Document:

Exhibit No. 10.1

 

INDEMNIFICATION AGREEMENT

 

This Agreement is made as of
July [ ], 2004 (“Agreement”), by and among Unity Bancorp, Inc. a New Jersey
corporation, with principal offices at 64 Old Highway 22, Clinton, New Jersey
08809, (the “Company”), Unity Bank, a New Jersey bank and a wholly-owned
subsidiary of the Company (the “Bank”) and                      ,
residing at                                                
(“Indemnitee”).

 

W I T N E S S E T H:

 

WHEREAS, highly competent
persons are becoming more reluctant to serve corporations as directors or in
other capacities unless they are provided with adequate protection through
insurance or adequate indemnification against inordinate risks of claims and
actions against them arising out of their service to and activities on behalf
of the corporation; and

 

WHEREAS, the current
difficulties attendant to obtaining adequate insurance and the uncertainties
relating to indemnification have increased the difficulty of attracting and
retaining such persons;

 

WHEREAS, the Board of
Directors of the Company and the Bank has determined that any inability to
attract and retain such persons is detrimental to the best interests of the
Company’s stockholders and that the Company and the Bank should act to assure
such persons that there will be increased certainty of such protection in the
future; and

 

WHEREAS, it is reasonable,
prudent and necessary for the Company and the Bank contractually to obligate
themselves to indemnify such persons to the fullest extent permitted by
applicable law so that they will serve or continue to serve the Company or the
Bank, or both, as the case may be, free from undue concern that they will not
be so indemnified; and

 

WHEREAS, Indemnitee is
willing to serve, continue to serve and to take on additional service for or on
behalf of the Company or the Bank, or both, as the case may be, on the
condition that he be so indemnified;

 

NOW, THEREFORE, in
consideration of the premises and the covenants contained herein, the Company,
the Bank and Indemnitee do hereby covenant and agree as follows:

 

Services by
Indemnitee. Indemnitee agrees to serve as a
director of the Company and the Bank. Indemnitee may at any time and for any
reason resign from such positions (subject to any other contractual obligation
or any obligation imposed by operation of law), in which event neither the
Company nor the Bank shall have any obligation under this Agreement to continue
Indemnitee in such positions.

 

Indemnification.

 

(i)
Indemnification – Proceedings Other Than Proceedings by or in the Right of the
Company. The Company and the Bank, jointly and severally
(collectively, with respect to their joint and several obligations hereunder, “Unity”),
shall indemnify Indemnitee to the fullest extent permitted by law if Indemnitee
was or is or becomes a party to or witness or other participant in, or is
threatened to be made a party to or witness or other participant in, any
threatened, pending or completed action, suit, proceeding (other than an action
by or in the right of the Company or the Bank) or alternative dispute
resolution mechanism, or any hearing, inquiry or investigation that Indemnitee
in good faith believes might lead to the institution of any such action, suit,
proceeding or alternative dispute resolution mechanism, whether civil,
criminal, administrative,

 

1

 

investigative
or other (hereinafter, a “Claim”) by reason of (or arising in part out of) any
event or occurrence related to the fact that Indemnitee is or was a director,
officer, employee, agent or fiduciary of the Company or the Bank, as the case
may be, or any subsidiary of the Company, or is or was serving at the request
of the Company or the Bank as a director, officer, employee, agent or fiduciary
of another corporation, partnership, joint venture, trust or other enterprise
(service in any of such capacities, the Indemnitee’s “Corporate Status”), or by
reason of any action or inaction on the part of Indemnitee while serving in any
such capacity (hereinafter, an “Indemnifiable Event”) against any and all
expenses (including attorneys’ fees) and all other costs, expenses and
obligations incurred in connection with investigating, defending, being a
witness in or participating in (including on appeal), or preparing to defend,
be a witness in or participate in, any such action, suit, proceeding,
alternative dispute resolution mechanism, hearing, inquiry or investigation,
judgments, fines, penalties and amounts paid in settlement of such Claim and
any federal, state, local or foreign taxes imposed on the Indemnitee as a
result of the actual or deemed receipt of any payments under this Agreement
(collectively, “Expenses”), including all interest, assessments and other
charges paid or payable in connection with or in respect of such Expenses, if,
in connection with such Claim, he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
Company or the Bank, and with respect to any criminal Claim, had no reasonable cause
to believe his conduct was unlawful. Such payment of Expenses shall be made by
Unity as soon as practicable but in any event no later than 30 days after
written demand by Indemnitee therefor is presented to Unity.

 

(ii) Indemnification - Proceedings by or in the
Right of the Company or the Bank. 
Indemnitee shall be entitled to the rights of indemnification provided
in this Section 1(a)(ii)  if, by reason
of his Corporate Status, he is, or is threatened to be made, a party to or
participant with respect to any Claim brought by or in the right of Unity.  Pursuant to this Section 1(b)(ii), Indemnitee
shall be indemnified against all Expenses actually and reasonably incurred by
him, or on his behalf, in connection with such Claim, if he acted in good faith
and in a manner he reasonably believed to be in or not opposed to the best
interests of Unity; provided, however, that no indemnification against such
Expenses shall be made in respect of any Claim (or any issue or matter therein)
as to which Indemnitee shall have been adjudged to be liable to Unity unless
and only to the extent that the court in which such Claim was brought shall
determine upon application that, despite the adjudication of liability, but in
view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such Expenses as such court shall deem proper.

 

Reviewing
Party. Notwithstanding the foregoing: (i) the obligations
of the Unity under Paragraph (a) of this Section 2 shall be subject to the
condition that the Reviewing Party (as described in Paragraph (c) of Section 10
hereof) shall not have determined that Indemnitee would not be permitted to be
indemnified under applicable law, and (ii) the obligation of Unity to make an
advance payment of Expenses to Indemnitee pursuant to Paragraph (a) of Section
3 hereof (an “Expense Advance”) shall be subject to the condition that, if,
when and to the extent that the Reviewing Party determines that Indemnitee
would not be permitted to be so indemnified under applicable law, Unity shall
be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse
Unity) for all such amounts theretofore paid; provided, however, that if
Indemnitee has commenced or thereafter commences legal proceedings in a court of
competent jurisdiction to secure a determination that Indemnitee should be
indemnified under applicable law, any determination made by the Reviewing Party
that Indemnitee would not be permitted to be indemnified under applicable law
shall not be binding and Indemnitee shall not be required to reimburse Unity
for any Expense Advance until a final judicial determination is made with
respect thereto (as to which all rights of appeal therefrom have been exhausted
or lapsed). If there has been no determination by the Reviewing Party or if the
Reviewing Party determines that Indemnitee substantively would not be permitted
to be indemnified in whole or in part under applicable law, Indemnitee shall
have the right to commence litigation seeking an

 

2

 

initial
determination by the court or challenging any such determination by the
Reviewing Party or any aspect thereof, including the legal or factual bases
therefor, and each of the Company and the Bank hereby consents to service of
process and to appear in any such proceeding. Any determination by the
Reviewing Party otherwise shall be conclusive and binding on Unity and
Indemnitee.

