Document:

Waiver to Credit Agreement

 Exhibit 10.1 
  
 WAIVER TO CREDIT AGREEMENT 
  
 THIS WAIVER TO CREDIT AGREEMENT (this “Waiver Agreement”) is made and entered into as of April 25,
2005, by and among REWARDS NETWORK INC., a Delaware corporation (the “Borrower”), BANK OF AMERICA, N.A., a national banking association organized and existing under the laws of the United States (“Bank of
America”), in its capacity as administrative agent for the Lenders (as defined in the Credit Agreement (as defined below)) (in such capacity, the “Agent”) and as the L/C Issuer, each of the Lenders signatory hereto, and
each of the Guarantors (as defined in the Credit Agreement) signatory hereto. 
  
 W I T N E S S E T H: 
  
 WHEREAS, Agent, the lenders party thereto (collectively, the “Lenders” and individually each a “Lender”) and Borrower have entered into that certain Credit Agreement dated as of November 3, 2004 (as
from time to time amended, restated, amended and restated, extended, supplemented, modified or replaced, the “Credit Agreement”; capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such
terms in the Credit Agreement), pursuant to which the Lenders have agreed to make and have made available to Borrower a revolving credit facility in an aggregate principal amount of $50,000,000; and 
  
 WHEREAS, each of the Guarantors has entered into a Guaranty pursuant
to which it has guaranteed the payment and performance of the obligations of Borrower under the Credit Agreement and the other Loan Documents; and 
  
 WHEREAS, Borrower has requested, among other things, that Defaults or Events of Default related to certain covenants under the Credit Agreement be
waived, each in the manner set forth herein, and Agent and the Lenders party hereto, subject to the terms and conditions contained herein, are willing to effect such waiver on the terms and conditions contained in this Waiver Agreement; 

 
 NOW, THEREFORE, in consideration of the premises and further
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 
  
 1. Waiver. Agent and each Lender hereby waive any and all Defaults or Events of Default pursuant to Section 8.01(b) of the Credit Agreement
having occurred or to occur as a result of a breach of Sections 6.12(a) and 6.12(b) of the Credit Agreement for the quarterly accounting period of Borrower ended March 31, 2005. The waiver set forth in this Section 1 is limited
to the extent specifically set forth above and shall in no way serve to waive compliance with Section 6.12(a) or Section 6.12(b) of the Credit Agreement for any other accounting period or to waive any other terms, covenants or
provisions of the Credit Agreement or any other Loan Document, or any obligations of Borrower, other than as expressly set forth above. Furthermore, the waiver set forth in this Section 1 shall in no way serve as a waiver of a Default for
purposes of, and such waiver shall not constitute satisfaction of, Section 4.02(b) of the Credit Agreement with respect to any Credit Extension or Request for Credit Extension by Borrower. 

 2. Conditions to Effectiveness. The effectiveness of this Waiver Agreement and the waivers
provided herein are subject to the satisfaction of the following conditions precedent: 
  
 (a) Agent shall have received each of the following documents or instruments in form and substance reasonably acceptable to the Agent:

  
 (i) four (4) original counterparts of this
Waiver Agreement, duly executed by Borrower, each Guarantor, Agent and the Required Lenders; and 
  
 (ii) such other documents, instruments, opinions, certifications, undertakings, further assurances and other matters as Agent shall
reasonably request; and 
  
 (b) all fees and
expenses payable to Agent and the Lenders (including the fees and expenses of counsel to Agent) estimated to date shall have been paid in full (without prejudice to final settling of accounts for such fees and expenses). 
  
 Upon satisfaction of the conditions set forth in this Section 2, this Waiver Agreement
shall be effective as of the date hereof. 
  
 3. Consent of the
Guarantors. Each Guarantor hereby consents, acknowledges and agrees to the waivers set forth herein and hereby confirms and ratifies in all respects the Guaranty to which such Guarantor is a party (including without limitation the continuation
of such Guarantor’s payment and performance obligations thereunder upon and after the effectiveness of this Waiver Agreement and the waivers contemplated hereby) and the enforceability of such Guaranty against such Guarantor in accordance with
its terms. 
  
