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Exhibit 10.41  

 
 

AMENDMENT NO. 1 TO SECURITIES PURCHASE AGREEMENT    
    

        AMENDMENT NO. 1, dated as of March 3, 2008 (this "Amendment"), to SECURITIES PURCHASE AGREEMENT, dated as
of March 13, 2007 (the "Agreement"), between NORSK HYDRO PRODUKSJON AS, a corporation organized under the laws of the Kingdom of Norway (the
"Investor"), and ASCENT SOLAR TECHNOLOGIES, INC., a corporation organized under the laws of the State of Delaware (the
"Company"). 

RECITALS  

        WHEREAS, on March 13, 2007, the Investor and the Company entered into the Agreement, which, among other things, provides the Investor with options to
purchase the Company's securities. 

        WHEREAS,
Article III of the Agreement contains the terms and conditions of these options including the Initial Warrants Call Option and the Tranche 2 Call Option. While the
intent of the Agreement was to provide for multiple exercises of the Tranche 2 Call Option to allow the Investor to reach up to a maximum of 35% of all issued and outstanding Company Common
Stock, the language of Section 3.06 of the Agreement does not clearly provide for multiple exercises. The purpose of this Amendment is to clarify the potential and procedure for multiple
exercises. 

        WHEREAS,
the capitalized terms used in this Amendment, unless otherwise defined herein, shall have the meanings set forth in  Section 1.01 of the Agreement or elsewhere therein. 

AGREEMENT  

        NOW, THEREFORE, in consideration of the premises and the mutual agreements and covenants hereinafter set forth, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

	1.
	Amendment to Section 3.06.    Section 3.06 shall be amended to read in its entirety as
follows:  

        SECTION 3.06. Tranche 2 Call Option. Upon the terms and subject to the conditions of this Agreement,
the Company hereby irrevocably grants to the Investor the right to acquire and to require the Company to sell to the Investor the Tranche 2 Securities (the
"Tranche 2 Call Option"). The Tranche 2 Call Option may be exercised, in full or in part and from time to time, by the Investor by
providing written notice to the Company in accordance with Section 11.02, substantially in the form attached as  Exhibit E hereto (the
"Tranche 2 Call Notice") at any time after 9:00 a.m., Denver,
Colorado time, on the first day of the Option Exercise Period and prior to 5:00 p.m., Denver, Colorado time, on the last day of the Option Exercise Period. Such Tranche 2 Call Notice
shall state (i) that the Investor is exercising the Tranche 2 Call Option and (ii) the number of (A) Tranche 2 Shares, (B) Option Class A Warrants and
(C) Option Class B Warrants the Investor wishes to purchase, and, upon receipt of a Tranche 2 Call Notice, the Company shall be obligated to sell the number of Tranche 2
Shares, Option Class A Warrants and Option Class B Warrants set forth in such Tranche 2 Call Notice, upon the terms and subject to the conditions set forth herein. 

	2.
	Amendment to Section 3.07.    Section 3.07 shall be amended to read in its entirety as
follows:  

        SECTION 3.07. Tranche 2 Purchase Price. With respect to each exercise of the Tranche 2 Call
Option, the purchase price for each (i) Tranche 2 Share subject to each exercise shall be an amount equal to the average of the closing bids for the Company Common Stock on Nasdaq during
the five consecutive trading days ending on (and including) the trading day that is one (1) day prior to the date of exercise of the Tranche 2 Call Option (the
"Tranche 2 Share Purchase Price"), (ii) Option Class A Warrant subject to each exercise shall be an amount equal to the average of
the closing bids for the Company's Class A Warrants on Nasdaq during the five consecutive trading days ending on (and including) the trading day that is one (1) day prior to the date of
exercise of the Tranche 2 Call Option (the "Option Class A Warrant Purchase Price") and (iii) Option Class B Warrant subject
to each exercise 

 

shall
be an amount equal to the average of the closing bids for the Company's Class B Warrants on Nasdaq during the five consecutive trading days ending on (and including) the trading day that
is one (1) day prior to the date of exercise of the Tranche 2 Call Option (the "Option Class B Warrant Purchase Price" and,
together with the Tranche 2 Share Purchase Price and the Option Class A Warrant Purchase Price, the "Tranche 2 Purchase Price" and,
together with the Tranche 1 Purchase Price and the Initial Warrants Purchase Price, the "Purchase Price"). 

