Document:

Exhibit 10.2

 

AMENDED AND RESTATED CHANGE OF CONTROL AGREEMENT

 

This Amended and Restated Change of Control
Agreement (the “Agreement”) is made and entered into effective as of January 1,
2009, by and between Kathryn A. Tunstall (the “Employee”) and Conceptus, Inc.,
a Delaware corporation (the “Company”).

 

R E C I T A L S

 

A.                                   The Company and Employee entered into
that certain Change of Control Agreement effective as of May 13, 1997 (the
“Original Agreement”) and now wish to amend and restate the Original Agreement.

 

B.                                     It is expected that another company or
other entity may from time to time  consider
the possibility of acquiring the Company or that a change of control may
otherwise  occur, with or without the approval of
the Company’s Board of Directors (the “Board”).  The  Board
recognizes that such consideration can be a distraction to the Employee, the
Chairman of the Board of the Company, and can cause the Employee to consider
alternative opportunities.  The Board has determined that it is in the best interests
of the Company and
its
stockholders to assure that the Company will have the continued dedication and  objectivity of the Employee, notwithstanding the
possibility, threat or occurrence of a Change of Control (as defined below) of
the Company.

 

C.                                     The Board believes that it is in the best interests of
the Company and its stockholders to provide the Employee with an incentive to
continue his or her employment with the Company.

 

D.                                    The Board believes that it is imperative
to provide the Employee with certain benefits upon a Change of Control and,
under certain circumstances, upon termination of the Employee’s employment in
connection with a Change of Control, which benefits are intended to provide the
Employee with financial security and provide sufficient income and
encouragement to the Employee to remain with the Company notwithstanding the
possibility of a Change of Control.

 

E.                                      To accomplish the foregoing objectives,
the Board of Directors has directed the Company, upon execution of this
Agreement by the Employee, to agree to the terms provided in this Agreement.

 

F.                                      Certain capitalized terms used in the
Agreement are defined in Section 4 below.

 

In consideration of the mutual covenants contained
in this Agreement, and in consideration of the continuing employment of
Employee by the Company, the parties agree as follows:

 

1.                                       At-Will Employment. The Company and the
Employee acknowledge  that the
Employee’s employment is
and shall continue to be at-will, as defined under  applicable law.   If the
Employee’s employment
terminates for any reason, 

 

 

including (without  limitation) any termination prior to a Change
of Control, the Employee shall not be entitled  to any payments or benefits, other than as
provided by this Agreement, or as may otherwise  be available in accordance with the terms of
the Company’s then existing
employee plans and  written
policies in effect at the time of termination.  The terms of
this Agreement shall  terminate upon
the earlier of (i) the date on which Employee ceases to be employed as the
Chairman of the Board of the Company, other than as a result of an involuntary
termination by the  Company without
Cause (ii) the date that all obligations of the parties hereunder have
been  satisfied, or (iii) two
(2) years after a Change of Control. A termination of the terms of this  Agreement pursuant to the
preceding sentence shall be effective for all purposes, except that  such termination shall not
affect the payment or provision of compensation or benefits on  account of a termination of
employment occurring prior to the termination of the terms of this  Agreement.

 

2.                                       Stock Options and other Equity Awards. 
Subject to Sections 5 and 6 below, in the event of a Change of Control
and regardless of whether Employee’s employment with the Company is terminated
in connection with the Change of Control, each stock option or other equity
award granted for the Company’s securities held by the Employee shall become
fully vested and immediately exercisable and any contractual restrictions on
transfer will thereupon lapse on the effective date of the transaction and
shall be exercisable to the extent so vested in accordance with the provisions
of the Stock Option Agreement or other agreement and Stock Option Plan or other
equity plan pursuant to which such stock option or other equity award was
granted.

 

3.                                       Change of Control.

 

(a)                                  Termination
Following A Change of Control.  Subject to Section 5 and 6 below, if the
Employee’s employment with the Company is terminated at any time within two (2) years
after a Change of Control, then the Employee shall be entitled to receive
severance benefits as follows:

 

(i)                                     Voluntary Resignation. 
If the Employee voluntarily resigns from the Company (other than as an
Involuntary Termination (as defined below) or if the Company terminates the
Employee’s employment for Cause (as defined below)), then the Employee shall
not be entitled to receive severance payments. 
Subject to Section 3(b), the Employee’s benefits will be terminated
under the terms of the Company’s then existing benefit plans and policies in
accordance with such plans and policies in effect on the date of termination or
as otherwise determined by the Board of Directors of the Company.

