Document:

Exhibit 10.45  

 SIXTH AMENDMENT TO

AMENDED AND RESTATED LOAN AGREEMENT  

        This Sixth Amendment to Amended and Restated Loan Agreement (this "Sixth Amendment") is made as of the 28 th day of September, 2001 by Mrs. Fields'
Original Cookies, Inc., a Delaware corporation ("Borrower"), and LaSalle Bank National Association, a national banking association ("LaSalle"). 

WITNESSETH:  

        WHEREAS, Borrower and LaSalle are all of the parties to that certain Amended and Restated Loan Agreement dated as of February 28, 1998, as amended by that
certain First Amendment to Amended and Restated Loan Agreement dated as of July 31, 1998 (the "First Amendment"), that certain Second Amendment to Amended and Restated Loan Agreement dated as
of April 1, 1999 ("Second Amendment"), that certain Third Amendment to Amended and Restated Loan Agreement dated as of February 1, 2000 ("Third Amendment"), that certain Fourth Amendment
to Amended and Restated Loan Agreement dated as of April 3, 2000 ("Fourth Amendment"), and that certain Fifth Amendment to Amended and Restated Loan Agreement dated as of March 30, 2001
("Fifth Amendment") (the Amended and Restated Loan Agreement, together with the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment and the Fifth Amendment, as further
amended, restated, modified or supplemented and in effect from time to time, being herein referred to as the "Loan Agreement"); and 

        WHEREAS,
Borrower has requested that LaSalle amend the Loan Agreement with respect to certain matters, and LaSalle is agreeable to such request, on and subject to the terms and
conditions set forth herein; 

        NOW,
THEREFORE, the parties hereto hereby agree as follows: 

	1.
	Definitions.
Capitalized terms used herein and not otherwise defined herein are used with the meanings given such terms in the Loan Agreement.

	2.
	Amendment.
The Loan Agreement is hereby amended as follows:

	a.
	By
deleting Section 13.1 in its entirety and replacing it with the following: 

        "Section 13.1
Minimum Debt Service Coverage Ratio. The Borrower shall maintain a minimum Debt Service Coverage Ratio, measured as of the end of any fiscal quarter of the Borrower
and for the four fiscal quarters then ended, of 1.10 to 1.00; provided, however, that the Borrower shall maintain a minimum Debt Service Coverage Ratio,
measured as of September 29, 2001 for the four fiscal quarters of the Borrower then ended, of 0.60 to 1.00; provided further, that for purposes
of this Section 13.1, for any four fiscal quarter period that includes any period of time prior to November 27, 1997 (a "Pre-Reorganization Period"), determination of the
numerator and denominator of the Debt Service Coverage Ratio shall be based on actual consolidated financial information for the Borrower and its Subsidiaries for the period occurring after
November 26, 1997 and pro forma consolidated financial information for the Borrower, The Mrs. Fields' Brand, Inc. and Pretzel Time for the applicable
Pre-Reorganization Period (determined in accordance with GAAP as if the Borrower owned the same interests in The Mrs. Fields' Brand, Inc. and Pretzel Time as it owns on the
date of this Agreement, but subject to the condition that such consolidated financial information of the Borrower with respect to such Pre-Reorganization Period may be adjusted to
eliminate certain historical expenses that are not expected to recur after the consummation of the Pretzel Contributions on November 26, 1997 so long as such adjustments

  
are not deemed to be contrary to the requirements of Regulation S-X under the Securities Act of 1933 (the "Securities Act") by an Accounting Firm and the further condition that, in
calculating the Debt Service Coverage Ratio for any period, to the extent that the proceeds from the incurrence of any Indebtedness are to be used to fund the acquisition of Equity Interests, the
Borrower may include any pro forma adjustments permitted by Regulation S-X under the Securities Act in its calculation of the amount of Free Cash Flow that relates solely to such
acquisition, so long as such pro forma adjustments are not deemed to be contrary to the requirements of Rule 11-02 of Regulation S-X under the Securities Act in
writing by an Accounting Firm.)" 

	b.
	By
deleting Section 13.2 in its entirety and replacing it with the following: 

        "Section 13.2
Maximum Capital Expenditures. The Borrower shall not make any Capital Expenditures, individually or in the aggregate, in excess of $14,000,000 in any fiscal year of
the Borrower; provided, however, that for the fiscal year of Borrower ending December 29, 2001, Borrower shall not make any Capital Expenditures
in excess of $14,000,000, which amount is net of the cost of Borrower's stores built and sold to franchisees during such fiscal year." 

