Document:

Second Amendment dated September 10, 2007

 EXHIBIT 4.11 
 SECOND AMENDMENT dated as of September 10, 2007 (the “Second Amendment”), to the Credit Agreement dated as of January 27, 2005 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among ALLIANCE LAUNDRY HOLDINGS LLC, a Delaware limited liability company (“Holdings”), ALLIANCE LAUNDRY SYSTEMS LLC, a Delaware limited liability company (“Alliance
Laundry”), ALH FINANCE LLC, a Delaware limited liability company (“ALH Finance”), the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), LEHMAN
BROTHERS INC., as sole advisor, sole lead arranger and sole bookrunner (in such capacity, the “Arranger”), THE BANK OF NOVA SCOTIA, as syndication agent, LASALLE BANK NATIONAL ASSOCIATION and ROYAL BANK OF CANADA, as
co-documentation agents, and LEHMAN COMMERCIAL PAPER INC., as administrative agent (in such capacity, the “Administrative Agent”). All capitalized terms used herein that are defined in the Credit Agreement and that are not otherwise
defined herein shall have the respective meanings ascribed thereto in the Credit Agreement. 
 W I T N E S S E T H: 
 WHEREAS, the Borrower has requested that the Lenders agree to amend the Credit Agreement as set forth herein and the Lenders have agreed to amend the
Credit Agreement solely on the terms and conditions set forth in this Second Amendment. 
 NOW, THEREFORE, in consideration of the premises
and the mutual covenants contained herein, the parties hereto agree as follows: 
 SECTION 1. AMENDMENTS TO THE CREDIT AGREEMENT

 1.1. Amendments to Section 1.1 (Defined Terms). (a) Section 1.1 of the Credit Agreement is
hereby amended by adding the following new definitions in appropriate alphabetical order: 
 “Related
Default”: any Default or Event of Default under Section 8(b), (c), (d) or (except with respect to (i) any default in making any payment of principal or interest of any Indebtedness and (ii) any other default under any
such Indebtedness as to which notice by the holder or beneficiary thereof has been given, and lapse of time thereafter has occurred, the effect of which default, notice and lapse of time is to permit such holder or beneficiary to cause (without
further notice or lapse of time) such Indebtedness to become due prior to its stated maturity or to become subject to a mandatory offer to purchase by the obligor thereunder) (e). 
 “Second Amendment”: the Second Amendment dated as of September 10, 2007, to the Credit Agreement. 
 “Second Amendment Effective Date”: the date upon which all conditions precedent specified in Section 3 of the Second
Amendment shall have been satisfied or waived. 
 (b) Section 1.1 of the Credit Agreement is hereby further amended by
deleting the defined term “Applicable Margin” and substituting in lieu thereof the following new definition in appropriate alphabetical order: 

 “Applicable Margin”: for each Type of Loan, the rate per annum set forth
under the relevant column heading below: 
  

							
	 	  	Base Rate Loans	 	 	Eurodollar Loans	 
	 Revolving Credit Loans
	  	1.75	%	 	2.75	%
	 Swing Line Loans
	  	1.75	%	 	2.75	%
	 Term Loans
	  	1.50	%	 	2.50	%