 

(ii)                                  Involuntary Termination. 
If the Employee’s employment is terminated as a result of an Involuntary
Termination other than for Cause, the Employee shall be entitled to receive the
following benefits:  (i) severance
payments during the period from the date of the Employee’s termination until
the date 18 months after the effective date of the termination (the “Severance
Period”) equal to the salary which the Employee was receiving at the time of
such termination, which payments shall be paid in substantially equal bi-weekly
installments during the Severance Period; (ii) 

 

2

 

continuation of all health and life insurance benefits
through the end of the Severance Period substantially identical to those to
which the Employee was entitled immediately prior to the termination, or to
those being offered to officers of the Company, or a successor corporation, if
the Company’s benefit programs are changed during the Severance Period (and the
Employee shall be eligible to invoke her rights under Section 3(b) thereafter);
and (iii) reimbursement for additional health care premiums during or
after the Severance Period and not already covered by clause (ii) with a
total value not to exceed $15,000.  For
purposes of Section 409A of the Internal Revenue Code of 1986, as amended
(the “Code”) (including, without limitation, for purposes of Treasury
Regulation Section 1.409A-2(b)(2)(iii)), the Employee’s right to receive
the installment payments above shall be treated as a right to receive a series
of separate payments and, accordingly, each installment payment shall at all
times be considered a separate and distinct payment.

 

(iii)                               Involuntary Termination for Cause. 
If the Employee’s employment is terminated for Cause, then the Employee
shall not be entitled to receive severance payments.  The Employee’s benefits will be terminated
under the Company’s then existing benefit plans and policies in accordance with
such plans and policies in effect on the date of termination.

 

(b)                                 Termination
Apart from A Change of Control; Health Care Coverage.  In the event the Employee’s employment
terminates for any reason, either prior to the occurrence of a Change of
Control or after the two year period following the effective date of a Change
of Control, then the Employee shall not be entitled to receive any severance
payments under this Agreement.  The
Employee’s benefits will be terminated under the terms of the Company’s then
existing benefit plans and policies in accordance with such plans and policies
in effect on the date of termination or as otherwise determined by the Board of
Directors of the Company. 
Notwithstanding the foregoing but not in diminution of any other
provision of this Agreement, if the Employee’s employment with the Company
terminates at anytime due to Employee’s retirement or for any other reason, then
at the Employee’s request, the Company shall use its best efforts to make
health care benefits coverage available to the Employee, and if the Employee
elects such coverage, the Employee shall pay the incremental out-of-pocket
costs incurred by the Company in connection with obtaining such coverage for
the Employee.

 

4.                                       Definition of Terms. 
The following terms referred to in this Agreement shall have the
following meanings:

 

(a)                                  Change of
Control.  “Change of Control” shall mean
the occurrence of any of the following events:

 

(i)                                     Ownership.  Any “Person”
(as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended) is or becomes the “Beneficial Owner” (as
defined in Rule 13d-3 under said Act), directly or indirectly, of
securities of the Company representing twenty percent (20%) or more of the 

 

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total voting power represented by the Company’s then
outstanding voting securities without the
approval of the Board of Directors of the Company; or

 

(ii)                                  Merger/Sale of Assets. 
A merger or consolidation of the Company whether or not approved by the
Board of Directors of the Company, other than a merger or consolidation which
would result in the voting securities of the Company outstanding immediately
prior thereto continuing to represent (either by remaining outstanding or by
being converted into voting securities of the surviving entity) at least fifty
percent (50%) of the total voting power represented by the voting securities of
the Company or such surviving entity outstanding immediately after such merger
or consolidation, or the stockholders of the Company approve a plan of complete
liquidation of the Company or an agreement for the sale or disposition by the
Company of all or substantially all of the Company’s assets.

 

(iii)                               Change in Board Composition. 
A change in the composition of the Board of Directors of the Company, as
a result of which fewer than a majority of the directors are Incumbent
Directors. “Incumbent Directors” shall mean directors who either (A) are
directors of the Company as of May 13, 1997 or (B) are elected, or
nominated for election, to the Board of Directors of the Company with the
affirmative votes of at least a majority of the Incumbent Directors at the time
of such election or nomination (but shall not include an individual whose
election or nomination is in connection with an actual or threatened proxy
contest relating to the election of directors to the Company).

 

(b)                                 Cause.  “Cause” shall mean (i) gross negligence
or willful misconduct in the performance of the Employee’s duties to the
Company where such gross negligence or willful misconduct has resulted or is
likely to result in substantial and material damage to the Company or its
subsidiaries, (ii) repeated unexplained or unjustified absence from the
Company, (iii) a material and willful violation of any federal or state
law; (iv) commission of any act of fraud with respect to the Company; or (v) conviction
of a felony or a crime involving moral turpitude causing material harm to the
standing and reputation of the Company, in each case as determined in good
faith by the Board of Directors of the Company.

 

(c)                                  Involuntary
Termination.  “Involuntary
Termination” means the Employee’s Separation from Service (as defined below)
initiated by the Company other than for Cause or the Employee’s Separation from
Service with the Company by reason of resignation, upon 30 days prior written
notice to the Company, following (i) any material reduction of the Employee’s
base compensation (other than in connection with a general decrease in base
salaries for most similarly situated employees of the successor corporation);
or (ii) a material change in the geographic location at which the Employee
performs services for the Company.  The Employee’s Separation from Service by
reason of resignation from employment with the Company shall be an “Involuntary
Termination” only if the Employee provides notice to the Company of the
condition giving rise to her Involuntary Termination within 90 days after the
initial existence of such condition.

