Document:

exv10w1

 

Exhibit 10.1

EXECUTION COPY

SECOND AMENDMENT TO CREDIT AGREEMENT

     THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of December 21,
2007, is by and among BELDEN INC. (formerly known as Belden CDT Inc.), a Delaware corporation (the
“Borrower”), those Material Domestic Subsidiaries of the Borrower party hereto (each a
“Guarantor” and collectively, the “Guarantors”), and WACHOVIA BANK, NATIONAL
ASSOCIATION, as administrative agent on behalf of the Lenders (as hereinafter defined) under-the
Credit Agreement (as hereinafter defined) (in such capacity, the “Administrative Agent”).
Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed
thereto in the Credit Agreement.

W I T N E S S E T H

     WHEREAS, the Borrower, the Guarantors, certain banks and financial institutions from time to
time party thereto (the “Existing Lenders”) and the Administrative Agent are parties to
that certain Credit Agreement dated as of January 24, 2006 (as amended, modified, extended,
restated, replaced, or supplemented from time to time, the “Credit Agreement”);

     WHEREAS, the Credit Parties have requested that the Revolving Committed Amount be increased
by $125,000,000 to $350,000,000 (such increased amount, the “Incremental Revolver”);

     WHEREAS, certain of the Existing Lenders and new banks, financial institutions or investment
funds (the “New Lenders” and together with the Existing Lenders, the “Lenders”)
have agreed to provide the additional Commitments necessary for the Incremental Revolver;

     WHEREAS, the Credit Parties have requested the Existing Lenders agree to amend certain
additional provisions of the Credit Agreement; and

     WHEREAS, the Required Lenders are willing to make such amendments to the Credit Agreement,
subject to the terms and conditions set forth herein.

     NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good
and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties
hereto agree as follows:

 

 

ARTICLE I

AMENDMENTS TO CREDIT AGREEMENT

1.1 Amendments to Section 1.1.

     (a) The following definitions are hereby added to Section 1.1 of the Credit Agreement in appropriate alphabetical order:

     "Consolidated Foreign and Domestic Assets ” shall mean, as of any date
of determination, the value of all assets of the Credit Parties and their
Subsidiaries on a consolidated basis as of the last day of the most recently
completed fiscal quarter of the Borrower for which financial statements have been
delivered in accordance with the terms of Section 5.1, as determined in accordance
with GAAP.

     "Second Amendment Effective Date ” shall mean December 21, 2007.

     (b) Clause (k) of the definition of “Permitted Investments” is hereby amended
and restated in its entirety to read as follows:

     (k) Investments (in addition to (1) those Investments in Subsidiaries existing
as of the Second Amendment Effective Date and disclosed to the Administrative Agent
on Schedule 1.1 (b), (2) Guaranty Obligations permitted by Section 6.1(h) and (3)
the transfer by the applicable Credit Parties of the Capital Stock of Belden
Electronics S.a.r.l, a company organized under the laws of France, Belden (UK)
Limited, a company organized under the laws of the United Kingdom and Noslo Limited,
a company organized under the laws of the United Kingdom to one or more Subsidiaries
of Belden Global CV, a company organized under the laws of the Netherlands) (i) by
Subsidiaries which are not Credit Parties in Subsidiaries which are not Credit
Parties; and (ii) by Credit Parties in Subsidiaries which are not Credit Parties;
provided, that if, at the time of making any Investment pursuant to this
clause (k)(ii), the Total Leverage Ratio is greater than or equal to 3.0 to 1.0 (to
be tested on a pro forma basis (as of the last day of the most recently completed
fiscal quarter of the Borrower for which financial statements have been delivered in
accordance with the terms of Section 5.1)), the aggregate outstanding amount of all
such Investments made pursuant to this clause (k)(ii), when combined (without
duplication) with the amount of any outstanding Indebtedness incurred pursuant to
clause (iv) of Section 6.1(d), shall not exceed the sum of (A) 15% of Consolidated
Foreign and Domestic Assets determined as of the date of such Investment
plus (B) $100,000,000;

2

 

     1.2 Amendment to Section 1.3. Section 1.3 is hereby amended by adding the
following paragraph to the end thereof:

     The parties hereto acknowledge and agree that, for purposes of all calculations of the
Total Leverage Ratio, after consummation of any Permitted Acquisition, (i) income statement
items and other balance sheet items (whether positive or negative) attributable to the
Target acquired in such transaction shall be included in such calculations to the extent
relating to such applicable period, subject to adjustments mutually acceptable to the
Borrower and the Administrative Agent, and (ii) Indebtedness of a Target which is retired in
connection with a Permitted Acquisition shall be excluded from such calculations and deemed
to have been retired as of the first day of such applicable period.

