Document:

exv10w18

 

Exhibit 10.18

WAIVER AND BORROWING BASE REDETERMINATION AGREEMENT

     This WAIVER AND BORROWING BASE REDETERMINATION AGREEMENT (this “Agreement”) dated as of
December 20, 2007, is among COMSTOCK RESOURCES, INC. (the “Borrower”), the banks named on the
signature pages hereto (together with their respective successors and assigns in such capacity,
each as a “Lender”), and BANK OF MONTREAL, as administrative agent for the Lenders (in such
capacity, together with its successors and assigns, the “Administrative Agent”).

PRELIMINARY STATEMENT

     A. The Borrower, the Administrative Agent, the Lenders and certain other parties have entered
into that certain Second Amended and Restated Credit Agreement dated as of December 15, 2006 (as
amended, restated, modified or supplemented from time to time until the date hereof, the “Credit
Agreement”).

     B. Comstock Oil & Gas, LP (a partnership wholly owned by the Borrower; hereinafter “COGI”), as
buyer, and SWEPI LP, a Delaware limited partnership (“SWEPI”), as seller, entered into a certain
Purchase and Sale Agreement, dated as of November 26, 2007 (as amended from time to time, the
“SWEPI Wilcox Agreement”), pursuant to which COGI will purchase, directly or indirectly, from SWEPI
certain oil and gas properties located in South Texas and described therein (the “SWEPI Wilcox
Properties”; and the acquisition of the SWEPI Wilcox Properties by COGI from SWEPI, the “SWEPI
Wilcox Acquisition”), subject to certain potential adjustments in accordance with the terms of the
SWEPI Agreement.

     C. In order to achieve certain tax efficiencies, COGI expects to structure the SWEPI Wilcox
Acquisition to qualify for reverse like-kind exchange treatment under section 1031 of the Code and
the regulations and revenue procedures promulgated thereunder, including Rev. Proc. 2000-37.

     D. In furtherance of the reverse like-kind exchange, COGI will assign the SWEPI Wilcox
Agreement to Comstock (Wilcox), LLC, a Delaware limited liability company (“Comstock (Wilcox)”)
that is not affiliated with COGI, and will lend to Comstock (Wilcox) up to $170,000,000 from the
proceeds of Borrowings under the Credit Agreement.

     E. The loan by COGI to Comstock (Wilcox) will be evidenced by a promissory note issued by
Comstock (Wilcox) in favor of COGI (the “Comstock (Wilcox) Note”) and secured by a mortgage or deed
of trust encumbering the SWEPI Wilcox Properties (the “Comstock (Wilcox) Mortgage”), which note and
mortgage or deed of trust will be pledged to the Administrative Agent for the benefit of itself,
the Lenders and the other secured parties to secure the Secured Obligations.

     F. The Borrower has provided to the Administrative Agent and the Lenders an engineering report
prepared by the Borrower setting forth the reserves, future production and income attributable to
the SWEPI Wilcox Properties (the “SWEPI Engineering Report”).

     G. The Borrower has requested that the Administrative Agent and the Lenders increase the
Borrowing Base in respect of the SWEPI Wilcox Acquisition, described above, as set forth herein.

     H. The Administrative Agent and the Lenders have agreed to increase the Borrowing Base in
respect of the SWEPI Wilcox Acquisition as set forth herein.

     NOW THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein,
the parties agree as follows:

     Section 1. Definitions. Unless otherwise defined in this Agreement, each capitalized term
used in this Agreement has the meaning assigned to such term in the Credit Agreement.

     Section 2. Waiver of Section 7.2. Section 7.2 of the Credit Agreement (which prohibits the
Borrower or any of its Restricted Subsidiaries from making any Investment unless otherwise
permitted therein) is hereby waived insofar as, AND ONLY INSOFAR AS, COGI shall be permitted to (a)
assign the SWEPI Wilcox Agreement to Comstock (Wilcox) and (b) make a loan to Comstock (Wilcox) in
an aggregate principal amount of up to $170,000,000 from the proceeds of Borrowings under the
Credit Agreement for the purpose financing the acquisition of the SWEPI Wilcox Properties by
Comstock (Wilcox), provided that not later than concurrently with the consummation of the
acquisition of the SWEPI Wilcox Properties by Comstock (Wilcox), COGI shall receive from Comstock
(Wilcox) the Comstock (Wilcox) Note and the Comstock (Wilcox) Mortgage.

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Exhibit 10.18

     Section 3. Redetermination of Borrowing Base.

(a) Upon the satisfaction of the conditions set forth in Section 7 below (the
“Increase Date”), the Borrowing Base shall be increased by $75,000,000 to
$575,000,000 (“Borrowing Base Increase”), which Borrowing Base shall remain in
effect until the Borrowing Base shall be (i) otherwise redetermined or adjusted in
accordance with Section 2.8 of the Credit Agreement, or (ii) otherwise agreed in
accordance with the Credit Agreement.

