Document:

Ninth Amendment to Amended and Restated Credit Agreement

 Exhibit 10.2 
 NINTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 
 May 15, 2009 
 Caraustar Industries, Inc. 
 5000 Austell Powder Springs Road 
 Suite 300 
 Austell, Georgia 30106 
 Attention: Chief Financial Officer 
 Ladies and Gentlemen: 

Reference is hereby made to that certain Amended and Restated Credit Agreement, dated as of March 30, 2006 (as at any time amended, restated,
modified, or supplemented, the “Credit Agreement”), among the financial institutions from time to time parties thereto (the “Lenders”), Bank of America, N.A., a national banking association, as agent for the Lenders
(the “Agent”), Caraustar Industries, Inc., a North Carolina corporation (“Caraustar”), each subsidiary of Caraustar listed on the signature pages thereto as a “Borrower” (Caraustar and such Subsidiaries,
collectively, the “Borrowers”) and each subsidiary of Caraustar listed on the signature pages thereto as a “Guarantor” (such Subsidiaries, collectively, the “Guarantors”). Capitalized terms used herein and
not otherwise defined herein shall have the meaning ascribed to such terms in the Credit Agreement. 
 Borrowers have advised Agent and
Lenders of Borrowers’ failure to make an interest payment due and owing under the Senior Notes (2010). 
 The parties previously agreed
on May 8, 2009 to allow Borrowers additional time to deliver to Agent the evidence of repayment or redemption of the Senior Notes (2009) required under clause (c) of Section 7.14 of the Credit Agreement. 
 The parties are now entering into this letter amendment to provide Borrowers with further time to deliver to Agent the evidence of repayment or
redemption of the Senior Notes (2009) required under clause (c) of Section 7.14 of the Credit Agreement, subject to the terms and conditions set forth herein. 
 NOW, THEREFORE, for and in consideration of Ten Dollars in hand paid and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Amendment to Credit Agreement. The Credit Agreement is hereby
amended by deleting clause (c) of Section 7.14 thereof and by substituting in lieu thereof the following new clause (c): 
 (c) No later than June 1, 2009, the Borrowers shall provide the Agent (i) evidence of the repayment or redemption in full of the Senior Notes (2009) through a Permitted Senior Note Refinancing or
pursuant to Section 7.14(a)(iii) or of the defeasance of the Borrowers’ obligations under the Senior Note Indenture (2009) in accordance with the terms thereof or (ii) notice of the principal amount of the Senior Notes
(2009) that remain or will remain outstanding on June 1, 2009, in which event the Agent may (and upon the written request of Required Lenders shall) establish Reserves in an amount equal to the outstanding principal amount of the Senior
Notes (2009), which Reserves will be released by the Agent on the date of any repayment or redemption in full 

