Document:

Exhibit
10.2

 

Conformed

 

AMENDMENT

 

AMENDMENT (this “Amendment”), dated as of June 26, 2009, to
the Letter of Credit and Reimbursement Agreement dated as of December 12,
2007 (as further amended, supplemented or modified from time to time, the “Facility
Agreement”), among ARCH
REINSURANCE LTD., as Obligor, LLOYDS TSB BANK PLC, as Agent and Mandated Lead
Arranger and LLOYDS TSB BANK PLC, ING BANK N.V., LONDON BRANCH
and BARCLAYS BANK PLC, as Original Lenders.

 

W I T N E S S E T H:

 

WHEREAS, pursuant to the Facility Agreement, the Agent has agreed to issue
Letters of Credit on behalf of the Lenders;

 

WHEREAS, the Obligor has requested that certain provisions of the Facility
Agreement be amended as set forth herein; and

 

WHEREAS, the Agent and the Majority Lenders are willing to agree to
such amendment on the terms set forth herein;

 

NOW THEREFORE, in consideration of the premises and mutual covenants
contained herein, the undersigned hereby agree as follows:

 

I.              Defined Terms.  Terms defined in the Facility Agreement and
used herein shall have the meanings given to them in the Facility Agreement.

 

II.            Amendments to Section 1.1.

 

(a) Section 1.1 is amended by
inserting in appropriate alphabetical order the following definitions:

 

“Amendment” means the
Amendment dated as of June 26, 2009 to this Agreement.

 

“Amendment Effective Date”
has the meaning provided in the Amendment.

 

“FRBNY”
means the Federal Reserve Bank of New York, or any other governmental authority
that is a successor or supplemental lender under TALF.

 

“Permitted TALF
Indebtedness” has the meaning provided in the definition of Permitted
Indebtedness in this Section 1.01.

 

 

“Permitted TALF Subsidiary” has the meaning provided in the definition of Permitted Indebtedness in
this Section 1.01

 

“TALF” means
the Term-Asset Backed Securities Loan Facility, under which FRBNY will provide
funding on a non-recourse basis (other than in the case of certain exceptions
to the non-recourse provisions under TALF) to any eligible borrower secured by
eligible collateral, as announced by the Board of Governors of the Federal
Reserve System and in effect on the effective date of the Amendment and as
thereafter amended or otherwise modified from time to time (including any
successor or supplemental program thereto).

 

(b) Section 1.1 is further amended
by adding the following sentence to the end of the definition of “Indebtedness”:

 

For purposes of Section 6.1.12,
“Indebtedness” shall not include any Permitted TALF Indebtedness.

 

III.           Amendment to Section 1.2.  Section 1.2
of the Facility Agreement is hereby amended by adding a new Section 1.2.7
reading:

 

1.2.7  For purposes of computing any amount under
this Agreement (including, but not limited to, Parent Consolidated
Indebtedness, Consolidated Net Income, Consolidated Tangible Net Worth, and Parent
Consolidated Total Capital) on a consolidated basis for any purpose under this
Agreement, including, but not limited to, Section 6.1.2 and Section 6.1.3,
neither Arch Investments I LLC nor any other Permitted TALF Subsidiary shall be
considered a consolidated subsidiary of the Parent.

 

IV.           Amendment to Section 5.6.3(b).  Section 5.6.3(b) of the Facility Agreement is hereby amended by deleting Section 5.6.3(b) and replacing it with a new Section 5.6.3(b), reading:

 

The Obligor shall not, nor will it permit any of its
Subsidiaries to, create, incur, assume or permit to exist any Indebtedness, or
agree, become or remain liable (contingent or otherwise) to do any of the
foregoing, except for (i) Indebtedness incurred by the Obligor or any of
its Subsidiaries hereunder and other Indebtedness which is either pari passu with, or subordinated in right of payment to, the
Indebtedness incurred by the Obligor hereunder and the other obligations owing
hereunder and under the Fundamental Documents and (ii) in the case of any
Subsidiary, Indebtedness that is permitted under Section 5.6.3(a).

