Document:

Amendment To Notice Of Stock Option Grant

 EXHIBIT 10.15 (b) 
  
 VERSATA, INC. 
  
 AMENDMENT TO THE NOTICE OF STOCK OPTION GRANT 
  
 Effective as of February 11, 2005, the Compensation Committee of Versata, Inc. (the “Company”), by unanimous written consent, amended your stock option to
purchase 450,000 shares of the Company’s Common Stock, granted pursuant to that certain stock option agreement (the “Option Agreement”), number IND-1, that you entered into with the Company such that 
  

	1.	Regular Vesting Schedule. The section entitled Regular Vesting Schedule is amended to read in its entirety as follows: 

  
 “162,000 of the Shares (the “Vested Shares”) shall be vested
as of February 18, 2005, the date of your termination as the Chief Executive Officer, and vesting of the remaining Shares will terminate.” 
  

	2.	Termination Period. The section entitled “Termination Period” is amended to read in its entirety as follows: 

  
 “This Option may be exercised for three months after Optionee ceases to
be a Service Provider. Upon the death or Disability of the Optionee, this Option may be exercised for such longer period as provided in the Plan. In no event shall this Option be exercised later than the Term/Expiration Date as provided above.”

  

	3.	Special Acceleration and Post-Termination Exercisability Provisions. The section entitled “Special Acceleration and Post-Termination Exercisability Provisions” is deleted
in its entirety. 

  
 All other provisions of the Option Agreement
shall remain in effect. 
  
 Dated: February 16, 2005 
  

			
	Versata, Inc.
		
	 By:
	 	 /s/ William Frederick

	 Its:
	 	Chief Financial Officer

  

	
	Agreed and Accepted:
	
	 /s/ Alan Baratz

	Alan BaratzSeverance Agreement

 EXHIBIT 10.17 (b) 
  
 February 11, 2005 
  
 William Frederick 
 8503 Mahogany Place 
 Newark, CA 94560 
  
 Dear Mr. Frederick: 
  
 Please be advised that
the Severance Plan dated February 2, 2004 by and between Versata, Inc. and you (the “Severance Plan”) is hereby amended as follows: 
  
 The following is hereby inserted on the first page of the Severance Plan as new paragraph (d): 
  
 “(d) in the event that within the Transition Period the Company terminates your employment for any reason other than for Cause (as
defined in Section six of this Plan), then you will receive a continuation of your monthly salary for a nine- (9) month period following the effective date of termination.” “Transition Period” shall be the six months following the
hire date of the Chief Executive Officer who immediately succeeds Alan Baratz. You agree to take all necessary actions to effect your termination with the Company including taking any actions, (i.e. resignation from position held with the
Company’s subsidiaries), as required by the Company. 
  
 Except as modified
herein, all other terms in the Severance Plan shall be unaffected and shall remain in full force and effect. 
  
 To show your acceptance of this Amendment to the Severance Plan please sign below. 
  

	
	Sincerely,
	
	 /s/ Alan Baratz

	Alan Baratz
	Director, Chief Executive Officer

  
 AGREED, ACKNOWLEDGED AND ACCEPTED:

  

			
	 /s/ William Frederick

	 	 February 16, 2005

	William Frederick             (Signature)	 	DateEX-10.1

THIRD AMENDMENT TO FINANCING AGREEMENT

THIRD AMENDMENT TO FINANCING AGREEMENT, dated as of February 11, 2005 (this
"Amendment”), among Milacron Inc., a Delaware corporation (“Milacron”), each
subsidiary of Milacron listed as a borrower or a guarantor on the signature pages thereto, the
Lenders party thereto, JPMorgan Chase Bank, National Association, as administrative agent and
collateral agent for the Lenders (in each such capacity, together with its successors in each such
capacity, the “Administrative Agent” and “Collateral Agent”, respectively).

W I T N E S S E T H:

WHEREAS, Milacron, certain subsidiaries of Milacron, the Lenders named therein, the Agents and
the other parties thereto have entered into that certain Financing Agreement dated as of June 10,
2004 (as amended, supplemented or otherwise modified from time to time, the “Financing
Agreement”; capitalized terms used herein but not otherwise defined herein shall have the
meanings given such terms in the Financing Agreement);

WHEREAS, Milacron has determined to use $2,500,000 (the “Rights Offering Prepayment”)
from the proceeds of the Rights Offering (as such term is defined in the Mizuho/Glencore
Transaction Documents) to make a prepayment on the outstanding principal amount of the Loans
pursuant to Section 2.05(b)(i) of the Financing Agreement on the terms set forth herein; and

WHEREAS, the Loan Parties have requested that the Lenders and the Agents amend certain
provisions of the Financing Agreement, and the Lenders and the Agents are willing to amend such
provisions to the Financing Agreement on the terms and subject to the conditions set forth herein.

