Document:

Exhibit 10.1

 

 

AMENDMENT NO. 1 dated
as of November 10, 2005 (this “Amendment”), to the Amended and Restated
Credit Agreement dated as of April 1, 2004 (the “Credit Agreement”),
among TRANSDIGM INC., a Delaware corporation (the “Borrower”), TRANSDIGM
HOLDING COMPANY, a Delaware corporation (“Holdings”), the Lenders (as defined in Article I
of the Credit Agreement), and CREDIT SUISSE (formerly known as Credit Suisse
First Boston), as administrative agent (in such capacity, the “Administrative Agent”)
and as collateral agent (in such capacity, the “Collateral Agent”) for the Lenders.

 

A.                                   Pursuant to the Credit Agreement, the
Lenders and the Issuing Bank have extended, and have agreed to extend, credit
to the Borrower.

 

B.                                     The Borrower has requested that the Credit
Agreement be amended as set forth herein.

 

C.                                     Capitalized terms used but not defined
herein shall have the meanings assigned to them in the Credit Agreement.

 

Accordingly, in consideration of the mutual
agreements herein contained and other good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, the parties hereto
agree as follows:

 

SECTION 1.  Amendments.
(a)  Section 1.01 of the Credit Agreement is hereby amended by
inserting the following in the appropriate alphabetical order therein:

 

“Bonus and Dividend Payments”
shall mean payments in cash, on or prior to May 10, 2006, in an
aggregate amount not to exceed $130,000,000 by Holdings and/or the Borrower of (a) dividends,
(b) payments (whether characterized as compensation, bonuses or otherwise)
to holders of options to purchase equity of Parent in the amount of the
dividends that such holders would have received in respect of such equity had
their options been exercised, (c)  payments to terminate deferred compensation
arrangements and (d) one-time special bonus payments not in excess of
$7,500,000 in cash in lieu of the establishment of deferred compensation
arrangements.

 

“Cumulative Excess Cash Flow “
shall mean, at any time, the sum of the Excess Cash Flow (but not less than
zero in any period) for each fiscal year, commencing with the fiscal year
commencing on October 1, 2005, and ending on the Borrower’s most recently
ended fiscal year, less the amount thereof used at or prior to such time to
make Restricted Payments.

 

“Other Subordinated Debt “
shall mean unsecured Indebtedness of Holdings or the Borrower (which may be
Guaranteed by an Loan Party on a subordinated basis) that satisfies the
conditions set forth in the proviso to Section 6.01(i).

 

“Parent” shall mean TD
Holding Corporation, a Delaware corporation.

 

“Parent Indebtedness”
shall mean Indebtedness of Parent, in an aggregate principal amount not to
exceed $200,000,000, which Indebtedness (a) matures after the Term Loan
Maturity Date, (b) shall not require any scheduled payment of

 

 

principal prior to its maturity, (c) shall not
require Parent to maintain any specified financial condition or performance and
(d) shall not be Guaranteed by any Loan Party.

 

(b)         The definition of the term “Consolidated EBITDA”
set forth in Section 1.01 of the Credit Agreement is hereby amended as
follows:

 

(i)             by deleting clause (a)(ii) thereof and
substituting therefor the words “(ii) consolidated provisions for taxes
based on income, profits or capital and commercial activity (or similar taxes)
for such period”; and

 

(ii)          by (A) deleting the word “and” at the end of
clause (a)(xii) thereof and substituting therefor a comma and (B) inserting
at the end of clause (a)(xiii) thereof the words “, (xiv) Bonus and Dividend
Payments made during such period and (xv) earnout payments and deferred
purchase price payments made in connection with a Permitted Acquisition”.

 

(c)          The definition of the term “Excess Cash Flow” set
forth in Section 1.01 of the Credit Agreement is hereby amended as
follows:

 

(i)             by deleting the word “and” at the end of clause (b)(iv) thereof
and substituting therefore a comma; and

 

(ii)          by inserting at the end of clause (b)(v) thereof
the words “, (vi) Bonus and Dividend Payments made in cash during such
fiscal year to the extent added back to Consolidated EBITDA (pursuant to clause
(a)(xiv) of the definition of such term) and (vii) earnout payments and
deferred purchase price payments made in cash during such fiscal year to the
extent added back to Consolidated EBITDA (pursuant to clause (a)(xv) of the
definition of such term)”.

 

(d)         The definition of the term “Public Equity Offering”
set forth in Section 1.01 of the Credit Agreement is hereby amended as
follows:

 

(i)             by inserting therein the words “or Parent” after the
words “and by, Holdings”; and

 

(ii)          by deleting therefrom the words “, which yields not
less than $75,000,000 is Net Cash Proceeds to Holdings”.

 

(e)          The definition of the term “Restricted Payment”
set forth in Section 1.01 of the Credit Agreement is hereby amended by
inserting immediately after the words “whether in cash, securities or other
property” in the first place they appear therein the words “, including Bonus
and Dividend Payments”.

 

(f)            Section 2.13(c) (Equity Sweep) of the Credit
Agreement is hereby deleted and the words “[Intentionally Omitted]” substituted
therefor.

 

(g)         Section 6.01(g) (Subordinated Notes) of the
Credit Agreement is hereby amended by deleting the proviso thereto and
substituting therefor the words “; provided,
however, that up to $250,000,000 aggregate principal amount of Other
Subordinated Debt may be incurred

 

2

 

pursuant to this paragraph (g) so long as
the Borrower complies with the provisions of Section 2.13(e);”

 

(h)         Section 6.01(i) (Other Subordinated Debt) of
the Credit Agreement is hereby amended by deleting therefrom the words “in an
aggregate principal amount, when combined with the aggregate principal amount
of all Indebtedness incurred pursuant to the proviso to Section 6.01(g) (to
the extent the proceeds thereof are not required to be applied to the
prepayment of outstanding Term Loans pursuant to Section 2.13(e)) and Section 6.01(h),
not in excess of $250,000,000 at any time outstanding”.

 

(i)             Section 6.04(g) (Permitted Acquisitions) of
the Credit Agreement is hereby amended and restated in its entirety to read as
follows:

 

“(g) the Borrower or
any Subsidiary may acquire all or substantially all the assets of a person or
line of business of such person, or not less than 100% of the Equity Interests
(except for directors’ qualifying shares) of a person (referred to herein as
the “Acquired Entity”);
provided that (i) such
acquisition was not preceded by an unsolicited tender offer for such Equity
Interests by, or proxy contest initiated by, Holdings, the Borrower or any
Subsidiary; (ii) the Acquired Entity shall be a going concern and after
giving effect to the acquisition the Borrower shall be in compliance with Section 6.08;
(iii) at the time of such transaction (A) both before and after
giving effect thereto, no Event of Default or Default shall have occurred and
be continuing; (B) the Borrower would be in Pro Forma Compliance; and (C) after
giving effect to such acquisition, there must be at least $10,000,000 of unused
and available Revolving Credit Commitments; and (iv) the Borrower shall
comply, and shall cause the Acquired Entity to comply, with the applicable
provisions of Section 5.09 and the Security Documents (any acquisition of
an Acquired Entity meeting all the criteria of this Section 6.04(g) being
referred to herein as a “Permitted
Acquisition”);

 

(j)             Section 6.06(a)(iv) (Restricted Payments) of
the Credit Agreement is hereby amended and restated in its entirety to read as
follows:

 

“(iv) on and after
the date of delivery of the financial statements for the fiscal year ending on September 30,
2005, Holdings and the Borrower may make Restricted Payments in an amount not
to exceed the then-available Cumulative Excess Cash Flow, so long as
(x) no Default shall have occurred and be continuing or would result
therefrom, (y) prior to or contemporaneously with such Restricted Payment,
the Borrower shall have made any mandatory prepayment required by Section 2.13(d),
and (z) at the time of such Restricted Payment, the Leverage Ratio is less than
4.00 to 1.00;”

 

(k)          Section 6.06(a) (Restricted Payments) of the
Credit Agreement is hereby further amended by (i) redesignating
clause (v) thereof as clause (vi) (and changing the
reference to clause (v) within such clause to be a reference to
clause (vi)) and (ii) adding the following thereto as a new
clause (v):

 

“(v) so long as no Default shall have occurred
and be continuing or would result therefrom, Holdings may make (and the
Borrower may make distributions to enable Holdings to make) (A) Bonus and
Dividend Payments, and (B) any

 

3

 

dividend the proceeds of which are used, directly or
indirectly, to pay interest in respect of the Parent Indebtedness;”

 

(l)              Section 6.10(b) (Capital Expenditures
Carryforward) of the Credit Agreement is hereby amended and restated in its
entirety to read as follows:

 

“(b) The amount of
permitted Capital Expenditures set forth in paragraph (a) above (as
adjusted in accordance with the terms thereof) in respect of any fiscal year
commencing with the fiscal year ending on September 30, 2004, may be
carried forward and used in either of the two succeeding fiscal years.  For purposes of this paragraph, the amount of
Capital Expenditures made in any fiscal year shall be allocated first, to the amount carried forward to
such fiscal year from the second preceding fiscal year, second, to the amount carried forward to
such fiscal year from the immediately preceding fiscal year, and third, to the scheduled amount permitted
under paragraph (a) above for such fiscal year.”

