Document:

Exhibit
4.1

FIRST SUPPLEMENTAL INDENTURE

This First Supplemental
Indenture, dated as of February 9, 2005 (this “Supplemental Indenture”),
is made by and among Mrs. Fields Famous Brands, LLC, a Delaware limited
liability company (the “Company”), Mrs. Fields Financing Company, Inc.,
a Delaware corporation (the “Co-Issuer” and, together with the Company,
the “Issuers”), the Guarantors (as defined in the Indenture referred to
below) and The Bank of New York, a New York banking corporation, as trustee
under the indenture referred to below (the “Trustee”).

W I T N E S S E T H:

WHEREAS,
the Issuers and the Guarantors have heretofore executed and delivered to the
Trustee an indenture, dated as of March 16, 2004 (the “Indenture”),
providing for the issuance of 11-1/2% Senior Secured Notes due 2011 and 9%
Senior Secured Notes due 2011 (collectively, the “Notes”);

WHEREAS,
the Issuers and the Guarantors desire to amend the provisions of the Indenture
as set forth herein in order to cure ambiguities contained therein and to make
certain changes not adversely affecting the legal rights of the holders of the
Notes;

WHEREAS,
pursuant to Section 9.01 of the Indenture, the Issuers and the Guarantors may
amend, modify, waive or supplement provisions of the Indenture without the
consent of the holders of the Notes to such amendments, in order to cure any
ambiguity, defect or inconsistency contained therein and to make certain
changes not adversely affecting the legal rights of the holders of the Notes;
and

WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute
and deliver this Supplemental Indenture.

NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which hereby is acknowledged, the Company and the
Trustee mutually covenant and agree for the equal and ratable benefit of the
Holders of the Notes as follows:

1.                                       Capitalized
Terms.  Capitalized terms used herein
without definition shall have the respective meanings ascribed to them in the
Indenture.

2.                                       Amendments.  The Indenture is hereby amended in the
following respects:

(a)                                  Section 4.23 of
the Indenture is hereby amended by deleting the final paragraph of such
Section.

 

 

 

(b)                                 The second
sentence of Section 12.03(b) is hereby amended to read as follows:

“Except as provided by Section
12.04 below, to the extent applicable, the Issuers and the Guarantors shall
comply with TIA Section 314(d) relating to the release of property from the
security interests created by this Indenture and the Collateral Agreements.”

(c)                                  Section
12.03(d) of the Indenture is hereby amended by deleting the first sentence of
such Section.

(d)                                 The first
sentence of Section 12.04(a) of the Indenture is hereby amended to read as
follows:

“In the case of transactions
permitted by Section 12.04(c) hereof, the Issuers and the Guarantors
shall deliver to the Trustee, within 15 days after the end of each of the
six-month periods ended on June 30 and December 31 in each year, an Officers’
Certificate to the effect that all transactions effected pursuant to Section
12.04(c) hereof during the preceding six-month period were made in the
ordinary course of business and that all proceeds therefrom were used by the
Issuers and the Guarantors as permitted herein.”

(e)                                  Section
12.04(b) of the Indenture is hereby amended to read as follows:

“The fair value of Collateral
released from the Liens granted under the Collateral Agreements pursuant to Section
12.04(c) hereof shall not be considered in determining whether the
aggregate fair value of Collateral released from the Liens granted under the
Collateral Agreements in any calendar year exceeds the 10% threshold specified
in Section 314(d)(1) of the TIA; provided that the Issuers’ and the Guarantors’
right to rely on this sentence at any time is conditioned upon the Issuers and
the Guarantors having furnished to the Trustee all certificates described in Section
12.04(a) hereof that were required to be furnished to the Trustee at or
prior to such time.”

(f)                                    The lead-in
sentence to the subparagraphs of Section 12.04(c) of the Indenture is hereby
amended to read as follows:

“(c)  As long as the Issuers and the Guarantors are
in compliance with the provisions of Section 12.04(a) hereof, the
Issuers and the Guarantors may, pursuant to and in accordance with this
Indenture and the Collateral Agreements, without requesting the release or
consent of the Trustee:”

(g)                                 Section
12.04(c)(iii) of the Indenture is hereby amended to read as follows:

“[intentionally omitted];”

 

2

 

(h)                                 Section
12.04(c)(vi) of the Indenture is hereby amended to read as follows:

“(vi)  make cash payments (including for the
scheduled repayment of Indebtedness) from cash that is at any time part of the
Collateral in the ordinary course of business that are not otherwise prohibited
by this Indenture or any Collateral Agreement.”

(i)                                     Section
12.04(d) of the Indenture is hereby amended to read as follows:

“(d)  To the extent the Issuers and the
Guarantors have not complied with Section 12.04(a) hereof, neither the
Issuers nor the Guarantors shall dispose of or
transfer (by lease, assignment, sale or otherwise), in any transaction or any
series of related transactions, Collateral pursuant to the provisions of Section
12.04(c) hereof without requesting the release or consent of the Trustee
and delivering to the Trustee any required certificates or opinions.”

