EXHIBIT 10.6
FOURTH AMENDMENT TO CREDIT AGREEMENT
This Amendment, dated as of February 26, 2003, is made by and
among ENTEGRIS, INC., a Minnesota corporation (the "Borrower"), each of the
banks appearing on the signature pages hereof, together with such other banks as
may from time to time become a party to the Credit Agreement (defined below)
pursuant to the terms and conditions of Article VIII of the Credit Agreement
(herein collectively called the "Banks" and individually each called a "Bank"),
and XXXXX FARGO BANK, NATIONAL ASSOCIATION, a national banking association,
assignee of Xxxxx Fargo Bank Minnesota, National Association, formerly known as
Norwest Bank Minnesota, National Association, in its separate capacity as
administrative agent for itself and all other Banks (in such capacity, the
"Agent").
Recitals
A. The Borrower, the Banks and the Agent have entered into
a Credit Agreement dated as of November 30, 1999, as amended by a First
Amendment to Credit Agreement dated as of October 17, 2000, a Second Amendment
to Credit Agreement dated as of March 1, 2002 and a Consent and Amendment
Agreement dated as of February 7, 2003 (as so amended, the "Credit Agreement").
B. The Borrower has requested that the Banks and the Agent,
among other things (i) increase the Revolving Commitment Amount, (ii) extend the
maturity of the credit facility provided under the Credit Agreement, and (iii)
amend certain other provisions of the Credit Agreement.
C. The Banks and the Agent are willing to grant the
Borrower's requests subject to the terms and conditions set forth below.
ACCORDINGLY, in consideration of the premises and for other good
and valuable consideration, the Borrower, the Banks and the Agent agree as
follows:
1. All capitalized terms used in this Amendment and not
otherwise specifically defined in this Amendment shall have the meanings given
such terms in the Credit Agreement.
2. Section 1.1 of the Credit Agreement is hereby amended by
amending or adding, as applicable, the following definitions to read in their
entirety as follows:
'"Acquisition' means the acquisition by the Borrower and
Entegris Cayman of certain assets of Asyst pursuant to the Acquisition
Documents."
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'"Acquisition Documents' means (a) the Asset Purchase Agreement
dated as of February 11, 2003 among Asyst, the Borrower and Entegris
Cayman, (b) the Patent Assignment and Cross-License and Trademark
License Agreement dated as of February 11, 2003 between Asyst and the
Borrower, (c) the Transition Services Agreement dated as of February 11,
2003 among Asyst, the Borrower and Entegris Cayman, (d) the Escrow
Agreement dated as of February 11, 2003 among Asyst, the Borrower,
Entegris Cayman and Xxxxx Fargo Bank, National Association in its
capacity as escrow agent thereunder, and (e) separate Employment
Agreements of Xxxx Xxxxx and Xxxx Xxxxxxxxx dated as of February 11,
2003, including, in each case, all exhibits, schedules and other
attachments thereto."
'"Asyst' means Asyst Technologies, Inc., a California
corporation."
'"Base Rate' means the Prime Rate."
'"Capital Expenditure' means any expenditure of money for the
purchase or construction of fixed assets or for the purchase or
construction of any other assets, or for improvements or additions
thereto, which are capitalized on the Borrower's balance sheet, whether
payable currently or in the future, excluding, however, any expenditure
of cash in connection with an acquisition of stock or assets of another
Person permitted under Section 6.4 of this Agreement."
'"Cash Taxes' means, with respect to the applicable Covenant
Computation Period, the Tax Expense for such Covenant Computation
Period, plus (minus) any increase (decrease) in deferred tax assets
during such Covenant Computation Period and minus (plus) any increase
(decrease) in deferred tax liabilities during such Covenant Computation
Period."
'"Consent' means the Consent and Amendment Agreement dated as of
February 7, 2003 among the Borrower, the Agent and the Banks."
'"Domestic Cash' means the cash and cash equivalents owned by
the Borrower and/or the Borrower's Domestic Subsidiaries."
'"Domestic Subsidiary' means a Subsidiary organized under the
laws of one of the States of the United States."
'"Domestic Tangible Net Worth' means the sum (without
duplication) of the Tangible Net Worth of (i) the Borrower, (ii) the
Borrower's Domestic Subsidiaries, and (iii) the Guarantors, determined
on a consolidated basis in accordance with GAAP; provided, however,
that, for purposes of calculating Domestic Tangible Net Worth (a)
Domestic Tangible Net Worth shall not include the Tangible Net Worth (or
any portion thereof) of or attributable to a Foreign Subsidiary which is
not also a Guarantor, (b) neither an investment of the Borrower, any
Domestic Subsidiary or any
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Guarantor in or to any Foreign Subsidiary nor any receivables due to the
Borrower, any Domestic Subsidiary or any Guarantor from any Foreign
Subsidiary shall be included in any determination of Domestic Tangible
Net Worth, (c) the Tangible Net Worth of any Foreign Subsidiary which is
also a Guarantor shall be limited to an amount agreed to by the Agent,
the Banks and the Borrower upon such Foreign Subsidiary's becoming a
Guarantor and, if not so agreed, such amount shall at all times be zero,
and (d) the Specified Foreign Trade Receivables shall be included as
tangible assets of the Borrower)."
'"Entegris Cayman' means Entegris Cayman Ltd., a Cayman Island
corporation and wholly-owned Subsidiary of the Borrower."
'"Entegris Custom Products' means Entegris Custom Products,
Inc., a Minnesota corporation."
'"Financial Covenants' means the covenants contained in Sections
5.8 through 5.13."
"'Fixed Charge Coverage Ratio' means, with respect to the
applicable Covenant Computation Period, the ratio of (a) EBITDA, plus
Rent Expense, less Capital Expenditures, less Cash Taxes (whether or not
included in the calculation of EBITDA), less Permitted Restricted
Payments, to (b) Interest Expense, plus Rent Expense, plus current
maturities of Long Term Debt."
'"Foreign Subsidiary' means a Subsidiary other than a Domestic
Subsidiary."
'"Fourth Amendment' means the Fourth Amendment to Credit
Agreement dated as of February 26, 2003 among the Borrower, the Banks
and the Agent."
'"Guarantor' means NT International, Entegris Custom Products
and each other Subsidiary of the Borrower that executes and delivers a
Guaranty in favor of the Agent and the Banks and (a) "Guarantors" means
all of them, and (b) "either of the Guarantors" (or similarly
constructed phrases) means "any of the Guarantors"."
'"Guaranty' means a Guaranty of a Guarantor in favor of the
Agent and the Banks, in form and substance satisfactory to the Agent,
guaranteeing the Obligations, as the same may be amended, supplemented
or restated from time to time, and "Guaranties" means all of them."
'"Intercompany Loan' means a loan by the Borrower to one or more
of its Subsidiaries or a loan by one or more of the Borrower's
Subsidiaries to the Borrower."
