Document:

Exhibit 10.2

 Exhibit 10.2 
  
 FIFTH AMENDMENT 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  
 This FIFTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is entered into as
of February 2, 2005, by and among RADIO ONE, INC., a Delaware corporation (the “Borrower”), BANK OF AMERICA, N.A., a national banking association, individually as a Lender and as Administrative Agent, and the other Lenders party
hereto. 
  
 RECITALS 
  
 A. On June 30, 1998, the Borrower entered into that certain Credit Agreement
with a syndicate of Lenders (the “1998 Credit Agreement”) providing for certain extensions of credit to the Borrower, on the terms and subject to the conditions set forth therein. The 1998 Credit Agreement was subsequently (i)
amended by that certain First Amendment to Credit Agreement dated as of December 23, 1998, (ii) amended by that certain Second Amendment to Credit Agreement dated as of February 9, 1999 and (iii) amended and restated in its entirety by that certain
Amended and Restated Credit Agreement dated as of February 26, 1999 (the “1999 Credit Agreement”). The 1999 Credit Agreement was subsequently (i) amended and restated in its entirety by that certain Second Amended and Restated
Credit Agreement dated as of July 17, 2000, (ii) amended by that certain First Amendment to Second Amended and Restated Credit Agreement dated as of March 18, 2002, (iii) amended by that certain Second Amendment to Second Amended and Restated Credit
Agreement dated as of July 15, 2003, (iv) amended by that certain Third Amendment to Second Amended and Restated Credit Agreement dated as of April 16, 2004, and (v) amended by that certain Fourth Amendment to Second Amended and Restated Credit
Agreement dated as of January 24, 2005 (the 1998 Credit Agreement, as so amended and amended and restated, the “Credit Agreement”). Terms used herein, unless otherwise defined herein, shall have the meanings set forth in the Credit
Agreement. 
  
 B. The Borrower has advised the Administrative
Agent that it wishes to effect a high yield issuance by the Borrower of subordinated indebtedness of up to $200 million issued on terms and conditions acceptable to the Administrative Agent, such terms and conditions to include, but not be limited
to: (a) such indebtedness shall be unsecured, (b) such indebtedness shall be fully subordinated to all Obligations and (c) such indebtedness shall be similar to the existing New Subordinated Debt issued by the Borrower (the “Proposed High
Yield Issuance”). 
  
 C. Section 8.2 of the Credit
Agreement contains a limitation on Indebtedness that does not permit the issuance of the Proposed High Yield Issuance by the Borrower. The Borrower has requested that the Majority Lenders amend the Credit Agreement to allow for the issuance of the
Proposed High Yield Issuance by the Borrower, subject to the satisfaction of certain terms and conditions set forth below. 
  
 D. The Borrower has also requested an amendment of the Leverage Ratio. 
  
 E. The Borrower and the Lenders have agreed, subject to the terms and conditions specified herein, to amend certain
provisions of the Credit Agreement. 
  

 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders and the Administrative Agent hereby agree as follows: 
  
 Section 1. AMENDMENTS. 
  
 Subject to the covenants, terms and conditions set forth in this Amendment, and in reliance upon the representations and warranties of the Borrower made
herein, the undersigned Lenders (which Lenders constitute the Majority Lenders required under Section 11.1 of the Credit Agreement to effect the following amendments) amend the Credit Agreement as follows: 
  
 (a) Section 1.1 of the Credit Agreement is amended by adding the
definitions of “Fifth Amendment” and “Fifth Amendment Effective Date” in alphabetical order as provided below: 
  
 “Fifth Amendment” means that certain Fifth Amendment to Second Amended and Restated Credit Agreement, dated as of
February 2, 2005, among the Borrower, the Lenders, and the Administrative Agent. 
  
 “Fifth Amendment Effective Date” means the date that all of the conditions precedent set forth in Section 3 of the Fifth
Amendment have been satisfied. 
  
