Document:

Exhibit 10.1

    

    EXHIBIT
      10.1

    

    

    OAK
      RIDGE TECHNICAL CENTER-ONE, LP

    AMENDMENT
      A

    TERMINATION
      OF LEASE

    

    This
      lease ("Lease"), dated, for reference purposes only December 15, 2004, is made
      by and between Oak Ridge Technical Center Partners-One, LP ("Landlord") whose
      address for purposes hereof is c/o Cowperwood Company, 245 Commerce Green Blvd.,
      Suite 140, Sugar Land, TX 77478, and Internet Pictures Corporation, ("Tenant").
      Tenant's address for purposes hereof until commencement of the term of this
      Lease is 1009 Commerce Park Drive., Suite 400, Oak Ridge, TN 37830, and
      thereafter shall be Suite No. 100 in the Building (hereinafter defined) located
      at 1055 Commerce Park Drive, Oak Ridge, TN 37830; said Lease Agreement beginning
      on the 9th day of April, 2005, and containing approximately 10,765 net rentable
      square feet of office space situation in the Oak Ridge Technical Center One
      Building in the City of Oak Ridge, Anderson County, Tennessee is hereby amended
      as follows:

    

    Whereas
      Tenant now wishes to terminate the Lease effective March 8, 2006.

    

    Whereas
      Landlord is willing to accept termination of the Lease, subject to the following
      terms and conditions.

    

    Now
      therefore, for and in consideration of the promises contained herein, and other
      good and valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged and confessed, Landlord and Tenant do hereby terminate the Lease
      subject to the following:

     

    
      	
              1.

            	
              Tenant
                hereby agrees to pay to Landlord a one-time, lump-sum payment in
                the
                amount of $198,500.00, due and payable immediately upon final execution
                of
                this Amendment A.

            

    

     

    
      	
              2.

            	
              In
                addition to the above payment, Tenant hereby agrees to pay the
                following:

            

    

     

    
      	·  	
              Tenants
                prorated rent through March 8, 2006 -
                $5,606.91.

            

    

     

    
      	·  	
              Tenants
                prorated Tenant Improvement expense through March 8, 2006 -
                $596.27.

            

    

     

    
      	·  	
              Landlord
                hereby agrees to act as intermediary in the sale of Tenants furniture
                to a
                third party whom wishes to purchase all remaining furniture within
                the
                Premises for $40,000.00 such price having been agreed to by and between
                Tenant and the third party. It is hereby agreed that Landlord will
                receive
                a payment in the amount of $40,000 from UT-Battelle for purchase
                of said
                furniture and deduct said amount from the above payment due from
                Tenant.

            

    

     

    
      	·  	
              All
                such payments are due and payable immediately upon final execution
                of this
                Amendment A.

            

    

     

    Total
      Due From Tenant to Landlord $164,703.18

    

    
      	
              3.

            	
              Upon
                fulfillment of all other obligations recited above, Tenant shall
                have no
                further obligation to Landlord under the lease and Landlord shall
                have no
                further obligation to Tenant.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    AGREED
      AND ACCEPTED:

     

    

      
        	
                Oak
                  Ridge Technical Center Partners-One, LP

                 

              	
                IPIX
                  Corporation

                 

              
	
                By: /s/
                  Jacqueline J. Schlather

              	
                By: /s/
                  Clara M. Conti

              
	 	 
	
                Name: Jacqueline
                  J. Schlather

              	
                Name: Clara
                  M. Conti

              
	 	 
	
                Title: Vice
                  President

              	
                Title: CEO

              
	 	 
	
                Date: March
                  13, 2006

              	
                Date: March
                  9, 2006NN EX 10.30

                                                                                                                                               
                  EXHIBIT
      10.30

     

    CONSENT
      AND AMENDMENT NO. 6 TO CREDIT AGREEMENT

     

    

     

    THIS
      CONSENT AND AMENDMENT NO.
      6 TO CREDIT AGREEMENT AND WAIVER (this "Amendment"), dated as of
      October 3, 2005, is made and entered into on the terms and conditions
      hereinafter set forth, by and among NN, INC., a Delaware corporation
      ("Domestic Borrower"), NN EUROPE ApS, a Denmark limited liability company
      (successor by name change to NN Euroball ApS) ("Euro Borrower"; Domestic
      Borrower and Euro Borrower are sometimes hereinafter individually and
      collectively referred to as the "Borrower"), all subsidiaries (except for
      the Euro Borrower) of the Domestic Borrower who are now or hereafter become
      parties to the Credit Agreement, as hereinafter defined (the "Domestic
      Guarantors"), the several lenders who are now or hereafter become parties to
      the Credit Agreement (the "Lenders"), AMSOUTH BANK, an Alabama state
      bank, individually and as administrative agent for the Lenders (in such
      capacity, the "Administrative Agent"), and SUNTRUST BANK, as
      documentation agent and euro loan agent for the Lenders (in such capacity,
      the
      "Euro Loan Agent").

