' 1- / NAME 20&-1+T-:+214 20 OR 6b. +1?+ +? -> 4 INDIVIDUAL S ' >-4: LAST 1- / NAME and ' also $ " item 7c K; + 6. CURRENT X 6+04: 1- / +??>/ MIDDLE 1- / NAME ~I~~T NAME %< +>E OR kC 1?+ +? ->E4 S >-4: LAST 1- / NAME 7b. INDIVIDUAL' 6+04: FIRST 1- / NAME MIDDLE 1- / NAME + +??>/ t e. -+>+1& MAILING -??0/44 ADDRESS :-!45 1 North , !' E " Blackstone -?? > ADD'L DEBTOR INFO 7d. 4// SEE INSTRUCTIONS +14:0 :?14 CITY %%5 E5 ; E' Val adao -??/? 1- / D-1&/? E 7. CHANGED B1/F (NEWl OR ADDED +1620 -:+21; INFORMATION : 4 66 L UFFIX >. 7a. 20&-1+T-:+214 ORGANIZATION S ' NAME ; X Val adao 1 $ ? " "" Mary E % Tulare 4:-:/ STATE 26 7e. :A#/ TYPE OF ; ORGANIZATIO N D&-1+T-: 21 X f. 0+4?+ :+21 JURISDICTION K :- CA 4 66+L SUFFIX * '" 1;~;~t L 8M8M = CODE COUNTRY 2 1:0A +4- US A 6 F 20&-1+T-:+21 ORGANI ZAT ION (E20&-1 T-: 21-> FMCECE c1k1/ 7g. ORGANIZATIONAL ID#, if any L NONE X - /1? /1: B 2>>-:/0-> (COLLATERAL D-1&/ ; CHANGE) : ! check E< only one N box. I 8. AMENDMENT : " ' *$ % ? ' % $ % Descri be collateral L etedl ed or % E La dd, ed % or give " % entire R% " $ Lr esta dte $ % collateral descri ption, or ' % des be cir collatearl La sig s ned . % $ D $ % 2 % '' $ ' +' PARTY of 0/ 20? RECORD - :D20+T+1& AUTHORIZING THIS AMENDME NT (name K of '' " assi gnor. if this is an -'' " Assign ment) . If :D+4 - /1? /1: B " 1- / 4/ 0/? #-0: 9. NAME of SECURE D ( 7 + this is an Ame ndme nt $ ' +4 -" " $ % % ! $ % $ % authoriezd by ? "< Debtor which ' adds $ % collateral or ' adds $ the " " authori ing z Debtor, or CB ' if this ' is a := 5 " Termi onnati auth zed ori by a ? "% Debtor, check % here % l.:a nd $ enter " name K of ? $ % < < DEBTO R " autho zingi r this " " $ amendmen t. ?/,:20 $ ' 13- 20&-1+T-:+214 ORGANIZATION S ' 1- / NAME EBT " ! 1 "({ahobank N.A. - 0 OR ~. +1?+ +? -> 4 INDIVIDUAL' S >-4: LAST 1- / NAME ?-:- 10+?+2#:+21-> . OPTIONAL 6+>/0 FILER 0/6/0/1 / REFERENCE DATA 1- / 6+04: rlR STNAME +??>/ 1- / r'DDL NAME E 4 66+L ISUFFIX X X X =-" < CA044 -52 Cí27 ' 1 B 6+>+1& 2# FILING 266+ / OFFI CE COPY 331 88 ? /1: - /1 UCC 6+1-1 +1& FINANCING 4:-:/ /1: STATEMENT AMENDMENT FO L LOW INSTRUC ONS T I 62>>2F+14:0 :+214 - A . 1- / NAM E I & #D21/ PH ONE 26 OF 21:- : CO NTAC T -: AT 6+>/0 FILER B " (op~onal) Giœl al Melendez & ' ; I =88 =8 I 331-3282 800-A T 6 /0BQ I FILER (optional ) 21:- : -: + B. /= 1> E-MAI L CONTACT C. 4/1? SENO - .12F>/?& /1: ACKNO\fvlEOGM E :2S TO NT: B1 " (Name and % Address) CT U /1 EN 8 $'.)L :E214 UTI ONS : ->>/1 2727 ALLEN #-0.F-A PARKWA Y :L ( D2 4:21 HOUSTON, TX 77019 4- U&\ DOCUMENT 1 ,/0; NUMBER: 99 ))II 441 556800 02 "'" FILING 1 ,/0; NUMBER : 999 8 8 14-74223323 6+>+1& FILING ?-:/; DATE: " 07/30/2014 07: 27 6+>+1& />/ :021+ ->>A 620 IMAGE &/1/0-E+/? GENERATED ELEC TRON CALLY I FOR L > XML 6+>+1& FILING + -&/ :1/ 26D / THE ABOV ESPACE IS 620 FOR - CA 6+>+1& FILING OFFCE I USE 21>A ONLY -,2 / 4#- / +4 4/ " C "' 11 H I )) - 7262060065 "" " " !l!l!l 0/ 20?4 " %= minaled w~h "" respect to " the ""< securily inlerest(s) of 4 % Secured # < Party " aUlhorizing +1- this Tenninat on i Slal!!me nl : " " is ter " =+ ' " identified above )"" PE RMINA T / 5 ' Effecti ION eness v : K of lhe 6 Financing Stalemenl :/0 +1-:+21; 2. CTE X = " of- " '' £ll9 ++; " affed ed '=+ " , (] or *" M partial) : Provide " name -"Q%H of Assignee + in " ~em = 7a or , !œ address 6"5 $ 7b B " " 3. 6-44+& /1: L ASS GNM ' I ENT (full 8 6 K partial + "] ass,¡¡nmenl . " ' complele R " llems 7 + and 9 For B " "" 7C 21:+1 -:+21; " = C " above -4. L ' = K CONTINUAONEffective"""• T: I of the 6 =" Financ ng i Stalernenl idenldied additio nal * peri od *% provi ded by ' = ; appUcable law " < "" Assignoo + of -"" ; Assi gnor in " ~em ( 9 ""= + in item A H 7c and name collateral ln l em 8 also indicate 7 J= conlinue (Form name s in R "H 8 ilem13 + # " UCC3Ad) *provide % "; Debtof 1 + INITIAL 6 FINF- ANCI NG STATEMENT FILE 1 ,/0 NUMBER +1& 4:- / /1: 6+>/ 1s . INFORMA T l ON : " '] Complet e % lor # %$< Party + lnl/:/ ~Eb~;:1 c:i~ & ; ~e: rœna~b " ""N "' % " ¡~~e E name (6a B or 6b) ( ; " H - *"5 $ provide < only QM 6 . CURR E NT RECORD ) f;( -?? ADD % "; name: "* ' Complete " item 6a . ORGAN IZATION"S OR 20 VI DUAL' S 6b. INDI I " " ' <1+" 4 I "'; FIRST 6/0421-> PERSONAL - / NAME SURNAME +1? ? ->E4 4 01- / 2!J!i "" " "C " < " "= &% *" "< 4/ OR -??/? ADDED "" " INFORMATION : "*$ Compleet for Assl gnmenl D-1&/? 7. CHANGED E 2 "E Debto sr' name) " X or Party Information Change . c provide only ADDITlONAL G X ' ' N SUFFDC NAME(S)/IN TIAL(S) I "G " ""= "< X "+ name B = (7a ;; or 7b) B = (use exad, " full name; do noi "C omü, " < modi fy, or abbreviate arty * part of the 7 ; 7a. 20&-1+T-:+ 1E4 ORGANIZATISO N" NAME 1- / : Two 8) sta- ? %< Dal ry SK 7b. 0 OR 2 4 01- / 1?+ +? ->E4 INDIVIDUAL S ' SURNAME INDIVIDUAL 'S 6+04: FIRST PERSONAL 1- / NAME #/0421-> +1?+ +? ->4 INDIVIDUA S L ' -??+:?1-> ADDITI O NAL 1- NAME( S)ßN ITIAL(S) +1?+ ? -> 4 D4 1+:+- 4Y 4 66+L SUFF DC "K Tulare : % MAI LING ADDRESS -??0/44 -+ 1& K; 7c. 3451 1 %$ North , "! B!i:d(st.one 89) r """" +C 2>>-:/0-> CO LLA TE RAL D-1&/; CHANG E:~ checi< 8. I " E Indi cale colla leral: +" " r X % K .. :ADD collatera l 2œ of these loax boxes: " $ % N E %] e ? " " %; 60/4:-:/ =" DELETE I 4:-A/ STAT E I 6?4:-+ POSTAL ?6 CODE X X CA - ICITY coH ateral L STA R E TE covered %=+ collateral #" r7] , % 4USA ASSIGN " "; collaleral -44+&1 X "" "" - = " 9. 1- / NAM E 26 OF 4/ 0/? SECURED #-0:A PARTY 26 OF 0/ 20? RECORD AUTHORI NGZ I :D+4 T HSI - /1? /1:; AM ENDM E NTProvi de : only 2Œ % "; name B ' (9a " or 9b) (name of Assignor , irt shi - :D20+T+1& ( " -' Q" "< 8(G this is + an A mandmenl " authori zed by a ?/,:20 DEB T OR " " ,check her e L * " ; provide a nd " name K of % authoriz in g ? % Debtor If "G +K < -"""" COUNTRY 2 1:0A (8 9 93274 is an Ass,¡¡nment) 1- / a. 20&-1/-:+21 4 ORGANIZA TIO'SN NAME Rabote.11 k N .A . 0 !1- OR 20 b. +1>1 +??->E4 INDIVIDUAL' S SURNAME 4 01- / X I X 6+04: PERSONAL 1- / NAME FIRST 6/0421-> I X -??+:+21-> 1- /B8A+1+:Z->B4 ADDITIONAL NAME(S),IJ NITIAL(S) SUFFIX 4 66+L X 0/6/0/1 / E 6+>/0 10 . 2#:+21-> OP ONAL TI FIL ER RE FER ENC E ?-:-; DATA: XF (I9II=9II))E (8 - 3 CA-0-442984S8-4885519 FILING 26D / OFFICE 2#A COPY 6+>+1& 332 88 - /1? /1: 4:-:/ /1: UCC 6+1-1 +1& FINANCI NG STATE MN ET AMENDME NT 6 "" ' FOLLO W INSTR UC T ION S - A . 1- / NAM E3 & #D21/ PHON E E OF 21:- : CON T AC - ATT 6+>/0 FILE R B (" (optiona ) l & ' Gisel a l ; Melender I =88 =8 I 800-33 1-32 82 B. / -+> E-MAI L 21:- : CON T ACT-: A T 6+>/0 FILER B * ! (optional ) C. 4/1? SEND - .12F>/?& /1: A CKNOW.. E OGME: TO:N TB1 " (Name and - % '' Address ) : CT > LIEN $'.)LUTION S /1 :?214 >/1 #-0.F-A 2727 -> ALLEN P.A.RKWAY "'" DOCUMENT 1 ,/0; NUMBER: ) () 50800 9600 02 D2 4:21 :L HOUSTON , TX 77019 ( 6+>+1& FILING 1 ,/0; NUMBER : ) 9I8 8 8 15-7483 373 1 6+>+1& FILING ?-:/; DATE: (@ 09/02/20 5 1) 11 9 :12 4- USA. + -&/ IMAGE &/1/0-:/2 GE NERATE />/ :021+ ->> ELECTR O CALL O NI Y620 L > FOR XML 6+>+1& FILNG I :D/ +4 266+ / THE -,2 / ABO V 4#- / SPACE E IS 620 FOR - CA 6+>+1& FILNG I OFFICE 4/ USE 21> ONLY " ' =% '" "" " " " " " X " 11 -7262060065 "" "" "" >"E""" "HE +^ "; lb LT. his FINANC NGI STATEMENT- /1? /1: AMENDMEN T is to be filed !for record](or " recorded) in the REAL /4MA-:/ ESTATE ' RECORDS. % % File~ Attach Amendmenl] = Addendum (Form " UCC3Ad) l!!lll *"5 provi de , % Debtofs ""; namo in ilem 8 13 B6 %" . INITIAL %"O; + / 0 la FINANC NG I C& 4:C STA5 TEMENT E 1 NUMBER / / FIL>/ d " _ 4 " ]-'4+&1 /1: ' ASSIGNM ENB" (full T % or partia:l) #" Provide " name " Assignee in ffem 7a or 7b, > !œ $ = address" " ol AHig>ee in " ilem 7c and " name of Assignorin R " ,em 9 3. L "; -FK 6 $ " = complete+E"; For partial assignment, llems 7 and ( 9 ärul + aso + ]; indicate $ affed ed ( "" collateral in " le m 8 X PH :/0 +1-:+ 1; : " ' $=" " " R % CK 2. LTE RMINA T/ 5 % ' Effectiveœss IO : N K of R$ lhe Financing4 " Stalement " Identified above is term ina ed t wffh " respectto K the + "< securtty "" K interest( s) of Secured # % < Party ' authorizing" K lhis Termination Slat!,ment " ; *=D+++ + +$ " o1 +++ "" " "* +G " " " I""K - K 4. PE f9' 21:+1 -:+21; CONT INU AON T:F KKK Effectiveness I of "= the " Financing' ="" Slalemert idenlified above wffh to dB the security C]"E+ interest(•) ol 4 = Secured# < Party authorizing"= this =" " Continualio n Slatemenl is " "= continued for + ; the respect" additionalperiodprovided <"*! ; by appli cable + law " " " r +] #-0F PARTY +1620 -:+21 INFORMA T IO D-1&/ CHANG N E: Check !!!)