Document:

First Amendment to Financing Agreement

 Exhibit 10.11 
  
  
 FIRST AMENDMENT TO 
 FINANCING AGREEMENT AND WAIVER 
  
 This FIRST AMENDMENT TO FINANCING AGREEMENT AND WAIVER (this “Amendment”), dated as of March 1, 2004, is entered into by and among HALL
KINION & ASSOCIATES, INC., a Delaware corporation (“HKA”), GROUP-IPEX, INC., a California corporation (“Ipex”), ONSTAFF ACQUISITION CORP., a Delaware corporation (“Onstaff” and together with HKA
and Ipex, each individually, a “Company” and collectively, jointly and severally, the “Companies”), and THE CIT GROUP/BUSINESS CREDIT, INC., a New York corporation (“CIT”). 
  
 RECITALS 
  
 A. The Companies and CIT previously entered into that certain Financing Agreement dated as of June 13, 2003 (the
“Financing Agreement”), pursuant to which CIT provides loans and other financial accommodations to the Companies from time to time. 
  
 B. The Companies have requested that CIT waive compliance with and amend certain terms of the Financing Agreement and provide the Companies with certain
other accommodations. 
  
 C. CIT is willing to agree to such
waiver and amendments to the Financing Agreement and to provide such other accommodations all on the terms and subject to the conditions set forth below. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the foregoing, the mutual covenants and agreements set forth below and other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
  
 1. Definitions. Capitalized terms used herein and not otherwise defined herein, shall have the respective meanings set forth in the Financing Agreement. 
  
 2. Waiver. As of the end of January 2004 and February 2004, the
Companies were not in compliance with the covenant set forth in Section 7.10(b) of the Financing Agreement. As a result thereof, Events of Default have occurred under the Financing Agreement. CIT hereby waives compliance by the Companies with such
covenant solely with respect to the months ending January 31, 2004 and February 29, 2004 and agrees that such noncompliance shall not constitute Events of Default under the Financing Agreement 

 3. Amendments. 
  
 (a) The definition of “Empire House Reserve” set forth in Section 1 of the Financing Agreement is hereby amended
and restated in its entirety to read as follows: 
  
 “Empire House Reserve shall mean an Availability Reserve in an amount equal to one hundred percent (100%) of the proceeds derived from the sale of the Empire House.” 
  
 (b) Clause (ii) of Section 7.9(c) of the Financing Agreement is hereby
amended and restated in its entirety to read as follows: 
  
 “(ii) either all or substantially all of any of the Companies’ assets, which do not constitute Collateral, provided, that HKA may sell the Empire House for fair market value in an arms length transaction on terms satisfactory to
CIT, so long as the net proceeds derived from such sale are delivered to CIT for application on the outstanding Revolving Loans and the Empire House Reserve is established immediately after such sale is consummated;” 
  
 4. Overadvance Facility. As an accommodation to the Companies, CIT
will within the Line of Credit and so long as no Default or Event of Default has occurred under the Financing Agreement, from time to time during the period from March 12, 2004 through April 16, 2004, make available to the Companies loans and
advances in excess of the maximum amount available to the Companies as computed pursuant to Section 3.1 of the Financing Agreement (the “Overadvance Facility”); provided that, (a) the aggregate outstanding amount under
such Overadvance Facility shall not exceed $600,000 at any time, (b) such Overadvance Facility shall be reduced to zero and repaid in full upon the earlier of April 16, 2004 or the termination of the Financing Agreement and (c) such Overadvance
Facility shall (i) be made subject to, and in accordance with, all of the terms, provisions and conditions of the Financing Agreement, (ii) bear interest at the rate set forth in Section 8 of the Financing Agreement and (iii) constitute Obligations
under the Financing Agreement and be secured by all liens upon, and security interest in, all Collateral and any other assets or property now or hereafter subject to a lien or security interest securing the Obligations. 
  