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'"Maturity Date' means February 27, 2004 with respect to the
Revolving Facility."
'"NT International' means NT International, Inc., a Minnesota
corporation."
'"Percentage' means, as to any Bank, the percentage set forth
opposite such Bank's signature on the execution pages of the Fourth
Amendment, or below such Bank's signature on any Assignment Certificate
executed by such Bank, representing the ratio of such Bank's Revolving
Commitment to the Revolving Commitment Amount."
'"Prime Rate' means the rate of interest publicly announced from
time to time by the Agent as its "prime" or "base" rate or, if the Agent
ceases to announce a rate so designated, any similar successor rate
designated by the Required Banks."
'"Prior Guarantors' means Empak and Fluoroware."
'"Prior Guarantor Obligations' means all obligations of Empak
and/or Fluoroware to the Agent or the Banks under or in connection with
the Credit Agreement, their respective Guaranties or the other Loan
Documents as the same existed immediately prior to their merger with and
into the Borrower, including, without limitation all obligations of
Fluoroware with respect to the IDRB Financing, IDRB Letter of Credit and
IDRB Letter of Credit Reimbursement Agreement."
'"Required Net Worth Amount' [deleted]."
"'Revolving Commitment' means, with respect to each Bank, the
amount of the Revolving Commitment set forth opposite such Bank's name
on the execution pages of the Fourth Amendment, or below such Bank's
signature on an Assignment Certificate executed by such Bank, unless
such amount is reduced pursuant to Section 2.14(a) hereof, in which
event it means the amount to which said amount is reduced pursuant
thereto, or as the context may require, the obligation of such Bank to
make Revolving Advances, as contemplated in Section 2.1."
"'Revolving Commitment Amount' shall mean Forty Million Dollars
($40,000,000), being the maximum amount of the Revolving Commitments of
all Banks, in the aggregate, to make Revolving Advances to the Borrower
pursuant to Section 2.1, subject to reduction in accordance with Section
2.14(a)."
"'Revolving Commitment Period' means a 364-day period commencing
on February 28, 2003 and ending on the Maturity Date, unless the
Revolving Commitments are earlier terminated pursuant to Section 7.2 or
are earlier reduced to zero pursuant to Section 2.14(a)."
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"'Revolving Note' means a promissory note of the Borrower
payable to a Bank in the amount of such Bank's Revolving Commitment, in
substantially the form of Exhibit A (as such promissory note may be
amended, extended or otherwise modified from time to time), evidencing
the aggregate indebtedness of the Borrower to such Bank resulting from
such Bank's Percentage of each Borrowing under the Revolving Facility,
and also means each promissory note accepted by such Bank from time to
time in substitution therefor or in renewal thereof."
'"Specified Affiliates' means OregonLabs LLC, a Minnesota
limited liability company, Metron Technology, SV, a Netherlands
corporation, Xiangfan Huaguang Atcor Technolgy, LLC, a Chinese limited
liability company and Entegris Precision Technology, Ltd., a Taiwan
corporation."
'"Specified Receivables' means receivables due to the Borrower
from a Specified Affiliate on and as of the date of the Fourth
Amendment, but shall in no event include any receivable generated or due
on or after the date of the Fourth Amendment."
'"Specified Investments' means investments by the Borrower in a
Specified Affiliate on and as of the date of the Fourth Amendment, but
shall in no event include any investment of the Borrower in or to such
Specified Affiliate made on or after the date of the Fourth Amendment."
'"Specified Foreign Trade Receivables' means the aggregate
amount of all trade receivables due to the Borrower from any one or more
of its Foreign Subsidiaries."
"'Tangible Net Worth' of a Person means, as of the applicable
Covenant Computation Date, the difference between (a) the tangible
assets of such Person, calculated in accordance with GAAP, after
deducting adequate reserves in each case where, in accordance with GAAP,
a reserve is proper and (b) all Debt of such Person; provided, that in
no event shall there be included as tangible assets: patents,
trademarks, tradenames, copyrights, licenses, goodwill, receivables due
from or investments in Affiliates of such Person (but Specified
Receivables and Specified Investments shall be included as tangible
assets of the Borrower), prepaid expenses, deposits, deferred charges or
treasury stock or any securities or Debt of such Person, or any other
securities unless such securities are readily marketable on a public
exchange in the United States of America or are entitled to be used as a
credit against federal income tax liabilities, and any other assets
designated from time to time by the Agent, in its reasonable discretion,
as intangible assets."
'"Tax Expense' means, with respect to any Person with respect
to the applicable Covenant Computation Period, federal, state, local and
foreign income tax expense recognized by such Person with respect to
such Covenant Computation Period, as determined in accordance with
GAAP."
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"'Unused Commitment Fee Percentage' means, as of the date of
determination, the percentage set forth in the table below opposite the
applicable range of the ratio of Total Funded Debt to EBITDA of the
Borrower and its Subsidiaries as of such date of determination;
provided, however, notwithstanding the foregoing, the Unused Commitment
Fee Percentage shall be 0.200% so long as the Borrower is in compliance
with the requirements of Section 5.12 hereof. Reductions and increases
in the Unused Commitment Fee Percentage will be verified by the Agent
upon receipt of the financial statements of the Borrower and its
Subsidiaries and related compliance certificate as required under
Section 5.1(b) of this Agreement. The ratio will be determined on the
basis of a rolling four quarter calculation of the ratio of Total Funded
Debt to EBITDA as of the last day of the most recent quarter-end
reflected in the most recent financial statements delivered by the
Borrower for the Borrower and its Subsidiaries under Section 5.1(b). Any
reduction or increase in the Unused Commitment Fee Percentage will
become effective on the first day of the first month following the
applicable Quarterly Financial Statement Due Date. If the Borrower fails
to deliver the financial statements of the Borrower and its Subsidiaries
and/or related compliance certificate required under Section 5.1(b) on
or before the applicable Quarterly Financial Statement Due Date, the
Borrower and its Subsidiaries shall be deemed to have a ratio of Total
Funded Debt to EBITDA for such quarter of more than 2.00 to 1.00, and
the Unused Commitment Fee Percentage will be 0.350% beginning on the
first day of the first month following such Quarterly Financial
Statement Due Date and will continue as such until the Borrower delivers
the financial statements of the Borrower and its Subsidiaries for the
next fiscal quarter in accordance with Section 5.1(b).
