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Exhibit
10.2
THIRD AMENDMENT TO
REVOLVING LINE OF CREDIT AGREEMENT
THIRD AMENDMENT TO REVOLVING
LINE OF CREDIT AGREEMENT is made and effective as of
November 1, 2007 (the “Effective Date”) by and
between C-COR INCORPORATED (“C-Cor”),
BROADBAND CAPITAL CORPORATION (“Broadband” and,
together with C-Cor, collectively the “Borrower”), and
CITIZENS BANK OF PENNSYLVANIA (the
“Bank”).
WHEREAS, the Borrower and the
Bank have entered into a certain Revolving Line of Credit Agreement
dated as of November 5, 2004 (as amended by a certain
Amendment to Revolving Line of Credit Agreement dated as of
November 1, 2005, Second Amendment to Revolving Line of Credit
Agreement dated as of November 1, 2006 and as otherwise
amended, modified or supplemented from time to time, hereinafter
referred to as the “Loan Agreement”); and
WHEREAS, the Borrower and the
Bank desire to further amend the Loan Agreement in certain respects
as hereinafter provided
NOW, THEREFORE, for good and
valuable consideration the receipt and sufficiency of which is
hereby acknowledged and intending to be legally bound, the Bank and
the Borrower hereby agree as follows:
1. The Loan Agreement is
hereby amended by deleting the definition of “Commitment
Period” therefrom in its entirety and substituting in lieu
thereof the following:
“Commitment Period:
From the date hereof to but not including October 31,
2008”
2. Capitalized terms used
herein which are not defined herein shall have the meaning assigned
to such terms in the Loan Agreement. Except as amended hereby, all
of the provisions of the Loan Agreement shall remain unchanged;
shall continue in full force and effect; and are hereby ratified
and confirmed in all respects. From and after the Effective Date
all references in the Loan Agreement to “this
Agreement” (and all indirect references such as
“herein”, “hereby”,
“hereunder”, and “hereof”) shall be deemed
to refer to the Loan Agreement, as amended by this
Amendment.
IN WITNESS WHEREOF, the
parties hereto, intending to be legally bound, have executed this
Third Amendment to Revolving Line of Credit Agreement as of the day
and date first above written.
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CITIZENS BANK OF
PENNSYLVANIA
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C-COR INCORPORATED |
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| By: |
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/s/ Joseph F. King
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By: |
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/s/ WT Hanelly
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| Name: |
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Joseph F.
King |
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Name: |
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WT
Hanelly |
| Title: |
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Senior Vice
President |
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