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Unassociated Document

    EXHIBIT
      10.3

    

      
        	
                Suntrust
                  

              	
                Robert
                  R. Lawhon

              	
                SunTrust
                  Bank

              
	
                 

              	
                Senior
                  Vice President

              	
                401
                  Commerce Street

              
	
                 

              	 	
                Suite
                  2100

              
	
                 

              	 	
                Nashville
                  TN 37219

              
	
                 

              	 	
                Tel
                  615.748.5803

              
	
                 

              	 	
                Fax
                  615.748.5113

              
	
                 

              	 	
                bob
                  lawhon@suntrust com 

              

      

      
        
          	 	 
	
                  Re:

                	
                  Commercial
                    Note and Loan Facility for $500,000 dated August 22,
                    2008

                
	
                   

                	
                  Obligation
                    No. 10969113; Note No. 2.6

                
	
                   

                	
                  Collateral
                    Letter 

                
	 	 

        

      

    

    Dear
      Mr.
      Ludwig: 

    

     

    This
      Sun
      Trust Collateral Letter dated August 22, 2008 is entered into by and between
      SunTrust
      and Debut Broadcasting Mississippi, Inc. ("Borrower"). Sun
      Trust
      and
      Borrower simultaneous
      herewith have entered into a Commercial Note and Loan Facility in the amount
      of
$500,000
      ("the Loan") secured by certain Collateral owned by Borrower. SunTrust hereby
      agrees that
      the
      Collateral subject to the Loan is confined only to the radio station assets
      currently or hereafter
      owned by Borrower that relate to Borrower's ownership, control or operation
      of
      certain radio stations located in and around Greenville, MS and known as
      WIQQ-FM, WBAQ-FM, WNIX-AM,
      WNLA-AM and WNLA-FM (the "Greenville Stations"). The Collateral does not include
      any radio station assets not used in connection with the ownership, control
      or
      operation of the
      Greenville Stations that Borrower presently or in the future owns, controls
      or
      operates pursuant
      to a Time Brokerage Agreement including but not limited to WBBV-F M and KLSM-FM
      owned
      by
      Holladay Broadcasting of Louisiana ("Future Stations"), Sun Trust hereby waives
      any interest
      or lien on the Future Stations and will provide Borrower, at Borrower's expense,
      with such
      documentation as Borrower my reasonably request evidencing Sun
      Trust
      's
      waiver of any lien on such Future Stations. 

    

    Unless
      otherwise defined herein, the capitalized terms in this Collateral Letter shall
      have the
      meanings contained in the Loan documents. This Collateral Letter and waiver
      shall inure to the
      benefit of and shall be binding upon the heirs, successors and assigns of'
      the
      parties hereto. 

    

      
        	 	 
	 	
                SunTrust
                  Bank 

              
	 	
                 

                 

              
	 	
                By:
                  /s/ Robert R. Lawhon

              
	 	
                Robert
                  R. Lawhon 

              
	 	
                Senior
                  Vice President 

              
	 	
                 

              
	 	
                 

              
	 	
                Accepted:
                  /s/ Steven Ludwig

              
	 	
                Steven
                  Ludwig, CEO

              
	 	
                 

              
	 	
                 

              
	 	
                Debut
                  Broadcasting Mississippi, Inc.

              
	 	
                 

              
	 	
                By:
                  /s/ Robert Marquitz

              
	 	
                Robert
                  Marquitz 

              
	 	
                Chairman
                  & PresidentEXHIBIT 10.12.4

                 AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED
                             NOTE PURCHASE AGREEMENT

