Document:

Exhibit 10.1 

Execution Version 

   

  FIRST AMENDMENT AND WAIVER TO CREDIT AGREEMENT

         This FIRST AMENDMENT AND WAIVER TO
CREDIT AGREEMENT, dated as of May 2, 2008 (this
“Amendment”), to the Credit Agreement referred to below, by and among the
lenders identified on the signature pages hereof (such lenders, together with
their respective successors and permitted assigns, are referred to hereinafter
each individually as a “Lender” and collectively as the “Lenders”),
GoAmerica, Inc., a Delaware
corporation (“Borrower”), the letter of credit issuers thereto (the “L/C
Issuers”), Churchill Financial LLC, as administrative agent for the Lenders
and the L/C Issuers (in such capacity, and together with its successors and
permitted assigns, the “Administrative Agent”) and Ableco
Finance LLC, as collateral agent for the Lenders and the L/C Issuers (in such
capacity, and together with its successors and permitted assigns, the
“Collateral Agent”, and together with the Administrative Agent, the “Agents”).

  W I T N E S S
E T H

       WHEREAS, Borrower, Agents, the
Lenders and L/C Issuers signatory thereto from time to time are parties to that
certain Credit Agreement, dated as of January 10, 2008
(as amended, restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”); and

       WHEREAS, Agents
and Required Lenders have agreed to waive, pursuant to and in accordance with
the terms of the Credit Agreement, certain Events of Default, in the manner,
and on the terms and conditions provided for herein; and

       WHEREAS,
Borrower has requested, and Agents and Required Lenders have agreed, to amend
the Credit Agreement in the manner, and on the terms and conditions, provided
for herein.

       NOW THEREFORE, in consideration
of the promises and for other good and valuable consideration, the receipt,
adequacy and sufficiency of which are hereby acknowledged, the Loan Parties,
Agents and Lenders hereby agree as follows:

       1.                  
Definitions. Capitalized terms not otherwise defined herein
(including in the Recitals hereto) shall have the meanings ascribed to them in
the Credit Agreement.

       2.                  
Waiver. Pursuant to Section 11.1(a)(2) of the Credit
Agreement, as of the First Amendment Effective Date (as hereinafter defined),
Agents and Required Lenders hereby waive the Events of Default under Section
9.1(c) of the Credit Agreement resulting solely from the failure of the Borrower
to comply with Schedule 7.15(2) of the Credit Agreement prior to the First
Amendment Effective Date; provided, that the Borrower complies with such
Schedule 7.15(2) as amended hereby.

       3.                  
Amendment. Pursuant to Section 11.1(a)(3) of the Credit
Agreement, as of the First Amendment Effective Date, Schedule 7.15(2) of
the Credit Agreement is hereby amended by deleting “90” where it appears in such
Schedule 7.15(2) and substituting in lieu thereof “180”.

       4.                  
Remedies. This Amendment shall constitute a Loan Document.
The breach by any Loan Party of any covenant or agreement in this Amendment (including
Section 2 hereof) shall constitute an immediate Event of Default
hereunder and under the other applicable Loan Documents.

 
	 	
1	 

  

       5.                  
Representations and Warranties. To induce Agents and Required Lenders to enter into
this Amendment, the Borrower (and, to the extent set forth in any other Loan
Document, each other Loan Party) hereby jointly and severally represents and
warrants that:

            (a)               
The execution, delivery and
performance by each Loan Party of this Amendment and the performance of
the Credit Agreement as amended by this Amendment (the “Amended Credit
Agreement”) (i) are within such Loan Party’s corporate or similar powers
and, at the time of execution thereof, have been duly authorized by all
necessary corporate and similar action (including, if applicable, consent of the
holders of its Securities), (ii) do not (A) contravene such Loan Party’s
Constituent Documents, (B) violate any material Requirement of Law in any
material respect, (C) in any material respect, conflict with, contravene,
constitute a default or breach under any material Contractual Obligation of any
Loan Party or any of its Subsidiaries, or result in or permit the termination
or acceleration of any such material Contractual Obligation, or (D) result
in the imposition of any Lien (other than a Permitted Lien) upon any property
of any Loan Party or any of its Subsidiaries and (iii) do not require any
Permit of, or filing with, any Governmental Authority or any consent of, or
notice to, any Person.

