Document:

_______________ __, 2005

Rodman & Renshaw, LLC
330 Madison Avenue
New York, New York 10017

            Re:  Vector Intersect Security Acquisition Corp.

Gentlemen:

         This letter will confirm the agreement of the undersigned to purchase
warrants ("Warrants") of Vector Intersect Security Acquisition Corp. ("Company")
included in the units ("Units") being sold in the Company's initial public
offering ("IPO") upon the terms and conditions set forth herein. Each Unit is
comprised of one share of common stock, par value $.0001 per share, of the
Company (the "Common Stock") and one Warrant to purchase a share of Common
Stock. The shares of Common Stock and Warrants will not be separately tradable
until 20 days after the effective date of the Company's IPO unless Rodman &
Renshaw, LLC ("Rodman") informs the Company of its decision to allow earlier
separate trading.

         The undersigned agrees that on the date hereof it will enter into an
agreement or plan in accordance with the guidelines specified by Rule 10b5-1
under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with
Rodman or, with Rodman's consent, an independent broker-dealer (either, the
"Broker") registered under Section 15 of the Exchange Act, pursuant to which the
Broker will purchase up to 1,687,500 Warrants in the public marketplace for the
undersigned's account during the 45-trading day period commencing on the later
of (i) the date separate trading of the Warrants has commenced or (ii) 60
calendar days after the end of the restricted period under Regulation M under
the Exchange Act, at market prices not to exceed $1.20 per Warrant, subject to a
maximum Warrant purchase obligation equal to the number of Warrants set forth
opposite their respective names below ("Maximum Warrant Purchase"). Rodman
agrees that the undersigned may, collectively, require Rodman to purchase up to
an aggregate of 843,750 of such Warrants for Rodman's account pursuant to a
joint direction purchase order signed by each of the undersigned which comports
with Rule 10b5-1. The undersigned shall instruct the Broker to fill such order
in such amounts and at such times as the Broker may determine, in its sole
discretion, during the 45-trading day period described above.

         As the date hereof, the undersigned represents and warrants that it is
not aware of any material nonpublic information concerning the Company or any
securities of the Company and is entering into this agreement in good faith and
not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1. The
undersigned agrees that while this agreement is in effect, the undersigned shall
comply with the prohibition set forth in Rule 10b5-1(c)(1)(i)(C) against
entering into or altering a corresponding or hedging transaction or position
with respect to the Company's securities. The undersigned further agrees that it
shall not, directly or indirectly, communicate any material nonpublic
information relating to the Company or the Company's securities to any employee
of Rodman or the Broker. The undersigned does not have, and shall

not attempt to exercise, any influence over how, when or whether to effect
purchases of Warrants pursuant to this agreement or the plan or agreement with
the Broker.

         Each of the undersigned may notify Rodman that all or part of the
Maximum Warrant Purchase will be made by one or more affiliates of the
undersigned (or another person or entity introduced to Rodman by the undersigned
(a "Designee")) who (or which) has an account at Rodman and, in such event,
Rodman will make such purchase on behalf of said affiliate or Designee;
provided, however, that the undersigned hereby agree to make payment of the
purchase price of such purchase and to fulfill their Maximum Warrant Purchase in
the event and to the extent that their affiliate or Designee fails to make such
payment or purchase.

         The undersigned shall instruct the Broker to make, keep, and produce
promptly upon request a daily time-sequenced schedule of all Warrant purchases
made pursuant to this agreement, on a transaction-by-transaction basis,
including (i) size, time of execution, price of purchase; and (ii) the exchange,
quotation system, or other facility through which the Warrant purchase occurred.

         The undersigned agrees that the undersigned shall not sell or transfer
the Warrants until the earlier of the consummation of a merger, capital stock
exchange, asset acquisition or other similar business combination involving the
Company and acknowledges that, at the option of Rodman, the certificates for
such Warrants shall contain a legend indicating such restriction on
transferability.

         This letter agreement shall for all purposes be deemed to be made under
and shall be construed in accordance with the laws of the State of New York,
without regard to the conflicts of laws principals thereof. This Agreement shall
be binding upon the undersigned and the heirs, successors and assigns of the
undersigned.