 5. Conditions to Effectiveness. This Amendment shall become effective
only upon the satisfaction of all of the following conditions precedent (the date of satisfaction of all such conditions being referred to as the “Amendment Effective Date”): 
  
 (a) CIT shall have received this Amendment, duly executed and
delivered by the Companies no later than March 3, 2004. 
  
 (b) Each of the representations and warranties set forth in this Amendment shall be true and correct as of the Amendment Effective Date. 
  
 6. Representations and Warranties. In order to induce CIT to enter into this Amendment and to provide the waiver and
accommodations and amend the Financing 

 Agreement in the manner provided in this Amendment, the Companies represent and warrant to CIT as of the Amendment
Effective Date as follows: 
  
 (a) Power and
Authority. Each Company has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Financing Agreement as amended by this Amendment.

  
 (b) Authorization of Agreements. The
execution and delivery of this Amendment by the Companies and the performance by the Companies of the Financing Agreement, as amended hereby, have been duly authorized by all necessary action, and this Amendment has been duly executed and delivered
by each Company. 
  
 (c) Representations and
Warranties in the Financing Agreement. Each Company confirms that as of the Amendment Effective Date, the representations and warranties contained in Section 7 of the Financing Agreement are (before and after giving effect to this Amendment)
true and correct in all material respects (except to the extent any such representation and warranty is expressly stated to have been made as of a specific date, in which case it shall be true and correct as of such specific date) and that no
Default or Event of Default has occurred and is continuing. 
  
 7.
Miscellaneous. 
  
 (a) Reference to and
Effect on the Existing Financing Agreement. 
  
 (i) Except as specifically amended by this Amendment and the documents executed and delivered in connection herewith, the Financing Agreement shall be unmodified and continue in full force and effect and is hereby ratified and confirmed.

  
 (ii) The execution and delivery of this
Amendment and performance of the Financing Agreement shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of CIT under, the Financing Agreement or any agreement
or document executed in connection therewith. 
  
 (iii) Upon the conditions precedent set forth herein being satisfied, this Amendment shall be construed as one with the existing Financing Agreement, and the existing Financing Agreement shall, where the context requires, be read and
construed throughout so as to incorporate this Amendment. 
  
 (b) Accommodation Fee. To further induce CIT to enter into this Amendment, the Companies hereby agree to pay to CIT an accommodation fee of $25,000, which fee shall be due and payable by the Companies and fully
earned by CIT as of the date hereof. 

 (c) Headings. Section and subsection headings in this Amendment are included for
convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 
  
 (d) Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same instrument. Delivery of an executed counterpart of this Amendment by telefacsimile shall be equally effective as delivery of an original executed counterpart of this Amendment. 
  
 (e) Governing Law. This Amendment shall be governed
by and construed according to the laws of the State of California. 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date first above
written. 
  

			
	HALL, KINION &ASSOCIATES, INC.,
	 a Delaware corporation

		
	 By:
	  	 /S/    DAVE HEALEY

	 Name:
	  	Dave Healey
	 Title:
	  	Treasurer
	
	GROUP-IPEX, INC.,
	 a California corporation

		
	 By:
	  	 /S/    DAVE HEALEY

	 Name:
	  	Dave Healey
	 Title:
	  	Treasurer
	
	ONSTAFF ACQUISITION CORP.,
	 a Delaware corporation

		
	 By:
	  	 /S/    DAVE HEALEY

	 Name:
	  	Dave Healey
	 Title:
	  	Treasurer
	
	THE CIT GROUP/BUSINESS
	CREDIT, INC.,
	 a New York corporation

		
	 By:
	  	 /S/    JEANNETTE M. BEHM

	 Name:
	  	Jeannette M. Behm
	 Title:
	  	Vice President

 Each of the undersigned confirms that the foregoing Amendment shall not affect, modify or diminish
such undersigned’s obligations under any instruments of Guaranty and/or any related pledge or security agreements executed in favor of CIT, that their respective Guaranty and/or any related pledge or security agreements shall extend to and
include the Overadvance Facility and reaffirms and ratifies each of the terms and conditions of such Guaranty and/or related pledge or security agreements. 
  

