Document:

Unassociated Document

    ESCROW
AGREEMENT

     

    ESCROW AGREEMENT (“Agreement”)
is made the 27th day of
October, 2010 by and among Frederick’s of Hollywood Group Inc. (“Seller”) and
Dolce Vita Intimates LLC (“Purchaser”), and Graubard Miller (“Escrow
Agent”).  Each of Seller, Purchaser and Escrow Agent is sometimes
referred to herein as an “Escrow Party.”

     

    WITNESSETH

     

    WHEREAS, Purchaser has
purchased substantially all of the operating assets and assumed certain specific
liabilities associated with Seller’s Business  pursuant to that
certain Asset Purchase Agreement, dated the date hereof (the “Asset Purchase
Agreement”);

     

    WHEREAS, Purchaser has
deposited the sum of $250,000.00 of the Purchase Price with Escrow Agent, to be
held in escrow and distributed in accordance with the provisions of this
Agreement;

     

    WHEREAS, capitalized terms
used herein, unless otherwise defined herein, have the meanings ascribed to them
in the Asset Purchase Agreement; and

     

    NOW, THEREFORE, in
consideration of the mutual covenants contained herein, the parties, intending
to be legally bound, hereby agree as follows:

     

    1.           Appointment of Escrow Agent;
Receipt of Escrow Funds.  Purchaser and Seller hereby appoint
Graubard Miller as Escrow Agent, and Graubard Miller agrees to serve as Escrow
Agent, hereunder.  Escrow Agent hereby acknowledges the receipt from
Purchaser of a wire transfer in the amount of TWO HUNDRED AND FIFTY THOUSAND
DOLLARS ($250,000.00), which constitute the “Escrow Funds,”  made in
accordance with the following instructions:

     

    
      
        
          
            	
                    Bank:

                  	
                    Deutche
      Bank for the Americas

                  
	
                    Address:

                  	
                    280
      Park Avenue

                    New
      York, New York 10017

                    Attention:  Daphne
      Cales

                  
	
                     
      

                  	 
      
	
                    For
      Credit To:

                  	
                    Graubard
      Miller Attorney Trust
Account

                  

          

        

      

    

    

    2.           Investment of Escrow
Funds.  The Escrow Funds shall be invested by Escrow Agent in
an interest bearing account in Deutsche Bank for the Americas, New York, New
York.

     

    3.           Disbursement of Escrow
Funds.  Escrow Agent shall hold, disburse and pay over the
Escrow Funds less the Expenses plus the Interest (each as hereinafter defined)
(“Total Escrow”) to Purchaser, a Purchaser Indemnitee or Seller as
follows:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (a)           If
Purchaser claims that it is entitled to an adjustment to the Purchase Price
pursuant to Section 2.9 of the Asset Purchase Agreement (an “Adjustment”) or a
Purchaser Indemnitee has or claims to have incurred or suffered any Losses for
which it is or may be entitled to indemnification under Section 7.1(a) of
the Asset Purchase Agreement, Purchaser or such Purchaser Indemnitee, as the
case may be, may, promptly after the incurrence of such Adjustment or Loss, but
in no event later than January 10, 2011, deliver to Seller and, if Seller is not
the Indemnifying Party, the Indemnifying Party and Escrow Agent a
Certificate.  Each Certificate shall state, as appropriate, that
Purchaser is entitled to an Adjustment or that the Purchaser Indemnitee has paid
or anticipates it will incur Losses for which such Purchaser Indemnitee is
entitled to indemnification pursuant to the Asset Purchase Agreement, and
specify in reasonable detail (and have annexed thereto all supporting
documentation) each individual item of Adjustment or Loss included in the amount
so stated and in the case of a Loss, the date such item was paid or accrued, the
basis for any anticipated liability and the nature of the misrepresentation,
breach of warranty, breach of covenant or claim to which each such item is
related and the computation of the amount to which such Purchaser Indemnitee
claims to be entitled thereunder.

     

