Document:

Employment Agreement between Intermix Media, Inc. and Lisa Terrill

 Exhibit 10.1 
  
 March 17, 2005 
  
 PRIVATE & CONFIDENTIAL 
  
 Ms. Lisa M. Terrill 
 214 15th Place 
 Manhattan Beach, CA 90266 
  
 Dear Lisa, 
  
 On behalf of Intermix Media, Inc. (“Intermix” or the “Company”), I am delighted to summarize the terms and conditions of
an offer of employment with the Company. Upon your acceptance, these terms will be incorporated in a comprehensive employment agreement for execution by both parties. Please do not hesitate to contact me or Andy Knox with any questions or comments
that you may have on the content of this document or our intentions, as well as any related issues. 
  

	I.	Role and Reporting Relationship 

  
 You will join the Company as Executive Vice President and Chief Financial Officer and report directly to me in my capacity as Chief Executive Officer. In
addition to your role as the Company’s senior financial executive, you will also oversee human resources, be an executive officer of the Company and participate with the Company’s other executive officers and senior management in setting
and executing company policy and direction. 
  

	II.	Compensation and Benefits 

  
 We have customized components of the Company’s compensation and benefits programs to suit your particular needs. You will be eligible to participate
in all of the programs available to executive officers at Intermix, subject, of course, to the terms and conditions of those programs and the Company’s policies with respect to their implementation. Please keep in mind that a cornerstone of our
compensation philosophy is the link between executive compensation and corporate performance and 

			
	Ms. Lisa M. Terrill	 	March 17, 2005
	Page 2 of 4	 	 

  
 returns to
stockholders. Your compensation and benefits will include the items summarized below: 
  

	 	•	 	Base Annual Salary - $225,000 initially. Your performance will be reviewed annually along with that of the senior executives of the Company generally. Adjustments to your
base salary, if any, will be made at that time. 

  

	 	•	 	Performance Bonus - you will participate in the annual incentive program of Intermix as established from year to year upon the recommendation of the Compensation Committee of
the Company’s Board of Directors. For fiscal year 2005 (ending March 31, 2005), executive officers are eligible to earn awards in the range of zero to sixty percent (60%) of their base salary based upon achievement of Company performance
metrics. The target award under the Program is thirty percent (30%) of base salary, based upon achievement of 100% of the performance criteria, which amount may increase or decrease based upon exceeding or falling short of such targets.

  

	 	•	 	Equity - is a very important component of the compensation philosophy of Intermix Media. The Compensation Committee of the Company’s Board of Directors has adopted a
Long-Term Equity Compensation Plan (“LTECP”) with respect to the administration of the Company’s 2004 Stock Awards Plan. Under the LTECP, stock - awards to executive officers are made at the discretion of the Compensation Committee,
subject to Board approval. I will recommend to the Compensation Committee that, at the earliest possible opportunity, you be granted an option to purchase 300,000 shares of the Company’s common stock which option would vest over 4 years with
25% of the option vesting one year after the date of grant and the pro-rata remainder vesting quarterly thereafter. The strike price of the option will be market price as of the date of grant. The Company is presently working with Mercer to
reevaluate the LTECP and to establish guidelines for the award of restricted stock or restricted stock units. We expect that you will play a role in this process given your finance and human resources responsibilities, working closely with Jim
Quandt, Chair of the Compensation Committee. 

			
	Ms. Lisa M. Terrill	 	March 17, 2005
	Page 3 of 4	 	 

  

	 	•	 	Other - the full range of benefits for you and the family will be summarized separately in our Employee Benefits Handbook. Of particular interest to you may be our
401(k) Program. Employees are provided the opportunity to make contributions of up to fifteen percent (15%) of their base salary to the Program, with limitations as determined by applicable statute. The Company fully matches the first three percent
(3%) of an employee’s contributions and then one half of the next two percent (2%). Employees are eligible to participate in this Program after ninety (90) days of continuous employment. 