!lof lhese two boxes: " ER "' " " D>" % " = ßt!Q Check 2!!!!. of these three boxes to: D-1&/ CHANGE " name " ";H ancforadd,.,..,: "" Complete : E" '%=?,?FD64F#= 5 " This Changeaffeds Debtor Q[ L Sewred : Party of record. : item 6a or 6b; " "E% "! ax;t item 7a aid 7b aod Item 7c " 4 G E 6 . 00/1A CURR ENT 0/ 20? RECO RO +1620 -:+21; INFOR MAT ON : I " Complete % for # %%< Party +"N"" Information F Change - *% 5 provide D<" = ; only !2Q!l name " (6aor6 I b) )5. r r """ ' e" & "" " AOD == name : Complete itern % %:, · 7a or7b , ] ; .aa1 ilem 7c " = " " &" ~~~brame e ?/>/:/ ~Eb~c:i:i:i~ + "' ¡~ % = " e ; 6a. ORGANIZA TION'S 1-++/ NAME 0 OR SURNAME " " ' "; VIDUAL' S 6b. INDI F " C I X 1- / 6 '% 0421-> FIRST#/ PERSO A NL NAME *" / $ # 5 < 7. CHANGED 20 OR-??/? ADDED +1620 -:+21E INFORMATION: " Complete for Aelgnmert or Party Information BT%= ; Change-= provide only~ : 1+F&/? < + % Debtosr' " name) 7a. 20&-1/-:?14 ORGAN IZATIOSN' NAME 1- / I " -??+:+21-> ADDITIONAL1- /+4 1 NAME(SYINI AL(S) TI 4 66+L SUFFIX +,F+ %name = B ; (7a $ or :? 7b) B (use exad, + full ""G name; do " noi " > omlí, E PERSONAL 1- / NAME +1?+ +? ->4 +1?F? > 4 INDIVIOUAL:S -??+:?1-> ADDITIONAL 1- D4 1+:+-D4 NAME(S)ßN TIAL(S) I 4 66+L SUFFIX 7c. -+ 1& MAI LING -??0/44 ADORESS , 8. r +: ICITY X " r, I X " " 4 -:/ STATE I "/ X ;= ?/>/:/ +] ASSI +C 2> -:/0-> D-1&/; collateral DELETE " ool ater al %H0/4A-A/ [:RE TASTEcovered "=+ oollmeral C: -44+&1 CO LLA TE RACHANG L E~checl<2œor : heoefoaxboxes t " ' 6-?K : $ " GN $="" collateral " K $ ; = "' + =% Indicale colla eral: t r:1Aoo 2 1:0A COUNTRY 6M26+M-> POSTAL CODE X "' " 1- / M EOF SECURED PARTY 26 OF 0/ 20? RECORD - :D20+T+1& A UT HORI N GZ I THSI - /1? /1:; AM ENO ME N T6"5 Provide : only ¡¡m "" nameB ' (9a or 9b) B " (name Q ot Assignor , if this is an " Assignment) #-0: 26 4/ 0/? *@" %= If +1; this is C-"=" anAmendmert " authorized < by a ?/,:20 DEBT O R, " check here ra provide nd "; name $ of "" authoflzng ? $ % Debtor " " ; " ( 9. NA +K 1- / a. 20&-1+T-A.+1 4 ORGANIZAT SON' I NAME 20 OR Rabotenk N.A. 0 "!1- I b. +1?+ " ->E4 INDIVIDUAL' S 4 01- / SURNAME X ""; 10. 2#:+21-> OPT IO NA 6>/0 FI LLE R 0/6/0/1 / REFE RENC EDATA : -Xi ( 998(X) 9 ) )) CA-0-496044~ 9-50425155 ~ X 6+04: FIRST #/0421-> PERSONAL 1- / NAME I X -??+:+21-> ADDITIONAL """'<"%%" 4 NAME( NrTt SAL(S) Y I SUFFIX 4 66+L X FILING 266+ / OFFICE 2#A COPY 6+>+1& 333 888 EXHIBIT 334 I ---- -------- ----- ·----------------- 0>2 M' X % X / % Edward Valad ,oa Jr. - RLOC's - 8 2013 X & -0-1: GUARANTY X > Star 4 % ? %< Lone Dairy: 89I (= 34827 01- 9 : %" Te m r : 89I (= 9 348279 40 ; Th si " < guaranty ' is dated ' as of < May 16, 2013. is < by /? -0?2 EDUARDO ->-?-2 VALADAO ("BC& % $ %C Guarantor , ) " to and $ in favo r of RABOBANK , : ' 7 0-,2,-1.E 8 lt +' 5 % $ '' $ N.A., a $ national ! bank ngi association B]> ("Lende . )r" 1E- +$ 0 ("B R < % "" $ ' $ /?F-0? % $ % ->-?-2 Lender has extended % or will N$ extend cre dit or $ % other fiR nanc al i accommodations to EDWAR D VALADAO , JR. Edward > % ' N$ 7 E ' '' C , ' ' > Valadao , % C Jr.') and APRIL VALADAO ("April husband and wife, doin g bu siness as Lone 4$ % Star ? %< Da ryi (Ed ward Valada ,o -#0+> ->-?-2 B/ % < W B^- Valadao") C, %] % terms %"' $ ' 7 Jr. and -*% April Valadao % are 5 < individua y ll and $ 5 < col ectively l , "Borrow , ) " re under the and conditions of a Credit eement % $ Agr > - % " $ betwen e Borrower and > % Lender $ dated ' as K of the date of s % $< guaranty B$ $ (that % " $ agreem nt ,e the % "Crteid Agreement . ) " / Each capital ized thi $ $ $ % % , %% % $ ' * $ the - % " 5 $ defined term used in $ ' this ""< guaranty that is defined t di Agre m e ent and not in $ ' this guaranty have the aning R %" ' $ $ ' R in $ Cre % $ $ me " % $< will specied fi in $ the Credit er ement. : ' Th si % $< guaranty will be i $ $*% nterpreted + in % accor nce ad wi th the Draft ngi Conventions . $ ?% 7$ $ 5 $ ' - % " % $ Ag '* R > % ' Guarantor ' has an economi c $ $ '$ interest in , %% % Borow r er % or will otherwi se $ obtnai a " $ % mate al ir fiR nancial R$ 7% " benefit from Lende sr' $ % ' " & % $ % ' $ the N $ % $ Cred extension of % $ credit $ to , %% % Borrower . > % Lender % Q % ' requires that & % $ % Guaraornt execute $ ' this % $< guaranty as a $ condition of t i - % " $ Agreement. N ' To Lender $ to N$ $ extend credit to Borrower, and in ' % $ consiedtaion r thereof, Gu arnator agrees : " $ & % $ % $ , %% % > % % '; : induce %% 5 < 1. Guaranty . & % $ % Guarantor ' $ $ < absolutely , $ < unconditio nally and irrevocably guarant es e to Lender prompt % $ ' $ > % the 7 and " full *% "* & % paymen t when due B $ % (whether $ at '$ stated " $ % $< matur ty i % or earli er, < by rea os n 7 of % $ acce eon ratli or otherwi e),s at all times , and % ' % % % ' $ $ " ' thereafter and % %E * <" K R % " the full and *% "*$ prompt * %7 %" performance when due, 7 $ of the & % $ Guarant ede Obligations (as here n,) i str ictly i n acco ance dr wi th the 2 $ ' % $ '$ < $ B ' defined guaranty , $ the % Credit - % " $ Agreement and the other > Loan ? " $' Docume . nst If at any $ " time , %% % Borrower fails , neg lec,st or es to terms of $ ' this % $< +7 $ < $ %"' 7 $ $ $ % refus % ' ' $ 7 ' $' pay when due $ or * %7 %" perform when due < any of the & % $ Guaranteed 2 $N ' Obliga , stio n the n Gu arantor ' shall * < pay or or cause % perform $ 7 $ & % $ % ' to $ be * %7 % * < performed ' such & % Guaranteed 2 $ ' Obligations ' as % Q % required und er the ms and cond ons it i of . % 7 this $ %"' $ ter $ ' $ ' guaranty the $ Loan > Documents ? " $' * %7 %" % $< and 2. Guaranteed $ ' Obligations . Th e $ %" term C % $ "Guaranteed 2 ' ' Obligations " " '; mean :s : R " (a) all Obligations (as defined the % $ Cred t i Agr eement) , including (i) Lone 4$ % Star Dairy e date d as 7 of the $ $ > - % " $ 2 $ ' B ' 7 in $ ' 1 $ $ ? %< Not B the B $ date Z of $ ' this % $< guaranty , 7% " , %% % from Borrower to Lender in the % originla * * principla " amount 7 of $3, 500 00 000 ,. and as : 5" Note $ $ > % (ii) Term 1 $ dated $ ' )8 ) B the of " the $ date 7 of $ ' this % $< guarnaty, from Borrower $ to > % Lender in the original *% * principa l amount of 000 00,; . K $422 " $ % 89 ; K 7% " , % (b) all other $ ' obl gations i of , %% % Borrower $ to > % Lende,r $ % whether now N '$ existing or herae fter incurred or create , d whether % % 7$ % + %% % ++ $ % 7 $ ; $ B volun ary t or 5 $ %< involuntary , $ % whe erht obligatry o or = $ % % > % $' $ to $ $ " Guaranto r and without affecting & % $ %E' Guaran or'st oblig sontia unde r thi s $< guaanty r : $ ' '$ ' K & % $ % $ $ R R (a) create new & % $ Guarante ed 2 ' Oblig on,siat or al ter the terms of Guaranee td Obl gaition, i nclud ngi ren ewin,g K any % $ % $ "' 2 $ % " < & $ $ B compromising , ext ending % or % $ accelerat ng, i or otherwi se changing $ the $ " time for payment or mance r of, or erasing % or 7 % * <" $ $ % ' K N$ * %7 %" "*% " ' % perfo % inc + % ' K the rat e of $ % '$ inteest r on, the > ' Loans % or an y * %$ port oni ther eof; decreasing " % ; " '' % $ < (b) B take and hold ' % $< security for the * <" $ paymten and * %" performance of the Gua naee rt d Oblisga noti or ranty, & % $ $ ! $ ' gua 2 $ ' % this % $< accept addit onali or ' '$ $ $ subst tuted i secur ty i for eith,er and ' % $ subord , etain excha ng e, enf oce r, waiv , e B ' release, com espro ,m i fail B % $ % N % % 5 E ' % $< "*% " ' 7 + to *$ $ perfetc and ' sell % or $ % ' otherwise '* ' dispose 7 of any such sec uri ty; * %7 $ ' % $ % & % $ 2 $ ' (d) B procee sd of any K < any ) "" and < *% ' apply < any * <" $' paymnt es or recov esi re from , %% % Borowe , r & 5 $ % Guaor tnra or er sourc,e 7% " % % any % % 5 $ ' ** < < oth security, to the & % $ Guaran ee td Obligtaion s in su ch manenr, % % order and prio tyi r as r may ect, wh ether or $ not $ ' those 2 $ ' ' the ' " $ Lende > % *% % $< % $ % ' % $< " < el $ obligations are % guarnte a ed under thi s % $< guaranty or secured $ at the time of appl caion it ; % ' % 7 the % ' % ' $ $ " $ ** $ EXHIBIT CC " %% 335 88) otherwise exe secir any % $ right % or % " < remeyd it " < may 5 have '$ , %% % against Borowr,e Guarantor % or < any $ % othre % $ ; guarnator of $ % ' N % ' & % $ % $ < (e) B the & % $ Guarantee d Obligations % or < any ' % $< security $ % '$ inteer st it " might 5 have, including the right $ to 7 % ' foreclose upon < any ' such ' % $< security < by 2 $ ' $ $ $ % * judicial % or =W nonudicial -j foreclo ure s; $ % ' % G W B7 (D release , %% % Borrower of $' its < liability for $ the > ' Loans % or < any * " port oni thereo;f 7 % ' 7 % $ % G (g) B substitut ,e add % or % ' release < any one % or " % more " ! %' maker ,s guarnators or %' 7'G endorsers ; % $ %' % ' '$ $ $ (h) B % $ exte nd $ othre % $ credit to Borrowe ,r with % or $ $ without $ ! taking K or holding ' % $< security for the % $ credit ' so N$ G extend ; de and N$ $ , %% % (i) '" & % $ ass gn i the Guarante de Obliga on , tsi this % $< guaranty, or $ the $ % other Loan ? "% ' Documents in whole % or " in * part B to the 2 ' "' % > B extent *% 5 provided in $ the % Credit - % " $ Agree t.nm e N$ $ & % 4. Guaranty - ' $ Absolute and $ Unconditional. & % $ % % ' Guanr tor agrees $ $ that ' so long ' as > % Lender ' has < any $ obliga ion t to 9E $ make > ' Loans % or < any & % ' Guarantee d Obli onsga it are * unpaid % or ' $ 'R unsafie,dsti Guarantor ' shall $ not be % ' released < by % or ' because 7 of $ the $ ! taking, % & % $ % 2 $ ' " ! or fai ul re $ $ ! to take, < any $ act oni $ $ that " $ might in any manner % or Z to < any N$ $ extent 5 %< vary $ the % '!' risks 7 of & % $ % Guaranto r % under $ ' this % $< guaranty % or that, K but 7 % for 7 % ; < " % % this ' E section , " $ might ' % dischareg or % ' % otherwise reduce, " lm i it, ; or " 7< modify & % $ 7' Guaranto s r' $ ' obligtaion s under $ ' this % $< guarnaty. & % $ % Guarantor 5 ' waives and $ ' % ' * surrend rse < any ' defese n to any liability % under $ ' this < guarnty a based upon < any ' such $ action, includin g K but not " $ limited to < any actino 7 of $ ' 5% %' < $< % $ ' Lender ' % describ de in 4 Secon ti 3.8 +$ lt ' is $ the N*% '' exper ss $ $ $ intent of & 5 "% Guaar ntor $ $ that & % $ %' Guasranto 'r obligtaion s under this guaranty % are and ' shall be > % $ ' % $< absolute and uncondit l.na io $ ' & % $ %G Guarantor' s Waivers . & % $ % % < Guarnt aro hereby %% 5 < irrevocably 5 ' waives any defenses $ it " < may now 5 have % or % % heer aftre F 5 %; < 7 ' ' 5. ) acquire $ $ that % $ relate in < any < way + to < any 7 of the followin :g $ 7 ; Q % any % $ right $ to "% require > % Lender to proceed '$ against , %% % Borrower % or < any $ % other % $ % guarantor 7 of the Guarante de $ *% & % $ < (a) B % *% Ob igal tion ,s procee d "'$ agaistn or N '$ exhstau any ' % $< security % 5 receievd % " from , %% % Borrow , re & % $ % Guarantor % or < any $ % other % $ % guarantor 7 of the 2 ' < $ % Guanr tee d Obliga sonti or $ % ' otherwise " %' marshal the '' $' assest of , %% % Borrower , & % $ % Guarantor % or < any $ % other $ $ % guarantor 7 of the Guarant ed e $ K & % $ 2 $ ' & % $ Obligation , s or * %' pureus < any $ % other % " < remedy in > %' Lender s ' * % power what oev s er; $' 5 %G % 2 $ ' any 7 ' defese n arising ' as a % ' $ result K of , %% 7' ' Borro s wer' use 7 of the proceeds 7 of < any %% G borrowing ; % ' *% ' < {b) B K % ' ' (e) any ' defse en that results 7% " from the ' absenc , e "* %" $ impa rmenit or '' loss 7 of < any right 7 of % " "' " reimbursm e ent , subrogation , < ' % $ B % '$ contribut on i or $ % other % $ right % or % " < remedy 7 of & % $ % Guarntor again ts , %% % Borrower, < any $ % other % % guarantor 7 of $ the & % $ Guarant ed e Obligation s % or < any $% 2 ' security ; ' % $ Loan ? " Docum t ne or < any % " $ agreemen t % or '$% " $ instrm uent relating there o;t K $ % $ ; < ' (e) any 7 ' defese n based on < any %" claim $ $ that & % 5M' Guaarntor's obligtaions exceed % or % are " % more % ' " burdensom e $ than those of $ ' N $ ' 7 < BB Borr;ow re and * upon < any E law, % rule % or % $ regulonati wh ich *% 5 ' provides $ $ that the $ obligation of a ' % $< surety " '$ must K not be % $ $ greater % or " % moer , %% %; burd so nem e than $ the " 5 obliga iont of the * E * prncipal i ; % ' " $ 7 B7 (D the R$ benefit K of < any '$ $ $ statute K of " $ $ ' lm i itatio sn affecting & % $ %M' Guaranto 'sr lialitybi hereunder ; R $ % %; $ + R$< (g) B( any **% ' " E app seme rai n, t val on,uait y, N$ ' extone,nsi mora um or,it redenotm pi or similar law % or ' " % similar % $' rights 7 % for % " % % " 5 $ sta % "*$ ' " % ' % ++ 2 $ ' 5 B fully , R < finally and + ' < indefeas ibl y paid, < any % $ right $ to % 5 ! revoke + ' this & % $ Loan # %$ $ ' ' to any % failure on the part 7 of Lend er to any > Loan # %$< Party < any information relating to the ss, e $ busin disclose + %" $ % $ $ ' '' < % hereafter or % $ # " now ! ' 5 known $ to > % Lender B& % $ % (Guarantor is waiving < any duty the * part 7 of $ the > % Lender $ to ' ' disclose such information) ; or $ ' %" G % $< on (m) B" % % 5' $ BR conditnio (finan ilca or otherw e) ,is operations , perfonnance , propert es i or *% '* $' prospects 7 of < any other % Loan *"* ' 7 > Party * % $ ' * %" 5 % $ ' $ % Person to execute % or del iver thi s Guaranty or any re % $< guaanty r or agre ment % or the B $ # %' ; N $ % % " $ " & % $< % < oth 7 % the fai urle of < any other $ 7 (n) B $ & % release or redcution of + $ $< liability of < any $ % other gua an or rt or ' % < surety wi th % '* $ respect to Guarnaee td Obligation .s % + $ K % 2 R ' % $ % $ $ ' the i 5 < F 5 % 5 ' 6. Waiver 7 of 0 5 $ Revocation . & $ $ % $ < Guaran ort hereby $ < uncondit onlly a i and rrevocably wa ives < any right to revo ek this $ % 5 ! $ ' guaranty and ack onwldeges that guaranty ' is " continu ngi in % nature and applie s to all Guaranteed Obligations , $ ; whether existing $ $ this % $< + ** ' ! ' & % $ 2 7 ' % $< N '$ 7 futur % > % to N % $ effect $ now % or " in the ,e and ' shall $ continue in until all obligat onsi of Lender credit to have termin ted a and ' , %% % 5 extend $ %" $ $ Borrower all of the & % $ Guanr et de Obligat ons i have been , R < finally and 7 ' < indefeasibly * paid. 2 $ ' 5 fully 7 < 7 Waiver 7 of Subrogation. So long as Lender has < any obligation make Loan s % or < any Guarant ee d F 5 % 4 % $ 4 ' > % ' $ to $ " ! > ' & % $ 7. % Oblig sanoti are * unpa d i % or ' $ 'R unsati , defsi Guarantor waivse to extent permitted < by App ciablel Law any right of ,iont a 2 $ ' & % "% 5 ' -** $ the $ N$ $ * $=" > K subrog ' % $ < % $ % " %' " $ " " R $ reimburse ,nt me indemnific , niot a and $% $ B $% $ contr bution i (contractu , la statutory, % or otherwise) ng, i without limitation , < any cl " aim or $ $ " '$ $ $ %< % $ % ' includ % right K of ' % $ subro ation g under the Bankruptcy Code B: ' (Title 11, $ United States Code) or ors statute , ari sing from K 4$ $ ' $ , !% *$ < % ' ' '' % % any 7% " the $ '$ $ $ < succes + ' % $< N ' -** existen ce K or * %7 %" performance of this guaranty , and & % 5 ' Guarantor waives $ to $ the ex tent * %" $$ permitted < by Appl cabl ie Law right to enforec N$ $ > any $ 7 % < % $ any % " < remedy $ $ that > $ Lender now ' has K or " < may % % hereaer ft 5 have against Borrower , and waiv se any efit of, ht t$ o * %$ * $ participate 5 ' R$ any % $ '$ , 5 < and < rig < ben % % 7$ % in, < any ' < secu tyir now herefter a held by Lende. r or < > % 7 % * %7 %" B. Waiver of Notices . & % $ % 5 ' Guar ntor a waives all *% ' $" $' prees ntmen ts, de mands for performance , notices of 1 $ ' F 5 % " ' $ ' nonperform ce,na protetss, notices of protest, $ ' notices 7 of ' % dishonor, $ ' notices of intent to accelerate , $ ' notices of on, i notices * %" *% $ '$' 7 *% $ '$ 7 $ $ $ % $ $ ' 7 accelerat ' $ ' 7 < of any ' $ % suti or < any $ % other $ acton i again t s , %% % Borrower or any other Person , < any $ % other $ ' notices to any * $$< party l ai ble on any % < '$ $ % # %' $ < > Document ? " $ < Loan the (iB+ ncluding Guar,ntor a) notices K of *$ acceptan ec of this guaranty , $ ' notices of , % $ % creation, or incurri g n of la existence % addition or N '$ & % $ % R ' K $ ' % $< " $ K new % 2 ' Guaran eedt Obga lisiont or < any oth er + $ '' indebted se,ns liab ties iil or E ' obl igati son of , %% " Borrow re to Lender, an d $ ' notices of fact tha t & % $ $ % % 7 > $ " ' $ any $ $ < 7 & % $ % ' mig th % ' increa es Gusanr ot' r risk. % '! " 9. Waivers 7 of 2" % Other Rights Defenses. F 5 %; , $" 0 $G and (a) GUARANTOR HERBY E FUR RETH WAIV SE -1A ANY 0+&D:4 RIGHTS OF SUBROGATION , REIMBURSEMEN T, 6 0:D/0 26 4 ,02&-:+21 F-1/4 & -0-1:20 D/0/,A 0/+ , 04/ /1: B -1? ?