    (b)         In
the event that Seller shall object to the Adjustment or the amount thereof or
the Indemnifying Party shall object to the indemnification of Purchaser
Indemnitee in respect of any claim or claims specified in any Certificate,
Seller or the Indemnifying Party shall, within forty-five (45) days after
receipt by it of such Certificate, deliver to Purchaser or Purchaser Indemnitee
and Escrow Agent a notice of objection to such effect, specifying in reasonable
detail the basis for such objection, and Seller or the Indemnifying Party, on
the one hand, and Purchaser or the Purchaser Indemnitee, on the other hand,
shall, within the sixty (60) day period beginning on the date of receipt by
Seller or the Indemnified Party of such objection, attempt to agree upon the
rights of the respective parties with respect to each of such claims to which
Seller or the Indemnifying Party shall have so objected. If Seller or the
Indemnifying Party or Purchaser or the Purchaser Indemnitee shall reach
agreement on their respective rights with respect to any of such claims, they
shall promptly prepare and sign a memorandum setting forth such agreement and
shall deliver a copy of such memorandum to Escrow Agent. Should such parties be
unable to agree as to any particular item or items or amount or amounts within
such time period, then the they shall submit such dispute to a court of
competent jurisdiction as set forth in Section 8.9 of the Asset Purchase
Agreement.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (c)           Claims
for an Adjustment or Losses specified in any Certificate to which Seller or the
Indemnifying Party shall not object in writing within forty-five (45) days of
receipt of such Certificate, claims for an Adjustment or Losses covered by a
memorandum of agreement of the nature described in Section 3(b) hereunder, and
claims for an Adjustment or Losses the validity and amount of which have been
the subject of judicial determination as described in Section 3(b) hereunder or
that have been settled with the consent of the Indemnifying Party as described
in Section 7.3 of the Asset Purchase Agreement, are hereinafter referred to,
collectively, as “Agreed Claims.”  Within ten (10) Business Days after
receipt by Escrow Agent of a notice from the Escrow Parties of the determination
of the amount of any Agreed Claim pursuant to which the Purchaser or a Purchaser
Indemnitee is entitled to payment, Escrow Agent shall pay to the Purchaser or
Purchaser Indemnitee an amount equal to the Agreed Claim.

     

    (d)           On
January 11, 2011, Escrow Agent shall distribute to Seller the Total Escrow less
the sum of (i) any payments of Agreed Claims for which it has received notice
prior thereto and (ii) an amount equal to all claims for Adjustments and Losses
with respect to which it has received notice on or before January 10, 2011 and
have not been resolved (“Open Claims”).  Upon the resolution of an
Open Claim and receipt by Escrow Agent of notice thereof from the Escrow
Parties, Escrow Agent shall distribute to the Escrow Parties entitled thereto
the amount of such Open Claim in accordance with the resolution
thereof.

     

    4.           Interest; Tax
Liabilities. All interest earned on the Escrow Funds (“Interest”) shall
be held as Escrow Funds for the benefit of Seller, and Seller shall be solely
responsible for the reporting of the Interest on its applicable tax returns and
the payment of any tax liability attributable thereto.  Seller’s tax
identification number is 13-2643042.  Seller shall provide Escrow
Agent with a substitute Form W-9 on the date hereof and indicate thereon that it
is not subject to backup withholding on income earned on any amount received
hereunder.

     

    5.           Escrow Agent’s Duties and
Termination Thereof.

     

    (a)         Each
Escrow Party agrees that Escrow Agent’s duties hereunder shall be entirely
administrative and that Escrow Agent is acting solely to accommodate the parties
and that, provided Escrow Agent acts in good faith (including, at the option of
Escrow Agent, acting in accordance with the opinion of such counsel as Escrow
Agent may retain hereunder), Escrow Agent shall have no liability to any other
Escrow Party as the result of any action Escrow Agent may take or omit to take
hereunder.  As a condition to the disbursement of the Total Escrow or
any part thereof, Escrow Agent may require a receipt from each person receiving
the Total Escrow or any part thereof.  Upon the complete distribution
of the Total Escrow, this Agreement shall terminate and Escrow Agent shall be
discharged from any liability arising from its execution or performance of this
Agreement, and if so requested by Escrow Agent, each Escrow Party shall provide
to Escrow Agent a written release in form and content satisfactory to Escrow
Agent.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (b)         Escrow
Agent shall not be responsible or liable for the performance of any party under
the Asset Purchase Agreement, this Agreement or any other agreement, or for the
completeness, accuracy or correctness of any document or transaction between or
among any of the parties.  Escrow Agent shall have no obligation to
take any legal action in connection with this Agreement or towards its
enforcement or performance or to appear in, prosecute or defend any action or
legal proceeding in connection herewith.

     

    (c)         In
the event that Escrow Agent shall be uncertain as to its duties or rights
hereunder or shall receive instructions with respect to the Escrow Funds which,
in its sole opinion, are in conflict with either other instructions received by
it or any provision of this Agreement, it shall, without liability of any kind,
be entitled to hold the Escrow Funds pending the resolution of such uncertainty
to Escrow Agent’s sole satisfaction, by final order or judgment of a court of
competent jurisdiction, or Escrow Agent, at its option, may, in final
satisfaction of its duties hereunder, deposit the Escrow Funds with the clerk of
the Federal District Court in the Southern District of New York or with the
clerk of any other court of competent jurisdiction.

     

    (d)         Escrow
Agent undertakes to perform only such duties as are expressly set forth herein
and shall not be bound in any way by any other agreement (whether or not Escrow
Agent has knowledge thereof).

