Document:

2006 Board Compensation Summary

 Exhibit 10.27a 
 Hot Topic Inc., Director Compensation 2006 
 On March 17, 2006, our Board of Directors,
following approval of our Compensation Committee, established the following 2006 director compensation: 
 Cash Compensation: 
  

							
	 MEETINGS
	  	 NO. OF
MEETINGS
 (FY 2005)
	  	PER MTG.
FEE
(FY 2006)	 
	 Board
	  	4	  			
	 Chair
	  		  	$	7,000	 
	 Member
	  		  	$	5,000	 
			
	 Audit Committee
	  	6	  			
	 Chair
	  		  	$	2,500	 (+$10,000/Qtr.)
	 Member
	  		  	$	1,500	 
			
	 Governance & Nominating Committee
	  	4	  			
	 Chair
	  		  	$	2,500	 
	 Member
	  		  	$	1,000	 
			
	 Compensation Committee
	  	3	  			
	 Chair
	  		  	$	2,500	 
	 Member
	  		  	$	1,000	 

 Other Compensation: 
 Automatic Options: 
  

			
	 New Director Grant (0 in FY 2005):
	  	10,000 options
	 Continuing Director Grant (5 in FY 2005):
	  	2,500 options
	 Continuing Chair Grant (1 in FY 2005):
	  	3,750 options

 Discretionary Options: 
 Continuing Director Grant (5 in FY 2005): The number of shares which will, including the automatic grant, provide a $60,000 aggregate grant, using the Black Scholes model. 
 Continuing Chair Grant (1 in FY 2005): The number of shares which will, including the automatic grant, provide an $80,000 aggregate grant, using the
Black Scholes model. 
 Stock Bonus Award: 
 Director Award (5 in FY 2005): The number of shares equal to $25,000 divided by the share price determined as of the date of grant. 
 Chair Award (1 in FY 2005): The number of shares equal to $30,000 divided by the share price determined as of the date of grant.Amendment No. 3 and Waiver to Credit Agreement

 Exhibit 10.1 
 Execution Version 
 AMENDMENT NO. 3 AND WAIVER TO CREDIT AGREEMENT 
 This AMENDMENT NO. 3 AND WAIVER to CREDIT AGREEMENT, dated
as of March 16, 2006 (this “Amendment”) to the Credit Agreement dated as of February 11, 2005 (as the same may be further amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”) entered into among CONSTAR INTERNATIONAL INC., a Delaware corporation (the “Borrower”), the institutions from time to time party thereto as Lenders (the
“Lenders”), the institutions from time to time party thereto as Issuers (the “Issuers”) and CITICORP USA, INC., a Delaware corporation, in its capacity as administrative agent for the
Lenders and Issuers (in such capacity, the “Administrative Agent”), is entered into among the Borrower, the Guarantors, the Administrative Agent and the Lenders party hereto. Capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed to them in the Credit Agreement. 
 W i t n e s s e t h: 
 WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement in certain respects as set forth below; and 
 WHEREAS, the Lenders have agreed, subject to the terms and conditions hereinafter set forth, to amend the Credit Agreement in certain
respects as set forth below; 
 NOW, THEREFORE, in consideration of the premises and the covenants and
obligations contained herein, the sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 Section 1.
Amendments to the Credit Agreement 
 The Credit Agreement is, effective as of the date first written above (the “Effective
Date”) and subject to the satisfaction (or due waiver) of the conditions set forth in Section 2 (Conditions Precedent to the Effectiveness of this Amendment) hereof, hereby amended as follows: 
 (a) Amendments to Article I (Definitions, Interpretation and Accounting Terms) 
 (i) The following definitions are hereby inserted in Section 1.1 (Defined Terms) of the Credit Agreement in the appropriate
place to preserve the alphabetical order of the definitions in such section (and, if applicable, the following definitions shall replace in their entirety existing definitions for the corresponding terms in such section): 
 “Collateral Availability” means, at any time, the amount by which (a) the Borrowing Base at such time exceeds
(b) the Revolving Credit Outstandings at such time. 
 “Normal Monthly Adjustments” means, those
adjustments made by management (or proposed by auditors) in connection with the closing of the monthly financial statements between the time of the preliminary closing of the monthly financial statements and both (i) the Borrower’s final
closing of the books each month and (ii) the filing with the SEC of the quarterly or annual reports required by Sections 6.1( b) and (c) at any time. 