 

4

 

(d)                                 “Separation
from Service” with respect to the Employee means the Employee’s “separation
from service” within the meaning of Section 409A of the Code and the
regulations promulgated thereunder, including Treasury Regulation Section 1.409A-1(h).

 

5.                                       Limitation on Payments. 
To the extent that any of the payments or benefits provided for in this
Agreement to the Employee constitute “parachute payments” within the meaning of
Section 280G of the Code and, but for this Section 5, would be
subject to the excise tax imposed by Section 4999 of the Code, the Company
shall reduce the aggregate amount of such payments and benefits such that the
present value thereof (as determined under the Code and the applicable
regulations) is equal to 2.99 times the Employee’s “base amount” as defined in Section 280G(b)(3) of
the Code.

 

6.                                       Successors.  Any successor
to the Company (whether direct or indirect and whether by purchase, lease,
merger, consolidation, liquidation or otherwise) to all or substantially all of
the Company’s business and/or assets shall assume the obligations under this
Agreement and agree expressly to perform the obligations under this Agreement
in the same manner and to the same extent as the Company would be required to
perform such obligations in the absence of a succession.  The terms of this Agreement and all of the
Employee’s rights hereunder shall inure to the benefit of, and be enforceable
by, the Employee’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees.

 

7.                                       Notice.  Notices and
all other communications contemplated by this Agreement shall be in writing and
shall be deemed to have been duly given when personally delivered or when
mailed by U.S. registered or certified mail, return receipt requested and
postage prepaid.  Mailed notices to the
Employee shall be addressed to the Employee at the home address which the
Employee most recently communicated to the Company in writing.  In the case of the Company, mailed notices
shall be addressed to its corporate headquarters, and all notices shall be
directed to the attention of its Secretary.

 

8.                                       Miscellaneous Provisions.

 

(a)                                  Section 409A of the
Code.  Notwithstanding any provision
to the contrary in the Agreement, if the Employee is deemed by the Company at
the time of her Separation from Service to be a “specified employee” for
purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent
delayed commencement of any portion of the termination benefits to which the
Employee is entitled under this Agreement is required in order to avoid a
prohibited distribution under Section 409A(a)(2)(B)(i) of the Code,
such portion of the Employee’s termination benefits shall not be provided to
the Employee prior to the earlier of (i) the expiration of the six-month
period measured from the date of the Employee’s Separation from Service with
the Company or (ii) the date of the Employee’s death.  Upon the first business day following the
expiration of the applicable Code Section 409A(a)(2)(B)(i) deferral
period, all payments deferred pursuant to this Section shall be paid in a
lump sum to the Employee (or the Employee’s estate or beneficiaries), and any
remaining payments due under the Agreement shall be paid as otherwise provided
herein.  To the extent that any
reimbursements payable pursuant to 

 

5

 

this Agreement are deemed deferred compensation subject to the
provisions of Section 409A of the Code, 
any such reimbursements shall be paid to the Employee no later than December 31
of the year following the year in which the cost was incurred, the amount of
expenses reimbursed in one year shall not affect the amount eligible for
reimbursement in any subsequent year, and the Employee’s right to reimbursement
under this Agreement will not be subject to liquidation or exchange for another
benefit.

 

(b)                                 No Duty to Mitigate.  The Employee shall not be required to
mitigate the amount of any payment contemplated by this Agreement (whether by
seeking new employment or in any other manner), nor, except as otherwise
provided in this Agreement, shall any such payment be reduced by any earnings
that the Employee may receive from any other source.

 

(e)                                  Waiver.  No provision of this Agreement shall be
modified, waived or discharged unless the modification, waiver or discharge is
agreed to in writing and signed by the Employee and by an authorized officer of
the Company (other than the Employee). No waiver by either party of any breach
of, or of compliance with, any condition or provision of this Agreement by the
other party shall be considered a waiver of any other condition or provision or
of the same condition or provision at another time.

 

(f)                                    Whole Agreement.  No agreements, representations or
understandings (whether oral or written and whether express or implied) which
are not expressly set forth in this Agreement have been made or entered into by
either party with respect to the subject matter hereof.  This Agreement supersedes any agreement of
the same title and concerning similar subject matter dated prior to the date of
this Agreement, including the Original Agreement, and by execution of this
Agreement both parties agree that any such predecessor agreement shall be
deemed null and void.

 

(g)                                 Choice of Law.  The validity, interpretation, construction
and performance of this Agreement shall be governed by the laws of the State of
California without reference to conflict of laws provisions.

