Document:

Second Amendment to Credit Agreement

 Exhibit 10.1(b) 
  
 SECOND AMENDMENT TO CREDIT AGREEMENT 
  
 THIS SECOND AMENDMENT TO CREDIT AGREEMENT, dated as of April 29, 2005 (this “Amendment”), amends the Credit Agreement, dated as of May
29, 2002 (as heretofore amended, the “Credit Agreement”), among Horace Mann Educators Corporation, a Delaware corporation (the “Borrower”), the various financial institutions parties thereto (collectively, the
“Lenders”) and Bank of America, N.A., as administrative agent (the “Administrative Agent”) for the Lenders. Terms defined in the Credit Agreement are, unless otherwise defined herein or the context otherwise
requires, used herein as defined therein. 
  
 WHEREAS, the parties
hereto have entered into the Credit Agreement, which provides for the Lenders to extend certain credit facilities to the Borrower from time to time; and 
  
 WHEREAS, the parties hereto desire to amend the Credit Agreement in certain respects as hereinafter set forth; 
  
 NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows: 
  
 SECTION 1. AMENDMENT. Effective as of the date hereof the definition of “Commitment Termination Date” in Section 1.1 of the Credit
Agreement is hereby amended to state in its entirety as follows: 
  
 “Commitment Termination Date shall mean the earlier to occur of June 30, 2005 or the date on which any Commitment Termination Event occurs.” 
  
 SECTION 2. CONDITIONS PRECEDENT. This Amendment shall become effective when each of the conditions precedent set forth in
this Section 2 shall have been satisfied. 
  
 2.1
Receipt of Documents. The Administrative Agent shall have received all of the following documents duly executed, dated the date hereof or such other date as shall be acceptable to the Administrative Agent, and in form and substance
satisfactory to the Administrative Agent: 
  
 (a)
Amendment. This Amendment, duly executed by the Borrower, the Administrative Agent and the Lenders. 
  
 (b) Secretary’s Certificate. A certificate of the secretary or an assistant secretary of the Borrower, as to (i) resolutions
of the Board of Directors of the Borrower then in full force and effect authorizing the execution, delivery and performance of this Amendment and each other document described herein, and (ii) the incumbency and signatures of those officers of the
Borrower authorized to act with respect to this Amendment and each other document described herein. 

 2.2 Compliance with Warranties, No Default, etc. Both before and after giving effect to the
effectiveness of this Amendment, the following statements by the Borrower shall be true and correct (and the Borrower, by its execution of this Amendment, hereby represents and warrants to the Administrative Agent and each Lender that such
statements are true and correct as at such times): 
  
 (a) the representations and warranties set forth in Article VII of the Credit Agreement shall be true and correct with the same effect as if then made (unless stated to relate solely to an earlier date, in which case such representations
and warranties shall be true and correct as of such earlier date); and 
  
 (b) no Default shall have then occurred and be continuing. 
  
 SECTION 3. REPRESENTATIONS AND WARRANTIES. To induce the Lenders and the Administrative Agent to enter into this Amendment, the Borrower hereby represents and warrants to the Administrative Agent and each Lender as
follows: 
  
 3.1 Due Authorization, Non-Contravention, etc.
The execution, delivery and performance by the Borrower of this Amendment are within the Borrower’s corporate powers, have been duly authorized by all necessary corporate action, and do not 
  
 (a) contravene the Borrower’s organization documents;

  
 (b) contravene any contractual restriction,
law or governmental regulation or court decree or order binding on or affecting the Borrower; or 
  
 (c) result in, or require the creation or imposition of, any Lien on any of the Borrower’s properties. 
  
 3.2 Government Approval, Regulation, etc. No authorization or approval
or other action by, and no notice to or filing with, any governmental authority or regulatory body or other Person is required for the due execution, delivery or performance by the Borrower. 
  
 3.3 Validity, etc. This Amendment constitutes the legal, valid and
binding obligation of the Borrower enforceable in accordance with its terms. 
  
 SECTION 4. MISCELLANEOUS. 
  