     

    6.           Reliance Upon
Documents.  Escrow Agent may rely upon and shall be protected
in acting or refraining from acting upon any written notice, document,
instrument, certificate, instruction or request furnished to it hereunder and
believed by it to be genuine and to have been signed or presented by the proper
party or parties.  Escrow Agent shall be entitled to any and all
proofs with respect to any and all facts and to any and all acknowledgements and
indemnification it desires before releasing from escrow and disbursing the Total
Escrow or any part thereof. Escrow Agent shall not be obligated to make any
inquiry as to the truth of the information in any such notice, document,
instrument, certificate, instruction or request or as to the authority,
capacity, existence or identity of any person purporting to have executed any
such notice, document, instrument, certificate, instruction or request or to
have made any such signature or purporting to give any such notice or
instructions.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    7.           Retention of Counsel; Legal
Fees; Counsel.  If, in the sole opinion of Escrow Agent, it
requires counsel (which may include itself) in connection with this Agreement,
Escrow Agent shall retain such counsel, without notification to, or the approval
of, any of the parties to this Agreement.  Seller and Purchaser shall
be jointly and severally liable for the fees and expenses of such counsel in
accordance with Section 8 hereof.  In the event Escrow Agent retains
counsel because of a dispute between or among any of the parties to this
Agreement, upon resolution thereof, Escrow Agent and the prevailing party shall
be fully reimbursed by any other party for its share of said fees and expenses.
The participation of Graubard Miller as Escrow Agent is being undertaken as an
accommodation to the parties hereto, and shall in no way hinder or limit the
present or future ability of Graubard Miller to act as counsel to any Escrow
Party or any of their affiliates with respect to any matter including, but not
limited to, disputes between or among any of the parties to this Agreement with
regard to this Agreement or otherwise.  Without limitation on the
foregoing, the parties (i) recognize that Graubard Miller represents Seller with
regard to this Agreement, the Letter, the Asset Purchase Agreement and in other
matters and may continue to do so while serving as Escrow Agent, and (ii) waive
any conflicts that may arise from such representation.

     

    8.           Indemnification.  Seller
and Purchaser, jointly and severally, hereby indemnifies Escrow Agent, its
members, agents and employees (collectively the “Escrow Indemnified Parties”)
against, and holds them harmless from, and shall pay and reimburse Escrow Agent
for, any and all loss, liability, cost, damage and expense, including, without
limitation, costs of investigation and counsel fees and expenses which any of
the Escrow Indemnified Parties may suffer or incur by reason of any action,
claim or proceeding brought against any of the Escrow Indemnified Parties,
arising out of or relating in any way to this Agreement or the Letter, or any
transaction to which this Agreement or the Letter relates, other than any
action, claim or proceeding resulting from the bad faith of such Escrow
Indemnified Party.  The provisions of this paragraph shall survive the
termination of this Agreement.

     

    9.           Escrow Agent’s Fees and
Expenses. Escrow Agent shall not be entitled to compensation for its
services hereunder, but Purchaser shall reimburse Escrow Agent, upon demand, for
its costs incurred acting hereunder, including but not limited to bank fees
(“Expenses”). Escrow Agent shall have a lien on the Total Escrow for payment of
its Expenses.  Any outstanding Expenses which are not paid prior to
the earlier of release of any Escrow Funds or thirty (30) days after the invoice
date may be deducted from the Escrow Funds.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    10.         Resignation of Escrow
Agent.  Without liability to any Escrow Party, Escrow Agent at
any time may resign and be discharged from its duties or obligations hereunder
by giving notice in writing of such resignation, specifying the date when such
resignation shall take effect, which date shall be at least ten (10) days after
the date of such notice.  In the event Escrow Agent delivers a notice
of resignation, its only duty shall be to hold and dispose of the Total Escrow
in accordance with the original provisions of this Agreement until a successor
Escrow Agent shall be appointed by Seller and Purchaser within the time period
specified above.  A written notice of the name and address of such
successor escrow agent shall be given to Escrow Agent by Seller and Purchaser,
whereupon Escrow Agent’s only duty shall be to turn over to the successor escrow
agent the Total Escrow, in accordance with the written instructions jointly
signed by Seller and Purchaser. In the event that a
successor escrow agent shall not have been appointed and Escrow Agent shall not
have turned over to the successor escrow agent the Total Escrow within the time
period specified above, Escrow Agent may deposit the Total Escrow with the clerk
of the federal district court in the Southern District of New York or with the
clerk of any other court of competent jurisdiction, at which time Escrow Agent’s
duties hereunder shall terminate.  Provided Escrow Agent shall have
acted in good faith, and upon the execution and delivery by Escrow Agent of any
documents necessary to substitute a successor escrow agent as the holder of the
Total Escrow, Escrow Agent shall, upon its resignation, receive a written
release from Seller and Purchaser and successor escrow agent, in form and
content satisfactory to Escrow Agent.

     

    11.         Notices.  All
notices and other communications hereinafter shall be in writing and be deemed
to have been duly given if delivered personally, by recognized overnight courier
service or by telecopy (confirmed by first class mail).  Notices and
requests shall be, in the case of those by hand delivery, deemed to have been
given when delivered to any officer of the party to whom it is addressed; in the
case of those by overnight courier, deemed to have been given when deposited
with the overnight courier; and in the case of a telecopy, when
confirmed.  Notices shall be provided to addresses and facsimiles set
forth below:

     

    
      
        	
                If to Seller:

              
	 
      
	
                Frederick’s
      of Hollywood Group Inc.

