Document:

exhibit10-1.htm

    
       

      SUBLEASE
TERMINATION AND RELEASE AGREEMENT

       

      This
Sublease Termination and Release Agreement (the “Agreement”)
is made and entered into as of June 10, 2009 (the “Effective
Date”) by and between BroadVision, Inc., a Delaware
corporation (“Sublandlord”), and Dexterra Inc., a Delaware
corporation  (“Subtenant”) in the following factual
context:

       

      A.           Sublandlord
leases certain premises consisting of approximately 50,000 rentable square feet
("RSF") in Building 6 (the "Building"), located at Pacific Shores Center, 1600
Seaport Boulevard, Redwood City, California 94060 pursuant to that certain
Triple Net Space Lease dated July 7, 2004 ("Master Lease"), between Pacific
Shores Investors, LLC as landlord and BroadVision, Inc. as the "Lessee". On or
about December 7, 2006, the Master Lease was assigned to VII Pac Shores
Investors, L.L.C., a Delaware limited liability company, c/o Starwood Capital
Group Global, L.L.C., 455 Market Street, Suite 2200, San Francisco, CA 94105 and
VII Pac Shores Investors L.L.C. replaced Pacific Shores Investors, LLC as the
"Lessor" in the Master Lease. Sublandlord is referred to as Lessee in the Master
Lease. The entire 50,000 RSF are more particularly described in the Master Lease
as the “Premises”.  Capitalized terms used but not defined herein have
the same meanings as they have in the Master Lease or the Sublease as
hereinafter defined.

       

      B.           Sublandlord
sublet to Subtenant, a portion of the Premises consisting of approximately
22,509 RSF on the 2nd floor of the Building pursuant to a sublease dated
December 21, 2006 (the “Sublease”)
covering the sublet premises more particularly described in the Sublease (the
“Subleased
Premises”) for a term of approximately sixty-six (66) months from January
8, 2007 (“Commencement Date”) with right of early termination at the end of the
thirty-sixth (36th) month from the Commencement Date, upon six (6) months prior
written notice to Sublandlord and payment of a fee equal to the sum of an
additional three (3) month’s Base Rent.

       

      C.           Subtenant
exercised the right of early termination on May 22, 2009.

       

      D.           Sublandlord
and Subtenant now desire to terminate the Sublease prior to the end of the
thirty-sixth (36th) month
on the terms and conditions set forth in this Agreement.

       

      NOW
THEREFORE, Sublandlord and Subtenant (collectively referred to as the “Parties”
or individually as “Party”)
agree as follows:

       

      1.           Lease
Termination.  Subject to Subtenant’s performance of its
obligations under this Agreement, Sublandlord and Subtenant agree to terminate
the Sublease effective as of June 4, 2009 (the “Termination
Date”).  Subtenant shall surrender to Sublandlord the Subleased
Premises and all of Subtenant's right, title and interest in and to the Sublease
as of the Termination Date.

       

      2. Acceptance of
Premises.  Sublandlord shall accept surrender of the Subleased
Premises in “as-is” condition with any and all furniture, fixtures, wiring, and
other items Subtenant elects to leave in the Subleased Premises and further will
waive all late fees and any other charges associated therewith as may be
available to Sublandlord pursuant to the terms of the Sublease.

       

      3.           Termination Fee.  In
consideration for the termination of the Sublease, and in full satisfaction of
all outstanding obligations of Sublandlord and Subtenant under the Sublease:
Subtenant shall pay Sublandlord the sum of $550,405.40 (the “Termination
Fee”).  The Termination Fee has been calculated and shall be paid as
set forth in Section I
and Section II of Exhibit
A.

       

      4.           Rent.  Upon delivery
of the Termination Fee in accordance with Section II of Exhibit A, Sublandlord
shall be deemed to have released Subtenant as of the Termination Date from all
claims for rent, additional rent, tenant improvement costs, management fees,
common area maintenance costs, real property taxes and impositions, insurance
premiums, late charges, interest, and taxes due and payable after the
Termination Date, and all other obligations arising under the Sublease after the
Termination Date.

       

      5.           Security Deposit. Subtenant’s
Security Deposit has been applied in the calculation of the Termination Fee as
set forth in calculations in Section I
of Exhibit A.

       

      6.           Partial Termination Fee Refund to
Subtenant Upon Sublandlord’s Re-Subleasing of Subleased
Premises.  In the event Sublandlord subleases the Subleased
Premises to another lessor prior to January 7, 2010, Sublandlord agrees to
refund to Subtenant a portion of the Termination Fee as set forth in Section
III of Exhibit A.

