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Exhibit 10.13  

 
 

FOURTH AMENDMENT    
    

        THIS FOURTH AMENDMENT ("Amendment"), dated as of November 5, 2003 (the "Amendment
Date"), is made between (i) INTRADO INC., INTRADO COMMUNICATIONS INC. and INTRADO COMMUNICATIONS OF VIRGINIA INC. (individually and collectively,
"Borrower"); and (ii) GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation ("Lender"); 

W
I T N E S S E T H: 

        WHEREAS,
pursuant to a certain Loan and Security Agreement, dated as of July 31, 2001, made between Borrower and Lender (hereinafter, as amended to date, called the
"Loan Agreement"), Lender agreed to extend credit to Borrower in accordance with, and subject to, the terms and conditions therein contained; and 

        WHEREAS,
Borrower has requested that Lender (a) extend the Stated Expiry Date for the Revolving Credit Loan (such terms and all other capitalized terms used in this recital and
not defined herein shall have the meanings assigned to them in the Loan Agreement) from July 31, 2004 to December 31, 2006, (b) modify the "Borrowing Availability" definition to
provide that Borrowing Availability will be limited by Adjusted EBITDA rather than by the Borrowing Base and (c) provide a "LIBOR Rate" option with respect to the Revolving Credit Loan; and 

        WHEREAS,
subject to the terms and conditions hereof, Lender is willing to make such accommodations to Borrower; 

        NOW,
THEREFORE, in consideration of the foregoing recitals, the mutual covenants and conditions herein contained, and for other good and valuable consideration, the receipt and
sufficiency of which
are hereby mutually acknowledged, Borrower and Lender agree to amend the Loan Agreement as follows: 

        1.    Incorporation of Definitions.    Capitalized terms used hereinbelow, but not expressly redefined hereinbelow,
shall have the meanings given to such terms in the Loan Agreement, as amended hereby. 

        2.    Amendment to Section 1.1 of the Loan Agreement.    Section 1.1 of the Loan Agreement is hereby
amended by deleting subsection (c) thereof in its entirety and substituting in lieu thereof the following revised subsection (c): 

        (c)   Borrower's
Agent shall provide to Lender concurrently with each Notice of Revolving Credit Advance a certification by the chief executive officer or chief financial
officer of Borrower's Agent that, after giving effect to the requested Revolving Credit Advance, the aggregate amount of all outstanding Revolving Credit Advances and Letter of Credit Obligations will
not exceed Borrowing Availability and showing in reasonable detail the calculations used in making such determination. 

        3.    Amendment to Section 1.2 of the Loan Agreement.    Section 1.2 of the Loan Agreement is hereby
amended by inserting the following parenthetical before the period at the end of subsection (a) thereof: 

(including,
without limitation, any application LIBOR funding breakage costs in accordance with Section 1.5(f)) 

        4.    Amendments to Section 1.5 of the Loan Agreement.    

        (a)   Section 1.5
of the Loan Agreement is hereby amended by deleting the first sentence of subsection (a) thereof and substituting in lieu thereof the following
sentence: 

Borrower
shall pay interest to Lender on the aggregate outstanding Revolving Credit Advances at a floating rate equal to the Index Rate plus one and
one-half percent (1.5%) per annum or, at the election of Borrower's Agent pursuant to Section 1.5(e) below, at a fixed 

 

rate
for the applicable LIBOR Period equal to the applicable LIBOR Rate plus three and three-fourths percent (3.75%) per annum (each of such rates, as
applicable, the "Revolving Credit Rate"). 

        (b)   Section 1.5
of the Loan Agreement is hereby further amended by deleting the first sentence of subsection (b) thereof and substituting in lieu thereof the
following sentences: 

Interest
shall be payable (i) as to any outstanding Revolving Credit Advance which is an Index Rate Loan, (A) in arrears for the preceding calendar month on the first day of each
calendar month, (B) on the Commitment Termination Date, and (C) if any interest accrues or remains payable after the Commitment Termination Date, upon demand by Lender and (ii) as
to any outstanding Revolving Credit Advance which is a LIBOR Loan, (A) in arrears for the applicable LIBOR Period, on the last day of the applicable LIBOR Period, (B) on the Commitment
Termination Date and (C) if any interest accrues or remains payable after the Commitment Termination Date, upon demand by Lender. 

        (c)   Section 1.5
of the Loan Agreement is hereby further amended by deleting subsection (c) thereof in its entirety and substituting in lieu thereof the
following revised subsection (c). 

(c)
Effective upon the occurrence of any Event of Default and for so long as any Event of Default shall be continuing, the applicable Revolving Credit Rate, the Letter of Credit Fee, the Term Loan
Rate and the applicable Second Term Loan Rate shall automatically be increased by two percentage points (2%) per annum (such increased rate, the "Default Rate"), and all outstanding Obligations,
including unpaid interest and Letter of Credit Fees, shall continue to accrue interest from the date of such Event of Default at the Default Rate applicable to such Obligations. 