 provided, that, on and after the first Adjustment Date occurring after the
Second Amendment Effective Date, the Applicable Margin with respect to Term Loans, Revolving Credit Loans, Letters of Credit and Swing Line Loans will be determined pursuant to the Pricing Grid. 
 1.2. Amendments to Section 2.11 (Optional Prepayments). (a) Subsection 2.11 of the Credit Agreement is hereby
amended by inserting the following proviso immediately prior to the “.” at the end of the first sentence: 
 “; provided
further, that all optional prepayments of Term Loans effected on or prior to the first anniversary of the Second Amendment Effective Date with the proceeds of a substantially concurrent issuance or incurrence of Indebtedness will be
accompanied by a prepayment fee equal to 1.00% of the aggregate principal amount of such prepayment if the Applicable Margin or similar interest rate spread applicable to such Indebtedness is less than the Applicable Margin that would apply to the
Term Loans on the date of such prepayment” 
 (b) Subsection 2.11 of the Credit Agreement is hereby further amended by
inserting the following immediately prior to the “.” at the end of the third sentence: “and, if applicable, the prepayment fee provided for in the first sentence of this Section 2.11” 
 1.3. Amendment to Section 7.1(a) (Consolidated Leverage Ratio). Section 7.1(a) of the Credit Agreement is hereby
amended by deleting “5.75 to 1.00” immediately following “June 30, 2007” and replacing with “6.00 to 1.00”. 
 1.4. Amendment to Annex A to the Credit Agreement. Annex A to the Credit Agreement is hereby amended by replacing such annex in its entirety with Annex A hereto. 
 SECTION 2. WAIVERS 
 2.1. The Lenders hereby waive until November 13, 2007 any breach of the covenants set forth in Sections 6.1(b) and 6.2(b) of the Credit Agreement with respect to information for the fiscal quarter ended June 30, 2007 and any
Related Default arising as a result of such breach, and agree not to take any action against any Loan Party in respect of any such breach (or resultant Related Default) so long as the information required by such covenants with respect to the fiscal
quarter ended June 30, 2007 is delivered on or before November 13, 2007. 
 2.2. The Lenders hereby waive any
breach of the representations and warranties contained in Section 4.7 (No Default) or 4.18 (Accuracy of Information, etc.) of the Credit Agreement, any breach of the covenants contained in Section 6.1 (Financial Statements), 6.2
(Certificates; Other Information), 6.7 (Notices) or 7.1 (Financial Condition Covenants) of the Credit Agreement (with the exception of the covenants contained in Section 7.1 for the periods ending on or after June 30, 2007) and any Related
Default arising as the result of the breach of such representations, warranties and covenants to the extent such breach (or resultant Related Default) results from the restatement of the Borrower’s consolidated financial statements for the
fiscal year ended December 31, 2006 or for the fiscal quarters ended March 31, 2006, June 30, 2006, September 30, 2006 or March 31, 2007, or from the withdrawal by PriceWaterhouseCoopers L.L.P. of its opinion or
report on the Borrower’s consolidated financial statements for the fiscal year ended December 31, 2006. 
  

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 SECTION 3. CONDITIONS PRECEDENT 
 This Second Amendment shall become effective upon the date of satisfaction of the following conditions precedent (such date, the “Second
Amendment Effective Date”): 
 3.1. Amendment. The Administrative Agent shall have received counterparts
of this Second Amendment duly executed as of the date hereof by Holdings, the Borrower and the Required Lenders. 
 3.2. Fees. The Borrower shall have paid to the Administrative Agent, on behalf of each Lender which shall have executed and delivered a counterpart of this Second Amendment to counsel to the Administrative Agent by 5:00 p.m.
(New York City time) on September 10, 2007, an amendment fee in an amount equal to 0.25% of the sum of each such Lender’s Revolving Credit Commitment and Term Loans then outstanding. 
 SECTION 4. REPRESENTATIONS AND WARRANTIES. 
 4.1. Each of the
representations and warranties made by any Loan Party herein or in or pursuant to the Loan Documents is true and correct in all material respects on and as of the Second Amendment Effective Date (after giving effect hereto) as if made on and as of
such date, except to the extent such representation and warranty specifically refers to an earlier date, in which case such representation and warranty shall be true and correct in all material respects on and as of such earlier date. 
 4.2. No Default or Event of Default shall have occurred and be continuing after giving effect to this Second Amendment. 

