Document:

Seventh Amendment to Amended and Restated Credit Agreement

  Exhibit 10.1
 
 EXECUTION COPY  
                      SEVENTH AMENDMENT, dated as of June 26, 2003 (this “Seventh Amendment”) to the Amended
and Restated Credit Agreement, dated as of July 23, 1998 and as amended and restated as of August 28, 1998, and as amended by the First Amendment, dated as of March 10, 1999, the Second Amendment, dated as of March 22, 2000, the Third Amendment,
dated as of October 10, 2000, the Fourth Amendment, dated as of February 13, 2001, the Fifth Amendment, dated as of December 31, 2001 and the Sixth Amendment, dated as of June 28, 2002 (as amended, supplemented or otherwise modified prior to the
Petition Date, the “Credit Agreement”) among  (i) DDi Capital Corp., formerly known as Details Capital Corp. (the “Company”); (ii) Dynamic Details, Incorporated, formerly known as Details, Inc.
(“Details”); (iii) Dynamic Details Incorporated, Silicon Valley, formerly known as Dynamic Circuits, Inc. (“DDISV”, and collectively with Details, the “Borrowers”); (iv) the several banks and other
financial institutions from time to time parties thereto, (individually, a “Lender,” and collectively, the “Lenders”); (v) Bankers Trust Company, as documentation and co-syndication agent; and (vi) JPMorgan Chase
Bank, as collateral, co-syndication and administrative agent (in such capacity, the “Administrative Agent”), and all collateral and ancillary documentation executed by any Lender or any Affiliate of Any Lender in connection
therewith, including, without limitation, the hedge agreement (the “Hedge Agreement”) entered into by Details with JPMorgan Chase Bank (collectively, the “Loan Documents”).  Terms defined in the Credit
Agreement shall be used in this Seventh Amendment with their defined meanings unless otherwise defined herein. 
  W I T N E S S E T H :
                      WHEREAS, pursuant to the Loan Documents the Lenders have agreed to make, and have made, certain Loans to
the Borrowers; 
                     WHEREAS, the Company and the Borrowers have requested that
the Lenders amend, and the Lenders have agreed to amend, certain of the provisions of the Credit Agreement, but only upon the terms and subject to the conditions set forth below; 
                      NOW, THEREFORE, the parties hereto hereby agree as follows: 
                      1.   Amendment to Section 1.1.  Section 1.1 of the Credit Agreement is hereby
amended by adding the following new definitions in the proper alphabetical order:  

	   
 	  “Extended Amortization Date” shall mean the date that is the earliest to occur of (x) July 11, 2003, which date shall automatically be extended to August 1,
2003 if the termination date of each of the confidentiality agreements executed by (1) Argent Financial Group, (2) Cohanzick Management, LLC, (3) Providence Capital LLC, (4) Stutman, Treister, & Glatt Professional Corporation, (5) Symphony Asset
Management, (6) Tablerock Fund Management, LLC, and (7) U.S. Bank, N.A. is extended beyond July 31, 2003 in a manner reasonably satisfactory to the Administrative Agent; or (y) the occurrence of an Event of Default under Section 8(f) (other than
8(f)(iv) or (v)) of the Credit Agreement.
 
	   
 	   
 
	  
 	  “Seventh Amendment”:  the Seventh Amendment, dated as of June 26, 2003, to this Agreement.
 
	   
 	   
 
	   
 	  “Seventh Amendment Effective Date”:  the Seventh Amendment Effective Date under the Seventh Amendment to this Agreement (which date is as of June 26, 2003).

                      2.   Amendment to Section 2.3.  Each of
subsections 2.3(a) and (b) of the Credit Agreement is hereby amended by deleting “June 30, 2003” where it appears therein, respectively, and substituting in lieu thereof “Extended Amortization Date”.  

   2
                      3.   Amount of Obligations.  Each of the Borrowers and the Company jointly and
severally acknowledges and agrees that, on and as of the Seventh Amendment Effective Date, the Obligations include, without limitation, the aggregate amount of $ 72,892,916.17 in respect of face amount of undrawn Letters of Credit and
outstanding unpaid principal Obligations under the Loan Documents. 
                      4.   Acknowledgment of Events of Default.  Each of the Borrowers and the
Company jointly and severally hereby acknowledges that (a) the Existing Events of Default set forth on Schedule 1 hereto (the “Existing Events of Default”) have occurred and continue to exist as of the Seventh Amendment Effective
Date, and each of the Borrowers and the Company represent and warrant to the Administrative Agent and the Lenders that no other Event of Default has occurred and continues to exist as of the Seventh Amendment Effective Date, and (b) the occurrence
and continuance of the Existing Events of Default entitle the Administrative Agent and the Lenders to at any time exercise all of their rights and remedies and to commence enforcement and collection actions under the Credit Agreement and the other
Loan Documents and applicable law. 
                     5.   The
Collateral.  Each Grantor jointly and severally ratifies and reaffirms the validity and enforceability (without defense, counterclaim or offset of any kind) of the liens and security interests granted to secure all of the Obligations (as
defined in the Guarantee and Collateral Agreement) of such Grantor to the Administrative Agent, for the benefit of the Lenders, pursuant to the Guarantee and Collateral Agreement.  Each Grantor jointly and severally acknowledges and agrees that
all such liens and security interests granted by such Grantor shall continue to secure the Obligations (as defined in the Guarantee and Collateral Agreement) from and after the Seventh Amendment Effective Date.  Each Grantor jointly and
severally hereby represents and warrants to the Administrative Agent and the Lenders that pursuant to the Guarantee and Collateral Agreement, the Obligations (as defined in the Guarantee and Collateral Agreement) are secured by liens on and security
interest in all of such Grantor’s assets. 
                      6.   Validity of Obligations.  Each of the Borrowers and the Company jointly
and severally acknowledges and agrees that (i) each of the Borrowers is truly and justly indebted to the Lenders and the Administrative Agent for the Obligations, without defense, counterclaim or offset of any kind, and each Borrower ratifies and
reaffirms the validity, enforceability and binding nature of such Obligations, (ii) neither Borrower has any claim, right or cause of action of any kind against any Lender, the Administrative Agent or any of such Lender’s or the Administrative
Agent’s present or former subsidiaries, Affiliates, officers, directors, employees, attorneys or other representatives or agents (collectively with their respective successors and assigns, the “Lender Parties”) in connection
with the Obligations, the Credit Agreement and the other Loan Documents and this Seventh Amendment, or the transactions contemplated hereby and thereby and (iii) each Lender and the Administrative Agent has heretofore properly performed and
satisfied in a timely manner all of its obligations under the Loan Documents.  
                     7.   Reservation of Rights.  Each of the Company and the Borrowers acknowledges
and agrees that, (i) the Lenders shall preserve all rights and remedies set forth in the Loan Documents and under applicable law, (ii) the current non-exercise of rights and remedies by the Administrative Agent and the Lenders in respect of the
Existing Events of Default shall not be construed as a waiver of any such Events of Default, (iii) any acceptance by the Lenders of a payment of principal or interest in an amount less than the full amount of principal or interest due and payable
under the Credit Agreement shall not constitute a waiver of any rights and remedies by the Administrative Agent and the Lenders in respect thereof, (iv) the Administrative Agent and the Lenders have the right, and have reserved their right, to
invoke fully any or all of such rights and remedies under the Credit Agreement, the other Loan Documents and applicable law in respect of the Existing Events of Default and any other Events of Default that may now exist or hereafter occur, (v) and
nothing contained herein shall in any way limit said 

