Document:

WWW.EXFILE.COM, INC. -- 888-775-4789 -- NORTH AMERICAN GALVANIZING & COATINGS, INC. -- EXHIBIT 10.1 TO FORM 10-Q

    EXHIBIT
10.1 – Form of Restricted Stock Award

    

    NORTH
AMERICAN GALVANIZING AND COATINGS, INC.

     

    RESTRICTED
STOCK AWARD AGREEMENT

     

    THIS
RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”), dated as of ________, ___
(the “Date of Grant”), is made by and between North American Galvanizing and
Coatings, Inc., a Delaware corporation (the “Company”), and
_____________________ (the “Participant”).

     

    WHEREAS,
the Company has adopted the North American Galvanizing and Coatings, Inc., 2004
Incentive Stock Plan (the “Plan”), which Plan is incorporated herein by
reference and made a part of this Agreement;

     

    WHEREAS,
the Plan provides for the grant of forfeitable shares of the Company’s Common
Stock, (“Restricted Stock”); and

     

    WHEREAS,
the Compensation Committee (the “Committee”) of the Board of Directors of the
Company (the “Board”) has determined that it would be in the best interests of
the Company and its stockholders to grant the award of Restricted Stock provided
for herein (the “Restricted Stock Award”) to Participant, on the terms and
conditions described in this Agreement.

     

    NOW
THEREFORE, in consideration of the mutual covenants hereinafter set forth, the
parties hereto agree as follows:

     

    1.    Grant of Restricted Stock
Award.

     

    (a)    Grant.  The
Company hereby grants to Participant a Restricted Stock Award consisting of
___________ shares of Restricted Stock.  The Restricted Stock shall
vest and become non-forfeitable in accordance with this Agreement.

     

    (b)    Incorporation by Reference,
Etc.  Except as otherwise expressly set forth herein, this
Agreement shall be construed in accordance with the provisions of the Plan, and
any capitalized terms not otherwise defined in this Agreement shall have the
definitions set forth in the Plan.  The Committee shall have final
authority to interpret and construe the Plan and this Agreement and to make any
and all determinations under them, and its decision shall be binding and
conclusive upon Participant and his legal representative in respect of any
questions arising under the Plan or this Agreement.

     

    2.    Vesting.  Except
as otherwise provided below with regard to parachute payments subject to Section
280G of the Code, the Restricted Stock shall vest and become nonforfeitable on
the earliest to occur of the following:

     

    
      	
              (a)

            	
               the
      date that is four (4) years after the Date of
  Grant;

            

    

     

    
      	
              (b)

            	
              if
      the Participant is a non-employee director of the Company at the time of
      the grant, the date that is two (2) years after the Date of the
      Grant;

            

    

     

    
      	
              (c)

            	
               the
      date of a Change in Control;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              (d)

            	
              the
      date that the Participant’s employment by the Company or service to the
      Company as a non-employee director is terminated because the Participant
      is disabled within the meaning of Section 409A of the
  Code;

            

    

     

    
      	
              (e)

            	
              the
      date of the Participant’s death, but only if death occurs while the
      Participant is employed by the Company or providing services to the
      Company as a non-employee director.

            

    

     

    3.    Parachute
Payments.  In the event that the vesting of the Restricted
Stock pursuant to a Change in Control would result in an “excess parachute
payment” as that term is defined in Section 280G of the Code, the amount of
Restricted Stock vesting as a result of the Change in Control shall be reduced
to the extent necessary to eliminate the excess parachute
payment.  Any Restricted Stock not vesting because of this paragraph
shall continue to vest pursuant to the other provisions of this
Agreement.

     

    4.    Tax
Withholding.  Participant shall pay to the Company promptly
upon request, and in any event at the time Participant recognizes taxable income
in respect of the Restricted Stock Award, an amount equal to the taxes the
Company determines it is required to withhold under applicable tax laws with
respect to the Restricted Stock. Such payment shall be made, at Participant’s
election, in the form of cash or in an amount or Restricted Stock with a Fair
Market Value equal to such withholding liability.