                     - Signature page immediately follows -

                                       2

                            Very truly yours,          Maximum Warrant Purchase

                                                                  *
                            ------------------------
                            Marc L. Abramowitz

                                                                  *
                            ------------------------
                            Issac Applbaum

ACCEPTED AND AGREED

RODMAN & RENSHAW, LLC

--------------------------
Name:
Title:

*  Allocation of Maximum Warrant Purchase obligation to be determined prior to
   closingexv10w2

 

Exhibit 10.2

CONSENT AND TWELFTH AMENDMENT TO

LOAN AND SECURITY AGREEMENT

          THIS CONSENT AND TWELFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is
entered into as of August 4, 2005, by and among Lenders, WELLS FARGO FOOTHILL, INC., a California
corporation, as the arranger and administrative agent for the Lenders (“Agent”) and MIDWAY
HOME ENTERTAINMENT INC., a Delaware corporation (“Midway”), MIDWAY AMUSEMENT GAMES, LLC, a
Delaware limited liability company (“MAG”; Midway and MAG are referred to hereinafter each
individually as a “Borrower”, and individually and collectively, jointly and severally, as
the “Borrowers”), MIDWAY GAMES INC., a Delaware corporation (“Parent”), MIDWAY
GAMES WEST INC., a California corporation (“MGW”), MIDWAY INTERACTIVE INC., a Delaware
corporation (“MI”), MIDWAY SALES COMPANY, LLC, a Delaware limited liability company
(“MSC”), MIDWAY HOME STUDIOS INC., a Delaware corporation (“MHS”), SURREAL SOFTWARE
INC., a Washington corporation (“Surreal”), MIDWAY STUDIOS – AUSTIN INC., a Texas
corporation (“MSA”), MIDWAY STUDIOS – LOS ANGELES INC., a California corporation (“MSLA”), MIDWAY
STUDIO – DALLAS INC., a Texas corporation, (“MSD”; Parent, MGW, MI, MSC, MHS, Surreal, MSA and
MSLA, are referred to hereinafter each individually as a “U.S. Credit Party” and
individually and collectively, jointly and severally, as the “U.S. Credit Parties”)

          WHEREAS, Borrowers, U.S. Credit Parties, Agent, and Lenders are parties to that certain Loan
and Security Agreement dated as of March 3, 2004 (as amended, modified or supplemented from time to
time, the “Loan Agreement”);

          WHEREAS, Borrowers have advised Agent and Lenders that Parent desires to acquire all of the
equity of Ratbag Holdings Pty Ltd, an Australian limited company (“Australia Operating
Company”), pursuant to the terms of an Acquisition Agreement (the “Acquisition
Agreement”), among Midway, Midway Australia Holdings Pty Ltd, an Australian limited liability
company (“Australia Holding Company”), Australia Operating Company, Trevor Martin Siegel,
Trustee for the G.P. Siegele Trust, Fluidform Pty Ltd., Trustee for the R.M. Harrison Trust and Mr.
Martin Cooper as Vendors and Messrs. Gregory Peter Siegele and Richard Harrison as Guarantors in
substantially the form of the draft agreement delivered to Agent dated July 29, 2005 (the
“Ratbag Acquisition”);

          WHEREAS, Australia Operating Company owns Ratbag Services Pty Ltd., Ratbag Games Pty Ltd.,
Ratbag Development Pty Ltd., Ratbag Productions Pty Ltd. and Ratbag Studios Pty Ltd.;

          WHEREAS, Borrowers have advised Agent and Lenders that they desire (i) to create Australia
Holding Company as a direct subsidiary of Parent and (ii) for Australia Holding Company to acquire
shares of Australia Operating Company pursuant to the terms of the Acquisition Agreement and the
transactions contemplated thereby (collectively, with the Ratbag Acquisition, the “Australia
Transactions”).

