Second Amendment to Amended and Restated Credit and Security Agreement



  
 Exhibit 10.92

  
 SECOND AMENDMENT TO AMENDED AND RESTATED 

CREDIT AND SECURITY AGREEMENT 
  
 This Amendment, dated as of November 26, 2003, is made by and between RF MONOLITHICS, INC., a Delaware corporation (the “Borrower”), and
WELLS FARGO BANK MINNESOTA, N.A., a national banking association (the “Lender”). 
  
 Recitals 
  
 The Borrower and the Lender are parties to that certain Amended and Restated Credit and Security Agreement dated as of February 3, 2003, as amended by that certain First Amendment to Amended and Restated Credit and Security Agreement dated
as of May 31, 2003 (the “Credit Agreement”). Capitalized terms used in this Amendment which are defined in the Credit Agreement shall have the same meanings as defined therein, unless otherwise defined herein. 
  
 The Borrower has requested that certain amendments be made to the Credit
Agreement and the other Loan Documents, which the Lender is willing to make pursuant to the conditions set forth herein. 
  
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows: 
  
 1. Defined Terms. Section 1.1 of the Credit Agreement is amended by
deleting therefrom the definition of “Special Charges”. 
  
 2. Amendment to Section 6.15. Section 6.15 of the Credit Agreement is amended and restated in its entirety to read as follows: 
  
 Section 6.15 Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth in an
amount not less than the amount set forth below: 
  
 (a) From September 1, 2003 through November 30, 2003, a minimum Book Net Worth of not less than $150,000 less than the Book Net Worth as at the prior FYE; 
  
 (b) From December 1, 2003 through February 29, 2004, a minimum Book Net Worth of not less than the Book Net
Worth as at the prior FYE plus $60,000; 
  
 (c)
From March 1, 2004 through May 31, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE plus $350,000; and 
  









 (d) From June 1, 2004 through August 31, 2004, a minimum Book Net Worth of not less than
the Book Net Worth as the prior FYE plus $500,000. 
  
 3.
Amendment to Section 6.16. Section 6.16 of the Credit Agreement is amended and restated in its entirety to read as follows: 
  
 Section 6.16 Quarterly Minimum Net Income. The Borrower will achieve (a) during the three-month fiscal period ending on November
30, 2003, a minimum Net Income of greater than <$150,000>; (b) during the six-month fiscal period ending on February 29, 2004, a minimum Net Income of greater than $60,000; (c) during the nine-month fiscal period ending on May 31, 2004, a
minimum Net Income of greater than $350,000; and (d) for the fiscal year ending August 31, 2004, a minimum Net Income of greater than $500,000. 
  
 4. Amendment to Section 6.17. Section 6.17 of the Credit Agreement is amended and restated in its entirety to read as follows: 
  
 Section 6.17 Monthly Minimum Net Income. The Borrower
will achieve, as of the end of each month, a minimum Net Income of greater than <$200,000>. 
  
 5. Amendment to Section 6.18. Section 6.18 of the Credit Agreement is amended and restated in its entirety as follows: 
  
 Section 6.18 New Covenants. On or before November 30,
2004, the Borrower and the Lender shall agree on new covenant levels for Sections 6.15, 6.16, 6.17 and 7.10 for periods after such date. The new covenant levels will be based on Borrower’s projections for such periods and will be set by the
Lender in accordance with past practices. 
  
 6. Amendment to
Section 7.10. Section 7.10 of the Credit Agreement is amended and restated in its entirety as follows: 
  
 Section 7.10 Capital Expenditures. The Borrower will not incur or contract to incur Capital Expenditures during the fiscal year
ending August 31, 2004, in the aggregate, of more than the sum of $1,000,000 plus the lesser of (i) 50% of Net Income for the current fiscal year, or (ii) 50% of Excess Cash Flow for the current fiscal year. 
  
 7. Amendment to Exhibit C. Exhibit C to the Credit Agreement is
hereby amended to be in the form of Exhibit C to this Amendment. 
  
 8. No Other Changes. Except as explicitly amended by this Amendment, all of the terms and conditions of the Credit Agreement shall remain in full force and effect and shall apply to any advance or letter of credit thereunder.

  

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 9. Conditions Precedent. This Amendment shall be effective as of the date hereof when the Lender
shall have received an executed original hereof, together with each of the following, each in substance and form acceptable to the Lender in its sole discretion: 
  
 (a) A Certificate of the Secretary of the Borrower certifying as to (i) the resolutions of the board of
directors of the Borrower approving the execution and delivery of this Amendment, (ii) the fact that the certificate of incorporation and bylaws of the Borrower, which were certified and delivered to the Lender pursuant to the Certificate of
Secretary dated as of February 3, 2003, continue in full force and effect and have not been amended or otherwise modified except as set forth in the Certificate to be delivered, and (iii) certifying that the officers and agents of the Borrower who
have been certified to the Lender, pursuant to the Certificate of Secretary dated as of February 3, 2003, as being authorized to sign and to act on behalf of the Borrower continue to be so authorized or setting forth the sample signatures of each of
the officers and agents of the Borrower authorized to execute and deliver this Amendment and all other documents, agreements and certificates on behalf of the Borrower. 
  