   3
  rights or diminish any of the obligations of the Company and the Borrowers or any of their Subsidiaries
contained in the Loan Documents. 
                      8.   Payment of Fees and
Expenses.  The Borrowers agree to pay or reimburse the Administrative Agent for its out-of-pocket costs and expenses incurred in connection with this Seventh Amendment, any documents prepared in connection herewith and the transactions
contemplated hereby and any outstanding amounts relating thereto to the Administrative Agent’s professional advisors including, without limitation, the reasonable fees, charges and disbursements of Simpson Thacher & Bartlett LLP, counsel to
the Administrative Agent, and the reasonable fees, charges and disbursements of FTI/Policano & Manzo, L.L.C., subject to the Administrative Agent’s approval of such fees.   
                     9.   No Change.   Except as expressly provided herein, no term or
provision of the Credit Agreement shall be amended, waived, modified or supplemented, and each term and provision of the Credit Agreement shall remain in full force and effect. 
                      10. Effectiveness.  This Seventh Amendment shall become effective upon the satisfaction
of the following conditions precedent and will be deemed to be effective as of June 26, 2003 (the “Seventh Amendment Effective Date”): 
                      (a)  counterparts hereof duly executed by Company, the Borrowers and each of the Lenders; the
execution and delivery of this Seventh Amendment by any Lender shall be binding upon each of its successors and assigns (including assignees of its Commitments and Loans in whole or in part prior to effectiveness hereof) and binding in respect of
all of its Commitments and Loans, including any acquired subsequent to its execution and delivery hereof and prior to the effectiveness hereof;  
                      (b)  a copy of resolutions of each Borrower, certified by the Secretary of such Borrower,
authorizing the execution, delivery and performance of this Seventh Amendment, which shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended,
modified, revoked or rescinded;  
                      (c)  a certificate of each
of the Borrowers, dated as of the date hereof, as to the incumbency and signature of the officers of such Borrower executing this Seventh Amendment, which shall be in form and substance reasonably satisfactory to the Administrative Agent; and

                     (d)  such other documents, instruments and agreements with respect
to the matters contemplated by this Seventh Amendment as the Administrative Agent reasonably shall request, and all such documents, instruments and agreements shall be in form and substance reasonably satisfactory to the Administrative Agent. 

                      11. Counterparts.  This Seventh Amendment may be executed
by the parties hereto in any number of separate counterparts by facsimile with originals to follow, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
                      12. GOVERNING LAW.  THIS SEVENTH AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

                       IN WITNESS WHEREOF, the parties have caused this
Seventh Amendment to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written. 

	   
 	  DDi CAPITAL CORP.
 	   
 
	  
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /S/ JOHN STUMPF
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Title:
 	  Chief Financial Officer (CFO)
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  DYNAMIC DETAILS, INCORPORATED
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JOHN STUMPF
 	   
 
	   
 	   
 	 
 	   
 
	  
 	  Title:
 	  CFO
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  DYNAMIC DETAILS, INCORPORATED, SILICON VALLEY

	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JOHN STUMPF
 	   
 
	  
 	   
 	 
 	   
 
	   
 	  Title:
 	  CFO
 	   
 

 

                       Each of the undersigned hereby consents to the
foregoing Seventh Amendment and hereby confirms, reaffirms and restates that its obligations under or in respect of the Credit Agreement and the documents related thereto to which it is a party are and shall remain in full force and effect after
giving effect to the foregoing Seventh Amendment. 

	   
 	  DYNAMIC DETAILS, INCORPORATED, VIRGINIA
 	   
 
	  
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JOHN STUMPF
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Title:
 	  CFO
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  DYNAMIC DETAILS TEXAS, L.P.
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  DYNAMIC DETAILS TEXAS HOLDINGS CORP.
 	   
