Document:

EX-4.3 2009 EQUITY INCENTIVE PLAN

Exhibit 4.3

WRIGHT MEDICAL GROUP, INC.

2009 EQUITY INCENTIVE PLAN

     1. Purpose.

          (a) The purpose of the Plan is to provide a means through which the Company may attract able
persons to become and remain directors of the Company or any Related Entity and enter and remain in
the employ of the Company or any Related Entity and to provide a means whereby employees, directors
and consultants of the Company and any Related Entity can acquire and maintain Stock ownership, or
be paid incentive compensation measured by reference to the value of Stock, thereby strengthening
their commitment to the welfare of the Company and promoting an identity of interest between
stockholders and these employees, directors and consultants.

          (b) So that the appropriate incentive can be provided, the Plan provides for granting
Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock,
Restricted Stock Units, Performance Share Units and Stock Bonus, or any combination of the
foregoing.

     2. Definitions. The following definitions shall be applicable throughout the Plan:

          (a) “Award” means, individually or collectively, any Incentive Stock Option, Nonqualified
Stock Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance Share
Unit or Stock Bonus granted under the Plan.

          (b) “Award Period” means a period of time within which performance is measured for the purpose
of determining whether a Performance Share Unit has been earned.

          (c) “Board” means the Board of Directors of the Company.

          (d) “Cause” means the Company or a Related Entity having cause to terminate a Participant’s
employment or service in accordance with the provisions of any existing employment, consulting or
any other agreement between the Participant and the Company or a Related Entity or, in the absence
of such an employment, consulting or other agreement, upon (i) the determination by the Committee
that the Participant has ceased to perform the Participant’s duties to the Company or a Related
Entity (other than as a result of the Participant’s incapacity due to physical or mental illness or
injury), which failure amounts to intentional and extended neglect of the Participant’s duties,
(ii) the Committee’s determination that the Participant has engaged or is about to engage in
conduct injurious to the Company or a Related Entity, or (iii) the Participant having plead no
contest to a charge of a felony or having been convicted of a felony.

          (e) “Code” means the Internal Revenue Code of 1986, as amended. Reference in the Plan to any
section of the Code shall be deemed to include any amendments or successor provisions to such
section and any regulations under such section.

          (f) “Committee” means the full Board, the Compensation Committee of the Board or such other
committee as the Board may appoint to administer the Plan.

          (g) “Common Stock” means the common stock, par value $0.01 per share, of the Company.

          (h) “Company” means Wright Medical Group, Inc., a Delaware corporation, and any successor
thereto.

          (i) “Date of Grant” means the date on which the granting of an Award is authorized, or such
other date as may be specified in such authorization.

 

 

          (j) “Disability” means the complete and permanent inability by reason of illness or accident
to perform the duties of the occupation at which a Participant was employed or served when such
disability commenced or, if the Participant was retired when such disability commenced, the
inability to engage in any substantial gainful activity, in either case as determined by the
Committee based upon medical evidence acceptable to it.

          (k) “Eligible Person” means any (i) person regularly employed by the Company or any Related
Entity; provided, however, that no such employee covered by a collective bargaining agreement shall
be an Eligible Person unless and to the extent that such eligibility is set forth in such
collective bargaining agreement or in an agreement or instrument relating thereto; (ii) director of
the Company or any Related Entity; or (iii) consultant to the Company or any Related Entity.

          (l) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (m) “Fair Market Value” on a given date means (i) if the Stock is listed on a national
securities exchange, the closing price of a share of Stock reported as having occurred on the
primary exchange with which the Stock is listed and traded on the date prior to such date, or, if
there is no such sale on that date, then on the last preceding date on which such a sale was
reported; (ii) if the Stock is not listed on any national securities exchange but is quoted on an
automated quotation system, the closing price of a share of Stock reported on the date prior to
such date, or, if there is no such sale on that date, then on the last preceding date on which a
sale was reported; or (iii) if the Stock is not listed on a national securities exchange nor quoted
on an automated quotation system, the amount determined pursuant to one of the methods set forth in
Treas. Reg. § 1.409A-1(b)(5)(iv)(B)(2), as elected by the Committee.

          (n) “Full Value Award” means any Award, other than Options or Stock Appreciation Rights, which
is settled by the issuance of Common Stock.

          (o) “Holder” means a Participant who has been granted an Award.

          (p) “Incentive Stock Option” means an Option granted by the Committee to a Participant under
the Plan which is designated by the Committee as an Incentive Stock Option pursuant to Section 422
of the Code.

          (q) “Non-Employee Director” means a “non-employee director” within the meaning of Rule 16b-3
of the Exchange Act or any successor rule or regulation.

          (r) “Nonqualified Stock Option” means an Option granted under the Plan which is not designated
as an Incentive Stock Option.

          (s) “Normal Termination” means termination of status as an Eligible Person:

               (i) upon retirement pursuant to the retirement plan of the Company or any Related Entity, as
may be applicable at the time to the Participant in question;

               (ii) on account of Disability;

               (iii) with the written approval of the Committee;

               (iv) voluntary on the part of the Participant; or

               (v) by the Company or any Related Entity without Cause.

          (t) “Option” means an Award granted under Section 7 of the Plan.

 

 

          (u) “Option Period” means the period described in Section 7(c).

          (v) “Option Price” means the exercise price set for an Option described in Section 7(a).

          (w) “Participant” means an Eligible Person who has been selected by the Committee to
participate in the Plan and to receive an Award.

          (x) “Performance Goals” means the performance objectives of the Company or a Related Entity
during an Award Period or Restricted Period established for the purpose of determining whether, and
to what extent, Awards will be earned for an Award Period or Restricted Period.

          (y) “Performance Share Unit” means a hypothetical investment equal to one share of Stock
granted in connection with an Award made under Section 9 of the Plan.

          (z) “Plan” means the Wright Medical Group, Inc. 2009 Equity Incentive Plan, as may be amended
and/or restated from time to time.

          (aa) “Qualified Committee” means a committee composed of at least two Qualified Directors.

          (bb) “Qualified Director” means a person who is (i) an Non-Employee Director and (ii) an
“outside director” within the meaning of Section 162(m) of the Code.

          (cc) “Related Entity” means, when referring to a subsidiary, any business entity (other than
the Company) which, at the time of the granting of an Award, is in an unbroken chain of entities
ending with the Company, if stock or voting interests possessing 50% or more of the total combined
voting power of all classes of stock or other ownership interests of each of the entities other
than the Company is owned by one of the other entities in such chain and, when referring to a
parent entity, the term “Related Entity” shall mean any entity in an unbroken chain of entities
ending with the Company if, at the time of the granting of the Award, each of the entities other
than the Company owns stock or other ownership interests possessing 50% or more of the total
combined voting power of all classes of stock (or other ownership interests) in one of the other
entities in such chain. In addition, with respect to an Incentive Stock Option, the definition of
“Related Entity” as used in this Plan shall apply by only considering entities that are
corporations.

          (dd) “Restricted Period” means, with respect to any share of Restricted Stock or any
Restricted Stock Unit, the period of time determined by the Committee during which such Award is
subject to the restrictions set forth in Section 10.

          (ee) “Restricted Stock” means an Award of Restricted Stock granted under Section 10 of the
Plan.

          (ff) “Restricted Stock Unit” means a hypothetical investment equal to one share of Stock
granted in connection with an Award made under Section 10 of the Plan.

          (gg) “Securities Act” means the Securities Act of 1933, as amended.

          (hh) “Stock” means the Common Stock or such other authorized shares of stock of the Company as
from time to time may be authorized for use under the Plan.

          (ii) “Stock Appreciation Right” or “SAR” means an Award granted under Section 8 of the Plan.

          (jj) “Stock Bonus” means an Award granted under Section 11 of the Plan.

 

 

          (kk) “Stock Option Agreement” means the agreement between the Company and a Participant who
has been granted an Option pursuant to Section 7 which defines the rights and obligations of the
parties as required in Section 7(d).

          (ll) “Vested Unit” shall have the meaning ascribed thereto in Section 10(e).

     3. Effective Date, Duration and Shareholder Approval. The Plan shall be effective as
of May 13, 2009. The effectiveness of the Plan and the validity of any and all Awards granted
hereunder is contingent upon approval of the Plan by the stockholders of the Company in a manner
which complies with (i) Section 422(b)(1) and, to the extent provided in Section 16 herein, Section
162(m) of the Code and (ii) if listed, the requirements of the national securities exchange with
which the Stock is listed. Unless and until the stockholders approve the Plan in compliance with
the applicable requirements, no Award granted hereunder shall be effective. The expiration date of
the Plan, after which no Awards may be granted hereunder, shall be May 13, 2019; provided, however,
that the administration of the Plan shall continue in effect until all matters relating to the
payment of Awards previously granted have been settled.

     4. Administration. The Plan shall be administered by the full Board or the Committee,
provided that the Committee shall be composed of at least two persons, each member of which, at the
time he takes any action with respect to an Award under the Plan, shall be a Non-Employee Director;
and further provided, that to the extent that the Company determines that an Award is intended to
comply with Section 162(m) of the Code, the Plan shall be administered by a Qualified Committee.
The majority of the members of the Committee shall constitute a quorum. The acts of a majority of
the members present at any meeting at which a quorum is present or acts approved in writing by a
majority of the Committee shall be deemed the acts of the Committee. Subject to the provisions of
the Plan, the Committee shall have exclusive power to:

          (a) select the Eligible Persons to participate in the Plan;

          (b) determine the nature and extent of the Awards to be made to each Participant;

          (c) determine the time or times when Awards will be made to Participants;

          (d) determine the duration of each Award Period and Restricted Period;

          (e) determine the conditions to which the payment of Awards may be subject;

          (f) establish the Performance Goals for each Award Period;

          (g) prescribe the form of Stock Option Agreement or other form or forms evidencing Awards; and

          (h) cause records to be established in which there shall be entered, from time to time as
Awards are made to Participants, the date of each Award, the number of Incentive Stock Options,
Nonqualified Stock Options, SARs, Restricted Stock Units, Performance Share Units, shares of
Restricted Stock and Stock Bonuses awarded by the Committee to each Participant, the expiration
date, the Award Period and the duration of any applicable Restricted Period.

