Exhibit 10.23

FOURTH AMENDMENT TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT

This FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as
of February 26, 2018 (this “Fourth Amendment”) is made by and among NOVANTA
CORPORATION, a Michigan corporation (the “Lead Borrower”), NOVANTA UK
INVESTMENTS HOLDING LIMITED, a private limited company incorporated in England
and Wales (the “U.K. Borrower”), Novanta Europe GmbH, a limited liability
company (Gesellschaft mit beschränkter Haftung) formed and existing under the
laws of Germany (the “German Borrower” and jointly and severally together with
the Lead Borrower, collectively the “Borrowers”), NOVANTA INC., a company
continued and existing under the laws of the Province of New Brunswick, Canada
(“Holdings”), each of the Subsidiaries of Holdings listed under the caption
“GUARANTORS” on the signature pages hereto (each a “Guarantor” and collectively
the “Guarantors”), each lender party hereto (collectively, the “Lenders” and
individually, a “Lender”) and BANK OF AMERICA, N.A., as Administrative Agent (in
such capacity, the “Administrative Agent”), Swing Line Lenders and L/C Issuer.

WHEREAS, the Borrowers, the Lenders and the Administrative Agent are parties to
that certain Second Amended and Restated Credit Agreement dated as of May 19,
2016, as amended by that certain First Amendment to Second Amended and Restated
Credit Agreement dated as of December 22, 2016, as further amended by that
certain Joinder, Assumption and Amendment Agreement dated as of May 30, 2017, as
further amended by that certain Third Amendment to Second Amended and Restated
Credit Agreement dated as of August 1, 2017 (as so amended and further amended
and in effect, the “Credit Agreement”), pursuant to which the Lenders have
agreed to make certain financial accommodations to the Borrowers.  

WHEREAS, the Borrowers, Guarantors, Holdings, the Lenders and the Administrative
Agent wish to amend the Credit Agreement in certain respects, all on the terms
and conditions hereinafter set forth;

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
herein contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties signatory hereto agree
as follows:

1.Definitions.  Except as otherwise defined in this Fourth Amendment, terms
defined in the Credit Agreement are used herein as defined therein.

2.Amendments to Credit Agreement.  Subject to the satisfaction of the conditions
precedent specified in Section 3 below, the undersigned Lenders hereby agree
that, effective as of the date hereof, Section 1.01 of the Credit Agreement
shall be amended as follows:

(a)The definitions of “Consolidated EBITDA”, “Letter of Credit”, “Letter of
Credit Sublimit” and “Loan Documents” in Section 1.01 of the Credit Agreement
shall be amended by deleting the definitions thereof in their entirety and
inserting the following definitions in their stead:

 

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“Consolidated EBITDA” means, for any period, for Holdings and its Subsidiaries
on a consolidated basis, an amount equal to Consolidated Net Income for any
Measurement Period plus (a) the following to the extent deducted in calculating
such Consolidated Net Income with respect to such period: (i) Consolidated
Interest Charges and, to the extent not reflected in such Consolidated Interest
Charges, (A) fees, expenses and charges incurred in respect of financing
activities (including commissions, discounts and closing fees) during such
period and (B) payments made in respect of Swap Contracts permitted hereunder
entered into for the purpose of hedging interest rate or currency exchange rate
risk during such period; (ii) the provision for federal, state, local and
foreign income and other similar taxes for such period, including all taxes
reported as “income taxes” on Holding’s consolidated financial statements for
such period; (iii) depreciation and amortization expense for such period; (iv)
unusual or non-recurring charges, including (x) restructuring charges from
ongoing operations and divestitures in an amount not to exceed $15,000,000 in
the aggregate during any Measurement Period, (y) restructuring charges, fees,
expenses and charges incurred in respect of acquisitions, equity issuances,
indebtedness and investments (whether or not consummated), for which consent
from Lenders is not otherwise required under the terms of this Agreement in an
amount not to exceed $15,000,000 in the aggregate during any Measurement Period
(provided that the sum of add-backs taken pursuant clause (iv) (x) and (y) in
any Measurement Period shall not exceed 25% of Consolidated EBITDA for such
period) and (z) following a Permitted Acquisition, the amount of run-rate cost
savings and synergies (for the avoidance of doubt, synergies shall not include
new revenues) projected by the Borrowers from action taken or expected to be
taken during the 12-month period following the date of such Permitted
Acquisition, net of the amount of actual benefits theretofore realized during
such period from such actions; provided that (1) such amounts are reasonably
identifiable, quantifiable and factually supportable in the good faith judgment
of the Borrowers and the Administrative Agent, (2) such run-rate cost savings
and synergies are directly attributable to such Permitted Acquisition, (3) no
amounts shall be added pursuant to this clause to the extent duplicative of any
amounts that are otherwise added back in computing Consolidated EBITDA, whether
through a pro forma adjustment or otherwise, with respect to such period and (4)
the aggregate amount of run-rate cost savings and synergies added pursuant to
this clause (z) for any such Measurement Period shall not exceed $5,000,000; (v)
Non-Cash Charges minus (b) without duplication and to the extent included in
determining Consolidated Net Income for such period, (i) non-cash income or
gains, all as determined in accordance with GAAP and (ii) earnings from equity
method investments less the aggregate amount of cash actually distributed by
such Person during such Measurement Period to Holdings or a Subsidiary as
dividend or other distribution.

“Letter of Credit” means any standby or commercial letter of credit issued
hereunder and shall include the Existing Letters of Credit.  Letters of Credit
may be issued in Dollars or in an Alternative Currency.

“Letter of Credit Sublimit” means an amount equal to $20,000,000.  The Letter of
Credit Sublimit is part of, and not in addition to, the Revolving Credit
Facility.

“Loan Documents” means, collectively, (a) this Agreement, (b) the Notes, (c) the
Guaranty (including the Holdings Guaranty), (d) the Collateral Documents, (e)
the Fee Letter, (f) each Issuer Document; (g) the First Amendment dated as of
December 22, 2016, the Joinder and Amendment dated as of May 30, 2017, the Third
Amendment dated as of August 1,

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2017 and the Fourth Amendment dated as of February 26, 2018 and (h) any
agreement creating or perfecting rights in Cash Collateral pursuant to the
provisions of Section 2.17 of this Agreement.

(b)Section 7.02 of the Credit Agreement (Indebtedness) shall be amended by
amending and restating subsections (f), (n) and (o) in their entirety as
follows:

“(f)Purchase Money Indebtedness and Attributable Indebtedness in respect of
Capitalized Leases, Synthetic Lease Obligations and purchase money obligations
for fixed or capital assets within the limitations set forth in Section 7.01(i);
provided, however, that the aggregate amount of all such Indebtedness (other
than in respect of Capitalized Leases for real property (if capitalization of
such leases arises under GAAP)) at any one time outstanding shall not exceed
$10,000,000;”

“(n)other unsecured Indebtedness of the Loan Parties in an aggregate principal
amount not to exceed $5,000,000 at any time outstanding; and”

“(o)other Indebtedness of Subsidiaries that are not Loan Parties in an aggregate
principal amount not to exceed $30,000,000 at any time outstanding.”

(c)Section 7.03 of the Credit Agreement (Investments) shall be amended by
amending and restating subsection (c), clause (iv) of subsection (j) in their
entirety as follows:

“(c) (i) Investments by Holdings and its Subsidiaries in their respective
Subsidiaries outstanding on the date hereof, (ii) additional Investments by
Holdings and its Subsidiaries in Loan Parties (other than Holdings), (iii)
additional Investments by Subsidiaries that are not Loan Parties in other
Subsidiaries that are not Loan Parties and (iv) additional Investments by the
Loan Parties in wholly-owned Subsidiaries that are not Loan Parties in an
aggregate amount invested at any one time outstanding not to exceed
$30,000,000;”

“(iv)(A) immediately before and immediately after giving Pro Forma Effect to any
such purchase or other acquisition, no Event of Default shall have occurred and
be continuing and (B) immediately after giving effect to such purchase or other
acquisition, (x) Holdings and its Subsidiaries shall be in Pro Forma Compliance
with all of the covenants set forth in Section 7.10, such compliance to be
determined on the basis of the financial information most recently delivered to
the Administrative Agent and the Lenders pursuant to Section 6.01(a) or (b) as
though such purchase or other acquisition had been consummated as of the first
day of the fiscal period covered thereby and (y) the Consolidated Leverage Ratio
for the twelve-month period ended as of the end of the most recent fiscal
quarter for which financial statements have been delivered pursuant to Section
6.01(a) or (b) shall be no more than 3.00 : 1.00 (or, in connection with a
Designated Acquisition or during the four (4) consecutive quarters

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following a previously consummated Designated Acquisition, 3.50 : 1.00)
calculated as though such purchase or other acquisition had been consummated as
of the first day of the fiscal period covered thereby; and”

(d)Section 7.06 of the Credit Agreement (Restricted Payments) shall be amended
by amending and restating subsection (h) in its entirety as follows:

 

“(h)

Holdings, each Borrower and each Subsidiary may make repurchases of their Equity
Interests so long as (A) immediately before and immediately after giving Pro
Forma Effect to any such repurchase, no Event of Default shall have occurred and
be continuing and (B) immediately after giving effect to such repurchase, (x)
Holdings and its Subsidiaries shall be in Pro Forma Compliance with all of the
covenants set forth in Section 7.10, such compliance to be determined on the
basis of the financial information most recently delivered to the Administrative
Agent and the Lenders pursuant to Section 6.01(a) or (b) as though such
repurchase had been consummated as of the first day of the fiscal period covered
thereby and (y) the Consolidated Leverage Ratio for the twelve-month period
ended as of the end of the most recent fiscal quarter for which financial
statements have been delivered pursuant to Section 6.01(a) or (b) shall be no
more than 3.00 : 1.00 calculated as though such repurchase had been consummated
as of the first day of the fiscal period covered thereby.

