Document:

Exhibit
10.2

 

CHANGE OF CONTROL AGREEMENT

 

AGREEMENT by
and between Tetra Tech, Inc., a Delaware
corporation (the “Company”), and
                        
(the “Executive”), dated as of {Date}.

 

WHEREAS the Executive is an officer and key member
of the Company’s management;

 

WHEREAS the Board of Directors of the Company (the “Board”),
has determined that it is in the best interests of the Company and its shareholders
to assure the continued dedication of the Executive to the Company,
notwithstanding the possibility, threat or occurrence of a Change of Control
(as defined below);

 

WHEREAS the Board believes it is imperative to (a) diminish
the inevitable distraction of the Executive by virtue of the personal
uncertainties and risks created by a threatened or pending Change of Control, (b) encourage
the Executive’s full attention and dedication to the Company currently and in
the event of any threatened or pending Change of Control, and (c) preserve
the Executive’s impartial judgment in the event of any threatened or pending
Change of Control;

 

WHEREAS this Agreement is not intended to alter
materially the compensation, benefits or terms of employment that the Executive
could reasonably expect in the absence of a Change of Control, but is intended
to encourage and reward the Executive’s compliance with the wishes of the Board
whatever they may be in the event that a Change of Control occurs or is
threatened.

 

NOW, THEREFORE, in order to accomplish these
objectives and in consideration of the mutual agreements, provisions, and
covenants contained herein, and intending to be legally bound hereby, the Board
has authorized the Company to enter into this Agreement as follows:

 

1.                                      Term.
This Agreement shall terminate on {Insert date: five years
from effective date}. Notwithstanding the foregoing, in no event
shall the Term expire before the second anniversary of a Change of Control that
occurs during the Term. The initial term of this Agreement, as it may be extended
as provided for under this Section 1, is herein referred to as the “Term.”

 

2.                                      Duties. The Executive
agrees that, subject to the Executive’s fiduciary duties to the Company and its
shareholders, the Executive will exercise the Executive’s best efforts to bring
about whatever result the Board determines to be in the best interests of the
Company and its shareholders relative to any impending Change of Control (i.e.,
to help resist any such impending Change of Control if the Board determines
that to be in the best interests of the Company and its shareholders, and to
bring about such Change of Control if the Board determines that to be the preferable
alternative). The Executive agrees to use the Executive’s best efforts at and
after the occurrence of a Change of Control to effect an orderly and beneficial
transfer of control to the party or parties comprising the new control group.

 

 

3.                                      Change of Control as a
Condition Precedent. No amount or benefit shall be payable under the terms of this Agreement
unless there shall have been a Change of Control that is actually consummated. A
“Change of Control” shall mean the first of the following to occur:

 

(a)                                  The purchase or other acquisition by any
Person (as defined below), directly or indirectly, of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of
the Company’s securities not including the securities beneficially owned by
such Person or any securities acquired directly from the Company or its
Affiliates representing 50 percent or more on a single date or during any 12
month period of the combined voting power of the Company’s then outstanding
voting securities entitled to vote generally in the election of the Board;
provided, however, that if any Person has satisfied this requirement, the
acquisition of additional Company securities by the same Person shall be
construed as not triggering a Change of Control; and provided further, however,
that an increase in the percentage of voting securities owned by any Person as
a result of a transaction in which the Company acquires its voting securities
in exchange for property shall not be treated as an acquisition of the Company’s
voting securities for purposes of this Section 3(a);

 

(b)                                 The consummation of a reorganization,
merger, or consolidation of the Company, if the Company’s shareholders, in
combination with any trustee or other fiduciary acquiring voting securities
under an employee benefit plan of the Company or an Affiliate as part of such
transaction, do not, immediately thereafter, own more than 50 percent of the
combined voting power of the reorganized, merged or consolidated Company’s then
outstanding securities that is entitled to vote generally in the election of
the directors; provided, however, that a merger or consolidation effected to
implement a recapitalization of the Company (or similar transaction) in which
no Person acquires more than 50 percent of the combined voting power of the
Company’s then outstanding securities shall not be a Change of Control under
this Section 3(b);

 

(c)                                  During any period of two consecutive
years, individuals who, as of the beginning of such period, constitute the
Board (the “Incumbent Board”) cease to constitute at least a majority of the
Board  (unless the reason for no longer
constituting a majority of the Board is because one or more directors is not
re-elected because of a failure to satisfy majority voting requirements in the
Company’s charter, bylaws or applicable policy); provided, that any person
becoming a director of the Company subsequent to the beginning of such period
whose election, or nomination for election by the Company’s shareholders, was
approved by a vote of at least a majority of the directors then comprising the
Incumbent Board shall be considered as though such individual were a member of
the Incumbent Board, but excluding, for this purpose, any such individual whose
initial assumption of office occurs as a result of either an actual or
threatened election contest, including, but not limited to, a consent solicitation
relating to the election of directors of the Company and whose appointment or
election was not approved by at least a majority of the directors of the
Company in office immediately before any such contest; or

 

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(d)                                 The consummation of the sale or disposition
by the Company of all or substantially all of the Company’s assets, other than
a sale or disposition by the Company of all or substantially all of the Company’s
assets to an entity where the outstanding securities generally entitled to vote
in the election of directors of the Company immediately prior to the
transaction continue to represent (either by remaining outstanding or by being
converted into such securities of the surviving entity or any parent thereof)
50 percent or more of the combined voting power of the outstanding voting
securities of such entity generally entitled to vote in such entity’s election
of directors immediately after such sale.

 

Notwithstanding the
foregoing, in no event may there by more than one transaction or occurrence
treated as a “Change of Control” for purposes of this Agreement. For purposes
of Section 3, the following terms shall have the following meanings:

 

“Affiliate” means any
entity that directly or indirectly through one or more intermediaries,
controls, is controlled by or is under common control with the Company as
determined by the Board in its discretion.

 

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

 

“Person” shall have the
meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act;
provided, however, that Person shall exclude (i) the Company or any of its
Affiliates, (ii) any trustee or other fiduciary holding securities under
an employee benefit plan of the Company or any of its Affiliates, (iii) an
underwriter temporarily holding securities pursuant to an offering of such
securities, and (iv) any corporation owned directly or indirectly, by the
shareholders of the Company in substantially the same proportion as their
ownership of stock of the Company.

 

4.                                      Employment
Period.  In the event of a Change of Control, the Company
agrees to continue the Executive in its employ, and the Executive agrees to
remain in the employ of the Company, in each case subject to the terms and
conditions of this Agreement, for the period commencing on the Change of
Control and ending on the second anniversary of such date (the “Employment
Period”). Nothing in this Agreement shall be deemed to prevent the Executive
from remaining in the employ of the Company or any successor beyond the
Employment Period either on the terms and conditions set forth herein or on
others that may be mutually agreed upon.

