Document:

Letter Amendment and Waiver

 EXHIBIT 10.27a 
 LETTER AMENDMENT AND WAIVER 
 Dated as of November 21, 2006 
 To the banks, financial institutions 
       and other institutional lenders 
       (collectively, the
“Lenders”) 
       parties to the Credit Agreement 
       referred to below and to Citicorp 
       USA, Inc., as administrative agent, 
       (the “Agent”) for the
Lenders 
 Ladies and Gentlemen: 
 We refer to
the Five Year Credit Agreement dated as of May 11, 2005 (the “Credit Agreement”) among Jabil Circuit, Inc. (the “Borrower”), the Agent and the other parties thereto. Capitalized terms not otherwise defined in
this Letter Amendment and Waiver (this “Letter Amendment”) have the same meanings as specified in the Credit Agreement. 
 1.
Amendment to Credit Agreement. It is hereby agreed by you and us that Section 5.02(d) of the Credit Agreement is, effective as of the date of this Letter Amendment, hereby amended as follows: 
 (a) Subsection(v) is amended in full to read as follows: 
 (v) Debt incurred or assumed or acquired by Subsidiaries of the Company organized under the laws of any country other than the United
States of America or a State thereof aggregating for all such Subsidiaries of not more than the sum of $200,000,000 plus an amount, not to exceed $450,000,000, incurred by any Taiwanese Subsidiary of the Company in connection with the acquisition of
Taiwan Green Point Enterprises Limited. 
 (b) Subsection (x) is amended by adding to the end thereof the word
“and”. 
 (c) A new subsection (xi) is added immediately after Subsection (x) to read as follows:

 (xi) Debt of a Person at the time such Person is merged into or consolidated with any Subsidiary of the Company or becomes
a Subsidiary of the Company; provided that such Debt was not created in contemplation of such merger, consolidation or acquisition. 
 2. Waiver. We hereby request that you waive, subject to the provisions hereof, solely for the period commencing on the date hereof through February 2, 2007 (the “Extended Delivery Date”), the requirements of
Section 5.01(i)(i) and (ii) of the Credit Agreement. 
 On the Extended Delivery Date, if the Borrower shall not have delivered the
information required to be delivered pursuant to Section 5.01(i)(i) and (ii) of the Credit Agreement in respect of the fiscal quarter ended November 31, 2006 and the fiscal year ended August 31, 2006, respectively, the 

 
waiver contained herein shall terminate without any further action by the Agent and the Lenders, it shall be an Event of Default under Section 6.01(c)
and the Agent and the Lenders shall have all of the rights and remedies afforded to them under the Credit Agreement and the Notes with respect to any such Event of Default, as though no waiver had been granted by them hereunder. 
 3. Effectiveness, Etc. This Letter Amendment shall become effective as of the date first above written when, and only when, the Agent shall have
received counterparts of this Letter Amendment executed by the undersigned and the Required Lenders or, as to any of the Lenders, advice satisfactory to the Agent that such Lender has executed this Letter Amendment. This Letter Amendment is subject
to the provisions of Section 9.01 of the Credit Agreement. 
 On and after the effectiveness of this Letter Amendment, each reference in
the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes to “the Credit Agreement”, “thereunder”,
“thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Letter Amendment. 
 The Credit Agreement and the Notes, as specifically amended by this Letter Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. The execution,
delivery and effectiveness of this Letter Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under the Credit Agreement, nor constitute a waiver of any provision of
the Credit Agreement. 
 If you agree to the terms and provisions hereof, please evidence such agreement by executing and returning at least
two counterparts of this Letter Amendment to Susan L. Hobart, Shearman & Sterling LLP, 599 Lexington Avenue, New York, New York 10022. 
 This Letter Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute
one and the same agreement. Delivery of an executed counterpart of a signature page to this Letter Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Letter Amendment. 
 This Letter Amendment shall be governed by, and construed in accordance with, the laws of the State of New York. 
  

			
	
	Very truly yours,
	
	JABIL CIRCUIT, INC.
		
	By	 	 Sergio Cadvid

	Title:	 	Treasurer

  

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 Agreed as of the date first above written: 
  

			
	CITICORP USA, INC.,
	as Agent and as a Lender
		
	By	 	 /s/ Julio Ojea Quintana

	Title:	 	Director

  

			
	JPMORGAN CHASE BANK, N.A.
		
