Document:

Exhibit 10.1

 

FIRST AMENDMENT TO CREDIT AGREEMENT

 

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “First Amendment”), dated as of March 18, 2014 and effective as of the Effective Date (as hereinafter defined), is made and entered into by and among STATION CASINOS LLC, a Nevada limited liability company (the “Borrower”), the other Station Parties (as hereinafter defined), each of the Lenders (as hereinafter defined) party hereto and Deutsche Bank AG Cayman Islands Branch, as administrative agent under the Credit Agreement referred to below (in such capacity, the “Administrative Agent”).

 

RECITALS

 

A.                                    The Borrower and the Lenders are parties to that certain Credit Agreement, dated as of March 1, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among the Borrower, the banks, financial institutions and other entities from time to time party thereto as lenders (including the L/C Issuer and Swing Line Lender) (collectively, the “Lenders”), and the Administrative Agent.

 

B.                                    In connection with the Credit Agreement, the Loan Parties executed various Loan Documents to guaranty and/or secure the obligations of the Borrower under the Credit Agreement.

 

C.                                    The Borrower has requested that the Lenders party hereto agree to amend the Credit Agreement subject to, and in accordance with, the terms and conditions set forth herein.

 

D.                                    The Lenders party hereto are willing to agree to enter into this First Amendment, subject to the conditions and on the terms set forth below.

 

AGREEMENT

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, each of the other Loan Parties party hereto (collectively, the “Station Parties”) and each of the Lenders party hereto agree as follows:

 

1.                                      Definitions.  Except as otherwise expressly provided herein, capitalized terms used in this First Amendment shall have the meanings given in the Credit Agreement, and the rules of interpretation set forth in the Credit Agreement shall apply to this First Amendment.

 

2.                                      Amendments to Credit Agreement.

 

(a)                                 The following new definition is hereby added to Section 1.01 of the Credit Agreement, inserted in proper alphabetical order:

 

 

“First Amendment Effective Date” shall mean the “Effective Date” as defined in that certain First Amendment to Credit Agreement, dated as of March 18, 2014, among the Borrower, the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

 

(b)                                 The definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 

“Applicable Rate” means (a) with respect to B Term Loans, a percentage per annum equal to (A) for Eurodollar Loans, 3.25%, (B) for Base Rate Loans, 2.25% and (b) with respect to Revolving Credit Loans, the Applicable Revolving Credit Rate.

 

(c)                                  The first sentence of Section 2.05(d) of the Credit Agreement is hereby amended by deleting the terms “one (1) year anniversary of the Closing Date” and replacing such terms with “one (1) year anniversary of the First Amendment Effective Date”.

 

3.                                      Representations and Warranties.  To induce the Lenders party hereto to agree to this First Amendment, the Borrower and each of the Station Parties represents to the Lenders and the Administrative Agent that as of the date hereof and as of the Effective Date:

 

(a)                                 the Borrower and each of the Station Parties has all requisite power and authority to enter into, execute and deliver this First Amendment and to carry out the transactions contemplated by, and to perform its obligations under or in respect of, this First Amendment;

 

(b)                                 the execution and delivery of this First Amendment and the performance of the obligations of the Borrower and each of the Station Parties under or in respect of this First Amendment have been duly authorized by all necessary corporate or other organizational action on the part of the Borrower and each of the Station Parties;

 

(c)                                  the execution and delivery of this First Amendment and the performance of the obligations of such Loan Party under or in respect of this First Amendment do not and will not (i) contravene the terms of such Person’s Organizational Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under (other than Permitted Liens), or require any payment to be made under (A) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (B) any material order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject, or (iii) violate any material Laws;

 

(d)                                 this First Amendment has been duly executed and delivered by the Borrower and each of the Station Parties and constitutes a legal, valid and binding obligation of the Borrower and each of the Station Parties, enforceable against the Borrower and each of the Station Parties in accordance with its terms, except as enforceability may be limited by (a) bankruptcy, insolvency, fraudulent conveyance, reorganization or similar laws relating to or affecting the

 

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enforcement of creditors’ rights generally, (b) general equitable principles (whether considered in a proceeding in equity or at law), and (c) requirements of reasonableness, good faith and fair dealing;

 

(e)                                  after giving effect to this First Amendment, no event has occurred and is continuing or will result from the execution and delivery of this First Amendment or the performance by the Borrower and the Station Parties of their obligations hereunder that would constitute a Default or an Event of Default; and

 

(f)                                   each of the representations and warranties made by such Loan Party in or pursuant to the Loan Documents to which it is a party, as amended hereby, is true and correct in all material respects on and as of the Effective Date as if made on and as of such date; provided, that, to the extent that such representations or warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided, further, that, any representation or warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct in all respects on such respective dates.

