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Exhibit 4.2(g)  

 
 

AGREEMENT TO AMEND
  WORKING CAPITAL REVOLVING PROMISSORY NOTE
  and MEZZANINE REVOLVING PROMISSORY NOTE    
    
    January 8, 2003    
    

        This Agreement to Amend Working Capital Revolving Promissory Note and Mezzanine Revolving Promissory Note, under date of March 31, 2002, by and between
2nd Swing, Inc., a Minnesota corporation ("Maker") and David R. Pomije ("Holder")
is entered into effective January 8, 2003: 

        For
value received, the parties hereto agree as follows: 

        1.     The
Maturity Date of the Working Capital Revolving Promissory Note is extended from March 31, 2003 to March 31, 2004 and the amount of the principal is
increased from up to $1,500,000.00 to up to $4,500,000.00, but all other terms and conditions of the Working Capital Revolving Promissory Note shall remain in full force and effect. 

        2.     In
the event an initial public offering ("Offering") or private placement, raising at least $10,000,000.00 in capital for
Holder, is closed on or before the Maturity Date, as extended, of the Working Capital Revolving Promissory Note, the principal plus all accrued interest on the Working Capital Promissory Note shall be
paid in full within five business days of the closing of either the Offering or private placement, as the case may be. 

        3.     The
Mezzanine Revolving Promissory Note under date of March 31, 2002, as amended March 31, 2002 is amended so that the Maturity Date of the Mezzanine
Revolving Promissory Note is extended from December 31, 2003 to March 31, 2004, but all other terms and conditions of the Mezzanine Revolving Promissory note shall remain in full force
and effect. Notwithstanding the foregoing, in the event an Offering or private placement, which raises at least $10,000,000.00 of capital for the Maker, on or before the Maturity Date of the Mezzanine
Revolving Promissory Note, as extended, the Maker shall pay in full the principal plus all accrued interest on the Mezzanine Revolving Promissory Note within five business days of closing on the
Offering or the private placement, as the case may be. 

        4.     The
Mezzanine Financing Letter Agreement dated March 31, 2002, as amended by Agreement dated March 31, 2003, between Maker and Holder, which sets forth,
among other things, the consideration to create the Mezzanine Revolving Promissory Note, is likewise amended so that reference to the Maturity Date (as therein defined) shall be amended if the
Offering or private placement does not close on or before December 31, 2003, so that the Maturity Date becomes March 31, 2004 (rather than the initial Maturity Date, as extended, of
December 31, 2003). All other terms and conditions of the March 31, 2002 Mezzanine Financing Letter Agreement shall remain in full force and effect 

        IN
WITNESS WHEREOF, the undersigned have duly executed and delivered this Agreement to Amend. 

	 	MAKER:
	

 	

2nd SWING, INC.,

a Minnesota corporation
	

 	

By:	

 
	 	 	
 Stanley A. Bodine

Its Chief Executive Officer
	

 	
HOLDER:
	

 	

 David R. Pomije

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AGREEMENT TO AMEND WORKING CAPITAL REVOLVING PROMISSORY NOTE and MEZZANINE REVOLVING PROMISSORY NOTE January 8, 2003QuickLinks
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Exhibit 4.2(h)  

 
 

AMENDED AND RESTATED SUBORDINATION AGREEMENT    
    

        This Amended and Restated Subordination Agreement, dated as of January 27, 2003, completely amends and restates the Subordination Agreement dated as of
November 21, 2002, made by David R. Pomije (the "Subordinated Creditor"), for the benefit of Wells Fargo Business Credit, Inc., a Minnesota corporation (the "Senior Lender"). 

        2ND
Swing, Inc., a Minnesota corporation (the "Borrower"), is now or hereafter may be indebted to the Senior Lender on account of loans or the other extensions of
credit or financial accommodations from the Senior Lender to the Borrower, or to any other person under the guaranty or endorsement of the Borrower. 

        The
Subordinated Creditor has made or may make loans or grant other financial accommodations to the Borrower. 