        (d)   Section 1.5
of the Loan Agreement is hereby further amended by deleting subsections (e) and (f) thereof in their entireties and substituting in lieu
thereof the following revised subsections (c) and (f): 

(e)
Subject to the conditions precedent set forth in clauses (a), (b) and (c) of Section 2.2, Borrower's Agent shall have the option to (i) request that any Revolving
Credit Advance or Advances and/or all or any portion of the Second Term Loan be made as a LIBOR Loan, (ii) convert at any time any Revolving Credit Advance or Advances and/or all or any part of
outstanding Second Term Loan from Index Rate Loans to LIBOR Loans, (iii) convert any LIBOR Loan to an Index Rate Loan, subject to payment of LIBOR breakage costs in accordance with subsection
1.5(f) if such conversion is made prior to the expiration of the LIBOR Period applicable thereto, or (iv) continue any Revolving Credit Advance or Advances and/or all or any portion of the
Second Term Loan as a LIBOR Loan upon the expiration of the applicable LIBOR Period, and the succeeding LIBOR Period of that continued Loan shall commence on the first day after the last day of the
LIBOR Period of the Loan to be continued. Any Revolving Credit Advance or Revolving Credit Advances having the same proposed LIBOR Period to be made or continued as, or converted into, a LIBOR Loan
must be in a minimum amount of $1,000,000 and integral multiples of $500,000 in excess of such amount. Any Loan or group of Loans under the Second Term Loan having the same proposed LIBOR Period to be
made or continued as, or converted into, a LIBOR Loan must be in a minimum amount of $1,000,000 and integral multiples of $500,000 in excess of such amount. Any such election must be made by 12:00
noon (New York time) on the 3rd Business Day prior to (1) the date of the funding of any LIBOR Loan, (2) the end of each LIBOR Period with respect to any LIBOR Loans to be continued as
such, or (3) the date on which Borrower's Agent wishes to convert any Index Rate Loan to a LIBOR Loan for a LIBOR Period designated by Borrower's Agent in such election. If no election is
received with respect to a LIBOR Loan by 12:00 noon (New York time) on the 3rd Business Day prior to the end 

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of
the LIBOR Period with respect thereto (or if a Default has occurred and is continuing or if the additional conditions precedent set forth in clauses (a), (b) and (c) of
Section 2.2 shall not have been satisfied), that LIBOR Loan shall be converted to an Index Rate Loan at the end of its LIBOR Period. Borrower's Agent must make such election by notice to Lender
in writing, by telecopy or overnight courier. In the case of any conversion or continuation, such election must be made pursuant to a notice of conversion/continuation in form and substance
satisfactory to Lender. 

(f)
To induce Lender to provide the LIBOR Rate option with respect to the Revolving Credit Advances and the Second Term Loan on the terms provided herein, if (i) any LIBOR Loans are repaid in
whole or in part prior to the last day of any applicable LIBOR Period (whether that repayment is made pursuant to any provision of this Agreement or any other Loan Document or occurs as a result of
acceleration, by operation of law or otherwise); (ii) Borrower shall default in payment when due of the principal amount of or interest on any LIBOR Loan; (iii) Borrower shall refuse to
accept any borrowing of or shall request a termination of, any borrowing of, conversion into or continuation of, LIBOR Loans after Borrower's Agent has given notice requesting the same in accordance
herewith; or (iv) Borrower shall fail to make any prepayment of a LIBOR Loan after Borrower's Agent has given a notice thereof in accordance herewith, then Borrower shall indemnify and hold
harmless Lender from and against all losses, costs and expenses resulting from or arising from any of the foregoing. Such indemnification shall include any loss (including loss of margin) or expense
arising from the reemployment of funds obtained by it or from fees payable to terminate deposits from which such funds were obtained. For the purpose of calculating amounts payable to Lender under
this subsection, Lender shall be deemed to have actually funded the relevant LIBOR Loan through the purchase of a deposit bearing interest at the LIBOR Rate in an amount equal to the amount of that
LIBOR Loan and having a maturity comparable to the relevant LIBOR Period; provided that Lender may fund each of its LIBOR Loans in any manner it sees
fit, and the foregoing assumption shall be utilized only for the calculation of amounts payable under this subsection. This covenant shall survive the termination of
this Agreement and the payment of the Notes and all other amounts payable hereunder. As promptly as practicable under the circumstances, Lender shall provide Borrower's Agent with its written
calculation of all amounts payable pursuant to this Section 1.5(f), and such calculation shall be binding on the parties hereto unless Borrower's Agent shall object in writing within ten
(10) Business Days of receipt thereof, specifying the basis for such objection in detail. 