SECTION 5. MISCELLANEOUS. 
 5.1. Counterparts. This Second Amendment may be executed by the parties hereto in any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
Delivery of an executed counterpart of a signature page of this Second Amendment by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Second Amendment. 
 5.2. Fees and Expenses. The Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable
out-of-pocket costs and expenses in connection with the negotiation, preparation, execution and delivery of this Second Amendment, including, without limitation, the fees and expenses of Simpson Thacher & Bartlett LLP. 
 5.3. Continuing Effect. Except as expressly amended hereby, the Credit Agreement and the other Loan Documents shall continue
to be and shall remain in full force and effect in accordance with their terms. This Second Amendment shall not constitute an amendment or waiver of any provision of the Credit Agreement or the other Loan Documents not expressly referred to herein
and shall not be construed as an amendment, waiver or consent to any action on the part of the Borrower that would require an amendment, waiver or consent of the Administrative Agent, the Lenders or the Additional Term Lenders except as expressly
stated herein. 
  

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 5.4. GOVERNING LAW. THIS SECOND AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 5.5. Miscellaneous. On and
after the Second Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import referring to the Credit Agreement, and each
reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof”, or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended
hereby. 
  

 4 

 IN WITNESS WHEREOF, the parties have caused this Second Amendment to be executed and delivered by their
respective duly authorized officers as of the day and year first above written. 
  

			
	ALLIANCE LAUNDRY HOLDINGS LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ALLIANCE LAUNDRY SYSTEMS LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ALH FINANCE LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

 Second Amendment 

			
	LEHMAN COMMERCIAL PAPER INC.,
	as Administrative Agent and Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

 Second Amendment 

					
	  
	 	,
	as a Lender	 	
			
	By:	 	  
	 	
	Name:	 		 	
	Title:	 		 	

 Second Amendment 

 Annex A 
 PRICING GRID FOR REVOLVING CREDIT LOANS AND SWING LINE LOANS 
  

							
	 Consolidated Leverage Ratio
	  	Applicable Margin	 
	  	Eurodollar Loans	 	 	Base Rate Loans	 
	 35.0 to 1.0
	  	2.75	%	 	1.75	%
	 <5.0 to 1.0 but 34.0 to
1.0
	  	2.50	%	 	1.50	%
	 <4.0 to 1.0
	  	2.25	%	 	1.25	%

 PRICING GRID FOR TERM LOANS 
  

							
	 Consolidated Leverage Ratio
	  	Applicable Margin	 
	  	Eurodollar Loans	 	 	Base Rate Loans	 
	 35.0 to 1.0
	  	2.50	%	 	1.50	%
	 <5.0 to 1.0
	  	2.25	%	 	1.25	%

 Changes in the Applicable Margin with respect to Loans resulting from changes in the Consolidated Leverage Ratio
shall become effective on the date (the “Adjustment Date”) on which financial statements are delivered to the Lenders pursuant to Section 6.1 (but in any event not later than the date such financial statements are due pursuant
to Section 6.1) and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified above, then, until such financial
statements are delivered, the Consolidated Leverage Ratio as at the end of the fiscal period that would have been covered thereby shall for the purposes of this definition be deemed to be greater than 5.0 to 1.0. Each determination of the
Consolidated Leverage Ratio pursuant to this definition shall be made with respect to the period of four consecutive fiscal quarters of the Borrower ending at the end of the period covered by the relevant financial statements. 
 For any day on or after the date that is ten days after the delivery of financial statements for the fiscal quarter ended June 30, 2007 pursuant to
Section 6.1(b), the Applicable Margin shall be further adjusted by increasing the Applicable Margin by the amount set forth below based upon the corporate credit rating of Alliance Laundry by S&P and Moody’s on such calculation date:

  

				
	 Rating (S&P/Moody’s)
	  	Amount	 
	 B/B2 or higher
	  	0.00	%
	 B-/B3
	  	0.25	%
	 CCC+/Caa1 or lower
	  	0.75	%