        As
a condition to making any loan or extension of credit to the Borrower, the Senior Lender has required that the Subordinated Creditor subordinate the payment of the Subordinated
Creditor's loans and other financial accommodations to the payment of any and all indebtedness of the Borrower to the Senior Lender. Assisting the Borrower in obtaining credit accommodations from the
Senior Lender and subordinating his interests pursuant to the terms of this Agreement are in the Subordinated Creditor's best interest. 

        ACCORDINGLY,
in consideration of the loans and other financial accommodations that have been made and may hereafter be made by the Senior Lender for the benefit of the Borrower, and for
other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Subordinated Creditor hereby agrees as follows: 

        1.    Definitions.    As used herein, the following terms have the meanings set forth below: 

        "Borrower
Default" means a Default or Event of Default as defined in any agreement or instrument evidencing, governing, or issued in connection with Senior Lender Indebtedness,
including, but not limited to, the Credit Agreement, or any default under or breach of any such agreement or instrument. 

        "Collateral"
means all collateral now or hereafter securing payment of the Senior Lender Indebtedness, including all proceeds thereof. 

        "Credit
Agreement" means that certain Credit and Security Agreement dated as of November 21, 2002, by and between the Borrower and the Senior Lender as the same may hereafter be
amended, supplemented or restated from time to time. 

        "Lien"
means any security interest, mortgage, deed of trust, pledge, lien, charge, encumbrance, title retention agreement or analogous instrument or device, including the interest of
each lessor under any capitalized lease and the interest of any bondsman under any payment or performance bond, in, of or on any assets or properties of a Person, whether now owned or hereafter
acquired and whether arising by agreement or operation of law. 

        "Proceeding"
shall mean any case or proceeding with respect to the Borrower, voluntary or involuntary, under Title 11 of the United States Code (the "Bankruptcy Code"), or any similar
existing or future law of any jurisdiction, state or federal, relating to bankruptcy, insolvency, reorganization or relief of debtors. 

        "Senior
Lender Indebtedness" means each and every debt, liability and obligation of every type and description which the Borrower may now or at any time hereafter owe to the Senior 

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Lender,
whether such debt, liability or obligation now exists or is hereafter created or incurred, and whether it is or may be direct or indirect, due or to become due, absolute or contingent, primary
or secondary, liquidated or unliquidated, or joint, several or joint and several, all interest thereon, and all fees, costs and other charges related thereto (including all interest, fees, costs and
other charges accruing after the commencement of any case, proceeding or other action relating to the bankruptcy insolvency or reorganization of the Borrower, whether or not allowed in such proceeding
or other action), all renewals, extensions and modifications thereof and any notes issued in whole or partial substitution therefor; provided that the principal amount of Senior Lender Indebtedness
shall not exceed $3,500.00 or other amount to which Subordinated Creditor and Borrower agree. 

        "Subordinated
Indebtedness" means all obligations arising under the Subordinated Note, except for warrants issued in connection with the Subordinated Note, and each and every other debt,
liability and obligation of every type and description which the Borrower may now or at any time hereafter owe to the Subordinated Creditor, whether such debt, liability or obligation now exists or is
hereafter created or incurred, and whether it is or may be direct or indirect, due or to become due, absolute or contingent, primary or secondary, liquidated or unliquidated, or joint, several or
joint and several. 

        "Subordinated
Note" means the Borrower's Mezzanine Revolving Promissory Note, dated as of March 31, 2002, payable to the order of the Subordinated Creditor in the amended
principal amount of $3,500,000, and the Working Capital Revolving Promissory Note, dated March 31, 2002, amended January 27, 2003, payable to the order of the in the amended principal
amount of $4,500,000, together with all renewals, extensions, and modifications thereof and any note or notes issued in substitution therefor. 

