Document:

Unassociated Document

    EXHIBIT
      10.4

    
 

    AMENDMENT
      NO. 1

    TO

    CREDIT
      AGREEMENT

     

    THIS
      AMENDMENT NO. 1 TO CREDIT AGREEMENT (this “Amendment”)
      dated
      as of May 1, 2007, is entered into among GSC INVESTMENT FUNDING LLC, as the
      Borrower, DEUTSCHE BANK AG, NEW YORK BRANCH (“Deutsche
      Bank”),
      as
      Committed Lender (the “Committed
      Lender”),
      Deutsche Bank as Managing Agent (in such capacity, the “Managing
      Agent”)
      and
      Deutsche Bank as Administrative Agent (in such capacity, the “Administrative
      Agent”).
      Capitalized terms used herein without definition shall have the meanings
      ascribed thereto in the “Credit Agreement” referred to below.

     

    PRELIMINARY
      STATEMENTS

     

    A. Reference
      is made to that certain Credit Agreement dated as of April 11, 2007 among the
      Borrower, GSCP
      (NJ),
      L.P., as the Servicer, GSC Investment Corp., as the Performance Guarantor,
      the
      CP
      Lenders, the Committed Lenders, the Managing Agents and the Administrative
      Agent
      (as amended, modified or supplemented from time to time, the “Credit
      Agreement”).

     

    B. The
      parties hereto have agreed to amend certain provisions of the Credit Agreement
      upon the terms and conditions set forth herein.

     

    SECTION
      1.
  Amendment.
      Subject
      to the satisfaction of the conditions set forth in Section
      3
      hereof,
      the parties hereto hereby agree:

     

    (i)  to
      amend
Section
      8.1
      to delete
clauses
      (f)
      and
(i)
      in their
      entirety and substitute the following therefor:

     

    (f) (i)
      a
      final non-appealable judgment for the payment of money shall have been rendered
      in an amount in excess of (A) $5,000,000 against the Originator or any of its
      material subsidiaries (which, for avoidance of doubt, shall include any special
      purpose entity subsidiary created to facilitate a structured finance
      transaction) or (B) $100,000 against the Borrower by a court of competent
      jurisdiction and, if such judgment relates to the Originator or any of its
      material subsidiaries, such judgment, decree or order shall continue unsatisfied
      and in effect for any period of thirty (30) consecutive days without a stay
      of
      execution, or (ii) the Originator, the Originator’s material subsidiaries or the
      Borrower, as the case may be, shall have made payments of amounts in excess
      of
      $5,000,000 or $50,000, respectively, in settlement of any litigation;
      or

     

    
      (i) the
        Borrower, the Originator or any of the Originator’s material subsidiaries
        (which, for avoidance of doubt, shall include any special purpose entity
        subsidiary 

       

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    created
      to
      facilitate a structured finance transaction) defaults under any material
      agreement for borrowed money to which either is a party and which, in the case
      of the Originator and its material subsidiaries only, shall evidence
      Indebtedness in excess of $5,000,000, and such default is not cured within
      the
      relevant cure period (other than, in the case of the Originator and its material
      subsidiaries, a default occurring under Section 8.1(m) or (n) of that certain
      Credit Agreement dated as of May 1, 2007 by and among, inter
      alia,
      GSC
      Investment Funding II, the commercial paper conduits and financial institutions
      from time to time party thereto as lenders, and Deutsche Bank AG, New York
      Branch as Administrative Agent), or any such recourse debt or other obligation
      shall be declared to be due and payable or required to be prepaid (other than
      by
      scheduled payment) prior to its maturity; or

     

    SECTION
      2.
  Representations
      and Warranties.
      The
      Borrower hereby represents and warrants to each of the other parties hereto,
      that:

     

    (a)  this
      Amendment constitutes its legal, valid and binding obligation, enforceable
      against it in accordance with its terms; and

     

    (b)  on
      the
      date hereof, before and after giving effect to this Amendment, other than as
      amended or waived pursuant to this Amendment, no Default or Event of Default
      has
      occurred and is continuing.

