Document:

Exhibit 10.2

 

EXECUTION VERSION

 

CONSULTING SERVICES AGREEMENT

 

THIS CONSULTING SERVICES AGREEMENT (this “Agreement”) dated this 3rd day of March 2013 is entered into by and between Tuesday Morning Corporation (the “Company”) and Brady Churches (the “Consultant”).  For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1.                                      Consulting Period.  The Company shall retain the Consultant pursuant to the terms of this Agreement, and the Consultant shall provide the “Services” (as defined in Section 2 hereof), for a term of one year from the date of this Agreement.  Notwithstanding the foregoing, the Consultant or the Company may terminate the consulting arrangement hereunder at any time and for any reason (or no reason) by providing the other party with at least 10 calendar days’ advance written notice of such termination.  The period of time during which the Consultant is performing services to the Company hereunder shall be referred to herein as the “Consulting Period.”

 

2.                                      Services.  During the Consulting Period, the Company hereby retains the Consultant to  perform such services as the Company may reasonably request from time to time, including, without limitation, (a) providing transition services to facilitate a smooth transition of the Consultant’s job responsibilities to the Consultant’s successor, and (b) responding and providing information with regard to matters in which the Consultant has knowledge as a result of the Consultant’s prior employment with the Company, including, but not limited to selecting merchandise (the “Services”).  The Consultant may perform the Services at such times and in such manner as reasonably requested by the Company from time to time; provided that, the Consultant may perform the Service from any location of the Consultant’s choice and so long as the Consultant is available to report by telephone or in person as reasonably requested by the Company.  The Consultant shall report directly to the Company’s chief executive officer.  The Company shall neither have nor exercise any control over the methods by which the Consultant accomplishes the performance of the Services. The Consultant agrees to provide up to seven hours of Services per week, and shall not be obligated to provide more than seven hours of Services per week.

 

3.                                      Consulting Fees; Business Expenses.  In consideration for the services, the Company shall pay to Consultant (i) $125,000 in a single lump sum payment on March 11, 2013 by wire transfer to an account designated by the Consultant and (ii)$96,000 in 12 consecutive equal monthly payments of $8,000 commencing on April 1, 2013.  In the event (A) the Consultant terminates this Agreement, or (B) the Company terminates this Agreement due to a breach of the Separation Agreement by and between the Company and the Consultant dated the date of this Agreement (the “Separation Agreement”) or a breach of the Employment Agreement occurring after March 3, 2013, the Company shall have no further obligation to pay consulting fees to Consultant beginning with the first day of the calendar month following such termination; provided that in no event will the Consultant have any obligation to repay any amounts previously paid to the Consultant under this Agreement.  In addition, upon presentation of appropriate documentation, the Consultant shall be reimbursed, in accordance with the Company’s expense reimbursement policy, for all reasonable business expenses incurred in connection with the Consultant’s performance of the Services. In compliance with Section 409A (as defined in the Employment Agreement), the amount of expenses eligible for reimbursement during any calendar year shall not affect the amount of expenses eligible for reimbursement in any other calendar year; the reimbursement of eligible expense shall be made on or before December 31 of the calendar year following the calendar year in which the expense was incurred; the reimbursement(s) shall not be subject to liquidation or exchange for another benefit; and each reimbursement payment shall be one of a series of separate payments (and each shall be construed as a separately identified payment) for purposes of Section 409A.

 

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4.                                      Independent Contractor Status.  The Consultant acknowledges and agrees that the Consultant’s status at all times shall be that of an independent contractor, and that the Consultant may not, at any time, act as a representative for or on behalf of the Company for any purpose or transaction, and may not bind or otherwise obligate the Company in any manner whatsoever without obtaining the prior written approval of the Company therefor.  The parties hereby acknowledge and agree that all consulting fees paid pursuant to Section 3 hereof shall represent fees for services as an independent contractor, and shall therefor be paid without any deductions or withholdings taken therefrom for taxes or for any other purpose.  The Consultant further acknowledges that the Company makes no warranties as to any tax consequences regarding payment of such fees, and specifically agrees that the determination of any tax liability or other consequences of any payment made hereunder is the Consultant’s sole and complete responsibility and that the Consultant will pay all taxes, if any, assessed on such payments under the applicable laws of any federal, state, local or other jurisdiction and, to the extent not so paid, will indemnify the Company for any taxes so assessed against the Company.  The Consultant also agrees that during the Consulting Period, the Consultant shall not be entitled to participate in any of the employee benefit plans or arrangements of the Company, except as provided under the Separation Agreement.