Ratio of Total Funded Unused Commitment Fee
Debt to EBITDA Percentage
-------------------------------------------------------------------
* 2.00/1.00 0.350%
-------------------------------------------------------------------
* 1.50/1.00 to 2.00/1.00 0.300%
-------------------------------------------------------------------
1.00/1.00 to 1.50/1.00 0.250%
-------------------------------------------------------------------
** 1.00/1.00 0.200%
-------------------------------------------------------------------
* - less than
** - greater than
3. Addition of Section 1.2 to the Credit Agreement. Section
1.2 is hereby added to the Credit Agreement as follows:
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"Section 1.2 References to Empak, Fluoroware and Related
References. The parties hereto acknowledge and agree that both Empak and
Fluoroware have been merged with and into the Borrower as contemplated
by the Second Amendment and that all Prior Guarantor Obligations have
been assumed by the Borrower as a result of such merger. As a
consequence of the foregoing, all Prior Guarantor Obligations shall be
deemed to be obligations of the Borrower and all references in the
Credit Agreement or any other Loan Document to "Empak" or "Fluoroware"
or related terms shall be construed consistently with this Section 1.2
and shall not be given independent or additional effect."
4. Addition of Section 1.3 to the Credit Agreement. Section
1.3 is hereby added to the Credit Agreement as follows:
"Section 1.2 References to Guarantors and Guaranties. Certain
Subsidiaries of the Borrower have agreed to guarantee the obligations of
the Borrower under and with respect to the Credit Agreement and the
other Loan Documents. All references in the Credit Agreement or the
other Loan Documents to "Guarantors", "Guaranties" or like defined terms
shall be deemed to refer to the Guarantors and Guaranties as each such
term is defined in the Credit Agreement as amended, modified or
otherwise supplemented to date; provided, however, that the foregoing
shall not limit the Borrower's responsibility for or assumption of the
Prior Guarantor Obligations."
5. Amendment of Section 2.13 of the Credit Agreement.
Section 2.13 of the Credit Agreement is hereby amended in its entirety to read
as follows:
"Section 2.13 Use of Proceeds. The Proceeds of each Borrowing
shall be used by the Borrower for its general corporate purposes and may
from time to time be loaned to its Subsidiaries for their working
capital and general corporate purposes."
6. Amendment to Section 3.2 of the Credit Agreement.
Section 3.2 of the Credit Agreement is hereby amended in its entirety to read as
follows:
"Section 3.2 Conditions Precedent to All Borrowings. The
obligation of the Banks to fund each request for a Borrowing or to issue
each Letter of Credit shall be subject to the further conditions
precedent that on such date:
(a) the representations and warranties contained in
Article IV hereof are correct in all material respects on and as
of the date of such Advance as though made on and as of such
date; and
(b) no event has occurred and is continuing, or
would result from such Advance, which constitutes a Default or
an Event of Default."
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7. Amendment to Section 4.15 to the Credit Agreement.
Section 4.15 of the Credit Agreement is hereby amended in its entirety to read
as follows:
"Section 4.15 Acquisition. The Borrower and Entegris Cayman have
completed the Acquisition in compliance with all material terms of the
Acquisition Documents. The Borrower and/or Entegris Cayman have the
title specified in the Acquisition Documents to all assets the subject
of the Acquisition and such assets are free and clear of all mortgages,
security interests, liens and encumbrances, except those specifically
contemplated by the Acquisition Documents."
8. Amendment to Section 5.1(a) of the Credit Agreement.
Section 5.1(a) of the Credit Agreement is hereby amended by deleting the text
"Exhibit B to the Second Amendment" therein and inserting the text "Exhibit E"
in its place.
9. Amendments to Section 5.1(b) of the Credit Agreement.
The following amendments are hereby made to Section 5.1(b) of the Credit
Agreement.
(a) The text "Exhibit C to the Second Amendment" is
hereby deleted and the text "Exhibit F" is hereby inserted in
its place.
(b) The text "in Sections 5.8 through 5.10" at the
end of such Section is hereby deleted and the text "the
Financial Covenants" is hereby inserted in its place.
10. Amendment to Section 5.8 of the Credit Agreement.
Section 5.8 of the Credit Agreement is hereby amended to read in its entirety as
follows:
"Section 5.8 Fixed Charge Coverage Ratio. As of each Covenant
Computation Date, the Borrower and its Subsidiaries, on a consolidated
basis, will maintain a Fixed Charge Coverage Ratio of not less than 1.10
to 1.00."
11. Amendment to Section 5.9 of the Credit Agreement.
Section 5.9 of the Credit Agreement is hereby amended to read in its entirety as
follows:
"Section 5.9 Leverage Ratio. As of each Covenant Computation
Date, the Borrower and its Subsidiaries, on a consolidated basis, will
maintain a Leverage Ratio of not more than 2.25 to 1.00."
12. Amendment to Section 5.10 of the Credit Agreement.
Section 5.10 of the Credit Agreement is hereby amended to read in its entirety
as follows:
"Section 5.10 Minimum Tangible Net Worth. As of each Covenant
Computation Date occurring on or after February 28, 2003, the Borrower
and its Subsidiaries, on a consolidated basis, will maintain a Tangible
Net Worth of not less than the sum of $201,000,000 plus (a) fifty
percent (50%) of the Net Income (unless
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such amount is negative, in which case it shall be ignored for purposes
of this Section) realized by the Borrower and its Subsidiaries, on a
consolidated basis, for each Covenant Computation Period commencing on
or after December 1, 2002, and (b) fifty percent (50%) of the net cash
proceeds received by the Borrower and/or its Subsidiaries from any
equity offering made by the Borrower and/or its Subsidiaries at any time
on or after December 1, 2002."
13. Amendment of Section 5.11 of the Credit Agreement.
Section 5.11 of the Credit Agreement is hereby amended in its entirety to read
as follows:
"Section 5.11 Minimum Domestic Tangible Net Worth. As of each
Covenant Computation Date occurring on or after February 28, 2003, the
Borrower, its Domestic Subsidiaries and the Guarantors, will maintain,
on a consolidated basis, a Domestic Tangible Net Worth of not less than
$125,000,000."
14. Amendment of Section 5.12 to the Credit Agreement.
Section 5.12 of the Credit Agreement is hereby amended in its entirety to read
as follows:
"Section 5.12 Minimum Cash and Cash Equivalents. The Borrower
and its Subsidiaries, on a consolidated basis, will at all times own and
maintain cash and cash equivalents in an aggregate amount of not less
than $75,000,000 and the Borrower will at all times cause not less than
$40,000,000 of such amount to be held and maintained as Domestic Cash."
15. Addition of Section 5.13 to the Credit Agreement.
Section 5.13 of the Credit Agreement is hereby added as follows:
"Section 5.13 Domestic Subsidiaries. The Borrower will cause
each of its Domestic Subsidiaries, as and when created or acquired, to
become a Guarantor and to, concurrent with such creation or acquisition,
execute and deliver a Guaranty to the Agent for the benefit of the
Banks."