 4.1
Continuing Effectiveness, etc. This Amendment shall be deemed to be an amendment to the Credit Agreement, and the Credit Agreement, as amended hereby, shall remain in full force and effect and is hereby ratified, approved and confirmed in
each and every respect. After the effectiveness of this Amendment in accordance with its terms, all references to the Credit Agreement in the Loan Documents or in any other document, instrument, agreement or writing shall be deemed to refer to the
Credit Agreement as amended hereby. 
  
 4.2 Payment of Costs
and Expenses. The Borrower agrees to pay on demand all expenses of the Administrative Agent (including the fees and out-of-pocket expenses of counsel 

 to the Administrative Agent) in connection with the negotiation, preparation, execution and delivery of this Amendment.

  
 4.3 Severability. Any provision of this Amendment which
is prohibited or unenforceable in any jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of this Amendment or affecting
the validity or enforceability of such provision in any other jurisdiction. 
  
 4.4 Headings. The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or any provisions hereof. 
  
 4.5 Execution in Counterparts. This Amendment may be executed by the
parties hereto in several counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. 
  
 4.6 Governing Law. THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF
THE STATE OF ILLINOIS. 
  
 4.7 Successors and Assigns. This
Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. 

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

					
	 	 	HORACE MANN EDUCATORS CORPORATION
			
	Signed April 28, 2005	 	By	 	 /s/ Peter H. Heckman

	 	 	Title:	 	EVP & CFO
			
	Signed April 28, 2005	 	By	 	 /s/ Dwayne D. Hallman

	 	 	Title:	 	SVP Finance
		
	 	 	 BANK OF AMERICA, N.A.,
individually and as Administrative Agent

			
	Signed April 28, 2005	 	By	 	 /s/ Debra Basler

	 	 	Title:	 	Senior Vice President
		
	 	 	 JPMORGAN CHASE BANK, N.A. (successor
to BANK ONE, NA)

			
	Signed May 3, 2005	 	By	 	 /s/ Thomas A. Kiepura, II

	 	 	Title:	 	Vice President
		
	 	 	NATIONAL CITY BANK OF MICHIGAN/ILLINOIS
			
	Signed April 28, 2005	 	By	 	 /s/ Steve Vilatte

	 	 	Title:	 	Vice PresidentRevised Schedule

 Exhibit 10.2(a) 
  
 Revised Schedule to Severance Agreement 
  
 Horace Mann Educators Corporation (“HMEC”) entered into severance agreements with the following persons on the dates shown. These agreements are
substantially identical to the one included as Exhibit 10.7 to HMEC’s Annual Report on Form 10-K for the year ended December 31, 2001 except that (1) the multiple of the highest annual compensation received by the employee in the five preceding
years used to determine a one-time cash payment is equal to the duration listed below and (2) the specified period during which such employee’s insurance benefits would continue is equal to the duration below, and except as indicated in
footnote (a). 
  

					
	Employee

	 	Duration

	 	Agreement Date

	Louis G. Lower II (a)	 	3 years	 	02-01-2000
			
	Ann M. Caparrós	 	2.9 years	 	03-07-1994
	Peter H. Heckman	 	2.9 years	 	04-10-2000
	Douglas W. Reynolds	 	2.9 years	 	11-12-2001
	Paul D. Andrews	 	2 years	 	07-02-2001
	Bret A. Conklin	 	2 years	 	01-14-2002
	Dwayne D. Hallman	 	2 years	 	01-21-2003
	William S. Hinkle	 	2 years	 	07-19-1999
	Deborah F. Kretchmar	 	2 years	 	06-17-2002
	Ricky A. Renner	 	2 years	 	07-09-2001
	Robert E. Rich	 	2 years	 	02-19-2001
	Peter M. Titone	 	2 years	 	01-08-2001

	(a)	HMEC entered into a severance agreement with Louis G. Lower II as set forth in the Lower Employment Agreement contained in Exhibit 10.12 to HMEC’s Annual Report on Form 10-K
for the year ended December 31, 1999.6th Amendment to Loan Agreement

 Exhibit 10.1 
  
  
 SIXTH AMENDMENT TO LOAN AGREEMENT

  
 This Sixth Amendment to Loan Agreement (this
“Amendment”) is entered into as of April 27, 2005 by and among: 
  
