Document:

ex10-1.htm

Exhibit 10.1

 

FOURTH AMENDMENT TO

REVOLVING CREDIT, SECURITY AND WARRANT PURCHASE AGREEMENT

This FOURTH AMENDMENT TO REVOLVING CREDIT, SECURITY AND WARRANT PURCHASE AGREEMENT (this “Amendment”) dated and with effect as of May 3, 2013 is made and entered into by and between Roomlinx, Inc., a Nevada corporation (“Borrower”), and Cenfin LLC, a Delaware limited liability company (the “Lender”).

WHEREAS, the Borrower and the Lender are parties to that certain Revolving Credit, Security and Warrant Purchase Agreement dated as of June 5, 2009, as amended by that certain First Amendment to Revolving Credit, Security and Warrant Purchase Agreement dated as of March 10, 2010, that certain Second Amendment to Revolving Credit, Security and Warrant Purchase Agreement dated as of July 28, 2010 and that certain Third Amendment to Revolving Credit, Security and Warrant Purchase Agreement dated as of December 19, 2011 (the “Credit Agreement”).

WHEREAS, the Lender has requested and the Borrower has agreed to amend the Credit Agreement to provide that the making of any and all Revolving Loans shall be at the sole and absolute discretion of Lender.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and of the loans, extensions of credit and commitments herein referred to, the parties hereto agree as follows:

ARTICLE I

PURCHASE AND SALE; DETERMINATION OF PURCHASE PRICE

Section 1.1   Use of Defined Terms. Unless otherwise defined herein or the context otherwise requires, terms for which meanings are provided in the Credit Agreement shall have such meanings when used in this Amendment.

ARTICLE II

AMENDMENTS

Section 2.1   Revolving Loans.  Sections 2.1(a) and 2.1(b) are hereby deleted and replaced in their entirety as follows:

“(a)           Revolving Credit Commitment. Subject to and upon the terms and conditions set forth herein, Lender may, in its sole and absolute discretion, at the request of the Borrower, lend to the Borrower, from time to time during the Revolving Credit Period, such Revolving Loans as may be requested by the Borrower in an aggregate principal amount not to exceed $25,000,000.00 outstanding at any time (the “Revolving Credit Commitment”); provided, that each Borrowing shall be in a principal amount of at least $20,000 and no more than $500,000.  Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow the Revolving Loans.

  

  

  

 

(b)  Funding of Revolving Loans.  The Revolving Loans may, in the Lender’s sole and absolute discretion in each instance, be disbursed, as the Borrower shall direct, upon the satisfaction of the conditions set forth in Sections 7.1 and 7.2.”

Section 2.2   Each Borrowing.

(a)  The introductory clause in Section 7.2 of the Credit Agreement is hereby deleted and replaced in its entirety as follows:

“The Lender shall have the complete and absolute discretion as to whether to make any Revolving Loans pursuant to this Agreement.  In the event the Lender elects to make any Revolving Loan, in its sole and absolute discretion, the making of each such Revolving Loan shall be subject to the satisfaction of the following conditions:”

(b)           Section 7.2 of the Credit Agreement is hereby further amended by deleting existing subsection (c) in its entirety.

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES

Section 3.1   Representations and Warranties. In order to induce the Lender to enter into this Amendment, the Borrower hereby represents and warrants to the Lender as of the date hereof, as follows:

(a)           Due Authorization, Non-Contravention, etc.  The execution, delivery and performance by the Borrower of this Amendment are within Borrower’s power, have been duly authorized by all necessary corporate action, and do not: (i) contravene the constituent documents of Borrower, (ii) violate any applicable law or regulation or any order of any governmental authority, (iii) violate or result in the default under any material indenture, agreement or other instrument binding upon the Borrower or its assets, or give rise to a right thereunder to require any payment to be made by the Borrower, or (iv) result in the creation or imposition of any lien, claim or encumbrance on any asset of the Borrower, except for Permitted Liens.

(b)           Government Approval, Regulation, etc.  No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or other person or entity is required for the due execution, delivery or performance by the Borrower of this Amendment.

