Document:

Exhibit 10.23

 

 

THIRD AMENDMENT TO CREDIT AND SECURITY AGREEMENT

 

This
Third Amendment to Credit and Security Agreement is entered into as of March 12,
2010, by and between Real D, a
California corporation (“Borrower”) and City
National Bank, a national banking association (“CNB”).

 

RECITALS

 

A.                                    Borrower and
CNB are parties to that certain Credit and Security Agreement, dated as of July
26, 2007, as amended by that certain First Amendment to Credit and Security
Agreement dated as of August 18, 2009, and that certain Second Amendment
to Credit and Security Agreement dated as of November 6, 2009, (the Credit
and Security Agreement, as herein amended, hereinafter the “Credit Agreement”).

 

B.                                    Borrower and
CNB desire to supplement and amend the Credit Agreement as hereinafter set forth.

 

NOW, THEREFORE, the parties agree as
follows:

 

1.                                      Definitions.  Capitalized
terms used in this Amendment without definition shall have the meanings set
forth in the Credit Agreement.

 

2.                                      Amendments.  The Credit
Agreement is amended as follows:

 

2.1                               Section 1.53
of the Credit Agreement is amended by deleting the phrase “July  31, 2010” and inserting in its place and stead the phrase “December 31, 2010”

 

3.                                      Existing Agreement.  Except as
expressly amended herein, the Credit Agreement shall remain in full force and
effect, and in all other respects is affirmed.

 

4.                                      Conditions Precedent.  This Amendment
shall become effective upon the fulfillment of all of the following conditions
to CNB’s satisfaction:

 

4.1                               CNB shall have
received this Amendment duly executed by Borrower and acknowledged  by the
Guarantors.

 

5.                                      Counterparts.  This Amendment
may be executed in any number of counterparts, and all such counterparts taken
together shall be deemed to constitute one and the same instrument.

 

6.                                      Governing Law.  This Amendment
and the rights and obligations of the parties hereto shall be construed in
accordance with, and governed by the laws of the State of California.

 

1

 

IN WITNESS WHEREOF,  the
parties have executed this Amendment as of the day and year first above
written.

 

	
  “Borrower”

  	
  REAL
  D, a California
  corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Michael V. Lewis

  
	
   

  	
   

  	
  Michael V. Lewis,
  Chairman/CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  “CNB”

  	
  City
  National Bank, a
  national 

  
	
   

  	
  banking association

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Aaron Cohen

  
	
   

  	
   

  	
  Aaron Cohen, Senior
  Vice President

  

 

 

CONSENT
OF GUARANTORS:

 

The
undersigned have previously guaranteed the indebtedness of Real D, a California corporation owed to
CNB. The undersigned confirm that their respective guarantees and the security
given in connection therewith, if any, shall continue in full force and effect
and that each guaranty shall be a separate and distinct obligation and apply to
the indebtedness arising from the Credit Agreement as amended herein, subject
to the overall limitation as to the amount guaranteed.

 

 

	
  Stereographics
  Corporation, a California corporation

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Michael V. Lewis

  	
   

  
	
   

  	
  Michael V. Lewis, CEO

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Colorlink
  Inc., a
  Delaware corporation

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Michael V. Lewis

  	
   

  
	
   

  	
  Michael V. Lewis, CEO

  	
   

  

 

2amendedwarrant.htm

  

  

 

Exhibit 4.15

 

WARRANT AGREEMENT AMENDMENT

 

THIS WARRANT AGREEMENT AMENDMENT (the “Agreement”), dated as of December 17, 2009, is entered into by and among Raptor Pharmaceutical Corp. (the “Company”) and Flower Ventures, LLC (“Flower”).  Defined terms not otherwise defined herein shall have the meanings set forth in the Warrant Agreement (as defined below).

 

WHEREAS, Flower holds a warrant originally issued by Raptor Pharmaceuticals Corp. (“RPC”) on December 14, 2007, a copy of which is attached hereto as Exhibit A (as amended by the Warrant Acknowledgement, the “Warrant Agreement”);

 

WHEREAS, pursuant to the merger transaction described in the Company’s Current Report on Form 8-K filed on October 5, 2009, the Company assumed the Warrant Agreement;

 

WHEREAS, Flower has executed and delivered that certain Notice and Acknowledgement with respect to the Warrant Agreement and merger transaction, a copy of which is attached hereto as Exhibit B (the “Warrant Acknowledgement”); and

 

WHEREAS, the Company and Flower desire to amend the Warrant Agreement as set forth hereunder.

