Document:

exv10w63wa

Exhibit 10.63(a)

	 	 	 

	When recorded return to:

	 	(19 Aviation Drive Houlton,
	Faith Kaliski, Esq.

	 	Southern Aroostook County, ME)
	Edwards Angell Palmer & Dodge LLP
	 	 
	111 Huntington Avenue
	 	 
	Boston, MA 02199
	 	 
	(617) 951-2263
	 	 

AMENDMENT NO. 1 TO

OPEN-END MORTGAGE DEED, SECURITY AGREEMENT,

ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FILING

     THIS AMENDMENT NO. 1 TO OPEN-END MORTGAGE DEED, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND
RENTS AND FIXTURE FILING (this “Amendment”) dated as of December 7, 2010 is made by

     SMITH & WESSON CORP., a Delaware corporation with its principal place of business at 2100
Roosevelt Avenue, Springfield, Massachusetts 01102 (the “Mortgagor”) to

     TD BANK, N.A., a national banking association with an office at 1441 Main Street, Springfield,
Massachusetts 01103, in its capacity as administrative agent for itself, the Lenders (as defined
below) and the other Secured Parties (as defined in the Credit Agreement defined below) (in such
capacity, together with its successors and assigns, the “Administrative Agent”).

RECITALS:

     A. Reference is made to a certain Open-End Mortgage Deed, Security Agreement, Assignment of
Leases and Rents and Fixture Filing dated as of November 30, 2007 granted by the Mortgagor to
TORONTO DOMINION (TEXAS) LLC, a Delaware limited liability company, as administrative agent (in
such capacity, the “Predecessor Administrative Agent”), and recorded with the Registry of
Deeds for Southern Aroostook County, Massachusetts (“Aroostook Deeds”) on December 5, 2007
in Book 4525, Page 4; and

     B. The above-referenced document was assigned by the Predecessor Administrative Agent to, and
accepted by, the Administrative Agent, pursuant to a certain Assignment and Acceptance of Open-End
Mortgage Deed, Security Agreement, Assignment of Leases and Rents and Fixture Filing
dated as of October 31, 2008, recorded with Aroostook Deeds on November 14, 2008 in Book 4647,
Page 48 (the

 

 

above-referenced document, as so assigned and accepted, and as amended from time to
time prior to the date hereof, the “Existing Mortgage”); and

     C. The Existing Mortgage secures, among other obligations, a certain Credit Agreement dated as
of November 30, 2007 by and among the Mortgagor, the other parties named as borrowers thereunder
(the Mortgagor and such other parties, being collectively and jointly and severally, referred to
herein as the “Existing Borrowers”), the parties named as lenders thereunder from time to
time (the “Lenders”), and the Administrative Agent, successor in such capacity to the
Predecessor Administrative Agent (such Credit Agreement, as so assigned and accepted, and as
amended from time to time prior to the date hereof, being referred to herein as the “Existing
Credit Agreement”); and

     D. The Mortgagor and the other Existing Borrowers have requested (a) that the Existing Credit
Agreement be amended in certain respects to, inter alia, (i) permit an aggregate outstanding
principal exposure thereunder of up to $120,000,000.00, and (ii) permit certain Loans thereunder to
be borrowed, repaid and re-borrowed, (b) that certain guarantors of the Obligations of the Existing
Borrowers, and other affiliates of the Mortgagor and other Existing Borrowers, be permitted to
borrow loans and otherwise benefit directly from the credit facilities provided by the
Administrative Agent and the Lenders; (c) that certain other modifications be made to the Existing
Credit Agreement, and (d) that for the sake of clarity, the Existing Credit Agreement be restated,
as so amended; and

     E. The Lenders and the Administrative Agent have agreed to amend and restate the Existing
Credit Agreement, pursuant to an Amended and Restated Credit Agreement dated on or about the date
hereof among the Mortgagor, the other Existing Borrowers and the other parties from time to time
joined as borrowers thereunder (the Mortgagor, the other Existing Borrowers and such other parties,
being collectively, jointly and severally, referred to herein as the “Borrowers”), the
Lenders and the Administrative Agent (the Existing Credit Agreement, as so amended and restated,
and as may be further amended, restated, assigned, increased, supplemented and/or otherwise
modified from time to time being referred to herein as the “Amended and Restated Credit
Agreement”); and