 

5.                                      Stock
Options and Restricted Stock Awards. Upon the occurrence of a
Change of Control, subject to the Executive remaining employed by the Company
on such date, all outstanding stock option awards shall vest in full and any
restrictions or forfeiture provisions applicable to restricted stock awards
shall lapse; provided, however, that if the Executive’s employment is terminated
Other Than For Cause under the circumstances described in Section 6(d)(ii),
any stock option and restricted stock awards held by the Executive that were
unvested at the time of such termination shall become fully vested upon the
occurrence of a Change of Control and shall be terminated in exchange for a
payment determined under the procedures set forth in Section 2.3(b) of
the Tetra Tech, Inc. 2005 Equity Incentive Plan. The

 

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lapse of such vesting, forfeiture,
or other restrictions described in this Section 5 shall take place
regardless of the satisfaction of any performance criteria. The Change of
Control shall not extend the term or exercise period of any stock option. In
the event of any conflict between the terms of this Agreement and the terms of
any equity plan or individual agreement evidencing an equity award, the terms
of this Agreement (including, but not limited to, the definition of “Change of
Control”) shall govern. For avoidance of doubt, the unvested portion of any
stock option or restricted stock awards held by the Executive prior to a Change
of Control shall not be forfeited solely due to the Executive’s termination of
employment Other Than For Cause to the extent required to provide the Executive
with the benefits set forth in this Section 5.

 

6.                                      Termination
of Employment.

 

(a)                                  Death/Disability. The Executive’s
employment shall terminate automatically upon the Executive’s death and may be
terminated by the Company due to the Executive’s Disability. For purposes of
this Agreement, “Disability” shall mean either that (i) the Executive is
unable to engage in substantial gainful activity hereunder by reason of any
medically determinable physical or mental impairment that can be expected to
result in death or can be expected to last for a continuous period of not less
than 12 months or (ii) the Executive is, by reason of any medically
determinable physical or mental impairment that can be expected to result in
death or can be expected to last for a continuous period of not less than 12
months, receiving income replacement benefits for a period of not less than
three months under an accident and health plan covering employees of the
Company. The Company shall determine in good faith whether the Executive has
become Disabled. In no event shall the Company be obligated to terminate the
Executive’s employment if the Executive suffers a Disability.

 

(b)                                 Cause. The Company
may terminate the Executive’s employment during the Employment Period for Cause.
For purposes of this Agreement, “Cause” shall mean:

 

(i)                                     The willful and
continued failure of the Executive to perform substantially the Executive’s
duties with the Company or one of its affiliates (other than any such failure
resulting from incapacity due to physical or mental illness), after a written
demand for substantial performance is delivered to the Executive by the Board
or the Company’s chief executive officer that specifically identifies the
manner in which the Board  or chief executive
officer believes that the Executive has not substantially performed the Executive’s
duties, or

 

(ii)                                  The willful
engaging by the Executive in illegal conduct or gross misconduct that is
materially and demonstrably injurious to the Company.

 

(iii)                               For purposes of
this provision, no act or failure to act, on the part of the Executive, shall
be considered “willful” unless it is done, or omitted to be done, by the Executive
in bad faith or without reasonable belief that the Executive’s action or
omission was in the best interests of the Company. Any act, or failure to act,
based upon authority given pursuant to a resolution duly adopted by the Board
or upon the instructions of the Company’s chief executive officer or a senior
officer of the Company  or based upon
the

 

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advice of legal counsel for
the Company shall be conclusively presumed to be done, or omitted to be done,
by the Executive in good faith and in the best interests of the Company.

 

(c)                                  Good
Reason. The Executive may terminate employment during the Employment Period for
Good Reason. For purposes of this Agreement, “Good Reason” shall
mean:

 

(i)                                     A material
diminution of the Executive’s base salary, annual bonus opportunity, or both;
or

 

(ii)                                  A material
diminution in the Executive’s authority, duties, or responsibilities; or

 

(iii)                               A material
diminution in the authority, duties, or responsibilities of the supervisor to
whom the Executive is required to report; or

 

(iv)                              A material
diminution in the budget over which the Executive retains authority; or

 

(v)                                 A material
change in the geographic location at which the Executive must perform the
services.

 

For the avoidance of doubt,
the term “supervisor” for purposes of Section 6(c)(iii) refers to the
position that the Executive reports to, as opposed to any specific individual;
a change in the individual serving in the position as a “supervisor” shall not,
by itself, constitute “Good Reason.”

 

The Executive may not
terminate employment for Good Reason unless: (x) the Executive has
provided the Company with notice of the occurrence of the Good Reason condition
described in subsection (i)-(v) within sixty (60) days of the initial
existence thereof; and (y) the Company has been provided with thirty (30)
days to remedy such Good Reason condition and has failed to remedy such
condition. The Executive’s employment shall be deemed to have been terminated
following a Change of Control by the Executive for Good Reason if the Executive
terminates the Executive’s employment prior to a Change of Control with Good
Reason if a Good Reason condition occurs at the direction of a person or entity
who has entered into an agreement with the Company the consummation of which
will constitute a Change of Control.

 

(d)                                 Other
Than For Cause. The Company shall have the right to terminate the
Executive’s employment during the Employment Period for any reason not
described in Section 6(a) or (b) above upon thirty (30) days’
prior written notice to the Executive and such termination shall be referred to
herein as a termination “Other Than For Cause.” 
The Executive’s employment shall be deemed to have been terminated
following a Change of Control by the Company Other Than For Cause if (i) the
Executive resigns following a request by the Company to terminate the Executive’s
employment on or after a Change of Control, or (ii) the Company terminates the Executive’s employment
Other Than For Cause within the

 

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ninety (90) day period immediately prior to the
execution of a definitive agreement the consummation of which actually results
in such Change of Control.

 

(e)                                  Notice
of Termination. Any termination by the Company for Cause or for
Other Than For Cause, or by the Executive for Good Reason, shall be
communicated by Notice of Termination to the other party hereto in accordance
with Section 17(b) of this Agreement. For purposes of this Agreement,
a “Notice of Termination” means a written notice that: (i) indicates the
specific termination provision in this Agreement relied upon, (ii) to the
extent applicable, sets forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive’s employment under
the provision so indicated and (iii) if the Date of Termination (as
defined below) is other than the date of receipt of such notice, specifies the
termination date (which date shall be not more than thirty (30) days after the
giving of such notice). The failure by the Executive or the Company to set
forth in the Notice of Termination any fact or circumstance that contributes to
a showing of Good Reason or Cause shall not waive any right of the Executive or
the Company, respectively, hereunder or preclude the Executive or the Company,
respectively, from asserting such fact or circumstance in enforcing the
Executive’s or the Company’s rights hereunder.

