Document:

Prepared by R.R. Donnelley Financial -- 2nd Amendment to Credit Agreement

 
 
 SECOND AMENDMENT
TO CREDIT AGREEMENT 
  
 
 
 among 
  
 THE FINISH LINE, INC.,

  
 the LENDERS Signatory Hereto 
  
 and 
  
 NATIONAL CITY
BANK OF INDIANA, as Agent 
  
 
 
 DATED AS OF AUGUST 9, 2002 
  
 
 
  
  
  
  

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	  

 

 SECOND AMENDMENT TO CREDIT AGREEMENT

  
 THIS SECOND AMENDMENT made as of the 9th day of August, 2002, by
and among THE FINISH LINE, INC. (“Borrower”), the LENDERS party hereto, and NATIONAL CITY BANK OF
INDIANA, as agent for the Lenders hereunder (in such capacity, the “Agent”); 
  
 W I T N E S
S E T H: 
  
 WHEREAS, as of September 20, 2000, the Borrower, the lenders party thereto and the Agent
entered into a certain Credit Agreement, as amended as of March 16, 2001 (as amended, the “Agreement”); and 
  
 WHEREAS, the parties desire to further amend the Agreement to, among other things, extend the Facility Termination Date and reduce the Revolving Loan Commitments, all subject to the terms contained herein;

  
 NOW, THEREFORE, in consideration of the premises, and the mutual promises herein
contained, the parties agree that the Agreement shall be, and it hereby is, amended as provided herein and the parties further agree as follows: 
  
 PART I.    AMENDATORY PROVISIONS 
  
 SECTION 1. 
 Definitions 
  

	1.1
	 
	Defined Terms. 
 

  
 Section 1.1 of the Agreement is hereby amended by substituting the following definitions in lieu of the like existing definitions: 
  
 “Borrowing Base” means, on any date of determination, an amount equal to fifty percent (50%) of the positive difference of (a) the
aggregate value of Borrower’s Eligible Inventory, minus (b) Borrower’s outstanding accounts payable attributed to merchandise inventories as shown on Borrower’s most recent Financial Statements and as determined in accordance
with GAAP. 
  
 “Facility Termination Date” means September 20, 2005. 

 
 “Letters of Credit” means standby and commercial letters of credit now or hereafter issued by
a Letter of Credit Issuer from time to time at the request of, and for the account of, Borrower issued pursuant to this Agreement. 
  

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	  

 

  
 SECTION 2 
 The Credits 
  
 2.18.    Issuance of Letters of
Credit.    Section 2.18 of the Agreement is hereby amended by substituting “Ten Million Dollars ($10,000,000)” in lieu of “Five Million Dollars ($5,000,000)” in the seventh (7th) line thereof. 
  
 2.20    Compensation for Letters of Credit. 
  

	 	2.20.1
	 
	Letter of Credit Fee.    Section 2.20.1 of the Agreement is hereby amended by substituting the following new Section 2.20.1 in lieu
of the existing provision: 
 

  
 2.20.1    Letter of Credit
Fee.    Borrower shall pay to the Letter of Credit Issuer, for the ratable benefit of the Lenders in accordance with their Revolving Loan Commitments, a Letter of Credit fee at a per annum rate equal to the Applicable Margin
of each standby Letter of Credit outstanding hereunder. The standby Letter of Credit fees shall be calculated on the basis of a three hundred sixty (360) day year and paid annually in advance upon the issuance of such Letter of Credit and on each
anniversary date thereafter. If any payment of a Letter of Credit fee shall become due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day. Such Letter of Credit fees shall be remitted to the other
Lenders by the Letter of Credit Issuer with the participation certificate with respect to standby Letters of Credit. 
  
 SECTION 6 
 Covenants 
  
 6.16.    Capital Expenditures.    Section 6.16 of the Agreement is hereby amended by substituting the following new Section 6.16 in lieu of the existing provisions: 

 
 6.16.    Capital Expenditures.    Borrower will not, nor will it
permit any Subsidiary to, expend in the aggregate for Borrower and its Subsidiaries on a non-cumulative basis for Capital Expenditures in excess of (a) Thirty-Six Million Dollars ($36,000,000) during the fiscal year ending 2003, (b) Thirty-Eight
Million Dollars ($38,000,000) during the fiscal year ending 2004, (c) Forty Million Dollars ($40,000,000) during the fiscal year ending 2005, and (d) Twenty Million Dollars ($20,000,000) for the period beginning on the first day of the fiscal year
ending 2006 through the Facility Termination Date. 
  
