Document:

Exhibit 10.30

 

FIFTH AMENDMENT
TO LOAN AND SERVICING AGREEMENT

 

THIS FIFTH
AMENDMENT TO LOAN AND SERVICING AGREEMENT, dated as of April 23, 2003 (this “Amendment”),
is entered into among TRM Inventory Funding Trust (“Borrower”), TRM ATM
Corporation, in its individual capacity (“TRM ATM”) and as Servicer (in
such capacity, “Servicer”), Autobahn Funding Company, LLC (“Lender”),
DZ Bank AG, Deutsche Zentral-Genossenschaftsbank Frankfurt am Main, as
Administrative Agent (in such capacity, “Administrative Agent”) and as
Liquidity Agent (in such capacity “Liquidity Agent”), and U.S. Bank
National Association, as Collateral Agent (“Collateral Agent”).

 

RECITALS

 

A.            The Borrower, TRM
ATM, Servicer, Lender, Administrative Agent, Liquidity Agent and Collateral
Agent are each a party to that certain Loan and Servicing Agreement, dated as
of March 17, 2000 (as amended by a First Amendment to Loan and Servicing
Agreement, dated as of March 16, 2001, an Omnibus Amendment, dated as of March
16, 2001, a Second Amendment to Loan and Servicing Agreement, dated as of
November 5, 2001, a Third Amendment to Loan and Servicing Agreement, dated as
of April 23, 2002 and a Fourth Amendment to Loan and Servicing Agreement dated
as of July 22, 2002, the “Agreement”).

 

B.            The parties to the
Agreement desire to amend the Agreement as hereinafter set forth.

 

AGREEMENT

 

1.               Certain Defined Terms.  Capitalized terms that are used herein
without definition and that are defined in the Agreement shall have the same
meanings herein as in the Agreement.

 

2.               Amendments to Agreement.  Effective as of April 23, 2003 is hereby
amended as follows:

 

2.1           Section 1.01 of the
Agreement is hereby amended to replace “$30,000,000” therein with
“$50,000,000”.

 

2.2           Pursuant to Section
1.04 of the Agreement, the Lender, the Liquidity Agent and the Administration
Agent hereby consent to the issuance by the Borrower of one replacement
Certificate in the amount of $1,485,000 for delivery to the Lender and one
replacement Certificate in the amount of $15,000 for delivery to GSS Holdings,
Inc.  Each of the Lender and GSS
Holdings, Inc. by signing or acknowledging below agrees to acquire such
Certificates and pay the purchase price therefor upon the first Borrowing after
the date hereof.

 

2.3           Pursuant to Section
2.01 of the Agreement, the Borrower shall deliver a replacement Note to the
Lender with a maximum principal amount of $48,500,000.

 

 

3.               Conditions to Effectiveness.  This Amendment shall become effective, as of
April 23, 2003, upon receipt by the Liquidity Agent of counterparts of this
Amendment, duly executed by all parties hereto.

 

4.               Effect of Amendment.  Except as expressly amended and modified by
this Amendment, all provisions of the Agreement shall remain in full force and
effect.  After this Amendment becomes
effective, all references in the Agreement to “this Agreement,” “hereof,”
“herein” or words of similar effect referring to the Agreement shall be deemed
to be references to the Agreement as amended by this Amendment.  This Amendment shall not be deemed to
expressly or impliedly waive, amend or supplement any provision of the
Agreement other than as set forth herein.

 

5.               Counterparts.  This Amendment may be executed in any number
of counterparts and by different parties on separate counterparts, and each
counterpart shall be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument.

 

6.               Governing Law.  This Amendment shall be governed by, and
construed in accordance with, the law of the State of New York without regard
to any otherwise applicable principles of conflict of laws.

 

7.               Section Headings.  The various headings of this Amendment are
inserted for convenience only and shall not affect the meaning or
interpretation of this Amendment, or the Agreements or any provision hereof or
thereof.

 

[Remainder of page intentionally left blank.]

 

2

 

IN WITNESS
WHEREOF, the parties have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above
written.

 

	
   

  	
  TRM
  INVENTORY FUNDING TRUST

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Wilmington
  Trust Company, not in its individual

  capacity, but solely as Owner Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael G. Oller, Jr.