 

4.                                      Effectiveness of this First Amendment.  This First Amendment shall be effective only if and when:

 

(a)                                 the Borrower, the Station Parties, and each Lender who has consented hereto have delivered their fully executed signature pages hereto to the Administrative Agent;

 

(b)                                 each of the representations and warranties contained in Section 3 of this First Amendment shall be true and correct in all material respects and, in furtherance thereof, the Borrower and each of the Station Parties shall have received all necessary approvals and/or consents from the Gaming Authorities in form and substance satisfactory to the Administrative Agent for the execution and delivery of this First Amendment and the performance of the obligations of the Borrower and each of the Station Parties under or in respect of this First Amendment;

 

(c)                                  the Administrative Agent shall have received legal opinions reasonably satisfactory to it from the Borrower’s counsel with respect to Nevada and New York law matters;

 

(d)                                 the Administrative Agent shall have received, executed by a Responsible Officer or other authorized signatory of the signing Loan Party that is party thereto and in form and substance reasonably satisfactory to the Administrative Agent, such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer or other authorized signatory thereof authorized to act as a Responsible Officer and/or execute documents in connection with this First Amendment and the other Loan Documents to which such Loan Party is a party or is to be a party on the Effective Date;

 

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(e)                                  at such time that this First Amendment becomes effective, all Term Loans are held by Term Lenders who have consented to this First Amendment with respect to their entire respective Term Loans at such time; and

 

(f)                                   the Borrower shall have paid all fees and expenses owed to the Administrative Agent, the Joint Lead Arrangers and the Lenders (including fees and expenses of counsel) accrued through and including the Effective Date to such Administrative Agent, Joint Lead Arrangers and Lenders (or to such counsel).

 

This First Amendment shall be effective on the date (the “Effective Date”) on which all of the foregoing conditions are satisfied (such conditions to be satisfied no later than March 19, 2014).

 

5.                                      Acknowledgments.  By executing this First Amendment, each of the Station Parties (a) consents to this First Amendment and the performance by the Borrower and each of the other Station Parties of their obligations hereunder, (b) acknowledges that notwithstanding the execution and delivery of this First Amendment, the obligations of each of the Station Parties under the Guaranty Agreement, the Pledge Agreement, the Security Agreement and each of the other Loan Documents to which such Station Party is a party are not impaired or affected and the Guaranty Agreement, the Pledge Agreement, the Security Agreement and each such Loan Document continues in full force and effect and (c) affirms and ratifies, to the extent it is a party thereto, the Guaranty Agreement, the Pledge Agreement, the Security Agreement and each other Loan Document with respect to all of the Obligations as amended hereby.

 

6.                                      Miscellaneous.  THIS FIRST AMENDMENT AND THE OTHER LOAN DOCUMENTS (EXCEPT AS EXPRESSLY PROVIDED THEREIN) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.  This First Amendment may be executed in one or more duplicate counterparts and, subject to the other terms and conditions of this First Amendment, when signed by all of the parties listed below shall constitute a single binding agreement.  Delivery of an executed signature page to this First Amendment by facsimile transmission or electronic mail shall be as effective as delivery of a manually signed counterpart of this First Amendment.  Except as amended hereby, all of the provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect except that each reference to the “Credit Agreement”, or words of like import in any Loan Document, shall mean and be a reference to the Credit Agreement as amended hereby.  This First Amendment shall be deemed a “Loan Document” as defined in the Credit Agreement.  Sections 10.16(b), 10.16(c) and 10.17 of the Credit Agreement shall apply to this First Amendment and all past and future amendments to the Credit Agreement and other Loan Documents as if expressly set forth herein or therein.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the parties have caused this First Amendment to be duly executed as of the day and year first above written, to be effective as of the Effective Date.