              
	
                1115
      Broadway

              
	
                New
      York, New York 10010

              
	
                Attention:           

              	
                Marci
      J. Frankenthaler, General Counsel

              
	
                Facsimile:

              	
                212-798-4893

              
	
                Email:

              	
                marcif@fohgroup.com

              
	 
      	 
      
	
                With
      a copy (which shall not constitute notice) to:

              
	 
      
	
                Graubard
      Miller

              
	
                405
      Lexington Avenue, 19th Floor

              
	
                New
      York, New York 10174

              
	
                Attention:

              	
                David
      Alan Miller, Esq.

              
	
                Facsimile:

              	
                212-818-8881

              
	
                Email:

              	
                dmiller@graubard.com

              

      

    

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  If to Escrow Agent:

                
	 
      
	
                  Graubard
      Miller

                
	
                  405
      Lexington Avenue, 19th Floor

                
	
                  New
      York, New York 10174

                
	
                  Attention:

                	
                  David
      Alan Miller, Esq.

                
	
                  Facsimile:

                	
                  212-818-8881

                
	
                  Email:

                	
                  dmiller@graubard.com

                
	 
      
	
                  If to Purchaser:

                
	 
      
	
                  Dolce
      Vita Intimates LLC

                
	
                  1000
      First Street

                
	
                  Harrison,
      New Jersey 07029

                
	
                  Attention:           

                	
                  Jack
      Thekkekara, President

                
	
                  Facsimile:

                	
                  (973)
      482-8485

                
	
                  Email:

                	
                  jackt@dolcevitaintimates.com

                
	 
      
	
                  With
      a copy to:

                
	 
      
	
                  Hahn
      & Hessen LLP

                
	
                  488
      Madison Avenue

                
	
                  New
      York, New York 10022

                
	
                  Facsimile:

                	
                  (212)
      478-7400

                
	
                  Attention:

                	
                  James
      Kardon, Esq.

                

        

      

    

    

    12.         Integration;
Amendment.  This Agreement represents the entire agreement
among the parties hereto with respect to the subject hereof and may only be
amended or supplemented in a writing and signed by all the parties
hereto.  Except as set forth in this Agreement, no party relies upon
any representation or other statement made in connection with this Agreement or
the subject matter hereof.

     

    13.         Applicable
Law.  This Agreement shall be construed and enforced in
accordance with the law of the State of New York, without application of the
principles of conflicts of laws.

     

    14.         Binding Effect;
Authority.  This Agreement, and the rights and obligations of
the parties hereunder, shall be binding upon and shall inure to the benefit of
the parties hereto.  Any assignment or transfer by any party of its
rights under this Agreement or with respect to the Escrow Funds shall be void as
against Escrow Agent unless written notice thereof shall be given to Escrow
Agent.  Each corporate party represents and warrants that it (i) has
the requisite corporate power and authority to execute, deliver and perform the
Agreement and to incur the obligations herein and therein and (ii) has been
authorized by all necessary corporate action to execute, deliver and perform the
Agreement.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    15.         Construction.  All
pronouns and any variations thereof shall be deemed to refer to the masculine,
feminine, neuter, singular or plural as the context may require.  The
headings in this Agreement are for convenience of reference only and shall not
define or limit the provisions thereof.

     

    16.         Counterparts.  This
Agreement may be executed in counterparts and when each party has signed and
delivered at least one such counterpart, each counterpart shall be deemed an
original and, when taken together with the other signed counterparts, shall
constitute one agreement which shall be binding upon and effective as to all
parties.

     

    17.         No Third Party
Beneficiaries.  A person who is not a party to this Agreement
has no rights hereunder and no right to enforce any term of this
Agreement.  For the avoidance of doubt, the parties hereto may agree
to terminate this Agreement or vary any of its terms without the consent of any
third party.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    IN WITNESS WHEREOF, the
parties have duly executed this Agreement as of the date first set forth
above.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  Graubard
      Miller, as Escrow Agent

                                	 
      	
                                  FREDERICK’S
      OF HOLLYWOOD GROUP INC.

                                
	 
      	 
      	 
      
	
                                  By: 

                                	
                                  /s/ Jeffrey Gallant

                                	 
      	
                                  By: 

                                	
                                  /s/ Thomas Rende

                                
	Name:  Jeffrey
      Gallant	 
      	Name:  Thomas
      Rende
	Title:    Partner	Title:    Chief
      Financial Officer
	 
      	 
      	 
      
	 
      	 
      	
                                  DOLCE
      VITA INTIMATES LLC

                                
	 
      	 
      	 
      
	 
      	 
      	
                                  By:

                                	
                                  /s/ Jack Thekkekara

                                
	 
      	 
      	Name:  Jack
      Thekkekara
	 
      	 
      	Title:    Managing
      Member

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    Signature
Page to Escrow AgreementUnassociated Document

    EXECUTION
COPY

     

    

     

    AMENDMENT
NO. 8 TO THE FIRST LIEN CREDIT AGREEMENT 

     

    This
AMENDMENT NO. 8 TO THE FIRST LIEN CREDIT AGREEMENT (this "Amendment") dated as
of September 29, 2010 among UNITEK ACQUISITION, INC., a Delaware corporation
(the "Borrower"), UNITEK MIDCO, INC., a Delaware corporation (the "Parent"), the
Guarantors listed on the signature page hereof, ROYAL BANK OF CANADA, as
administrative agent (in such capacity, the "Administrative Agent") for the
financial institutions and other lenders parties to the First Lien Credit
Agreement referred to below (collectively, the "Lenders").

