Document:

Exhibit 10.1

 

EXECUTION COPY

 

SEVENTH AMENDMENT

 

SEVENTH AMENDMENT, dated as of April 21, 2006
(this “Amendment”), to the Amended and Restated Credit Agreement, dated
as of July 8, 2002 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among SIX FLAGS, INC., a Delaware
corporation (“Parent”), SIX FLAGS OPERATIONS INC., a Delaware
corporation (“Holdings”), SIX FLAGS THEME PARKS INC., a Delaware
corporation (the “Primary Borrower”), the Foreign Subsidiary Borrowers
from time to time parties to the Credit Agreement (together with the Primary
Borrower, the “Borrowers”), the several banks and other financial
institutions or entities from time to time parties to the Credit Agreement, THE
BANK OF NEW YORK and BANK OF AMERICA, N.A., as syndication agents, CREDIT
LYONNAIS, NEW YORK BRANCH, as documentation agent, and LEHMAN COMMERCIAL PAPER
INC., as administrative agent (in such capacity, the “Administrative Agent”).

 

W  I
T  N  E  S  S  E  T  H:

 

WHEREAS, pursuant to the Credit Agreement, the
Lenders have agreed to make and have made loans and other extensions of credit
to the Borrowers;

 

WHEREAS, the Borrowers have requested and, upon this
Amendment becoming effective, the Lenders will have agreed, that certain
provisions of the Credit Agreement be amended in the manner provided for in
this Amendment; and

 

NOW THEREFORE, in consideration of the premises and
mutual covenants contained herein, and for other valuable consideration the
receipt of which is hereby acknowledged, the parties hereto hereby agree as
follows:

 

SECTION 1.           DEFINITIONS.  Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given
to them in the Credit Agreement.

 

SECTION 2.           AMENDMENTS
TO THE CREDIT AGREEMENT.

 

2.1           Amendments to Section 1.1 of the Credit
Agreement.

 

(a)           The definitions of “Applicable Margin”, “Consolidated
Debt Service”, “Consolidated Fixed Charges”, “Consolidated Total Debt”, “Incremental
Tranche B Term Loans”, “Lender Addendum”, “Tranche B Term Loan”, “Tranche B
Term Loan Commitment”, “Tranche B Term Loan Lender” and “Tranche B Term Loan
Percentage” set forth in Section 1.1 of the Credit Agreement are hereby
amended in their respective entireties to read as follows:

 

“Applicable Margin”:  (a) with
respect to Revolving Credit Loans, Swing Line Loans, Multicurrency Loans and
Tranche B-1 Term Loans, the rate per annum determined for such Type of Loan
pursuant to the Pricing Grid and (b) with respect to any Optional Term
Loans, such per annum rates as shall be agreed to by the Primary Borrower and
the Lenders providing such Optional Term Loans as shown in the applicable
Optional Increase Amendment; provided that, at the time of the making of
any Optional Term Loans, the Applicable Margin for the Tranche B-1 Term Loans
shall be automatically increased if and to the extent required by Section 6.18(b).

 

“Consolidated
Debt Service”:  for any period, the
sum, for Holdings and its Subsidiaries (determined on a consolidated basis
without duplication in accordance with GAAP), of (a) all 

 

 

regularly scheduled payments of principal of any Indebtedness during
such period, including the principal component of any payments in respect of
Capital Lease Obligations, but excluding in any event (i) any prepayments
made pursuant to Section 6.4 or 6.5 during such period, (ii) for any
period including any portion of the period from September 30, 2008 through
June 30, 2009, the amount of principal payments scheduled to be made
during such period in respect of the Tranche B Term Loans and (iii) for
any period, any payments made pursuant to the proviso following the repayment schedule set
forth in Section 2.3 plus (b) Consolidated Interest Expense
for such period.

 

“Consolidated
Fixed Charges”:  for any period, the
sum of (a) Consolidated Debt Service for such period plus (b) the
aggregate amount of all Capital Expenditures (Sustaining) made during such
period plus (c) the aggregate amount paid, or required to be paid,
in cash in respect of income taxes of Holdings and its Subsidiaries for such
fiscal period or (without duplication) paid by Holdings pursuant to the Tax
Sharing Agreement, plus (d) the amount of Restricted Payments for
such period (other than any Restricted Payments permitted by clause (iv), (v),
(vi), (vii), (viii) or (ix) of Section 10.5(c)).  For purposes of calculating the Consolidated
Fixed Charges Coverage Ratio for any period of four consecutive fiscal
quarters, Holdings may, to the extent necessary to satisfy the Consolidated
Fixed Charges Coverage Ratio, exclude up to $150,000,000 in the aggregate of (i) cash
dividends made by Holdings during such period to Parent to enable Parent to pay
distributions and other required payments under the Partnership Parks
Agreements and (ii) other cash payments by Holdings in respect of
Subordinated Parent Advances. 
Notwithstanding the foregoing:

 

(A)  if during any period for which
Consolidated Fixed Charges is being determined, the Primary Borrower or any of
its Subsidiaries shall have consummated the sale of the Cleveland Park or the
European Parks in a transaction permitted by Section 10.4(c)(viii) then,
for purposes of calculating the Consolidated Fixed Charges Coverage Ratio for
such period, Consolidated Fixed Charges shall be calculated after giving pro
forma effect to the refinancing or repayment of an aggregate principal
amount of Indebtedness under the Indentures of the Parent that is equal to the
Net Park Proceeds in respect of such sale divided  by 1.08, as if
the same had occurred on the first day of such period, whether or not such
Indebtedness was so refinanced or repaid during such period;

 

(B)  if during any period for which
Consolidated Fixed Charges is being determined, the Primary Borrower or any of
its Subsidiaries shall have consummated the sale of the Houston Park then, for
purposes of calculating the Consolidated Fixed Charges Coverage Ratio for such
period, Consolidated Fixed Charges shall be calculated after giving pro  forma
effect to the refinancing or repayment of an aggregate principal amount of Indebtedness
under the Indentures of the Parent that is equal to the Net Houston Park
Proceeds in respect of such sale, as if the same had occurred on the first day
of such period, whether or not such Indebtedness was so refinanced or repaid
during such period; and

 

(C)  if during any period for which
Consolidated Fixed Charges is being determined, the Primary Borrower or any of
its Subsidiaries shall have consummated any asset sale permitted by Section 10.4(c)(x)
then, for purposes of calculating the Consolidated Fixed Charges Coverage Ratio
for such period, Consolidated Fixed Charges shall be calculated after giving pro
forma effect to the refinancing or repayment of an aggregate principal
amount of Indebtedness under the Indentures of the Parent or redemption of
Parent Preferred Stock, as applicable, that is equal to the lesser of (x)
$300,000,000 and (y) the Net Sale Proceeds in respect of such sale, as if the
same had 

 

2

 

occurred on the first day of
such period, whether or not such Indebtedness or Parent Preferred Stock was so
refinanced, repaid or redeemed, as the case may be, during such period.

 

Notwithstanding the foregoing, if during any period for which
Consolidated Fixed Charges is being determined, Parent shall have refinanced or
repaid any Indebtedness under any of its Indentures or shall have redeemed any
Parent Preferred Stock, for purposes of calculating the Consolidated Fixed
Charges Coverage Ratio for such period, Consolidated Fixed Charges shall be
calculated after giving pro  forma effect to the refinancing or
repayment of such Indebtedness or the redemption of such Parent Preferred
Stock, as applicable, as if the same had occurred on the first day of such
period.  For purposes of this definition,
when such pro  forma effect is given to the refinancing or
repayment of such Indebtedness or to the redemption of such Parent Preferred
Stock, the pro  forma calculations shall be made as determined in
good faith by a Responsible Officer of the Primary Borrower and shall be
reasonably satisfactory to the Administrative Agent.

 

“Consolidated
Total Debt”:  as at any date, the
aggregate amount of all Indebtedness (other than the undrawn portion of any
outstanding letters of credit) of Holdings and its Subsidiaries that would, in
conformity with GAAP, be set forth on the balance sheet of Holdings and its
Subsidiaries at such date (determined on a consolidated basis without
duplication in accordance with GAAP); provided, that for purposes of
calculating the Consolidated Leverage Ratio, as such term is used in Section 10.1(a) only,
Consolidated Total Debt shall mean, as at the last day of any fiscal quarter,
the sum of (a) the aggregate outstanding principal amount of all
Indebtedness (other than Revolver Indebtedness and the undrawn portion of any
outstanding letters of credit) of Holdings and its Subsidiaries that would, in
conformity with GAAP, be set forth on the balance sheet of Holdings and its
Subsidiaries on such date (determined on a consolidated basis without
duplication in accordance with GAAP) plus (b) the average of the
amounts of Revolver Indebtedness outstanding on such last day and on the last
day of each of the three immediately preceding fiscal quarters.  For purposes of the preceding sentence, “Revolver
Indebtedness” means the Indebtedness of Holdings and its Subsidiaries in
respect of Revolving Credit Loans and Swing Line Loans.

