Document:

exv10w1

EXHIBIT 10.1

FIRST AMENDMENT TO CREDIT AGREEMENT

     THIS FIRST AMENDMENT TO CREDIT AGREEMENT (herein called this “Amendment”) dated as of
June 16, 2010, among ENERGY PARTNERS, LTD., a Delaware corporation (“Borrower”), GENERAL
ELECTRIC CAPITAL CORPORATION, as administrative agent (in such capacity, “Administrative
Agent”), and the financial institutions or other entities from time to time party to the Credit
Agreement referred to below (collectively, “Lenders”).

WITNESSETH:

     WHEREAS, Borrower, Administrative Agent and Lenders entered into that certain Credit Agreement
dated as of September 21, 2009 (as from time to time supplemented, amended, or restated, the
“Original Agreement”) for the purpose and consideration therein expressed, whereby Lenders
became obligated to make loans to Borrower as therein provided; and

     WHEREAS, Borrower, Administrative Agent and Lenders desire to amend the Original Agreement as
set forth herein;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements
contained herein and in the Original Agreement, in consideration of the loans which have been
heretofore and may hereafter be made by Lenders to Borrower, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do
hereby agree as follows:

ARTICLE I — DEFINITIONS AND REFERENCES

     Section 1.1. Terms Defined in the Original Agreement. Unless the context otherwise
requires or unless otherwise expressly defined herein, the terms defined in the Original Agreement
shall have the same meanings whenever used in this Amendment.

     Section 1.2. Other Defined Terms. Unless the context otherwise requires, the
following terms when used in this Amendment shall have the meanings assigned to them in this
Section 1.2.

     “Amendment” means this First Amendment to Credit Agreement.

     “Amendment Documents” means this Amendment, the Consent and Agreement of the
Guarantors relating to this Amendment, and all other documents or instruments delivered in
connection herewith or therewith.

     “Credit Agreement” means the Original Agreement as amended hereby.

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ARTICLE II — AMENDMENTS AND CONSENTS

     Section 2.1. Definitions.

     (a) The table set forth in the definition of “Base Rate Margin” set forth in Section
1.1 of the Original Agreement is hereby amended in its entirety to read as follows:

	 	 	 
	Applicable Utilization Level	 	Base Rate Margin
	Level I
	 	4.25%
	Level II
	 	4.00%
	Level III
	 	3.75%

     (b) The table set forth in the definition of “Commitment Fee Rate” set forth in Section
1.1 of the Original Agreement is hereby amended in its entirety to read as follows:

	 	 	 
	Applicable Utilization Level	 	Commitment Fee Rate
	Level I
	 	1.00%
	Level II
	 	1.00%
	Level III
	 	1.00%

     (c) The table set forth in the definition of “Eurodollar Margin” set forth in Section
1.1 of the Original Agreement is hereby amended in its entirety to read as follows:

	 	 	 
	Applicable Utilization Level	 	Eurodollar Margin
	Level I
	 	5.25%
	Level II
	 	5.00%
	Level III
	 	4.75%

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     (d) The reference to “applicable Interest Period” in the first sentence of the
definition of “Eurodollar Base Rate” set forth in Section 1.1 of the Original Agreement is
hereby amended to refer instead to “applicable Interest Period (provided, with
respect to determining such offered rate for any one month Interest Period, such applicable
Interest Period shall be a three-month period)”.

     (e) The reference to “three or six months” in the definition of “Interest Period” set
forth in Section 1.1 of the Original Agreement is hereby amended to refer instead to “one,
three or six months”.

     (f) The definitions of “Revolver Termination Date”, “Term Commitment” and “Term
Maturity Date” set forth in Section 1.1 of the Original Agreement are hereby amended in
their entirety to read as follows:

     “Revolver Termination Date” means the date that is three years from the First
Amendment Effective Date.

     “Term Commitment” means each Lender’s obligation to make a Term Loan on the
First Amendment Effective Date to the Borrower pursuant to Section 2.1(b) in an aggregate
principal amount not to exceed the amount set forth opposite such Lender’s name on the
Lenders Schedule.

