Document:

Amendment Number Two to Credit Agreement  (Second Lien), dated September 8, 2008

 Exhibit 10.26A 
 AMENDMENT NUMBER TWO TO CREDIT AGREEMENT 
 (SECOND LIEN) 
 This AMENDMENT NUMBER TWO TO CREDIT AGREEMENT (this “Amendment”) is entered into as of September 5, 2008, by and
among SolarWinds, Inc., a Delaware corporation (“Holdings”), SolarWinds.Net, LLC, a Delaware limited liability company (the “LLC”), the Lenders party thereto from time to time, GoldenTree Asset
Management, LP, as Lead Arranger and Syndication Agent (the “Syndication Agent”), and The Bank of New York Mellon (formerly known as The Bank of New York), a New York banking corporation, as Administrative Agent (together
with its permitted successors in such capacity, “Administrative Agent”) and as Collateral Agent (together with its permitted successors in such capacity, “Collateral Agent”) with reference to the
following: 
 WHEREAS, Holdings, LLC, the Lenders, and Agents are parties to that certain Credit and Guaranty Agreement, dated as of
December 13, 2005 (as amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”); 
 WHEREAS, Holdings, LLC, the other Grantors named therein, and Collateral Agent are parties to that certain Second Lien Pledge and Security Agreement, dated as of December 13, 2005 (as amended, restated,
supplemented, or otherwise modified from time to time, the “Security Agreement”); 
 WHEREAS, Holdings and LLC
have requested that the Secured Parties amend the Credit Agreement as provided herein; and 
 WHEREAS, subject to the terms and
conditions set forth herein, the Secured Parties, Holdings, and LLC are willing to make the amendments set forth in this Amendment. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as
follows: 
 1. Defined Terms. Capitalized terms used herein and not defined herein shall have the meanings ascribed to them in the
Credit Agreement, as amended hereby. 
 2. Amendments to Credit Agreement. 
 (a) The definition of “Consolidated Capital Expenditures” in Section 1.1 of the Credit Agreement is hereby amended by (i) deleting
the word “and” appearing before clause (iii), and (ii) adding the following after clause (iii): 
 “, and (iv) the
consideration paid and expenditures made in connection with any Permitted Acquisition.” 
  

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 (b) Section 6.8(c) of the Credit Agreement is hereby amended and restated in its entirety as
follows: 
 Maximum Consolidated Capital Expenditures. Holdings shall not, and shall not permit its Subsidiaries to, make or incur
Consolidated Capital Expenditures, in any Fiscal Year indicated below, in an aggregate amount for Holdings and its Subsidiaries in excess of the corresponding amount set forth below opposite such Fiscal Year; provided, such amount for any
Fiscal Year shall be increased by an amount equal to 75% of the excess, if any, of such amount for the previous Fiscal Year and not any year before the previous Fiscal Year (as adjusted in accordance with this proviso) over the actual amount of
Consolidated Capital Expenditures for such previous Fiscal Year: 
  

				
	 Fiscal Year
	  	Consolidated Capital
Expenditures
	 2007
	  	$	3,000,000
	 2008
	  	$	4,000,000
	 2009
	  	$	4,000,000
	 2010
	  	$	4,000,000
	 2011
	  	$	4,500,000

 3. Conditions Precedent to the Effectiveness of this Amendment. The effectiveness of this
Amendment is subject to the fulfillment, to the reasonable satisfaction of Agents (or a written waiver by Agents) of each of the following conditions: 
 (a) Agents shall have received this Amendment, duly executed by the parties hereto, and the same shall be in full force and effect; 
 (b) Agents shall have received an amendment to the Intercreditor Agreement, duly executed by the parties thereto, and the same shall be in full force and effect; 
 (c) The representations and warranties herein and in the Credit Agreement and the other Credit Documents shall be true and correct in all material
respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date); 
 (d) No Default or Event of Default shall have occurred and be continuing on the date hereof, nor shall result from the consummation of the transactions contemplated herein; and 
 (e) No injunction, writ, restraining order, or other order of any nature prohibiting, directly or indirectly, the consummation of the transactions
contemplated herein shall have been issued and remain in force by any Governmental Authority against Holdings, the LLC, Agents, or any Lender. 
 4. Lenders’ Consent. The Lenders hereby consent to amendments to the Credit Documents and authorize and direct the Administrative Agent and the Collateral Agent to execute this Amendment and the other amendments to the Credit
Documents in the forms attached hereto as Exhibit C. 
 5. Counterparts. This Amendment may be executed in any number of
counterparts, and all such counterparts taken together shall be deemed to constitute one and the same instrument. Signature pages may be detached from counterpart documents and reassembled to form duplicate executed originals. 
  

