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Exhibit 10.1    
  

Conformed Copy  

EXTENSION AGREEMENT 

        EXTENSION
AGREEMENT (this "Agreement"), dated as of April 29, 2003, among the following: 

        (a)
VTR GLOBALCOM S.A. (formerly known as VTR Hipercable S.A.), a Chilean corporation (the "Company"), 

        (b)
the subsidiaries of the Company listed on the signature pages hereto (the "Subsidiary Guarantors"), 

        (c)
TORONTO DOMINION (TEXAS), INC., as agent for the lenders party to the Credit Agreement referred to below (in such capacity, together with its successors in such capacity, the
"Administrative Agent"), and 

        (d)
each of the lenders party to the Credit Agreement (the "Lenders"). 

        The
Company, the Subsidiary Guarantors, the Administrative Agent and the Lenders are parties to a Credit Agreement, dated as of April 29, 1999 (as amended and in effect
immediately prior to the date hereof, the "Credit Agreement"). The parties hereto wish to enter into this Agreement to extend the maturity date of the
loans provided for by the Credit Agreement. Accordingly, the parties hereto hereby agree as follows: 

        Section 1.
Definitions. Except as otherwise defined in this Agreement, terms used but not defined herein have the respective
meanings given to them in the Credit Agreement. 

        Section 2.  Amendments. Subject to the satisfaction of the conditions precedent specified in Section 3 below, but effective
as of the date hereof, the Credit Agreement shall be amended as follows: 

        2.01.
The definition of "Principal Payment Date" in Section 1.01 of the Credit Agreement shall be amended in its entirety to read as follows: 

        " 'Principal Payment Date' shall mean May 29, 2003." 

        2.02.
The definition of "Interest Period" in Section 1.01 of the Credit Agreement shall be amended by replacing the parenthetical phrase after the words "third calendar month
thereafter" with the following: 

"(provided
that for the period commencing on April 29, 2003, there shall be an Interest Period that commences on April 29, 2003 and ends on May 29, 2003)" 

        Section 3.
Conditions Precedent. This Agreement shall be effective, as of the date hereof, upon the satisfaction of the following
conditions precedent: 

        (a)
the execution and delivery of this Agreement by the Company, each other Obligor, each of the Lenders and the Administrative Agent; and 

        (b)
the Administrative Agent shall have received an opinion of Carey y Cía. Ltda., Chilean counsel to the Obligors, substantially in the form of
Exhibit D-1 to the Credit Agreement, but with respect to this Agreement. 

1

 

        Section 4.  Representations and Warranties. Each of the Obligors represents and warrants to the Lenders that: 

        (a)
the representations and warranties set forth in Section 8 of the Credit Agreement are true and complete in all material respects on the date hereof as if made on and as of the
date hereof (unless such representation and warranty is expressly stated to be made as of an earlier date) and as if each reference in said Section 8 to "this Agreement" included reference to
this Agreement; 

        (b)
on the date hereof, and after giving effect to this Agreement, no Default or Event of Default has occurred and is continuing; 

        (c)
the execution, delivery and performance by each Obligor of this Agreement and any other Basic Document to be executed by it in connection with this Agreement are within such
Obligor's corporate powers, have been duly authorized by all necessary corporate action, and do not 

        (1)
contravene such Obligor's organizational documents (estatutos sociales); 

        (2)
contravene any contractual restriction, law or governmental regulation or court decree or order binding on or affecting such Obligor; or 

        (3)
result in, or require the creation or imposition of, any Lien on any of such Obligor's properties; 

        (d)
no authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or other Person is required for the due execution,
delivery or performance by any Obligor of this Agreement or any other Basic Document to be executed by it in connection with this Agreement; and 

        (e)
this Agreement constitutes and each other Basic Document executed by the Obligors in connection with this Agreement will, on the due execution and delivery thereof, constitute, the
legal, valid and binding obligations of each Obligor enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws of general applicability affecting the enforcement of creditors' rights. 

        Section 5.
Ratification of and References to the Credit Agreement. This Agreement shall be deemed to be an amendment to the Credit
Agreement, and the Credit Agreement, as amended hereby, is hereby ratified, approved and confirmed in each and every respect. All references to the Credit Agreement in any other document, instrument,
agreement or writing shall hereafter be deemed to refer to the Credit Agreement as amended hereby. Nothing in this Agreement shall be deemed to be a waiver of any Default or Event of Default. 