 
Caraustar Industries, Inc. 
 May 15, 2009 
 Page 2 
 of the Senior Notes (2009) (or defeasance of
the Borrowers’ obligations under the Senior Note Indenture (2009)) permitted hereunder. 
 2. Delivery of Budget and Final Term
Sheet. Without limiting or further modifying in any way the requirements of Section 7.14(c) of the Credit Agreement, as amended herein, Borrowers hereby covenant and agree to deliver to Agent (a) on or before May 15, 2009, a
budget, including profit and loss statements, balance sheets and forecasts of loan availability, disbursements and collections, depicted by month for the 12-month period beginning on June 1, 2009, together with a budget in comparable form
depicting by week such financial estimates for the 13-week period beginning on June 1, 2009, and (b) on or before June 1, 2009, a term sheet setting forth the terms and conditions of the transaction proposed by the Borrowers to
restructure the Senior Notes (2009) and signed by the members of the steering committee for the holders of the Senior Notes (2009) to evidence their respective support of the transactions outlined therein (which is understood to be
nonbinding and subject to final documentation), with such terms and conditions to be acceptable to Agent and Lenders. 
 3. Agreement
Regarding Revolver Loans. Notwithstanding anything contained in the Credit Agreement to the contrary, the parties hereto each agree that, during the period beginning on April 30, 2009 and ending at the close of business on June 1,
2009, (i) Borrowers shall have no right to request, and Lenders shall have no obligation to make, Revolving Loans under the Credit Agreement and (ii) the Agent shall have no obligation to issue or cause to be issued any Letters of Credit
or to increase the face amount of any outstanding Letters of Credit. 
 4. Ratification and Reaffirmation; Acknowledgements and
Agreements. Each Obligor hereby ratifies and reaffirms the Obligations, each of the Loan Documents, and all of such Obligor’s covenants, duties, and liabilities thereunder. Each Obligor acknowledges and stipulates that the Credit Agreement,
the Security Agreement, and the other Loan Documents executed by such Obligor are legal, valid and binding obligations of such Obligor that are enforceable against such Obligor in accordance with the terms thereof; all of the Obligations are owing
and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by such Obligor); and the security interests and liens granted by such Obligor
in favor of the Agent are duly perfected, first priority security interests and liens. 
 5. Representations and Warranties. Each
Obligor represents and warrants to Agent and Lenders, to induce the Agent and the Required Lenders to enter into this letter agreement, that no Event of Default exists on the date hereof, the execution, delivery and performance of this letter
agreement have been duly authorized by all requisite action on the part of such Obligor, this letter agreement has been duly executed and delivered by such Obligor, all of the representations and warranties made by such Obligor in the Credit
Agreement and the Security Agreement are true and correct on and as of the date hereof, and, to the best of such Obligor’s knowledge, there exists no claim or cause of action of any kind or nature, whether absolute or contingent, disputed or
undisputed, at law or in equity, that such Obligor has or has ever had against the Agent or any Lender arising under or in connection with any of the Loan Documents (and to the extent there exists any such claim or cause of action on the date
hereof, the same is hereby waived by such Obligor). 
 6. References to the Credit Agreement. Upon the effectiveness of this letter
agreement, each reference in the Credit Agreement to “this Agreement,” “hereunder,” or words of like import shall mean and be a reference to the Credit Agreement as amended by this letter agreement. This letter agreement shall be
part of the Credit Agreement and a breach of any representation, warranty, or covenant herein shall constitute an Event of Default. 

 Caraustar Industries, Inc. 
 May 15, 2009 
 Page 3 
 7.
Expenses of Agent. Borrowers agrees to pay, on demand, all costs and expenses incurred by the Agent in connection with the preparation, negotiation and execution of this letter agreement and any other Loan Documents executed pursuant
hereto and any and all amendments, modifications and supplements thereto, including, without limitation, the costs and fees of the Agent’s legal counsel and any taxes or expenses associated with or incurred in connection with any instrument or
agreement referred to herein or contemplated hereby. 
 8. No Novation, Waiver etc. Except as otherwise expressly provided in this
agreement, nothing herein shall be deemed to amend or modify any provision of the Credit Agreement or any of the other Loan Documents, each of which shall remain in full force and effect. Nothing contained herein shall be deemed to constitute a
waiver of any Default or Event of Default in existence on the date hereof or Borrowers’ obligations to comply with all of the terms and conditions of the Credit Agreement and the other Loan Documents from and after the date hereof. This
agreement is not intended to be, nor shall it be construed to create, a novation or accord and satisfaction, and the Credit Agreement as herein modified shall continue in full force and effect. 
 9. Miscellaneous. This agreement shall be governed by and construed in accordance with the internal laws of the State of Georgia and shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. This agreement may be executed in any number of counterparts and by different parties to this agreement on separate counterparts, each of which,
when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same agreement. Any signature delivered by a party by facsimile transmission shall be deemed to be an original signature hereto. To the fullest
extent permitted by Applicable Law, the parties hereto each hereby waives the right to trial by jury in any action, suit, counterclaim or proceeding arising out of or related to this agreement. 
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 The parties hereto have caused this letter agreement to be duly executed and delivered by their
respective duly authorized officers on the date first written above. 
  