 PART II.    EXHIBITS
AND SCHEDULES 
  
 The Agreement is hereby amended by substituting Schedule 1
hereto in lieu of Schedule 1 to the Agreement. 

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	 PAGE 2
 

 

  
 PART III.    CONTINUING
EFFECT 
  
 Except as expressly modified herein: 
  
 (a)  All terms, conditions, representations, warranties and covenants contained in the Agreement shall remain the same and shall continue in full
force and effect, interpreted, wherever possible, in a manner consistent with this Second Amendment; provided, however, in the event of any irreconcilable inconsistency, this Second Amendment shall control; 
  
 (b)  The representations and warranties contained in the Agreement shall survive this Second Amendment in their
original form as continuing representations and warranties of Borrower; and 
  
 (c)  Capitalized terms used in this Second Amendment, and not specifically herein defined, have the meanings ascribed to them in the Agreement. 
  
 In consideration hereof, Borrower represents, warrants, covenants and agrees that: 
  
 (aa)  Each representation and warranty set forth in the Agreement, as hereby amended, remains true and correct as of the date hereof in all material respects, except to the extent that such
representation and warranty is expressly intended to apply solely to an earlier date and except changes reflecting transactions permitted by the Agreement; 
  
 (bb)  There currently exist no offsets, counterclaims or defenses to the performance of the Obligations (such offsets, counterclaims or defenses,
if any, being hereby expressly waived); 
  
 (cc)  There has not occurred any Default or
Unmatured Default; and 
  
 (dd)  After giving effect to this Second Amendment and any
transactions contemplated hereby, no Default or Unmatured Default is or will be occasioned hereby or thereby. 
  
 PART IV.    CONDITIONS PRECEDENT 
  
 Notwithstanding anything contained in this Second Amendment to the contrary, this Second Amendment shall not become effective until each of the following conditions precedent have been fulfilled to the satisfaction of the Agent:

  
 (a)  The Agent shall have received each of the following, in form and substance
satisfactory to the Agent: 
  
 (i)  Counterparts of this Second Amendment duly executed by
the Agent, Borrower and the Lenders, and Replacement Revolving Credit Notes duly executed by Borrower to each of the Lenders; 
  
 (ii)  A duly executed certificate of the Secretary or any Assistant Secretary of Borrower (A) certifying as to the effectiveness of Resolutions of the Board of Directors of Borrower that
previously authorized the execution, delivery and performance of amendments to the Agreement, and (B) certifying as complete and correct as to attached 

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	 PAGE 3
 

 

 copies of the Articles of Incorporation and By-Laws of Borrower or certifying that such Articles of Incorporation or
By-Laws have not been amended (except as shown) since the previous delivery thereof to the Agent; 
  
 (iii)  A Reaffirmation of Guaranty duly executed by each Guarantor; 
  
 (iv)  Returns after search in accordance with the Uniform Commercial Code in such governmental offices as the Agent shall have deemed appropriate; 
  
 (b)  A fee shall be paid by Borrower to the Agent for the pro rata benefit of each Lender that has delivered and executed a counterpart of this
Second Amendment by August 9, 2002 in an amount equal to 1/10% of such Lender’s aggregate Commitment; 
  
 (c)  All legal matters incident to this Second Amendment shall be reasonably satisfactory to the Agent and its counsel. 
  
 PART V.    INDEPENDENT CREDIT DECISION 
  
 Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender, based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Second Amendment. 
  
 PART
VI.    RETURN OF REPLACED REVOLVING CREDIT NOTES 
  
 Each Lender agrees to return to Borrower, as soon as practicable, its original Revolving Credit Note dated September 20, 2000, that is being replaced by the Revolving Credit Note dated as of the date
of this Second Amendment in favor of such Lender. 
  
 IN WITNESS
WHEREOF, the parties hereto have caused this Second Amendment to be executed by their respective officers duly authorized as of the date first above written. 
  
 [THIS SPACE INTENTIONALLY LEFT BLANK] 
  

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	 PAGE 4
 

 

  
 SIGNATURE PAGE OF 
 THE FINISH LINE, INC. 
 TO 
 SECOND AMENDMENT TO CREDIT AGREEMENT 

 
 
	 THE FINISH LINE, INC.
 
