Document:

exv10w4

Exhibit 10.4

Schedule
of Contracts Substantially Identical to EXHIBIT 10.3 in all Material Respects

The following contracts are substantially identical in all material respects to the contract filed
herewith as EXHIBIT 10.3, except as to the identity of the Trust that is the issuer of the
variable funding notes that are to be sold pursuant to each such contract, as set forth below:

	 	1.	 	Amended and Restated Note Purchase and Security Agreement dated April
24, 2009, where TOWN CENTER FUNDING I, a statutory trust duly
organized under the laws of the State of Delaware, is the “Trust”
thereunder (instead of Bluemont Funding I, which is the Trust under
EXHIBIT 10.3); and
	 
	 	2.	 	Amended and Restated Note Purchase and Security Agreement dated April
24, 2009, where TOWN HALL FUNDING I, a statutory trust duly organized
under the laws of the State of Delaware, is the “Trust” thereunder
(instead of Bluemont Funding I, which is the Trust under EXHIBIT
10.3).exv10w1

Exhibit 10.1

AMENDMENT NO. 4

TO REVOLVING CREDIT AND SECURITY AGREEMENT

     THIS AMENDMENT NO. 4 (this “Agreement”) is entered into as of July 30, 2009, by and between
DIGITAL RECORDERS, INC. (“DR”), TWINVISION OF NORTH AMERICA, INC. (“TVna”, collectively with DR,
each a “Borrower”, and collectively the “Borrowers”), DRI CORPORATION (“DRI”, collectively with the
Borrowers, each a “Loan Party, and collectively, the “Loan Parties”), the financial institutions
party hereto (collectively, the “Lenders” and individually a “Lender”) and PNC BANK, NATIONAL
ASSOCIATION (“PNC”), as agent for Lenders (PNC, in such capacity, the “Agent”).

BACKGROUND

     Loan Parties, Lenders and Agent are parties to that certain Revolving Credit and Security
Agreement dated June 30, 2008 (as amended, restated, supplemented or otherwise modified from time
to time, the “Loan Agreement”) pursuant to which Agent and Lenders provide Borrowers with certain
financial accommodations.

     Loan Parties have requested that Agent and Lenders amend certain provisions of the Loan
Agreement as hereafter provided, and Agent and Lenders are willing to do so on the terms and
conditions hereafter set forth.

     NOW, THEREFORE, in consideration of any loan or advance or grant of credit heretofore or
hereafter made to or for the account of Borrowers by Agent or Lenders, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

     1. Definitions. All capitalized terms not otherwise defined or amended herein shall
have the meanings given to them in the Loan Agreement.

     2. Amendment. Subject to the satisfaction of Section 3 below, the Loan Agreement is
hereby amended as follows:

          (a) Section 1.2 of the Credit Agreement is hereby amended by inserting the following defined
terms in appropriate alphabetical order:

     “Acceptable Credit Insurance Policies” shall have the meaning provided
in the definition of Eligible Foreign Receivables”.

     “Eligible Foreign Receivables” shall mean and include with respect to
each Borrower, each Receivable of such Borrower that would be an Eligible
Receivable, except that that such Receivable does not meet the requirements of
sub-clause (f) of said definition, provided that no Receivable shall be an
Eligible Foreign Receivable unless (i) it is subject to a credit insurance policy
in form and substance satisfactory to Agent and Agent has been designated as a loss
payee under such credit insurance policy pursuant to a loss payable endorsement in
form

 

 

and substance satisfactory to Agent (an “Acceptable Credit Insurance Policy”)
and (ii) the sale with respect to such Receivable is to a Customer located in the
Netherlands or Belgium.”

     “Foreign Receivables Advance Rate” shall have the meaning set forth in
Section 2.1(a)(y)(i) hereof

     “Foreign Receivables Cap” shall mean, at any time, the lesser of (x)
$2,500,000 in the aggregate and (y) the aggregate amount of coverage under
Acceptable Credit Insurance Policies that the Borrowers’ have with respect to
Eligible Foreign Receivables, as determined by Agent in its reasonable discretion.

          (b) The definition of “Advance Rates” appearing in Section 1.2 of the Loan Agreement
is hereby amended to read in its entirety as set forth below:

     “Advance Rates” shall mean, collectively, the Receivables Advance Rate,
the Foreign Receivables Advance Rate and the Inventory Advance Rate.

          (c) Section 2.1(a)(y)(i) of the Loan Agreement is hereby amended to read in its entirety as
set forth below:

     “(i) the sum of (x) up to 85%, subject to the provisions of Section 2.1(b)
hereof (“Receivables Advance Rate”), of Eligible Receivables plus (y) the
lesser of (A) the applicable Foreign Receivables Cap or (B) up to 75%, subject to
the provisions of Section 2.1(b) hereof (“Foreign Receivables Advance
Rate”), of Eligible Foreign Receivables,”.