            (b)               
From and after its delivery to the
Administrative Agent, this Amendment has been duly executed and delivered to
the other parties hereto by each Loan Party party hereto and this Amendment and
the Amended Credit Agreement is the legal, valid and binding obligation of such
Loan Party and is enforceable against such Loan Party in accordance with its
terms, except as may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting creditors’ rights
generally or by general equitable principles relating to enforceability.

            (c)               
No Default or Event of Default has
occurred and is continuing after giving effect to this Amendment.

            (d)               
No action, claim or proceeding is
now pending or, to the knowledge of any Loan Party, threatened against any Loan
Party, at law, in equity or otherwise, before any court, board, commission,
agency or instrumentality of any federal, state, or local government or of any
agency or subdivision thereof, or before any arbitrator or panel of
arbitrators, which (i) challenges any Loan Party’s right, power, or competence
to enter into this Amendment or perform any of its obligations under this
Amendment, the Amended Credit Agreement or any other Loan Document, or the
validity or enforceability of this Amendment, the Amended Credit Agreement or
any other Loan Document or any action taken under this Amendment, the Amended
Credit Agreement or any other Loan Document or (ii) if determined adversely, is
reasonably likely to have or result in a Material Adverse Effect. 

            (e)               
After giving effect to this
Amendment, the representations and warranties of Borrower and the other Loan
Parties contained in the Amended Credit Agreement and each other Loan Document
are true and correct in all material respects (provided, that if any
representation or warranty is by its terms qualified by concepts of
materiality, such representation shall be true and correct in all respects) on
and as of the First Amendment Effective Date with the same effect as if such
representations and warranties had been made on and as of such date, except
that any such representation or warranty which is expressly made only as of a
specified date need be true only as of such date.

       6.                  
No Amendments/Waivers. The Credit Agreement and the other Loan Documents
shall continue to be in full force and effect in accordance with their
respective terms and, except as expressly provided herein, shall be
unmodified. In addition, except as expressly provided herein, this Amendment
shall not be deemed an amendment, consent or waiver of any term or condition of
any Loan Document or a forbearance by Agents or Lenders with respect to any
right or remedy which Agents or Lenders may now or in the future have under the
Loan Documents, at law or in equity or 

   

  	 	
2	 

  

  

  otherwise or be deemed to prejudice any
rights or remedies which Agents or Lenders may now have or may have in the
future under or in connection with any Loan Document or under or in connection
with any Default or Event of Default which may now exist or which may occur
after the date hereof.

       7.                  
Expenses. Each of Borrower and each other Loan Party hereby
reconfirms its respective obligations pursuant to Section 11.3 of the
Credit Agreement and to pay and reimburse Agents, for all reasonable costs and
expenses (including, without limitation, reasonable fees of one legal counsel)
incurred in connection with the negotiation, preparation, execution and
delivery of this Amendment and all other documents and instruments delivered in
connection herewith.

       8.                  
Affirmation of Existing Loan
Documents. After giving effect to
this Amendment, each Loan Party (a) confirms and agrees that its obligations
under each of the Loan Documents to which it is a party shall continue without
any diminution thereof and shall remain in full force and effect on and after
the date hereof, and (b) confirms and agrees that the Liens granted pursuant to
the Collateral documents to which it is a party shall continue without any
diminution thereof and shall remain in full force and effect on and after the
date hereof.

       9.                  
Effectiveness. This Amendment shall become effective as of April 9, 2008 (the “First
Amendment Effective Date”) only upon satisfaction in full in the judgment
of Agents of each of the following conditions on or prior to the date hereof:

            (a)               
Amendment. Agents shall have received four (4) copies of this
Amendment duly executed and delivered by Agents, the Required Lenders and the
Borrower.

            (b)               
Payment of Fees and Expenses. Borrower shall have paid all costs, fees and
expenses owing in connection with this Amendment and the other Loan Documents
and due to Agents (including, without limitation, reasonable legal fees and
expenses of one legal counsel).