       

      7.           Mutual
Release.  Subject to delivery of the Termination Fee in
accordance with Section II of Exhibit A,  for good and valuable
consideration, the receipt of which is hereby acknowledged, each Party, on
behalf of itself and its officers, directors, shareholders, employees,
attorneys, insurers, agents, representatives, successors and assigns
(collectively, “Releasors”),
hereby intentionally and unconditionally fully releases, acquits and forever
discharges the other Party, its officers, directors, shareholders, employees,
attorneys, insurers, agents, representatives, successors and assigns
(collectively, “Releasees”),
from all or any manner of rights, claims, demands, actions in law or equity,
obligations, damages, debts and liabilities, of any kind or nature whatsoever,
whether known or unknown, whether now existing or hereinafter arising, suspected
or claimed, liquidated or unliquidated, accrued or unaccrued, fixed or
contingent (collectively, the “Claims”)
from or relating in any manner to the Lease or the Sublease (the “Release”).  Each
Party understands and expressly waives any rights or benefits available to it
under Section 1542 of the Civil Code of California or any similar provision in
any other jurisdiction.  Section 1542 provides substantially as
follows:

       

       

      CIVIL
CODE 1542: A general release does not extend to claims which the creditor does
not know or suspect to exist in his or her favor at the time of executing the
release, which if known by him or her must have materially affected his or her
settlement with the debtor.

       

      8.           Voluntary and Knowledgeable Granting
of Release.  Each Releasor hereby declares that it knows and
understands the contents of the Release, that it has been recommended that it
seek advice from its own attorneys with respect to its rights and obligations
and with respect to the execution of the Release and this Agreement, and that
the Release and this Agreement have been executed voluntarily by
it.  Each Releasor understands and agrees that after signing this
Release it cannot proceed against Releasees with respect to any
Claims.

       

      9.      General
Provisions.

       

      9.1               Right and Authority to Give
Release.  The Parties each represent and warrant to the other
that as of the date of execution of this Agreement it has the sole right and
authority to execute this Agreement on behalf of itself and has not assigned,
transferred, conveyed, or otherwise disposed of any Claim surrendered by virtue
of this Agreement.

       

      9.2               Entire
Agreement.  This Agreement, and all exhibits attached hereto,
sets forth the entire understanding of the Parties relating to the lease
termination it contemplates, and supersedes all prior understandings, whether
written or oral.  There are no obligations, commitments,
representations or warranties relating to them except those expressly set forth
in this Agreement.

       

      9.3               Waiver/Modification/Amendment.  No
purported amendment of this Agreement, or waiver, discharge or termination of
any obligation under it, or anything else which purports to affect its terms or
interpretation, shall be enforceable or admissible unless, and then only to the
extent, expressly set forth in a writing signed by the Party against which
enforcement or admission is sought.  Without limiting the generality
of the foregoing, no oral promise or statement, nor any action, inaction, delay,
failure to require performance or course of conduct shall operate as, or
evidence, an amendment or waiver or have any other effect on this
Agreement.  Any waiver granted shall be limited to the specific
circumstance expressly described in it, and shall not apply to any subsequent or
other circumstances, whether similar or dissimilar, or give rise to, or
evidence, any obligation or commitment to grant any further waiver.

       

      9.4               Binding
Agreement.  This Agreement shall be binding upon and inure to
the benefit of the Parties and each and all of their respective officers,
directors, employees, shareholders, agents, attorneys, predecessors, successors,
assigns, parents, subsidiaries, divisions and affiliates of any kind, and each
of them, as if they were Parties hereto.

       

      9.5               Applicable
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of California applicable to contracts made
and to be performed in California.

       

      9.6               Construction of
Agreement.  For purposes of construction, this Agreement, and
each provision or clause of this Agreement, shall be deemed to have been jointly
drafted by both Parties, and any uncertainty or ambiguity existing herein, shall
not be interpreted against either Party, but shall be interpreted according to
the rules of interpretation of contracts.

       

      9.7               Headings.  The
headings in this Agreement are for purposes of reference only and shall not
limit, enlarge or otherwise affect any term or provision of this
Agreement.

       

      9.8               Severability.  The
provisions of this Agreement are severable.  If any provision or term
of this Agreement or its application to any entity or circumstance shall be held
by a court of competent jurisdiction to be invalid or unenforceable, the
remainder of this Agreement shall not be affected and every other provision of
the Agreement shall be enforced to the fullest extent permitted by
law.

       

      9.9               Attorneys’ Fees.  In
the event that any Party shall institute any action or proceeding against the
other relating to the provisions of this Agreement, or any default hereunder,
the Party or Parties not prevailing in the action or proceeding shall reimburse
the prevailing Party for all reasonable attorneys’ fees and all costs or
disbursements incurred in connection therewith by the prevailing Party
including, without limitation, any fees, costs or disbursements incurred on any
appeal from the action or proceeding.

       

      9.10               Counterparts.  This
Agreement may be executed simultaneously in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.  This Agreement may be executed and
delivered by the exchange of facsimile, .pdf or other electronic image file
copies of the executed counterpart signature pages, which shall be considered
the equivalent of ink signature pages for all purposes.

       

       

      IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date
first written above.

       

      

      
        	 
      	
                BROADVISION,
      INC., a Delaware corporation

              
	 
      	
                By:

                Name:

                Its:

              
	 
      	
                DEXTERRA,
      INC., a Delaware corporation

              
	 
      	
                By:

                Name:

                Its:

              

      

       

      

       

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

       

      EXHIBIT
A

       

      TERMINATION
FEE

       

      

      I.
Termination Fee Calculation

      

      Rent:
 April 1 - Jan 7  -
                                $687,923.40

      Less:
 Security Deposit -
                             $127,518.00

      Less:
 Concession   -
                                    $10,000.00

      

      

      Total:$550,405.40

       

      
        	
                II.  