        5.    Amendment to Section 1.11 of the Loan Agreement.    Section 1.11 of the Loan Agreement is hereby
deleted in its entirety and the following revised Section 1.11 is hereby substituted in lieu thereof: 

1.11    Borrowing
Availability; Reserves.    The Borrowing Availability shall be determined by Lender based on the most recent certificate with respect thereto delivered to Lender
in accordance with Section 1.1 and such other information available to Lender. Without limiting any other rights and remedies of Lender hereunder or under the other Loan Documents, the
Revolving Credit Loan shall be subject to Lender's continuing right to withhold from Borrowing Availability reserves, and to increase and decrease such reserves from time to time, if and to the extent
that in Lender's good faith credit judgment such reserves are necessary, including to protect Lender's interest in the Collateral or to protect Lender against possible diminution of the value of any
Collateral or possible non-payment of any of the Obligations or for any Taxes or in respect of any state of facts which could constitute a Default. Lender shall give Borrower at least ten
(10) days prior written notice of the imposition of any such reserves 

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(unless
a Default then exists), stating with particularity the basis therefor; e.g., a collateral audit, and the facts and circumstances giving rise
thereto. 

        6.    Amendments to Section 2.2 of the Loan Agreement.    

(a)
Section 2.2 of the Loan Agreement is hereby amended by inserting after the parenthetical in the introduction thereof (which reads "(including the initial Loans)") the words "or to convert
or continue any Revolving Credit Advance or all or any portion of the Second Term Loan as a LIBOR Loan" (in lieu of the insertion thereto previously made pursuant to the Third Amendment). 

(b)
Section 2.2 of the Loan Agreement is hereby further amended by inserting after the word "Loan" in the first line of the last paragraph thereof (in lieu of the insertion thereto previously
made pursuant to the Third Amendment) the words "or the conversion or continuation of any Revolving Credit Advance or Advances or all or any portion of the Second Term Loan into, or as, a LIBOR Loan,
as the case may be". 

        7.    Amendment to Section 3.19 of the Loan Agreement.    Section 3.19 of the Loan Agreement is hereby
amended by deleting the first sentence thereof. 

        8.    Amendment to Section 4.1 of the Loan Agreement.    Section 4.1 of the Loan Agreement is hereby
amended by deleting clause (a) thereof. 

        9.    Amendments to Defined Terms.    The definitions of "Borrowing Availability", "Index Rate Loan" "LIBOR Periods"
"Loan" and "Stated Expiry Date" set forth in Schedule A to the Loan Agreement are hereby deleted in their entireties and the following revised
definitions are hereby substituted in lieu thereof: 

"Borrowing Availability" shall mean at any time, the lesser of (i) the Maximum Amount or
(ii) an amount equal to two times Adjusted EBITDA (as defined in Schedule G) determined on
a trailing twelve (12) months basis for the most recently ended Fiscal Month of Borrower for which Financial Statements and a compliance certificate have been delivered to Lender pursuant to
Section 4.1(b), in each case, less such reserves as may be established by Lender from time to time in its good faith discretion, as more
particularly described in Section 1.11. 

"Index Rate Loan" means any Revolving Credit Advance and/or the Second Term Loan or portion thereof, in each case bearing interest by reference to the
Index Rate. 

"LIBOR Loan" means any Revolving Credit Advance and/or the Second Term Loan or any portion thereof, in each case bearing interest by reference to the
LIBOR Rate. 

"LIBOR Period" means, with respect to any LIBOR Loan, each period commencing on a LIBOR Business Day selected by Borrower's Agent pursuant to the
Agreement and ending one, two or three months thereafter, as selected by Borrower's Agent's irrevocable notice to Lender as set forth in Section 1.5(e);  provided, that
the foregoing provision relating to LIBOR Periods is subject to the following: 

(a)
if any LIBOR Period would otherwise end on a day that is not a LIBOR Business Day, such LIBOR Period shall be extended to the next succeeding LIBOR Business Day unless the result of such extension
would be to carry such LIBOR Period into another calendar month in which event such LIBOR Period shall end on the immediately preceding LIBOR Business Day; 

(b)
any LIBOR Period that would otherwise extend beyond the Commitment Termination Date or the maturity date of the Second Term Loan, as applicable, shall end two (2) LIBOR Business Days prior
to such date; 

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(c)
any LIBOR Period that begins on the last LIBOR Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such LIBOR
Period) shall end on the last LIBOR Business Day of a calendar month; 

(d)
Borrower's Agent shall select LIBOR Periods so as not to require a payment or prepayment of any LIBOR Loan during a LIBOR Period for such Loan; and 

(e)
Borrower's Agent shall select LIBOR Periods so that there shall be no more than five (5) separate LIBOR Loans in existence at any one time. 

