Document:

Unassociated Document

    Exhibit
      4.1

    
 

    LOCKUP
      AGREEMENT

    

    THIS
      LOCKUP AGREEMENT (the “Agreement”) is entered into as of this 12th day of July
      2007, by and among ___________ (the
      “Shareholder”) and WiTel Corp., a Nevada corporation (the
“Company”).

     

    WHEREAS,
      the Shareholder holds common stock of the Company (the
“Securities”);

     

    WHEREAS,
      the Company believes it is in the best interests of its stockholders to
      establish an orderly trading market for shares of the Company’s common
      stock;

     

    WHEREAS,
      the Company desires the Shareholder to refrain selling the Securities held
      by
      the Shareholder to encourage orderly trading in shares of the Company’s common
      stock;

     

    NOW,
      THEREFORE, in consideration of the premises, and for other good and valuable
      consideration, the receipt and sufficiency of which is hereby acknowledged,
      the
      parties hereto agree as follows:

     

    1.    LOCKUP
      OF
      SECURITIES. The Shareholder agrees, that without the prior written consent
      of
      the Company, that, until the earlier of the first anniversary of the date of
      this Agreement or a Change in Control (as defined in the Nevada Business
      Corporations Act), the Shareholder will not make or cause any sale of any
      Securities listed on Exhibit A hereto which, as of the date of this Agreement,
      the Shareholder owns either of record or beneficially, and which the Shareholder
      has the power to control the disposition; provided, however, that the
      Shareholder may, without the Company’s prior written consent, (i) sell or
      otherwise transfer the Securities to any immediately family member, or (ii)
      make
      a gift of the Securities without consideration to an organization exempt from
      taxation under Section 501(c)(3) of the Internal Revenue Code of 1986, as
      amended, or (iii) transfer shares to an exchange fund if such transfer does
      not
      require the Shareholder to file a Form 144 pursuant to the rules of the
      Securities and Exchange Commission.

     

    2.    CONSIDERATION
      FOR LOCKUP. In consideration for the Shareholder agreeing to be bound by the
      terms of this Agreement, the Company will include the Securities in the
      Company’s registration statement that it is filing on Form SB-2.

     

    3.    TRANSFER;
      SUCCESSOR AND ASSIGNS. The terms and conditions of this Agreement shall inure
      to
      the benefit of and be binding upon the respective successors and assigns of
      the
      parties. Nothing in this Agreement, express or implied, is intended to confer
      upon any party other than the parties hereto or their respective successors
      and
      assigns any rights, remedies, obligations, or liabilities under or by reason
      of
      this Agreement, except as expressly provided in this Agreement.

     

    4.    GOVERNING
      LAW. This Agreement shall be governed by and construed under the laws of the
      State of California applicable to contracts entered into and fully to be
      performed in the State of California by residents of the State of
      California.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.    COUNTERPARTS.
      This Agreement may be executed in two or more counterparts, each of which shall
      be deemed an original, but all of which together shall constitute one and the
      same instrument.

     

    6.    TITLES
      AND SUBTITLES. The titles and subtitles used in this Agreement are used for
      convenience only and are not to be considered in construing or interpreting
      this
      Agreement.

     

    7.    NOTICES.

     

    a.    All
      notices, requests, demands and other communications under this Agreement or
      in
      connection herewith shall be given or made upon (i) the Shareholder at such
      Shareholder's address set forth on the signature page hereto; and (ii) the
      Company at WiTel Corp. c/o Hateley & Hampton, APC, 1800 Century Park East,
      Sixth Floor, Los Angeles, CA 90067-1501, Attention: Donald P. Hateley,
      Esq.

     

    b.    All
      notices, requests, demands and other communications given or made in accordance
      with the provisions of this Agreement shall be in writing, and shall be sent
      by
      overnight courier, or by facsimile with confirmation of receipt, and shall
      be
      deemed to be given or made when receipt is so confirmed.

     

    c.    Any
      party
      may, by written notice to the other, alter its address or respondent, and such
      notice shall be given in accordance with the terms of this Section
      7.

