Document:

exv10w1

 

Exhibit 10.1

EXECUTIVE EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into this 23rd day of March, 2006, by and between Andrew Cashin
(the"Executive"), an individual, and
Cash Systems, Inc. (the "Company"), a Delaware corporation.

RECITALS:

	 	A.	 	The Company desires to employ the Executive as the Company’s Executive Vice-
President and Chief Financial Officer.
	 
	 	B.	 	The Executive desires to be employed by the Company upon the terms and
conditions set forth in this Agreement.

AGREEMENTS:

     NOW THEREFORE, in consideration of the foregoing Recitals, and for other
good, fair and valuable consideration, receipt and sufficiency of which are acknowledged,
the Company and the Executive agree:

ARTICLE I

EMPLOYMENT AND DUTIES

     1.1 EMPLOYMENT AND DUTIES. The Company hereby employs the Executive as the Executive
Vice-President and Chief Financial Officer of the Company (the “Position”) and the Executive
hereby accepts such employment. The Executive shall perform

 

 

service in the Position with all of the rights, duties, powers and fiduciary obligations
implied by the titles of the Position. Executive will also have and perform such implied by the
titles of the Position. Executive will also have and perform such other powers,
responsibilities and duties as are commensurate with the Position and as may be assigned to the
Executive by the Chief Executive Officer of the Company (the “ CEO”) from time to time. The
Executive shall devote his full, exclusive, complete and undivided time and attention and best
efforts to performance of the duties of the Position. The Executive, at all times during
employment with the Company, shall comply with the Company’s rules, regulations, policies and
directives as the same may be in effect from time to time.

     1.2 PERFORMANCE LOCATION. The Executive shall perform the duties of the Position at the
Company’s offices in Las Vegas, Nevada. The Company shall not, without the Executive’s prior
written agreement, change the location at which the duties of the Position are performed.

     1.3 TERM OF EMPLOYMENT. Subject to the provisions for termination, as set
forth in Article III, the term of this Agreement and performance of the Executive’s
services in the Position shall commence upon the effective date stated on the first page of this Agreement
and shall continue for a period of three (3) years thereafter (the “Term”). Upon the expiration
of the Term or any renewal term, the Executive and the Company may agree in writing to
renew the Term for subsequent renewal terms.

 

 

ARTICLE II

COMPENSATION AND FRINGE BENEFITS

     2.1 COMPENSATION AND FRINGE BENEFITS. For all the services rendered by
the Executive to the Company in the Position, the Executive shall be compensated by the
Company in accordance with this Article II. Such compensation and benefits shall be paid
in accordance with the Company’s customary payroll practices, and shall be subject to
withholding required by federal, state and local laws and otherwise with the consent of the
Executive.

     2.2 BASE COMPENSATION. The Company shall pay the Executive a base
salary (the "Base Compensation") at the rate of $250,000 per year of
the Term.

     2.3 BONUS COMPENSATION. During the Term and any renewal term, the Executive
shall be entitled to receive such bonus compensation ("Bonus Compensation”) as a part of
the Executive Bonus Program as adopted by the Board of Directors. Bonus Compensation
with respect to a calendar year during the Term shall be payable on or before March 15th
of the immediately following calendar year.

     2.4 RESTRICTED STOCK. On the effective date of this Agreement the Board will
grant or cause the Executive to be granted 50,000 shares of restricted stock pursuant to the
company’s 2005 Equity Incentive Plan (the “Restricted Stock Plan “). The restricted stock shall
vest as follows:

     a.) On the first anniversary of the date of grant 16,666 shares; and

 

 

     b.) On the second anniversary of the date of grant 16,667 shares; and

     c.) On the third anniversary of the date of grant 16,667 shares.

     Executive and the Company will enter into an appropriate Restricted Stock agreement in
accordance with the 2005 Equity Incentive Plan to further document the provisions of this
section and to comply with the 2005 Equity Incentive Plan.

     2.5 OTHER BENEFITS. During the Term and any renewal term, the Executive shall be
entitled to participate in and to be covered by any accident insurance, life insurance, long-term
disability insurance, short-term disability insurance, hospitalization or other employee benefit
plan effective with respect to corporate officers of the company generally, subject to the
eligibility and qualification requirements of such plans as they generally apply to executive officers.
Without limiting the generality of the foregoing, if the company adopts a restricted share
incentive plan, the Executive shall be entitled to participate in such plan as determined by the
Compensation Committee of the Board, subject to applicable law and regulations.

     2.6 REIMBURSEMENT OF AUTHORIZED EXPENSES. During the Term and any renewal term, the
Company will reimburse the Executive for all ordinary and necessary business expenses incurred
by the Executive in connection with the business of the Company. Payment or reimbursement to
the Executive will be made upon submission by the Executive of vouchers, receipts or other
evidence of such expenses in a form reasonably satisfactory to the Company and in compliance
with applicable requirements of the taxing authorities.

     2.7 FREQUENT FLYER MILES. Notwithstanding any existing Company policy to the contrary,
the Company shall allow the Executive to retain the Frequent Flyer miles acquired as a
result of travel on behalf of the Company.

 

 

     2.8 VACATIONS. During the Term and any renewal term, the Executive will be entitled to
such vacations as the Board and Executive may determine from time to time, but in no event will
Executive be entitled to less than four (4) weeks paid vacation. Executive may not utilize more
than two consecutive weeks of paid vacation.

ARTICLE III

TERMINATION OF AGREEMENT

     3.1 DEATH OF EXECUTIVE. This Agreement shall automatically terminate if the Executive dies
during the Term and any renewal term.

     3.2 PERMANENT DISABILITY. The Company may terminate the Term as a result of the
Executive’s “Permanent Disability,” which for purposes of this Agreement shall mean the
disability of the Executive, due to illness, accident or any other physical or mental
incapacity, to discharge or perform the Executive’s normal and customary day-to-day business
and employment obligations and functions on behalf of the Company for at least One Hundred
(100) business days (calendar days minus Saturdays, Sundays and national holidays), in the
aggregate, within any given period of One Hundred Twenty-Five (125) consecutive business days.