 (b) Amendments to Article V (Financial Covenants) 
 Section 5.1 (Maximum Liquidity) of the Credit Agreement is hereby amended by deleting the dollar amount of “$10,000,000.” and
replacing it with “$5,000,000.” 
 Section 5.2 (Minimum Interest Coverage Ratio) of the Credit Agreement is hereby
amended by deleting the section in its entirety (including the heading) and replacing it with the following: 
 “Section 5.2 (Minimum Collateral Availability) 
 The Borrower shall maintain at all times
Collateral Availability of more than $20,000,000.” 
 (c) Amendments to Article VI (Reporting Covenants) 

Section 6.1(a) (Financial Statements, Monthly Reports) of the Credit Agreement is hereby amended by (i) adding the
word “not” before the words “the last month in a Fiscal Quarter” prior to the first comma in such section and (ii) replacing the words “normal year-end audit adjustments” with “Normal Monthly Adjustments”
in the parenthetical at the end of such section. 
 (d) Amendments to Article IX (Events of Defaults) 
 Section 9.1(d) of the Credit Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:

 “(d) any Loan Party shall fail to perform or observe (i) any term, covenant or agreement contained in Article V (Financial
Covenants), 6.2 (Default Notices), 7.1 (Preservation of Corporate Existence, Etc.), 7.6 (Access), 7.9 (Application of Proceeds), 7.11 (Additional Collateral and Guaranties), 7.12 (Control Accounts; Approved Deposit Accounts) or
Article VIII (Negative Covenants), (ii) any term, covenant or agreement contained in Section 6.1 (Financial Statements) or 6.12 (Borrowing Base Determination) if such failure under this clause (ii) shall remain unremedied for 5
Business Days after the earlier of (A) the date on which a Responsible Officer of the Borrower becomes aware of such failure and (B) the date on which written notice thereof shall have been given to the Borrower by the Administrative Agent
or any Lender, or (iii) any other term, covenant or agreement contained in this Agreement or in any other Loan Document if such failure under this clause (iii) shall remain unremedied for 30 days after the earlier of (A) the date on
which a Responsible Officer of the Borrower becomes aware of such failure and (B) the date on which written notice thereof shall have been given to the Borrower by the Administrative Agent or any Lender; or” 
 Section 2. Conditions Precedent to the Effectiveness of this Amendment 
 This Amendment shall become effective as of the date first written above when, and only when, each of the following conditions precedent shall have been
satisfied or duly waived by the Administrative Agent and the Lenders constituting the Requisite Lenders: 
 (a) the Administrative Agent
shall have received this Amendment, duly executed by the Borrower, each Guarantor, the Administrative Agent and the Lenders constituting the Requisite Lenders; and 

 (b) the Administrative Agent shall have received payment of the fees referred to in Section 4(a) of
this Amendment. 
 Section 3. Representations and Warranties 
 On and as of the date hereof, after giving effect to this Amendment, the Borrower hereby represents and warrants to the Administrative Agent and each
Lender as follows: 
 (a) this Amendment has been duly authorized, executed and delivered by the Borrower and each Guarantor and constitutes
the legal, valid and binding obligation of the Borrower and each Guarantor, enforceable against the Borrower and each Guarantor in accordance with its terms and the Credit Agreement as amended by this Amendment constitutes the legal, valid and
binding obligation of the Borrower and each Guarantor, enforceable against the Borrower and each Guarantor in accordance with its terms; 
 (b) each of the representations and warranties contained in Article IV (Representations and Warranties) of the Credit Agreement, the other Loan Documents or in any certificate, document or financial or other statement furnished
at any time under or in connection therewith is true and correct in all material respects on and as of the date hereof as if made on and as of such date and except to the extent that such representations and warranties specifically relate to a
specific date, in which case such representations and warranties shall be true and correct in all material respects as of such specific date; provided, however, that references therein to the “Credit Agreement” shall
be deemed to refer to the Credit Agreement as amended hereby (if applicable); 
 (c) no Default or Event of Default has occurred and is
continuing (except for those that are duly waived); and 
 (d) no litigation has been commenced against any Loan Party or any of its
Subsidiaries seeking to restrain or enjoin (whether temporarily, preliminarily or permanently) the performance of any action by any Loan Party required or contemplated by this Amendment, the Credit Agreement or any Loan Document, in each case as
amended hereby (if applicable). 
 Section 4. Fees and Expenses 
 The Borrower agrees to pay the Administrative Agent (i) a fee equal to $87,500 for the account of the Lenders to be shared by them pro
rata in accordance with their respective Revolving Credit Commitments and (ii) in accordance with the terms of Section 11.3 (Costs and Expenses) of the Credit Agreement all reasonable out of pocket costs and expenses of the
Administrative Agent in connection with the preparation, reproduction, execution and delivery of this Amendment and all other Loan Documents entered into in connection herewith (including, without limitation, the reasonable fees and out-of-pocket
expenses of counsel for the Administrative Agent with respect thereto and all other Loan Documents). 