The Committee shall have the authority, subject to the provisions of the Plan, to establish, adopt,
or revise such rules and regulations and to make all such determinations relating to the Plan as it
may deem necessary or advisable for the administration of the Plan. The Committee’s interpretation
of the Plan or any documents evidencing Awards granted pursuant thereto and all decisions and
determinations by the Committee with respect to the Plan shall be final, binding, and conclusive on
all parties unless otherwise determined by the Board.

 

 

     5. Grant of Awards; Shares Subject to the Plan. The Committee may, from time to time,
grant Awards of Options, Stock Appreciation Rights, Restricted Stock Units, Performance Share
Units, shares of Restricted Stock, Stock Bonuses to one or more Eligible Persons; provided,
however, that:

          (a) Subject to Section 13, the aggregate number of shares of Stock which may be made subject
to all Awards shall be equal to the sum of (i) 750,000 shares of Common Stock plus (ii) the number
of shares of Stock granted under the Company’s Fifth Amended and Restated 1999 Equity Incentive
Plan, as amended, that are not exercised or are forfeited, lapse or expire, or otherwise terminate
without delivery of any Stock subject thereto, to the extent such Stock would otherwise again have
been available for issuance under such Fifth Amended and Restated 1999 Equity Incentive Plan, as
amended. The number of Full Value Awards may not exceed the sum of (i) 750,000 shares of Common
Stock plus (ii) the number of shares of Full Value Awards permitted under the Company’s Fifth
Amended and Restated 1999 Equity Incentive Plan, as amended, that have not been granted to an
Eligible Person, to the extent such Stock would otherwise again have been available for issuance
under such Fifth Amended and Restated 1999 Equity Incentive Plan. Any and all shares of Stock that
may be made subject to Awards are authorized to be issued pursuant to Incentive Stock Options;

          (b) Such shares shall be deemed to have been used in payment of Awards whether they are
actually delivered or the Fair Market Value equivalent of such shares is paid in cash. In the
event any Option, SAR not attached to an Option, Restricted Stock, Restricted Stock Unit or
Performance Share Unit shall be surrendered, terminate, expire, or be forfeited, the number of
shares of Stock no longer subject thereto shall thereupon be released and shall thereafter be
available for new Awards under the Plan;

          (c) Stock delivered by the Company in settlement of Awards under the Plan may be authorized
and unissued Stock or Stock held in the treasury of the Company or may be purchased on the open
market or by private purchase; and

          (d) The Committee may, in its sole discretion, require a Participant to pay consideration for
an Award in an amount and in a manner as the Committee deems appropriate.

     6. Eligibility. Participation shall be limited to Eligible Persons who have received
written notification from the Committee, or from a person designated by the Committee, that they
have been selected to participate in the Plan.

     7. Discretionary Grant of Stock Options. The Committee is authorized to grant one or
more Incentive Stock Options or Nonqualified Stock Options to any Eligible Person; provided,
however, that no Incentive Stock Options shall be granted to any Eligible Person who is not an
employee of the Company or a Related Entity. Each Option granted shall be subject to the following
conditions, or to such other conditions as may be reflected in the applicable Stock Option
Agreement:

          (a) Option Price. The exercise price (“Option Price”) per share of Stock for each
Option shall be set by the Committee at the time of grant; provided, however, that no Option shall
be granted with a per share exercise price that is less than the Fair Market Value of a share of
Stock at the Date of Grant.

          (b) Manner of Exercise and Form of Payment. Options which have become exercisable may
be exercised by delivery of written notice of exercise to the Committee accompanied by payment of
the Option Price. The Option Price shall be payable in cash and/or shares of Stock valued at the
Fair Market Value on the date the Option is exercised or, in the discretion of the Committee,
either (i) in other property having a fair market value on the date of exercise equal to the Option
Price, or (ii) by delivering to the Committee a copy of irrevocable instructions to a stockbroker
to deliver promptly to the Company an amount of sale or loan proceeds sufficient to pay the Option
Price.

          (c) Option Period and Expiration. Options shall vest and become exercisable in such
manner and on such date or dates determined by the Committee and shall expire after such period,
not to exceed ten years

 

 

from the Date of Grant, as may be determined by the Committee (the “Option Period”), provided,
however, that notwithstanding any vesting dates set by the Committee, the Committee may in its sole
discretion accelerate the exercisability of any Option, which acceleration shall not affect the
terms and conditions of any such Option other than with respect to exercisability. If an Option is
exercisable in installments, such installments or portions thereof which become exercisable shall
remain exercisable until the Option expires.

     Unless otherwise stated in the applicable Option Agreement, the Option shall expire earlier
than the end of the Option Period in the following circumstances:

               (i) If prior to the end of the Option Period, the Holder shall undergo a Normal Termination,
the Option shall expire on the earlier of the last day of the Option Period or the date that is
thirty days after the date of such Normal Termination. In such event, the Option shall remain
exercisable by the Holder until its expiration, only to the extent the Option was exercisable at
the time of such Normal Termination.

               (ii) If the Holder dies prior to the end of the Option Period and while still in the employ or
service of the Company or any Related Entity or within thirty days of Normal Termination, the
Option shall expire on the earlier of the last day of the Option Period or the date that is thirty
days after the date of death of the Holder. In such event, the Option shall remain exercisable by
the person or persons to whom the Holder’s rights under the Option pass by will or the applicable
laws of descent and distribution until its expiration, only to the extent the Option was
exercisable by the Holder at the time of death.

               (iii) If the Holder ceases to be Eligible Person for reasons other than Normal Termination or
death, the Option shall expire immediately upon such cessation of the Holder’s status as an
Eligible Person.

          (d) Stock Option Agreement — Other Terms and Conditions. Each Option granted under
the Plan shall be evidenced by a Stock Option Agreement, which shall contain such provisions as may
be determined by the Committee and, except as may be specifically stated otherwise in such Stock
Option Agreement, which shall be subject to the following terms and conditions:

               (i) Each Option issued pursuant to this Section 7 or portion thereof that is exercisable shall
be exercisable for the full amount or for any part thereof.

               (ii) Each share of Stock purchased through the exercise of an Option issued pursuant to this
Section 7 shall be paid for in full at the time of the exercise. Each Option shall cease to be
exercisable, as to any share of Stock, when the Holder purchases the share or exercises a related
SAR or when the Option expires.

               (iii) Subject to Section 12(k), Options issued pursuant to this Section 7 shall not be
transferable by the Holder except by will or the laws of descent and distribution and shall be
exercisable during the Holder’s lifetime only by such Holder.

               (iv) Each Option issued pursuant to this Section 7 shall vest and become exercisable by the
Holder in accordance with the vesting schedule established by the Committee and set forth in the
Stock Option Agreement.

               (v) Each Stock Option Agreement may contain a provision that, upon demand by the Committee for
such a representation, the Holder shall deliver to the Committee at the time of any exercise of an
Option issued pursuant to this Section 7 a written representation that the shares to be acquired
upon such exercise are to be acquired for investment and not for resale or with a view to the
distribution thereof. Upon such demand, delivery of such representation prior to the delivery of
any shares issued upon exercise of an Option issued pursuant to this Section 7 shall be a condition
precedent to the right of the Holder or such other person to purchase any shares. In the event
certificates for Stock are delivered under the Plan with respect to which such investment
representation has been obtained, the Committee may cause a legend or legends to be placed on such
certificates

 

 

to make appropriate reference to such representation and to restrict transfer in the absence
of compliance with applicable federal or state securities laws.

               (vi) Each Incentive Stock Option Agreement shall contain a provision requiring the Holder to
notify the Company in writing immediately after the Holder makes a disqualifying disposition of any
Stock acquired pursuant to the exercise of such Incentive Stock Option. A disqualifying
disposition is any disposition (including any sale) of such Stock before the later of (a) two years
after the Date of Grant of the Incentive Stock Option or (b) one year after the date the Holder
acquired the Stock by exercising the Incentive Stock Option.

          (e) Incentive Stock Option Grants to 10% Stockholders. Notwithstanding anything to
the contrary in this Section 7, if an Incentive Stock Option is granted to a Holder who owns stock
representing more than ten percent of the voting power of all classes of stock of the Company or of
a Related Entity, the Option Period shall not exceed five years from the Date of Grant of such
Option and the Option Price shall be at least 110 percent of the Fair Market Value (on the Date of
Grant) of the Stock subject to the Option.

          (f) $100,000 Per Year Limitation for Incentive Stock Options. To the extent the
aggregate Fair Market Value (determined as of the Date of Grant) of Stock for which Incentive Stock
Options are exercisable for the first time by any Participant during any calendar year (under all
plans of the Company and its Subsidiaries) exceeds $100,000, such excess Incentive Stock Options
shall be treated as Nonqualified Stock Options.

          (g) Prohibition on Option Repricing. Subject to Section 13, without the prior
approval of the Company’s stockholders, the Company shall not, and the Committee shall not
authorize the Company to, (i) amend any outstanding Option to reduce its Option Price or (ii)
cancel any Option and replace it with the grant of any new Award with a higher intrinsic value.
This prohibition on Option repricing shall not be construed to prohibit the adjustments for
extraordinary changes in the Company’s capital structure that are otherwise permitted under Section
13 of this Plan.

