Document:

Form of Restricted Stock Unit  Award Letter

 Exhibit 10.36 
 RESTRICTED STOCK UNIT AWARD 
  

			
	Award Number:             	 	Award Date: 02/19/2009
	Number of Restricted Stock Units:             	 	Final Vesting Date: 01/31/2012

 THIS CERTIFIES THAT RF Monolithics, Inc. (the “Company”) has on the Award Date specified
above granted to                          (“you”) an award (the “Award”) to receive that number of restricted
stock units (the “Restricted Stock Units”) indicated above in the space labeled “Number of Restricted Stock Units,” each Restricted Stock Unit representing the right to receive one share of RF Monolithics, Inc. Common Stock,
$.001 par value per share (the “Common Stock”), plus an additional amount pursuant to Section 1(b), subject to certain restrictions and on the terms and conditions contained in this Award and the RF Monolithics, Inc. 2006 Equity
Incentive Plan, as amended (the “Plan”). A copy of the Plan is attached hereto as part of Annex A and additional copies of the Plan are available from the Company upon request, including without limitation the provisions of
Section 7 of the Plan relating to Award provisions, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict
between the provisions of this Award and those of the Plan, the provisions of the Plan shall control. Any terms not defined herein shall have the meaning set forth in the Plan. 
 * * * * * 
 1. RIGHTS WITH RESPECT TO
THE RESTRICTED STOCK UNITS. 
 a) No Shareholder Rights.
The Restricted Stock Units granted pursuant to this Award do not and shall not entitle you to any rights of a shareholder of Common Stock. Your rights with respect to the Restricted Stock Units shall remain forfeitable at all times prior to the date
on which such rights become vested, and the restrictions with respect to the Restricted Stock Units lapse, in accordance with Section 2 or 3. 
 b) Additional Restricted Stock Units. As long as you hold Restricted Stock Units granted pursuant to this Award, the Company shall credit to you, on each date that the Company pays a cash dividend to holders of Common Stock
generally, an additional number of Restricted Stock Units (“Additional Restricted Stock Units”) equal to the total number of whole Restricted Stock Units and Additional Restricted Stock Units previously credited to you under this Award
multiplied by the dollar amount of the cash dividend paid per share of Common Stock by the Company on such date, divided by the Fair Market Value of a share of Common Stock on such date. Any fractional Restricted Stock Unit resulting from such
calculation shall be included in the Additional Restricted Stock Units. A report showing the number of Additional Restricted Stock Units so credited shall be sent to you periodically, as determined by the Company. The Additional Restricted Stock
Units so credited shall be subject to the same terms and conditions as the Restricted Stock Units to which such Additional Restricted Stock Units relate and the Additional Restricted Stock Units shall be forfeited in the event that the Restricted
Stock Units with respect to which such Additional Restricted Stock Units were credited are forfeited. 
  

			
	RESTRICTED STOCK UNIT AWARD	  	PAGE 1

 c) Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of Common Stock shall
be issued to you prior to the date on which the Restricted Stock Units vest, and the restrictions with respect to the Restricted Stock Units lapse, in accordance with Section 2 or 3. Neither this Section 1(c) nor any action taken pursuant
to or in accordance with this Section 1(c) shall be construed to create a trust of any kind. After any Restricted Stock Units vest pursuant to Section 2 or 3, the Company shall promptly cause shares to be issued as provided in
Section 4. The value of any fractional Restricted Stock Unit shall be paid in cash at the time certificates are delivered to you in payment of the Restricted Stock Units and any Additional Restricted Stock Units. 
 2. VESTING. Subject to the limitations and conditions contained herein, and established by the Compensation
Committee of the Board of Directors of the Company (the “Committee”) pursuant to the RF Monolithics, Inc. Long Range Incentive Plan of 2009 (the “2009 LRIP”) and set forth in Annex A hereto, all the shares will vest (you
shall become entitled to receive Common Stock) on the terms and conditions provided herein on January 31, 2012 (the “Vesting Date”) unless either (i) you cease to provide services to the Company for any reason or (ii) this
Award already has become fully vested. 
 3. EFFECT OF TERMINATION OF
SERVICE. If your service to the Company in all capacities (as a director, consultant or employee) is terminated by you or by the Company or an Affiliate before a Vesting Date for any reason other than your death or
Disability, all of the restricted stock units which have not yet vested shall be forfeited; provided, however, that, any provision of this Award to the contrary notwithstanding, the Compensation Committee of the Board of Directors of the Company
(the “Committee”) may in its sole and absolute discretion at any time before, or within 120 days after, the date of such termination of service determine that some or all of such restricted stock units shall be free of restrictions and
shall not be forfeited as provided in Annex A. 
 4. STOCK CERTIFICATES.
Stock certificates (the “Certificates”) evidencing the conversion of restricted stock units into shares of Common Stock shall be issued as of the Vesting Date and registered in your name, or, if you request, the Company shall promptly
cause the shares to be issued in book-entry form, registered in your name. Subject to Section 8 of this Award, Certificates representing the unrestricted shares of Common Stock will be delivered to you as soon as practicable after the Vesting
Date. If, however, you elect to defer payment of the shares of Common Stock as provided in Section 5 of this Award, the shares of Common Stock shall be issued as set forth in the Deferral Election Agreement entered into between the Company and
you. 
 5. DEFERRAL ELECTION. You may elect to defer delivery of the shares of
Common Stock that would otherwise be due by virtue of the lapse or waiver of the vesting requirements as set forth in Section 2. If such deferral election is made, the Committee shall, in its sole discretion, establish the rules and procedures
for such payment deferrals. 
 6. RESTRICTION ON TRANSFER. The Restricted
Stock Units and any rights under this Award may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by you other than by will or by the laws of descent and distribution, and any such purported sale, assignment,
transfer, pledge, hypothecation or other disposition shall be void and unenforceable against the Company. Notwithstanding the foregoing, you may, in the manner established by the Committee, designate a beneficiary or beneficiaries to exercise your
rights and receive any property distributable with respect to the Restricted Stock Units upon your death. 
  