			
	 Very truly yours
  
 BANK OF AMERICA, N.A., as the Agent

		
	By:	 	/s/ Walter T. Shellman
		 	 Walter T. Shellman, Senior Vice President

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		 		 	Accepted and agreed to:
			
	BORROWERS:	 		 	CARAUSTAR INDUSTRIES, INC.
				
		 		 	By:	 	/s/ Ronald J. Domanico
		 		 		 		 	Ronald J. Domanico, Senior Vice President
		 		 	
			
		 		 	CARAUSTAR CUSTOM PACKAGING GROUP, INC.
				
		 		 	By:	 	/s/ Ronald J. Domanico
		 		 		 		 	Ronald J. Domanico, Vice President
		 		 	
			
		 		 	CARAUSTAR RECOVERED FIBER GROUP, INC.
				
		 		 	By:	 	/s/ Ronald J. Domanico
		 		 		 		 	Ronald J. Domanico, Vice President
		 		 	
			
		 		 	CARAUSTAR INDUSTRIAL AND CONSUMER PRODUCTS GROUP, INC.
				
		 		 	By:	 	/s/ Ronald J. Domanico
		 		 		 		 	Ronald J. Domanico, Vice President
		 		 	
			
		 		 	CARAUSTAR MILL GROUP, INC.
				
		 		 	By:	 	/s/ Ronald J. Domanico
		 		 		 		 	Ronald J. Domanico, Vice President
		 		 	
			
		 		 	SPRAGUE PAPERBOARD, INC.
				
		 		 	By:	 	/s/ Ronald J. Domanico
		 		 		 		 	Ronald J. Domanico, Vice President

 [Signatures continued on following page] 

 GUARANTORS: 
  

			
	PBL INC.
		
	By:	 	/s/ Ronald J. Domanico
		 	Ronald J. Domanico, Vice President

  

			
	GYPSUM MGC, INC.
		
	By:	 	/s/ Ronald J. Domanico
		 	Ronald J. Domanico, Vice President

  

			
	McQUEENEY GYPSUM COMPANY
		
	By:	 	/s/ Ronald J. Domanico
		 	Ronald J. Domanico, Vice President

  

					
	CARAUSTAR, G.P.
		
	By:	 	 CARAUSTAR INDUSTRIES, INC.,
 General Partner

			
		 	By:	 	/s/ Ronald J. Domanico
		 		 	Ronald J. Domanico, Senior Vice President
		
	By:	 	 CARAUSTAR INDUSTRIAL AND
 CONSUMER PRODUCTS
GROUP, INC.,
 General Partner

			
		 	By:	 	/s/ Ronald J. Domanico
		 		 	Ronald J. Domanico, Vice President

  

					
	McQUEENY GYPSUM COMPANY, LLC
		
	By:	 	 McQUEENEY GYPSUM COMPANY,
 Sole
Member

			
		 	By:	 	/s/ Ronald J. Domanico
		 		 	Ronald J. Domanico, Vice President

  

					
	RECCMG, LLC
		
	By:	 	 CARAUSTAR MILL GROUP, INC.,
 Sole
Member

			
		 	By:	 	/s/ Ronald J. Domanico
		 		 	Ronald J. Domanico, Vice President

					
	FEDERAL TRANSPORT, INC.
		