     “Term Maturity Date” means the date that is six months from the First Amendment
Effective Date.

     (g) The following definitions are hereby added to Section 1.1 of the Original Agreement
in alphabetical order to read as follows:

     “First Amendment” means that certain First Amendment to Credit Agreement dated
as of June 16, 2010 among Borrower, Administrative Agent and the Lenders party thereto.

     “First Amendment Effective Date” has the meaning given it in the First
Amendment.

     “Original Term Lenders” means the lenders who made the Original Term Loans.

     “Original Term Loans” means the term loans made by the Original Term Lenders to
Borrower on the Closing Date in the original aggregate principal amount of $25,000,000.

     Section 2.2. Term Loan Commitment to Lend; Term Notes. Clause (b) of Section 2.1 of
the Original Agreement is hereby amended in its entirety to read as follows:

     (b) Subject to the terms and conditions hereof, on the First Amendment Effective Date,
each Lender agrees to make a loan to Borrower (herein called such Lender’s “Term
Loans”) in an aggregate amount not to exceed such Lender’s Term

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Commitment. Amounts borrowed under this Section 2.1(b) and repaid or prepaid may not
be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Loans, as further provided
herein. The obligation of Borrower to repay to each Lender the aggregate amount of all Term
Loans made by such Lender, together with interest accruing in connection therewith, shall be
evidenced by a single promissory note (herein called such Lender’s “Term Note”) made
by Borrower payable to the order of such Lender in the form of Exhibit A-2 with appropriate
insertions.

     Section 2.3. Use of Proceeds. The first sentence of Section 2.4 of the Original
Agreement is hereby deleted in its entirety and replaced with the following two sentences:

Borrower shall use the proceeds of the Term Loans on the First Amendment Effective Date to
(i) refinance the outstanding balance of the Original Term Loans as of such date and (ii)
partially prepay the Permitted Subordinated Indebtedness. Borrower shall use the proceeds
of the Revolver Loans to (i) partially prepay the Permitted Subordinated Indebtedness on the
First Amendment Effective Date, (ii) pay fees and expenses incurred pursuant to this
Agreement, the First Amendment and the prepayment of the Permitted Subordinated Indebtedness
and the transactions related to and occurring in connection with any of the foregoing, and
(iii) provide working capital for its operations and for other general business purposes.

     Section 2.4. Mandatory Prepayments. Clause (e) of Section 2.7 of the Original
Agreement is hereby amended in its entirety to read as follows:

     (e) Beginning on the date that is one calendar month after the First Amendment
Effective Date and on the same date of each month thereafter until, but excluding, the Term
Maturity Date, Borrower shall repay the Term Loans in a principal amount of $4,166,666.66
(the “Monthly Term Repayment”), and on the Term Maturity Date, Borrower shall repay
the remaining outstanding principal amount of the Term Loans.

     Section 2.5. Event of Default. Clause (l)(iii) of Section 8.1 of the Original
Agreement is hereby amended in its entirety to read as follows:

     (iii) any Restricted Person shall state in writing that any of the events described in
clause (i) or (ii) above shall have occurred;

     Section 2.6. Lenders Schedule. Schedule 4 to the Original Agreement is hereby amended
in its entirety to read as set forth on Schedule 4 attached hereto.

     Section 2.7. Refinancing of Original Term Loans; Waiver of Prepayment Fee. In
connection with the refinancing of the Original Term Loans on the First Amendment Effective Date,
each Original Term Lender hereby waives any prepayment fee due pursuant to Section 2.5(f) of the
Credit Agreement with respect thereto; provided, if in connection with such refinancing
Borrower prepays any Eurodollar Loan on any day other than the last day of the Interest Period
applicable thereto, Borrower shall, as provided in Section 2.6 of the Credit Agreement, pay to
Original Term Lenders any amounts due under Section 3.2.