	3.
	Amendment
Fee. Concurrently with the execution hereof, Borrower shall pay to LaSalle an amendment fee of $60,000. Borrower hereby acknowledges and agrees that LaSalle may debit any
account of Borrower or make an advance on the Revolving Loan for the payment of the amendment fee.

	4.
	Representations
and Warranties. Borrower hereby represents, warrants and covenants to LaSalle that:

	a.
	Authorization.
The Borrower is duly authorized to execute and deliver this Sixth Amendment and all deliveries required hereunder, and is and will continue to be duly authorized to
borrow monies under the Loan Agreement, as amended hereby, and to perform its obligations under the Loan Documents.

	b.
	No
Conflicts. The execution and delivery of this Sixth Amendment and all deliveries required hereunder, and the performance by the Borrower of its obligations under the Loan Documents
do not and will not conflict with any provision of law or of the charter or by-laws of the Borrower or of any agreement binding upon the Borrower.

	c.
	Validity
and Binding Effect. This Sixth Amendment and the Loan Documents are a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with
their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general
principles of equity limiting the availability of equitable remedies.

	d.
	No
Events of Default. As of the date hereof, no Default or Event of Default under the Loan Documents has occurred or is continuing.

	e.
	Warranties.
As of the date hereof, the representations and warranties in the Loan Agreement are true and correct as though made on such date, except where a different date is
specifically indicated. 

 

	5.
	Miscellaneous.

	a.
	Captions.
Section captions and headings used in this Sixth Amendment are for convenience only and are not part of and shall not affect the construction of this Sixth Amendment.

	b.
	Governing
Law. This Sixth Amendment shall be a contract made under and governed by the laws of the State of Illinois, without regard to conflict of laws principles. Whenever possible,
each provision of this Sixth Amendment shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Sixth Amendment shall be prohibited by or
invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this
Sixth Amendment.

	c.
	Counterparts.
This Sixth Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall together constitute but one and
the same document.

	d.
	Successors
and Assigns. This Sixth Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

	e.
	References.
From and after the date of execution of this Sixth Amendment, any reference to the Loan Agreement or the other Loan Documents contained in any notice, request, certificate
or other instrument, document or agreement executed concurrently with or after the execution and delivery of this Sixth Amendment shall be deemed to include this Sixth Amendment unless the context
shall otherwise require.

	f.
	Continued
Effectiveness. Notwithstanding anything contained herein, the terms of this Sixth Amendment are not intended to and do not serve to effect a novation as to the Loan
Agreement. The parties hereto expressly do not intend to extinguish the Loan Agreement. Instead, it is the express intention of the parties hereto to reaffirm the indebtedness created under the Loan
Agreement which is evidenced by the Revolving Note provided for therein and secured by the Collateral. The Loan Agreement, except as modified hereby, and each of the other Loan Documents remain in
full force and effect and are hereby reaffirmed in all respects. 

        IN
WITNESS WHEREOF, the parties have executed this Sixth Amendment to Amended and Restated Loan and Security Agreement as of the date first set forth above. 

	 	 	MRS. FIELDS' ORIGINAL COOKIES, INC.,

a Delaware Corporation
	

 	
 	

By:	
 	

/s/  SANDRA M. BUFFA      
	 	 	 	 	

Sandra M. Buffa
 Senior Vice President, CEO
	

 	
 	
LASALLE BANK NATIONAL ASSOCIATION,

a national banking association
	

 	
 	

By:	
 	

/s/  MICHAEL K. KRIZ      
	 	 	 	 	

Michael K. Kriz
 Vice President, Leveraged FinanceExhibit 10.46  

 SEVENTH AMENDMENT TO

AMENDED AND RESTATED LOAN AGREEMENT  

        This Seventh Amendment to Amended and Restated Loan Agreement (this "Amendment") is made as of the 28th day of December, 2001 by  Mrs. Fields'
Original Cookies, Inc., a Delaware corporation ("Borrower"), and LaSalle Bank National
Association, a national banking association ("LaSalle"). 