16. Addition of Section 5.14 to the Credit Agreement.
Section 5.14 of the Credit Agreement is hereby added as follows:
"Section 5.14 Opinion of Counsel to Asyst. The Borrower will use
commercially reasonable efforts to cause counsel to Asyst in connection
with the Acquisition to provide a reliance letter to the Agent and the
Banks permitting the Agent and the Banks to rely on such counsel's
opinion letter delivered in connection with the Acquisition within 30
days of the date of the Fourth Amendment."
17. Amendment of Section 6.1 of the Credit Agreement. Clause
(a) of Section 6.1 of the Credit Agreement is hereby amended in its entirety to
read as follows:
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"(a) mortgages, deeds of trust, pledges, liens, security
interests and assignments in existence on the effective date of the
Fourth Amendment and listed in Schedule 6.1 (including any subsequent
extension or renewal of such mortgages, deeds of trust, pledges, liens,
security interests and assignments to the extent (i) the related
extension or renewal of the Debt secured thereby is otherwise permitted
under this Agreement, (ii) the principal amount secured thereby is not
increased above the amount outstanding immediately prior to such
extension or renewal, and (iii) the property subject thereto is not
increased)."
18. Amendment of Section 6.2 of the Credit Agreement.
Clauses (e), (h) and (i) of Section 6.2 of the Credit Agreement are hereby
amended in their entirety to read and clause (j) is hereby added thereto as
follows:
(e) Subordinated Debt, or renewals thereof, provided
that (a) it is subordinated to the prior payment of all
indebtedness, reimbursement obligations and guaranties of the
Borrower and its Subsidiaries in favor of the Banks on terms and
conditions approved in writing by the Banks and (b) the
aggregate amount of Subordinated Debt at any one time
outstanding does not exceed $5,000,000 (all Subordinated Debt is
properly reflected in Schedule 6.2);
(h) Indebtedness for borrowed money in foreign
currencies in an aggregate principal amount not to exceed at any
time $30,000,000 (all Indebtedness for borrowed money in foreign
currencies is properly reflected in Schedule 6.2);
(i) Indebtedness for borrowed money not permitted by
any other subsection of this Section 6.2 in an aggregate
principal amount not to exceed at any time $10,000,000; and
(j) Indebtedness arising from Intercompany Loans.
19. Amendment of Section 6.3 of the Credit Agreement. Clause
(c) of Section 6.3 of the Credit Agreement is hereby amended in its entirety to
read as follows:
"(c) guaranties, endorsements and other direct or contingent
liabilities in connection with the obligations of other Persons listed
in Schedule 6.3, together with any extension, renewal or replacement
thereof (so long as such indebtedness is not increased above the amount
outstanding immediately prior to giving effect to any such extension,
renewal or replacement);"
20. Amendment of Section 6.4 of the Credit Agreement.
Section 6.4 of the Credit Agreement is hereby amended in its entirety to read as
follows:
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'"Section 6.4 Investments. The Borrower will not, and will not
permit any Subsidiary to, purchase or hold beneficially any stock or
other securities or evidences of indebtedness of, make or permit to
exist any loans or advances to, or create or acquire any Subsidiary or
make any investment or acquire any interest whatsoever in, any other
Person, except:
(a) investments (either directly or through mutual
funds) in direct obligations of the United States of America or
any agency or instrumentality thereof whose obligations
constitute the full faith and credit obligations of the United
States of America having a maturity of one year or less,
commercial paper issued by a U.S. corporation rated "A-1" or
"A-2" by Standard & Poors Rating Group or "P-1" or "P-2" by
Xxxxx'x Investors Service, certificates of deposit or bankers'
acceptances having a maturity of one year or less issued by
members of the Federal Reserve System having deposits in excess
of $100,000,000 (which certificates of deposit or bankers'
acceptances are fully insured by the Federal Deposit Insurance
Corporation) and such other investments as the Borrower shall
request and the Banks shall approve in writing;
(b) any investment by the Borrower or any of its
Subsidiaries in the stock of any Subsidiary or in the stock of
any Affiliate set forth on Schedule 4.4;
(c) Intercompany Loans;
(d) loans to officers and employees of the Borrower
or officers and employees of any of its Subsidiaries not
exceeding at any one time an aggregate of $500,000;
(e) travel advances to officers and employees of the
Borrower or officers and employees any of its Subsidiaries or
any other similar advances in the ordinary course of business;
(f) advances in the form of progress payments,
prepaid rent or security deposits or any other similar advances
in the ordinary course of business;
(g) the acquisition of the stock or assets of
another Person so long as, prior to each such acquisition, the
Borrower has submitted to the Agent financial projections,
certificates and other documentation which establish that, after
giving effect to such acquisition:
(A) the Borrower and its Subsidiaries
will be in compliance with all
covenants and terms of this
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Agreement and the other Loan
Documents through the Maturity
Date;
(B) the acquired business of such
Person is in the same line of
business as an existing business
of the Borrower or its
Subsidiaries; and
(C) all consideration (whether in the
form of cash paid, indebtedness
assumed or otherwise) given by the
Borrower and its Subsidiaries for
acquisitions permitted under this
Section 6.4(g) shall not exceed an
aggregate amount of $25,000,000
during the fiscal year in which
such acquisition occurs (provided,
however, that the Acquisition
shall not be counted for purposes
of determining compliance with the
$25,000,000 limitation set forth
in this Section 6.4(g)(C)); and
(h) the Acquisition."
21. Amendment of Section 6.6 of the Credit Agreement.
Clauses (b) and (c) of Section 6.6 of the Credit Agreement are hereby amended in
their entirety to read and clause (d) is hereby added as follows:
(b) sales, leases and assignments by the Borrower or
any of its Subsidiaries of its properties in the ordinary course
of its business;
(c) sales or leases by the Borrower or any of its
Subsidiaries of its surplus, obsolete or worn-out properties; or
(d) Intercompany Loans."
22. Amendment of Section 6.8 of the Credit Agreement.
Section 6.8 of the Credit Agreement is hereby amended to delete the reference to
"Section 6.4(g)" at the end of such Section and to insert the text "Section 6.4"
in its place.
23. Amendment of Section 7.1 of the Credit Agreement.
Section 7.1 of the Credit Agreement is hereby amended by amending clauses (d)
and (n) thereof to read in their entirety as follows:
"(d) default in the performance, or breach, of any covenant or
agreement on the part of the Borrower contained in any Financial
Covenant or in Article VI; or"
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"(n) any Guarantor shall repudiate, purport to revoke or fail to
perform any of such Guarantor's obligations under its Guaranty or any
other Loan Document to which it is a party; or"
24. Revised Schedules. The following Schedules and/or
Exhibits to the Credit Agreement (whether originally attached to the Credit
Agreement or subsequently becoming part of the Credit Agreement by amendment)
are hereby replaced in their entirety as follows:
(a) Exhibit A to the Second Amendment (originally given in
replacement of Exhibit A to the Credit Agreement) is hereby replaced by
Exhibit A to the Fourth Amendment, with the effect that Exhibit A to the
Fourth Amendment shall hereafter constitute Exhibit A for all purposes
of the Credit Agreement.
