Document:

EXHIBIT 10.13

 Exhibit 10.13 
  
 OPTION ASSUMPTION AGREEMENT 
  

THIS OPTION ASSUMPTION AGREEMENT (this “Assumption Agreement”), dated July 29, 2005, is entered into by and between NCI, Inc., a
Delaware corporation (“NCI Delaware”), and Linda Allan (the “Optionee”). 
  
 WHEREAS, NCI Information Systems, Inc., a Virginia corporation (“NCI Virginia”) and Optionee are party to that certain Non-Statutory Stock Option Agreement, dated May 4, 2001, a copy of which is
attached hereto as Exhibit A, pursuant to which Optionee was granted an option to purchase 250 shares of NCI Virginia’s common stock, par value $0.01 per share (the “NCI Virginia Common Stock”), at an exercise price of $1.00
per share, which, by reason of a prior adjustment is currently an option to purchase 700,000 shares of NCI Virginia Common Stock at an exercise price of $0.00036 per share (the “Option Agreement”); 
  
 WHEREAS, NCI Delaware and NCI Virginia will consummate a series of
transactions, as described on Exhibit B hereto (collectively referred to as the “Reincorporation Transaction”), pursuant to which NCI Virginia will become a wholly owned subsidiary of NCI Delaware; 
  
 WHEREAS, in connection with the Reincorporation Transaction, NCI
Delaware has agreed to assume all of the issued and outstanding options of NCI Virginia; and 
  
 WHEREAS, each option to purchase one share of NCI Virginia Common Stock issued by NCI Virginia shall be converted into an option to purchase one share of Class A common stock of NCI Delaware (each, a “NCI
Class A Share”) pursuant to NCI Delaware’s 2005 Performance Plan (the “NCI Delaware Plan”), substantially in the form attached hereto as Exhibit C; 
  
 NOW, THEREFORE, the parties agree that, in consideration of the mutual promises set forth in this Assumption
Agreement, and as of the effective time of the Reincorporation Transaction: 
  
 1. Subject to the terms and conditions hereof, NCI Delaware hereby assumes all rights and obligations of NCI Virginia with respect to the Option Agreement, and Optionee acknowledges and accepts such assumption.

  
 2. The NCI Virginia Option is hereby converted into an option
to purchase 700,000 NCI Delaware Class A Shares, at an exercise price of $0.00036 per share, subject to adjustment in accordance with the last paragraph of Section 13(c) of the Option Agreement, on the terms and subject to the conditions set forth
in the NCI Delaware Plan. 
  
 3. Optionee hereby waives, releases
and forever discharges NCI Virginia and NCI Delaware from the obligation set forth in the last sentence of Section 2 of the Option Agreement regarding Optionee’s right to request NCI Delaware to purchase shares issuable upon exercise of the
Option Agreement, as assumed by NCI Delaware. 

  

 Option Assumption Agreement 

 4. Optionee hereby waives, releases and forever discharges NCI Virginia and NCI Delaware from the
obligation set forth in Section 10 of the Option Agreement regarding registration rights. 
  
 5. Optionee hereby waives, releases and forever discharges NCI Virginia and NCI Delaware from any obligation to provide additional shares or options pursuant to Sections 13(a) or (b) and the first paragraph of Section
13 (c) of the Option Agreement; provided, that, the wavier, release and discharge set forth in this paragraph 5 shall only become effective upon the closing of NCI Delaware’s initial public offering of Class A Shares under the Securities Act of
1933, as amended (the “NCI IPO”). 
  
 6. Except as
otherwise provided herein, the terms of the Option Agreement shall remain in full force and effect; provided, that, to the extent any term or condition of the Option Agreement is inconsistent with or conflicts with any term or condition of this
Assumption Agreement or the NCI Delaware Plan, the term or condition of this Assumption Agreement or the NCI Delaware Plan shall control. Notwithstanding any provision of this Assumption Agreement or the NCI Delaware Plan to the contrary, the
parties acknowledge and agree that the provisions of Section 7 of the Option Agreement shall continue in full force and effect. 
  
