Document:

Exhibit 10.1

 

GREENWOOD
FINANCIAL INC.

 

THIRD
AMENDMENT

TO
SECOND AMENDED AND RESTATED 

REVOLVING CREDIT LOAN AGREEMENT

 

This THIRD
AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN AGREEMENT (this
“Amendment”) is dated as of September 30,
2009 and entered into by and among GREENWOOD FINANCIAL INC.,
a Delaware corporation (“Master Borrower”),
the entities identified on Schedule A attached hereto (together with the
Master Borrower, the “Borrowers”),
Orleans Homebuilders, Inc. (the “Guarantor”, and
together with the Borrowers, the “Obligors”), the
financial institutions listed on the signature pages hereof (“Lenders”) and WACHOVIA BANK, NATIONAL
ASSOCIATION, as administrative agent for Lenders (“Agent”), and is made with reference to that certain Second
Amended and Restated Revolving Credit Loan Agreement dated as of September 30,
2008, by and among Obligors, Lenders and Agent, as amended by that First
Amendment to Second Amended and Restated Revolving Credit Loan Agreement and
First Amendment to Security Agreement dated as of February 11, 2009 and
that Second Amendment to Second Amended and Restated Revolving Credit Loan
Agreement dated as of August 13, 2009 (as so amended and as amended,
restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). 
Capitalized terms used herein without definition shall have the same
meanings herein as set forth in the Loan Agreement.

 

RECITALS

 

WHEREAS, Borrowers and
Lenders desire to amend the Loan Agreement as specifically provided for herein;
and

 

WHEREAS, Obligors,
Lenders and Agent deem it advisable to amend the Loan Agreement as hereinafter
provided.

 

NOW, THEREFORE, in
consideration of the premises and the agreements, provisions and covenants
herein contained, the parties hereto agree as follows:

 

Section 1.                                          AMENDMENTS TO THE LOAN AGREEMENT

 

1.1                              Amendments to Article I:  Definitions.

 

A.                                    Subsection 1.1 of the Loan Agreement is
hereby amended by adding thereto the following definitions in proper
alphabetical order.

 

“Third Amendment”
means that certain Third Amendment to Second Amended and Restated Revolving
Credit Loan Agreement dated as of September 30, 2009.

 

“Third Amendment Effective
Date” has the meaning assigned to such term in the Third Amendment.

 

 

B.                                    Subsection 1.1 of the Loan Agreement
is hereby further amended by deleting the reference to “September 29,
2009” in the definition of “Borrowing Base Availability” and substituting “October 30,
2009” therefor.

 

1.2                              Amendment to Article II:  Amounts and Terms of the Facility; Security
for the Facility.

 

A.                                    Section 2.1.3 of the Loan Agreement
is hereby amended by deleting clause (v) therein and substituting the
following therefor:

 

“(v) Letters of
Credit solely to the extent required to comply with the reserve requirements
under the Subordinated Debt II in an aggregate amount not to exceed
$5,000,000.”

 

B.                                    Subsection 2.6.5 of the Loan
Agreement is hereby amended by deleting it in its entirety and substituting the
following therefor:

 

“2.6.5                  Additional Loan Fees.  Borrowers
shall pay two additional fees for the Facility. 
The first additional fee shall be earned and payable on October 31,
2009 and shall be equal to 8% per annum of the amount by which the aggregate
Commitments (based on the Facility Amount as it exists from time to time)
exceeds $250,000,000, calculated on a daily basis as such Commitments (based on
the Facility Amount as it exists from time to time) exist between the Closing
Date and the earlier of (i) October 31, 2009 and (ii) the date
the Commitments are permanently reduced to $250,000,000 (the “Reduction Date”).  The
second additional fee shall be earned and payable on December 20, 2009 if
the Indebtedness are not paid in full by such date and such second additional
fee shall be equal to 8% per annum of the amount that the aggregate Commitments
exceeds $250,000,000 calculated on a daily basis as such Commitments exist from
time to time after the Reduction Date.”

 

1.3                              Amendments to Article III:  Notice of Borrowing; Borrowing Base;
Borrowing Base Availability.

 

A.                                    Section 3.2.2 of the Loan Agreement
is hereby amended by deleting the reference to “September 29, 2009” in the
last sentence therein and substituting “October 30, 2009” therefor.

 

B.                                    Section 3.3.2.4 of the Loan
Agreement is hereby amended by deleting each of the references to “September 30,
2009” therein and substituting “October 31, 2009” therefor.

 

C.                                    Section 3.3.2.5 of the Loan
Agreement is hereby amended by deleting each of the references to “September 30,
2009” therein and substituting “October 31, 2009” therefor.

 

D.                                    Section 3.3.4 for the Loan Agreement
is hereby amended by deleting each of the references to “September 30,
2009” therein and substituting “October 31, 2009” therefor.  Section 3.3.4 for the Loan Agreement is
hereby further amended by deleting the reference to “October 15, 2009”
therein and substituting “November 15, 2009” therefor.

