Document:

EX-10.1

 Exhibit 10.1 

Execution Copy 

FIRST AMENDMENT TO CREDIT AGREEMENT 

This First Amendment to Credit Agreement (“First Amendment”) to Revolving Credit and Term Loan Agreement is made as of
January 16, 2014, by and among NeoPhotonics Corporation (the “Borrower”), the Lenders (as defined below) and Comerica Bank, as Administrative Agent for the Lenders (in such capacity, the “Agent”). 

RECITALS 
 A. Borrower entered into that
certain Revolving Credit and Term Loan Agreement dated as of March 21, 2013 (as amended or otherwise modified, the “Credit Agreement”), with certain financial institutions from time to time parties thereto (the “Lenders”)
and Agent. 
 B. Borrower has requested that Agent and the Lenders make certain amendments to the Credit Agreement and Agent and the Lenders
are willing to do so, but only on the terms and conditions set forth in this First Amendment. 
 NOW, THEREFORE, in consideration of
the Recitals and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower, Agent and Lenders agree as follows: 

1. The following definitions are hereby added to Section 1.1 of the Credit Agreement: 

“First Amendment” shall mean that certain First Amendment to Credit Agreement dated as of January 16, 2014. 

“First Amendment Effective Date” shall mean the date on which all of the conditions in Section 11 of the First Amendment have
been fully satisfied by the Borrower. 
 2. The following language is hereby added to the end of the definition of
“Indebtedness” in Section 1.1 of the Credit Agreement: 
 “Notwithstanding the foregoing, no Credit
Party shall be deemed to have guaranteed or become jointly and severally obligated for or to have pledged assets in support of a “swap,” as defined in Section 1(a)(47) of the Commodity Exchange Act (“CEA”), entered into on
or after October 12, 2012 if, at the time the swap is entered into, such Credit Party is not an “eligible contract participant” as defined in Section 1(a)(18) of the CEA.” 

 3. The following language is hereby added to the end of Section 7.1(b) of the Credit
Agreement: 
 “provided, however, that the financial statements of the Borrower for the first three fiscal quarters of the Fiscal
Year ending December 31, 2013 shall be delivered by the Borrower to the Agent as soon as the Borrower or its agent files such quarterly financial statements with the Securities and Exchange Commission on its Form 10-Q, as may be amended or
restated after the First Amendment Effective Date, but in any event no later than February 15, 2014; and” 
 4.
Section 7.1(c) of the Credit Agreement is here hereby amended and restated in its entirety as follows: 
 “(c)(i) as soon as
available, but in any event within ninety (90) days after the last day of each Fiscal Year of Borrower, a copy of all reports on Form 10-K filed by Borrower or on Borrower’s behalf with the Securities and Exchange Commission for such
Fiscal Year and (ii) as soon as available, but in any event within 45 days after the last day of each of Borrower’s fiscal quarters all reports on Form 10-Q filed by Borrower or on Borrower’s behalf with the Securities and Exchange
Commission for such quarter; provided, however, that the reports on Form 10-Q/A for each of the first two fiscal quarters of the Fiscal Year ending December 31, 2013 and the report on Form 10-Q for the third fiscal quarter of the Fiscal Year
ending December 31, 2013 shall be delivered by Borrower to the Agent as soon as Borrower or its agent files such report on Form 10-Q or Form 10-Q/A, as applicable, with the Securities and Exchange Commission, but in any event no later than
February 15, 2014;” 
 5. Section 7.9(a) of the Credit Agreement is hereby amended and restated in its entirety as
follows: 
 “(a) Commencing June 30, 2013, not permit the Funded Debt to EBITDA Ratio, calculated as of the last day of each
fiscal quarter during the periods set forth below, to be greater than: 
  

			
	 June 30, 2013
	  	3.75 to 1.00
	 September 30, 2013
	  	3.75 to 1.00
	 December 31, 2013
	  	4.75 to 1.00
	 March 31, 2014
	  	4.75 to 1.00
	 June 30, 2014
	  	4.75 to 1.00
	 September 30, 2014
	  	4.00 to 1.00
	 December 31, 2014 and the last day of each fiscal quarter thereafter
	  	3.00 to 1.00”

 6. Section 11.8(b) of the Credit Agreement is hereby amended and restated as follows: 

“(b) From the First Amendment Effective Date until the required date of delivery (or, if earlier, delivery) of the financial statements
under Section 7.1(a) or 7.1(b) hereof, as applicable, and the Covenant Compliance Report under Section 7.2(a) hereof, for the fiscal quarter ending June 30, 2014, the Applicable Margins and Applicable Fee Percentages shall be those
set forth under the Level IV column of the pricing matrix attached to this Agreement as Schedule 1.1. Thereafter, Applicable Margins and Applicable Fee Percentages shall be based upon the quarterly financial statements and Covenant Compliance
Reports, subject to recalculation as provided in Section 11.8(a) above.” 