       10.              
GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
  YORK.

       11.              
Counterparts. This Amendment may be executed by the parties
hereto on any number of separate counterparts and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.

  [Signature page follows] 

    

  

  

  	 	
3	 

  

  

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

   

  	  	GOAMERICA, INC., as
  Borrower 
	 	 
	 	
        
          By: /s/ Donald G. Barnhart       

      
	 	
        Name: Donald G. Barnhart

      
	 	
        Title: Senior Vice
  President

      

   

  	 	
4	 

  

  
  
  

    

    

  	   	AGENTS
AND
LENDERS:
	 	 
	 	CHURCHILL FINANCIAL LLC, as 

        Administrative Agent
	 	 
	 	
        
          By: /s/ Chris Cox                          

      
	 	
        Name: Chris Cox

      
	 	
        Title: Managing Director

      
	 	
         

      
	 	CHURCHILL FINANCIAL FUNDING
  LLC, as Lender
	 	 
	 	
        By: /s/ Chris Cox                          

      
	 	
        Name: Chris Cox

      
	 	
        Title: Managing Director

      
	 	
         

      
	 	CHURCHILL FINANCIAL CAYMAN LTD., as Lender
	 	 
	 	
        By: Churchill
  Financial LLC, as its Collateral Manager

      
	 	 
	 	
        By: /s/ Chris Cox                        

      
	 	
        Name: Chris Cox

      
	 	
        Title: Managing Director

      
	 	
         

      

   

  	 	
5	 

  

  
   
  	   	ABLECO FINANCE LLC, as
  Collateral Agent 

        and Lender
	 	 
	 	
        By: /s/ Daniel Wolf                        

      
	 	
        Name: Daniel Wolf

      
	 	
        Title: President

      

   

  	 	
6Exhibit 10.2 

       Execution
Version 

   

  FIRST AMENDMENT AND WAIVER TO

SECOND LIEN CREDIT AGREEMENT

       This
FIRST AMENDMENT AND WAIVER TO SECOND LIEN CREDIT AGREEMENT, dated as of May 1,
2008 (this “Amendment”), to the Second Lien Credit Agreement referred to
below, by and among the lenders identified on the signature pages hereof (such
lenders, together with their respective successors and permitted assigns, are
referred to hereinafter each individually as a “Lender” and collectively
as the “Lenders”), GoAmerica, Inc.,
a Delaware corporation (“Borrower”) and Clearlake Capital Group,
L.P., as administrative agent for the Lenders (in such capacity, and together
with its successors and permitted assigns, the “Administrative
Agent”).

  W I T N E S S
E T H

       WHEREAS,
Borrower, Administrative Agent and the Lenders are parties to that certain Second
Lien Credit Agreement, dated as of January 10, 2008 (as amended, restated,
supplemented or otherwise modified from time to time, the “Second Lien Credit
Agreement”); and

       WHEREAS, Administrative Agent and Required Lenders have agreed to
waive, pursuant to and in accordance with the terms of the Second Lien Credit
Agreement, certain Events of Default, in the manner, and on the terms and conditions provided for
herein; and

       WHEREAS, Borrower has requested, and Administrative Agent and Required
Lenders have agreed, to amend the Second Lien Credit Agreement in the manner,
and on the terms and conditions, provided for herein.

       NOW THEREFORE, in consideration of the promises and for other good and
valuable consideration, the receipt, adequacy and sufficiency of which are
hereby acknowledged, the Loan Parties, Administrative Agent and Lenders hereby
agree as follows:

       1.                  
Definitions. Capitalized terms not otherwise defined herein
(including in the Recitals hereto) shall have the meanings ascribed to them in
the Second Lien Credit Agreement.

       2.                  
Waiver. Pursuant to Section 11.1(a)(2) of the Second
Lien Credit Agreement, as of the First Amendment Effective Date (as hereinafter
defined), Administrative Agent and Required Lenders hereby waive the Events of
Default under Section 9.1(c) of the Second Lien Credit Agreement
resulting solely from the failure of the Borrower to comply with Schedule
7.15(2) of the Second Lien Credit Agreement prior to the First Amendment
Effective Date; provided, that the Borrower complies with such Schedule
7.15(2) as amended hereby.

