Document:

Amended and Restated Loan Agreement

  
 EXHIBIT 10.1 
  
 SECOND AMENDMENT AND WAIVER AGREEMENT 
  
 THIS SECOND AMENDMENT AND WAIVER AGREEMENT (this
“Agreement”), is dated as of January     , 2004, by and between Q.E.P. CO., INC., a Delaware corporation with its chief executive office and principal place of business at 1081 Holland Drive, Boca
Raton, Florida 33487, Q.E.P. - O’TOOL, INC., a Nevada corporation with its chief executive office and principal place of business at 1070 Mary Crest Road, Henderson, NV 89014, MARION TOOL CORPORATION, an Indiana corporation with
its chief executive office and principal place of business at 1081 Holland Drive, Boca Raton, Florida 33487, ROBERTS CONSOLIDATED INDUSTRIES, INC., a Delaware corporation with its chief executive office and principal place of business at 1081
Holland Drive, Boca Raton, Florida 33487, ROBERTS JAPAN KK, an entity organized in Japan with its chief executive office and principal place of business at 1081 Holland Drive, Boca Raton, Florida 33487, ROBERTS HOLDING INTERNATIONAL,
INC., a Delaware corporation with its chief executive office and principal place of business at 1081 Holland Drive, Boca Raton, Florida 33487, ROBERTS COMPANY CANADA LIMITED, an entity organized in Ontario, Canada with its chief executive
office and principal place of business at 2070 Steeles Avenue, Bramalea, Ontario, Canada L6T1A7, ROBERTS HOLLAND B.V., an entity organized in The Netherlands with its chief executive office and principal place of business at 3360 AB
Sliedrecht, P.O. Box 64, Parallelweg, The Netherlands, ROBERTS U.K. LIMITED, an entity organized in England with its chief executive office and principal place of business at Unit 10, Branxholme Industrial Estate, Bailiff Bridge, Brighouse,
West Yorkshire, England, HD6 4EA, ROBERTS GERMANY GmbH, an entity organized in Germany with its chief executive office and principal place of business at Dreieichstrasse 10, 64546 Morfelden-Waldorf, Germany, ROBERTS S.A.R.L., an entity
organized in France with its chief executive office and principal place of business at 25 rue de la Gare, 78370b Plaisir, France, Q.E.P. STONE HOLDINGS, INC., a Florida corporation with a place of business at 1081 Holland Drive, Boca Raton,
Florida 33487, Q.E.P. AUST. PTY. LIMITED, an entity organized in Australia with a place of business at 32-34 Hydrive Close, Victoria, Australia 3175, Q.E.P. CHILE LIMITADA, an entity organized in Chile with a place of business at Av.
Recoleta 4464, Huechuraba, Santiago, Chile, Q.E.P. HOLDING B.V., an entity organized in the Netherlands with its chief executive office and principal place of business at 3360 AB Sliedrecht, Parallelweg, The Netherlands, Q.E.P. CO. NEW
ZEALAND LIMITED, an entity organized in New Zealand with a place of business at 67 Dalgety Drive, Manukau City, Auckland, New Zealand, Q.E.P. ZOCALIS HOLDING L.L.C., a Delaware limited liability company with a place of business at 1081
Holland Drive, Boca Raton, Florida 33487, Q.E.P. ZOCALIS S.R.L., an entity organized in Argentina with its chief executive office and principal place of business at 1607 Villa Adelina, Buenos Aries, Argentina, BOIARDI PRODUCTS
CORPORATION, an Ohio corporation, with its chief executive office and principal place of business at 453 Main Street, Little Falls, New Jersey 07424, Q.E.P. CO. U.K. LIMITED, an entity organized in England with its chief executive office
and principal place of business at 222 Grays Inn Road, London, England WC1X 8XF (all of the foregoing are hereinafter collectively referred to as, the “Borrower”), FLEET CAPITAL CORPORATION (“FCC”) and HSBC BANK
USA (“HSBC” and together with FCC, the “Lenders” and each individually a “Lender”), and FLEET CAPITAL CORPORATION, a Rhode Island corporation with an office at One Landmark Square,
Stamford, Connecticut 06901, as agent for the Lenders, (hereinafter referred to as the “Agent”). 
  