/6/14/4 INDEM NIFICA , TIO N AND 21:0+, :+21 CONTRIBU ION T OF -1A ANY 2:D/0 OTHER 0+&D:4 RIGHTS AND DEFENSES THAT ARE OR MAY ,/ 2 / BECOEM 26 :D-: -0/ -1? +1?/ 1+D -A+21E 0 -A AVAILABLE :2 TO & -0-1:20 GUARANTOR ,A BY 0/-421 REASON 26 OF 4/ :+214 SECTIONS I 2787 :2 TO 2855 SECTION 2899 CTION 8988 3433 I(( OR - -+>-,>/ +1 > 4+ /, 4/ :+21 I)), INCLUSIVE 20 SE 4/ :+21 :D/ CALIFORNIA OF AD/ THE ->+6201+- CALIFORNIA CIVIL CODE 20 OR 4/ :+21 SECT ON I 3605 26 OF THE COMMERCIAL CODE. GUARANTOR D-4 HAS + +> - 6201+- 2 /0 +-> 26 2?/ & -0-1:20 8 ) MADE -F-0/ AWAER OF THE #02 +4+214 PROVISIONS OF CALIFORNIA + +> CIVIL CODE SECTION I) 2856, HAS READ AND BEEN -?/ 2?/ 4/ :+21 ,//1 26 :D/ 26 ->+6201+- D-4 0/-? -1? UNDER SAND TS THE #02 +4+214 PROVISIONS 26 OF :D-: THAT 4:-: :/ STATUTE , D-4 HAS BEEN BY ITS COUNSEL AS THE SCOP ,E :D/ ,//1 ADVISED -? +4/? ,A +:4 2 14/> -' TO :2 :D/ 1?/04:-1?4 4 2#/ PURPOSE -1? AND /66/ : EFFECT 26 OF THA T 4:-: :/ STATUTE, AND BASED :D/0/21 THERE,ON OING G -1? ,-4/? AND # 0#24/ -1? WITHOUT :D-: F+:D2 : LIMITING :D/ FORE >+ +:+1& THE 620/&2+1& WA VER I ,S GUARA TOR N AGREES TO SUR P TY EI HS RI GHTS AND DEFNSE ES DESCRIB DE IN CALIFORNIA :2 WAIVE 0+&D:4 -1? ?/6/14/4 -&0//4 "5 ' & -0-1:20 F-+ / ALL ->> 4 0/:A4D+# ? ' " ' +1 ->+6201+- CIVIL 2?/ CODE 4/ :+21 SECT ON I 2856(a) . + +> I) B : The *% 5 ' ' prov sion is of B ' this Section 9(b} % are ** applicabl e +7 if < any & % $ Guaranteed 2 $ Obligati n o is or bec omes ' % secured by l 7 4 $ (B ' % " ' % < rea (b) B proprety; #F#/ A (i) Gu arantor 5 ' wa ves i all rights defenses that Guaranto r may e because the Guarant ee d & % $ % $ $ & % $ % % $' and ' ' ' any 5 7 $ & % $ " < hav < of Obli ga sonti is secred u by % real *"* < property. Th si " ' means, " among oth er R 'G things: (i) > K Lender " < may $ collect from Guaaror nt +' ' % : ' $ % 2?++U,12D4 7% " & % $ % < B without R$'K first forec ing lso on any real or peros nal property collatera l * pledged < by Bo rrow ; re and (ii) Lender 7 % ' ' foreclose s on % * %' 7 % ' $ $ , %% $G *% * %$< $ % < % B+ if > % any % real *"* %$< proprety $ % collateral pledged < by , %% %; Borrow : r e B (1) the ee d Obl gations i may be redcued < only $ the * & % $ " $ of $ Guarant 2 $ ' $ amount % < " < by " the * price for hc $ $ that $ $ collateral is sol d $ at the fore closur e ' $ sale, 5 even if 7 $ the collat l er a i ' s worth n the e P % whi + % ' % ' ' $ % %" more " $ tha $ sal ' < price, and B (2) > % Lender " < may collect Guarantor 5 even 7 if > % Lender, by on the real *% * %$< property collateral , ' has $ from *% 7 % ' 7% " & % $ % $ % $ % < foreclosing des rotyed any % $ right & % $ % Guarantor " < may 5 have $ to collect from , %% % Borrow r.e This is an %% 5 irrevocleba and 5 % unitco onal ndi waiver of : ' ' '$% < B% " < any rights and deefsnes Guaranrot may 5 ' have beca se u any of the Gu arnet ed Obliga on tsi is secur de < by $ real pr operty. 7 & 7 ' ' & % $ % ' ' % 2 $ ' < "' " < < *% * %$< THESE 0+&D:4 RIGHTS AND ?/6/14/4 DEFS EN ES INCLUD ,E BUT -0/ ARE 12: NOT >+ +:/? LIMITED :2 TO, ANY GHTS OR DEFE SES N BASDE :D/4/ , : -1A RI0+&D:4 +1 > ?/ -1? 0 ?/6/14/4 ,-4/? UPON 4/ :+21 SECTION 580a, )I 580b, )I 580d, 20 OR 726 26 OF :D/ THE ->+6201+- CALIFO NIA R CO DE OF CIVIL PR OCEDRE U. 26 + +> 2?/ #21 )I 8 #02 /? 0/ (ii ) Guarantor waives all $ $' rights and defenses ari ng si out of an of % " ' remdeies by Lender, 5 even % ' 5 ' 7 ' ' $ 7 $ 7 & % $ % election B < > %E though $ the election of rem edies , such as non jud - ialci fore ur close with resp ect to security for aranteed ' =W ' $ 7 % ' % % " 'E 7 F $ % '* $ + ' % $< 7 % any & < Gu Obligation, has ' % < desro teyd Gusatonarr' rights 7 of sub on rogati and % E" %' " reimburseme nt agains t the prin pacil und re the & % $ %M' % $' 2 ' ' '$ $ * * $ % Guaran eed t Obl gaion ti by the opoernait of Sect oni 580d of $ the Code 7 of 5E$ Civil #% % Procedure or oth erwise . $ * % $ 7 4 $ )I 7 ; 2 $ & % $ % ' < Edw rda Va adao l . Jr. O sC' - 2013 0>2 ' C / K K - RL Guarnty a & ""< 3 337 88 1 O. Fraudu ent l Transfer > " $ $ Lim tation i . If, in < any $ action to enforce $ ' this % $< guarnty a, any court 7 of "* $ $ competent : '$ % 7 % 6% $ < 7 5 j % ' usd ct on rii determines $ that 7 % " $ enfocement r of il '$ against & % $ % Guarantor for the 7 full amount of $ the & % $ Guara ee tdn Ob igatio l sn is $ not 7 lawful $ %" ' 7 2 $ ' " K ' % under % or would be ' W $ subecj t $ to 5 avo dance i under 4 $ Section )9I 548 7 of $ the , !% *$ < Bankruptcy Code P: $ (Title 11 , $ United 4$ $ ' States Code) % or < any % K ' '' % succes ors statute, % or any comparab e l ' $ state law, $ the $< lity ali bi of & $ " % Guarantor % under $ ' this % $< guaranty ' shall be " $ $ limed ti to " the " N " " maximum '$ $ $ E < "* % amount + lawful and $ not ' W $ subej ct $ to ' such 5 avoidance . " $ +$ $ 11. Secur ty. i To ' % secure $ all 7 of & % $ %E' Guarantor's $ ' oblig ons ati hereu der, n Guarantor % < hereby '' ' ass gns i and % "' grants $ to D : % % & % " 4 % Lender a ' % $< security $ % '$ interest in all " <' moneys, ' % $ ' securiti , se and $ % othre *% * < property 7 of & % % Guarantor now % or % % hereafter in $ the * '' '' possess on i of > % Lender, all * ' $ deposit $' accounts 7 of & % $ % Guarantor " maneintdia with > % Lender, and all *% ' proce ds thereof . * Upon 7 $ default ; or % breach 7 of < any 7 of $ % > % Guaranto 's r ' obl igat ons i to Lend,er Lender " < may ** < apply < any * ' $ deposit account $ to % reduce $ the & % $ Guara teed n Ob igat ons l i. and " < may > % & % 7' 2 $ ' $ > % foreclose on < any $ % collateral ' as *% 5 provided in $ the UCC and in < any ' % $< security agreements between > % Lender and & % $ % Guarantor. % " "' $ 7 % ' % $ % 12. Reinstatement 7 of & % " Guaranty . K If $ ' this % $< guaranty ' is % 5 ! revoekd, returned , % or canceled , and ' ' Q < subsequently < any 0 '$ $ " $ payment % or $% '7 % transfer 7 of < any $ % '$ interest in *% * %$< proprety < by , %% % Borrow er $ to > % Lender ' is % ' resc nded i or " '$ muts be % $ % returnde < by > % Lender $ to , 5 Borrower , % * <" $ this % $< guaranty ' shall be % '$ $ reinstated $ with % '* $ respetc $ to < any ' such * <" $ payment % or $% ' % transfer, % % '' regard essl of < any ' such prior revoca on, i t return, % or $ ' *% % % 5 $ 7 % $ " cancation ell . $ Stay 7 of - % $ Acce eration. l ln the 5 $ event $ $ that % $ acce eration l of the time B % for * <" $ payment K of < any 7 of $ the Gu aranteed " + $ K & % $ 4$ < 13. 8 Obligat ons i is '$ < stayed * upon $ the ' 5 < inso vency l , bankruptcy , % or % % $ reorgan zation i of , %% % Borower r or % ' otherwise , all su ch & % Guaant r ed e ' $ 2 $ ' ' !$ *$ < Obligat onsi guaranteed < by & % " % Guarantor ' shall $ '' none ess helt be * < payab e l < by & % $ % Gua anto r r immde iately 7 if % Q '$ requested < by > % Ledn er. "" $ < 2 $ ' % $ 14. Subordination. - < Any $ ' obligat onsi of , %% % Borrowe r to Guarantor , now % % 7$ % or hereafte r N '$ existing , including K $ but not " $ limted i & % $ % 9 4 W $W 7 to any $ ' obl gatio i sn to & % $ % Guarantor ' as ' % subrogee 7 of > % Lender % or % ' $ resulting 7% " from & % $ %E' Guarantor s ' * %7 %" performance $ under $ ' this % $< guara ty,n are % < hereby $ < $ % 2 $ ' subordinated $ to $ the & % $ Guaratneed Ob igat ons l i. ln $ addition $ to & % " 7' Guaran or's t waiver 7 of < any % $ right 7 of ' % $ subroga on i t as set 7 %$ forth + in this ' 5 % ' % $ + ' ' $ K guaranty with % '* $ respect $ to < any $ ' obligat onsi of , %% % Borrow r e $ to & % $ % Guaranto r ' as ' % subroge e 7 of > % Ledn, er Guaran ort agrees that, if > % Lender ' so & % $ % % ' % $< % " reqests u , & % $ % Guarantor ' shall not " demand , $ ! take, % or % 5 rece vei from , %E Borrower , < by ' $ setoff % or in < any $ ; other " % manner , * <" $ payme t n K of < any $ % other % Q '$' ' 2 $ ' 7 7 & % $ % obligatio sn of , %% % Borrowe r to Guaranort $ $ unt l i the & % $ Gua ante r de Ob igations l has been * paid in full and < any "" " ' commitments 7 of > % Lender % or $ ' 7 $ ' *% 5 5 ities l prov ded i by > % Ledn er $ with % '* $ respect $ to $ the & % $ Guaranteed 2 $ ' Obl gations i have been $ %" $ ternated mi . If < * <" $' any payments % are % 5 received < by faci < Guara tor n in 5 $ 7 violation of ' such waiver or % " $ agreement, such payments ' shall be % 5 received < by & % $ % ' Guarantor as $% '$ trustee 7 % for > % Lender and 5 % % ' * <" $' & % " % shall be * paid over to > % Lender on account K of $ the & % $ Guaranteed 2 $ ' Obl gations i , but without % reducing % or 77 $ affecting in < any " % manner $ the $ $ $ 5 % $ ' liabi ityl of & % $ % Guaar ntor under $ the $ % other *% 5 ' ' provisions 7 of + ' this % $< guaranty . - < Any ' % $< secur ty i % '$ interest, lien, % or " % other " % encumbrance that Guarantor ; 7 $ $ & % $ % $< may now % or % % hereafter 5 have on < any *% * %$< property 7 of , %% % Borrower ' is % < hereyb ' % $ subordinated $ to < any ' % < secur ty i $ % '$ interest , C " lien, % or $ % other " < " % encm u brance + that > % Lender " < may 5 have on < any ' such *% * %$< property. $ +K 15. ) Representations . Guarantor % *% ' ' repre ents s and %% $' warrants $ to > % Lender $ $; that: & % $ % R " " ' (a) B Guarantor s ' %% $ correct $ legal " name ' is ' as shown next $ to & % E' Guarantor's ' $ % signature be ow l; ' N$ & % 7' (b) B 7 % % the % '' address for delvery i of $ ' notices to Guaran ort hereunder ' is ' shown N$ next to Guarantor s ' signature below; ' $ % $ B % 5 %< $ & % $ % $ & % $ %E' (e) ' Guara tor n is 7 of $ the age 7 of " W % $< majority and " < may $ % enter + $ into $% $' contracts which % are % enforcable e under $ the ' laws of the % & % $ % $ B; state K of & % $ %M' Guarantor 's % ' ; res de i nce; '$ $ $ oth $ ' $ % to Guarsantor ' know edge, l this % $< guaranty and the er > Loan ? " $' Docum nt se to & % $ % which Gua nartor is a * %$< party do $ not $ %' ! $ & % $ % ' (d) B **% 5 5' ' $ -** with < any App cable i l Law, and no $ action, cons tne % or approval is % Q % require d < by < any & 5 % " $ Govrenmenta l Author ty i % or < any $ % other conflict $ > - $ % $< Person in conn ction e with the execution , 5 %< delivery and * %7 %" performance < by & % $ % Guarantor 7 of $ ' this % $< guaranty and the % other loan " $' docum nts e # %' $ $ N $ to wh chi it ' is a * %$<; party; + $ (e) this % $< guaranty and the other > Loan ? " $' Docum ent s to & % $ % which Guarantor +4 is a * %$< party % are legal, 5 vaidl and bind ngi $ $ % $ ' B agresem t ne of & % $ % Guarnator , enforceab e l aga nsti Guarantor in % accordan ec with $ % their terms and < any '$% " $ instrument % or % " $ agreement $ '$ % " $' & % $ % 7 %"' 7 % required % % hereunder % or $ % % theruende , r when N $ executed and $ 5 % delivered, ' shall be ' " < simi arlyl leg , al 5 valid, binding and 7 % $ G enforceble a; 5 Q % " $ % (0 the 6 Financial Information ' is "* $ compl ete and % $ %% $ accur,aet correct and ' 7R $ < sufficiently "* $ compl ete in all materia l % '* $' respcets B+ " " %' % as $ to the financia l condition 7 of & % $ % Guarantor B (and, ** if applica , ebl any * %' partne,sr ' % %' shareholders , memb rse, or $ % other *% * ' princip s l a 7 of $ R ' < $ Guara ,r)ton inclugdin any " E material contingetn $ ' lies, abil it i and ' since the date ' such 6 Financ al i Informion at was *% 5 provided $ to > % Lender, $ + %" $ ' & % $ $ < $ R K there ' has been no " 5 mat aleir 5 %' adverse change + in the acnial condit on i of & % $ % Guarantor B (and, 7 if ** applicabl , e ' such $ % other # $' ' G Persons) ; fin $ % K all information submitted to > % Lende r < by % or on 7 beha f l 7 of & % $ % Guarantor in $ conncetion with B ' this % $< guaranty and the B B( + $ ' " $$ (h) '* $ $ % '$ theer ' is no ' $ lawsuit, $ N tax " clai m % or $ % other disput e * pending % or thr eatened aga nst i Guaran ; ro t $ % & % $ %G (g) other > Loan ? " $' Docum nt se is %5 $ corre, ct "* $ c comp ete, l and $ not " ' miead slngi in < any " $ $ matel ari % '* $; respect; % ;) Edward Q Valadao, Jr . - 0>2 E' RLOC's -- KKK 201 3 / % > Gua narty & ""< 4 338 88I " % rul % $% $ % " ' W $ K < % 7 an % or % (i) Guara tor n is $ not the subject of any judgment, , inju oncn, it decree, e of y court , arb rat tor i or ot N her " $ & % $< ' < " writ < B Govern talnem Auth ority ; & 5 % " $ - $ % $<; % arra % " $ " defa 7 % & % $" "" " $ U) this aranty does not conflic t wi th, nor i ' s Guaran tro in ult un de,r any eement or gement n in $ ' $ B ' gu % $< $ % < agr % an K wh + an $ % $ '' % $ or % other $ % in respect % '* $ of & % $ % 7 % % $ extensions ' in N$ ' ' K % $ to effect *% prov ding i for or relating of credit indebtedness or y nature chi Gu aar ntro is y " < < " % % $ < manner directly % or $ < contingently E ; obligated; taxes local 5 R and * 5 Q hav $ N ' $ be (k) Guarantor ' has filed all tax returns (fede al,r state, and ) require d to e pa di all , R C + & " % N % "' B7 % '$ $ filed B! due " $ % * $ 'G assessments , and governmen l ta charges and l 5 ' ees vi thereon to , incl uding i % '$ nterest an d penal es ti; 5 % " $ % ' '' ''" 'E $ be + App $ $ 5 "* ' an ** $ -** (I) Gu aran ort has not vedi any cei of vi5 $ olation of y app cab eli l l ' aws, is ' in comp ance li wi th all cab i el l & % % $ rece < not < B+ % 5 '$ ' % threa * % % *% ' & % $ % $ '$ "' $ ' % '* $ Laws, and $ % there are no claims, actions, pr oceedings or investigat osn i pendi ng or ed ent agai stn Guara tor n wit h res pect to$ > ' -**R > 'G any violations 7 of Applicable Laws; and < 5 $ ' Event ? 7 $ i+' % with 7 time K Defau /5 $ of *' of $ " or K no event 5 K which $ $ % lapse both Guarantor knows of s, or notice or t. l & % $ % ! ' $ would be, an (m) B" & -0-1:20E4 26 AN 0/ 20? 4 , +44+21 -1A 20 OTHER 2:D/0 IN +1620 -:+21 16 . SU SS BM ION I .S GUARA S TOR N' SUBM ONSSI I OF Y REPORT , REC ODR OR FORMAT O,N I 0/#20: 4 , +44+214 >2-1 DOCUM ,/ DEEMED 1?/0 THE :D/ LOAN 20 NOT 12: 0/U +0/? F+>> BE ?// /? TO :2 BE ,/ FROM TIME REQU RED I UNDER , TSNE WILL ?2 /1:4 FD/:D/0 OR :2 TIME :+ /, WHETHER 602 :+ / TO :D-: 20 ACCOMPAN ED I BY A BY GUARANTOR AT SU CH REPORT F-00-1:A ,A & -0-1:20 TH 0/#20:, RECORD , - REPRESENTATION -1? WARRANTY 4 D 0/ 20? OR 0/#0/4/1: +21 AND - 2 #-1+/? -:/0+-> 4 D SU -4 OF 26 THE ?-:/ OF -1? ACC 0/4#/ :4 :D/ DATE - 0-:/ 26 SUCH 4 , +44+21 INFORMAT ON I IS COMPLETE R UATE I+1 N ALL IAL RESPECT , S AS ON SS BMI 2 #>/:/ AND ->> MATER +4 1620 -:+21 :2 MAKE -./ THE -1A MATERIA :D/ I+1620 -:+21 -:/0+-> 6- : 4:-:/ 21:-+1/? AND DOES NOT OM T I :2 TO ST ATE ANY L FACT 1/ /44-0A NECESSARY TO NFORM ATION CO NTAIN ED -1? ?2/4 12: 2 +: 12: +4>/-?+1& THEREIN NOT MISLEADING . :D/0/+1 $ make $ ' < > ' " ! Lo % an 5 " & % $ Ob 17. Guaratnor Covena ts.n So ong as any obli gation to asn or y Guaranteed gations li > % has 2 $ ' & % $ % 4 l ' Lender < 7 % ' % $ " $' doc & % $ % are unpaid % or ' $ 'R unsasfie ti , d Guarantor ' shall furnis h to um tsne rel ating to Gu ara tonr as red ui in gin ' req the > % all 5 Q % 0 * %$ % * $ Lender $ Report & % $ % $ < 5 $' % '$% $ ' % + $ Requireme ts n section Credit - % " $ Agreement and ll com lpy with any cove ntasn an d/or restr ctions i that ate to $ % $ & $ % ' ' $ of 7 the $ $ rel 0 Q % " $' sha @ K $ Guarantor "* < + $ respec App -** % '* ' > ' and & % $ % ' addition, Guarantor shall: (a) ly in+ all s t wi th all cable li Laws under $ % $ the Credit Agreement. F $ pay % - % " $ ln "* < $ * < before B comp % its +"* ' * & % " % % ' imposed $ Gua +$' property " $ del inquen , yc , '' ''" $' assessme , snt and 5 "" " governmental charges upon the narot r or ; {b) tnain an d taxes *% * %$ % or $ G $ " Guaranto 's r *% * %$ ' properties in good working on; diti and (c) any reas on ble a time m tiB$% me to e, perm t i Lender < of B at its agents % or representatives esi of tsc from sd and sit the 8 $' $ examine N " and make " ! cop * ' 7 and abstra '$% $' 7% " the ' books !' of, vi5 ' $ $ % *% ' $ $ 5 ' to $ recor 7 and & % "% 7 ' & % $ % $ disc ' '' $ affairs acco $' $ $ % than $ a natu properties of, & % $ % Guaran ort an d to ss u the , finan es c, and unts of 7 Gu arantor wi th (iB $ f Gu arantor i ) s other ral 77 %' *% * ' $ & % $ % ' ' app person) 7R %' officers, % $ %' direc ,srot parters n, or " %' manage s r or Guara tor n, as ca li ble ; Gu aar ntor's indepen ent d acco un ts;tan an d any % ** G * " % & % $ % $ $'G * %$ %' * $' < & % $ % other # %' Person dea ng li with or. Guarant C 7? 