 4. Representations and Warranties. In order
to induce Agent and the Lenders to enter into this Waiver Agreement, the Borrower represents and warrants to Agent and the Lenders as follows: 
  
 (a) The representations and warranties of Borrower and each other Loan Party contained in Article V or any other Loan Document
shall be true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date,
and except that for purposes of this Section 4(a), the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement; 
  
 (b) Since the date of the most recent financial reports of the Borrower delivered pursuant to Section 6.01 of the Credit Agreement,
no act, event, condition or circumstance has occurred or arisen which, singly or in the aggregate with one or more other acts, events, occurrences or conditions (whenever occurring or arising), has had or could reasonably be expected to have a
Material Adverse Effect; 
  

 - 2 - 

 (c) The Persons appearing as Guarantors on the signature pages to this Waiver Agreement
constitute all Persons who are required to be Guarantors pursuant to the terms of the Credit Agreement and the other Loan Documents, including without limitation all Persons who became Subsidiaries or were otherwise required to become Guarantors
after the Closing Date, and each of such Persons has become and remains a party to a Guaranty as a Guarantor; 
  
 (d) This Waiver Agreement has been duly authorized, executed and delivered by Borrower and the Guarantors party hereto and constitutes a
legal, valid and binding obligation of such parties, except as may be limited by general principles of equity or by the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights
generally; and 
  
 (e) After giving effect
hereto, no Default or Event of Default exists or would result from the waivers provided herein; provided that, the waiver provided herein shall in no way serve as a waiver of a Default for purposes of, and such waiver shall not constitute
satisfaction of, Section 4.02(b) of the Credit Agreement with respect to any Credit Extension or Request for Credit Extension by Borrower. 
  
 5. Entire Agreement. This Waiver Agreement, together with all the Loan Documents (collectively, the “Relevant Documents”), sets
forth the entire understanding and agreement of the parties hereto in relation to the subject matter hereof and supersedes any prior negotiations and agreements among the parties relating to such subject matter. No promise, condition, representation
or warranty, express or implied, not set forth in the Relevant Documents shall bind any party hereto, and no such party has relied on any such promise, condition, representation or warranty. Each of the parties hereto acknowledges that, except as
otherwise expressly stated in the Relevant Documents, no representations, warranties or commitments, express or implied, have been made by any party to the other in relation to the subject matter hereof or thereof. None of the terms or conditions of
this Waiver Agreement may be changed, modified, waived or canceled orally or otherwise, except in writing and in accordance with Section 10.01 of the Credit Agreement. 
  
 6. Full Force and Effect of Agreement. Borrower hereby acknowledges and agrees that, notwithstanding the waivers
provided herein, the Credit Agreement and all of the other Loan Documents are hereby confirmed and ratified in all respects and shall remain in full force and effect according to their respective terms. 
  
 7. Counterparts. This Waiver Agreement 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. 
  
 8. Governing Law. This Waiver Agreement shall in all respects be governed by, and construed in accordance with, the laws of the State of Illinois
applicable to contracts executed and to be performed entirely within such State, and shall be further subject to the provisions of Sections 10.14 and 10.15 of the Credit Agreement. 
  

 - 3 - 

 9. Enforceability. Should any one or more of the provisions of this Waiver Agreement be determined
to be illegal or unenforceable as to one or more of the parties hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto. 
  
 10. Successors and Assigns. This Waiver Agreement shall be binding upon and inure to the benefit of Borrower, Agent
and each of the Guarantors and the Lenders, and their respective successors, legal representatives, and assignees to the extent such assignees are permitted assignees as provided in Section 10.06 of the Credit Agreement. 
  
 11. Expenses. Without limiting the provisions of Section 10.04
of the Credit Agreement, Borrower agrees to pay all reasonable out of pocket costs and expenses (including without limitation reasonable legal fees and expenses) incurred before or after the date hereof by Agent and its Affiliates in connection with
the preparation, negotiation, execution, delivery and administration of this Waiver Agreement. 
  