     F. It is the intent of the parties that the Amended and Restated Credit Agreement not
constitute a novation of the obligations existing under the Existing Credit Agreement and the other
Loan Documents or evidence any repayment of any such obligations and liabilities, but rather that
the Amended and Restated Credit Agreement amend and restate in its entirety the Existing Credit
Agreement and re-evidence the obligations of the Existing Borrowers outstanding thereunder, as well
as evidence the obligations of the Borrowers to the Lenders, the LC Issuer and the Administrative
Agent under the Amended and Restated Credit Agreement; and

     G. The Existing Mortgage provides that it was given to secure, not only the obligations of the
Mortgagor under the Existing Credit Agreement and other obligations that existed as of the date of
execution of the Mortgage, but also, inter alia, amendments and restatements of the Existing Credit
Agreement and other and future obligations; and

     H. The parties desire to enter into this Amendment for the purposes of evidencing their
agreement and understanding that the Existing Mortgage, as amended by this Amendment, is intended
to secure and benefit, among other obligations, all indebtedness, obligations and liabilities of
the Mortgagor and the other Borrowers under the Existing Credit Agreement, as amended and restated
pursuant to the Amended and Restated Credit Agreement, including any and all promissory notes which
may be executed from time to time to evidence any of such indebtedness;

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AMENDMENT

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:

       1.    Incorporation of Recitals. The defined terms set forth in the Recitals to this
Amendment are hereby added to the Existing Mortgage with the respective meanings set forth in the
Recitals. The definitions of any of such terms that are already set forth in the Existing Mortgage
are replaced by the definitions herein.

	 	2.	 	Amendments to the Existing Mortgage.
	 
	 	2.1	 	All references in the Existing Mortgage to the “Mortgage”, “hereunder”,
“hereof”, “herein”, or similar terms, shall, except where the context may otherwise
require, mean and refer to the Mortgage as amended by this Amendment, and as may be
further amended, restated, assigned, increased, supplemented and/or otherwise modified
from time to time. Capitalized terms used herein and not defined or redefined herein
have the meanings assigned to them in the Mortgage.
	 
	 	2.2.	 	All references to the “Credit Agreement” in the Existing Mortgage shall be
deemed to be references to the Existing Credit Agreement, as amended and restated by
the Amended and Restated Credit Agreement, and as may be further amended, restated,
assigned, increased, supplemented and/or otherwise modified from time to time.
	 
	 	2.3	 	All references in the Existing Mortgage to the “Security Agreement” shall have
the meaning set forth in the Credit Agreement, as defined in this Amendment.
	 
	 	2.4	 	The third and fourth paragraphs of the Recitals in the Existing Mortgage (which
define the “Holdings/S&W Corp. Guaranty” and the “Operating Companies Guaranty”) are
hereby deleted.
	 
	 	2.5	 	The fifth paragraph of the Recitals in the Existing Mortgage (which defines the
“Secured Obligations”) is hereby deleted and the following is hereby substituted
therefor:

     “WHEREAS, this Mortgage secures to the Administrative Agent, for the
benefit of the Administrative Agent, the Lenders and the other Secured
Parties (all of the following, collectively, the “Secured
Obligations”): (a) the due and punctual payment and performance of all
indebtedness, obligations and liabilities, now or hereafter existing, of the
Mortgagor and the other Borrowers arising under, out of or in connection
with (x) the Credit Agreement in the aggregate original principal amount of
$120,000,000.00, comprised of (i) Loans in the maximum principal amount of
$115,000,000.00, and any and all promissory notes issued by one or more of
the Borrowers to the order of one or more of the Lenders in evidence
thereof, including, without limitation, those certain promissory notes dated
as of December 7, 2010 in the aggregate original principal amount of
$115,000,000.00 issued by one or more of the Borrowers to the order of one
or more of the Lenders (which replace in the entirety but do not evidence a
novation or satisfaction of those certain promissory notes in the
aggregate original principal amount of $123,303,400.23) and any and all
other promissory notes issued pursuant to the Credit Agreement, as the same
may be

