Document:

Exhibit 10.6

 

ADDENDUM

TO

STOCK ISSUANCE AGREEMENT

 

The following provisions
are hereby incorporated into, and are hereby made a part of, that certain Stock
Issuance Agreement dated                              
(the “Issuance Agreement”) by and between Silicon Laboratories Inc. (the “Corporation”)
and                                 
(“Participant”) evidencing the stock issuance on such date to Participant under
the terms of the Corporation’s 2000 Stock Incentive Plan, and such provisions
shall be effective immediately.  All
capitalized terms in this Addendum, to the extent not otherwise defined herein,
shall have the meanings assigned to such terms in the Issuance Agreement.

 

INVOLUNTARY TERMINATION 

FOLLOWING CHANGE IN CONTROL

 

1.                                       To the extent the Repurchase Right
is assigned to the successor entity (or parent company) or otherwise continues
in full force and in connection with a Change in Control, no accelerated
vesting of the Purchased Shares shall occur upon such Change in Control, and
the Repurchase Right shall continue to remain in full force and effect in
accordance with the provisions of the Issuance Agreement.  The Participant shall, over Participant’s
period of Service following the Change in Control, continue to vest in the
Purchased Shares in one or more installments in accordance with the provisions
of the Issuance Agreement.

 

2.                                       Immediately upon an Involuntary
Termination of Participant’s Service within eighteen (18) months following the
Change in Control, the Repurchase Right shall terminate automatically and all
the Purchased Shares shall vest in full.

 

3.                                       For purposes of this Addendum, the
following definitions shall be in effect:

 

An Involuntary
Termination shall mean the termination of Participant’s Service by
reason of:

 

(i)                                     Participant’s
involuntary dismissal or discharge by the Corporation for reasons other than
Misconduct, or

 

(ii)                                  Participant’s
voluntary resignation following (A) a change in Participant’s position with the
Corporation (or Parent or Subsidiary employing Participant) which materially
reduces Participant’s level of responsibility, (B) a reduction in Participant’s
level of compensation (including base salary, fringe benefits and target bonus

 

 

under
any performance based bonus or incentive programs) by more than fifteen percent
(15%) or (C) a relocation of Participant’s place of employment by more than
fifty (50) miles, provided and only if such change, reduction or
relocation is effected by the Corporation without Participant’s consent.

 

A Change in
Control shall mean a change in ownership or control of the
Corporation effected through any of the following transactions:

 

(i)                                     a
merger, consolidation or reorganization approved by the Corporation’s
stockholders, unless securities representing more than fifty percent
(50%) of the total combined voting power of the voting securities of the
successor corporation are immediately thereafter beneficially owned, directly
or indirectly and in substantially the same proportion, by the persons who
beneficially owned the Corporation’s outstanding voting securities immediately
prior to such transaction.

 

(ii)                                  any
stockholder-approved transfer or other disposition of all or substantially all
of the Corporation’s assets, or

 

(iii)                               the
acquisition, directly or indirectly by any person or related group of persons
(other than the Corporation or a person that directly or indirectly controls,
is controlled by, or is under common control with, the Corporation), of
beneficial ownership (within the meaning of Rule 13d-3 of the 1934 Act) of
securities possessing more than fifty percent (50%) of the total combined
voting power of the Corporation’s outstanding securities pursuant to a tender
or exchange offer made directly to the Corporation’s stockholders.

 

Misconduct
shall mean the commission of any act of fraud, embezzlement or dishonesty by
the Participant, any unauthorized use or disclosure by the Participant of
confidential information or trade secrets of the Corporation (or any Parent or
Subsidiary), or any other intentional wrongdoing by the Participant, whether by
omission or commission, which adversely affects the business or affairs of the
Corporation (or any Parent or Subsidiary) in a material manner.  The foregoing definition shall not limit the
grounds for the dismissal or discharge of the Participant or other person in
the Service of the Corporation (or any Parent or Subsidiary).Exhibit 10.1

 

FIRST AMENDMENT TO CREDIT
AGREEMENT

 

