Document:

Exhibit 10.2

 

Amended and Restated Accellent Inc.

(formerly UTI
Corporation, and formerly MDMI Holdings, Inc.)

2000 Stock Option and Incentive Plan

Incentive Stock Option Agreement

 

Option
Number:

 

Grant
Date:

 

Stock
Option Exercise Price:

 

Last
Date to Exercise:  (1)

 

Number
of Shares of Common Stock

Covered
by Grant of Options:

 

 

We are
pleased to inform you that the Board of Directors (the “Board”) has granted you
an option to purchase common stock, par value $0.01 per share (“Stock”) of Accellent
Inc., a Maryland corporation (the “Company”). 
Your grant has been made under the Amended and Restated Accellent Inc.
2000 Stock Option and Incentive Plan (the “Plan”), which, together with the
terms contained in this Agreement, sets forth the terms and conditions of your
grant and is incorporated herein by reference. 
A copy of the Plan is attached. 
Please review it carefully.  If
any provisions of the Agreement should appear to be inconsistent with the Plan,
the Plan will control.

 

 

	
   

  	
   

  	
  This
  stock option grant has been executed and delivered effective as of
                          
  on behalf of Accellent Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

	
  ACCEPTED
  AND AGREED TO:

  

 

(1)   Certain events can cause an earlier
termination of the Option.  See “Exercise”
below.

 

This is not a stock certificate or a negotiable
instrument.  Non-Transferable.

 

1

 

1.
Vesting:

Subject to the terms of
the Plan, the Option becomes vested as to 20% of the shares of Stock
purchasable pursuant to the Option on the first anniversary of date of grant of
the Option, if you have been providing services to the Company or an affiliate
continuously from the Option’s date of grant to the first anniversary of the
date of grant (the “Anniversary Date”) and, so long as continuous provision of
services has not been interrupted, the Option becomes vested as to an
additional 20% of the shares of Stock subject to the Option on each of the next
four (4) Anniversary Dates.

 

Upon the completion of an
Initial Public Offering (as defined below), the Option becomes immediately
vested as to 100% of the shares of Stock purchasable pursuant to the Option.  For the purposes of this Agreement, the term “Initial
Public Offering” shall mean the closing of a firm commitment underwritten
initial public offering of Stock of the Company that is effected pursuant to a
registration statement filed and declared effective by the Securities and
Exchange Commission (or any successor thereof) under the Securities Act of
1933, as amended, and the rules and regulations promulgated thereunder.

 

Section 18 of the
Plan contains a description of certain events involving a Change of Control of
the Company which may cause vesting of your grant to accelerate.  Notwithstanding any other provision contained
in the Plan to the contrary, the exceptions in the last sentence of Section 18.3
of the Plan shall not be applicable to the Option if the Option becomes
immediately vested as to 100% of the shares of Stock purchasable pursuant to
the Option under the first sentence of Section 18.3 upon a Change of
Control as defined in Plan Sections 2.5(ii) and (iii).

 

2.
Exercise:

You
may exercise this Option, in whole or in part, to purchase a whole number of
vested shares of not less than 100 shares, unless the number of shares
purchased is the total number available for purchase under the Option, by
following the exercise procedures as set forth in the Plan.  All exercises must take place before the Last
Date to Exercise, or such earlier date following your death, disability or your ceasing to provide services as described below under “Service
Requirements.”  The number of shares you
may purchase as of any date cannot exceed the total number of shares vested by
that date, less any shares you have previously acquired by exercising this
Option.  Section 18 of the Plan
provides a description of certain events involving a change in control of the
Company that may cause your Option to terminate before the Last Date to
Exercise.