 [Signature pages follow.] 
  

 - 4 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Waiver to Credit Agreement to be duly
executed by their duly authorized officers, all as of the day and year first above written. 
  

			
	BORROWER:
	
	REWARDS NETWORK INC.
		
	 By:
	 	 /s/ Kenneth R. Posner

	 Name:
	 	 Kenneth R. Posner

	 Title:
	 	 Senior Vice President, Finance and
 Administration, and Chief Financial Officer

  
 Rewards Network
Inc. 
 Waiver to Credit Agreement 
 Signature Pages 

			
	GUARANTORS:
	
	IDINE MEDIA GROUP INC.
		
	 By:
	 	 /s/ Kenneth R. Posner

	 Name:
	 	 Kenneth R. Posner

	 Title:
	 	 Treasurer

	
	REWARDS NETWORK ESTABLISHMENT SERVICES INC.
		
	 By:
	 	 /s/ Kenneth R. Posner

	 Name:
	 	 Kenneth R. Posner

	 Title:
	 	 Senior Vice President and Treasurer

	
	REWARDS NETWORK INTERNATIONAL, INC.
		
	 By:
	 	 /s/ Kenneth R. Posner

	 Name:
	 	 Kenneth R. Posner

	 Title:
	 	 Treasurer

	
	REWARDS NETWORK SERVICES INC.
		
	 By:
	 	 /s/ Kenneth R. Posner

	 Name:
	 	 Kenneth R. Posner

	 Title:
	 	 Senior Vice President and Treasurer

	
	TMNI INTERNATIONAL INCORPORATED
		
	 By:
	 	 /s/ Kenneth R. Posner

	 Name:
	 	 Kenneth R. Posner

	 Title:
	 	 Treasurer

	
	FFA ACQUISITION CORP.
		
	 By:
	 	 /s/ Kenneth R. Posner

	 Name:
	 	 Kenneth R. Posner

	 Title:
	 	 Treasurer

  
 Rewards Network
Inc. 
 Waiver to Credit Agreement 
 Signature Pages 

			
	 BANK OF AMERICA, N.A., as Agent

		
	 By:
	 	 /s/ David A. Johanson

	 Name:
	 	 David A. Johanson

	 Title:
	 	 Vice President

  
 Rewards Network
Inc. 
 Waiver to Credit Agreement 
 Signature Pages 

			
	BANK OF AMERICA, N.A., as a Lender and L/C Issuer
		
	By:	 	 /s/ Chris D. Buckner

	Name:	 	Chris D. Buckner
	Title:	 	Senior Vice President

  
 Rewards Network
Inc. 
 Waiver to Credit Agreement 
 Signature Pages 

			
	LASALLE BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Michael Perry

	Name:	 	Michael Perry
	Title:	 	Vice President

  
 Rewards Network
Inc. 
 Waiver to Credit Agreement 
 Signature PagesConsulting Agreement

 Exhibit 10.1 
  
 CONSULTING AGREEMENT 
  

THIS CONSULTING AGREEMENT, dated as of this      day of April, 2005, by and between Virginia Financial Group, Inc., a
Virginia corporation (the “Company”), and William Daniel Stegall (the “Consultant”). 
  
 WHEREAS, Consultant has been employed by the Company as its Chief Executive Officer and is currently a member of the Company’s Board of Directors;
and 
  
 WHEREAS, Consultant resigned from employment by, and
membership on the Board of Directors of, the Company’s subsidiary Planters Bank & Trust Company (the “Bank”) as of January 3, 2005 and immediately became an employee of the Company; and 
  
 WHEREAS, Consultant and the Company have agreed that, after Consultant’s
cessation of employment by the Company, which was effective on March 31, 2005, Consultant will become a non-employee consultant to the Company for a period of nine months. 
  