 

“Incremental
Tranche B Term Loans”:  the Tranche B
Term Loans made on the Incremental Tranche B Effective Date pursuant to Section 2.1(b) of
this Agreement, as this Agreement was in effect immediately prior to giving
effect to the Seventh Amendment.

 

“Lender
Addendum”:  with respect to any
Lender, a Lender Addendum, substantially in the form of Exhibit J, to be
executed and delivered by such Lender on the Amendment and Restatement
Effective Date as provided in Section 13.17, on the effective date of any
Optional Increase Amendment as provided in Section 6.18(d), or on the
effective date of the Seventh Amendment as provided in Section 4(b) thereof,
as applicable.

 

“Tranche
B Term Loan”:  (a) prior to the
Seventh Amendment Effective Date, each Existing Tranche B Term Loan and (b) from
and after the Seventh Amendment Effective Date, each Tranche B-1 Term Loan.

 

“Tranche
B Term Loan Commitments”:  (a) prior
to the Seventh Amendment Effective Date, the Existing Tranche B Term Loan
Commitments and (b) from and after the Seventh Amendment Effective Date,
the Tranche B-1 Term Loan Commitments.

 

3

 

“Tranche
B Term Loan Lenders”:  (a) prior
to the Seventh Amendment Effective Date, the Existing Tranche B Term Loan
Lenders and (b) from and after the Seventh Amendment Effective Date, the
Tranche B-1 Term Loan Lenders.

 

“Tranche
B Term Loan Percentage”:  as to any
Lender at any time, the percentage which such Lender’s Tranche B Term Loan
Commitment then constitutes of the sum of (a) the Tranche B Term Loans
then outstanding and (b) the aggregate Tranche B Term Loan Commitments
(or, at any time after the Seventh Amendment Effective Date, the percentage
which the aggregate principal amount of such Lender’s Tranche B Term Loans then
outstanding constitutes of the aggregate principal amount of all Tranche B Term
Loans then outstanding).

 

(b)           Section 1.1 of the Credit Agreement is
hereby amended by inserting the following new definitions in the appropriate
alphabetical order:

 

“Continuing
Tranche B Term Loan Lender”:  any
Lender that holds an Existing Tranche B Term Loan prior to the Seventh Amendment
Effective Date and a Tranche B-1 Term Loan from and after the Seventh Amendment
Effective Date.  Any Continuing Tranche B
Term Loan Lender shall be deemed to be a Tranche B-1 Term Loan Lender from and
after the Seventh Amendment Effective Date.

 

“Converted
Term Loan”:  as defined in Section 2.1(b).

 

“Existing
Tranche B Term Loan Commitment”:  as
to any Lender, the obligation of such Lender, if any, to make an Existing
Tranche B Term Loan to the Primary Borrower on the Closing Date, the Amendment
and Restatement Effective Date and/or the Incremental Tranche B Effective Date,
as applicable.  The original aggregate
amount of the Existing Tranche B Term Loan Commitments on the Closing Date was
$600,000,000, the original aggregate amount of the Existing Tranche B Term Loan
Commitments on the Amendment and Restatement Effective Date was $4,500,000 and
the original aggregate amount of the Tranche B Term Loan Commitments on the
Incremental Tranche B Effective Date was $130,000,000.

 

“Existing
Tranche B Term Loan Lenders”:  the
several banks and other financial institutions or entities parties to this
Agreement as Tranche B Term Loan Lenders, as this Agreement was in effect
immediately prior to giving effect to the Seventh Amendment.

 

“Existing
Tranche B Term Loans”:  the
collective reference to (a) the term loans made on the Closing Date
pursuant to Section 2.1 of the Existing Credit Agreement, (b) the
term loans made on the Amendment and Restatement Effective Date pursuant to Section 2.1(a) of
this Agreement, as this Agreement was in effect immediately prior to giving
effect to the Seventh Amendment, and (c) the term loans made on the
Incremental Tranche B Effective Date pursuant to Section 2.1(b) of
this Agreement, as this Agreement was in effect immediately prior to giving
effect to the Seventh Amendment.  As of
the Seventh Amendment Effective Date, after giving effect to the amendments and
transactions under this Agreement consummated on the Seventh Amendment
Effective Date, the aggregate outstanding principal amount of Existing Tranche
B Term Loans is $0.

 

“Net
Sale Proceeds”:  as defined in Section 10.5(c)(ix).

 

“Seventh
Amendment”:  the Seventh Amendment,
dated as of April 21, 2006, to this Agreement.

 

4

 

“Seventh
Amendment Effective Date”:  as
defined in Section 4 of the Seventh Amendment.

 

“Tranche
B-1 Term Loan”:  as defined in Section 2.1(a).

 

“Tranche
B-1 Term Loan Commitment”:  as to any
Lender, the obligation of such Lender, if any, to make a Tranche B-1 Term Loan
(or to convert its Existing Tranche B Term Loan into a Tranche B-1 Term Loan)
to the Primary Borrower hereunder in a principal amount not to exceed the
amount set forth under the heading “Tranche B-1 Term Loan Commitment” opposite
such Lender’s name on Schedule 1 to the Lender Addendum delivered by such
Lender, or, as the case may be, in the Assignment and Acceptance pursuant to
which such Lender shall have acquired its Tranche B-1 Term Loan Commitment, as
the same may be changed from time to time pursuant to the terms hereof.  The original aggregate amount of the Tranche
B-1 Term Loan Commitments is $643,537,500.

 

“Tranche
B-1 Term Loan Lender”:  each Lender
that has a Tranche B-1 Term Loan Commitment or that holds a Tranche B-1 Term
Loan.

 

2.2           Amendment
to Section 2.1 of the Credit Agreement.  Section 2.1 of the Credit Agreement is
hereby amended in its entirety to read as follows:

 

2.1  Tranche B-1 Term Loan
Commitments.  (a)  Subject to
the terms and conditions hereof, the Tranche B-1 Term Loan Lenders severally
agree to make term loans (or, in the case of a Continuing Tranche B Term Loan
Lender, pursuant to clause (b) below, elects to convert all or a portion
of such Continuing Tranche B Term Loan Lender’s Existing Tranche B Term Loans)
(each, a “Tranche B-1 Term Loan”) to the Primary Borrower on the Seventh
Amendment Effective Date in an amount for each Tranche B-1 Term Loan Lender not
to exceed the Tranche B-1 Term Loan Commitment of such Lender.  The Tranche B-1 Term Loans may from time to
time be Eurodollar Loans or Base Rate Loans, as determined by the Primary
Borrower and notified to the Administrative Agent in accordance with Sections
2.2 and 6.6.

 

(b)  In connection with the making of the Tranche B-1 Term Loans
pursuant to clause (a) above, by delivering written notice to the
Administrative Agent on or prior to the Seventh Amendment Effective Date, any
Continuing Tranche B Term Loan Lender may elect to make all or any portion of
such Lender’s Tranche B-1 Term Loan requested by the Primary Borrower to be
made on the Seventh Amendment Effective Date by converting all or a portion of
the outstanding principal amount of the Existing Tranche B Term Loans held by
such Lender into a Tranche B-1 Term Loan in a principal amount equal to the
amount of the loans so converted (each, a “Converted Term Loan”).  On the Seventh Amendment Effective Date, the
Converted Term Loans shall be converted for all purposes of this Agreement into
Tranche B-1 Term Loans, and the Administrative Agent shall record in the Register
the aggregate amounts of Converted Term Loans converted into Tranche B-1 Term
Loans.  Any written notice to the
Administrative Agent delivered by an applicable Continuing Tranche B Term Loan
Lender pursuant to this Section shall specify the amount of such Lender’s
Tranche B-1 Term Loan Commitment and the principal amount of the Existing
Tranche B Term Loans held by such Lender that are to be converted into a
Tranche B-1 Term Loan.

 

2.3           Amendment
to Section 2.2 of the Credit Agreement.  Section 2.2 of the Credit Agreement is
hereby amended in its entirety to read as follows:

 

5

 

2.2  Procedure for Term Loan
Borrowing.  (a)  The Primary
Borrower shall deliver to the Administrative Agent irrevocable notice (which
notice must be received by the Administrative Agent prior to 10:00 A.M.,
New York City time, (i) three Business Days prior to the anticipated
Seventh Amendment Effective Date, in the case of Eurocurrency Loans and (ii) one
Business Day prior to the anticipated Seventh Amendment Effective Date, in the
case of Base Rate Loans) requesting that the Tranche B-1 Term Loan Lenders make
the Tranche B-1 Term Loans on the Seventh Amendment Effective Date and
specifying the amount to be borrowed. 
Upon receipt of such notice the Administrative Agent shall promptly
notify each Tranche B-1 Term Loan Lender thereof.  Not later than 12:00 Noon, New York City
time, on the Seventh Amendment Effective Date each Tranche B-1 Term Loan Lender
shall make available to the Administrative Agent at the Funding Office an
amount in immediately available funds equal to the Tranche B-1 Term Loan to be
made by such Lender, provided that any Converted Term Loan of such
Lender shall be applied toward satisfaction of the foregoing funding
requirement.  Subject to the immediately
preceding sentence, the Administrative Agent shall use the amounts made
available to the Administrative Agent by the Tranche B-1 Term Loan Lenders to
prepay the Existing Tranche B Term Loans outstanding on such date.