 

3.
Service Requirements:

If you
cease to provide services to the Company or its affiliates for a reason other
than your death or permanent and total disability, all further vesting of
shares under this grant stops, all unvested shares are canceled, and you will
have ninety (90) days after your provision of services ceases to exercise your
vested options (unless your services are terminated for “Cause”).  In the event you cease to provide services to
the Company or its affiliates because of your death or permanent and total
disability, you or your estate will have a period of one year to exercise this
Option to the extent the Option was vested and otherwise exercisable at the
time of your death or permanent and total disability.  Your Option will terminate upon termination
of your services for Cause, or if earlier, upon your receipt of notice that the
Company or any of its affiliates has terminated your services for Cause.  Cause means, as determined by the Board and
unless otherwise provided in an applicable employment agreement with the
Company or any of its affiliates, (i) gross negligence or willful
misconduct in connection with the performance of duties; (ii) conviction
of a criminal offense (other than minor traffic offenses); or (iii) material
breach of any term of any employment, consulting or other services,
confidentiality, intellectual property or non-competition agreements, if any,
between you and the Company or any of its affiliates.  The Board shall have the authority, in its
sole discretion, to determine if you have ceased to provide services to the
Company or its affiliates.

 

4. Taxes
and Withholding:

This
Option shall constitute an Incentive Stock Option within the meaning of Section 422
of the Internal Revenue Code of 1986, as amended.  In the event that the Company or any of its
affiliates determines that any federal, state, local or foreign tax or
withholding payment is required relating to the exercise or sale of shares
arising from this grant, the Company shall have the right to require such
payments from you, or withhold such amounts from other payments due to you from
the Company or an affiliate.

 

5.
Non-transferability:

a. General.  During your lifetime, only you (or, in the
event of your legal incapacity or incompetency, your guardian or legal
representative) may exercise the Option and no Option shall be assignable or
transferable by you, other than by will or the laws of descent and
distribution.

 

b. Right of
First Refusal.  You (or such
other individual who is entitled to exercise an Option) may not sell, pledge,
assign, gift, transfer, or otherwise dispose of any shares of Stock acquired
pursuant to an Option to any person or entity without first offering such
shares to the Company for purchase on the same terms and conditions as those
offered the proposed transferee.  The Company
may assign its right of first refusal under this Section 5(b) in
whole or in part, to (1)

 

2

 

any
holder of stock or other securities of the Company (a “Stockholder”), (2) any
affiliate or (3) any other person or entity that the Board determines has
a sufficient relationship with or interest in the Company.  The Company shall give reasonable written
notice to you of any such assignment of its rights.  The restrictions of this Section 5(b) re-apply
to any person to whom Stock that was originally acquired pursuant to an Option
is sold, pledged, assigned, bequeathed, gifted, transferred or otherwise
disposed of, without regard to the number of such subsequent transferees or the
manner in which they acquire the Stock, but the restrictions of this Section 5(b) do not apply to a transfer of Stock
that occurs as a result of your death or the death of any subsequent transferee
(but shall apply to the executor, the administrator or personal representative,
the estate, and the legatees, beneficiaries and assigns thereof).  Notwithstanding the foregoing, prior to such
time that the Company is subject to the reporting requirements under the
Securities Exchange Act of 1934, as amended, you (or such other individual who
is entitled to exercise an Option) may not sell, pledge, assign, gift,
transfer, or otherwise dispose of any shares of Stock acquired pursuant to an
Option to any person or entity other than (1) to the Company, (2) in
the event of your death, pursuant to the laws of testate or intestate
succession or (3) in the event of your total and permanent disability, to
your representative.

 

c. Repurchase Rights.  Upon the termination of your employment or
other relationship with the Company or an affiliate, the Company shall have the
right, for a period of up to twelve months following such termination, to
repurchase any or all of the shares acquired by you or your transferee pursuant
to this Option (including shares that were previously transferred pursuant to Sections 5(b) above), at a price equal to the fair
market value of such shares on the date of termination. Upon the exercise of an
Option following termination of your employment or other relationship with the
Company or an affiliate, the Company shall have the right, for a period of up
to twelve months following such exercise, to repurchase any or all such shares
of Stock acquired by you pursuant to such exercise of such Option at a price
that is equal to the fair market value of such shares (including shares that
were previously transferred pursuant to Section 5(b) above)
on the date of exercise.  In the event
that the Company determines that it cannot or will not exercise its rights to
purchase Stock under this Section 5(b),
in whole or in part, the Company may assign its rights, in whole or in part, to
(1) any Stockholder, (2) any affiliate or (3) any other person
or entity that the Board determines has a sufficient relationship with or
interest in the Company.  The Company
shall give reasonable written notice to the individual of any assignment of its
rights.