    

    

    RECITALS:

    

    1. Pursuant
      to that certain Credit
      Agreement dated as of May 1, 2003, by and among the Borrower, the Domestic
      Guarantors, the Administrative Agent, the Lenders and the Euro Loan Agent,
      as
      amended by the certain Amendment No. 1 to Credit Agreement dated August 1,
      2003,
      that certain Amendment No. 2 to Credit Agreement dated March 12, 2004, that
      certain Amendment No. 3 to Credit Agreement and Waiver dated March 31, 2004,
      that certain Amendment No. 4 to Credit Agreement dated November 12, 2004, and
      that certain Amendment No. 5 to Credit Agreement dated March 30, 2005 by and
      among the Borrower, the Domestic Guarantors, the Administrative Agent, the
      Lenders and the Euro Loan Agent (as the same heretofore may have been and/or
      hereafter may be amended, restated, supplemented, extended, renewed, replaced
      or
      otherwise modified from time to time, the "Credit Agreement"), the
      Lenders have agreed to make the Loans available to the Borrower, all as more
      specifically described in the Credit Agreement. Capitalized terms used but
      not
      otherwise defined in this Agreement have the same meanings as in the Credit
      Agreement.

    

    2. The
      parties hereto desire to
      further amend the Credit Agreement in certain respects, as more particularly
      hereinafter set forth.

    

    

    AGREEMENTS:

    

    NOW,
      THEREFORE, for
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto agree as follows:

    

    1. Consent
      to
      Sale of Real Property and Improvements and Application of
      Proceeds. Borrower has indicated its desire to
      sell certain real property and improvements owned by NN Italy and located in
      Pinerolo, Italy (the "Excess Property"). Borrower represents

     

     

    
      
        
        

      

      
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    and
      warrants to Lenders that the Excess Property is no longer used or useful in
      the
      business of Borrower and its Subsidiaries. Borrower expects that the proceeds
      for the sale of the Excess Property will exceed the limits for sales or assets
      set forth in subsection 9.3(d) of the Credit Agreement and further has
      requested that the net proceeds of the sale of the Excess Property be applied
      to
      the Loans in a manner other than as provided by the provisions of subsection
      3.1.3(b) of the Credit Agreement. Lenders hereby consent to the sale of the
      Excess Property in the Fiscal Year ending December 31, 2005, subject to the
      following terms and conditions:

    

    a. The
      aggregate Dollar or Dollar
      Equivalent amount, as applicable, of all sales of assets of the type described
      subsection 9.3(d) in the Fiscal Year ending December 31, 2005 (including
      the sale of the Excess Property) shall not exceed $3,250,000, and all such
      sales
      shall be applied against the $10,000,000 limit in subsection 9.3(d) for
      sales of assets over the term of the Facilities.

    

    b. The
      net proceeds of the sale of
      the Excess Properties shall be applied to outstanding Revolving Loans, first
      applied to Base Rate Loans until the same have been fully repaid, and then
      to
      LIBOR Loans; provided, however, the Commitments shall not be
      reduced by the amount of such prepayment.

    

    2. Consent
      to
      Acquisition of Certain Assets. Borrower has
      indicated its desire for NN Italy and NN Slovakia to acquire certain assets,
      including, without limitation, equipment used in the production of precision
      bearing steel balls owned by SNR Roulements currently located in Annecy, France
      (the "Equipment"). Borrower represents and warrants to Lenders that at the
      time
      of acquisition of the Equipment and after giving Pro Forma Effect thereto and
      to
      any other Asset Acquisition made during the most recent twelve (12) month,
      no
      Default shall have occurred or be continuing or would result therefrom. Borrower
      expects that the costs of the acquisition of the Equipment will exceed the
      limits for Permitted Acquisitions set forth in the definition of Permitted
      Acquisitions and subsection 9.4(g) of the Credit Agreement. Lenders
      hereby consent to the acquisition of the Equipment in the Fiscal Year ending
      December 31, 2005, subject to the following terms and conditions:

    

    a. The
      Aggregate Dollar or Dollar
      Equivalent amount, as applicable, of all Permitted Acquisitions in the Fiscal
      Year ending December 31, 2005 (including the acquisition of the Equipment)
      shall
      not exceed $6,250,000.