 (b) Section 8.1(b) of
the Credit Agreement is amended and restated in its entirety to read as follows: 
  
 (b) Leverage Ratio. Permit the Leverage Ratio at any time during any period set forth below to be more than the ratio set forth
opposite such period: 
  
 Before a Qualifying Equity Issuance:

  

			
	 Period

	  	Ratio

	 As of the Fifth Amendment Effective Date through and including June 29, 2005
	  	6.25 to 1.00
		
	 June 30, 2005 and thereafter
	  	4.50 to 1.00

  

 After a Qualifying Equity Issuance, for the periods occurring after the Qualifying Equity Issuance:

  

			
	 Period

	  	Ratio

	 As of the Fifth Amendment Effective Date through and including June 29, 2005
	  	6.25 to 1.00
		
	 June 30, 2005 and thereafter
	  	4.50 to 1.00

  
 (c) Section 8.2
of the Credit Agreement is amended by (i) deleting “and” at the end of clause (i) thereof; (ii) deleting “.” at the end of clause (j) thereof and substituting “; and” in lieu thereof; and (iii) adding a new clause (k)
thereto to read as follows: 
  
 (k) so long as
there exists no Default or Event of Default both before and after giving effect to any such issuance, unsecured Subordinated Debt issued by the Borrower in an amount not to exceed $200,000,000 in the aggregate, issued on terms and conditions, and
pursuant to documentation acceptable to the Administrative Agent and similar to the existing New Subordinated Debt issued by the Borrower. 
  
 (d) Section 8.6(c) of the Credit Agreement is amended and restated in its entirety to read as follows: 
  
 (c) redemptions or exchanges (for cash or shares of the
Borrower’s common Equity Interests) of up to 310,000 shares of New Preferred Stock having a maximum aggregate liquidation value of $310,000,000, provided that no Default or Event of Default exists both before and after giving effect to each
such redemption. 
  
 Section 2. REPRESENTATIONS AND WARRANTIES.

  
 To induce the Administrative Agent and the Lenders to
enter into this Amendment, Borrower represents and warrants to the Administrative Agent and the Lenders, as of the date hereof: 
  
 (a) No Defaults. No Default or Event of Default exists under the Credit Agreement, the Notes, any of the Security Documents or any of the other
documents executed in connection therewith, and no such Default or Event of Default is imminent. 
  
 (b) Binding Effect. This Amendment, the Credit Agreement, as amended hereby, the Notes, the Security Documents and the other documents executed in
connection therewith constitute the legal, valid and binding obligations of the Borrower and its Subsidiaries parties thereto, enforceable against the Borrower and such parties in accordance with their respective terms, except as enforceability may
be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles of general applicability. 
  

 (c) Representations and Warranties. The representations and warranties set forth in Section
5 of the Credit Agreement are true and correct in all material respects on and as of the date hereof, both before and after giving effect to the effectiveness of this Amendment, as if such representations and warranties were being made on and as
of the date hereof. 
  
 Section 3. CONDITIONS PRECEDENT.

  
 The parties hereto agree that the amendment set forth
herein shall not be effective until the satisfaction in full of each of the following conditions precedent, each in a manner satisfactory to the Administrative Agent and the Lenders parties hereto in their sole discretion: 
  
 (a) Execution and Delivery of this Amendment. The Administrative Agent
shall have received a copy of this Amendment executed and delivered by the Borrower and by Lenders constituting the Majority Lenders. 
  
 (b) Representations and Warranties. Each of the representations and warranties made herein shall be true and correct on and as of the date hereof,
as if made on and as of such date, both before and after giving effect to the amendment set forth herein. 
  
 (c) Amendment Fee. The Administrative Agent shall have received an amendment fee on or prior to the Fifth Amendment Effective Date in an amount
equal to 5 basis points on the aggregate amount of the executing Lenders’ Commitments for the pro rata account of the Lenders which execute and deliver this Amendment to the Administrative Agent (or its counsel) not later than 5 p.m., Dallas
time, January 31, 2005; provided however that any upfront or participation fees paid to a Lender in connection with a refinancing of the Credit Agreement which occurs prior to June 29, 2005, shall be reduced by the amount of the
amendment fee, if any, paid to such Lender in connection with this Amendment. 
  
 (d) Other Documents, Certificates and Instruments. The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent and its counsel, such other documents,
certificates and instruments as the Administrative Agent shall require. 
  
 Section 4. MISCELLANEOUS. 
  