     1.3 Amendment to Section 2.1(a). Section 2.1 (a) is hereby amended by increasing
the Revolving Committed Amount from $225,000,000 to $350,000,000, such increase to be
implemented pursuant to Article II hereof.

     1.4 Amendment to 2.5. Section 2.5 of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

     Section 2.5 Incremental Facility.

     Subject to the terms and conditions set forth herein, the Borrower shall have the
right, at any time from time to time during the Commitment Period and after the Second
Amendment Effective Date, to incur additional Indebtedness under this Credit Agreement in
the form of term loans (each, an “Incremental Term Loan”) and/or increases to the
Revolving Committed Amount (each, an “Incremental Revolver”; each Incremental Term
Loan and Incremental Revolver, an “Incremental Facility”) by an aggregate amount
of up to $150,000,000. The following terms and conditions shall apply to each Incremental
Facility: (a) the loans made under any such Incremental Facility (each an “Additional
Loan”) shall constitute Credit Party Obligations and will be secured and guaranteed
with the other Credit Party Obligations on a pari passu basis, (b) any such Additional
Loans (1) made pursuant to an Incremental Revolver shall have the same terms (including
interest rate, maturity date, voting rights and rights to receive the proceeds of
prepayments) as the existing Revolving Loans and shall be considered Revolving Loans
hereunder and (2) made pursuant to an Incremental Term Loan shall have terms (including
interest rate, maturity date, voting rights, rights to receive the proceeds of prepayments
and amortization) to be agreed upon by the Administrative Agent and the Borrower at the
time of such Incremental Term Loan, (c) each Incremental Facility shall be in a minimum
principal amount of $50,000,000 and integral multiples of $10,000,000 in excess thereof,
(d) the proceeds of any Additional Loan will be used for the purposes set forth in Section
3.11, (e) the Borrower shall execute such promissory notes as are necessary to reflect the
Additional Loans under any such Incremental Facility, (f) before any Additional Loans are
made, the conditions to Extensions of Credit in Section 4.2 shall have been satisfied, (g)
no Default or Event of Default shall then exist or would

3

 

exist after giving effect to any such Incremental Facility, (h) the Administrative
Agent shall have received from the Borrower a satisfactory legal opinion of counsel to the
Borrower and such other documentation as it deems reasonably necessary to effectuate each
such Incremental Facility and (i) the Administrative Agent shall have received from the
Borrower updated financial projections and an officer’s certificate, in each case in form
and substance satisfactory to the Administrative Agent, demonstrating that, (A) after
giving effect to any such Incremental Facility on a pro forma basis, the Credit Parties
will be in compliance with the financial covenants set forth in Section 5.9 and (B) if the
full amount of the Revolving Committed Amount (after giving effect to such Incremental
Facility) were drawn by the Borrower, the Credit Parties would be in compliance with all
financial and other covenants (including covenants restricting indebtedness and liens)
under the Subordinated Note Documents and the documents for all other publicly held or
privately placed Indebtedness incurred in accordance with Section 6.1(p). Each Incremental
Facility shall be obtained from existing Lenders or from other banks, financial
institutions or investment funds reasonably acceptable to the Administrative Agent and the
Borrower; provided that such other banks, financial institutions and investment
funds shall enter into such joinder or other agreements to give effect thereto as the
Administrative Agent and the Borrower may reasonably request. The Administrative Agent is
authorized to enter into, on behalf of the Lenders, any amendment to this Credit Agreement
or any other Credit Document as may be necessary to incorporate the terms of any
Incremental Facility therein.

     1.5 Amendment to Section 5.9. Section 5.9 of the Credit Agreement is hereby
amended by deleting the last paragraph (dealing with the incorporation of financial statement
items of targets of Permitted Acquisitions) thereof.

     1.6 Amendment to Section 5.9(c). Section 5.9(c) of the Credit Agreement is hereby
amended by reducing the $150,000,000 Minimum Liquidity requirement therein to $110,000,000.

