Document:

EXHIBIT 10.3

THE SECURITIES REPRESENTED BY THIS AGREEMENT HAVE NOT BEEN
REGISTERED OR QUALIFIED UNDER FEDERAL OR STATE SECURITIES LAWS. THESE
SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, OR OTHERWISE
DISPOSED OF UNLESS SO REGISTERED OR QUALIFIED OR UNLESS AN EXEMPTION EXISTS,
THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED BY AN OPINION OF COUNSEL TO THE
REGISTERED HOLDER (WHICH OPINION AND COUNSEL SHALL BOTH BE SATISFACTORY TO THE
COMPANY).

INFOSONICS CORPORATION

AMENDED AND RESTATED STOCK
OPTION AGREEMENT

(Non-Employee Directors’ Option)

THIS AMENDED AND RESTATED STOCK OPTION AGREEMENT (this
“Agreement”) is made and entered into as of this 13th day of April 2006
and shall be effective as of the ___ day of ______ 2005, to the same extent as
if it had been entered into on that date, by and between InfoSonics
Corporation, a Maryland corporation (the “Company”), and ____________ (the “Optionee”)
with respect to the non-qualified stock option described below (the “Option”)
granted by the Company to the Optionee as of ____________ 2005. The Option is
granted outside the Company’s 2003 Stock Option Plan (the “2003 Plan”), but, to
the extent applicable, is subject to all the terms and conditions of the 2003
Plan, unless otherwise provided in this Agreement. This Agreement replaces and
supersedes any other agreement Optionee may have received with respect to the
____________, 2005 Option and, in consideration of this Agreement, Optionee
agrees that he shall have no further rights under any such other prior agreement.

WITNESSETH:

WHEREAS, effective as of __________, 200_, the
Optionee was elected as a director of the Company;

WHEREAS, the Company agreed to issue to the Optionee
an Option to purchase shares of the $.001 par value common stock of the Company
(“Common Stock”), said Option to be for the number of shares, at the price per
share and on the terms set forth in this Agreement;

WHEREAS, the Optionee is a Non-Employee Director, as
defined in the 2003 Plan; and

WHEREAS, the Optionee desires to receive the Option on
the terms and conditions set forth in this Agreement.

NOW, THEREFORE,
the parties agree as follows:

1.      Grant
Of Option. Subject to stockholder approval of the terms of this Agreement
at the 2006 Annual Meeting of Stockholders and satisfaction of American Stock
Exchange (“AMEX”) listing requirements for the shares subject to the Option,
the Company hereby grants to the Optionee the Option to purchase all or any
part of an aggregate of 15,000 shares of Common Stock of the Company (the “Option
Shares”) pursuant to the terms and conditions set forth in this Agreement.

2.      Option
Price. At any time when shares are to be purchased pursuant to the Option,
the purchase price (the “Option Price”) for each Option Share shall be
$________ per share, subject to adjustment as provided in this Agreement.

 

 

3.      Vesting/Exercise
Period.

(a)          The Option shall be fully vested as of
____________. However, no portion of the Option shall become exercisable until
the date, if any, that (i) the stockholders of the Company approve the
terms of this Agreement and (ii) AMEX approves the listing of the Option
Shares. Upon satisfaction of both conditions, the Option shall become fully
exercisable. If the stockholders do not approve the terms of this Agreement at
the 2006 Annual Meeting of Stockholders or AMEX does not approve listing of the
Option Shares, this Agreement and any prior agreement regarding the
________2005 Option shall immediately terminate and the Optionee shall have no
further rights under the Option.

(b)         The period for the exercise of the
Option shall terminate at 5:00 p.m., San Diego, California time on
____________, unless the Option is terminated earlier as provided in this
Agreement. Notwithstanding the foregoing, to the extent not earlier terminated,
the vested and exercisable portion of the Option shall terminate three months
after the Optionee ceases to be a director of the Company.

4.      Exercise
Of Option.

(a)          The Option may be exercised in whole
or in part by delivering to the Treasurer of the Company (i) a Notice And
Agreement Of Exercise Of Option, substantially in the form attached hereto as Exhibit A,
specifying the number of Option Shares with respect to which the Option is
exercised, and (ii) full payment of the Option Price for such shares. Payment
shall be made by certified check or cleared funds. The Option may not be
exercised in part unless the purchase price for the Option Shares purchased is
at least $1,000 or unless the entire remaining portion of the Option is being
exercised.

