Document:

Amendment No. 5 to the Credit Agreement

 Exhibit 10.1 
  
 AMENDMENT NO. 5 
  
 This AMENDMENT NO. 5 (“AMENDMENT”) is made as of October 12, 2005, by and among DOVER MOTORSPORTS, INC., a Delaware corporation, DOVER
INTERNATIONAL SPEEDWAY, INC., a Delaware corporation, GATEWAY INTERNATIONAL MOTORSPORTS CORPORATION, an Illinois corporation, GATEWAY INTERNATIONAL SERVICES CORPORATION, an Illinois corporation, MEMPHIS INTERNATIONAL MOTORSPORTS CORPORATION, a
Tennessee corporation, M&N SERVICES CORP., a Tennessee corporation, and NASHVILLE SPEEDWAY USA, INC., a Tennessee corporation (collectively, “BORROWERS”); MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY, a Maryland banking corporation as
agent (“AGENT”); MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY, a Maryland banking corporation in its capacity as issuer of letters of credit (“ISSUING BANK”); and WILMINGTON TRUST COMPANY, MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY,
WILMINGTON SAVINGS FUND SOCIETY, FSB and PNC BANK, DELAWARE (collectively, “LENDERS”). 
  
 RECITALS 
  
 The BORROWERS, the AGENT, the ISSUING BANK and the LENDERS are parties to that certain Credit Agreement executed February 17, 2004 and effective as of February 19, 2004, as previously amended (“CREDIT AGREEMENT”), pursuant to
which the LENDERS and the ISSUING BANK are providing to the BORROWERS certain credit facilities (“CREDIT FACILITIES”). 
  
 The BORROWERS’ repayment obligations in connection with the CREDIT FACILITIES are evidenced by: (a) the Revolving Loan Promissory Note in the stated
principal amount of Twenty-Seven Million Five Hundred Thousand Dollars ($27,500,000.00) from the BORROWERS to the order of Mercantile-Safe Deposit and Trust Company effective as of February 19, 2004 (“MERCANTILE NOTE”); (b) the Revolving
Loan Promissory Note in the stated principal amount of Fifteen Million Dollars ($15,000,000.00) from the BORROWERS to the order of Wilmington Trust Company effective as of February 19, 2004 (“WILMINGTON TRUST NOTE”); (c) the Amended and
Restated Revolving Loan Promissory Note in the stated principal amount of Fifteen Million Dollars ($15,000,000.00) from the BORROWERS to the order of PNC Bank, Delaware effective as of August 5, 2005 (“PNC NOTE”); and (d) the Amended and
Restated Revolving Loan Promissory Note in the stated principal amount of Twelve Million Five Hundred Thousand Dollars ($12,500,000.00) from the BORROWERS to Wilmington Savings Fund Society, FSB effective as of August 5, 2005 (“WILMINGTON
SAVINGS NOTE”). 
  
 As used herein the term “LOAN
DOCUMENTS” means collectively the CREDIT AGREEMENT, the MERCANTILE NOTE, the WILMINGTON TRUST NOTE, the PNC NOTE, the WILMINGTON SAVINGS NOTE and all other documents evidencing the obligations in connection with the CREDIT FACILITIES.

 The BORROWERS have requested that the AGENT, the ISSUING BANK and the LENDERS: (a) increase the maximum
principal amount of the CREDIT FACILITIES; and (b) modify certain provisions of the CREDIT AGREEMENT. 
  
 The AGENT, the LENDERS and the ISSUING BANK are willing to consent to the requests of the BORROWERS subject to the terms and provisions of this AMENDMENT.

  
 NOW, THEREFORE, in consideration of the premises, and other
good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
  
 Section 1. Recitals. The parties acknowledge the accuracy of the above recitals and hereby incorporate the recitals into this AMENDMENT.

