Document:

Foreign Subsidiary Employee Stock Purchase Plan

  
 EXHIBIT 10.A 
  
 MENTOR GRAPHICS CORPORATION 
 FOREIGN SUBSIDIARY EMPLOYEE STOCK PURCHASE PLAN

 (as adopted on May 7, 2002) 
  
 1.    Purpose of the Plan.    Mentor Graphics Corporation (Company) believes that ownership of shares of its common stock by employees of its subsidiaries is desirable as an incentive to
better performance and improvement of profits, and as a means by which employees may share in the Company’s growth and success. The Company has previously operated its 1989 Employee Stock Purchase Plan (1989 Plan) pursuant to which employees of
the Company and designated subsidiaries have had a similar opportunity to purchase common stock. The purpose of the Company’s Foreign Subsidiary Employee Stock Purchase Plan (Plan) is to provide an alternative to the 1989 Plan as a means by
which employees of selected foreign subsidiaries may purchase the Company’s shares and a method by which the Company may assist and encourage those employees to become shareholders. 
  
 2.    Shares Reserved for the Plan.    There are 150,000 shares of the Company’s authorized but unissued or reacquired
Common Stock, no par value (Common Stock), reserved for the Plan. The number of shares reserved is subject to adjustment in the event of stock dividends, stock splits, combinations of shares, recapitalizations or other changes in the outstanding
Common Stock. The determination of whether an adjustment shall be made and the manner of any adjustment shall be made by a compensation committee (Committee) appointed by the Board of Directors of the Company without any further approval from the
shareholders, which determination shall be conclusive. 
  
 3.    Administration of the
Plan.    The Plan shall be administered by the Committee. The Committee may promulgate rules and regulations for the operation of the Plan, adopt forms for use in connection with the Plan, and decide any question of
interpretation of the Plan or rights arising thereunder. All determinations and decisions of the Committee shall be conclusive. 
  
 4.    Eligible Employees; UK/France Employees.    Except as provided below, all regular employees of each corporate subsidiary of the Company that is designated by the Committee as a
participant in the Plan (Participating Subsidiary) are eligible to participate in the Plan. Any employee who would after an offering pursuant to the Plan own or be deemed (under section 424(d) of the Internal Revenue Code of 1986, as amended (IRC))
to own stock (including stock that may be purchased under any outstanding options) possessing 5 percent or more of the total combined voting power or value of all classes of stock of the Company or, if applicable, its parent or subsidiaries, shall
be ineligible to participate in the Plan. A regular employee is one who is in the active service of any Participating Subsidiary on the applicable Offering Date (as defined below), excluding, however, any employee whose customary employment is 20 or
fewer hours per week or whose customary employment is for not more than five months per calendar year. As used in the Plan, the term “UK/France Employee” means a regular employee of a Participating Subsidiary who has his or her home office
in the United Kingdom or France. 
  
 5.    Offerings. 
  
 (a)    Offerings and Purchase Periods.    The Plan shall be implemented by a series of
overlapping two-year offerings (Two-Year Offerings) with a new Two-Year Offering commencing on January 1 and July 1 of each year beginning with July 1, 2002; provided, however that with respect to UK/France Employees, the Plan shall be implemented
by a series of six-month offerings (Six-Month Offerings, and together with the Two-Year Offerings, the Offerings) with a new Six-Month Offering commencing on January 1 and July 1 of each year beginning with July 1, 2002. Accordingly, up to four
separate Two-Year Offerings may be in process at any time, but an employee may only participate in one 

 

  
 Offering at a time. The first day of each Offering is the “Offering Date” for that Offering.
Each Two-Year Offering shall end on the second anniversary of its Offering Date and each Six-Month Offering shall end on the date six months after its Offering Date. Each Two-Year Offering shall be divided into four six-month purchase periods
(Purchase Periods), one of which shall end on each January 1 and July 1 during the term of the Two-Year Offering, and each Six-Month Offering shall consist of a single six-month Purchase Period. The last day of each Purchase Period is a
“Purchase Date” for the applicable Offering. 
  
 (b)    Grants;
Limitations.    On each Offering Date, each eligible employee (Optionee) shall be granted an option under the Plan to purchase shares of Common Stock on the Purchase Date(s) for the Offering for the price determined under
paragraph 8 of the Plan exclusively through payroll deductions authorized under paragraph 6 of the Plan; provided, however, that (i) all options granted to Optionees who are UK/France Employees on the Offering Date shall be options to purchase
shares in the Six-Month Offering commencing on the Offering Date and all options granted to Optionees who are not UK/France Employees on the Offering Date shall be options to purchase shares in the Two-Year Offering commencing on the Offering Date,
(ii) no option shall permit the purchase of more than 1,600 shares on any Purchase Date, and (iii) no option may be granted pursuant to the Plan that would allow an Optionee’s right to purchase shares under all employee stock purchase plans of
the Company and its parent and subsidiaries to accrue at a rate that exceeds $25,000 of fair market value of shares (determined at the date of grant) for each calendar year in which such option is outstanding. For this purpose, the right to purchase
shares pursuant to a subscription accrues on the Purchase Date. 
  
