Document:

QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.32  

 
 

ANNEX II    
  

        (a)    Registration Statement.    As soon as reasonably practicable after the date hereof, Parent shall file with the
Commission a registration statement on Form S-3 (the "Registration Statement") covering the resale to the public by the Stockholders
of the Parent Shares. Parent shall use commercially reasonable efforts to cause the Registration Statement to (i) be declared effective by the Commission immediately prior to the Closing or as
soon thereafter as reasonably practicable and (ii) remain effective until the first anniversary of the Closing Date or such earlier time as all of the Parent Shares covered by the Registration
Statement have been sold pursuant thereto. Thereafter, Parent shall be entitled to withdraw the Registration Statement and the Stockholders shall have no further right to offer or sell any of the
Parent Shares pursuant to the Registration Statement (or any prospectus relating thereto). The Parent Shares subject to the Registration Statement shall not be underwritten unless Parent shall
otherwise consent in its sole discretion. 

        (b)    Notice Procedures.    Each Stockholder shall provide written notice to Parent of any proposed sale of Parent
Shares pursuant to the Registration Statement at least five business days' prior to any such sale. Notwithstanding any other provision of this Annex II, if Parent shall determine in good faith that
(i) continued use by the Stockholders of the Registration Statement would require premature disclosure in such Registration Statement (or the prospectus relating thereto) of material, nonpublic
information concerning Parent, its business or prospects or any proposed material transaction involving Parent and (ii) such premature disclosure would be materially adverse to Parent, its
business or prospects or any such proposed material transaction or would make the successful consummation by Parent of any such material transaction significantly less likely, then the right of the
Stockholders to use such Registration Statement (and the prospectus relating thereto) for purposes of effecting offers or sales of Parent Shares pursuant thereto shall be suspended for a period (the
"Suspension Period"), provided that the aggregate number of days covered by Suspension Periods shall not
exceed an aggregate of 90 days in any twelve (12) month period. In the event that Parent receives written notice from a Stockholder with regard to a proposed sale of Parent Shares during
any Suspension Period, Parent shall provide written notice thereof to the Stockholders within three business days after receipt of such Stockholder notice. During the Suspension Period, none of the
Stockholders shall offer or sell any Parent Shares pursuant to or in reliance upon such Registration Statement (or the prospectus relating thereto). Parent shall not be required to disclose to the
Stockholders the reasons for requiring a suspension of sales under the Registration Statement, and the Stockholders shall not disclose to any third party the existence of any such suspension. Parent
agrees that, as promptly as practicable after the consummation, abandonment or public disclosure of the event or transaction that caused Parent to suspend the use of the
Registration Statement (and the prospectus relating thereto) pursuant to this Section (b), Parent will provide the Stockholders with a revised prospectus, if required, and will notify the
Stockholders of their ability to effect offers or sales of Parent Shares pursuant to or in reliance upon such Registration Statement. 

        (c)    Registration Procedures.    

          (i)  In
connection with the filing by Parent of the Registration Statement, Parent shall furnish to each Stockholder a copy of the prospectus. Subject to the provisions of
Section (b) above, Parent shall prepare and file with the Commission such amendments and supplements to the Registration Statement and the prospectus used in connection with such Registration
Statement as may be required to comply with the provisions of the Securities Act. Parent shall furnish to each Stockholder a copy of any amendment or supplement to such Registration Statement or
prospectus filed with the Commission. 

        (ii)  If
Parent has delivered a prospectus to the Stockholders and after having done so the prospectus is amended or supplemented to comply with the requirements of the
Securities Act as described in the immediately preceding paragraph, Parent shall promptly notify the Stockholders and, if requested by Parent, the Stockholders shall immediately cease making offers or
sales of 

shares under the Registration Statement and return all prospectuses to Parent. Parent shall promptly provide the Stockholders with a revised prospectus and, following receipt of the revised
prospectus, the Stockholders shall be free to resume making offers and sales under the Registration Statement. 

        (iii)  Parent
shall furnish to each requesting Stockholder such number of conformed copies of the Registration Statement and of each such amendment and supplement thereto (in
each case including all exhibits thereto), such number of copies of the prospectus included in such Registration Statement and such number of documents, if any, incorporated by reference in such
Registration Statement or prospectus, as such requesting Stockholder may reasonably request. 

