Document:

EXHIBIT 10.1

 

 

                                                                                                August
25, 2004

 

THQ Inc.

27001 Agoura Road, Suite
325

Calabasas Hills,
California 91301

 

Attention: Steven M. Tami

                     Vice
President Finance

 

Dear Steven:

 

                We refer to that certain Amended and Restated
Revolving Credit Agreement dated as of September 27, 2002, as amended by (i)
that certain First Amendment to Amended and Restated Revolving Credit Agreement
dated November 21, 2002, (ii) that certain Second Amendment to Amended and
Restated Revolving Credit Agreement dated as of May 30, 2003 and (iii) that
certain Third Amendment to Amended and Restated Revolving Credit Agreement
dated September 26, 2003 (said Amended and Restated Revolving Credit Agreement,
as so amended, is herein called the “Credit Agreement”), among THQ Inc., a Delaware
corporation (the “Borrower”), Union Bank of California, N.A., a national
banking association, as sole lender (the “Lender”), and Union Bank of
California, N.A., a national banking association, as administrative agent (in
such capacity, the “Agent”) for the Lender, as syndication agent and as
arranger.  Initially capitalized terms
used in this extension letter which are not otherwise defined shall have the
meanings assigned to such terms in the Credit Agreement, and the rules of
interpretation set forth in Sections 1.2 and 1.3 of the Credit Agreement are
incorporated by reference herein.

 

                The purpose of this extension letter is to confirm
that the Agent has agreed to extend the Commitment Termination Date, in
connection with each Lender’s participation in Letters of Credit issued for the
account of the Borrower, from August 31, 2004 through and including November
29, 2004.  The Credit Agreement shall be
deemed modified as of the date of this extension letter to reflect the new
Commitment Termination Date.  The
Borrower understands that a condition precedent to the Agent’s agreement to
extend the Commitment Termination Date as provided for herein is that on or
before August 31, 2004, the Borrower shall have paid to the Agent, for the
account of the Lenders, a non-refundable extension fee in the sum of Five
Thousand Dollars ($5,000).  All other
terms of the Credit Agreement shall remain in full force and effect, without
waiver or modification.

 

                Each request by the Borrower for the issuance of a
Letter of Credit shall constitute the Borrower’s representation and warranty
that no Event of Default and no condition, event or act which, with the giving
of notice or the passage of time, or both, would constitute an Event of
Default, shall have occurred and be continuing or shall exist.

 

                The Agent has not committed to make any further
extension of the Commitment Termination Date, or to renew the Commitment beyond
the new Commitment Termination Date.  Any
further extension or any renewal remains in the sole and absolute discretion of
the Agent.

 

	
   

  	
  Very truly yours,

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  UNION BANK OF CALIFORNIA, N.A.,

  	
   

  
	
   

  	
  as Administrative Agent and Lender

  	
   

  
	
   

  	
  /s/ John C. Kase

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  John C. Kase

  	
   

  
	
   

  	
  Vice PresidentExhibit
10.1

 

            EIGHTH
AMENDMENT dated as of August 25, 2004 (and effective as of June 30,
2004) (this “Amendment”) to the Credit Agreement dated as of April 19, 2001, as
amended September 17, 2001, December 21, 2001, February 7, 2002, March 20,
2002, February 5, 2003, October 30, 2003 and February 5, 2004 (as further
amended, restated, supplemented or modified, the “Credit Agreement”) by and
among VEECO INSTRUMENTS INC., a Delaware
corporation (the “Company”), FLEET NATIONAL BANK,
a national banking association, as Administrative Agent and as a Lender, JPMORGAN CHASE BANK (formerly known as The Chase Manhattan
Bank), a New York banking corporation, as Syndication Agent and as a Lender, HSBC BANK USA, a national banking association organized
under the laws of the United States of America, as Documentation Agent and as a
Lender, and the other Lenders party thereto.

 

            WHEREAS,
the Company has requested that the Lenders amend certain provisions of the
Credit Agreement, and the Lenders have agreed to amend such provisions of the
Credit Agreement, subject to the terms and conditions set forth herein;

 

            NOW,
THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

 

            1.
        Amendments.

 

                        a.
        Section 7.04 of the Credit
Agreement is hereby amended by deleting the word “or” immediately preceding
subsection “(iii)” therein and replacing it with a “,” and by adding the
following immediately following subsection “(iii)” and immediately preceding
the period at the end thereof:

 

“or (iv) those sale leaseback transactions
specifically permitted in Section 7.08 hereof” 

 

                         b.        Section
7.08 of the Credit Agreement is hereby amended by adding the following proviso
immediately preceding the period at the end thereof:

 

“except for the sale leaseback of the Company’s real
estate and related facilities (a) located in Ft. Collins, Colorado, provided
that the net proceeds of such transaction shall not be less than $2,600,000 and
(b) located in Rochester, New York, provided that such sale is an arms length
transaction and provided further that the net proceeds of any such sale shall
not be less than 75% of the book value of such property as of June 30, 2004”

 

            2.         Conditions to Effectiveness.

 

            This Amendment shall
become effective upon receipt by the Administrative Agent of: (a) this
Amendment, duly executed by the Company and the Guarantors; and (b) executed
consents from the Required Lenders authorizing the Administrative Agent to
execute this Amendment on behalf of the Lenders.