 7. Simultaneously herewith, Optionee is delivering a fully-executed lock-up letter in the form attached hereto as Exhibit D, which letter shall
only become effective on the closing of the NCI IPO. The parties acknowledge and agree that Optionee may exercise her rights under the Option Agreement to acquire Class A Shares immediately prior to the NCI IPO in order to include such shares in
that offering, and that NCI Delaware, and not Optionee, will bear all of the fees, costs and expenses (including underwriting discounts and commissions, but expressly excluding any applicable taxes) in connection with the offer and sale of such
shares. The parties further acknowledge and agree that Optionee may, subject to the terms and conditions of the lock-up letter, exercise her rights under the Option Agreement to acquire Class A Shares at any time after the NCI IPO. 
  
 8. The provisions of this Assumption Agreement are independent and severable.
To the extent that any one provision is rendered inoperative, or is contrary to law, the parties agree that, to the extent possible, all other provisions of the Assumption Agreement shall be given full force and effect. 
  
 9. This Assumption Agreement shall be interpreted and construed under the
laws of the Commonwealth of Virginia without regard to its conflicts of laws principles. 
  
 10. This Assumption Agreement may be executed in counterparts, each of which shall be deemed to be an original, but both of which together will constitute one and the same instrument. 
  
 [Signatures appear on following page.] 
  

 2 
  

 Option Assumption Agreement 

 IN WITNESS WHEREOF, by signing below, the Optionee agrees to be bound by the terms of this
Assumption Agreement. 
  

							
	LINDA ALLAN	    	 	 	NCI, INC.
			
	   /s/ Linda Allan

	    	By:	 	   /s/ Charles K. Narang

	 	    	 	 	 Name:
	 	     Charles K. Narang

	 	    	 	 	 	 	

	 	    	 	 	 Title:
	 	     Chairman and CEO

  

 3 
  

 Option Assumption Agreement 

 EXHIBIT A 
  
 Option Agreement 
  
 (See attached.) 
  

 4 
  

 Option Assumption Agreement 

 EXHIBIT B 
  
 Reincorporation Transaction 
  

NCI Virginia will become a wholly owned subsidiary of NCI Delaware as a result of the following transactions (collectively referred to as the “Reincorporation
Transaction”): 
  
 NCI Delaware will form Acquisition, LLC, a Virginia
limited liability company (“Acquisition”), as a wholly owned subsidiary. 
  
 Charles Narang will contribute each of his shares of NCI Virginia Common Stock to Acquisition in exchange for one share of Class B common stock of NCI Delaware (each, a “NCI Delaware Class B Share”) pursuant to a Share Exchange
Agreement. 
  
 Acquisition and NCI Delaware will become parties to an Agreement
and Plan of Merger, pursuant to which (1) NCI Virginia will merge with Acquisition, with NCI Virginia being the surviving entity of such merger, and the existence of Acquisition terminating (the “Merger”), and (2) each share of NCI
Virginia Common Stock issued and outstanding converting, by virtue of the Merger and without any action on the part of the holder thereof, into a right to receive, upon surrender of the certificate representing such NCI Virginia Common Stock, one
share of Class A common stock of NCI Delaware (each, a “NCI Delaware Class A Share”), with all NCI Virginia Common Stock owned by NCI Virginia as treasury stock being no longer outstanding, and automatically cancelled and retired without
payment of any consideration therefor. 
  
 Each NCI Delaware Class A Share will
have the same rights and preferences as each NCI Delaware Class B Share, except that each NCI Delaware Class A Share will be entitled to one vote and each NCI Delaware Class B Share will be entitled to ten votes and will be convertible into one
share of NCI Delaware Class A Share. 
  

 5 
  

 Option Assumption Agreement 

 EXHIBIT C 
  
 NCI Delaware’s 2005 Performance Plan 
  
 (See attached.) 
  

