Document:

exv10w19

Exhibit 10.19

July 30, 2010

JPMorgan Chase Bank, N.A., as Administrative

   Agent under the Credit Agreement referred to

   below, and to each Lender under and as

   defined in such Credit Agreement

10 South Dearborn Street, Floor 7

Chicago, IL 60603

Attn:      Nanette Wilson

	 	 	 	 	 

	 

	 	Re:
	 	Molex Japan Unauthorized Liabilities

Ladies/Gentlemen:

     Please refer to the Credit Agreement dated as of June 24, 2009 (as amended, the “Credit
Agreement”) among Molex Incorporated (the “Company”), the Subsidiary Borrowers from
time to time party thereto, various financial institutions and JPMorgan Chase Bank, N.A., as
Administrative Agent (in such capacity, the “Administrative Agent”). Capitalized terms
used but not defined herein have the meanings specified in the Credit Agreement.

     As previously disclosed to the Lenders, the Company has discovered that an unauthorized
individual may have obtained up to 15,000,000,000 yen (the Dollar Equivalent of approximately
$165,000,000) in loans from Japanese banks in the name of Molex Japan Co. Ltd (the
“Unauthorized Liabilities”). The Company and its legal advisors have undertaken an
investigation of the events and circumstances related to the Unauthorized Liabilities and the
possible theft of funds from Molex Japan (collectively the “Molex Japan Events”). Pending
completion of such investigation, the Company anticipates that it will include some or all of the
Unauthorized Liabilities as “other liabilities” (or a similar line item) on its current and certain
historical financial statements.

     In order to ensure continued availability under the Credit Agreement while the Company
completes its investigation of the Molex Japan Events, the Company requests that the Lenders waive
any Default that has arisen or might arise under the Credit Agreement as a result of any inaccuracy
in the Company’s representations and warranties in (i) Section 3.04(a) regarding its financial
statements for the periods ended June 30, 2007, June 30, 2008 or March 31, 2009, (ii)
Section 3.04(b) regarding the absence of a material adverse change since June 30, 2008 and
(iii) Section 3.11 with respect to the disclosures made by the Company prior to the Effective Date,
in each case to the extent arising solely as a result of the Unauthorized Liabilities.

     The Company represents and warrants that:

 

 

The Administrative Agent and the Lenders

   under the Molex Credit Agreement

July 30, 2010

Page 2

     (i) After giving effect to the waivers contemplated hereby, each of the representations
and warranties contained in the Credit Agreement is true and correct in all material
respects (except that any representation or warranty which is already qualified as to
materiality or by reference to Material Adverse Effect is true and correct in all respects)
on and as of the date hereof (except any such representation or warranty that expressly
relates to or is made expressly as of a specific earlier date, in which case such
representation or warranty is true and correct in all material respects (except that any
representation or warranty which is already qualified as to materiality or by reference to
Material Adverse Effect is true and correct in all respects) with respect to or as of such
specific earlier date).

     (ii) After giving effect to the waivers contemplated hereby, no Default has occurred
and is continuing.

     The waivers set forth above are limited strictly to the precise terms thereof and shall not
constitute (i) a waiver of or consent to any breach of any Section of the Credit Agreement referred
to above arising out of any event or circumstance other than the Molex Japan Events or (ii) a
waiver or amendment of any other provision of the Credit Agreement or any other Loan Document.
This letter agreement shall become effective when (i) the Administrative Agent has received
counterparts hereof signed by the Company and the Required Lenders (it being understood that
delivery to the Administrative Agent of a counterpart hereof, or signature page hereto, by
facsimile or in a .pdf or similar file shall be effective as delivery of an original,
manually-signed counterpart). The provisions of Sections 9.03, 9.09, 9.10 and 9.12 of the Credit
Agreement are incorporated herein by reference as if fully set forth herein, mutatis
mutandis.