        2.    Subordination.    The payment of all of the Subordinated Indebtedness is hereby expressly subordinated to the
extent and in the manner hereinafter set forth to the payment in full of the Senior Lender Indebtedness; and regardless of any priority otherwise available to the Subordinated Creditor by law or by
agreement, the Senior Lender shall hold a first priority Lien in the Collateral, and any Lien claimed therein by the Subordinated Creditor shall be and remain fully subordinate for all purposes to the
Lien of the Senior Lender therein for all purposes whatsoever. The Subordinated Indebtedness shall continue to be subordinated to the Senior Lender Indebtedness even if the Senior Lender Indebtedness
is subordinated, avoided or disallowed under the United States Bankruptcy Code or other applicable law. 

        3.    Payments.    Until all of the Senior Lender Indebtedness has been paid in full, no agreement remains between the
Senior Lender and the Borrower with respect to further advances and the Senior Lender is obligated under applicable law to release its Lien in the Collateral, the Subordinated Creditor shall not,
without the Senior Lender's prior written consent, demand, receive or accept any payment (whether of principal, interest or otherwise) from the Borrower in respect of the Subordinated
Indebtedness, or exercise any right of or permit any setoff in respect of the Subordinated Indebtedness, except that the Subordinated Creditor may accept scheduled payments (but not prepayments) of
interest required to be paid under the Subordinated Note, so long as no Borrower Default has occurred and is continuing or will occur as a result of or immediately following any such payment. If the
Borrower raises new equity capital, whether through a private placement or a public stock offering after the date of this Agreement, the Subordinated Creditor may receive or accept principal payment
plus accrued interest up to the net proceeds of such new equity capital. 

        4.    Receipt of Prohibited Payments.    If the Subordinated Creditor receives any payment on the Subordinated
Indebtedness that the Subordinated Creditor is not entitled to receive under the provisions of this Agreement, the Subordinated Creditor will hold the amount so received in trust for the Senior Lender
and will forthwith turn over such payment to the Senior Lender in the form received 

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(except
for the endorsement of the Subordinated Creditor where necessary) for application to then-existing Senior Lender Indebtedness (whether or not due), in such manner of application as
the Senior Lender may deem appropriate. If the Subordinated Creditor exercises any right of setoff that the Subordinated Creditor is not permitted to exercise under the provisions of this Agreement,
the Subordinated Creditor will promptly pay over to the Senior Lender, in immediately available funds, an amount equal to the amount of the claims or obligations offset. If the Subordinated Creditor
fails to make any endorsement required under this Agreement, the Senior Lender, or any of its officers or employees or agents on behalf of the Senior Lender, is hereby irrevocably appointed as the
attorney-in-fact (which appointment is coupled with an interest) for the Subordinated Creditor to make such endorsement in the Subordinated Creditor's name. 

        5.    Action on Subordinated Indebtedness.    The Subordinated Creditor will not commence any action or proceeding
against the Borrower to recover all or any part of the Subordinated Indebtedness, or join with any creditor (unless the Senior Lender shall so join) in bringing any proceeding against the Borrower
under any bankruptcy, reorganization, readjustment of debt, arrangement of debt receivership, liquidation or insolvency law or statute of the federal or any state government, or take possession of,
sell, or dispose of any Collateral, or exercise or enforce any right or remedy available to the Subordinated Creditor with respect to any such Collateral, unless and until the Senior Lender
Indebtedness has been paid in full, no agreement remains between the Senior Lender and the Borrower regarding additional advances and the Senior Lender is obligated under applicable law to release its
Lien in the Collateral. 

        6.    Action Concerning Collateral.    

        (a)   Notwithstanding
any Lien now held or hereafter acquired by the Subordinated Creditor, the Senior Lender may take possession of, sell, dispose of, and otherwise deal with
all or any part of the Collateral, and may enforce any right or remedy available to it with respect to the Borrower or the Collateral, all without notice to or consent of the Subordinated Creditor
except as specifically required
by applicable law and except for ten (10) business days notice prior to sale or disposal of any Collateral to an unrelated third party outside the ordinary course of business. 