       3.                  
Amendment. Pursuant to Section 11.1(a)(3) of the Second
Lien Credit Agreement, as of the First Amendment Effective Date, Schedule
7.15(2) of the Second Lien Credit Agreement is hereby amended by deleting “90”
where it appears in such Schedule 7.15(2) and substituting in lieu
thereof “180” and by deleting “at least one year after the Scheduled Term Loan
Maturity Date” and substituting in lieu thereof “no earlier than January 10,
2015”.

       4.                  
Remedies. This Amendment shall constitute a Loan Document.
The breach by any Loan Party of any covenant or agreement in this Amendment (including
Section 2 hereof) shall constitute an immediate Event of Default
hereunder and under the other applicable Loan Documents.

   

  	 	
1	 

  

  

       5.                  
Representations and Warranties. To induce Administrative Agent and Required Lenders
to enter into this Amendment, the Borrower (and, to the extent set forth in any
other Loan Document, each other Loan Party) hereby jointly and severally represents
and warrants that:

            (a)               
The execution, delivery and
performance by each Loan Party of this Amendment and the performance of
the Second Lien Credit Agreement as amended by this Amendment (the “Amended Second
Lien Credit Agreement”) (i) are within such Loan Party’s corporate or
similar powers and, at the time of execution thereof, have been duly authorized
by all necessary corporate and similar action (including, if applicable,
consent of the holders of its Securities), (ii) do not (A) contravene such Loan
Party’s Constituent Documents, (B) violate any material Requirement of Law in
any material respect, (C) in any material respect, conflict with,
contravene, constitute a default or breach under any material Contractual
Obligation of any Loan Party or any of its Subsidiaries, or result in or permit
the termination or acceleration of any such material Contractual Obligation, or
(D) result in the imposition of any Lien (other than a Permitted Lien)
upon any property of any Loan Party or any of its Subsidiaries and (iii) do not
require any Permit of, or filing with, any Governmental Authority or any
consent of, or notice to, any Person.

            (b)               
From and after its delivery to the
Administrative Agent, this Amendment has been duly executed and delivered to
the other parties hereto by each Loan Party party hereto and this Amendment and
the Amended Second Lien Credit Agreement is the legal, valid and binding
obligation of such Loan Party and is enforceable against such Loan Party in
accordance with its terms, except as may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws affecting
creditors’ rights generally or by general equitable principles relating to
enforceability.

            (c)               
No Default or Event of Default has
occurred and is continuing after giving effect to this Amendment.

            (d)               
No action, claim or proceeding is
now pending or, to the knowledge of any Loan Party, threatened against any Loan
Party, at law, in equity or otherwise, before any court, board, commission,
agency or instrumentality of any federal, state, or local government or of any
agency or subdivision thereof, or before any arbitrator or panel of
arbitrators, which (i) challenges any Loan Party’s right, power, or competence
to enter into this Amendment or perform any of its obligations under this
Amendment, the Amended Second Lien Credit Agreement or any other Loan Document,
or the validity or enforceability of this Amendment, the Amended Second Lien
Credit Agreement or any other Loan Document or any action taken under this Amendment,
the Amended Second Lien Credit Agreement or any other Loan Document or (ii) if
determined adversely, is reasonably likely to have or result in a Material
Adverse Effect. 

            (e)               
After giving effect to this
Amendment, the representations and warranties of Borrower and the other Loan
Parties contained in the Amended Second Lien Credit Agreement and each other
Loan Document are true and correct in all material respects (provided, that if
any representation or warranty is by its terms qualified by concepts of materiality,
such representation shall be true and correct in all respects) on and as of the
First Amendment Effective Date with the same effect as if such representations
and warranties had been made on and as of such date, except that any such
representation or warranty which is expressly made only as of a specified date
need be true only as of such date.