(b) Exhibit B to the Second Amendment (originally given in
replacement of Exhibit E to the Credit Agreement) is hereby replaced by
Exhibit B to the Fourth Amendment, with the effect that Exhibit B to the
Fourth Amendment shall hereafter constitute Exhibit E for all purposes
of the Credit Agreement.
(c) Exhibit C to the Second Amendment (originally given in
replacement of Exhibit F to the Credit Agreement) is hereby replaced by
Exhibit C to the Fourth Amendment, with the effect that Exhibit C to the
Fourth Amendment shall hereafter constitute Exhibit F for all purposes
of the Credit Agreement.
(d) Schedule 4.4 to the Second Amendment (originally given
in replacement of Schedule 4.4 to the Credit Agreement) is hereby
replaced by Schedule 4.4 to the Fourth Amendment, with the effect that
Schedule 4.4 to the Fourth Amendment shall hereafter constitute Schedule
4.4 for all purposes of the Credit Agreement.
(e) Schedule 6.1 to the Second Amendment (originally given
in replacement of Schedule 6.1 to the Credit Agreement) is hereby
replaced by Schedule 6.1 to the Fourth Amendment, with the effect that
Schedule 6.1 to the Fourth Amendment shall hereafter constitute Schedule
6.1 for all purposes of the Credit Agreement.
(f) Schedule 6.2 to the Second Amendment (originally given
in replacement of Schedule 6.2 to the Credit Agreement) is hereby
replaced by Schedule 6.2 to the Fourth Amendment, with the effect that
Schedule 6.2 to the Fourth Amendment shall hereafter constitute Schedule
6.2 for all purposes of the Credit Agreement.
(g) Schedule 6.3 to the Second Amendment (originally given
in replacement of Schedule
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6.3 to the Credit Agreement) is hereby replaced by Schedule 6.3 to the
Fourth Amendment, with the effect that Schedule 6.3 to the Fourth
Amendment shall hereafter constitute Schedule 6.3 for all purposes of
the Credit Agreement.
25. Amendment Fee. In consideration of the Banks'
entering into this Amendment, the Borrower shall pay to the Agent, for the
ratable benefit of the Banks in accordance with their Percentages, a facility
increase fee of 0.125% of the increase in the Revolving Commitment Amount
effected by this Amendment. Such fee shall be deemed fully earned by the Banks'
execution and delivery of this Amendment.
26. Conditions Precedent. This Amendment shall become
effective when the Agent shall have received the following, each in form and
content acceptable to the Agent in its sole discretion:
(a) This Amendment duly executed on behalf of the Borrower,
the Banks and the Agent;
(b) A Revolving Note duly executed on behalf of the Borrower
in favor of each Bank in the amount of such Bank's Revolving Commitment,
issued in substitution for and replacement of, but not payment of such
Bank's Revolving Note (as defined in the Second Amendment);
(c) Copies of the executed Acquisition Documents;
(d) A certified copy of the resolutions of the board of
directors of the Borrower evidencing approval of the Amendment and all
matters contemplated hereby;
(e) A signed copy of a certificate of the Secretary or an
Assistant Secretary of the Borrower, which shall certify (i) the names
of the officers of the Borrower authorized to sign the Amendment and the
documents to be executed by the Borrower in connection therewith,
together with the true signatures of such officers, (ii) the resolutions
described in (e) above, and (iii) that the Articles of Incorporation and
Bylaws of the Borrower certified to the Agent and the Banks in
connection with the Consent remain in full force and effect and have not
been amended or modified since such certification;
(f) A certificate of good standing of the Borrower, dated
not more than thirty (30) days prior to the date hereof;
(g) A certified copy of the resolutions of the sole
shareholder of NT International evidencing approval of its Guaranty and
all matters contemplated thereby;
- 14 -
(h) Copies of the Articles of Incorporation and Bylaws of NT
International certified by the Secretary or Assistant Secretary of the
Borrower, the sole shareholder of NT International, as being true and
correct copies thereof;
(i) A signed copy of a certificate of the Secretary or an
Assistant Secretary of the Borrower, the sole shareholder of NT
International, which shall certify the names of the officers of NT
International authorized to sign its Guaranty and the documents to be
executed by NT International in connection therewith, together with the
true signatures of such officers.
(j) A certificate of good standing of NT International,
dated not more than thirty (30) days prior to the date hereof;
(k) A certified copy of the resolutions of the sole
shareholder of Entegris Custom Products evidencing approval of its
Guaranty and all matters contemplated thereby;
(l) Copies of the Articles of Incorporation and Bylaws of
Entegris Custom Products certified by the Secretary or Assistant
Secretary of the Borrower, the sole shareholder of Entegris Custom
Products, as being true and correct copies thereof;
(m) A signed copy of a certificate of the Secretary or an
Assistant Secretary of the Borrower, the sole shareholder of Entegris
Custom Products, which shall certify the names of the officers of
Entegris Custom Products authorized to sign its Guaranty and the
documents to be executed by Entegris Custom Products in connection
therewith, together with the true signatures of such officers;
(n) A certificate of good standing of Entegris Custom
Products, dated not more than thirty (30) days prior to the date hereof;
(o) Current searches of appropriate filing offices showing
that no state or federal tax liens have been filed and remain in effect
against the Borrower, NT International or Entegris Custom Products and
that no financing statements or other notifications or filings have been
filed and remain in effect against the Borrower, NT International or
Entegris Custom Products other than those for which the Agent has
received an appropriate release, termination or satisfaction or those
permitted in accordance with Section 6.1 of the Credit Agreement;
(p) A signed copy of an opinion of counsel to the Borrower,
NT International and Entegris Custom Products, addressed to the Agent
and the Banks; and
(q) The Guaranties of NT International and Entegris Custom
Products, duly executed on behalf of such parties.
- 15 -
27. Reference to and Effect on the Credit Agreement and the
other Loan Documents. Except as otherwise amended by this Amendment, all of the
terms and conditions of the Credit Agreement and the other Loan Documents prior
to giving effect to this Amendment shall remain in full force and effect in
accordance with their terms.
28. Counterparts. This Amendment may be executed in any
number of counterparts, each of which shall be deemed to be an original and all
of which counterparts taken together shall constitute but one and the same
instrument.
29. Borrower Release. The Borrower hereby absolutely and
unconditionally releases and forever discharges the Agent and each of the Banks,
and any and all participants, parent corporations, subsidiary corporations,
affiliated corporations, insurers, indemnitors, successors and assigns thereof,
together with all of the present and former directors, officers, agents and
employees of any of the foregoing (the "Released Parties"), from any and all
claims, demands or causes of action of any kind, nature or description, whether
arising in law or equity or upon contract or tort or under any state or federal
law or otherwise, which the Borrower has had, now has or has made claim to have
against such Released Party for or by reason of any act, omission, matter, cause
or thing whatsoever arising from the beginning of time to and including the date
of this Amendment in connection with or related to the transactions evidenced by
the Loan Documents, whether such claims, demands and causes of action are mature
or unmatured or known or unknown.