 

V.            Amendment to Section 5.6.3(c)(ii).  Section 5.6.3(c)(ii) is amended by deleting
the word “and” at the end of clause (11) of the definition of “Permitted
Indebtedness”, 

 

2

 

replacing the period at the end of clause (12) with “and,”
and inserting a new clause (13) immediately after such clause (12), to read in
its entirety as follows:

 

(13) Indebtedness incurred
by Arch Investments I LLC, a Delaware limited liability company, or any other
Subsidiary directly or indirectly formed by the Parent solely for the purpose
of participating in TALF (any such entity, a “Permitted TALF Subsidiary”),
provided that the Agent consents to the designation of such other
Subsidiary as a Permitted TALF Subsidiary, which consent shall not be
unreasonably delayed or withheld, arising out of funding extended through TALF
and any guarantee of any obligations relating thereto by an affiliate of the
Permitted TALF Subsidiary (any such Indebtedness or guarantee, “Permitted
TALF Indebtedness”); provided, that if TALF is amended or modified following the date hereafter such
that a Permitted TALF Subsidiary incurring Indebtedness under TALF as so
amended or modified would (i) be materially adverse to the interests of
the Lenders, (ii) change any of the limitations or requirements set forth
in this clause (13), or (iii) change in any material respect the
exceptions to the non-recourse provisions, then from the date of such amendment
or modification, as applicable, no Permitted TALF Subsidiary shall incur any
additional Indebtedness under TALF under this clause (13), unless such
Indebtedness is consented to by the Agent. 
For avoidance of doubt, the parties hereto acknowledge and agree that (x) amendments
or modifications to TALF relating to eligibility requirements for borrowers or
collateral, collateral haircuts, tenor and interest rates applicable to loans
extended thereunder, administrative fees, program size, termination date or
allocation procedures shall not be materially adverse to the interests of the
Lenders for purposes of this clause (13), and (y) any Indebtedness
incurred under this clause (13) by a Permitted TALF Subsidiary prior to the
date of the applicable amendment or modification discussed in the proviso above
shall continue to constitute Permitted Indebtedness under this clause (13)
regardless of any amendment or modification that may occur following the date
such Indebtedness is incurred.

 

VI.           Effective Date.  This Amendment shall become
effective on the date (the “Amendment Effective Date”) on which the Agent shall have received a counterpart of this Amendment, executed
and delivered by the Obligor and the Majority Lenders.

 

VII.          Expenses.  The Obligor agrees to pay and reimburse the
Agent for all its reasonable costs and out-of-pocket expenses incurred in
connection with the preparation and delivery of this Amendment, including,
without limitation, the reasonable fees and disbursements of counsel to the
Agent.

 

VIII.        Representations
and Warranties.  The Obligor hereby represents that as of the Amendment Effective Date: (i) each
of the representations and warranties made by it in or pursuant to the Fundamental
Documents is true and complete in all material respects as if made on and as of
such date (it being understood and agreed that any representation or warranty
that by its terms is made as of a specific date shall be required to be true
and complete in all material respects only as of such specified date), (ii) no
Default or Event of Default has occurred and is continuing after giving effect
to the amendments contemplated herein and (iii) the consolidated 

 

3

 

balance
sheet of the Parent and its Subsidiaries as at December 31, 2008 and the
related consolidated statements of income, shareholders’ equity and cash flows
for the fiscal year ended on such date, reported on by PricewaterhouseCoopers
LLP are complete and correct and present fairly the consolidated financial
condition of the Parent and its Subsidiaries as at such date, and the
consolidated results of their operations for the fiscal year then ended.

 

IX.           Amendment Fee.  The Obligor
agrees to pay each Lender which consents to this Amendment on or prior to 12:00 p.m.,
EDT Friday, June 26, 2009 (by executing and delivering to the Agent or its
counsel an executed counterpart to this Amendment on or prior to such time), an
amendment fee in an amount equal to 0.035% of the aggregate amount of such
Lender’s Commitment; such fees shall be payable no later than 5:00 p.m.,
EDT Wednesday, July 1, 2009 in immediately available funds to the Agent on
behalf of the applicable Lender.  Payment
of the amendment fee hereunder is contingent upon receipt of at least the
consents from the Majority Lenders on or prior to 12:00 p.m., EDT Friday, June 26,
2009.