7 $ 7 " Eve nts of ul t. The any of ng i sh all const tute i an nt of Defa ' tul under : occurrence the follow 'Eve of ' 'R ? $E ' % this 7 < /5 $' 7 Defa 5"$ I 18. guaraty n: % $<; (a) B % Agreement) an Event 7 of Default defined i+ n the ; /5 $ ? 7 $ (as $ Credit - % " $ G B ' R (b) B $ & % $ Gu arantor fails to * %7 %" perform any Gua anteed r Obligations ; 2 'G 7 the & % $ % 7 ' $ < of $ 5 ! thi "* ' + ' guaranty Guarator n revokes thi$ ' s guaranty (or attempt s $ to revoke s guaranty) ve i 5 " ' ineffect $ ' % this & 5 $ ; % 5 ! ' % $< B % ""< becomes ""< or (c) B ; < for any % ' ; reas ; no % undert $ which +' a party ! (d) a $ default under agreement or king a to Guarantor is n the Docmen u,s t $ % tha $ Loan $ % any & % % > ? " $' * %$< other < % " B % or wh chi i ' s $ not % cured with any app icab el l cure ace perio , d i 7 f any ; ** % gr % * % $ < <; (e) B $ Guaranto - 5 %' /77 $ & % "; a K Materi l a Adv erse Effe ct ' as to ; r B7 m the usion st ol of ort % or dea ht of ; and 7 Guarantor & % $ %; $ $ di '' $ 7 Guaran & % $ % (g) B ' ' Lende > % causes the occ urrence ; or %% nonoce rrccneu of y event r to f l insecure . $ an % events 5 $' which +$' 7 + ' % 5 $ or %% $ deem " itse $ < > % $ % " ' 19. Remedies . Upon Event + of De t,falu Le ndre shall e all remedi se of ditor and extent ? $ $ ' hav /5 " 5 of 7 the 0 " W ' * an $ 5 ( Z a cre $ the $ N$ , to applicab le, 7 of a ' % secured * < party, % under all e l La w. Wi hout t l " $ $ m i tat ioni , to aw, Lender , at it ' s $ the N$ $ permitted $ extent -** > F * %" by **$ Applicab > % may " < < l 2 $ ' option and $ $ witho t u noti ce or and: (a) er an y Gu aee ra tnd Ob gat i ons li due e l at ; an d {b) and payab % *$ % dem " & % $ $ ; $ once ! possession * '' '' * < < B decla B take sell of < any $ % collateral pledged by , %% % Borrower % or & % $ % Guaran or,t wherever ocated, and , rese , ll assign, , and vi ler all % 5 % l $ % ' ' or 5 % 7 * < $% '7 % de % any * '' transfer < part 7 % the i $' of K any % all of the at any c i % or pri vate sale or othe serwi di '* ' spose of ts then for cash ' % $ % ' * + $ % in *% 5 $ ! % $ $ collateral $ collateral $ condition % on $ , 7 % ' or < or < publ credit % or for n con ection n therewi h t Lend re may mpose rea os nable con dions ti upon ; and % ' > % $ % $ 7 $ % delivery $ ' 7 future i R % $ ' sale ' $ ' ; 5 %<, and * any set " < i "* ' < such 7K % any K its % affi $ ' > % or off '$ against any liabities il of Guarantor all mon ey owed iates l i n an y capacity % all 7 & % $ % by $' agents 7R $ ' $' or " < < of < or < * $< to $ < Lender K due 77 aga C other $ % li $ ' Guarantor , wh eth re or not , and so set off nst i all abilities of Lender all $ % & % $ % al ' ' $ '$ & $ % to 7 Guarantor $ > % C money by " % > % in " < owed < Lender Edwa d r Valada o, Jr. - 0>2 E' RLOC's - 201 3 8 /FE+ D+,&D2 + - Guartyna & ""< 5 339 88( 7 any * $< capac ty i to & $ %E Guarantor . Lender, '' unless *% prohibited < by law the provi ions s of which $ cannot be 5 waive,d may *" ' purchas e all any $ *% ' ' % < or > % $ " < < 7 % " * %$ % $' part $ of the $ % collateral to be ' sold, C free from and ' % discharg de of all % '$' trusts, ' cla ms i, rights of % "* redemption and Q $ ' equities B++ of , %% 5 Borrow re or $ % Guarantor ' 5 %E what oe resv. If N % ' exercis de by > % Lender, > % Lender ' shall be " deem de to 5 have N % ' exercised $' its % $ right 7 of ' setott and $ to 5 have " made a & % $ % +7 $ < charge '$ aga nsti any ' such " < money "" $ < immediately * upon $ the %% occurren ce K of ' such K default $ although " made % or $ % entered on $ the !' books % < subsequent theerto. Notwithstanding $ 7 % the foregoing *% 5 ' provision 7 of $ ' this * % % * parargaph , in $ the 5 K event of an Z actual or " deemed $%< entry 7 of an ' ' Q $ 7 % 1 $ '$ $ % order 7 % for " 7 relief $ with % '* $ respect $ to & % $ % Guarantor % under $ the , !% *$ < Banrupt k yc Code B: $ (Title 11 , United Staes t Cod)e % or < any ' '' % successor statute, the $ 4$ $ ' % % ' $ Guarante ed Obli ons agi t shall $ " $ < automa ically t become due and * < payable . & % $ 2 $ ' ' " 20. %" $ lnfonnation 0 % Regarding , %% % Borrower and the % Collateral. , 7 % Before ' signing $ ' this % $< guaanr ty, Guarantor invesga ed tit & % $ % 5 '$ $ the financ al i $ conition d and ' '' business * % $ ' operations 7 of , %% % Borrower , the prees nt and 7 %" % former $ condi ion t, uses and %' * ownehip sr of $ the R % $ *% ' $ ' ' & % $ % " collate,alr and such $ % " $$ %' other matters ' as Guarantor deemed **$ *% appropriat e $ to '' % assure $' $ itself 7 of , 5E' Borrow sr'e ab lity i to ' % disar chge its ' $ % $' $ $< 7 % '* ' < obligation s % under $ the > Loan ? " $' Documnets . Guarantor '' " ' assumes full responsibility 7 % for $ $ that due diligecne, well ' as 7 % for ! * kee ngip & % $ % ' as $ ' infonm ed 7 of all " %' mattesr whi ch " < may 77 $ attect , %% %E' Borrow r's e ability $ to * < pay and * % perform $' its $ ' obligation s $ to > %E Lend . re > % Lendre has no < duty $ to + 7 %" $< ' ' ' $ R disclose $ to & $ $ % Guarntor a any 7 %" $ informat on i which > % Lender " < may 5 have % or % 5 rece vei about , %% % ' Borrow s ' re financial coitond ni or business % ' '' < operations , $ the $ condition % or ' ' uses 7 of $ the $ % collateral , or < any $ % other % "'$ ' circumstance s % bearing on , %% %E' Borrow s er ' abil tyi to * %7 perfm or. % * % $ ' $< $ * % Lendre ) is % Q % required to pay, % " return $ or % '$ % restore $ to , %% % Borowre or < any $ % othre pers on * %' any " $' amounts *% 5 ' < previously * paid on $ the > ' Loan because 7 of < any + ' 5 < Insolvency #% Proce ding e of , %% % Borower r , < any '$ * stop $ not cei % or < any $ % other 7 < ' & % $ % % ' 7 reason, $ the $ ' obliganotis of Guar ntor a shall be % ' reinstated and % 5 5 revived and $ the % $' rights of > % Lender ' shall +E++++M+ , conu ntie with regard $ to ' such % % amount ,s all ' as though they had 5 % never been * paid. " $' $ $ < /N* ' ' > % 22. Expen . sse Lender " < may, $ at $' its *$ option, * < pay < any $ N tax, '' ''" $ assessment , % or $ % other 5 "" K governm nteal levy, < any ' % insurance 5< $ premium % or < any $ % other N* ' expense % or % charge % Q % required to be * paid % or ' caused $ to be * paid < by & % $ $ Guarantor % under $ the $ %"' terms 7 of < any $ % Collateral *% " " C& % % Documen , t if < any, to which & % $ % Guarantor ' is a * %$< party B (and $ not timely paid < by & % % Guarantor) B$ ' (those $ % Collateral ? " $' Docum ,nset "Guarantor ? " $ " < * - 5 " 'E $ % Collatealr ? " $'C Docum nts e" and all ' * <" $' such payments , C "Lender . ) " Guarantor ' shall * < pay on de mand B (a) > % Lender % Advancements & " % " $ Advancements ; B (b) all '$' costs and N* ' ' expenses %% incurred < by > % Lender in connection $ with the prepar tion a, execution , 5 % Loan ? " $ Docum nte $ to which & % $ % Guar nto ar is " '$% R $ > +' $ $ *% * % $ a * %$< party B (including > Legal 6 ' Fees %% incurred in $ connection with the preparation 7 of $ the > Loan ? " $' Document s and 5 ' advising > % Lender ' as to ' its rights) (c) the cost 7 of < any % $ credit verification reports and field examinations 7 of & % $ %' !' Guarantor's books and % % ' recor , sd '* $ ' inspeons cti of $ the R N " $ ' $ '$ 5 % R $ % * ' $ % $' B $ % K Coll er atal graned t < by & % $ % Guarantor % under < any & % $ % Guarnator Collateral ? " $' Docum nt s,e if % Lend , re ' %5 <' surveys and 5 % " $ environm l nt ae site ? " ' K % $ ' asse ments ss of < any % real *% * < property + includde in $ the $ % E collateral , and titl e ' % insurance % Q % required by Lender, and **% ' ' apspraisa l and ! ' '' ''" 4 % < > % reap ssalpr ia of $ the $ % Coate lllar granted < by & % $ % Guaranto r % Q % required < by > %G Lende ; r B (d) all '$' costs and N* ' ' expenes s incurred < by > % Lender in % $ 5 **% ' ' connection with enforce ment 7 of $ the > Loan ? " $' Documents $ to wh chi & % $ % Guaranto r +' is a * %$< party % or requi red und er < any > Loan ? E Docum nte to $ $ $ % " % Q % % $ dE which & % $ % Guaranto r ' is a * %$< party, % or < any " " " amendment, " R modication fi , or ' ** " $ suppl ment e thereto, $ % whether < by $ $ negoti tion a, egal *% ' proceed , s g in % $ % $ l ?