     

    SECTION
      3.
  Conditions.
      This
      Amendment shall become effective on the first Business Day (the “Effective
      Date”)
      on
      which the Administrative Agent or its counsel has received counterpart signature
      pages of this Amendment, executed by each of the parties hereto.

     

    SECTION
      4.
  Reference
      to and Effect on the Transaction Documents.

     

    (a)  Upon
      the
      effectiveness of this Amendment, (i) each reference in the Credit Agreement
      to
“this Credit Agreement”, “this Agreement”, “hereunder”, “hereof”, “herein” or
      words of like import shall mean and be a reference to the Credit Agreement
      as
      amended or otherwise modified hereby, and (ii) each reference to the Credit
      Agreement in any other Transaction Document or any other document, instrument
      or
      agreement executed and/or delivered in connection therewith, shall mean and
      be a
      reference to the Credit Agreement as amended or otherwise modified
      hereby.

     

    (b)  Except
      as
      specifically amended, terminated or otherwise modified above, the terms and
      conditions of the Credit Agreement, of all other Transaction Documents and
      any
      other documents, instruments and agreements executed and/or delivered in
      connection therewith, shall remain in full force and effect and are hereby
      ratified and confirmed.

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

     

    (c)  The
      execution, delivery and effectiveness of this Amendment shall not operate as
      a
      waiver of any right, power or remedy of the Administrative Agent, any Managing
      Agent or any Lender under the Credit Agreement or any other Transaction Document
      or any other document, instrument or agreement executed in connection therewith,
      nor constitute a waiver of any provision contained therein, in each case except
      as specifically set forth herein.

     

    SECTION
      5.
  Execution
      in Counterparts.
      This
      Amendment may be executed in any number of counterparts and by different parties
      hereto in separate counterparts, each of which when so executed and delivered
      shall be deemed to be an original and all of which taken together shall
      constitute but one and the same instrument. Delivery of an executed counterpart
      of a signature page to this Amendment by telecopier shall be effective as
      delivery of a manually executed counterpart of this Amendment.

     

    SECTION
      6.
  Governing
      Law.
      This
      Amendment shall be governed by and construed in accordance with the laws of
      the
      State of New York.

     

    SECTION
      7.
  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.

     

    SECTION
      8.
  Fees
      and Expenses.
      Borrower
      hereby confirms its agreement to pay on demand all reasonable costs and expenses
      of the Administrative Agent, Managing Agents or Lenders in connection with
      the
      preparation, execution and delivery of this Amendment and any of the other
      instruments, documents and agreements to be executed and/or delivered in
      connection herewith, including, without limitation, the reasonable fees and
      out-of-pocket expenses of counsel to the Administrative Agent, Managing Agents
      or Lenders with respect thereto.

     

    [Remainder
      of Page Deliberately Left Blank]

     

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

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

     

    
      
        	 	GSC
                INVESTMENT FUNDING LLC
	 	 	 	 
	 	By:	/s/
                Thomas V. Inglesby
	 	 	
                

              
	 	 	Name:
                	Thomas
                V. Inglesby
	 	 	Title:
                	President

      

    

     

    Signature
      Page to Amendment No. 1

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	 	
              DEUTSCHE
                BANK AG, NEW YORK 
   BRANCH, as a Committed Lender,
                
   Managing Agent and Administrative 
  
                Agent

            
	 	 	 	 
	 	By:	/s/
              Daniel Pietrzak
	 	 	
              

            
	 	 	Name: 	Daniel Pietrzak
	 	 	Title: 	Director
	 	 	 	 
	 	By:	/s/
              Peter Chuang
	 	 	
              

            
	 	 	Name: 	Peter Chuang
	 	 	Title:	Vice
              President

    

     

    Signature
      Page to Amendment No. 1

     

     

    
      
        
        

      

      
        
          

        

      

      
        
        

      

    

    The
      undersigned acknowledges its receipt of a copy of Amendment No. 1 to Credit
      Agreement as of the date hereof. The undersigned (i) reaffirms all of its
      obligations under Section 12.14 of the Credit Agreement and (ii) acknowledges
      and agrees that the performance undertaking thereunder remains in full force
      and
      effect (including, without limitation, after giving effect to the amendment
      of
      the Credit Agreement as of the date hereof).