 

(b)  Notwithstanding anything to the contrary in this Agreement,
the Interest Period in effect on the Seventh Amendment Effective Date in
respect of any Converted Term Loan (each a “Current Interest Period”)
will continue to be in effect for such Loan following the Seventh Amendment
Effective Date, and the initial Interest Period of any Tranche B-1 Term Loan
funded on the Seventh Amendment Effective Date will end on the last day of a
Current Interest Period agreed to by the Primary Borrower and the Administrative
Agent.

 

2.4           Amendment
to Section 2.3 of the Credit Agreement.  Section 2.3 of the Credit Agreement is
hereby amended in its entirety to read as follows:

 

2.3  Repayment of Tranche B-1
Term Loans.  The Tranche B-1 Term
Loan of each Tranche B-1 Term Loan Lender shall mature in 13 consecutive
quarterly installments, commencing on June 30, 2006, each of which shall
be in an amount equal to such Lender’s Tranche B Term Loan Percentage
multiplied by the amount set forth below opposite such installment:

 

	
  Installment

  	
   

  	
  Principal Amount

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  June 30, 2006

  	
   

  	
  $

  	
  1,637,500.00

  	
   

  
	
  September 30, 2006

  	
   

  	
  $

  	
  1,637,500.00

  	
   

  
	
  December 31, 2006

  	
   

  	
  $

  	
  1,637,500.00

  	
   

  
	
  March 31, 2007

  	
   

  	
  $

  	
  1,637,500.00

  	
   

  
	
  June 30, 2007

  	
   

  	
  $

  	
  1,637,500.00

  	
   

  
	
  September 30, 2007

  	
   

  	
  $

  	
  1,637,500.00

  	
   

  
	
  December 31, 2007

  	
   

  	
  $

  	
  1,637,500.00

  	
   

  
	
  March 31, 2008

  	
   

  	
  $

  	
  1,637,500.00

  	
   

  
	
  June 30, 2008

  	
   

  	
  $

  	
  1,637,500.00

  	
   

  
	
  September 30, 2008

  	
   

  	
  $

  	
  157,200,000.00

  	
   

  
	
  December 31, 2008

  	
   

  	
  $

  	
  157,200,000.00

  	
   

  
	
  March 31, 2009

  	
   

  	
  $

  	
  157,200,000.00

  	
   

  
	
  June 30, 2009

  	
   

  	
  $

  	
  157,200,000.00

  	
   

  

 

provided
that, notwithstanding the foregoing, (a) if the aggregate principal amount
of the Tranche B-1 Term Loans made on the Seventh Amendment Effective Date is
less than the aggregate 

 

6

 

amount of the Tranche B-1 Term Loan Commitments, the amount of each
relevant principal installment set forth above shall be proportionally reduced
to reflect such lesser amount so borrowed and (b) all outstanding Tranche
B-1 Term Loans, together with interest thereon, shall be due and payable on December 31,
2008 in the event that the Parent Preferred Stock is not redeemed or converted
into common stock of Parent prior to December 31, 2008.

 

2.5           Amendment
to Section 4.3 of the Credit Agreement.  Section 4.3 of the Credit Agreement is
hereby amended in its entirety to read as follows:  “4.3 
[Intentionally omitted.]”.

 

2.6           Amendment
to Section 6.1(a) of the Credit Agreement.  Section 6.1(a) of the Credit
Agreement is hereby amended by deleting from clause (ii) thereof the words
“Section 4.3 and”.

 

2.7           Amendment
to Section 6.5(b) of the Credit Agreement.  Section 6.5(b) of
the Credit Agreement is hereby amended in its entirety to read as follows:

 

(b)  Unless the Required Prepayment Lenders shall otherwise agree,
if on any date Holdings or any of its Subsidiaries shall receive Net Cash
Proceeds from any Asset Sale or Recovery Event, then, unless a Reinvestment
Notice shall be delivered in respect thereof, the Tranche B Term Loans shall be
prepaid, and/or the Multicurrency Commitments shall be reduced, on or before
the date which is thirty days following the date of receipt of such Net Cash
Proceeds, by an amount equal to the amount of such Net Cash Proceeds, as set
forth in Section 6.5(d); provided, that, notwithstanding the foregoing:

 

(i)  the aggregate amount of Net Cash Proceeds of Asset Sales that
may be excluded from the foregoing requirement pursuant to a Reinvestment
Notice shall not exceed $10,000,000 in any fiscal year of Holdings;

 

(ii)  on each Reinvestment Prepayment Date the Tranche B Term
Loans shall be prepaid, and/or the Multicurrency Commitments shall be reduced,
by an amount equal to the Reinvestment Prepayment Amount with respect to the
relevant Reinvestment Event, as set forth in Section 6.5(d);

 

(iii)  no prepayment of the Tranche B Term Loans or reduction of
the Multicurrency Commitments shall be required to be made under this Section 6.5(b) in
respect of the Net Cash Proceeds received by Holdings or any of its
Subsidiaries from the sales of the Cleveland Park and/or the European Parks
that are in excess of (A) $45,000,000 if, on such date, the sale of the
Cleveland Park has been consummated but the sale of the European Parks has not
been consummated, (B) $125,000,000 if, on such date, the sale of the
European Parks has been consummated or (C) $125,000,000 if, on such date,
the sale of the European Parks and the Cleveland Park have been consummated;

 

(iv)  no prepayment of the Tranche B Term Loans or reduction of
the Multicurrency Commitments shall be required to be made under this Section 6.5(b) in
respect of the Net Cash Proceeds received by Holdings or any of its
Subsidiaries from the sale of the Houston Park; and

 

(v)  so long as no Default or Event of Default has occurred and is
continuing or would result therefrom, no prepayment of the Tranche B Term Loans
or reduction of the Multicurrency Commitments shall be required to be made
under this Section 6.5(b) in respect of the Net Cash Proceeds
received by Holdings or any of its Subsidiaries from 

 

7

 

Asset Sales permitted by Section 10.4(c)(x) to the extent such Net
Cash Proceeds are used, within one year after the date of receipt thereof, (A) to
make up to an aggregate of $300,000,000 of Restricted Payments permitted by
clause (ii) or (ix) of Section 10.5(c) or (B) to
acquire, restore or construct assets useful in its business in an aggregate
amount, for all such expenditures made as permitted by this clause (B), not to
exceed $100,000,000.

 

2.8           Amendment
to Section 6.11(a) of the Credit Agreement.  Section 6.11(a) of the Credit
Agreement is hereby amended by deleting the last sentence thereof.

 

2.9           Amendments
to Section 6.18 of the Credit Agreement.  Section 6.18 of the Credit Agreement is
hereby amended by (a) deleting paragraph (a) thereof in its entirety
and substituting in lieu thereof the following:

 

(a)  In accordance with the provisions of this Section 6.18,
the Primary Borrower may, at its option, at any three times after the Seventh
Amendment Effective Date, request in writing (each, an “Optional Increase
Request”) that the Facilities be increased by up to $300,000,000 in the
aggregate for all Optional Increase Requests, provided that (i) no
Default or Event of Default shall exist at the time of or after giving effect
to such increase and the use of proceeds thereof, (ii) the Loan Parties
shall be in pro  forma compliance with the financial covenants
contained in this Agreement after giving effect to such increase (as if such
increase had become effective on the first day of the applicable period of four
consecutive fiscal quarters) and the use of proceeds thereof, (iii) the
Administrative Agent shall have received evidence satisfactory to it that the
incurrence of such additional Indebtedness will not violate the terms of the
Indentures (other than any such Indenture the Indebtedness under which will be
simultaneously refinanced in full with the proceeds of such increase) and (iv) any
such amount used to refinance or repay public Indebtedness of Parent, to redeem
Parent Preferred Stock or to make distributions or other required payments
under the Partnership Parks Agreements shall be comprised of Optional Term
Loans.