        (b)   In
addition, and without limiting the generality of the foregoing, if (i) a Borrower Default has occurred and is continuing, (ii) the Borrower intends to
sell or otherwise dispose of any Collateral to an unrelated third party outside the ordinary course of business, (iii) the Senior Lender has given written notice thereof to the Subordinated
Creditor, and (iv) the Subordinated Creditor has failed, within ten (10) business days after receipt of such notice, to purchase for cash the Senior Lender Indebtedness for the full
amount thereof, the Subordinated Creditor shall be deemed to have consented to such sale or disposition, to have released any Lien it may have in such Collateral and to have authorized the Senior
Lender or its agents to file partial releases (and any related financing statements such as "in-lieu" financing statements under Part 7 of Article 9 of the Uniform Commercial
Code) with respect to such Collateral. In the event the Subordinated Creditor purchases the Senior Lender Indebtedness, the Senior Lender shall simultaneously execute and deliver appropriate
assignment documents to the Subordinated Creditor and promptly file the appropriate assignments of its UCC-1 financing statement. 

        (c)   Except
as required by applicable law, the Senior Lender shall have no duty to preserve, protect, care for, insure, take possession of, collect, dispose of, or otherwise
realize upon any of the Collateral, and in no event shall the Senior Lender be deemed the Subordinated Creditor's agent with respect to the Collateral. All proceeds received by the Senior Lender with
respect to any Collateral may be applied, first, to pay or reimburse the Senior Lender for all costs and expenses (including reasonable attorneys' fees) incurred by the Senior Lender in connection
with the collection of such proceeds, and, second, to any Senior Lender Indebtedness secured by the Senior Lender's Lien in that Collateral, in any order that it may choose. 

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        7.    Bankruptcy and Insolvency.    In the event of any receivership, insolvency, bankruptcy, assignment for the
benefit of creditors, reorganization or arrangement with creditors, whether or not pursuant to bankruptcy law, the sale of all or substantially all of the assets of the Borrower, dissolution,
liquidation or any other marshalling of the assets or liabilities of the Borrower, the Subordinated Creditor will file all claims, proofs of claim or other instruments of similar character necessary
to enforce the obligations of the Borrower in respect of the Subordinated Indebtedness and will hold in trust for the Senior Lender and promptly pay over to the Senior Lender in the form received
(except for the endorsement of the Subordinated Creditor where necessary) for application to the then-existing Senior Lender Indebtedness, any and all moneys, dividends or other assets
received in any such proceedings on account of the Subordinated Indebtedness, unless and until all of the Senior Lender Indebtedness has been paid in full, no agreement remains between the Senior
Lender and the Borrower with respect to further advances and the Senior Lender is obligated under applicable law to release its Lien in the Collateral,. If the Subordinated Creditor shall fail to take
any such action, the Senior Lender, as attorney-in-fact for the Subordinated Creditor, may take such action on the Subordinated Creditor's behalf. The Subordinated Creditor
hereby irrevocably appoints the Senior Lender, or any of its officers or employees on behalf of the Senior Lender, as the attorney-in-fact for the Subordinated Creditor (which
appointment is
coupled with an interest) with the power but not the duty to demand, sue for, collect and receive any and all such moneys, dividends or other assets and give acquittance therefor and to file any
claim, proof of claim or other instrument of similar character, to vote claims comprising Subordinated Indebtedness to accept or reject any plan of partial or complete liquidation, reorganization,
arrangement, composition or extension and to take such other action in the Senior Lender's own name or in the name of the Subordinated Creditor as the Senior Lender may deem necessary or advisable for
the enforcement of the agreements contained herein; and the Subordinated Creditor will execute and deliver to the Senior Lender such other and further powers-of-attorney or
instruments as the Senior Lender may request in order to accomplish the foregoing. If the Senior Lender desires to permit the use of cash collateral or to provide post-petition financing
to the Borrower, the Subordinated Creditor shall not object to the same or assert that its interests are not being adequately protected. 

