Document:

exv10w34

 

Exhibit 10.34

AMENDMENT NO. 7

TO

$40,000,000 EURO/GBP CREDIT AGREEMENT

     This Amendment No. 7 dated as of September 28, 2005 (this “Amendment”), is entered
into by and among Euronet Worldwide, Inc., as Borrower Agent (the “Borrower
Agent”), e-pay Holdings Limited and Delta Euronet GmbH (each a “Borrower”, and collectively, the
"Borrowers”) and Bank of America, N.A. (“Bank of America”), as agent and a Lender (the “Lender”).

Recitals

     A. The Borrower Agent, the Borrowers and the Lender, as agent and a lender have entered into
that certain $40,000,000 EURO/GBP Credit Agreement dated as of October 25, 2004, as amended or
otherwise modified by that certain Amendment No. 1 and Limited Waiver, dated as of December 14,
2004, that certain Limited Waiver dated as of December 23, 2004, that certain Limited Waiver dated
as of February 10, 2005, that certain Amendment No. 2, dated as of March 14, 2005, that certain
Limited Waiver dated as of May 11, 2005, that certain Limited Waiver dated as of May 17, 2005, that
certain Amendment No. 3 dated as of May 25, 2005, that certain Amendment No. 4 dated as of June 8,
2005, that certain Limited Waiver dated as of June 9, 2005, that certain Amendment No. 5 dated as
of June 16, 2005 and that certain Amendment No. 6 dated as of July 15, 2005 (as so amended and
modified, the “Credit Agreement”).

     B. The Borrower Agent and the Borrowers have requested that the Lender grant certain
amendments to the Credit Agreement as more fully described herein.

     C. Subject to the representations and warranties of the Borrower Agent and the Borrowers and
upon the terms and conditions set forth in this Amendment, the Lender is willing to grant such
amendments as more fully set forth herein.

Agreement

     Now, Therefore, in consideration of the foregoing Recitals, and other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to
be legally bound, and to induce the Lender to enter into this Amendment, the Borrower Agent, the
Borrowers and the Lender hereby agree as follows:

SECTION 1. Defined Terms. Capitalized terms used herein but not otherwise defined herein
shall have the meaning assigned to such terms in the Credit Agreement.

SECTION 2.Amendment. 

     2.1 Section 8.4(d) of the Credit Agreement is hereby amended by replacing the term
“Subordinated Securities Documents” in such Section with the term “Convertible Debenture
Documents”.

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     2.2 Section 8.5 of the Credit Agreement is hereby amended by replacing the term “Subordinated
Securities Documents” in such Section with the term “Convertible Debenture Document”.

     2.3 Section 9.1(a)(i) of the Credit Agreement is hereby amended by amending and restating the
definition of “Senior Funded Debt” in such Section in its entirety to read as follows:

“Senior Funded Debt” means, without duplication, all long term and current Indebtedness of the
Euronet Entities as described in subsections (i), (iii), (iv), (v) and (vi) of the definition of
“Indebtedness” set forth in Exhibit 1 hereto (including Indebtedness to shareholders), less any
proceeds of any Indebtedness incurred by the Holding Company Borrower in connection with the
issuance and sale of the Convertible Senior Debentures held by the Holding Company Borrower in the
Proceeds Account, and excluding (A) Indebtedness incurred pursuant to Convertible Debentures
permitted by Section 10.1(n) of the US Credit Agreement, (B) any Indebtedness as described in
subsection (iv) of the definition of “Indebtedness” to the extent such Indebtedness is already
included in subsections (i) or (iii) of the definition of “Indebtedness”, (C) any Indebtedness as
described in subsection (v) of the definition of “Indebtedness” to the extent such Indebtedness is
already included in subsections (i), (iii) or (iv) of the definition of “Indebtedness” and (D) any
Indebtedness as described in subsections (iv) and (v) of the definition of “Indebtedness” to the
extent such Indebtedness secures or guarantees Indebtedness described in subsection (ii) of the
definition of “Indebtedness” or is Indebtedness described in Section 10.1(i), Section 10.2(o) and
Section 10.2(p).