     3.3 TERMINATION BY THE COMPANY FOR CAUSE. The Company may
terminate the Term for cause by written notice to the Executive, stating the grounds therefore
and the effective date of such termination. In the event the Company duly terminates this

 

 

Agreement for Cause, the Executive shall be deemed to have forfeited any and all rights to
receive Base Compensation, or Bonus Compensation, in any form and at any
time from and after the date of such termination. The term “Cause” as used in this Agreement
shall mean:

	a.	 	The Executive‘s demonstrable and repeated failure to perform the duties of
the Position
after prior written notice of such failure(s) and a reasonable opportunity to cure the same.
	 
	b.	 	The Executive’s breach of a material provision of this Agreement, not encompassed
by the preceding section, after prior written notice of such breach and a reasonable
opportunity to cure the same.
	 
	c.	 	The conviction of the Executive for a felony or other crime of moral turpitude by a court
of competent jurisdiction.
	 
	d.	 	The written confession by the Executive to the commission of a felony or other crime of
moral turpitude.
	 
	e.	 	Embezzlement or misappropriation of funds of the company or any of its affiliates by the
Executive.
	 
	f.	 	Demonstrable, material dishonesty in connection with the Executive’s performance
of services to the Company.

The items of “Cause” defined in sections c. through f. shall be deemed not curable.

     3.4 RESIGNATION BY THE EXECUTIVE. The Executive may terminate the Term upon not less than
sixty (60) days prior written notice of resignation to the Company (the “Executive Required
Termination Notice Period").

 

 

ARTICLE IV

PAYMENTS IN THE EVENT OF EARLY TERMINATION OF TERM

     4.1 DEATH OR PERMANENT DISABILITY OF THE EXECUTIVE. In the event
the Term terminates as a result of the Executive‘s death or Permanent Disability, as
described in sections 3.1 and 3.2, Executive will not be entitled to any Base Compensation, Bonus
Compensation, or benefits following the date of the Executive’s death or the
one hundredth day of the Executive’s Permanent Disability. However, Executive’s estate shall
receive a prorated share of the bonus earned through date of Executive’s death.

     4.2 TERMINATION FOR CAUSE, If the Term is duly terminated by the Company for cause, the
Company will pay the Executive the Base Compensation and benefits only through the effective date
of termination, and the Executive will:

a. not be entitled to any other compensation or benefits, except
expressly required by applicable law;

b. will forfeit any and all benefits arising or accruing after the
effective date of the termination;

c. stock options which were not exercisable at the time of termination
shall not thereafter be exercisable; and,

d. stock options which were exercisable at the time of termination shall be
exercisable only for the period permitted by the Option Plan.

e. restricted stock grants which have not vested shall cease to vest.

 

 

     4.3 TERMINATION WITHOUT CAUSE. If the Company terminates the Term for no
reason or a reason which is not defined as cause in section 4.2, the Company shall pay the
Executive the Base Compensation, Bonus Compensation, and benefits through
the end of the Term. Restricted Stock which has been awarded, but which has not yet vested and
for which the risks of forfeiture have not lapsed shall immediately forfeit. A “Change in Control”
(defined in the Equity Incentive Plan) which is not approved by the Board or the Company’s
discontinuation of business or bankruptcy shall result in the immediate vesting of the Restricted
Stock. If there is a “Change of Control” and the Executive’s contractual relationship is
continued, then the existing contractual terms pertaining to the award of the Restricted Stock shall remain
in force. If there is a “Change of Control” and the Executive’s contractual relationship is not
continued for any reason, then the unvested Restricted Stock shall immediately vest.

     4.4 RESIGNATION BY THE EXECUTIVE. If the Executive terminates the Term by resigning, the
Company shall pay the Executive the Base Compensation and benefits until the end of the Executive
Required Termination Notice Period. The Executive shall be entitled to retain any Restricted Stock
which has vested. The Executive will not be entitled to any other compensation or benefits
following the end of the Executive Required Termination Notice Period, except as expressly
required by applicable law. The company reserves the right to relieve the Executive of the
obligation to perform the duties of the Position immediately upon delivery of the Executive’s
notice of resignation or at any other time during the Executive Required Termination Notice
Period.

 

 

ARTICLE V

ON-DISCLOSURE AND NON-COMPETITION OBLIGATIONS OF THE EXECUTIVE

     5.1 DEFINITIONS.

a. “Confidential Information” shall mean any information, compilation of information, knowledge
and know-how that the Executive receives from the company or any of its affiliates, becomes aware
of, learns of or develops during the course of his employment which is not generally known or
readily ascertainable by proper means by persons who are not employees of the Company. It includes,
but is not limited to, information relating to any of the trade secrets, technological information,
products, design or research, information relating to any of the business affairs of the Company or
any of its affiliates, pricing information, marketing information, selling information, leasing
information, servicing and financing information, compensation information, forecasts, expansion,
customer and client information, customer lists, manuals, training material, correspondence,
research and development, engineering and other manufacturing processes, and any other material
relating to the business of the Company or any of its affiliates.

b. “Innovations” shall mean any invention, improvement, discovery or idea and, whether or not
shown or described in writing or reduced to practice, and works of authorship, whether or not
patent able or copyright able, which (i) relate directly to the business of the Company or any of
its affiliates, (ii) relate to the actual or demonstrably anticipated research and development of
the Company or any of its affiliates, (iii) result from any work performed by the Company’s
employees, agents, independent contractors, shareholders or officers of the Company or any of its
affiliates, or (iv) are developed or conceived through the use of confidential Information or
equipment, supplies or facilities of the Company or any of its affiliates.

 

 

c. “Company Product” shall mean any product, product line or service, including any component
thereof or research to develop information useful in connection with a product or service, that
is or is being designed, developed, manufactured, marketed or sold by the Company or any of its
affiliates or with respect to which the Company or any of its affiliates has acquired
confidential Information which it intends to use in the design, development, manufacture,
marketing or sale of a product or service.

d. “Competitive Product” shall mean any product, product line or
service, including any
component thereof or research to develop information useful in connection with a product or
service, that is being designed, developed, manufactured or sold by any person other than the
Company or any of its affiliates and is of the same general type, performs similar functions,
or is used for the same purpose as a Company Product.

     5.2 NON-DISCLOSURE OF CONFIDENTIAL INFORMATION. There may be made
available to the Executive Confidential Information. The Executive hereby acknowledges that
the Confidential Information, as it may exist from time to time, is a valuable, special and
unique
asset of the business of the Company. The Executive shall not, during or after the Term and any
renewal term, make any use of any Confidential Information, or disclose any Confidential
Information to any person, firm, corporation, associate, person or entity for any reason or
purpose whatsoever, other than in connection with the normal performance of the Executive’s
duties. The obligations of this section shall not apply (i) to any information that has been
disclosed in publicly available sources of information; (ii) to any information, through no
fault of
the Executive, hereafter disclosed by the Company in publicly available sources of information;
or (iii) to any information generally related to and determinable in the technical fields of
interest
to the Company, but not specifically derived from the Company’s research and development

 

 

activities or results of such activities.

