LOAN DOCUMENT MODIFICATION AGREEMENT (No. 1)
LOAN DOCUMENT MODIFICATION AGREEMENT (NO. 1) dated as of April 29, 2002 by and among LIONBRIDGE
TECHNOLOGIES HOLDINGS B.V. and LIONBRIDGE TECHNOLOGIES B.V., each a limited liability company incorporated under
the laws of the Netherlands, LIONBRIDGE TECHNOLOGIES IRELAND, an unlimited company incorporated under the laws of
Ireland (collectively, the “ Borrowers ”), and SILICON VALLEY BANK (the “ Bank ”), a California chartered bank with its
principal place of business at 3003 Tasman Drive, Santa Clara, California 95054, and with a loan production office located at One
Newton Executive Park, 2221 Washington Street, Suite 200, Newton, Massachusetts 02462, doing business under the name
“Silicon Valley East”.
Reference to Existing Loan Documents.
Reference is made to that certain Loan Agreement dated as of June 28, 2001 between the Bank and the Borrowers (with the
attached schedules and exhibits, the “ Loan Agreement ”) and the Loan Documents referred to therein, including without
limitation, that certain Promissory Note of the Borrowers dated as of June 28, 2001 in the principal amount of U.S. $6,000,000 (the
“ Note ”). Unless otherwise defined herein, capitalized terms used in this Agreement shall have the same respective meanings as
set forth in the Loan Agreement.
This Agreement shall become effective as of April 29, 2002 (the “ Effective Date ”), provided that the Bank shall have
received the following on or before such date and provided further, that in no event shall this Agreement become effective until
signed by an officer of the Bank in California:
two copies of this Agreement, duly executed by all of the Borrowers, with the attached Consent of Lionbridge Technologies,
Inc. (“ LTI ”), duly executed thereby;
an Allonge to the Note in the form attached hereto as Exhibit A , duly executed by all of the Borrowers (the “ Allonge ”);
a certificate of the Secretary or other appropriate off