 1 

 PREAMBLE 
  

WHEREAS, pursuant to that certain Second Amended and Restated Loan Agreement dated as of November 14, 2002 by and among the Borrower, the
Lenders and the Agent (as amended and in effect from time to time, the “Loan Agreement”), the Lenders made, or agreed to make in the future, certain Loans to the Borrower; 
  
 WHEREAS, the Borrower has requested Lenders to amend the Loan
Agreement in order to, among other things, add Q.E.P. Co. U.K. Limited (“QEP UK”) as a Borrower and waive certain requirements contained therein; and 
  

WHEREAS, Lenders are willing to amend the Loan Agreement and waive such requirements subject to and in reliance upon the representations,
warranties, acknowledgments, covenants and agreements of Borrower contained herein. 
  
 AGREEMENT 
  
 NOW,
THEREFORE, in consideration of the mutual promises and covenants contained herein and acknowledging that Lenders are relying upon the representations, warranties, acknowledgments, covenants and agreements of Borrower contained herein, Borrower
and Lenders agree as follows: 
  
 I. Acknowledgments and
Affirmations. 
  
 A. Borrower and Lenders acknowledge and
agree that capitalized terms used herein and without definition shall have the meanings assigned to them in the Loan Agreement. 
  
 B. Borrower acknowledges and affirms that: 
  
 1. As of December 31, 2003, Borrower is legally and validly indebted to Lenders under the Loan Agreement in the principal amount
(including the face amount of outstanding Letters of Credit) of $ $14,904,959.75 with respect to the Revolving Loan, $ 5,991,666.00 with respect to the Term Loans, $0.00 with respect to the BV Loans and CAD $2,136,179.22 with respect to the Mortgage
Loan, plus interest, fees and charges accrued and accruing thereon and thereunder, and there is no defense, offset or counterclaim with respect to any such indebtedness or independent claim or action against Lenders. 
  
 2. All indebtedness of Borrower to Lenders whenever and
however arising, is secured by a duly perfected, first priority security interest in the Collateral (or, in the case of QEP UK, a second priority security interest in the Collateral which is and shall be junior only to the liens described in
subsection III (ii) below). 
  
 C. Borrower represents and
warrants that: 
  
 1. The resolutions previously
adopted by the Board of Directors of each Borrower with respect to the Loan Agreement and provided to Lenders have not in any way been rescinded or modified and have been in full force and effect since their adoption to and including the date hereof
and are now in full force and effect, except to the extent that they have been modified or supplemented to authorize this Agreement and the documents and transactions describe herein. 
  

 2 

 2. Each Borrower has the corporate power and authority to enter into this Agreement and
the transactions contemplated herein, and each Borrower has taken all necessary corporate action to authorize this Agreement and the transactions contemplated herein. 
  
 3. Except as amended by this Agreement, all representations, warranties and covenants contained in the Loan
Agreement, and in the schedules and exhibits attached thereto, are true and correct on and as of the date hereof, are incorporated herein by reference and, with respect to each Borrower organized under the laws of any jurisdiction with the United
States, Canada, the Netherlands, Australia or the United Kingdom, are hereby remade, and, with respect to each other Borrower, are hereby remade to the best of their knowledge. 
  
 4. No Borrower is currently in default under the Loan Agreement, and no condition exists or has occurred
which would constitute a default thereunder but for the giving of notice or passage of time, or both. 
  
 D. The consummation of the transactions contemplated herein (a) is not prevented or limited by, nor does it conflict with or result in a breach of the
terms, conditions or provisions of, any Borrower’s articles of incorporation or bylaws, or any evidence of indebtedness, agreement or instrument of whatever nature to which any Borrower is a party or by which any of them is bound, (b) does not
constitute a default under any of the foregoing, and (c) does not violate any federal, state or local law, regulation or order of any court or agency which is binding upon any Borrower. 
  