 

(f)                                    Date
of Termination. “Date of Termination” means (i) if the
Executive’s employment is terminated by reason of death or Disability, the date
of the Executive’s death or the date the Company terminates the Executive as a
result of the Executive’s Disability, as the case may be, (ii) if the
Executive’s employment is terminated by the Company for Cause, or by the
Executive for Good Reason, the date of receipt of the Notice of Termination or
any later date specified therein, as the case may be, and (iii) if the
Executive’s employment is terminated by the Company Other Than For Cause, the
Date of Termination shall be thirty (30) days after the date on which the
Company notifies the Executive of such termination, or if the Company chooses
to pay the Executive thirty (30) days of base salary in lieu of providing such
30-day notice, the date on which the Company notifies the Executive of such
termination.

 

7.                                      Obligations
of the Company Upon Termination.

 

(a)                                  Good
Reason, Other Than for Cause. If, during the Employment
Period, the Company terminates the Executive’s employment Other Than For Cause
or the Executive terminates employment for Good Reason under Section 6(c) above,
the Company shall pay to the Executive the following amounts:

 

(i)                                     A cash lump sum
payment equal to  one times the sum of (x) the
Executive’s annual base salary and (y) the Executive’s target bonus for
the year of termination (without regard to any reduction that gave rise to Good
Reason), regardless of actual performance;

 

(ii)                                  A cash lump sum
payment equal to the product of (x) the Executive’s target bonus for the
year of termination (without regard to any reduction that gave rise to Good
Reason), regardless of actual performance, and (y) a fraction, the
numerator of which is

 

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the number of days in the
current fiscal year through the Date of Termination, and the denominator of
which is 365; and

 

(iii)                               For the one
year period immediately following the Date of Termination, the Company shall
arrange to provide the Executive and his dependents medical benefits
substantially similar to those provided to the Executive and his dependents
immediately prior to the Date of Termination at no greater cost to the
Executive than the cost to the Executive immediately prior to such date or
occurrence. To the
extent COBRA continuation coverage eligibility expires before the end of
the medical benefit continuation period under this Section 7(a)(iii),
the Executive will receive payment, on an after-tax basis (based on the highest
applicable marginal rate of federal, state and local income and employment
taxes) of an amount equal to the premium the Company would have otherwise
contributed to COBRA coverage under this Section 7(a)(iii). Benefits
otherwise receivable by the Executive pursuant to this Section 7(a)(iii) shall
be reduced to the extent benefits of the same type are received by or made
available by a subsequent employer to the Executive during the one year  period following the Date of Termination (and any such
benefits received by or made available to the Executive shall be reported to
the Company by the Executive); provided, however, that the Company shall
reimburse the Executive for the excess, if any, of the cost of such benefits to
the Executive over such cost immediately prior to the Date of Termination. Any
such reimbursement under this Section 7(a)(iii) shall be made
promptly in accordance with Company policy, but in any event on or before the
last day of the Executive’s taxable year following the taxable year in which
the expense or cost was incurred. In no event shall the amount that the Company
pays for any such benefit in any one year affect the amount that it will pay in
any other year and in no event shall the benefits described in this Section 7(a)(iii) be
subject to liquidation or exchange.

 

The lump sum payments
described in this Section 7(a) shall be paid upon the Executive’s “separation
from service” under Section 409A of the Internal Revenue Code of 1986, as
amended (the “Code”), subject to compliance with Section 11. To the extent required to avoid adverse
tax consequences under Section 105(h) of
the Code, the Company’s payments under this Section 7(a)(iii) will
be recognized by the Executive in his taxable income (the “Covered Payments”)
and the Executive will receive, in addition, a “gross-up”
payment covering the tax liability attributable to such
recognized income. The “gross-up” payment shall be
determined by (i) dividing the Covered Payments by the amount obtained by
subtracting from 1.0 the highest applicable marginal rate of Federal,
state, and local income and employment taxation, respectively, for the calendar
year in which the “gross up” payment is made; and (ii) subtracting from
such quotient the Covered Payments.  This tax gross-up payment shall be
made at the same time as required premium payments by the Company.

 

(b)                                 Death,
Disability. If, during the Employment
Period, the Executive’s employment is terminated as a result of his death or by
the Company due to the Executive’s Disability, the Company shall pay to the
Executive in cash the product of (x) the Executive’s target bonus for the
year of termination, regardless of actual performance, and (y) a fraction,
the numerator of which is the number of days in the current fiscal year through
the Date of Termination, and the denominator of which is 365.

 

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(c)                                  Other
Termination of Employment. If the Executive’s
employment is terminated for any reason other than as described in Sections 7(a) or
(b) above, except as specifically provided in subsection (d) below,
this Agreement shall terminate without further obligations to the Executive hereunder.

 

(d)                                 Accrued
Amounts. Upon a termination of employment for any reason, the Company shall pay
or provide the Executive (i) any unpaid base salary through the date of
termination and any accrued vacation in accordance with Company policy within
thirty (30) days after employment termination; (ii) reimbursement for any
unreimbursed expenses incurred through the date of termination; and (iii) all
other payments and benefits to which the Executive may be entitled under the
terms of any applicable compensation arrangement or benefit, equity or perquisite
plan or program or grant or this Agreement, including but not limited to any
applicable pension, retirement and insurance benefits (collectively, “Accrued
Amounts”).

 

8.                                      Non-Exclusivity
of Rights. Nothing in this Agreement shall prevent or limit
the Executive’s continuing or future participation in any plan, program, policy
or practice provided by the Company or any of its affiliated companies and for
which the Executive may qualify, nor shall anything herein limit or otherwise
affect such rights as the Executive may have under any contract or agreement
with the Company or any of its affiliated companies, except that all payments
and benefits made under this Agreement are made in lieu of any other severance
compensation or benefits to which the Executive may otherwise be entitled under
any plan, program, policy or arrangement of the Company (which compensation and
benefits the Executive hereby expressly waives to the extent the Executive
receives the compensation and benefits provided for hereunder). Amounts that are
vested benefits or that the Executive is otherwise entitled to receive under
any plan, policy, practice or program of, or any contract or agreement with,
the Company or any of its affiliated companies at or subsequent to the Date of
Termination shall be payable in accordance with such plan, policy, practice or
program or contract or agreement except as explicitly modified by this Agreement.

