Document:

exv10w9

Exhibit 10.9

ADC TELECOMMUNICATIONS, INC.

2011 EXECUTIVE MANAGEMENT INCENTIVE PLAN

Section 1. Establishment; Purpose

     (a) Establishment. On October 21, 2008, the Compensation Committee of the Board of Directors
of ADC Telecommunications, Inc., a Minnesota corporation (the “Company”), approved an incentive
plan for executive officers as described herein, which plan shall be known as the “ADC
Telecommunications, Inc. Executive Management Incentive Plan” (the “Plan”). This Plan is
established pursuant to the terms of the ADC Telecommunications, Inc. 2010 Global Stock Incentive
Plan. Any awards granted under this Plan and the material terms of the Plan shall be consistent
with the terms and conditions of the 2010 Global Stock Incentive Plan. The terms set forth herein
are in all cases subordinate and subject to the terms contained in the change in control severance
plans maintained by the Company.

     (b) Purpose. The purpose of the Plan is to provide a direct financial incentive for executive
officers of the Company to make a significant contribution to the annual strategic and financial
goals of the Company.

Section 2. Administration

     (a) Composition of the Committee. The Plan shall be administered by the Compensation
Committee of the Company’s Board of Directors (the “Committee”). To the extent required by Section
162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), the Committee administering
the Plan shall be composed solely of two or more “outside directors” within the meaning of Section
162(m) of the Code.

     (b) Power and Authority of the Committee. The Committee shall have full power and authority,
subject to all the applicable provisions of the Plan (including but not limited to the requirements
of Section 2(c) of the Plan) and applicable law, to (i) establish, amend, suspend, terminate or
waive such rules and regulations and appoint such agents as it deems necessary or advisable for the
proper administration of the Plan, (ii) construe, interpret and administer the Plan or any Annual
Cash Bonus Award (as defined below in Section 3(b)) made under the Plan, and (iii) make all other
determinations and take all other actions necessary or advisable for the administration of the
Plan. Unless otherwise expressly provided in the Plan, each determination made and each action
taken by the Committee pursuant to the Plan or Annual Cash Bonus Award made under the Plan (x)
shall be within the sole discretion of the Committee, (y) may be made at any time and (z) shall be
final, binding and conclusive for all purposes on all persons, including, but not limited to,
Participants (as defined in Section 3(a) below) and their legal representatives and beneficiaries.
For purposes of the Plan, the term “Affiliate” shall mean any entity that, directly or indirectly
through one or more intermediaries, is controlled by the Company and any entity in which the
Company has a significant equity interest, in each case as determined by the Committee in its sole
discretion.

     (c) Qualified Performance-Based Compensation. From time to time, the Committee may designate
an Annual Cash Bonus Award as an award of “qualified performance-based compensation” within the
meaning of Section 162(m) of the Code.. Notwithstanding any other provision of the Plan to the
contrary, the following additional requirements shall apply to all Annual Cash Bonus Awards made to
any Participant under the Plan:

     (i) The right to receive an Annual Cash Bonus Award shall be determined solely on
account of the attainment of one or more pre-established, objective performance goals
selected by the Committee in connection with the grant of the Annual Cash Bonus Award. Such
performance goals may apply to the Participant individually, an identifiable business unit
of the Company, the Company as a whole, or any combination thereof. The performance goals
shall be based solely on one or more of the following business criteria: revenue or revenue
growth; new product revenue; earnings (before or after taxes, interest, depreciation and/or
amortization); operating income or gross margin performance; market share; economic value
added; improvement in economic value added; cash flow (including free cash flow, net cash
flow, operating cash flow or any combination thereof); operating and fixed factory expense
levels; working

 

 

capital; stock price performance; earnings per share (basic or diluted); total
shareholder return and profitability as measured by any one or more of the following ratios:
return on revenue, return on assets or return on equity; and cumulative total return to
shareholders (whether compared to pre-selected peer groups or not). The foregoing shall
constitute the sole business criteria upon which the performance goals under this Plan shall
be based.