 II. Amendments to Loan Agreement. The following amendments to the Loan Agreement shall be made. 
  
 A. Section 1.1 is hereby amended by adding the following definition in the
appropriate alphabetical location: 
  
 “‘Borrower’ means that term as defined in the preamble to the Second Amendment and Waiver Agreement to the Agreement dated as of January 9, 2004.” 
  
 B. Section 1.1 is hereby further amended by deleting the definitions of “Foreign Advances” and “Foreign
Companies” and replacing them with the following: 
  
 “Foreign Advances” shall mean those advances made in favor of Roberts Japan KK, Roberts U.K. Limited, Roberts Germany GmbH, Roberts S.A.R.L., Q.E.P Holding B.V., Q.E.P. Aust. Pty. Limited, Q.E.P. Chile Limitada, Q.E.P. Co., New
Zealand Limited, Q.E.P. Zocalis S.R.L., and Q.E.P. Co. U.K. Limited. 
  
 “Foreign Companies” shall mean Roberts Japan KK, Roberts U.K. Limited, Roberts Germany GmbH, Roberts S.A.R.L., Q.E.P. Holding B.V., Q.E.P. Aust. Pty. Limited, Q.E.P. Chile Limitada, Q.E.P. Co., New Zealand
Limited, Q.E.P. Zocalis S.R.L. and Q.E.P. Co. U.K. Limited. 
  
 C.
Section 1.1 is hereby further amended by adding the following sentence at the end of the definition of “Eligible Accounts Receivable”. “An Eligible Account Receivable” may, at the relevant time of reference, only be included in
the calculation of one, but not more than one, of the Borrowing Base, the BV Borrowing Base, and the Foreign Borrowing Base. 
  
 D. Schedule 1 to the Loan Agreement is hereby amended by adding in the appropriate alphabetical location, “Q.E.P.- O’Tool, Inc.”.

  

 3 

 III. Certain Waivers. The following sections of the Loan Agreement are hereby waived on a one-time basis,
solely for the purposes set forth below: 
  
 (i)
Section 5.14, solely to permit the acquisition by QEP UK of certain stock and/or assets of Vitrex Limited (“Vitrex”). The Agent and the Lenders acknowledge and agree that the consideration for this acquisition shall not be counted in
calculating the annual and aggregate limits set forth in Section 5.14 (a)(ix). 
  
 (ii) Section 6.1, solely to permit the incurrence of liens by QEP UK in favor of HSBC Bank plc and HSBC Invoice Finance (UK) Ltd securing
indebtedness described in (iii) below; 
  
 (iii)
Section 6.2, solely to permit the incurrence by QEP UK of certain indebtedness on or about the date hereof in favor of HSBC Bank plc and HSBC Invoice Finance (UK) Ltd for purposes of financing such acquisition and providing working capital to QEP
UK; 
  
 (iv) Section 6.3, solely to permit the
acquisition by QEP UK of certain assets of Vitrex; 
  
 (v) Section 6.9, solely to permit the guarantee by Q.E.P. Co., Inc., upon terms and conditions satisfactory to the Required Lenders, of the indebtedness described in (iii) above; and 
  
 (vi) Section 6.11, solely to permit the creation of QEP UK
as a Subsidiary. 
  
 IV. Joinder. QEP UK hereby agrees to become a
Borrower as such term is used in the Loan Agreement and the Loan Documents and, by virtue of its execution and delivery of this Agreement, agrees to assume all of the obligations and liabilities of a Borrower under the Loan Agreement and the other
Loan Documents and be deemed to be a party and signatory to the Loan Agreement and the other Loan Documents (including, without limitation, the Notes). 
  
