Document:

EXHIBIT
10.46

 

AMENDMENT
NO. 1 TO ENDORSEMENT SPLIT DOLLAR PLAN AGREEMENT

 

 

WHEREAS, an Endorsement Split Dollar Plan Agreement (the “Agreement”)
was entered into and made effective as of June 7, 2000, at Clovis, California,
County of Fresno, State of California, by and between Clovis Community Bank and Daniel J.
Doyle (hereinafter referred to as “Executive”); and

 

WHEREAS, Clovis Community Bank changed its name to Central Valley Community Bank
(hereinafter referred to as “Employer” or “Bank”), effective as of April 29,
2002; and

 

WHEREAS, Employer desires to increase the death benefits payable to the
Executive under the Agreement; and

 

WHEREAS, Employer and Executive desire to amend the Agreement as set
forth herein, effective as of April 1, 2003;

 

For good and valuable consideration, receipt of which is hereby
acknowledged, the Agreement is hereby amended as follows:

 

1.             Article VI, Division
of Death Proceeds, subsections A and B, is amended to read as follows:

 

A.            Should the Insured die while employed by the
Bank before he attains age sixty-five (65), the Insured’s beneficiary(ies),
designated in accordance with Paragraph III, shall be entitled to an amount
equal to Nine Hundred Sixty-Nine Thousand Five Hundred Thirty-One Dollars
($969,531).

 

B.            Should the Insured die while employed by
the Bank after he attains age sixty-five (65), or if the Insured retired from
the Bank after attaining age sixty-two (62) and dies thereafter, then the
Insured’s beneficiary(ies), designated in accordance with Paragraph III, shall
be entitled to the amount set forth in Exhibit A, attached hereto, and fully
incorporated herein by reference, that corresponds to the age of the Insured at
the time of death.

 

2.             Article IX,
Termination of Agreement, subsections 1 and 2, are revised as follows:

 

“This Agreement shall terminate upon the occurrence of any one of the
following:

1.             The Insured shall
leave the employment of the Bank voluntarily at any time before attaining age
sixty-two (62); or

2.             The Insured attains
the age of seventy-nine (79); or”

 

3.             Exhibit A, Amount of
Death Benefit, is revised to read as follows:

 

 

	
  EXHIBIT A

  
	
   

  
	
  Age of Insured at the

  Time of Death

  	
   

  	
  Amount of

  Death Benefit

  
	
  65 or earlier

  	
   

  	
  1,613,243

  
	
  66

  	
   

  	
  1,566,972

  
	
  67

  	
   

  	
  1,512,470

  
	
  68

  	
   

  	
  1,448,993

  
	
  69

  	
   

  	
  1,375,744

  
	
  70

  	
   

  	
  1,291,860

  
	
  71

  	
   

  	
  1,196,411

  
	
  72

  	
   

  	
  1,088,398

  
	
  73

  	
   

  	
  966,741

  
	
  74

  	
   

  	
  830,279

  
	
  75

  	
   

  	
  677,762

  
	
  76

  	
   

  	
  507,844

  
	
  77

  	
   

  	
  319,075

  
	
  78

  	
   

  	
  109,895

  
	
  79 and later

  	
   

  	
  0 and this Agreement automatically
  terminates

  

 

1

 

EXECUTED this  22 day of October,
2003.

 

	
   

  	
  CENTRAL VALLEY COMMUNITY BANK

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Daniel N. Cunningham

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title: Chairman of the Board

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EXECUTIVE

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/Daniel J. Doyle

  	
   

  	
   

  
	
   

  	
  Daniel J. Doyle

  	
   

  
						

 

2Exhibit
10.1

 

SECOND AMENDMENT

 

SECOND
AMENDMENT (this “Amendment”), dated as of September 16, 2003, among
Nash-Finch Company, a Delaware corporation (the “Borrower”), the lenders
party to the Credit Agreement referred to below (the “Lenders”) and
Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company),
as administrative agent for the Lenders (the “Administrative Agent”).  All capitalized terms used herein and not
otherwise defined shall have the respective meanings provided such terms in the
Credit Agreement referred to below.