(b)         Promptly upon receipt of the Notice And
Agreement Of Exercise Of Option together with the full payment of the Option
Price, the Company shall deliver to the Optionee a properly executed
certificate or certificates representing the Option Shares being purchased.

(c)          During the lifetime of the Optionee,
the Option shall be exercisable only by the Optionee or a Permitted Transferee
(as defined in Section 7 of this Agreement); provided, that in the event
of the legal disability of the Optionee, the guardian or personal representative
of the Optionee may exercise the Option. Following the death of the Optionee,
the Option may be exercised by the personal representative of the Optionee
during any remaining term of the Option.

(d)         (1)           If
for any reason (other than as a result of the removal of Optionee as a director
of the Company) the Optionee ceases to be a director of the Company, then the
Option may be exercised within three months after the date Optionee ceases to
be a director of the Company, but only to the extent that (A) the Option
was exercisable according to its terms on the date Optionee ceased to be a
director of the Company, and (B) the period for exercise of the Option, as
defined in Section 3 of this Agreement, has not terminated as of the date
of exercise. Upon termination of the respective periods set forth in the
previous sentence, any unexercised portion of the Option shall expire.

(2)            If
the Optionee is removed as a director of the Company by a vote of stockholders
in accordance with the law of the Company’s state of incorporation, the Option
shall expire upon delivery to the Optionee of notice of removal, which may be
oral or in writing, and all rights to purchase shares pursuant to the Option
shall terminate immediately upon the delivery of such notice of removal.

5.      Withholding
Taxes. The Company may take such steps as it deems necessary or appropriate
for the withholding of any taxes which the Company is required by any law or
regulation or any governmental authority, whether federal, state or local,
domestic or foreign, to withhold in connection 

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with the Option including, but not limited to, the
withholding of all or any portion of any payment owed by the Company to the
Optionee or the withholding of issuance of Option Shares to be issued upon the
exercise of the Option.

6.      Securities
Laws Requirements. No Option Shares shall be issued unless and until, in
the opinion of the Company, there has been full compliance with, or an
exemption from, any applicable registration requirements of the Securities Act
of 1933, as amended (the “1933 Act”), any applicable listing requirements of
any securities exchange on which stock of the same class has been listed, and
any other requirements of law or any regulatory bodies having jurisdiction over
such issuance and delivery, or applicable exemptions are available and have
been complied with. Pursuant to the terms of the Notice And Agreement Of
Exercise Of Option (Exhibit A) that shall be delivered to the Company upon
each exercise of the Option, the Optionee shall acknowledge, represent, warrant
and agree as follows, to the extent required by the Company:

(a)          Optionee is acquiring the Option
Shares for investment purposes only and the Option Shares that Optionee is
acquiring will be held by Optionee without sale, transfer or other disposition
for an indefinite period unless the transfer of those securities is
subsequently registered under the federal securities laws or unless exemptions
from registration are available;

(b)         Optionee’s overall commitment to
investments that are not readily marketable is not disproportionate to Optionee’s
net worth and Optionee’s investment in the Option Shares will not cause such
overall commitments to become excessive;

(c)          Optionee’s financial condition is such
that Optionee is under no present or contemplated future need to dispose of any
portion of the Option Shares to satisfy any existing or contemplated
undertaking, need or indebtedness;

(d)         Optionee has sufficient knowledge and
experience in business and financial matters to evaluate, and Optionee has
evaluated, the merits and risks of an investment in the Option Shares;

(e)          The address set forth on the signature
page to this Agreement is Optionee’s true and correct residence, and
Optionee has no present intention of becoming a resident of any other state or
jurisdiction;

(f)          Optionee confirms that all documents,
records and books pertaining to an investment in the Option and the Option
Shares that have been requested by Optionee have been made available or
delivered to Optionee. Without limiting the foregoing, Optionee has received
and reviewed the Company’s periodic reports as filed with the Securities and
Exchange Commission, and Optionee has had the opportunity to discuss the
acquisition of the Option and the Option Shares with the Company, and Optionee
has obtained or been given access to all information concerning the Company
that Optionee has requested;

