Document:

10-K 2008 Exhibit 10.7

Exhibit 10.7

FOURTH AMENDMENT TO CREDIT AGREEMENT

THIS FOURTH AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered into as of December
11, 2008 by and between TEKELEC, a California corporation ("Borrower") and WELLS FARGO BANK, NATIONAL ASSOCIATION
("Bank"). 

RECITALS

WHEREAS, Borrower is currently indebted to Bank pursuant to the terms and conditions of that certain Credit
Agreement between Borrower and Bank dated as of December 15, 2004, as previously amended by that certain First Amendment to credit
Agreement dated December 15, 2005, that certain Second Amendment to Credit Agreement dated December 15, 2006 and that certain Third
Amendment to Credit Agreement dated December 15, 2007 (the "Credit Agreement").

WHEREAS, Bank and Borrower have agreed to terminate the Line of Credit under Section 1.1 (a) of the Credit
Agreement effective as of August 1, 2008 and to continue the Credit Agreement solely as a letter of credit facility having a maximum limit of
$5,000,000 as set forth in this Fourth Amendment, and have agreed to amend the Credit Agreement to reflect said changes. 

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree that the Credit Agreement shall be amended as follows:

1. The defined terms "Line of Credit", "Line of Credit Note" and "Prime Rate" are
deleted in their entirety.

"Maturity Date" means December 15, 2009.

The following defined terms are inserted in appropriate alphabetical order:

"Base Rate" means, for any day, a fluctuating rate equal to the highest of (i) the Prime Rate in effect on such
day, (ii) a rate determined by Bank to be one and one-half percent (1.50%) above Daily One Month LIBOR, and (iii) the Federal Funds Rate plus
one and one-half percent (1.50%).

"Daily One Month LIBOR" means, for any day, the rate of interest equal to LIBOR then in effect for delivery for
a one (1) month period.

"Federal Funds Rate" means, for any day, the rate per annum equal to the weighted average of the rates on
overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers for the immediately
preceding day, as published by the Federal Reserve Bank of New York; provided that if

no such rate is so published on any day, then the Federal
Funds Rate for such day shall be the rate most recently published.

"LIBOR" means the rate per annum (rounded upward, if necessary, to the nearest whole 1/8 of 1%) and determined pursuant
to the following formula:

	
LIBOR =
	
           Base LIBOR            
	 
	 	
100% - LIBOR Reserve Percentage
	 

"Base LIBOR" means the rate per annum for United States dollar deposits quoted by Bank for the purpose of calculating
effective rates of interest for loans making reference to the Daily One Month LIBOR Rate, as the Inter-Bank Market Offered Rate in effect from
time to time for delivery of funds for one (1) month in amounts approximately equal to the principal amount of such loans.  Borrower understands
and agrees that Bank may base its quotation of the Inter-Bank Market Offered Rate upon such offers or other market indicators of the Inter-Bank
Market as Bank in its discretion deems appropriate including, but not limited to, the rate offered for U.S. dollar deposits on the London Inter-Bank
Market.

"LIBOR Reserve Percentage" means the reserve percentage prescribed by the Board of Governors of the Federal
Reserve System (or any successor) for "Eurocurrency Liabilities" (as defined in Regulation D of the Federal Reserve Board, as
amended), adjusted by Bank for expected changes in such reserve percentage during a one (1) month period.

"Prime Rate" means at any time the rate of interest most recently announced within Bank at its principal office as its Prime
Rate, with the understanding that the Prime Rate is one of Bank's base rates and serves as the basis upon which effective rates of interest are
calculated for those loans making reference thereto, and is evidenced by the recording thereof after its announcement in such internal publication
or publications as Bank may designate.

2.  Sections 1.1 is deleted in its entirety, and the following is inserted in lieu thereof:

"SECTION 1.1.LETTER OF CREDIT LINE.