 
	  
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JOHN STUMPF
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Title:
 	  CFO
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  DDi-TEXAS INTERMEDIATE HOLDINGS, L.L.C.
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JOHN STUMPF
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Title:
 	  CFO
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  DYNAMIC DETAILS TEXAS HOLDINGS CORP.
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JOHN STUMPF
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Title:
 	  CFO
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  By:
 	  DYNAMIC DETAILS INCORPORATED, COLORADO  SPRINGS
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JOHN STUMPF
 	   
 
	  
 	   
 	 
 	   
 
	   
 	  Title:
 	  CFO
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  DYNAMIC DETAILS INCORPORATED, TEXAS
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JOHN STUMPF
 	   
 
	  
 	   
 	 
 	   
 
	   
 	  Title:
 	  CFO
 	   
 

	   
 	  JPMORGAN CHASE BANK, as Administrative Agent, Collateral Agent, Co-Syndication Agent and as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JONATHAN KATZ
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Jonathan Katz
 	   
 
	   
 	  Title:
 	  Vice President
 	   
 
	 	 	 	 
	   
 	   
 	  
 	   
 
	  
 	  BANK AUSTRIA CREDITANSTALT CORP FINANCE, as
lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ PETER BRACH
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Peter Brach
 	   
 
	   
 	  Title:
 	  Director
 	   
 
	  
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ SCOTT OBECK
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Scott Obeck
 	   
 
	   
 	  Title:
 	  Associate Director
 	   
 
	  
 	   
 	  
 	   
 
	   
 	   
 	  
 	   
 
	   
 	  BANK BOSTON, as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ THOMAS SCHMIDT
 	   
 
	   
 	   
 	 
 	   
 
	  
 	  Name:
 	  Thomas Schmidt
 	   
 
	   
 	  Title:
 	  Vice President
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  THE BANK OF NOVA SCOTIA, as a Lender
 	   
 
	   
 	   
 	   
 
	  
 	  By:
 	  /s/ MARK SPARROW
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Mark Sparrow
 	   
 
	   
 	  Title:
 	  Director
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  CITIZENS BANK OF MA,  as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ STEVEN C. PETRARCA
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Steven C. Petrarca
 	   
 
	   
 	  Title:
 	  Vice President
 	   
 

	 	 	 
	 	 	 
	   
 	  CRESCENT/MACH I PARTNERS, L.P.
 	   
 
	   
 	   
 	   
 
	   
 	   
 	   
 
	   
 	  By:
 	  TCW ASSET MANAGEMENT COMPANY
 Its Investment Manager
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ RICHARD F. KURTH
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Richard F. Kurth
 	   
 
	   
 	  Title:
 	  Senior Vice President
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  /s/ JONATHAN R. INSULL
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Jonathan R. Insull
 	   
 
	   
 	  Title:
 	  MANAGING DIRECTOR
 	   
 

	 	 	 	 
	  
 	   
 	  CYPRESSTREE INVESTMENT PARTNERS I, LTD, as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  CYPRESSTREE INVESTMENT MANAGEMENT COMPANY, INC.,
 as Portfolio Manager.
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  /s/ PRESTON I. CARNES, JR.
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Preston I. Carnes, Jr.
 	   
 
	   
 	  Title:
 	  Managing Director
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	  CYPRESSTREE INVESTMENT PARTNERS II, LTD., as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  CYPRESSTREE INVESTMENT MANAGEMENT COMPANY, INC.,
 as Portfolio Manager
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  /s/ PRESTON I. CARNES, JR.
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Preston I. Carnes, Jr.
 	   
 
	   
 	  Title:
 	  Managing Director
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	  DEBT STRATEGIES FUND, INC, as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ PHILIP J. BRENDEL
 	   
 
	   
 	   
 	 
 	   
 
	   
 	   
 	  Philip J. Brendel
 	   
 
	  
 	   
 	  Authorized Signatory
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	  DEUTSCHE BANK TRUST COMPANY AMERICAS as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ ALEXANDER BICI
 	   
 
	  
 	   
 	 
 	   
 
	   
 	  Name:
 	  Alexander Bici
 	   
 
	   
 	  Title:
 	  Vice President
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  DRESDNER BANK AG, NEW YORK 
 AND GRAND
CAYMAN BRANCHES
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JAMES M. GALLAGHER
 	   
 
	   
 	   
 	 
 	   
 
	   
 	   
 	  James M. Gallagher
 	   
 
	   
 	   
 	  Director
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ LISA OVERTON
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Lisa Overton
 	   
 
	   
 	  Title:
 	  Associate
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  FLEET NATIONAL BANK, as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ THOMAS SCHMIDT
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Thomas Schmidt
 	   
 
	  
 	  Title:
 	  Vice President
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  GRAYSTON CLO 2001-01 LTD.
 	   
 
	   
 	  By:
 	  BEAR STEARNS ASSET MANAGEMENT INC.
 as its Collateral Manager
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ [ILLEGIBLE]
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  [ILLEGIBLE]
 	   
 
	  
 	  Title:
 	  Associate Director
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  GSC PARTNERS GEMINI FUND LIMITED,
 as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  GSCP(NJ), LP, as Collateral Monitor
 	   
 
	  
 	  By:
 	  GSCP(NJ), INC., its General Partner
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ THOMAS J. LIBASSI
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Thomas J. Libassi
 	   
 
	   
 	  Title:
 	  Managing Director
 	   
 
	  
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  HARBOUR TOWN FUNDING TRUST, as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ ANN E. MORRIS
 	   
 
	   
 	   
 	 
 	   
 
	  
 	  Name:
 	  Ann E. Morris
 	   
 
	   
 	  Title:
 	  Authorized Agent
 	   
 
	 	 	 	 
	   
 	   
 	   
 	   
 

	   
 	  IBM CREDIT LLC (formerly known as IBM Credit Corporation), as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  /s/ STEVEN A. FLANAGAN
 	   
 
	   
 	   
 	 
 	   
 
	   
 	   
 	  Steven A. Flanagan
 	   
 
	   
 	   
 	  Manager, Global Special Handling Group
 	   
 
	   
 	   
 	  
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  INDOSUEZ CAPITAL FUNDING IIA, LIMITED
 	   
 
	   
 	  By:
 	  Indosuez Capital as Portfolio Advisor
 	   
 
	   
 	   
 	  
 	   
 
	   
 	  By:
 	  /s/ CHARLES KOBAYASHI
 	   
 
	   
 	   
 	 
 	   
 
	  
 	  Name:
 	  Charles Kobayashi
 	   
 
	   