 

9.                                      Full
Settlement, Mitigation. Except as provided in Section 7(a)(iii) and
Section 11(b), the Company’s obligation to make the payments provided for
in this Agreement and otherwise to perform its obligations hereunder shall not
be affected by any set-off, counterclaim, recoupment, defense or other claim,
right or action that the Company may have against the Executive or others. In
no event shall the Executive be obligated to seek other employment or take any
other action by way of mitigation of the amounts payable to the Executive under
any of the provisions of this Agreement and, except as provided in Section 7(a)(iii),
such amounts shall not be reduced whether or not the Executive obtains other
employment.

 

10.                               Certain
Additional Payments by the Company.

 

(a)                                  Excess
Parachute Payments. In the event it shall be determined that
any payment or distribution by the Company to or for the benefit of the
Executive (whether paid or payable or distributed or distributable pursuant to
the terms of this Agreement or otherwise)

 

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(a “Payment” and
collectively “Total Payments”) would be subject to the excise tax imposed by Section 4999
of the Code (or would be within $1,000 of triggering such excise tax), then
Total Payments shall be reduced (but not below zero) so that the maximum amount
of Total Payments (after reduction) shall be $1,000 less than the amount that
would cause the Total Payments to be subject to the excise tax imposed by Section 4999
of the Code (as so reduced, the “280G Limitation Amount”). Notwithstanding the
foregoing, if the Executive would be better off by at
least $50,000 on an after-tax basis after taking into
account all taxes (including but not limited to the Section 4999 excise
tax) receiving the full amount of Total Payments as opposed to the 280G
Limitation Amount the Executive shall receive the full amount of Total Payments
without reduction. References to Section 4999 of the Code shall include
any successor provision or any similar excise tax. The Executive shall not be
entitled to an increased payment from the Company for any excise, additional,
or other tax, penalty, or interest as a result of this Agreement. Any payment
reductions under this subsection (a) shall be made first from cash payments.

 

(b)                                 Consultant. All
determinations required to be made under this Section 10, including
whether and when Total Payments should or should not be reduced and the assumptions
to be utilized in arriving at such determination, shall be made by a “Consulting
Firm,” which shall be
a law firm, a certified public accounting firm, and/or a firm of recognized
executive compensation consultants selected by the Company. The
Consulting Firm shall provide detailed supporting calculations regarding such
determination both to the Company and the Executive within fifteen (15)
business days of the receipt of notice from the Executive that there has been a
Payment, or such earlier time as is requested by the Company. All fees and
expenses of the Consulting Firm shall be borne solely by the Company. Any
determination by the Consulting Firm shall be binding upon the Company and the
Executive, and no later determination shall obligate the Company to make any
payment or adjustment to the Total Payments made to the Executive.

 

11.                               Conditions
to Payments and Benefits.

 

(a)                                  The Executive’s
entitlement to receive the payments and benefits hereunder shall be conditioned
upon:

 

(i)                                     the Executive
having complied to the best of the Executive’s abilities with the commitments
contained in Section 2;

 

(ii)                                  delivery to the
Company of an executed agreement and general release, which shall be executed
substantially in the form attached hereto as Exhibit A (with such changes
therein or additions thereto as needed under then applicable law to give effect
to its intent and purpose) within twenty one (21) days of presentation thereof
by the Company to the Executive; and

 

(iii)                               delivery to the
Company of a resignation from all offices, directorships and fiduciary
positions with the Company, its affiliates and employee benefit plans.

 

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(b)                                 If the
Executive fails to materially comply with any obligation or covenant under Section 2
or is subsequently determined to have terminated employment for Cause under Section 6(b) above,
the Company’s obligations to make any payments or provide any benefits or other
rights or entitlements to Executive pursuant to any provision of this Agreement
shall immediately cease and Executive shall be required to immediately repay to
the Company all amounts theretofore paid or otherwise provided to Executive
pursuant to any section of this Agreement. The Company may recover amounts
under this Section 11(b) by set-off from any amounts otherwise due to
Executive under any other plan, program or arrangement if the Executive fails
to make any required repayment within 15 business days after written demand to
the Executive.

 

12.                               Confidential
Information. The Executive shall hold in a fiduciary capacity
for the benefit of the Company all secret or confidential information, knowledge
or data relating to the Company or any of its affiliated companies, and their
respective businesses, which shall have been obtained by the Executive during
the Executive’s employment by the Company or any of its affiliated companies
and which shall not be or become public knowledge (other than by acts by the
Executive or representatives of the Executive in violation of this Agreement). After
termination of the Executive’s employment with the Company, the Executive shall
not, without the prior written consent of the Company or as may otherwise be
required by law or legal process (provided that the Executive provides the Company
with prior notice of the contemplated disclosure and reasonably cooperates with
the Company at its expense in seeking a protective order or other appropriate
protection of such information), communicate or divulge any such information,
knowledge or data to anyone other than the Company and those designated by it.

 

13.                               Successors.

 

(a)                                  This Agreement
is personal to the Executive and without the prior written consent of the
Company shall not be assignable by the Executive otherwise than by will or the
laws of descent and distribution. This Agreement shall inure to the benefit of
and be enforceable by the Executive’s legal representatives.

 

(b)                                 This Agreement
shall inure to the benefit of and be binding upon the Company and its
successors and assigns.

 

(c)                                  The Company
will require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company to assume expressly and agree to perform this Agreement
in the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place. As used in this Agreement, “Company”
shall mean the Company as defined and any successor to its business and/or
assets as aforesaid that assumes and agrees to perform this Agreement by
operation of law, or otherwise.

 

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14.                               Disputes.

 

(a)                                  Any dispute or
controversy arising under or in connection with this Agreement may, at the
Executive’s election, be settled by arbitration, conducted before a panel of
three arbitrators in Pasadena, California  in accordance
with the rules of the American Arbitration Association then in effect. Judgment
may be entered on the arbitrator’s award in any court having jurisdiction.

 

(b)                                 The Company
agrees to pay as incurred, to the full extent permitted by law, all legal fees
and expenses that the Executive may reasonably incur as a result of any contest
(regardless of the outcome) by the Company, the Executive or others of the
validity or enforceability of, or liability under, any provision of this
Agreement or any guarantee of performance thereof (including as a result of any
contest by the Executive about the amount of any payment pursuant to this
Agreement), plus in each case, interest on any delayed payment at the applicable
Federal rate provided for in Section 7872(f)(2)(A) of the Code; provided, however, that the Company shall have no obligation
to reimburse the Executive for, or pay on behalf of the Executive’s account,
any fees or expenses that the Executive incurs in connection with a contest
initiated by the Executive that is found by a court of competent jurisdiction
or arbiter, as applicable, to be frivolous. In this circumstance, if the Company
has previously paid any fees or expenses, the Executive shall promptly repay to
the Company the amount of such fess and expenses.