This FIRST AMENDMENT TO
CREDIT AGREEMENT, dated as of February 10, 2005 (this “Amendment”),
is entered into among WATSON PHARMACEUTICALS, INC., a Nevada corporation (the “Borrower”),
the Lenders (as defined below) party hereto and the Administrative Agent (as
defined below), and amends the Credit Agreement, dated as of May 30, 2003 (as
amended, supplemented or modified from time to time, the “Credit Agreement”),
entered into among the Borrower, the financial institutions from time to time
party hereto, whether by execution of the Credit Agreement or an Assignment and
Acceptance (the “Lenders”), WACHOVIA BANK, NATIONAL ASSOCIATION, in its
capacity as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”), BANK OF AMERICA, N.A. and CIBC WORLD MARKETS CORP., each in its
capacity as co-syndication agent for the Lenders (each, in such capacity, a “Syndication
Agent”), and LEHMAN COMMERCIAL PAPER, INC., in its capacity as
documentation agent for the Lenders (in such capacity, the “Documentation
Agent”).  Unless otherwise defined
herein, the terms defined in the Credit Agreement shall be used herein as
therein defined.

 

PRELIMINARY STATEMENT

 

The Requisite Lenders and
the Borrower have agreed, subject to the terms and conditions of this
Amendment, to amend the Credit Agreement as hereinafter set forth.

 

STATEMENT OF AGREEMENT

 

SECTION 1.  Amendment to
Credit Agreement.  The Credit
Agreement is, effective as of the date hereof and subject to the satisfaction
of the conditions precedent set forth in Section 2 hereof, hereby amended
as follows:

 

(a)                                  The definition of “Revolving Loan
Commitment Termination Date” is amended by deleting clause (A) thereof in
its entirety and substituting therefor the following:

 

“(A)
May 1, 2008,”

 

(b)                                 Section 3.03(b) of the Credit
Agreement is amended by deleting it in its entirety and substituting therefor
the following:

 

“(b)                           Apportionment of Payments.

 

(i)                                     Subject to the provisions of Section 3.03(b)(ii),
all payments of principal and interest in respect of outstanding Revolving
Loans shall be applied by the Administrative Agent to the ratable payment of
the Revolving Loans owing to the Lenders in accordance with their respective
Pro Rata Shares thereof.

 

(ii)                                  After the occurrence of an Event of
Default and while the same is continuing, the Administrative Agent shall apply
all payments and prepayments of any Obligations in the following order (without
duplication):

 

 

(A)                              first, to pay all principal of and interest on any
Revolving Loans which the Administrative Agent may have advanced on behalf of
any Lender pursuant to Section 2.01(c)(ii) for which the
Administrative Agent has not been reimbursed by such Lender or the Borrower;

 

(B)                                second, to pay all Obligations in respect of any fees,
expense reimbursements or indemnities then due to the Agents (solely in their
capacity as Agents);

 

(C)                                third, to pay all Obligations in respect of any expense
reimbursements or indemnities then due to any Lender;

 

(D)                               fourth, to pay all Obligations consisting of accrued fees
and interest then due; and

 

(E)                                 fifth, to pay all other Obligations then outstanding and
due (including, without limitation, all outstanding principal thereof and all
outstanding Reimbursement Obligations), and thereafter, solely to the extent
then required by the Agent and the Requisite Lenders, to the cash
collateralization of any remaining outstanding Letter of Credit Obligations.

 

The order of priority set forth in this Section 3.03(b)(ii)
and the related provisions of this Agreement are set forth solely to determine
the rights and priorities of the Administrative Agent and the Lenders as among
themselves.  In carrying out the
foregoing, each of the Lenders (including the Issuing Bank, for this purpose)
shall receive an amount equal to its pro rata share (based on the proportion
that the amount of the relevant Obligations held by such Lender bears to the
aggregate amount of the relevant Obligations held by all Lenders) of amounts
available to be applied pursuant to clauses (C) through (E) above.  If sufficient funds are not available to fund
all Obligations described in any of the foregoing clauses (A) through (E),
the available funds shall be allocated to the Obligations described in such
clause ratably as provided herein.”