(b) Both the Borrower, on the one hand, and the Administrative Agent and the
Lenders, on the other hand, agree that the redetermination of the Borrowing Base
pursuant to this Section 3 shall not constitute an unscheduled redetermination of
the Borrowing Base for purposes of Section 2.8 of the Credit Agreement.

     Section 4. Fees. Promptly following the Increase Date, the Borrower shall pay to the
Administrative Agent for the account of each Lender a fee equal to 0.20% of each Lender’s
Percentage Share of $75,000,000.

     Section 5. Ratification. The Borrower hereby ratifies and confirms all of the Obligations
under the Credit Agreement and the other Loan Documents.

     Section 6. Effectiveness. This Agreement shall become effective on the first date on which
each of the conditions set forth in this Section 6 is satisfied:

(a) The Administrative Agent shall have received duly executed counterparts of this
Agreement from the Borrower, the Administrative Agent and each of the Lenders;

(b) The Administrative Agent shall have received from the Borrower a true and
complete copy of the fully executed SWEPI Wilcox Agreement, together with any
disclosure schedules delivered pursuant thereto;

(c) The Administrative Agent and the Lenders shall have received a copy of the SWEPI
Engineering Report; and

(d) The Borrower shall have confirmed and acknowledged to the Administrative Agent
and the Lenders, and by its execution and delivery of this Agreement, the Borrower
does hereby confirm and acknowledge to the Administrative Agent and the Lenders,
that (i) the execution, delivery and performance of this Agreement has been duly
authorized by all requisite corporate action on the part of the Borrower; (ii) the
Credit Agreement and each other Loan Document to which it is a party constitute
valid and legally binding agreements enforceable against the Borrower in accordance
with their respective terms, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other
similar laws relating to or affecting the enforcement of creditors’ rights generally
and by general principles of equity, (iii) the representations and warranties by the
Borrower contained in the Credit Agreement and in the other Loan Documents are true
and correct on and as of the date hereof in all material respects as though made as
of the date hereof, and (iv) no Default or Event of Default exists under the Credit
Agreement or any of the other Loan Documents.

     Section 7. Conditions to Borrowing Base Increases. The Borrowing Base Increase shall become
effective on the first date on which each of the conditions set forth in this Section 7 is
satisfied:

(a) The Administrative Agent shall have received from the Borrower a copy of all
title defect or environmental defect notices, if any, delivered by COGI to SWEPI
relating to any of the SWEPI Wilcox Properties;

(b) The Administrative Agent shall have received a Form U-1 or an amendment to any
previously delivered Form U-1, together with all annexes or schedules thereto and
any other documents or information related thereto as may be requested by the
Administrative Agent or any Lender, for each Lender duly completed and executed by
the Borrower in form and substance acceptable to each Lender (as evidenced by each
Lender having executed and returned a copy of its respective Form U-1) demonstrating
compliance with Regulation U issued by the Board after giving effect to the
Borrowing Base Increase;

(c) If, after giving effect to any Notice of Advance submitted by the Borrower the
proceeds of which are to be used to consummate the SWEPI Wilcox Acquisition, the
Outstanding Amount of all Credit Extensions would exceed $500,000,000, then the
Borrower shall deliver to the Administrative Agent a certificate of a Responsible
Officer of the Borrower with such Notice of Advance stating that the portion of the
SWEPI Wilcox Properties actually acquired by Comstock (Wilcox) (the “Acquired SWEPI
Wilcox Properties”) will constitute not less than ninety percent (90%) of the total
allocated value of the SWEPI Wilcox Properties in accordance with the allocation of
the “Purchase Price” (as defined in the SWEPI Wilcox Agreement) set forth in Exhibit
6.4 to the SWEPI Wilcox Agreement after giving effect to the application of such
Credit Extension;

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(d) The Administrative Agent shall have received a supplement to the Pledge
Agreement heretofore delivered by COGI pursuant to which COGI shall have pledged to
the Administrative Agent for the benefit of the secured parties thereunder the
Comstock (Wilcox) Note and the Comstock (Wilcox) Mortgage;

(e) The Administrative Agent shall have received (or shall be satisfied with
arrangements pursuant to which, promptly following the consummation of the
acquisition of the SWEPI Wilcox Properties by Comstock (Wilcox) the Administrative
Agent shall receive) the original counterpart of the Comstock (Wilcox) Note duly
endorsed by COGI in favor of the Administrative Agent and complete and original
executed counterparts of the Comstock (Wilcox) Mortgage duly executed by Comstock
(Wilcox); and

(f) The Administrative Agent shall be reasonably satisfied with the progress of COGI
with the results of COGI’s title and environmental due diligence with respect to the
SWEPI Wilcox Properties.