(e)Section 7.10 of the Credit Agreement (Financial Covenants) shall be amended
by amending and restating subsection (b) in its entirety as follows:

“Consolidated Leverage Ratio.  Permit the Consolidated Leverage Ratio as at the
end of any Measurement Period to be greater than (i) 3.50 : 1.00, or (ii) 4.00 :
1.00 at the Borrowers’ option for the four (4) consecutive quarters following a
Designated Acquisition; provided, that this clause (ii) may not be exercised
more than two (2) times.”

(f)Exhibit D (Form of Compliance Certificate) and Exhibit N (Form of Permitted
Acquisition Certificate) to the Credit Agreement are hereby amended by deleting
such exhibits in their entirety and replacing them with the corresponding
exhibits set forth in Annex I attached hereto.

(g)The schedules to the Credit Agreement are hereby amended by deleting such
schedules in their entirety and replacing them with the corresponding schedules
set forth in Annex II attached hereto.

3.Conditions Precedent.  The amendments to the Credit Agreement set forth in
Section 2 hereof shall become effective, as of the date hereof, upon
satisfaction of the following conditions precedent:

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(a)the Lead Borrower shall have delivered to the Administrative Agent a
counterpart of this Fourth Amendment executed by the Lead Borrower and each
other Loan Party;

(b)the Required Lenders and the Administrative Agent shall have indicated their
consent and agreement by executing this Fourth Amendment;

(c)the Borrowers shall have paid all fees and other amounts due and payable by
them under the Credit Agreement, including to the extent invoiced the reasonable
fees, costs and expenses owing to Choate, Hall & Stewart LLP;

(d)a certificate signed by a Responsible Officer of the Lead Borrower,
certifying that (A) the conditions set forth in Sections 3(e) and 3(f) below
have been satisfied;

(e)the representations and warranties made by each Loan Party in Section 4
hereof are true and correct as of the date hereof; and

(f)no Event of Default shall have occurred and be continuing.

4.Representations and Warranties.  The Lead Borrower and the other Loan Parties
each represents and warrants to the Lenders that the representations and
warranties of the Loan Parties contained in Article V of the Credit Agreement or
any other Loan Document, or which are contained in any document furnished at any
time under or in connection herewith or therewith, are true and correct in all
material respects on the date hereof, except that any representation and
warranty that is qualified as to “materiality,” “Material Adverse Effect” or
similar language shall be true and correct in all respects on the date hereof;
provided that (a) to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and
correct in all material respects as of such earlier date, except that any
representation and warranty that is qualified as to “materiality,” “Material
Adverse Effect” or similar language shall be true and correct in all respects as
of such earlier date, (b) the representations and warranties contained in
Sections 5.05(a) and (b) of the Credit Agreement shall be deemed to refer to the
most recent statements furnished pursuant to Sections 6.01(a) and (b) of the
Credit Agreement, respectively and (c) each reference in the Credit Agreement to
“this Agreement” or the “Credit Agreement” or the like shall include reference
to this Fourth Amendment and the Credit Agreement as amended hereby.

5.Effect on Loan Documents.  The Credit Agreement (as amended hereby) and the
other Loan Documents shall be and remain in full force and effect in accordance
with their terms and hereby are ratified and confirmed in all respects.  Except
as expressly set forth herein the execution, delivery, and performance of this
Fourth Amendment shall not operate as a waiver or an amendment of any right,
power, or remedy of the Administrative Agent or any Lender under the Credit
Agreement or any other Loan Document, as in effect prior to the date
hereof.  Each of the Loan Parties hereby ratifies and confirms in all respects
all of its obligations under the Credit Agreement (as amended hereby) and the
other Loan Documents to which it is a party.  

6.No Novation; Entire Agreement.  This Fourth Amendment evidences solely the
amendment of the terms and provisions of the obligations of the Lead Borrower
and the other Loan Parties under the Loan Documents and is not a novation or
discharge thereof.  There are no

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other understandings, express or implied, among the Lead Borrower, the other
Loan Parties, the Administrative Agent and the Lenders regarding the subject
matter hereof or thereof.

7.Choice of Law.  This Fourth Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

8.Counterparts; Facsimile Execution.  This Fourth Amendment may be executed in
any number of counterparts and by different parties and separate counterparts,
each of which when so executed and delivered shall be deemed an original, and
all of which, when taken together, shall constitute one and the same
instrument.  Delivery of an executed counterpart of a signature page to this
Fourth Amendment by facsimile shall be as effective as delivery of a manually
executed counterpart of this Fourth Amendment.  

9.Construction.  This Fourth Amendment is a Loan Document.  This Fourth
Amendment and the Credit Agreement shall be construed collectively and in the
event that any term, provision or condition of any of such documents is
inconsistent with or contradictory to any term, provision or condition of any
other such document, the terms, provisions and conditions of this Fourth
Amendment shall supersede and control the terms, provisions and conditions of
the Credit Agreement.  Upon and after the effectiveness of this Fourth
Amendment, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “herein”, “hereof” or words of like import referring to the Credit
Agreement, and each reference in the other Loan Documents to “the Credit
Agreement”, “thereunder”, “therein”, “thereof” or words of like import referring
to the Credit Agreement, shall mean and be a reference to the Credit Agreement
as modified and amended hereby.

[Remainder of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to be
executed as of the date first above written.

BORROWERS:

NOVANTA CORPORATION

 

 

By:  /s/ Robert Buckley

Name:  Robert Buckley

Title: Chief Financial Officer

 

NOVANTA UK INVESTMENTS HOLDING LIMITED

 

 

By:  /s/ Robert Buckley

Name:  Robert Buckley

Title: Director

 

NOVANTA EUROPE GmbH

 

 

By:  /s/ Robert Buckley

Name:  Robert Buckley

Title:    Managing Director

 

 

HOLDINGS:

NOVANTA INC.

 

 

By:  /s/ Robert Buckley

Name:  Robert Buckley

Title: Chief Financial Officer

 

 

OTHER GUARANTORS:

NOVANTA TECHNOLOGIES UK LIMITED

 

 

By:  /s/ Robert Buckley

Name:  Robert Buckley

Title: Director

 

 

 

 

[Fourth Amendment to Second A&R Credit Agreement]

 

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NDS SURGICAL IMAGING LLC

 

 

By:  /s/ Robert Buckley

Name:  Robert Buckley

Title: President

[Fourth Amendment to Second A&R Credit Agreement]

 

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bank of america, n.a., as
Administrative Agent

 

 

By:  /s/ Mollie S. Canup                  

Name:  Mollie S. Canup

Title:   Vice President

[Fourth Amendment to Second A&R Credit Agreement]

 

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bank of america, n.a., as a Lender, L/C Issuer and Swing Line Lender

 

 

By:  /s/ John F. Lynch

Name:  John F. Lynch

Title:  Senior Vice President

 

[Fourth Amendment to Second A&R Credit Agreement]

 

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JPMORGAN CHASE BANK, N.A., as a Lender

 

 

By:  /s/ Peter M. Killea

Name:  Peter M. Killea

Title:    Executive Director

 

[Fourth Amendment to Second A&R Credit Agreement]

 

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender

 

 

By:  /s/ Daniel M. Grondin

Name:  Daniel M. Grondin

Title:    Senior Vice President

 

 

 

[Fourth Amendment to Second A&R Credit Agreement]

 

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SILICON VALLEY BANK, as a Lender

 

 

By:  /s/ Jon Wolter

Name:  Jon Wolter

Title:  Vice President

 

[Fourth Amendment to Second A&R Credit Agreement]

 

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TD BANK, N.A., as a Lender

 

 

By:  /s/ Leonid Batsevitsky

Name:  Leonid Batsevitsky

Title:  Vice President

 

[Fourth Amendment to Second A&R Credit Agreement]

 

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BANK OF MONTREAL, as a Lender

 

 

By:  /s/ Patrick Hartweger  

Name:  Patrick Hartweger

Title:  Managing Director

 

 

 

[Fourth Amendment to Second A&R Credit Agreement]

 

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BANK OF MONTREAL, London Branch, as a Lender

 

 

By:  /s/ Tom Woolgar

Name:  Tom Woolgar

Title:  Managing Director

 

By:  /s/ Jean-Jacques van Helten

Name:  Jean-Jacques van Helten

Title:  Chief Risk Officer Europe

 

[Fourth Amendment to Second A&R Credit Agreement]

 

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HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender

 

 

By:  /s/ Andrew Everett

Name:  Andrew Everett

Title:  Vice President

 

[Fourth Amendment to Second A&R Credit Agreement]

 

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Annex I

 

EXHIBIT D

 

form of COMPLIANCE CERTIFICATE

 

Financial Statement Date______, __, 20__

To:

Bank of America, N.A., as Administrative Agent

Ladies and Gentlemen:

Reference is made to that certain Second Amended and Restated Credit Agreement,
dated as of May 19, 2016 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms
defined therein being used herein as therein defined), among NOVANTA
CORPORATION, a Michigan corporation (the “Lead Borrower”), NOVANTA UK
INVESTMENTS HOLDING LIMITED, a private limited company incorporated in England
and Wales (together with the Lead Borrower and each other Person to join the
Agreement as a Borrower, collectively the “Borrowers” and each a “Borrower”),
Novanta Inc., a company continued and existing under the laws of the Province of
New Brunswick, Canada (“Holdings”), the other Guarantors from time to time party
thereto, the Lenders from time to time party thereto, and Bank of America, N.A.,
as Administrative Agent, L/C Issuer and Swing Line Lender.

