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Exhibit 10.37(1)
 
EXECUTION VERSION
 
AMENDMENT NO. 1 TO
INVESTMENT AGREEMENT
 
This Amendment No. 1 (this “Amendment”) to the Investment Agreement dated as of
November 7, 2012 (the “Investment Agreement”) is made as of the 11th day of
March, 2013, and, solely with respect to Section 2, to be effective as of the
Effective Time (as defined below) by and among Pulse Electronics Corporation,
Pulse Electronics (Singapore) Pte. Ltd. and OCM PE Holdings, L.P.

RECITALS:

The parties entered into the Investment Agreement as of November 7, 2012.
 
The parties now wish to amend the Investment Agreement in the manner set forth
in this Amendment.
 
NOW, THEREFORE, the parties hereto agree as follows:
 
SECTION 1.  Capitalized Terms.  Capitalized terms used herein and not defined
shall have the meanings ascribed to such terms in the Investment Agreement.
 
SECTION 2.  References to 64.3795%.  All references to the number “64.3795%” in
the Investment Agreement are hereby changed to “67.9”%.
 
SECTION 3.  Proxy Statement; Effective Time.  The Company shall include in its
proxy statement and related materials (the “Proxy Statement”) in respect of its
annual general meeting of shareholders in 2013 (the “2013 Meeting”) a proposal
requesting that the Company’s shareholders approve Section 2 of this
Amendment.   The Company shall provide the Investors with a reasonable
opportunity to review and comment on such Proxy Statement, and such Proxy
Statement shall be in a form reasonably acceptable to the Investors prior to its
filing with the SEC.  The Company shall hold the 2013 Meeting no later than May
17, 2013, it being understood and agreed that the Company shall be permitted to
postpone or adjourn the 2013 Meeting if such postponement is required to allow
reasonable additional time for the filing and mailing of any supplemental or
amended disclosure (x) which the SEC or its staff (or the NYSE or its staff) has
instructed the Company is necessary under Law or stock exchange rules or (y) in
consultation with the Investors, as required under Law or stock exchange rules
for any supplemental or amended disclosure to be disseminated and reviewed by
the holders of Common Stock prior to the 2013 Meeting.  Assuming the approval by
the Company’s shareholders at the 2013 Meeting of Section 2 of this Amendment,
Section 2 of this Amendment shall be effective as of the time immediately
following such approval (the “Effective Time”).
 
 
 

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2
 
SECTION 4.  Termination.  The termination of this Amendment shall require the
mutual written consent of the Company and the Investors.
 
SECTION 5.  Voting Agreement.  The Company will enforce the terms of that
certain Voting and Support Agreement, dated the date hereof, in the form
attached hereto as Exhibit A.
 
SECTION 6.  Stockholder Vote.  The Company represents and warrants to the
Investors that the affirmative vote of at least a majority of the votes cast by
the holders of outstanding Common Stock entitled to vote thereon and outstanding
Parent Preferred Stock, voting as separate classes, are the only votes of
holders of securities of the Company that are necessary to approve and adopt
Section 2 of this Amendment, and the Investors shall have the right to vote all
of the shares of Common Stock and Parent Preferred Stock held by the Investors
to approve and adopt Section 2 of the Amendment at the 2013 Meeting (or in
connection with any written consent with respect to the approval and adoption of
Section 2 of this Amendment by shareholders of the Company in lieu of a vote
thereon).
 
SECTION 7.  The Investors agree that they shall vote all of the shares of Common
Stock and Parent Preferred Stock held by them in favor of adoption of Section 2
of this  Amendment at the 2013 Meeting (or in connection with any written
consent taken prior to the 2013 Meeting with respect to the approval and
adoption of Section 2 of this Amendment by shareholders of the Company in lieu
of a vote thereon).
 
SECTION 8.  Limited Amendment.  As of the date hereof and upon the Effective
Time, except as specifically amended or supplemented hereby, the Investment
Agreement shall continue in full force and effect in accordance with the
provisions thereof as in existence on the date hereof.  From and after the date
hereof, any reference to the Investment Agreement shall mean the Investment
Agreement as amended hereby.
 
[Signature pages follow]
 
 
 

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IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the day
and year first above written.
 

 
PULSE ELECTRONICS CORPORATION
     
by
   
/s/ Drew A. Moyer
   
Name:           Drew A. Moyer
   
Title:Senior VP & CFO

 

 
PULSE ELECTRONICS (SINGAPORE) PTE. LTD.
     
by
   
/s/ Drew A. Moyer
   
Name:           Drew A. Moyer
   
Title:             Director

 
 

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OCM PE HOLDINGS, L.P.
 
 
By: Oaktree Fund GP, LLC
Its: General Partner
 
By: Oaktree Fund GP I, L.P.
Its: Managing Member
 
By:
   
/s/ Ken Liang
   
Name: Ken Liang
   
Title: Authorized Signatory

       
By:
     
/s/ Edgar Lee
   
Name:  Edgar Lee
   
Title:   Authorized Signatory

 
 
 

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Exhibit A
Voting and Support Agreement
 
 

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