 

2

 

1.4                              Amendments to Article VI:
Affirmative Covenants.

 

A.                                    Subsection 6.1.1 of the Loan Agreement is
hereby amended by deleting “For the Fiscal Year ended June 30, 2008, not
later than October 15, 2008” and substituting “For the Fiscal Year ended June 30,
2009, not later than October 31, 2009” therefor.

 

B.                                    Subsection 6.1.5 of the Loan Agreement is
hereby amended by inserting the following at the beginning thereof:

 

“For the Fiscal Year ended June 30, 2009, not
later than October 31, 2009, and for each Fiscal Year thereafter,”.

 

C.                                    Subsection 6.1.6 of the Loan Agreement is
hereby amended by inserting the following at the beginning thereof:

 

“For the Fiscal Year ended June 30, 2009, not
later than October 31, 2009, and for each Fiscal Year thereafter,”.

 

1.5                              Amendments to Article VIII:
Financial Covenants.

 

Subsection 8.8 of the
Loan Agreement is hereby amended by deleting it in its entirety and
substituting the following therefor:

 

“8.8                           Liquidity.  The Liquidity shall be (i) from the
Second Amendment Effective Date through October 30, 2009, not less than
$0, and (ii) from and after October 31, 2009, not less than $10,000,000.

 

Section 2.                                          CONDITIONS TO EFFECTIVENESS

 

 Section 1 of this Amendment shall become
effective only upon the satisfaction of all of the following conditions
precedent (the date of satisfaction of such conditions being referred to herein
as the “Third Amendment Effective Date”):

 

A.                                    On or before the Third Amendment
Effective Date, Obligors shall deliver to Lenders (or to Agent for Lenders with
sufficient originally executed copies, where appropriate, for each Lender) the
following, each, unless otherwise noted, dated the Third Amendment Effective
Date:

 

1.                                       A certificate, dated as of the Third
Amendment Effective Date of the respective Secretary, general partner, manager
or members of each Borrower and Guarantor, certifying that there have been no
changes to its respective Organizational Documents delivered to Lenders on September 30,
2008;

 

2.                                       Certified copies of all corporate,
limited partnership and limited liability company action (as appropriate) taken
by Borrowers and Guarantor, including resolutions of their respective Boards of
Directors, authorizing the execution, delivery and performance of this
Amendment, certified as of the Third Amendment Effective Date;

 

3

 

3.                                       An incumbency and signature certificate
(dated as the date of this Agreement) of the Secretaries, general partners,
managers or members (as appropriate) of each Borrower and Guarantor, certifying
the names and true signatures of the officers or other authorized Persons of
Borrower and Guarantor authorized to sign this Amendment; and

 

4.                                       Copies of this Amendment executed by each
Obligor.

 

B.                                    Requisite Lenders shall have executed
this Amendment.

 

C.                                    On or before the Third Amendment
Effective Date, all corporate and other proceedings taken or to be taken by any
Obligor in connection with the transactions contemplated hereby and all
documents incidental thereto not previously found acceptable by Agent, acting
on behalf of Lenders, and its counsel shall be satisfactory in form and
substance to Agent and such counsel, and Agent and such counsel shall have
received all such counterpart originals or certified copies of such documents
as Agent may reasonably request.

 

D.                                    Borrowers shall have paid (i) to
Agent, all of Agent’s outstanding expenses under the Loan Documents, including
inspection and appraisal costs, and (ii) to Reed Smith LLP, counsel to
Agent, all fees and expenses invoiced through the date hereof.

 

Section 3.                                          OBLIGORS’ REPRESENTATIONS AND WARRANTIES

 

In order to induce Lenders
to enter into this Amendment and to amend the Loan Agreement in the manner
provided herein, each Obligor represents and warrants to each Lender that the
following statements are true, correct and complete:

 

A.                                    Corporate Power and Authority. 
Each Obligor has all requisite power and authority to enter into this
Amendment and to carry out the transactions contemplated by, and perform its
obligations under, the Loan Agreement as amended by this Amendment (the “Amended Agreement”).

 

B.                                    Authorization of Agreements. 
The execution and delivery of this Amendment and the performance of the
Amended Agreements have been duly authorized by all necessary corporate,
partnership or limited liability company action, as appropriate, on the part of
each Obligor.

 

C.                                    No Conflict. 
The execution and delivery by each Obligor of this Amendment and the
performance by each Obligor of the Amended Agreements do not and will not (i) require
any consent or approval of the shareholders, partners or members of any such
entity not already obtained; (ii) contravene such entity’s Organizational
Documents; (iii) violate any provision of or cause or result in a breach
of or constitute a default under any law, rule, regulation (including, without
limitation, Regulation U of the Board of Governors of the Federal Reserve
System), order, writ, judgment, injunction, decree, determination, or award
presently in effect having applicability to such entity; (iv) cause or
result in a breach of or constitute a default under any indenture or loan or
credit agreement or any other agreement, lease, or instrument to which such
entity is a party or by which it or its properties may be bound or affected; (v) cause
or result in or require the creation or imposition of any Lien upon or with
respect to any of the 

 

4

 

properties now owned or hereafter acquired by such
Obligor except as contemplated by this Agreement; or (vi) violate any
provision of any indenture, agreement, or other instrument to which any
Borrower, Guarantor, or any of their respective properties or assets are bound,
and will not be in conflict with, result in a breach of, or constitute (with
due notice and/or lapse of time) a default under any such indenture, agreement,
or other instrument, or result in the creation or imposition of any lien,
charge, or encumbrance of any nature whatsoever upon any of said properties or
assets.