 V. Pledge of QEP UK stock. Pursuant to Section 5.14(b) of the Loan Agreement, Q.E.P. Co., Inc. hereby pledges 66 2/3% of the issued and outstanding
capital stock of QEP UK to the Agent, for the ratable benefit of the Lenders, and agrees (i) that the Stock Pledge Agreement is hereby amended in all respects necessary to effect such pledge and (ii) to take all further actions as may be required
under English law to evidence and effect such pledge. 
  
 VI.
Amendment to Other Loan Documents. The Loan Documents are hereby amended so as to be consistent with the amendments set forth in this Agreement. 
  
 VII. Miscellaneous. 
  
 A. Each Borrower acknowledges, agrees and affirms that Lenders’ first priority security interest, (or, in the case of QEP UK, Lenders’ second
priority security interest, which is and shall be junior only to the liens described in subsection III (ii) above) in its personal property and assets shall continue to secure Borrower’s respective indebtedness to Lenders arising under the
Loans. 
  
 B. This Agreement shall be governed by and construed in
accordance with the laws of the State of Connecticut (except its conflicts of laws provisions). 
  

 4 

 C. Upon the execution of this Agreement, the Loan Agreement is amended to the extent this Agreement
amends the Loan Agreement. Except as specifically amended by the terms of this Agreement, all terms and conditions set forth in the Loan Agreement shall remain in full force and effect. 
  
 D. This Agreement may be executed in any number of counterparts, each of which shall constitute an original and all of which
taken together shall constitute one instrument. 
  
 [The remainder
of this page has been left blank intentionally.] 
  

 5 

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

	 WITNESSES AS TO ALL
 BORROWERS
	 	 	 	 BORROWER:
 Q.E.P. CO., INC.

				
	 	 	 	 	By:	 	 
	
	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Chief Financial Officer
 Duly Authorized

	
	 	 	 	 	 	 

  

	 	 	 	 	Q.E.P.-O’TOOL, INC.
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

	 	 	 	 	MARION TOOL CORPORATION
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

	 	 	 	 	 ROBERTS CONSOLIDATED
 INDUSTRIES, INC.

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

 6 

 ROBERTS HOLDING INTERNATIONAL INC. 
  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

	 	 	 	 	ROBERTS COMPANY CANADA LIMITED
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

	 	 	 	 	ROBERTS U. K. LIMITED
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its Chairman, Director
 Duly Authorized

  

	 	 	 	 	ROBERTS GERMANY GmbH
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

 7 

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its President, Director
 Duly Authorized

  

	 	 	 	 	ROBERTS S.A.R.L.
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its President, Director
 Duly Authorized

  

	 	 	 	 	ROBERTS JAPAN KK
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its President
 Duly Authorized

  

	 	 	 	 	ROBERTS HOLLAND B.V.
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its President, Director
 Duly Authorized

  

 8 

	 	 	 	 	Q.E.P. HOLDING B.V.
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its President, Director
 Duly Authorized

  

	 	 	 	 	Q.E.P. STONE HOLDINGS, INC.
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

	 	 	 	 	Q.E.P. AUST. PTY. LIMITED
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its President, Director
 Duly Authorized

  

	 	 	 	 	Q.E.P. CO. NEW ZEALAND, LIMITED
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its President, Director
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its President, Director
 Duly Authorized

  

 9 

	 	 	 	 	Q.E.P. CHILE LIMITADA
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its President, Director
 Duly Authorized

  

	 	 	 	 	Q.E.P. ZOCALIS HOLDING, L.L.C.
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

	 	 	 	 	Q.E.P. ZOCALIS S.R.L.
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its President, Director
 Duly Authorized

  

	 	 	 	 	BOIARDI PRODUCTS CORPORATION
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

 10 

	 	 	 	 	Q.E.P. CO. U.K. LIMITED
				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Marc Applebaum
 Its Director, Secretary
 Duly Authorized

  

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 Lewis Gould
 Its Director
 Duly Authorized

  