 

W  I  T
N  E  S  S  E  T  H :

 

WHEREAS, the Borrower, the Lenders, the Syndication
Agents, the Documentation Agent and the Administrative Agent have entered into
that certain Credit Agreement, dated as of December 19, 2000 (as amended,
modified or supplemented through, but not including, the date hereof, the “Credit
Agreement”); and

 

WHEREAS, the parties hereto wish to amend the Credit
Agreement on the terms and conditions set forth herein;

 

NOW, THEREFORE, it is agreed:

 

1.             Section 8.01(a) of the Credit
Agreement is hereby amended by inserting the following parenthetical after the
text “45 days” appearing therein:

 

“(or such shorter period as may be required by the SEC for the filing
of quarterly reports on Form 10-Q by Persons subject to Section 13(a) or 15(d)
of the Securities Exchange Act)”.

 

2.             Section 8.01(b) of the Credit
Agreement is hereby amended by inserting the following parenthetical after the
text “90 days” appearing therein:

 

“(or such shorter period as may be required by the SEC for the filing
of annual reports on Form 10-K by Persons subject to Section 13(a) or 15(d) of
the Securities Exchange Act)”.

 

3.  Section 8.01(g) of the Credit Agreement is hereby amended by
inserting the text “(i)” immediately after the text “Other Reports and
Filings” appearing therein and adding the following new clause (ii) at the
end thereof:

 

“(ii)  On or prior to the dates
by which the Borrower is required to file annual reports, quarterly reports and
other documents with the SEC pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act, or any successor provision thereto, copies of such
reports and documents as filed with the SEC; provided that if at any
time the Borrower is no longer subject to such provisions, it shall continue to
provide to each Lender (and, to the extent permitted by SEC practice and
applicable law and regulations, file with the SEC) copies of such reports and
documents on or prior to the dates it would be required to file such reports
and documents with the SEC if it were then subject to such provisions.”.

 

1

 

4.             Section 9.04(xii) of the Credit
Agreement is hereby amended by deleting the amount “75,000,000” appearing
therein and inserting “50,000,000” in lieu thereof.

 

5.             Section 9.05(xii) of the Credit
Agreement is hereby amended by deleting the amount “65,000,000” appearing
therein and inserting “90,000,000” in lieu thereof.

 

6.                                       Section 13.16 of the Credit Agreement is
hereby amended by inserting the following new clause (c) at the end of said
Section:

 

“(c)                            None of the Lenders nor the Administrative Agent or any of its
affiliates (collectively, “DB”) or the Borrower provide accounting, tax or legal advice. 
Notwithstanding anything provided herein, and any express or
implied claims of exclusivity or proprietary rights, the Borrower, each Lender
and DB hereby agree and acknowledge that the Borrower, each Lender and DB (and
each of their employees, representatives or other agents) are authorized to disclose
to any and all Persons, beginning immediately upon commencement of their
discussions and without limitation of any kind, the tax treatment and tax
structure of the transactions contemplated by this Agreement, and all materials
of any kind (including opinions or other tax analyses) that are provided by the
Borrower, any Lender or DB to the other relating to such tax treatment and tax
structure, except to the extent that such
disclosure is subject to restrictions reasonably necessary to comply with securities
laws.  In this regard, the Borrower, each Lender and DB acknowledge
and agree that disclosure of the tax treatment and tax structure of the
transactions contemplated by this Agreement has not been and is not limited in
any manner by an express or implied understanding or agreement (whether oral or
written, and whether or not such understanding or agreement is legally binding), except to the extent that such disclosure is
subject to restrictions reasonably necessary to comply with securities laws.  For purposes of this authorization, “tax
treatment” means the purported or claimed U.S. federal income tax treatment of
the transaction, and “tax structure” means any fact that may be relevant to
understanding the purported or claimed U.S. federal income tax treatment of the
transaction.  This Section 13.16(c)
is intended to reflect the understanding of the Borrower, each Lender and DB
that the transactions contemplated by this Agreement have not been offered under
“conditions of confidentiality” as that phrase is used in Treasury Regulation
§§ 1.6011-4(b)(3)(i) and 301.6111-2(c)(i), and shall be interpreted in a
manner consistent therewith.  The Borrower, each Lender and DB confirm that they
have not made or provided to, or for the benefit of, the other any oral or
written statement as to any potential U.S. federal tax consequences that are
related to, or may result from, the transactions contemplated by this
Agreement.”.

 

7.                                       Schedule IX to the Credit Agreement
captioned “Closed Locations” is hereby deleted in its entirety and replaced
with the schedule attached hereto as Annex A.

 

8.                                       The Lenders hereby agree that notwithstanding
anything to the contrary contained in Section 9.02(xvii) of the Credit
Agreement, the Net Sale Proceeds received by the Borrower in connection with
the sale of its retail store located at 300 West 11th Street,
Williston, North Dakota, shall not be applied against the $10,000,000 and
$25,000,000 baskets set forth in Section 9.02(xvii) of the Credit
Agreement; so long as such sale otherwise complies with each of the conditions
set forth in Section 9.02(xvii) of the Credit Agreement.

