Document:

Exhibit 10.3

Exhibit 10.3

AMENDMENT NO. 2 TO

LOAN AND SECURITY AGREEMENT AND WAIVER

This AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENT AND WAIVER, dated as of August 2, 2011,
but effective as of June 30, 2011 (this “Amendment No. 2”), is by and among Wells Fargo Capital
Finance, LLC, successor by merger to Wachovia Capital Finance Corporation (New England), in its
capacity as agent pursuant to the Loan Agreement defined below (in such capacity, “Agent”), the
parties to the Loan Agreement as lenders (individually, each a “Lender” and collectively,
“Lenders”), Viasystems Technologies Corp., L.L.C., a Delaware limited liability company
(“Technologies”), Viasystems Corporation, an Oregon corporation formerly known as Merix Corporation
(“Merix” and, together with Technologies, each individually a “Borrower” and collectively,
“Borrowers”), Viasystems, Inc., a Delaware corporation (“Parent”), Viasystems International, Inc.,
a Delaware corporation (“International”) and Merix Asia, Inc., an Oregon corporation (“Asia” and
together with Parent and International, each individually a “Guarantor” and collectively,
“Guarantors”).

W I T N E S S E T H :

WHEREAS, Agent, Lenders, Borrowers and Guarantors have entered into financing arrangements
pursuant to which Lenders (or Agent on behalf of Lenders) may make loans and advances and provide
other financial accommodations to Borrowers as set forth in the Loan and Security Agreement, dated
February 16, 2010, by and among Agent, Lenders, Borrowers and Guarantors, as amended by Amendment
No. 1 to Loan and Security Agreement, dated as of March 24, 2010 (as the same now exists or may
hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, the “Loan
Agreement”) and all other agreements, documents and instruments referred to therein or at any time
executed or delivered in connection therewith or related thereto, including, without limitation,
this Amendment No. 2 (all of the foregoing, including the Loan Agreement, as the same now exist or
may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, being
collectively referred to herein as the “Financing Agreements”);

WHEREAS, Events of Default have occurred and are continuing under the Loan Agreement as a
result of the Borrowers’ failure to comply with Section 9.17(b) of the Loan Agreement for each of
the twelve-month periods ending May 31, 2011 and June 30, 2011 (collectively, the “Subject
Default”), and Borrowers and Guarantors have requested that Agent and Lenders waive, and Agent and
Lenders have agreed to waive, the Subject Default as of June 30, 2011 (the “Waiver Effective
Date”), subject to the terms and conditions set forth herein;

WHEREAS, Borrowers and Guarantors have also requested that Agent and Lenders agree to make
certain amendments to the Loan Agreement, and Agent and Lenders are willing to make such
amendments, subject to the terms and conditions set forth herein; and

WHEREAS, by this Amendment No. 2, Agent, Lenders, Borrowers and Guarantors intend to evidence
such waiver and amendments;

 

 

 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements and covenants
contained herein, the parties hereto agree as follows:

1. Definitions.

(a) Additional Definition. As used herein or in the Financing Agreements, (i) the
term “Amendment No. 2” shall mean Amendment No. 2 to Loan and Security Agreement and Waiver, dated
as of June 30, 2011, by and among Borrowers, Guarantors, Agent and Lenders, as the same now exists
or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, and
(ii) the term “Amendment No. 2 Effective Date” shall mean the first date on which the conditions
precedent set forth in Section 7 hereof are satisfied, and in each case the Loan Agreement and the
other Financing Agreements shall be deemed and are hereby amended to include, in addition and not
in limitation, such definitions.

(b) New Definitions.