 11 

	 WITNESSES AS TO AGENT:
	 	 	 	 AGENT:
 FLEET CAPITAL CORPORATION

				
	 	 	 	 	By:	 	 
	
	 	 	 	 	

	 	 	 	 	 	 	 Deirdre Sikora
 Its Vice President
 Duly Authorized

	
	 	 	 	 	 	 

  

	 WITNESSES AS TO FCC:
	 	 	 	 LENDERS:
 FLEET CAPITAL CORPORATION

				
	 	 	 	 	By:	 	 
	
	 	 	 	 	

	 	 	 	 	 	 	 Deirdre Sikora
 Its Vice President
 Duly Authorized

	
	 	 	 	 	 	 

  

	 WITNESSES AS TO HSBC:
	 	 	 	 LENDERS:
 HSBC BANK USA

				
	 	 	 	 	By:	 	 
	
	 	 	 	 	

	 	 	 	 	 	 	 Jose M. Cruz
 Its Senior Vice President
 Duly Authorized

	
	 	 	 	 	 	 

  

 12Second Amendment to Amended and Restated Credit and Security Agreement

 Exhibit 10.91 
  
 SECOND AMENDMENT TO AMENDED AND RESTATED 
 CREDIT AND SECURITY AGREEMENT 
  
 This Amendment, dated as of November 26, 2003, is made by and between RF MONOLITHICS, INC., a Delaware corporation (the “Borrower”), and WELLS FARGO BUSINESS CREDIT, INC., a Minnesota corporation (the
“Lender”). 
  
 Recitals 
  
 The Borrower and the Lender are parties to that certain Amended and Restated
Credit and Security Agreement dated as of February 3, 2003, as amended by that certain First Amendment to Amended and Restated Credit and Security Agreement dated as of May 31, 2003 (as amended, the “Credit Agreement”). Capitalized
terms used in this Amendment which are defined in the Credit Agreement shall have the same meanings as defined therein, unless otherwise defined herein. 
  
 The Borrower has requested that certain amendments be made to the Credit Agreement and the other Loan Documents, which the Lender is willing to make
pursuant to the conditions set forth herein. 
  
 NOW, THEREFORE,
in consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows: 
  
 1. Defined Terms. Section 1.1 of the Credit Agreement is amended by deleting therefrom the definition of “Special Charges”. 

 
 2. Amendment to Section 6.16. Section 6.16 of the Credit Agreement
is amended and restated in its entirety to read as follows: 
  
 Section 6.16 Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth in an amount not less than the amount set forth below: 
  
 (a) From September 1, 2003 through November 30, 2003, a
minimum Book Net Worth of not less than $150,000 less than the Book Net Worth as at the prior FYE; 
  
 (b) From December 1, 2003 through February 29, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE plus
$60,000; 
  
 (c) From March 1, 2004 through May
31, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE plus $350,000; and 
  

 (d) From June 1, 2004 through August 31, 2004, a minimum Book Net Worth of not less than
the Book Net Worth as the prior FYE plus $500,000. 
  
 3.
Amendment to Section 6.17. Section 6.17 of the Credit Agreement is amended and restated in its entirety to read as follows: 
  
 Section 6.17 Quarterly Minimum Net Income. The Borrower will achieve (a) during the three-month fiscal period ending on November
30, 2003, a minimum Net Income of greater than <$150,000>; (b) during the six-month fiscal period ending on February 29, 2004, a minimum Net Income of greater than $60,000; (c) during the nine-month fiscal period ending on May 31, 2004, a
minimum Net Income of greater than $350,000; and (d) for the fiscal year ending August 31, 2004, a minimum Net Income of greater than $500,000. 
  
 4. Amendment to Section 6.18. Section 6.18 of the Credit Agreement is amended and restated in its entirety to read as follows: 
  
 Section 6.18 Monthly Minimum Net Income. The Borrower
will achieve, as of the end of each month, a minimum Net Income of greater than <$200,000>. 
  