 CITIZENS BANK OF MASSACHUSETTS (the “Lender”) a Massachusetts bank with offices at 28 State Street, Boston, Massachusetts
02109, 
  
 and 
  
 LOJACK CORPORATION (in such capacity, the “Lead
Borrower”), a Massachusetts corporation with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090, as agent for the following (individually, a “Borrower” and collectively, the
“Borrowers”): 
  
 LOJACK CORPORATION, a
Massachusetts corporation with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090, 
  
 LOJACK INTERNATIONAL CORPORATION, a Delaware corporation with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood,
Massachusetts 02090, 
  
 LOJACK GLOBAL LLC, a Delaware limited
liability company with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090, 
  
 LOJACK OPERATING COMPANY, L.P., a Delaware limited partnership with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood,
Massachusetts 02090, 
  
 VEHICLE RECOVERY SYSTEMS COMPANY, a
corporation organized under the laws of the province of Nova Scotia, Canada with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090. 
  
 in consideration of the mutual covenants contained herein and the benefits to be derived herefrom. Unless otherwise specified herein, all
capitalized terms shall have the same meaning as set forth in the Loan Agreement (as hereinafter defined). 
  
 WITNESSETH 
  
 WHEREAS, the Borrowers executed and delivered to the Lender a certain Loan Agreement dated June 21, 2002, as amended by a certain First Amendment to Loan Agreement dated July 30, 2002, as further amended by a certain
Second Amendment to Loan Agreement dated November 1, 2002, as further amended by a certain Amendment No. 1 to Loan Agreement and Consent dated January 8, 2003, as further amended by a certain Third Amendment to Loan Agreement dated January 21, 2003,
as further amended by a certain Fourth Amendment to Loan Agreement dated June 8, 2004, and as further amended by a certain Fifth Amendment to Loan Agreement dated October 21, 2004 (as amended, the “Loan Agreement”); and 

 WHEREAS, the Borrowers and the Lender have agreed to further amend the Loan Agreement in order to, among
other things, (i) reduce the amount of the facility from $5,000,000 to $4,000,000, (ii) acknowledge that the loan facility is a demand facility and, accordingly, any outstanding loans or advances thereunder shall be repaid upon the Lender’s
demand, and (iii) acknowledge that any further loans and advances made under the facility shall be at the sole discretion of the Lender in each instance; and 
  
 WHEREAS, the Borrowers have determined that this Amendment is in the Borrowers’ best interests. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

	1.	The Borrowers hereby certify to the Lender that, to the best of each Borrower’s knowledge and belief after due inquiry, the representations and warranties contained in the Loan
Agreement are true as of the date hereof. 

  

	2.	The Loan Agreement is hereby amended by deleting the definition of “Revolving Credit Ceiling” appearing in Article 1 thereof in its entirety and inserting in lieu thereof
the following: 

  
 “            “Revolving Credit Ceiling”:        $4,000,000.00.” 
  

	3.	The Loan Agreement is hereby amended by deleting Exhibit 2:2-7 thereto in its entirety and inserting in lieu thereof Exhibit 2:2-7 hereto. 

  

	4.	The Loan Agreement is hereby amended wherever necessary to reflect the changes described above. 

  

	5.	The Borrowers acknowledge and agree that the Borrowers have no offsets, defenses, claims or counterclaims against the Lender with respect to the Loan Agreement, this Amendment or
any other document, instrument or agreement executed and delivered by the Borrowers to the Lender in connection therewith and, to the extent that the Borrowers have any such offsets, defenses, claims or counterclaims, each Borrower hereby
affirmatively WAIVES any such offsets, defenses, claims or counterclaims and specifically RELEASES the Lender from any such liability on account thereof. 

  

	6.	This Amendment and all other documents, instruments or agreements executed in connection herewith incorporate all discussions and negotiations between the Borrowers and the Lender,
either expressed or implied, concerning the matters included herein, any statute, custom, or usage to the contrary notwithstanding. No such discussions or negotiations shall limit, modify or otherwise affect the provisions hereof. No modification,
amendment, or waiver of any provision of this Amendment or the Loan Agreement or any provision under any other agreement, document or instrument between the Borrowers and the Lender shall be effective unless executed in writing by the party to be
charged with such modification, amendment or waiver, and if such party be the Lender, then by a duly authorized officer thereof. 