    

    8.    ATTORNEYS'
      FEES. If any action at law or in equity (including arbitration) is necessary
      to
      enforce or interpret the terms of this Agreement, the prevailing party shall
      be
      entitled to reasonable attorneys' fees, costs and necessary disbursements in
      addition to any other relief to which such party may be entitled as determined
      by such court, equity or arbitration proceeding.

     

    9.    AMENDMENTS
      AND WAIVERS. Any term of this Agreement may be amended with the written consent
      of the Company and the Shareholder.

     

    10.   SEVERABILITY.
      If one or more provisions of this Agreement are held to be unenforceable under
      applicable law, portions of such provisions, or such provisions in their
      entirety, to the extent necessary, shall be severed from this Agreement and
      the
      balance of the Agreement shall be interpreted as if such provision were so
      excluded and shall be enforceable in accordance with its terms.

     

    11.   DELAYS
      OR
      OMISSIONS. No delay or omission to exercise any right, power or remedy accruing
      to any party to this Agreement, upon any breach or default of the other party
      to
      this Agreement shall impair any such right, power or remedy of such holder
      nor
      shall it be construed to be a waiver of any such breach or default, or an
      acquiescence therein, or of or in any similar breach or default thereafter
      occurring; nor shall any waiver of any breach or default be deemed a waiver
      of
      any other breach or default theretofore or thereafter occurring. Any waiver,
      permit, consent or approval of any kind or character on the part of any party
      to
      this Agreement of any breach or default under this Agreement, or any waiver
      on
      the part of any party of any provisions or conditions of this Agreement, must
      be
      in writing and shall be effective only to the extent specifically set forth
      in
      such writing. All remedies, either under this Agreement or by law or otherwise
      afforded to any holder shall be cumulative and not alternative.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    12.   ENTIRE
      AGREEMENT. This Agreement and the documents referred to herein constitute the
      entire agreement between the parties hereto pertaining to the subject matter
      hereof, and any and all other written or oral agreements existing between the
      parties hereto are expressly canceled.

     

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

    

    
      	 	
              WiTel
                Corp.

               

               

              By: /s/
                James E.
                Renton                                  

              James
                E. Renton

              Its: 
                Chairman
                & CEO

            
	 	
               

               

              By:
                ___________________________________

               

               

              Address:

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      I

    

    SECURITIES
      SUBJECT TO LOCKUP AGREEMENTexv10w1

 

Exhibit 10.1

AMENDMENT

TO

LOAN AND SECURITY AGREEMENT

     THIS AMENDMENT to Loan and Security Agreement (this “Amendment”) is entered into this 2nd day
of August, 2007, effective July 5, 2007, by and between Silicon Valley Bank (“Bank”) and Advanced
Energy Industries, Inc., a Delaware corporation (“Borrower”) whose address is 1625 Sharp Point
Drive, Fort Collins, CO 80525.

Recitals

     A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of
May 10, 2002, as amended (as the same may from time to time be further amended, modified,
supplemented or restated, the “Loan Agreement”).

     B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement.

     C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the maturity date,
and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein.

     D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the
extent, in accordance with the terms, subject to the conditions and in reliance upon the
representations and warranties set forth below.

Agreement

     Now, Therefore, in consideration of the foregoing recitals and other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to
be legally bound, the parties hereto agree as follows:

     1. Definitions. Capitalized terms used but not defined in this Amendment shall have the
meanings given to them in the Loan Agreement.

     2. Amendments to Loan Agreement.

          2.1 Section 2.1.1 (Revolving Advances). The last sentence of subsection (a) of Section 2.1.1
is deleted and replaced with the following:

     Notwithstanding the foregoing, the Borrowing Base shall not be applied until
the aggregate amount of Credit Extensions outstanding is equal to or exceeds
$25,000,000 for more than 30 consecutive days.

          2.2 Section 2.1.3 (Cash Management Services Sublimit). The figure “$5,000,000” in the first
sentence of Section 2.1.3 is deleted and replaced with the figure “$10,000,000”.

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          2.3 Section 2.1.4 (Letters of Credit Sublimit). The figure “$1,000,000” at the end of the
first sentence of Section 2.1.4 is deleted and replaced with the figure “$5,000,000”.