     (ii) The maximum bonus which may be paid to any Participant pursuant to any Annual Cash
Bonus Award with respect to any fiscal year shall not exceed the lesser of 300% of a
Participant’s base salary for that fiscal year or $4,000,000.

     (iii) For an Annual Cash Bonus Award, the Committee shall, not later than 90 days after
the beginning of each fiscal year:

	 	(A)	 	designate all Participants for such fiscal
year; and
	 
	 	(B)	 	establish the objective performance factors for
each Participant for that fiscal year on the basis of one or more of
the business criteria set forth herein.

     (iv) Following the close of each fiscal year and prior to payment of any amount to any
Participant under the Plan, the Committee must certify in writing as to the attainment of
all factors (including the performance factors for a Participant) upon which any payments to
a Participant for that fiscal year are to be based.

     (v) Each of the foregoing provisions, and all of the other terms and conditions of the
Plan as it applies to any Annual Cash Bonus Award, shall be interpreted in such a fashion so
as to qualify all compensation paid thereunder as “qualified performance-based compensation”
within the meaning of Section 162(m) of the Code.

Section 3. Eligibility and Participation

     (a) Eligibility. The Plan is maintained by the Company for its executive officers. In order
to be eligible to participate in the Plan, an executive officer of the Company or any of its
Affiliates must be selected by the Committee (if selected, that executive officer is referred to
herein as a “Participant”). In determining the executive officers who will participate in the
Plan, the Committee may take into account the nature of the services rendered by those executive
officers, their present and potential contributions to the success of the Company and other factors
as the Committee, in its sole discretion, deems relevant. A director of the Company or of an
Affiliate who is not also an employee of the Company or an Affiliate, and all members of the
Committee, shall not be eligible to participate in the Plan.

     (b) Participation. The Committee shall determine the employees eligible to be granted an
annual cash bonus award (an “Annual Cash Bonus Award”), the amount or range (subject to the limits
set forth in the Plan) of the potential bonus to be paid pursuant to each Annual Cash Bonus Award,
the time or times when Annual Cash Bonus Awards will be made, and all other terms and conditions of
each Annual Cash Bonus Award. The provisions of the Annual Cash Bonus Awards need not be the same
with respect to different Participants. The Committee’s decision to approve an Annual Cash Bonus
Award to an executive officer in any year shall not require the Committee to approve a similar
Annual Cash Bonus Award or any Annual Cash Bonus Award at all to that executive officer or any
other executive officer or person at any future date. The Company and the Committee shall not have
any obligation for uniformity of treatment of any person, including, but not limited to,
Participants and their legal representatives and beneficiaries and employees of the Company or of
any Affiliate of the Company.

     (c) Employment. In the absence of any specific agreement to the contrary, no Annual Cash
Bonus Award to a Participant under the Plan shall affect any right of the Company, or of any
Affiliate of the Company, to terminate, with or without cause, the Participant’s employment with
the Company or any Affiliate at any time. Neither the establishment of the Plan, nor the granting
of any Annual Cash Bonus Award hereunder, shall give any Participant (i) any rights to remain
employed by the Company or any Affiliate; (ii) any benefits not specifically

2

 

provided for herein or in any Annual Cash Bonus Award granted hereunder; or (iii) any rights
to prevent the Company or any Affiliate from modifying, amending or terminating any of its other
benefit plans of any nature whatsoever.

Section 4. Payment of Annual Cash Bonus Awards

     (a) General. Annual Cash Bonus Awards may be granted singly or in combination, or in addition
to, in tandem with or in substitution for any grants or rights under any other employee or
compensation plan of the Company or of any Affiliate. All or part of an Annual Cash Bonus Award
may be subject to conditions and forfeiture provisions established by the Committee, which may
include, but are not limited to, continuous service with the Company or an Affiliate.