     8. Stock Appreciation Rights. Any Option granted under the Plan may include SARs,
either at the Date of Grant or, except in the case of an Incentive Stock Option, by subsequent
amendment. The Committee also may award SARs independent of any Option. A SAR shall confer on the
Holder thereof the right to receive in shares of Stock, cash or a combination thereof the value
equal to the excess of the Fair Market Value of one share of Stock on the date of exercise over the
exercise price for the SAR, with respect to every share of Stock for which the SAR is granted. An
SAR shall be subject to such terms and conditions not inconsistent with the Plan as the Committee
shall impose, including, but not limited to, the following:

          (a) Vesting. SARs granted in connection with an Option shall become exercisable, be
transferable and shall expire according to the same vesting schedule, transferability rules and
expiration provisions as the corresponding Option. A SAR granted independent of an Option shall
become exercisable, be transferable and shall expire in accordance with a vesting schedule,
transferability rules and expiration provisions as established by the Committee and reflected in an
Award agreement.

          (b) Automatic Exercise. If on the last day of the Option Period (or in the case of a
SAR independent of an Option, the period established by the Committee after which the SAR shall
expire), the Fair Market Value of the Stock exceeds the Option Price (or in the case of an SAR
granted independent of an Option, the Fair Market Value of the Stock on the Date of Grant), the
Holder has not exercised the SAR or the corresponding Option, and neither the SAR nor the
corresponding Option has expired, such SAR shall be deemed to have been exercised by the Holder on
such last day and the Company shall make the appropriate payment therefor.

          (c) Payment. Upon the exercise of a SAR, the Company shall pay to the Holder an
amount equal to the number of shares subject to the SAR multiplied by the excess, if any, of the
Fair Market Value of one share of Stock on the exercise date over the Option Price, in the case of
an SAR granted in connection with an Option,

 

 

or the Fair Market Value of one share of Stock on the Date of Grant, in the case of a SAR
granted independent of an Option. The Company shall pay such excess in cash, in shares of Stock
valued at Fair Market Value, or any combination thereof, as determined by the Committee.
Fractional shares shall be settled in cash.

          (d) Method of Exercise. A Holder may exercise a SAR after such time as the SAR vests
by filing an irrevocable written notice with the Committee or its designee, specifying the number
of SARs to be exercised, and the date on which such SARs were awarded.

          (e) Expiration. Each SAR shall cease to be exercisable, as to any share of Stock,
when the Holder exercises the SAR or exercises a related Option, with respect to such share of
Stock. Except as otherwise provided, in the case of SARs granted in connection with Options, a SAR
shall expire on a date designated by the Committee which is not later than seven years after the
Date of Grant of the SAR. In the case of SARs granted independent of Options, a SAR shall expire on
a date designated by the Committee which is not later than ten years after the Date of Grant of the
SAR.

          (f) Prohibition on SAR Repricing. Subject to Section 13, without the prior approval
of the Company’s stockholders, the Company shall not, and the Committee shall not authorize the
Company to, (i) amend any outstanding SAR to reduce its exercise price or (ii) cancel any SAR and
replace it with the grant of any new Award with a higher intrinsic value. This prohibition on SAR
repricing shall not be construed to prohibit the adjustments for extraordinary changes in the
Company’s capital structure that are otherwise permitted under Section 13 of this Plan.

          (g) Fair Market Value. No SAR shall be granted with an exercise price that is less
than the Fair Market Value of a share of Stock at the Date of Grant of the SAR.

     9. Performance Share Units.

          (a) Award Grants. The Committee is authorized to establish Performance Share Unit
programs to be effective over designated Award Periods determined by the Committee. The Committee
may grant Performance Share Units to Eligible Persons in accordance with such Performance Share
Unit programs. At the beginning of each Award Period, the Committee will establish written
Performance Goals based upon financial objectives for the Company for such Award Period and a
schedule relating the accomplishment of the Performance Goals to the Awards to be earned by
Participants. Performance Goals may include absolute or relative growth in earnings per share or
rate of return on stockholders’ equity or other measurement of corporate performance and may be
determined on an individual basis or by categories of Participants. The Committee shall determine
the number of Performance Share Units to be awarded, if any, to each Eligible Person who is
selected to receive such an Award. The Committee may add new Participants to a Performance Share
program after its commencement by making pro rata grants.

          (b) Determination of Award. At the completion of an Award Period, or at other times
as specified by the Committee, the Committee shall calculate the number of shares of Stock earned
with respect to each Participant’s Performance Share Units by multiplying the number of Performance
Share Units granted to the Participant by a performance factor representing the degree of
attainment of the Performance Goals.

          (c) Partial Awards. A Participant for less than a full Award Period, whether by
reason of commencement or termination of employment or otherwise, shall receive such portion of an
Award, if any, for that Award Period as the Committee shall determine.

          (d) Form of Payment. Performance Share Units shall be payable in that number of
shares of Stock determined in accordance with Section 9(b); provided, however, that, at its
discretion, the Committee may make payment to any Participant in the form of cash upon the specific
request of such Participant. The amount of any payment made in cash shall be based upon the Fair
Market Value of the Stock on the day of payment. Payments of Performance Share Units shall be made
as soon as practicable after the completion of an Award

 

 

Period, but in no event later than two and one half months after the end of the calendar year
in which the Award Period ends.

          (e) Adjustment of Performance Goals. The Committee may, during the Award Period, make
such adjustments to Performance Goals as it may deem appropriate, to compensate for, or reflect,
(i) extraordinary or non-recurring events experienced during an Award Period by the Company or by
any Related Entity whose performance is relevant to the determination of whether Performance Goals
have been attained; (ii) any significant changes that may have occurred during such Award Period in
applicable accounting rules or principles or changes in the Company’s method of accounting or in
that of any Related Entity whose performance is relevant to the determination of whether an Award
has been earned or (iii) any significant changes that may have occurred during such Award Period in
tax laws or other laws or regulations that alter or affect the computation of the measures of
Performance Goals used for the calculation of Awards; provided, however, that with respect to
Performance Share Units intended to qualify as “performance-based compensation” under Section
162(m) of the Code, such adjustments shall be made only to the extent that the Committee determines
that such adjustments may be made without a loss of deductibility of the compensation includible
with respect to such Award under Section 162(m) of the Code.

     10. Restricted Stock and Restricted Stock Units.

          (a) Award of Restricted Stock and Restricted Stock Units.

               (i) The Committee shall have the authority (A) to grant Restricted Stock and Restricted Stock
Units, (B) to issue or transfer Restricted Stock to Eligible Persons, and (C) to establish terms,
conditions and restrictions applicable to such Restricted Stock and Restricted Stock Units,
including the Restricted Period, which may differ with respect to each grantee, the time or times
at which Restricted Stock or Restricted Stock Units shall be granted or become vested and the
number of shares or units to be covered by each grant.

               (ii) The Holder of Restricted Stock shall execute and deliver to the Company an Award
agreement with respect to the Restricted Stock setting forth the restrictions applicable to such
Restricted Stock. If the Committee determines that the Restricted Stock shall be held in escrow
rather than delivered to the Holder pending the release of the applicable restrictions, the Holder
additionally shall execute and deliver to the Company (A) an escrow agreement satisfactory to the
Committee, and (B) the appropriate blank stock powers with respect to the Restricted Stock covered
by such agreements. If a Holder shall fail to execute a Restricted Stock agreement and, if
applicable, an escrow agreement and stock powers, the Award shall be null and void. Subject to the
restrictions set forth in Section 10(b), the Holder shall generally have the rights and privileges
of a stockholder as to such Restricted Stock, including the right to vote such Restricted Stock.
Cash dividends and stock dividends with respect to the Restricted Stock shall be currently paid to
the Holder.

               (iii) Upon the Award of Restricted Stock, the Committee shall either (i) cause a stock
certificate registered in the name of the Holder to be issued and, if it so determines, deposited
together with the stock powers with an escrow agent designated by the Committee, or (ii) issue such
Stock to be held in a restricted book entry account in the name of the Holder. If an escrow
arrangement is used, the Committee shall cause the escrow agent to issue to the Holder a receipt
evidencing any stock certificate held by it registered in the name of the Holder.

               (iv) The terms and conditions of a grant of Restricted Stock Units shall be reflected in a
written Award agreement. No shares of Stock shall be issued at the time a Restricted Stock Unit
Award is made, and the Company will not be required to set aside a fund for the payment of any such
Award.

          (b) Restrictions.

               (i) Restricted Stock awarded to a Participant shall be subject to the following restrictions
until the expiration of the Restricted Period, and to such other terms and conditions as may be set
forth in the

 

 

applicable Award agreement: (A) if a stock certificate registered in the name of the Holder is
issued and an escrow arrangement is used, the Holder shall not be entitled to delivery of the stock
certificate; (B) the shares shall be subject to the restrictions on transferability set forth in
the Award agreement; (C) the shares shall be subject to forfeiture to the extent provided in
subparagraph (d) and the Award Agreement and, to the extent such shares are forfeited, the stock
certificates, if any, shall be returned to the Company, and all rights of the Holder to such shares
and as a stockholder shall terminate without further obligation on the part of the Company.

               (ii) Restricted Stock Units awarded to any Participant shall be subject to (A) forfeiture
until the expiration of the Restricted Period, to the extent provided in subparagraph (d) and the
Award agreement, and to the extent such Awards are forfeited, all rights of the Holder to such
Awards shall terminate without further obligation on the part of the Company and (B) such other
terms and conditions as may be set forth in the applicable Award agreement.

          (c) Restricted Period. The Restricted Period of Restricted Stock and Restricted Stock
Units shall commence on the Date of Grant and shall expire from time to time as to that part of the
Restricted Stock and Restricted Stock Units indicated in a schedule established by the Committee
and set forth in a written Award agreement. Notwithstanding the foregoing, the Committee shall have
the authority to accelerate the end of the Restricted Period on the Restricted Stock and Restricted
Stock Units whenever it may determine that, by reason of changes in applicable laws or other
changes in circumstances arising after the Date of Grant such action is appropriate.

