Oaxaca Group L.L.C. New York, NY 10014 March 21, 2016Janel Corp • March 25th, 2016 • Services-business services, nec • New York
Re: Subscription Agreement (this “Agreement”) for the Purchase of Series C Cumulative Preferred Stock of Janel Corporation
EMPLOYMENT AGREEMENTEmployment Agreement • March 25th, 2016 • Janel Corp • Services-business services, nec • Indiana
THIS EMPLOYMENT AGREEMENT is made as of the 21st day of March, 2016, by and between Kris B. Wilberding, residing at 5105 Creekwood Dr., Greenville, Indiana 47124 (hereinafter referred to as the “Executive”), and INDCO, INC., a Tennessee corporation (hereinafter referred to as the “Company”).
CREDIT AGREEMENT dated effective as of February 29, 2016 between INDCO, INC., as the Borrower and FIRST MERCHANTS BANK, NATIONAL ASSOCIATION, as the LenderCredit Agreement • March 25th, 2016 • Janel Corp • Services-business services, nec
THIS CREDIT AGREEMENT dated effective as of February 29, 2016 (this “Agreement”) is entered into between INDCO, INC., a Tennessee corporation (the “Borrower”), and FIRST MERCHANTS BANK, NATIONAL ASSOCIATION (the “Lender”).
STOCK PURCHASE AGREEMENT by and among JANEL CORPORATION, indCo, inc., and tennessee valley ventures ii, l.pStock Purchase Agreement • March 25th, 2016 • Janel Corp • Services-business services, nec • Indiana
This STOCK PURCHASE AGREEMENT (this “Agreement”) is dated as of March 21, 2016, by and among JANEL CORPORATION, a Nevada corporation (the “Buyer”), INDCO, INC., a Tennessee corporation (the “Company”), and Tennessee Valley Ventures II, L.P., a Delaware limited partnership (“TVV”). Certain terms used in this Agreement are defined in Section 7.6 hereof. An index of defined terms used in this Agreement is attached as Annex A hereto.
SECURITY AGREEMENTSecurity Agreement • March 25th, 2016 • Janel Corp • Services-business services, nec
SECURITY AGREEMENT, dated effective as of February 29, 2016, between INDCO, INC., a Tennessee corporation (the “Company”), and FIRST MERCHANTS BANK, N.A., a national banking association (the “Lender”).
ContractSubordination Agreement • March 25th, 2016 • Janel Corp • Services-business services, nec • Indiana
THIS AGREEMENT OR INSTRUMENT AND THE OBLIGATIONS AND RIGHTS EVIDENCED HEREBY ARE SUBORDINATE IN THE MANNER AND TO THE EXTENT SET FORTH IN THAT CERTAIN DEBT SUBORDINATION AGREEMENT DATED EFFECTIVE FEBRUARY 29, 2016 BY FIRST MERCHANTS BANK IN FAVOR OF PRESIDENTIAL FINANCIAL CORPORATION (THE “SUBORDINATION AGREEMENT”) TO THE “SENIOR DEBT” (AS DEFINED IN THE SUBORDINATION AGREEMENT), AND EACH PARTY TO OR HOLDER OF THIS AGREEMENT OR INSTRUMENT, BY ITS ACCEPTANCE HEREOF, IRREVOCABLY AGREES TO BE BOUND BY THE PROVISIONS OF THE SUBORDINATION AGREEMENT.
