Document:

EXHIBIT 10.22

 Exhibit 10.22 
  
 CBEYOND COMMUNICATIONS, INC. 
 FORM OF SUBSCRIPTION AGREEMENT 
  
 THIS SUBSCRIPTION AGREEMENT (this “Agreement”) is entered into as of             , 2005 by and between Cbeyond Communications, Inc., a Delaware corporation (the
“Company”), and the undersigned individual stockholder of the Company (the “Participating Stockholder”). 
  
 WHEREAS, the Company desires to issue and sell directly to the Participating Stockholder, and the Participating Stockholder desires to subscribe for and
purchase from the Company, shares (the “Subscription Shares”) of its common stock, par value $0.01 per share in an offering (the “Concurrent Offering”) concurrent with the Company’s initial public offering pursuant to a
registration statement on Form S-1 (Registration No. 333-124971), as amended, including any prospectuses (“Prospectus”) and any and all exhibits and other documents relating thereto (the “Registration Statement”), on the
terms and conditions set forth herein; 
  
 WHEREAS, the Company
and the Participating Stockholder are entering into this Agreement to provide for the issuance, purchase and sale of the Subscription Shares; and 
  
 WHEREAS, the Company will enter into an underwriting agreement (the “Underwriting Agreement”) with Deutsche Bank Securities Inc. as
representative of the several underwriters named therein (the “Underwriters”) simultaneously with the execution of this Agreement; 
  
 NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
  
 1. Purchase of the Subscription Shares. The Company agrees to issue and sell the Subscription Shares to the Participating Stockholder as provided
in this Agreement, and the Participating Stockholder, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees to purchase the Subscription Shares at a price per share of
$                 (the “Purchase Price”). The Company and the Participating Stockholder acknowledge and agree that no Underwriter (i) has provided
any services to the Company or the Participating Stockholder as to the structure or implementation of the Concurrent Offering; (ii) has arranged or otherwise participated in the Participating Stockholder’s purchase of the Subscription
Shares from the Company; or (iii) will receive any compensation in connection with the Participating Stockholder’s purchase of the Subscription Shares. 
  
 2. Payment for the Subscription Shares. Upon the execution of this Agreement, the Participating Stockholder shall pay
the aggregate Purchase Price into an escrow account (the “Escrow Account”) with                 , as escrow agent, in accordance with an escrow agreement in
the form attached hereto as Exhibit A (the “Escrow Agreement”). All funds deposited with the 

 
escrow agent shall be held and disbursed in accordance with the terms of such Escrow Agreement. 
  
 3. Representations and Warranties of the Company. The Company hereby represents and warrants to the Participating
Stockholder that each of the Company’s representations and warranties contained in the Underwriting Agreement is true and correct on the date hereof and that: 
  
 (a) Due Authorization. The Company has full right, power and authority to execute and deliver this
Agreement and to perform its obligations hereunder; and all action required to be taken for the due and proper authorization, execution and delivery by it of this Agreement and the consummation by it of the transactions contemplated hereby has been
duly and validly taken. 
  
 (b) Subscription
Agreement. This Agreement has been duly authorized, executed and delivered by the Company and is a binding agreement. 
  
 (c) Concurrent Offering. The Company has full right, power and authority to make the Concurrent Offering and to perform its
obligations thereunder; and all action required to be taken for the due and proper authorization of the Concurrent Offering and the consummation by it of the transactions contemplated thereby has been duly and validly taken. The Concurrent Offering
conforms, and will conform, in all material respects to the requirements of the Securities Act. 
  
 (d) The Subscription Shares. The Subscription Shares have been duly authorized by the Company and, when issued and delivered and
paid for as provided herein, will be duly and validly issued and will be fully paid and nonassessable and will conform to the descriptions thereof in the Prospectus; and the issuance of the Subscription Shares is not subject to any preemptive or
similar rights. 
  
