Document:

exv10w2

Exhibit 10.2

FIRST POTOMAC REALTY TRUST

RESTRICTED STOCK AGREEMENT

          This RESTRICTED STOCK AGREEMENT, is entered into as of May 20, 2010 (the “Agreement”), by and
between, First Potomac Realty Trust, a Maryland real estate investment trust (the “Company”), and
                     (the “Recipient”). Capitalized terms used but not otherwise defined in this
Agreement shall have the respective meanings set forth in the First Potomac Realty Trust 2009
Equity Compensation Plan (the “Plan”).

          WHEREAS, on May 20, 2010 (the “Date of Grant”), the Compensation Committee (the “Committee”)
of the Board of Trustees (the “Board”) of the Company granted the Recipient a Restricted Stock
Award, pursuant to which the Recipient shall receive shares of the Company’s Class A Common Stock,
par value $.01 per share (“Common Stock”), pursuant to and subject to the terms and conditions of
the Plan.

          NOW, THEREFORE, in consideration of the Recipient’s services to the Company and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

          1. Number of Shares; Restrictions. The Company hereby grants the Recipient a
Restricted Stock Award (the “Stock Award”) of 3,379 shares of restricted Common Stock (the
“Restricted Shares”) pursuant to the terms of this Agreement and the provisions of the Plan. The
Restricted Shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise
disposed of and shall be subject to a risk of forfeiture until the lapse of the Restricted Period,
as defined in Section 2 below.

          2. Lapse of Restrictions; Restricted Period. Except as provided in Sections 3 and 5
below, the restrictions set forth in Section 1 above shall lapse and all of the Restricted Shares
shall become unrestricted and freely tradable on May 20, 2011, if Recipient is a member of the
board of trustees of the Company or any of its affiliates.

          3. Change of Control. The provisions of the Plan applicable to a Change of Control
shall apply to the Restricted Stock, and in the event of a Change of Control, the Committee may
take such actions as it deems appropriate pursuant to the Plan. Notwithstanding the preceding
sentence, if a Change of Control occurs, all of the Restricted Stock shall become immediately
unrestricted and freely transferable by the Recipient on the date of the Change of Control.

          4. Rights of Stockholder. From and after the Date of Grant and for so long as the
Restricted Stock is held by or for the benefit of the Recipient, the Recipient shall have all the
rights of a stockholder of the Company with respect to the Restricted Stock, including but not
limited to the right to receive dividends and the right to vote such Restricted Stock. Dividends
paid on Restricted Stock shall be paid at the dividend payment date for the Common Stock in cash or
shares of Common Stock. Stock distributed in connection with a Common Stock split or Common Stock
dividend shall be subject to restrictions and a risk of forfeiture to the same extent as the
Restricted Stock with respect to which such Common Stock has been distributed.

          5. Termination of Membership on Board of Trustees. In the event that Recipient ceases
to be a member of the Board of Trustees of the Company (the “Board”) for any reason prior to the
lapse of the Restricted Period, then the Restricted Stock and any accrued but unpaid dividends that
are at that time

 

 

subject to restrictions set forth herein shall be forfeited to the Company without payment of any
consideration by the Company, and neither the Recipient nor any of his or her successors, heirs,
assigns, or personal representatives shall thereafter have any further rights or interests in such
shares of Restricted Stock or certificates. Notwithstanding the preceding, the restrictions set
forth in Section 1 above shall lapse and the Restricted Stock shall not be forfeited on the date
Recipient ceases to be a member of the Board due to Recipient’s death, disability, required
retirement or non-reelection to the Board.

          6. Miscellaneous.

          (a) Entire Agreement. This Agreement and the Plan contain the entire understanding and
agreement of the Company and the Recipient concerning the subject matter hereof, and supersede all
earlier negotiations and understandings, written or oral, between the parties with respect thereto.