     2.4 Section 9.1(a)(ii) of the Credit Agreement is hereby amended by amending and restating the
definition of “Total Funded Debt” in such Section in its entirety to read as follows:

“Total Funded Debt” means, without duplication, all Senior Funded Debt plus any Indebtedness
incurred pursuant to Convertible Debentures permitted by Section 10.1(n) of the US Credit Agreement
less any proceeds of any Indebtedness incurred by the Holding Company Borrower in connection with
the issuance and sale of the Convertible Debentures permitted by Section 10.1(n) of the US Credit
Agreement held by the Holding Company Borrower in the Proceeds Account.”

     2.5 Section 9.2 of the Credit Agreement is hereby amended by replacing the phrase “33 1/3% of
the German Revolving Credit Commitments” with the phrase “20% of the German Revolving Credit
Commitments”.

     2.6 Sections 10.1 of the Credit Agreement is hereby amended by replacing the term
“Subordinated Securities Document” in the proviso at the end of such Section with the term
“Convertible Debenture Document”.

     2.7 Sections 10.2 of the Credit Agreement is hereby amended by replacing the term
“Subordinated Securities Documents” in the second proviso in the last paragraph of such Section
with the term “Convertible Debenture Document”.

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     2.8 Sections 10.9 of the Credit Agreement is hereby amended by replacing the term
“Subordinated Securities Document” in the last paragraph of such Section with the term “Convertible
Debenture Document”.

     2.9 Sections 11.1(j) of the Credit Agreement is hereby amended by replacing the term
“Subordinated Securities Document” in such Section with the term “Convertible Debenture Document”.

     2.10 Section 11.2 of the Credit Agreement is hereby amended by replacing the phrase “paragraph
(e) or (f) of Section 11.1 above” in each place it appears in such Section with the phrase
"paragraphs (e), (f) or (k) of Section 11.1 above and, in the case of an event described in
paragraph (k) of Section 11.1, the effect of such event is to accelerate the maturity of any
Indebtedness pursuant to the US Credit Agreement”

     2.11 Exhibit 1 to the Credit Agreement is hereby amended by deleting the defined terms
“Subordinated Indenture”, “Subordinated Securities” and “Subordinated Securities Documents”.

     2.12 Exhibit 1 to the Credit Agreement is hereby amended by inserting the following defined
terms in the appropriate alphabetical order:

     "Convertible Debenture Indenture” shall mean the Indenture between the Borrower Agent, and US
Bank National Association, as trustee with respect to the Convertible Debentures, as the same may
be amended, restated, supplemented or otherwise modified in accordance with the terms of this
Agreement.

     "Convertible Debentures” shall mean the convertible debentures issued by the Borrower Agent,
at any time or from time to time, in the maximum aggregate principal amount not to exceed
$175,000,000, that are expressly subordinated to the Obligations pursuant to this Agreement and the
“Obligations” pursuant to the US Credit Agreement, and that are issued pursuant to documentation in
form and substance satisfactory to the Agent in its sole discretion, in each case as the same may
be amended, restated, supplemented or otherwise modified in accordance with the terms of this
Agreement. “Convertible Debentures” do not include the “Convertible Senior Debentures”.

     "Convertible Debenture Documents” shall mean the Convertible Debenture Indenture and the
Convertible Debentures.

SECTION 3. Limitations on Amendments.

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

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     3.2 This Amendment is to 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 waived or amended, are hereby ratified and confirmed and will remain in
full force and effect.

SECTION 4. Representations and Warranties. In order to induce the Lender to enter into
this Amendment, the Borrower Agent and each of the Borrowers represent and warrant to the Lender as
follows:

     4.1 Immediately after giving effect to this Amendment (a) the representations and warranties
contained in the Loan Documents (other than those which expressly speak as of a different date) are
true, accurate and complete in all material respects as of the date hereof and (b) no Default or
Event of Default has occurred and is continuing;

     4.2 The Borrower Agent and each Borrower has the power and authority and legal right to
execute and deliver this Amendment and to perform its obligations hereunder. Such execution and
delivery have been duly authorized by proper proceedings, and this Amendment constitutes the legal,
valid and binding obligations of the Borrower Agent and each Borrower, enforceable against each of
them in accordance with their respective terms;