        (iv)  Parent
shall use its commercially reasonable efforts to register or qualify the Parent Shares covered by the Registration Statement under the securities or "blue sky"
laws of such states as the Stockholders shall reasonably request; provided, however, that Parent shall not be required to qualify as a foreign
corporation or execute a general consent to service of process in any jurisdiction. 

        (v)  Parent
shall pay the expenses incurred by it in complying with its obligations under this Annex II, including all registration and filing fees, exchange listing fees and
fees and expenses of Parent's counsel and accountants, but excluding (i) any brokerage fees, selling commissions or underwriting discounts incurred by the Stockholders in connection with sales
under the Stockholder Registration Statement and (ii) the fees and expenses of any counsel retained by the Stockholders. 

        (d)    Requirements of Stockholders.    Parent shall not be required to include any Parent Shares in the Registration
Statement unless the Stockholder owning such shares (i) furnishes to Parent in writing such information regarding such Stockholder and the proposed sale of Parent Shares by such Stockholder as
Parent may reasonably request in connection with the Registration Statement or as shall be required in connection therewith by the Commission or any state securities law authorities and
(ii) upon the written request of Parent, confirms in writing its indemnification obligations under Section (e) below. Each Stockholder acknowledges that (x) such Stockholder is
required to comply with Regulation M under the Securities Exchange Act of 1934, as amended, during such time as such Stockholder may be engaged in a distribution of the shares of Parent Stock
and (y) such Stockholder is required to deliver a current prospectus in connection with any sale of Parent Stock covered by the Registration Statement. 

        (e)    Indemnification.    

          (i)  To
the extent permitted by law, Parent will indemnify and hold harmless each Stockholder and each broker or other Person acting on behalf of such Stockholder against
any Damages to which they may become subject under the Securities Act or otherwise, insofar as such Damages arise out of or are based upon any untrue or alleged untrue statement of any material fact
contained in such Registration Statement, including any prospectus contained therein or any amendments or supplements thereto, or arise out of or are based upon the omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, or any violation by Parent of the Securities Act or state securities or blue sky
laws applicable to Parent and leading to action or inaction required of Parent in connection with such registration or qualification under such Securities Act or state securities or blue sky laws; and
will reimburse on demand such Stockholder, broker or other Person acting on behalf of such Stockholder for any legal or other expenses reasonably incurred by any of them in connection with
investigating or defending any such Damage; provided, however, that (x) the indemnity agreement contained in this
Section (e)(i) shall not apply to amounts paid in settlement of any such Damage if such settlement is effected without the consent of Parent (which consent shall not be unreasonably
withheld or delayed), nor shall Parent be liable in any such case for any such Damage to the extent that it arises out of or is based upon an untrue statement or alleged untrue statement or omission
made in connection with such Registration Statement, prospectus, or amendments or supplements thereto, in reliance upon and in conformity with information 

furnished for use in connection with such Registration Statement by any Stockholder and (y) the foregoing indemnity shall not inure to the benefit of any Stockholder, broker or other person
acting on behalf of such Stockholder, broker or other Person asserting any Damage who purchased Parent Shares during a Suspension Period or if copies of a revised prospectus were timely delivered to
such Stockholder pursuant to Section (c) above and a copy of revised prospectus was not sent or given by or on behalf of such Stockholder to such Person, if required by law to have been
delivered, and such revised prospectus would have cured the defect giving rise to such Damage. 

        (ii)  To
the extent permitted by law, each Stockholder will indemnify and hold harmless Parent, each of its directors, each of its officers who have signed such Registration
Statement, each Person, if any, who controls Parent within the meaning of the Securities Act, and all other Stockholders against any Damages to which they may become subject under the Securities Act
or otherwise, insofar as such Damages arise out of or are based upon any untrue or alleged untrue statement of any material fact
contained in such Registration Statement, including any prospectus contained therein or any amendments or supplements thereto, or arise out of or are based upon the omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent that such untrue statement or alleged untrue
statement or omission or alleged omission was made in such Registration Statement, prospectus, or amendments or supplements thereto, in reliance upon and in conformity with information furnished by
such Stockholder for use in connection with such Registration Statement; and such Stockholder will reimburse any legal or other expenses reasonably incurred by Parent or any such director, officer,
controlling person, or other Stockholder in connection with investigating or defending any such Damage; provided, however, that the indemnity agreement
contained in this Section (e)(ii) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of
those Stockholder(s) against which the request for indemnity is being made (which consent shall not be unreasonably withheld or delayed). 

