Document:

Exhibit 10.4

 

AMENDMENT
TO EMPLOYMENT AGREEMENT BETWEEN 

PACIFIC
PREMIER BANCORP, INC. AND STEVEN GARDNER

 

THIS AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is made this
       day of April, 2004, by and between PACIFIC
PREMIER BANCORP, INC., a Delaware corporation (“Company”) and STEVEN GARDNER
(“Executive”).

 

Company and Executive are parties to that certain Employment Agreement
Between Pacific Premier Bancorp, Inc. and Steven Gardner dated January 5,
2004 (the “Agreement”);

 

Company and Executive desire to amend and modify the Agreement in order
for Company to provide Executive with the use of a vehicle and to pay for all
of Executive’s expenses relating to said vehicle.

 

It is to the mutual benefit of the parties hereto that the Company
provide a vehicle for Executive’s use and pay for all of Executive’s expenses
relating to said vehicle.

 

NOW THEREFORE, for valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Company and Executive hereby amend the
Agreement as follows:

 

1.                                       A
new Section 4.5 shall be added to the Agreement to read and provide as
follows:

 

4.5                                 Transportation.  Company shall provide a vehicle for
Executive’s use and shall pay for all of Executive’s expenses relating to said
vehicle.  However, Executive shall
reimburse Company for all personal use of said vehicle.

 

2.                                       This
Amendment contains the entire understanding between the parties with respect to
the matters contained herein.  No
representations, warranties, covenants or agreements have been made concerning
or affecting the subject matter of this agreement, except as are contained
herein.

 

3.                                       Except
as specifically modified by this Amendment, the Agreement shall remain
unchanged and shall continue in full force and effect.

 

4.                                       This
Amendment may not be modified except in writing signed by both parties.

 

[THIS SECTION INTENTIONALLY LEFT BLANK]

 

 

5.                                       Company
hereby represents and warrants to Executive that this Amendment (and each term
and provision hereof) has been duly and appropriately authorized by the
Compensation Committee through proper written corporate action and approval,
and no additional consent, agreement or approval is required with respect
hereto.

 

IN WITNESS WHEREOF, Company and Executive have executed and delivered
this Amendment to Employment Agreement as of the date and year first above
written.

 

	
   

  	
  PACIFIC PREMIER BANCORP, INC.,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Ronald G. Skipper

  
	
   

  	
   

  	
  Chairman of the Board

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
  STEVEN GARDNERExhibit 10.5

 

AMENDMENT
TO EMPLOYMENT AGREEMENT BETWEEN

PACIFIC
PREMIER BANK AND STEVEN GARDNER

 

THIS AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is made this
       day of April, 2004, by and between PACIFIC
PREMIER BANK, a federal savings bank (“Bank”) and STEVEN GARDNER (“Executive”).

 

Bank and Executive are parties to that
certain Employment Agreement Between Pacific Premier Bank and Steven Gardner
dated January 5, 2004 (the “Agreement”);

 

Bank and Executive now desire to amend and modify the Agreement to
delete Section 4.5 Car Allowance.

 

It is to the mutual benefit of the parties
hereto that the car allowance in its current form provided to Executive by the
Bank be eliminated from the Agreement.

 

NOW THEREFORE, for valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Bank and Executive hereby amend the Agreement
as follows:

 

1.                                       Section 4.5,
which provides a car allowance to Executive, is hereby deleted from the
Agreement.

 

2.                                       This
Amendment contains the entire understanding between the parties with respect to
the matters contained herein.  No
representations, warranties, covenants or agreements have been made concerning
or affecting the subject matter of this agreement, except as are contained
herein.

 

3.                                       Except
as specifically modified by this Amendment, the Agreement shall remain
unchanged and shall continue in full force and effect.

 

4.                                       This
Amendment may not be modified except in writing signed by both parties.

 

[THIS SECTION INTENTIONALLY LEFT BLANK]

 

 

5.                                       Bank
hereby represents and warrants to Executive that this Amendment (and each term
and provision hereof) has been duly and appropriately authorized by the
Compensation Committee through proper written corporate action and approval,
and no additional consent, agreement or approval is required with respect
hereto.