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amended, extended, restated, substituted or otherwise modified from
time to time (the “Notes”), and (ii) the LC Exposure in the maximum
principal amount of $5,000,000.00, and (y) the other Loan Documents,
including, without limitation, all advances and readvances of principal and
future advances made pursuant to the Credit Agreement and the other Loan
Documents, and all other Obligations; (b) the due and punctual payment and
performance of all indebtedness, obligations and liabilities, now or
hereafter existing, of the Mortgagor and the other Borrowers arising under,
out of or in connection with any and all Swap Agreements, including, without
limitation, all Swap Obligations; (c) the due and punctual payment and
performance of all indebtedness, obligations and liabilities, now or
hereafter existing, of the Mortgagor and the other Borrowers arising under,
out of or in connection with any and all cash management services,
including, without limitation, all Cash Management Services Obligations; (d)
the due and punctual payment and performance of all indebtedness,
obligations and liabilities, now or hereafter existing, of the Mortgagor and
the other Borrowers arising under, out of or in connection with any and all
foreign exchange contracts, including, without limitation, all Foreign
Exchange Obligations; (e) the due and punctual payment of all other sums,
with interest thereon, advanced in accordance herewith to protect the
security of this Mortgage; (f) the performance of the covenants and
agreements of the Mortgagor and the other Borrowers contained in this
Mortgage, the Credit Agreement, the Security Agreement, the other Loan
Documents, and any other agreements, documents or instruments now or
hereafter evidencing the Secured Obligations , as applicable; and (g) each
amendment, restatement, renewal, extension, consolidation, increase or
refinancing of any of the foregoing, in whole or in part; and”.

	 	2.6	 	The text of Section 1.4 of the Existing Mortgage (entitled “Pledge of Monies
Held”) is hereby deleted in its entirety and the following is hereby substituted
therefor:

     “Section 1.4 Pledge of Monies Held. The Mortgagor hereby
assigns to the Administrative Agent all insurance proceeds paid in
connection with the Property and all condemnation awards and payments
described in Section 3.4, as additional security for the Secured
Obligations; provided that the Mortgagor will be entitled to receive and use
such insurance proceeds and condemnation awards in its good-faith discretion
unless either (i) an Event of Default has occurred hereunder or (ii) the
Credit Agreement provides otherwise, in either of which cases such insurance
proceeds and condemnation awards shall be paid in accordance with the Credit
Agreement.”

	 	2.7	 	Section 2.1 of the Existing Mortgage (entitled “Loans and Other Obligations;
Open-End Mortgage”) is hereby deleted in its entirety and the following is hereby
substituted therefor:

     “Section 2.1 Loans and Other Obligations; Open-End Mortgage.
This Mortgage and the grants, security interests, assignments and transfers
made in Article 1 are given for the purpose of securing the Secured
Obligations, in such order of priority as specified in the Credit Agreement.
This Mortgage is an open-end mortgage which secures existing indebtedness, “Future
Advances,” “Protective Advances” and “Contingent Obligations” as such terms
are defined in 33 M.R.S.A. § 505, as the same may be amended or replaced.
The maximum

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aggregate principal amount of all Secured Obligations secured by
this Mortgage, including Future Advances but excluding Protective Advances,
shall not at any time exceed the total amount of $120,000,000.00. This
Mortgage shall also secure Contingent Obligations in the maximum amount of
$120,000,000.00. The Future Advances secured hereby shall be made to or for
the account of the Mortgagor and the other Borrowers and may be made under
the Notes or any of the other Loan Documents, as the same may be amended, or
may be made pursuant to promissory notes, line of credit agreements or other
instruments evidencing such Future Advances which may be hereafter executed
and delivered by Mortgagor or the other Borrowers to any of the Secured
Parties. All provisions of this Mortgage shall apply to each Future Advance
as well as to all other Obligations secured hereby. Nothing herein
contained, however, shall limit the amount secured by this Mortgage if such
amount is increased by Protective Advances made by the Administrative Agent
or any other Secured Party, as herein elsewhere provided. In the event that
any notice described in subsections 5(A) or (B) of 33 M.R.S.A. § 505 (or any
similar successor provision) is recorded or is received by the
Administrative Agent, any commitment, agreement or obligation to make future
advances to or for the benefit of the Mortgagor shall immediately cease and,
at Administrative Agent’s option, any such notice shall constitute an Event
of Default hereunder.”

	 	2.8	 	The last sentence of Section 3.2 of the Existing Mortgage (entitled
“Insurance”) is hereby deleted and the following is hereby substituted therefor:

“Any and all insurance proceeds payable to the Mortgagor from any such
casualty or other insured damage are hereby assigned to the Administrative
Agent; provided that the Mortgagor will be entitled to receive and use such
insurance proceeds in its good-faith discretion unless either (i) an Event
of Default has occurred hereunder or (ii) the Credit Agreement provides
otherwise, in either of which cases such insurance proceeds and condemnation
awards shall be paid and applied in accordance with the Credit Agreement.”