 	  Title:
 	  Principal and Portfolio Manager
 	   
 
	 	 	 	 
	   
 	   
 	   
 	   
 

	   
 	  KZH CRESCENT-2 LLC
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  /s/ DORIAN HERRERA
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Dorian Herrera
 	   
 
	   
 	  Title:
 	  Authorized Agent
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  KZH CRESCENT-3 LLC
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ DORIAN HERRERA
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Dorian Herrera
 	   
 
	   
 	  Title:
 	  Authorized Agent
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  KZH CYPRESSTREE-1 LLC
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ DORIAN HERRERA
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Dorian Herrera
 	   
 
	  
 	  Title:
 	  Authorized Agent
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  MASSMUTUAL HIGH YIELD PARTNERS II, LLC, as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  HYP MANAGEMENT, INC. 
 As Managing Member
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ RICHARD C. MORRISON
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  
 	   
 
	   
 	  Title:
 	  VICE PRESIDENT
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  MASSACHUSETTS MUTUAL LIFE INSURANCE CO., as a
Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ STEVEN J. KATZ
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Steven J. Katz
 	   
 
	  
 	  Title:
 	  Second Vice President and
 Associate General Counsel
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  MASTER SENIOR FLOATING RATE TRUST
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ PHILIP J. BRENDEL
 	  as a Lender
 
	  
 	   
 	 
 	   
 
	   
 	   
 	  Philip J. Brendel
 	   
 
	   
 	   
 	  Authorized Signatory
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  MERRILL LYNCH PRIME RATE PORTFOLIO, as a Lender

	   
 
	   
 	  By:
 	  Merrill Lynch Investment Managers, LP
 as Investment Advisor
 	   
 
	  
 	   
 	  
 	   
 
	   
 	  By:
 	  /s/ PHILIP  J. BRENDEL
 	   
 
	   
 	   
 	 
 	   
 
	   
 	   
 	  Philip J. Brendel
 	   
 
	   
 	   
 	  Authorized Signatory
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  MORGAN STANLEY PRIME INCOME TRUST, as a Lender

	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ SHEILA A. FINNERTY
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Sheila A. Finnerty
 	   
 
	  
 	  Title:
 	  Executive Director
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  PILGRIM AMERICA HIGH INCOME INVESTMENTS
LTD.
 	   
 
	   
 	  BY:
 	  ING INVESTMENTS, LLC 
 as  its investment manager
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ MARK F. HAAK, CFA
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Mark F. Haak, CFA
 	   
 
	   
 	  Title:
 	  Vice President
 	   
 
	   
 	   
 	   
 	   
 
	  
 	   
 	   
 	   
 
	   
 	  PILGRIM CLO 1999-1 LTD.
 	   
 
	   
 	  By:
 	  ING INVESTMENTS, LLC 
 as its Investment manager
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ MARK F. HAAK, CFA
 	   
 
	   
 	   
 	 
 	   
 
	  
 	  Name:
 	  Mark F. Haak, CFA
 	   
 
	   
 	  Title:
 	  Vice President
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  SANKATY ADVISORS, LLC, as Collateral Manager for Brant Point II CBO
 2000-1 LTD., as Term Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ DIANE J. EXTER
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Diane J. Exter
 	   
 
	   
 	  Title:
 	  Managing Director
 Portfolio Manager
 	   
 
	  
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	  SANKATY ADVISORS, LLC as Collateral Manager for Castle Hill I - INGOTS, Ltd., 
 as Term Lender
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	   
 	   
 
	  
 	  Name :
 	  /s/ DIANE J. EXTER
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Diane J. Exter
 	   
 
	   
 	  Title:
 	  Managing Director
 Portfolio Manager
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	  SANKATY ADVISORS, LLC as Collateral Manager for Race Point CLO, Limited, 
 as Term Lender
 	   
 
	  
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ DIANE J. EXTER
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Diane J. Exter
 	   
 
	  
 	  Title:
 	  Managing Director
 Portfolio Manager
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  SANKATY HIGH Y IELD PARTNERS II, LP
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  /s/ DIANE J. EXTER
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Diane J. Exter
 	   
 
	   
 	  Title:
 	  Managing Director
 Portfolio Manager
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  SMOKY RIVER CDO, LP,
 	   
 
	   
 	   
 	   
 
	   
 	  By
 	  RBC LEVERAGED CAPITAL as Portfolio Advisor
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ MELISSA MARANO
 	   
 
	   
 	   
 	 
 	   
 
	  
 	  Name:
 	  Melissa Marano
 	   
 
	   
 	  Title:
 	  Partner
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	  SOMERS CDO, LTD, as a Lender
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  MASS MUTUAL LIFE INSURANCE CO. 
 AS, COLLATERAL MANAGER
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ STEVEN J. KATZ
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Steven J. Katz
 	   
 
	  
 	  Title:
 	  Second Vice President and
 Associate General Counsel
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  SUNAMERICA SENIOR FLOATING RATE FUND
INC.
 	   
 
	   
 	   
 	   
 
	   
 	  By:
 	  STANFIELD CAPITAL PARTNERS LLC as subadvisor
 	   
 
	  
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ CHRISTOPHER A. BONDY
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	  Christopher A. Bondy
 	   
 
	   
 	  Title:
 	  Partner
 	   
 

	 	 	 
	 	 	 
	   
 	  TCW SELECT LOAN FUND,
LIMITED
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  TCW Advisors, Inc. as its Collateral Manager
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ RICHARD F. KURTH
 	   
 
	  
 	   
 	 
 	   
 
	   
 	  Name:
 	  Richard F. Kurth`
 	   
 
	   
 	  Title:
 	  Senior Vice President
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ JONATHAN R. INSULL
 	   
 
	   
 	   
 	 
 	   
 
	  
 	  Name:
 	  Jonathan R. Insull
 	   
 
	   
 	  Title:
 	  Managing Director
 	   
 

	 	 	 
	 	 	 
	   
 	  VAN KAMPEN SENIOR LOAN FUND
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  By:
 	  VAN KAMPEN INVESTMENT ADVISORY CORP.
 	   
