Document:

exv10w2w3

Exhibit 10.2.3

AMENDMENT NUMBER 2 AND CONSENT

TO

NOTE AND EQUITY PURCHASE AGREEMENT

          SECOND AMENDMENT AND CONSENT, dated as of December 22, 2005 (this “Agreement”), to the
Note and Equity Purchase Agreement, dated as of July 23, 2004, as amended (as the same may amended,
supplemented or modified from time to time in accordance with its terms, the “Note Purchase
·Agreement”), by and among MGP INSTRUMENTS, INC., a Delaware corporation (“Borrower”),
DOSIMETRY ACQUISITIONS (U.S.), INC., a Delaware corporation (“Topco”), as Guarantor, the
securities purchasers that are now and hereafter at any time parties thereto (each a “Purchaser and
collectively, “Purchasers”), and AMERICAN CAPITAL FINANCIAL SERVICES, INC., a Delaware
corporation (“ACFS”), as agent for Purchasers (“Agent”). All capitalized terms
used herein and not otherwise defined shall have the meanings assigned to such terms in the Note
Purchase Agreement.

RECITALS:

          WHEREAS, Topco wishes to enter into the Master Restructuring Agreement and Plan of Merger
(“Restructuring Agreement”), by and among Topco, Global Monitoring Systems, Inc.
(“GMS”) and the other parties listed therein, in the manner set forth in the Restructuring
Agreement, in the form attached hereto as Exhibit A, in order to effect a reorganization of
the overall corporate structure of the Loan Parties; and

          WHEREAS, the Loan Parties have requested that the Purchasers Consent to the transactions
involving Topco under the Restructuring Agreement and waive breach of any covenants violated
thereby; and

          WHEREAS, it is a condition to the Agreement by the Agent that GMS enter into the Guaranty in
the form attached hereto as Exhibit B, and that GMS enter into a Pledge and Security.
Agreement in the form attached hereto as Exhibit C.

          NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants
herein contained, each Loan Party, each Purchaser and the Agent agrees as follows:

ARTICLE 1

CONSENT

          1.1 The Purchasers hereby consent to the transactions involving Topco under the Restructuring
Agreement and hereby waive breach of any covenant in the Note Purchase Agreement violated as a
result of such transaction.

 

 

ARTICLE 2

OMNIBUS AMENDMENT

          2.1 As part of the transactions to occur under the Restructuring Agreement, Topco will merger
with and into Dosimetry Acquisitions (U.S,), LLC (“Dosimetry LLC”), with Dosimetry LLC
continuing as the surviving Person (the “Merger”). As a result, references in the Note
Purchase Agreement to Topco that assume or treat it as a corporation and references to its
officers, directors and stockholders shall cease to be correct after completion of the Merger.
Accordingly, the Agent, Purchaser and the Loan Parties intend that all such references in the Note
Purchase Agreement and the other Purchase Documents shall instead be deemed to be references to
Dosimetry LLC, as the surviving Person in the Merger and that all descriptions, requirements and
obligations in the Note Purchase Agreement of Topco, its officers, directors and stockholders,
shall be construed so as to give the Agent and the Purchasers the same rights and benefits under
the Note Purchase Agreement as they currently have with respect to Topco. The Loan Parties agree
that, at any time, promptly upon request of the Agent, they shall enter into any amendment
requested by the Agent to clarify the applicability, scope and operations of any provisions of the
Note Purchase Agreement or any other Purchase Document in a manner that comports with the
provisions of this Section 2.1.

ARTICLE 3

AMENDMENT

          3.1 The Note Purchase Agreement is hereby amended as follows:

          (a) Article 7.1(i) is deleted in its entirety and replaced with the following:

          [reserved].

ARTICLE 4

CONDITIONS PRECEDENT

          The provisions set forth in Article 1, Article 2 and Article 3 hereof shall be effective as of
the date on which GMS shall have entered into the Pledge and Security Agreement and Guaranty and
the Agent shall have received this Agreement, executed and delivered by each applicable. Loan
Party, the Agent and each Purchaser (the “Agreement Effective Date”).