 

and (b) deleting
clauses (ii) and (iii) from paragraph (b) thereof and
substituting in lieu thereof the following:

 

(ii) any such Optional Term Loans shall have such pricing as may
be agreed by the Primary Borrower and the Lenders providing such Optional Term
Loans, provided that if the applicable margin for such Optional Term
Loans exceeds the Applicable Margin for the Tranche B Term Loans (including any
upfront fees paid with respect to the Tranche B Term Loan Facility) by more
than 0.25% on a weighted average basis (including any such increase in the form
of original issue discount or upfront or similar fees), the Applicable Rate
relating to the existing Tranche B Term Loans shall be adjusted to be equal to
the Applicable Rate for such Optional Term Loans (which, for such purposes
only, shall be deemed to include all original issue discount or upfront or
similar fees payable to all Lenders providing such Optional Term Loans) minus
0.25%, and (iii) any such additional loans made pursuant to the increase
in Multicurrency Commitments shall constitute “Multicurrency Loans” and, as
such, shall have the same terms and conditions as are applicable to
Multicurrency Loans hereunder, including, without limitation, the Multicurrency
Termination Date, the Applicable Margin, the Commitment Fee Rate, the
procedures for borrowing and the borrowing conditions.

 

2.10         Amendment
to Section 7.2 of the Credit Agreement.  Section 7.2 of the Credit Agreement is
hereby amended by deleting therefrom the date “December 31, 2001” and
substituting in lieu thereof the date “January 1, 2006”.

 

8

 

2.11         Amendment
to Section 7.16 of the Credit Agreement.  Section 7.16 of the Credit Agreement is
hereby amended by deleting the first two sentences thereof and substituting in
lieu thereof the following sentence:

 

The proceeds of the Tranche B-1 Term Loans made on the Seventh
Amendment Effective Date shall be used to prepay the Existing Tranche B Term
Loans.

 

2.12         Amendment
to Section 9.9 of the Credit Agreement.  Section 9.9 of the Credit Agreement is
hereby amended in its entirety to read as follows:  “9.9 
[Intentionally omitted.]”.

 

2.13         Amendments
to Section 10.4(c) of the Credit Agreement.  Section 10.4(c) of
the Credit Agreement is hereby amended by (a) deleting the word “and” at
the end of clause (viii) thereof and substituting in lieu thereof a “,”
and (b) inserting the following at the end thereof before the “.”:

 

and (x) the Disposition of other Property having a fair market value
not to exceed $300,000,000 in the aggregate, provided that all
Dispositions permitted by this clause (x) shall be made for at least fair
market value, as determined in good faith by the Board of Directors of Holdings
or the Primary Borrower, and for at least 75% cash or cash equivalent
consideration

 

2.14         Amendments
to Section 10.5(c) of the Credit Agreement.  Section 10.5(c) of
the Credit Agreement is hereby amended by (a) deleting clause (v) in
its entirety and substituting in lieu thereof the following clause (v):

 

(v)  up to $130,000,000 of amounts payable in respect of any
refinancing or repayment of Indebtedness under any Indenture of Parent, provided
that such Restricted Payment is funded solely with the proceeds of Optional
Term Loans made on the Incremental Tranche B Effective Date;

 

(b) deleting the word “and”
at the end of clause (vi) thereof, (b) deleting the “.” at the end of
clause (vii) thereof and substituting “;” in lieu thereof and (c) inserting
the following at the end thereof:

 

(viii)  up to $300,000,000 of amounts payable in respect of any
refinancing or repayment of Indebtedness under any Indenture of Parent or any
redemption of Parent Preferred Stock, provided that (A) such
Restricted Payment is funded solely with the proceeds of Optional Term Loans
made after the Seventh Amendment Effective Date remaining after giving effect
to the aggregate amount of such proceeds then paid in respect of payments under
the Partnership Parks Agreements permitted by Section 10.5(c)(ii) and
(B) such Restricted Payment is made within 11 months after the receipt of
such proceeds; and

 

(ix)  up to $300,000,000 of amounts payable in respect of any
refinancing or repayment of Indebtedness under any Indenture of Parent or any
redemption of Parent Preferred Stock, provided that (A) any such
Restricted Payment is funded solely with any Net Cash Proceeds of any sale of assets
permitted by Section 10.4(c)(x) remaining after giving effect to the
aggregate amount of such Net Cash Proceeds then paid (1) to acquire,
restore or construct assets useful in the business of the Primary Borrower and
its Subsidiaries as contemplated by Section 6.5(b)(v)(B) and/or (2) in
respect of payments under the Partnership Parks Agreements permitted by Section 10.5(c)(ii) (such
remaining amount, the “Net Sale Proceeds”) and (B) such Restricted
Payment is made within 11 months after the receipt of such Net Sale Proceeds.

 

9

 

2.15         Amendments
to Section 10.9 of the Credit Agreement.  Section 10.9 of the Credit Agreement is
hereby amended by (a) deleting the word “and” at the end of clause (iv) thereof
and substituting in lieu thereof a “,” and (b) inserting the following at
the end thereof before the “.”:

 

and (vi) Holdings may make any Restricted Payment permitted by Section 10.5(c)

 

2.16         Amendment
to Section 10.14(a) of the Credit Agreement.  Section 10.14(a) of
the Credit Agreement is hereby amended by deleting the last sentence thereof
and substituting in lieu thereof the following sentence:

 

In the case of Parent, notwithstanding anything to the contrary in this
Agreement or any other Loan Document, apply all or any portion of any
Restricted Payment made to it as permitted by clause (ii), (vi), (vii), (viii) or
(ix) of Section 10.5(c) to refinance or repay Indebtedness under
any Indenture of Parent, to redeem Parent Preferred Stock or to make distributions
or other required payments under the Partnership Parks Agreements, as
applicable, after the day that is 30 days after the date of the making of such
Restricted Payment (it being understood and agreed that, to the extent such
Restricted Payment is not applied to refinance or repay Indebtedness under any
Indenture of Parent, to redeem Parent Preferred Stock or to make distributions
or other required payments under the Partnership Parks Agreements, as
applicable, within 30 days after the making thereof, Parent shall make to
Holdings, and Holdings shall make to the Primary Borrower, on the first
Business Day that is at least 31 days after the date of such Restricted
Payment, a cash equity contribution in an amount equal to such unapplied amount
of the Restricted Payment).

 

2.17         Amendment
to Annex A of the Credit Agreement. 
Annex A to the Credit Agreement is hereby amended in its entirety to
read as set forth on Annex A hereto.

 

SECTION 3.           JOINDER.  For the avoidance of doubt, each Lender
executing and delivering a Lender Addendum in the form of Exhibit A hereto
(each, a “Lender Addendum”) shall, from and after the Seventh Amendment
Effective Date, be a party to the Credit Agreement and have the rights and
obligations of a Lender thereunder and under the other Loan Documents and shall
be bound by the other provisions thereof.

 

SECTION 4.           CONDITIONS
PRECEDENT. This Amendment shall become effective on and as of the date (the
“Seventh Amendment Effective Date”) on which the following conditions
precedent shall have been satisfied:

 

(a)           the Administrative Agent shall have received this Amendment, executed
and delivered by a duly authorized officer of each of Parent, Holdings and the
Primary Borrower;

 

(b)           the Administrative Agent shall have received a duly completed Lender
Addendum (or a facsimile transmission thereof), substantially in the form of Exhibit A
hereto, executed and delivered by (i) each Tranche B-1 Term Loan Lender
(as defined in this Amendment), (ii) Lenders constituting the Required
Lenders, (iii) Lenders constituting the Required Prepayment Lenders and (iv) for
the effectiveness of Sections 2.5, 2.6 and 2.8 hereof, each Multicurrency
Lender;

 

(c)           the Administrative Agent shall have received an executed Acknowledgment
and Consent, substantially in the form of Exhibit B hereto, from each
Guarantor (such Acknowledgment and Consent, together with this Amendment, the “Amendment
Documents”);

 

10

 

(d)           all additional or amended filings and all amendments to the Security
Documents requested by the Administrative Agent at a time reasonably prior to
the execution of the Amendment shall have been made and/or completed;

 

(e)           all material Governmental Authority and third party approvals necessary
or, in the reasonable discretion of the Administrative Agent, advisable to be
obtained by Holdings or any of its Subsidiaries in connection with the Tranche
B-1 Term Loans (as defined in this Amendment) and the continuing operations of
the Loan Parties shall have been obtained and shall be in full force and effect
as of the Seventh Amendment Effective Date;

 

(f)            the Administrative Agent shall have received
all fees required to be paid, and all reasonable expenses for which invoices
have been presented (including reasonable fees, disbursements and other charges
of counsel to the Agents), on or before the Seventh Amendment Effective Date;

 

(g)           the outstanding principal amount of the Existing Tranche B Term Loans
(as defined in this Amendment) shall have been paid in full with the proceeds
of the Tranche B-1 Term Loans or converted into Tranche B-1 Term Loans, and all
accrued and unpaid interest and other amounts due and payable on the Existing
Tranche B Term Loans not converted to Tranche B-1 Term Loans shall have been
paid in full;

 

(h)           the Administrative Agent shall have received a certificate duly
executed by a Responsible Officer of each of Parent, Holdings and the Primary
Borrower, dated the Seventh Amendment Effective Date, substantially in the form
of Exhibit C hereto, with appropriate insertions and attachments; and

 

(i)            the Administrative Agent shall have received
favorable written opinions (addressed to the Administrative Agent and the
Lenders and dated the Seventh Amendment Effective Date) of (i) Cadwalader,
Wickersham & Taft LLP, counsel to the Parent, Holdings and its
Subsidiaries and (ii) James M. Coughlin, Esq., general counsel of the
Parent, Holdings and its Subsidiaries, in each case in form and substance
reasonably satisfactory to the Administrative Agent and covering such matters
relating to the Loan Parties, the Loan Documents and this Amendment as the
Administrative Agent shall reasonably request.