(c)           Validity, etc.  This Amendment constitutes the legal, valid and binding obligation of the Borrower enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles or equity, regardless of whether considered in a proceeding in equity or at law.

  

  

  

ARTICLE IV

MISCELLANEOUS

Section 4.1   Ratification of and References to the Credit Agreement.  Except for the amendments expressly set forth above, the Credit Agreement and each other Transaction Document is hereby ratified, approved and confirmed in each and every respect.  Reference to this specific Amendment need not be made in the Credit Agreement, the Transaction Documents, or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to or with respect to the Credit Agreement, and reference in any of such items to the Credit Agreement being sufficient to refer to the Credit Agreement as amended.

Section 4.2   Incorporation of Article 10.  Article 10 of the Credit Agreement is incorporated by reference herein mulutis muiendis.

***********

 

  

  

  

 

IN WITNESS WHEREOF, the parties hereto have executed this Fourth Amendment to Revolving Credit, Security and Warrant Purchase Agreement as of the day and year first written above

          

	 	CENFIN LLC
	 	 	 
	 	 	 
	 	By:	
/s/ Matthew Hulsizer

	 	 	Name:  Matthew Hulsizer
	 	 	Title:  Manager

 

 

	 	ROOMLINX, INC.
	 	 	 
	 	 	 
	 	By:	
/s/ Michael S. Wasik

	 	 	Name:  Michael S. Wasik
	 	 	Title:  Chief Executive OfficerEX-10.3

 Exhibit 10.3 

PEPCO HOLDINGS, INC. 
 RESTRICTED STOCK UNIT AGREEMENT 
 (Time-Vested) 

THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is effective this
         day of                     , 2013 (the “Date of Grant”), by and between
Pepco Holdings, Inc. (the “Company”), and Joseph M. Rigby, an employee of the Company (the “Participant”). 
 WHEREAS, the Company has adopted the Pepco Holdings, Inc. 2012 Long-Term Incentive Plan, as it may be amended, amended and restated and/or restated from time to time (the “Plan”).

 WHEREAS, on
                    , 2013, the Committee granted to the Participant a Service-Based Award of
                     Restricted Stock Units under the Plan (the “RSU Award”). 

WHEREAS, the Company desires to enter into an agreement with the Participant evidencing the grant to the Participant of the RSU
Award approved by the Committee on the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the
mutual covenants hereinafter set forth and for other good and valuable consideration, the Company and the Participant agree as follows: 
 1. Restricted Stock Unit Award. The RSU Award is a Service-Based Award under the Plan consisting of
                     Restricted Stock Units. The Restricted Stock Units are notional units of measurement denominated in shares of Stock
(i.e., one Restricted Stock Unit is equivalent in value to one share of Stock, subject to the terms hereof). The Restricted Stock Units represent an unfunded, unsecured contractual right. 

2. Vesting. Except as may otherwise be provided by Section 24, this RSU Award shall vest, as follows: 

(a) On
                    , 2016 (the “Vesting Date”), this RSU Award shall vest in full, provided that the Participant remains
continuously employed by the Company or a Subsidiary beginning on the Date of Grant and ending on the Vesting Date. Except as otherwise provided by Section 2(b), 2(c) or 3 hereof, if the employment of the Participant by the Company or any
Subsidiary terminates prior to the Vesting Date, this RSU Award shall be immediately forfeited in its entirety. The period beginning on the Date of Grant and ending on the Vesting Date shall be referred to herein as the “Restriction
Period.” 
 (b) Upon (i) the Termination of the Participant’s employment without Cause, or
(ii) the death or Disability of the Participant during the Restriction Period and prior to any termination of the Participant’s employment with the Company or any Subsidiary, a portion of the RSU Award shall vest, which portion shall equal
the number of Restricted Stock Units covered by this Agreement multiplied by a fraction, the numerator of which shall be the number of days in the Restriction Period during which the Participant was continuously employed by the Company or a
Subsidiary, and the denominator of which shall be the total number of days in the Restriction Period. The remaining portion of this RSU Award shall immediately be forfeited. 