  
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 7. Existing Schedule 1.1 of the Credit Agreement is hereby deleted in its entirety and replaced
with new Schedule 1.1 in the form attached hereto as Attachment 1. 
 8. Agent hereby consents, retroactive to October 21,
2013, to an extension until February 15, 2014 (or such later date as determined by Agent) of the required due date for finalization of the wind down of Santur or the transfer of substantially all of the assets of Santur to Borrower or
otherwise, in accordance with Section 7.13(a)(iii) of the Credit Agreement; provided that if such wind down or transfer of assets has not occurred by February 15, 2014, then Santur shall promptly (but in any event within thirty
(30) days thereafter, or such longer period as Agent shall determine) deliver a Guaranty, a Security Agreement and a Pledge Agreement and take such additional actions, in each case in accordance with Section 7.13(a)(iii) of the Credit
Agreement. 
 9. Agent hereby consents, retroactive to September 6, 2013, to an extension until February 15, 2014
(or such later date as determined by Agent) of the required due date for delivery of stock pledges encumbering 65% of each Significant Foreign Subsidiary, in accordance with Section 7.19(c) of the Credit Agreement. 

10. Agent and the Lenders acknowledge that the Borrower has notified them that the Borrower’s financial statements for the first and
second fiscal quarters of the Fiscal Year ending December 31, 2013 will need to be restated in order to make an adjustment for the treatment of a $0.5 million real estate registration tax, as further described in the Borrower’s Current
Report on Form 8-K, filed with the Securities and Exchange Commission on November 14, 2013. Agent and the Lenders acknowledge that the Borrower will restate its financial statements for the first and second fiscal quarters of the Fiscal Year
ending December 31, 2013 to reflect this adjustment, as well as any additional changes or adjustments that may arise as a result of its ongoing reviews of the relevant periods with its new independent public accounting firm. 

11. This First Amendment shall become effective (according to the terms hereof) on the date (the “First Amendment Effective Date”)
that the following conditions have been fully satisfied by the Borrower: 
  

	 	(a)	Agent shall have received counterpart signature pages to this First Amendment, duly executed and delivered by the Agent, Borrower and the Lenders. 

 

	 	(b)	Borrower shall have paid to the Agent and the Lenders all reasonable costs and expenses, if any, that are due and owing to the Agent and the Lenders as of the date of this First Amendment. 

  
 3 

 12. Borrower hereby represents and warrants that, after giving effect to the amendments to the
Credit Agreement contained herein, (a) the execution and delivery of this First Amendment are within such party’s corporate or limited liability company powers, have been duly authorized, are not in contravention of any law applicable to
such party or the terms of its organizational documents, and except as have been previously obtained do not require the consent or approval, material to the amendments contemplated in this First Amendment, of any governmental body, agency or
authority, and this First Amendment and the Credit Agreement (as amended herein) will constitute the valid and binding obligations of such undersigned party, enforceable in accordance with its terms, except as enforcement thereof may be limited by
applicable bankruptcy, reorganization, insolvency, fraudulent conveyance, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a
proceeding in equity or at law), (b) the representations and warranties set forth in Article 6 of the Credit Agreement are true and correct in all material respects on and as of the date hereof (other than any representation or warranty that
expressly speaks only as of a certain date), and (c) as of the First Amendment Effective Date, no Default or Event of Default shall have occurred and be continuing. 

13. Except as specifically set forth above, this First Amendment (i) shall not be deemed to amend or alter in any respect the terms and
conditions of the Credit Agreement (including without limitation all conditions and requirements for Advances and any financial covenants), any of the Notes issued thereunder or any of the other Loan Documents; and (ii) shall not constitute a
waiver or release by the Agent or the Lenders of any right, remedy, Default or Event of Default under or a consent to any transaction not meeting the terms and conditions of the Credit Agreement, any of the Notes issued thereunder or any of the
other Loan Documents. Furthermore, this First Amendment shall not affect in any manner whatsoever any rights or remedies of the Lenders with respect to any other non-compliance by Borrower with the Credit Agreement or the other Loan Documents,
whether in the nature of a Default or Event of Default, and whether now in existence or subsequently arising, and shall not apply to any other transaction. 

14. Borrower and each other Credit Party hereby acknowledges and agrees that this First Amendment and the amendments contained herein do not
constitute any course of dealing or other basis for altering (i) any obligation of Borrower, any other Credit Party or any other party or (ii) any rights, privilege or remedy of the Lenders under the Credit Agreement, any other Loan
Document, any other agreement or document, or any contract or instrument. 
 15. Except as specifically defined to the contrary herein,
capitalized terms used in this First Amendment shall have the meanings set forth in the Credit Agreement. 
 16. This First Amendment may be
executed in counterparts in accordance with Section 13.9 of the Credit Agreement. 
 17. This First Amendment shall be construed in
accordance with and governed by the laws of the State of California, without regard to principles of conflict of laws that would result in the application of the laws of a different jurisdiction. 