              	
                Termination
      Fee Payment Schedule:

              

      

       

      

      A.
$472,000.00 due and payable to Sublandlord on 6/10/09 (the “Payment
Date”)

      
        	
                 
      

              	
                B.
      Balance of $78,405.40 (the “Contingent Payment”) due and payable to
      Sublandlord on the one year anniversary of the Payment Date.  The
      Contingent Payment to be from the Escrow Amount (but not the Special
      Escrow Amount) related to the acquisition of Subtenant by Antenna
      Software, Inc. (“Buyer”) (the term “Escrow Amount” is defined in that
      certain Escrow Agreement between Subtenant, Buyer and the other parties
      thereto dated on or about June 9, 2009 and represents the $750,000 primary
      escrow fund related to the acquisition) or if the Dexterra Stakeholder
      Representative so elects, from such other funds available to the Dexterra
      Stakeholder Representative.  Sublandlord will be the first party to
      receive payment from the Escrow Amount after the release of such
      escrow funds by Buyer (or the Escrow Agent), if any. 
      Sublandlord acknowledges that in the event indemnity claims by a Buyer
      Group Member (as defined below and in the Merger Agreement) sufficiently
      deplete or exhaust the Escrow Amount, regardless of any other funds
      available to the Dexterra Stakeholder Representative, Sublandlord shall
      not receive some or all of the Contingent Payment (and for purposes of
      clarification, such failure to receive some or all of the Contingent
      Payment shall not affect the release set forth in Section 7 or the
      termination of the sublease set forth in Section 1).  Subtenant
      will provide Sublandlord a copy of the Escrow Agreement indicating
      Sublandlord’s priority within 10 days of execution of this
      Agreement.  Capitalized terms in this paragraph not otherwise
      defined have the meaning set forth in the Escrow
  Agreement.

              

      

      

      All
references to “Buyer” shall include the subsidiary of Buyer with whom Subtenant
is merging pursuant to the Merger Agreement with Subtenant as the surviving
corporation.

       

      “Buyer Group Member”
means (i) Buyer, its subsidiaries and each of their respective affiliates
(including, after the effective time of the merger, the surviving corporation
and its subsidiaries), (ii) their respective successors and assigns and (iii)
their respective directors and officers.

       

      

      All
payments to be made according to the following instructions by wire transfer for
receipt on or before the due dates set forth above:

      

      
        	
                 
      

              	
                To:  Citibank
      N.A.

              

      

      
        	
                 
      

              	
                        702
      Marshall Street, Suite 100

              

      

      
        	
                 
      

              	
                        Redwood
      City, CA 94063, USA

              

      

      
        	
                 
      

              	
                        Routing
      & Transit #: 321171184

              

      

      
        	
                 
      

              	
                        For
      further credit to BroadVision. Inc. A/C
  202046322

              

      

      

      III.
 Termination Fee Refund on Re-Subleasing the Sublease Premises
Parameters:

      

      
        	
                A.  

              	
                Higher of: (i) Actual
      rent charged new subtenant during Overlap Period (New Lease Commencement
      Date through Jan 7, 2010), and (ii) average rent charged new subtenant
      during Overlap Period, calculated as total rent due over the entire term
      divided by new lease term (in months) multiplied by number of months in
      Overlap Period;

              

      

      
        	
                 
      

              	
                                      

              

      

      
        	
                 
      

              	
                Less:

              

      

      

      
        	
                B.  

              	
                Allocated
      broker commission paid to re-sublease premises, calculated as broker
      commission paid divided by term (in months) of new lease multiplied by
      number of months in Overlap Period

              

      

      

      Less:

      

      C.
 An administration fee equal to 10% of (A - B)

      

      Less:

      

      D.  $10,000,
which is the Concession amount in Section I of this Exhibit.

      

      Less:

      

      E. Unpaid
portion of Contingent Paymentex10-534_1357795.htm

    Exhibit
10.53.4

     

    FOURTH
AMENDMENT

     

    FOURTH
AMENDMENT (the “Amendment”), dated as
of May 4, 2009 (the “Amendment Date”) and
effective as of March 31, 2009 (the “Effective Date”),
with respect to that certain Credit Agreement, dated as of August 1, 2006 (as
amended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”),
among Christie/AIX, Inc., a Delaware corporation (the “Borrower”), the Lenders
and General Electric Capital Corporation, a Delaware corporation (“GE Capital”),
as the administrative agent and collateral agent for the Lenders (in such
capacity, the “Administrative
Agent”).

     

    W I T N E
S S E T H:

     

    WHEREAS,
the Borrower, the Lenders and the Administrative Agent are parties to the Credit
Agreement;

     

    WHEREAS,
the Borrower has requested that the Lenders agree to amend the Credit Agreement
to, among other things, (a) reduce the amount of the Interest Reserve and (b)
amend certain financial covenants;

     

    WHEREAS,
the Lenders are willing to agree to the requested amendments on the terms and
conditions contained herein;

     

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

     

    1.           Definitions. Unless
otherwise defined herein, terms defined in the Credit Agreement shall have their
defined meanings when used herein.

     

    2.           Amendment to Credit
Agreement.

     

    (a)           As
of the Amendment Date, Section 1.1 of the Credit Agreement shall be amended to
add the following new definitions in the correct alphabetical
order:

     

    “Fourth  Amendment”
means that certain Fourth Amendment, dated as of May 4, 2009 and effective as of
March 31, 2009, among the Borrower, the Lenders party thereto and the
Administrative Agent.