     1.7 Amendment to 6.1(d). Section 6.1(d) of the Credit Agreement is hereby
amended and restated in its entirety to read as follows:

     (d) Intercompany Indebtedness (in addition to such intercompany Indebtedness existing
as of the Second Amendment Effective Date and disclosed to the Administrative Agent on
Schedule 6.1(b)) (i) among the Credit Parties, (ii) among Subsidiaries of the Borrower that
are not Credit Parties, (iii) owing from a Credit Party to a Subsidiary of the Borrower that
is not a Credit Party or (iv) owing from a Subsidiary of the Borrower that is not a Credit
Party to a Credit Party; provided, that if, at the time any Indebtedness is incurred
pursuant to this clause (d)(iv), the Total Leverage Ratio is greater than or equal to 3.0 to
1.0 (to be tested on a pro forma basis (as of the last day of the most recently completed
fiscal quarter of the Borrower for which financial statements have been delivered in
accordance with the terms of Section 5.1)), the aggregate outstanding amount of all such
Indebtedness incurred pursuant to this clause (d)(iv), when combined (without duplication)
with any outstanding Investments made pursuant to

4

 

clause (k)(ii) of the definition of Permitted Investments, shall not exceed the sum of
(A) 15% of Consolidated Foreign and Domestic Assets determined as of the date such
Indebtedness is incurred plus (B) $100,000,000; provided that, upon the
request of the Administrative Agent at any time, (1) any such Indebtedness in the preceding
clause (iii) shall be fully subordinated to the Credit Party Obligations hereunder on terms
reasonably satisfactory to the Administrative Agent and (2) any such Indebtedness in the
preceding clause (iv) shall be evidenced by “floating balance” promissory notes not
requiring notations having terms reasonably satisfactory to the Administrative Agent, the
sole originally executed counterparts of which shall be pledged and delivered to the
Administrative Agent, for the benefit of the Secured Parties, as security for the Credit
Party Obligations;

     1.8 Amendment to 6.1(h). Section 6.1(h) of the Credit Agreement is hereby
amended and restated in its entirety to read as follows:

(h) Guaranty Obligations in respect of Indebtedness of the Subsidiaries of the
Borrower that are not Credit Parties in an aggregate principal amount not to exceed
$50,000,000 at any time outstanding, to the extent such Indebtedness is permitted
to exist or be incurred pursuant to this Section 6.1;

     1.9 Amendment to 6.1(m). Section 6.1(m) of the Credit Agreement is hereby
amended and restated in its entirety to read as follows:

(m) Indebtedness of Foreign Subsidiaries in an aggregate principal amount not to
exceed $50,000,000 at any time outstanding (not counting for the purposes of such
limit intercompany Indebtedness of such Foreign Subsidiaries permitted under
Section 6.1 (d) hereof);

     1.10 Amendment to 6.4(a) Section 6.4(a) of the Credit Agreement is hereby
amended by replacing clauses (xi) and (xii) thereof with clauses (xi) and (xii) below:

(xi) sale and leaseback transactions with respect to real estate having a net book
value not to exceed $75,000,000 in the aggregate during the term of this Agreement;

(xii) sales of Designated Real Estate for fair market value in an aggregate amount not
to exceed $75,000,000 during the term of this Agreement; and

     1.11 Replacement Schedule l.1(b) and 6.1(b). Schedules l.l(b) and 6.1(b) to the
Credit Agreement are hereby replaced in their entirety with Schedule 1.1 (b) and Schedule
6.1(b) attached hereto.

ARTICLE II

INCREASE IN COMMITMENTS

5

 

     The Borrower has requested an increase of the Revolving Committed Amount by $125,000,000
from $225,000,000 (as in effect prior to this Amendment) to $350,000,000 (after giving effect to
this Amendment). The Borrower has secured additional Commitments from certain of the Existing
Lenders and new Commitments from the New Lenders to provide the Incremental Revolver, and the
Administrative Agent has delivered to each such Lender a revised or new (as applicable) Lender
Commitment Letter setting forth its revised or new (as applicable) Commitment (after giving effect
to this Amendment). For the avoidance of doubt, the Incremental Revolver shall not operate to
reduce the availability of additional increases to the Revolving Committed Amount pursuant to
Section 2.5 of the Credit Agreement (as amended by this Amendment).

ARTICLE III

CONDITIONS TO EFFECTIVENESS

     3.1 Closing Conditions. This Amendment shall become effective as of the day and year
set forth above (the “Second Amendment Effective Date”) upon satisfaction of the following
conditions (in form and substance reasonably acceptable to the Administrative Agent):

     (a) Executed Amendment. The Administrative Agent shall have received a copy of this
Amendment duly executed by each of the Credit Parties and the Administrative Agent, on behalf
of
the Required Lenders.