     5.3 AGREEMENT NOT TO USE CONFIDENTIAL INFORMATION OF OTHERS. The
Executive agrees that he will not, during or after the Term and any renewal term, wrongfully
utilize any proprietary material of any other party in the Executive’s work for the Company,
will
not knowingly infringe on the patent, copyright or trademark of any other party in the
Executive’s work for the Company, and is not bound or restricted in the Executive’s work for
the
Company as a result of any non-competition, confidentiality, non-disclosure or other agreement
or agreements to which the Executive is bound.

     5.4 ASSIGNMENT OF INNOVATIONS. The Executive hereby assigns to the Company
all of the Executive‘s rights, title and interests in and to the Innovations made,
authored or
conceived by the Executive either individually or jointly with others, during a prior
employment
or consulting relationship with the Company, the Term and any renewal term. The Executive
shall promptly and fully disclose and describe Innovations to the Company, and shall
acknowledge and deliver to the Company such written instruments and do
such other acts as may be necessary in the opinion of the Company to preserve the Company’s
property rights to the Innovations against forfeiture, abandonment or loss, and to obtain and
maintain letters, patents and copyrights to the Innovations, if applicable, and to vest the
entire
right, title and interest thereto in the Company. The obligations of section 5.4 shall continue
beyond the Term and any renewal term with respect to Innovations generated, conceived of or
reduced to practice by the Executive during a prior employment or consulting relationship with
the Company, the Term and any renewal term, and shall be binding

 

 

upon the Executive’s assigns, executors, administrators and other legal representatives.

     5.5 DOCUMENTS AND TANGIBLE ITEMS. All documents and tangible items, including, but not limited
to, manuals, written descriptions and other documentary evidence or manifestations of confidential
Information and Innovations, provided to the Executive by the Company or any of its affiliates, or
created by the Executive for use in connection with his employment with the Company are the
property of the Company. upon expiration of or the termination of the Term, the Executive shall
promptly return all such documents and tangible items together with all copies, recordings,
abstracts, notes, computer diskettes, computer or computer assisted data storage or reproductions
of any kind made from or about the documents and tangible items or the information they contain.

     5.6 TRADE SECRETS ACT. The Executive acknowledges that he has been given a copy of and has
reviewed Chapter 600A of the Nevada Revised Statues, the Nevada Uniform Trade Secrets Act (the
"ACT"), and acknowledges that violation of the Act or of the Executive’s
agreements, covenants and representations contained in this Agreement may give rise to a cause
of action in favor of the Company against the Executive for general and special damages,
exemplary damages, injunctive relief and attorney’s fees.

     5.7 OTHER BUSINESS ACTIVITIES. During the Term and any renewal term, the Executive will
not, without the express prior written permission of the Company, engage in any substantial
private business activities, whether or not they are entered into for profit, outside or
separate from the Executive’s employment with the Company that would in any way interfere

 

 

with the fulfillment of his obligations hereunder. See attached Exhibit “A” for current
business activities of Executive outside of the Company.

     5.8 COVENANT NOT TO COMPETE. During the Term and any renewal term,
and for a period of twelve (12) months after the expiration of the Term and any renewal term or
the earlier termination of the Term or renewal term other than terminations that are not for
cause
as defined in section 4.2, the Executive shall not, directly or indirectly, engage or
participate in
or assist, as owner, part owner, partner, manager, director, officer, trustee, employee, agent,
consultant or in any other capacity, any person, business or other organization designing,
developing, manufacturing, licensing, providing, selling or marketing any product, process,
system or service, then in existence or under development and which is the same or similar to,
competes with, or has a usage allied to, a product, process, system or service offered by the
Company or any of its affiliates. The foregoing restriction shall apply only where any part of
such activities takes place at, or is managed, supported, or administered from a place of
business
located within a market in which the company maintains an office or actively promotes and
markets its products, processes, systems or services, directly or indirectly, including,
without
limitation, the United States, Canada and Mexico. The Executive expressly agrees that the time
period and the described scope of this section are the reasonable and necessary time and scope
needed to protect the legitimate business interests of the Company.

     5.9 COVENANT NOT TO RECRUIT. During the Term and any renewal term,
and for a period of twelve (12) months after the expiration of the Term and any renewal term or
the earlier termination of the Term or any renewal term other than terminations that are not
for

 

 

cause as defined in section 4.2, the Executive shall not, directly or indirectly, hire, attempt
to hire, solicit, recruit, employ or retain the services of any individual, in any capacity,
whether as
an employee, independent contractor, consultant, agent or other wise, of the Company or any
customers or prospective customer of the Company, affiliates of the Company, or any individual
providing services to the company, whether as an employee, independent contractor, consultant
or agent, as of the date hereof or at any time hereafter, without prior written approval of the
Company.

     5.10 REMEDIES. The Executive agrees that all of the provisions contained in Article V are
necessary to protect the legitimate business interests of the Company, and to prevent the
unauthorized dissemination and use of confidential Information and Innovations to and by
competitors of the Company. The Executive also agrees that the Company will be irreparably
harmed, and that damages alone cannot adequately compensate the Company if there is a violation
or breach by the Executive of Article V, and that injunctive relief is essential for the
protection of the Company. The Executive therefore agrees that the Company shall have the
right, in addition to any other rights and remedies existing in its favor, to enforce its
rights and the obligations under Article V not only by an action or actions for damages, but
also by an action or actions for specific performance, injunction and/or other equitable relief
without posting any bond or security to enforce or prevent any violations, whether
anticipatory, continuing or future, of the provisions of this Article, including, without
limitation, the extension of the periods hereunder by a period equal to (i) the length of the
violation of sections 5.7, 5.8 and/or 5.9 plus (ii) the length of any court proceedings
necessary to stop such violation.

     5.11 PUBLIC POLICY. It is the desire and intent of the Company and the Executive

 

 

that the provisions contained in Article V be enforced to the fullest extent permissible under the
laws and public policy applied in each jurisdiction in which enforcement is sought. Accordingly,
if, at the time of enforcement of Article V, a court shall hold that the duration, scope or area
restrictions stated in this Agreement are unreasonable under circumstances then existing, the
parties
agree that the maximum duration, scope or area reasonable under such circumstances shall be
substituted for the stated duration, scope or area.