(i) The definition of “Applicable Margin” in Section 1.10 of the Loan Agreement is hereby
amended by deleting the table included therein in its entirety and replacing it with the following:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Applicable	 	 	 	 
	 	 	 	 	Applicable	 	 	Margin for	 	 	 	 
	 	 	“Monthly Average	 	Margin for Prime	 	 	Eurodollar Rate	 	 	Applicable L/C	 
	 	 	Excess Availability	 	Rate Loans	 	 	Loans	 	 	Rate	 
	Tier 1
	 	$40,000,000	 	 	.75	%	 	 	2.25	%	 	 	2.25	%
	 
	 	or greater	 	 	 	 	 	 	 	 	 	 	 	 
	Tier 2
	 	Less than	 	 	1.00	%	 	 	2.50	%	 	 	2.50	%
	 
	 	$40,000,000 and	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	greater than or equal	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	to $20,000,000	 	 	 	 	 	 	 	 	 	 	 	 
	Tier 3
	 	Less than	 	 	1.25	%	 	 	2.75	%	 	 	2.75	%”
	 
	 	$20,000,000	 	 	 	 	 	 	 	 	 	 	 	 

(ii) The definition of “Borrowing Base” in Section 1.18(a)(ii) of the Loan Agreement is hereby
amended by deleting such Section in its entirety and replacing it with the following:

“(ii) the lesser of (A) eighty-five percent (85%) of Eligible Accounts in respect of
which the account debtor is an Approved Foreign Account Debtor, or (B) $15,000,000,
plus”

 

2

 

(iii) The definition of “Fixed Charge Adjusted EBITDA” in Section 1.64 of the Loan Agreement
is hereby amended by deleting such Section in its entirety and replacing it with the following:

“1.64 ‘Fixed Charge Adjusted EBITDA’ shall mean, as to any Person, with respect to any
period, an amount equal to: (a) the Consolidated Net Income of such Person for such period,
plus (b) depreciation, amortization and other non-cash charges (including, but not limited
to, imputed interest, deferred compensation, amortization of deferred financing costs, stock
compensation expense, and compensation for the grant of options for the purchase of shares),
in each case for such period (to the extent deducted in the computation of Consolidated Net
Income of such Person), all in accordance with GAAP, plus (c) Interest Expense for such
period (to the extent deducted in the computation of Consolidated Net Income of such
Person), plus (d) the Provision for Taxes for such period (to the extent deducted in the
computation of Consolidated Net Income of such Person), plus (e) non-recurring restructuring
and impairment charges (including, without limitation, severance charges, plant closure
expenses, goodwill impairment and asset impairment) and non-recurring fees, costs and
expenses incurred during such period in each case in connection with the Merger and
non-recurring fees, costs and expenses incurred during such period in connection with
registration statements filed by Parent or any of its Subsidiaries with the Securities
Exchange Commission, but in each case only to the extent such charges, fees, costs and
expenses (i) were deducted in the computation of Consolidated Net Income of such Person and
(ii) are incurred prior to September 1, 2010, plus (f) non-recurring restructuring and
impairment charges (including, without limitation, severance charges, plant closure
expenses, good will impairment and asset impairment) and non-recurring fees, costs and
expenses incurred during such period in each case in connection with the Merger and other
subsequent merger and acquisition activity and non-recurring fees, costs and expenses
incurred during such period in connection with registration statements filed by Parent or
any of its Subsidiaries with the Securities Exchange Commission, but in each case only to
the extent such charges, fees, costs and expenses (i) were deducted in the computation of
Consolidated Net Income of such Person, (ii) are incurred on or after September 1, 2010,
(iii) do not exceed $25,000,000 in the aggregate during any period of twelve consecutive
months; provided, that, no more than $7,500,000 of such $25,000,000 may be
charges, fees, costs and expenses not incurred in connection with the closure or relocation
of the facilities in Juarez, Mexico or Huizhou, China, and (iv) do not exceed $50,000,000 in
the aggregate during the term of this Agreement; provided, that, no more
than $17,000,000 of such $50,000,000 may be for charges, fees, costs and expenses not
incurred in connection with the closure or relocation of the facilities in Juarez, Mexico or
Huizhou, China, plus or minus (g) (to the extent deducted or added in the computation of
Consolidated Net Income of such Person), the aggregate amount of net losses or gains under
GAAP, without duplication, arising from (i) the exchange or conversion of U.S. Dollars into
another currency or another currency into U.S. Dollars excluding losses arising from the
settlement of any Hedge Agreement, (ii) the sale of any personal or real property which, in
accordance with GAAP, is included in “property, plant or equipment”, (iii) franchise and
other tax items and (iv) other items which are not, in accordance with GAAP, included in
“operating income”; provided, that, (A) the aggregate amount of any such net
losses or gains arising from the items described in subclauses (i), (ii) and (iii) of this
clause (g) do not exceed $3,000,000 in the aggregate during any period of twelve consecutive
months, and (B) the aggregate amount of any such net losses or gains arising
from the items described in subclause (iv) of this clause (g) do not exceed $1,000,000
in the aggregate during any period of twelve consecutive months.”