 (c) The Committee may, in its sole discretion, provide that, upon the
retirement of the Participant (as determined by the Committee in its sole discretion), all or part of the Restricted Stock Units covered by this RSU Award shall vest. Any such action by the Committee must be made in writing prior to the effective
date of the Participant’s retirement. 
 Any Restricted Stock Units associated with this RSU Award as to which the vesting requirement of
this Section 2 has been satisfied shall be payable in accordance with Section 5 hereof. 
 3. Accelerated
Vesting. Notwithstanding the foregoing (but subject to compliance with the provisions of Section 17 hereof and except as may otherwise be provided in Section 24 hereof), if the Participant is terminated by the Company or a Subsidiary
as an employee or if the Participant terminates such employment for Good Reason, in each case within 12 months following a Change in Control and within the Restriction Period, all of the Restricted Stock Units represented hereby shall vest upon such
termination and be payable in accordance with Section 5 hereof. 
 4. Dividend Equivalents. Dividend Equivalents
under the Plan have been granted in conjunction with this RSU Award, such that any dividend paid in cash on shares of Stock will be credited to the Participant as Dividend Equivalents as if the Restricted Stock Units represented hereby were
outstanding shares of Stock. Such credit shall be made in the form of additional whole and/or fractional Restricted Stock Units, based on the Fair Market Value of the Stock on the trading day immediately prior to the date of payment of any such
dividend. All such additional Restricted Stock Units shall be subject to the same vesting and forfeiture provisions applicable to the Restricted Stock Units in respect of which they were credited and shall be paid in accordance with Section 5
hereof. 
 5. Payment of Award. Except as otherwise provided by Section 24 hereof, payment of vested
Restricted Stock Units (which shall include Restricted Stock Units credited pursuant to Dividend Equivalents described in Section 4) shall be made within thirty (30) days following the earlier of (i) the Vesting Date; or (ii) the
vesting of this RSU Award in whole or in part pursuant to Sections 2(b), 2(c) or 3 hereof, but subject in each case, as applicable, to any delay that may be required under Section 16 hereof. The vested Restricted Stock Units shall be paid in
the form of one share of Stock for each Restricted Stock Unit, minus deductions for applicable minimum statutory withholding taxes as set forth in Section 11 of this Agreement. 

6. Nontransferability of Award. None of the Restricted Stock Units covered hereby (including any Dividend Equivalents described in
Section 4) may be assigned or alienated, and shall not be subject to attachment or other legal process except (i) to the extent specifically mandated and directed by applicable state or Federal statute; or (ii) as provided in
Section 11 this Agreement with respect to withholding of applicable taxes. Any attempted disposition of this RSU Award or the Restricted Stock Units (or any interest herein) in violation of this Section 6 shall be null and void.

  
 -2-

 7. Terms and Conditions. The terms and conditions included in the Plan are
incorporated herein by reference, and to the extent that any conflict or ambiguity may exist between the terms and conditions included in this Agreement and the terms and conditions included in the Plan, the terms and conditions included in the Plan
shall control. By execution of this Agreement, the Participant acknowledges receipt of a copy of the Plan and further agrees to be bound thereby and by the actions of the Committee and/or the Board pursuant to the Plan. 