	3.
	Amendment to Section 3.08.    Section 3.08 shall be amended to read in its entirety as
follows:  

        SECTION 3.08. Second Closing. Unless this Agreement shall have been terminated in accordance with  Section 10.01, and subject to the satisfaction or waiver of the conditions set forth in  Article IX (except for Section 9.01(a)
, which must be satisfied as a condition to each
Second Closing and cannot be waived), if a Tranche 2 Call Notice has been duly delivered pursuant to Section 3.06, the closing of each
issuance, purchase and sale of the Tranche 2 Securities provided for in this Article III (each, a "Second
Closing") will take place at 12:30 p.m., Portland, Oregon time, on the second (2nd) business day after the satisfaction or waiver of the conditions set forth in  Article IX (other than those that by their terms are to be satisfied or waived at such Second Closing), at the offices of Holland &
Knight LLP, 2300 U.S. Bancorp Tower, 111 S.W. Fifth Avenue, Portland, Oregon 97204, unless another time, date or place is agreed to by the Investor and the Company. 

	4.
	Amendment to Section 3.09.    Section 3.09 shall be amended to read in its entirety as
follows:  

        SECTION 3.09. Second Closing Deliveries by the Company. At each Second Closing, the Company shall deliver
or cause to be delivered to the Investor: 

        (a)   duly
executed certificates evidencing the Tranche 2 Securities as to which the Tranche 2 Call Option has been exercised, registered in the name of the
Investor; 

        (b)   a
receipt for the Tranche 2 Purchase Price; and 

        (c)   the
documents, instruments, writings and payments contemplated or required to be delivered by the Company at the Second Closing pursuant to  Section 9.02. 

	5.
	Amendment to Section 3.10. Section 3.10 shall be amended to read in its entirety as follows: 

        SECTION 3.10.  Second Closing Deliveries by the Investor. At each Second Closing, the Investor shall deliver to the Company:

        (a)   the
Tranche 2 Purchase Price by wire transfer in immediately available funds to an account specified by the Company in writing no less than two
(2) business days prior to such Second Closing; and 

        (b)   the
documents, instruments and writings contemplated or required to be delivered by the Investor at such Second Closing pursuant to  Section 9.03. 

	6.
	Amendment to Section 3.11.    Section 3.11 shall be amended to read in its entirety as
follows:  

        SECTION 3.11. Redemption of Class A Warrants. If the Class A Warrants have been redeemed by
the Company in accordance with their terms on or prior to the date of the Initial Warrants Closing or a Second Closing, as the case may be, the Company shall issue to the Investor, and the Investor
shall purchase, accept and acquire from the Company, a number of shares of Company Common Stock, at a price per share equal to the average of the closing bids for the Company Common Stock on Nasdaq
during the five consecutive trading days ending on (and including) the trading day that is one (1) day prior to the date of exercise of the Initial Warrants Call Option or the Tranche 2
Call Option, as the case may be, sufficient to ensure that the Investor acquires the percentage ownership of the Company that it would otherwise have acquired had the Company not redeemed the
Class A Warrants on or prior to such date. 

2

 
	7.
	Amendment to Section 7.04(e).    Section 7.04(e) shall be amended to read in its
entirety as follows:  

        SECTION 7.04(e) From the date of this Agreement until the later of (i) the Initial Warrants Closing, and (ii) the first to occur of the
Second Closing, if any, at which the Tranche 2 Call Option is exercised
in full or exercised as to the remaining securities subject to the Tranche 2 Call Option (the "Final Second Closing") and the expiration of the
Option Exercise Period, the Company shall promptly notify the Investor in writing of any pending or, to the knowledge of the Company, threatened Action by any Governmental Authority or any other
person (i) challenging or seeking material damages in connection with the Transactions or (ii) seeking to restrain or prohibit the consummation of the Transactions, which in either case
would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect prior to or after the later of (i) the Initial Warrants Closing, and (ii) the first to
occur of the Final Second Closing and the expiration of the Option Exercise Period. 