 
	   
 	   
 	   
 	   
 
	   
 	   
 	   
 	   
 
	   
 	  By:
 	  /s/ CHRISTINA JAMIESON
 	   
 
	  
 	   
 	 
 	   
 
	   
 	  Name:
 	  Christina Jamieson
 	   
 
	   
 	  Title:
 	  Vice President
 	   
 

   

   SCHEDULE I
  Existing Events of Default
  The following Events of Default have occurred as of the Seventh Amendment Effective Date: 

	  1.
 	  Failure to meet minimum Consolidated EBITDA for the fiscal quarter ending December 31, 2002 (See Section 7.1(d) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  2.
 	  Failure to maintain minimum Liquidity Amount from and after December 31, 2002 (See Section 7.1(a) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  3.
 	  Failure to maintain minimum Liquidity Amount (See Section 7.1(a) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	 4.
 	  Failure to meet the Consolidated Senior Leverage Ratio covenant (See Section 7.1(b) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  5.
 	  Failure to meet minimum Consolidated EBITDA (See Section 7.1(d) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  6.
 	  Failure to meet minimum Consolidated Revenue (See Section 7.1(e) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  7.
 	  Audited consolidated financial statements for the fiscal year ended December 31, 2002 issued by PricewaterhouseCoopers LLP or other independent certified public accountants of nationally
recognized standing with a “going concern” or like qualification or exception (See Section 6.1(a) and Section 8(d) of the Credit Agreement)
 
	   
 	   
 
	  8.
 	  Failure to make interest payments on the 5 1⁄4 Notes, the 6 1⁄4 Notes and the 12 1⁄2% Senior Discount Notes (See Section 8(e) of the Credit Agreement)
 
	  
 	  
 
	 9.
 	 Default under the Hedge Agreement.Eighth Amendment to Amended and Restated Credit Agreement

  EXECUTION COPY
                      EIGHTH AMENDMENT, dated as of August 1, 2003 (this “Eighth Amendment”) to the Amended and
Restated Credit Agreement, dated as of July 23, 1998 and as amended and restated as of August 28, 1998, and as amended by the First Amendment, dated as of March 10, 1999, the Second Amendment, dated as of March 22, 2000, the Third Amendment, dated
as of October 10, 2000, the Fourth Amendment, dated as of February 13, 2001, the Fifth Amendment, dated as of December 31, 2001, the Sixth Amendment, dated as of June 28, 2002 and the Seventh Amendment, dated as of June 27, 2003 (as amended,
supplemented or otherwise modified, the “Credit Agreement”) among  (i) DDi Capital Corp., formerly known as Details Capital Corp. (the “Company”); (ii) Dynamic Details, Incorporated, formerly known as Details,
Inc. (“Details”); (iii) Dynamic Details Incorporated, Silicon Valley, formerly known as Dynamic Circuits, Inc. (“DDISV”, and collectively with Details, the “Borrowers”); (iv) the several banks and
other financial institutions from time to time parties thereto, (individually, a “Lender,” and collectively, the “Lenders”); (v) Bankers Trust Company, as documentation and co-syndication agent; and (vi) JPMorgan
Chase Bank, as collateral, co-syndication and administrative agent (in such capacity, the “Administrative Agent”), and all collateral and ancillary documentation entered into in connection therewith, including, without limitation,
the hedge agreement (the “Hedge Agreement”) entered into by Details with JPMorgan Chase Bank (collectively, the “Loan Documents”).  Terms defined in the Credit Agreement shall be used in this Eighth Amendment
with their defined meanings unless otherwise defined herein. 
  W I T N E S S E T H :
                     WHEREAS, pursuant to the Loan Documents the Lenders agreed to make, and have made, certain Loans
to the Borrowers;  
                      WHEREAS, on the date hereof, the Borrowers and
Lenders have entered into  Restructuring Support Agreement, dated as of August 1, 2003, by and among (i) DDi Corp., DDi Intermediate Holdings Corp., the Company, the Borrowers and certain of their respective subsidiaries and affiliates, and
(ii) the Lenders (the “Restructuring Support Agreement”) in order to further the implementation of  the Restructuring Transaction (as defined in the Restructuring Support Agreement) subject to the terms and conditions set forth
therein;  
                      WHEREAS, as part of the Restructuring Transaction, the
Borrowers are required to maintain and fund a Reserved Cash Account (the “Reserved Cash Account”) and a JPM Controlled Account (the “JPM Controlled Account”) on the terms set forth herein and in the Budget and
Funding Mechanism (as defined in the Restructuring Support Agreement); and  
                      WHEREAS, the Company and the Borrowers have requested that the Lenders amend, and the Lenders have agreed
to amend, certain of the provisions of the Credit Agreement in order to facilitate the Restructuring Transaction, but only upon the terms and subject to the conditions set forth below; 
                      NOW, THEREFORE, the parties hereto hereby agree as follows: 
                      1.     Amendment to Section 1.1.  Section 1.1 of the Credit Agreement
is hereby amended as follows:  

	   
 	  (a)    by amending and restating the following definition in its entirety:
 
	   
 	   
 
	   
 	  “Extended Amortization Date” shall mean the date that is the earliest to occur of  (x) August 8, 2003, which date shall automatically be extended to January 30,
2004  if the Plan Support Agreement is effective on or before August 8, 2003 or (y) the occurrence of a Termination Event (as defined in the Restructuring Support Agreement) that is not waived.
 

   2

	   
 	  (b)    by deleting the definition of “JPMorgan Chase Bank Qualified Account” in its entirety and by replacing it with the following
definition:
 
	   
 	   
 
	  
 	  “Reserved Cash Account” shall mean the account held by JPMorgan Chase Bank, solely in its capacity as the bank administering the deposit account, with account number
323-247490, in which the Administrative Agent has a perfected first priority security interest on terms and conditions satisfactory to the Administrative Agent.
 
