Document:

EX-10.11 AMENDMENT NO.5 PRODUCT PURCHASE AGREEMENT

 

Exhibit 10.11

	 	 	 
	Verilink Corporation

	 	Amendment No. 5
	3/4/05

	 	Agreement No. C0302362
	 

	 	Page 1 of 2

Amendment No. 5

To Product Purchase Agreement

Between Telesector Resources Group, Inc., d/b/a/Verizon Services Group,

Verilink Corporation

This Amendment No. 5 to Product Purchase Agreement No. C0302362 (Agreement) is entered
into and made effective as of the 4th day of March, 2005, by and between Verilink
Corporation., a corporation, with offices at 11551 East Arapahoe Road, Suite 150
(hereinafter called “Seller”) and Telesector Resources Group, Inc., a Delaware corporation
with offices at 240 East 38th Street, New York, New York 10016, d/b/a Verizon
Services Group, on behalf of itself and for the benefit of its AFFILIATES, (herein referred
to as “Purchaser”).

WHEREAS, the Agreement was effective between Buyer and Seller on June 19, 2003, and was amended
by Amendments #1 — 4, to continue in effect until December 31, 2006;

EFFECTIVE DATE:

This Amendment No. 5 shall be effective March 4, 2005

NOW THEREFORE, the parties agree as follows:

PRICING

1. Appendix D to the Agreement, entitled Pricing, is hereby amended as per the party’s agreement
to increase the Chassis (part number 9SA-CHAS-000 ) price by $[12]* as follows:

Year 2003
pricing from $[13]* to $[14]*

Year 2004
pricing from $[15]* to $[16]*

Year 2005
pricing from $[17]* to $[18]*

Year 2006
pricing from $[19]* to $[20]*

2. Appendix D to the Agreement, entitled Pricing, is hereby amended as per the party’s agreement
to decrease the Installation Kit unit price (part number 9SA-Inst-Kit, Kit Installation for SHARK
XSP-100) from $[21]* to $[22]*.

ALL OTHER TERMS:

All other terms and conditions of the Agreement shall remain in full force and effect.

*
Confidential portions omitted and will be filed separately with the
Securities and Exchange Commission.

 

 

 

	 	 	 
	Verilink Corporation

	 	Amendment No. 5
	3/4/05

	 	Agreement No. C0302362
	 

	 	Page 2 of 2

Each party represents that it has executed this Amendment through its authorized corporate
representative:

	 	 	 
	Accepted for: XEL Communications, Inc.	 	
Accepted for: Telesector Resources
Group, Inc.,
(A Verizon Company)
	Signature: ______________________________	 	
Signature: ______________________________
	Typed Name: ___________________________	 	
Typed Name: ___________________________
	Title: ____________________________________	 	
Title: ____________________________________
	Date: ____________________________________	 	
Date: ____________________________________EX-10.12 AMENDMENT NO.6 PRODUCT PURCHASE AGREEMENT

 

Exhibit 10.12

Amendment No. 6

Agreement No. C0302362

Page 1 of 3

Amendment No. 6

To Product Purchase Agreement

Between Telesector Resources Group, Inc., d/b/a/ Verizon Services Group,

And XEL Communications, Inc.

This Amendment No. 6 (this “Amendment”) to Product Purchase Agreement No. C0302362, as previously
amended by Amendment Nos. 1, 2, 3, 4 and 5 (collectively the “Agreement”), is entered into this
27th day of July, 2006, and made retroactively effective as of the June 16, 2006, (“the Effective
Date of Amendment No. 6”), by and between Verso Verilink, LLC, a Georgia limited liability company,
with offices at 400 Galleria Parkway, Suite 200, Atlanta, GA 30339 (hereinafter called “Supplier”)
and Verizon Services Corp. , a Delaware corporation with an office at 240 East 38th
Street, New York, New York 10016, on behalf of itself and for the benefit of its AFFILIATES,
(herein referred to as “Purchaser”).