	8.
	Amendment to Section 7.08.    Section 7.08 shall be amended to read in its entirety as
follows:  

        SECTION 7.08. Certain Notices. From and after the date of this Agreement until the later of the Initial
Warrants Closing, the Final Second Closing and the expiration of the Option Exercise Period, each party shall promptly notify the other party of (i) the occurrence, or
non-occurrence, of any event or any breach or misrepresentation that would reasonably be expected to cause any condition to the obligations of such party to effect the Transactions not to
be satisfied or (ii) the failure of such party to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it pursuant to this Agreement or any Ancillary
Agreement that would reasonably be expected to result in any condition to the obligations of such party to effect the Transactions not to be satisfied;  provided, however, that the delivery of any notice pursuant to this  Section 7.08 shall not cure any breach of any representation or warranty requiring disclosure of such
matter prior to the date of this Agreement
or otherwise limit or affect the remedies available hereunder to the party receiving such notice. 

	9.
	Amendment to Section 10.01.    The preamble to Section 10.01 shall be amended to read in
its entirety as follows:  

        SECTION 10.01. Termination. This Agreement may be terminated and the Tranche 2 Transactions may be
abandoned at any time prior to the first to occur of the Final Second Closing and the expiration of Option Exercise Period (the date of any such termination, the "Termination
Date"). 

	10.
	Amendment to Section 10.04.    Section 10.04 shall be amended to read in its entirety
as follows:  

        SECTION 10.04. Amendment. This Agreement may be amended by the parties hereto at any time prior to the
later of (i) the Initial Warrants Closing and (ii) the Termination Date; provided,  however, that, after the Stockholder Approval is obtained, no
amendment may become effective that would by Law
require approval of the stockholders of the Company, without approval of such stockholders. This Agreement may not be amended except by an instrument in writing signed by the parties hereto. 

	11.
	Other Modifications.    References to "the Second Closing" in the Agreement in addition to those addressed above in
Sections 1 through 10 of this Amendment, including Sections 4.15(b), 4.15(e), 7.02, 7.03(a), 7.04(d), 7.09, 9.01, 9.02(a), (b),(c) and (g), 9.03(a),(b) and (c), and 11.01(a) of the
Agreement, shall be deemed to mean "each Second Closing."

	12.
	Affirmation of Agreement.    Except as expressly amended herein, all other terms and conditions of the Agreement shall remain
in force and effect and are hereby affirmed and ratified.

	13.
	Governing Law.    This Amendment shall be governed by, and construed in accordance with, the Laws of the State of Delaware.
All actions and proceedings arising out of or relating to this Amendment shall be heard and determined exclusively in any Delaware state or federal court, in each case sitting in the City of
Wilmington, New Castle County. The parties hereto hereby (a) submit to the exclusive jurisdiction of any Delaware state or federal court, in each case sitting in the City of Wilmington, New
Castle County, for the purpose of any Action arising out of or 

3

 

relating
to this Amendment brought by any party hereto and (b) irrevocably waive, and agree not to assert by way of motion, defense or otherwise, in any such Action, any claim that it is not
subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that the
venue of the Action is improper or that this Amendment or the Transactions may not be enforced in or by any of the above-named courts. 

	14.
	Counterparts.    This Amendment may be executed and delivered (including by facsimile transmission) in one or more
counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the
same agreement. 

4

 

        IN
WITNESS WHEREOF, the Investor and the Company have caused this Amendment to be executed as of the date first written above by their respective officers thereunto duly authorized. 

	

 	
 	
NORSK HYDRO PRODUKSJON AS
	
 	
 	

By:	
 	

/s/  JØRGEN C. ARENTZ ROSTRUP      
 Name: Jørgen C. Arentz Rostrup

Title:
	

 	
 	
ASCENT SOLAR TECHNOLOGIES, INC.
	