          (b) Conflicting Provisions. This Agreement is made under and subject to the provisions
of the Plan, and all of the provisions of the Plan are hereby incorporated by reference into this
Agreement. In the event of any conflict between the provisions of this Agreement and the provisions
of the Plan, the provisions of the Plan shall govern. By signing this Agreement, the Recipient
confirms that he or she has received a copy of the Plan and has had an opportunity to review the
contents thereof.

          (c) No Guarantee of Continued Membership on Board. The Recipient acknowledges and
agrees that nothing herein shall be deemed to create any implication concerning the adequacy of the
Recipient’s services to the Company or any of its subsidiaries or shall be construed as an
agreement by the Company or any of its subsidiaries, express or implied with respect to Recipient’s
continued membership on the Board.

          (d) Assignment and Transfer. Except as the Committee may otherwise permit pursuant to
the Plan, the rights and interests of the Recipient under this Agreement may not be sold, assigned,
encumbered, pledged, or otherwise transferred except in the event of the death of the Recipient, by
will or by the laws of descent and distribution. In the event of any attempt by the Recipient to
sell, assign, encumber, pledge or otherwise transfer its rights and interests hereunder, except as
provided in this Agreement, or in the event of the levy or any attachment, execution or similar
process upon the rights or interests hereby conferred, the Company may terminate the Restricted
Shares by notice to the Recipient, and the Restricted Stock and all rights hereunder shall
thereupon become null and void. The rights and protections of the Company hereunder shall extend to
any successors or assigns of the Company. This Agreement may be assigned by the Company without the
Recipient’s consent.

          (e) Captions. The captions and section numbers appearing in this Agreement are
inserted only as a matter of convenience. They do not define, limit, construe or describe the scope
or intent of the provisions of this Agreement.

          (f) Counterparts. This Agreement may be executed in counterparts, each of which when
signed by the Company or the Recipient will be deemed an original and all of which together will be
deemed the same agreement.

          (g) Notices. Any notice to the Company provided for in this Agreement shall be
addressed to the Company in care of the General Counsel at the headquarters of the Company, and any
notice to the Recipient shall be addressed to the Recipient at his current home address shown on
the records of the Company, or such other address as the

 

 

Recipient may designate to the Company in writing pursuant to the procedures of this Section 6(g).
Any notice shall be given by personal delivery, by first class U.S. Mail, or by facsimile.

          (h) Amendments. Subject to the provisions of the Plan, this Agreement may be amended
or modified at any time by an instrument in writing signed by the parties hereto.

          (i) Governing Law. This Agreement and the rights of all persons claiming hereunder
will be construed and determined in accordance with the laws of the State of Maryland without
giving effect to the choice of law principles thereof.

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

	 	 	 	 	 
	 	 	FIRST POTOMAC REALTY TRUST

    	 
	Attest: 	 	
 	 
	 	  	By:  	 	 
	 	 	  	Joel F. Bonder 	 
	 	 	  	Executive Vice President and General Counsel 	 
	 
	 	 	RECIPIENTExhibit 10.1

Exhibit 10.1

SEVENTH AMENDMENT TO

FINANCING AGREEMENT

THIS SEVENTH AMENDMENT TO FINANCING AGREEMENT (this “Amendment”), dated as of this
27th day of May, 2010, is made by and among:

CROWN CRAFTS, INC., a Delaware corporation (“CCI”);

CHURCHILL WEAVERS, INC., a Kentucky corporation (“Weavers”);

HAMCO, INC., a Louisiana corporation (“Hamco”);

CROWN CRAFTS INFANT PRODUCTS, INC., a Delaware corporation (“CCIP”; together with CCI,
Weavers and Hamco, the “Companies” and each a “Company”); and

THE CIT GROUP/COMMERCIAL SERVICES, INC., a New York corporation (“CIT”),

to the Financing Agreement, dated July 11, 2006 (as amended, modified, restated or
supplemented from time to time, the “Financing Agreement”), among CIT and the Companies.
All capitalized terms used herein without definition shall have the meanings ascribed to such terms
in the Financing Agreement.