WHEREAS, the Agreement was effective between Purchaser and XEL Communications Inc. (“XEL”) on June
19, 2003, and was extended by Amendment #1 on August 25, 2003, to continue in effect until December
31, 2006;

WHEREAS, on February 7, 2004 Verilink Corporation (“Verilink”), a Delaware corporation, succeeded
XEL as the Supplier under the Agreement, and such succession was agreed to by the parties in the
Integration Testing Agreement dated November 10, 2004, incorporated in Amendment No. 4;

WHEREAS, on April 9, 2006, Verilink filed for bankruptcy protection under chapter 11 of the United
States Bankruptcy Code (the “Bankruptcy”);

WHEREAS, on June 15, 2006, Winslow Asset Holdings, LLC. (“Winslow”) a Georgia limited liability
company, with offices at 5696 Peachtree Parkway, Suite A, Norcross, GA 30029, purchased a
substantial portion of the business assets of Verilink from Verilink’s bankruptcy estate pursuant
to an Asset Purchase Agreement, dated as of June 6, 2006 (the “Asset Purchase Agreement”);

WHEREAS, on June 16, 2006, Verso Technologies, Inc. a Minnesota -corporation with offices at 400
Galleria Parkway, Suite 200, Atlanta, Georgia 30339, purchased the outstanding equity interests of
Winslow pursuant to a Securities Purchase Agreement dated June 16, 2006, and effective June 16,
2006 changed the name of Winslow to Verso Verilink, LLC;

WHEREAS, in connection with the closing of the asset purchase under the Asset Purchase Agreement,
Verso Verilink, LLC has the right to require Verilink to assume the
Agreement in the Bankruptcy, upon which assumption the Agreement shall be automatically assigned to
and assumed by Verso Verilink, LLC under the terms of the Asset Purchase Agreement;

 

 

Amendment No. 6

Agreement No. C0302362

Page 2 of 3

WHEREAS, subject to the terms and conditions of this Amendment, Verso Verilink, LLC is willing to
instruct Verilink to assume the Agreement in the Bankruptcy, resulting in the assignment to and the
assumption of the Agreement from Verilink to Verso Verilink, LLC, and Purchaser is willing to
consent to such assignment to and assumption by Verso Verilink, LLC;

WHEREAS, as of the Effective Date of this Amendment No. 6, Telesector Resources Group, Inc., d/b/a
Verizon Services Group, with offices at 240 East 38th Street, New York, New York 10016, assigns to
Verizon Services Corp. (hereinafter referred to as “Verizon” or “Buyer”), a Delaware Corporation
with offices at 240 East 38th Street, New York, New York 10016, the Agreement; and Verizon Services
Corp. accepts the assignment and assumes all rights and obligations of Telesector Resources Group,
Inc. under the Agreement. All prior references to Telesector Resources Group, Inc., shall be
changed to Verizon Services Corp.

EFFECTIVE DATE:

This Amendment No. 5 shall be effective June 16, 2006.

NOW THEREFORE, the parties agree as follows:

ASSIGNMENT

Pursuant to Section 5.5 of the Agreement, entitled “ASSIGNMENT BY SUPPLIER:, Supplier Verso
Verilink, LLC, has notified Purchaser of the Assignment by Verilink of the Agreement to Supplier.
Supplier hereby confirms and agrees to the assignment of the Agreement by Verilink to Supplier and
agrees to assume the obligations of “Supplier” under the Agreement. Purchaser hereby consents to
the assignment of the Agreement to Supplier; provided however, that notwithstanding the
foregoing consent, nothing herein shall be construed to relieve Verilink Corporation of any of its
obligations under said Agreement.

TERM

Section 3.2 of the Agreement is deleted in its entirety and replaced with the following new
section, as follows:

“3.2 TERM OF AGREEMENT This Agreement shall commence on the date first above written and,
unless otherwise terminated pursuant to the provisions of this Agreement, shall continue until
December 31, 2008. Thereafter, this Agreement shall be renewable at the option of Purchaser for up
to an additional three (3) year term with notice to Supplier sixty (60) days in advance of the
expiration date. This Agreement shall be effective for PRODUCTS and SERVICES ordered by Purchaser
during the term and any extension thereof.”

 

 

Amendment No. 6

Agreement No. C0302362

Page 3 of 3

PRICING

The pricing under the Agreement for the Shark, ArcaDACS, XPP and PMO products and services for the
term as extended herein shall be the pricing in the new Exhibit 1 to this Amendment, which
replaces previous pricing Exhibits to the Agreement.

