Document:

Exhibit
      10.1

     

    

    

    FIFTH
      AMENDMENT AGREEMENT

    
 

    FIFTH
      AMENDMENT AGREEMENT
      (this
“Agreement”)
      dated
      as of August 31, 2007 by and between Memry Corporation (the “Borrower”),
      a
      Delaware corporation, and Webster Bank, National Association as assignee and
      successor in interest to Webster Business Credit Corporation (the “Lender”),
      amending a certain Credit and Security Agreement dated as of November 9, 2004
      by
      and between the Borrower and the Webster Business Credit Corporation, as amended
      by that certain First Amendment Agreement dated as of November 9, 2005 and
      by a
      Second Amendment Agreement dated as of December 21, 2005 and by a Third
      Amendment Agreement dated December 5, 2006 and a Fourth Amendment Agreement
      dated March 28, 2007(as amended and in effect from time to time, the
“Credit
      Agreement”).

     

    WITNESSETH

    

    WHEREAS,
      pursuant to the terms of the Credit Agreement, Webster Business Credit
      Corporation has assigned all of its rights, title and interest in and to the
      Credit Agreement, the Notes (as defined in the Credit Agreement) and the Other
      Documents (as defined in the Credit Agreement) to Webster Bank, National
      Association; and

    

    WHEREAS,
      pursuant to the terms of the Credit Agreement, the Lender has made and continues
      to make revolving loans to the Borrower; and

    

    WHEREAS,
      the
      Borrower have requested, among other things, that the Lender amend certain
      terms
      of the Credit Agreement; and

    

    WHEREAS,
      the
      Lender is willing to, among other things, amend certain terms and conditions
      of
      the Credit Agreement, all on the terms and conditions set forth
      herein.

    

    NOW,
      THEREFORE,
      for
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto agree as follows:

    

    (1) Acknowledgment
      of Preamble.
      All
      facts of the above-recited preamble are hereby acknowledged as complete and
      accurate and shall be incorporated into this Modification as if fully restated
      herein and the Borrower represents that no Event of Default or event which
      with
      the giving of a notice or the passage of time would constitute an Event of
      Default has occurred under the Credit Agreement and/or the Other Documents
      (as
      defined in the Credit Agreement). All capitalized terms not otherwise defined
      herein shall have the meanings ascribed to such terms in the Original Loan
      Documents.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (2) Definitions. Capitalized
      terms used herein without definition that are defined in the Credit Agreement
      (as amended hereby) shall have the same meanings herein as therein.

    

    (3) Ratification of Existing Agreements.  All
      of the Borrower’s obligations and liabilities to the Lender as evidenced by or
      otherwise arising under the Credit Agreement, the Notes and the Other Documents,
      except as otherwise expressly modified in this Agreement upon the terms set
      forth herein, are, by the Borrower’s execution of this Agreement, ratified and
      confirmed in all respects. In addition, by the Borrower’s execution of this
      Agreement, the Borrower represents and warrants that no counterclaim, right
      of
      set-off or defense of any kind exists or is outstanding with respect to such
      obligations and liabilities.

    

    (4) Representations and Warranties.  All
      of the representations and warranties made by the Borrower in the Credit
      Agreement, the Notes and the Other Documents are true and correct on the date
      hereof as if made on and as of the date hereof, except (i) to the extent that
      any of such representations and warranties relate by their terms to a prior
      date, (ii) for matters previously disclosed to the Lender in writing or in
      form
      10-k, 10-Q or 8-k filed with the Securities and Exchange Commission, and (iii)
      for deviations not, in the aggregate, having or reasonably likely to have a
      material adverse effect on the Borrower and its assets.

    

    (5) Conditions Precedent.  Except
      as set forth below, the effectiveness of the amendments contemplated hereby
      shall be subject to the satisfaction on or before the date hereof of each of
      the
      following conditions precedent (which conditions the Lender acknowledges have
      been satisfied on the date hereof):

     

    (a) Representations
      and Warranties.
      All of
      the representations and warranties made by the Borrower herein, whether directly
      or incorporated by reference, shall be true and correct on the date hereof,
      except as provided in §3 hereof.

     

    (b) Performance;
      No Event of Default.
      The
      Borrower shall have performed and complied in all material respects with all
      terms and conditions herein required to be performed or complied with by them
      prior to or at the time hereof, and there shall exist no Event of Default or
      condition which, with either or both the giving of notice of the lapse of time,
      would result in an Event of Default upon the execution and delivery of this
      Agreement.