     (b) Payment of Annual Cash Bonus Awards. Payment of any bonuses pursuant to Annual Cash Bonus
Awards shall be made solely in cash and may be made, subject to any deferred compensation election
which may be permitted pursuant to any plan maintained by the Company, at such times, with such
restrictions and conditions as the Committee, in its sole discretion, may determine at the time of
grant of the Annual Cash Bonus Awards.

     (c) Discretionary Reduction. The Committee shall retain sole and full discretion to reduce,
in whole or in part, the amount of any cash payment otherwise payable to any Participant under this
Plan.

Section 5. Termination of Employment

     (a) Termination of Employment. If employment with ADC is terminated for any reason other than
death and if the Employment Termination Date occurs prior to the end of the fiscal year, a
Participant will not receive an Annual Cash Bonus Award under the Plan. For purposes of this Plan,
the “Employment Termination Date” is the date that the Participant ceases to be an employee of the
Company (as determined by the Committee). In the case of termination of employment by the Company,
the Employment Termination Date shall be determined without regard to whether such termination is
with or without cause or with or without reasonable notice.

     (b) Death. If a Participant dies during the fiscal year, a pro-rated payment of the Annual
Cash Bonus Award otherwise payable for the full fiscal year will be made to the Participant’s
estate. The payment will be based upon the time the Participant served as an executive officer
during the fiscal year.

Section 6. Nontransferability

     An Annual Cash Bonus Award is only transferable in accordance with the 2008 Global Stock
Incentive Plan.

Section 7. Taxes

     In order to comply with all applicable federal or state income, social security, payroll,
withholding or other tax laws or regulations, the Company may take such action, and may require a
Participant to take such action, as it deems appropriate to ensure that all applicable federal or
state income, social security, payroll, withholding or other taxes, which are the sole and absolute
responsibility of the Participant, are withheld or collected from such Participant.

Section 8. Amendment and Termination

     (a) Term of Plan. Unless the Plan shall have been discontinued or terminated as provided in
Section 8(b) hereof, no Annual Cash Bonus Awards shall be granted under the Plan after March 5,
2018. No Annual Cash Bonus Awards may be granted after such termination, but termination of the
Plan shall not alter or impair any rights or obligations under any Annual Cash Bonus Award
theretofore granted (including the payment of such Annual Cash Bonus Award within the time period
permitted by the Code, as the same may be amended from time to time), without the consent of the
Participant or holder or beneficiary thereof.

3

 

     (b) Amendments to and Termination of Plan. Except to the extent prohibited by applicable law
and unless otherwise expressly provided in the Plan, the Committee may amend, alter, suspend,
discontinue or terminate the Plan; provided, however, that notwithstanding any
other provision of the Plan, without the approval of the shareholders of the Company, no such
amendment, alteration, suspension, discontinuation or termination shall be made that, absent such
approval would cause any compensation paid pursuant to any Annual Cash Bonus Award granted pursuant
to the Plan to no longer qualify as “qualified performance-based compensation” within the meaning
of Section 162(m) of the Code.

     (c) Correction of Defects, Omissions and Inconsistencies. Except to the extent prohibited by
applicable law and unless otherwise expressly provided in the Plan, the Committee may correct any
defect, supply any omission or reconcile any inconsistency in the Plan or any Annual Cash Bonus
Award in the manner and to the extent it shall deem desirable to carry the Plan into effect.

Section 9. Miscellaneous

     (a) Governing Law. The Plan and all of the Participants’ rights thereunder shall be governed
by and construed in accordance with the internal laws, and not the laws of conflicts, of the State
of Minnesota.

     (b) Severability. If any provision of the Plan, or any Annual Cash Bonus Award is or becomes
or is deemed to be invalid, illegal or unenforceable in any jurisdiction or would disqualify the
Plan, or any Annual Cash Bonus Award under any law deemed applicable by the Committee, such
provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so
construed or deemed amended without, in the determination of the Committee, materially altering the
purpose or intent of the Plan, and the Annual Cash Bonus Award such provision shall be stricken as
to such jurisdiction, and the remainder of the Plan, and any such Annual Cash Bonus Award shall
remain in full force and effect.

