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Exhibit 4.2(a)    
  

David R. Pomije

801 Tonkawa Road

Long Lake, MN 55356  

March 31,
2002 

Stanley
A. Bodine

2nd Swing, Inc.

5810 Baker Road

Minnetonka, Minnesota 55345

	Re:	 	Mezzanine Financing Letter Agreement

Dear
Stan: 

        As
you know, 2nd Swing, Inc. (the "Company") and David R. Pomije (herein referred to as
"my" "me" or "I") have previously entered into a Letter
Agreement relating to certain Mezzanine Financing (the "Former Letter Agreement"). Pursuant to the Former Letter Agreement, the Company issued a
Promissory Note dated November 1, 2001, in the original principal amount of $5,000,000.00 (the
"Former Note"). As of the date hereof, the balance on the Former Note is $4,550,000.00 plus interest of $46,363.14. 

        The
Company and I have agreed to terms for a new agreement evidenced and memorialized by this letter (the "Mezzanine Letter Agreement") as
follows: 

        1.    On
or about March 31, 2002, the Company will pay down the principal balance of the Former Note by an amount equal to $1,050,000.00, plus all accrued but unpaid
interest on the Former Note as of such date. The remaining balance of the Former Note in the amount of $3,500,000 shall be payable pursuant to a new note (as defined and described below). 

        2.    As
of March 31, 2002, the Former Note will be cancelled and the Company will execute and deliver a new note in the amount of $3,500,000.00 (the
"Mezzanine Note"), in the form attached hereto and incorporated herein by reference as Exhibit A. The Mezzanine Note shall bear interest at the
rate of twelve percent (12%) per annum and shall be payable in monthly interest-only payments on the first day of each month during the term thereof beginning on May 1, 2002. The
entire balance of the Mezzanine Note will be due and payable in full on June 1, 2003 (the "Maturity Date"). The Mezzanine Note will also provide
that in the event the Company prepays all or part of the principal of such Mezzanine Note (but no prepayment shall be less than $100,000 and shall be in $10,000 increments above $100,000) prior to the
Maturity Date, I, or my assigns, will re-loan the Company up to the $3,500,000.00 principal amount, but any such re-lending will nonetheless become due and payable in full,
together with accrued interest, on the Maturity Date. I, or my assigns, shall have no obligation to re-lend the Company any additional amount if there exists an Event of Default, as
defined in the Mezzanine Note, until such Event of Default is cured. In the event a third party lender loans funds to the Company as a working capital line in the amount of $1,000,000.00 or more and
has taken a security interest in, among other things, the Company's inventory and accounts receivable, or other assets, and if the holder of the Mezzanine Note requests a secured interest in the
Company inventory, accounts receivable, and other assets of the Company, the Company shall grant such request and execute and deliver a security agreement containing customary terms and conditions to
grant such secured interest to the Mezzanine Note holder, but such secured interest shall be secondary to and subordinate to any third party lender of working capital funds and having or requiring a
secured interest in the inventory and accounts receivable or other assets of the Company. The Mezzanine Note holder shall execute a subordination agreement provided by the working capital line lender
having or requiring a prior secured interest or a secured interest having priority over the holder of the Mezzanine Note. 

 

        3.    The
Company will grant me 350,000 warrants to purchase common voting shares of the Company, par value $0.01, at a per share price of $2.75, for a term of ten
(10) years, in consideration for the financial accommodations made pursuant to this Mezzanine Letter Agreement, pursuant to the terms of a Warrant Agreement (the
"Warrant"), attached hereto and incorporated herein by reference as Exhibit B. In the event of an assignment as provided in paragraph 4
hereafter of all or part of the Mezzanine Note, all or part of the Warrant may also be assigned to the assignee as I may direct. 

        4.    In
the event that I desire to assign all or part of the Mezzanine Note, the Company agrees to permit such assignment of the Mezzanine Note and all or part of the Warrant
as I direct, provided that the minimum principal balance which may be assigned is $500,000.00 and that such assignee is an "accredited investor" as defined under the federal securities laws. 

        5.    The
Company agrees to reimburse me, or my assigns, upon demand for all reasonable out-of-pocket expenses, including reasonable attorneys' fees, in
connection with enforcement by me, or my assigns, of the obligations of the Company under this Mezzanine Letter Agreement and the Mezzanine Note. 

        6.    This
Mezzanine Letter Agreement shall supersede and void the Former Letter Agreement. 

        Please
indicate your acceptance of these terms and conditions by signing and returning the enclosed copy of this letter. 

Thank
you. 

Best
regards. 

Very
truly yours, 

David
R. Pomije 

Acceptance

        This
1st day of April, 2002, 2nd Swing, Inc., a Minnesota corporation, hereby accepts, ratifies and confirms the above terms and conditions of the
Mezzanine Letter Agreement and agrees to be bound by the terms of the Mezzanine Letter Agreement and the instruments referenced therein. 

	 	 	2ND SWING, INC.
	