     

    (c) Corporate
      Action.
      All
      requisite corporate action necessary for the valid execution, delivery and
      performance by the Borrower of this Agreement and all other instruments and
      documents delivered by the Borrower in connection therewith shall have been
      duly
      and effectively taken.

     

    (d) Delivery.
      Except
      as set forth below, the parties hereto shall have executed and delivered (i)
      this Agreement and (iii) such further instruments and taken such further action
      as the Lender may have reasonably requested, in each case further to effect
      the
      purposes of this Agreement, the Credit Agreement and the Other
      Documents.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (e) Proceedings
      and Documents.
      All
      proceedings in connection with the transactions contemplated by this Agreement
      shall be satisfactory in substance and form to the Lender, and the Lender shall
      have received all information and such counterpart originals or certified or
      other copies of such documents as it may request.

     

    (f) Fees
      and Expenses.
      The
      Borrower shall have paid to the Lender all fees and expenses incurred by the
      Lender (including attorney’s fees and expenses) in connection with this
      Amendment, the Credit Agreement and the Other Documents on or prior to the
      date
      hereof.

    

    (6) Amendments,
      Consents with respect to the Credit
      Agreement.

    

    (6)(a). Amendment
      - Section 8.1 of the Credit Agreement.
      shall
      be amended to read in full as follows:

    

    “Fixed
      Charge Coverage Ratio
      shall
      mean and include with respect to any fiscal period of Borrowers, the ratio
      of
      (a) EBITDA for such period, minus
      (any
      Unfinanced Capital Expenditures made during such period less
      Cash
      balances in excess of $1,000,000) plus
      litigation expenses incurred during 2007 with respect to the Kentucky Oil
      lawsuit and prepayment charges relating to the prepayment of subordinated debt
      during 2007, to (b) Fixed Charges for such period provided,
      however,
      that
      Unfinanced Capital Expenditures cannot be reduced by Cash balances to less
      than
      zero, and
      provided, further,
      that
      Fixed Charges for the periods ended 6/30/07, 9/30/07 and 12/31/07 shall be
      calculated as of each such quarter and then multiplied by four (annualized).
      Commencing for the fiscal quarter ending 3/31/2008 and thereafter, the
      calculation of fixed charges will be calculated on the basis of the immediately
      preceding four fiscal quarters, i.e. calculated on a trailing twelve month
      basis.”

    

    (7) Additional Covenants.   Without
      any prejudice or impairment whatsoever to any of the Lender’s rights and
      remedies contained in the Credit Agreement and the covenants contained therein,
      the Notes or in any of the Other Documents, the Borrower additionally covenants
      and agrees with the Lender as follows:

     

    (a) The
      Borrower shall comply and continue to comply with all of the terms, covenants
      and provisions contained in the Credit Agreement, the Notes and the Other
      Documents, except as such terms, covenants and provisions are expressly modified
      by this Agreement upon the terms set forth herein, including, without
      limitation, the delivery and procurement of the mortgage modification
      agreements, title insurance endorsements within the time periods set forth
      herein.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) The
      Borrower shall at any time or from time to time execute and deliver such further
      instruments, and take such further action as the Lender may reasonably request,
      in each case further to effect the purposes of this Agreement, the Credit
      Agreement, the Notes and the Other Documents. 

     

    (c) The
      Borrower expressly acknowledges and agrees that any failure by the Borrower
      to
      comply with the terms and conditions of this Section 7 or any other provisions
      contained in this Agreement shall constitute an Event of Default under the
      Credit Agreement.

    

    (8) Expenses.  The
      Borrower agrees to pay to the Lender upon demand an amount equal to any and
      all
      out-of-pocket costs or expenses (including reasonable legal fees and
      disbursements) incurred or sustained by the Lender in connection with the
      preparation of this Agreement.

    

    (9) Miscellaneous.
      

     

    (a) This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Connecticut (excluding the laws applicable to conflicts or choice
      of
      law).

    

    (b) The
      indebtedness evidenced by said Original Loan Documents continues outstanding,
      and the execution and delivery to the Bank of this Modification Agreement does
      not constitute the creation of a new debt or the extinguishment of the debt
      evidenced by the Original Loan Documents but constitutes only an amendment
      of
      certain of the terms with respect thereto. Except
      as
      otherwise expressly provided by this Agreement, all of the respective terms,
      conditions and provisions of the Credit Agreement shall remain the same. It
      is
      declared and agreed by each of the parties hereto that the Credit Agreement,
      as
      amended hereby, shall continue in full force and effect, and that this Agreement
      and the Credit Agreement be read and construed as one instrument, and all
      references in the Loan Documents to the Credit Agreement shall hereafter refer
      to the Credit Agreement, as amended by this Agreement.