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 6. Representation. Except as expressly set forth in the Disclosure Schedule in Exhibit B
attached hereto, Holdings and LLC jointly and severally represent and warrant that no Default or Event of Default under the terms of any other agreement exists as a result of Defaults and Events of Default described in Exhibit A attached
hereto. 
 7. Ratification of Agreement. 
 (a) To induce the Requisite Lenders to enter into this Amendment, Holdings, and LLC jointly and severally represent and warrant that after giving effect to this Amendment, no Default or Event of Default under the
terms of the Credit Agreement or any Collateral Document exists and, except as expressly set forth in the Disclosure Schedule in Exhibit B attached hereto, all representations and warranties contained in this Amendment and the Credit
Agreement are true, correct and complete in all material respects on and as of the date hereof 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. 
 (b) Except as expressly set forth in this Amendment, the terms, provisions and
conditions of the Credit Agreement and each Collateral Document are unchanged, and said agreements, as amended, shall remain in full force and effect and are hereby confirmed and ratified. 
 8. Governing Law; Jurisdiction; Venue; Waiver of Jury Trial. 
 THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ANY CHOICE OR
CONFLICT OF LAW PROVISION OR RULE THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK). ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT OR ANY OTHER DOCUMENT MAY BE BROUGHT IN THE COURTS OF
THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AMENDMENT, HOLDINGS, LLC, AND THEIR RESPECTIVE SUBSIDIARIES HEREBY IRREVOCABLY ACCEPT FOR ITSELF AND IN RESPECT OF ITS
PROPERTY, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. HOLDINGS, LLC, AND THEIR RESPECTIVE SUBSIDIARIES IRREVOCABLY CONSENT TO THE SERVICE OF PROCESS BY REGISTERED OR CERTIFIED MAIL (RETURN RECEIPT REQUESTED) TO
CT CORPORATION SYSTEM, 1633 BROADWAY, NEW YORK. NEW YORK 10019, ITS AGENT FOR SERVICE OF PROCESS, WHICH SHALL CONSTITUTE SUFFICIENT NOTICE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE HOLDERS OR COLLATERAL AGENT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST HOLDINGS, LLC OR ANY OF THEIR RESPECTIVE SUBSIDIARIES IN ANY OTHER JURISDICTION. 
  

 3 

 EACH OF HOLDINGS, LLC, AND THEIR RESPECTIVE SUBSIDIARIES HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT
MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AMENDMENT OR ANY OTHER DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN THIS SECTION AND HEREBY FURTHER
IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 
 BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON
AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY, THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR
PROCEEDING BROUGHT TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER THIS AGREEMENT AND THE COLLATERAL DOCUMENTS. 
 9. Acknowledgment and
Consent by LLC and Holdings. Each of LLC and Holdings hereby acknowledges that it has read this Amendment and consents to the terms hereof and further confirms and agrees that, notwithstanding the effectiveness of this Amendment, its obligations
under the Credit Agreement shall not be impaired or affected and the Credit Agreement is, and shall continue to be in full force and effect and is hereby confirmed and ratified in all respects. 
 [Signature Pages Follow] 
  

 4 

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

			
	SOLARWINDS, INC.
		
	By:	 	 /s/ Kevin B. Thompson

	Name:	 	Kevin B. Thompson
	Title:	 	Chief Operating Officer, Chief Financial Officer & Treasurer

  

			
	SOLARWINDS.NET, LLC
		
	By:	 	 /s/ Kevin B. Thompson

	Name:	 	Kevin B. Thompson
	Title:	 	Authorized Signatory

 [SIGNATURE PAGE TO AMENDMENT NUMBER TWO TO CREDIT AGREEMENT (SECOND LIEN)] 

			
	ADMINISTRATIVE AGENT:
	THE BANK OF NEW YORK MELLON (formerly known as The Bank of New York)
		
	By:	 	 /s/ Meime Ng

	Name:	 	Meime Ng
	Title:	 	Assistant Vice President

 [SIGNATURE PAGE TO AMENDMENT NUMBER TWO TO CREDIT AGREEMENT (SECOND LIEN)] 

			
	COLLATERAL AGENT:
	THE BANK OF NEW YORK MELLON (formerly known as The Bank of New York)
		
	By:	 	 /s/ Meime Ng

	Name:	 	Meime Ng
	Title:	 	Assistant Vice President

 [SIGNATURE PAGE TO AMENDMENT NUMBER TWO TO CREDIT AGREEMENT (SECOND LIEN)] 

			
	LEAD ARRANGER AND SYNDICATION AGENT:
	GOLDENTREE ASSET MANAGEMENT, L.P.
		