 

The Administrative Agent shall notify the Primary
Borrower and the Lenders of the Seventh Amendment Effective Date, and such
notice shall be conclusive and binding.

 

SECTION 5.           REPRESENTATIONS
AND WARRANTIES.  To induce the
Administrative Agent to enter into this Amendment and to induce the Lenders to
consent thereto and the Tranche B-1 Term Loan Lenders to make the Tranche B-1
Term Loans contemplated by this Amendment, each of Parent, Holdings and the
Primary Borrower hereby represents and warrants to the Agents and all of the
Lenders as of the Seventh Amendment Effective Date that:

 

(a)           Each Loan Party has the power and authority, and the legal right, to
make and deliver the Amendment Documents to which it is a party and to perform
the Loan Documents to which it is a party, as amended by the Amendment Documents,
and has taken all necessary corporate action to authorize the execution,
delivery and performance of such Amendment Documents and the performance of
such Loan Documents, as so amended.

 

(b)           No consent or authorization of, approval by, notice to, filing with or
other act by or in respect of, any Governmental Authority or any other Person
is required in connection with 

 

11

 

the
execution and delivery of the Amendment Documents or with the performance, validity
or enforceability of this Amendment or the Loan Documents, as amended by the
Amendment Documents.

 

(c)           Each Amendment Document has been duly executed and delivered on behalf
of each Loan Party which is a party thereto.

 

(d)           Each Amendment Document and each Loan Document, as amended by the
Amendment Documents, constitutes a legal, valid and binding obligation of each
Loan Party that is a party thereto enforceable against such Loan Party in
accordance with its terms, except to the extent that enforceability may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the enforcement of creditors’ rights generally and by
general equitable principles (whether enforcement is sought by proceedings in
equity or at law).

 

(e)           The execution, delivery and performance of the Amendment Documents and
the performance of the Loan Documents, as amended by the Amendment Documents,
the borrowings thereunder and the use of proceeds thereof does not and will not
(i) violate or conflict with any Requirement of Law or any organizational
or other governing document of the Primary Borrower or any other Loan Party, (ii) violate,
result in a breach of, constitute (with due notice or lapse of time or both) a
default or cause any obligation, penalty or premium to arise or accrue under,
any Contractual Obligation of the Primary Borrower or any other Loan Party or (iii) result
in, or require the creation or imposition of any Lien upon, any Property of the
Primary Borrower or any other Loan Party pursuant to any such Requirement of
Law, any such organizational or other governing document, or any such
Contractual Obligation (other than the Liens created by the Security
Documents).

 

(f)            Each of the representations and warranties
made by the Primary Borrower or any other Loan Party in or pursuant to the Loan
Documents that is qualified by materiality is true and correct on and as of the
Seventh Amendment Effective Date, after giving effect to the effectiveness of
this Amendment, as if made on and as of such date, and each of the
representations and warranties made by the Primary Borrower or any other Loan
Party in or pursuant to the Loan Documents that is not qualified by materiality
is true and correct in all material respects on and as of the Seventh Amendment
Effective Date, after giving effect to the effectiveness of this Amendment, as
if made on and as of such date, except, in each case, to the extent that such
representations and warranties expressly relate to an earlier date, in which case
such representations and warranties shall be true and correct, or true and
correct in all material respects, as the case may be, as of such earlier date.

 

(g)           No Default or Event of Default has occurred and is continuing.

 

SECTION 6.           REFERENCE
TO AND EFFECT ON THE LOAN DOCUMENTS. On and after the Seventh Amendment
Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”,
“hereof” or words of like import referring to the Credit Agreement, and each
reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof”
or words of like import referring to the Credit Agreement, shall mean and be a
reference to the Credit Agreement as amended hereby.  Except as expressly amended herein, all of
the provisions of the Credit Agreement and the other Loan Documents are and
shall remain in full force and effect in accordance with the terms thereof and
are hereby in all respects ratified and confirmed.  The execution, delivery and effectiveness of
this Amendment shall not be deemed to be a waiver of, or consent to, or a
modification or amendment of, any other term or condition of the Credit
Agreement or any other Loan Document or to prejudice any other right or rights
which the Agents or the Lenders may now have or may have in the future under or
in 

 

12

 

connection with the
Credit Agreement or any of the instruments or agreements referred to therein,
as the same may be amended from time to time.

 

SECTION 7.           COUNTERPARTS.  This Amendment may be executed by one or more
of the parties hereto in any number of separate counterparts and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.  Delivery of an executed
signature page of this Amendment by facsimile transmission shall be
effective as delivery of a manually executed counterpart hereof.  A set of the copies of this Amendment signed
by all the parties shall be lodged with the Primary Borrower and the
Administrative Agent.

 

SECTION 8.           PAYMENT
OF EXPENSES.  The Primary Borrower
agrees to pay or reimburse the Administrative Agent for all of its reasonable
out-of-pocket costs and expenses incurred in connection with this Amendment and
any other documents prepared in connection herewith and the transactions
contemplated hereby, including, without limitation, the reasonable fees and
disbursements of counsel to the Administrative Agent.

 

SECTION 9.           GOVERNING
LAW.  THIS AMENDMENT AND THE RIGHTS
AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

13

 

EXECUTION COPY

 

IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be duly executed and delivered by their respective duly
authorized officers as of the day and year first above written.

 

 

	
   

  	
  SIX FLAGS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey R. Speed

  	
   

  
	
   

  	
   

  	
  Name: Jeffrey R. Speed

  	
   

  
	
   

  	
   

  	
  Title: EVP & CFO

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SIX FLAGS OPERATIONS INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey R. Speed

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Jeffrey R. Speed

  	
   

  
	
   

  	
   

  	
  Title:

  	
  EVP & CFO

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SIX FLAGS THEME PARKS INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey R. Speed

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Jeffrey R. Speed

  	
   

  
	
   

  	
   

  	
  Title:

  	
  EVP & CFO

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  LEHMAN COMMERCIAL PAPER INC.,

  
	
   

  	
  as Administrative Agent

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig Malloy

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Craig Malloy

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  	
   

  

 

 

ANNEX A

 

PRICING GRIDS

 

PRICING GRID FOR TRANCHE B
TERM LOAN FACILITY

 

	
   

  	
   

  	
  Applicable Margin for Tranche B-1 

  Term Loans

  	
   

  
	
  Ratings

  	
   

  	
  Eurocurrency
  

  Loans

  	
   

  	
  Base
  Rate Loans

  	
   

  
	
  Category 1: 

  Corporate family rating of B2 or lower by Moody’s Investors
  Service, Inc. (“Moody’s”) or B- or lower by Standard &
  Poor’s (“S&P”)

  	
   

  	
  2.25

  	
  %

  	
  1.25

  	
  %

  
	
  Category 2: 

  Corporate family rating of at least B1 by Moody’s and corporate rating of at
  least B by S&P

  	
   

  	
  2.00

  	
  %

  	
  1.00

  	
  %

  

 

For purposes of the
foregoing, (i) if either Moody’s or S&P shall not have in effect a
corporate family or corporate rating, as applicable, for the Primary Borrower
(other than by reason of the circumstances referred to in the last sentence of
this paragraph), then such rating agency shall be deemed to have established a
rating in Category 1; (ii) if the ratings established or deemed to have
been established by Moody’s and S&P for the Primary Borrower shall fall within
different Categories, the Applicable Margin shall be based on the lower of the
two ratings; and (iii) if the rating established or deemed to have been
established by Moody’s or S&P for the Primary Borrower shall be changed,
such change shall be effective as of the date on which such change is first
announced by the applicable rating agency. 
Each change in the Applicable Margin shall apply during the period
commencing on the effective date of such change and ending on the date
immediately preceding the effective date of the next such change.  If the rating system of Moody’s or S&P
shall change, or if either such rating agency shall cease to be in the business
of rating corporate obligors, the Primary Borrower and the Lenders shall
negotiate in good faith to amend this definition to reflect such changed rating
system or the unavailability of ratings from such rating agency and, pending
the effectiveness of any such amendment, the Applicable Rate shall be
determined by reference to the rating most recently in effect prior to such
change or cessation.