	By	 	 /s/ Brian McDougal

	Title:	 	Vice President

  

			
	ABN AMRO BANK N.V.
		
	By	 	 /s/Frances O’R. Logan

	Title:	 	Managing Director
		
	By	 	 /s/ Chris Lo

	Title:	 	Assistant Vice President

  

			
	THE ROYAL BANK OF SCOTLAND PLC
		
	By	 	 /s/ Eddie Dec

	Title:	 	Senior Vice President

  

			
	SUNTRUST BANK
		
	By	 	 /s/ Andrew S. Lee

	Title:	 	Vice President

  

			
	BNP PARIBAS
		
	By	 	 /s/ Mathew Harvey

	Title:	 	Managing Director
		
	By	 	 /s/ Stuart Darby

	Title:	 	Vice President

  

			
	ROYAL BANK OF CANADA
		
	By	 	 /s/ Suzanne Kaicher

	Title:	 	Attorney-in-Fact

  

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	 BANK OF AMERICA, N.A.

		
	 By
	 	 /s/ Sugeet Manchanda Madan

	 Title:
	 	 Senior Vice President

  

			
	MIZUHO CORPORATE BANK, LTD.
		
	By	 	 /s/ Bertram Tang

	Title:	 	Senior Vice President & Team Leader

  

			
	U.S. BANK, NATIONAL ASSOCIATION
		
	By	 	 /s/ Frances W. Josephic

	Title:	 	Vice President

  

			
	COMERICA BANK
		
	By	 	 /s/ Gerald R. Finney, Jr.

	Title:	 	Vice President

  

			
	CREDIT SUISSE, acting through its Cayman Islands Branch
		
	By	 	 /s/ Thomas R. Cantello

	Title:	 	Vice President
		
	By	 	 /s/ Denise L. Alvarez

	Title:	 	Associate

  

			
	UBS LOAN FINANCE LLC
		
	By	 	 /s/ Richard L. Tavrow

	Title:	 	Director
		
	By	 	 /s/ Irja R. Otsa

	Title:	 	Associate Director

  

			
	HSBC BANK USA, N.A.
		
	By	 	 /s/ Deborah Allen

	Title:	 	Senior Vice President

  

			
	WELLS FARGO BANK, N.A.
		
	By	 	 /s/ Kevin R. Leer

	Title:	 	Vice President

  

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	SUMITOMO MITSUI BANKING CORPORATION
		
	By	 	 /s/ Shigeru Tsuru

	Title:	 	Joint General Manager

  

 5Letter Amendment and Waiver

 EXHIBIT 10.27b 
 LETTER AMENDMENT AND WAIVER 
 Dated as of January 11, 2007 
 To the banks, financial institutions 
       and other institutional lenders 
       (collectively, the
“Lenders”) 
       parties to the Credit Agreement 
       referred to below and to Citicorp 
       USA, Inc., as administrative agent, 
       (the “Agent”) for the
Lenders 
 Ladies and Gentlemen: 
 We refer to
the Five Year Credit Agreement dated as of May 11, 2005, as amended by the Letter Amendment and Waiver dated as of November 21, 2006 (the “Credit Agreement”) among Jabil Circuit, Inc. (the “Company”), the
Agent and the other parties thereto. Capitalized terms not otherwise defined in this Letter Amendment and Waiver (this “Letter Amendment”) have the same meanings as specified in the Credit Agreement. 
 1. Amendments to Credit Agreement. It is hereby agreed by you and us that the Credit Agreement is, effective as of the date of this Letter
Amendment, hereby amended as follows: 
 (a) The definition of EBITDA in Section 1.01 is hereby amended in full to read as follows:

 “EBITDA” means, for any period, net income (or net loss) plus the sum of (a) interest expense,
(b) income tax expense, (c) depreciation expense, (d) amortization expense, (e) to the extent included in net income, non-cash, non-recurring charges, (f) to the extent included in net income, non-cash, recurring charges
related to equity compensation and (g) to the extent included in net income, loss on sale of accounts receivable pursuant to any receivables securitization program of the Company or any of its Subsidiaries, in each case determined in accordance
with GAAP for such period; provided, that for purposes of calculating EBITDA for the Company and its Subsidiaries for any period, the EBITDA of any Person (or assets or division of such Person) acquired by the Company or any of its
Subsidiaries during such period shall be included on a pro forma basis for such period (assuming the consummation of such acquisition occurred on the first day of such period). 
 (b) Section 5.03(a) is amended in full to read as follows: 
 (a) Debt to EBITDA Ratio. Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt as of such date to
(ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters ended on such date, of not greater than the ratio set forth below for such fiscal quarter: 
  

			
	 Fiscal Quarter Ended
	  	Ratio
	 February 28, 2007
	  	4.00 to 1.0
	 May 31, 2007
	  	3.75 to 1.0
	 August 31, 2007 and thereafter
	  	3.50 to 1.0

 (c) Section 5.03(b) is amended in full to read as follows: 
 (b) Interest Coverage Ratio. Maintain, as of the end of each fiscal quarter, a ratio of (i) Consolidated EBITDA of the Company
and its Consolidated Subsidiaries for the period of four fiscal quarters then ended to (ii) interest payable on, and amortization of debt discount in respect of, all Debt and loss on sale of accounts receivable pursuant to any receivables
securitization program of the Company or any of its Subsidiaries (collectively, “Interest Expense”) during such period by the Company and its Consolidated Subsidiaries, of not less than 3.0 to 1.0; provided, that for purposes
of calculating Interest Expense for the Company and its Subsidiaries for any period, the Interest Expense of any Person (or assets or division of such Person) acquired by the Company or any of its Subsidiaries during such period shall be included on
a pro forma basis for such period (assuming the consummation of such acquisition occurred on the first day of such period). 
 2.
Waivers. (a) We hereby request that you waive, subject to the provisions hereof, solely for the period commencing on the date hereof through the earlier of (x) May 3, 2007 and (y) the date that is 45 days after we receive
a notice of default under the Indenture dated as of July 21, 2003 (the “Indenture”), between the Company and The Bank of New York, as Trustee, by registered or certified mail from the trustee or by the holders of 25% of the
principal amount of the securities outstanding thereunder (the “Waiver Termination Date”), the requirements of Section 5.01(i)(i) and (ii) of the Credit Agreement. 
 (b) We hereby further request that you waive, subject to the provisions hereof, solely for the period commencing on December 14, 2006 through the
Waiver Termination Date, (i) any Default under Section 6.01(d) of the Credit Agreement resulting from the failure of the Company to comply with Sections 7.4 (reporting requirements) and 10.11(1) (requirement to deliver an annual compliance
certificate) of the Indenture, (ii) the requirements of Section 5.01(i)(iii) of the Credit Agreement as they relate to the giving of notice of the matters described herein and (iii) any Default under Section 6.01(d) of the Credit
Agreement resulting from noncompliance with the requirements of any similar notice provisions of (x) the Bridge Credit Agreement dated as of December 21, 2006 among the Company, the lenders parties thereto and Citicorp North America, Inc,
as administrative agent, (y) the Indenture and (z) the Receivables Purchase Agreement and the Receivables Sale Agreement, each dated as of February 25, 2004 among the Company and the other parties thereto. 
 (c) On the Waiver Termination Date, if the Company shall not have delivered the information required to be delivered pursuant to Section 5.01(i)(i)
and (ii) of the Credit Agreement in respect of the fiscal year ended August 31, 2006 and fiscal quarters ended November 31, 2006 and February 28, 2007 (but only if then required to be delivered), respectively, the waiver
contained herein shall terminate without any further action by the Agent and the Lenders, it shall be an Event of Default under Section 6.01(c) or (d) of the Credit Agreement, as applicable, and the Agent and the Lenders shall have all of
the rights and remedies afforded to them under the Credit Agreement and the Notes with respect to any such Event of Default, as though no waiver had been granted by them hereunder. 
 3. Effectiveness, Etc. This Letter Amendment shall become effective as of the date first above written when, and only when, the Agent shall have
received counterparts of this Letter Amendment executed by the undersigned and the Required Lenders or, as to any of the Lenders, advice satisfactory to 

  

