Document:

Exhibit 10.2

 

FIRST SUPPLEMENTAL INDENTURE

 

FIRST
SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”),
entered into as of June 16, 2005, among Advanstar Communications Inc., a
New York corporation (the “Company”), the
guarantors party hereto (the “Guarantors”)
and Wells Fargo Bank, N.A. (successor by merger to Wells Fargo Bank Minnesota,
N.A.), as trustee (the “Trustee”).

 

RECITALS

 

WHEREAS, the
Company, the Guarantors party thereto and the Trustee entered into the
Indenture, dated as of August 18, 2003 (the “Indenture”),
relating to the Company’s Second Priority Senior Secured Floating Rate Notes
due 2008 (the “Floating Rate Notes”) and 10 3/4%
Second Priority Senior Secured Notes due 2010;

 

WHEREAS, the
Company and the Guarantors propose certain amendments to the Indenture (the “Proposed Amendments”) with respect to the Floating Rate
Notes only, which Proposed Amendments must be approved with the written consent
of the holders (the “Holders”) of a
majority of the outstanding aggregate principal amount of the Floating Rate
Notes;

 

WHEREAS, the
Company and the Guarantors also propose certain additional amendments to the
Indenture (the “Additional Amendments” and
together with the Proposed Amendments, the “Amendments”)
with respect to the Floating Rate Notes only, which Additional Amendments must
be approved with the written consent of the Holders of at least two-thirds of
the outstanding aggregate principal amount of the Floating Rate Notes;

 

WHEREAS, the
Company has made an offer to purchase the Floating Rate Notes and solicited the
consents of the Holders of the Floating Rate Notes to the Amendments pursuant
to the Offer to Purchase and Consent Solicitation Statement dated May 31,
2005 (the “Offer and Solicitation”), each
upon the terms and subject to the conditions set forth therein;

 

WHEREAS,
pursuant to the Offer and Solicitation, Company has received the valid consents
of the Holders of at least a majority in outstanding aggregate principal amount
of the Floating Rate Notes consenting to the substance of the Proposed
Amendments set forth in this Supplemental Indenture;

 

WHEREAS,
pursuant to the Offer and Solicitation, the Company has received the valid
consents of the Holders of at least two-thirds in outstanding aggregate
principal amount of the Floating Rate Notes consenting to the substance of the
Additional Amendments set forth in this Supplemental Indenture;

 

WHEREAS, all
conditions and requirements necessary to make this Supplemental Indenture a
valid, binding, and legal instrument in accordance with the terms of the
Indenture have been performed and fulfilled and the execution and delivery
hereof have been in all respects duly authorized; and

 

 

WHEREAS,
pursuant to Section 9.06 of the Indenture, the Trustee is authorized to
execute and deliver this Supplemental Indenture.

 

NOW,
THEREFORE, in consideration of the premises herein contained and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, it is mutually covenanted and agreed as follows:

 

Section 1.  Defined Terms.  Capitalized terms used herein and
not otherwise defined herein are used as defined in the Indenture.

 

Section 2.  Proposed Amendments to
Indenture.  Effective as of
the Amendment Effective Date for the Proposed Amendments (as defined below):

 

(a)           The
following Sections of the Indenture shall no longer apply with respect to the
Floating Rate Notes and the corresponding provisions in the Floating Rate Notes
shall be deemed to be deleted in their entirety and replaced with the phrase “Intentionally
Omitted”:

 

	
  Existing Section Number

  	
   

  	
  Caption

  
	
   

  	
   

  	
   

  
	
  Section 4.03
  in its entirety

  	
   

  	
  Reports

  
	
   

  	
   

  	
   

  
	
  Section 4.04
  in its entirety

  	
   

  	
  Compliance
  Certificate

  
	
   

  	
   

  	
   

  
	
  Section 4.05
  in its entirety

  	
   

  	
  Taxes

  
	
   

  	
   

  	
   

  
	
  Section 4.07
  in its entirety

  	
   

  	
  Restricted
  Payments

  
	
   

  	
   

  	
   

  
	
  Section 4.08
  in its entirety

  	
   

  	
  Dividend and
  Other Payment Restrictions Affecting Restricted Subsidiaries.