 Section 5. Waiver 
 The Lenders waive to the extent necessary for the Borrower’s compliance with former Section 6.1(a) of the Credit Agreement the delivery of
monthly financial statements through the Effective Date. 
 Section 6. Reference to the Effect on the Loan Documents

 (a) As of the date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,”
“hereof,” “herein,” or words of like import, and each reference in the other Loan Documents to the Credit Agreement (including, without limitation, by means of words like “thereunder”, “thereof” and words of
like import), shall mean and be a reference to the Credit Agreement as modified hereby, and this Amendment and the Credit Agreement shall be read together and construed as a single instrument. 
 (b) Except as expressly modified hereby, all of the terms and provisions of the Credit Agreement and all other Loan Documents are and shall remain in
full force and effect and are hereby ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or remedy of the Lenders or the Administrative Agent under any of the Loan Documents, nor constitute a waiver or amendment of any other provision of any of the Loan
Documents or for any purpose except as expressly set forth herein. 
 (d) This Amendment shall be deemed a Loan Document. 
 Section 7. Amendment of Guarantors 
 Each Guarantor hereby consents to this Amendment and agrees that the terms hereof shall not affect, impair or reduce in any way its obligations, liabilities or liens under the Loan Documents (as amended and otherwise
expressly modified hereby), all of which obligations, liabilities and liens shall remain in full force and effect and each of which is hereby reaffirmed (as amended and otherwise expressly modified hereby). 
 Section 8. Execution in Counterparts 
 This Amendment may be executed in any number of counterparts and by different parties in separate counterpart (including by facsimile), each of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are attached to the same document. Delivery of an
executed counterpart by telecopy shall be effective as delivery of a manually executed counterpart of this Amendment. 
 Section 9. Governing Law 
 This Amendment shall be governed by and construed in accordance with the law of the
State of New York. 

 Section 10. Section Titles 
 The Section titles contained in this Amendment are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the
agreement between the parties hereto. 
 Section 11. Notices 
 All communications and notices hereunder shall be given as provided in the Credit Agreement. 
 Section 12. Severability 
 The fact that any term or provision of this Agreement is held invalid, illegal or unenforceable as to any person in any situation in any jurisdiction shall not affect the validity, enforceability or legality of the remaining terms or
provisions hereof or the validity, enforceability or legality of such offending term or provision in any other situation or jurisdiction or as applied to any person. 
 Section 13. Successors 
 The terms of this Amendment shall be binding upon, and shall
inure to the benefit of, the Lenders, the other parties hereto and their respective successors and assigns. 
 Section 14. Waiver
of Jury Trial 
 Each of the parties hereto irrevocably waives trial by jury in any action or proceeding with respect to this
Amendment or any other Loan Document. 
 [Signature Pages Follow] 

 IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first written above. 
  

			
	 CONSTAR INTERNATIONAL INC. 
 as Borrower

		
	By:	 	/s/ Walter S. Sobon
	Name:	 	Walter S. Sobon
	Title:	 	 Executive Vice President and Chief
 Financial
Officer

	
	 CITICORP USA, INC.,
 as Administrative Agent, Swing Loan Lender
 and
Lender

		
	By:	 	/s/ David Jaffe
	Name:	 	David Jaffe
	Title:	 	Director and Vice President
	
	 WELLS FARGO FOOTHILL, LLC
 as Lender

		
	By:	 	/s/ Dennis King
	Name:	 	Dennis King
	Title:	 	Vice President
	
	 STATE OF CALIFORNIA PUBLIC EMPLOYEES’
RETIREMENT SYSTEM,
 as Lender

		
	By:	 	/s/ Mike Claybar
	Name:	 	Mike Claybar
	Title:	 	Investment Officer

 [Constar Amendment No. 3 Signature Page] 

			
	Guarantors:
	
	 CONSTAR INTERNATIONAL U.K. LIMITED,
 as Guarantor

		
	By:	 	/s/ Frank Edward Gregory
	Name:	 	Frank Edward Gregory
	Title:	 	Vice President, European Operations
	
	 CONSTAR, INC.,
 as Guarantor

		
	By:	 	/s/ Walter S. Sobon
	Name:	 	Walter S. Sobon
	Title:	 	Vice President and Chief Financial Officer
	
	 BFF INC.,
 as Guarantor

		
	By:	 	/s/ Walter S. Sobon
	Name:	 	Walter S. Sobon
	Title:	 	Vice President and Chief Financial Officer
	
	 DT, INC.,
 as Guarantor

		
	By:	 	/s/ Walter S. Sobon
	Name:	 	Walter S. Sobon
	Title:	 	Vice President and Chief Financial Officer
	
	 CONSTAR FOREIGN HOLDINGS,
INC.,
 as Guarantor

		
	By:	 	/s/ Walter S. Sobon
	Name:	 	Walter S. Sobon
	Title:	 	Vice President and Chief Financial Officer

 [Constar Amendment No. 3 Signature Page]

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