     (c) No Trust or Fund Created. Neither the Plan nor any obligations to pay an Annual Cash
Bonus Award shall create or be construed to create a trust or separate fund of any kind or a
fiduciary relationship between the Company or any Affiliate and a Participant or any other person.
To the extent that any person acquires a right to receive payments from the Company or any
Affiliate pursuant to an Annual Cash Bonus Award, such right shall be no greater than the right of
any unsecured general creditor of the Company or of any Affiliate.

     (d) Nature of Payments. Any and all cash payments pursuant to any Annual Cash Bonus Award
granted hereunder shall constitute special incentive payments to the Participant, and such payments
shall not be taken into account in computing the amount of the Participant’s salary or compensation
for purposes of determining any pension, retirement, death or other benefits under (i) any pension,
retirement, profit sharing, bonus, life insurance or other employee benefit plan of the Company or
any Affiliate or (ii) any agreement between the Company (or any Affiliate) and the Participant,
except to the extent that such plan or agreement expressly provides to the contrary.

4Exhibit 10.1

Exhibit 10.1

AMENDMENT NO. 6 TO

FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT

AND AMENDMENT TO CREDIT AGREEMENTS

THIS AMENDMENT NO. 6 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO
CREDIT AGREEMENTS (this “Amendment”), is effective as of the 30th day of
September, 2010 (the “Amendment Effective Date”), by and among FRANKLIN CREDIT ASSET
CORPORATION (“Franklin Asset”), FRANKLIN CREDIT HOLDING CORPORATION (“Holding”),
Flow 2006 F CORP., FCMC 2006 M CORP., FCMC 2006 K CORP. and THE HUNTINGTON NATIONAL BANK
(“Lender”). This Amendment further amends and modifies a certain First Amended and
Restated Forbearance Agreement and Amendment to Credit Agreements, dated as of December 19, 2008
(as amended, restated, supplemented or otherwise modified from time to time prior to the Amendment
Effective Date, the “Forbearance Agreement”) by and among the parties hereto and certain
other parties to such Forbearance Agreement. All capitalized terms used in this Amendment and not
otherwise defined herein shall have the meanings ascribed to such terms in the Forbearance
Agreement. Franklin Asset, Holding and each Static Loan Borrower (as defined below) shall be
individually an “Amendment Loan Party” and together the “Amendment Loan Parties.”

WHEREAS, Flow 2006 F Corp., FCMC 2006 M Corp., and FCMC 2006 K Corp. (each a “Static Loan
Borrower” and together, the “Static Loan Borrowers”), Franklin Asset, certain other
parties thereto, and Lender are parties to that certain Master Credit and Security Agreement, dated
as of October 13, 2004, as the same has been amended, supplemented, restated, or otherwise modified
prior to the date of this Amendment (the “Franklin Master Agreement”), pursuant to which
Lender holds certain outstanding loans evidenced by (i) a certain Flow 2006 F Corp. note dated
December 1, 2006, in the original principal amount of $19,863,972.93, (ii) a certain FCMC 2006 M
Corp. amended and restated note dated August 30, 2006, in the original principal amount of
$16,183,766.66, and (iii) a certain FCMC 2006 K Corp. amended and restated promissory note dated
August 30, 2006, in the original principal amount of $14,433,383.90 (collectively, the “Static
Loans”);

WHEREAS, the Static Loan Borrowers have defaulted and may continue to default under the
Forbearance Agreement, the Franklin Master Agreement and the promissory notes and other Loan
Documents executed in connection therewith in respect of (i) their failure to make scheduled
principal and interest payments when due thereunder, and (ii) their failure after the Amendment
Effective Date to make any scheduled principal and interest payments due thereunder as a result of
the cash flow from the Mortgage Loans securing the Static Loans being insufficient to pay such
amounts (collectively the defaults under clauses (i) and (ii) above shall be referred to as the
“Identified Forbearance Defaults”);

 

 

 

WHEREAS, pursuant to the terms of the Forbearance Agreement, Lender has agreed not to exercise
its rights to initiate proceedings to foreclose or otherwise realize upon the Mortgage
Loans securing the Static Loans prior to September 30, 2010, and Franklin Asset and the Static Loan
Borrowers have requested that Lender further extend such forbearance; and

WHEREAS, Franklin Asset owns and holds of 100% of the Capital Stock of, among other
Subsidiaries, the Static Loan Borrowers.