  

	7.	Except as specifically modified herein, the Loan Agreement shall remain in full force and effect as originally written and the Borrowers hereby ratify and confirm all terms and
conditions contained therein. 

  

	8.	This Amendment shall be construed in accordance with and governed by the laws of the Commonwealth of Massachusetts and shall take effect as a sealed instrument.

 IN WITNESS WHEREOF, the parties have hereunto set their hands and seals as of the date first
written above. 
  

					
	Lead Borrower:
	
	LOJACK CORPORATION
		
	By	 	 /s/    Keith Farris

	 	 	Duly Authorized
	
	Print Name: Keith Farris
	Title:            Chief Financial Officer
	
	Borrowers:
	
	LOJACK CORPORATION
		
	By	 	 /s/    Keith Farris

	 	 	Duly Authorized
	
	Print Name: Keith Farris
	Title:            Chief Financial Officer
	
	LOJACK INTERNATIONAL CORPORATION
		
	By	 	 /s/    Keith Farris

	 	 	Duly Authorized
	
	Print Name: Keith Farris
	Title:            Chief Financial Officer
	
	LOJACK GLOBAL LLC
		
	By:	 	LOJACK CORPORATION, its sole Member
			
	 	 	By	 	 /s/    Keith Farris

	 	 	Duly Authorized
		
	 	 	Print Name: Keith Farris
	 	 	Title:	 	            Chief Financial Officer

					
	LOJACK OPERATING COMPANY, L.P.
		
	By:	 	LOJACK CORPORATION, its General Partner
			
	 	 	By	 	 /s/    Keith Farris

	 	 	 	 	Duly Authorized
		
	 	 	Print Name: Keith Farris
	 	 	Title:            Chief Financial Officer
	
	 VEHICLE RECOVERY SYSTEMS
 COMPANY

		
	By	 	 /s/    Keith Farris

	 	 	Duly Authorized
	
	Print Name: Keith Farris
	Title:            Chief Financial Officer
	
	Lender:
	
	CITIZENS BANK OF MASSACHUSETTS
		
	By	 	 /s/    Lori B. Leeth

	 	 	Duly Authorized
	
	Print Name: Lori B. Leeth
	Title:            Senior Vice President

 EXHIBIT 2:2-7 
  

			
	REVOLVING CREDIT NOTE	 	CITIZENS BANK OF MASSACHUSETTS
		
	Boston, Massachusetts	 	April 27, 2005

  
 FOR VALUE RECEIVED,
the undersigned, LOJACK CORPORATION, a Massachusetts corporation with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090, (in such capacity, the “Lead Borrower”), as agent for the
following (collectively, the “Borrowers”): LOJACK CORPORATION, a Massachusetts corporation, LOJACK INTERNATIONAL CORPORATION, a Delaware corporation, LOJACK GLOBAL LLC, a Delaware limited liability company, LOJACK OPERATING COMPANY,
L.P., a Delaware limited partnership, and VEHICLE RECOVERY SYSTEMS COMPANY, a corporation organized under the laws of the province of Nova Scotia, Canada, jointly and severally unconditionally promise to pay to the order of CITIZENS BANK OF
MASSACHUSETTS, a Massachusetts bank with its offices at 28 State Street, Boston, Massachusetts 02109 (with any subsequent holder, the “Lender”) ON DEMAND Four Million Dollars ($4,000,000.00) or the aggregate unpaid principal
balance of loans and advances made to or for the account of the Borrowers pursuant to the Revolving Credit established pursuant to the Loan Agreement dated June 21, 2002, as amended from time to time (as such may be further amended, the
“Loan Agreement”) between the Lender, on the one hand, and the Lead Borrower and the Borrowers on the other, with interest at the rate and payable in the manner stated therein. 
  
 This is the “Revolving Credit Note” to which reference is made in
the Loan Agreement and is subject to all terms and provisions thereof. 
  
 The Lender’s books and records concerning loans and advances pursuant to the Revolving Credit, the accrual of interest thereon, and the repayment of such loans and advances, shall be prima facie evidence of the indebtedness hereunder.