			
	RESTRICTED STOCK UNIT AWARD	  	PAGE 2

 7. ADJUSTMENTS TO RESTRICTED STOCK
UNITS. In the event that any dividend or other distribution (whether in the form of cash, shares of Common Stock, other securities or other property), recapitalization, stock split, reverse stock split,
reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Common Stock or other securities of the Company or other similar corporate transaction or event affecting the Common Stock would be reasonably likely
to result in the diminution or enlargement of any of the benefits or potential benefits intended to be made available under the Award (including, without limitation, the benefits or potential benefits of provisions relating to the vesting of the
Restricted Stock Units), the Committee shall, in such manner as it shall deem equitable or appropriate in order to prevent such diminution or enlargement of any such benefits or potential benefits, make adjustments to the Award, including
adjustments in the number and type of shares of Common Stock you would have received upon vesting of the Restricted Stock Units; provided, however, that the number of shares into which the Restricted Stock Units may be converted shall always be a
whole number. 
 8. INCOME TAX MATTERS. 
 a) Withholding Shares. The Company shall make deductions from, or otherwise withhold from, the number of shares of Common Stock
otherwise deliverable upon satisfaction of the conditions precedent under this Award having a Fair Market Value sufficient to satisfy the statutory minimum of all or part of your estimated total federal, state, and local tax obligations associated
with this Award or the restricted stock units granted hereunder, including without limitation, the award, deferral, vesting or settlement of such restricted stock units; provided, however, that if you provide written notice to the Company (the
“Tax Deposit Notice”) that you agree to deposit with the Company an amount of cash equal to the amount determined by the Company to be required with respect to any withholding taxes, FICA contributions, or the like under any
federal, state, or local statute, ordinance, rule, or regulation in connection with the award, deferral, or settlement of the restricted stock units granted hereunder or otherwise related to such restricted stock units or this Award (such amount of
cash to be deposited with the Company is referred to herein as the “Tax Deposit”) and such Tax Deposit Notice is received by the Company at least 10 days before the date that the amount of the tax to be withheld is determined, and
you deposit an amount in cash with the Company equal to the Tax Deposit on, or within 1 business day of, the date the amount of the tax to be withheld is determined, the Company shall not withhold or deduct shares of Common Stock pursuant to this
Section 8(a). 
 To the extent the Company withholds shares of Common Stock pursuant to this Section 8, the Company
will not deliver to you any fractional share of Common Stock but will pay, in lieu thereof, the Fair Market Value of such fractional shares. 
 By accepting this Award, you have authorized the Company to withhold shares of Common Stock pursuant to this Section 8 in order to satisfy your federal, state or local tax withholding obligations arising from, or
otherwise relating to, to this Award. 
 b) Insiders. Anything in Section 8(a) to the contrary notwithstanding,

  

	 	1)	 To the extent that you are an individual who is, on the relevant date, an officer, member of the Board of Directors of the Company or ten percent
(10%) beneficial owner of any class of the Company’s equity securities that is registered pursuant to Section 12 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), all as defined under
Section 16 of the Exchange 

  

			
	RESTRICTED STOCK UNIT AWARD	  	PAGE 3

	 	 
Act (each such individual, an “Insider”), the Company may only withhold shares of Common Stock pursuant to Section 8(a) above to the
extent that such withholding of shares (X) has met the requirements of an exemption under Rule 16b-3 promulgated under the Exchange Act, or (Y) is a subsequent transaction the terms of which were provided for in a transaction initially
meeting the requirements of an exemption under Rule 16b-3 promulgated under the Exchange Act; and 

  

	 	2)	In no event shall a Tax Deposit Notice be effective if, on the date the Insider is providing such notice, the Insider is aware of material nonpublic information relating to the
Company or a blackout period (as such periods are defined in the Company’s Insider Trading Policy or in any Memorandum to Directors, Executive Officers and Other Key Employees from the Chairman of the Board Regarding Transactions Involving
Company Securities) is in effect. 