        8.    Restrictive Legend; Transfer of Subordinated Indebtedness.    The Subordinated Creditor will cause the
Subordinated Note and all other notes, bonds, debentures or other instruments evidencing the Subordinated Indebtedness or any part thereof (except for warrants issued in connection with the
Subordinated Note) to contain a specific statement thereon to the effect that the indebtedness thereby evidenced is subject to the provisions of this Agreement, and the Subordinated Creditor will mark
its books conspicuously to evidence the subordination effected hereby. Attached hereto is a true and correct copy of the Subordinated Note bearing such legend. At the request of the Senior Lender, the
Subordinated Creditor shall deposit with the Senior Lender the Subordinated Note and all of the other notes, bonds, debentures or other instruments evidencing the Subordinated Indebtedness, which
notes, bonds, debentures or other instruments may be held by the Senior Lender so long as any Senior Lender Indebtedness remains outstanding or the Senior Lender's Lien in the Collateral has not been
terminated. The Subordinated Creditor is the lawful holder of the Subordinated Note and has not transferred any interest therein to any other person. Without the prior written consent of the Senior
Lender, the Subordinated Creditor will not assign, transfer or pledge to any other person any of the Subordinated Indebtedness or agree to a discharge or forgiveness of the same, which consent shall
not be unreasonably withheld, conditioned or delayed. 

        9.    Continuing Effect.    This Agreement shall constitute a continuing agreement of subordination, and the Senior
Lender may, without prior notice to or consent by the Subordinated Creditor, modify any term of the Senior Lender Indebtedness in reliance upon this Agreement. Without limiting the generality of the
foregoing, the Senior Lender may, at any time and from time to time, without the consent of or notice to the Subordinated Creditor and without incurring responsibility to the 

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Subordinated
Creditor or impairing or releasing any of the Senior Lender's rights or any of the Subordinated Creditor's obligations hereunder: 

        (a)   change
the interest rate or change the amount of payment or extend the time for payment or renew or otherwise alter the terms of any Senior Lender Indebtedness or any
instrument evidencing the same in any manner; 

        (b)   sell,
exchange, release or otherwise deal with any property at any time securing payment of the Senior Lender Indebtedness or any part thereof; 

        (c)   release
anyone liable in any manner for the payment or collection of the Senior Lender Indebtedness or any part thereof; 

        (d)   exercise
or refrain from exercising any right against the Borrower or any other person (including the Subordinated Creditor); and 

        (e)   apply
any sums received by the Senior Lender, by whomsoever paid and however realized, to the Senior Lender Indebtedness in such manner as the Senior Lender shall deem
appropriate. 

The
Senior Lender agrees to provide notice to the Subordinated Lender promptly following all modifications to the Senior Lender Indebtedness, provided that failure of the Subordinated Lender to do so,
except in bad faith, shall not affect the terms of this Agreement. 

The
Subordinated Creditor hereby waives any and all right to require the marshalling of assets in connection with the exercise of any of the Senior Lender's remedies permitted by applicable law or
agreement. 

        10.    No Commitment.    None of the provisions of this Agreement shall be deemed or construed to constitute or imply
any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower. 

        11.    Notice.    All notices and other communications hereunder shall be in writing and shall be
(i) personally delivered, (ii) transmitted by registered mail, postage prepaid, or (iii) transmitted by telecopy with proof of transmission, in each case addressed to the party to
whom notice is being given at its address as set forth below: 

If
to the Senior Lender: 

Wells
Fargo Business Credit, Inc.

MAC N9312-040

Wells Fargo Center

Sixth Street and Marquette Avenue

Minneapolis, Minnesota 55479

Telecopier: (612) 341-2472

Attention: Sean P. Olmstead 

If
to the Subordinated Creditor: 

David
J. Pomije

801 Tonkawa Road

Long Lake, MN 55356

Telecopier: (952) 471-0637 

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With
copies to: 

2nd
Swing, Inc.

5810 Baker Road

Minnetonka, MN 55343

Telecopier (952)-345-3777

Attention: Stanley A Bodine, Chief Executive Officer 

and

Moss &
Barnett

4800 Wells Fargo Center

90 South Seventh Street

Minneapolis, MN 55402-4129

Telecopier: (612) 347-0300

Attention: Barry Lazarus 

or
at such other address as may hereafter be designated in writing by that party. All such notices or other communications shall be deemed to have been given on (i) the date received if
delivered personally, (ii) the date of posting if delivered by mail, or (iii) the date of transmission if delivered by telecopy. 