     

    
      	
            	GSC INVESTMENT CORP.
	 	 	 	 
	 	By:	/s/
              Thomas V. Inglesby
	 	 	
              

            
	 	 	Name: 	Thomas
              V. Inglesby
	 	 	Title: 	Chief
              Executive Officer

       

    

     

    Signature
      Page to Amendment No. 1Unassociated Document

     

    FIRST
      SUPPLEMENTAL INDENTURE

     

    FIRST
      SUPPLEMENTAL INDENTURE (this “Supplemental
      Indenture”),
      entered into as of May 2, 2007, among Advanstar Communications Inc., a New
      York
      corporation (the “Company”),
      the
      guarantors party hereto (the “Guarantors”)
      and
      Wells Fargo Bank, N.A. (successor by merger to Wells
      Fargo
      Bank Minnesota, N.A.), as trustee (the “Trustee”).

     

     

    RECITALS

     

    WHEREAS,
      the Company, the Guarantors party thereto and the Trustee entered into the
      Indenture, dated as of February 21, 2001 (the “Indenture”),
      relating to the Company’s 12.0% Senior Subordinated Notes due 2011 (the
“Notes”);

     

    WHEREAS,
      the Company and the Guarantors propose certain amendments to the Indenture
      (the
“Proposed
      Amendments”),
      which
      Proposed Amendments must be approved with the written consent of the holders
      (the “Holders”)
      of a
      majority of the outstanding aggregate principal amount of the Notes;

     

    WHEREAS,
      the Company has made an offer to purchase the Notes and solicited the consents
      of the Holders of the Notes to the Amendments pursuant to the Offer to Purchase
      and Consent Solicitation Statement dated April 19, 2007 (the “Tender
      Offer and Consent Solicitation”),
      each
      upon the terms and subject to the conditions set forth therein;

     

    WHEREAS,
      pursuant to the Tender Offer and Consent Solicitation, Company has received
      valid consents of the Holders of at least a majority in outstanding aggregate
      principal amount of the Notes consenting to the substance of the Proposed
      Amendments set forth in this Supplemental Indenture;

     

    WHEREAS,
      all conditions and requirements necessary to make this Supplemental Indenture
      a
      valid, binding, and legal instrument in accordance with the terms of the
      Indenture have been performed and fulfilled and the execution and delivery
      hereof have been in all respects duly authorized; and

     

    WHEREAS,
      pursuant to Section 9.6 of the Indenture, the Trustee is authorized to execute
      and deliver this Supplemental Indenture.

     

    NOW,
      THEREFORE, in consideration of the premises herein contained and for other
      good
      and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, it is mutually covenanted and agreed as follows:

     

    Section
      1.
Defined
      Terms.
      Capitalized terms used herein and not otherwise defined herein are used as
      defined in the Indenture.

     

    Section
      2.
      Proposed Amendments to Indenture.
      Effective
      as of the Amendment Effective Date for the Proposed Amendments (as defined
      below):

     

    (a)     
      The
      following Sections of the Indenture shall be deleted in their entirety and
      replaced with the phrase “Intentionally Omitted”:

     

    
      	
              Existing
                Section Number

            	
              Caption

            
	 	 
	
              Section
                3.2 in its entirety

            	
              SEC
                Reports and Available Information

            
	 	 
	
              Section
                3.3 in its entirety

            	
              Limitation
                on Indebtedness

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
              Existing
                Section Number

            	
              Caption

            
	 	 
	
              Section
                3.4 in its entirety

            	
              Limitation
                on Layering

            
	 	 
	
              Section
                3.5 in its entirety 

            	
              Limitation
                on Restricted Payments

            
	 	 
	
              Section
                3.6 in its entirety 

            	
              Limitation
                on Restrictions on Distributions from Restricted
                Subsidiaries

            
	 	 
	
              Section
                3.7 in its entirety 

            	
              Limitation
                on Sales of Assets and Subsidiary Stock

            
	 	 