 

X.            Effect.  Except as
expressly amended and waived hereby, all of the representations, warranties,
terms, covenants and conditions of the Fundamental Documents shall remain
unamended and not waived and shall continue to be in full force and effect.

 

XI.           Counterparts.  This
Amendment may be executed in multiple counterparts each of which shall be an
original and all of which when taken together shall constitute but one and the
same Agreement.

 

XII.         GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

[Remainder of Page Intentionally
Left Blank]

 

4

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their respective proper and duly authorized officers
as of the day and year first above written.

 

	
   

  	
  ARCH REINSURANCE LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Nicolas Papadopoulo

  
	
   

  	
   

  	
  Name: Nicolas Papadopoulo

  
	
   

  	
   

  	
  Title:
  President & CEO

  

 

SIGNATURE
PAGE – AMENDMENT

 

 

	
   

  	
  LLOYDS TSB BANK PLC,

  as Agent and Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ W.S. Thomas

  
	
   

  	
   

  	
  Name: W.S. Thomas

  
	
   

  	
   

  	
  Title: Director, Loan
  Syndicate

  

 

SIGNATURE
PAGE – AMENDMENT

 

 

	
   

  	
  ING BANK N.V., LONDON
  BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ N J Marchant

  
	
   

  	
   

  	
  Name: N J Marchant

  
	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ M E R Sharman

  
	
   

  	
   

  	
  Name: M E R Sharman

  
	
   

  	
   

  	
  Title: Director

  

 

SIGNATURE
PAGE – AMENDMENT

 

 

	
   

  	
  BARCLAYS BANK PLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Barton

  
	
   

  	
   

  	
  Name: David Barton

  
	
   

  	
   

  	
  Title: Director

  

 

SIGNATURE
PAGE – AMENDMENTEXHIBIT 10.1

 

FOURTH AMENDMENT AND WAIVER TO CREDIT AGREEMENT

 

This FOURTH AMENDMENT AND WAIVER TO CREDIT
AGREEMENT (“Amendment”) is dated as of June 25, 2009, but is
effective as of May 2, 2009, among METHODE ELECTRONICS, INC., a Delaware
corporation (the “Borrower”), each lender party hereto, and BANK OF
AMERICA, N.A., as Administrative Agent, and L/C Issuer.

 

WHEREAS, the Borrower, each lender from time
to time party thereto (collectively, the “Lenders” and individually, a “Lender”)
and Bank of America, N.A., as Administration Agent and L/C Issuer are parties
to that certain Credit Agreement, dated as of December 19, 2002, as
amended by the Amendment to Credit Agreement dated as of November 3, 2005,
the Amendment to Credit Agreement dated as of January 31, 2006 and the
Waiver and Amendment dated as of February 28, 2007 (the “Existing
Credit Agreement,” and as amended and modified by this Amendment and any
future amendments, restatements, supplements and modifications thereto, the “Credit
Agreement”) (terms defined in the Credit Agreement shall have the same
respective meanings when used herein);

 

WHEREAS, the Borrower has requested that
Agent and Lenders agree to waive the Events of Default as a result of the
Borrower’s non-compliance with Section 6.02(b) and Section 7.13(b) of
the Existing Credit Agreement for the fiscal quarter ended January 31,
2009 and amend the Credit Agreement in certain respects, all as more fully
hereinafter set forth, and

 

WHEREAS, Agent and Required Lenders are
willing to waive such Events of Default and amend and modify the Existing
Credit Agreement, effective as of May 2, 2009 (except as otherwise
indicated herein), on the terms and conditions contained herein.

 

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

 

ARTICLE I

WAIVERS

 

Subject to the satisfaction of the conditions
precedent set forth in Article IV of this Amendment, the Agent and Lenders
hereby waive the Borrower’s non-compliance with Section 6.02(b) and Section 7.13(b) of
the Existing Credit Agreement, solely with respect to the Borrower’s fiscal
quarter ended January 31, 2009.  The
Borrower agrees that the foregoing waivers are specific in time and in intent
and do not constitute, nor shall they be construed as, a waiver of any other
right, power or privilege under the Existing Credit Agreement, any of the other
Loan Documents or under any agreement, contract, indenture, document or other
instrument executed and delivered in connection with the Loan Documents; nor
shall the waiver contained in this Article 1 constitute a waiver of any
other Default or Event of Default of any

 

 

other term or
provision under the Existing Credit Agreement or any of the other Loan
Documents.