 

 

PRICING GRID FOR REVOLVING
CREDIT FACILITY

AND MULTICURRENCY FACILITY

 

	
  Consolidated

  Leverage Ratio

  	
   

  	
  Applicable Margin

  Eurocurrency Loans

  	
   

  	
  Applicable Margin

  Base Rate Loans

  	
   

  	
  Commitment Fee Rate

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  > 3.00 to 1.00

  	
   

  	
  2.75

  	
  %

  	
  1.75

  	
  %

  	
  0.500

  	
  %

  
	
  <
  3.00 to 1.00 and > 2.50 to 1.00

  	
   

  	
  2.50

  	
  %

  	
  1.50

  	
  %

  	
  0.500

  	
  %

  
	
  < 2.50 to
  1.00 and > 2.00 to 1.00

  	
   

  	
  2.25

  	
  %

  	
  1.25

  	
  %

  	
  0.500

  	
  %

  
	
  < 2.00 to
  1.00 and > 1.50 to 1.00

  	
   

  	
  1.75

  	
  %

  	
  0.75

  	
  %

  	
  0.375

  	
  %

  
	
  < 1.50 to
  1.00

  	
   

  	
  1.50

  	
  %

  	
  0.50

  	
  %

  	
  0.375

  	
  %

  

 

Changes in the Applicable
Margin or in the Commitment Fee Rate resulting from changes in the Consolidated
Leverage Ratio shall become effective on each date (each, an “Adjustment
Date”) on which financial statements of Holdings are delivered to the
Lenders pursuant to Section 9.1 (but in any event not later than the 45th
day after the end of each of the first three quarterly periods of each fiscal
year or the 90th day after the end of each fiscal year, as the case may be) and
shall remain in effect until the next change to be effected pursuant to this
paragraph.  If any financial statements
referred to above are not delivered within the time periods specified above,
then, until such financial statements are delivered, the Consolidated Leverage
Ratio as at the end of the fiscal period that would have been covered thereby
shall for the purposes of this definition be deemed to be greater than 3.0 to
1.0.  Each determination of the
Consolidated Leverage Ratio pursuant to this Pricing Grid shall be made for the
periods and in the manner contemplated by Section 10.1(a) (it being
understood that the foregoing ratio is of Consolidated Total Debt to
Consolidated EBITDA), except that, for purposes of this Pricing Grid,
Consolidated Total Debt shall be determined without giving effect to the
proviso in the definition of Consolidated Total Debt in Section 1.1.

 

2

 

EXHIBIT A

 

FORM OF LENDER ADDENDUM

 

April 21, 2006

 

Reference is made to (a) the Amended and
Restated Credit Agreement, dated as of July 8, 2002 (as amended,
supplemented or modified from time to time, the “Credit Agreement”),
among Six Flags, Inc., a Delaware corporation (“Parent”), Six Flags
Operations Inc., a Delaware corporation (“Holdings”), Six Flags Theme Parks
Inc., a Delaware corporation (the “Primary Borrower”), each Foreign
Subsidiary Borrower from time to time party thereto, the Lenders from time to
time parties thereto, The Bank of New York and Bank of America, N.A., as
Syndication Agents, Credit Lyonnais, New York Branch, as Documentation Agent,
and Lehman Commercial Paper Inc., as Administrative Agent, and (b) the
Seventh Amendment thereto (the “Seventh Amendment”) to which a form of
this Lender Addendum is attached as Exhibit A.  Unless otherwise defined herein, terms
defined in the Seventh Amendment and used herein shall have the meanings given
to them in the Seventh Amendment.

 

Upon execution and delivery of this Lender Addendum
by the parties hereto as provided in Section 4(b) of the Seventh
Amendment, the undersigned hereby (a) agrees to all of the provisions of
the Seventh Amendment and consents to the execution by the Administrative Agent
of the Seventh Amendment and (b) becomes a Lender under the Credit
Agreement having the Tranche B-1 Term Loan Commitment set forth in Schedule 1
hereto, effective as of the Seventh Amendment Effective Date.

 

Schedule 1 hereto sets forth the portion, if
any, of the undersigned’s Tranche B-1 Term Loan Commitment that the undersigned
wishes to satisfy by converting to a Tranche B-1 Term Loan an equivalent
portion of the undersigned’s outstanding Existing Tranche B Term Loans.

 

THIS LENDER ADDENDUM SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

This Lender Addendum may be executed by one or more
of the parties hereto on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.  Delivery of an executed
signature page hereof by facsimile transmission shall be effective as
delivery of a manually executed counterpart hereof.

 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Lender Addendum to be duly executed and delivered by their proper and duly
authorized officers as of the date first written above.

 

	
   

  	
   

  	
   

  
	
   

  	
  Name
  of Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
				

 

 

	
  Accepted and agreed:

  	
   

  
	
   

  	
   

  
	
  SIX FLAGS THEME PARKS INC.

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  LEHMAN COMMERCIAL PAPER INC., as

  Administrative Agent

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 

Schedule 1

 

TRANCHE B-1 TERM LOAN
COMMITMENT AND NOTICE ADDRESS

 

	
  1.

  	
  Name
  of Lender:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
  Tranche
  B-1 Term Loan Commitment

  	
   

  	
  $                            

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Portion
  of Existing Tranche B Term Loans to be converted to a Tranche B-1 Term Loan:

  	
   

  	
  

  $                            

  
	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
  If
  a new Lender, Notice Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attention:

  	
   

  	
   

  
	
   

  	
  Telephone:

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
   

  	
   

  

 

 

EXHIBIT B

 

ACKNOWLEDGMENT AND CONSENT

TO THE SEVENTH AMENDMENT

TO THE AMENDED AND RESTATED
CREDIT AGREEMENT

 

Reference is made to the
Amended and Restated Credit Agreement described in the foregoing Seventh
Amendment (the “Credit Agreement”; terms defined in the Credit Agreement
and used in this Acknowledgement and Consent shall have the meanings given to
such terms in the Credit Agreement). 
Each of the undersigned Guarantors hereby (a) consents to the
foregoing Seventh Amendment and the transactions contemplated thereby and (b) agrees
and acknowledges that all guarantees and grants of security interests contained
in the Guarantee and Collateral Agreement and other Security Documents are, and
shall remain, in full force and effect after giving effect to the foregoing
Seventh Amendment and all prior modifications, if any, to the Credit Agreement.

 

THIS ACKNOWLEDGMENT AND
CONSENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK.

 

(Rest of page left intentionally blank.)

 

 

	
   

  	
  SIX FLAGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SIX FLAGS OPERATIONS INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  

 

 

	
   

  	
  ASTROWORLD GP LLC

  
	
   

  	
  ASTROWORLD LP LLC

  
	
   

  	
  AURORA CAMPGROUND, INC.

  
	
   

  	
  DARIEN LAKE MANAGEMENT COMPANY, INC.

  
	
   

  	
  DARIEN LAKE THEME PARK AND
  CAMPING RESORT, INC.

  
	
   

  	
  ENCHANTED PARKS, INC.

  
	
   

  	
  FIESTA TEXAS, INC.

  
	
   

  	
  FRONTIER CITY PROPERTIES, INC.

  
	
   

  	
  FUNTIME, INC.

  
	
   

  	
  FUNTIME PARKS, INC.

  
	
   

  	
  GREAT ESCAPE HOLDING INC.

  
	
   

  	
  GREAT ESCAPE LLC

  
	
   

  	
  GREAT ESCAPE THEME PARK LLC

  
	
   

  	
  HURRICANE HARBOR GP LLC

  
	
   

  	
  HURRICANE HARBOR LP LLC

  
	
   

  	
  INDIANA PARKS, INC.

  
	
   

  	
  KKI, LLC

  
	
   

  	
  MWM HOLDINGS INC.

  
	
   

  	
  OHIO CAMPGROUNDS INC.

  
	
   

  	
  OHIO HOTEL LLC

  
	
   

  	
  PARK MANAGEMENT CORP.

  
	
   

  	
  PP DATA SERVICES INC.

  
	
   

  	
  PREMIER INTERNATIONAL HOLDINGS INC.

  
	
   

  	
  PREMIER PARKS HOLDINGS INC.

  
	
   

  	
  PREMIER PARKS OF COLORADO INC.

  
	
   

  	
  PREMIER WATERWORLD CONCORD INC.

  
	
   

  	
  PREMIER WATERWORLD SACRAMENTO INC.

  
	
   

  	
  RIVERSIDE PARK ENTERPRISES, INC.

  
	
   

  	
  SAN ANTONIO PARK GP, LLC

  
	
   

  	
  SFJ MANAGEMENT INC.

  
	
   

  	
  SFTP INC.

  
	
   

  	
  SFTP SAN ANTONIO GP, INC.

  
	
   

  	
  SFTP SAN ANTONIO, INC.

