Document:

exv10w19w13

 

Exhibit 10.19.13

FOURTH AMENDMENT TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

     This FOURTH AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT, dated as of December
19, 2007 (the “Fourth Amendment”), is entered into by and among INTERSTATE BAKERIES
CORPORATION, a Delaware corporation (“Parent Borrower”), a debtor and debtor-in-possession
in a case pending under Chapter 11 of the Bankruptcy Code, each of the direct and indirect
subsidiaries of the Parent Borrower party to the Credit Agreement (as defined below) (each
individually a “Subsidiary Borrower” and collectively the “Subsidiary Borrowers”;
and together with the Parent Borrower, the “Borrowers”), each of which is a debtor and
debtor-in-possession in a case pending under Chapter 11 of the Bankruptcy Code, and JPMORGAN CHASE
BANK, N.A., a national banking association, as administrative agent (the “Administrative
Agent”) for the commercial banks, finance companies, insurance companies or other financial
institutions or funds from time to time party to the Credit Agreement (the “Lenders”).

WITNESSETH:

     WHEREAS, the Borrowers, the Lenders and the Administrative Agent are parties to that certain
Amended and Restated Revolving Credit Agreement, dated as of February 16, 2007, as amended by that
certain First Amendment to Amended and Restated Revolving Credit Agreement dated as of October 1,
2007 and that certain Second Amendment to Amended and Restated Revolving Credit Agreement dated as
of November 29, 2007 (as amended, the “Credit Agreement”), pursuant to which the Lenders
have made available to the Borrowers a revolving credit and letter of credit facility in an
aggregate principal amount not to exceed $200,000,000; and

     WHEREAS, the Third Amendment to Amended and Restated Revolving Credit Agreement, dated as of
the date hereof (the “Third Amendment”), provides that the Credit Agreement be amended in a
manner which, subject to Section 9.10(b) of the Credit Agreement, requires the unanimous consent of
all of the Lenders; and

     WHEREAS, the Minority Lenders have not consented to the Third Amendment and Section 9.10(b) of
the Credit Agreement provides that with the consent of the Borrowers and the Super-majority
Lenders, the Borrowers and the Super-majority Lenders shall be permitted to amend the Credit
Agreement without the consent of the Minority Lenders to provide for (x) the termination of the
Commitment of each of the Minority Lenders and (y) an increase in the Commitment of one or more of
the Super-majority Lenders, so that the Total Commitment after giving effect to such amendment
shall be in the same amount as the Total Commitment immediately before giving effect to such
amendment; and

     WHEREAS, the Third Amendment has been executed by the Super-majority Lenders, and, pursuant to
Section 3.3 of the Third Amendment, each of the Super-majority Lenders, by its execution of the
Third Amendment, is deemed to have consented to this Fourth Amendment;

 

 

     NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth
and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     Section 1. Definitions. Capitalized terms used and not otherwise defined in this
Fourth Amendment are used as defined in the Credit Agreement.

     Section 2. Amendment to Credit Agreement. Subject to the conditions set forth in
Section 3 hereof, Annex A to the Credit Agreement is hereby replaced in its entirety by a new Annex
A in the form attached hereto as Exhibit A.

     Section 3. Effectiveness. The effectiveness of this Fourth Amendment is conditioned
upon: (i) the Administrative Agent’s receipt of executed counterparts of this Fourth Amendment
which, when taken together, bear the signatures of the Borrowers and the Administrative Agent
(acting for itself and on behalf of the Super-majority Lenders). The amendment contemplated by this
Fourth Amendment shall be effective on the effective date of the Third Amendment.

     Section 4. Choice of Law. THIS FOURTH AMENDMENT SHALL IN ALL RESPECTS BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND
TO BE PERFORMED WHOLLY WITHIN SUCH STATE AND THE BANKRUPTCY CODE.

     Section 5. Full Force and Effect. Except as specifically amended or waived hereby, all
of the terms and conditions of the Credit Agreement shall remain in full force and effect, and the
same are hereby ratified and confirmed. No reference to this Fourth Amendment need be made in any
instrument or document at any time referring to the Credit Agreement, and a reference to the Credit
Agreement in any such instrument or document shall be deemed a reference to the Credit Agreement as
amended hereby.

     Section 6. Counterparts; Electronic Signatures. This Fourth Amendment may be executed
in any number of counterparts, each of which shall constitute an original, but all of which taken
together shall constitute one and the same agreement. The Administrative Agent may, in its
discretion, agree to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it; provided that approval of such procedures may
be limited to particular notices or communications.

     Section 7. Headings. Section headings used herein are for convenience only and are not
to affect the construction of or be taken into consideration in interpreting this Fourth Amendment.

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2

 

     IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to be duly executed
as of the day and the year first written.