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the Agent that such Lender has executed this Letter Amendment. This Letter Amendment is subject to the provisions of Section 9.01 of the Credit
Agreement. 
 On and after the effectiveness of this Letter Amendment, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring
to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Letter Amendment. 
 The Credit Agreement
and the Notes, as specifically amended by this Letter Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. The execution, delivery and effectiveness of this Letter Amendment shall
not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement. 
 If you agree to the terms and provisions hereof, please evidence such agreement by executing and returning at least two counterparts of this Letter
Amendment to Susan L. Hobart, Shearman & Sterling LLP, 599 Lexington Avenue, New York, New York 10022. 
 This Letter Amendment may
be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page to this Letter Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Letter Amendment. 
 This Letter Amendment shall be governed by, and construed in accordance with, the laws of the State of New York. 
  

			
	Very truly yours,
	
	JABIL CIRCUIT, INC.
		
	By	 	 /s/ Sergio Cadvid

	Title:	 	Treasurer
		 	Executed on January 11, 2007

 Agreed as of the date first above written: 
  

			
	 CITICORP USA, INC.,
 as Agent and as a
Lender

		
	By	 	 /s/ Julio Ojea-Quintana

	Title:	 	Managing Director
	
	Executed on January 11, 2007

  

 3 

			
	JPMORGAN CHASE BANK, N.A.
		
	By	 	 /s/ Brian McDougal

	Title:	 	Vice President
	
	Executed on January 11, 2007
	
	ABN AMRO BANK N.V.
		
	By	 	 /s/ Frances O’R. Logan

	Title:	 	Managing Director
		
	By	 	 /s/ John Jankoush

	Title:	 	Assistant Vice President
	
	Executed on January 18, 2007
	
	THE ROYAL BANK OF SCOTLAND PLC
		
	By	 	 /s/ Eddie Dec

	Title:	 	Senior Vice President
	
	Executed on January 18, 2007
	
	SUNTRUST BANK
		
	By	 	 /s/ Andrew S. Lee

	Title:	 	Vice President
	
	Executed on January     , 2007
	
	BNP PARIBAS
		
	By	 	 /s/ William Davidson

	Title:	 	Director
		
	By	 	 /s/ Todd Rodgers

	Title:	 	Vice President
	
	Executed on January 18, 2007
	
	ROYAL BANK OF CANADA
		
	By	 	 /s/ Mark S. Gronich

	Title:	 	Authorized Signatory
	
	Executed on January 19, 2007

  

 4 

			
	BANK OF AMERICA, N.A.
		
	By	 	 /s/ Sugeet Manchanda Madan

	Title:	 	Senior Vice President
	
	Executed on January 18, 2007
	
	MIZUHO CORPORATE BANK, LTD.
		
	By	 	 /s/

	Title:	 	Deputy General Manager
	
	Executed on January 18, 2007
	
	U.S. BANK, NATIONAL ASSOCIATION
		
	By	 	 /s/

	Title:	 	
	
	Executed on January     , 2007
	
	COMERICA BANK
		
	By	 	 /s/ Gerald R. Finney, Jr.

	Title:	 	Vice President
	
	Executed on January 19, 2007
	
	 CREDIT SUISSE, CAYMAN ISLANDS BRANCH
 (formerly known as Credit Suisse, acting through its Cayman Islands Branch)

		
	By	 	 /s/ Alan Dresner

	Title:	 	Director
		
	By	 	 /s/ Laurence Lapeyre

	Title:	 	Associate
	
	Executed on January 19, 2007
	
	UBS LOAN FINANCE LLC
		
	By	 	 /s/ Richard L. Tavrow

	Title:	 	Director
		
	By	 	 /s/ Irja R. Otsa

	Title:	 	Associate Director
	
	Executed on January     , 2007

  

 5 

			
	HSBC BANK USA, N.A.
		
	By	 	 /s/ Deborah Allen

	Title:	 	Senior Vice President
	
	Executed on January 17, 2007
	
	WELLS FARGO BANK, N.A.
		
	By	 	 /s/ Kevin Combs

	Title:	 	Vice President
	
	Executed on January 19, 2007
	
	SUMITOMO MITSUI BANKING
CORPORATION
		
	By	 	 /s/ Leo E. Pagarigan

	Title:	 	Joint General Manager
	
	Executed on January 18, 2007

  

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