     

    “Fourth Amendment
Effective
Date” means May 4, 2009.

     

    “Unrestricted Cash”
means the result of (a) value of cash on hand and Cash Equivalents available to
the Borrower which are not subject to any Lien or collateral or escrow
arrangements to or in favor of any Person other than the Administrative Agent
less (b) the
amount of the Interest Reserve.

     

    
      
        
          -1- 

        

         

      

      
         

        
          

        

      

      
         

      

    

    (b)           As
of the Amendment Date, the definition of “Applicable Margin” set forth in
Section 1.1 of the Credit Agreement shall be amended by deleting the table
contained therein in its entirety and substituting the following table in lieu
thereof:

     

    
      
        
          	
                  LEVEL

                	
                  TOTAL
      EQUITY RATIO

                	
                  BASE
      RATE LOANS

                	
                  EURODOLLAR
      RATE LOANS

                
	
                  I

                	
                  Less
      than 40%

                	
                  5.00%

                	
                  6.00%

                
	
                  II

                	
                  Less
      than 50% and
      equal to or greater than 40%

                	
                  4.75%

                	
                  5.75%

                
	
                  III

                	
                  Less
      than 60% and equal to or greater than 50%

                	
                  4.50%

                	
                  5.50%

                
	
                  IV

                	
                  Equal
      to or greater than 60%

                	
                  4.25%

                	
                  5.25%

                

        

      

    

    

     

    (c)           As
of the Amendment Date, the definition of “Base Rate” set forth in Section 1.1 of
the Credit Agreement shall be deleted in its entirety and the following
substituted in lieu thereof:

     

    “Base Rate” means, at
any time, a rate per annum equal to the highest of(a) the rate last quoted by
The Wall Street Journal as the “base rate on corporate loans posted by at least
75% of the nation’s
largest banks” in the United States or, if The Wall Street Journal ceases to
quote such rate, the highest per annum interest rate published by the Federal
Reserve Board in Federal Reserve Statistical Release H. 15 (519) (Selected Interest
Rates) as the “bank prime loan” rate or, if such rate is no longer quoted
therein, any similar rate quoted therein (as determined by the Administrative
Agent) or any similar release by the Federal Reserve Board (as determined by the
Administrative Agent), (b) the sum of 3.0% per annum and the Federal Funds Rate
and (c) the sum of(x) Eurodollar Base Rate for an Interest Period of 3 months,
plus (y) the excess of the Applicable Margin for Eurodollar Rate Loans over the
Applicable Margin for Base Rate Loans, in each instance, as of such
day.

     

    (d)           As
of the Amendment Date, the definition of “Consolidated Cash Interest Expense”
set forth in Section
1.1 of the Credit Agreement shall be deleted in its entirety and the
following substituted in lieu thereof:

     

    “Consolidated Cash Interest
Expense” means, with respect to any Person for any period, the
Consolidated Interest Expense of such Person for such period less the sum of, in
each case to the extent included in the definition of Consolidated Interest
Expense, (a) the amortized amount of debt discount and debt issuance costs, (b)
charges relating to write-ups or write-downs in the book or carrying value of
existing Consolidated Total Debt, (c) interest payable in evidences of
Indebtedness or by addition to the

     

    
      
        
          
            -2- 

          

           

        

        
           

          
            

          

        

        
           

        

      

    principal
of the related Indebtedness, (d) other non-cash interest and (e) any’ amendment
fee paid by the Borrower in connection with the Fourth Amendment.

     

    (e)           As
of the Amendment Date, the definition of “Eurodollar Base Rate” set forth in
Section 1.1 of
the Credit Agreement shall be deleted in its entirety and the following
substituted in lieu thereof:

     

    “Eurodollar Base Rate”
means, with respect to any Interest Period for any Eurodollar Rate Loan, the
rate determined by the Administrative Agent to be the offered rate for deposits
in Dollars for the applicable Interest Period appearing on the Dow Jones Markets
Telerate Page 3750 as of 11:00 am. (London time) on the 2nd full Business Day
preceding the first day of each Interest Period. In the event that such rate
does not appear on the Dow Jones Markets Telerate Page 3750 (or otherwise on the
Dow Jones Markets screen) at such time, the “Eurodollar Base Rate” shall be
determined (a) in the case of Secured Hedging Reimbursement Obligations, by such
other method to determine the cost of funds of the applicable Secured Hedging
Counterparty as may be selected by such Secured Hedging Counterparty in its sole
discretion, and (b) otherwise, by reference to such other comparable service for
displaying the offered rate for deposit in Dollars in the London interbank
market as may be selected by the Administrative Agent; provided that in no event
shall the Eurodollar Base Rate be less than 2.5% per annum.

     

    (f)           As
of the Amendment Date, the definition of “Interest Reserve” set forth in Section 1.1 of the
Credit Agreement shall be deleted in its entirety and the following substituted
in lieu thereof:

     

    “Interest Reserve”
means an amount equal to $6,900,000.