 4. Further Agreements of the Company.
The Company covenants and agrees with the Participating Stockholder that: 
  
 (a) Effectiveness of the Registration Statement. The Company will file the final Prospectus with the Securities and Exchange Commission within the time periods specified by Rule 424(b) and Rule 430A under the
Securities Act. 
  
 (b) Delivery of Copies.
The Company will deliver to the Participating Stockholder, without charge, a copy of the final Prospectus prior to the Closing Date. 
  
 (c) Other Agreements. Concurrently with the execution of this Agreement, the Company and the Underwriters shall execute and deliver
the Underwriting Agreement, and the Company shall execute and deliver a subscription agreement in form and substance substantially identical hereto with another individual stockholder of the Company. 
  
 5. Capacity of the Participating Stockholder. The Participating
Stockholder hereby represents and warrants that he has full right and capacity to execute and deliver this Agreement and the Escrow Agreement and to perform his obligations hereunder and thereunder; and all 

  

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action required to be taken for the due and proper execution and delivery by it of this Agreement and the Escrow Agreement and the consummation by him of the
transactions contemplated hereby and thereby has been duly and validly taken. 
  
 6. Conditions of Participating Stockholder’s Obligations. The obligation of the Participating Stockholder to purchase the Subscription Shares on the Closing Date is subject to the consummation of the
transactions contemplated by the Underwriting Agreement. 
  
 7.
Effectiveness of Agreement. This Agreement shall become effective upon the later of (i) the execution and delivery hereof by the parties hereto and (ii) receipt by the Company and the Participating Stockholder of notice of the
effectiveness of the Registration Statement (or, if applicable, any post-effective amendment thereto). 
  
 8. Termination. This Agreement shall be terminated without any further action in the event that the Underwriting Agreement has not been consummated
as of the Closing Date, and neither the Company nor the Participating Stockholder shall have any further obligations hereunder (except to the extent provided in Section 9 hereof). 
  
 9. Payment of Expenses. Whether or not the transactions contemplated by this Agreement are consummated or this
Agreement is terminated, each party shall pay its own respective expenses incurred in connection with this Agreement and the transactions contemplated hereunder. 
  
 10. Persons Entitled to Benefit of Agreement. This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective successors. Nothing in this Agreement is intended or shall be construed to give any other person any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained
herein. Nothing in this Agreement is intended or shall be construed to give the Participating Stockholder any legal or equitable right, remedy or claim under or in respect of the Underwriting Agreement or any provision contained therein. 

 
 11. Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York. 
  
 12. Counterparts. This Agreement may be signed in counterparts (which may include counterparts delivered by any standard form of telecommunication), each of which shall be an original and all of which together shall constitute one
and the same instrument. 
  
 13. Amendments or Waivers. No
amendment or waiver of any provision of this Agreement, nor any consent or approval to any departure therefrom, shall in any event be effective unless the same shall be in writing and signed by the parties hereto. 
  
 14. Headings. The headings herein are included for convenience of
reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Agreement. 
  
 *        *        * 
  

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

			
	COMPANY:
	
	CBEYOND COMMUNICATIONS, INC.
		
	By:	 	  

	Name:	 	 
	Title:	 	 
	
	PARTICIPATING STOCKHOLDER:Amendment No. 6 to Amended and Restated Loan and Security agreement

 EXHIBIT 10.59 
  
 AMENDMENT NO. 6 TO AMENDED AND RESTATED 
 LOAN AND SECURITY AGREEMENT 
  
 THIS AMENDMENT NO. 6 TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Amendment”) is made as of September 28, 2005, between The CIT Group/Equipment Financing, Inc. (“Secured
Party”) and Resorts International Hotel, Inc. (“Debtor”). 
  
 PRELIMINARY STATEMENTS 
  
 A. Pursuant to the Amended and Restated Loan and Security Agreement dated as of June 24, 2002 (as may be further amended, supplemented or modified from time to time, the “Loan Agreement”), by
and between Debtor and Secured Party, Secured Party agreed to make certain Loans to Debtor upon the terms and conditions set forth therein. 
  