 The withholding of shares of Common Stock pursuant to Section 8(a) above shall be a
subsequent transaction approved by the original grant of the restricted stock units under this Award. 
 c) Rights
Reserved. Anything in Section 8(a) to the contrary notwithstanding, the Company reserves the right, at its sole election, to withhold the required amounts from your pay during the pay periods next following the date on which any such
applicable tax liability otherwise arises or take such other action as may be necessary or appropriate to satisfy any tax withholding obligations. 
 d) Delivery of Shares. The Company shall not deliver any of the shares of Common Stock until and unless you have made the deposit required herein or proper provision for required withholding has been made.

 9. ADMINISTRATION. The Committee shall have the power to interpret the Plan and this Award and
to adopt such rules for the administration, interpretation, and application of the Plan as are consistent therewith and to interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Committee shall
be final and binding upon you, the Company, and all other interested persons. No member of the Committee shall be personally liable for any action, determination, or interpretation made in good faith with respect to the Plan or this Award.

 10. MISCELLANEOUS. 
 a) This Award is not an employment or other services contract and nothing in this Award shall be deemed to create in any way whatsoever
any obligation on your part to continue in the service of the Company, or of the Company to continue using your services. In addition, nothing in this Award shall obligate the Company or any Affiliate of the Company, or their respective
stockholders, Board of Directors, officers or employees to continue any relationship which you might have as a Director or Consultant for the Company or Affiliate of the Company. 
 b) The Company shall not be required to deliver any shares of Common Stock upon vesting of any Restricted Stock Units until the
requirements of any federal or state securities laws, rules or regulations or other laws or rules (including 

  

			
	RESTRICTED STOCK UNIT AWARD	  	PAGE 4

 
the rules of any securities exchange) as may be determined by the Company to be applicable are satisfied. This Award shall be subject to all applicable laws,
rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 
 c) The Board of Directors may amend or modify the Plan from time to time subject to any stockholder approval required by the Code, the requirements of any exchange on which the common stock of the Company is listed or other applicable legal
requirement; provided, however, that no such amendment or modification of the Plan may in any way adversely affect your rights under this Award, without your written approval. The Board of Directors may suspend or terminate the Plan at any time;
provided, however, that no such suspension or termination may in any way adversely affect your rights under this Award, without your written approval. 
 d) An original record of this Award and all the terms hereof, executed by the Company, is held on file by the Company. To the extent there is any conflict between the terms contained in this Award and the terms
contained in the original held by the Company, the terms of the original held by the Company shall control. 
 e) Any notices
provided for in this Award or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage
prepaid, addressed to you at your address then contained in the Company’s records or at such other address as you hereafter designate by written notice to the Company. 
 f) All obligations of the Company under the Plan and this Award, with respect to the restricted stock units, shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 
 g) To the extent not preempted by federal law, this Award shall be governed by, and construed in accordance with, the laws of the State of
Texas. 
  

			
	RESTRICTED STOCK UNIT AWARD	  	PAGE 5

 ANNEX A 
 2006 EQUITY INCENTIVE PLAN 
 OMNIBUS INCENTIVE PLAN OF 2007 
 LONG RANGE INCENTIVE PLAN OF 2009 
 VESTING CRITERIA FOR PERFORMANCE CYCLE 2009-2012 
 (Attached) 

 TERMS AND CONDITIONS OF VESTING 
 The following requirements are subject to the terms and conditions set forth in the 2009 Long Range Incentive Plan of RF Monolithics, Inc. (the
“2009 LRIP”) and the Omnibus Incentive Plan of 2007 (the “Omnibus Plan”). In addition, all RSUs are subject to the terms and conditions of the 2006 Equity Incentive Plan or the 1999 Equity Incentive Plan as applicable.
Capitalized terms not defined herein or in the Restricted Stock Unit Award shall have the meanings ascribed thereto in the 2009 LRIP, the Omnibus Plan, or the applicable Equity Incentive Plan under which it was issued, in that order of reference.

  

			
	 END OF PERFORMANCE CYCLE AND DATE OF VESTING:
	  	JANUARY 31, 2012
		
	 PERFORMANCE CONDITIONS:
	  	NoneFirst Amendment to Third Amended and Restated Loan Agreement