 

	
 
    	
 
    	
STATION   CASINOS LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Richard J. Haskins
    
	
 
    	
 
    	
 
    	
Name:
    	
Richard   J. Haskins
    
	
 
    	
 
    	
 
    	
Title:
    	
Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
STATION   HOLDCO LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Richard J. Haskins
    
	
 
    	
 
    	
 
    	
Name:
    	
Richard   J. Haskins
    
	
 
    	
 
    	
 
    	
Title:
    	
Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
STATION   VOTECO LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Richard J. Haskins
    
	
 
    	
 
    	
 
    	
Name:
    	
Richard   J. Haskins
    
	
 
    	
 
    	
 
    	
Title:
    	
Secretary
    

 

[Signature Page to First Amendment]

 

 

	
NP   AUBURN DEVELOPMENT LLC
    	
 
    	
NP   PALACE LLC
    
	
NP   BOULDER LLC
    	
 
    	
NP   PAST ENTERPRISES LLC
    
	
NP   CENTERLINE HOLDINGS LLC
    	
 
    	
NP   RANCHO LLC
    
	
NP   DEVELOPMENT LLC
    	
 
    	
NP   RED ROCK LLC
    
	
NP   DURANGO LLC
    	
 
    	
NP   RENO CONVENTION CENTER LLC
    
	
NP FH   EXCESS LLC
    	
 
    	
NP   RIVER CENTRAL LLC
    
	
NP   FIESTA LLC
    	
 
    	
NP   ROTMA LLC
    
	
NP   GOLD RUSH LLC
    	
 
    	
NP   SANTA FE LLC
    
	
NP   GREEN VALLEY LLC
    	
 
    	
NP   STEAMBOAT LLC
    
	
NP   HANGER LEASECO LLC
    	
 
    	
NP   SUNSET LLC
    
	
NP   HORIZON PARK LLC
    	
 
    	
NP   SUNSET LINDELL LLC
    
	
NP   INSPIRADA LLC
    	
 
    	
NP   TEXAS LLC
    
	
NP IP   HOLDINGS LLC
    	
 
    	
NP   TOWN CENTER LLC
    
	
NP   LAKE MEAD LLC
    	
 
    	
SC   RANCHO DEVELOPMENT, LLC
    
	
NP   LML LLC
    	
 
    	
SC SP   1 LLC
    
	
NP   LOSEE ELKHORN HOLDINGS LLC
    	
 
    	
SC SP   2 LLC
    
	
NP   MAGIC STAR LLC
    	
 
    	
SC SP   3 LLC
    
	
NP   MT. ROSE LLC
    	
 
    	
SC SP   4 LLC
    
	
NP   NORTHERN NV ACQUISITIONS LLC
    	
 
    	
SC SP   5 LLC
    
	
NP   OPCO HOLDINGS LLC
    	
 
    	
SC SP   HOLDCO LLC
    
	
NP   OPCO LLC
    	
 
    	
STATION   DEVELOPMENT, LLC
    
	
 
    	
 
    	
STATION   GVR ACQUISITION, LLC
    

 

	
 
    	
 
    	
each   as a Subsidiary Guarantor
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Marc Falcone
    
	
 
    	
 
    	
 
    	
Name:
    	
Marc   Falcone
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President
    

 

[Signature Page to First Amendment]

 

 

	
 
    	
 
    	
SONOMA   LAND ACQUISITION
    
	
 
    	
 
    	
COMPANY,   LLC
    
	
 
    	
 
    	
NP   FRESNO LAND ACQUISITIONS LLC
    
	
 
    	
 
    	
STATION   CALIFORNIA, LLC
    
	
 
    	
 
    	
SC   BUTTE DEVELOPMENT, LLC
    
	
 
    	
 
    	
SC   BUTTE MANAGEMENT, LLC
    
	
 
    	
 
    	
SC   MADERA DEVELOPMENT, LLC
    
	
 
    	
 
    	
SC   MADERA MANAGEMENT, LLC
    
	
 
    	
 
    	
SC   MICHIGAN, LLC
    
	
 
    	
 
    	
SC   SONOMA DEVELOPMENT, LLC
    
	
 
    	
 
    	
SC   SONOMA MANAGEMENT, LLC
    
	
 
    	
 
    	
NP   SONOMA LAND HOLDINGS LLC
    

 

	
 
    	
 
    	
each   as a Subsidiary Guarantor
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Scott M Nielson
    
	
 
    	
 
    	
 
    	
Name:   Scott M Nielson
    
	
 
    	
 
    	
 
    	
Title:   Secretary and Senior Vice President
    

 

[Signature Page to First Amendment]

 

 

	
 
    	
 
    	
Acknowledged:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
DEUTSCHE   BANK AG CAYMAN ISLANDS BRANCH, as the Administrative Agent
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Mary Kay Coyle
    
	
 
    	
 
    	
 
    	
Name:
    	
Mary   Kay Coyle
    
	
 
    	
 
    	
 
    	
Title:   
    	
Managing   Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Anca Trifan
    
	
 
    	
 
    	
 
    	
Name:
    	
Anca   Trifan
    
	
 
    	
 
    	
 
    	
Title:
    	
Managing   Director
    

 

[Signature Page to First Amendment]Exhibit 10.1

 

EXECUTION COPY

 

SONUS NETWORKS, INC.