          WHEREAS, Borrowers and U.S. Credit Parties desire for Agent and Required Lenders to consent to
Australia Transactions as set forth herein; and

          WHEREAS, Borrowers, U.S. Credit Parties, Agent and Lenders have agreed to amend the Loan
Agreement in certain respects, subject to the terms and conditions contained herein.

          NOW THEREFORE, in consideration of the premises and mutual agreements herein contained, the
parties hereto agree as follows:

          1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein
shall have the meanings ascribed to such terms in the Loan Agreement.

          2. Consent. Subject to the satisfaction of the conditions set forth in Section 5
below, Agent and Required Lenders hereby consent to (a) the Ratbag Acquisition in accordance with
the terms of the Acquisition

 

Agreement and (b) consent to the Australia Transactions provided that (i) the closing of the
Ratbag Acquisition and Australia Transactions are completed within one day of the date hereof and
(ii) the net amount of Investments in Australia Operating Company, Australia Subsidiaries and
Australia Holding Company shall not at any time exceed the applicable amounts set forth in the
definition of Permitted Investment in Section 1.1 of the Loan Agreement. This is a limited consent
and shall not be deemed to constitute a waiver of, or consent to, any other future breach of the
Loan Agreement (as amended by this Amendment).

          3. Amendment to Loan Agreement. Subject to the satisfaction of the conditions set
forth in Section 5 hereof, the Loan Agreement is amended as follows:

          (a) The definition of the term “Bankruptcy Code” that is set forth in Section 1.1 of the Loan
Agreement is amended and restated in its entirety, as follows:

     “Bankruptcy Code” means title 11 of the United States Code, as
applicable, and as in effect from time to time, and, in respect of UK Company, UK
Insolvency Laws, in respect of German Company, German Insolvency Laws, in respect of
Japan Company, Japan Insolvency Laws and in respect of Australia Companies,
Australian Insolvency Laws.

          (b) The definition of “Loan Document” in Section 1.1 is amended by replacing the words “a
Company” and with “a Company, UK Company, German Company Japan Company or an Australian Company”.

          (c) The definition of “Permitted Investment” in Section 1.1 is amended by deleting the word
“and” at the end of clause (h) thereof, amending clause (i) thereof so that it is now a reference
to clause (k) thereof, and adding new clauses (i), (j) and (k) thereto, as follows:

          (i) Investments in German Company so long as the net additional amount of such Investments
made does not exceed $2,500,000 at any time, (j) Investments in Japan Company so long as the net
additional amount of such Investments made does not exceed $500,000 in any fiscal year”, (k)
Investments in Australia Companies equal to the purchase consideration for the Australia
Transactions plus additional Investments so long as the net additional amount of such additional
Investments made does not exceed (i) an amount equal to $1,500,000 plus the ordinary course
expenses of the Australia Companies at any time prior to December 31, 2005 and (ii) an amount equal
to the ordinary course expenses of the Australia Companies at any time on or after December 31,
2005.

          (d) The following definitions are added to Section 1.1 of the Loan Agreement, each in their
appropriate alphabetical order:

     “Australia Companies” means collectively, the Australia Operating
Company, Australia Subsidiaries and the Australia Holding Company.

     “Australia Operating Company” means Ratbag Holdings Pty Ltd, an
Australian limited company registered with company number (CAN 066 942 890).

     “Australia Holding Company” means Midway Australia Holdings Pty Ltd, an
Australian limited company registered with company number (CAN) 114 8954 840.

     “Australia Subsidiaries” means Ratbag Services Pty Ltd. (CAN 066 907
266), Ratbag Games Pty Ltd. (CAN 100 780 989), Ratbag Development Pty Ltd. (CAN 101
413 745), Ratbag Productions Pty Ltd. (CAN 096 392 362) and Ratbag Studios Pty Ltd.
(CAN 106 892 906).

     “Australian Insolvency Laws” means the bankruptcy and insolvency laws
as now and hereafter applying in Australia.