	By:	 	/s/ Ronald J. Domanico
		 	Ronald J. Domanico, Vice President
	
	 AUSTELL HOLDING COMPANY, LLC

		
	By:	 	 CARAUSTAR INDUSTRIES, INC.,
 Sole Member

			
		 	By:	 	/s/ Ronald J. Domanico
		 		 	Ronald J. Domanico, Senior Vice President

  

					
	 CAMDEN PAPERBOARD CORPORATION

		
	By:	 	/s/ Ronald J. Domanico
		 	Ronald J. Domanico, Vice President

  

					
	 CHICAGO PAPERBOARD CORPORATION

		
	By:	 	/s/ Ronald J. Domanico
		 	Ronald J. Domanico, Vice President

  

					
	 HALIFAX PAPER BOARD COMPANY, INC.

		
	By:	 	/s/ Ronald J. Domanico
		 	Ronald J. Domanico, Vice President

  

					
	 CARAUSTAR CUSTOM PACKAGING GROUP
 (MARYLAND), INC.

		
	By:	 	/s/ Ronald J. Domanico
		 	Ronald J. Domanico, Vice President

  

					
	 PARAGON PLASTICS, INC.

		
	By:	 	/s/ Ronald J. Domanico
		 	Ronald J. Domanico, Vice President

 [Signatures continued on following page] 

							
	LENDERS:	 		 	BANK OF AMERICA, N.A.
				
		 		 	By:	 	/s/ Walter T. Shellman
		 		 		 	Walter T. Shellman, Senior Vice President
		 		 		 	
			
		 		 	WELLS FARGO FOOTHILL, LLC
				
		 		 	By:	 	/s/ Krista Wade
		 		 	Name:	 	Krista Wade
		 		 	Title:	 	Assistant Vice President
			
		 		 	GENERAL ELECTRIC CAPITAL CORPORATION
				
		 		 	By:	 	/s/ Joseph D. Catalano
		 		 	Name:	 	Joseph D. Catalano
		 		 	Title:	 	Duly Authorized Signatory
			
		 		 	JPMORGAN CHASE BANK, N.A.
				
		 		 	By:	 	/s/ Thomas M. Vertin
		 		 	Name:	 	Thomas M. Vertin
		 		 	Title:	 	Senior Vice PresidentThird Amendment to the Second Amended and Restated Loan and Security Agreement

 EXHIBIT 10.01 
  

			
	 THIRD AMENDMENT TO
 SECOND AMENDED AND
RESTATED
 LOAN AND SECURITY AGREEMENT
	  	WELLS FARGO RETAIL FINANCE II, LLC

  
 May 15, 2009 
 THIS THIRD AMENDMENT TO SECOND AMENDED AND RESTATED LOAN
AND SECURITY AGREEMENT (this “Third Amendment”) is made in consideration of the mutual covenants contained herein and benefits to be derived herefrom to the Second Amended and Restated Loan and Security Agreement dated May 17,
2006 (as amended and in effect, the “Loan Agreement”) among dELiA*s, Inc., a Delaware corporation with its principal executive offices at 50 West 23rd Street, New York, New York 10010, for itself and as agent (in such capacity, the “Lead Borrower”) for the other Borrowers party thereto (individually, a “Borrower” and, collectively
with the Lead Borrower, the “Borrowers”), and the Borrowers, on the one hand, and Wells Fargo Retail Finance II, LLC, a Delaware limited liability company with offices at One Boston Place - 19th Floor, Boston, Massachusetts 02108
(the “Lender”), on the other hand. 
 Background: 
 The Borrowers and the Lender desire to amend and modify certain terms and provisions of the Loan Agreement. 
 NOW THEREFORE, in consideration of the mutual promises and agreements herein contained, the parties hereto hereby agree that subject to the satisfaction
of the conditions precedent set forth in Section 3 hereof, the Loan Agreement is hereby amended as follows: 
  

	1.	Incorporation of Terms and Conditions of Loan Agreement. All of the terms and conditions of the Loan Agreement (including, without limitation, all definitions set forth
therein) are specifically incorporated herein by reference. All capitalized terms not otherwise defined herein shall have the same meaning as in the Loan Agreement. 