 

3

 

(c) Interpretation. For purposes of this Amendment No. 2, all terms used herein which
are not otherwise defined herein, including but not limited to, those terms used in the recitals
hereto, shall have the respective meanings assigned thereto in the Loan Agreement as amended by
this Amendment No. 2.

2. Loans. (a) Section 2.1(b)(ii) of the Loan Agreement is hereby amended by deleting
“$7,500,000” and replacing it with “$15,000,000”.

(b) Section 2.1(c)(ii) of the Loan Agreement is hereby amended by deleting “$7,500,000” and
replacing it with “$15,000,000”.

3. Capital Expenditures. Section 9.17(b) of the Loan Agreement is hereby amended by deleting
such Section in its entirety and replacing it with the following:

“(b) Capital Expenditures. If Parent and its Subsidiaries make Capital
Expenditures in an amount in excess of $55,000,000 during any period of twelve consecutive
months ending after the Amendment No. 2 Effective Date (each such period being referred to
as a “CapEx Test Period”), then an Event of Default shall occur if Excess Availability shall
be less than $20,000,000 for five (5) consecutive Business Days at any time during the 365
day period immediately following the last day of such CapEx Test Period.”

4. Notices. Section 13.3 of the Loan Agreement is hereby amended by deleting in its entirety
the reference to the notice information for “Weil, Gotshal & Manges LLP” contained therein and
replacing it with the following:

	 	 	 	 	 
	 

	 	“with a copy to (which shall not
constitute notice):
	 	Jones Day

2727 North Harwood Street
	 

	 	 	 	Dallas, Texas 75201
	 

	 	 	 	Attention: Scott Cohen
	 

	 	 	 	Telephone No.: (214) 969-5060
	 

	 	 	 	Telecopy No.: (214) 969-5100”

5. Waiver. Effective as of the Waiver Effective Date (but subject to the satisfaction of the
conditions precedent in Section 7 hereof), Agent and Lenders hereby waive the Subject Default;
provided, however, that the waiver provided herein (a) is limited to the extent
specifically set forth above, no Defaults or Events of Default (other than the Subject Default)
occurring, arising or existing prior to, on or after the Waiver Effective Date shall be waived
hereby and (b) shall not constitute, and shall not be deemed to constitute, a waiver of future
compliance by Borrowers or Guarantors with any other term, covenant or provision of the Loan
Agreement or any other Financing Agreement.

 

4

 

6. Representations, Warranties and Covenants. Each Borrower and Guarantor, jointly and
severally, represents and warrants to Agent and Lenders as follows, which representations and
warranties are continuing and shall survive the execution and delivery hereof, the truth and
accuracy of which are a continuing condition of the making or providing of any Loans to Borrowers:

(a) this Amendment No. 2 and each other agreement (if any) to be executed and delivered by
each Borrower and Guarantor in connection herewith (together with this Amendment No. 2, the
“Amendment Documents”) has been duly authorized, executed and delivered by all necessary action of
each Borrower and Guarantor, and is in full force and effect, and the agreements and obligations of
each Borrower and Guarantor contained herein constitute legal, valid and binding obligations of
Borrowers and Guarantors enforceable against Borrowers and Guarantors in accordance with their
terms, except as expressly modified or waived hereby and as enforceability is limited by
bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally
the enforcement of creditors’ rights and except to the extent that availability of the remedy of
specific performance or injunctive relief is subject to the discretion of the court before which
any proceeding therefore may be brought;