 

(c)                                  Section 9.06 of the Credit Agreement
is amended by deleting the number “$125,000,000” in subsection (a) thereof
and inserting “$300,000,000” in substitution therefor.

 

(d)                                 Section 6.01(J) of the Disclosure
Letter is amended by inserting the following at the end of the sentence
immediately before the period:

 

“and to the matters described and set forth under the
captions “Securities Litigation” and “Department of Health and Human Services
Subpoena” in the Borrower’s Report on Form 10-K for the fiscal year ended December 31,
2003 and under the captions “Securities Litigation” and “Hormone Replacement
Therapy Litigation” in the Borrower’s Reports on Form 10-Q for the quarterly
periods ended June 30, 2004 and September 30, 2004, as applicable.”

 

SECTION 2.  Conditions
Precedent to Effectiveness.  This
Amendment shall become effective as of the date first above written when the
Administrative Agent shall have received this Amendment executed by the
Borrower and the Requisite Lenders.

 

2

 

SECTION 3.  Representations
and Warranties.  The Borrower
represents and warrants as follows:

 

(a)                                  After giving effect
to this Amendment, all of the representations and warranties contained in Section 6.01
of the Credit Agreement and in the other Loan Documents are true and complete
in all material respects (except to the extent that such representations or
warranties are made as of an earlier date, in which case they shall be true and
complete in all material respects as of such earlier date).

 

(b)                                 After giving effect to this Amendment, no
Default or Event of Default has occurred and is continuing.

 

SECTION 4.  Reference to
and Effect on the Loan Documents.

 

(a)                                  Upon the effectiveness of this Amendment,
on and after the date hereof each reference in the Credit Agreement to “this
Agreement,” “hereunder,” “hereof” or words of like import referring to the
Credit Agreement, and each reference in the other Loan Documents to “the Credit
Agreement,” “thereunder,” “thereof” or words of like import referring to the
Credit Agreement, shall mean and be a reference to the Credit Agreement as
amended hereby.

 

(b)                                 Except as specifically amended above, the
Credit Agreement and all other Loan Documents are and shall continue to be in
full force and effect and are hereby in all respects ratified and confirmed.

 

(c)                                  The execution, delivery and effectiveness
of this Amendment shall not operate as a waiver of any right, power or remedy
of any Lender or the Administrative Agent under any of the Loan Documents, nor
constitute a waiver of any provision of any of the Loan Documents.

 

SECTION 5.  Execution in
Counterparts.  This Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed to be an original and all of which taken together shall constitute but
one and the same agreement.

 

SECTION 6.  Governing Law.  This Amendment shall be governed by, and
construed in accordance with, the laws of the State of New York.

 

3

 

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

 

 

	
   

  	
  WATSON PHARMACEUTICALS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Charles P. Slacik

  	
   

  
	
   

  	
  Name:

  	
  Charles P. Slacik

  
	
   

  	
  Title:

  	
  Executive Vice President and Chief

  
	
   

  	
   

  	
  Financial Officer

  

 

S-1

 

	
   

  	
  WACHOVIA BANK, NATIONAL

  
	
   

  	
  ASSOCIATION, as Administrative Agent and

  
	
   

  	
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Christian M. Bradeen

  	
   

  
	
   

  	
  Name:

  	
  Christian M. Bradeen

  
	
   

  	
  Title:

  	
  Vice President

  

 

S-2

 

	
   

  	
  CIBC INC., as Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ George Knight

  	
   

  
	
   

  	
  Name:

  	
  George Knight

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
  CIBC World Markets Corp. as Agent

  

 

S-3

 

	
   

  	
  BANK OF AMERICA, N.A., as Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Joseph Corah

  	
   

  
	
   

  	
  Name:

  	
  Joseph Corah

  
	
   

  	
  Title:

  	
  Senior Vice President

  

 

S-4

 

	
   

  	
  LEHMAN COMMERCIAL PAPER, INC., as

  
	
   

  	
  Lender

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Janine M. Shugan

  	
   

  
	
   

  	
  Name:

  	
  Janine M. Shugan

  
	
   

  	
  Title:

  	
  Authorized Signatory

  

 

S-5

 

	
   