4 Technology Park Drive

Westford, Massachusetts 01886

 

	
 
    	
 
    	
March 20,   2014
    

 

Legatum Limited

Level 3, Legatum Plaza, DIFC

PO Box 506625

Dubai, UAE

Attn: Rob Vickers

Senior Vice President — Legal

 

Ladies and Gentlemen:

 

Reference is hereby made to that certain Underwriting Agreement, dated as of the date hereof (the “Underwriting Agreement”), by and among us (the “Company”), you as selling stockholder named in Schedule II thereto (“you” or the “Selling Stockholder”) and Goldman, Sachs & Co., as underwriters (the “Underwriters”), pursuant to which the Selling Stockholder has agreed to sell up to 43,125,000 shares of common stock, par value $0.001 per share, of the Company to the Underwriters. Capitalized terms not defined herein shall have the meaning ascribed to them in the Underwriting Agreement.

 

In connection with the foregoing, the Company and you have agreed to the following:

 

1.             The Company will indemnify and hold harmless you and your officers, directors, managers, members, partners, stockholders and affiliates, and each other person, if any, who controls any of the foregoing persons within the meaning of Section 15 of the Act or Section 20 of the Exchange Act (collectively, the “Galahad Indemnified Parties”) against any losses, claims, damages or liabilities, joint or several, to which the Galahad Indemnified Parties may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Prospectus or the Prospectus, or any amendment or supplement thereto, any Issuer Free Writing Prospectus or any “issuer information” filed or required to be filed pursuant to Rule 433(d) under the Act, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Galahad Indemnified Parties for any legal or other expenses reasonably incurred by the Galahad Indemnified Parties in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that (i) the Company shall not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in

 

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the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Prospectus or the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, in reliance upon and in conformity with the Selling Stockholder Information or the Underwriting Information, and (ii) the Company will have the right, at its option, to assume the defense of any litigation or proceeding in respect of which indemnity may be sought under this Section 1, including the employment of counsel satisfactory to the Company and the Selling Stockholder, in which event the Company shall not be liable for the fees and expenses of any other counsel retained by any Galahad Indemnified Party in connection with such litigation or proceeding.  In any such litigation or proceeding the defense of which the Company shall have so assumed, any Galahad Indemnified Party shall have the right to participate in such litigation or proceeding (and may assert defenses that are not available to the Company) and to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Galahad Indemnified Party.  The Company shall be permitted to settle any litigation or proceeding, but any settlement shall include a full release of the Selling Stockholders with respect to claims as to which the Company is required to provide indemnification hereunder. Without limiting the foregoing, the Company hereby agrees to reimburse the Galahad Indemnified Parties for any amounts paid or incurred pursuant to Section 9(a) of the Underwriting Agreement in respect of any losses, claims, damages or liabilities to the extent such losses, claims, damages or liabilities are related to information other than the Selling Stockholder Information and Underwriter Information.

 

2.             You hereby agree to reimburse the Company and its officers, directors, stockholders and affiliates, and each other person, if any, who controls any of the foregoing persons within the meaning of Section 15 of the Act or Section 20 of the Exchange Act for amounts paid or incurred by the Company and its officers, directors, stockholders and affiliates, and each other person, if any, who controls any of the foregoing persons within the meaning of Section 15 of the Act or Section 20 of the Exchange Act, pursuant to Section 9(b) of the Underwriting Agreement, the Act or otherwise, in respect of any losses, claims, damages or liabilities, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Prospectus or the Prospectus, or any amendment or supplement thereto, any Issuer Free Writing Prospectus or any “issuer information” filed or required to be filed pursuant to Rule 433(d) under the Act, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that the Selling Stockholder shall only be subject to liability to the extent such untrue statement or omission is based on Selling Stockholder Information; provided, however, that your obligation to indemnify the Company, its officers, directors, stockholders and affiliates, and each other person, if any, who controls any of the foregoing persons within the meaning of Section 15 of the Act or Section 20 of the Exchange Act, shall be limited to an amount equal to the aggregate public offering price less the aggregate underwriting discounts and commissions, each as shown on the cover page of the Prospectus, from the sale of the Firm Securities and from the sale of any Optional Securities purchased by the Underwriters under the Underwriting Agreement. For the avoidance of doubt, the aggregate public offering price shall by calculated without including any Firm Securities purchased from the Underwriters by the Company.