     

    5.    Certificates.  Certificates
evidencing the Restricted Stock shall be issued by the Company and shall be
registered in Participant’s name on the stock transfer books of the Company
promptly after the date hereof, but the certificates shall remain in the
physical custody of the Company or its designee at all times prior to, in the
case of any particular share of Restricted Stock, the date on which such share
vests (the “Vesting Date”). As a condition to the receipt of this Restricted
Stock Award, Participant shall deliver to the Company a stock power, duly
endorsed in blank, relating to the Restricted Stock.

     

    6.    Forfeiture of Restricted
Stock.  Unvested Restricted Stock shall be forfeited if the
Participant’s employment by or service to the Company is terminated for any
reason before the Vesting Date; provided however, that the Restricted Stock will
not be forfeited so long as the Participant is serving as either an employee or
director.

     

    7.    Rights as a Stockholder;
Dividends.  Participant shall not be deemed for any purpose to
be the owner of any Restricted Stock unless and until (a) the Company shall
have issued the Restricted Stock in accordance with this Agreement and
(b) Participant’s name shall have been entered as a stockholder of record
with respect to the Restricted Stock on the books of the
Company.  Upon the fulfillment of the conditions in (a) and (b) of
this Paragraph, Participant shall be the record owner of the Restricted Stock
unless and until such shares are forfeited pursuant to this Agreement or sold or
otherwise disposed of.  As record owner, the Participant shall be
entitled to all rights of a common stockholder of the Company, including,
without limitation, voting rights, if any, with respect to the Restricted Stock;
provided that any cash or in-kind dividends paid with respect to unvested
Restricted Stock shall be paid as provided in the Plan.  As soon as
practicable following the vesting of any Restricted Stock, certificates for such
vested Restricted Stock shall be delivered to Participant or to Participant’s
legal representative along with the stock powers relating thereto.

     

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

    8.    Restrictive
Legend.  All certificates representing Restricted Stock shall
have affixed thereto a legend in substantially the following form, in addition
to any other legends that may be required under federal or state securities
laws:

     

    THE
SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON
TRANSFER SET FORTH IN THE NORTH AMERICAN GALVANIZING AND COATINGS, INC. 2004
INCENTIVE STOCK PLAN AND A RESTRICTED STOCK AWARD AGREEMENT BETWEEN NORTH
AMERICAN GALVANIZING AND COATINGS, INC. AND THE REGISTERED OWNER OF THIS
CERTIFICATE (OR HIS PREDECESSOR IN INTEREST). WHICH AGREEMENT IS BINDING UPON
ANY AND ALL OWNERS OF ANY INTEREST IN SAID SHARES.  THE PLAN AND
AGREEMENT ARE AVAILABLE FOR INSPECTION WITHOUT CHARGE AT THE PRINCIPAL OFFICE OF
NORTH AMERICAN GALVANIZING AND COATINGS, INC. AND COPIES THEREOF WILL BE
FURNISHED WITHOUT CHARGE TO ANY OWNER OF SAID SHARES UPON REQUEST.

     

    9.    Transferability.  The
Restricted Stock may not, at any time prior to becoming vested, be assigned,
alienated, pledged, attached, sold or otherwise transferred or encumbered by
Participant and any such purported assignment, alienation, pledge, attachment,
sale, transfer or encumbrance shall be void and unenforceable against the
Company; provided that the designation of a beneficiary shall not constitute an
assignment, alienation, pledge, attachment, sale, transfer or
encumbrance.

     

    10.    Adjustments for Stock
Splits, Stock Dividends, etc.

     

    (a)    If from
time to time during the term of the Agreement there is any stock split up, stock
dividend, stock distribution or other reclassification of the Common Stock, any
and all new, substituted or additional securities to which Participant is
entitled by reason of his ownership of the Restricted Stock shall be immediately
subject to the terms of the Agreement.

     

    (b)    If the
Common Stock is converted into or exchanged for, or stockholders of the Company
receive by reason of any distribution in total or partial liquidation,
securities of another corporation, or other property (including cash), pursuant
to any merger of the Company or acquisition of its assets, then the rights of
the Company under the Agreement shall inure to the benefit of the Company’s
successor and the Agreement shall apply to the securities or other property
received upon such conversion, exchange or distribution in the same manner and
to the same extent as the Restricted Stock.

     

    11.    Confidentiality of the
Agreement.  Participant agrees to keep confidential the terms
of this Agreement, unless and until such terms have been disclosed publicly
other than through a breach by Participant of this covenant.  This
provision does not prohibit Participant from providing this information on a
confidential and privileged basis to Participant’s attorneys or accountants for
purposes of obtaining legal or tax advice or as otherwise required by
law.