	 
	 By:
 	 	 

	 Title:
 	 	 

 
  
 3308 North Mitthoeffer Road 
 Indianapolis, Indiana 46235 
 Attention:
Steven J. Schneider 
 Facsimile: 317-895-2884 
  

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	  

 

 SIGNATURE PAGE OF 
 NATIONAL CITY BANK OF INDIANA 
 TO 

SECOND AMENDMENT TO CREDIT AGREEMENT 
  
 
	 NATIONAL CITY BANK OF INDIANA,
 individually and as Agent
 
	 
	 By:
 	 	 

	 Its:
 	 	 

 
  
 One National City Center 
 Suite 200 East 
 Indianapolis, Indiana 46255

 Attention: R. Douglas Allen 
 Facsimile: 317-267-6249 
  

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	  

 

 SIGNATURE PAGE OF 
 UNION PLANTERS BANK, NATIONAL ASSOCIATION 
 TO

 SECOND AMENDMENT TO CREDIT AGREEMENT 
  
 
	 UNION PLANTERS BANK, NATIONAL ASSOCIATION
 
	 
	 By:
 	 	 

	 Its:
 	 	 

 
  
 One Indiana Square, Suite 227 
 Indianapolis, Indiana 46204 
 Attention:
Thomas W. Craig 
 Facsimile: 317-221-6120 
  

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	  

 

  
 SIGNATURE PAGE OF 
 U. S. BANK NATIONAL ASSOCIATION 
 TO 
 SECOND AMENDMENT TO CREDIT AGREEMENT 

 
 
	 U.S. BANK NATIONAL ASSOCIATION
 
	 
	 By:
 	 	 

	 Its:
 	 	 

 
  
 3815 River Crossing Parkway, Suite 100

 Indianapolis, Indiana 46240 
 Attention: Scott A. Dvornik 
 Facsimile: 317-566-2069 
  

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	  

 

  
 SIGNATURE PAGE OF 
 THE NORTHERN TRUST COMPANY 
 TO 
 SECOND AMENDMENT TO CREDIT AGREEMENT 

 
 
	 THE NORTHERN TRUST COMPANY
 
	 
	 By:
 	 	 

	 Its:
 	 	 

 
  
 50 South LaSalle Street 
 Chicago, Illinois 60675 
 Attention: Jeffrey
B. Clark 
 Facsimile: 312-444-7028 
  

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	  

 

  
 SIGNATURE PAGE OF 
 LASALLE BANK NATIONAL ASSOCIATION 
 TO 
 SECOND AMENDMENT TO CREDIT AGREEMENT 

 
 
	 LASALLE BANK NATIONAL ASSOCIATION
 
	 
	 By:
 	 	 

	 Its:
 	 	 

 
  
 One American Square, Suite 1600 
 Indianapolis, Indiana 46204 
 Attention:
William H. Lutes 
 Facsimile: 317-756-7021 
  

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENT
 	 	  

 

  
 Schedule 1-Lenders 
  
 
	 Lenders
 and Addresses
 
	  	 Revolving Loan Commitments
 

	 National City Bank of Indiana
 One National City Center
 Suite 200 East
 Indianapolis, Indiana 46255
 Attn: R. Douglas Allen
 Fax: 317-267-6249
 	  	 $14,000,000
 
	 
	 Union Planters Bank, National Association
 One Indiana Square, Suite 227
 Indianapolis, Indiana 46204
 Attn: Thomas W. Craig
 Fax:
317-221-6120
 	  	 $  9,000,000
 
	 
	 U.S. Bank National Association
 3815 River Crossing Pkwy., Suite 100
 Indianapolis, Indiana 46240
 Attn: Scott A. Dvornik
 Fax:
317-566-2069
 	  	 $  9,000,000
 
	 
	 The Northern Trust Company
 50 South LaSalle Street
 Chicago, Illinois 60675
 Attn: Jeffrey B. Clark
 Fax: 312-444-7028
 	  	 $  9,000,000
 
	 
	 LaSalle Bank National Association
 One American Square, Suite 1600
 Indianapolis, Indiana 46204
 Attn: William H. Lutes
 Fax:
317-756-7021
 	  	 $  9,000,000
 
	  	  	 

	  	  	 $50,000,000
 

 

 
	
	
	

	 SECOND AMENDMENT TO CREDIT
AGREEMENTThis Consulting Services Plan (the "Plan") is made as of the 24th day
September 2002 by Genesis Bioventures, Inc. (the "Company") for the Company's
overseas consultant ("the Recipient").

RECITALS:

           The Company desires under agreement to grant to Recipient in exchange
for services provided by Recipient to the Company, shares of the common stock of
the Company ( "Common Stock"), pursuant to the provisions set forth herein;

         1. Grant of Shares. The Company shall grant to the Recipient, from time
to time shares of Common Stock (the "Shares") in an amount not to aggregate more
than 200,000 shares.