 6 
  

 Option Assumption Agreement 

 EXHIBIT D 
  
 Lock-Up Letter 
  
 (See attached.) 
  

 7 
  

 Option Assumption AgreementTwelfth Amendment and Waiver to Loan Agreement

 Exhibit 10.13 
  
 TWELFTH AMENDMENT AND WAIVER TO LOAN AGREEMENT 
  
 This TWELFTH AMENDMENT AND WAIVER TO LOAN AGREEMENT (this “Amendment”) is dated as of February 10, 2005, by and among CELLSTAR
CORPORATION, a Delaware corporation (“Parent”), each of Parent’s Subsidiaries signatory hereto (together with Parent, each an individual “Borrower”, and collectively, the “Borrowers”), the
lenders signatory hereto (the “Lenders”) and WELLS FARGO FOOTHILL, INC., in its capacity as agent for the Lenders (the “Agent”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Borrowers, the Lenders and the Agent have entered into that certain Loan and Security Agreement dated as of September 28, 2001, as amended by
that certain First Amendment to Loan Agreement dated as of October 12, 2001, as further amended by that certain Second Amendment to Loan Agreement dated as of February 11, 2002, as further amended by that certain Third Amendment and Waiver to Loan
Agreement dated as of May 9, 2002, as further amended by that certain Fourth Amendment to Loan Agreement effective as of May 9, 2002, as further amended by that certain Fifth Amendment to Loan Agreement dated as of November 13, 2002, as further
amended by that certain Sixth Amendment to Loan Agreement dated as of February 6, 2003, as further amended by that certain Seventh Amendment to Loan Agreement dated as of February 28, 2003, as further amended by that certain Eighth Amendment and
Waiver to Loan and Security Agreement dated as of May 31, 2003, as further amended by that certain Consent and Waiver and Ninth Amendment to Loan and Security Agreement dated as of February 24, 2004, as further amended by that certain Tenth
Amendment to Loan Agreement dated as of March 31, 2004, and as further amended by that certain Eleventh Amendment and Waiver to Loan Agreement dated as of August 31, 2004 (as the same may be further modified, amended, restated or supplemented from
time to time, the “Loan Agreement”), pursuant to which the Lenders have agreed to make loans and other financial accommodations to the Borrowers from time to time; 
  
 WHEREAS, the Borrowers have requested that the Agent and the Lenders amend certain terms of the Loan Agreement; and

  
 WHEREAS, the Agent and the Lenders have agreed to the
requested amendments on the terms and conditions set forth herein. 
  
 NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree that all capitalized terms not otherwise
defined herein shall have the meanings ascribed to such terms in the Loan Agreement and further agree as follows: 
  
 1. Amendments to Section 1.1 of the Loan Agreement. 
  
 (a) Section 1.1 of the Loan Agreement, “Definitions”, is hereby amended and modified by inserting the following
definition in appropriate alphabetical order therein: 
  
 ““Miami A/R Factoring Facility” means one or more accounts receivable factoring facilities or other credit facilities that satisfy the requirements set forth in Section 7.1(e)(iii), in each case as determined by the
Agent in its sole and absolute discretion.” 

 (b) Section 1.1 of the Loan Agreement, “Definitions”, is hereby modified
and amended by deleting the existing definition of “Fixed Charge Coverage Ratio” set forth therein and inserting the following definition in substitution thereof: 
  