The undersigned Responsible Officer hereby certifies as of the date hereof that
he/she is the of Holdings, and that, as such, he/she is authorized to execute
and deliver this Certificate to the Administrative Agent on the behalf of
Holdings, and that:

[Use following paragraph 1 for fiscal year-end financial statements]

1.Holdings has delivered the year-end audited financial statements required by
Section 6.01(a) of the Agreement for the fiscal year of Holdings ended as of the
above date, together with the report and opinion of an independent certified
public accountant required by such section.

[Use following paragraph 1 for fiscal quarter-end financial statements]

1.Holdings has delivered the unaudited financial statements required by Section
6.01(b) of the Agreement for the fiscal quarter of Holdings ended as of the
above date.  Such financial statements fairly present in all material respects
the financial condition, results of operations and cash flows of Holdings and
its Subsidiaries in accordance with GAAP as at such date and for such period,
subject only to normal year-end audit adjustments and the absence of footnotes.

2.The undersigned has reviewed and is familiar with the terms of the Agreement
and has made, or has caused to be made under his/her supervision, a detailed
review of the transactions and condition (financial or otherwise) of the Loan
Parties during the accounting period covered by such financial statements.

3.A review of the activities of the Loan Parties during such fiscal period has
been made under the supervision of the undersigned with a view to determining
whether during such fiscal period the Loan Parties performed and observed all
their Obligations under the Loan Documents, and

[select one:]

[to the best knowledge of the undersigned, during such fiscal period each Loan
Party performed and observed each covenant and condition of the Loan Documents
applicable to it, and no Default has occurred and is continuing.]

--or--

[to the best knowledge of the undersigned, during such fiscal period the
following covenants or conditions have not been performed or observed and the
following is a list of each such Default and its nature and status:]

D -1

Form of Compliance Certificate

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4.The representations and warranties of the Loan Parties contained in Article V
of the Agreement, and any representations and warranties of any Loan Party that
are contained in any document furnished at any time under or in connection with
the Loan Documents, are true and correct in all material respects on and as of
the date hereof, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and correct
in all material respects as of such earlier date, and except that for purposes
of this Compliance Certificate, the representations and warranties contained in
subsections (a) and (b) of Section 5.05 of the Agreement shall be deemed to
refer to the most recent statements furnished pursuant to clauses (a) and (b),
respectively, of Section 6.01 of the Agreement, including the statements in
connection with which this Compliance Certificate is delivered; provided that
any representation and warranty that is qualified as to “materiality,” “Material
Adverse Effect” or similar language shall be true and correct in all respects on
such respective dates.

5.The financial covenant analyses and information set forth on Schedules 1 and 2
attached hereto are true and accurate on and as of the date of this Certificate.

[Remainder of page intentionally left blank]

D -2

Form of Compliance Certificate

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IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
, .

NOVANTA INC.

 

 

By:  

Name:  

Title:  

D -3

Form of Compliance Certificate

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For the Quarter/Year ended ___________________(“Statement Date”)

SCHEDULE 1
to the Compliance Certificate
($ in 000’s)

I.

Section 7.10(b) – Consolidated Leverage Ratio.

 

 

A.

Consolidated Funded Indebtedness at Statement Date:$

 

 

B.

Consolidated EBITDA for four consecutive fiscal quarters ending
on above date (“Subject Period”) (from Schedule 2):$

 

 

C.

Consolidated Leverage Ratio (Line I.A ¸ Line I.B): to 1.00

 

 

Maximum permitted:

3.50 to 1.001

 

 

 

 

1

The Consolidated Leverage Ratio for the four (4) consecutive quarters following
a Designated Acquisition (at the Borrowers’ option) may be up to 4.00 : 1.00;
provided that such step-up may not be exercised more than two (2) times.

D -4

Form of Compliance Certificate

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II.

Section 7.10(c) – Consolidated Fixed Charge Coverage Ratio.

 

 

A.

Adjusted Consolidated EBITDA for Subject Period:

 

 

1.

Consolidated EBITDA for Subject Period (Line I.B above):$

 

 

2.

Aggregate amount of all cash Capital Expenditures for Subject Period:$

 

 

3.

Aggregate amount of Federal, state, local and foreign income taxes paid in cash
for Subject Period:$

 

 

4.

Adjusted Consolidated EBITDA (Lines II.A1 - 2 - 3): $

 

 

B.

Consolidated Fixed Charges for Subject Period:

 

 

1.

Consolidated Interest Charges paid in cash for Subject Period:$

 

 

2.

Aggregate scheduled amortization payments under Section 2.07(a) of the Agreement
(regardless of whether optional prepayments under Section 2.05(a) of the
Agreement were applied to such installments) for Subject Period, for so long as
any amounts are outstanding under the Term Loan Facility:$

 

 

3.

Aggregate principal amount of all other regularly scheduled principal payments
or redemptions or similar acquisitions for value of outstanding debt for
borrowed money (including regularly scheduled payments under any Capitalized
Leases, except for the portion of rent expense under Capitalized Leases that is
treated as interest in accordance with GAAP) for Subject Period, but excluding
any voluntary repayments and redemptions to the extent refinanced through the
incurrence of additional Indebtedness otherwise expressly permitted under
Section 7.02 of the Agreement:$

 

 

4.

Permitted cash repurchases of employee stock (excluding cashless exercise of
options)$

 

 

5.

Aggregate amount of all Restricted Payments made pursuant to Section 7.06(d) or
7.06(e) of the Agreement for
Subject Period:$

 

 

6.

Consolidated Fixed Charges (Lines II.B1 + 2 + 3 + 4 + 5): $

 

 

C.

Consolidated Fixed Charge Coverage Ratio (Line II.A4 ¸ Line II.B6):
to 1.00

 

 

Minimum required:

1.50 to 1.00

 

D -1

Form of Compliance Certificate

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For the Quarter/Year ended ___________________(“Statement Date”)

 

SCHEDULE 2
to the Compliance Certificate
($ in 000’s)

Consolidated EBITDA
(in accordance with the definition of Consolidated EBITDA as set forth in the
Agreement)

Consolidated
EBITDA

Quarter
Ended

Quarter
Ended

Quarter
Ended

Quarter
Ended

Twelve
Months
Ended

Consolidated
Net Income

 

 

 

 

 

+Consolidated Interest Charges

 

 

 

 

 

+income taxes

 

 

 

 

 

+depreciation expense

 

 

 

 

 

+amortization expense

 

 

 

 

 

+(x) restructuring charges from operations and divestitures2

 

 

 

 

 

+(y) restructuring charges , fees and expenses in respect of other transactions3

 

 

 

 

 

+ run-rate cost savings and synergies4

 

 

 

 

 

+Non-Cash Charges

 

 

 

 

 

-non-cash income

 

 

 

 

 

-earnings from equity-method investments

 

 

 

 

 

 

2 

not to exceed $15,000,000 in the aggregate during any Measurement Period;
provided that the sum of add-backs (x) and (y) in any Measurement Period shall
not exceed 25% of Consolidated EBITDA for such period

3 

not to exceed $15,000,000 in the aggregate during any Measurement Period;
provided that the sum of add-backs (x) and (y) in any Measurement Period shall
not exceed 25% of Consolidated EBITDA for such period

4 

to be in an amount reasonably acceptable to the Administrative Agent and
otherwise in accordance with the terms of clause (a)(iv)(z) and the proviso
thereto in the definition of “Consolidated EBITDA”.

D -2

Form of Compliance Certificate

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=Consolidated EBITDA

 

 

 

 

 

 

D -3

Form of Compliance Certificate

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EXHIBIT N

 

form of PERMITTED ACQUISITION certificate

 

_____________ __, 20__

 

Reference is made to that certain Second Amended and Restated Credit Agreement,
dated as of May 19, 2016 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms
defined therein being used herein as therein defined), among Novanta
Corporation, a Michigan corporation (the “Lead Borrower”), Novanta UK
Investments Holding Limited, a private limited company incorporated in England
and Wales (together with the Lead Borrower and each other Person to join the
Agreement as a Borrower, collectively the “Borrowers” and each a “Borrower”),
Novanta Inc., a company continued and existing under the laws of the Province of
New Brunswick, Canada (“Holdings”), the other Guarantors from time to time party
thereto, the Lenders from time to time party thereto, and Bank of America, N.A.,
as Administrative Agent, L/C Issuer and Swing Line Lender.

Pursuant to Section 7.03(j) of the Agreement and in connection with the
acquisition of [DESCRIBE TRANSACTION] (the “Acquisition”), the undersigned,
hereby certifies that [he]/[she] is the duly elected, acting and qualified
[President] [Chief Financial Officer] [Vice President of Finance] of Holdings,
and that:

 

1.

any Subsidiary newly-created or acquired in connection with the Acquisition
shall comply with the requirements of Section 6.12 of the Agreement;

 

2.

the lines of business of the Target are not substantially different from those
lines of business conducted by the Borrower and its Subsidiaries on the
Restatement Date or any business substantially related or incidental thereto or
a reasonable extension thereof;

 

3.

the Acquisition has been consented to by the shareholders or board of directors
or other equivalent governing body of the Target;

 

4.

immediately before and immediately after giving pro forma effect to the
Acquisition, no Event of Default has occurred and is continuing;

 

5.

attached hereto as Annex 1 are calculations evidencing that immediately before
and immediately after giving pro forma effect to the Acquisition, Holdings and
its Subsidiaries are in pro forma compliance with all of the covenants set forth
in Section 7.10 of the Agreement for the twelve-month period ended on
[_______________]5 (the “Financial Statement Date”), determined on the basis of
the financial information most recently delivered to the Administrative Agent
and the Lenders pursuant to Section 6.01(a) or (b) of the Agreement as though
the Acquisition had been consummated as of the first day of the fiscal period
covered thereby; and

 

6.

attached hereto as Annex 2 are calculations evidencing that after giving effect
to the Acquisition, Holdings and its Subsidiaries have a Consolidated Leverage
Ratio for the twelve-month period ended on the Financial Statement Date of ___6
to 1.0, determined on the basis of the financial

 

5 

Insert date of most recent financial statements delivered pursuant to Section
6.01(a) or (b) of the Agreement

6 

Must be less than or equal to 3.00:1.0 (or, in connection with a Designated
Acquisition, 3.50 : 1.00).