 	
 	
By	
 	

 
	 	 	 	 	
 Stanley A. Bodine
 Its Chief Executive Officer

2

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Exhibit 4.2(a)QuickLinks
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Exhibit 4.2(b)  

 
 

WORKING CAPITAL REVOLVING PROMISSORY NOTE    
  

	$1,500,000.00	 	Minneapolis, Minnesota

March 31, 2002

        FOR VALUE RECEIVED, the undersigned, 2ND SWING, INC., a Minnesota corporation
("Maker"), 5810 Baker Road, Minnetonka, Minnesota 55345, hereby promises to pay to the order of DAVID R.
POMIJE ("Lender" or "Holder"), at his office at 801 Tonkawa Road, Long Lake, MN
55356, or at such other address as the Holder hereof may from time to time designate in writing, the principal sum of One Million Five Hundred Thousand Dollars ($1,500,000), or, if less, the aggregate
unpaid principal amount of all advances made by Lender to the Maker, together with interest on the unpaid principal balance from the date hereof at a per annum rate equal to twelve percent (12%),
calculated on the basis of a year consisting of 365 days. Interest only shall be paid until the Maturity Date (hereinafter defined) in monthly installments on the first of each month beginning
on May 1, 2002, and continuing on the first day of each month thereafter. The Maker shall also pay interest on any overdue installment of principal from the date due thereof until paid at an
interest rate per annum equal at all times to two percent (2%) per annum in excess of the interest rate set forth above. No provision of this Note shall require the payment or permit the collection of
interest in excess of the rate permitted by applicable law. Advances by Lender under this Note are at Lender's sole discretion and the Maker understands and acknowledges that Lender has no binding
obligation to fund this Note in whole or in part. 

        The
principal balance under this Note, together with all interest accrued thereon, shall be due and payable one year after the date hereof (the "Maturity
Date"). 

        The
principal amount hereof, together with accrued, unpaid interest hereon, may be prepaid at any time and from time to time without premium or penalty. 

        Upon
the request of Lender, the Company shall grant to Lender a security interest in the Company's inventory and shall execute a security agreement with customary terms and conditions
therefor. 

        All
payments, including prepayments, under this Note, shall be applied first against accrued interest and thereafter in reduction of principal. If any one or more of the following events
("Events of Default") shall occur, then, in any such event, if such Event of Default is not cured within ten (10) days after the Holder hereof
provides the Maker with written notice by United States Mail of such Event of Default, the Holder hereof may, at his option, declare this Note to be immediately due and payable together with all
unpaid interest accrued hereon, without further notice or demand, and, in the case of the occurrence of any of the events described in paragraphs (d) or (e) below, this Note shall become
automatically due and payable, including unpaid interest accrued hereon, without notice or demand: 

        (a)  The
Maker shall default in the due and punctual payment of any installment of interest on this Note when the same shall become due and payable; or 

        (b)  There
shall be entered against Maker one or more judgments in the amount at any one time outstanding in excess of $100,000, excluding those judgments that shall have
been satisfied, vacated, discharged or stayed or bonded pending appeal, which stay or bond shall have been effective on or before the date on which time for appeal of the judgment or order has
expired; or 

        (c)  Default
in the due observance or performance of any covenant, condition or agreement on the part of the Maker to be observed or performed pursuant to the terms of this
Note; or 

        (d)  The
Maker shall (i) apply for or consent to the appointment of a receiver, trustee or liquidator for any of the Maker's properties or assets; (ii) admit in
writing the Maker's inability to pay the Maker's debts as they mature; (iii) make a general assignment for the benefit of creditors; 

 

(iv) be adjudicated bankrupt or insolvent; or (v) file a voluntary petition in bankruptcy, or a petition or an answer seeking reorganization or an arrangement with creditors to
take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute,
or an answer admitting the material allegations of a petition filed against the Maker in any proceeding under any such law; or 

        (e)  An
order, judgment or decree shall be entered, without the application, approval, or consent of the Maker, by any court of competent jurisdiction, approving a petition
seeking the reorganization or liquidation of the Maker or all or a substantial part of the properties or assets of the Maker, or appointing a receiver, trustee or liquidator of the Maker, and such
order, judgment or decree shall continue unstayed and in effect for any period of ten days; or 

        (f)    Any
action or proceeding shall be commenced by any person or entity seeking to avoid or recover any payment heretofore or hereafter made to the Lender or in respect of
this Note or the claim satisfied by the delivery of this Note. 

        In
the event a third party lender provides a working capital loan to the Maker in the amount of $1,000,000 or more and secures such loan with the Maker's inventory and accounts
receivable, among other things, such note proceeds shall be first used to pay off the principal balance due plus accrued interest on this Note and upon such payment, this Note shall become void and
inoperative. 

        No
failure or delay on the part of the Holder of this Note in exercising any power or any right under this Note shall operate as a waiver thereof, nor shall any single or partial
exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right. No notice to or demand on the Maker in any case shall entitle the Maker
to any notice or demand in similar or other circumstances. 

        The
Maker agrees to reimburse the Holder of this Note upon demand for all reasonable out-of-pocket expenses, including reasonable attorneys' fees, in connection
with such Holder's enforcement of the obligations of the Maker hereunder. 

        This
Note is delivered pursuant to an Mezzanine Letter Agreement under date of March 31, 2002 (the "Mezzanine Letter Agreement"),
in which the Holder agreed to provide mezzanine financing to the Maker under terms and conditions set forth in the Mezzanine Letter Agreement. 

        Presentment
and demand for payment, notice of dishonor, protest and notice of protest are hereby waived. 

        This
Note shall be governed by and construed in accordance with the internal laws of the State of Minnesota (without giving effect to the conflicts of law principles thereof). The Maker
submits to the jurisdiction of the courts of the State of Minnesota and the federal courts of the United States located
in such state in respect of all actions arising out of or in connection with the interpretation or enforcement of this Note, waives any argument that venue in such forums is not convenient and agrees
that any actions initiated by the Maker shall be venued in such forms. 

	 	 	2ND SWING, INC.,

A MINNESOTA CORPORATION
	

 	
 	

By:	
 	

    
 Stanley A. Bodine
 Its Chief Executive Officer

2

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WORKING CAPITAL REVOLVING PROMISSORY NOTE

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