	   
 	   
 
	   
 	  and replacing all references throughout the Credit Agreement to the term “JPMorgan Chase Bank Qualified Account” with the term “Reserved Cash Account”.
 
	   
 	   
 
	   
 	  (b)    by adding the following new definitions in the proper alphabetical order:
 
	   
 	   
 
	   
 	  “Eighth Amendment”:  the Eighth Amendment, dated as of August 1, 2003, to this Agreement.
 
	   
 	   
 
	  
 	  “Eighth Amendment Effective Date”:  shall mean August 1, 2003.
 
	   
 	   
 
	   
 	  “JPM Controlled Account” shall mean the account held by JPMorgan Chase Bank, solely in its capacity as the bank administering the deposit account, with account number
304-159514, in which the Administrative Agent has a perfected first priority security interest on terms and conditions satisfactory to the Administrative Agent.
 
	   
 	   
 
	   
 	  “JPM Controlled Account Control Agreement”:  shall mean the Deposit Account Control Agreement with respect to the JPM Controlled Account, dated as of August 1, 2003 by
and among (i) Details, (ii) DCI, (iii) JPMorgan Chase Bank and (iv) the Administrative Agent.
 
	   
 	   
 
	   
 	  “Plan Support Agreement”:  shall mean the Plan Support Agreement in the form attached as Exhibit B to the Restructuring Support Agreement.
 
	   
 	   
 
	  
 	  “Reserved Cash Control Agreement”:  shall mean the Deposit Account Control Agreement with respect to the Reserved Cash Account dated as of June 28, 2002, as amended
August 1, 2003, by and among (i) Details, (ii) JPMorgan Chase Bank and (iii) the Administrative Agent.
 
	   
 	   
 
	   
 	  “Restructuring Support Agreement”: shall mean that certain Restructuring Support Agreement by and among (i) DDi Corp., DDi Intermediate Holdings Corp., the Company, the
Borrowers and their respective subsidiaries and affiliates, and (ii) the Lenders.
 
	   
 	   
 
	   
 	  “Restructuring Transaction”: shall have the meaning ascribed to such term in the Restructuring Support Agreement.
 

                      2.     Amendment to Section 2.3.  Each of subsections 2.3(a) and (b)
of the Credit Agreement is hereby amended by deleting “September 30, 2003” and “December 31, 2003” where it appears therein, respectively, and substituting in lieu thereof “Extended Amortization Date”. 
 
                    3.     Amendment to Section 6.  Section 6 of the
Credit Agreement is hereby amended by adding the following new Section 6.15 immediately following Section 6.14: 

 

  3
                      “6.15.     Reserved Cash Account.”  The Borrowers hereby
agree to maintain a minimum balance of $7,500,000 in the Reserved Cash Account at all times.  Commencing on and after the Eighth Amendment Effective Date:  (a) until such time as a Notice of Sole Control (as defined in the Reserved Cash
Control Agreement) has been issued by the Administrative Agent, any and all interest that accrues on such initial deposit in the Reserved Cash Account shall be available to the Borrowers; (b)  the Borrowers agree that Required Lenders may
direct the Administrative Agent to issue a Notice of Sole Control  at any time in their sole and absolute discretion as provided in the Reserved Cash Control Agreement; and (c) upon the occurrence of a Termination Event (as defined in the
Restructuring Support Agreement), unless waived pursuant to the Restructuring Support Agreement, but in any event, no later than three (3) business days after the occurrence of such Termination Event, the Lenders may exercise at any time any or all
of their rights, remedies, powers and privileges including but not limited to the right to seize, set-off or otherwise direct the use of funds in the Reserved Cash Account, and commence enforcement and collection actions, under the Credit Agreement
and the other Loan Documents and applicable law.   
                      4.     Amendment to Section 7.2(m).  Section 7.2(m) of the Credit
Agreement is hereby amended by deleting the word “Seventh” and substituting the word “Eighth” in lieu thereof.
                      5.     Amendment to Section 11.3.  Section 11.3 of the Credit
Agreement is hereby amended by adding the following sentence immediately following the end of the last sentence of such Section. 

	   
 	  “Without limiting the generality of the foregoing, notwithstanding the Lenders’ execution of the Restructuring Support Agreement, the Budget and Funding Agreement (as
defined in the Restructuring Support Agreement) and any other document entered into in connection with the Restructuring Transaction, nothing contained therein shall, nor shall any non-exercise of the Lenders’ right and remedies in connection
with the Restructuring Transaction, constitute a waiver of, or otherwise affect, any of the Administrative Agent’s and the Lenders’ rights and remedies under this Agreement and applicable law.”
 

 
                    6.     Amount of Obligations.  Each of the Borrowers
and the Company jointly and severally acknowledges and agrees that, on and as of the Eighth Amendment Effective Date, the Obligations include, without limitation, the aggregate amount of $ 72,892,916.17 in respect of face amount of undrawn
Letters of Credit and outstanding unpaid principal Obligations under the Loan Documents. 
                      7.     Acknowledgment of Events of Default.  Each of the Borrowers
and the Company jointly and severally hereby acknowledges that (a) the Existing Events of Default set forth on Schedule 1 hereto (the “Existing Events of Default”) have occurred and continue to exist as of the Eighth Amendment
Effective Date, and each of the Borrowers and the Company represents and warrants to the Administrative Agent and the Lenders that no other Event of Default has occurred and continues to exist as of the Eighth Amendment Effective Date, (b) the
Scheduled Expected Events of Default set forth on Schedule 2 hereto (the “Scheduled Expected Events of Default”)  have not occurred as of the Eighth Amendment Effective Date but are expected to occur and continue through the
Restructuring Period (as defined in the RSA); and (c) the occurrence and continuance of the Existing Events of Default (except solely with respect to the Reserved Cash Account) and the Scheduled Expected Events of Default (upon becoming an Event of
Default) entitle the Administrative Agent and the Lenders to at any time exercise all of their rights and remedies and to commence enforcement and collection actions under the Credit Agreement and the other Loan Documents and applicable law.

