Document:

Unassociated Document

    
      

    

    
       

      Exhibit
        - Georgia Exploration, Inc. Form 10-QSB

       

      10.4   
        Assignment of Oil, Gas and Mineral Leases effective April 28, 2006 by and
        between CodeAmerica Investments, LLC and
        Wharton Resources LP for its oil and gas lease interests located in Wharton
        County, Texas.

       

      ASSIGNMENT
        OF
        OIL,
        GAS AND MINERAL LEASES

      

        

          
            	
                    THE
                      STATE OF TEXAS

                  	 	
                    §

                  	 
	 	 	 	 
	
                    COUNTY
                      OF WHARTON

                  	 	
                    §

                  	 

          

        

         

        This
          assignment
          of oil gas and mineral leases made
          effective the 28th
          day
of
          April
          2006 (the effective date), by and between CODEAMERICA INVESTMENTS, LLC,
          with
offices
          located at 8900 Germantown Rd., Suite 100, Olive Branch, Mississippi 38654,
          hereinafter called “Assignor”,
          and WHARTON
          RESOURCES LP with offices at 519 Heights Boulevard, Houston, Texas 77007,
          hereinafter called “Assignee”,

      

       

      WITNESSETH:

       

      ASSIGNMENT,
        For and in consideration of the sum of Ten Dollars ($10.00) and other good
        and
        valuable consideration herein paid by Assignee, the receipt and sufficiency
        of
        which is hereby acknowledged, Assignor, subject to any reservations and
        conditions hereinafter set out, hereby
        ASSIGNS AND TRANSFERS unto Assignee its interests in all existing and after
        acquired oil
        and
        gas lease interests (collectively referred as the Oakcrest Prospect) located
        in
        Wharton County, Texas.

       

      TO
        HAVE
        AND TO HOLD the oil, gas and mineral leases and the oil, gas and mineral
        estate
        created thereby, insofar as it covers the said tracts of land, unto the said
        Assignee, together with all and singular, the rights and appurtenances thereto
        in anywise belonging, forever; and Assignor
        does not bind itself, its heirs, administrators, executors and assigns, to
        the
        extent hereafter indicated,
        to WARRANT and FOREVER DEFEND all and singular the said oil, gas and mineral
        lease
        and
        the oil, gas and mineral leasehold estate created thereby. This Assignment
        covers the said
        tracts of land, unto the said Assignee, his heirs and assigns, against every
        person whomsoever claiming or to claim the same or any part thereof (except
        as
        to any reservation hereinafter contained) by through and under Assignor,
        but not
        otherwise, and to the extent that the assignment herein
        made transfers and assigns a its working interests and its associated net
        revenue interests for the
        oil,
        gas and other minerals that may be produced and saved from the lands covered
        by
        the oil, gas and mineral leases assigned herein.

       

      Without
        limitation or expansion of the foregoing special warranty of title, as of
        the
effective
        date Assignor warrants that:

      
        
          
          

        

        
          -
            1
            -

          
            

          

        

        
          
          

        

      

       

      (1) The
        net
        oil, gas and mineral leasehold estate herein conveyed are interests held
        by the
        Assignor;

       

      (2) That
        all
        rentals and royalties payable under the leases have been paid;

       

      (3) That
        the
        leases are in full force and effect, and are valid and subsisting oil, gas
        and
        mineral lease against the said tracts of land; and

       

      (4) That
        Assignor has the corporate right and authority to sell and convey the
        same.

       

      IN
        WITNESS WHEREOF, this Assignment of Oil, Gas and Mineral Leases is EXECUTED
        effective this 30th
        day of
        September 2006.