     

    (c) Nothing
      contained herein shall operate to release the Borrower or any other obligor
      from
      its liability to pay the Note and to keep and perform the terms, conditions,
      obligations and agreements contained in the Loan Agreement and in all other
      documents relating to and securing repayment of the Note as amended
      hereby.

    

    (d) The
      Borrower hereby acknowledges and agrees that it has no defense, offset,
      recoupment or counterclaim with respect to the indebtedness evidenced by the
      Note (as amended hereby) or any of the Original Loan Documents and the Borrower
      hereby releases the Bank from any and all liability arising directly or
      indirectly with respect to the Note as amended hereby, the Original Loan
      Documents, the debt evidenced or governed by any of the Original Loan Documents
      and any and all actions taken by the Bank with respect to the transactions
      contemplated therein.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF,
      each of
      the parties hereto have caused this Agreement to be executed in its name and
      behalf by its duly authorized officer on September 24, 2007 but to be effective
      as of August 31, 2007.

    

     

    
      	 	 	 
	 	WEBSTER
              BANK, NATIONAL ASSOCIATION
	 	 
	 
 	 
 	 
 
	 	By:  	/s/ Daniel
              C. Dupre 
	 	
              
Daniel
              C. Dupre 
	 	Its:
              Vice President
	 	Duly Authorized 

    MEMRY
      CORPORATION

    
      	 	 	 
	 	By:  	/s/ Richard
              F. Sowerby
	 	
              
Name:
Richard
              F. Sowerby
	 	Title:
              CFO

    

     

    The
      undersigned Guarantor consents to the terms contained herein and further
      acknowledge and affirm that its Guarantee remains unmodified and in full force
      and effect:

    

    PUTNAM
      PLASTICS COMPANY LLC

    

    

    By:
      /s/
      Robert P. Belcher 

    Name:
      Robert P. Belcher

    Title:
      Secretary

    

    
      	STATE OF CONNECTICUT	)	 
	 	)	ss. Bethel, CT
	COUNTY OF FAIRFIELD	)	 

    

    

    Dated
      as
      of
      September 24, 2007, before me personally came Robert P. Belcher, to me known,
      who, being by me duly sworn, did depose and say that he is Secretary of PPC
      and
      the Chief Executive Officer of Memry of each entity described in and which
      executed the foregoing instrument as “Borrower”; and that he signed his name
      thereto by order of the board of directors (or other governing body) of said
      entity.

     

    
      	 	 	 
	 	
               

            	Kathleen
              Ferris
	 	
              
NOTARY
              PUBLIC
	 	 
	 	
              KATHLEEN
                FERRIS

              NOTARY
                PUBLIC, STATE OF CONNECTICUT

              NO.65478.
                QUALIFIED IN FAIRFIELD COUNTY

              COMMISSION
                EXPIRES DECEMBER 31, 2007Unassociated Document

    AGREEMENT

    

    

    This
      Agreement is made as of this [23rd day of January, 2007] [February 9, 2007]
      by
      and between Kwong Kai Shun (Hong Kong Identity Card Number C377425(0)), an
      individual (“Kwong”),
      and
      certain purchasers (each an “Investor”
and
      together the “Investors”)
      of the
      Series A Convertible Preferred Stock (the “Series
      A Stock”)
      of
      SRKP 9, Inc., a Delaware corporation (the “Company”),
      sold
      in that certain private placement (“Private Placement”) conducted by the
      Company.

    

    RECITALS

    

    WHEREAS,
      as of the date of the final closing of the Private Placement, the Investors
      purchased an aggregate of 2,325,581 shares of the Series A Stock, the rights,
      preferences and privileges of said Series A Stock as set in that Certificate
      of
      Designations, Preferences and Rights of Series A Convertible Preferred Stock
      ($0.0001 par value per share) of SRKP 9, Inc., a copy of which is attached
      hereto as Exhibit “A” (the “Certificate”).

    

    NOW
      THEREFORE, for good and valuable consideration, the receipt of which is hereby
      acknowledged, the parties hereto agree as follow:

     

    Section 1. Definitions.
      The
      following terms shall have the following meanings:

    

    “Business
      Day”
means
      any day except Saturday, Sunday, any day which shall be a federal legal holiday
      in the United States or any day on which banking institutions in the State
      of
      New York are authorized or required by law or other governmental action to
      close.