 

5.                                      Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Texas, without regard to the choice of law principles thereof.

 

6.                                      Assignment.  This Agreement is personal to each of the parties hereto.  Except as provided in this Section 6, no party may assign or delegate any rights or obligations hereunder without first obtaining the written consent of the other party hereto.  The Company may assign this Agreement to any successor to all or substantially all of the business and/or assets of the Company.

 

7.                                      Notices.  For purposes of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given (a) on the date of delivery, if delivered by hand, (b) on the date of transmission, if delivered by confirmed facsimile or electronic mail, (c) on the first business day following the date of deposit, if delivered by guaranteed overnight delivery service, or (d) on the fourth business day following the date delivered or mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

 

	
If to the Consultant:
    	
At   the address (or to the facsimile number)
    
	
 
    	
shown   on the records of the Company.
    
	
 
    	
 
    
	
If to the Company:
    	
Tuesday   Morning Corporation
    
	
 
    	
6250   LBJ Freeway
    
	
 
    	
Dallas,   Texas 75240
    
	
 
    	
Attn:   General Counsel
    

 

or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt.

 

8.                                      Severability.  To the extent that any provision of this Agreement shall be invalid or unenforceable, it shall be considered deleted herefrom and the remainder of such provision and of this Agreement shall be unaffected and shall continue in full force and effect.

 

9.                                      Counterparts.  This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.

 

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10.                               Miscellaneous.  No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by the Consultant and such officer or other authorized individual as may be designated by the Board of Directors of the Company.  No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.  This Agreement represents the entire agreement and understanding between the parties hereto with respect to the subject matter hereof, supersedes any and all other agreements, verbal or otherwise, between the parties hereto concerning such subject matter, and no agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement.

 

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IN WITNESS WHEREOF, the parties have executed this Agreement on the date first written above.

 

 

	
 
    	
COMPANY
    	
 
    	
CONSULTANT
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Meredith W. Bjorck
    	
 
    	
/s/   Brady Churches
    
	
 
    	
 
    	
 
    	
 
    	
Brady   Churches
    
	
 
    	
Name:   
    	
Meredith   W. Bjorck
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
SVP,   General Counsel and Secretary
    	
 
    	
 
    

 

4Exhibit 4.10

 

AMENDMENT TO INDENTURE

 

AMENDMENT TO INDENTURE (this “Indenture Amendment”), dated as of March 6, 2013, between Good Sam Enterprises, LLC, a Delaware limited liability company (the “Company”), the Parent (as defined in the Indenture defined below), the Guarantors (as defined in the Indenture defined below), and The Bank of New York Mellon Trust Company, N.A., as trustee under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Company, the Parent and the Guarantors have heretofore executed and delivered to the Trustee an indenture dated as of November 30, 2010, as heretofore amended and supplemented (the “Indenture”), providing for the issuance of 11.50% Senior Secured Notes due 2016 (the “Notes”);

 

WHEREAS, the Company has proposed amending Section 5.09(b)(i) of the Indenture to increase the amount of Indebtedness that may be incurred by certain Restricted Subsidiaries pursuant to the Credit Facilities from $25.0 million to $35.0 million;

 

WHEREAS, Section 10.02 of the Indenture provides, among other things, that the Indenture Documents may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding, and such consent to this Indenture Amendment has heretofore been obtained.

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

 

1.                                      CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

2.                                      AMENDMENT TO SECTION 5.09(b)(i). Section 5.09(b)(i) of the Indenture is hereby amended in its entirety and replaced with the following:

 

“(i) the Incurrence by the Company or any Guarantor (including any Guarantees thereof) of Indebtedness pursuant to the Credit Facilities in an aggregate principal amount at any time outstanding not to exceed the sum of (A) $35.0 million, plus (B) in the event of any refinancing of any such Indebtedness, the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses incurred in connection with such refinancing, less the aggregate amount of all Net Proceeds of Asset Sales applied to permanently repay any such Indebtedness pursuant to Section 5.10;”

 

 

3.                                    EFFECTIVENESS. This Indenture Amendment shall be effective upon execution by the parties hereto.