     

    12.    Waiver.  Any
right of the Company contained in this Agreement may be waived in writing by the
Board.  No waiver of any right hereunder by any party shall operate as
a waiver of any other right, or as a waiver of the same right with respect to
any subsequent occasion for its exercise, or as a waiver of any right to
damages.  No waiver by any party of any breach of this Agreement shall
be held to constitute a waiver of any other breach or a waiver of the
continuation of the same breach.

     

    
      
         

      

      
        - 3
-

        
          

        

      

      
         

      

    

    13.    Notices.  All
notices, demands and other communications provided for or permitted hereunder
shall be made in writing and shall be by registered or certified first-class
mail, return receipt requested, facsimile, courier service or personal
delivery:

     

    if to the
Company:

     

    North
American Galvanizing and Coatings, Inc.

     

    _____________________________

     

    _____________________________

     

    _____________________________

    Facsimile:

    Attention:

     

    with a
copy to:

     

    Hall,
Estill, Hardwick, Gable, Golden & Nelson

    320 South
Boston Avenue

    Suite
200

    Tulsa, OK
74103

    Facsimile:
(918) 594-0505

     

    Attention:
Del L. Gustafson

     

    if to
Participant:

     

    ______________________________

     

    ______________________________

     

    ______________________________

     

    All such
notices, demands and other communications shall be deemed to have been duly
given when delivered by hand, if personally delivered; when delivered by
courier, if delivered by commercial courier service; five (5) business days
after being deposited in the mail, postage prepaid, if mailed; and when receipt
is mechanically acknowledged, if by facsimile.

     

    14.    Severability.  The
invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement,
and each other provision of this Agreement shall be severable and enforceable to
the extent permitted by law.

     

    15.    No Rights to
Employment.  Nothing contained in this Agreement shall be
construed as giving Participant any right to be retained, in any position, as an
employee, consultant or director of the Company or its Affiliates or shall
interfere with or restrict in any way the right of the Company or its
Affiliates, which are hereby expressly reserved, to remove, terminate or
discharge Participant at any time for any reason whatsoever.

     

    16.    Beneficiary.  Participant
may file with the Committee a written designation of a beneficiary on such form
as may be prescribed by the Committee and may, from time to time, amend or
revoke such designation.  If no designated beneficiary survives
Participant, Participant’s estate shall be deemed to be Participant’s
beneficiary.

     

    
      
         

      

      
        - 4
-

        
          

        

      

      
         

      

    

    17.    Successors.  The
terms of this Agreement shall be binding upon and inure to the benefit of the
Company and its successors and assigns, and of Participant and the
beneficiaries, executors, administrators, heirs and successors of
Participant.

     

    18.    Entire
Agreement.  This Agreement, the Plan and the Stockholder
Agreement contain the entire agreement and understanding of the parties hereto
with respect to the subject matter contained herein and supersede all prior
communications, representations and negotiations in respect
thereto.  No change, modification or waiver of any provision of this
Agreement shall be valid unless the same be in writing and signed by the parties
hereto.

     

    19.    Modifications.  No
change, modification or waiver of any provision of this Agreement shall be valid
unless the same be in writing and signed by the parties hereto.

     

    20.    Bound by
Plan.  By signing this Agreement, Participant acknowledges that
he has received a copy of the Plan and has had an opportunity to review the Plan
and agrees to be bound by all the terms and provisions of the Plan.

     

    21.    Governing
Law.  This Agreement shall be construed and interpreted in
accordance with the laws of the State of Delaware without regard to principles
of conflicts of law thereof, or principals of conflicts of laws of any other
jurisdiction which could cause the application of the laws of any jurisdiction
other than the State of Delaware.

     

    22.    JURY TRIAL
WAIVER.  THE PARTIES EXPRESSLY AND KNOWINGLY WAIVE ANY RIGHT TO
A JURY TRIAL IN THE EVENT ANY ACTION ARISING UNDER OR IN CONNECTION WITH THIS
AGREEMENT IS LITIGATED OR HEARD IN ANY COURT.

     

    23.    Headings.  The
headings of the Sections hereof are provided for convenience only and are not to
serve as a basis for interpretation or construction, and shall not constitute a
part, of this Agreement.