30. No Waiver. The execution of this Amendment shall not be
deemed to be a waiver of any Default or Event of Default under the Credit
Agreement, whether or not known to the Agent and/or the Banks and whether or not
existing on the date of this Amendment.
31. Representations and Warranties of the Borrower. The
Borrower hereby represents and warrants to the Agent and the Banks as follows:
(a) The Borrower has all requisite power and authority to
execute this Amendment and the Revolving Notes and to perform all of its
obligations under the Credit Agreement, as amended by this Amendment,
and the Credit Agreement, as amended by this Amendment, this Amendment,
the Revolving Notes and the other Loan Documents executed on behalf of
the Borrower have been duly executed and delivered by the Borrower and
constitute the legal, valid and binding obligations of the Borrower,
enforceable in accordance with their respective terms.
(b) The execution, delivery and performance by the Borrower
of the Credit Agreement, as amended by this Amendment, the Amendment,
the Revolving Notes and the other Loan Documents executed on behalf of
the Borrower have been duly authorized by all necessary corporate action
and do not (i) require any authorization, consent or approval by any
governmental department, commission, board, bureau, agency or
instrumentality, domestic or foreign, (ii) violate any provision of any
law,
- 16 -
rule or regulation or of any order, writ, injunction or decree presently
in effect, having applicability to the Borrower, or the Articles of
Incorporation or Bylaws of the Borrower, or (iii) result in a breach of
or constitute a default under any indenture or loan or credit agreement
or any other agreement, lease or instrument to which the Borrower is a
party or by which it or its properties may be bound or affected.
(c) All of the representations and warranties contained in
Article IV of the Credit Agreement are correct on and as of the date
hereof as though made on and as of such date, except to the extent that
such representations and warranties relate solely to an earlier date.
32. References. All references in the Credit Agreement to
"this Agreement" shall be deemed to refer to the Credit Agreement as amended by
this Amendment; and any and all references in any of the other Loan Documents to
the "Credit Agreement" shall be deemed to refer to the Credit Agreement as
amended by this Amendment. All references to schedules or exhibits in the Credit
Agreement shall be deemed to include the amendments to such schedules and
exhibits effected hereby.
Signature Page Follows
- 17 -
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.
Address: ENTEGRIS, INC.
0000 Xxxxx Xxxxxxxxx
Xxxxxx, Xxxxxxxxx 00000
Attn: Xxxx Villas By /s/ Xxxxx X. Xxxxxxxxx
Telecopy No. (000) 000-0000 -------------------------------------
Its Chief Executive Officer
--------------------------------
And
By /s/ Xxxx Villas
-------------------------------------
Its Chief Financial Officer
--------------------------------
Address: XXXXX FARGO BANK, NATIONAL
0000 Xxxxxx Xxxxxx Xxxxx ASSOCIATION, , as a Bank and as Agent
MAC X0000-000
Xxxxxxxxxxx, Xxxxxxxxx 00000
Attn: Xxxxxxx X. Xxxxxxxx
Telecopy No. (000) 000-0000
Revolving Commitment: $20,000,000 By /s/ Xxxxxxx X. Xxxxxxxx
Percentage: 50% -------------------------------------
Its Vice President
--------------------------------
Address: XXXXXX TRUST AND SAVINGS BANK, as
000 Xxxx Xxxxxx Xxxx
X.X. Xxx 000
Xxxxxxx, Xxxxxxxx 00000
Attn: Xxxxxxx X. Xxxxxxx
Telecopy No. (000) 000-0000
Revolving Commitment: $20,000,000 By /s/ Xxxxxxx X. Xxxxxxx
Percentage: 50% -------------------------------------
Its Vice President
--------------------------------
- 18 -
Signature Page to Fourth Amendment to Credit Agreement
EXHIBIT A TO
FOURTH AMENDMENT
REVOLVING NOTE
$20,000,000 Minneapolis, Minnesota
February 26, 2003
FOR VALUE RECEIVED, the undersigned, ENTEGRIS, INC., a Minnesota
corporation (the "Borrower"), hereby promises to pay to the order of
________________ (the "Bank"), at the main office of Xxxxx Fargo Bank, National
Association, as Agent (herein, in such capacity, the "Agent"), in Minneapolis,
Minnesota, or at any other place designated at any time by the holder hereof, in
lawful money of the United States of America and in immediately available funds,
the principal sum of Twenty Million Dollars ($20,000,000) or, if less, the
aggregate unpaid principal amount of all Revolving Advances made by the Bank to
the Borrower under the Credit Agreement (defined below), together with interest
on the principal amount hereunder from the date hereof until this Note is fully
paid at the rates from time to time in effect under the Credit Agreement dated
as of November 30, 1999, by and among the Borrower, the Agent, the Bank and the
various other banks as therein described, as amended by a First Amendment to
Credit Agreement dated as of October 17, 2000, a Second Amendment to Credit
Agreement dated as of March 1, 2002, a Consent and Amendment dated as of
February 7, 2003 and a Fourth Amendment to Credit Agreement of even date
herewith (as so amended and as hereafter amended, supplemented or otherwise
modified from time to time, the "Credit Agreement").
The principal hereof and interest accruing thereon shall be due and
payable as provided in the Credit Agreement. This Note may be prepaid only in
accordance with the Credit Agreement.
This Note is issued pursuant to, and is subject to, the Credit
Agreement, which provides, among other things, for acceleration hereof upon the
occurrence of certain events. This Note is a Revolving Note as referenced in the
Credit Agreement. This Note is issued in replacement of, and in substitution
for, but not in payment of, that certain Revolving Note of the Borrower dated
March 1, 2002, payable to the order of the Bank in the original principal amount
of $10,000,000.
The Borrower hereby agrees to pay all costs of collection, including
attorneys' fees and legal expenses in the event this Note is not paid when due,
whether or not legal proceedings are commenced.
A-1
Presentment or other demand for payment, notice of dishonor and
protest are expressly waived.
ENTEGRIS, INC.
By ______________________________
Its __________________________
And
By ______________________________
Its __________________________
A-2
EXHIBIT B TO
FOURTH AMENDMENT
Certificate of Chief Financial Officer as to Annual Financial Statements
TO: Xxxxx Fargo Bank,
National Association, as Agent
0000 Xxxxxx Xxxxxx Xxxxx
XXX X0000-000
Xxxxxxxxxxx, Xxxxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxxxx
Date: __________________, _____
Re: Audited Annual Financial Statements - Entegris, Inc. (the "Borrower")
We refer to the Credit Agreement dated as of November 30, 1999 (as
amended, supplemented or otherwise modified to date, the "Credit Agreement")
among the Borrower, certain banks named therein (the "Banks") and Xxxxx Fargo
Bank, National Association, as Agent for such Banks. Capitalized terms used
herein but not otherwise defined shall have the same meanings assigned to them
in the Credit Agreement.