     

    (g)           As
of the Effective Date, Section 5.1 of the Credit Agreement shall be deleted in
its entirety and the following shall be substituted in lieu
thereof:

     

    Section
5.1    Maximum Leverage
Ratios.

     

    (a)           Maximum Consolidated
Leverage Ratio. The Borrower shall not have, during any Fiscal Quarter
set forth below, a Consolidated Leverage Ratio greater than the maximum ratio
set forth opposite the applicable Fiscal Quarter:

     

    
      
        	 
      	
                Fiscal
      Quarter Ending

              	
                Maximum
      Consolidated Leverage

                Ratio

              
	 
      	
                June
      30, 2007

              	
                14.0
      to 1

              
	 
      	
                September
      30, 2007

              	
                9.5 to
    I

              

      

    

    

    
      
        
          -3-

        

         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                Fiscal
      Quarter Ending

              	
                Maximum
      Consolidated Leverage

                Ratio

              
	 
      	
                December
      31, 2007

              	
                7.75
      to 1

              
	 
      	
                March
      31, 2008

              	
                6.5
      to 1

              
	 
      	
                June
      30, 2008

              	
                5.25
      to l

              
	 
      	
                September
      30, 2008

              	
                4.75
      to 1

              
	 
      	
                December
      31, 2008

              	
                4.25
      to 1

              
	 
      	
                March
      31, 2009

              	
                4.5
      to 1

              
	 
      	
                June
      30, 2009

              	
                4.5
      to 1

              
	 
      	
                September
      30, 2009

              	
                4.5
      to 1

              
	 
      	
                December
      31, 2009

              	
                4.5
      to 1

              
	 
      	
                March
      31, 2010

              	
                4.5
      to I

              
	 
      	
                June
      30, 2010

              	
                4.25
      to I

              
	 
      	
                September
      30, 2010

              	
                4.25
      to 1

              
	 
      	
                December
      31, 2010

              	
                4.0
      to 1

              
	 
      	
                March
      31, 2011

              	
                3.75
      to 1

              
	 
      	
                June
      30, 2011

              	
                3.5
      to 1

              
	 
      	
                September
      30, 2011

              	
                3.25
      to 1

              
	 
      	
                December
      31, 2011

              	
                3.0
      to 1

              
	 
      	
                March
      31, 2012

              	
                2.75
      to1

              
	 
      	
                June
      30, 2012

              	
                2.5
      to l

              
	 
      	
                September
      30, 2012

              	
                2.25
      to 1

              
	 
      	
                December
      31, 2012

              	
                2.0
      to 1

              
	 
      	
                March
      3l, 2013

              	
                l.75
      to 1

              
	 
      	
                June
      30, 2013

              	
                1.75
      to 1

              

      

    

    

    (b)           Maximum Consolidated Senior
Leverage Ratio.  The Borrower shall not have, during any Fiscal
Quarter set forth below, a Consolidated Senior Leverage Ratio greater than the
maximum ratio set forth opposite the applicable Fiscal Quarter:

     

    
      
        	 
      	
                Fiscal
      Quarter Ending

              	
                Maximum
      Consolidated Senior

                Leverage
      Ratio

              
	 
      	
                June
      30, 2007

              	
                10.5
      to l

              
	 
      	
                September
      30,2007

              	
                9.0
      to 1

              
	 
      	
                December
      31, 2007

              	
                7.5
      to l

              

      

    

    

    
      
        
          -4-

        

         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                Fiscal
      Quarter Ending

              	
                Maximum
      Consolidated Senior

                Leverage
      Ratio

              
	 
      	
                March
      31, 2008

              	
                6.25
      to 1

              
	 
      	
                June
      30, 2008

              	
                5.0
      to 1

              
	 
      	
                September
      30, 2008

              	
                4.5
      to 1

              
	 
      	
                December
      31, 2008

              	
                4.25
      to 1

              
	 
      	
                March
      31, 2009

              	
                4.25
      to 1

              
	 
      	
                June
      30, 2009

              	
                4.25
      to 1

              
	 
      	
                September
      30, 2009

              	
                4.25
      to 1

              
	 
      	
                December
      31, 2009

              	
                4.25
      to 1

              
	 
      	
                March
      31, 2010

              	
                4.0
      to 1

              
	 
      	
                June
      30, 2010

              	
                4.0
      to 1

              
	 
      	
                September
      30, 2010

              	
                3.75
      to 1

              
	 
      	
                December
      31, 2010

              	
                3.75
      to 1

              
	 
      	
                March
      31, 2011

              	
                3.5
      to 1

              
	 
      	
                June
      30, 2011

              	
                3.25
      to 1

              
	 
      	
                September
      30, 2011

              	
                3.0
      to 1

              
	 
      	
                December
      31, 2011

              	
                2.75
      to 1

              
	 
      	
                March
      31, 2012

              	
                2.5
      to 1

              
	 
      	
                June
      30, 2012

              	
                2.25
      to 1

              
	 
      	
                September
      30, 2012

              	
                2.0
      to 1

              
	 
      	
                December
      31, 2012

              	
                1,75
      to 1

              
	 
      	
                March
      31, 2013

              	
                1.5
      to 1

              
	 
      	
                June
      30, 2013

              	
                1.5
      to 1

              

      

    

    

    (h)           As
of the Effective Date, Section 5.2 of the
Credit Agreement shall be deleted in its entirety and the following shall be
substituted in lieu thereof:

     

    Section
5.2      Minimum Consolidated Fixed
Charge Coverage Ratio. The Borrower shall not have, on the last day of
any Fiscal Quarter set forth below, a Consolidated Fixed Charge Coverage Ratio
less than the minimum ratio set forth opposite the applicable Fiscal
Quarter:

     

    
      
        
          -5-

        

         

      

      
         

        
          

        

      

      
         

      

    

    
      
        	 
      	
                Fiscal
      Quarter Ending

              	
                Minimum
      Consolidated Fixed Charge Coverage Ratio

              
	 
      	
                June
      30, 2007

              	
                1.25
      to 1

              
	 
      	
                September
      30, 2007

              	
                1.25
      to 1

              
	 
      	
                December
      31, 2007

              	
                1.25
      to 1

              
	 
      	
                March
      31, 2008

              	
                1.25
      to 1

              
	 
      	
                June
      30, 2008

              	
                1.25
      to 1

              
	 
      	
                September
      30, 2008

              	
                1.25
      to 1

              
	 
      	
                December
      31, 2008

              	
                1.25
      to 1

              
	 
      	
                March
      31, 2009

              	
                1.25
      to 1

              
	 
      	
                June
      30, 2009

              	
                1.15
      to 1

              
	 
      	
                September
      30, 2009

              	
                1.05
      to 1

              
	 
      	
                December
      31, 2009

              	
                1.03
      to 1

              
	 
      	
                March
      31, 2010

              	
                1.0
      to 1

              
	 
      	
                June
      30, 2010

              	
                1.0
      to 1

              
	 
      	
                September
      30, 2010

              	
                1.0
      to 1

              
	 
      	
                December
      31,2010

              	
                1.0
      to 1

              
	 
      	
                March
      31, 2011

              	
                1.0
      to 1

              
	 
      	
                June
      30, 2011

              	
                1.0
      to 1

              
	 
      	
                September
      30, 2011

              	
                1.0
      to 1

              
	 
      	
                December
      31, 2011

              	
                1.0
      to 1

              
	 
      	
                March
      31, 2012

              	
                1.0
      to 1

              
	 
      	
                June
      30, 2012

              	
                1.0
      to 1

              
	 
      	
                September
      30, 2012

              	
                1.0
      to 1

              
	 
      	
                December
      31, 2012

              	
                1.0
      to 1

              
	 
      	
                March
      31, 2013

              	
                1.0
      to 1

              
	 
      	
                June
      30, 2013

              	
                1.0
      to 1

              

      

    

    

    (i)           As
of the Amendment Date, the Credit Agreement shall be amended to add the
following new Section 5.5 immediately following Section 5.4:

     

    Section 5.5 Minimum Unrestricted
Cash. The Borrower shall at all times maintain Unrestricted Cash of not
less than $2,000,000.

     

    (j)           As
of the Amendment Date, Section 6.1 of the Credit Agreement shall be amended to
add the following new clause (n) immediately following clause (m)
thereof:

     

    
      
        
          
            -6-

          

        

         

      

      
         

        
          

        

      

      
         

      

    

    (n)           Unutilized Digital
Systems. Together with each delivery of any Compliance Certificate
pursuant to clause
(d) above, a summary listing all Digital Systems that have been installed
but are no longer being utilized and discussing the location of all such
unutilized Digital Systems and the reason such Digital Systems are no longer
being utilized.

     

    (k)           As
of the Amendment Date, Section 7.13 of the Credit Agreement shall be amended to
add the following new clause (k) immediately following clause (j)
thereof:

     

    (k)           Not
later than ninety (90) days after the Fourth Amendment Effective Date (or such
later date as the Administrative Agent may agree in writing), the Borrower shall
enter into an agreement with Access IT relating to corporate overhead and other
services provided by Access IT to the Borrower, which agreement shall be in form
and substance reasonably satisfactory to Access IT and the Required
Lenders.

     

    (1)           As
of the Amendment Date, Section 8.5(d) of the Credit Agreement
shall be deleted in its entirety and the following shall be substituted in lieu
thereof:

     

    (d)           in
the event the Borrower shall have entered into a Digital Cinema Deployment
Agreement with Paramount after the Closing Date but on or before March 31, 2007,
the Borrower may make Restricted Payments to Holdings not otherwise permitted
hereby in the form of a redemption or repurchase of its Stock in an aggregate
amount not to exceed $13,200,000; provided that (x) no Default or Event of
Default shall have occurred and be continuing or would result therefrom and (y)
no Restricted Payments may be made by the Borrower under this Section 8.5(d) on
or after the Fourth Amendment Effective Date;

     

    (m)           As
of the Amendment Date, Section 8.5 of the Credit Agreement shall be amended to
(i) delete the word “and” at the end of clause (e) thereof, (ii) to replace the
period at the end of clause (f) thereof with the phrase “; and” and (iii) to
insert the following new clause (g) immediately succeeding clause (1)
thereof:

     

    (g)           within
30 days after the Fourth Amendment Effective Date, the Borrower may make a
one-time Restricted Payment to Holdings in an amount equal (i) to the difference
between (x) the amount equal to the “Interest Reserve” in effect immediately
prior to the Fourth Amendment Effective Date and (y) the amount equal to the
Interest Reserve calculated on the Fourth Amendment Effective Date less (ii) the
amendment fee paid by the Borrower in connection with the Fourth Amendment;
provided that (x) in no event shall the aggregate amount of such Restricted
Payment 

     

    
      
        
          
            
              -7-

            

          

           

        

        
           

          
            

          

        

        
           

        

      

    

     

    exceed
$2,600,000 and (y) no Default or Event of Default shall have occurred and be
continuing or would result therefrom.