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Flower hereby agree as follows:

 

	
1.  

	
Amendment.  The following is added as new Section 19 of the Warrant Agreement:

 

“19.   Notwithstanding anything herein to the contrary, the Holder and the Corporation agree that the Holder shall not have the right to exercise this Warrant during the period commencing on December 17, 2009 until February 20, 2010.  Notwithstanding anything herein to the contrary, from and after February 20, 2010, the number of shares (the “Warrant Shares”) of Common Stock that may be acquired by the Holder upon any exercise of this Warrant (or otherwise in respect hereof) shall be limited to the extent necessary to ensure that, following such exercise (or other issuance), the total number of shares of Common Stock then beneficially owned by the Holder and its affiliates and any other persons whose beneficial ownership of Common Stock would be aggregated with the Holder’s for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), does not exceed 4.99% of the total number of issued and outstanding shares of Common Stock (including for such purpose the shares of Common Stock issuable upon such exercise).  For such purposes, beneficial ownership shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder.  Each delivery of an Exercise Form by the Holder will constitute a representation by the Holder that it has evaluated the limitation set forth in this Section and determined that issuance of the full number of Warrant Shares requested in such Exercise Form is permitted under this Section.  The Corporation’s obligation to issue shares of Common Stock in excess of the limitation referred to in this Section shall be suspended (and, except as provided below, shall not terminate or expire notwithstanding any contrary provisions hereof) until such time, if any, as such shares of Common Stock may be issued in compliance with such limitation and in no event later than 5:00 p.m., New York City time, on the last day of the Exercise Period.    By written notice to the Corporation, which will not be effective until the 61st day after such notice is delivered to the Corporation, the Holder may waive the provisions of this Section but only to change the beneficial ownership limitation to 9.9% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock upon exercise of this Warrant, and the provisions of this Section 19 shall continue to apply.  Upon such a change by a Holder of the beneficial ownership limitation from such 4.99% limitation to such 9.9% limitation, the beneficial ownership limitation may not be further waived by such Holder.”

 

	
2.  

	
Miscellaneous.

 

(a)           Except as expressly set forth above, all of the terms and conditions of the Warrant Agreement shall continue in full force and effect after the execution of this Agreement and shall not be in any way changed, modified or superseded by the terms set forth herein.

 

 (b)           This Agreement may be executed in two or more counterparts and by facsimile signature or otherwise, and each of such counterparts shall be deemed an original and all of such counterparts together shall constitute one and the same agreement.

(c)           This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without giving effect to its principles governing conflicts of law.

[SIGNATURE PAGE FOLLOWS]

LEGAL_US_W # 63493002.2

 

  

  

  

IN WITNESS WHEREOF, this Agreement is executed as of the date first set forth above.

 

RAPTOR PHARMACEUTICAL CORP.

 

By: /s/ Christopher M. Starr, Ph.D.

 

Name: Christopher M. Starr, Ph.D.

Title: Chief Executive Officer

 

 

FLOWER VENTURES, LLC

 

By: /s/ Nicholas Stergis

 

Name: Nicholas Stergis

Title: Managing Member

[Signature Page to Warrant Agreement Amendment]Exhibit 4.26

 

SEVENTH SUPPLEMENTAL INDENTURE

 

SEVENTH SUPPLEMENTAL
INDENTURE (this “Supplemental Indenture”), dated
as of March 24, 2010, among each of the entities listed on the signature page hereto
under the heading “New Guarantors” (each, a “New Guarantor”),
each of which is a subsidiary of NCO Group, Inc., a Delaware corporation (the  “Company”), the Company and The Bank of New York Mellon, as
successor to The Bank of New York, a New York banking corporation, as trustee
under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Company (as the
successor in interest to NCO Group, Inc., a Pennsylvania corporation) and
the existing Guarantors have heretofore executed and delivered to the Trustee
an indenture (as amended, supplemented or otherwise modified, the “Indenture”), dated as of November 15, 2006 providing
for the issuance of Floating Rate Senior Notes due 2013 (the “Notes”);

 

WHEREAS, Section 4.17
of the Indenture provides that under certain circumstances each New Guarantor
shall execute and deliver to the Trustee a supplemental indenture pursuant to
which the New Guarantors shall unconditionally guarantee all of the Company’s
obligations under the Notes and the Indenture on the terms and conditions set
forth herein (the “Note Guarantee”);
and

 

WHEREAS, pursuant to Section 9.01
of the Indenture, the Trustee, the Company and the existing Guarantors are
authorized to execute and deliver this Supplemental Indenture.