     

    PRELIMINARY
STATEMENTS:

     

    (1)           The
Borrower, the Parent, the Guarantors party thereto, Lenders and the
Administrative Agent have entered into a First Lien Credit Agreement dated as of
September 27, 2007 (such First Lien Credit Agreement, as otherwise amended,
supplemented or modified prior to the date hereof, the "First Lien Credit
Agreement").  Capitalized terms not otherwise defined in this
Amendment have the same meanings as specified in the First Lien Credit
Agreement;

     

    (2)           UniTek
Global Services, Inc., an indirect parent of the Borrower, has filed an S-1
Registration Statement with the Securities and Exchange Commission for the
offering of its common stock (the “IPO”).  The proceeds from the
offering will be, in part, contributed, directly or indirectly, to the Borrower
and used to prepay the Term B Advances and for other Permitted
Purposes;

     

    (3)           In
connection with the IPO, the Borrower, the Lenders party hereto and the
Administrative Agent have agreed to make certain amendments to the First Lien
Credit Agreement, as hereinafter set forth; and

     

    (4)           Accordingly,
the First Lien Credit Agreement shall be amended, as follows:

     

    Section
1. Amendments to First Lien
Credit Agreement.

     

    (a)           Section
1.01 of the First Lien Credit Agreement is amended by adding in the appropriate
alphabetical order the following new definition.

     

    “Permitted
Purposes” means

     

    (A)           in
the event the IPO is for less than $75,000,000, in each case to occur
substantially simultaneously, (i) the prepayment of the then outstanding loans
made pursuant to the BMO Facility, (ii) the payment of fees and expenses in
connection with the IPO and the use of the proceeds therefrom, (iii) any other
purposes specifically set forth in the S-1 Registration Statement for the IPO,
(iv) the prepayment of the Term B Advances in accordance with Section 2.06(a) of
the Credit Agreement in a minimum aggregate amount of $4,000,000 and (v) the
contribution of the remaining amount of proceeds from the IPO on the balance
sheet of the Company and its Subsidiaries reflected either in unrestricted and
available cash or Cash Equivalents or prepayment of Revolving Credit Advances;
or

     

    (B)           in
the event the IPO is $75,000,000 or more, in each case to occur substantially
simultaneously, (i) the prepayment of the then outstanding loans made pursuant
to the BMO Facility, (ii) the prepayment of the Term B Advances in accordance
with Section 2.06(a) of the Credit Agreement in a minimum aggregate amount of
$10,000,000, (iii) subject to the prior or substantially concurrent contribution
of proceeds pursuant to clause (v) below, the prepayment of advances under the
Second Lien Term Loan Agreement (other than the Term C Advances) in an aggregate
amount of up to $10,000,000, (iv) prepayment of the Revolving Credit Advances,
(v) the contribution of a minimum of $15,000,000 on the balance sheet of the
Company and its Subsidiaries reflected either in unrestricted and available cash
or Cash Equivalents or prepayment of Revolving Credit Advances, (vi) the payment
of fees and expenses in connection with the IPO and the use of the proceeds
therefrom, and (vii) any other purposes specifically set forth in the S-1
Registration Statement for the IPO; provided that in the event
the IPO is for more than $75,000,000 and for such amounts in excess of
$75,000,000 (the “IPO Excess
Amount”), “Permitted Purposes” shall include the prepayment of the Term B
Advances in accordance with Section 2.06(a) of the Credit Agreement in a minimum
aggregate amount of 25% of the IPO Excess Amount and, at the discretion of the
Borrower, any other purposes, including, but not limited to, the prepayment of
any Debt of any Loan Party and the contribution of additional amounts in
unrestricted and available cash or Cash Equivalents on the balance sheet of the
Company and its Subsidiaries.

     

     

    
      Amendment
No. 8 to First Lien Credit Agreement

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

               (b)           The
definition of “Debt for Borrowed
Money” is amended and restated in its entirety to read as
follows:

     

    “Debt for Borrowed
Money” of any Person means, at any date of determination, the sum of,
without duplication, the principal amount of (including the capitalized portion
of any interest), (a) Debt of the types referred to in clauses (a), (c), (e) and
(f) (but excluding undrawn amounts under Letters of Credit) of the definition
thereof, plus (b) all
Synthetic Debt of such Person at such date, minus (c) any unrestricted
and available cash or Cash Equivalents of such Person in an aggregate amount not
to exceed $10,000,000 to the extent that such amounts are held in Pledged
Deposit Accounts and subject to a control agreement in favor of the
Administrative Agent.