							
	TKO PERSONNEL, INC.	  	ICPLANET CORPORATION
				
	By:	  	 /s/    Dave Healey

	  	By:	  	 /S/    DAVE HEALEY

	 Name:
	  	Dave Healey	  	Name:	  	Dave Healey
	 Title:
	  	Treasurer	  	Title:	  	Treasurer
		
	TKI ACQUISITION	  	HUNTINGTON
	CORPORATION	  	ACQUISITION
	 	  	 	  	CORPORATION
				
	 By:
	  	 /S/    DAVE HEALEY

	  	By:	  	 /S/    DAVE HEALEY

	 Name:
	  	Dave Healey	  	Name:	  	Dave Healey
	 Title:
	  	Treasurer	  	Title:	  	Treasurer
		
	INTERACTIVE ACQUISITION	  	TA ACQUISITION CORPORATION
	CORPORATION	  	 	  	 
				
	 By:
	  	 /S/    DAVE HEALEY

	  	By:	  	 /S/    DAVE HEALEY

	 Name:
	  	Dave Healey	  	Name:	  	Dave Healey
	 Title:
	  	Treasurer	  	Title:	  	Treasurer

  
  

 6Amendment No. 2 to Amended and Restated Loan and Security Agreement

 Exhibit 10.38 
  
 AMENDMENT NO. 2 TO AMENDED AND RESTATED 
 LOAN AND SECURITY AGREEMENT 
  
 THIS AMENDMENT NO. 2 TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Amendment”) is made as of January 16, 2004, between CIT Group/Equipment Financing, Inc. (“Secured Party”) and
Resorts International Hotel, Inc. (“Debtor”). 
  
 PRELIMINARY STATEMENTS 
  
 A. Pursuant to the Amended and Restated Loan and Security Agreement dated as of June 24, 2002, as amended by Amendment No. 1, dated September 22, 2003 (“Amendment No. 1”) (as may be further amended, supplemented or
modified from time to time, the “Loan Agreement”), by and between Debtor and Secured Party, Secured Party agreed to make certain Loans to Debtor upon the terms and conditions set forth therein. 
  
 B. Debtor and Secured Party desire to make certain amendments to the Loan
Agreement, based on the terms and subject to the conditions set forth herein. 
  
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Debtor and Secured Party agree as follows: 
  
 1. Capitalized terms used in this Amendment shall have the same meanings
given them in the Loan Agreement, unless otherwise defined herein. 
  
 2. Section 5 of Amendment No. 1 is hereby amended and restated in its entirety to read: 
  
 “5. (a) If that certain guaranty in the form attached hereto as Exhibit A (the “KINA Guaranty”) and that certain
Subordination Agreement in the form attached hereto as Exhibit B (the “Subordination Agreement”) are each entered into by all the parties thereto and a true, complete and correct copy of the KINA Guaranty and the
Subordination Agreement as so executed is delivered to Secured Party, then so long as the KINA Guaranty and the Subordination Agreement remain in full force and effect, the entering into the KINA Guaranty by each member of the Debtor Group shall not
constitute a breach of Section 7.4 or Section 7.7 of the Loan Agreement or Section 4 of the Guaranty. 
  
 (b) The parties acknowledge and agree that (i) the Subordination Agreement constitutes a Relevant Document, and (ii) subject to the
immediately succeeding clause (c), (A) the KINA Guaranty and the Guarantee Obligations (as defined in the KINA Guaranty) constitute Senior Debt, and (B) the KINA Guaranty and the Documents evidencing such Guarantee Obligations (including, without
limitation, the Transaction Documents (as defined in the Kerzner Umbrella Agreement (as defined below)) constitute Senior Debt Documents, provided that, to avoid doubt, notwithstanding the labels “Senior Debt” and “Senior Debt
Documents,” nothing in the Loan Agreement (including, without limitation, this Amendment) shall modify or limit in any respect the subordination by Kerzner International North America, Inc. (“KINA”) to and for the
benefit of Secured Party under the Subordination Agreement in accordance with its terms. 
  