       

      

      
        	 	
                /s/
                  Wm M. Cox

              	 
	 	
                Wm
                  Milton Cox

              	 
	 	
                CodeAmerica
                  Investments, LLC

              	 
	 	
                “Assignor”

              	 

      

       

       

       
-
        2
        -EIGHTH
      AMENDMENT and WAIVER

    TO
      LOAN AGREEMENT

    

    EIGHTH
      AMENDMENT,
      dated January 17, 2007 (the "Amendment"),
      to
      the Loan Agreement referred to below, by and among (i) GENERAL DATACOMM
      INDUSTRIES, INC., a Delaware corporation, GENERAL DATACOMM, INC., a Delaware
      corporation ("GDC"),
      GDC
      HOLDING COMPANY, LLC, a Delaware limited liability company, GDC NAUGATUCK,
      INC.,
      a Delaware corporation, GDC FEDERAL SYSTEMS, INC., a Delaware corporation,
      GDC
      REALTY, INC., a Texas corporation (each,
      a
      "Borrower"
      and
      collectively, the "Borrowers"),
      (ii) the lenders party thereto from time to time (the "Lenders"),
      and
      (iii) ABLECO FINANCE LLC, as agent for the Lenders (in such capacity, the
      "Agent")
      and
      (iv) the Debenture Holders as defined in Section 2 of the Amendment.

    

    WHEREAS,
      the Borrowers are obligated to repay certain indebtedness owing to the Agent
      and
      the Lenders under that certain Loan and Security Agreement dated as of August
      20, 2002 (as amended, supplemented and otherwise modified from time to time,
      the
      "Loan
      Agreement");

    

    WHEREAS,
      the parties have agreed, among other things, (i) to modify the amortization
      schedule in respect of the Term Loans, (ii) to extend the Maturity Date until
      December 31, 2008, (iii) for certain affiliates of the Lenders defined herein
      as
      Debenture Holders to sell (or cause to be sold) to the Parent for $1.00 the
      Debentures held directly or indirectly by such affiliates (the "Debentures")
      and
      (iv) to permit Howard S. Modlin to make additional Affiliate Loans to the
      Borrowers;

    

    WHEREAS,
      the parties are willing to agree to the foregoing described in the immediately
      preceding paragraph, subject to (i) the execution and delivery of this Amendment
      by the Borrowers, and (ii) the other terms and conditions set forth in this
      Amendment; 

    

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

    

    1.1.  Definitions
      in Amendment.
      Any
      capitalized term used herein and not defined shall have the meaning assigned
      to
      it in the Loan Agreement.

    

    1.2. Existing
      Definitions.

    

    (a) The
      definition of the term "Affiliate Loans" in Section
      1.1
      of the
      Loan Agreement is hereby amended in its entirety to read as follows:

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    "Affiliate
      Loans"
      means
      (i) the loans made by Howard S. Modlin and John L. Segall to the Parent, on
      or
      about December 30, 2003 in an aggregate principal amount of $600,000, which
      loans are evidenced by Promissory Notes issued by the Parent and dated on or
      about December 30, 2003, (ii) the loans made by Howard S. Modlin and John L.
      Segall to the Parent on or about March 1, 2004 in an aggregate principal amount
      of $250,000, which loans are evidenced by Promissory Notes issued by the Parent
      and dated on or about March 1, 2004, (iii) the loans made by Howard S.
      Modlin and John L. Segall to the Parent on or about April 1, 2004 in an
      aggregate principal amount of $250,000, which loans are evidenced by Promissory
      Notes issued by the Parent and dated on or about April 1, 2004, (iv) the loan
      made by Howard S. Modlin to the Parent on or about June 30, 2004 in the
      principal amount of $250,000, which loan is evidenced by a Promissory Note
      issued by the Parent and dated on or about June 30, 2004, (v) the loan made
      by
      Howard S. Modlin to the Parent on or about September 30, 2004 in an principal
      amount of $250,000, which loan is evidenced by a Promissory Note issued by
      the
      Parent and dated on or about September 30, 2004, all of which loans described
      in
      clauses (i) through (v) above were amended and restated on December 9, 2005,
      to
      extend the maturity of all such loans, including unpaid accrued interest, 50%
      of
      which is payable one year from original due date and 50% of which is payable
      two
      years after original due date, (vi) the loan made by Howard S. Modlin to the
      Parent on or about February 17, 2006 in the original principal amount of
      $250,000, which loan is evidenced by a Promissory Note issued by Parent and
      dated on or about April 20, 2006, and (vii) one or more loans made by Howard
      S.
      Modlin to the Parent after December 31, 2006 in the aggregate principal amount
      not to exceed $2,000,000, subject to Section
      7.1(g)
      hereof."

