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Exhibit 4.1  

  
 

    AMENDMENT NO. 6 AND WAIVER
  TO
  AMENDED AND RESTATED CREDIT AGREEMENT    
  

    This Amendment No. 6 and Waiver (this "Amendment") to the "Credit Agreement" (defined below) is entered into as of April 10, 2001 by and among
ARCHIBALD CANDY CORPORATION, an Illinois corporation (the "Borrower"), the financial institutions party to the Credit Agreement (collectively, the "Lenders") and BANK ONE, NA, formerly known as THE
FIRST NATIONAL BANK OF CHICAGO, as one of the Lenders and in its capacity as contractual representative (the "Agent") on behalf of itself and the other Lenders. 

RECITALS: 

    WHEREAS,
the Borrower, the Lenders and the Agent have entered into that certain Amended and Restated Credit Agreement dated as of July 2, 1997, as amended (the "Credit
Agreement"); 

    WHEREAS,
the Borrower has notified the Lenders and the Agent that the Borrower wishes to amend the Credit Agreement in certain respects; 

    WHEREAS,
the Borrower also has notified the Lenders and the Agent that, for the period beginning June 1, 2000 and ending February 24, 2001, EBITDA for the Borrower and
its Subsidiaries was less than $23,375,000 (the "EBITDA Deficiency"); 

    WHEREAS,
the EBITDA Deficiency has caused a breach of Section 6.4(B) of the Credit Agreement and a Default under the Credit Agreement; 

    WHEREAS,
the Borrower has requested that the Lenders and the Agent waive such Default; 

    WHEREAS,
the Lenders and the Agent are willing to amend the Credit Agreement and waive the aforementioned Default on the terms and conditions herein set forth; 

    NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

    1.  Defined Terms.  Capitalized terms used herein and not otherwise defined herein shall have the
meanings attributed to such terms in the Credit Agreement. 

    2.  Amendments to Credit Agreement.  Upon the effectiveness of this Amendment in accordance with the
provisions of Section 4 below, the Credit Agreement is hereby amended as follows: 

	(a)
	The
definition of "Aggregate Revolving Loan Commitment" set forth in  Section 1.1 of the Credit Agreement is hereby amended in its entirety as follows:

    "Aggregate Revolving Loan Commitment" means the aggregate Revolving Loan Commitments of all the Lenders, as reduced from time to time
pursuant to the terms hereof. The Aggregate Revolving Loan Commitment shall equal, subject to the aforementioned reductions, the following amounts during the following periods: 

	Aggregate Revolving Loan Commitment
 
	 	Period

	$20,000,000	 	April 10, 2001 through and including April 17, 2001
	$15,000,000	 	April 18, 2001 through and including April 30, 2001
	$12,000,000	 	May 1, 2001 through and including June 3, 2001
	$10,000,000	 	June 4, 2001 through and including the Termination Date

	(b)
	The
definition of "Applicable Commitment Fee Rate" set forth in Section 1.1 of
the Credit Agreement is hereby amended in its entirety as follows: 

    "Applicable Commitment Fee Rate" means, from and after April 10, 2001, a per annum rate equal to 1.00%. 

 

	(c)
	The
definition of "Applicable Eurodollar Margin" set forth in Section 1.1 of
the Credit Agreement is hereby amended in its entirety as follows: 

    "Applicable Eurodollar Margin" means (i) for the period beginning April 10, 2001 and ending April 14, 2001, a per
annum rate equal to three and one-half percent (3.5%), (ii) for the period beginning April 15, 2001 and ending May 15, 2001, a per annum rate equal to four percent
(4.00%), and (iii) thereafter, a per annum rate equal to five percent (5.00%). 

	(d)
	The
definition of "Applicable Floating Rate Margin" set forth in Section 1.1
of the Credit Agreement is hereby amended in its entirety as follows: 

    "Applicable Floating Rate Margin" means (i) for the period beginning April 10, 2001 and ending April 14, 2001, a
per annum rate equal to two and one-quarter percent (2.25%), (ii) for the period beginning April 15, 2001 and ending May 15, 2001, a per annum rate equal to two and
three-quarters percent (2.75%), and (iii) thereafter, a per annum rate equal to three and three-quarters percent (3.75%). 

	(e)
	The
definition of "Applicable Letter of Credit Fee Rate" set forth in  Section 1.1 of the Credit Agreement is hereby amended in its entirety as follows:

    "Applicable Letter of Credit Fee Rate" means (i) for the period beginning April 10, 2001 and ending April 14,
2001, a per annum rate equal to three and one-half percent (3.5%), (ii) for the period beginning April 15, 2001 and ending May 15, 2001, a per annum rate equal to four
percent (4.00%), and (iii) thereafter, a per annum rate equal to five percent (5.00%). 

