Document:

Wells Fargo Sixth Amendment - Womacks

    SIXTH
      AMENDMENT TO

    AMENDED
      AND RESTATED CREDIT AGREEMENT

    

     

           THIS
      SIXTH AMENDMENT TO
      AMENDED AND RESTATED CREDIT AGREEMENT ("Sixth Amendment") is made and entered
      into as of the 31st day October, 2006, by and among WMCK VENTURE CORP., a
      Delaware corporation, CENTURY CASINOS CRIPPLE CREEK, INC., a Colorado
      corporation and WMCK ACQUISITION CORP., a Delaware corporation (collectively
      the
      "Borrowers"), CENTURY CASINOS, INC., a Delaware corporation (the "Guarantor")
      and WELLS FARGO BANK, National Association, as Lender and L/C Issuer and as
      the
      administrative and collateral agent for the Lenders and L/C Issuer (herein
      in
      such capacity called the "Agent Bank" and, together with the Lenders and L/C
      Issuer, collectively referred to as the "Banks").

    

    R_E_C_I_T_A_L_S:

           WHEREAS:

     

           A.  Borrowers,
      Guarantor and Banks entered into an Amended and Restated Credit Agreement dated
      as of April 21, 2000, as amended by First Amendment to Amended and Restated
      Credit Agreement dated as of August 22, 2001, by Second Amendment to
      Amended and Restated Credit Agreement dated as of August 28, 2002, by Third
      Amendment to Amended and Restated Credit Agreement dated as of October 27,
      2004,
      by Fourth Amendment to Amended and Restated Credit Agreement dated as of
      September 23, 2005, and by Fifth Amendment to Amended and Restated Credit
      dated as of December 6, 2005 (collectively, the "Existing Credit
      Agreement").

     

           B.  For
      the
      purpose of this Sixth Amendment, all capitalized words and terms not otherwise
      defined herein shall have the respective meanings and be construed herein as
      provided in Section 1.01 of the Existing Credit Agreement and any reference
      to a provision of the Existing Credit Agreement shall be deemed to incorporate
      that provision as a part hereof, in the same manner and with the same effect
      as
      if the same were fully set forth herein.

     

           C.  Borrowers
      desire to further amend the Existing Credit Agreement for the purpose of
      extending the Maturity Date from August 30, 2007 to December 31,
      2007.

     

           D.  Lender
      is
      willing to amend the Existing Credit Agreement for the purposes described
      hereinabove, subject to the terms and conditions which are hereinafter set
      forth.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

             NOW,
        THEREFORE, in
        consideration of the foregoing and other good and valuable considerations,
        the
        receipt and sufficiency of which are hereby acknowledged, the parties hereto
        do
        agree to the amendments and modifications to the Existing Credit Agreement
        in
        each instance effective as of the Sixth Amendment Effective Date, as
        specifically hereinafter provided as follows:

    

     

           1.  Definitions.
      Section 1.01 of the Existing Credit Agreement entitled "Definitions" shall
      be and is hereby amended to include the following definitions. Those terms
      which
      are currently defined by Section 1.01 of the Existing Credit Agreement and
      which are also defined below shall be superseded and restated by the applicable
      definition set forth below:

     

           "Credit
      Agreement" shall
      mean the Existing Credit Agreement as amended by the Sixth Amendment, together
      with all Schedules, Exhibits and other attachments thereto, as it may be further
      amended, modified, extended, renewed or restated from time to time.

     

           "Existing
      Credit Agreement"
      shall have the meaning set forth in Recital Paragraph A of the Sixth
      Amendment.

     

           "Maturity
      Date" shall mean
      December 31, 2007.

     

           "Sixth
      Amendment" shall
      mean the Sixth Amendment to Amended and Restated Credit Agreement.

     

           "Sixth
      Amendment Effective
      Date" shall mean October 31, 2006, subject to the occurrence of each of the
      conditions precedent set forth in Paragraph 3 of the Sixth
      Amendment.

     

           2.  Extension
      of Maturity Date.
      As of
      the Sixth Amendment Effective Date, the definition of "Maturity Date" shall
      be
      and is hereby modified as set forth in the definition of Maturity Date contained
      in the Sixth Amendment.

     

           3.  Conditions
      Precedent to Sixth Amendment Effective Date.
      The
      occurrence of the Sixth Amendment Effective Date is subject to Agent Bank having
      received the following documents and payments, in each case in a form and
      substance reasonably satisfactory to Agent Bank, and the occurrence of each
      other condition precedent set forth below on or before November 5,
      2006:

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

                a.  Due
      execution by Borrowers, Guarantor and Agent Bank of three (3) duplicate
      originals of this Sixth Amendment;

     

                 b.  Reimbursement
      to Agent Bank by Borrowers for all reasonable fees and out-of-pocket expenses
      incurred by Agent Bank in connection with the Sixth Amendment, including, but
      not limited to, reasonable attorneys' fees of Henderson & Morgan, LLC and
      all other like expenses remaining unpaid as of the Sixth Amendment Effective
      Date; and

                 c.  Such
      other documents, instruments or conditions as may be reasonably required by
      Lenders.