 

4.                                    RECITALS. The recitals contained herein shall be taken as the statements of the Company and the Guarantors, and the Trustee assumes no responsibility for their correctness.  The Trustee makes no representations as to the validity or effectiveness of this Indenture Amendment.

 

5.                                    NEW YORK LAW TO GOVERN. THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE AMENDMENT.

 

6.                                    COUNTERPARTS. The parties hereto may sign any number of copies of this Indenture Amendment (including by electronic transmission).  Each signed copy shall be an original, but all of them together represent the same agreement.  The exchange of copies of this Indenture Amendment and of signature pages by facsimile or portable document format transmission shall constitute effective execution and delivery of this Indenture Amendment as to the parties hereto and may be used in lieu of the original Indenture Amendment for all purposes.  Signatures of the parties hereto transmitted by facsimile or portable document format shall be deemed to be their original signatures for all purposes.

 

7.                                    EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

 

IN WITNESS WHEREOF, the parties hereto have caused this Indenture Amendment to be duly executed as of the day and year first above written.

 

	
 
    	
GOOD   SAM ENTERPRISES, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brent Moody
    
	
 
    	
Name:
    	
Brent   Moody
    
	
 
    	
Title:
    	
EVP/Chief   Administrative and Legal Officer
    
	
 
    	
 
    	
 
    
	
 
    	
CAMPING   WORLD, INC.
    
	
 
    	
CAMPING   WORLD CARD SERVICES, INC.
    
	
 
    	
CAMPING   WORLD INSURANCE SERVICES OF
    
	
 
    	
KENTUCKY, INC.
    
	
 
    	
CAMPING   WORLD INSURANCE SERVICES OF
    
	
 
    	
NEVADA, INC.
    
	
 
    	
CAMPING   WORLD INSURANCE SERVICES OF
    
	
 
    	
TEXAS, INC.
    
	
 
    	
CWI, INC.
    
	
 
    	
CW   MICHIGAN, INC. 
    
	
 
    	
OUTDOOR   BUYS, INC.
    

 

 

	
 
    	
By:
    	
/s/   Brent Moody
    
	
 
    	
Name:
    	
Brent   Moody
    
	
 
    	
Title:
    	
EVP/Chief   Administrative and Legal Officer
    
	
 
    	
 
    
	
 
    	
AFFINITY   BROKERAGE, LLC
    
	
 
    	
AFFINITY   GUEST SERVICES, LLC
    
	
 
    	
AFFINITY   ROAD & TRAVEL CLUB, LLC
    
	
 
    	
AGI   PRODUCTIONS, LLC
    
	
 
    	
AMERICAS   ROAD & TRAVEL CLUB, INC.
    
	
 
    	
CAMP   COAST TO COAST, LLC
    
	
 
    	
COAST   MARKETING GROUP, LLC
    
	
 
    	
EHLERT   PUBLISHING GROUP, LLC
    
	
 
    	
GOLF   CARD INTERNATIONAL, LLC
    
	
 
    	
GOLF   CARD RESORT SERVICES, LLC
    
	
 
    	
GSS   ENTERPRISES, LLC
    
	
 
    	
POWER   SPORTS MEDIA, LLC
    
	
 
    	
TL   ENTERPRISES, LLC
    
	
 
    	
VBI,   LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brent Moody
    
	
 
    	
Name:
    	
Brent   Moody
    
	
 
    	
Title:
    	
EVP/Chief   Administrative and Legal Officer
    
	
 
    	
 
    
	
 
    	
AFFINITY   GROUP HOLDING, LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brent Moody
    
	
 
    	
Name:
    	
Brent   Moody
    
	
 
    	
Title:
    	
EVP/Chief   Administrative and Legal Officer
    
	
 
    	
 
    
	
 
    	
THE   BANK OF NEW YORK MELLON
    
	
 
    	
TRUST   COMPANY, N.A., as Trustee
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Melonee Young
    
	
 
    	
Name:
    	
Melonee   Young
    
	
 
    	
Title:
    	
Vice   President

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