Rabobank v. Triple V Dairy
Rabobank v. Triple V Dairy
Rabobank v. Triple V Dairy
E-FILED
11:06 -
John G.
Micha el #
10610 7
irnichael
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"
akerma
ock @8@;
11/13/2017 AM
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Peter Fashin g ())
#1
95756 FRESNO 21:ASUPERIOR
60/412COUNTY 20:
4#/0+20COURT
4
Garcia,
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Fresno, California 93704(89
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98
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Telephon e: 559.432.5400
5 Facsimie: l ))(
98
)
6'"; 559.43 2.620
5
-$$ %<'
6 Attorn 0-,2,-1.
7 % RABOBA
eys for 1
-
NK, N.A.
8 4#/0+20BC?0+OF
SUPERIOR COURT :D/4:-:/26->+6201+-
26THE STAT E OF CALIFORNIA
9 BE21:A
COUN TY 2660/412
OF FRES
NO
10
11 0-,2,-1.
N.
RABOBANK 1
-
, A.
, CASE 117CECG03829
-4/No. /&8I(
12 Pl
aintiff ,
#$77
2#>-+1:
COMPL 620;
AINT FOR:
13 5E
V.
(1) ,0/-DOF
B+BREACH 26CONTRACT;
21:0-:G
:0+#>/
14 TRIPL EV DAIRY
?-+0A
, a 7 %
Cal iforn
a i %
general (2)
B,0/-D
BREACH 26
OF F0+::/1&-0-1:AG
WRITTEN GUARANTY;
*%$%'
*
partner /?F-0?VALA
ship , EDWARD ->-?-2
DAO, 0
JR.
, (3)
B8 620/>240/
FORECLOSURE 21
ON #/0421->
PERSONAL
15 5<
individu ally, ' as general *%
a % partner in :0+#>/E V
TRIPL PROPERTY 2>>-:/0-> ;G
#02#/0:ACOLLATERAL
?-+0A
DAIRY and >21/4:-0
dba LONE STAR DAIRY ?-+0A; ; (4)
B94#/+6+
SPECIFIC #/0620-1/ -H
PERFORMANCE
16 -#0+> ->-?-2
,5<
APRIL VALADAO indi
vidu aly, l ' %
as a general -##2+1:/1:OF
APPOINTMENT 26RECEIVER
0//+/0G
; and
*%$%in
partner TRIPL:0+#>/ EVDAIRY
?-+0Aand dba
LONE>21/ (5)
B4+11:+/
INJUNCTIVE 0/>+/6
RELIEF
17 4:-0 ?-+0AG?-+?
STAR DAIRY; DA VID VALADAO, ->-?-2
5<
individu ylal 'as general *%$%
a % partner :0+#>/E V
in TRIPL
18 ?-+0AG; :/00-
DAIRY TERRA ->-?-2
VAL ADAO, indi 5<
duall
vi y '
as
a % *%$%
genera l patin er :0+#>6
in TRIPL EV DAIRY
?-+0AG ;
?+-4VAL
19 DIMAS ->-?-2
"5< %
ADAO , indivi
dua yll '
as
a general
*%$%
partn er in
TRIPL E
:0+#>/ ?-+0AG
V DAIRY ; -0A
MA RY -1/
JANE
20 ->-?-2
5<
VALADAO ,individu
y lla as *%
%partner
'a general
in
+E0+#>/
TRIPL E
V ?-+0A;24/? VAL
DAIRY ; JOSE D. ->-?-2
ADAO
21 5
an individu dba TWO 4:-0
la BC8 :F2 STAR DAIRY ?-+0A
,
-0A ->-?-2 5
MARY J. VALAD A O, an individu a
l dba
:F2
22 TWO 4:-0 STAR DAIRY ?-+0A; /?-0?2
; EDUA RDO
->-?-2
5;-1?DOES
VALAD AO, an in dividua l ; AND ?2/41H4+> -50,
23 INC+1>4+/
LUS IVE,
24 ?7$'
Defenda
nts
.
25
26 #$77
Pl
ainti
ff 0-,2,-1.
RABOB ANK , N.A. BC,!Cor
1
@J
("Bank" C#$77C
"Plai
nti
ff') , 'as
alleges 7 ';
'foll
ows:
27 #-0:K/4
PARTIES
28 l.
0""!E
Raboba
nk , 1
@J
N.
A. is, at
'
and all $"'
$ "$
times mention '
a nationa
ed was,
l !
bankin
g
4LE++
2058
970vl 28 1 I
/ 8
17373.0
2#>-+1:
COMPL 620
Al NT FOR( ,0/-DOF
) ! + BREACH E B1:0-:G
CONTRACT; B8,0/-D
(2) BREA CH 26 F0+:+E>1
OF WRI &-0-1:A;
TT EN GUARANT Y; B8
(3)
1
6206>240/
FORECL
OSU RE #/0421->
ON PERSONAL +M0BLE/0:A
PROP ERTY 2>>@J:/0->
COLLATERAL ; /:
ETC. 1
1 '' $
assocatiion, qualifi ed
QR and $
% $
$ condu
authori ze d to '''in
ct business all counti es 7
$' $
Stat
of the e 7
4$$ 7 %
of Cali
forni a.
2
=EN
2.
,!'
Bank 7 %"
is infor m edand 5'thereon
believes and $
% '
alleges that ?7$
$
$Defe :0+#>/
nd ant TRIPL E
3
O V ?-+0A
DAIR Y BC:%* Cis'a%
("Tripl e V") *%'
*
genera l partn er hip
s organize d
% N'$
and exi %the
stin g under $
laws 7$
'of 4$$
the State
4 E$<"
its
of California with $'principal place 7
*%** :%
'''in
of business Tul ar e $<
Coun ty,Cali
7 "
forni a.
5 3.
8
,!'
Bank is 7 %" 5'
inform ed and believes $
% alleges
and thereon 'that ?7$
$
$Defe nd ant
6
P /?F-0? ->-?-2
EDW ARD VALA JR . BC/%C
DA O, 0
("Edwa rd") is 5%'
' an the
indi vidu al residin g in City 7
$
$<of Hanfor .'
D7 %d, Kin gs
7 $<
County , E
%
,!is'furth
California. Bank er 7 %"
6%$
% believes
info rm ed and 5'that /%
$
$Edwar %
d is'agenera l partn er 7
*%$% of
8 :%*
Tr iple V also '
and 'does business %
'''und er $
R$$ ' '''"
the fictitiou sbusiness name 7> Star
of Lone ?%<
4$%Dairy.
9 4.
9
,!is' infor
Bank 7
m edbelieves
and 5'and $
% 'that
thereon alleges ?7$
$
$Defen -#0+>
dant APRI L
1O ->-?-2
VALA DAO BC-*%C
(''Apr il") ' individu
is an 5%' $
$<
the
al residin g in 7D7 %
City of .'Count
Hanford, Kings $<
7 %
y, Ca liforni a.
11 ,!+4
Bank is fur inf orm ed
t her 7 %"
7
% 5'that
and believes -*%is
$
$April %
genera
'a l partn er 7
*%$% :*
of Trpl
ei and
V al
so '
'does
14 ->@J?-2
VALA DAO BC?5C is
("David" ) ' an 5 %'
indi vidu al residin the
g in City 7D7 %
$
$< .'Count
of Hanford , Kings $<y,7 %
Californi a.
15 ,!'
Bank 7
%7
is further 5'$
$
inform ed and believes ?5is'%
that David *% 7
a genera l pati :%*
ner of Tripl
e V.
16 6.
,!is'7 %"
Bank inform ed and 5'
believes $
% alleges
and thereon 'that ?7$
$
$ Defe :/00-
ndant TE RR A
17 ->-?-2BC:%%C
VALADAO is
("Ten-a") ' 5
an indi
vi
dual %'
residin $
g in City ED7 %
the $< .'Count
of Hanford , Kings $<
7 %
y, Californi a.
18 ,!i'
Bank urt her7 %"
s f7%$
% 5'$
$
inform ed and believes %%
that Te is
rar ' %
a genera l partn er 7
*%$% :%*V.
of Triple
19 7.
,!is' infor
Bank 7 %" believes
m ed and thereon
5'and $
% all
'
eges $
$ ?7$
that Defe ?+-4
ndan t DIMAS
20 ->-?-2
VALA DAO BC?"'C
("Dim )as " is'
an 5 %'
indi vidu al residin :%Count
Tulare
g in $<
7 %
y, Cali ,!is' furth
fornia. Bank 7%$
%
er
21 7
informed 5'$
$
and believes ?"'
that Dim '
as is a genera l partn er 7
%*%$% :%*
of Tripl
e V.
23 -1/->@J?-2
JANE VALA DAO BC%<C
("Mary Jane"
) is individu
' an al %'
5 residin g
in Tulare $<
%County 7 %
, Cali ,!is'
fornia . Bank
24 7%$
%
furt her infor med
7 %" 5'
and beli
eves that %<";
$
$Mary Jane is'%
a genera l partne r 7
*%$% :%*
of Trpl
ei
V.
25 9.
(
,!is' infor
Bank 7 %"
med and believes
5'
%'
and thereon alleges that ?7$
$
$Defen 24/D.
dant JOSE ?
26 J+-
-?-2
VALA DAO BC 'C individu
("Jose) " is' an 5%' "the
al residin g in $<7
$
City D%
of Ha .'Count
nford, Kings $<
y, E
Californi a.
27 ,!
Bank '
is furt her 7 %"
7%
% 5'
eves $
$
infor me d and beli ''
that Jose ''''
also does %$
business under R$$ '
the ficti
ous
ti '''
business
28 nam
2058
e E:
" of Two 4C
D41E++D
970vl
"
COMPL
728
NTAI
?%<
Star Da
373
ry.
01 .
;F1:
i
/ 1+D+D++/4
620(1)
FOR B,0/-D
BREA
+
620+M>240/
FORECLOSUR
OF 21:0-:G
CH ;8
2
CONTRA CT; (2)
1PERSON
E ON #
0421->
AL
,0;@+6SFTE+>U
BBREAC
#02#/0:A
H OF WRI
B E2>>-
TTEN
""G
PROPERTY COLLATERAL ; ETC.
&-
1M+MG
GUARANTY
)"
; (3)
P V
2
1
O. ,!is'7 %"
Bank 5'
inf orm ed and believes and $
% alleges "$
thereon ' ?7$
that Defenda -0A
nt MARY J.
2
+
->-?-2
VALA DAO BC%<C
("Mary ") is'5
an individu al %' $
residin g in City 7
the $< D7 %
of Hanfor .' $<
,d Kings Count y, 7 %
California.
3 ,! 7
%
Bank is' furth er inform ed
and 5'
believes $
$%<'
that Mary also ''''
does bus %$
iness under fictitiou s '''
the R$$ ' business
4 name 7:
"of Two 4$%?%<
Star Dairy.
5
+
11.
,!is'7
Bank inf orm ed 5'
and believes and $
%
thereo n '
alleges $
$?7$
that Defendant
6 /?-0?2
EDUA ->-?-2
RD O VALA DAO BC/% C
("Eduar)d o" is
' an 5
indivi
dual %'
residing City 7
$
$<
in the of Hanfor d, .'
D$%
Kings
Count y,
"<
1•
7 $M"M
Cali
forni a
8
12. ,!is' unawa
Bank %
r e 7$
true "'
of the $%names capacities,
$
%
and *$'
whether %* %$
corporate,
(
9 5
individua
, l '' $
associ
ate, % se, 7
or $
%'
otherwi of the defendants '
$
7$'
%'
sued herein ?2/41-50
as DOES =)therefor e ''
and $
%7 % sues
"*$
11 Compl
aint '
to insert $
true "'
the $%names 7 defe ndants
those 7$'
of $
' the '"
when $
same %'%$
are ascer
ta ine
d. ,!'
Bank is
12 7 believes ,
inf orm ed and 5' and $
%
thereon '
certa in 7?2/4
that %$
alleges, $
$ =)have
of DOES 1-50
5 %"<"
or may claim $
5
to have
18
3 $%'$
an interes in $
t %
the real and *%'
personal *% *%<to
property $ 7 % 'in
be foreclosed this '
$
' ,!'
case. Bank is 7 %"
inform ed and
believes ,
+9 5'
14 $
% '
and thereon certain 7
that %$
alleges , $
$ ?2/41-50
of DOES %$'
=42were or "* <'
agents % of "
employees 7the $
%
other
15 defendants
7$' of
and 7one $
% and %
another , were $ all $"'
at actin g $
times $ within $
*%* '
the purpose scope 7
and ' *of '
such
1
6 agency or "* <"$
< %empl
oyme nt.
17 138
.
Venue is'*% *%in $
proper Superior %$
the 4*% % the $<
7 %$
Cour t for County 7
of Fresno '
6%' because
19 $%$' ''
contracts in *% 5
issue provi B+;*'
$
$the
de that parties %to '"$
agree + $ W%'
submit to juri sdiction and 5
venue $
4*% %
in the Super
ori
21 &/1/0->
GENERAL ->>/&-:+214
ALLEGA TI ONS
22 B:
(The :%*
Triple
V > '
Loans)
23 149
. :
%
There % '
are two loans $ issue $
at '' with %'*$ to :%*
respec t $ Tri
epl $
'
V, these %
are D%@6
a Her d/Feed
24 >
Loan and D$E%
a Hei >
2
fer Loan. or
On % 1 5"%
about Nove mber (
19, 2012 ,!
, Bank, the
on $
hand, "
one
and :%*
Tripl
e
V
26
27
28
-%"%C
Agreement
%<$
) " whereby
' $
is intended.
1
,!N$
the Bank
+
+5
The individual
X
extended
X
a line 7
of %$
Val
adao
t $
credi
?E"'
Defendant
e
to :%*
Tripl in
V an %
original
are %$%%
s %
*%*
princi
to <
ref erred $
pal
by
%%' "'
their first to ;
names avoid >"7'
confusion. 1
No '%'*$
disrespect
T4F2+
2058970v I / 1YSK B++:1
73 73 .O
E
128 3
N
#+
NTE-1:
COMPL AI 620
) B+
FOR( ,0/-DBC
! BREACH OF >7B1Z+P-B:S
CONTRA CT; ,0/-D
(2) BRE ACH 26WRITT EN &-0-1:AG
OF F0+::/1 GUARANTY ; $8
(3)
620/>240/21
FORECLOSURE #/0421->
ON PERS
ONAL #02#+=0:A
PROP ERTY BE>+E-:/0->>/:
COLLAT ERAL ; ETC. 38
1 " $ $$
amount not Nthe
to exceed $
lesse r 7[
)B
''% 000 or
of $2,500, )\ 7$
%75% of the C, %% ,'CB'
"Bor rowing Base" Rin
(as defined $
the
2 D%@6
Herd/ Fee d %$
Credit Agree ment). -
-%"
A $%and "$K
true correct copy 7the
*<of D%@6
$
Her -%"$
%$Agreeme
d/Fee d Credit nt is'
3 $
%"as
attached hereto /N
C-C
'Exhibit "A" %* %$
and incorporat <reference.
%by
ed herein -'set
%7%
As 7
bel
'$forth
$
loan
ow, the
4 '% D%Feed
$
Herd
the
describ ed in 6Credit -%"$
%$Agree ment '%7%%
is referre '$
$ as
d to CD%@6
the "Herd/Fee >
C
d Loan :
" . The
5 D%@6
Herd/Fee > '
d Loan 7%$
%
is furthe 5by
r evidenced $
$?%<
<that D%@6
certain Dair y Herd/ > $E%$
Fee d Line 1 $
of Credit Not e $
dated
6 1 5"%
Novemb er 19,
( 2012. -$%
A correct
true and %%$ *<
copy of that 1 $
7$
$ $$
%$
Note is'attache '/N
$
d hereto as C,Cand
Exhibit "B" i+'
s
7 %* %$
incorpora etd
%<this
herein by $
'%7%
reference.
9 *%$'
part
esi thereto %
$
%$on or $?"%
about Decemb er 1E
O, 2013; 4*$"%
8GSeptemb er 17, 2014, 4*$"%
9 ,
)E
2015
Septemb er 2, and
1O February O, Z
6%%<1DY
2017 B $5<
( collect
vel
yi $
CD%
the 6Loan
"Herd Feed -""$'C
> Amendm en")
. ts In $
+additio
n, four N$'
7 %ext
on
ensi
11 letters %provide
$$%'were *% 5$ :%*
d to with
Triple V
respect
%'*$$
to the D%@6
$
Herd/Fee d %$-%"$
Credit Agree "
'amende
ment, as d,
12 dated -'$
$August )
26, 201
5, -'$
August 26,
E201 2$ %11,>
6, October 2016, and
1 5"%
Nove mb er 25, (coll
)
2016 B $5<
ectivye l
13 C
D%@6
$
"Herd/Fee
the > Ext
d Loan /N$' Y
ens
oin >$$%'C
Letters
". ) B:
D%@6
(The Herd/ Fee d Credit -%"$
%$Ag reement , the D%Feed
7 %Herd
$
four 6
15 $5<
collectivyel %7
referre
d to the CD%@6
as $
$ ' > C
"Herd/Fee d Loan".
) :%
True and $
correct copies 7$
*'of the four ""$'
P %amendm ents
16 $ $
to D%@6Credit
the Herd/Feed -%"$are
%$Agreement
%attache
%$ collecti
d hereto $5< /N
$]C
'Exhibit
vye l as
"C" and
17 %* %$
incorporate <%7%
d by True
refere nce. :%
correct *'
and %%$copi
es of 7the D%@6
7 %Herd/Fee
$
four > Exten
d Loan /N$'
onis >$%'
Letters
18 %$$
are attache
%$
o $5<
d heret collectivyel '/N
$C?C
as Exhibit "D" %* %$
and incor <refere
porated by %7%
nce.
19 16.
2
On or about 4*$"%
% $September I8, Z
201
7, ETriple was
:%*V 'informe
7"<letter
d by $$%that $
$
$the
20 ,!
Bank would $%$<further
not grant any 7%$
%N$' '
extens
ons i 7$
""%<
of the maturit for
y date 7 %the D%@6
$
Herd >
This
/Fee d Loan. :
'
21 etter '
l+$% a R""
was confirmation 7*%5"'
of previ
ous "%''
conversa tions that 7 %"
$
$ informe :%*
d Tripl eVthat further
$
$no 7%$
%
23 C/C
"E"
and %* %$
incorporated herein <$
'
%by %7%
this refere #%'$
nce. Purs $ the
uant to 6 %$
-""$
$
Fourth Amendment to $
$ the
24 D%@6
Herd BE%$
/ Feed Credi -%"$
t Agreement
, the D%@6
$
Herd/Fee > mature
d Loan "$% 4*$"%
d on September 8
30, 201
7 and 'all
was
25
due
and *<
payab that $"
at $
$
e l $ time.
26 1
7. :%*
Tri
ple its
V and *%$%'7$
$'partners %the
default ed under D%@6
$
Herd/Fee > by,
d Loan "
<
among
27 $
%
other things
, failing
$
' *<the
to pay
$$ ance 7$
$
bal X%Loan
of the Herd/Feed
due
> when 4*$"%8
on September 30 201
7
2 =
I
18. 2or $
On % ?"%
about Dece 8Bank,
2013
mb er 10, $
,!Eon hand
the one
Triple
, and and
:%*V
3
> its
$'partn er s,
*%$%'
$
$
%
on the
,enter
other hand $%
ed into a %$
$ -%"$
Credit Ag r ee ment BCD7%
("Hei
fer Credit -%"$C
%$Ag r eement")
4
%<$
whereby ,!N$
the Bank 7
extended aline of %$ :%*
$ Tripl
credit to in
eV
an %*%*
original prinpal
ci " $"$
amount not to
5
M+
N
excee d the lesse r 7[)
$
''% of $500,
000 %$
C, %%
or the ,'C
"Borro wing Base (as R
" B' $
Hei
the
defined in $% %$
fer Credit
6
B -%"$
Agree -true
ment) . A $%
and %%$ *< 7$
corr ec t copy D7%%$
of the Hei -%"$
fer Credit Ag ree ment is'
%$ /N
$
'Exhibit
attac hed hereto as
8 %-%"$
Credit Ag %7%%
r eement is'referr $ '
ed to $
"Hei
as the C=7%
fer Loan." :
Hei
>
C The D7%
fer Loan 'furth
> was er 5
7%$
% <
evidenced by
9 that %$
$
Ncerta D7%'
in Hei > 7
fer s Line of %$1 $$
Credit Note ?"%
dated Dece O, 2013.
mb er 1
-true
8
A
$and correc t *< $
$
copy of that
1O 1 $
No te is+4$$
attached
%$
hereto '/N
$C&C
as Exhibit is' incor
"G" and %* %$
po raedt herein <this
%by %7%
$
'referen
ce.
11 (E
19. :
%""$'
Three amendm $ the
ent s to D7%
$
Hei
fer Credit -%"$
%$Ag %
reement were N$ <the
exec uted by $
12 parties thereto
*'$
%$ on % $4*$"%
or about Sept emb er 17, 2014; 4*$"%
9;Septemb er 2, 5,
E)E
201 6%"<
ry 1D
and Februa
0, 2017
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4DE1+
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me .
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2058970v 17373.01
28
M
#>-+1FFOR B+:/ND
COMPLAINT ;21:0-:
(I) BREACH OF CONTRAC ,0/-:04+;
T; (2) BREACH
OF WRI %"
TTE &+1-S
N GUARA ;8
NTY ; (3)
5" 'N1
G
FORECLOSURE #/0421->#02#/0:A
ON PERSONAL 2>>-+/0->G;ETC.
PROPERTY COLLATERAL +G 5)
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R 7$
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the filing of that %$ H
certain UCC-1 1 5"%
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r
10 26,
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as Fil
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' is $$
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'reference.
12 8
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e V's obligations %
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dated Decemb 8
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er 1+
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i
14 $
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secured by, amon g $
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other thi
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s,
16 Securit y -%"$
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R
by the of that
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$ H
certain UCC -1 1 5"%26,
r
on Novembe 2012
18 ' 6
as File No. 88(((K
1
1273
39179911
, describ de 5
+
'% above.
19 (The >
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Star > "
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20 9
24. 2or $
On % <
about May 16, 8E
2013, $
Bank,
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the
on $
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21 -*
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Y $
%
in the original
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*%*
prin amount E49
of $422,
000. -$%
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correct *< >";4$%
of the Lone Credit -%"$
Star %$Agr eement '
is
26 $$
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o '
attached heret /N
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Star loans are
27 7%$
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further <D$
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certain Lone Star ?%<
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ry 1 $
e
Not that %$
and $
$ :"Note,
certain Term both $"
1 $ $
dated
28
4DE1+
0v I I ++TL
205897 173 73 .O 128
E
6
B
COMPLA
NT I FOR (I) BREAC H OF CONT RACT; (2) BREACH OF WRITTEN GUARANTY ; (3)
FORECLOSU RE 1
620/>240> +M>0421->
ON PERS
ONAL #02#/0
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and %%$ copy 7
correct *< of $
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this letter attac hed hereto ' bit CTC
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"$% on 4*$"% 30,
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and was all
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at $
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4 8
32. Jose
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other $
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7 88
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dated Febru ary 18, (the C:
2011 B$
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:
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other thin $'=
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true copy 7
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as Exhibi "AA"
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13 ? "$
'Docum
2011 as
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1
11-7262 006 065.
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1 ' attached
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16 89
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dated May 16, 8
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19 *% 5'
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,'
in pari 7 ';
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unconditi ynloal %%5 <
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[Bank $
full
] the 7
and promp t paym ent
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$
%
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21 "$%$<
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defined herein) , '$%$<
strictyl in
%
acco rdanc e$
with the '
m s $E
'
$
ter of this %$<
guara nty, the > Star]
$
[Lone 4$% %$
Credit
23
++
O -%"$
Ag reement and the$
$
%
other Loan> ? "$'
Doc ume nts. If at <
+7$ any $" , %% %
time Borrower
fails, $'
7' neglects, %7''$
or refuses *<
to pay when
due *7 when
or perform
due <
any
24
#8;
7 the &%$
of $
Guaraneet d 2$ '
Obligatio,ns $
then B%$ %
Guarantor '
*<
shall pay %
or *%7 %"
perf orm
or '
cause $ to be *%7""
perfor med '
such &"$
Guara ntee d 2$ '
Obligations '%Q%
as require d
25 "
unde BI
$
terms
r the and $ '
condit ons i of this "$<
7
' guara nty
and $
>
the Loan
? "$'
Doc um ents.
26
:
Guaranyt 7
%
The &%$< *% 5'$
$
furth er provides the &%$
that $
Guaranteed 2$ '
Obligat
onsi ;
include:
27
all 2$'
(a)
B Obligat
ons
i (as R
B'defined in Credit -%"$
the %$
$
Agreement)
including B
(i)
28 $
> Star
the Lone ?%<
4$%Dai 1 $$
ry Note as 7$
dated ' date 7
of the $ $
'
of thi %$<
s guarant y, 7% "
from
;'"
2058
907vl 28 1 B+1
I +8V
17373.0
E
9
(
:A+#+-+1:
COMPLAI
NT 620B+
FOR ,0/-D26
(1) BREACH OF 21:0-:;
CONTR ACT ; B+ ,0/-D2
(2) BREACH F0:+:/1&-0-1:AG
OF WRITTEN GUARANTY; B8
(3)
21#/0421->
+?0/L++40/
FORECLO SURE ON #02#/0:A2>>-+
PERSONAL PROPERTY COLLATERAL/0-+/:
; ETC. 9
(
, %% %
Borrowe to >%
r $ in $
Lender the % cipal " $
*%*
original prin amount 7
of
8)8
)
$3,500,
00
000 .
and B $
:%"
(ii) the Tenn 1 $
Note $ as 7$
dated ' date 7
of the $ $
'
of this
2 %$<G
guara nty, from , %% %
7% "Borr ower $ >%in
to Lender $
the % prin cipal " $
original ** amount
89
of $422,000.
00.
3
(Attorney 6Provisions
-$$ %<Fee #% 5' 'K
)
4
8)
35. /
7
Each the %$
of $
-%"$'
Credit Agree m ents $
&%$<
and the alleged 5
Guaranty is 'W$
above ' subject +
to
5
an $$ "<
*% 5'
7prov
attorney fee onsi i entitlin g $
$$ the pr eva ilin g*<
*%5 to %'
part y $ costs
reasonable '$'and $$ "<'E
attorn eys' 7'
fees
6
%%
incurr ed in connection $
$ $
7 %"$
with the enforce ment %
or preserva of rights
tion $E%
$'
*%'%5$ %"'%
and remedies $
under the
7
%"$'
$
agreement, s in to '
addition $ such $
additional $$ %<7*% 5' '
attorney fee sions '
provi "<be
as may
$in $
contained the
8
securit y %"$'
'%$< agreements @ % alleged 5
guaranty
and/or %$< above.
9
(Venue)
10
8
36. /
7
Each of $
?7"'
the Defendants
5
have %
agree d vei %"$'
%'*$5
$
%respect
in their agreemetns and
11
securit y %"$'
'%$< $
$ C$
agree ments that "at the option 7
$
*$ ,!Y
of [Bank], all $ '
*% '
actions, proceedin or $%"'
gs %count erclaims %'
arising
12
out 7 %
$of or %$
relatin g $ $
%"$'Y
to [the agreements
] or <
%any $
%loan "$
other will
docum ent be $$ the 4*% %
in $
litigated Supe rior
13
Comi 7
%$of 7 %
6%' $<
Californi ,a Fresno Californi ,a %
Count y 7 %
or $
$4$$'
the United ?'$%$ %$
States District 7 %
Court for /'$%
the East ern
14
?'" $EE$E "
C
District of California ... "
15
(Defaults 2$'$
B?7$'Outs
tanding +$''
Indebtedness)
16
8
37. :%* has
Tripe l V default ed
'7$ on $
D%@6
the Herd/Fee > <
d Loan to +"<
7$
by failing timel *<the
y pay $
17
bal
ance
on before 4*$"%
or 7 % 30,
Septemb er 8
2017 '
as requir ed %
%Q% $
Fourth
under the -""$
6 %$
Amendm ent.
18
8I
38. :%*has
Triple V default ed
'7$ on $
fer >
D7%
the Hei <failing
Loan by to $"<
7$ timel *<the
y pay $
19
ance
bal on %7 %4*$"%
or before 30,
Septemb er 8
as %Q%
2017 ' %$
require d under Third -""$
the :
%Amendm ent.
20
8(
39. /%
Edwar d
and -*%
April have defa ulte d
57$ on $
> 4$%
the Lone > 'by
Star Loans <failing to *<
7$ pay
21
$
ance
the bal on %before 4*$"%
or
% 30,
Septemb er 8
7 '
201 requir ed <
as %Q% by $
6R
the Fi -""$;
fth Amendm ent.
22
9
40. '
Jose %<have
and Mary default ed
57$ $
:
on the Two 4$%> <
Star Loan $ "<
7to
by failing pay $
the
23
balance
before 4*$"%
or 7 %
on E 8
Septemb er 30, requir ed <
as %Q%
2017 ' 6
$
Fi
by the th -""$
f
Amendm ent
24
9Y
41. /%
Eduardo has default ed
'7$ on
' Guaranty 7$
his &%$< > 4$%
of the Lone > '
Star Loans <7+
by failing to
25
*<$
pay ance
the bal on %before 4*$"%
or 7 % 30,
Septe mb er 8 7.
201
26
9
42. :
" $'
The amount s and
due owing each 7$
on
''
of the loans of 2$ %
as 7 19,
Octo ber (
201
7
27
B!+*%*l
(includi ng principa and $%'$
interest but not +
$ $ including $ 7' %
late fees ""<'
or attorneys 7'
' fees costs) %
and '$'are '
as
28
_
64DE2+
2058
970l v /E+D++TL
17373.01
28
#>1:FOR(
COMPLAINT ! ,0/-D
620) B OF 21:0-:G
BREACH 26CONTRACT ;B
1D
O
,0/-D26
(2) BREACH OF F0+::/1
WRITTEN &-0-1:A;
GUARANTY ;8
(3)
FOREC LOSURE 21
620/>240/ #/0421->PROPERTY
ON PERSONAL #02#/0:A2>>-:/0->G
COLLATERAL ;/:
ETC. 10
1 7 ';
foll
ows:
2 :
D%@6
The Herd/Fee d > ;
Loan: : l [
#%*;
Principa 8I
$2,38
83; .6, (8
I8;%
093 interest: [
accrued $%'$; $26, (I
9G
198.14;
4 :
The Heifer > ;Principal:
D7%Loan: #%*;[ 9(
$5,949,3 89(
9G
49.64 ; "
accru ed $%'$;
interest: [)92;8
(G
$65,32 0. <
daily
M+
5 accrua l 1 [ 9I)
8G
%;
,485
:$.32;
6 > 4$%
Lone > $%$;
Star Line Princip: al ))
(I
G
of Credit: #%*; $2,9
717.2
87;, 1 %$%'$; 8)
I(
9;
accrued interest: $31
8, 90.74;
7 daily %;
<accru: al [)
;
$725.1
7;
8 Lone Star :
> 4$% > ;Pri
Tenn Loan: #%*;
nci
pa
: l [
$110, ; G%
000 interest: 8
9
8G
accrued $%'$; $171, 4.1
3; <
daily
9 : l [
;
%;
accrua $26.70 ;
10 :
Two 4$%> ;#%*;
Star Loan: Principal: [8 98 )(
8G
$3,423,519.63 ; % interest: [9Z
accru ed +$%'$; )(
BG
$41,259.7 0; <
daily
11 "";
accrual: [I
(
$877.
96.
13 B,%
of $%$
(Breach 7 -'$:%*
Contract Against Triple
/% -*%
V, Edward, ?5
Terra
April, David, ?"'
:%%Dimas %<
and Mary Jane)
14 98
43. #$77 to #%%*
'
refer s $
Plaintiff %7%' Para g raphs 1 +
"
throu 8
gh 23 8)$
%
and 35 through 9
42, '5
inclus
ve,i
and
15 < '
by referenc e " %$
such %7% incorporat es
each $ in $
'
allegation *%%*
'
those paragraph as $
s ' 7<
though ful
yl
%
7 %$
herein.
set forth
'$
16 99
44. :
D%@6>
The Herd/Feed Loan
and Heifer > '$$$5
7%Loan const
tute
i id
val and 7 %
enforceab
e l
I 7 %'
contract. s
18 9)
45. :%*
Triple V, /%
Edward , -*%
?5
Apr il, Davi
d, Terra, ?"'
:%%
Dimas, %<
and Mar Jane
5
y have
19 %
breached $
the Herd/Fee d >
D%@6 Loan
and $
fer >
D7%
the Hei Loan <
by 7
failing $ *<the
to pay outstanndi
g principal
$
$'$** and
20 all %
interest
accrued $%'$ on %
or befor e 4*$"%
7 % 8
Septemb er 30, 2017.
21 9
46. Plaintiff has *%7 %"
#$77
' perform ed condition s, 5$'
all $ '
cove nants
, and *""''
promi ses %QN%
requir ed to
$
23 ?7$'
Defenda *% %%
nts prior breach.
24 9
47. -'
As direct *% N"$
a %$ result 7$
and proximate %'$ breach 7
of the %
of $E
D%@E
the Herd/Fee >
d Loan,
25 Pl been "
aintiff has
#"77"' damage d an " $
in amount 'W$to *% E"
subject $ $%
"
proof at trial which " $
but
is N*
amount ' expected $
to
26 N
excee d 4
8IBJ
8
I8
$2,386,
093.83 7
of *%* $ $
%
principal toge $
%
ther with accrued $%'$ as 72$ %
interes t ' E
of October 19, 2017 7
of
27 [B
(I
9
$26,
98.14
1 , $
interest $
with $%'$ to %
continuin g $ 7% "
accrue from af ter 2$%
and 7$% October 9, B
1EE 2017 until the $
$$
date
28 W"$ s $%
jud gme nt i'
%$
entered herein at $
rate D4U4+
the %$ *%<
of $595.7 1 per day.
4LF+
2058
970vl I +1:DD/1
17373.0
28 1
E
11 + +
2#>-+1:
COMP
NT
LAI 620(1) ,0/-D
FOR B+ OF 21:0-:G
BREACH 26 (2) ,0/-D
CONTRACT ; B OF F0+:+E/F:-0-1F;
BREACH %WRITTEN GUARANTY ; B8
(3)
620/>240/
FORECLOSU RE 1#/0421->PROP
ON PERSONAL #02#/0:A
ERTY 2>>-+E/0->G/:
COLLATERAL; ETC. 11
1 9I
48. -'
As direct
a %$ and *% N"$ %'$ 7
proximat e result of $
%
7
the breach of the D7%>
Heifer Loan , #$77
Plaintiff
2
+ has "
'been damaged in an " $
amount 'W$
subject $ *" 7$
to proof trial $
at $%
" $
but which is N*$
amount ' to N
expected $ exceed
4 $
$%'$
with interest $to %
continuing $ 7% "
accrue from after 2$ %
and 7$%
Octob er 19, 2017 until
$ the date W"$
$
$jud gment '
is
5 $%
entered herein at $
%$ %$7[
the rate of348
2, $5.1 + 9I)8per
*%<
day.
6 4/21?CAUSE 26
SECOND -4/OF -:+21
ACTION
7 B,%
(Breach of Contract -'$
7 $%$ /%
Against Edward and -*%
April)
8 9(
49. aintiff refers to #%%*
'
#$77%7%'$
Pl Paragraph s 1 $
%
throu gh 18
24-28, 8)
3, 9=I and 35 9
42, inclusi ve,
'5
and
( <'
9 by such reference incorporat es
%7% %* %$'each $
allegat
oni $
'
in *%%*
'
those paragraph as $
$
s ' 6<'$
thought fully 7 %$
set forth
1
%
O herein.
Y
11 )
50. :
> 4$%
The Loan > '
Star Loans '$$$ 5
constitut e valid and 7 %
enforc eable $%$'
contract. s
12 )
51. /%
Edward April
5
and -*% have %
breached the > 4$%
$
Loan > '<
Star Loans by 7 to *<
failin g $ "
pay the
+9
14 )
52. #$77has
Plaintiff *%7 "
'perform de covenant, s
condition, s 5$'
all $ '
*% "''
and promi %Q%
ses requir ed to
+
16 /%
Edward -*%'
and April
s ' prior %
*% %breach.
+
17 )8E
53. -'a%$
As direct *% N"$
and proxima
et %'
resul
t 7/%
of Edward and -*%'
April
s' breach of the >
%
7!
Lone
18 4$%>7%`$
Star Line Plaintiff has
of Credit , #$:"' been B"
damaged in an " $
amount 'W
subject $ *% E$
to proof trial $
at $%
but which
19 " $
amount is' N*$
expected $ exceed )(I8Y
to N $2,
7.21
987,
71 *%*
together $
of principal, $ $
%with % as 7
$%'$'
accrued interest of
21
2017 until the $
$ $
W"$
date jud is $%
gment '
%
entered herein $
"
at the rate 74)
7 *%
of $725.1 per <
day.
22 )9
54. -'
As direct
a %$ *"N"$
and prox
ima
et %'$
resul
t E/%
of Edward and April's %
7$
-*%'breach >
of the Lone
23 4$%:%">
Star Term Loan ,Plaintiff
#$ME
' been "
has damaged in ""
an 'W$ to
amount subject *% 7=$
$ proof at $%
trial but
$whic
h
25 7[
(
2017
19, $
interest
of $171,3,14.9
8 with $%'$ $ to %
continuin g $ 7% "
accrue from after 2$ %
and 7$% (
October 19, $$
2017 until the
26 date W"$
$ is $%
judgment '
%$
entered herein at $
rate 7
the %$ [
of $26. 70 *%
per <
day.
27 THIRD -4/
:D+0?CAUSE 26-:+21
OF ACTION
28 B,%
of $%$
(Breac h 7Contract -'$Jose
Against 'and %<
Mary)
"12
aE@J I ++
2058970vl E
28 B++1
17373.01 J
2
2#>-+1:
COMPLAINT 620(I) ,0/-D
FOR B+; OF 21:0-:G
BREACH %CONTRACT; (2) ,0/-D
B BREACH : WRITTEN &-.-1E+EAG
OF JE0E:M1 GUARANTY ; (3)
620/>240/
FORECLOSU RE 21
ON #/0421->#02#/0:A
PERSONAL PROPERTY BE2>>-:/0->;
COLLATERAL ; >:
ETC.
1 ))
55. ntiff %7%'
#$77
Plai refers $ #%%*
'
to Paragraph $
%
s +1 throu gh 8E (=88
13, 29-33 and 8)=9
inclusi ,
35-42, '5
ve and
2 <'
by such reference porat es
%* %$'
%7%incor each $ $
'
allegation in *%%*
'
those para as $
$
graph s ' fully '$
thought 7< 7 %$
set forth
!
3
%
herein.
4 )
56. :
:
The Two 4$%> '$$$'
Star Loan constitut es 5
a valid and 7 %
enfor cea ble $%$
contrac t.
5 )
57. Jose
' %<
5
and Mary have %
$
:
breac hed the Two 4$%> by
Star Loan <failing $ *<
7to $
pay the
6 $'$
outstandi
ng l
**
principa all %
and interest
accrued $%'$ on %7 %4*$"%
or before 30,
September 8 2017.
7 )I
58. Plaintiff has *%7
#$77
' all $ '
perform ed condi
tions, covenant, s
5$'
*% "''
and promi %Q%
ses requir ed to
$
8 *%7""
be perf in $
ormed connect
on i $
the
with : 4$%
$
Two > N*$
Star Loan for $
'
exce pt 7 % $
$
5
those that N'
have been excused <
by
9 'and %<E'
Jose Mary'
s *% %%
prior breac h.
10 )(
59. -'
As direct *% N"$
a %$ t 7 '
and proximate %'$
resul of Jose %<'
and Mary'
s breach of the :
%
7
Two 4$%
Star
11 >
Pl
Loan, aintiff
'
#$77 "
has been damaged in an " $
amount 'W$ *% 7$$%
$ proof
subject to at trial $
" $
but which amount is'
12 N*$$ N
expected to excee d )8
98
)
8
$3,423,
9.63
51 *%*
of princip r $
$ $
%
, al togethe with % as 7
$%'$ '
accrued interest of 2$ %
October 19,
(
13
2017 49
)(
of $41,
259.
70, $
interest $
th $%'$
wi $ %
continuin g to 7% "
acc rue from after 2$ %
and % E
October 19, 2017 "
until $
the
date W"$
14 $judgment is' $%
%
entered herei
n at $
$ rate 8I
(
the %$ *%<
of $877 .96 per day.
15 620:D-4/26
FOURTH CAUSE OF -:+21
ACTION
16 B,%
(Breach 7the &%E<
of $
Guaranty -'$
Agains /%
t Eduardo)
17
60. #"77
aintiff %7%'$
Pl refers to Paragra ph s 1 $
%
#%%*
' 9=I
throu gh 13,+8 24-28,
+ and 8)=9
35-42 ,'5
inclus
ve,i
and
18 <'
by %7%
such referen %*"$'
ce incorporat
es
each $
allegation in $
'*%%*
'
those as $
K
paragra ph s 'thought 7<set 7 %$
fully '$ forth
19
%
herein.
20
61. :
Lone
The > 4%> '%
Star Loans are %$
guara ntee d </%
rdo
by Edua his &%$<
and
'Guaranty
21 '$$$' a 5
constitut es 7 %
valid and enforcea
e bl $%$
contrac t.
22
62. /%
Edua has %
rdo
' $
&%$<
breached the Guara nty <
'7%
by his failur e to *< E$
+ pay > 4$%
off the Loan Star
23 > 7
Line Credit
of %$ > 4$%
$
Loan
and the :%"Loan.
Star Term >
24 8
63. aintiff has *%7 %"
ME
'
Pl performed conditi ,ons 5$'
all $ ' covenants
, *%""''%Q%
and promises requir ed to
25 be *%7 %"
perfor in $
med connect
on i $
the &%$<
with $
Guaranty N*$ $
'$
$
7 %those
exce pt for
5been
that have N'<
excused by
26 /% E'E
Eduardo
s' ' %
breach.
27 64.
B9
-' direct *% N"$
a %$
As %'$ 7
and proximate result /% E'
of Edua
s rdo' 7%
fai
ure
l *<$
$ pay
to > 4%
the Lone Star
28 > E%$
Line of Credit, Pl
'
aintiff has "
been dama ged an " "
in amount 4,+ "proof
subject to *% 7$
at trial
"%
$which
$% but amount
2058970vl / +:D
RLE$=E 28 1 Z
17373.0
SK 138
2#>-+1:
COMPLAI
NT FOR ,0/-D
6B0(I) BRE
$ OF 21:0-:;
ACH 26
(2) ,0/-D
CONTRA CT; B+ WRITTEN &-0-1:A;
OF F0+::/1
BREACH 26 GUARANTY; B8
(3)
606D4+0/
FORECLOSUR E21 ONAL #02#/0:A
#/0421->
ON PERS PROPERTY 2>>-:/0->G
COLLATERAL ; /:
ETC. 13
8
is N*$
' to N
expected $ excee d [
(I
$2,987, 717 .2
1 7*%*
of prin cipal
, togeth er $
%
$ $
% with accrued interest as 72$ %
$%'$' +(
of October 19,
3 $W$ is $%
date jud gment '
%$
enter ed herein at $
%$ $[)
the rate of $725
71 . *%
per <
day.
4 )
65. -'
As direc t
a %$ *% N"$
and proximat result 7
e %'$ /% '
of Eduardo
s ' 7%
failur e $ *<$
to pay > 4$%
the Lone Star
5 :%">
Term Loan
, Plaintiff been "
has
#$77
' damage d an " $
in amount 'W$
subject $ *% 7$
to proof at $%
trial but which " $
$
amount '
is
6 N*$
expected to N
+
7
[000
excee d $110, of *%*
prin cipa
, l with %
toge th er $
$ $
% as E2$ %
interest '
accrued $%'$ (
of October 19, 2017 7
of
7 3, 9
8 $
$17,1 4.1
4G
+ t $
$%'$
with interes to %
continuin g $ from
accrue 7% " after 2$ %
and 7$%October 2017until
( BZ
19, $$
$
the date
8 W"$ is %
jud gm ent ' entered
%at $
herein $ rate 7[B
B
the % *%<
of $26.70 per day.
9 6+6:DCAUSE 26
FIFTH -4/OF -:+21
ACTION
B/7 %"$
l O •(Enforc
mene t 7Security -%"$';
of 4%$<Agreements: closure
6 % '%
Fore #%'
on Pers #% *%$<
onal Property %
Collateral -'$
Again
ts
12
66. #$77%7%'
Plaintiff #%%*
'
$ Paragrap
refers to hs 1 $
%
throu gh )
+ '5
65, inclus
ve,i <'
and by such %7%
reference
13 es
%* %$'
incorporat each $
allega tion in
those *%%*
'
$
'parag as $
$
raph s ' set f7
7<'$
thou ght fully orth
%
herein.
14 67.
B
E%* ' $ '
Tr iple V's %$
obligation s under D%@6
the Herd/Fee > %
d Loan are '% <$
$
secur ed by that %$
certain
15 Securit y -%"$
4%$< Agr ee ment $1 5"%
dated Nove (
mb er 19, (the CD%@6
2012 B$
Securit y -%"$C
"Herd/ Fee d 4%$<
Agree ment"), which
17 products,
*% $'
lives tock %
includin g 5'$ ! born % %
or unborn suppli es
, '**' and % *'
crops. A-$%
true
and %%$ copy 6$
correc t *<of the
18 D7%
fer 4%
Hei -%"$
Securit y<Ag is $$
r eement '
%$ '
attac hed hereto /N
$C.C
as Exhibit "K"
and %* %$
%<
incorporat ed herein by $
'
this
19 %%
referen Bank's '"<
ce. ,!' '*%7$
$%'$ was
securit y interest <$
perfec etd by R
the filin g E
$ certain =
of that %" UCC- 1 1 5"%
on Nove mber
20 >S
26, 2012 '
as 6
File No. 88(((K
1
127339
799 111. -+%
A true
and %%$ copy 7
corr ect *<of $
' ]=
this UCC is $$
-1 '
%$
o '
attached heret as
21 /N
$C>C
Exhibit "L"
and ' %* %$
is incorpo raed here in <
t
% $
'%7%
by this reference.
22 68.
BI Triple E'
:%*V's $ '
obligati
ons %the
under D7%
$
Hei > %
fer Loan secured <
are '% that "
by $
$ certain
23 Securit y -%"$
4%$< Agree ment $?"%
dated Dece +8 B(the
O, 2013
mb er 1
CD7%
fer 4%$<
"Hei Agr eement") ,
Security -%"$C
*% 5'
which provides
24 $
$
that the D7%
$
Hei > is' '%
fer Loan <
"
secur ed by, among $
%
other $
'
all $'
thin gs, account, s 5$ %<
7%"*% $'
inventory, farm product,s
25
includin livestock %
g5'$ ! born % %
or unb supplies
orn , '**'and % *'
crops. A-$%
true correct *<
and %%$ copy
D7%
of the Hei
fer
26 Securit y -%""
4%$< Ag ree ment ' attac hed
%$
is $$
hereto ' Exhibit CC
as /N
$ "M"
and %* %$ herein <
incorporated
% $
'%7%
by this reference.
27 ,!'
Bank'
s '%$<
security $%'$ F'perfec
interes t was *%7$
t <
ed $
R
by the filing B7
"
of that %$ H
certa in UCC- on 1 5"%
1 Nove mb er "
26, 201
2
28 ' 6
as Fi 1
88
le No. I 27339 1 ,EK + '%
79911 descr
bed
i 5 :
Herd
above . The D%@6 Secur ity -%"$
/ Feed 4%$< Agree ment
and $
D7%
the Hei
fer
)""
205
8970v I / 1728""""
373.01 14
9
2#>-+1:
COMPLA 620
NTI FOR( ! ,0/-D
)
B OF 21:0-:G
BREACH 26 (2) BREACH 26
CONTRACT ; BY,0/-++ WRITTEN &-0-1:A;
OF F0+::/1GUARANTY ;B8
(3)
20/>240/21
FORECLOSURE #/0421->#02#/0:A
ON PERSONAL PROPERTY 2>>@J:/0->G
COLLAT ERAL; /:
ETC. 14
9
1 4%< -%"$%
Securit y Agreement collectivye l %7
are $5< $ '
ref erred to the C:%*
as $
"Tripl
e V 4%$< -%"$'
C
Securit y Agree ment "s.
2 69.
