Document:

Exhibit 4.5

 

SHARE UNITS GRANT AGREEMENT

 

	
  To:

  	
   

  	
                                                               (Name
  of Participant)

  
	
   

  	
   

  	
   

  
	
  Grant
  Date:

  	
   

  	
                  ,
  200[•]

  
	
   

  	
   

  	
   

  
	
  Fiscal
  Year:

  	
   

  	
        200[•]

  
	
   

  	
   

  	
   

  
	
  Number
  of

  	
   

  	
   

  
	
  Share
  Units:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Expiry
  Date:

  	
   

  	
  No
  term or condition of this Grant Agreement may have the effect of causing
  payment of the value of a Share Unit to a Participant, to occur after December 31,
  200

  

 

This Share
Units Grant Agreement (this “Grant Agreement”) sets forth the terms on which Geac
Computer Corporation Limited (the “Corporation”) grants to the Participant set
forth above the number of Share Units set forth above pursuant to the terms of
the Restricted Share Unit Plan (the “Plan”) adopted by the Corporation as of September 15,
2004.  Capitalized terms not defined
herein shall have the meanings ascribed thereto in the Plan.  In the event of any conflict between the
provisions set forth in the Plan and this Agreement, the Plan shall take
precedence.  The terms and conditions of
the Plan are incorporated into and form an integral part of this Grant
Agreement. For the grant contemplated herein to become effective as of the
Grant Date, the Participant must execute and return this Grant Agreement to the
Corporation’s General Counsel.

 

Vesting 

 

Notwithstanding
the standard vesting schedule set forth in the Plan, the Share Units (and
any additional Share Units credited in respect of such Share Units pursuant to Section 4.2
of the Plan) shall become Vested Share Units:

 

(a)                       as to       % of the Share Units set
forth above on the first anniversary of the Grant Date set forth above,

 

(b)                      an additional       % on the second
anniversary of the Grant Date, and

 

(c)                       the balance on the third anniversary of the Grant Date.

 

Notwithstanding
the foregoing, (i) where the above vesting percentages would result in the
vesting of a fractional Share Unit, such number shall be rounded down to the
nearest whole Share Unit for purposes of determining the number of Vested Share
Units as of such Vesting Date, and (ii) the Corporation may, at its option,
subject to the Stock Exchange Rules and the Plan, determine in advance that the
vesting of all or any portion of such Share Units shall accelerate upon a
Reorganization or proposed Reorganization.

 

Restrictions
on Transfer

 

The Share
Units granted hereunder may not be sold, transferred, assigned, pledged,
hypothecated, or otherwise encumbered by the Participant other than by operation
of law.   Any such attempted disposition in
contravention of this Agreement or levy of attachment or similar process shall
be null and void.

 

 

Entire
Agreement

 

This
Agreement, together with the Plan, embodies the entire agreement and
understanding between the parties hereto with respect to the subject matter
hereof and supersedes all prior oral or written agreements and understandings
relating to such subject matter.  No
statement, representation, warranty, covenant or agreement not expressly set
forth in this Agreement or the Plan shall affect or be used to interpret,
change or restrict the express terms and provisions of this Agreement.

 

Binding
Agreement

 

This Agreement
shall be binding upon and inure to the benefit of the Corporation, its
successors and assigns and the Participant and the legal representatives of his
or her estate and any other person who acquires the Participant’s rights in
respect of the Share Units by inheritance.

 

DATED as of                               ,
200    .

 

 

	
  Geac Computer Corporation Limited

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  

 

The
Participant hereby confirms and acknowledges the terms set forth above and
acknowledges receipt of a copy of the Plan. 
The Participant hereby further confirms and acknowledges that he or she
has not been induced to enter into this Agreement or receive any Share Units by
expectation of employment or continued employment with the Corporation or his
or her employer.  