 (a) Ratification
and Confirmation. The terms, provisions, conditions and covenants of the Credit Agreement, the Notes, the Security Documents and the other documents executed in connection therewith remain in full force and effect and are hereby ratified and
confirmed, and the execution, delivery and performance of this Amendment shall not in any manner operate as a waiver of, consent to or amendment of any other term, provision, condition or covenant thereof. 
  
 (b) Fees and Expenses. The Borrower agrees to pay on demand all costs
and expenses of the Administrative Agent in connection with the preparation, reproduction, execution, and delivery of this Amendment and the other documents prepared in connection herewith, including, without limitation, the reasonable fees and
out-of-pocket expenses of counsel for the Administrative Agent. 
  

 (c) Headings. Section and subsection 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 or be given any substantive effect. 
  
 (d) APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES. 
  
 (e)
Liens. The Borrower agrees hereby that all Liens, security interests, assignments, superior titles, rights, remedies, powers, equities and priorities securing the Notes including but not limited to those under the Security Documents are
hereby ratified and confirmed as valid, subsisting and continuing to secure the Notes, and this Amendment shall not affect the priority of such Liens. 
  
 (f) 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 deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single
counterpart so that all signature pages are physically attached to the same document. For purposes of this Amendment, a counterpart hereof (or signature page thereto) signed and transmitted by any Person party hereto to the Administrative Agent (or
its counsel) by facsimile machine, telecopier or electronic mail is to be treated as an original. The signature of such Person thereon, for purposes hereof, is to be considered as an original signature, and the counterpart (or signature page
thereto) so transmitted is to be considered to have the same binding effect as an original signature on an original document. 
  
 (g) FINAL AGREEMENT. THIS AMENDMENT, TOGETHER WITH THE CREDIT AGREEMENT, THE NOTES, THE SECURITY DOCUMENTS AND THE OTHER DOCUMENTS EXECUTED IN
CONNECTION THEREWITH, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

  
 [Remainder of Page Intentionally Left Blank; Signature
Page Follows] 
  

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective
officers thereunto duly authorized as of the date first above written. 
  

			
	RADIO ONE, INC.
		
	By:	 	 /s/ Scott R. Royster

	Name:	 	 Scott R. Royster

	Title:	 	 Executive Vice President & CFO

  

			
	 BANK OF AMERICA, N.A.,
 as the Administrative
Agent and as a Lender

		
	By:	 	 /s/ Todd Shipley

	Name:	 	Todd Shipley
	Title:	 	Senior Vice President

  

			
	CREDIT SUISSE FIRST BOSTON
		
	By:	 	 /s/ Thomas S. Hall

	Name:	 	Thomas S. Hall
	Title:	 	Vice President

  

			
		
	By:	 	 /s/ Doreen Barr

	Name:	 	Doreen Barr
	Title:	 	Associate

  

			
	WACHOVIA BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Bruce W. Loftin

	Name:	 	Bruce W. Loftin
	Title:	 	Managing Director

  

			
	TORONTO DOMINION (TEXAS), INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	 DEUTSCHE BANK TRUST CO. AMERICAS

		
	By:	 	 /s/ Gregory Shefrin

	 Name:
	 	 Gregory Shefrin

	 Title:
	 	 Director

  

			
	 ROYAL BANK OF CANADA

		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	 THE BANK OF NOVA SCOTIA

		
	By:	 	 /s/ Paul A. Weissenberger

	 Name:
	 	 Paul A. Weissenberger

	 Title:
	 	 Authorised Signatory

  

			
	 ING (U.S.) CAPITAL LLC

		
	By:	 	 /s/ Bill James

	 Name:
	 	 Bill James

	 Title:
	 	 Managing Director, Media & Telecom

  

			
	 COOPERATIEVE CENTRALE
 RAIFFEISEN-BOERENLEENBANK B.A.,
 “RABOBANK NEDERLAND”,
 NEW YORK BRANCH

		
	By:	 	 /s/ Eric Hurshman

	 Name:
	 	 Eric Hurshman

	 Title:
	 	 Executive Director

  

			
		
	By:	 	 /s/ Brett Delfino

	 Name:
	 	 Brett Delfino

	 Title:
	 	 Executive Director

  

			
	 SUNTRUST BANK

		
	By:	 	 /s/ Brian Combs

	 Name:
	 	 Brian Combs

	 Title:
	 	 Vice President

  

			
	 THE BANK OF NEW YORK

		
	By:	 	 /s/ Michael E. Masters

	 Name:
	 	 Michael E. Masters

	 Title:
	 	 Vice President

  

			
	 BIG SKY SENIOR LOAN FUND LTD.