	
              Section
                3.8 in its entirety 

            	
              Limitation
                on Affiliate Transactions

            
	 	 
	
              Section
                3.10 in its entirety 

            	
              Limitation
                on Dispositions of Capital Stock of Restricted
                Subsidiaries

            
	 	 
	
              Section
                3.11 in its entirety 

            	
              Limitation
                on Liens

            
	 	 
	
              Section
                3.12 in its entirety

            	
              Future
                Guarantors

            
	 	 
	
              Section
                3.13 in its entirety

            	
              Limitation
                on Lines of Business

            
	 	 
	
              Section
                3.14 in its entirety

            	
              Limitation
                on Asset Swaps

            
	 	 
	
              Section
                3.16 in its entirety

            	
              Corporate
                Existence

            
	 	 
	
              Section
                3.17 in its entirety

            	
              Payment
                of Taxes and Other Claims

            
	 	 
	
              Section
                3.18 in its entirety

            	
              Compliance
                Certificate

            
	 	 
	
              Section
                3.19 in its entirety

            	
              Further
                Instruments and Acts

            

    

     

    (b)     
      Section
      4.1 of the Indenture captioned “Merger and Consolidation” is hereby amended by
      deleting each of clause (ii), clause (iii) and the last paragraph of Section
      4.1. 

     

    (c)     
      Section
      6.1 of the Indenture captioned “Events of Default” is hereby amended by deleting
      each of clauses (4), (5), (6), (7), (9) and (10) and replacing them with the
      phrase “Intentionally Omitted”.

     

    (d)     
      Section
      8.2 of the Indenture captioned “Conditions Defeasance” is hereby amended by
      deleting each of clauses (4), (5), (6), (7) and (9) and replacing them with
      the
      phrase “Intentionally Omitted”.

     

    (e)     
      Any
      definitions used exclusively in the provisions of the Indenture which no longer
      apply to the Notes pursuant to Paragraphs (a) through (d) of this Section 2
      are
      hereby deleted in their entirety from the Notes and in the Indenture shall
      no
      longer apply with respect to the Notes and all references to paragraphs,
      sections, articles or other terms or provisions of the Indenture which no longer
      apply to the Notes pursuant to Paragraphs (a) through (d) of this Section 2
      above are hereby deleted in their entirety in the Notes and in the Indenture
      shall no longer apply to the Notes.

     

    Section
      3.
Indenture
      Ratified. Except
      as
      hereby otherwise expressly provided, the Indenture is in all respects ratified
      and confirmed, and all the terms, provisions and conditions thereof shall be
      and
      remain in full force and effect.

     

    Section
      4.
      Counterparts. This
      Supplemental Indenture may be signed in various counterparts which together
      will
      constitute one and the same instrument.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    Section
      5.
      Supplemental Indenture Is a Supplement To Indenture. This
      Supplemental Indenture is an amendment supplemental to the Indenture and this
      Supplemental Indenture will henceforth be read together.

     

    Section
      6.
      Governing Law. This
      Supplemental Indenture shall be governed by and construed in accordance with
      the
      laws of the State of New York.

     

    Section
      7.
      References to Supplemental Indenture. Any
      and
      all notices, requests, certificates and other instruments executed and delivered
      after the execution and delivery of this Supplemental Indenture may refer to
      the
      Indenture without making specific reference to this Supplemental Indenture,
      but
      nevertheless all such references to the Indenture shall include this
      Supplemental Indenture unless the context otherwise requires.

     

    Section
      8.
      Effect of this Supplemental Indenture. From
      and
      after the Amendment Effective Date, the Indenture shall be deemed to be modified
      as herein provided but except as modified hereby, the Indenture shall continue
      in full force and effect. The Indenture as modified hereby shall be read taken
      and construed as one and the same instrument.

     

    Section
      9.
      Severability. In
      the
      event that any provisions of this Supplemental Indenture shall be invalid,
      illegal or unenforceable, the validity, legality and enforceability of the
      remaining provisions shall not in any way be affected or impaired
      thereby.