 

d. Installment Payments.  In the case of any
purchase of Stock under this Section 5,
at the option of the Company or its permitted assignee, the Company or its
permitted assignee may pay you, the transferee of the Option or other
registered owner of the Stock the purchase price in three or fewer annual
installments.  Interest shall be credited
on the installments at the applicable federal rate (as determined for purposes
of Section 1274 of the Code) in effect on the date on which the purchase
is made.  The Company or its permitted
assignee shall pay at least one-third of the total purchase price each year,
plus interest on the unpaid balance, with the first payment being made on or
before the 60th day after the purchase.

 

e. Publicly Traded Stock.  If the Stock is listed on an established
national or regional stock exchange or is admitted to quotation on the National
Association of Securities Dealers Automated Quotation System, or is publicly
traded in an established securities market, the foregoing transfer restrictions
of Sections 5(b) and 5(c) shall terminate as of the first date that the
Stock is so listed, quoted or publicly traded.

 

6. Market
Standoff Agreement:

In
connection with the initial public offering of the Company’s securities and
upon request of the Company or the underwriters managing such underwritten
offering of the Company’s securities, you (or your transferee) agree not to
sell, make any short sale of, loan, grant any option for the purchase of, or
otherwise dispose of any shares of Stock acquired pursuant to this Option
(other than those included in the registration) without the prior written
consent of the Company or such underwriters, as the case may be, for such
period of time (not to exceed 180 days) from the effective date of such
registration as may be requested by the Company or such managing underwriters
and to execute an agreement reflecting the foregoing as may be requested by the
underwriters at the time of the Company’s initial public offering.

 

7.
Forfeiture of Rights:

If you should take
actions in competition with the Company, the Company shall have the right to
cause a forfeiture of your rights, including, but not limited to, the right to
cause you to forfeit: (i) any outstanding Option, and (ii) any gain
recognized by you upon the exercise of an Option during the period commencing
twelve (12) months prior to your termination of employment or other
relationship with the Company due to taking actions in competition with the Company
and ending twelve (12) months following such termination of employment or other
relationship.  Unless otherwise specified
in an employment or other agreement between the Company and you, you take
actions in competition with the Company if you directly or indirectly, own,
manage, operate, join or control, or participate in the ownership, management,
operation or control of, or are a proprietor, director, officer, stockholder,
member, partner or an employee or agent of, or a consultant to any business,
firm, corporation, partnership or other entity which competes with any business
in which the

 

3

 

Company or any of
its affiliates is engaged during your employment or other relationship with the
Company or its affiliates or at the time of your termination of employment or
other relationship.

 

* * *

 

4Exhibit 10.1

 

SEVENTH AMENDMENT TO CREDIT AGREEMENT

 

THIS
SEVENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made and entered
into as of June 27, 2005, by and among SUPERIOR
ESSEX COMMUNICATIONS L.P., a Delaware limited partnership (“Superior”),
ESSEX GROUP, INC., a Michigan
corporation (“Essex”) (Superior and Essex being referred to collectively as “Borrowers,”
and individually as a “Borrower”); various financial institutions (“Lenders”); FLEET CAPITAL CORPORATION, a Rhode Island
corporation with an office at 300 Galleria Parkway, Suite 800, Atlanta,
Georgia  30339, in its capacity as
collateral and administrative agent for the Lenders (together with its
successors and assigns in such capacity, “Administrative Agent”); and GENERAL ELECTRIC CAPITAL CORPORATION, a
Delaware corporation, in its capacity as syndication agent for the Lenders
(together with its successors in such capacity, “Syndication Agent”;
Administrative Agent and Syndication Agent are each hereafter referred to from
time to time individually as an “Agent” and collectively as “Agents”).