 (c)    Special 2002
Purchase Date and Offering Date.    September 30, 2002 shall be a Purchase Date under the Plan resulting in short Purchase Periods running from July 1, 2002 to September 30, 2002 and from September 30, 2002 to January 1, 2003
for each Offering in process at that time. October 1, 2002 shall be an Offering Date under the Plan. The Offering commencing on October 1, 2002 to Optionees who are not UK/France Employees (Special Two-Year Offering) shall continue for 27 months and
end on January 1, 2005 but shall for all purposes of the Plan be considered a Two-Year Offering. The Offering commencing on October 1, 2002 to Optionees who are UK/France Employees (Special Six-Month Offering) shall continue for 3 months and
end with a Purchase Date on January 1, 2003 but shall for all purposes of the Plan be considered a Six-Month Offering. The first Purchase Date in the Special Two-Year Offering shall be on January 1, 2003 and subsequent Purchase Dates in the Special
Two-Year Offering shall occur every six months thereafter on July 1, 2003, January 1, 2004, July 1, 2004 and January 1, 2005. Paragraph 9 of the Plan shall not apply to the Purchase Date occurring on September 30, 2002; instead, if the fair market
value of a share of Common Stock on the Offering Date of the Special Two-Year Offering is less than the fair market value of a share of Common Stock was on the Offering Date of any prior Two-Year Offering in process at that time, then every
participant in each such prior Two-Year Offering shall automatically be withdrawn from such prior Two-Year Offering and be enrolled in the Special Two-Year Offering. Similarly, if the fair market value of a share of Common Stock on the Offering Date
of the Special Six-Month Offering is less than the fair market value of a share of Common Stock was on the Offering Date of the prior Six-Month Offering in process at that time, then every participant in such prior Six-Month Offering shall
automatically be withdrawn from such prior Six-Month Offering and be enrolled in the Special Six-Month Offering. Notwithstanding language to the contrary in paragraph 6 of the Plan, Optionees may submit their subscription and payroll deduction
authorizations to commence participation in the Special Two-Year Offering or the Special Six-Month Offering, as the case may be, or may amend payroll deduction authorizations effective for the first paycheck during such Special Offerings, at any
time on or before various dates to be determined by the Company based on payroll practices in their respective countries of employment. This paragraph 5(c) was added to the Plan by an amendment adopted by the Board of Directors on September 11, 2002
and shall expire and cease to be a part of the Plan once the Special Two-Year Offering has expired. 

 
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 6.    Participation in the Plan. 

 
 (a)    Initiating Participation.    Optionees may participate in an Offering
under the Plan by submitting to the Company, in the form specified by the Company, a subscription and payroll deduction authorization. The subscription and payroll deduction authorization must be submitted no later than 10 days prior to the Offering
Date. Once submitted, a subscription and payroll deduction authorization shall remain in effect unless amended or terminated, and upon the expiration of an Offering the participants in that Offering will be automatically enrolled in the new Offering
starting the same day. The payroll deduction authorization will authorize the employing corporation to deduct a specific amount from each of the Optionee’s regular paychecks during the Offering other than a paycheck issued on the Offering Date.
The Optionee may not specify a payroll deduction amount that is less than $10 or greater than 10 percent of the gross amount of the Optionee’s base salary, bonus compensation, hourly compensation, including overtime pay, and commission
earnings, for each payroll period. Each Participating Subsidiary will promptly remit the amount of payroll deductions to the Company. If an employee who is participating in the 1989 Plan ceases to be eligible to participate in the 1989 Plan and
simultaneously becomes eligible to participate in this Plan, either as a result of a change in employing corporation or a determination by the Committee that the participant’s employing corporation shall be a Participating Subsidiary under this
Plan and shall no longer be a participating subsidiary under the 1989 Plan, the participant’s subscription and payroll deduction authorization submitted under the 1989 Plan shall be deemed to have been submitted under this Plan and shall be
effective for the next Offering under this Plan commencing on or after the date of the change in the employee’s status. 
  
 (b)    Amending Participation.    After an Optionee has begun participating in the Plan by initiating payroll deductions, the Optionee may not amend the payroll deduction authorization
except for an amendment effective for the first paycheck following a Purchase Date. Notwithstanding the foregoing, if the amount of payroll deductions from any Optionee during any Purchase Period of an Offering exceeds the maximum amount that can be
applied to purchase shares on the next Purchase Date of that Offering under the limitations set forth in paragraph 5(b) of the Plan, then (i) as soon as practicable following a written request from the Optionee, payroll deductions from the Optionee
shall be suspended and all such excess amounts shall be refunded to the Optionee, (ii) the Optionee shall not as a result of such suspension be considered to have terminated participation in the Offering, and (iii) payroll deductions from the
Optionee shall resume as of the next Purchase Period at the rate set forth in the Optionee’s then effective payroll deduction authorization. 
  