I am the duly qualified and acting Chief Financial Officer of the
Borrower, and I am familiar with the financial statements and financial affairs
of the Borrower and its Subsidiaries and am authorized to execute this
Certificate on behalf of the Borrower.
Pursuant to Section 5.1(a) of the Credit Agreement, attached are the
audited financial statements of the Borrower and its Subsidiaries prepared by
_________________ as of and for the fiscal year ended ______________, ____. I
certify that such financial statements have been prepared in accordance with
GAAP, fairly present the financial condition of the Borrower and its
Subsidiaries and the results of the operations of the Borrower and its
Subsidiaries for the period then ended, and conform to the requirements of
Section 5.1(a) of the Credit Agreement. I further certify that I have obtained
no knowledge,
B-1
except as specifically stated in the attachment hereto, of any Default or Event
of Default.
ENTEGRIS, INC.
By ______________________________
Its __________________________
And
By ______________________________
Its __________________________
B-2
EXHIBIT C TO
FOURTH AMENDMENT
Certificate of Chief Financial Officer as to Fiscal Quarter Financial Statements
TO: Xxxxx Fargo Bank,
National Association, as Agent
0000 Xxxxxx Xxxxxx Xxxxx
XXX X0000-000
Xxxxxxxxxxx, Xxxxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxxxx
Date: __________________, ______
Re: Fiscal Quarter Financial Statements - Entegris, Inc. (the "Borrower")
We refer to the Credit Agreement dated as of November 30, 1999 (as
amended, supplemented or otherwise modified to date, the "Credit Agreement")
among the Borrower, certain banks named therein (the "Banks") and Xxxxx Fargo
Bank, National Association, as Agent for such Banks. Capitalized terms used
herein but not otherwise defined shall have the same meanings assigned to them
in the Credit Agreement.
I am the duly qualified and acting Chief Financial Officer of the
Borrower, and I am familiar with the financial statements and financial affairs
of the Borrower and its Subsidiaries and am authorized to execute this
Certificate on behalf of the Borrower.
Pursuant to Section 5.1(b) of the Credit Agreement, attached are the
required unaudited financial statements of the Borrower and its Subsidiaries as
of __________________ (the "Covenant Computation Date"). I certify that such
financial statements have been prepared in accordance with GAAP, fairly present
the financial condition of the Borrower and its Subsidiaries as of the Covenant
Computation Date and the results of the operations of the Borrower and its
Subsidiaries for the period then ended, subject to year-end adjustments, and
conform to the requirements of Section 5.1(b) of the Credit Agreement.
Events of Default. (Check one):
[_] The undersigned does not have knowledge of the occurrence of a
Default or Event of Default under the Credit Agreement.
[_] The undersigned has knowledge of the occurrence of a Default or
Event of Default under the Credit Agreement and attached hereto is a
statement of the facts with respect to thereto.
A. Floating Rate Margin, Eurodollar Rate Margin and Unused
Commitment Fee Percentage. I further certify that:
1. Ratio of Total Funded Debt to EBITDA as of Covenant Computation
Date. The applicable Ratio of Total Funded Debt to EBITDA for the Covenant
Computation Date is _____ to 1.00.
C-1
2. Minimum Cash and Cash Equivalents. The Borrower [_] has [_]
has not satisfied the requirements of Section 5.12 at all times
during the fiscal quarter immediately preceding the Covenant
Computation Date.
3. Floating Rate Margin. Commencing on the first day of the
first month following the applicable Quarterly Financial Statement
Due Date, the Floating Rate Margin shall be _______%.
4. Eurodollar Rate Margin. Commencing on the first day of the
first month following the applicable Quarterly Financial Statement
Due Date, the Eurodollar Margin shall be _________%.
5. Unused Commitment Fee Percentage. Commencing on the first
day of the first month following the applicable Quarterly Financial
Statement Due Date, the Unused Commitment Fee Percentage shall be
__________%.
B. Financial Covenants. I further hereby certify as follows:
1. Fixed Charge Coverage Ratio. Pursuant to Section 5.8 of the
Credit Agreement, as of the Covenant Computation Date, the Fixed
Charge Coverage Ratio of the Borrower and its Subsidiaries was _____
to 1.00 which [_] satisfies [_] does not satisfy the requirement that
such ratio be not less than 1.10 to 1.00 on the Covenant Computation
Date.
2. Leverage Ratio. Pursuant to Section 5.9 of the Credit
Agreement, as of the Covenant Computation Date, the Leverage Ratio of
the Borrower and its Subsidiaries was _____ to 1.00 which [_]
satisfies [_] does not satisfy the requirement that such ratio be not
more than 2.25 to 1.00 on the Covenant Computation Date.
3. Minimum Tangible Net Worth. Pursuant to Section 5.10 of the
Credit Agreement, as of the Covenant Computation Date, the Tangible
Net Worth of the Borrower and its Subsidiaries was $___________ which
[_] satisfies [_] does not satisfy the requirement that the
Borrower's Tangible Net Worth be not less than the sum of
$201,000,000 plus (a) fifty percent (50%) of the Net Income (unless
such amount is negative, in which case it shall be ignored for
purposes of this Section) realized by the Borrower and its
Subsidiaries, on a consolidated basis, for each Covenant Computation
Period commencing on or after December 1, 2002, and (b) fifty percent
(50%) of the net cash proceeds received by the Borrower and/or its
Subsidiaries from any equity offering made by the Borrower and/or its
Subsidiaries at any time on or after December 1, 2002.
4. Minimum Domestic Tangible Net Worth. Pursuant to Section
5.11 of the Credit Agreement, as of the Covenant Computation Date,
the Domestic Tangible Net Worth of the Borrower, its Domestic
Subsidiaries and the Guarantors was $______________, which [_]
satisfies [_] does not satisfy the requirement that such Domestic
Tangible Net Worth be not less than $125,000,000.
5. Minimum Cash and Cash Equivalents. Pursuant to Section 5.12
of the Credit Agreement, as of the Covenant Computation Date, the
cash and cash equivalents of the Borrower and its Subsidiaries, on a
consolidated basis, were
C-2
$_________________, which [_] satisfies [_] does not satisfy the
requirement that such cash and cash equivalents be not less than
$75,000,000 at any time and $_____________ of such cash and cash
equivalents constitute Domestic Cash which [_] satisfies [_] does not
satisfy the requirement that Domestic Cash be not less than
$40,000,000 at any time.