        Section 6.
Governing Law; Execution in Counterparts; Etc. This Agreement shall be governed by, and construed in accordance with,
the law of the State of New York, United States of America. Each of the Obligors hereby agrees that the provisions of Sections 12.13, 12.14 and 12.15 of the Credit Agreement, including (without
limitation) the submission by the Obligors to the jurisdiction of the Supreme Court of the State of New York, County of New York, and the United States District Court for the Southern District of New
York, shall apply to this Agreement. This Agreement may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original and all of which shall constitute but
one and the same agreement. Each reference to the Credit Agreement in any Basic Document shall be deemed to be a reference to the Credit Agreement as amended hereby. Except as herein provided, the
Credit Agreement shall remain unchanged and in full force and effect. 

2

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

	

 	
 	
COMPANY:
	

 	
 	

VTR GLOBALCOM S.A.:
	

 	
 	

By	
 	

/s/  BLAS TOMIC E.      
 Title: Chief Executive Officer
	

 	
 	

By	
 	

/s/  FREDERIC CHAVEYRIAT      
 Title: Chief Financial Officer
	

 	
 	
SUBSIDIARY GUARANTORS:
	

 	
 	

VTR NET S.A.
	

 	
 	

By	
 	

/s/  BLAS TOMIC E.      
 Title: Chief Executive Officer
	

 	
 	

By	
 	

/s/  FREDERIC CHAVEYRIAT      
 Title: Chief Financial Officer
	

 	
 	

VTR BANDA ANCHA S.A.
	

 	
 	

By	
 	

/s/  BLAS TOMIC E.      
 Title: Chief Executive Officer
	

 	
 	

By	
 	

/s/  FREDERIC CHAVEYRIAT      
 Title: Chief Financial Officer

	

 	
 	

VTR GALAXY CHILE S.A.
	

 	
 	

By	
 	

/s/  BLAS TOMIC E.      
 Title: Chief Executive Officer
	

 	
 	

By	
 	

/s/  FREDERIC CHAVEYRIAT      
 Title: Chief Financial Officer
	

 	
 	

VTR GLOBALCARRIER S.A.
	

 	
 	

By	
 	

/s/  BLAS TOMIC E.      
 Title: Chief Executive Officer
	

 	
 	

By	
 	

/s/  FREDERIC CHAVEYRIAT      
 Title: Chief Financial Officer
	

 	
 	

VTR INGENIERIA S.A.
	

 	
 	

By	
 	

/s/  BLAS TOMIC E.      
 Title: Chief Executive Officer
	

 	
 	

By	
 	

/s/  FREDERIC CHAVEYRIAT      
 Title: Chief Financial Officer
	

 	
 	
LENDERS:
	

 	
 	

THE TORONTO-DOMINION BANK
	

 	
 	

By	
 	

/s/  JIM BRIDWELL      
 Title: Manager
	

 	
 	

BANKBOSTON N.A.(1), NASSAU BRANCH
	

 	
 	

By	
 	

/s/  PAULINA VALDÉZ      
 Title: Authorized Officer

	(1)
	BankBoston,
N.A., a FleetBoston Financial company, is the corporate name under which Fleet National Bank operates in Latin America and the Bahamas. 

	

 	
 	

JPMORGAN CHASE BANK
	

 	
 	

By	
 	

/s/  MANOCHERE ALAMGIR      
 Title: Vice President
	

 	
 	

CITIBANK, N.A.
	

 	
 	

By	
 	

/s/  ANTHONY LICATA      
 Title: Director
	

 	
 	

CREDIT LYONNAIS, NEW YORK BRANCH
	

 	
 	

By	
 	

/s/  JEAN PHILIPPE ADAM      
 Title: Senior Vice President
	

 	
 	

EXPORT DEVELOPMENT CANADA
	

 	
 	

By	
 	

/s/  SEAN MITCHELL      
 Title: Manager, Special Risks
	

 	
 	

By	
 	

/s/  DAN KOVACS      
 Title: Loan Asset Manager

	

 	
 	

ING BANK N.V., CURAÇÃO BRANCH
	

 	
 	

By	
 	

/s/  GERMÁN TAGLE      
 Title: Attorney in Fact
	

 	
 	

By	
 	

/s/  ANDRÉS ERRÁZURIZ      
 Title: Attorney in Fact

	

 	
 	

CANADIAN IMPERIAL BANK OF COMMERCE
	

 	
 	

By	
 	

/s/  ROBERT NOVAK      
 Title: Executive Director
	

 	
 	
ADMINISTRATIVE AGENT:
	

 	
 	

TORONTO DOMINION (TEXAS), INC.
	