     (b) Executed Consents. The Administrative Agent shall have received executed
consents, in substantially the form of Exhibit A attached hereto, from the Required
Lenders
authorizing the Administrative Agent to enter into this Amendment on their behalf. The
delivery
by the Administrative Agent of its signature page to this Amendment shall constitute
conclusive
evidence that the consents from the Required Lenders have been obtained.

     (c) Lender Commitment Letters; New Lender Joinder. The Administrative Agent shall
have received sufficient additional Commitments from the Existing Lenders and New Lenders to
provide the Incremental Revolver, and the Administrative Agent shall have delivered to each
Lender providing an additional Commitment a revised or new (as applicable) Lender Commitment
Letter, setting forth such Lender’s revised or new (as applicable) Commitment (after giving
effect
to this Amendment). If any New Lender provides a portion of the Incremental Revolver, the
Administrative Agent shall have received such documentation as the Administrative Agent shall
reasonably require joining such entity as a Lender party to the Credit Agreement.

     (d) Consent and Approvals. All consents and approvals of the boards of directors,
shareholders, governmental authorities and other applicable material third parties necessary
in
connection with this Amendment shall have been obtained.

     (e) Corporate
and Capital Structure, etc. The Administrative Agent shall be satisfied
with the corporate and capital structure and management of the Borrower and its Subsidiaries
after giving effect to this Amendment, with all legal, tax, accounting, business and other
matters
relating to this Amendment or to the Borrower and its Subsidiaries after giving effect to this

6

 

Amendment, and with the aggregate amount of fees and expenses payable in connection with the
consummation of this Amendment and the aggregate outstanding amount of Indebtedness of the Borrower
and its Subsidiaries, and any liens in connection therewith or otherwise, after giving effect to
this Amendment.

     (f) Material Adverse Change. Since December 31, 2006, no material adverse change
shall have occurred in the business, operations, property, assets or financial condition of
the
Borrower and its subsidiaries taken as a whole which could reasonably be expected to have a

Material Adverse Effect.

     (g) No Litigation. There shall not exist any pending litigation or investigation
affecting or relating to any Credit Party or any of its Subsidiaries that in the reasonable
judgment
of the Administrative Agent and Lenders could be expected to have a Material Adverse Effect,
that has not been settled, dismissed, vacated, discharged or terminated prior to the Second
Amendment Effective Date.

     (h) Financial Projections. The Administrative Agent shall have received from the
Borrower updated financial projections, in form and substance reasonably satisfactory to the
Administrative Agent.

     (i) Officer’s Certificate. The Administrative Agent shall have received a certificate
from the Borrower reasonably satisfactory thereto that (i) each of the Borrower and the Guarantors
is solvent, (ii) the Borrower is in compliance with all financial covenants set forth in Section
5.9 of the Credit Agreement on a pro forma basis after giving effect to this Amendment and (iii)
demonstrates that if the full committed amount of the Revolving Committed Amount (after giving
effect to the $125,000,000 increase on the Second Amendment Effective Date) were drawn by the
Borrower, the Borrower would be in compliance with all financial covenants under the Subordinated
Note Documents and the documents for all other publicly held or privately placed Indebtedness
incurred in accordance with Section 6.l(p).

     (j) Legal Opinion. The Administrative Agent shall have received an opinion or
opinions of counsel for the Credit Parties, dated the Second Amendment Effective Date and
addressed to the Administrative Agent and the Lenders, in form and substance reasonably acceptable
to the Administrative Agent (which shall include, without limitation, opinions with respect to the
valid existence of each Credit Party and opinions as to the non-contravention of the Credit
Parties’ organizational documents and the Subordinated Note Documents and the documents for all
other publicly held or privately placed Indebtedness incurred in accordance with Section 6.1 (p)).

     (k) Organizational Documents. The Administrative Agent shall have received:

     (i) Articles of Incorporation. A copy of the articles of incorporation of each
Credit Party certified by a secretary or assistant secretary of such Credit Party (pursuant
to a secretary’s certificate in form and substance satisfactory to the Administrative
Agent) as of the Second Amendment Effective Date to be true and correct and in force and
effect as

7

 

of such date or certification that there have been no changes to the articles of
incorporation delivered to the Administrative Agent on the First Amendment Effective Date.

     (ii) Bylaws. A copy of the bylaws of each Credit Party certified by a
secretary or assistant secretary of such Credit Party (pursuant to a secretary’s
certificate in form and substance satisfactory to the Administrative Agent) as of the
Second Amendment Effective Date to be true and correct and in force and effect as of such
date or certification that there have been no changes to the bylaws delivered to the
Administrative Agent on the First Amendment Effective Date.