4

 

     Section 2.8. Consent to Prepayment of Permitted Subordinated Indebtedness. Borrower
desires to prepay in full at par on the First Amendment Effective Date all outstanding principal of
the Permitted Subordinated Indebtedness, in the amount of approximately $64,507,117, and accrued
and unpaid “payment-in-kind” interest thereon in the amount of approximately $6,300,000. In order
to avoid any violation of Section 7.6 of the Credit Agreement and Section 2.6 of the Subordination
Agreement that would constitute an Event of Default under the Credit Agreement, Borrower has
requested that Lenders consent to such prepayment. Lenders hereby consent to the proposed
prepayment on the First Amendment Effective Date of such outstanding Permitted Subordinated
Indebtedness, and agree that such prepayment shall not result in violations of Section 7.6 of the
Credit Agreement and Section 2.6 of the Subordination Agreement, provided, contemporaneous
with such prepayment Administrative Agent shall have received evidence on the First Amendment
Effective Date that (i) the Permitted Subordinated Credit Agreement is being terminated; (ii) all
other documents with respect to the Permitted Subordinated Indebtedness, and all guarantees with
respect thereto, are being terminated (except as to any provisions which may survive to the extent
provided therein) and are of no further force and effect; and (iii) any and all security interests
and Liens on any and all assets owned by the Restricted Persons securing the Permitted Subordinated
Indebtedness are terminated and released.

     Section 2.9. Borrowing Base. During the period from the date hereof to the first
Determination Date hereafter, the Borrowing Base shall be maintained at $70,000,000. It is
understood and agreed that the Borrowing Base reaffirmation provided for herein shall constitute
the Scheduled Determination of the Borrowing Base scheduled to occur on or about May 1, 2010 for
the purposes of Section 2.9(a) of the Credit Agreement.

ARTICLE III — CONDITIONS OF EFFECTIVENESS

     Section 3.1. Conditions to Effectiveness of Amendment. Except for Sections 2.8 and
2.9 hereof, which are effective upon the execution hereof by all parties hereto, this Amendment
shall become effective (such date being the “First Amendment Effective Date”) when and only
when Administrative Agent shall have given notice to Borrower that the following conditions have
been satisfied or waived:

     (a) Amendment Documents. Administrative Agent shall have received counterparts
of this Amendment and the other Amendment Documents, each of which shall be originals or
telecopies (followed promptly by originals) each properly executed by each Lender and by a
Responsible Officer of the signing Restricted Person, each dated the date hereof and each in
form and substance satisfactory to Administrative Agent.

     (b) Resolutions, Good Standing Certificates. Administrative Agent shall have
received (i) resolutions of the Board of Directors or similar governing body of Borrower and
each Guarantor approving and authorizing the execution, delivery and performance of this
Amendment and the other Amendment Documents to which it is a party, certified as of the
First Amendment Effective Date hereof by an Responsible Officer as being in full force and
effect without modification or amendment; (ii) an existence and good standing certificate
from the applicable Governmental Authority of Borrower’s and each

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Guarantor’s jurisdiction of incorporation, organization or formation, each dated a
recent date prior to the First Amendment Effective Date and (iii) such other documents as
Administrative Agent may reasonably request.

     (c) Closing Certificate. Administrative Agent shall have received a “Closing
Certificate” of an Responsible Officer of Borrower, dated as of the First Amendment
Effective Date, in which such officer certifies to the satisfaction or waiver of each of the
conditions set out in this Section 3.1 and Section 4.2 of the Credit Agreement, provided
that, to the extent such conditions precedent expressly require conditions be satisfied to
the “satisfaction” of any Lender or the Administrative Agent (or similar subjective
standards), such Responsible Officer shall not be required to certify that such subjective
standards have been met.

     (d) Opinions of Counsel to Restricted Persons. Administrative Agent shall have
received originally executed copies of the favorable written opinions of counsel to
Restricted Persons opining as to such matters as Administrative Agent may reasonably
request, dated as of the First Amendment Effective Date and in form and substance reasonably
satisfactory to Administrative Agent (and each Restricted Person hereby instructs such
counsel to deliver such opinions to Administrative Agent and Lenders).

