Document:

EXHIBIT
10.26

[Execution]

AMENDMENT NO. 5

TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

AMENDMENT NO. 5 TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, dated as of
February 2, 2006, by and among Haynes International, Inc., a Delaware
corporation (“Haynes Parent”), Haynes Wire Company, a Delaware corporation (“Haynes
Wire” and together with Haynes Parent, each individually, a “Borrower” and
collectively, “Borrowers”), the parties from time to time to the Loan Agreement
(as hereinafter defined) as lenders (each individually, a “Lender” and
collectively, “Lenders”) and Wachovia Capital Finance Corporation (Central), an
Illinois corporation, in its capacity as agent for Lenders pursuant to the Loan
Agreement (in such capacity, “Agent”).

W  I
T  N  E  S  S  E  T  H

WHEREAS, Borrowers have
entered into financing arrangements with Agent and Lenders pursuant to which
Lenders (or Agent on behalf of Lenders) have made and may make loans and
advances and provide other financial accommodations to Borrowers as set forth
in, and subject to the terms and conditions of, the Amended and Restated Loan
and Security Agreement, dated August 31, 2004, by and among Agent, Lenders,
JPMorgan Chase Bank N.A., successor by merger to Bank One, NA, in its capacity
as documentation agent for Lenders, and Haynes Parent, as amended by Amendment
No. 1 to Amended and Restated Loan and Security Agreement dated November 5,
2004, Amendment No. 2 to Amended and Restated Loan and Security Agreement dated
as of January 27, 2005, Amendment No. 3 to Amended and Restated Loan and
Security Agreement dated May 1, 2005 and Amendment No. 4 to Amended and
Restated Loan and Security Agreement dated August 31, 2005
(as amended and supplemented hereby and as the same may hereafter be further
amended, modified, supplemented, extended, renewed, restated or replaced, the “Loan
Agreement”) and the other Financing Agreements (as defined therein); and

WHEREAS, Borrowers, Agent
and Lenders have agreed to certain amendments to the Loan Agreement, subject to
the terms and conditions herein; and

WHEREAS, by this
Amendment No. 5, Borrowers, Agent and Lenders desire and intend to evidence
such consents and amendments;

NOW, THEREFORE, in
consideration of the foregoing, the mutual conditions and agreements and
covenants set forth herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

1.     Definitions.

1.1      The
term “Financing Agreements” as used in the Loan Agreement and in the other Financing
Agreements shall be deemed and each such reference is hereby amended to
include, in addition and not in limitation, this Amendment No. 5, as the same
now exists or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced.

 

1.2      Interpretation.  For purposes of this Amendment No. 5, unless
otherwise defined or amended herein, including, but not limited to, those terms
used and/or defined in the recitals hereto, all terms used herein shall have
the respective meanings assigned to such terms in the Loan Agreement.

2.     Loans, Investments, Etc.  Section 9.10(d) of the Loan Agreement is
hereby amended by deleting “$100,000” and replacing it with “$1,000,000”.

3.     Representations and Warranties.  Each Borrower hereby represents and warrants
to Agent and Lenders the following (which shall survive the execution and
delivery of this Amendment No. 5), the truth and accuracy of which on the date
hereof are a continuing condition of the making of Loans and providing Letter
of Credit Accommodations to Borrowers:

3.1      This
Amendment No. 5 has been duly authorized, executed and delivered by it, and has
been authorized by all necessary action on the part of such Borrower which is a
party hereto (and, if necessary, their respective stockholders) and each such
agreement is in full force and effect as of the date hereof, and the agreements
and obligations of Haynes Parent and Haynes Wire, as the case may be, contained
herein, constitute the legal, valid and binding obligations of such Borrower,
enforceable against it in accordance with its terms, except as such
enforceability may be limited by any applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors’ rights
generally and by general principles of equity.

3.2      The
execution, delivery and performance of this Amendment No. 5 (a) are all within
the corporate powers of Haynes Parent and Haynes Wire and (b) are not in
contravention of law or the terms of such Borrower’s certificate of
incorporation, by-laws, or other organizational documentation, or any
indenture, agreement or undertaking to which such Borrower is a party or by
which such Borrower or its property are bound.

3.3      After
giving effect to this Amendment No. 5, no Default or Event of Default exists or
has occurred and is continuing.

4.     Conditions Precedent.  The amendments contained herein shall only be
effective upon the receipt by Agent of each of the following, in each case in
form and substance reasonably satisfactory to Agent:

4.1      an
executed original or executed original counterparts of this Amendment No. 5 (as
the case may be), duly authorized, executed and delivered by the respective
party or parties hereto;

4.2      a
true and correct copy of any consent, waiver or approval (if any) to or of this
Amendment No. 5, which any Borrower is required to obtain from any other
Person; and

4.3      such
approvals of Lenders, in form and substance satisfactory to Agent, to the terms
and conditions of this Amendment No. 5 as are required under the terms of the
Loan Agreement.