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ARTICLE 5

REPRESENTATIONS AND WARRANTIES

          In order to induce the Agent and the Purchasers to enter into this Agreement, each Loan Party
represents and warrants to the Agent and each Purchaser, that:

          1. Corporate Power and Authority. As of the Agreement Effective Date, each Loan Party
has all requisite power and authority to enter into this Agreement, and to carry out the
transactions contemplated hereby. The execution, delivery and performance of this Agreement has
been duly authorized by all necessary action on the part of each Loan Party that is a party to this
Agreement.

          2. No Conflict: Governmental Consents. The execution and delivery by each of the Loan
Parties of the Agreement and the consummation of the transactions contemplated hereby, do not and
will not (i) conflict in any material respect with or result in a material breach of the terms,
conditions or provisions of, (ii) constitute a material default under, (iii) except as created
pursuant to the Security Documents result in the creation of any Lien upon any of the Loan Parties’
capital stock or assets pursuant to, (iv) give any third party the right to accelerate any material
obligation under, (v) result in a material violation of, or (vi) require any ‘material
authorization, consent; approval, exemption or other ·action by 0):’ notice to any Governmental
Authority job:’, except as could not reasonably be expected to have a Material Adverse Effect, any
third party which has not been obtained pursuant to, the Charter Documents (as to which no
materiality qualifiers shall apply) of any of the Loan Parties, or any Law to which any of the Loan
Parties is subject, or any Contract, order, judgment or decree to which any of the Loan Parties is
a party or to which they or their assets are subject.

          3. Binding Obligation. This Agreement has been duly executed and delivered by each
Loan Party and is the legally valid and binding obligation of such Loan Party, enforceable against
such Loan Party in accordance with its respective terms, except as may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights
generally or by equitable principles relating to enforceability.

          4. Absence of Default. After giving effect to each of the amendments set forth herein
no Default or Event of Default shall have occurred and be continuing.

ARTICLE 6

MISCELLANEOUS

          This Agreement shall be binding upon the parties hereto and their respective successors and
assigns and shall inure to the benefit of the parties hereto and the successors and assigns of
Purchasers. The rights or obligations hereunder or any

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interest therein of any Loan Parry may not be assigned or delegated by any Loan Party without
the prior written consent of all Purchasers. .

          Except as expressly amended hereby, the .Note Purchase Agreement and all other documents,
agreements and instruments ‘relating thereto are and shall remain unmodified and in full force and
effect. On and after the Agreement Effective Date, each reference in the Agreement to “this
Agreement’’’, “hereunder”, “hereof’, “herein’’ or words of like import, and each reference in the
Transaction Documents to the Note Purchase Agreement, shall mean and be a reference to the
Agreement as amended hereby, and this Agreement and · the Note Purchase Agreement shall be read
together and construed as a single instrument. This Agreement will not constitute a waiver of any
provision of the Note Purchase Agreement other than a provision pursuant to which a Default or
Event of Default would have occurred but for the effectiveness of this Agreement.

          In case any provision in or obligation hereunder or any Note shall be invalid, illegal or
unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining
provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not
in any way be affected impaired thereby.

          Section headings herein are included herein for convenience of reference only and shall not
constitute apart hereof for any other purpose or be given any substantive effect.

          THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY;
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF MARYLAND, WITHOUT REGARD · TO CONFLICT OF
LAWS PRINCIPLES.

          .This Agreement may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed an original, but all such counterparts together shall constitute but
one and the same instrument.

          [The remainder of this page is intentionally left blank.].

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

	 	 	 	 	 
	 	LOAN PARTIES:

MGP INSTRUMENTS, INC.

 	 
	 	By:  	/s/ Michael S. Wilson 	 
	 	 	Name:  	Michael S. Wilson 	 
	 	 	Title:  	Vice President/COO	 
	 
	 	DOSIMETRY ACQUISITIONS (U.S.), INC.