          (e) The preface to Article 7 of the Loan Agreement is hereby amended and restated as follows:

-2-

 

     Each Company covenants and agrees that, until termination of all of the
Commitments and payment in full of the Obligations, Companies will not, and will not
permit any of UK Company, German Company, Japan Company, or Australia Companies to,
do any of the following:

          (f) Section 7.1 of the Loan Agreement shall be amended by deleting the word “and” at the end
of clause (i) thereof, amending clause (j) thereof so that it is now a reference to clause (k)
thereof, and adding new clause (j) thereto, as follows:

          (j) Indebtedness consisting of inter-company loans between one Australia Company and another
Australia Company;

          (g) Section 7.1(d) of the Loan Agreement shall be amended as follows:

     (i) The reference in clause (i) to “UK Company’s, German Company’s, Japan Company’s”
shall be replaced with “UK Company’s, German Company’s, Japan Company’s, Australia
Companies’”;

     (ii) Both references in clause (ii) to “UK Company, German Company, Japan Company “
shall be replaced with “UK Company, German Company, Japan Company, Australia Companies”; and

     (iii) The reference in clause (iii) to “UK Company, German Company, Japan Company “
shall be replaced with “UK Company, German Company, Japan Company, Australia Companies”.

          (h) Section 7.4 of the Loan Agreement shall be amended by replacing the reference to “UK
Company, German Company, Japan Company “ with “UK Company, German Company, Japan Company, Australia
Companies”.

          (i) Section 7.5 of the Loan Agreement shall be amended and restated as follows:

     Change UK Company’s, German Company’s, Japan Company’s, any Australia
Companies’ or any Company’s name, FEIN, organizational identification number, state
or nation of organization, or organizational identity; provided,
however, that (a) a Company (other than German Company) may change its name
upon at least 30 days prior written notice by Administrative Borrower to Agent of
such change and so long as, at the time of such written notification, such Company
provides any financing statements necessary to perfect and continue perfected
Agent’s Liens and (b) German Company may change its name upon prior written notice
by Administrative Borrower to Agent of such change.

          (j) Section 7.10 of the Loan Agreement shall be amended by replacing the reference to “UK
Company, German Company, Japan Company “ with “UK Company, German Company, Japan Company, Australia
Companies” and replacing the reference to “ UK Company’s, German Company’s, Japan Company’s “ with
“UK Company’s, German Company’s, Japan Company’s, Australia Companies’”.

          (k) Section 7.11 of the Loan Agreement shall be amended by replacing both references to “UK
Company’s, German Company’s, Japan Company’s “ with “UK Company’s, German Company’s, Japan
Company’s, Australia Companies’” .

          (l) Section 7.13 of the Loan Agreement shall be amended by replacing all references to “UK
Company, German Company, Japan Company “ with “UK Company, German Company, Japan Company, Australia
Companies”.

          (m) Subsection 7.18(b)(i) shall be amended by replacing the reference to “$4,000,000” with
“$4,500,000”.

          4. Ratification. This Amendment, subject to satisfaction of the conditions provided
below, shall constitute an amendment to the Loan Agreement and all of the Loan Documents as
appropriate to express the

-3-

 

agreements contained herein. In all other respects, the Loan Agreement and the Loan Documents
shall remain unchanged and in full force and effect in accordance with their original terms.

          5. Conditions to Effectiveness. This Amendment shall become effective as of the date
hereof and upon the satisfaction of the following conditions precedent:

          (a) Each party hereto shall have executed and delivered this Amendment to Agent;

          (b) Companies shall have delivered to Agent such documents, agreements and instruments as may
be requested or required by Agent in connection with this Amendment, each in form and content
acceptable to Agent, including, without limitation, a perfected pledge of the equity interests of
Australian Holding Company, effective under Australian law;

          (c) No Default or Event of Default shall have occurred and be continuing on the date hereof or
as of the date of the effectiveness of this Amendment; and

          (d) All proceedings taken in connection with the transactions contemplated by this Amendment
and all documents, instruments and other legal matters incident thereto shall be satisfactory to
Agent and its legal counsel.

          6. Miscellaneous.

          (a) Warranties and Absence of Defaults. In order to induce Agent to enter into this
Amendment, each Company hereby warrants to Agent, as of the date hereof, that the representations
and warranties of Companies contained in the Loan Agreement are true and correct as of the date
hereof as if made on the date hereof (other than those which, by their terms, specifically are made
as of certain dates prior to the date hereof).