8. No Rights as a Stockholder. The Restricted Stock Units granted pursuant to this RSU Award, whether or not vested, will not
confer any voting rights or any other rights of a stockholder of the Company upon the Participant, and the Participant will not acquire any voting rights or any other rights of a stockholder of the Company unless and until such Restricted Stock
Units have vested and shares of Stock underlying such Restricted Stock Units have been issued and delivered to the Participant. The Company shall not be required to issue or transfer any certificates representing shares of Stock upon vesting of the
RSU Award until all applicable requirements of any law, rule or regulation have been compiled with, and any required government agency approvals have been obtained. Further, no issue or transfer of such certificates shall occur until such shares of
Stock have been duly listed on any securities exchange on which the Stock may then be listed. 
 9. Stock Issuable Upon
Vesting. Upon vesting of the RSU Award and payment of Stock pursuant to Section 5 hereof, the Participant shall be provided with the certificate(s) or certificate number(s) evidencing ownership of the shares of such Stock, subject to the
implementation of an arrangement with the Participant to effectuate all necessary tax withholding. If the shares of Stock evidenced by such certificate(s) were not offered and sold to the Participant in a transaction registered under the Securities
Act of 1933, as amended (the “Securities Act”), the certificate(s) may include a legend noting that the Stock may not be sold or transferred by the Participant unless such Stock is registered for resale or unless the Participant meets an
exemption from registration under the Securities Act. The Company shall follow all requisite procedures to deliver such certificates to the Participant; provided, however, that such delivery may be postponed to enable the Company to comply with any
applicable procedures, regulations or listing requirements of any government agency, stock exchange, transfer agent or regulatory agency. 
 10. No Employment Right; Tenure. This Agreement shall not constitute a contract of employment between the Company or any Subsidiary and the Participant. The Participant’s right, if any, to
serve the Company as a director, officer, employee or otherwise shall not be enlarged or otherwise affected by this Agreement or his or her designation as a participant under the Plan. 

11. Tax Withholding. The Participant acknowledges this RSU Award may give rise to a tax liability and a withholding obligation
associated therewith, and that no shares of Stock shall be issuable to the Participant hereunder until such withholding obligation is satisfied in full. In accordance with Section 19.C. of the Plan, the Company or a Subsidiary may withhold up
to, but no more than, the minimum applicable statutory federal, state and/or local taxes (collectively, “Tax Withholding Requirements”) at such time and upon such terms and conditions as required by law or determined by the Company or a
Subsidiary. Subject to compliance with any requirements of applicable law, the Participant shall have all or any portion of any Tax Withholding Requirements that may be payable in respect of the RSU Award satisfied when due

  
 -3-

 
through the payment by the Participant of cash to the Company or a Subsidiary, funded by the disposition on the Participant’s behalf or for the Participant’s account of shares of Stock
which would otherwise be delivered to the Participant having an aggregate fair market value equal to the aggregate amount of such Tax Withholding Requirements. 
 12. Securities Law Compliance. The Company currently has an effective registration statement on file with the Securities and Exchange Commission with respect to the shares of Stock subject to the
RSU Award. The Company intends to maintain the effectiveness of this registration statement but has no obligation to the Participant to do so. If the registration statement ceases to be effective, the Participant will not be able to transfer or sell
shares of Stock, which were issued to the Participant pursuant to the RSU Award at a time that such registration statement was not effective, unless exemptions from registration under applicable securities laws are available. Such exemptions from
registration are very limited and might not be available. The Participant agrees that any resale of shares of Stock issued pursuant to the RSU Award shall comply in all respects with the requirements of all applicable securities laws, rules and
regulations (including, without limitation, the provisions of the Securities Act and the Securities Exchange Act of 1934, and the respective rules and regulations promulgated thereunder) and any other law, rule or regulation applicable thereto, as
such laws, rules, and regulations may be amended from time to time. The Company shall not be obligated to either issue shares of Stock or permit the resale of any such shares if such issuance or resale would violate any such requirements.

 13. Other Plans and Agreements. Any gain realized by the Participant pursuant to this Agreement shall not be taken
into account as compensation in the determination of the Participant’s benefits under any pension, savings, group insurance, or other benefit plan maintained by the Company or a Subsidiary, except as determined by the board of directors of such
company or as expressly provided under the terms of such other plan. The Participant acknowledges that receipt of this Agreement or any prior agreement under the Plan shall not entitle the Participant to any other benefits under the Plan or any
plans maintained by the Company or a Subsidiary. 
 14. Committee Authority. The Committee shall have complete discretion
in the exercise of its rights, powers, and duties under this Agreement and the Plan. Any interpretation or construction of any provision of, and the determination of any question arising under, this Agreement shall be made by the Committee in its
sole discretion and shall be final, conclusive, and binding. The Committee may designate any individual or individuals to perform any of its functions hereunder. 
 15. Changes in Capitalization. The Restricted Stock Units under this RSU Award shall be subject to the provisions of Section 19.H. of the Plan relating to adjustments for changes to the
Company’s capitalization. The RSU Award shall not affect the right of the Company or any Subsidiary to reclassify, recapitalize or otherwise change its capital or debt structure or to merge, consolidate, convey any or all of its assets,
dissolve, liquidate, windup or otherwise reorganize. 
 16. Section 409A. This Agreement shall be interpreted to
ensure, to the fullest extent possible, that the payments contemplated hereby comply with Section 409A of the Internal Revenue Code of 1986, as amended, including the Treasury Regulations promulgated thereunder