 Exhibit 10.30 
 FIRST AMENDMENT AGREEMENT 
 THIS FIRST AMENDMENT AGREEMENT (this
“Agreement”), is dated as of April 14, 2009 by and between Q.E.P. CO., INC., a Delaware corporation with its chief executive office and principal place of business at 1001 Broken Sound Parkway, NW, Suite A, Boca
Raton, Florida 33487 (“Q.E.P.”), ROBERTS CONSOLIDATED INDUSTRIES, INC., a Delaware corporation with its chief executive office and principal place of business at 1001 Broken Sound Parkway, NW, Suite A, Boca Raton,
Florida 33487, ROBERTS HOLDING INTERNATIONAL, INC., a Delaware corporation with its chief executive office and principal place of business at 1001 Broken Sound Parkway, NW, Suite A, Boca Raton, Florida 33487, ROBERTS COMPANY CANADA
LIMITED, a corporation amalgamated under the laws of the province of Ontario, Canada with its chief executive office and principal place of business at 2070 Steeles Avenue, Bramalea, Ontario, Canada L6T1A7, Q.E.P. ZOCALIS HOLDING L.L.C.,
a Delaware limited liability company with a place of business at 1001 Broken Sound Parkway, NW, Suite A, Boca Raton, Florida 33487, BOIARDI PRODUCTS CORPORATION, a Florida corporation, with its chief executive office and principal place
of business at 1001 Broken Sound Parkway, NW, Suite A, Boca Raton, Florida 33487, ROBERTS CAPITOL, INC., a Florida corporation with a chief executive office and principal place of business at 1001 Broken Sound Parkway, NW, Suite A,
Boca Raton, Florida 33487, QEP-CALIFORNIA, INC., a California corporation with its chief executive office and principal place of business at 1001 Broken Sound Parkway, NW, Suite A, Boca Raton, Florida 33487 and Q.E.P. STONE HOLDINGS,
INC., a Florida corporation with its chief executive office and principal place of business at 1001 Broken Sound Parkway, NW, Suite A, Boca Raton, Florida 33487 (all of the foregoing are hereinafter collectively referred to as, the
“Borrower”), BANK OF AMERICA, N.A., (“BOA” or the “Lender”), and BANK OF AMERICA, N.A., with an office at 2150 Black Rock Turnpike, Fairfield, Connecticut 06825, as agent for the Lender,
(hereinafter referred to as the “Agent”). 
 PREAMBLE 
 WHEREAS, HSBC BANK USA, NATIONAL ASSOCIATION, successor-by-merger to HSBC BANK USA (“HSBC”), has assigned all of its interests in that
certain Third Amended and Restated Loan Agreement dated as of December 30, 2008 by and among the Borrower, HSBC, BOA and the Agent (as amended and in effect from time to time, the “Loan Agreement”), to BOA pursuant to an
Assignment and Assumption Agreement dated as of the date of this Agreement which has resulted in BOA becoming the sole lender to the Borrower under the Loan Agreement; 
 WHEREAS, pursuant to the Loan Agreement, the Lender made, or agreed to make in the future, certain Loans to the Borrower including the Revolving Loan; 
 WHEREAS, Borrower has satisfied the conditions set forth in the Forbearance Agreement dated January 22, 2009; 
 WHEREAS, the Borrower, Lender and Agent have agreed to amend the Loan Agreement as described herein; and 
 WHEREAS, the Agent and the Lender are willing to amend the Loan Agreement subject to and in reliance upon the representations, warranties,
acknowledgements, covenants and agreements of Borrower contained herein. 

 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein and acknowledging that the Agent and the Lender are relying upon the representations, warranties, acknowledgments,
covenants and agreements of Borrower contained herein, Borrower, the Agent and the Lenders agree as follows: 
  

	I.	Acknowledgments and Affirmations. 

 A. Borrower, the
Agent and the Lender acknowledge and agree that capitalized terms used herein and without definition shall have the meanings assigned to them in the Loan Agreement. 
 B. Borrower acknowledges and affirms that: 
 1. As of the close of business on April 8, 2009, Borrower
is legally and validly indebted to the Lender under the Loan Agreement in the principal amount (including the face amount of outstanding Letters of Credit) of $19,506,788.62 (USD) with respect to the Revolving Loan and $2,110,721.09 (CAD) with
respect to the Mortgage Loan, plus interest, fees and charges accrued and accruing thereon and thereunder, and there is no defense, offset or counterclaim with respect to any such indebtedness or independent claim or action against the Agent or the
Lender. 
 2. Before giving effect to this Amendment, all indebtedness of Borrower to the Agent and the Lender, whenever and however arising,
is secured by a duly perfected, first priority security interest in the Collateral. 
 C. Borrower represents and warrants that: 

1. The resolutions previously adopted by the Board of Directors of each Borrower with respect to the Loan Agreement and provided to Lender have not in
any way been rescinded or modified and have been in full force and effect since their adoption to and including the date hereof and are now in full force and effect, except to the extent that they have been modified or supplemented to authorize this
Agreement and the documents and transactions described herein. 
 2. Each Borrower has the corporate power and authority to enter into this
Agreement and the transactions contemplated herein, and each Borrower has taken all necessary corporate action to authorize this Agreement and the transactions contemplated herein. 
 3. All representations, warranties and covenants contained in the Loan Agreement, and in the schedules and exhibits attached thereto, are true and
correct on and as of the date hereof, are incorporated herein by reference and, with respect to each Borrower organized under the laws of any jurisdiction within the United States or Canada are hereby remade. 

 D. Guarantor hereby represents and warrants that all representations, warranties and covenants contained
in the Roberts Guarantee, and in the schedules and exhibits attached thereto are true and correct on and as of the date hereof, and are incorporated herein by reference and are hereby remade. 
 E. The consummation of the transactions contemplated herein (a) is not prevented or limited by, nor does it conflict with or result in a breach of
the terms, conditions or provisions of, any Borrower’s articles of incorporation or bylaws, or any evidence of indebtedness, agreement or instrument of whatever nature to which any Borrower is a party or by which any of them is bound,
(b) does not constitute a default under any of the foregoing, and (c) does not violate any federal, state or local law, regulation or order of any court or agency which is binding upon any Borrower. 
 F. Borrower, Lender and Agent agree that the Forbearance Agreement dated January 22, 2009, as amended on March 16, 2009, shall terminate as of
the date of this Agreement. 
  

