Document:

exv10w2

 

EXHIBIT 10.2

AMENDMENT NO. 2

TO

CREDIT AGREEMENT

     THIS AMENDMENT is entered into effective as of the 25th day of June, 2004, by and between
WINLAND ELECTRONICS, INC., a Minnesota corporation (the “Borrower”) and M&I MARSHALL & ILSLEY BANK,
a banking corporation organized and existing under the laws of Wisconsin (“Bank”).

     WHEREAS, Borrower and the Bank have entered into that certain Credit and Security Agreement
dated as of June 30, 2003, as amended (the “Credit Agreement”) pursuant to which Bank has agreed to
provide a revolving credit facility and a term loan facility to Borrower on the terms and
conditions contained therein; and

     WHEREAS, Borrower and Bank desire to amend certain provisions of the Credit Agreement.

     NOW, THEREFORE, Bank and Borrower hereby agree as follows:

     1. Certain Definitions. Capitalized terms used herein and not otherwise defined shall
have the meanings set forth in the Credit Agreement.

     2. Maturity Date Change. The definition of “Maturity Date” set forth in Section 1.1
of the Credit Agreement is hereby amended by deleting the date “June 28, 2004” from said Section
and replacing the same with the date “June 28, 2005”.

     3. Miscellaneous. Except as specifically set forth herein, the Credit Agreement shall
remain in full force and effect, with no other modification or waiver. This Amendment shall be
governed by, and construed in accordance with, the laws of the State of Wisconsin. This Amendment
may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which taken together shall constitute one and the same agreement. The Borrower hereby restates and
reaffirms its obligation under the Credit Agreement to pay on demand all costs and expenses,
including (without limitation) attorneys’ fees, incurred by the Lender in connection with the
Obligations, this Amendment, the Loan Documents, and any other document or agreement related
hereto, and the transactions contemplated hereby.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to Credit Agreement to
be executed as of the day and year first written above.

	 	 	 	 	 	 	 
	M&I Marshall & Ilsley Bank	 	Winland Electronics, Inc.
	 
	 	 	 	 	 	 
	By

	 	/s/ Signature illegible
	 	By
	 	/s/ Lorin E. Krueger
	 

	 	 	 	 	 	Lorin E. Krueger
	 

	 	 	 	 	 	 
	 

	 	Its Vice President
	 	 	 	Its CEO
	 
	 	 	 	 	 	 
	By

	 	/s/ John W. Howard, Jr.	 	 	 	 
	 

	 	John W. Howard, Jr.	 	 	 	 
	 

	 	Its Senior Vice President	 	 	 	 

- 2 -exv10w3

 

EXHIBIT 10.3

AMENDMENT NO. 3

TO

CREDIT AGREEMENT

     THIS AMENDMENT is entered into effective as of the 3rd day of August, 2004, by and between
WINLAND ELECTRONICS, INC., a Minnesota corporation (the “Borrower”) and M&I MARSHALL & ILSLEY BANK,
a banking corporation organized and existing under the laws of Wisconsin (“Bank”).

     WHEREAS, Borrower and the Bank have entered into that certain Credit and Security Agreement
dated as of June 30, 2003, as amended (the “Credit Agreement”) pursuant to which Bank has agreed to
provide a revolving credit facility and a term loan facility to Borrower on the terms and
conditions contained therein; and

     WHEREAS, Borrower and Bank desire to amend certain provisions of the Credit Agreement.

     NOW, THEREFORE, Bank and Borrower hereby agree as follows:

     1. Certain Definitions. Capitalized terms used herein and not otherwise defined shall
have the meanings set forth in the Credit Agreement.

     2. Term Advance Maturity Date Change. Section 2.1A of the Credit Agreement is hereby
amended by deleting the date “July 15, 2004” from said Section and replacing the same with the date
“December 31, 2004”.

     3. Miscellaneous. Except as specifically set forth herein, the Credit Agreement shall
remain in full force and effect, with no other modification or waiver. This Amendment shall be
governed by, and construed in accordance with, the laws of the State of Wisconsin. This Amendment
may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which taken together shall constitute one and the same agreement. The Borrower hereby restates and
reaffirms its obligation under the Credit Agreement to pay on demand all costs and expenses,
including (without limitation) attorneys’ fees, incurred by the Lender in connection with the
Obligations, this Amendment, the Loan Documents, and any other document or agreement related
hereto, and the transactions contemplated hereby.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to Credit Agreement to
be executed as of the day and year first written above.

	 	 	 	 	 	 	 
	M&I Marshall & Ilsley Bank	 	Winland Electronics, Inc.
	 
	 	 	 	 	 	 
	By

	 	/s/ Doug Pudvah
	 	By
	 	/s/ Jennifer A. Thompson
	 

	 	Doug Pudvah
	 	 	 	Jennifer A. Thompson
	 

	 	Its Vice President
	 	 	 	Its Chief Financial Officer
	 
	 	 	 	 	 	 
	By

	 	/s/ John W. Howard, Jr.	 	 	 	 
	 