                     8.     The Collateral.  Each Grantor
jointly and severally ratifies and reaffirms the validity and enforceability (without defense, counterclaim or offset of any kind) of the liens and security interests 

   4
  granted to secure all of the Obligations (as defined in the Guarantee and Collateral Agreement) of such
Grantor to the Administrative Agent, for the benefit of the Lenders, pursuant to the Guarantee and Collateral Agreement.  Each Grantor jointly and severally acknowledges and agrees that all such liens and security interests granted by such
Grantor shall continue to secure the Obligations (as defined in the Guarantee and Collateral Agreement) from and after the Eighth Amendment Effective Date.  Each Grantor jointly and severally hereby represents and warrants to the Administrative
Agent and the Lenders that pursuant to the Guarantee and Collateral Agreement, the Obligations (as defined in the Guarantee and Collateral Agreement) are secured by liens on and security interest in all of such Grantor’s assets. 
 
                    9.     Validity of Obligations.  Each of the Borrowers
and the Company jointly and severally acknowledges and agrees that (i) each of the Borrowers is truly and justly indebted to the Lenders and the Administrative Agent for the Obligations, without defense, counterclaim or offset of any kind, and each
Borrower ratifies and reaffirms the validity, enforceability and binding nature of such Obligations, (ii) neither Borrower has any claim, right or cause of action of any kind against any Lender, the Administrative Agent or any of such Lender’s
or the Administrative Agent’s present or former subsidiaries, Affiliates, officers, directors, employees, attorneys or other representatives or agents (collectively with their respective successors and assigns, the “Lender
Parties”) in connection with the Obligations, the Credit Agreement and the other Loan Documents and this Eighth Amendment, or the transactions contemplated hereby and thereby and (iii) each Lender and the Administrative Agent has heretofore
properly performed and satisfied in a timely manner all of its obligations under the Loan Documents.  
                     10.     Reservation of Rights.  Each of the Company and the Borrowers
jointly and severally acknowledges and agrees that, (a) the Lenders shall preserve all rights, remedies, power or privileges set forth in the Credit Agreement and the other Loan Documents and under applicable law, (b) nothing contained herein shall
in any way (i) limit or otherwise prejudice any right, remedy, power or privilege which the Lenders or the Administrative Agent may not have or may have in the future under or in connection with the Credit Agreement or any other Loan Document and
applicable law, or diminish any of the obligations of the Company and the Borrowers or any of their respective Subsidiaries contained in the Credit Agreement or any other Loan Document or (ii) waive any Default or Event of Default (including any
Existing Event of Default or Scheduled Expected Event of Default), (c) the current non-exercise of rights and remedies by the Administrative Agent and the Lenders in respect of the Existing Events of Default shall not be construed as a waiver of any
such Events of Default, (d) any acceptance by the Lenders of a payment of principal or interest in an amount less than the full amount of principal or interest due and payable under the Credit Agreement and the other Loan Documents shall not
constitute a waiver of any rights and remedies by the Administrative Agent and the Lenders in respect thereof and (e) the Administrative Agent and the Lenders have the right, and have reserved their right, to invoke fully any or all of such rights,
remedies, powers and privileges under the Credit Agreement, the other Loan Documents and applicable law in respect of the Existing Events of Default, the Scheduled Expected Events of Default and any other Events of Default that may now exist or
hereafter occur.  The rights, remedies, powers and privileges of the Administrative Agent and the Lenders provided under this Eighth Amendment and the Loan Documents are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by law. 
                      11.     Payment of
Fees and Expenses.  The Borrowers agree to pay or reimburse the Administrative Agent for its out-of-pocket costs and expenses incurred in connection with this Eighth Amendment, any documents prepared in connection herewith and the
transactions contemplated hereby and any outstanding amounts relating thereto to the Administrative Agent’s professional advisors including, without limitation, the reasonable fees, charges and disbursements of Simpson Thacher & Bartlett
LLP, counsel to the Administrative Agent, and the reasonable fees, charges and disbursements ofFTI Consulting, subject to the Administrative Agent’s approval of such fees.   

  5
                      12.     No Change.  Except as expressly provided herein, no term or
provision of the Credit Agreement or any other Loan Document shall be amended, waived, modified, consented to or supplemented, and each term and provision of the Credit Agreement and the other Loan Documents shall remain in full force and effect.

                      13.     Effectiveness.  This Eighth
Amendment shall become effective upon the satisfaction of the following conditions precedent and will be deemed to be effective as of August 1, 2003 (the “Eighth Amendment Effective Date”): 
                      (a)     counterparts hereof duly executed by Company, the Borrowers and the
Administrative Agent on its behalf and on behalf of each of the Lenders; the execution and delivery of this Eighth Amendment by any Lender shall be binding upon each of its successors and assigns (including assignees of its Commitments and Loans in
whole or in part prior to effectiveness hereof) and binding in respect of all of its Commitments and Loans, including any acquired subsequent to its execution and delivery hereof and prior to the effectiveness hereof;  
                      (b)     a copy of resolutions of each Borrower, certified by the
Secretary of such Borrower, authorizing the execution, delivery and performance of this Eighth Amendment, which shall be in form and substance reasonably satisfactory to the Administrative Agent and shall state that the resolutions thereby certified
have not been amended, modified, revoked or rescinded;  
                      (c)     a certificate of each of the Borrowers, dated as of the date hereof, as
to the incumbency and signature of the officers of such Borrower executing this Eighth Amendment, which shall be in form and substance reasonably satisfactory to the Administrative Agent;  
                     (d)     such other documents, instruments and agreements with respect to the
matters contemplated by this Eighth Amendment as the Administrative Agent reasonably shall request, and all such documents, instruments and agreements shall be in form and substance reasonably satisfactory to the Administrative Agent;
 
                      (e)     the Borrowers and the Company shall
have satisfied paragraph 3 of the Budget and Funding Mechanism; and 
                      (f)     the Borrowers shall have transferred and deposited all funds on deposit
in Account # 209-14469 established with Bank of America into the JPM Controlled Account 
                      14.     Counterparts.  This Eighth Amendment may be executed by the
parties hereto in any number of separate counterparts by facsimile with originals to follow, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
                      15.     GOVERNING LAW.  THIS EIGHTH AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

                       IN WITNESS WHEREOF, the parties have caused this Eighth
Amendment to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written. 