 

15.                               Amendment.  No provision of
this Agreement may be amended, modified or waived unless such amendment,
modification or waiver shall be authorized by the Board or any authorized
committee of the Board and shall be agreed to in writing, signed by the
Executive and by an officer of the Company thereunto duly authorized;  provided, however, that either
the Board or the applicable committee may amend this Agreement at any time as
necessary to comply with applicable laws and regulations without the Executive’s
written consent prior to a Change of Control; provided,
further, however, that (1) the Company’s unilateral power to amend
this Agreement shall be limited to technical, ministerial, and regulatory
requirements generally applicable to all public company officers, and (2) no
such amendment would constitute Good Reason as presently defined by this Agreement.

 

16.                               Cooperation. The Executive agrees to reasonably
cooperate with the Company at any times in any internal investigation, any
administrative, regulatory or judicial investigation or proceeding or any
dispute with a third party as reasonably requested by the Company (including,
without limitation, the Executive being available to the Company upon reasonable
notice and at reasonable times for interviews and factual investigations,
appearing at the Company’s request upon reasonable notice and at reasonable
times to give testimony without requiring service of a subpoena or other legal
process, delivering to the Company requested information and relevant documents
which are or may come into the Executive’s possession, all at times and on
schedules that are reasonably consistent with the Executive’s other permitted
activities and commitments). The obligations under this Section shall
survive expiration of this Agreement. If the Executive’s cooperation under this
Section is requested after the Executive’s termination of employment, the
Company shall (i) provide the Executive reasonable

 

11

 

advance notice after giving due consideration to the
Executive’s then current employment obligations, and (ii) reimburse the
Executive for all reasonable travel expenses and other reasonable out-of-pocket
expenses upon submission of receipts.

 

17.                               Miscellaneous.

 

(a)                                  This Agreement
shall be governed by and construed in accordance with the laws of the State of
California, without reference to principles of conflict of laws. The captions
of this Agreement are not part of the provisions hereof and shall have no force
or effect. This Agreement may not be amended or modified other than by a
written agreement executed by the parties hereto or their respective successors
and legal representatives.

 

(b)                                 All notices and
all other communications hereunder shall be in writing and shall be deemed to
have been duly given (i) on the date of delivery if delivered by hand, (ii) on
the date of transmission, if delivered by confirmed facsimile, (iii) on
the first business day following the date of deposit if delivered by guaranteed
overnight delivery service, or (iv) on the fourth business day following
the date delivered or mailed by United States registered or certified mail,
return receipt requested, postage prepaid, addressed as set forth below:

 

	
  To the Executive:

  	
   

  	
  To the Company:

  
	
   

  	
   

  	
   

  
	
  {Address of Executive}

  	
   

  	
  Tetra Tech, Inc.

  3475 East Foothill Boulevard

  Pasadena, CA 91107

  Attention: Janis B. Salin, Esq.

  General Counsel

  

  Fax:                                              

  

 

or to such other address as
either party shall have furnished to the other in writing in accordance
herewith.

 

(c)                                  The Company and
the Executive intend that the benefits and payments described in this Agreement
shall comply with, or be exempt from, the requirements of Section 409A of
the Code. The Company shall in no event be obligated to indemnify the Executive
for any taxes or interest that may be assessed by the Internal Revenue Service
pursuant to Section 409A of the Code.

 

(d)                                 The invalidity
or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement.

 

(e)                                  This Agreement
may be executed in one or more counterparts (including via facsimile), each of
which shall be deemed to be an original, but all of which together shall
constitute one and the same instrument and shall become effective when one or
more counterparts have been signed by each of the parties and delivered to the
other parties.

 

12

 

(f)                                    The Company may
withhold from any amounts payable under this Agreement such Federal, state,
local or foreign taxes required to be withheld pursuant to any applicable law
or regulation.

 

(g)                                 The Executive’s
or the Company’s failure to insist upon strict compliance with any provision
hereof or any other provision of this Agreement or the failure to assert any
right the Executive or the Company may have hereunder, including, without
limitation, the right of the Executive to terminate employment for Good Reason
pursuant to Section 6(c)(i)-(v) of this Agreement, shall not be
deemed to be a waiver of such provision or right or any other provision or
right of this Agreement.

 

(h)                                 The language
used in this Agreement will be deemed to be the language chosen by the parties
hereto to express their mutual intent, and no rule of strict construction
will be applied against any party hereto. Neither the Executive nor the Company
shall be entitled to any presumption in connection with any determination made
hereunder in connection with any arbitration, judicial or administrative
proceeding relating to or arising under this Agreement.

 

(i)                                     The Executive
represents and warrants to the Company that the Executive has the legal right
to enter into this Agreement and to perform all of the obligations on the
Executive’s part to be performed hereunder in accordance with its terms and
that the Executive is not a party to any agreement or understanding, written or
oral, which could prevent the Executive from entering into this Agreement or
performing all of the Executive’s obligations hereunder.

 

(j)                                     The Executive
and the Company acknowledge that this Agreement supersedes all prior agreements
covering the subject matter hereof, and, except as may otherwise be provided
under any other written agreement between the Executive and the Company, the
employment of the Executive by the Company is “at will” and, prior to the
Effective Date, the Executive’s employment and this Agreement may be terminated
by either the Executive or the Company at any time prior to the Effective Date,
in which case the Executive shall have no further rights under this Agreement. From
and after the date hereof, this Agreement shall supersede any other agreement
between the parties with respect to the subject matter hereof.

 

13

 

IN
WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant
to the authorization from its Board of Directors, the Company has caused these
presents to be executed in its name on its behalf, all as of the day and year
first above written.