 For purposes of the foregoing, in the event the ratings established by S&P and Moody’s fall in different
categories, the Applicable Margin shall be based on the lower of the two ratings. If the rating system of S&P or Moody’s shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations,
or if either such rating agency shall not have in effect a corporate credit rating for Alliance Laundry, the Borrower and the Lenders shall negotiate in good faith to amend this provision to reflect such changed rating system or the unavailability
of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Margin shall be determined by reference to the rating of the other rating agency or, if there shall be no such rating, the ratings of S&P and
Moody’s most recently in effect. 
 Second AmendmentExhibit
4.1

NITCHES,
INC.
CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS OF
SERIES A
PREFERRED STOCK

     Pursuant to the provisions of
Section 401 of the General Corporation Law of the State of California, the
undersigned officers of Nitches, Inc. hereinafter (the "Corporation") do hereby
certify as follows:

     1. The name of the Corporation is
Nitches, Inc.

     2. The following is a copy of the
resolutions adopted by the Board of Directors of the Corporation pursuant to the
authority conferred on the Board of Directors of the Corporation (the "Board") by the Articles of Incorporation of the
Corporation and in accordance with Section 202 of the California Corporations
Code, the Board adopted the following resolution establishing a series of eight
thousand eight hundred twenty (8,820) shares of preferred stock of the
Corporation designated as "Series A Preferred Stock." None of the shares of the
class or series has been issued.

     RESOLVED, that pursuant to the
authority conferred on the Board by the Articles of Incorporation, a series of
Preferred Stock of the Corporation is hereby established and created, and that
the designation and number of shares thereof and the voting and other powers,
preferences and relative, participating, optional or other rights of the shares
of such series and the qualifications, limitations and restrictions thereof are
as follows:

Series A Preferred
Stock

     Section 1.
Designation and Amount.

     There shall be a series of Preferred
Stock designated as "Series A Preferred Stock" and the number of shares
constituting such series shall be eight thousand eight hundred twenty (8,820).
Such series is referred to herein as the "Series A Preferred
Stock" and shall have $100.00 par value per share.

     Section 2.
Liquidation Rights.

     In the event of any liquidation,
dissolution, winding up or "Change of Control"
(meaning, for these purposes, any sale, exchange, conveyance or other
disposition of all or substantially all of the assets of the Corporation or of
the outstanding capital stock of the Corporation, or a reorganization or
recapitalization, in a transaction or series of transactions in which more than
50% of the voting power of the Corporation is acquired by persons that are not
then stockholders of the Corporation or affiliates of such stockholders of the
Corporation, whether voluntary or involuntary) (each a "Liquidation Event"), each holder of a share of Series A
Preferred Stock, after provision for the Corporation's debts and other
liabilities, will be entitled to receive the amount of $100.00 per share, plus
any declared and unpaid dividends thereon (collectively, the "Liquidation Amount"), prior to any distributions being
made in respect of any common stock and any shares of any other series or class
of preferred stock of the Corporation, whether presently outstanding or
hereafter issued, except for a class of preferred

stock which, by its
terms, is stated to be senior to or pari passu with the Series A Preferred Stock
as to ranking and liquidation preference. A merger, reorganization or other
transaction will be treated as a Liquidation Event if such results in a Change
of Control, unless the holders of Series A Preferred Stock determine that such
transaction shall not be deemed a Liquidation Event.

     Section 3.
Ranking.

     All shares of Series A Preferred
Stock shall rank as to payment of Liquidation Amount, upon the occurrence of a
Liquidation Event, senior to the common stock and any shares of any other series
or class of preferred stock of the Corporation, whether presently outstanding or
hereafter issued, except for a class of preferred stock which, by its terms, is
stated to be senior to or pari passu with the Series A Preferred Stock as to
ranking and liquidation preference. If upon any Liquidation Event, whether
voluntary or involuntary, the assets to be distributed to the holders of the
Series A Preferred Stock shall be insufficient to permit the payment to such
shareholders of the full Liquidation Amount, then all of the assets of the
Corporation to be distributed shall be so distributed ratably to the holders of
the Series A Preferred Stock on the basis of the respective Liquidation Amounts
of the outstanding shares of Series A Preferred Stock held by such
holders.