Set forth on Schedule I attached hereto are all relevant facts
in reasonable detail to evidence and to compute (A) the ratio of Total Funded
Debt to EBITDA of the Borrower and its Subsidiaries for purposes of establishing
the appropriate Floating Rate Margin, Eurodollar Rate Margin and Unused
Commitment Fee Percentage and (B) whether or not the Borrower is in compliance
with the Financial Covenants.
ENTEGRIS, INC.
By _________________________________
Its _____________________________
And
By _________________________________
Its _____________________________
C-3
SCHEDULE 4.4 TO FOURTH AMENDMENT
SCHEDULE OF SUBSIDIARIES AND AFFILIATES OF THE BORROWER
Entegris, Inc.
Subsidiaries
Feb-03
Jurisdiction % Ownership Name Classification
--------------------------------------------------------------------------------------------------
US Entegris, Inc. Parent
US 100% Entegris Custom Products, Inc. Subsidiary
US 100% NT International, Inc. Subsidiary
US-Taiwan 100% Entegris Taiwan, Inc. Subsidiary
US-Netherlands Branch 100% Entegris Netherlands, Inc. Subsidiary
US 100% Electrol Specialities Subsidiary
Cayman 100% Entegris Cayman, LTD Subsidiary
Germany 100% Entegris Europe, GmbH Subsidiary
Japan 100% Entegris Japan, K.K. Subsidiary
Japan 100% Entegris Techno, K.K. Subsidiary
Singapore 100% Fluoroware S.E. Asia, Pte. Ltd. Subsidiary
France 100% Entegris France, SARL Subsidiary
Korea 100% Entegris Korea, Inc. Subsidiary
Japan 100% Fluoroware Valqua Japan, K.K. Subsidiary
Jamaica 100% Fluoroware Jamaica, Ltd. Subsidiary
Malaysia 100% Entegris Malaysia, Sdn. Bhd. Subsidiary
Barbados 100% Empak, FSC Subsidiary
Singapore 100% Entegris Singapore Pte. Ltd. Subsidiary
Singapore 70% Atcor JCS, Pte. Ltd. Subsidiary
--------------------------------------------------------------------------------------------------
Entegris, Inc.
Affiliates
Feb-03
Jurisdiction % Ownership Name Classification
--------------------------------------------------------------------------------------------------
US 49% Oregon Labs Affiliate
Netherlands 13% Metron Technology, SV Affiliate
PRC 45% Xiangfan Huaguang Atcor Technology, LLC Affiliate
Taiwan 50% Entegris Precision Technology, Ltd. Affiliate
--------------------------------------------------------------------------------------------------
Schedules 6.1, 6.2 and 6.3
--------------------------------------------------------
Entegris 6.2 Indebtness 6.1 Liens/Mortgages
--------------------------------------------------------
August 31, 2002
Total Current
Long-Term Debt Party Debt 2003 Liens
--------------------------------------------------------------------------------------------------------------------------------
Entegris Xxx Xxxxxxxx 247,128 52,489 Subordinated
US Xxxxx Xxxxxxxx 199,825 42,366 Subordinated
DRKW 934,232 421,278 SAP Software
Xxx Xxxxxxxxxx 2,860,727 251,676 Subordinated
-------------------------------
Total Entegris 4,241,912 767,809
-------------------------------
0.981836033 GmbH Commerzbank HN 223,091 55,783 Secured Equip/Bldg
Germany Commerzbank HN 85,052 36,817 Secured Equip/Bldg
Commerzbank HN 49,402 19,769 Secured Equip/Bldg
Commerzbank HN 373,115 124,372 Secured Equip/Bldg
Commerzbank HN 1,016,560 225,902 Secured Equip/Bldg
-------------------------------
Total GmbH 1,747,220 462,643
-------------------------------
0.008449514 New FVJ Japan Finance Corp 1,704,436 127,757 Secured Equip/Bldg
Japan Yamagata Bank 49,438 49,438 Secured Equip/Bldg
Bond 1,858,893 Secured Equip/Bldg
Yamagata Bank 577,237 223,371 Secured Equip/Bldg
Yamagata Bank 222,814 140,938 Secured Equip/Bldg
-------------------------------
Total Nippon 4,412,818 541,504 Secured Equip/Bldg
-------------------------------
Custom Products IRB 1,150,000 100,000 Secured Bldg
-------------------------------
US Total CP 1,150,000 100,000 Guranteed by Entegris
-------------------------------
0.008449514 E-Techno Loan #3 97,169 50,697 Secured Equip
-------------------------------
Japan Total Techno 97,169 50,697
-------------------------------
Entegris Xxxxxxxx & Xxxxxx Xxxx 87,500 87,500 No Security
US Shinsho America 11,076 11,076 No Security
Ford Credit 14,754 9,569 Secured Equip
Trinity Capital 2,004 2,004 Secured Equip
-------------------------------
Total Atcor 115,334 110,149
-------------------------------
Entegris SBA Loan 2 943,124 25,791 Secured Bldg/Land
US SBA Loan 1 1,954,745 29,077 Secured Bldg/Land
Capital Lease US Bankcorp 64,539 16,910 Secured Equip
Capital Lease Santa Xxxxxxx 56,580 14,150 Secured Equip
Capital Lease Network Cap 51,812 25,907 Secured Equip
-------------------------------
Total CCS 3,070,800 111,835
-------------------------------
-------------------------------
Consolidated: 14,835,253 2,144,637
-------------------------------
--------------------------------------------------------
Entegris 6.2 Indebtness 6.1 Liens/Mortgages
--------------------------------------------------------
August 31, 2002
Total Current
Short-term Debt Party Debt 2003 Liens
--------------------------------------------------------------------------------------------------------------------------------
FVJ Bank of Tokyo Mitsubishi 2,365,864 2,365,864 Secured Assets
Japan Sumitomo Mitsui Bank 1,689,903 1,689,903 Secured Assets
Mizuho Bank 3,379,806 3,379,806 Secured Assets
Mizuzo Bank 211,238 211,238 Secured Assets
UFJ Bank 337,981 337,981 Secured Assets
E-Techno Bank of Tokyo Mitsubishi 1,436,417 1,436,417 Secured Assets
Japan
9,421,208 9,421,208
-------------------------------------------
Total Current
New Short-term Debt Party Debt 2003 Liens
--------------------------------------------------------------------------------------------------------------------------------
February 1, 2003 Entegris Xxxxx Fargo/Xxxxxx 14,000,000 14,000,000 Unsecured
US
----------------------
Exhibt 6.3
----------------------
Total Current
Guarantees Party Debt 2003 Liens
--------------------------------------------------------------------------------------------------------------------------------
Entegris Xxxxx Xxxx, Xxxx Xxxxxxxxxx 3,420,000 Unsecured
US Earn-out,Bldg Lease, Salaries
related to ESC acquisiton January 2003