     3. Conditions of Effectiveness. This Agreement shall become effective when Agent
shall have received four (4) copies of this Agreement executed by the Required Lenders and each
Loan Party.

     4. Representations, Warranties and Covenants. Each Loan Party hereby represents,
warrants and covenants as follows:

     (a) This Agreement and the Loan Agreement constitute legal, valid and binding obligations of
such Loan Party and are enforceable against such Loan Party in accordance with their respective
terms.

     (b) Upon the effectiveness of this Agreement, each Loan Party hereby reaffirms all covenants,
representations and warranties made in the Loan Agreement to the extent the same are not amended
hereby and agrees that all such covenants, representations and warranties shall be deemed to have
been remade as of the effective date of this Agreement.

     (c) The execution, delivery and performance of this Agreement and all other documents in
connection therewith has been duly authorized by all necessary corporate action, and does not
contravene, violate or cause the breach of any agreement, judgment, order, law or regulation
applicable to any Loan Party

2

 

     (d) No Event of Default or Default has occurred and is continuing or would exist after giving
effect to this letter amendment.

     (e) No Loan Party has any defense, counterclaim or offset with respect to the Loan Agreement
or the Obligations.

     5. Effect on the Loan Agreement.

     (a) Upon the effectiveness of this Agreement, each reference in the Loan Agreement to “this
Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference
to the Loan Agreement as amended hereby. Except as specifically amended herein, the Loan
Agreement, and all other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed.
This Agreement shall constitute an “Other Document” for all purposes under the Loan Agreement.

     (b) The execution, delivery and effectiveness of this Agreement shall not operate as a waiver
of any right, power or remedy of Agent or any Lender, nor constitute a waiver of any provision of
the Loan Agreement, or any other documents, instruments or agreements executed and/or delivered
under or in connection therewith.

     6. Governing Law. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns and shall be governed by and
construed in accordance with the laws of the State of New York (other than those conflict of law
rules that would defer to the substantive law of another jurisdiction).

     7. Cost and Expenses. Loan Parties hereby agree to pay the Agent, on demand, all
costs and reasonable expenses (including reasonable attorneys’ fees and legal expenses) incurred in
connection with this Agreement and any instruments or documents contemplated hereunder.

     8. Headings. Section headings in this Agreement are included herein for convenience
of reference only and shall not constitute a part of this Agreement for any other purpose.

     9. Counterparts; Facsimile Signatures. This Agreement may be executed by the parties
hereto in one or more counterparts of the entire document or of the signature pages hereto, each of
which shall be deemed an original and all of which taken together shall constitute one and the same
agreement. Any signature received by facsimile or electronic transmission shall be deemed an
original signature hereto.

[Remainder of page intentionally left blank]

3

 

     IN WITNESS WHEREOF, this Agreement has been duly executed as of the day and year first written
above.

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION,

as Lender and as Agent

 	 
	 	By:  	/s/ John T. Trieu
 	 
	 	 	Name:  	John T. Trieu 	 
	 	 	Title:  	Vice President 	 
	 
	 	DRI CORPORATION

 	 
	 	By:  	/s/ Stephen P. Slay
 	 
	 	 	Name:  	Stephen P. Slay 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	DIGITAL RECORDERS, INC.

 	 
	 	By:  	/s/ Stephen P. Slay
 	 
	 	 	Name:  	Stephen P. Slay 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	TWINVISION OF NORTH AMERICA, INC.

 	 
	 	By:  	/s/ Stephen P. Slay
 	 
	 	 	Name:  	Stephen P. Slay 	 
	 	 	Title:  	Vice President and Secretary 	 
	 

[Signature Page to Amendment No. 4]EX 10.12.11 Amendment No. 7

Exhibit 10.12.11

AMENDMENT NO. 7

to the

AMENDED AND RESTATED ADDENDUM to

FINE PAPERS SUPPLY AGREEMENT

between

PHILIP MORRIS USA INC.

and

SCHWEITZER-MAUDUIT INTERNATIONAL, INC.

This Amendment No. 7, effective April 1, 2009, is by and between Philip Morris USA Inc., a
Virginia corporation (“Buyer”), and Schweitzer-Mauduit International, Inc., a Delaware corporation
(“Seller”).

RECITALS

Whereas, Buyer and Seller have previously entered into the Second Amended and Restated
Agreement for Fine Paper Supply, effective July 1, 2000, and into seven successive amendments to
such agreement, which agreement has now expired except as it pertains to the Addendum (as amended,
the “Fine Papers Supply Agreement”);

Whereas, Buyer and Seller also have previously entered into the Amended and Restated Addendum
to Fine Papers Supply Agreement, effective July 1, 2000, amended by Amendment No. 1, effective
August 4, 2000, Amendment No. 2, effective January 25, 2001, Amendment No. 3, effective September
26, 2001, Amendment No. 4, effective September 12, 2002, Amendment No. 5, effective December 31,
2004, Amendment No. 6, effective December 31, 2005, and that certain Letter Amendment, dated March
26, 2009 (as amended, the “Addendum”); and

Whereas, Buyer and Seller now wish to further amend the Addendum regarding the pricing for
banded cigarette paper for the period April 1, 2009 through December 31, 2009, as provided herein.