  

	III.	Severance and Notice 

  
 Intermix is an “at will” employer. You will be provided with up to six (6) months of base salary and benefits continuation (the latter to be
provided in the form of Company-paid COBRA) as severance in the event that you are terminated for reasons other than cause during the term of your employment. This benefit would be payable monthly for up to six (6) months or until you begin new
employment, whichever occurs first. 
  
 Both parties will be
required to provide the other with thirty (30) days of written notice of their intention to terminate the relationship. 
  

	IV.	Reference Checking and Background Check 

  
 This offer is contingent upon satisfactory personal and professional reference checking, as well as a comprehensive background check, which will be
conducted on our behalf by Korn/Ferry International. 
  
 ************************* 

			
	Ms. Lisa M. Terrill	 	March 17, 2005
	Page 4 of 4	 	 

  
 Thank you for all of the time, thought
and effort that you have invested in considering Intermix and the Chief Financial Officer role. We are all very pleased by the prospect of your playing a leading role in the future of Intermix. On a personal and professional note, I am looking
forward to partnering together to lead Intermix and maximize its full potential in the years to come. If you accept our offer on the terms and conditions set forth above, please kindly sign and return a duplicate to me or Andy Knox no later than
the close of business on March 21, 2005. 
  
 Sincerely, 
  
 /s/ Brett Brewer 

 Brett Brewer 
 President and Director 
 Intermix Media, Inc. 
  
 Accepted: 
  

			
	 /s/ Lisa M. Terrill

	  	Date: 3-18-05
	Lisa M. Terrill	  	 

  

	cc:	James R. Quandt 

 Christopher Lipp 
 Andrew W. Knox 
 John F. AmerAmendment No. 1 to the Amended and Restated Credit Agreement dated 3-29-2004

 
Exhibit 10.1 
  
 THE AMENDED AND RESTATED CREDIT AGREEMENT 
  
 This Amendment No. 1 to the Amended and Restated Credit Agreement (this “Amendment”) is made as of March 22, 2005, by and among STERIS CORPORATION, an Ohio corporation (“Borrower”),
the lending institutions parties to the Credit Agreement, as hereinafter defined (“Lenders”), and KEYBANK NATIONAL ASSOCIATION, as administrative agent for the Lenders (“Agent”). 
  
 RECITALS: 
  
 A. Borrower, Agent and the Lenders are parties to the Amended and Restated Credit Agreement dated as of March 29, 2004 (as
the same may from time to time be amended, restated or otherwise modified, the “Credit Agreement”). 
  
 B. Borrower, Agent and the Lenders desire to amend the Credit Agreement to modify certain provisions thereof. 
  
 C. Each capitalized term used herein shall be defined in accordance with the
Credit Agreement. 
  
 AGREEMENT: 
  
 In consideration of the premises and mutual covenants herein and for other
valuable considerations, Borrower, Agent and the Lenders agree as follows: 
  
 1. Amendment to Definitions. Section 1.01 of the Credit Agreement is hereby amended to delete the definition of “Excluded Agreement” therefrom and to insert in place thereof the following:

  
 “Excluded Agreement” means
any (a) contract or agreement entered into in connection with Indebtedness permitted to be incurred pursuant to Section 5.08(c), (e), (h), (i), or (k) not in excess, in the case of any contract or agreement evidencing Indebtedness permitted to be
incurred pursuant to such Section 5.08(e), of $20,000,000 of Indebtedness in the aggregate, or (b) any contract or agreement entered into in connection with obligations secured by a Lien permitted pursuant to Section 5.09(l) not in excess, in the
aggregate for all such secured obligations under all such contracts or agreements, of $20,000,000. 
  
 2. Amendment to Liens Covenant. Section 5.09(l) of the Credit Agreement is hereby amended and restated in its entirety as follows: 
  
 (l) in addition to the Liens permitted above, additional
Liens on any assets of any Company securing obligations of such Company, so long as (i) such Liens do not secure any Indebtedness, and (ii) the aggregate amount of all obligations secured by all such Liens for all Companies does not exceed
$20,000,000. 