N -1

Form of Permitted Acquisition Certificate

--------------------------------------------------------------------------------

 

 

information most recently delivered to the Administrative Agent and the Lenders
pursuant to Section 6.01(a) or (b) of the Agreement as though the Acquisition
had been consummated as of the first day of the fiscal period covered thereby.

[Remainder of page intentionally left blank]

 

 

N -2

Form of Permitted Acquisition Certificate

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IN WITNESS WHEREOF, the undersigned has executed this Certificate as of the date
first written above.

NOVANTA INC.

 

 

By:  

Name:  

Title:  

N -3

Form of Permitted Acquisition Certificate

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ANNEX 1
to the Permitted Acquisition Certificate
($ in 000’s)

Consolidated EBITDA
(in accordance with the definition of Consolidated EBITDA as set forth in the
Agreement)

Consolidated
EBITDA

Quarter
Ended

Quarter
Ended

Quarter
Ended

Quarter
Ended

Twelve
Months
Ended

Consolidated
Net Income

 

 

 

 

 

+Consolidated Interest Charges

 

 

 

 

 

+income taxes

 

 

 

 

 

+depreciation expense

 

 

 

 

 

+amortization expense

 

 

 

 

 

+ (x)restructuring charges from operations and divestitures7

 

 

 

 

 

+(y) restructuring charges, fees and expenses in respect of other transactions8

 

 

 

 

 

+ run-rate costs savings and synergies9

 

 

 

 

 

+Non-Cash Charges

 

 

 

 

 

-non-cash income

 

 

 

 

 

-earnings from equity-method investments

 

 

 

 

 

 

7 

not to exceed $15,000,000 in the aggregate during any Measurement Period;
provided that the sum of add-backs (x) and (y) in any Measurement Period shall
not exceed 25% of Consolidated EBITDA for such period

8 

not to exceed $15,000,000 in the aggregate during any Measurement Period;
provided that the sum of add-backs (x) and (y) in any Measurement Period shall
not exceed 25% of Consolidated EBITDA for such period

9 

to be an amount reasonably acceptable to the Administrative Agent and otherwise
in accordance with the terms of clause (a)(iv)(z) and the proviso thereto in the
definition of “Consolidated EBITDA”.

N -4

Form of Permitted Acquisition Certificate

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=Consolidated EBITDA

 

 

 

 

 

 

I.

Section 7.10(b) – Consolidated Leverage Ratio.

 

 

A.

Consolidated Funded Indebtedness at Financial Statement Date:$

 

 

B.

Consolidated EBITDA for four consecutive fiscal quarters ending on the Financial
Statement Date (“Subject Period”) (from above)$

 

 

C.

Consolidated Leverage Ratio (Line I.A ¸ Line I.B): to 1.00

 

 

Maximum permitted:

3.50 to 1.0010

 

 

 

 

10

The Consolidated Leverage Ratio for the four (4) consecutive quarters following
a Designated Acquisition (at the Borrowers’ option) may be up to 4.00 : 1.00;
provided that such step-up may not be exercised more than two (2) times.

N -5

Form of Permitted Acquisition Certificate

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II.

Section 7.10(c) – Consolidated Fixed Charge Coverage Ratio.

 

 

A.

Adjusted Consolidated EBITDA for Subject Period:

 

 

1.

Consolidated EBITDA for Subject Period (Line I.B above):$

 

 

2.

Aggregate amount of all cash Capital Expenditures for Subject Period:$

 

 

3.

Aggregate amount of Federal, state, local and foreign income taxes paid in cash
for Subject Period:$

 

 

4.

Adjusted Consolidated EBITDA (Lines II.A1 - 2 - 3): $

 

 

B.

Consolidated Fixed Charges for Subject Period:

 

 

1.

Consolidated Interest Charges paid in cash for Subject Period:$

 

 

2.

Aggregate scheduled amortization payments under Section 2.07(a) of the Agreement
(regardless of whether optional prepayments under Section 2.05(a) of the
Agreement were applied to such installments) for Subject Period, for so long as
any amounts are outstanding under the Term Loan Facility:$

 

 

3.

Aggregate principal amount of all other regularly scheduled principal payments
or redemptions or similar acquisitions for value of outstanding debt for
borrowed money (including regularly scheduled payments under any Capitalized
Leases, except for the portion of rent expense under Capitalized Leases that is
treated as interest in accordance with GAAP) for Subject Period, but excluding
any voluntary repayments and redemptions to the extent refinanced through the
incurrence of additional Indebtedness otherwise expressly permitted under
Section 7.02 of the Agreement:$

 

 

4.

Permitted cash repurchases of employee stock (excluding cashless exercise of
options)$

 

 

5.

Aggregate amount of all Restricted Payments made pursuant to Section 7.06(d) or
7.06(e) of the Agreement for
Subject Period:$

 

 

6.

Consolidated Fixed Charges (Lines II.B1 + 2 + 3 + 4 + 5): $

 

 

C.

Consolidated Fixed Charge Coverage Ratio (Line II.A4 ¸ Line II.B6):
to 1.00

 

 

Minimum required:

1.50 to 1.00

 

 

 

 

 

N -6

Form of Permitted Acquisition Certificate

 

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ANNEX 2
to the Permitted Acquisition Certificate
($ in 000’s)

 

Consolidated Leverage Ratio.

 

A.

Consolidated Funded Indebtedness at Financial Statement Date:$

 

 

B.

Consolidated EBITDA for twelve-month period
ended on the Financial Statement Date (from Annex 1):$

 

 

C.

Consolidated Leverage Ratio (Line A ¸ Line B): to 1.00

 

 

 

N -7

Form of Permitted Acquisition Certificate

 

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ANNEX 3
to the Permitted Acquisition Certificate
($ in 000’s)

Excess Availability.

 

A.

Unrestricted cash on the balance sheet of Holdings and
its Subsidiaries on the Financial Statement Date:$

 

 

B.

the Revolving Credit Facility on the
Financial Statement Date:$

 

 

C.

Outstanding Amount of all Revolving Credit Loans on the
Financial Statement Date:$

 

 

D.

Outstanding Amount of all Swing Line Loans on the
Financial Statement Date:$

 

 

E.

Outstanding Amount of all L/C Obligations on the
Financial Statement Date:$

 

 

F.

Excess Availability
(Line A + Line B – Line C – Line D – Line E):$

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

Annex II

 

SCHEDULE 1.01

EXISTING LETTERS OF CREDIT

 

None.

 

 

--------------------------------------------------------------------------------

 

SCHEDULE 2.01

COMMITMENTS
AND APPLICABLE PERCENTAGES

 

 

Term Commitments

Revolving Credit Commitments

Lender

Commitment

Applicable Percentage

Commitment

Applicable Percentage

Bank of America, N.A.

$13,125,000.00

17.500000000%

$39,375,000.00

17.500000000%

JPMorgan Chase Bank, N.A.

$13,125,000.00

17.500000000%

$39,375,000.00

17.500000000%

Wells Fargo Bank, National Association

$13,125,000.00

17.500000000%

$39,375,000.00

17.500000000%

Silicon Valley Bank

$9,500,000.00

12.666666667%

$28,500,000.00

12.666666667%

TD Bank, N.A.

$9,500,000.00

12.666666667%

$28,500,000.00

12.666666667%

Bank of Montreal

$9,500,000.00

12.666666667%

$28,500,000.00

12.666666667%

HSBC Bank USA, N.A.

$7,125,000.00

9.500000000%

$21,375,000.00

9.500000000%

Total

$75,000,000.00

100.000000000%

$225,000,000.00

100.000000000%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

Schedule 5.05

Supplements to Interim Financial Statements

None.