	 	2.8	 	The last sentence of Section 3.4 of the Existing Mortgage (entitled
“Condemnation”) is hereby deleted and the following is hereby substituted therefor:

“Any and all proceeds payable to the Mortgagor from any award made in
respect of any Taking are hereby assigned to the Administrative Agent;
provided that the Mortgagor will be entitled to receive and use such award
made in respect of any Taking in its good-faith discretion unless either (i)
an Event of Default has occurred hereunder or (ii) the Credit Agreement
provides otherwise, in either of which cases such insurance proceeds and
condemnation awards shall be paid and applied in accordance with the Credit
Agreement.”

       3.    Confirmation of the Mortgage. The Mortgagor confirms that all representations and
warranties contained in the Existing Mortgage, as amended hereby, are true and correct as of the
date hereof, as if made as of the date of this Amendment. Except as amended hereby, the Mortgage shall
remain in full force and effect and is hereby ratified and confirmed in all respects. It is the
intent of the parties hereto that nothing contained herein shall be construed to release, cancel,
terminate or otherwise adversely affect the lien, claims, rights and security interests granted to
the Mortgagee under the Existing

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Mortgage, which shall now secure the Secured Obligations (as modified as aforesaid) with all the priorities enjoyed by the Administrative Agent at its
inception. Nothing contained herein will be deemed to constitute a waiver or a release of any
provision of the Existing Mortgage. Nothing contained herein will in any event be deemed to
constitute an agreement to give a waiver or release or to agree to any amendment or modification of
any provision of the Existing Mortgage, as amended hereby, on any other or future occasion.
Nothing contained in this Amendment will be deemed to constitute a waiver of any default or Event
of Default (whether now known to the Administrative Agent or not) under the Credit Agreement, any
Note, the Existing Mortgage, as amended hereby, or any other Loan Document.

     4. Counterparts. This Amendment may be executed by the parties hereto in several
counterparts hereof and by the different parties hereto on separate counterparts hereof, all of
which counterparts shall together constitute one and the same agreement.

     5. Governing Law. This Amendment shall be governed by and construed in accordance
with federal law and the laws of the state where the Property is located, without reference or
giving effect to any choice of law doctrine.

     6. Successors and Assigns. This Amendment shall be binding upon and inure to the
benefit of the parties hereto and their respective heirs, successors and assigns.

[Signature pages follow.]

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     IN WITNESS WHEREOF, the Mortgagor and the Administrative Agent have each duly executed this
Amendment as an instrument under seal as of the day and year first above written.

	 	 	 	 	 
	 	Mortgagor:

SMITH & WESSON CORP.

 	 
	 	By:  	/s/ John R. Dineen
 	 
	 	 	Name:  	John R. Dineen 	 
	 	 	Title:  	Interim Chief Financial Officer 	 
	 

State/

Commonwealth of Arizona

Maricopa County, ss.

     On this 2nd day of December, 2010, before me, the undersigned notary public, personally
appeared John R. Dineen, proved to me through satisfactory evidence of identification, being (check
whichever applies): þ driver’s license or other state or federal governmental
document bearing a photographic image, o oath or affirmation of a credible witness known to me who
knows the above signatory, or o my own personal knowledge of the identity of the signatory, to be
the person whose name is signed above, and acknowledged the foregoing to be signed by him/her
voluntarily for its stated purpose, as the duly authorized Interim CFO of Smith & Wesson Corp., a
Delaware corporation.

	 	 	 	 	 
	 	 	 
	 	                /s/ Sandra K. Weeks
 	 
	 	Notary Public 	 
		My commission expires: 4-11-13 

Print Notary Public’s Name:      Sandra K. Weeks 

Qualified in the State of        Arizona 

[Notary Seal] 	 

[*Signatures Continued on Next Page*]

[Signature Page to Maine Mortgage Amendment]

 

 

     IN WITNESS WHEREOF, the Mortgagor and the Administrative Agent have each duly executed this
Amendment as an instrument under seal as of the day and year first above written.

	 	 	 	 	 
	 	Administrative Agent:

TD BANK, N.A.,

as successor Administrative Agent

 	 
	 	By:  	/s/ Maria P. Goncalves	 
	 	 	Maria P. Goncalves, 	 
	 	 	Regional Vice President 	 
	 

Commonwealth of Massachusetts

Hampden County, ss.

     On
this 3 day of December, 2010, before me, the undersigned notary public, personally
appeared Maria P. Goncalves, proved to me through satisfactory evidence of identification, being
(check whichever applies): o driver’s license or other state or federal governmental document
bearing a photographic image, o oath or affirmation of a credible witness known to me who knows the
above signatory, or þ my own personal knowledge of the identity of the signatory, to be the person
whose name is signed above, and acknowledged the foregoing to be signed by her voluntarily for its
stated purpose, as a duly authorized Regional Vice President of TD Bank, N.A., a national banking
association.