     4.3 The articles of incorporation or organization, bylaws, if any, or other charter documents
of the Borrower Agent and each Borrower delivered to the Lender as a condition precedent to the
effectiveness of the Credit Agreement are 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, delivery and performance of this Amendment will not violate any law, rule,
regulation, order, writ, judgment, injunction, decree or award binding on the Borrower Agent and
any Borrower, any provision of the Borrower Agent’s and each Borrower’s respective articles or
certificate of incorporation, by-laws, if any, or other charter documents, or the provisions of any
indenture, instrument or other written or oral agreement to which any Borrower is a party or is
subject or by which the Borrower Agent and any Borrower or any of its property is bound, or
conflict therewith or constitute a default thereunder, or result in the creation or imposition of
any Lien in, of or on any of its property pursuant to the terms of any such indenture, instrument
or agreement. No order, consent, approval, license, authorization or validation of, or filing,
recording or registration with, or exemption by, any Governmental Authority is required by or in
respect of the Borrower Agent and the Borrowers to authorize or is required in connection with the
execution, delivery and performance of or the enforceability of this Amendment; and

SECTION 5. Expenses. The Borrowers, jointly and severally, agree to pay to Lender upon
demand, the amount of any and all out-of-pocket expenses, including the reasonable fees and
expenses of its counsel, which Lender may incur in connection with the preparation, documentation,
and negotiation of this Amendment and all related documents.

SECTION 6. Reaffirmation. The Borrower Agent and each Borrower hereby reaffirms its
obligations under each Loan Document to which it is a party.

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SECTION 7. Effectiveness. This Amendment will become effective as of the date hereof upon
the execution and delivery of this Amendment, whether the same or different copies, by the Borrower
Agent, each Borrower and Lender.

SECTION 8. Governing Law.  This Amendment will be governed by and will be construed and
enforced in accordance with the laws of the State of Missouri.

SECTION 9. Claims, Counterclaims, Defenses, Rights of Set-Off. The Borrower Agent and
each Borrower hereby represents and warrants to the Lender that it has no knowledge of any facts
what would support a claim, counterclaim, defense or right of set-off.

SECTION 10. Counterparts.  This Amendment may be signed in any number of counterparts, and
by different parties hereto in separate counterparts, with the same effect as if the signatures to
each such counterpart were upon a single instrument. All counterparts will be deemed an original
of this Amendment.

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Exhibit 10.34

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

	 	 	 	 	 
	BORROWER AGENT:	EURONET WORLDWIDE, INC.

a Delaware corporation

 	 
	 	By:  	/s/  Rick Weller
 	 
	 	 	Name:  	Rick Weller 	 
	 	 	Title:  	Executive Vice President and Chief
Financial Officer 	 
	 
	BORROWERS:	E-PAY HOLDINGS LIMITED

a limited liability company incorporated in 

England and Wales

 	 
	 	By:  	/s/ Jeff Newman
 	 
	 	 	Name:  	Jeff Newman 	 
	 	 	Title:  	Director 	 
	 
	 	DELTA EURONET GMBH.

a German company with limited liability

 	 
	 	By:  	/s/  Rick Weller
 	 
	 	 	Name:  	Rick Weller 	 
	 	 	Title:  	Director 	 
	 
	AGENT AND LENDER:	 BANK OF AMERICA, N.A.

 	 
	 	By:  	/s/  John P. Mills
 	 
	 	 	Name:  	John P. Mills 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Amendment No. 7 to Euro Credit AgreementEX-10.1

 

EXHIBIT 10.1

STOCK OPTION AWARD AGREEMENT

THIS AGREEMENT CONSTITUTES PART OF THE PROSPECTUS COVERING SECURITIES REGISTERED UNDER THE
SECURITIES ACT OF 1933.

     THIS
STOCK OPTION AWARD AGREEMENT (hereinafter, the “Agreement”) is made as of this ___ day of
____________, ______, by and between Goodrich Corporation, a New York corporation (the “Company”),
and _________ (the “Optionee”). For the purposes of this Agreement, all capitalized terms not
defined herein shall have the meanings ascribed thereto under the terms of the Goodrich Corporation
2001 Equity Compensation Plan (as amended, the “Plan”), unless otherwise noted.

     WHEREAS, Optionee is employed by the Company or its subsidiary corporations, as defined in the
Plan; and

     WHEREAS, the Company wishes to grant to Optionee an award of stock options under the Plan,
subject to the conditions and restrictions set forth in the Plan and this Agreement.