 5. Amendment to Section 6.19. Section 6.19 of the Credit Agreement is amended and restated in its entirety as follows: 
  
 Section 6.19 New Covenants. On or before November 30,
2004, the Borrower and the Lender shall agree on new covenant levels for Sections 6.16, 6.17, 6.18 and 7.10 for periods after such date. The new covenant levels will be based on Borrower’s projections for such periods and will be set by the
Lender in accordance with past practices. 
  
 6. Amendment to
Section 7.10. Section 7.10 of the Credit Agreement is amended and restated in its entirety as follows: 
  
 Section 7.10 Capital Expenditures. The Borrower will not incur or contract to incur Capital Expenditures during the fiscal year
ending August 31, 2004, in the aggregate, of more than the sum of $1,000,000 plus the lesser of (i) 50% of Net Income for the current fiscal year, or (ii) 50% of Excess Cash Flow for the current fiscal year. 
  
 7. Amendment to Exhibit D. Exhibit D to the Credit Agreement is
hereby amended to be in the form of Exhibit D to this Amendment. 
  
 8. No Other Changes. Except as explicitly amended by this Amendment, all of the terms and conditions of the Credit Agreement shall remain in full force and effect and shall apply to any advance or letter of credit thereunder.

  

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 9. Conditions Precedent. This Amendment shall be effective as of the date hereof when the Lender
shall have received an executed original hereof, together with each of the following, each in substance and form acceptable to the Lender in its sole discretion: 
  
 (a) A Certificate of the Secretary of the Borrower certifying as to (i) the resolutions of the board of
directors of the Borrower approving the execution and delivery of this Amendment, (ii) the fact that the certificate of incorporation and bylaws of the Borrower, which were certified and delivered to the Lender pursuant to the Certificate of
Secretary dated as of February 3, 2003, continue in full force and effect and have not been amended or otherwise modified except as set forth in the Certificate to be delivered, and (iii) certifying that the officers and agents of the Borrower who
have been certified to the Lender, pursuant to the Certificate of Secretary dated as of February 3, 2003, as being authorized to sign and to act on behalf of the Borrower continue to be so authorized or setting forth the sample signatures of each of
the officers and agents of the Borrower authorized to execute and deliver this Amendment and all other documents, agreements and certificates on behalf of the Borrower. 
  
 (b) Such other matters as the Lender may require. 
  
 10. Representations and Warranties. The Borrower hereby represents and
warrants to the Lender as follows: 
  
 (a) The
Borrower has all requisite power and authority to execute this Amendment and to perform all of its obligations hereunder, and this Amendment has been duly executed and delivered by the Borrower and constitutes the legal, valid and binding obligation
of the Borrower, enforceable in accordance with its terms. 
  
 (b) The execution, delivery and performance by the Borrower of this Amendment have been duly authorized by all necessary corporate action and do not (i) require any authorization, consent or approval by any
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, (ii) violate any provision of any law, rule or regulation or of any order, writ, injunction or decree presently in effect, having applicability to
the Borrower, or the articles of incorporation or by-laws of the Borrower, or (iii) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, lease or instrument to which the Borrower is a
party or by which it or its properties may be bound or affected. 
  
 (c) All of the representations and warranties contained in Article V of the Credit Agreement are correct on and as of the date hereof as though made on and as of such date, except to the extent that such
representations and warranties relate solely to an earlier date. 
  
 11. References. All references in the Credit Agreement to “this Agreement” shall be deemed to refer to the Credit Agreement as amended hereby; and any and all references in the 

  

 -3- 

 
Security Documents to the Credit Agreement shall be deemed to refer to the Credit Agreement as amended hereby. 
  
 12. No Waiver. The execution of this Amendment and acceptance of any
documents related hereto shall not be deemed to be a waiver of any Default or Event of Default, breach or default under the Credit Agreement or breach, default or event of default under any Security Document or other document held by the Lender,
whether or not known to the Lender and whether or not existing on the date of this Amendment. 
  