 

(m)       Section 6.11 of the Credit Agreement is hereby
amended by deleting the table set forth therein and substituting therefor the
following table:

 

	
  Period

  	
   

  	
  Ratio

  	
   

  
	
  Closing Date through June 30, 2004

  	
   

  	
  2.00 to 1.00

  	
   

  
	
  July 1, 2004 through September 30,
  2004

  	
   

  	
  2.15 to 1.00

  	
   

  
	
  October 1, 2004 through March 31,
  2005

  	
   

  	
  2.35 to 1.00

  	
   

  
	
  April 1, 2005 through June 30,
  2006

  	
   

  	
  2.45 to 1.00

  	
   

  
	
  July 1, 2006 through March 31,
  2007

  	
   

  	
  2.55 to 1.00

  	
   

  
	
  April 1, 2007 through March 31,
  2008

  	
   

  	
  2.75 to 1.00

  	
   

  
	
  Thereafter

  	
   

  	
  3.00 to 1.00

  	
   

  

 

(n)         Section 6.13 of the Credit Agreement is hereby
amended by deleting the table set forth therein and substituting therefor the
following table:

 

	
  Period

  	
   

  	
  Ratio

  	
   

  
	
  Closing Date through June 30, 2004

  	
   

  	
  6.40 to 1.00

  	
   

  
	
  July 1, 2004 through September 30,
  2004

  	
   

  	
  5.75 to 1.00

  	
   

  
	
  October 1, 2004 through December 31,
  2004

  	
   

  	
  5.50 to 1.00

  	
   

  
	
  January 1, 2005 through March 31,
  2005

  	
   

  	
  5.40 to 1.00

  	
   

  
	
  April 1, 2005 through June 30,
  2005

  	
   

  	
  5.30 to 1.00

  	
   

  
	
  July 1, 2005 through December 31,
  2006

  	
   

  	
  5.00 to 1.00

  	
   

  
	
  January 1, 2007 through March 31,
  2007

  	
   

  	
  4.75 to 1.00

  	
   

  
	
  April 1, 2007 through March 31,
  2008

  	
   

  	
  4.25 to 1.00

  	
   

  
	
  April 1, 2008 through June 30,
  2009

  	
   

  	
  4.00 to 1.00

  	
   

  
	
  July 1, 2009 through June 30,
  2010

  	
   

  	
  3.75 to 1.00

  	
   

  
	
  Thereafter

  	
   

  	
  3.50 to 1.00

  	
   

  

 

4

 

SECTION 2.  Representations
and Warranties.  To induce the
other parties hereto to enter into this Amendment, Holdings and the Borrower
represent and warrant to each of the Lenders, the Administrative Agent, the
Issuing Bank and the Collateral Agent that, after giving effect to this
Amendment, (a) the representations and warranties set forth in Article III
of the Credit Agreement are true and correct in all material respects on and as
of the date hereof, except to the extent such representations and warranties
expressly relate to an earlier date; and (b) no Default or Event of
Default has occurred and is continuing.

 

SECTION 3.  Amendment
Fee.  The Borrower agrees to
pay to the Administrative Agent for the account of each Lender that executes
and delivers a copy of this Amendment to the Administrative Agent (or its
counsel) at or prior to 12:00 noon (New York City time) on November 10,
2005 (the “Signing Date”),
an amendment fee (the “Amendment
Fee”) in an amount equal to 0.1% of the sum of such Lender’s
Revolving Credit Commitment (whether used or unused) and the principal amount
of such Lender’s outstanding Term Loans, in each case as of the Signing Date.  The Amendment Fee shall be payable in
immediately available funds on the Amendment Effective Date (as defined below).

 

SECTION 4.  Effectiveness.  This Amendment shall become effective as of
the date set forth above on the date (the “Amendment Effective Date”) on which the Administrative Agent shall
have received counterparts of this Amendment that, when taken together, bear
the signatures of the Borrower, Holdings and the Required Lenders; provided, however, that if this Amendment
is not approved by each of the Revolving Credit Lenders, then the amendment
effected by Section 1(b) hereof shall not be effective solely for
purposes of determining the Leverage Ratio as such term is used in the
definition of the term “Applicable Percentage”.

 

SECTION 5.  Effect of
Amendment.  Except as
expressly set forth herein, this Amendment shall not by implication or
otherwise limit, impair, constitute a waiver of, or otherwise affect the rights
and remedies of the Lenders, the Issuing Bank, the Collateral Agent or the Administrative
Agent under the Credit Agreement or any other Loan Document, and shall not
alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any
other Loan Document, all of which are ratified and affirmed in all respects and
shall continue in full force and effect. 
Nothing herein shall be deemed to entitle any Loan Party to a consent
to, or a waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Loan Document in similar or different
circumstances.  This Amendment shall
apply and be effective only with respect to the provisions of the Credit
Agreement specifically referred to herein. 
After the date hereof, any reference to the Credit Agreement shall mean
the Credit Agreement as modified hereby. 
This Amendment shall constitute a “Loan Document” for all purposes of
the Credit Agreement and the other Loan Documents.

 

SECTION 6.  Counterparts.  This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall

 

5

 

constitute but one and the same contract.  Delivery of an executed counterpart of a
signature page of this Amendment by facsimile transmission shall be as
effective as delivery of a manually executed counterpart hereof.

 

SECTION 7.  Applicable
Law.  THIS AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK.

 

SECTION 8.  Confidentiality.  The Administrative Agent and the Lenders
acknowledge and agree that any information received from Holdings and/or the
Borrower in connection with this Amendment shall be governed by Section 9.16
of the Credit Agreement.

 

SECTION 9.  Headings.  The headings of this Amendment are for
purposes of reference only and shall not limit or otherwise affect the meaning
hereof.

 

[Remainder of this page intentionally
left blank]

 

6

 

IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be duly executed by their duly authorized officers, all as of
the date and year first above written.

 

 

	
   

  	
  TRANSDIGM INC.,

  
	
   

  	
   

  
	
   

  	
  by

  	
  /s/ GREGORY RUFUS

  
	
   

  	
   

  	
    Name: Gregory Rufus

  
	
   

  	
   

  	
    Title: Executive VP and CFO

  

 

 

	
   

  	
  TRANSDIGM HOLDING COMPANY,

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ GREGORY RUFUS

  
	
   

  	
   

  	
    Name: Gregory Rufus

  
	
   

  	
   

  	
    Title: VP and CFO

  

 

 

	
   

  	
  CREDIT SUISSE, CAYMAN ISLANDS BRANCH (formerly known as Credit Suisse
  First Boston, acting through its Cayman Islands Branch), individually and as
  Administrative Agent, Collateral Agent and Issuing Bank,

  
	
   

  	
   

  
	
   

  	
  by

  	
  /s/ Dana Klein

  
	
   

  	
   

  	
    Name: Dana Klein

  
	
   

  	
   

  	
    Title: Managing Director

  

 

	
   

  	
   

  
	
   

  	
  by

  	
  /s/ James Moran

  
	
   

  	
   

  	
    Name: James Moran

  
	
   

  	
   

  	
    Title: Managing Director

  

 

7

 

	
   

  	
  SIGNATURE
  PAGE TO AMENDMENT NO. 1 DATED AS OF NOVEMBER 10, 2005, TO THE
  TRANSDIGM INC. AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF
  APRIL 1, 2004.

  
	
   

  	
   

  
	
   

  	
  Name of
  Lender: Trimaran CLO IV Ltd.