(a)  Subject to the terms and conditions of this Agreement, Bank hereby agrees from time to time during the term hereof
to issue or cause an affiliate to issue standby letters of credit in either USD or OAC for the account of Borrower for corporate purposes (each, a
"Letter of Credit"); provided however, that the aggregate undrawn amount of, and the aggregate amount drawn and not yet
reimbursed under, all outstanding Letters of Credit shall not at any time exceed the USD Equivalent Amount of  Five Million Dollars
($5,000,000.00) (the "Letter of Credit Line"), provided however, that any OAC-denominated Letters of Credit shall reduce the
availability under the Letter of Credit Line by an amount equal to 120% of the undrawn USD Equivalent Amount of such

outstanding OAC-denominated
Letters of Credit.  The form and substance of each Letter of Credit shall be subject to approval by Bank, in its reasonable discretion.
Except as expressly provided in paragraph 1.1(b) below, (X) each Letter of Credit shall be issued for a term not to exceed 12 months, as
designated by Borrower, and (Y) no Letter of Credit shall have an expiration date subsequent to the Maturity Date.   Each Letter of Credit shall be
subject to the additional terms and conditions of the Letter of Credit Agreements, applications and any related documents required by Bank and
agreed to by Borrower in connection with the issuance thereof.  Bank shall exercise its rights with respect to any collateral in the Pledged Account
for repayment of the amount of any drawing under any Letter of Credit (and Borrower shall be liable to Bank for any costs in connection therewith
to the extent any such collateral is other than cash).  If there are insufficient assets in the Pledged Account to repay any such drawing, Bank shall
debit any other account maintained by Borrower with Bank for the amount of any shortfall in the Pledged Account.  In the event any amounts
remain due and owing to Bank,  Borrower shall immediately pay to Bank the full USD Equivalent Amount of any such due and owing amounts,
together with interest thereon from the date such drawing is paid to the date such amount is fully repaid by Borrower, at the Base Rate.    In the
event of a conflict between the terms of the Letter of Credit Agreement and this Agreement, the terms of this Agreement shall prevail.

(b) As part of (and not in addition to) the Letter of Credit Line described in the preceding paragraph (i) Bank agrees that,
subject to the conditions set forth herein, certain Letters of Credit may have a term greater than twelve months and an expiration date subsequent
to the maturity date of the Letter of Credit (such Letters of Credit being referred to as "Post Maturity Letters of Credit").  No Post
Maturity Letter of Credit shall have an expiration date subsequent to December 15, 2010.  The aggregate undrawn amount of, and the aggregate
amount drawn and not yet reimbursed under, all outstanding Post Maturity Letters of Credit shall not at any time exceed the USD Equivalent
Amount of Five Million Dollars ($5,000,000.00). Borrower shall continue to maintain Sufficient Assets in the Pledged Account with respect to the
Post Maturity Letters of Credit, for so long as any Post Maturity Letter of Credit is outstanding, as collateral security for the repayment of any
drawings made under any Post Maturity Letters of Credit and Borrower hereby grants to Bank a security interest in all such Sufficient Assets.
Borrower shall deliver to Bank any additional agreements and documents reasonably requested by Bank to evidence such security interest and
control of the Sufficient Assets so delivered.  Each drawing paid under a Post Maturity Letter of Credit that occurs on or after the maturity date of
the Letter of Credit Line shall be immediately paid by Borrower to Bank in full in the USD-Equivalent Amount drawn, and in any event no later
than the first Business Day after borrower receives notice of such drawing.  In the event that Borrower fails to pay the amounts set forth in the
preceding sentence by the first Business Day after demand therefor, Borrower agrees that Bank in its sole discretion, may debit any account
maintained by Borrower with the Bank or apply any of the collateral for the amount of any such drawing. Borrower's obligations under the Credit
Agreement shall survive the maturity date of the Line of Credit. "

(c)The Letters of Credit Identified on Schedule 1 hereto that are outstanding as of the date hereof shall be deemed to
be Letters of Credit hereunder."

3.  Section 1.2(c)  is hereby amended by deleting the words "Line of Credit" in the third line thereof and inserting in lieu
thereof the words "Letter of Credit Line".