 	 
	 	By:  	/s/ Robert Klein 	 
	 	 	Name:  	Robert Klein 	 
	 	 	Title:  	President 	 
	 
	 	AMERICAN CAPITAL FINANCIAL SERVICES, INC., as Agent

 	 
	 	By:  	/s/ Robert Klein 	 
	 	 	Name:  	Robert Klein 	 
	 	 	Title:  	 	 

DOSIMETRY -NEPA CONSENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	PURCHASERS:

ACAS BUSINESS LOAN TRUST 29004-1
 	 
	 	By:  	AMERICAN CAPITAL STRATEGIES
 LTD., as Servicer
 	 
	 	 	 
	 	By:  	 /s/ Robert Klein 	 
	 	 	Name:  	Robert Klein 	 
	 	 	Title:  	 	 
	 
	 	ACS FUNDING TRUST I
 	 
	 	By:  	                  AMERICAN CAPITAL STRATEGIES,
 	 
	 	 	LTD., as Servicer 	 
	 
	 	 	 
	 	By:  	/s/ Robert Klein 	 
	 	 	Name:  	Robert Klein 	 
	 	 	Title:  	 	 
	 
	 	AMERICAN CAPITAL STRATEGIES, LTD.

 	 
	 	By:  	/s/ Robert Klein 	 
	 	 	Name:  	Robert Klein 	 
	 	 	Title:  	 	 
	 

DOSIMETRY -NEPA CONSENTexv10w2w4

Exhibit 10.2.4

 

 

AMENDMENT NO. 3

TO

NOTE AND EQUITY PURCHASE AGREEMENT

by and among

MGP INSTRUMENTS, INC.

AS BORROWER,

DOSIMETRY ACQUISITIONS (U.S.), LLC (successor by merger to

Dosimetry Acquisitions (U.S.), Inc.)

AS GUARANTOR,

AMERICAN CAPITAL FINANCIAL SERVICES, INC.

AS AGENT

and

THE PURCHASERS IDENTIFIED ON

ANNEX A HERETO

Date of Amendment No. 3: June 30, 2006

Date of Amendment No.2: November 1, 2005

Date of Amendment No. 1: October 22, 2004

Original Date: June 23, 2004

 

 

 

 

AMENDMENT NO. 3

TO

NOTE AND EQUITY PURCHASE AGREEMENT

$24,944,400 Aggregate Principal Amount of Senior Term B Notes Due June 23, 2010

$12,168,000 Aggregate Principal Amount of Senior Subordinated Notes Due June 23, 2011

$4,867,200 Aggregate Principal Amount of Junior Subordinated Notes Due June 23, 2011

$8,213,400 Revolving Loan Facility

     THIS AMENDMENT NO. 3 TO THE NOTE AND EQUITY PURCHASE AGREEMENT, dated as of June 30, 2006
(this “Amendment”), is by and among MGP INSTRUMENTS, INC. (“Borrower”), DOSIMETRY
ACQUISITIONS (U.S.), LLC (“Topco”), as Guarantor, AMERICAN CAPITAL STRATEGIES, LTD.
(“ACAS”), ACS FUNDING TRUST I (“AFT,” and together with ACAS, the “Purchasers”),
and AMERICAN CAPITAL FINANCIAL SERVICES, INC., a Delaware corporation (“ACFS”), as agent
for Purchasers (in such capacity “Agent”). Capitalized terms used and not defined
elsewhere in this Amendment have the meanings assigned to such terms in the Agreement (as defined
below).

RECITALS

     A. The Borrower, ACAS, and ACFS are parties to a Note and Equity Purchase Agreement dated as
of June 23, 2004 (as amended to date, the “Agreement”), pursuant to which ACAS purchased
from the Borrower certain Senior Term B Notes; certain Senior Subordinated Notes; and certain
Junior Subordinated Notes.

     B. ACAS has sold or contributed certain of the Notes to AFT.

     C. The Borrower has requested, and Agent and Purchasers have agreed, to extend the Revolving
Loan Termination Date until June 23, 2008.

     D. All capitalized terms used but not defined herein shall have the respective meanings
ascribed in the Agreement.

     NOW, THEREFORE, the parties hereto, in consideration of the premises and their mutual
covenants and agreements herein set forth and intending to be legally bound hereby, covenant and
agree as follows:

ARTICLE 1

CONSENT, AMENDMENT AND LIMITED WAIVER

     1.1 Consent. Pursuant to Section 15.2 of the Agreement, each of the undersigned Agent
and Purchasers hereby consent to this Amendment and agree, subject to the conditions set forth

 

 

herein, that upon the execution hereof, the Agreement is hereby amended as follows and shall
be deemed to be amended, effective as of the date set forth above.