 ““Fixed Charge Coverage Ratio” means, with respect to any Person during any fiscal period and without
duplication, the ratio for such Person during such fiscal period, of (a) EBITDA, minus (i) cash capital expenditures, minus (ii) tax expense (excluding amounts to be offset by any net operating losses) for such Person during such
fiscal period, plus cash tax refunds received in such period, plus (iii) Restructuring Expenses incurred during such fiscal period, plus (iv) to the extent deducted in calculating net earnings for the Subsidiaries operating within the
geographic area comprising Asia, expenses in an aggregate amount of up to $6,500,000 incurred prior to November 30, 2004, in connection with the initial public offering of the Stock of any such Subsidiaries, to (b) (i) principal payments made by
such Person on any Indebtedness during such fiscal period (other than (A) refinancings permitted by Section 7.1(d), (B) payments on Advances, (C) payments on revolving loans under any Permitted Foreign Subsidiary Credit Facility to the extent
available to be reborrowed under such facility or to the extent cash collateral is released as a result thereof, (D) payments under any Permitted Foreign Subsidiary Credit Facility with an initial term, including any permitted extensions thereof, of
six (6) months or less, (E) cash payments on the Convertible Subordinated Debt required by Section 6.16, (F) refinancings of debt of a Foreign Subsidiary with the proceeds of a credit facility obtained by another Foreign Subsidiary within the same
non-U.S. geographic region, (G) principal payments on a revolving credit facility of CellStar-Intercall AB (Cellstar Sweden) in an aggregate amount not exceeding $10,000,000 during any fiscal year, (H) principal payments on any accounts receivable
factoring facility of CellStar Mexico to the extent such facility is with recourse to CellStar Mexico in an aggregate amount not exceeding $30,000,000 during any fiscal year, and (I) principal payments on any foreign accounts receivable factoring
facility or other credit facility of CellStar Ltd. and/or National Auto Center, Inc. to the extent such facility is with recourse to CellStar Ltd. and/or National Auto Center, Inc.), and (ii) cash interest expense (other than (A) interest expense on
a principal amount of up to (1) $10,000,000 borrowed by CellStar-Intercall AB (Cellstar Sweden) under a revolving credit facility, (2) $30,000,000 borrowed by CellStar Mexico under an accounts receivable factoring facility and (3) $30,000,000
borrowed by CellStar Mexico under a revolving credit facility, (B) an amount up to $100,000 on past due vendor payables, and (C) interest expense incurred under the Miami A/R Factoring Facility in an aggregate amount not to exceed $700,000 per
fiscal quarter) minus cash interest income during such fiscal period.” 
  

 2 

 (c) Section 1.1 of the Loan Agreement, “Definitions”, is hereby modified
and amended by deleting the existing definition of “Initial Consolidated Tangible Net Worth” set forth therein and inserting the following definition in substitution thereof: 
  
 ““Initial Consolidated Tangible Net Worth” means
$130,000,000.” 
  
 2. Amendments to Section 7.20 of the
Loan Agreement. 
  
 (a) Section 7.20 of the
Loan Agreement, “Financial Covenants”, is hereby modified and amended by deleting subsection (a) in its entirety and by inserting the following in substitution thereof: 
  
 “(a) Consolidated Tangible Net Worth. Parent and its Subsidiaries, taken as a whole, shall not
permit Consolidated Tangible Net Worth to be less than the required amount set forth in the following table as of the last day of each fiscal quarter as set forth below, and for each month following such quarter-end date until the next fiscal
quarter-end calculation:  
  

			
	 Applicable Amount

	  	 Applicable Period

	Initial Consolidated Tangible Net Worth, plus (a) 75% of net income of the Parent and its Subsidiaries, on a consolidated basis (without any deduction for losses) on a cumulative basis
from December 1, 2004 for each quarter ended thereafter through such date of determination, minus (b) 100% of the Restructuring Expenses incurred on or after December 1, 2004 on a cumulative basis through such date of determination not to
exceed $5,000,000.	  	Beginning with the fiscal quarter ended November 30, 2004 through the Maturity Date.