 

IN WITNESS WHEREOF, Bank and Executive have executed and delivered this
Amendment to Employment Agreement as of the date and year first above written.

 

	
   

  	
  PACIFIC PREMIER BANK,

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Ronald G. Skipper

  
	
   

  	
   

  	
  Chairman of the Board

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
  STEVEN GARDNERExhibit
10.1

 

FIRST AMENDMENT TO AMENDED AND RESTATED

CREDIT AND SECURITY AGREEMENT

 

This Amendment, dated as
of March 31, 2004, is made by and between CIBER, INC., a Delaware
corporation (the “Borrower”), and WELLS FARGO BANK, N.A. (the “Lender”).

 

Recitals

 

The Borrower and the
Lender are parties to an Amended and Restated Credit and Security Agreement
dated as of August 15, 2003  (the “Credit Agreement”).  Capitalized terms used in these recitals
have the meanings given to them in the Credit Agreement unless otherwise
specified.

 

The Borrower has
requested that certain amendments be made to the Credit Agreement, which the
Lender is willing to make pursuant to the terms and conditions set forth
herein.

 

NOW, THEREFORE, in
consideration of the premises and of the mutual covenants and agreements herein
contained, it is agreed as follows:

 

1.                                       Defined
Terms.  Capitalized terms used in
this Amendment which are defined in the Credit Agreement shall have the same
meanings as defined therein, unless otherwise defined herein.  In addition, Section 1.1 of the Credit
Agreement is hereby amended by adding or amending, as the case may be, the
following definitions:

 

“Advance” means a Revolving Advance or a Term Advance.

 

“Affiliate” or
“Affiliates” means CIBER Associates, Inc., CIBER International, Inc. and any
other Person controlled by, controlling or under common control with the
Borrower, including any Subsidiary of the Borrower.  For purposes of this definition, “control,” when used with
respect to any specified Person, means the power to direct the management and
policies of such Person, directly or indirectly, whether through the ownership
of voting securities, by contract or otherwise.

 

“Collateral” means (A)
prior to a Security Event, all of the Borrower’s Equipment listed on
Schedule 1.1; together with (i) all substitutions and replacements for and
products of any of the foregoing; (ii) all accessories, attachments, parts,
equipment and repairs now or hereafter attached or affixed to or used in
connection with such Equipment; (iii) all collateral subject to the Lien of any
Security Document; (iv) all sums on deposit in the Special Account; (v)
proceeds of any and all of the foregoing; and (vi) all of the foregoing,
whether now owned or existing or hereafter acquired or arising or in which the
Borrower now has or hereafter acquires any rights and (B) upon and after a
Security Event, all of the Borrower’s Accounts, chattel paper, deposit
accounts, documents, Equipment, General Intangibles, goods, instruments,
Inventory, Investment Property, letter-of-credit rights, letters of credit, all
sums on deposit in any deposit

 

 

account, and any
items in any lockbox; together with (i) all substitutions and replacements for
and products of any of the foregoing; (ii) in the case of all goods, all
accessions; (iii) all accessories, attachments, parts, equipment and repairs
now or hereafter attached or affixed to or used in connection with any goods;
(iv) all collateral subject to the Lien of any Security Document; (v) any money,
or other assets of the Borrower that now or hereafter come into the possession,
custody, or control of the Lender; (vi) all sums on deposit in the Special
Account; (vii) proceeds of any and all of the foregoing; and (viii) all of the
foregoing, whether now owned or existing or hereafter acquired or arising or in
which the Borrower now has or hereafter acquires any rights.

 

“EBITDA” means, as
determined at the end of each fiscal quarter for the preceding twelve month
period, the sum of (i) pretax earnings from continuing operations, (ii)
Interest Expense and (iii) depreciation and amortization of tangible and
intangible assets, before (a) extraordinary gains and losses or gains and
losses from the cumulative effect of a change in accounting principles and (b)
minority interests, in each case for such period, computed and calculated in
accordance with GAAP.

 

“EBITDAR” means, as
determined at the end of each fiscal quarter for the preceding twelve month
period, the sum of (i) pretax earnings from continuing operations, (ii)
Interest Expense, (iii) depreciation and amortization of tangible and
intangible assets, and (iv) Lease Expense, before (a) extraordinary gains and
losses or gains and losses from the cumulative effect of a change in accounting
principles and (b) minority interests, in each case for such period, computed
and calculated in accordance with GAAP.