  	
  BANCO POPULAR DE PUERTO RICO, NEW

  
	
   

  	
  YORK BRANCH, as Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Hector J. Gonzalez

  	
   

  
	
   

  	
  Name:

  	
  Hector J. Gonzalez

  
	
   

  	
  Title:

  	
  Vice President

  

 

S-6

 

	
   

  	
  BANK LEUMI USA, as Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Joung Hee Hong

  	
   

  
	
   

  	
  Name:

  	
  Joung Hee Hong

  
	
   

  	
  Title:

  	
  Vice President

  

 

S-7

 

	
   

  	
  THE BANK OF EAST ASIA, LIMITED, as Lender

  
	
   

  	
  LOS ANGELES BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ David Loh

  	
   

  
	
   

  	
  Name:

  	
  David Loh

  
	
   

  	
  Title:

  	
  SVP-Commercial Lending

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Victor Li

  	
   

  
	
   

  	
  Name:

  	
  Victor Li

  
	
   

  	
  Title:

  	
  General Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature page for First Amendment to the Credit

  
	
   

  	
  Agreement for Watson Pharmaceuticals, Inc.

  

 

S-8

 

	
   

  	
  CHIAO TUNG BANK
  CO., LTD.  NEW YORK

  AGENCY, as Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

S-9

 

	
   

  	
  COMERICA BANK,
  as Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Don R. Carruth

  	
   

  
	
   

  	
  Name:

  	
  Don R. Carruth

  	
   

  
	
   

  	
  Title:

  	
  Corporate
  Banking Officer

  

 

S-10

 

	
   

  	
  E.SUN COMMERCIAL
  BANK, LTD., LOS

  
	
   

  	
  ANGELES BRANCH,
  as Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Benjamin Lin

  	
   

  
	
   

  	
  Name:

  	
  Benjamin Lin

  	
   

  
	
   

  	
  Title:

  	
  EVP &
  General Manager

  

 

S-11

 

	
   

  	
  FIRST COMMERCIAL
  BANK, as Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Chih-Tiao Shih

  	
   

  
	
   

  	
  Name:

  	
  Chih-Tiao Shih

  	
   

  
	
   

  	
  Title:

  	
  SAVP &
  Deputy General Manager

  

 

S-12

 

	
   

  	
  THE NORTHERN TRUST COMPANY, as Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ John E. Burda

  	
   

  
	
   

  	
  Name:

  	
  John E. Burda

  
	
   

  	
  Title:

  	
  Vice President

  

 

S-13

 

	
   

  	
  SUMITOMO MITSUI BANKING

  
	
   

  	
  CORPORATION, as Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Al Galluzzo

  	
   

  
	
   

  	
  Name:

  	
  Al Galluzzo

  
	
   

  	
  Title:

  	
  Senior Vice President

  

 

S-14

 

	
   

  	
  TAIPEI BANK, as
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

S-15

 

	
   

  	
  U.S. BANK,
  NATIONAL ASSOCIATION, as

  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

S-16

 

	
   

  	
  UNION BANK OF CALIFORNIA, N.A., as Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Peter Thompson

  	
   

  
	
   

  	
  Name:

  	
  Peter Thompson

  
	
   

  	
  Title:

  	
  Vice President

  

 

S-17

 

	
   

  	
  UNITED OVERSEAS BANK LIMITED, LOS

  
	
   

  	
  ANGELES AGENCY, as Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Hoong Chen

  	
   

  
	
   

  	
  Name:

  	
  Hoong Chen

  
	
   

  	
  Title:

  	
  First VP and General Manager

  

 

S-18

 

	
   

  	
  CATHAY UNITED BANK (fka United World

  
	
   

  	
  Chinese Commercial Bank), as Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Allen Peng

  	
   

  
	
   

  	
  Name:

  	
  Allen Peng

  
	
   

  	
  Title:

  	
  EVP and General Manager

  

 

S-19

 

	
   

  	
  WELLS FARGO BANK, N.A., as Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Daniel J. Heller

  	
   

  
	
   

  	
  Name:

  	
  Daniel J. Heller

  
	
   

  	
  Title:

  	
  SVP

  

 

S-20

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]