  
 ” 
  
 (b) Section 7.20 of the Loan Agreement, “Financial
Covenants”, is hereby modified and amended by deleting subsection (b) in its entirety and by inserting the following in substitution thereof: 
  
 “(b) Fixed Charge Coverage Ratio for Asia and Latin America. Fail to maintain a Fixed Charge Coverage Ratio of at least the
required ratio set forth in the following table as of the last day of each fiscal quarter set forth in the table below, (i) with respect to the Subsidiaries operating within the geographic area comprising Latin America, calculated for the
immediately preceding four fiscal quarter period ending on such date, and (ii) with respect to the Subsidiaries operating within the geographic area comprising Asia, (A) calculated as of August 31, 2005 for the one-quarter fiscal period 

  

 3 

 
then ended, (B) calculated as of November 30, 2005 for the two-quarter fiscal period then ended, (C) calculated as of February 28, 2006 for the three-quarter
fiscal period then ended and (D) calculated as of May 31, 2006 and each fiscal quarter ending thereafter, for the immediately preceding four-quarter fiscal period ending on such date. 
  

			
	 Required Ratio

	  	 Applicable Region

	 (2.00):1.00 for the fiscal quarter
ending on or about August 31, 2005;
  
 (1.00):1.00 for the fiscal quarter
ending on or about November 30, 2005;
  
 (0.00):1.00 for the fiscal quarter
ending on or about
February 28, 2006;
  
 0.50:1.00 for the fiscal
quarter
ending on or about May 31, 2006; and
  
 for each fiscal quarter end thereafter,
2.00:1.00
	  	Subsidiaries operating within the geographic area comprising Asia
		
	2.00:1.00 for the fiscal quarter
ending on November 30, 2001 and
each fiscal quarter end thereafter	  	Subsidiaries operating within the geographic area comprising Latin America

  
 Notwithstanding the foregoing, for any period in which a Fixed Charge Coverage Ratio is calculated hereunder for the Asia and Latin America regions, if, for any region on an individual basis, the result of the calculation set forth in
clause (b) of the definition of Fixed Charge Coverage Ratio hereunder for the Asia and Latin America regions, respectively is less than or equal to zero, no Fixed Charge Coverage Ratio will be tested pursuant to this subsection (b).”

  

 4 

 (c) Section 7.20 of the Loan Agreement, “Financial Covenants”, is hereby
modified and amended by deleting subsection (c) in its entirety and by inserting the following in substitution thereof: 
  
 “(c) Fixed Charge Coverage Ratio for the Domestic Business Unit. Fail to maintain a Fixed Charge Coverage Ratio of at least
the required ratio set forth in the following table calculated as of August 31, 2001 for the three quarter fiscal period then ended, and as of November 30, 2001 and each fiscal quarter end thereafter, for the immediately preceding four fiscal
quarter period, for the Domestic Business Unit: 
  

					
	 Required Ratio prior to
giving effect to conversion,
exchange, refinance, or
extension of 80%
of
Convertible Subordinated
Debt pursuant to
Section 6.16(a)

	  	 Required Ratio after giving
effect to conversion,
exchange, refinance, or
extension of 80%
of
Convertible Subordinated
Debt pursuant to
Section 6.16(a)

	  	 Test Date

	1.10:1.0	  	1.10:1.0	  	August 31, 2001
			
	1.10:1.0	  	1.25:1.0	  	November 30, 2001
			
	1.10:1.0	  	1.25:1.0	  	February 28, 2002
			
	1.10:1.0	  	1.25:1.0	  	May 31, 2002
			
	1.10:1.0	  	1.25:1.0	  	August 31, 2002
			
	1.50:1.0	  	1.50:1.0	  	November 30, 2002, February 28, 2003, May 31, 2003, August 31, 2003, November 30, 2003, February 28, 2004, May 31, 2004 and August 31, 2004
			
	(0.50):1.0	  	(0.50):1.0	  	November 30, 2004
			
	(1.50):1.0	  	(1.50):1.0	  	February 28, 2005 and May 31, 2005
			
	(0.50):1.0	  	(0.50):1.0	  	August 31, 2005
			
	0.50:1.0	  	0.50:1.0	  	November 30, 2005
			
	1.50:1.0	  	1.50:1.0	  	February 28, 2006 and each fiscal quarter ended thereafter

  
 Notwithstanding the foregoing, for any period in which a Fixed Charge Coverage Ratio is calculated hereunder for the Domestic Business Unit, where the result of the calculation set forth in clause (b) of the definition of Fixed Charge
Coverage Ratio hereunder for the Domestic Business Unit, taken as a whole, is less than or equal to zero, no Fixed Charge Coverage Ratio will be tested pursuant to this subsection (c).” 
  