 

	
  Signed:

  	
   

  	
   

  
	
   

  	
   Participant

  

 

2Exhibit 10.1

 

FOURTH
AMENDMENT

 

THIS FOURTH AMENDMENT, dated as of June 17, 2005
(this “Amendment”), is among ADVANSTAR COMMUNICATIONS INC., a New York
corporation (the “Borrower”), and the LENDERS (as defined below)
signatories hereto.

 

W  I  T  N
E  S  S  E  T  H:

 

WHEREAS, the Borrower, various financial institutions
from time to time parties thereto (collectively, the “Lenders”), Credit
Suisse First Boston (as successor in interest to DLJ Capital Funding, Inc.),
as Lead Arranger and Syndication Agent, Bank of America, N.A. (as successor by
merger to Fleet National Bank), as Administrative Agent, and Barclays Bank PLC,
as Documentation Agent, are parties to the Amended and Restated Credit
Agreement, dated as of November 7, 2000 (as further amended, supplemented,
amended and restated or otherwise modified prior to the date hereof, the “Existing
Credit Agreement”);

 

WHEREAS, the Borrower has requested that the Lenders
amend the Existing Credit Agreement in certain respects as more specifically
set forth herein; and

 

WHEREAS, the Lenders have agreed, subject to the terms
and conditions set forth herein, to amend the Existing Credit Agreement as set
forth below (the Existing Credit Agreement, as amended by this Amendment, being
referred to as the “Credit Agreement”);

 

NOW, THEREFORE, in consideration of the agreements
herein contained, and for other valuable consideration the receipt of which is
hereby acknowledged, the parties hereto hereby agree as follows.

 

ARTICLE
I

DEFINITIONS

 

SECTION  1.1. Certain
Definitions.  The following terms
(whether or not underscored) when used in this Amendment shall have the
following meanings (such meanings to be equally applicable to the singular and
plural form thereof):

 

“Amendment” is defined in the preamble.

 

“Borrower” is defined in the preamble.

 

“Credit Agreement”
is defined in the third  recital.

 

“Existing Credit
Agreement” is defined in the first
recital.

 

 

“Lenders” is defined in the first  recital.

 

“Fourth
Amendment Effective Date” is defined in Section 3.1.

 

SECTION  1.2. Other
Definitions.  Terms for which
meanings are provided in the Existing Credit Agreement are, unless otherwise
defined herein or the context otherwise requires, used in this Amendment with
such meanings.

 

ARTICLE
II

AMENDMENTS TO THE

EXISTING CREDIT AGREEMENT

 

Subject to the terms of Article III,
effective on the Fourth Amendment Effective Date, the Existing Credit Agreement
is hereby amended in accordance with this Article.

 

SECTION  2.1. Amendments
to Article I.  Article I of
the Existing Credit Agreement is hereby amended as set forth in Sections
2.1.1 and 2.1.2.

 

SECTION  2.1.1. Section 1.1
of the Existing Credit Agreement is hereby amended by inserting the following
definitions in such Section in the appropriate alphabetical order.

 

“Fourth Amendment” means the Fourth Amendment
to this Agreement, dated as of June 17, 2005, among the Borrower and the
Required Lenders.

 

“Fourth Amendment Effective Date” is defined in
Section 3.1 of the Fourth Amendment.

 

“Questex Net Disposition Proceeds” means the
Net Disposition Proceeds of the Questex Sale less the sum of (i) the
aggregate principal amount of Term-B Loans outstanding on April 2, 2005
and (ii) the aggregate amount of such Net Disposition Proceeds applied to
the acquisition of other assets or property pursuant to clause (c) of
Section 3.1.1.

 

“Questex Sale” means the Disposition of certain
assets pursuant to the terms of the Asset and Share Purchase Agreement, dated
as of April 2, 2005, among the Borrower, certain of its Subsidiaries and
Questex Medical Group, Inc.

