Document:

Exhibit 10.2

Exhibit 10.2

REVOLVING NOTE

	 	 	 	 	 
	$30,000,000.00
	 	Columbus, Ohio
	 
	 	February 8, 2011

FOR VALUE RECEIVED, the undersigned, Retail Ventures, Inc., an Ohio corporation (herein called
the “Borrower”), hereby promises to pay to the order of SEI, Inc. (the “Lender”) the lesser of (i)
the principal sum of Thirty Million Dollars ($30,000,000.00), or (ii) the aggregate unpaid
principal balance of all Loans made by the Lender to the Borrower pursuant to Section 1.2 of the
Loan Agreement, dated as of even date herewith, between the Borrower and the Lender (as amended,
restated, supplemented, or otherwise modified from time to time, the “Loan Agreement”), payable on
the Maturity Date.

The Borrower shall pay interest on the unpaid principal balance hereof from time to time
outstanding from the date hereof at the rate or rates per annum specified in Section 1.2(b) of or
as otherwise provided in the Loan Agreement.

Upon the occurrence and during the continuation of a Default, the Borrower shall pay interest
on the entire principal amount of the then outstanding Loans evidenced by this Revolving Note at a
rate per annum as set forth in Section 1.2(b) of the Loan Agreement.

Subject to the provisions of the Loan Agreement, interest on this Revolving Note will be
payable on the dates set forth in Section 1.3(a) of the Loan Agreement and on the Maturity Date, or
upon the earlier acceleration of the Loans.

Subject to the provisions of the Loan Agreement, if any payment or action to be made or taken
hereunder shall be stated to be or become due on a day which is not a business day, such payment or
action shall be made or taken on the next following business day; and such extension of time shall
be included in computing interest or fees, if any, in connection with such payment or action.

Subject to the provisions of the Loan Agreement, payments of both principal and interest shall
be made without setoff, counterclaim or other deduction of any nature at the office of the Lender
located at 4300 E. Fifth Avenue, Columbus, OH 43219, in lawful money of the United States of
America in immediately available funds.

This Note is the Note referred to in, and is entitled to the benefits of, the Loan Agreement
and other Related Documents, including the representations, warranties, covenants and conditions
contained therein. The Loan Agreement, among other things, contains provisions for acceleration of
the maturity hereof upon the happening of certain stated events and also for prepayment, in certain
circumstances, on account of principal hereof prior to maturity upon the terms and conditions
therein specified.

All capitalized terms used herein shall, unless otherwise defined herein, have the same
meanings given to such terms in the Loan Agreement.

 

 

 

Except as otherwise provided in the Loan Agreement, the Borrower waives presentment, demand,
notice, protest and all other demands and notices in connection with the delivery, acceptance,
performance, default or enforcement of this Note and the Loan Agreement.

This Note shall bind the Borrower and its successors and assigns, and the benefits hereof
shall inure to the benefit of the Lender and its successors and assigns; provided,
however, that the Borrower may not assign this Note or its obligations hereunder except as
permitted by the Loan Agreement. All references herein to the “Borrower” and the “Lender” shall be
deemed to apply to the Borrower and the Lender, respectively, and their respective successors and
assigns.

This Note and any other documents delivered in connection herewith and the rights and
obligations of the parties hereto and thereto shall for all purposes be governed by and construed
and enforced in accordance with the Laws of the State of Ohio (without giving effect to its laws of
conflicts).

All communications and notices hereunder and any waiver, amendment or modification hereof
shall be in writing and given as provided in the Loan Agreement.

[SIGNATURE PAGE FOLLOWS]

 

 

 

[SIGNATURE PAGE 1 OF 1 TO REVOLVING NOTE]

IN WITNESS WHEREOF, the undersigned has executed this Note by its duly authorized officer with
the intention that it constitute a sealed instrument.

	 	 	 	 	 	 	 	 	 
	 	 	RETAIL VENTURES, INC., an Ohio corporation
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ James A. McGrady	 	(SEAL)
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	James A. McGrady	 	 
	 

	 	 	 	Title:
	 	Chief Executive Officer,

Chief Financial Officer,

President and Treasurerexv10w1

Exhibit 10.1

February 7, 2011

Dr. John H. Short

RehabCare Group, Inc.

7733 Forsyth Boulevard Suite 2300

St. Louis, MO 63105

     Re: Termination Compensation Agreement Clarification

Dear John:

     Reference is made to that certain Termination Compensation Agreement (“Agreement”) entered
into December 11, 2007 (as amended effective December 8, 2008) between you and RehabCare Group,
Inc. (the “Company”). As has been discussed, in order to clarify the intent of both you and the
Company with respect to certain gross-up payments in Section 4.2(f) of the Agreement, the Agreement
is hereby amended by deleting the last sentence of Section 4.2(b). Section 4.2(f) shall remain and
be a part of the Agreement.

     Please contact me with any questions.