     Section 4.
Redemption.

          (a) Optional Redemption. The Corporation shall have the
right, but not the obligation, to purchase, call, redeem or otherwise acquire
for value any or all of the shares of Series A Preferred Stock at any time upon
payment of an amount per share equal to the Liquidation Amount to and including
the date on which the Series A Preferred Stock are to be redeemed. Any partial
redemption shall be made on a pro rate basis. Such right shall be exercised by
providing written notice to any such remaining holders, specifying the number of
shares of Series A Preferred Stock to be redeemed and the date on which such
redemption shall occur, which date shall not be less than forty-five (45) days
following the date the Corporation delivers such notice of exercise. Upon
surrender of each affected holder's shares of Series A Preferred Stock, duly
endorsed, together with such other instruments as the Corporation may reasonably
require to insure that such shares of Series A Preferred Stock are duly and
validly transferred to the Corporation, free of all Liens, the Corporation shall
pay to each surrendering holder an amount in cash or other immediately available
funds equal to the Liquidation Amount multiplied by the number of shares of
Series A Preferred Stock that have been surrendered for redemption for such
holder. For these purposes, "Lien" means any
charge, claim, community or other marital property interest, condition,
equitable interest, lien, option, pledge, security interest, right of first
option, right of first refusal or similar restriction, including any restriction
on use, voting (in the case of any security or equity interest), transfer,
receipt of income or exercise of any other attribute of ownership.

          (b) Available Funds. If the funds of the Corporation
legally available for redemption of shares of Series A Preferred Stock on the
Payment Date are insufficient to redeem all of the shares of Series A Preferred
Stock on such date, or, if the Corporation, for any reason whatsoever, refuses
to redeem all of the shares of Series A Preferred Stock those funds that are
legally available for redemption will be used to redeem the maximum possible
number of shares of Series A Preferred Stock ratably among the holders thereof
on the basis of the aggregate

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Liquidation Amount of
the shares of Series A Preferred Stock held by each such holder as compared to
the aggregate Liquidation Amount of all then-outstanding shares of Series A
Preferred Stock. Shares of Series A Preferred Stock not so redeemed shall
continue to be outstanding. At the earliest time thereafter as additional funds
of the Corporation are legally available for redemption of shares of Series A
Preferred Stock in the manner provided above, such funds will be immediately
used to redeem the balance of the Series A Preferred Stock in accordance with
the preceding sentence.

     Section 5.
Voting Rights.

     Except as otherwise provided by law,
Series A Preferred Stock shall not be entitled to voting rights and shall not be
entitled to vote on matters submitted to a vote of the Corporation's
shareholders. Notwithstanding the foregoing, any amendment to the Certificate of
Incorporation of the Corporation that adversely affects the ranking, dividend
rights, liquidation preference, redemption or voting rights, or Board rights
with respect to the Series A Preferred Stock, or would alter or change any other
powers, preferences or special rights of the Series A Preferred Stock, shall
require the approval of the holders of a majority of the outstanding Series A
Preferred Stock.

     Section 6.
Status of Acquired Shares.

     Shares of Series A Preferred Stock
received upon redemption, purchase or otherwise acquired by the Corporation will
be retired and cancelled restored to the status of authorized but unissued
shares of Preferred Stock, without designation as to class or series, and may
thereafter be issued, but not as shares of Series A Preferred
Stock.

     We further declare under penalty of
perjury under the laws of the State of California that the matters set forth in
this certificate are true and correct and of our own knowledge. Executed at San
Diego, California on January 9, 2006.

	By: 	  /s/ Steven P. Wyandt 
	 	Steven P. Wyandt,
      Chairman 
	 
	 
	By: 	  /s/ Paul M. Wyandt 
	 	Paul M. Wyandt,
      Secretary 

- 3 -

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