 

 

 

 

 

--------------------------------------------------------------------------------

 

Schedule 5.08(b)

Owned Real Property

Owner

Address

Book Value

Estimated Fair Value

Novanta Corporation (f/k/a GSI Group Corporation)

4600 Campus Place
Mukilteo, WA  98275

$#.# million

$#.# million

Novanta Corporation (f/k/a GSI Group Corporation)

234 East Mohave, Phoenix, AZ 85004

$#.# million

$#.# million

 

 

 

 

 

 

--------------------------------------------------------------------------------

SCHEDULE 5.08(C)

Leased Real Property

Lessee

Lessor

Address

Expiration

Annual Rent

Novanta Corporation (f/k/a GSI Group Corporation)

125 Middlesex Turnpike, LLC
c/o Mohawk Partners, 205 Newbury Street, Framingham, MA 01701

125 Middlesex Turnpike, Bedford, Middlesex County, MA  01803

#/##/####

$#,###,###

Novanta Corporation (f/k/a GSI Group Corporation)

Vintners’ Court LLC 4060 Spring Mountain Road St. Helena, CA 94574

5915 Jetton Lane, Loomis, CA 95650

#/##/####

$###,###

Novanta Corporation (f/k/a GSI Group Corporation)

Jeff Davenport, 3269 Swetzer Road Loomis CA 95650

5970 Jetton Lane, Suites B, C, D & E, Loomis, CA 95650

#/##/####

$##,###

Novanta Corporation (f/k/a GSI Group Corporation)

C L Assets LLC

1638 Maryclair Drive

Olivehurst, CA 95961

5925 Jetton Lane, Suites B, C, & D, Loomis, CA 95650

#/##/####

$##,###

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

Thales Optronics (Taunton) Limited
Lisieux Way
Taunton
Somerset
TA1 2JZ

Part of Building 1
Moorfields
Lisieux Way
Taunton
Somerset

#/##/####

GBP ##,###

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

Scottsgrove Holdings

29 Holton Road, Holton Heath, Poole, UK

#/##/####

GBP ##,###

NDS Surgical Imaging, LLC

M West Propco XII, LLC

5750 Hellyer Avenue, San Jose, CA 95138

#/##/####

$###,###

Novanta Corporation (f/k/a GSI Group Corporation)

Hancock Park Development, LLC

225 Greenfield Parkway, Suite 202

Liverpool, NY 13088

7279 William Barry Blvd., North Syracuse, NY 13212

#/##/####

$###,###

Novanta Corporation (f/k/a GSI Group Corporation)

CCTC, Inc.        4300 N Miller Road, Suite 153   Scottsdale, AZ 85251

235 E. Pima Street, Suite 101, Phoenix, AZ 85034

#/##/####

$##,###

 

--------------------------------------------------------------------------------

Lessee

Lessor

Address

Expiration

Annual Rent

Novanta Corporation (f/k/a GSI Group Corporation)

LBA Realty Fund III-Company III, LLC

999 18th Street, Suite 210

Denver, CO 80202

999 18th Street

North Tower

Suite 1885N

Denver, Colorado 80202

#/##/####

$##,###

Novanta Corporation (f/k/a GSI Group Corporation)

JETA LLC

4545 Cushing Parkway, Fremont, CA 94538

4575 Cushing Parkway, Fremont, CA 94538

#/##/####

$###,###

Novanta Corporation (f/k/a GSI Group Corporation)

Berg Properties, Inc.

PO Box 920

Lake Oswego, OR 97034

155 B Avenue, Suite 200 and Suite 240, Lake Oswego, Oregon 97034

#/##/####

$##,###

Novanta Europe GmbH (f/k/a GSI Group Europe GmbH)

KG für Vermögensverwaltung Garching GmbH & Co.

93059 Regensburg

GERMANY

Parkring 57 – 59

85748 Garching Germany

#/##/####

EUR ###,###

 

 

 

 

 

--------------------------------------------------------------------------------

 

SCHEDULE 5.08(D)

Existing Investments

Owner

Issuer

Percentage Owned

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

Laser Quantum Limited

75.52%

 

 

--------------------------------------------------------------------------------

SCHEDULE 5.09

Environmental Matters

None.

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

SCHEDULE 5.13

Subsidiaries and Other Equity Investments; Loan Parties

Part (a): Subsidiaries

Parent

Subsidiary

Percentage Owned

Novanta Inc. (f/k/a GSI Group Inc.)

Novanta Corporation (f/k/a GSI Group Corporation)

100%

Novanta Inc. (f/k/a GSI Group Inc.)

GSI Group Singapore Pte. Ltd.

100%

Novanta Inc. (f/k/a GSI Group Inc.)

Novanta UK Investments Holding Limited (f/k/a GSI Group UK Investments Holding
Limited)

100%

Novanta UK Investments Holding Limited (f/k/a GSI Group UK Investments Holding
Limited)

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

100%

Novanta UK Investments Holding Limited (f/k/a GSI Group UK Investments Holding
Limited)

Novanta Europe GmbH (f/k/a GSI Group Europe GmbH)

100%

Novanta UK Investments Holding Limited (f/k/a GSI Group UK Investments Holding
Limited)

Novanta Holdings BV (f/k/a NDS Holdings BV)

100%

Novanta UK Investments Holding Limited (f/k/a GSI Group UK Investments Holding
Limited)

Novanta Ceska republika s.r.o.

100%

Novanta Corporation (f/k/a GSI Group Corporation)

NDS Surgical Imaging, LLC

100%

Novanta Corporation (f/k/a GSI Group Corporation)

GSI Lumonics Asia Pacific Ltd.

100%

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

GSI Group Precision Technologies (Suzhou) Co., Ltd.

100%

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

Novanta Japan Corporation (f/k/a GSI Group Japan Corporation)

100%

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

Laser Quantum Limited

75.52%

Novanta Europe GmbH (f/k/a GSI Group Europe GmbH)

Novanta Distribution (USD) GmbH (f/k/a GSI Group Distribution (USD) GmbH)

100%

Novanta Europe GmbH (f/k/a GSI Group Europe GmbH)

GSI Group GmbH

100%

Novanta Europe GmbH (f/k/a GSI Group Europe GmbH)

W.O.M. World of Medicine GmbH

100%

Novanta Europe GmbH (f/k/a GSI Group Europe GmbH)

Novanta Italy s.r.l. (f/k/a GSI Group Italy s.r.l.)

100%

Novanta Holdings BV (f/k/a NDS Holdings BV)

Novanta EMEA BV (f/k/a NDS Surgical Imaging BV)

100%

 

 

 

 

--------------------------------------------------------------------------------

Part (b): Other Equity Investments

None.

 

--------------------------------------------------------------------------------

Part (c): Loan Parties

Loan Party

Jurisdiction of Incorporation

Principal Place of Business Address

U.S. Tax ID Number (or foreign equivalent)

Novanta Inc. (f/k/a GSI Group Inc.)

New Brunswick, Canada

125 Middlesex Turnpike
Bedford, MA  01730

##-#######

Novanta Corporation (f/k/a GSI Group Corporation)

Michigan

125 Middlesex Turnpike
Bedford, MA  01730

##-#######

NDS Surgical Imaging, LLC

Delaware

5750 Hellyer Avenue, San Jose, CA 95138

##-#######

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United Kingdom

29 Holton Road

Holton Heath

Poole

Dorset BH16 6LN

#######

Novanta UK Investments Holding Limited (f/k/a GSI Group UK Investments Holding
Limited)

United Kingdom

29 Holton Road

Holton Heath

Poole

Dorset BH16 6LN

########

Novanta Europe GmbH (f/k/a GSI Group Europe GmbH

Germany

Parkring 57 – 59

85748 Garching Germany

HRB #######

 

--------------------------------------------------------------------------------

SCHEDULE 5.17

IP Rights

Registered Copyrights

Grantor

Country

Title

Application/ Registration No.

Filing Date

Registration Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

PR-880 Version 5. 1 c.

TX0007189456

2005

8/9/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

SpectraWin Version 2.1.5.1.

TX0007189483

2006

8/9/2010

Novanta Inc. (f/k/a GSI Group Inc.)

United States

DIMPL Class Library computer program

TX0005750228

2003

4/19/2003

 

Registered Trademarks

Grantor

Country

Trademark

Application/ Registration No.

Filing Date

Registration Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

GSI  (Word Only - Black)

78/731631

10/12/2005

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

GSI  (Word Only - Blue)

78/731636

10/12/2005

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Miscellaneous Design (MicroE Logo - Color)

86/554327

5,004,298

3/5/2015

7/19/2016

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Miscellaneous Design (Celera Motion)

86/666,751

 

6/18/2015

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

CELERA MOTION

86,666,627

6/18/2015

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

MicroE Systems

3,125,680

6/7/2004

8/8/2006

Novanta Corporation (f/k/a GSI Group Corporation)

United States

MicroE Systems

 

2,886,781

10/20/1999

9/21/2004

 

--------------------------------------------------------------------------------

Grantor

Country

Trademark

Application/ Registration No.

Filing Date

Registration Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

LINCOLN LASER

2349659

11/17/1998

5/16/2000

Novanta Corporation (f/k/a GSI Group Corporation)

United States

SKYETEK

3426915

6/20/2006

5/13/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

REACH TECHNOLOGY

4674407

4/8/2014

1/20/2015

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Pritchard

0945,229

6/14/1971

10/17/1972

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Spectra

0987,821

10/6/1972

7/9/1974

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Light Mate

1,188,492

9/19/1980

2/2/1982

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Photo Research

1,253,696

7/9/1982

10/11/1983

Novanta Corporation (f/k/a GSI Group Corporation)

United States

PR

1,262,271

7/9/1982

12/27/1983

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Spectrascan

1,262,871

7/8/1982

1/3/1984

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Spotmeter

1,298,453

7/9/1982

10/2/1984

Novanta Corporation (f/k/a GSI Group Corporation)

United States

The Light Measurement People

1,475,474

5/26/1987

2/2/1988

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Spectrawin

2,219,258

4/15/1996

1/19/1999

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Videowin

2,247,912

8/15/1995

5/25/1999

Novanta Corporation (f/k/a GSI Group Corporation)

United States

SpectraAduo

3,223,033

6/8/2006

3/27/2007

Novanta Corporation (f/k/a GSI Group Corporation)

United States

CINEBRATE

85/750358

10/10/2012

Not Applicable

 

--------------------------------------------------------------------------------

Grantor

Country

Trademark

Application/ Registration No.

Filing Date

Registration Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

A-TAKT

86,088043

4874903

10/10/2013

12/22/2015

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Synrad

1,890,922

3/31/1994

4/25/1995

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Power Wizard

1,848,154

4/30/1993

8/2/1994

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Fenix

2,396,260

4/28/1998

10/17/2000

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Firestar

2,497,086

12/29/1999

10/9/2001

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Duo-Lase

1,620,992

1/2/1990

11/6/1990

Novanta Corporation (f/k/a GSI Group Corporation)

United States

WinMarkpro

86,461441

4,900,319

11/21/2014

2/16/2016

Novanta Inc. (f/k/a GSI Group Inc.)