 

(h)                                 Severability.  If any term or provision of this Agreement or
the application thereof to any circumstance shall, in any jurisdiction and to
any extent, be invalid or unenforceable, such term or provision shall be
ineffective as to such jurisdiction to the extent of such invalidity or
unenforceability without invalidating or rendering unenforceable the remaining
terms and provisions of this Agreement or the application of such terms and
provisions to circumstances other than those as to which it is held invalid or
unenforceable, and a suitable and equitable term or provision shall be
substituted therefor to carry out, insofar as may be valid and enforceable, the
intent and purpose of the invalid or unenforceable term or provision.

 

(i)                                     Arbitration.  Any dispute, claim or controversy based on,
arising out of or relating to the Employee’s employment or this Agreement
shall, at the option of either party hereto, be settled by final and binding
arbitration in San Clara County, California, before a single neutral arbitrator
in accordance with the National Rules for the Resolution of Employment
Disputes (the “Rules”) of the American 

 

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Arbitration Association, and
judgment on the award rendered by the arbitrator may be entered in any court
having jurisdiction.  Arbitration may be
compelled pursuant to the California Arbitration Act (Code of Civil Procedure
§§ 1280 et seq.).  If the parties
are unable to agree upon an arbitrator, one shall be appointed by the AAA in
accordance with its Rules.  Each party
shall pay the fees of its own attorneys, the expenses of its witnesses and all
other expenses connected with presenting its case; however, the Employee and the Company agree that, to the extent
permitted by law, the arbitrator may, in his discretion, award reasonable
attorneys’ fees to the prevailing party. 
Other costs of the arbitration, including the cost of any record or
transcripts of the arbitration, AAA’s administrative fees, the fee of the
arbitrator, and all other fees and costs, shall be borne by the Company.  If either of the parties hereto elect to
submit a dispute, claim or controversy to arbitration in accordance with this Section 8(i),
this Section 8(i) is intended to be the exclusive method for
resolving any and all claims by the parties against each other for payment of
damages under this Agreement or relating to the Employee’s employment; provided, however, that neither this
Agreement nor the submission to arbitration shall limit the parties’ right to
seek provisional relief, including, without limitation, injunctive relief, in
any court of competent jurisdiction pursuant to California Code of Civil
Procedure § 1281.8 or any similar statute of an applicable jurisdiction.  Seeking any such relief shall not be deemed
to be a waiver of such party’s right to compel arbitration. Pursuant to
California Civil Code Section 1717, each party warrants that it was
represented by counsel in the negotiation and execution of this Agreement,
including the attorneys’ fees provision herein

 

(j)                                     Legal Fees and
Expenses.  The parties
shall each bear their own expenses, legal fees and other fees incurred in
connection with this Agreement.

 

(k)                                  No Assignment
of Benefits.  The rights
of any person to payments or benefits under this Agreement shall not be made
subject to option or assignment, either by voluntary or involuntary assignment
or by operation of law, including (without limitation) bankruptcy, garnishment,
attachment or other creditor’s process, and any action in violation of this
subsection (i) shall be void.

 

(l)                                     Employment
Taxes.  All payments made pursuant to
this Agreement will be subject to withholding of applicable income and
employment taxes.

 

(m)                               Assignment by
Company.  The Company may assign its
rights under this Agreement to an affiliate, and an affiliate may assign its
rights under this Agreement to another affiliate of the Company or to the
Company; provided, however, that no assignment shall be made if the net worth of
the assignee is less than the net worth of the Company at the time of
assignment. In the case of any such assignment, the term “Company” when used in
a section of this Agreement shall mean the corporation that actually employs
the Employee.

 

(n)                                 Counterparts.  This Agreement may be executed in
counterparts, each of which shall be deemed an original, but all of which
together will constitute one and the same instrument.

 

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IN WITNESS WHEREOF, each of the parties has
executed this Agreement, in the case of the Company by its duly authorized
officer, as of the day and year first above written.

 

	
  CONCEPTUS, INC.

  	
   

  	
  KATHRYN A. TUNSTALL

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Gregory E. Lichtwardt

  	
   

  	
  /s/ Kathryn A. Tunstall

  
	
   

  	
   

  	
   

  	
   

  
	
  Title: 

  	
  Executive VP, Treasurer
  and CFO

  	
   

  	
   

  

 

8Exhibit 10.01

 

SIXTH
AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS SIXTH
AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”)
effective as of April 30, 2009, by and among BLOUNT, INC., a Delaware
corporation (“Blount, Inc.”), GEAR PRODUCTS, INC., an Oklahoma
corporation (“Gear”), OMARK PROPERTIES, INC., an Oregon corporation (“Omark”),
WINDSOR FORESTRY TOOLS LLC, a Tennessee limited liability company (“Windsor”)
(Gear, Omark, Windsor and Blount, Inc. are sometimes collectively referred
to herein as “Borrowers” and individually as “Borrower”); the
other Credit Parties signatory hereto; GENERAL ELECTRIC CAPITAL CORPORATION, a
Delaware corporation (in its individual capacity, “GE Capital”), in its
capacity as Agent for the Lenders (as defined below) (“Agent”); and the
other Lenders party hereto.