    

    (b) The
      definition of the term "Permitted Liens" in Section
      1.1
      of the
      Loan Agreement is hereby amended by (i) deleting the word "and" immediately
      preceding clause (o) therein and (ii) inserting the following immediately
      preceding the period at the end of such definition, to read as
      follows:

    

    "and
      (p)
      Liens on the Naugatuck Property for taxes or securing the Indebtedness permitted
      under Section
      7.1(h)."

    

    1.3. New
      Definitions.
      Section
      1.1
      of the
      Loan Agreement is hereby amended by inserting the following definitions thereto
      in the proper alphabetical order: 

    

    "'Extraordinary
      Receipts'
      means
      any cash received by the Parent or any of its Subsidiaries not in the ordinary
      course of business, including, without limitation, any such receipts which
      are:
      (i) foreign, United States, state or local tax refunds, (ii) pension plan
      reversions, (iii) proceeds of insurance, (iv) judgments, proceeds of settlements
      or other consideration of any kind in connection with any cause of action,
      (v) condemnation awards (and payments in lieu thereof), (vi) indemnity
      payments, and (vii) proceeds of any Indebtedness received by Parent or any
      of
      its Subsidiaries pursuant to the transactions described in Section
      6.15."

    

    1.4. Term
      A
      Loan Amortization.
      Section
      2.4(a)(i)(B)
      of the
      Loan Agreement is hereby amended in its entirety to read as follows:

    

    "(B) the
      Term
      A Loan shall be repaid in monthly installments of principal equal to $100,000
      on
      the 15th day of each month, commencing on January 16, 2007, until the Term
      A
      Loan has been repaid in full."

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

    1.5. Term
      B
      Loan; Acknowledgment.
      

    

    (a)  The
      last
      sentence of Section
      2.4(b)(i)
      of the
      Loan Agreement, inclusive of subsections (A) through (D) therein, is hereby
      amended and restated in its entirety to read as follows: 

    

    "If
      the
      Term A Loan has been repaid in full on or before December 31, 2007, 50% of
      the
      outstanding principal amount of the Term B Loan, as of the date the Term A
      Loan
      is so repaid, shall be forgiven, together with all accrued interest on the
      principal amount so forgiven; provided
      that no
      portion of the Term B Loan shall be so forgiven if, after giving effect to
      the
      Term A Loan repayment and such forgiveness of the Term B Loan, any portion
      of
      the Term B Loan would remain outstanding."

    

    (b)  Section
      2.4(b)(ii)
      of the
      Loan Agreement is hereby amended and restated in its entirety to read as
      follows: 

    

    "(ii) Notwithstanding
      anything to the contrary in the Reorganization Plan or any Loan Document, the
      Borrowers and Lenders hereby acknowledge and agree that (A) the aggregate amount
      of the Term B Loan outstanding as of January 16, 2007 including principal and
      accrued or capitalized interest is $3,000,000, and (B) subject to Section
      2.4(b)(i),
      the
      Borrowers are obligated, absolutely and unconditionally, to repay all
      Obligations in respect of the Term B Loan pursuant to this Agreement. Upon
      the
      repayment in full of the Term A Loan, the Borrowers shall commence making
      amortization payments in respect of the Term B Loan in monthly installments
      of
      principal equal to $100,000 on the 15th day of each month, commencing on the
      15th day of the month immediately following the repayment in full of the Term
      A
      Loan, until the Term B Loan is repaid in full."