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Michael G.
  Oller, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Senior
  Financial Services Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  TRM ATM
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kenneth Lewis Tepper

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Kenneth
  Lewis Tepper

  
	
   

  	
   

  	
  Title:

  	
  President
  & CEO

  
	
   

  	
   

  	
   

  
	
   

  	
  AUTOBAHN
  FUNDING COMPANY LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  DZ Bank AG,
  Deutsche Zentral-

  Genossenschaftsbank Frankfurt am Main,

  as its attorney-in-fact

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Patrick Preece

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Patrick
  Preece

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  VP

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  DZ BANK AG, DEUTSCHE ZENTRAL-

  GENOSSENSCHAFTSBANK

  FRANKFURT AM MAIN, as Administrative

  Agent and Liquidity Agent

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Patrick Preece

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Patrick
  Preece

  
	
   

  	
   

  	
  Title:

  	
  VP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dominick Ruggiero

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Dominick
  Ruggiero

  
	
   

  	
   

  	
  Title:

  	
  VP

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  U.S. BANK
  NATIONAL ASSOCIATION

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Toby Robillard

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Toby
  Robillard

  
	
   

  	
   

  	
  Title:

  	
  Asst. Vice
  President

  
											

 

S-1

 

	
   

  	
  Acknowledged
  and Agreed:

  
	
   

  	
   

  	
   

  
	
   

  	
  GSS
  HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrew L. Stidd

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Andrew L.
  Stidd

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  
						

 

S-2Exhibit 10.14

 

SECOND AMENDMENT OF LEASE

 

THIS
SECOND AMENDMENT OF LEASE (“Second Amendment”) is
entered into this 22nd day of April, 2002, to that certain Lease
(“Lease”) dated April 24, 1996, as amended January 31, 2001, (as amended, the
“Lease”) between CSM INVESTORS, INC.,
a Minnesota corporation (“Landlord”) and DIGITAL
RIVER, INC., a Delaware corporation, (“Tenant”) for premises
consisting of approximately 47,961 square feet (“Premises”) located at the
street address of 9625 West 76th
Street, Suite 150, Eden Prairie, Minnesota in the project commonly
known as the GOLDEN TRIANGLE BUSINESS CENTER,
as more particularly described in the Lease.

 

The Lease is hereby amended as
follows:

 

1.                                       Section 1.2 Premises.  Effective October
1, 2002, the Premises shall be: (i) increased by approximately
49,370 square feet of area (comprised of approximately 18,919 square feet of
office space, 17,191 square feet of production/tech space, and 13,260 square
feet of warehouse space); and (ii) reduced by 15,042 square feet (comprised of
10,547 square feet of office space and 4,495 square feet of warehouse space;
for a total area of 82,289 square feet, as depicted on the site plan and floor
plan attached hereto as Revised Exhibits A
and B.  Landlord agrees
to provide Tenant early occupancy of the 49,370 square foot expansion area of
the Premises as of August 1, 2002,
for the purpose of installing its tenant improvements, furniture, fixtures and
equipment, under the same terms and conditions contained in the Lease,
exclusive of payment of Rent and Operating Expenses.

 

2.                                       The
expansion area is leased to Tenant in its “as-is” condition, except that the
HVAC, plumbing, and electrical systems shall be certified by licensed
contractors to be in good and working order as of October 1, 2002, and Landlord
agrees to restripe the rear parking area for the building with the striping
plan depicted on Revised Exhibit A.

 

3.                                       Section 1.3 Lease Term.  Effective upon full execution of this
Agreement, the term of the Lease shall be extended for an additional twenty-six
(26) month period commencing August 1, 2003 and expiring September 30, 2005.

 

4.                                       Effective
upon full execution of this Agreement, the Base Rent shall be adjusted as set
forth below:

 

	
  Period

  	
   

  	
  Monthly Base Rent

  	
   

  	
  Per Sq. Ft.

  	
   

  
	
  05/01/02 – 09/30/02

  	
   

  	
  $

  	
  31,186.80

  	
   

  	
  $

  	
  7.803

  	
   

  
	
  10/01/02 – 09/30/05

  	
   

  	
  $

  	
  51,430.63

  	
   

  	
  $

  	
  7.500

  	
   

  

 

5.                                       Section 1.7 Pro Rata Share.  Effective October 1, 2002, Tenant’s pro-rata
share of operating expenses shall be 54.12%.