 

 

	
   

  	
   

  	
  TETRA TECH, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Executive’s Name

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  Date:

  	
   

  
					

 

14

 

EXHIBIT A

FORM OF RELEASE AGREEMENT

 

AGREEMENT AND GENERAL RELEASE

 

Tetra
Tech, Inc., its affiliates, parents, subsidiaries, divisions, successors
and assigns in such capacity, and the current, future and former employees,
officers, directors, trustees and agents thereof (collectively referred to
throughout this Agreement as the “Employer”), and {executive’s
name}(the “Executive”), the Executive’s heirs, executors, administrators,
successors and assigns (collectively referred to throughout this Agreement as
the “Employee”) agree:

 

1.                                       Last
Day of Employment. The Executive acknowledges that [his]/[her]
employment with Employer has been terminated and that the Executive’s last day
of employment with Employer is [DATE]. Effective
as of [DATE], Executive resigns from the Executive’s
position as                                     and
will not be eligible for any benefits or compensation after [DATE], except as otherwise specifically provided under the
Change of Control Agreement between the Employer and Executive dated «Dated». (the “Change of Control Agreement”)
or under the terms of any other employee benefit plan maintained by the Employer. The Executive further acknowledges and agrees that, after [DATE], the Executive will not represent the Executive as
being a director, employee, officer, trustee, agent or representative of
Employer for any purpose. In addition, effective as of [DATE],
Executive resigns from all offices, directorships, trusteeships, committee memberships
and fiduciary capacities held with, or on behalf of, Employer or any benefit
plans of Employer. These resignations will become irrevocable as set forth in Section 3
below.

 

2.                                       Consideration. The parties
acknowledge that this Agreement and General Release is being executed in
accordance with Section 11(a)(ii) of the Change of Control Agreement.

 

3.                                       Revocation. Executive may
revoke this Agreement and General Release for a period of seven (7) calendar
days following the day Executive executes this Agreement and General Release. Any
revocation within this period must be submitted, in writing, to Employer and
state, “I hereby revoke my acceptance of our Agreement and General Release.”  The revocation must be personally delivered
to Employer’s
                                                      ,
and postmarked within seven (7) calendar days of execution of this
Agreement and General Release. This Agreement and General Release shall not
become effective or enforceable until the revocation period has expired. If the
last day of the revocation period is a Saturday, Sunday, or legal holiday in
Pasadena, California, then the revocation period shall not expire until the
next following day which is not a Saturday, Sunday, or legal holiday.

 

4.                                       General
Release of Claim. Subject to the full satisfaction by the
Employer of its obligations under the Change of Control Agreement, Employee
knowingly and voluntarily releases and forever discharges Employer from any and
all claims, causes of action, demands,

 

15

 

fees and liabilities of any
kind whatsoever, whether known and unknown, against Employer, Employee has, has
ever had or may have as of the date of execution of this Agreement and General
Release, including, but not limited to, any alleged violation of:

 

·                  Title VII of the Civil
Rights Act of 1964, as amended;

 

·                  The Civil Rights Act of
1991;

 

·                  Sections 1981 through 1988
of Title 42 of the United States Code, as amended;

 

·                  The Employee Retirement
Income Security Act of 1974, as amended;

 

·                  The Immigration Reform and
Control Act, as amended;

 

·                  The Americans with
Disabilities Act of 1990, as amended;

 

·                  The Age Discrimination in
Employment Act of 1967, as amended;

 

·                  The Older Workers Benefit
Protection Act of 1990;

 

·                  The Worker Adjustment and
Retraining Notification Act, as amended;

 

·                  The Occupational Safety and
Health Act, as amended;

 

·                  The Family and Medical Leave
Act of 1993;

 

·                  Any wage payment and
collection, equal pay and other similar laws, acts and statutes of the State of
California;

 

·                  Any other federal, state or
local civil or human rights law or any other local state or federal law,
regulation or ordinance;

 

·                  Any public policy, contract,
tort, or common law; or

 

·                  Any allegation for costs,
fees, or other expenses including attorneys’ fees incurred in these matters.

 

Notwithstanding anything
herein to the contrary, the sole matters to which the Agreement and General
Release do not apply are: (i) Employee’s express rights to accrued vested
benefits under any other employee benefit plan, policy or arrangement
maintained by Employer or under COBRA (the “Accrued Amounts”); (ii) Employee’s
rights under the provisions of the Change of Control Agreement which are
intended to survive termination of employment; or (iii) the Employee’s
rights as a stockholder.

 

5.                                       No
Claims Permitted. Employee waives Executive’s right to file
any charge or complaint against Employer arising out of Executive’s employment
with or separation

 

16

 

from Employer before any
Federal, state or local court or any state or local administrative agency,
except where such waivers are prohibited by law.

 

6.                                       Affirmations. Employee
affirms Executive has not filed, has not caused to be filed, and is not
presently a party to, any claim, complaint, or action against Employer in any
forum. Employee further affirms that the Executive has been paid and/or has
received all compensation, wages, bonuses, commissions, and/or benefits to
which Executive may be entitled and no other compensation, wages, bonuses,
commissions and/or benefits are due to Executive, except for the Accrued
Amounts. The Employee also affirms Executive has no known workplace injuries.

 

7.                                       Cooperation;
Return of Property. Employee agrees to reasonably cooperate with
Employer and its counsel in connection with any investigation, administrative
proceeding or litigation relating to any matter that occurred during Executive’s
employment in which Executive was involved or of which Executive has knowledge.
Employee represents that Executive has returned any and all property belonging
to the Employer, including any confidential information with respect to the Employer
or its operations.

 

8.                                       Governing
Law and Interpretation. This Agreement and General
Release shall be governed and conformed in accordance with the laws of the
State of California  without regard
to its conflict of laws provisions. In the event Employee or Employer breaches
any provision of this Agreement and General Release, Employee and Employer
affirm either may institute an action to specifically enforce any term or terms
of this Agreement and General Release. Should any provision of this Agreement
and General Release be declared illegal or unenforceable by any court of
competent jurisdiction and should the provision be incapable of being modified
to be enforceable, such provision shall immediately become null and void,
leaving the remainder of this Agreement and General Release in full force and
effect. Nothing herein, however, shall operate to void or nullify any general
release language contained in the Agreement and General Release.

 

9.                                       No
Admission of Wrongdoing. Employee agrees neither
this Agreement and General Release nor the furnishing of the consideration for
this Release shall be deemed or construed at any time for any purpose as an
admission by Employer of any liability or unlawful conduct of any kind.

 

10.                                 Amendment. This Agreement
and General Release may not be modified, altered or changed except upon express
written consent of both parties wherein specific reference is made to this
Agreement and General Release.

 

11.                                 Entire
Agreement. This Agreement and General Release sets forth the
entire agreement between the parties hereto and fully supersedes any prior
agreements or understandings between the parties; provided, however,
that notwithstanding anything in this Agreement and General Release, the
provisions in the Change of Control Agreement which are intended to survive
termination of the Executive’s employment shall survive and continue in full
force and effect. Employee acknowledges Executive has not relied on any
representations,

 

17

 

promises, or agreements of
any kind made to Executive in connection with Executive’s decision to accept
this Agreement and General Release.

 

EMPLOYEE HAS BEEN ADVISED
THAT EXECUTIVE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO REVIEW THIS AGREEMENT
AND GENERAL RELEASE AND HAS BEEN ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY
PRIOR TO EXECUTION OF THIS AGREEMENT AND GENERAL RELEASE.