 

Mandatory
Payment of Expenses. Notwithstanding any other provision of this
Agreement, other than Section 10 hereof, to the extent that Indemnitee has been
successful on the merits or otherwise, including, without limitation, the
dismissal of an action without prejudice, in defense of any action, suit,
proceeding, inquiry or investigation referred to in Section (2)(a) hereof or in
the defense of any claim, issue or matter therein, Indemnitee shall be
indemnified against all Expenses incurred by Indemnitee in connection
therewith.

 

Expenses;
Indemnification Procedure.

 

Advancement
of Expenses. Unity shall advance all Expenses incurred by
Indemnitee. The advances to be made hereunder shall be paid by Unity to
Indemnitee as soon as practicable but in any event no later than ten business
days after written demand by Indemnitee therefor to Unity.

 

Notice/Cooperation
by Indemnitee. Indemnitee shall, as a condition precedent to
Indemnitee’s right to be indemnified under this Agreement, give Unity notice in
writing as soon as practicable of any Claim made against Indemnitee for which
indemnification will or could be sought under this Agreement. Notice to Unity
shall be directed to the Corporate Secretary of the Company at the address
shown above (or such other address as the Company shall designate in writing to
Indemnitee). In addition, Indemnitee shall give Unity such information and
cooperation as it may reasonably require and as shall be within Indemnitee’s
power.

 

No
Presumptions; Burden of Proof. For purposes of this Agreement,
the termination of any claim, action, suit or proceeding, by judgment, order,
settlement (whether with or without court approval) or conviction, or upon a
plea of nolo contendere, or its equivalent, shall not create a presumption that
Indemnitee did not meet any particular standard of conduct or have any
particular belief or that a court has determined that indemnification is not
permitted by applicable law. In addition, neither the failure of the Reviewing
Party to have made a determination as to whether Indemnitee has met any
particular standard of conduct or had any particular belief, nor an actual
determination by the Reviewing Party that Indemnitee has not met such standard
of conduct or did not have such belief, prior to the commencement of legal
proceedings by Indemnitee to secure a judicial determination that Indemnitee should
be indemnified under applicable law, shall be a defense to Indemnitee’s claim
or create a presumption that Indemnitee has not met any particular standard of
conduct or did not have any particular belief. In connection with any
determination by the Reviewing Party or otherwise as to whether the Indemnitee
is entitled to be indemnified hereunder, the burden of proof shall be on Unity
to establish that Indemnitee is not so entitled.

 

Notice
to Insurers. If, at the time of the receipt by Unity of a
notice of a Claim pursuant to Paragraph (b) of Section 3 hereof, Unity has
liability insurance in effect which may cover such Claim, Unity shall give
prompt notice of the commencement of such Claim to the insurers in accordance
with the procedures set forth in the respective policies. Unity shall
thereafter take all necessary or desirable action to cause such insurers to
pay, on behalf of the Indemnitee, all amounts payable as a result of such
action, suit, proceeding, inquiry or investigation in accordance with the terms
of such policies.

 

Selection
of Counsel. In the event that Unity shall be obligated
hereunder to pay the Expenses of any action, suit, proceeding, inquiry or
investigation, Unity, if appropriate, shall be entitled to assume the defense
of such action, suit, proceeding, inquiry or investigation with counsel
approved by Indemnitee (which approval

 

3

 

shall
not be unreasonably withheld), upon the delivery to Indemnitee of written
notice of its election so to do. After delivery of such notice, approval of
such counsel by Indemnitee and the retention of such counsel by Unity, Unity
will not be liable to Indemnitee under this Agreement for any fees of counsel
subsequently incurred by Indemnitee with respect to the same action, suit,
proceeding, inquiry or investigation; provided that: (i) Indemnitee shall have
the right to employ Indemnitee’s counsel in any such action, suit, proceeding,
inquiry or investigation at Indemnitee’s expense and (ii) if (A) the employment
of counsel by Indemnitee has been previously authorized by Unity, (B)
Indemnitee shall have reasonably concluded that there may be a conflict of
interest between Unity and Indemnitee in the conduct of any such defense, or
(C) Unity shall not continue to retain such counsel to defend such action,
suit, proceeding, inquiry or investigation, then the fees and expenses of
Indemnitee’s counsel shall be at the expense of Unity.

 

Additional
Indemnification Rights; Non-exclusivity.

 

Scope. Unity hereby agrees to
indemnify the Indemnitee to the fullest extent permitted by law,
notwithstanding that such indemnification is not specifically authorized by the
other provisions of this Agreement, the Company’s Certificate of Incorporation,
the Company’s By-laws, the Bank’s certificate of incorporation, the Bank’s
By-laws, or by statute. In the event of any change after the date of this
Agreement in any applicable law, statute or rule which expands the right of a
New Jersey corporation or a New Jersey bank to indemnify a member of its board
of directors or an officer, employee, agent or fiduciary, it is the intent of
the parties hereto that Indemnitee shall enjoy by this Agreement the greater
benefits afforded by such change. in the event of any change in any applicable
law, statute or rule which narrows the right of a New Jersey corporation or a
New Jersey bank to indemnify a member of its board of directors or an officer,
employee, agent or fiduciary, such change, to the extent not otherwise required
by such law, statute or rule to be applied to this Agreement, shall have no
effect on this Agreement or the parties’ rights and obligations hereunder.

 

Non-exclusivity. The indemnification provided by
this Agreement shall be in addition to any rights to which Indemnitee may be
entitled under the Company’s Certificate of Incorporation or its By-laws, the
Bank’s Certificate of Incorporation or its By-laws, any agreement, any vote of
shareholders, the New Jersey Business Corporation Act, the Banking Act of 1948,
as amended, or otherwise. The indemnification provided under this Agreement
shall continue as to Indemnitee for any action taken or not taken while serving
in an indemnified capacity even though Indemnitee may have ceased to serve in
such capacity.

 

No
Duplication of Payments. Unity shall not be liable under
this Agreement to make any payment in connection with any action, suit,
proceeding, inquiry or investigation made against Indemnitee to the extent
Indemnitee has otherwise actually received payment (under any insurance policy,
Certificate of Incorporation, By-laws or otherwise) of the amounts otherwise
indemnifiable hereunder.

 

Partial
Indemnification. If Indemnitee is entitled under
any provision of this Agreement to indemnification by Unity for some or a
portion of Expenses in the investigation, defense, appeal or settlement of any
civil or criminal action, suit, proceeding, inquiry or investigation, but not,
however, for all of the total amount thereof, Unity shall nevertheless
indemnify Indemnitee for the portion of such Expenses to which Indemnitee is
entitled.

 

Mutual
Acknowledgment. Each of the Company, the Bank
and Indemnitee acknowledges that in certain instances, federal law or
applicable public policy may prohibit the Company or the Bank, or both, from
indemnifying their respective directors, officers, employees, agents or
fiduciaries under this Agreement or otherwise. Indemnitee understands and
acknowledges that the Company has undertaken or may be required in the future
to undertake with the Securities and Exchange Commission to submit the question
of

 

4

 

indemnification to a court in
certain circumstances for a determination of the Company’s right under public
policy to indemnify Indemnitee.

 

Liability
Insurance. To the extent that Unity
maintains liability insurance applicable to directors, officers, employees,
agents or fiduciaries, Indemnitee shall be covered by such policies in such a
manner as to provide Indemnitee the same rights and benefits as are accorded to
the most favorably insured of Unity’s directors.