 (c) So long as none of the members of the Debtor Group make any payment or other transfer
of money or other assets of any kind or nature to any Holder (as defined in the KINA Guaranty) in respect of any of the Guarantee Obligations (as defined in the KINA Guaranty) and the Subordination Agreement remains in full force and effect, then,
the parties agree that the Guaranty and such Guarantee Obligations shall not constitute (i) a Fixed Charge solely for purposes of Section 7.5 of the Loan Agreement or (ii) Senior Debt solely for purposes of Section 7.6 of the Loan Agreement .

  
 (d) Without the prior written consent of
Secured Party, neither Guarantor nor Debtor shall (and each shall cause each other member of the Debtor Group not to) enter into any agreement or other arrangement that will or will have the effect of amending, modifying or supplementing in any
respect (i) on or prior to the effectiveness of the Transaction Documents (as defined in the Kerzner Umbrella Agreement), the Kerzner Umbrella Agreement (including, without limitation, any Exhibit attached thereto) and (ii) after the effectiveness
of such Transaction Documents, the scope of the obligations being guaranteed under the KINA Guaranty. Whether or not the consent of Secured Party is required pursuant to the immediately preceding sentence, Guarantor and Debtor shall (and each shall
cause each other member of the Debtor Group to) deliver to Secured Party a true, complete and correct copy of each document that in any respect amends, modifies, supplements or terminates the KINA Guaranty or the other Transaction Documents (as
defined in the Kerzner Umbrella Agreement) no later than two business days prior to the date on which any such member of the Debtor Group executes such document.” 
  
 3. Section 9.1 of the Loan Agreement is hereby amended to insert new clauses (k) and (l) to read in their entirety as
follows: 
  
 “(k) KINA Debt. (i) the occurrence of
any KINA Default (as defined in the Subordination Agreement), or (ii) the occurrence of any event or the existence of any condition that gives rise to the right of any Holder (as defined in the KINA Guaranty) to be paid any principal payment under
any Note (as defined in the KINA Guaranty) on or prior to the Satisfaction Date (as defined in the Subordination Agreement), whether or not such Holder makes demand for or waives such payment (including, without limitation, any such rights that
arise under Section 2.3 (Mandatory Prepayment) or Section 4.2 (Remedies) under such Note), or (iii) any payment or other transfer of money or other assets of any kind or nature to any Holder (as defined in the KINA Guaranty) by any member of the
Debtor Group in respect of any of the Guarantee Obligations (as defined in the KINA Guaranty) prior the Satisfaction Date. 
  
 (l) Subordination Agreement. Any breach by member of the Debtor Group of any of the terms of the Subordination Agreement.” 
  
 4. Pursuant to Section 15.7(a) of the Loan Agreement Debtor agrees to pay all
the reasonable legal fees and expenses incurred by Secured Party in connection with the negotiation, preparation, execution and delivery of this Amendment (the “Relevant Legal Fees”). Accordingly, upon receipt by Debtor of an
invoice for the Relevant Legal Fees from Secured Party’s counsel, Sills Cummis Epstein & Gross P.C., Debtor shall pay the same. 
  

 5. In order to induce Secured Party to enter into this Amendment, Debtor hereby represents and warrants
that: 
  
 (a) Except as set forth herein, no
Event of Default has occurred and is continuing or will occur after giving effect to the transactions contemplated by this Amendment. 
  