 

6.                                       Section 2.3 Definition of Operating Expenses.  Section 2.3 of the Lease is amended to
provide that Operating Expenses shall also include (i)  all real property taxes, installments of
special assessments and governmental impositions of any kind whatsoever imposed
upon Landlord by reason of its ownership, operation or management of the
Project, including without limitation the so called Minnesota “state general
tax”, and legal fees incurred in connection with actions to reduce the same;
and (ii)  all premiums, deductibles and
retentions for insurance coverages Landlord is required to carry pursuant to
Section 7.6 of the Lease or by its lender, or that Landlord

 

 

otherwise
deems reasonably necessary to carry, including without limitation, property
insurance, commercial general liability insurance, and rent loss insurance.

 

7.                                       Section 6.2 Tenant Improvements.  Tenant shall coordinate, contract, finance
and construct additional improvements to the Premises at Tenant’s sole cost and
expense, except as set forth in subparagraph F. of this section, including preparation
of all necessary plans and drawings and payment of any and all SAC and WAC
charges, under the following conditions:

 

A.                                   Prior
to commencement of construction of the tenant improvements, Tenant shall
forward to Landlord, for Landlord’s approval, copies of the proposed plans and
specifications of the proposed work, together with the final estimated cost of
the work and a copy of the final construction contract for such work.  Said improvements may be performed
incrementally, with each increment subject to the terms and conditions set
forth herein, with Landlord’s total contribution not exceeding the Allowance
set forth in Section 7.F. below. 
Landlord’s approval of said plans and specifications shall not be unreasonably
withheld or delayed.

 

B.                                     Prior
to commencement of construction of the tenant improvements, Tenant shall
forward to Landlord names and addresses of all contractors and subcontractors
which will be working in or on the Premises, and Tenant will post notices in
content and locations on the Premises acceptable to Landlord notifying
contractors and subcontractors that work performed on the Premises is not
lienable.

 

C.                                     Tenant
shall be responsible for ensuring that all work complies with the approved
plans and specifications and applicable laws, codes, ordinances, regulations
and the like.

 

D.                                    Landlord
shall have no responsibility for the quality, maintenance, repair or
replacement of the tenant improvements.

 

E.                                      Tenant
shall indemnify, defend (with counsel reasonably approved by Landlord), and
hold Landlord harmless from and against any and all claims, causes of action,
damages or expenses (including, without limitation, mechanic’s liens) arising
out of, by reason of, or as a result of Tenant’s construction and installation
of the tenant improvements.

 

F.                                      Landlord
agrees to provide Tenant an amount not to exceed $250,000.00 (the “Allowance”)
to be applied against the actual costs incurred by Tenant in making tenant
improvements to the Premises during the period of August 1, 2002 to September
30, 2005 (including cabling and wiring of phone and computer stations), subject
to the following terms and conditions. 
Upon completion of the tenant improvements, Tenant shall deliver to
Landlord the following documentation, all in form and content acceptable to
Landlord:  (a) a sworn construction
statement signed by Tenant and the general contractor confirming the total cost
of labor and materials provided for the tenant improvements;  (b) 
a copy of the construction contract and all change orders and amendments
thereto, if any, relative to the tenant improvements; and (c) original
unconditional lien waivers verifying that Tenant has paid for the total cost of
the tenant improvements (including without limitation, SAC and WAC charges)
less the Allowance.  Within ten (10)
days of receipt of such documentation, Landlord agrees to pay all or such part
of the Allowance as applicable directly to Tenant’s general contractor.  It shall

 

2

 

be a condition
precedent of Landlord’s obligation to pay the Allowance that this Lease is in
full force and effect and Tenant is not in default under any of the terms of
this Lease.