     Section 8. Conditions Subsequent to Borrowing Base Increases. The Borrower covenants and
agrees that within a reasonable period of time following the consummation of the SWEPI Wilcox
Acquisition (but in no event later than forty-five (45) days thereafter), the Borrower shall have
delivered, or caused to be delivered, each of the following items to the Administrative Agent:

(a) copies of releases of all Liens, if any, in favor of others burdening the
Acquired SWEPI Wilcox Properties at the time of their acquisition by Comstock
(Wilcox) (other than Excepted Liens);

(b) true and complete copies of the fully executed conveyance documents pursuant to
which SWEPI transfers, assigns and conveys to Comstock (Wilcox) the Acquired SWEPI
Wilcox Properties, together with evidence that the SWEPI Wilcox Acquisition has
become effective in accordance with the terms of the SWEPI Wilcox Agreement and all
Requirements of Law;

(c) a certificate of a Responsible Officer of the Borrower certifying that the
Comstock (Wilcox) acquired not less than ninety percent (90%) of the
total allocated value of the SWEPI Wilcox Properties in accordance with the allocation of
the “Purchase Price” (as defined in the SWEPI Wilcox Agreement) set forth in Exhibit
6.4 to the SWEPI Wilcox Agreement; and

(d) favorable title opinions or other title examination and title due diligence
reports satisfactory to the Administrative Agent covering at least 80% of the value
of the Acquired SWEPI Wilcox Properties showing title vested in SWEPI, COGI or
Comstock (Wilcox).

     Section 9. Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York.

     Section 10. Miscellaneous. (a) On and after the effectiveness of this Agreement, each
reference in each Loan Document to “this Agreement”, “this Note”, “this
Mortgage”, “hereunder”, “hereof” or words of like import, referring to such
Loan Document, and each reference in each other Loan Document to “the Credit Agreement”,
“the Notes”, “the Mortgages”, “thereunder”, “thereof” or words of
like import referring to the Credit Agreement, the Notes, or the Mortgage or any of them, shall
mean and be a reference to such Loan Document, the Credit Agreement, the Notes, the Mortgage or any
of them, as amended or otherwise modified by this Agreement; (b) the execution, delivery and
effectiveness of this Agreement shall not, except as expressly provided herein, operate as a waiver
of any default of the Borrower or any right, power or remedy of the Administrative Agent or the
Banks under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan
Documents; (c) this Agreement may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same agreement; and (d)
delivery of an executed counterpart of a signature page to this Agreement by telecopier shall be
effective as delivery of a manually executed counterpart of this Agreement.

     Section 11. Final Agreement. THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS, INCLUDING
THIS AGREEMENT, REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO ORAL
AGREEMENTS BETWEEN THE PARTIES.

     IN WITNESS WHEREOF, each of the parties hereto has caused this Waiver and Borrowing Base
Redetermination Agreement to be executed by its officer(s) thereunto duly authorized as of the date
first above written.

	 	 	 	 	 
	 	BORROWER:

COMSTOCK RESOURCES, INC., 

a Nevada corporation

 	 
	 	By:  	/s/ ROLAND O. BURNS
 	 
	 	 	Name:  	Roland O. Burns  	 
	 	 	Title:  	Chief Financial Officer 	 

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	 	ADMINISTRATIVE AGENT AND LENDERS:

BANK OF MONTREAL, as Administrative Agent and a

Lender

 	 
	 	By:  	/s/ JOSEPH A. BLISS
 	 
	 	 	Name:  	Joseph A. Bliss 	 
	 	 	Title:  	Managing Director 	 
	 
	 	BMO CAPITAL MARKETS FINANCING, INC., as Lender

 	 
	 	By:  	/s/ MARY LOU ALLEN
 	 
	 	 	Name:  	Mary Lou Allen 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANK OF AMERICA, N.A., as a Lender

 	 
	 	By:  	/s/ JEFFREY H. RATHKAMP
 	 
	 	 	Name:  	Jeffrey H. Rathkamp 	 
	 	 	Title:  	Managing Director 	 
	 
	 	COMERICA BANK, as a Lender

 	 
	 	By:  	/s/ PETER L. SEFZIK
 	 
	 	 	Name:  	Peter L. Sefzik  	 
	 	 	Title:  	Vice President 	 
	 
	 	FORTIS CAPITAL CORP., as a Lender

 	 
	 	By:  	/s/ MICHELE JONES
 	 
	 	 	Name:  	Michele Jones 	 
	 	 	Title:  	Director 	 
	 
	 	UNION BANK OF CALIFORNIA, N.A., 

as a Lender

 	 
	 	By:  	/s/ SEAN M. MURPHY
 	 
	 	 	Name:  	Sean M. Murphy  	 
	 	 	Title:  	Senior Vice President 	 
	 	

BANK OF SCOTLAND, as a Lender

 	 
	 	By:  	/s/ KAREN WEICH
 	 
	 	 	Name:  	Karen Weich 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 

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	 	CALYON NEW YORK BRANCH, as a Lender