 

Recitals:

 

Borrowers,
Lenders and Agents are parties to a certain Credit Agreement, dated November 10,
2003, as amended by that certain First Amendment to Credit Agreement dated February 20,
2004, that certain Second Amendment to Credit Agreement dated March 18,
2004, that certain Third Amendment to Credit Agreement and Consent to Specific
Transactions dated as of April 2, 2004, that certain Fourth Amendment to
Credit Agreement dated April 30, 2004, that certain Fifth Amendment to
Credit Agreement and Consent to Specific Transactions dated June 16, 2004 and
that certain Sixth Amendment to Credit Agreement dated March 11, 2005 (as
at any time amended, restated or otherwise modified, the “Credit Agreement”),
pursuant to which Lenders have made certain revolving credit loans and other
extensions of credit to Borrowers.

 

Borrowers
have requested that Agents and Lenders amend the definitions of “Consigned
Inventory Conditions”, “Eligible Consignee”, “Inventory Formula Amount” and “Permitted
Consigned Inventory” under the Credit Agreement as set forth herein.  Agents and Lenders are willing to amend such
definitions and consent to certain other amendments contained herein, subject
to the terms and conditions contained herein.

 

NOW,
THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good and valuable
consideration, the receipt and sufficiency of which are hereby severally
acknowledged, the parties hereto, intending to be legally bound hereby, agree
as follows:

 

1.                                      Definitions.  All
capitalized terms used in this Amendment, unless otherwise defined herein,
shall have the meaning ascribed to such terms in the Credit Agreement.

 

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

 

(a)                                  By adding to the end of Section 9.1.15
the following sentence:

 

Essex shall, promptly after creation of SE Holding, C.V., pledge to
Administrative Agent 66% of the Equity Interests held by Essex in such Foreign
Venture Investment as required by the definition of Foreign Venture Investment.

 

 

(b)                                 By deleting the “and” immediately preceding
clause (vi) of Section 9.2.4 and by adding the following to the end
of the first sentence of Section 9.2.4:

 

; (vii) transactions pursuant to which a
Borrower or a Subsidiary licenses intellectual property of such Borrower or
such Subsidiary to any Foreign Venture Investment; and (viii) transactions
pursuant to which a Borrower or a Subsidiary (A) sells, assigns or
otherwise transfers Equipment having a book value not to exceed $5,000,000 in
the aggregate to SE Holding, C.V. or any of its subsidiaries, or (B) sells
Inventory in the Ordinary Course of Business to SE Holding, C.V. or any of its
subsidiaries

 

(c)                                  By deleting the definition of “Consigned
Inventory Conditions” in its entirety and substituting the following in lieu
thereof:

 

Consigned Inventory Conditions – the following conditions:  (i) the Inventory is owned by a
Borrower, (ii) the Inventory has been consigned to an Eligible Consignee, (iii) the
Inventory is located at a location in (A) in the United States at a
location set forth on Schedule 7.1.1
or (B) in Canada (other than in the Province of Quebec) at a location set
forth on Schedule 7.1.1, and (iv) the
Inventory would otherwise constitute Eligible Inventory if it were not
Consigned Inventory.