  
 No delay or omission by the Lender in exercising or enforcing
any of the Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any default hereunder shall operate as a waiver of any other default
hereunder, nor as a continuing waiver. 

 Each of the Borrowers, and each endorser and guarantor of this Revolving Credit Note, respectively waives
presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. Each assents to any extension or other indulgence permitted by the Lender with respect to this Revolving Credit Note or any extension or other
indulgence with respect to any other liability or any collateral given to secure any other liability of any Borrower or any other person obligated on account of this Revolving Credit Note. 
  
 This Revolving Credit Note shall be binding upon each Borrower, and each
endorser and guarantor hereof, and upon their respective heirs, successors, assigns, and representatives, and shall inure to the benefit of the Lender and its successors, endorsees, and assigns. 
  
 The liabilities of each Borrower, and of any endorser or guarantor of this
Revolving Credit Note, are joint and several, provided, however, the release by the Lender of any one or more such person, endorser or guarantor shall not release any other person obligated on account of this Revolving Credit Note. Each
reference in this Revolving Credit Note to each Borrower, any endorser, and any guarantor, is to such person individually and also to all such persons jointly. No person obligated on account of this Revolving Credit Note may seek contribution from
any other person also obligated unless and until all liabilities, obligations and indebtedness to the Lender of the person from whom contribution is sought have been satisfied in full. 
  
 This Revolving Credit Note is delivered at the offices of the Lender in Boston, shall be governed by the laws of The
Commonwealth of Massachusetts, and shall take effect as a sealed instrument. 
  
 Each Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Lender in the establishment and maintenance of the Lender’s relationship with the Borrowers
contemplated by this Revolving Credit Note, is relying thereon. EACH BORROWER, TO THE EXTENT ENTITLED THERETO, WAIVES ANY PRESENT OR FUTURE RIGHT OF THAT BORROWER, OR OF ANY GUARANTOR OR ENDORSER OF THAT BORROWER OR OF ANY OTHER PERSON
LIABLE TO THE LENDER ON ACCOUNT OF OR IN RESPECT TO THE LIABILITIES TO A TRIAL BY JURY IN ANY CASE OR CONTROVERSY IN WHICH THE LENDER IS OR BECOMES A PARTY (WHETHER SUCH CASE OR CONTROVERSY IS INITIATED BY OR AGAINST THE LENDER OR IN WHICH THE
LENDER IS JOINED AS A PARTY LITIGANT), WHICH CASE OR CONTROVERSY ARISES OUT OF, OR IS IN RESPECT TO, ANY RELATIONSHIP AMONGST OR BETWEEN ANY BORROWER, ANY SUCH PERSON, AND THE LENDER. 

 EXECUTED under seal as of the date first written above. 
  

					
	Lead Borrower:
	
	LOJACK CORPORATION
		
	By	 	 /s/    Keith Farris

	 	 	Duly Authorized
	
	Print Name: Keith Farris
	Title:            Chief Financial Officer
	
	Borrowers:
	
	LOJACK CORPORATION
		
	By	 	 /s/    Keith Farris

	 	 	Duly Authorized
	
	Print Name: Keith Farris
	Title:            Chief Financial Officer
	
	LOJACK INTERNATIONAL CORPORATION
		
	By	 	 /s/    Keith Farris

	 	 	Duly Authorized
	
	Print Name: Keith Farris
	Title:            Chief Financial Officer
	
	LOJACK GLOBAL LLC
		
	By:	 	LOJACK CORPORATION, its sole Member
			
	 	 	By	 	 /s/    Keith Farris

	 	 	 	 	Duly Authorized
		
	 	 	Print Name: Keith Farris
	 	 	Title:            Chief Financial Officer

					
	LOJACK OPERATING COMPANY, L.P.
		
	By:	 	LOJACK CORPORATION, its General Partner
			
	 	 	By	 	 /s/    Keith Farris

	 	 	 	 	Duly Authorized
		
	 	 	Print Name: Keith Farris
	 	 	Title:            Chief Financial Officer
	
	VEHICLE RECOVERY SYSTEMS COMPANY
		
	By	 	 /s/    Keith Farris

	 	 	Duly Authorized
	
	Print Name: Keith Farris
	Title:            Chief Financial Officer

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