 

SECTION  2.1.2. Section 1.1
of the Existing Credit Agreement is hereby further amended as follows:

 

(a)  Clause (b)(ii) of the definition of “Fixed
Charge Coverage Ratio” is hereby amended by adding the following proviso at the
end thereof:

 

provided,
further, that Interest Expense for any relevant four Fiscal Quarter
period shall exclude the amount of Interest Expense that is (or was)
attributable to the principal amount of Term Loans, Senior Notes and Senior
Subordinated Debt that has been prepaid during such period with (and in an
amount since the Fourth Amendment Effective Date, not to exceed) the Questex
Net Disposition Proceeds.

 

2

 

(b)  Clause (b)(iii) of the definition of “Fixed
Charge Coverage Ratio” is hereby amended by adding, prior to the proviso
thereto, the words “, after giving effect to any reductions in such scheduled
principal payments attributable to any optional or mandatory prepayments of
Term Loans and other funded Debt made during such period with (and in an amount
since the Fourth Amendment Effective Date, not to exceed) the Questex Net
Disposition Proceeds (determined as if such optional or mandatory prepayments
had occurred at the beginning of such period).”

 

(c)  The definition of “LIBO Rate” is hereby
amended in its entirety to read as follows:

 

“LIBO
Rate” means, for any Interest Period with respect to a LIBO Rate Loan, the
rate per annum equal to the British Bankers Association LIBOR Rate (“BBA
LIBOR”), as published by Reuters (or other commercially available source
providing quotations of BBA LIBOR as designated by the Administrative Agent
from time to time) at approximately 11:00 a.m., London time, two Business
Days prior to the commencement of such Interest Period, for Dollar deposits
(for delivery on the first day of such Interest Period) with a term equivalent
to such Interest Period.  If such rate is
not available at such time for any reason, then the “LIBO Rate” for such
Interest Period shall be the rate per annum determined by the Administrative
Agent to be the rate at which deposits in Dollars for delivery on the first day
of such Interest Period in same day funds in the approximate amount of the LIBO
Rate Loan being made, continued or converted by Bank of America and with a term
equivalent to such Interest Period would be offered by Bank of America’s London
Branch to major banks in the London interbank eurodollar market at their
request at approximately 11:00 a.m. (London time) two Business Days prior
to the commencement of such Interest Period.

 

SECTION  2.2. Amendment
to Article II.  Clause (b) of
Section 2.2.1 of the Existing Credit Agreement is hereby amended by adding
the following text at the end of such clause:

 

; provided, that the foregoing shall
not apply in the case of the Questex Sale or the Questex Net Disposition
Proceeds.

 

SECTION  2.3. Amendment
to Article VII.  Clause (i) of
Section 7.2.6 of the Existing Credit Agreement is hereby amended in its
entirety to read as follows:

 

(i)  the
Borrower may redeem, repay or repurchase Permitted Senior Debt, Existing Senior
Subordinated Notes, New Senior Subordinated Notes or other Senior Subordinated
Debt permitted under clause (e) of Section 7.2.2 with
(x) the proceeds of New Permitted Senior Debt or (y) so long as no Event
of Default has occurred and is continuing or would result therefrom, Questex
Net Disposition Proceeds.

 

SECTION  2.4. Amendment
to Article IX.  Section 8.1.3
of the Existing Credit Agreement is hereby amended in its entirety to read as
follows:

 

3

 

SECTION 8.1.3  Non-Performance
of Certain Covenants and Obligations. 
The Borrower shall default in the due performance and observance of any
of its obligations under Sections 7.1.1(e), 7.1.7(a)(ii), 7.1.9,
7.1.10, 7.1.11, 7.1.12 or 7.2 (other than Section 7.2.1)
(it being agreed that compliance with Section 7.2.4 for the period
ended June 30, 2005 shall not be determined until July 31, 2005 and
then shall be determined as if any repayment, prepayment or repurchase of Term
Loans, Senior Notes and Senior Subordinated Debt with Questex Net Disposition
Procedures from July 1, 2005 through July 31, 2005 had occurred on June 30, 2005).