 13. Release. THE BORROWER HEREBY ABSOLUTELY AND UNCONDITIONALLY RELEASES AND FOREVER DISCHARGES THE LENDER, AND ANY AND ALL PARTICIPANTS, PARENT CORPORATIONS, SUBSIDIARY CORPORATIONS, AFFILIATED
CORPORATIONS, INSURERS, INDEMNITORS, SUCCESSORS AND ASSIGNS THEREOF, TOGETHER WITH ALL OF THE PRESENT AND FORMER DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES OF ANY OF THE FOREGOING, FROM ANY AND ALL CLAIMS, DEMANDS OR CAUSES OF ACTION OF ANY KIND,
NATURE OR DESCRIPTION, WHETHER ARISING IN LAW OR EQUITY OR UPON CONTRACT OR TORT OR UNDER ANY STATE OR FEDERAL LAW OR OTHERWISE, WHICH THE BORROWER HAS HAD, NOW HAS OR HAS MADE CLAIM TO HAVE AGAINST ANY SUCH PERSON FOR OR BY REASON OF ANY ACT,
OMISSION, MATTER, CAUSE OR THING WHATSOEVER ARISING FROM THE BEGINNING OF TIME TO AND INCLUDING THE DATE OF THIS AMENDMENT, WHETHER SUCH CLAIMS, DEMANDS AND CAUSES OF ACTION ARE MATURED OR UNMATURED OR KNOWN OR UNKNOWN. 
  
 14. Costs and Expenses. The Borrower hereby reaffirms its agreement
under the Credit Agreement to pay or reimburse the Lender on demand for all costs and expenses incurred by the Lender in connection with the Loan Documents, including without limitation all reasonable fees and disbursements of legal counsel. Without
limiting the generality of the foregoing, the Borrower specifically agrees to pay all fees and disbursements of counsel to the Lender for the services performed by such counsel in connection with the preparation of this Amendment and the documents
and instruments incidental hereto. The Borrower hereby agrees that the Lender may, at any time or from time to time in its sole discretion and without further authorization by the Borrower, make a loan to the Borrower under the Credit Agreement, or
apply the proceeds of any loan, for the purpose of paying any such fees, disbursements, costs and expenses. 
  
 15. Miscellaneous. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an
original and all of which counterparts, taken together, shall constitute one and the same instrument. 
  
 16. Governing Law; Jurisdiction, Venue; Waiver of Jury Trial. This Amendment and the Loan Documents shall be governed by and construed in
accordance with the substantive laws (other than conflict laws) of the State of Texas. Each party hereto hereby (i) consents to the 

  

 -4- 

 
personal jurisdiction of the state and federal courts located in the State of Texas in connection with any controversy related to this Amendment; (ii) waives
any argument that venue in any such forum is not convenient, (iii) agrees that any litigation initiated by the Lender or the Borrower in connection with this Amendment or the other Loan Documents shall be venued in either the District Court of
Collin County, Texas, or the United States District Court for the Northern District of Texas; and (iv) agrees that a final judgment in any such suit, action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. THE PARTIES WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED ON OR PERTAINING TO THIS AMENDMENT. 
  
 17. ENTIRE AGREEMENT. THIS AMENDMENT AND ALL OTHER INSTRUMENTS, DOCUMENTS AND AGREEMENTS EXECUTED AND DELIVERED IN
CONNECTION WITH THIS AMENDMENT EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT
BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO. 
  
 (Signature Page Follows) 
  

 -5- 

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

	 WELLS FARGO BUSINESS CREDIT, INC.
	 	 	 	 RF MONOLITHICS, INC.

					
	By	 	/s/    JOSEPH M. SAMMONS        	 	 	 	By	 	/s/    DAVID M. KIRK        
	 	
	 	 	 	 	

	 	 	 Joseph M. Sammons
 Vice President
	 	 	 	 	 	 David M. Kirk
 President

  

 Exhibit D to Credit and Security Agreement 
  
 Compliance Certificate 
  

		
	TO:	 	  

	 	 	 Wells Fargo Business Credit, Inc.