          (d) Forfeiture Provisions. Except to the extent determined by the Committee and
reflected in the underlying Award agreement, in the event a Holder terminates their status as an
Eligible Person during a Restricted Period for any reason, that portion of the Award with respect
to which restrictions have not expired shall be completely forfeited to the Company.

          (e) Delivery of Restricted Stock and Settlement of Restricted Stock Units. Upon the
expiration of the Restricted Period with respect to any shares of Stock covered by a Restricted
Stock Award, the restrictions set forth in Section 10(b) and the Award agreement shall be of no
further force or effect with respect to shares of Restricted Stock which have not then been
forfeited. If an escrow arrangement is used, upon such expiration, the Company shall deliver to
the Holder, or the Holder’s beneficiary, without charge, the stock certificate evidencing the
shares of Restricted Stock which have not then been forfeited and with respect to which the
Restricted Period has expired (to the nearest full share) and any cash dividends or stock dividends
credited to the Holder’s account with respect to such Restricted Stock and the interest thereon, if
any. If the shares of Stock are held in a restricted book entry account in the name of the Holder,
upon such expiration, the Company shall remove the restrictions of such restricted book entry
account for such shares of Restricted Stock which have not been forfeited and with respect to which
the Restricted Period has expired (to the nearest full share) and any cash dividend or stock
dividends credited to the Holders’ account with respect to such Restricted Stock and the interest
thereon, if any.

     As soon as administratively feasible, but in no event later than two and one half months after
the end of the calendar year in which such occurs, upon the expiration of the Restricted Period
with respect to any Restricted Stock Units the Company shall deliver to the Holder, or the Holder’s
beneficiary, without charge, one share of Stock for each Restricted Stock Unit which has not then
been forfeited and with respect to which the Restricted Period has expired (“Vested Unit”);
provided, however, that, if so noted in the applicable Award agreement, the Committee may, in its
sole discretion, elect to pay cash or part cash and part Stock in lieu of delivering only Stock for
Vested Units. If cash payment is made in lieu of delivering Stock, the amount of such payment
shall be equal to the Fair Market Value of the Stock as of the date on which the Restricted Period
lapsed with respect to such Vested Unit.

          (f) Stock Restrictions. Each certificate representing Restricted Stock awarded under
the Plan shall bear the following legend until the end of the Restricted Period with respect to
such Stock:

 

 

“Transfer of this certificate and the shares represented hereby is restricted
pursuant to the terms of a Restricted Stock Agreement, dated as of
                                         between Wright Medical Group, Inc. and                                 
        .
A copy of such Agreement is on file at the offices of the Company at 5677 Airline
Road, Arlington, Tennessee 38002.”

     Stop transfer orders shall be entered with the Company’s transfer agent and registrar against
the transfer of legended securities.

     11. Stock Bonus. The Committee may issue unrestricted Stock to Eligible Persons,
alone or in tandem with other Awards, in such amounts and subject to such terms and conditions as
the Committee shall from time to time in its sole discretion determine. A Stock Bonus shall be
granted as or in payment of a bonus, to provide incentives, or to recognize special achievements or
contributions.

     12. General.

          (a) Additional Provisions of an Award. Awards may be subject to such other provisions
(whether or not applicable to the benefit awarded to any other Participant) as the Committee
determines appropriate including, without limitation, provisions to assist the Participant in
financing the purchase of Stock upon the exercise of Options, provisions for the forfeiture of or
restrictions on resale or other disposition of shares of Stock acquired under any Award, provisions
giving the Company the right to repurchase shares of Stock acquired under any Award in the event
the Participant elects to dispose of such shares, and provisions to comply with Federal and state
securities laws and Federal and state tax withholding requirements. Any such provisions shall be
reflected in the applicable Award agreement.

          (b) Privileges of Stock Ownership. Except as otherwise specifically provided in the
Plan, no person shall be entitled to the privileges of stock ownership in respect of shares of
Stock which are subject to Awards hereunder until such shares have been issued to that person.

          (c) Government and Other Regulations. The obligation of the Company to make payment
of Awards in Stock or otherwise shall be subject to all applicable laws, rules, and regulations,
and to such approvals by governmental agencies as may be required. Notwithstanding any terms or
conditions of any Award to the contrary, the Company shall be under no obligation to offer to sell
or to sell and shall be prohibited from offering to sell or selling any shares of Stock pursuant to
an Award unless such shares have been properly registered for sale pursuant to the Securities Act
with the Securities and Exchange Commission or unless the Company has received an opinion of
counsel, satisfactory to the Company, that such shares may be offered or sold without such
registration pursuant to an available exemption therefrom and the terms and conditions of such
exemption have been fully complied with. The Company shall be under no obligation to register for
sale under the Securities Act any of the shares of Stock to be offered or sold under the Plan. If
the shares of Stock offered for sale or sold under the Plan are offered or sold pursuant to an
exemption from registration under the Securities Act, the Company may restrict the transfer of such
shares and may legend the Stock certificates representing such shares in such manner as it deems
advisable to ensure the availability of any such exemption.

          (d) Tax Withholding. Notwithstanding any other provision of the Plan, the Company or
any Related Entity, as appropriate, shall have the right to deduct from all Awards cash and/or
Stock, valued at Fair Market Value on the date of payment, in an amount necessary to satisfy all
Federal, state or local taxes as required by law to be withheld with respect to such Awards and, in
the case of Awards paid in Stock, the Holder or other person receiving such Stock may be required
to pay prior to delivery of such Stock, the amount of any such taxes which are required to be
withheld, if any, with respect to such Stock. Subject in particular cases to the disapproval of
the Committee, shares of Stock of equivalent Fair Market Value in payment of such withholding tax
obligations may be accepted if the Holder of the Award elects to make payment in such manner.

          (e) Claim to Awards and Employment Rights. No employee or other person shall have any
claim or right to be granted an Award under the Plan or, having been selected for the grant of an
Award, to be

 

 

selected for a grant of any other Award. Neither the Plan nor any action taken hereunder
shall be construed as giving any Participant any right to be retained in the employ or service of
the Company or any Related Entity.

          (f) Designation and Change of Beneficiary. Each Participant may file with the
Committee a written designation of one or more persons as the beneficiary who shall be entitled to
receive the rights or amounts payable with respect to an Award due under the Plan upon the
Participant’s death. A Participant may, from time to time, revoke or change the Participant’s
beneficiary designation without the consent of any prior beneficiary by filing a new designation
with the Committee. The last such designation received by the Committee shall be controlling;
provided, however, that no designation, or change or revocation thereof, shall be effective unless
received by the Committee prior to the Participant’s death, and in no event shall it be effective
as of a date prior to such receipt. If no beneficiary designation is filed by the Participant, the
beneficiary shall be deemed to be the Participant’s spouse, if the Participant is unmarried at the
time of death, the Participant’s estate.

          (g) Payments to Persons other Than Participants. If the Committee shall find that any
person to whom any amount is payable under the Plan is unable to care for such person’s affairs
because of illness or accident, or is a minor, or has died, then any payment due to such person or
such person’s estate (unless a prior claim therefor has been made by a duly appointed legal
representative) may, if the Committee so directs, be paid to such person’s spouse, child, relative,
an institution maintaining or having custody of such person, or any other person deemed by the
Committee to be a proper recipient on behalf of such person otherwise entitled to payment. Any
such payment shall be a complete discharge of the liability of the Committee and the Company
therefor.

          (h) No Liability of Committee Members. No member of the Committee shall be personally
liable by reason of any contract or other instrument executed by such member or on such member’s
behalf in such member’s capacity as a member of the Committee nor for any mistake of judgment made
in good faith, and the Company shall indemnify and hold harmless each member of the Committee and
each other employee, officer or director of the Company to whom any duty or power relating to the
administration or interpretation of the Plan may be allocated or delegated, against any cost or
expense (including counsel fees) or liability (including any sum paid in settlement of a claim)
arising out of any act or omission to act in connection with the Plan unless arising out of such
person’s own fraud or willful bad faith; provided, however, that approval of the Board shall be
required for the payment of any amount in settlement of a claim against any such person. The
foregoing right of indemnification shall not be exclusive of any other rights of indemnification to
which such persons may be entitled under the Company’s certificate of incorporation or bylaws, as a
matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them
harmless.

          (i) Governing Law. The Plan shall be governed by and construed in accordance with the
internal laws of the State of Delaware without regard to the principles of conflicts of law
thereof.

          (j) Funding. No provision of the Plan shall require the Company, for the purpose of
satisfying any obligations under the Plan, to purchase assets or place any assets in a trust or
other entity to which contributions are made or otherwise to segregate any assets, nor shall the
Company maintain separate bank accounts, books, records or other evidence of the existence of a
segregated or separately maintained or administered fund for such purposes. Holders shall have no
rights under the Plan other than as unsecured general creditors of the Company, except that insofar
as they may have become entitled to payment of additional compensation by performance of services,
they shall have the same rights as other employees under general law.

          (k) Non-transferability. A person’s rights and interest under the Plan, including
amounts payable, may not be sold, assigned, donated, or transferred or otherwise disposed of,
mortgaged, pledged or encumbered except, in the event of a Holder’s death, to a designated
beneficiary to the extent permitted by the Plan, or in the absence of such designation, by will or
the laws of descent and distribution; provided, however, the Committee may, in its sole discretion,
allow for transfer of Awards other than Incentive Stock Options to other persons or entities.
Notwithstanding the foregoing provision, in no event may an Award be transferred by a grantee for
value.