 	
 	

By:	
 	

/s/  MOHAN MISRA      
 Name: Dr. Mohan S. Misra

Title: Chairman

5

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AMENDMENT NO. 1 TO SECURITIES PURCHASE AGREEMENTExhibit 10.40

 

SECOND AMENDMENT

TO

CREDIT AGREEMENT

 

THIS SECOND AMENDMENT dated as of May 2,
2006 (this “Amendment”), to the Credit Agreement, dated as of December 8,
2005, as amended by that certain First Amendment to Credit Agreement dated as
of January 11, 2006 (as so amended, the “Credit Agreement”), by and
among CLAYTON HOLDINGS, INC. a Delaware corporation (the “Company”), CITIGROUP
GLOBAL MARKETS REALTY CORP. (“Citigroup”) and BNP PARIBAS (“BNP
Paribas”), as administrative agent (in such capacity “Administrative
Agent”).

 

RECITALS

 

WHEREAS, subsection
2.1A(iv) of the Credit Agreement permits Lenders and/or other financial
institutions not a party to the Credit Agreement, that are approved by
Administrative Agent, to provide up to an aggregate amount of $10,000,000 in
additional Revolving Loan Commitments.

 

WHEREAS, Company
desires to exercise its right under subsection 2.1A(iv) of the Credit
Agreement to request additional Revolving Loan Commitments in an aggregate
principal amount of $5,000,000 (the “Second Amendment Revolving Loan
Commitments”).

 

WHEREAS, Citigroup has
agreed to make additional Revolving Loan Commitments in an aggregate principal
amount of $5,000,000 on the Second Amendment Effective Date (as defined below)
and Administrative Agent approves of the same.

 

WHEREAS, pursuant to
subsection 2.1A(iv) of the Credit Agreement, Company and Administrative
Agent are authorized to amend the Credit Agreement without the consent of the
Lenders to the extent necessary to give effect to such additional Revolving
Loan Commitments.

 

WHEREAS, pursuant to
an Assignment Agreement by and between Citigroup and BNP Paribas, and consented
to by Company and Administrative Agent (the “Assignment”), BNP Paribas
has, concurrently herewith, assigned to Citigroup (and Citigroup has assumed)
$2,000,000 of BNP Paribas’ Revolving Loan Commitment such that after giving
effect to this Amendment and the Assignment, the aggregate Revolving Loan
Commitment of Citigroup will be $7,000,000.

 

NOW THEREFORE, in
consideration of the foregoing premises and other good and valuable
consideration, the parties hereto hereby agree as follows:

 

1.             Definitions. 
Any capitalized term used herein and not defined herein shall have the
meaning assigned to it in the Credit Agreement.

 

 

1

 

 

2.             Amendments
to Definitions.

 

(a)           New definitions of “Second
Amendment” and “Second Amendment Revolving Loan Commitments” shall be added to Section 1.1
in alphabetical order reading as follows:

 

‘“Second Amendment”
means that certain Second Amendment to this Agreement dated as of May 2,
2006.”

 

‘“Second Amendment Effective
Date” means the date the Second Amendment becomes effective in
accordance with its terms.”

 

‘“Second Amendment Revolving
Loan Commitments” means the additional Revolving Loan Commitments
provided pursuant to the Second Amendment.”

 

3.             Amendments
to Section 2: Amounts and Terms of Commitments and Loans.

 

(a)           First paragraph of
subsection 2.1A(ii) of the Credit Agreement is hereby amended by deleting
such subsection in its entirety and substituting the following therefor:

 