     (iii) Resolutions. A copy of resolutions of the board of directors of each
Credit Party approving and adopting this Amendment, the transactions contemplated herein
and authorizing execution and delivery thereof, certified by a secretary or assistant
secretary of such Credit Party (pursuant to a secretary’s certificate in form and substance
satisfactory to the Administrative Agent) as of the Second Amendment Effective Date to be
true and correct and in force and effect as of such date.

     (iv) Good Standing. A copy of certificates of good standing, existence or its
equivalent with respect to each Credit Party certified as of a recent date by the
appropriate Governmental Authorities of the state of its incorporation and a certification
by a secretary or assistant secretary of such Credit Party that such Credit Party is in
good standing in each other jurisdiction where its ownership, lease or operation of
property or the conduct of its business requires such qualification, except to the extent
that the failure to so qualify and be in good standing could not reasonably be expected to
have a Material Adverse Effect.

     (v) Incumbency. An incumbency certificate of each Credit Party certified by a
secretary or assistant secretary (pursuant to a secretary’s certificate in form and
substance satisfactory to the Administrative Agent) to be true and correct as of the Second
Amendment Effective Date.

     (l) Payment of Fees. The Administrative Agent shall have received, for itself and the
Lenders, all fees owing pursuant to the engagement letter between the Administrative Agent, the
Arranger and the Borrower dated November 30, 2007.

     (m) Other Fees and Expenses. The Borrower shall have paid in full all reasonable
out-of-pocket fees and expenses of the Administrative Agent in connection with the preparation,
execution and delivery of this Amendment, including without limitation, the reasonable fees and
expenses of Moore & Van Allen PLLC.

     (n) Miscellaneous. All other documents and legal matters in connection with the
transactions contemplated by this Amendment shall be reasonably satisfactory in form and substance
to the Administrative Agent and its counsel.

8

 

ARTICLE IV

MISCELLANEOUS

     4.1 Amended Terms. On and after the Second Amendment Effective Date, all
references to the Credit Agreement in each of the Credit Documents shall hereafter mean the
Credit Agreement as amended by this Amendment. Except as specifically amended hereby or
otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in
full force and effect according to its terms.

     4.2 Representations and Warranties of Credit Parties. Each of the Credit Parties
represents and warrants as follows:

     (a) It has taken all necessary action to authorize the execution, delivery and
performance of this Amendment.

     (b) This Amendment has been duly executed and delivered by such Person
and constitutes such Person’s legal, valid and binding obligations, enforceable in
accordance with its terms, except as such enforceability may be subject to (i)
bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar
laws affecting creditors’ rights generally and (ii) general principles of equity (regardless
of whether such enforceability is considered in a proceeding at law or in equity).

     (c) No consent, approval, authorization or order of, or filing, registration or
qualification with, any court or governmental authority or third party is required in
connection with the execution, delivery or performance by such Person of this
Amendment.

     (d) After giving effect to this Amendment, the representations and warranties
set forth in Article III of the Credit Agreement are true and correct in all material
respects as of the date hereof (except for those which expressly relate to an earlier date).

     (e) After giving effect to this Amendment, no event has occurred and is
continuing which constitutes a Default or an Event of Default.

     (f) The Security Documents continue to create a valid security interest in, and
Lien upon, the Collateral, in favor of the Administrative Agent, for the benefit of the
Lenders, which security interests and Liens are perfected in accordance with the terms
of the Security Documents and prior to all Liens other than Permitted Liens.

     (g) Except as specifically provided in this Amendment, the Credit Party
Obligations are not reduced or modified by this Amendment and are not subject to any
offsets, defenses or counterclaims.

9

 

     4.3 Reaffirmation of Credit Party Obligations. Each Credit Party hereby ratifies
the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit
Agreement applicable to it and (b) that it is responsible for the observance and full performance
of its respective Credit Party Obligations.

     4.4 Credit Document. This Amendment shall constitute a Credit Document under the
terms of the Credit Agreement.

     4.5 Further Assurances. The Credit Parties agree to promptly take such action, upon
the request of the Administrative Agent, as is necessary to carry out the intent of this Amendment.

     4.6 Entirety. This Amendment and the other Credit Documents embody the entire
agreement among the parties hereto and supersede all prior agreements and understandings, oral or
written, if any, relating to the subject matter hereof.