B(
:%*
Triple V $'*%$%'
and its
5%
partners have breac hed $
D%@6
the Herd/Fee >
d Loan $
D7%
and the Heifer
3 > '
Loan as *%5 '<
alleged previou
y. ls
4
70. :
The *%' *% *%$<
personal prop erty $%
collateral is'danger 7
in %of
being "$%<
materially W%
injur ed in
5
;
that e l
:%*
" Trip V has and '
indicat ed
'$ shown "K they
that $
<
5$
$have
do not the 7'
funds $ *% *%<
to properl "$
y manage the
6 $%
collateral.
Securit
J
7 Y
71. #%'$
Pur suant $ the :%*
to $
Tripl
e V 4%$< -%"$'
y Ag reem ents #$77
'
ntiff has $
, Plai %
$$
the right to
8 ""$
imm edia possess ion
et * '''' of the *%' *% *%$<
personal property $% the
collaet ral and $
% %'*
records pertainin thereto. 4
g $
%$
Such
9 %"'%
remedies are ''$$
cons
stent
i $
#$77'%Q'
with Pl 7 %
aintiffs request for %5%
a rece
i , who
ver in $
the $% course 7
natura l %'of %%<
carrying
1O $ s %
'
out hi or her duties
%$'woul *% $$
d prot ect #$777% "furt
Plaintiff from 7%$
% W%<
her injur while "!
y
making that :%*
certain $
$
Triple V
11 $'*%$%'
and its %5
partners rece
vei %$
credit $
$
to which it they "
$
and $
< entit
might be $$
edl. It that a %5%
critical $
$
is %$
+$ ' recei
ver be
12 ** $
appoint ed $$
'$"
at this time $ "%'
to mars safegua
hal and '7%
rd $
*%'
the per sonal *% *%$< collateral
prop erty $%
Pl
in which #$77
aintiff
13 holds
'a '%$<
securit y $%'$
interest $ the %"
realize $
to % rema
ni
ngi *% '
procee ds $
% 7
and
thereof , do s ''%<
$'
all act $
necessary to
*% $$$
14 prot personal *% *<
ect the *%' proper
ty $%
collateral.
15
72. Pl
antiff
i has
#$77
' no '*<
speedy %adequate %"<
or Q$remedy $
at law and wi
suff er %%*%
ll '77% irreparabl
e
16 "
damage , W%<
injury
%"unl
and harm ''**% *%$
ess appropri tea Q$
equita
e bl is %$
%7'
relief grant ed.
17 4+L:DCAUSE 26
SIXTH -4/ -:+21
OF ACTION
18 B/7 %"$
(Enforce
mnt
e 7
of 4%$<-%"$';Foreclos
Security Agreements: 6 % '%
ure #%'
on Per
os nal #% *%$<
ty $%
Proper Collateral -'$
Against
19 /%
Edwar d April
and -*% > 4$%
dba Loan ?%<
Star Dairy)
20 8
73. #$77%7%'
Pl #%%*
'
$ Paragra
aintiff refe rs to ph s 1 $
%
throu gh )
'5
65, inclus
vei , by '
and <such $7%
reference
21 incorporaest
%* %$'each
allegation
in those *%%*
'
$
'paragra as $
$
phs ' 7<'$
thought fully 7
herein.
set forth
%
22 9
74. /%
Edwar d
and -*%'
April' s $ '
obligations %the
under > 4$%
$
Lone > %
Star Loan are '%
secured <
by
23 that %$
$
$ Securty i -%"$
certan i 4%$< Agreement $ <
6, B8
dated May 1
(the C>
2013 B$
Secur ity -%"$C
Star 4%$<
"Loan 4$;
Agreemen, t") which
24 *% 5'
prov
ides that > 4$%
the Loan > '
Star Loan is '% <
"
secur ed by, among
%
other $
'
all $'
things, 7%"
5$ %<, farm
account, s inventory
25 *%$N
product
,s
includin g 5'$ ! % %
livestock born or unborn, supplies
%
'**'and %*'
crops. A-$"
true
and %%$ copy
correct *< of the
26 4"M
Lone Securit y -%"$
Star 4%$< Ag reeme nt ' $$
is attac
%$ '
hed hereto /N
$
as Exh biit C:C
"T" %*%
and incorporat
ed herein <this
%by $
'
27 %7%
refere ,!''%$<
nce. Bank's interest '
security $%'$ *%7$
was perfec
edt <$
by filing 7
the R that %$
of
EXY
certain UCC- 1 ?"%
on December
28 K ]
12, Z 2 as
201 ? "$
'Docum ent No. =89()I
7340995 787
1 12- %
8
and on March 8
30, 201
2 ' ? "$
as Docume 1
12-H
nt No.
1 / Z8DI
"
T4LE
=
2oss 907v 1728
373.10 15)
B:2-+1+
COMPLAI
NT FOR (I) BREACH OF 21:0-//
+XCB80B,0G-N
"""'"; 21
CONTRACT; B
#/0421->
,0/-D %
(2) BREACH F0+::/1
OF WRI
TTEN &-0-1:AG
GUARANTY ; (3) "
FOREC LOS
URE ON PERS
ONAL PROPE RTY5BE2>>-:/0->
#02#0M COLLATERAL ; /:
ETC. 15
)
1 7306776190 . :%
8(
True coITect *'
and %%$copies 7$
' H'
of these UCC-l' are $$
s %
%$ '
attach ed hereto Exhibit C^
as /N
$"U"
and
2 %* %$
incorporat ed herein <this
%by $
'%7%
refer enc e.
3
>>
)
75. /%
Edward
and Apri l
5
-*% %
have breach the >
ed $
Lone 4$%> '
Star Loan as *%5 '<
alleged previou
y. l s
4 E
76. The *%' *% *%$<
:pers
onal property $%
collatera l ' in % 7
is mater
danger of being "$%<
allyi iW
njur%
ed
in
5
+
that /%
$
$Edward -*%]
and Apri l have and '
indicat ed
5$ shown $
$they
that $
< not
5
do $ +
7'
have the funds to *% *%<
$ propyerl
6 " $
%
man ag ethe collateral.
7 E
77. #%'$
Pur suant to the >
$ $
Star 4%$<
Lone 4$% -%"$
Security Agreem ent,Plaintiff
#$77
' %"to
$
right
has the $
8 ""$
I imm ediat e * ''''
possess ion B7$
of the personal *% *< $%
*%' property collat era l
and $
% %'
the record *%$
s pertainin $
%$
4
gthereto. Such
9 %"'
rem edies % ''$$
are cons
steint $
Pl
with #$77s %Q'$
aintiff ) reque ts 7 % ve r ,
%5%
for a recei $
who in $% %'
the natural cours e 7%%<
of carrying
1
O
' %
%
out his duties
or her $' *% $$
would prot #$777% "
ect Plaintiff 6
%W%<
from further e "!
injur y whil makin g
certain $
$ >
that Lone
4%%5'
Star
11 receives %$
credit $
to which $
it might $$
"
$be entitl ed. It
+$ is critica l that
' %$ receiver
a %5%
$
$ be ** $ at $
'
appoint ed $ this
12 $"
tim e $
to mar s a l
"%'
h and '7%
safeguard the *%' *% *%$<
$
persona l prop erty $%
collatera l in #$77
'
aintiff hold s
which Pl '%<
a securit y
interest $
138 $%'$to realize the %"
%$
*% '
remainin g procee ds $
% 7
and
thereof , do acts ''%<
all $' to *% $$
necessary $ $
*%'
prot ect the persona l
14 *% *<
+9 prop erty $%
collateral.
15 I
78. #$77
Pl
ainti
ff
'
has no '*< adequat e %"<
or Q$
speedy % remed y $ law
at and will suff er %%*%
'77% irreparable
"
16 y
W%<
dama ge , injur
%"unl
and harm ess **% *%$
''appropriat eQ$%7
equitab is %$
e l relief ' grant ed.
17 4//1:DCAUSE 26
SEVENTH -4/OF -:+21
ACTION
18 B/7 %"$
(Enforcement 7Security -%"$';
of 4%$< 6 % '%
Agreements: , Foreclosure #%' Propert
on Personal #% *%$<
y $%-'$
Collateral Agains
t
19 Jose
'and Mary dba :
%<
Two 4$%?%<
Star Dairy)
20 (
79. #$77%7%'
Plaintiff #%%*
'
$ Para
refers to graph s1 $
%
throu gh )
65, inclu isve,
>4E <'
and by such %7%
reference
21 t
%* %$'
incorporaes each $
allegation $
'*%%*
'
in those para gra ph s'$
$
as thou 6<'$
ght fully
%
7 %$
herein.
set forth
22 I
80. '
Jose %<'
and Mary'
s $ ' %the
obligation s under : 4$%
$
Two Star > are '%
Loan % <that
secured by $
$
24 *% 5'$
$
provides the :
that $
Two 4$% > is' '%
Star Loan <
"
secur ed by, amon g $
%
other $
'
thin gs, account, s 5"%<E
all $'
7%"
inventor y, fa 1111
25 *% $'
produ +
cts, includin livestock %
g 5'$ ! or %
born suppli es
unborn , '**' and % *'
crops. A-$%
true correct *<
and %%$copy 7$
of the
26 >4%
Lone Star 4%$< -%""
Securit y Agree is $$
ment '
%$ '
attached hereto /N
$C--C
as Exhibit "AA"
and %* %$
%
incorpo rated herein <
by this
$
'
27 . ,!'
%7M%
reference Bank' s '%$< 'perfec
%' was
securit y interest *%7$
ted <
by the R
$
filin g 7that "
of $
$ E=
certa in UCC- 1 %
I,+
on March
28 Y '
2011+ ?""
as Docum 1
11-9)
ent No. 7262060065. -true
A %%$
+;and copies 7$
correc t *' EE
of that UCC- 1 is'
attached
0v I / D""N
;'N" 16
"
205897 1728
373.01
2#>-+1:
COMPLAJ NT 60B
FOR ,0/-D
(I) BREAC
OF 21:0-:;
H 26 CONTRACT; B ,0/-D%
(2) BREACH OF F0++ED1
WRJTTEN BD-0-1:A;
GUARANTY; (3)
6B0/>E+c
B
40/21
FORECLOSURE #/0421->PROP
ON PERSONAL #02#/0:A
ERTY 2>>-+
COLLAT >0->G 6;
ERAL ; ETC. 16
1
%$
hereto ' /N
$C,,C
as Exhibit and " %$
"BB"
%<
incorpo ra ted herein this %7%
by $
'refer ence.
2
+N
I
81.
Jose
' %<
5
and Mary %
have breac $
:
hed the Two 4$%>'
Star Loan as
alleged *%5 '<
previ
ous
y.l
3 I
82. :
*%'
The personal *% *%$<
prop erty $% in %
collatera l is' of being ""%<
danger 7
materiayll W%
injur ed in
4 >
that $
$
$ Jose
the ' %<
and Mar y
5 and '
indicaetd
have $ shown $
$they
that $
<
5
do not have $
7'
the funds to *% *%<
properly
5 "
manage E
the $%
collateral.
6 I8
83. #%'$
Pur to $
suant $ : 4$%
the Two Securit y-%"$
Star 4%$< #$77
Ag r ee ment, Pl
aintiff
'
has $
right $
the %
$ to
J+2
7 . ""$
imm ediate possess ion 7
* '''' $
*%' *% *%$<
of the collateral
person al prop erty $% the % %'
and $
* thereto. 4
inin g $
%$
records perta Such
8 %"'
remedies % ''$$
are cons
steint $
#$77E'
with Plaintiff s request 7 %
%Q'$for receiver ,
a %5%
in $
who the % cour se 7%%<
natural %' of carrying
9 $
out his or
%
' % duties
her $' d *% $$
woul ff 7% "
#$77
prot ect Plainti from 7%$
%
furth er W%< e "!
injur y
whil making %$
certain $
$ $
'
that the Jose
1O %<
and Mar y %5
i %$
receve to
credit $ which $
<might
they "
$be "$
entited.l It+ '
is %$ that
critical $
$ recei be ** $
ve r
a %5% appoint ed
11 C $"$
$
'time
at this marshal
to "%'
and '7%
safegua rd $
*%'
the perso *% *%$<
nal prop ert y $% in
collatera l which #$77
Plaint
ffi
'
holds
a
12 '%$<
securit y $%' to %
interest $ $
%"
realize the remainin g *% '
procee ds $
% 7 and
thereof , acts ''%<
all $'
do necessa ry + *% $$
to prot $
ec t the
13 *%'
onal *% *%<
pers property $%
collateral.
14 I9
84. aintiff
'
#$77
Pl '*<
has no speedy %adequate %"<
or Q$ at
remedy ;K law and suffer %%*%
will '77% irreparab
e l
15 "
W%<
damage, injury
%"unless
and harm ''**% *%"
appropri ate Q$ relief is %$
equit able %$' granted.
18 +$'#%$%'
and Its Partners)
19 I)
85. #$77%7%'
Pl #%%*
'
$ Paragra
aintiff refe rs to phs 1 $
%
through 8 35-42 ,999I
23, 8)9 44-48 ,
and H
67-72,
20 si ,
'5
incluve by '
and <such reference incorpora tes
%7% %* %$' each $
allega tion those *%%*
'
in $
' as $
K
paragra phs 'thought fully
7<
21 set 7 %$
%
'$ forth herein.
22 I
86. :
:%*
The 4%$<
Tr iple V Securi ty -%"$'
Agree ment s *% 5
prov ide $
$ * 7$
that upon defau #$77
,t l Plaint
ffi '
shall
23
5
have
all the rights 7
$
%
$'of a '%
secur ed *%$<%$
party under the 7 % form ""%
7 %"
California Uni Comm
al erci
Code
and '
also
that
25 of collateral $
7$% with $
* %$
the power sell $
to ' the $%
collateral
and **<
appl *% '
y procee to $
ds $ indebtedness
the $''and $
to
26 "the
!'
manage $
books records 7%*
and % %'of Tripl
e GB
V; (b) %Q%
requirin g %*
Tri
pl
e $
V to ''"
e l
assemb and 5%
deliver the
27 $%" #"
collatera l to Pl +
aintiff , includin %$
g rel
ate d $$ instrum ents
title '$%"$' that #$77
and $
Planti
i ff "<$%
may enter *
upon :%*
Tripl
e
2 %5'
!
7% "$
revenu es from collateral $
the $% apply $ %
to **<toward $
$''
the indebtedness.
3 I
87. :
Triple
The :R*+ Securit y -%"$'
V 4%$< also N*%''<
Ag reements ' expr essl
y *% 5 Tripl e
that :%*
provide $
$ V
4 C
%<
"hereby '$'to $
consents $ appointm ent E'
the ** $"$ ver
of such a%5%
recei and %'not ** '
agrees $ any '
oppose <such
5 ** $"$
C
appointm ent."
6 II
88. There is'
:
% no Q$
adequaet %"<
remed at l
y to 7 %
aw $ enforce $
*% 5' '
the provi
sions 7$
:%*
of the Tripl e
7 4%$<
V Securit y -%"$'
Agree ments
and it '''%<
$ is necessa yr $
$ %5%
that arecei be ** $
ver
appointed $ possession
take * ''''
to $! and
8 char ge 7
% of $
*%' property
the personal collateral
*% *< $% to '%5
and $ and "
conserve manage $ *the
it pending $
'%$
sale under the
( s 7$
$%"'
9 term of the :%*4%$<
Triple V Security -%"$'
Agreements
, to $
and $ any
collect < all '
and such rents revenue, "
%$', %5 income,
O
1D and $
%R$'$
% 7
other benefits *
thereof pendin g '
sale.
11
Y I(
89. ''
Unless a %5%is ** $
receiver ' appointed <this %$
by $
' to $!
Cour t $ * ''''
take possess of , %
on i 7
care for,
7%
13 :
*%'
The *% *%$<
personal pr operty $% is
collateral ' danger 7
in % of being "$%<
materially W%
injur ed.
14 (
90. - %<
Acco rdin #"%Q''
y, gl Pl
aintiff requests $
$ this %$
that $
' Cour t ** $
appoint ver *%'"
a %5%
recei pur suant $
to
15 $
:%*
the 4%$<
Tripl e V Securit y -%"$'
Agreements
,
Code 5 #% %
of Civil Procedur e '$ '
secti
ons )9
564, $
seq.,
et. 'Q
the ''
and $
usages
$EQ<
16 of equit y,$ on i
* ''''
$!possess
to take and $% of , '%5
control 7
"
conserve , manage , '%
maintain
secur e, "$ ect $
*% $$
and prot the
I
7 personal *% *<
*%' property $%
collateral
, $
to do acts ''%<
all $' necessa yr $ ect $
*% $$
to prot the ' collateral
said $% and *%'%5
prese rve
19
E NINTH CAUSE 26
1+1:D-4/OF -:+21
ACT ION
20 (Specific #%7 %"
B4*R a c e 7
Perform n of 4%$< -%"$G
Securi ty Agreeme
nt; -** $"$
Appointm nt of 05%
e 7 Recever
i -'$
Aga /%
inst Edward
21
H April
and -*% > 4$%
dba Lone ?%<
Star Dairy)
22
Y
91. #$77%7%'
Pl
antiff
i refers + #%%*
'
to Paragra phs 1 through
Y 13, 9=I
$
%
8E 35-42, 50-54,
24-28, 8)=9
)H)9
and 9=I
74-78,
23
? '5
inclus
ve,
i by '
and <such %%
reference incorporaest
%* %$'each $
allegation in $
'
*%%*
'
those paragra as +"
phs 'thought full
y
7<
24
CG+
set 7 %$
%
'$ forth herein.
25 92.
B
:
> 4$%
The Lone Securit y -%"$
Star 4%$< *% 5'
Agree ment prov
des
i $
$ * 7$
that upon default, #$77
Plaintiff
26 '
5
shall have all E
%
$'E
the rights of a '% *%$<under
secur ed party "
%the 7 %7 %" ""%
California Uniform Commealrci
Code
and
27 '
also that additional %"'
$ include, $
$
remedies
without "$$ ;
limitaon
ti:
5;
(a) having
B %5%
a rece ver
i ** $
appointed $ $!
to take
28 *"'''
possess
on i $M"% F$
$
of collateral with * %+
the power sell $
to ' collateral
the $% y *% '
**<
and appl to $
proceeds $
$''
the indebtedness
)""Yl /
8
2058970v E
17373.0
28 1 1I
8
2#>-+1:
COMPLA NTI FOR (1) ,0/-D
620B OF B1K
BREACH B; 0-+;
CONTRACT ; B P'!@dD
(2) BREA OF 06R'-0@%5G
CH %
WRITTEN GUARANTY ; (3)
620/>240/B1
FORECLOSURE ON #/0421->
PERSONAL PROPERTY#02#/0:A2>>-E%/0->G
COLLATERAL ; ETC. 18
8
1 $ "
and to manage the !'
$
books records 7
and % %' /%
of Edwar d -*%GB
and April; %Q%
(b) requirin /%
g Edward -*%to
and April $
2
BJ
''"
assembl e and 5%
deliver $
the $% $ Plaintiff
collaet ral to #$77
, includin g %$
related title '$""$'
$$ instrum ents $
$#$77
and that Plaintiff
3 "<enter *
may $% /%
upon Edwar d -*%E'
and April' *% *%$<$
s property to take * ''''
$!possess and %" 5
ion remove $%G
collateral
; $!
(c) take
B
4 charge
% on 7
* ''''
and possessi ock
5'$ !
of livest re $
"
*%*%
and prepa 7 %*
them for publi c %
or *%5$sale;
private 'G (d) $
%'
and BB otherwi
se
5 ve *<"$'
%5
recei payments
, %$'
rents, income,
"
and revenues RE "$
%5'from the $% to **<
collat eral $ $ %the
apply toward $
6 $''E
indebte
dness.
7 (8
93. :
> 4$%
The Lone Star 4%$< -%"$
Securit y Agree also N*%''<
ment ' expr essl
y *% 5$
$
provide /%
that Edward and
8 -*% C
%<
April "hereby '' the ** $"$
+ $
consents to appointmnt
e 7'
ver
%5%
of such arecei and %not ** '
agree $ any '
oppose <such
9 **"$
C
appointm"etn.
+2
10 (9
94. There is'
% no Q
adequaet %"<at
remedy $ $ 7 %
law to enfor ce $
*% 5' '
the provi
ons
si 7
of $
>
the Lone
11 4$%
Star Securit y -
4%$< %"$
Agree mtne
and $ is ''%<
it ' that
necessary $
$ %5%
a recei ** $
ve r be to $!
appoint ed $ * ''''
take possession and
12 charge 7
%of $
*%'
the person
la *% *%$< $%
property collateral to '
and $ and "
conserve manage $ *the
it pending $
'%$
sale under the
13 terms 7
$%"'of $
> 4$%
the Lone Star 4%$< -%"$
Securit y Ag reement, to $
and $ any
collect < all '
and such %$' revenue, "
rents, %5
income,
14 other R$'
and $
% *
$
%Ependin
benefits thereof g '
sale.
15 ()
95. ''
Unl a %5%
ess recei is ** $
ve r ' appointed <this %$
by $
' $ $!
Court to * '''' 7
take possession of, %
care for,
7 %
18 (
96. - %<
dingl Pl
Accory, #$77%Q'$'
aintiff request $
'
$
$this
s that Court ** $
appoint %5%
a recei *%'$
ver purs $
uant to
19 $
>4$%
the Lone Star 4%$<-%"$
Security Agreement,
Code 5 #% %
of Civil Procedur sections )9
e '$ '564, $
et. 'Q
seq.
, $
''
and the usages
21 *%'
persona *% *%$< $%
l property coll,ateral to do
B acts ''%<
all $'necessary to *% $$
$ prot $
'
ect the collaet ral
said "% and *%'%5
preserve
22 Plaintiffs rights $
%
#$77E'%
$'therein.
23 :/1:D
TENTH -4/
CAUSE 26-:+21
OF ACTION
25
and Mary dba :
%< 4$%Dairy)
Two Star ?%<
26 (
97. +M+"77%%'
Pl
aintiff $ #%%*
'
refers to Paragrap hs 1 through 13, (=88
$
%
+8 35-42, 56-59,
29-33, 8)=9
)=)
and 0$>L.>
80-84,
27 '5
inclus
ve,
i
and by '
%7%
<such reference incorporaest
%* %$'each $
allegation $
'
in *%%*
';)
those paragraphs as $
$
thought full
y
7<
28 '$ 7 %$
%
set forth herein.
N" D"
28 1 %; 19
(
" 19
205897
0vl / 17373.0
B2@#M+1+ +!BG ,0>-D
OF 21:0-:;
(1) BREACH % ,0/-D
H % TT EN &-0-1:A;
F0++M+M=E1
2>>-+MD0-+
COMPL NTAI FOR CONTR ACT; B
(2) BREAC OF WRI GUARANTY; (3)
""'EG
FORECLO
+ UR
S E 21#/0421->
ON PERS
ONAL #02#/0
PROPERTY COLLATERAL ; 6:.
ETC G (
(I
98. The :
:
Two 4$%Securit y -%"$'
Star 4%$< Ag r ee ments *% 5
provide $
$* 7$
that upon default , Plaintiff
#$77'
shall
2
5all $
have rights E
the %
$'of a '%
secur ed *%$<%
party und er $
the 7 % 7 %" ""%
Californi a Uniform Comm erci
al
Code
and '
also $
$
that
3 $
additi onal %"'includ e, $
$
remedies "$$ ;
without limit ation: (a)
5
B; having ve r ** $
a %5%
recei appoint ed $ take * ''''
to $!possess ion
4 7
of $%
collateral $
with $
* %
the powe r $ sell $
to ' collatera l
the $% and **<*% '
apply procee ds $ indebtedness
the $''
to $
and
to
5
E
"$
manage !'
the books records 7
and % %' Jose
of ' %<;B
and Mary; Jose
requirin g '
(b) %Q% %<$
and Mary to ''"
asse mbl e and
B 6 5%$
$%
deliver the collatera l $ ff,
#$77
to Plainti includin g %$
related $$
title instrum ent s
'$%"$' and $
$ #$77"<
that Plaintiff may $%
enter
7 *Jose
upon ' %<'
and Mary'
s to $!
*% *%$<$
property * ''''
take possess
on i and %" 5
remove $%G
collateral
; ( e) $!
B charge
take
%and
8 * ''''
possess
on i 75'$!
of livestock and prepar e $
"
*%*% * %
7 %public
them for or *%5$sale;
private 'G (d) $
%'
and Botherwise %5
recei
ve
9 *<"'
paymen
ts, rents, income,
%$' " and %5' 7% "$
reve nu es from the $%
collateral $ apply $ %
to **<towar d $
$''
the indebtedn ess.
10 B(
99. The :
:
Two 4$%Securit y -%"$
Star 4%$< also N*%''<*% 5'
Agree ment ' express
y l prov des
i $
$ Jose
the '
that $
and
11 %<
Mary C
%<
"hereby '7Y
consent[] $
to the appoin tmen t 7
$
** $"$ of '
a %5%
such rece
veri %]
and not ** '
ag ree[] $ any '
oppose <such
12 ** $"$
C
appointment."
13 1
OO. Ther e is'
:
% no Q$%"<$
adequate remedy at to 7 %
law $ enforce the *% 5' '
$
prov
sion
i s 7the :
of $
Two
14 Star 4%$<
4$% -%"$
Security Ag r eement
and $ is ''%<
it ' necessa ry that ve r
a %5%
recei be ** $
appoint ed $ take * ''''
to $! possess
on i
and
15 charge 7$
%of the *%' *% *%$< collatera l
personal prope rt y $% '
and to and "
conserve it *
manage $ pendin g $
sale %
the 'under $
the
16 terms of the :
"' $E$
Star 4%$<
Two 4$%Securit y Agree mens,t
-%"$'
$ $
and to any
collect < all '
and such %$'
revenue, "
rents, %5
income,
17 other R$'
and
%benefits $
% 7*
thereof pendin g '
sale
18
101
. ''
Unless a %5%
receve is ** $
i r ' appoint ed by this
<$
' to $!
Court $ * ''''
take possess of , %
ion 7
care for,
7 %
20 :
*%'
The perso nal *% *<
proper ty $% % 7
collatera l is' in ""$%<
danger of being materially W%
injur ed.
21
102. - %<
Acco y, gl Pl
rdin aintiff %Q'$'
+MErequests that this %$
$
$$
' Cour t ** $a %5%
appoint recever
i *%'$
pursuan t $
to
22 $
: 4$%
the Two Star 4%>5 Agreements ,
Sec urity -%"$'
of Civil #% %
Code 75 Proce dur e '$ '
ons )9E
secti 564, $
,
et. 'Q
seq. the ''
and $
usages
23 $EQ$<
of equity, $ on i
* ''''
$!possess
to take and $% of , '%5
control C
", '%
conserve , manage maint ain
secur e,"$ protect $
and *% $$the
24 *%'""
person *%*%$< $%
al property collate,ral to
$ do acts ''%<
all ' necessa r y$ ect $
*% $$
to prot the ' collateral
said $% *%'%5
and preserve
25 #$77'
Pl
anti
i ffs %
$'
rights $
%
therein.
26 />//1:D-4/
ELEVENTH CAUSE 26
OF -:+21
ACTION
27 BW5
(Injunctive Relief Defen dants
-?7$'
-'$All
07Against ? '1-50)
and Does =42
28 18
ME
03.
Pl
ani tiff %7%'
refers $ #%%*
'
to Paragrap hs 1 $
%
'5
through 102, inclusive, by '
and <such
+=M+'ER%
205897
0v I I +AF++4
1728
373.01 20
8
E"R>1:
COMPLANTI FOR ,0/-D26
620(I)BREACH
B OF R70@PEE(2) /->MD
CONTRACT ; B OF EF0D
BREACH E WRITTEE>H1
N GUARANTY ; B8
B'RFRE:ER (3)
620/>240/21
FORECLOSURE #/0421->PROPERTY
ON PERSONAL #02#/0:A>E2>>-+E/0->;
COLLAT ERA
L; ETC.
;EB
E
20
reference incorporat es
%7% %* %$' each $ $
'*%%*
'
those
allegation in paragraphs '$
$7<
as thought fully '$ 7 %$
%
set forth herein.
2
+U 9
104. has
Plaintiff+:
'
#"W adequate %"<
no Q$ at
remedy $ to 7 %
law $ the N*%''
enforc e $
expr ess $%"'
terms,
3 condition s
$ ' *% 5' '
and prov
sions
i 7
of the various "$'
5% 'loan discussed 5
docum ents '''
would
above which
enable
a
4 %5%
recei carry $
to %%<
ve r J
' %
%
out his or her $'%%
duties regardin the *%' *% *%$<
g collateral,
personal prop erty $% $
$
includin g, without
5
tion , %Q%
"$$
limita ?7$'
$
Defenda
requirin g the nts $ turn 5%
to $% * '''' 7
over possession the *%'
of $
personal property collateral
*% *%$< $% and
rents, "
all %$'
6 income, profit , s
,s *% '
*% R$'
proceed other *<"$'
and $
%payments %'from $
"
arising 7% "them to $
recei
$ the %5
ve r.
7 )
105
. :
''
The loss of the %$' " profit
rents, income, *% R$'
procee,ds
,s *% '
and $
%*<"$' 7
other payments of
8 ?7$'
Defendants' *%$ ' '
operation s would cause %$irrepa
great and %%*%
rable injury $
W%< #$77
'
to Plaintiff whose '%$<
securit y
9 "%'$'
s %
interest are % 7
in danger of being
%"
harmed
. ry "*'$
#%<
Pecunia for '
compensation 7% will $
loss
such '' not 77 %
af ford
1O Q$ to #"77
%7$
adequate relief Plaintiff in $
$ the ** $
that $
%5%
ver
appointed recei not
will $be Y
able $ *%'%5$
to preserve the full 5
7 value
11 7 rents, "
$
%$'
of the income, profit proceed,s
*% R$',s *% ' other *<"$'
and $
% 7% "the
payments from *%' *% *%$<
$
pers
onal property $%
collateral C
if
"
12 proper supervision 7
*% *%'*' ?7$'
of Defendants
' *%$ ' % $
operation s are started '
not '$%$ soon.
13
106. 6 %$
For the foregoing reasons,
7 % %' '
and in aid E
+ $
%5%
of the #$77now '!'
ve r, Plaintiff
recei seeks a
15 7$
"
of them, W $
"
enjoinin g them their %'*$5
and $
% agents, "* <G
respective $' af filiates %
emplo yees, 7R$' %*%'$$5'
or representa
tives,
16 and/ or <
!"@ % acting
anyone $ their
7
on $
%behal 7% "$%7%
f , from interfe rin g $
with $
%5directly %
ver , %$<
the recei or %$<
indirectly, in
17 $
*''''
the possess
on, i "$
maintenance, prese
*%'%5$ and ""$
rvation management 7
of $
*%'
the persona *% *%$< $%
l property collaetral
and
18 <
any %$' ", profits
rents, income , *% '
*% R$'
proceed,s
and $
%*<"$'
other payments %'$
%7% "
arising therefrom.
19 #0-A/0
PRAYER
20 FD/0/620/
WH EREFOR E, Plaintiff 0 !
#$77Rabob
ank, 1
-- $%W"$
*%<'for
N.A. prays jud gment against
and '$each
21 ?7$
nt '
Defenda 7 ';
as foll
ows:
22 21
ON :D/
THE FIRST CAUSE 26
6+04:-4/OF -:+21
ACTION B-'$
:%*V
(Against Triple and $' #%$%'
its Partn ers)
24 (a)
B 2
On the D%@6
$
Herd/Fee >";)
8I
(8
I8
d Loan: $2,386,
83093. 7
of principa with "
together $
l $ '$
%
*%* accrued
25 interest as 72"%
$%'$'of October 19, 7[
(I
E
2017 of $26,
98.1
4,1 $
interest
+9 with $%'$ $
conti to %
nuing $ 7% "
accrue from and R%
after
26 2$ %
October 1(
until
9, 2017 $
$W"$
$ the is $%
date jud gment '
%$
entere d herein at the rate 7[)()
$
%$ *%<
of $595.71 per day.
27 (b)
B
2
On $
the Hei ";
fer Loan: 8()
(9
89(
9 7*%"$ $
%
D7% $5,949,
349.64
%
of principal together with $%'$
accrued interest
28 of B!
as E
' October 19,
(
201
7 $7E[BN)
8
(
of $65,320
92, . with %'
$
interest cont
nui
ng
i $ %
to 7% "
accrue from after 2$ %
and 7$% October
T40EFF+I 1ZE5BZ8 21
"
2058
970vl 7373.01
28 Z
BR7*"1EE
COMPLANTI 620 ,0/-D
FOR (1) BREACH 2621:0-:G
OF CONTRA CT; B ,0/-D26
(2) BREACH F0+::/1&-0-1:AG
OF WRITTEN GUARANTY ; B8
(3)
FORECLOSUR E 21
620/>240/ #/0421-+
ON PERS #02#/0:A2>>-:/0->;
ONAL PROPERTY /:
COLLAT ERAL ; ETC. 21
1
19, $
2017 unti $
$W"$
l the date judgm ent is'$%
%$
entered herein at the rate =E)
9I)
8
$
%$of $14, 85.32 *%<;
per day ;
2U 2.
4*
Speci
al "'
damages % $ *% 7
accor din g to proo f $
at trial
;
$%G
3 3.
8
+M%W""
Prejud g ment$%'$as
interest 'allowe d <G
by law;
d>=+
4 21THE 4/21?
ON :D/ CAUSE 26
SECOND -4/OF ACTION -'$
-:+21(Agains
t Edward and -
/%April dba >
%Lone 4$%
Star %
dairy) =
5
E+
l.
, l "
&%
Genera economic, 'Q$
conse qu entia
l incident al "'
and $ damages '
as 7 ';
follows:
6 (a)
B 2
On $
> 4$%
the Lone > 7E%$;
Star Line )
(I
of Credit: $2,987,
7.21
71 7*%*
of principal
, $ $
% $
toge ther with
7 %$%'$'
accrued interest of 2$ %
as EOctob er 19, 2017 7[8
I(
9
(
T2+ of $31
8, 90.74, with interes t $
$
$%" to %
continuin g $ 7% "
accrue from and
9 (b)
B 2
On the > 4$%
$
Lone :%"Loan:
Star Term > ;[ B
BB 7*%*
$110,
000 of principal $ $
%
, toge with %
ther $
accrued
12 2.
4*
Speci
al "'accordin g to *% 7
damages % proof $ "
at $%;
trial;
13 3.
8
M%W"$
Prejud %'
gment interes as
t 'allowe d <;
by law;
14 21:D/:D+0?
ON THE CAUSE 26
THIRD -4/OF -:+21
ACTION B-'$
t '
(Agains and %<
Jose dba :
Mary 4$%?%<
Two Star Dairy)
7*E*Y
16 of prin cipa with "
toge ther $
, l $ $
% accrued interest as 72$ %
$%'$'of October 19, 2017 9Y
(
of $41, )(
259.7 ,0 $
with %'
interest
17 $ $ %
continuin g to 7% "
accrue from af ter 2$ %
and 7$% +(
October 19, 2017 until the $
$$
W"$
date jud gm ent is' $%
%
entered herein $
at
19 2.
4*
Speci
al "'
damages % to *% 7
accordin g $ proof ;K
at trial;
%;
20 3.
8
+M%W"
Prejud gment "%'$ as
interes t ' <law;
allowe d by G
21 21
ON :D/620:D-4/
THE FOURTH CAUSE 26-:+21B-'$
OF ACTION (Agai /%
nst Eduardo)
23 B 2
(a) On the > 4$%
Lone >
ne 7E%$;
Star Li of Credit: $2,7.71(I
7
[21
987, *%*
, l toge
of principa $ $% $
ther with
26 B 2
(b) On $
the Lone Star :
> 4$% > ;[
Term Loan: 0,
7**
$11000 of princi
pa
, l $ $
%$
together %
with accrued
/ 1728 1/D
01373. 8
22
2#>-+1:
COMPLNT AI FOR B ,0/-D26
620(I) BREACH OF >21M+0-:;
CONTRACT; B ,0/-D26
(2) BREACH OF F0+::/1
WRITTEN &-0-1:A
GUARANTY; B
(3)
620/>240/
FORECLOSURE 21
ON #/0421->
PERSON AL #02#/0:A
PROPERTY 2>>-:/0->; /:.
COLLATERAL ; ETC 22
1 2.
Special "'
4*damages % *% 7
accordin g to proof 8K
at trial
;
+%G
2
+N
3.8
M%W"$ interes t '
Prejud gm ent $%'$
as allowe <law;
d by G
3 21
ON :D/6+6:D-4/
THE FIFTH CAUSE 26-:+21
OF ACTION B-'$
ts :%*
(Again
Triple V its #%$%'
and $' Partners
4 >
l. -W
Adjud ging $
$ all %
$'
that claims, %'
*
rights, "'
ownership , '
liens, $$'
and "'
titles, demands 7
of
5 ?7$
Defenda Tripl e
nt :%* V
and ef endnta"
otherd7$'
all $
% concernin
s g the Triple
$
:%*V *%' *% *<
personal proper ty $%
collateral
6 %''Q$
are $
subsequent to and 'W$$ $
subject to lien 7
the e
the :%*
of $
Tripl V 4%$< -%"$';
Securit y Agreements;
7 2.
-W
Adjud ging $
$
that the lien 7$
$
*%'
of the persona *% *< $%
l property collateral 7 % '
be foreclose ,d
9 <
by $
the %$ , $
comi $
$
that the procee ds 7
*% ' $
'
of the **
sale be in *<"$
appli ed of the " $'
payment E
amount s
due $ #$77
to Plaintiff ,
1O $
$Defenda
that nts
?7$' and *%' '"
all persons claimin g und er
'
% each such 7$'
defendan,ts 7$% execution 7
af ter N$ of
12 be %%
barred ose d 7% "
7 % '
and forecl from ght ,s "'
%
$'
all ri claims, interests $
$%'$'in property
the *% *%<and 5%<*%$ E
every part of the
14 3.
8
-W
Adjud ging $
$?7$'
that Defenda /%
-*%
nt s Edward, April, ?5
David, Terra ?"'
:%%Dimas %<
and Mary
16 $%
collateral
, a R<W$
that
and $
$ deficency
i "<be
jud g ment may %% owing *% '
7
ordered foll *%'%
proce edin gs prescribe <
d by
17 ;
law; and
18 9
4. #%"$$
Permittin g Plaintiff or <
# % any *%$'
patti es$ $
'$
to this $ "
action to a *%
'%
become at $
purchase r K the
19 $% '%
forecl
osure 'G
sale;
20 21:D/4+L:D
ON THE SIXTH -4/
CAUSE 26
OF -:+21(Against /%
ACTION B-'$Edward April
and -*% > 4%
dba Lone ?%5
Star Dairy)
21 l.
+
-W
Adjud ging $
$
that right ,s "'
all %
$'
claims, 55%'
N*
ownership , '
liens, titl
es,
$$'
and "'
demands 7
of
23 "
collaeral
t are ''Q$
% to
subseq uent $ and subject $
'W$to lien 7
the > 4$%
of the Lone Star 4%$<-%"$';
Security Agreemen
ts;
24
2. -W
Adjud
nggi $
$$
that lien E%E$
the *%'
of the perso *% *%< $%
nal property collaeral
t
forec
be 7 % '
oes d,l
25 that $
$
*"E"
ona l *% *%<
the pers proper
ty collateral
$% sold %
be ' accordi
ng
to law <a 5<
by levyi
ng 7R% to
offic er $ **""
be appointed
26 <+
%$
by the court, that *% ' 7
B
proceeds
$
$ the of the '**
sale be applied in *<"$
pay of the " $'
ment 7$
amount
s
due $
to Plantiff
i ,
#$77
28 7$'
defendants
, $$%execution 7
after N$ #$77E'
of Pl ff s '
ainti
$
%'
liens, whether en "$
W"
as li mant, jud gment %$ %
clai credi
tor ,
+24FD+
2058
970vl I ,:DTD
17373.01
28 23
8
2#>-+1:
COMPLA
NT
I 620(1) ,0/-D
FOR B
FORECLOSUR E21
620/>240/
OF 21:0-:G
BREACH 26CONTRA CT; B
ON #/0421->
,0/-DBS
(2) BREACH
PERSONAL #02#/0:A
OF F!Y 7R&-0-1:A
WRITTEN GUARANTY ; (3)
/:
" 23
PROPERTY 2>>-E0-
COLLATERAL ; ETC. ; 8
*%
'%
purcha lienhold er , %
se r,
%
or $
%'
otherse,
wi be barred
%% +% '
and foreclose P""
d from rights, "'
all %
$'
claims, $%'$'
interests
in
2 E9
$
*% *<
the property and 5N<*%$ $$
every pait > 4%
of the Lone *%'
Star persona
l *% *%<
prop erty $%G
collateral
;
3
> 3.
8
-W
Adjud ging $
$ ?7$'
that Defenda /%
nt s Edward -*%%
and April *%' <
are pers
onally liable 7 %
for
4 *<"$
payment 7
of the obligation s '%
$
$ ' <$
secur ed by > 4$%
the Lone *%'
Star person
al *% *< $%
property collateral ,
and $
$
that
a
5
+
R<
deficiency W"$ "<
jud gm ent may be %%7 *% '
ordered following procee prescrib ed <
din gs *%'% G
by law;
6 4.
9
+M$ #$77 %
Permittin gPlaintiff any *%'
or <parties $ this $
to $
' action $ "
to become *%
'%
a purch at $
ase r $ the
7 7 % '%
foreclosur e 'G
sale;
8 21
ON :D/4//1:D
THE SEVENT H -4/OF -:+21
CAUSE 26ACTION B-'$ and %<
Jose
(Against ' dba :
Mary
Two 4$%?
Star Dairy)
9 l.
+
-W
Adjud ging $
$ all %
'
that claims, %'
*
rights, "'
ownership, '
liens, $$'
and "'
titles, demands 7
of
1O ?7$'
Defend and %<
Jose
ants ' Mary other "
all $
%
and defe ndants % the :
concernin g " Two 4$%*%'
Star persona *% *%$<
l propert y
12 2.
-W that $
Adjud ging $
$ lien 7
the of the *%' *% *<
personal prope rty $%
collateral 7 % '
be foreclosed,
13 $
$ the *%'
that $
*"*<
personal prop ert y $%
collaetral
sold %
be ' to
accordin g $ <
law by levying 7R%
a 5<+of ficer $ ** $
to be appoint de
14 <$
by the %$
court, $
$
that the procee ds 7
$
*% ' of $
sale
the ' applied "
be ** in *<"$of the " $'
payment 7$
amount s
due $
to Plaintiff
#$77 ,
17 *%
'%
pur lienholder , %
%'
chase r,
%
or otherwi
se,
be E
barred 7 % '
and foreclose 6% "
d from rights, "'
all %
$'
claims, $%'$'
interests in
18 $
erty
*% *%$<
the prop and 5%<*%$ 7
every pait
M
of the Star *%' *% *%$<
Two 4% personal property %G
collateral;
19 3.
8
-W
Adjud $
$?7$'
ging that Defenda Jose
nts ' %<%
and Mar *%' <
yare person
ally
liable for *<"$
7 %payment
20 7B
" '
of the obligations '%
secur ed <the :
by $
Star *%'
Two 4$%personal *"*<
property $%
collatera $
$
, l and a R<
that deficiency
21 W"$ "<
jud g ment may be %% 7
ordered foll
owi
ng *"%G
proceed prescr ibed <
ings *%'% by G
law;
22 4.
9
M$$
Permittin #$"E
g Plaint
ffi or ;"<
any *%$'
parti
es to this $
$ $
' to "
action $ become *%
'%
a pur at $
chase r $ the
23 7 % '%
foreclos
ure 'G
sale;
24 21
ON :D/
THE EIGHTH CAUSE 26
/+&D:D-4/OF -:+21
ACTION B-'$
(Agains
t :%* /%
Triple V, Edward, -*%
?5 :%%
April, David, Terra,
25 ?"'
Dimas %5"
and Mary Jane)
26 l.
+
:
$the
That $
enter
Cour t $%an B%%appoingnti
order ** $ a %5%
to $!
i , $
recever *''''"
take possession and
27 control 7
$% of the :%*
Trip
el V*%' *% *%$<collatera l '%
personal property % in $
descr ibed :%*
the Tri
epl 4%$<
V -%"'
Securit y Ag reeme tns
28 BC:*
("Tri
epl BE%ZC
V "
Collatera l"), to "'%5
secure, "$
conserve , '%
"and
maintain, manage *% $$ said :%*
protec t 'Tripl
e $">
V Collatera
, l
)"";
205897
0vl ""'
I 1728
373.01 9
24
B2+E+
COMPLA NT1+
I 620B+:/@]
FOR (I) BREACH >RE 1+0-:;(2) ,0/-D
OF CONTRACT ; B BREAC H Z; WRITTEN &-0-1+
OF F0+:7/1 GUARANTYAG
; B8
(3)
""'";1
620
FORECLOSURE
ON PERSONAL #02#/0+A2>>-
#/0421->PROPERTY +/0->G
COLLATERAL ; ETC. ;EBE
24
9
1
and $ any
collect < and , "
%$'
all rents *% R$',s procee
income, profit d,s
*% ' and $
%
other payment s R5
*<"$' derive d $
%7% "
therefrom ,
*
29 pendin 7 % '%
g forecl %
osur e und er $
the E%*
Tripe l V 4%$< -%"$'G
Securit y Ag r ee m ent s;
3 2.
:
$the %$
That $
enter W"$
Court $%jud gm ent %$ ?7$'
dir ec tin g Defendants :%* /%
Triple V, Edward,
-"
4 -*% ?5E:%%
, David,
April ?"'
m as
Terra Di %<
and Mary and <
Jane anyon e possess ion 7
in * '''' $
:%*
of the $%
Tripel V Collatera l $
to
5 5% on i 7E'
delive r * ''''
possess e
of said :%*
Tripl V $% to $
Collatera l $ the %5%G
receve
i r;
,,
6
B 8
.) . 6 %
For order %
an %% that ?7$
decreeing $
$Defe ndant :%*
Tripe l V its %'*$5
and $' respective %
general
7 "$
and limit *%'
t ners, 27R%'
ed par %$ %'
officers, direct agent s
ors, $' emplo yees ,
and "* <'
$
%
and all *%' '$
other persons actual %
with $or
8 '$%$5
constructve
i !
knowl
edge order
of this %%
7$
' and $
%agents
their $'and "* <'
empoyees
l and/or <
, @ % acting
anyone $on
'
his
9 behalf: except ,!
7YN*$Bank , '
take '
shall $! actions
such 'and turn over "$'
$% 5%docum ents the :%*
and $
Tripl
e V $%
Collateral
1O to $
%5%
ver
the recei in %
accordance $
th $
wi order ** $
the %%appointin g $
the %5%
recei
ve r.
11 9
4. :
$
That $
the %5%
rece
ver,
i after $!
$%takin g possess ion 7
* '''' e
of $
:%*
the Tripl Collat,eral
V $%Ebe
12 *%"$$
permitt to
ed $ do $
7 ;
the foll
owing:
13 (a)
B /NDefenda
Exclude ?7$'
nt s :%*
Triple V, /% April
Edward, ?5
Ter
-*%, David, :%% ?"'
ra Dimas
14 %<
and Mary or <
"
%
Jane, anyone " % %
claimin g under or $
%
$
"
throu gh them who 'not
5
does $have
a valid lease %
5'or
15 l %"$
%$
renta agreement for on i 7$
7 %* ''=)8"
possess :%*
of the Tri
pl
e $%
V Collatera or <
, l %any * %$ thereof , 7% "
portion $
% 7 * ''''
from possess ion
16 7
of the $%
:%*V
$
Triple Coll
atera
, l or <
%any * %$
portion $
% 7G
thereof;
17 (b)
B Use, operate , "
'
*%
manage ,
and $%
control $
:%*
the Tri
pl
e $%G
V Collatera
; l
18 (c)
B> %
Care for, preserve ,
7 %
*%'%5
"$
and maint e
the :%*
ain $
Tripl V $%;
Collatera l;
19 (d)
B %all N*''
Incur expenes s ''%<7 %
necessary for $
the %E*%'%5
care, preserva o,tin
and
20 "$ 7
maintena
nce of $
:%*
the Tri
pl
e Collatera
V $%G
l;
21 (e)
B ?"
collect
Demand, $ vei <
and %5
rece rents, "
any %$'
*% R$'
income, profits *"'
, procee ,ds
22
( J
other *<"$'
and $
%paymenst 7% " date 7
$
$
due from the ?7$'
of Defenda :%*
nt s Tripl
e V, /% Apri
Edward, -*%
, l David, ?"'
