Document:

Exhibit 10.5

 Exhibit 10.5 
 FIRST AMENDMENT 
 FIRST AMENDMENT, dated as of February 28, 2007 and effective as of March 15,
2007 (this “Amendment”), to the Competitive Advance and Revolving Credit Agreement, dated as of February 27, 2004 and effective as of March 15, 2004 (as amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among GANNETT CO., INC., a Delaware corporation (“Gannett”), the several banks and other financial institutions parties to the Credit Agreement prior to the date hereof (the “Existing
Lenders”), the several banks and other financial institutions parties to this Amendment but not parties to the Credit Agreement prior to the date hereof (the “New Lenders” and, together with the Existing Lenders, the
“Lenders”), BANK OF AMERICA, N.A., as administrative agent (in such capacity, the “Administrative Agent”), JPMORGAN CHASE BANK, N.A., as syndication agent, and BARCLAYS BANK PLC, CITIBANK N.A., THE BANK OF
TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, MIZUHO CORPORATE BANK LTD, and SUNTRUST BANK, as Documentation Agents and Banc of America Securities LLC and J.P.Morgan Securities Inc. as joint lead arrangers and joint bookrunners. 
 W I T N E S S E T H: 
 WHEREAS, Gannett has requested certain amendments to the Credit Agreement; 
 WHEREAS, the parties are willing to consent to the requested amendments on the terms and conditions contained herein; 
 NOW THEREFORE, the parties hereto hereby agree as follows: 
 1. Defined Terms. Unless otherwise
defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 2.
Amendment to Section 1.1. Section 1.1 of the Credit Agreement is hereby amended by deleting therefrom the definition of “Applicable Margin” and substituting in lieu thereof the following definition: 
 “Applicable Margin”: the appropriate rate per annum set forth in the table below opposite the applicable Facility:

  

			
	 Credit Status
	  	 Five-Year Facility

	Credit Status 1	  	10.00 Basis Points
	Credit Status 2	  	14.00 Basis Points
	Credit Status 3	  	18.00 Basis Points
	Credit Status 4	  	27.00 Basis Points
	Credit Status 5	  	35.00 Basis Points
	Credit Status 6	  	40.00 Basis Points

 3. Amendment to Section 1.1. Section 1.1 of the Credit Agreement is hereby
amended by deleting therefrom the definition of “Five-Year Termination Date” and substituting in lieu thereof the following definition: 
 “Five-Year Termination Date”: March 15, 2012. 
 4. Amendment to Section 1.1. Section 1.1 of
the Credit Agreement is further amended by deleting therefrom the definition of “Five-Year Commitment Period” and substituting in lieu thereof the following definition: 
 “Five Year Commitment Period”: the period from and including the First Amendment Effective Date to the Five-Year Termination Date.

 5. Amendment to Section 1.1. Section 1.1 of the Credit Agreement is further amended by adding the definitions of
“First Amendment” and “First Amendment Effective Date” as follows: 
 “First Amendment” means the First
Amendment to the Agreement dated as of March 15, 2007, among Gannett, the Lenders and the Administrative Agent. 