 (c)    Terminating Participation.    After an Optionee has begun participating in the Plan by initiating payroll deductions, the Optionee may terminate
participation in the Plan any time prior to the tenth day before a Purchase Date by notice to the Company in the form specified by the Company. Participation in the Plan shall also terminate when an Optionee ceases to be eligible to participate in
the Plan for any reason, including death, retirement or the Optionee’s employing corporation ceasing to be a Participating Subsidiary. An Optionee may not reinstate participation in the Plan with respect to a particular Offering after once
terminating participation in the Plan with respect to that Offering. Upon termination of an Optionee’s participation in the Plan, the Company will pay to the Optionee all amounts deducted from the Optionee’s pay and not yet used to
purchase shares under the Plan. 
  
 (d)    UK/France Employee Change in
Status.    If a UK/France Employee who is participating in the Plan ceases to be a UK/France Employee but continues to be eligible to participate in this Plan as a result of a change in his or her home office to a location
outside of the United Kingdom or France, the employee shall continue to participate in the Six-Month Offering underway at the time of the change and shall be eligible for the next Two-Year Offering commencing on or after the date of the change. If a
non-UK/France Employee who is participating in the Plan becomes a UK/France Employee as a result of a change in his or her home office to a location in the United Kingdom or France, the 

 
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 employee shall continue to participate in the Two-Year Offering underway at the time of the change only
until the next Purchase Date in that Offering and shall then be enrolled in the Six-Month Offering commencing on that Purchase Date. 
  
 7.    Purchase of Shares.    All amounts withheld from the pay of an Optionee shall be credited to the Optionee’s account under the Plan by the Custodian appointed under
paragraph 10. The amounts withheld may be accumulated by the Company and paid to the Custodian at any time prior to the Purchase Date. No interest will be paid on the amounts accumulated by the Company or the amounts held in any account maintained
by the Custodian. On each Purchase Date, the amount of the account of each Optionee will be applied to purchase of shares by that Optionee from the Company. Although an Optionee’s account may reflect a fraction of a share, no fractional shares
will be sold by the Company or delivered pursuant to paragraph 10. Any cash balance remaining in an Optionee’s account after a Purchase Date or upon termination of participation shall be refunded to the Optionee. 
  
 8.    Option Price.    The price at which Common Stock shall be purchased on any Purchase
Date in an Offering shall be the lesser of (i) 85 percent of the fair market value of a share of Common Stock on the Offering Date of the Offering, or (ii) 85 percent of the fair market value of a share of Common Stock on the Purchase Date. The fair
market value of a share of Common Stock on any date shall be the closing price on the immediately preceding trading day as reported by the Nasdaq National Market or, if the Common Stock is not reported on the Nasdaq National Market, such other
reported value of the Common Stock as shall be specified by the Board of Directors. 
  
 9.    Automatic Withdrawal and Re-enrollment.    If the fair market value of a share of Common Stock on any Purchase Date of a Two-Year Offering is less than the fair market value of a
share of Common Stock was on the Offering Date for such Two-Year Offering, then every participant in that Two-Year Offering shall automatically (a) be withdrawn from such Two-Year Offering after the acquisition of the shares of Common Stock on such
Purchase Date, and (b) be enrolled in the new Two-Year Offering commencing on such Purchase Date. 
  
 10.    Delivery and Custody of Shares.    Shares purchased by Optionees pursuant to the Plan shall be delivered to and held in the custody of such investment or financial firms (each a
Custodian) as shall be appointed by the Committee. By appropriate instructions to the Custodian on forms to be provided for that purpose, an Optionee may from time to time (a) sell all or part of the shares held by the Custodian for the
Optionee’s account at the market price at the time the order is executed, (b) obtain transfer into the Optionee’s own name of all or part of the shares held by the Custodian for the Optionee’s account and delivery of such shares to
the Optionee, or (c) obtain transfer of all or part of the shares held for the Optionee’s account by the Custodian to a regular individual brokerage account in the Optionee’s own name, either with the firm then acting as Custodian or with
another firm. 
  
 11.    Records and Statements.    The Custodian will
maintain the records of the Plan. As soon as practicable after each Purchase Date each Optionee shall receive a statement showing the activity of the Optionee’s account since the last Purchase Date and the balance on the Purchase Date as to
both cash and shares. Optionees will be furnished such other reports and statements, and at such intervals, as the Committee shall determine from time to time. 
  