		
	DATE:  	 	                                     ,
20    

		
	RE:	 	 RF MONOLITHICS, INC.
 Financial Statements

  
 In accordance with our
Amended and Restated Credit and Security Agreement dated as of February 3, 2003 (as amended, the “Credit Agreement”), attached are the financial statements of RF MONOLITHICS, INC. (the “Borrower”) as of and for
                    ,              (the “Reporting Date”)
and the year-to-date period then ended (the “Current Financials”). All terms used in this certificate have the meanings given in the Credit Agreement. 
  
 I certify that the Current Financials have been prepared in accordance with GAAP, subject to year-end audit adjustments, and
fairly present the Borrower’s financial condition and the results of its operations as of the date thereof. 
  
 Events of Default. (Check one): 
  

	 	 ̈	The undersigned does not have knowledge of the occurrence of a Default or Event of Default under the Credit Agreement except as otherwise previously reported in writing to Wells
Fargo Business Credit, Inc. 

  

	 	 ̈	The undersigned has knowledge of the occurrence of a Default or Event of Default under the Credit Agreement and attached hereto is a statement of the facts with respect thereto.

  

 Financial Covenants. I further hereby certify as follows: 
  
 18. Minimum Book Net Worth. Pursuant to Section 6.16 of the Credit
Agreement, as of the Reporting Date the Borrower’s Book Net Worth was $                     which  ̈ satisfies  ̈ does not satisfy the requirement that its Book Net Worth be not
less than the amount set forth below: 
  
 (a)
From September 1, 2003 through November 30, 2003, a minimum Book Net Worth of not less than $150,000 less than the Book Net Worth as at the prior FYE; 
  
 (b) From December 1, 2003 through February 29, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE plus
$60,000; 
  
 (c) From March 1, 2004 through May
31, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE plus $350,000; and 
  
 (d) From June 1, 2004 through August 31, 2004, a minimum Book Net Worth of not less than the Book Net Worth as the prior FYE plus
$500,000. 
  
 19. Quarterly Minimum Net Income. Pursuant to
Section 6.17 of the Credit Agreement, as of the Reporting Date the Borrower’s Net Income was $                     which  ̈ satisfies  ̈ does not satisfy the requirement that
it achieve Net Income at all times as follows: (a) during the three-month fiscal period ending on November 30, 2003, a minimum Net Income of greater than <$150,000>; (b) during the six-month fiscal period ending on February 29, 2004, a minimum
Net Income of greater than $60,000; (c) during the nine-month fiscal period ending on May 31, 2004, a minimum Net Income of greater than $350,000; and (d) for the fiscal year ending August 31, 2004, a minimum Net Income of greater than $500,000.

  
 20. Monthly Minimum Net Income. Pursuant to Section
6.18 of the Credit Agreement, as of the Reporting Date the Borrower’s Net Income was $                     which  ̈ satisfies  ̈ does not satisfy the requirement that
the Borrower achieve as of the end of each month, a minimum Net Income of greater than <$200,000>. 
  
 21. Capital Expenditures. Pursuant to Section 7.10 of the Credit Agreement, for the year-to-date period ending on the Reporting Date, the Borrower
has expended or contracted to expend during the fiscal year ended                     , 20    , for Capital
Expenditures, $                     in the aggregate, of which
$                     is unfinanced, which  ̈ satisfies  ̈ does not satisfy the requirement that such expenditures not exceed the sum of $1,000,000 plus the lesser of (i) 50% of Net
Income for the current fiscal year, or (ii) 50% of Excess Cash Flow for the current fiscal year. 
  
 Attached hereto are all relevant facts in reasonable detail to evidence, and the computations of the financial covenants referred to above. These
computations were made in accordance with GAAP. 
  

	 RF MONOLITHICS, INC.

		
	By	 	 
	 	

	 Its
	 	Chief Financial Officer

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