:%%Dimas
?5 Terra
23
BU>
and %<
Mary E'
Jane'
s $
'
defau
st l %
or hereaft comin g
er "
%7$% in $
due connec tino $
with $
:%*
the Tri
pl
e
V $%
Collat,eral or
2+
24- <
PJ
* %$"
any por $
% 7G
tion thereof ;
25 (f)
B : %$
To rent %
or lease 6% "ti$"
+'from time <
$ $"
me to *%$ 7$
any part of the :%*
Triple V
26 $%G
Collateral;
27 (g)
B)G Bring prosec
,%and *% '$ all *% *%
ut e proper $ '
actions 7 %collection *<"'
for of payments
28
due $
:%*
on the Tripe l VColl
$%
aeral
t
and $ ng
%
to bri *% '$
and prosecute *% *%
all proper $ '7 %the
actions for *% $$
$
prote
oncti 7
of
)""Y
2058970lv I +88
+++I
1728
373.01 5Q
25
2#>-+1: OF 21:0-=:G
! BREACH % ,0/-D TTEN &-0-1:A;
F0++E:61
RTY "
7:$:A,0+@++ H ;
"""'%21
COMPLA NT
I FOR(
) CONTRACT; (2) BREAC
B
OF WRI GUARANTY; (3)
B8O
D LOS
FOREC UR EON #/0421->#0B#+P0+EA
PERSONAL PROPE -ED0->;
COLLAT ERAL; /:.
ETC 25
)
N
:%* $%
the Tripl e V Collat eral %
or $ %5%
to recov * ''''
er possess $
% 7G
ion thereof ;
2 (h)
B : "* <
To agent s %
emplo y $' "* <'
or empl $ collect
oyees to 'rents
$said %$'
" profit
, income, *% R$'
s,
3
> procee ds
*% ' $
%payments
and other "$
*<"$' , manage the :%* $%
Tripl e V !*
Collateral , and '"insur
$
same
keep the ed
'%
and in
4 repair, ifE$
good %*%
%5%
the rece shall "
i r '
ve $
'"
deem the ''%<
same necessa to
r y, and *<the
$ pay %' 5
$
reason 7said
able value of '
5 '%5'
serv
ces
i out 7$
$of the %*$';
rece ipt s;
6 (i)
B : *
To *!
open up bank $'
acco unt s'"necessa
as deemed ''%< <the
ry by %5%
$
rece
vei r in
7 connection $
5=%7%
$
the
$ with duties;
above- r efe r ence d$'Gand
8
(j) - $
%
All * %'
other pow $'refe
ers and duties %7%% $ in
rr ed to $
' "*$
this $ $
%
compl aint , togethe
r
9 $
with other * %'
all $
% %' <
powers reaso ''%<
nably necessa r yto carry $
$ %%< $
%5%E'
out the receve
i r's $'respons
duties and %'* '$'
ibiliti es.
11 %5%'
rece
ver'
is duties, i
$'
$
$limitation
ncludin g without %5%E'
"$$
,rece
vei r's fees
%'
7'and charges $$ %<M'
and attorn 7';
eys ' fees; and
12 6.
6 %such
For " $'
'
amount s '
as Bank "<adva
,!may 5$ $ %
<
to
nce , if7any, 7 %the
or for 7
R$of
$
benefit
13 ?7$'
Defenda :%*
nts Triple /%
V, Edw ard , -*%
?5
Te
April , David, +E%% ?"'
rra Dim as %<Jane
and Mary ";@ %
and/ or $
:%*
the Tripl e V
14 $%
Collateral.
15 ON :D/
B1THE NINTH CAUSE 26
1+1:D-4/ -:+2"'$
OF ACTION (Agains /%and
t Edward April
-% > Star
dba Lone 4$%Dairy)
?%<
16 l.
:
$$
%$
That the $%
Comi enter an %%** $
order appointin g%5%
a recei
ver, to $ $!
take possess ion
*'''' and
17 control $E$
$% > 4$%
of the Lone *%' *% *%$<
Star personal era l '%
$%
propert y collat desc rib ed
in the >
e 4$%
$
Lon 4%$<
Star Secur ity
18 -%$
Ag BC> Star
reement ("Lone 4$% $%C
$ '%5
Collatera l"), to conserve ,'%
"$
sec ur e, maint "
ain, manage *% $$
and protec t ' >
said Lone
19 4%
Star $% coll
, l and
Collatera $any
ec t <and
all %$' "
profits
rents, income, *% R$'
*% ';
, procee other
d, s and *<"$'
$
%payments
20 derived $
%7% "
B%5 *
therefro m, pendin 7 % '%
g fore %$
closur e under > 4$%
the Lone 4%$<
Star Securit -%"$'G
y Agr eements;
21 2.
:
$the
That $
Comi "%W"$
%$enter %$
jud gm ent directin ?7$'
g Defenda /%and
nts Edward April
-*%and
22 anyone "
< on i 7
* ''''
in possess of $
> 4$%
the Lone Star $% "B5%
Collatera l to * ''''
deliver possess
on i E'
of > Star
said Lone 4$%Coll
$%
ateral
23 $ $
recei
to the %5%;
ver;
24 3.
9O
6 %
For %%%
an order decreeing that ?7$'
$
$Defenda /%and
nts Edward -*%their
April and $'
$
%agents
25
and "*<'
empl
oyees, "
and all other *%' '$
$
%persons l %
$
with actua '$"5
or constru
vecti !"5
knowl
edge 7this
of thei
%%and
$
'order r
$
%
26 "'
age nts
and empl and/or <
oyees , @%
"*<' acting
anyone $ f , N*$
$
%behal
on their
7
,!
shall
exce pt Bank, $!'
'
take $ '
such action
s
27
and turn over "$'
$%B%doc uments
and the > 4%
$
Lone $%
Star Coll $
recei
$ the
ateral to %5%
ver in %$
accordance wi %%
$
orde
th the r
28 appointing $
** %5%
the recever.
i
205897 373.01 +L
0v 1 / >C
1728 26
"
E+>4DE++++
E
"+A+:-+1+
COMPLAlNT FOR620V
(I) P/0+/-ED
OF 21:0-:G
BREA CH % (2) ,0/-D
CONTRACT; B BREACH % F0++C+E
OF WRI &-0-1F
TTENX1GUARANTY ; (3)
D0/>?40$
FORECLOSUR 21#/0421->#02#/0:A
E ON >E2>>-:/0->
PERSON AL PROPERTY COLLATE 6+&
RAL ; ETC. 26
1 9
4. :
$
Th at $
the %5Y;
receve after $!
i r, 7$%taking possess ion 7$
* ''' > 4$%
of the Lone Star $%
Collatera
, l be
2 *%" to
permitt ed $ do the 7 ;
$
follo w in g:
3 (a)
B /N
Exclud ?7$'
e Defendant /%
s Edward and Apri or <
, l %
-*%
anyon e " %
claimin g und er %
or
4 $
%
"
throu gh him who '
does $
5
not hav valid lease %
a 5'
e rental %"$
or %$ 7 %possess
agree ment for of the >
ion $$
* '''' Lon e 4$%
Star
5 $"
Collat era or <
, l % * %$ $
% 7
any portion 7% "possess
ther eof , from * ''''
on i 7the >
of $
Lon e 4$%
Star $%
Collatera or <
, l % * %$
any portion
6 $
% 7G
thereof ;
7 (b)
B Use opera et, "
' , *%$ manage , contro l $
and $% > Star
the Lone 4$% $%G
Collat eral;
8 ( c)
B %
Care 7 %
for, prese rve,
*%'%5
and maintain the >
"$$
Lone 4$%
Star $%;
Collatera
; l
9 B
(d) Incur all N*''
+% expenses ''%< 7 %$
necess ar y for the %
care, prese rvation ,
*%'%5$ and
O "$
1+ maint enance 7
of the > 4$%
$
Lone Star $%;
Collatera
; l
11 (e)
B ?"
Demand, $
collec t
and %5
receve
i <rents, "
any %$'
profit ,s *% '
incom e, *% R$'
procee d,s
13 "
comin g in $
due conn ection $
the >
with $
Lon e 4$%
Star $%
Collatera
, l or <
%any * %$
% 7G;
portion thereof
14 (f)
B+ : %$
To rent %
or lease 7% "$"
'from time $ $"<
to time part 7
any *%$of $
>
the Lon e 4$%
Star
15 $%;
Collatera
; l
16 (g)
B ,%
Brin g
and *% '$ all *% *%
prosec ut e proper $ ' collection 7
7 % $
actions for *<"$'
of payment s
17 due
on $
> 4$%
the Lone Collatera l
Star $% and $ bring
to % *% '$
and prosec all *% *%
ut e prop er $ 'for $
actions 7 % ec tion 7
*% $$
the prot of
18I
> 4$%
the Lone Collatera l %
Star $% to % 5%
or $ * ''''
recove r possess
on i $
% 7G
thereof ;
(
19 (h)
B : "*<
To empl oy $'or "* <'
agents %empl oyees to collect '
$ $ , "
%"'E
said rents income, *% R$'
profits,
20 procee ds
*% ' and $
%*<"$'
other pay "$
ment, s manage the Lone Star
> 4$% e, ra l
$%
Collat and keep the '"
!*$
insur ed
same '% and
in
21 %*%
goo d repai
r, 7$
%5%
if the recever
i '
"
shall deem $
the '"
necessa ry,
same ''%<
and
to pay the %'
*<$
value 7
reas on able 5of '
said
22 '%5'
servi out 7
ces $ of $
the %*$'G
receptsi;
23 (iB
) : *
To open up
! $'
*bank as "
acco unt s ' ''%<by
deemed necessary <$
the %5%
recevei r
in
24 $
connec tion $
the 5=%%
with $
duties;
above- refe ernce d '; and
25 U)
BW - $
%
All * %'
other powe rs
and $'%7E
duties referre d $ in this "*$
to $
' compl aint , $ $
%
toget her
26 $
with all $
% * %'
other pow ers %' <
reasonably ''%<
nece ssary $ carr y $
to %%< out $
%5%E'
the rece
ver'
is es
$'
duti %'*'E'
and respo nsibiliti es.
28 %5%E'
rec ei s' $'
ver
TN5
2058970lv
(
duties, includ
I +8V
28 1 2+>M4
17373.0
2#>-+1:
NT 620
COMPLAI FOR B+
ing $
$
,0/L/D
(I) BREAC
620/>240/
OF 10-:G
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without "$
CONTRACT; B
%5%E'
limit ation, recei
vers'
27
,0/-D
(2) BREAC
#02#/0:A
H 26
7'
OF F0+:+
WRITTEN
%'
fees and
/1&-0-1:A;
and %<E'
charges
GUARANTY ; B8
(3)
fees;
attorneys' 7'; and
2 ?7$'
Defe /%
nd ant s Edwar d
and Apr il @ %
-*% and/or the > 4%
$
Lone Star $%
Collatera l.
4 21
ON :D/:/1:DCAUSE
THE TENTH -4/OF
26ACTION
-:+21(Agains Jose
t '
B-'$
y
and Mar : Star
dba Two 4$%Dairy)
?<
5 l.
:
$
That the %Kenter
$
Comi %%
$%an ** $
order appointin garece
%5%
ver,
i $ take
to * ''''
$!possess
on i and
6 cont rol 7
$% of $
: 4$%
the Two *%' *% *%$<
Star personal era l 'R
$%
prope rty collat describ ed
in the : 4$%
$
Two Star 4%$<
Securit y
7 Agree m entBC:
-%"$ Star BE!%^
("Two 4$% $ '%5
, ) to
Collatera l" '%
conserve , secur "$
e, mai "
ntain, manage *% $$'
and prot
ect said RJ0
8 Cattl e
$$ ateral,
2"%
Coll collec t <
and $ all
any and %$'
"e,profit
rents, incom *% '
*% R$' s,proc other
ee ds, and *<"'
$
%pay ments
9 %5
ve d $
%7% "
deri *
therefro m, pendin 7 % '%
g foreclos %
ur eund er the : Star
$
Two 4%$<
4$%Sec -%"$'G
ur ity Agree ment
;s
10 2.
That $
%$
:
$the Cour t $%W"$
enter jud g ment %$ ?7$'
direc tin gDefe ndants '
Jose and %<and
Mary
<
11 anyon e in
possess of the CC
on i $
* '''' Two 4$%
Star $% 5%* ''''
$ deliver
Collatera l to 7said
possess ion of : Star
'Two %
4%Collateral
12 "$
to the %5%;
recevei r;
8
13 3.
8
6 %an
For order %
%% ?7$'
$
$Defe
decree ing that '
nd ant s Jose %<and
and Mary thei
$
%
r agents
$'and
14 empl oyees ,
9 "* <'
all $
%
and *%' '
other perso $
actual
ns with %"'$%$5
$or !
constru ctive knowedge
l 7this
of $
'order their
%%and $
%
15 age nt s
$' and/or <
empl oyees , @ %
and "* <'
g
$
anyone actin on their f , N*$
7
$
%behal ,!
exce pt Bank '
$!
, shall '
action
take such $ '
s
6
1+ and $%ove r ""'
turn 5% the
document s and : 4$%
$
Two Star $% $ $
%5%
Collatera l to the receve
i r in %
accorda $
the
nce with $
order
]%=8%
17 ** $
appoint ing$
the %5%
receiver.
18 4.
9
:
$$
rece
That the %5%
veri , 7$%$!
after tak * ''''
ing possess 7$
on i of : Star
the Two 4$% $%
Colla,tera l be
19 *%"$$
permi to
tte d$ do $
7 ;
the foll
owing :
20 (a)
B /N
Excl ?7$'
ud e Defe '
ndant s Jose %<
and Ma ry , or
< "
%anyone claimin g under "E
%or
21 $
%
throu gh them
'
$
"who
5
does not lease %
5'
have avalid %$%"$
or rental agree ment 7 %* ''''
for possess 7the
on i of :Star
$
Two 4%
22 $%
Collatera or <
, l % * %$
any por $
% 7
,from
toni thereof oni 7$
7% "possess
* '''' : 4$%
of the Two Star $%
Collatera
, %<
l or *%
any portion
23 $
% 7G
thereof ;
24 (b)
B Use , *"$
'
"
operate ,manage control $
, and $% : Star
the Two 4$% $%G
Collatera l;
25 (c)
B
%for,
Care 7 %
preserve maintain
*%'%5
,and "$the : 4$%
$
Two Star $%;
Collatera
; l
26 (d)
B Incur all N*''
+% ''%<for
expenses necessary $
care,
7 %the *%'%5$
%
preserva tio
n, and
27 "$7$
mainte : 4%
nance of the Two $%;
Star Collatera l;
28 (e)
B ?"">, $
Demand rece
collect and vei <
%5any rents " "",profit
, income
%'
*% R$'
*% '
,
,s proceeds
+'N"I ^I 28
I
"
2058
970vl 17373.0
28 1
%+#;
COMPLANT-M+MF++0
I FOR (IB ,0/-D
) BREAC OF 21:0-:G
H % CONTRACT; (2) ,0/-D
H 26
BBREAC OF WRITTEN &-0-1:A
F0+::/1GUARANTY ; (3)
FORECLOSUR E21
620/>240/ON #/0421->#02#/0:ABE2>>-:/0->
PERSONAL PROPERTY COLLAT /:
ERAL; ETC. 28
I
1
and $
%
other payments due 7% "
*<"$'from $
$of ?7$'
the date 7 Jose
Defendant s ' %<'
and Mar default s %
s y' 7$' ft er "
%%
or herea comin g
2
!
$
due in connection with the :
$
$
Two 4$%
Star $% or <
Collateral, % * %$ $
% 7G
any portion thereof;
3 B
(f) :
To %"
rent %lease 7% "
or 'from $" to $"
tim e $ tim e <part E$
any *%$ : 4$%
of the Two Star
4 $%G
Colla teral ;
5 (g)
B Brin g
,% and *% '$
prosecut e *% *%
all prop er $ '
actions for collection 7
7 % $ *<"$'
of payment s
6 due
the :
on $
Two 4$%Collat eral
Star $% and $ brin g
to % *% '$
and prosecute *% *%
all prop er $ ' prot ection 7
the *% $$
7 %$
action s for of
7 the :
$
StarCollatera l %
Tw o 4% % $ % 5%
or to recove r * ''''
possess ion $
% 7G
thereof ;
8 (h)
B :
To "* <
oy $'
empl or "* <'
agents % collect '
to +
emplo yees $ rents, "
said %$'
*% R$'
incom e, profit s,
9 proceeds
*% 'and $
%
other payments, "
*<"$' $
:
manage the , l
4$% $%
Tw o Star Collatera and !*$
'"
keep the insured
same '%and
in
10 %*%
good if the %5%
repair, 7$
recei '
"
ve r shall $
'"
deem the necess ar y,
same ''%<
and $ *<$
to pay the reasonable ue 7
5
%' val of '
said
11 ces $
'%5'
servi out E$
receipt
of the %*$'G
s;
12 (i)
B : *
To *!
open up bank $' as "
account s ;) deemed ''%< <$
necessa ry by the %5%
receve
i r in
13 $
conn ection $
$
5=%%
with the duties;
above- refe ren ce d $';and
14 U)
BW All other * %'
- $
%powers
and $' %7%%
dutie s referr $
ed to $
' "*$
in this compaint $ $
%
l , togethe r
15 $
with all $
% * %'%' <''%<
other powers to %%<
reasonabl y necessary $ $the
carry out ve r 's duties
%5%M'$'
$
recei %'* '$'
and respon isbil
itie
.s
16 5.
)
For costs
6 % '$'and N*''
expenses %% <the
incurr ed by $
%5%
receiver *%7 %"
$
performan
in the ce E$
of the
17 %5%'
ve r's $'
recei
duties, includin $
$limitation
g without , %5%E'
"$$
7'
receiver's fees charges
and
%'and $$ %<M' 7'G
attorn ey's fees; and
18 6.
For such " $'
6 %'
as ,!
amount s 'Bank "<
may 5
7E<
adva nce, if $ %
any, to 7 %$
or for R$ 7
the benefit of
19 ?7$'
Defend Jose
ant s ' %<@ %
and Mary the :
and/ or $
Two 4$%
Star $%
Collateral.
20 21
ON :D/
THE />//1:DCAUSE 26
ELEVENTH -4/ -:+21B-'$
OF ACTION (Agains all ?7$'
t Defendants
)
21 l.
6 %
For *%"%<
a preliminar W$
y injunction *%"$
and permane injun ction W
nt W$ $
enjoinin g the
22 ?7$'
Defend
ant s and each 7
of $
"
them, incl
udin g their agent,s "* <'
%'*$5$'
$
%respective af filiates %
employees , 7R$' or
23 and/ or <
represe nt atives, @ %
%*%'$$5'
actin g
anyone $ their
7
on $
% 7% "$%7%
f , from
behal interferin g $
$
%5%
with the y %
ver, %$<
recei directl or
24 indir yect in $
, l
%$< possession , "$
the * '''' maint en ance, preserva tion
*%'%5$ ""$
and man age ment 7$
of the :%*
Triple
V
25 Collateral, >
$% Lone 4$%
Star $%
Collat era :
, l Tw o 4$%Collateral
Star $% and <%$', "
any rents income, profit
*% R$'
,
s, *% '
proceeds and
26 $
%*<"$'
other payment s %'%the
arising under $
:%* 4%$<
Tripl e V Securit y -%"$' > 4$%
Agreement, s Lone Star 4%$< -%"$
Securit y Agreem ent ,
27 :
and Tw o 4$%
Star 4%$< -%"$
Securit y Agree m ent.
28 ///
@@@
+4LE1+F
2058970vl @I Y
+ 8I
17373.
0128 29
(
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COMPLAI
NT 620B
FOR ,0/-D26
(I) BREACH OF 21:0-:G
CONTRACT; B ,0/-D26
(2) BREACH WRITTEN &-0-1:AG
OF F0+::/1GUARANTY ;B8
(3)
FORECLOSURE 21
620/>240/ ON #/0421-> #02#/0:A
PERSONAL PROPE COLLAT ERAL; /:
RTY 2>>@J:/0->;ETC. 29
(
1 21ALL
ON ->>-4/4
CAUSES 26
OF -:+21
ACTION
2 l.
-$$ %<'fees
Attorneys 7''
as allowe d <G
by law;
3
2.
6 % '$'
For %%
costs incurre herein;
d
%Gand
4 3.
8
6 %'
For such $
%%7
other rel '$
ief as the Court "'ju
%$deems st
W'$ *% *%
and proper.
5
6 ?-:/?;
DATE 1 5"%
D: Nove mbe-r -1_ 2017
, ,-./0
BAKE -12.
R MAN 3/14/1
OCK & #
JENSEN ,PC
7
J2221
8
,<
&
9 Peter 6'
#$% . Fashing
- "<'
Attorn 7 %Plaintiff
eys for 0-,2,-1.
#$77RABOB ANK ,N.
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10
11
12
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13
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15
16
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20
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23
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24
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26
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2058970v l @/ ^88
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FOR B+ H 26
OF 21:0-:G (2) ,0/-D
CONTRA CT; B BREACH 26
OF WRITT N &-0-1:AG
F0+::/1
E GUARANTY; B8
(3)
FOREC LOSUR E 21
620/>240/ ON #/0421-> #02#/0:A
PERSONAL PROPE RTY 2>>@J:/0->G /:
COLLAT ERAL; ETC. 30
82
0-,2,-1. N.A.
RABOBANK, 1
-
v.
TRIPLE DAIRY,
:0+#>/V ?-+0A et
$al
Fresno $<Superior
6%' County %$
4*% %Court
/N
$:
Exhibit Table $ "*$for
to Complaint 7 %B ,%
Of
( 1) Breach 27Contract;
$%$G(2)BBreach 27Written
,%
Of F%$$Guaranty;
&%$<G
(3) Foreclosure 2
B86 % '% #%' Property
On Personal #% *%$<Collateral;
$%G (B9
4) Specific #%7 %"-HAppointment
4*RPerformance 27
-** $"$Of
05%G
Receiver; and (5)
B)Injunctive 07
+W$5Relief
?/40+#:+21
DESCRIPTION >2-:+21
LOCATION #-&/NO.
PAGE 12
D%@6Credit
Herd/Feed -%"$
%$Agreement C-C
/N
$"A"
Exhibit 88
33
D%@6Line
Herd/Feed >of Credit 1 $
7%$ Note C,C
/N
$"B"
Exhibit )8
53
-""$'to
Amendments D%@6Agreementi
$ Herd/Feed -%"$(4) B9 Exhibit CC
/N
$"C" ))
55
D%@6Loan
Herd/Feed > Extension
/N$' Letters
>$$%'B9
(4) C?C
/N
$"D"
Exhibit
76
(@I@ $$%from
9/8/17 letter ,!to
7% "Bank :%*V
$ Triple re further
%no N$' '
7%$
%extensions Exhibit C/C
/N
$"E" I)
85
$ $
D%@6>
to the Herd/Feed Loan
D7%Credit
Heifer -%"$
%$Agreement Exhibit C6C
/N
$"F" II
88
Heifer >of
D7%Line 7%$ 1 $
Credit Note C&C
/N
$"G"
Exhibit
107
-""$' D%@6%$
Amendments Herd/Feed Credit (3)
B8 Exhibit CDC
/N
$"H"
11 O
Heifer > /N$'
D7%Loan >$$%'(B9
Extension Letters 4) Exhibit C+C
/N
$"I" 8
132
(@I@letter
9/8/17 $$%from ,!to
7% "Bank :%*V
$ Triple re further
%no N$' '
7%$
%extensions Exhibit CC
/N
$"J" 9
141
$
Heifer
7 %the
for >
D7%Loan
D%@6
Herd/Feed 4%$< -%"$
Security Agreement ^.C
/N
$"K"
Exhibit 99
144
=filed
UCC-1 R@@
11/26/12 Exhibit C>C
/N
$"L" ))
155
D7%4%$<
Heifer -%"$E
Security Agreement' Exhibit ^C
/N
$"M" )I
158
> Star
Lone 4$%%$ -%"$
Credit Agreement C1C
/N
$"N"
Exhibit (
169
> Star
Lone 4$%Dairy 1 $@$
?%<Note/ dated )@@8
5/16/13 Exhibit CC
/N
$"O" (
191
:%"Note
Term 1 $dated
$5/16/13
)@@8 C#C
/N
$"P"
Exhibit (8
193
> Star
Loan 4$%%$
Credit Agreement -""$'(5)
-%"$Amendments B) Exhibit CUC
/N
$"Q" ()
195
> 4$%/N$' >$$%'B8
Lone Star Extension Letters (3) Exhibit C0C
/N
$"R" 8
223
(@I@$$%
9/8/17 letter from ,!to
7% "Bank /%and
$ Edward April $to
-*%not N$
$ extend Exhibit C4C
/N
$"S" 9
240
"$%$<$ $
> 7%$:%">
maturity date on the Line of Credit and Term Loan
> 4$%
Lone -%"$
4%$<Agreement
Star Security Exhibit C:C
/N
$"T" 98
243
=
UCC'-ls ) CC
/N
$"U"
Exhibit )9
254
:
Two Star -%"$
%$Agreement
4$%Credit Exhibit CC
/N
$"V" 8
263
2*%$Line
Operating > 7 1 $
%$Note
of Credit CFC
/N
$"W"
Exhibit I)
285
: 4$%Credit
Two Star Agreement -""$'(5)
%$-%"$Amendments B) Exhibit CLC
/N
$"X" I
287
:
Two 4$% /N$' Letters
Star Extension >$$%'(3)
B8 Exhibit CAC
/N
$"Y" 8I
308
letter 7% "
(@I@$$%
9/8/17 ,!to
from Bank '
$ Jose %<no
and Mary further
7%$
% Exhibit CTC
/N
$"Z" 8)
315
N$' '
extensions
> Star
Lone 4$%Security -%"$
4%$<Agreement Exhibit C--C
/N
$"AA" 8I
318
=
UCC-1 C,,C
/N
$"BB"
Exhibit 8I
328
&%$<
Guaranty CC
/N
$"CC"
Exhibit 88)
335
8
31
/LD+,+:-
EXHIBIT 'A'
32
8
E
Triple
:%* Dairy [
)""
V ?%<$2.
Smm RLOC 0>2
2012 D%@6
Herd/Fed
?<
Dairy D%@6
Herd/Feed Line 7
> Creidt: 89(=
of %$
361
4290- 1
0/
CRED E /:
&0/
T I +:AGRE
MENT
E
This <%$
:
' dated '
is
agreement ' of 1 5"%
as 7November (
19, E
2012. +' between :0+#>/
lt is $ TRIPLE V ?-+0A
DAIRY,
a 7 %
Ca
forn
li ia gene
lar
% partn
sherip
*%$%'
*
B], %"%^ and 0-,2,-1.
("Borrower") RABOBANK , 1-
N.A., l !
a $
nationa bank
ng i associat
on i
'' $ ("Lende
. ) r''
B^>%^
, %% %
Borrower %Q'$'that >%
requests $
$ Lender *% 5
prov
de i
a
line 7
of %$
cred . >
t i to , %% %
Borrower Lender F provide a"
will *% 5 lni e ?+credit, '"K
of +> subej ct
to $
the
$%"'
terms 7this %"$
of
' agreement.
1.01
:
The >of %C
Line 7Credit. >%shall N$
Lender '
extend cred
%$(the ]>
t i B$
"Line )"t i 7% "
of $$C
Cred from $"
time $
to $"
tm
i e %
during the period "
$
*% from
the '
Closing ?$
Date $
to $
Maturity ?$
the $%$< Date B'
(such *%
period,
incuding
l extens
ons,i
N$' ' if <
K any, $
the ]-5$<
"Avai
ab
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) " <
#% C making '
loasn $
to
, %% % (each '
Borrowre B
loan
such a C> Con a %5
"Loan") revo
ving
l bas.si
''
1.02
N""
Maximum -" $
Amount. :
The %$* l
aggregate unpaid *"*
principa ba
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l e K $
> '"'$
of the not N
Loasn must $exceed $
the ''%
lesser 7;
of: B$
(i)
)
)E
$2
500
000.00
,, (ii) )\
or B
% 75% 7$
, %%
of the Borrowing ,'
Base.
1.03
8 , %%
Borrowing ,'
Base.
(a)
B8 C, %%
"Bor
owing
r Base" "'
,'C
'"
means the sum K
of:
(i)
B \
100% 7
of /
Eligib Accounts 05
e l - $' Rece
vablei other $
$
%than /
El
gieibl ?7
Defer
der kl - $'
Mi
!Accoun
ts 05;
Receiva
e;bl plus
*'
(ii)
B \
100% 7the
of $
Value 7
of /
Eligeibl Invenort;y
+5$ %<; plus
*'
(iii)
B+++ \
100% 7the
of $
Value 7
of /
Eligible ?%<
Dairy $$G
Cattle; *'
plus
(iv)
B+5 \
100% 7
of $
the /
Eligible ?7%% Milk - $'
Deferred ! Accounts 05G
Rece
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*'
(v)
B5 \
100% 7the
of $
Value 7
of /
Eligeibl 6 Inventory; ""
Feed +5$ %<G plus
(vi) \
100% K
of / Prepaid 6
Eligible #%* Feed /N*'';
Expens
es; *'
plus
(vii)
B5 \
100% Z
of /
Elgi ible Inves
ttnm
e
+5'" Growing "*'G
in &% Crops; "'
minus
(viii)
B5R Re
atled #<';
0$Payab
es; l "'
minu
.s
(ix)
BN
"
the amount 7any 5%%'
of <overdrftsa <
on any $
account Z r
of , %% %
Borrowe with >%E
Lender.
(b)
B For *%* ''
6 %purpo
es
s 7of $ 7
calcu
ation
l the , %%
of $
Borrowing ,';
Base:
(i)
B "Accounts 0]
C- ' Rec
vab
ee"i l "'
means $'
accounts whch:i
(A) %'
B-arise B$ %
from the providin g 7
*% 5 of '%5'
services %
or $
the '
sale
of '
7goods < $
%
by the owner 7
of $
the $ which "*<
account,
with $
comply $
account $ %'
desor
bt' '*"$"'
specificatio
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(if <
B7 and
5
have been
provided %
*% 5 or 5%
delivered
and have
to,
5 been *$
accepted <
account "
by, $ debtor, B, (B) %'
arise + the ordinary %'
in $
%%< course 7 of '''
business , B
(C)
N*$
except
'
in the case 7 Eligible ?7
of / Def ed
rre Milk - $'
! Accoun ts 05
Recebaivle are 5
% evidced
ne by
< invoice %%
an 5 rended
er to
$ accoun t
debtor $
$ % not earlier "
dated $% than $
the $date K
of $
the *% 5'
provision 7 of '%5)
services % or the date $
$
$ of '
*"$
shipment %$5%< 7
or delivery of '
goo,sd ' as
appcliabl,e
** (D)
5
B? have *<"$
paymnet $%"' terms *$
acceptabl e to Lend
$ >%
, re B/ (E) %
are $ not 5
evidcneed by
< a $ chattel **%
note,
$$ paper % or $
%
other
instrumt,ne
'""E (F) %
B6 are $ payable
not *< on
an '"$
instamllent bas
s,i
''
(G
B&) %
are 5
vaidl, <
legally 7 %
enfo
ceab
er l
and $ Z
uncond itiona
l obliga
sonti
$"'
of $
K account $ %debtor,
and $'W$
not subecj t to <
any '$ 7$setoff, $%"
counte im
r,acl credit,
or %$
% allowa cen or '"$
%adjustm nte by $
< accotnu %
debt,or %or
<
to any "
clam
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lai bil
tyi the
%%
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who
e l % or + part
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$
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< Borrowe r $ to >%
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the
account;
$;
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/R
"Eligib ' "'
Accounts 05
Receivable means $
net " $
the $amount 7 's r - $'
of , %% %E'
Borrowe Accounts 05
Recei
e,val b
excluding C
N all %$%'
returns, ' $'
discount
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cred
%$' and 77'$'
offsets 7any "%
of <nature. '' otherwise %
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%' agreed $ by >%
to < Lender in %
writing,
/Accounts 05
Eligible - $' Rece e ivab
l
do $ include - $'
not Accounts 05;
Receivabl
:e (A) $
B- with $'*$
respect $ to
which $
the $
account $ %
debtor '
is
an
"* <
employee %or $
agent 7 of , %% %
Borrow, re BI with %'*
(B) $
respect $ to
the $
which $
account $ % is
debtor +' a ''%<
sub
ary
di si of
7, %
or $R
affiated
li with
$
, %% %
Borrower % ts '
%
%'
or i$' shareh,sold
re officer
, s %
7R%' or %$ %'
director, s B
(C) $
with %'*$
respect $ which '
to
goods 5
are *
placed on '"$
cons
gnmeni, t
Trip
el
+%*
V ?< 4TE,"
Dairy $2.
5mm 0>2
RLOC
2012 D++6
Herdee
/Fd
edil -%"$
$
Cr Ager ement
/LD++:-A
EXHIBIT
33
88
¡-------
guaran deet
%$ sale, %
' or $
%
other terms $%"'< by %'
reason $ which "
of
the *<"$ payment by <the account "%
$
$ debtor "< may be
conditional , B?
(D)
with
respetc to
%'* $
which $
the $
account $ % debtor ' not
is $ a %'$
resident of $
the $
United 4$$'
States, N*$except to $ $
extent '
the N$$ such - $'
Account s
Rece
vable i
05% are '** %$
supported < by '%
insurna,ce bonds, %
'
other ''%'
or $
% assuranc es '$'7$ %<
satisfactory to >%
$ Lender, B/ (E) $
with %'*$
respect $ to
which
, %% %
Borrower ' is % may "
or "< become $ liaebl to $
the $
account debt $ %
or for 7 % '
goods % services %%
or '%5' rendered < the K
by $
account $ % debtor $ to
Borrower
, %%
, B6(F)
which % are 'W
subject $ to '*$
dispute, $%"
%
count rclaim,
e or ' 77
setoff, B& with %'*$
(G) $
respct e $ to
which >%Lende, r + in $'
its '
sole
discrteion
'"E , "' deems $
the %$ %$
''
creditworthin ess % or R
finacnial $
con ondi ti of
$ the $
account $ % debtor $ to be '$'7$ %<
unsatisfac tory , (H)
BD of <
any
account $ %
debtor
who
' has filRed % or
'
has had R'$
filed against it
a *$$
pet
onit in !%*$<
banrupt
k cy or
% an **$
app
ca
i ion
tl relief $
for %7
7 % under < any
provis
on i
*% 5' of <
any '$$
state % or P%
federal !%*$<
bankur ,ptyc insolv
ycne,
' 5<
or $ %==%7
% debt
ef rel
ino-ir- acts; %
$'G
'
or who has
had ** $
appo
nteid
a $%'$
trueste,
custodian
'$
% , or %5%
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ver i for $
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assets K of '
account "%G
such $ debtor; % or
who
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assignm nte for the R$
$ %
benefit $ of
cre
tor
dis
5 %' % has "
or
' become ' 5$
inso vent
l or 7'
% fails %<
generally to $ *< pay $' its $'
debts B (includ
ng i payrolls) '
its *<% '
$' as '
such $'debst "
become
due,
(I)
B+ with %'*$
respetc $ to
whihc $
the $
account $ % debtor ' is $
the $
Untedi Staets 5%"$
4$$' government % any *%$"$
or < departm nte or <
$ agency 7 of $
the $
United
States
4$$' or <
any '$
state % local 5""
or govrenment al $$< unless , %% %
entity '' Borrower has
'''
assigned +$' rights to *<"$
its %
$'+ paym nte $ of '
such - $'
Account s
05
Reecelivba to >%
+ Lender, *%'$
puruant
s $ the -''"$
to $
Assignntm e of "'
7 Claims -$ Act 940, '
of 1(9
as "
amende ,d %
or *%'$
pursuant $ to <
any '"%
similra '
state
or
% local
law, %$
regulation or %Q%"$
requirem t ne
and %are $not R
finance
%' charges on $'
accoun , s t B (J)
whihc %$
relate $ to R
finance % or '%5
service
charges
%'
, %
are
!'
holdbacks, bill
and
hold % or
will call , *%=
pre-edb,lli "*
uncompleted , *% %''
progrses '
billings, 5%=
over bill
-ed, biling
l s
' in
N'' of costs, 5%
excses K '$'
govern ed < by a * %"
perfoce
rm
na contrac
$% , t bond , de 'W$ subject $ to offs et,s $%
R'E'
trade, '$ %<
statutory ' liens, '$ "%
customer
deposits %
* '' or 7%%%5
deferred revenue , 7 % for %!
wokr in *% %''
progrse, s % or 7% " from %$
retianage, %$$
retention , '
= =5%<
cash on
delivery,
-- % cash )8\
or '
sales, B. (K)
where 20 \% % or " %
more 7 of
an - $
Accoun t 05
Receebliav B""
from a' siengl K
account $ % debtor ' is (90 <'
days % or " %
more 5%over due and B>(L) whi hc
are 8
% 30 <'
days *'$past $
the $$%
latter 7 of B the $
(i) $
date 75
of invoice, 7 if < any, % or B
(ii) $
the $
date 7 of 5$<
delivery, or 8
% 30 <'
days *'$past $
the
original ' date
when ;
due;
(iii)
B "Eligible ?
C/ Cattle" "'
Dairy $$C measn "! milk '
cows, %< dry '
cows, %
bree
ngid heife, sr F'
bull,s
7%'
'
calves and $
%
other %<
dairy
" (A)
cattle B- owned <by , $% %
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o er B $ Borrower
s ' $%'$ inter st in <
any %<$$
dairy catt e, l if <any,
wh
chi % are =
co-owned $
with 7
s ' '
"$'
, %% %E'
Borrower customers %or oth re #%' 'Y
$
% Person , s) BI
(B) $
located $ at dairy
a %< owned % or '
leased <by , $% %
Borrow
, re includ
ngi
%*"
replacem
nte
heifers
75' locaed
t at
%
$third *%$<
party $ '
locasonti
wi
th *$
accepab
let '
signed %
land
ordl 5%'
wa ivser in *;
place; B (C) 'W$
subjetc $ to
a R%'$
first *% %$<
prior
ty i
perfe
edtc
*%7$security "%'$
'%$<interest
in 75 %
favor 7
of >%;
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; re B?
(D) $
not 'W$to <
subject $ any >
Lien
in 75 % of
favor 7 #%'
a Person $
%
other $
; re
than >%G
Lend and
(E) $
%'
B/otherwise *$Zto >%G
acceptable Lender;
(iv)
B "Eli
blgei
C/ Deferred
?7%% Milk - $'
! Accont
su 0E
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bl
va "'
means - $'
Accounts 05$
Rece
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resultin
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the '
sale 7
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k l %
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$
last 120 <'
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curr net %
calend
ra year B-
<% a %"%<
from 8
(A) +$" creamrye *$
accept
able to >%
$ Lender, B,
(B) 'W$
subject to
a CB4+
first *% %$<
prityoir *%7$
perfected '%
security +U$'$
intesr t in 75 %
favor 7of Lende
, r B
><
are $
(C) %not subj
ect $
'W$to <
any >
Lien
in 75 % of
favor 7a #%'
Person $
%
other
+
Lendre
than >% (D) $
%'*$
and B? otherwise acceebl pta to %G
Lend;er
(v)
B5 "El
gbl
i ie
C/E Feed F$ C
6Invenort"y "'
means %
gran,i '
siage
l other %
and $
%roughag
e 7
feed, 7
feed 5$'
ingredi
nts
e,
and
finishde feed normally '
R'
$ 5"< used 7 %
for feedi livestock
gn +5'$ ! wh
chi ' (A)
is B-owned < by
and $
* ''''
in the possesnios of , %
7 Borrow
, r e B, (B) 'W$
subject
to
+a first * $<
R%'$ prior
ty i *%7$
perfected '"<
security $%'$
interest in 75 %
favor K
of >%G
Lende;r B(C) K
not subject $
' to <
any >
Lien + in E5 %
favor K a #%'
of Person $
% other $
than
Lende;r B?
>%
(D) $
not '*
spoi
edl or $
%'
%otherwise in
a $
condit
oni unsetab
iul
'$$ for 7
B %feed
ngi lives
ock;
t
5' !;
and B/(E) $
%'*$
otherwi
es accepatleb to
$
Lender;
>%
(vi)
B5 "Eligblie
C/ Inventory" "'
5"C measn +5$ %<
Invetnory
wh
chi +'
is B- <
(A) owned by
and
in the possession K
$
* '''' r e
of , %% %
Borrow and
locatde +
$ the $
in $
United 4$'
State,s B,
(B) 'W$
subject $
to
a R%'$ priority *$
first *% %$< perfeedct security +$%'$
'%$<intes
er t in 75 %
+ favor 7
of >%;
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(C) $
not 'W$
subject $
to
any >
<Lien +
in 75 %
favor 7a #%'
of Person $
%
other $
than >%
Len;edr
and B?
(D) $
%'
otherwise *$
accep
bealt to >%G
Lender;
(vii)
B5 "Elgibl
i e
C/ +5'$"$
Invest m
ne in &%
Grow Crops" "'
ng i % 'C mea
sn $ cash N*''
actual '
expe sesn incurrde
%% in $
conn
onei tc with
$
the produtcion K
$
*% $ of % *'
crop,s ' as **% 5
approve d <by >$
Lend, er $
not
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onatec
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*%$
and $"
onet-ime 5 *"$
developm nte costs
'$' and
N*''
expeses
n incurred +
%% in $
connection
wiht $
the *% $
prodctuion of % *'
7 crops
%5'$G
harvetsed : 5'$"$
investm
nt
e Z
to relieved '
be %5 as % *'
crops %
are
harvested;
%5'$;
B
(vi
i)i e l #$
"Eligib
C/
Prepadi 6
Feed / Expe
ses"
n
N*c''C "'
mea the " $'
sn ]) amounts *%*to 5 %'
prepaid $ vendors accept
ble
a
*$to >5
$ "
Lendre for
$
*%
'
the purchsae feed "" $'
of $ commod
ies
it *$
acceptable $ to >%
Lend
; re
(ix)B "In5$ C
C
veotry
n" "'
mea sn 5$ %<
inventryo
whi:ch B- (A) +' is K Inventory
not +5$ %< 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$$'
States 7 of
-"%
Amicrea or <
; any *%$"$
departm nt
,e <
agency % or '$%"$<
instrulity
nt
m
ae "" K
thereof and +in %'*$
respe tc 7 of
whihc +5E %<$
Inventroy the , %'
Borrows r e '
$ shall
5 receivde <
have 55 any *% %''
progress % other 5
or $
% advacne *<"$
payment
whihc ' or "<
is % may be **
appeldi against <
'$ any Acco -"'
unts %$
genaetr d
*
upon the sale %
' or '
lease 7 of <any '
such 'G
good; s (B) is $+5$ %<
B,' not Invenroty *%
prodcued in 5 $
violaonti 7 of $
Fair > %
the 6% Labor 4$%'
Standrads act and
subject to
'W$ the ]
$
$ $
"hot '^
good"s *% 5' '
provisions $
contane di Title (
in :
U .S.C. ))
29
4
§21
5 % any ''' %
or < successor '$$$ statute % or '$ G
section; B (C) ' is $
not
(1) *!
B packag
gin % or '
**
shipping "$%'
mate
s, ria
l (2) '
B goods '
used in $
connenotci with "$
$
maint
cenane or repair of *% *'
K%*% 7 proprie
est or ''$'
% assets
owned < by , $
Borrower, &%$ %
Guara ,tonr or <
% any 4'%<
Sudiary
bsi of , %% %
7 Borrower % or &%$ %
Gua an
, rrto (3) %
B8 genealr supp
e,sli
'**'
excluding 7
N fuel and
oil
Trip
el V5
Da
ryi $2.
5mm
) )"" 2012 dC;5
RLDC Herd/Feed
"
t i -""
Cred Agrent
me
2
34
89
/LD+,+:-
EXHIBIT 'A'
32
8
E
Triple
:%* Dairy [
)""
V ?%<$2.
Smm RLOC 0>2
2012 D%@6
Herd/Fed
?<
Dairy D%@6
Herd/Feed Line 7
> Creidt: 89(=
of %$
361
4290- 1
0/
CRED E /:
&0/
T I +:AGRE
MENT
E
This <%$
:
' dated '
is
agreement ' of 1 5"%
as 7November (
19, E
2012. +' between :0+#>/
lt is $ TRIPLE V ?-+0A
DAIRY,
a 7 %
Ca
forn
li ia gene
lar
% partn
sherip
*%$%'
*
B], %"%^ and 0-,2,-1.
("Borrower") RABOBANK , 1-
N.A., l !
a $
nationa bank
ng i associat
on i
'' $ ("Lende
. ) r''
B^>%^
, %% %
Borrower %Q'$'that >%
requests $
$ Lender *% 5
prov
de i
a
line 7
of %$
cred . >
t i to , %% %
Borrower Lender F provide a"
will *% 5 lni e ?+credit, '"K
of +> subej ct
to $
the
$%"'
terms 7this %"$
of
' agreement.
1.01
:
The >of %C
Line 7Credit. >%shall N$
Lender '
extend cred
%$(the ]>
t i B$
"Line )"t i 7% "
of $$C
Cred from $"
time $
to $"
tm
i e %
during the period "
$
*% from
the '
Closing ?$
Date $
to $
Maturity ?$
the $%$< Date B'
(such *%
period,
incuding
l extens
ons,i
N$' ' if <
K any, $
the ]-5$<
"Avai
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) " <
#% C making '
loasn $
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, %% % (each '
Borrowre B
loan
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"Loan") revo
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l bas.si
''
1.02
N""
Maximum -" $
Amount. :
The %$* l
aggregate unpaid *"*
principa ba
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> '"'$
of the not N
Loasn must $exceed $
the ''%
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(i)
)
)E
$2
500
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,, (ii) )\
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% 75% 7$
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1.03
8 , %%
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B8 C, %%
"Bor
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r Base" "'
,'C
'"
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of:
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B \
100% 7
of /
Eligib Accounts 05
e l - $' Rece
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$
%than /
El
gieibl ?7
Defer
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Mi
!Accoun
ts 05;
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100% 7the
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Value 7
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(iii)
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100% 7the
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(vii)
B5 \
100% Z
of /
Elgi ible Inves
ttnm
e
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in &% Crops; "'
minus
(viii)
B5R Re
atled #<';
0$Payab
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minu
.s
(ix)
BN
"
the amount 7any 5%%'
of <overdrftsa <
on any $
account Z r
of , %% %
Borrowe with >%E
Lender.
(b)
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6 %purpo
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s 7of $ 7
calcu
ation
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B "Accounts 0]
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*% 5 of '%5'
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7goods < $
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the $ which "*<
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B7 and
5
have been
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5 been *$
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account "
by, $ debtor, B, (B) %'
arise + the ordinary %'
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%%< course 7 of '''
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(C)
N*$
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'
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rre Milk - $'
! Accoun ts 05
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% evidced
ne by
< invoice %%
an 5 rended
er to
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debtor $
$ % not earlier "
dated $% than $
the $date K
of $
the *% 5'
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$
$ of '
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shipment %$5%< 7
or delivery of '
goo,sd ' as
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5
B? have *<"$
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$ >%
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are $ not 5
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B6 are $ payable
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B&) %
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vaidl, <
legally 7 %
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uncond itiona
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K account $ %debtor,
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not subecj t to <
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ass gnme
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$;
(ii)
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/R
"Eligib ' "'
Accounts 05
Receivable means $
net " $
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Borrowe Accounts 05
Recei
e,val b
excluding C
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returns, ' $'
discount
,s ts i
cred
%$' and 77'$'
offsets 7any "%
of <nature. '' otherwise %
Unless $
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to < Lender in %
writing,
/Accounts 05
Eligible - $' Rece e ivab
l
do $ include - $'
not Accounts 05;
Receivabl
:e (A) $
B- with $'*$
respect $ to
which $
the $
account $ %
debtor '
is
an
"* <
employee %or $
agent 7 of , %% %
Borrow, re BI with %'*
(B) $
respect $ to
the $
which $
account $ % is
debtor +' a ''%<
sub
ary
di si of
7, %
or $R
affiated
li with
$
, %% %
Borrower % ts '
%
%'
or i$' shareh,sold
re officer
, s %
7R%' or %$ %'
director, s B
(C) $
with %'*$
respect $ which '
to
goods 5
are *
placed on '"$
cons
gnmeni, t
Trip
el
+%*
V ?< 4TE,"
Dairy $2.
5mm 0>2
RLOC
2012 D++6
Herdee
/Fd
edil -%"$
$
Cr Ager ement
/LD++:-A
EXHIBIT
33
88
¡-------
guaran deet
%$ sale, %
' or $
%
other terms $%"'< by %'
reason $ which "
of
the *<"$ payment by <the account "%
$
$ debtor "< may be
conditional , B?