 5 

 3. Waivers. 
  
 (a) Subject to the terms and conditions set forth herein, the Agent and the Lenders hereby waive compliance
with, and waive the Defaults and Events of Default arising under the Loan Agreement, applicable to: 
  
 (i) Borrowers failing to maintain a Fixed Charge Coverage Ratio for their Subsidiaries operating within Asia of 1.50:1.0 for the fiscal
quarter ending November 30, 2004 as required under Section 7.20(b) of the Loan Agreement; and 
  
 (ii) Borrowers failing to maintain a Fixed Charge Coverage Ratio for the Domestic Business Unit of (0.50):1.0 for the fiscal quarter
ending November 30, 2004 as required under Section 7.20(c) of the Loan Agreement; 
  
 provided, further that in no event shall such waivers waive any other requirement or hinder, restrict or otherwise modify the rights and remedies of the Agent and the Lenders following the occurrence of any other failure to
comply with Section 7.20, or the occurrence of any Default or Event of Default under the Loan Agreement. 
  
 4. No Other Amendments or Waivers. Except as set forth in Section 3 above, the execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Agent or the Lenders under the Loan Agreement or any of the other Loan Documents, nor constitute a waiver of any provision of the Loan Agreement or any of the other Loan Documents. Except for
the amendments and waivers set forth above, the text of the Loan Agreement and all other Loan Documents shall remain unchanged and in full force and effect and each Borrower hereby ratifies and confirms its obligations thereunder. This Amendment
shall not constitute a modification of the Loan Agreement or a course of dealing with the Agent or the Lenders at variance with the Loan Agreement such as to require further notice by the Agent or the Lenders to require strict compliance with the
terms of the Loan Agreement and the other Loan Documents in the future, except as expressly set forth herein. Each Borrower acknowledges and expressly agrees that the Agent and the Lenders reserve the right to, and do in fact, require strict
compliance with all terms and provisions of the Loan Agreement and the other Loan Documents. The Borrowers have no knowledge of any challenge to the Agent’s or any Lenders’ claims arising under the Loan Documents, or to the effectiveness
of the Loan Documents. 
  
 5. Conditions Precedent to
Effectiveness. This Amendment shall become effective as of the date hereof when, and only when, the Agent shall have received each of the following: 
  
 (a) fully executed and delivered counterparts of this Amendment by the Borrowers, the Required Lenders and the Agent; 
  
 (b) payment of a Lenders’ amendment fee from the
Borrowers in the amount of $375,000.00 (it being understood that, by execution and delivery of this Amendment, the Borrowers authorize the Agent to charge the Borrowers’ Loan Account for such fee and such amount shall thereafter accrue interest
at the rate applicable to Advances under the Loan Agreement in accordance with Section 2.6 of the Loan Agreement) which shall be for the benefit of the Lenders in accordance with each Lender’s Pro Rata Share; and 
  
 (c) such other information, documents, instruments or
approvals as the Agent or the Agent’s counsel may reasonably require. 
  

 6 

 6. Representations and Warranties of Borrowers. Each Borrower represents and warrants to the Agent
and the Lenders as follows: 
  
 (a) Each Borrower
is a corporation or limited partnership organized or formed, as the case may be, validly existing and in good standing under the laws of the jurisdiction indicated on the signature pages hereto and in all other jurisdictions in which the failure to
be so qualified reasonably could be expected to constitute a Material Adverse Change; 
  