5.     Provisions of General
Application.

 3
 

 

5.1      Effect
of this Amendment.  Except as
expressly amended pursuant hereto, no other changes or modifications to the
Financing Agreements are intended or implied and, in all other respects, the
Financing Agreements are hereby specifically ratified, restated and confirmed
by all parties hereto as of the effective date hereof.  To the extent that any provision of the Loan
Agreement or any of the other Financing Agreements are inconsistent with the
provisions of this Amendment No. 5, the provisions of this Amendment No. 5
shall control.  The Loan Agreement and
this Amendment No. 5 shall be read and construed as one Agreement.

5.2      Governing
Law.  The validity, interpretation
and enforcement of this Amendment No. 5 and the other Financing Agreements
(except as otherwise provided therein) and any dispute arising out of the
parties hereto, whether in contract, tort, equity or otherwise, shall be
governed by the internal laws of the State of Illinois, but excluding any
principles of conflicts of law or other rule of law that would cause the
application of the law of any jurisdiction other than the laws of the State of
Illinois.

5.3      Binding
Effect.  This Amendment No. 5 shall
be binding upon and inure to the benefit of each of the parties hereto and
their respective successors and assigns. 
Any acknowledgments or consents contained herein shall not be construed
to constitute a consent to any other or further action by a Borrower or to
entitle such Borrower to any other consent.

5.4      Further
Assurances.  Each Borrower shall
execute and deliver such additional documents and take such additional action
as may be reasonably requested by Agent and Lenders to effectuate the
provisions and purposes of this Amendment No. 5.

5.5      Headings.  The headings listed herein are for
convenience only and do not constitute matters to be construed in interpreting
this Amendment No. 5.

5.6      Counterparts.  This Amendment No. 5 may be executed in any
number of counterparts, each of which shall be an original but all of which
taken together shall constitute one and the same Agreement.  Delivery of an executed counterpart of this
Amendment No. 5 by telefacsimile or other electronic means shall have the same
force and effect as the delivery of an original executed counterpart of this
Amendment No. 5.  Any party delivering an
executed counterpart of this Amendment No. 5 by telefacsimile or other
electronic means shall also deliver an originally executed counterpart of this
Amendment No. 5, but the failure to do so shall not affect the validity,
enforceability or binding effect of this Amendment No. 5.

[REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK]

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IN WITNESS
WHEREOF, the parties hereto have caused this Amendment No. 5 to be duly
executed and delivered by their authorized officers as of the date and year
first above written.

	
   

  	
   

  	
   

  	
  WACHOVIA CAPITAL FINANCE
  CORPORATION

  (CENTRAL), as Agent and as Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   /s/ Vicky Geist

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  HAYNES INTERNATIONAL,
  INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   /s/ Marcel Martin

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   Chief Financial Officer, Vice President
  Finance

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  HAYNES WIRE
  COMPANY

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   /s/ Marcel Martin

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   Chief Financial Officer, Vice President
  Finance

  
	
  AGREED:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  JPMORGAN CHASE
  BANK, N.A.,

  	
   

  	
   

  	
   

  
	
  successor by
  merger to BANK ONE, NA (Main Office Chicago)

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   /s/ Grey

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   Regional Portfolio Manager

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WESTERNBANK
  PUERTO RICO

  	
   

  	
   

  	
   

  
	
  BUSINESS CREDIT
  DIVISION

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   /s/ Miguel A. Vazquez

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ABLECO FINANCE
  LLC

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   /s/ Daniel E. Wolf, Sr.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   Senior Vice President

  	
   

  	
   

  	
   

  
						

 

 5EXHIBIT
10.1

SECOND
AMENDMENT TO

THE CHEESECAKE FACTORY INCORPORATED

1992 PERFORMANCE EMPLOYEE STOCK OPTION PLAN

[ADOPTED
BY THE BOARD OF DIRECTORS OF THE CHEESECAKE 

FACTORY INCORPORATED ON NOVEMBER 28, 2006]

The Cheesecake
Factory Incorporated Performance Employee Stock Option Plan, as adopted at The
Cheesecake Factory Incorporated 1993 Annual Meeting, and as amended by the
stockholders at the 1998 Annual Meeting of Stockholders held on May 19, 1998
(the “1992 Plan”) is amended as provided
herein and except as so amended, the 1992 Performance Employee Stock Option
Plan remains in full force and effect.

1.               Article VII,
Section 7.1 is amended and restated in its entirety to read as follows:

Each Option Agreement shall specify the number of shares of Common Stock
covered by such Option and the purchase price per share.  The purchase price per share of Common Stock
subject to an Incentive Stock Option or Non-Statutory Stock Option shall not be
less than the Fair Market Value of Common Stock on the date that Option is
granted.  The number of shares and the
exercise price per share for the Common Stock with respect to any outstanding
Option shall be subject to adjustment as provided in Article VIII.

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