     5.12 INDEPENDENT COVENANTS; SURVIVAL OF COVENANTS. The covenants
or the part of the Executive contained in Article V shall be construed as an agreement independent
of any other provisions of this Agreement, and it is agreed that relief for any claim or cause of
action of the Executive against the Company, whether predicated on this Agreement or otherwise,
shall be measured in damages, and shall not constitute a defense to enforcement by the Company of
those covenants. The provisions contained in Article V, together with the other covenants,
agreements, and obligations of the Executive set forth elsewhere in this Agreement, shall, in all
events, survive the expiration of the Term and any renewal term or the earlier termination of the
Term.

ARTICLE VI

EXECUTIVE‘S REPRESENTATIONS

     6. EXECUTIVE‘S REPRESENTATIONS. As a material inducement to the Company
to enter into this Agreement, the Executive represents and warrants to the Company as follows:

 

 

     a. The information the Executive provided to the Company in connection with this
Agreement is true, complete and accurate in all respects and does not contain any untrue
statements of a material fact or omit to state a material fact necessary in order to make
the statements contained therein or in this Agreement not misleading.

     b. The execution, delivery and performance by the Executive of this Agreement will not
violate any provision of any indenture, agreement or other instrument to which the Executive
is a party or is bound, or be in conflict with, result in a breach of or constitute a default
under any such indenture, agreement or other instrument.

ARTICLE VII

MISCELLANEOUS

     7.1 NOTICES. All notices given hereunder shall be in writing, and shall be personally
served or sent by registered or certified mail, return receipt requested. Notices to the
Company
shall be given to the Company at its corporate headquarters, which as of the date of this
Agreement is 7350 Dean Martin Drive, Suite 309, Las Vegas, Nevada 89139, attention CEO.
Notices to Executive shall be addressed to the Executive at the Executive’s residence address
as the same appears on the records of the Company . Notices to the Company or the Executive shall
be sent to such other addresses as the Company or the Executive shall specify in writing to the
other.

     7.2 ENTIRE AGREEMENT. This Agreement is the entire agreement between the

 

 

parties concerning the subject matter hereof, and supersedes and replaces any existing
agreement between the parties hereto relating to the Executive’s employment, and the Company
and the Executive hereby acknowledge that there are no other agreements or understandings of
any nature, oral or written, regarding the Executive’s employment, apart from this Agreement.

     7.3 MODIFICATION OF AGREEMENT. No provision of this Agreement may be modified, waived or
discharged unless such modification, waiver or discharge is agreed to in writing signed by the
Executive and the Company.

     7.4 WAIVER. No waiver by either party at any time of any breach for noncompliance with any
condition or provision of this Agreement to be performed by the other party shall be deemed a
waiver of similar or dissimilar provisions or conditions at the same or any prior or subsequent
time. No failure on the part of the company to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any
right hereunder by the Company preclude any other or further exercise thereof or the exercise
of any other right.

     7.5 SEVERABILITY. If any part, term or provision of this Agreement is held unenforceable
in the jurisdiction in which either party seeks enforcement of the Agreement, this Agreement
shall be construed as if not containing the invalid provision or provisions. Invalidity or
unenforceability of any portion or provision of this Agreement shall not affect the validity or
enforceability of the remaining provisions of this Agreement, which shall remain in full force
and effect, and shall govern the rights and obligations of the parties.

     7.6 RIGHT TO CONSULT COUNSEL. The Executive acknowledges that he has had an opportunity to
consult with independent legal counsel of the Executive’s choosing with

 

 

regard to the terms of this Agreement, or has been advised by the Company of his right to seek
such consultation, and that the Executive has entered into this Agreement pursuant to such
independent legal consultation or notwithstanding his decision not to seek such consultation,
as the case may be.

     7.7 GOVERNING LAW. This Agreement will be performed by the Executive in the State of
Nevada and shall be governed by, construed and interpreted in accordance with the laws of the
United States of America and the State of Nevada, without regard to principles of conflict of
laws. All judicial actions, suits or proceedings brought by or against the Company, the
Executive, or their respective permitted successors and assigns, with respect to their rights,
obligations, liabilities or any other matter under or arising out of or in connection with this
Agreement or for recognition or enforcement of any judgment rendered in any such proceedings
shall be brought in any state or federal court in the State of Nevada. By execution and
delivery of this Agreement, the Company and the Executive, on behalf of themselves and their
permitted successors and assigns, accept, generally and unconditionally, the nonexclusive
jurisdiction of the aforesaid courts and irrevocably agree to be bound by any final judgment
rendered thereby in connection with this Agreement from which no appeal has been taken or is
available. The Company and the Executive, on behalf of themselves an their permitted successors
and assigns, each hereby irrevocably waive any objections, including without limitation any
objection to the laying of venue or based on the grounds that the forum is not convenient
(known as the doctrine of “forum non conveniens”), which they may now or hereafter have to the
bringing of any such action or proceeding in any such jurisdiction. The Company and the
Executive, on behalf of themselves and their permitted successors and assigns, acknowledge that
final judgment against

 

 

it in any action, suit or proceeding referred to in this section shall be conclusive and may be
enforced in any other jurisdiction by suit on the judgment, a certified or exemplified copy of
which shall be conclusive evidence of the same. The Company and the Executive, on behalf of
themselves and their permitted successors and assigns, waive their right to trial by jury in
any action, suit or proceeding brought with respect to this Agreement.

     7.8 ATTORNEY‘S FEES, PREVAILING PARTY. Should any action, proceeding or
litigation be commenced between the parties hereto on any matters whatsoever arising out of, or
in any way connected with, this Agreement, the party hereto prevailing in such litigation shall
be entitled, in addition to such other relief as may be granted, to a reasonable sum as and for
its attorney’s fees and costs incurred in such litigation which shall be determined by the court in
such litigation or in a separate action brought for that purpose.

     7.9 PERSONAL AGREEMENTS. This Agreement is personal in nature, cannot be assigned and
shall be binding upon the heirs and personal representatives of the Executive, and the
successors or assigns of the Company.

     7.10 COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which together shall constitute one and the
same agreement.

     7.11 HEADINGS; RECITALS; ARTICLES AND SECTIONS. The headings in this
Agreement are inserted for convenience or reference only, and are not a part of this Agreement.
The preliminary Recitals set forth above on the initial page of this Agreement, and this Agreement
shall be construed in light thereof. References to “Article”, "Articles”, “Section” or
“Sections” shall mean

 

 

and refer to the Articles or sections of this Agreement unless the context expressly states
otherwise.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first written above.