 	 
	 	By:  	/s/ MICHAEL D. WILLIS
 	 
	 	 	Name:  	Michael D. Willis 	 
	 	 	Title:  	Director 	 
	 	 
 	 
	 	By:  	/s/ PAGE DILLEHUNT
 	 
	 	 	Name:  	Page Dillehunt 	 
	 	 	Title:  	Managing Director 	 
	 
	 	THE ROYAL BANK OF SCOTLAND plc, 

as a Lender

 	 
	 	By:  	/s/ LUCY WALKER
 	 
	 	 	Name:  	Lucy Walker 	 
	 	 	Title:  	Vice President 	 
	 
	 	THE BANK OF NOVA SCOTIA, as a Lender

 	 
	 	By:  	/s/ ANDREW OSTROV
 	 
	 	 	Name:  	Andrew Ostrov 	 
	 	 	Title:  	Director 	 
	 
	 	REGIONS BANK, successor by merger to AmSouth Bank, as a Lender

 	 
	 	By:  	/s/ WILLIAM A. PHILIPP
 	 
	 	 	Name:  	William A. Philipp  	 
	 	 	Title:  	Vice President 	 
	 
	 	COMPASS BANK, as a Lender

 	 
	 	By:  	/s/ DOROTHY MARCHAND
 	 
	 	 	Name:  	Dorothy Marchand 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	CAPITAL ONE, NATIONAL ASSOCIATION, 

as a Lender

 	 
	 	By:  	/s/ STAN G. WEISER JR.
 	 
	 	 	Name:  	Stan G. Weiser Jr.  	 
	 	 	Title:  	Vice President 	 

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	 	NATIXIS, as a Lender

 	 
	 	By:  	/s/ LOUIS P. LAVILLE, III
 	 
	 	 	Name:  	Louis P. Laville, III 	 
	 	 	Title:  	Managing Director 	 
	 	 

 	 
	 	By:  	/s/ DANIEL PAYER
 	 
	 	 	Name:  	Daniel Payer 	 
	 	 	Title:  	Director 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION, 

as a Lender

 	 
	 	By:  	/s/ TRACY HARNISCH
 	 
	 	 	Name:  	Tracy Harnisch 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	KEYBANK NATIONAL ASSOCIATION, 

as a Lender

 	 
	 	By:  	/s/ THOMAS RAJAN
 	 
	 	 	Name:  	Thomas Rajan 	 
	 	 	Title:  	Director 	 
	 

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ACKNOWLEDGMENT BY GUARANTORS

     Each of the undersigned Guarantors hereby (i) consents to the terms and conditions of that
certain Waiver and Borrowing Base Redetermination Agreement dated as of December 20, 2007 (the
“Agreement”), (ii) acknowledges and agrees that its consent is not required for the effectiveness
of the Agreement, (iii) ratifies and acknowledges its respective Obligations under each Loan
Document to which it is a party, and (iv) represents and warrants that (a) no Default or Event of
Default has occurred and is continuing, (b) it is in full compliance with all covenants and
agreements pertaining to it in the Loan Documents, and (c) it has reviewed a copy of the Agreement.

	 	 	 	 	 
	 	COMSTOCK OIL & GAS HOLDINGS, INC.

COMSTOCK OIL & GAS — LOUISIANA, LLC

COMSTOCK OFFSHORE, LLC

COMSTOCK OIL & GAS GP, LLC,

     By Comstock Resources, Inc., its sole member

COMSTOCK OIL & GAS, LP,

     By Comstock Oil & Gas GP, LLC,

     its general partner,

     By Comstock Resources, Inc., its sole member

 	 
	 	By:  	/s/ ROLAND O. BURNS
 	 
	 	 	Name:  	Roland O. Burns 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	COMSTOCK OIL & GAS INVESTMENTS, LLC

 	 
	 	By:  	/s/ ROLAND O. BURNS
 	 
	 	 	Name:  	Roland O. Burns 	 
	 	 	Title:  	Manager 	 
	 

7exv10w4

 

Exhibit 10.4

CASH AMERICA INTERNATIONAL, INC.