     NOW THEREFORE, in consideration of the mutual covenants contained in this agreement, the
parties agree as follows:

     1. Grant
of Options. The Committee has granted to Optionee as of ____________ (the
“Grant Date”),
____________ options to purchase shares of common stock, par value $5.00 per share, of
the Company (“Common Stock”), upon the terms and conditions set forth in this Agreement and the
Plan. The options granted under this Agreement are intended to be non-statutory stock options.

     2. Exercise Price. The exercise price of the shares of Common Stock covered by the
option shall be
____________ per share. This option price represents 100% of the fair market value of
the Common Stock on the date of grant, as calculated under the Plan.

     3. Term of Option. The term of the options shall be ten (10) years from the date
hereof, subject to earlier termination as provided in this Section 3. The date which is ten (10)
years after the Grant Date shall be termed the “Expiration Date”.

     4. Vesting of Options. The options granted hereunder will be deemed vested upon
Optionee’s continued employment with the Company or one of the Company’s subsidiary corporations on
the dates set forth in the following schedule:

	 	 	 
	One (1) year from the Grant Date hereof

	 	33 1/3 % of the options
	Two (2) years from the Grant Date hereof

	 	66 2/3 % of the options
	Three (3) years from the Grant Date hereof

	 	100 % of the options

     5. Post-Employment Exercise of Options.

     (a) If Optionee’s employment with the Company or a subsidiary corporation terminates prior to
the Expiration Date, and at such time the Optionee is eligible for retirement at the Normal
Retirement Date or later, as defined in the Goodrich Corporation Employees’ Pension Plan (or as
defined in a subsidiary company’s salaried pension plan in the event Optionee’s pension benefits
are received solely from the

 

 

subsidiary’s plan) in effect at the time of Optionee’s termination of employment, then all
unvested options shall vest immediately upon such termination and Optionee’s privilege to purchase
shares may be exercised by Optionee at any time but in no event later than either the date which is
five (5) years after the date Optionee’s employment with the Company terminates or the Expiration
Date, whichever occurs first, and thereafter shall terminate.

     (b) If Optionee’s employment with the Company or a subsidiary corporation terminates prior to
the Expiration Date, and at such time the Optionee is eligible for early retirement but has not yet
reached the Optionee’s Normal Retirement Date, as such terms are defined in the Goodrich
Corporation Employees’ Pension Plan (or as defined in a subsidiary company’s salaried pension plan
in the event Optionee’s pension benefits are received solely from the subsidiary’s plan) in effect
at the time of Optionee’s termination of employment, then all unvested options shall continue to
vest in accordance with Section 2 hereof, and Optionee’s privilege to purchase shares may be
exercised by Optionee at any time but in no event later than either the date which is five (5)
years after the date Optionee’s employment with the Company terminates or the Expiration Date,
whichever occurs first, and thereafter shall terminate

     (c) If Optionee’s employment with the Company or a subsidiary corporation terminates prior to
the Expiration Date by reason of permanent and total disability, as determined on the basis of
medical evidence satisfactory to the Company, then all unvested options shall vest immediately upon
such termination and Optionee’s privilege to purchase shares may be exercised by Optionee at any
time but in no event later than either the date which is five (5) years after the date Optionee’s
employment terminates or the Expiration Date, whichever occurs first, and thereafter shall
terminate.

     (d) If Optionee’s employment with the Company or a subsidiary corporation terminates prior to
the Expiration Date by reason of death, then all unvested options shall vest immediately upon such
termination and Optionee’s privilege to purchase shares may be exercised by Optionee’s executors or
administrators at any time but in no event later than either the date that is five (5) years after
the date Optionee’s employment terminates or the Expiration Date, whichever occurs first, and
thereafter shall terminate.

     (e) If Optionee’s employment with the Company or a subsidiary corporation terminates for any
reason other than death or permanent and total disability or at a time when Optionee is not
eligible for retirement, in each case as referred to above in Sections 5 (a), (b) and (c), then
Optionee’s privilege to purchase shares pursuant to options that are vested as the date of
termination may be exercised by Optionee at any time within ninety (90) days of the termination of
Optionee’s employment, but in no event later than the Expiration Date, and thereafter shall
terminate.

