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[Belden CDT Logo]
                                                                   EXHIBIT 10.01

                          NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD AGREEMENT

GRANTED TO:    GRANT DATE      NUMBER OF SHARES OF BELDEN CDT INC. COMMON STOCK
               MAY 18, 2005                                 2,500

This Agreement is made between Belden CDT Inc., a Delaware corporation, having
its principal office in St. Louis, Missouri (the "Company"), and the
undersigned, a non-employee director of the Company.

The parties have agreed as follows:

1.       Pursuant to the 2001 Cable Design Technologies Corporation Long-Term
         Performance Incentive Plan (the "Plan"), the Company grants to the
         director a restricted stock award in the number of shares of the
         Company's common stock, par value $.01 per share, noted above (the
         "Restricted Shares"), on the grant date, subject to the following
         conditions and the terms and conditions of the Plan:

         (a)      Transfer Restrictions. The Restricted Shares shall not be
                  sold, exchanged, transferred, pledged, or otherwise disposed
                  of before the director's departure from the Board of Directors
                  of the Company ("Transfer Restrictions"). The grant is subject
                  to forfeiture in the event the director is removed from the
                  Board for cause.

         (b)      Disability/Death. In the event of disability or death of the
                  director during continued service with the Company, the
                  Transfer Restrictions shall lapse and be of no further force
                  or effect and the shares shall be deemed fully vested.

         (c)      Transferability. Prior to the lapsing of the Transfer
                  Restrictions, no Restricted Shares shall be transferable by
                  the director except pursuant to a qualified domestic relations
                  order (as defined by the Internal Revenue Code).

         (d)      Sale of Assets/Merger. In the event of a proposed sale of all
                  or substantially all of the assets of the Company or the
                  merger of the Company pursuant to Section 14 of the Plan, the
                  restrictions applicable to all shares of Restricted Shares
                  shall lapse and such shares shall be deemed fully vested.

         The Board of Directors or the Compensation Committee (the "Committee")
         has the discretion to determine whether to issue share certificates for
         any Restricted Shares (or to make a book-entry transfer for uncertified
         shares) awarded to the director while they are subject to any Transfer
         Restrictions. Thereafter, the director will be entitled to receive
         share certificates (or in the Company's discretion such book-entry
         shall be made) for such shares.

2.       Subject to the Transfer Restrictions, the director shall have all of
         the rights of a shareholder of the Company with respect to such
         Restricted Shares, including the right to vote such Restricted Shares
         and to receive all dividends or other distributions paid with respect
         to such Restricted Shares.

3.       To the extent the issuance of Restricted Shares or the lapse of
         Transfer Restrictions results in the receipt of compensation to the
         director, the Company is authorized to withhold from any cash
         compensation then or thereafter payable to the director any tax
         required to be withheld by reason of the receipt of compensation
         resulting from the award, the issuance of shares or the lapse of the
         Transfer Restrictions.

4.       The director agrees to take any action, and consents to taking such
         action by the Company, with respect to the Restricted Shares awarded by
         this Agreement to achieve compliance with applicable laws or
         regulations. Any determination by the Company's legal counsel with
         respect to such need for any action to achieve compliance shall be
         final and binding.

5.       The Committee shall have authority, subject to the express provisions
         of the Plan, to construe this Agreement and the Plan, to establish,
         amend and rescind rules and regulations relating to the Plan, and to
         make all other determinations in the judgment of the Committee
         necessary or desirable for the administration of the Plan. The
         Committee may correct any defect or supply any omission or reconcile
         any inconsistency in the Plan or in this Agreement in the manner and to
         the extent it shall deem expedient to carry out the purpose of the
         Plan. All action by the Committee under the provisions of this
         paragraph shall be final and binding for all purposes.

6.       This Agreement shall be construed and enforced in accordance with the
         laws of Delaware, other than any choice of law provisions calling for
         the application of the laws of another jurisdiction.

THE RESTRICTED SHARES GRANTED UNDER THIS AGREEMENT ARE SUBJECT TO THE COMPANY'S
REGISTERING THE SHARES UNDER APPLICABLE SECURITIES LAWS.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement in duplicate
as of the Grant Date first above written.

BELDEN CDT INC.

By
   ---------------------------------------
     C. Baker Cunningham
     President and Chief Executive Officer

Accepted:
         ---------------------------------
                (Director's Signature)exv10w1

 

Exhibit 10.1

WAIVER AND CONSENT TO CREDIT AGREEMENT

     THIS WAIVER AND CONSENT TO CREDIT AGREEMENT (this “Consent”) is executed and delivered
as of this 13th day of May, 2005 among LASALLE BANK NATIONAL ASSOCIATION, as administrative agent
(the “Administrative Agent”), the financial institutions party hereto (the
“Lenders”), AKORN, INC., a Louisiana corporation (“Akorn”) and Akorn (New Jersey),
Inc., an Illinois corporation (“Akorn New Jersey”).

W I T N E S S E T H:

     A. The Administrative Agent, Akorn, Akorn New Jersey and the Lenders entered into a Credit
Agreement dated as of October 7, 2003 (as amended, restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”). Capitalized terms used but not defined herein
shall have the meanings attributed to them in the Credit Agreement.