  
 Section 2. Amendment to Credit Agreement. Effective as
of the date of this AMENDMENT, the CREDIT AGREEMENT is hereby amended as follows: 
  
 a. Amended Definition. The definition of “CONSOLIDATED DEBT SERVICE” contained in Article 1 of the CREDIT AGREEMENT is
hereby amended by deleting its present language in its entirety and substituting in lieu thereof the following: 
  
 Consolidated Debt Service. The term “CONSOLIDATED DEBT SERVICE” means for any period of four (4) consecutive fiscal quarters, the amount
of cash, interest expense and payments of principal (excluding (a) payments of principal made on any LOANS or on account of principal under any other revolving credit facilities, and (b) the Fourteen Million Five Hundred Eighty-Four Thousand Dollar
($14,584,000.00) principal payment made to Southwestern Illinois Development Authority in October, 2005 in connection with the credit facility described in the Loan Agreement dated May 1, 1996 between Gateway International Motorsports Corporation
and Southwestern Illinois Development Authority) required to be paid by the BORROWERS during such period, all determined on a consolidated basis in accordance with G.A.A.P. 
  
 b. Section 2.12.a. Section 2.12.a of the CREDIT AGREEMENT is hereby amended by deleting its present
language in its entirety and substituting in lieu thereof the following: 
  
 a. Mandatory Reductions. The amount of the TOTAL COMMITMENT shall be automatically reduced on July 1st of each year beginning on July 1, 2006 by: (i) Seven Million Dollars ($7,000,000.00) on July 1, 2006; and (ii) Eight Million Dollars ($8,000,000.00) on each July 1st thereafter. 
  

 2 

 c. Section 6.4. Section 6.4 of the CREDIT AGREEMENT is hereby amended by deleting
its present language in its entirety and substituting in lieu thereof the following: 
  
 Section 6.4. No Indebtedness. None of the BORROWERS shall incur, create, assume, or permit to exist any INDEBTEDNESS except: (a) the OBLIGATIONS; (b) INDEBTEDNESS secured by PERMITTED LIENS; and (c)
INDEBTEDNESS to Mercantile-Safe Deposit and Trust Company under a short-term loan made in October, 2005 in the maximum principal amount of One Million Dollars ($1,000,000.00) which remains outstanding for a period of not more than fifteen (15)
calendar days. 
  
 d. Schedule 1. Schedule
1 of the CREDIT AGREEMENT is hereby amended by deleting its present language in its entirety and substituting in lieu thereof the terms of Schedule 1 attached hereto and made a part hereof. 
  
 Section 3. Amendment to Mercantile Note. The MERCANTILE NOTE is hereby
amended and restated in its entirety in accordance with the terms and provisions of the Amended and Restated Revolving Loan Promissory of even date herewith from the BORROWERS to the order of Mercantile-Safe Deposit and Trust Company in the stated
principal amount of Thirty-One Million Four Hundred Twenty-Eight Thousand Five Hundred Sixty-Eight Dollars ($31,428,568.00). 
  
 Section 4. Amendment to Wilmington Trust Note. The WILMINGTON TRUST NOTE is hereby amended and restated in its entirety in accordance with the
terms and provisions of the Amended and Restated Revolving Loan Promissory Note of even date herewith from the BORROWERS to the order of Wilmington Trust Company in the stated principal amount of Seventeen Million One Hundred Forty-Two Thousand
Eight Hundred Fifty-Six Dollars ($17,142,856.00). 
  
 Section 5.
Amendment to Wilmington Savings Note. The WILMINGTON SAVINGS NOTE is hereby amended and restated in its entirety in accordance with the terms and provisions of the Second Amended and Restated Revolving Loan Promissory Note of even date
herewith from the BORROWERS to the order of Wilmington Savings Fund Society, FSB in the stated principal amount of Fourteen Million Two Hundred Eighty-Five Thousand Seven Hundred Twenty Dollars ($14,285,720.00). 
  
 Section 6. Amendment to PNC Note. The PNC NOTE is hereby amended and
restated in its entirety in accordance with the terms and provisions of the Second Amended and Restated Revolving Loan Promissory Note of even date herewith from the BORROWERS to the order of PNC Bank, Delaware in the stated principal amount of
Seventeen Million One Hundred Forty-Two Thousand Eight Hundred Fifty-Six Dollars ($17,142,856.00). 
  
 Section 7. Fee. In consideration for the agreements of the LENDERS contained herein, the BORROWERS shall pay, on the date of this AMENDMENT, to the
AGENT, for the ratable benefit of the LENDERS, a fee in the amount of Twenty-Five Thousand Dollars ($25,000.00). 
  

