Exhibit 10.4
September 22, 2006
Belden CDT Inc.
7701 Forsyth, Suite 800
St. Louis, Missouri 63105
Attention: Stephen H. Johnson
Re: Credit Agreement, dated as of January 24, 2006 (as amended, restated,
supplemented or otherwise modified from time to time, the "Credit
Agreement"), among Belden CDT Inc., a Delaware corporation (the
"Borrower"), the Domestic Subsidiaries of the Borrower from time to time
party thereto (the "Guarantors"), the Lenders from time to time parties
thereto and Wachovia Bank, National Association, as administrative agent
(the "Administrative Agent"). Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings
given to them in the Credit Agreement.
You have requested that the Required Lenders consent to the investment by
the Credit Parties or any of their Subsidiaries of up to $5,000,000 in Capital
Stock issued by Extricom Ltd., an Israeli private company, (the "Target
Investment"), which investment is not otherwise permitted by the provisions of
Sections 6.4(b) and 6.5 of the Credit Agreement. Accordingly, the undersigned
Lenders hereby consent to the making of the Target Investment by the Credit
Parties, notwithstanding the provisions of Sections 6.4(b) or 6.5 of the Credit
Agreement. It is hereby understood and agreed that the amount of the Target
Investment shall not count against the $2,000,000 Investment basket set forth in
clause (n) of the definition of "Permitted Investments".
Except for the foregoing limited consent, all terms and conditions of the
Credit Agreement shall remain in full force and effect, without modification or
limitation. This Consent shall not constitute a consent to any other action or
inaction by the Borrower or any other Credit Party, nor shall it operate as a
waiver of any other right, power, or remedy of any Lender or the Administrative
Agent under, or of any provision contained in, the Credit Agreement or any other
Credit Document or under applicable law (all of which rights and remedies are
hereby expressly reserved by the Lenders and the Administrative Agent), except
as specifically provided herein. Each of the Guarantors acknowledges and
consents to the terms of this Consent and agrees that this Consent does not
operate to reduce or discharge the Guarantors' obligations under the Credit
Documents.
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AGENT AND LENDERS: WACHOVIA BANK, NATIONAL ASSOCIATION,
as Administrative Agent and a Lender
By: /s/ David K. Hall
------------------------------------
Name: David K. Hall
Title: Director - Agency Management
NATIONAL CITY BANK
By: /s/ Eric Hartman
------------------------------------
Name: Eric Hartman
Title: Vice President
COMERICA BANK
Name of Institution
By: /s/ Mark J. Leveille
------------------------------------
Name: Mark J. Leveille
Title: Assistant Vice President
Bank of America N.A.
Name of Institution
By: /s/ HARVEY H. THAYER, JR.
---------------------------------
Name: Harvey H. Thayer, Jr.
-------------------------------
Title: Managing Director
THE NORTHERN TRUST COMPANY
By: /s/ Roger McDougal
---------------------------------
Name: Roger McDougal
Title: Vice President
FIFTH THIRD BANK
By: /s/ Shawn D. Hagan
---------------------------------
Name: Shawn D. Hagan
Title: Vice President
ING Bank N.V.
Name of Institution
By: /s/ B.F.G Jacobs
---------------------------------
Name: B.F.G Jacobs
Title: principal Relationshipmanager
/s/ P.A.J. van Vuuren
-------------------------------------
Name: P.A.J. van Vuuren
Title: Directeur Bedrijven &
Instellingen
U. S. Bank National Association
Name of Institution
By: /s/ John Holland
------------------------------------
Name: John Holland
Title: Senior Vice President
Acknowledged and Agreed:
BORROWER: 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 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