WITNESSETH:  

        WHEREAS, Borrower and LaSalle are all of the parties to that certain Amended and Restated Loan Agreement dated as of February 28, 1998, as amended by that
certain First Amendment to Amended and Restated Loan Agreement dated as of July 31, 1998 (the "First Amendment"), that certain Second Amendment to Amended and Restated Loan Agreement dated as
of April 1, 1999 ("Second Amendment"), that certain Third Amendment to Amended and Restated Loan Agreement dated as of February 1, 2000 ("Third Amendment"), that certain Fourth Amendment
to Amended and Restated Loan Agreement dated as of April 3, 2000 ("Fourth Amendment"), that certain Fifth Amendment to Amended and Restated Loan Agreement dated as of March 30, 2001
("Fifth Amendment") and that certain Sixth Amendment to Amended and Restated Loan Agreement dated as of September 28, 2001 ("Sixth Amendment") (the Amended and Restated Loan Agreement, together
with the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment and the Sixth Amendment, as further amended, restated, modified or supplemented and in
effect from time to time, being herein referred to as the "Loan Agreement"); and 

        WHEREAS,
Borrower has requested that LaSalle amend the Loan Agreement with respect to certain matters, and LaSalle is agreeable to such request, on and subject to the terms and
conditions set forth herein; 

        NOW,
THEREFORE, the parties hereto hereby agree as follows: 

Definitions. Capitalized terms used herein and not otherwise defined herein are used with the meanings given such terms in the Loan Agreement. 

Amendment. The Loan Agreement is hereby amended as follows: 

	•
	by
deleting the definition of "Credit Facility" in its entirety and replacing it with the following: 

"Credit Facility" shall mean, with respect to the Borrower, one or more debt facilities (including, without limitation, the debt facility provided by
this Agreement) or commercial paper facilities with banks or other institutional lenders (including any related notes, guaranties, collateral documents, instruments and agreements executed in
connection therewith) providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow
from such lenders against such receivables) or letters of credit up to a maximum aggregate amount of not more than the Revolving Loan Commitment at any given time, in each case, as amended, restated,
modified, renewed, refunded, replaced or refinanced in whole or in part from time to time. 

	•
	by
deleting the definition of "Revolving Loan Commitment" in its entirety and replacing it with the following: 

"Revolving Loan Commitment" shall mean (i) prior to August 31, 2002, Ten Million and 00/100 Dollars ($10,000,000.00), (ii) on and
after August 31, 2002 until and including September 30, 2002, Seven Million and 00/100 Dollars ($7,000,000.00), (iii) on and after October 1, 2002

  
until and including January 30, 2003, Six Million and 00/100 Dollars ($6,000,000.00), and (iii) on and after January 31, 2003, Four Million and 00/100 Dollars ($4,000,000.00). 

	•
	By
deleting the definition of "Revolving Loan Maturity Date" in its entirety and replacing it with the following: 

"Revolving Loan Maturity Date" shall mean March 31, 2003, or unless the Bank earlier terminates this Agreement or otherwise accelerates the
maturity of the Obligations pursuant to the terms hereof, in which case Revolving Loan Maturity Date shall mean such earlier date. 

	•
	By
deleting subsection 2.1(b)(ii) in its entirety and replacing it with the following: 

        (ii)  LIBOR
plus three percent (3%) per annum. 

	•
	By
deleting Section 13.1 in its entirety and replacing it with the following: 

Section 13.1  Minimum Debt Service Coverage Ratio.    The Borrower shall maintain a minimum Debt Service Coverage Ratio, measured as of
the end of any fiscal quarter of the Borrower and for the four fiscal quarters then ended, as follows: 

	Date of Determination
 
	 	Ratio

	12/29/01	 	0.15 to 1.00
	3/30/02	 	0.20 to 1.00
	6/29/02	 	0.25 to 1.00
	9/28/02	 	0.50 to 1.00
	12/28/02	 	1.10 to 1.00
	3/29/03	 	1.10 to 1.00

	•
	By
deleting Section 13.2 in its entirety and replacing it with the following: 

Section 13.2
Maximum Capital Expenditures.    The Borrower shall not make any Capital Expenditures, individually or in the aggregate,
in excess of $22,500,000 for the fiscal year of the Borrower ending 12/29/01. The Borrower shall not make aggregate Capital Expenditures for the fiscal year ending 12/28/02 in excess of $10,000,000.
In addition, for the fiscal year ending 12/28/02, the amount of Borrower's aggregate Capital Expenditures less net proceeds of asset dispositions (excluding sales of inventory) shall not exceed
$7,000,000. 