 

D.                                    Governmental Consents. 
The execution and delivery by each Obligor of this Amendment and the
performance by each Obligor of the Amended Agreements do not and will not
require any authorization, consent, approval, license or exemption of, or any
registration, qualification, designation, declaration or a filing with any
court or governmental department, commission, board, bureau, agency or
instrumentality, domestic or foreign, except as have been obtained.

 

E.                                      Binding Obligation. 
This Amendment has been duly executed and delivered by each Obligor and
this Amendment and the Amended Agreements are the legally valid and binding
obligations of such Obligor, enforceable against such Obligor in accordance
with their respective terms, except as may be limited by applicable bankruptcy,
insolvency, and other similar laws affecting creditors’ rights generally.

 

F.                                      Incorporation of Representations
and Warranties From Loan Documents.  After giving
effect to this Amendment, the representations and warranties contained in each
Loan Document are and will be true, correct and complete in all material
respects on and as of the Third Amendment Effective Date to the same extent as
though made on and as of that date, except to the extent such representations
and warranties specifically relate to an earlier date, in which case they were
true, correct and complete in all material respects on and as of such earlier
date.

 

G.                                    Absence of Default. 
After giving effect to this Amendment, no event has occurred and is
continuing or will result from the consummation of the transactions
contemplated by this Amendment that would constitute an Event of Default.

 

Section 4.                                          MISCELLANEOUS

 

A.                                    Reference to and Effect on the
Loan Agreement and the Other Loan Documents.

 

1.                                       On and after the Third Amendment
Effective Date, each reference in the Loan Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of like import referring to the Loan
Agreement, and each reference in the Loan Documents to the “Loan Agreement”,
“thereunder”, “thereof’ or words of like import referring to the Loan Agreement
shall mean and be a reference to the Amended Loan Agreement.

 

2.                                       Except as specifically amended by this
Amendment, the Loan Agreement and the other Loan Documents shall remain in full
force and effect and are hereby ratified and confirmed.

 

5

 

3.                                       The execution, delivery and performance
of this Amendment shall not, except as expressly provided herein, constitute a
waiver of any provision of, or operate as a waiver of any right, power or
remedy of Agent or any Lender under, the Loan Agreement or any of the other
Loan Documents, or serve to effect a novation of the Indebtedness.

 

B.                                    Fees and Expenses. 
Company acknowledges that all costs, fees and expenses as described in Section 13.15
of the Loan Agreement incurred by Agent and its counsel with respect to this
Amendment and the documents and transactions contemplated hereby shall be for
the account of Borrowers.

 

C.                                    Headings.  Section and
subsection headings in this Amendment are included herein for convenience of
reference only and shall not constitute a part of this Amendment for any other
purpose or be given any substantive effect.

 

D.                                    Applicable Law. 
THIS AMENDMENT SHALL IN ALL RESPECTS BE GOVERNED BY THE LAWS OF THE
COMMONWEALTH OF PENNSYLVANIA.

 

E.                                      Counterparts; Effectiveness. 
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 constitute but one and the same instrument; signature pages may
be detached from multiple separate counterparts and attached to a single
counterpart so that all signature pages are physically attached to the
same document.  Any facsimiled,
electronically transmitted, or photocopied signatures hereto shall be deemed
original signatures hereto, all of which shall be equally valid.  This Amendment (other than the provisions of
Sections 1 and 2 hereof, the effectiveness of which is governed by Section 3
hereof) shall become effective upon the execution of a counterpart hereof by
Obligors, Agent and Lenders and receipt by Obligors and Agent of written or
telephonic notification of such execution and authorization of delivery
thereof.

 

Section 5.                                          ACKNOWLEDGEMENT AND CONSENT BY GUARANTOR

 

Guarantor hereby acknowledges that it has read this Amendment and
consents to the terms thereof, and hereby confirms and agrees that,
notwithstanding the effectiveness of this Amendment, the obligations of
Guarantor under its Guaranty shall not be impaired or affected and the
applicable Guaranty is, and shall continue to be, in full force and effect and
is hereby confirmed and ratified in all respects.  Guarantor further agrees that nothing in the
Loan Agreement, this Amendment or any other Loan Document shall be deemed to
require the consent of Guarantor to any future amendment to the Loan Agreement.

 

Section 6.                                          RELEASORS.