 12.    Expenses of the Plan.    The Company will pay all expenses incident to operation of the Plan, including costs of recordkeeping, accounting fees,
legal fees, commissions and issue or transfer taxes on purchases pursuant to the Plan. 
  
 13.    Rights Not Transferable.    The right to purchase shares under this Plan is not transferable by an Optionee and is exercisable during the Optionee’s lifetime only by the
Optionee. 

 
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 14.    Dividends and Other
Distributions.    Cash dividends and other cash distributions, if any, on shares held by the Custodian will be paid currently to the Optionees entitled thereto unless the Company subsequently adopts a dividend reinvestment
plan and the Optionee directs that cash dividends be invested in accordance with such plan. Stock dividends and other distributions in shares of the Company on shares held by the Custodian shall be issued to the Custodian and held by it for the
account of the respective Optionees entitled thereto. 
  
 15.    Voting and Shareholder
Communications.    In connection with voting on any matter submitted to the shareholders of the Company, the Custodian will cause the shares held by the Custodian for each Optionee’s account to be voted in accordance
with instructions from the Optionee or, if requested by an Optionee, will furnish to the Optionee a proxy authorizing the Optionee to vote the shares held by the Custodian for the Optionee’s account. Copies of all general communications to
shareholders of the Company will be sent to Optionees participating in the Plan. 
  
 16.    Tax Withholding.    Each Optionee who has purchased shares under the Plan shall immediately upon notification of the amount due, if any, pay to the Company in cash amounts
necessary to satisfy any applicable federal, state and local tax withholding determined by the Company to be required. If the Company determines that additional withholding is required beyond any amount deposited at the time of purchase, the
Optionee shall pay such amount to the Company on demand. If the Optionee fails to pay the amount demanded, the Company may withhold that amount from other amounts payable by the Company to the Optionee, including salary, subject to applicable law.

  
 17.    Responsibility.    Neither the Company, its Board of
Directors, the Committee, any Participating Subsidiary, nor any officer or employee of any of them shall be liable to any Optionee under the Plan for any mistake of judgment or for any omission or wrongful act unless resulting from willful
misconduct or intentional misfeasance. 
  
 18.    Conditions and
Approvals.    The obligations of the Company under the Plan shall be subject to compliance with all applicable state and federal laws and regulations, the rules of any stock exchange on which the Company’s securities may
be listed, and the approval of federal and state authorities or agencies with jurisdiction in the matter. The Company will use its best efforts to comply with such laws, regulations and rules to obtain required approvals. 
  
 19.    Amendment of the Plan.    The Board of Directors may from time to time amend the
Plan in any and all respects. 
  
 20.    Termination of the
Plan.    The Plan shall terminate when all of the shares reserved for purposes of the Plan have been purchased, provided that the Board of Directors in its sole discretion may at any time terminate the Plan without any
obligation on account of such termination, except that such termination shall not affect previously granted options still outstanding. 

 
 5First Amendment to Credit Agreement

 Exhibit 10.1 
  
 FIRST AMENDMENT 
 TO CREDIT AGREEMENT 
  
 THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of October 25, 2002, is by and among FISHER BROADCASTING COMPANY (the
“Borrower”), certain Subsidiaries of the Borrower (the “Guarantors”), the Lenders that agree to the terms hereof and WACHOVIA BANK, NATIONAL ASSOCIATION (successor to First Union National Bank)
(“Wachovia”), in its capacity as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”), BANK OF AMERICA, N.A.and THE BANK OF NEW YORK, as co-syndication agents for the
Lenders hereunder (in such capacity, the “Co-Syndication Agents”), and NATIONAL CITY BANK, as documentation agent for the Lenders hereunder (in such capacity, the “Documentation Agent”). Capitalized terms
used herein without definition shall have the meanings given to them in that certain Credit Agreement described below. 
  
 W I T N E S S E T H 
  
 WHEREAS, the Borrower, the Guarantors, the Lenders party thereto and
the Administrative Agent, Bank of America, N.A. and The Bank of New York, as Co-Syndication Agents, and National City Bank, as Documentation Agent, have entered into that certain Credit Agreement dated as of March 21, 2002 (as amended, modified,
supplemented or restated from time to time, the “Credit Agreement”); 
  
 WHEREAS, the Borrower has
requested certain amendments to the Credit Agreement; and 
  
 WHEREAS, the Required Lenders have agreed to such
amendments subject to the terms and conditions set forth herein. 
  