  
	
   

  	
   

  
	
   

  	
  By: Trimaran
  Advisors, L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ David M.
  Millison

  	
   

  
	
   

  	
   

  	
   

  	
  Name: David
  M. Millison

  
	
   

  	
   

  	
   

  	
  Title: Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: General Electric Capital Corporation

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Marie G.
  Mollo

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Marie
  G. Mollo

  
	
   

  	
   

  	
   

  	
  Title: Duly Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Oak Hill Credit Partners I, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Oak Hill
  CLO Management I, LLC, as Investment Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Scott D.
  Krase

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Scott
  D. Krase

  
	
   

  	
   

  	
   

  	
  Title:
  Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Oak Hill Credit Partners II, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Oak Hill
  CLO Management II, LLC, as Investment Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Scott D.
  Krase

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Scott
  D. Krase

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
								

 

8

 

	
   

  	
  Name of
  Lender: Oak Hill Credit Partners III, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Oak Hill
  CLO Management III, LLC, as Investment Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Scott D.
  Krase

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Scott
  D. Krase

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Allstate Life Insurance Company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Chris
  Goergen

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Chris
  Goergen

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Breege
  A. Farrell

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Breege
  A. Farrell

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: AIMCO CLO, Series 2005-A

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Chris
  Goergen

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Chris
  Goergen

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Breege
  A. Farrell

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Breege
  A. Farrell

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Stone Tower Credit Funding I Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Stone
  Tower Debt Advisors, as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  W. Delpercio

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael W. Delpercio

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Stone Tower CLO IV Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Stone
  Tower Debt Advisors LLC, as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  W. Delpercio

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael W. Delpercio

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
											

 

2

 

	
   

  	
  Name of Lender:
  Stone Tower CLO II Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Stone
  Tower Debt Advisors LLC, as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  W. Delpercio

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael W. Delpercio

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Fidelity Advisor Series II: Fidelity Advisor Floating Rate
  High Income Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Ballyrock CLO II Limited, By: Ballyrock Investment Advisors LLC,
  as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Lisa
  Rymut

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Lisa
  Rymut

  
	
   

  	
   

  	
   

  	
  Title: Assistant Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender: Ballyrock CDO I Limited, By: Ballyrock Investment
  Advisors LLC, as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Lisa
  Rymut

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Lisa
  Rymut

  
	
   

  	
   

  	
   

  	
  Title: Assistant Treasurer

  
							

 

3

 

	
   

  	
  Name of
  Lender: Denali Capital LLC, managing member of DC Funding Partners LLC,
  portfolio manager for Denali Capital CLO III, LTD., or an affiliate

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ John P.
  Thacker

  	
   

  
	
   

  	
   

  	
   

  	
  Name: John
  P. Thacker

  
	
   

  	
   

  	
   

  	
  Title: Chief Credit Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Avalon Capital LTD. 3

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Asset Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  H.B. Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Bank of America, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ David H.
  Stricket

  	
   

  
	
   

  	
   

  	
   

  	
  Name: David
  H. Stricket

  
	
   

  	
   

  	
   

  	
  Title: SVP

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Landmark III CDO Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Aladdin
  Capital Management LLC, as Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Angela
  Bozorgmir

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Angela
  Bozorgmir

  
	
   

  	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: National City Bank

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Daniel
  R. Raynor

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Daniel
  R. Raynor

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
									

 

4

 

	
   

  	
  Name of
  Lender: Nomura Bond and Loan Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  Mitsubishi UFJ Trust & Banking Corporation as Trustee

  
	
   

  	
  By: Nomura
  Corporate Research & Asset Management, Inc.

  
	
   

  	
  Attorney in
  Fact

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/
  Elizabeth MacLean

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Elizabeth MacLean

  
	
   

  	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Clydesdale CLO 2003 Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Nomura
  Corporate Research and Asset Management, Inc., as Collateral
  Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/
  Elizabeth MacLean

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Elizabeth MacLean

  
	
   

  	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Eaton Vance Floating-Rate Income Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael B.
  Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Eaton Vance Senior Income Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
						

 

5

 

	
   

  	
  Name of
  Lender: Eaton Vance Institutional Senior Loan Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael B.
  Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Eaton Vance CDO III, LTD.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender: Constantinus Eaton Vance CDO V, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Eaton Vance CDO VI, LTD.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael B.
  Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Grayson & Co.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Boston
  Management and Research, as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
							

 

6

 

	
   

  	
  Name of
  Lender: The Norinchukin Bank, New York Branch, through State Street Bank
  and Trust Company, N.A. as Fiduciary Custodian

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management, Attorney in Fact

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael B.
  Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Big Sky III Senior Loan Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
   Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Eaton Vance VT Floating Rate Income Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael B.
  Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Eaton Vance Limited Duration Income Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
						

 

7

 

	
   

  	
  Name of
  Lender: Tolli & Co.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Eaton Vance Senior Floating-Rate Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael B.
  Botthof

  	
   

  
	
   

  	
   

  	
   

  	
   Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Eaton Vance Variable Leverage Fund Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Eaton
  Vance Management as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael B.
  Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Senior Debt Portfolio

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Boston
  Management and Research, as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
								

 

8

 

	
   

  	
  Name of
  Lender: Black Diamond CLO 2005-1 LTD.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Black
  Diamond Capital Management, L.L.C., as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ James J.
  Zenni, Jr.

  	
   

  
	
   

  	
   

  	
   

  	
  Name: James
  J. Zenni, Jr.

  
	
   

  	
   

  	
   

  	
  Title: President & Managing Partner, Black Diamond Capital
  Management, L.L.C.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Eagle Creek CLO, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  N. Davis

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  N. Davis

  
	
   

  	
   

  	
   

  	
  Title: AVP

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: ARES III CLO Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: ARES CLO
  Management LLC, Investment Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Americo
  Cascella

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Americo Cascella

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Ares IV CLO Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Ares CLO
  Management IV, L.P., Investment Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Ares CLO
  GP IV, LLC, its Managing Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Americo
  Cascella

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Americo Cascella

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Ares VII CLO Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Ares CLO
  Management VII, L.P., Investment Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Ares CLO
  GP VII, LLC, its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Americo
  Cascella

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Americo Cascella

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
								

 

9

 

	
   

  	
  Name of
  Lender: Ares VIII CLO Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Ares CLO
  Management VIII, L.P., Investment Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Ares CLO
  GP VIII, LLC, its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Americo
  Cascella

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Americo Cascella

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Loan Funding III LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Pacific
  Investment Management Company LLC, as its Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Mohan V.
  Phansalkar

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Mohan
  V. Phansalkar

  
	
   

  	
   

  	
   

  	
  Title: Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Sequils-Magnum, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Pacific
  Investment Management Company LLC, as its Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Mohan V.
  Phansalkar

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Mohan
  V. Phansalkar

  
	
   

  	
   

  	
   

  	
  Title: Managing Director

  
						

 

10

 

	
   

  	
  Name of
  Lender: Wrigley CDO, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Pacific
  Investment Management Company LLC, as its Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Mohan V.
  Phansalkar

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Mohan
  V. Phansalkar

  
	
   

  	
   

  	
   

  	
  Title: Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Credit Industriel et Commercial

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Brian
  O’Leary

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Brian
  O’Leary

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Sean
  Mounier

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Sean
  Mounier

  
	
   

  	
   

  	
   

  	
  Title: First Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Longhorn CDO III, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Merrill
  Lynch Investment Managers, L.P., as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Trumbull THC2 Loan Funding LLC, for itself or as agent for
  Trumbull THC2 CFPI Loan Funding LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Mikus N.
  Kins

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Mikus
  N. Kins

  
	
   

  	
   

  	
   

  	
  Title: Attorney in Fact

  
									

 

11

 

	
   

  	
  Name of
  Lender: Van Kampen Senior Income Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Van
  Kampen Asset Management

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Christina
  Jamieson

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Christina Jamieson

  
	
   

  	
   

  	
   

  	
  Title: Executive Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Van Kampen Senior Loan Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Van
  Kampen Asset Management

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Christina
  Jamieson

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Christina Jamieson

  
	
   

  	
   

  	
   

  	
  Title: Executive Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Morgan Stanley Prime Income Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Jinny K.
  Kim

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Jinny
  K. Kim

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Venture CDO 2002 Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: its
  Investment Advisor, MJX Asset Management LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  Regan

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael Regan

  
	
   

  	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Venture II CDO 2002 Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: its
  Investment Advisor, MJX Asset Management LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael
  Regan

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Michael Regan

  
	
   

  	
   

  	
   

  	
  Title: Director

  
									

 

12

 

	
   

  	
  Name of
  Lender: Charter View Portfolio

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas H.B.
  Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Diversified Credit Portfolio LTD.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  H.B. Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: AIM Floating Rate Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Sub-Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  H.B. Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: INVESCO European CDO I S.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  H.B. Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
							

 

13

 

	
   

  	
  Name of
  Lender: Sequils-Liberty, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  H.B. Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Nautique Funding Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  H.B. Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Saratoga CLO I, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Asset Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  H.B. Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Avalon Capital Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  H.B. Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Sagamore CLO Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: INVESCO
  Senior Secured Management, Inc., as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas
  H.B. Ewald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas
  H.B. Ewald

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
						

 

14

 

	
   

  	
  Name of
  Lender: LCM I Limited Partnership

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Lyon
  Capital Management LLC, as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Alexander
  B. Kenna

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Alexander B. Kenna

  
	
   

  	
   

  	
   

  	
  Title: Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: LCM III, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Lyon
  Capital Magement LLC, as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Alexander
  B. Kenna

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Alexander B. Kenna

  
	
   

  	
   

  	
   

  	
  Title: Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Ino-Suez Capital Funding VI, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Lyon
  Capital Management LLC, as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Alexander
  B. Kenna

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Alexander B. Kenna

  
	
   

  	
   

  	
   

  	
  Title: Portfolio Manager

  
							

 

15

 

	
   

  	
  Name of
  Lender: Putnam Floating Rate Income Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Beth
  Mazor

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Beth
  Mazor

  
	
   

  	
   

  	
   

  	
  Title: V.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Putnam Variable Trust - Put High Yield Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Beth
  Mazor

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Beth
  Mazor

  
	
   

  	
   

  	
   

  	
  Title: V.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Putnam Diversified Income Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Beth
  Mazor

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Beth
  Mazor

  
	
   

  	
   

  	
   

  	
  Title: V.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Putnam Master Intermediate Income Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Beth
  Mazor

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Beth
  Mazor

  
	
   

  	
   

  	
   

  	
  Title: V.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Putnam Premier Income Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Beth
  Mazor

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Beth
  Mazor

  
	
   

  	
   

  	
   

  	
  Title: V.P.