     4.7 Counterparts; Telecopy. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be an original, but all of which
shall constitute one and the same instrument. Delivery of an executed counterpart to this
Amendment by telecopy or other electronic means shall be effective as an original and shall
constitute a representation that an original will be delivered.

     4.8 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402
OF THE NEW YORK GENERAL OBLIGATIONS LAW).

     4.9 Successors and Assigns. This Amendment shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and permitted assigns.

4.10
Consent to Jurisdiction; Service of Process; Waiver of Jury Trial. The jurisdiction, services of process and waiver of jury trial provisions set forth in Sections 9.14
and 9.17 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis.

[remainder of page intentionally left blank]

10

 

BELDEN INC.

SECOND AMENDMENT TO CREDIT AGREEMENT

     IN WITNESS WHEREOF the Credit Parties and the Administrative Agent (on behalf of
the Required Lenders) have caused this Amendment to be duly executed on the date first above
written.

	 	 	 	 	 
	BORROWER:	 	BELDEN INC. (formerly known as Belden CDT Inc.),
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen H. Johnson
	 

	 	 	 	 
	 	 	Name: Stephen H. Johnson
	 	 	Title: Treasurer
	 
	 	 	 	 
	GUARANTORS:	 	BELDEN WIRE & CABLE COMPANY,
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen H. Johnson
	 

	 	 	 	 
	 	 	Name: Stephen H. Johnson
	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	BELDEN CDT NETWORKING, INC.,
	 	 	a Washington corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen H. Johnson
	 

	 	 	 	 
	 	 	Name: Stephen H. Johnson
	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	NORDX/CDT CORP.,
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen H. Johnson
	 

	 	 	 	 
	 	 	Name: Stephen H. Johnson
	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	THERMAX/CDT, INC.,
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen H. Johnson
	 

	 	 	 	 
	 	 	Name: Stephen H. Johnson
	 	 	Title: Treasurer

 

 

	 	 	 	 	 
	 	 	BELDEN HOLDINGS, INC.,
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen H. Johnson
	 

	 	 	 	 
	 	 	Name: Stephen H. Johnson
	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	BELDEN TECHNOLOGIES, INC.,
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen H. Johnson
	 

	 	 	 	 
	 	 	Name: Stephen H. Johnson
	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	BELDEN 1993 INC. (formerly known as Belden Inc.),
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen H. Johnson
	 

	 	 	 	 
	 	 	Name: Stephen H. Johnson
	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	CDT INTERNATIONAL HOLDINGS INC.,
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen H. Johnson
	 

	 	 	 	 
	 	 	Name: Stephen H. Johnson
	 	 	Title: Treasurer

 

 

BELDEN INC.

SECOND AMENDMENT TO CREDIT AGREEMENT

	 	 	 	 	 
	ADMINISTRATIVE AGENT:	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Lender and as Administrative
Agent on behalf of the Required Lenders
	 	 	 
	 	By:  	                            /s/ David K. Hall
 	 
	 	 	Name:  	David K. Hall 	 
	 	 	Title:  	Directorexv4w5

 

Exhibit 4.5

GTx, INC.

CONSENT, WAIVER AND AMENDMENT

     This Consent, Waiver and Amendment (the “Agreement”) is entered into as of November
29, 2007, by and among GTx, Inc., a Delaware corporation (the “Company”), and the
undersigned Holders.

RECITALS

     Whereas, on August 7, 2003, the Company and Oracle Partners, L.P. entered into that
certain Amended and Restated Registration Rights Agreement (the “Oracle Rights Agreement”).

     Whereas, the undersigned Holders acknowledge that the Company has agreed to issue and
sell 1,285,347 shares (as adjusted for any stock splits, subdivisions, combinations or other
similar recapitalizations) of the Company’s common stock (the “Shares”) to Merck & Co., Inc.
(“Merck”) pursuant to that certain Stock Purchase Agreement, dated as of November 5, 2007, by and
between the Company and Merck (the “Merck Purchase Agreement”).

     Whereas, pursuant to the terms of the Merck Purchase Agreement, the Company has
agreed to enter into a Registration Rights Agreement with Merck in substantially the form attached
hereto as Exhibit A (the “Merck Rights Agreement”) pursuant to which the Company will be obligated
to prepare and file a registration statement (the “Resale Registration Statement”) under the
Securities Act of 1933, as amended (the “Securities Act”), registering the resale of the Shares
from time to time by Merck (or any subsequent transferees or assignees of Merck). As used in this
Agreement, the term “Resale Registration Statement” also includes (i) any registration statements
filed by the Company under the Securities Act in connection with the transactions contemplated by
the Stock Purchase Agreement and the Merck Rights Agreement and (ii) any amendments or supplements
to any of such registration statements.