	 	 	 	 	 	 	 
	 

	 	Cash Systems, Inc
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 		 	Michael Rumbolz
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Its Chief Executive Officer
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	/s/ Andrew Cashin
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Andrew CASHIN

 

 

Exhibit “A”

Executive acknowledges that from time to time he may assist his former business colleagues in
business ventures outside the primary business of the Company.

These include the following:

     a.) Pharmaceutical business

     b.) Real Estate

     c.) Casino Management Software business other than cash access

     d.) Game Development for gaming machinesexv10w65

 

Exhibit 10.65

EXECUTION COPY

     INCREMENTAL TERM LOAN ASSUMPTION AGREEMENT AND AMENDMENT NO. 2 dated
as of March 24, 2006 (this “Assumption Agreement and Amendment”), related
to the CREDIT AGREEMENT dated as of August 2, 2004, as amended pursuant to
that certain Incremental Term Loan Assumption Agreement and Amendment No.
1 dated as of April 1, 2005 (the “Credit Agreement”), among ALION SCIENCE
AND TECHNOLOGY CORPORATION (the “Borrower”), the Subsidiary Guarantors
listed on the signature pages hereto (solely with respect to Sections 7,
9, 11 and 12 hereof), the lenders from time to time party to the Credit
Agreement (the “Lenders”) and CREDIT SUISSE (formerly known as Credit
Suisse First Boston), as administrative agent (in such capacity, the
“Administrative Agent”), and as collateral agent for the Lenders.

     A. The Borrower has requested that the persons set forth on Schedule I hereto (the
"Incremental Term Lenders”) make Incremental Term Loans to the Borrower pursuant to Section 2.24 of
the Credit Agreement.

     B. The Incremental Term Lenders are willing to make Incremental Term Loans to the Borrower on
the Amendment No. 2 Effective Date (as defined below), on the terms and subject to the conditions
set forth herein and in the Credit Agreement.

     C. The Borrower has also requested that the Total Revolving Credit Commitment be increased
from $30,000,000 to $50,000,000 and, in connection therewith, has requested that the persons set
forth on Schedule II hereto (the “Increasing Revolving Credit Lenders”) provide an aggregate of
$20,000,000 of additional Revolving Credit Commitments.

     D. The Increasing Revolving Credit Lenders are willing to provide such additional Revolving
Credit Commitments on the Amendment No. 2 Effective Date, on the terms and subject to the
conditions set forth herein and in the Credit Agreement.

     E. Additionally, the Borrower has requested certain amendments to the Credit Agreement as set
forth herein, and the Required Lenders have agreed to make such amendments on and subject to the
terms and conditions of this Assumption Agreement and Amendment.

     Accordingly, in consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties
hereto agree as follows:

     SECTION 1. Defined Terms; Interpretation; Etc. Capitalized terms used and not defined herein
shall have the meanings assigned to such terms in the Credit Agreement. The rules of construction
set forth in Section 1.02 of the Credit Agreement shall apply equally to this Assumption Agreement
and Amendment. This Assumption Agreement and Amendment shall be a “Loan Document” and, to the
extent it relates to the making of Incremental Term Loans, an “Incremental Term Loan Assumption
Agreement” for all purposes of the Credit Agreement and the other Loan Documents.

     SECTION 2. Incremental Term Loans. (a) Each Incremental Term Lender hereby agrees, severally
and not jointly, to make (i) an Incremental Term Loan to the Borrower on the Amendment No. 2
Effective Date and (ii) an Incremental Term Loan to the Borrower on one

 

2

occasion during the period
commencing on and including the first Business Day following the Amendment No. 2 Effective Date and
ending on and including the date that is 30 days after the Amendment No. 2 Effective Date (the
"Incremental Delayed Draw Availability Period”), in an aggregate principal amount for all such
Incremental Term Loans not to exceed the Incremental Term Loan amount set forth next to such
Incremental Term Lender’s name on Schedule I attached hereto.

          (b) All such Incremental Term Loans shall constitute “Term Loans” for all purposes of the
Credit Agreement and the other Loan Documents; provided that (i) until the earlier to occur of (x)
the making of Incremental Term Loans pursuant to clause (a)(ii) of this Section 2 and (y) the
expiration of the Incremental Delayed Draw Availability Period, no assignment of any Lender’s
Incremental Term Loans made pursuant to clause (a)(i) of this Section 2 may be made unless a pro
rata portion of such Lender’s commitment to make Incremental Term Loans pursuant to clause (a)(ii)
of this Section 2 is assigned simultaneously to the same assignee (and vice versa), and (ii) no
portion of the amortization payment scheduled to be made on March 31, 2006 pursuant to Section
2.11(a) of the Credit Agreement shall be applied to any Incremental Term Loans made pursuant to
this Assumption Agreement and Amendment.

          (c) The proceeds of the Incremental Term Loans are to be used by the Borrower solely (i) to
finance one or more Permitted Acquisitions, (ii) to repay outstanding Revolving Loans, (iii) to pay
related fees and expenses, (iv) to redeem the Mezzanine Warrants and (v) for other general
corporate purposes of the Borrower and the Subsidiaries.

     SECTION 3. Additional Revolving Credit Commitments; Increase in Total Revolving Credit
Commitment. (a) Each Increasing Revolving Credit Lender, effective upon the Amendment No. 2
Effective Date, hereby agrees that (i) in respect of each Increasing Revolving Credit Lender that
is a Revolving Credit Lender immediately prior to the Amendment No. 2 Effective Date, such
Increasing Revolving Credit Lender’s Revolving Credit Commitment in effect immediately prior to the
Amendment No. 2 Effective Date shall be increased by the amount set forth next to such Increasing
Revolving Credit Lender’s name on Schedule II hereto, and (ii) in respect of each Increasing
Revolving Credit Lender that is not a Revolving Credit Lender immediately prior to the Amendment
No. 2 Effective Date, such Increasing Revolving Credit Lender’s Revolving Credit Commitment shall
be the amount set forth next to such Increasing Revolving Credit Lender’s name on Schedule II
hereto. All such additional Revolving Credit Commitments shall constitute “Revolving Credit
Commitments” and all Increasing Revolving Credit Lenders shall constitute “Lenders”, in each case
for all purposes of the Credit Agreement and the other Loan Documents. The Required Lenders hereby
consent to the increase in the Total Revolving Credit Commitment resulting from the additional
Revolving Credit Commitments being provided by the Increasing Revolving Credit Lenders hereunder.