	 	 	 	 	 
	 	/s/ Zoe Rojas-McCaskill 	 
	 	 	 
	  	Notary Public

My commission expires: April 21, 2017

Print Notary Public’s Name: Zoe Rojas-McCaskill

Qualified in the State of  Mass.

[Notary Seal]
 	 

[Signature Page to Maine Mortgage Amendment]exv10w64wa

Exhibit 10.64(a)

			
	 	 	 
	When recorded return to:
	 	(400 North Main Street,
	Faith Kaliski, Esq
	 	Rochester, Strafford County, NH)
	Edwards Angell Palmer & Dodge LLP	 	 
	111 Huntington Avenue	 	 
	Boston, MA 02199	 	 
	(617) 951-2263	 	 

AMENDMENT NO. 1 TO MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF

LEASES AND RENTS AND FIXTURE FILING

     THIS AMENDMENT NO. 1 TO MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND
FIXTURE FILING (this “Amendment”) dated as of December 7, 2010 is made by

     O.L. DEVELOPMENT, INC., a New Hampshire corporation with its principal place of business at
2100 Roosevelt Avenue, Springfield, Massachusetts 01102 (the “Mortgagor”) to

     TD BANK, N.A., a national banking association with an office at 1441 Main Street, Springfield,
Massachusetts 01103, in its capacity as administrative agent for itself, the Lenders (as defined
below) and the other Secured Parties (as defined in the Credit Agreement defined below) (in such
capacity, together with its successors and assigns, the “Administrative Agent”).

RECITALS:

     A. Reference is made to a certain Mortgage, Security Agreement, Assignment of Leases and Rents
and Fixture Filing dated as of November 30, 2007 granted by the Mortgagor to TORONTO DOMINION
(TEXAS) LLC, a Delaware limited liability company, as administrative agent (in such capacity, the
“Predecessor Administrative Agent”), and recorded with the Registry of Deeds for Strafford
County, New Hampshire (“Strafford Deeds”) on December 4, 2007 in Book 3598, Page 750; and

     B. The above-referenced document was assigned by the Predecessor Administrative Agent to, and
accepted by, the Administrative Agent, pursuant to a certain Assignment and Acceptance of Mortgage,
Security Agreement, Assignment of Leases and Rents and Fixture Filing dated as of October 31, 2008,
recorded with Strafford Deeds on November 13, 2008 in Book 3693, Page 257 (the above-referenced
document, as so assigned and accepted, and as amended from time to time prior to the date hereof,
the “Existing Mortgage”); and

 

 

     C. The Existing Mortgage secures, among other obligations, a certain Subsidiary Guaranty dated
as of November 30, 2007 from the Mortgagor and the other parties thereto from time to time named as
guarantors in favor of the Administrative Agent, successor in such capacity to the Predecessor
Administrative Agent (as amended from time to time prior to the date hereof, the “Subsidiary
Guaranty”); and

     D. The Mortgagor (i) pursuant to the Subsidiary Guaranty guarantees, inter alia, the
Obligations of Smith &Wesson Corp., a Delaware corporation (“S&W Corp.”) and certain other
parties named as borrowers under the Credit Agreement dated as of November 30, 2007, as amended
(S&W Corp. and such other parties, being collectively, jointly and severally, referred to herein as
the “Existing Borrowers”), the parties named as lenders thereunder from time to time (the
“Lenders”), and the Administrative Agent (such Credit Agreement, as amended from time to
time prior to the date hereof being referred to herein as the “Existing Credit Agreement”);
and (ii) secures its obligations under the Subsidiary Guaranty by the Existing Mortgage and by that
certain Pledge and Security Agreement dated as of November 30, 2007 from the Mortgagor and certain
other pledgors named therein to the Administrative Agent (as amended from time to time prior to the
date hereof, the “Existing Security Agreement”)

     E. The Existing Borrowers have requested (a) that the Existing Credit Agreement be amended in
certain respects to, inter alia, (i) permit an aggregate outstanding principal exposure thereunder
of up to $120,000,000.00, and (ii) permit certain Loans thereunder to be borrowed, repaid and
re-borrowed; (b) that the Mortgagor, certain other guarantors of the Obligations of the Existing
Borrowers, and certain other affiliates of the Mortgagor and the Existing Borrowers be permitted to
borrow loans and otherwise benefit directly from the other credit facilities provided to the
Existing Borrowers (the Existing Borrowers, the Mortgagor, and the other parties now and from time
to time joined as borrowers being collectively, jointly and severally, referred to herein as the
“Borrowers”); (c) that certain other modifications be made to the Existing Credit
Agreement; and