 

Exceptions. Any other
provision herein to the contrary notwithstanding, Unity shall not be obligated
pursuant to the terms of this Agreement:

 

Excluded
Action or Omissions. To indemnify Indemnitee for acts, omissions or
transactions from which Indemnitee may not be relieved of liability under
applicable law;

 

Claims
Initiated by Indemnitee. To indemnify or advance
expenses to Indemnitee with respect to proceedings or claims initiated or
brought voluntarily by Indemnitee and not by way of defense, except (i) with
respect to proceedings brought to establish or enforce a right to
indemnification under this Agreement or any other agreement or insurance policy
or under the Company’s Certificate of Incorporation or By-laws, or the Bank’s
Certificate of Incorporation or By-laws, now or hereafter in effect relating to
Claims for Indemnifiable Events, (ii) in specific cases if the Board of
Directors of the Company or the Bank has approved the initiation or bringing of
such suit, or (iii) as otherwise required under Section 14A:3-5 of the New
Jersey Business Corporation Act, or Section 250 of the Banking Act of 1948, as
amended, regardless of whether Indemnitee ultimately is determined to be
entitled to such indemnification, advance expense payment or insurance
recovery, as the case may be; or

 

Lack
of Good Faith. To indemnify Indemnitee for any expenses incurred
by the Indemnitee with respect to any proceeding instituted by Indemnitee to
enforce or interpret this Agreement, if a court of competent jurisdiction
determines that each of the material assertions made by the Indemnitee in such
proceeding was not made in good faith or was frivolous.

 

Construction
of Certain Phrases.

 

For
purposes of this Agreement, references to the “Company” and the “Bank”
shall include, in addition to the resulting corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a
consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, employees,
agents or fiduciaries, so that if Indemnitee is or was a director, officer,
employee, agent or fiduciary of such constituent corporation, or is or was
serving at the request of such constituent corporation as a director, officer,
employee, agent or fiduciary of another corporation, partnership, joint
venture, employee benefit plan, trust or other enterprise, Indemnitee shall
stand in the same position under the provisions of this Agreement with respect
to the resulting or surviving corporation as Indemnitee would have with respect
to such constituent corporation if its separate existence had continued.

 

For
purposes of this Agreement, references to “other enterprises” shall include
employee benefit plans; references to “fines” shall include any excise
taxes assessed on Indemnitee with respect to an employee benefit plan; and
references to “serving at the request of the Company or the Bank” shall
include any service as a director, officer, employee, agent or fiduciary of the
Company or the Bank which imposes duties on, or involves services by, such
director, officer, employee, agent or fiduciary with respect to an employee
benefit plan, its participants or its beneficiaries; and if Indemnitee acted in
good faith and in a

 

5

 

manner
Indemnitee reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted
in a manner “not opposed to the best interests of the Company or the Bank”
as referred to in this Agreement.

 

For
purposes of this Agreement, a “Reviewing Party” shall mean any
appropriate person or body consisting of a member or members of the Company’s
and/or the Bank’s Board of Directors or any other person or body appointed by
such Board of Directors who is not a party to the particular Claim for which
Indemnitee is seeking indemnification, or Independent Legal Counsel.

 

Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall
constitute an original.

 

Binding
Effect; Successors and Assigns. This
Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors and assigns, including
any direct or indirect successor by purchase, merger, consolidation or
otherwise to all or substantially all of the business and/or assets of Unity,
spouses, heirs, and personal and legal representatives. This Agreement shall
continue in effect regardless of whether Indemnitee continues to serve as a
director of the Company or the Bank or of any other enterprise at the Company’s
or the Bank’s request.

 

Attorneys’
Fees. In the event that any action is
instituted by Indemnitee under this Agreement or under any liability insurance
policies maintained by Unity to enforce or interpret any of the terms hereof or
thereof, Indemnitee shall be entitled to be paid all Expenses incurred by
Indemnitee with respect to such action, regardless of whether Indemnitee is
ultimately successful in such action, and shall be entitled to the advancement
of Expenses with respect to such action, unless as a part of such action the
court of competent jurisdiction over such action determines that each of the
material assertions made by Indemnitee as a basis for such action were not made
in good faith or were frivolous. In the event of an action instituted by or in
the name of the Company or the Bank under this Agreement to enforce or
interpret any of the terms of this Agreement, Indemnitee shall be entitled to
be paid all Expenses incurred by Indemnitee in defense of such action
(including costs and expenses incurred with respect to Indemnitee’s
counterclaims and cross-claims made in such action), and shall be entitled to
the advancement of Expenses with respect to such action, unless as a part of
such action the court having jurisdiction over such action determines that each
of Indemnitee’s material defenses to such action were made in bad faith or were
frivolous.

 

Notice. All
notices, requests, demands and other communications under this Agreement shall
be in writing and shall be deemed duly given (i) if delivered by hand and
receipted for by the party addressee, on the date of such receipt, or (ii) if
mailed by domestic certified or registered mail with postage prepaid, on the
third business day after the date postmarked. Addresses for notice to either
party are as first hereinabove set forth in this Agreement, or as subsequently
modified by written notice.

 

Consent to
Jurisdiction. Each of the Company, the Bank
and Indemnitee hereby irrevocably consent to the jurisdiction of the courts of
the State of New Jersey for all purposes in connection with any action or
proceeding which arises out of or relates to this Agreement and agree that any
action instituted under this Agreement shall be commenced, prosecuted and
continued only in the Superior Court of the State of New Jersey in and for
Hunterdon County, which shall be the exclusive and only proper forum for
adjudicating such a claim.

 

Severability. The
provisions of this Agreement shall be severable in the event that any of the
provisions hereof (including any provision within a single section, paragraph
or sentence) are held by a court of competent jurisdiction to be invalid, void
or otherwise unenforceable, and the remaining provisions shall

 

6

 

remain enforceable to the fullest
extent permitted by law. Furthermore, to the fullest extent possible, the provisions
of this Agreement (including, without limitations, each portion of this
Agreement containing any provision held to be invalid, void or otherwise
unenforceable, that is not itself invalid, void or unenforceable) shall be
construed so as to give effect to the intent manifested by the provision held
invalid, illegal or unenforceable.

 

Choice of
Law. This Agreement shall be
governed by and its provisions construed and enforced in accordance with the
laws of the State of New Jersey, as applied to contracts between New Jersey
residents, entered into and to be performed entirely within the State of New
Jersey, without regard to the conflict of laws principles thereof.

 

Subrogation. In the
event of payment under this Agreement, the Company, the Bank or both, as the
case may be, shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee, who shall execute all documents required and
shall do all acts that may be necessary to secure such rights and to enable
Unity effectively to bring suit to enforce such rights.

 

Amendment
and Termination. No amendment, modification,
termination or cancellation of this Agreement shall be effective unless it is
in writing signed by both the parties hereto. No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provisions hereof (whether or not similar) nor shall such waiver
constitute a continuing waiver.

 

Integration
and Entire Agreement. This Agreement sets forth the
entire understanding between the parties hereto and supersedes and merges all
previous written and oral negotiations, commitments, understandings and
agreements relating to the subject matter hereof between the parties hereto.