4. Section 2.5 is hereby amended by deleting the words "June 30, 2007" in the second line thereof and inserting the
words "June 30, 2008" in lieu thereof.

5.  The Agreement is hereby amended by adding the following as Section 2.12 thereof:

"Section 2.12.Other Loan Documents. All of the Loan Documents previously executed by Borrower remain in full force and effect,
and are binding on and enforceable against Borrower in accordance with their respective terms, including without limitation the Letter of Credit
Agreement dated December 15, 2007, the Security Agreement dated December 15, 2004 and the Securities Account Control Agreement dated
December 15, 2004."

6.  The introductory paragraph of Section 3.1 of the Agreement is hereby amended by (a) deleting the words "Initial Extension of
Credit" in the first line thereof and inserting the words "Effectiveness of this Fourth Amendment to Credit Agreement", and (b)
deleting the words ""extend any credit" in the second line thereof and inserting the words "issue any Letter of Credit"
in lieu thereof.

7. Section 3.1(b) of the Agreement is hereby deleted in its entirety, and the following is inserted in lieu thereof:

"(b)Documentation.  Bank shall have received, in form and substance reasonably satisfactory to Bank, each duly
executed, this Amendment and such other documents as Bank may require under any other Section of this Agreement."

8.  Section 3.1(c) of the Agreement is hereby amended by deleting the words "June 30, 2007" in the first line thereof and
inserting the words "June 30, 2008" in lieu thereof.

9.  The introductory paragraph of Section 3.2 is hereby amended by (a) deleting the words "EACH EXTENSION OF CREDIT"
in the first line thereof and inserting the words "ISSUANCE OR EXTENSION OF ANY LETTER OF CREDIT" in lieu thereof, and (b)
deleting the words "make each extension of credit" in the second line thereof and inserting the words "issue or extend each
Letter of Credit"; and Section 3.2(c) is hereby amended by deleting the words "advance or".

10.  The introductory paragraph to Article IV of the Agreement is hereby amended by deleting the words "Bank remains committed
to extend credit to Borrower" and inserting the words "any Letter of Credit remains outstanding or Bank remains committed to issue
any Letter of Credit" in lieu thereof.

11. Effective as of August 1, 2008, Section 4.3 is hereby amended by deleting the existing paragraphs "(a)" and
"(b)" of such  section and replacing same with the following new paragraphs: 

"(a) not later than 5 days after request by Bank to be no sooner than 90 days after the end of each fiscal year, an audited financial
statement of Borrower, prepared by certified public accountants acceptable to Bank to include any balance sheet, income statement, statement of
cash flows and footnotes, and copies of Borrower's filed 10K report for such year if such information has not been filed with the Securities and
Exchange Commission and is not available on the EDGAR site at www.sec.gov or any successor government site;

(b) not later than 5 days after request by Bank to be no sooner than 45 days after the end of each fiscal quarter, a financial statement of
Borrower, prepared by Borrower as of the end of each fiscal quarter, to include balance sheet, income statement and statement of cash flows,
and copies of Borrower's filed 10Q report for Borrower's most recent fiscal Quarter if such information has not been filed with the Securities and
Exchange Commission and is not available on the EDGAR site at www.sec.gov or any successor government site;"

12.  Section 4.9(a) is hereby amended by deleting the words "September 30, 2007" in each of the second and third lines thereof,
and inserting the words "September 30, 2008" in lieu thereof.

13.Except as expressly set forth herein, all terms and conditions of the Credit Agreement remain in full force and effect as may have
been previously amended, without waiver or modification.  