NOW, THEREFORE, in consideration of the premises and the agreements herein contained, each of
the Loan Parties, the Lenders, and the Agents hereby agree as follows:

ARTICLE I

AMENDMENTS

Section 1.1 Amended “Financial Statements” Definition. As of the Amendment
Effective Date, the definition of “Financial Statements” set forth in Section 1.01 of the Financing
Agreement is hereby amended and restated in its entirety to read as follows:

“Financial Statements” means the audited consolidated balance sheet of the
Parent and its Subsidiaries for the Fiscal Year ended December 31, 2003 and the
related consolidated statement of operations, shareholders’ equity and cash flows
for the Fiscal Year then ended, as restated or to be restated to reflect the change
to first-in first-out inventory accounting in accordance with GAAP effective as of
January 1, 2004.

Section 1.2 Amended Permitted Investments Covenant. Clause (A) of Section
7.02(e)(xii) of the Financing Agreement is hereby amended and restated in its entirety as of and
from the Effective Date to read as follows:

(A) investments in China JV by any Subsidiary of the Parent that is
not a Loan Party (other than Milacron Plastics Technologies Group Inc.) to
the extent that such investment will not involve, require, result in or
otherwise obligate any cash or cash consideration made or to be made by
the Loan Parties (including Milacron Plastics Technologies Group Inc.) in
an aggregate amount exceeding $1,000,000 (it being understood and agreed
that an obligation by Milacron Plastics Technologies Group Inc. to make
cash payments in an aggregate amount in excess of $1,000,000 in China JV
will not be considered an “investment” for purposes of the foregoing
clause (A) so long as (y) such cash payments are made on behalf of
Milacron Plastics Technologies Group Inc. by Subsidiaries of the Parent
that are not Loan Parties and (z) such cash payments do not in the
aggregate exceed an amount equal to $3,500,000); and

Section 1.3 Amended Capital Lease Covenant. As of the Amendment Effective Date,
clause (A) of Section 7.02(f) of the Financing Agreement is hereby amended and restated in its
entirety to read as follows:

(A) Capitalized Lease Obligations entered into after the Effective
Date owing by all Loan Parties and their Subsidiaries which would not
cause the aggregate amount of all Capital Expenditures to exceed the
amounts set forth in Section 7.03(c) and which would not result in the
violation of any other covenants set forth in Section 7.03, and

Section 1.4 Amended Minimum Fixed Charge Coverage Ratio. As of the Amendment
Effective Date, the table set forth in Section 7.03(a) of the Financing Agreement is hereby amended
and restated in its entirety to read as follows:

	 	 	 
	 	 	Minimum Fixed Charge Coverage
	Quarter End	 	Ratio
	March 31, 2006

	 	1.00 to 1.00
	 
	 	 
	June 30, 2006

	 	1.00 to 1.00
	 
	 	 
	September 30, 2006

	 	1.00 to 1.00
	 
	 	 
	December 31, 2006 and each

quarter end occurring thereafter

	 	

1.25 to 1.00

Section 1.5 Amended Cumulative Consolidated EBITDA Covenant. As of the Amendment
Effective Date, the table set forth in Section 7.03(b) of the Financing Agreement is hereby amended
and restated in its entirety to read as follows:

	 	 	 
	Period	 	Cumulative Consolidated EBITDA
	Six complete calendar months

ending December 31, 2004

	 	

$24,000,000
	 
	 	 
	Nine complete calendar months

ending March 31, 2005

	 	

$26,350,000
	 
	 	 
	Twelve complete calendar months

ending June 30, 2005

	 	

$35,750,000
	 
	 	 
	Twelve complete calendar months

ending September 30, 2005

	 	

$36,550,000
	 
	 	 
	Twelve complete calendar months

ending December 31, 2005

	 	