 NOW, THEREFORE, in consideration of the premises herein, the Company and Consultant agree, effective as of April 1, 2005
(the “effective date” hereof), as follows: 
  
 1.
Engagement as Consultant. The Company hereby engages Consultant, and Consultant hereby accepts such engagement, to serve as a consultant and advisor to the Chief Executive Officer and other employees, officers and directors of the Company
and its affiliates as provided herein may determine for the period and on the terms and conditions set forth herein. Consultant affirms and acknowledges that he shall undertake no employment which will prohibit or interfere with his performance of
services contemplated by this Agreement. 
  
 2. Compensation
and Expenses. 
  
 (a) As compensation for the services to
be rendered by Consultant as a consultant during the Period of Engagement, the Company shall pay to Consultant on or before the first day of each calendar month in the Period of Engagement a consultation fee in the amount of Two Thousand Five
Hundred Dollars ($2,500.00). 
  
 (b) The Company agrees to pay or
reimburse Consultant’s reasonable travel and overnight expenses incurred at the request of the Company’s Chief Executive Officer or otherwise incurred incident to the performance of services under this Agreement, provided satisfactory
substantiation of the expenses is provided in writing to the Company. 
  
 (c) The Company agrees and acknowledges that all of Consultant’s 1,180 unvested non-qualified stock options to purchase the Company’s common stock previously awarded to Consultant as an employee of the Bank are vested as of his
March 31, 2005 retirement date and that such options must be exercised no later than 90 days after March 31, 2005 or else they will terminate. 
  
 (d) The Company agrees and acknowledges that Consultant’s service pursuant to the terms of this Agreement shall be considered a continuation of
service with the Company and its affiliates for purposes of determining Consultant’s right to vest in 1,100 shares of unvested restricted stock previously awarded to Consultant as an employee of the Bank. 

 3. Services and Duties as Consultant. 
  
 (a) Consultant shall, in person, in writing or by telephone, consult with
and advise such employees, officers, directors and agents of the Company and/or its affiliates with respect to such aspects of and matters pertaining to the business and operations of the Company and/or its affiliates as the Company’s Chief
Executive Officer may reasonably request from time to time. Consultant shall report to the Company’s Chief Executive Officer. 
  
 (b) It is expressly acknowledged and agreed that, unless otherwise agreed by Consultant, such services shall be requested by the Company, shall be limited
to a maximum of twenty-four (24) hours per month, and shall be rendered in such manner and at such times as Consultant and the Company’s Chief Executive Officer mutually agree. Consultant agrees to provide such documentation of hours worked as
the Company’s Chief Executive Officer may require. 
  
 (c)
Consultant shall have no authority under or by reason of this Agreement to bind the Company or any of its affiliates to or under any obligation, agreement, promise or representation unless authorized by the Company’s Chief Executive Officer.

  
 (d) Unless and to the extent Consultant is advised otherwise
in writing by the Company’s Chief Executive Officer, Consultant shall be subject to the Company’s prohibitions against insider trading and shall remain subject to the Company’s trading restrictions applicable to officers and directors
even though Consultant may no longer be a Section 16 insider for securities laws purposes. 
  
 4. Period of Engagement as a Consultant. 
  
 (a) The period or term of Consultant’s engagement as a consultant (“Period of Engagement”) shall be the period beginning on April 1, 2005 and ending on the earlier of (i) the “Consulting Regular
Ending Date” or (ii) the occurrence of a “Consulting Termination Event”, as described herein. If the Period of Engagement ends due to the occurrence of a Consulting Termination Event, all further obligations of the Company to
Consultant under this Agreement shall cease. 
  
 (b) The term
“Consulting Regular Ending Date” as used in subparagraph (a) means December 31, 2005, provided, however, that such date shall be extended from month to month by mutual agreement if at least 30 days prior to December 31, 2005 (or the end of
any month thereafter to which this Agreement is extended), Consultant and the Company’s Chief Executive Officer shall agree in writing to the extension. 
  
 (c) The term “Consulting Termination Event” as used in subparagraph (a) means the date on which any of the following events shall occur (even if
occurring before the commencement of the Period of Engagement): 
  
 (i) The death of Consultant. 
  