     

    Section
2. Conditions Precedent to
Effectiveness.  This Amendment shall become effective as of the
date hereof if, and only if:

     

    (a) the
representations and warranties contained in each Loan Document are true and
correct in all material respects on and as of such date, before and after giving
effect to the IPO and to the application of the proceeds therefrom, as though
made on and as of such date, other than any such representations or warranties
that, by their terms, refer to a specific date other than the date of the IPO,
in which case as of such specific date;

     

    (b) no
Default has occurred and is continuing, or would result from the IPO or from the
application of the proceeds therefrom;

     

    (c) after
giving pro forma effect to the IPO, the Borrower shall be in compliance with all
financial covenants set forth in Section 5.04 of the First Lien Credit
Agreement; and

     

    (d) on or
prior to such date the Administrative Agent shall have received counterparts of
this Amendment executed by the Loan Parties and the Required
Lenders.

     

    Section
3. Lender
Fee.

     

     

    Amendment No. 8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (a) In the
event the IPO is for less than $75,000,000, the Borrower hereby agrees to pay to
the Administrative Agent, a fee (the “Lender Fee”) in an amount equal to
(a) the amount set forth in Column B of the table below opposite the
aggregate amount of debt in Column A of the table below that is actually prepaid
pursuant to subsection (A)(iv) of the definition of “Permitted Purposes”, for
the account of each Lender that executes and delivers a counterpart of this
Amendment prior to 4:00 P.M. (Eastern time) on September 29, 2010 (each a
“Consenting Lender”) multiplied by (b) (without duplication) the percentage
of such Consenting Lender’s Revolving Credit Commitment, Swingline Commitment,
Letter of Credit Commitment, Incremental Commitment, unfunded Incremental Term B
Commitments and the outstanding principal amount of its Term B Advances to
(without duplication) the sum of total outstanding Revolving Credit Commitments,
Swingline Commitments, Letter of Credit Commitments, Incremental Commitments,
the outstanding principal amount of all Term B Advances, and unfunded
Incremental Term B Commitments.

     

    
      	
              Column A - Aggregate amount of Term B
      Advances prepaid in subsection (A)(iv) of the definition of “Permitted
      Purposes”

            	 
      	
               

              Column B – Amount of Lender
    Fee

            
	
              $4,000,000
      - $5,499,999

            	 
      	
              $200,000.00

            
	
              $5,500,000
      - $6,999,999

            	 
      	
              $150,000.00

            
	
              $7,000,000
      - $8,499,999

            	 
      	
              $100,000.00

            
	
              $8,500,000
      - $9,999,999

            	 
      	
              $50,000.00

            
	
              $10,000,000
      or greater

            	 
      	
              $0.00

            

    

    

     

    (b) In the
event the IPO is for more than $75,000,000, the Borrower hereby agrees to pay to
the Administrative Agent, a fee (the “Lender Fee”) in an amount equal 1.50% of
the aggregate amount of debt prepaid as described in subsection B(iii) of the
definition of “Permitted Purposes” for the account of each Lender that executes
and delivers this Amendment prior to 4:00 P.M. (Eastern time) on September 29,
2010 (each a “Consenting Lender”) multiplied by (without duplication) the
percentage of such Consenting Lender’s Revolving Credit Commitment, Swingline
Commitment, Letter of Credit Commitment, Incremental Commitment, unfunded
Incremental Term B Commitments and the outstanding principal amount of its Term
B Advances to (without duplication) all Consenting Lenders’ Revolving Credit
Commitments, Swingline Commitments, Letter of Credit Commitments, Incremental
Commitments, the outstanding principal amount of all Term B Advances, and
unfunded Incremental Term B Commitments.

     

    The
Lender Fee (if any) shall be fully earned, non-refundable and due and payable
concurrently with the making of such prepayment of the relevant Term B
Advances.  The Lender Fee constitutes Obligations and is in addition
to any other fees payable by Borrower under the First Lien Credit Agreement or
any other Loan Document.

     

    Section
4. Reaffirmation and
Confirmation.  Each Loan Party hereby ratifies, affirms,
acknowledges and agrees that the First Lien Credit Agreement and the other Loan
Documents to which it is a party represent the valid, enforceable and
collectible obligations of such Loan Party, and further acknowledges that there
are no existing claims, defenses, personal or otherwise, or rights of setoff
whatsoever with respect to the First Lien Credit Agreement or any other Loan
Document.  Each Loan Party hereby agrees that this Amendment in no way
acts as a release or relinquishment of the Liens and rights securing payments of
the Obligations.  The Liens and rights securing payment of the
Obligations are hereby ratified and confirmed by each Loan Party in all
respects.  The Third Incremental Term B Facility and all interest,
fees and other amounts pertaining thereto constitute Obligations and are secured
ratably by all of the Collateral.

     

     

    Amendment No. 8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Section
5. Reference to and Effect on
the First Lien Credit Agreement and other Loan Documents.