 

EMPLOYEE AGREES ANY
MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND GENERAL
RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL TWENTY-ONE (21)
CALENDAR DAY CONSIDERATION PERIOD.

 

HAVING ELECTED TO EXECUTE
THIS AGREEMENT AND GENERAL RELEASE, TO FULFILL THE PROMISES SET FORTH HEREIN,
AND TO RECEIVE THE SUMS AND BENEFITS SET FORTH IN THE SEVERANCE AGREEMENT,
EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS
AGREEMENT AND GENERAL RELEASE INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS
EXECUTIVE HAS OR MIGHT HAVE AGAINST EMPLOYER.

 

IN WITNESS WHEREOF, the
parties hereto knowingly and voluntarily executed this Agreement and General
Release as of the date set forth below:

 

	
   

  	
  TETRA TECH, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
  Name: [NAME]

  
	
   

  	
  Title:

  	
   

  
	
   

  	
  Date:

  	
   

  
	
   

  	
   

  
	
   

  	
  EMPLOYEE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Date:

  	
   

  
				

 

18Exhibit 10.43

 

FIRST AMENDMENT TO 

AMENDED AND RESTATED LOAN AND SECURITY
AGREEMENT

 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY
AGREEMENT (this “Amendment”) dated as of November 27, 2007 (the “Effective
Date”), is entered into by and among
Channell Commercial Corporation, a Delaware corporation (“Domestic
Borrower”), Channell Commercial Canada Inc., an Ontario corporation (“Canadian Borrower” and, together with Domestic Borrower, “Borrowers”),
Bank of America, N.A., as Administrative
Agent (in such capacity, “Administrative Agent”), Bank of America, N.A., Canada Branch, as Canadian agent (in such capacity,
“Canadian Agent”), and the Lenders party to the Loan Agreement referred to below, with reference to the following
facts:

 

RECITALS

 

A.            Borrowers are party to the Amended and Restated Loan and Security Agreement dated as of July 30, 2007 (the “Loan Agreement”), with
the lenders party thereto from time to time (collectively, the “Lenders”),
Administrative Agent, and Canadian Agent, pursuant
to which the Lenders have provided certain credit facilities to the Borrowers.

 

B.            Borrowers have informed Administrative Agent that (i) on August 31,
2007, Domestic Borrower formed Bushman Water
Harvesting Corporation, a Delaware corporation (“Domestic Bushman”),
all of the issued and outstanding shares of capital stock of which are owned by Domestic Borrower and (ii) on
August 30, 2007, Canadian Borrower formed Bushman Water Harvesting Inc., an Ontario corporation (“Canadian
Bushman”, and together with Domestic Bushman, the “Bushman Entities”), all of
the issued and outstanding shares of
capital stock of which are owned by Canadian Borrower.

 

C.            The Lenders are
willing to consent to the formation of the Bushman  Entities and to make certain other amendments to the Loan
Agreement, subject to the conditions hereof.

 

NOW, THEREFORE, in consideration of the foregoing, and
for other good and valuable consideration, the adequacy of which is
hereby acknowledged, each of the undersigned hereby
agrees as follows:

 

1.            Defined
Terms. Any and all initially capitalized terms used in this Amendment without definition shall have the respective meanings specified in the
Loan Agreement.

 

2.            Amendment to
Correct Cross-Reference. Section 1.3.2 of the Loan Agreement is
hereby amended so that the reference to “Section 3.1.1(d)”
contained in the first paragraph of such
section shall be amended to read “Section 3.1.1(c)”.

 

3.            Amendments to
Schedules. Schedules 6.1.1, 7.1.1, 7.1.4, 7.1.4A, 7.1.5,
7.1.14, 7.1.22, 8.2.3(b), and 8.2.4 of the
Loan Agreement are hereby amended and replaced in their entirety by Annexes 1,
2, 3, 4, 5, 6, 7, 8, and 9, respectively, each of which is attached hereto.

 

1

 

4.            Consent to
Bushman Entities. Notwithstanding the provisions of Sections 8.2.13
and 8.2.14 of the Loan Agreement to the contrary, the Lenders hereby consent,
with retroactive effect, to the creation of
the Bushman Entities.

 

5.            Covenant Regarding Bushman Entities Documentation. In consideration of the foregoing
consent, Borrowers hereby agree to deliver each of the following documents
within thirty (30) days of the date hereof, each in form
and substance satisfactory to Administrative Agent and Canadian Agent:

 

5.1.1  an original Guaranty duly executed by Domestic
Bushman, guaranteeing the obligations of Domestic Borrower
under the Loan Documents (the “Domestic
Bushman Guaranty (Domestic Obligations)”);

 

5.1.2  an original Guaranty duly executed by Domestic
Bushman, guaranteeing the obligations of Canadian Borrower
under the Loan Documents (the “Domestic
Bushman Guaranty (Canadian Obligations)”);

 

5.1.3  an original Guaranty duly executed by Canadian
Bushman, guaranteeing the obligations of Canadian Borrower
under the Loan Documents (the “Canadian
Bushman Guaranty”);

 

5.1.4  an original Security Agreement duly executed
by Domestic Bushman, securing its
obligations under the Domestic Bushman Guaranty (Domestic Obligations) and the Domestic Bushman Guaranty (Canadian Obligations);

 

5.1.5  an original Security Agreement duly executed by Canadian Bushman, securing its obligations under the Canadian Bushman Guaranty;

 

5.1.6  an original Pledge Agreement duly executed by
Canadian Borrower, pledging its equity interests in
Canadian Bushman to secure its obligations under
the Loan Documents;

 

5.1.7  stock certificates representing the equity interests in the Bushman Entities,
together with executed undated stock powers (or the equivalent) relating
thereto, endorsed in blank;

 

5.1.8  authorization to file such PPSA or UCC-1 financing statements as Administrative Agent or Canadian Agent may request;

 

5.1.9  with respect to the Bushman Entities, such
documentation as Administrative Agent may
reasonably require to establish the due organization, valid existence and good standing of such entities, their qualification to
engage in business in each material jurisdiction in
which they are engaged in business or required to be so qualified, their authority to execute, deliver and perform the Loan
Documents to which they are a party, the identity,
authority and capacity of each responsible officer thereof authorized to act on
their behalf, including certified copies of articles or certificates of incorporation and amendments thereto, bylaws and amendments thereto,
certificates of good standing and/or
qualification to engage in business, tax clearance certificates, certificates of corporate resolutions, incumbency certificates,
certificates of responsible officers, and the like;

 

2

 

5.1.10  the favorable written legal opinion(s) of counsel to Borrowers and the
Bushman Entities, opining as to such matters as Administrative Agent and
Canadian Agent may reasonably request, together with copies of factual certificates and legal opinions, if any, delivered to such counsel in connection with such
opinion upon which such counsel has relied;

 

5.1.11  with
respect to the Bushman Entities, evidence that the Bushman Entities have obtained the insurance policies and
the loss payable and additional insured endorsements relating thereto as required by the Loan Documents; and

 

5.1.12  such additional agreements, certificates,
reports, approvals, instruments, documents,
consents and/or reaffirmations as Administrative Agent and Canadian Agent may reasonably request.