3.                                       NEW YORK LAW TO GOVERN.  THE INTERNAL LAW OF THE STATE OF NEW YORK
SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

4.                                       Counterparts.  The parties may sign any number of copies of
this Supplemental Indenture.  Each signed
copy shall be an original, but all of them together represent the same
agreement.

5.                                       Effect of
Headings.  The section
headings herein are for convenience only and shall not affect the construction
hereof.

6.                                       The Trustee.  The Trustee shall not be responsible in any
manner whatsoever for or in respect of the validity or sufficiency of this
Supplemental Indenture or for or in respect of the recitals contained herein,
all of which recitals are made solely by the Company.

7.                                       Ratification of
the Indenture; Supplemental Indenture Part of Indenture; No Conflict with Trust
Indenture Act.  Except as
expressly supplemented hereby, the Indenture is in all respects ratified and
confirmed and all the terms, conditions and provisions thereof shall remain in
full force and effect.  This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder
of Notes heretofore or hereafter authenticated and delivered shall be bound
hereby.  In the event of a conflict
between the terms and conditions of the Indenture and the terms and conditions
of this Supplemental Indenture, then the terms and conditions of this
Supplemental Indenture shall prevail.  If
any provision of this Supplemental Indenture limits, qualifies or conflicts
with another provision of this Supplemental Indenture or the Indenture that is
required to be included by the 

 

3

 

Trust
Indenture Act of 1939 as in force at the date hereof, the provision required by
the Trust Indenture Act of 1939 shall control.

[Remainder of Page Intentionally Left Blank.]

 

4

 

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

 

	
   

  	
   

  	
  MRS.
  FIELDS FAMOUS BRANDS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  MRS.
  FIELDS FINANCING COMPANY, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  GREAT
  AMERICAN COOKIE COMPANY FRANCHISING, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  MRS.
  FIELDS FRANCHISING, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  PRETZEL
  TIME FRANCHISING, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  PRETZELMAKER
  FRANCHISING, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

5

 

	
   

  	
   

  	
  TCBY
  SYSTEMS, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  MRS.
  FIELDS GIFTS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  THE MRS.
  FIELDS’ BRAND, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  GREAT
  AMERICAN MANUFACTURING, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  MRS.
  FIELDS COOKIES AUSTRALIA

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  TCBY
  INTERNATIONAL, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

6

 

	
   

  	
   

  	
  TCBY OF
  TEXAS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael R. Ward

  
	
   

  	
   

  	
  Name:

  	
  Michael R. Ward

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

	
   

  	
   

  	
  THE BANK
  OF NEW YORK, as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Daren M. DiNicola

  
	
   

  	
   

  	
  Name:

  	
  Daren M. DiNicola

  
	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  
						

 

7EXHIBIT 10.1

 

AMENDMENT
NO. 1 TO

THE METRO ONE
TELECOMMUNICATIONS

DEFERRED COMPENSATION PLAN

 

This Amendment No. 1
(this “Amendment”) to the Metro One Telecommunications Deferred Compensation
Plan is made as of the 8th day of February, 2005, to be effective December 31,
2004.

 

WHEREAS, Metro One
Telecommunications, Inc. (the “Company”) has previously adopted the Metro One
Telecommunications Deferred Compensation Plan, effective April 1, 1999 (the “Plan”).

 

WHEREAS, Section 8.1 of
the Plan provides that the Company’s Board of Directors may amend the Plan.

 

NOW, THEREFORE, it is
hereby agreed that:

 

(1)  The Plan
shall be amended, effective December 31, 2004, to provide that no further
salary or bonus deferral contributions with respect to deferral elections made
before that date, shall be made to the Plan after that date;

 

(2)  This
Amendment shall not affect the rights of any Participant to the amounts
standing to the credit in his account in the Deferred Compensation Ledger under
the Plan, which have accrued as of December 31, 2004, as subsequently adjusted
for earnings and losses; and

 

(3)  A copy of
this Amendment shall be provided to the Participants.

 

Terms not defined herein
shall have the meaning given them in the Plan. 
Except as expressly amended hereby, the Plan shall continue in full
force and effect unamended and in accordance with the provisions thereof.

 

IN WITNESS WHEREOF, the
Company has caused this document to be executed by its duly authorized officer
as of the date first written above.

 

	
   

  	
  METRO ONE
  TELECOMMUNICATIONS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Duane
  C. Fromhart

  	
   

  
	
   

  	
   

  	
    Duane
  C. Fromhart

  	
   

  
	
   

  	
   

  	
    Chief
  Financial Officer

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