Document:

exv4w3

 

Exhibit 4.3

WILMINGTON TRUST CORPORATION

OFFICERS’ CERTIFICATE

8.50% SUBORDINATED NOTES DUE 2018

April 1, 2008

          The undersigned Authorized Officers hereby certify that, pursuant to resolutions duly adopted
by the Board of Directors of the Company on October 19, 2007 (collectively, the “Borrowing
Resolutions”), such Authorized Officers are authorized and empowered on behalf of the Company to
arrange or effect senior or subordinated borrowings in a specified amount. Pursuant to such
authority, the Authorized Officers hereby take the following actions:

RESOLVED, that, pursuant to that certain Indenture dated as of May 4, 1998 between
the Company and Wells Fargo Bank, National Association (as successor by merger to
Norwest Bank Minnesota, National Association), as Trustee, relating to subordinated
debt securities (the “Indenture”), the Authorized Officers hereby authorize and
approve the issuance and sale of a series of Securities (the “Notes”), as follows:

	 	(1)	 	The title of the Securities of this Series (the “Notes”) is:
“8.50% Subordinated Notes Due 2018.”	 
	 
	 	(2)	 	The aggregate principal amount of the Notes which may be
authenticated and delivered under the Indenture (except for Notes
authenticated and delivered upon registration of transfer of, or in
exchange for, or in lieu of, other Notes pursuant to Article Three or
Section 4.07, 9.06, or 15.03 of the Indenture) shall be limited to Two
Hundred Million Dollars ($200,000,000.00).	 
	 
	 	(3)	 	The Notes shall be issued in fully registered form, without
coupons, and none of the Notes shall be issuable in bearer form. The
Notes shall be issued in the form of one or more Global Securities
deposited in book-entry form with, or on behalf of, the Depository Trust
Company (“DTC”) or another successor depositary institution named by the
Company and, if deposited with or on behalf of DTC, will be registered
in the name of DTC’s nominee, Cede & Co. (“Cede”).	 
	 
	 	(4)	 	The Notes shall be denominated in, and the principal of, and
interest on, the Notes shall be payable in, United States dollars.	 
	 
	 	(5)	 	The Notes shall be issued in denominations of $2,000 and
integral multiples of $1,000 in excess of such amount.	 
	 
	 	(6)	 	The principal of the Notes shall be due and payable on April 2,
2018.	 

 

 

	 	(7)	 	The Notes shall bear interest at the rate of 8.50% per annum
from April 1, 2008 until the principal thereof is paid in full or made
available for payment. Such interest shall be payable semi-annually in
arrears on April 1 and October 1 of each year, commencing October 1,
2008 to the persons of record on March 15 or September 15 (whether or
not a Business Day) next preceding such April 1 or October 1,
respectively; and such interest shall be calculated on the basis of a
360-day year of twelve 30-day months.	 
	 
	 	(8)	 	The Notes shall not be subject to redemption at the option of
the Company.	 
	 
	 	(9)	 	The Notes shall not be subject to redemption at the option of a
Holder thereof or pursuant to any sinking fund or otherwise.	 
	 
	 	(10)	 	The Notes shall be substantially in the form attached hereto as
Exhibit A, the terms of which are incorporated by reference herein and
authorized hereby.	 
	 
	 	(11)	 	The Notes shall be subordinated to the rights of holders of
Senior Indebtedness and General Obligations as and to the extent
provided in the Indenture.	 
	 
	 	(12)	 	For so long as the Note is held by the Depositary or its
nominee, payment of principal and interest shall be made by wire
transfer to an account designated by the Depositary or its nominee. The
Place of Payment for Notes not held by the Depositary or its nominee and
the location for surrender of Notes for transfer or exchange shall be at
the Paying Agent’s office located at Wells Fargo Bank, National
Association, Corporate Trust Operations, 608 Second Avenue South,
N9303-121, Minneapolis, Minnesota 55479 and such other Place of Payment
as may be designated by Authorized Officers from time to time and for
the giving of notices shall be the Company’s offices at Rodney Square
North, 1100 North Market Street, Wilmington, Delaware 19890.	 
	 
	 	(13)	 	Wells Fargo Bank, National Association is hereby appointed and
designated to act as Trustee, Paying Agent, and Security Registrar under
the Indenture.	 