 

W I T N
E S S E T H:

 

WHEREAS,
Borrowers, the other Credit Parties signatory thereto, the lenders party
thereto from time to time (the “Lenders”) and Agent are parties to that
certain Amended and Restated Credit Agreement dated as of August 9, 2004,
as amended pursuant to that certain First Amendment dated as of December 1,
2004, as further amended pursuant to that certain Second Amendment dated as of June 10,
2005, as further amended pursuant to that certain Third Amendment dated as of March 23,
2006, as further amended pursuant to that certain Fourth Amendment dated as of March 23,
2006, as further amended pursuant to that certain Fifth Amendment dated as of November 5,
2007 (as further amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”); and

 

WHEREAS,
Borrowers and the other Credit Parties have requested that Lenders
holding the Revolving Loan Commitment amend certain terms under the Credit
Agreement; and

 

WHEREAS,
Borrowers and Lenders have agreed to the requested amendments on the terms and subject
to the conditions set forth herein;

 

NOW
THEREFORE, in consideration of the foregoing premises and other good and
valuable consideration paid by each party to the other, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree that all
capitalized terms not otherwise defined herein (including the recitals and
preamble hereof) shall have the meanings ascribed to such terms in the Credit
Agreement and further agree as follows:

 

1.             Amendments to the Credit Agreement.

 

(a)           Section 1.5 of the Credit Agreement,
Interest and Applicable Margins, is hereby modified and amended by
deleting subsection (a) in its entirety and inserting the following in
lieu thereof:

 

“(a)         US Borrowers shall pay interest to Agent, for the
ratable benefit of US Lenders, in accordance with the various Loans being made
by each Lender, in arrears on each applicable Interest Payment Date, at the
following rates: (i) with respect to the Revolving Credit Advances, the US
Index Rate plus the Applicable Revolver US Index Margin per annum or, at the
election of Borrower Representative, the applicable LIBOR Rate plus the
Applicable Revolver LIBOR Margin per annum, based on the 

 

 

aggregate Revolving
Credit Advances outstanding from time to time; (ii) with respect to the
Swing Line Loan, the US Index Rate plus the Applicable Revolver US Index Margin
per annum, based on the aggregate Swing Line Loans outstanding from time to
time; and (iii) with respect to the Term Loan B, the US Index Rate plus
the Applicable Term Loan B Index Margin per annum or, at the election of
Borrower Representative, the applicable LIBOR Rate plus the Applicable Term
Loan B LIBOR Margin per annum, based on the aggregate Term Loan B outstanding
from time to time.

 

The Applicable
Margins are as follows:

 

	
  Applicable
  Revolver US Index Margin

  	
   

  	
  3.25

  	
  %

  
	
  Applicable
  Revolver LIBOR Margin

  	
   

  	
  5.00

  	
  %

  
	
  Applicable
  Term Loan B Index Margin

  	
   

  	
  0.00

  	
  %

  
	
  Applicable
  Term Loan B LIBOR Margin

  	
   

  	
  1.75

  	
  %

  
	
  Applicable
  Unused Line Fee Margin

  	
   

  	
  1.00

  	
  %”

  

 

(b)           Annex A to the Credit Agreement, Definitions, is
hereby modified and amended to delete the definitions of “Commitment
Termination Date”, “LIBOR Rate”, “Revolving Loan Commitment” and “US Index Rate”
in their entirety and inserting the following in lieu thereof:

 

““Commitment
Termination Date” means the earliest of (a) with respect to all
Commitments and Loans and for purposes of clause (e) of the definition of
US Pro Rata Share, August 9, 2010, (b) the date of termination of
Lenders’ obligations to make Advances and to incur Letter of Credit Obligations
or permit existing Loans to remain outstanding pursuant to Section 8.2(b),
and (c) the date of indefeasible prepayment in full by Borrowers of the
Loans and the cancellation and return (or stand-by guarantee) of all Letters of
Credit or the cash collateralization of all Letter of Credit Obligations
pursuant to Annex B, and the permanent reduction of all Commitments to
zero dollars ($0).

 

“LIBOR Rate”
means:

 

(a)           with respect to each Revolving Loan bearing interest
at the LIBOR Rate, for each LIBOR Period, a rate of interest determined by
Agent equal to the greater of (i)(A) the offered rate for deposits of US
Dollars for a three-month LIBOR Period that appears on Reuters Screen LIBOR01 Page as
of 11:00 A.M. (London, England time) two (2) Business Days prior to
the first day in each LIBOR Period; divided by (B) a number equal to 1.0 minus
the aggregate (but without duplication) of the rates (expressed as a decimal
fraction) of reserve requirements in effect on the 

 