     Whereas, the Company also contemplates filing a registration statement on Form S-3
under the Securities Act (the “Shelf Registration Statement”) registering the offer and sale by the
Company of shares of the Company’s common stock and preferred stock, various series of debt
securities and/or warrants to purchase any of such securities, either individually or in units, in
an aggregate dollar amount of up to $100,000,000. As used in this Agreement, the term “Shelf
Registration Statement” also includes (i) any amendments or supplements to the Shelf Registration
Statement and (ii) any related registration statement filed pursuant to Rule 462(b) under the
Securities Act.

     Whereas, (i) pursuant to Section 8(d) of the Oracle Rights Agreement, the Holders
have under certain circumstances the right to be notified if the Company shall determine to prepare
and file a registration statement under the Securities Act and to include in such registration
statement certain Registrable Securities held by such Holders (the “Piggyback Registration Rights”)
and (ii) pursuant to Section 8(b) of the Oracle Rights Agreement, the prior written consent of the
Holders may be required prior to the Company entering into the Merck Rights Agreement.

     Whereas, pursuant to Sections 8(d) and 8(g) of the Oracle Rights Agreement, the
Company and the undersigned Holders (for and on behalf of all Holders) wish to amend the Oracle
Rights Agreement as set forth below, and the undersigned Holders wish to (i) give their express
written consent to the entering into of the Merck Rights Agreement by the Company and (ii) waive
the Piggyback Registration Rights in

1

 

connection with the filings of the Resale Registration Statement and the Shelf Registration
Statement and any offerings made pursuant thereto.

     Now, Therefore, in consideration of the mutual agreements, covenants and
considerations contained herein, the Company and the undersigned Holders agree as follows:

AGREEMENT

     1. Acknowledgement. The Company and each of the undersigned Holders agree and
acknowledge that the sole Holders under the Oracle Rights Agreement as of the date hereof are
Oracle Partners, L.P., Oracle Investment Management, Inc. and Oracle Institutional Partners, L.P.

     2. Consent. Each of the undersigned Holders hereby provides, for itself and on
behalf of all other Holders, its express written consent to the entering into by the Company of the
Merck Rights Agreement and to the consummation by the Company of the transactions contemplated
thereby, including but not limited to the grant of registration rights to Merck and the filing of
the Resale Registration Statement. The foregoing consent is irrevocable and shall be effective with
respect to each Holder, as well as all affiliates, successors and assigns of each Holder.

     3. Waiver. Each of the undersigned Holders hereby waives, for itself and on behalf
of all other Holders, (i) any and all Piggyback Registration Rights in connection with the filing
of, and any offerings made pursuant to, each of the Resale Registration Statement and the Shelf
Registration Statement and (ii) any rights to any notices with respect to the foregoing under the
Oracle Rights Agreement. The foregoing waiver is irrevocable and shall be effective with respect to
each Holder, as well as all affiliates, successors and assigns of each Holder.

     4. Amendments. 

          4.1 Section 1 of the Oracle Rights Agreement is hereby amended to amend the definition of
“Holder” or “Holders” thereunder to read in full as follows:

“Holder” or “Holders” means the holder or holders, as the case may be, from time to
time of Registrable Securities, provided that each such holder is either a party to
this Agreement or an assignee or transferee of record of such Registrable Securities
in accordance with Section 8(j) hereof.”

          4.2 Section 1 of the Oracle Rights Agreement is hereby amended to amend the definition of
“Registrable Securities” thereunder to read in full as follows:

“Registrable Securities” means (i) the shares of Common Stock now or at any
time hereafter issuable upon conversion of the Purchaser Stock and (ii) any other
securities which may hereafter become receivable by the Holders upon conversion of
the Purchaser Stock, including any dividend or other distribution with respect to,
conversion or exchange of, or in replacement of, Registrable Securities.
Notwithstanding the foregoing, Registrable Securities shall not include any
securities that (1) have been sold, transferred or otherwise disposed of in a
transaction in which the transferor’s rights under this Agreement are not assigned
in accordance with Section 8(j) of this Agreement, (2) have been sold to the public
through a Registration Statement or pursuant to Rule 144, or (3) are held by a
Holder whose rights to cause the Company to register securities pursuant to this
Agreement have terminated in accordance with Section 8(s) of this Agreement.”