$37,950,000

Section 1.6 Amended Capital Expenditures Covenant. As of the Amendment Effective
Date, the table set forth in Section 7.03(c) of the Financing Agreement is hereby amended and
restated in its entirety to read as follows:

	 	 	 
	Period	 	Cumulative Capital Expenditures
	Three complete calendar months

ending September 30, 2004

	 	

$6,100,000
	 
	 	 
	Six complete calendar months

ending December 31, 2004

	 	

$11,300,000
	 
	 	 
	Nine complete calendar months

ending March 31, 2005

	 	

$15,900,000
	 
	 	 
	Twelve complete calendar months

ending June 30, 2005

	 	

$20,500,000
	 
	 	 
	Twelve complete calendar months

ending September 30, 2005

	 	

$20,500,000
	 
	 	 
	Twelve complete calendar months

ending December 31, 2005

	 	

$20,500,000

ARTICLE II

AGREEMENT REGARDING RIGHTS OFFERING PREPAYMENT

The Loan Parties, the Lenders, and the Agents hereby agree that, in the event that, after
receipt of the Rights Offering Prepayment by the Administrative Agent, any prepayment arises
pursuant to clause (x) of Section 2.05(c)(iv) of the Financing Agreement, the amount of such
prepayment shall be reduced, in the aggregate, by an amount equal to the Rights Offering
Prepayment; provided, however, that (i) in determining the amount of any such
prepayment, the amount of the Rights Offering Prepayment shall not be deemed a deduction (as an
expense or otherwise) from the aggregate amount of cash received in connection with the Rights
Offering for purposes of the definition of “Net Cash Proceeds” in Section 1.01 of the Financing
Agreement and (ii) to the extent that the Administrative Agent is required to repay or return (or
any claim is made for repayment or return of) all or any portion of the Rights Offering Prepayment,
the Loan Parties shall be and remain liable under any such prepayment for any amounts so repaid or
returned (or subject to a claim for repayment or return) as though payment of such amounts had
never been received by the Administrative Agent.

ARTICLE III

CONDITIONS TO CLOSING

This Amendment shall become effective as of the date first written above upon the satisfaction
of the following conditions (such date, the “Amendment Effective Date”):

(a) Third Amendment. Each Loan Party shall have delivered a duly executed counterpart
of this Amendment to the Agents.

(b) Officer’s Certificate. The Loan Parties shall have delivered to the Agents a
certificate of a duly authorized officer of each Loan Party dated the date of this Amendment, in
form and substance satisfactory to the Agents, certifying that (i) the representations and
warranties set forth in Section 4.3 hereof are true and correct as of such date and (ii) the Rights
Offering Prepayment has been duly authorized by the Board of Directors of Parent and has been paid
with proceeds from the Rights Offering.

(c) Consent of Required Lenders. The Agents shall have received in writing the
consent of the Required Lenders to enter into this Amendment on behalf of the Required Lenders.

(d) Amendment Fee. The Loan Parties shall have paid to the Administrative Agent, in
immediately available funds, for the pro rata account of each of the Lenders that are party hereto,
a nonrefundable amendment fee of $93,750.

(e) Agent Fees and Expenses. The Loan Parties shall have paid any and all fees
payable to any Agent under any fee letter executed in connection herewith and all reasonable,
out-of-pocket fees and expenses (including, without limitation, reasonable fees, costs, client
charges and expenses of counsel) incurred by the Agents arising from or relating to the
negotiation, preparation, execution, delivery, performance and administration of this Amendment and
arising under or relating to the other Loan Documents to the extent invoiced and presented to the
Administrative Borrower on or prior to the Amendment Effective Date.

(f) Rights Offering Prepayment. The Administrative Agent shall have received, in
immediately available funds, the Rights Offering Prepayment from Milacron for application to the
outstanding principal amount of the Loans pursuant to Section 2.05(b)(i) of the Financing
Agreement.

ARTICLE IV

MISCELLANEOUS

Section 4.1 Effect of Amendment. Except as expressly set forth herein, this Amendment
shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect
the rights and remedies of the Agents or any Lender under the Loan Documents, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Loan Documents, all of which are ratified and affirmed in all respects
and shall continue in full force and effect; provided that any amendment of a provision
pursuant to Article I hereof which is given effect as of a date prior to the Amendment
Effective Date shall be deemed a waiver of any noncompliance with such provision solely to the
extent that (i) such noncompliance arose prior to the date hereof and (ii) such noncompliance would
not have resulted had such provision been in effect as amended hereby as of the date of any event
giving rise to such noncompliance. Nothing herein shall be deemed to entitle any Loan Party to a
consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Loan Documents in similar or different
circumstances. This Amendment shall constitute a “Loan Document” for all purposes of the Financing
Agreement and all references to the Financing Agreement in any Loan Document shall mean the
Financing Agreement as amended hereby.