 

(d)                                 By deleting the definition of “Eligible
Consignee” in its entirety and substituting the following in lieu thereof:

 

Eligible Consignee - a consignee which Administrative Agent, in
its reasonable credit judgment, deems to be an eligible consignee.  Without limiting the generality of the
foregoing, no consignee will be an Eligible Consignee unless:  (i) such consignee shall have executed a
consignment agreement, which has been assigned to Administrative Agent and is
otherwise in form and scope acceptable to Administrative Agent, granting
the applicable Borrower and its assigns a security interest under the UCC or
the PPSA, as applicable, in all Consigned Inventory that is consigned by such
Borrower to such consignee, together with the cash and non-cash proceeds
thereof; (ii) consignee and such Borrower shall have executed or otherwise
authorized the filing of financing statements under the UCC or the PPSA, as
applicable, in each case in form acceptable to Administrative Agent, based upon
the requirements of the filing jurisdiction, naming such consignee as debtor
and such Borrower as secured party (and, if requested by Administrative Agent,
naming Administrative Agent as assignee), covering the Consigned Inventory and the
proceeds thereof; such financing statement shall have been filed of record in
all appropriate filing locations for the perfection of a first priority
security interest in such Consigned Inventory and the identifiable proceeds
thereof, and, after filing of such financing statements, such Borrower shall
have conducted searches of all filings made against such consignee in such
filing offices and taken such other action as Administrative Agent may
reasonably request, including notification pursuant to Section 9-324
of the UCC (or similar applicable provisions under the PPSA, if applicable)
to each holder of a conflicting Lien in such Consigned Inventory, which shall
confirm that the security interest in the Consigned Inventory in favor of such
Borrower that such Borrower has assigned to Administrative Agent, together with
the identifiable proceeds thereof, is and shall be a first priority purchase
money security interest; (iii) if requested by Administrative Agent,
Administrative Agent shall have received copies of the consignment agreement,
the filed financing statements under the UCC and the PPSA, as applicable, and
the UCC and the PPSA searches referred to in clauses (i) and (ii) 

 

2

 

above,
and such other instruments, documents, certificates, opinions or assurances
reasonably requested, and such Borrower shall have taken such other action
as Administrative Agent may have reasonably requested in connection with the
consignee; (iv) such consignee shall maintain the Consigned Inventory at a
location set forth on Schedule 7.1.1;
and (v) the creditworthiness of such consignee is acceptable to
Administrative Agent, in Administrative Agent’s reasonable credit judgment.

 

(e)                                  By deleting the definition of “Inventory
Formula Amount” in its entirety and substituting the following in lieu thereof:

 

Inventory Formula Amount - on any date of determination thereof, an
amount equal to the lesser of (a) $70,000,000 or (b) the lesser of (A) 65%
of the Value of Eligible Inventory on such date consisting of raw
materials, work in process and finished goods and (B) the product of 85%
multiplied by the Net Orderly Liquidation Value Percentage multiplied by the
Value of Eligible Inventory on such date consisting of raw materials, work
in process and finished goods; provided, that in no event shall the
aggregate outstanding amount of Revolver Loans measured at any time by the
Value of Eligible Inventory that is Consigned Inventory located within the
United States or Canada (other than the Province of Quebec), and that satisfies
the Consigned Inventory Conditions, exceed the lesser of (Y) $30,000,000 and
(Z) 20% of the Inventory Formula Amount at any date of determination.  Administrative Agent shall have the right at
any time to decrease the advance rate percentage in its reasonable credit
judgment; provided, that any such decrease in the advance rate
percentages shall not be effective until 3 Business Days after written notice
thereof is provided to Borrowers by Administrative Agent.

 

(f)                                    By deleting the definition of “Permitted
Consigned Inventory” in its entirety and substituting the following in lieu
thereof:

 

Permitted Consigned Inventory
- Consigned Inventory, (i) the Value of which shall not exceed $50,000,000
in the aggregate at any time, and (ii) which is the subject of a properly
filed financing statement under the UCC or the PPSA, as applicable, in favor of
a Borrower with respect to such Consigned Inventory; provided, that
Borrowers may maintain Consigned Inventory, the Value of which shall not exceed
$25,000,000 in the aggregate at any time, which does not satisfy the
requirement specified in clause (ii) hereof.