RESOLVED, that the Authorized Officers hereby adopt, ratify, and approve the
execution and delivery of an Underwriting Agreement (the “Underwriting Agreement”)
among the Company, J.P. Morgan Securities Inc., and Merrill Lynch, Pierce, Fenner &
Smith Incorporated, as representatives of the several

2

 

underwriters listed on
Schedule 1 thereto (the “Underwriters”) in substantially the
form attached hereto as Exhibit B with such changes therein,
additions thereto, and
deletions therefrom as the officers executing the same may approve,
and hereby adopt
and approve the performance by the Company of the Underwriting Agreement.

RESOLVED, that the Company is hereby authorized and directed to issue and sell the
Notes to the Underwriters in accordance with the Indenture, this
Certificate, and the
Underwriting Agreement and that the consideration for which the Notes shall be sold
by the Company to the Underwriters shall be Two Hundred Million Dollars
($200,000,000) plus accrued interest, if any, thereon from April 1, 2008 to the date
of delivery thereof, less an underwriting discount and commission in the amount of
0.65% of the principal thereof.

RESOLVED,
that the Authorized Officers and the secretary or any assistant
secretary of the
Company be, and each of them hereby is, authorized to take, or cause to be taken,
any and all action which each such Authorized Officer may deem necessary or
desirable to carry out the purpose and intent of the foregoing resolutions or in
order to perform, or cause to be performed, the obligations of the Company under the
Indenture, the Notes, and the Underwriting Agreement and, in connection therewith, to
make, execute, and deliver or cause to be made, executed, and delivered, all
agreements, undertakings, documents, certificates, orders, requests, or instruments
in the name and on behalf of the Company as each such Authorized Officer may deem
necessary or desirable.

RESOLVED, that all actions of the Company, its directors, officers, agents, and
employees heretofore taken in connection with the aforesaid matters hereby are
ratified, approved, and confirmed.

RESOLVED, that the capitalized terms used herein but not defined in this Certificate
shall have the meanings given to them in the Indenture.

RESOLVED, that this writing constitutes a complete record of the above actions taken
by the undersigned Authorized Officers as of the date first set forth above.

	 	 	 	 	 
	 

David R. Gibson

	 	 

Gerard A. Chamberlain
	 	 
	Executive Vice President

	 	Vice President	 	 
	and Chief Financial Officer

	 	and Assistant Secretary	 	 

3exhibit10_1.htm

    Exhibit
10.1

    

    THIS
REVOLVING PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), AND HAS BEEN ACQUIRED FOR INVESTMENT
AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION
THEREOF.  NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN
EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL FOR
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES
ACT.

    ______________________________________________________________________________

    

    

    $100,000 As
of March 26, 2008

     Los
Angeles, California

    

    

    REVOLVING
PROMISSORY NOTE

    

    In
consideration of such advances (hereinafter “Advance” or “Advances”) as W-Net, Inc., a California
corporation, or its assigns (collectively, “Holder”), from time to time
may make hereon to or for the benefit of TRESTLE HOLDINGS, INC., a
Delaware corporation (the “Company”), at the Company’s
offices at P.O. Box 4198, Newport Beach, CA 92661, or at such other place as the
parties may mutually agree, pursuant to the Revolving Credit Commitment, as
defined below, up to the maximum aggregate principal amount of One Hundred
Thousand U.S. Dollars ($100,000) (the “Maximum Aggregate Amount”),
the Company hereby promises to pay to Holder the principal amount of all
Advances, together with accrued interest thereon from the date of such Advances,
all subject to the terms and conditions set forth below.

    

    1. Revolving Credit
Commitment.

     

    1.1 Advances.  The
Holder agrees to make Advances to the Company from time to time during the
Revolving Credit Commitment Period, as defined below, in an aggregate principal
amount at any one time outstanding which does not exceed the Maximum Aggregate
Amount (the “Revolving Credit
Commitment”).  During the Revolving Credit Commitment Period,
the Company may use the Revolving Credit Commitment by borrowing, prepaying any
Advances in whole or in part, and re-borrowing, all in accordance with the terms
and conditions hereof.

     

    1.2           Interest.  Interest
shall accrue from the date of any Advances on any principal amount withdrawn,
and on accrued and unpaid interest thereon, at the rate of six percent (6%) per
annum, compounded annually.