 

ARTICLE II

AMENDMENT

 

2.01.        Effective as of March 15,
2009, Section 1.1 of the Credit Agreement is amended so that the
definition of “Applicable Rate” shall be amended prospectively from such date
as follows:

 

“Applicable Rate” means as to (i) any
Eurodollar Rate Loan or Letter of Credit, a margin per annum equal to 2.75%, (ii) any
Base Rate Loan, a margin per annum equal to 1.50% and (iii) the Commitment
Fee, a margin per annum equal to 0.50%.

 

2.02.        Section 1.1 of the
Credit Agreement is amended so that the definition of “Consolidated Debt to
EBITDA Ratio” shall read in its entirety as follows:

 

“Consolidated Debt to EBITDA Ratio” means as of any date of
determination, the ratio of (i) Net Consolidated Indebtedness on such date
to (ii) Consolidated EBITDA for the most recent period of twelve
consecutive fiscal months then ended, to be reported by Borrower for each
fiscal month in a monthly Compliance Certificate; provided that in the case of
any fiscal month ending prior to October 31, 2009, the Consolidated Debt to
EBITDA Ratio shall be calculated by annualizing the Consolidated EBITDA
component of such calculation for the period from November 2, 2008 to the
measurement date.

 

2.03.        Section 1.1 of the
Credit Agreement is amended so that the definition of “Consolidated EBITDA”
shall read in its entirety as follows:

 

“Consolidated EBITDA” means, for any period, for the Borrower
and its Subsidiaries on a consolidated basis, an amount equal to the sum of (a) Consolidated
Net Income, (b) Consolidated Interest Charges, (c) the amount of
taxes, based on or measured by income, used or included in the determination of
such Consolidated Net Income, and (d) the amount of depreciation and
amortization expense deducted in determining such Consolidated Net Income, (e) cash
restructuring charges deducted in determining such Consolidated Net Income in
an aggregate amount not to exceed $12,000,000 during the term of this
Agreement, (f) the amount of non-cash restructuring and non-cash goodwill
and intangible asset impairment charges deducted in determining such
Consolidated Net Income.

 

2.04.        Section 1.1 of the
Credit Agreement is amended by adding a definition of “Consolidated Interest
Coverage Ratio” as follows:

 

“Consolidated Interest Coverage Ratio” means, as of any date of
determination, the ratio of (a) Consolidated EBITDA for the period of the
four

 

2

 

prior fiscal
quarters ending on such date to (b) Consolidated Interest Charges paid in
cash for such period; provided that for the fiscal quarter ending nearest July 31,
2009, the measurement period for both components shall be the prior three
fiscal quarters ending on such date.

 

2.05.        Section 1.1 of the
Credit Agreement is amended to delete the definition of “Consolidated Fixed Charge
Coverage Ratio”.

 

2.06.        Section 1.1 of the
Credit Agreement is amended by adding a definition of “Net Consolidated
Indebtedness” as follows:

 

“Net
Consolidated Indebtedness” means at any time total Indebtedness of the
Borrower and its Subsidiaries minus
an amount equal to 33% of the aggregate amount of unencumbered cash or
Investments in cash equivalents of the Borrower and its Subsidiaries; provided
that if the result of such subtraction is negative, the amount shall be zero.

 

2.07.        Section 6.02(b) of
the Credit Agreement is amended to read in its entirety as follows:

 

(b)           concurrently
with the delivery of the financial statements referred to in Sections 6.01(a) and
(b), and within 30 days after the end of any fiscal month of the
Borrower that is not a fiscal year or fiscal quarter end, a duly completed
Compliance Certificate signed by a Responsible Officer of the Borrower;

 

2.08.        Section 7.07(d) of
the Credit Agreement is amended to read in its entirety as follows:

 

(d)           the
Borrower may declare or pay cash dividends to its stockholders provided that
immediately before and after giving effect to such declaration or payment, (i) no
Default or Event of Default would exist and (ii) the Borrower’s
Consolidated Debt to EBITDA Ratio is less than 1.50:1.00, and