         This  AMENDMENT  NO. 1 TO SECOND  AMENDED AND  RESTATED  NOTE  PURCHASE
AGREEMENT,  dated as of August 28,  2008 (this  "Amendment")  is made among CONN
FUNDING II, L.P. (the "Issuer"),  CONN  APPLIANCES,  INC., THREE PILLARS FUNDING
LLC (f/k/a Three Pillars Funding  Corporation),  JPMORGAN CHASE BANK, N.A., PARK
AVENUE RECEIVABLES COMPANY, LLC and SUNTRUST ROBINSON HUMPHREY, INC. Capitalized
terms used and not  otherwise  defined in this  Amendment are used as defined in
that certain Base Indenture, dated as of September 1, 2002, as amended from time
to time,  between  the Issuer and the Wells  Fargo  Bank,  National  Association
(successor by merger to Wells Fargo Bank Minnesota,  National  Association),  as
Trustee (the "Trustee") or, if not defined therein,  in that certain Amended and
Restated  Series 2002-A  Supplement,  dated as of September 10, 2007, as amended
from time to time, between the Issuer and the Trustee.

                                   Background

         A. The parties hereto have entered into the Second Amended and Restated
Note Purchase  Agreement,  dated as of August 14, 2008, among the parties hereto
(as amended from time to time,  the "Note  Purchase  Agreement")  to finance the
purchase of Receivables by the Issuer from Conn Appliances, Inc.

         B. The parties hereto wish to amend the Note Purchase Agreement.

         C. The parties hereto are willing to agree to such an amendment, all as
set out in this Amendment.

                                    Agreement

         1. Amendments of the Note Purchase Agreement.

         (a)  Section 1 of the Note  Purchase  Agreement  is hereby  amended  by
amending and restating the following definition in its entirety:

                  "Fee Letters" means each of the following  letter  agreements:
         (i) that certain  Third  Amended and  Restated Fee Letter,  dated as of
         August 28, 2008,  as amended from time to time,  between the Issuer and
         the  Administrator  setting forth certain fees payable by the Issuer in
         connection  with the  purchase  of Notes by the  Administrator  for the
         benefit of Three Pillars and (ii) that certain Amended and Restated Fee
         Letter,  dated as of August 28,  2008,  as  amended  from time to time,
         between the Issuer and the Funding  Agent  setting  forth  certain fees
         payable by the Issuer in  connection  with the purchase of Notes by the
         Funding Agent for the benefit of PARCO.

         (b)  Section 1 of the Note  Purchase  Agreement  is hereby  amended  by
amending and restating the following definition in its entirety:

<PAGE>

                  "Tranche A Purchase  Expiration Date" means the earlier of (i)
         August  13,  2009  (as  such  date may be  extended  from  time to time
         pursuant  to  Section  2.4) and (ii) the date of the  occurrence  of an
         Event of Default, Payout Event or Servicer Default.

         (c) The first sentence of Section 7.8 of the Note Purchase Agreement is
hereby amended and restated in its entirety as follows:

         The  Issuer  and  the  Seller  hereby  agree  to  promptly  notify  the
         Administrator,  Funding  Agent and each  Rating  Agency then rating any
         outstanding  Series of the Issuer of any amendment or  modification  to
         the transaction documents related to the ABL Facility.

         (d) The Note  Purchase  Agreement  is  hereby  amended  by  adding  the
following section to the end of Article X thereof:

         SECTION  10.15 Tax  Disclosure.  Notwithstanding  any other  express or
         implied  agreement to the contrary,  the parties agree and  acknowledge
         that  each of them and each of their  employees,  representatives,  and
         other agents may disclose to any and all persons, without limitation of
         any kind,  the tax treatment and tax structure of the  transaction  and
         all  materials of any kind  (including  opinions or other tax analyses)
         that are provided to any of them relating to such tax treatment and tax
         structure,  except to the extent  that  confidentiality  is  reasonably
         necessary to comply with U.S.  federal or state  securities  laws.  For
         purposes  of  this  paragraph,  the  terms  "tax  treatment"  and  "tax
         structure" have the meanings  specified in Treasury  Regulation section
         1.6011-4(c).

         2. Binding Effect; Ratification. This Amendment shall become effective,
as of the date first set forth above,  (i) upon receipt by the Funding Agent and
the  Administrator of the Fees due and payable as of the date hereof pursuant to
the Fee Letters (as defined  above) and (ii) when the  Administrator  shall have
received  counterparts  hereof and  thereafter  shall be binding on the  parties
hereto and their respective successors and assigns.

