Exhibit 4.5.3
AMENDMENT
TO
COMMERCIAL SECURITY
AGREEMENT
THIS AMENDMENT TO COMMERCIAL
SECURITY AGREEMENT, dated
as of March 31, 2009 (this “ Amendment ”), is
entered into as of July 20, 2009 by and between UNION STATE BANK
OF EVEREST DBA BANK OF ATCHISON USB , as Bank (the “
Bank ”) and MGP INGREDIENTS, INC. a Kansas corporation
(the “ Borrower ”).
RECITALS
A.
The Borrower and the Bank have
entered into that certain Commercial Security Agreement dated as of
March 31, 2009 (as amended or otherwise modified, the “
Security Agreement ”).
B.
The Borrower and the Bank desire to
amend the Security Agreement to clarify the collateral
description.
C.
Subject to the representations and
warranties of the Borrower and upon the terms and conditions set
forth in this Amendment, the Bank is willing to grant such
amendment as more fully set forth herein.
AGREEMENT
NOW, THEREFORE
, in consideration of the foregoing
Recitals, and other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, and intending to be
legally bound, the Borrower and the Bank hereby agree as
follows:
SECTION 1.
DEFINED TERMS.
Capitalized terms used herein but
not otherwise defined herein shall have the meaning assigned to
such terms in the Security Agreement.
SECTION 2.
AMENDMENTS.
2.1
The Property Description of the
Property subject to the security interest of the Bank under the
Security Agreement is amended and restated to read as
follows:
The Property consists of the
following:
(1) All equipment, machinery, furniture and
fixtures and parts accessories located in the Flour Mill at 1100
Main Street, Atchison Kansas (which real property is legally
described in Schedule B hereto) and the Manufacturing building at
210 S. Leonard Street, Onaga, Kansas (which real property is
legally described in Schedule B hereto), whether now owned or
existing or hereafter acquired or arising, including the property
listed in Schedule A hereto, an