(g)         Optionee has had the opportunity to ask
questions of, and receive the answers from, the Company concerning the terms of
the investment in the Option Shares and to receive additional information
necessary to verify the accuracy of the information delivered to Optionee, to
the extent that the Company possesses such information or can acquire it
without unreasonable effort or expense;

(h)         Optionee understands that the Options
and the Option Shares issuable upon exercise of the Options have not been
registered under the 1933 Act or any state securities laws, and no 

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federal or state agency has made any finding or
determination as to the fairness of this investment or any recommendation or
endorsement of the sale of the Option Shares;

(i)           The Option Shares that Optionee is
acquiring will be solely for Optionee’s own account, for investment, and are
not being purchased with a view to or for the resale, distribution, subdivision
or fractionalization thereof. Optionee has no agreement or arrangement for any
such resale, distribution, subdivision or fractionalization thereof;

(j)           Optionee acknowledges and is aware of
the following:

(i)            The Company has a history of losses. The Option Shares
constitute a speculative investment and involve a high degree of risk of loss
by Optionee of Optionee’s total investment in the Option Shares.

(ii)           There are substantial restrictions on the transferability
of the Option Shares. Except as otherwise provided in Section 7 of this
Agreement, the Option Shares cannot be transferred, pledged, hypothecated, sold
or otherwise disposed of unless they are registered under the 1933 Act or an
exemption from such registration is available and established to the
satisfaction of the Company; investors in the Company have no rights to require
that the Option Shares be registered; there is no right of presentment of the
Option Shares and there is no obligation by the Company to repurchase any of
the Option Shares; and, accordingly, Optionee may have to hold the Option
Shares indefinitely and it may not be possible for Optionee to liquidate
Optionee’s investment in the Company.

(iii)          Unless the issuance of the Option Shares is registered,
each certificate issued representing the Option Shares shall be imprinted with
a legend that sets forth a description of the restrictions on transferability
of those securities, which legend will read substantially as follows:

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER FEDERAL OR
STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD,
PLEDGED, OR OTHERWISE DISPOSED OF UNLESS SO REGISTERED OR QUALIFIED OR UNLESS
AN EXEMPTION EXISTS, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED BY AN
OPINION OF COUNSEL TO THE REGISTERED HOLDER (WHICH OPINION AND COUNSEL SHALL
BOTH BE SATISFACTORY TO THE COMPANY).”

(k)          No Option Shares shall be sold or
otherwise distributed in violation of the 1933 Act or any other applicable
federal or state securities laws;

(l)           The Company may, without liability
for its good faith actions, place legend restrictions upon the certificates
representing the Option Shares and issue “stop transfer” instructions requiring
compliance with applicable securities laws and the terms of the Option;

(m)         The Optionee shall report all sales of
Option Shares to the Company in writing on a form prescribed by the Company;
and

 4
 

 

 

(n)           If and so long as the Optionee is
subject to reporting requirements under Section 16(a) of the
Securities Exchange Act of 1934, as amended (the “1934 Act”), the Optionee
shall (i) be aware that any sale by the Optionee or the Optionee’s
immediate family of shares of the Company’s Common Stock or any of the Option
Shares within six months before or after any transaction deemed to be a “purchase”
of an equity security of the Company may create liability for the Optionee
under Section 16(b) of the 1934 Act, (ii) consult with the
Optionee’s counsel regarding the application of Section 16(b) of the
1934 Act prior to any exercise of the Option, and prior to any sale of shares
of the Company’s Common Stock or the Option Shares, (iii) furnish the
Company with a copy of each Form 4 filed by the Optionee, and (iv) timely
file all reports required under the federal securities laws.

The
restrictions described in this Section 6 may be placed on the certificates
representing the Option Shares purchased pursuant to the Option, and the
Company may refuse to issue the certificates or to transfer the Option Shares
on its books unless it is satisfied that no violation of such restrictions will
occur.