 3. Amendment to Acquisition Covenant. Section 5.13(c) of the Credit Agreement is hereby amended
and restated in its entirety as follows: 
  
 (c)
(i) with respect to any Acquisition where the aggregate Consideration involved is less than an amount equal to 10% of Consolidated Net Worth, based upon Borrower’s financial statements for the most recently completed fiscal quarter, Borrower
provides to Agent and the Lenders at least 5 Business Days (or such shorter period of time as may be agreed to by Agent, but not less than 3 Business Days) prior to the date such Acquisition is to be consummated (A) a written description of such
Acquisition and the Consideration involved therewith, and (B) a certificate of a Financial Officer demonstrating that both prior to and immediately after giving pro forma effect (excluding the value of any assumed operating synergies) to such
Acquisition the Leverage Ratio will not exceed 2.75 to 1.00; and (ii) with respect to any Acquisition where the aggregate Consideration involved equals or exceeds an amount equal to 10% of Consolidated Net Worth, based upon Borrower’s financial
statements for the most recently completed fiscal quarter, Borrower provides to Agent and the Lenders, as early as possible and, in any event, not fewer than 5 Business Days (or such shorter period of time as may be agreed to by Agent, but not less
than 3 Business Days) prior to the date of consummation of such Acquisition, (A) a written description of such Acquisition and the Consideration involved therewith, and (B) historical financial statements of such Person and a pro forma financial
statement of the Companies accompanied by a certificate of a Financial Officer showing (1) pro forma compliance (excluding the value of any assumed operating synergies) with each of the financial covenants set forth in Section 5.07 hereof, both
before and after giving effect to such Acquisition, and (2) that both prior to and immediately after giving pro forma effect (excluding any the value of any assumed operating synergies) to such Acquisition the Leverage Ratio will not exceed 2.75 to
1.00. 
  
 4. Conditions Precedent. The amendments set forth
above shall become effective upon the satisfaction of the following conditions precedent: 
  
 (a) this Amendment has been executed by Borrower, Agent and the Required Lenders, and counterparts hereof as so executed shall have been delivered to Agent; and 
  
 (b) each Guarantor of Payment has consented and agreed to and acknowledged
the terms of this Amendment. 
  
 5. Representations and
Warranties. Borrower hereby represents and warrants to Agent and the Lenders that (a) Borrower has the legal power and authority to execute and deliver this Amendment; (b) the officials executing this Amendment have been duly authorized to
execute and deliver the same and bind Borrower with respect to the provisions hereof; (c) the execution and delivery hereof by Borrower and the performance and observance by Borrower of the provisions hereof do not violate or conflict with the
organizational agreements of Borrower or any law applicable to Borrower or result in a breach of any provision of or constitute a default under any other agreement, instrument or document binding upon or enforceable against Borrower; (d) no Default
or Event of Default exists under the Credit Agreement, nor will any occur immediately after the execution and delivery of this Amendment or by the performance or observance of any provision hereof; (e) neither Borrower nor any Subsidiary has any
claim or offset against, or defense or counterclaim to, any of Borrower’s or any Subsidiary’s obligations or liabilities under the Credit Agreement or any Related Writing; and (f) this Amendment constitutes a valid and binding obligation
of Borrower in every respect, enforceable in accordance with its terms. 
  
 6. Credit Agreement Unaffected. Each reference that is made in the Credit Agreement or any other writing to the Credit Agreement shall hereafter be construed as a 

  

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reference to the Credit Agreement as amended hereby. Except as herein otherwise specifically provided, all provisions of the Credit Agreement shall remain in
full force and effect and be unaffected hereby. 
  
 7.
Waiver. Borrower and each Subsidiary, by signing below, hereby waives and releases Agent and each of the Lenders and their respective directors, officers, employees, attorneys, affiliates and subsidiaries from any and all claims, offsets,
defenses and counterclaims of which Borrower and any Subsidiary is aware, such waiver and release being with full knowledge and understanding of the circumstances and effect thereof and after having consulted legal counsel with respect thereto.

  
 8. Counterparts This Amendment may be executed in any
number of counterparts, by different parties hereto in separate counterparts and by facsimile signature, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the
same agreement. 
  