     F. The Lenders and the Administrative Agent have agreed to amend and restate the Existing
Credit Agreement, pursuant to an Amended and Restated Credit Agreement on or about the date hereof
among the Mortgagor, the other Borrowers, the Lenders and the Administrative Agent (the Existing
Credit Agreement, as so amended and restated, and as may be further amended, restated, assigned,
increased, supplemented and/or otherwise modified from time to time being referred to herein as the
“Amended and Restated Credit Agreement”); and

     G. It is the intent of the parties that the Amended and Restated Credit Agreement not
constitute a novation of the obligations existing under the Existing Credit Agreement and the other
Loan Documents or evidence any repayment of any such obligations and liabilities, but rather that
the Amended and Restated Credit Agreement amend and restate in its entirety the Existing Credit
Agreement and re-evidence the obligations of the Existing Borrowers outstanding thereunder, as well
as evidence the obligations of the Borrowers to the Lenders, the LC Issuer and the Administrative
Agent under the Amended and Restated Credit Agreement; and

     H. The parties desire to enter into this Amendment for the purposes of evidencing their
agreement and understanding that the Existing Mortgage, as amended by this Amendment, is intended
to secure and benefit, among other obligations, all indebtedness, obligations and liabilities of
the Mortgagor and the other Borrowers under the Existing Credit Agreement, as amended and restated
pursuant to the Amended and Restated Credit Agreement, including any and all promissory notes which
may be executed from time to time to evidence any of such indebtedness;

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AMENDMENT

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:

	 	1.	 	Incorporation of Recitals. The defined terms set forth in the Recitals to this
Amendment are hereby added to the Existing Mortgage with the respective meanings set forth in the
Recitals. The definitions of any of such terms that are already set forth in the Existing Mortgage
are replaced by the definitions herein.

	 	2.	 	Amendments to the Existing Mortgage.

	 	2.1	 	All references in the Existing Mortgage to the “Mortgage”, “hereunder”,
“hereof”, “herein”, or similar terms, shall, except where the context may otherwise
require, mean and refer to the Mortgage as amended by this Amendment, and as may be
further amended, restated, assigned, increased, supplemented and/or otherwise modified
from time to time. All capitalized terms not otherwise defined or redefined herein
shall have the respective meanings assigned to them in the Mortgage.
	 
	 	2.2.	 	All references in the Existing Mortgage to the “Credit Agreement” shall be
deemed to be references to the Existing Credit Agreement, as amended and restated by
the Amended and Restated Credit Agreement, and as may be further amended, restated,
assigned, increased, supplemented and/or otherwise modified from time to time.
	 
	 	2.3	 	The second and third paragraphs of the Recitals in the Existing Mortgage (which
define the “Subsidiary Guaranty” and the “Security Agreement”) are hereby deleted.
	 
	 	2.4	 	All references in the Existing Mortgage to the “Security Agreement” shall have
the meaning set forth in the Amended and Restated Credit Agreement.
	 
	 	2.5	 	The fourth paragraph of the Recitals in the Existing Mortgage (which defines
the “Secured Obligations”) is hereby deleted and the following is hereby substituted
therefor:

     “WHEREAS, this Mortgage secures to the Administrative Agent, for the
benefit of the Administrative Agent, the Lenders and the other Secured
Parties (all of the following, collectively, the “Secured
Obligations”): (a) the due and punctual payment and performance of all
indebtedness, obligations and liabilities, now or hereafter existing, of the
Mortgagor and the other Borrowers arising under, out of or in connection
with (x) the Credit Agreement in the aggregate original principal amount of
$120,000,000.00, comprised of (i) Loans in the maximum principal amount of
$115,000,000.00, and any and all promissory notes issued by one or more of
the Mortgagor and the other Borrowers to the order of one or more of the
Lenders in evidence thereof, as the same may be amended, restated, assigned,
increased, supplemented and/or otherwise modified from time to time, and
(ii) the LC Exposure in the maximum principal amount of $5,000,000.00, and
(y) the other Loan Documents, including, without limitation, all advances
and readvances of principal and future
advances made pursuant to the Credit Agreement and the other Loan
Documents, and all other Obligations; (b) the due and punctual payment and
performance of all indebtedness, obligations and liabilities, now or
hereafter existing, of the