		
	By:	 	 /s/ Michael B. Botthof

	 Name:
	 	 Michael B. Botthof

	 Title:
	 	 Vice President

  

			
	 NATEXIS BANQUE POPULAIRES

		
	By:	 	 /s/ Evan S. Kraus

	 Name:
	 	 Evan S. Kraus

	 Title:
	 	 Vice President

  

			
		
	By:	 	 /s/ Michael T. Pellerito

	 Name:
	 	 Michael T. Pellerito

	 Title:
	 	 Vice President

  

			
	 WEBSTER BANK, NATIONAL ASSOCIATION

		
	By:	 	 /s/ Robert E. Meditz

	 Name:
	 	 Robert E. Meditz

	 Title:
	 	 Vice President

  

			
	 BANK OF SCOTLAND

		
	By:	 	 /s/ Karen Weich

	 Name:
	 	 Karen Weich

	 Title:
	 	 Assistant Vice President

  

			
	 GENERAL ELECTRIC CAPITAL CORPORATION

		
	By:	 	 /s/ Joseph Badini

	 Name:
	 	 Joseph Badini

	 Title:
	 	 Duly Authorized Signatory

  

			
	 EATON VANCE INSTITUTIONAL SENIOR
 LOAN FUND

		
	By:	 	 Eaton Vance Management,
 as Investment Advisor

		
	By:	 	 /s/ Michael B. Botthof

	 Name:
	 	 Michael B. Botthof

	 Title:
	 	 Vice President

  

			
	 EATON VANCE VT FLOATING RATE FUND

		
	By:	 	 Eaton Vance Management,
 as Investment Advisor

		
	By:	 	 /s/ Michael B. Botthof

	 Name:
	 	 Michael B. Botthof

	 Title:
	 	 Vice President

  

			
	 GRAYSON & CO

		
	By:	 	 Boston Management and Research,
 as Investment Advisor

		
	By:	 	 /s/ Michael B. Botthof

	 Name:
	 	 Michael B. Botthof

	 Title:
	 	 Vice President

  

			
	 FIDELITY ADVISOR SERIES II

		
	By:	 	 /s/ John H. Costello

	 Name:
	 	 John H. Costello

	 Title:
	 	 Assistant Treasurer

  

			
	 NATIONAL CITY BANK

		
	By:	 	 /s/ Elizabeth A. Brosky

	 Name:
	 	 Elizabeth A. Brosky

	 Title:
	 	 Vice President

  

			
	 SENIOR DEBT PORTFOLIO

		
	By:	 	 Boston Management and Research,
 as Investment Advisor

		
	By:	 	 /s/ Michael B. Botthof

	 Name:
	 	 Michael B. Botthof

	 Title:
	 	 Vice President

  

			
	 SUMITOMO MITSUI BANKING CORPORATION

		
	By:	 	 /s/ Robert H. Riley, III

	 Name:
	 	 Robert H. Riley, III

	 Title:
	 	 Senior Vice President

  

			
	 U.S. BANK NATIONAL ASSOCIATION

		
	By:	 	 /s/ Keith Kubota

	 Name:
	 	 Keith Kubota

	 Title:
	 	 Vice PresidentSecured Promissory Note

 Exhibit 10.1 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS
OF ANY STATE, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN
OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE APPLICABLE SECURITIES LAWS OF ANY STATE. 
  
 SECURED PROMISSORY NOTE 
  

			
	$400,000.00	 	January 28, 2005

 Clearwater, Florida 
  
 For value received, Digital Lightwave, Inc., a Delaware corporation (the “Company”), promises to pay to
Optel Capital, LLC, a Delaware limited liability company (the “Holder”), or its registered assigns, the principal sum of Four Hundred Thousand Dollars ($400,000.00). Interest shall accrue from the date of this Note on the unpaid
principal amount at a rate equal to 10.0% per annum, compounded annually. The interest rate shall be computed on the basis of the actual number of days elapsed and a year of 360 days. This Note is subject to the following terms and conditions.