 

NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration,
the receipt of which is hereby acknowledged, each New Guarantor, the Company
and the Trustee mutually covenant and agree for the equal and ratable benefit
of the Holders of the Notes as follows:

 

1.                                       DEFINED TERMS.  Defined terms used herein without definition
shall have the meanings assigned to them in the Indenture.

 

2.                                       AGREEMENT TO
GUARANTEE.  Each New Guarantor hereby
agrees, jointly and severally with all other New Guarantors and all existing
Guarantors (if any), to provide an unconditional guarantee on the terms and
subject to the conditions set forth in Article 11 of the Indenture and to
be bound by all other applicable provisions of the Indenture and the Notes and
to perform all of the obligations and agreements of a Guarantor under the
Indenture.

 

3.                                       NO RECOURSE
AGAINST OTHERS.  No past, present or
future director, manager, officer, employee, incorporator, stockholder or
member of the Company, any parent entity of the Company or any Subsidiary, as
such, will have any liability for any obligations of the Company or the
Subsidiary Guarantors under the Notes, the Indenture, the Note Guarantees or
for any claim based on, in respect of, or by reason of, such obligations or
their creation.  Each 

 

 

Holder by accepting a Note waives and releases all
such liability.  The waiver and release
are part of the consideration for issuance of the Notes.  The waiver may not be effective to waive
liabilities under the federal securities laws.

 

4.                                       NOTICES.  All notices or other communications to a New
Guarantor shall be given as provided in Section 13.02 of the Indenture.

 

5.                                       RATIFICATION OF
INDENTURE; SUPPLEMENTAL INDENTURES PART OF INDENTURE.  Except as expressly amended hereby, the
Indenture is in all respects ratified and confirmed and all the terms,
conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part
of the Indenture for all purposes, and every holder of Notes heretofore or
hereafter authenticated and delivered shall be bound hereby.

 

6.                                       WAIVER.                                           Until the Notes
have been paid in full, each New Guarantor waives and agrees that it shall not
in any manner whatsoever claim or take the benefit or advantage of, any rights
of reimbursement, indemnity or subrogation or any other rights it may have
against the Company or any other Restricted Subsidiary that arise as a result
of any payment by such New Guarantor under this Supplemental Indenture.

 

7.                                       GOVERNING
LAW.  THIS INDENTURE, THE NOTES AND THE
NOTE GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK.

 

8.                                       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.

 

9.                                       EFFECT OF
HEADINGS.  The Section headings
herein are for convenience only and shall not affect the construction hereof.

 

10.                                 TRUSTEE MAKES
NO REPRESENTATION.  The Trustee makes no
representation as to the validity or sufficiency of this Supplemental
Indenture.  The recitals and statements
contained herein are deemed to be solely those of each New Guarantor and the
Company.

 

[SIGNATURE PAGE FOLLOWS]

 

2

 

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

 

	
  NCO
  GROUP, INC.

  	
   

  	
  NEW
  GUARANTORS:

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Michael J. Barrist

  	
   

  	
  NCOP
  XI, LLC

  
	
   

  	
  Name: Michael J. Barrist

  	
   

  	
  NCOP
  XII, LLC

  
	
   

  	
  Title:   President and Chief
  Executive Officer

  	
   

  	
   

  
	
   

  	
   

  	
  By:
  

  	
  /s/
  Albert Zezulinski

  
	
   

  	
   

  	
  Name:

  	
  Albert Zezulinski

  
	
  THE
  BANK OF NEW YORK MELLON,

  	
   

  	
  Title:

  	
  President
  and Chief Executive Officer of each of the above entities

  
	
  as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TOTAL
  DEBT MANAGEMENT, INC.

  
	
  By:

  	
  /s/
  Mary Miselis

  	
   

  	
   

  
	
   

  	
  Name: Mary Miselis

  	
   

  	
  By:
  

  	
  /s/
  Michael J. Barrist

  
	
   

  	
  Title:   Vice President

  	
   

  	
  Name:

  	
  Michael
  J. Barrist

  
	
   

  	
   

  	
  Title:

  	
  President
  and Chief Executive Officer

  
						

 

[Signature Page to Senior Supplemental Indenture]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}]]