 

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3.             Promptly after receipt by any party that may be entitled to indemnification under Section 1 or 2 above of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under such Section, notify the indemnifying party in writing of the commencement thereof; but the omission so to notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party otherwise than under such Section.

 

4.             If the indemnification provided for in Section 1 or 2 is unavailable to or insufficient to hold harmless an indemnified party thereunder in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the Company on the one hand and the Selling Stockholder on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations.  The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company on the one hand or the Selling Stockholder on the other and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.  The Company and the Selling Stockholder agree that it would not be just and equitable if contribution pursuant to this Section 4 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to above in this Section 4.  The amount paid or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to above in this Section 4 shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim.  Notwithstanding the provisions of this Section 4, the Selling Stockholder shall not be required to contribute any amount in excess of the amount by which the aggregate public offering price less the aggregate underwriting discounts and commissions, each as shown on the cover page of the Prospectus, from the sale of the Firm Securities and from the sale of any Optional Securities purchased by the Underwriters under the Underwriting Agreement exceeds the amount of any damages which the Selling Stockholder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission.  No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.

 

5.             The Selling Stockholder Information is set forth in Exhibit A to this letter agreement.

 

6.             You agree to reimburse the Company for all Commission filing fees paid by the Company pursuant to Section 5(h) of the Underwriting Agreement.

 

7.             The Confidentiality and Non-Disclosure Agreement dated as of July 1, 2008 between the Company and Legatum Capital Limited is hereby terminated and shall no longer be of any force or effect.

 

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The provisions of this letter agreement will survive the execution and delivery hereof. This letter agreement may be signed in counterparts, each of which shall be an original, but all of which shall constitute one and the same agreement.  Executed counterparts may be delivered by facsimile or other standard form of telecommunications and such facsimiles or other standard forms of telecommunications will be deemed as sufficient as if the actual signature page had been delivered.

 

Except as specifically provided herein and as a consequence of the completion of the Offering, this letter agreement shall not constitute an amendment, modification or waiver of any provision of the Underwriting Agreement, which shall continue and remain in full force and effect in accordance with its terms.

 

[Rest of page intentionally left blank]

 

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Very truly yours,
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SONUS NETWORKS, INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Mark T. Greenquist
    
	
 
    	
 
    	
Name: Mark T. Greenquist
    
	
 
    	
 
    	
Title: Chief Financial Officer
    

 

 

	
Agreed and   acknowledged:
    	
 
    
	
 
    	
 
    
	
GALAHAD SECURITIES   LIMITED
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Mark Stoleson
    	
 
    
	
 
    	
Name: Mark   Stoleson
    	
 
    
	
 
    	
Title: Director
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
For purposes of   Section 7 only:
    	
 
    
	
 
    	
 
    
	
LEGATUM CAPITAL   LIMITED
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Mark Stoleson
    	
 
    
	
 
    	
Name: Mark   Stoleson
    	
 
    
	
 
    	
Title: Director
    	
 
    
				

 

 

EXHIBIT A

 

SELLING STOCKHOLDER INFORMATION

 

Name of Selling

Stockholder:  Galahad Securities Limited(1)

 

Shares Beneficially Owned Prior to the Offering: 59,942,137

 

Shares Offered: 43,125,000(2)

 

Shares Beneficially Owned After the Offering: 16,817,137(3)

 

(1)  As set forth in a Schedule 13D/A No. 12 filed with the SEC on August 28, 2013, reporting beneficial ownership of 59,942,137 shares of common stock, each of Galahad Securities Limited, Legatum Capital Limited, Legatum Global Holdings Limited, Legatum Global Investment Limited and Senate Limited (acting on behalf of a trust formed under the laws of The Cayman Islands as of July 1, 1996) reports sole voting power and sole dispositive power of the 59,942,137 shares.

(2)  Including 5,625,000 shares subject to an overallotment option

(3)  Assuming all shares offered are sold

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