Additional Collateral. Concurrently with the execution hereof, Borrower shall cause The Mrs. Fields' Brand, Inc., a Delaware corporation,
Pretzelmaker, Inc., a Utah corporation, and Pretzel Time, Inc., a Utah corporation, to enter into trademark pledge agreements, in form and substance satisfactory to LaSalle, whereby each
such entity will pledge to LaSalle as additional Collateral, the trademarks listed on Schedule A attached hereto. 

Amendment Fee. Concurrently with the execution hereof, Borrower shall pay to LaSalle an amendment fee of $25,000. Borrower hereby acknowledges and
agrees that LaSalle may debit any account of Borrower or make an advance on the Revolving Loan for the payment of the amendment fee. 

Representations and Warranties. Borrower hereby represents, warrants and covenants to LaSalle that: 

	•
	Authorization. The Borrower is duly authorized to execute and deliver this Amendment and all deliveries
required hereunder, and is and will continue to be duly authorized to borrow monies under the Loan Agreement, as amended hereby, and to perform its obligations under the Loan Documents.

	•
	No Conflicts. The execution and delivery of this Amendment and all deliveries required hereunder, and the
performance by the Borrower of its obligations under the Loan Documents 

 

do
not and will not conflict with any provision of law or of the charter or by-laws of the Borrower or of any agreement binding upon the Borrower. 

	•
	Validity and Binding Effect. This Amendment and the Loan Documents are a legal, valid and binding obligation
of the Borrower, enforceable against the Borrower in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general
application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

	•
	No Events of Default. As of the date hereof, no Default or Event of Default under the Loan Documents has
occurred or is continuing.

	•
	Warranties. As of the date hereof, the representations and warranties in the Loan Agreement are true and
correct as though made on such date, except where a different date is specifically indicated. 

Miscellaneous.

	•
	Captions. Section captions and headings used in this Amendment are for convenience only and are not part of
and shall not affect the construction of this Amendment.

	•
	Governing Law. This Amendment shall be a contract made under and governed by the laws of the State of
Illinois, without regard to conflict of laws principles. Whenever possible, each provision of this Amendment shall be interpreted in such a manner as to be effective and valid under applicable law,
but if any provision of this Amendment shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the
remainder of such provision or the remaining provisions of this Amendment.

	•
	Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be
an original, but all of which shall together constitute but one and the same document.

	•
	Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns.

	•
	References. From and after the date of execution of this Amendment, any reference to the Loan Agreement or
the other Loan Documents contained in any notice, request, certificate or other instrument, document or agreement executed concurrently with or after the execution and delivery of this Amendment shall
be deemed to include this Amendment unless the context shall otherwise require.

	•
	Continued Effectiveness. Notwithstanding anything contained herein, the terms of this Amendment are not
intended to and do not serve to effect a novation as to the Loan Agreement. The parties hereto expressly do not intend to extinguish the Loan Agreement. Instead, it is the express intention of the
parties hereto to reaffirm the indebtedness created under the Loan Agreement which is evidenced by the Revolving Note provided for therein and secured by the Collateral. The Loan Agreement, except as
modified hereby, and each of the other Loan Documents remain in full force and effect and are hereby reaffirmed in all respects. 

[Balance of page left intentionally blank; signature page follows.]

 

        IN
WITNESS WHEREOF, the parties have executed this Seventh Amendment to Amended and Restated Loan Agreement as of the date first set forth above. 

	 	 	MRS. FIELDS' ORIGINAL COOKIES, INC.,

A DELAWARE CORPORATION
	

 	
 	

By:	
 	

/s/  MICHAEL WARD      
 Michael Ward
 Snr. Vice President
	

 	
 	
LASALLE BANK NATIONAL ASSOCIATION,

A NATIONAL BANKING ASSOCIATION
	

 	
 	

By:	
 	

/s/  MICHAEL K. KRIZ      
 Michael K. Kriz
 Vice President, Leveraged Finance

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