2

 

day that is 2
LIBOR Business Days prior to the beginning of such LIBOR Period (including
basic, supplemental, marginal and emergency reserves under any regulations of
the Federal Reserve Board or other Governmental Authority having jurisdiction
with respect thereto, as now and from time to time in effect) for Eurocurrency
funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of
the Federal Reserve Board that are required to be maintained by a member bank
of the Federal Reserve System; and (ii) 2.50%.  With respect to any Revolving Loans, if no
such offered rate exists, such rate shall be the rate of interest per annum, as
determined by Agent and Borrower Representative (rounded upwards, if necessary,
to the nearest 1/100 of 1.00%) at which deposits of US Dollars in immediately
available funds are offered at 11:00 A.M. (London, England time) two (2) Business
Days prior to the first day in the applicable LIBOR Period by major financial
institutions reasonably satisfactory to Agent in the London interbank market
for the applicable LIBOR Period and for an amount equal or comparable to the
principal amount of the Revolving Loans to be borrowed, converted or continued
as a LIBOR Loan on such date of determination.

 

(b)           with respect to Term Loans bearing interest at the
LIBOR Rate, for each LIBOR Period, a rate of interest determined by Agent equal
to: (i) the offered rate for deposits in US Dollars for the applicable
LIBOR Period that appears on Telerate Page 3750 as of 11:00 a.m.
(London time), on the second full LIBOR Business Day next preceding the first
day of such LIBOR Period (unless such date is not a Business Day, in which
event the next succeeding Business Day will be used); divided by (ii) a
number equal to 1.0 minus the aggregate (but without duplication) of the
rates (expressed as a decimal fraction) of reserve requirements in effect on
the day that is 2 LIBOR Business Days prior to the beginning of such LIBOR
Period (including basic, supplemental, marginal and emergency reserves under
any regulations of the Federal Reserve Board or other Governmental Authority
having jurisdiction with respect thereto, as now and from time to time in
effect) for Eurocurrency funding (currently referred to as “Eurocurrency
Liabilities” in Regulation D of the Federal Reserve Board that are required to
be maintained by a member bank of the Federal Reserve System.  With respect to Term Loans, if such interest
rates shall cease to be available from Telerate News Service, the LIBOR Rate
shall be determined from such financial reporting service or other information
as shall be mutually acceptable to Agent and Borrower Representative.

 

“Revolving Loan
Commitment” means (a) as to any Lender, the aggregate commitment of
such Lender to make Revolving Credit Advances or incur Letter of Credit
Obligations as set forth on its signature page to the Sixth Amendment or,
if such Lender enters into an Assignment Agreement after the Sixth Amendment
Effective Date, in the most recent Assignment Agreement executed by such Lender
and (b) as to all Lenders, the aggregate commitment of all Lenders to make
Revolving Credit Advances or incur Letter of Credit Obligations, which
aggregate commitment shall be Ninety Million Dollars ($90,000,000) on the Sixth
Amendment 

 

3

 

Effective Date, as such
amount may be adjusted, if at all, from time to time in accordance with the
Agreement.

 

“US Index Rate”
means:

 

(a)           with respect to any Revolving Loan bearing interest at
the US Index Rate, for any day, a rate per annum equal to the highest of (i) the
rate last quoted by The Wall Street Journal as the “Prime Rate” in the United
States or, if The Wall Street Journal ceases to quote such rate, the highest
per annum interest rate published by the Federal Reserve Board in Federal
Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank
prime loan” rate, or, if such rate is no longer quoted therein, any similar
rate quoted therein (as reasonably determined by Agent) or any similar release
by the Federal Reserve Board (as reasonably determined by Agent), (ii) the
sum of (x) the Federal Funds Rate, plus (y) 3.00% per annum and (iii) the
sum of (x) the LIBOR Rate calculated for each day based on a LIBOR Period
of three (3) months determined two (2) Business Days prior to such
day, plus (y) the excess of the Applicable Revolver LIBOR Margin over the
Applicable Revolver US Index Margin, in each instance, as of such day; and

 

(b)           with respect to the Term Loans, for any day, a floating
rate equal to the higher of (i) the rate publicly quoted from time to time
by The Wall Street Journal as the “base rate on corporate loans posted by at
least 75.00% of the nation’s 30 largest banks” (or, if The Wall Street Journal
ceases quoting a base rate of the type described, the highest per annum rate of
interest published by the Federal Reserve Board in Federal Reserve statistical
release H.15 (519) entitled “Selected Interest Rates” as the Bank prime loan
rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis
points per annum.

 

Each change in any
interest rate provided for in the Agreement based upon the US Index Rate shall
take effect at the time of such change in the US Index Rate.”

 

(c)           Annex A to the Credit Agreement, Definitions, is
hereby further modified and amended by inserting the following definition in
the appropriate alphabetical order:

 

““Sixth
Amendment” shall mean that certain Sixth Amendment to Amended and Restated
Credit Agreement, dated as of the Sixth Amendment Effective Date, among the
Borrowers, Agent and Lenders party thereto.

 

“Sixth
Amendment Effective Date” means April 30, 2009.”