     

     

           4.  Representations
      of Borrowers.
      Borrowers hereby represent to the Banks that:

     

                 a.  The
      representations and warranties contained in Article IV of the Existing Credit
      Agreement and contained in each of the other Loan Documents (other than
      representations and warranties which expressly speak only as of a different
      date, which shall be true and correct in all material respects as of such date)
      are true and correct on and as of the Sixth Amendment Effective Date in all
      material respects as though such representations and warranties had been made
      on
      and as of the Sixth Amendment Effective Date, except to the extent that such
      representations and warranties are not true and correct as a result of a change
      which is permitted by the Credit Agreement or by any other Loan Document or
      which has been otherwise consented to by Agent Bank;

     

                 b.  Since
      the
      date of the most recent financial statements referred to in Section 5.08 of
      the
      Existing Credit Agreement, no Material Adverse Change has occurred and no event
      or circumstance which could reasonably be expected to result in a Material
      Adverse Change or Material Adverse Effect has occurred;

     

                
c.  No
      event
      has occurred and is continuing which constitutes a Default or Event of Default
      under the terms of the Credit Agreement; and

     

                 d.  The
      execution, delivery and performance of this Sixth Amendment has been duly
      authorized by all necessary action of Borrowers and Guarantor and this Sixth
      Amendment constitutes a valid, binding and enforceable obligation of Borrowers
      and Guarantor.

     

           5.  Consent
      to Sixth Amendment and Affirmation and Ratification of Guaranty.
      Guarantor joins in the execution of this Sixth Amendment for the purpose of
      evidencing its consent to the terms, covenants, provisions and conditions herein
      contained and contained in the Existing Credit Agreement. Guarantor further
      joins in the execution of this Sixth Amendment for the purpose of ratifying
      and
      affirming its obligations under the Continuing Guaranty for the guaranty of
      the
      full and prompt payment and performance of all Indebtedness and Obligations
      under the Credit Facility, as modified and amended under this Sixth
      Amendment.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

           6.  Incorporation
      by Reference.
      This
      Sixth Amendment shall be and is hereby incorporated in and forms a part of
      the
      Existing Credit Agreement.

     

           

           7.  Governing
      Law.
      This
      Sixth Amendment to Credit Agreement shall be governed by the internal laws
      of
      the State of Nevada without reference to conflicts of laws
      principles.

     

           8.  Counterparts.
      This
      Sixth Amendment may be executed in any number of separate counterparts with
      the
      same effect as if the signatures hereto and hereby were upon the same
      instrument. All such counterparts shall together constitute one and the same
      document.

     

     

           9.  Continuance
      of Terms and Provisions.
      All of
      the terms and provisions of the Existing Credit Agreement shall remain unchanged
      except as specifically modified herein.

     

           IN
      WITNESS WHEREOF, the
      parties hereto have executed this Sixth Amendment as of the day and year first
      above written.

    

    
      	 	
              BORROWERS:

               

              WMCK
                VENTURE CORP.,

              a
                Delaware corporation

               

              By       /s/
                Larry
                Hannappel             
                

                  Larry
                Hannappel,

                  President

            
	 	
               

              CENTURY
                CASINOS CRIPPLE

              CREEK,
                INC.,

              a
                Colorado corporation

               

               

              
                By       /s/
                  Larry
                  Hannappel             
                  

                    Larry
                  Hannappel,

                    President

              

            
	 	
               

              WMCK
                ACQUISITION

              CORP.,
                a Delaware

              corporation

               

              By       /s/
                Larry
                Hannappel             
                

              
                
                  Larry
                    Hannappel,

                  President

                

              

            
	 	
               

              GUARANTOR:

               

              CENTURY
                CASINOS, INC.,

              a
                Delaware corporation

               

               

              By   /s/
                Larry
                Hannappel             
                

              Larry
                Hannappel,

              Senior
                Vice President

            
	 	
               

              BANKS:

               

              WELLS
                FARGO BANK,

              National
                Association,

              Agent
                Bank, Lender and

              L/C
                Issuer

               

               

              By     
                /s/ Ryan Edde        
                               
                

                 Ryan
                Edde,

                 Vice
                PresidentAmendment No. 1 dated November 1, 2006

     

    EXHIBIT
      4.1

    
      AMENDMENT
        NO. 1 TO RIGHTS AGREEMENT

    

     

    THIS
      AMENDMENT NO. 1 TO RIGHTS AGREEMENT (this “Amendment”), dated as of
      November 1, 2006, is between Clark, Inc. (formerly Clark/Bardes Holdings,
      Inc.), a Delaware corporation (the “Company”), and The Bank of New York as
      rights agent (the “Rights Agent”).

