Document:

exv4w4

Exhibit 4.4

This Instrument Prepared By

and after recording return to:

Jackson Walker L.L.P.

901 Main Street, Suite 6000

Dallas, Texas 75202-3797

Attention: David S. Stolle

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

     THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is executed effective as of January 30, 2009 by and between TYLER
TECHNOLOGIES, INC. a Delaware corporation (“Borrower”) and BANK OF TEXAS, N.A., a national
banking association (“Lender”).

W I  T  N  E  S  S  E  T  H:

     WHEREAS, Borrower and Lender entered into that certain Second Amended and Restated Credit
Agreement, dated October 20, 2008, pursuant to which Lender agreed to make the Loan (as therein
defined) available to Borrower (as heretofore or hereafter amended, the “Credit
Agreement”)(each capitalized term used herein, but not otherwise defined shall have the same
meaning given to it in the Credit Agreement); and

     WHEREAS, Borrower has requested that Lender modify the Credit Agreement to increase the amount
of Borrower’s stock that Borrower is permitted to repurchase.

     WHEREAS, Although Lender is under no obligation to do so, Lender is willing to agree to
Borrower’s request on the terms and conditions set forth in this Amendment.

     NOW, THEREFORE, in consideration of the covenants, conditions and agreements hereinafter set
forth, and for other good and valuable consideration, the receipt and adequacy of which are all
hereby acknowledged, Borrower and Lender hereby covenant and agree as follows:

ARTICLE I — AMENDMENTS

Section 1.1. Amendments: Definitions. The following definition set forth in Article I of
the Credit Agreement is hereby amended and restated in its entirety as follows:

     “Permitted Distribution” shall mean, with respect to the
stock of Borrower, the repurchase of such stock by Borrower in an
aggregate amount not to exceed $30,000,000 in the immediately
preceding twelve (12) month period. For purposes of calculating the
aggregate amount allowed hereunder, such amount shall include only the
stock repurchased by Borrower on a going forward basis, beginning as
of the Closing Date, and shall not include any stock repurchased by
Borrower before the Closing Date.

	 	 	 
	FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (Tyler Technologies)

	 	Page 1

 

 

ARTICLE II — MISCELLANEOUS

Section 2.1. Conditions to Closing. As a condition to the closing of the Amendment,
Borrower shall execute and deliver this Amendment, and execute and deliver such other documents as
may be necessary or as may be required, in the opinion of counsel to Lender, to effect the
transactions contemplated hereby and continue the liens and/or security interests of all other
collateral instruments, as modified by this Amendment.

Section 2.2. Continuing Effect. Except as modified and amended hereby, the Credit
Agreement and other Loan Documents are and shall remain unchanged and hereby are ratified and
confirmed and shall be and shall remain in full force and effect, enforceable in accordance with
their terms.

Section 2.3. Payment of Expenses. Borrower agrees to pay to Lender the attorneys’ fees and
expenses of Lender’s counsel and other expenses incurred by Lender in connection with this
Amendment.

Section 2.4. Binding Agreement. This Amendment shall be binding upon, and shall inure to
the benefit of, the parties’ respective representatives, successors and assigns.

Section 2.5. Nonwaiver of Events of Default; No Claims. Neither this Amendment nor any
other document executed in connection herewith constitutes or shall be deemed (a) a waiver of, or
consent by Lender to, any Default or Event of Default which may exist or hereafter occur under any
of the Loan Documents, (b) a waiver by Lender of any of Borrower’s obligations under the Loan
Documents, or (c) a waiver by Lender of any rights, offsets, claims, or other causes of action that
Lender may have against Borrower. Borrower’s execution of this Amendment and any other document
executed in connection herewith shall not be deemed to waive any rights or claims Lender may have
under the Loan Documents, as amended hereby.

Section 2.6. Intentionally Omitted.