 

(d)           The Credit Agreement is hereby modified
and amended by deleting all references to the Revolving Loan Commitments set
forth on Annex J to the Credit Agreement in their entirety and replacing such
Revolving Loan Commitments, effective as of the Sixth Amendment Effective Date,
with the information set forth on Annex J-1 attached hereto as Exhibit A.

 

4

 

2.             No Other Amendments. 
Except as otherwise expressed herein, the execution, delivery and
effectiveness of this Amendment shall not operate as a waiver of any right,
power or remedy of Agent and Lenders under the Credit Agreement or any of the
other Loan Documents, nor constitute a waiver of any provision of the Credit
Agreement or any of the other Loan Documents. 
Except for the amendments set forth above, the text of the Credit
Agreement and all other Loan Documents shall remain unchanged and in full force
and effect and each Credit Party hereby ratifies and confirms its obligations
thereunder.  This Amendment shall not
constitute a modification of the Credit Agreement or any other Loan Document or
a course of dealing between Borrowers and the other Credit Parties, on the one
hand, and Lenders, on the other hand, at variance with the Credit Agreement or
any other Loan Document such as to require further notice by Lenders to
Borrowers or such Credit Parties to require strict compliance with the terms of
the Credit Agreement and the other Loan Documents in the future, except as
expressly set forth herein. Each Borrower and each other Credit Party
acknowledges and expressly agrees that Lenders reserve the right to, and do in
fact, require strict compliance with all terms and provisions of the Credit
Agreement and the other Loan Documents. 
Neither any Borrower nor any other Credit Party has knowledge of any
challenge to Lenders’ claims arising under the Loan Documents or the
effectiveness of the Loan Documents.

 

3.             Conditions Precedent to Effectiveness. 
This Amendment shall be effective as of the date first written above
upon satisfaction of the following:

 

(a)           Agent’s receipt of a counterpart hereof
duly executed by Borrowers and each Lender holding a Revolving Loan Commitment;

 

(b)           Agent’s receipt of a counterpart of certain
Fee Letter, dated as of the Sixth Amendment Effective Date, between Borrowers
and Agent; and

 

(c)           The representations and warranties of
Borrowers and other Credit Parties contained in this Amendment shall be true and
accurate in all respects.

 

4.             Representations and Warranties of
Borrowers and Other Credit Parties.  The Credit
Parties executing this Amendment, jointly and severally, make the following
representations and warranties to Agent and each Lender with respect to all
Credit Parties, each and all of which shall survive the execution and delivery
of this Amendment:

 

(a)           This Amendment has been executed and
delivered by duly authorized representatives of each Credit Party, and the
Credit Agreement, as modified and amended by this Amendment, constitutes a
legal, valid and binding obligation of each Credit Party, and is enforceable
against each Credit Party in accordance with its terms;

 

(b)           No Default or Event of Default has
occurred or is continuing; and

 

(c)           All of the representations and warranties
of each Credit Party contained in the Credit Agreement continue to be true and
correct in all material respects as of the date hereof as though made on and as
of such date, except to the extent that such representation or warranty
expressly relates to an earlier date or except for changes therein expressly
permitted or expressly contemplated by the Credit Agreement, as amended hereby.

 

5.             Effect on the Credit Agreement and other
Loan Documents.  Except as specifically provided herein, the
Credit Agreement and the other Loan Documents shall remain 

 

5

 

in full force and effect, and are hereby ratified,
reaffirmed and confirmed. This Amendment shall be deemed to be a Loan Document
for all purposes.

 

6.             Costs and Expenses. 
Each Borrower, jointly and severally, agrees to pay on demand all fees,
costs and expenses incurred in connection with the preparation, execution,
delivery, administration, modification and amendment of this Amendment and the
other instruments and documents to be delivered hereunder, including, without
limitation, the reasonable fees, costs and expenses of counsel for Agent with
respect thereto and with respect to advising Agent as to its rights and
responsibilities hereunder and thereunder.

 

7.             Counterparts. 
This Amendment may be executed in any number of separate counterparts
and by the different parties hereto on separate counterparts, each of which
shall be deemed an original and all of which, taken together, shall be deemed
to constitute one and the same instrument. In proving this Amendment in any
judicial proceedings, it shall not be necessary to produce or account for more
than one such counterpart signed by the party against whom such enforcement is
sought. Any signatures delivered by a party by facsimile or other electronic
transmission shall be deemed an original signature hereto.