  
 -4-

 
(“Section 409A”). However, if the RSU Award is determined to be subject to Section 409A and any payment is triggered by a separation from service, the payment will, if the
Participant is a specified employee (as determined under Section 409A) and to the extent required by Section 409A, be delayed until the date that is one day after the six month anniversary of such separation from service. 

17. Clawback Rules. If the Participant is subject to the provisions of (i) Section 304 of the Sarbanes-Oxley Act of
2002; (ii) any policies adopted by the Company in accordance with rules that may be promulgated by the Securities and Exchange Commission pursuant to Section 10D of the Securities Exchange Act of 1934, as amended; and (iii) any other
existing or future applicable law, rule, regulation, stock exchange rule, or policy of the Board providing for the forfeiture or recoupment of equity-based compensation granted by the Company (individually or collectively, the “Clawback
Rules”), this Award and the Restricted Stock Units described herein, as well as any shares of Common Stock issued hereunder (and any proceeds from the sale or disposition thereof), are subject to potential forfeiture or “clawback” to
the fullest extent called for by the Clawback Rules. By accepting this Award, the Participant agrees to return to the Company the full amount required by the Clawback Rules. 
 18. Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, without giving effect to the choice of law principles thereof. 

19. Binding Effect. This Agreement shall inure to the benefit of, and be binding on, the Company and its successors and assigns,
and the Participant and his or her heirs, administrators, executors, other legal representatives and permitted assigns, whether so expressed or not. 
 20. No Waiver. No waiver of any provision of this Agreement will be valid unless in writing and signed by the person against whom such waiver is sought to be enforced, nor will failure to enforce
any right under this Agreement constitute a continuing waiver of the same or a waiver of any other right hereunder. 
 21.
Further Assurances. The Participant hereby agrees to take whatever additional action and execute and deliver all agreements, instruments and other documents the Company may deem necessary or advisable to carry out or effect any of the
obligations or restrictions imposed on the Participant or the RSU Award pursuant to the express provisions of the Agreement and/or the Plan. 
 22. Definition of Terms. Capitalized terms used herein but not otherwise defined in this Agreement shall have the meanings ascribed to them under the Plan. 

23. Entire Agreement. Except as otherwise provided in Section 24, this Agreement and the Plan constitute the entire
understanding and agreement between the parties hereto with regard to the subject matter hereof, and they supersede all other negotiations, understandings and representations (if any) made by and between such parties. 

24. Employment Agreement. To the extent there is a conflict between the provisions of Section 2, 3 or 5 of this Agreement and
that certain Employment Agreement, dated December 20, 2011, by and between the Company and the Participant (the “Employment Agreement”), the terms of the Employment Agreement shall govern. 

[signatures appear on the following page] 

  
 -5-

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, and the Participant has hereunder set his hand, all as of this              day of
                    , 2013. 
  

							
	ATTEST:	  		  		 	PEPCO HOLDINGS, INC.
				
	By:                             
                                         
                                     	  		  		 	By:                             
                                         
                                       

	Name:	  		  		 	Name:
	Title:	  		  		 	Title:
				
		  		  		 	PARTICIPANT:
				
		  		  		 	 
		  		  		 	Printed Name:     Joseph M. Rigby

  
 -6-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00216-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00216-of-00352.parquet"}]]