	II.	Amendments to Loan Agreement. 

 The Loan Agreement
is hereby amended as follows: 
 A. All references to Lenders in the Loan Agreement shall be deemed to refer to Lender with the proper verb
tense. 
 B. Section 1.1 is hereby amended by deleting the definitions of “Lenders”, “Negative Pledge Agreement”,
and “Required Lenders”, and replacing them with the following: 
 “Lenders” means BOA, or any successors, assigns or
holders of all or any part of the obligations of Borrower. 
 “Negative Pledge Agreement” means that certain Negative Pledge
Agreement by and among BOA, as agent for itself, and Roberts Japan KK, Roberts Deutschland GmbH, Q.E.P. Holdings B.V., Q.E.P. Chile Limitada, Zocalis S.R.L., Q.E.P. Roberts Mexicana, S.A. de C.V., Harmony Depot Shanghai Trading Company Limited,
Roberts Holland B.V., and Q.E.P. Co., HK Limited dated May 21, 2008. 
 “Required Lenders” means BOA. 
 C. Section 1.1 is hereby amended by deleting in its entirety the definitions of “Excess Cash Flow” and “Prime Rate Advances.”

 D. Section 1.1 is hereby amended by adding the following definitions: 
 “Base Rate” means for any day a fluctuating rate per annum equal to the higher of
(a) the Federal Funds Rate plus  1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced
from time to time by Bank of America as its “prime rate” and (c) LIBOR for a thirty (30) day interest period as determined on such day plus 1.0%. The “prime rate” is a rate set by BOA based upon various factors
including BOA’s costs and desired return, general economic conditions and other factors, and is used as a 

 
reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by BOA shall take
effect at the opening of business on the day specified in the public announcement of such change. 
 “Base Rate Advance” means any
Revolving Advance or portion of any other Loan which bears interest with reference to the Base Rate. 
 “Co-Lender” means any
Lender who is not also the Agent. 
 “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of
the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day;
provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no
such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Agent on such day on such transactions as
determined by Agent. 
 E. All references to “Prime Rate Advance” or Prime Rate Advances” shall be replaced with the words
“Base Rate Advance” or Base Rate Advances”, respectively, including, but not limited to, Section 1.1 (“Interest Period” and “Type”), Section 2.1(c)(v), Section 2.2(c)(v), Section 2.2(d)(i),
Section 2.3(c), Section 2.4(a)(i), Section 2.4(b), Section 2.15 and Section 2.24(c). 
 F. The last sentence of
Section 2.1(c) is deleted and replaced with the following: 
 With respect to the Revolving Loan, Borrower shall pay to the Agent, for
the ratable benefit of the Lenders, a fee on the first day of each month and on the Maturity Date, in an amount equal to one-half of one percent (0.50%) per annum of the difference between the Revolving Loan Commitment and the average daily
outstanding principal balance of the Revolving Loan for the prior one month period. 
 G. Section 2.3(a) is deleted in its entirety and
replaced with the following: 
 (a) Prior to the reporting by Q.E.P. and its consolidated subsidiaries of their financial results for the
fiscal quarter ending August 31, 2009, Borrower promises to pay interest to the Agent, on the outstanding and unpaid principal balances of the Revolving Loan, at a rate per annum equal to, at the option of Borrower, (i) the Base Rate plus
275 basis points or (ii) the LIBOR Rate plus 375 basis points. Following the reporting by Q.E.P. and its consolidated subsidiaries of their consolidated financial results for the fiscal quarter ending August 31, 2009, Borrower promises to
pay interest to the Agent, on the outstanding and unpaid principal balances of the Revolving Loan, at the option of Borrower, at a rate per annum equal to (i) the Base Rate plus the Base Rate Spread or (ii) the LIBOR Rate plus the LIBOR
Spread each as set forth in the following table: 
  