 

No
Construction as Employment Agreement. Nothing
contained in this Agreement shall be construed as giving Indemnitee any right
to be retained in the employ of the Company or any of its subsidiaries
including, without limitation, the Bank.

 

*   *  
*   *   *

 

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

 

	
  ATTEST:

  	
  UNITY BANCORP, INC.

  
	
   

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  UNITY BANK

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  INDEMNITEE:

  
	
   

  	
   

  	
   

  
						

 

7Exhibit
10.21

 

[EXECUTION COPY]

 

AMENDMENT NO.
1 dated as of October 14, 2004 (this “Amendment”)
to the Credit Agreement dated as of December 17, 2003 (the “Credit Agreement”),
among SENSUS METERING SYSTEMS INC. (the “Borrower”),
SENSUS METERING SYSTEMS (LUXCO 2) S.ÀR.L. (the “European
Borrower” and, together with the Borrower, the “Borrowers”), SENSUS METERING SYSTEMS
(BERMUDA 2) LTD. (“Holdings”), the Lenders and
CREDIT SUISSE FIRST BOSTON, as General Administrative Agent (in such capacity,
the “Administrative Agent”), U.S.
Collateral Agent, European Administrative Agent and European Collateral Agent
for the Lenders.

 

A.                      Pursuant to
the Credit Agreement, the Lenders have extended credit to the Borrowers.

 

B.                       The
Borrowers have requested certain amendments to the Credit Agreement as set
forth herein.

 

C.                       Capitalized
terms used but not defined herein shall have the meanings assigned to them in
the Credit Agreement.

 

Accordingly,
in consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby
acknowledged, the parties hereto agree as follows:

 

SECTION 1.  Amendments.  Effective as of the Amendment Effective Date:

 

(a) 
The definition of the term “Applicable
Percentage” set forth in Section 1.01 of the Credit
Agreement is hereby amended as follows:

 

(i)                     by deleting “3.00%” at the end of
clause (a) therein and substituting therefor “(i) 2.25% at all times when (A)
the Term Loans are rated B+ or better by Standard & Poor’s Ratings Service
and B1 or better by Moody’s, in each case with no negative outlook
(collectively referred to as the “Ratings Threshold”) and (B) the ratio of
Total Debt (net of all cash on hand at Holdings and the Subsidiaries) on such
date to Consolidated EBITDA for the period of four consecutive fiscal quarters
most recently ended on or prior to such date is 4.0 to 1.0 or less
(collectively referred to as the “Leverage Threshold”), and (ii) 2.50% at all
other times”; and

 

(ii)                  by deleting “2.00%” at the end of clause
(b) therein and substituting therefor “(i) 1.25% at all times when (A) the
Ratings Threshold is in effect and (B) the Leverage Threshold is in effect, and
(ii) 1.50% at all other times”.

 

(b) 
The definition of the term “Permitted
Investments” set forth in Section 1.01 of the Credit
Agreement is hereby amended as follows:

 

(i)                     by deleting “and” at the end of
clause (e);

 

(ii)                  by replacing the period at the end of
clause (f) with “; and”; and

 

(iii)               by adding a new clause (g) to read as
follows:

 

 

“(g)            auction rate securities maturing within 35
days from the date of acquisition thereof and having, at such date of
acquisition, a credit rating of “AAA” from Standard & Poor’s Ratings
Service or “Aaa” from Moody’s Investors Service, Inc..”

 

(c)  Section 1.01 is hereby amended by adding the
following defined terms in appropriate alphabetical order:

 

““Amendment
Effective Date” shall have the meaning set forth in Amendment
No. 1.”

 

““Amendment
No. 1” shall mean Amendment No. 1 to this Agreement dated as of October
14, 2004.”

 

(d) 
Article II is hereby amended by adding a new Section 2.26 at the end
thereof as follows:

 

“SECTION 2.26.  Term Loan Repricing Protection.  In the event that, prior to the first
anniversary of the Amendment Effective Date, any Term Lender receives a
Repricing Prepayment (as defined below), then, at the time thereof, the
applicable Borrower shall pay to such Term Lender a prepayment premium equal to
1.0% of the amount of such Repricing Prepayment.  As used herein, with respect to any Term
Lender, a “Repricing Prepayment”
is the amount of principal of the Term Loans of such Term Lender that is either
(a) prepaid by the applicable Borrower pursuant to Section 2.12 substantially
concurrently with the incurrence by Holdings or any of its subsidiaries of new
term loans (whether pursuant to Incremental Term Commitments or otherwise) that
have interest rate margins lower than the Applicable Percentages then in effect
for the Term Loans so prepaid or (b) received by such Term Lender as a result
of the mandatory assignment of such Term Loans in the circumstances described
in Section 2.21(a)(iv) following the failure of such Term Lender to consent to
an amendment of this Agreement (other than Amendment No. 1) that would have the
effect of reducing any of the Applicable Percentages with respect to such Term
Loans.”

 

SECTION 2.  Representations
and Warranties.  To induce the
other parties hereto to enter into this Amendment, Holdings and each Borrower
represents and warrants to the Administrative Agent and each of the Lenders
that, as of the Amendment Effective Date:

 

(a) 
This Amendment has been duly authorized, executed and delivered by
Holdings and each Borrower, and the Credit Agreement, as amended hereby,
constitutes a legal, valid and binding obligation of Holdings and each
Borrower, and this Amendment constitutes a legal, valid and binding obligation
of Holdings and each Borrower.

 

(b) 
The representations and warranties set forth in Article III of the
Credit Agreement are true and correct in all material respects on and as of the
Amendment Effective Date with the same effect as though made on and as of the
Amendment Effective Date, except to the extent such representations and
warranties expressly relate to an earlier

 

2

 

date (in which case such representations and warranties were true and
correct in all material respects as of such earlier date).

 

(c)  No
Default or Event of Default has occurred and is continuing.

 

SECTION 3.  Effectiveness.  This Amendment shall become effective as of
the date (the “Amendment
Effective Date”) that the Administrative Agent shall have
received counterparts of this Amendment that, when taken together, bear the
signatures of (i) the Borrower, (ii) the European Borrower,
(iii) Holdings and (iv) each Lender (after giving effect to any prior
or concurrent assignment by Lenders, whether pursuant to Section 2.21 of
the Credit Agreement or otherwise).

 

SECTION 4.  Effect of
Amendment.  Except as
expressly set forth herein, this Amendment shall not by implication or
otherwise limit, impair, constitute a waiver of, or otherwise affect the rights
and remedies of the Lenders or the Administrative Agent under the Credit
Agreement or any other Loan Document, and shall not alter, modify, amend or in
any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Credit Agreement or any other Loan Document, all of
which are ratified and affirmed in all respects and shall continue in full
force and effect.  Nothing herein shall
be deemed to entitle any Loan Party to a consent to, or a waiver, amendment,
modification or other change of, any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement or any other Loan
Document in similar or different circumstances. 
This Amendment shall apply and be effective only with respect to the
provisions of the Credit Agreement specifically referred to herein.  After the date hereof, any reference to the
Credit Agreement shall mean the Credit Agreement, as modified hereby.  This Amendment shall constitute a “Loan
Document” for all purposes of the Credit Agreement and the other Loan
Documents.