  
							

 

16

 

	
   

  	
  Name of
  Lender: Putnam Variable Trust - Put Diversified Income Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Beth
  Mazor

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Beth
  Mazor

  
	
   

  	
   

  	
   

  	
  Title: V.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Flagship Capital CLO II

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Flagship
  Capital Management, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Colleen
  Cunniffe

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Colleen Cunniffe

  
	
   

  	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Waveland-INGOTS, LTD.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Pacific
  Investment Management Company, LLC, as its Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Mohan V.
  Phansalkar

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Mohan
  V. Phansalkar

  
	
   

  	
   

  	
   

  	
  Title: Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Flagship Capital CLO 2001-1

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Flagship
  Capital Management, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Colleen
  Cunniffe

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Colleen Cunniffe

  
	
   

  	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Harbour Town Funding LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Anna M.
  Tallent

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Anna
  M. Tallent

  
	
   

  	
   

  	
   

  	
  Title: Assistant Vice President

  
									

 

17

 

	
   

  	
  Name of
  Lender: Sankaty Advisors LLC as Collateral Manager for Castle Hill II -
  INGOTS, Ltd., as Term Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Diane J.
  Exter

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Diane
  J. Exter

  
	
   

  	
   

  	
   

  	
  Title: Managing Director Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Sankaty Advisors, Inc. as Collateral Manager for Brant Point
  CBO 1999-1 Ltd, as Term Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Diane J.
  Exter

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Diane
  J. Exter

  
	
   

  	
   

  	
   

  	
  Title: Managing Director Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Sankaty Advisors LLC as Collateral Manager for Race Point II CLO,
  Limited, as Term Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Diane J.
  Exter

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Diane
  J. Exter

  
	
   

  	
   

  	
   

  	
  Title: Managing Director Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Sankaty Advisors LLC as Collateral Manager for Race Point CLO,
  Limited, as Term Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Diane J.
  Exter

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Diane
  J. Exter

  
	
   

  	
   

  	
   

  	
  Title: Managing Director Portfolio Manager

  
							

 

18

 

	
   

  	
  Name of
  Lender: Sankaty Advisors LLC as Collateral Manager for Castle Hill I-
  INGOTS, Ltd., as Term Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Diane J.
  Exter

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Diane
  J. Exter

  
	
   

  	
   

  	
   

  	
  Title: Managing Director Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Sankaty Advisors LLC as Collateral Manager for Castle Hill III CLO
  Limited, as Term Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Diane J.
  Exter

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Diane
  J. Exter

  
	
   

  	
   

  	
   

  	
  Title: Managing Director Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Citigroup Investments Corporate Loan Fund, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  Citigroup Alternative Investments LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Maura
  Connor

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Maura
  Connor

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Columbus Loan Funding Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  Citigroup Alternative Investments LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Maura
  Connor

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Maura
  Connor

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Gallatin Funding I Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Bear
  Stearns Asset Management Inc., as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Jonathan
  Bery

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Jonathan Bery

  
	
   

  	
   

  	
   

  	
  Title: Associate Director

  
							

 

19

 

	
   

  	
  Name of
  Lender: Bear Stearns Loan Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Bear
  Stearns Asset Management Inc., as its attorney in fact

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Jonathan
  Bery

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Jonathan Bery

  
	
   

  	
   

  	
   

  	
  Title: Associate Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Braymoor & Co.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Bear
  Stearns Asset Management Inc., as its attorney in fact

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Jonathan
  Bery

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Jonathan Bery

  
	
   

  	
   

  	
   

  	
  Title: Associate Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: UBS AG, Stamford Branch

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Salloz
  Slides

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Salloz
  Slides

  
	
   

  	
   

  	
   

  	
  Title: Associate Director Banking Products Services, US

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Joselin
  Fernades

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Joselin Fernades

  
	
   

  	
   

  	
   

  	
  Title: Associate Director Banking Products Services, US

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Ballantyne Funding LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Anna M.
  Tallent

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Anna
  M. Tallent

  
	
   

  	
   

  	
   

  	
  Title: Assistant Vice President

  
							

 

20

 

	
   

  	
  Name of
  Lender: Jupiter Loan Funding LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Anna M.
  Tallent

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Anna
  M. Tallent

  
	
   

  	
   

  	
   

  	
  Title: Assistant Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Muirfield Trading LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Anna M.
  Tallent

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Anna M.
  Tallent

  
	
   

  	
   

  	
   

  	
  Title: Assistant Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Toronto Dominion (New York) LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Masood
  Fikfee

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Masood
  Fikfee

  
	
   

  	
   

  	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: CIT Lending Services Corporation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Barbara
  Habbab

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Barbara Habbab

  
	
   

  	
   

  	
   

  	
  Title: VP

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Rosemount CLO, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  Deerfield Capital Management LLC, as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Peter
  Sakon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Peter
  Sakon

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
									

 

21

 

	
   

  	
  Name of
  Lender: Bryn Mawr CLO, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  Deerfield Capital Management LLC, as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Peter
  Sakon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Peter
  Sakon

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Forest Creek CLO, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  Deerfield Capital Management LLC, as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Peter
  Sakon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Peter
  Sakon

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Long Grove CLO, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  Deerfield Capital Management LLC, as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Peter
  Sakon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Peter
  Sakon

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Market Square CLO, Ltd.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  Deerfield Capital Management LLC, as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Peter
  Sakon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Peter
  Sakon

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
							

 

22

 

	
   

  	
  Name of
  Lender: ECL Loan Funding LLC for itself or as agent for ECL 2 Loan Funding
  LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Mikus
  Kins

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Mikus
  Kins

  
	
   

  	
   

  	
   

  	
  Title: Attorney in fact

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Matthew
  Massier

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Matthew Massier

  
	
   

  	
   

  	
   

  	
  Title: As Attorney in fact

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of
  Lender: Dryden IV - Leveraged Loan CDO 2003

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  Prudential Investment Management, Inc., as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Massachusetts Mutual Life Insurance Company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Babson Capital Management LLC, as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Adrienne
  Musgnug

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Adrienne Musgnug

  
	
   

  	
   

  	
   

  	
  Title: Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Maplewood (Cayman) Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Babson Capital Management LLC, as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Adrienne
  Musgnug

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Adrienne Musgnug

  
	
   

  	
   

  	
   

  	
  Title: Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Suffield CLO, Limited

  
	
   

  	
  Babson CLO Ltd. 2004-I

  
	
   

  	
  Babson CLO Ltd. 2005-III

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Babson Capital Management LLC, as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Adrienne
  Musgnug

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Adrienne Musgnug

  
	
   

  	
   

  	
   

  	
  Title: Managing Director

  
									

 

23

 

	
   

  	
  Bill & Melinda Gates Foundation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Babson Capital Management LLC, as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Adrienne
  Musgnug

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Adrienne Musgnug

  
	
   

  	
   

  	
   

  	
  Title: Managing Director

  

 

24Exhibit 10.2

 

TD HOLDING CORPORATION

 

THIRD AMENDED AND RESTATED

 

2003 STOCK OPTION PLAN

 

Section 1.              PURPOSE.

 

The Plan is intended as an incentive to
improve the performance, encourage the continued employment and increase the
proprietary interest of certain employees of the Company selected for
participation in the Plan.  The Plan is
designed to grant such employees the opportunity to share in the Company’s
long-term success through stock ownership and to afford them the opportunity
for additional compensation related to the value of Stock of the Company.  It is intended that certain options granted
under this Plan may qualify as “incentive stock options” under Section 422
of the Code.

 

Section 2.              DEFINITIONS.

 

(a)           “Affiliate”
means any parent corporation or subsidiary corporation of the Company, whether
now or hereafter existing, as those terms are defined in Sections 424(e) and
(f), respectively, of the Code.

 

(b)           “Annual
EBITDA” means, for any fiscal year, an amount equal to the Consolidated
EBITDA (as such term is defined in that certain Credit Agreement, dated as of July 22,
2003, among TransDigm Inc. (as successor by merger to TD Funding Corporation),
TransDigm Holding Company (as successor by merger to TD Acquisition
Corporation), certain lenders named therein and Credit Suisse First Boston, as
administrative agent and collateral agent) for such fiscal year.

 

(c)           “Annual
EBITDA Target” means:

 

(i)            for
fiscal year 2004 (ending September 30, 2004), $134.7 million;

 

(ii)           for
fiscal year 2005, $163 million;

 

(iii)          for
fiscal year 2006, $190.1 million;

 

(iv)          for
fiscal year 2007, $212.9 million; and

 

(v)           for
fiscal year 2008, $235.7 million;

 

provided, however, the Annual EBITDA Target
shall be appropriately adjusted in good faith by the Board for any acquisitions,
dispositions or other similar events that effect the determination of Annual
EBITDA.