     Sincerely,

	 	 	 	 	 

	 

	 	/s/ Harry E. Rich
 

Harry E. Rich, Chairman
	 	 

ACKNOWLEDGED AND AGREED:

	 	 	 

	/s/ John H. Short
 

John H. Short, PhD

	 	 
	 
	 	 
	Date: 2-7-11Exhibit 10.1

FIFTH AMENDMENT TO CREDIT AGREEMENT

This Fifth Amendment to Credit Agreement (“Fifth Amendment”) is made as of this 8th
day of February, 2011, by and among PMFG, Inc. (“Holdings”), Borrowers (as defined below), which
are listed on attached Schedule 1, the Lenders (as defined below) signatory hereto and Comerica
Bank, as Agent for the Lenders (in such capacity, the “Agent”).

RECITALS

A. Holdings, Peerless Mfg. Co. (the “Company”), PMC Acquisition, Inc. (“PMC Acquisition”),
and, following the execution and delivery by any other Subsidiary (as defined in the Credit
Agreement), and acceptance by the Agent, from time to time, of a Credit Agreement Joinder Agreement
from such Subsidiary, collectively with the Company, PMC Acquisition and each such Subsidiary, the
“Borrowers” and each individually, a “Borrower”) are party to that certain Revolving Credit and
Term Loan Agreement dated April 30, 2008, with the financial institutions from time to time
signatory thereto (individually a “Lender,” and any and all such financial institutions
collectively the “Lenders”) and Agent (as amended or otherwise modified from time to time, the
“Credit Agreement”).

B. Borrowers have requested that Agent and the Lenders make certain amendments to the Credit
Agreement as set forth herein and Agent and the Lenders are willing to do so, but only on the terms
and conditions set forth in this Fifth Amendment.

NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, Borrowers,
Agent and the Lenders agree as follows:

1. The following definitions in Section 1 of the Credit Agreement are hereby amended and
restated as follows:

“Change in Control” shall mean any of the following events or
circumstances: (a) any Person or “group” (within the meaning of
Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as
amended) other than underwriters’ ownership of stock as an
underwriting allotment as part of a bona fide distribution to the
public or NSB Advisors, LLC shall either (i) acquire beneficial
ownership of more than 30% of any outstanding class of common stock
of Holdings having ordinary voting power in the election of
directors of Holdings or (ii) obtain the power (whether or not
exercised) to elect a majority of Holdings’ directors, or (b) any
“Change of Control”, as such term or similar concept is defined in
any Subordinated Debt Document.

2. The reference in Section 9.1(j) to “Change of Control” is hereby deleted and replaced with
“Change in Control”.

 

 

 

3. This Fifth Amendment shall become effective (according to the terms hereof) on the date
(the “Fifth Amendment Effective Date”) that the following conditions have been fully satisfied by
Borrowers (the “Conditions”):

	 	(a)	 	Agent shall have received via facsimile or electronic mail (followed by the
prompt delivery of original signatures) counterpart originals of this Fifth Amendment,
in each case duly executed and delivered by the Agent, Borrowers and the Lenders.

	 	(b)	 	Borrowers shall have paid to the Agent all fees and other amounts, if any, that
are due and owing to the Agent as of the Fifth Amendment Effective Date.

4. Upon the Fifth Amendment Effective Date, this Fifth Amendment shall be given retroactive
effect to December 15, 2010.

5. Borrowers hereby certify to the Agent and the Lenders as of the Fifth Amendment Effective
Date and after giving effect to this Amendment, that (a) execution and delivery of this Fifth
Amendment and the other Loan Documents required to be delivered hereunder, and the performance by
Borrowers of their obligations under the Credit Agreement as amended hereby (herein, as so amended,
the “Amended Credit Agreement”) are within the Borrowers’ powers, have been duly authorized, are
not in contravention of law or the terms of its articles of incorporation or bylaws or other
organizational documents of the parties thereto, as applicable, and except as have been previously
obtained do not require the consent or approval, material to the amendments contemplated in this
Fifth Amendment, of any governmental body, agency or authority, and the Amended Credit Agreement
and the other Loan Documents required to be delivered hereunder will constitute the valid and
binding obligations of such undersigned parties enforceable in accordance with its terms, except as
enforcement thereof may be limited by applicable bankruptcy, reorganization, insolvency,
moratorium, ERISA or similar laws affecting the enforcement of creditors’ rights generally and by
general principles of equity (whether enforcement is sought in a proceeding in equity or at law),
(b) the representations and warranties set forth in Section 6 of the Amended Credit Agreement are
true and correct on and as of the Fifth Amendment Effective Date (except to the extent such
representations specifically relate to an earlier date), and (c) on and as of the Fifth Amendment
Effective Date, after giving effect to this Fifth Amendment, no Default or Event of Default shall
have occurred and be continuing.