        12.    Conflict in Agreements.    If the subordination provisions of any instrument evidencing Subordinated
Indebtedness conflict with the terms of this Agreement, the terms of this Agreement shall govern the relationship between the Senior Lender and the Subordinated Creditor. 

        13.    No Waiver.    No waiver shall be deemed to be made by the Senior Lender of any of its rights hereunder unless
the same shall be in writing signed on behalf of the Senior Lender, and each such waiver, if any, shall be a waiver only with respect to the specific matter or matters to which the waiver relates and
shall in no way impair the rights of the Senior Lender or the obligations of the Subordinated Creditor to the Senior Lender in any other respect at any time. 

        14.    Binding Effect; Acceptance.    This Agreement shall be binding upon the Subordinated Creditor and the
Subordinated Creditor's heirs, legal representatives, successors and assigns and shall inure to the benefit of the Senior Lender and its participants, successors and assigns irrespective of whether
this or any similar agreement is executed by any other Subordinated Creditor of the Borrower. Notice of acceptance by the Senior Lender of this Agreement or of reliance by the Senior Lender upon this
Agreement is hereby waived by the Subordinated Creditor. 

        15.    Acknowledgement of Authorized Termination.    If the Senior Lender Indebtedness has been paid in full,
no agreement remains between the Senior Lender and the Borrower with respect to further advances and the Senior Lender is obligated under applicable law to release its Lien in the Collateral, the
Senior Lender agrees promptly to cause its financing statements to be terminated and to provide separate written acknowledgment that it has authorized the termination of such financing statements. 

        16.    Miscellaneous.    The paragraph headings herein are included for convenience of reference only and shall not
constitute a part of this Agreement for any other purpose. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute
one instrument. 

        17.    Governing Law; Consent to Jurisdiction and Venue; Waiver of Jury Trial.    This Agreement shall be governed by
and construed in accordance with the substantive laws (other than conflict laws) of the State of Minnesota. Each party consents to the personal jurisdiction of the state and federal courts located in
the State of Minnesota in connection with any controversy related to this Agreement, waives any argument that venue in any such forum is not convenient, and agrees that any litigation initiated by any
of them in connection with this Agreement may be venued in either the state or federal courts located in Hennepin County, Minnesota. THE PARTIES WAIVE ANY RIGHT TO TRIAL BY
JURY IN ANY ACTION OR PROCEEDING BASED ON OR PERTAINING TO THIS ACKNOWLEDGMENT.

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IN
WITNESS WHEREOF, the Subordinated Creditor has executed this Agreement as of the date and year first above-written. 

	 	 	/s/ David R. Pomije
 David R. Pomije
	 	 	 

Acknowledgment by Borrower  

        The undersigned, being the Borrower referred to in the foregoing Agreement, hereby (i) acknowledges receipt of a copy thereof, (ii) agrees to all of
the terms and provisions thereof, (iii) agrees to and with the Senior Lender that it shall make no payment on the Subordinated Indebtedness that the Subordinated Creditor would not be entitled
to receive under the provisions of the Agreement, (iv) agrees that any such payment will constitute a default under the Senior Lender Indebtedness, and (v) agrees to mark its books
conspicuously to evidence the subordination of the Subordinated Indebtedness effected hereby. 

	 	2ND SWING, INC.
	

 	

By	

/s/ Stanley A. Bodine
 Chief Executive Officer

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EXHIBIT A    
    

attach
copy of Subordinated Note with following legend 

THIS
INSTRUMENT IS SUBJECT TO THE TERMS OF AN AMENDED AND RESTATED SUBORDINATION AGREEMENT BY DAVID J. POMIJE IN FAVOR OF WELLS FARGO BUSINESS CREDIT, INC. DATED AS OF JANUARY 27, 2003 

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AMENDED AND RESTATED SUBORDINATION AGREEMENT

EXHIBIT A

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