Now Therefore, in consideration of the promises exchanged in this Amendment and other good and
valuable consideration, the receipt and sufficiency of which the parties acknowledge, Buyer and
Seller agree as follows:

	1.	 	Definitions. Except as expressly provided, all capitalized terms shall have the
meanings assigned to them in the Addendum.

	2.	 	Article 3.5 of the Addendum is deleted in its entirety and replaced with the following
revised Article 3.5:

	 	3.5	 	Compensation

As respects Banded Cigarette Papers only, the provisions of this Article 3.5 shall be in
lieu of the provisions of Article VIII.A, Article VIII.C, Article VIII.D, Article VIII.E,
Article VIII.F, Article VIII.H, Article VIII.I, Article VIII.J, Article VIII.L and Article
VIII.M of the Agreement. The provisions of this Article 3.5 do not amend, supplement
or replace in any way the provisions of Article VIII.B or Article VIII.K of the Agreement.

 

 

 

	 	3.5.1	 	General

	 	3.5.1.1	 	For each Bobbin of Banded Cigarette Papers sold and delivered through Direct
Purchases under this Addendum, Buyer shall pay the applicable Invoice Price (as
defined in Article 3.5.2). The Invoice Price shall be ***
	 
	 	3.5.1.2	 	The Invoice Price shall be estimated as follows: [***]
	 
	 	3.5.1.3	 	[***]

	 	3.5.2	 	Definitions
	 
	 	 	 	For purposes of this Article 3.5, each of the following terms shall have
the meaning hereinafter set forth:

	 	3.5.2.1	 	[***]
	 
	 	3.5.2.2	 	[***]
	 
	 	3.5.2.3	 	[***]
	 
	 	3.5.2.4	 	[***]
	 
	 	3.5.2.5	 	[***]
	 
	 	3.5.2.6	 	[***]
	 
	 	3.5.2.7	 	[***]
	 
	 	3.5.2.8	 	[***]
	 
	 	3.5.2.9	 	[***]
	 
	 	3.5.2.10	 	Price — the price for each Standard Bobbin of any Grade of Banded
Cigarette Papers sold and delivered to Buyer through Direct Purchases
hereunder, [***]
	 
	 	3.5.2.11	 	[***]
	 
	 	3.5.2.12	 	[***]
	 
	 	3.5.2.13	 	[***]

	 	3.5.3	 	[***]
	 
	 	3.5.4	 	[***]
	 
	 	3.5.5	 	[***]

	 	3.5.5.1	 	[***]
	 
	 	3.5.5.2	 	[***]
	 
	 	3.5.5.3	 	[***]
	 
	 	3.5.5.4	 	[***]
	 
	 	3.5.5.5	 	[***]
	 
	 	3.5.5.6	 	[***]

	 	3.5.6	 	Cost Management

	 	3.5.6.1	 	[***]
	 
	 	3.5.6.2	 	[Reserved]
	 
	 	3.5.6.3	 	[***]
	 
	 	3.5.6.4	 	[***]
	 
	 	3.5.6.5	 	[***]

	 	3.5.7	 	[***]
	 
	 	3.5.8	 	[***]
	 
	 	3.5.9	 	[***]

	 	3.5.9.1	 	[***]
	 
	 	3.5.9.2	 	[***]
	 
	 	3.5.9.3	 	[***]
	 
	 	3.5.9.4	 	[***]
	 
	 	3.5.9.5	 	[***]
	 
	 	3.5.9.6	 	[***]

 

 

 

	3.	 	Applicability. Article 3.5, as revised by this Amendment No. 7, shall remain in
effect through December 31, 2009.
	 
	4.	 	Agreement to Negotiate. [***]
	 
	5.	 	Deletion of Capital Cost Charge and Advanced Payment Credit Provisions. Article 3.6
and Article 4.3.3 of the Addendum are deleted in their entirety.
	 
	6.	 	Other Provisions Unchanged. All other provisions of the Addendum shall remain
unchanged.
	 
	7.	 	Separate Counterparts. This Amendment No. 7 may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the signatures
were upon the same instrument.
	 
	8.	 	Entire Agreement. The Addendum and this Amendment No. 7 constitute the entire
agreement between the parties regarding the subject matter contained herein.

IN WITNESS WHEREOF, the parties have caused their duly authorized representatives to sign this
Amendment No. 7, intending that the parties should be bound thereby.

	 	 	 	 	 	 	 
	PHILIP MORRIS USA INC.	 	SCHWEITZER-MAUDUIT INTERNATIONAL, INC.
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	Name:

	 	Henry P. Long Jr.
	 	Name:
	 	Otto R. Herbst
	Title:

	 	SVP, Procurement ALCS
	 	Title:
	 	Chief Operating Officer

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