  
	
   

  	
   

  	
   

  
	
  Section 4.09
  in its entirety

  	
   

  	
  Incurrence
  of Indebtedness and Issuance of Preferred Stock

  
	
   

  	
   

  	
   

  
	
  Section 4.11
  in its entirety

  	
   

  	
  Transactions
  with Affiliates

  
	
   

  	
   

  	
   

  
	
  Section 4.12
  in its entirety

  	
   

  	
  Liens

  
	
   

  	
   

  	
   

  
	
  Section 4.13
  in its entirety

  	
   

  	
  Corporate
  Existence

  
	
   

  	
   

  	
   

  
	
  Section 4.15
  in its entirety

  	
   

  	
  Limitation
  on Sale and Leaseback Transactions

  
	
   

  	
   

  	
   

  
	
  Clauses
  (d) and (e) of Section 4.17

  	
   

  	
  Further
  Assurances; Collateral Inspections and Reports; Costs and Indemnification

  

 

(b)           Section 5.01
of the Indenture captioned “Merger, Consolidation, or Sale of Assets” is hereby
amended by rendering each of clause (c), clause (d) and the last sentence
of Section 5.01 inapplicable with respect to the Floating Rate Notes.

 

2

 

(c)           Section 6.01
of the Indenture captioned “Events of Default” is hereby amended by rendering
each of clauses (d), (e), (f), (g), (j) and (k) inapplicable with respect to
the Floating Rate Notes.

 

(d)           Any
definitions used exclusively in the provisions of the Indenture which no longer
apply to the Floating Rate Notes pursuant to Paragraphs (a) through (c) of
this Section 2 are hereby deleted in their entirety from the Floating Rate
Notes and in the Indenture shall no longer apply with respect to the Floating
Rate Notes and all references to paragraphs, sections, articles or other terms
or provisions of the Indenture which no longer apply to the Floating Rate Notes
pursuant to Paragraphs (a) through (c) of this Section 2 above
are hereby deleted in their entirety in the Floating Rate Notes and in the
Indenture shall no longer apply to the Floating Rate Notes.

 

Section 3.  Additional Amendments to the
Indenture. Effective as of the Amendment Effective Date for the
Additional Amendments (as defined below):

 

(a)           The
following Sections of the Indenture shall no longer apply with respect to the
Floating Rate Notes and the corresponding provisions in the Floating Rate Notes
shall be deemed to be deleted in their entirety and replaced with the phrase “Intentionally
Omitted”:

 

	
  Existing Section Number

  	
   

  	
  Caption

  
	
   

  	
   

  	
   

  
	
  Section 4.10
  in its entirety

  	
   

  	
  Asset Sales

  
	
   

  	
   

  	
   

  
	
  Section 4.14
  in its entirety

  	
   

  	
  Offer to
  Repurchase upon Change of Control

  
	
   

  	
   

  	
   

  
	
  Clauses (a),
  (b) and (c) of Section 4.17

  	
   

  	
  Further
  Assurances; Collateral Inspections and Reports; Costs and Indemnification

  

 

(b) Any
definitions used exclusively in the provisions of the Indenture which no longer
apply to the Floating Rate Notes pursuant to this Paragraph (a) of this Section 3
are hereby deleted in their entirety from the Floating Rate Notes and in the
Indenture shall no longer apply to the Floating Rate Notes, and all references
to paragraphs, sections, articles or other terms or provisions of the Indenture
which no longer apply to the Floating Rate Notes pursuant to Paragraphs (a) of
this Section 3 above are hereby deleted in their entirety in the Floating
Rate Notes and in the Indenture shall no longer apply to the Floating Rate
Notes.

 

(c)           The
Second Priority Liens are hereby released in their entirety with respect to the
Floating Rate Notes.

 

The Trustee
will instruct the Collateral Agent to execute and deliver and the Collateral
Agent will promptly execute and deliver, such instruments effectuating or
confirming such release of the Second Priority Liens which will have the effect
solely of releasing such Second Priority Liens as to the Collateral described
therein, on customary terms and without any recourse, representation, warranty
or liability whatsoever.

 

3

 

Section 4.   Indenture Ratified.  Except as hereby otherwise
expressly provided, the Indenture is in all respects ratified and confirmed,
and all the terms, provisions and conditions thereof shall be and remain in
full force and effect.

 

Section 5.  Counterparts.  This Supplemental Indenture may be
signed in various counterparts which together will constitute one and the same
instrument.

 

Section 6.  Supplemental Indenture Is a
Supplement To Indenture.  This
Supplemental Indenture is an amendment supplemental to the Indenture and this
Supplemental Indenture will henceforth be read together.