	 	 	 	 	 	 	 

	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	MOLEX INCORPORATED	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	 

	 	 
	 	 	Name: David D. Johnson	 	 
	 	 	Title: Executive Vice President, Treasurer and	 	 
	 	 	Chief Financial Officer	 	 

2

 

Accepted and Agreed:

JPMORGAN CHASE BANK, NATIONAL

ASSOCIATION, individually and as Administrative Agent

	 	 	 	 	 

	By

	 	 

	 	 
	Name:	 	 
	Title:	 	 
	 
	 	 	 	 
	STANDARD CHARTERED BANK

	 	 
	 
	 	 	 	 
	By

	 	 

	 	 
	Name:	 	 
	Title:	 	 
	 
	 	 	 	 
	By

	 	 

	 	 
	Name:	 	 
	Title:	 	 
	 
	 	 	 	 
	THE NORTHERN TRUST COMPANY	 	 
	 
	 	 	 	 
	By

	 	 

	 	 
	Name:	 	 
	Title:	 	 
	 
	 	 	 	 
	HSBC BANK USA, NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 
	By

	 	 

	 	 
	Name:	 	 
	Title:	 	 
	 
	 	 	 	 
	THE ROYAL BANK OF SCOTLAND, PLC	 	 
	 
	 	 	 	 
	By

	 	 

	 	 
	Name:	 	 
	Title:	 	 

3Exhibit 10.1

Exhibit 10.1

SIXTH AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

This Sixth Amendment to Executive Employment Agreement (this “Amendment”) is entered into by
and between American Reprographics Company, a Delaware corporation (“ARC”) as the employer, and
Kumarakulasingam Suriyakumar, an individual residing in the State of California (“Executive”), as
the employee, on August 2, 2010.

WHEREAS, ARC and Executive entered into an Executive Employment Agreement dated January 7,
2005, as amended (“Agreement”), under which Executive is employed as Chief Executive Officer and
President of ARC. The parties now wish to enter into this Amendment to amend the Agreement.

Now, therefore, the parties agree as follows:

1. All capitalized terms in this Amendment not otherwise defined herein shall have the
meanings ascribed to them in the Agreement.

2. A new Subsection 3(a)(iii) is added to Section 3(a) of the Agreement (Base Salary) as
follows:

"(iii) The amount of Base Salary payable to Executive pursuant to Section 3(a) shall
be reduced by five percent (5%) (the “Additional 2010 Base Salary Reduction”)
effective as of July 24, 2010 through and including December 31, 2010 (the
“Effective Period”), which reduction shall be in addition to the 2010 Base Salary
Reduction. Notwithstanding anything to the contrary contained in this Subsection
3(a)(iii), if Executive’s employment with ARC is terminated other than for Cause
during the Effective Period, any Base Salary severance benefits payable to Executive
under Sections 12(a), (c) or (d) of the Agreement shall be calculated based on the
amount of Base Salary set forth in Section 3(a), without taking into account the
Additional 2010 Base Salary Reduction.”

3. Except as specifically set forth in this Amendment, the Agreement remains in full force and
effect without modification.

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first
hereinabove set forth.

	 	 	 	 	 
	 	AMERICAN REPROGRAPHICS COMPANY,

a Delaware corporation

 	 
	 	By:  	/s/ Jonathan R. Mather
 	 
	 	 	Name:  	Jonathan R. Mather 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	EXECUTIVE

 	 
	 	/s/ Kumarakulasingam Suriyakumar
 	 
	 	Kumarakulasingam SuriyakumarExhibit 10.2

Exhibit 10.2

FOURTH AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

This Fourth Amendment to Executive Employment Agreement (this “Amendment”) is entered into by
and between American Reprographics Company, a Delaware corporation (“ARC”) as the employer, and
Jonathan R. Mather, an individual residing in the State of California (“Executive”), as the
employee, on August 2, 2010.