	 	 	 	 	 
	 	BORROWERS:

INTERSTATE BAKERIES CORPORATION

 	 
	 	By:  	/s/ J. Randall Vance
 	 
	 	 	Name:  	J. Randall Vance 	 
	 	 	Title:  	Senior Vice President, Chief

Financial Officer and Treasurer 	 
	 
	 	ARMOUR AND MAIN REDEVELOPMENT CORPORATION

 	 
	 	By:  	/s/ J. Randall Vance
 	 
	 	 	Name:  	J. Randall Vance 	 
	 	 	Title:  	Treasurer 	 
	 
	 	BAKER’S INN QUALITY BAKED GOODS, LLC

 	 
	 	By:  	/s/ J. Randall Vance
 	 
	 	 	Name:  	J. Randall Vance 	 
	 	 	Title:  	Treasurer 	 
	 
	 	IBC SALES CORPORATION

 	 
	 	By:  	/s/ J. Randall Vance
 	 
	 	 	Name:  	J. Randall Vance 	 
	 	 	Title:  	Senior Vice President, Chief

Financial Officer and Treasurer 	 

 

 

	 	 	 	 	 
	 	IBC SERVICES, LLC

 	 
	 	By:  	/s/ J. Randall Vance
 	 
	 	 	Name:  	J. Randall Vance 	 
	 	 	Title:  	Treasurer 	 
	 
	 	IBC TRUCKING, LLC

 	 
	 	By:  	/s/ J. Randall Vance
 	 
	 	 	Name:  	J. Randall Vance 	 
	 	 	Title:  	Treasurer 	 
	 
	 	INTERSTATE BRANDS CORPORATION

 	 
	 	By:  	/s/ J. Randall Vance
 	 
	 	 	Name:  	J. Randall Vance 	 
	 	 	Title:  	Senior Vice President, Chief

Financial Officer and Treasurer 	 
	 
	 	NEW ENGLAND BAKERY DISTRIBUTORS, L.L.C.

 	 
	 	By:  	/s/ J. Randall Vance
 	 
	 	 	Name:  	J. Randall Vance 	 
	 	 	Title:  	Treasurer 	 
	 
	 	JPMORGAN CHASE BANK, N.A.

as Administrative Agent

 	 
	 	By:  	/s/ Susan E. Atkins
 	 
	 	 	Name:  	Susan E Atkins 	 
	 	 	Title:  	Managing Directorexv10w24w1

 

Exhibit 10.24.1

March 25, 2008

Mr. Gary K. Wandschneider

Timpanogos Consulting LLC

79 Silver Hill Road

Ridgefield, Connecticut 06877

RE: Extension of Consulting Agreement

Dear Gary:

This letter is being sent in reference to the Consulting Agreement dated July 27, 2007, and
effective June 30, 2007, between Interstate Brands Corporation (“IBC”) and Timpanogos Consulting
LLC (“Consultant”). As you are aware, the Consulting Agreement is scheduled to expire on March 29,
2008. While IBC has not yet finalized its strategy for exiting its pending bankruptcy proceedings,
your continued service is of great importance to the company’s future. Therefore, we would like to
extend the current Consulting Agreement until April 21, 2008, in order to coincide with the
expiration date of other executive consulting agreements. During the extension, your rate of
compensation will remain at $750 per hour (limited to 50 hours per week) but will not be subject to
any holdback. All holdback amounts earned through March 29, 2008, will be paid to you upon receipt
of your invoice for services through that date. All other terms and conditions under the
Consulting Agreement shall remain in full force and effect during the extension.

If you are in agreement to extend the Consulting Agreement, please sign below and return a copy of
this letter to me for our files. IBC has benefited greatly from your expertise during your
engagement and we are looking forward to our continued relationship.

	 	 	 	 	 
	 	Sincerely,

 	 
	 	/s/ Craig D. Jung
 	 
	 	 	 
	 	Craig D. Jung

Chief Executive Officer 	 
	 

Agreed and Accepted:

TIMPANOGOS CONSULTING LLC

	 	 	 	 	 	 	 
	By:

	 	/s/ Gary K. Wandschneider
	 	Date:
	3/28/08
	 	 	 
	 	 	 
	Name:

	 	Gary K. WandscheiderEx-10.42

 

Exhibit 10.42

AMENDMENT AND RENEWAL OF SEVERANCE AGREEMENT

THIS AMENDMENT AND RENEWAL OF SEVERANCE AGREEMENT between Hancock Fabrics, Inc., a Delaware
corporation (the “Corporation”), and                                          (the “Executive”), dated as of the
16th day of March, 2005.

WITNESSETH:

     WHEREAS, the Corporation has entered into a Severance Agreement with the Executive dated May
4, 2002 which has subsequently been amended (as so amended, the “Severance Agreement”); and

     WHEREAS, the Severance Agreement will expire on May 4, 2005; and

     WHEREAS, the Corporation, for the reasons recited in the Severance Agreement, wishes to renew
the Severance Agreement for a period of three years, until May 4, 2008 (“the Expiration Date”), and
to automatically renew the Severance Agreement for an additional three year period on the
Expiration Date and each subsequent expiration unless the Incumbent Board elects to cancel the
agreement as of the next Expiration Date.

     IN WITNESS WHEREOF, the Executive has hereunto set his hand and, pursuant to the authorization
from its Board of Directors, the Corporation has caused these presents to be executed in its name
on its behalf, and its corporate seal to be hereunto affixed, all as of the day and the year first
above written.

	 	 	 	 	 
	 	“Executive”

HANCOCK FABRICS, INC.

 	 
	 	By:  	 	 
	 	 	Its

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