7.      Transferability
Of Option. No Option shall be transferable by the Optionee otherwise than
by will or by the laws of descent and distribution or pursuant to a domestic
relations order (within the meaning of Rule 12a-12 promulgated under
the 1934 Act), and Options shall be exercisable during the lifetime of an
Optionee only by the Optionee or the Optionee’s guardian or legal
representative. Notwithstanding the foregoing, Options may be transferred to
Permitted Transferees (as defined below) of the Optionee, and for purposes of
this Agreement, a Permitted Transferee of an Optionee shall be deemed to be the
Optionee. The terms of an Option shall be final, binding and conclusive upon
the beneficiaries, executors, administrators, heirs and successors of the
Optionee. A “Permitted Transferee” means Optionee’s immediate family, trusts
solely for the benefit of such family members and partnerships in which such
family members and/or trusts are the only partners. For this purpose, immediate
family of a person means the person’s spouse, parents, children, stepchildren
and grandchildren and the spouses of such parents, children, stepchildren and
grandchildren.

8.      Adjustment
By Stock Split, Stock Dividend, Etc. If at any time the Company increases
or decreases the number of its outstanding shares of Common Stock, or changes
in any way the rights and privileges of such shares, by means of the payment of
a stock dividend or the making of any other distribution on such shares payable
in its Common Stock, or through a stock split or subdivision of shares, or a
consolidation or combination of shares, or through a reclassification or
recapitalization involving its Common Stock, the numbers, rights and privileges
of the shares of Common Stock included in the Option shall be increased,
decreased or changed in like manner as if such shares had been issued and
outstanding, fully paid and nonassessable at the time of such occurrence.

9.      Change
in Control and Reorganization Events.

Upon
consummation of a “Change in Control” or a “Reorganization Event” (as such
terms are defined in the 2003 Plan), the Option shall terminate to the extent
not exercised or cashed out, which cash out, if any, shall occur in accordance
with the terms and conditions applicable to other outstanding options under the
2003 Plan.

10.    Registration
Rights. Optionee shall have no registration rights unless otherwise agreed
by the Company.

11.    Common
Stock To Be Received Upon Exercise. Optionee understands that (a) the
Company is under no obligation to register the issuance of the Option Shares,
and (b) in the absence of any such registration, the Option Shares cannot
be sold unless they are sold pursuant to an exemption from registration under
the 1933 Act. Optionee also understands that with respect to Rule 144,
routine 

 5
 

 

sales of securities made in reliance upon such Rule can
be made only in limited amounts in accordance with the terms and conditions of
the Rule, and that in cases in which the Rule is inapplicable, compliance
with either Regulation A or another disclosure exemption under the 1933 Act
will be required. Thus, the Option Shares will have to be held indefinitely in
the absence of registration under the 1933 Act or an exemption from
registration.

12.    Privilege
Of Ownership. Optionee shall not have any of the rights of a stockholder
with respect to the shares covered by the Option except to the extent that one
or more certificates for such shares shall be delivered to him upon exercise of
the Option.

13.    Relationship
To Employment Or Position. Nothing contained in this Agreement (i) shall
confer upon the Optionee any right with respect to employment or continuance of
service as a director of the Company, or (ii) shall interfere in any way
with the right of the Company at any time to remove Optionee as a director of
the Company or determine not to nominate Optionee for an additional term as a
director.

14.    Section 409A
Compliance. Notwithstanding anything in this Agreement or the Plan to the
contrary, the Company may adopt such amendments to this Agreement and adopt
other policies and procedures (including amendments, policies and procedures
with retroactive effect) or take other actions that the Company determines are
necessary or appropriate to exempt the Award from Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”), or to comply with Section 409A
of the Code.

15.    Notices.
All notices, requests, demands, directions and other communications (“Notices”)
concerning this Agreement shall be in writing and shall be mailed or delivered
personally or sent by telecopier or facsimile to the applicable party at the
address of such party set forth below in this Section 15. When mailed,
each such Notice shall be sent by first class, certified mail, return receipt
requested, enclosed in a postage prepaid wrapper, and shall be effective on the
fifth business day after it has been deposited in the mail. When delivered
personally, each such Notice shall be effective when delivered to the address
for the respective party set forth in this Section 15, provided that it is
delivered on a business day and further provided that it is delivered prior to
5:00 p.m., local time of the party to whom the Notice is being delivered,
on that business day; otherwise, each such Notice shall be effective on the
first business day occurring after the Notice is delivered. When sent by
telecopier or facsimile, each such Notice shall be effective on the day on which
it is sent provided that it is sent on a business day and further provided that
it is sent prior to 5:00 p.m., local time of the party to whom the Notice
is being sent, on that business day; otherwise, each such Notice shall be
effective on the first business day occurring after the Notice is sent. Each
such Notice shall be addressed to the party to be notified as shown below:

	
   

  	
  (a)

  	
  if to the Company:

  	
  InfoSonics Corporation

  
	
   

  	
   

  	
   

  	
  5880 Pacific Center Blvd.

  
	
   

  	
   

  	
   

  	
  San Diego, California 92121

  
	
   

  	
   

  	
   

  	
  Facsimile No. (858) 373-1503

  
	
   

  	
   

  	
   

  	
  Attention: President

  
	
   

  	
  (b)

  	
  if to the Optionee:

  	
  __________________

  
	
   

  	
   

  	
   

  	
  At the address set forth on the signature page

  
	
   

  	
   

  	
   

  	
  of this Agreement

  

 

Either party may change
its respective address for purposes of this Section 15 by giving the other
party Notice of the new address in the manner set forth above.

 6
 

 

 

16.    General
Provisions. This instrument (a) contains the entire agreement between
the parties, (b) subject to Section 14 of this Agreement, may not be
amended nor may any rights hereunder be waived except by an instrument in
writing signed by the party sought to be charged with such amendment or waiver,
(c) shall be construed in accordance with, and governed by the laws of
California, except where conflicts of law rules require the application of
Maryland law, and (d) shall be binding upon and shall inure to the benefit
of the parties and their respective personal representatives and assigns,
except as above set forth. All pronouns contained herein and any variations
thereof shall be deemed to refer to the masculine, feminine or neuter, singular
or plural as the identity of the parties hereto may require.

IN WITNESS WHEREOF, the parties have executed this
Agreement on the dates set forth below.

 

	
  

  	
   

  	
   

  	
   

  	
  INFOSONICS CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
   

  	
  By: 

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Printed Name And Title

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  OPTIONEE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Address

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  City, State and Zip Code

  
	
   

  	
   

  	
   

  	
   

  	
  Facsimile No. (      )
  

  

 

 7Exhibit 10.1

AMENDMENT NO. 8 TO CREDIT AGREEMENT

This Amendment No. 8 to Credit Agreement, dated
as of June 9, 2006 (this “Amendment”), is entered into by and among
Blue Ridge Paper Products Inc., a Delaware corporation (“Borrower”), as
Borrower; Blue Ridge Holding Corp., a Delaware corporation (“Holdings”), as a
Credit Party; BRPP, LLC, a North Carolina limited liability company (the “IP Subsidiary”),
as a Credit Party; and General Electric Capital Corporation, as a Lender and as
Agent for Lenders (in such capacity, “Agent”).

RECITALS

A.   Borrower,
Holdings, the IP Subsidiary, Agent and Lender are parties to that certain
Credit Agreement, dated as of December 17, 2003 (as amended by Amendment
No. 1 thereto,
dated as of February 17, 2004, Amendment No. 2 thereto, dated as of September 15, 2004,
Consent and Amendment No. 3 thereto, dated as of October 8, 2004, Amendment No. 4
thereto, dated as of
October 8, 2004, Amendment No. 5
thereto, dated as of
December 21, 2004, Amendment No. 6 thereto, dated as of August 5, 2005, Amendment No. 7 thereto,
dated as of March 15, 2006, and as from time to time hereafter further
amended, restated, supplemented or otherwise modified and in effect, the
“Credit Agreement”), pursuant to which Lender has
made and will hereafter make loans
and advances and other extensions of credit to Borrower.

B.   Borrower,
Agent and Lender are desirous of mending the Credit Agreement as and to the
extent set forth herein
and subject
to the
terms and conditions
set forth herein.

C. This
Amendment shall constitute a Loan Document and these Recitals shall be construed
as part of
this Amendment. Capitalized terms used herein without definition are so used as
defined in the Credit Agreement and Annex A thereto.

NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter
contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1.   Amendments to
Credit Agreement.