 

A.                                    Each Borrower and Guarantor hereby
acknowledges and agrees that, as of the Third Amendment Effective Date, no
right of offset, defense, counterclaim, claim, cause of action or objection in
favor of any Borrower and Guarantor against the Lenders (including all lenders
prior to the Third Amendment Effective Date) or the Agent, any other agent or
any Issuer 

 

6

 

exists arising out of or with respect to (i) the
Indebtedness, the Loan Agreement or any of the other Loan Documents; (ii) any
other documents evidencing, securing or in any way relating to the foregoing,
or (iii) the administration or funding of the Loans, the Commitment or the
issuance of Letters of Credit or Tri-Party Agreements.

 

B.                                    Each Borrower and Guarantor hereby
expressly waives, releases and relinquishes any and all defenses, setoffs,
claims, counterclaims, causes of action or objections, if any, against such
Lenders, the Agent, the other agents or any Issuer, whether known or unknown,
both at law and in equity, only to the extent arising out of any matter, cause
or event occurring on or prior to the Third Amendment Effective Date.

 

C.                                    Each Borrower and Guarantor for itself,
each other Borrower and Guarantor and their respective successors and assigns
in interest and any person that may derivatively or otherwise assert a claim
through or by any of the foregoing to the fullest extent permitted by
applicable law (collectively, the “Releasors”)
waives and releases against each Agent, each Issuer and each Lender and each of
their respective employees, agents, representatives, consultants, attorneys,
fiduciaries, servants, officers, directors, partners, predecessors, successors
and assigns, subsidiary corporations, parent corporations, related corporate
divisions, participants and assigns (collectively, the “Releasees”), and covenants not to commence
or pursue any litigation or action, claims, demands, causes of action, suits,
debts, sums of money, accounts, bonds, bills, covenants, contracts,
controversies, agreements, promises, setoffs, recoupments, counterclaims,
defenses, expenses, damages and/or judgments, whatsoever in law or in equity
(whether matured, unmatured, contingent or non-contingent) that relate in any
way, either directly or indirectly, to the Loan Agreement, any other Loan
Documents, the transactions contemplated thereby or any action by Agents,
Lenders or any other Releasee in any way related thereto, whether known or
unknown, which each of the Releasors had, now has or may have, in each case
only to the extent arising out of any matter, cause or event occurring prior to
the Third Amendment Effective Date.  Each
of the Releasors hereby agrees that federal or state laws, rights, rules or
legal principles of any other jurisdiction which may be applicable thereto, to
the extent that they apply to the matters released hereby, are knowingly and
voluntarily waived and relinquished by such Releasors, to the full extent that
such rights and benefits pertaining to the matters released herein may be
waived, and each of the Releasors hereby agrees and acknowledges that this
waiver is an essential term of this Amendment, without which Agent and Lenders
would not have entered into this Amendment. 
Each of the Releasors represents and warrants that it has not purported
to transfer, assign, pledge or otherwise convey any of its right, title or
interest in any matter released hereby to any other Person.  In connection with the release in this
Amendment, each of the Releasors acknowledges that it is aware it may hereafter
discover claims presently unknown or unsuspected, or facts in addition to or
different from those which such Releasors now knows or believes to be true,
with respect to the matters released herein. 
Nevertheless, it is each of the Releasors’ intent in executing this
Agreement to fully, finally and forever release and settle such matters to the
extent they arise out of any matter, cause or event occurring prior to the Third
Amendment Effective Date.  In making this
release, each of the Releasors has consulted with counsel concerning the effect
thereof.

 

[The remainder of page intentionally
left blank.]

 

7

 

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

 

	
  Master Borrower:

  	
  Greenwood Financial Inc., a Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lawrence J. Dugan

  
	
   

  	
   

  	
  Name: Lawrence J. Dugan

  
	
   

  	
   

  	
  Title:   Vice
  President

  
	
   

  	
   

  	
   

  
	
  Corporate Borrowers:

  	
  OHB Homes, Inc.

  
	
   

  	
  Orleans Corporation

  
	
   

  	
  Orleans Corporation of New Jersey

  
	
   

  	
  Orleans Construction Corp.

  
	
   

  	
  Parker & Lancaster Corporation

  
	
   

  	
  Parker & Orleans Homebuilders, Inc.

  
	
   

  	
  Sharp Road Farms, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lawrence J. Dugan

  
	
   

  	
   

  	
  Name: Lawrence J. Dugan

  
	
   

  	
   

  	
  Title:   Vice
  President

  
	
   

  	
   

  	
   

  
	
  Limited Liability Company Borrowers:

  	
  Masterpiece Homes, LLC

  
	
   

  	
  OPCNC, LLC

  
	
   

  	
  Orleans at Bordentown, LLC

  
	
   

  	
  Orleans at Cooks Bridge, LLC

  
	
   

  	
  Orleans at Covington Manor, LLC

  
	
   

  	
  Orleans at Crofton Chase, LLC

  
	
   

  	
  Orleans at East Greenwich, LLC

  
	
   

  	
  Orleans at Elk Township, LLC

  
	