          (b) In order to effectuate the increase in Revolving Credit Commitments contemplated hereby,
each of the parties hereto hereby agrees that the Administrative Agent may take any and all actions
as may be reasonably necessary to ensure that, after giving effect to any such increase in
Revolving Credit Commitments, the outstanding Revolving Loans (if any) are held by the Revolving
Credit Lenders in accordance with their new applicable Pro Rata Percentages. This may be
accomplished at the discretion of the Administrative Agent, following consultation with the
Borrower, (i) by requiring the outstanding Revolving Loans to be prepaid
with the proceeds of a new Revolving Credit Borrowing to be made on the Amendment No. 2
Effective Date, (ii) by causing non-Increasing Revolving Credit Lenders to assign portions of their
outstanding Revolving Loans to Increasing Revolving Credit Lenders, or (iii) by any

 

3

combination of
the foregoing. Any prepayment or assignment described in this paragraph (b) shall be subject to
Section 2.16 of the Credit Agreement, but shall otherwise be without premium or penalty.

     SECTION 4. Conditions Precedent to Incremental Term Loans and Increase in Revolving Credit
Commitments. (a) The obligation of the Incremental Term Lenders to make Incremental Term Loans
and of the Increasing Revolving Credit Lenders to provide additional Revolving Credit Commitments
hereunder on the Amendment No. 2 Effective Date shall be subject to the satisfaction of the
following conditions precedent:

     (i) On the Amendment No. 2 Effective Date, each of the conditions set forth in
paragraphs (b) and (c) of Section 4.01 of the Credit Agreement shall be satisfied and the
Administrative Agent shall have received a certificate to that effect dated as of the
Amendment No. 2 Effective Date and executed by a Financial Officer of the Borrower.

     (ii) The Administrative Agent shall have received (with sufficient copies for each
Incremental Term Lender and each Increasing Revolving Credit Lender) such legal opinions,
board resolutions and other closing certificates and documentation as shall be reasonably
required by the Incremental Term Lenders and the Increasing Revolving Credit Lenders, in
each case consistent with those delivered on the Closing Date under clauses (a), (c) and (d)
of Section 4.02 of the Credit Agreement.

     (iii) The Administrative Agent shall have received a certificate, dated the Amendment
No. 2 Effective Date and executed by a Financial Officer of the Borrower, confirming that
the Borrower will be in Pro Forma Compliance after giving effect to the making of the
Incremental Term Loans on the Amendment No. 2 Effective Date and the application of the
proceeds therefrom.

     (iv) The Administrative Agent shall have received all fees and other amounts due and
payable on or prior to the Amendment No. 2 Effective Date, including, to the extent
invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed
or paid by the Borrower hereunder or under any other Loan Document.

          (b) The obligations of the Incremental Term Lenders to make Incremental Term Loans hereunder
after the Amendment No. 2 Effective Date shall be subject to the satisfaction of the following
conditions precedent:

     (i) On the date of the making of such Incremental Term Loans, each of the conditions
set forth in paragraphs (b) and (c) of Section 4.01 of the Credit Agreement shall be
satisfied and the Administrative Agent shall have received a certificate to that effect
dated as of such date and executed by a Financial Officer of the Borrower.

     (ii) The Administrative Agent shall have received a certificate, dated such date and
executed by a Financial Officer of the Borrower, confirming that the Borrower will be in Pro
Forma Compliance after giving effect to the making of the Incremental Term Loans to be made
on such date and the application of the proceeds therefrom.

     SECTION 5. Amendments to Credit Agreement. Effective as of the Amendment No. 2 Effective
Date:

 

4

          (a) The Preliminary Statement to the Credit Agreement is hereby amended by deleting
“$30,000,000” at the end of clause (b) of the first sentence therein and substituting therefor
“$50,000,000”.

          (b) Section 1.01 of the Credit Agreement is hereby amended by adding the following defined
terms in appropriate alphabetical order:

     ”Amendment No. 2” shall mean the Incremental Term Loan Assumption Agreement
and Amendment No. 2 related to this Agreement dated as of March 24, 2006.

     ”Amendment No. 2 Effective Date” shall have the meaning assigned to such term
in Amendment No. 2.

     ”Earn-Out Obligation” shall mean an obligation to pay the seller in a
Permitted Acquisition a future payment that is contingent upon the financial
performance of the Acquired Entity.

     ”Mezzanine Warrants” shall mean the warrants referred to in clauses (a) and
(c) of the definition of the term “Warrants”.”

          (c) The definition of the term “Applicable Percentage” set forth in Section 1.01 of the Credit
Agreement is hereby amended as follows:

	 	(i)	 	by deleting “2.25%” at the end of clause (a)
therein and substituting therefor “2.50%”; and
	 
	 	(ii)	 	by deleting “1.25%” at the end of clause (b)
therein and substituting therefor “1.50%”.

          (d) The definition of the term “Incremental Term Loan Amount” set forth in Section 1.01 of the
Credit Agreement is hereby amended and restated in its entirety as follows:

     ”Incremental Term Loan Amount” shall mean, at any time after the Amendment
No. 2 Effective Date (any such time referred to as the “Measuring Date”), the
excess, if any, of (a) $150,000,000 over (b) the aggregate amount of all
Incremental Term Commitments established after the Amendment No. 2 Effective Date
(but prior to the Measuring Date) pursuant to Section 2.24.”

          (e) The definition of the term “Indebtedness” set forth in Section 1.01 of the Credit
Agreement is hereby amended by deleting the words “contingent earn-out obligations” in the
parenthetical at the end of clause (e) therein and substituting therefor the words “Earn-Out
Obligations”.

          (f) The definition of the term “Restricted Payment” set forth in Section 1.01 of the Credit
Agreement is hereby amended by adding the following sentence at the end thereof:

     “For the avoidance of doubt, any payment made in respect of an Earn-Out
Obligation is not a Restricted Payment.”