 B. Debtor and Secured Party desire to make certain amendments to the Loan Agreement, based on the terms and subject to the conditions set forth herein.

  
 NOW, THEREFORE, in consideration of the premises and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Debtor and Secured Party agree as follows: 
  
 1. Capitalized terms used in this Amendment shall have the same meanings given them in the Loan Agreement, unless otherwise defined herein. 
  
 2. The first sentence of Section 7.5 of the Loan Agreement is hereby amended
and restated in its entirety to read as follows: 
  
 “From
the period beginning on the date hereof through the date on which all principal and interest on all Loans are indefeasibly paid in full, fail to maintain for the Debtor Group on a consolidated basis a minimum fixed charge coverage
(“Minimum Fixed Charge Covenant”) of the following: 
  

			
	 Rolling 4 Quarters Ending:

	  	Minimum Fixed Charge

	 Inception through 12/31/03
	  	1.00:1.0
	 03/31/04
	  	1.00:1.0
	 06/30/04
	  	1.00:1.0
	 09/30/04
	  	1.00:1.0
	 12/31/04
	  	1.00:1.0
	 03/31/05
	  	1.00:1.0
	 06/30/05
	  	1.00:1.0
	 09/30/05
	  	1.05:1.0
	 12/31/05
	  	1.10:1.0
	 03/31/06
	  	1.10:1.0
	 06/30/06
	  	1.10:1.0
	 09/30/06
	  	1.10:1.0
	 12/31/06
	  	1.10:1.0
	 03/31/07
	  	1.15:1.0
	 06/30/07
	  	1.15:1.0
	 09/30/07
	  	1.15:1.0
	 12/31/07
	  	1.15:1.0
	 03/31/08 and thereafter
	  	1.20:1.0

  
  

 3. Section 7.6 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  
 “7.6 Maximum Senior
Indebtedness/EBITDA. From the period beginning on the date hereof through the date on which all principal and interest on all Loans are indefeasibly paid in full, fail to maintain a ratio, as determined on a Debtor Group consolidated basis,
between Senior Debt and EBITDA (“Senior Debt/EBITDA Maximum Leverage Covenant”) that does not exceed the following: 
  

			
	 Rolling 4 Quarters Ending:

	  	Maximum Leverage Ratio

	 Inception through 12/31/03
	  	6.75:1.0
	 03/31/04
	  	6.75:1.0
	 06/30/04
	  	7.75:1.0
	 09/30/04
	  	6.75:1.0
	 12/31/04
	  	6.25:1.0
	 03/31/05
	  	6.50:1.0
	 06/30/05
	  	5.75:1.0
	 09/30/05
	  	5.75:1.0
	 12/31/05
	  	5.50:1.0
	 03/31/06
	  	5.25:1.0
	 06/30/06
	  	5.25:1.0
	 09/30/06
	  	5.00:1.0
	 12/31/06
	  	5.00:1.0
	 03/31/07
	  	5.00:1.0
	 06/30/07
	  	5.00:1.0
	 09/30/07
	  	4.75:1.0
	 12/31/07
	  	4.50:1.0
	 03/31/08
	  	4.50:1.0
	 06/30/08 and thereafter
	  	4.25:1.0

  
 4. Pursuant to Section
15.7(a) of the Loan Agreement Debtor agrees to pay all the reasonable legal fees and expenses incurred by Secured Party in connection with the negotiation, preparation, execution and delivery of this Amendment (the “Relevant Legal Fees”).
Accordingly, upon receipt by Debtor of an invoice for the Relevant Legal Fees from Secured Party’s counsel, Sills Cummis Epstein & Gross, PC, Debtor shall pay the same. 
  
 5. In order to induce Secured Party to enter into this Amendment, Debtor hereby represents and warrants that: 
  
 (a) Except as set forth herein, no Event of Default has occurred and is
continuing or will occur after giving effect to the transactions contemplated by this Amendment. 
  