(A)          “Revolving Loans.  Each Revolving Lender severally agrees,
subject to the limitations set forth below with respect to the maximum amount
of Revolving Loans permitted to be outstanding from time to time, to lend to
Company from time to time during the period from the Closing Date to but
excluding the Revolving Loan Commitment Termination Date an aggregate amount
not exceeding its Pro Rata Share of the aggregate amount of the Revolving Loan
Commitments to be used for the purposes identified in subsection 2.5B.  As of the Second Amendment Effective Date,
the amount of each Revolving Lender’s Revolving Loan Commitment is set forth
opposite its name on Schedule 2.1 annexed hereto and the aggregate
Revolving Loan Commitment Amount is $50,000,000 (consisting of Revolving Loan
Commitments in the aggregate amount of $40,000,000 as of the Closing Date plus
First Amendment Revolving Loan Commitments in the aggregate amount of $5,000,000
plus Second Amendment Revolving Loan Commitments in the aggregate amount of
$5,000,000); provided that the amount of the Revolving Loan Commitment of
each Revolving Lender shall be adjusted to give effect to any assignment of
such Revolving Loan Commitment pursuant to subsection 10.1B and shall be
reduced from time to time by the amount of any reductions thereto made pursuant
to subsection 2.4 and increased from time to time by the amount of any
increases thereto made pursuant to subsection 2.1(iv).  Each Revolving Lender’s Revolving Loan
Commitment shall expire on the Revolving Loan Commitment Termination Date and
all Revolving Loans and all other amounts owed hereunder with respect to the
Revolving Loans and the Revolving Loan Commitments shall be paid in full no
later than that date.  Amounts borrowed
under this subsection 2.1A(ii) may 

 

 

2

 

 

be repaid and reborrowed to but excluding the Revolving Loan Commitment
Termination Date.”

 

(b)           Company acknowledges
that, after giving effect to the Second Amendment Revolving Loan Commitments,
Company will have no further capacity to add Revolving Loan Commitments under
subsection 2.1A(iv).

 

4.             Amendment to Schedule 2.1.  Schedule 2.1 of the Credit Agreement is
hereby amended by increasing Citigroup’s Revolving Loan Commitment by
$7,000,000 and reducing BNP Paribas’ Revolving Loan Commitment by $2,000,000.

 

5.             Conditions to Effectiveness.  The effectiveness of this Amendment is
subject to the fulfillment of each of the following conditions precedent (the
date such conditions are fulfilled is hereafter referred to as the “Second
Amendment Effective Date”):

 

(a)           After giving effect
to this Amendment, no Event of Default or Potential Event of Default shall have
occurred and be continuing on the Second Amendment Effective Date or result
from this Amendment becoming effective in accordance with its terms and Company
shall have delivered an Officer’s Certificate to such effect.

 

(b)           Administrative Agent
shall have executed this Amendment and received a counterpart of this Amendment
that bears the signature of Citigroup, the Company and each of the Guarantors.

 

(c)           All corporate and
other proceedings taken or to be taken in connection with the transactions
contemplated hereby and all documents incidental thereto not previously found
acceptable by Administrative Agent, acting on behalf of Lenders, and its
counsel shall be satisfactory in form and substance to Administrative Agent and
such counsel, and Administrative Agent and such counsel shall have received all
such counterpart originals or certified copies of such documents as
Administrative Agent may reasonably request.

 

(d)           Administrative Agent
shall be satisfied that all requirements of subsection 2.1A(iv) of the
Credit Agreement shall have been met.

 

(e)           Delivery by Citigroup,
Company, BNP Paribas and Administrative Agent of the Assignment, together with
such other documentation and fees required by subsection 10.1 of the Credit
Agreement for the effectiveness of the Assignment pursuant to the Credit
Agreement.

 

6.             Expenses. 
Without limiting any obligation of the Company to reimburse the expenses
pursuant to the terms of the Loan Documents, the Company hereby agrees that on
or before the Second Amendment Effective Date, the Company shall reimburse the
Administrative Agent for any and all out of pocket expenses (including
reasonable attorneys’ fees) incurred by the Administrative Agent in connection
with this Amendment and the matters related hereto.

 

 

3

 

 

7.             Representations and Warranties.  The Company hereby represents and warrants to
the Lenders as follows:

 

(a)           Immediately prior
to, or after giving effect to this Amendment, no Event of Default or Potential
Event of Default has occurred and is continuing or would result from this
Amendment becoming effective in accordance with its terms.