       6.                  
No Amendments/Waivers. The Second Lien Credit Agreement and the other Loan
Documents shall continue to be in full force and effect in accordance with their
respective terms and, except as expressly provided herein, shall be
unmodified. In addition, except as expressly provided herein, this Amendment
shall not be deemed an amendment, consent or waiver of any term or condition 

   

  	 	
2	 

  

  

of
any Loan Document or a forbearance by Administrative Agent or Lenders with
respect to any right or remedy which Administrative Agent or Lenders may now or
in the future have under the Loan Documents, at law or in equity or otherwise
or be deemed to prejudice any rights or remedies which Administrative Agent or
Lenders may now have or may have in the future under or in connection with any
Loan Document or under or in connection with any Default or Event of Default
which may now exist or which may occur after the date hereof.

       7.                  
Expenses. Each of Borrower and each other Loan Party hereby
reconfirms its respective obligations pursuant to Section 11.3 of the Second
Lien Credit Agreement and to pay and reimburse Administrative Agent, for all
reasonable costs and expenses (including, without limitation, reasonable fees
of one legal counsel) incurred in connection with the negotiation, preparation,
execution and delivery of this Amendment and all other documents and
instruments delivered in connection herewith.

       8.                  
Affirmation of Existing Loan
Documents. After giving effect to
this Amendment, each Loan Party (a) confirms and agrees that its obligations
under each of the Loan Documents to which it is a party shall continue without
any diminution thereof and shall remain in full force and effect on and after
the date hereof, and (b) confirms and agrees that the Liens granted pursuant to
the Collateral documents to which it is a party shall continue without any
diminution thereof and shall remain in full force and effect on and after the
date hereof.

       9.                  
Effectiveness. This Amendment shall become effective as of April 9,
2008 (the “First Amendment Effective Date”) only upon satisfaction in
full in the judgment of Administrative Agent of each of the following
conditions on or prior to the date hereof:

            (a)               
Amendment. Agents shall have received four (4) copies of this
Amendment duly executed and delivered by Administrative Agent, the Required
Lenders and the Borrower.

            (b)               
Payment of Fees and Expenses. Borrower shall have paid all costs, fees and
expenses owing in connection with this Amendment and the other Loan Documents
and due to Administrative Agent (including, without limitation, reasonable
legal fees and expenses of one legal counsel).

       10.              
GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
  YORK.

       11.              
Counterparts. This Amendment may be executed by the parties
hereto on any number of separate counterparts and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.

  [Signature page follows]

   

  	 	
3	 

  

  

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

  	   	GOAMERICA, INC., as
  Borrower
	 	 
	 	
        
          By: /s/ Donald G. Barnhart     

      
	 	
        Name: Donald G. Barnhart

      
	 	
        Title: Senior Vice
  President

      

   

  	 	[Signature Page to First Amendment and Waiver]	 

  

  

  

  

    
  	 	ADMINISTRATIVE
AGENT AND LENDERS:
	 	 
	   	
        CLEARLAKE CAPITAL GROUP, L.P.,

  as Administrative Agent

      
	 	
        By: CCG Operations, LLC

      
	 	
        Its: General Partner

      
	 	 
	 	By:  /s/ Behdad Eghbali    
	 	
        Name: Behdad Eghbali

      
	 	
        Title: Authorized Signatory

      

   

  	 	[Signature Page to First Amendment and Waiver]	 

  

  

   

   
  	   	
        Reservoir Capital Partners, L.P., 

  as Lender 

          By: RCP GP, LLC, its general
  partner

      
	 	 
	 	By: /s/ Celia A. Felsher  
	 	
        Name: Celia A. Felsher

      
	 	
        Title: Chief Operating Officer & General Counsel

      
	 	 
	 	Reservoir Capital Investment Partners, L.P.,

  as Lender 

          By: RCIP GP, LLC, its general
  partner
	 	 
	 	By: /s/  Celia A. Felsher   
	 	
        Name: Celia A. Felsher

      
	 	
        Title: Chief Operating Officer & General Counsel

      
	 	 
	 	Reservoir Capital Master Fund II, L.P.,

  as Lender 

          By: Reservoir Capital Group,
  L.L.C., its general partner
	 	 
	 	By: /s/  Celia A. Felsher  
	 	
        Name: Celia A. Felsher

      
	 	
        Title: Chief Operating Officer and  General Counsel

      

   

  	 	[Signature Page to First Amendment and Waiver]

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