    

    “Common
      Stock”
means
      the Company’s common stock, par value $0.0001 per share, and stock of any other
      class of securities into which such securities may hereafter be reclassified
      or
      changed into.

    

    “Preferred
      Stock”
means
      the Series A Convertible Preferred Stock, $0.0001 par value per share, of
      SRKP 9, Inc.

    

    “Stated
      Value”
shall
      have the meaning set forth in Section 2 of the Certificate.

    

    “Trading
      Day”
means
      a
      day on which the principal Trading Market is open for business.

    

    “Trading
      Market”
means
      the following markets or exchanges on which the Common Stock is listed for
      trading on the date in question: the American Stock Exchange, the Nasdaq Capital
      Market, the Nasdaq Global Market, or the New York Stock Exchange.

    

    “Trading
      Market Listing Date”
means
      the first Trading Day on which the Common Stock is listed for trading on a
      Trading Market.

    

    “Triggering
      Purchase Amount”
means,
      for each share of Preferred Stock, 110% of the Stated Value.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    Section 2. 2006
      and 2007 Earnings.

    

    a) The
      parties hereto acknowledge that the mutually agreed valuation of the Company
      as
      of the date of the final close of the Private Placement shall be $32,872,050
      (the “Agreed
      Investment Valuation”)
      and
      based on 25,482,210 shares of Common Stock outstanding, each share of Common
      Stock shall be valued at $1.29. The parties understand that the Agreed
      Investment Valuation is also based on the understanding that the Company’s net
      income determined in accordance with United States Generally Accepted Accounting
      Principles (“GAAP”)
      as set
      forth in its audited financial statements for the year ending December 31,
      2006
      (“2006
      Net Income”)
      will
      be $6.3 million (a price-earning ratio of 5 times), and the net income
      determined in accordance with GAAP as set forth in its audited financial
      statements for the year ending December 31, 2007 (“2007
      Net Income”)
      will
      be $7.7 million (a price-earning ratio of 4 times). 

    

    b) Kwong
      now
      undertakes to the Investors that if it happens that the actual net income of
      2006 and/or 2007 is less than the 2006 Net Income and/or 2007 Net Income
      respectively, then Kwong shall make up the shortfall by transferring to the
      Investors a certain number of Common Stock calculated as follows:

    

    A
      = N x
      S

    

    
      	
              A

            	
              means
                the number of additional shares of Common Stock (rounded down to
                the
                nearest integral) to be transferred by Kwong to the Investors under
                this
                section (“Net
                Income Shares”)

            

    

    

    N means
      the
      number of Stock that have not been sold by the Investors

    

    
      	
              S

            	
              means
                the shortfall in agreed valuation per share of Common Stock calculated
                as
                follows:

            

    

    

    
      	 	
              $1.29
                - ((actual amount of net income for the Relevant Year x Relevant
                P/E) /
                25,482,210)

            

    

    
      	 	
              and
                for this purpose, “Relevant
                Year”
                means 2006 and 2007 (as the case may be) and “Relevant
                P/E”
                means the price earning ratio of 5 for the year 2006 and the price
                earning
                ratio 4 for the year 2007

            

    

    

    c) The
      parties agree that the total number of Net Income Shares shall in no
      circumstances be more than 2,326,000. Upon execution of this Agreement, Kwong
      shall cause 2,326,000 shares of Common Stock be placed in escrow with
      David L. Kagel (the “Escrow
      Agent”)
      and
      that the Net Income Shares shall be further distributed subject to the timing
      of
      said escrow. 

    

    Section 3. Purchase
      Upon Triggering Event.

    

    a) “Triggering
      Event”
means
      the Common Stock shall fail to be listed for trading on a Trading Market on
      or
      before June 30, 2007. 

    

    b) Upon
      the
      occurrence of a Triggering Event, each Investor shall (in addition to all other
      rights it may have hereunder or under applicable law) have the right,
      exercisable at the sole option of such Investor for a period of thirty (30)
      days
      following the Triggering Purchase Payment Date as defined below, to require
      Kwong to purchase all of the Preferred Stock then held by such Holder for a
      price, in cash, equal to the Triggering Purchase Amount. The Triggering
Purchase
      Amount
      shall be due and payable within five Trading Days of the date on which the
      notice for the payment therefor is provided by a Holder (the “Triggering
      Purchase Payment Date”).
      Kwong
      fails to pay in full the Triggering Purchase Amount hereunder on the date such
      amount is due in accordance with this Section, Kwong will pay interest thereon
      at a rate equal to the lesser of 10% per annum or the maximum rate
      permitted by applicable law, accruing daily from such date until the Triggering
      Purchase Amount, plus all such interest thereon, is paid in full. For purposes
      of this Section, a share of Preferred Stock is outstanding until such date
      as
      the applicable Holder has been paid the Triggering Purchase Amount in
      cash.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    Section 4. Miscellaneous.