 

(g)                                 By deleting the definition of “Subsidiary” in
its entirety and substituting the following in lieu thereof:

 

Subsidiary – any Person in which more than 50% of its outstanding Voting
Securities or more that 50% of all Equity Interests is owned directly or
indirectly by a Borrower, by one or more Subsidiaries of such Borrower or by a
Borrower and one or more other Subsidiaries; provided, however, that
neither SE Holding, C.V. nor any of its subsidiaries shall be deemed a
Subsidiary.

 

(g)                                 By adding at the appropriate alphabetical
position the definition of “PPSA” as follows:

 

PPSA - the Personal Property Security Act as in effect from time to time in
any Province of Canada (other than the Province of Quebec, Canada), and all
regulations thereunder, as amended from time to time, and any successor
legislation.

 

3

 

3.                                      Foreign Venture Investment.  Borrowers have informed Administrative Agent
that they intend to make Foreign Venture Investments in an amount of up to
$30,000,000 solely for their account and which otherwise comply with the
limitations on Foreign Venture Investments set forth in the Credit Agreement,
with the legal structure of such investments to be substantially in accordance
with the company structure chart delivered to Administrative Agent and its
counsel on or about April 11, 2005 (the “Chart”).  Administrative Agent and the Lenders acknowledge
that (a) such investments, to the extent consistent with the terms so
delivered to Administrative Agent, shall constitute Foreign Venture Investments
for purposes of the Credit Agreement and (b) Essex is forming Superior
China Magnet Wire GP Inc. (indicated on the Chart to be “Texas Partner”), SE
Holding, C.V. (indicated on the Chart to be “DutchCV”), Superior Essex Group
Mauritius, Ltd. (indicated on the Chart to be “Mauritius”), and Essex Magnet
Wire (Suzhou) Ltd. (indicated on the Chart to be “Essex Suzhou”).

 

4.                                      Consent.  Notwithstanding
anything in the Credit Agreement to the contrary, Agents and Lenders hereby
consent to all failures of Borrowers to comply with Sections 7.1.1 and 7.3.3 of
the Credit Agreement as a result of the definition of “Permitted Consigned
Inventory” in effect prior to the effectiveness of this Amendment.

 

5.                                      Ratification and
Reaffirmation.  Each Borrower hereby ratifies and reaffirms
the Obligations, each of the Loan Documents and all of such Borrower’s
covenants, duties, indebtedness and liabilities under the Loan Documents.

 

6.                                      Acknowledgments and
Stipulations.  Each Borrower acknowledges and stipulates
that the Credit Agreement and the other Loan Documents executed by Borrowers
are legal, valid and binding obligations of Borrowers that are enforceable
against Borrowers in accordance with the terms thereof; all of the Obligations
are owing and payable without defense, offset or counterclaim (and to the
extent there exists any such defense, offset or counterclaim on the date
hereof, the same is hereby waived by each Borrower); the security interests and
liens granted by Borrowers in favor of Administrative Agent, for the benefit of
itself and Lenders, are duly perfected, first priority security interests and
liens; and the unpaid principal amount of the Loans and LC Outstandings on and
as of June 27, 2005, totaled $44,411,496.00.

 

7.                                      Representations and
Warranties.  Each Borrower represents and warrants to
Agents and Lenders, to induce Agents and Lenders to enter into this Amendment, that
(a) after giving effect to this Amendment, no Default or Event of Default
exists on the date hereof; (b) the execution, delivery and performance of
this Amendment have been duly authorized by all requisite company action on the
part of each Borrower and this Amendment has been duly executed and delivered
by each Borrower; and (c) all of the representations and warranties made
by Borrowers in the Credit Agreement are true and correct, in all material
respects, on and as of the date hereof, except those representations and
warranties made as of a specific date in which such case such representations
and warranties were true and correct as of such date.

 

8.                                      Reference to Credit
Agreement.  Upon the effectiveness of this Amendment,
each reference in the Credit Agreement to “this Agreement,” “hereunder,” or
words of like import shall mean and be a reference to the Credit Agreement, as
amended by this Amendment.