(D)
with
respetc to
%'* $
which $
the $
account $ % debtor ' not
is $ a %'$
resident of $
the $
United 4$$'
States, N*$except to $ $
extent '
the N$$ such - $'
Account s
Rece
vable i
05% are '** %$
supported < by '%
insurna,ce bonds, %
'
other ''%'
or $
% assuranc es '$'7$ %<
satisfactory to >%
$ Lender, B/ (E) $
with %'*$
respect $ to
which
, %% %
Borrower ' is % may "
or "< become $ liaebl to $
the $
account debt $ %
or for 7 % '
goods % services %%
or '%5' rendered < the K
by $
account $ % debtor $ to
Borrower
, %%
, B6(F)
which % are 'W
subject $ to '*$
dispute, $%"
%
count rclaim,
e or ' 77
setoff, B& with %'*$
(G) $
respct e $ to
which >%Lende, r + in $'
its '
sole
discrteion
'"E , "' deems $
the %$ %$
''
creditworthin ess % or R
finacnial $
con ondi ti of
$ the $
account $ % debtor $ to be '$'7$ %<
unsatisfac tory , (H)
BD of <
any
account $ %
debtor
who
' has filRed % or
'
has had R'$
filed against it
a *$$
pet
onit in !%*$<
banrupt
k cy or
% an **$
app
ca
i ion
tl relief $
for %7
7 % under < any
provis
on i
*% 5' of <
any '$$
state % or P%
federal !%*$<
bankur ,ptyc insolv
ycne,
' 5<
or $ %==%7
% debt
ef rel
ino-ir- acts; %
$'G
'
or who has
had ** $
appo
nteid
a $%'$
trueste,
custodian
'$
% , or %5%
rece
ver i for $
EK the ''$'
assets K of '
account "%G
such $ debtor; % or
who
' has "made an ''"$
assignm nte for the R$
$ %
benefit $ of
cre
tor
dis
5 %' % has "
or
' become ' 5$
inso vent
l or 7'
% fails %<
generally to $ *< pay $' its $'
debts B (includ
ng i payrolls) '
its *<% '
$' as '
such $'debst "
become
due,
(I)
B+ with %'*$
respetc $ to
whihc $
the $
account $ % debtor ' is $
the $
Untedi Staets 5%"$
4$$' government % any *%$"$
or < departm nte or <
$ agency 7 of $
the $
United
States
4$$' or <
any '$
state % local 5""
or govrenment al $$< unless , %% %
entity '' Borrower has
'''
assigned +$' rights to *<"$
its %
$'+ paym nte $ of '
such - $'
Account s
05
Reecelivba to >%
+ Lender, *%'$
puruant
s $ the -''"$
to $
Assignntm e of "'
7 Claims -$ Act 940, '
of 1(9
as "
amende ,d %
or *%'$
pursuant $ to <
any '"%
similra '
state
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-edb,lli "*
uncompleted , *% %''
progrses '
billings, 5%=
over bill
-ed, biling
l s
' in
N'' of costs, 5%
excses K '$'
govern ed < by a * %"
perfoce
rm
na contrac
$% , t bond , de 'W$ subject $ to offs et,s $%
R'E'
trade, '$ %<
statutory ' liens, '$ "%
customer
deposits %
* '' or 7%%%5
deferred revenue , 7 % for %!
wokr in *% %''
progrse, s % or 7% " from %$
retianage, %$$
retention , '
= =5%<
cash on
delivery,
-- % cash )8\
or '
sales, B. (K)
where 20 \% % or " %
more 7 of
an - $
Accoun t 05
Receebliav B""
from a' siengl K
account $ % debtor ' is (90 <'
days % or " %
more 5%over due and B>(L) whi hc
are 8
% 30 <'
days *'$past $
the $$%
latter 7 of B the $
(i) $
date 75
of invoice, 7 if < any, % or B
(ii) $
the $
date 7 of 5$<
delivery, or 8
% 30 <'
days *'$past $
the
original ' date
when ;
due;
(iii)
B "Eligible ?
C/ Cattle" "'
Dairy $$C measn "! milk '
cows, %< dry '
cows, %
bree
ngid heife, sr F'
bull,s
7%'
'
calves and $
%
other %<
dairy
" (A)
cattle B- owned <by , $% %
Borrw (not including , 5E'
o er B $ Borrower
s ' $%'$ inter st in <
any %<$$
dairy catt e, l if <any,
wh
chi % are =
co-owned $
with 7
s ' '
"$'
, %% %E'
Borrower customers %or oth re #%' 'Y
$
% Person , s) BI
(B) $
located $ at dairy
a %< owned % or '
leased <by , $% %
Borrow
, re includ
ngi
%*"
replacem
nte
heifers
75' locaed
t at
%
$third *%$<
party $ '
locasonti
wi
th *$
accepab
let '
signed %
land
ordl 5%'
wa ivser in *;
place; B (C) 'W$
subjetc $ to
a R%'$
first *% %$<
prior
ty i
perfe
edtc
*%7$security "%'$
'%$<interest
in 75 %
favor 7
of >%;
Lend
; re B?
(D) $
not 'W$to <
subject $ any >
Lien
in 75 % of
favor 7 #%'
a Person $
%
other $
; re
than >%G
Lend and
(E) $
%'
B/otherwise *$Zto >%G
acceptable Lender;
(iv)
B "Eli
blgei
C/ Deferred
?7%% Milk - $'
! Accont
su 0E
Recei
e"
bl
va "'
means - $'
Accounts 05$
Rece
e l iv
ba g 7% "
resultin
%'$ from $
the '
sale 7
of
fluid mi
k l %
"!dur
ngi the '$
$
last 120 <'
days K of the $
curr net %
calend
ra year B-
<% a %"%<
from 8
(A) +$" creamrye *$
accept
able to >%
$ Lender, B,
(B) 'W$
subject to
a CB4+
first *% %$<
prityoir *%7$
perfected '%
security +U$'$
intesr t in 75 %
favor 7of Lende
, r B
><
are $
(C) %not subj
ect $
'W$to <
any >
Lien
in 75 % of
favor 7a #%'
Person $
%
other
+
Lendre
than >% (D) $
%'*$
and B? otherwise acceebl pta to %G
Lend;er
(v)
B5 "El
gbl
i ie
C/E Feed F$ C
6Invenort"y "'
means %
gran,i '
siage
l other %
and $
%roughag
e 7
feed, 7
feed 5$'
ingredi
nts
e,
and
finishde feed normally '
R'
$ 5"< used 7 %
for feedi livestock
gn +5'$ ! wh
chi ' (A)
is B-owned < by
and $
* ''''
in the possesnios of , %
7 Borrow
, r e B, (B) 'W$
subject
to
+a first * $<
R%'$ prior
ty i *%7$
perfected '"<
security $%'$
interest in 75 %
favor K
of >%G
Lende;r B(C) K
not subject $
' to <
any >
Lien + in E5 %
favor K a #%'
of Person $
% other $
than
Lende;r B?
>%
(D) $
not '*
spoi
edl or $
%'
%otherwise in
a $
condit
oni unsetab
iul
'$$ for 7
B %feed
ngi lives
ock;
t
5' !;
and B/(E) $
%'*$
otherwi
es accepatleb to
$
Lender;
>%
(vi)
B5 "Eligblie
C/ Inventory" "'
5"C measn +5$ %<
Invetnory
wh
chi +'
is B- <
(A) owned by
and
in the possession K
$
* '''' r e
of , %% %
Borrow and
locatde +
$ the $
in $
United 4$'
State,s B,
(B) 'W$
subject $
to
a R%'$ priority *$
first *% %$< perfeedct security +$%'$
'%$<intes
er t in 75 %
+ favor 7
of >%;
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(C) $
not 'W$
subject $
to
any >
<Lien +
in 75 %
favor 7a #%'
of Person $
%
other $
than >%
Len;edr
and B?
(D) $
%'
otherwise *$
accep
bealt to >%G
Lender;
(vii)
B5 "Elgibl
i e
C/ +5'$"$
Invest m
ne in &%
Grow Crops" "'
ng i % 'C mea
sn $ cash N*''
actual '
expe sesn incurrde
%% in $
conn
onei tc with
$
the produtcion K
$
*% $ of % *'
crop,s ' as **% 5
approve d <by >$
Lend, er $
not
incl
ng uid dep
onatec
i ri
*%$
and $"
onet-ime 5 *"$
developm nte costs
'$' and
N*''
expeses
n incurred +
%% in $
connection
wiht $
the *% $
prodctuion of % *'
7 crops
%5'$G
harvetsed : 5'$"$
investm
nt
e Z
to relieved '
be %5 as % *'
crops %
are
harvested;
%5'$;
B
(vi
i)i e l #$
"Eligib
C/
Prepadi 6
Feed / Expe
ses"
n
N*c''C "'
mea the " $'
sn ]) amounts *%*to 5 %'
prepaid $ vendors accept
ble
a
*$to >5
$ "
Lendre for
$
*%
'
the purchsae feed "" $'
of $ commod
ies
it *$
acceptable $ to >%
Lend
; re
(ix)B "In5$ C
C
veotry
n" "'
mea sn 5$ %<
inventryo
whi:ch B- (A) +' is K Inventory
not +5$ %< wh
chi ' is $
ded
caeidt to, +$R
$ identifi
e ab l wi,ht K
$
or '
is
$
'
otherwise '*R<
spefic
ci laly '
to be used in the
"$%
manufac tur
e of, '
$
goosd wh
chi % are to be '
sold % or '
leased $ to "
the $
Un
teid 4$$'
States 7 of
-"%
Amicrea or <
; any *%$"$
departm nt
,e <
agency % or '$%"$<
instrulity
nt
m
ae "" K
thereof and +in %'*$
respe tc 7 of
whihc +5E %<$
Inventroy the , %'
Borrows r e '
$ shall
5 receivde <
have 55 any *% %''
progress % other 5
or $
% advacne *<"$
payment
whihc ' or "<
is % may be **
appeldi against <
'$ any Acco -"'
unts %$
genaetr d
*
upon the sale %
' or '
lease 7 of <any '
such 'G
good; s (B) is $+5$ %<
B,' not Invenroty *%
prodcued in 5 $
violaonti 7 of $
Fair > %
the 6% Labor 4$%'
Standrads act and
subject to
'W$ the ]
$
$ $
"hot '^
good"s *% 5' '
provisions $
contane di Title (
in :
U .S.C. ))
29
4
§21
5 % any ''' %
or < successor '$$$ statute % or '$ G
section; B (C) ' is $
not
(1) *!
B packag
gin % or '
**
shipping "$%'
mate
s, ria
l (2) '
B goods '
used in $
connenotci with "$
$
maint
cenane or repair of *% *'
K%*% 7 proprie
est or ''$'
% assets
owned < by , $
Borrower, &%$ %
Guara ,tonr or <
% any 4'%<
Sudiary
bsi of , %% %
7 Borrower % or &%$ %
Gua an
, rrto (3) %
B8 genealr supp
e,sli
'**'
excluding 7
N fuel and
oil
Trip
el V5
Da
ryi $2.
5mm
) )"" 2012 dC;5
RLDC Herd/Feed
"
t i -""
Cred Agrent
me
2
34
89
%(4) %!=+5*"''G
or B9 work
process
- n-i ; "*'with
(D) complies
B?
, %*%'$$ '
%%$'
all warranties repres
ntation
e s covenant
and 5$'
s in+the >
$
Loa ? "$'
n Docum
ntes rela
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t
%$
the
erto;
5$ G (E)
B/i'
s not *$
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e e to
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>5 due to
typ
age, %<
e, category
$<*
, quality
Q$<and/or Q"<G
@ %quantity ; and (F) $subject
B6is'noi '"=
to B
<
any li'
censing, *$$
patent, royalty
% <$<
, $%"%!
trademark %"or
, tradename % *<%
$
copyright agr%"$
ement of <other
$any #%'
$
%Per os n tha$
K mat
t would erially
"$%<
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%'5 >%'
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%otherwise '* '
spose 7 '
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of such +5 %<; provided,
*% 5
that
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nte with
$
>%'
Lender's %"
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t di *%'
practic C "ti"
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$ $" upon 30 8day
<' *% %written
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cei to , %% %
$ Borower, '$
designat %''
e categori es
7i
of neli
bleig +5$ %<
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add
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ti i $ $
'
to tho 5G
se above *% 5
; prov , d al
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$ '$ shall '
beimmediately
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t
*
upon B
the
occurrence of K
an Eve/5$
nt 7 ?7$
of Defa ult or %K /5$
if an Event of ?
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n exi stenec at $
ti$"
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signat
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BN C0$
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ated #<'M
Payables "'
' means all $%
trad $*<'
e account payablse @ %
and $
%
/or othe *
r unpa '$'
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ts of Q%
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$%%
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5
$
valu %
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5' or if not
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i an
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< such sche
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as
then '$
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nder and
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$ Eligible Feed In+5%<Eligib
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5
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ma *$to
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, 5% %*%* ''
Base for purpo es
s 7$
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n wi de
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te
7
%5
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in accor ce
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with 4$ 9
. Th
tion 4.01/d) e
:
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Base for 7 %*%* ''
purposes of 7sub ''Q
sequ
nte > '
Loan s will
be
$%"
dete mrinde by Borrw
<, %% % subject
5%
oer, 'W$ howeve
, r $ to adjW'$"$'
sum
tens by >%
<Le nder con sitsent
''$$ with
$
this
$
'ag%"$
er emne. t /
Loa
Each >
n Re 0Q'$
quest for
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>
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be deemed represen
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$
$ *
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unp aid principal ba
*%*
lance of 7the
$
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tedi aft
%$ %
er the $
reques
%Q'$ ted Loa > n wi $ $N
ll not exceed the "N""
$
maxi mum amo " $
unt of 7the
$
Line
>of
7Credit unde
5 %
r Section
4$ 1.02
.
Not wng
tand
th
si i
1 $$
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$
pr oviisnos
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thi
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s '$ sect
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the $%%<
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y as'
a *5 $
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y Loa n %Q%
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$5% to
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der acurr ent Bor
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Base %$R$Cert
fica
i.et
1.
9
04 > '
Loans under the >
Line of Credit. > '
7%$
%the
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Lin
>
e of
Credit %subject
%$are 'W$to
$ Articl
e 4.9
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) 05 51$%
Revolving :
Nature. Th
e >
Line of edit is arevo
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l lC
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7credit;
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during
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to $
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7$
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.
1.06
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unp
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7Loans %
er the
Line
>of Credit wi
7%$ %in
ll bear
teer st
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$arate Q
$eq ual t$ o
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' month >+,20
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the LIBOR *' plus )\
2. 750% per "
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, Adjust ed on "first
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each Line> 7 of Cr edit Month
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7$
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$
fiR7$
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7 $
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success
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1.07
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;nest ""<
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Date.
(a)
B , %% %
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'
%
pay acc eur d inte es
rt
$%'$on Li
the >
ne of
7Cr Janu
edit on
5 %< 8
ayr 5,)
2013 the
and on $
fifth <of
R7$
day
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" $
month 7$%
after $
the Closing ?$
' Date to
$ the Maturity Da
$
$%$< et.
?$
(b)
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'
pay >
Line K
of Credit prin
%$ iclap
*%* in the
" $
$
amount of )
7$1
600
0, 00
,.
on Janu
ray 5,) 2013
%< on
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fift
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<of
day K ""
each mon th thereafte
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%7$% the <?
C8 Maturity Date (defied
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B7 herein)
.
%
(e)
B :
unp
The *
d ia *%*
prnicipal
balance 7
of, all *
un "
paid accr
ued i$%'$
nter st on all
, and
E oth
er charges
$
% %
%'un
der this "K
$
'agreeme
nt
with $"
R$
the Li>"
$
respect to ne 7
of Cred
t, i shall
%$
*
'
be paid on ?"%
Decem
erb 5, 8(the
)E2013 B$
"Matu
tyri
]$%$<?$]
Date
. )"
1.
I
08 #<"$'
Prepayment
s. 4W$
Su
bejct $ 4$
to Sec
oni t 2.
(
#%*<"$'
09, Prepaymen $
>
s t of Kthe Line of
KCre "<be
dit may
$$ "at
made $any
<ti$"" K
me without
*%*<"
prepayme
nt fee or *!<
%pen
ty.al
(
1.09 :
1 $
The Not. e > ' %the
Loans under $
Li
ne of
> 7Cred
t i will
%$ evide
be 5
cedn by $
'%"$
<this
d aprom
agreement an ssory
i
*% "'' %<note
$in
+ a
F"*$ 5
form prov
ded
i by >%
<Lender B$
(the C88
"No
. e)t"
-0:+>/
ART 2 -=2/1-1:4
ICLE COVNEAN
TS 0/&-0?+1&
RE :D/>2-14
GARDING THE LOANS
2.01
>
Loan 0 ''
Request . s Eac /
>
h Loan will be "
ma de upon* the %Q'$
$
requ est of , %% %
Borro C>
wre (aB"Loa n Re qu
. )e" ts
0'7 /
Lo
Each >
an
0Q' (a) "'$
Request B must "*<
comlpy wit h the
$
%Q%"$'
requir etsme
n of $
KArticle 8;I; (b) at Lend
B$ >%'
ser' opti,on mu
*$ "'$
st berece
ved i
%5 by >'K
<Len der be %
fore 1;
:00 pm*"
(Caaliforn
i
B " time) on
$" a ,'''
Business ?<
'
Day which is not ess $
$l'' Bu
than one ,'''
sinses ?<
Day prio r to
*% % $ the
$
date
$of
7the
$
Loa ;n and
> G (c) "'$
B; must spec
fy i
'*<
the " $
+
of "
amount Loan. 1
the > > wil
No Loan l
"7
be made if the interest $
P
$$'E rate for %that > wou
$
$Loan Nthe
ld exceed $
MaN""
mum
xi Ra
e.t
0
/
Eac >
h Loan
+;
Trip
el V
"
?<
Daryi S2
edit -%"$
Cr Ager nt
eme
D"
5m. m 0>2
RL
OC 2012 D@6%
SHe
rd/Feed
35
8)
0Q'$
Request will
be $%5
irrevocab
e. l Lender "<
>5 postpone "!
may * '* mang
ki any >
< to $
Loan $ extent >%
the N$$ is <
Lender ' delayed <fire, %$
Q!
by R%
earthqu
eka or
$
re %"'$
$
%
anoth circumstance $'
outs
dei >%M' '
Lender's reasonab
e l control.
$%
2.02
"
Computation of Intere All "*$$ '
t.s -
7+$%'$
of %
computations 7 interest %
accrued $%'$ under $
Loan ? "$'
the > Documents other $
than
$%'$$the N""
interest at $
Rate,
Maximum 0$ all "*$$ '
and comp
tations
u of
'
Kfees %the >
under $
Loan ? "'
Documents
, be "
will made
on $
the ''
bas of
s i 7 a <%
year 7
of
X
8
360 <' for
days 7 % actual "%
the $ number 7 of <'
days B
(including $
first <
the R%'$ day $
but N$
excluding the '$
last < ; de
day) *'
elaps all "*$ '
and comput
ons i t a of
ts %
intere
%' accrude K the N""
at $
Maximum 0$ Rate based *
be '
will upon a <%
year
of $
actual "%
the $ number 7 of <'
days in B
the %'*$5
respetive
c year. 4W$
<%
Subject to
$
Sect
oni
4$ 2.05, $
%
) is
there ' limit
no "$ $
"
on the that
amount $
$ a %$
rate 7 interest '"K
of $'$ to -W'$"$
subject Adjutsment < Lender "<
by >% may %'
increase $ any
at <one
time, %
"
or
in $
the 5$E
aggregat.e >%'
Lender's $%"$
determination Kof
a %$
rate 7
of $%'$ "K
interest will be '5
conclusiv, e '$
absent +'$
manifest %% %
error.
2.03
8 >$
Late 6
Fee. To: the extent *%"$$
$
N$$ perm
ttedi by -**
< Appli
e ab
cl >
Law, , %% $
Borrower '
pay
shall *< a $
late 7
fee the " "
in $
amont
u 7 of
\
6.000%
7$
" $ 7<'
*<"$*% %$ $
$%$<?$$
$' $* 7 F;*% 5
5%
of the amount of any schedu ed l payment due prior to the Maturity Date that is not paid in full when due; prov ded,i however , that
< *<"$
any paym nte %
for $
full " $
the 7 $
amount then due $
$ is "
that ' within
made $
1 O <'
days its
of $' due $
date '
not
shall $ be 'W$ to )
subject $ a +' fee. A
late 7
The
impoition
s
"* '$
and *<"$
paymen t 7
of
a +
late 7
fee
will $contsitute
not '$$$a 5%
waivre 7 of >%E'
Lender's %
$'
rights $
with %'*$ to
respetc $ an /5$
Event 7of ?7$
Default ' a %]
as res
t lu
of that $
7$
$ late *<"$
payment.
2.04
9 ?
$ Rate. *
Default 0$
the %$
Upon $
of
occurrnece Kan /5$
Event K?7$
of Default, $
the *%*
princialp
balance 7
> '
of the Loans
and, to
$ the
extent *%"$$
N$$permitted <
by Appl
cable
i
-**>
Law,
all $
%2'
other Obliga
ions
t shall, 7% "
'
from $
the $of
date an /5K
Event K
of ?7
Default $
until $
the $
date >5
Lendre $R'
notifies
, %% %
Borrowre $
$ that '
/5$
such Event 7 of ?$ is 5
Default ' wa
ved
i or %
%cured %
or
all 2$ '
Obgations
li are *
% padi full, %
in
bear $%'$
inteerst $ at $
the ?7$0$E
Default Rat.e
Subject $
4W to $
*% 5' '
the provisions of 4$
7 Section
)
2.05, $
the ?$ Rate" "'
"Default 0$C means B(a) $
with %'*
respect the *
to $
unpiad *%*
principal balance 7
of <
any
Loan, the
> $
%$ per "
rate *% annum
whi
ch ' is Q
equal to $ the$
$
%'
otherwise **
app
e cballi plus 5.)
\
rate, *'
%$
000% *% per "G
annum; and B (b}
with %'*$
respect $ to
all
other 2$ '
$
% Obgliations,
\
10
000
. % *% per "
annum. +$%'$
Interst payab
e l $
*< at $
t l 0E
the ?7$K
Defau shall
Rate '
di 7% "
be *
pa from $" time to time
$ " on "
demand, K or iK
f B
not
sooern "
' % demanded , $
R'$
on the first <
day 7of
month. :
each " $
The *% 5' '
prov
ons
si i of $
'
7 section "<
this '$ may %'$
result the "*
in $
compoundi g n of %'K
inteest.
r :
The
provisions
*% 5' ' of $
'
7this '$
sect
oni will $
not '$$$
const
tutei 5%
a waver
i 7any /5$
of < Event $?7
of Defa
t. lu
)
2.05 N""
Maximum 0$'
Rate. 1 $$
'$
Notwith
natding
s <
any *% 5'
proviion
s $
of thi s %"
$
' agreemnet to $
the '$%<
conart ry, B(a)
no $%'$
interest willCbe
due
on any <" $
amount due % this %"$
under $
' agrentme if, %
7 under -**
Appl
ecab il Law, >%
>
Lender ' not *%"
is $ permitted $ to
% interest
charge $%'$ on $
$
that " $
amoun, t
and B (b)
in all
other case'' interset
s $%'$ due %
under $
' this %"$
agreement will
be
calcu
atedl at
$ a %$
rate $ to N
not $ exceed $
the N""
Maximum 0$ Rate. +7If
, %% %
Borrow re ' is %Q'
reques det by >%
< Lender $ to *< interest
pay $%'$ any " $
on < amount due %
under $
'this %"$
agreemnet at
$ a %$
rate %$%$
greater than $
the N""
Maximum
Rate, $
0$ the " $
amount K interest
of $$' due
on tha " $
t amount
$
be "
will deemed $
the N""
Maximum 0$ Rate and all *<"$'
paymtens in N''
excess 7 $
N""
of the Maxim
mu
0
Rate be "
will deemed $ have
to
5 been #%*<"$'
Prepaym nts
e without *%*<"$
$
$ prepym
ante fee %
7 penalty,
or *$<
and Knot $%'$
interest. - All " $'
amounts $
%other $
than
inter st
+!%'
which %are *
paid % or %
agreed $ to
be *
paid $ to >%
Lendre for the use, forbea
7 %$
' ran
ce
,
7 %%
or $$
% detion
ten 7, %"%E'
of Borrowr's
e +$''
indebtedne ss to
Lender %
>'K this %"$
under $
' agrement '
sha,ll $
to $
N$$
the extent *%"$$
permittde by -**
< App cabl
li e Law,
>,F
be " %$
amortized over 5%$
+'$$
the full stated $%"
term 7of $
the
indebtdn eess
$''
, '
so $
$
that $
the $ 7 interets
rate of $%'$ on $
account 7 that +$''
of $
$ indetbedenss '
does $not N
exceed the $
N""
Maximum 0$ 7 %'
Rate for so
long '
as $
the
+$''
indeb edness
t is $'$
' outtsnadin g.
2.06
$
Method and App -*
ication
l of #<"$'
Payment . s - All *<"$'
paym nts
e of *%*
$ principal, inteers,t
$%'$
other " $'
and $
% amoun st to
$ be "
made
%
under $
Loan ? "$'
the > Docum nets shall
'
be "
made $ to >%
Lender in '
U.S. %'dollsra and +
in ""$<
immediatlye availbael
5 funds, $
$
7'
wiht out '$= 77
set-off,
dedu ion
tc,
$
or $%"
% counteaim
clr , not $%
K than 2:00 *"
later $
; pm B7 %
(Caaliforn i time)
$" on the dates
$
$'
$
'*="E'
on whic h those paymnt es will "
become due B<
(any
7 those *<"$'
of $
' paymnest "
made 7$% time
the $"
after B
on $
the
due $date will be "
deemed to $
5
have been mad" e on $
next '
the N$ succeedi ng ,'''
Business
Day.) -
?<E All *<"$'
payments %5 rece
vedi by >%
< Lender B
(inclduing, to the N$$*%"$$
$ $
extent perm tteid < e l b >
by -**
Applica Law, all *% '
procee sd rece
vedi
%5 7% "
from $
the '$
sale
or $
%
K other +Q
lqi uidation K$
of the Collateral)
$%+ will
be **
applied $ to the Oblig
onsi ta
B
2 ' in <
order $%"
any %% determdine by >%
< Lend
. re :
The %<
eary l %or $
late date
of "!
7 maki gn a %%<
regularl
y '
schedu
ed l paym nte C
*<"$ will be '%%
disregared d for *$* ''
7K purposes 7 of $
allocating the *<"$
$
paymtne $
between *$* principal
and
interest. 6 %
"%'$
For $
'
this *%* 'E
purpose, $
the *<"$
payment will treaedt '
be $%$ 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
$"$ K or <
% any 7 of CD%
their -7$'
Affi
iates
l in
%
acco da
ce
rn wi th +$'
F$
its '
usual *%$
pracce
ti
and 5
evidciegn the 2$ '
$
Ob
igaltiosn, will
be *%"
prima 7 facie 5
evidecne of $
7 the N'$
existecne and " "'
amounts 7 of
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 $
reque ts 7
%Q'$ , re , %% %
of >$
Lend Borrow r e '
shall "$
ma
ntiani a "
depost i
demand * ' account $
with
>% (the C"De
Lendre B$
gnat'$- $Y
ed
is Acco)unt" in
+ good '$
stadnng
i. If
+7 all 7
of $
the ** $ '
app
icalble cond
tions i to
$ a Loan
5
> have been 7R
fulfilled
, >%
Lender '
shl al
"!
make $
the >
Loan 5
avai
able
l to , %% %
Borrowe r '
as '$
set 7 %$
forth the 0Q'$
in $
Requset 7 %for >
Loan <
by, $
at $
the *$
option 7
of Le nd, er B
>% (a) * '$
dep tign osi the *% '
$
proceesd
the ?'$
in $
Degn
siated - $G
Account; B
(b} 7 e, $%'
if **
applicabl tran ngfserri $
*% '
the proceeds $ to
an $
agent '$
des
gnat
i de for *%* ''
7 % purposse K an '%
of escrowed
Closing K
' of $
'
this $%'$
transaction <by %
wier or -D
ACH $%'%G
tran;refs or B
%(e) *<
paying %**<
or app
ngyi l $
proceesd '
the *% ' as $
%'
otherwise *%"$$
perm
tted i undre thi
% s
'
%"$
ager eme
nt, < any "'
by < measn **% *%$
appopri
r tea %
under the $
$""''
circuman
ces
ts .
2.08
8 -8
ACH #<"$'
. s , %% %
Payment Borrower $
%'
autho
zes
ir >%
Lendre $
at >%E'
to, $ Lender's *$
opt
oni + in
each +'$
insta
cne, initiate $'
$$ debits to the
$
?'$
Design
deta Account,
- $
the
on $
due $
date, for interest
all %'$
% and *%*
principal *<""'
paymen. st 7'
any fees
< and N*''
expeses
n ,
and < other " $'
any
K amoutns
due
and *<
payab
el by , %% %
< Borrower $
with %'*$
respect to the >
Line of Crt,edi <
K%
by "'
measn ofKthe automa
ict
'$" clearin
ghoues
%
' "
electronic '
funds
e l
:*
Trip V ?5<
Dairy ))""
m 0>2
$2.Sm RLOC +
2012 1%@6
Hedr /Fede
Credit -5 "
"K] Ageremnet
4
36
8
tranefsr
'$%system, <
'<'$" by %$
direct $of the ?'$
debit K$
Des
gnated
i - $
%
Account by <
, or < other ""%<
any $
%commer
ally i c *$
accepdet "$
method B
%%
(herea
, rfet C-R
"ACH
#<"$'C
Paymnets
.' ) >K
Lender '
give , %% %
shall 5 Borrowe
r less $
not '' than + <'
ten days
not
ce
i beginning -D
befoer ACH #<"$'
Paym
ts.
ne >%
If Le
nder $'
elects to
$
iniate
ti
+$$ -DPayments, , %
ACH #<"$' Borrw
ore will
%$
thereafter "$ suffiicent '
maintain '7R$ the ?'$
in U
funds Designate
d Account
- $ the $'
on $
re "5
dates >%
Lend enters
debits for -D
'7 % ACH #<"$
Payment 7
of %%<scheduled *<"'
regularly '
s 7
payment of $%'$
*%*
inteest
r , principal,
and fees
, 7
$'
if <E
any. If $
%%
+Kthere are '7R$
insufficien
t 7'
funds
in
the ?'$
$
Designate
d -" $
Acco
tnu the $>$
on $
date Lendre enters <
$%' t i
%
any $
deb authorize
d <this %"$
by $
' agrem
ent,
e >%
Lender "<
may %5%'
revese
r $
>
the debit.
, %
Borrower %'agrees $ to * request <
upon %Q' by >% execute
Lender, N$ and 5%
delivre $ Lender an -D
to >% ACH #<"$ $
%
Payment authori
ation
z form
in $%" and $$
contnet
satisfatcory
'$'7$ %< $ . 4W$
>%
to Lender Subject $ Section )
to 4$ 2.05, $all %$'
rates 7of $'
interest '*R
specified this %"$
in $
'agrent
em shall
'
be %'
increased < by
\
0.100% per
*%
"
annum Borrower '
if ,%% 'K not "$
does K maintain $
?'$
the De
gnat
si ed - $
Account in
good '$
standin
g.
2.09 ·
( #%*<"$;
Prepya mnest Ge nerlly.
a
&%N
Lender "<
>% may %'
refuse to accept <
$ *$ any #%*<"$
Prepayment $N*%''<
not expressly *%"$$
permitt de in
'
this
%"$
agrem e ent. If
+K #%*<"$
a Prepaym nte is $
' condit
oned i *
upon *% %
prior $
notice $ to >%
Lend,re at $
8Kthe *$
option 7of >%
Lender, B(a) $
that $
not
cei will
be C%5 G
irrevoab
c;le
(b)
B a #%*<"$
Preapyment be
will due the " $
in $
amount and on $
the $
date '*7
spefiecid in tha
notice;
t $;
$ and (c) B)"
that $
notice
will $ affect , %% %'
not 77$ Borowre's
obl
gation
i
$ to "!
$ maek $
%*<"$'
all other paym ntse required %
%Q% under $
Loan ? "$'
the > Docum nets
on $
date
the $ due. >%
when
Lendre '
shall
5
have $
the *$
option
of "!
7 any #*<"
making < Prepaym
t ne subject to
'W *<"$
payment 7 all " $'
of amonts
u then
$
Lender %
due >% $
'5"
under this agreemet. n /
Each #$*<"
Prepayment of
7 a
portion 7
* %$ a >
of will
Loan be **
applied in $
5%'
the inveser order 7
%% of "$%$<
matuirty B>
(i.e. the " '$
to $
most %" $
remote *<"$paym nt)
e of $
7 the *%*
princialp
due %
undre thi s
$
'
agreement.
%"$
If >$
+7 receives <
Lender %5' any #%*<"$
Prepaymen t
which $ is *%"$$
it ' perm
ttedi to B'
$ Lender "<
refuse, >$ may *$
accept $
the #5*<"$;
Prepaym nt
;e N*$
except $
that
>%
Lendre "< may, '
as a $
condiiont of *$
7 accept nc
ae, %Q%
requ
re i the *<"$
$
payment 7 inteer st F
of +$%'$ whihc wou d l ' " accrue the " $
on $
amount *$*
prepaid $
%
through
the date
$
$ Lender
when >% woud l be $
oblig etad accept "
to *$
$ the #%*<"$
Prepayt,m
ne or the
%B
date
the *%*
principal " $
amount *%*
prepa would be
id due
% this "$
under $
' agreem nt
,e
5%
whchi ever is %%5
' ear
er.li
2.10
$
Mandatory 0<"$'
Repaym. nt
se If at any $"
$< $
*
time the ++unpaid *%*
prin
pacil of
balance 7 a > N'
Loan exceeds $
the "N""
maximum
" " therofe %
amount $
% 7 the $%"'
under $
terms 7 this %"$
of $
' agreem
ne, t $
upon "
then, * demand < by >%
Len,edr , %"%
Borrowre '
shall %*<
repay B
K
that * %$
portion
of the
+
princpal
i
*$* balance $
% 7
thereof +in N''
excess 7 that "N""
of $
$ maximum " $
amount.
along $
wiht unpaid %
all * accrdeu inteer st
' on B
$
that * %
portion.
2.11
Inability $
N to ?$%"
Determine 0$
in $
Rates. ++If, connection $
any >
with < Loan %
bearing U%'$t at
interes a %$
rate $ to
be $%"
determin d e in
e l "
who in *
or part on $
the ''
bas
s i 7 of an **
app
ca
ie lb ,20
LIBOR '
based +N
index B (a ]>+,20
"LIBOR ,' Ra, )te" >%$%"'
Based 0$C Lender dete ensrmi that B
$
$ (a) $
Unetdi
States %
4$' dollar * '$'
depos
st i % are $
not being 77%
offered $ to !'
bansk the >
in $
London $%!
interbkna "%!$
market P %
for $
**
the app icabl le " $
amount K of '
such >
Loa,n B
(b)
adequ eta
Q$ and %'
reasonbale "'
measn do $
not N'$ for $%"
exist 7 % determin
ng i the **
$
app
ecalib >+,20
LIBOR ,'
Based 0$ Rate, % or B
(c) $
applicable >+,20
the ** LIBOR
,'
Based 0$Rate '
does $not Q$<
adeyqu
elta
and 7%<
fairly %$
reflect $
the '$
cost to$ >%
Lender 7 of 7
funding $
$ Loa,n >%
that > Lender promptly '
will *% "*< so $7<
notify $
the
Boror w
r.e :
%7$%
, %% % Therafter, the $
$
oblgati ion of >%
7 Lender $ to "!
make maintina <
or "$ any >
Loan %
bearing $%'$$
interets at $
**
the applicabl e >+,20
LIBOR ,'
Based
Rate '
0$' be ''*
shall suspended R until >%
Lender %5 !'
revokes '
such $
not
ce,
i
and all > '
Loasn
$
%'
which would otherw
se i % interest at "
bear $%'$$ the **R
appicabl
l e
>+,20
LIBOR ,'
Based 0$ shall %
Rate '
accrue $%'$interest $ at
a "*%
comparable %$ rate '
based index '$
on an N design
ted
a by >%
< Lendre in $'
its '
sole '%$
discrtion
e after
%
notice E
$to , %% %
Borow
r er.
-0:+>/
ARTICL J. 2>>-:/0->
E 8= COLALRAL
TE
:
The *<"$
paymnet and *% %"
perfoman
r ce the 2
'
of $
7 Obliagons
ti are '%
$securde <
by the following:
;
(a)
B all >'
Liens in 75 % of >%
favor K created %
Lender %$ under B+ (i) the Secirty
u
$
4%$< -%"$
Agreemetn dated '
$ of $
as 7 the
date $ this %"
of $
' agreem nt
e
$
between >%
Lenedr
and , %% %
Borro;we r and B)
(ii) <
any $
%
other '$%"$
instrumnt
e or %"$
% agreeme nt deliv ed
re
5% >%
to Lendre +
in
conjun tion
c $
with $
'
this
agreem
,en
t
%"$
whchi '$!'
states $
$ it '%'
that $ securse all %
or <
any of $
2$ '
the Obgat
ion
l si (the *% *%$<
B$
proeprty "%
encumbered < by $
'
those >'
Liesn, the $%G
$
"Co
al teal;
l r'
and $
''$%"$'
those instrumtsne
and 5"'
agreemntes securing
'% %<
all or any K of $
2$ '
the Obgali tion
,s +
the eral ? "$C
"CollatK Documnts"
e)
and
(b)
B Liens *
all >' upon and secur
ty i +$%'$'
'$< interes st $"
created % any "%
under < other %$$
written '$<"$ or %"$
instrument % agreent
m
e sta
ngi t
'$$
N*%''
expressly $
$ it '%'
that +$ secures or <
all %any * %$
portion 7the $''
of $
indebedt enss, $'
liatibil
esi or $ '
% obligat
ons i 7 r e %
of , %% %
Borrow under $
$%"'
the ter
ms K
of $
'
this
specific $"$
'*R ager ement.
-0:+>/
ARTI
ELC 4- 21?+:+214
9=CONDITI
SNO
4.01
9
$ '
Conditions $
+$
of the Loan. >%'
Initial >
Lender's $
obl
gatio
i n to "!
$ make $
initial >
the 2% is '"K
Loan ' subject to satisfaction
'' of
Len
sde
'r
>%'sole '%R
' discretion Kof the
$
foll
owing '
7 conditi
sno *%$;
precedent:
(a)
B Borrower
'
, %% % has N$
exec ted
u delivered
and 5% Loan ? ""'
the > Docme
utsn Lender;
to >%G
$ and >%
'
Lender has N$
executed $
'
this
%"$
agree
t nm
e
and
all $
% Loan ? "$'
other > Docm
u enst to which >%
$
is
Lender ' a #%$<G
Party;
(b)
B Lender
'
>$ received 5
has 5 evidence ''7$ %<
sat
sfai ctory to >%
$ Lender, K
of B(i) the
+
form ation
%" and N'$
existecne of
7all #'
Part esi $
to $
the
Loan ? "$'
> Docm
u nest $
%$
Lend,re
other than >% and N*$ K<
except for any #%$<
Party $
K is
that +' an +5
indi, ivdua (ii)
l B+$ due " %
auth
iza
ronoti of $
the 5'
indiv
duasi l
execu
ngi t
N$ $
Loan ? "'
the > Documntse
on
$ of
'
behalf K those #%$'G
Parties;
(c)
B >%
'
Lender has $5
received
all appra
ssal i
**%''
and '*$
inspectino 5* '
reports requir by >
ed <
%Q% Lender, +
in form
a 7 %"and $$
conent
t
sat
isfactory
'$'$ %< to >%;
Lender;
5
Triple Dairy '"
V ?%<$2.Smm 0>22021 D@6
RLOC +Herd/Feed
Credit -$"
%" Ageerment
)5
37
8
(d)
B Lender
'
>% de
has %5
receiv Borrowing ,'
a , %% Baes %$R$G
Certifica;et
(e)
B >%
Lendre
' received 5
has %5 evidence '' %<
satisfactory $ to > that , %% %
Lender, $
$Borrow
r e d8
is ce $
in "*
complian all **
with appli
eacl b
/5% "$
Environment
l a >' (that 5
Laws B$
$ evidence, $
the C/5% "$
"Envionm
r ntal
e %" ]G
Information
; ) "
(D
B+ Lender
'
>% received 5
has %5evidence '$'$ %<
sat
sfactory
i to >$
Lender, $
$
that
all %$ %<
regulatory **% 5'
approvals Permits
, #%"$'and ''
licenses
required %
%Q% under -**
Applic
ble
a > for , %"7'
Law 7 % Borrowre's '''operations
5
business *%$ ' issued
have been ''and are in 7
% force
full 7 %and 77$G
effec;t
(g)
B( Lendre
'
>% received 5
has %5 evidence satisfactory to >$
'$'7 %<$ Lender, that Liens %$
the >'
$
$$
granted $ >%%
to Le nder under the Coll alerat
$%
? "$'
Documntse %valid
are 5 and " and, *
enforceable
upon the Closing
' be, *% *<
will proprly
e *%7$
perfected ,
and *% %
prior $
to the rights
$
%
$' and $%'$'$
inteer tss of
all
other #5' '
$
N Pesrons, N"
except
' rights
those %
$'and $%'$'
interests *$
accepble
at to >%
$ Lender in +$'
its '
sole '%$ G
discretion;
(h)
B
Lender
'
>% received 5
has %5evidence '$'7$ %<
satisf
tcaory to >%
$
$ Lender, that
all * '
poli
esci of '%
7 required %
insurance %Q% the >
under $
Loan
? "$'
Docum
st ne are
%in 7 force
full 7 % effect
and 77$ all *%""'
and premiums $ %
for $
'
those * ' have
policies
5 been *
paid $
%
through the date %Q%
$
$requirde <
by >%;
Lende
;r
(i)
B Lender
'
>%has %5
receive, d K
at '$ Busine ?<'
5 ,'''
least ) ss Days *% %
prior $
to the Clos
ngi
$
' all ""
Date, C
?
docum
tion
nt
ea and $
other
informa
ion
t
+$ %"R requ
redi
5Q%by !
<bank %$ %< s %
regulatory $
%$'
authoritie e !
under **
applicabl "know you
< %customer 'E
r '";laws"
and Ant
-Terrori
i ms
-$O:$% %'"Laws,
>'
includ
ng i
the E4-
U.S.A. Patriot -$G
#$%KAct;
O)
B8
all represetion
ntas
%*%'$$ '
and warranti
es 7
%%$'of
all #%$'
Parties $
%than >%
other $
Lende
r +
in $
Loan ? "$'
the > Document
s % true
are $% and
corec
r ;t
%%$G
(k)
B! Lendre
'
>% received %"%'"$
has %5 reimbur
em
nt
se of >%'
7Lend'ser out
$ pocket N*''
of * !$ expens, se
including >6'G
Legal Fees, %%
incurred
in
R
connetion
c with the %%$
$
$
undrewriting 7 the > '
of $
Loans %$
or the '
Closing B $5<-
(collcetively
, the C '
$
"Closng
i /"'4;
Expenses
; ) "
(1)
B+ '
as 7the '
of $
Cloisng ?$
Date, $
the 7 shall
following '
true
be $%and %%$;
correct:
(i)
B+ ?7$
no or /5$
Default %Event 7Default
'
of ?7$has %%
occeurd
and '
is $G
continuing
; and
(ii)
B1 5$
no event
'
has %% and
occurred no $
cond
tioni exists wh
N'$' chi
'
has %'$
resu
ted
l in %
or
could %' <
reason
baly
be
exp
ected
N*$to $'
result in, 5<
indivaid
luly or
%in $
aggregate,
the %$
Maalteri -5%'
a %K Advse
er ; t
Effec
/R; and
(m)
B" Lender
'
>% has %5
received other "$'
all $
%docum
nts
e, "R$'
certificat
, se filings, '$'
R'
cones nts, **% 5'
approv
,lsa
legal * '
opinion,s 7 %"$
infor
onmat
i
and $
%
other *% $ '
precondi
ions
t %Q'$
requesed
t by >%
<Lender.
4.02
9
Additional > '
-$ Loans. >%E'
Lender to "!
s ' $ $
obli
on
gai t make
each $
addi
onali t >
Loan '
is 'W$
subject $
to $
the $
condi
ion
t prece
ent
d
*%$
that
$
$ the ?%
on $
Drawdown ?$;
Date:
(a)
B >%shall %
Lendre '
a >
receive Loan 0Q'$(as R
Request B'defined
in 4
Section
;
2.01 );
(b)
B all of the '";
con
$
onisdt set forth
' Section 9
in 4$
$ %$
4.01
5
have been
and $to
continue $ be '$'RG
sat
sfii ed;
(c)
B the followi
gn
$
7 '$$"$'
statem
nt
es true
are $%
% and %%$(and , %% %
corretc BBorrower be "
will deemed represent to >%
to %*%'
$ Lender tha
t
$ the
followi
gn
d statemenst
'"'ar%true
e $% corrce)t '
and %%$as Kthe ?%
of $
Drawdown ?$;
Date: B
(i) $
the %*%' '
represe
ntati
son %"'
and warranes
ti the >
in $
Loan
? "$'
Docum ents true
are +%"
% and $%$ as though "
correct 'E
made on $
$
that $G
date; (ii)B
no ?7$
Default % or /5$
Event $ of ?7
Default
' occurred
has %% and %"'
remains
%
uncredu or
% would %'$result B$ "
from the additional > G
$ Loan; B there
'
(iii)
has
been no ad verse
5%' change in the finacnali
R condi on
E ti of , %% %
Borrower % or
in the
condi
iont
$
$ of $
7 the $%
Collateral % or <
any "$%
maalteri portion $
% 7'
*% thereof since $
the 77$5
effective $date 7 this %"$
of $
' ager em net that
'
$
$ has %'$
resultde in %
or
could 5' <
reaso abl ny
be expec N*$
dte $ %'$
to result in a $%
Matia
erl -5%'
Adverse /77$G
Effe;ct B5
(iv) $
the *
unpaid *%*
principa l " $
amount 7 of
all '$E
outstdinag > '
Loasn
%
under $
the
lni e of %$
cretdi P$< %
facility und er
which $
' those > ' Loasn % are "made, $ $
%
togetreh with $
$
the " $
amount 7 of $
$
that $
addit
onlai Loan '
> does $ not
N
exceed $
the "N""
maximm
u " thereof %
amount $
% 7 undre $
the $%"'
terms 7 of this %"$
$
'ag er ement ;
and B5 Borrowre
'
(v) , %% % has %5
receievd < duly N$
executed
conditio
aln
$
and $ >
uncotion nd
lia Lien 5%'
waivsre
and %''
releases %$
relating $ to "
E'
mecan'hcsi
and "E$"'
matearilmen's Liens, +
>' in "
the for m $Q%
" reqiured by
<
Appli caebl
-** >
7% "
Law, from each $$ %
contratcor, subcontrator
c,
' $%$ %
mataleri
"% "
man % or 5 %
vendro in
each '
case, $
with %%
regard $ to
all %!
services
wo,kr '%5' and
mate als
ri
"$%' for whihc *<"$
7 %
payment be "
will made 7% " from $
the *% '
procee s d of $
>
7the Loan % or 7 %
for whi ch *<"$
payment
' already
has %< been " made *% %prior $
to
$
>
the Loan 0Q'$G
Reqeust;
and
(d)
B >%shall
5
Lender '
have %5
received other ""'
all $
% docm
u ,nest certificates
,
%RR'
filR'
ngsi , '$'
consent
,s app
s,rolva
**% 5'
legal op
niions,
* '
info
on
mat
ri
7 %"
and $
%
other *% $ '
precondtion
is %Q'$
requedest by >%E
<Lend
. re
-0:+>/
ARTI
ELC 5- ,2002F/0
)X ER 0/#0/4/1:-:+214
BORROW REPERAT
TSE
ION
NS
5.01
)
0%'"$ '
Repese
r tio
nant. s 6% "
om
Fr and %
after $
the $hereof
date
% $ and $ such ]"
until '
time '
as li ns
5
all 2$ '
Obgatio have been *
paid +
in
7
full and >% has
Lenerd
' no $
obliga noti to "!
$ make $
additionl a > '
Loans, , %"%
Borrower %*%''
represenst
and %%'
warrasnt $ to >%
Lender $
$;
that:
pel
Tri
$%*V ?%<
Da
ryi [)C
$2.