 2 

 (ii) The onset of the Total and Permanent Disability of Consultant. For purposes hereof,
Consultant’s “Total and Permanent Disability” means the inability, as a result of sickness or injury, for a period of six months to perform the services required under this Agreement where such inability is expected to be permanent or
to last for a duration of at least six months. 
  
 (iii) The delivery by the Company to Consultant of notice of the Company’s termination of this Agreement for Cause. For purposes of this Agreement, “Cause” shall mean: 
  
 (A) continual or deliberate neglect by Consultant in the
performance of his material duties and responsibilities as established from time to time by the Company’s Chief Executive Officer or the Company’s Board of Directors, or the Executive’s willful failure to follow reasonable
instructions or policies of the Company after being advised in writing of such failure and being given a reasonable opportunity and period (as determined by the Company) to remedy such failure; 
  
 (B) conviction of, indictment for (or its procedural
equivalent), entering of a guilty plea or plea of no contest with respect to a felony, a crime of moral turpitude or any other crime with respect to which imprisonment is a possible punishment, or the commission of an act of embezzlement or fraud
against the Company or any subsidiary or affiliate thereof; 
  
 (C) any breach by Consultant of a material term of this Agreement, or violation in any material respect of any code or standard of behavior generally applicable to consultants of the Company, after being advised in
writing of such breach or violation and being given a reasonable opportunity and period (as determined by the Company) to remedy such breach or violation; 
  
 (D) dishonesty of Consultant with respect to the Company or any subsidiary or affiliate thereof, or breach of a fiduciary duty owed to the
Company or any subsidiary or affiliate thereof; or 
  
 (E) the willful engaging by Consultant in conduct that is reasonably likely to result, in the good faith judgment of the Company, in material injury to the Company, monetarily or otherwise. 
  
 (iv) The delivery by Consultant to the Company of written
notice of Consultant’s resignation as a consultant, which notice shall be effective no sooner than 30 days after its delivery unless the Company agrees to an earlier effective date. 
  
 5. Confidentiality. Consultant recognizes that as a consultant under this Agreement he will have access to and
may participate in the origination of non-public, proprietary and confidential information and that he owes a fiduciary duty to the Company. 
  

 3 

 Confidential information may include, but is not limited to, trade secrets, customer lists and information, internal
corporate planning, methods of marketing and operation, and other data or information of or concerning the Company or its customers that is not generally known to the public or in the Companying industry. Consultant agrees that he will never use or
disclose to any third party any such confidential information, either directly or indirectly, except as may be authorized in writing specifically by the Company or required by law. 
  
 6. Independent Contractor Status. The services to be rendered by Consultant as a consultant shall be rendered
by him as a self-employed individual, and the nature of Consultant’s engagement by and relationship to the Company is that of an independent contractor and not an employee. As such, Consultant shall have the sole and absolute discretion to
determine the manner and means of performing the services required under this Agreement. 
  
 7. No Withholding. The fees to be paid by the Company to Consultant as compensation for the services to be rendered by Consultant as a consultant shall constitute “net earnings from
self-employment” as that term is defined in Section 1402 of the Internal Revenue Code of 1986, as amended. Accordingly, the Company shall not withhold from such consultation fees any federal and state income, FICA, FUTA or other taxes.
Consultant is responsible for payment of all applicable taxes as may be required to be paid by him under applicable laws as a result of the payment of such consultation fees. 
  