 

“Guarantor(s)” means
CIBER Associates, Inc., CIBER International, Inc., each other domestic
Subsidiary of the Borrower, and any other Person now or hereafter guarantying
the Obligations.

 

“IBM Facility” means that
certain Agreement for Wholesale Financing (Security Agreement) dated
March 9, 2004 and Addendum to Agreement for Wholesale Financing (Scheduled
Payment Plan) dated March 9, 2004.

 

“Loan Documents” means
this Agreement, the Notes, the Security Documents, each L/C Application and
each other agreement, note, notice, document, contract or instrument to which
the Borrower now or hereafter is a party and that is required by the Lender.

 

“Maturity Date” means
September 30, 2007.

 

“Maximum Line” means
$50,000,000 unless said amount is reduced pursuant to Section 2.13, in
which event it means such lower amount.

 

“Note” means the
Revolving Note or the Term Note, and “Notes” means the Revolving Note and the Term
Note.

 

“Obligations” means each
Note, the Obligation of Reimbursement and each and every other debt, liability
and obligation of every type and description which the

 

2

 

Borrower may now
or at any time hereafter owe to the Lender, whether such debt, liability or
obligation now exists or is hereafter created or incurred, whether it arises in
a transaction involving the Lender alone or in a transaction involving other
creditors of the Borrower, and whether it is direct or indirect, due or to
become due, absolute or contingent, primary or secondary, liquidated or
unliquidated, or sole, joint, several or joint and several, and including all
indebtedness of the Borrower arising under any Loan Document or guaranty
between the Borrower and the Lender, whether now in effect or hereafter entered
into.

 

“Pricing Ratio” means,
for any period of four consecutive fiscal quarters, the ratio of the Borrower’s
Senior Funded Indebtedness as of the last day of such period divided by the
Borrower’s EBITDA.

 

“Security Documents”
means this Agreement and any other document delivered to the Lender from time
to time to secure the Obligations.

 

“Security Event” means
the occurrence of any of the following events (the occurrence of which shall be
determined by the Lender in its good faith discretion):  (i) the outstanding principal balance of the
Revolving Note (as measured on the last day of each of two consecutive calendar
quarters) exceeds $40,000,000 for a period of two consecutive fiscal quarters,
(ii) at any time on or after March 31, 2005, the ratio of Total Funded
Indebtedness divided by the Borrower’s EBITDA, determined as at the end of each
fiscal quarter, exceeds 4.00 to 1.00 or (iii) an Event of Default occurs.

 

“Senior Funded
Indebtedness” means the sum of all Liabilities of the Borrower and each
Subsidiary for borrowed money, including all Advances, the L/C Amount and all
Liabilities under the IBM Facility.

 

“Term Advance” has the
meaning specified in Section 2.18.

 

“Term Note” means the
Borrower’s term promissory note, payable to the order of the Lender, and any
note or notes issued in substitution therefor.

 

“Total Funded
Indebtedness” means the sum of (i) all Liabilities of the Borrower and each
Subsidiary for borrowed money, including all Senior Funded Indebtedness and
subordinated indebtedness for borrowed money and (ii) the aggregate payments
required to be made by the Borrower and each Subsidiary at any time under any
lease that is considered a capitalized lease under GAAP.

 

2.                                       Section 1.1
of the Credit Agreement is hereby further amended by deleting the definition of
“Patent and Trademark Security Agreement.”

 

3.                                       Section 2.9(b)
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“(b)                           Margins.  The Margins through and including the first adjustment
occurring as specified below shall be negative eighty one hundredths of one
percent (<0.80%>) for Floating Rate Advances and two percent (2.00%) for
LIBOR Rate

 

3

 

Advances.  The Margins shall be adjusted each fiscal
quarter of the Borrower on the basis of the Pricing Ratio as at the end of the
previous fiscal quarter, in accordance with the following table (numbers
appearing between “< >“ are negative):

 

	
  Pricing Ratio

  	
   

  	
  Margin for
  Floating

  Rate Advances

  	
   

  	
  Margin for
  LIBOR

  Rate Advances

  	
   