 

 

1

 

            3.
        Miscellaneous.

 

            Capitalized terms used
herein and not otherwise defined herein shall have the same meanings as defined
in the Credit Agreement.

 

            Except as expressly
amended hereby, the Credit Agreement shall remain in full force and effect in
accordance with the original terms thereof.

 

            The amendments set
forth above are limited specifically to the matters set forth above and for the
specific instances and purposes given and do not constitute directly or by
implication a waiver or amendment of any other provision of the Credit
Agreement or a waiver of any Default or Event of Default, whether now existing
or hereafter arising, which may occur or may have occurred.

 

            The Company hereby represents
and warrants that (a) after giving effect to this Amendment, the
representations and warranties made by the Company and each of its Subsidiaries
pursuant to the Credit Agreement and the other Loan Documents to which each is
a party are true and correct in all material respects as of the date hereof
with the same effect as though such representations and warranties had been
made on and as of such date, unless any such representation or warranty is as
of a specific date, in which case, as of such date, and (b) after giving effect
to this Amendment, no Default or Event of Default has occurred and is
continuing.

 

            This Amendment may be
executed in one or more counterparts, each of which shall constitute an
original, but all of which when taken together shall constitute but one
Amendment. This Amendment shall become effective when duly executed
counterparts hereof which, when taken together, bear the signatures of each of
the parties hereto shall have been delivered to the Administrative Agent.

 

            This Amendment shall
constitute a Loan Document.

 

            This Amendment shall
be governed by, and construed in accordance with, the laws of the State of New
York.

 

[next page is signature page]

 

 

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IN WITNESS WHEREOF, the Company
and the Administrative Agent, as authorized on behalf of the Lenders, have
caused this Amendment to be duly executed by their duly authorized officers,
all as of the day and year first above written.

 

	
  VEECO INSTRUMENTS INC.

  	
   

  	
  FLEET NATIONAL BANK, as

  
	
   

  	
   

  	
   

  	
  Administrative Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ John F. Rein, Jr.

  	
   

  	
  By: 

  	
  /s/ Authorized Signatory

  
	
  Name:

  	
  John F. Rein, Jr.

  	
   

  	
  Name:

  	
   

  
	
  Title:

  	
  Executive Vice President and

  	
   

  	
  Title:

  	
   

  
	
   

  	
  Chief Financial Officer

  	
   

  	
   

  	
   

  

 

The undersigned, not parties to the Credit Agreement but as Guarantors
under their respective Guaranties executed in favor of the Lenders, each hereby
(a) accept and agree to the terms of the foregoing Amendment; (b) acknowledge
and confirm that all terms and provisions contained in their respective Guaranty
are, and shall remain, in full force and effect in accordance with their
respective terms; (c) reaffirm and ratify all of the representations and
covenants contained in their respective Guaranty; and (d) represent, warrant
and confirm the non-existence of any offsets, defenses and counterclaims
to its obligations under its Guaranty.

 

 

	
  VEECO TUCSON INC.

  	
   

  	
  VEECO METROLOGY, LLC

  
	
  (formerly WYKO CORPORATION)

  	
   

  	
  By:  VEECO
  INSTRUMENTS INC., its Sole Member 

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/  John F.
  Rein, Jr.

  	
   

  	
  By:

  	
  /s/  John F. Rein,
  Jr.

  
	
  Name:

  	
  John F. Rein, Jr.

  	
   

  	
  Name:

  	
  John F. Rein, Jr.

  
	
  Title:

  	
  Vice President

  	
   

  	
  Title:

  	
  Executive Vice President and

  
	
   

  	
   

  	
   

  	
   

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  VEECO FT. COLLINS INC.

  	
   

  	
  VEECO ROCHESTER INC. 

  
	
  (formerly ION TECH, INC.)

  	
   

  	
  (formerly CVC PRODUCTS, INC.)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/  John F.
  Rein, Jr.

  	
   

  	
  By:

  	
  /s/  John F.
  Rein, Jr.

  
	
  Name:

  	
  John F. Rein, Jr.

  	
   

  	
  Name:

  	
  John F. Rein, Jr.

  
	
  Title:

  	
  Vice President

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  VEECO COMPOUND SEMICONDUCTOR

  	
   

  	
  VEECO AII INC.

  
	
  INC. (formerly Veeco St. Paul Inc. formerly
  Applied EPI, Inc.) 

  	
   

  	
  (formerly ADVANCED IMAGING, INC.)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/  John F.
  Rein, Jr.

  	
   

  	
  By:

  	
  /s/  John F.
  Rein, Jr.

  
	
  Name:

  	
  John F. Rein, Jr.

  	
   

  	
  Name:

  	
  John F. Rein, Jr.

  
	
  Title:

  	
  Vice President

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

3

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