	(f)
	The
definition of "Termination Date" set forth in Section 1.1 of the Credit
Agreement is hereby amended to delete therefrom the date "April 15, 2001" and to substitute therefor the date "June 15, 2001."

	(g)
	Section 2.14 (C) (1) of the Credit Agreement is hereby amended in its entirety as follows: 

    (1) The
Borrower shall pay to the Agent, for the account of each of the Lenders, in accordance with their Pro Rata Shares, a commitment fee equal to the Applicable
Commitment Fee Rate times each such Lender's undrawn Revolving Loan Commitment, which commitment fee shall be payable quarterly in arrears on the last
calendar day of each February, May, August and November until the Termination Date. 

	(h)
	Exhibit A to the Credit Agreement is hereby deleted therefrom and the attached  Exhibit A is hereby substituted
therefor. 

    3.  Waiver.  Upon the effectiveness of this Amendment in accordance with the provisions of  Section 4 below, the Lenders and the Agent hereby
waive the Default caused by the EBITDA Deficiency. 

    4.  Conditions of Effectiveness.  This Amendment shall become effective and be deemed effective as of the
date hereof (the "Effective Date") if, and only if, the Agent shall have received each of the following: 

    (a) four
(4) duly executed originals of this Amendment from the Borrower, the Agent and the Lenders; 

    (b) an
amendment and arrangement fee of $60,000 for the ratable benefit of the Lenders; 

    (c) Reaffirmation
of Guaranty executed by Fannie May Holdings, Inc., Sweet Factory, Inc., Sweet Factory Group, Inc., SF Candy Company and SF
Properties, Inc.; 

    (d) written
certification from an officer of the Borrower that (i) on the Effective Date, no Default or Unmatured Default has occurred and is continuing and
(ii) execution, delivery and effectiveness of this Amendment do not and will not conflict with the terms and conditions of the 

2

 

Senior Note Indenture and do not and will not trigger an "Event of Default" under the Senior Note Indenture; 

    (e) the
Agent shall have received an executed copy of Amendment No. 1 to the Canadian Credit Agreement and such Amendment No. 1 shall be in full force and
effect; and 

    (f)  the
Agent shall have received evidence satisfactory to it that the Borrower and TCW Capital, Inc. have resolved to the Agent's satisfaction those issues
previously identified by the Borrower to the Agent relating to certain payments due to TCW Capital, Inc. from the Borrower on or about November 1, 2001. 

    5.  Representations and Warranties of the Borrower.  

    5.1 The
Borrower represents and warrants as of the date hereof that: 

	(a)
	Its
execution, delivery and performance of this Amendment are within its corporate powers, have been duly authorized by all necessary corporate action and do not require any consent
or approval which has not been obtained and

	(b)
	This
Amendment and the Credit Agreement as amended hereby are its legal, valid and binding obligations, enforceable in accordance with their respective terms, except as enforcement
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights generally or by general equitable principles. 

    5.2 The
Borrower affirms that the representations and warranties contained in the Credit Agreement are true and correct as of the Effective Date. 

    5.3 The
Borrower affirms that each of the Collateral Documents is in full force and effect as of the date hereof and that the Collateral Documents secure the payment in
full of the Secured Obligations. 

    6.  Reference to and Effect on the Credit Agreement.  

    6.1 Upon
the effectiveness of this Amendment pursuant to Section 4 hereof, on and after the Effective Date each
reference in the Credit Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of like import and each reference to the Credit Agreement in each Loan Document shall mean and be a
reference to the Credit Agreement as modified hereby. 

    6.2 Except
as specifically waived or amended herein, all of the terms, conditions and covenants of the Credit Agreement and the other Loan Documents shall remain in
full force and effect and are hereby ratified and confirmed. 

    6.3 The
execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of (a) any right, power or
remedy of any Lender or the Agent under the Credit Agreement or any of the Loan Documents, or (b) any Default or Unmatured Default under the Credit Agreement. 

    7.  CHOICE OF LAW.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING 735
ILCS 105/5-1 ET SEQ. BUT OTHERWISE WITHOUT
REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS. 

    8.  Counterparts.  This Amendment may be executed in any number of counterparts, each of which when so
executed shall be deemed an original and all of which taken together shall constitute one and the same agreement. 

    9.  Headings.  Section headings in this Amendment are included herein for convenience of reference only
and shall not constitute a part of this Amendment for any other purpose. 

THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK  

3

    IN WITNESS WHEREOF, the Borrower, the Agent and the Lenders have executed this Amendment No. 6 as of the date first above written. 