 

(d)           “Board”
means the Board of Directors of the Company.

 

(e)           “Change
in Control” means a change in ownership or control of the Company effected
through a transaction or series of transactions (other than an offering of
Stock

 

 

to the
general public through a registration statement filed with the Securities and
Exchange Commission) whereby any “person” or related “group” of “persons” (as
such terms are used in Sections 13(d) and 14(d)(2) of the Exchange
Act) (other than the Company, any of its subsidiaries, an employee benefit plan
maintained by the Company or any of its subsidiaries, a Principal Stockholder
or a “person” that, prior to such transaction, directly or indirectly controls,
is controlled by, or is under common control with, the Company or a Principal
Stockholder) directly or indirectly acquires beneficial ownership (within the
meaning of Rule 13d-3 under the Exchange Act) of securities of the Company
possessing more than fifty percent (50%) of the total combined voting power of
the Company’s securities outstanding immediately after such acquisition.

 

(f)            “Code”
means the Internal Revenue Code of 1986, as amended.

 

(g)           “Committee”
means the Compensation Committee of the Board.

 

(h)           “Company”
means TD Holding Corporation, a Delaware corporation.

 

(i)            “Cumulative
EBITDA” means, for any fiscal year, the sum of the Annual EBITDA for each
fiscal year prior to and including such fiscal year, commencing with fiscal
year 2004.

 

(j)            “Cumulative
EBITDA Target” means

 

(i)            for
fiscal year 2004, $134.7 million;

 

(ii)           for
fiscal year 2005, $297.7 million;

 

(iii)          for
fiscal year 2006, $487.8 million;

 

(iv)          for
fiscal year 2007, $700.7 million; and

 

(v)           for
fiscal year 2008, $936.4 million;

 

provided, however, the Cumulative EBITDA
Target shall be appropriately adjusted in good faith by the Board for any
acquisitions, dispositions or other similar events that effect the
determination of Cumulative EBITDA.

 

(k)           “Disability”
means the permanent and total disability of a person within the meaning
of Section 22(e)(3) of the Code.

 

(l)            “Disqualifying
Disposition” means any disposition (including any sale) of Stock acquired
by exercise of an Incentive Stock Option made within the period which is (a) two
years after the date the Participant was granted the Incentive Stock Option or (b) one
year after the date the Participant acquired Stock by exercising the Incentive
Stock Option.

 

(m)          “Effective
Time” shall have the meaning ascribed to such term in the Merger Agreement.

 

2

 

(n)           “Eligible
Person” means any Employee, or in the discretion of the Committee, in the
case of Rollover Options that are Nonqualified Stock Options, any entity that
held Prior Options.

 

(o)           “Employee”
means any person employed by the Company or an Affiliate.

 

(p)           “Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

(q)           “Existing
Participant” means any Participant of the Plan as of January 1, 2004.

 

(r)            “Expiration
Date” means the date that an Option expires, after which the Option may no
longer be exercised.

 

(s)           “Fair
Market Value” means (i) prior to an IPO, the fair market value per
share of Stock, determined in accordance with Section 6.2 of the
Management Stockholders’ Agreement, (ii) at the time of an IPO, the per
share price to the public in such IPO, and (iii) after an IPO, on any date
(A) if the Stock is listed on a national securities exchange, the mean
between the highest and lowest sale prices reported as having occurred on the
primary exchange with which the Stock is listed and traded on the date prior to
such date, or, if there is no such sale on that date, then on the last
preceding date on which such a sale was reported, or (B) if the Stock is
not listed on any national securities exchange but is quoted in the National
Market System of the National Association of Securities Dealers Automated
Quotation System (“NASDAQ-NMS”) on a last sale basis, the average
between the high bid price and low ask price reported on the date prior to such
date, or, if there is no such sale on that date then on the last preceding date
on which such a sale was reported.  If,
after an IPO, the Stock is not quoted on NASDAQ-NMS or listed on an exchange,
or representative quotes are not otherwise available, the Fair Market Value
shall mean the amount determined by the Board in good faith to be the fair
market value per share of Stock, on a fully diluted basis.

 

(t)            “Fund”
means Warburg Pincus Private Equity VIII, L.P.

 

(u)           “IPO”
means an initial public offering of the Stock registered under the Securities
Act pursuant to an effective registration statement.

 

(v)           “IPO
Date” means the effective date of the registration statement for the IPO.

 

(w)          “Incentive
Stock Option” means an Option intended to qualify as an incentive
stock option within the meaning of Section 422 of the Code and the
regulations promulgated thereunder.

 

(x)            “Management
Stockholders’ Agreement” means that certain Management Stockholders’
Agreement, dated as of July 22, 2003, by and among the Company, the Fund
and the other parties named therein.

 

3

 

(y)           “Merger
Agreement” means the Agreement and Plan of Merger, dated as of June 6,
2003, between TD Acquisition Corporation, a Delaware corporation, and TransDigm
Holding Company, a Delaware corporation.

 

(z)            “New
Management Options” means Options that are not Rollover Options or
Repurchase Options.

 

(aa)         “Nonqualified
Stock Option” means an Option not intended to qualify as an
Incentive Stock Option.

 

(bb)         “Option”
means any Rollover Option, New Management Option or Repurchase Option granted
pursuant to the Plan.

 

(cc)         “Option
Agreement” means a written agreement between the Company and a Participant
evidencing the terms and conditions of an individual Option grant.

 

(dd)         “Participant”
means a person or entity to whom an Option is granted pursuant to the
Plan or, if applicable, such other person or entity who holds an outstanding
Option.

 

(ee)         “Performance
Vested Options” shall mean New Management Options to which the vesting schedule set
forth in Section 8(b)(ii) hereof applies.

 

(ff)           “Plan”
means the TD Holding Corporation Second Amended and Restated 2003 Stock Option
Plan, as the same may be amended from time to time.

 

(gg)         “Principal
Stockholder” means the Fund and any of its permitted assignees under that
certain Stockholders’ Agreement, dated as of July 22, 2003, among the
Company, the Fund and the other parties named therein.

 

(hh)         “Prior
Options” means those options held by Participants prior to the closing of
the transactions contemplated by the Merger Agreement that were replaced by the
Rollover Options.

 

(ii)           “Repurchase
Options” means Options the underlying shares of Stock of which are
allocated out of the Repurchase Pool.

 

(jj)           “Repurchase
Price” means, with respect to any Repurchase Option, the purchase price per
share paid by the Company in connection with its repurchase of the shares of
Stock or the vested Option to which the Repurchase Option relates in accordance
with the terms of the Management Stockholders’ Agreement.

 

(kk)         “Repurchase
Pool” means a pool of shares of Stock allocated under the Plan pursuant to Section 4(d) hereof.

 

(ll)           “Rollover
Options” means Options granted to a Participant to replace Prior Options.

 

4

 

(mm)       “Securities
Act” means the Securities Act of 1933, as amended.

 

(nn)         “Stock”
means the common stock of the Company, par value $.001 per share.

 

(oo)         “Time
Vested Options” shall mean New Management Options to which the vesting schedule set
forth in Section 8(b)(i) hereof applies.

 

(pp)         “Warburg
Pincus” means Warburg Pincus & Co.

 

Section 3.              ADMINISTRATION.

 

(a)           General.  The Plan shall be administered by the
Committee.

 

(b)           Powers
of the Committee.  Subject to the
provisions of the Plan, the Committee shall have sole authority, in its
absolute discretion:

 

(i)            Subject
to subsection (d) below, to determine from time to time which of the
Eligible Persons shall be granted Options, when and how each Option shall be
granted, what type or combination of types of Option shall be granted, the
provisions of each Option granted (which need not be identical), including the
time or times when a person shall be permitted to receive Stock pursuant to an
Option, the number of shares of Stock with respect to which an Option shall be
granted to each such person, and the Option exercise price;

 

(ii)           To
construe and interpret the Plan and Options granted under it, and to establish,
amend and revoke rules and regulations for its administration;

 

(iii)          To
amend the Plan or an Option as provided in Section 17; and

 

(iv)          To
exercise such powers and to perform such acts as the Committee deems necessary
or expedient to promote the best interests of the Company which are not in
conflict with the provisions of the Plan.

 

(c)           Committee
Determinations.  All determinations,
interpretations and constructions made by the Committee in good faith shall not
be subject to review by any person or entity and shall be final, binding and
conclusive on all persons and entities.

 

(d)           Chief
Executive Officer Recommendation. 
The number of Options granted under the Plan to any individual shall be
based upon the recommendations of the Company’s Chief Executive Officer, and the
Committee shall not unreasonably object to such recommendations.

 

5

 

Section 4.              STOCK
SUBJECT TO THE PLAN.

 

(a)           Share
Reserve.