 

 

          (l) Reliance on Reports. Each member of the Committee and each member of the Board
shall be fully justified in relying, acting or failing to act, and shall not be liable for having
so relied, acted or failed to act in good faith, upon any report made by the independent public
accountant of the Company and any Related Entity and upon any other information furnished in
connection with the Plan by any person or persons other than himself.

          (m) Relationship to Other Benefits. No payment under the Plan shall be taken into
account in determining any benefits under any pension, retirement, profit sharing, group insurance
or other benefit plan of the Company except as otherwise specifically provided in such other plan.

          (n) Expenses. The expenses of administering the Plan shall be borne by the Company.

          (o) Pronouns. Masculine pronouns and other words of masculine gender shall refer to
both men and women.

          (p) Titles and Headings. The titles and headings of the sections in the Plan are for
convenience of reference only, and in the event of any conflict, the text of the Plan, rather than
such titles or headings shall control.

     13. Changes in Capital Structure. Awards granted under the Plan and any agreements
evidencing such Awards, the maximum number of shares of Stock subject to all Awards, and the
maximum number of shares of Stock with respect to which any one person may be granted Options or
SARs during any year, if applicable, shall be subject to equitable adjustment or substitution, as
determined by the Committee in its sole discretion, as to the number, price or kind of a share of
Stock or other consideration subject to such Awards (a) in the event of changes in the outstanding
Stock or in the capital structure of the Company by reason of stock dividends, stock splits,
reverse stock splits, recapitalizations, reorganizations, mergers, consolidations, combinations,
exchanges, or other relevant changes in capitalization occurring after the Date of Grant of any
such Award or (b) in the event of any change in applicable laws or any change in circumstances
which results in or would result in any substantial dilution or enlargement of the rights granted
to, or available for, Participants in the Plan, or which otherwise warrants equitable adjustment
because it interferes with the intended operation of the Plan. In addition, in the event of any
such adjustment or substitution, the aggregate number of shares of Stock available under the Plan
shall be appropriately adjusted by the Committee, whose determination shall be conclusive. With
respect to Awards intended to qualify as “performance-based compensation” under Section 162(m) of
the Code, such adjustments or substitutions shall be made only to the extent that the Committee
determines that such adjustments or substitutions may be made without a loss of deductibility for
such Awards under Section 162(m) of the Code. With respect to Awards of Stock rights intended to
be excluded from the definition of “deferred compensation” under Code Section 409A, such
adjustments or substitutions shall be made only to the extent that the adjustments or substitutions
are made pursuant to Treas. Reg. §1.409A-1(b)(5)(v)(D). The Company shall give each Participant
notice of an adjustment hereunder and, upon notice, such adjustment shall be conclusive and binding
for all purposes.

     Notwithstanding the above, in the event of any of the following: (a) the Company is merged or
consolidated with another corporation or entity and, in connection therewith, consideration is
received by shareholders of the Company in a form other than stock or other equity interests of the
surviving entity; (b) all or substantially all of the assets of the Company are acquired by another
person; or (c) the reorganization or liquidation of the Company; then the Committee may, in its
discretion and upon at least 10 days advance notice to the affected persons, cancel any outstanding
Awards and pay to the Holders thereof, in cash, the value of such Awards based upon the price per
share of Stock received or to be received by other shareholders of the Company in the event. The
terms of this Section 13 may be varied by the Committee in any particular Award agreement.

     14. Non-exclusivity of the Plan. Neither the adoption of this Plan by the Board nor
the submission of this Plan to the stockholders of the Company for approval shall be construed as
creating any limitations on the power of the Board to adopt such other incentive arrangements as it
may deem desirable, including, without limitation,

 

 

the granting of stock options otherwise than under this Plan, and such arrangements may be
either applicable generally or only in specific cases.

     15. Amendments and Termination. The Board may at any time terminate the Plan.
Subject to Sections 7(g), 8(f) and 13, with the express written consent of an individual
Participant, the Board or the Committee may cancel or reduce or otherwise alter outstanding Awards
if, in its judgment, the tax, accounting, or other effects of the Plan or potential payouts
thereunder would not be in the best interest of the Company. The Board or the Committee may, at
any time, or from time to time, amend or suspend and, if suspended, reinstate, the Plan in whole or
in part; provided, however, that any amendment of the Plan shall require the approval of the
Company’s stockholders to the extent that such approval is then required by the Plan, applicable
law, the rules and regulations of the Securities and Exchange Commission, or the rules and
regulations of any national securities exchange on which the Stock is then listed or any automated
quotation system on which the Stock is then quoted.

     16. Effect of Section 162(m) of the Code. The Plan, and all Awards issued thereunder,
are intended to be exempt from the application of Section 162(m) of the Code, which restricts under
certain circumstances the Federal income tax deduction for compensation paid by a public company to
named executives in excess of $1 million per year. The Committee may, without shareholder
approval, amend the Plan retroactively and/or prospectively to the extent it determines necessary
in order to comply with any subsequent clarification of Section 162(m) of the Code required to
preserve the Company’s Federal income tax deduction for compensation paid pursuant to the Plan. To
the extent that the Committee determines as of the Date of Grant of an Award that the Award is
intended to comply with Section 162(m) of the Code, such Award shall not be effective until any
stockholder approval required under Section 162(m) of the Code to provide a full Federal income tax
deduction has been obtained.

     17. Compliance with Section 409A.

          (a) This Plan shall at all times be administered and the provisions of this Plan shall be
interpreted consistent with the requirements of Section 409A of the Code and any and all
regulations thereunder, including such regulations as may be promulgated after the effective date
of this Plan. Without limiting the foregoing, for purposes of Section 409A of the Code,

               (i) each “payment” (as defined by Section 409A of the Code) made under this Plan or an Award
shall be considered a “separate payment;”

               (ii) payments shall be deemed exempt from the definition of deferred compensation under
Section 409A of the Code to the fullest extent possible under (i) the “short-term deferral”
exemption of Treasury Regulation § 1.409A-1(b)(4), and (ii) with respect to amounts paid as
separation pay no later than the second calendar year following the calendar year containing the
participant’s “separation from service” (as defined for purposes of Section 409A of the Code) the
“two years/two-times” separation pay exemption of Treasury Regulation § 1.409A-1(b)(9)(iii), which
are hereby incorporated by reference, and

               (iii) if the Participant is a “specified employee” as defined in Section 409A of the Code (and
as applied according to procedures of the Company and its affiliates) as of the Participant’s
separation from service, to the extent any payment under the Plan or an Award constitutes deferred
compensation (after taking into account any applicable exemptions from Section 409A of the Code)
and to the extent required by Section 409A of the Code, no payments due under the Plan or an Award
may be made until the earlier of: (i) the first day of the seventh month following the
Participant’s separation from service, or (ii) the Participant’s date of death; provided, however,
that any payments delayed during this six-month period shall be paid in the aggregate in a lump
sum, without interest, on the first day of the seventh month following the Participant’s separation
from service. To the extent that the payment terms for an Award are otherwise set forth in a
written employment agreement or change in control agreement with a specified employee (or other
Company plan applicable to the specified employee) and such payment terms otherwise meet the
requirements of Section 409A of the Code and the application of such

 

 

terms does not result in a violation of Section 409A of the Code, the foregoing payment terms
shall be disregarded and the payment terms set forth in the applicable agreement or plan shall
apply.

          (b) If this Plan or any Award fails to meet the requirements of Section 409A of the Code,
neither the Company nor any of its affiliates shall have any liability for any tax, penalty or
interest imposed on the Participant by Section 409A of the Code, and the Participant shall have no
recourse against the Company or any of its affiliates for payment of any such tax, penalty or
interest imposed by Section 409A of the Code.

     IN WITNESS WHEREOF, the undersigned has caused the Plan to be executed on behalf of the
Company as of May 13, 2009.

	 	 	 	 	 
	 	WRIGHT MEDICAL GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Gary D. Henley 	 
	 	 	President and Chief Executive OfficerEX-4.1

Exhibit 4.1

SECOND AMENDMENT TO CREDIT AGREEMENT AND CONSENT

     THIS SECOND AMENDMENT TO CREDIT AGREEMENT AND CONSENT dated as of February [___], 2009 (the
“Agreement”) is entered into among EMS Technologies, Inc., a Georgia corporation
(“EMS”), EMS Technologies Canada, Ltd., a Canadian federal corporation (the “Canadian
Borrower”; together with EMS, the “Borrowers”), the Guarantors, the Lenders party
hereto, Bank of America, National Association, as Domestic Administrative Agent and Domestic L/C
Issuer and Bank of America, National Association, acting through its Canada branch, as Canadian
Administrative Agent and Canadian L/C Issuer. All capitalized terms used herein and not otherwise
defined herein shall have the meanings given to such terms in the Credit Agreement (as defined
below).

RECITALS

     WHEREAS, the Borrowers, the Guarantors, the Lenders, Bank of America, National Association, as
Domestic Administrative Agent and Domestic L/C Issuer and Bank of America, National Association,
acting through its Canada branch, as Canadian Administrative Agent and Canadian L/C Issuer entered
into that certain Credit Agreement dated as of February 29, 2008 (as amended or modified from time
to time, the “Credit Agreement”); and

     WHEREAS, EMS has requested that the Lenders amend the Credit Agreement as set forth below;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     1. Consents. The Lenders hereby consent to (a) the Domestic Administrative Agent’s
release of the Domestic Administrative Agent’s security interests in the Equity Interests in 990834
Ontario Inc. and each of the Foreign Subsidiaries identified on Schedule 7.16 to the Credit
Agreement at such time as such Equity Interests are contributed by EMS and LXE to Lux SNC and (b)
the dissolution of LXE Australia Pty, LTD. (the “Australian Dissolution Subsidiary”)
provided that any proceeds of the assets of the Australian Dissolution Subsidiary are transferred
to a Domestic Loan Party prior to such dissolution. The above-referenced consents are limited
solely to the matters described in the preceding sentence, and nothing contained in this Agreement
shall be deemed to constitute a waiver of any rights or remedies the Domestic Administrative Agent,
the Canadian Administrative Agent or any Lender may have under the Credit Agreement, the Loan
Documents or applicable law.