    

    1.6. Payments
      by Borrower.
      

    

    (a)  Section
      2.5(a)(iv)
      of the
      Loan Agreement is hereby amended and restated in its entirety to read as
      follows:

    

    "(iv) Immediately
      upon the receipt by any Borrower or any of its Subsidiaries of any Net Proceeds
      from the disposition of the assets of such Borrower or any of its Subsidiaries
      (other than Inventory sold in the ordinary course of business), such Borrower
      shall prepay the Term A Loan (or, if the Term A Loan has been paid in full,
      the
      Term B Loan) in an amount equal to 100% of such Net Proceeds. In addition to
      the
      foregoing, any Net Proceeds received by Borrowers from any life insurance
      policies maintained by Borrowers on the life of Howard S. Modlin shall be
      promptly paid to Agent to prepay the Term Loans."

    

    (b)  A
      new
Section
      2.5(a)(v)
      of the
      Loan Agreement is hereby inserted immediately succeeding the end of Section
      2.5(a)(iv)
      of the
      Loan Agreement to read as follows:

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

       

    

    "(v) Immediately
      upon the receipt by the Parent or any of its Subsidiaries of any Extraordinary
      Receipts, the Borrowers shall prepay the outstanding principal of the Term
      A
      Loan (or, if the Term A Loan has been paid in full, the Term B Loan) in an
      amount equal to 100% of such Extraordinary Receipts, net of any reasonable
      expenses incurred in collecting such Extraordinary Receipts."

    

    1.7. Interest
      Rate.
      Section
      2.7(a)
      of the
      Loan Agreement is hereby amended and restated in its entirety to read as
      follows: 

    

    "(a) Interest
      Rate.
      Except
      as provided in clause (c) below, all Obligations shall bear interest at a per
      annum rate of the Reference Rate plus 2.5 percentage points."

    

    1.8. Maturity
      Date.
      Section
      3.4
      of the
      Loan Agreement is amended by deleting the date "December 31, 2007" from the
      first sentence therein and replacing such date with "December 31, 2008".

    

    1.9. Naugatuck
      Property.
      A new
Section
      6.15
      is
      hereby inserted in the Loan Agreement immediately after the end of Section
      6.14
      of the
      Loan Agreement to read as follows:

    

    "6.15 Mortgage
      on / Sale of Naugatuck
      Property.
      Use its
      commercially reasonable efforts to (a) obtain a loan from a Person (other than
      an Affiliate of Parent) in an amount approved by the Agent, which loan shall
      be
      secured solely by a mortgage on the Naugatuck
      Property, or (b) sell the Naugatuck Property for cash consideration of no less
      than an amount approved by the Agent, in each case subject to the provisions
      of
      Sections 2.5(a)(iv) and 2.5(a)(v)."

    

    1.10. Indebtedness.
      

    

    (a)  Section
      7.1(g)
      of the
      Loan Agreement is hereby amended in its entirety to read as follows:

    

    "(g) the
      Affiliate Loans, provided that (i) the aggregate principal amount of the
      Affiliate Loans shall not exceed $3,850,000, (ii) the Borrowers shall not pay
      (x) any principal of such Affiliate Loans prior to the repayment in full of
      the
      Term Loans and all other Obligations hereunder or (y) interest on or any other
      amount in respect of such Affiliate Loans if an Event of Default exists or
      would
      arise after giving effect to any such payment, and (iii) the terms of each
      Affiliate Loan made after January 1, 2007 are substantially consistent with
      the
      terms of each Affiliate Loan made during fiscal year 2006."