 

SECTION 5.  Expenses. The
Borrower agrees to reimburse the Administrative Agent for all reasonable
out-of-pocket expenses incurred in connection with this Amendment in accordance with the Credit
Agreement, including the reasonable fees, charges and disbursements of counsel
for the Administrative Agent.

 

SECTION 6.  Counterparts.  This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall constitute but one and the same contract.  Delivery of an executed counterpart of a
signature page of this Amendment by facsimile transmission shall be as
effective as delivery of a manually executed counterpart hereof.

 

SECTION 7.  Applicable
Law.  THIS AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK.

 

SECTION 8.  Headings.  The headings of this Amendment are for
purposes of reference only and shall not limit or otherwise affect the meaning
hereof.

 

[Remainder of
page intentionally left blank]

 

3

 

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

 

	
   

  	
  SENSUS
  METERING SYSTEMS INC.,

  
	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Peter Mainz

  
	
   

  	
   

  	
   

  	
     Name:

  	
  Peter Mainz

  
	
   

  	
   

  	
   

  	
     Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SENSUS
  METERING SYSTEMS (LUXCO 2)

  S.ÀR.L.,

  
	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Peter Mainz

  
	
   

  	
   

  	
   

  	
     Name:

  	
  Peter Mainz

  
	
   

  	
   

  	
   

  	
     Title:

  	
  Group 2 Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SENSUS
  METERING SYSTEMS (BERMUDA 2)

  LTD.,

  
	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Peter Mainz

  
	
   

  	
   

  	
   

  	
     Name:

  	
  Peter Mainz

  
	
   

  	
   

  	
   

  	
     Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CREDIT SUISSE FIRST BOSTON,

  acting through its Cayman Islands branch,

  individually and as General Administrative Agent,

  
	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Robert Hetu

  
	
   

  	
   

  	
   

  	
     Name:

  	
  ROBERT HETU

  
	
   

  	
   

  	
   

  	
     Title:

  	
  DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Vanessa Gomez

  
	
   

  	
   

  	
   

  	
     Name:

  	
  VANESSA GOMEZ

  
	
   

  	
   

  	
   

  	
     Title:

  	
  ASSOCIATE

  

 

4

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

 

	
   

  	
  Name of Lender:

  	
  PINEHURST TRADING, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
     Name: 
  MEREDITH J. KOSLICK

  
	
   

  	
   

  	
   

  	
     Title: 
  ASSISTANT VICE PRESIDENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Galaxy CLO 1999-1, Ltd.

  
	
   

  	
   

  	
   by:
  AIG Global Investment Corp.

  
	
   

  	
   

  	
   as
  Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ W. Jeffrey Baxter

  
	
   

  	
   

  	
   

  	
     Name:  W.
  Jeffrey Baxter

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Galaxy CLO 2003-1, Ltd.

  
	
   

  	
   

  	
   by:
  AIG Global Investment Corp.

  
	
   

  	
   

  	
   as
  Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ W. Jeffrey Baxter

  
	
   

  	
   

  	
   

  	
     Name:  W.
  Jeffrey Baxter

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   SunAmerica Life Insurance Company

  
	
   

  	
   

  	
   by:
  AIG Global Investment Corp.

  
	
   

  	
   

  	
   as
  Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ W. Jeffrey Baxter

  
	
   

  	
   

  	
   

  	
     Name:  W.
  Jeffrey Baxter

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   LANDMARK II CDO LIMITED

  
	
   

  	
   

  	
   By:
  ALADDIN CAPITAL MANAGEMENT LLC

  
	
   

  	
   

  	
          AS
  MANAGER

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Joseph Moroney

  
	
   

  	
   

  	
   

  	
     Name:  JOSEPH
  MORONEY

  
	
   

  	
   

  	
   

  	
     Title:  DIRECTOR

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  New Alliance Global CDO, Limited

  
	
   

  	
   

  	
  By: Alliance Capital Management L.P.,

  
	
   

  	
   

  	
  as Sub-advisor

  
	
   

  	
   

  	
  By: Alliance Capital Management

  
	
   

  	
   

  	
  Corporation, as General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Joel Serebransky

  	
   

  
	
   

  	
   

  	
   

  	
     Name:  Joel
  Serebransky

  
	
   

  	
   

  	
   

  	
     Title: 
  Senior Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   American Express Certificate Company

  
	
   

  	
   

  	
   By: American
  Express Asset Management

  
	
   

  	
   

  	
   Group
  as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Yvonne Stevens

  
	
   

  	
   

  	
   

  	
     Name:  Yvonne
  Stevens

  
	
   

  	
   

  	
   

  	
     Title: 
  Senior Managing Director

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Centurion CDO VII, Ltd.

  
	
   

  	
   

  	
   By:
  American Express Asset Management

  
	
   

  	
   

  	
   Group,
  Inc. as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Robin C. Stanell

  
	
   

  	
   

  	
   

  	
     Name:  Robin
  C. Stanell

  
	
   

  	
   

  	
   

  	
     Title:    Supervisor

  
	
   

  	
   

  	
   

  	
      Fixed Income Support Team

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   IDS Life Insurance Company

  
	
   

  	
   

  	
   By:
  American Express Asset Management

  
	
   

  	
   

  	
   Group,
  Inc. as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Yvonne Stevens

  
	
   

  	
   

  	
   

  	
     Name:  Yvonne
  Stevens

  
	
   

  	
   

  	
   

  	
     Title: 
  Senior Managing Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  KZH CYPRESSTREE-1 LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Dorian Herrera

  
	
   

  	
   

  	
   

  	
     Name:  DORIAN
  HERRERA

  
	
   

  	
   

  	
   

  	
     Title: 
  AUTHORIZED AGENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  KZH STERLING LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Dorian Herrera

  
	
   

  	
   

  	
   

  	
     Name:  DORIAN
  HERRERA

  
	
   

  	
   

  	
   

  	
     Title: 
  AUTHORIZED AGENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  AMMC CDO I, LIMITED

  
	
   

  	
   

  	
  By:

  	
  American Money Management Corp.,

  	
   

  
	
   

  	
   

  	
   

  	
  as Collateral Manager

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Chester M. Eng

  	
   

  
	
   

  	
   

  	
   

  	
     Name: 
  Chester M. Eng

  
	
   

  	
   

  	
   

  	
     Title: 
  Senior Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  AMMC CDO II, LIMITED

  
	
   

  	
   

  	
  By:

  	
  American Money Management Corp.,

  	
   

  
	
   

  	
   

  	
   

  	
  as Collateral Manager

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Chester M. Eng

  	
   

  
	
   

  	
   

  	
   

  	
     Name: 
  Chester M. Eng

  
	
   

  	
   

  	
   

  	
     Title:  Senior
  Vice President

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  AMMC CLO III, LIMITED

  
	
   

  	
   

  	
  By:

  	
  American Money Management Corp.,

  	
   

  
	
   

  	
   

  	
   

  	
  as Collateral Manager

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Chester M. Eng

  	
   

  
	
   

  	
   

  	
   

  	
     Name: 
  Chester M. Eng

  
	
   

  	
   

  	
   

  	
     Title: 
  Senior Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   Northwoods
  Capital II, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Jeff Aronson

  
	
   

  	
   

  	
   

  	
     Name:  Jeff
  Aronson

  
	
   

  	
   

  	
   

  	
     Title:  Managing
  Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   Northwoods
  Capital III, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Jeff Aronson

  
	
   

  	
   

  	
   

  	
     Name:  Jeff
  Aronson

  
	
   

  	
   

  	
   

  	
     Title: 
  Managing Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   Northwoods
  Capital IV, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Jeff Aronson

  
	
   

  	
   

  	
   

  	
     Name:  Jeff
  Aronson

  
	
   

  	
   

  	
   

  	
     Title: 
  Managing Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   ANTARES
  CAPITAL CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Tyler Lindblad

  
	
   

  	
   

  	
   

  	
     Name:  Tyler
  Lindblad

  
	
   

  	
   

  	
   

  	
     Title: 
  Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   ANTARES
  FUNDING, L.P.

