COLLATERAL AGREEMENTCollateral Agreement • March 5th, 2013 • Leucadia National Corp • Meat packing plants • New York
For value received, and in consideration of one or more loans, letters of credit or other financial accommodations extended by JPMORGAN CHASE BANK, N.A. or any of its subsidiaries or affiliates (the "Bank"), to the undersigned and/or Ian Cumming (the “Obligor”, and, if more than one, collectively, the “Obligor”), the undersigned and the Bank agree as follows:
Promissory Note and Collateral AgreementPromissory Note and Collateral Agreement • March 5th, 2013 • Leucadia National Corp • Meat packing plants • New York
FOR VALUE RECEIVED, Borrower hereby promises to pay on the Maturity Date to the order of CREDIT SUISSE AG, acting through its New York Branch (or any other branch or office thereof) (“CSNY”) and any of its Affiliates (collectively with CSNY, “Lender”) at its office located at Eleven Madison Avenue, New York, NY 10010 (or such other office as Lender shall notify Borrower) the principal sum equal to the then outstanding and unpaid principal amount hereof, and to pay interest on the unpaid principal amount hereof from time to time outstanding until paid in full at the interest rates, in each case at the times and in the manner provided for herein. If there are multiple Borrowers, each reference to “Borrower” herein shall be a reference to each Borrower individually and to all Borrowers, collectively, as the context may require, and each Borrower shall be jointly and severally liable for all Obligations (as defined below) hereunder.