         2. Services. Recipient shall continue to provide bona fide consulting
services to the Company not in connection with capital raising activities.

         3. Compensation. Recipient's compensation is the Shares identified
herein. The parties agree the Shares are valued at $.10 each. Recipient is
responsible for all income taxes.

         4. Registration. Notwithstanding anything to the contrary contained
herein, the Shares will be registered on Form S-8 Registration Statement dated
no later than the month of September, 2002. See Exhibit "A" attached hereto and
made a part hereof by this reference.

         5. Delivery of Shares. The Company shall deliver to the Recipient such
shares for services pursuant to the agreement for services between the Company
and the Recipient.

         6. Waiver. No waiver is enforceable unless in writing and signed by the
waiving party and any waiver shall not be construed as a waiver of any other or
subsequent breach.

         7. Amendments. This Plan may not be amended unless by the mutual
consent of all of the parties hereto in writing.

         8. Governing Law. This Plan shall be governed by the laws of the State
of New York, and the sole venue for any action arising hereunder shall be any
Federal or State Court located in New York City, New York.

         9. Assignment and Binding Effect. Neither this Plan nor any of the
rights, interests or obligations hereunder shall be assigned by any party hereto
without the prior written consent of the

<PAGE>

other parties hereto, except as otherwise provided herein. This Plan shall be
binding upon and for the benefit of the parties hereto and their respective
heirs and permitted assignees..

         10. Integration and Captions. This Plan includes the entire
understanding of the parties hereto with respect to the subject matter hereof.
The captions herein are for convenience and shall not control the interpretation
of this Plan.

         11. Legal Representation. Each party has been represented by
independent legal counsel in connection with this Plan, or each has had the
opportunity to obtain independent legal counsel and has waived such right, and
no tax advice has been provided to any party by any other party.

         12. Construction. Each party acknowledges having had the opportunity to
review, negotiate and approve all of the provisions of this Plan.

         13. Cooperation. The parties agree to execute such reasonable necessary
documents upon advice of legal counsel in order to carry out the intent and
purpose of this Plan as set forth herein .

         14. Hand-Written provisions. Any hand-written provisions hereon, if
any, or attached hereto, which have been initialed by all of the parties hereto,
shall control all typewritten provisions in conflict therewith.

         15. Fees, Costs and Expenses. Each of the parties hereto acknowledges
and agrees to pay, without reimbursement from the other party , the fees, costs,
and expenses incurred by each such party incident to this Plan.

         16. Consents and Authorizations. By the execution herein below, each
party (i) acknowledges and agrees that each such party has the full right,
power, legal capacity and authority to enter into this Plan, and the same
constitutes a valid and legally binding Plan in accordance with the terms,
conditions and other provisions contained herein; and (ii) acknowledges the
receipt of an executed copy hereof.

         17. Gender and Number. Unless the context otherwise requires,
references in this Plan in any gender shall be construed to include all other
genders, references in the singular shall be construed to include the plural,
and references in the plural shall be construed to include the singular.

                                        2

<PAGE>

         18. Severability. In the event anyone or more of the provisions of this
Plan shall be deemed unenforceable by any court of competent jurisdiction for
any reason whatsoever, this Plan shall be construed as if such unenforceable
provision had never been contained herein.

GENESIS BIOVENTURES, INC.

By____________________________                        Date: September 25, 2002
E. Greg McCartney, President

RECIPIENT

Signature _______________________

Print Name ______________________                     Date: September 25, 2002

                                        3

<PAGE>

                                   EXHIBIT "A"
      TO CONSULTING SERVICES PLAN MADE AS OF THE 24th DAY OF SEPTEMBER 2002
               BETWEEN GENESIS BIOVENTURES INC. AND THE RECIPIENT

General Plan Information

         1. The title of the Plan is: GBI. - 2002 Consulting Service
Plan("Plan") and the name of the registrant whose securities are to be offered
pursuant to the Plan is Genesis Bioventures Inc. ("Company").

         2. The general nature and purpose of the Plan is to grant consultant
shares of the Company not to aggregate more than 200,000 shares as compensation
for services rendered and service to be rendered to the Company.

         3. To the best of Company's knowledge, the Plan is not subject to any
of the provisions of the Employee Retirement Income Security Act of 1974.

         4. The Company shall act as Plan Administrator. The Company's address
is Genesis Bioventures Inc., 1 A - 3033 King George Highway Surrey, B.C. Canada
V4P 1B8 The telephone number of the Company is (604) 542 0820

                                  EXHIBIT 10.1

                                        4

<PAGE>

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