    

    a) Notices.
      Any and
      all notices or other communications or deliveries to be provided hereunder
      shall
      be in writing and delivered personally, by facsimile, or sent by a nationally
      recognized overnight courier service addressed to each
      Party at
      the facsimile number or address of such party as attached hereto appearing
      on
      the books. Any notice or other communication or deliveries hereunder shall
      be
      deemed given and effective on the earliest of (i) the date of transmission,
      if such notice or communication is delivered via facsimile at the facsimile
      number specified in this Section 4 prior to 5:00 p.m. (New York City time)
      on any date, (ii) the date immediately following the date of transmission,
      if such notice or communication is delivered via facsimile at the facsimile
      number specified in this Section 4 between 5:00 p.m. and 11:59 p.m. (New
      York City time) on any date, (iii) the second Business Day following the
      date of mailing, if sent by nationally recognized overnight courier service,
      or
      (iv) upon actual receipt by the party to whom such notice is required to be
      given.

    

    b) Governing
      Law.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be governed by and construed and enforced in accordance
      with the internal laws of the State of Delaware, without regard to the
      principles of conflict of laws thereof. Each party agrees that all legal
      proceedings concerning the interpretation, enforcement and defense of the
      transactions contemplated by this Agreement shall be commenced in the state
      and
      federal courts sitting in the City of Los Angeles, State of California (the
      “California
      Courts”).
      Each
      party hereto hereby irrevocably submits to the exclusive jurisdiction of the
      Los
      Angeles Courts for the adjudication of any dispute hereunder or in connection
      herewith or with any transaction contemplated hereby or discussed herein and
      hereby irrevocably waives, and agrees not to assert in any suit, action or
      proceeding, any claim that it is not personally subject to the jurisdiction
      of
      such Los Angeles Courts, or such Los Angeles Courts are improper or inconvenient
      venue for such proceeding. Each party hereby irrevocably waives personal service
      of process and consents to process being served in any such suit, action or
      proceeding by mailing a copy thereof via registered or certified mail or
      overnight delivery (with evidence of delivery) to such party at the address
      in
      effect for notices to it under this Agreement and agrees that such service
      shall
      constitute good and sufficient service of process and notice thereof. Nothing
      contained herein shall be deemed to limit in any way any right to serve process
      in any other manner permitted by applicable law. Each party hereto hereby
      irrevocably waives, to the fullest extent permitted by applicable law, any
      and
      all right to trial by jury in any legal proceeding arising out of or relating
      to
      this Agreement or the transactions contemplated hereby. If either party shall
      commence an action or proceeding to enforce any provisions of this Agreement,
      then the prevailing party in such action or proceeding shall be reimbursed
      by
      the other party for its attorneys’ fees and other costs and expenses incurred in
      the investigation, preparation and prosecution of such action or
      proceeding.

    

    c) Severability.
      If any
      provision of this Agreement is invalid, illegal or unenforceable, the balance
      of
      this Agreement shall remain in effect, and if any provision is inapplicable
      to
      any person or circumstance, it shall nevertheless remain applicable to all
      other
      Persons and circumstances.
      

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    d) Next
      Business Day.
      Whenever any payment or other obligation hereunder shall be due on a day other
      than a Business Day, such payment shall be made on the next succeeding Business
      Day.

    

    e) Headings.
      The
      headings contained herein are for convenience only, do not constitute a part
      of
      this Agreement and shall not be deemed to limit or affect any of the provisions
      hereof.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the undersigned have executed this Agreement as of the date
      first written above.

     

    
      
        	 	 	
                KWONG

              	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	
                Kwong
                  Kai Shun

              	 
	 	 	
                (Hong
                  Kong Identity Card Number C377425(0))

              	 
	 	 	
                Room
                  1601-1604, 16/F., CRE Centre

              	 
	 	 	
                889
                  Cheung Sha Wan Road, Kowloon, Hong Kong

              	 
	 	 	
                Address:

              	 	 
	 	 	 	 	 
	 	 	
                Telephone:

              	 	 
	 	 	
                Facsimile:

              	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	
                INVESTORS

              	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	
                Address:

              	 	 
	 	 	 	 	 
	 	 	
                Telephone:

              	 	 
	 	 	
                Facsimile:

              	 	 

      

    

     

     

    
      
         

      

      
        5

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