Section 4.2 No Representations by Lenders or Agent. Each Loan Party hereby
acknowledges that it has not relied on any representation, written or oral, express or implied, by
any Lender or any Agent, other than those expressly contained herein, in entering into this
Amendment.

Section 4.3  Representations of the Loan Parties. Each Loan Party
represents and warrants to the Agents and the Lenders that (i) after giving effect to this
Amendment, (a) the representations and warranties set forth in the Loan Documents are true and
correct in all respects on and as of the date hereof with the same effect as though made on the
date hereof, except to the extent that such representations and warranties expressly relate to an
earlier date and (b) no Default or Event of Default has occurred and is continuing and (ii) this
Amendment has been duly executed and delivered by such Loan Party and the Financing Agreement, as
amended hereby, constitutes a legal, valid and binding obligation of such Loan Party, enforceable
against such Loan Party in accordance with its terms, except as may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’
rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law.

Section 4.4 Delivery of Restated Financial Statements. Simultaneously with the
delivery to the Administrative Agent of audited financial statements for the Fiscal Year ended
December 31, 2004 in accordance with Section 7.01(a)(ii) of the Financing Agreement, Milacron
agrees to deliver the Financial Statements (as such term is amended hereby) to the Administrative
Agent; provided that in any case the delivery of the Financial Statements shall occur on or
prior to the date on which such audited financing statements are due pursuant the terms of the
Financing Agreement.

Section 4.5 Claims. Each Loan Party represents and warrants that it has no defenses,
offsets or counterclaims with respect to the indebtedness owed by the Borrowers to the Lenders,
other than in respect of deposits.

Section 4.6 Successors and Assigns. This Agreement shall be binding upon the parties
hereto and their respective successors and permitted assigns and shall inure to the benefit of the
parties hereto and the successors and permitted assigns of the Lenders and the Agents.

Section 4.7 Headings. The headings and captions hereunder are for convenience only
and shall not affect the interpretation or construction of this Amendment.

Section 4.8 Severability. The provisions of this Amendment are intended to be
severable. If for any reason any provision of this Amendment shall be held invalid or
unenforceable in whole or in part in any jurisdiction, such provision shall, as to such
jurisdiction, be ineffective to the extent of such invalidity or unenforceability without in any
manner affecting the validity or enforceability thereof in any other jurisdiction or the remaining
provisions hereof in any jurisdiction.

Section 4.9 Costs and Expenses. The Loan Parties agree to reimburse the Agents for
their reasonable out-of-pocket expenses in connection with this Amendment, including the reasonable
fees, charges and disbursements of counsel for the Agents.

Section 4.10 Counterparts. This Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument, and any
party hereto may execute this Amendment by signing any such counterpart. Delivery of an executed
counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a
manually executed counterpart of this Amendment.

Section 4.11 GOVERNING LAW. THE WHOLE OF THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED, CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF
NEW YORK.