	

 	
 	

ARCHIBALD CANDY CORPORATION
	

 	
 	

By:	
 	

/s/ RICHARD J. ANGLIN   

	 	 	Name:	 	Richard J. Anglin
	 	 	Title:	 	Vice President and CFO
	

 	
 	

BANK ONE, NA, formerly known as The First National Bank of Chicago, individually and as Agent
	

 	
 	

By:	
 	

/s/ DIANE M. FAUNDA   

	 	 	Name:	 	Diane M. Faunda
	 	 	Title:	 	Vice President
	

 	
 	

FLEET BUSINESS CREDIT CORPORATION,

formerly known as Sanwa Business Credit Corporation
	

 	
 	

By:	
 	

/s/ DONALD A. MASTRO   

	 	 	Name:	 	Donald A. Mastro
	 	 	Title:	 	Vice President

	
Agreed and acknowledged

this 10th day of April, 2001	
 	

 
	

BANK ONE, CANADA, formerly known as

First Chicago NBD Bank, Canada	
 	

 
	

By:	
 	

/s/ RANDALL TAYLOR   
	
 	

 
	Name:	 	Randall Taylor	 	 
	Title:	 	Senior Vice President	 	 

 
 

EXHIBIT A
  TO
  AMENDED AND RESTATED CREDIT AGREEMENT
  
    Loan Commitments    
  

Revolving Loan Commitments  

Lenders  

Bank
One, NA 

	Revolving Loan Commitment
	 	Period such commitment is in effect
	 	% of Revolving

Loan Commitment
	 
	$	10,000,000	 	April 10, 2001 through and including April 17, 2001	 	50	%
	$	7,500,000	 	April 18, 2001 through and including April 30, 2001	 	50	%
	$	6,000,000	 	May 1, 2001 through and including June 3, 2001	 	50	%
	$	5,000,000	 	June 4, 2001 through and including the Termination Date	 	50	%

Fleet Business Credit Corporation 

	Revolving Loan Commitment
	 	Period such commitment is in effect
	 	% of Revolving

Loan Commitment
	 
	$	10,000,000	 	April 10, 2001 through and including April 17, 2001	 	50	%
	$	7,500,000	 	April 18, 2001 through and including April 30, 2001	 	50	%
	$	6,000,000	 	May 1, 2001 through and including June 3, 2001	 	50	%
	$	5,000,000	 	June 4, 2001 through and including the Termination Date	 	50	%

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AMENDMENT NO. 6 AND WAIVER TO AMENDED AND RESTATED CREDIT AGREEMENT

EXHIBIT A TO AMENDED AND RESTATED CREDIT AGREEMENT Loan CommitmentsPrepared by MERRILL CORPORATION www.edgaradvantage.com

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Exhibit 4.2  

  
 

    AMENDMENT NO. 1 AND WAIVER TO CREDIT AGREEMENT    
  

    This Amendment No. 1 and Waiver (this "Amendment") to the "Credit Agreement" (defined below) is entered into as of April 10, 2001 by and between
ARCHIBALD CANDY (CANADA) CORPORATION (the "Borrower") and BANK ONE CANADA, formerly known as First Chicago NBD Bank, Canada, as Lender (the "Lender"). 

RECITALS: 

    WHEREAS,
the Borrower and the Lender have entered into that certain Credit Agreement dated as of July 30, 1999 (as the same may be amended, restated, supplemented or otherwise
modified from time to time, the "Credit Agreement"); 

    WHEREAS,
the Borrower has notified the Lender that the Borrower wishes to amend the Credit Agreement in certain respects; 

    WHEREAS,
the Borrower also has notified the Lenders and the Agent that, for the period beginning June 1, 2000 and ending February 24, 2001, EBITDA as tested under the
Credit Agreement was less than $23,375,000 (the "EBITDA Deficiency"); 

    WHEREAS,
the EBITDA Deficiency has caused a Default under the Credit Agreement; 

    WHEREAS,
the Borrower has requested that the Lender waive such Default; and 

    WHEREAS,
the Lender is willing to waive such Default and amend the Credit Agreement on the terms and conditions herein set forth; 

    NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

    1.  Defined Terms.  Capitalized terms used herein and not otherwise defined herein shall have the
meanings attributed to such terms in the Credit Agreement. 

    2.  Waiver.  Upon the effectiveness of this Amendment in accordance with the provisions of
Section 4 below, the Lender hereby waives the Default caused by the EBITDA Deficiency. 

    3.  Amendments to Credit Agreement.  Upon the effectiveness of this Amendment in accordance with the
provisions of Section 4 below, the Credit Agreement is hereby amended as follows: 

	(a)
	The
definition of "Canadian Prime Rate" set forth in Section 1.1 of the Credit
Agreement is hereby amended to delete therefrom the period at the end thereof and to substitute therefore the following: "plus (i) at any time
during the period beginning April 10, 2001 and ending April 14, 2001, 2.25%, (ii) at any time during the period beginning April 15, 2001 and ending May 15, 2001,
2.75%, and (iii) at any time thereafter, 3.75%."