 

(i)            Rollover Options.  Subject to Section 11 hereof relating to
adjustments, the total number of shares of Stock which may be issued pursuant
to the exercise of Rollover Options hereunder shall not exceed, in the
aggregate, 25,870 shares of Stock.

 

(ii)           New Management Options.  Subject to Section 11 hereof relating to
adjustments, the total number of shares of Stock which may be issued pursuant
to the exercise of New Management Options shall not exceed, in the aggregate,
36,559.5 shares of Stock.  Of the shares
reserved for New Management Options, twenty percent (20%) shall be available
for grant of Time Vested Options, and eighty percent (80%) shall be available
for grant of Performance Vested Options.

 

(b)           Source.  The Stock to be optioned under the Plan shall
be shares of authorized but unissued Stock or previously issued shares of Stock
reacquired by the Company on the open market, by private purchase or otherwise.

 

(c)           Reversion
of Shares.  Except as otherwise
provided in subsection (d) below, if any New Management Option shall
for any reason expire, be forfeited or otherwise terminate, in whole or in
part, the shares of Stock not acquired under such New Management Option shall
revert to and again become available for issuance under the Plan as a New
Management Option, which New Management Option shall be allocated as to Time Vested
Options and Performance Vested Options as the New Management Option expired,
forfeited of terminated.

 

(d)           Repurchase
Pool.  Following the Effective Time,
if, pursuant the Management Stockholders’ Agreement, the Company repurchases (i) any
shares of Stock acquired upon exercise of any Option, or (ii) any vested
Option, such shares of Stock repurchased, or the shares of Stock underlying the
Option repurchased, as applicable, shall be allocated to the Repurchase Pool,
and again become available for issuance under the Plan as a Repurchase Option.

 

Section 5.              ELIGIBILITY.

 

Participation shall be limited to Eligible
Persons who have received written notification from the Committee, or from a
person designated by the Committee, that they have been selected to participate
in the Plan.  Except in the case of
Incentive Stock Options, Options may be granted to Eligible Persons; Incentive
Stock Options may be granted only to Employees.

 

Section 6.              OPTIONS.

 

(a)           General.  Options granted hereunder shall be in such
form and shall contain such terms and conditions as the Committee shall deem
appropriate.  All Options shall be
separately designated Incentive Stock Options or Nonqualified Stock Options at
the time of grant, and, if certificates are issued, a separate certificate or
certificates will be issued for shares of Stock purchased on exercise of each
type of Option; provided, however, that, New

 

6

 

Management
Options and Repurchase Options shall be Nonqualified Stock Options.  The provisions of separate Options shall be
set forth in an Option Agreement, which agreements need not be identical.

 

(b)           Payment for Stock. 
Payment for shares of Stock acquired pursuant to Options granted
hereunder shall be made in full, upon exercise of the Options (i) in
immediately available funds in United States dollars, by certified or bank
cashier’s check, (ii) by surrender to the Company of shares of Stock which
either (A) have been held by the Participant for at least six-months, or (B) were
acquired from a person other than the Company, (iii) by a combination of (i) and
(ii), (iv) prior to an IPO, by delivery of a notice of “net exercise” to
the Company, pursuant to which the Participant shall receive the number of
shares of Stock underlying the Options so exercised reduced by the number of
shares of Stock equal to the aggregate exercise price of the Options divided by
the Fair Market Value on the date of exercise, or (v) following an IPO, by
any other means approved by the Committee. 
Anything herein to the contrary notwithstanding, the Company shall not
directly or indirectly extend or maintain credit, or arrange for the extension
of credit, in the form of a personal loan to or for any director or executive
officer of the Company through the Plan in violation of Section 402 of the
Sarbanes-Oxley Act of 2002 (“Section 402 of SOX”), and to the
extent that any form of payment would, in the opinion of the Company’s counsel,
result in a violation of Section 402 of SOX, such form of payment shall
not be available.

 

(c)           Transferability
of Options.  An Option shall not be
transferable except by will or by the laws of descent and distribution and
shall be exercisable during the lifetime of the Participant only by the
Participant; provided, however, that subject to the consent of
the Committee (such consent not to be unreasonably withheld), a Nonqualified
Stock Option may be transferred for legitimate estate planning purposes to
immediate family members and/or trusts or partnerships of which such family
members are the sole beneficiaries.  The
Committee may impose reasonable and customary conditions on any such transfers.

 

(d)           Disqualifying
Dispositions.  Each Participant who
receives an Incentive Stock Option must agree to notify the Company in writing
immediately after the Participant makes a Disqualifying Disposition of any
Stock acquired pursuant to the exercise of an Incentive Stock Option.

 

(e)           Termination
of Employment or Service.

 

(i)            If
prior to the Expiration Date, the Participant’s employment or service with the
Company and its Affiliates terminates for any reason other than by reason of
the Participant’s death or Disability, then (1) all vesting with respect
to the Options shall cease, (2) any unvested Options shall expire as of
the date of such termination, and (3) any vested Options shall remain
exercisable until the earlier of the Expiration Date or the date that is
one-hundred-eighty (180) days after the date of such termination of employment
or service.

 

(ii)           If
prior to the Expiration Date, the Participant’s employment or service with the
Company and its Affiliates terminates by reason of death or Disability, (1) all
vesting with respect to the Options shall cease, (2) any unvested Options
shall expire as of the date of such termination, and (3) any vested
Options shall expire on the earlier of the Expiration

 

7

 

Date or
the date that is twelve (12) months after the date of such termination due to
death or Disability of the Participant. 
In the event of a Participant’s death, the Options shall remain
exercisable by the person or persons to whom the Participant’s rights under the
Options pass by will or the applicable laws of descent and distribution until
its expiration, but only to the extent the Options were vested by the
Participant at the time of such termination due to death or Disability.

 

Section 7.              ROLLOVER
OPTIONS

 

Rollover Options shall be fully vested as of
the date of grant and shall be Nonqualified Stock Options, irrespective of whether
the Prior Options which they replace were Incentive Stock Options or
Nonqualified Stock Options, except that a Rollover Option which replaces a
Prior Option designated as an Incentive Stock Option and is designated as an
Incentive Stock Option in a Participant’s Option Agreement shall retain such
designation as an Incentive Stock Option and shall not be entitled to any
benefit under the Plan not included in the Prior Option such option
replaces.  Subject to Section 6(e) hereof
and unless provided otherwise in a Participant’s Option Agreement, Rollover
Options shall have an Expiration Date of the later to occur of (x) the
expiration date of the related Prior Options, or (y) January 1, 2010.

 

Section 8.              NEW
MANAGEMENT OPTIONS

 

(a)           General.  Each New Management Option shall include
(through incorporation of provisions hereof by reference in the Option
Agreement or otherwise) the substance of each of the following provisions:

 

(i)            Expiration
Date.  No New Management Option
granted hereunder shall have an Expiration Date beyond the tenth (10th)
anniversary of the date it was granted.

 

(ii)           Exercise
Price.  The exercise price per share
of Stock for each New Management Option shall be the Fair Market Value of a
share of Stock as of the date of grant.

 

(b)           Vesting.  New Management Options shall vest and become
exercisable in such manner and on such date or dates set forth in subsections (i) and
(ii) below; provided, however, that notwithstanding such
vesting dates, the Committee may in its sole discretion accelerate the vesting
of any New Management Option, which acceleration shall not affect the terms and
conditions of any such New Management Option other than with respect to
vesting.  Unless otherwise specifically
determined by the Committee, the vesting of a New Management Option shall occur
only while the Participant is employed or rendering services to the Company or
its Affiliates and all vesting shall cease upon a Participant’s termination of
employment or services for any reason. 
If a New Management Option is exercisable in installments, such
installments or portions thereof which become exercisable shall remain
exercisable until the New Management Option expires.

 

(i)            Time Vested Options.  Except as otherwise provided in a Participant’s
Option Agreement, twenty percent (20%) of the Time Vested Options granted to a
Participant shall vest and become exercisable on the date of grant, and an
additional twenty percent (20%) shall vest and become exercisable on each of
the first, second, third and fourth

 

8

 

anniversaries
of the date of grant.  All Time Vested
Options shall become fully vested and exercisable upon a Change in Control.

 

(ii)           Performance Vested Options.

 

(A)          Vesting Based on Annual Performance.  For each fiscal year of the Company beginning
with fiscal year 2004 and ending with fiscal year 2008, ten percent (10%) of
the Performance Vested Options granted to a Participant shall be eligible to
become vested and exercisable, provided that the Company has achieved an Annual
EBITDA equal to, or in excess of, the Annual EBITDA Target for such fiscal
year.  Such Performance Vested Options
shall become vested and exercisable as of the date that the Committee verifies
that such Annual EBITDA Target has been achieved.  For each such fiscal year, the Committee
shall verify whether the Annual EBITDA Target has been achieved, and shall
notify the Company’s Chief Executive Officer of its determination with respect
thereto, within ten (10) business days after the Committee receives the
Company’s audited financial statements for that fiscal year.  If the Company does not achieve the required
Annual EBITDA Target for a fiscal year, but in the immediately following fiscal
year, the Company has achieved a Cumulative EBITDA equal to, or in excess of,
the Cumulative EBITDA Target for such immediately following fiscal year, in
addition to any Performance Vested Options that vest and become exercisable in
such immediately following fiscal year in accordance with the preceding sentence,
the Performance Vested Options that were eligible for vesting in the
immediately prior fiscal year shall also vest and become exercisable as of the
date that the Committee verifies (in the manner specified above) that such
Cumulative EBITDA Target has been achieved.