    

    b. Pursuant
      to Sections
      8.2.4, Borrower has provided to Administrative Agent evidence of such
      transaction, including, without limitation, a description of the Equipment,
      the
      terms, conditions and purchase price of the Equipment, a compliance certificate,
      financial statements, and any other documentation requested by Administrative
      Agent or Requisite Lenders.

    

    c. Pursuant
      to Section
      8.2.5, within thirty (30) days following the acquisition of the Equipment,
      Borrower will provide to Administrative Agent copies of the executed documents
      evidencing the transaction.

     

     

    
      
        
        

      

      
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    3. Effectiveness.
      This Amendment shall become effective when the Administrative Agent
      shall have received counterparts of signature pages executed by the Borrower,
      the Domestic Guarantors, the Administrative Agent and the Lenders.

    

    4. Representations
      and Warranties of the Borrower and the Guarantors.
      As an inducement to the Administrative Agent, the Euro Loan Agent and the
      Lenders to enter into this Amendment, the Borrower and the Domestic Guarantors
      hereby represent and warrant to the Administrative Agent, the Euro Loan Agent
      and the Lenders that, on and as of the date hereof:

    

    a. The
      representations and
      warranties contained the Credit Agreement and the other Loan Documents are
      true
      and correct, except for (1) representations and warranties that expressly relate
      to an earlier date, which remain true and correct as of said earlier date,
      and
      (2) representations and warranties that have become untrue or incorrect solely
      because of changes permitted by the terms of the Credit Agreement and the other
      Loan Documents, and

    

    b. No
      Default or Event of Default
      has occurred and is continuing.

    

    5. Effect
      of
      Amendment; Continuing Effectiveness of Credit Agreement and Loan
      Documents.

    

    a. Neither
      this Amendment nor any
      other indulgences that may have been granted to the Borrower or any of the
      Domestic Guarantors by the Administrative Agent, the Euro Loan Agent or any
      Lender shall constitute a course of dealing or otherwise obligate the
      Administrative Agent, the Euro Loan Agent or any Lender to modify, expand or
      extend the agreements contained herein, to agree to any other amendments to
      the
      Credit Agreement or to grant any consent to, waiver of or indulgence with
      respect to any other noncompliance with any provision of the Loan
      Documents.

    

    b. This
      Amendment shall constitute
      a Loan Document for all purposes of the Credit Agreement and the other Loan
      Documents. Any noncompliance by the Borrower or any Domestic Guarantor with
      any
      of the covenants, terms, conditions or provisions of this Amendment shall
      constitute an Event of Default. Except to the extend amended hereby, the Credit
      Agreement, the other Loan Documents and all terms, conditions and provisions
      thereof shall continue in full force and effect in all respects.

    

    6. Counterparts.
      This Amendment may be executed in multiple counterparts or copies, each of
      which
      shall be deemed an original hereof for all purposes. One or more counterparts
      or
      copies of this Amendment may be executed by one or more of the parties hereto,
      and some different counterparts or copies executed by one or more of the parties
      hereto, and some different counterparts or copies executed by one or more of
      the
      other parties. Each counterpart or copy hereof executed by any party hereto
      shall be binding upon the party executing same even though other parties may
      execute one or more different counterparts or copies, and all counterparts
      or
      copies hereof so executed shall constitute but one and the same agreement.
      Each
      party hereto, by execution of one or more counterparts or copies hereof,
      expressly authorizes and directs any other party hereto to detach the signature
      pages and any corresponding acknowledgment, attestation, witness or similar
      pages relating thereto from any such counterpart or copy hereof executed by
      the
      authorizing party and affix same to one or more other identical counterparts
      or
      copies hereof so that upon execution of multiple counterparts or copies hereof
      by all parties hereto, there shall be one or more counterparts or copies hereof
      to which is(are) attached signature pages containing signatures of all parties
      hereto and any corresponding acknowledgment, attestation, witness or similar
      pages relating thereto.

     

     

    
      
        
        

      

      
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    7. Miscellaneous.

    

    a. This
      Amendment shall be
      governed by, construed and enforced in accordance with the laws of the State
      of
      Tennessee, without reference to the conflicts or choice of law principles
      thereof.

    

    b. The
      headings in this Amendment
      and the usage herein of defined terms are for convenience of reference only,
      and
      shall not be construed as amplifying, limiting or otherwise affecting the
      substantive provisions hereof.

    

    c. Any
      reference herein to any
      instrument, document or agreement, by whatever terminology used, shall be deemed
      to include any and all amendments, modifications, supplements, extensions,
      renewals, substitutions and/or replacements thereof as the context may
      require.