 

(b)           The execution,
delivery, and performance by each of the Company and the Guarantors of this
Amendment have been duly authorized by all necessary action on the part of such
Person.

 

(c)           The execution,
delivery and performance by Company and the Guarantors of this Amendment and
the consummation of the transactions contemplated hereby do not and will not (i) violate
any provision of any law or any governmental rule or regulation applicable
to Company or any of their Subsidiaries, the Organizational Documents of
Company or any of their Subsidiaries or any order, judgment or decree of any
court or other Government Authority binding on Company or any of their
Subsidiaries, (ii) conflict with, result in a breach of or constitute
(with due notice or lapse of time or both) a default under any Contractual
Obligation of Company or any of its Subsidiaries, (iii) result in or
require the creation or imposition of any Lien upon any of the properties or
assets of Company or any of its Subsidiaries (other than any Liens created
under any of the Loan Documents in favor of Administrative Agent on behalf of
Lenders), or (iv) require any approval of stockholders or any approval or
consent of any Person under any Contractual Obligation of Company or any of its
Subsidiaries, except for such approvals or consents which will be obtained on
or before the Second Amendment Effective Date and disclosed in writing to
Lenders and except, in each case, to the extent such violation, conflict, Lien
or failure to obtain such approval or consent would not reasonably be expected
to result in a Material Adverse Effect.

 

(d)           This Amendment is
the legally valid and binding obligations of each of the Company and the
Guarantors, enforceable against such Person in accordance with its terms,
except as enforcement may be limited by equitable principles or by bankruptcy,
insolvency, reorganization, moratorium, or similar laws relating to or limiting
creditors’ rights generally.

 

8.             Miscellaneous.

 

(a)           Except as otherwise
expressly provided herein, each of the Company and the Guarantors hereby agree
that (i) the Credit Agreement and the other Loan Documents are, and shall
continue to be, in full force and effect and are hereby ratified and confirmed
in all respects, except that on and after the Second Amendment Effective Date (A) all
references in the Credit Agreement to “this Agreement,” “hereto,” “hereof,” “hereunder”
or words of like import referring to the Credit Agreement shall mean the Credit
Agreement as amended by this Amendment and (B) all references in the other
Loan Documents to the “Credit Agreement,” “thereto,” “thereof,” “thereunder” or
words of like import referring to the Credit Agreement shall mean the Credit
Agreement as amended by this Amendment, (ii) to the extent that the Credit
Agreement or any other 

 

 

4

 

 

Loan
Document purports to pledge to the Administrative Agent, or to grant to the
Administrative Agent a security interest in or lien on, any collateral as
security for the Obligations, such pledge or grant of a security interest or
lien is hereby ratified and confirmed in all respects, and (iii) the
execution, delivery and effectiveness of this Amendment shall not operate as an
amendment of any right, power or remedy of the Administrative Agent or the
Lenders under the Credit Agreement or any other Loan Document, nor constitute
an amendment of any provision of the Credit Agreement or any other Loan
Document.

 

(b)           Company hereby
acknowledges and agrees that this Amendment constitutes a “Loan Document” under
the Credit Agreement.  Accordingly, it
shall be an Event of Default under the Credit Agreement if any representation
or warranty made by the Company under or in connection with this Amendment
shall have been untrue, false or misleading in any material respect when made.

 

(c)           This Amendment may
be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which shall be deemed to be an original, but all
of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of this
Amendment by telefacsimile or electronic mail shall be equally as effective as
delivery of an original executed counterpart of this Amendment.

 

(d)           Section headings
herein are included for convenience of reference only and shall not constitute
a part of this Amendment for any other purpose.

 

9.             Acknowledgement and Consent by Guarantors.  Each guarantor listed on the signature pages hereof
(“Guarantors”) hereby acknowledges that it has read this Amendment and
consents to the terms thereof, and hereby confirms and agrees that, after the
effectiveness of this Amendment, the obligations of each Guarantor under its
applicable Guaranty shall not be impaired, excused or diminished and the
applicable Guaranty is, and shall continue to be, in full force and effect and
is hereby confirmed and ratified in all respects, and that the Guaranteed
Obligations shall include all Obligations under the Credit Agreement as amended
by this Amendment.  Each Guarantor
further agrees that nothing in the Credit Agreement, this Agreement or any
other Loan Document shall be deemed to require the consent of such Guarantor to
any future amendment to the Credit Agreement.