          2.4 Section 6.2 (Financial Statements, Reports, Certificates). Subsection (b) of Section 6.2
is deleted and replaced with the following:

     (b) Within 30 days after the last day of each month, if the Borrowing Base is
applicable under the last sentence of Section 2.1.1(a) or if during such month the
aggregate amount of all Credit Extensions outstanding during such month equals or exceeds
$25,000,000, Borrower will deliver to Bank a Borrowing Base Certificate signed by a
Responsible Officer in the form of Exhibit C, with aged listings of accounts
receivable and accounts payable.

And the first sentence of subsection (d) of Section 6.2 is deleted and replaced with the following:

At any time that the aggregate amount of outstanding Advances, exclusive of interest
thereon, exceeds $25,000,000 and remains outstanding for 30 consecutive days, Borrower will
allow Bank to conduct an initial audit and thereafter annual audits of Borrower’s assets at
Borrower’s expense.

          2.5 Section 13 (Definitions). The following term and its definition set forth in Section 13.1
is amended to read as shown:

          “Revolving Maturity Date” is July 4, 2008.

          2.5 Exhibits. Exhibit D attached hereto shall be substituted for that attached to the Loan
Agreement.

     3. Limitation of Amendments.

          3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth
herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any
amendment, waiver or modification of any other term or condition of any Loan Document, or (b)
otherwise prejudice any right or remedy which Bank may now have or may have in the future under or
in connection with any Loan Document.

          3.2 This Amendment shall be construed in connection with and as part of the Loan Documents and
all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan
Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full
force and effect.

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     4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower
hereby represents and warrants to Bank as follows:

          4.1 Immediately after giving effect to this Amendment (a) the representations and warranties
contained in the Loan Documents are true, accurate and complete in all material respects as of the
date hereof (except to the extent such representations and warranties relate to an earlier date, in
which case they are true and correct as of such date), and (b) no Event of Default has occurred and
is continuing;

          4.2 Borrower has the power and authority to execute and deliver this Amendment and to perform
its obligations under the Loan Agreement, as amended by this Amendment;

          4.3 The organizational documents of Borrower delivered to Bank on the Closing Date remain
true, accurate and complete and have not been amended, supplemented or restated and are and
continue to be in full force and effect;

          4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, have been duly
authorized;

          4.5 The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not
contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual
restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or
other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d)
the organizational documents of Borrower;

          4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, do not require any
order, consent, approval, license, authorization or validation of, or filing, recording or
registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on either Borrower, except as already has been obtained or made; and

          4.7 This Amendment has been duly executed and delivered by Borrower and is the binding
obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or
other similar laws of general application and equitable principles relating to or affecting
creditors’ rights.

     5. Counterparts. This Amendment may be executed in any number of counterparts and all of such
counterparts taken together shall be deemed to constitute one and the same instrument.

     6. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and
delivery to Bank of this Amendment by each party hereto,

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(b) Borrower’s payment of a fee in an amount equal to $7,500.00, and (c) Borrower’s payment to
Bank of any billed but unpaid fees or expenses owing to Bank.

     7. Governing Law. This Amendment and the rights and obligations of the parties hereto shall
be governed by and construed in accordance with the laws of the State of Colorado.

     8. Miscellaneous. All of the provisions in Sections 10, 11 and 12 of the Loan Agreement which
are not already included in this Amendment are incorporated in this Amendment by this reference as
if fully set forth herein, except that the references in the Loan Agreement to the term “this
Agreement” and words of similar import shall mean this Amendment.

     In Witness Whereof, the parties hereto have caused this Amendment to be duly executed
and delivered as of the date first written above.

	 	 	 	 	 	 	 	 	 	 	 
	BANK	 	 	 	 	 	BORROWER	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Silicon Valley Bank	 	 	 	Advanced Energy Industries, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Ryan Incorvaia	 	 	 	By:	 	/s/ Lawrence D. Firestone	 	 
	Name:

	 	Ryan Incorvaia 	 	 	 	Name:	 	Lawrence D. Firestone 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Title:

	 	Deal Team Leader 	 	 	 	Title:	 	Executive Vice President and Chief Financial Officer	 	 
	 

	 	 
	 	 	 	 	 	 	 	 

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