     (e) Fees and Expenses. On the First Amendment Effective Date, Borrower shall
have paid to Administrative Agent, for the account of each Lender, an amendment fee equal to
1.00% of the sum of (i) each such Lender’s Revolver Commitment plus (ii) each such Lender’s
Term Commitment, and Administrative Agent shall have received the reasonable fees, charges
and disbursements of counsel for Administrative Agent in connection with the preparation,
negotiation, execution, delivery and administration of this Amendment and the other
Amendment Documents (which may include estimated fees and expenses with respect to the
recording of Subordinated Permitted Indebtedness Lien termination and release
documentation).

     (f) Refinancing of Original Term Loans. On the First Amendment Effective Date,
the outstanding principal balance of the Original Term Loans shall be refinanced with a
portion of the proceeds of the Term Loans.

     (g) Prepayment of Subordinated Permitted Indebtedness. On the First Amendment
Effective Date, contemporaneously with the effectiveness hereof, the Permitted Subordinated
Permitted Indebtedness shall have been paid in full as contemplated by, and subject to the
terms of, Section 2.7 hereof.

ARTICLE IV— REPRESENTATIONS AND WARRANTIES

     Section 4.1. Representations and Warranties. In order to induce Administrative Agent
to enter into this Amendment, Borrower represents and warrants to Administrative Agent that (a) the
representations and warranties contained in Article V of the Original Agreement or any other Loan
Document are true and correct on the date hereof, except to the extent that such representation or
warranty was expressly made as of a specific date or updated, modified or supplemented as of a
subsequent date with the consent of Required Lenders and Administrative

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Agent, in which cases such representations and warranties are true and correct in all respects
on and of such earlier date, and (b) no event or circumstance has occurred or is continuing since
June 30, 2009 that has had, or could be reasonably expected to cause, either individually or in the
aggregate, a Material Adverse Change.

ARTICLE V— MISCELLANEOUS

     Section 5.1. Ratification of Agreements. The Original Agreement as hereby amended is
hereby ratified and confirmed in all respects and Borrower hereby confirms and reaffirms the
Administrative Agent’s lien on and security interest in all Collateral pursuant to the Security
Documents. The other Loan Documents, as they may be amended or affected by the Amendment
Documents, are hereby ratified and confirmed in all respects. Any reference to the Credit
Agreement in any Loan Document shall be deemed to be a reference to the Original Agreement as
hereby amended. The execution, delivery and effectiveness of this Amendment and the other
Amendment Documents shall not, except as expressly provided herein or therein, operate as a waiver
of any right, power or remedy of Administrative Agent or Lenders under the Credit Agreement, or any
other Loan Document nor constitute a waiver of any provision of the Credit Agreement, or any other
Loan Document.

     Section 5.2. Survival of Agreements. All representations, warranties, covenants and
agreements of any Restricted Person herein shall survive the execution and delivery of this
Amendment and the performance hereof, and shall further survive until all of the Secured
Obligations are paid in full. All statements and agreements contained in any certificate or
instrument delivered by any Restricted Person hereunder or under the Credit Agreement to
Administrative Agent or any Lender shall be deemed to constitute representations and warranties by,
and/or agreements and covenants of such Restricted Person under this Amendment and under the Credit
Agreement.

     Section 5.3. Loan Documents. This Amendment and the other Amendment Documents are
each a Loan Document, and all provisions in the Credit Agreement pertaining to Loan Documents apply
hereto and thereto.

     Section 5.4. Governing Law. This Amendment shall be governed by and construed in
accordance with the Laws applicable to the Credit Agreement.

     Section 5.5. Counterparts; Fax. This Amendment may be separately executed in
counterparts and by the different parties hereto in separate counterparts, each of which when so
executed shall be deemed to constitute one and the same Amendment. This Amendment and the other
Amendment Documents may be validly executed by facsimile or other electronic transmission.

     THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES
AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF
THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.