        Promptly
after receipt by an indemnified party under this Section (e) of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to
be made against any indemnifying party under this Section (e), notify the indemnifying party in writing of the commencement thereof and the indemnifying party shall have the right to
participate in and, to the extent the indemnifying party desires, jointly with any other indemnifying party similarly noticed, to assume at its expense the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that, if any indemnified party shall have reasonably concluded that there may be one or more legal
defenses available to such indemnified party that are different from or additional to those available to the indemnifying party, or that such claim or litigation involves or could have an effect upon
matters beyond the scope of the indemnity agreement provided in this Section (e), the indemnifying party shall not have the right to assume the defense of such action on behalf of such
indemnified party, and such indemnifying party shall reimburse such indemnified party and any Person controlling such indemnified party for the fees and expenses of counsel retained by the indemnified
party that are reasonably related to the matters covered by the indemnity agreement provided in this Section (e). Subject to the foregoing, an indemnified party shall have the right to employ
separate counsel in any such action and to participate in the defense thereof but the fees and expenses of such counsel shall not be at the expense of the indemnifying party. The failure to notify an
indemnifying party promptly of the commencement of any such action, if materially prejudicial to his, her or its ability to defend such action, shall relieve such indemnifying party of any liability
to the indemnified party under this Section (e), but the omission so to notify the indemnifying party will not relieve him, her or it of any liability that the indemnifying party may have to
any indemnified party otherwise other than under this Annex II. 

        (f)    Rule 144.    Parent shall use its commercially reasonable efforts to comply with the requirements of
Rule 144(c) under the Securities Act, as such Rule may be amended from time to time (or any similar rule or regulation hereafter adopted by the Commission), regarding the availability of
current public information to the extent required to enable each Stockholder to sell Parent Shares without registration under the Securities Act pursuant to the resale provisions of Rule 144
(or any similar rule or regulation). Upon the written request of a Stockholder, Parent will deliver to such Stockholder a written statement as to whether it has complied with such requirements and,
upon a Stockholder's compliance with the applicable provisions of Rule 144, will take such action as may reasonably be required (including, without limitation, causing legal counsel to issue an
appropriate opinion) to cause its transfer agent to effectuate any transfer of Parent Shares properly requested by such Stockholder, in accordance with the terms and conditions of Rule 144. 

QuickLinks

ANNEX IIQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.01    
  

 
 

FIRST AMENDMENT

        THIS
FIRST AMENDMENT, dated as of July 1, 2002 (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 hereby, 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 consider waiving certain defaults under, and making certain modifications to, certain of the financial covenants set forth in the Loan
Agreement; and 

        WHEREAS,
Lender has agreed to waive such defaults and make such modifications, subject, however, to the terms and conditions contained
herein; 

        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.    Waivers.    Lender hereby waives the Events of Default resulting from Borrower's failure to comply with
Section 3 of Schedule G (Financial Covenants) concerning maintenance of a minimum Quick Ratio for the fiscal months ending April 30, 2002 and May 31, 2002, so long as, and
provided that, such waivers shall pertain only to the specific covenant violations for the specific periods described above, and to no other Events of Default, whether now or hereafter existing. 

        3.    Amendments.    The Loan Agreement shall be amended as follows (Section and Schedule references set forth shall
mean and refer to Section and Schedule references in the Loan Agreement): 

        3.1    Financial Covenants.    Schedule G to the Loan Agreement (Financial Covenants) shall be deleted in its
entirety, and the First Amended Schedule G annexed hereto shall be substituted in its place. 

        4.    Effect of Amendment.    This Amendment shall become effective as of the Amendment Date. 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. 

        5.    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; and (e) 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. 

        6.    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. 

        7.    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. 

        8.    Entire Agreement.    This Amendment, together with the First Amended Schedule G annexed hereto,
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. 

