Exhibit 4
SEVENTH
AMENDMENT
TO
LINE
OF CREDIT LOAN AGREEMENT
THIS SEVENTH
AMENDMENT TO LINE OF CREDIT LOAN AGREEMENT (“Seventh
Amendment”) is dated February 6, 2008, by and between M
G P INGREDIENTS, INC. (“Company”) and COMMERCE BANK,
N.A. (“Bank”).
WHEREAS, Company
and Bank entered into that certain Line of Credit Loan Agreement
dated November 25, 2003, as amended pursuant to (i) that
certain First Amendment to Line of Credit Loan Agreement dated
September 17, 2004, (ii) that certain Second Amendment to
Line of Credit Loan Agreement dated as of November 30, 2004,
(iii) that certain Third Amendment to Line of Credit Loan
Agreement dated as of September 9, 2005, (iv) that
certain Fourth Amendment to Line of Credit Loan Agreement dated as
of June 30, 2006, (v) that certain Fifth Amendment to
Line of Credit Loan Agreement dated as of December 28, 2006,
and (vi) that certain Sixth Amendment to Line of Credit Loan
Agreement dated as of July 5, 2007 (as previously amended, the
“Loan Agreement”); and
WHEREAS, Company
desires to increase the maximum principal amount available under
the Line of Credit, and to modify the permitted purposes for
borrowing under the Line of Credit, all as hereinafter set
forth.
NOW, THEREFORE,
Company and Bank agree as follows:
1.
Terms used herein, which are defined in the Loan Agreement, shall
have the meanings given to them in the Loan Agreement.
2.
Section 1.1 of the Loan Agreement is hereby amended to read in
its entirety as follows:
Subject to the terms of
this Agreement, Bank will lend Borrower, from time to time until
the termination hereof, such sums as Borrower may request, in
minimum increments of $100,000, which shall not exceed in the
aggregate principal amount at any one time outstanding the sum of
Thirty Million Dollars ($30,000,000).
3.
The first sentence to Section 1.3 of the Loan Agreement is
hereby amended to read in its entirety as follows:
The Line of Credit
shall be evidenced by the Sixth Amended and Restated Line of Credit
Note in form and substance acceptable to Bank (the “Line of
Credit Note”).