Document:

exhibit10_1.htm

 

FIRST AMENDMENT

 TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of March 3, 2011 by and between INTERMEC, INC., a Delaware corporation ("Borrower"), and WELLS FARGO BANK, NATIONAL ASSOCIATION (Bank").

 

RECITALS

 

Borrower and Bank are parties to that certain Amended and Restated Credit Agreement dated January 14, 2011 (the "Credit Agreement").  Borrower and Bank desire to amend the Credit Agreement in the manner set forth below.  All capitalized terms used herein and not otherwise defined herein shall have the meaning attributed to them in the Credit Agreement.

 

NOW, THEREFORE, in consideration of the mutual covenants and promises of the parties contained herein, Borrower, Administrative Agent and Required Lenders hereby agree as follows:

 

1.           Vocollect, Inc.    All references to Vancouver Acquisition Corporation in the Loan Documents, including, without limitation, the reference in Section 1.4 of the Credit Agreement and the references in the defined terms "Grantor," "Post-Acquisition Restructuring" and "Subsidiary Guarantor" are hereby amended to be references to Vocollect, Inc., a Pennsylvania corporation..

 

2.           Intermec International Inc.    All references to Intermec International Incorporated in the Loan Documents, including, without limitation, the reference in Section 1.4 of the Credit Agreement and the references in the defined terms "Grantor" and "Subsidiary Guarantor" are hereby amended to be references to Intermec International Inc..

 

3.           Effective Date Deliverables.    Section 3.1 of the Credit Agreement is hereby amended in its entirety to read as follows:

 

             SECTION 3.1.    EFFECTIVE DATE DELIVERABLES.  On or before the Effective Date:

 

(a)           Documentation.  On or before the Effective Date, Bank shall have received each of the following, duly executed with all exhibits and schedules thereto completed in a manner reasonably acceptable to Bank:

 

(i)           the Line of Credit Note;

 

(ii)          the Guaranties of Intermec International Inc. and Vocollect, Inc.; and

 

(iii)         the Guarantor's Acknowledgement, Consent and Reaffirmation of Intermec IP Corp. and Intermec Technologies Corporation in the form attached hereto as Exhibit F; and

 

(iv)         the Security Agreement.

 

(b)           Updated Schedules.  Before the Effective Date, Bank shall have received schedules to the Loan Documents (except to the extent a Loan Document provides for later delivery of any portion of its schedules), which schedules, if different than the information provided in the draft schedules included as part of Exhibits C, D and E hereto, shall contain changes reasonably acceptable to Bank.

 

(c)           Certificates; Legal Opinions.  On the Effective Date, Bank shall have received each of the following, in form and substance reasonably acceptable to Bank, with respect to Borrower and each Subsidiary Guarantor:

 

(i)           a certificate of its secretary or assistant secretary dated as of the Effective Date as to:  (A) resolutions of its board of directors then in full force and effect authorizing the execution, delivery and performance of this Agreement and each other Loan Document to be executed by it; (B) its bylaws, a copy of which is attached thereto; and (C) the incumbency and signatures of those of its officers authorized to act with respect to this Agreement and the Loan Documents to be executed by it;

 

(ii)           from the Secretary of State (or other appropriate governmental official) of its jurisdiction of incorporation, a good standing certificate and certified copy of its articles of incorporation; and

 

(iii)           an opinion of its legal counsel with respect to the matters identified on Exhibit G.

 

(d)           Audited Financial Statements.  At least three Business Days before the Effective Date, Borrower shall deliver to Bank its consolidated, audited financial statements for fiscal year 2010.  As soon as available, but in no event later than April 30, 2011, Borrower shall deliver to Bank the consolidated, audited financial statements of Vocollect, Inc. for fiscal year 2010.

 

(e)           Absence of Default.  As of the Effective Date, there shall be no continuing default under the Original Loan Documents and no circumstance that would constitute a default under this Agreement or any of the other Loan Documents.

 

 

  

  

 

  

 

4.           Schedules Regarding Vocollect, Inc. The Schedules to the Credit Agreement do not contain any information with respect to Vocollect, Inc.  On or before March 31, 2011, Borrower shall provide such addenda to the Schedules as are necessary to provide relevant information for Vocollect, Inc.  If the information provided in such addenda differs in any respect materially adverse to Bank from the information contained in the Agreement and Plan of Merger by and among Intermec, Inc., Vancouver Acquisition Corporation, Vocollect, Inc. and Riverside Fund IV, L.P. and Sidney R. Knafel dated as of January 15, 2011, Bank, in its sole discretion, may treat such circumstance as an Event of Default.