 

9.                                      Breach of Amendment.  This
Amendment shall be part of the Credit Agreement and a breach of any
representation, warranty or covenant herein shall constitute an Event of
Default.

 

10.                               Conditions Precedent.  The effectiveness of the amendments contained in Section 2 hereof
are subject to the satisfaction of each of the following conditions precedent,
in form and substance satisfactory to Administrative Agent, unless satisfaction
thereof is specifically waived in writing by Administrative Agent:

 

4

 

(a)                                  Administrative Agent shall have received a
duly executed counterpart of this Amendment from Borrowers, together with (i) a
Consent and Reaffirmation duly signed by the Guarantors, (ii) a
certificate of resolutions from each Borrower authorizing this Amendment and the
other documents referenced herein and (iii) such additional documents,
instruments and certificates as Agents and Lenders shall require in connection herewith;
and

 

(b)                                 Administrative Agent shall have received from
the Borrowers an amended Schedule 7.1.1 that reflects each of the business
locations where tangible items of Collateral, other than Inventory in transit,
of the Borrowers is or may be kept as of the date hereof.

 

11.                               Effective Date.  
Notwithstanding the effective date of any other provision of this
Amendment, the provisions set forth in Section 2 of this Amendment shall
be deemed to have been effective as of January 31, 2005.

 

12.                               Expenses of Agents. 
Borrowers agree to pay, on demand,
all costs and expenses incurred by Agents in connection with the preparation,
negotiation and execution of this Amendment and any other Loan Documents
executed pursuant hereto and any and all amendments, modifications, and
supplements thereto, including, without limitation, the reasonable costs and
fees of Agents’ legal counsel and any taxes or expenses associated with or
incurred in connection with any instrument or agreement referred to herein or
contemplated hereby.

 

13.                               Miscellaneous.  This
Amendment shall be effective upon acceptance by Agents and Lenders, whereupon
the same shall be governed by and construed in accordance with the internal
laws of the State of Georgia.  This
Amendment shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns. 
This Amendment may be executed in any number of counterparts and by
different parties to this Amendment on separate counterparts, each of which,
when so executed, shall be deemed an original, but all such counterparts shall
constitute one and the same agreement. 
Any signature delivered by a party by facsimile transmission shall be
deemed to be an original signature hereto. 
Section titles and references used in this Amendment shall be
without substantive meaning or content of any kind whatsoever and are not a
part of the agreements among the parties hereto.

 

14.                               No Novation, etc. 
Except as otherwise expressly provided in this Amendment, nothing herein
shall be deemed to amend or modify any provision of the Credit Agreement or any
of the other Loan Documents, each of which shall remain in full force and
effect.  This Amendment is not intended
to be, nor shall it be construed to create, a novation or accord and
satisfaction, and the Credit Agreement as herein modified shall continue in
full force and effect.

 

15.                               Further Assurances.  Each
Borrower agrees to take such further actions as Agents and Lenders shall
reasonably request from time to time in connection herewith to evidence or give
effect to the amendments set forth herein or any of the transactions
contemplated hereby.

 

16.                               Release of Claims.  To induce Agents and Lenders to enter into this Amendment, each
Borrower hereby releases, acquits and forever discharges Agents and Lenders,
and all officers, directors, agents, employees, successors and assigns of
Agents and Lenders, from any and all liabilities, claims, demands, actions or
causes of action of any kind or nature (if there be any), whether absolute or
contingent, disputed or undisputed, at law or in equity, or known or unknown,
that any Borrower now has or ever had against Agents or Lenders arising under
or in connection with any of the Loan Documents or otherwise.  Each Borrower represents and warrants to Agents
and Lenders that such Borrower has not transferred or assigned to any Person
any claim that such Borrower ever had or claimed to have against Agents or Lenders.