          (b) Expenses. Companies, jointly and severally, agree to pay on demand all costs and
expenses of Agent (including the reasonable fees and expenses of outside counsel for Agent) in
connection with the preparation, negotiation, execution, delivery and administration of this
Amendment and all other instruments or documents provided for herein or delivered or to be
delivered hereunder or in connection herewith. All obligations provided herein shall survive any
termination of this Amendment and the Loan Agreement as amended hereby.

          (c) Governing Law. This Amendment shall be a contract made under and governed by the
internal laws of the State of Illinois.

          (d) Counterparts. This Amendment may be executed in any number of counterparts, and
by the parties hereto on the same or separate counterparts, and each such counterpart, when
executed and delivered, shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same Amendment.

          7. Release.

          (a) In consideration of the agreements of Agent and Lenders contained herein and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each
Company, on behalf of itself and its successors, assigns, and other legal representatives, hereby
absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent and
Lenders, and their successors and assigns, and their present and former shareholders, affiliates,
subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other
representatives (Agent, each Lender and all such other Persons being hereinafter referred to
collectively as the “Releasees” and individually as a “Releasee”), of and from all demands,
actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums
of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims,
defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and
collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both
at law and in equity, which such Company or any of its successors, assigns, or other legal
representatives may now or hereafter own, hold, have or claim to have against the Releasees or any
of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises
at any time on or prior to the day and date of this Amendment, including, without limitation, for
or on account of, or in relation to, or in any

-4-

 

way in connection with any of the Loan Agreement, or any of the other Loan Documents or
transactions thereunder or related thereto.

          (b) Each Company understands, acknowledges and agrees that the release set forth above may be
pleaded as a full and complete defense and may be used as a basis for an injunction against any
action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the
provisions of such release.

          (c) Each Company agrees that no fact, event, circumstance, evidence or transaction which could
now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute
and unconditional nature of the release set forth above.

-5-

 

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

	 	 	 
	 

	 	MIDWAY HOME ENTERTAINMENT INC.,
	 

	 	a Delaware corporation
	 
	 	 
	 

	 	MIDWAY AMUSEMENT GAMES, LLC,
	 

	 	a Delaware limited liability company
	 
	 	 
	 

	 	MIDWAY GAMES INC.,
	 

	 	a Delaware corporation
	 
	 	 
	 

	 	MIDWAY GAMES WEST INC.,
	 

	 	a California corporation
	 
	 	 
	 

	 	MIDWAY INTERACTIVE INC.,
	 

	 	a Delaware corporation
	 
	 	 
	 

	 	MIDWAY SALES COMPANY, LLC,
	 

	 	a Delaware limited liability company
	 
	 	 
	 

	 	MIDWAY HOME STUDIOS INC.,
	 

	 	a Delaware corporation
	 
	 	 
	 

	 	SURREAL SOFTWARE INC.,
	 

	 	a Washington corporation
	 
	 	 
	 

	 	MIDWAY STUDIOS – AUSTIN INC.,
	 

	 	a Texas corporation
	 
	 	 
	 

	 	MIDWAY STUDIOS – LOS ANGELES INC.,
	 

	 	a California corporation
	 
	 	 
	 

	 	MIDWAY STUDIOS – DALLAS INC.,
	 

	 	a Texas corporation
	 
	 	 
	 

	 	Each By /s/ Thomas E. Powell
	 	 	 

	 

	 	Title
       Executive Vice President – Finance and Chief Financial Officer
	 	 	 

	 
	 	 
	 

	 	WELLS FARGO FOOTHILL, INC.,
	 

	 	a California corporation, as Agent, as UK Security Trustee and as
 a Lender
	 
	 	 
	 

	 	By /s/ John Leonard
	 	 	 

	 

	 	Title Vice President
	 	 	 

Signature page to Consent and Twelfth Amendment to Loan and Security Agreement

-6-

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