United States

NOVANTA (BLOCK)

86,921581

2/26/2016

Not Applicable

Novanta Inc. (f/k/a GSI Group Inc.)

United States

GENERAL SCANNING PRINTER TECHNOLOGIES BY NDSSI

4685450

6/27/2013

2/10/2015

Novanta Inc. (f/k/a GSI Group Inc.)

United States

RADIANCE

3134178

11/18/2004

8/22/2006

 

Novanta Inc. (f/k/a GSI Group Inc.)

United States

DOME

2142543

2/25/1997

3/10/1998

Novanta Inc. (f/k/a GSI Group Inc.)

United States

ENDOVUE

3742246

6/22/2009

1/26/2010

Novanta Inc. (f/k/a GSI Group Inc.)

United States

ZEROWIRE

3986502

11/16/2009

6/28/2011

Novanta Inc. (f/k/a GSI Group Inc.)

United States

Design Only (DOME)

4143992

3/11/2011

5/15/2012

Novanta Inc. (f/k/a GSI Group Inc.)

United States

NDS SURGICAL IMAGING

3648029

1/10/2007

6/30/2009

Novanta Corporation (f/k/a GSI Group Corporation)

United States

BUZZSAW DESIGN

3253398

5/2/2006

6/19/2007

Novanta Corporation (f/k/a GSI Group Corporation)

United States

JADAK

3558195

3/13/2007

1/6/2009

 

--------------------------------------------------------------------------------

Novanta Corporation (f/k/a GSI Group Corporation)

United States

MEDICAL VISION

3789522

5/19/2009

5/18/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

FLEXPOINT

3894960

8/30/2009

12/21/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

FLEXPOINT

3871367

8/30/2009

11/2/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

CLARITY

86015237

7/19/2013

12/30/2014

Novanta Corporation (f/k/a GSI Group Corporation)

United States

MERCURY

3044886

5/24/2004

1/17/2006

Novanta Corporation (f/k/a GSI Group Corporation)

United States

THINGMAGIC

2566222

3/15/2001

4/30/2002

Novanta Corporation (f/k/a GSI Group Corporation)

United States

THINGMAGIC

3763923

3/3/2008

3/23/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

ASTRA

3727293

10/22/2008

12/22/2009

 

 

 

--------------------------------------------------------------------------------

Patents (all U.S. applications/registrations)

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Inc. (f/k/a GSI Group Inc.)

United States

Control Of A Pumping Diode Laser.

5,400,351

5/9/1994

3/21/1995

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Focused Laser Beam Measurement/Location.

5,521,374

9/7/1994

5/28/1996

Novanta Inc. (f/k/a GSI Group Inc.)

United States

Laser Machining Of A Workpiece.

5,854,805

3/21/1997

12/29/1998

Novanta Inc. (f/k/a GSI Group Inc.)

United States

Laser Optical Fibre Tuning & Control.

5,463,710

9/9/1992

10/31/1995

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser System For Controlling Emitted Pulse Energy.

5,339,323

4/30/1993

8/16/1994

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Light Beam Distance Encoder.

5,430,537

 

9/3/1993

7/04/1995

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Linear Position Detecting System.

6,297,750

9/13/2000

10/02/2001

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Magnetic Encoder For Sensing Position And Direction Via A Time And Space
Modulated Magnetic Field.

5,939,879

 

6/2/1997

8/17/1999

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Metrological Scale And Laser-Based Manufacturing Method Therefor.

7,903,336

10/11/2006

3/8/2011

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Robotically Operated Laser Head.

6,822,187

6/4/2001

11/23/2004

Novanta Inc. (f/k/a GSI Group Inc.)

United States

Waveguide Device With Mode Control And  Pump Light Confinement And Method of
Using Same.

6,785,304

7/24/2001

8/31/2004

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Wireless Chart Recorder System And Method.

7,135,987

5/30/2003

11/14/2006

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Rotary Device With Matched Expansion Ceramic Bearings.

6,710,487

1/10/2001

3/23/2004

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Capacitive Transducing With Feedback.

5,537,109

5/28/1993

7/16/1996

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Composite Rotor And Output Shaft For Galvanometer Motor And Method Of
Manufacture Thereof.

7,365,464

9/1/2004

4/29/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Controlled High Speed Reciprocating Angular Motion Actuator.

6,448,673

6/1/2001

9/10/2002

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Galvanometer Unit.

6,433,449

 

3/14/2002

8/13/2002

Novanta Inc. (f/k/a GSI Group Inc.)

United States

Galvanometer Unit.

6,380,649

11/2/1999

4/30/2002

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Mirror Mounting Structures And Methods For Scanners Employing Limited Rotation
Motors.

7,471,432

4/11/2007

12/30/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Mirror Mounting Structures And Methods For Scanners Employing Limited Rotation
Motors.

7,212,325

11/23/2004

5/1/2007

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Rotor Shaft For Limited Rotation Motor And Method Of Manufacture Thereof.

7,262,535

12/17/2004

8/28/2007

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Method And Apparatus For Reducing The  Stress On Rotating Shaft Bearings.

6,390,684

7/3/2001

5/21/2002

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Method For A Galvanometer With Axial Symmetry And Improved Bearing Design.

6,612,015

10/22/2001

9/2/2003

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Method For Optimum Material Selection And Processing For Dynamic Mirror
Applications.

7,404,647

12/10/2004

7/29/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Method For Tuning The Resonant Frequency Of Crossed- Flexure Pivot
Galvanometers.

6,265,794

10/29/1999

7/24/2001

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Monitoring Bearing Performance.

6,956,491

6/13/2003

10/18/2005

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Moving Magnet Optical Scanner With Novel Rotor Design.

5,424,632

10/22/1992

6/13/1995

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Element For Scanning System And Method Of Manufacture Thereof

6,749,309

9/27/2001

6/15/2004

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Position Transducer Systems And Methods Employing Reflected Illumination
For Limited Rotation Motor Systems.

7,820,956

6/4/2007

10/26/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Rotary Optical Encoder Employing Multiple Sub-Encoders With Common Reticle
Substrate.

7,482,575

8/2/2007

1/27/2009

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Smart Energy Emitting Head.

6,581,833

11/2/2001

6/24/2003

 

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Continuous Position Calibration For Servo Controlled Rotary System.

6,768,100

10/29/2001

7/27/2004

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System And Method For Diagnosing A Controller In A Limited Rotation Motor
System.

7,291,999

 

11/30/2006

11/6/2007

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System And Method For High Power Laser Processing.

7,672,343

7/07/2006

 

3/2/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Digital control servo system

7,421,308

1/26/2007

9/2/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System And Method For Providing Rotation Control In A Limited Rotation Motor
System.

7,649,288

9/24/2007

1/19/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical position detector for determining the angular position of a rotatable
element

5,671,043

10/3/1995

9/23/1997

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Axial led position detector for determining the angular position of a rotatable
element

5,844,673

4/17/1998

12/1/1998

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Servo control system

7,414,379

10/12/2006

8/19/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Systems and methods of providing improved performance of scanning mirrors
coupled to limited rotation motors

 

20100271679
12764392

8,284,470

4/21/2010

10/9/2012

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Low cost long-life compact low wobble wide scan angle taut-band resonant
scanners with matched coefficients of thermal expansion and interchangeable
mirrors

20110181932
13009939

1/20/2011

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Systems and methods for balancing mirrors in limited rotation motor systems

8,585,226

10/5/2011

11/19/2013

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Air bearing

5,593,230

11/27/1995

1/14/1997

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Air bearing

6,024,493

5/6/1998

2/15/2000

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Rotary mirror assembly having spherical housing

6,1307,69

10/2/1998

10/10/2000

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

High speed drill holders

6,443,462

7/25/2001

9/3/2002

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Hole forming system with ganged spindle set

6,960,050

12/4/2001

11/1/2005

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Data storage disc holder having central shaft held by spring loaded clamps
against inclined surfaces when in disc gripping configuration

7,367,038

12/12/2006

4/29/2008

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Laser systems and material processing

20090296748
12505003

7/17/2009

Not Applicable

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

High speed drilling spindle with reciprocating ceramic shaft and double-gripping
centrifugal chuck

 

5997223

9/22/1998

12/7/1999

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

High throughput hole forming system with multiple spindles per station

6174271

5/11/1999

1/16/2001

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

High speed drilling spindle with reciprocating shaft and double-gripping
centrifugal chuck

6227777

11/9/1999

5/8/2001

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Monitoring and controlling of laser operation

7331512

11/29/2005

2/19/2008

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Data storage disc carriers

7936535

4/20/2006

5/3/2011

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Gas bearing spindles

20080178795
11911444

12/27/2007

Not Applicable

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Laser rod pump chamber and method

6693940

11/13/2002

2/17/2004

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Laser based material processing methods and scalable architecture for material
processing

6738396

11/13/2002

5/18/2004

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

United States

Method and system for laser welding

6750421

2/18/2003

6/15/2004

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Absolute Encoder Employing Linked Sub-Encoders  And Beat Track.

7,368,705

6/28/2007

5/06/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Absolute Encoder Employing Concatenated, Multi-Bit, Interpolated Sub-Encoders.

7,253,395

 

11/17/2004

8/07/2007

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Precision Material-Handling Robot Employing High-Resolution, Compact Absolute
Encoder.

7,321,113

5/25/2005

1/22/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Multi-Track Absolute Encode.