 

5.           Ratification.    Except as otherwise provided in this First Amendment, all of the provisions of the Credit Agreement are hereby ratified and confirmed and shall remain in full force and effect.

 

6.           One Agreement.    The Credit Agreement, as modified by the provisions of this First Amendment, shall be construed as one agreement.

 

7.           Effective Date.    This First Amendment shall be effective as of the date first written above upon execution and delivery by the parties of this amendment and the Consent and Acknowledgement of Guarantors and payment of the amendment fee provided in Section 2 above.

 

8.           Counterparts.    This First Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an original, and all of which when taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page of this First Amendment by fax or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this First Amendment.

 

 

[Signature page follows]

 

  

  

  

 

IN WITNESS WHEREOF, this First Amendment to Amended and Restated Credit Agreement has been duly executed as of the date first written above.

 

	  	
INTERMEC, INC.

 

By: /s/ Robert J. Driessnack                                                                 

Title: Senior Vice President, CFO and Treasurer 

 

	  	
WELLS FARGO BANK, NATIONAL ASSOCIATION

 

By: /s/ Gloria M. Nemecheck

Title: Vice Presidente PresidentExhibit 10.50  

INTERCOMPANY SERVICES EXTENSION AGREEMENT  

        This Extension Agreement dated as of January 1, 2011 is by and between Hallmark Cards, Incorporated ("Hallmark") and Crown Media
Holdings, Inc. (Crown Holdings"). 

        WHEREAS,
Crown Holdings and Hallmark have previously entered into that certain Intercompany Services Agreement between the parties dated as of December 23, 2002 as extended on
January 1, 2006, January 1, 2007, January 1, 2008, January 1, 2010, and as extended and amended on January 1, 2009 and May 1, 2010 (the "Services Agreement");
and 

        WHEREAS,
the parties desire to further extend the term of the Services Agreement; 

        NOW,
THEREFORE, Crown Holdings and Hallmark hereby agree as follows: 

        The
term of the Services Agreement shall be extended for an additional period terminating on December 31, 2011, subject to any earlier termination pursuant to the terms of the
Services Agreement. All other terms and conditions of the Services Agreement will remain unchanged and in full force and effect. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Extension Agreement as of the date set forth above. 

 

 

					
	 HALLMARK CARDS, INCORPORATED
	
 By:	
 	
/s/ BRIAN GARDNER

 	
 	

 
	
 Title:	
 	
 Executive Vice President

 	
 	

 
	 	 	 	 	 
	 CROWN MEDIA HOLDINGS, INC.
	
 By:	
 	
/s/ CHARLES STANFORD

 	
 	

 
	
 Title:	
 	
 EVP & General CounselExhibit 10.82  

FORM OF CROWN MEDIA HOLDINGS, INC.

2010 LONG TERM INCENTIVE COMPENSATION AGREEMENT 

        THIS
LONG TERM INCENTIVE COMPENSATION AGREEMENT (the "Agreement") is made and entered into as of January 1, 2010 (the "Grant Date"), by and between
Crown Media Holdings, Inc., a Delaware corporation ("Crown"),
and                                    ("Executive") pursuant to the
terms and conditions of the Amended and Restated Crown Media
Holdings, Inc. 2000 Long Term Incentive Plan (the "Plan"). Capitalized terms not defined in this Amended Agreement shall have the meanings set forth in the Plan. 

        1.     Awards. 

        (a)    General Award.    Pursuant to the Plan, Crown grants to Executive the opportunity to earn $            
("Target Award"), subject to the terms and conditions set forth in this Agreement and the Plan. A copy of the Plan has been delivered to the Executive. By signing below, the Executive agrees to be
bound by all the provisions of the Plan. Target Award constitutes an unsecured promise of Crown to deliver to Executive on the Delivery Date (as defined below) cash in the amount of the Target Award
actually achieved. Executive has only the rights of a general unsecured creditor of Crown. 

        (b)    Types of Awards.    Of the total Target Award, $            (50%) shall be deemed to be the Employment
Award and $            (50%) shall be deemed to be the Performance Award (collectively, the "Awards"). Vesting of the Performance Award shall depend on the degree to which the cumulative
cash flow
and EBITDA plan set forth on Schedule 1 hereto ("Performance Plan") is achieved. The applicable provisions of this Agreement shall be specified
by type of award, and if not so specified, shall apply to both awards granted hereunder. 