ALL OTHER TERMS

All other terms and conditions of the Agreement shall remain in full force and effect.

Each party represents that it has executed this Amendment through its authorized corporate
representative:

	 	 	 	 	 	 	 	 	 
	Accepted for: Verso Verilink, LLC	 	Accepted for: Verizon Services Corp. (A
	 	 	 	 	Verizon Company)
	 
	 	 	 	 	 	 	 	 
	Signature:	 	/s/ Larry Schwartz	 	Signature:	 	/s/ Alan Polonsky
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Typed Name: Larry Schwartz	 	Typed Name: Alan Polonsky
	 
	 	 	 	 	 	 	 	 
	Title: Vice President	 	Title: Director
	 
	 	 	 	 	 	 	 	 
	Date: July 26, 2006	 	Date: 7/28/06EX-4.1

 

EXHIBIT 4.1

SUPPLEMENTAL INDENTURE

     This First Supplemental Indenture dated as of October 19, 2005 (this
“Supplemental Indenture”) is by and among:

          US LEC OF NEW YORK INC., a North Carolina corporation,

(hereinafter referred to as the “Guaranteeing Subsidiary”), US LEC Corp., a Delaware corporation,
(the “Company”), the other Guarantors (as listed on the signature page of the Existing Indenture
referred to below) (the “Existing Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, as trustee under
the Indenture referred to below (the “Trustee”).

WITNESSETH

     Whereas, the Company and the Existing Guarantors have executed and delivered to the
Trustee an Indenture dated as of September 30, 2004, among the parties listed on the signature
pages thereto (the “Existing Indenture” and, as supplemented, the “Indenture”) providing for the
issuance of the Company’s Second Priority Senior Secured Floating Rate Notes due 2009 (the
“Notes”); and

     Whereas, the Existing Indenture provides that under certain circumstances the
Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant
to which the Guaranteeing Subsidiary shall guarantee all of the Indenture Obligations under the
Notes and the Indenture on the terms and conditions set forth herein and under the Indenture; and

     Now Therefore, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes
as follows:

     Section 1. Capitalized Terms. Capitalized terms used herein without definition shall have
the meanings assigned to them in the Existing Indenture.

     Section 2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to guarantee
the Existing Indenture and the Notes related thereto pursuant to the terms and conditions of
Article Eleven of the Existing Indenture, such Article Eleven being incorporated by reference
herein as if set forth at length herein.

     Section 3. References to Guarantors. All references to Guarantors in the Indenture shall be
deemed to include the Guaranteeing Subsidiary.

 

 

     Section 4. NEW YORK LAW TO GOVERN. THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN
AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.

     Section 5. Incorporation by Reference. This Supplemental Indenture shall be construed as
supplemental to the Existing Indenture and shall form a part thereof, and the Existing Indenture is
hereby incorporated by reference herein.

     Section 6. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

     Section 7. Effect of Headings. The Section headings herein are for convenience only and
shall not affect the construction hereof.

     Section 8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of
the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary
and the Company.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	US LEC CORP.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ J. Lyle Patrick	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: J. Lyle Patrick	 	 
	 

	 	 	 	 	 	Title: Executive Vice President and
Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	Attest:
	 	/s/ S. Shane Turley	 	 	 	 	 	 
	 

	 	 

Name: S. Shane Turley
	 	 	 	 	 	 
	 

	 	Title: Assistant Secretary	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	US LEC OF NORTH CAROLINA INC.
	 	 
	 

	 	 	 	 	 	US LEC OF GEORGIA, INC.	 	 
	 

	 	 	 	 	 	US LEC OF TENNESSEE INC.	 	 
	 

	 	 	 	 	 	US LEC OF FLORIDA INC.	 	 
	 

	 	 	 	 	 	US LEC OF SOUTH CAROLINA INC.	 	 
	 

	 	 	 	 	 	US LEC OF ALABAMA INC.	 	 
	 

	 	 	 	 	 	US LEC OF MARYLAND INC.	 	 
	 

	 	 	 	 	 	US LEC OF PENNSYLVANIA INC.	 	 
	 

	 	 	 	 	 	US LEC COMMUNICATIONS INC.	 	 
	 