 8. No Employment Benefits. As the nature of Consultant’s engagement by and relationship to the Company as
a consultant is that of an independent contractor, Consultant shall not be entitled to participate in or to receive any benefits under any insurance, retirement or other plan or program maintained by the Company for the benefit of its employees,
except to the extent he may be entitled to health care coverage under his Employment Agreement, dated the 22nd day of October, 2001, by and among the Company, the Bank, and Consultant (“Employment Agreement”), the Company’s health
care plan pursuant to the federally mandated continuation coverage rules known as “COBRA” or other benefits, rights or perquisites as a retiree or former employee of the Company (as determined pursuant to the terms of the applicable plans,
programs or agreements) and except to the extent otherwise expressly provided in this Agreement. Consultant specifically agrees and acknowledges that he must return his Company or Bank provided vehicle as of March 31, 2005, that the Company’s
or Bank’s payment of his Country Club dues and fees shall cease as of March 31, 2005, that the Company’s or Bank’s purchase of Country Club membership rights may be transferred to another employee at any time after March 31, 2005, and
that the Company’s or Bank’s provision of life insurance on the life of Consultant through Bankers Insurance shall cease as of March 31, 2005. 
  
 9. Board Membership. Consultant hereby acknowledges his resignation as a member of the Bank’s Board of Directors effective March 31,
2005. 
  
 10. Remedies. The parties hereto shall
have all remedies at law and in equity to enforce the terms of this Agreement, including the right to injunctive relief. Before instituting a legal action, both parties agree to attempt to settle any dispute by negotiation and, if unsuccessful, by
mediation. In the event of any legal action to interpret or enforce this Agreement, the prevailing party, as determined by the court, shall be entitled to recover from the unsuccessful party for its costs and reasonable attorneys’ fees, as
determined by the court. 
  

 4 

 11. Survival of Representations and Warranties. All agreements, representations and
warranties made by the parties in this Agreement shall survive the consummation of the transactions contemplated herein. 
  
 12. Entire Agreement. 
  
 (a) This Agreement constitutes the entire agreement between the parties with respect to the matters set forth herein and supersedes all prior agreements
and understandings between the parties with respect to the same. 
  
 (b) Consultant agrees and acknowledges that the non-competition, confidentiality and other provisions of his Employment Agreement which survive his cessation of employment as a common law employee shall remain in full force and effect and
shall not be modified or otherwise affected by this Agreement. 
  
 13. Modification. No provision of this Agreement, including any provision of this paragraph, may be modified, deleted or amended in any manner except by an agreement in writing executed by both of the parties. 
  
 14. Miscellaneous. 
  
 (a) Non-assignability. Consultant may not assign this
Agreement or any interest herein or delegate any duty or obligation incurred by Consultant hereunder to another. 
  
 (b) Notices. All notices, requests, consents and other communications to, upon, and between the parties shall be in writing and shall be
deemed to have been given, delivered, or made when personally delivered or when sent or mailed by certified mail, postage prepaid and return receipt requested, to the Company at the address noted below, Attention its Chief Executive Officer, and to
Consultant at the address last known to the Company at the time of execution of this Agreement, or at such other address as either party may specify by written notice to the other. 
  
 (c) Delegation of Authority. Whenever the Company is permitted or required to perform any act, such act may be
performed by its Chief Executive Officer, or other person duly authorized by the Board or its Chief Executive Officer. 
  
 (d) Governing Law. This Agreement shall be construed, enforced and administered in accordance with the laws of the Commonwealth of Virginia,
and any federal law which preempts the same. 
  
 (e) Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns, and Consultant and Consultant’s heirs, executors, administrators and legal representatives. 
  

 5 

 (f) Severability. If any provision of this Agreement should for any reason be declared
invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall nevertheless remain in full force and effect. 
  
 (g) Gender and Number. In the construction of this Agreement, the masculine shall include the feminine or neuter and the singular shall
include the plural and vice-versa in all cases where such meanings would be appropriate. 
  
 (h) Titles and Captions. Titles and captions and headings herein have been inserted for convenience of reference only and are to be ignored in any construction of the provisions hereof. 
  
 (i) Counterparts. This Agreement may be executed in more than
one counterpart, each of which shall be deemed an original. 
  
 IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of April 1, 2005. 
  

			
	VIRGINIA FINANCIAL GROUP, INC.
		
	 By
	 	  

	 Its
	 	  

  

	
	102 South Main Street
	Culpeper, Virginia 22701
	
	

	William Daniel Stegall
	
	Address:
	
	

	
	

  

 6

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