 

2.09.        Section 7.07(e) of
the Credit Agreement is amended to read in its entirety as follows:

 

(e)           the Borrower may
purchase or otherwise acquire shares of its capital stock or warrants, rights
or options to acquire any such shares for cash (individually, a “Share
Repurchase” and collectively, the “Share Repurchases”), provided that (1) any
shares of the Borrower’s capital stock, warrants, rights or options so
purchased or acquired shall be retired concurrently with such purchase or
acquisition (or held by the Borrower thereafter as treasury shares), (2) immediately
before and after giving effect to any such Share Repurchase pursuant to this Section 7.07(e),
(i) no Default or Event of Default would exist, and (ii) the Borrower’s
Consolidated Debt to EBITDA Ratio is less than 1.50:1.00.

 

3

 

2.10.        Section 7.13 of the
Credit Agreement is amended to read in its entirety as follows:

 

7.13 
Financial Covenants.

 

(a)   Consolidated Net Worth.  Permit Consolidated Net Worth as of the end
of any fiscal quarter of the Borrower to be less than the sum of (a) 85%
of Consolidated Net Worth as of May 2, 2009, plus (b) an amount equal
to 50% of the Consolidated Net Income earned in each fiscal quarter ending
after May 2, 2009 (with no deduction for a net loss in any such fiscal
quarter), plus (c) an amount equal to 100% of the aggregate cumulative net
proceeds of any Equity Issuance after May 2, 2009; minus (d) the
amount of non-cash restructuring and non-cash goodwill and intangible asset
impairment charges deducted in determining Consolidated Net Income after May 2,
2009.

 

(b)  Consolidated Interest Coverage Ratio.  Beginning with the fiscal quarter ending
nearest July 31, 2009, permit the Consolidated Interest Coverage Ratio as
of the end of any fiscal quarter of the Borrower to be less than 3.50:1.00.

 

(c)  Consolidated Debt to EBITDA Ratio.  Beginning with the fiscal month ending May 2,
2009, permit its Consolidated Debt to EBITDA Ratio as of the end of any fiscal
month of the Borrower to exceed 2.50:1.

 

2.11.        The Credit Agreement is
further amended so that Exhibit C shall read in its entirety as set forth
in Schedule 1 attached hereto:

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES

 

The Borrower hereby represents and warrants to
the Administrative Agent and the Lenders that:

 

3.01.        After giving effect to
this Amendment, the representations and warranties of the Borrower set forth in
Article V of the Credit Agreement are true and correct as of the date
hereof as though made on the date hereof and as though applied to the Credit
Agreement as amended by this Amendment (except to the extent that such
representations and warranties specifically refer to an earlier date, in which
case they are true and correct as of such earlier date, and except that for
purposes of this Section 3.01, the representations and warranties
contained in Section 5.05(a) and (b) of the Credit Agreement
shall be deemed to refer to the most recent statements furnished pursuant to Section 6.01
(a) and (b) of the Credit Agreement).

 

3.02.        After giving effect to
this Amendment, no Default or Event of Default has occurred and is continuing.

 

4

 

ARTICLE IV

CONDITIONS PRECEDENT

 

This Amendment shall become effective as of May 2,
2009 (or in the case of Section 2.01 hereof, effective as of March 15,
2009),  upon receipt by the
Administrative Agent of all of the following in form and substance satisfactory
to the Administrative Agent:

 

4.01.        counterparts of this
Amendment and Acknowledgement (or an executed facsimile copy hereof and
thereof), executed by the Borrower, the Required Lenders and the Guarantors,
respectively;

 

4.02.        a Guaranty Supplement in
the form attached to this Amendment;

 

4.03.        a duly completed
Compliance Certificate for the Borrower’s fiscal quarter ended January 31,
2009;

 

4.04.        for the ratable account of
each Lender which executes and delivers its signature page hereto as and
when required by the Administrative Agent, an amendment fee equal to 0.10% of such
Lender’s Commitment;

 

4.05.        evidence of the payment to
the Administrative Agent in immediately available funds of all reasonable legal
fees and expenses of the Administrative Agent to the extent theretofore
invoiced;

 

4.06.        a certificate of the
Secretary or the Assistant Secretary each of the Borrower and its Domestic
Subsidiaries as to resolutions, and the signatures and incumbency of officers
authorized to sign this Amendment; and

 

4.07.        such other documents as
the Administrative Agent shall require.