					
	 Fixed Charge Coverage Ratio
	  	 LIBOR Spread
	  	 Base Rate Spread

	 < 1.10x
	  	375 basis points	  	275 basis points
			
	 3 1.10x < 1.30x
	  	350 basis points	  	250 basis points
			
	 3 1.30x < 1.75x
	  	325 basis points	  	225 basis points
			
	 3 1.75x
	  	300 basis points	  	200 basis points

 Changes in the LIBOR Spread resulting from a change in the above ratios shall become effective on the due
date of delivery by Borrower of a compliance certificate evidencing such change. If Borrower shall fail to timely deliver a compliance certificate within five days of such certificate’s due date in accordance with Section 5.8(c) of
this Agreement, the LIBOR Spread shall be 375 basis points from the day such certificate was due until the day a certificate evidencing a lower LIBOR Spread is actually delivered to the Lender. Each Revolving Advance shall be comprised entirely of a
Base Rate Advance or a LIBOR Rate Advance as Borrower may request pursuant to Section 2.4. Borrower shall not be entitled to request any Revolving Advance which, if made, would result in more than six (6) LIBOR Rate Advances
outstanding hereunder at any time. For purposes of the foregoing, LIBOR Rate Advances having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate LIBOR Rate Advances. Each LIBOR Rate Advance
shall be in a principal amount of $500,000 (or the equivalent in an Alternative Currency) or in $50,000 (or the equivalent in an Alternative Currency) increments in excess thereof. 
 Interest payments shall be made (i) in the case of Base Rate Advances, on the first day of each month in arrears, and (ii) in the case of LIBOR
Rate Advances, on the last day of each applicable Interest Period, or in the case of Interest Periods having a duration of more than three (3) months, on each three-month anniversary date of the commencement of such Interest Period. 

The Borrower promises to pay interest to the Agent, on the outstanding and unpaid principal balance of the Mortgage Loan, at a rate per annum equal
to, at the election of Q.E.P., (i) the Base Rate plus 200 basis points or (ii) the LIBOR Rate plus 400 basis points. 
 H.
Section 2.6 shall be deleted in its entirety and replaced with the following: 
 Section 2.6 Settlements. On Friday of each
week, the Agent shall notify each Co-Lender, if any, of its’ pro rata share, based upon its percentage of Revolving Loans, of all such Loans outstanding as of such date. Each Co-Lender shall make available such pro rata portion to the Agent not
later than 1:00 P.M. (Hartford, Connecticut time) that day. All such amounts will be made available in lawful money of the United States in immediately available funds at the Head Office of the Agent. Unless the Agent shall have been notified by any
Co-Lender prior to such day that such Co-Lender does not intend to make available to the Agent such Co-Lender’s portion of such loans, the Agent may assume that such Co-Lender has made such amount available to the Agent on such day and the
Agent may (but shall not be obligated to), in reliance upon such assumption, make available to Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Agent by such Co-Lender, the Agent shall be entitled to
recover such 

 
corresponding amount on demand from such Co-Lender. If such Co-Lender does not pay such corresponding amount forthwith upon the Agent’s demand, the
Agent shall promptly notify Borrower and Borrower shall immediately pay such corresponding amount to the Agent. The Agent also shall be entitled to recover on demand from such Co-Lender or Borrower, as the case may be, interest on such corresponding
amount in respect of each day from the date such corresponding amount was made available by the Agent to Borrower until the date such corresponding amount is recovered by the Agent, at a rate per annum equal to (i) if recovered from such
Co-Lender, the overnight Federal Funds Rate for the first three days and at the interest rate otherwise applicable to such Loans for each day thereafter and (ii) if recovered from Borrower, the rate of interest applicable to the respective
Borrowing, as determined pursuant to Section 2.3. Nothing in this Section 2.6 shall be deemed to relieve any Co-Lender from its obligation to make Loans hereunder or to prejudice any rights which Borrower may have against any
Co-Lender as a result of any failure by such Co-Lender to make Loans hereunder. 
 I. Section 2.23(f) is deleted in its entirety and
replaced with the following: 
 (f) Letter of Credit Fees. Prior to the reporting by Q.E.P. of its consolidated financial results for
the fiscal quarter ending August 31, 2009, in the event that the Lender issues, extends or renews any Letters of Credit for the account of Borrower (whether collectively or individually), Borrower shall pay to the Lender on the date of such
issuance, extension or renewal and on each anniversary date thereof, a fee of 375 basis points on the face amount of such letter of credit; thereafter, in the event that the Lender issues, extends or renews any Letters of Credit for the account of
Borrower (whether collectively or individually), Borrower shall pay to the Lender on the date of such issuance, extension or renewal and on each anniversary date thereof, a fee equal to the LIBOR Spread then in effect. Borrower shall also pay the
Issuing Lender’s usual and customary administration and negotiation fees with respect to such letter of credit. 
 J.
Section 5.8(d) is deleted in its entirety and replaced with the following: 
 (d)
On each Drawdown Date or date of issuance, extension or renewal of a Letter of Credit, a collateral update certificate on Agent’s then current form and a Borrowing Base Certificate in the Agent’s current form (a “Borrowing Base
Certificate”), with supporting verification, as follows: (i) prior to the reporting of Q.E.P.’s consolidated financial results for the fiscal quarter ending on August 31, 2009, on a weekly basis and (ii) thereafter, on a
bi-weekly basis as of the 15th and last day of each month, provided that at any time at which Borrower’s average monthly Credit Availability
(uncapped by line limits) is less than $3,500,000, Borrower shall deliver a Borrowing Base Certificate on a weekly basis. 
 K.
Section 6.6 is deleted in its entirety and replaced with the following: 
 Section 6.6 Restricted Payments. Pay, make or
declare any Restricted Payment except (i) as set forth on Schedule 6.6 and (ii) unless an Event of Default shall have occurred and be continuing, or would occur after giving effect to any such payment, payments to Susan Gould of up
$120,000 per year in connection with the repurchase of shares of Borrower’s common stock. 