Section 4.12 JURISDICTION, VENUE AND SERVICE. EACH LOAN PARTY HEREBY IRREVOCABLY
CONSENTS AND SUBMITS TO THE NONEXCLUSIVE JURISDICTION AND VENUE OF ALL FEDERAL AND STATE COURTS
LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK AND CONSENTS THAT ANY ORDER, PROCESS, NOTICE
OF MOTION OR OTHER APPLICATION TO OR BY ANY OF SAID COURTS OR A JUDGE THEREOF MAY BE SERVED WITHIN
OR WITHOUT SUCH COURT’S JURISDICTION BY REGISTERED MAIL OR BY PERSONAL SERVICE, PROVIDED A
REASONABLE TIME FOR APPEARANCE IS ALLOWED, IN CONNECTION WITH ANY ACTION OR PROCEEDING ARISING OUT
OF, UNDER OR RELATING TO THIS AMENDMENT. AT THE OPTION OF THE AGENTS, UPON THE INSTRUCTIONS OF THE
REQUIRED LENDERS, ANY LOAN PARTY MAY BE JOINED IN ANY ACTION OR PROCEEDING COMMENCED BY THE AGENTS
OR THE LENDERS AGAINST ANY OTHER LOAN PARTY IN CONNECTION WITH OR BASED ON THIS AMENDMENT, AND
RECOVERY MAY BE HAD AGAINST ANY LOAN PARTY IN SUCH ACTION OR PROCEEDING OR IN ANY INDEPENDENT
ACTION OR PROCEEDING AGAINST ANY LOAN PARTY, WITHOUT ANY REQUIREMENT THAT THE AGENTS OR THE LENDERS
FIRST ASSERT, PROSECUTE OR EXHAUST ANY REMEDY OR CLAIM AGAINST ANY OTHER LOAN PARTY. EACH LOAN
PARTY HEREBY IRREVOCABLY WAIVES (TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW) ANY OBJECTION
THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING
OUT OF, UNDER OR RELATING TO THIS AMENDMENT BROUGHT IN ANY FEDERAL OR STATE COURT LOCATED IN THE
COUNTY OF NEW YORK, STATE OF NEW YORK, AND HEREBY FURTHER IRREVOCABLY WAIVES (TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW) ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH
COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

SECTION 4.13 WAIVER OF JURY TRIAL. EACH OF THE AGENTS, THE LENDERS AND
THE LOAN PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES (TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER
OR RELATING TO THIS AGREEMENT, AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE
SITTING WITHOUT A JURY. IN ADDITION, EACH OF THE AGENTS, THE LENDERS AND THE LOAN PARTIES WAIVES
THE RIGHT TO INTERPOSE ANY DEFENSE BASED UPON ANY STATUTE OF LIMITATIONS OR ANY CLAIM OF LACHES AND
ANY SET-OFF OR COUNTER CLAIM OF ANY NATURE OR DESCRIPTION. EACH OF THE AGENTS, THE LENDERS AND THE
LOAN PARTIES ACKNOWLEDGES THAT THE FOREGOING WAIVERS ARE FREELY MADE.

* * *

1

 IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly
executed and delivered as of the date first above written.

BORROWERS:

MILACRON INC.

	 	 	 
	By: /s/ R.P. Lienesch

	 	

	 
	 	 
	 

	 
	 	 
	Name:

	 	R.P. Lienesch

	 	 	 	Title: Vice President — Finance and Chief

Financial Officer

2

CIMCOOL INDUSTRIAL PRODUCTS INC.

D-M-E MANUFACTURING INC.

D-M-E U.S.A. INC.

MILACRON INDUSTRIAL PRODUCTS, INC.

MILACRON MARKETING COMPANY

MILACRON PLASTICS TECHNOLOGIES GROUP INC.

NICKERSON MACHINERY CHICAGO, INC.

NORTHERN SUPPLY COMPANY, INC.

OAK INTERNATIONAL, INC.

PLIERS INTERNATIONAL INC.

UNILOY MILACRON INC.

UNILOY MILACRON U.S.A. INC.

By: /s/ R.P. Lienesch

	 	 	 	Name: R.P. Lienesch

Title: Treasurer

3

GUARANTORS:

D-M-E COMPANY

	 	 	 
	By: /s/ R.P. Lienesch

	 	

	 
	 	 
	 

	 
	 	 
	Name:

Title:

	 	R.P. Lienesch

Treasurer
	 
	 	 

4

	 	 	 	MILACRON CAPITAL HOLDINGS B.V.

	 	 	 
	By: /s/ G. van Deventer

	 	

	 
	 	 
	 

	 
	 	 
	Name:

Title:

	 	G. van Deventer

Managing Director
	 
	 	 

5

	 	 	 	MILACRON INTERNATIONAL MARKETING COMPANY

	 	 	 
	By: /s/ R.P. Lienesch

	 	

	 
	 	 
	 

	 
	 	 
	Name:

Title:

	 	R.P. Lienesch

Treasurer and Assistant Secretary
	 
	 	 

6

	 	 	 	ADMINISTRATIVE AGENT AND COLLATERAL
AGENT:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as
Administrative Agent and Collateral Agent, on
behalf of the Required Lenders

	 	 	 
	By: /s/ James M. Barbato

	 
	 	 
	 

	 
	 	 
	Name:

Title:

	 	James M. Barbato

Vice President
	 
	 	 

7

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