 

ARTICLE V

 

GENERAL

 

5.01.        As amended or modified by
this Amendment, the Loan Documents shall remain in full force and effect.  References to the Credit Agreement in any of
the Loan Documents shall be deemed to include a reference to the Credit
Agreement as amended or modified hereby, whether or not reference is made to
this Amendment.  Section headings
used in this Amendment are for convenience of reference only, and shall not
affect the construction of this Amendment.

 

5.02.        This Amendment may be
executed in any number of counterparts (each of which shall be deemed an
original, but all such counterparts together shall constitute but one and the
same instrument).

 

5

 

5.03.        The Borrower agrees to pay
to or reimburse the Administrative Agent, upon demand, for all reasonable costs
and expenses incurred (including legal expenses) in connection with the
development, preparation, negotiation, execution and delivery of this
Amendment.

 

5.04.        All obligations of the Borrower
and rights of the Administrative Agent and the Lenders, that are expressed
herein, shall be in addition to and not in limitation to those provided by
applicable law.  This Amendment shall be
a contract made under and governed by the internal laws of the State of
Illinois, without giving effect to principles of conflicts of laws.  Whenever possible, each provision of this
Amendment shall be interpreted in such manner as to be effective and valid
under applicable law; but if any provision of this Amendment shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of
this Amendment.

 

5.05.        The Borrower acknowledges
and agrees that the execution and delivery by the Administrative Agent and the
Required Lenders of this Amendment shall not be deemed to create a course of
dealing or otherwise obligate the Lenders to forbear or execute similar amendments
under the same or similar circumstances in the future.

 

5.06.        This Amendment shall be
binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns.  No
third party beneficiaries are intended in connection with this Amendment.

 

5.07.        This Amendment, together
with the Credit Agreement, contains the entire and exclusive agreement of the
parties hereto with reference to the matters discussed herein and therein.  This Amendment supercedes all prior drafts
and communications with respect hereto. 
This Amendment may not be amended except in accordance with the
provisions of Section 10.1 of the Credit Agreement.

 

[Signature Page Follows]

 

6

 

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

 

 

	
   

  	
  METHODE ELECTRONICS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A., as

  
	
   

  	
  Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Jonathan M. Phillips

  
	
   

  	
  Name: 

  	
  Jonathan M. Phillips

  
	
   

  	
  Title: 

  	
  Senior Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A., as a Lender, and L/C

  
	
   

  	
  Issuer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Jonathan
  M. Phillips

  
	
   

  	
  Name: 

  	
  Jonathan M.
  Phillips

  
	
   

  	
  Title: 

  	
  Senior Vice
  President

  

 

 

ACKNOWLEDGEMENT

 

The undersigned hereby acknowledges and
agrees to the foregoing Amendment and confirms that its Loan Documents remain
in full force and effect and are hereby reaffirmed.

 

 

	
   

  	
  ABAS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AUTOMOTIVE SAFETY TECHNOLOGIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CABLECO TECHNOLOGIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DUEL SYSTEMS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  KBA, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  

 

8

 

	
   

  	
  MAGNA-LASTIC DEVICES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TRACE LABORATORIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  METHODE DEVELOPMENT COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  METHODE ELECTRONICS CONNECTIVITY

  TECHNOLOGIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  C. E. THERMAL SYSTEMS, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HETRONIC INTERNATIONAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  

 

9

 

	
   

  	
  HETRONIC USA, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HETRONIC ASIA HOLDING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TOUCHSENSOR TECHNOLOGIES, L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A. Koman

  
	
   

  	
  Title: 

  	
  Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  VALUE ENGINEERED PRODUCTS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Douglas
  A. Koman

  
	
   

  	
  Name: 

  	
  Douglas A.
  Koman

  
	
   

  	
  Title: 

  	
  Vice
  President

  

 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]