     

    24.    Signature in
Counterparts.  This Agreement may be signed in counterparts,
each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument.

     

    [Remainder
of page intentionally left blank; signature page to follow]

     

    
      
         

      

      
        - 5
-

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
parties hereto have executed this Agreement.

     

    
      	 	
              North
      American Galvanizing and Coatings, Inc.

            
	 	
              By:

            	 
      
	 	
              Title:

            	 
      
	 	
               

               

              Attest:

            
	 	
              By:

            	 
      
	 	 	Secretary 

    

     

     

    
      	 	 	 
	 	
              Participant

            	
              ___________________________________

            

    

    

     

    

     

    
      
         

      

      
        - 6
-Exhibit 10.1

 

SECOND AMENDMENT TO

 

2007 AMENDED AND RESTATED CREDIT AGREEMENT

 

Parties:

 

	
  “Lender”:

  	
   

  	
  Wells
  Fargo Bank, National Association 

  MAC U1858-032 

  877 W. Main Street, 3rd Floor 

  Boise, ID 83702 

  Attention: Brian W. Cook

  
	
   

  	
   

  	
   

  
	
  “Borrower”:

  	
   

  	
  Coldwater
  Creek Inc. 

  One Coldwater Creek Drive 

  Sandpoint, ID 83864 

  Attention: CFO

  

 

Execution
Date:  As of April 16, 2008

 

Recitals:

 

A.            Lender and Borrower have
entered into that certain 2007 Amended and Restated Credit Agreement dated as
of February 13, 2007, and that certain First Amendment to 2007 Amended and
Restated Credit Agreement dated as of October 15, 2007 (the “First Amendment” and as further amended, modified, or
supplemented from time to time, the “Credit Agreement”),
pursuant to which Lender has extended certain credit facilities to Borrower
under the terms and conditions set forth in the Credit Agreement.

 

B.            Borrower desires to modify
the minimum Fixed Charge Coverage Ratio financial covenant set forth in the
Credit Agreement and has requested that Lender agree to certain other
amendments to the Credit Agreement, as set forth in this Second Amendment to
2007 Amended and Restated Credit Agreement (“Second
Amendment”).

 

Agreement:

 

Now, therefore, in consideration of the mutual
covenants and agreements herein contained and other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto hereby agree as follows:

 

1.             Amendments to Credit
Agreement.  The Credit
Agreement is amended effective as of February 3, 2008, as follows:

 

1.1           Section 1.1
of the Credit Agreement is hereby amended as follows:

 

 

1.1.1        The definition
of “Consolidated Tangible Net Worth” is hereby deleted in its entirety and
replaced with the following:

 

“Consolidated Tangible Net Worth” shall mean, as of any date of
determination, the Net Worth of the Loan Parties, on a consolidated basis, on
such date minus all Intangible Assets of the Loan Parties.

 

1.1.2        The definition
of “Intangible Assets” is hereby deleted in its entirety and replaced with the
following:

 

“Intangible Assets” shall mean assets other than, and excluding,
software, that are considered to be intangible assets under GAAP, including
customer lists, goodwill, copyrights, trade names, trade marks, patents,
unamortized deferred charges, unamortized debt discount and capitalized
research and development costs.

 

1.1.3        The following
definition is hereby added:

 

“Liquidity” means, without duplication, cash and cash
equivalents as determined in accordance with GAAP, consistently applied, owned
by Borrower free and clear of all Liens, provided, however, that
notwithstanding the foregoing, for purposes of the definition of “Liquidity”
only those cash equivalents that comply with the terms and conditions of items
1, 2, 3, 4, and 5 of Borrower’s investment policy guidelines (which are
attached to the Second Amendment as Exhibit B)
shall be used in determining the amount of cash equivalents.