   

  	
  Orleans at Evesham, LLC

  
	
   

  	
  Orleans at Hamilton, LLC

  
	
   

  	
  Orleans at Harrison, LLC

  
	
   

  	
  Orleans at Hidden Creek, LLC

  
	
   

  	
  Orleans at Jennings Mill, LLC

  
	
   

  	
  Orleans at Lambertville, LLC

  
	
   

  	
  Orleans at Lyons Gate, LLC

  
	
   

  	
  Orleans at Mansfield, LLC

  
	
   

  	
  Orleans at Maple Glen, LLC

  
	
   

  	
  Orleans at Meadow Glen, LLC

  
	
   

  	
  Orleans at Millstone, LLC

  

 

[Borrowers’ signatures
continued on the following page]

 

(Signature Page to
Third Amendment to Second Amended and Restated Loan Agreement and Security
Agreement)

 

 

	
   

  	
  Orleans at Millstone River Preserve, LLC

  
	
   

  	
  Orleans at Moorestown, LLC

  
	
   

  	
  Orleans at Tabernacle, LLC

  
	
   

  	
  Orleans at Upper Freehold, LLC

  
	
   

  	
  Orleans at Wallkill, LLC

  
	
   

  	
  Orleans at Westampton Woods, LLC

  
	
   

  	
  Orleans at Woolwich, LLC

  
	
   

  	
  Orleans Arizona Realty, LLC

  
	
   

  	
  Orleans DK, LLC

  
	
   

  	
  Parker Lancaster, Tidewater, L.L.C.

  
	
   

  	
  Wheatley Meadows Associates, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lawrence J. Dugan

  
	
   

  	
   

  	
  Name: Lawrence J. Dugan

  
	
   

  	
   

  	
  Title:   Vice
  President

  

 

[Borrowers’ signatures
continued on the following page]

 

(Signature Page to
Third Amendment to Second Amended and Restated Revolving Credit Loan Agreement)

 

 

	
  Limited Partnership Borrowers:

  	
  Brookshire Estates, L.P. (f/k/a Orleans
  at Brookshire Estates, L.P.)

  
	
   

  	
  Orleans at Falls, LP

  
	
   

  	
  Orleans at Limerick, LP

  
	
   

  	
  Orleans at Lower Salford, LP

  
	
   

  	
  Orleans at Thornbury, L.P.

  
	
   

  	
  Orleans at Upper Saucon, L.P.

  
	
   

  	
  Orleans at Upper Uwchlan, LP

  
	
   

  	
  Orleans at West Bradford, LP

  
	
   

  	
  Orleans at West Vincent, LP

  
	
   

  	
  Orleans at Windsor Square, LP

  
	
   

  	
  Orleans at Wrightstown, LP

  
	
   

  	
  Stock Grange, LP

  
	
   

  	
  By:

  	
  OHI PA GP, LLC, sole General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Lawrence J. Dugan

  
	
   

  	
   

  	
   

  	
  Name: Lawrence J. Dugan

  
	
   

  	
   

  	
   

  	
  Title:   Vice
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Orleans RHIL, LP

  
	
   

  	
  Realen Homes, L.P.

  
	
   

  	
  By:

  	
  RHGP, LLC, sole General Partner

  
	
   

  	
   

  	
  By:

  	
  Orleans Homebuilders, Inc.,

  
	
   

  	
   

  	
   

  	
  Authorized Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Garry P. Herdler

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Garry P. Herdler

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Executive Vice President and Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Guarantor:

  	
  Orleans Homebuilders, Inc., a Delaware corporation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Garry P. Herdler

  
	
   

  	
   

  	
  Name: Garry P. Herdler

  
	
   

  	
   

  	
  Title:   Executive
  Vice President and Chief Financial Officer

  

 

[Agent’s signature continued on the next page]

 

(Signature Page to
Third Amendment to Second Amended and Restated Revolving Credit Loan Agreement)

 

 

	
  Agent:

  	
  Wachovia Bank, National Association

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Nathan R. Rantala

  
	
   

  	
   

  	
  Name: Nathan R. Rantala

  
	
   

  	
   

  	
  Title: Nathan R. Rantala

  

 

[Lenders’ signature continued on the next page]

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WACHOVIA
  BANK,

  
	
   

  	
  NATIONAL
  ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Nathan R. Rantala

  
	
   

  	
   

  	
  Nathan
  R. Rantala, Director

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK
  OF AMERICA, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jonathan M. Barnes

  
	
   

  	
   

  	
  Name:
  Jonathan M. Barnes

  
	
   

  	
   

  	
  Title:
  Vice President

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MANUFACTURERS
  AND TRADERS TRUST COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Anne D. Brehony

  
	
   

  	
   

  	
  Name:
  Anne D. Brehony

  
	
   

  	
   

  	
  Title:
  Vice President

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NATIONAL
  CITY BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Christopher Guyer

  
	
   

  	
   

  	
  Name:
  Christopher Guyer

  
	
   

  	
   