+E or $ % ' othrewise, including in $ $ N$ the context $ of < any + ' 5 < #% ; Insolvcney Proceeding ; (e) all ' "' sums 5 advanced % or '* $ spent < by > % Lender 7 % for " the B % *% ' %5 $ " $ % $ % maint ce nane or preservation 7 of $ the $ % Collateral % granted < by & % $ % Guar ntor a under < any & % $ % Guarntor a Collat alre Docum nt,e if < any; and B+ (D all ? " $ other N* $ % ' expenur dites that > % Lender " < may " ! make % under $ *% 5 ' ' the provisi nos of $ the > Loan ? " $' Document s % or 7 % for $ the 7 $ benefit 7 of & % Guarantor, includ gn i " % $ $ K Legal Fees. > 6 'E - $ $ ' K 23. Additional and + Independen t 2 $ ' Obligations . & % "%E' Guar ntor a 's obligat onsi under this guaran y t % are + in addiiton to its 8 ' % $< $ $' $ ' obliga sonti under < any " % other N '$ % existing or 7 $ % future % $ ' guarn,aseti each 7 of which ' shall remain in 7 full 7 % force and $ ettect " until K it ' is N*% '' < express ly % % " + " 7 % modified % or % $ ' releasde in a $ writing ' signed < by > % Lender . Guarantor's " ' oblig tion as under + ' this % $< guanr ty are * $ indepe ntned of $ ' those 7 of $ the & % $ %; % 7 , %% > % Borrower . > % Lender " < may % bring a ' * % $ separate $ action, % or "" comm nc ee a ' * % $ % 7 % separtae reference or % % arb tration i proceed gin '$ agatsin & % $ % Guaran tro *% $ $ B K wi thout '$ first *% procee dgin '$ aga nst i the , $% % Borrower, < any $ % other # %' Pesor n % or < any ' % $< secirty u that > % Lender " < may hold, and $ $ witohut * %' purus ing < any % : remedy. Th e % $' rights of > % Lender % under $ ' this % $< guaranty ' shall $ not N '$ be exhausted by < any $ actoni by > % Lendre unlti the & % $ Guarnet ed other $ " < < < 2 $ ' Oblig onsati have been * paid and * %" perform de in 7 full. 5 24. Accounting $$ %' Matter. s - All $ acco ngunt i terms $ '* R < not specifically R defined % herein ' C shall be '$% constru de in % accorce nda - $ 9 $ %"' + "" &--# ' with GAAP. & % $ % Guanr rot shall " not change $ the " manner in which $ % either the '$ last < day 7 of $' its fisc al < % year % or t$ he '$ last <' days $ of the + '$ first C three R' fiR' scal Q %$ %' quarters 7 of $' its R' fiscal < %' yeasr ' is $ calcula.tde BC1 ' ^ 25. Notice. s - All $ ' notice,s **% 5 ' ' $' app s, lro av conse,nst and $ % other "" ' communi ons i ca t under $ ' this % $< guaranty ("Notices ) " must ) % ' " '$ + % be 5 given in accord ce an with and will be ' W subjcet to $ the B "' terms and *% 5 ' ' proviisons of the Credit Agr eem net. Notices " '$ must be " maed il or $ % $ - $ " $ % 1 $ ' delivered, if $ to & % $ % Guarntor a , to $ the addr ess W $ & % $ % ' adjace t n Guasra or tn' signature G below; 7 if $ to > % Lender, to 9) 45 / E. 0 5 % River # %! Park # Place F '$ Wes ,t ' $ % 5 % % '' $ 4 $ ) Suiet 507, 6% ' E Freson, CA (8 9372 , 0 -$$ $ C Attent : ion Ag 6 Finacne Closing ? * %$" $G Department; and in $ the ' case 7 of < any $ % other # %' Perso , n to $ the % '' addesrs ' - - designa edt by $ $ that # %' Person in a $ notice $ to & % $ % Guaranto r and > % Lende. r ' < $ 0 2 E' 8 Edward E Valaado, Jr. C's - 201 3 / K . RLO Guaarnty & " = 6 B ---- - - ---- - · -- 340 89 ------------------·-- X " + $ %* ' an all of wh & % : ' 26. General. Thsi % < guaranty " < may be N $ execudet in counter, spa rt each of K whic h will be lan and ich origi : ' ' + 5 ' % 7$ convention $ ' " drafting tog ether % are " deemed one and the same '$% " $ instrument . Th is gua anr ty shall be + $ %*% $ interpr edte in l $ ight of the s ""< % *% 5 ' % 1 provision 5 % iñ this B ' specifi de in $ the % $ Credit - % " $ Agreement , which 5 $ ' convention s are incorporat ed % herein < by $ ' this % 7 % referecn.e No or waiver % " % '* R 5 % 7 < $ ' * * / $ 5 < $ % wai guaranty ' shall be '$% construed ' as " $ limiting the gentyerali of any other ev r cont deain in $ ' this % $< guarnty a. Each Party participat ed # %$< has % $< K $ $ in $ $ negiaoting and % 7$ drafting $ ' this % $< guaranty , so ambiguity % or a Q '$ quesiton of intent % or $ %*% % ' ' interp noetitra arises, thi$ ' s % $< guaran y t i ' s to ' if an " $< $ be $ K '$ con urtsed as if $ the * ' parties had drafted $W $ < it jointly, ' as ** ' opposed $ to '$% being construde against a 6 $$< Party ' because it ' was % '* ' responsib e l for '$% ' % 7 and : ' % $< drafting one or " % more *% 5 ' ' provisions K of thi s % $< guaanty r . This guaranty ' shall % inure to benefit of shall be binding upon part esi $ " ' $ the ' * the % 7$ $ ' $ R % $ ' '4+ + ' rights % % wi ' or and respect ve i successors and '' ' assigns ; *% 5 provided , $ $ that & % $ % Guaran tro ' shall not sign its obligat ons i hereunder hotut as ' '' %' their $ % % '* 5 % % E ? " $' $ ' > > %E' Lender's *% % prior written ' $ consent. Lender may $% ' % transfer all or < any * " portion K of i ' ts "' rights und er thi s % $< guaranty and $ the Loa n Docum nts e to > % " < 7 %" $ ' any % other # %' Pers. on Lender " < may ' ' disclose $ to < any $ actual % or *% * ' proposed D '7 % transer fee any info rma ion t tha t & % $ % Guarator n has 5 % deliverde to $ $ > % < < $ > $ the Lender in $ conncenoti with the negoti tion a of $ ' this % $< guaran y t % or * %' puraunst to Loan ? " $'G Documents ; and 4 "" % Guarantor ' shall * % $ cooperat e $ $ $ $ 7 > % - % $' $ ' guaranty $ < $ *% * ' $% ' % E % " ' % fully with > % Lender in pro viding $ $ that 7 %" $ information to any actu al K or propose d tra nsfe ee. r All rights an d rem edies und re this *"5 % $< B < $ $ any 7 them $ '$ $ $ and the Secur de 2 $ Ob gation li Document s are cumula ive ,t d $ the exe secir of one % or " % more of does not constitute an N % ' % " $ 5 $ " ' an ? " $' 4 % < < election $ of % " ' remedie . s - < Any *% 5 ' provision of < any 4 % Secured Obl gation i Docum nt e whi ch I is *% prohibited % or 7 % unenforceable in any jurisdict on i ? " $ W % ' $ 2 $ $ $ ' shall , ' as $ to $ $ that W % ' $ jurisdiction , be $ 5 ineffective $ to the ent $ of su ch *% prohibit ion % or 7 % $< unenfor lityeab ci without + 5 $ invalidating the remaining $ ext N$ $ $ % " ' provisions 7 of $ $ that 4 % Secured 2 $ Obligation Document ing the dit il y or $ % $< enforceability of that vision in any other jurisdi ;ontic % *% 5 ' W % ' $ ; *% 5 ' ' ? " $ or % affect $ $ va $ $ pro 5 $< < $ % $ $' except that if ' such *% 5 ' % $ ' provision relates $ to the paym t ne Z of < any " $ %< monetary ' " sum, then nder " < may, at its *$ option, % declare all Guarante de > % Le & % $ $ * <" $ N *$ $ $ 7 " Ob igat ons li immediately due and * < payab.le Thi s % < guaran ty may $ not be amended , change,d modified, al tered % or termin ate d wi thout " R " $ : ' F $ 2 $ ' "" < " < the *% % prior % ' $ written consent of Lender. K > %E 7 $ 7 ' ' 27. Obligations $ of %% Married # %' ' Persons. Guarantor s thi s % $< guarnaty on ' his or own behalf on behalf % + ' 7 & % $ % sign 7 and $ her of Guaranto s r' mar tali "" $< community , if < any and % ' agre s $ $ that % %' recourse ma y be had aga nsti community ,st if any , and & % $ %E' '$ against '$ '' $' " % $ "" $< asse " < < Guarantor's separate *% * %$< property 7 % for the sasfa ti ction of all $ '' indebtedness , liabil es i it and obl igasotin of arant ro und er this guaranty. $ ' K Gu + ' % $< ' % & % 5 $ ' $ ' & % $ %' ' * % $ K 7 28. Optic lly a Imaged 0 % ' Reproductions . Lender may " ! make an *$ < optically imag ed repr oduction of 7 any Loan > " % *% $ % all > %" < +" I < or (8"" % % ' Do cuments and, $ at +$' its election , '" < destoy r the original or origina .s l Guarantor consen st to the destru tcion of the original orinals gi % or & % $ % ' $' '$% E $ E 7 $ % % ' $ % ? " ' and that a *< copy $ of the *$ < optiyclal imaged % *% $ reproduction 7 of any Loan ? " $ Document wi ll be equiva ent l of and for all pu rposes the $ Q 5 $ $ % * %* ' ' " agrees % ' "" < > C7 % all C * %* ' '] constitute an ] KC "original " " $ document. 