  
	
  >
  1.00 <1.50

  	
   

  	
  <0.30

  	
  %>

  	
  2.50

  	
  %

  
	
  >
  0.75 < 1.00

  	
   

  	
  <0.65

  	
  %>

  	
  2.20

  	
  %

  
	
  <
  0.75

  	
   

  	
  <0.80

  	
  %>

  	
  2.00

  	
  %

  

 

Reductions
and increases in the Margins will be made quarterly within five calendar days
following receipt of the Borrower’s financial statements and compliance
certificates required under Section 6.1. 
Notwithstanding the foregoing, (i) if the Borrower fails to deliver
any financial statements or compliance certificates when required under
Section 6.1, the Lender may, by notice to the Borrower, increase the
Margins to the highest rates set forth above until such time as the Lender has
received all such financial statements and compliance certificates,
(ii) no reduction in the Margins will be made if a Default Period exists
at the time that such reduction would otherwise be made, and (iii) no
adjustment in the Margin of a LIBOR Rate Advance shall be made during the
Interest Period applicable to such LIBOR Rate Advance.”

 

4.                                       Section 2.10(a)
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“(a)                            Unused Line Fee. 
For the purposes of this Section 2.10, ‘Unused Amount’ means the
Maximum Line reduced by outstanding Revolving Advances and the L/C Amount.  The Borrower agrees to pay to the Lender an
unused line fee at the Applicable Unused Line Rate on the average daily Unused
Amount from the date of this Agreement to and including the Termination Date,
due and payable quarterly in arrears on the first day of the month and on the
Termination Date.  For purposes of this
Section 2.10(a), the ‘Applicable Unused Line Rate’ shall mean, on any
date, a rate determined by (i) the Pricing Ratio as of the date hereof and (ii)
thereafter, effective on the first day of the month commencing after the month
in which the Lender receives the Borrower’s financial statements for the
Borrower’s most recently completed fiscal quarter, the Pricing Ratio for the
most recently completed fiscal quarter, determined in accordance with the following
table:

 

4

 

	
  Pricing Ratio

  	
   

  	
  Applicable Unused Line Rate

  	
   

  
	
  > 1.00 < 1.50

  	
   

  	
  0.50

  	
  %

  
	
  > 0.75 < 1.00

  	
   

  	
  0.35

  	
  %

  
	
  < 0.75

  	
   

  	
  0.25

  	
  %”

  

 

5.                                       Section 2.16 of the
Credit Agreement is hereby amended to read in its entirety as follows:

 

“Section 2.16                          Use
of Proceeds.  The Borrower shall use
the proceeds of Revolving Advances, the Term Advance and each Letter of Credit
for acquisitions and ordinary working capital purposes.”

 

6.                                       Article II
of the Credit Agreement is hereby amended by adding a new Section 2.18 and
a new 2.19 to read in their entirety as follows:

 

“Section 2.18                          Term
Advances.  The Lender agrees,
subject to the terms and conditions of this Agreement, to make a single advance
to the Borrower on the Funding Date (the ‘Term Advance’) in an amount equal to
$6,000,000.  The Borrower’s obligation
to pay the Term Advance shall be evidenced by the Term Note and shall be
secured by the Collateral as provided in Article III.   Upon fulfillment of the applicable conditions
set forth in Article IV, the Lender shall deposit the proceeds of the
requested Term Advance by crediting the same to the Borrower’s demand deposit
account specified in Section 2.2(c)  unless
the Lender and the Borrower shall agree in writing to another manner of
disbursement.

 

Section 2.19                                Payment
of Term Note.  The outstanding
principal balance of the Term Note shall be due and payable as follows:

 

(a)                                  In
equal monthly installments of $200,000, beginning on April 30, 2004, and
on the last day of each month thereafter.

 

(b)                                 On
September 30, 2006, the entire unpaid principal balance of the Term Note,
and all unpaid interest accrued thereon, shall in any event be due and
payable.”

 

7.                                       Section 3.1
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“Section 3.1                                Grant
of Security Interest.  The Borrower
hereby pledges, assigns and grants to the Lender a lien and security interest
(collectively referred to as the “Security Interest”) in the Collateral, as
security for the payment and performance of the Obligations.  Upon request by the Lender and after the
occurrence of a Security Event, the Borrower will grant the Lender a security
interest in all commercial tort claims it may have against any Person.”