NOW, THEREFORE, the parties hereto agree as follows:

1. Extension of Forbearance for the Static Loans. The first sentence of Section 1(a)
of the Forbearance Agreement is deleted and is hereby replaced with the following:

Absent the occurrence and continuance of a Forbearance Default other than an
Identified Forbearance Default, prior to December 31, 2010 (the “Forbearance
Date”), Lender agrees not to initiate collection proceedings or exercise its
remedies under the Loan Documents in respect of any Static Loan against any Loan
Party or any Collateral for such Static Loan or elect to have interest accrue under
the respective Loan Documents at the stated rate applicable after default.

2. Conditions of Effectiveness. This Amendment shall become effective as of the
Amendment Effective Date, upon satisfaction of all of the following conditions precedent:

(a) Lender shall have received execution and delivery of, to the satisfaction of
Lender and its counsel, two (2) duly executed copies of this Amendment; and

(b) The representations contained in the immediately following paragraph shall be true
and accurate.

3. Representations and Warranties. Each Amendment Loan Party represents and warrants
to Lender as follows: except in respect of the Identified Forbearance Defaults, (a) the execution,
delivery, and performance of this Amendment by each Amendment Loan Party has been duly authorized
by all requisite corporate or organizational action on the part of such Amendment Loan Party and
will not violate any of its organizational documents; (c) this Amendment has been duly executed and
delivered by each Amendment Loan Party, and each of this Amendment, the Forbearance Agreement, and
each other Loan Document as amended hereby constitutes the legal, valid, and binding obligation of
each Amendment Loan Party, enforceable against such Amendment Loan Party in accordance with the
terms thereof; and (d) no event has occurred and is continuing, and no condition exists, which
would constitute a Forbearance Default.

4. Ratification and Reaffirmation. Each Amendment Loan Party agrees (i) that all the
obligations, indebtedness, and liabilities of each Static Loan Borrower to Lender under the
Forbearance Agreement are the valid and binding obligations of such Static Loan Borrower; (ii) that
the obligations, indebtedness, and liabilities of each Static Loan Borrower evidenced by each Loan
Document executed and delivered by each Static Loan Borrower is valid and binding without any
present right of offset, claim, defense, or recoupment of any kind and are hereby ratified and
confirmed in all respects; and (iii) that the Liens and security interests granted to Lender as
security for all obligations and liabilities of each Static Loan Borrower under the
Forbearance Agreement and the other Loan Documents are valid and binding and are hereby
ratified and confirmed in all respects.

 

 

 

5. Reference to and Effect on the Loan Documents. Upon the effectiveness of this
Amendment, each reference in the Forbearance Agreement to “Forbearance Agreement and Amendment to
Credit Agreements,” “Forbearance Agreement,” “Agreement,” the prefix “herein,” “hereof,” or words
of similar import, and each reference in the Loan Documents to the Forbearance Agreement, shall
mean and be a reference to the Forbearance Agreement as amended hereby. In respect of each Static
Loan Borrower, except to the extent amended or modified hereby, all of the representations,
warranties, terms, covenants, and conditions of the Forbearance Agreement and the other Loan
Documents shall remain as written originally and in full force and effect in accordance with their
respective terms and are hereby ratified and confirmed, and nothing herein shall affect, modify,
limit, or impair any of the rights and powers which Lender may have hereunder or thereunder.
Nothing in this Amendment shall constitute a novation. The amendments set forth herein shall be
limited precisely as provided for herein, and shall not be deemed to be a waiver of, amendment of,
consent to, or modification of any of Lender’s rights under, or of any other term or provisions of,
the Forbearance Agreement or any other Loan Document, or of any term or provision of any other
instrument referred to therein or herein or of any transaction or future action which would require
the consent of Lender.