(b) no action of, or filing with, or consent of any Governmental Authority, and no approval or
consent of any other Person, is or will be required to authorize, or is or will be otherwise
required in connection with, the execution, delivery and performance by any Borrower or Guarantor
of this Amendment No. 2;

(c) other than the Subject Default, on the date hereof, no Default or Event of Default exists
or has occurred and is continuing;

(d) the execution, delivery and performance of this Amendment No. 2 and the other Amendment
Documents (i) is within each Borrower’s and Guarantor’s limited liability company or corporate
powers and (ii) are not in contravention of law or the terms of any Borrower’s or Guarantor’s
certificate or articles of incorporation or formation, operating agreement, by laws, or other
organizational documentation, or any indenture, agreement or undertaking to which any Borrower or
Guarantor is a party or by which any Borrower or Guarantor or its property is bound; and

(e) all of the representations and warranties set forth in the Loan Agreement and the other
Financing Agreements, each as amended hereby, are true and correct in all material respects on and
as of the date hereof, as if made on the date hereof, except to the extent any such representation
or warranty is made as of a specified date, in which case such representation or warranty shall
have been true and correct as of such date.

7. Conditions Precedent. The waiver and amendments contained herein shall only be effective
upon the satisfaction of each of the following conditions precedent in a manner satisfactory to
Agent:

(a) Agent shall have received counterparts of this Amendment No. 2, duly authorized, executed
and delivered by Borrowers, Guarantors and Lenders; and

(b) other than the Subject Default, no Default or Event of Default shall exist or have
occurred and be continuing.

 

5

 

8. General.

(a) Effect of this Amendment. Except as expressly provided herein, no other changes
or modifications to the Financing Agreements are intended or implied, and in all other respects the
Financing Agreements are hereby specifically ratified, restated and confirmed by all parties hereto
as of the date hereof. To the extent any conflict exists between the terms of this Amendment No. 2
and the other Financing Agreements, the terms of this Amendment No. 2 shall control.

(b) Governing Law. The validity, interpretation and enforcement of this Amendment No.
2 and any dispute arising out of the relationship between the parties hereto, whether in contract,
tort, equity or otherwise, shall be governed by the internal laws of the State of New York but
excluding any principles of conflicts of law or other rule of law that would cause the application
of the law of any jurisdiction other than the laws of the State of New York.

(c) Jury Trial Waiver. BORROWERS, GUARANTORS, AGENT AND LENDERS EACH HEREBY WAIVES
ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS
AMENDMENT NO. 2 OR ANY OF THE OTHER FINANCING AGREEMENTS OR IN ANY WAY CONNECTED WITH OR RELATED OR
INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AMENDMENT NO. 2 OR ANY OF THE
OTHER FINANCING AGREEMENTS OR THE TRANSACTIONS RELATED HERETO OR THERETO IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE. BORROWERS,
GUARANTORS, AGENT AND LENDERS EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION
OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT ANY BORROWER, ANY
GUARANTOR, ANY AGENT OR ANY LENDER MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AMENDMENT NO.
2 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR
RIGHT TO TRIAL BY JURY.

(d) Binding Effect. This Amendment No. 2 shall be binding upon and inure to the
benefit of each of the parties hereto and their respective successors and assigns.

(e) Waiver, Modification, Etc. No provision or term hereof may be modified, altered,
waived, discharged or terminated orally, but only by an instrument in writing executed by the party
against whom such modification, alteration, waiver, discharge or termination is sought to be
enforced.

(f) Further Assurances. Borrowers and Guarantors shall execute and deliver such
additional documents and take such additional action as may be reasonably requested by Agent to
effectuate the provisions and purposes of this Amendment No. 2.

(g) Entire Agreement. This Amendment No. 2 represents the entire agreement and
understanding concerning the subject matter hereof among the parties hereto, and supersedes all
other prior agreements, understandings, negotiations and discussions, representations, warranties,
commitments, proposals, offers and contracts concerning the subject matter hereof, whether oral or
written.