     B. Akorn desires to enter into that certain Settlement Agreement dated as of May 16, 2005 by
and between Akorn and NeoPharm, Inc. (“NeoPharm”) pursuant to which Akorn would be required to make
a payment to NeoPharm in the amount of $2,500,000 (the “NeoPharm Settlement Payment”) as
consideration for, among other things, repayment in full and termination of the NeoPharm
Subordinated Debt.

     C. The Companies have requested that the Administrative Agent and the Required Lenders consent
to the action to be taken by the Companies in connection with the Transaction with respect to the
Credit Agreement, subject to the terms and conditions set forth herein.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto
hereby agree as follows:

     1. Waiver and Consent. Subject to the terms and conditions herein, the Required
Lenders hereby (i) consent to Akorn’s execution of and performance under the Settlement Agreement
and (ii) waive any Event of Default which would, if not for the execution of this Consent, arise
solely from (a) Akorn’s failure to comply with Section 11.4(d) of the Credit Agreement
resulting from the payment of NeoPharm Settlement Payment, (b) Akorn’s failure to comply with
Section 11.7 of the Credit Agreement by entering into the Settlement Agreement and NeoPharm, and
(c) Akorn’s failure to comply with Section 2, Section 5 and Section 6 of the NeoPharm Subordination
Agreement resulting from the payment of the NeoPharm Settlement Payment.

     2. Representations and Warranties. To induce the Administrative Agent and the
Required Lenders to execute this Consent, each Company represents and warrants to the
Administrative Agent and the Lenders as follows: (a) each Company has all requisite power and
authority to execute, deliver and perform this Consent; (b) this Consent constitutes the legal,
valid and binding obligation of each Company, enforceable against each Company in accordance with
its terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of
creditors’ rights generally and to general principles of equity; (c) the representations and
warranties in the Loan Documents are true and correct in all material respects with the same

 

 

effect
as though made on and as of the date of this Consent (except to the extent stated to relate to a
specific earlier date, in which case such representations and warranties shall be true and correct
as of such earlier date); and (d) after giving effect to this Consent, no Unmatured Event of
Default or Event of Default exists.

     3. Conditions to Effectiveness. The effectiveness of this Consent is expressly
conditioned upon delivering to the Administrative Agent all of the following in form and substance
acceptable to the Administrative Agent: (a) this Consent executed by each Company, the
Administrative Agent and the Required Lenders and (b) an executed copy of the Settlement Agreement.

     4. Affirmation. Except as specifically provided in this Consent, the execution,
delivery and effectiveness of this Consent shall not operate as a waiver or forbearance of any
Default or Event of Default or any right, power or remedy of the Administrative Agent or any Lender
under the Credit Agreement or any of the other Loan Documents, or constitute a consent, waiver or
modification with respect to any provision of the Credit Agreement or any of the other Loan
Documents, and the Company hereby fully ratifies and affirms each Loan Document to which it is a
party. Reference in any of this Consent, the Credit Agreement or any other Loan Document to the
Credit Agreement shall be a reference to the Credit Agreement as modified hereby and as further
amended, modified, restated, supplemented or extended from time to time. This Consent shall
constitute a Loan Document for purposes of the Credit Agreement and the other Loan Documents.

     5. Counterparts. This Consent may be executed in two or more counterparts, each of
which shall constitute an original, but all of which when taken together shall constitute one
instrument. Delivery of an executed counterpart of this Consent by facsimile shall be effective as
delivery of an original counterpart.

     6. Headings. The headings and captions of this Consent are for the purposes of
reference only and shall not affect the construction of, or be taken into consideration in
interpreting, this Consent.

     7. Further Assurances. Each Company agrees to execute and deliver, or cause to be
executed and delivered, in form and substance satisfactory to the Administrative Agent and the
Lenders, such further documents, instruments, amendments and financing statements and to take such
further action, as may be necessary from time to time to perfect and maintain the liens and
security interests created by the Loan Documents.

     8. APPLICABLE LAW. THIS CONSENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
THE LAWS OF THE STATE OF ILLINOIS WITHOUT GIVING EFFECT TO ILLINOIS CHOICE OF LAW DOCTRINE.

     9. Acknowledgment. Each Company hereby waives, discharges and forever releases the
Administrative Agent and each of the Lenders, and each of said Person’s employees, officers,
directors, attorneys, stockholders and successors and assigns, from and of any and all

-2-

 

claims,
causes of action, allegations or assertions that either Company has or may have had at any time
through (and including) the date of this Consent, against any or all of the foregoing, regardless
of whether any such claims, causes of action, allegations or assertions are known to either Company
or whether any such claims, causes of action, allegations or assertions arose as a result of the
Administrative Agent’s or any Lender’s actions or omissions in connection with the Credit
Agreement, including any amendments or modifications thereto, or otherwise.

[signature pages follow]

-3-

 

     IN WITNESS WHEREOF, this Consent has been duly executed and delivered as of the day and
year first above written.

	 	 	 	 
	 	AKORN, INC.

 	 
	 
	 	By:  	/s/ Jeffrey A. Whitnell
 	 
	 	Title:	Chief Financial Officer 	 
	 
	 
	 
	 	AKORN (NEW JERSEY), INC.

 	 
	 
	 	By:  	/s/ Jeffrey A. Whitnell
 	 
	 	Title:	 Chief Financial Officer
	 
	 
	 
	 	LASALLE BANK NATIONAL
ASSOCIATION,

as Administrative
Agent and Lender

 	 
	 
	 	By:  	/s/  Patrick J. O’Toole
 	 
	 	Title:	Vice President

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