Document:

Franklin
      Credit Management Corp.

    Six
      Harrison Street

    New
      York

    NY
      10013

    USA

    Attn:
      Paul Colasano

    

    

    Dear
      Sirs,

    

    Amended
      Confirmation

    

    Interest
      Rate Cap Transaction No. 948306TS

    The
      purpose of this letter agreement is to confirm the terms and conditions of
      the
      Transaction entered into between us on the Trade Date specified below (the
      “Transaction”). This letter agreement constitutes a “Confirmation” as referred
      to in the ISDA Master Agreement referred to below.

    

    The
      definitions and provisions contained in the 2000 ISDA Definitions (the
“Definitions”) as published by the International Swaps and Derivatives
      Association, Inc. are incorporated into this Confirmation. For these purposes,
      all references in the Definitions to a “Swap Transaction” shall be deemed to
      apply to the Transaction referred to herein. In the event of any inconsistency
      between those Definitions and this Confirmation, this Confirmation will
      govern.

    

    This
      Confirmation supplements, forms part of and is subject to the ISDA Master
      Agreement to be negotiated (as amended and supplemented from time to time)
      between HBOS Treasury Services plc (“Party A”) and Franklin Credit Management
      Corp (“Party B”). All provisions contained in the ISDA Master Agreement govern
      this Confirmation except as expressly modified below.

    

    This
      Confirmation evidences a complete and binding agreement between us as to the
      terms of the Transaction to which this Confirmation relates. If we are no yet
      parties to an agreement in the form of the ISDA Master Agreement (Multicurrency
      Cross Border) (the “ISDA Form”) we agree to promptly negotiate, execute and
      deliver such agreement with such modifications as we will in good faith agree.
      Upon execution by us of such an agreement, this Confirmation shall supplement
      and form part of and be subject to that agreement. All provisions contained
      or
      incorporated by reference in the agreement upon its execution will govern this
      Confirmation except as expressly modified below.

    

    Until
      we
      execute and deliver that agreement, this Confirmation, together with all other
      documents referring to the ISDA Form (each a “Confirmation”) confirming
      Transactions (each a “Transaction”) entered into between us, (notwithstanding
      anything to the contrary in a Confirmation), shall supplement, form part of
      and
      be subject to an agreement in the form of the ISDA Form as if we had executed
      an
      agreement in such form (but without any Schedule except for the election of
      English law as the governing law and pounds sterling as the Termination
      Currency) on the Trade Date of the first such Transaction between us. In the
      event of any inconsistency between the provisions of that agreement and this
      Conformation, this Confirmation will prevail for the purposes of this
      Transaction.

    

    The
      terms
      of the particular Transaction to which this Confirmation relates are as
      follows:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              A

            	
              Trade
                Details

            

    

    

    
      	
              Notional
                Amount:

            	
              USD
                500,000,000.00

            
	
              Trade
                Date:

            	
              30-Aug-06

            
	
              Effective
                Date:

            	
              31-Aug-06

            
	
              Termination
                Date:

            	
              31-Aug-07

            
	 	
              Subject
                to adjustment in accordance with the 

            
	 	
              Modified
                Following Business Day Convention.

            

    

    

    The
      Buyer of the Transaction shall pay, to the Seller, the Premium in accordance
      with the following:

    

    
      	
              Fixed
                Rate Payer i.e. the Buyer:

            	
              Party
                B

            
	
              Fixed
                Amount:

            	
              USD
                60,000.00

            
	
              Fixed
                Rate Payer Payment Dates:

            	
              01-Sep-06

            
	 	
              Subject
                to adjustment in accordance with the 

            
	 	
              Modified
                Following Business Day Convention.

            

    

    

    The
      Seller of the Transaction shall make payment to the Buyer if the Floating Rate
      determined for a Calculation Period is in excess of the Cap Rate. The amount
      of
      such payment will be determined in accordance with the
      following:

    

    
      	
              Floating
                Rate Payer i.e. the Seller:

            	
              Party
                A

            
	
              Cap
                Rate:

            	
              6.00%

            
	
              Floating
                Rate Payer Payment Dates:

            	
              The
                Last day of every month in each year,

            
	 	
              Commencing
                29th
                September 2006, up until and

            
	 	
              Including
                the Termination Date.

            
	 	
              Subject
                to adjustment in accordance with the

            
	 	
              Modified
                Following Business Day Convention.

