7.1. EDSR 12-21-2020 - Laserfiche WebLink

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restates the terms of the Original Entity Guaranty; (vi) a First Amendment to Environmental Indemnification Agreement, dated as of the date hereof (the “First Amendment to Environmental Indemnification”), between the Borrower and the Secured Party which amends and supplements the terms of the Original Environmental Indemnification; and (vii) a First Amendment to Mortgage and Assignment of Rents and Security Agreement and Fixture Financing Statement, dated as of the date hereof (the “First Amendment to Mortgage”), between the Borrower and the Secured Party, which amends and supplements the Original Mortgage (collectively, the “Amendment Documents”). To continue to secure the Loan and to evidence the amendment to the Loan andD. the Amendment Documents, the Borrower has agreed to execute and deliver to the Secured Party this First Amendment to Security Agreement. AGREEMENT In consideration of the above recitals, and the promises set forth in this First Amendment to Security Agreement, the parties agree to amend the Original Security Agreement as follows: Amendments to Original Security Agreement. Section 1 of the Original Security1. Agreement is hereby deleted and replaced in its entirety with the following: 1.OBLIGATIONS.“Obligations” means collectively each debt, liability and obligation of every type and nature which Scott Morrell, LLC, a Minnesota limited liability company (“Borrower”) may now or at any time hereafter owe to Secured Party (including without limitation the obligations created under the Original Loan Agreement as amended by the First Amendment to Loan Agreement (together, the “Loan Agreement”) and the Original Note as amended by the Amended and Restated Promissory Note to Secured Party of even date herewith and all amendments, replacements, restatements, and substitutions therefore), together with Morrell Oversize’s obligations to Secured Party pursuant to the Original Entity Guaranty as amended by the Amended and Restated Entity Guaranty, of even date herewith, whether now existing or hereafter created or arising, and whether direct or indirect, due or to become due, absolute or contingent, and the repayment or performance of any of the foregoing if any such payment or performance is at any time avoided, rescinded, set aside, or recovered from or repaid by Secured Party, in whole or in part, in any bankruptcy, insolvency, or similar proceeding instituted by or against Borrower, Morrell Oversize or any guarantor of any Obligation, or otherwise, including but not limited to all principal, interest, fees, expenses and other charges. Fees and Costs. The Borrower agrees to pay all costs related to the amendment to the2. Loan and any documents executed, delivered, and recorded, if necessary, in connection thereto. Confirmation of Security. Unless specifically amended herein, all terms of the3. Original Security Agreement are unchanged, remain in full force and effect,and are incorporated herein by reference. 2 EL185\33\693032.v2