 

6

 

(h) Counterparts, etc. This Amendment No. 2 may be executed in any number of
counterparts, each of which shall be an original, but all of which taken together shall constitute
one and the same agreement. Delivery of an executed counterpart of this Amendment No. 2 by
telefacsimile or other electronic method of transmission shall have the same force and effect as
delivery of an original executed counterpart of this Amendment No. 2. Any party delivering an
executed counterpart of this Amendment No. 2 by telefacsimile or other electronic method of
transmission shall also deliver an original executed counterpart of this Amendment No. 2, but the
failure to do so shall not affect the validity, enforceability, and binding effect of this
Amendment No. 2.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be duly executed
and delivered by their authorized officers as of the date first above written.

	 	 	 	 	 
	 	 	BORROWERS
	 
	 	 	 	 
	 	 	VIASYSTEMS CORPORATION, formerly known as Merix Corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Christopher Isaak
	 

	 	 	 	 
	 

	 	Title:
	 	V.P., Corp. Controller and Chief Acctg. Officer
	 
	 	 	 	 
	 	 	VIASYSTEMS TECHNOLOGIES CORP., L.L.C.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald G. Sax
	 

	 	 	 	 
	 

	 	Title:
	 	S.V.P., and CFO
	 
	 	 	 	 
	 	 	GUARANTORS
	 
	 	 	 	 
	 	 	VIASYSTEMS, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Christopher Isaak
	 

	 	 	 	 
	 

	 	Title:
	 	V.P., Corp. Controller and Chief Acctg. Officer
	 
	 	 	 	 
	 	 	VIASYSTEMS INTERNATIONAL, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald G. Sax
	 

	 	 	 	 
	 

	 	Title:
	 	S.V.P., and CFO
	 
	 	 	 	 
	 	 	MERIX ASIA, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald G. Sax
	 

	 	 	 	 
	 

	 	Title:
	 	Vice President

 

 

	 	 	 	 	 
	 	 	AGENT
	 
	 	 	 	 
	 	 	WELLS FARGO CAPITAL FINANCE, LLC, successor by merger to
Wachovia Capital Finance Corporation (New England), as Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Barry Felker
	 

	 	 	 	 
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 	 	LENDERS
	 
	 	 	 	 
	 	 	WELLS FARGO CAPITAL FINANCE, LLC, successor by merger to
Wachovia Capital Finance Corporation (New England)
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Barry Felker
	 

	 	 	 	 
	 

	 	Title:
	 	Vice Presidentexv10w1

Exhibit 10.1

August 8, 2011

 

Erik Prusch

Bellevue, WA 

Dear Erik,

On behalf of Clearwire Corporation (the “Company”), I am pleased to confirm our offer to you for
the role of President & Chief Executive Officer (CEO) reporting to the Board of Directors (the
“Board”). Outlined below are the specific details regarding your position with the Company.

	 	 	 
	Position:

	 	President & Chief Executive Officer (“CEO”)
	 
	 	 
	Responsibilities:

	 	As President & CEO, you will act as the
Company’s Principle Executive Officer and have
the duties and authorities customarily
associated with the chief executive officer of
a publicly-traded corporation, including,
without limitation, responsibility for managing
the financial and operational aspects of the
business, and working closely with the
Executive Chairman on strategic matters.
	 
	 	 
	Board Seat:

	 	Subject to the approval of the parties to the
Equityholders’ Agreement, dated November 28,
2008, the Company will recommend to its Board
that you be elected to fill the current vacancy
on the Board.
	 
	 	 
	Start Date:

	 	August 8, 2011
	 
	 	 
	Location:

	 	Kirkland, WA
	 
	 	 
	Base salary:

	 	$700,000 annually (paid bi-weekly)
	 
	 	 
	Bonus Target:

	 	100% of base salary paid annually based on
Company and individual performance. The actual
bonus payments will be determined by the
Compensation Committee of the Board
(“Compensation Committee”) based on individual
and Company performance. For the purposes of
calculating the bonus for 2011, the bonus will
not be prorated.
	 