RECITALS

A. Pursuant to the Financing Agreement, CIT has agreed to make loans and extend credit to the
Companies in the amounts, upon the terms and subject to the conditions contained therein.

B. The Companies have requested CIT’s consent to (i) the acquisition by Hamco of certain
intellectual property from The Procter & Gamble Company (“P&G”) related to the manufacture
and sale of “Bibsters” brand disposable bibs and of certain assets, rights and properties of The
Evercare Company (“Evercare”) related to its manufacture and sale of “Bibsters” brand
disposable bibs under license from P&G and (ii) the execution of a Trademark License Agreement
between CCI and P&G for the license of certain trademarks currently used in the packaging of
“Bibsters” brand disposable bibs.

C. CIT has agreed to such request, subject to the terms and conditions contained in this
Amendment, and to accomplish the foregoing, CIT and the Companies have agreed to enter into this
Amendment.

 

 

 

STATEMENT OF AGREEMENT

NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby expressly acknowledged, the
Companies and CIT hereby agree as follows:

ARTICLE I

CONSENT

Subject to the terms and conditions contained in this Amendment, CIT consents to (a) the
acquisition by Hamco from P&G of certain patents specific to disposable bibs and certain “Bibsters”
trademarks, all in accordance with the terms and conditions of that certain Purchase Agreement For
Bibsters Intellectual Property, dated on or about the date of this Amendment, between Hamco and
P&G, (b) the acquisition by Hamco from Evercare of certain of Evercare’s assets, rights and
properties related to its business of designing, marketing, selling and distributing non-woven
disposable bibs, all in accordance with the terms and conditions of that certain Asset Purchase
Agreement, dated on or about the date of this Amendment, between Hamco and Evercare and (c) CCI’s
execution of a Trademark License Agreement, dated on or about the date of this Amendment, between
CCI and P&G for the license of certain trademarks currently used in the packaging of “Bibsters”
brand disposable bibs (the “P&G License Agreement”).

ARTICLE II

AMENDMENTS TO FINANCING AGREEMENT

The Financing Agreement is hereby amended as follows:

2.1 Section 1.1 of the Financing Agreement is amended by adding the following new defined
terms in their proper alphabetical sequence:

“Bibsters Acquisitions shall mean the Bibsters Inventory Acquisition
and the Bibsters IP Acquisition.

Bibsters Inventory Acquisition shall mean the purchase by Hamco from
Evercare of certain of Evercare’s assets, rights and properties related to its
business of designing, marketing, selling and distributing non-woven disposable
bibs, all as more fully described in the Bibsters Inventory Purchase Agreement.

Bibsters Inventory Purchase Agreement shall mean that certain Asset
Purchase Agreement, dated on or about the date of the Seventh Amendment to this
Agreement, between Hamco, as purchaser, and Evercare, as seller, and all exhibits
and schedules thereto.

 

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Bibsters IP Acquisition shall mean the purchase by Hamco from P&G of
certain patents specific to disposable bibs and certain “Bibsters” trademarks, all
as more fully described in the Bibsters IP Purchase Agreement.

Bibsters IP Purchase Agreement shall mean that certain Purchase
Agreement For Bibsters Intellectual Property, dated on or about the date of the
Seventh Amendment to this Agreement, between Hamco, as purchaser, and P&G, as
seller, and all exhibits and schedules thereto.

Bibsters Purchase Agreements shall mean the Bibsters Inventory Purchase
Agreement and the Bibsters IP Purchase Agreement.

Evercare shall mean The Evercare Company, a Delaware corporation.

P&G shall mean The Procter & Gamble Company, an Ohio corporation.

Seventh Amendment Effective Date shall mean the date on which the
Seventh Amendment to this Financing Agreement is executed and delivered by the
Companies and the conditions precedent to the effectiveness of such amendment are
satisfied or waived by CIT.”