 L. Section 6.15 is deleted in its entirety and replaced with the following: 
 Section 6.15 Foreign Companies. Send or otherwise transfer funds to the Foreign Companies in an aggregate amount in excess of $500,000 in any
fiscal year, other than (i) intercompany trade transactions in the ordinary course of business and consistent with past practice; (ii) up to $400,000 to Harmony Trading; (iii) to Q.E.P. Roberts Mexicana, S. de R.L. de C.V. (including
its’ predecessor company) in amounts not to exceed (a) $350,000 for operations in any calendar year and (b) $150,000 for inventory purchasing in any calendar year; and (iv) up to $200,000 to Q.E.P. Aust. Pty. Limited during the
fiscal year ending February 28, 2010. 
 M. Section 7.2 is deleted in its entirety and replaced with the following: 
 Section 7.2 Senior Debt to Trailing EBITDA Ratio. Commencing with the fiscal quarter ending May 31, 2010, maintain as of the end of each
fiscal quarter of the Borrower a ratio of (i) Senior Debt to (ii) trailing twelve-month Earnings Before Interest, Taxes, Depreciation and Amortization of not more than 4.0:1.0. 
 N. Section 7.3 is deleted in its entirety and replaced with the following: 
 Section 7.3 Minimum EBITDA / Fixed Charge Coverage Ratio. 
 (a) Minimum EBITDA. Maintain Earnings Before Interest, Taxes, Depreciation and Amortization in an amount equal to or more than the amounts shown in the following table: 
  

				
	 For the one month ending March 31, 2009
	  	$	108,000
	 For the two months ending April 30, 2009
	  	$	300,000
	 For the three months ending May 31, 2009
	  	$	554,000
	 For the three months ending June 30, 2009
	  	$	763,000
	 For the three months ending July 31, 2009
	  	$	879,000
	 For the three months ending August 31, 2009
	  	$	1,064,000

 (b) Fixed Charge Coverage Ratio. Maintain at the end of the following fiscal quarters of
the Borrower, on an annualized quarter basis, a ratio of (i) Earnings Before Interest, Taxes, Depreciation and Amortization minus unfinanced Capital Expenditures during such period minus all taxes paid during such period
minus all dividends paid during such period, to (ii) Current Maturities of Long-Term Debt plus Interest Expense during such period of not less than as set forth in the following table: 
  

			
	 Fiscal Quarter Ending
	  	Ratio
	 August 31, 2009
	  	1.00:1.0
	 November 31, 2009
	  	1.10:1.0
	 February 28, 2010
	  	1.20:1.0

 Thereafter, maintain as of the end of each fiscal quarter of the Borrower, commencing with the fiscal quarter of
the Borrower ending May 31, 2010, a ratio of (i) trailing twelve month Earnings Before Interest, Taxes, Depreciation and Amortization minus unfinanced Capital Expenditures during such period minus all taxes paid during such
period minus all dividends paid during such period, to (ii) Current Maturities of Long-Term Debt plus Interest Expense during such period of not less than 1.20:1.0. 

 O. Section 7.4 (d) is deleted in its entirety and replaced with the following: 
 “Earnings Before Interest, Taxes, Depreciation and Amortization” means earnings (or losses) from operations for any period, after all expenses and other proper
charges but before payment or provision for any depreciation, amortization or income taxes for such period; increased by (i) interest expense (including non-cash interest expense), (ii) pension expense, (iii) option or warrant related
expenses, (iv) non-cash expenses related to goodwill, deferred costs and other intangible assets for such period; and as adjusted to reflect only the cash portion of expenses related to salary deferral programs for such period. 
 P. Section 10.8 is amended by adding the following sentence at the end of subparagraph (e) as follows: 
 Notwithstanding the language in this Section 10.8 or in this Loan Agreement, as long as BOA is the sole lender then BOA may not resign as Agent.

 Q. Section 11.23 is deleted in its entirety and replaced with the following: 
 Section 11.23 Payments Pro Rata. Each of the Lenders agrees that, if it should receive any amount hereunder (whether by voluntary payment, by
realization upon security, by the exercise of the right of setoff or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Loan Documents, or otherwise), which is applicable to the payment of the principal
of, or interest on, the Loans, Unpaid Reimbursement Obligations or Letter of Credit fees, of a sum which with respect to the related sum or sums received by other Lenders is in a greater proportion than the total of such Obligation then owed and due
to such Lender bears to the total of such Obligation then owed and due to all of the Lenders immediately prior to such receipt, then such Lender receiving such excess payment shall purchase for cash without recourse or warranty from the other
Lenders an interest in the Obligations of the respective Borrower to such Lenders in such amount as shall result in a proportional participation by all the Lenders in such amount; provided, that if all or any portion of such excess amount is
thereafter recovered from such Lenders, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. Without limiting the generality of the foregoing, BOA agrees that in the event that it
receives proceeds from its first priority charge on collateral located in the United Kingdom with respect to which the Agent has a second priority charge, it shall share such proceeds with each Co-Lender in accordance with their respective aggregate
Commitments. Notwithstanding anything to the contrary contained herein, this paragraph shall be subject to the express provisions of the Loan Agreement which require, or permit, differing payments to be made to Non-Defaulting Lenders as opposed to
Defaulting Lenders. 