	 	 
	Stock Awards:

	 	Your option and RSU awards will continue to
vest in accordance with their terms while you
are employed by the Company.
	 
	 	 
	 

	 	You will receive a one-time grant of 666,667
Restricted Stock Units (“RSUs”) which will vest
over four years.
	 
	 	 
	 

	 	Starting in 2012 your annual Long-Term
Incentive target value will be based on the
relevant market benchmarks for the position, as
approved by the Compensation Committee. The
actual equity grants

1

 

	 	 	 
	 

	 	in current and future
years will be based on Company and individual
performance, subject to approval by the
Compensation Committee.
	 
	 	 
	Benefits:

	 	You will continue to receive benefits
consistent with those received at 12/31/2010
	 
	 	 
	Time off:

	 	You will be eligible for a total of five (5)
weeks of paid time off in accordance with the
company’s vacation and time off policies.
	 
	 	 
	Severance
Benefits/Revisions to
Continuity Plan:

	 	You will remain entitled to severance benefits
as set forth in Clearwire’s 2010 Executive
Continuity Plan (the “Plan”) that you entered
into effective June 2010, except as expressly
modified below.
	 
	 	 
	 

	 	You will be entitled to Regular Severance
Benefits upon your voluntary termination of
employment for Good Reason or if you are
involuntarily terminated without Cause (as
defined in the Plan). “Good Reason” shall mean
(i) a significant, adverse change in your
duties, authorities or responsibilities; (ii) a
relocation of your principal office to a
location more than thirty (30) miles from your
then current office; (iii) a reduction of your
base salary, bonus target or benefits from
those set forth in this offer; or (iv) a breach
by Clearwire of its obligations to you. In
each case, an occurrence of one of the
foregoing shall constitute Good Reason only if
it is not corrected within twenty (20) business
days following receipt by Clearwire of written
notice specifying, in reasonable detail, such
occurrence and why you believe it constitutes
Good Reason. For the purposes of the foregoing,
cash payment to you of the value of any reduced
benefits shall be sufficient to prevent the
occurrence of Good Reason. You acknowledge
that the election of someone else as President
of the Company, reporting to you as CEO, shall
not constitute “Good Reason.” This paragraph
replaces and supersedes paragraph 2.16 in the
Plan. With respect to Article 7 of the Plan,
the Company agrees to work with you in good
faith to explore alternatives, including
without limitation the potential restructuring
of any Executive Continuity Benefits, in order
to mitigate or eliminate the impact of Section
280G of the Internal Revenue Code on you,
provided any such alternative does not cause
the Company to incur significant additional
costs.
	 
	 	 
	 

	 	Except as provided herein, notwithstanding any
contrary provision in the Plan, the Plan shall
not be terminated or amended with respect to
your participation therein (or compensation or
benefits thereunder) without your consent.
	 
	 	 
	 

	 	Should your employment be voluntarily
terminated by you for Good Reason (as defined
above) or involuntarily terminated by the
Company without Cause (as defined in the Plan),
in lieu of the

2

 

	 	 	 
	 

	 	benefits set forth under Section
4(iii) of the Plan, all outstanding Equity
Awards (as defined in the Plan) then held by
you granted on or before March 31, 2011
(including any equity received in exchange for
any such Equity Awards) will become immediately
vested (and with respect to RSUs, the shares of
stock subject thereto shall immediately be
issued to you) and shall be exercisable until
the earlier of the first anniversary of your
Termination Date (as defined in the Plan) and
the expiration of the maximum original term of
such award.

Please indicate your acceptance of this offer by signing below and returning it to Libby
Wolfensperger, 4400 Carillon Point, Kirkland, WA 98033 no later than
August 9, 2011.

Sincerely,

/s/ John Stanton

 

John Stanton

Chairman of the Board

	 	 	 	 	 	 	 

	Accepted:
	 	/s/ Erik Prusch	 	Date:	 	August 8, 2011
	 

	 	 	 	 	 	 
	 

	 	Erik Prusch	 	 	 	 

3

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