AMENDMENT NO. 3 TO NOTE AGREEMENT

As of December 21, 2007

To the Persons Named on

Annex 1 Hereto

Ladies and Gentlemen:

     Cash America International, Inc., a Texas corporation (hereinafter, the “Company”), together
with its successors and assigns, agrees with you as follows:

1. PRELIMINARY STATEMENTS.

     1.1. Note Issuance, etc.

     The Company issued and sold $42,500,000 in aggregate principal amount of its 7.20% Senior
Notes due August 12, 2009 (as they may be amended, restated or otherwise modified from time to
time, the “Senior Notes”) pursuant to that certain Note Agreement, dated as of August 12, 2002 (as
amended by that certain Amendment No. 1 to Note Agreement, dated as of September 7, 2004, and that
certain Amendment No. 2 to Note Agreement, dated as of December 31, 2006, and as in effect
immediately prior to giving effect to the Amendment (as defined below) provided for hereby, the
"Existing Note Agreement”, and as amended hereby, the “Note Agreement”). The register for the
registration and transfer of the Senior Notes indicates that the parties named in Annex 1 (the
"Current Holders”) to this Amendment No. 3 to Note Agreement (this “Amendment Agreement”) are
currently the holders of the entire outstanding principal amount of the Senior Notes.

2. DEFINED TERMS.

     Capitalized terms used herein and not otherwise defined herein have the meanings ascribed to
them in the Note Agreement.

3. AMENDMENT TO THE EXISTING NOTE AGREEMENT.

     Subject to Section 5, the Existing Note Agreement is amended as provided for by this Amendment
Agreement as follows:

     3.1. Section 2.01; Definition of “Consolidated Tangible Net Worth.” The definition of
“Consolidated Tangible Net Worth” set forth in Section 2.01 of the Existing Note Agreement shall be
and is hereby amended and restated in its entirety and replaced with the following definition:

     ““Consolidated Tangible Net Worth” means, as of any date, the total shareholders’ equity which
would appear on a consolidated balance sheet of the Company and the Consolidated Subsidiaries
prepared as of such date in accordance with GAAP less the sum of (i) the aggregate amount of all
currency translation adjustments (gains and losses) shown on such

 

 

balance sheet and (ii) the net book value of all Intangible Assets shown on such balance
sheet. As used in this definition, “Intangible Assets” means those assets (including licenses,
patents, copyrights, trademarks, tradenames, franchises, goodwill, experimental expenses and other
similar assets) which would be classified as intangible assets for purposes of a balance sheet
prepared in accordance with GAAP; provided that, as used in this definition, “Intangible Assets”
shall not include any intangible assets (including, without limitation, goodwill) acquired by the
Company or any Consolidated Subsidiary in connection with the Company’s acquisition of
substantially all of the assets of The Check Giant, LLC and its subsidiaries (d/b/a CashNetUSA) in
September 2006. For the avoidance of doubt, Consolidated Tangible Net Worth shall be calculated
giving effect to all past and future gains and losses of Subsidiaries and other entities which are
not Consolidated Subsidiaries, in each case as provided by GAAP.”

     Such amendment is referred to herein as the “Amendment.”

4. REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

     To induce you to enter into this Amendment Agreement and to consent to the Amendment, the
Company represents and warrants to you as follows:

     4.1. Full Disclosure.

     Neither the financial statements and other certificates previously provided to each of the
Current Holders pursuant to the provisions of the Existing Note Agreement nor the statements made
in this Amendment Agreement nor any other written statements furnished to each of the Current
Holders by or on behalf of the Company in connection with the proposal and negotiation of the
transactions contemplated hereby, taken as a whole, contained any untrue statement of a material
fact or omitted a material fact necessary to make the statements contained therein and herein not
misleading, in each case as of the time such financial statements or certificates were provided or
such statements were made or furnished. There is no fact known to the Company relating to any
event or circumstance that has occurred or arisen since the Closing Date that the Company has not
disclosed to each of the Current Holders in writing that has had or, so far as the Company can now
reasonably foresee, could reasonably be expected to have, a Material Adverse Effect.

     4.2. Power and Authority.

     The Company has all requisite corporate power and authority to enter into and perform its
obligations under this Amendment Agreement.

     4.3. Due Authorization.

     This Amendment Agreement has been duly authorized by all necessary action on the part of the
Company, has been executed and delivered by a duly authorized officer of the Company, and
constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with
its terms, except that enforceability may be limited by applicable bankruptcy, reorganization,
arrangement, insolvency, moratorium, or other similar laws affecting the enforceability of
creditors’ rights generally and subject to the availability of equitable remedies.

2

 

     4.4. No Defaults.

     No event has occurred and no condition exists that, upon the execution and delivery of this
Amendment Agreement, would constitute a Default or an Event of Default.