6. Waiver and Release of All Claims and Defenses; Communications.

(a) Each Amendment Loan Party, for itself and its respective successors and assigns,
agents, employees, officers, and directors, hereby forever waive, relinquish, discharge, and
release all defenses and Claims of every kind or nature, whether existing by virtue of
state, federal, or local law, by agreement, or otherwise, against (i) Lender, its
successors, assigns, directors, officers, shareholders, agents, employees, and attorneys,
and (ii) all participants in any Commercial Loans or Advances, such participants’
successors, assigns, directors, officers, shareholders, agents, employees, and attorneys,
(iii) any obligation evidenced by any Credit Agreement, any promissory note, instrument, or
other Loan Document in connection therewith, and (iv) any Collateral, in each instance,
which any Amendment Loan Party, may have or may have made at any time up through and
including the date of this Amendment, including without limitation, any affirmative
defenses, counterclaims, setoffs, deductions, or recoupments, by any Amendment Loan Party.
“Claims” means all debts, demands, actions, causes of action, suits, dues, sums of
money, accounts, bonds, warranties, covenants, contracts, controversies, promises,
agreements, or obligations of any kind, type, or description, and any other claim or demand
of any nature whatsoever, whether known or unknown, accrued or unaccrued, disputed or
undisputed, liquidated of contingent, in contract, tort, at law, or in equity, which any
Amendment Loan Party, claimed to have, now has, or shall or may have. The term Claims also
includes all causes of action, liabilities, and rights arising under or by virtue of any
Credit Agreement, promissory note, or other document or any transaction entered into in
connection therewith. Nothing contained in this Amendment prevents enforcement of this
waiver and release.

 

 

 

(b) Each party to this Amendment acknowledges and agrees that one purpose of this
Amendment is to facilitate the resolution of the Identified Forbearance Defaults and that,
consistent with such purpose, no part of any oral or written communications between or among
any Amendment Loan Party or Lender regarding the transactions contemplated in this
Amendment, exclusive of this written Amendment itself (collectively,
“Communications”), shall be utilized or deemed to be admissible as evidence in any
litigation involving any party to this Amendment. Communications shall be deemed to
constitute “compromise negotiations,” and not to constitute evidence that is “discoverable,”
as those phrases are used in the Federal Rules of Evidence and any applicable state rules of
evidence, and no Communications shall be deemed to constitute evidence that is otherwise
admissible for any other purpose.

(c) The release and communication provisions provided by paragraphs (a) and (b) of this
Section, shall survive and continue in full force and effect notwithstanding the occurrence
of a Forbearance Default under the terms of this Amendment or the termination of this
Amendment.

7. No Waiver. Nothing in this Amendment shall be construed to waive, modify, or cure
any default or Event of Default or Forbearance Default (other than the Identified Forbearance
Defaults) that exist that exists or may exist under the Forbearance Agreement or other Loan
Document.

8. Waiver of Right to Trial by Jury. EACH PARTY TO THIS AMENDMENT HEREBY EXPRESSLY
WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (1) ARISING
UNDER THIS AMENDMENT OR ANY LOAN DOCUMENT, OR (2) IN ANY WAY CONNECTED WITH OR RELATED OR
INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AMENDMENT OR
ANY OTHER LOAN DOCUMENT, OR THE TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE, AND EACH
PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION SHALL BE
DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AMENDMENT MAY FILE AN ORIGINAL
COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE
PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

9. Counterparts. This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed and delivered
shall be an original, and all of which together will constitute one and the same instrument.
Receipt by Lender of a facsimile copy of an executed signature page hereof will constitute receipt
by Lender of an executed counterpart of this Amendment.