  
	
   

  	
   

  
	
   

  	
  By:  JPMorgan Chase Bank, as
  trustee of the

  Antares Funding Trust created under the Trust

  Agreement dated as of November 30, 1999.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Leslie Hundley

  
	
   

  	
   

  	
  Name:  Leslie Hundley

  
	
   

  	
   

  	
  Title:  AVP

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   NAVIGATOR
  CDO 2003, LTD.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  Antares Asset Management Inc.,

  as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Tyler Lindblad

  
	
   

  	
   

  	
  Name:  Tyler Lindblad

  
	
   

  	
   

  	
  Title:  Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender:

  	
   MARINER
  CDO 2002, LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Tyler Lindblad

  
	
   

  	
   

  	
  Name:  Tyler Lindblad

  
	
   

  	
   

  	
  Title:  Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender:

  	
   Hamilton
  Floating Rate Fund, LLC

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Dean Stephan

  
	
   

  	
   

  	
   

  	
     Name:  DEAN STEPHAN

  
	
   

  	
   

  	
   

  	
     Title:  MANAGING DIRECTOR

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Venture CDO
  2002, Limited

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By its
  investment advisor MJX Asset Management LLC

  
	
   

  	
   

  
	
   

  	
   

  	
  /s/ Martin Davey

  
	
   

  	
   

  	
   

  	
  Name:  Martin Davey

  
	
   

  	
   

  	
   

  	
  Title:  Managing Director

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Venture II CDO,
  Limited

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By its
  investment advisor MJX Asset Management LLC

  
	
   

  	
   

  
	
   

  	
   

  	
  /s/ Martin Davey

  
	
   

  	
   

  	
   

  	
  Name:  Martin Davey

  
	
   

  	
   

  	
   

  	
  Title:  Managing Director

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Venture III
  CDO, Limited

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By its
  investment advisor MJX Asset Management LLC

  
	
   

  	
   

  
	
   

  	
   

  	
  /s/ Martin Davey

  
	
   

  	
   

  	
   

  	
  Name:  Martin Davey

  
	
   

  	
   

  	
   

  	
  Title:  Managing Director

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   BLACK
  DIAMOND CLO 1998-1

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Paul Cope

  
	
   

  	
   

  	
   

  	
     Name:  Paul Cope

  
	
   

  	
   

  	
   

  	
     Title:  Director

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   BlackRock
  Limited Duration Income Trust

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Tom Colwell

  
	
   

  	
   

  	
   

  	
     Name:  Tom Colwell

  
	
   

  	
   

  	
   

  	
     Title:  Auth. Signatory

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender:

  	
   Hanover Square CLO Ltd.

  
	
   

  	
   

  	
   By: Blackstone
  Debt Advisors L.P.

  
	
   

  	
   

  	
   As Collateral
  Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Dean T Criares

  
	
   

  	
   

  	
   

  	
     Name:  DEAN T
  CRIARES

  
	
   

  	
   

  	
   

  	
     Title: 
  Managing Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender:

  	
   Loan Funding VI LLC

  
	
   

  	
   

  	
   By:
  Blackstone Debt Advisors L.P.

  
	
   

  	
   

  	
   As Attorney-in-Fact

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Dean T Criares

  
	
   

  	
   

  	
   

  	
     Name:  DEAN T
  CRIARES

  
	
   

  	
   

  	
   

  	
     Title: 
  Managing Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Monument Park CDO Ltd.

  
	
   

  	
   

  	
   By:
  Blackstone Debt Advisors L.P.

  
	
   

  	
   

  	
   As Collateral
  Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Dean T Criares

  
	
   

  	
   

  	
   

  	
     Name:  DEAN T
  CRIARES

  
	
   

  	
   

  	
   

  	
     Title: 
  Managing Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Union Square CDO Ltd.

  
	
   

  	
   

  	
   By:
  Blackstone Debt Advisors L.P.

  
	
   

  	
   

  	
   As Collateral
  Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Dean T Criares

  
	
   

  	
   

  	
   

  	
     Name:  DEAN T
  CRIARES

  
	
   

  	
   

  	
   

  	
     Title: 
  Managing Director

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   OLYMPIC
  CLO I LTD

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ John M. Casparian

  
	
   

  	
   

  	
   

  	
     Name:  John
  M. Casparian

  
	
   

  	
   

  	
   

  	
     Title:  Portfolio
  Manager

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   CITADEL
  HILL 2000 LTD

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Alex Clarke

  
	
   

  	
   

  	
   

  	
     Name:  ALEX
  CLARKE

  
	
   

  	
   

  	
   

  	
     Title: 
  AUTHORIZED SIGNATORY

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   CREDIT
  SUISSE FIRST BOSTON INTERNATIONAL

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Carlin Cox

  
	
   

  	
   

  	
   

  	
     Name:  Carlin
  Cox

  
	
   

  	
   

  	
   

  	
     Title:

  	
  Vice President

  OTC Derivative Support Group

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   CSAM
  Funding II

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ David H. Lerner

  
	
   

  	
   

  	
   

  	
     Name:  DAVID
  H. LERNER

  
	
   

  	
   

  	
   

  	
     Title: 
  AUTHORIZED SIGNATORY

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   CSAM
  Funding III

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ David H. Lerner

  
	
   

  	
   

  	
   

  	
     Name:  DAVID
  H. LERNER

  
	
   

  	
   

  	
   

  	
     Title: 
  AUTHORIZED SIGNATORY

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   First
  Dominion Funding II

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ David H. Lerner

  
	
   

  	
   

  	
   

  	
     Name:  DAVID
  H. LERNER

  
	
   

  	
   

  	
   

  	
     Title: 
  AUTHORIZED SIGNATORY

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   Atrium
  II

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ David H. Lerner

  
	
   

  	
   

  	
   

  	
     Name:  DAVID
  H. LERNER

  
	
   

  	
   

  	
   

  	
     Title: 
  AUTHORIZED SIGNATORY

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  BRYN MAWR CLO, Ltd.

  
	
   

  	
   

  	
  By:

  	
    Deerfield Capital Management
  LLC as its

  
	
   

  	
   

  	
   Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Dale Burrow

  
	
   

  	
   

  	
  Name:  Dale Burrow

  
	
   

  	
   

  	
  Title:  Senior Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  FOREST CREEK CLO, Ltd.