Smm "";
RLOC
2 D@6
201 Herd
eed
F/
t i -Q%"
$
Cred Agrentem
6
38
8I
(a)
B if++ , %% %
Borrower '<$
is anythi
gn other ind
$
an
$
%than vidua
,i l
75
'complied
il has
+$ "*wi
F$
th all **R'
applic
e al b %i]8
laws concerning ts
%$
orgzation,
ain N'$
existen
ec
and $
$%'$ $
the transaction $' '''
of its business is
, and N'$
in existen
' ec and st
good '$
ng
andi in ts st'$ 7
i$' %$
aet of orga
onizani t
and
each )8""
state in
wh
chi $'$'
it+K conducts its '''G
bus
ness
i ;
(b)
B the N$
$
execution ivery
, del
5%< *%7 5" by
and performance , %% %of
<Borrower
>
7each ? "$
Loan Docum
nte to ch it$ is'aparty
$ whi , is'within
*$$<
$
"
the * %'$
%$< 7
powres and authority of , %% %
Borrow
5
r e and <
have been $
%;
duly authori
ed
;z the
and >
$
Loa ? "$'
n Doc m
ts
uen
5
ha <
ve been dul
y executed
N$and
by
delivered <
5% of the >
each 7$
Loan #%$'$
% ;
Parties thereto
;
(c)
B the Loan ? "$'
$
> s
Document $conflict
do not $with <Appli
$
any -**
e ca
lb >G
Law;
(d)
B
Loan
each ? "$$
> Document
to whchi , %$'
Borrower is aParty is a
#%$<' legal, valid bind
5and %"$
ing agre m
e en
t , %% %E
7Borrower
of ,
% ts , %% %
enforceable 'K
again Borrower %with
in accordance $
$'$%"'
its terms, and < '$%"$
any ins
trument or %"$
%agreem t ne %Q%
requ
redi $
%%
there un
,der
when
N$
exeuc ted
and 5%
del
vered
i to >,
$ Lender simi
will be arly
l
'"< legal, valid
$
5, binding enfor
and %
cae;leb
(e)
B R '$$""'
all financial stateme $
%
tsn and other %* %$' "$'
reports, docum
ts
, en instur me
ts,n informat
on i
'$%"$'
7 5"$ forms
and 7 %"'of 5
7evi
dence
concerning , %% F
% Borrow
, re $
the
Coatera
ll, l or
; any $<
<oth er fact %ci"'$
B$or rcumstanc e (the C6I7 "$"C
B+
"Financial nform ion
, )t"a 5"
deliv
ed
er to >%
$ Lend
re in
connection $
with C)
this 5%$
agreemen , t %
are accurate , correct
%$
sufficiently
%%and "*$
'7R$<compl te
e in all material
"$% %'*$'
res pects to $ provid >%
e Lende
*% 5 r tru
e an
$% d
accurate !
%$ knowledge of 7their 'W"%
P
%subject matter, i
nuding
cl , wi thout limitat
$
$ on, i
+"$
all
maater
l i
"% $$
cont
ngent
i l$';
ai bitilies;
(D
B there
'
%has eve
been no 5$
tn or %%
%occurren
ec whi
'resu
hc has ed
lt
%'$in or
Kcou %' <
d l reaso
y ab
ln exp
be N*$
ected to
res
t lu in
%'1 ,
individual %
5or
in the , <
aggregate
+'%$
any Material -5%'/$
$%Adverse Effect si'
nce the Ceffect
ve i
77$5 $
date of
Kthe
$
Fi6
nanalci In7 $%$
forma
iont provied
d
*% 5to
$
Lender;
>5G
(g)
B , %% %
'
Borrower and
has good "%!"
marketab
e l title
$$to,
or val
a '
id lea
5 dsehol int
erst
+$%'$i+n, all
of
$its *% *<
+'prop
erty and asse
s t as
''$''
reflecet d i$
$$ n $
the 6
Financial +7 %"$
Informat
on i *% 5
provided to
$ Lender suc
, and
>%
'
''$'
h ass properties
ets and *% *'are
%sub
ject to
'W$ Lie
$ no >'Borrow
ns and , %% 5
re
'
has "*
comped
li $
with all
K"$% $ ' %
material obligations under l l''
all materia
"$%eases to
$ which it $ is pa
'a *<enj
rty and undisturbed
oys peaceful and
W <'*7 '%
* ''''
posseion
ss % '
''G
under such lease
;s
(h)
B
the
Coll l ? "$'
atera
$%Docum %effective
ents are $5to
Bcreate
, in
%$
favor of
5 % >%
7Lend
er, l<5
ega enfor
lyl valid and ecael b
7 %'"<
secu
ity
r
inteersst
+%'7' in '
+ right, ti
such %
$ $%'$
tel and
app
interest each cable
li
**> Party
Loan #%$<shall B%"tim
'
from e to
"$ ti"
5in+the
me have
Collaterl a an
$
$% '
d such
security interests %
'%$<$%'$'are 'W$$
subject to >'
no Lie %
sn and are prio
r
*% % $
right
to the interests
s and
%
$' $%'$'of
7all
other
$
%Per
os ns,
#%'
N*$
ex
cept tho R
$'
es right
$
'
s and
interests *$
+%'$'acceptabl
e to >%
$ Lende
r in its sole
+$' ' discret
on. i
'%$ /
Each of
7the > Part
$
Loan #'
'proper
ise has y l delived
re
*% *%<5%to >%all
$ Lender Coateral
ll
$%that
$
$
requires *
5Q%'perfection 7$
'"<
of the security $%'$'
interests <
'
* '''' and
by possession $
%
has author
ize
d
all fiR
ing
l and %
reco
rdin
g by >%
<Lende
r required for
%Q% the
$
perfection of
*%$'R the '5$<
7$
security $$'$'
interests by i %
<fil
ng
Ror recording
;
% %G
(i)
B , %% % ' $
Borrower is $
subject
not the 'W$of "$G
<Judgm
7any nt
;e the
and er i'
B
% lawsu
s no ,t i tax
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or B5
(vi) the 0'
$
Rel
ease
7any D% '
of <Haza
do
rsu Mat
serial
$%' the *$ *<
on $
proprety <>
of any Loan #%$<
Party %violation of <
or 5 $ K l >'
/5% "$
any Environmenta by <
Laws < > Pa
any Loan rty; ;;
#$$<; and
(g)
B promptly *
*% "*$< >%'
upon Len reque, ts
der's 5Q'$
all IK !'
other books , sd '$$"$'
, $ %'
recor statem
nt
e,s li'$'
sts K
of *% *%$<acc
proprety and $'
ount
,s
budge
s,t foreca
$' %'$' reports, % %'
sts, $* %$'
or $
%
records %other 7 %"$
inform
tio
na pertianing
*%$to $
$
$ the condition %
or opera
onsi t
*%$ 'of , %% %
7 r %Q'$
Borrowe reques
ed
t by
<
';
Lender.
Maintenance K
6.08 of -''$'
Asset
.s , %% %
Borrowre shall "$
'
maint and *$'
n i a preserve
all ri%
$'
ghts, privileges, int
*%5'
ec
ell tlua
$$ property
*% *%$<
rights
%
$' 7%
''
and fran
chse
is , %% %
'
Borrower now has %
or $Kacquires;
later Q"$'G "!
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.
)
(
6.09 /N" &
Existence and Good 4$
Standing. +7 If , %% %
Borrowre ' is anyth
ngi
<$
other $
$
%than , , %% %
an i5'
ndividual shall *%'%5
Borrower '
preserve
and "
ma
ntain
i its N'$
$'exstence
i
and
good '$
stand
ng i in $
the W%'$
jurisdictio
n of $'
K its form
ation
,
7 $"$
Q7<
and fyi
qual %"qualifi
and remain to $
ed $
QR conduct i$'
ts
'"''
bus
ness
i in
+ each jur sdiciiotn
W%'$ in
'
chi such QR$
wh qualificati
on ' is %Q%
require. d
6.10
Change
in Bus,'''
iness % or 2"
Organi ational
z Structure. , %$ %
4$%$% Borrowr e '
$
shall not engage +in <
any materi
l a l
"$% ine of 7
'N''
bu
ness
si substantially different from
''$$<R%K 7% "$
'
thoes ' of '''
lines 7 $
business conduct by , %% %
de < Borrower andits
$' 4'%'
Subisdiaries on the
$
$
%"
date hereof or %
<
any '''
busien ss ''$$<
subs
tia
anytll %"
relaet d %
or $$
%$ G
incideal
nt theoer;t if , 5
and 7 Borrower is anything ot $
%
' <$
"
her than an i5
ndiv
dual
i, , %% %
Bor
rower sh all not
'
$
(a) !"
B8 or "%'
form %otherwis
e acquire <
QN%any 4'%<
Subsid
ary,i ''that 4'%<
unless $
$ executes
Subsidiary N$'and 5%'to >%
delivers $ Lender a8%$<
guaanr ty of all
7 of the
$
Obl
onsiga
it
2$ '
and
all $
% s $"$'
other '$%"$'
instrument and agreeme
ts n %Q%<>%;
required by Lende;r % "%
, diss
or B(b) merge olv
, e Q$
'' 5
' $
liquidae,t con
solid
tea wi
ht or
$
%
$
%#%'
into another Pesron, or N'* '
% of B
%
dispose 7(whethe
r n
i+ one +%"'R
transac
noti or n
%i+a ser
esi
'%'of
tra
nsact
ns)
io
$%'$ ' "''$<
all or
substantially all
of its asse
$' st
'''
(whethe
B
$
%
r now owned %
or
%7$%
herea
rfte Q"
acquir
ed) $
to $
or i+
n 75 % of <
favor Kany #%'
Perso. n
6.11 "
Complianc $
>'=
e with . s , %% %
Laws: #%"$'
Pennit Borrower shall "*<i
'
comply "'*'
n all resepsct with
$
all -**
App
ica
l bel >'and
Laws *<
pay
7 %Q<
befoer delinqu
c,yne all tax
es, ''''"$'
$N'
assessnt
s,em gov
and 5%"$
erm
ntalne
'
charges imposed * , 5
"* 'upon Borower or %its /
>
property. Each
$' *% *%$< Loan Party
#%$<
sh
all $
'
obta
n i an
d "$
mai
aitn i+
n 7
full force
7 %an
d effect
7$and "*<
comply
in
all "$% %'*$'
material res
pesct wi ''$<
th all
$
necessa
ry Permit s
#%"$' 5%"$
and governm
et n
apporvals.
**% 5'
6.12
I
+'*
Inspections. , %% %
Bor
owr re '
at <
shal, l $ %'
any reas eonab l $"
time andfrom
$%"$"
time to$ time, permit
$"
>%
*%"$Lendre % <of
or any its
$+$'
$'
agestn % %*%'$$5'
or repr etiv
esaetn to N""
$ e
examin and "!
make *'
copies 7 '$%$'
of and absrtac
st 7""
from the$
% %'
records and !'
books 7 5'
of, and visit the proprees
ti
*% *'
7 Borowe r
of, , %% % and $ to ""'
discuss $
finances,
affairs, R'
the 77%' '
and acco unts 7 , %% %
of Borro wer wit (if , %
h B7
$
Borowe
rr $
%$
is other
' than ani5
ndividual) officers
7R%' ,
direc t,ros *5'E
% ' partner, s % or "%'
maange
sr %, %% %
or Borro, wre '
as **
applicable ; , %% %E'
Borrows er' +*$
indepennted $$'G
accoun
tant
s; <
and any
5
other pe *%'
sr on
dea
ing l
with Borower.
$
, %% %E
8
6.13 e.
Insuranc
+
(a)
B ,%% ';
Borowre '
""
shall ma n,intai or '
%cau se $ mai
to be "$E
niean,td public $<
* liaty
i bil ins
urce
na;
'%G all
ri%'!
sk pro "
perty dama
*% *%$< eg
'"
insurce
na *R'
policies 5%
covering tan property "*%'
egibl *% *%$< compr
ngis i the Colla
$
alter
$% 7 %$
for the
full +'%
insuar ble valu 5 %*"$
e on a replaceemnt cos
t ba
'$ sis;
''
"!%'E
woker rs' "*'$
compensation '%
insu
ance
r '%Q%
as requ erdi law;
by ;
< and '
such $ l i'%
additiona nsuarcne '
as %Q%
required by >%
<Len der from $%"time
"to$ ti$"
me.
(b)
B -* '' +'"%Q%%$
> ? "$'"'$''< "*'**% 5<
All policies of insuar nec required under the Loan Docume
tsn must be issued by companies apprevod by
, r
>%
Lende must
and "'$be *$
acce
e ptab
l to >%
$ Lender 'to " "'
as $ t, s 7 %"'
amoun risk 5%'
forms, %'! coveage
r,s dates,
expiration $'
N*%$ and l ''
oss *<
payab
el
and
""
Triple V58F
Dairy ). m)""0>2
$2Sm RLOC %@6
2021 Herd/Feed
% -Q5""
Cret di Ag
ee
r men
t
9
-
41
$
cancellat
on i *% 5' '
prov
ons
si i with "'
deductib
es l Ka
of "N""
ma
ximum of [ all
0, 00on
7$1 Collateral
is
$%which 5$ %< Q*"$
, equipment
'inventory other
, and $
%
$*%'
tangible persona
l *< *%$<E
property. l+ ,
n addition
$
%Q%policy
each required "'$stipu
* <must '$*$
atel that 5%wi
$
$coverage ll not
cance
$be
ed
ll or "'
%diminished
$
without """
a minimum of 1 <'prior
O days written
*% %%$$ noitce to >%
$ Lendre and without '"%of
disclaimer $
ins
the '%%'
urer's l$<
iabi
ityl for
%failure *% 5
to prov
%$ dei
'
such RE
noti;ec cont ani
$ First > ''
a 6%'$ Loss Payable / $'"
#<Endor em
nt
se any
and <other %'"$'as
$
%endorsements >%may
'Lender "<require
%Q%and must "
"'$name
>%'
Lendre as an addit
onal
i
$ insured
+'% and loss *<so
''payee ' that
$
$all *% 'of
proceeds '
*% *%$<
7such proprety or '%
'$<insur
%casualty ce
na '
shall be pay
*<
beal to
$
>%
Lender $ the N$$
to $
extent of 7$' %'*$5i!%'$
its respective nterest.
(c)
B , %% %%'
Borrower agrese to $ del
ver
i
5$ to Lender,
$ >%
on or
%be fore the Closing ?$
$
' 5
Date, evid neec of $
%Q%
the required ins '%
urance '
as
*% 5
provid de here
% with
,n i $
an effective on
75date % before the '"
or 7 %$
Closing ?$
Date. , %% ;
If+K Borrow
r e fai $ *% 5
ls to
7' provide any <requ
%Q%
red
i '$
ins urance or Kfail
s
'
to continue <
$ $ required '5
any %Q% insurance
in force, Le
%E >% "<
nder may ' at
do so , %% %'
$Borr ow
s er' N*'E
expense . At -$the
$
opti
*$
on of >%
KLend , %% %
, re Borro '
wer shall
%"%'
reimbrues Lende,r
>%
on "
demand, the
$
'$
cost
of any '
'%
<such insurance pa id <
* >%or
by Lender '
be
%shall to
added $
Obligations
$ the 2$ '
.
,2002F/0 -.12F>/?&/4
BORROWER ACKNOWLSDG
EE THAT IF >/1?/0
:D-:+6LENDER SO #0D-4/4ANY
42PURCHASES -1AREQUIRED
0/U+0/?IN
+140-1/
SURANCE, TH :D/+140-1/
E INSURAN
EC F+>>
WILL
#02+?/
PROVIDE >++:/?
LIMIT
DE #02:/:+21-&14:
PROTECTION AGAIN #DA4+->
ST PHYS
CALI DAMAGE :2TH
?--&/TO :D/2>>-:/0->
E COLLAT
RAL,
E UP :2AN
#TO -21:EQUAL
-1AMOUNT :2
/U->TO
:D/>/44/0
THE LESSE R 6OF (1) :D/
BTHE UNPAID BALANCE 26
1#-+?,->-1/ :D/
OF TH 2,>+&-:214
E OBLIGAT
ONS, I /L>?+1&
EXCLUDING ANY 1/-01/?
-1AUNEARN
DE 6+1-1/
FINAN D-0&/4
CE CHARG E, S
20B
OR (2) :D/
THE VALUE 26
->/ :D/COLLATERAL
OF THE 2>>-:/0->G
; D2F//0
HOWVER,
E ,2002F/0E4
BORROWER
S ' /U+:AI+1
EQUITY N THE 2>>-A/0->MAY
:D/COLLATERAL -ANOT
12:BE,/
+140/?E
INSURED . +1-??+:+21
IN ADDITION, THE +140-1/MAY
:D/INSURANCE -ANOT
1PROV
#02+?/
DE I -1#,>+
ANY >+-,+>+:A
PUBLIC LIABILI
TY OR20PROPERTY ?--&/
#02#/0:ADAMA GE
+1?/1+6+-:+21
INDFICATION
EMIN -1?MA
AND Y 12:
-A //:
NOT ME
ET :D/
TH
E RE0/U+0//1:4
QUIR
MENTS
E 26-1AD1-1+->
OF ANY 0/4#214+,+>+:A
FINANCIAL RESP N
OSIBILITY >-F4
LAWS.
(d)
B 6 % *%* '
For purpose of '%
ins 5$
urance cove age
r $
Coll
on the reatal,
$%
, %% %
Bor
ow
r re $
%'
authori >%
zes Lend re to *% 5
$ prov
dei to
$ any #%'
<Per
son
all Info
on
rma
it
%%$ >%
Le
nder "'
deems **% *%$
appropriat
,e
$
%
wheth %%
re rega
ngrid $
Collat
the $%
e,alr > or
B
Loan
the $%
%othe R
r financia "" $ '
l accommodation
, s or $
%both.
6.14
9 -%"'E
Arm's >$
Length ?
, %% 5shall
Dealing. Borrower '
not
$enter
$%into <tran
$ any on
sac
it
$'$ of
Kany kind with
<! <fami
$
any ""%
ly me
7"< , re
mb
Su
ary
dibsi
4'%< % iate,
$
%
or Affil
-7R$
% $
whether or not i
n the
$
ordnary
i
%%< %'
course of '"'
$bu
sienss, oth er than
$
%
+
wi th prior writte
*% $ n not
%$$ cei to
$ $ Lender on
>';and fai
r
7%
and %'
reasoanebl $%"'
term substantially '
s ''$$< as favo rable to
75 % $ , %% % '
Borrower as would be obta inabl
e by
$ , %% %at
<Borrower $
ti$"
$the me in comparab
a "*%
e l
%"'
arm's $
$%'$ $
Peros n 2"%
length transaction with a#%' other than fami
$
a ""5
ly member
7"< , Sub
ary
idis
4'%< %
or Affiliat
.e
-7R$
6.15
) '
Use $
> '
of the , %% %
Loans. Borrow re shall
'
not
$use $
> '
'the Loans (a)
B8for
%pesronal,
*%'
fam
ly i or
"<
'
purpo
%household ses,
*%* ''
or
;(b)
B
t$
o
*"
'
purchase or carry %4 !
%%%< Margin Stock or %to invest i
$ +5'$ n other #%' '
$
%Person s for the *%* '
$ %
purpose of %%<%
Kcarrying 4$ !
Margin Stock or
Kto %
$ reduc
e or %reti
re any
% <
+$''
indebtdeess
n incurred
%%for
7 %that *%* '
$
$purpose.
6.16
ERISA /'
/0+4-Plans. ,%% ';
Borrow
r e shall
promptly pay
*% "*<*< '
and cau
se all
Subsidiar
sie to
4'%'pay
*<contribu
ions
t
$%$ 'Q$
adequa
e t to "$
$ meet
not less
$ "$
''than the """
mimum
ni '$%'%
funding standards
7 /0+4-with
under ERISA %'*$to
respect
$ eac every
h and 5%<Plan "ea
; file
6;
ch annua %*
l rep
ort requir
de
%Q%
to
$ filed *%'$
be R pursaunt $ /0+4-
to in $
ERISA connection $
Plan
with each 7 %
#for each year
; and
<%G "<
not >%
fyi Le
ndre within
$
ten <'
$da
ys foll
owing the
7 $
occrurecen
%% of any
7 <0* "
Reportabl e Eve/5K
nt that "
$
$
$mi
ght '$$$
constiut
et " 'for
grounds "$
7 %termin
on i ta of <cap
7any ialt
*$ Plan by
# <the #'
$
Pe ,R$
nsion Bene fit
&%$<
Guaranty Corprotaion
%* %$ or $ %
% for the ** $"$
$
appoinnt
emt by
<the appropat
eri
$
**% *%$
Unteid Stat es Di
4$' ctsirt
?'$%$ %$
Court of tru
7a stee to
$%'$ $ administe
r
"'$%any 6%
<Plan.
C/0+4-
"ERI SA" "'
measn the $
/"* <
Employee 0$%"$
Re + "
tirement Incom e Securty i Act
4%$< -$of
71974 , as
(9
'am "
enedd 7% "tim
from e to
$" $ time .
"
6.17
I
>
Legal Fee6 4
s: Co '$'
sts. ,
Borrow er shall pa
'
+ y the
*< 7 "
$
foll
owi:gn (a)
B8costs,
'$'
expeN*''
ses
n Leg
and >
al Fees6'paid "
or inc
* % urrde
in connecti on wi
$
th < any ""$'
amendm nts
e, " '
modificaonsti or 5%'
%waiv sre of Kthe prov
isonis
$
*% 5' ' ofKthe >
$
Loa n Do ? "$';
cumn;est (b)
Bcosts , exp
'$'
N*''
se
ens
and
Legal 6'
> Fees *
paid % or %%
incurred $
in conne tion
c with
$
the$
colle
oni tc
$ or $ " "$
%enfo rcentem of the
$
Lo >
an Do ? "$'
cumnt
es,
$
%
wh ether or %not $sui t is'fiRG
'$ ed
l;
(e) cost
B ,s N*''
'$' expe se
ns Lega
and l 6'
> Fees *
paid %or inc rured in
%% $
conn
oneci t
any
with <+' 5<
Insolven yc Pro #5
ecding
e i+5
nvin
volg aclaim
"un %
der the $
> ? "$'G
Loan Docum ts;
ne (d) cost
B s 7
'$'of sui suc
t and
'$ h '"
'
sum as '$
the court
%$ma "< '
y adjudg e as Leg >K 6'i
al Fees <act
n any oni
$ to$ enfo rc
e pa
7 % *<"
yment of "
the
1 $'
Notes % any *
or < part the erof;
+
% ; (e)
and Bcosts
'$'
N*''
, expen ses and Leg >
al Fees6'inc
urred to $ prot
li'
ect the
*% K ens an
d sec tyuri
'%$< interes
st
/4+4 %the
under $
Coate
lllar
? "$'
Docmeu . nst
6.18
I Lender /N*''
>% Expen
ses. Wi
thin ten
F$
,'''
$Bu
ness
si ?<'
Da %"
ys after demand from > %
7% "Len
der to
$ Bor , %% %
rower, Bor
, %% %
rowe
r sh all pay
'
*<(or
B %
%$"%'
reimbu
ser >% for *<"$
Ledn er 7 %paymnet of) '
7Closngi Ex /N*''
penes s not *% '<
Kpre
you
vils rece
ived by
%5 >E
<Len.de
r
(
6.19 2$
%
Oth .s *
-$'
er Act "'$
Upon requ
est <
by Lend , %% %
er, Bor
>% rowre shall *
'
cooate
pe
r
wi >%
ht Le
nder for
7 %the *" ''
pu
proses of,
7 an
d
perform
*%7 %" all act'
s whic h "<
may ''%<
be nece
ssary or advisable t$
%5' o '$'
esta,blis
h *$
perfect an@ %
d/or mo nitro any
" $ %<Li
en gr$$
> %
anted und C'ag
re this %"$
reem
ent
or
%the
$
Coll
alater
$5 ? "$'
Docuntm
,se %
or to
$ car $
intent
ry out the
%%< $ 7$
+of >
the Loa ? "$'
n Docume. snt
-0:+>/ //1:4
E 7-= EV
ARTICL ENST 26DE
OF ?/6->:-1?RE
FAULT AND 0//?+/4
MEDES
I
7.01
/N"' of ?"
Events K :
follow
Default. The ng i
7 "
each will
be an even
t of
5$
7de %
fault und
re thi $"$
s ag
$
' ee
r tm
ne (an C/5$
B"Ev
ent of
$
De:)"tfaul
?7C
(a)
B any *<"$
<paym
nt
e BQ%%
required und
er the
$
Loan ? "'
> Doc
umnest i'
s not "
$made wi
thin 10
$
da
ys aft
<' er the
7$%
date wh
$
$ en du
e;
G
(b)
B the Fin
alcani
$
6 In %"$
format
nio K
or any
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tn or wa
%*%'$$ $ rrty
na
%%$<i
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$
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> Docu
nt
sm
e is'ma
allteyir
"$%<inc
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rt
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mieadi
sl ng
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or provided;
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le
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=
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ry $2
Sm
.m C ^
(
RLO 201 D5
2 Herd
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"
Cre -""
dit Ager emen
t
10
-S
42
(e)
B , %"%
Borrower '
does K(i) *<
not B (or '
pay B %cause *<"$
paym
nte of)
7 all taxes of , %
$N'K or ''''
Borrower %asseed
ss on B
the $%
Collatelar *% %
prior B
IQ
$
date
the when de nqu
li ne; t
Q$G (ii) "
B (or '
maintain B % to
cause $ be "$
maint d)
in
ea all * '
polici
se K of '$
insurace
n requirde %
%Q% under the Loan ? "$'
$
> Docum
nt
es
and *<
pay B %cause *<"$
(or '
payment of) all *$"%'
premiums for that '%
%+Kinsurcnae
on %
or *% % to $
prior $ date
the when G (iii) "$
due; &
$%
maintain the Collat
ral
e (or
B %
'
cause $
the $%
Collatreal $ to
be "$
maint
ined)
a in
good $
condi
ion
t
and %*%
repai, r
all +in %
accordance with B
$
terms
the $%"'and $ '
condition the >
of B
s 7 Loan
? "$'G
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;ne (iv) *%7 %"
or 5
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required % any 5$%
under < covenatn under $
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me
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B $
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the death 7(i) <
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individua
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5'
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' under
trustee % trust $
a $%'$ in
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same ' discharge
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within 8 days $%
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;
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an +' 5<
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7 Lender;
(k)
B! <
any $%
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/77$ to , %% %;
as $ Borrow
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(1)
B+ any /0+4-
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SA /5$G
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(m)
B% P %" %
for more $
ten <'
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after $ Lende,r , %% %
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r '
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preously
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7.01,
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sum Kmony;e
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more $
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is
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any $%"
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or $
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dedi that F
$
Zif B
(i) $ s %' <
it i' reasobly
an certain
%$ $
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that default $
the 7$cannot
be %
cured < by ,%% %
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within $
$
%$
day *%
30 < perodi (ii) , %% %
and B Borowre has ""
' commcedne % that 7$
curing $
$ default wi ht ni that 8
$
$
$ 30 <
day *%
period
and +
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thereareft dilige
tly
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and N*$ '<
expeditiou
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proceeds to %
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that 7$
defa
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that 8
then $
$ 30 <
day *%
pe
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ir will
K be N$ for '
extended 7 % long '
so as
%' <
reason
bly
a requerdi
%Q% by , %% %
< Borrowre the N%'
in $
execr ise of
due
diligence to cure "
$ % default, *
that $
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up to a "N""
maximum of K(<' after $
90 days 7$% the
$ to , %% %
notice $ Borrw
ore 7the /5$
of $
Event 7 of ?7$;
Defalut;
and
(o)
B < Loan ? "$
any > Documnt
e '' to
ceases $ be
in 7 force
full 7 % effect %
and 77$ is "
or ' decla
der 5
void < by a& 5%"$
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l a -
<
Auth
tyoir or
K
< party $
%$
any *%$< theerot '
C m '
shall "
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unenforcebility
a %
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invadit
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tyuri intees
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$%'$ in the
$$
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creaed
t <
by $
the %
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l ar
? "$'
Docume snt shall fai
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l or '
8] % cease $ be, %
to shall
or '
be ''%$
asserted writing $
$
in %$ that it ' not,
is $
valid
a 5 and *$
perfedect
$ security $'$
'%$$< interest in $
the
secruities, ''$'
'%$'
asse or *% *'
st % properties 5%
covered $
%<;
thereb;y
7.02
0"
Remedies. *
Upon $
the
occuce
rrne
and %
dung
ri $
$$
the contiion
unta of
7 a ?7$
De,taf ul >%E'
Lend
'sre obligio ant
$ "!
to make
'%'"$'
dis burs m neset of >
7 Loan *% '
procee sd shall $
'
abaet. *
Upon $
the %%
occurre cen of
7 an /5$
Evetn 7 of ?
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Lendre "<; may: B (a) $
$
withuot $
notice $ to
,""%
Borrowe , r
decline > Loan 0Q''
Requests; B declare <
(b) % any all 2$ '
and Obgation
li s
due and *<
payab
e, l without *%'$"$
$ presennt, tme $
notcei of $$
7 intent to +
acceerate
%$ %l or $
not
cei 7
of acce le
ration
$$ , "
demand , *% $'
protest % or B
%
further ""
notice 7of <
any !
kind, of
all 7 which % are N*%''<
exper ssly 5
waivde by , %% %G
< Borrower;
B
and (c) N%'
exe
secir $
%
all othe
rights
r %"' and $%'
remeidse 77 %
affoder d to >
$ Lender % under $
the > Loan ? "$'
Documtsne or -**
Appl
cablei >
Law % or
in Q$<G
equity;
N*$
exce t p that upon
$
$* an $
actual %
or dee"
med $%<
enrt y 7of an %%
order for relief $
$7 with $'*
respect $ to , %"%
Borrower % or <
any 7 its 4''
of + Subses ia
idri in <
any
+' 5<
Invesoncl y #%
Prongcee
, id any R
(i) < obligation 7 of >%
Lendre to "!
$ make $ add
tionali > '
Loans shall $ "$<
'
autom
callyat i
be $%"$
term
nate
id
and B
(ii)
all
""
B
2$ '
Obga li stion shall Q"<
'
autom
callyi ta "
becom e
due payable, $
$
and *< without *%'"$
presentm
, ten "
demna, d *% $'$
proest t or any R
%< notice 7 of any<kind, all C 7
of
whic h % are N*%''<
express
y l 5
wai ved < by , %% %
Borrowe. r
el
Trip Dairy )
V ?%<$2.
5mm)""" 2021 D"@6
RLOC SHerd/Feed
Credit -%"$
%] Agrem
enet
11
98
43
------·-·· ··--- --------------
-0:+>/
ART
CLE
I 8+•=12:+/4
NOT
CES
I
ARTICLE 9 -=&/1/0->
-0:+>/( ?/6+1+:+214
GENERAL DEF
ONS,
TINI I -21:+1&
ACCO
NTING
U MATTERS -1?DRAFTING
-::/04AND 21/1:+214
?0-6:+1&CONVENTIONS
9.01
(
?Terms.
Defined :%"'
*$
Capitalized terms Rin
$%"'defined +this
'section
'$ are 'i+
%used n this %"$as
+
'agreement 'so' defined.
REEx
/N*$
cept
'
"M'R
as otherwise defined this %"$
in $
'agreement, or ''the
%unless $
conte $
%'requ
tx otherwise
$N$ res,i
%Q%'
$%"that
each term $
$is 'in+thi
'used %"wh
s agreement
+'
ich
'R
is defined in Article ( 7
-%$9 $
of the l l
5
UCC sha
'
"
have the meaing
n ascribed
'%to $%"in
that term
$ B$ Article
-%R9(of
7the
UCC.
-'$"$
"Adj
ment
tsu ?C"'
Date'
date
means each $on
the
which
rate
%$'of interest on
K$%'$ >+,20I+N
aLIBOR ndexed Rate > is
0Loan 'or "<be
%may
Ad
-W'$ by >%
uj sted <Lender *5'
purautns to %"$
this agreemen
$ $
' t.
"Affiliate
" of
]-R^ $a #%' whic
Person
h '
is <$
anyting
h other than
% i5
$
an "'
ndividual mea $
%
sn an #5'
other Perso n that
$
$directl, y or
%$<
indirec
ytl
%"<
ough
"
thr one % " %$%"%'
or more intermediaries 5 '
, Contro
s l or is Co
%' tnrolled by
$% <or
%i'
s under "" Contro
%common $
l wi
$% #%' '*R
ht the
Person specified
.
"AntiTerrorism
-
]-$d:%% %'% >'C
Laws "(a)
" mean Bthe
B
U.S.A. 4-Patriot -"
#$% $Act B<
, (b) any of
Kthe
+!foreign
%assets
''$'control
$% regu
ons
ati l
%$ 'of
$the
$
United
$
4$$'Treasury ?*"K
States :%'%<Departme
nt (31
B8 C.F.R
, . Subtitle
4,
#0
B, Chapter
'
*$%V, "or
as amended) %any
<en
abl
ngi legis
on
ati l
'$ or
%executiv
e order
N5 %%
relating there
%$
% (e)
o,t and < $
%
Bany 'rel
other Jaws ating to
%$$ terror
smi
$%% %'"or " <laundering
%money %
.
]"
'Applicab
e l Law >" me"'
ans all
exi
sting and future
%"'
%5'
laws, orders, ordinances,
%' rul regulations
es and %$ 'of K <aGo
or by & 5%"
vernmen l ta
N'$ %'
; N "
Authority
-
+<G except that $%"
$in determining $
N""
the Ma ixmum Rate , Appl
0$E cable
i
-** >shall
Law "those
'
mean $
'laws , orders, ordinances
'
%%'
%', rul "'
es and
5
'
regu
ons
ati l
in ' K
effect as of the her
date
$
eof %or K
if there
$
%is
'a change i
n Appicab
el l
-** >which
Law
(a)
B8perm >%to
ts i Lender
*%"$'
%int
$ charge erest on
+$%'$
" $'which
amounts
>%wou
Lender d l not $ ""E'
otherwise be *%"$$
permitted to$
%
charge interest, or
+$%'$
%(b)
Bincreases
+%''the
$
perm
ssible
i
*%"'' rate of
%$ Kin teerst, the
$$'
n
$
$
-**
the new Appliable
c >as
Law 'of
Ki$'
ts effect
ve i dat
%$5$
e.
"dr "'
], %C
"Boa $
, %
means the Board of & 5%"' 7
Governors of the
Fedreal
6%0'%5System
Reserve 4<'E"of
7the
$
Unit 4"'of
ed States
$ 7Amca
rei.
-"%
X, %% "C
"Borrow
" re sha
5
ll hav
'
e the "
mea '*
ning specifi
ed i+ $
*%"
n the preamble of
thi %"$
s agreement.
+
'
C, %%
'Borowing
r ,'"R
Base Certificate
' "'acerti
means cate
fi
%$R$in a7 %"
+ *$
form acc
eptable to $ Lende, r properly
>$
comp
eted l
*% *<"* cert
and fied
i
%Rby
<
, %% %
Borrow 7 %*%* ''
, r e for purposse of cal
ng
atcilu
K$ $
, %%
the ,'E
Borrowing Base , together
+
%with
al '** documen
l supporting
"$
ion
tat required
%Q%by
<Lend
. re
>%
^,'''
"Business ?<^ "'
Day' mea <day
sn any <
$ than
other $
a Saturd
, ya
4$%<
4<
Sunday , or other day
% $
% wh
<on F
chi commercial !'
""%bank s ar%
e
au
hori
t zed or required
%Q%to e %
$ clos
'undre the
+
App
cab
ie l l
-** >'
Law s of
Kthe
+
Stat
e K
4
of Cafornia
li , or
$ "
%are
$in
fac '
t clo
$$ es d in
the
$
St
ate of
4$ Californ
. ia
$ "
] 'C
"Closing "'
" mea ns (a) the ! "
B$
acknowledgemen
t by >%
<Lend "$all
er that conditions *%to
$ 'precedent the
Cini
tial Lo
$ >
an are
%sat
ied
sfi
'
'or %
5
wa
vedi in %
accordan
ce with
thi
'%"
s agrement
e , or (b)
% Bthe
$
initia
l Lo
$ > '"E
an is
5%
made, whi
evhcer is
'earli
er.
5
] '
"Clos
ngi Date' "'
?$
+
means the date
of the '
$
Closing
.
] C
" "'
"Code means the Internal 05
$
+" of
Revenue Code 71986,
( as "fro
'amended m ti"
7 " me to
$ ti$"
me.
E $%
'Contro
" l of 7a #%'
Person which i'
s anything
<$
other
$
%$
indiv
than an dual
i
5"'the
means * %
$
power to
$ direct
%the ""$
$
ma
nagm
ente and
polici
se of
* ' that Per
7$
$ so,n directly
#%' or %$<
%$< %
$
%through
indirectly, whether $
%
the $'
*
$
ownersh
p i of 7vot
ngi securitie
5 $ , s by
'%$'
<con
ract
t
$%$or %otherwis
, e and
$
%'E the
$
5"'
terms C $% ^
"controll
ng" i ? $% C
and "contro
edl"l
5""'
have mean
ngsi corre
ative
l
%%$5to the
$ $
foregoing
.
4
"CPA' "'ind
means an +*$
ependen Rpub
t certified $*$
ci l accountant
* acceptebal to >%
$ Lender
.
5
Trip
el V ?%<
Daryi $2. )""0>2
[
Smm D%7
RLOC 201
2 Herdee
/Fd
%$-%""
Credit Agreme
et n
12
99
44
#-
"CPA -$^
Audit
"de audited <
$ a #-
by including
CPA, +an 7'
auditor
s' *
opinion.
C
C
#-05'
"CPA Rev
ewed
i " "'
means "5 by
reviewed < #-
a CPA including
, " a $5
review %* %
report.
^?7$^
"Defua"lt "'
means <
any 5$
event %condition
transportation or
$%'* %$$ regulation 7
%%$ or N* '%
of, % exposure E to, D% '
Hazardous %'
Mat
s,ali er +E
including the
"*%
'5
Compr eivhen
es /5% "$
Environm ntal
e 0'* '
Response
"*'$
Comp nsation
e and $<
Liability -$
Act, 9
42 E4
E
U.S.C. ee 9601 d'Q
§§ ( et seq., $
the /%
Endang eed
r 4*'
Species -$
Act. 16 U.S.C
4.
ee§§ 15 31 K
)8 et 'Q
seq
, . $
the 4
Solid
F'$
Waste ?'* ' l a -
Dispos Act, as'"
amended < the 0' %
by ( Resource '%5$
Conservat
on i
and 0 5%<
Recov rye Act -$ , 42 4
9U.S.C. ee §§ (
6901 K et 'QE
seq., $
the
Clean -%
Air -$
Act.
42 44
9 U.S.C. §§ 9
ee 7401 Ket 'Q^
seq., $
Clean F$%
the Water -$Act,88
33
4
U.S §§ )
C..
ee 1251 $et 'Q Tocxi 4''
the : N
seq.,
$
Subsces
tna Control -$
$% Act, )
15 U.
4
S.C. ee§§
2601 et seq the /"%<
, . $
'$'QE
Emegr ency # Planning and ""$<
Community 0
$Right $ to .
Know Ac ,t 9
-$
42 4E
U.S.C. ee §§
11001 $ et 'Q
seq., $
%*$%H#%'<=
the CarpPreslnt
re-- ye
re D% '4'$
:%
Tann Hazardous Substanc e - "
Account -$ (Health 8
Act BD$
Safety
& 47< Code e)8§2530 K et 'Q
seq,.) $
Hazardous F'$
the D% ' Control >
Waste $% Law BD"(Health )
&
Safety
4$$< Code e)2
§2510 $'Q
et seq the 4$
), . $
Drinking F$%
Safe ?%! Toixc /7 %"
Water and : N Enforcent
me of 1(I
Act 7
-$ (Health 3
986 BD$
Safety e)9()
& 47$< Code §25 5 2. 94
et
seq
), .
'Q
the %%
Underground 4$ % Storage of D% '
Hazardous 4'$'
Subsances
t Act (H
-K ealth I
BD$
Safety
& 4$< Code e)I
§25280 $ ) .
et 'Q
seq and $
the # %E
PortColo
er- gne
F$%
Water 2$< Control -$
Quality $% (Water
Act BF$% Code )8
§13100 K et 'Q
seq
). . E
"*
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Trip
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Dairy ))CKC
$25mm
. 0>2201
RLOC
2 D%+6
Herd/Fede
%"Y -""
Credit Agreement
138
9)
45
creditors, %
%$ %' or $
voluntary %
the 5 $%< involuntary """K
or +5 $%<commen
emen
ct of <
*""
ceeding %
any pro under the "65,!%*<
Federal Bank
uptcy
r
Cod <other
%any
e or $
%
!%*$<or +' 5<
bankruptcy %insolvency law. <
by $'$
or aga
nsti
a #%'
Peros n, $$
=*
including the wi
ng
nidup
- %
or Q
liqdation
ui a#%'
of Person.
nterest /"Y
'I$%W Payme Date" "'
t n ?$^means date
a $on
wh
chi %%<
regu
yalr l '
$
schedued
l *<"$'
payments 7
of $%'$
inteest
r %
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10.07 -""$'
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10
08
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Governing >
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the > Documents will governed
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1009
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( 0+4?+:+21
JURISD
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AND VENUE . ,2002F/0 IRREVOCABLY-&0//4
BORROWER +00/2-,>A AGREES :D-:THAT,-: AT :D/ OPTION 26
THE 2#:+21 OF
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DOCUMENTF+>> LL ,/
WI BE >+:+&-:/?
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THE 4#/0+20 COURT 26 OF ->+6201+-
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FRESNO 21:AE COUNTY,
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10.10 " Execution. :
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The > Documents "<
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of
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ii. Sect
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No
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JDE+U4+@D@4+T+4
25v1
7
1939 / 17373.01
28 2
:%!; ?<
T ripie V Daryi
QO -""
Fouhrt Amen
t nm
ed "O""'
Loan Documtsen
+
70
%$'
guaanree
ts all $
that
$
$ information 5
the 7 %"$ given $ the >%
to
Lenerd "*$
is com
+' e,pl
te accurate
%$and fully <%*%'$'
represesnt ,$"%'
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' R
finacn ial
and *%$
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conditions
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(d)
B Continuing 0
$ %'$$ '
Representations and F%%R'E
Warrantie After 5"
. s -7$% giving $
effect $ s -""$
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$
' Amendm
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the
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ti ant
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7.
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Conditions 7this -""$
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'Amendment. >%
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have
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5 no $
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, %% %has *to >%
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loan fee the "
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9.
(E 1
No ""$"$
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Futeru Fi
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:
' is "
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set 7 %$
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' Amendm
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1 O.
1 Offset,?7'
No 277'$ Defense %
or "
Borrower '
Claim. , %% % not
5
does $ have <
any B
(a) 77'$'
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amount *<
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$
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Docum nes;t {b) 7''
Bdefen
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$ paymnet 7 any " $'
of < amounts % the >
under $
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t %or B
(e) $"'
cla
msi agatins >%
'$ Lendre + in
conec
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$
the >
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To the
Nany '
extent < such "'
cla
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i exist. ,2D2F/:
do " '$ Borrowe r
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11.
R$; Waiver. :
No F5 The N$
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5%<and 775''
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% Loan
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other > Documents
.
12.
/N'
Expenses The , %
. :
Borrower '
pay
shall *< "
on dema
dn
all '$'and N*''
cosst expe
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$%% the >%
by $
< Lender
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7 Amend
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limita, tion >Fees
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as
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and $
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5%7$ %* '
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fidel exa ons
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t
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5
under $
'
this 4$
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shall '%55
survive $%"$
termin
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'
7 -""$
this Am edn ment +*<"
and repam of , %% %'
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oblions
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%$Agreement.
(8()5Z8I
1939725v1 / 1737823.01 38
ripei
T: V ?=%<
Daryi
Fourth -""
6 " Amnedmetn Loan ? "$'
> Docmuents
71
.. -·----------··- ---·-------------- -
e
13.
8
Severability 7
45% of # 5' '
Prov
sions
i . :
The 5$<
invalidity %or 7 %<
unenforcity
eabil 7 any $%"
of < term %*% 5' 7
or provisio this -""$
n of $
' Amendm nte, or
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Docum
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shal l $ affect $
not 77$ the val idity %
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of $
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this
-""$
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or $
Loan ? "$'
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as **% *%$
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ri shall
'
valdi
be 5 and 7 %
enforcea ebl to $
$ the ful
lest N$$*%"$$
7'$ extetn permitted <
by E
Jaw.
14.
9
Binding
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and -''
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proonsvisi this -""$
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'
7 Amendmen
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the %'*$5
bind $
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7 part
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6
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Further -''%'
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Borrowe r agrees to $ N$
execute < l a ""'
any $
addition docum
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16.
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/N$
Execution in "%R'
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'-""$
This Amendm
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each which
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be "
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all 7
$!
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%
togeterh shall '$$$
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17.
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Law. :
' -""$
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'
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B
laws 7
of B
the 4$$
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18.
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Opticay ll "
2*$< Imaged 0% $ '
Reproduct
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>% may "!make optically "
an *$< imaged reprodu
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B%*% $ of <
7 any % all >
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? "$'
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the ori
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for all purposes
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docment.u 6 %** ''
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8998South ,5
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-93277
Visalia, CA
' (8
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559-585-3393
August )
-'$26, 2015
:*
Dairy,a; 7 %
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Tripl %*%$%'
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California general partners
hip
8) -5176
6305 Ave
Tulare,
:% Ca (89
93274
01-
Re: RNA >
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Loan Number 89(9
1
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6>of %$[ )
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Dear Borrower ,
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l. Original >
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Documents Will F0"
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%
/77$
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Maturity Date. The "$%N< date
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X %<1
Mary
#
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Loan ? """$
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cc:
77
0 ! 1-
Rabobank, N.A.
""%> Admini5trotion
Commercio/ Loon -"'$%$ Services
4%5'
0!
Rabobank
9)E./
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05%Park F'$
#West
4$E
Suite401
6%' CA
Fresno, -93720
(8
(9=
PI942-6222
(800)
-'$
August 26, 2016
:*
Triple V ?%<
Dairy
-$$$ ; ?5
Attention: David Valadao
(8
17293 ( +-5
9 1/2 Avenue
D%
-(88
Hanford, CA 93230
0;
Re: >
Loan Number 89(==?$<Herd/Feed
1"%361429-01-Dairy D%@6Line
>of
7Credit
%$
/N$'
Extension 7:%"'
of Terms
&$"
Gentlemen,
-'you
As < are
%aware,
% the %%"maturity
$
current "$%$<date 7$
$of 5referenced
the above %7%loan
{the CHerd/Feed
B$
"Dairy D%RRLine
>of ";Is'August
7Credit') -'$31,
E
8
2016 B$
C$%<"<
(the "Maturity Date"),
on
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+$%'$
date all principal, interest ] $
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and all " $'owing
other amounts under
%the
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Dairy D%@6Line
?%<Herd/Feed >of
7
%
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%$ *<
due and payable
. -
All *$$%"'not
capitalized terms Rherein
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%shall
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> Documents
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5
evidencing the Dairy D"@6
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has agreed N$the
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following
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$%"' $ ';
terms and conditions:
1. Maturity Date. :
The maturity $of
"$%$<date 7the
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of Credit
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be N$7% " -'$31,
from August to
8 2016 $
4*$"%30,
September B$
8 2016 ^1Maturity'Date/.
(the "New R$<?
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terms > Documents,
$
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of this
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$%$<Date 6% "and
. From after
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the
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Date' in the Loan
$
? "$'shall
> Documents "the
'
mean 1Maturity
$
New ?$
$%$<Date.
2.
Loan ? "$'
> Documents Will +
FRemain
in Effect. :
Loan
/77$
The ? "$'shall
> Documents %"in
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remain full
7force effect
7 %and N*$as
77$except '
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modified by
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any
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this $$%shall
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7 %$
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No ""$as
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. %"$to
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'agreement
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< <
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any
future R
financing in
any
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amount beyond the 1
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Re 0
servation of :
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Rights. Though >%is %to
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7the
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"$%$<date 'set
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7 %$
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%
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%'%5'
specifically reserves
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rights and remedies 5
available to
$ il '
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$should D%@6Line
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N*%an 5$
78
I
#
Page of 2
2 7
of 7$
7 7$%$
default after the %$
granting of $
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7this - "%< $
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extension. Accordingly, $$% '
this letter does not constitute awaiver
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7any %
$or
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%"<that "<
remedy
may in $
future
+the "5
7$%become $ >%
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or 7any default
7$or 5$ 7
%event of $$
default that now exists, %that
N'$' or $
$
%'
occurs $%$
$
after the date of
7this letter.
$
'$$%
D"
Please $$
contact < %relationship "%
your %$ '
*manager,
>"'with
Michael limas <Q'$ '
$
any questions
.
4
Mary 1
%<Nance
Loan ? "$$ %
>Documentation Manager
79
(
0! 1-
Rabobank, N.A.