     (f) In the event of a Change in Control, the options granted under this Agreement shall vest
immediately upon such Change in Control and shall remain exercisable by Optionee until the earlier
of (a) the date two years after the Change in Control effective date or (b) the Expiration Date.

     (g) Notwithstanding any provisions of this Agreement to the contrary, if Optionee’s employment
with the Company or any of its subsidiary corporations is terminated for Cause, as defined herein,
the Committee may, in its sole discretion, immediately terminate the options granted under this
Agreement. For the purpose of this Agreement, “Cause” shall mean a termination of employment by
the Company due to (i) the commission by Optionee of an act of fraud or embezzlement against the

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Company or any of its subsidiary corporations, (ii) a conviction of Optionee (or a plea of
nolo contendere in lieu thereof) for any crime involving fraud, dishonesty or moral
turpitude; or (iii) intentional violation by Optionee of written policies of the Company or
specific directions of the Board, which misconduct or violation results in material damage to the
Company and continues after written notice thereof and a reasonable opportunity to cure.

     6. Method of Exercising Option. The option hereby granted may be exercised at any
time as to all or any of the shares then purchasable in accordance with this Agreement by payment
in full therefor, at the corporate offices of the Company, either in (a) cash (including checks,
bank draft money order or wire transfer) or (b) by delivering Common Stock owned of record by
Optionee, or a combination of cash and Common Stock owned of record by Optionee. The fair market
value of the Common Stock so delivered shall be the arithmetic mean of the high and low price of
the Common Stock on the New York Stock Exchange-Composite Transactions listing on the exercise date
(as of 4:00 p.m. Eastern Time). The utilization of Common Stock for all or part of the option
price shall be subject to rules and conditions issued by the Board or the Committee including but
not limited to common stock holding period requirements relating to pyramiding rules, regulations,
principles and practices of the Internal Revenue Service, the Securities and Exchange Commission
and the accounting profession. Upon receipt of such payment and payment of any required
withholding taxes, the Company will issue, sell and deliver fully paid and nonassessable shares of
Common Stock in the amount for which payment is so made. As soon as practicable after such
payment, the Company shall either transfer physical possession of a certificate or certificates
representing the shares of Common Stock so purchased or provide for book entry transfer of such
shares to the Optionee.

     7. Optionee’s Alternative to Exercising Options.

     (a) In the event of a Change in Control, and as an alternative to the exercise provisions
contained above, Optionee may under certain limited conditions hereinafter set forth, elect to
surrender and terminate the option granted herein as to all or any of the shares then purchasable
in accordance with this Agreement and receive cash from the Company.

     (b) A written application containing an election to exercise this Section 7 alternative must
be submitted to the Secretary of the Company, or his or her designee, during the period that
commences on the date on which a Change in Control occurs and ends on the 60th day thereafter.

     (c) The amount of cash paid upon exercise of this Section 7 alternative shall equal the total
number of option shares surrendered multiplied by the amount by which the fair market value of a
share of the Company’s common stock on the date of exercise exceeds the option price. The fair
market value of common stock, for purposes of this paragraph, shall be the arithmetic mean of the
high and low prices of the common stock as reported on the New York Stock Exchange-Composite
Transactions listing (or similar report) on the exercise date (as of 4:00 p.m. Eastern Time) as
determined in this Section 7(c), or, if no sale was made on such date, then on the next preceding
day on which a sale was made.

     (d) This Section 7 alternative shall not be available more than six months after (i)
Optionee’s retirement from the Company or one of its subsidiaries, or (ii) Optionee ceases to be
considered an “executive officer” of the Company and therefore subject to Section 16(b) of the
Exchange Act.

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     8. Assignability. The rights of Optionee, contingent or otherwise, in the options
cannot and shall not be sold, assigned or pledged or otherwise transferred or encumbered other than
by will or by the laws of descent and distribution.

     9. Rights as a Shareholder. Neither Optionee nor his/her beneficiary or legal
representative shall be, or have any rights of, a shareholder of the Company or have any right to
notice of meetings of shareholders or of any other proceedings of the Company.

     10. Changes in Capital Structure. The number of options covered by this Agreement and
the exercise price thereof will be adjusted appropriately in the event of any stock split, stock
dividend, combination of shares, merger, consolidation, reorganization, or other change in the
nature of the shares of Common Stock in the same manner in which other outstanding shares of Common
Stock are affected.