     

    WHEREAS,
      the Company and the Rights Agent are parties to a Rights Agreement, dated as
      of
      July 10, 1998, between the Company and the Rights Agent (the “Rights
      Agreement”); and

     

    WHEREAS,
      pursuant to Section 27 of the Rights Agreement, the Company and the Rights
      Agent desire to amend the Rights Agreement as set forth below;

     

    NOW,
      THEREFORE, the Rights Agreement is hereby amended as follows:

     

    1.  Amendment
      of Section 1.

     

    Section 1
      of the
      Rights Agreement is amended by adding thereto subsections (q) through
      (t) which shall read as follows:

     

    “(q) “Agreement
      and Plan of Merger” shall mean the Agreement and Plan of Merger, dated as of
      November 1, 2006, by and among Parent, Sub and the Company, as the same may
      be amended from time to time.”

     

    “(r) “Parent”
      shall mean AUSA Holding Company, a Delaware corporation.

     

    “(s) “Tender
      Agreements” shall mean the Tender and Voting Agreements among the Parent and
      certain stockholders of the Company (the “Specified Stockholders”), pursuant to
      the terms of which the Specified Stockholders agree to take certain actions
      in
      furtherance of the Offer and the Merger (as such terms are defined in the
      Agreement and Plan of Merger).”

     

    “(t) Sub”
      shall mean AUSA Merger Sub, Inc., a Delaware corporation and wholly-owned
      subsidiary of Parent.”

     

    2.  Amendment
      of Section 7.

     

    Paragraph
      (a) of Section 7 of the Rights Agreement is amended by deleting the
      words “(the “Final Expiration Date”)” in subclause (i) thereof; deleting the
      word “or” immediately preceding subclause (iii) thereof; and by adding the
      following new phrase immediately following subclause (iii) thereof: “or
      (iv) immediately prior to the time at which the Sub accepts shares of
      Company Common Stock (as such term is defined in the Agreement and Plan of
      Merger) for payment and pays for such shares pursuant to and subject to the
      conditions of the Offer (as such term is defined in the Agreement and Plan
      of
      Merger) (the earlier to occur of the close of business on July 10, 2008 and
      the happening of the event described in this subclause (iv) being referred
      to in this Agreement as the “Final Expiration Date”).”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.  Addition
      of New Section 35.

     

    The
      Rights Agreement is amended by adding a Section 35 thereof which shall read
      as follows:

     

    “Section 35.
      Exception For Agreement and Plan of Merger. Notwithstanding any provision of
      this Agreement to the contrary, (i) neither a Distribution Date, a
      Section 11(a)(ii) Event, a Section 13 Event nor a Shares
      Acquisition Date shall be deemed to have occurred; (ii) no Person shall be
      or be deemed to have become an Acquiring Person; and (iii) no holder of any
      Rights shall be entitled to exercise such Rights under, or be entitled to any
      rights pursuant to, this Agreement, in any such case by reason of (a) the
      approval, execution or delivery of the Agreement and Plan of Merger or any
      amendments thereof approved in advance by the Board of Directors of the Company;
      (b) the approval, execution or delivery of the Tender Agreements or any
      amendments thereof approved in advance by the Board of Directors of the Company;
      (c) the commencement or, prior to termination of the Agreement and Plan of
      Merger, the consummation of any of the transactions contemplated by the
      Agreement and Plan of Merger or the Tender Agreements in accordance with their
      respective provisions, including, without limitation, the making of the Offer
      (as such term is defined in the Agreement and Plan of Merger), the acceptance
      of
      payment for shares of Company Common Stock by Sub pursuant to the Offer and
      the
      Merger (as such term is defined in the Agreement and Plan of Merger); or (d)
      any
      public announcement by the Company, Parent, Sub or any of their Affiliates
      or
      Associates of an intention to make the Offer or of any of the transactions
      contemplated by the Agreement and Plan of Merger or the Tender
      Agreements.”

     

    4.  Effectiveness.

     

    This
      Amendment shall be deemed effective as of the date set forth above as if
      executed by both parties hereto on such date. Except as amended hereby, the
      Rights Agreement shall remain in full force and effect and shall be otherwise
      unaffected hereby.

     

    5.  Miscellaneous.

     

    This
      Amendment shall be deemed to be a contract made under the laws of the State
      of
      New York and for all purposes shall be governed by and construed in accordance
      with the laws of such state applicable to contracts to be made and performed
      entirely within such state. This Amendment may be executed in any number of
      counterparts, each of such counterparts shall for all purposes be deemed to
      be
      an original, and all such counterparts shall together constitute but one and
      the
      same instrument. If any term, provision, covenant or restriction of this
      Amendment is held by a court of competent jurisdiction or other authority to
      be
      invalid, illegal, or 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    unenforceable,
      the remainder of the terms, provisions, covenants and restrictions of this
      Amendment shall remain in full force and effect and shall in no way be affected,
      impaired or invalidated.

     

     

    [signature
      page follows]

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
      executed as of the date set forth above.

     

    
      	 	
              CLARK,
                INC.

               

              By:
                /s/Tom
                Wamberg                                                                
                

              Name:
                Tom Wamberg

              Title:
                CEO

               

            
	 	
              THE
                BANK OF NEW YORK

               

              By:
                /s/James F.
                Kiszka                                                                
                

              Name:
                James Kiszka

              Title:
                Vice President

               

            

    

    

    
      
        
        

      

      
        4

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