     

    2. Revolving Credit Commitment
Period.  The revolving credit commitment period (the “Revolving Credit Commitment
Period”) shall commence as of the date hereof and shall expire on June
30, 2008 (the “Expiration
Date”).

     

    3. Procedure for Revolving
Credit Advances.

     

    3.1 The
Company may request Advances under the Revolving Credit Commitment during the
Revolving Credit Commitment Period on any day of the week, Monday through
Friday, 9 a.m. through 5 p.m., Pacific Time, (hereinafter referred to as any
“Business Day” or “Business Days”), provided that the Company
shall give the Holder irrevocable notice (which notice must be received by the
Holder prior to 12:00 Noon, Pacific Time) one (1) Business Day prior to the
requested Advance date, specifying (i) the amount of the Advance, and (ii) the
requested Advance date.  Each Advance under the Revolving Credit
Commitment shall be in an amount equal to $5,000 or a whole multiple of $5,000
in excess thereof.  Upon receipt of any such notice from the Company,
the Holder will make the amount of the Advance available prior to 12:00 Noon,
Pacific Time, on the Advance date requested by the Company in funds immediately
available to the Company.

     

    3.2 The
Holder shall maintain in accordance with its usual practice an account or
accounts evidencing indebtedness of the Company to the Holder resulting from
each Advance from time to time, including the amounts of principal and interest
payable and paid to the Holder from time to time under this Note.  The
parties acknowledge and agree that as of the date hereof, an aggregate principal
amount of $______________ in Advances is outstanding.

     

    4. Repayment
Procedure.

     

    4.1 General.  Repayment
on any Advances shall be made in lawful tender of the United
States.  Any payments on this Note made during the Revolving Credit
Commitment Period, as defined below, shall be credited first to any interest due
and the remainder to principal.

     

    4.2 Repayment of Principal and
Interest.  All outstanding and unpaid principal, and all
outstanding and accrued unpaid interest, shall become due and payable on and as
of the Expiration Date.

     

    4.3           Optional
Prepayment.  The Company may, at any time and from time to time
and without penalty, prepay all or any portion of the accrued and unpaid
interest on this Note and any outstanding principle amount of this
Note.

     

    5. Transfers.

     

    5.1 Holder
acknowledges that this Note has not been registered under the Securities Act of
1933, and agrees not to sell, pledge, distribute, offer for sale, transfer or
otherwise dispose of this Note in the absence of (i) an effective registration
statement under the Securities Act as to this Note and registration or
qualification of this Note under any applicable Blue Sky or state securities
laws then in effect, or (ii) an opinion of counsel, satisfactory to the Company,
that such registration and qualification are not required.

     

    5.2 Subject
to the provisions of Section 5.1 hereof,
this Note and all rights hereunder are transferable, in whole or in part, upon
surrender of the Note with a properly executed assignment, in the form
prescribed by the Company, at the principal office of the Company; provided, however, that this
Note may not be transferred in whole or in part without the prior written
consent of the Company.

     

    5.3 Until any
transfer of this Note is made in the Note register, the Company may treat the
registered Holder of this Note as the absolute owner hereof for all purposes;
provided, however, that
if and when this Note is properly assigned in blank, the Company may (but shall
not be required to) treat the bearer hereof as the absolute owner hereof for all
purposes, notwithstanding any notice to the contrary.

     

    5.4 The
Company will maintain a register containing the name and address of the
registered Holder of this Note.  Any registered Holder may change such
registered Holder’s address as shown on the Note register by written notice to
the Company requesting such change.

     

    5.5 In the
discretion of the Company, the Company may condition any transfer of all or any
portion of this Note (other than a disposition satisfying the conditions set
forth in clause (i) of Section 5.1 above)
upon the transferee’s delivery to the Company of a written agreement, in form
and substance satisfactory to the Company, whereby the transferee agrees to be
bound by the transfer restrictions set forth in this Section
5.