 

5

 

17.                               Waiver of Jury Trial.  To the fullest extent permitted by applicable law, the
parties hereto each hereby waives the right to trial by jury in any action,
suit, counterclaim or proceeding arising out of or related to this Amendment.

 

 

[Remainder of page intentionally left blank;
signatures on the following page]

 

6

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed under seal and delivered by their respective duly authorized officers
on the date first written above.

 

	
   

  	
   

  	
  BORROWERS:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SUPERIOR
  ESSEX COMMUNICATIONS L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
   

  	
  Name: David S. Aldridge  

  Title: Senior
  Vice President and Chief Financial 

  Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ESSEX GROUP, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
   

  	
  Name: David S. Aldridge
  

  Title: Vice
  President and Treasurer

  
						

 

[Signatures continued on following page]

 

 

	
   

  	
   

  	
  LENDERS:

  
	
   

  	
   

  	
   

  
	
  Revolver
  Commitment: $60,000,000.00

  	
   

  	
  FLEET CAPITAL CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
     /s/
  GLENN LITTLE

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
    Senior
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Revolver
  Commitment: $60,000,000.00

  	
   

  	
  GENERAL ELECTRIC CAPITAL

  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
     /s/
  CURTIS J. CORREA

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
    Duly
  Authorized Signatory

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Revolver
  Commitment: $55,000,000.00

  	
   

  	
  WACHOVIA BANK, NATIONAL ASSOCIATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
     /s/
  DANIEL L. DENTON

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
    Director

  	
   

  
									

 

 

[Signatures continued on the following page]

 

 

	
   

  	
   

  	
  ADMINISTRATIVE AGENT:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FLEET CAPITAL CORPORATION,

  
	
   

  	
   

  	
  as
  Administrative Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
     /s/
  GLENN :LITTLE

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
     Senior
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SYNDICATION AGENT:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GENERAL ELECTRIC CAPITAL  

  CORPORATION, as Syndication Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
     /s/
  CURTIS J. CORREA

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
    Duly
  Authorized Signatory

  	
   

  

 

 

CONSENT AND REAFFIRMATION

 

Each
of the undersigned guarantors of the Obligations of Borrowers at any time owing
to Agents and Lenders hereby (i) acknowledges receipt of a copy of the foregoing
Seventh Amendment to Credit Agreement; (ii) consents to Borrowers’
execution and delivery thereof; (iii) agrees to be bound thereby; and (iv) affirms
that nothing contained therein shall modify in any respect whatsoever its
guaranty of the Obligations and reaffirms that such guaranty is and shall
remain in full force and effect.

 

IN
WITNESS WHEREOF, the undersigned has executed this Consent and Reaffirmation as
of the date of such Seventh Amendment to Credit Agreement.

 

 

	
   

  	
  SUPERIOR ESSEX INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
  David S. Aldridge, Vice President,

  Treasurer and CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SUPERIOR ESSEX HOLDING CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
  David S. Aldridge, Vice President and 

  Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ESSEX INTERNATIONAL INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
  David S. Aldridge, Vice President,

  Treasurer, Assistant Secretary and CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ESSEX GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
  David S. Aldridge, Vice President,

  Treasurer and Assistant Secretary

  

 

 

[Signatures continued on
the following page]

 

 

	
   

  	
  ESSEX TECHNOLOGY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
  David S. Aldridge, Vice President,

  Treasurer and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ESSEX MEXICO HOLDINGS, L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
  David S. Aldridge, Vice President,

  
	
   

  	
   

  	
  Treasurer
  and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ESSEX WIRE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
  David S. Aldridge, Vice President,

  
	
   

  	
   

  	
  Treasurer
  and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ESSEX CANADA INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
  David S. Aldridge, Vice President,

  
	
   

  	
   

  	
  Treasurer
  and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ESSEX GROUP MEXICO INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  DAVID S. ALDRIDGE

  	
   

  
	
   

  	
   

  	
  David S. Aldridge, Vice President,

  
	
   

  	
   

  	
  Treasurer
  and Assistant Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]