 

        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:	 
	 	 	 	

FIRST AMENDED SCHEDULE G

("SCHEDULE G", BELOW)

FINANCIAL COVENANTS  

        As used in this Agreement (including this Schedule G), the following terms shall have the following meanings: 

        "Adjusted Tangible Net Worth" shall mean, at any date, Tangible Net Worth, plus deferred
revenues at such date, all as determined for Borrower and its Subsidiaries on a consolidated basis, in accordance with GAAP. 

        "Adjusted Current Liabilities" shall mean the sum of (i) total current liabilities of Borrower and its Subsidiaries on a
consolidated basis, determined in accordance with GAAP (excluding, however, therefrom any "non-current" part of the liabilities associated with inventory purchased from Lucent Public
Safety System), plus (ii) without duplication, the aggregate amount of all outstanding Revolving Credit Loans and Letter of Credit Obligations;  excluding,
however, any current liabilities associated with (i) standby letters of credit, and (ii) deferred revenue.
 

        "EBITDA" shall mean, for any period, the Net Income (Loss) of Borrower and its Subsidiaries on a consolidated basis for such period,  plus interest expense, income tax
expense, amortization expense, depreciation expense and extraordinary losses and  minus extraordinary gains, in each case, of Borrower and its Subsidiaries on a consolidated basis for such period
determined in accordance with GAAP to
the extent included in the determination of such Net Income (Loss). 

        "Fixed Charge Coverage Ratio" shall mean, for any period of four (4) consecutive Fiscal Quarters, the ratio of the following for
Borrower and its Subsidiaries on a consolidated basis, determined in accordance with GAAP: (a) EBITDA for such period less, without duplication,
(i) capitalized software development costs and (ii) Capital Expenditures for such period which are not financed through the incurrence of any Indebtedness (excluding the Revolving Credit
Loan), provided, however, that the foregoing shall not include such Capital Expenditures to the extent they relate to Borrower's anticipated relocation
of its corporate offices and operations and do not exceed Six Million Dollars ($6,000,000), to (b) the sum of (i) interest expense paid or accrued in respect of any Indebtedness during
such period, plus (ii) taxes to the extent accrued or otherwise payable with respect to such period  plus (iii) regularly scheduled payments of
principal paid or that were required to be paid on Funded Debt (excluding the Revolving Credit Loan)
during such period. 

        "Funded Debt" shall mean, for Borrower and its Subsidiaries, on a consolidated basis, all Indebtedness which by the terms of the agreement
governing or instrument evidencing such Indebtedness matures more than one (1) year from, or is directly or indirectly renewable or extendible at the option of such Persons under a revolving
credit or similar agreement obligating the lender or lenders to extend credit over a period of more than one year from, the date of creation thereof, including current maturities of
long-term debt, revolving credit, and short-term debt extendible beyond one year at the option of such Persons. 

        "Net Income (Loss)" shall mean for any period, the aggregate net income (or loss) after taxes for such period, determined for Borrower and
its Subsidiaries on a consolidated basis in accordance with GAAP. 

        "Tangible Net Worth" shall mean, at any date, with respect to Borrower and its Subsidiaries, on a consolidated basis, all as determined in
accordance with GAAP, total shareholders' equity less the amount of all intangible assets. 

        1.    Fixed Charge Coverage Ratio. Borrower shall maintain a Fixed Charge Coverage Ratio of not less than 1.0: 1 for each Fiscal
Quarter commencing with the Fiscal Quarter ending September 30, 2002.

 

        2.    Leverage Ratio. At no time shall total Indebtedness of Borrower and its Subsidiaries, on a consolidated basis, exceed the  greater of (i) Adjusted Tangible Net
Worth, or (ii) two (2) times trailing twelve (12) months' EBITDA of Borrower and such
Subsidiaries. 

        3.    Quick Ratio. At no time shall the ratio of: (i) the sum of all cash, cash equivalents and accounts receivable of
Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP, to (ii) Adjusted Current Liabilities, be less than 1.0:1. 

	

AGREED:	

 
	

INTRADO INC., as Borrower's Agent	

 
	

By:	

 	

 
	 	
 Michael D. Dingman, Jr.,

Chief Financial Officer

	 

QuickLinks

Exhibit 10.01

FIRST AMENDMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}]]