- 3 -

 

Mortgagor and the other Borrowers arising under,
out of or in connection with any and all Swap Agreements, including, without
limitation, all Swap Obligations; (c) the due and punctual payment and
performance of all indebtedness, obligations and liabilities, now or
hereafter existing, of the Mortgagor and the other Borrowers arising under,
out of or in connection with any and all cash management services,
including, without limitation, all Cash Management Services Obligations; (d)
the due and punctual payment and performance of all indebtedness,
obligations and liabilities, now or hereafter existing, of the Mortgagor and
the other Borrowers arising under, out of or in connection with any and all
foreign exchange contracts, including, without limitation, all Foreign
Exchange Obligations; (e) the due and punctual payment of all other sums,
with interest thereon, advanced in accordance herewith to protect the
security of this Mortgage; (f) the performance of the covenants and
agreements of the Mortgagor and the other Borrowers contained in this
Mortgage, the Credit Agreement, the Security Agreement, the other Loan
Documents, and any other agreements, documents or instruments now or
hereafter evidencing the Secured Obligations , as applicable; and (g) each
amendment, restatement, renewal, extension, consolidation, increase or
refinancing of any of the foregoing, in whole or in part; and”.

	 	2.6	 	The text of Section 1.4 of the Existing Mortgage (entitled “Pledge of Monies
Held”) is hereby deleted in its entirety and the following is hereby substituted
therefor:

     “Section 1.4 Pledge of Monies Held. The Mortgagor hereby
assigns to the Administrative Agent all insurance proceeds paid in
connection with the Property and all condemnation awards and payments
described in Section 3.4, as additional security for the Secured
Obligations; provided that the Mortgagor will be entitled to receive and use
such insurance proceeds and condemnation awards in its good-faith discretion
unless either (i) an Event of Default has occurred hereunder or (ii) the
Credit Agreement provides otherwise, in either of which cases such insurance
proceeds and condemnation awards shall be paid in accordance with the Credit
Agreement.”

	 	2.7	 	The last sentence of Section 3.2 of the Existing Mortgage (entitled
“Insurance”) is hereby deleted and the following is hereby substituted therefor:

“Any and all insurance proceeds payable to the Mortgagor from any such
casualty or other insured damage are hereby assigned to the Administrative
Agent; provided that the Mortgagor will be entitled to receive and use such
insurance proceeds in its good-faith discretion unless either (i) an Event
of Default has occurred hereunder or (ii) the Credit Agreement provides
otherwise, in either of which cases such insurance proceeds and condemnation
awards shall be paid and applied in accordance with the Credit Agreement.”

	 	2.8	 	The last sentence of Section 3.4 of the Existing Mortgage (entitled
“Condemnation”) is hereby deleted and the following is hereby substituted therefor:

“Any and all proceeds payable to the Mortgagor from any award made in
respect of any Taking are hereby assigned to the Administrative Agent;
provided that the Mortgagor will be entitled to receive and use such award
made in respect of any

- 4 -

 

Taking in its good-faith discretion unless either (i)
an Event of Default has occurred hereunder or (ii) the Credit Agreement
provides otherwise, in either of which cases such insurance proceeds and
condemnation awards shall be paid and applied in accordance with the Credit
Agreement.”

	 	2.9	 	Section 9.2 of the Existing Mortgage (entitled “Notices”) is hereby deleted and
the following is hereby substituted therefor:

     “Section 9.2 Notices. All notices or other written
communications hereunder shall be given pursuant to Section 10.02 of the
Credit Agreement.”

	 	2.10	 	Section 9.11 of the Existing Mortgage (entitled “Stated Maximum Amount”) is
hereby deleted and the following is hereby substituted therefor:

     “Section 9.11 Stated Maximum Amount. Notice is hereby given
that for the purposes of RSA Section 479:3, this Mortgage secures a maximum
amount equal to the principal sum of $120,000,000.00, plus accrued interest
thereon, plus advances, if any, to protect the security of this mortgage,
plus foreclosure costs and expenses, including attorney’s fees, if any, plus
any other costs and expenses authorized by the Mortgage or the aforesaid
notes.”