 

8.             GOVERNING LAW. 
EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS AMENDMENT, IN ALL
RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, THIS
AMENDMENT AND THE OBLIGATIONS SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO
CONTRACTS MADE AND PERFORMED IN THAT STATE AND ANY APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA.  EACH CREDIT
PARTY HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN
NEW YORK COUNTY, CITY OF NEW YORK, NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION
TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THE CREDIT PARTIES, AGENT AND
LENDERS PERTAINING TO THIS AMENDMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR TO
ANY MATTER ARISING OUT OF OR RELATING TO THIS AMENDMENT OR ANY OF THE OTHER
LOAN DOCUMENTS; PROVIDED, THAT AGENT, LENDERS AND THE CREDIT PARTIES
ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A
COURT LOCATED OUTSIDE OF NEW YORK COUNTY; PROVIDED  FURTHER,  THAT NOTHING IN THIS AMENDMENT SHALL BE
DEEMED OR OPERATE TO PRECLUDE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL
ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER
SECURITY FOR THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN
FAVOR OF AGENT, AND CREDIT PARTIES MAY MAKE ANY COUNTERCLAIMS RELATING TO
THE SAME MATTER, REQUESTS FOR EQUITABLE RELIEF RELATING TO THE SAME MATTER OR
AFFIRMATIVE DEFENSES IN CONNECTION THEREWITH. 
EACH CREDIT PARTY EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH
JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH CREDIT
PARTY HEREBY WAIVES ANY OBJECTION THAT SUCH CREDIT PARTY MAY HAVE BASED
UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM  NON  CONVENIENS
AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS
DEEMED APPROPRIATE BY SUCH COURT.  EACH
CREDIT PARTY HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT 

 

6

 

AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT
AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINTS AND OTHER PROCESS MAY BE
MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH CREDIT PARTY AT THE
ADDRESS SET FORTH IN ANNEX I OF THE CREDIT AGREEMENT AND THAT SERVICE SO
MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH CREDIT PARTY’S ACTUAL
RECEIPT THEREOF OR 3 DAYS AFTER DEPOSIT IN THE UNITED STATES MAILS, PROPER
POSTAGE PREPAID.

 

[The remainder of the page is intentionally
blank.]

 

7

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment or caused it
to be executed under seal by their duly authorized officers, as of the day and
year first written above.

 

	
   

  	
  BORROWERS:

  
	
   

  	
   

  
	
   

  	
  BLOUNT,
  INC., a
  Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Calvin E. Jenness

  
	
   

  	
  Name:

  	
  Calvin E. Jenness

  
	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GEAR
  PRODUCTS, INC., an
  Oklahoma corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Calvin E. Jenness

  
	
   

  	
  Name:

  	
  Calvin E. Jenness

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  OMARK
  PROPERTIES, INC., an
  Oregon corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard H.
  Irving, III

  
	
   

  	
  Name:

  	
  Richard H.
  Irving, III

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WINDSOR
  FORESTRY TOOLS LLC,
  a Tennessee limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By: Blount, Inc.,
  its sole member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard H.
  Irving, III

  
	
   

  	
  Name:

  	
  Richard H.
  Irving, III

  
	
   

  	
  Title:

  	
  Senior Vice President

  

 

SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
   

  	
  AGENT
  AND LENDERS:

  
	
   

  	
   

  
	
   

  	
  GENERAL ELECTRIC CAPITAL

  
	
   

  	
  CORPORATION, as Agent and a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Judith A.
  Langan

  
	
   

  	
  Name:

  	
  Judith A. Langan

  
	
   

  	
  Title:

  	
  Duly Authorized
  Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NAVIGATOR
  CDO 2004, LTD.,
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  GE Asset
  Management Inc., as Collateral Manager

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Campos

  
	
   

  	
  Name:

  	
  John Campos

  
	
   

  	
  Title:

  	
  Authorized
  Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ANTARES
  CAPITAL CORPORATION, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /S/ Judith A.
  Langan

  
	
   

  	
  Name:

  	
  Judith A. Langan

  
	
   

  	
  Title:

  	
  Duly Authorized
  Signatory

  

 

 

	
   

  	
  The following Persons
  are signatories to this Agreement in their capacity as Credit Parties and not
  as Borrowers.

  
	
   

  	
   

  	
   

  
	
   

  	
  CREDIT
  PARTIES:

  
	
   

  	
   

  	
   

  
	
   

  	
  BLOUNT
  INTERNATIONAL, INC., a Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Calvin E. Jenness

  
	
   

  	
  Name:

  	
  Calvin E. Jenness

  
	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BI,
  L.L.C., a
  Delaware limited liability company

  
	
   

  	
   

  
	
   

  	
  By: Blount, Inc.,
  its managing member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard H.
  Irving, III

  
	
   

  	
  Name:

  	
  Richard H.
  Irving, III

  
	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  4520
  CORP., INC., a
  Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard H.
  Irving, III

  
	
   

  	
  Name:

  	
  Richard H.
  Irving, III

  
	
   

  	
  Title:

  	
  Vice President

  

 

 

EXHIBIT A

 

ANNEX J-1

 

	
  Lender

  	
   

  	
  Revolving Loan Commitment

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  General Electric Capital Corporation

  	
   

  	
  $

  	
  85,500,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Antares Capital Corporation

  	
   

  	
  $

  	
  3,300,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Navigator CDO 2004 Ltd.

  	
   

  	
  $

  	
  1,200,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}]]