  	
  Title:
  Vice President

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FIRSTRUST
  BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Seth Mackler

  
	
   

  	
   

  	
  Name:
  Seth Mackler

  
	
   

  	
   

  	
  Title:
  Senior Vice President

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COMPASS
  BANK, an Alabama Banking Corporation successor in interest to Guaranty Bank

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Linda Garcia

  
	
   

  	
   

  	
  Name:
  Linda Garcia

  
	
   

  	
   

  	
  Title:
  SVP

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SUNTRUST
  BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Janet R. Naifeh

  
	
   

  	
   

  	
  Name:
  Janet R. Naifeh

  
	
   

  	
   

  	
  Title:
  Senior Vice President

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  REGIONS
  BANK, successor by merger to Amsouth Bank

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Daniel McClarkin

  
	
   

  	
   

  	
  Name:
  Daniel McClarkin

  
	
   

  	
   

  	
  Title:
  VP

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COMERICA
  BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Laura Benson

  
	
   

  	
   

  	
  Name:
  Laura Benson

  
	
   

  	
   

  	
  Title:
  Vice President

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COMPASS
  BANK, an Alabama Banking Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Steven J. Heslep

  
	
   

  	
   

  	
  Name:
  Steven J. Heslep

  
	
   

  	
   

  	
  Title:
  Senior Vice President

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

	
   

  	
  LENDER
  SIGNATURE PAGE TO THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING
  CREDIT LOAN AGREEMENT WITH GREENWOOD FINANCIAL INC. AS MASTER BORROWER, DATED
  AS OF SEPTEMBER 30, 2009:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DEUTSCHE
  BANK TRUST COMPANY AMERICAS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Valerie Shapiro

  
	
   

  	
   

  	
  Name:
  Valerie Shapiro

  
	
   

  	
   

  	
  Title:
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Michael M. Meagher

  
	
   

  	
   

  	
  Name:
  Michael M. Meagher

  
	
   

  	
   

  	
  Title:
  Vice President

  

 

(Signature Page to Third Amendment to Second Amended and Restated
Revolving Credit Loan Agreement)

 

 

Schedule A - Schedule of Borrowers

 

Greenwood
Financial Inc.

Masterpiece
Homes, LLC

OHB
Homes, Inc.

Orleans
Corporation

Orleans
Corporation of New Jersey

Orleans
Construction Corp.

Parker &
Lancaster Corporation

Parker &
Orleans Homebuilders, Inc.

Sharp
Road Farms, Inc.

OPCNC,
LLC

Orleans
at Bordentown, LLC

Orleans
at Cooks Bridge, LLC

Orleans
at Covington Manor, LLC

Orleans
at Crofton Chase, LLC

Orleans
at East Greenwich, LLC

Orleans
at Elk Township, LLC

Orleans
at Evesham, LLC

Orleans
at Hamilton, LLC

Orleans
at Harrison, LLC

Orleans
at Hidden Creek, LLC

Orleans
at Jennings Mill, LLC

Orleans
at Lambertville, LLC

Orleans
at Lyons Gate, LLC

Orleans
at Mansfield, LLC

Orleans
at Maple Glen, LLC

Orleans
at Meadow Glen, LLC

Orleans
at Millstone, LLC

Orleans
at Millstone River Preserve, LLC

Orleans
at Moorestown, LLC

Orleans
at Tabernacle, LLC

Orleans
at Upper Freehold, LLC

Orleans
at Wallkill, LLC

Orleans
at Westampton Woods, LLC

Orleans
at Woolwich, LLC

Orleans
Arizona Realty, LLC

Orleans
DK, LLC

Wheatley
Meadows Associates, LLC

Parker
Lancaster, Tidewater, L.L.C.

Brookshire
Estates, L.P. (f/k/a Orleans at Brookshire Estates, L.P.)

Orleans
at Falls, LP

Orleans
at Limerick, LP

Orleans
at Lower Salford, LP

Orleans
at Thornbury, LP

Orleans
at Upper Saucon, L.P.

 

 

Orleans
at Upper Uwchlan, LP

Orleans
at West Bradford, LP

Orleans
at West Vincent, LP

Orleans
at Windsor Square, LP

Orleans
at Wrightstown, LP

Stock
Grange, LP

Orleans
RHIL, LP

Realen
Homes, L.P.Exhibit 10.1

 

AMENDMENT NO. 2

TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

This
AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT
AGREEMENT (this “Amendment”),
dated as of September 30, 2009, is made by and among KEMET CORPORATION, a
Delaware corporation, as borrower hereunder (“Borrower”),
the Subsidiary Guarantors (such term, and each other capitalized term used but
not defined herein, having the meaning assigned to it in the Credit Agreement
described below), and K FINANCING, LLC, a Delaware limited liability company,
as lender hereunder (“Lender”).