  
	
   

  	
  SFTP SAN ANTONIO II, INC

  
	
   

  	
  STUART AMUSEMENT COMPANY

  
	
   

  	
  TIERCO MARYLAND, INC.

  
	
   

  	
  TIERCO WATER PARK, INC.

  
	
   

  	
  WYANDOT LAKE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  

 

 

	
   

  	
  SF SPLASHTOWN INC.

  
	
   

  	
  SF SPLASHTOWN GP INC.

  
	
   

  	
  SIX FLAGS EVENTS INC.

  
	
   

  	
  SIX FLAGS EVENTS HOLDING CORP.

  
	
   

  	
  SIX FLAGS SERVICES, INC.

  
	
   

  	
  SIX FLAGS SERVICES OF ILLINOIS, INC.

  
	
   

  	
  SIX FLAGS SERVICES OF MISSOURI, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ASTROWORLD LP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Astroworld GP LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ELITCH GARDENS L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Premier Parks of Colorado Inc.,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FRONTIER CITY PARTNERS
  LIMITED 

  PARTNERSHIP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Frontier City Properties, Inc.,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  

 

 

	
   

  	
  HURRICANE HARBOR LP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Hurricane Harbor GP LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SF PARTNERSHIP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Six Flags Theme Parks Inc.,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SIX FLAGS SAN ANTONIO, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  SFTP San Antonio GP, Inc.,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SIX FLAGS SPLASHTOWN L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  SF Splashtown GP Inc.,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  

 

 

	
   

  	
  SIX FLAGS EVENTS L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Six Flags Events Inc.,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SAN ANTONIO THEME PARK, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  San Antonio Park GP, LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  James M. Coughlin

  
	
   

  	
   

  	
  Vice President

  

 

 

EXHIBIT C

 

FORM OF CLOSING
CERTIFICATE

 

Reference is made to the
Amended and Restated Credit Agreement, dated as of July 8, 2002 (as
amended, supplemented or modified from time to time, the “Credit Agreement”;
unless otherwise defined herein, terms defined therein being used herein as
therein defined), among Six Flags, Inc., a Delaware corporation (“Parent”),
Six Flags Operations Inc., a Delaware corporation (“Holdings”), Six
Flags Theme Parks Inc., a Delaware corporation (the “Primary Borrower”),
each Foreign Subsidiary Borrower from time to time party thereto, the several
banks and other financial institutions or entities from time to time parties
thereto (the “Lenders”) and Lehman Commercial Paper Inc., as
administrative agent (in such capacity, the “Administrative Agent”).  Pursuant to Section 4(h) of the
Seventh Amendment, dated as of April 21, 2006 (the “Seventh Amendment”),
among Parent, Holdings, the Primary Borrower and the Administrative Agent, each
of the officers (as specified below) of [Insert Name of Company], a Delaware
corporation (the “Company”), does hereby certify in such capacity, as
follows:

 

1.             The undersigned [Insert Officer’s Title] of
the Company does hereby certify, in such capacity, as follows:

 

(a)           The representations and warranties of the
Loan Parties set forth in each of the Loan Documents, or which are contained in
any certificate furnished by or on behalf of any Loan Party pursuant to any of
the Loan Documents, are true and correct in all material respects on and as of
the date hereof with the same effect as if made on the date hereof, except for
representations and warranties expressly stated to relate to an earlier date,
in which case such representations and warranties were true and correct in all
material respects as of such earlier date.

 

(b)           [Insert Name of [Assistant] Secretary] is the
duly elected and qualified [Assistant] Secretary of the Company and the
signature set forth for such officer below is such officer’s true and genuine
signature.

 

(c)           No Default or Event of Default has occurred
and is continuing as of the date hereof or after giving effect to the Tranche
B-1 Term Loans to be made on the date hereof.

 

(d)           The conditions precedent set forth in
Sections 4(a), 4(c), 4(d), 4(e) and 4(f) of the Seventh Amendment
have been satisfied as of the Seventh Amendment Effective Date, except to the
extent waived or modified by the Lenders.

 

(e)           The making of the Tranche B-1 Term Loans
(including the conversion of Existing Tranche B Term Loans into Tranche B-1
Term Loans), and the use of proceeds thereof, will not violate the terms of any
of the Indentures.

 

2.             The undersigned [Assistant] Secretary of the
Company does hereby certify, in such capacity, the following:

 

(a)           There are no liquidation or dissolution
proceedings pending or to my knowledge threatened against the Company, nor has
any other event occurred which is continuing and which has, or would reasonably
be expected to have, a material adverse effect upon or to my knowledge which
threatens the continued corporate existence of the Company.

 

 

(b)           The Company is a corporation duly
incorporated, validly existing and in good standing under the laws of the
jurisdiction of its organization.

 

(c)           Attached hereto as Annex 1 is a true
and complete copy of resolutions duly adopted by the unanimous written consent
of the Board of Directors of the Company on [                  ],
2006; such resolutions have not in any way been amended, modified, revoked or
rescinded, have been in full force and effect since their adoption to and
including the date hereof and are now in full force and effect and are the only
corporate proceedings of the Company now in force relating to or affecting the
matters referred to therein.

 

(d)           Attached hereto as Annex 2 is a true
and complete copy of the Certificate of Incorporation of the Company as in
effect on the date hereof, and such certificate has not been amended, repealed,
modified or restated, except as set forth therein.

 

(e)           Attached hereto as Annex 3 is a true
and complete copy of the By-Laws of the Company as in effect on the date hereof
and such By-Laws have not been amended, repealed, modified or restated, except
as set forth therein.

 

(f)            The following persons are now duly elected
and qualified officers of the Company holding the offices indicated next to
their respective names below, and the signatures appearing opposite their
respective names below are the true and genuine signatures of such officers,
and each of such officers is duly authorized to execute and deliver on behalf
of the Company each of the Loan Documents to which it is a party and any
certificate or other document to be delivered by the Company pursuant to the
Loan Documents to which it is a party:

 

	
  Name

  	
   

  	
  Office

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

(g)           Attached hereto as Annex 4 is a copy
of the certificate of good standing for the Company recently issued by the
jurisdiction of its organization.

 

This Certificate, including
Paragraph 2(f), may be signed in any number of counterparts, each of which
shall be an original, with the same effect as if the signatures thereto and
hereto were upon the same instrument.

 

2

 

IN WITNESS WHEREOF, the
undersigned have hereunto set our names as of the date set forth below.

 

	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
   

  	
   

  
	
  Date:                     ,2006

  	
   

  

 

3

 

ANNEX 1

 

[Resolutions]

 

 

ANNEX 2

 

[Certificate of
Incorporation]

 

 

ANNEX 3

 

[By-Laws]

 

 

ANNEX 4

 

[Certificate of Good
Standing]Exhibit
10.1

 

AMENDMENT
No. 3

TO

AMENDED
AND RESTATED CREDIT AGREEMENT

 

This Amendment No. 3 to Amended and Restated Credit
Agreement, dated as
of March 13, 2006 (the “Amendment”), among FARGO ELECTRONICS, INC., a Delaware
corporation (“Company”), the financial institutions that are or may from
time to time become parties hereto (together with their respective successors
and assigns, the “Banks”), LASALLE BANK NATIONAL ASSOCIATION (in its
individual capacity, “LaSalle”), as Agent for the Banks and as the Issuing
Bank, (the Banks, the Issuing Bank and the Agent being collectively referred to
herein as the “Lender Parties”) to that certain Amended and Restated Credit
Agreement dated as of December 18, 2002, among the Company, LaSalle, in its
capacities as Agent, Issuing Bank, and as the sole Bank, as amended by that
certain Amendment No. 1 to Amended and Restated Credit Agreement dated as of
April 1, 2004, among the Company, LaSalle, in its capacities as Agent, Issuing
Bank, and as the sole Bank, and by that certain Amendment No. 2 to Amended and
Restated Credit Agreement dated as of March 22, 2005 (as so amended, the “Original
Agreement”).

 

RECITALS:

 

A.            The Company has requested that the Lender
Parties amend a certain Section of the Original Agreement.

 

B.            Subject to the terms and conditions of this
Amendment, the Lender Parties will agree to the foregoing request of the
Company.

 

NOW, THEREFORE, the parties agree as follows:

 

1.             Defined Terms. All capitalized terms used in this Amendment
shall, except where the context otherwise requires, have the meanings set forth
in the Original Agreement as amended hereby.

 

2.             Amendment. The
Original Agreement is hereby amended as follows:

 

(a)   the definition of Termination Date
appearing in Section 1 is amended in its entirety to read as follows:

 

“Termination Date means the earlier to occur
of (a) March 31, 2007, as such stated date may be extended from time to time
pursuant to Section 2.6; or (b) such other date on which the Commitments
terminate pursuant to Section 6 or 12.”

 

(b)   Section 1 is further amended by deleting the definitions of Borrowing Base,
Borrowing Base Certificate, Eligible Accounts Receivable and Eligible
Inventory appearing therein.