""%>
Commercial loan -"'$%$ 4%5'
Administration Services
0 !
45 0KPark
)River
9)£ #%!Place F'K
#West
4$9
Sulte401
-93720
6%' CA
Fresno, (8
(9=
B8942-6222
(BOO)
:%*
Triple V Dairy
?%<
$ ;
?5Valadao
Attention: David
(8
17293 ( 1/2 -5
9 +Avenue
Hanford,-
D7 % CA (88
93230
0;
Re: > 1"%
Loan 361429-01 -HDairy
Number 8I9(= D%@6Line
?%<Herd/Feed >of Credit
7%$
Extension 7
/N$' :%"'
of Terms
&$"
Gentlemen,
As <
-'you are aware,
%
the current maturity
$
%%$ $of
"$%$<date $
5
7the above %5% {the
referenced loan B$
"DairyD/
? Herd/Feed Line
>/(of %E
Credit 4*$"%30,
) " is'September 8
{the C$"
2016 B$
'Maturity ?$^
Dateî, on
date
which $
all principal,
*%* interest all
+$%'$and other " $'owing
$
%amounts % $
Dairy
under the D%@6Line
?%<Herd/Feed >of
7
%$are
Credit % due
and payable
. All
*<
-capitalized $%"' $
*$terms Rherein
not defined
%shall
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have
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7 %$
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evidencing $
the ?%<D@6>
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of %$
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You, or
A % ?'$#%'
a Designated Person idenUfied
$Rin $
>
+the Loan Documents,
5requested
? "$'
have extension
%Q'$an N$' of
7the ""<Date
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?$
This $$%
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'
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letter will confirm $
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$ ';
0 ! 1-
that Rabobank, B
'%
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following
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1. C""
Maturity Date. :
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The $ 7
maturity date ?%<D%@6
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November 30, B"
8 2016 (the 'New $"?$
Maturity
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2$"Tenns Remain 6 6and
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/
All $
%terms
-other condiUons
$%"'and 'set
$ 'as '$forth in the
7 %$
$
Loan ? "$'
> Documents
'
%"
shall remain
in full
7force effect.
7"and R$
4.
9
1 ""$"$as
No Commitment 'to #<" R
This
Future Financing. %"$to
:
'agreement N$the
Bextend $
maturity the
$on
"$%$<date $
Dairy D"@6Line
?%<Herd/Feed >of
7
Credit
%$is
' $ """to
not acommitment $ *% 5< or
provide you <related
%any %$entity
$$<with <future
$
any Rin
7$%financing any " $beyond
<amount < the 1
$
New
Maturity ?$'$
$%$<Date set forth in this
7$
letter.
$
'$$%
)
%$
5. Reservation 70
$' :
Lender
of Rights. Though >%is %to
'agreeing $ the N$' of
$
extension 7the
$
maturity 'set
$as
"$%$<date 7
herein,
'$forth >%
% Lender
'*R< %'%5'
specifically reserves rights
all %
$' and %"'
remedies available
5lo '
the
$ it should
$ $
Dairy D%@6Une
?<Herd/Feed of Credit experience
> 7%$
N*%an
80
I
# 7
Page 2 of
2
5K
event 77$%
of default after $
the %$
granting of
7thi
$
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s N$'
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$
''K does K
not consUtute waiver
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%"<$
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remedy that in $
may future "
the 7$%become 5
ava
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of any 7$or 5$of
%event default that
K7$
$now N'$'
exists,or
%that
$
$
%'7$%
occurs after the $
date of
this
$
'letter.
$%
wou
Finally, we
6<
d l ! $ $
!
like to thank <
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7 %your . F
business
< %'''
We will Rto
continue $ provide < with
*% 5you $
'$
$
the highest l5
evel of '$ "%service
7customer '%5
for < %
7 % futur 5 %'
your 7%= endeavors, so please !*
' *'keep us n "
'i
'%
mind when considering < %
your future '''
7$%bus
ness
i '
needs.
'-. . ...
= -~·
$<1
Mary Nance
> Documentation %
Loan ? "$$ Manager
81
I
0 !
Rabobank, 1
-
N.A.
""%
Commercial >
Loon -"'$%$
Admi ni stration4%5'
Services
0!
Rabobank
9)E.
45 05%#%!
/
River ace F
C
#
Pork Pl West
4$2
Sui te4{)1
6%'
Fresno, CA-93720
(8
BI(=
(800) 942-6222
1 5"%
November 25,
)
2016
Trip
e l V ?%<
:%* Dairy
$ ;
Attention: ?5
David Valadao
17293 9(C
(8 1/2 -5
Aven
eu
Hanford, -
D7 % CA (88
93230
0;
Re: Loan 1"%
> Number 89(=
36429-
1 1 -=?%<
Dairy D%@6 ne 7
>
Herd/Feed Li %$
of Credit
/N$' 7:%"'
Extension of Terms
C"
&$"
Gentleme
, n
-'
As you
< % aware, "
are %
curretn maturity $
the %%$"$%$< date 7 the 5
of $
above %"
refere
ced
n
loan (th ]*
ryi D%@6
e "Da
B$
Herd/Feed > KCredit')
Line of s 1 5"%
%$Ci' Novembe
r 30,
8
2016 B$
(the "Mat
rity
u Date"), on
which $
date
all *%*
principa
, l nterest
i+$%'$and
all ot $
% " $'owing
her amounts % $
Da
under the ryi D@6
?%< >of
Herd/Feed Line 7
%$ are
Credit % due
and *<
payable . -
All *$
cap
zed
tali $%"'
terms not $R
defined
%
herein sha ll have
'
$
"'
5the mean
ngsi '$forth
set 7 %$
in
the
$
Loan ? "$'
> Documents
evidencing !
5the Dairy Herd/Feed
?%<D%@6 of %$
Line 7Credit.
A
or
Yo,u % Designated #%'
a ?'$Person i$R
dentified +
in $
> Docume
the Loan ? "$'
ts,n
5%Q'$
have reqested
u N$'
an exte
sion
n
of the Maturity Date.
$%$<?$E
This $$%
:
' will R%"
letter confirm $
$ , 1-
that 0 !
Rabobank N.A. ("Lender" has %
)
'
B>%M $ N$
ager ed to $
Da
extedn the D%@6Line
ryi Herd/Feed
?%< > 7
of Credit the
%$on $
foll
owing
7 E
terms
$%"'and $ ';
conditions:
<
1.
Maturity ?
$%KDate. :
The "$$<
matuty
ri date of $
$ 7the ?%<
Da Herd/Feed
ryi D%@6 Line of
7Cred all
it sh
%$'
be N$
exteded
n ""1 5"%
from November 30, to
8
2016 $
?"%
December 31 8, (the C1
2016 B$
"New Maturity ?Date . ) " 4W$
$
Subej ct $ $
$%"'
to the terms of $
>
Kthe ? "$'
Lender
Loan Documents, >%may "<continue
$to
$
2.
Loan ? "
> Documnts
e 0"
Will in /R$
Remain + Effect. :
Loan ? "$'
The > Docume
tsn shall %"in
'
remain + full
7force effect
7 %and $N*$
except as '
" R
modified <
by $
'
this $$%
4
letter. Sh <
ould an
y arise $
conflict %'between $
' etter
this l$$%and th > ? "$'
e Loan
$
Documets,n $
$
'
then this l$$%'
etter shall
control.
$%
3.
8
2$
% Terms 0"
Other :%"' Remain + in 6
Full 6(G /R
Force and Effect. -
All other $%"'and
$
%terms ons '
conditi
$ 'as set 7
i
'$forth n the
$
Loan ? "$'
> Documents
shall %"
'
remain
in full
force and effect.
77 % 77$
4.
9
1
No ""$"$'"
Commibnent as "
to Future 6
:
'%"$
Financing. This agreement to N$the
$ extend $
maturity $
"$%$<date on the ?%<D%@6
$
Dairy Herd/Feed Line
>of
7
t i '
Cred
%$ a """$
$
is not commitmen
t $
to prov
dei
*% 5you or <
< %any rel
ated $$<
%$entity with <future
$
any 7$%R
finng
anci <
in " $beyond
any amount < the 1
$
New
Maturity ?$
$%$<Date '$
set 7$
forth
in $
'
this l$$%
etter.
5.
)
R"
Reservtaion K
$'
of Rights. :
Thogh
u >%'
Lender %$
is agreeing to the extens
on i
$
N$' of $
7the maturity $as
"$%<date ''$
set fort
h
%
7 %$
>%
herein, Lender
specifically reserves
'*R<%'%5' rights
all %
$' and %"'
remed
es i ava
eab
il l
5to '
$ it shou
d l the
$ "Dairy D%@6
?%<Herd/Feed Line
>of
Cred N*%
it exp
%$ erience an
82
I
0 ! 1-
Rabobank, N.A.
""%> Admini5trotion
Commercio/ Loon -"'$%$ Services
4%5'
0!
Rabobank
9)E./
River
45 #%!Place
05%Park F'$
#West
4$E
Suite401
6%' CA
Fresno, -93720
(8
(9=
PI942-6222
(800)
-'$
August 26, 2016
:*
Triple V ?%<
Dairy
-$$$ ; ?5
Attention: David Valadao
(8
17293 ( +-5
9 1/2 Avenue
D%
-(88
Hanford, CA 93230
0;
Re: >
Loan Number 89(==?$<Herd/Feed
1"%361429-01-Dairy D%@6Line
>of
7Credit
%$
/N$'
Extension 7:%"'
of Terms
&$"
Gentlemen,
-'you
As < are
%aware,
% the %%"maturity
$
current "$%$<date 7$
$of 5referenced
the above %7%loan
{the CHerd/Feed
B$
"Dairy D%RRLine
>of ";Is'August
7Credit') -'$31,
E
8
2016 B$
C$%<"<
(the "Maturity Date"),
on
which $*"*
+$%'$
date all principal, interest ] $
%
and all " $'owing
other amounts under
%the
$
Dairy D%@6Line
?%<Herd/Feed >of
7
%
Credit are
%$ *<
due and payable
. -
All *$$%"'not
capitalized terms Rherein
$defined
%shall
5the
'
have "'set
$
meanings '$forth
7 %$
in
the ? "$'
> Documents
$
Loan
5
evidencing the Dairy D"@6
$
?%< Herd/Feed > 7B$
Line of Credit.
A
%
You, or a Designated #%' idenüfied
?'$Person in the
+$R$
Loan ? ""'
> Documents
5$Q'
, have extension
requested an N$' of
7the Maturity Date
$
$%$< .
?$
:
'
This letter R%"that
will conñrm
$$% $
$0 ! N.A. BE>
{"Lender")
'
has agreed N$the
$ extend $
?%<D%@6Line
Dairy Herd/Feed >of
7Credit the
%$on $
following
7
$%"' $ ';
terms and conditions:
1. Maturity Date. :
The maturity $of
"$%$<date 7the
$
Dairy D%@6Line
?%<Herd/Feed >
of Credit
%$shall extended
'
be N$7% " -'$31,
from August to
8 2016 $
4*$"%30,
September B$
8 2016 ^1Maturity'Date/.
(the "New R$<?
Subject $ the
4W$to $%"'of
$
terms > Documents,
$
Loan
7the ? "$' Lender
>%may"<continue
$to
$
"!?%<
make Herd/Feed
Dairy D%@6 Line 7
of Cred > 'under
t i Loans
%$ %the
$
Dairy D%@6Line
?$<Herd/Feed >of
7Credit 7% "time
%$from "to
$ time
$"during
%the
$
*% $
$
7% "the
period from date 7
of this
$
'letter
$$%to
$ the 1Maturity
$
New ?$
$%$<Date 6% "and
. From after
7$%the $of
$
date 7this
$
'letter,
$$%
the
$
term $E
$%"'Maturity
"C E
Date' in the Loan
$
? "$'shall
> Documents "the
'
mean 1Maturity
$
New ?$
$%$<Date.
2.
Loan ? "$'
> Documents Will +
FRemain
in Effect. :
Loan
/77$
The ? "$'shall
> Documents %"in
'
remain full
7force effect
7 %and N*$as
77$except '
" R
modified by
<this
$
'letter. 4
any
$$%
Should <conflict
$arise $this
%'between the
letter and
$
'$$% > Documents,
$
Loan ? "$' then "'letter
$
this $$%shall
'
control.
$%
3.
8
2
%:" ,%in
Other Terms Remain +Full
6Force Effect
6%and /77$ All
-other
$
%terms conditions
$%"'and 'set
$ 'as '$forth
7 %$
in
the
RLoan ? "$'
> Documents
'
%"
shall remain
in 7
full 7 %effect.
force and 77$
4.
9
No ""$as
1 Commitment 'U 6$Financing
to Future 6
. %"$to
:
'agreement
This N$the
$ extend $
maturity the
$on
"$%$<date $
Dairy
?%<Herd/Feed of
D%@6Line
Credi!
%$is
'not a ""$"$
$commitment to $ provide %
< <
*% 5you or any related
%$entity
$<with
$
<
any
future R
financing in
any
< " $
amount beyond the 1
< $
New
$%$<?$
Maturity Date set
'$forth
7 %$
in
this letter.
$
'$$%
5.
)
0'%5$
Re 0
servation of :
"Lender
Rights. Though >%is %to
'agreeing $
N$'
$ the extension of
7the
$
maturity
"$%$<date 'set
$as '$forth
7 %$
herein, >%
%
Lender
%'%5'
specifically reserves
'*R< all %
$'%"'
rights and remedies 5
available to
$ il '
Dairy
$should D%@6Line
?%<Herd/Feed >of
7Credit
%$experience event
N*%an 5$
78
I
#
Page of 2
2 7
of 7$
7 7$%$
default after the %$
granting of $
'N$'
7this - "%< $
'
extension. Accordingly, $$% '
this letter does not constitute awaiver
$ '$$$ 5%of <right
7any %
$or
K
%"<that "<
remedy
may in $
future
+the "5
7$%become $ >%
available to Lender %of <
or 7any default
7$or 5$ 7
%event of $$
default that now exists, %that
N'$' or $
$
%'
occurs $%$
$
after the date of
7this letter.
$
'$$%
D"
Please $$
contact < %relationship "%
your %$ '
*manager,
>"'with
Michael limas <Q'$ '
$
any questions
.
4
Mary 1
%<Nance
Loan ? "$$ %
>Documentation Manager
79
(
0! 1-
Rabobank, N.A.
""%>
Commercial loan -"'$%$ 4%5'
Administration Services
0 !
45 0KPark
)River
9)£ #%!Place F'K
#West
4$9
Sulte401
-93720
6%' CA
Fresno, (8
(9=
B8942-6222
(BOO)
:%*
Triple V Dairy
?%<
$ ;
?5Valadao
Attention: David
(8
17293 ( 1/2 -5
9 +Avenue
Hanford,-
D7 % CA (88
93230
0;
Re: > 1"%
Loan 361429-01 -HDairy
Number 8I9(= D%@6Line
?%<Herd/Feed >of Credit
7%$
Extension 7
/N$' :%"'
of Terms
&$"
Gentlemen,
As <
-'you are aware,
%
the current maturity
$
%%$ $of
"$%$<date $
5
7the above %5% {the
referenced loan B$
"DairyD/
? Herd/Feed Line
>/(of %E
Credit 4*$"%30,
) " is'September 8
{the C$"
2016 B$
'Maturity ?$^
Dateî, on
date
which $
all principal,
*%* interest all
+$%'$and other " $'owing
$
%amounts % $
Dairy
under the D%@6Line
?%<Herd/Feed >of
7
%$are
Credit % due
and payable
. All
*<
-capitalized $%"' $
*$terms Rherein
not defined
%shall
'
have
meanings
5the "'set
'$forth
7 %$
in
the
$
Loan ? "$'
> Docoments
5
evidencing $
the ?%<D@6>
Dairy Herd/Feed Line 7
of %$
Credit.
You, or
A % ?'$#%'
a Designated Person idenUfied
$Rin $
>
+the Loan Documents,
5requested
? "$'
have extension
%Q'$an N$' of
7the ""<Date
$
Maturity .
?$
This $$%
:
'
$"'
terms
R%"
letter will confirm $
and conditions
:
$ ';
0 ! 1-
that Rabobank, B
'%
N.A. ("Lender') has agreed to N$the
$ extend $
?%<D%@6Line
Dairy Herd/Feed >of the
Credit on
7%$ $
following
7
1. C""
Maturity Date. :
"R$<
?$
The $ 7
maturity date ?%<D%@6
B
Dairy
of the >of
Herd/Feed Line %$shall
7Credit extended
'
be ""September
N$from 4*"%30, to
8
2016
1 5"%
November 30, B"
8 2016 (the 'New $"?$
Maturity
Date
)." Subject
4$to
$ the $%"'of
$
terms 7the > Documents,
$
Loan ? "$'
>% "<
Lender may $
continue to
$
"!
make ?%< D%@6>
Dairy Herd/Feed Line 7 %> '
of Credit %the
Loans under $
Dairy D%@6Line
?$<Herd/Feed 7Credit
>of 7% "time
$from $"to $"during
$ time $
$the
*% 7%"the
period from $ 7
$
date of $
'
this $$%
letter to
Bthe 1$%$<
$
New Maturity Date 6% "and
. From
?$
after
7$%the $of
$
date 7this
$
'letter,
% the
$
term <
$%"'Maturity
"<;
Date·
in the Loan ? "$'
$
> Documents shall "the
'
mean 1Maturity
$
New ?$
%<Date.
2. Loan ? ""
> Documents Will 0"in
FRemain Effect. :
Loan
/77$
The > ? "$'
Documents shall %"in
'
remain full
7force effect
7 %and R$except '
N*$as
" R
modified by this letter
<$
' 4
<
%. Should any conflict $this
arise between
$%' $
'letter the
$$%and > Documents,
$
Loan ? "$'
then
$
this letter shall
$
'$$%'
control.
$% >
3.
8
Other ",
2$"Tenns Remain 6 6and
in Full Force Effect.
/
All $
%terms
-other condiUons
$%"'and 'set
$ 'as '$forth in the
7 %$
$
Loan ? "$'
> Documents
'
%"
shall remain
in full
7force effect.
7"and R$
4.
9
1 ""$"$as
No Commitment 'to #<" R
This
Future Financing. %"$to
:
'agreement N$the
Bextend $
maturity the
$on
"$%$<date $
Dairy D"@6Line
?%<Herd/Feed >of
7
Credit
%$is
' $ """to
not acommitment $ *% 5< or
provide you <related
%any %$entity
$$<with <future
$
any Rin
7$%financing any " $beyond
<amount < the 1
$
New
Maturity ?$'$
$%$<Date set forth in this
7$
letter.
$
'$$%
)
%$
5. Reservation 70
$' :
Lender
of Rights. Though >%is %to
'agreeing $ the N$' of
$
extension 7the
$
maturity 'set
$as
"$%$<date 7
herein,
'$forth >%
% Lender
'*R< %'%5'
specifically reserves rights
all %
$' and %"'
remedies available
5lo '
the
$ it should
$ $
Dairy D%@6Une
?<Herd/Feed of Credit experience
> 7%$
N*%an
80
I
# 7
Page 2 of
2
5K
event 77$%
of default after $
the %$
granting of
7thi
$
' . -" <
s N$'
extension , this
Accordingly letter '
$
''K does K
not consUtute waiver
'$$$a 5% 7<right
of any %
$or
%
%"<$
$"<
remedy that in $
may future "
the 7$%become 5
ava
eab
ill to >%
$ or 7
Lender % <default
of any 7$or 5$of
%event default that
K7$
$now N'$'
exists,or
%that
$
$
%'7$%
occurs after the $
date of
this
$
'letter.
$%
wou
Finally, we
6<
d l ! $ $
!
like to thank <
you for
7 %your . F
business
< %'''
We will Rto
continue $ provide < with
*% 5you $
'$
$
the highest l5
evel of '$ "%service
7customer '%5
for < %
7 % futur 5 %'
your 7%= endeavors, so please !*
' *'keep us n "
'i
'%
mind when considering < %
your future '''
7$%bus
ness
i '
needs.
'-. . ...
= -~·
$<1
Mary Nance
> Documentation %
Loan ? "$$ Manager
81
I
0 !
Rabobank, 1
-
N.A.
""%
Commercial >
Loon -"'$%$
Admi ni stration4%5'
Services
0!
Rabobank
9)E.
45 05%#%!
/
River ace F
C
#
Pork Pl West
4$2
Sui te4{)1
6%'
Fresno, CA-93720
(8
BI(=
(800) 942-6222
1 5"%
November 25,
)
2016
Trip
e l V ?%<
:%* Dairy
$ ;
Attention: ?5
David Valadao
17293 9(C
(8 1/2 -5
Aven
eu
Hanford, -
D7 % CA (88
93230
0;
Re: Loan 1"%
> Number 89(=
36429-
1 1 -=?%<
Dairy D%@6 ne 7
>
Herd/Feed Li %$
of Credit
/N$' 7:%"'
Extension of Terms
C"
&$"
Gentleme
, n
-'
As you
< % aware, "
are %
curretn maturity $
the %%$"$%$< date 7 the 5
of $
above %"
refere
ced
n
loan (th ]*
ryi D%@6
e "Da
B$
Herd/Feed > KCredit')
Line of s 1 5"%
%$Ci' Novembe
r 30,
8
2016 B$
(the "Mat
rity
u Date"), on
which $
date
all *%*
principa
, l nterest
i+$%'$and
all ot $
% " $'owing
her amounts % $
Da
under the ryi D@6
?%< >of
Herd/Feed Line 7
%$ are
Credit % due
and *<
payable . -
All *$
cap
zed
tali $%"'
terms not $R
defined
%
herein sha ll have
'
$
"'
5the mean
ngsi '$forth
set 7 %$
in
the
$
Loan ? "$'
> Documents
evidencing !
5the Dairy Herd/Feed
?%<D%@6 of %$
Line 7Credit.
A
or
Yo,u % Designated #%'
a ?'$Person i$R
dentified +
in $
> Docume
the Loan ? "$'
ts,n
5%Q'$
have reqested
u N$'
an exte
sion
n
of the Maturity Date.
$%$<?$E
This $$%
:
' will R%"
letter confirm $
$ , 1-
that 0 !
Rabobank N.A. ("Lender" has %
)
'
B>%M $ N$
ager ed to $
Da
extedn the D%@6Line
ryi Herd/Feed
?%< > 7
of Credit the
%$on $
foll
owing
7 E
terms
$%"'and $ ';
conditions:
<
1.
Maturity ?
$%KDate. :
The "$$<
matuty
ri date of $
$ 7the ?%<
Da Herd/Feed
ryi D%@6 Line of
7Cred all
it sh
%$'
be N$
exteded
n ""1 5"%
from November 30, to
8
2016 $
?"%
December 31 8, (the C1
2016 B$
"New Maturity ?Date . ) " 4W$
$
Subej ct $ $
$%"'
to the terms of $
>
Kthe ? "$'
Lender
Loan Documents, >%may "<continue
$to
$
2.
Loan ? "
> Documnts
e 0"
Will in /R$
Remain + Effect. :
Loan ? "$'
The > Docume
tsn shall %"in
'
remain + full
7force effect
7 %and $N*$
except as '
" R
modified <
by $
'
this $$%
4
letter. Sh <
ould an
y arise $
conflict %'between $
' etter
this l$$%and th > ? "$'
e Loan
$
Documets,n $
$
'
then this l$$%'
etter shall
control.
$%
3.
8
2$
% Terms 0"
Other :%"' Remain + in 6
Full 6(G /R
Force and Effect. -
All other $%"'and
$
%terms ons '
conditi
$ 'as set 7
i
'$forth n the
$
Loan ? "$'
> Documents
shall %"
'
remain
in full
force and effect.
77 % 77$
4.
9
1
No ""$"$'"
Commibnent as "
to Future 6
:
'%"$
Financing. This agreement to N$the
$ extend $
maturity $
"$%$<date on the ?%<D%@6
$
Dairy Herd/Feed Line
>of
7
t i '
Cred
%$ a """$
$
is not commitmen
t $
to prov
dei
*% 5you or <
< %any rel
ated $$<
%$entity with <future
$
any 7$%R
finng
anci <
in " $beyond
any amount < the 1
$
New
Maturity ?$
$%$<Date '$
set 7$
forth
in $
'
this l$$%
etter.
5.
)
R"
Reservtaion K
$'
of Rights. :
Thogh
u >%'
Lender %$
is agreeing to the extens
on i
$
N$' of $
7the maturity $as
"$%<date ''$
set fort
h
%
7 %$
>%
herein, Lender
specifically reserves
'*R<%'%5' rights
all %
$' and %"'
remed
es i ava
eab
il l
5to '
$ it shou
d l the
$ "Dairy D%@6
?%<Herd/Feed Line
>of
Cred N*%
it exp
%$ erience an
82
I
#T
Page 2 of 2
5$
event $
of 7$
default 7$%$
%$
after 1he granting 7this N$'
of $
'extens
on.i Accordingly, 1his letter
- %<
$
' 'not
+R%does $constitute 5%
'$$$a <right
waiver of any %
$or
%
%"<that "<
remedy $
$may 7$% "
$
future
in the become available >% % 7
to Lender
5$ or of <7$or
any default 5$of
%event 7$
7default exists,
that now %that
N'$' or
$
occurs %
%' $
$
alter the date 7
of $
'
this $$%
letter.
#'
Please $$
contact < %
your %$ '
* "%
relationship manager, Michael >"'with
Limas $
<
any Q'$ '
questions
.
Finally,
6<
we 'NOUld
!
like $ ""!<
to thank you for . F
your '''
7 %< %business We will $to
continue *% 5you
$ provide < with $
'$
$
the highest leve
l of
5 '$ "%
7custome
r service
'%5
for future 5 %'
your 7$%
7 %< ; endeavors, so please !*
' *'keep '
us mind
in " < %future
'%your
when considering ''''
7$%business needs.
4 $
%<
> ? "$$ %
83
I8
/LD+,+:
EXHIBIT /
'E'
84
I9
Baker !
,!%Manock
I'*
G
&Jensen Pc
-::201/A4 AT Z-F
E -:
ATT ORN YS I.AW
i1brnn
Cole
at >
-$$ %<$
Attorney
oc
.k
law
R
Fig &%
6 Finan cial $%
Garden 6 Cente r
+-ELECT
VIA RONIC-+>
/>/:021+ -1?21:0-
MAIL AND ONTRAC ) North #"
5260 1<
Palm -5
Avenu e
6 5
6 %
Fourth Floor
Riley Walter, Esq.
0<F$% /'Q
Californi a (8
n o, R"
6%'
>&% *
Fres 93704
F% and F
"
Walter
+ +
California (8
6%'
, 7 "
Fresno 93 720 6N; ))(
98
)
Fax: 559.432.5620
!""%!""
www
bakerman
. k.co
m
co
E-Ma il: %<%fF>&
"
/H; rilcywal
[email protected]
0;
Re: Triple
:%* y,
?%<
V Dair California %
a 7 % general
*%$%'
*
partners
p hi B], %% %C
("Borrower" )
?%<
Dairy ++%@6
Herd/Feed +Line
7
of %$(Loan 1
Credit B> No. 89(=
361429
01)
-
D7%'
Hei >BJ+E%
fers Line (Loan 1
of Credit B> No. 89(=8
361429 -03)
?%%
F%;
Dear Mr. Walter:
-'<
As know,
you ! we %*%'$ 0
!
represe ntRaboba nk, 1-
N.A. B]0 !^
("Rabobank "). The :
5
above
%7%
referenced '
loans will "$%
matur on 4*$"%
e September 8 30, *%'$
2017 pursu to that
ant $ $
$ certai Fourth -""$
n 6 %$
Amendm ent
> ? "$'
to Loan Documents $ as $6"%<
dated ' of February 1O, (Loa n 1
2017 B> No. 89(9
361
429-01) certain :
%
$
$%$
and that Third
-""$
Amen dment $
to Loan ? "$'$
> Documents dated '
as of 6%%<
7February B>
10, 2017 1
89(=8
(Loan No. 36142903).
-
-'
As we *%5 '<
previ
yousl 7 %"
informed you, 0 !
<
Rabob is $
ank 'not
willing $ further N$
to $
%% $
extend the
"$%$<dates
ty $'
maturi on $
'
those l 'E Please
oans. #' be 5'
advi that 0 !
sed $
$ has
Rabobank
' no $
obligation $ 7 %%
to forbear
7% "
from 7 %
enforcing $' ts
%
$'
its righ and %"'
remedies
+<
%'*to
with respect ?7 %
any Default /5$ 7
or Event ?7$
of Default.
0 !
Rabo bank
' $
has not wai5 is
ved, and ' $5
ng <
not waivi Events 7
any /5$' ?7$
of Defau 1 $
t. l Not hing $
contai
ned in this
$
'
>$$%'
Lette r is $
intended $ %'
to or shall be '$%
construed '5% %' " R %
as a waiver, rel
e ase, modifica ti
o n or +%"E
forbearan c e 7
of
any 7
<of the %
$' es,
rights, %"'
remedi and * %'
powers 7 0
!
of Rabo bank '$ , %% %r %
against Borrowe or $
, %
the $%
Collateral or
a
5%
waiver 7
of < ?7$'
any Defaults %Events 7
or 5"' ts,
$
%
?7$'
of Defaul whether '*R herein %
specified
% or $
%'
otherwise.
0 !hereby
Rabobank
%<further notifies <
6%$
% $R' $
0 !
you that Rabobank ' %
is under no $
obligati
on to
$
7<
fund > %
any Loan otherwise N$
or $
%' extend %$
credit under%$
the %$ -%"$
Credit Agree ment % under <
or % any $
% >
other Loan
? "$'
Docum ents R% and, <
after loan %
any extensio n 7
other N$'
or $
% of %$
credit $
$ hereafte r"<
that
%% be "
may made 5
avail
able
$ , %% %B
to Borrower (which is' $ y l $"*$
not %%$<
current contemplated % or %
under %$
deliberaton)i shall
'
be 0 !E'
in Rabob ank'
s
sole
' and ' $
absolute '%$ until 7%
%
discretion notice,
further $
and <
any $
addi
tional > %
Loan or $
% extension 7
other N$' of
%$
credit by<0 !
Rabo bank '
be "
shall if $
made, 7 at
on a'=<H'
all, case-
by-caes basis
'' and '
under
shall % no
%"'$'
circum ances
st be "
deemed $ to 5
wai or %
ve % cure < /5$ 7
any Event ?7$
-<
of Default. further '
Any 7%$
% or N$' '
loans % exten
ons
si
7 t "'$
of %$
credi must ng
in %$
be writi and %
agreed $ to < 0 !
by Rabo bank.
98!5
2040328vl / 880128\
17373 B++
/LD+,+:
EXHIBIT E)
'E'
85
I)
0<Walter,
Riley F$% Esq./'Q
4*$"%
September I8,
2017
#
Page 2
:
The 7 %
foregoing ' $$
$intended
is not
to be an exhaustive %$$ 7
N
'$5recitation %
$' %
$
rights
of the or
%"'
remedies of 0 !
7Rabo bank 0 !
and Rabo expressly %'%5'
bank N*%''< %
$'
rights
reserves all %"'
and remedie %
s unde >
$
Loan
r the
? "$'
Docume nts
.
%<$%<
Very < %'
truly yours,
/;04
ECC:RSC
;
cc: -5'
s &77%<
Avi #@4*
Gaff ery, VP/S
pecial -''$'27R%
Assets Officer 4 % 0 ! , 1
-
Senior, Rabobank N.A.
98I5
2040328vl /@ 1Z8
0137.3 B+T0
728
86
I
/LD+,+:
EXHIBIT 6
'F'
87
I
Triple Dairy
:%*V ?%<$500k 0>220
[)!RLOC 8
31
D7%'>
Heif 7Cre
ers Line of 89(H8
dit: 361429
%$; 03-
0/?+:
CRED -&0///1:
T I AGREEMENT
:
'5"
This agreement '$'
is dated as of ?"%10
December 8 lt is
, 2013. ;8$:0+#>/
between TR
PLE
I VDA
?-+0A
RY,
I
aCa
ifornia
l
7 %%
genera *"%'
7*
l partners
iph
BC, %% %^
("Borrower
) " and 0-,2,-1., N.A.
RABOBANK , anational
1
-
!
$ 'Kbank
ng i '' B%
association ("Lender
. ) "
, %% %
Borrower BQ'$'that >%
requests $
$Lender *% 5
prov
dei ali
ne of %Cto
Kcredit . r >%
, %% %E
Borrowe Lender wi
provide aline
ll *% 5 of credit, subject
$
4W$to
$ the
B
$%"'of
terms Kthis %""
$
'agreement.
-0:>/X
ART
CLE
I :D/
1- TH D/+6/04
E HEFERS
I >+1/
LI 26CRED
NE OF 0/?+:
T I
1.01
:
>
The Line
of Cred
%$
>%sha
t. i Lender ll extend
'
t i (tB"
N$cred
%$ he "Li]>
ne of 7Credit 7% "time
) " from
%E $"to
$ time
$"dur
ngi the period from
%$
*% % "
$
osing ?$
the Cl 'Date to
$ the ty i ?$
Matur
$%$<Date (such *R E
B'
period
, i+N$' '
ncluding extensions, if++<
any, the
"Availabi
ity l
C-5$< #% C
Period
) " by "!
<mak
ngi l '
oans to
$
, %% %B
Borrower '
loan
(each such a"Loan) "
+c
(cc%C on a %5 5
revolv
ng i basis.
''
1.02
N""
Maxim
mu -" $
Amoun
t. :
aggr
The 5**%"*
aegte unpaid princ
pali of
balance 7the > '"'$
$
Loans must not Nthe
$exceed $
l+''%7;
esser of: (i)
B2
))
$500
00
000., %
or (ii)
B/the Borrowing ,'
+
, %% Base.
8
1.03 , %% Base.
Borrowing ,'
(a)
B C, ,'C
"Borrowing "'
Base" me $
'"
na s the sum
of:
(i)
B )\
75% of - $'Re
Eligible Accounts
7/ 05G
ceivable
; "'
minus
(iB
i) Re
ated
l
0Payables "'
; mi
#<'; nus.
(iB
)i the " $ 7
$
amount <overdrafts
of any an
5%%'on < $of
y account , %% %wi
7Borrower >%
th Lend
$
er.
(b)
B 6 %*%* ''
For pu
rposes 7
of cal
cu
on
atli
$ of $
,
Kthe ,';
Borowing Base:
(i)
B counts 0
- $'
"Ac Rece
vable
i " "'accounts
means $'which
: (A)
'from
B-arise $% %the
$
providi
gn of
*% 5 7services
'%5'or
%the
$
sal
e
'
of '
goods by the %
<$
owner of
$the $
$
account, "*<$
which comply $debtor's
with account $ %'specifications
'* $ '(IB+7
f any)
5
<and have been
provided %
*% 5or del
ivered to,
5% hav
$
and
5
e be *$
en acc eptde < $
by, account debtor
$ %, (B)
B,arise
%'in
the
$
ordinary %'of
%%<course 7business, (C)
'''E B
%5<
are evidenced an "5
by %%to
invoiec rendered $
acco
ntu debtor $not
$ %dated $ear
ierl tha
%$ $
$
$
n the date of
7the
$
provis
oni
*% 5' of '";or
Kservices $
the $
$
date 7'
*""or
of shipment %del
very
i
5%< 7 , s '
'
of good as appli
ac ble
,
**
B?
5
(D) *<"$terms
have payment $%"'acceptable
*$to Lender, (E)
$ >% B/are
%not
$
5
evidence d <by
a $
$$
note, chattel paper**% % $
%ins
or other trument , B6
'$%"$
(F) ar% $
e not paya*< an
ble on insta tllm
ne
'$"$ basis
''
, (G)
B&are %val
d,i
5
< 7 %an
legally enforceable
d $
unco
tiona
idn l obli
gations of
$ ' $
7accou t n $ %
debor
t, an
d not subject to
$'W$ $ an y set
< off, cou
' $ m,ter
ni acl
$%" or
K
t, di
cre
%$
allowance or '"
%adjustmen t by $
<accoun t debtor
$ $
. or %to <claim
$ any E"by $deb
<account " ;
ort den <
ngyi liN<
ability ther eunder i+
$
%% n
whole or %+ *and
in part (H) BD
do $ 'out
not arise $of $%$
Ka
, by
contract which <i$'
ts term ,s forb
'
ds,
i res
7 %' ric
t st
%'$%$' or "!'voi
%makes 5 d or %
7 %
unenforceable $
the '""$
ass
gnment
i <, %% %
by Borrower to $ >%
Lender of "account
Kthe $; ;
(ii)
B "El^/
igible Acco - $'
nts
u 0C
Rece
vable
i " "'the
means $
net " $of
$amount , %% %'Accounts
7Borrower's - $'Receivab
,e l
05
N
excluding
all %$%'
returns, ' $'
discounts, credits offset
%$'and <na
s of any
77'' 7 ut re.
$%
'' $
%'
Unless %to
otherwise agreed $ by >%
<Lende
r in+writing
,
Eligible - $'
/Accounts 05
Receivab
e l not
do $includ - $'
e Acco
unt
s Re 05;
ceei: vabl (A)
B-with
$
respect
%'*$to
the
$ which $debtor
$
account
$ %is'an
"* <
employee %or $
agent 7
of Bo rower, BI
, %% %
(B) with
F$
res pect
%'*$ to
$ which the$
$
account debtor
$ %is
'a subsidiary of,
''$< 7
or
%af $
filiated with
7R$
, 5
Borrower or %its
'sh , s 7R%'
areholder
'
%
%' officer
, s or direorct,s
%% %'
(C)
Bwi
th respect
%'*$to
$ which 'are
goods %placed
*on consgnment
i ,
'"$
%$
guarant
ed
e sal
e, % $
%
' $"'by
or other terms %'
<rea os n of$which $
*<"$
the payment <by the $debtor
$
account "<be
$ %may condtiona
, i l
$ (D)
B?with
$
respect to
%'*$ which the $debtor
$
account $ %i' s $ resident 7
not a%'$ $
$
of the Unied
t States N*$t
, except
4$$'
o the "Ksuc
$
extent '
- $'
h Accou tsn
05
Receivable are$'** %$
supported by <insuranc
E'%E. e '
bonds, or %other ''%'satisfactory
$
%assurances ''7$ %<to
$ Lender, (E)
>%
respect
B/with %'*$to $ which
, %% %
Borrower is+' % "< "
or may become li
able $ to the $debtor
$
account $ %for 'or
7 %goods %%
'%5'rend
%services ered by <the $debtor
+
account $ %to$
, %% $
Borrower (F)
, B6 which are %sub ect
j
'$ to
$ dispute
'*$
, $%"
countercaim, l or setoff, (G)
%'$ 77
B&wi th respect
$
%'*$to $ wh
chi Lender
>%, in its sol
$' e
'
discretion
'%$ "'
, deem s the
$
creditworthiness
%$ %$
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%finan al
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i
$ of
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$
accoun t debtor
$ %to '$'7$ %<
be unsatisfactory
, (H)BDof
7any
<
$$ %
account debtor who
'has filed
R %
'
or has had filedR'$
again
*" in
t s it apetition !%*$<or
bankruptcy application
%an **$ forB %rel %any
ief under
%7 <
provi
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*% 5' of <stat
7any e %
'$$ or fedealr
7% !"*<
, y c inso
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l ,
' 5<
%debtor-in-relief
or $ D=%Kacts ; or
$'G
has
27who
appointed
'had ** $atrustee
$"'$,
custodian
'$
, %%5%
or receiver for +
''$'
B %the assets of '
acc
7such $
ount $ %
debtor; or
has
%who "an
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assignment for 7 %the
benefit
R$of
creditors
%$ %'or
' "
%has become ' 5$
insolvent or %fails
7'gen ylaler
< to
$ pay
*<its $'
$'debts (in cluding its
B $'payro
s)ll as
*<% ' '
debts
'such "due
$'become ,
(I) $
+'*$
B+ with respect to
which the
acco $
un
t " ;
deb ort i'
s the $
Unit
$
ed Sta4$$'
es
t 5%"$or
government 2+any *%$"$
<dep ratment or <of
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$
$
Tri $
ple VDa
?<
ryi '' 0>2
$500k 8
RLOC 2013
Credit -%"$
%K Agrem een
t
/LD+,+:'F'
EXHIBIT 6
88
II
St47'
aet s %or <
any '$
state or %local
gov 5%"$
ernmlnt
ea entity
$$<unl ''
ess Borr , %% %
owre
'
ha ''
s assign ed i+$' %
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ts right s to *<"$
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ount
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05
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719(9
40, as 'am"
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%$
or l law, regul onati % %Q%""
or requir t nm
e are
and % $ R
not finan ce ch
%'
arges on account
$'
s, (J)
Bwhi %$
ch relat e to R
$ finacn e %servic
or '%5
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excess costs, 5"
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progress , or 7% "retainage
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, %
retention
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= H5%<
cash-on
ivery de
l,- or '
sales,
%cash ''
(K) B.
ere \
%
wh or " %
20% % of
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an Accontu 057% "
Receivab
e l from asi'
ngl
e $
accou $ %
t n deb or
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5%due and (L)
B>wh
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are 8<'
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l$$%
atter of B$
K(i) of
the date 7+5
ince
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November 30 9(tB"
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C$%<
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09 :
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-0:+>/
ART
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I 2/1-1:4
2=- COVENAN
ST 0/&-0?+1&
REGARD
NG I THE >2-14
:D/LOANS
2.
01 Loan R'
> Req
ests
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/
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> Docume
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all
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com
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03 >$Fee. :
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$
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,
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-0:+>/
ART
CLE
I 3- 2>>-:/0->
8=COLLATERAL
:
paymen
The *<"$
t and *%7 %"
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mance
r of $
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7the Ob
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4%$< -%"$dated
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-0:+>/
ART
CLE
I 4- 21?+:214
9=COND
ONS
TI I
4.01
E $ ;
Cond
ons
it i of $
7the +" >
Initial Loan >%'
. Lend
s ' er obl
igation to
$ "!
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$
'
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all other Loan > ? "$'
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nt
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5.02 +7 %"$ -%$
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6-=BORROWER 2/1-1:4
VANTS
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$"'2$ '
5*+ 7 '
>%
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Unt
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$ > '
Loans:
6.01
2$
%
Ot her ?$
Debt. Bor , %% %
rowre shall hav
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5 $'$and
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not %r any<%$
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%contingent liabiles
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7 if not
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Kotheserwi prohibited %the
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liab
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and obliga
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-7R$'G (b) %"trade
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statement submitted to >%
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6.02
I
U
% Liens. , %% %
Otehr >'
Borrowre shall
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not
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suffer to
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tel or interests in
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$'*% *%$<
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B $ $
%'*%
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under the Loa ? "$';
n Docume ts
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B8Liesn in +fav or of
75 % >%
7Le nder or %an<
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-7R$'; (b) 5
Bif an indiv
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8
6.03 Sale 7)
of -''$'
, %% 5shall
Assets. Borrower '
not
Esell
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%transfer
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<busi
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n %
or asset, N*$the
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except 7
$
foll
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5 '
otherwise *%
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% out *% *<
proprty
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+ $
ordinary %' 7
%%<course '''E
of business
.
9
6.04 +5'$"$'
Investments . , %% %
Bor
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make Investments except the $
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$ the ent not
N$ $otherwise
$
%'
prohibited <
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the Loan Domcu ent
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B8Inv+5'"$'
estments made "prior
* %to
the
$
date "'
$of %"$
this agr e ment and disclos ed to
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and **% 5
roved by<
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Lender +
in writing
; (b)
%$; B+5'$"'
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in curent 4'+$';
Suari
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id; (c)
and +5'$"$'
B Investmen
ts in
+ cert
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i
%$R$' of
7depos '
, t i obliga
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6.05 > '
Loans to Oteh rs. , %
$ 2$
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Borrower sh
all not
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e '
$mak loans to
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hers except
$
%' he foll
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7 $
ext
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%$mad
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$
$ the date of
this %"
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'agreeme di' '
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apprvoed < Lender in wrignti
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on %be
7 %$
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cr
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, Subsid
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t
6.[
06 Books and %'
, !' , %% %'
Records. Borrower shall maintaih '
"$and
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*% *%book s
7" %
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5'
6.07 R "M
Report
ng i 05""
Requ
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i . , %%"%
Borrow
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'
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7%'
to
$ Lend
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>%;
(a)
B
no $% )<'
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25
later than days aft $
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, %% % ?<
invoice K
+5 a '""%<
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summary aging
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'requi
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B *% "*$<*
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5%'
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%other communicati
s no regard
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substantlia dispute $
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B+5 any Material -5%'
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% N5 7R
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6.08
I $
Ma
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i 7Assets. , %% %
of -''$'
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'
ma
nnta
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and *%'
preserve
all %
$'
rights, *%5'
privilgees, $$
intellec
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*% *%$<
rights
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6%
'', %% %
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now
'
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any %*%' renewa
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s
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6.09
( Existence
/N'$ and & Standing. ++If , %% %
Good 4$
Borrw
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%
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than
other $
, l , %% %
an 5
individua Borrwer
o shall *%'%5
'
preserv
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and "$
maintain its N'$
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the juri
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W' of +$' , no
its $ %"$
formati ifyl
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and %" qualified to $
$ conduct $'
its
business
''' in
each W%'$
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'
which such QR$
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i.
6.
10
Change in ,'''
Business % or 2%$
Orgnazi taional 4$%$%
Structure . , %% %
Borrower '
not
shall $ engage in <
any "$%
mateilra line $ of
'''
buness
si substnalatily
''$$< different 7% "
77%$ from those
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lines 7 of '''
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on $
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ind
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m % or $
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otherwise acqu
re i
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$
$4'%< executes
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7 all of the
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C of $'
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6.11
"*
Compli
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$
Penn its. , %
Laws: #%"$'
Borrw
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'
comply
in respecst F1
all %'*$'with
all -**
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iepll >'
Laws
and *<
pay
before Q<
7 % delinqu
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all $N' assess
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sem
and 5%"$
government
al charges "* '
%' imposed *
upon Borrow re % or $'
its *% *%$<
proprty
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/
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'
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shall and "$
maintian in 7
force
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all "% respcest ''%<
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6.12
+' '
Inson
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t , %% %
Borrowe r '
E any %'
at <
shall, $ reasonab
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$" and 7% "$"
from time $ to " permit >%
time, *%"$ Lender % or <
any
of $'
its
$'
agents % or represe ta
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ns
%*%'$$5' to N"
$ exa
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copies 7
of an abstracts 7% "
d '$%$' from $
records !'
the % %' and books K of,
and 5'$
visit $
*% *%$'
the prop
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7 Borrower and to
'''
discuss $
rs, i R'
the 77%'
affa finances,
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of , %% % with B7 , %
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or , %% %
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)
8
6.13 +'%
Insuranc
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(a)
B , %% $
Borrower '
shall "$
maintain, or '
% cause $ to
be "$
ma
nentadi, pub
ci l $<
* liability '%;
insurce
na; all %'!
property "
risk *% *%$< damage
insuar nce ?++44
'% pol
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r
5 tangible *% *<
$ property "*%'
comprgisin the Collaet ral
$
% for +
7 % the 7
full '%$R5
insur
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reqiured < law;
by G and '
such l a '%
addition insurce
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requ
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by >% from "
tm
i e $
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time.
(b)
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'
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'
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before $
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u '%
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force, >% may do ' at , %'
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*$ Ledn ,er , %"%
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'
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deman,d the '$
$
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ce
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,2002F/0
BORROWER -.12F>/?&/4ACKONWL EDGES :D-:
THAT +6 LENEDR 42
IF >/1?/0 SO #0D-4/4
PURC ASES
H -1A
ANY 0/U+0/?
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RED I +140-1/
INSURA CE
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ED >++:/? PROTECT
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AGAINST #DA4-> PHYS
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DAMAGE :2 TO :D/
THE 2>>-:/0->
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:D/>/44/0
THE LESSER 6 OF B(1) TH E UNPAID ,->-1/
:D/1#-+? BALAC NE 26 :D/2,>+&-:+214
OF THE OBLIGA, SNOTI /L>?+1&
EXCLUDI NG -1A ANY 1/-01/?
UNEARNED FIN 6+1-1/
AC
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CHARGES ,
20
OR B :D/
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VAUE
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COLATERAL ; D2F//0
HOWEVER , ,2002F/04
BORROWER S ' /U+:A
EQTYUI IN TH
+1 COLLATERAL -A
E 2>>-:/0->
:D/ MAY 12: NOT ,/ BE
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INSURED . IN -??+:+21
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ON,I INSURANCE -A
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PUBCLI >+-,+>+:A LIAB
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INDEMN
O
FICAT
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AND -AMAY 12:
NOT //:
MEET TH E 0/U+0//1:4
:D/ REQUIR EMENTS 26
OF ANY-1A6+1-1+->
FINANC
AL I 0/4#214+,+>+:A
RESPONSIB TYILI >-F4
LAWS.