  
	
   

  	
   

  	
  By:

  	
    Deerfield Capital Management
  LLC as its

  
	
   

  	
   

  	
   Collateral Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Dale Burrow

  
	
   

  	
   

  	
  Name:  Dale Burrow

  
	
   

  	
   

  	
  Title:  Senior Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  LONG GROVE CLO, LIMITED

  
	
   

  	
   

  	
  By:

  	
    Deerfield Capital Management
  LLC as its

  
	
   

  	
   

  	
   Collateral Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Dale Burrow

  
	
   

  	
   

  	
  Name:  Dale Burrow

  
	
   

  	
   

  	
  Title:  Senior Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of
  Lender:

  	
   MUIRFIELD
  TRADING LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   /s/ Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
     Name:  MEREDITH J. KOSLICK

  
	
   

  	
   

  	
   

  	
     Title:  ASSISTANT VICE PRESIDENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  ROSEMONT CLO, Ltd.

  
	
   

  	
   

  	
  By:

  	
    Deerfield Capital Management
  LLC as its

  
	
   

  	
   

  	
   Collateral Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Dale Burrow

  
	
   

  	
   

  	
  Name:  Dale Burrow

  
	
   

  	
   

  	
  Title:  Senior Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  SEQUILS-Cumberland I, Ltd.

  
	
   

  	
   

  	
  By:

  	
    Deerfield Capital Management
  LLC as its

  
	
   

  	
   

  	
   Collateral Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Dale Burrow

  
	
   

  	
   

  	
  Name:  Dale Burrow

  
	
   

  	
   

  	
  Title:  Senior Vice President

  
					

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender:

  	
  CONSTANTINUS
  EATON VANCE CDO V, LTD.

  
	
   

  	
   

  	
  BY: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Name:  Michael
  B. Botthof

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
  EATON VANCE CDO VI LTD.

  
	
   

  	
  BY: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Name:  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  
					

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
  EATON VANCE INSTITUTIONAL SENIOR LOAN FUND

  
	
   

  	
  BY: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Name:  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  
					

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   

  	
  EATON VANCE
  SENIOR

  FLOATING-RATE TRUST

  
	
   

  	
   

  	
  BY: EATON
  VANCE MANAGEMENT

  
	
   

  	
      AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Name:  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  
					

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
  EATON VANCE SENIOR INCOME TRUST

  
	
   

  	
  BY: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Name:  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  
					

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
  GRAYSON & CO

  
	
   

  	
  BY: BOSTON MANAGEMENT AND RESEARCH

  
	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Name:  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  
					

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
  SENIOR DEBT PORTFOLIO

  
	
   

  	
  By: Boston Management and Research

  
	
   

  	
   

  	
  as Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Name:  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  
					

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Fidelity Advisor Series II: Fidelity

  
	
   

  	
   

  	
   Advisor Floating Rate High Income
  Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ John H. Costello

  
	
   

  	
   

  	
   

  	
     Name:  John H. Costello

  
	
   

  	
   

  	
   

  	
     Title: 
  Assistant Treasurer

  
					

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender:

  	
   Flagship CLO II

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Mark S. Pelletier

  
	
   

  	
   

  	
   

  	
     Name:  Mark S. Pelletier

  
	
   

  	
   

  	
   

  	
     Title: 
  Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Flagship CLO 2001-1

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Mark S. Pelletier

  
	
   

  	
   

  	
   

  	
     Name:  Mark S. Pelletier

  
	
   

  	
   

  	
   

  	
     Title: 
  Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Franklin CLO II, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ David Ardini

  
	
   

  	
   

  	
   

  	
     Name:  DAVID ARDINI

  
	
   

  	
   

  	
   

  	
     Title:  VICE
  PRESIDENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Franklin CLO III, Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ David Ardini

  
	
   

  	
   

  	
   

  	
     Name:  DAVID ARDINI

  
	
   

  	
   

  	
   

  	
     Title:  VICE
  PRESIDENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Franklin Floating Rate Master Series

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Richard Hsu

  
	
   

  	
   

  	
   

  	
     Name:  Richard Hsu

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Franklin Floating Rate Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Richard Hsu

  
	
   

  	
   

  	
   

  	
     Name:  Richard Hsu

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
  FRANKLIN FLOATING RATE

  DAILY ACCESS FUND

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Richard Hsu

  
	
   

  	
   

  	
   

  	
     Name:  Richard Hsu

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
  FRANKLIN TEMPLETON

  LIM. DURATION INCOME TRUST

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Richard Hsu

  
	
   

  	
   

  	
   

  	
     Name:  Richard Hsu

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
    FRANKLIN
  TOTAL RETURN FUND

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Richard Hsu

  
	
   

  	
   

  	
   

  	
     Name:  Richard Hsu

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
  Golden Tree Loan Opportunities II, Ltd.

  
	
   

  	
   

  	
   By: GoldenTree Asset Management, LP

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ David Allen

  
	
   

  	
   

  	
   

  	
     Name:  David Allen

  
	
   

  	
   

  	
   

  	
     Title: 
  Portfolio Manager

  
					

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
  Golden Tree Loan Opportunities I, Ltd.

  
	
   

  	
   

  	
   By: GoldenTree Asset Management, LP

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ David Allen

  
	
   

  	
   

  	
   

  	
     Name:  David Allen

  
	
   

  	
   

  	
   

  	
     Title: 
  Portfolio Manager

  
					

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   GOLDMAN SACHS CREDIT PARTNERS L.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ William W. Archer

  
	
   

  	
   

  	
   

  	
     Name:  William W. Archer

  
	
   

  	
   

  	
   

  	
     Title: 
  Managing Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Emerald Orchard Limited

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Masood Fikree

  
	
   

  	
   

  	
   

  	
     Name:  Masood Fikree

  
	
   

  	
   

  	
   

  	
     Title: 
  Attorney in Fact

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   LOAN FUNDING IV, LLC

   By: Highland Capital Management, L.P.

   As Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Mark Okada

  
	
   

  	
   

  	
   

  	
     Name:  Mark Okada

  
	
   

  	
   

  	
   

  	
     Title:  Chief Investment Officer

  Highland Capital Management, L.P.

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   LOAN FUNDING VII LLC

   By: Highland Capital Management, L.P.

   as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Mark Okada

  
	
   

  	
   

  	
   

  	
     Name:  Mark Okada

  
	
   

  	
   

  	
   

  	
     Title:  Chief Investment Officer

  Highland Capital Management, L.P.

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
  MERRILL LYNCH CAPITAL, a division of Merrill Lynch

  Business Financial Services Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Julia F. Maslanka

  
	
   

  	
   

  	
   

  	
     Name:  Julia F. Maslanka

  
	
   

  	
   

  	
   

  	
     Title:  Vice President

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MERRILL LYNCH PRIME RATE PORTFOLIO

  By: Merrill Lynch Investment Managers, L.P.