 

(c)   Sections 2.1.1 and 2.1.2 are amended in their
respective entireties to read as follows:

 

“2.1.1     Revolving Loan Commitment. Each Bank will make loans on a revolving
basis (“Revolving Loans”) from time to time until the Termination Date in such
Bank’s Pro Rata Share of such aggregate amounts as the Company may request from
all Banks; provided that the Revolving Outstandings will not at any time exceed
the Revolving Commitment Amount. On the Effective Date, the “Revolving Loans”
outstanding under the Original Agreement shall be deemed to be outstanding
Revolving Loans hereunder and shall be subject to, and governed by this
Agreement.

 

1

 

2.1.2       L/C Commitment. (a)
The Issuing Bank will issue standby letters of credit, in each case containing
such terms and conditions as are permitted by this Agreement and are reasonably
satisfactory to the Issuing Bank (each a “Letter of Credit”), at the request of
and for the account of the Company from time to time before the date which is
30 days prior to the Termination Date and (b) as more fully set forth in Section
2.3.2, each Bank agrees to purchase a participation in each such Letter of
Credit; provided that (i) the aggregate Stated Amount of all Letters of Credit
shall not at any time exceed $500,000.00 and (ii) the Revolving Outstandings
will not at any time exceed the Revolving Commitment Amount. On the Effective
Date, the “Letters of Credit” outstanding under the Original Agreement shall be
deemed to be outstanding Letters of Credit hereunder and shall be subject to,
and governed by this Agreement.”

 

(d)   Section 6.2.2(a) is amended in its entirety to read as
follows:

 

“(a) If on any day the Revolving Outstandings exceed
the Revolving Commitment Amount, the Company shall immediately prepay Revolving
Loans and/or Cash Collateralize the outstanding Letters of Credit, or do a
combination of the foregoing, in an amount sufficient to eliminate such excess.”

 

(e)   Section 7.7 is amended in its entirety to read as follows:

 

“7.7 Authorization.
The Company hereby irrevocably authorizes the Agent and the Agent may, in its
sole and absolute discretion, at any time and from time to time, pay all or any
portion of any of the Company’s obligations hereunder including, without
limitation, interest, Attorney Costs and other fees, costs and expenses of the
Agent for which the Company is liable pursuant to the terms of the Loan
Documents, by charging any bank account of the Company maintained with Agent or
any Bank or by advancing the amount thereof to the Company as a Revolving Loan
and applying the proceeds of such Revolving Loan against such obligations;
provided, however, that the provisions of this Section 7.7 shall not affect the
Company’s obligation to pay when due all amounts payable by the Company under
any of the Loan Documents whether or not there are sufficient funds therefor in
any such bank account of the Company with Agent or any Bank, or whether after
making such Revolving Loan the Revolving Outstandings will exceed the Revolving
Commitment Amount and provided, further, that the Agent shall give
two days prior notice before charging any such account for the cost and expense
of the Agent referred to above.

 

(f)    Section 10.1.6 is amended in its entirety to read as
follows:

 

“10.1.6  Borrowing Base Certificates. Intentionally Deleted.”

 

(g)   The fourth sentence of Section 14.1 is
amended in its entirety to read as follows:

 

“No
amendment, modification, waiver or consent shall (a) increase the Revolving
Commitment Amount, (b) extend the date for payment of any principal of or
interest on the Loans or any fees payable hereunder, (c) reduce the principal
amount of any Loan, the rate of interest thereon or any fees payable hereunder,
(d) release all or any substantial part of the collateral granted under the
Collateral Documents, (e) reduce the aggregate Pro Rata Share required to
effect an amendment, modification, waiver or consent, or (f) affect Section 12,
without, in each case, the consent of all Banks.”

 

3.             Conditions to Effectiveness. This Amendment shall become effective on the
date (the “Effective Date”) when, and only when, the Agent shall have received:

 

(a)           Counterparts of this Amendment executed by
the Company and the Lender Parties;

 

(b)           a Secretary’s Certificate in the form
provided by the Agent, duly completed and executed by the Company; and

 

2

 

(c)           a Certificate of Good Standing for the
Company of recent date issued by the Secretary of State of the state of Company’s
incorporation and each other state required by the Agent.

 

4.             Representations and
Warranties. To induce the Lender
Parties to enter into this Amendment, the Company represents and warrants to
the Lender Parties as follows:

 

(a)           The execution, delivery and performance by
the Company of this Amendment and any other documents to be executed and/or
delivered by the Company in connection herewith have been duly authorized by
all necessary corporate action, do not require any approval or consent of, or
any registration, qualification or filing with, any government agency or
authority or any approval or consent of any other person (including, without
limitation, any stockholder), do not and will not conflict with, result in any
violation of or constitute any default under, any provision of the Company’s
articles of incorporation or bylaws, any agreement binding on or applicable to
the Company or any of the Company’s property, or any law or governmental
regulation or court decree or order, binding upon or applicable to the Company
or of any of the Company’s property and will not result in the creation or
imposition of any security interest or other lien or encumbrance in or on any
of its property pursuant to the provisions of any agreement applicable to the
Company or any of the Company’s property except pursuant to the Loan Documents;

 

(b)           The representations and warranties contained
in the Original Agreement are true and correct as of the date hereof as though
made on that date except to the extent that such representations and warranties
relate solely to an earlier date;

 

(c)           No events have taken place and no
circumstances exist at the date hereof which would give the Company the right
to assert a defense, offset or counterclaim to any claim by any Lender Party
for payment of any obligation (monetary or otherwise) of Company under the
Original Agreement as amended by this Amendment, any Note, or any other Loan
Document or any other document or instrument executed in connection therewith
and all Hedging Obligations owed to any Lender Party, in each case howsoever
created, arising or evidenced, whether direct or indirect, absolute or
contingent, now or hereafter existing, or due or to become due; and

 

(d)           The Original Agreement as amended by this
Amendment and the other Loan Documents to which the Company is a party remain
in full force and effect and are the legal, valid and binding obligations of
the Company and are enforceable in accordance with their respective terms,
subject to limitations as to enforceability which might result from bankruptcy,
insolvency, moratorium and other similar laws affecting creditors’ rights
generally and subject to limitations on the availability of equitable remedies.

 

5.             Reference to and Effect on the Loan Documents.

 

(a)           From and after the date of this Amendment,
each reference in the Original Agreement to “this Agreement”, “hereunder”, “hereof”,
“herein” or words of like import referring to the Original Agreement, and each
reference to the “Agreement”, “thereunder”, “thereof”, “therein” or words of
like import referring to the Original Agreement in any other Loan Document
shall mean and be a reference to the Original Agreement as amended hereby.

 

(b)           The execution, delivery and effectiveness of
this Amendment shall not operate as a waiver of any right, power or remedy of
the any Lender Party under the Original Agreement or any other Loan Document,
nor constitute a waiver of any provision of the Original Agreement or any such
other Loan Document.

 

6.             Costs, Expenses and Taxes. The Company agrees to pay on demand all
reasonable costs and expenses of the Lender Parties in connection with the
preparation, reproduction, execution and delivery of this Amendment and the
other documents to be delivered hereunder or thereunder, including their
reasonable attorneys’ fees and legal expenses. In addition, the Company shall
pay any and all stamp and other taxes and fees payable or determined to be
payable in connection with the execution and delivery, filing or recording of
this Amendment and the other instruments and documents to be delivered
hereunder, and agrees to save the Lender Parties harmless from

 

3

 

and
against any and all liabilities with respect to, or resulting from, any delay
in the Company’s paying or omission to pay, such taxes or fees.

 

7.             Governing Law. This Amendment shall be governed by and
construed in accordance with the laws of the State of Minnesota.

 

8.             Headings. Section headings in this Amendment are
included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose.

 

9.             Counterparts. This Amendment may be executed in separate
counterparts and by separate parties in separate counterparts, each of which
shall be an original and all of which taken together shall constitute one and
the same Amendment.

 

4

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized as of the date first written
above.

 

	
   

  	
   

  	
  FARGO
  ELECTRONICS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Paul W. B. Stephenson

  	
   

  
	
   

  	
   

  	
   

  	
   Paul W. B. Stephenson

  	
   

  
	
   

  	
   

  	
  Its:

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Subscribed
  and sworn to before me

  
	
  this
  13th day of March, 2006

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Jeffrey D. Upin

  	
   

  	
   

  
	
  Jeffrey D. Upin

  	
   

  	
   

  
	
  Notary
  Public

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LASALLE
  BANK NATIONAL ASSOCIATION, as Agent, Issuing Bank and as the sole Bank

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Peter Pricco

  	
   

  
	
   

  	
   

  	
   

  	
  Peter Pricco

  	
   

  
	
   

  	
   

  	
  Its:

  	
  Vice President

  	
   

  

 

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]