 

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

	 	
Wells Fargo Bank,

	
TEKELEC
	
NATIONAL ASSOCIATION

 

 

	
By: 
	
William H. Everett
	 	
By: 
	
Fareed Ajani
	 
	
Title: 
	
EVP & CFO
	 	
Title:
	
Vice President10-K 2008 Exhibit 10.9

Exhibit 10.9

FIRST AMENDMENT

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is made and
entered into as of December 10, 2008 by and between TEKELEC, a California corporation (the "U.S. Borrower"), Tekelec
International, SPRL, a societe privee a responsabilité limitée organized under the laws of the Kingdom of Belgium (the
"Belgian Borrower", and together with the U.S. Borrower, each a "Borrower" and collectively, the
"Borrowers"), the lenders who are or may become a party to this Agreement (collectively, the "Lenders")
and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association, as Administrative Agent for the Lenders (the
"Administrative Agent").

STATEMENT OF PURPOSE

The Lenders have extended certain credit facilities to the Borrowers pursuant to the Credit Agreement, dated October
2, 2008 by and among the Borrowers, the Lenders and the Administrative Agent (as amended, restated, supplemented or otherwise modified from
time to time, the "Credit Agreement").

The Borrowers have requested that the Lenders amend the Credit Agreement pursuant to the terms of this Amendment.
Subject to the terms and conditions set forth herein, the Lenders party hereto are willing to agree to such modifications.

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

	 Capitalized Terms.  All capitalized terms used and not defined herein shall have the meanings assigned
thereto in the Credit Agreement.

	 Amendments.  Pursuant to Section 14.2 of the Credit Agreement and effective in accordance with
Section 3 hereof, the Lenders hereby agree as follows:

(a)Section 8.2 of the Credit Agreement is hereby amended by deleting such section in its entirety and
substituting, in lieu thereof, the following new Section 8.2 to read as follows:

"SECTION 8.2  Officer's Compliance Certificate.  At each time financial statements are delivered pursuant to
Sections 8.1(a) or (b) and at such other times as the Administrative Agent shall reasonably request, an Officer's Compliance
Certificate and an accompanying schedule setting forth all the earn-out obligations and deferred payments in connection any Permitted
Acquisitions."

(b)Section 11.1 of the Credit Agreement is hereby amended by adding the following new subsection (m)
to read as follows:

"(m)Indebtedness of the Borrowers or any of their Subsidiaries in connection with any earn-outs or deferred
payments (valued at the maximum amount payable thereunder) pursuant to any Permitted Acquisitions permitted under Section
11.3(c)." 

(c)Section 11.3(c) of the Credit Agreement is hereby amended by deleting such subsection in its entirety
and substituting, in lieu thereof, the following new subsection (c) to read as follows:

"(c)(i) investments by the Borrowers or any of their Subsidiaries in the form of Permitted Acquisitions and (ii) any
investments, loans and advances by the U.S. Borrower or any Pledged Foreign Subsidiary to any Pledged Foreign Subsidiary or any Wholly-Owned
Subsidiary of a Pledged Foreign Subsidiary, the proceeds of which will be used exclusively for Permitted Acquisitions;"

	 Conditions to Effectiveness.  Upon receipt by the Administrative Agent of a duly executed counterpart of this
Amendment from each Credit Party and the Lenders, this Amendment shall be deemed to be effective as of the date above stated (the
"First Amendment Effective Date").

	 Limited Effect of Amendment.  Except as expressly modified herein, the Credit Agreement and the Loan
Documents shall continue to be, and shall remain, in full force and effect.  This Amendment shall not be deemed (a) to be a waiver of, or consent to,
or a modification or amendment of, any other term or condition of the Credit Agreement or any other Loan Document or (b) to prejudice any other
right or remedies which the Administrative Agent or the Lenders may now have or may have in the future under or in connection with the Credit
Agreement or the other Loan Documents or any of the instruments or agreements referred to therein, as the same may be amended, restated or
otherwise modified from time to time.  On and after the effectiveness of this Amendment, each reference in the Credit Agreement to "this
Agreement", "hereunder," "hereof" or words of like import referring to the Credit Agreement, and each reference in the
Credit Agreement, the Notes and each of the other Loan Documents to "the Credit Agreement", "thereunder",
"thereof" or words of lie import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended
by this Amendment.  This Amendment constitutes a "Loan Document" as defined in the Credit Agreement.