1.l.   Section 1.5 (Interest and Applicable Margins) of the Credit
Agreement is amended by amending and restating in their entirety each of the
grids governing the adjustment of the Applicable Revolver Index Margin and the Applicable Revolver LIBOR
Margin set forth in paragraph (a) of such Section as follows:

	
  If Borrowing Availability is:

  	
   

  	
  Level
  of Applicable Margins:

  
	
  < 

  	
  $15,000,000

  	
   

  	
  Level I

  
	
  3

  	
  $15,000,000, but
  < $25,000,000

  	
   

  	
  Level II

  
	
  > 

  	
  $25,000,000

  	
   

  	
  Level III

  

 

 

 

	
  

  	
   

  	
  Applicable Margins

  	
   

  
	
   

  	
   

  	
  Level I

  	
   

  	
  Level II

  	
   

  	
  Level III

  	
   

  
	
  Applicable
  Revolver Index Margin

  	
   

  	
  0.25

  	
  %

  	
  0.00

  	
  %

  	
  0.00

  	
  %

  
	
  Applicable Revolver
  LIBOR Margin

  	
   

  	
  2.00

  	
  %

  	
  1.75

  	
  %

  	
  1.50

  	
  %

  

 

2.  Representations and
Warranties. Borrower represents and warrants to Agent and Lender that the
execution, delivery and performance by Borrower of this Amendment (a) have
been duly authorized by all necessary action
on the part of Borrower, and (b) do not and will not conflict with, result in
the breach or termination of, constitute a default under, or accelerate or
permit the acceleration of any performance required by, any indenture
(including, without limitation, the Senior Secured Notes Indenture), mortgage, deed of trust, lease, agreement or
other instrument to which Borrower is a party.

3.  Conditions
to Effectiveness. The effectiveness of this Amendment is expressly conditioned
upon the satisfaction of each of the following conditions precedent in a manner
acceptable to Agent:

3.1.   Agent’s receipt of counterparts of this Amendment, duly executed by Borrower, Holdings,
the IP Subsidiary, Agent and Lender.

3.2.   No Default or Event of Default shall have
occurred and be continuing or would result
from the effectiveness of this Amendment.

3.3.   The representations and warranties contained in Section 2
of this Amendment shall be true,
correct and complete.

4.  Reference to and Effect
Upon the Credit Agreement and other Loan Documents.

4.1.   The Credit Agreement, the Notes
and each other Loan Document shall remain in full force and effect and
each is hereby ratified and confirmed by Borrower, Holdings and the IP Subsidiary.
Without limiting the foregoing, the Liens granted pursuant to the Collateral Documents shall continue in full force and effect
and the guaranties of Holdings and the
IP Subsidiary shall continue in full force and effect.

4.2.   Each reference in
the Credit Agreement to “this Agreement”, “hereunder”, “hereof’, “herein” or
any other word or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference in
any other Loan Document to the Credit
Agreement or any word or words of similar import shall be and mean a reference to the Credit
Agreement as amended hereby.

5. Counterparts. This
Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed an original but all such counterparts shall
constitute one and the same instrument. A counterpart signature page delivered
by fax transmission shall be as effective as delivery of an originally executed
counterpart.

 2
 

 

 

6.   Costs and Expenses. As provided in Section 11.3
of the Credit Agreement, Borrower shall
pay the fees, costs and expenses incurred by Agent in connection with the
preparation, execution and delivery of this Amendment (including, without
limitation, reasonable attorneys’ fees).

7.   GOVERNING LAW. THIS AMENDMENT SHALL BE
GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS (AS
OPPOSED TO CONFLICTS OF LAW PROVISIONS) OF THE STATE OF NEW YORK.

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

[SIGNATURE PAGE FOLLOWS ]

 3

 

IN WITNESS WHEREOF, this Amendment has been
duly executed as of the date first written above.

 

	
  

  	
  BLUE RIDGE PAPER PRODUCTS INC., as Borrower

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  John Wadsworth

  
	
   

  	
  Title:

  	
  Chief Financial
  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  BLUE RIDGE HOLDING CORP., as a Credit Party

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  John Wadsworth

  
	
   

  	
  Title:

  	
  Chief Financial
  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  BRPP,
  LLC, as a Credit Party

  
	
   

  	
  By:

  	
  Blue Ridge Paper
  Products Inc., sole Member and Manager

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  John Wadsworth

  
	
   

  	
  Title:

  	
  Chief Financial
  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  GENERAL
  ELECTRIC CAPITAL CORPORATION,

  as Agent and Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Meenoo Sameer

  
	
   

  	
  Title:

  	
  Duly Authorized
  Signatory

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 AMENDMENT NO. 8 TO CREDIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]