 

(B)           Cumulative Target. Provided that the
Cumulative EBITDA for fiscal year 2008 is equal to, or in excess of, the
Cumulative EBITDA Target for fiscal year 2008, fifty percent (50%) of the
Performance Vested Options shall become vested and exercisable as of the date
that the Committee verifies that the Cumulative EBITDA Target for fiscal year
2008 has been achieved.  If the
Cumulative EBITDA for fiscal year 2008 is in excess of ninety (90%) of the Cumulative
EBITDA Target for fiscal year 2008 but less than one hundred percent (100%) of
the Cumulative EBITDA Target for fiscal year 2008, for each whole percentage
point between ninety percent (90%) and one hundred percent (100%), five (5%) of
the Performance Vested Options shall become vested and exercisable as of the
date that the Committee verifies that such percentage of the Cumulative EBITDA
Target for fiscal year 2008 has been achieved. 
If the Cumulative EBITDA for fiscal year 2008 is less than ninety (90%)
of the Cumulative EBITDA Target for such fiscal year, no Performance Vested
Options shall vest and become exercisable based upon achievement of Cumulative
EBITDA Target for fiscal year 2008.  The
Committee shall verify whether the Cumulative EBITDA Target for fiscal year
2008 has been achieved, and shall notify the Company’s Chief Executive Officer
of its determination with respect thereto, within ten (10) business days
after the Committee receives the Company’s audited financial statements for
fiscal year 2008.

 

9

 

(C)           Change in Control.  In the event of a Change in Control, (1) if
the annualized net rate of return to the Company’s shareholders (excluding any
Participants) immediately following the Effective Time from the Effective Time
until the date of consummation of such Change in Control (the “NRR”),
equals, or is in excess of, twenty five percent (25%), all Performance Vested
Options shall vest and become exercisable on the Change in Control; (2) if
the NRR is twenty percent (20%), an additional number of Performance Vested
Options shall vest and become exercisable such that, in the aggregate, seventy
five percent (75%) of the Performance Vested Options shall be vested and
exercisable on the Change in Control, and (3) in addition to the number of
Performance Vested Options that shall vest in accordance with clause (2) above,
for each additional one percent (1%) of NRR in excess of twenty percent (20%)
to and including 24.9%, an additional number of Performance Vested Options
shall vest and become exercisable such that, in the aggregate, an additional
five percent (5%) of the Performance Vested Options shall be vested and
exercisable on the Change in Control. 
Any Performance Vested Options which have not vested prior to, or upon,
a Change in Control, shall terminate. 
For purposes of determining NRR, securities of the Company purchased by
the Company’s shareholders at the Effective Time shall be valued at the face
amount of such securities at such time. 
In addition, and for the avoidance of doubt, NRR shall be determined
before the dilutive effect of any management fees or carried interest paid to
Warburg Pincus by the Fund.

 

(D)          Expiration of Unvested Options.  Performance Vested Options which do not vest
in accordance with the provisions of this Section 8(b)(ii) shall
terminate.

 

(E)           Non-Existing Participants.  Notwithstanding the vesting provisions
described above, with respect to any Performance Vested Options granted to any
Participant who is not an Existing Participant, the Committee shall have the
discretion to alter the performance criteria to which the Performance Vested
Options so granted will vest.  If the
Committee elects to alter the performance criteria applicable to any
Performance Vested Options granted to any Participant who is not an Existing
Participant as contemplated by this Section 8(b)(ii)(E), the Option
Agreement evidencing the Performance Vested Options so granted shall
specifically set forth such altered performance vesting criteria.

 

Section 9.              REPURCHASE
OPTIONS

 

(a)           General.  Each Repurchase Option shall include (through
incorporation of provisions hereof by reference in the Option Agreement or
otherwise) the substance of each of the following provisions:

 

(i)            Expiration
Date.  No Repurchase Option granted
hereunder shall have an Expiration Date beyond the tenth (10th)
anniversary of the date it was granted.

 

10

 

(ii)           Exercise
Price.  The exercise price per share
of Stock for each Repurchase Option shall be the greater of (x) the Repurchase
Price, and (y) the Fair Market Value of a share of Stock on the date of grant.

 

(b)           Vesting.  Repurchase Options shall vest and become
exercisable in such manner and on such date or dates set forth in the Option
Agreement, as may be determined by the Committee; provided, however,
that notwithstanding such vesting dates, the Committee may in its sole
discretion accelerate the vesting of any Repurchase Option, which acceleration
shall not affect the terms and conditions of any such Repurchase Option other
than with respect to vesting.  Unless
otherwise specifically determined by the Committee, the vesting of a Repurchase
Option shall occur only while the Participant is employed or rendering services
to the Company or its Affiliates and all vesting shall cease upon a Participant’s
termination of employment or services for any reason.  If a Repurchase Option is exercisable in
installments, such installments or portions thereof which become exercisable
shall remain exercisable until the Repurchase Option expires.

 

Section 10.            MANAGEMENT
STOCKHOLDERS’ AGREEMENT.

 

As a condition of the grant of an Option, if
a Participant has not previously executed a copy of the Management Stockholders’
Agreement, the Company may require a Participant to execute a copy of the
Management Stockholders’ Agreement and to be bound by the terms and conditions
contained therein.

 

Section 11.            ADJUSTMENT
FOR RECAPITALIZATION, MERGER, ETC.

 

(a)           Capitalization
Adjustments.  The aggregate number of
shares of Stock which may be granted or purchased pursuant to Options granted
hereunder, the number of shares of Stock covered by each outstanding Option,
and the price per share thereof in each such Option may be subject to
adjustment or substitution, as determined by the Committee in its sole
discretion, as to the number, price or kind of a share of Stock or other
consideration subject to such Options or as otherwise determined by the
Committee to be equitable (i) in the event of changes in the outstanding
Stock or in the capital structure of the Company by reason of stock dividends,
stock splits, reverse stock splits, recapitalizations, reorganizations,
mergers, consolidations, combinations, exchanges, or other relevant changes in
capitalization occurring after the date of grant of any such Option, (ii) in
the event of any change in applicable laws or any change in circumstances which
results in or would result in any substantial dilution or enlargement of the
rights granted to, or available for, Participants in the Plan, or (iii) for
any other reason which the Committee, in its sole discretion, determines
otherwise warrants equitable adjustment because it interferes with the intended
operation of the Plan.  Any adjustment
shall be conclusively determined by the Committee; provided, in each case, the
fair value of the Option immediately following any such adjustment shall be
equal to the fair value of the Option immediately prior to such adjustment.

 

(b)           Corporate
Events.  Notwithstanding subsection (a) above,
in the event of (i) a merger or consolidation such that after such merger
or consolidation the Company is not the surviving entity or the ultimate parent
of the surviving entity, (ii) the sale of all or substantially all of the
assets of the Company, or (iii) the reorganization or liquidation of the

 

11

 

Company
(a “Corporate Event”), the Company shall require the successor entity or
parent thereof to assume all outstanding Options; provided, however,
the Committee may, in its discretion and in lieu of requiring such assumption,
provide that all outstanding Options shall terminate as of the consummation of
such Corporate Event, and (x) accelerate the exercisability of, or cause all
vesting restrictions to lapse on, all outstanding Time Vested Options to a date
at least ten days prior to the date of such Corporate Event and/or (y) provide
that holders of vested Options will receive a cash payment in respect of
cancellation of their Options based on the amount (if any) by which the per
share consideration being paid for the Stock in connection with such Corporate
Event exceeds the applicable exercise price. 
If a Corporate Event occurs which does not constitute a Change in
Control, the Committee shall take such actions with respect to unvested
Performance Vested Options and Repurchase Options as it considers reasonable
and equitable under the circumstances, and to the extent practicable will
require the successor entity or parent thereof to assume such options and
adjust the vesting schedule thereon in a manner that is designed to ensure
treatment thereof that is consistent with Section 8(b)(ii)(A) and (B) and
Section 9.