 

5

 

8.                                       Section 3.2
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“Section 3.2                                Notification
of Account Debtors and Other Obligors. 
During a Default Period and after the occurrence of a Security Event,
the Lender may at any time notify any account debtor or other person obligated
to pay the amount due that such right to payment has been assigned or
transferred to the Lender for security and shall be paid directly to the
Lender.  The Borrower will join in giving
such notice if the Lender so requests. 
At any time after the Borrower or the Lender gives such notice to an
account debtor or other obligor, the Lender may, but need not, in the Lender’s
name or in the Borrower’s name, (a) demand, sue for, collect or receive any
money or property at any time payable or receivable on account of, or securing,
any such right to payment, or grant any extension to, make any compromise or
settlement with or otherwise agree to waive, modify, amend or change the
obligations (including collateral obligations) of any such account debtor or
other obligor; and (b) as the Borrower’s agent and attorney-in-fact, notify the
United States Postal Service to change the address for delivery of the
Borrower’s mail to any address designated by the Lender, otherwise intercept
the Borrower’s mail, and receive, open and dispose of the Borrower’s mail,
applying all Collateral as permitted under this Agreement and holding all other
mail for the Borrower’s account or forwarding such mail to the Borrower’s last
known address.”

 

9.                                       Section 3.5
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“Section 3.5                                Financing
Statement.  The Borrower authorizes
the Lender to file from time to time where permitted by law, (a) prior to the
occurrence of a Security Event, such financing statements against the Equipment
purchased with the proceeds of the Term Advance describing such Equipment as
the Lender deems necessary or useful to perfect the Security Interest in such
Collateral and (b) after the occurrence of a Security Event, such financing
statements against collateral described as “all personal property” or
describing specific items of collateral including commercial tort claims as the
Lender deems necessary or useful to perfect the Security Interest.  All financing statements filed before the
date hereof to perfect the Security Interest were authorized by the Borrower
and are hereby re-authorized.  A carbon,
photographic or other reproduction of this Agreement or of any financing statements
signed by the Borrower is sufficient as a financing statement and may be filed
as a financing statement in any state to perfect the security interests granted
hereby.  For this purpose, the Borrower
represents and warrants that the following information is true and correct:

 

6

 

	
  Name and address of
  Debtor:

  
	
   

  
	
  CIBER, Inc.

  
	
  5251 DTC Parkway, Suite
  1400

  
	
  Greenwood Village,
  CO  80111

  
	
  Federal Employer
  Identification No.  38-2046833

  
	
  Organizational Identification
  No. 2363878

  
	
   

  
	
  Name and address of
  Secured Party:

  
	
   

  
	
  Wells Fargo Bank,
  National Association

  
	
  MAC C7301-037

  
	
  1740 Broadway

  
	
  Denver, CO  80274”

  

 

10.                                 Article III
of the Credit Agreement is hereby amended by adding a new Section 3.8 to
read in its entirety as follows:

 

“Section 3.8                                Pledge
of Collateral after a Security Event. Within 15 days of any request by the
Lender after the occurrence of a Security Event, the Borrower shall, at the
Borrower’s cost and expense, execute, deliver, endorse and authorize the filing
of any and all instruments, documents, conveyances, assignments, security
agreements, financing statements, control agreements and other agreements and
writings that the Lender may reasonably request in order to secure, protect,
perfect, reaffirm or enforce the Security Interest in the additional Collateral
pledged as a result of such Security Event or the Lender’s rights under the
Loan Documents (but any failure to request or assure that the Borrower
executes, delivers, endorses or authorizes the filing of any such item shall
not affect or impair the validity, sufficiency or enforceability of the Loan
Documents and the Security Interest, regardless of whether any such item was or
was not executed, delivered or endorsed in a similar context or on a prior
occasion).”

 

11.                                 Section 5.10
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“Section 5.10                          Titles
and Liens.  The Borrower has good
and absolute title to all of its assets, including all of the Collateral, free
and clear of all Liens other than Permitted Liens.  No financing statement naming the Borrower as debtor is on file
in any office except to perfect only Permitted Liens.”