 

1.1.4        The definition
of “Pricing Grid” is hereby deleted in its entirety and replaced with the
following:

 

“Pricing Grid” shall mean:

 

Pricing Grid

(rates are expressed in basis points per annum)

 

(One basis point equals .01%)

 

2

 

	
  Tier

  	
   

  	
  Leverage Ratio

  	
   

  	
  Applicable 

  Margin for 

  LIBOR 

  Loans (bps)

  	
   

  	
  Applicable Margin 

  for Base Rate 

  Loans (including

  Sweep Loans) (bps)

  	
   

  	
  Applicable 

  Margin for 

  Prime Rate 

  Loans (bps)

  	
   

  	
  Unused 

  Commitment 

  Fee Percentage 

  (bps)

  	
   

  
	
  1

  	
   

  	
  <
  1.50

  	
   

  	
  87.5

  	
   

  	
  87.5

  	
   

  	
  0

  	
   

  	
  12.5

  	
   

  
	
  2

  	
   

  	
  > 1.50, <
  2.00

  	
   

  	
  120.0

  	
   

  	
  120.0

  	
   

  	
  0

  	
   

  	
  17.5

  	
   

  
	
  3

  	
   

  	
  > 2.00, <
  2.50

  	
   

  	
  150.0

  	
   

  	
  150.0

  	
   

  	
  0

  	
   

  	
  25.0

  	
   

  
	
  4

  	
   

  	
  > 2.50

  	
   

  	
  180.0

  	
   

  	
  180.0

  	
   

  	
  0

  	
   

  	
  35.0

  	
   

  

 

From and including February 3, 2008, through and including May 3,
2008, the Applicable Margin and Unused Commitment Fee shall be those set forth
in Tier 2.  From and after May 4,
2008, any increase or decrease in the Applicable Margin resulting from a change
in the Leverage Ratio shall become effective as of the first day of the month
after the Compliance Certificate has been timely delivered pursuant to Section 5.1(a) hereof;
provided, however, that if the Compliance Certificate is not
timely delivered for a Fiscal Quarter in accordance with such Section, then
Tier 4 shall apply as of the first day of the month after it was due.

 

1.2           Section 5.1(a) of
the Credit Agreement is hereby amended to add the following subsection:

 

(xii)          As soon as
possible, and in no event later than seven (7) Business Days after the end
of each month prior to the Fiscal Quarter ending May 2, 2009, a Liquidity
certificate of the president, chief executive officer, chief financial officer,
treasurer or vice president of finance of the Borrower in substantially the
form of Exhibit I or such other form as is approved by Lender which
sets forth for the last day of the prior month the Borrower’s Liquidity.

 

1.3           Section 5.2
of the Credit Agreement is hereby amended as follows:

 

1.3.1        Section 5.2(a) is
hereby deleted in its entirety and replaced with the following:

 

(a)           Indebtedness
and Guaranty Obligations. 
Create, incur, assume or permit to exist any Indebtedness or Guaranty
Obligations except for the following (“Permitted Indebtedness”):

 

(i)            Indebtedness or Guaranty Obligations of the Loan
Parties under the Credit Documents;

 

(ii)           Indebtedness of the Loan Parties listed in Schedule
5.2(a) and existing on the date of this Agreement;

 

3

 

(iii)          Guaranty Obligations of any Loan Party in respect of
Permitted Indebtedness of any other Loan Party;

 

(iv)          Indebtedness of the Borrower or any of its
Subsidiaries to any Loan Party; and

 

(v)           [Intentionally omitted.]

 

(vi)          Indebtedness in an amount not to exceed $35,000,000
in the aggregate outstanding at any one time.

 

1.3.2        A new Section 5.2(o) is
hereby added as follows:

 

(o)           Stock
Repurchase Program.  Purchase or
commit to purchase any of Borrower’s stock or other equity interests pursuant
to the Stock Repurchase Program (as defined in the First Amendment) prior to May 2,
2009.

 

1.4           Section 5.3
of the Credit Agreement is hereby amended as follows:

 

1.4.1        Section 5.3(a) is
hereby deleted in its entirety and replaced with the following:

 

(a)           Minimum Fixed
Charge Coverage Ratio.  The
Borrower shall not permit, as of the last day of any Fiscal Quarter of the
Borrower, the Fixed Charge Coverage Ratio of the Loan Parties, on a consolidated
basis, for the most recent ended four (4) consecutive Fiscal Quarters to
be less than :  (i) 1.18 to 1.00 for
the Fiscal Quarter ending May 3, 2008; (ii) 0.88 to 1.00 for the
Fiscal Quarter ending August 2, 2008; (iii) 1.13 to 1.00 for the
Fiscal Quarter ending November 1, 2008; (iv) 1.71 to 1.00 for the
Fiscal Quarter ending January 31, 2009; (v) 1.85 to 1.00 beginning
with the Fiscal Quarter ending May 2, 2009, and continuing as of the last
day of each Fiscal Quarter thereafter, through and including the Fiscal Quarter
ending October 31, 2009; and (vi) 1.90 to 1.00 beginning with the
Fiscal Quarter ending January 30, 2010, and continuing as of the last day
of each Fiscal Quarter thereafter through the Revolving Loan Maturity Date.