Section 2.7. Usury Savings Clause. Notwithstanding anything to the contrary in this
Amendment, the Note or any other Loan Document, or in any other agreement entered into in
connection with the Note or securing the indebtedness evidenced by the Note, whether now existing
or hereafter arising and whether written or oral, it is agreed that the aggregate of all interest
and other charges constituting interest, or adjudicated as constituting interest, and contracted
for, chargeable or receivable under the Note or otherwise in connection with the Note shall under
no circumstances exceed the maximum rate of interest permitted by applicable law. In the event the
maturity of the Note is accelerated by reason of an election by the holder thereof resulting from a
default thereunder or under any other document executed as security therefor or in connection
therewith, or by voluntary prepayment by the maker, or otherwise, then earned interest may never
include more than the maximum rate of interest permitted by applicable law. If from any
circumstance any holder of any of the Note shall ever receive interest or any other charges
constituting interest, or adjudicated as constituting interest, the amount, if any, which would
exceed the maximum rate of interest permitted by applicable law shall be applied to the reduction
of the principal amount owing on such Note or on account of any other principal indebtedness of the
maker to the holders of such Note, and not to the payment of interest, or if such excessive
interest exceeds the unpaid balance of principal thereof and such other indebtedness, the amount of
such excessive interest that exceeds the unpaid balance of principal thereof and such other
indebtedness shall be refunded to the maker. All sums paid or agreed to be paid to the holder of
the Note for the use, forbearance or detention of the indebtedness of the maker to the holder of
such Note shall be amortized, prorated, allocated and spread throughout the full term of such
indebtedness until payment in full for the purpose of determining the actual rate on such
indebtedness is uniform throughout the term thereof.

	 	 	 
	FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (Tyler Technologies)

	 	Page 2

 

 

     The terms “maximum amount” or “maximum rate” as used in this Amendment or the Note, or in any
other agreement entered into in connection with the Note or securing the indebtedness evidenced by
the Note, whether now existing or hereafter arising and whether written or oral, include, as to
Chapter 303 of the Texas Finance Code (and as same may be incorporated by reference in other
statutes of the State of Texas), but otherwise without limitation, that rate based upon the “weekly
ceiling”; provided, however, that this designation shall not preclude the rate of interest
contracted for, charged or received in connection with the Loan from being governed by, or
construed in accordance with, any other state or federal law.

Section 2.8. Counterparts. This Amendment may be executed in several counterparts, all of
which are identical, each of which shall be deemed an original, and all of which counterparts
together shall constitute one and the same instrument, it being understood and agreed that the
signature pages may be detached from one or more of such counterparts and combined with the
signature pages from any other counterpart in order that one or more fully executed originals may
be assembled.

Section 2.9. Choice of Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS, EXCEPT TO THE EXTENT FEDERAL LAWS PREEMPT THE LAWS
OF THE STATE OF TEXAS.

Section 2.10. Entire Agreement. This Amendment, together with the other Loan Documents,
contain the entire agreements between the parties relating to the subject matter hereof and
thereof. This Amendment and the other Loan Documents may be amended, revised, waived, discharged,
released or terminated only by a written instrument or instruments, executed by the party against
which enforcement of the amendment, revision, waiver, discharge, release or termination is
asserted. Any alleged amendment, revision, waiver, discharge, release or termination which is not
so documented shall not be effective as to any party.

     THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE
PARTIES RELATED TO THE SUBJECT MATTER HEREIN CONTAINED AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

	 	 	 
	FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (Tyler Technologies)

	 	Page 3

 

 

     IN WITNESS WHEREOF, this Amendment is executed effective as of the date first written above.

	 	 	 	 	 
	 	LENDER:

BANK OF TEXAS, N.A.,

a national banking association

 	 
	 	By:  	 	 
	 	 	Alan Morris, Vice President 	 
	 	 	 	 
	 
	 	BORROWER:

TYLER TECHNOLOGIES, INC., a Delaware 

corporation

 	 
	 	By:  	 	 
	 	 	Brian K. Miller, 	 
	 	 	Executive Vice President and

Chief Financial Officer 	 
	 

	 	 	 
	FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (Tyler Technologies)

	 	Signature Pageexv10w44

EXHIBIT 10.44

FIRST AMENDMENT TO

EMPLOYMENT AGREEMENT

     This First Amendment (this “Amendment”) to the Employment Agreement (the “Employment
Agreement”), dated as of December 31, 2008, between Coinstar, Inc., a Delaware corporation
(“Employer”), and David W. Cole (“Employee”) is entered into on December 31, 2008.