	 	John W. Howard	 	 	 	 
	 

	 	Its Senior Vice President	 	 	 	 

- 2 -exv10w4

 

EXHIBIT 10.4

AMENDMENT NO. 4

TO

CREDIT AGREEMENT

     THIS AMENDMENT is entered into effective as of the 23rd day of February, 2005, by and between
WINLAND ELECTRONICS, INC., a Minnesota corporation (the “Borrower”) and M&I MARSHALL & ILSLEY BANK,
a banking corporation organized and existing under the laws of Wisconsin (“Bank”).

     WHEREAS, Borrower and the Bank have entered into that certain Credit and Security Agreement
dated as of June 30, 2003, as amended (the “Credit Agreement”) pursuant to which Bank has agreed to
provide a revolving credit facility and a term loan facility to Borrower on the terms and
conditions contained therein; and

     WHEREAS, Borrower and Bank desire to amend certain provisions of the Credit Agreement.

     NOW, THEREFORE, Bank and Borrower hereby agree as follows:

     1. Certain Definitions. Capitalized terms used herein and not otherwise defined shall
have the meanings set forth in the Credit Agreement.

     2. Term Advance Maturity Date Change. Section 2.1A of the Credit Agreement is hereby
amended by deleting the date “December 31, 2004” from said Section and replacing the same with the
date “March 31, 2005”.

     3. Miscellaneous. Except as specifically set forth herein, the Credit Agreement shall
remain in full force and effect, with no other modification or waiver. This Amendment shall be
governed by, and construed in accordance with, the laws of the State of Wisconsin. This Amendment
may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which taken together shall constitute one and the same agreement. The Borrower hereby restates and
reaffirms its obligation under the Credit Agreement to pay on demand all costs and expenses,
including (without limitation) attorneys’ fees, incurred by the Lender in connection with the
Obligations, this Amendment, the Loan Documents, and any other document or agreement related
hereto, and the transactions contemplated hereby.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 4 to Credit Agreement to
be executed as of the day and year first written above.

	 	 	 	 	 	 	 
	M&I Marshall & Ilsley Bank	 	Winland Electronics, Inc.
	 
	 	 	 	 	 	 
	By

	 	/s/ Doug Pudvah
	 	By
	 	/s/ Jennifer A. Thompson
	 

	 	     Doug Pudvah
	 	 	 	     Jennifer A. Thompson
	 

	 	     Its Vice President
	 	 	 	     Its Chief Financial Officer
	 
	 	 	 	 	 	 
	By

	 	/s/ John W. Howard, Jr.	 	 	 	 
	 

	 	     John W. Howard	 	 	 	 
	 

	 	     Its Senior Vice President	 	 	 	 

- 2 -exv10w5

 

EXHIBIT 10.5

AMENDMENT NO. 5

TO

CREDIT AGREEMENT

     THIS AMENDMENT is entered into effective as of the 4th day of April, 2005, by and between
WINLAND ELECTRONICS, INC., a Minnesota corporation (the “Borrower”) and M&I MARSHALL & ILSLEY BANK,
a banking corporation organized and existing under the laws of Wisconsin (“Bank”).

     WHEREAS, Borrower and the Bank have entered into that certain Credit and Security Agreement
dated as of June 30, 2003, as amended (the “Credit Agreement”) pursuant to which Bank has agreed to
provide a revolving credit facility and a term loan facility to Borrower on the terms and
conditions contained therein; and

     WHEREAS, Borrower and Bank desire to amend certain provisions of the Credit Agreement.

     NOW, THEREFORE, Bank and Borrower hereby agree as follows:

     1. Certain Definitions. Capitalized terms used herein and not otherwise defined shall
have the meanings set forth in the Credit Agreement.

     2. Term Advance Maturity Date Change. Section 2.1A of the Credit Agreement is hereby
amended by deleting the date “March 31, 2005” from said Section and replacing the same with the
date “May 31, 2005”.

     3. Miscellaneous. Except as specifically set forth herein, the Credit Agreement shall
remain in full force and effect, with no other modification or waiver. This Amendment shall be
governed by, and construed in accordance with, the laws of the State of Wisconsin. This Amendment
may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which taken together shall constitute one and the same agreement. The Borrower hereby restates and
reaffirms its obligation under the Credit Agreement to pay on demand all costs and expenses,
including (without limitation) attorneys’ fees, incurred by the Lender in connection with the
Obligations, this Amendment, the Loan Documents, and any other document or agreement related
hereto, and the transactions contemplated hereby.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 5 to Credit Agreement to
be executed as of the day and year first written above.

	 	 	 	 	 	 	 
	M&I Marshall & Ilsley Bank	 	Winland Electronics, Inc.
	 
	 	 	 	 	 	 
	By

	 	/s/ Doug Pudvah
	 	By
	 	/s/ Jennifer A. Thompson
	 

	 	     Doug Pudvah
	 	 	 	     Jennifer A. Thompson
	 

	 	     Its Vice President
	 	 	 	     Its Chief Financial Officer
	 
	 	 	 	 	 	 
	By

	 	/s/ John W. Howard, Jr.	 	 	 	 
	 

	 	     John W. Howard	 	 	 	 
	 

	 	     Its Senior Vice President	 	 	 	 

- 2 -

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