WHEREAS, ARC and Executive entered into an Executive Employment Agreement dated November 29,
2006, as amended (“Agreement”). The parties now wish to enter into this Amendment to amend the
Agreement.

Now, therefore, the parties agree as follows:

1. All capitalized terms in this Amendment not otherwise defined herein shall have the
meanings ascribed to them in the Agreement.

2. A new Subsection 3(a)(iii) is added to Section 3(a) of the Agreement (Base Salary) as
follows:

"(iii) The amount of Base Salary payable to Executive pursuant to Section 3(a) shall
be reduced by five percent (5%) (the “Additional 2010 Base Salary Reduction”)
effective as of July 24, 2010 through and including December 31, 2010 (the
“Effective Period”), which reduction shall be in addition to the 2010 Base Salary
Reduction. Notwithstanding anything to the contrary contained in this Subsection
3(a)(iii), if Executive’s employment with ARC is terminated other than for Cause
during the Effective Period, any Base Salary severance benefits payable to Executive
under Sections 11(a), (c) or (d) of the Agreement shall be calculated based on the
amount of Base Salary set forth in Section 3(a), without taking into account the
Additional 2010 Base Salary Reduction.”

3. Except as specifically set forth in this Amendment, the Agreement remains in full force and
effect without modification.

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first
hereinabove set forth.

	 	 	 	 	 
	 	AMERICAN REPROGRAPHICS COMPANY,

a Delaware corporation

 	 
	 	By:  	/s/ Kumarakulasingam Suriyakumar
 	 
	 	 	Name:  	Kumarakulasingam Suriyakumar 	 
	 	 	Title:  	President and Chief Executive Officer 	 
	 
	 	EXECUTIVE

 	 
	 	/s/ Jonathan R. Mather
 	 
	 	Jonathan R. MatherExhibit 10.3

Exhibit 10.3

FIFTH AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

This Fifth Amendment to Executive Employment Agreement (this “Amendment”) is entered into by
and between American Reprographics Company, a Delaware corporation (“ARC”) as the employer, and
Rahul K. Roy, an individual residing in the State of California (“Executive”), as the employee, on
August 2, 2010.

WHEREAS, ARC and Executive entered into an Executive Employment Agreement dated January 7,
2005, as amended (“Agreement”). The parties now wish to enter into this Amendment to amend the
Agreement.

Now, therefore, the parties agree as follows:

1. All capitalized terms in this Amendment not otherwise defined herein shall have the
meanings ascribed to them in the Agreement.

2. A new Subsection 3(a)(iii) is added to Section 3(a) of the Agreement (Base Salary) as
follows:

"(iii) The amount of Base Salary payable to Executive pursuant to Section 3(a) shall
be reduced by five percent (5%) (the “Additional 2010 Base Salary Reduction”)
effective as of July 24, 2010 through and including December 31, 2010 (the
“Effective Period”), which reduction shall be in addition to the 2010 Base Salary
Reduction. Notwithstanding anything to the contrary contained in this Subsection
3(a)(iii), if Executive’s employment with ARC is terminated other than for Cause
during the Effective Period, any Base Salary severance benefits payable to Executive
under Sections 11(a), (c) or (d) of the Agreement shall be calculated based on the
amount of Base Salary set forth in Section 3(a), without taking into account the
Additional 2010 Base Salary Reduction.”

3. Except as specifically set forth in this Amendment, the Agreement remains in full force and
effect without modification.

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first
hereinabove set forth.

	 	 	 	 	 
	 	AMERICAN REPROGRAPHICS COMPANY,

a Delaware corporation

 	 
	 	By:  	/s/ Kumarakulasingam Suriyakumar
 	 
	 	 	Name:  	Kumarakulasingam Suriyakumar 	 
	 	 	Title:  	President and Chief Executive Officer 	 
	 
	 	EXECUTIVE

 	 
	 	/s/ Rahul K. Roy
 	 
	 	Rahul K. Roy

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]