  
 1. Maturity. 
  
 (a) Principal and any accrued but unpaid interest under this Note shall be
due and payable upon demand by the Holder at any time after March 30, 2005. 
  
 (b) Notwithstanding the foregoing, the entire unpaid principal sum of this Note, together with accrued and unpaid interest thereon, shall become immediately due and payable upon demand by the Holder at any time on or
following the occurrence of any of the following events: 
  
 (i)
the sale of all or substantially all of the Company’s assets, or any merger or consolidation of the Company with or into another corporation; other than a merger or consolidation in which the holders of more than 50% of the shares of capital
stock of the Company outstanding immediately prior to such transaction continue to hold (either by the voting securities remaining outstanding or by their being converted into voting securities of the surviving entity) more than 50% of the total
voting power represented by the voting securities of the Company, or such surviving entity, outstanding immediately after such transaction; 
  
 (ii) the inability of the Company to pay its debts as they become due; 

 (iii) the dissolution, termination of existence, or appointment of a receiver, trustee or custodian, for
all or any material part of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding by the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation law or statute of any
jurisdiction, now or in the future in effect; 
  
 (iv) the
execution by the Company of a general assignment for the benefit of creditors; 
  
 (v) the commencement of any proceeding against the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation law or statute of any jurisdiction, now or in the future in effect, which is not
cured by the dismissal thereof within ninety (90) days after the date commenced; or 
  
 (vi) the appointment of a receiver or trustee to take possession of the property or assets of the Company. 
  
 2. Payment; Prepayment. All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may
from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty. 

 
 3. Transfer; Successors and Assigns. The terms and
conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. This Note may be transferred only upon surrender of the original Note for registration of transfer, duly endorsed,
or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, a new note for the same principal amount and accrued interest will be issued to, and registered in the name of, the transferee. Interest
and principal are payable only to the registered holder of this Note. 
  
 4. Governing Law. This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Florida,
without giving effect to principles of conflicts of law. 
  
 5.
Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight delivery service or confirmed facsimile, or 48 hours after
being deposited in the U.S. mail as certified or registered mail with postage prepaid, if such notice is addressed to the party to be notified at such party’s address or facsimile number as set forth below or as subsequently modified by written
notice. 
  
 6. Amendments and Waivers. Any term of
this Note may be amended only with the written consent of the Company and the Holder. Any amendment or waiver effected in accordance with this Section 6 shall be binding upon the Company, each Holder and each transferee of this Note.

  

 -2- 

 7. Officers and Directors Not Liable. In no event shall any officer or director of the
Company be liable for any amounts due or payable pursuant to this Note. 
  
 8. Security Interest. This Note is secured by all of the assets of the Company in accordance with the Twenty Second Amended and Restated Security Agreement by and between the Company and the Holder dated as of September 16,
2004 (the “Security Agreement”). In case of an Event of Default (as defined in the Security Agreement), the Holder shall have the rights set forth in the Security Agreement. 
  
 9. Counterparts. This Note may be executed in any number of
counterparts, each of which will be deemed to be an original and all of which together will constitute a single agreement. 
  
 10. Action to Collect on Note. If action is instituted to collect on this Note, the Company promises to pay all costs and expenses,
including reasonable attorney’s fees, incurred in connection with such action. 
  
 11. Loss of Note. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Note or any Note exchanged for it, and indemnity satisfactory to the
Company (in case of loss, theft or destruction) or surrender and cancellation of such Note (in the case of mutilation), the Company will make and deliver in lieu of such Note a new Note of like tenor. 
  
 [Remainder of this page intentionally left blank.] 
  

 -3- 

 This Note was entered into as of the date set forth above. 
  

			
	COMPANY:
	
	DIGITAL LIGHTWAVE, INC.
		
	By:	 	 /s/ James Green

	Name:	 	James Green
	Title:	 	President and Chief Executive Officer

  

			
	AGREED TO AND ACCEPTED:
	
	OPTEL CAPITAL, LLC
		
	 By:
	 	 /s/ Paul Ragaini

	 Name:
	 	Paul Ragaini
	 Title:
	 	Chief Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}]]