     2. Amendments. The Credit Agreement is hereby amended as follows:

     (a) The following definitions are hereby added to Section 1.01 of the Credit
Agreement in the appropriate alphabetical order to read as follows:

     “990834 Ontario” means 990834 Ontario Inc., a corporation incorporated
under the laws of the province of Ontario.

     “EMS Lux SARL” means EMS Holdings S.à.r.l., a Luxembourg limited
liability company.

     “Eurodollar Base Rate” means, the rate per annum equal to (i) BBA
LIBOR, as published by Reuters (or other commercially available source providing
quotations of
BBA LIBOR as designated by the applicable Administrative Agent from time to
time) at approximately 11:00 a.m., London time, on the date of determination
(provided that if

 

 

 such date is not a Business Day, the next preceding Business Day)
for deposits in the relevant currency (for delivery on such date) with a term
equivalent to one month or (ii) if such rate is not available at such time for any
reason, the rate per annum determined by the applicable Administrative Agent to be
the rate at which deposits in the relevant currency for delivery on the date of
determination in same day funds in the approximate amount of the Base Rate Loan
being made, continued or converted by Bank of America and with a term equivalent to
one month would be offered by Bank of America’s London Branch to major banks in the
London interbank eurodollar market at their request at approximately 11:00 a.m.
(London time) on the date of determination.

     “Formation” means Formation, Inc., a New Jersey corporation.

     “Immaterial LXE Foreign Subsidiaries” means the collective reference to
LXE France SARL, LXE Australia Pty, LTD. and LXE Singapore Pte Ltd.

     “Lux SNC” means EMS Technologies – LXE S.e.n.c., a Luxembourg
partnership.

     “Lux SNC Loan” means that certain intercompany loan by EMS to Lux SNC
in the principal amount of $28,714,535, as evidenced by that certain promissory note
executed by Lux SNC in favor of EMS.

     “LXE” means LXE Inc., a Georgia corporation.

     “LXE Foreign Subsidiaries” means those certain Foreign Subsidiaries
identified on Schedule 7.16 to the Credit Agreement.

     “Project Saxon Reorganization” has the meaning provided in the
definition of “Disposition” in Section 1.01.

     “UK Acquisition” means the Acquisition by UK Acquisition Company of the
Equity Interests of the UK Target pursuant to the terms of that certain Share
Purchase Agreement between the persons listed on Schedule 1 thereto, UK Acquisition
Company and EMS dated November 20, 2008, as amended.

     “UK Acquisition Company” means EMS Acquisition Company Limited, a
company incorporated in England and Wales.

     “UK Acquisition Company Lux Loan” means the collective reference to (a)
that certain intercompany loan by EMS Lux SARL to UK Acquisition Company in the
principal amount of 19,000,000 Pounds Sterling and (b) that certain intercompany
loan by EMS Lux SARL to UK Acquisition Company in the principal amount of 5,500,000
Pounds Sterling, each made in connection with the Project Saxon Reorganization.

     “UK Target” means Satamatics Global Limited, a company incorporated and
registered in England and Wales.

     “Unsecured Canadian Guarantors” means the collective reference to EMS
Lux SARL, Lux SNC, UK Acquisition Company, UK Target and each of the LXE Foreign
Subsidiaries, and “Unsecured Canadian Guarantor” means any one of them.

 

 

     (b) The definition of “Base Rate” in Section 1.01 of the Credit
Agreement is hereby amended to read as follows:

     “Base Rate” means

     (a) in the case of Domestic Revolving Loans, for any day a fluctuating rate per
annum equal to the highest of (i) the Federal Funds Rate plus 1/2 of 1%,
(ii) the Domestic Prime Rate and (iii) the Eurodollar Base Rate plus 1.00%;

     (b) in the case of Canadian Revolving Loans denominated in Canadian Dollars,
for any day a fluctuating rate per annum equal to the highest of (i) the CDOR Rate
plus 1/2 of 1%, (ii) the Canadian Prime Rate and (iii) the Eurodollar Base
Rate plus 1.00%; and

     (c) in the case of Canadian Revolving Loans denominated in U.S. Dollars, for
any day a fluctuating rate per annum equal to the highest of (i) the rate which the
Canadian Administrative Agent in Toronto, Ontario announces from time to time as the
reference rate for loans in U.S. Dollars to its Canadian borrowers, (ii) the Federal
Funds Rate plus 1/2 of 1% and (c) the Eurodollar Base Rate plus 1.00%.

     (c) The definition of “Change of Control” in Section 1.01 of the Credit
Agreement is hereby amended by deleting the period at the end of subclause (b) thereof,
inserting the following text “; or” in replacement thereof and adding new subclauses (c) and
(d) at the end thereof which shall read as follows:

     (c) subsequent to LXE’s contribution of the Equity Interests in the LXE Foreign
Subsidiaries to Lux SNC, Lux SNC shall cease to own and control, of record and
beneficially, directly or indirectly, 100% of the Voting Stock in each of the LXE
Foreign Subsidiaries; or

     (d) EMS shall cease to own and control, of record and beneficially, directly or
indirectly, 100% of the Equity Interests of the Canadian Borrower or any other
Subsidiary, except for ownership of nominal Equity Interests necessary to qualify
directors where required by applicable law or to satisfy other requirements of
applicable law.

     (d) The definition of “Consolidated Net Income” in Section 1.01 of the
Credit Agreement is hereby amended to read as follows:

     “Consolidated Net Income” means, for any period, for EMS and its
Subsidiaries on a consolidated basis, the net income of EMS and its Subsidiaries for
such period, but excluding therefrom (to the extent otherwise included therein): (a)
any extraordinary gains or losses, (b) any gains or non-cash losses attributable to
write-ups or impairment of assets, (c) any equity interest of any Loan Party in the
unremitted earnings of any Person that is not a Subsidiary, (d) any income of any
Subsidiary of EMS which is not a Guarantor to the extent the payment of such income
in the form of dividends or other distributions to either EMS or any Subsidiary is
then prohibited, whether on account of restrictions in such Subsidiary’s
organizational documents or restrictions in any agreement, document, contract, deed
or other instrument applicable to such Subsidiary
and (e) any acquisition-related costs in connection with any Investment or
Acquisition permitted hereunder, including finder’s fees, advisory, legal,
accounting, valuation or

 

 

other professional or consulting fee that are required to
be expensed as incurred in accordance with Financial Accounting Standards Board
Statement of Financial Accounting Standards No. 141(R) – Business Combinations, all
as determined in accordance with GAAP.

     (e) The definition of “Disposition” in Section 1.01 of the Credit
Agreement is hereby amended to read as follows:

     “Disposition” or “Dispose” means the sale, transfer, license,
lease or other disposition (including any Sale and Leaseback Transaction) of any
property by EMS or any Subsidiary (including the Equity Interests of any
Subsidiary), including any sale, assignment, transfer or other disposal, with or
without recourse, of any notes or accounts receivable or any rights and claims
associated therewith, but excluding (a) the sale, lease, license,
transfer or other disposition of inventory in the ordinary course of business, (b)
the sale, lease, license, transfer or other disposition in the ordinary course of
business of surplus, obsolete or worn out property no longer useful in the conduct
of business of EMS and its Subsidiaries, (c) any Involuntary Disposition, (d) any
sale, lease, license, transfer or other disposition (i) by a Loan Party to any
Domestic Loan Party, (ii) by one Canadian Loan Party to another Canadian Loan Party
(other than any Unsecured Canadian Guarantor), (iii) by any Subsidiary that is not a
Loan Party to any Loan Party or any other Subsidiary that is not a Loan Party, (e)
the following dispositions to be made in connection with the reorganization
described in the Deloitte presentation entitled “Project Saxon” dated February 4,
2009 (the “Project Saxon Reorganization”): (i) the transfer by LXE to Lux
SNC of LXE’s Equity Interests in EMS Lux SARL, (ii) the transfer by EMS to Lux SNC
of EMS’s Equity Interests in 990834 Ontario, (iii) the transfer by EMS to EMS Lux
SARL of EMS’s Equity Interests in UK Acquisition Company and (iv) the transfer by
LXE to Lux SNC of LXE’s Equity Interests in the LXE Foreign Subsidiaries and the
Immaterial LXE Foreign Subsidiaries, (f) any sale by Formation on a non-recourse
basis of accounts receivable from Rockwell Collins, Inc. to Citibank, N.A. in an
aggregate amount not to exceed $600,000 at any one time outstanding pursuant to the
terms of a Supplier Agreement between Formation and Citibank, N.A. dated as of
September 7, 2004 and (g) any transfer of cash by and among Subsidiaries of Lux SNC
through a centralized account at LXE Netherlands B.V. pursuant to a cash pooling
arrangement serviced by Bank of America, as servicer.

     (f) The language preceding the proviso in the definition of “Permitted
Acquisition” in Section 1.01 of the Credit Agreement is hereby amended to read
as follows:

     “Permitted Acquisitions” means Investments consisting of an Acquisition
by any Loan Party (other than any Unsecured Canadian Guarantor);

     (g) The last three sentences of Section 6.20 of the Credit Agreement are hereby
amended to read as follows:

The exact legal name and state of organization of each Loan Party as of the Closing
Date is as set forth on Schedule 6.13. Set forth on Schedule
6.20(b) is a list of (a) all locations in Canada where any personal property of
a Loan Party (other than any Unsecured Canadian Guarantor) is located, including
province or territory where located and (ii) the chief executive office in Canada,
if any, of the Canadian Borrower and each Canadian Subsidiary.
Except as set forth on Schedule 6.20(c), no Loan Party (other than any
Unsecured Canadian Guarantor) has during the five years preceding the Closing Date
(i) changed its legal name,

 

 

(ii) changed its jurisdiction of formation, or (iii)
been party to a merger, consolidation or other change in structure.