 “First Amendment Effective Date” means the date on which the conditions precedent set
forth in paragraph 10(b) of the First Amendment shall have been satisfied or waived. 
 6. Amendment to Schedule 1.1. Schedule 1.1 to
the Credit Agreement is hereby amended by deleting the columns entitled “Lender” and “Five-Year Commitment” where they appear in such Schedule and substituting in lieu thereof the columns entitled “Lender” and
“Five-Year Commitment” set forth on Schedule 1.1 attached hereto. 
 7. Amendment to Section 2.1. Clause (i) of
the second sentence of Section 2.1(d) of the Credit Agreement is hereby amended in its entirety, as follows: 
 “(i)
the sum of the aggregate principal amount of the Incremental Facility Commitments and any increase in the Five-Year Commitments shall not exceed $1,000,000,000 after the First Amendment Effective Date.” 
 8. Amendment to Section 2.10. Section 2.10 (“Fees”) is amended in its entirety as follows: 
 “(a) [reserved] 
 (b) Gannett shall pay to the Administrative Agent, for the ratable account of the Five-Year Lenders, a facility fee (the “Five-Year Facility Fee”) at the rate per annum equal to (i) for each day that Gannett has Credit
Status 1, .0500% of the aggregate Five-Year Commitments on such day, (ii) for each day that Gannett has Credit Status 2, .0600% of the aggregate Five-Year Commitments on such day, (iii) for each day that Gannett has Credit Status 3, .0700%
of the aggregate Five-Year Commitments on such day, (iv) for each day that Gannett has Credit Status 4, .0800% of the aggregate Five-Year Commitments on such day, (v) for each day that Gannett has Credit Status 5, .1000% of the aggregate
Five-Year Commitments on such day and (vi) for each day that Gannett has Credit Status 6, .1500% of the aggregate Five-Year Commitments on such day. On the first Business Day following the last day of each fiscal quarter of Gannett and on the
Five-Year Termination Date (or, if earlier, on the date upon which both the Five-Year Commitments are terminated and the Five-Year Loans are paid in full), Gannett shall pay to the Administrative Agent, for the ratable benefit of the Lenders, the
portion of the Five-Year Facility Fee which accrued during the fiscal quarter most recently ended (or, in the case of the payment due on the Five-Year Termination Date, the portion thereof ending on such date). Such facility fee shall be based upon
the aggregate Five-Year Commitments of the Five-Year Lenders from time to time, regardless of the utilization by Gannett from time to time thereunder. 
 (c) Gannett shall pay to the Administrative Agent, for the ratable account of the Lenders, a utilization fee (the “Utilization Fee”) at a rate per annum equal to 0.05% for each day on which the
Commitment Utilization Percentage exceeds 50%, which Utilization Fee shall accrue on the average daily amount of the Total Extensions of Credit for each Excess Utilization Day during the term of this Agreement. All Utilization Fees shall be computed
on the basis of the actual number of days elapsed in a year of 360 days and shall be payable quarterly in arrears.” 
 9. Amendment
to Section 2.18. Section 2.18 (“Replacement of Lenders”) is amended in its entirety as follows: 
 “(a) Gannett shall be permitted to replace any Lender that (a) requests reimbursement for amounts owing pursuant to Section 2.14 or 2.15(a), (b) defaults in its obligation to make Loans hereunder or (c) is a
“Non-Consenting Lender” (as defined below in this Section 2.18), provided that all such Non-Consenting Lenders are replaced with a replacement financial institution and/or one or more increased Five-Year Commitments from one or more
other Lenders; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) prior to any such replacement, such Lender shall have taken no action under Section 

 
2.17 so as to eliminate the continued need for payment of amounts owing pursuant to Section 2.14 or 2.15(a), (iii) the replacement financial
institution shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or prior to the date of replacement, (iv) Gannett shall be liable to such replaced Lender under Section 2.16 if any Eurodollar Loan owing to
such replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (v) the replacement financial institution, if not already a Lender, shall be reasonably satisfactory to the Administrative Agent,
(vi) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 9.6 (provided that Gannett shall be obligated to pay the registration and processing fee referred to therein),
(vii) until such time as such replacement shall be consummated, Gannett shall pay all additional amounts (if any) required pursuant to Section 2.14 or 2.15(a), as the case may be, (viii) any such replacement shall not be deemed to be
a waiver of any rights that Gannett, the Administrative Agent or any other Lender shall have against the replaced Lender, and (ix) the replacement financial institution shall consent, at the time of such assignment, to each matter in respect of
which such Non-Consenting Lenders refused to consent. 
 (b) In the event that (i) Gannett or the Administrative Agent
has requested the Lenders to consent to a departure or waiver of any provisions of the Loan Documents or to agree to any amendment thereto, (ii) the consent, waiver or amendment in question requires the agreement of all Lenders in accordance
with the terms of Section 9.1 and (iii) the Required Lenders have agreed to such consent, waiver or amendment, then any Lender who does not agree to such consent, waiver or amendment shall be deemed a “Non-Consenting
Lender.” 
 10. Effectiveness. 
 (a) Paragraph 9 of this Amendment shall become effective as of the date (the “Required Lender Effective Date”) on which all of the following conditions precedent have been satisfied: 
 (i) The Administrative Agent shall have received (i) counterparts hereof duly executed by Gannett and the Administrative Agent and
(ii) an executed consent letter from Existing Lenders constituting Required Lenders authorizing the Administrative Agent to enter into this Amendment; 
 (ii) The Lenders and the Administrative Agent shall have received all fees required to be paid on or before the date hereof in connection with this Amendment or the Credit Agreement. 
 (b) Paragraphs 2 through 8 of this Amendment shall become effective as of the date (the “Unanimous Lender Effective
Date”) on which all of the following conditions precedent have been satisfied: 
 (i) The Administrative Agent shall
have received (i) counterparts hereof duly executed by Gannett and the Administrative Agent and (ii) an executed consent letter from each Existing Lender (other than any Existing Lender which is an Exiting Lender (as defined below)) and
each New Lender authorizing the Administrative Agent to enter into this Amendment; 
 (ii) The Administrative Agent shall have
received a certificate from the Secretary of Gannett certifying, as of the date of this Amendment, to resolutions duly adopted by the Board of Directors of Gannett or a duly authorized committee thereof authorizing Gannett’s execution and
delivery of this Amendment and the making of the Borrowings; and 
 (iii) The Lenders and the Administrative Agent shall have
received all fees required to be paid on or before the date hereof in connection with this Amendment or the Credit Agreement. 
 11.
Representations and Warranties. Gannett hereby represents and warrants that, on and as of the Required Lender Effective Date and/or the Unanimous Lender Effective Date, after giving effect to all or part of this Amendment: 
 (a) No Default or Event of Default has occurred and is continuing; and 
  

