Amendments to Section 3. 11. Clause (b) contained in Section 3.11 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Amendments to Section 3. 1(d). The reference to “56% of the then outstanding shares of Preferred Stock” in Section 3.1(d) is hereby deleted in is entirety, and the following inserted in lieu thereof: “a majority of the then outstanding shares of Preferred Stock, including at least one of the Requisite Holders for so long as at least one of the Requisite Holders holds a majority of the shares of Series A-2 Preferred Stock purchased by such Requisite Holder from the Company prior to the Milestone Closing (subject to appropriate adjustment for any stock splits, stock dividends, combinations, recapitalizations and the like),”.
Amendments to Section 3. The provisions of Section 3.7(a) of the ----------------------- Loan Agreement are hereby amended by adding the following at the end thereof: , or if the interest is then accruing at the rate set forth in (S)2.3(a) hereof, at a rate per annum equal to the aggregate of the Base Rate plus six percent (6%) per annum.
Amendments to Section 3. Section 3(a) of the OpNext R&D Agreement is hereby amended by deleting it in its entirety and replacing it with the following clause 3(a):