 

RECITALS

 

WHEREAS,
Borrower and the Subsidiary Guarantors are parties to that certain Amended and
Restated Credit Agreement, dated as of June 7, 2009, as amended by
Amendment No. 1 to Amended and Restated Credit Agreement, dated as of June 21,
2009 (as the same may be further amended, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”),
among Borrower, the Subsidiary Guarantors and Lender; and

 

WHEREAS,
the parties desire to amend the Credit Agreement to modify the definition of “Test
Period” as it relates to the Consolidated Fixed Charge Coverage Ratio;

 

NOW, THEREFORE, in consideration of the premises made
hereunder, and for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto, intending to be legally
bound, hereby agree as follows:

 

Section 1.              Amendment of Section 1.01
of the Credit Agreement.  The
definition of “Test Period” in Section 1.01 of the Credit Agreement is
hereby amended by deleting the current definition in its entirety and replacing
it with the following definition:

 

“Test Period” shall mean, at any time,
the four consecutive fiscal quarters of Borrower then last ended (in each case
taken as one accounting period) for which financial statements have been or are
required to be delivered pursuant to Section 5.01(a) or Section 5.01(b);
provided that (i) for purposes of
measuring Minimum Consolidated EBITDA under Section 6.10(a), (x) the
Test Period ended September 30, 2009 shall measure Consolidated EBITDA for
the two consecutive fiscal quarters of Borrower then ended (taken as one
accounting period), and (y) the Test Period ended December 31, 2009
shall measure Consolidated EBITDA for the three consecutive fiscal quarters of
Borrower then ended (taken as one accounting period), and (ii) for
purposes of measuring the Minimum Fixed Charge Coverage Ratio under Section 6.10(b),
(x) the Test Period ended September 30, 2009 shall measure the
Consolidated Fixed Charge Coverage Ratio (and all other measurements
required for the calculation thereof) for the fiscal quarter of
Borrower then ended, (y) the Test Period ended December 31, 2009
shall measure the Consolidated Fixed Charge Coverage Ratio (and all other
measurements required for the calculation thereof) for the two consecutive
fiscal quarters of Borrower then ended (taken as one accounting period) and (z) the
Test Period ended March 31, 2010 shall measure the Consolidated Fixed
Charge Coverage Ratio (and all other measurements required for the
calculation thereof) for the three consecutive fiscal quarters of
Borrower then ended (taken as one accounting period).

 

 

Section 2.              Conditions Precedent.  This Amendment shall become effective upon
satisfaction of each of the following conditions precedent:

 

(a)                   Lender shall have received
all of the following, in form and substance satisfactory to Lender:

 

(i)                                     Amendment
Documents.  This
Amendment and each other instrument, document or certificate required by the Administrative
Agent, duly executed and delivered by Borrower, the Subsidiary Guarantors,
Lender and any other person in connection with this Amendment; and

 

(ii)                                  Additional
Information.  Such
additional documents, instruments and information as the Administrative Agent
may reasonably request to effect the transactions contemplated hereby.

 

(b)                   The representations and
warranties contained herein and in the Loan Documents shall be true and correct
in all material respects as of the date hereof as if made on the date hereof
(except for those which by their terms specifically refer to an earlier date,
in which case such representations and warranties shall have been true and
correct in all material respects as of such earlier date).

 

(c)                    No Default or Event of Default
shall have occurred and be continuing after giving effect to this Amendment.

 

Section 3.              Representations and Warranties.  Each Loan Party jointly and severally
represents and warrants to Lender that, as of the date hereof and after giving
effect to this Amendment, (a) all representations and warranties set forth
in the Credit Agreement and in any other Loan Document are true and correct in
all material respects as if made again on and as of such date (except those, if
any, which by their terms specifically relate only to an earlier date, in which
case such representations and warranties shall have been true and correct in
all material respects as of such earlier date), (b) no Default or Event of
Default has occurred and is continuing and (c) the Credit Agreement (as
amended by this Amendment), and all other Loan Documents are and remain legal,
valid, binding and enforceable obligations of the Loan Parties in accordance
with the terms thereof, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar laws relating to
or limiting creditors’ rights generally or by equitable principles (regardless
of whether enforcement is sought in equity or at law).

 

Section 4.              Survival of Representations and
Warranties.  All representations and
warranties made in this Amendment or any other Loan Document shall survive the
execution and delivery of this Amendment, and no investigation by Lender shall
affect the representations and warranties or the right of Lender to rely upon
them.

 

Section 5.              Reference to Agreement.  Each of the Loan Documents, including the
Credit Agreement, and any and all other agreements, documents or instruments
now or hereafter executed and/or delivered pursuant to the terms hereof or
pursuant to the terms of the Credit Agreement as amended hereby, are hereby
amended so that any reference in such Loan Documents to the Credit Agreement,
whether direct or indirect, shall mean a reference to the Credit Agreement as
amended hereby.  This Amendment shall
constitute a Loan Document under the Credit Agreement.

 

Section 6.              Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE 

 

2

 

STATE OF NEW YORK, WITHOUT
REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE
LAWS OF ANOTHER JURISDICTION.