 NOW, THEREFORE, in consideration of the
agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
  
 ARTICLE I 
 AMENDMENTS TO CREDIT AGREEMENT 
  
 1.1    Amendment to Definition of “Applicable Percentage”. The pricing grid set forth in the
definition of “Applicable Percentage” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

 
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	 Level
 
	  	 Leverage Ratio
 
	    	 Alternate Base Rate Margin for Revolving Loans and Tranche A Term Loans
 
	    	 LIBOR Rate Margin
 for Revolving
Loans, Tranche A Term Loans and Letter of Credit Fee
 
	    	 Alternate Base Rate Margin for
 Tranche B Term Loans
 
	  	 LIBOR Rate Margin
 for Tranche B Term
Loans
 
	  	 Commitment Fee
 

	 
	 I
 	  	 3
5.5 to 1.0
 	    	 2.75%
 	    	 4.00%
 	    	 3.25%
 	  	 4.50%
 	  	 0.625%
 
	 
	 II
 	  	 3
5.0 to 1.0 but < 5.5 to 1.0
 	    	 2.75%
 	    	 4.00%
 	    	 3.25%
 	  	 4.50%
 	  	 0.625%
 
	 
	 III
 	  	 3
4.5 to 1.0 but < 5.0 to 1.0
 	    	 2.00%
 	    	 3.25%
 	    	 3.25%
 	  	 4.50%
 	  	 0.500%
 
	 
	 IIII
 	  	 3
4.0 to 1.0 but < 4.5 to 1.0
 	    	 1.75%
 	    	 3.00%
 	    	 3.25%
 	  	 4.50%
 	  	 0.500%
 
	 
	 V
 	  	 3
3.5 to 1.0 but < 4.0 to 1.0
 	    	 1.50%
 	    	 2.75%
 	    	 3.25%
 	  	 4.50%
 	  	 0.500%
 
	 
	 VI
 	  	 3
3.0 to 1.0 but < 3.5 to 1.0
 	    	 1.25%
 	    	 2.50%
 	    	 3.25%
 	  	 4.50%
 	  	 0.375%
 
	 
	 VII
 	  	 3
2.5 to 1.0 but < 3.0 to 1.0
 	    	 1.00%
 	    	 2.25%
 	    	 2.75%
 	  	 4.00%
 	  	 0.375%
 
	 
	 VIII
 	  	 < 2.5 to 1.0
 	    	 0.75%
 	    	 2.00%
 	    	 2.75%
 	  	 4.00%
 	  	 0.375%
 

 
  
 The Credit Parties and the Lenders acknowledge and agree that the foregoing modifications
to the pricing grid will become effective on the date this Amendment is effective pursuant to the terms hereof and the amended interest rate levels set forth in such pricing grid shall apply to all Loans outstanding as of such date as well as any
Loan made after such date. 
  
 1.2    Amendment to Asset Disposition Mandatory
Prepayment.    Section 2.8(b)(iii) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
  
 2.8    Prepayments. 
  
 ************ 
  
 (b)    Mandatory Prepayments. 

 
 ************ 
  
 (iii)    Asset Dispositions.    Promptly following any Asset Disposition, the Borrower shall prepay the
Loans in an aggregate amount equal to 100% of the Net Cash Proceeds derived from such Asset Disposition (such prepayment to be applied as set forth in clause (vii) below); provided, however, that the Net Cash Proceeds from an Asset
Disposition (other than an Asset Disposition made pursuant to Section 6.5(a)(iv)) shall not be required to be so applied if (A) such Asset Disposition occurs on or after January 1, 2003 and (B) the Borrower delivers to the Administrative Agent a
certificate stating that a Credit Party intends to use such Net Cash Proceeds to acquire fixed or capital assets in
 

 
 2 

 
replacement of the disposed assets within 270 days of the receipt of such Net Cash Proceeds, it being expressly agreed that any Net Cash Proceeds not so reinvested shall be applied to repay the
Loans immediately thereafter. 
  
 1.3    Amendment to Financial
Covenants.    Sections 5.9(a), (b) and (d) of the Credit Agreement are hereby amended and restated in their entirety to read as follows: 
  
 5.9    Financial Covenants. 
  
 (a)    Leverage Ratio.    At all times, the Leverage Ratio during the following periods shall be less than or equal to the ratios corresponding to such
periods: 
  
 
	 Period
 
	  	 Maximum Ratio
 

	 Closing Date through September 29, 2002
 	  	 5.75 to 1.0
 
	 September 30, 2002 through June 29, 2003
 	  	 6.00 to 1.0
 
	 June 30, 2003 through September 29, 2003
 	  	 5.00 to 1.0
 
	 September 30, 2003 through June 29, 2004
 	  	 4.75 to 1.0
 
	 June 30, 2004 through September 29, 2004
 	  	 4.50 to 1.0
 
	 September 30, 2004 through December 30, 2004
 	  	 4.00 to 1.0
 
	 December 31, 2004 and thereafter
 	  	 3.00 to 1.0
 

 
  
 (b)    Interest Coverage
Ratio.    At all times, the Interest Coverage Ratio during the following periods shall be greater than or equal to the ratios corresponding to such periods: 
  