 (b) Such other matters as the Lender may require. 
  
 10. Representations and Warranties. The Borrower hereby represents and
warrants to the Lender as follows: 
  
 (a) The
Borrower has all requisite power and authority to execute this Amendment and to perform all of its obligations hereunder, and this Amendment has been duly executed and delivered by the Borrower and constitutes the legal, valid and binding obligation
of the Borrower, enforceable in accordance with its terms. 
  
 (b) The execution, delivery and performance by the Borrower of this Amendment have been duly authorized by all necessary corporate action and do not (i) require any authorization, consent or approval by any
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, (ii) violate any provision of any law, rule or regulation or of any order, writ, injunction or decree presently in effect, having applicability to
the Borrower, or the articles of incorporation or by-laws of the Borrower, or (iii) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, lease or instrument to which the Borrower is a
party or by which it or its properties may be bound or affected. 
  
 (c) All of the representations and warranties contained in Article V of the Credit Agreement are correct on and as of the date hereof as though made on and as of such date, except to the extent that such
representations and warranties relate solely to an earlier date. 
  
 11. References. All references in the Credit Agreement to “this Agreement” shall be deemed to refer to the Credit Agreement as amended hereby; and any and all references in the 

  

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Security Documents to the Credit Agreement shall be deemed to refer to the Credit Agreement as amended hereby. 
  
 12. No Waiver. The execution of this Amendment and acceptance of any
documents related hereto shall not be deemed to be a waiver of any Default or Event of Default, breach or default under the Credit Agreement or breach, default or event of default under any Security Document or other document held by the Lender,
whether or not known to the Lender and whether or not existing on the date of this Amendment. 
  
 13. Release. THE BORROWER HEREBY ABSOLUTELY AND UNCONDITIONALLY RELEASES AND FOREVER DISCHARGES THE LENDER, AND ANY AND ALL PARTICIPANTS, PARENT CORPORATIONS, SUBSIDIARY CORPORATIONS, AFFILIATED
CORPORATIONS, INSURERS, INDEMNITORS, SUCCESSORS AND ASSIGNS THEREOF, TOGETHER WITH ALL OF THE PRESENT AND FORMER DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES OF ANY OF THE FOREGOING, FROM ANY AND ALL CLAIMS, DEMANDS OR CAUSES OF ACTION OF ANY KIND,
NATURE OR DESCRIPTION, WHETHER ARISING IN LAW OR EQUITY OR UPON CONTRACT OR TORT OR UNDER ANY STATE OR FEDERAL LAW OR OTHERWISE, WHICH THE BORROWER HAS HAD, NOW HAS OR HAS MADE CLAIM TO HAVE AGAINST ANY SUCH PERSON FOR OR BY REASON OF ANY ACT,
OMISSION, MATTER, CAUSE OR THING WHATSOEVER ARISING FROM THE BEGINNING OF TIME TO AND INCLUDING THE DATE OF THIS AMENDMENT, WHETHER SUCH CLAIMS, DEMANDS AND CAUSES OF ACTION ARE MATURED OR UNMATURED OR KNOWN OR UNKNOWN. 
  
 14. Costs and Expenses. The Borrower hereby reaffirms its agreement
under the Credit Agreement to pay or reimburse the Lender on demand for all costs and expenses incurred by the Lender in connection with the Loan Documents, including without limitation all reasonable fees and disbursements of legal counsel. Without
limiting the generality of the foregoing, the Borrower specifically agrees to pay all fees and disbursements of counsel to the Lender for the services performed by such counsel in connection with the preparation of this Amendment and the documents
and instruments incidental hereto. The Borrower hereby agrees that the Lender may, at any time or from time to time in its sole discretion and without further authorization by the Borrower, make a loan to the Borrower under the Credit Agreement, or
apply the proceeds of any loan, for the purpose of paying any such fees, disbursements, costs and expenses. 
  
 15. Miscellaneous. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an
original and all of which counterparts, taken together, shall constitute one and the same instrument. 
  
 16. Governing Law; Jurisdiction, Venue; Waiver of Jury Trial. This Amendment and the Loan Documents shall be governed by and construed in
accordance with the substantive laws (other than conflict laws) of the State of Texas. Each party hereto hereby (i) consents to the 

  

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personal jurisdiction of the state and federal courts located in the State of Texas in connection with any controversy related to this Amendment; (ii) waives
any argument that venue in any such forum is not convenient, (iii) agrees that any litigation initiated by the Lender or the Borrower in connection with this Amendment or the other Loan Documents shall be venued in either the District Court of
Collin County, Texas, or the United States District Court for the Northern District of Texas; and (iv) agrees that a final judgment in any such suit, action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. THE PARTIES WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED ON OR PERTAINING TO THIS AMENDMENT. 
  