  

	2.	Representations and Warranties. Each of the Borrowers hereby represents and warrants that (i) there is no Default or Event of Default under the Loan Agreement or under
any other Loan Document, and (ii) except with respect to those representations and warranties which relate solely to an earlier date, all representations and warranties contained in the Loan Agreement and the other Loan Documents are true and
correct as of the date hereof. 

  

	3.	Conditions Precedent. It shall be a condition to the effectiveness of this Third Amendment that the following shall be satisfied to the satisfaction of the Lender:

  

	 	a.	The Lender shall have received counterparts of this Third Amendment duly executed by each of the parties hereto; 

  

	 	b.	All action on the part of the Borrowers necessary for the valid execution, delivery and performance by the Borrowers of this Third Amendment and all other documentation,
instruments, and agreements to be executed in connection herewith shall have been duly and effectively taken and evidence thereof satisfactory to the Lender shall have been provided to the Lender; 

	 	c.	After giving effect to this Third Amendment, the representations and warranties in the Loan Agreement and the other Loan Documents shall be true and correct in all material respects
on and as of the date hereof as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date); 

  

	 	d.	After giving effect to this Third Amendment, no Default or Event of Default shall have occurred and be continuing on the date hereof, nor shall result from the consummation of the
transaction contemplated herein; 

  

	 	e.	The Borrowers shall have paid all fees due to the Lender. The Borrowers shall have paid to the Lender all costs and expenses of the Lender, including, without limitation, reasonable
attorneys’ fees, in connection with the preparation, negotiation, execution and delivery of this Third Amendment. 

  

	 	f.	The Lender shall have received such other documents and instruments as reasonably requested by the Lender. 

  

	4.	Amendment to Article 1 of the Loan Agreement. The definition of “Maturity Date” contained in Article 1 of the Loan Agreement is hereby deleted in its entirety, and
the following is inserted in its place: 

 “Maturity Date”: June 2, 2009. 
  

	5.	No Further Modification. Except as expressly modified in the manner set forth above, the Loan Agreement and the other Loan Documents shall remain unmodified and in full force
and effect. 

  

	6.	No Claims; Waiver. Each of the Borrowers acknowledges, confirms and agrees that, as of the date hereof, such Borrower has no knowledge of any offsets, defenses, claims or
counterclaims against the Lender with respect to, under or relating to the Revolving Credit Loans, the Loan Documents, or the transactions contemplated therein, and, to the extent that such Borrower has or has ever had any such offsets, defenses,
claims or counterclaims arising on or before the date hereof, such Borrower hereby specifically WAIVES and RELEASES any and all rights to such offsets, defenses, claims or counterclaims. 

  

	7.	Binding Agreement. The terms and provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their heirs, representatives, successors and
assigns. 

  

	8.	Multiple Counterparts. This Third Amendment may be executed in multiple counterparts, each of which shall constitute an original and together which shall constitute but one
and the same instrument. 

  

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	9.	Governing Law; Sealed Instrument. This Third Amendment shall be construed, governed, and enforced pursuant to the law of The Commonwealth of Massachusetts, and shall take
effect as a sealed instrument. 

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 IN WITNESS WHEREOF, this Third Amendment has been duly executed and delivered by each of the parties
hereto as of the date first above written. 
  

			
	 BORROWERS:

	
	 dELiA*s, INC.
 ALLOY MERCHANDISE,
LLC
 dELiA*s ASSETS CORP.
 SKATE DIRECT, LLC

 dELiA*s GROUP INC.
 dELiA*s OPERATING COMPANY

 dELiA*s RETAIL COMPANY

	DACCS, INC.
		
	By:	 	 /s/    David J. Dick

	Name:	 	David J. Dick
	Title:	 	Chief Financial Officer and Treasurer
	
	LENDER:
	
	WELLS FARGO RETAIL FINANCE II, LLC
		
	By:	 	 /s/    Michele L. Ayou

	Name:	 	 Michele L. Ayou

	Title:	 	 Vice President

  

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