 
	 Period
 
	  	 Minimum Ratio
 

	 Closing Date through September 29, 2002
 	  	 2.25 to 1.0
 
	 September 30, 2002 through March 30, 2004
 	  	 1.75 to 1.0
 
	 March 31, 2004 through June 29, 2004
 	  	 2.00 to 1.0
 
	 June 30, 2004 through September 29, 2004
 	  	 2.25 to 1.0
 
	 September 30, 2004 through December 30, 2004
 	  	 2.75 to 1.0
 
	 December 31, 2004 and thereafter
 	  	 3.00 to 1.0
 

 
  
 ************ 
  
 (d)    Consolidated Capital Expenditures.    Consolidated Capital
Expenditures made in cash by the Credit Parties shall not exceed (i) $5,500,000 in fiscal year 2002 and (ii) $5,000,000 in any fiscal year thereafter. 

 
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 ARTICLE II 
 CONDITIONS TO EFFECTIVENESS 
  
 2.1    Closing Conditions.

  
 This Amendment shall become effective as of the date first above written upon satisfaction of the following
conditions (in form and substance reasonably acceptable to the Administrative Agent): 
  
 (a)    Executed Amendment.    Receipt by the Administrative Agent of a copy of this Amendment duly executed by each of the Credit Parties and the Required Lenders. 

 
 (b)    Resolutions.    Receipt by the Administrative Agent of
copies of resolutions of the Board of Directors of each of the Credit Parties approving and adopting this Amendment, the transactions contemplated herein and authorizing execution and delivery hereof, certified by a secretary or assistant secretary
of such Credit Party to be true and correct and in force and effect as of the date hereof. 
  
 (c)    Incumbency Certificate.    Receipt by the Administrative Agent of an incumbency certificate with respect to each of the Credit Parties. 
  
 (d)    Legal Opinion.    Receipt by the Administrative Agent of an opinion
from counsel to the Credit Parties relating to this Amendment and the transactions contemplated herein, in form and substance satisfactory to the Administrative Agent, addressed to the Administrative Agent and the Lenders and dated as of the date
hereof. 
  
 (e)    Fees.    (i) Receipt by the
Administrative Agent, on behalf of each Lender that executes this Amendment by 5:00 p.m. (EST) on Friday, October 25, 2002, of an amendment fee equal 0.25% of such Lender’s aggregate Commitments; (ii) receipt by Wachovia of all fees due and
payable pursuant to that certain fee letter, dated as of October 10, 2002, between the Borrower and Wachovia; and (iii) receipt by the Administrative Agent of all fees and expenses of the Administrative Agent in connection with the preparation,
execution and delivery of this Amendment, including, without limitation, the fees and expenses of Moore & Van Allen PLLC. 
  
 ARTICLE III 
 MISCELLANEOUS 
  
 3.1    Amended Terms.    The term “Credit Agreement” as used in each of the Credit Documents shall hereafter mean the Credit Agreement as amended by this Amendment.
Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms. 

 
 4 

  
 3.2    Representations and Warranties of Credit
Parties.    Each of the Credit Parties represents and warrants as follows: 
  
 (a)    It has taken all necessary action to authorize the execution, delivery and performance of this Amendment. 
  
 (b)    This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding
obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights
generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity). 
  
 (c)    No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection
with the execution, delivery or performance by such Person of this Amendment. 
  
 (d)    The representations and warranties set forth in Article III of the Credit Agreement are true and correct in all material respects as of the date hereof (except for those which expressly relate to an earlier
date). 
  
 3.3    Acknowledgment of Guarantors.    The
Guarantors acknowledge and consent to all of the terms and conditions of this Amendment and agree that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge the Guarantors’ obligations under the
Credit Documents. 
  
 3.4    Credit Document.    This Amendment
shall constitute a Credit Document under the terms of the Credit Agreement. 
  
 3.5    Entirety.    This Amendment and the other Credit Documents embody the entire agreement between the parties hereto and supersede all prior agreements and understandings,
oral or written, if any, relating to the subject matter hereof. 
  
 3.6    Counterparts;
Telecopy.    This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an
executed counterpart to this Amendment by telecopy shall be effective as an original and shall constitute a representation that an original will be delivered. 
  
 3.7    General Release.    In consideration of the Required Lenders entering into this Amendment, the Credit Parties hereby release the
Administrative Agent, the Lenders, and the Administrative Agent’s and the Lenders’ respective officers, employees, representatives, agents, counsel and directors from any and all actions, causes of action, claims, demands, damages and
liabilities of whatever kind or nature, in law or in equity, now known or unknown, suspected or unsuspected to the extent that any of the foregoing arises from any action or failure to act under the Credit Agreement on or prior to the date hereof.

 
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 3.8    GOVERNING LAW.    THIS
AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  
 3.9    Consent to Jurisdiction; Service of Process; Waiver of Jury Trial.    The jurisdiction, services of process and
waiver of jury trial provisions set forth in Sections 9.14 and 9.17 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis. 