[Remainder of Page Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF, Borrower, the Lenders and Agent have each caused this First Amendment to be
executed by their respective duly authorized officers or agents, as applicable, all as of the date first set forth above. 
  

			
	COMERICA BANK, as Agent and a Lender
		
	By:	 	 /s/ Robert Shutt

	Name:	 	Robert Shutt
	Title:	 	Senior Vice President

  
 Signature Page to
First Amendment to Credit Agreement 
 (3010698) 

 IN WITNESS WHEREOF, Borrower, the Lenders and Agent have each caused this First Amendment to be
executed by their respective duly authorized officers or agents, as applicable, all as of the date first set forth above. 
  

			
	EAST WEST BANK, as a Lender
		
	By:	 	 /s/ Nader Maghsondnia

	Name:	 	Nader Maghsondnia
	Title:	 	Senior Relationship Manager

  
 Signature Page to
First Amendment to Credit Agreement 
 (3010698) 

 IN WITNESS WHEREOF, Borrower, the Lenders and Agent have each caused this First Amendment to be
executed by their respective duly authorized officers or agents, as applicable, all as of the date first set forth above. 
  

			
	NEOPHOTONICS CORPORATION
		
	By:	 	 /s/ Clyde R. Wallin

	Name:	 	Clyde R. Wallin
	Its:	 	Senior Vice President and Chief Financial Officer

  
 Signature Page to
First Amendment to Credit Agreement 
 (3010698) 

 ATTACHMENT 1 

Schedule 1.1 
 Applicable
Margin Grid  
 Revolving Credit and Term Loan Facility 

(basis points per annum) 
  

																	
	 Basis for Pricing
	  	Level I	 	  	Level II	 	  	Level III	 	  	Level IV**	 
	 Funded Debt to EBITDA Ratio*
	  	 	<1.00 to 1.00	  	  	 
 	31.00 to 1.00 and
<2.00 to 1.00	  
  	  	 
 	32.00 to 1.00 and
<3.00 to 1.00	  
  	  	 	33.00 to 1.00	  
	REVOLVER	  				  				  				  			
	 Facility Fee
	  	 	25	  	  	 	25	  	  	 	25	  	  	 	25	  
	 LIBOR Margin
	  	 	200	  	  	 	225	  	  	 	250	  	  	 	275	  
	 All-In-Spread
	  	 	225	  	  	 	250	  	  	 	275	  	  	 	300	  
	 Letter of Credit Fees
	  	 	200	  	  	 	225	  	  	 	250	  	  	 	275	  
	 Base Rate Margin
	  	 	100	  	  	 	125	  	  	 	150	  	  	 	175	  
	TERM LOAN	  				  				  				  			
	 LIBOR Margin
	  	 	225	  	  	 	250	  	  	 	275	  	  	 	300	  
	 Base Rate Margin
	  	 	125	  	  	 	150	  	  	 	175	  	  	 	200	  

  

	*	Definitions as set forth in the Credit Agreement. 

	**	Pricing shall be set at Level IV until receipt and satisfactory review of June 30, 2014 financial statements of Borrower, thereafter pricing will be adjusted quarterly based on the quarterly Covenant Compliance
Certificate.EX-4.1

 Exhibit 4.1 
 

 
  
 CT

 Cara Therapeutics, Inc. 
 INCORPORATED UNDER THE LAWS CUSIP 140755 10 9 OF THE STATE OF DELAWARE SEE REVERSE FOR CERTAIN DEFINITIONS 
 THIS CERTIFIES THAT 
 BY 

IS THE RECORD HOLDER OF AMERICAN 
 COUNTERSIGNED 
 FULLY PAID AND NON-ASSESSABLE Cara
SHARES Therapeutics, OF THE COMMON Inc. STOCK, $0.001 PAR VALUE, OF STOCK AND transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of the Certificate properly endorsed. This Certificate and the shares
represented hereby are issued and shall be held subject to all of the provisions of the Certificate of Incorporation, as amended, and the Bylaws, as amended, REGISTER of the Corporation. TRANSFER 

This Certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar. (Brooklyn, D:
Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers. & 
 NY) 
 Dated: TRUST 

rapeu e ti 
 h c AND T POR AUTHORIZED 
 R AT s, COMPANY,

 a C O EI 
 r TRANSFER 
 a SEAL n LLC 

C . c 
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 2004 E SECRETARY AGENT PRESIDENT AND CHIEF
EXECUTIVE OFFICER E SIGNATURE REGISTRAR 
 L R 

A WA 
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 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 under Uniform Gifts to Minors of survivorship and not as Act tenants in common

 (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 Common 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 
 NOTICE: 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 

SIGNATURE(S) GUARANTEED: ANY CHANGE WHATEVER. 
 THE SIGNATURE(S) MUST 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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