     

    (a) On and
after the effectiveness of this Amendment, each reference in the Loan Documents
to "this Agreement", "the Credit Agreement", "the First Lien Credit Agreement",
"hereunder", "hereof", "thereunder", "thereof" or words of like import referring
to the First Lien Credit Agreement shall mean and be a reference to the First
Lien Credit Agreement, as amended by this Amendment.

     

    (b) The First
Lien Credit Agreement, as specifically amended by this Amendment, and each of
the other Loan Documents are and shall continue to be in full force and effect
and are hereby in all respects ratified and confirmed.

     

    (c) The
execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of any Lender or the Administrative Agent
under any of the Loan Documents, nor constitute a waiver of any provision of any
of the Loan Documents.

     

    (d) This
Amendment shall be binding upon the parties hereto and their respective
successors and assigns and shall inure to the benefit of the parties hereto and
the successors and assigns of the Administrative Agent, each of the Lenders and
each of the Loan Parties.

     

    (e) In case
any provision herein or obligation hereunder shall be invalid, illegal or
unenforceable in any jurisdiction, the validity, legality and enforceability of
the remaining provisions or obligations, or of such provision or obligation in
any other jurisdiction, shall not in any way be affected or impaired
thereby.

     

    (f) Section
headings herein are included herein for convenience of reference only and shall
not constitute a part hereof for any other purpose or be given any substantive
effect.

     

    Section
6. Execution in
Counterparts.  This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute but one and the same agreement. Delivery of an
executed counterpart of a signature page to this Amendment by facsimile or other
electronic transmission shall be effective as delivery of a manually executed
counterpart of this Amendment.

     

    Section
7. Jurisdiction, Etc.
(a)  Each of the parties hereto hereby irrevocably and unconditionally
submits, for itself and its property, to the nonexclusive jurisdiction of any
New York State court or Federal court of the United States of America sitting in
New York City, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to this Amendment and each of the parties
hereto hereby irrevocably and unconditionally agrees that all claims in respect
of any such action or proceeding may be heard and determined in any such New
York State court or, to the fullest extent permitted by law, in such Federal
court.  Each of the parties hereto agrees that a final judgment in any
such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by
law.  Nothing in this Amendment shall affect any right that any party
may otherwise have to bring any action or proceeding relating to this Amendment
in the courts of any jurisdiction.

     

    Amendment No. 8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)           Each
of the parties hereto irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection that it may now or
hereafter have to the laying of venue of any suit, action or proceeding arising
out of or relating to this Amendment or any of the other Loan Documents to which
it is a party in any New York State or Federal court.  Each of the
parties hereto hereby irrevocably waives, to the fullest extent permitted by
law, the defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court.

     

    Section
8.     WAIVER OF JURY
TRIAL.   EACH OF THE
PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE)
ARISING OUT OF OR RELATING TO ANY THIS AMENDMENT OR THE ACTIONS OF ANY AGENT OR
ANY LENDER PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT
HEREOF.

     

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

     

    [SIGNATURE
PAGES IMMEDIATELY FOLLOW]

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

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

     

    
      
        	 	
                UNITEK ACQUISITION,
      INC., as Borrower

                UNITEK MIDCO, INC., as
      Parent

                UNITEK USA, LLC, as a
      Guarantor

                ADVANCED COMMUNICATIONS USA,
      LLC, as a Guarantor

                DIRECTSAT USA, LLC, as a
      Guarantor

                FTS USA, LLC, as a
      Guarantor

                WTW USA, LLC, as a
      Guarantor

                BCI COMMUNICATIONS,
      INC., as a Guarantor                                                                   

              

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 	 	 
	 	
                                        By:
      

                                      	
                                        /s/
      Ronald J. Lejman 

                                      
	 	
                                        Name: 

                                      	
                                        Ronald
      J. Lejman

                                      
	 	
                                        Title:  

                                      	
                                        CFO                                                                         
      

                                      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

     

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      
        	 	
                ROYAL BANK OF CANADA, as
      Administrative Agent

                                                                                       

              

      

    

    

    
      	 	 	 
	 	
              By:
      

            	
              /s/ Susan
      Khokher

            
	 	
              Name:

            	
              Susan
      Khokher

            
	 	
              Title: 

            	
              Manager,
      Agency                                                                         
      

            

    

     

     

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      
        
          
            
              	 	
                      Required Lenders

                       

                      ROYAL
      BANK OF CANADA

                       

                                                                                                 

                    

            

          

        

      

    

    

    
      	 	 	 
	 	
              By:
      

            	
              /s/ Mark
      S. Gronich

            
	 	
              Name:

            	
              Mark
      S. Gronich

            
	 	
              Title: 

            	
              Authorized
      Signatory                                                       
      

            

    

     

     

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

     

    
      	 	
              LANDMARK
      III CDO, LIMITED

              LANDMARK
      IV CDO, LIMITED

              LANDMARK
      V CDO, LIMITED

              LANDMARK
      VI CDO, LIMITED

              LANDMARK
      VII CDO, LIMITED

              LANDMARK
      VIII CLO, LIMITED

              LANDMARK
      IX CDO, LIMITED

              GREYROCK
      CDO, LIMITED

               