 
 6 

  
 IN WITNESS WHEREOF the Borrower, the Guarantors and the Required Lenders have
caused this Amendment to be duly executed on the date first above written. 
  
 
	 BORROWER:
 	 	  	 	 FISHER BROADCASTING COMPANY,
 a Washington corporation

	 
	  	 	  	 	  	 	 By:
 	 	 /s/ David D. Hillard
 

	  	 	  	 	  	 	 Name: David D. Hillard
 Title: Assistant Secretary
 
	 
	 GUARANTORS:
 	 	  	 	 FISHER RADIO REGIONAL GROUP INC.,
 a Washington
corporation
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ David D. Hillard
 

	  	 	  	 	  	 	 Name: David D. Hillard
 Title: Assistant Secretary
 
	 
	  	 	  	 	  	 	 FISHER BROADCASTING-PORTLAND RADIO, L.L.C., a Delaware limited liability company
  
 FISHER BROADCASTING-SEATTLE RADIO, L.L.C., a Delaware limited liability company
  
 FISHER BROADCASTING-PORTLAND TV, L.L.C., a Delaware limited liability company
  
 FISHER BROADCASTING-SEATTLE TV, L.L.C., a Delaware limited liability company
  
 FISHER BROADCASTING-S.E.
IDAHO TV, L.L.C., a Delaware limited liability company
  
 FISHER BROADCASTING-IDAHO TV, L.L.C., a Delaware limited
liability company
  
 FISHER BROADCASTING-GEORGIA TV, L.L.C., a Delaware limited liability company

 
 FISHER BROADCASTING-OREGON TV, L.L.C., a Delaware limited liability company
 
	 
	  	 	  	 	  	 	 FISHER BROADCASTING-WASHINGTON TV, L.L.C., a Delaware limited liability company
 
	  	 	  	 	  	 	 By:
 	 	 Fisher Broadcasting Company,
 its sole member
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ David D. Hillard
 

	  	 	  	 	  	 	 Name: David D. Hillard
 Title: Assistant Secretary
 

 

 

  
 
	 ADMINISTRATIVE AGENT AND LENDERS:
 	 	  	 	 WACHOVIA BANK, NATIONAL ASSOCIATION
 as Administrative Agent and as a
Lender
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Lawrence P. Sullivan
 

	  	 	  	 	  	 	 Name: Lawrence P. Sullivan
 Title: Vice President
 

 

 

  
 
	 LENDERS:
 	 	  	 	 BANK OF AMERICA, N.A.
 as a Co-Syndication Agent and as a
Lender
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Mark N. Crawford
 

	  	 	  	 	  	 	 Name: Mark N. Crawford
 Title: Senior Vice President
 
	 
	  	 	  	 	  	 	 THE BANK OF NEW YORK
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Stephen M. Nettler
 

	  	 	  	 	  	 	 Name: Stephen M. Nettler
 Title: Vice President
 
	 
	  	 	  	 	  	 	 NATIONAL CITY BANK
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Timothy J. Ambrose
 

	  	 	  	 	  	 	 Name: Timothy J. Ambrose
 Title: Vice President
 
	 
	  	 	  	 	  	 	 WASHINGTON MUTUAL BANK
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Vance Gledhill
 

	  	 	  	 	  	 	 Name: Vance Gledhill
 Title: Vice President
 
	 
	  	 	  	 	  	 	 GENERAL ELECTRIC CAPITAL CORP
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Susun Timmerman
 

	  	 	  	 	  	 	  	 	 Name: Susun Timmerman
 Title: Sr. Risk Manager
 
	 
	  	 	  	 	  	 	 LANDMARK CDO LTD.
 LANDMARK II CDO LTD.
 
	 
	  	 	  	 	  	 	 By:
 	 	 Aladdin Asset Management LLC
 as Manager
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Gilles Marchand
 

	  	 	  	 	  	 	 Name: Gilles Marchand
 Title: Authorized Signatory
 

 

 

  
 
	  	 	  	 	 NEW ALLIANCE GLOBAL CDO, LIMITED
 
	 
	  	 	  	 	  	 	 By:
 	 	 Alliance Capital Management L.P.,
 as Sub-advisor
 
	  	 	  	 	  	 	 By:
 	 	 Alliance Capital Management Corporation
 as General Partner
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Robert Bayer
 

	  	 	  	 	  	 	 Name: Robert Bayer
 Title: Vice President
 
	 
	  	 	  	 	  	 	 BANK OF MONTREAL
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ S. Valia
 

	  	 	  	 	  	 	 Name: S. Valia
 Title: MD
 
	 
	  	 	  	 	  	 	 BLACK DIAMOND CLO 2000-1 LTD.
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ David Dyer
 

