Waiver and Amendment to Credit Agreement between Iris Graphics Inc. and Printcafe Software, Inc. (February 11, 2002)
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Summary
Iris Graphics Inc. and Printcafe Software, Inc. have agreed to modify their existing Credit Agreement. Iris Graphics is waiving Printcafe's default for not meeting the operating cash flow (OCF) requirement for the quarter ending December 31, 2001. The agreement also updates the OCF and minimum threshold requirements for future quarters through September 2004. This waiver and amendment are conditional on Printcafe meeting the new financial targets set out in the document.
EX-10.37 5 j9249403ex10-37.txt EXHIBIT 10.37 Exhibit 10.37 February 11, 2002 Reference is made to that certain Credit Agreement (the "Credit Agreement") dated as of December 31, 2001 between Iris Graphics Inc. and Printcafe Software, Inc., formerly known as printCafe, Inc. ("Printcafe"). Iris Graphics Inc. hereby waives the Event of Default (as defined in the Credit Agreement) for the fiscal quarter ended December 31, 2001 due to Printcafe's failure to meet the OCF (as defined in the Credit Agreement) covenant set forth in Section 6.1(d) of the Credit Agreement provided that the following OCF amounts and Minimum Threshold Requirements (b) (as defined in the Credit Agreement) replace the amounts currently provided for in the Credit Agreement: Operating Cash Flow:
Minimum Threshold Requirements:
/s/ Myles Degenstein - -------------------------------- Iris Graphics, Inc. Myles Degenstein - -------------------------------- Name Manager, Mergers & Acquisitions (Creo Products Inc., parent of Iris Graphics Inc.) - -------------------------------- Title