	   
 	  DDi CAPITAL CORP.
 
	   
 	   
 
	   
 	  By:
 	   /s/ John Stumpf
 
	   
 	   
 	 
 
	   
 	  Title:
 	   Chief Financial Officer (CFO)
 
	   
 	   
 	   
 
	   
 	  DYNAMIC DETAILS, INCORPORATED
 
	  
 	   
 
	   
 	  By:
 	  /s/ John Stumpf 
 
	   
 	   
 	 
 
	   
 	  Title:
 	   CFO
 
	   
 	   
 	   
 
	   
 	  DYNAMIC DETAILS, INCORPORATED, SILICON VALLEY
 
	   
 	   
 
	   
 	  By:
 	 /s/ John Stumpf
 
	  
 	   
 	 
 
	   
 	  Title:
 	   CFO
 

	   
 	  JPMorgan Chase Bank, as
 
	   
 	  Administrative Agent, Collateral Agent, Co-
 
	   
 	  Syndication Agent and as a Lender
 
	   
 	   
 	   
 
	   
 	  By:
 	     /s/ Jonathan Katz 
 
	  
 	   
 	 
 
	   
 	  Title:
 	     Vice President
 
	 	 	 
	   
 	  JPMorgan Chase Bank, 
 
	   
 	  on behalf of the Lenders
 
	   
 	   
 	   
 
	   
 	  By:
 	     /s/ Jonathan Katz 
 
	  
 	   
 	 
 
	   
 	  Title:
 	     Vice President
 
	 	 	 

                       Each of the undersigned hereby consents to the
foregoing Eighth Amendment and hereby confirms, reaffirms and restates that its obligations under or in respect of the Credit Agreement and the documents related thereto to which it is a party are and shall remain in full force and effect after
giving effect to the foregoing Eighth Amendment.

	   
 	  DYNAMIC DETAILS, INCORPORATED, VIRGINIA
 
	   
 	   
 
	   
 	  By:
 	      /s/ Timothy Donnelly
 
	  
 	   
 	 
 
	   
 	  Title:
 	      Vice President
 
	   
 	   
 	   
 
	   
 	  DYNAMIC DETAILS TEXAS, L.P.
 
	   
 	   
 
	   
 	  By:
 	  DYNAMIC DETAILS TEXAS HOLDINGS CORP.
 
	   
 	   
 	   
 
	  
 	  By:
 	     /s/ Timothy Donnelly
 
	   
 	   
 	 
 
	   
 	  Title:
 	     Vice President
 
	   
 	   
 	   
 
	   
 	   
 	   
 
	   
 	  By:
 	  DDi-TEXAS INTERMEDIATE HOLDINGS, L.L.C.
 
	   
 	   
 	   
 
	  
 	  By:
 	     /s/ Timothy Donnelly
 
	   
 	   
 	 
 
	   
 	  Title:
 	     Vice President
 
	   
 	   
 	   
 
	   
 	  By:
 	  DYNAMIC DETAILS TEXAS HOLDINGS CORP.
 
	   
 	   
 	   
 
	   
 	  By:
 	     /s/ Timothy Donnelly
 
	  
 	   
 	 
 
	   
 	  Title:
 	     Vice President
 
	   
 	   
 	   
 
	   
 	  By:
 	  DYNAMIC DETAILS INCORPORATED, COLORADO SPRINGS
 
	   
 	   
 	   
 
	   
 	  By:
 	     /s/ Timothy Donnelly
 
	   
 	   
 	 
 
	  
 	  Title:
 	     Vice President
 
	   
 	   
 	   
 
	   
 	  By:
 	  DYNAMIC DETAILS INCORPORATED, TEXAS
 
	   
 	   
 	   
 
	   
 	  By:
 	     /s/ Timothy Donnelly
 
	   
 	   
 	 
 
	   
 	  Title:
 	     Vice President
 

  SCHEDULE I
  Existing Events of Default
  The following Events of Default have occurred as of the Eighth Amendment Effective Date: 

	  1.
 	  Failure to meet minimum Consolidated EBITDA for the fiscal quarter ending December 31, 2002 (See Section 7.1(d) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  2.
 	  Failure to maintain minimum Liquidity Amount from and after December 31, 2002 (See Section 7.1(a) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  3.
 	  Failure to maintain minimum Liquidity Amount (See Section 7.1(a) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  4.
 	  Failure to meet the Consolidated Senior Leverage Ratio covenant (See Section 7.1(b) and Section 8(c) of the Credit Agreement)
 
	  
 	   
 
	  5.
 	  Failure to meet minimum Consolidated EBITDA (See Section 7.1(d) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  6.
 	  Failure to meet minimum Consolidated Revenue (See Section 7.1(e) and Section 8(c) of the Credit Agreement)
 
	   
 	   
 
	  7.
 	  Audited consolidated financial statements for the fiscal year ended December 31, 2002 issued by PricewaterhouseCoopers LLP or other independent certified public accountants of nationally
recognized standing with a “going concern” or like qualification or exception (See Section 6.1(a) and Section 8(d) of the Credit Agreement)
 
	   
 	   
 
	  8.
 	  Failure to make interest payments on the 5 1⁄4 Notes, the 6 1⁄4 Notes and the 12 1⁄2% Senior Discount Notes (See Section 8(e) of the Credit Agreement)
 
	  
 	  
 
	 9.
 	 Default under the Hedge Agreement.
 

  Schedule II
 Scheduled Expected Events of Default
 The following Events of Default have not occurred as of the Eighth Amendment Effective Date but are expected to occur and continue during the Restructuring Period. 
 [list]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]