"Loans"
shall mean, collectively, (a) the Revolving Credit Loan (or, as the context shall require, any Index Rate Loan or LIBOR Loan made thereunder), including the Letter of Credit
Obligations, (b) the Term Loan and (c) the Second Term Loan, or, as the context shall require, any Index Rate Loan or LIBOR Loan made thereunder. "Loan" shall mean any of such loans, as
the context shall require. 

"Stated
Expiry Date" shall mean December 31, 2006. 

(b)
The definitions of "Borrowing Base", "Borrowing Base Certificate" and "Eligible Accounts" set forth in Schedule A to the Loan Agreement are
hereby deleted. 

        10.    Amendment to Schedule E of the Loan Agreement.    Schedule E of the Loan Agreement is hereby
amended by changing the words and figure "one-fourth of one percent (1/4%)" set forth in Section 1 to "one-half of one percent (1/2%)". 

        11.    Amendments to Exhibits to the Loan
Agreement.    Exhibit A to the Loan Agreement (Form of Notice of Revolving Credit Advance) is hereby deleted
and Exhibit A attached hereto is hereby substituted in lieu thereof. Exhibit B to the Loan
Agreement (Form of Borrowing Base Certificate) is hereby deleted. 

        12.    Conditions Precedent.    The amendments set forth herein shall not become effective unless and until
(a) Borrower shall have delivered to Lender resolutions of its board of directors, certified by the Secretary or an assistant Secretary of Borrower to be true, correct and complete authorizing
Borrower's execution and delivery of, and performance under, this Amendment and (b) Borrower shall have paid to Lender a closing fee in the amount of One Hundred Thousand Dollars ($100,000),
which fee shall be fully-earned upon payment. 

        13.    Effect of Amendment.    This Amendment shall become effective as of the date of satisfaction of the conditions
precedent set forth in Section 12 hereof. Except as set forth expressly herein, all terms of the Loan Agreement, as amended hereby, and the Loan Documents, shall be and remain in full force and
effect and shall constitute the legal, valid, binding and enforceable obligations of Borrower to Lender. To the extent any terms and conditions in any of the Loan Documents shall contradict or be in
conflict with any terms or conditions of the Loan Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified and amended accordingly to reflect the terms
and conditions of the Loan Agreement as modified and amended hereby. In any event, this Amendment and the documents executed in connection therewith shall not, individually or collectively, constitute
in any way a novation. 

        14.    Inducement Representations.    To induce Lender to enter into this Amendment, Borrower hereby
(a) restates and renews each and every representation and warranty heretofore made by it under, or in connection with the execution and delivery of, the Loan Agreement; (b) restates,
ratifies and reaffirms each and every term and condition set forth in the Loan Agreement, as amended hereby, and in the Loan Documents, effective as of the date hereof; (c) certifies that, as
of the date hereof, after giving effect hereto, no Event of Default or Default exists; (d) acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense,
counterclaim or objection in its favor as against Lender with respect to the payment or performance of its Obligations; (e) acknowledges and 

5

 

agrees
that Lender's Lien in the Collateral continues in full force and effect as security for all of the Obligations, including, without limitation, all of the Obligations of Borrower under and in
respect of the Revolving Credit Loans, the Term Loan and the Second Term Loan and (f) releases Lender from any and all liability for any action taken (or omitted to be taken) by Lender in
connection with the Loan Agreement or pursuant thereto through the date of this Amendment. 

        15.    Governing Law.    This Amendment shall be governed by, and construed in accordance with, the laws of the State
of New York, without regard to the principles thereof regarding conflicts of laws. 

        16.    Costs and Expenses.    Borrower agrees to pay upon request all costs and expenses of Lender in connection with
the preparation, execution, delivery and enforcement of this Amendment and all other Loan Documents executed in connection herewith, the closing hereof, and any other transactions contemplated hereby,
including the reasonable fees and out-of-pocket expenses of Lender's legal counsel. 

        17.    Entire Agreement.    This Amendment constitutes the entire agreement between Borrower and Lender relative to
the subject matter hereof, and supersedes and replaces any understanding or agreement, oral or written, in conflict therewith. 

6

 

        IN
WITNESS WHEREOF, Borrower and Lender have set their hands, effective as of the Amendment Date. 

	 	 	"BORROWER"
	

 	
 	
INTRADO INC.
	

 	
 	

By:	
 	

 	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	

	 	 	 	 	Title:	 	 
	 	 	 	 	 	 	

	

 	
 	
INTRADO COMMUNICATIONS INC.
	

 	
 	

By:	
 	

 	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	

	 	 	 	 	Title:	 	 
	 	 	 	 	 	 	

	

 	
 	
INTRADO COMMUNICATIONS OF VIRGINIA INC.
	