 	
 	

By	
 	

/s/  JIM BRIDWELL      
 Title: Vice President

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Exhibit 10.28  

 
 

TENTH AMENDMENT TO FINANCING AGREEMENT    
  

        This TENTH AMENDMENT TO FINANCING AGREEMENT (this "Amendment"), dated as of March 3, 2003, is entered into
by and among SHARPER IMAGE CORPORATION, a Delaware corporation (the "Borrower"), and the CIT GROUP/BUSINESS CREDIT, INC., a New York corporation
("CITBC"), and amends that certain Financing Agreement, dated September 21, 1994 (as the same is in effect immediately prior to the effectiveness
of this Amendment, the "Existing Financing Agreement" and as the same may be amended, supplemented or modified and in effect from time to time, the
"Financing Agreement"), by and between the Borrower and CITBC. Capitalized terms used and not otherwise defined in this Amendment shall have the same
meanings in this Amendment as set forth in the Financing Agreement. 

RECITAL 

        The
Borrower has requested that CITBC amend various provisions of the Existing Financing Agreement, and CITBC is willing to agree to so amend the Existing Financing Agreement on the
terms and subject to the conditions set forth below. 

AGREEMENT 

        NOW,
THEREFORE, in consideration of the foregoing, the mutual covenants and agreements set forth below and other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties agree as follows: 

        SECTION
1.    Amendments.    On the terms of this Amendment and subject to the satisfaction of the conditions
precedent set forth below in Section 2, CITBC and the Borrower hereby agree as follows: 

        (a)  Section
6, Paragraph 12 of the Existing Financing Agreement is hereby amended and restated in its entirety to read as follows: 

        "Without
the prior written consent of CITBC, the Company will not contract for, purchase, make expenditures for, lease pursuant to a Capital Lease or otherwise incur obligations with
respect to Capital Expenditures (whether subject to a security interest or otherwise) during the Company's fiscal year ending January 31, 2003 in an aggregate amount in excess of $24,000,000." 

        (b)  Section
6, Paragraph 9 (H) of the Existing Financing Agreement is hereby amended temporarily to add the following to the end of Paragraph 9 (H): 

        "Notwithstanding
the foregoing in this clause G, during the period commencing on this date and ending six months from the date hereof, Company may purchase the common stock of
Kronos Advanced Technologies, Inc. provided that the aggregate amount of the purchase price thereof does not exceed $300,000.00 during such period and provided
further that no Default or Event of Default is then in existence or would be in existence after giving effect to any such purchase." 

        SECTION
2.    Conditions to Effectiveness.    The amendments set forth in Section 1 of this Amendment shall
become effective only going forward upon the satisfaction of all of the following conditions precedent (the date of satisfaction of all such conditions being referred to as the
"Amendment Effective Date"): 

        (a)  On
or before the Amendment Effective Date, CITBC shall have received this Amendment, duly executed and delivered by the Borrower. 

        (b)  On
or before the Amendment Effective Date, all corporate and other proceedings taken or to be taken in connection with the transactions contemplated by this Amendment,
and all 

 

documents incidental thereto, shall be reasonably satisfactory in form and substance to CITBC and its counsel, and CITBC and such counsel shall have received all such counterpart originals or
certified copies of such documents as they may reasonably request. 

        (c)  On
or before the Amendment Effective Date, CITBC shall have received a legal documentation fee of $10,000.00, which fee shall be fully earned as of the date hereof. 

        (d)  Each
of the representations and warranties set forth in this Amendment shall be true and correct as of the Amendment Effective Date. 