 

SECTION  2.5. Amendments
to Article X.  New Sections
10.16 and 10.17 are hereby added to the Existing Credit Agreement, to read in
their entirety as follows:

 

SECTION 10.16.  Patriot Act.  Each Lender that is subject to the Act (as
hereinafter defined) and the Administrative Agent (for itself and not on behalf
of any Lender) hereby notifies the Borrower that pursuant to the requirements
of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record information
that identifies the Borrower, which information includes the name and address
of the Borrower and other information that will allow such Lender or the
Administrative Agent, as applicable, to identify the Borrower in accordance
with the Act.

 

SECTION 10.17.  The Borrower hereby acknowledges that (a) the
Administrative Agent will make available to the Lender Parties materials and/or
information provided by or on behalf of the Borrower hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on IntraLinks or another
similar electronic system (the “Platform”); and (b) certain of the
Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to
receive material non-public information with respect to the Borrower or its
securities) (each, a “Public Lender”). 
The Borrower hereby agrees that so
long as it is the issuer of any outstanding debt or equity securities that are
registered or are issued pursuant to a private offering or is actively
contemplating issuing any such securities (w) all Borrower Materials
that are to be made available to Public Lenders shall be clearly and
conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC”
shall appear prominently on the first page thereof; (x) by marking
Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized
the Administrative Agent and the other Lender Parties to treat such Borrower
Materials as not containing any material non-public information with respect to
the Borrower or its securities for purposes of United States Federal and state
securities laws (provided, however, that to the extent the
Borrower Materials constitute non-public information, they shall be treated as
set forth in Section 10.15); (y) all Borrower Materials marked “PUBLIC”
are permitted to be made available through a portion of the Platform designated
“Public Investor;” and (z) the Administrative Agent shall be entitled to treat
any Borrower Materials that are not marked “PUBLIC” as being suitable only for
posting on a portion of the Platform not designated “Public Investor.”

 

4

 

SECTION  2.6. Exhibit E
to Existing Credit Agreement.  Exhibit E
to the Existing Credit Agreement is hereby amended to the extent necessary to
give effect to the terms of this Amendment.

 

ARTICLE
III

CONDITIONS TO EFFECTIVENESS

 

SECTION  3.1. Effectiveness
Conditions.  This Amendment shall
become effective on the date (the “Fourth Amendment Effective Date”)
when each of the conditions set forth in this Article have been
satisfied.  The Administrative Agent
shall provide written notice to the Borrower of the occurrence of the Fourth
Amendment Effective Date promptly following the occurrence thereof.

 

SECTION  3.1.1. Prepayment
of Term-B Loans.  The Borrower shall
have prepaid in full all Term-B Loans and accrued interest thereon.

 

SECTION  3.1.2. Officer’s
Certificate.  The Administrative
Agent shall have received a certificate in form and substance satisfactory to
the Administrative Agent, executed and delivered by an Authorized Officer of
the Borrower as to, among other things, the estimated amount of the Questex Net
Disposition Proceeds as of the Fourth Amendment Effective Date.

 

SECTION  3.1.3. Executed
Counterparts.  The Administrative
Agent shall have received counterparts of this Amendment duly executed and
delivered on behalf of the Borrower and the Required Lenders.

 

SECTION  3.1.4. Amendment
Fee.  The Borrower shall have paid a
non-refundable amendment fee for the account of each Lender that has executed
and delivered (including delivery by way of facsimile) this Amendment to the
attention of Carol Morrison at Mayer, Brown, Rowe & Maw LLP, 1675
Broadway, New York, New York 10019, telecopy number 212-262-1910, at or prior
to 5:00 p.m., New York time, on or before June 17, 2005, in the
amount of 15 basis points of such Lender’s Revolving Loan Commitment.