 	
 	

By:	
 	

 	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	

	 	 	 	 	Title:	 	 
	 	 	 	 	 	 	

	

 	
 	
"LENDER"
	

 	
 	
GENERAL ELECTRIC CAPITAL CORPORATION
	

 	
 	

By:	
 	

 	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	

	 	 	 	 	Title:	 	 
	 	 	 	 	 	 	

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Exhibit 10.14  

 
 

FIFTH AMENDMENT    
    

        THIS FIFTH AMENDMENT ("Amendment"), dated as of February 19, 2004 (the "Amendment
Date"), is made between (i) INTRADO INC. ("Intrado"), INTRADO COMMUNICATIONS INC.
("ICI") and INTRADO COMMUNICATIONS OF VIRGINIA INC. ("ICIV") (Intrado, ICI and ICIV, individually
and collectively, "Borrower"); and (ii) GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation
("Lender"); 

W
I T N E S S E T H: 

        WHEREAS,
pursuant to a certain Loan and Security Agreement, dated as of July 31, 2001, made between Borrower and Lender (hereinafter, as amended to date, called the
"Loan Agreement"), Lender agreed to extend credit to Borrower in accordance with, and subject to, the terms and conditions therein contained; and 

        WHEREAS,
Borrower has notified Lender that pursuant to a certain Share Purchase Agreement ("Purchase Agreement") to be entered into
between Intrado and the shareholders (collectively, "Sellers") of bmd wireless AG, Zug, a corporation organized under the laws of Switzerland
("BMD"), Intrado intends to acquire all of the issued and outstanding shares of BMD, such that BMD will become a wholly-owned Subsidiary of Intrado, in
exchange for a purchase price consisting of (a) $3,999,998 in cash, (b) 700,002 shares of Intrado's common stock, (c) the repayment of debt of BMD to certain of the Sellers in the
aggregate principal amount of CHF 319,667.05 and (d) a certain earn-out payment pursuant to which, based on BMD's revenue for its fiscal year ending December 31, 2004,
Intrado may issue to the Sellers up to 200,000 additional shares of its common stock ("Sellers' Earnout"), and that, in connection with such purchase,
Intrado will pay to BMD's representative, White Hawk Associates, LLC, a broker's fee in the amount of (a) $200,000 in cash, (b) 35,000 shares of Intrado's common stock and (c) a
certain earn-out payment equal to five percent (5%) of the Sellers' Earnout (all of the foregoing, collectively, the "BMD Acquisition"); and 

        WHEREAS,
pursuant to Section 5(a) of the Loan Agreement, Intrado is prohibited from consummating the BMD Acquisition without obtaining the prior written consent of Lender; and 

        WHEREAS,
Borrower has requested that Lender consent to the BMD Acquisition, and, subject to the terms of this Amendment, Lender is willing to grant such consent; and 

        WHEREAS,
Borrower has further requested that Lender (a) amend Section 5(a) of the Loan Agreement in order to permit Borrower to consummate, on a limited basis, future
acquisitions, and (b) amend Section 5(c) of the Loan Agreement in order to permit Borrower to make advances, on a limited basis, to BMD; and 

        WHEREAS,
subject to the terms and conditions of this Amendment, Lender is willing to make such additional accommodations to Borrower; 

        NOW,
THEREFORE, in consideration of the foregoing recitals, the mutual covenants and conditions herein contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby mutually acknowledged, Borrower and Lender agree as follows: 

        1.    Incorporation of Definitions.    Capitalized terms used hereinbelow, but not expressly redefined hereinbelow,
shall have the meanings given to such terms in the Loan Agreement, as amended hereby. 

        2.    Consent to BMD Acquisition.    Lender hereby consents to the consummation of the BMD Acquisition;  provided, however, that (i) such consent is subject to the satisfaction of each of the conditions
precedent set forth in Section 10 hereof, (ii) such consent shall become void and of no further force or effect unless such conditions precedent are satisfied, and the BMD Acquisition is
consummated, on or prior to February 29, 2004 and (iii) such consent is limited to the BMD Acquisition and shall not be deemed to be a consent to any other matter prohibited pursuant to
the Loan Agreement. 

 

        3.    Certain Pledge Agreements.    Borrower hereby agrees with Lender that within sixty (60) days after the
date of this Amendment, Borrower will (i) take all actions necessary to cause Lender's security interest
in sixty-five percent (65%) (or such greater percentage as could not reasonably be expected to cause the undistributed earnings of the applicable Subsidiary, as determined for U.S. federal
income tax purposes, to be treated as a deemed dividend to Borrower) of the Stock of each of BMD and Intrado's Subsidiary,
                        ("Irish
Subsidiary"), to be perfected under the laws of the United States and the laws of the respective countries of organization of each such Subsidiary, and (ii) deliver to
Lender opinions of counsel satisfactory to Lender, in form and substance satisfactory to Lender, confirming such perfection and as to such other matters as Lender shall require. Borrower's failure to
comply with this covenant shall constitute an Event of Default as to which Lender shall be entitled to exercise all of its rights and remedies under the Loan Agreement and the other Loan Documents. 