        2.     Vesting. 

        (a)    The Employment Award.    Subject to continued employment with Crown and/or its affiliates as of
August 31, 2012, the Employment Award shall vest and become nonforfeitable on August 31, 2012. 

        (b)   The Performance Award. 

          (i)  Performance Award Metrics. Subject to continued employment with Crown and/or its affiliates, as of December 31,
2012, the Performance Award is eligible to vest and become nonforfeitable in accordance with the 3-Year Cumulative Performance Award Metrics attached hereto as Schedule 1. 

        (ii)    Other Measures.    The Compensation Committee shall also have the ability to increase or decrease the payout
based on an assessment of demographics achieved, relative market conditions and management of expenses. 

        3.     Settlement of Awards. 

        Subject
to any cancellation of Awards pursuant to Section 4, Crown shall deliver to Executive on the Delivery Date, cash in the
amount of the Target Award actually achieved, unless Executive has otherwise elected to defer receipt of such award. Executive may only elect to defer provided that such election is made in accordance
with the terms of Crown's Deferred Compensation Plan as amended and restated effective January 1, 2008. 

        4.     Termination of Awards and Non-Delivery Upon Certain Other Events. 

        Subject
to Section 5 hereof, Executive's rights with respect to any outstanding unvested Awards shall immediately terminate and no
payment shall be made in respect of such Awards if, prior to the Vesting Date, Executive experiences a Termination of Employment (as defined in the Plan). 

        5.     Other Vestings. 

        (a)    The Employment Award.    Notwithstanding Section 4
hereof, a pro rata portion of any outstanding unvested Employment Award shall vest immediately upon an Executive's Termination of 

Employment
by reason of: (1) the death of the Executive; (2) the Disability of the Executive; or (3) an Executive's involuntary Termination of Employment without Cause, provided
that with respect to (3), such Termination occurs on or after January 1, 2011. 

        (b)    The Performance Award.    Notwithstanding Section 4
hereof, a pro rata portion of any outstanding Performance Award shall vest pursuant to and on the date indicated in  Section 2(b) upon an Executive's
Termination of Employment by reason of: (1) the death of the Executive; (2) the Disability of the
Executive; or (3) an Executive's involuntary Termination of Employment without Cause, provided that with respect to (3), such Termination occurs on or after January 1, 2011. 

        (c)    Pro Rata Calculations.    The pro rata portion shall be
calculated as the following percentage: The number of days an Executive was employed by Crown and/or its affiliates commencing with the date of this Agreement divided by the total number of days,
commencing with the date hereof and concluding with the scheduled vesting date as set forth in Section 2(a) or  2(b), as applicable. 

        6.    Definitions.    For purposes of this Agreement: 

        (a)   "Delivery
Date" with respect to the Employment Award shall mean any date designated by Crown within thirty (30) days following the Vesting Date and with respect
to the Performance Award, any date designated by Crown within the later of (x) thirty (30) days following the Vesting Date or (y) fifteen (15) days following the issuance
of Crown's audited financials for the relevant year, but in any event no later than March 15 of the year following the year in which the Performance Award is vested. 

        (b)   "Vesting
Date" for the Employment Award shall mean August 31, 2012 or the date on which any one of the events in  Section 5 occurs. Vesting Date for the Performance Award shall mean December 31,
2012, or the date on which any one of the events in  Section 5 occurs. 

        7.     Withholding Tax. 

        Executive
may be subject to withholding taxes as a result of the settlement of the Awards. Crown shall withhold from settlement payments the amount of such obligations, including all
applicable federal, state, local and foreign withholding taxes that Crown determines result from such settlement. 

        8.     Non-transferability. 

        No
Awards shall be assignable or otherwise transferable by Executive. During the life of Executive any elections with respect to Awards may be made only by Executive or Executive's
guardian or legal representative. 

        9.     Counterparts. 

        This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

        10.   Governing Law. 

        This
Agreement shall be governed by the laws of the State of Delaware, without regard to conflict of law principles. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Long Term Incentive Compensation Agreement as of the date first written above. 

 

 

					
	 	 	 CROWN MEDIA HOLDINGS, INC.
	 	 	 	 	 
	 	 	By:	 	

 
	 	 	 	 	Name:

Title:
	 	 	 	 	 
	 	 	

  EXECUTIVE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]