            
	
              Floating
                Rate for initial Calculation Period:

            	
              5.33%
                (inclusive of spread where
                applicable)

            

    

    

    

    
      	
              Floating
                Rate Option:

            	
              USD-LIBOR-BBA

            
	
              Designated
                Maturity:

            	
              1
                Month(s)

            
	
              Spread:

            	
              Not
                Applicable

            
	
              Floating
                Rate Day Count Fraction:

            	
              Actual
                /360

            
	
              Reset
                Dates:

            	
              The
                first day of the relevant Calculation Period

            
	
              Compounding:

            	
              Not
                Applicable

            
	
              Calculation
                Agent:

            	
              HBOS
                Treasury Services plc

            
	
              Business
                Days:

            	
              London
                and New York

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              Governing
                Law

            	
              The
                Transaction and this Confirmation will be

            
	 	
              governed
                by and construed in accordance with

            
	 	
              English
                Law and the parties agree to submit to

            
	 	
              the
                exclusive jurisdiction of the English
                Courts.

            

    

    

    
      	
              B

            	
              Account
                Details

            

    

    

    
      	
              Payments
                to Party A:

            	
              Wachovia
                Bank NA, New York

            
	 	
              Swift
                Code PNBPUS3NNYC

            
	 	
              Account
                No. 2000193509911

            
	
              Payments
                to Party B:

            	
              North
                Fork Bank

            
	 	
              90
                West Broadway

            
	 	
              New
                York

            
	 	
              NY
                10007

            
	 	
              ABA
                021407912

            
	 	
              Account
                No. 9614008341

            

    

     

    
      	
              C

            	
              Other
                Provisions

            

    

     

    
      	 	
              (a)

            	
              Non-Reliance.
                It is acting for its own account, and it has made its own independent
                decisions to enter into Transaction and as to whether this Transaction
                is
                appropriate or proper for it based upon its own judgement and upon
                advice
                from such advisers as it deemed necessary. It is not relying, and
                has not
                relied, on any communication (written or oral) of the other party
                as
                investment advice or as a recommendation to enter this Transaction;
                it
                being understood that information and explanations related to the
                terms
                and conditions of this Transaction shall not be considered investment
                advice or a recommendation to enter into this Transaction. No
                communication (written or oral) received from the other party shall
                be
                deemed to be an assurance or guarantee as to the expected results
                of this
                Transaction.

            

    

    

    
      	 	
              (b)

            	
              Assessment
                and Understanding.
                It is capable to assessing the merits of and understanding (on its
                own
                behalf or through independent professional advice), and understands
                and
                accepts, the terms, conditions and risks of this Transaction. It
                is also
                capable of assuming, and assumes, the risks of this
                Transaction.

            

    

    

    
      	 	
              (c)

            	
              Status
                of Parties.
                Each party represents to the other party that it is entering into
                this
                Transaction as principal (and not as agent or in any other capacity)
                with
                the full understanding of the terms, conditions and risks thereof
                and that
                it is capable of and willing to assume those risks. Neither party
                is
                acting as a fiduciary for or an advisor to the other party in respect
                of
                this Transaction.

            

    

    

    Consent
      to Recording Each
      Party (i) consents to the recording of the telephone conversations of trading
      and marketing personnel of the parties and their Affiliates in connection with
      this Agreement or any potential transaction, and (ii) agrees to obtain any
      necessary consent of and give notice of such recording to such personnel of
      it
      and its Affiliates and (iii) agrees such recordings may be submitted in evidence
      to any court or in any proceedings for the purpose of establishing any matters
      pertinent to any transaction.

    

    The
      time
      of execution of a transaction is available on request.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Please
      confirm that the foregoing correctly sets forth the terms of our Agreement
      by
      executing and returning the enclosed copy of this Confirmation or by sending
      us
      a letter or fax substantially similar to this letter, which letter or fax sets
      forth the material terms of the Transaction to which this Confirmation relates
      and indicates agreement to those terms.

    

    Yours
      faithfully,

    

    
      	 	
              HBOS
                Treasury Services plc

            	
              Franklin
                Credit Management Corp.

            
	 	 	 
	 	 	 
	 	 	 
	 	
              By:_________________________________

            	
              By:______________________________

            
	 	
              Name:
                Marta Zbien

            	
              Name:

            
	 	
              Title:
                Derivatives Processing Manager

            	
              Title:

            
	 	
              Tel:
                0207 574 8338

            	 
	 	
              Fax:
                0207 574 8363

            	 
	 	 	 
	 	 	
              Franklin
                Credit Management Corp.

            
	 	 	 
	 	 	
              By:
                ______________________________

            
	 	 	
              Name:

            
	 	 	
              Title:WARRANT
      CLARIFICATION AGREEMENT

    

    This
      Warrant Clarification Agreement (this ‘‘Agreement’’), dated November 9, 2006, is
      to the Warrant Agreement, dated as of March 15, 2006 (the ‘‘Warrant
      Agreement’’), by and between Acquicor Technology Inc., a Delaware corporation
      (‘‘Company’’), and Continental Stock Transfer & Trust Company, a New York
      corporation (‘‘Warrant Agent’’).