 

9.                                       In order to induce the Lenders to enter into
this Amendment, the Borrower hereby represents and warrants that, both before
and after giving effect to this Amendment, (x) no Default or Event of Default
exists on the Second Amendment Effective Date (as defined below) and (y) all of
the representations and warranties contained in the Credit Agreement and the
other Credit Documents shall be true and correct in all material respects on
the date hereof and on the Second

 

2

 

Amendment Effective Date with
the same effect as though such representations and warranties had been made on
and as of such date (it being understood that any representation or warranty
made as of a specific date shall be true and correct in all material respects
as of such specific date).

 

10.                                 This Amendment is limited as specified and
shall not constitute a modification, acceptance or waiver of any other
provision of the Credit Agreement or any other Credit Document, and the
Administrative Agent and the Lenders hereby reserve all of their rights and
remedies otherwise available to them under the Credit Agreement, the Credit
Documents and applicable law.

 

11.                                 This Amendment may be executed in any number
of counterparts and by the different parties hereto on separate counterparts,
each of which counterparts when executed and delivered shall be an original,
but all of which shall together constitute one and the same instrument.  A complete set of counterparts shall be
lodged with the Borrower and the Administrative Agent.

 

12.                                 THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
THE LAW OF THE STATE OF NEW YORK.

 

13.                                 This Amendment shall become effective on the
date (the “Second Amendment Effective Date”) when (i) the Borrower and
the Required Lenders shall have signed a counterpart hereof (whether the same
or different counterparts) and shall have delivered (including by way of
facsimile transmission) the same to the Administrative Agent at the Notice
Office and (ii) all fees and other compensation contemplated payable in
connection with this Amendment shall have been paid to the extent due.

 

14.                                 From and after the Second Amendment Effective
Date, all references in the Credit Agreement and each of the Credit Documents
to the Credit Agreement shall be deemed to be references to the Credit
Agreement as amended hereby.

 

*     *     *

 

IN WITNESS WHEREOF, each of
the parties hereto has caused a counterpart of this Amendment to be duly
executed and delivered as of the date first above written.

 

	
   

  	
  NASH-FINCH COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
    /s/ Robert B.
  Dimond

  
	
   

  	
  Name:

  	
  Robert B. Dimond

  
	
   

  	
  Title:

  	
  Executive Vice President,
  Chief Financial Officer & Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
  DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly
  known as Bankers Trust Company), Individually and as Administrative Agent

  
					

 

3

 

	
   

  	
  By

  	
    /s/ Mary Jo
  Jolly

  
	
   

  	
  Name:

  	
  Mary Jo Jolly

  
	
   

  	
  Title:

  	
  Assistant Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK OF TOKYO-MITSUBISHI, LTD., CHICAGO BRANCH

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
    /s/ Patrick
  McCue

  
	
   

  	
  Name:

  	
  Patrick McCue

  
	
   

  	
  Title:

  	
  Vice President &
  Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GENERAL ELECTRIC CAPITAL CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
    /s/ Leanne C.
  Manning

  
	
   

  	
  Name:

  	
  Leanne C. Manning

  
	
   

  	
  Title:

  	
  Duly Authorized Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GMAC COMMERCIAL FINANCE, LLC successor, by merger,
  to GMAC COMMERCIAL CREDIT LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
    /s/ David
  Duffy

  
	
   

  	
  Name:

  	
  David Duffy

  
	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  HARRIS TRUST AND SAVINGS BANK

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
    /s/ C. Scott
  Place

  
	
   

  	
  Name:

  	
  C. Scott Place

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LaSALLE BANK, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
    /s/ Peter
  Pricco

  
	
   

  	
  Name:

  	
  Peter Pricco

  
	
   

  	
  Title:

  	
  Commercial Banking Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TRANSAMERICA
  BUSINESS CAPITAL

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
    /s/ Stephen K.
  Goetschius

  
	
   

  	
  Name:

  	
  Stephen K. Goetschius

  
	
   

  	
  Title:

  	
  Senior Vice President

  
					

 

Annex A, “Closed Locations,”
has been omitted from this Exhibit 10.1. Nash Finch agrees to furnish
supplementally a copy of Annex A to the Securities and Exchange Commission upon
request.

 

4

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