    

    (b)  Section
      7.1
      of the
      Loan Agreement is hereby amended by (i) replacing the period at the end of
      clause (g) therein with "; and" and (ii) inserting a new clause (h) immediately
      succeeding the end of such clause (g) to read as follows:

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

       

    

    "(h) Indebtedness
      permitted under Section
      6.15,
      provided
      that the
      proceeds from such Indebtedness are applied to prepay the Term Loans in
      accordance with Section
      2.5(a)(v)."

    

    1.11. Minimum
      EBITDA.
      Section
      7.20
      of the
      Loan Agreement is hereby deleted and amended in its entirety to read as follows:
      "[Intentionally
      Omitted]"

    

    2. Transfer
      of Debentures.
      Upon
      entry by the Bankruptcy
      Court of an order approving the Motion (as defined below),
      Affiliates of the Lenders listed on the signature pages hereto (the
      "Debenture
      Holders"),
      in
      consideration of the payment of $1.00 by the Parent, hereby agree to sell,
      assign, transfer and deliver to Parent the Debentures, including accrued
      interest thereon, held by the Debenture Holders, duly endorsed for transfer
      to
      Parent with such other documentation reasonably required by the Parent and
      the
      Debenture Trustee.

    

    3. Warrants.
      The
      Warrants W-1 and W-2 are hereby amended to change all references to "December
      31, 2007" therein to "December 31, 2008" to coincide with the new Maturity
      Date
      of the Term Loans. 

    

    4. Conditions.
      The
      effectiveness of this Amendment is subject to the fulfillment, in a manner
      satisfactory to the Agent, of each of the following conditions precedent (the
      date such conditions are fulfilled or waived by the Agent is hereinafter
      referred to as the "Amendment
      Effective Date"):

    

    (a) Representations
      and Warranties; No Event of Default.
      As of
      the Amendment Effective Date, the representations and warranties set forth
      in
Section
      6
      hereof
      shall be true and correct. 

    

    (b) Delivery
      of Documents.
      The
      Agent shall have received on or before the Amendment Effective Date the
      following, each in form and substance satisfactory to the Agent and, unless
      indicated otherwise, dated the Amendment Effective Date:

    

    (i) counterparts
      of this Amendment duly executed by the Borrowers and the Lenders;
      and

    

    (ii) such
      other agreements, instruments, approvals, opinions and other documents as the
      Agent may reasonably request.

    

    (c) Proceedings.
      All
      proceedings in connection with the transactions contemplated by this Amendment,
      and all documents incidental thereto, shall be satisfactory to the Agent and
      its
      special counsel, and the Agent and such special counsel shall have received
      all
      such information and such counterpart
      originals or certified copies of documents, and such other agreements,
      instruments, approvals, opinions and other documents, as the Agent or such
      special counsel may reasonably request.

    

    (d) Fees
      and Expenses.
      The
      Borrowers shall have paid all unpaid legal fees and expenses incurred by Agent
      in connection with the administration of, and the preparation, delivery,
      execution and modification, of the Loan Agreement (including this Amendment)
      and
      the other related agreements, instruments and documents.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

       

    

    5. Rule
      9019 Motion.
      On or
      about the Amendment Effective Date, the Borrowers are filing with the Bankruptcy
      Court a motion, pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy
      Rule 9019(a), for approval of the compromise with Ableco Finance LLC pertaining
      to this Amendment (the "Motion").
      All
      parties hereto agree to consent to and/or support such Motion. In the event
      the
      Bankruptcy Court does not enter an order approving the Motion on terms and
      conditions acceptable to the Agent, the parties hereto agree that the amendments
      and modifications to the Loan Agreement described in Section 1.5 of this
      Amendment and the agreements described in Section 2 of this Amendment shall
      be
      null and void automatically.