 (b) this Amendment has been duly authorized, executed and delivered by Debtor and constitutes its legal, valid and binding obligation,
enforceable in accordance with its terms; 
  
 (c)
the Loan Agreement and each of the Relevant Documents, after giving effect to this Amendment and the transactions contemplated hereby, continue to be in full force and effect and to constitute the legal, valid and binding obligations of Debtor,
enforceable against Debtor in accordance with their respective terms; and 
  
 (d) the representations and warranties made by Debtor in or pursuant to the Loan Agreement or any Relevant Document, or which are contained in any certificate, document or financial or other statement furnished at any
time under or in connection herewith or therewith, are true and correct in all material respects on and as of the date hereof, as though made on and as of such date. 
  
 6. This Amendment shall become effective as of January 16, 2004 upon receipt by Secured Party of (a) four (4) originals of
this Amendment executed by each member of the Debtor Group party hereto and an original of this Amendment executed by Secured Party; (b) such other documents, instruments and certificates as Secured Party may reasonably request, in form and
substance reasonably satisfactory to Secured Party (including, without limitation, incumbency certificates, UCC-1 financing statements, UCC, judgment and tax lien searches, charter documents and certificates of good standing); (c) payment of the
Relevant Legal Fees; and (d) the entering into by Debtor Group, Colony RIH Holdings, Inc., Resorts Real Estate Holdings, Inc. and KINA of the Agreement in the form attached hereto as Exhibit C (the “Kerzner Umbrella
Agreement”). 
  
 7. Debtor hereby confirms that all
liens granted on the Collateral shall continue unimpaired and in full force and effect. 
  
 8. This Amendment may be executed in several counterparts, each of which, when executed and delivered, shall be deemed an original, and all of which together shall constitute one agreement. Any signature delivered by
a party by facsimile transmission shall be deemed to be an original signature hereto. 
  
 9. This Amendment shall be governed by and construed in accordance with the laws of the State of New Jersey without giving effect to principles of conflicts of law. This Amendment shall be binding upon and inure to
the benefit of Debtor, Secured Party, and their respective successors and permitted assigns. 
  
 10. From and after the effectiveness hereof, all references to the Loan Agreement in the Loan Agreement or in any Relevant Document shall mean the Loan Agreement as amended and modified by this Amendment. 

 
 11. Except as amended and otherwise modified by this Amendment, the Loan
Agreement and the Relevant Documents shall remain in full force and effect in accordance with their respective terms. Except as expressly provided herein, this Amendment shall not constitute an amendment, waiver, consent or release with respect to
any provision of the Loan Agreement or any Relevant Document, a waiver of any Event of Default thereunder, or a waiver or release of any of Secured Party’s rights or remedies (all of which are hereby reserved). Debtor expressly ratifies and
confirms the waiver of jury trial and other provisions of Section 15.2 of the Loan Agreement. 
  
  
 [NO FURTHER TEXT ON THIS PAGE: SIGNATURE PAGES FOLLOW] 
  

 IN WITNESS WHEREOF, the Parties have caused this Amendment to be duly executed, all as of the day and
year first above written. 
  

			
	Debtor:
	
	Resorts International Hotel, Inc.
		
	By:	 	 /s/ Audrey S. Oswell

	 	 	

	 Name/Title:      Audrey S. Oswell
                          President and CEO

  

			
	Secured Party:
	
	CIT Group/Equipment Financing, Inc.
		
	By:	 	 /s/ Troy D. Adair

	 	 	

	 Name/Title:      Troy D. Adair
                          Senior Credit Analyst

  
 The undersigned
affirms and agrees that (i) its obligations under the Guaranty and Suretyship Agreement, dated June 24, 2002, for the benefit of Secured Party shall be unimpaired by this Amendment and (ii) such obligations remain unaltered and in full force and
effect and are hereby ratified and confirmed. 
  
 IN WITNESS
WHEREOF, the undersigned has caused this Amendment to be duly executed, all as of the day and year first above written. 
  

			
	Guarantor:
	
	Resorts International Hotel and Casino, Inc.
		
	By:	 	 /s/ Audrey S. Oswell

	 	 	

	 Name/Title:      Audrey S. Oswell
                          President and CEO

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