V ?<
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·----·· ---·
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(d)
B For *%* '
6 %purpose e 5%
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author
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provide $ any #%'
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%"% Lender "'
all Information >% ,
$
%
deems **% *%$
appropriate whether %%$
regarding the $%
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, l $
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or $
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other R accommodations or ? "
, % both.
6.14
9 -%"
Arms' >$
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Length ?
Borrower '
shall $
not $%into <
enter $ any transaction of <
$%'$ 7 kind with <
any !$
family ""%
any 7"<member,
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fair
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Person $
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ly i ""%
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6.15
) '
Use $
> '
of the Loans. , %% %
Borrower '
not '
shall $ the > '
use $
Loans B8
(a) $ %
for *%'
personal
, 7"< or
'
family %household *%* ''
purposes , %
or B
(b) $
to
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'
purchase % carry $
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or $ invest other #%' '
in $
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for $
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of %%< n i 4$ !
Marg Stock %to %
or $ reduce %retire <
or %$E any
$''
indebdet ness incurred 7 %
%$ that *%* '
for $
$purpose.
6.16
/0+4-Plans. , %% %
ERISA #'
Borrower '
shall *% "*$<pay
promptly *<and '
cause
all 4'%'
Subsidia
iesr to *<
$ pay % '
contr
butions
i Q$
adequate
to %
meet
not ''
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the """
than
min
mum
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+standard under /0+4-
s % ERISA $
with %'*$to
respcet $ 5%<
each and Plan; "
every #;file
each annual %* %$%Q
report requir
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to
$ be fil
ed *%'$
R to /0+4-
purusant $ in $
ERISA conne
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each #
Plan $
for each year;
<%E notify >%
and $7< Lender
ten <'
within $days 7 +
following $
the
occurren
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$
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grounds 7 %terminati
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1974, ' amended 7% "from $"
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6.17
6' '$'
Legal Fees: Costs. , %% %
Borrow re '
shall *<
pay the following:
$
7 ; (a) '$'
B expenses
costs, N*'' Legal 6'
and > Fees *
pa
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or %%
incur
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$
<""$'
" R$ ' %5%' 7$
*% 5' 'K$
> ? "$'GB '$'
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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
Legal 6'
> Fees * %
padi or %% in "
incurred connection $
with $
the $
collection % or %"
enforc ment
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of $
7 Loan ? "$'
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$
%
whether %or $
not '$
suit '
is RG
filed;
(c) ''
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coss,t N*'' Legal 6'
and > Fees *
paid %
or +%%
incurrde in $
connec
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any +' 5< involving
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sum ' as the %$"<
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to 7 5 paymnte 7 of $
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Notes or < part thereo;f
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(e) '$' expe
se
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and > Fees +%%
incurrde $ to *% $$
protect $
liens
the ' and '%$< interests %
security +$%'$' under $
the
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$% ? "$'
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se
6.18
I 2$
% Acts. *
Other -$'
t s <
Upon %Q'$
reque Lender, , %"%
by >% shall *%$
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Lendre 7 % the *$* ''
for $
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and
perform
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perfect @ % monitor <
and/or " $ % any > granted %
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under $
'agreement
X
%$
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or the $% Documents
. %
or $
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carry $$
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intent 7
of $
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the > Docum
.st ne
-0:+>/ OF DEFAULT -1?
EVENTS 26?/6->:
ARTICLE 7d· //1:4 AND 0//?+/4
REMED
ES I
7 .01
/5$'
Events 7Default. :
of ?$
The 7
foll
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the > Document
s not "
is $
' $
made within 1 O <'
days 7$%
after $
date
the $when ;
due;
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$
Financial +7 %"$ %
Informat
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any %*%'$$
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io
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% %%$<in $
rranty Loan ? "$'
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enst is "$%<+ %%$ %
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"'when "
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provided
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all taxes
$N'of , %% %
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r e % assesse d
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*% %$
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ary
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9
96
(
% ""
are by <
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"$
upon < such Judgment, % (B) $
%
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7 '
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> Documents $
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ART
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I 8 =· 12:+/4
I NOTICES
All %Q'$'
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ART
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I (- &/1/0->
9 =GENERAL ?/6+1+A+214
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FIN
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9.01
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THIS -&0///1: OR AN Y 2:D/0
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TYRUI 620 THE 24:4
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or all Loan
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any $
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10.14 1
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1015
.
) +1?/1+6+-:+21
INCAT
DEMN
ONFI .I I ,2002F/0
BORROWER 4D->> SHALL ?/6/1? DEFEND,+1?/1+6AINDEM IFY
N -1?
AND D2>? HOLD >/1?/0
LENEDR AN -1?D +:4ITS
266+/04
OFFCERS
I , ?+0/:204
DIRECTORS , /#>2A//4
EMPLOYEES, #-0:1/04
PARTN ERS, -&/1:4
AGENTS, -::201/A4 ATTORNE YS -1? AFFILIA TES (THE C+1?/1+6+/?
AND -66+>+-:/4B:D/ "INDEMN
FIED I
) " D-0>/44
#/04214C
PERSONS HARMLESS -&-+14: AGAINST -1A ANY AND-1?->> LOSSES 26
ALL >244/4 OF ANY KIND 20
-1A.+1? NA TURE FD-:42//0
OR 1-:0/ WHATSOE ERV THAT -A
:D-: MAY ,/ BE
+#?4/?
IMPOSED 21E ON, +100/?
INCURRED ,A
BY, 0
OR -44/0:/?
ASSERTED -&-+14: AGA
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INDEMN
FIEDI #/0421
PERSON -0+4+1&
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NG
SII 2:
OUT 26 OF,+1 ANY F-A
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211/:/?
CONNECTED F+:D WITH 20 OR -4 AS -
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RESULT 26; (I) :D/
OF: B8 THE /L/:+21
EXECUT
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>2-1 DOCUME TN 20
OR -1A AGREEMENT 20
ANY -&0///1: INSTRUMENT 21:/#>-:/?
OR +14:0/1: CONTEMPL DTE
A HEREBY 20
D/0/,A OR :D/0/,A
THEREBY , :D/
THE
#/0620-1/
PERFORMANCE ,A BY :D/ PARTIES D/0/:2
THE #-0:+/4 HERETO 20 OR :D/0/:2
THERETO 26 OF THE R I 0/4#/:+/
:D/+0 RESPECT EIV 2,>+&-:+214
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CONSUMMATION 26 OF :D/ THE :0-14-:+214
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CONTEMPLATE HEREBY 20
D D/0/,A OR :D/0/,A;
THEREBY ; B+K :D/
(11) THE
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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
,A BORRO WER :2 TO ,2002F
BORRO W TH :D/-21:
E AMOUNT 4#/+6+/? SPECIF
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A >2-1 REQUEST B+1>?+1& (INCLUDING -1A LURE 0/4>:+1&
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FAI RESULTING 602 FROM :D/ THE 6-+>0/
FA
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INCLDING
U -1A
ANY >244 LOSS 26 ANTICIPATED #026+:4
OF -1:++#-:/? PROFSIT -1? AND >244/4
LOSSES ,A BY 0/-421
REASON 26 OF TH :D/
E
ATION 20
>+U+?-:+21
LIQUID OR 0//#>2A/1:
REEMPLOYMENT 26 OF ?/#24+:4
DEPOSI ST 20 OTHER 61?4
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INEDDEMN
FI I PERSON'S -:4
#/0421M4 ACTS 20 OR 2+44+214
OMISS ONSI FD+D
WH
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0/4>: FROM 21+-:+214
COMMUNICAT
ONS I GIVEN 20
&+/1 OR
#0620:/?
PURORTED
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BE &+/1; BY ,2002F/0
BORROWER 20 OR -1A
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DES
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UNAUTHORIZED #/04214
PERSONS (V) :D/
; B VIOLATION ,A
THE +2>-:+21 BY ,2002F/0
BORROWER 26 OF
-1AAPP
ANY -##-,>/
CABLE
LI >-F
INCLUDING -1A
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ENVIRONMENTAL >-FG LAW; BK(VI) :D/ RELIANCE ,A
THE 0/>+-1/ LENDER 21
BY >/1?/0 ON /-D
EACH 12:+/ NOTICE
#0#20:/?>A
PURPORTEDLY &+/1 GIVEN BY ,A20
OR 21 BEHALF 26
ON ,/D->6 OF ,2002F/0
BORROWER ; B++(VII) -1A
ANY ,0/-D
BREAC H IBY ,2002F/0
BORROWER 26 OF -1A
ANY 26 OF +:4ITS
0/#0/4/1:-:+214
REPRE EN
ATIONS
TS , F-00-1:?/4
WARRANTIES , 2/1-1:420
COVENANT AGREEMENTS 1?/0
S OR -&0///1:4 UNDER -1 ANY >2-1
LOAN ?2/1:
DOCUMEN INCLUDING -1A
T. +1>?+1& ANY
?/6->:
DEFAUL T 20 OR //1:
EVENT 26 OF ?/6->:G
DEFAULT ; 20 ) I -1A
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LIGAT
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+1/4:+&-:+21 OR #02//?+1&
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ANY 26 OF :D/THE 620/&2+1&
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NOT ANY -1A+1?/1+6+/?
INDEMN
EDIF I #/0421
PERSON +4 A #-0:A
IS - THERETO, 20
PARTY :D/0/:2
OR -44/0:/?
ASSERTED
AGAINST -1A
-&-?14: ANY +1?/1+6+/?
INDEMN
ED
FI I #/0421
PERSON -4 AS A -0/4>:
RESULT OF 26>/1?/0
LENDER ,/+1& BE
NGI #-0:A
PARTY TO :2:D+4 AGREEMENT 20
THIS -&0///1: OR :D/
THE
TRANSACTIONS 214-:/?
:0-14-:+214 CONSUMMATED #04-1: PURSUANT :2 TO :D+4
TH -&0///1:G
S I AGREEMENT ; /L/#:
EXCEPT TH AT ,2002F/0
:D-: BORROWER 4D->> SHALL D-/ HAVE 12 NO
OBLIGATION :2
2,>+&-:+21 TO -1+1?/6+/?
AN INDEMNIF ED I PERSON 1?/0
#/0421 UNDER THIS SECTION WITH 0/4#/:
:D+44/:+21F+:D RESPECT :2 TO >244/4 RESULTING 602
LOSSES 0/4>:+1& FROM
THE &0244
:D/ GROSS 1/&>+&/1/NEGLIGENCE 20 WILLFUL +421?:
OR F+>>6> MISCONDUCT 26 OF :D-: THAT +1?/1+6+/?
INDEMN
FIEDI #/0421
PERSON -4 AS ?/:/0+1/?
DETERM EDIN ,A:D/
BY THE
FINAL ?&/1:
6+1-> JUDGMENT 26- OF A COURT 20:26 OF 2#/:/1:
COMPETENT 0+4?+:+21 JURISD
CTION I. IF -1?
+6 AND :2 TO :D/ EXTENT :D-:
THE /L:/1: THAT -1A
ANY +1?/1+:A
INDEMNTY I
1?/0
UNDER :D/ THE >2-1 LOAN ?2/1:4
DOCUMENTS +1 IN 6-20
FAVOR 26 INDEMNIFIED #-0:+/4
OF +1?/1+6+/? PART
ESI IS 1/1620/-,>/
+4 UNENFORCEABLE 620 ANY 0/-421
FOR -1A REASON ,
,2002F/0
BORROWER 4D->> SHALL :2 TO -./MAKE :D/THE -L+
MAXIMUM 21:0+,:+21
CONTRIBUT
ON I :2 THE #-A/1:
TO :D/ PAYMENT -1? AND 4-:+46-:+21
SATISFACT
ON I :D/0/26
THEREOF
:*
Tri
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V ?<
Da $500k RLOC 01F8
201
3
%$-%""
Credit Ag
reentm
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16
103
8
FD+D PERMISSIBLE 1?/0
IS #/0+44+,>/
WHICH +4 UNDER -##>+-,>/ >-F
->>
APPLICABLE LAW. INDEMNITIES 1?/0
ALL +1?/1+:+/4UNDER :D/>2-1?2/1:4
THE LOAN 6-20OF
+1FAVOR
DOCUMENTS IN 26
+1?/1+6+/?
INDEMNIF
ED I PARTIES 4D->>
#-0:+/4 SHA
LL 40+/
SURVIVE :D/TERMINATION 26
THE :/0+1-:+21 -&0///1:E
:D+4AGREEMENT
OF THIS .
10
16. F-+/0
WAIVER 26 AL ,A
OF :0+->
TRI JURY. :D/
BY 0A
THE #-0:+/4
PARTIES (A 2/1-1:-1?
) COVENANT
B- AND -&0//
AGREE 12: :2/>/:
NOT TO ELECT A-TRIAL
:0+->,A
BY
0 IN -1A
JURY +1 ACTION 20
ANY -:+21 #02//?+1&
OR PROCEED
NG I 620:D/RESOLUT
FOR THE 0/42>:+21
ON I 26-1A
OF ANY ?+4#:/
DISPUTE 21:02/04AOR
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>-+THAT
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-0+4/4 OUT 26OF 20
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:2;B+ -&0///1:;0
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(li) ANY >2-1DOCUMENT,
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ACTION,#02//?+1& 21:/0>-+
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OUT 26 0/>-:+1&TO
OR RELATING :2
-1A LOAN ?2/1:
ANY >2-1 DOCUMENT :2
TO :D/ /L:/1:4D
THE EXTENT SUCH 0+&D: /L+4:4
RIGHT EXSTS
I 12F20
NOW +1:D/
OR IN 6:0/
:D/
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THE PROVIS
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4/:+21
SECT
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EACH PARTY KNOWINGLY AND -1?VOLUNTARILY
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MATERIAL
INDUCEMENT FOR :D/
+1?//1:620 >/1?/0/1:/0+1&
THE LENDER INTO :D/
ENTERING +1:2 >2-1?2/1:4-
THE LOAN DOCUMENTS .
10
17. ,->>221
BALLOON #-A/1:
PAYMENT. :D+4 -&0///1:#02+?/4
THIS AGREEMENT 620-,->>221
PROVIDES FOR . ,2002F/0
A BALLOON #-A/1:
PAYMENT BORROWER
-.12F>/?&/4:D-:
ACKNOWLEDGES THAT >/1?/0HAS 12:
LENDER D-4 -&0//?:2
NOT AGREED TO 0/6+1-1/
REF
NANCE
I :D-:
THAT #-A/1:
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I
10
18. 4- Patriot -$
USA #$% $ Notice. 6%
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requires all financial inst
tution
i s
'$$$ ' to
obt
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$
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5%7< % %7 %"$
and reco rd information
that identifies
$
$$R' person
each *%' $'
who obtansi loan. >%
a
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7 %$
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R%'$%$
4+&1-:0/21
[SIGNATURE THE 62>>2F+1&
ON :D/ #-&/V
FOLLOWING PAGE]
BORROWER
+*
Trip $500k 0>2
e l VDairy [)!RLOC 8
2013
$ -$"$
Cret di Agr
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17
104
9
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TR
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California %
gene partnership
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Address 7 %notices
:
II8
18183 I Drive
Z
By: C?:;;¿
Tulare, -
:%
CA (89
93274
/?F-0?
EDWARD ->-?-2
VALADAO
Attention: David
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General #%
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Alternate address by 4
notice <
for $ U.S. ;
Mail:
aa
(8(
17293 1/2 -5
9 Avenue
, -
D$ %
Hanford CA (88
93230
David
Bywa1~21
-$$$ ;
Atte
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WilvALADAO
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By ~( L«. u~dcuJ
MARY J ~ALADAO
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Address 7 %not
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RABOBANK,-
N.A.
9) River #%!
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45 /
Place F'$
Park # Suite 9
West, 4$ 401
Fresno, -
6%'
(8
CA 93720
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Line of Crt:edi 89(=8
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LINE OF 0/?+:
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T I NOTE
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December , 8
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FOR VALUE 0//+/?
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7RABOBANK
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108
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EXHIBIT 'H'
109
(
:%*Dairy
Triple V -""$RLOC
?%<Amendment 0>22014
9
Heifers >K
D%'Line of %$; 89(=8
Credit: 361429-03
6+04:-/1?/1::2
FIRST AMENDMENT 2-1?2
TO LOAN /1:4
DOCUMENTS
This is the
:
'' R%'Z-""$
first Amendment to $ $
Loan ? "$'
the > 5the
Documents evidencing 5%7%
$
above "'R (hereinafter
referenced transaction B
%7$%the
$
]-""C
"Amendment") . ++ is $
lt ' dated ' of 4*$"%
as 7 Septm
ereb 17, 9
2014. +$ is $
lt ' :0+#>/V
betwen TRIPLE ?-+0A
DAIRY, a " %
California gen *%'
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r ) " and 0-,2,-1.
RABOBANK , 1E-E
N.A $ !
, . anational bankng
i association B]>%]
'' $ . , %
("Lender'') r e
Borrow and Lender %
>% agree '
as 7 ';
follows:
Borrower
, %% % Lender
5
and >%have $%
enterde +$ t i -%"$
into a%$
Cred dated ?"%
Agreement $December 10, 8
2013, (said %"$is
B'agreement 'hereinafter
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the %$Agreem
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"e :
Credit -%"$
The %$Agreement
and
all $
%%"$'
s and '"$'
other agreement instruments %Q$<>%
required by Lender for
7 %
*%* ''
purposes of evidencing %
75 or ' the >
securing $
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are
%
herein %7%% $ '
referred to C> ? "$'
as "Loan Docum. nts
e" /
capitali
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z
*term '
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t ' defined in the
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% ? "$'
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not defined this -""$
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nte $
"
have the mean
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' Amendment will
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Drafting Conventions
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Except 'modified <
by $
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this Amendment ,
each of Kthe >
$
Loan
? "$'
Docum nts
e shall %"
'
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r term
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$ Credit -%"$
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7 ;
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03 ,
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Dairy Amendme nt 0>C
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K;2014
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6' -""K
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Loan Docu
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EXHI D
BIT 'H'
110
(iv)
B5 0$
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, B? have *<"$
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Tri V $< Amendm
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First -""
% Amendmen
t Loan ? "%"
to> Docum
ntse
111
- --------- -- - ·- -----
· -----------
- ---
----
- -
(iv)
B5 "Eligib
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C/W 6+5$ "C
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Inventory means %
gra silage
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feed, fee
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of >%G
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(C) $
not 'W to <
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not '*
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initial >
the $ will
Loan be %"
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r ined by the
, %%
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,'
Base %$R$
Certificate %5
received <by >% in %
Lender accordance $
with 4$
Section 9EB
4.01(d). :
The , %%
Borrow
gn i ,'
Base for+ %*%* ''
purposes
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of ''Q$ will $%"
Loans by , %% %
be determined < subject
5%
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, $ adjustments < by >%
Lender ''$$
consi
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this %"$
with $
' Each >
agreement. /
Loan 0Q'$ for a>
Request $ % Loan
wi be "
l l deemed a %*%'$$
representatino by , %% %
<Borrow
re to >%
$ Lender
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$
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of $
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after $
request
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will $ $
"N""
exceed the maximu
m
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amount 7
of $
the >
Line 7Credit %
of %$under 4$
Seciton
O
1.02. 1 $$
'$
Notwithstanding $
the *% 5' '
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s 7
of thi ''
s sec
$
' onti to $
$ the
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contrary, >%may '
as
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eit condi $ any >
to < re i , %$
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re to 5%to >%
deliver $ Lender
a %%$
current
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, %% Base %$R$
Cert
ficatie.
ii.i
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oni
4$
7
1.07 of $
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the B;((] shall
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replaced
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superseded $
with
$
the foll
owing:
7 ;
1.07 0%
Required #<"$'G$%
¡ s Maturity ?$
Payment Date.
(a)
B , %% %
Borrower '
pay "
shall *< r t
accrued $%'$
intees on $
the >
Line 7
of %$on "%
Credit Ocobe 5, 9
t r ) and
2014 on $
the
fifth <
of
" $
day 7 each month 7$%
after the Closing ?
$
' Date $
to $
the $%$<
Maturity ?$
Date.
(b)
B :
The *
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d ia *%N*
principal
baan
l ce 7
of, unpaid %
all * accrued $%'$
inter st
on, all "
%
and other
'
chagr es
%this %"$
under $
'ager ement wi th %'*$
respect $ to $
the >
Line 7
of %$ shall
Credit. '
paid -'
be * on August 31, )
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,--------------
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119
(
B.
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Borrower $
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Execution Conu terparts
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121
7.
obligations %
under this
Condit
$
'Amendm
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and until the
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all hav e no obligat
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, %% % '
. Borrower $
5
does not <(a)
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E(8(85
1939 73730
28 1
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Dairy
D"-""
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> Docunt
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I
:
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129
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LENDER
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RABOBANK N.A.
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130
8
/LD+,+:'I'
EXHIBIT
131
8
0 !
Rabobank, 1
-
N.A.
""%
Commercial >
Loan -"'$%$
Admi ni strati on 4%5'
Services
27R
Office %'' [$
3443 Sourh <
address 8998 Mooney ,5
Blvd
Visalia, B-
"
CA (8
93277
address 899
Mailing 5''
South <
3443 4 $
Mooney ,5
Blvd
'
-
Visalia, CA (8
932 77
Telephone ))(=)I)=88(8
:*
559-585-3393
-'$26,)
August 201
5
:%*
?%<
Triple V Dairy, California general *%$%'
*
a 7 %%partnership
6305 -5
8) Ave
176
:%
Tulare,
Ca (89
93274
0; 01-
Re: RNA > 1"%361429-
Loan Number 89(=8
3
?%<Herd/
Dairy 6>
D%@Feed Line 7 t [)
of %$
Credi
$500,000.0
0
Extension of :%"'
/N$' 7 of >
Tenns 7Loan
?%
Dear , %% %
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' will R%"
This confirm $
$
that Rabobank, N.A. BC,!C
0 ! 1
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the 7 $%"' and $ ';
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:
1. 2%>
The Original Loan ? "$'
Documents Will F0"
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in Effect. original
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document s for this >
7 %$
' that %
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$ executed
were N$ about ?"%
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on % December 10, 8
2013 B'
(as
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this $$%
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2. Maturity Date. :
$%$<?$
date
maturity $
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N$
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8 to 4*E"%
2015 $
30, )
September 8 :
'"'
2015. This all " $'
means amounts $'$ %$
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>
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will due and e
*<
payabl on 4*$"%
September 830, )
2015.
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Remain 66 %
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other $%"'
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:
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this Loan a ""$"$
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you % any %$
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any 7$% financi
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available $ it '
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the %$ this N$' "
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B
(11/1
1)
/LD+,+:I
EXHIBIT + 132
8
0 !
Rabobank
Page @
# 2/2
6.
/N$' 6
:
%
Extension Fee. There is'[
7for
a $0.00 fee $
'N$'
7 %this '
$
$is
extension that * execut
due upon N$
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7
of this letter.
$
'$$%
cc:
K
133
88
0 !
Rabobank, N.A.
1
-
""%
Commercia l >
Loan -"'$%$ 4%5'
Administration Services
0 !
Rabobank
45 /River
9)E. #%!Pl
05%Park 6 % F'$
ace West
4$9
Suite401
-93720
6%' CA
Fresno, (8
(9=
BI942-6222
(800)
-'$
August26,2016
:%*
Triple V ?%<
Dairy
-$$$ ;?5
Attention:
David Valadao
(8(
17293 1/2 -5
9 @Avenue
Hanford,-
D7 % (88
CA 93230
0;
Re: > Number
Loan 361429-03- HHeifers
1"%89(H8 D%'Line of Credit
> 7%$
/N$' 7
Extension :%"'
of Terms
C
&$"
Gentlemen,
-'
As < %%
you are aware, the
$
current maturity
%%$"$%$< 7the
date of 5referenced
$
above loan (the
+7% D7
B$
·He
fers
i );of
Line (K
(KCred -'$
t'îi $Cis+;Augstu 31, (the
8 2016 B$
"Maturity Date'
, ) on i $
whch **
date all principa
, l interest all
$%'$and other " $owing
%amounts %the
under $
Heifers >of
D7%'Line 7Credit
%$are and
$due
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payable. All capttalized $%"'
terms not Rherein
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'
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7%$
:
'$$%
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$
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Rabobank,N.A. ("Lender")
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-
'agreed
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Heifers
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%$on $
following
7 terms
$%"'and
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i
$ ';
1.
Maturity Date. The :
"$%$< $of
maturity date $
Heifers
7the >of
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%$shall
'
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N$from
7% "August
-'$31,
8
2016 4*$"%
to September
30, B$
8 2016 1$<
(the 'New Maturity Date") . Subject
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$
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$
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, Lender "<cont
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%$Loans %the$
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$ time %
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$
date 7this
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'
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% the 1
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New Maturity 6% "and
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From after $
$
7$%the date of
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> Documents Will 0"
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'
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7 force and effect.
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$$<with <future 7in
7$%financing +any " $beyond
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0'%5$ of
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>%
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Though Lender is %to
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maturity
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7 %$
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'*R< reserves
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%
$'and %"'available
5to '
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$ it$ should D7%'Line of Credit
> 7 N*an
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5$of
7default
7$
134
89
#
Page of
2 7 2
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135
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0 ! N.A.
Rabobank, 1
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Rabobank
45 /River
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Fresno, CA (8
(9=
BI942-6222
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?<
- ;
Attention
: David
?5Valadao
17293 (
(8 @-5
91/2 Avenue
Hanford, -
D7 %
CA (88
93230
0;
Re: Loan 89(=8-=Heifers
1"%361429-3
> Number of
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Credit
/N$'
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of Terms
&$"
,
Gentlemen
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B$
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136
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7$that exists,
$
$now R'$' or
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< %relationship "% Michael
%$ '
*manager, >"'
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$
any Q'$ '
.
4
~
%<1
Mary Nance
>
Loan ? "$$ %
Documentation Manager
137
8
0 ! 1
-
Rabobank, N.A.
""%> -"'$%$
Commercial Loan Administration 4%5'
Services
0 !
45 0 Park
/River
9)£ #%!Place F'$
#$KWest
4$9K
Suite401
Fresno, -93720
6%' CA (8
(9=
BI942-6222
(800)
1 5"%
November )
25, 2016
:%*
Triple V ?%<
Dairy
Attention: ?5
-$$$ ;
David Valadao
(8
17293 (
9 + -5
1/2 Avenue
Hanford, -
D
% CA (88
93230
0;
Re: Loan 89(=8=Heifers
1"%361429-3-
> Number D%'Line
>of $
7Credit
/N$' of
Extension :%"'
7Terms
&"
GenHemen,
-'<
As you % %
the
are aware, "$"$%$<
$
current maturity $
date 7
of the 5referenced
$
above +'7$loan
(the
B$
"Heifers of
CD7%'Line 7Credit")
%$^is 1 5"%30
+' November (the
8, 2016 B$
$
"Maturity Date') ,
?$
on
$
which date
all principal
, interest
*%* all
$%'Eand other " $'owing
$
%amounts %$
under the Heifers
D7%'Line
>of %
Credit are
%$
due and
payable. All
*<
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*$terms R
%
$defined herein shall
5the
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have "'set
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in
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Heifers Line of %$
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You or
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a ?'$Person identified
$Rin
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5
have requested extension
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7the $%$<Date
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$Rabobank, 1
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s Line
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t i on
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following
7 terms
$%"'and
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$ ';
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$%
Maturity Date. :
"$%$<
?$
The $of
maturity date $
Heifers
7the Line of
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7%$ '
beextended
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7% "November to
8 2016 $
?"%
December 31, 8 2016 B$
]1
{the $<?$C
"New Maturity Date
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Subject tothe $%"'of
$
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$
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Lender
>%may "Rto
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make D7%'
Heifers >
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Credit Loans under "Heifers
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$ time %the
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this $$%
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$ $
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6% "
. From and after $
7$%the date of
7this
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]$%$<Date "Loan
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$%$<Date .
2.
> ?
Loan " Will 0"
Documents Remain in
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'$
The > Documents
:
Loan ? "$'shall %"in
'
remain full
force effect
7 %and 77$except as
N*$'
" R
modified by
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4
Should <
any conflict
$ arise
%'$
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$$%
d
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the >
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Documents , then
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3.
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2$
% :%"'0"
Other Tenns Remain i n Full
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6 %and Effect
. All
-other
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$'and 'set
ditions as
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7 %$
in
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$
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> Documents
shall "
'
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7 %and 77$
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No Commitment as ;to
8(Future 6
:
'
7$%Financing. %"$to
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$ extend $
maturity
"$%$<date the
$on Heifers Line
$
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7Credit
%$is
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not a ""$"$
$commitment to *% 5you
$ provide <related
%any
< or entity with
%$$$< <future
any Rin
7$%financing + any " $beyond
<amount < the 1Matur
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$%$<
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'$7 %$
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$
'letter
.
+%
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>%
ts. Though Lender is %to
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$
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$ the $
maturity
of the "$%$<date 'set
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here >%
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%
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$
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ould the
>of
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%$experience 5"of
event 7
138
8I
#2of
Page 7
2
7$%$
default after the %$
granting 7 $
'N$'
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. Accordingly , this
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not '$$$ 5%of <right
7any %
$or %"<
%remedy
that "<in
$
$may $
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$ Lender or 7 <7
of any default or 5$of
%event 7default N'$'
that now
7$$
$ exists, or
%that %'
$
$occurs
% the $
after $
date $of $
'
this letter
.
$$%
Finally, we
6<
would +!$ $
!
like to thank <
you for . F
your '''
7 %< %business We will $to
continue $ *% 5< with
provide you $
'$
$
the highest level '$ "%service
of customer
5 7 '%5
for < %
7 %your 7$%
futur , '
ndeavors
5 %' please !*
so *'keep '
us
in mind
'%
"when considering your 7$%'''
< %future '
business needs.
%<1
Mary Nance
> ? "$$ %
Loan Documentation Manager
139
8(
/LD+,+:'J'
EXHIBIT
140
9
!
,!%Manock
Baker
/%'
G
&Jensen l'e
%""5'
ATTORN YS
E AT >-FH
-: I.AW
4*$"%
September I
8, 2017
---------/%C.
Eric
-"<at
Attorney
Cole
bcom anoc
>
$Law
R
!%"!N"
ecol
e@akcrm . k
Fi6&%
g Garde n Financial "%
#Center
6 %$
Floor
Fourth 6 %
0<F$%
Riley Walter , Esq.
/'Q
6"' "
Fresno, California ]8=
93 704
er
F%
Walt F
"
and Wilhe >Group
lm Law &% *
)
205 /
E. River #%!%
05%Park Suite 9
Circle, 4$41 O ]C
Tel ^(C^E)9
: 559.432.54
00
0G
Re: :%*
Triple ?%< a
V Dairy, California %
7 % general
*%$%'
*
partnhip
ser B], %% %^
("Borrower ) "
?%<D%@6
Dairy Herd/ Fee d Line>%
of Credit B> 1
89(=
(Loan No. 361429-01)
D7%' >of
Heifers Line %$B>
ECredit 1
89(=8
(Loan No. 361429-03)
?%Mr.
Dear %
Walt
F$%;
er:
-'you !
As < represent
know,we 0 ! ,N.A.
%*%'$Rabobank B]0
!^
1
-
("Rabobank :
5
. ) " The above
%7%
referenced ' "$%
loans will mature on 4*$"%8
September *%'$
30,2017 pursuant $ $
$
to that certain Fourth -""$
6 %$
Amendment
to > Docum
Loan ? "$'
ents $
dated '
as of 6"%<
7February 1$ O, 2017 B>
(Loan 1
36142
No. 89(X
01)
9- that
and :
%
%$Third
$
$certain
-""$$
Amendment to Loan ? "$'
> Documen $
tsdat ' %%<
ed as of February 10, B>
2017 1 c361429-03)
(Loan No. 89(H8
.
-'
As *%5 '<
we previous
y l 7 %"
informed you,< 0 !
Rabobank ' is $ to
not willing N$the
7%$
%extend
$ further $
"$%$<$'
maturity $
'
dates on those 'E #'be
Joans. Please 5' 0 !has
$
$Rabobank
advised that obligation
'no $ to 7 %%
$ forbear
7% "7 %
from enforcin g $' remedie
%
$'and
its rights %"' $
respect
s with %'*$to
$ any ?7$ %
<Default or Event 7
/5$of Default .
0 !
Rabo
' $
bank has 5
not waived ,
and is
' $
not 5
wai
ving <
any /5$'
Events 7
of ?7$
Default. 1 $
Nothing $
contain ed in
this
$
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>$$%'
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is intend $ %
ed to '
'$%
or shall be constru ed 'as 5% release
a waiver, %'
" R$ or
, modification 7 %%
%forbearanc e of 7
any 7$
< of the rights, remedies,
%
$'
%"' * %'of
and powers 0 !
7Rab , %% %
'$Borrow
o bank against %the
er or $
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eral, or
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any Defaults /5$'of
or Events ?7$'
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%
7Defaults, wheth er '*R
%or
specified herein % $
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otherwise.
0!
%<
Rabobank hereby further notifies <
7%$
% NR' you that 0 !is
8 Rabobank 'under obl
%no $
igation to"
fund any >
7< Loan % $
%'
or other se
wi N$
extend %$ %$
credit under the Credit -%"$
%$Agreeme nt or %any
%under <other >
$
%Loan
? "$'
Docum ent s 7$% <
after and, or
any loan % $
%
other exte nsion 7
N$' of %$
credit that
%R%may
$
hereafter "<be
" 5
made available
, %% %
to Borrow
$ er B
(which 'is $
not d'%%<
currey nlt $"*$
contemplated % %deliberat
or under %$
ion) '
in
shall be 0 !E'
Raboba nk's
sole
' and ' $
absolute '%$
discretion $ 7%$
% $
until further
notice, and any $ >
<additional Loan or other extension of
% $
% N$' 7
%$ <0
!
credit by Rabo bank shall "
'
be made, if at
E$ all, 'X<='
on acase-by-cas ''
e basis %no
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under
and shall
%"'$'
circumatsnces "
be deemed $ 5or
to waive cure <
%% /5$ 7
any Event -<furthe
?7$
Any
of Default. 7%$
% 'or
r loans %N$' '
extensions
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of %$ must bein %$
writ %
ing and agreed to <
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Rabo bank.
9;5
204
0328
vl /88I
I 7373 0128
/LD+,+:
EXHIBIT J 141
9
0<F$%
Riley Walter, /'Q
Esq.
4*$"%I8, 2017
September
#
Page
2
:
7 % '
The foregoing is $
not $ to
intended $ N
'$5
be an 7$
%$$ of
exhaustive recitation the rights %
%
$'or
remedies 7
%"' of 0 ! and 0 !
Rabo bank N*%''<
Rabo bank expre yss
l %'%5'all
reserves %
$'
rights %"'
and remedie %the
s under >
$
Loan
? "$'
Document. s
%<truly
Very $%<< %'
yours,
& B
3(7,
/%
Eric
G-{¡
C. Cole
,-./0 -12.
BAKER MANO CK 3
& JENSEN, #
/14/1 PC
/04
ECC:RSC
cc:
; -5'&77%<
Avis #@4*
Gaffery, VP/S
peci
al -''$'27R%
Assets Senior ,0 !
Officer 4 % 1
-
Rabobank, N.A.
98I]
2040328vl /@ 8I
1728
373.
01
142
9
/LD+,+:
EXHIBIT .
'K'
143
98
~- --------------- ------------ - ---
Triple
:%* Dairy [
V ?%< 5mm)""RLOC
$2. 0>2
2012 D%@6
Herd
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F/d
Dairy D%@6
?%<Herd/Feed >
Line Creidt: 89(=
of %$; 36142
01-9
SECURITY -&0///1:
4/0+:AAGRE
NT
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EE
This %"$
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and RABOBA
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investment property,
$$
*% *%$<
pap, re
chattel **%
and '$%"$'G
instrument
s;
(b)
B all invenort;y
5$ %<;
(e)
B all Q*"$G
equipm
nt;e
(d)
B all 7%"
C farm *% $'
produ
stc, including % *'
grow, n %
crosp $
growing % to
or $ be %
livestock %
grown, 5'$ ! or %E
born % supplies '
unborn, '**' used K
or
*%
produced in &%$ %'
Gra
sn' otr $
farm
ngi *$
opeartion,
and *% $'
prodcts
u $ crops
of % *' and 5'$ !
livestock $
%"$%
in their unmanufactured '$$G
state;
(e)
B
$'$
all rights
to *<"$
paymnet. +
inclngudi < rights %
any %
$; under < state %
any '$$ federal %
or % agricural
ult *% %"' (including 64-
programs B FSA
*<"$'
paymen
s,t to *<"$
rights $
%
$' payment + in !
kind P %for % *'
crops % or $
%B"*% $'
other farm products revolving B
, %5 5 fund %$'
credit,s 5'
dividend
s
and %$';
retaian ges;
(~
B all righ
st
%
$' wiht 5'*$
respect to <
+ statutory %
any '$$$ %< or ""
common law
lien regard
ng i < of $
any the $%
Coll
, laeatr
inclnugdi lei ns to
'$
'$ the *%
'
secure $
purase
ch "
price 7 lvi estock %
of 5'$ ! under 7 %
Cafo
lirnia 6
Food -"
and Agric urutel
Code e))
§55701 to '$'
et seq., $
K'Q
establi hs )trust %
a B"'K under 7+
4/
U.S.C. e/
§181 Ket 'Q
or
seq. % 7 U.S.C.' e9((-
§499A $ seq.,
et [(9
and $ to ' 5
er $
secu the *%
'
purcah se *% of % *'
price 7 and
%
crosp 5"
other far m *"$'
prodctus %
under
ia 6
"
Californ Food and -%$%
Agr
cultur
i e
Code e))8
§55631 K seq., '
et 'Q^ all '
as such
$'
rights % are in 77$ %
%$%
now effect or hereaft
re $
enacetd, *% "$
promu gatdel %
or
"G
amende; d
(g)
B( all "
general $'
intagn ibles, + all *<"$
including paymnt
e N'
intangibl
es
and $
Inteellctual #% *<
Property BR
(definde herein);
%G
(h)
B
*% ' 7<% *"'%*'** %$*<"
all procee
sd of any crop insurance
, price support payment "
or $%
other 5%"$
govertnm
ne *% %"G
program
;
(i)
B '' '
access,ion
s $$
"$'
attachm
ntse
and $
% '
other add
tion
i s to $
$ the $%G
Co;atlleral
U)
B ''$$$'
substitutes % %*"'
or rep
aceme
l snt for <
7 %any $%
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ll , all *% '
proceeds
, products, %$'
*% ' and *"R'
rents profits K of < l, ^
any %E
Collatera all
R
$' under '
rights % warrnties
a
and '%
insucanre $%$'
cont
acts
r 5%
covering B
the $%R
Coaelllrt, righst 5
and
$' any ''
under < causes 7
of
action %$
relating $ any
to < and
7$
$%
all of the Collateral
;
and
(k)
B! boos,k %%'* E
!'
correde
ce
psn,o 5K files, % %'
credit '
recor , 5 '
ds invoices, "$'
maun als, '% records
service % %' and *% %"'
progrma,s other **$'
$
% papers
X
and "$'
docum nt
, se "*$%
comtuper % %'
records, $'runs, ' R%
softwa systems, *5'
,e r '<'$"' procedures
, '!' tapes
disks, $*' storage "
other '$ %
and
% media %$
relatng
i to <
$ any 7
of
$
the $%E
Coellat, ral
includi
gn <
any 7 the 7 %
of $
forego gin the *244442
in +
possessio
n %
or $% K
con
orlt of <
any '%5
service, '$$
consul,ta
tn or $'
K outsied 5
vendor
(colle
tively
c ,
B 5 C, !'
"Books
and 0 %'C
Recods"
r ).
1.02 ,'$$"$
Reintatement.
s :
The $ '
obliga
snoti of &%$ %
7 Granter %
under $
'
this -%$ 1
Article and B
the '%$<
secrty
ui intees
rt
%' in,
and $
the >
Lien
on,
the
$%
Coeartlll shall
'
be $ "$<
automat
callyi 5'$
reinstated 7 if to $
N$$
and $ the extent $
$
that $ K any %'
for < any *<"$
reason < paym
tne or
by %
< on
7
beh
fal of &$ %
7Gran tor in
/LD+,+:
EXHIBIT .
K 144
99
E%'*
respect of the 4%
7$
Secured 2$ 'is %'
Obligations ' or "'$
rescinded % otherwise
must $
%'be %'$ %by <
restored <any
%of <
holder 7 the 4%
of $
any 7 Secured 2$ '
Obligations,
$
%
whether 'as
a 5'
resu
t l 7 any *% '
of < proceedings in !%*$< or 5 %$
bankruptcy % reorganization % otherwise. &%" %
or $
%' Grantor %'
agrees
that "7<
it will indemnify
4%
Secured #%$< on "
Party demand 7 % for costs
all '$' and N*'' (including %'
expenses B reasonable ' ) l
of '
fees Kcounse incurred < Secured #<
by 4% Party +
in
$
connection $
any '
with < such B'''
rescission or K%'$ %$
restoration, <'
including any costs
such '$' and N*''
expenses $% in 7
incurred against <
defending '$ any
"
claim $
$
alleg
ngi such *<"$
that '
payment '$$$
const
tuted
i
a *%7%
preference, 7%$%'7$ %
fraudulent transfer similar *<"$
or '"%payment %
under <
any !%*$<
bankruptcy,
insolvency %
' 5< or '"%
simi
arl law.
8
1.03 $
Continuing 2!
Obigation
l . :
obligations *"5
The $ 'provided
in this
'- 1 %
Article are $ obligations
continuing "' and '
C
shall **<
app
yl
$ 4%2$ 'B'R
%
5%%'E
to all Secured Obligations (as defined herein) whenever arising.
1.
9
04 # %7 E
Perfection
.
(a)
B &% % shall *% "*$<
Grantor '
7% "$"
promptly from to C"
time $ time 5
give, N$
execute, 5%
deliver, R
file, % %
record,
%
authorize %obtain,
or $
and
%<
hereby
$
%'Secured #<
authorizes 4%Party $ file, '
to R such financing statements
R'$$"$' and '$$"$'
continuation statements and $
%
other $'
notices,'$"'
instruments,
documents, $"$'
"$'
agreements % or '$'
consents in '
such 7R' '%K
offices as shall
are or '
be ''%<
necessary or %'4% Party "<
as Secured #%$< may $%"
determine $ to
be
appropriate $
**% * to create perfect
$, *%7 and '$'
estab
ishl the *% %$<
$
priority 7
of $
the >'
Liens %$
granted < this $"
by B
' agreement any
in < and all 7
of $
the $%
Collatera
, l to$
preserve $
*%'%5 the 5$<
validity *%7$
perfection % or *% %$<
priority 7
of $
>'%$
the Liens granted < '%"$
by this agreement + <
in any and
all 7$
of the $$
Coatera
ll l % or $
to
enable
4%
Secured #<
Party to N%'
exercise $' rights,%"'
its %
$' remedies , * %'
powers privileges %
and *%5' this %"$
under $
' agreement . 4%
Secured #%$<
Party ' is
%<
hereby
authoried
,z
$
%
but '
$ sha have
l l
5 no $
obligat
on, i to file R
$ R financing %or $$
continuation '$"'
statements , $$
inteectual
ll property '"<
*% *< security %"$'
agreements and
""$'
amendments $ to < of the
any K foregoing,
$
7 $
any jurisdiction
in <W%'$ with <
and $
any R offices '
filing 7R' Secured #<
as 4% Party "<
may $%"
determine % are ''%<
necessary
or 5'
% adv
sable
i to *%7
$ or $
%'
perfect % otherwise *% $$
protect $
the '%$< interest %$
security $%'$ granted to $ 4%
Secured #%$< herein. 4
Party
%
Such R statements "<
financing '$$"$' may
'$
describe B
the $
Collateral the '"
in $
same "%
manner ' as '%
described
% or "<
herein % contain
may $ an $
indication %or '%*$
description K of $%
collateral $
$
that
desrcibe
s
'%' '
such *% *%$<
property in < other "%
any
manner ' as 4% Party "<
Secured #%$< may $%"
determine ' is ''%<
necessary % or 5'
advisable including '
, describing
'
property '
such *% *%$< "all *$'
as ] personal *% *%$< whether
property,
$
% now
owned %or
%R
hereafter Q%C
acquired or %'
" % words 7of '"%
simi
arl
effect. &%$ %
Grantor '
$
shall
"'
to 4%
furnish Secured #%+< from $"
Party % % time to
+% statements
time '$$"$' and '
'
schedules %$
% identifying
further +$7< and '%
describing $
Collateral
the and '
such
other %* %$'
$
% in $
reports connection
with the Collatera
$
$% as 4%
l ' Party "<
Secured #%$< may %' <
reasonably %Q'$
all in %'
request, reasonab
e l $ detail.
(b)
B8 &%$ %
Grantor '
'
shall K
not R
file %
or '77%to
suffer $ be fiR
el d, %
or $
%
authorize %
or *%"$ to
permit $ be R
filed %
or $ be
to on R
file,
in <
any W%'$
jurisdiction
,
<finaning
c
any 7 '$$"$
statem
nte %
or !
like '$%"$ with %'*
instrument $
respect $
to <any K
of $
the 5
Collateral which 4%
in
Secured #%$<
Party ' not "
is $ named '
as $
'
the sole
'%
secured *%$<
party.
-0:+>/2· 4/0/?
ARTICLE =SECURED 2,>+&-:+214
OBLIGATIONS
Th is %"$
:
' agreement 'is $ secur,e
to '% and $
the $%
Collateral '
is '%$<
secur
ty i 7 %
the *% "*
for,
"*$*<"$
prompt and complete payment
and *%7 %"
perfoman
r ce in
+
full due,
5
when
whether $
at '$
stated "$%$<
maturity,<
by %Q%
required *%*<"$
prepayment , %R
declaration, %$
accele ation
r , "
demand %
or $
%'
otherwise B"
(includ
ng i the
+
*<"$
payment 7of " $'
amounts that would "
$ become due K
but $ %the *%
for $
operation 7 the $ "$
of $
automatic '$< %4$
stay under Section 8B
362(a) K
of $
the ,!%*$<
Bankruptcy
11 '
Code, U.S.C. §362(a) B
e8B any ''' %
(and < successor *% 5'
provision $
% 7
ìhereoï)) 7
of $
the 7
following B $5<
(collective
y, "]4%
l the "Secured 2'C
Obligations
) " + in <
any
5%
order 7
of *% %$<
prority
i that 4%
$
$ Party "<
Secured #%$< may
';
choose:
(a)
B all 2$ '
as R
Obligations ' defined
in the Credit -%"$
$
%$ Agreement ,
including $
ryi D%@6
the ?%<
Da HerdFeed
/ Line 7
> Credit 1 $
of $Note $
dated
'
as Kthe
of $
date 7 this %"
of d
' agreem
ne, t from tor $ 4%
$% "&% %
Granto Secured #%$<
Party
in the originla *%*
$
%princ
pal i " $
amount +K
of [$2,000.00
500)
E
, (the Cc G
B$
"Not
;)"e
(b)
B all $ '
obliga
osn i t KGrantor %
of &% % this %"$
under $
' nte
agreem and $
other >
the $
%Loan ? "$'G
Document
; s
(c)
B any
< all " $'
and amounts 5by 4%
advanced <Secured #%$<
Party
in %% to *%'N5
order $ preserve B
the $%G
Coateral;
ll
(d)
B all $ '
of &%$ $
obligations Grantorto 4%
Secured #%$< whether
Party, 5
% now N'$
existing %
or
%7$%%%
hereafter incurred or creat, de
$
%
%%$
whether
voluntary
5 $%< % ,a
$
%
or 5 $%<
involunt
ry whether $ %<
obligatory % or = $ %<G
nonobligatory
- ; whether
$
% due % $ due,
"%
or not
whether ' $
absolute 5
or
conting ,nte or
%
$
%
whether incurred %$<
direct
y l % or Q%
acquired < by ''"$
ass
gnment
i or $
%'
%otherwise , %
under the terms
$
$%"' and '
conditions $of <
any $
%
other %$$
written '$%"
instrum
nte
or %"
%agrem
nte N$
executed < Grantor
by &% % and
which specifically recites that tho
'*R<%$'
$ se obligat
onsi
' R ' are '"
%secuedr "'"G
by this
< agremnt;e
(e)
B <
any 7
of $
the 7 % that ''
foregoing $
$arises 7%
after $
the R
filng of
i 7 a *$$
petition <
by %
or '$
aga
nst i Grantor %
&% %under
an +' 5<
Insolvncy
e
Proceeding
;
#% G
and
(D " the 5$
in
event K <*%
of any proceeding for
7 %the collect
oni
$
or 7 %"$
% of <
enforcement $any the B "
of $
foregoing $ '
obligation
,s after
'$; an
/5$
Event
of ?$Kshall
5
Default '
occurrde
have %% and continuing
be $ and 5
unw,aidev N*''
the expe
$
nse of %$!