    

    6. Borrowers'
      Representations and Warranties.
      Each
      Borrower hereby represents and warrants to the Agent and the Lenders as
      follows:

    

    (a) Representations
      and Warranties; No Event of Default.
      The
      representations and warranties
      herein,
      in Section
      5
      of the
      Loan Agreement and in each other Loan Document and certificate or other writing
      delivered to the Agent or any Lender pursuant hereto on or prior to the
      Amendment Effective Date are correct on and as of the Amendment Effective Date
      as though made on and as of such date, except to the extent that such
      representations and warranties (or any schedules related thereto) expressly
      relate solely to an earlier date (in which case such representations and
      warranties are true and correct on and as of such date); and, except as set
      forth in the Compliance Certificates delivered by Borrower to Agent prior to
      the
      date hereof pursuant to Section
      6.2
      of the
      Loan Agreement, no Default or Event of Default has occurred and is continuing
      on
      the Amendment Effective Date or would result from this Amendment becoming
      effective in accordance with its terms. 

    

    (b) Organization,
      Good Standing, Etc.
      Such
      Borrower (i) is a corporation or limited liability company duly organized,
validly
      existing
      and in good standing under the laws of the state of its organization,
      (ii) has all requisite power and authority to execute, deliver and perform
      this Amendment and the other Loan Documents to which it is a party being
      executed in connection with this Amendment, and to perform the Loan Agreement,
      as amended hereby, and (iii) is duly qualified to do business and is in
      good standing in each jurisdiction in which the character of the properties
      owned or leased by it or in which the transaction of its business makes such
      qualification necessary except where the failure to be so qualified reasonably
      could not be expected to have a Material Adverse Change.

    

    (c) Authorization,
      Etc.
      The
      execution, delivery and performance by such Borrower of this Amendment and
      each
      other Loan Document to which it is a party being executed in connection with
      this Amendment, and the performance by such Borrower of the Loan Agreement,
      as
      amended hereby, (i) have been duly authorized by all necessary corporate or
      limited liability company action, (ii) do not and will not contravene such
      Borrower's charter or by-laws or its limited liability company or operating
      agreement, as applicable, any applicable law or any contractual restriction
      binding on or otherwise affecting it or any of its properties, (iii) do not
      and will not result in or require the creation of any Lien (other than pursuant
      to any Loan Document) upon or with respect to any of its properties, and
      (iv) do not and will not result in any suspension, revocation, impairment,
      forfeiture or nonrenewal of any permit, license, authorization or approval
      applicable to its operations or any of its properties.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

       

    

    7. Debenture
      Holders' Representations and Warranties.
      Each
      Debenture Holder hereby represents and warrants to the Parent that (a) the
      principal amount of the Debentures beneficially owned by them aggregate
      $2,471,372 plus accrued interest thereon, (b) they beneficially own the
      Debentures free and clear of all Liens, and (c) they are duly authorized to
      enter into and perform this Amendment and to cause such Debentures to be sold,
      assigned, transferred and delivered to Parent free and clear of
      Liens.

    

    8. Waiver.
      Pursuant to the request by the Borrowers, but subject to the satisfaction of
      the
      conditions set forth in Section 4 hereof, and in reliance upon (a) the
      representations and warranties of the Borrowers set forth herein and in the
      Loan
      Agreement and (b) the agreements of the Borrowers set forth herein, the Lenders
      hereby:

    

    (a) waive
      any
      Events of Default that have arisen under the Loan Agreement as of the date
      hereof by virtue of the failure of the Borrowers to (i) make amortization
      payments in respect of the Term A Loan prior to the Amendment Effective Date
      and
      (ii) satisfy the minimum EBITDA covenant formerly set forth in Section 7.20
      of
      the Loan Agreement; and 

    

    (b) waive
      any
      Events of Default that have arisen under the Loan Agreement as of the date
      hereof by virtue of the equity investment by the Parent or any of its
      Subsidiaries in Triplelok, Inc., provided
      that the
      aggregate amount of such investment did not exceed $600 and no additional
      investments are made by any Borrower in Triplelok, Inc. after the date
      hereof.