              By:  Aladdin
      Capital Management LLC

                                                                                       

            

    

    

    
      	 	 	 
	 	
              By:
      

            	
              /s/ Pallo
      Blum-Tucker

            
	 	
              Name:

            	
              Pallo
      Blum-Tucker

            
	 	
              Title: 

            	
              Authorized
      Signatory                                                                         
      

            

    

    

     

    Amendment No. 8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    
      
        	 	
                ABLECO
      FINANCE LLC

                                                                                          

              

      

    

    

    
      	 	 	 
	 	
              By:
      

            	
              /s/ Daniel
      E. Wolf

            
	 	
              Name:

            	
              Daniel
      E. Wolf

            
	 	
              Title: 

            	
              President                                                                         
      

            

    

     

     

     

    
      
        	 	
                A4
      FUNDING LP

                 

                By:  A4
      Fund Management, Inc.

                Its:  General
      Partner

                                                                                        

              

      

    

     

    
      	 	 	 
	 	
              By:
      

            	
              /s/ Daniel
      E. Wolf

            
	 	
              Name:

            	
              Daniel
      E. Wolf

            
	 	
              Title: 

            	
              Vice
      President                                                                         
      

            

    

     

    
 

    
      
        	 	
                A5
      FUNDING L.P.

                 

                By:  A5
      Fund Management LLC

                Its:  General
      Partner

                                                                                          

              

      

    

    

    
      	 	 	 
	 	
              By:
      

            	
              /s/ Daniel
      E. Wolf

            
	 	
              Name:

            	
              Daniel
      E. Wolf

            
	 	
              Title: 

            	
              Vice
      President                                                                         
      

            

    

    
 

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        	 	
                EMPORIA
      PREFERRED FUNDING I, LTD.

                 

                By:  A.C.
      Corporation, its Collateral Manager

                                                                                                                                                               

              

      

    

     

    
      	 	 	 
	 	
              By:
      

            	
               

            
	 	
              Name:

            	
               

            
	 	
              Title: 

            	
                                                                                       
      

            

    

     

    
 

    
      
        	 	
                EMPORIA
      PREFERRED FUNDING II, LTD.

                 

                By:  A.C.
      Corporation, its Collateral Manager

                                                                                          

              

      

    

     

    
      	 	 	 
	 	
              By:
      

            	
               

            
	 	
              Name:

            	
               

            
	 	
              Title: 

            	
                                                                                       
      

            

    

    
 

    
      
        	 	
                EMPORIA
      PREFERRED FUNDING III, LTD.

                 

                By:  A.C.
      Corporation, its Collateral Manager

                                                                                         

              

      

    

    

    
      	 	 	 
	 	
              By:
      

            	
               

            
	 	
              Name:

            	
               

            
	 	
              Title: 

            	
                                                                                       
      

            

    

     

    
 

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      
        	 	
                FIRSTRUST
      BANK

                                                                                         

              

      

    

    

    
      	 	 	 
	 	
              By:
      

            	
              /s/
      Ellen Frank

            
	 	
              Name:

            	
              Ellen
      Frank

            
	 	
              Title: 

            	
              Vice
      President                                                     
      

            

    

    
 

     

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    
      
        	 	
                MARRET
      ASSET MANAGEMENT INC.

              

      

    

     

    
      	 	 	 
	 	
              By:
      

            	
              /s/
      Adrian Prenc

            
	 	
              Name:

            	
              Adrian
      Prenc

            
	 	
              Title: 

            	
              VP
      Marret Asset Management Inc.

            

    

     

    
      	 	
              On
      behalf of:

              DYNAMIC
      HIGH YIELD BOND FUND

              DYNAMIC
      VALUE BALANCED CLASS

              DYNAMIC
      VALUE BALANCED FUND

            

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    

    
      
        	 	
                TRISTATE
      CAPITAL BANK                                                                           

              

      

    

    

    
      	 	 	 
	 	
              By:
      

            	
               

            
	 	
              Name:

            	
               

            
	 	
              Title: 

            	
               

            

    

     

     

     

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    
      
        	 	
                GREENSTAR
      CAPITAL FINANCE LLC                                                                          

              

      

    

    

    
      	 	 	 
	 	
              By:
      

            	
              /s/
      Seth Fink

            
	 	
              Name:

            	
              Seth
      Fink

            
	 	
              Title: 

            	
              Managing
      Director

            

    

    

    Amendment No.
8 to First Lien Credit Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    
      
        	 	
                MAXAM
      OPPORTUNITIES FUND LP (by its General Partner: Maxam Opportunities GP
      Ltd)

                MAXAM
      OPPORTUNITIES FUND (INTERNATIONAL) LP (by its General Partner: Maxam
      Opportunities (International) GP Ltd)           

              

      

    

    
 

    
      	 	 	 
	 	
              By:
      

            	
              /s/
      Johnny Ciampi

            
	 	
              Name:

            	
              Johnny
      Ciampi

            
	 	
              Title: 

            	
              Managing
      Partner

            

    

     

    Amendment No. 8 to First Lien Credit
Agreement

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