 

1.4.2        A new Section 5.3(c) is
hereby added as follows:

 

(c)           Minimum Liquidity.  The Borrower shall at all times prior to the
Fiscal Quarter ending May 2, 2009, maintain Liquidity in an amount not
less than $30,000,000.

 

4

 

1.5           Exhibit H attached to the Credit Agreement is hereby replaced
with Exhibit H attached to this Second Amendment.

 

2.             Payment of Attorneys’ Fees
and Expenses.  Borrower
covenants and agrees to, on or before May 15, 2008, pay Lender the amount
of its attorneys’ fees and expenses incurred by Lender in connection with this
Second Amendment and the prior commitment letter provided to Borrower by
Lender.  Borrower acknowledges and agrees
that the failure to timely make this payment shall be an Event of Default.

 

3.             Conditions to Effectiveness
of this Second Amendment.  The effectiveness of this Second Amendment is
subject to satisfaction, in the Lender’s sole discretion, of each of the
following conditions precedent (the date on which all such conditions precedent
are so satisfied shall be the “Effective Date”):

 

3.1           Representations and Warranties.  The representations and warranties of
Borrower in the Credit Agreement shall be true and correct in all material
respects on and as of the Effective Date as though made on and as of such date.

 

3.2           Delivery of Executed Documents.  Lender shall have received each of the
following:

 

3.2.1        This Second
Amendment, which may be in counterparts, executed by Borrower and Lender.

 

3.2.2        The Guarantors’
Consent and Reaffirmation attached to this Second Amendment as Exhibit A, executed by each of the
Guarantors.

 

3.2.3        A certificate
of the Secretary or an Assistant Secretary of Borrower dated as of the
Execution Date which has attached thereto true and correct copies of resolutions
duly adopted by the board of directors of the Borrower and continuing in
effect, which authorized the execution, delivery, and performance by the
Borrower of the Second Amendment and the consummation of the transaction
contemplated hereby and thereby.

 

3.2.4        A certificate
of the Secretary or an Assistant Secretary of Borrower dated as of the
Execution Date, certifying the incumbency, signatures, and authority of the
officers of the Borrower authorized to execute, deliver, and perform this
Second Amendment.

 

3.3           Amendment Fee.  Lender shall have received from Borrower an
amendment fee in an amount of $25,000.00.

 

4.             General Provisions.

 

4.1           No Other Modifications.  The Credit Agreement, as expressly modified
herein, shall continue in full force and effect and be binding upon the parties
thereto.

 

5

 

4.2           Successors and Assigns.  This Second Amendment shall be binding upon
and inure to the benefit of Borrower and Lender, and their respective
successors and assigns, except that Borrower may not assign or transfer its
rights or obligations hereunder.

 

4.3           Definitions.  Capitalized terms used, but not defined, in
this Second Amendment shall have the meaning set forth in the Credit Agreement.

 

4.4           Severability.  Should any provision of this Second Amendment
be deemed unlawful or unenforceable, said provision shall be deemed several and
apart from all other provisions of this Second Amendment and all remaining
provision of this Second Amendment shall be fully enforceable.

 

4.5           Governing Law.  To the extent not governed by federal law,
this Second Amendment and the rights and obligations of the parties hereto
shall be governed by, interpreted and enforced in accordance with the laws of
the state of Idaho.

 

4.6           Headings.  The
captions or headings in this Second Amendment are for convenience only and in
no way define, limit or describe the scope or intent of any provision of this
Second Amendment.