    

    9. Miscellaneous.

    

    (a) Continued
      Effectiveness of the Loan Agreement.
      Except
      as otherwise expressly provided herein, the Loan 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 Amendment Effective Date (i) all references in the Loan Agreement
      to
      "this Agreement", "hereto", "hereof", "hereunder" or words of like import
      referring to the Loan Agreement shall mean the Loan Agreement as amended by
      this
      Amendment, and (ii) all references in the other Loan Documents to which any
      Borrower is a party to the "Loan Agreement", "thereto", "thereof", "thereunder"
      or words of like import referring to the Loan Agreement shall mean the Loan
      Agreement as amended by this Amendment. Except as expressly provided herein,
      the
      execution, delivery and effectiveness of this Amendment shall not operate as
      an
      amendment of any right, power or remedy of the Lender under the Loan Agreement
      or any other Loan Document, nor constitute an amendment of any provision of
      the
      Loan Agreement or any other Loan Document.

    

    (b) Counterparts.
      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.

    

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

    

    (d) Governing
      Law.
      This
      Amendment shall be governed by, and construed in accordance with, the law of
      the
      State of New York.

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

       

    

    (e) Costs
      and Expenses.
      The
      Borrowers jointly and severally agree to pay on demand all fees, costs and
      expenses of the Agent and each Lender in connection with the preparation,
      execution and delivery of this Amendment and the other related agreements,
      instruments and documents.

    

    (f) Amendment
      as Loan Document.
      Each
      Borrower hereby acknowledges and agrees that this Amendment constitutes a "Loan
      Document" under the Loan Agreement. Accordingly, it shall be an Event of Default
      under the Loan Agreement if (i) any representation or warranty made by a
      Borrower under or in connection with this Amendment shall have been untrue,
      false or misleading in any material respect when made, or (ii) a Borrower shall
      fail to perform or observe any term, covenant or agreement contained in this
      Amendment. 

    

    (g) Waiver
      of Jury Trial.
      EACH
      BORROWER, THE AGENT AND THE LENDER EACH HEREBY IRREVOCABLY WAIVES ALL RIGHT
      TO
      TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON
      CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AMENDMENT OR
      THE
      ACTIONS OF THE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION,
      PERFORMANCE OR ENFORCEMENT HEREOF.

    

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      of page intentionally left blank.]

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

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

     

     

    
      	 	
              Borrowers:

              

              GENERAL
                DATACOMM INDUSTRIES, INC.,

              a
                Delaware corporation

              

              

              By:
                _____________________________

              Title:
                Vice President

              

              GENERAL
                DATACOMM, INC.,

              a
                Delaware corporation

              

              

              By:
                _____________________________

              Title:
                Vice President

              

              GDC
                HOLDING COMPANY, LLC,

              a
                Delaware limited liability company

              

              

              By:
                _____________________________

              Title:
                Vice President

              

              GDC
                FEDERAL SYSTEMS, INC.,

              a
                Delaware corporation

              

              

              By:
                _____________________________

              Title:
                Vice President

              

              GDC
                NAUGATUCK, INC.,

              a
                Delaware corporation

              

              

              By:
                _____________________________

              Title:
                Vice President

              

              GDC
                REALTY, INC.,

              a
                Texas corporation

              

              

              By:
                _____________________________

              Title:
                Vice President

            

    

    
       

      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 	
              Agent
                and Lender:

              

              ABLECO
                FINANCE LLC,

              a
                Delaware limited liability company, on behalf

              of
                itself and its affiliated assigns

              

              By:
                _____________________________

              Title:
                ____________________________

              

              

              Debenture
                Holders:

              

              

              STYX
                INTERNATIONAL, LTD.

              

              By:
                Partridge Hill Overseas Management, LLC,

              its
                investment manager

              

              By:
                _____________________________

              Title:
                ____________________________

              

              

              STYX
                PARTNERS, L.P.

              

              By:
                Styx Associates, LLC, its general partner

              

              By:
                _____________________________

              Title:
                ____________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]