5. EFFECTIVENESS OF AMENDMENT.

     The Amendment shall become effective as of the first date written above (the “Effective Date”)
upon the satisfaction of all of the following conditions precedent:

     5.1. Execution and Delivery of this Amendment Agreement.

     The Company and the Required Holders shall have executed and delivered this Amendment
Agreement.

     5.2. Guarantors.

     Each Guarantor which delivered a Joint and Several Guaranty shall have executed and delivered
to you the Consent and Reaffirmation attached hereto as Exhibit A.

     5.3. Fees and Expenses.

     Whether or not the Amendment becomes effective, the Company will promptly (and in any event
within thirty Business Days of receiving any statement or invoice therefor) pay all reasonable
fees, expenses and costs relating to this Amendment Agreement, including, but not limited to, the
reasonable fees of your special counsel, Bingham McCutchen LLP, incurred in connection with the
preparation, negotiation and delivery of this Amendment Agreement and any other documents related
hereto. Nothing in this Section shall limit the Company’s obligations pursuant to Section 11.02 of
the Note Agreement.

6. MISCELLANEOUS.

     6.1. Part of Existing Note Agreement; Future References, etc.

     This Amendment Agreement shall be construed in connection with and as a part of the Existing
Note Agreement and, except as expressly amended by this Amendment Agreement, all terms, conditions
and covenants contained in the Existing Note Agreement are hereby ratified and shall be and remain
in full force and effect. Any and all notices, requests, certificates and other instruments
executed and delivered after the execution and delivery of this Amendment Agreement may refer to
the Existing Note Agreement without making specific reference to this Amendment Agreement, but
nevertheless all such references shall include this Amendment Agreement unless the context
otherwise requires.

     6.2. Counterparts.

     This Amendment 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. Each

3

 

counterpart may consist of a number of copies hereof, each signed by less than all, but
together signed by all, of the parties hereto.

     6.3. Governing Law.

     THIS AMENDMENT AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF
THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK EXCLUDING CHOICE-OF-LAW
PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF A
JURISDICTION OTHER THAN NEW YORK.

[Remainder of page intentionally left blank; next page is signature page.]

4

 

     If you are in agreement with the foregoing, please so indicate by signing the acceptance below
on the accompanying counterpart of this agreement and returning it to the Company, whereupon it
will become a binding agreement among you and the Company.

	 	 	 	 	 	 	 
	 	 	CASH AMERICA INTERNATIONAL, INC.	 	 
	 
	 

	 	By:
	 	/s/ Austin D. Nettle
 

	 	 
	 	 	Name: Austin D. Nettle	 	 
	 	 	Title: Vice President and Treasurer	 	 

[ Signature Page to Amendment No. 3 to 2002 Note Agreement ] 

 

     The foregoing Amendment Agreement is hereby accepted as of the date first above written. By
its execution below, each of the undersigned represents that it is either the registered owner of
one or more of the Senior Notes or is the beneficial owner of one or more of the Senior Notes and
is authorized to enter into this Amendment Agreement in respect thereof.

	 	 	 	 	 
	TEACHERS INSURANCE AND ANNUITY	 	 
	ASSOCIATION OF AMERICA	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Brian K. Roelke
 

Brian K. Roelke
	 	 
	Title:

	 	Director	 	 
	 
	 	 	 	 
	MINNESOTA LIFE INSURANCE COMPANY	 	 
	By:

	 	Advantus Capital Management, Inc.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph R. Betlei	 	 
	 

	 	 	 	 
	Name:

	 	Joseph R. Betlei	 	 
	Title:

	 	Vice President	 	 
	 
	 	 	 	 
	FARM BUREAU LIFE INSURANCE COMPANY 

OF MICHIGAN	 	 
	By:

	 	Advantus Capital Management, Inc.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph R. Betlei	 	 
	 

	 	 	 	 
	Name:

	 	Joseph R. Betlei	 	 
	Title:

	 	Vice President:	 	 
	 
	 	 	 	 
	AMERICAN FIDELITY ASSURANCE COMPANY	 	 
	By:

	 	Advantus Capital Management, Inc.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Robert W. Thompson	 	 
	 

	 	 	 	 
	Name:

	 	Robert W. Thompson	 	 
	Title:

	 	Vice President	 	 
	 
	 	 	 	 
	GREAT WESTERN INSURANCE COMPANY	 	 
	By:

	 	Advantus Capital Management, Inc.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Robert W. Thompson	 	 
	 

	 	 	 	 
	Name:

	 	Robert W. Thompson	 	 
	Title:

	 	Vice President	 	 

[ Signature Page to Amendment No. 3 to 2002 Note Agreement ] 

 

	 	 	 	 	 
	FARM BUREAU MUTUAL INSURANCE COMPANY 

OF MICHIGAN	 	 
	By:

	 	Advantus Capital Management, Inc.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Theodore R. Hoxmeier	 	 
	 

	 	 	 	 
	Name:

	 	Theodore R. Hoxmeier	 	 
	Title:

	 	Vice President	 	 
	 
	 	 	 	 
	FARM BUREAU GENERAL INSURANCE COMPANY 

OF MICHIGAN	 	 
	By:

	 	Advantus Capital Management, Inc.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Theodore R. Hoxmeier	 	 
	 

	 	 	 	 
	Name:

	 	Theodore R. Hoxmeier	 	 
	Title:

	 	Vice President	 	 
	 
	 	 	 	 
	MTL INSURANCE COMPANY	 	 
	By:

	 	Prudential Private Placement Investors, L.P. (as Investment Advisor)	 	 
	 

	 	By:    Prudential Private Placement Investors, Inc. (as its General Partner)	 	 
	 
	 	 	 	 
	By:

	 	/s/ Timothy M. Laczkowski	 	 
	 

	 	 	 	 
	Name:

	 	Timothy M. Laczkowski	 	 
	Title:

	 	Vice President	 	 

[ Signature Page to Amendment No. 3 to 2002 Note Agreement ] 

 

Annex 1

CURRENT HOLDERS

Teachers Insurance and Annuity Association of America

Minnesota Life Insurance Company

Farm Bureau Life Insurance Company of Michigan

MTL Insurance Company

American Fidelity Assurance Company

Great Western Insurance Company

Farm Bureau Mutual Insurance Company of Michigan

Farm Bureau General Insurance Company of Michigan

MetLife Insurance Company of Connecticut

 

 

Exhibit A

CONSENT AND REAFFIRMATION

     Each of the undersigned (the “Guarantors”) hereby (i) acknowledges receipt of a copy of the
foregoing Amendment No. 3 to Note Agreement (the “Third Amendment”); (ii) consents to the Company’s
execution and delivery thereof; (iii) agrees to be bound thereby; (iv) affirms that nothing
contained therein shall modify in any respect whatsoever its guaranty of the obligations of the
Company to the holders of the Senior Notes pursuant to the terms of those certain Joint and Several
Guaranties, entered into by the Guarantors pursuant to the terms of the Note Agreement
(collectively, the “Guaranty”); and (v) reaffirms that the Guaranty is and shall continue to remain
in full force and effect. Although each of the Guarantors has been informed of the matters set
forth herein and in the Third Amendment and has acknowledged and agreed to the same, such
Guarantors understand that the holders of the Senior Notes have no obligation to inform any of the
Guarantors of such matters in the future or to seek any of the Guarantors’ acknowledgment or
agreement to future amendments or waivers, and nothing herein shall create such a duty.
Capitalized terms used in this Consent and Reaffirmation and not otherwise defined herein have the
meanings ascribed to them in the Third Amendment.

 

 

     In witness whereof, each of the undersigned has executed this Consent and Reaffirmation on and
as of the date of such Third Amendment.

	 	 	 
	 

	 	GUARANTORS
	 

	 	 
	 

	 	BRONCO PAWN & GUN, INC.
	 

	 	CASH AMERICA ADVANCE, INC.
	 

	 	CASH AMERICA FINANCIAL SERVICES, INC.
	 

	 	CASH AMERICA FRANCHISING, INC.
	 

	 	CASH AMERICA HOLDING, INC.
	 

	 	CASH AMERICA, INC.
	 

	 	CASH AMERICA, INC. OF ALABAMA
	 

	 	CASH AMERICA, INC. OF ALASKA
	 

	 	CASH AMERICA, INC. OF COLORADO
	 

	 	CASH AMERICA, INC. OF ILLINOIS
	 

	 	CASH AMERICA, INC. OF INDIANA
	 

	 	CASH AMERICA, INC. OF KENTUCKY
	 

	 	CASH AMERICA, INC. OF LOUISIANA
	 

	 	CASH AMERICA, INC. OF NEVADA
	 

	 	CASH AMERICA, INC. OF NORTH CAROLINA
	 

	 	CASH AMERICA, INC. OF OKLAHOMA
	 

	 	CASH AMERICA, INC. OF SOUTH CAROLINA
	 

	 	CASH AMERICA, INC. OF TENNESSEE
	 

	 	CASH AMERICA, INC. OF UTAH
	 

	 	CASH AMERICA, INC. OF VIRGINIA
	 

	 	CASH AMERICA MANAGEMENT L.P.,
	 

	 	    by its general partner, CASH AMERICA HOLDING, INC.
	 

	 	CASH AMERICA OF MISSOURI, INC.
	 

	 	CASH AMERICA PAWN L.P.,
	 

	 	    by its general partner, CASH AMERICA HOLDING, INC.
	 