	 	3.	 	Confirmation of the Mortgage. The Mortgagor confirms that all representations and
warranties contained in the Existing Mortgage, as amended hereby, are true and correct as of the
date hereof, as if made as of the date of this Amendment. Except as amended hereby, the Mortgage
shall remain in full force and effect and is hereby ratified and confirmed in all respects. It is
the intent of the parties hereto that nothing contained herein shall be construed to release,
cancel, terminate or otherwise adversely affect the lien, claims, rights and security interests
granted to the Mortgagee under the Existing Mortgage, which shall now secure the Secured
Obligations (as modified as aforesaid) with all the priorities enjoyed by the Administrative Agent
at its inception. Nothing contained herein will be deemed to constitute a waiver or a release of
any provision of the Existing Mortgage. Nothing contained herein will in any event be deemed to
constitute an agreement to give a waiver or release or to agree to any amendment or modification of
any provision of the Existing Mortgage, as amended hereby, on any other or future occasion.
Nothing contained in this Amendment will be deemed to constitute a waiver of any default or Event
of Default (whether now known to the Administrative Agent or not) under the Amended and Restated
Credit Agreement, any Note, the Existing Mortgage, as amended hereby, or any other Loan Document.

	 	4.	 	Counterparts. This Amendment may be executed by the parties hereto in several
counterparts hereof and by the different parties hereto on separate counterparts hereof, all of
which counterparts shall together constitute one and the same agreement.

	 	5.	 	Governing Law. This Amendment shall be governed by and construed in accordance
with federal law and the laws of the state where the Property is located, without reference or
giving effect to any choice of law doctrine.

	 	6.	 	Successors and Assigns. This Amendment shall be binding upon and inure to the
benefit of the parties hereto and their respective heirs, successors and assigns.

[Signature pages follow.]

- 5 -

 

     IN WITNESS WHEREOF, the Mortgagor and the Administrative Agent have each duly executed this
Amendment as an instrument under seal as of the day and year first above written.

	 	 	 	 	 
	 	Mortgagor:

O.L. DEVELOPMENT, INC.

 	 
	 	By:  	/s/ John R. Dineen 	 
	 	 	Name:  	John R. Dineen 	 
	 	 	Title:  	Interim Chief Financial Officer 	 
	 

State/

Commonwealth of Arizona

Maricopa County, ss.

     On this 2nd day of December, 2010, before me, the undersigned notary public, personally
appeared John R. Dineen, proved to me through satisfactory evidence of identification, being (check
whichever applies): þ driver’s license or other state or federal governmental
document bearing a photographic image, o oath or affirmation of a credible witness known to me who
knows the above signatory, or o my own personal knowledge of the identity of the signatory, to be
the person whose name is signed above, and acknowledged the foregoing to be signed by him/her
voluntarily for its stated purpose, as the duly authorized Interim CFO of O.L. Development, Inc., a
New Hampshire corporation.

	 	 	 	 	 
	 	 	 
	 	                /s/ Sandra K. Weeks
 	 
	 	Notary Public 	 
	 	My commission expires: 4-11-13

Print Notary Public’s Name:     Sandra K. Weeks

Qualified in the State of    Arizona

[Notary Seal] 	 

[*Signatures Continued on Next Page*]

[Signature Page to New Hampshire Mortgage Amendment]

 

 

     IN WITNESS WHEREOF, the Mortgagor and the Administrative Agent have each duly executed this
Amendment as an instrument under seal as of the day and year first above written.

	 	 	 	 	 
	 	Administrative Agent:

TD BANK, N.A.,

as successor Administrative Agent

 	 
	 	By:  	/s/ Maria P. Goncalves	 
	 	 	Maria P. Goncalves, 	 
	 	 	Regional Vice President 	 
	 

Commonwealth of Massachusetts

Hampden  County, ss.

     On
this 3 day of December, 2010, before me, the undersigned notary public, personally
appeared Maria P. Goncalves, proved to me through satisfactory evidence of identification, being
(check whichever applies): o driver’s license or other state or federal governmental document
bearing a photographic image, o oath or affirmation of a credible witness known to me who knows the
above signatory, or þ my own personal knowledge of the identity of the signatory, to be the person
whose name is signed above, and acknowledged the foregoing to be signed by her voluntarily for its
stated purpose, as a duly authorized Regional Vice President of TD Bank, N.A., a national banking
association.

	 	 	 	 	 
	 	 	 
	 	/s/ Zoe Rojas-McCaskill
 	 
	 	Notary Public 
	 
	 	My commission expires: April 21, 2017
 
	 
	 	Print Notary Public’s Name: Zoe Rojas-McCaskill 	 
	 	Qualified in the State of Mass. 	 
	 	[Notary Seal] 
	 

[Signature Page to New Hampshire Mortgage Amendment]

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