     (h) Section 7.01(a) of the Credit Agreement is hereby amended to read as
follows:

     (a) upon the earlier of the date that is ninety (90) days after the end of each
fiscal year of EMS or the date such information is filed with the SEC, (i) a
consolidated balance sheet of EMS and its Subsidiaries as at the end of such fiscal
year, and the related consolidated statements of income or operations, changes in
shareholders’ equity and cash flows for such fiscal year, setting forth in each case
in comparative form the figures for the previous fiscal year, and prepared in
accordance with GAAP, audited and certified by a report and opinion of an
independent certified public accountant of nationally recognized standing reasonably
acceptable to the Required Lenders, which certification shall be prepared in
accordance with generally accepted auditing standards and shall not be subject to
any “going concern” or like qualification or exception or any qualification or
exception as to the scope of such audit and (ii) a consolidating balance sheet of
EMS and its Subsidiaries as at the end of such fiscal year, and the related
consolidating statements of income or operations, changes in shareholders’ equity
and cash flows for such fiscal year, setting forth in each case in comparative form
the figures for the previous fiscal year, certified by a Responsible Officer of EMS
as fairly presenting the financial condition, results of operations, shareholders’
equity and cash flows of EMS and its Subsidiaries in accordance with GAAP; and

     (i) Section 8.01 of the Credit Agreement is hereby amended by deleting the
period at the end of subclause (t) thereof, inserting the following text “; and” in
replacement thereof and adding a new subclause (u) at the end thereof which shall read as
follows:

     (u) Liens of Citibank, N.A. on accounts receivable from Rockwell Collins
purchased from Formation by Citibank, N.A. on a non-recourse basis in an aggregate
amount not to exceed $600,000 at any one time outstanding pursuant to the terms of a
Supplier Agreement between Formation and Citibank, N.A. dated as of September 7,
2004.

     (j) Section 8.02 of the Credit Agreement is hereby amended to read as follows:

     8.02 Investments.

     Make any Investments, except:

     (a) Investments held by EMS or such Subsidiary in the form of Cash Equivalents;

     (b) Investments existing as of the Closing Date and set forth in Schedule
8.02;

     (c) Investments by any Domestic Loan Party in any other Domestic Loan Party;

     (d) Investments by any Canadian Loan Party (other than any Domestic
Guarantor) in any other Loan Party (other than any Unsecured Canadian
Guarantor);

 

 

     (e) (i) Investments by any Subsidiary of EMS that is not a Loan Party in any
other Subsidiary of EMS that is not a Loan Party and (ii) Investments by any
Unsecured Canadian Guarantor in any other Unsecured Canadian Guarantor;

     (f) Permitted Acquisitions;

     (g) Guarantees permitted by Section 8.03;

     (h) the following Investments to be made in connection with the Project Saxon
Reorganization: (i) the capital contribution by EMS of Euro 1,378 in Lux SNC, (ii)
the Lux SNC Loan, (iii) the 1 Pound Sterling equity contribution by EMS in UK
Acquisition Company, (iv) the equity contribution by LXE in Lux SNC of LXE’s Equity
Interests in EMS Lux SARL, (v) the equity contribution by EMS in Lux SNC of EMS’s
Equity Interests in 990834 Ontario, (vi) the 8,426,957 Pounds Sterling equity
contribution by EMS Lux SARL in UK Acquisition Company and (vii) the equity
contribution by LXE in Lux SNC of LXE’s Equity Interests in the LXE Foreign
Subsidiaries and the Immaterial LXE Foreign Subsidiaries;

     (i) the UK Acquisition (including EMS’s Guarantee of UK Acquisition Company’s
obligations related to the UK Acquisition); provided, that both before and
immediately after giving effect to such UK Acquisition and such Guarantee, no
Default shall have occurred and be continuing;

     (j) any contribution of cash by any Subsidiary of Lux SNC into a centralized
account at LXE Netherlands B.V. pursuant to a cash pooling arrangement serviced by
Bank of America, as servicer; and

     (h) other Investments not exceeding US$2,500,000 in the aggregate in any fiscal
year of EMS.

     (k) Section 8.03 of the Credit Agreement is hereby amended to read as follows:

     8.03 Indebtedness.

     Create, incur, assume or suffer to exist any Indebtedness, except:

     (a) Indebtedness under the Loan Documents;

     (b) Indebtedness of EMS and its Subsidiaries listed on Schedule 8.03;

     (c) the Lux SNC Loan, the UK Acquisition Company Lux Loan and any other
intercompany Indebtedness permitted under Section 8.02;

     (d) obligations (contingent or otherwise) of any Borrower existing or arising
under any Swap Contract; provided that (i) such obligations are (or were)
entered into by such Person in the ordinary course of business for the purpose of
directly mitigating risks associated with liabilities, commitments, investments,
assets, or property held or reasonably anticipated by such Person, or changes in the
value of securities issued by such Person, and not for purposes of speculation or
taking a “market view” and (ii) such
Swap Contract does not contain any provision exonerating the non-defaulting
party from its obligation to make payments on outstanding transactions to the
defaulting party;

 

 

     (e) purchase money Indebtedness (including obligations in respect of Capital
Leases or Synthetic Leases) hereafter incurred by EMS or the Canadian Borrower to
finance the purchase of fixed assets, and renewals, refinancings and extensions
thereof; provided that (i) the total of all such Indebtedness for all such
Persons taken together shall not exceed an aggregate principal amount of
US$2,000,000 at any one time outstanding; (ii) such Indebtedness when incurred shall
not exceed the purchase price of the asset(s) financed; and (iii) no such
Indebtedness shall be refinanced for a principal amount in excess of the principal
balance outstanding thereon at the time of such refinancing;

     (f) other unsecured Indebtedness of EMS and the Canadian Borrower not to exceed
US$5,000,000 in the aggregate at any one time outstanding;

     (g) other unsecured Indebtedness of UK Acquisition Company not to exceed
US$1,000,000 in the aggregate at any one time outstanding; and

     (h) secured or unsecured Indebtedness of EMS and the Canadian Borrower assumed
in connection with a Permitted Acquisition so long as such Indebtedness (i) was not
incurred in anticipation of or in connection with the respective Permitted
Acquisition and (ii) does not exceed $10,000,000 in the aggregate at any time
outstanding.

     Notwithstanding the foregoing, neither Lux SNC, EMS Lux SARL, UK Acquisition
Company, UK Target, nor any LXE Foreign Subsidiary shall create, incur, assume or
suffer to exist any Indebtedness other than (x) Lux SNC’s obligations under the Lux
SNC Loan, (y) UK Acquisition Company’s obligations under the UK Acquisition Company
Lux Loan and (z) any Indebtedness permitted by clauses (c) and (g) above.

     (l) Clause (c) in Section 8.04 of the Credit Agreement is hereby amended to
read as follows:

(c) any Canadian Loan Party other than the Canadian Borrower, any Domestic Guarantor
and any Unsecured Canadian Guarantor may amalgamate with any other Canadian Loan
Party other than the Canadian Borrower, any Domestic Guarantor or any Unsecured
Canadian Guarantor,

     (m) Clause (b) in Section 8.06 of the Credit Agreement is hereby amended to
read as follows:

     (b) each Canadian Subsidiary may make Restricted Payments to any Canadian Loan Party
(other than any Unsecured Canadian Guarantor);

     (n) Section 8.06 of the Credit Agreement is hereby amended by deleting the
period at the end of subclause (d) thereof, inserting the following text “, and” in
replacement thereof and adding a new subclause (e) at the end thereof which shall read as
follows:

     (e) in connection with the Project Saxon Reorganization, 990834 Ontario may
make a Euro 15,663,210 distribution to EMS Lux SARL with proceeds received from the
CAN$24,886,050 distribution made by the Canadian Borrower to 990834
Ontario.

 

 

     (o) Clauses (c) and (d) in Section 8.08 of the Credit Agreement are each hereby
amended to read as follows:

(c) advances of working capital from a Canadian Loan Party (other than any Domestic
Guarantor) to another Canadian Loan Party (other than any Unsecured Canadian
Guarantor), (d)(i) transfers of cash and assets from a Canadian Loan Party (other
than any Domestic Guarantor) to another Canadian Loan Party (other than any
Unsecured Canadian Guarantor) and (ii) any transfers of cash by and among
Subsidiaries of Lux SNC through a centralized account of LXE Netherlands B.V.
pursuant to a cash pooling arrangement serviced by Bank of America, N.A., as
servicer,

     (p) Section 8.11(b) of the Credit Agreement is hereby amended to read as
follows:

     (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage
Ratio as of the end of any fiscal quarter of EMS to be greater than (i) 3.5 to 1.0
as of any fiscal quarter ending on or before December 31, 2008, (ii) 2.75 to 1.0 as
of the end of any fiscal quarter ending during the period from March 31, 2009 to and
including June 30, 2010, and (iii) 2.5 to 1.0 as of the end of any fiscal quarter
ending thereafter.

     (q) Schedule 8.02 to the Credit Agreement is hereby amended to read as provided
on Schedule 8.02 attached hereto.

     (r) Schedule 8.03 to the Credit Agreement is hereby amended to read as provided
on Schedule 8.03 attached hereto.