6,366,047

7/13/2000

4/4/2002

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Position Encoder Having Alignment Indicators Providing Quantitative
Alignment Indications.

7,067,797

9/15/2004

6/27/2006

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Encoder Having Slanted Optical Detector Elements For Harmonic
Suppression.

7,324,212

 

 

2/28/2007

1/29/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Multi Track Optical Encoder Employing Beam Divider.

7,193,204

7/7/2003

3/20/2007

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Interferometric Optical Position Encoder Employing Spatial Filtering Of
Diffraction Orders For Improved Accuracy.

7,480,060

8/8/2007

1/20/2009

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Encoder Self-Calibration Apparatus And Method.

6,897,435

10/31/2002

5/24/2005

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Encoder Scale Error Compensation Employed Comparison Among Multiple Detectors.

7,126,109

6/14/2004

10/24/2006

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Rotary Position Sensor With Offset Beam Generating Element And Elliptical
Detector Array.

7,183,537

12/16/2003

2/27/2007

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Method Of Generating An Index Signal For An Optical Encoder.

 

7,075,057

4/26/2005

7/11/2006

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Encoder With Burst Generator For Generating Burst Output Signals.

7,193,205

4/23/2006

3/20/2007

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Apparatus For Detecting Relative Movement.

5,559,600

2/1/1995

9/24/1996

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Apparatus For Detecting Relative Movement Wherein A Detecting Means Is
Positioned In A Region Of Natural Interference.

5,486,923

2/24/1995

1/23/1996

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Apparatus For Detecting Relative Movement Wherein A Detecting Means Is
Positioned In A Region Of Natural Interference.

5,646,730

1/23/1996

7/8/1997

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Scale Assembly For Optical Encoder Having Affixed Optical Reference Markers.

7,343,693

11/9/2006

3/18/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Track Sensing Device.

5,991,249

7/29/1997

11/23/1999

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Reference Point Talbot Encoder.

7,002,137

8/13/2002

2/21/2006

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Multi-Track Absolute Encoder

14,836,021

10/1/2015

 

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Position Sensor for Determining the Angular Position of a Rotating
Device

8,809,763

1/20/2011

8/19/2014

Novanta Corporation (f/k/a GSI Group Corporation)

United States

RFID Reader operating system and associated architecture

7,659,819

3/23/2006

2/09/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

RFID Tagged item trajectory and location estimation system and method

7,859,411

3/25/2008

12/28/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Quarter wave phase shifted diode detector circuit

7,456,746

8/31/2006

11/25/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Apparatus With Multiple Light Detectors And Methods Of Use And Manufacture.

 

7,897,912

 

5/25/2006

3/1/2011

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Synthetic Aperture Video Photometer System.

5,267,038

12/30/1988

11/20/1993

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Multiaxis Photometric Inspection System & Method For Flat Panel Displays.

6,111,243

1/30/1998

8/29/2000

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Led Measuring Device.

7,022,969

5/14/2004

4/4/2006

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser Tube With External Adjustable Reactance For A Gas Discharge RF-Excited
Laser.

7,480,323

5/17/2007

1/20/2009

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System And Method For Laser Beam Coupling Between Waveguide And Optics.

6,603,794

9/5/2001

9/5/2003

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser System And Method For Gain Medium With Output Beam Transverse Profile
Tailoring Longitudinal Strips.

6,614,826

5/5/2000

9/2/2003

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser System And Method For Beam Enhancement.

6,198,759

12/27/1999

3/6/2001

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser With Heat Transfer System And Method.

6,198,758

12/27/1999

 

3/6/2001

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser Assembly System And Method.

6,195,379

12/27/1999

 

2/27/2001

Novanta Corporation (f/k/a GSI Group Corporation)

United States

All Metal Electrode Sealed Gas Laser.

5,953,360

10/24/1997

9/14/1999

Novanta Corporation (f/k/a GSI Group Corporation)

United States

RF-Excited Gas Laser System.

5,602,865

11/14/1995

2/11/1997

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser Tube with Distributed Taps for a Gas Discharge Re-Excited Laser

20120230362

9/13/2012

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser Optic Protection

9,031,110

3/15/2013

5/12/2015

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Waveguide Beam Conditioning for a High Powered Laser

14,707,085

5/8/2015

Pending

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser Resonator with Oarasitic Mode Supression

14,265,779

9,281,651

4/30/2014

2/17/2016

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Multi-Pass Slab Laser with Internal Beam Shaping

14,297,654

9,231,362

6/6/2014

1/5/2016

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Laser Tube with Baffles

14,276,595

9,197,028

5/13/2014

11/24/2015

Novanta Inc. (f/k/a GSI Group Inc.)

United States

DATA STREAM TRANSMISSION PREPROCESSING

7,430,163

7/19/2004

9/30/2008

Novanta Inc. (f/k/a GSI Group Inc.)

United States

AVERAGE EIRP CONTROL OF MULTIPLE ANTENNA TRANSMISSION SIGNALS

7,248,217

8/31/2005

7/24/2007

Novanta Inc. (f/k/a GSI Group Inc.)

United States

SYNCHRONIZATION OF MEDIA ACCESS CONTROL (MAC) SUPERFRAMES

7,480,515

9/29/2005

1/20/2009

Novanta Inc. (f/k/a GSI Group Inc.)

United States

SYNCHRONIZATION OF MEDIA ACCESS CONTROL (MAC) SUPERFRAMES

7,826,860

9/4/2008

11/2/2010

Novanta Inc. (f/k/a GSI Group Inc.)

United States

METHOD AND APPARATUS FOR CALIBRATING FILTERING OF A TRANSCEIVER

7,437,139

10/26/2005

10/14/2008

Novanta Inc. (f/k/a GSI Group Inc.)

United States

METHOD AND APPARATUS FOR TRANSMITTER CALIBRATION

7,623,886

12/14/2005

11/24/2009

Novanta Inc. (f/k/a GSI Group Inc.)

United States

LINK QUALITY PREDICTION

7,440,412

3/13/2006

10/21/2008

Novanta Inc. (f/k/a GSI Group Inc.)

United States

LINK QUALITY PREDICTION

7,719,999

9/4/2008

5/18/2010

Novanta Inc. (f/k/a GSI Group Inc.)

United States

REDUCING IMAGE SPECTRAL LEAKAGE DUE TO I-Q IMBALANCE

7,672,396

6/22/2006

3/2/2010

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Inc. (f/k/a GSI Group Inc.)

United States

CONTROL OF AN ADJUSTABLE GAIN AMPLIFIER

7,417,500

6/19/2006

8/26/2008

Novanta Inc. (f/k/a GSI Group Inc.)

United States

PHASE COMBINING DIVERSITY

7,324,794

9/29/2004

1/29/2008

Novanta Inc. (f/k/a GSI Group Inc.)

United States

AVERAGE POWER CONTROL OF WIRELESS TRANSMISSION HAVING A VARIABLE DUTY CYCLE

7,733,979

3/21/2007

6/8/2010

Novanta Inc. (f/k/a GSI Group Inc.)

United States

ADJUSTING A TRANSMIT TIME OF A WIRELESS DEVICE

8,000,376

1/22/2008

8/16/2011

Novanta Inc. (f/k/a GSI Group Inc.)

United States

SYNCHRONIZATION BAND SELECTION OF A FREQUENCY HOPPING WIRELESS RECEIVER

7,978,748

12/11/2007

7/12/2011

Novanta Inc. (f/k/a GSI Group Inc.)

United States

GENERATING A FREQUENCY SWITCHING LOCAL OSCILLATOR SIGNAL

8,014,486

3/27/2008

9/6/2011

Novanta Inc. (f/k/a GSI Group Inc.)

United States

RECEIVING WIRELESS SIGNALS WITH MULTIPLE DIVERSITY SETTINGS

7,965,787

7/10/2008

6/21/2011

Novanta Inc. (f/k/a GSI Group Inc.)

United States

EMPIRICAL SCHEDULING OF NETWORK PACKETS

7,529,247

9/17/2003

5/5/2009

Novanta Inc. (f/k/a GSI Group Inc.)

United States

EMPIRICAL SCHEDULING OF NETWORK PACKETS USING A PLURALITY OF TEST PACKETS

7,876,692

12/17/2008

1/25/2011

Novanta Inc. (f/k/a GSI Group Inc.)

United States

EMPIRICAL SCHEDULING OF NETWORK PACKETS

7,911,963

4/29/2009

3/22/2011

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Inc. (f/k/a GSI Group Inc.)

United States

EMPIRICAL SCHEDULING OF NETWORK PACKETS USING COARSE AND FINE TESTING PERIODS

7,468,948

10/28/2004

12/23/2008

Novanta Inc. (f/k/a GSI Group Inc.)

United States

ENDPOINT PACKET SCHEDULING SYSTEM

7,339,923

10/31/2003

3/4/2008

Novanta Inc. (f/k/a GSI Group Inc.)

United States

LOCAL AREA NETWORK CONTENTION AVOIDANCE

7,508,813

11/25/2003

3/24/2009

Novanta Inc. (f/k/a GSI Group Inc.)

United States

NETWORK CONNECTION DEVICE

7,453,885

10/13/2004

11/18/2008

Novanta Inc. (f/k/a GSI Group Inc.)

United States

METHOD AND SYSTEM FOR CORRECTION, MEASUREMENT AND DISPLAY OF IMAGES

12/883,004

2011-0063341

9/15/2010

Not Applicable

Novanta Inc. (f/k/a GSI Group Inc.)

United States

ELECTRONIC COLOR AND LUMINANCE MODIFICATION

13/051,962

2012-0032971

3/18/2011

Not Applicable

Novanta Inc. (f/k/a GSI Group Inc.)