     1.2 Amendment to Section 2.3. Section 2.3(a) of the Agreement is hereby amended by
replacing the phrase “June 23, 2005” with the phrase “June 23, 2008”.

     1.3 Limited Waiver. The Purchasers hereby waive any Default or Event of Default that
may exist as a result of the expiration of the Revolving Loan Termination Date.

ARTICLE 2

REFERENCE TO AND EFFECT ON THE AGREEMENT

     2.1 References. On and after the date hereof, (i) each reference in the Agreement to
“this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import shall mean and be a
reference to the Agreement as amended hereby, and (ii) each reference to the Agreement in all other
Purchase Documents shall mean and be a reference to the Agreement, as amended hereby.

     2.2 Effects. Except as specifically amended above, the Agreement, and all other
documents, instruments and agreements executed and/or delivered in connection therewith, shall
remain in full force and effect, and are hereby ratified and confirmed. Without limiting the
foregoing, all representations and warranties of the Loan Parties contained in the Purchase
Documents or made in writing in connection therewith and herewith shall survive the execution and
delivery of this Amendment.

     2.3 No Waiver. The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Purchaser, or constitute a waiver of, or
consent to and departure from, any provision of the Agreement, or any other documents, instruments
and agreements executed and/or delivered in connection therewith.

ARTICLE 3

MISCELLANEOUS

     3.1 Ratification. Except as expressly modified hereby, the Agreement remains in full
force and effect.

     3.2 Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES.

     3.3 Severability. Whenever possible, each provision of this Amendment shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision
of this Amendment is held to be prohibited by or invalid under applicable law in any jurisdiction,
such provision shall be in effective only to the extent of such prohibition nor invalidity, without
invalidating any other provision of this Amendment.

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     3.4 Headings. Article, section and subsection headings in this Amendment are included
for convenience of reference only and shall not constitute a part of this Amendment for any other
purpose.

     3.5 Counterparts. This Amendment may be executed in any number of counter parts and
by either party hereto on separate counterparts, each of which, when so executed and delivered,
shall be an original, but all such counterparts shall together constitute one and the same
instrument.

     3.6 Integration. This Amendment, the Agreement, as amended, and the other Purchase
Documents set forth the entire understanding of the parties hereto with respect to all matters
contemplated hereby and supersede all previous agreements and understandings among them concerning
such matters. No statements or agreements, oral or written, made prior to or at the signing hereof,
shall vary, waive or modify the written terms hereof.

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SIGNATURE PAGE TO

AMENDMENT NO. 3

TO

NOTE AND EQUITY PURCHASE AGREEMENT

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year
first above written.

	 	 	 	 	 
	 	LOAN PARTIES:

MGP INSTRUMENTS, INC.

 	 
	 	By:  	/s/ Jon Blake 	 
	 	 	Name:  	Jon Blake 	 
	 	 	Title:  	Assistant Treasurer 	 
	 
	 	DOSIMETRY ACQUISITIONS (U.S.), LLC

By its sole member

MIRION TECHNOLOGIES, INC

 	 
	 	By:  	/s/ Steve Burke 	 
	 	 	Name:  	Steve Burke 	 
	 	 	Title:  	Treasurer 	 
	 
	 	PURCHASERS:

AMERICAN CAPITAL STRATEGIES, LTD.

 	 
	 	By:  	/s/ Todd Wilson 	 
	 	 	Name:  	Todd Wilson 	 
	 	 	Title:  	Principal 	 
	 
	 	ACS FUNDING TRUST I

By: AMERICAN CAPITAL
STRATEGIES, LTD.

       its Servicer

 	 
	 	By:  	/s/ Todd Wilson 	 
	 	 	Name:  	Todd Wilson 	 
	 	 	Title:  	Principal 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	AGENT:

AMERICAN CAPITAL FINANCIAL 

SERVICES, INC., as Agent

 	 
	 	By:  	/s/ Todd Wilson 	 
	 	 	Name:  	Todd Wilson 	 
	 	 	Title:  	Vice President

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