6. Except as specifically set forth above, this Fifth Amendment shall not be deemed to amend
or alter in any respect the terms and conditions of the Amended Credit Agreement (including without
limitation all conditions and requirements for Advances and any financial covenants), any of the
Notes issued thereunder or any of the other Loan Documents. Nor shall this Fifth Amendment
constitute a waiver or release by the Agent or the Lenders of any right, remedy, Default or Event
of Default under or a consent to any transaction not meeting the terms and conditions of the
Amended Credit Agreement, any of the Notes issued thereunder or any of the other Loan Documents.
Furthermore, this Fifth Amendment shall not affect in any manner whatsoever any rights or remedies
of the Lenders with respect to any other non-compliance by Borrowers or any Guarantor with the
Amended Credit Agreement or the other Loan Documents, whether in the nature of a Default or Event
of Default, and whether now in existence or subsequently arising, and shall not apply to any other
transaction. Borrowers hereby confirm
that each of the Collateral Documents continues in full force and effect and secures, among
other things, all of its obligations, liabilities and indebtedness owing to the Agent and the
Lenders under the Credit Agreement and the other Loan Documents (where applicable, as amended
herein).

 

2

 

7. Borrowers hereby acknowledge and agree that this Fifth Amendment and the amendments
contained herein do not constitute any course of dealing or other basis for altering any obligation
of Borrowers, any other Credit Party, any Guarantor or any other party or any rights, privilege or
remedy of the Lenders under the Credit Agreement, any other Loan Document, any other agreement or
document, or any contract or instrument.

8. Except as specifically defined to the contrary herein, capitalized terms used in this Fifth
Amendment shall have the meanings set forth in the Credit Agreement.

9. This Fifth Amendment may be executed in counterpart in accordance with Section 13.9 of the
Credit Agreement and shall be considered a “Loan Document” within the meaning of the Credit
Agreement.

10. This Fifth Amendment shall be construed in accordance with and governed by the laws of the
State of Texas.

 

3

 

WITNESS the due execution hereof as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	COMERICA BANK, as Agent	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kelly Cowherd	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Kelly Cowherd	 	 
	 

	 	 	 	Title:
	 	AVP

	 	 
	 

	 	 	 	 	 	 

	 	 

Signature page to Fifth Amendment

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	PMFG, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Henry Schopfer	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Henry Schopfer	 	 
	 

	 	 	 	Title:	 	Chief Financial Officer

	 	 
	 

	 	 	 	 	 	 

	 	 
	 	 	PEERLESS MFG. CO.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Henry Schopfer	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Henry Schopfer	 	 
	 

	 	 	 	Title:
	 	Chief Financial Officer

	 	 
	 

	 	 	 	 	 	 

	 	 
	 	 	PMC ACQUISITION, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Henry Schopfer	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Henry Schopfer	 	 
	 

	 	 	 	Title:
	 	Chief Financial Officer

	 	 
	 

	 	 	 	 	 	 

	 	 
	 	 	NITRAM ENERGY, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Henry Schopfer	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Henry Schopfer	 	 
	 

	 	 	 	Title:
	 	Chief Financial Officer

	 	 
	 

	 	 	 	 	 	 

	 	 
	 	 	BOS-HATTEN, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Henry Schopfer	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Henry Schopfer	 	 
	 

	 	 	 	Title:
	 	Chief Financial Officer

	 	 
	 

	 	 	 	 	 	 

	 	 
	 	 	BURGESS — MANNING, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Henry Schopfer	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Henry Schopfer	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Title:	 	Chief Financial Officer	 	 
	 

	 	 	 	 	 	 

	 	 

Signature page to Fifth Amendment

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	BURMAN MANAGEMENT, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Henry Schopfer	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Henry Schopfer	 	 
	 

	 	 	 	Title:
	 	Chief Financial Officer

	 	 
	 

	 	 	 	 	 	 

	 	 

Signature page to Fifth Amendment

 

 

 

LENDERS:

	 	 	 	 	 	 	 	 	 
	 	 	COMERICA BANK, as a Lender, Issuing Lender and 
Swing Line Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kelly Cowherd	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Kelly Cowherd	 	 
	 

	 	 	 	Title:
	 	AVP

	 	 
	 

	 	 	 	 	 	 

	 	 

Signature page to Fifth Amendment

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	MB FINANCIAL BANK, N.A.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Evelyn Guzman	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Evelyn Guzman	 	 
	 

	 	 	 	Title:
	 	Vice President

	 	 
	 

	 	 	 	 	 	 

	 	 

Signature page to Fifth Amendment

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	CITIBANK N.A.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Deb Purvin	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Deb Purvin	 	 
	 

	 	 	 	Title:
	 	Vice President

	 	 
	 

	 	 	 	 	 	 

	 	 

Signature page to Fifth Amendment

 

 

 

SCHEDULE 1

Peerless Mfg. Co.

PMC Acquisition, Inc.

Nitram Energy, Inc.

Bos-Hatten, Inc.

Burgess — Manning, Inc.

Burman Management, Inc.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00183-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00183-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00183-of-00352.parquet"}]]