    

    WHEREAS,
      Section
      3.3(ii) of the Warrant Agreement provides that Company shall not be obligated
      to
      deliver any securities pursuant to the exercise of a warrant unless a
      registration statement under the Securities Act of 1933, as amended
      (‘‘Securities Act’’), with respect to the common stock is
      effective.

    

    WHEREAS,
      in
      furtherance of the foregoing, the Company’s final prospectus, dated March 15,
      2006, indicated (i) that no warrant would be exercisable unless at the time
      of
      exercise a prospectus relating to the common stock issuable upon exercise of
      the
      warrant is current and the common stock has been registered under the Securities
      Act or qualified or deemed to be exempt under the securities laws of the state
      of residence of the holder of the warrant and (ii) that the warrant may be
      deprived of any value and the market for the warrant may be limited if the
      prospectus relating to the common stock issuable upon the exercise of the
      warrant is not current or if the common stock is not qualified or exempt from
      qualification in the jurisdictions in which the holder of the warrant
      resides.

    

    WHEREAS,
      as a
      result of certain questions that have arisen regarding the accounting treatment
      applicable to the warrants, the parties hereto deem it necessary and desirable
      to amend the Warrant Agreement to clarify that the registered holders do not
      have the right to receive a net cash settlement in the event the Company does
      not maintain a current prospectus relating to the common stock issuable upon
      exercise of the warrants at the time such warrants are exercisable.

    

    NOW,
      THEREFORE,
      in
      consideration of the mutual agreements contained herein and other good and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, and intending to be legally bound hereby, the parties hereto
      agree
      to amend the Warrant Agreement as set forth herein.

    

    1.  Warrant
      Agreement.
      The
      Warrant Agreement is hereby clarified by adding the following sentence as the
      penultimate sentence of Section 3.3(ii):

    

    ‘‘Furthermore,
      if the Company is unable to deliver any securities pursuant to the exercise
      of a
      Warrant as a result of the foregoing situations, the Company will have no
      obligation to pay such Registered Holder any cash or other consideration or
      otherwise ‘‘net cash settle’’ the Warrant. Accordingly, the Warrants may expire
      or be redeemed unexercised and may be deprived of any value.’’

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.  Miscellaneous.

    

    (a)  Governing
      Law.
      The
      validity, interpretation, and performance of this Agreement and of the Warrants
      shall be governed in all respects by the laws of the State of New York, without
      giving effect to conflicts of law principles that would result in the
      application of the substantive laws of another jurisdiction. The Company hereby
      agrees that any action, proceeding or claim against it arising out of or
      relating in any way to this Agreement shall be brought and enforced in the
      courts of the State of New York or the United States District Court for the
      Southern District of New York, and irrevocably submits to such jurisdiction,
      which jurisdiction shall be exclusive. The Company hereby waives any objection
      to such exclusive jurisdiction and that such courts represent an inconvenient
      forum. Any such process or summons to be served upon the Company may be served
      by transmitting a copy thereof by registered or certified mail, return receipt
      requested, postage prepaid, addressed to it at the address set forth in Section
      9.2 of the Warrant Agreement. Such mailing shall be deemed personal service
      and
      shall be legal and binding upon the Company in any action, proceeding or
      claim.

    

    (b)  Binding
      Effect.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and to their respective heirs, legal representatives, successors and
      assigns.

    

    (c)  Entire
      Agreement.
      This
      Agreement sets forth the entire agreement and understanding between the parties
      as to the subject matter thereof and merges and supersedes all prior
      discussions, agreements and understandings of any and every nature among them.
      Except as set forth in this Agreement, provisions of the Warrant Agreement
      which
      are not inconsistent with this Agreement shall remain in full force and effect.
      This Agreement may be executed in counterparts.

    

    (d)  Severability.
      This
      Agreement shall be deemed severable, and the invalidity or unenforceability
      of
      any term or provision hereof shall not affect the validity or enforceability
      of
      this Agreement or of any other term or provision hereof. Furthermore, in lieu
      of
      any such invalid or unenforceable term or provision, the parties hereto intend
      that there shall be added as part of this Agreement a provision as similar
      in
      terms to such invalid or unenforceable provision as may be possible and be
      valid
      and enforceable.

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have executed this Warrant Clarification Agreement as of the
      date
      first written above.

    

    ACQUICOR
      TECHNOLOGY INC.

    

    

    By: /s/
      Gilbert F. Amelio  

    Gilbert
      F. Amelio

    Chairman
      and Chief Executive Officer

    

    CONTINENTAL
      STOCK TRANSFER & TRUST COMPANY

    

    

    By: /s/
      Frank DiPaolo   

    Frank
      DiPaolo

    Chief
      Financial Officer

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