 9. Governing Law. The rights and
obligations of all parties hereto shall be governed by the laws of the State of Ohio, without regard to principles of conflicts of laws. 
  
 [Remainder of page intentionally left blank.] 
  

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 10. JURY TRIAL WAIVER. BORROWER, AGENT, THE LENDERS AND EACH GUARANTOR HEREBY WAIVE ANY RIGHT TO
HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWER, AGENT, THE LENDERS, EACH GUARANTOR, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP
ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 
  
 IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of
the date first above written. 
  

			
	STERIS CORPORATION
		
	By:	 	 /s/ William L. Aamoth

	Name:	 	William L. Aamoth
	Title:	 	Vice President – Corporate Treasurer
		
	and	 	  

	Name:	 	  

	Title:	 	  

	
	 KEYBANK NATIONAL ASSOCIATION,
 as Agent and
as a Lender

		
	By:	 	 /s/ J. T. Taylor

	Name:	 	J. T. Taylor
	Title:	 	Senior Vice President
	
	LASALLE BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Roy D. Hasbrook

	Name:	 	Roy D. Hasbrook
	Title:	 	Senior Vice President

  

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	BANK ONE, NA
		
	By:	 	 /s/ Dana E. Jurgens

	Name:	 	Dana E Jurgens
	Title:	 	Director
	
	HARRIS TRUST AND SAVINGS BANK
		
	By:	 	 /s/ Mark Piekos

	Name:	 	Mark Piekos
	Title:	 	Director
	
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Joseph G. Moran

	Name:	 	Joseph G. Moran
	Title:	 	Managing Director
	
	NATIONAL CITY BANK
		
	By:	 	 /s/ Christian S. Brown

	Name:	 	Christian S. Brown
	Title:	 	Vice President
	
	THE BANK OF NEW YORK
		
	By:	 	 /s/ William M. Barnum, Jr.

	Name:	 	William M. Barnum, Jr.
	Title:	 	Vice President
	
	US BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ David J. Dannemiller

	Name:	 	David J. Dannemiller
	Title:	 	Vice President

  

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 GUARANTOR ACKNOWLEDGMENT AND AGREEMENT 
  
 Each of the undersigned (collectively, the “Guarantors” and,
individually, each a “Guarantor”) consents and agrees to and acknowledges the terms of the foregoing Amendment No. 1 to the Amended and Restated Credit Agreement, dated as of March 22, 2005 (the “Amendment”). Each
Guarantor specifically acknowledges the terms of and consents to the waivers set forth in the Amendment. Each Guarantor further agrees that its obligations pursuant to the Guaranty of Payment that it executed in connection with the Amended and
Restated Credit Agreement shall remain in full force and effect and be unaffected hereby. 
  
 Each Guarantor, by signing below, hereby waives and releases Agent and each of the Lenders and their respective directors, officers, employees, attorneys, affiliates, and subsidiaries from any and all claims, offsets,
defenses, and counterclaims of which any of the Guarantors are aware, such waiver and release being with full knowledge and understanding of the circumstances and effect thereof and after having consulted legal counsel with respect thereto.

  
 EACH GUARANTOR HEREBY WAIVES ANY RIGHT TO HAVE A JURY
PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWER, AGENT, THE LENDERS, THE GUARANTORS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED
AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 
  
 IN WITNESS WHEREOF, this Guarantor Acknowledgment and Agreement has been duly executed and delivered as of the date of the
Amendment. 
  

			
	AMERICAN STERILIZER COMPANY
	HAUSTED, INC.
	HTD HOLDING CORP.
	ISOMEDIX INC.
	ISOMEDIX OPERATIONS INC.
	STERILTEK HOLDINGS, INC.
	STERILTEK, INC.
	STERIS EUROPE, INC.
	STERIS INC.
	STRATEGIC TECHNOLOGY ENTERPRISES, INC.
	STERIS ISOMEDIX SERVICES, INC.
		
	By:	 	 /s/ William L. Aamoth

	Name:	 	William L. Aamoth
	Title:	 	Vice President & Treasurer
	 	 	of, and on behalf of, each of the above Guarantors

  

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