    

    d. When
      used herein, (1) the
      singular shall include the plural, and vice versa, and the use of the masculine,
      feminine or neuter gender shall include all other genders, as appropriate,
      (2)
      "include", "includes" and "including" shall be deemed to be followed by "without
      limitation" regardless of whether such words or words of like import in fact
      follow same, and (3) unless the context clearly indicates otherwise, the
      disjunctive "or" shall include the conjunctive "and."

    

    

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

    

    

    

    BORROWER:   NN,
      INC.,            a
      Delaware corporation

    

    

    By:  
/s/Roderick
      R.
      Baty

    Name:
      Roderick R. Baty

    Title:
      Chief Executive Officer

    

    NN
      EUROPE ApS, a Denmark
      limited liability company

    (successor
      by name change to NN Euroball
      ApS)

    

    

    
      By:  
/s/William
        C. Kelly,
        Jr.

      Name: William
        C. Kelly, Jr.

      Title: Director

    

    

    DOMESTIC
      GUARANTORS: INDUSTRIAL MOLDING GP,
      LLC,

    a
      Delaware limited liability
      company

    

    

    
      By:  
/s/Roderick
        R.
        Baty

      Name:
        Roderick R. Baty

      Title:
        Chief Executive
        Officer

    

    

    INDUSTRIAL
      MOLDING LP,
      LLC,

    a
      Tennessee limited liability
      company

    

    

    

    
      By:  
/s/William
        C. Kelly,
        Jr.

      Name: William
        C. Kelly, Jr.

      Title: Manager

    

    

    

    [Signatures
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    INDUSTRIAL
      MOLDING GROUP,
      L.P.,

    a
      Tennessee limited partnership

    

    By: Industrial
      Molding GP, LLC, a Delaware
      limited

    liability
      company, its general
      partner

    

    
      By:  
/s/Roderick
        R.
        Baty

      Name:
        Roderick R. Baty

      Title: Manager

    

    DELTA
      RUBBER
      COMPANY,

    a
      Connecticut corporation

    

    

    
      By:  
/s/Paul
        N.
        Fortier

      Name: Paul
        N. Fortier

      Title: V.P./General
        Manager

    

    

    

    KUGELFERTIGUNG
      ELTMANN
      GmbH,

    a
      German Company

    

    

    
      By:  
/s/Dick
        Offergeld

      Name: Dick
        Offergeld

      Title: Managing
        Director

        By:  
/s/Wolfgang
          Bartel

        Name: Wolfgang
Bartel

        Title: Managing
          Director

      

    

    

    

    
       

    

    NN
      NETHERLANDS
      B.V.,

    a
      Dutch company

    

    
      

      
        By:  
/s/William
          C. Kelly,
          Jr.

        Name: William
          C. Kelly, Jr.

        Title: Director

      

    

    

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    NN
      EUROBALL IRELAND LIMITED

    an
      Irish
      company

    

    

    
      By:  
/s/Roderick
        R.
        Baty

      Name:
        Roderick R. Baty

      Title: Director

    

    NN
      HOLDINGS, B.V.,

    a
      Dutch
      company

    

    

    
      By:  
/s/William
        C. Kelly,
        Jr.

      Name: William
        C. Kelly, Jr.

      Title: Director

    

    

    NN
      SLOVAKIA, s.r.o.

    

    

    
      By:  
/s/William
        C. Kelly,
        Jr.

      Name: William
        C. Kelly, Jr.

      Title: Director

    

    

    LENDERS:    AMSOUTH
      BANK, as
      a
      Lender

    

    

    
      By:  
/s/Robert
        T.
        Page

      Name: Robert
        T. Page

      Title: Vice
        President

    

    

    FIRST
      TENNESSEE BANK NATIONAL

    ASSOCIATION,
      as
      a
      Lender

    

    

    
      By:  
/s/Vincent
        K. Hickam

      Name: Vincent
        K. Hickam

      Title: Executive
        Vice
        President

    

    

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    REGIONS
      BANK
      (successor to UNION PLANTERS

    BANK,
      NATIONAL ASSOCIATION), as a Lender

    

    

    
      By:  
/s/Carol
        S. Geraghty

      Name: Carol
        S. Geraghty.

      Title: Vice
        President

    

    

    INTEGRA
      BANK, N.A., as
      a
      Lender

    

    

    
      By:  
/s/Jeffrey
        D. Jackson

      Name: Jeffrey
        D. Jackson

      Title: Senior
        Vice
        President

    

    

    SUNTRUST
      BANK,
      as a
      Lender and Euro Loan Agent

    

    
      By:  
/s/Robert
        C. Chadwell

      Name: Robert
        C. Chadwell

      Title: Vice-President

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