        4.    Amendment to Section 5(a) of the Loan Agreement.    Section 5(a) of the Loan Agreement is hereby
amended by adding at the end of such Section the following provison; 

provided, however, that Borrower may (A) consummate the "BMD Acquisition" (as defined in the
Fifth Amendment) subject to the terms of the Fifth Amendment, and (B) acquire all or substantially all of the assets or Stock of any Person (the
"Target") (in each case, a "Permitted Acquisition") and, in connection with any Permitted Acquisition,
may form a Subsidiary ("Holding Subsidiary") to hold the acquired assets subject to the satisfaction of each of the following conditions: 

          (i)  Lender
shall receive written notice of such proposed Permitted Acquisition at least twenty (20) days prior to the proposed closing date for such proposed
Permitted Acquisition, which notice shall include a reasonably detailed description of such proposed Permitted Acquisition; 

         (ii)  such
Permitted Acquisition shall only involve assets located in the United States or Canada (except as otherwise approved by Lender) and comprising a business, or those
assets of a business, of the type engaged in by Borrower as of the Closing Date, and which business would not subject Lender to regulatory or third party approvals in connection with the exercise of
its rights and remedies under this Agreement or any other Loan Documents other than approvals applicable to the exercise of such rights and remedies with respect to Borrower prior to such Permitted
Acquisition; 

        (iii)  such
Permitted Acquisition shall be consensual and shall have been approved by the Target's board of directors; 

        (iv)  no
additional Indebtedness, contingent obligations or other liabilities shall be incurred, assumed or otherwise be reflected on a consolidated balance sheet of Borrower
and Target or any Holding Subsidiary after giving effect to such Permitted Acquisition, except ordinary course trade payables, accrued expenses and unsecured Indebtedness of the Target to the extent
no Default has occurred and is continuing or would result after giving effect to such Permitted Acquisition; 

         (v)  the
sum of all amounts payable in connection with all Permitted Acquisitions (other than the BMD Acquisition), including all transaction costs and all Indebtedness,
liabilities and contingent obligations incurred or assumed in connection therewith or otherwise reflected on a consolidated balance sheet of Borrower and Target or any Holding Subsidiary, shall not
exceed $15,000,000 in the aggregate; 

        (vi)  the
Target shall not have incurred an operating loss for the trailing twelve-month period preceding the date of the Permitted Acquisition, as determined based upon the
Target's financial statements for its most recently completed fiscal year and its most recent interim 

2

 

financial
period completed within sixty (60) days prior to the date of consummation of such Permitted Acquisition; 

       (vii)  the
business and assets acquired in such Permitted Acquisition shall be free and clear of all Liens (other than Permitted Encumbrances); 

      (viii)  at
or prior to the closing of any Permitted Acquisition, Lender will be granted a first priority perfected Lien (subject to Permitted Encumbrances) in all assets
acquired pursuant thereto or in the assets and Stock of the Target or Holding Subsidiary as applicable, and Borrower and the Target or Holding Subsidiary shall have executed such documents and taken
such actions as may be required by Lender in connection therewith; provided, however, that, with respect
to any Target or Holding Subsidiary which is a Foreign Subsidiary (created or acquired with Lender's approval pursuant to clause (ii) above), if the grant of a security interest in all of the
assets and Stock of the Target or Holding Subsidiary could reasonably be expected to cause the undistributed earnings of such Foreign Subsidiary, as determined for U.S. federal income tax purposes, to
be treated as a deemed dividend to Borrower, then the pledge of the Stock of such Foreign Subsidiary shall be limited to sixty-five percent (65%) of the issued and outstanding Stock and
the assets of such Foreign Subsidiary shall not be required to be pledged; 

        (ix)  Concurrently
with delivery of the notice referred to in clause (i) above, Borrower shall have delivered to Lender, in form and substance reasonably satisfactory
to Lender: 

        (A)  a
pro forma consolidated balance sheet, income statement and cash flow statement of Borrower and its Subsidiaries (the "Acquisition Pro
Forma"), based on recent financial statements, which shall be complete and shall fairly present in all material respects the assets, liabilities, financial condition and
results of operations of Borrower and its Subsidiaries in accordance with GAAP consistently applied, but taking into account such Permitted Acquisition and such Acquisition Pro Forma shall reflect
that on a pro forma basis, no Default has occurred and is continuing or would result after giving effect to such Permitted Acquisition and Borrower would have been in compliance with the financial
covenants set forth in Schedule G for the four quarter period reflected in the compliance certificate most recently
delivered to Lender pursuant to Section 4.1(b) prior to the consummation of such Permitted Acquisition (after giving effect to such Permitted
Acquisition as if made on the first day of such period); 