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

	 	 	 	 	 
	 	ENERGY PARTNERS, LTD.,

Borrower

 	 
	 	By:  	/s/ Tiffany J. Thom
 	 
	 	 	Name:  	Tiffany J. Thom 	 
	 	 	Title:  	Senior Vice President, Chief Financial
Officer, and Treasurer 	 
	 
	 	GENERAL ELECTRIC CAPITAL CORPORATION, as

Administrative Agent, LC Issuer and sole Lender

 	 
	 	By:  	/s/ Carl Peterson
 	 
	 	 	Name:  	Carl Peterson 	 
	 	 	Authorized Signatory 	 

 

	 	 	 	 	 

CONSENT AND AGREEMENT

     The undersigned each hereby consents to the provisions of this Amendment and the transactions
contemplated herein and hereby and (i) acknowledges and agrees that any and all Secured Obligations
are Guaranteed Obligations under that certain Guaranty dated September 21, 2009 (the
“Guaranty”) by the undersigned in favor of Administrative Agent for the benefit of Lenders,
and secured by security interests in all Collateral pursuant to the Security Documents, (ii) agrees
that there are no offsets, claims or defenses of the undersigned with respect to the Guaranty, the
Security Documents nor with respect to any Secured Obligations, (iii) ratifies and confirms the
Guaranty and the Security Documents in all respects, (iv) guarantees all Secured Obligations
pursuant to the terms of the Guaranty and confirms and reaffirms the Administrative Agent’s lien on
and security interest in all Collateral pursuant to the Security Documents, and (v) agrees that the
Guaranty and the Security Documents are and shall continue in full force and effect for the benefit
of the Secured Parties, and are not released, diminished or impaired in any way by the transactions
contemplated in connection with this Amendment.

	 	 	 	 	 
	 	ENERGY PARTNERS, LTD.

EPL OF LOUISIANA, L.L.C.

EPL PIPELINE, L.L.C.

EPL PIONEER HOUSTON, INC.

 	 
	 	By:  	/s/ Tiffany J. Thom
 	 
	 	 	Name:  	Tiffany J. Thom 	 
	 	 	Title:  	Senior Vice President, Chief Financial
Officer, and Treasurer 	 
	 
	 	DELAWARE EPL OF TEXAS, LLC

 	 
	 	By:  	/s/ Paul B. Jones
 	 
	 	 	Name:  	Paul B. Jones 	 
	 	 	Title:  	President 	 

 

	 	 	 	 	 

SCHEDULE 4

LENDERS SCHEDULE

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Applicable Revolver	 	Revolver	 	Applicable Term	 	 
	 	 	Percentage	 	Amount	 	Percentage	 	Term Amount
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	General
Electric Capital
Corporation
	 	 	100	%	 	$	125,000,000.00	 	 	 	100	%	 	$	25,000,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL:
	 	 	 	 	 	$	125,000,000.00	 	 	 	 	 	 	$	25,000,000.00exv10w1

Exhibit 10.1

June 15, 2010

Mr. Ravi Narula

10276 E. Estates Drive

Cupertino, CA 95014

     RE: Employment Offer

Dear Ravi:

     On behalf of BigBand Networks, Inc. (“BigBand” or the “Company”), I am pleased to promote you
to the position of Senior Vice President and Chief Financial Officer, reporting to BigBand’s Chief
Executive Officer. This letter sets out the terms of your employment with BigBand, which started
on May 1, 2010 (“Start Date”).

     In
consideration for your service to BigBand, you will be paid a base salary of $21,091.67 per month
(which equals $253,100 on an annualized basis), less applicable taxes and other withholdings in
accordance with BigBand’s standard payroll practices. You will be eligible for $151,860 in variable
compensation (60% of your base compensation) based on participation in BigBand’s performance bonus
program on the same basis as other members of BigBand’s senior management. In addition, you will
continue to be eligible to participate in various BigBand fringe benefit plans, including: Group
Health Insurance, Flexible Spending Accounts, 401(k) Savings Plan, and the vacation program.
BigBand reserves the right to modify employee benefit plans and policies, as it deems necessary.