 

Section 7.  Governing Law.  This Supplemental Indenture shall
be governed by and construed in accordance with the laws of the State of New
York.

 

Section 8.  References to Supplemental
Indenture.  Any and all
notices, requests, certificates and other instruments executed and delivered
after the execution and delivery of this Supplemental Indenture may refer to
the Indenture without making specific reference to this Supplemental Indenture,
but nevertheless all such references to the Indenture shall include this
Supplemental Indenture unless the context otherwise requires.

 

Section 9.  Effect of this Supplemental
Indenture.  From and after the
Amendment Effective Date, the Indenture shall be deemed to be modified as
herein provided but except as modified hereby, the Indenture shall continue in
full force and effect. The Indenture as modified hereby shall be read taken and
construed as one and the same instrument.

 

Section 10.  Severability.  In the event that any provisions
of this Supplemental Indenture shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

 

Section 11.  Trust Indenture Act.  If any provisions hereof limit,
qualify or conflict with any provisions of the Trust Indenture Act of 1939
required under the Trust Indenture Act of 1939 to be a part of and govern this
Supplemental Indenture, the provisions of the Trust Indenture Act of 1939 shall
control. If any provision hereof modifies or excludes any provision of the
Trust Indenture Act of 1939 that pursuant to the Trust Indenture Act of 1939
may be so modified or excluded, the provisions of the Trust Indenture Act of
1939 as modified or excluded hereby shall apply.

 

Section 12.  Trustee Makes No
Representation.  The Trustee
makes no representation as to the validity or adequacy of this Supplemental
Indenture or the recitals contained herein.

 

Section 13.  Effect of Headings.  The section headings herein
are for convenience only and shall not affect the construction thereof.

 

Section 14.  Effectiveness.  This Supplemental Indenture shall
become effective upon execution by the Company, the Guarantors and the Trustee.
As used herein, the “Amendment Effective Date”
shall mean (i) with respect to Proposed Amendments, the date that the
Company delivers written notice to the Trustee that consents have been received
from Holders of at least a majority of the then outstanding aggregate principal
amount of Floating Rate Notes and the

 

4

 

related Notes have been accepted for purchase
in the Offer and Solicitation and (ii) with respect to the Additional
Amendments, the date that the Company delivers written notice to the Trustee
that consents have been received from Holders of at least two-thirds of the
then outstanding aggregate principal amount of the Floating Rate Notes and the
related Notes have been accepted for purchase in the Offer and Solicitation.

 

[Signature Page Follows]

 

5

 

IN WITNESS
WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written.

 

 

	
   

  	
  ADVANSTAR
  COMMUNICATIONS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David W.
  Montgomery

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David W.
  Montgomery

  
	
   

  	
   

  	
  Title:

  	
  V.P. Finance
  and CFO

  
	
   

  	
   

  
	
   

  	
  MEN’S
  APPAREL GUILD IN

        CALIFORNIA, INC., as Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David W.
  Montgomery

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David W. Montgomery

  
	
   

  	
   

  	
  Title:

  	
  V.P. Finance
  and CFO

  
	
   

  	
   

  
	
   

  	
  APPLIED
  BUSINESS

        teleCOMMUNICATIONS, as

        Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David W.
  Montgomery

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David W. Montgomery

  
	
   

  	
   

  	
  Title:

  	
  V.P. Finance
  and CFO

  
	
   

  	
   

  
	
   

  	
  WELLS
  FARGO BANK, N.A., as

         Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jane Y.
  Schweiger

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Jane Y.
  Schweiger

  
	
   

  	
   

  	
  Title:

  	
  Vice PresidentExhibit 10.168.1

 

Termination of Inducement Stock Option

 

Reference
is made to that certain option to purchase 750,000 shares of Common Stock of
The Immune Response Corporation (the “Company”) that was granted to Robert E.
Knowling, Jr. (“Knowling”)
pursuant to the Inducement Stock Option Grant Notice dated February 9, 2005
(the “Option”).

 

The
Company and Knowling agree that the Option is hereby terminated, effective
immediately.

 

Dated:
June 22, 2005

 

	
   

  	
  The
  Immune Response Corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael K. Green

  	
   

  
	
   

  	
   

  	
  Michael K. Green

  
	
   

  	
   

  	
  Vice President, Finance
  and Chief Financial

  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Robert E. Knowling, Jr.

  	
   

  
	
   

  	
  Robert E.
  Knowling, Jr.

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