  
	
   

  	
   

  	
   

  	
  as Investment Advisor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Daniel Luchansky

  
	
   

  	
   

  	
   

  	
  Daniel Luchansky

  
	
   

  	
   

  	
   

  	
  Authorized
  Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Floating
  Rate Income Strategies Fund, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Daniel Luchansky

  
	
   

  	
   

  	
   

  	
  Daniel Luchansky

  
	
   

  	
   

  	
   

  	
  Authorized
  Signatory

  
						

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
  Name of Lender: 

  	
   Morgan Stanley Prime Income Trust

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Elizabeth Bodisch

  
	
   

  	
   

  	
   

  	
     Name:  Elizabeth Bodisch

  
	
   

  	
   

  	
   

  	
     Title:  Authorized Signatory

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   NATEXIS BANQUES POPULAIRES

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Jordan H. Levy

  
	
   

  	
   

  	
   

  	
     Name:  JORDAN H. LEVY

  
	
   

  	
   

  	
   

  	
     Title: 
  ASSISTANT VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  /s/ William J. Burke

  	
   

  
	
   

  	
   

  	
   

  	
  WILLIAM J. BURKE

  
	
   

  	
   

  	
   

  	
  VICE PRESIDENT

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   National City Bank

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Christopher J. Hetu

  
	
   

  	
   

  	
   

  	
     Name:  Christopher J. Hetu

  
	
   

  	
   

  	
   

  	
     Title:  AVP

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   ELF Funding Trust III

  
	
   

  	
  By:

  	
  New York Life Investment Management LLC.

  
	
   

  	
   

  	
  as Attorney-in-Fact

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ R. H. Dial

  
	
   

  	
   

  	
   

  	
     Name:  R. H. Dial

  
	
   

  	
   

  	
   

  	
     Title: 
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender:

  	
   MainStay Floating Rate Fund, a series of

   Eclipse Funds Inc.

  
	
   

  	
  By:

  	
  New York Life Investment Management LLC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ R. H. Dial

  
	
   

  	
   

  	
   

  	
     Name:  R. H. Dial

  
	
   

  	
   

  	
   

  	
     Title: 
  Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   OPPENHEIMER SENIOR FLOATING RATE FUND

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Lisa Chaffee

  
	
   

  	
   

  	
   

  	
     Name:  LISA CHAFFEE

  
	
   

  	
   

  	
   

  	
     Title:  
  MANAGER

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   

  	
  ING PRIME RATE TRUST

  By: ING Investment Management, Co.

  
	
   

  	
   

  	
  as its investment manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Charles Lemieux

  
	
   

  	
   

  	
  Name: 
  CHARLES E. LeMIEUX, CFA

  
	
   

  	
   

  	
  Title:   VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  ING SENIOR INCOME FUND

  By: ING Investment Management, Co.

  
	
   

  	
   

  	
  as its investment manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Charles Lemieux

  
	
   

  	
   

  	
  Name: 
  CHARLES E. LeMIEUX, CFA

  
	
   

  	
   

  	
  Title:   VICE PRESIDENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   PPM SHADOW CREEK FUNDING LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
     Name:  MEREDITH J. KOSLICK

  
	
   

  	
   

  	
   

  	
     Title:  
  ASSISTANT VICE PRESIDENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   PPM SPYGLASS FUNDING TRUST

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Diana M. Himes

  
	
   

  	
   

  	
   

  	
     Name:  DIANA M. HIMES

  
	
   

  	
   

  	
   

  	
     Title:  
  AUTHORIZED AGENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  Dryden III Leveraged Loan CDO 2002

  
	
   

  	
   

  	
  By:  Prudential Investment
  Management, Inc., as

  
	
   

  	
   

  	
  Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ George W. Edwards

  
	
   

  	
   

  	
   

  	
     Name:  George W. Edwards

  
	
   

  	
   

  	
   

  	
     Title:  
  Principal

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  Dryden IV Leveraged Loan CDO 2003

  
	
   

  	
   

  	
  By:  Prudential Investment
  Management, Inc., as

  
	
   

  	
   

  	
  Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ George W. Edwards

  
	
   

  	
   

  	
   

  	
     Name:  George W. Edwards

  
	
   

  	
   

  	
   

  	
     Title:  
  Principal

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1 TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  Dryden V Leveraged Loan CDO 2003

  
	
   

  	
   

  	
  By:  Prudential Investment
  Management, Inc., as

  
	
   

  	
   

  	
  Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ George W. Edwards

  
	
   

  	
   

  	
   

  	
     Name:  George W. Edwards

  
	
   

  	
   

  	
   

  	
     Title:  
  Principal

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  REGIMENT CAPITAL, LTD

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Regiment Capital Management, LLC

  
	
   

  	
   

  	
   

  	
  as its Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Regiment Capital Advisors, LLC

  
	
   

  	
   

  	
   

  	
  its Manager and pursuant to delegated

  
	
   

  	
   

  	
   

  	
  authority

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Timothy S. Peterson

  
	
   

  	
   

  	
   

  	
  Timothy S. Peterson

  
	
   

  	
   

  	
   

  	
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  NUVEEN DIVERSIFIED DIVIDEND

  
	
   

  	
   

  	
  AND INCOME FUND, as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: Symphony Asset Management LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Lenny Mason

  
	
   

  	
   

  	
   

  	
  Name: 
  Lenny Mason

  
	
   

  	
   

  	
   

  	
  Title:    Portfolio Manager

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  NUVEEN SENIOR INCOME FUND, as a

  
	
   

  	
   

  	
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: Symphony Asset Management LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Lenny Mason

  
	
   

  	
   

  	
   

  	
  Name: 
  Lenny Mason

  
	
   

  	
   

  	
   

  	
  Title:    Portfolio Manager

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
   

  	
  NUVEEN TAX-ADVANTAGED TOTAL

  
	
   

  	
   

  	
  RETURN STRATEGY FUND, as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: Symphony Asset Management LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Lenny Mason

  
	
   

  	
   

  	
   

  	
  Name: 
  Lenny Mason

  
	
   

  	
   

  	
   

  	
  Title:    Portfolio Manager

  

 

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   TRS ARIA LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Alice L. Wagner

  
	
   

  	
   

  	
   

  	
     Name:  Alice L. Wagner

  
	
   

  	
   

  	
   

  	
     Title:    Vice President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   Toronto Dominion (New York), Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Masood Fikree

  
	
   

  	
   

  	
   

  	
     Name:  Masood Fikree

  
	
   

  	
   

  	
   

  	
     Title:  Vice
  President

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   APEX (Trimaran) CDO I, LTD

  
	
   

  	
   

  	
   By Trimaran Advisors L.L.C.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ David M. Millison

  
	
   

  	
   

  	
   

  	
     Name:  David M. Millison

  
	
   

  	
   

  	
   

  	
     Title:  Managing
  Director

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   SAWGRASS TRADING LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
     Name:  MEREDITH J. KOSLICK

  
	
   

  	
   

  	
   

  	
     Title:  ASSISTANT
  VICE PRESIDENT

  

 

SIGNATURE PAGE TO

AMENDMENT NO. 1
TO

SENSUS METERING SYSTEMS INC.

CREDIT AGREEMENT

 

	
   

  	
  Name of Lender:

  	
   VAN KAMPEN

   SENIOR INCOME TRUST

  
	
   

  	
   By:  Van Kampen
  Investment Advisory Corp.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Darvin Pierce

  
	
   

  	
   

  	
   

  	
     Name:  DARVIN PIERCE

  
	
   

  	
   

  	
   

  	
     Title:  EXECUTIVE
  DIRECTOR

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]