 (b) The execution, delivery, and performance by each Borrower of this Amendment are within such Borrower’s corporate or partnership
authority, have been duly authorized by all necessary corporate or partnership action and do not and will not (i) violate any provision of federal, state, or local law or regulation applicable to such Borrower, the Governing Documents of any
Borrower, or any order, judgment, or decree of any court or other Governmental Authority binding on any Borrower, (ii) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any material
contractual obligation of any Borrower, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any properties or assets of any Borrower, other than Permitted Liens, or (iv) require any approval of any
Borrower’s shareholders, partners, or members or any approval or consent of any Person under any material contractual obligation of any Borrower; 
  
 (c) The execution, delivery, and performance by each Borrower of this Amendment do not and will not require any registration with,
consent, or approval of, or notice to, or other action with or by, any Governmental Authority or other Person; 
  
 (d) This Amendment and all other documents contemplated hereby, when executed and delivered by each Borrower will be the legally valid and
binding obligations of such Borrower, enforceable against each Borrower in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws
relating to or limiting creditors’ rights generally; and 
  
 (e) No Default or Event of Default is existing. 
  
 7. Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which, taken together, shall constitute one and the same agreement. In
proving this Amendment in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Delivery of a signature page hereto by facsimile
transmission or by e-mail transmission of an adobe file format document (also known as a PDF file) shall be as effective as delivery of a manually executed counterpart hereof. 
  
 8. Reference to and Effect on the Loan Documents. Upon the effectiveness of this Amendment, on and after the date
hereof each reference in the Loan Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Loan Agreement, and each reference in the other Loan Documents to “the Loan
Agreement”, “thereunder”, “thereof” or words of like import referring to the Loan Agreement, shall mean and be a reference to the Loan Agreement as amended hereby. 
  
 9. Costs, Expenses and Taxes. The Borrowers agree to pay on demand all
reasonable costs and expenses in connection with the preparation, execution, and delivery of this Amendment and the other instruments and documents to be delivered hereunder, including, 

  

 7 

 
without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agent with respect thereto and with respect to advising the Agent as to
its rights and responsibilities hereunder and thereunder. 
  
 10.
Governing Law. This Amendment shall be deemed to be made pursuant to the laws of the State of Georgia with respect to agreements made and to be performed wholly in the State of Georgia, and shall be construed, interpreted, performed and
enforced in accordance therewith, without reference to the conflict or choice of laws provisions thereof. 
  
 11. Loan Document. This Amendment shall be deemed to be a Loan Document for all purposes. 
  
 [Signature pages follow] 
  

 8 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the day and year
first written above. 
  

									
	BORROWERS:	 	 	 	CELLSTAR CORPORATION, a Delaware corporation
					
	 	 	 	 	 	 	 By:
	 	/s/ Elaine Flud Rodriguez
	 	 	 	 	 	 	 Name: 
	 	 Elaine Flud Rodriguez

	 	 	 	 	 	 	 Title:
	 	 Sr. VP and General Counsel

				
	 	 	 	 	 	 	CELLSTAR, LTD., a Texas limited partnership
					
	 	 	 	 	 	 	By:	 	National Auto Center, Inc., its General Partner
					
	 	 	 	 	 	 	By:	 	/s/ Elaine Flud Rodriguez
	 	 	 	 	 	 	 Name: 
	 	 Elaine Flud Rodriguez

	 	 	 	 	 	 	 Title:
	 	 Sr. VP and General Counsel

				
	 	 	 	 	 	 	NATIONAL AUTO CENTER, INC., a Delaware corporation
					
	 	 	 	 	 	 	 By:
	 	/s/ Elaine Flud Rodriguez
	 	 	 	 	 	 	 Name: 
	 	 Elaine Flud Rodriguez

	 	 	 	 	 	 	 Title:
	 	 Sr. VP and General Counsel

				
	 	 	 	 	 	 	CELLSTAR FINANCO, INC., a Delaware corporation
					
	 	 	 	 	 	 	By:	 	/s/ Elaine Flud Rodriguez
	 	 	 	 	 	 	 Name: 
	 	Elaine Flud Rodriguez
	 	 	 	 	 	 	Title:	 	Sr. VP and General Counsel