 

12.                                 Section 6.1(i)
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“(i)                               Assets. 
Promptly upon knowledge thereof, the Borrower will deliver to the Lender
notice of any loss of or material damage to any material asset or of any
substantial adverse change in any material asset.”

 

7

 

13.                                 Section 6.2
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“Section 6.2                                Financial
Covenants.

 

(a)                                  Asset Coverage Ratio.  The sum of the outstanding principal balance
of the Revolving Note, the outstanding principal balance of the Term Note and
the L/C Amount, determined as at the end of each fiscal quarter, shall not
exceed 50% of consolidated Accounts (other than Accounts owed by foreign
account debtors and Accounts pledged by the Borrower to IBM Credit LLC).

 

(b)                                 Leverage Coverage Ratio.  The ratio of Total Funded Indebtedness
divided by the Borrower’s EBITDA, determined as at the end of each fiscal
quarter, shall not exceed (i) for the period from March 31, 2004 to and
including December 31, 2004, 5.00 to 1.00 and (ii) at all times on or
after March 31, 2005, 4.00 to 1.00.

 

(c)                                  Senior Leverage Ratio.  The ratio of Senior Funded Indebtedness
divided by the Borrower’s EBITDA, determined as at the end of each fiscal
quarter, shall not exceed 1.50 to 1.00.

 

(d)                                 Fixed Charge Coverage Ratio.  The ratio of the Borrower’s EBITDAR divided
by the sum of the Borrower’s Capital Expenditures, Interest Expense and Lease
Expense for the preceding twelve month period, determined as at the end of each
fiscal quarter, shall be no less than 1.75 to 1.00.”

 

14.                                 Section 6.9(b)
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“(b)                           Subject
to Section 6.11, the Borrower shall pay when due each account payable due
to a Person holding a Permitted Lien (as a result of such payable).”

 

15.                                 Section 6.12(b)
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“(b)                           The
Borrower will defend all of its property, including the Collateral, against all
Liens, claims or demands of all Persons (other than the Lender) claiming any
such property or any interest therein. 
The Borrower will keep all of its property, including the Collateral,
free and clear of all Liens except Permitted Liens.  The Borrower will take all commercially reasonable steps
necessary to prosecute any Person Infringing its material Intellectual Property
Rights and to defend itself against any Person accusing it of Infringing any
Person’s Intellectual Property Rights.”

 

16.                                 The
last two sentences of Section 6.14 of the Credit Agreement are hereby
amended to read in their entirety as follows:

 

“Without limiting the
generality of the foregoing, the Borrower will at all times keep all tangible
assets, including all tangible Collateral, insured against risks of fire
(including so-called extended coverage), theft, collision (for motor vehicles)
and such

 

8

 

other risks and in
such amounts as the Lender may reasonably request, with any loss payable to the
Lender to the extent of its interest (after the occurrence of an Event of
Default and if requested by the Lender), and (after the occurrence of an Event
of Default and if requested by the Lender) all policies of such insurance shall
contain a lender’s loss payable endorsement for the Lender’s benefit.  After the occurrence of an Event of Default
and if requested by the Lender, all policies of liability insurance required
hereunder shall name the Lender as an additional insured.”

 

17.                                 Section 6.17
of the Credit Agreement is hereby amended to read in its entirety as follows:

 

“Section 6.17                          Sale
or Transfer of Assets; Suspension of Business Operations.  The Borrower will not sell, lease, assign,
transfer or otherwise dispose of, to any other Person, (i) the stock of any
Guarantor, (ii) all or a substantial part of its assets, or (iii) any assets or
any interest therein (whether in one transaction or in a series of
transactions) to any other Person other than (A) the sale of Inventory in the
ordinary course of the Borrower’s business consistent with past practices, (B)
the sale of damaged or obsolete Equipment or (C) after the occurrence of a
Security Event, the transfer of assets to a domestic Subsidiary as long as,
prior to such transfer, the Lender holds a perfected first-priority security
interest in all of the personal property of such Subsidiary pursuant to
agreements, documents and instruments acceptable to the Lender in its sole
discretion.  The Borrower will not
liquidate, dissolve or suspend business operations.  The Borrower will not transfer any part of its ownership interest
in any Intellectual Property Rights and will not permit any agreement under
which it has licensed Licensed Intellectual Property to lapse, except that the
Borrower may transfer such rights or permit such agreements to lapse if it
shall have reasonably determined that the applicable Intellectual Property
Rights are no longer useful in its business. 
After the occurrence of a Security Event,  if the Borrower transfers any Intellectual Property Rights
for value, the Borrower will pay over the proceeds to the Lender for
application to the Obligations other than with respect to transactions in the
ordinary course of its business consistent with past practices.  The Borrower will not license any other
Person (other than a Subsidiary of the Borrower) to use any of the Borrower’s
Intellectual Property Rights, except that the Borrower may grant licenses in
the ordinary course of its business consistent with past practices in
connection with provision of services to its customers.”