United States

MONOCULAR STEREOSCOPIC ENDOSCOPE

11/644,033

12/22/2006

Not Applicable

Novanta Inc. (f/k/a GSI Group Inc.)

United States

WIDE-VIEW DISPLAY SYSTEM FOR MEDICAL SURGICAL APPLICATIONS

11/715,711

3/7/2007

Not Applicable

Novanta Inc. (f/k/a GSI Group Inc.)

United States

SYSTEM AND METHOD FOR ENHANCING LUMINANCE UNIFORMITY IN A LIQUID CRYSTAL DISPLAY
DEVICE

11/809,033

5/30/2007

Not Applicable

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Inc. (f/k/a GSI Group Inc.)

United States

SYSTEM AND METHOD OF DOUBLING THE DRIVING FREQUENCY TO AN LCD PANEL WITH A LIVE
VIDEO SOURCE

12/006,324

12/31/2007

Not Applicable

Novanta Inc. (f/k/a GSI Group Inc.)

United States

SYSTEM AND METHOD OF TESTING A RESISTIVE TOUCHSCREEN SENSOR TO DETERMINE PROPER
COVER LAYER CONSTRUCTION

12/009,006

1/15/2008

Not Applicable

Novanta Inc. (f/k/a GSI Group Inc.)

United States

Cordless and Wireless Surgical Display System

62/253,606

11/10/2015

 

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Imaging System and Method Using a Reflective Background

8,170,322

3/22/2006

5/1/2012

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Infusion pump having radiofrequency identification and optical imaging
capabilities

7,743,975

4/11/2006

6/29/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Combined radio frequency identification and optical imaging module

7,766,235

3/9/2006

8/3/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Electrosurgical device having RFID and optical imaging capabilities

7,614,554

5/25/2006

11/10/2009

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System and Method for Reducing Specular Reflection

8,320,702

9/28/2006

11/27/2012

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Modular radio frequency identification unit

7,764,163

11/8/2006

7/27/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Antenna for combined RFID optical imager

7,631,809

1/25/2007

12/15/2009

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Method For Providing User Feedback In An Autoidentification System

7,942,329

8/14/07

5/17/2011

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Optical Imaging Clinical Sampler

8,005,280

12/12/2007

8/23/2011

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System and method for logo identification and verification

8,162,219

1/9/2008

4/24/2012

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System and Method For Test Tube and Cap Identification

8,170,271

6/25/2008

5/1/2012

Novanta Corporation (f/k/a GSI Group Corporation)

United States

One-Piece Optical Imager Housing and Method For Releasably Locking A One-Piece
Housing Assembly

7,842,890

9/19/2008

11/30/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System and Method for Detection of Liquid Level in a Vessel

7,982,201

9/8/2009

7/19/2011

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System and Method For Panoramic Image Stitching

8,319,823

11/3/2009

11/27/2012

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System and Method For Multiple View Machine Vision Target Location

8,321,055

11/3/2009

11/27/2012

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Hand-held RFID and optical imaging device

D581,931

3/19/2007

12/2/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Hand held optical imager

D612,853

2/12/2009

3/30/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Hand held optical imager having side triggers

D612,855

5/28/2009

3/30/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Sled for a tablet computer

D689,057

11/8/2012

9/3/2013

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Sled for a tablet computer

D689,058

11/20/2012

9/3/2013

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Expedited Image Processing Method

12/195758

8/21/2008

Not Applicable

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Multiple Platform Optical Imager Interface and Communication System

12/268561

11/11/2008

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Handheld Optical Imaging Device and Method

12/508689

7/24/2009

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

System and Method for Test Tube and Cap Identification

13/357,909

1/25/2012

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Automatic Exposure Calibration and Compensation for Machine Vision

13/562,894

7/31/2012

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Scenario Windowing For Expedited Decoding Of Multiple Barcodes

13/562,928

7/31/2012

Not Applicable

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Automatic Exposure Calibration and Compensation for Machine Vision

8,976,257

7/31/2012

3/10/2015

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Scenario Windowing for Expedited Decoding of Multiple Barcodes

9,016,581

7/31/2012

4/28/2015

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Methods and Apparatus for Operating a Radio Device

13/036,182

8,330,580

2/28/2011

12/11/2012

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Methods and Apparatus for RFID Tag Placement

12/698,689

8,576,075

2/2/2010

11/5/2013

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Methods and Apparatuses for RFID Tag Range Determination

12/611,687

8,446,254

11/3/2009

5/21/2013

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Methods and Apparatuses For RFID Tag Range Determination

12/611,724

8,279,112

11/3/2009

10/2/2012

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Systems and Methods for Power Supply Synchronization in Radio Frequency
Identification (RFID) Readers

12/425,932

8,196,831

4/17/2009

6/12/2012

 

--------------------------------------------------------------------------------

Grantor

Country

Title

Application/Publication, Patent No.

Filing Date

Issue Date

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Systems and Methods for Q Value Determination

11/559,227

8,081,063

11/13/2006

12/20/2011

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Systems and Methods for Slot Classification

11/559,248

8,022,814

11/13/2006

9/20/2011

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Methods and Apparatus for RFID Tag Placement

11/459,634

7,683,780

7/24/2006

3/23/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Methods and Apparatus for Operating a Radio Device

11/455,403

7,961,078

6/19/2006

6/14/2011

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Methods and Apparatus for Operating a Radio Device

11/455,508

7,999,658

6/19/2006

8/16/2011

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Systems and Methods for Active Noise Cancellation in an RFID Tag Reader

11/422,075

7,706,764

6/3/2006

4/27/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Radio Frequency Identification Tag Reader

29/246,424

D533178

4/10/2006

12/5/2006

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Dynamically Reconfigurable Antennas for RFID Label Encoders/Readers

11/265,477

7,724,141

11/3/2005

5/25/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

RFID Reader System Incorporating Antenna Orientation Sensing

11/206,914

7,453,363

8/19/2005

11/18/2008

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Multi-Reader Coordination in RFID System

11/171,443

7,898,391

7/1/2005

3/1/2011

Novanta Corporation (f/k/a GSI Group Corporation)

United States

RFID Reader Front End

11/167,401

7,773,945

6/27/2005

8/10/2010

Novanta Corporation (f/k/a GSI Group Corporation)

United States

Methods and Apparatus for Operating a Radio Device

10/448,053

7,075,412

5/29/2003

7/11/2006

 

Licenses

 

 

 

 

 

 

--------------------------------------------------------------------------------

Licensor

Licensee

Patent Number(s)

Novanta Corporation (f/k/a GSI Group Corporation)

Prima U.S., Laserdyne Systems Division,
Laserdyne Prima Inc.

GSI/US - 5,339,103; 5,340,962; 5,521,374; 5,850,068

 

Licensor

Licensee

Trademark Number

Novanta Inc. (f/k/a GSI Group Inc.) and NDS Surgical Imaging, LLC

InoNet Computer GmbH

GSI Group Inc. /US - 3134178

 

 

 

--------------------------------------------------------------------------------

 

SCHEDULE 6.12

Guarantors

Novanta Inc. (f/k/a GSI Group Inc.)

NDS Surgical Imaging, LLC

Novanta Technologies UK Limited (f/k/a GSI Group Limited)

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

SCHEDULE 7.02

Existing Indebtedness

[Omitted].

 

 

--------------------------------------------------------------------------------

 

SCHEDULE 7.05

Certain Properties

None.

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

SCHEDULE 11.02

administrative agent’s OFFICE;
certain ADDRESSES FOR NOTICES

 

BORROWERS or GUARANTORS:

Novanta Inc. (f/k/a GSI Group Inc.)

125 Middlesex Turnpike

Bedford, MA  01730

Attention: Chief Financial Officer

 

With a copy to:

Novanta Inc. (f/k/a GSI Group Inc.)

125 Middlesex Turnpike

Bedford, MA  01730

Attention: Timothy Spinella

Telephone: ###-###-####

Telecopier: ###-###-####

Electronic Mail: ########################

  

And: ####################

Website Address:

www.novanta.com

 

 

ADMINISTRATIVE AGENT:

 

Administrative Agent & Swing Line Lender Office:  
(For financial/loan activity – advances, pay down, interest/fee billing and
payments, rollovers, rate-settings):

Robert Garvey

Bank of America

Mail Code: NC1-001-05-46

One Independence Center

101 N Tryon Street

Charlotte, NC  28255-0001

TELEPHONE: ###-###-####

FAX:  ###-###-####

EMAIL: ######################

 

Remittance Instructions:

BANK OF AMERICA, NA

NEW YORK, NY

ABA ##########

ACCT # #############

NAME: Corporate Credit Services

REF: Novanta Group Corporation

 

 

 

 

 

L/C Issuer’s Office:

(For fee payments due LC Issuer only and new LC requests and amendments):

 

--------------------------------------------------------------------------------

Trade Operations
Mail Code: PA6-580-02-30

1 Fleet Way  
Scranton, PA 18507

FAX: ###-###-####

EMAIL: #####################################

 

Remittance Instructions:

Bank of America, N.A. Charlotte, NC

ABA #: ###-###-### New York, NY

Account #: #####-######

Attn: Scranton Standby

Ref: Novanta Group Corporation & LC #

 

Other Notices as Administrative Agent:

(For financial statements, compliance certificates, maturity extension and
commitment change notices, amendments, consents, vote taking, etc.)

Bank of America – Gateway Village

Mail Code: NC1-026-06-03

900 West Trade Street
Charlotte NC 28255-0001

Attention: Mollie S. Canup

PHONE: ###-###-####

FAX: ###-###-####

EMAIL: #######################