 

8.                                      Section
14.13 Option to Extend.

 

A.                                   Tenant
shall have the option (“Option”) to extend the term of the Lease for one (1)
additional thirty-six (36) month term (the “Option Term”) under the same terms
and conditions contained in the Lease, provided, however, that the Base Rent
shall be adjusted to equal the then current market rate for similar space in
the Building, determined in accordance with Section 14.13.B. of this Second
Amendment.  Tenant may exercise each
Option term by delivering written notice to Landlord (“Renewal Notice”),
stating its irrevocable intent to exercise the Option, not less than one
hundred eighty (180) days and not more than three hundred sixty-five (365) days
prior to the expiration of the initial Lease Term.  In the event that Tenant fails to deliver timely notice of its
intent to exercise its Option, Tenant’s right to the Option shall be deemed
null and void.  Conditions of the
exercise of such Option shall be that Tenant is not in Default pursuant to
Section 18 of the Lease and that the Lease is in full force and effect.

 

B.                                     Market
Rate Determination.  If the market rate
must be determined in accordance with the provisions of Section 14.13.A.
above, the parties hereto agree as follows:

 

i.                       Within
fifteen (15) days following receipt of Tenant’s Renewal Notice for the Option
Term, Landlord will submit to Tenant Landlord’s proposed market rate
determination (“Landlord’s Proposed Market Rate”).

 

ii.                    If
Tenant does not notify Landlord within ten (10) days after receipt of
Landlord’s Proposed Market Rate that Tenant disagrees with Landlord’s Proposed
Market Rate, then Landlord’s Proposed Market Rate shall be deemed approved and
accepted by Tenant.  If Tenant timely
notifies Landlord of Tenant’s disagreement with Landlord’s Proposed Market
Rate, then the parties agree to negotiate in good faith for a period of thirty
(30) days following Landlord’s receipt of Tenant’s notice of disagreement (the
“Negotiation Period”) in an attempt to reach agreement on the market rate.  In connection therewith, each party shall
submit to the other party such evidence as it then has to substantiate its proposed
market rate.  If the market rate is not
mutually agreed upon by the parties within the Negotiation Period, the Renewal
Notice shall remain in full force and effect and the market rate shall be
determined by arbitration in accordance with the commercial rules of the
National Aribtration Forum.

 

Upon the
determination of the market rate pursuant to the foregoing terms, such
determination shall be final and binding upon the parties.  If for any reason the determination of the
market rate has not been made as of the commencement of the Option Term, then
Tenant shall nevertheless pay Base Rent at Landlord’s Proposed Market Rate
pending determination of the market rate pursuant to the mechanism described
above.  Any rent paid by Tenant at a
rate other than the market rate determined pursuant to the foregoing terms
shall be adjusted retroactively.  Any
and all fees and expenses charged by the Expert shall be divided equally
between Landlord and Tenant, or alternatively, Landlord and 

 

3

 

Tenant shall
each pay any and all fees and expenses incurred in connection with such party’s
own Board member and the fees and expenses of the third Board member shall be
divided equally between Landlord and Tenant.

 

9.                                       Miscellaneous.  If any provision of the Lease is
inconsistent with the provisions contained herein, then the provisions of this
Second Amendment shall control.  Except
as expressly modified herein, all other terms and conditions of the Lease shall
remain unchanged, and in full force and effect.  This Second Amendment may be executed in counterparts, each of
which when so executed and delivered shall be deemed an original, but together
shall constitute one and the same instrument.

 

	
  LANDLORD:

  	
   

  	
  TENANT:

  
	
   

  	
   

  	
   

  
	
  CSM INVESTORS, INC.

  	
   

  	
  DIGITAL RIVER, INC.

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ David Carland

  	
   

  	
  By:

  	
  /s/ Robert
  E. Strawman

  
	
   

  	
   

  	
   

  
	
  Print Name:

  	
  David
  Carland

  	
   

  	
  Print Name:

  	
  Robert E.
  Strawman

  
	
   

  	
   

  	
   

  
	
  Print Title:

  	
  V.P.

  	
   

  	
  Print Title:

  	
  CFO

  
									

 

4

 

Revised Exhibit A

 

[GRAPHIC]

 

	
  GOLDEN
  TRIANGLE BUSINESS CENTER

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

5

 

Revised Exhibit B

[GRAPHIC]

 

	
  DIGITAL
  RIVER

  	
   

  	
   

  
	
  GOLDEN
  TRIANGLE

  	
   

  	
   

  

 

6

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