        (B)  updated
versions of the most recently delivered Projections covering the one (1) year period commencing on the date of such Permitted Acquisition and otherwise
prepared in accordance with the Projections (the "Acquisition Projections") and based upon historical financial data of a recent date reasonably
satisfactory to Lender, taking into account such Permitted Acquisition; and 

        (C)  a
certificate of the chief financial officer of Borrower to the effect that: (x) the Acquisition Pro Forma fairly presents the financial condition of Borrower and
its Subsidiaries (on a consolidated basis) as of the date thereof after giving effect to the Permitted Acquisition; (y) the Acquisition Projections are reasonable estimates of the future
financial performance of Borrower subsequent to the date thereof based upon the historical performance of Borrower and the Target and show that Borrower shall continue to be in compliance with the
financial covenants set forth in Annex G for the one (1) year period thereafter; and (z) Borrower has completed its due diligence
investigation with respect to the Target and such Permitted Acquisition, which investigation was conducted in a manner similar to that which would have been conducted by a prudent purchaser of a
comparable business and the results of which investigation were delivered to Lender; 

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         (x)  on
or prior to the date of such Permitted Acquisition, Lender shall have received, in form and substance reasonably satisfactory to Lender, copies of the acquisition
agreement and related agreements and instruments, and all opinions, certificates, lien search results and other documents reasonably requested by Lender; and 

        (xi)  at
the time of such Permitted Acquisition and after giving effect thereto, no Default has occurred and is continuing. 

        5.    Amendment to Section 5(b) of the Loan Agreement.    Section 5(b) of the Loan Agreement is hereby
amended by adding immediately after clause (vi) thereof a new clause (vii) to read as follows: 

and
(vii) Indebtedness of BMD to Borrower relative to the intercompany advances permitted pursuant to Section 5(c) hereof; 

        6.    Amendment to Section 5(c) of the Loan Agreement.    Section 5(c) of the Loan Agreement is hereby
deleted in its entirety and the following revised Section 5(c) is hereby substituted in lieu thereof: 

        (c)   enter
into any lending, borrowing or other commercial transaction with any of its employees, directors, Subsidiaries, Affiliates or any other Credit Party (including
upstreaming and downstreaming of cash and intercompany advances and payments by a Credit Party to or on behalf of a Subsidiary of such Credit Party or to or on behalf of another Credit Party which are
not otherwise permitted hereunder) other than (i) loans or advances to employees in the ordinary course of business in an aggregate outstanding amount not exceeding the Materiality Threshold
and (ii) loans or advances made by Borrower to BMD for use by BMD in the ordinary operation of its business; provided,  however, that (A) the
aggregate amount of such loans and advances outstanding at any time will not exceed Two Million Dollars ($2,000,000) and
(B) no such loans or advances will be made if a Default has occurred and is continuing or would result therefrom; 

        7.    Amendment to Section 5(f) of the Loan Agreement.    Section 5(f) of the Loan Agreement is hereby
amended by inserting after the word "transaction" therein the following parenthetical: 

(including,
without limitation, any such sale, transfer or other disposition by a Credit Party to any of its Subsidiaries) 

        8.    Amendment to Section 6.1(a) of the Loan Agreement.    Section 6.1(a) of the Loan Agreement is
hereby amended by adding the following sentence at the end of such Section: 

Notwithstanding
anything contained herein to the contrary the security interest and Lien granted to Lender hereunder in the Stock of any Foreign Subsidiary shall be limited to sixty-five
percent (65%) of the issued and outstanding shares of such Stock or such greater percentage as could not reasonably be expected to cause the undistributed earnings of such Foreign Subsidiaries, as
determined for U.S. federal income tax purposes, to be treated as a deemed dividend to Borrower. 

        9.    Amendments to Section 7.1 of the Loan Agreement.    Section 7.1 of the Loan Agreement is hereby
amended by inserting after the words "or any other Credit Party" in clauses (f) and (g) thereof the words "or any Subsidiary of any Credit Party". 

        10.    Amendments to Defined Terms.    Schedule A to the Loan Agreement is hereby amended by inserting therein
the following terms: 

        "BMD" shall have the meaning assigned to it in the Fifth Amendment. 

        "Fifth Amendment" shall mean that certain Fifth Amendment, dated as of February 20, 2004, between Borrower and Lender, amending
this Agreement. 

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        "Foreign Subsidiary" shall mean any Subsidiary which is organized under the laws of any governmental authority other than the United
States or any state of the United States. 