 (b) Each of the representations and warranties of Gannett in the Credit Agreement and this Amendment is
true and correct in all material respects, as if made on and as of the date hereof; and since December 25, 2005 there has been no Material change in the business or financial condition of Gannett and its Subsidiaries taken as a whole that has
not been publicly disclosed. 
 12. New Lenders. By executing this Amendment, each New Lender: 
 (a) Agrees to be bound by the provisions of the Credit Agreement, and agrees that it shall, on the date of this Amendment, become a “Lender” (as
defined in the Credit Agreement) for all purposes of the Credit Agreement to the same extent as if originally a party thereto; and 
 (b)(i)
Represents and warrants that it is legally authorized to enter into this Amendment; (ii) confirms that it has received a copy of the Credit Agreement, and such other documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Amendment; (iii) agrees that it has made and will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement or any instrument or document furnished pursuant hereto or thereto; (iv) appoints and authorizes the Administrative
Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement or any instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms
thereof, together with such powers as are incidental thereto; and (v) agrees that it will be bound by the provisions of the Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of the Credit
Agreement are required to be performed by it as a Lender including, without limitation, if it is organized under the laws of a jurisdiction outside the United States, its obligation pursuant to Section 2.15(d) of the Credit Agreement.

 13. Exiting Five-Year Lenders. The Five-Year Commitment of each Lender whose name does not appear on Schedule 1.1 attached hereto
(the “Exiting Lender”) will terminate on the date hereof upon repayment in full of all amounts, if any, owing to it under the Credit Agreement on the date hereof. On the date hereof, if necessary, Gannett shall effect such
borrowings and repayments among the Five-Year Lenders (which, notwithstanding the provisions of subsection 2.13 of the Credit Agreement, need not be pro rata among the Five-Year Lenders) so that, after giving effect thereto, the respective principal
amounts of the Five-Year Loans held by the Five-Year Lenders shall be pro rata according to their respective Five-Year Commitment Percentages, as amended hereby (Gannett being obligated to pay the amounts, if any, due pursuant to subsection 2.16 of
the Credit Agreement in connection with such prepayments). 
 14. Continuing Effect. Except as expressly amended hereby, the Credit
Agreement shall continue to be and shall remain in full force and effect in accordance with its terms. From and after the date hereof, all references in the Credit Agreement thereto shall be to the Credit Agreement as amended hereby. 
 15. Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof.

 16. Headings. Section headings used in this Amendment are for convenience of reference only, are not part of this Amendment and are
not to affect the constructions of, or to be taken into consideration in interpreting, this Amendment. 
 17. GOVERNING LAW. THIS
AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 18. Expenses. Gannett agrees to pay or reimburse the Administrative Agent for all of its
reasonable out-of-pocket costs and expenses incurred in connection with the preparation, negotiation and execution of this Amendment, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent.

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

			
	GANNETT CO., INC.
		