          (g) To give effect to the making of the Incremental Term Loans hereunder and the treatment
thereof as “Term Loans” for all purposes of the Credit Agreement, Section 2.11(a) of the Credit
Agreement is hereby amended and restated in its entirety as follows:

 

5

     ”(a) The Borrower shall pay to the Administrative Agent, for the accounts of
the Term Lenders, on the dates set forth below, or if any such date is not a
Business Day, on the immediately preceding Business Day (each such date being
called a “Repayment Date”), a principal amount of the Term Loans (as adjusted from
time to time pursuant to Sections 2.12, 2.13(f) and 2.24(d)) equal to the amount
set forth below for such date (it being understood that such amounts assume the
funding in full on or prior to March 31, 2006, of all Incremental Term Commitments
established under Amendment No. 2, and that if such Incremental Term Commitments
are not so funded in full, the amounts set forth below will be adjusted downward
accordingly), together in each case with accrued and unpaid interest on the
principal amount to be paid to but excluding the date of such payment:

	 	 	 	 	 
	Repayment Date	 	Amount	 
	December 31, 2004
	 	$	180,000	 
	March 31, 2005
	 	$	180,000	 
	June 30, 2005
	 	$	360,000	 
	September 30, 2005
	 	$	360,000	 
	December 31, 2005
	 	$	360,000	 
	March 31, 2006
	 	$	360,000	 
	June 30, 2006
	 	$	530,000	 
	September 30, 2006
	 	$	530,000	 
	December 31, 2006
	 	$	530,000	 
	March 31, 2007
	 	$	530,000	 
	June 30, 2007
	 	$	530,000	 
	September 30, 2007
	 	$	530,000	 
	December 31, 2007
	 	$	530,000	 
	March 31, 2008
	 	$	530,000	 
	June 30, 2008
	 	$	530,000	 
	September 30, 2008
	 	$	530,000	 
	December 31, 2008
	 	$	51,225,000	 
	March 31, 2009
	 	$	51,225,000	 
	June 30, 2009
	 	$	51,225,000	 
	Term Loan Maturity Date
	 	$	51,225,000	 

          (h) Section 6.01(e) of the Credit Agreement is hereby amended by deleting “$10,000,000”
therein and substituting “$15,000,000” therefor.

          (i) Section 6.01(f) of the Credit Agreement is hereby amended by deleting “$10,000,000”
therein and substituting “$15,000,000” therefor.

 

6

          (j) Section 6.01(n) of the Credit Agreement is hereby amended by deleting “$15,000,000”
therein and substituting “$20,000,000” therefor.

          (k) Section 6.04(g) of the Credit Agreement is hereby amended by adding the words “or
division” after the words “or line of business” in the first sentence thereof.

          (l) Section 6.04(k) of the Credit Agreement is hereby amended by deleting the reference to
“$7,500,000” in both places therein and substituting “10,000,000” therefor.

          (m) Clause (ii)(z) of Section 6.05(a) is hereby amended by adding the words “and investments
and acquisitions permitted under Section 6.04” at the end thereof.

          (n) Section 6.07(e) of the Credit Agreement is hereby amended as follows:

	 	(i)	 	by deleting the reference to “$250,000” in both
places therein and substituting “500,000” therefor; and
	 
	 	(ii)	 	by adding the following sentence at the end thereof:
	 
	 	 	 	“For the avoidance of doubt, the Borrower may make
payments in respect of Earn-Out Obligations to the
extent permitted by Section 6.15.”

          (o) Clause (ii) of Section 6.09(c) is amended in its entirety to read as follows:

"(ii) pay in cash any amount in respect of any Indebtedness or preferred Equity
Interests that may at the obligor’s option be paid in kind or in other securities,
except that in either case the Borrower may (A) pay, satisfy and discharge the
Mezzanine Warrant Put Right if, when and to the extent exercised, and (B) redeem
the Mezzanine Warrants”.

          (p) Section 6.12 of the Credit Agreement is hereby amended by deleting the table set forth
therein and substituting therefor the following table:

	 	 	 
	Period	 	Ratio
	Amendment No. 2 Effective Date through September 30, 2006

	 	3.00 to 1.00
	October 1, 2006 through September 30, 2007

	 	3.25 to 1.00
	October 1, 2007 through September 30, 2008

	 	3.50 to 1.00
	Thereafter

	 	4.00 to 1.00

          (q) Section 6.13 of the Credit Agreement is hereby amended by deleting the table set forth
therein and substituting therefor the following table:

 

7

	 	 	 
	Period	 	Ratio
	Amendment No. 2 Effective Date through September 30, 2006

	 	4.50 to 1.00
	October 1, 2006 through September 30, 2007

	 	3.75 to 1.00
	October 1, 2007 through September 30, 2008

	 	3.25 to 1.00
	Thereafter

	 	3.00 to 1.00

          (r) Article VI is hereby amended by adding a new Section 6.15 at the end thereof as follows:

     “SECTION 6.15. Earn-Out Obligations. Make or agree to make, directly or
indirectly, any payment in respect of an Earn-Out Obligation; provided, however,
that the Borrower may make a payment in respect of any Earn-Out Obligation so long
as (a) at the time thereof and after giving effect thereto, (i) no Default or
Event of Default shall have occurred and be continuing or result therefrom, (ii)
there would be at least $5,000,000 of unused and available Revolving Credit
Commitments and (iii) the Borrower would be in Pro Forma Compliance (assuming, for
purposes of making such determination with respect to the covenant set forth in
Section 6.14, that the maximum Leverage Ratio then permitted by such covenant is
0.25 to 1.00 lower than the Leverage Ratio actually set forth therein and in
effect at the time such determination is made) and (b) the aggregate amount of
payments made in respect of Earn-Out Obligations does not exceed (i) $5,000,000
during the fiscal year ending September 30, 2006, (ii) an aggregate amount of
$21,000,000 for the two-fiscal-year period ending September 30, 2008 and (iii)
$5,000,000 in any fiscal year thereafter.”

     SECTION 6. Representations and Warranties. To induce the other parties hereto to enter into
this Assumption Agreement and Amendment, the Borrower represents and warrants to the Administrative
Agent and each of the Lenders that, as of the Amendment No. 2 Effective Date:

          (a) This Assumption Agreement and Amendment has been duly authorized, executed and delivered
by each Loan Party party hereto, and constitutes a legal, valid and binding obligation of such Loan
Party in accordance with its terms. The Credit Agreement (as amended hereby) constitutes a legal,
valid and binding obligation of the Borrower in accordance with its terms.

          (b) The representations and warranties set forth in Article III of the Credit Agreement are
true and correct in all material respects on and as of the Amendment No. 2 Effective Date with the
same effect as though made on and as of the Amendment No. 2 Effective Date, except to the extent
such representations and warranties expressly relate to an earlier date (in which case such
representations and warranties were true and correct in all material respects as of such earlier
date).