	(b)
	The
definition of "Maturity Date" set forth in Section 1.1 of the Credit
Agreement is hereby amended to delete therefrom the date "April 15, 2001" and to substitute therefor the date "June 15, 2001."

	(c)
	The
definition of "Maximum Revolving Loan Amount" set forth in Section 1.1 of
the Credit Agreement is hereby amended in its entirety as follows: 

    "Maximum Revolving Loan Amount" means, on any date of determination, the lesser of (i) the Commitment at such time and
(ii) the amount by which the lesser of the "Aggregate Revolving Loan Commitment" as defined in the U.S. Credit Agreement and the Borrowing Base on such date exceeds the Obligations. 

 

    4.  Conditions of Effectiveness.  This Amendment shall become effective and be deemed effective as of the
date hereof (the "Effective Date") if, and only if, the Lender shall have received each of the following: 

	(a)
	four
(4) duly executed originals of this Amendment from the Borrower;

	(b)
	Reaffirmations
of Guarantees executed by Archibald Candy Corporation, Sweet Factory, Inc., Sweet Factory Group, Inc., SF Candy Company and SF Properties, Inc.;

	(c)
	a
fully executed copy of Amendment No. 6 to the U.S. Credit Agreement and evidence satisfactory to it that the conditions precedent to the effectiveness of such Amendment
No. 6 have been fully satisfied. 

    5.  Representations and Warranties of the Borrower.  

    5.1 The
Borrower represents and warrants as of the date hereof that: 

	(a)
	Its
execution, delivery and performance of this Amendment are within its corporate powers, have been duly authorized by all necessary corporate action and do not require any consent
or approval which has not been obtained and

	(b)
	This
Amendment and the Credit Agreement as amended hereby are its legal, valid and binding obligations, enforceable in accordance with their respective terms, except as enforcement
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights generally or by general equitable principles. 

    5.2 The
Borrower affirms that the representations and warranties contained in the Credit Agreement are true and correct as of the Effective Date. 

    5.3 The
Borrower affirms that each of the Security Documents is in full force and effect as of the date hereof and that the Security Documents secure the payment in
full of the Accommodations Outstanding. 

    6.  Reference to and Effect on the Credit Agreement.  

    6.1 Upon
the effectiveness of this Amendment pursuant to Section 4 hereof, on and after the Effective Date each
reference in the Credit Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of like import and each reference to the Credit Agreement in each Credit Document shall mean and be a
reference to the Credit Agreement as modified hereby. 

    6.2 Except
as specifically waived or amended herein, all of the terms, conditions and covenants of the Credit Agreement and the other Credit Documents shall remain in
full force and effect and are hereby ratified and confirmed. 

    6.3 The
execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of (a) any right, power or
remedy of any Lender or the Agent under the Credit Agreement or any of the Credit Documents, or (b) any Default under the Credit Agreement. 

    7.  CHOICE OF LAW.  THIS AMENDMENT SHALL BE GOVERNED BY AND INTERPRETED AND ENFORCED IN ACCORDANCE WITH
THE LAWS OF THE PROVINCE OF ONTARIO AND THE LAWS OF CANADA APPLICABLE THEREIN. 

    8.  Counterparts.  This Amendment may be executed in any number of counterparts, each of which when so
executed shall be deemed an original and all of which taken together shall constitute one and the same agreement. 

    9.  Headings.  Section headings in this Amendment are included herein for convenience of reference only
and shall not constitute a part of this Amendment for any other purpose. 

2

    IN WITNESS WHEREOF, the Borrower, the Agent and the Lenders have executed this Amendment as of the date first above written. 

	

 	
 	

ARCHIBALD CANDY (CANADA) CORPORATION
	

 	
 	

By:	
 	

/s/ RICHARD J. ANGLIN   

	 	 	Name:	 	Richard J. Anglin
	 	 	Title:	 	Vice President and CFO
	

 	
 	

BANK ONE CANADA, formerly known as First Chicago NBD Bank, Canada
	

 	
 	

By:	
 	

/s/ RANDALL TAYLOR   

	 	 	Name:	 	Randall Taylor
	 	 	Title:	 	Senior Vice President

	
Agreed and acknowledged

this 10th day of April, 2001	
 	

 
	

FLEET BUSINESS CREDIT CORPORATION,

formerly known as Sanwa Business Credit Corporation	
 	

 
	

By:	
 	

/s/ DONALD A. MASTRO   
	
 	

 
	Name:	 	Donald A. Mastro	 	 
	Title:	 	Vice President	 	 
	

BANK ONE, NA, formerly known as

The First National Bank of Chicago	
 	

 
	

By:	
 	

/s/ DIANE M. FAUNDA   
	
 	

 
	Name:	 	Diane M. Faunda	 	 
	Title:	 	Vice President	 	 

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AMENDMENT NO. 1 AND WAIVER TO CREDIT AGREEMENT

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