	 	CASH AMERICA PAWN, INC. OF OHIO
	 

	 	CASHLAND FINANCIAL SERVICES, INC.
	 

	 	DOC HOLLIDAY’S PAWNBROKERS & JEWELLERS, INC.
	 

	 	EXPRESS CASH INTERNATIONAL CORPORATION
	 

	 	FLORIDA CASH AMERICA, INC.
	 

	 	GEORGIA CASH AMERICA, INC. 

GAMECOCK PAWN & GUN, INC.
	 

	 	HORNET PAWN & GUN, INC.
	 

	 	LONGHORN PAWN AND GUN, INC.
	 

	 	MR. PAYROLL CORPORATION
	 

	 	RATI HOLDING, INC.

 

 

	 	 	 
	 

	 	TIGER PAWN & GUN, INC.
	 

	 	UPTOWN CITY PAWNERS, INC.
	 

	 	VINCENT’S JEWELERS AND LOAN, INC.

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jerry A Wackerhagen
 

	 	 
	 	 	Name: 	 	Jerry A. Wackerhagen	 	 
	 	 	Title: President	 	 

	 	 	 
	 

	 	CASH AMERICA NET HOLDINGS, LLC
	 

	 	CASH AMERICA NET CANADA, INC.

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Daniel R. Feehan
 

	 	 
	 	 	Name: Daniel R. Feehan	 	 
	 	 	Title: Chief Executive Officer	 	 

	 	 	 
	 

	 	CASH AMERICA NET OF ALABAMA, LLC
	 

	 	CASH AMERICA NET OF ALASKA, LLC
	 

	 	CASH AMERICA NET OF ARIZONA, LLC
	 

	 	CASH AMERICA NET OF CALIFORNIA, LLC
	 

	 	CASH AMERICA NET OF COLORADO, LLC
	 

	 	CASH AMERICA NET OF DELAWARE, LLC
	 

	 	CASH AMERICA NET OF FLORIDA, LLC
	 

	 	CASH AMERICA NET OF HAWAII, LLC
	 

	 	CASH AMERICA NET OF IDAHO, LLC
	 

	 	CASH AMERICA NET OF ILLINOIS, LLC
	 

	 	CASH AMERICA NET OF INDIANA, LLC
	 

	 	CASH AMERICA NET OF IOWA, LLC
	 

	 	CASH AMERICA NET OF KANSAS, LLC
	 

	 	CASH AMERICA NET OF LOUISIANA, LLC
	 

	 	CASHNET CSO OF MARYLAND, LLC
	 

	 	CASH AMERICA NET OF MICHIGAN, LLC
	 

	 	CASH AMERICA NET OF MINNESOTA, LLC
	 

	 	CASH AMERICA NET OF MISSISSIPPI, LLC
	 

	 	CASH AMERICA NET OF MISSOURI, LLC
	 

	 	CASH AMERICA NET OF MONTANA, LLC
	 

	 	CASH AMERICA NET OF NEBRASKA, LLC
	 

	 	CASH AMERICA NET OF NEVADA, LLC
	 

	 	CASH AMERICA NET OF NEW HAMPSHIRE, LLC

 

 

	 	 	 
	 

	 	CASH AMERICA NET OF NEW MEXICO, LLC
	 

	 	CASH AMERICA NET OF NORTH DAKOTA, LLC
	 

	 	CASH AMERICA NET OF OHIO, LLC
	 

	 	CASH AMERICA NET OF OKLAHOMA, LLC
	 

	 	CASH AMERICA NET OF OREGON, LLC
	 

	 	CASH AMERICA NET OF PA, LLC
	 

	 	CASH AMERICA NET OF PENNSYLVANIA, LLC
	 

	 	CASH AMERICA NET OF RHODE ISLAND, LLC
	 

	 	CASH AMERICA NET OF SOUTH DAKOTA, LLC
	 

	 	CASH AMERICA NET OF TEXAS, LLC
	 

	 	CASH AMERICA NET OF UTAH, LLC
	 

	 	CASH AMERICA NET OF VIRGINIA, LLC,
	 

	 	CASH AMERICA NET OF WASHINGTON, LLC
	 

	 	CASH AMERICA NET OF WISCONSIN, LLC
	 

	 	CASH AMERICA NET OF WYOMING, LLC
	 

	 	CASHNETUSA CO, LLC
	 

	 	CASHNETUSA OR, LLC
	 

	 	THE CHECK GIANT NM, LLC
	 

	 	CASHEURONET UK, LLC
	 
	 

	 	by their Manager, CASH AMERICA NET HOLDINGS, LLC

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Daniel R. Feehan
 

	 	 
	 	 	Name: Daniel R. Feehan	 	 
	 	 	Title: Chief Executive Officer

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