        11.    Conditions Precedent.    The consent and amendments set forth herein shall not become effective unless and
until (a) Intrado shall have delivered to Lender resolutions of its board of directors, certified by the Secretary or an assistant Secretary of Intrado to be true, correct and complete
authorizing Borrower's execution and delivery of, and performance under, this Amendment; (b) Borrower shall have delivered to Lender Projections satisfying the criteria set forth in
Section 4.1(d) of the Loan Agreement for its Fiscal Year ending December 31, 2004; (c) Borrower shall have delivered to Lender copies of (i) the Purchase Agreement and all
schedules, and exhibits pertaining thereto and all documents to be executed pursuant thereto or in connection therewith, (ii) resolutions of the Board of Directors of Intrado approving the BMD
Acquisition, and (iii) copies of all consents or approvals of governmental authorities or other Persons required to be obtained in connection with the consummation of the BMD Acquisition, all
certified by the chief executive officer or chief financial officer of Intrado to be true, correct and complete, and all of the foregoing shall be satisfactory to Lender in all respects;
(d) Lender shall be satisfied that (i) the assets and Stock of BMD are free and clear of all Liens and (ii) Borrower is not incurring any Indebtedness in connection with the
consummation of the BMD Acquisition; (e) Lender shall have received such financial statements and other reports and projections for BMD (or for Borrower and BMD on a consolidated basis) as it
shall require and all of the foregoing shall be satisfactory to Lender in all respects; (f) Lender shall have received a description of the current and proposed business, operations and
functions of the Irish Subsidiary which shall be satisfactory to Lender in all respects; and (g) Lender shall have received such other reports, agreements and documents as it shall request. 

        12.    Effect of Amendment.    This Amendment shall become effective as of the date of satisfaction of the conditions
precedent set forth in Section 12 hereof. Except as set forth expressly herein, all terms of the Loan Agreement, as amended hereby, and the Loan Documents, shall be and remain in full force and
effect and shall constitute the legal, valid, binding and enforceable obligations of Borrower to Lender. To the extent any terms and conditions in any of the Loan Documents shall contradict or be in
conflict with any terms or conditions of the Loan Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified and amended accordingly to reflect the terms
and conditions of the Loan Agreement as modified and amended hereby. In any event, this Amendment and the documents executed in connection therewith shall not, individually or collectively, constitute
in any way a novation. 

        13.    Inducement Representations.    To induce Lender to enter into this Amendment, Borrower hereby
(a) restates and renews each and every representation and warranty heretofore made by it under, or in
connection with the execution and delivery of, the Loan Agreement; (b) restates, ratifies and reaffirms each and every term and condition set forth in the Loan Agreement, as amended hereby, and
in the Loan Documents, effective as of the date hereof; (c) certifies that, as of the date hereof, after giving effect hereto, no Event of Default or Default exists; (d) acknowledges and
agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in its favor as against Lender with respect to the payment or performance of its Obligations;
(e) acknowledges and agrees that Lender's Lien in the Collateral continues in full force and effect as security for all of the Obligations, including, without limitation, all of the Obligations
of Borrower under and in respect of the Revolving Credit Loans, the Term Loan and the Second Term Loan and (f) releases Lender from any and all liability for any action taken (or omitted to be
taken) by Lender in connection with the Loan Agreement or pursuant thereto through the date of this Amendment. 

        14.    Governing Law.    This Amendment shall be governed by, and construed in accordance with, the laws of the State
of New York, without regard to the principles thereof regarding conflicts of laws. 

5

 

        15.    Costs and Expenses.    Borrower agrees to pay upon request all costs and expenses of Lender in connection with
the preparation, execution, delivery and enforcement of this Amendment and all other Loan Documents executed in connection herewith, the closing hereof, and any other transactions contemplated hereby,
including the reasonable fees and out-of-pocket expenses of Lender's legal counsel. 

        16.    Entire Agreement.    This Amendment constitutes the entire agreement between Borrower and Lender relative to
the subject matter hereof, and supersedes and replaces any understanding or agreement, oral or written, in conflict therewith. 

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        IN
WITNESS WHEREOF, Borrower and Lender have set their hands, effective as of the Amendment Date. 

	 	 	"BORROWER"
	

 	
 	

INTRADO INC.
	

 	
 	

By:	
 	

 	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	

	 	 	 	 	Title:	 	 
	 	 	 	 	 	 	

	

 	
 	
INTRADO COMMUNICATIONS INC.
	

 	
 	

By:	
 	

 	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	

	 	 	 	 	Title:	 	 
	 	 	 	 	 	 	

	

 	
 	
INTRADO COMMUNICATIONS OF VIRGINIA INC.
	

 	
 	

By:	
 	

 	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	

	 	 	 	 	Title:	 	 
	 	 	 	 	 	 	

	

 	
 	
"LENDER"
	

 	
 	
GENERAL ELECTRIC CAPITAL CORPORATION
	

 	
 	

By:	
 	

 	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	

	 	 	 	 	Title:	 	 
	 	 	 	 	 	 	

7

QuickLinks

FIFTH AMENDMENT

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