          (c) No Default or Event of Default has occurred and is continuing.

     SECTION 7. Effectiveness. This Assumption Agreement and Amendment shall become effective as
of the date (the “Amendment No. 2 Effective Date”) that the Administrative Agent

 

8

shall have received counterparts of this Assumption Agreement and Amendment that, when taken
together, bear the signatures of (i) the Borrower, (ii) each Subsidiary Guarantor, (iii) the
Required Lenders, (iv) each Incremental Term Lender and (v) each Increasing Revolving Credit
Lender.

     SECTION 8. Effect of Amendment. Except as expressly set forth herein, this Assumption
Agreement and Amendment shall not by implication or otherwise limit, impair, constitute a waiver
of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the
Collateral Agent or the Borrower under the Credit Agreement or any other Loan Document, and shall
not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants
or agreements contained in the Credit Agreement or any other Loan Document, all of which are
ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein
shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or
other change of, any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement or any other Loan Document in similar or different circumstances. This
Assumption Agreement and Amendment shall apply and be effective only with respect to the provisions
of the Credit Agreement specifically referred to herein. After the date hereof, any reference to
the Credit Agreement shall mean the Credit Agreement, as modified hereby.

     SECTION 9. Consent and Reaffirmation. Each Subsidiary Guarantor hereby consents to this
Assumption Agreement and Amendment and the transactions contemplated hereby, and each Loan Party
hereby (a) agrees that, notwithstanding the effectiveness of this Assumption Agreement and
Amendment, the Guarantee and Collateral Agreement and each of the other Security Documents continue
to be in full force and effect, (b) confirms its guarantee of the Obligations (with respect to each
Subsidiary Guarantor) and its grant of a security interest in its assets as Collateral therefor,
all as provided in the Loan Documents as originally executed and (c) acknowledges that such
guarantee and/or grant continue in full force and effect in respect of, and to secure, the
Obligations under the Credit Agreement (as amended hereby) and the other Loan Documents, including
the Incremental Term Loans.

     SECTION 10. Expenses. The Borrower agrees to reimburse the Administrative Agent for all
reasonable out-of-pocket expenses incurred in connection with this Assumption Agreement and
Amendment in accordance with the Credit Agreement, including the reasonable fees, charges and
disbursements of counsel for the Administrative Agent.

     SECTION 11. Counterparts. This Assumption Agreement and Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts, each of which when
so executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same contract. Delivery of an executed counterpart of a signature page
of this Assumption Agreement and Amendment by facsimile or electronic transmission shall be as
effective as delivery of a manually executed counterpart hereof.

     SECTION 12. Applicable Law. THIS ASSUMPTION AGREEMENT AND AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

9

     SECTION 13. Headings. The headings of this Assumption Agreement and Amendment are for
purposes of reference only and shall not limit or otherwise affect the meaning hereof.

[Remainder of page intentionally left blank]

 

10

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

	 	 	 	 	 	 	 	 	 
	 	 	ALION SCIENCE AND TECHNOLOGY CORPORATION,
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	By	 	 	 	 
	 	 	 	 	 	 	          /s/ John M. Hughes
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	John M. Hughes
	 

	 	 	 	 	 	Title:
	 	Executive Vice President and CFO
	 
	 	 	 	 	 	 	 	 
	 	 	HUMAN FACTORS APPLICATIONS, INC.,
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	By	 	 	 	 
	 	 	 	 	 	 	          /s/ C. Randall Crawford
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	C. Randall Crawford
	 

	 	 	 	 	 	Title:
	 	President
	 
	 	 	 	 	 	 	 	 
	 	 	ALION-METI CORPORATION,
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	By	 	 	 	 
	 	 	 	 	 	 	          /s/ Barry S. Watson
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	Barry S. Watson
	 

	 	 	 	 	 	Title:
	 	President
	 
	 	 	 	 	 	 	 	 
	 	 	ALION-CATI CORPORATION,
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	By	 	 	 	 
	 	 	 	 	 	 	          /s/ Rob Goff
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	Rob Goff
	 

	 	 	 	 	 	Title:
	 	President
	 
	 	 	 	 	 	 	 	 
	 	 	ALION-JJMA CORPORATION,
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	By	 	 	 	 
	 	 	 	 	 	 	          /s/ Rob Goff
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	Rob Goff
	 

	 	 	 	 	 	Title:
	 	President

 

11

	 	 	 	 	 	 	 	 	 
	 	 	BMH ASSOCIATES, INC.,
	 

	 	 
	 	By	 	 	 	 
	 	 	 	 	 	 	          /s/ Rob Goff
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	Rob Goff
	 

	 	 	 	 	 	Title:
	 	President
	 
	 	 	 	 	 	 	 	 
	 	 	WASHINGTON CONSULTING, INC.,
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	By	 	 	 	 
	 	 	 	 	 	 	          /s/ John M. Hughes
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	John M. Hughes
	 

	 	 	 	 	 	Title:
	 	Vice President
	 
	 	 	 	 	 	 	 	 
	 	 	CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
	 	 	individually and as Administrative Agent
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	By	 	 	 	 
	 	 	 	 	 	 	          /s/ Robert Hetu
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	Robert Hetu
	 

	 	 	 	 	 	Title:
	 	Managing Director
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	By	 	 	 	 
	 	 	 	 	 	 	          /s/ Cassandra Droogan
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	Cassandra Droogan
	 

	 	 	 	 	 	Title:
	 	Vice President

 

 

SCHEDULE I

Incremental Term Lenders

	 	 	 	 	 
	 	 	Incremental Term Loan	 
	Incremental Term Lender	 	Amount	 
	Credit Suisse, Cayman Islands Branch
	 	$	68,000,000.00	 
	 
	 	 	 
	TOTAL COMMITMENT
	 	$	68,000,000.00	 
	 
	 	 	 

 

 

SCHEDULE II

Increasing Revolving Credit Lenders

	 	 	 	 	 
	 	 	Additional Revolving	 
	 	 	Credit Commitment	 
	Increasing Revolving Credit Lender	 	Amount	 
	Credit Suisse, Cayman Islands Branch
	 	$	5,000,000.00	 
	Merrill Lynch Capital, a division of
Merrill Lynch Business Financial Services Inc.
	 	$	15,000,000.00	 
	 
	 	 	 
	TOTAL COMMITMENT
	 	$	20,000,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]