     In
consideration for your service to BigBand, on June 11, 2010 you were
granted an
option to purchase 370,000 shares of BigBand common stock under BigBand’s Stock Option Plan at an
exercise price equal to the fair market value of that stock on your option grant date (the
“Promotion Option”). Your option will vest over a period of forty eight (48) months, with vesting
in equal monthly installments following the date of grant. The Promotion Option will be subject to
the terms and conditions of the related BigBand Stock Option Plan and related standard form of
stock option agreement, which you will be required to sign as a condition of receiving the option.

     Your employment with BigBand is “at will”; it is for no specified term, and may be terminated
by you or BigBand at any time, with or without cause or advance notice. Any contrary
representations that may have been made to you are superceded by this offer. This is the full and
complete agreement between you and BigBand on this term. Although your job duties, title,
compensation and benefits, as well as BigBand’s personnel policies and procedures, may change from
time to time, the “at will” nature of your employment may only be changed in an express written
agreement signed by you and BigBand’s Chief Executive Officer.

     In the event that BigBand should experience a Change in Control (as that term is defined in
the stock option agreement) and you are terminated for a reason other than for Misconduct or you
are Constructively Terminated within six months (6) months after such Change in Control,

 

 

you (i) will receive accelerated vesting equal to the greater of: (A) twelve (12) months, or
(B) fifty percent (50%) of the remaining unvested shares of stock subject to the Promotion Option,
plus (ii) contingent upon your signing of a general release acceptable to BigBand or its
successor in interest, will receive a severance payment equal to twelve (12) months of base salary,
less applicable taxes and other withholdings as determined by BigBand’s payroll department.
However, in the event that your benefits provided for in this Agreement, when aggregated with any
other payments or benefits received by you would constitute “parachute payments” within the meaning
of Section 280G of the Internal Revenue Code, and would be subject to the excise tax imposed by
Section 4999 of the Code, then you shall have the unilateral right to reduce the number of months
acceleration of your then outstanding unvested options to eliminate the excise tax imposed under
Section 4999.

     In the event that your employment with BigBand is terminated or Constructively Terminated for
a reason other than for Misconduct and such termination or Constructive Termination is not within
(6) months after a Change of Control, then contingent upon your signing of a general release
acceptable to BigBand or its successor in interest, you will receive a severance payment equal to
six (6) months of base salary, less applicable taxes and other withholdings as determined by
BigBand’s payroll department.

     Application of Internal Revenue Code Section 409A: Notwithstanding anything to the contrary in
this offer letter, if you are a “specified employee” within the meaning of Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”) and the final regulations and any guidance
promulgated thereunder (“Section 409A”) at the time of your termination (other than due to death),
and the severance payable to you, if any, pursuant to this offer letter, when considered together
with any other severance payments or separation benefits that are considered deferred compensation
under Section 409A (together, the “Deferred Compensation Separation Benefits”) that are payable
within the first six (6) months following your termination of employment, will become payable on
the first payroll date that occurs on or after the date six (6) months and one (1) day following
the date of your termination of employment. All subsequent Deferred Compensation Separation
Benefits, if any, will be payable in accordance with the payment schedule applicable to each
payment or benefit. Notwithstanding anything herein to the contrary, if you die following your
termination but prior to the six (6) month anniversary of your termination, then any payments
delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively
practicable after the date of your death and all other Deferred Compensation separation benefits
will be payable in accordance with the payment schedule applicable to each payment or benefit.
Each payment and benefit payable under this offer letter is intended to constitute separate
payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. For purposes of this
paragraph, any amount paid under this offer letter that satisfies the requirements of the
“short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations will not
constitute Deferred Compensation separation Benefits, and any amount paid under this offer letter
that qualifies as a payment made as a result of any involuntary separation from service pursuant to
Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit
will not constitute Deferred Compensation Separation Benefits. For these purposes, “Section 409A
Limit” will man the lesser of two (2) times: (i) your annualized compensation based upon the annual
rate of pay paid to you during the Company’s taxable year preceding the Company’s taxable year of
your termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1)
and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount
that may be taken into account under a qualified plan pursuant to section 401(a)(17) of the code
for the year in which your employment is terminated.