10. Costs and Expenses. Each Amendment Loan Party agrees to pay on demand all costs
and expenses of Lender in connection with the preparation, reproduction, execution, and delivery of
this Amendment and all other Loan Documents entered into in connection herewith,
including the reasonable fees and out-of-pocket expenses of Lender’s counsel with respect
thereto.

 

 

 

11. Further Assurances. Each Amendment Loan Party agrees to execute and deliver such
additional documents, instruments, and agreements reasonably requested by Lender as may be
reasonably necessary or appropriate to effectuate the purposes of this Amendment.

12. Governing Law. This Amendment and the rights and obligations of the parties
hereto shall be governed by, and construed and interpreted in accordance with, the laws of the
State of Ohio.

13. Headings. Section headings in this Amendment are included herein for convenience
of reference only and will not constitute a part of this Amendment for any other purpose.

14. Patriot Act Notice. Lender hereby notifies each Amendment Loan Party that
pursuant to the requirements of the USA Patriot Act (Title III of Pub.L. 10756, signed into law
October 26, 2001) (the “Act”), it is required to obtain, verify, and record information
that identifies each party hereto, which information includes the name and address of each
Amendment Loan Party and other information that will allow Lender to identify each such party in
accordance with the Act.

[Signature page follows.]

 

 

 

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands as of the Amendment
Effective Date.

	 	 	 	 	 
	 	AMENDMENT LOAN PARTIES:

FRANKLIN CREDIT ASSET 

CORPORATION

 	 
	 	By:  	/s/ Thomas J. Axon
 	 
	 	 	Name:  	Thomas J. Axon 	 
	 	 	Title:  	President 	 
	 
	 	Address for Notices:

101 Hudson St., 25th Floor

Jersey City, New Jersey 07302

Fax: (201) 604-4400

Attention: General Counsel

FRANKLIN CREDIT HOLDING 

CORPORATION

 	 
	 	By:  	/s/ Thomas J. Axon
 	 
	 	 	Name:  	Thomas J. Axon 	 
	 	 	Title:  	President 	 
	 
	 	Address for Notices:

Same as above

FLOW 2006 F CORP.

 	 
	 	By:  	/s/ Thomas J. Axon
 	 
	 	 	Name:  	Thomas J. Axon 	 
	 	 	Title:  	President 	 
	 
	 	Address for Notices:

Same as above	 

Signature Page to Amendment No. 6 to First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements

 

 

 

	 	 	 	 	 
	 	
FCMC 2006 M CORP.

 	 
	 	By:  	/s/ Thomas J. Axon
 	 
	 	 	Name:  	Thomas J. Axon 	 
	 	 	Title:  	President 	 
	 
	 	Address for Notices:

Same as above

FCMC 2006 K CORP.

 	 
	 	By:  	/s/ Thomas J. Axon
 	 
	 	 	Name:  	Thomas J. Axon 	 
	 	 	Title:  	President 	 
	 
	 	Address for Notices:

Same as above
	 

Signature Page to Amendment No. 6 to First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements

 

 

 

	 	 	 	 	 
	 	LENDER:

THE HUNTINGTON NATIONAL BANK

 	 
	 	By:  	/s/ Mark Taylor Bahlmann
 	 
	 	 	Name:  	Mark Taylor Bahlmann 	 
	 	 	Title:  	Authorized Signer 	 
	 
	 	Address for Notices:

41 South High Street (HC0936)

Columbus, Ohio 43215

Attn: Commercial Lending/Huntington Capital

Telephone No.: (614) 480-4449

Telecopier No.: (614) 480-4999

With a copy to:

Porter Wright Morris & Arthur LLP

41 South High Street

Columbus, Ohio 43215

Attn: Timothy E. Grady, Esq.

Telecopier No.: (614) 227-2105

Telephone No.: (614) 227-2100
	 

Signature Page to Amendment No. 6 to First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements

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