 

(c)           Assumption.  For purposes of Section 11(b) above,
an Option shall be considered assumed, without limitation, if, at the time of
issuance of the stock or other consideration upon a Corporate Event, each
holder of an Option would be entitled to receive upon exercise of the award the
same number and kind of shares of stock or the same amount of property, cash or
securities as such holder would have been entitled to receive upon the
occurrence of the transaction if the holder had been, immediately prior to such
transaction, the holder of the number of shares of Stock covered by the Option
at such time; provided, that if such consideration received in the
transaction is not solely equity securities of the successor entity and the
successor entity’s equity securities are listed on a national securities
exchange or quoted in the NASDAQ-NSM, the Committee may, with the consent of
the successor entity, provide for the consideration to be received upon
exercise of the Option to be solely such equity securities of the successor
entity equal to the Fair Market Value of the per share consideration received
by holders of Stock in the Corporate Event.

 

(d)           Fractional
Shares.  Any such adjustment may
provide for the elimination of any fractional share which might otherwise
become subject to an Option.

 

Section 12.            USE OF
PROCEEDS.

 

The proceeds received from the sale of Stock
pursuant to the Plan shall be used for general corporate purposes.

 

Section 13.            RIGHTS AND
PRIVILEGES AS A STOCKHOLDER.

 

Except as otherwise specifically provided in
the Plan, no person shall be entitled to the rights and privileges of stock
ownership in respect of shares of Stock which are subject to Options hereunder
until the related Options have been exercised.

 

12

 

Section 14.            EMPLOYMENT
OR SERVICE RIGHTS.

 

No individual shall have any claim or right
to be granted an Option under the Plan or, having been selected for the grant
of an Option, to be selected for a grant of any other Option.  Neither the Plan nor any action taken
hereunder shall be construed as giving any individual any right to be retained
in the employ or service of the Company or an Affiliate.

 

Section 15.            COMPLIANCE
WITH LAWS.

 

The obligation of the Company to make payment
of Options in Stock or otherwise shall be subject to all applicable laws,
rules, and regulations, and to such approvals by governmental agencies as may
be required.  Notwithstanding any terms
or conditions of any Option to the contrary, the Company shall be under no
obligation to offer to sell or to sell and shall be prohibited from offering to
sell or selling any shares of Stock pursuant to an Option unless such shares
have been properly registered for sale pursuant to the Securities Act with the
Securities and Exchange Commission or unless the Company has received an
opinion of counsel, satisfactory to the Company, that such shares may be
offered or sold without such registration pursuant to an available exemption
therefrom and the terms and conditions of such exemption have been fully
complied with.  The Company shall be
under no obligation to register for sale or resale under the Securities Act any
of the shares of Stock to be offered or sold under the Plan or any shares of
Stock issued upon exercise of Options unless the Stock is registered under Section 12(b) or
12(g) of the Securities Exchange Act of 1934 and such registration is
necessary in order to permit issuance of the Stock upon exercise in accordance
with the Plan.  If the shares of Stock
offered for sale or sold under the Plan are offered or sold pursuant to an
exemption from registration under the Securities Act, the Company may restrict
the transfer of such shares and may legend the Stock certificates representing
such shares in such manner as it deems advisable to ensure the availability of
any such exemption.

 

Section 16.            WITHHOLDING
OBLIGATIONS.

 

The Company is authorized to withhold from
any Option granted, any payment relating to an Option under the Plan, including
from a distribution of shares of Stock, or any payroll or other payment to a
Participant, amounts of withholding and other taxes required to be withheld by
applicable law in connection with any transaction involving an Option, and to
take such other action as the Committee may deem advisable to enable the
Company and Participants to satisfy obligations for the payment of withholding
taxes and other tax obligations relating to any Option. This authority shall
include authority to withhold or receive shares of Stock or other property and
to make cash payments in respect thereof in satisfaction of a Participant’s tax
obligations.  In addition to the Company’s
right to withhold from any compensation paid to the Participant by the Company,
a Participant may satisfy any federal, state or local tax withholding
obligation relating to the exercise or acquisition of Stock under an Option by
tendering a cash payment or, in the sole discretion of the Committee, by any of
the following means or by a combination of such means:  (i) authorizing the Company to withhold
shares of Stock from the shares of Stock otherwise issuable to the Participant
as a result of the exercise or acquisition of Stock under the Option, provided,
however, that no shares of Stock are withheld with a value exceeding the
minimum amount of tax required to be withheld by law; or (ii) delivering
to the Company owned and unencumbered shares of Stock that either (A) have
been held by the

 

13

 

Participant
for at least six-months, or (B) were acquired from a person other than the
Company.  For purposes of this Section 16,
the term “Company” shall be deemed to mean any Affiliate that may have a tax
withholding obligation due to its relationship with a Participant.

 

Section 17.            AMENDMENT
OF THE PLAN OR OPTIONS.

 

(a)           Amendment of Plan.  The Board at any time, and from time to time,
may amend the Plan; provided, however, that without further stockholder
approval the Board shall not make any amendment to the Plan which would
increase the maximum number of shares of Stock which may be issued pursuant to
Options under the Plan, except as contemplated by Section 11 hereof.

 

(b)           No Impairment of Rights. 
Rights under any Option granted before amendment of the Plan shall not
be impaired by any amendment of the Plan unless (i) the Company requests
the consent of the Participant and (ii) the Participant consents in
writing.

 

(c)           Amendment of Stock Options. 
The Committee, at any time, and from time to time, may amend the terms
of any one or more Options; provided, however, that the rights
under any Option shall not be impaired by any such amendment unless (i) the
Company requests the consent of the Participant and (ii) the Participant
consents in writing.

 

Section 18.            TERMINATION
OR SUSPENSION OF THE PLAN.

 

The Board may suspend or terminate the Plan
at any time.  Unless sooner terminated,
the Plan shall terminate on the day before the tenth (10th)
anniversary of the date the Plan was originally adopted by the Board or
approved by the stockholders of the Company, whichever is earlier, where for
purposes of this sentence, the term “Plan” shall mean the Company’s 2003 Stock
Option Plan, as in effect prior to any amendment and restatement thereof.  No Options may be granted under the Plan
while the Plan is suspended or after it is terminated.  Rights under any Option granted before
suspension or termination of the Plan shall not be impaired by such suspension
or termination of the Plan unless (i) the Company requests the consent of
the Participant and (ii) the Participant consents in writing.

 

Section 19.            EFFECTIVE
DATE OF THE PLAN.

 

The Plan shall be effective immediately
following the Effective Time.

 

Section 20.            MISCELLANEOUS.

 

(a)           No Liability of Committee Members.  No member of the Committee shall be
personally liable by reason of any contract or other instrument executed by
such member or on his behalf in his capacity as a member of the Committee nor
for any mistake of judgment made in good faith, and the Company shall indemnify
and hold harmless each member of the Committee and each other employee, officer
or director of the Company to whom any duty or power relating to the administration
or interpretation of the Plan may be allocated or delegated, against any cost
or expense (including counsel fees) or liability (including any sum paid in
settlement of a claim) arising out of any act or omission to act in connection
with the Plan unless arising out of such person’s own fraud or willful bad
faith; provided, however, that approval of

 

14

 

the
Board shall be required for the payment of any amount in settlement of a claim
against any such person.  The foregoing
right of indemnification shall not be exclusive of any other rights of
indemnification to which such persons may be entitled under the Company’s
Certificate of Incorporation or By-Laws, as a matter of law, or otherwise, or
any power that the Company may have to indemnify them or hold them harmless.

 

(b)           Payments
Following Accidents or Illness.  If
the Committee shall find that any person to whom any amount is payable under
the Plan is unable to care for his affairs because of illness or accident, or
is a minor, or has died, then any payment due to such person or his estate
(unless a prior claim therefor has been made by a duly appointed legal
representative) may, if the Committee so directs the Company, be paid to his
spouse, child, relative, an institution maintaining or having custody of such
person, or any other person deemed by the Committee to be a proper recipient on
behalf of such person otherwise entitled to payment.  Any such payment shall be a complete
discharge of the liability of the Committee and the Company therefor.

 

(c)           Governing
Law.  The Plan shall be governed by
and construed in accordance with the internal laws of the State of Delaware
without reference to the principles of conflicts of laws thereof.

 

(d)           Funding.  No provision of the Plan shall require the
Company, for the purpose of satisfying any obligations under the Plan, to
purchase assets or place any assets in a trust or other entity to which
contributions are made or otherwise to segregate any assets, nor shall the
Company maintain separate bank accounts, books, records or other evidence of
the existence of a segregated or separately maintained or administered fund for
such purposes.  Participants shall have
no rights under the Plan other than as unsecured general creditors of the
Company, except that insofar as they may have become entitled to payment of
additional compensation by performance of services, they shall have the same
rights as other employees under general law.

 

(e)           Reliance on Reports.  Each member of the Committee and each member
of the Board shall be fully justified in relying, acting or failing to act, and
shall not be liable for having so relied, acted or failed to act in good faith,
upon any report made by the independent public accountant of the Company and
its Affiliates and upon any other information furnished in connection with the
Plan by any person or persons other than himself.

 

(f)            Titles and Headings.  The titles and headings of the sections in
the Plan are for convenience of reference only, and in the event of any
conflict, the text of the Plan, rather than such titles or headings shall
control.

 

*     *    
*

 

15

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