     WHEREAS, Employer and Employee wish to document an amendment to the Employment Agreement;

     NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, Employer and Employee hereby agree that, effective January 1, 2009, the
Employment Agreement shall be amended as follows:

     1. The second reference to Section 1.4 is corrected as Section 1.5.

     2. Section 3.1 is amended to read as follows:

     3.1 Termination by Employer

     If Employer terminates Employee’s employment without Cause during the Term, Employee
shall be entitled to receive (a) termination payments equal to twelve (12) months’ annual
base salary, and (b) any unpaid annual base salary which has accrued for services already
performed as of the date termination of Employee’s employment becomes effective. All
amounts payable pursuant to this Section 3.1 (or pursuant to Section 3.2) shall be reduced
for applicable deductions and tax withholding. If, as a result of the termination of
Employee’s employment without Cause, Employee and Employee’s spouse and dependent children
are eligible for and timely (and properly) elect to continue coverage under Employer’s
group health plan(s) in accordance with Code Section 4980B(f) (“COBRA”), Employer shall pay
the premium for such coverage for a period of twelve (12) months following the date of
Employee’s termination or until Employee is no longer entitled to COBRA continuation
coverage under Employer’s group health plan(s), whichever period is the shorter. All other
Employer benefits cease on the date of termination without Cause. If Employee is
terminated by Employer for Cause during the Term, Employee shall not be entitled to receive
any of the foregoing benefits, other than those set forth in Section 3.1(b) above.

     3. Section 3.3 is amended to read as follows:

     3.3 Payment Schedule

     All amounts payable pursuant to Section 3.1(b) and 3.2 hereof shall be paid to
Employee at the same time such amounts would have been paid to Employee had

 

 

Employee’s employment not been terminated (or at such earlier time as is required by law). All
amounts payable pursuant to Section 3.1(a) hereof shall be paid to Employee in twelve (12)
equal monthly installments, beginning with the month following the month containing the
date of Employee’s termination and continuing for eleven (11) consecutive months
thereafter. For purposes of Section 409A of the Internal Revenue Code of 1986, as amended
(the “Code”), each such installment shall be treated as a separate payment.

     4. The following new Section 3.5 is inserted immediately after Section 3.4:

     3.5 Code Section 409A

     The Employer makes no representations or warranties to Employee with respect to any
tax, economic or legal consequences of this Agreement or any payments or other benefits
provided hereunder, including without limitation under Code Section 409A, and no provision
of this Agreement shall be interpreted or construed to transfer any liability for failure
to comply with Code Section 409A or any other legal requirement from Employee or any other
person to the Employer, any of its affiliates or any other person. Employee, by executing
this Agreement, shall be deemed to have waived any claim against the Employer, its
affiliates and any other person with respect to any such tax, economic or legal
consequences. However, the parties intend that this Agreement and the payments and other
benefits provided hereunder shall be exempt from the requirements of Code Section 409A to
the maximum extent possible, whether pursuant to the short-term deferral exception
described in Treasury Regulation Section 1.409A-1(b)(4), the involuntary separation pay
plan exception described in Treasury Regulation Section 1.409A-1(b)(9)(iii), or otherwise.
To the extent Code Section 409A is applicable to this Agreement (and such payments and
benefits), the parties intend that this Agreement (and such payments and benefits) shall
comply with the deferral, payout and other limitations and restrictions imposed under Code
Section 409A. Notwithstanding any other provision of this Agreement to the contrary, this
Agreement shall be interpreted, operated and administered in a manner consistent with such
intentions. Without limiting the generality of the foregoing, and notwithstanding any
other provision of this Agreement to the contrary, with respect to any payments and
benefits under this Agreement to which Code Section 409A applies, all references in this
Agreement to termination of Employee’s employment are intended to mean Employee’s
“separation from service,” within the meaning of Code Section 409A(a)(2)(A)(i). In
addition, if Employee is a “specified employee,” within the meaning of Code
Section 409A(a)(2)(B)(i), when he/she separates from service, within the meaning of Code
Section 409A(a)(2)(A)(i), then to the extent necessary to avoid subjecting Employee to the
imposition of any additional tax under Code Section 409A, amounts that would otherwise be
payable under this Agreement during the six-month period immediately following Employee’s
separation from service shall not be paid to Employee during such period, but shall instead
be accumulated and paid to Employee (or, in the event of Employee’s death, Employee’s
estate) in a lump sum on the first

2

 

business day following the earlier of (a) the date that is six months after Employee’s
separation from service or (b) Employee’s death.

     5. The Section 6 copy address is amended as follows:

	 
	     Perkins Coie llp

	     Attn: Lynn E. Hvalsoe

	     1201 Third Ave., 48th Floor

	     Seattle, WA 98101-3099

     IN WITNESS WHEREOF, the parties have executed and entered into this Amendment on the date set
forth above.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	COINSTAR, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	/s/
David W. Cole

	 	 	 	By
	 	/s/ Donald R. Rench
	 	 
	 

David W. Cole

	 	 	 	Its
	 	 

Secretary
	 	 
	 

	 	 	 	 	 	 

	 	 

3

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