 

18.                                 The
Credit Agreement is hereby amended by adding a new Schedule 1.1 to read in
its entirety as set forth on Exhibit A hereto.

 

19.                                 Schedule 6.3
of the Credit Agreement is hereby amended by adding IBM Credit LLC, Blanket
Lien, DE-SOS, filing date of March 10, 2004 and Filing Number 40716110.

 

20.                                 Schedule 6.4
of the Credit Agreement is hereby amended by (i) adding under the heading
“Indebtedness” the following:  IBM
Credit LLC, Revolving Trade Credit up to $7,500,000,  N/A, N/A and Blanket Lien and (ii) replacing the information
under the heading “Guaranties” with “NONE”.

 

9

 

21.                                 No
Other Changes.  Except as explicitly
amended by this Amendment, all of the terms and conditions of the Credit Agreement
shall remain in full force and effect and shall apply to any advance or letter
of credit thereunder.

 

22.                                 Senior
Indebtedness.  The Borrower
acknowledges that nothing contained in this Amendment or the Credit Agreement
is intended to or shall impair as among the Borrower, the holders of certain
debentures issued by the Borrower and the Lender, the obligations of the
Borrower to the Lender as a holder of “Senior Indebtedness” (as defined in the
Indenture, dated as of December 2, 2003 between Customer and Wells Fargo
Bank Minnesota, National Association, as Trustee (the “Indenture”)), and the
obligations of the Borrower to the holders of such debentures, which are
subordinate to the obligations of the Borrower to the Lender as Senior
Indebtedness under the provisions of the Indenture.  The Borrower hereby confirms that its obligations to the Lender
are Senior Indebtedness for purposes of the Indenture.

 

23.                                 Conditions
Precedent.  This Amendment shall be
effective when the Lender shall have received an executed original hereof,
together with each of the following, each in substance and form acceptable to
the Lender in its sole discretion:

 

(a)                                  The
Term Note, duly executed on behalf of the Borrower.

 

(b)                                 The
Acknowledgment and Agreement of Guarantors set forth at the end of this
Amendment, duly executed by each Guarantor.

 

(c)                                  A
Certificate of the Secretary of the Borrower certifying as to (i) the
resolutions of the board of directors of the Borrower approving the execution
and delivery of this Amendment, (ii) the fact that the articles of
incorporation and bylaws of the Borrower, which were certified and delivered to
the Lender pursuant to the Certificate of Authority of the Borrower’s secretary
or assistant secretary dated as of August 15, 2003 continue in full force
and effect and have not been amended or otherwise modified except as set forth
in the Certificate to be delivered, and (iii) certifying that the officers
and agents of the Borrower who have been certified to the Lender, pursuant to
the Certificate of Authority of the Borrower’s secretary or assistant secretary
dated as of August 15, 2003 as being authorized to sign and to act on
behalf of the Borrower continue to be so authorized or setting forth the sample
signatures of each of the officers and agents of the Borrower authorized to
execute and deliver this Amendment and all other documents, agreements and
certificates on behalf of the Borrower.

 

(d)                                 The
Allocation Agreement dated as of March 9, 2004 by and between the Lender
and IBM Credit LLC shall be terminated and IBM Credit LLC shall acknowledge the
Lender’s first priority security interest in the equipment purchased with the
proceeds of the Term Advance.

 

(e)                                  Such
other matters as the Lender may require.