2

 

          4.3 Section 8(g) of the Oracle Rights Agreement is hereby amended and restated to read in full
as follows:

“(g) Amendments and Waivers. The provisions of this Agreement, including the
provisions of this sentence, may not be amended, modified or supplemented, and
waivers or consents to departures from the provisions hereof may not be given,
unless the same shall be in writing and signed by the Company and the Holders of a
majority of the then outstanding Registrable Securities.”

          4.4 Section 8(s) of the Oracle Rights Agreement is hereby amended and restated to read in full
as follows:

“(s) Termination. Upon the sale of all the Registrable Securities under a
registration statement or pursuant to Rule 144(k) (as determined by the counsel to
the Company pursuant to a written opinion letter, addressed to the Company’s
transfer agent) the registration obligations of the Company under this Agreement
shall automatically terminate. In addition, the rights to cause the Company to
register Registrable Securities under of this Agreement (and to receive notices
hereunder) shall terminate with respect to each Holder at such time when all of such
Holder’s Registrable Securities may be sold pursuant to Rule 144(k) (as determined
by the counsel to the Company pursuant to a written opinion letter, addressed to the
Company’s transfer agent).”

     5. Miscellaneous.

          5.1 Defined Terms. Capitalized terms not otherwise defined herein shall have the meanings
ascribed to them in the Oracle Rights Agreement.

          5.2 Full Power and Authority. Each of the undersigned Holders represents and warrants to the
Company that (i) the undersigned Holder has the full right, power and authority to execute and
deliver this Agreement, and (ii) this Agreement has been duly executed and delivered by the
undersigned Holder and constitutes the legal, valid and binding obligation of the undersigned
enforceable in accordance with its terms, except (A) as such enforcement is limited by bankruptcy,
insolvency or other similar laws affecting the enforcement of creditors’ rights generally and (B)
for limitations imposed by general principles of equity.

          5.3 Effect of Agreement. Except as modified by the terms of this Agreement, the terms and
provisions of the Oracle Rights Agreement shall remain in full force and effect. Other than as
stated in this Agreement, this Agreement shall not operate as a waiver of any condition or
obligation imposed on the parties under the Oracle Rights Agreement. In the event of any conflict,
inconsistency, or incongruity between any provision of this Agreement and any provision of the
Oracle Rights Agreement, the provisions of this Agreement shall govern and control.

          5.4 Governing Law. This Agreement shall be governed in all respects by the laws of the State
of New York as such laws are applied to agreements between New York residents entered into and to
be performed entirely within New York.

          5.5 Successors and Assigns. The provisions hereof shall inure to the benefit of, and be
binding upon, the successors and assigns of the parties hereto.

3

 

          5.6 Counterparts. This Agreement may be executed in several counterparts, each of which shall
constitute an original and all of which, when taken together, shall constitute one instrument.

          5.7 Certain Confidential Information. Certain of the information contained in this Agreement
is confidential and has not been publicly disclosed by the Company, including the contemplated
filing of the Shelf Registration Statement (the “Confidential Information”). Accordingly, each of
the undersigned Holders agrees to maintain the Confidential Information in confidence until such
time as the Confidential Information has been publicly disclosed by the Company.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

4

 

     In Witness Whereof, the undersigned have executed this Consent, Waiver and
Amendment effective as of the date first above written.

	 	 	 	 	 	 	 	 	 	 	 
	GTx, Inc.	 	 	 	Oracle Partners, L.P.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Henry P. Doggrell
 

	 	 	 	By:
	 	/s/ Joel Liffmann
 

	 	 
	 

	 	Henry P. Doggrell
	 	 	 	Name:
	 	Joel Liffmann	 	 
	 

	 	Vice President, General Counsel

and Secretary
	 	 	 	Title:
	 	Authorized Agent	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Oracle Investment Management, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:

Name:
	 	/s/ Joel Liffmann
 

Joel Liffmann
	 	 
	 

	 	 	 	 	 	Title:
	 	Authorized Agent	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Oracle Institutional Partners, L.P.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:

Name:
	 	/s/ Joel Liffmann
 

Joel Liffmann
	 	 
	 

	 	 	 	 	 	Title:
	 	Authorized Agent	 	 

SIGNATURE PAGE TO

CONSENT, WAIVER AND AMENDMENT

 

 

EXHIBIT A

MERCK RIGHTS AGREEMENT

EXHIBIT A

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}]]