         (a) On and after the  execution  and delivery  hereof,  this  Amendment
shall be a part of the Note Purchase  Agreement  and each  reference in the Note
Purchase Agreement to "this Note Purchase Agreement" or "hereof", "hereunder" or
words of like import,  and each reference in any other  Transaction  Document to
the Note Purchase  Agreement shall mean and be a reference to such Note Purchase
Agreement as amended hereby.

         (b) Except as expressly  amended  hereby,  the Note Purchase  Agreement
shall remain in full force and effect and is hereby  ratified  and  confirmed by
the parties hereto.

         3.  Miscellaneous.  (a) THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS,  AND THE OBLIGATIONS,  RIGHTS AND REMEDIES OF THE PARTIES  HEREUNDER
SHALL BE DETERMINED IN  ACCORDANCE  WITH SUCH LAWS.  EACH OF THE PARTIES TO THIS
AMENDMENT AGREES TO THE NON-EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT
COURT FOR THE  SOUTHERN  DISTRICT  OF NEW YORK AND ANY  APPELLATE  COURT  HAVING
JURISDICTION TO REVIEW THE JUDGMENTS THEREOF.  EACH OF THE PARTIES HERETO HEREBY
WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS AND ANY OBJECTION TO VENUE OF
ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS AND CONSENTS
TO THE GRANTING OF SUCH LEGAL OR EQUITABLE  RELIEF AS IS DEEMED  APPROPRIATE  BY
SUCH COURT.

                                       2
<PAGE>

         (b) Headings  used herein are for  convenience  of  reference  only and
shall not affect the meaning of this Amendment.

         (c) This Amendment may be executed in any number of  counterparts,  and
by the  parties  hereto  on  separate  counterparts,  each of which  shall be an
original  and all of which  taken  together  shall  constitute  one and the same
agreement.

                            [Signature Page Follows]

                                       3
<PAGE>

         IN WITNESS  WHEREOF,  the  parties  have caused  this  Amendment  to be
executed by their respective officers thereunto duly authorized,  as of the date
first above written.

                         CONN FUNDING II, L.P., as Issuer

                         By:  Conn Funding II GP, L.L.C., its general partner

                         By:  /s/ David R. Atnip
                            -----------------------------------------
                               Name:  David R. Atnip
                               Title:  Treasurer

                         CONN APPLIANCES, INC.

                         By:  /s/ David R. Atnip
                            -----------------------------------------
                               Name:  David R. Atnip
                               Title:  Treasurer

                                     S-1                      Amendment No. 1 to
                                                 2nd A&R Note Purchase Agreement

<PAGE>

                            THREE PILLARS FUNDING LLC,
                            as a Conduit Purchaser

                            By:  /s/ Doris J. Hearn
                               -------------------------------------------------
                            Name:  Doris J. Hearn
                            Title:  Vice President

                            SUNTRUST ROBINSON HUMPHREY, INC.,
                            as Administrator

                            By:  /s/ Joseph R. Franke
                               -----------------------------------------
                            Name:  Joseph R. Franke
                            Title:  Director

                                     S-2                      Amendment No. 1 to
                                                 2nd A&R Note Purchase Agreement

<PAGE>

                   JPMORGAN CHASE BANK, N.A., as a Committed Purchaser
                   and Funding Agent

                   By:  /s/ Trischa Lesch
                      --------------------------------------------------
                   Name:  Trischa Lesch
                   Title:  Vice President

                   PARK AVENUE RECEIVABLES COMPANY LLC, as a Conduit
                   Purchaser

                   By: JPMorgan Chase Bank, N.A.,
                   its attorney-in-fact

                   By:  /s/ Trischa Lesch
                      --------------------------------------------------
                   Name:  Trischa Lesch
                   Title:  Vice President

                                     S-3                      Amendment No. 1 to
                                                 2nd A&R Note Purchase Agreement

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