 3 

 Section 8. Other Terms. Except as specifically modified herein, all other terms and provisions of
the CREDIT AGREEMENT and all other documents evidencing or otherwise documenting the terms and provisions of the credit facilities being provided by the LENDERS and the ISSUING BANK to the BORROWERS remain in full force and effect and are hereby
ratified and confirmed. 
  
 Section 9. Choice of Law. The
laws of the State of Maryland (excluding, however, conflict of law principals) shall govern and be applied to determine all issues relating to this AMENDMENT and the rights and obligations of the parties hereto, including the validity, construction,
interpretation and enforceability of this AMENDMENT. 
  
 Section
10. Delivery by Telecopier. This AMENDMENT may be delivered by telecopier and a facsimile of any party’s signature hereto shall constitute an original signature for all purposes. 
  
 Section 11. Counterparts. This AMENDMENT may be executed in
counterparts each of which shall be binding upon the signatories but all of which shall constitute one and the same agreement. 
  
 IN WITNESS WHEREOF, the parties have executed this AMENDMENT with the specific intention of creating a document under seal. 
  

					
	BORROWERS:
	
	DOVER MOTORSPORTS, INC.,
	A Delaware Corporation
			
	By:	 	 /s/ Thomas G. Wintermantel

	 	(SEAL)
	Name:	 	Thomas G. Wintermantel	 	 
	Title:	 	Treasurer & Assistant Secretary	 	 
	
	DOVER INTERNATIONAL SPEEDWAY, INC.,
	A Delaware Corporation
			
	By:	 	 /s/ Thomas G. Wintermantel

	 	(SEAL)
	Name:	 	Thomas G. Wintermantel	 	 
	Title:	 	Treasurer & Assistant Secretary	 	 

  

 4 

					
	BORROWERS (cont.):
	
	GATEWAY INTERNATIONAL
	MOTORSPORTS CORPORATION,
	An Illinois Corporation
			
	By:	 	 /s/ Patrick J. Bagley

	 	(SEAL)
	Name:	 	Patrick J. Bagley	 	 
	Title:	 	Senior Vice President-Finance
	
	GATEWAY INTERNATIONAL SERVICES
	CORPORATION, An Illinois Corporation
			
	By:	 	 /s/ Tony R. Evans

	 	(SEAL)
	Name:	 	Tony R. Evans	 	 
	Title:	 	Treasurer and Secretary	 	 
	
	MEMPHIS INTERNATIONAL MOTORSPORTS
	CORPORATION, A Tennessee Corporation
			
	By:	 	 /s/ Patrick J. Bagley

	 	(SEAL)
	Name:	 	Patrick J. Bagley	 	 
	Title:	 	Senior Vice President-Finance
	
	M&N SERVICES CORP.,
	A Tennessee Corporation
			
	By:	 	 /s/ Tony R. Evans

	 	(SEAL)
	Name:	 	Tony R. Evans	 	 
	Title:	 	Treasurer and Secretary	 	 
	
	NASHVILLE SPEEDWAY USA, INC.,
	A Tennessee Corporation
			
	By:	 	 /s/ Patrick J. Bagley

	 	(SEAL)
	Name:	 	Patrick J. Bagley	 	 
	Title:	 	Senior Vice President-Finance

  

 5 

					
	AGENT:
	
	MERCANTILE-SAFE DEPOSIT AND TRUST
	COMPANY, A Maryland Banking Corporation
			
	By:	 	 /s/ C. Douglas Sawyer

	 	(SEAL)
	Name:	 	C. Douglas Sawyer	 	 
	Title:	 	Senior Vice President	 	 
	
	LENDERS:
	
	WILMINGTON TRUST COMPANY
			
	By:	 	 /s/ Michael B. Gast

	 	(SEAL)
	Name:	 	Michael B. Gast	 	 
	Title:	 	Vice President	 	 
	
	MERCANTILE-SAFE DEPOSIT AND
	TRUST COMPANY
			
	By:	 	 /s/ C. Douglas Sawyer

	 	(SEAL)
	Name:	 	C. Douglas Sawyer	 	 
	Title:	 	Senior Vice President	 	 
	
	WILMINGTON SAVINGS FUND SOCIETY, FSB
			
	By:	 	 /s/ M. Scott Baylis

	 	(SEAL)
	Name:	 	M. Scott Baylis	 	 
	Title:	 	Managing Vice President	 	 
	
	PNC BANK, DELAWARE
			
	By:	 	 /s/ Warren C. Engle

	 	(SEAL)
	Name:	 	Warren C. Engle	 	 
	Title:	 	Senior Vice President	 	 

  