2.2 New Sections 7.2(p) and 7.2(q) are added in proper sequence as follows:

“(p) Bibsters Acquisitions. Each of the Bibsters Purchase Agreements
is in full force and effect as of the Seventh Amendment Effective Date and has not
been amended or waived by any party thereto in any material respect. All
representations and warranties of the parties to each of the Bibsters Purchase
Agreements are, to the best of Hamco’s knowledge, true and correct in all material
respects as of the Seventh Amendment Effective Date with the same effect as though
made on such date. All requisite approvals by governmental authorities and
regulatory bodies having jurisdiction over Hamco in connection with each of the
Bibsters Acquisitions contemplated by the Bibsters Purchase Agreements have been
duly obtained and no such approvals impose any conditions to the consummation of the
transactions contemplated by each of the Bibsters Purchase Agreements or to the
conduct of the business of Hamco in the same manner as heretofore conducted. Hamco
has not been notified that legal proceedings adverse to the transaction contemplated
by either of the Bibsters Purchase Agreements are contemplated by any person,
including any governmental body or agency.

(q) Movement of Bibsters Inventory. Within thirty (30) days after the
Seventh Amendment Effective Date, Hamco shall move all Inventory purchased from
Evercare (other than Inventory previously sold in the ordinary course of business)
to a location owned by a Company or a location of a Company for which an existing
landlord or warehouseman waiver in favor of CIT is in effect.”

 

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ARTICLE III

REPRESENTATIONS AND WARRANTIES

The Companies hereby represent and warrant to CIT that:

3.1 Compliance With the Financing Agreement. As of the execution of this Amendment,
each Company is in compliance with all of the terms and provisions set forth in the Financing
Agreement and the other Loan Documents to be observed or performed by such Company.

3.2 Representations in Financing Agreement. The representations and warranties of
each Company set forth in the Financing Agreement and the other Loan Documents are true and correct
in all material respects except to the extent that such representations and warranties relate
solely to or are specifically expressed as of a particular date or period which is past or expired
as of the date hereof.

3.3 No Event of Default. No Default or Event of Default exists.

ARTICLE IV

CONDITIONS PRECEDENT

This Amendment shall become effective and be deemed effective as of the date hereof upon the
satisfaction or waiver by the Lender of the following conditions precedent:

(a) Receipt by CIT of the following documents, each to be in form and content satisfactory to
CIT and its counsel:

(i) this Amendment, duly executed by the Companies;

(ii) searches of the patent and trademark assignment records of the United States Patent and
Trademark Office (the “USPTO”) with respect to the patents and trademarks to be purchased
by Hamco from P&G that are registered with the USPTO, and tax lien, judgment lien and UCC searches
on each of P&G and Evercare from all jurisdictions reasonably required by CIT, all such searches to
verify that CIT will have a first priority security interest in the Collateral to be purchased from
P&G and Evercare, subject only to Permitted Encumbrances and, in the case of Evercare, the security
interest of Orix Financial Corp. that is to be released by Orix Financial Corp. on the assets of
Evercare to be sold to Hamco pursuant to the Bibsters Inventory Acquisition on or prior to the
Seventh Amendment Closing Date in a manner satisfactory to CIT;

(iii) resolutions of the Board of Directors of Hamco authorizing the execution, delivery and
performance of each of the Bibsters Purchase Agreements, certified by the Secretary of Hamco as of
the date thereof;

 

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(iv) copies of each of the Bibsters Purchase Agreements, the other purchase documents related
thereto and the P&G License Agreement, accompanied by the certificate of the chief financial
officer of each of CCI and Hamco as to certain representations and warranties contained in the
Bibsters Purchase Agreements and the P&G License Agreement and the consummation of each of the
Bibsters Acquisitions;

(v) a collateral assignment of Hamco’s rights and remedies under each of the Bibsters Purchase
Agreements, duly executed by Hamco and acknowledged and agreed to by each of P&G and Evercare, as
applicable; and

(vi) such other documents, instruments and agreements as CIT shall reasonably request in
connection with the foregoing matters.