7retaking,
holding, **$
preparing $ %
for '
sale %
or
Triple V
:%; ?%<)
Dairy $2.
5mm)""0>22021 1"+6
RLOC KSHerd/eFed
4<
Secu
tyi r -%"$
Agreement
2
9)"
145
. -- -· - ----- --------
lease, '
' selling %otherwise '* '
or $
%' of %
disposing Kor %$
rea
zing
i l
on $
the $%
Coateral
ll , or of <
%Kany N%'
exerc
sei <the 4%
by $
Secured #%$<
Party 7
of $' rights %
its $
$' under
the >
$
Loan ? "$'
Docments,
u with <
together $
$ $
% any ''%<
necessary %<'
attorneys fees
' 7' and %$
court '$'
costs.
-0:+>/
ART
CLE
I 3 =
8- &0-1:20
GRANTOR 0/#0/4/1:
REPRESENT-A:+214
TIO NS
3.01
8
0 %$ '
Repre
entations
s . &$ $represents
Granter %*%'$'and %%$'to 4%
warrants $ Secured #%$<
Party $
$
that:
(a)
B
full
the 7 and %%$ legal "
correct name, $<*
type K
of %$
organizat
on, i jurisdiction 7
W%' of %$
organi
o,n at iz
and "$
mai
ni gl address
%''and
*of '''
place Kbus
ness
i 7Grantor '
of &$$ % as K the $
of B
date
$ 7 are <
hereof %corre
tly set 7
c '$ forth N$ $ &%$ %'
next to Grantor's '$%
signature $ this 5"";
to $
' agreemen
t;
{b)
B Grantor
'
&%$ % has $(i) '
not B used <trade "
any $% assumed "
name, ''" name % other "
or $
;name N*$ s ' "
except &%""M'
Grantor name '$$
stated in the
$
R%'K*%%*
K$
'%"B
$'$ CB'R4$ (8 7D(ZB+
+'W%'$
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
of %* %$
7 incorporation %
or 7 %"$ ;
fonna
on
ti;
(c)
B &" %
Grant,or
each
'its *
has +$' place K
of '''
bus
ness,
i or +$'
% chief N$5
its
7 exe
vecui t office, K
7RE has " %
if it
' than
more +
one *
place K
of ++
buness
si ,
'''
is $
' located at $
"
the %''
address W
adjace
t n $
to $' e r ;
its '$%
signatu below;
{d)
B N*$for >'
except P %Liens N*%''<permitted %
expressly *%"$$ the $%"'
under $
terms 7
of $
Credit -%"$
the %$Agrem Granter
'
e ent, &%$ not %$
has $granted <
any
security 1'K
'%$< in <
interest any K
of $
Collateral N*
the $% $ 4%
except to Secured #%$<G
Party;
(e)
B $
%are
there %no "'
actions, *% '
claims, $ ' or 5'$R '
proceedings %investiga
ions
t *
pending %
or threaten
d e '$
$
%$aga
nst
i &" %
Granter %
or 77$
affecting
the $$
$
Collateral with
$
%'*$to <
respect $ any 5 $ ' 7
viol
ations Applicable >';
of -**Laws;
(D
B+ &%$ %is $
Granter ' the ' record
sole % % al i %
and RK
benefic ownre 7 and has
of
'good
and "%!$
marketable $$
title +
to $
Collateral "
the $$ in
it *%* %$'
which purports +
$ grant
to %$a '%< interest *%'$
security $%'$ to -$
pursuant $ 1;
Article G and
(g)
B 4%
Secured #$$<has
Party
' will $
and to
5
continue $ have '
as '%$<
security for the 4"
%$
Obligations,
Secured 2$ '
valid
a 5and 7
enforceab
e l
>on
Lien and '$<
secur
ty i $%'$
interest and, *
in
upon *% *%
proep r R
filing any =
of <UCC Finacning 4$$"$
1- 6 Statement +
in $
the 7R
office 7
of $
the $ "4%$%<
Cal
fo
arni Secretary
7State, N$
of 4
of <
execution $ control %"$
any $% agreeme
t n %
or 5%<
del
viery K
of $
Coat
llalre to 4%
Secured #%$<'
Party , *$
s ' * ''''
possession perfected >on
Lien and
security $%'$
'5<interest
in
all the
$%
Collate
, la r free 7
$%of
all $
%
other >'
Lie,sn "'
cla
ms
i
and %
$'K
rights of $
% es i
$' 5%
third *'
part whatso
ver
e N"
except P %
for >'
Liens
expressly perm
ttedi
N*%''<*%"$$%$
$%"'
under the terms 7
of $
Credit -$"
the %$Agrement %this %"$
or $
' agreement B^#%"
$
("Ptted
ermi Lien
. )"s
>'C
8E
3.02 %"$
Informat
on i Accurate "
and "
Comp
ete.l Grantor's '"''
&%$ %E'submiss
on i of <
Kany %* %$
report, % %
record, R$
certificate % $
%
or other
%"
informat
on i pertain
ng i
*%$to $
$ % *% '
$ the condition or operations, 7
finan or $
'
al i c % otherwis of &% %
, e 7 or <
Granter %any K
of $
the $
Coateral,
ll 7% "
from $"
time $
to t" G
m
i e,
$
% or not required %
whether % $%Q% this %"$
under $
' agreement, will be "
deemde "*
accompan
ed i by
<a %*$'$$
representation < by &%%
Granter $
$
that $
the %* %$
report,
d %
record %
or %" is "*$
information ' competel
and %$
accurate
in
all "$%
mater respects '
al i %'*' as $ to $
the $
condition % or *%$ '
operations 7 Granter B"
of &% % (and, $
if
appicab
e,l l
**
&%$"'
Granor's
t 4''
Subsidiraies, Affiliaes
t,
-77$'
partners , '
%
%'
*%$%'
sharhe, sold
re ""%'
mems,rbe %
or
%
other *" '
principals)
, including, "E
"
without R"$
limitation ,
all "$%
++ material $$
contingen ti,
t $'
liabilies and ' not "$
does K omit $
to '$$
state <any "$%
mate ialr 7$ fact ''%< to "!
necessary $ make $
information "
the %" contained $
%
therein
not "'
$mis
eading
l .
-0:+>/9
ARTICLE - &0-1:20
4 =GRANTOR 2/1-1:4
COVENANTS
$'
$"'4%2$ '
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)
B8 &%$ %shall '
Granter '
caues express ''"
an N*%'' ass
gnment
i milk
!'
of "!
B
checks to be R
filed $
with $
%'*$5
the respective %"%<E
creame
r. y :
$
That
assignment "'
''"$ must *% 5
prov
dei $
$
that k l $'
all %!
mi receivable
accounts %5be *
paid %$< to 4"
diretcly $ Secured #<
Party.
{b)
B &%""
Granter '
shall B
(i) *% *%<*%'%5E
proper
y l preser,ev maint nai
"+ and %
care 7 %
for $
; eral """
the $%G
Collat ma nntai (or '
B %cause + to
be "$
maintaied
n)
*
N'$'$%Q5$ %$
$%
all poles ici of insuran ec requ erdi for the Collateral 5under $
Credit -$""
the %$ Agrement
e
and *<
pay B %(or '
cause *<"$ paym nte K all *%""'
of) premiums $ ; for
$
$ insruance
that '% or * %
on % prori $ to $
date
the $ when ;
due; B
(i)i '
use, *%$ and ""$"
operate mainta
n i $
the %
Collatlare in "*
+ compl
acne i with K
$
all -**
App
cable
i l
>'
Laws in ""*
and comp
anci e l with
$
all **
app
cable
li '%
insuranc requirements
e %Q%"$' and %$ 'G
regulat
ons;i (iii) *% "*$<
Bprom
ytpl pay
*< when due
all taxe
N's and
transportation
$%'* %$$ , '$ %
warehousing
storage, %
' other '
and $
% charges
such
%' and
'
fees 77$
affec
ngi t or ari
ngsi
%%' out "
$ of or %
relating to $
the $%
Coateral
ll and
defedn $
Collateral '$
the aganst
i < claims
any "' and "'
demand s 5%'
adveres to $
the $5'$'
interests K of &%$ %
Grantor % or 4"
Secured #%$<G Party; B+5 , tc
(iv) *% $$
prote and
$< collect C
diigl ently $ all acc ount
$'G; s (v) !*
and B5 keep "*$
compl,eet %%$
curent, accurate , !'
and $ Books and 0 %'
Records $
with %'*$
respect $ to $
the $%
Collatera l
and
any *% '
< proceesd % or $ 'G
collections;
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4""<
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tyri -%"%
Agreeem
tn
3
146
9
(c)
B &%$ %
Granter '
notify 4%
shall $7<Secred
u #%$<in ""
Party writing *$ %
prior $ any
to <change
in B Grantor's "
(i) &% 5E' l "*<%
name, federa
%emp
oyer
l
identification "%
$R$ , '$%$%
number structure, %
or $<*of $$ %
type 7organ
on
zatii (ii) $
or B the Z B'
locat
on
s)( i 7(A) &%$ %E'
of B-Grantor's * of '''
place 7 or &%$ %'
business %Grantor's
K
chief
executive 7R
N$5office 7 Granter
'
if &% % more "
has " %than
one *of '''
place 7business (B) &%$ %
, B, Grantor
s ' 8) organization, %
of %$
state 7 (C) &$ %E'
or BGranto
s' r Books
, !' and
0 %'
Records %
concern
ng i <
any $%G
Coatera
ll; l
(d)
B &% shall *% "*$<
Gratner '
prompt
y l $7< Secured #<
notify 4%Party
in %$
writ
ngi of <
7 evetn
any 5$which 5%'<
adverse
y l '
affects $
5$
the value of $
the
Collateral, $
$% the $<of &%$ %
ability 7 or 4%
Granter %Secured #%$<to '* '
Party $ of $
dispose 7the $%
Coateral
ll , or $
% rights
the %
$'and %"'
remedies 7Secured #<
of 4%Party
in
relat
oni
%$$ thereto, includ
ng,i
%!
$
but not "$ to,
limited E the 5<of <
levy 7 legal *% ''
any process '$
agaistn < l
any $%
Collatera $
*$
and the adoptio of <
n K any
"%!$order, %%"$
marketing %%
arrangeme
t n or *% %
K gin $
procedure 77$
affect the %KE
Coateral
ll ,
$
%
whether 5%"$
governmenta
l %
or $
%'G
otherwise
;
(e)
B N *E
except 7 $$
#%"$$
for the Liens, &%$ $
Permitted >' Granter not %$
will $ or '%
grant %suffer to exist <
$ N'$any '%$<
security $%'$
interest
in, %
or >
Lien
on, <
any
of $
K l N*
the $%
Collatera to 4%
except Party,
Secured #%$<
will !*
and keep the Collateral 7% 7
$
$%free of all Liens, "'
>' claims, '%$<interests
security $%'$' and
"%'
encumbrances $of < kind %
any ! nature N*$
or $% except $
the '%$<interest
security $%' of Secured Party
4%#%$< and '
such #%"$$
Permitted >' provided,
5%
Liens ; *% 5
however G
that no #%""
$ Liens "<
Permitted >' may
5
have *% %$<
prority
i over 4%
5%Secured #%$<M'
Party's $%'$ in,
interest
and >
$
Lien on, the %G
Coateral;
ll
(Q
B$ &%$ %
Granter shall '
*% "*$<
promptly *<pay
when
due all taxes
BN' and
all $%'* %$$
transportation, storage , %
'
'$ $
warehousing and $
% '
other such
charges
%' fees $
and 7' affect
ng i % %'
or aris
ngi of %
out K or %$
relating $ Collateral
$%
to the and costs ''%<
all '$' necessary to preserve enforce
defend, 7 %
, 7
$ *'%5
and
collect $
$ Collateral,
the $%
and any < '$'
costs $ perfect 4%
to *%7$ Secured #%$<'
s ' '%$<
Party interest
security $%'$ shall
and '
defend $
the $%
Coatera
ll l against <
'$ any
"'
cla
ms i and "'
demands %'
adverse to the
$%'$'K
interests of &%$ % %4%
Granter or Secured 6$$<; provided,
5%
Party; *% 5E howeev,r $
$
witout
h waiving &%$ %'
5 Grantor's
default
for to "!
failure $
P %7% any '
*<"$
make < such payment , 4%
Secured #%$<Party $ option "<
its *$
at $' pay any '
may *<< costs
such '$' and N*''
expenses, '
%
discharge
"%'
encmbrances
u
on P
the $%
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and *< B %'%
pay for insurance
$%
of the Collatera
, l such *<"$'
and '
paymetsn shall
'
be
a *%K
part the 4%
of $
Secured
2$ '
Obl
gations
i
and %
bear $%'$$
interest at the $
?7$ Rate
Default 0$ and &%$ % shall %"%'
Granter '
reimbur
es 4"
Secured #%$< on "
Party demand 7 %for < costs '
any '' so
incurred
;
%%;
(g)
B( until 4%
$ Secrued Party#<N%''
exerc
sesi its %
$'
' to "!
rights make
collon,
ecti &%$ %
Granter
will $<
digent
liy l collect
$all %G
Coateral
ll ;
(h)
B
if <
$ any $%
Coateral
ll ' or "'
is % becomes $
'W
the subject 7 of <
any %'$%$
registration %$R$
certificate, %$7 * '$
certificate of or
deposit %negotiable
"$
document Kof F
title, any %
'
including < receipt %
warehouse %*$ or
bill K lading, &% %
of +
shall ""$<
Granter '
immediate
y l 5% such "$
deliver '
to 4%
document $ Secred
u
#%$<
%E$$
Party, together necessary %'"$'
any ''%<
with < endorsements;
(i)
B &%$ % will $
Granter not '
lease, %
sell, '
agree sell %
to ' lease, %
or '
otherwise '* '
or
%' dispose 7of < , N*$
any $%
Collateral except tha until
t $
an
/5K
Event Kof ?7$
Default % the +5
or $
revoca
onti < Secured #<
by 4% of &%$ %E'
Party Grantor's R
$
right $ to
do ' so, 'W
and sub ect
j to $
$ the *% 5'
provision 7 this $"$
of $
'agreement ,
Granter "<
&%$ % may B(i) ' lease <
or '
sell % any $% constituting 5" %<
Collateral '$$$ inventory % or P"
farm *% $'
products in $
ordinary %'
the %%< of '''
course 7 business $
at *%'
prices
const
ng
tuti i
'$$$ the fair "%!$
B market 5
value the reof;
% 7 (ii) '
and B '
use feed, z,
"'
seed, 7%$%
fertilier chemicals medicines
, "' and
supplies '
other '**' used %
or
*%
prodced
u &%$ %'
in Granto's r 7%"$
farm
ngi *%$ '
operations in $
the %%<
ord
nary
i %'
course 7of &$$ %E'
Grantor's 7
farming *%$ 'G
operatio
;s n
U)
BW
&% %
Granter execute
will N$ deliver '
and 5% such $
additiona documents as "<
l "$'' may
be ''%<
necessary or %%' <%Q'
reasonably requested < by
4%
Secrued #%$< in $
Party + conection
n $
with $
creation, perfection
the %$
*%7$ and "$ of 4%
maintenance 7 Secured #%$<E'
Party's '%<
secur
ty i interest
%'$in $
the %
Collatera
, l
all ''"$'
including ass
gnments,
i transfers
$%'%' other "$'
and !
% required <
documents %Q% 4%#%$<
by Secured Party $
to transfer to 4%
$%'75 Secred
u Party,
#%$< federal
all % and
state 5""
'$ government *% %"
program *<"$'
payments ,
all %
$' to *<"$
rights $ paymen accounts, %
t, $' general +$'
intang
blesi
and R$'G
benefits;
(k)
B! &%$ %
Granter FC attach <
not $$
will $ any $%
Coateral
ll to <
$ any Bproperty or %
real *% *%$< %fixture + a "%
in manner
wh
chi "
$'
might cause '
such
Coatera
ll l
$%$ "
to become a*%$
part $
5 unless &% 5
thereof ''Gratner first $'
R%'$ obtains E
written '$
the %$$ of <
consent any %
owner,
%of <
holder K Lien
any >on $
the %
real
*"*<
property %
or RN$%
fixture, % other #%'
or $
% having
Person
5 an $%'$
interest '
*"*<
in such property the %" 5
to C( by 4%
removal < Secured #%$<
Party 7
of the Coatera
ll l
$% 7% "
from
'
real *% *%$<
such % or fixture. 4
property %RN$% tten '$
Such wri
%$$ shall
consent '
be 7 $"
in form and ''$
substance *$
acceptab
e l to 4"
$ #%$<
Secured Party and '
shall *% 5
provide
that 4%
$
$ Secured #%$<has
Party
' lityi
no $<
liab to
such %
owner,
%
holder of <]
7any or <
lien, % other #%' G
any
%Person;
(I)
B$ &%$%shall "$
Granter '
ma
ntain
i all , !'
Books and 0 %'
Records *%$to %
pertaining $ or '$
constit
ting
u
a * %$ K
portion of $
the $%
Collateral
located
at
K location %' <
a $ reasonab
y l '$'$$ %<
satisfa
tory
c to 45
$ Party
Secured #%$<and not
will $ change U
the $
location 7 '
, !'
of such and 0 %'
Books Records F$
$$
without the
* % written '$
prior $$ of 4%
consent K ch '$
Party, whi
Secured #%$< not
shall $
consent '
be %' <
unreasonably $
;
wihheld
t ;
and
(m)
B" &%$ %shall $
Granter '
not R any ""$'
file <amendments
, "% '$$"$'
correction statements %
or termination statements %
'$"'concerning $
the
Collateral.
$%
+
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Smm
. 0>2
RLOC
2012 D%@6
HeFd/reed
Security -""
4< Agrenteme
4
147
9
(a)
B require &% %
%Q%Gratner $ 5%
to delivre 4%
to Sec urde Party B9
#%$< ()i *'
cop
esi %
of or N$%$'
extrac
st 7% "the , !'
from $
Books and 0 %'
Reco
ds
r, (ii) " %'
B recodsr
and '
'
schedules
wh
ch
i '
show $
status
the '$$' and $
condition 7
of $
the $%
Colleat ral and
%
where $
it '
is $
locate,d
and B
(iii) 7 $
inform
ion
ta any $"'
on < contrsatc
other "$$%'
or $
%
$ matte
sr affecting $
77$the $%G
Collat
ral
e;
(b)
B require &%$%
%Q%Granet r $ permit 4%
to *%" Secuerd Party
#%$<and $' agents
its $' and '$$'
consult
tsna $ '*$$
to inspect the $%
Co
, aelrllt the
$
%'
reasonabl
e '$'and N*''
costs expenses 7of
shall %
which '
be borne < re
by &%$ %
Grant shall
and '
due
be payable * "G
and *< upon deman ;d
(c)
B %Q%
requ
rei &%$ % to "'
Granter $ to 4%
furnihs ! Party
Secured #%$< a '$ of $
list K buyers, *% '' %'
the <$' procoses,rs ""''
commission "%
$'
merchan ts
,
" *%5'
coop
atirves
e,
or sell
ng
i
'+ $' to %
agents $ through
"
or
whom &% %
Granter '' any 7%"
sells < farm *% $
product % $
%
or other $%G
Coll
; aleart
and the 5K
in $
event that
$
&" %
Granter $
%7$%
theer aftre '' farm *% $' %
sells 7%" products or $
%
other $%
Collateral $ through *%'
or $
%
to % a person % $$< $
or entity not $R
idened tfii in $
list, &%" %
the '$ Graetnr shall
'
notify 4%
$7< Secred
u Party 7
#%$< the sale $
of $
' not '' $
'5
less than (7) <'
seven B days * $ to $
prior $ the ';
sale;
(d)
B require &"%
%Q% $ 5%
Granter to to 4%
deliver $ Secu
ed
r #%$<any '
"'
Party <instrumnest chattel **%G
or
$$ paper; "
(e)
B( $7< %%Q%
notify or requ
re i &" %
Granter
to $7< any K
notify < debtors, <
account '
any <%'of the $%
buyers 7 Collat
, era
l <
or an
$ other *%' '
y $
% persson of
K
4%
Secredu #%$<'
Party's $%'$ in $
inteer st the $%G
Collate
la; r
(D
B+ notify %
$7< require &%$ %
or %Q%Granter $
to $7<any
notify < t $ %
accoun to 7 %%
debtor $ all *<"$'
forward paymnt
es
and *% '
proceeds 7
of >
the $%
Col
ataerl l
4%
to Secred
u Party;
#%$<Gand
(g)
B %'
endse
or sign &%" 5'
or '
% Grant
s o'r "
nam e all
!'
on chec
s,k drafts, $ '
%7$'
coll
on
ec s,
it receipts
%*$' , s t
other "$'
and
% documen and $ !
to take
* ''''
posse
si
on
s Kand *
of the mail %''
open $
" adderssed to &5 %
$ and " 5
Granter therefrom <*<"$'
remove $
%7% " any paymntse *% '
and proceesd of the
$ Coatera
ll l.
%E
)
5.02 Liability
No >$< on $"G
Colltaerl¡a Indemnity. :
"
The %
$' and * %'
rights powe
sr of 4%
7Secre
ud #<
Party
%%
hereuernd % 7%%
are conf
rerde
' <to *% $$
solely $ protect +$'
its $%'$
interest in
the l a
$
$%
Collater and '
not "* '
shall $ upon 4"
impose * Party <
Securde #%$< duty *
any $<upon $ $ N%'
it to exe
secir <'
any such
%
$'or * %'
rights %powers. 4%
Sec Party '
ured #%$< does $ in <
not <44"
any way assume < of &%$"'
any 7 Gran
ort's liabili
e,si t
$'
obligations %
$ ' or $'
duties $
unde, r K
or
with
5'*
respect to
$ the Collatl.ear
$
$%
&%$ %shall %"
Granter '
remain $
%'*$
liable with to B
respect $ the $%
Collaelatr the '"
to $
extent '
same N$$ as 7 s "$
if thi
' agreeme
tn
had
not
$ been N$
execd. uet Granter %'
&%$ % agrees to "7< protect
, *$'K
indemnify hold 4%
and
Secuedr Party
%"''7% "
#%$< harmess
l from
and '$
againts any
< and
all
$' "'
liabilities
, claim,s "'
demand s, "'
damag,se $ '
act
ons
i, *% '
proceedings
, losses, '$'
'''
and N*''
costs expenses (includ
ngi
B+ "<'
attorney' s fees "
7'and court
costs) arising
'' %' in $
connection $
or
with % on $ of <
account K any 7
$%
of the Collal.
atre
5.03
)
8 %=
Care 7 of $%
Coll
. aarlet /N*$
Except $ for $
safe '$ <
the '7 custody 7 of <
any $%
Collate
la r its * ''''
in $'
posses. nosi 4%
Secured #< shall
5
Party '
have
no $<duty '
as $ to <
any $$
Collatral
e or '
% as $ to $
taking 7
the $! of <
any '$*'
steps $ to *%'
presreve %
$' against <
rights '$ any $
%
other *%$<
4%
party. Sec ed
ru shall
Party '
#%$< be
"
deemde $
5
to have exe rcised %'
N%' reasonable %
care i
n the custody
$
'$ < and *%'%5$
preserati
von of <
7 any ++%$
Collateral its * ''''
in $' possess
on i if '
7 such $
Coate
lllar
is %
' accoredd $"$
treatmen
t subatnisytall
'$< Q
equla to that
$ $
$ which 4%
Secured #%$<Party %'
accords +$'its
own *% *%$<
property
, is %
or '
% accorded $%$"$
treatment
"*<
comnglpyi with <
$
any *% 5'
provis
oni of <
7 other "$
any $
% docum
t ne sett
ngi
'$$ forth
B
a '$%
standadr of %
7 B %'
care for such $%
Collateral.
-0:+>/
ART
CLE
I · //1:4
6 =EVENTS 6DEFAULT -1?
OF ?/6->:AND 0//?+/4
REMEDES
I
6.01
/5$'
Events K
of Defa
?7$ :
ut.l The B
followi
gn
shall
each '
be 5$of default %
an evetn K7 this %"$
under $
'agrem
tene (an C/5$
B"Event 7
of
?7$C;
Defau
):" lt
(a)
B
an /5K
Event 7Default
of ?7under the
%
Credit -%"$
Agret;nem
and
(b)
B Granter %
'
&%$ %breac
seh <
any $%"
term, *% 5'
provision, %%$<
%*%'$$
waranty,
r reper se
, io
nntat 5$or %"$
covenant %agre
tnem
e %
under this
'
%"$
agreement.
6.02
0"'
Remedies
. * %%
$
occ
Upon the rurence of
Kan /5$
Event 7
of ?7$
Defaut.l 4%Party "<;
Secured #%$<may:
(a)
B *%'
pursue < all %"'
K
any or remedies '
as '$
set fort
h this %"$
in $
' agreeme
nt the %$
or $
Cret di -%"$
Ager em
,en
t at E
$ "
law, %
or
in Q$<G
equ
ty;i
(b)
B %
enforce $
the '%$<
security $%'$
inteest
r given
%%%
5hereunder any 2F/K
or <other i+'$""
nstrument or %"$
%agreemen
t *%'"
pursaunt the
to $
+ UCC
and
<oth
any er -**
$
%App cbaelil >G
Law;
(c)
B %
enforce $
'%$<
the secu of 4$
inteer st K
rity $%'$ Secured #%$<in <
Party + any * '$
deptosi $
account 7&%" %
of Gr
aenrt "$
ma
neindtai $
any 4%
with <Secur
de
Party <
#%$< applying '
by **<" such $
account the 4%
to $
$ Secured 2E 'G
Obligat
ons;i
el
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2 1%@6
201 Herde/Fed
4""<
Security -%"'
Ager em
net
5
148
9I
(d)
B 5Q
requ
rei &%% obtain 4%
Gratnorto $ $Secured #%$<E'prior
Party's * %written '$
consten to <
$ any '
lease, %"K
sale, ' agreeme
nt B sell %'
to ' or lease,
or $
%
% of <
other '* '$
dispoistion any $%G
Collat
; eral
(e)
B require &$"
%Q%Grantorto$ '%$
segrega
et all $ '
collectio
sn
and *5 '
procesed of $
7the $%K
Coaeral
llt ' that C"<
so B
$ are *
they %capeabl 7
of
identifica
noti
+R daily '
and 5%<
deliver such $ '
collect
onsi
and *% '
proceed
s 4"
to Secured #%$<
Party
in !
kind;
(D
B require &" %
%Q% Grantorto $ ''"
assembl
e $
the Collat
al,re
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includign
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Books
the , !' and Rec
0' %'
and "!
ords, make $
"
them 5
avaabl
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+
4%
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a * design
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< Secur
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%
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any $%E
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and '
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and
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rip "
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sa or '
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or $
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"
demand
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B grant exte
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any $ rights
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be E
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ti
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which &% % has <
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pursuing <
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tn
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ll %"%'
reimbur
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* demand $ ; for cosst N*''
all '$' and expe ses
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reaso bl
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$$ %<E' fees) %%
incurred < by Secu 4%
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8 1 of ?' '$
Notice K Disposnoiti of $%
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7 Waranties
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faith %Q%
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give &%$ % no " "
moer $
than 5)<'E
days' *% %
prior %$$
writtne $K
notice of B
the
tim e
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place K c i '* '
any *
publ dispoisonti of Coate ll rla
K $% or of th~ $"
7 7$
after
time 7$% chi <
wh any *%5$
private '* '$
disposit
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%
other $
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disposition '
'* '$ to
is $ made,
be "
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it +' commerlly
cia %'
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disclaim all warres anti
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:*
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t
6
149
9(
•- ·-.HO---
-·· ----
--·-·· - ----------------
6.04
I
9 F5% i
of 1'K
Waiver 7 Not
ce D%
and Heari.gn &0-1:20
GRANTO
R HER D/0/,A
EBY WAIF-+/4->>0+&D:4
VES ALL RIGHTS TO:2-?+Z->
A JU
AL
CIDI D/-0+1&
HEAR
NG I 26
OF
-1A.+1?
ANY KIND PR #0+20
ORI :2
TO :D/
THE /L/04/
EXERC
SE I ,A 4/0/?PARTY
BY SECURED #-0:A26
OF ITS RIGTHS :2
+:40+&D:4 TO #244/44+21
POSSESS
ON I OF :D/2>>-:/0->
26THE COL ATERAL
F+:D2:JUD
WITHOUT ?++->
AL
CI I #02/44OR
PROCESS 026
OF +:4 RIGHTS :2
ITS 0&D:4 TO 0/#>/A -::-D20
REPELYV, ATTACH >/FUPON
OR LEVY #21:D/2>>-:/0->
THE COLLATERA F+:D2A
L WITHOUT
PRIOR 12:+/
#0+20 NOT
CEI 20D/-01&
OR HEAR
NG. I
6.05
) # %
Power 7 of -$$ %<
Attorney . &% %
Granter
%< hereby '$'
des
gnitaes
and appoints 4%
** $'Secur #%$<
ed Party and its ''
$'designee s as ' "<=
attom y-e
in-
fact 7
$ of &" %
Granto , r %%5 <
irrevocab
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and $
wiht * %
power 7 of ''$
subtsitution , with aut
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hority, *
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occu rence
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nt of $Defau, t l $
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any $'
not,es *$'
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, s drafts , " <
monye ord ers, '$%"$'
%%'
instruments or other evid
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paym ent %or
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proce ds $ of $
the %
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$"<
that may com " e
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ured Party'
#$$<'s * '''' G
possession; N"'
to execute
$ proofs of "
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loss; to adjuts and
$ W'$
"*% "$'
comprom
es i < claims ';
any "' undre '%
insurace
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ci i
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and to *%7 %"
$ perf orm all $
%$' ''%<and
other acts necessary 5'
advisab
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Se eurcd Party
s ' sole
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discrteion
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carry $ and %
enforce thi s %"$
' agreemnet the
and Loan ? "$'
$
> Docum .ntse -C$'
All acts of 74%
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Party and its des''
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i '
in such
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*$< not
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liable for
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<$' K ""''
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'
* %
powre of %<
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nterest
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irrevoc
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so long as any
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cured 2 '
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i 5"
remain un *
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unp reformed or $
%
%there exi sts <
N'$' any ""$"$
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i by 4%
< Securde Party that
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$ ve %'
rise to <4%
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Obl
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i .
6.06
?R<
Deficiency . If+K the *"' 7
$
proceeds of, orKoth er %$
$
$ reazat
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*
the Collate
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5 7 $
exercise
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remedise
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to Se Party %
cured #%$< under Sec oni t
4
6.02 %
are '7R$
insuffiicent to
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er the costs
$
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and expen ses of '
exe
7such rcise
N%' $
*<"
and the payment
n +
i full the 4%
of
Secured 2$ '
Obliga
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%"
Granter shall remain C liab 7 %<
el for R<
any de
ency
fici to
$ the *% 5%
extent provided
$
N$$ under App-**>E
baclile Law.
-0:+>/
ART
CLE
I 7 X- 12:+/4
NOT
CESI
All $'
- not
ces
i , approvs, l a '$'
**% 5'E consents, and $
% """ '
other communi on
, s i ca
t %
undre this %"$
$
'agrem
nt
e BE1 E'C
("Notices "'$
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given i+ n
%
acco
danc
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with and
will besub ject to
'W$ $ the $$"'
$
terms and *% 5' '
prov
ons
si i of P
7 the Cred -%"$
1 $'
t i Agreement.
%$ "'$
Notices must mailed or
be " %del
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i ,
5%
i1
f
to &$ %
$ Grantor, $
%''
to the address
adjacent to &%$ %E'
Gra
s'ntro signatrue
'$5 below; 7
; if to 4"
$ Secured Party, to 9)
#%$<
$ 45 /
E. 05%
River #%!
Pakr #
Place We s,t Su
F'$ ite 507
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)
Fresno, -
6%' CA (8
9372,0 Att on
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-$$$ ; -6
Ag Finace
n gn ?*%$"$G
Closi
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$
case of <
any $
%
other Per os,n to
#% $ the '''"
$
address designat de
< that #%'
by C8K Person in a $
notice to &% %
$ Grantor 4%
and Sec ured #%$<
Party.
-0:+>/
ART
CLE
I 8I· +4/>>-1/24
MISCELLANEOUS
=
8.01
I
2$
% Acts. &% %
Other -'
Grantor shall coop
'
erate
*$$ $
4%
with Sec ured Party
#%$<for %the *%* ''
purpos se K of,
and perform
*%7 %"all
acts
$'wh
chi ma
"<
y
be ''%<
necess
rya or 5'
%advisabel $ *$
to perfect < any >
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7 % $
' %"$
s agr eem
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e or
%to carry $
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intent 7
of this agrem
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$
'"
#% "*<
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(but event
in no " %tha
5Kmore n ten
days) %
$<' after %Q'$
requset by 4%
<Sec ured #$$<
Party, &% %
Graer
nt will
execute , acknowl
N
dge
e
! del
and veri
5any
<
"$
documnet
4%
whihc Secure #<"'
d Party deems ''%<
necseary K or 5'
advisabel for these *%* ''
7 %$
' purposes ,
and will "
, on demand, pay*<any N*''
<expenses
i%%
ncured
r < by 4%
Secured Party in $
#%$<the *%*%$
pre
on,
para
it execonut i
N$
and fil ng
i 7
R any '
"$'
of < such docm u ents.
8.02
)
Entire -%"$
/$% :
%$
Agreement. The Cre
t id Agr e,eme
t n the
-%% other > ? "$'
$
%Loan Documne, st and
other
each (;%"$
agreem
nte or
%
]
instrumnte "
'$%"Kmade %
or $5'
entered $
into
in $
conn
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each 7 $
4%
of the Secre
ud Obligation
s
2$ ' (collectiv
,lye
B $5<
the
$
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dre 2$
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Documents
, ) " $5<
collect:yivel (i) %*%'$
B represent the$
'"
sum K
of $
%'$'
the under
tan
gs
in
sd
and agr%"$'
eement
s $
between Se Party
cured #<
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con cernin
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$
'%$G i) replace <
%*any *% %
prior %
oral or written %"'
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esm
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between Se Party
cured #%$< and Grantor
&% %concrning
e
%this
$
'cr
edit;
%$
(iii)
and are int
B+ ended
+$ <4%
by Secured #%$<
Party and &%" %
Grantro as the fina
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, l comp
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and N'55
exclusive statem nte K
'" of the
$
terms agreed to
$%"'% $ by
<
them.
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:
Sec
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urde 2$ Douc mnest also grant furt
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+
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$%
8.03
I
8 1
No F5%
Waiver % or Cure
. /
Each wai ver by
5% <4$
Secuer d #%$< Party mu "'$
st be in wri ting, and
%$
no wai ver
5% is to
' be cons
$ tur ed as
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a $
continu
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5%
1
No 5
waivre +' is to $
be impl edi from
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delay or failuer <
%7% 4%
by Sec ured #%$<
Party to $ take
!action
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$ 7any
<
default K of &%$
Grantor. '$
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by Sec ured #%$<
Party to any act
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K K onissi
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by Gran er
t "'K
mus t not $becon strued
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' consent to any $
%
$ < other
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or sub sequent $ act %
or "''
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waive the $
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$ obtned
ai in any
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;
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'$ The N%'
exercise < by 4%
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7< right % or %"<
remde y und %er $
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this ag 5"$
er etmen or the
% $
oth er Se
$
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4% Oblig
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-** >
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'
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% 5
or wai ve a %
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$ % notce
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Several 2$ '
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s " %$
7more
of Person
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, each &%$ %(a)B
! '
acknowl dges
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GRANTOR EXPRESSLY F-+/4
VESI -1AREQUIREMENT
ANY 0/U+0//1::D-: 4/0/?PARTY
THAT SECURED /LD-4:ANY
#-0:AEXHAUST -1A
0$D:
RIGHT, POWER #2F/020 OR 0//?A
REMEDY AND -1?#02//?
PROCEED AGAINST -&-+14::D/ THE OTHER &0-1:204UND
2:D/0GRANTORS 1?/0
RE :D+4
TH -&0///1:
SI AGREEMENT , OR 20ANY
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2:D/0 SECURED 2,>+&-:+21OBON
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#/0421UNDER -1AGU
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26 OR
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8.8
06 -
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8.07
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,
Binding /77$G 4'' %;and
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'agreement '
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prior %$$ '$of
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8.08
I
I 0
$'0"'
Rights "$5
and Remedies Cumu
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ati l All rem
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- B
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s agreement
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8.09 Severab ty.
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45 %N
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Any provision $of any 4%Obl
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Document wh
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8.10 -""$'
Amendments + F%$
in Writing. This agreement
:
' "<not
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8.11
IE & 5">
Governing Law. :
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Thsi agreement govern
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**<the
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7 % (the C& 5%
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'Governi >Stat
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8.12
I
/4?:U2
JUR
SDICT
ON
I I AND /1G
-VENUE &0-1:20IRREVOCABLY
. GRANTOR +00/2-,>AAGREES -&0//4THA :D-:
T, AT -:THE
:D/OP
2#:+21
TION OF 26
4/0/?
SECURED #-0:AE->>
PARTY, ALL ACTIONS -:+214, #02//?+1&4
PROCEED
NGS I 0 21:/0>-+4AR
OR COUNTERCLAIMS -0+4+1&
SING
I 2:OF
OUT 26OR 20RELATING
0/>-:+1&TO :2THIS
:D+4
-&0///1:
AGRE NT
M
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OR -1AANY 2:D/0
OTHER >2-1 LOAN ?2/1:
DOCUMENT WI F+>> ,/LIT
LL BE >+:+&-:/?
GAT
I DE IN :D/SUPERIOR
+1THE 4#/0+20COURT 20:OF 26CALI
->+6201+-
O
F RNIA,
60/412 21:A
FRESNO COUN TY, CALIFORN
->+6201+-
A, I 20:D/UNI
OR THE 1+:/? 4:-:/4DISTRICT
TED STATES ?+4:0+:CO 20:
R
U T FOR 620THE /-4:/01DIS
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TRIC
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->+6201+-O
CALIFORNIA . &0-1:20
GRANTOR IRREVO +00/2-,>A
ABLY
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CE 0+4?+:+21
, AND -1?VENU
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26THOS E CO20:4
URTS
620
FOR ALL 4D
->>SU CH AC -:+214
TIONS , #02//?+1&4
PRO NGS
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AND COUNTERCLAIM S AND-1?WAIVES
F-+/4AN -1A 2:D/0VENUE
Y OTHER /1/TO :2WHFD+D
CHI IT
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MIGHT ,/BE /1:+:>/?
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BY VI+0:/ ?2++>/
OF DOMICILE , HABITUAL 0/4+?/1/
D-,+:->RESIDENC E OR 20OTHERWI
2:D/0F+4/. ES ?&/1:
6+1->JUDGM
FINAL TNE -&-+14:
AGAINST
&0-1:20
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IN ANY -:+21
SUCH ACTION , SUIT 20PROC
4+:OR #02//?+1&
NGED
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SHALL 21>4+/
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EVIDENCE OF 26THE:D/JU DGMENT 20
?&/1: OR I+1
N ANY 2:D/0-11/0
-1OTHER MANNER PRO #02+?/?
VIDED BY ,ALAW>-F
&0-1:20
. GRANTOR
+00/2-,>A
IRREVOCABLY WA F-+/4
VESI :2TH
TO :D/ FULLEST /L:/1:
E 6>>/4: EXTENT PERM #/0::/?
TIEDI ,A>-F(A)
BY LAW -1AOBJECT
B-ANY 2,/:+21
ON I FD+DIT
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NOW 20OR +1
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:D/ FUTURE TO :2THE:D/VENU E 26
/1/ OF AN -1A 4DACT
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THE 6+04: SENTENCE -,2/G ABOVE; (B) -1A
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LOAN ?2/1: FROM -1A
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THIS -&0///1: ANY 2:D/0
OR -1A OTHER >2-1
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DOCMU ENT TO #24:
:2 SECURITY 620
POST 4/0+:A THE 24:4
FOR :D/ COSTS 26 GRANTOR 20
OF &0-1:20 OR :2 #24:A-,21?
TO POST BOND 20OR :2
TO :-./
TAKE 4++>-0
SIMILAR -:+21
ACT
ON.I
8.13
8
8 $"
Counterpart /N
Execution. :
'
Th agreement "<
si %"$ may
be N$in $%*%$'
executed counterparts
,
of
each 7wh
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an '
original
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all K
of wh
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% %"
together are deemed
one the '"
and $
same '%"$
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8.14
8
9 '"
Necessary -
Act
on.
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Secured #$$<
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any "5
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effectuate this agreement and B
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the cons
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the $%'$ ' contm
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8.15
I
) %$ Report. 4%
Credit 0* %$
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%
autohrized to %%
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credit %* %$ and 5%7<
verify
all $
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other %$
credit 7 %"
informat
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includ
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standard %7%'
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from time to "
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the %$ %$
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7Grantor . F
Without
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copy 7 the '$
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8.16
I
1
No '$% Against ?"%
Construction -'Y Drafter. /
Party
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Each #%$< has **
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and %7$
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ambig ity or
u %a Q'$
question 7
of $$
intent %
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this %"$
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' agreemt ne to
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as 7
if the esi
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$
#%$' had %7$
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as opp osed $ being '$%
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7this
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8.17
I
F-+/0
WAIVER 26 AL ,A
OF :0+->
TRI JURY. :D/
BY 0A
THE #-0:+/4
PARTESI B- COVENANT AND -&0//
(A) 2/1-1:-1? AGREE 12: NOT :2 ELECT -
TO />/: A :0+->
TR
AL
I ,A
BY
0A IN -1A
JURY +1 ACTION 20
ANY -:+21 OR #02//?+1&
PROCEED
NG I 620
FOR :D/ RESOLUTION 26
THE 0/42>:+21 OF -1A CONTROVERSY 0
ANY 21:02/04A M I :D-:
OR >-+
CLA THAT -0+4/4
AR
SES
I
2: OF 20
OUT 26 OR 0/>-:/4
RELATES :2; (I) :D+4
TO: B+ TH AGREEMENT; 20
SI -&0///1:; OR B -1A>2-1
(li) ANY DOCUMENT, FD/:D/0
LOAN ?2/1:
WHETHER -0+4+1&
AR
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IN CONTRACT,
TORT 20
:20: OR ,A
BY 4:-::/
STATTE
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(INDUALLY
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ANO 2>>/:1/>A A C21:02/04A
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EXTENT #/0+::/?
PERMTTED
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BY -##>+-,>/
APPLICABLE >-F LAW,D/0/,A
HEREBY +00/2-,>A
IRREVOCABLY F-+/ WAIVE ALL RIGTH :2
->>0+&D: TO -
A :0+->
TRAL
I ,A
BY 0A IN -1A
JURY 1 ANY
21:02/04A
CONTRO ERSY
V 20 M I :2
OR >-+
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THE /L:/1: 4D0+&D:
EXTENT SUCH RIGHT /L+4:4
EX
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I 12F
NOW 20 IN :D/
OR +1 FUTURE. :D/
THE 6:0/
THE #02+4+214
PRO
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IVI
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:D+4
TH 4/:+21ARE
SI SECTION -0/4/#-0-:/>A
SEPARATELY &+/1GIVEN ,A
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MATER
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INDUCEMENT 620
+1?//1: THE 4/0/?
FOR :D/ SECURED #-0:A
PARTY /1:/0+1&
ENTER
NG I INTO :D/
+1:2 THE 0/?+: AGREEMENT -1?
CREDIT -&0///1: ANO 2:D/0
OTHER >2-1LOAN
?2/1:4
DOCUMENTS .
SIGNATURES 21
4+&1-:0/4ON :D/ O ING #-&/
THE 62>>2F+1&
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&% %
Grantor '
is ' this %"$
signing $
' effective '
agreement R$5 as 7
of $
day
the <and <%
year R%'$ written 5
first % above.
&0-1:20
GRANTOR
-%''
Address 7 %
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for $';
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U.S.C.
eI
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seq
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ptur %% %$
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<Secu ed
r Party in+
#%$<
EXHIBIT M 158
$ with
connection <'
$
any %'"''
such rescission %%'$ %$ %:
or restoration, including any '
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<such N*''
costs and %%
expenses incurred in 7agains
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similar ZE
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1.03
8 "" . :
2$
Continuing Obligation The oblig
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provid
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$
'Article $continuing
$obliga
ons
ti
$ 'shall
and apply
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all Secured Obligat
onsi R
(as defin
B' herein)
5%
de
%whenever ari
ng
si .
'
1.04 #
Perfection
.
(a)
B &% %
Grantor sh
all pr
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omptly from
*% "*$< 7% "tim $"
e to $ tim
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N$
give, execute , deliver , file,
5%E R record
% % , authori ez or
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her
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emnest $$
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amendment s to $ <any ofthe foregoing
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7 %
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+the '"manner
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, including
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'4% Party may "<%' <
reasonably request , all
%Q'$
in %' detail.
reasonable $
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B &" %
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'
$ %'%
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7
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-0:+>/2·=4/0/?
ARTICLE 2,>+&-:+214
SECURED OBLIGATIONS
Thi
:
' s %"$
agret nem $ '%
is to
' the
secur,e and
$%
Coll
ealrt i'
s '%$<
security for,
7 %E the *% "*$and
$
prompt complete *<"
"*$$paym nt
e and performance
*%7 %"in+
full
7 when due
$
%
, whe ther at Kstat ed maturity
'$$ "$%$<, <
by requ
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%Q% prepyamen
*%*<"$
t, de claration, acce erat
on,
li
%$
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"or
demand
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%otherwise (includng i
B"the
$
*<"$
paymtne " $'that
of amounts
woul d "
become due but$for %the *%
$
ope ar tion of $
auto
the ma
cti
% stay %
'<und er Sec tion 362
4$ (a) of
8B 7the
$
Bankrupt cy
,!%*<
Code, 11 8
U.S.C. §362(a) B
e8B (and any <su''' %
ccessor *% 5'
prov
on is +
% "
the reoñ) 7of the
following (collect
vely
i,
B $5<
the ]4%Ob
$
'Secured igations
l '
2 ' ) inany
<
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%% of *% %$<
prior
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';
choos:e
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B all Obligat
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as defined in
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$
Cr
%$ -%"$
edit Agreet,nm
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'
$$
date of thi
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$
' %"$
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fro &%$ %
m Gran $ 4%
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#%$<in
+the " $of
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$
%$*%* $500
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KKK (th E;
e "Note
BE
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(b)
B '
all oblgation
i s &%"Kund
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oth > Doc
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% ? "$'G
um
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advace
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n ord er to *%'%5
$ pre $
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serve the ; eral
$%G
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B $K $ ' &% %$ 4%#<
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all obliga
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ti of Grantorto Secur de Party, whethre exist
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t
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'$'
-0:+>/38-=&0-1:20
ARTICLE GRANTOR 0/#0/4/1:-:+214
REPRESE
NTATIONS
3.01
8
0%'" '
Repre
ent
stion
a. s &%$ %
Gra
ertn represe
tsn
%*%'$'
an %%$'
d warran
s t to 4%
Sec #<that
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$
:* ""
Triple V5Da
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$500k RL
OC 2013
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4""< -""
Security Agre
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2
159
)(
(a)
B $
full
the $ and %%$
correct name, B
legal "
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of %$
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of $
date
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next Grantor
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signature this %"$G
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B Grantor
'
&%E % has K (i) '
not B+ used < trade "
any $% assumed "
name, ''" name or $
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%other name N*$
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s ' "
name '$$
stated
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t *%%*
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formation
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,
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interest of $
any 7the $%
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pending %threat
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violations 7 Applicable >';
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5
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in upon *% *%
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filing of < UCC Financing 4$"$
1- 6 Statement +
in the office K
of $
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7 Stat,e N$
execution of < control %"$
any $% agreement or del
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3.02
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lnfonnation -%$
7 "$ and "$"
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-0:+>/4 H
E 9
ARTICL GRANTOR 2/1-1:4
- &0-1:?0COVNANTS
E
$ '
$"' 4%2$ '
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 to "!
make
addiitonal > ';
$ Loans:
(a)
B &%" %'
Granter shall '
cause ess ''"$
N*%''
an expr assignment 7 milk
!'
of "!checks to $ filed $
be R with $
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provide that milk "'
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shall B
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proper
y l *%'%5 maintain
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