 R. Schedule 2 to the Loan Agreement is hereby deleted and replaced with the following: 

SCHEDULE 2 
 COMMITMENTS 

  

									
	 Lender
	  	Mortgage Loan
Commitment	 	 	Revolving Loan
Commitment	 
	 Bank of America, N.A.
	  	$	2,110,721.09 	(CAD)	 	$	27,000,000 	(USD)

  

	III.	Amendments to Revolving Credit Notes. 

 All
references in that certain Second Amended and Restated Domestic Advances Note dated March 31, 2005 by the Borrowers to Fleet Capital Corporation to “$21,000,000.00” and “Twenty-One Million Dollars” are hereby deleted and
replaced with “$27,000,000.00” and “Twenty-Seven Million Dollars”, respectively. 
  

	IV.	Conditions Precedent. 

 The effectiveness of this
Agreement shall be subject to the satisfaction of each of the following conditions: 
 1. The Agent and the Lender shall, on or prior to the
date of this Agreement, have received each of the following, in form and substance satisfactory to the Agent and its counsel: 
 (a) This
Agreement, duly executed by Borrower; 
 (b) A certificate, dated as of the date of this Agreement, of the Secretary of each Borrower,
certifying the names and true signatures of the officers of such Borrower authorized to sign this Agreement and the other documents to be delivered by it under this Agreement; 
 (c) Copies of all corporate action taken by each Borrower, including resolutions of its Board of Directors, authorizing the execution, delivery, and
performance of this Agreement and each other document to be delivered pursuant to this Agreement, certified as of the date of this Agreement by the Secretary of such Borrower; 
 (d) An amendment fee of $143,000; and 
 (e)
All other documents, instruments and agreements that the Agent and the Lender shall reasonably require in connection with this Agreement, including without limitation those documents, instruments, and agreements required under previous amendments to
the Loan Agreement which have not yet been delivered to the Agent and the Lender. 
  

	V.	Miscellaneous. 

 A. This Agreement shall be governed
by and construed in accordance with the laws of the State of Connecticut (except its conflicts of laws provisions). 

 B. Upon the execution of this Agreement, the Loan Agreement is amended to the extent this Agreement
amends the Loan Agreement. Except as specifically amended by the terms of this Agreement, all terms and conditions set forth in the Loan Agreement shall remain in full force and effect. 
 C. This Agreement may be executed in any number of counterparts, each of which shall constitute an original and all of which taken together shall
constitute one instrument. 
 [The remainder of this page has been left blank intentionally.] 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered as of the date
first above written. 
 BORROWER: 
  

			
	Q.E.P. CO., INC.
		
	By:	 	 /s/ Lewis Gould

	Name:	 	Lewis Gould
	Its:	 	Chairman & CEO
	(Duly Authorized)
	
	ROBERTS CONSOLIDATED INDUSTRIES, INC.
		
	By:	 	 /s/ Lewis Gould

	Name:	 	Lewis Gould
	Its:	 	President
	(Duly Authorized)
	
	ROBERTS HOLDING INTERNATIONAL, INC.
		
	By:	 	 /s/ Lewis Gould

	Name:	 	Lewis Gould
	Its:	 	President
	(Duly Authorized)
	
	ROBERTS COMPANY CANADA LIMITED
		
	By:	 	 /s/ Lewis Gould

	Name:	 	Lewis Gould
	Its:	 	President
	(Duly Authorized)

			
	Q.E.P. ZOCALIS HOLDING L.L.C.
		
	By:	 	 /s/ Lewis Gould

	Name:	 	Lewis Gould
	Its:	 	President
	(Duly Authorized)
	
	BOIARDI PRODUCTS CORPORATION
		
	By:	 	 /s/ Lewis Gould

	Name:	 	Lewis Gould
	Its:	 	President
	(Duly Authorized)
	
	ROBERTS CAPITOL, INC.
		
	By:	 	 /s/ Lewis Gould

	Name:	 	Lewis Gould
	Its:	 	President
	(Duly Authorized)
	
	QEP-CALIFORNIA, INC.
		
	By:	 	 /s/ Lewis Gould

	Name:	 	Lewis Gould
	Its:	 	President
	(Duly Authorized)
	
	Q.E.P. STONE HOLDINGS, INC.
		
	By:	 	 /s/ Lewis Gould

	Name:	 	Lewis Gould
	Its:	 	President
	(Duly Authorized)

 AGENT: 
  

			
	BANK OF AMERICA, N.A., successor-in-interest to FLEET CAPITAL CORPORATION
		
	By:	 	 /s/ Seth Tyminski

	Name:	 	Seth Tyminski
	Title:	 	Assistant Vice President

 LENDERS: 
  

			
	BANK OF AMERICA, N.A., successor-in-interest to FLEET CAPITAL CORPORATION
		
	By:	 	 /s/ Seth Tyminski

	Name:	 	Seth Tyminski
	Title:	 	Assistant Vice President

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