 

10.           Governing Law. 
THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING WITHOUT LIMITATION SECTION 5-1401
OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

 

 

5

 

 

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

 

	
   

  	
  COMPANY:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CLAYTON HOLDINGS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/
  Frederick C. Herbst

  	
   

  
	
   

  	
  Name: 

  	
  Frederick C. Herbst

  	
   

  
	
   

  	
  Title:

  	
   Chief Financial
  Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GUARANTORS:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GRP HOLDINGS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/
  Frederick C. Herbst

  	
   

  
	
   

  	
  Name: 

  	
  Frederick C. Herbst

  	
   

  
	
   

  	
  Title:

  	
   Treasurer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CLAYTON SERVICES, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/
  Frederick C. Herbst

  	
   

  
	
   

  	
  Name: 

  	
  Frederick C. Herbst

  	
   

  
	
   

  	
  Title:

  	
   Chief
  Financial Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CLAYTON TECHNOLOGIES, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/
  Frederick C. Herbst

  	
   

  
	
   

  	
  Name: 

  	
  Frederick C. Herbst

  	
   

  
	
   

  	
  Title:

  	
   Chief
  Financial Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  FIRST MADISON SERVICES, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/
  Frederick C. Herbst

  	
   

  
	
   

  	
  Name: 

  	
  Frederick C. Herbst

  	
   

  
	
   

  	
  Title:

  	
   Chief
  Financial Officer

  	
   

  
					

 

 

S-1

 

 

	
   

  	
  AG NI HOLDINGS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/
  Frederick C. Herbst

  	
   

  
	
   

  	
  Name: 

  	
  Frederick C. Herbst

  	
   

  
	
   

  	
  Title:

  	
   Chief
  Financial Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  QUANTUM SERVICING CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Steve
  Cohen

  	
   

  
	
   

  	
  Name

  	
  : Steve Cohen

  	
   

  
	
   

  	
  Title:

  	
   Vice
  President and Secretary

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TMHC HOLDINGS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Kevin
  J. Kanouff

  	
   

  
	
   

  	
  Name: 

  	
  Kevin J. Kanouff

  	
   

  
	
   

  	
  Title:

  	
   President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CLAYTON FIXED INCOME SERVICES
  INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Kevin
  J. Kanouff

  	
   

  
	
   

  	
  Name: 

  	
  Kevin J. Kanouff

  	
   

  
	
   

  	
  Title:

  	
   President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CLAYTON IPS CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Kevin
  J. Kanouff

  	
   

  
	
   

  	
  Name: 

  	
  Kevin J. Kanouff

  	
   

  
	
   

  	
  Title:

  	
   Chief
  Executive Officer

  	
   

  

 

 

S-2

 

 

	
   

  	
  ADMINISTRATIVE AGENT:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  BNP PARIBAS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Amy Kirschner

  	
   

  
	
   

  	
  Name:
  

  	
  Amy
  Kirschner

  	
   

  
	
   

  	
  Title:

  	
  Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Dimitri Jobert

  	
   

  
	
   

  	
  Name:
  

  	
  Dimitri
  Jobert

  	
   

  
	
   

  	
  Title:

  	
  Director

  	
   

  

 

 

S-3

 

 

	
   

  	
  LENDERS:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CITIGROUP
  GLOBAL MARKETS REALTY CORP.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Notice
  Address

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  390
  Greenwich Street, 6th Floor

  	
   

  
	
   

  	
  New
  York, NY 10013

  	
   

  
	
   

  	
  Attn:
  Kyle C. Sligar

  	
   

  
	
   

  	
  (212)
  723-5486

  	
   

  
	
   

  	
  kyle.sligar@citigroup.com

  	
   

  

 

 

S-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}]]