 6 

					
	ISSUING BANK:
	
	MERCANTILE-SAFE DEPOSIT AND
	TRUST COMPANY
			
	By:	 	 /s/ C. Douglas Sawyer

	 	(SEAL)
	Name:	 	C. Douglas Sawyer	 	 
	Title:	 	Senior Vice President	 	 

  

 7 

 SCHEDULE 1 
  
 Commitments 
  

				
	 Mercantile-Safe Deposit and Trust Company
	  	$	31,428,568.00
	 Wilmington Trust Company
	  	$	17,142,856.00
	 Wilmington Savings Fund Society, FSB
	  	$	14,285,720.00
	 PNC Bank, Delaware
	  	$	17,142,856.00

  

 8First Amendment, Waiver and Consent, dated as of October 5, 2005

 Exhibit 10.1 
  
 FIRST AMENDMENT, WAIVER AND CONSENT 
  

FIRST AMENDMENT, WAIVER AND CONSENT, dated as of October 5, 2005 (this “Amendment”) to the Amended and Restated Credit Agreement
dated as of July 18, 2005 (the “Credit Agreement”) among Jupitermedia Corporation, a Delaware corporation (the “Borrower”), the Lenders party thereto (the “Lenders”) and JPMorgan Chase Bank,
N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). 
  
 WITNESSETH: 
  
 WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and have made, certain loans and other extensions of credit to the Borrower; 
  
 WHEREAS, the Borrower has requested, and, upon this Amendment becoming effective, the Lenders have agreed, that certain
provisions of the Credit Agreement be amended as set forth below; 
  
 WHEREAS, the Borrower has entered into the Amended and Restated Security Agreement dated as of July 18, 2005 (as from time to time amended, the “Security Agreement”) between the Borrower, the Subsidiaries party thereto
and the Administrative Agent; 
  
 WHEREAS, the Security Agreement
requires the Target (as defined therein) and its subsidiaries to establish control in favor of the Administrative Agent in their Deposit Accounts (as defined therein) on or prior to September 16, 2005; 
  
 WHEREAS, the Borrower has requested that the Administrative Agent waive the
requirement that such control must be established on or prior to September 16, 2005 and consent to delay such requirement until November 15, 2005; and 
  

WHEREAS the Administrative Agent is willing to agree to such waiver and provide such consent as provided for in this Amendment Waiver and Consent;

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

  
 SECTION 1. Defined Terms. Terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  
 SECTION 2. Amendment to Section 1.01 [Defined Terms]. (a) Section 1.01 of the Credit Agreement is hereby amended by inserting the following new definitions (to the extent not already included in
said Section 1.01) in the appropriate alphabetical order and by amending the following definitions (to the extent already included in said Section 1.01) to read in their entirety as follows: 
  
 “First Amendment” means the First Amendment, Waiver and
Consent to this Agreement dated as of October 5, 2005. 
  
 “First Amendment Effective Date” means the date on which the First Amendment became effective in accordance with its terms. 

 “Revolving Commitment” means, as to any Lender, the obligation of such Lender, if any,
to make Revolving Loans and participate in Letters of Credit in an aggregate principal and/or face amount not to exceed (a) the amount set forth under the heading “Revolving Commitment” opposite such Lender’s name on Schedule
2.01 or in the Assignment and Assumption pursuant to which such Lender became a party hereto, or (b) in the case of the Revolving Commitment of JPMorgan Chase Bank, N.A. as of the First Amendment Effective Date, the amount in the immediately
following sentence, in either case as the same may be changed from time to time pursuant to the terms hereof. The aggregate principal amount of the Revolving Commitments, and of the Revolving Commitment of JPMorgan Chase Bank, N.A., is $30,000,000
as of the First Amendment Effective Date. 
  