        SECTION
3.    Representations and Warranties.    In order to induce CITBC to enter into this Amendment and to amend
the Existing Financing Agreement in the manner provided in this Amendment, the Borrower represents and warrants to CITBC as of the Amendment Effective Date as follows: 

        (a)  Power and Authority.    The Borrower has all requisite corporate power and authority to enter into this
Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Existing Financing Agreement as amended by this Amendment (hereafter referred to as the
"Amended Financing Agreement"). 

        (b)  Authorization of Agreements.    The execution and delivery of this Amendment by the Borrower and the
performance of the Amended Financing Agreement by the Borrower have been duly authorized by all necessary action, and this Amendment has been duly executed and delivered by the Borrower. 

        (c)  Enforceability.    The Amended Financing Agreement constitutes the legal, valid and binding obligation of the
Borrower enforceable against the Borrower in accordance with its terms, except as may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors' rights in
general. The enforceability of the obligations of the Borrower hereunder is subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity
or at law). 

        (d)  No Conflict.    The execution and delivery by the Borrower of this Amendment and the performance by the
Borrower of the Amended Financing Agreement do not and will not (i) contravene, in any material respect, any provision of any law, regulation, decree, ruling, judgment or order that is
applicable to the Borrower or its properties or other assets, (ii) result in a breach of or constitute a default under the charter, bylaws or other organizational documents of the Borrower, or
any material agreement, indenture, lease or instrument binding upon the Borrower or its properties or other assets or (iii) result in the creation or imposition of any liens on its properties
other than as permitted under the Financing Agreement. 

        (e)  Governmental Consents.    No authorization or approval or other action by, and no notice to or filing with, any
governmental authority or regulatory body is required for the due execution, delivery and performance by the Borrower of this Amendment. 

        (f)    Representations and Warranties in the Financing Agreement.    The Borrower confirms that as of the Amendment
Effective Date the representations and warranties contained in Section 6 of the Financing Agreement are (before and after giving effect to this Amendment) true and correct in all material
respects (except to the extent any such representation and warranty is expressly stated to have been made as of a specific date, in which case it shall be true and correct as of such specific date)
and that no Default or Event of Default has occurred and is continuing. 

2

 

        SECTION
4.    Miscellaneous.    

        (a)  Reference to and Effect on the Existing Financing Agreement.

          (i)  Except
as specifically amended by this Amendment and the documents executed and delivered in connection herewith, the Existing Financing Agreement shall remain in full
force and effect and is hereby ratified and confirmed. 

        (ii)  The
execution and delivery of this Amendment and performance of the Amended Financing Agreement shall not, except as expressly provided herein, constitute a waiver of
any provision of, or operate as a waiver of any right, power or remedy of CITBC under, the Existing Financing Agreement or any agreement or document executed in connection therewith. 

        (iii)  Upon
the conditions precedent set forth herein being satisfied, this Amendment shall be construed as one with the Existing Financing Agreement, and the Existing
Financing Agreement shall, where the context requires, be read and construed throughout so as to incorporate this Amendment. 

        (b)  Fees and Expenses.    The Borrower acknowledges that all costs, fees and expenses incurred in connection with
this Amendment will be paid in accordance with Section 7, Paragraph 4 of the Existing Financing Agreement. 

        (c)  Headings.    Section and subsection headings in this Amendment are included for convenience of reference only
and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 

        (d)  Counterparts.    This Amendment may be executed in one or more counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument. 

        (e)  Governing Law.    This Amendment shall be governed by and construed according to the laws of the State of
California. 

        IN
WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date first above written. 

	

 	
 	

SHARPER IMAGE CORPORATION, a Delaware corporation
	

	
 	

 	

 
	 	 	By:	/s/  JEFFREY P. FORGAN      

	 	 	Name:	Jeffrey P. Forgan
	 	 	Title:	EVP, CFO
	

 	
 	

By:	

/s/  KAREN LUEY-SUI      

	 	 	Name:	Karen Luey-Sui
	 	 	Title:	VP, Finance Controller
	

	
 	

 	

 
	 	 	THE CIT GROUP/BUSINESS CREDIT, INC., a New York Corporation
	

	
 	

 	

 
	 	 	By:	/s/  ADRIAN AVALOS      

	 	 	Name:	Adrian Avalos
	 	 	Title:	Vice President

3

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TENTH AMENDMENT TO FINANCING AGREEMENT

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