 

4.7           Counterparts.  This Second Amendment may be executed by the
parties hereto in separate counterparts, each of which, when so executed and
delivered, shall be an original, but all such counterparts shall together
constitute one and the same instrument. 
Each counterpart may consist of a number of copies hereof, each signed
by less than all, but together signed by all, of the parties hereto.  Copies of documents or signature pages bearing
original signatures, and executed documents or signature pages delivered
by a party by telefax, facsimile, or e-mail transmission of an Adobe® file
format document (also known as a PDF file) shall, in each such instance, be
deemed to be, and shall constitute and be treated as, an original signed
document or counterpart, as applicable. 
Any party delivering an executed counterpart of this Second Amendment by
telefax, facsimile, or e-mail transmission of an Adobe® file format document
also shall deliver an original executed counterpart of this Second Amendment,
but the failure to deliver an original executed counterpart shall not affect
the validity, enforceability, and binding effect of this Second Amendment.

 

[Signature page to follow.]

 

6

 

IN WITNESS WHEREOF, the parties hereto have
caused this Second Amendment to be executed as of the Execution Date.

 

	
   

  	
  BORROWER:

  
	
   

  	
   

  
	
   

  	
  COLDWATER
  CREEK INC., a Delaware 

  corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Tim Martin

  
	
   

  	
   

  	
   Tim
  Martin, Senior Vice President and CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LENDER:

  
	
   

  	
   

  
	
   

  	
  WELLS
  FARGO BANK, NATIONAL 

  ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Brian W.
  Cook

  
	
   

  	
   

  	
   Brian W.
  Cook, Vice President/

  
	
   

  	
   

  	
  Sr. Relationship
  Manager

  

 

7

 

EXHIBIT A

 

GUARANTORS’ CONSENT AND REAFFIRMATION

 

Each of the undersigned guarantors of the
indebtedness of Coldwater Creek Inc. (“Borrower”) to Wells Fargo Bank, National
Association (“Lender”) hereby:  (i) consents
to the foregoing Second Amendment to 2007 Amended and Restated Credit Agreement
dated as of April 16, 2008 (the “Second Amendment”); (ii) reaffirms
each and every obligation under the Guaranty Agreement dated as of February 13,
2007, signed by them (as amended, modified, and supplemented from time to time
the “Guaranty”); (iii) reaffirms their waivers of each and every one of
the defenses to such obligations as set forth in the Guaranty; (iv) reaffirms
that their obligations under the Guaranty are separate and distinct from the
obligations of any other party under the 2007 Amended and Restated Credit
Agreement dated as of February 13, 2007 (as amended, modified and
supplemented from time to time the “Credit Agreement”) and the other Credit
Documents described therein; and (v) acknowledges and agrees that the
Lender may amend, restate, extend, renew or otherwise modify the Credit
Agreement and any indebtedness of Borrower thereunder and any agreement of
Borrower executed in connection with the Credit Agreement, or enter into any
agreement or extend any additional or other credit accommodations, without
notifying or obtaining the consent of the undersigned and without impairing the
liability of the undersigned under the Guaranty, all notwithstanding that it
was asked to execute this Guarantors’ Consent and Reaffirmation.

 

Dated as of April 16, 2008

 

	
   

  	
  GUARANTORS:

  
	
   

  	
   

  
	
   

  	
  COLDWATER CREEK THE SPA INC., an 

  Idaho corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ L. Michelle Carlone

  
	
   

  	
  Name: 

  	
    L. Michelle Carlone

  
	
   

  	
  Title:

  	
  Secretary and Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ASPENWOOD ADVERTISING, INC.,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Peter Prandato

  
	
   

  	
  Name:

  	
    Peter Prandato

  
	
   

  	
  Title:

  	
  Secretary and Treasurer

  

 

 

	
   

  	
  C SQUARED, LLC,

  
	
   

  	
  a Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   /s/ Timothy O. Martin

  
	
   

  	
  Name:

  	
    Timothy O. Martin

  
	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  COLDWATER CREEK SOURCING, INC.,

  
	
   

  	
  an Idaho corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   /s/ John K. Leary

  
	
   

  	
  Name:

  	
    John K. Leary

  
	
   

  	
  Title:

  	
  Secretary and Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CWC SOURCING LLC, an Idaho limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   /s/ John K. Leary

  
	
   

  	
  Name:

  	
    John K. Leary

  
	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  COLDWATER CREEK HK LTD.

  
	
   

  	
  a Hong Kong, China corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   /s/ John K. Leary

  
	
   

  	
  Name:

  	
    John K. Leary

  
	
   

  	
  Title:

  	
  Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]