    

    6. Events of
Default.

     

    6.1 Events of
Default.  The occurrence of any or all of the following events
shall constitute an event of default (each, an “Event of Default”) by the
Company under this Note:

     

    (i)           Default
by the Company in any payment on this Note after any such payment becomes due
and payable; or

    

    (ii)           Breach
by the Company of any material provisions of any agreement between the Company
and the Holder; or

    

    (iii)           The
Company shall file a voluntary petition in bank­ruptcy or any petition or
answer seeking for itself any reorgan­ization, readjustment, arrangement,
composition or similar relief; or shall commence a voluntary case under the
federal bankruptcy laws; or shall admit in writing its insolvency or its
inability to pay its debts as they become due; or shall make an assignment for
the benefit of creditors; or shall apply for, consent to, or acquiesce in the
appointment of, or the taking of possession by, a trustee, receiver, custodian
or similar official or agent of the Company or of substantially all of its
property and shall not be discharged within ninety (90) days; or a petition
seeking reorganization, readjustment, arrangement, composition or other similar
relief as to the Company under the federal bankruptcy laws or any similar law
for the relief of debtors shall be brought against the Company and shall be
consented to by it or shall remain undismissed for ninety (90)
days.

    

    6.2 Consequence of
Default.  Upon the occurrence of any Event of Default, the
Holder shall be held in a first credit position on the entire amount due on this
Note, and, this Note shall immediately become due and payable upon written
notice from the Holder, and, from the time of the Company’s receipt of such
written notice until this Note shall be paid in full, the unpaid outstanding
principal balance of this Note shall bear interest at the rate of ten percent
(10%) per annum or the legal rate of interest, whichever is lower, (calculated
on the basis of a three hundred sixty-five (365) day year for the actual number
of days elapsed) (the “Default
Rate”).  Moreover, after the occurrence of any such Event of
Default, the Holder may proceed to protect and enforce its rights, at law, in
equity or otherwise, against the Company.

     

    6.3 Payment of Costs and
Expenses.  In the event that this Note is placed in the hands
of any attorney for collection, or any suit or proceeding is brought for the
recovery or protection of the indebtedness hereunder, then and in any such
events, the Company shall pay on demand all reasonable costs and expenses of
such suit or proceedings incurred by the Holder, including a reasonable
attorneys' fee.

     

    7. Miscellaneous.

     

    7.1 Delay.  No
extension of time for payment of any amount owing hereunder shall affect the
liability of the Company for payment of the indebtedness evidenced
hereby.  No delay by the Holder or any holder hereof in exercising any
power or right hereunder shall operate as a waiver of any power or right
hereunder.

     

    7.2 Waiver and
Amendment.  No waiver or modification of the terms of this Note
shall be valid without the written consent of the Holder.

     

    7.3 Governing
Law.  This Note shall be governed by and construed in
accordance with the laws of the State of California as applied to contracts
entered into between California residents wholly to be performed in California,
without regard to conflict of law principles of such State.

     

    7.4 Severability.  In
case any provision contained herein (or part thereof) shall for any reason be
held to be invalid, illegal, or unenforceable in any respect, such invalidity,
illegality, or other unenforceability shall not affect any other provision (or
the remaining part of the affected provision) hereof, but this Note shall be
construed as if such invalid, illegal, or unenforceable provision (or part
thereof) had never been contained herein, but only to the extent that such
provision is invalid, illegal, or unenforceable.

     

    7.5 Notice.  All
notices and other communica­tions among the parties shall be in writing and
shall be deemed to have been duly given when (i) delivered in person, or (ii)
five (5) days after posting in the U.S. mail as registered mail or certified
mail, return receipt re­quest­ed, or (iii) delivered by telecopier and
promptly confirmed by delivery in person or post as aforesaid in each case, with
postage prepaid, addressed as follows:

     

    If to the
Company, to:

    

    Trestle
Holdings, Inc.

    P.O. Box
4198

    Newport
Beach, CA 92661

    Attn:
President

    Fax:

    

    If to the
Holder, to:

    

    W-Net,
Inc.

    3940
Laurel Canyon Blvd.

    Suite
327

    Studio
City, CA 91604

    Attention:
President

    Fax:

    

    IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed and
delivered by its authorized officer as of the date first above
written.

    

    

    TRESTLE HOLDINGS, INC., a
Delaware corporation

    

    

    By:         /s/ ERIC
STOPPENHAGEN                                                                

    Name:                         Eric
Stoppenhagen

    Title:              Interim
President

    

    

    

    ACKNOWLEDGED:

    

    W-Net, Inc.

    

    

    By:         /s/ DAVID
WEINER

    David Weiner

    President

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