(b) All approvals, licenses, consents and filings necessary to permit each of the Bibsters
Acquisitions and the other transactions contemplated by this Amendment shall have been obtained and
made;

(c) There shall not have occurred any event, condition or state of facts which would
reasonably be expected to have a Material Adverse Effect, as reasonably determined by CIT;

(d) No Default or Event of Default shall have occurred and be continuing;

(e) Simultaneously with the execution of the Amendment, (i) each of the Bibsters Acquisitions
shall be consummated in accordance with the terms of the applicable Bibsters Acquisition Agreements
and other purchase documents that will be satisfactory to CIT and its counsel and (ii) CCI shall
execute the P&G License Agreement; and

(f) CIT shall have satisfactorily completed its due diligence on each of the Bibsters
Acquisitions, the P&G License Agreement and the Collateral to be purchased in connection with the
Bibsters Acquisitions.

ARTICLE V

GENERAL

5.1 Loan Documents. The Financing Agreement and the other Loan Documents are amended
to provide that any reference therein to the Financing Agreement shall mean, unless otherwise
specifically provided, the Financing Agreement as amended hereby, and as further amended, restated,
supplemented or modified from time to time.

5.2 Full Force and Effect. As expressly amended hereby, the Financing Agreement and
the other Loan Documents shall continue in full force and effect in accordance with the provisions
thereof. As used in the Financing Agreement and the other Loan Documents, “hereinafter,” “hereto,”
“hereof,” or words of similar import, shall, unless the context otherwise requires, mean the
Financing Agreement or the other Loan Documents, as the case may be, as amended by this Amendment.

 

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5.3 Applicable Law. This Amendment shall be governed by and construed in accordance
with the internal laws and judicial decisions of the State of New York.

5.4 Counterparts. This Amendment may be executed in one or more counterparts, each of
which shall constitute an original, but all of which when taken together shall constitute but one
and the same instrument.

5.5 Further Assurances. The Companies shall execute and deliver to CIT such
documents, certificates and opinions as CIT may reasonably request to effect the amendments
contemplated by this Amendment.

5.6 Headings. The headings of this Amendment are for the purpose of reference only
and shall not effect the construction of this Amendment.

5.7 Expenses. The Companies shall reimburse CIT for CIT’s legal fees and expenses
(whether in-house or outside) incurred in connection with the preparation, negotiation, execution
and delivery of this Amendment and all other agreements and documents contemplated hereby.

5.8 Waiver of Jury Trial. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH
COMPANY AND CIT WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING OR COUNTERCLAIM OF
ANY KIND ARISING OUT OF OR RELATED TO THIS AMENDMENT, THE FINANCING AGREEMENT OR THE OTHER LOAN
DOCUMENTS OR THE TRANSACTIONS RELATED HERETO OR THERETO.

[signatures appear on the following pages]

 

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

	 	 	 	 	 
	 	CCI:

CROWN CRAFTS, INC.

 	 
	 	By:  	/s/ Olivia Elliott
 	 
	 	 	Olivia Elliott 	 
	 	 	CFO 	 
	 
	 	WEAVERS:

CHURCHILL WEAVERS, INC.

 	 
	 	By:  	/s/ Olivia Elliott
 	 
	 	 	Olivia Elliott 	 
	 	 	CFO 	 
	 
	 	HAMCO:

HAMCO, INC.

 	 
	 	By:  	/s/ Olivia Elliott
 	 
	 	 	Olivia Elliott 	 
	 	 	CFO 	 
	 
	 	CCIP:

CROWN CRAFTS INFANT PRODUCTS, INC.

 	 
	 	By:  	/s/ Olivia Elliott
 	 
	 	 	Olivia Elliott 	 
	 	 	CFO 	 
	 

[signatures continue on the following page]

 

 

	 	 	 	 	 
	 	CIT:

THE
CIT GROUP/COMMERCIAL SERVICES, INC.

 	 
	 	By:  	/s/ Vernon Wells
 	 
	 	 	Vernon Wells 	 
	 	 	Vice President

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