	 	 	 	 	 	US LEC OF VIRGINIA L.L.C.	 	 
	 

	 	 	 	 	 	US LEC ACQUISITION CO.	 	 
	 

	 	 	 	 	 	US LEC OF NEW YORK INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ J. Lyle Patrick	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: J. Lyle Patrick	 	 
	 

	 	 	 	 	 	Title: Executive Vice President and
Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	Attest:
	 	/s/ S. Shane Turley	 	 	 	 	 	 
	 

	 	 

Name: S. Shane Turley
	 	 	 	 	 	 
	 

	 	Title: Secretary	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ R. Prokosch	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	Richard Prokosch	 	 
	 

	 	Title:	 	Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	STATE OF NORTH CAROLINA

	 	 	)	 	 	 	 	 
	 

	 	 	)	  ss.:	 	 
	COUNTY OF MECKLENBURG

	 	 	)	 	 	 	 	 

     On
the 19th day of October, 2005, before me personally came J. Lyle
Patrick, to me
known, who, being by me duly sworn, did depose and say that he resides in Charlotte, NC; that he is
the Executive Vice President and Chief Financial Officer of US LEC Corp., a corporation described in and which executed the foregoing
instrument; and that he signed his name thereto pursuant to authority of the Board of Directors of
such corporation.

	 	 	 	 	 
	 

	 	 	 	(NOTARIAL

SEAL)
	 
	 	 	 	 
	 	 	/s/
Kimberly A. F. Allen
	 	 	 
	 

	 	Notary Public

Commission Expires 3/14/2009	 	 

 

 

	 	 	 	 	 	 	 	 	 
	STATE OF NORTH CAROLINA

	 	 	)	 	 	 	 	 
	 

	 	 	)	  ss.:	 	 
	COUNTY OF MECKLENBURG

	 	 	)	 	 	 	 	 

     On the 19th day of October, 2005, before me personally came
J. Lyle Patrick,
to me known, who, being by me duly sworn, did depose and say that he resides in Charlotte, NC; that
he is the Executive Vice President and Chief Financial Officer of each of the corporations listed below, corporations described in and
which executed the foregoing instrument; and that he signed his name thereto pursuant to authority
of the Board of Directors of such corporations.

	 	 	 	 	 
	 

	 	 	 	(NOTARIAL
	 

	 	 	 	SEAL)
	 	 	/s/
Kimberly A. F. Allen
	 	 	 
	 

	 	Notary Public

Commission Expires 3/14/2009	 	 
	 
	 	 	 	 
	 	 	US LEC OF NORTH CAROLINA INC.
	 	 	US LEC OF GEORGIA, INC.
	 	 	US LEC OF TENNESSEE INC.
	 	 	US LEC OF FLORIDA INC.
	 	 	US LEC OF SOUTH CAROLINA INC.
	 	 	US LEC OF ALABAMA INC.
	 	 	US LEC OF MARYLAND INC.
	 	 	US LEC OF PENNSYLVANIA INC.
	 	 	US LEC COMMUNICATIONS INC.
	 	 	US LEC ACQUISITION CO.
	 	 	US LEC OF NEW YORK INC.

 

 

	 	 	 	 	 	 	 	 	 
	STATE OF NORTH CAROLINA

	 	 	)	 	 	 	 	 
	 

	 	 	)	  ss.:	 	 
	COUNTY OF MECKLENBURG

	 	 	)	 	 	 	 	 

     On
the 19th day of October, 2005, before me personally came J. Lyle
Patrick, to me
known, who, being by me duly sworn, did depose and say that he resides in Charlotte, NC; that he is
the Executive Vice President and Chief Financial Officer of each of the limited liability companies listed below, limited liability
companies described in and which executed the foregoing instrument; and that he signed his name
thereto pursuant to authority under the operating agreements of such limited liability companies.

	 	 	 	 	 
	 

	 	 	 	(NOTARIAL
	 

	 	 	 	SEAL)
	 
	 	 	 	 
	 	 	/s/
Kimberly A. F. Allen
	 	 	 
	 

	 	Notary Public

Commission Expires 3/14/2009	 	 
	 
	 	 	 	 
	 	 	US LEC OF VIRGINIA L.L.C.

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