     

    Section
      10.
      Trust Indenture Act. If
      any
      provisions hereof limit, qualify or conflict with any provisions of the Trust
      Indenture Act of 1939 required under the Trust Indenture Act of 1939 to be
      a
      part of and govern this Supplemental Indenture, the provisions of the Trust
      Indenture Act of 1939 shall control. If any provision hereof modifies or
      excludes any provision of the Trust Indenture Act of 1939 that pursuant to
      the
      Trust Indenture Act of 1939 may be so modified or excluded, the provisions
      of
      the Trust Indenture Act of 1939 as modified or excluded hereby shall
      apply.

     

    Section
      11.
      Trustee Makes No Representation. The
      Trustee makes no representation as to the validity or adequacy of this
      Supplemental Indenture or the recitals contained herein.

     

    Section
      12.
      Effect of Headings. The
      section headings herein are for convenience only and shall not affect the
      construction thereof.

     

    Section
      13.
      Effectiveness. This
      Supplemental Indenture shall become effective upon execution by the Company,
      the
      Guarantors and the Trustee. As used herein, the “Amendment
      Effective Date”
shall
      mean with respect to Proposed Amendments, the date that the Company delivers
      written notice to the Trustee that consents have been received from Holders
      of
      at least a majority of the then outstanding aggregate principal amount of Notes
      and the related Notes have been accepted for purchase in the Tender Offer and
      Consent Solicitation.

     

    [Signature
      Page Follows]

     

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

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

     

    
      	
            	
              ADVANSTAR
                COMMUNICATIONS INC.

            
	 	 	 	 	 
	 	 	 	 	 
	 	
              By:

            	
              /s/
                Theodore S. Alpert

            	 
	 	
               

            	Name:	
              Theodore
                S. Alpert

            	 
	 	
               

            	Title:	Vice President - Finance
              and Chief
              Financial Officer	 

      
         

      

    

    
      
        	 	
                CME2,
                  INC.,as
                  Guarantor

              
	 	 	 	 	 
	 	 	 	 	 
	 	
                By:

              	
                /s/
                  Theodore S. Alpert

              	 
	 	
                 

              	Name:	
                Theodore
                  S. Alpert

              	 
	 	
                 

              	Title:	Vice President - Finance
                and Chief
                Financial Officer	 

      

      
         

        
          	
                	
                  PROJECT
                    GLOBAL TRADESHOW, INC.,as

                       
                    Guarantor

                
	 	 	 	 	 
	 	 	 	 	 
	 	
                  By:

                	
                  /s/
                    Theodore S. Alpert

                	 
	 	
                   

                	Name:	
                  Theodore
                    S. Alpert

                	 
	 	
                   

                	Title:	Vice President - Finance
                  and Chief
                  Financial Officer	 

          
 

        

        
          	 	
                  MEN’S
                    APPAREL GUILD IN CALIFORNIA,

                       
                    INC.,
                    as
                    Guarantor

                
	 	 	 	 	 
	 	 	 	 	 
	 	
                  By:

                	/s/
                  Theodore S. Alpert	 
	 	
                   

                	Name:	Theodore S. Alpert	 
	 	
                   

                	Title:	Vice President - Finance
                  and Chief
                  Financial Officer	 

        

        
           

           

          
            	
                  	
                    APPLIED
                      BUSINESS

                          
                      TELECOMMUNICATIONS,
                      as Guarantor

                  
	 	 	 	 	 
	 	 	 	 	 
	 	
                    By:

                  	/s/
                    Theodore S. Alpert	 
	 	
                     

                  	Name:	Theodore S. Alpert	 
	 	
                     

                  	Title:	Vice President -
                    Finance and Chief
                    Financial Officer	 

            
 

          

          
            	 	
                    WELLS
                      FARGO BANK, N.A.,
                      as
                      Trustee

                  
	 	 	 	 	 
	 	 	 	 	 
	 	
                    By:

                  	/s/
                    Lynn M. Steiner	 
	 	
                     

                  	Name:	Lynn M. Steiner	 
	 	
                     

                  	Title:	Vice President

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