 

SECTION  3.1.5. Affirmation
and Consent.  The Administrative
Agent shall have received counterparts of an Affirmation and Consent, dated as
of the Fourth Amendment Effective Date, in form and substance reasonably
satisfactory to the Administrative Agent, duly executed and delivered by each
of the Obligors other than the Borrower.

 

ARTICLE
IV

MISCELLANEOUS PROVISIONS

 

SECTION  4.1. Cross-References.  References in this Amendment to any Article or
Section are, unless otherwise specified, to such Article or Section of
this Amendment.

 

SECTION  4.2. Loan
Document Pursuant to Existing Credit Agreement.  This Amendment is a Loan Document executed
pursuant to the Existing Credit Agreement and shall

 

5

 

be construed, administered and applied in accordance
with all of the terms and provisions of the Credit Agreement.

 

SECTION  4.3. Successors
and Assigns.  This Amendment shall be
binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns.

 

SECTION  4.4. Full
Force and Effect; Limited Amendment. 
Except as expressly amended hereby, all of the representations,
warranties, terms, covenants, conditions and other provisions of the Existing
Credit Agreement and the Loan Documents shall remain unchanged and shall
continue to be, and shall remain, in full force and effect in accordance with
their respective terms.  The amendments
set forth herein shall be limited precisely as provided for herein to the
provisions expressly amended herein and shall not be deemed to be an amendment
to, waiver of, consent to or modification of any other term or provision of the
Existing Credit Agreement, any other Loan Document referred to therein or
herein or of any transaction or further or future action on the part of the
Borrower or any Obligor which would require the consent of the Lenders under
the Existing Credit Agreement or any of the Loan Documents.

 

SECTION  4.5. Governing
Law.  THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED
BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSES SECTION 5-1401
AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

 

SECTION  4.6. Execution
in Counterparts.  This Amendment may
be executed in any number of counterparts by the parties hereto, each of which
counterparts when so executed shall be an original, but all the counterparts
shall together constitute one and the same agreement.  Delivery of an executed counterpart of a
signature page to this Amendment by facsimile shall be effective as
delivery of a manually executed counterpart of this Amendment.

 

SECTION  4.7. Representations
and Warranties.  In order to induce
the Lenders to execute and deliver this Amendment the Borrower hereby
represents and warrants to the Lenders that both before and after giving effect
to this Amendment, all of the statements set forth in clauses (a) and
(c) of Section 5.2.1 of the Existing Credit Agreement
are true and correct on and as of the Fourth Amendment Effective Date.

 

6

 

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

 

	
   

  	
  ADVANSTAR COMMUNICATIONS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ DAVID W. MONTGOMERY

  	
   

  
	
   

  	
   

  	
  Vice President – Finance and Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Bank of America, N.A. (as successor by merger to

  
	
   

  	
  Fleet National Bank), as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Amy B. Peden

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Bank of America, N.A. (as successor by merger to

  
	
   

  	
  Fleet National Bank)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Amy B. Peden

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  General Electric Capital Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Marie G. Mollo

  	
   

  
	
   

  	
   

  	
  Title: Duly Authorized Signatory

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PB Capital Corp.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Lisa Moraglia

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Christopher J. Ruzzi

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  

 

7

 

	
   

  	
  Credit Suisse, Cayman Islands (formerly known as

  
	
   

  	
  Credit Suisse First Boston, acting through its

  
	
   

  	
  Cayman Island Branch)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Doreen Barr

  	
   

  
	
   

  	
   

  	
  Title: Associate

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Phillip Ho

  	
   

  
	
   

  	
   

  	
  Title: Director

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Wells Fargo Bank, National Association

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Kyle R. Holtz

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Bank of Montreal, Chicago Branch

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Bruce Pietka

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Barclays Bank PLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Kelly Smith

  	
   

  
	
   

  	
   

  	
  Title: Director

  	
   

  

 

8

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