	By:	 	GoldenTree Asset Management, LP
		
	By:	 	 /s/ Karen Weber

	Name:	 	Karen Weber
	Title:	 	Director-Bank Debt

 [SIGNATURE PAGE TO AMENDMENT NUMBER TWO TO CREDIT AGREEMENT (SECOND LIEN)] 

			
	LENDERS:
	GoldenTree 2004 Trust
	By:	 	GoldenTree Asset Management, LP
		
	By:	 	 /s/ Karen Weber

	Name:	 	Karen Weber
	Title:	 	Director-Bank Debt
	
	GoldenTree Capital Solutions Fund Financing
	By:	 	GoldenTree Asset Management, LP
		
	By:	 	 /s/ Karen Weber

	Name:	 	Karen Weber
	Title:	 	Director-Bank Debt
	
	GoldenTree Capital Solutions Offshore Fund Financing
	By:	 	GoldenTree Asset Management, LP
		
	By:	 	 /s/ Karen Weber

	Name:	 	Karen Weber
	Title:	 	Director-Bank Debt
	
	GoldenTree Credit Opportunities Financing I, Ltd.
	By:	 	GoldenTree Asset Management, LP
		
	By:	 	 /s/ Karen Weber

	Name:	 	Karen Weber
	Title:	 	Director-Bank Debt
	
	GoldenTree MultiStrategy Financing, Ltd.,
	By:	 	GoldenTree Asset Management, LP
		
	By:	 	 /s/ Karen Weber

	Name:	 	Karen Weber
	Title:	 	Director-Bank Debt

 [SIGNATURE PAGE TO AMENDMENT NUMBER TWO TO CREDIT AGREEMENT (SECOND LIEN)] 

			
	SPV Capital Funding, L.L.C.
		
	By:	 	 /s/ Robert T. Ladd

	Name:	 	Robert T. Ladd
	Title:	 	Authorized Signatory

 [SIGNATURE PAGE TO AMENDMENT NUMBER TWO TO CREDIT AGREEMENT (SECOND LIEN)] 

 Exhibit A 
 Existing Defaults 
 None. 

 Exhibit B 
 Disclosure Schedule 
 None. 

 Exhibit C 
 Form of Amendments to Credit DocumentsForm of Certificate for the Series N Preferred Stock

 Exhibit 4.1 
 

 

 BANK OF AMERICA CORPORATION 
 THE SECURITIES REPRESENTED BY THIS INSTRUMENT ARE NOT SAVINGS ACCOUNTS, DEPOSITS OR OTHER OBLIGATIONS OF A BANK AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES
LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION STATEMENT RELATING THERETO IS IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER
SUCH ACT OR SUCH LAWS. EACH PURCHASER OF THE SECURITIES REPRESENTED BY THIS INSTRUMENT IS NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. ANY TRANSFEREE OF THE
SECURITIES REPRESENTED BY THIS INSTRUMENT BY ITS ACCEPTANCE HEREOF (1) REPRESENTS THAT IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT), (2) AGREES THAT IT WILL NOT OFFER, SELL OR
OTHERWISE TRANSFER THE SECURITIES REPRESENTED BY THIS INSTRUMENT EXCEPT (A) PURSUANT TO A REGISTRATION STATEMENT WHICH IS THEN EFFECTIVE UNDER THE SECURITIES ACT, (B) FOR SO LONG AS THE SECURITIES REPRESENTED BY THIS INSTRUMENT ARE
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (C) TO THE ISSUER OR (D) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND
(3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THE SECURITIES REPRESENTED BY THIS INSTRUMENT ARE TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. 
  

									
	 	  	 	  	 	  	 
	The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:
	 			 
	TEN COM	  	    -    	  	as tenants in common	  	UNIF GIFT MIN
ACT-                    Custodian
	TEN ENT	  	    -    	  	as tenants by the entireties	  	 (CUST)                    (Minor)

	JT TEN	  	    -    	  	as joint tenants with right of survivorship	  	under Uniform Gifts to Minors Act
	 	  		  	and not as tenants in common	  	             (STATE)

	 	  		  		  	UNIF TRF MIN ACT                        Custodian (until age. . . ). .
..
	 	  		  		  	 (CUST)                            (MINOR)

	 	  		  		  	under Uniform Transfers to Minors Act. . . . . . . . . .
	 	  		  		  	                         (STATE)

	 Additional abbreviations may also be used though not in the above list.

 For Value Received,
                             hereby sell, assign and transfer unto 
 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
  

			
	  
	 	

 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE) 
  

			
	  
	 	
		
	  
	 	

  

			
	  
	 	shares                

 of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

  

			
	  
	 	Attorney          

 to transfer the said stock on the books of the within named Corporation with full power of substitution in the
premises. 
  

					
	Dated:                     20        
	  	  
	  	
		  	Signature:	  	
			
		  	  
	  	
		  	Signature:	  	
		  	NOTE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT, OR ANY
CHANGE WHATEVER.

 SIGNATURE(S) GUARANTEED: 
 THE SIGNATURE(S) SHOULD BE GUARANTEED 
 BY AN ELIGIBLE GUARANTOR INSTITUTION 
 (Banks, Stockbrokers, Savings and Loan Associations 
 and Credit Unions) WITH MEMBERSHIP IN AN 
 APPROVED SIGNATURE GUARANTEE MEDALLION 
 PROGRAM, PURSUANT TO S.E.C. RULE
17Ad-15.

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