 

Section 7.              Execution.  This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a
signature page to this Amendment by telecopier or pdf shall be effective
as delivery of a manually executed counterpart of this Amendment.

 

Section 8.              Limited Effect.  This Amendment relates only to the specific
matters expressly covered herein, shall not be considered to be a waiver of any
rights or remedies Lender may have under the Credit Agreement or under any
other Loan Document, and shall not be considered to create a course of dealing
or to otherwise obligate in any respect Lender to execute similar or other
amendments or grant any waivers under the same or similar or other
circumstances in the future.

 

Section 9.              Severability.  Any provision of this Amendment held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.

 

Section 10.            Entire Agreement.  This Amendment, the Credit Agreement and the
other Loan Documents constitute the entire agreement among the parties with
respect to the subject matter hereof and thereof and supersede all other prior
agreements and understandings, both written and oral, among the parties or any
of them with respect to the subject matter hereof.

 

Section 11.            Ratification by Subsidiary
Guarantors.  Each of the Subsidiary
Guarantors hereby acknowledges that its consent to this Amendment is not
required, but each Subsidiary Guarantor nevertheless hereby agrees and consents
to this Amendment and to the documents and agreements referred to herein.  Each Subsidiary Guarantor agrees and
acknowledges that (i) notwithstanding the effectiveness of this Amendment,
such Subsidiary Guarantor’s Guarantee shall remain in full force and effect
without modification thereto and (ii) nothing herein shall in any way
limit any of the terms or provisions of such Subsidiary Guarantor’s Guarantee
or any other Loan Document executed by such Subsidiary Guarantor (as the same
may be amended from time to time), all of which are hereby ratified, confirmed
and affirmed in all respects.  Each
Subsidiary Guarantor hereby agrees and acknowledges that no other agreement, instrument,
consent or document shall be required to give effect to this Section 11.  Each Subsidiary Guarantor hereby further
acknowledges that Borrower and Lender may from time to time enter into any
further amendments, modifications, terminations and/or waivers of any
provisions of the Loan Documents without notice to or consent from such
Subsidiary Guarantor and without affecting the validity or enforceability of
such Subsidiary Guarantor’s Guarantee or giving rise to any reduction,
limitation, impairment, discharge or termination of such Subsidiary Guarantor’s
Guarantee.

 

[The remainder of this page is intentionally
left blank; signature pages follow.]

 

3

 

IN WITNESS WHEREOF, the parties hereto have caused
this Amendment No. 2 to Amended and Restated Credit Agreement to be
executed by their respective officers thereunto duly authorized, as of the date
first above written.

 

 

	
   

  	
  KEMET
  CORPORATION,

  
	
   

  	
     as Borrower

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Name:

  	
  William
  M. Lowe, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President and Chief Financial Officer

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  KEMET
  ELECTRONICS CORPORATION,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Name:

  	
  William
  M. Lowe, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President and Chief Financial Officer

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  KEMET
  SERVICES CORPORATION,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  Conrado Hinojosa

  
	
   

  	
   

  	
  Name:

  	
  Conrado
  Hinojosa

  
	
   

  	
   

  	
  Title:

  	
  President

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  KRC
  TRADE CORPORATION,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Name:

  	
  William
  M. Lowe, Jr.

  
	
   

  	
   

  	
  Title:

  	
  President

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  THE
  FOREST ELECTRIC COMPANY,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  Charles C. Meeks, Jr.

  
	
   

  	
   

  	
  Name:

  	
  Charles
  C. Meeks, Jr.

  
	
   

  	
   

  	
  Title:

  	
  President

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  KEMET
  ELECTRONICS (SUZHOU) CO., LTD.,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Name:

  	
  William
  M. Lowe, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Attorney-in-Fact

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  KEMET
  DE MEXICO, S.A. DE C.V.,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Name:

  	
  William
  M. Lowe, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Attorney-in-Fact

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  ARCOTRONICS
  AMERICA INC.,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Name:

  	
  William
  M. Lowe, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  ARCOTRONICS
  INC.,

  
	
   

  	
     as a
  Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Name:

  	
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Treasurer

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  SHANGHAI
  ARCOTRONICS COMPONENTS &MACHINERIES CO. LTD.,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Name:

  	
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Attorney-in-Fact

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  NANTONG
  EVOX RIFA ELECTROLYTICS CO. LTD.,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Name:

  	
  William M. Lowe, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Attorney-in-Fact

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  PT
  EVOX RIFA INDONESIA,

  
	
   

  	
     as a Subsidiary Guarantor

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  Wee Cheng Hoon     .

  
	
   

  	
   

  	
  Name:

  	
  Wee Cheng Hoon

  
	
   

  	
   

  	
  Title:

  	
  Director

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

  

 

 

	
   

  	
  K
  FINANCING, LLC,

  
	
   

  	
     as Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  Mary Ann Sigler

  
	
   

  	
   

  	
  Name:

  	
  Mary Ann Sigler

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

 

	
   

  	
  (Signature
  Page to Amendment No. 2 to Credit Agreement)

  	
  KEMET

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