 SECTION 3. Waiver
and Consent. The Administrative Agent hereby extends the date by which, pursuant to Section 4.04 of the Security Agreement, the Target and its subsidiaries shall be required to establish control in favor of the Administrative Agent in their
Deposit Accounts from September 16, 2005 to November 15, 2005. 
  
 SECTION 4. Conditions to Effectiveness of Amendment. The amendments set forth in Section 2 hereof, and the waiver and consent set forth in Section 3 hereof, shall become effective on the date upon
which each of the following conditions precedent have been satisfied or waived: 
  
 (i) The Administrative Agent (or its counsel) shall have received a counterpart of this Amendment, executed and delivered by a duly authorized officer of each of (A) the Borrower and (B) the Required
Lenders; 
  
 (ii) The Borrower shall have paid all fees and
expenses of the Administrative Agent, in connection with this Amendment including (x) a pre-funding fee in an amount equal to $150,000 and (y) the reasonable fees and expenses of counsel to the Administrative Agent; and 
  
 (iii) After giving effect to the Amendment, no Default or Event of Default
shall have occurred and be continuing. 
  
 SECTION 5.
Representations and Warranties. Each of the representations and warranties made by the Borrower in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of the date hereof as if made as of the date
hereof, except for representations and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties were true and correct in all material respects as of such earlier date; provided, that
each reference to the Credit Agreement therein shall be deemed to be a reference to the Credit Agreement after giving effect to this Amendment. 
  
 SECTION 6. Effect on the Loan Documents. Except as specifically amended or provided for above, (i) the Credit Agreement and all other Loan
Documents shall continue to be in full force and effect and are hereby in all respects ratified and confirmed and (ii) the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of
any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
  
 SECTION 7. Expenses. The Borrower agrees to pay or reimburse the Administrative Agent for all of its out-of-pocket costs and reasonable expenses
incurred in connection with this Amendment, any other documents prepared in connection herewith and the transaction contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent.

  
 SECTION 8. Affirmation of Guaranty and Credit
Agreement. The Guarantors hereby consent to this Amendment and hereby confirm, reaffirm and restate that their obligations under or in respect of the Credit Agreement and the documents related thereto to which they are a party are and shall
remain in full force and effect after giving effect to the foregoing Amendment. 
  

 2 

 SECTION 9. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO
SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 SECTION 10. Execution in Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
  
 [Remainder of page intentionally left blank.] 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by
their respective proper and duly authorized officers as of the day and year first above written. 
  

			
	JUPITERMEDIA CORPORATION
		
	By:	 	 /s/ Christopher J. Baudouin

	Name:	 	Christopher J. Baudouin
	Title:	 	Executive Vice President and Chief Financial Officer
	
	JP MORGAN CHASE BANK, N.A., as Administrative Agent and Lender
		
	By:	 	 /s/ Anthony Galea

	Name:	 	Anthony Galea
	Title:	 	Associate

 ACKNOWLEDGEMENT AND CONSENT 
  
 Each of the undersigned Guarantors hereby acknowledges and consents to the foregoing First Amendment, Waiver and Consent.

  

			
	JUPITERIMAGES CORPORATION
		
	By:	 	 /s/ Christopher J. Baudouin

	Name:	 	Christopher J. Baudouin
	Title:	 	 Executive Vice President and
 Chief Financial
Officer

	
	CREATAS, L.L.C.
		
	By:	 	 /s/ Christopher J. Baudouin

	Name:	 	Christopher J. Baudouin
	Title:	 	 Executive Vice President and
 Chief Financial
Officer

	
	DYNAMIC GRAPHICS, INC.
		
	By:	 	 /s/ Christopher J. Baudouin

	Name:	 	Christopher J. Baudouin
	Title:	 	 Executive Vice President and
 Chief Financial
Officer

	
	PICTUREQUEST LLC
		
	By:	 	 /s/ Christopher J. Baudouin

	Name:	 	Christopher J. Baudouin
	Title	 	 Executive Vice President and
 Chief Financial
Officer

	
	PICTUREARTS CORPORATION
		
	By:	 	 /s/ Christopher J. Baudouin

	Name:	 	Christopher J. Baudouin
	Title:	 	 Executive Vice President and
 Chief Financial
Officer

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