	By:	 	 /s/ Michael A. Hart

	Name:	 	Michael A. Hart
	Title:	 	Vice President & Treasurer
	
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /s/ Thomas J. Kane

	Name:	 	Thomas J. Kane
	Title:	 	Senior Vice President

 SCHEDULE 1.1 
  

				
	 Lenders
	  	Five-Year
Commitment
	 Bank of America, N.A.
	  	$	178,125,000
	 JPMorgan Chase Bank, N.A.
	  	 	168,750,000
	 Citibank N.A.
	  	 	147,500,000
	 Barclays Bank PLC
	  	 	145,625,000
	 SunTrust Bank
	  	 	143,750,000
	 Mizuho Corporate Bank LTD
	  	 	140,000,000
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch
	  	 	81,250,000
	 Bank of Tokyo-Mitsubishi UFJ Trust Company
	  	 	48,750,000
	 Lloyds TSB Bank, plc
	  	 	125,000,000
	 Sumitomo Mitsui Banking Corporation
	  	 	75,000,000
	 Wells Fargo Bank, National Association
	  	 	65,625,000
	 U.S. Bank National Association
	  	 	46,875,000
	 Fifth Third Bank
	  	 	41,250,000
	 The Northern Trust Company
	  	 	37,500,000
	 The Bank of New York
	  	 	35,000,000
	 First Hawaiian Bank
	  	 	28,125,000
	 LaSalle Bank Midwest N.A.
	  	 	26,250,000
	 Bank of Hawaii
	  	 	18,750,000
	 Mellon Bank, N.A.
	  	 	9,375,000
		  	 	 
	 Total
	  	$	1,562,500,000Offer Letter, Dated April 6, 2006

 Exhibit 10.1 
 April 6, 2006 
 Dean J. Westman 
 47669 Fremont
Blvd. 
 Fremont, CA 94538, USA 
 Dear Dean: 
 I am pleased to offer you a position with Ikanos Communications, Inc. (the “Company”) as General Manager, Network Business reporting directly to Rajesh Vashist,
Chairman and Chief Executive Officer. We would like you to start your employment with the Company no later than Friday, 14th April. We ask that you accept this offer by returning a signed copy of it by no later than Friday, 7th April. 
 We are pleased to offer you an annual salary of $190,000.00, which will be paid to you bi-weekly. Also, we are pleased to offer you a comprehensive package of employee
benefits including health, dental, vision, income protection and a 401 (k) savings plan. You will be eligible to accrue fifteen days of paid time-off per year. This time may be used for vacation, personal time off or sick time. In addition,
Ikanos observes ten scheduled holidays and two floating holidays per year. For this calendar year, if your hire date is on or before June 30, you will receive two floating holidays. You will receive one floating holiday this calendar year if
your hire date is after June 30. You should note that the Company may modify salaries and benefits from time to time, as it deems necessary. 
 An
important component of our compensation package includes the opportunity for ownership in our Company. After your date of employment and upon approval of the Company’s Board of Directors, the Company will grant you an option to purchase 100,000
shares of the Company’s common stock under the Company’s Stock Option Plan. The price of the shares will be determined by the closing market price of the company stock on the day prescribed by the Company. These options will be subject to
the terms and conditions of the Company’s Stock Option Plan and Stock Option Agreement. The vesting schedule will be 25% after 12 months of employment and 1/48th per month thereafter. You will receive acceleration of vesting as it
currently applies to Vice Presidents. 
 You will also be eligible to participate in the Executive Bonus Program at a target bonus potential of 40%. Goals
for the fiscal year will be established between you and Rajesh when you join the Company. 
 The Company will reimburse your relocation expenses, based on
actual expenses incurred during a 12 month period from your date of hire, up to a limit of $28,000.00. Some of these expenses may be included as taxable income on your W-2. If you leave the company prior to 18 months, you will be required to
reimburse the relocation expenses on a pro-rata basis. We will rent an apartment for you for your first two weeks of employment upon arriving in Fremont. 
 You should be aware that your employment with the Company is for no specified period and constitutes at will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to
conclude its employment relationship with you at any time, with or without cause, and with or without notice. Your continued employment with the Company is contingent upon the successful completion of a background check. Upon completion of this,
Human Resources will confirm your employment status with the Company. 
 You will be eligible for a performance and salary review as part of Ikanos’
annual performance review process in the first quarter of each year. 
 For purposes of federal immigration law, you will be required to provide to the
Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be
terminated. 
 As a Company employee, you will be expected to abide by company rules and regulations. You will be expected to sign and comply with an
Employment, Confidential Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company and non-disclosure of
proprietary information. 
 You agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation,
consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to
the Company. 
 To indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below and return it to me. A
duplicate original is enclosed for your records. This letter, along with the agreement relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or
agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by an officer of the Company and by you. 

 Dean, Ikanos is an exciting endeavor. We are delivering on a strategy in the market that will cement our competitive
position; and you, and your contributions will be an important component of our success. We look forward to working with you at Ikanos Communications, Inc. 
 Please call me with any questions that you may have about this offer. 
 Sincerely, 
 Chris Smith 
 Vice President, Human Resources 
 Accepted and agreed to: 
 Date: 04/10/06 
  

	
	 /s/ Dean Westman

	Employee Signature

 Enclosures: 
 Employment, Confidential Information, Invention Assignment and Arbitration Agreement Company Code of Ethics 
 Insider Trading Policy

 Duplicate Original Offer Letter

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