SEC Contract Filing

Filing Date: 2017-03-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a03-20x2017exhibit101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="s1f25ca699f8848298dcbdb0e1111d80f"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDMENT NO. 1</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TO FINANCING AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDMENT NO. 1 TO FINANCING AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">, dated as of March 14, 2017 (this "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:12pt;">"), to the Financing Agreement, dated as of February 26, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Financing Agreement</font><font style="font-family:inherit;font-size:12pt;">"), by and among Avid Technology, Inc., a Delaware corporation (the "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Parent</font><font style="font-family:inherit;font-size:12pt;">" or the "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:12pt;">"), each subsidiary of the Parent listed as a "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Guarantor</font><font style="font-family:inherit;font-size:12pt;">" on the signature pages thereto (together with each other Person that executes a joinder agreement and becomes a "Guarantor" thereunder or otherwise guaranties all or any part of the Obligations (as defined therein), each a "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Guarantor</font><font style="font-family:inherit;font-size:12pt;">" and, collectively, the "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Guarantors</font><font style="font-family:inherit;font-size:12pt;">"), the lenders from time to time party thereto (each a "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Lender</font><font style="font-family:inherit;font-size:12pt;">" and, collectively, the&#160;"</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Lenders</font><font style="font-family:inherit;font-size:12pt;">"), Cerberus Business Finance, LLC, a Delaware limited liability company ("</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">CBF</font><font style="font-family:inherit;font-size:12pt;">"), as collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the&#160;"</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Collateral Agent</font><font style="font-family:inherit;font-size:12pt;">"), and CBF, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the&#160;"</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:12pt;">" and together with the Collateral Agent, each an "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agent</font><font style="font-family:inherit;font-size:12pt;">" and collectively, the "</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agents</font><font style="font-family:inherit;font-size:12pt;">").</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, the Loan Parties have requested that the Agents and the Lenders amend certain terms and conditions of the Financing Agreement; and </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, the Agents and the Lenders are willing to amend such terms and conditions of the Financing Agreement on the terms and conditions set forth herein.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW THEREFORE</font><font style="font-family:inherit;font-size:12pt;">, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:</font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:48px;"><font styl