 17. ENTIRE AGREEMENT. THIS AMENDMENT AND ALL OTHER INSTRUMENTS, DOCUMENTS AND AGREEMENTS EXECUTED AND DELIVERED IN
CONNECTION WITH THIS AMENDMENT EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT
BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO. 
  
 (Signature Page Follows) 
  

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

	 WELLS FARGO BANK MINNESOTA, N.A.
	 	 	 	 RF MONOLITHICS, INC.

					
	By	 	/s/    B. K. YOUNG        	 	 	 	By	 	/s/    DAVID M. KIRK        
	 	
	 	 	 	 	

	 Name:
	 	Bradford K. Young	 	 	 	 	 	David M. Kirk
	 Title:
	 	Vice President	 	 	 	 	 	President

  









 Exhibit C to Credit and Security Agreement 
  
 Compliance Certificate 
  

		
	TO:	 	  


	 	 	 Wells Fargo Bank Minnesota, N.A.

		
	DATE:  	 	                     , 20    

		
	RE:	 	 RF MONOLITHICS, INC.
 Financial Statements


  
 In accordance with our
Amended and Restated Credit and Security Agreement dated as of February 3, 2003 (as amended, the “Credit Agreement”), attached are the financial statements of RF MONOLITHICS, INC. (the “Borrower”) as of and for
                    ,              (the “Reporting Date”)
and the year-to-date period then ended (the “Current Financials”). All terms used in this certificate have the meanings given in the Credit Agreement. 
  
 I certify that the Current Financials have been prepared in accordance with GAAP, subject to year-end audit adjustments, and
fairly present the Borrower’s financial condition and the results of its operations as of the date thereof. 
  
 Events of Default. (Check one): 
  

	 	 ̈	The undersigned does not have knowledge of the occurrence of a Default or Event of Default under the Credit Agreement except as otherwise previously reported in writing to Wells
Fargo Bank Minnesota, N.A. 

  

	 	 ̈	The undersigned has knowledge of the occurrence of a Default or Event of Default under the Credit Agreement and attached hereto is a statement of the facts with respect thereto.


  
 Financial Covenants. I further hereby
certify as follows: 
  
 18. Minimum Tangible Net Worth.
Pursuant to Section 6.14 of the Credit Agreement, as of the Reporting Date, the Borrower’s Tangible Net Worth was $                    
which  ̈ satisfies  ̈ does not satisfy
the requirement set forth in Section 6.14 that the Borrower’s Tangible Net Worth be not less than $1.00 as of the end of each month. 
  









 19. Minimum Book Net Worth. Pursuant to Section 6.15 of the Credit Agreement, as of the Reporting
Date the Borrower’s Book Net Worth was $                     which  ̈ satisfies  ̈ does not satisfy the requirement that its Book Net Worth be not
less than the amount set forth below: 
  
 (a)
From September 1, 2003 through November 30, 2003, a minimum Book Net Worth of not less than $150,000 less than the Book Net Worth as at the prior FYE; 
  
 (b) From December 1, 2003 through February 29, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE plus
$60,000; 
  
 (c) From March 1, 2004 through May
31, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE plus $350,000; and 
  
 (d) From June 1, 2004 through August 31, 2004, a minimum Book Net Worth of not less than the Book Net Worth as the prior FYE plus
$500,000. 
  
 20. Quarterly Minimum Net Income. Pursuant to
Section 6.16 of the Credit Agreement, as of the Reporting Date the Borrower’s Net Income was $                     which  ̈ satisfies  ̈ does not satisfy the requirement that
it achieve Net Income at all times as follows: (a) during the three-month fiscal period ending on November 30, 2003, a minimum Net Income of greater than <$150,000>; (b) during the six-month fiscal period ending on February 29, 2004, a minimum
Net Income of greater than $60,000; (c) during the nine-month fiscal period ending on May 31, 2004, a minimum Net Income of greater than $350,000; and (d) for the fiscal year ending August 31, 2004, a minimum Net Income of greater than $500,000.

  
 21. Monthly Minimum Net Income. Pursuant to Section
6.17 of the Credit Agreement, as of the Reporting Date the Borrower’s Net Income was $                     which  ̈ satisfies  ̈ does not satisfy the requirement that
the Borrower achieve as of the end of each month, a minimum Net Income of greater than <$200,000>. 
  
 22. Capital Expenditures. Pursuant to Section 7.10 of the Credit Agreement, for the year-to-date period ending on the Reporting Date, the Borrower
has expended or contracted to expend during the fiscal year ended                     , 20    , for Capital
Expenditures, $                     in the aggregate, of which
$                     is unfinanced, which  ̈ satisfies  ̈ does not satisfy the requirement that such expenditures not exceed the sum of $1,000,000 plus the lesser of (i) 50% of Net
Income for the current fiscal year, or (ii) 50% of Excess Cash Flow for the current fiscal year. 
  
 Attached hereto are all relevant facts in reasonable detail to evidence, and the computations of the financial covenants referred to above. These
computations were made in accordance with GAAP. 
  

	 RF MONOLITHICS, INC.

		
	By	 	 
	 	

	 Its
	 	Chief Financial Officer