	  	 	  	 	  	 	 Name: David Dyer
 Title: Director
 
	 
	  	 	  	 	  	 	 BLACK DIAMOND INTERNATIONAL FUNDING, LTD.
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ David Dyer
 

	  	 	  	 	  	 	 Name: David Dyer
 Title:
 
	 
	  	 	  	 	  	 	 TRS1 LLC
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Rosemary F. Dunne
 

	  	 	  	 	  	 	 Name: Rosemary F. Dunne
 Title: Attorney-in-Fact
 
	 
	  	 	  	 	  	 	 STANWICH LOAN FUNDING LLC
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Diana L. Mushill
 

	  	 	  	 	  	 	 Name: Diana L. Mushill
 Title: Asst. Vice President
 

 

 

  
 
	  	 	  	 	 Sierra CLO I
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ John M. Casparian
 

	  	 	  	 	  	 	 Name: John M. Casparian
 Title: Chief Operating Officer

          Centre Pacific, Manager
 
	 
	  	 	  	 	  	 	 BRYN MAWR CLO, Ltd.
 
	 
	  	 	  	 	  	 	 By:
 	 	 Deerfield Capital Management LLC as its Collateral Manager
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Dale Burrow
 

	  	 	  	 	  	 	 Name: Dale Burrow
 Title: Senior Vice President
 
	 
	  	 	  	 	  	 	 OLYMPIC FUNDING TRUST, SERIES 1999-1
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Diana L. Mushill
 

	  	 	  	 	  	 	 Name: Diana L. Mushill
 Title: Authorized Agent
 
	 
	  	 	  	 	  	 	 ROSEMONT CLO, Ltd.
 
	 
	  	 	  	 	  	 	 By:
 	 	 Deerfield Capital Management LLC as its Collateral Manager
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Dale Burrow
 

	  	 	  	 	  	 	 Name: Dale Burrow
 Title: Senior Vice President
 
	 
	  	 	  	 	  	 	 APEX (IDM) CDO I, Ltd.
 
	 
	  	 	  	 	  	 	 By:
 	 	 David L. Babson & Company Inc. as Collateral Manager
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Adrienne Musgnug
 

	  	 	  	 	  	 	 Name: Adrienne Musgnug
 Title: Managing Director
 
	 
	  	 	  	 	  	 	 FLAGSHIP CLO 2001-1
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Eric S. Meyer
 

	  	 	  	 	  	 	 Name: Eric S Meyer
 Title: Director
 

 

 

  
 
	  	 	  	 	 FLAGSHIP CLO II
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Eric S. Meyer
 

	  	 	  	 	  	 	 Name: Eric S. Meyer
 Title: Attorney-in-fact
 
	 
	  	 	  	 	  	 	 PILGRIM CLO 1999-1 LTD
 
	 
	  	 	  	 	  	 	 By:
 	 	 ING Investments, LLC as its investment manager
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Jeffrey A. Bakalar
 

	  	 	  	 	  	 	 Name: Jeffrey A. Bakalar
 Title: Senior Vice President
 
	 
	  	 	  	 	  	 	 ING SENIOR INCOME FUND
 
	 
	  	 	  	 	  	 	 By:
 	 	 ING Investments, LLC as its investment manager
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Jeffrey A. Bakalar
 

	  	 	  	 	  	 	 Name: Jeffrey A. Bakalar
 Title: Senior Vice President
 
	 
	  	 	  	 	  	 	 ING PRIME RATE TRUST
 
	 
	  	 	  	 	  	 	 By:
 	 	 ING Investments, LLC as its investment manager
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Jeffrey A. Bakalar
 

	  	 	  	 	  	 	 Name: Jeffrey A. Bakalar
 Title: Senior Vice President
 
	 
	  	 	  	 	  	 	 OCTAGON INVESTMENT PARTNERS III, LTD.
 
	 
	  	 	  	 	  	 	 By:
 	 	 Octagon Credit Investors, LLC as Portfolio Manager
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Andrew D. Gordon
 

	  	 	  	 	  	 	 Name: Andrew D. Gordon
 Title: Portfolio Manager
 

 

 

  
 
	  	 	  	 	 OCTAGON INVESTMENT PARTNERS IV, LTD.
 
	 
	  	 	  	 	  	 	 By:
 	 	 Octagon Credit Investors, LLC as Portfolio Manager
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Andrew D. Gordon
 

	  	 	  	 	  	 	 Name: Andrew D. Gordon
 Title: Portfolio Manager
 
	 
	  	 	  	 	  	 	 HARBOUR VIEW CLO IV, LTD.
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Bill Campbell
 

	  	 	  	 	  	 	 Name: Bill Campbell
 Title: Manager
 
	 
	  	 	  	 	  	 	 OPPENHEIMER SENIOR FLOATING RATE FUND
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/ Bill Campbell
 

	  	 	  	 	  	 	 Name: Bill Campbell
 Title: Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}]]