 

24.                                 Representations
and Warranties.  The Borrower hereby
represents and warrants to the Lender as follows:

 

(a)                                  The
Borrower has all requisite power and authority to execute this Amendment and the Term Note and to perform all
of its obligations hereunder, and this

 

10

 

Amendment and
the Term Note have has been duly executed and delivered by the Borrower
and constitutes the legal, valid
and binding obligation of the Borrower, enforceable in accordance with its
terms.

 

(b)                                 The
execution, delivery and performance by the Borrower of this Amendment and the Term Note have been duly
authorized by all necessary corporate action and do not (i) require any
authorization, consent or approval by any governmental department, commission,
board, bureau, agency or instrumentality, domestic or foreign,
(ii) violate any provision of any law, rule or regulation or of any order,
writ, injunction or decree presently in effect, having applicability to the
Borrower, or the articles of incorporation or by-laws of the Borrower, or
(iii) result in a breach of or constitute a default under any indenture or
loan or credit agreement or any other agreement, lease or instrument to which
the Borrower is a party or by which it or its properties may be bound or
affected.

 

(c)                                  All
of the representations and warranties contained in Article V of the Credit
Agreement are correct on and as of the date hereof as though made on and as of
such date, except to the extent that such representations and warranties relate
solely to an earlier date.

 

25.                                 References.  All references in the Credit Agreement to
“this Agreement” shall be deemed to refer to the Credit Agreement as amended
hereby; and any and all references in the Security Documents to the Credit
Agreement shall be deemed to refer to the Credit Agreement as amended hereby.

 

26.                                 No
Waiver.  The execution of this Amendment and acceptance of the Term Note and any documents
related hereto shall not be deemed to be a waiver of any Default or Event of Default under the
Credit Agreement or breach, default or event of default under any Security
Document or other document held by the Lender, whether or not known to the
Lender and whether or not existing on the date of this Amendment.

 

27.                                 Release.  The Borrower, and each Guarantor by signing the Acknowledgment and Agreement of
Guarantors set forth below, each hereby absolutely and unconditionally
releases and forever discharges the Lender, and any and all participants,
parent corporations, subsidiary corporations, affiliated corporations,
insurers, indemnitors, successors and assigns thereof, together with all of the
present and former directors, officers, agents and employees of any of the
foregoing, from any and all claims, demands or causes of action of any kind,
nature or description, whether arising in law or equity or upon contract or
tort or under any state or federal law or otherwise, which the Borrower or such Guarantor has had, now has or
has made claim to have against any such person for or by reason of any act,
omission, matter, cause or thing whatsoever arising from the beginning of time
to and including the date of this Amendment, whether such claims, demands and
causes of action are matured or unmatured or known or unknown.

 

28.                                 Costs
and Expenses.  The Borrower hereby
reaffirms its agreement under the Credit Agreement to pay or reimburse the
Lender on demand for all costs and expenses incurred by the Lender in
connection with the Loan Documents, including without limitation all reasonable
fees and disbursements of legal counsel. 
Without limiting the generality of the foregoing, the Borrower
specifically agrees to pay all fees and disbursements of counsel to the

 

11

 

Lender for the services
performed by such counsel in connection with the preparation of this Amendment
and the documents and instruments incidental hereto.  The Borrower hereby agrees that the Lender may, at any time or
from time to time in its sole discretion and without further authorization by
the Borrower, make a loan to the Borrower under the Credit Agreement, or apply
the proceeds of any loan, for the purpose of paying any such fees,
disbursements, costs and expenses.

 

29.                                 Miscellaneous.  This Amendment and the Acknowledgment and Agreement of Guarantors may be executed
in any number of counterparts, each of which when so executed and delivered
shall be deemed an original and all of which counterparts, taken together,
shall constitute one and the same instrument.

 

[The remainder of this page intentionally left blank]

 

12

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed as of the date
first written above.

 

	
  WELLS FARGO BANK, N.A.

  	
  CIBER, INC.  

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ John R. Hall

  	
   

  	
  By:

  	
  /s/ David G. Durham

  
	
  Name:  John R. Hall

  	
  Name:  David G. Durham

  
	
  Its:  Vice President

  	
  Its:  Chief Financial Officer

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