 (b) this Amendment has been duly authorized, executed and delivered by Debtor and constitutes its legal, valid and binding obligation, enforceable in
accordance with its terms; 
  
 (c) the Loan Agreement and each of
the Relevant Documents, after giving effect to this Amendment and the transactions contemplated hereby, continue to be in full force and effect and to constitute the legal, valid and binding obligations of Debtor, enforceable against Debtor in
accordance with their respective terms; and 

 (d) the representations and warranties made by Debtor in or pursuant to the Loan Agreement or any
Relevant Document, or which are contained in any certificate, document or financial or other statement furnished at any time under or in connection herewith or therewith, are true and correct in all material respects on and as of the date hereof, as
though made on and as of such date. 
  
 6. This Amendment shall
become effective as of the date hereof assuming receipt by Secured Party of (a) four (4) originals of this Amendment executed by each member of the Debtor Group party hereto and an original of this Amendment executed by Secured Party; (b) such other
documents, instruments and certificates as Secured Party may reasonably request, in form and substance reasonably satisfactory to Secured Party (including, without limitation, incumbency certificates, UCC-1 financing statements, UCC, judgment and
tax lien searches, charter documents and certificates of good standing); and (c) payment of the Relevant Legal Fees, and (d) payment to the Secured Party of an amendment fee equal to the outstanding principal balance of the Loan as at the date
hereof multiplied by .0025. 
  
 7. Debtor hereby confirms that all
liens granted on the Collateral shall continue unimpaired and in full force and effect. 
  
 8. This Amendment may be executed in several counterparts, each of which, when executed and delivered, shall be deemed an original, and all of which together shall constitute one agreement. Any signature delivered by
a party by facsimile transmission shall be deemed to be an original signature hereto. 
  
 9. This Amendment shall be governed by and construed in accordance with the laws of the State of New Jersey without giving effect to principles of conflicts of law. This Amendment shall be binding upon and inure to
the benefit of Debtor, Secured Party, and their respective successors and permitted assigns. 
  
 10. From and after the effectiveness hereof, all references to the Loan Agreement in the Loan Agreement or in any Relevant Document shall mean the Loan Agreement as amended and modified by this Amendment. 

 
 11. Except as amended and otherwise modified by this Amendment, the Loan
Agreement and the Relevant Documents shall remain in full force and effect in accordance with their respective terms and are hereby ratified and affirmed by Borrower. Except as expressly provided herein, this Amendment shall not constitute an
amendment, waiver, consent or release with respect to any provision of the Loan Agreement or any Relevant Document, a waiver of any Event of Default thereunder, or a waiver or release of any of Secured Party’s rights or remedies (all of which
are hereby reserved). Debtor expressly ratifies and confirms the waiver of jury trial and other provisions of Section 15.2 of the Loan Agreement. 
  
 [NO FURTHER TEXT ON THIS PAGE: SIGNATURE PAGES FOLLOW] 

 IN WITNESS WHEREOF, the Parties have caused this Amendment to be duly executed, all as of the day and
year first above written. 
  

			
	Debtor:
	
	Resorts International Hotel, Inc.
		
	By:	 	 /s/ Audrey S. Oswell

	Name/Title:	 	Audrey S. Oswell
	 	 	President/Chief Executive Officer
	
	Secured Party:
	
	The CIT Group/Equipment Financing, Inc.
		
	By:	 	 /s/ Steven K. Reedy

	Name/Title:	 	Steven K. Reedy
	 	 	Vice President

  
 The undersigned
consents to the above amendment and also affirms and agrees that (i) its obligations under the Guaranty and Suretyship Agreement, dated June 24, 2002, for the benefit of Secured Party shall be unimpaired by this Amendment and (ii) such obligations
remain unaltered and in full force and effect and are hereby ratified and confirmed. 
  
 IN WITNESS WHEREOF, the undersigned has caused this Amendment to be duly executed, all as of the day and year first above written. 
  

			
	Guarantor:
	
	Resorts International Hotel and Casino, Inc.
		
	By:	 	 /s/ Audrey S. Oswell

	Name/Title:	 	Audrey S. Oswell
	 	 	President/Chief Executive Officer

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