6 % For * %* ' ' purposes 7 of this section , "for purpsoes " includ es use of the imaged $ ' ' $ ' ' K $ optically '$ $ $ *$ < " % reproduction B (a) $ to *% 5 prove $ the $ $ 7 contnet of $ the % orig nali documen t at $ tria , l media , iont arbitron ati or " ' % 5 administra eiv t heang ri; (b) for " $ % " $ % ; $ 6 % any "*% < B business * %* ' G purpose; B (c) for internal % or N " external $' audist and/o r N " $ exam oni tain by % or on 7 befhal K of Gov ernm ntal e Authoriti ; se (d) in & 5 % " $ @ % -" DR 'G $ % $ % ' '' < B canceling % or transfer ing r any " $G documen ; t and (e) in $ conjun io ntc with < any $ % $% ' $ other transaction evidencde by original " $ document. 5 $ % $% ' %% < < the B + 29 . Entire Agreement. ranty: B (i) represe tsn the of the tsreandings and er ement s betwe ne $ und % *% ' $' %'$ ' $ - % " This : ' gua $ sum ' " 7 ag % " $' ( % $<; / $ % % Lender and Guarantor concerning this credit; B (ii) repl aces any prior ora l or ten % " $' agree nt m es betwen > % Lend re and % $$ % * ' % writ & % $ % $ ' % $; Guarantor > % & % $ % % < *% % ' the concerning this cred t; i and (iii) ' is $ intended < by > % Lender and & % $ % Guarant ro as complete and N ' exclu ives st atem nte of the s R , "* $ final 7 %"' '$ " $ term ' % $G B+ " agreed $ to < by $ " them. + ln the t K of < any " $ conflict $ betwen this guaranty and < any $ % other agr eenm est require d < by $ ' this % $< guaranty, this B ' % $< % Q % % " $' 5 K + ' even % guaranty will pre vail. *% 5 E % $< Govern ng i Law . This guaranty shall be 5 % goverend and interpr edet by yinl g the ' laws 7 of the te of ' $ %*% $ $ & 5 % Sta 4$ $ 7 > : ' % $< ** < < app 30. 8 Ca ifol rnia (the & 5 % "Go ngverin Law 4 $ C State") $ $ without rega rd $ to $' its confli ct 7 of ' laws *% * ; prinecip s. l % % $ 7 "% B > " 31. JURISD CTION I VENUE. GUA RANTOR I+00/ 2 -,>A RREVOCA YBL AGREES TH AT, AT THE 2#:+21 OPTION OF -&0//4 -: :D/ 6 & -0-1:20 :D-/ 8 ,+ ?+UK +21 AND /1 / LEND R, E ACT ONS,I PROCEED ING S OR CO UNT AISRC MLE ARI NG SI OUT OF RELATING TO S GUARAN YT :2 THI 2 : -0+4+1& :D+4 26 OR 20 0/>-:+1& 2 1:/0 >-+ 4 & -0-1: #02 //?+1&4 ->> - :+214 0 >/1?/0 ALL OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUM NT E WIL L ,/ BE >+A+&-:/? LITIGATED IN TH E SUPERIOR 2 0: COURT OF A,LIFOI R N FRESNO COUN Y,T :D/ 4 #/0+20 60/412 +1 26 CA ->+6201+- 20 F+>> 2 1:A CALIFORNIA , 20 OR :D/ THE 1+:/? UNIT DE 4:-:/4 STAT SE ?+4:0+ : DISTRI CT 2 0: COURT 620 FOR :D/ THE /-4:/01 EASTERN DI CT STRI OF CALI ORNIA. F GUARANTOR ?+4:0+ : 26 ->+6201+ & -0-1:20 ->+6201+- Y CONS NTS E TO 4/0 + / SERVIC , E JUR SDICTI,ONI AND VENUE OF THO ES COURT S 620 FOR ALL ONS TI , IRREVOCABL -1? /1 / 26 :D24/ 2 0:4 ->> SUCH 0+4?+ :+21 :2 4 D AC +00/ 2 -,> - :+214 214/1:4 PROCEE DGS IN AN D 2 1:/0 >1 4 COUNTER LAIM CS AND ES AN Y 2:D/0 OTHRE VENUE WH CHI IT MIG HT ,/ BE ENTITL DE BY -1A /1 / TO +: F-+ /4 /1:+:>/? :2 FD+ D +&D: -1? WAIV ,A #02 //?+1&4 -1? VI RTUE 26 OF ?2 + +>/ DO LE C,I MI HABITU LA 0/4+?/1 / RESIDEN CE OR 2:D/0F+4/ OTHERW SE. I FINAL JUD GMN ET AGAIN ST & -0-1:20 GUARA TOR N I+1 N AN Y 20 6+1-> ?& /1: -&-+14: D-,+: -> -1A +0: / SUCH - :+21 ACTIO,N SUIT 20 OR PRO CE EDING SHALL ,/ BE CO NC VELUS I AND MAY ,/ BE EN FORCE D +1 IN -1 ANY OTHER 4D->> 21 > 4+ / -1? -A /1620 /? 2:D/0 #02 //?+1& 4 +: 4 D JURI ONDI SCT I BY 4 +: SUIT 21 ON :D/ THE ?& /1: JUDGMEN, T CE FICA RTI ET OR /L/ #>+6+/? EXEMPLI DIEF COPY ICH 4D->> SHALL ,/ BE - /0:+6+ -:/ 20 2#A OF 26 WH ,A FD+ D 0+4?+ :. 1 A CONC SIUEVL EV DEINCE OF THE JUDTGM NE OR N AN Y 2:D/0 OTHER -11/0 MAENR PROVIDE D BY LAW. GUARAN TOR -1A 20 I+1 ,A #02 +?/? :D/ ?& /1: >-FE & -0-1:20 26 21 > 4+ / / +?/1 / IRREVOCABLY WA VESI TO :D/ THE 6 >>/4: FULLST E EXT ENT #/0 +::/? PERMITT DE BY APPLI ABLE C LAW B- (A) ANY OBJECTION CHI IT ,A /L:/1: >-F -1A 2, / : -##>+ -,>/ :2 : +21 WH +00/ 2 -,>A F-+ /4 FD+ D MAY HAVE 12F NOW 20 OR +1 IN TH E 6 : 0/ FUTURE :2 TO :D/ THE >-A+1& LAY NGI OF THE NUE 26 OF AN Y 4 D SUCH - :+21 ACTION , 4 +: SUIT 20 OR #02 //?+1& PRO NGECD I -1A /1 / :D/ VE 26 :D/ -A D- / IN ANY 2 0: COURT 0/6/00/? REFERR DE TO +1 IN :D/ THE 6+04: FIRST 4/1:/1 / SENTENCE -,2 / ABO; VE (B) ANY + CLAIM TH AT -1A ANY 4 D SUCH ACT ON,I SU IT OR :D-: +1 -1A :2 4 +: - :+21 20 BI -1A PR OCEE NG DI HAS BEEN BROU H GT IN -1 AN P1 21 /1+/1: INCON ENT EVI N FORUM ; (C) ITS 0+&D: RIGHT OF VA L OF MATTER 26 REMO 620 0/ 2 -> +1 26 ANY D-4 -1A -::/0 ,//1 ,02 &D: #02 //?F& BB8 +:4 COMMCED NE BY ANY OTHER PART Y IN E 2 0:4 COURTS 26 OF :D/ THE 4:-:/ STATE OF ORNFAI TO Y CO RUT OF E +1 TH :D/ 26 CALI :2 AN ->+6201+- #-0:A 2 0: ,A 2 /1 /? -1A 2:D/0 -1A 26 TH :D/ UNITED ST ATES OF ERIC A; (D) -1A ANY + 1+: IMM TYUN I WHI C H +: IT OR ITS ASSETS E IN SPEC T OF ITS -A HAV +1 RE 20 +:4 D- / -44/:4 MAY FD+ D 26 +:4 26 AM 0/4#/ : 1E:/? 4:-:/4 - /0+ -G B? Edward $ Va ad l ao. Jr .. 0>2 ; RLOC s' -OS Z8 2031 / % Guaranty & % $< X 7 341 89 OBLIGAT ONSI UNDER :D+4 THIS & -0-1: GUARANTY 20 OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUMENT 602 FROM -1A ANY 4 +: SU T,I EXECUTION , 2,>+&-:+214 1?/0 /L/ :+21 ATTACHMENT BFD/:D/0 (WHETHER #02 +4+21-> PROVISIONAL 0 OR 6+1-> FINAL, +1 IN -+? AID 26 OF EXECUT ON, I BEFORE ?& /1: JUDGMENT 20 OR 2:D/0F+4/ OTHERWISE) OR -::- D /1: ,/620/ /L/ :+21 20 OTHER LEGAL PROCESS ; AND B/ (E) -1A ANY 0+&D: RIGHT +: IT -A MAY HAVE TO 0/U +0/ REQU RE I THE 2 +1& MOV NGI PARTY IN -1A ANY 4 +: SUIT, - :+21 ACT ONI 2:D/0 >/&-> #02 /44; -1? D- / :2 :D/ #-0:A +1 OR #02 //?+1& PROCEEDING ,02 &D: BROUGHT +1 IN -1A ANY 26 OF :D/ THE 2 0:4 COURTS 0/6/00/? REFERRED TO ABOVE ARISING 2 : OUT 26 OF 20 OR +1 IN 211/ :+21 CONNECTION 20 :2 -,2 / -0+4+1& WITH :D+4 THIS & -0-1:A GUARANTY 20 OR -1A ANY 2:D/0 OTHER >2-1 LOAN ?2 /1: DOCUMENT TO POST 4/ 0+:A SECURITY 620 FOR :D/ THE 24:4 COSTS 26 OF & -0-1:20 GUARANTOR 20 OR F+:D :2 #24: TO #24: POST - A ,21? BOND 20 OR :2 TO :-./ TAKE 4+ +>-0 SIM LAR I ACTION . - :+21 :2 32. 8 ' $ % Cred t i 0 Report. > % Lender is authorized $ to % % order a % $ credit % * %$ report and 5 % 7< verify all $ % other % $ credit 7 %" $ information , including % $ past and present ' loans and '$ % standard % % ' references % " from $ " time to time $ to 5 $ eva uate l the creditworthiness 7 of & % $ % Guarantor . J $ Without * '$ *% ' $ $ $ " $ % $ %$ '' lim tation i , a *< copy 7 $ of the ' $ consent 7 % for % ' release 7 of 7 %" $ information , % general $ % $ authorizatio n % or ' " % sim lari document on R $ file with > % Lender ' shall " $ $ " $ author ze i third # %' ' Persons $ to *% 5 provide $ the + 7 %" $ information requested from $ " time $ to $ " time. $ % % Q '$ 7% " $ % 33. WA VER I OF :0+-> TRIAL ,A BY 0A JURY. & -0-1:20 GUARANTOR B- (A) 2 /1-1:4 COVENANTS AND AGREES 12: NOT :2 TO />/ : ELECT - A :0+-> TR AL I 88 F-+ /0 26 -1? -&0//4 ,A 620 :D/ BY 0A JURY +1 IN ANY ACTION 0 OR #02 //?+1& PROCEEDING FOR THE 0/42> :+21 RESOLUTION 26 OF -1A ANY ?+4# :/ DISPUTE, 21:02 /04A CONTROVERSY 0 OR >-+ CLAIM -1A - 21 THAT -0+4/4 ARISES 2 : OUT 26 OF 20 OR 0/>-:/4 RELATES :2; TO: B+ (I) :D+4 THIS & -0-1:A; GUARANTY; 20 OR B+K (li) -1A ANY & -0-1://? GUARANTEED 2,>+&-:+21 OBLIGAT ON, I WHETHER :D-: FD/:D/0 AR SING I IN 21:0- : CONTRACT, :20: TORT 20 OR ,A BY 4:-: :/ STATUTE B+1?+ +? ->>A (INDIVIDUALLY - A C?+4# :/C G "DISPUTE"); -1? AND, B) (8) :2 TO :D/ THE /L:/1: EXTENT #/0 +::/? PERMITIED -0+4+1& +1 BY APPLICABLE >-F LAW, F-+ /4 WAIVES -1A ANY 0+&D: RIGHT :2 TO - A :0+-> TRIAL ,A BY 0A JURY +1 IN -1A ANY 21:02 /04A CONTROVERSY 0 OR >-+ CLAIM :2 TO THE EXTENT ,A -##>+ -,>/ :D/ /L:/1: 26 -0/ -1? SUCH RIGHT /L+4:4 EXISTS 12F NOW 20 OR +1 IN :D/ THE 6 : 0/ FUTURE . :D/ THE #02 +4+214 PROVIS ONSI OF :D+4 THIS 4/ :+21 SECT ONI ARE &+ /1 GIVEN .12F+1&>A KNOW NGLY I AND 4 D 0+&D: AL I INDUCEMENT 620 FOR >/1?/0 LENDER /1:/0+1& ENTERING +1:2 INTO :D/ THE 0/?+: CREDIT -&0// /1: AGREEMENT -1? AND VOLUNTARILY; -1? AND -0/ ARE - A -:/0+-> MATER +1? / /1: 2> 1:-0+>AG OTHER >2-1 LOAN ?2 /1:4 DOCUMENTS . 2:D/0 ' K Guarantor ' is ' sign ngi this % $< guaranty 77 5 effective as of $ the < day and < % year first written 5 above. R%'$ % $$ $ ' & % $ % GUARANTOR & -0-1:20 B Address 7 % for $ '; notices: - % '' (8 17293 ( 9 and 2 One D 7-5 Half Ave Hanford , CA 93230 - (8 8 D 7 % EDUARDO ->-?-2 VALADAO /? -0?2 / % Edward + E Valadao, % Jr. = - 0>2 '5 8 RLOC's - 2013 Guara tyn & % $< 8 342 89