     11. Governing Law. This grant and exercise of this option is subject to the condition
that this option, together with any other options granted on the Grant Date, will conform with any
applicable provisions of any State or Federal law or regulation in force either at the time of
grant of the option or the exercise thereof. The Committee and the Board reserve the right
pursuant to the condition mentioned in this paragraph to terminate all or a portion of this option
if, in the opinion of the Committee and the Board, this option or the exercise thereof does not
conform with any such applicable State or Federal law or regulation and such nonconformance shall
cause material harm to the Company.

     This Agreement is to be governed by the laws of the State of New York, without regard to
conflicts of laws principles thereof.

     12. Tax Withholding. Optionee’s ability to exercise Optionee’s options and receive
the benefits of such exercise are contingent upon Optionee’s agreement that Optionee will remit to
the Company any taxes that the Company is required by law to collect from Optionee. The Company
reserves the right to deduct from the total number of shares purchased by Optionee pursuant to the
exercise of the options the number of shares the fair market value of which equals any tax
withholding obligation that the company has upon Optionee’s exercise of the option. The Company
also reserves the right to require that any such taxes be remitted to the Company from the proceeds
of the sale of any stock acquired by Optionee through exercise of the option by any stock broker
effecting such sale.

     13. Continued Employment. Nothing contained herein shall be construed as conferring
upon the Optionee the right to continue in the employ of the Company or any of its subsidiaries as
an executive or in any other capacity.

     14. Parties to Agreement. This Agreement and the terms and conditions herein set
forth are subject in all respects to the terms and conditions of the Plan, which are controlling.
All decisions or interpretations of the Board and of the Committee shall be binding and conclusive
upon Optionee or upon Optionee’s executors or administrators upon any question arising hereunder or
under the Plan. This Agreement will constitute an agreement between the Company and the Employee
as of the date first above written, which shall bind and inure to the benefit of their respective
executors, administrators, successors and assigns.

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     15. Modification. No change, termination, waiver or modification of this Agreement
will be valid unless in writing and signed by all of the parties to this Agreement.

     16. Consent to Jurisdiction. Optionee hereby consents to the jurisdiction of any
state or federal court located in the county in which the principal executive office of the Company
is then located for purposes of the enforcement of this Agreement and waives personal service of
any and all process upon Optionee. The Optionee waives any objection to venue of any action
instituted under this Agreement.

     17. Notices. All notices, designations, consents, offers or any other communications
provided for in this Agreement must be given in writing, personally delivered, or by facsimile
transmission with an appropriate written confirmation of receipt, by nationally recognized
overnight courier or by U.S. mail. Notice to the Company is to be addressed to its then principal
office. Notice to the Optionee or any transferee is to be addressed to his/her/its respective
address as it appears in the records of the Company, or to such other address as may be designated
by the receiving party by notice in writing to the Secretary of the Company.

     18. Further Assurances. At any time, and from time to time after executing this
Agreement, the Optionee will execute such additional instruments and take such actions as may be
reasonably requested by the Company to confirm or perfect or otherwise to carry out the intent and
purpose of this Agreement.

     19. Provisions Severable. If any provision of this Agreement is invalid or
unenforceable, it shall not affect the other provisions, and this Agreement shall remain in effect
as though the invalid or unenforceable provisions were omitted. Upon a determination that any term
or other provision is invalid or unenforceable, the Company shall in good faith modify this
Agreement so as to effect the original intent of the parties as closely as possible.

     20. Captions. Captions herein are for convenience of reference only and shall not be
considered in construing this Agreement.

     21. Entire Agreement. This Agreement represents the parties’ entire understanding and
agreement with respect to the issuance of the option, and each of the parties acknowledges that it
has not made any, and makes no promises, representations or undertakings, other than those
expressly set forth or referred to therein.

     IN WITNESS WHEREOF, the parties agree to the terms and conditions stated herein by signing and
returning to the Company the attached copy hereof.

	 	 	 	 	 
	 	GOODRICH CORPORATION

 	 
	 	By:  	/s/
 	 
	 	 	Vice President 	 
	 	 	 	 
	 

Accepted by:

 

(Employee’s name)

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