     3. Conditions Precedent. This Agreement shall be effective upon the satisfaction of
the following conditions precedent:

     (a) receipt by the Domestic Administrative Agent of counterparts of this Agreement duly
executed by the Borrowers, the Guarantors, the Required Lenders, Bank of America, National
Association, as Domestic Administrative Agent and Bank of America, National Association,
acting through its Canada branch, as Canadian Administrative Agent;

     (b) receipt by the Domestic Administrative Agent of the original promissory note
executed by Lux SNC in favor of EMS in connection with the Lux SNC Loan (as defined above),
together with a duly executed allonge in a form satisfactory to the Domestic Administrative
Agent;

     (c) receipt by the Domestic Administrative Agent of a certificate of a Responsible
Officer of each Loan Party, (i) certifying that the Organization Documents of each Loan
Party delivered on the Closing Date have not been amended, supplemented or otherwise
modified since the Closing Date and remain in full force and effect as of the date hereof
and (ii) attaching resolutions of each Loan Party approving and adopting this Agreement, in
form and substance reasonably satisfactory to the Domestic Administrative Agent, and
authorizing the execution and delivery of this Agreement and certifying that such
resolutions have not been amended, supplemented or otherwise modified and remain in full
force and effect as of the date hereof;

     (d) receipt by the Domestic Administrative Agent of favorable opinions of legal counsel
to the Loan Parties, addressed to the Administrative Agents and each Lender, dated as of
the date hereof, in form and substance satisfactory to the Domestic Administrative
Agent; and

 

 

     (e) receipt by the Administrative Agent (i) for the account of each Lender executing
this Amendment on or before February 11, 2009, a fee of $20,000 and (ii) of any other fees
and expenses owing to the Administrative Agent or BAS.

     4. Lux SNC Equity. Within forty-five (45) days of the date hereof, EMS shall pledge
to the Domestic Administrative Agent 65% of the Equity Interests of Lux SNC (the “Lux SNC
Equity Interests”) pursuant to a pledge agreement satisfactory to the Domestic Administrative
Agent together with (a) favorable opinions of counsel for EMS regarding EMS’s pledge of the Lux SNC
Equity Interests and (b) such other documentation reasonably requested by the Domestic
Administrative Agent necessary to perfect its security interests in the Lux SNC Equity Interests,
in each case in form and substance satisfactory to the Domestic Administrative Agent. The Loan
Parties’ failure to comply with the terms of this Section 4 shall constitute an Event of Default
under the Loan Documents.

     5. Guarantees. Within thirty (30) days of the date hereof, the Loan Parties shall
cause EMS Lux SARL, Lux SNC, UK Acquisition Company, UK Target and each of the LXE Foreign
Subsidiaries (collectively, the “Unsecured Canadian Guarantors”) to each become a Canadian
Guarantor by executing and delivering to the Canadian Administrative Agent a guaranty agreement
with respect to the Canadian Obligations in form and substance satisfactory to the Canadian
Administrative Agent and deliver to the Canadian Administrative Agent documents of the type
referred to in Section 5.01(f) of the Credit Agreement and favorable opinions of counsel to such
Person in form and substance satisfactory to the Canadian Administrative Agent. Notwithstanding
any terms to the contrary contained herein or in the Loan Documents, it is understood and agreed
that none of Unsecured Canadian Guarantors shall be required to pledge any of their respective
assets to secure the Canadian Obligations. The Loan Parties’ failure to comply with the terms of
this Section 5 shall constitute an Event of Default under the Loan Documents.

     6. Miscellaneous.

     (a) The Credit Agreement, and the obligations of the Loan Parties thereunder and under
the other Loan Documents, are hereby ratified and confirmed and shall continue and remain in
full force and effect according to their terms.

     (b) The Guarantors (a) acknowledge and consent to all of the terms and conditions of
this Agreement, (b) affirm all of their obligations under the Loan Documents and (c) agree
that this Agreement and all documents executed in connection herewith do not operate to
reduce or discharge their obligations under the Credit Agreement or the other Loan
Documents.

     (c) The Borrowers and each Guarantor hereby represent and warrant as follows:

     (i) Each Loan Party has taken all necessary action to authorize the execution,
delivery and performance of this Agreement.

     (ii) This Agreement has been duly executed and delivered by the Loan Parties
and constitutes each of the Loan Parties’ legal, valid and binding obligations,
enforceable in accordance with its terms, except as such enforceability may be
subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or
transfer, moratorium or similar laws affecting creditors’ rights generally and (ii)
general principles of equity.

     (iii) No consent, approval, authorization or order of, or filing, registration
or
qualification with, any court or governmental authority or third party is required
in connection with the execution, delivery or performance by any Loan Party of this

 

 

     Agreement.

     (d) The Loan Parties represent and warrant to the Lenders that (i) the representations
and warranties of the Loan Parties set forth in Article VI of the Credit Agreement and in
each other Loan Document are true and correct as of the date hereof with the same effect as
if made on and as of the date hereof, except to the extent such representations and
warranties expressly relate solely to an earlier date and (ii) no event has occurred and is
continuing which constitutes a Default or an Event of Default.

     (e) This Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be an original, but all of which shall constitute one and the
same instrument. Delivery of an executed counterpart of this Agreement by telecopy shall be
effective as an original and shall constitute a representation that an executed original
shall be delivered.

     (f) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK.

[Signature pages follow]

 

 

     Each of the parties hereto has caused a counterpart of this Agreement to be duly executed and
delivered as of the date first above written.

	 	 	 	 	 	 	 
	BORROWERS:	 	EMS TECHNOLOGIES, INC.,	 	 
	 	 	a Georgia corporation, as a Borrower and, with	 	 
	 	 	respect to the Canadian Obligations, as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	EMS TECHNOLOGIES CANADA, LTD.,	 	 
	 	 	a Canadian federal corporation, as a Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	DOMESTIC GUARANTORS:	 	LXE INC.,	 	 
	 	 	a Georgia corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	FORMATION, INC.,	 	 
	 	 	a New Jersey corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ADVANCED INTEGRATED RECORDERS, INC., a	 	 
	 	 	Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CANADIAN GUARANTORS:	 	990834 ONTARIO INC.,	 	 
	 	 	an Ontario corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

EMS TECHNOLOGIES, INC.

SECOND AMENDMENT TO CREDIT AGREEMENT AND CONSENT

 

 

	 	 	 	 	 	 	 
	DOMESTIC
	 	 	 	 	 	 
	ADMINISTRATIVE AGENT:	 	BANK OF AMERICA,	 	 
	 	 	NATIONAL ASSOCIATION,	 	 
	 	 	as Domestic Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CANADIAN
	 	 	 	 	 	 
	ADMINISTRATIVE AGENT:	 	BANK OF AMERICA,	 	 
	 	 	NATIONAL ASSOCIATION,	 	 
	 	 	acting through its Canada branch,	 	 
	 	 	as Canadian Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	DOMESTIC LENDERS:	 	BANK OF AMERICA,	 	 
	 	 	NATIONAL ASSOCIATION,	 	 
	 	 	as a Domestic Lender and Domestic L/C Issuer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	SUNTRUST BANK,	 	 
	 	 	as a Domestic Lender,	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	WACHOVIA BANK, N.A.,	 	 
	 	 	as a Domestic Lender,	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

EMS TECHNOLOGIES, INC.

SECOND AMENDMENT TO CREDIT AGREEMENT AND CONSENT

 

 

	 	 	 	 	 	 	 
	CANADIAN LENDERS:	 	BANK OF AMERICA,	 	 
	 	 	NATIONAL ASSOCIATION,	 	 
	 	 	acting through its Canada branch,	 	 
	 	 	as a Canadian Lender and Canadian L/C Issuer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	SUNTRUST BANK,	 	 
	 	 	as a Canadian Lender,	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	WACHOVIA BANK, N.A.,	 	 
	 	 	as a Canadian Lender,	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

EMS TECHNOLOGIES, INC.

SECOND AMENDMENT TO CREDIT AGREEMENT AND CONSENT

 

 

Schedule 8.02

Existing Investments

	 	 	 
	Loan Party	 	Description of Investment
	EMS Technologies, Inc.

	 	 24.09% ownership interest in Miraxis License Holdings, LLC
	 
	 	 
	     LXE Inc.

	 	Loan of $14,970,150.32 to LXE Nordics (formerly known as
LXE Scandinavia AB)

EMS TECHNOLOGIES, INC.

SECOND AMENDMENT TO CREDIT AGREEMENT AND CONSENT

 

 

Schedule 8.03

Existing Indebtedness

	 	 	 	 	 	 	 
	Loan	 	 	 	 	 	 
	Party/Subsidiary	 	Lender	 	Type	 	Amount
	EMS Technologies, Inc.

	 	General Electric Capital
	 	Mortgage on 660
	 	 $7,019,782.45
	 

	 	 
	 	Engineering Drive,
	 	   (as of January 31, 2009)
	 

	 	 	 	Norcross, GA	 	 
	 
	 	 	 	 	 	 
	LXE Inc.

	 	John Hancock Mutual
	 	Mortgage on 125
	 	 $3,417,508.61
	 

	 	Life Insurance Company
	 	Technology Parkway,
	 	   (as of January 31, 2009)
	 

	 	 
	 	Norcross, GA	 	 
	 
	 	 	 	 	 	 
	EMS Technologies

	 	Nexcap
	 	Capital lease of
	 	CAN$3,669.17
	Canada, Ltd.

	 	 	 	office equipment
	 	   (as of January 31, 2009)
	 
	 	 	 	 	 	 
	EMS Technologies

	 	Nexcap
	 	Capital lease of
	 	CAN$6,629.01
	Canada, Ltd.

	 	 	 	office equipment
	 	   (as of January 31, 2009)

EMS TECHNOLOGIES, INC.

SECOND AMENDMENT TO CREDIT AGREEMENT AND CONSENT

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