    

       3.           Representations and
Warranties. In order to induce the Administrative Agent and the Lenders
to enter into this Amendment, the Loan Parties hereby represent and warrant to
the Administrative Agent and the Lenders that (a) the representations and
warranties of the Loan Parties contained in the Credit Agreement and the other
Loan Documents are true and correct in all material respects on and as of the
date hereof (after giving effect hereto), except where such representations and
warranties expressly relate to an earlier date in which case such
representations and warranties were true and correct in all material respects as
of such earlier date and (b) no Default or Event of Default has occurred and is
continuing.

       

    

    4.           Conditions to
Effectiveness. This Amendment shall be effective on the date when the
following conditions shall have occurred:

     

    (a)           the
Administrative Agent shall have executed this Amendment and shall have received
counterparts hereof, duly executed and delivered by the Borrower, Holdings and
the Required Lenders;

     

    (b)           no
Default of Event of Default shall have occurred and be continuing;

     

    (c)           the
Borrower shall have paid to the Administrative Agent, for the ratable benefit of
the Lenders executing this Amendment on or prior to 5:00 p.m. Eastern time on
May 1, 2009, an amount equal to 0.50% of the aggregate
principal amount of the Commitments of such Lenders;

     

    (d)           the
Borrower shall have paid to the Administrative Agent, for the benefit of the
Administrative Agent, a work fee in an amount equal to $100,000;
and

     

    (e)           the
Borrower shall have paid all fees and expenses of Administrative Agent’s
counsel, Fulbright & Jaworski L.L.P., owing to date.

     

    5.           Reference to Credit
Agreement. Upon the effectiveness of this Amendment, each reference in
the Credit Agreement to “this Agreement,” “hereunder,” or words of like or
similar import shall mean and be a reference to the Credit Agreement, as
modified and amended by this Amendment.

     

    6.           Governing Law and
Jurisdiction. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HERETO SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     

    7.           Expenses. The
Borrower agrees to pay and reimburse the Administrative Agent for all its
reasonable costs and expenses incurred in connection with the preparation and
delivery of this Amendment, including, without limitation, the reasonable fees
and disbursements of counsel to the Administrative Agent.

     

    
      
        
          
            -8- 

          

        

         

      

      
         

        
          

        

      

      
         

      

    

    8.           Headings. Section
headings in the Amendment are included herein for convenience of reference only
and shall not constitute a part of this Amendment for any other
purpose.

     

    9.           Counterparts. This
Amendment may be executed by the parties hereto in any number of separate
counterparts (including by facsimile transmission) and all of such counterparts
taken together shall be deemed to constitute one and the same
instrument.

     

    10.           Successors and Assigns. This
Amendment shall be binding upon and inure to the benefit of the Borrower,
Holdings and their respective successors and assigns, and upon the
Administrative Agent and the Lenders and their respective successors and
assigns.

     

    11.           Continuing Effect.
Except as expressly amended hereby, the Credit Agreement, as amended by this
Amendment, shall continue to be and shall remain in full force and effect in
accordance with its terms. This Amendment shall not constitute an amendment or
waiver of any provision of the Credit Agreement not expressly referred to herein
and shall not be construed as an amendment, waiver or consent to any action on
the part of the Borrower that would require an amendment, waiver or consent of
the Administrative Agent or the Lenders except as expressly stated herein. Any
reference to the “Credit Agreement” in the Loan Documents or any related
documents shall be deemed to be a reference to the Credit Agreement as amended
by this Amendment. The Amendment constitutes a Loan Document.

     

    12.           NO ORAL AGREEMENTS.
THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS EMBODY THE ENTIRE AGREEMENT OF THE
PARTIES AND SUPERSEDE ALL PRIOR AGREEMENTS AND UNDERSTANDINGS RELATING TO THE
SUBJECT MATTER THEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

     

    13.           General Waiver and
Release.  IN ADDITION, TO
INDUCE ADMINISTRATIVE AGENT AND
LENDERS TO AGREE TO THE TERMS OF THIS AMENDMENT, THE LOAN PARTIES (BY THEIR
EXECUTION BELOW) REPRESENT AND WARRANT THAT AS OF THE DATE OF THEIR EXECUTION OF
THIS AMENDMENT THERE ARE NO CLAIMS OR OFFSETS AGAINST OR DEFENSES OR
COUNTERCLAIMS TO THEIR RESPECTIVE OBLIGATIONS UNDER THE CREDIT AGREEMENT, THIS
AMENDMENT OR THE OTHER LOAN DOCUMENTS.
NOTWITHSTANDING THE FOREGOING, IN THE EVENT THERE EXIST ANY SUCH CLAIMS OR
OFFSETS AGAINST OR DEFENSES OR COUNTERCLAIMS, THE LOAN PARTIES (BY THEIR
EXECUTION BELOW) HEREBY:

     

    (A)           FOREVER
GENERALLY WAIVE ANY AND ALL CLAIMS, OFFSETS, DEFENSES AND/OR COUNTERCLAIMS,
WHETHER KNOWN OR UNKNOWN, ARISING ON OR PRIOR TO THE DATE OF THEIR EXECUTION OF
THIS AMENDMENT; AND

     

    (B)           FOREVER
RELEASE, ACQUIT AND DISCHARGE THE RELEASED PARTIES FROM ANY AND ALL OBLIGATIONS,
INDEBTEDNESS, LIABILITIES,

     

    
      
        
          -9-

        

         

      

      
         

        
          

        

      

      
         

      

    

    CLAIMS,
RIGHTS, CAUSES OF ACTION OR DEMANDS WHATSOEVER, WHETHER KNOWN OR UNKNOWN,
SUSPECTED OR UNSUSPECTED, IN LAW OR EQUITY, WHICH ANY LOAN PARTY EVER HAD, NOW
HAS, CLAIMS TO HAVE OR MAY HAVE AGAINST ANY RELEASED PARTY ARISING ON OR PRIOR
TO THE DATE HEREOF AND FROM OR IN CONNECTION WITH THE CREDIT AGREEMENT, THIS
AMENDMENT AND THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY
AND HEREIN.

     

    [THE
REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

    
      
        
          -10-

        

         

      

      
         

        
          

        

      

      
         

      

    

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

     

    

    
      	 
      	
              CHRISTIE/AIX,
      INC.,

              as
      a Borrower

               

               

            
	 
      	
              By

            	
              /s/
      Gary S. Loffredo

            
	 
      	
              Name

            	
              Gary
      S. Loffredo

            
	 
      	
              Title

            	
              Vice
      President

            
	 
      	 
      
	 
      	 
      
	 
      	
              ACCESS
      DIGITAL MEDIA, inc>

               

               

            
	 
      	
              By

            	
              /s/
      Gary S. Loffredo

            
	 
      	
              Name

            	
              Gary
      S. Loffredo

            
	 
      	
              Title

            	
              Senior
      Vice President

            
	 
      	 
      

    

    

    

    

    
      
        
          [SIGNATURE
PAGE TO FOURTH AMENDMENT]

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    
      	 
      	
              GENERAL
      ELECTRIC CAPITAL CORPORATION

              as
      the Administrative Agent and Lender

               

               

            
	 
      	
              By

            	
              /s/
      Carle A. Felton

            
	 
      	
              Name

            	
              Carle
      A. Felton

            
	 
      	
              Title

            	
              Duly
      Authorized Signatory

            
	 
      	 
      

    

    

    

    
      
        
          [SIGNATURE
PAGE TO FOURTH AMENDMENT]

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    
      	 
      	
              CIT
      LENDING SERVICES CORPORATION, as a Lender

               

               

            
	 
      	
              By

            	
              /s/
      Vincent DeVito

            
	 
      	
              Name

            	
              Vincent
      DeVito

            
	 
      	
              Title

            	
              Managing
      Director

            
	 
      	 
      

    

    

    

    
      
        
          [SIGNATURE
PAGE TO FOURTH AMENDMENT]

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    
      	 
      	
              TD
      BANK, N.A.,

              as
      a Lender

               

               

            
	 
      	
              By

            	
              /s/
      Peter L. Davis

            
	 
      	
              Name

            	
              Peter
      L. Davis

            
	 
      	
              Title

            	
              Senior
      Vice President

            
	 
      	 
      

    

    

    

    
      
        
          [SIGNATURE
PAGE TO FOURTH AMENDMENT]

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    
      	 
      	
              SOCIETE
      GENERALE,

              as
      a Lender

               

               

            
	 
      	
              By

            	
              /s/
      Elaine Khalil

            
	 
      	
              Name

            	
              Elaine
      Khalil

            
	 
      	
              Title

            	
              Managing
      Director

            
	 
      	 
      

    

    

    

    
      
        
          [SIGNATURE
PAGE TO FOURTH AMENDMENT]

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    
      	 
      	
              AIB
      DEBT MANAGEMENT LTD.

              as
      a Lender

               

               

            
	 
      	
              By

            	
              /s/
      Gregory Wiske

            
	 
      	
              Name

            	
              Gregory
      Wiske

            
	 
      	
              Title

            	
              Senior
      Vice President

            
	 
      	 
      

    

    

    

    
      
        	 
      	
                /s/ Des Brennan

                Des
      Brennan

                Assistant
      Vice President

                Investment
      Advisor to

                AIB
      Debt Management, Limited

              

      

    

    

    
      
        
          [SIGNATURE
PAGE TO FOURTH AMENDMENT]

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    
      	 
      	
              CIFC
      FUNDING 2006-I, LTD,

              as
      a Lender

               

               

            
	 
      	
              By

            	
              /s/
      Steve Vaccaro

            
	 
      	
              Name

            	
              Steve
      Vaccaro

            
	 
      	
              Title

            	
              Co-Chief
      Investment Officer

            
	 
      	 
      

    

     

     

    
      [SIGNATURE
PAGE TO FOURTH AMENDMENT]

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