US.356402561.09 SIXTH AMENDMENT TO CREDIT AGREEMENTS This Sixth Amendment to Credit Agreements (this “Amendment”) is entered into as of March 28, 2023 by and among Local Bounti Operating Company LLC, a Delaware limited liability company and successor...Credit Agreement • March 31st, 2023 • Local Bounti Corporation/De • Agricultural production-crops • New York
March 28, 2023Agreement to Vote Shares of Common Stock • March 31st, 2023 • Local Bounti Corporation/De • Agricultural production-crops
The undersigned understands that Local Bounti Corporation, a Delaware corporation (the “Company”), Cargill Financial Services International, Inc. (“Cargill”) and certain subsidiaries of the Company, are entering into that certain Sixth Amendment to Credit Agreements dated as of the date hereof (the “Amendment”), pursuant to which Cargill has agreed to amend its existing credit facilities with the Company. In connection with the Amendment, the Company has agreed to issue to Cargill a warrant (the “Warrant Issuance”) to purchase up to 69,600,000 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”). All capitalized terms used in this letter agreement but not defined in this letter agreement shall have the meanings given such terms in the Amendment.