	 Representations and Warranties.  After giving effect to the amendments set forth herein, each Borrower
hereby certifies that (a) each of the representations and warranties set forth in the Credit Agreement and the other Loan Documents is true and
correct in all material respects as of the First Amendment Effective Date as if fully set forth herein (except for any representation and warranty made
as of an earlier date, which representation and warranty shall remain true and correct as of such earlier date) and (b) no Default or Event of Default
has occurred and is continuing as of the First Amendment Effective Date.

	 Release.  For and in consideration of the agreements of the Administrative Agent and the other Lenders
contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Borrowers hereby
forever release and discharge the Administrative Agent and the Lenders, each of their respective officers, directors, employees, agents, affiliates,
representatives, successors and assigns (collectively, the "Released Parties") from any and all claims, causes of actions,
damages and liabilities of any nature whatsoever, known or unknown, which the Borrowers ever had, now has or might hereafter have against one
or more of the Released Parties which relates, directly or indirectly, to the Loan

Documents or the transactions relating thereto (collectively
"Claim"), to the extent that any such Claim shall be based in whole or in part upon facts, circumstances, actions or events
existing on or prior to the date hereof.  

	 Covenant Not to Sue.  The Borrowers, on behalf of itself and its successors, assigns, and other legal
representatives, hereby absolutely, unconditionally and irrevocably, covenant and agree with and in favor of each Released Party that it will not sue
(at law, in equity, in any regulatory proceeding or otherwise) any Released Party on the basis of any Claim released, remised and discharged by the
Borrowers pursuant to Section 6 above.  If the Borrowers or any of its respective successors, assigns or other legal representatives, or any Loan
Party, or its respective successors, assigns, and other legal representatives violates the foregoing covenant, each of the Borrowers, for itself and its
respective successors, assigns and legal representatives, agrees to pay, in addition to such other damages as any Released Party may sustain as
a result of such violation, all reasonable attorneys' fees and costs incurred by any Released Party as a result of such violation.

	 Miscellaneous.

	 Governing Law.  This Amendment shall be governed by, construed and enforced in accordance with the laws
of the State of New York.

	 Entire Agreement.    This Amendment is the entire agreement, and supersedes any prior agreements and
contemporaneous oral agreements, of the parties concerning its subject matter.  In the event there is a conflict or inconsistency between this
Amendment and the Credit Agreement, the terms of this Amendment shall control.

	 Successors and Assigns.  This Amendment shall be binding on and inure to the benefit of the parties and their
beneficiaries, successors and assigns.

	 Further Assurances.  The parties hereto shall execute and deliver such additional documents and take such
additional action as may be necessary or desirable to effectuate the provisions and purposes of this Amendment.

	 Counterparts.  This Amendment may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original and shall be binding upon all parties, their
successors and assigns, and all of which taken together constitute one and the same agreement.

	 Facsimile Transmission.  A facsimile, telecopy or other reproduction of this Amendment may be executed by
one or more parties hereto, and an executed copy of this Amendment may be delivered by one or more parties hereto by facsimile or similar
instantaneous electronic transmission device pursuant to which the signature of or on behalf of such party can be seen, and such execution and
delivery shall be considered valid, binding and effective for all purposes.  At the request of any party hereto, all parties hereto agree to execute an
original of this Amendment as well as any facsimile, telecopy or other reproduction hereof.

[Signature Pages To Follow]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date and year first
above written.
TEKELEC, 

as Borrower and Borrower Agent

By:    /s/ William H. Everett

   Name:    William H. Everett

   Title:    EVP & CFO

 

TEKELEC INTERNATIONAL, SPRL,

as Borrower

By:    /s/ William H. Everett

   Name:    William H. Everett

   Title:    Manager

 

 

AGENTS AND LENDERS:

WACHOVIA BANK, NATIONAL ASSOCIATION, 

   as Administrative Agent, Swingline Lender, Issuing
 Lender and Lender

 By:    /s/ C. Douglass Riddle

   Name:    C. Douglass Riddle

   Title:    Senior Vice President

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