 

6.             Conditions
Precedent.  The effectiveness of this
Amendment shall be subject to the prior satisfaction of the following
conditions:

 

6.1.1    Documentation. Administrative Agent shall have received, each in form and substance satisfactory to Administrative Agent and Canadian
Agent, the following documents:

 

(a)        an original of this Amendment, duly
executed by Borrowers, Administrative Agent and
Canadian Agent;

 

(b)        an original of the Consent attached
hereto as Exhibit A, duly executed
by each of the UK Guarantors; and

 

(c)        an original intercompany note duly
executed by Channell Pty Limited evidencing any
debt owed to Domestic Borrower, along with an original endorsement allonge for such note, duly executed by Domestic Borrower.

 

6.1.2    No Defaults. Borrowers and all other Loan Parties shall be in compliance with all the terms and provisions of the Loan Documents
applicable to such Person or its Property, and no Default or Event of Default
shall have occurred and be continuing; and

 

6.1.3    Accuracy of Representations and
Warranties. All of Borrowers’ representations
and warranties contained herein shall be true and correct on and as of the date
of execution hereof.

 

7.             Representations
and Warranties.

 

7.1.1    Reaffirmation of Prior
Representations and Warranties. Each Borrower hereby reaffirms and restates as of the date hereof all of the
representations and warranties made by such
Borrower in the Loan Agreement and the other Loan Documents, which shall be true and correct in all material respects, except to the
extent such representations and warranties
specifically relate to an earlier date.

 

3

 

7.1.2    No Default. No Default or Event of Default
has occurred and remains continuing under any of
the Loan Documents.

 

8.             Miscellaneous.

 

8.1.1    Reference to Loan Agreement. The Loan Agreement, each of the other Loan Documents, and any and all
other agreements, documents or instruments now or hereafter executed and delivered
pursuant to the terms hereof, or pursuant to the terms of the Loan Agreement as
amended hereby, are hereby amended so that any reference therein to the Loan Agreement shall mean a reference to the Loan Agreement as amended by
this Amendment.

 

8.1.2    Loan Agreement Remains in
Effect. The Loan Agreement and the other
Loan Documents remain in full force and effect and the Borrowers ratify and
confirm their agreements and covenants
contained therein.

 

8.1.3    Amendment as Loan Document. This Amendment shall constitute a Loan
Document under the Loan Agreement, and, accordingly, it shall be an Event of Default under
the Loan Agreement if Borrowers fail to perform or comply with any covenant or agreement
contained herein, including without limitation, Section 5. Any provision
of any Loan Document which applies to Loan
Documents generally shall apply to this Amendment.

 

8.1.4    APPLICABLE LAW. THIS AMENDMENT SHALL BE  DEEMED TO HAVE BEEN MADE AND TO BE PERFORMABLE IN
THE STATE OF CALIFORNIA AND SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA.

 

8.1.5    Counterparts. This Amendment may be executed
in one or more counterparts, each of which when
so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same instrument.

 

[signature page follows]

 

4

 

IN WITNESS WHEREOF, the parties have entered into this
Amendment by their respective duly authorized
officers as of the date first above written.

 

	
   

  	
  Channell
  Commercial Corporation,

  a Delaware corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Patrick E McCready

  
	
   

  	
  Name:

  	
  Patrick
  E McCready

  
	
   

  	
  Title:

  	
  CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Channell
  Commercial Canada Inc.,

  an Ontario corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Michael L. Perica

  
	
   

  	
  Name:
  

  	
  Michael
  L. Perica

  
	
   

  	
  Title:

  	
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank of America, N.A.,

  
	
   

  	
  as Administrative Agent and as sole

  
	
   

  	
  Domestic Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Matthew R. Van Steenhuyse

  
	
   

  	
   

  	
  Matthew
  R. Van Steenhuyse

  
	
   

  	
   

  	
  Senior Vice President & Portfolio Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Bank
  of America, N.A., Canada Branch,

  
	
   

  	
  as Canadian Agent and
  sole Canadian Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Nelson Lam

  
	
   

  	
  Name:
  

  	
  Nelson
  Lam

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

S-1

 

EXHIBIT A

 

CONSENT

 

Each of the undersigned
parties (collectively, the “UK Guarantors”) hereby (a) acknowledges receipt of
a copy of the attached First Amendment to Amended and Restated Loan and
Security Agreement (the “Amendment”), (b) consents to Borrowers entering into
the Amendment and all of the other documents, instruments and agreements now or
hereafter executed in connection therewith, and (c) agrees that nothing
contained in the Amendent, or in any other document, instrument or agreement executed
in connection therewith, shall serve to diminish, alter, amend or affect in any
way the Loan Documents to which it is a party. Each UK Guarantor expressly and
knowingly reaffirms its liability under the Loan Documents to which it is a
party and acknowledges that it has no known defense, offset or counterclaim
against Lenders with respect to such Loan Documents.

 

Dated as of November 27, 2007

 

	
  Channell Commercial Europe
  Limited,

  	
   

  	
  Channell Limited,

  
	
  a limited liability
  company incorporated under the laws of England and Wales (Company number
  02837910)

  	
   

  	
  a limited liability
  company incorporated under the laws of England and Wales (Company number
  00912862)

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Patrick E McCready

  	
   

  	
  By:

  	
  /s/
  Patrick E McCready

  
	
  Name:
  

  	
  Patrick
  E McCready

  	
   

  	
  Name:
  

  	
  Patrick
  E McCready

  
	
  Title:

  	
  Director

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  A.C. Egerton (Holdings)
  Limited,

  	
   

  	
   

  	
   

  
	
  a limited liability
  company incorporated under the laws of England and Wales (Company number
  00818919)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Patrick E McCready

  	
   

  	
   

  	
   

  
	
  Name:
  

  	
  Patrick
  E McCready

  	
   

  	
   

  	
   

  
	
  Title:

  	
  Director

  	
   

  	
   

  	
   

  
								

 

1

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