  
 TWELFTH AMENDMENT TO
LOAN AGREEMENT 
  

 S-1 

			
	CELLSTAR INTERNATIONAL CORPORATION/SA, a Delaware corporation
		
	 By:
	 	 /s/ Elaine Flud Rodriguez

	 Name: 
	 	 Elaine Flud Rodriguez

	 Title:
	 	 Sr. VP and General Counsel

	
	CELLSTAR FULFILLMENT, INC., a Delaware corporation
		
	 By:
	 	 /s/ Elaine Flud Rodriguez

	 Name: 
	 	 Elaine Flud Rodriguez

	 Title:
	 	 Sr. VP and General Counsel

	
	CELLSTAR INTERNATIONAL CORPORATION/ASIA, a Delaware corporation
		
	 By:
	 	 /s/ Elaine Flud Rodriguez

	 Name: 
	 	 Elaine Flud Rodriguez

	 Title:
	 	 Sr. VP and General Counsel

	
	AUDIOMEX EXPORT CORP., a Texas corporation
		
	 By:
	 	 /s/ Elaine Flud Rodriguez

	 Name: 
	 	 Elaine Flud Rodriguez

	 Title:
	 	 Sr. VP and General Counsel

  
 TWELFTH AMENDMENT
TO LOAN AGREEMENT 
  

 S-2 

			
	NAC HOLDINGS, INC., a Nevada corporation
		
	 By:
	 	 /s/ Elaine Flud Rodriguez

	 Name: 
	 	 Elaine Flud Rodriguez

	 Title:
	 	 President

	
	CELLSTAR GLOBAL SATELLITE SERVICES, LTD., a Texas limited partnership
		
	 By:
	 	 National Auto Center, Inc., its General Partner

		
	 By:
	 	 /s/ Elaine Flud Rodriguez

	 Name: 
	 	 Elaine Flud Rodriguez

	 Title:
	 	 Sr. VP and General Counsel

	
	CELLSTAR FULFILLMENT LTD., a Texas limited partnership
		
	 By:
	 	CellStar Fulfillment, Inc., its General Partner
		
	 By:
	 	 /s/ Elaine Flud Rodriguez

	 Name: 
	 	 Elaine Flud Rodriguez

	 Title:
	 	 Sr. VP and General Counsel

  
 TWELFTH AMENDMENT
TO LOAN AGREEMENT 
  

 S-3 

									
	AGENT AND LENDERS:	 	 	 	WELLS FARGO FOOTHILL, INC., a California corporation, as Agent and as a Lender
					
	 	 	 	 	 	 	 By:
	 	 /s/ Robert Bernier

	 	 	 	 	 	 	 Name: 
	 	 Robert Bernier

	 	 	 	 	 	 	 Title:
	 	 VP

				
	 	 	 	 	 	 	FLEET CAPITAL CORPORATION, as a Lender
					
	 	 	 	 	 	 	 By:
	 	 /s/ H Michael Wills

	 	 	 	 	 	 	 Name: 
	 	 H Michael Wills

	 	 	 	 	 	 	 Title:
	 	 Senior Vice President

				
	 	 	 	 	 	 	TEXTRON FINANCIAL CORPORATION, as a Lender
					
	 	 	 	 	 	 	 By:
	 	 /s/ Greg Gentry

	 	 	 	 	 	 	 Name: 
	 	 Greg Gentry

	 	 	 	 	 	 	 Title:
	 	 Portfolio Manager

				
	 	 	 	 	 	 	PNC BANK NATIONAL ASSOCIATION, as a Lender
					
	 	 	 	 	 	 	 By:
	 	 /s/ Robin L. Arriola

	 	 	 	 	 	 	 Name: 
	 	 Robin L. Arriola

	 	 	 	 	 	 	 Title:
	 	 Vice President

  
 TWELFTH AMENDMENT TO
LOAN AGREEMENT 
  

 S-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]