     The provisions of the foregoing paragraph are intended to comply with the requirements of
Section 409A so that none of the severance payments and benefits to be provided hereunder

 

 

will be subject to the additional tax imposed under Section 409A, and any ambiguities herein
will be interpreted to so comply. You and the Company agree to work together in good faith to
consider amendments to this offer letter which are necessary, appropriate or desirable to avoid
imposition of any additional tax or income recognition prior to actual payment to you under Section
409A.

     For purposes of this Agreement, “Misconduct” shall mean the commission of any act of fraud,
embezzlement or dishonesty by you, any unauthorized use or disclosure by you of confidential
information or trade secrets of BigBand’s (or any parent or subsidiary), or any other intentional
misconduct by you adversely affecting the business or affairs of BigBand (or any parent or
subsidiary) in a material manner.

     For purposes of this Agreement, “Constructive Termination” is defined as any one or more of
the following without your express written consent: (i) the relocation of the principal place of
your employment to a location that is more than (50) miles from Redwood City, California; (ii) the
determination by BigBand that your services are no longer needed; (iii) any failure by BigBand to
pay , or any material reduction by BigBand of, your base salary of benefits (unless reductions
comparable in amount and duration are concurrently made for all other employees of BigBand with
responsibilities, organizational level and title comparable to yours); or (iv) a material
diminution of responsibilities. Your failure to so notify BigBand within sixty (60) days of the
date of such Constructive Termination shall constitute a waiver of such Constructive Termination.

     To ensure the timely and economical resolution of disputes that arise in connection with your
employment with BigBand, you and BigBand agree that any and all disputes, claims (including, but
not limited to, any claims for compensation, benefits, stock or stock options, fraud or age, sex,
race, disability or other discrimination or harassment), or causes of action arising from or
relating to the enforcement, breach, performance or interpretation of this Agreement, your
employment, or the termination of your employment, shall be resolved to the fullest extent
permitted by law by final, binding and confidential arbitration, by a single arbitrator, in San
Mateo County, California, conducted in accordance with the rules of the American Arbitration
Association (“AAA”) under the applicable AAA employment rules. By agreeing to this arbitration
procedure, both you and BigBand waive the right to resolve any such dispute through a trial by jury
or judge or administrative proceeding. The arbitrator shall: (a) have the authority to compel
adequate discovery for the resolution of the dispute and to award such relief as would otherwise be
permitted by law; and (b) issue a written arbitration decision, to include the arbitrator’s
essential findings and conclusions and a statement of the award. The arbitrator shall be
authorized to award any or all remedies that you or BigBand would be entitled to seek in a court of
law. BigBand shall pay all AAA’s arbitration fees in excess of the amount of court fees that would
be required if the dispute were decided in a court of law. Nothing in this Agreement is intended
to prevent either you or BigBand from obtaining injunctive relief in court to prevent irreparable
harm pending the conclusion of any such arbitration. Notwithstanding the foregoing, you and BigBand
each have the right to resolve any issue or dispute arising under your Employee Proprietary
Information and Inventions Assignment Agreement by court action.

     This agreement and the other agreements referred to above constitute the entire agreement
between you and BigBand regarding the terms and conditions of your employment, and they supersede
all prior negotiations, representations or agreements, whether oral or written, between you and
BigBand. This agreement may only be modified by a document signed by you and the Chief Executive
Officer of BigBand.

     Please sign and date this letter on the spaces provided below to acknowledge your acceptance
of the terms of this offer.

 

 

	 	 	 	 	 
	 	Sincerely,

BigBand Networks, Inc.

 	 
	 	By:  	/s/ AMIR BASSAN-ESKENAZI
 	 
	 	 	Amir Bassan-Eskenazi 	 
	 	 	President and Chief Executive Officer 	 
	 

     I have read the above employment offer and accept employment with BigBand on the terms and
conditions set forth in this agreement.

	 	 	 	 	 
	 	 	 
	 Date: June 16, 2010 	                  /s/ RAVI NARULA
 	 
	 	Ravi Narula

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