Document:

Exhibit 102 Waiver and Third Amendment

		

			Exhibit 10.2

		

		

			 

		

		

			*** CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL.

		

		

			EXECUTION VERSION

		

		

			 

		

		
			WAIVER AND THIRD AMENDMENT TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
		

		
			THIS WAIVER AND THIRD AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Waiver and Third Amendment”), dated as of November 8, 2021, is entered into by and among Consolidated Amusement Holdings, LLC, a Nevada limited liability company (the “Borrower”), the Affiliates of the Borrower identified on the signature pages hereto (collectively, the “Guarantors”), the financial institutions identified on the signature pages hereto (collectively, the “Lenders”), and Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer, with reference to the following facts:
		

		
			RECITALS
		

		
			A.The Borrower, the Guarantors, the Lenders, and Bank of America as Administrative Agent, Swingline Lender and L/C Issuer are parties to a Second Amended and Restated  Credit Agreement, dated as of March 6, 2020, as amended by a Waiver and First Amendment to Second Amended and Restated Credit Agreement dated as of May 15, 2020 (the “First Amendment”) and by a Waiver and Second Amendment to Second Amended and Restated Credit Agreement dated as of August 7, 2020 (the “Second Amendment”, and collectively with the First Amendment and the Second Amended and Restated Credit Agreement, the “Credit Agreement”), pursuant to which the Lenders provide a revolving credit facility to the Borrower in an aggregate amount of up to $55,000,000.
		

		
			B.As of November 2, 2021, Borrower is indebted under the Loan Documents in the outstanding principal amount of $42,800,000, plus accrued and unpaid interest, and other costs and expenses (collectively, the “Indebtedness”).
		

		
			C.The parties are entering into this Waiver and Third Amendment: (i) by which each of the Administrative Agent and the Lenders waive any existing asserted default, to the extent the same has not already been cured (“Asserted Defaults”), and each of the Administrative Agent and the Lenders acknowledges and agrees that all prior defaults of which it has knowledge have been timely cured or waived; and (ii) to amend and supplement the Credit Agreement as set forth below.
		

		
			NOW, THEREFORE, the parties hereby agree as follows:
		

			
	
			
				 1.
			Recitals.  All of the foregoing recitals and statements are hereby affirmed by the Loan Parties as true statements of fact and may be used as binding admissions in a court of law or equity, or other judicial or non-judicial proceedings.

		 

		

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				 2.
			Defined Terms.    To the fullest extent necessary, each of the Administrative Agent and Lenders hereby acknowledges and agrees that all prior defaults of which it has knowledge have been timely cured or waived.  Such waiver by the Administrative Agent and Lenders shall constitute a waiver of only any prior defaults to which it has knowledge and shall not constitute a waiver of the Borrower’s obligation to comply with all applicable covenants in the Agreement, as amended, including, without limitation, Section 9 of the Second Amendment (the “Liquidity Covenant”) on a going-forward basis.

			
	
			
				 3.
			Waiver of Asserted Defaults.  To the fullest extent necessary, the Lenders hereby waive any Asserted Default.  Such waiver by the Lenders shall constitute a waiver of only the Asserted Defaults and shall not constitute a waiver of the Borrower’s obligation to comply with the Liquidity Covenant on a going-forward basis.

			
	
			
				 4.
			Amendments to Credit Agreement.

			
	
			
				 4.1.
			Termination of Availability Period.  The definition of “Availability Period” set forth in Section 1.01 of the Credit Agreement is amended and restated to be the same date as the effective date of this Waiver and Third Amendment.  No further Borrowings shall be permitted under the terms of the Credit Agreement as of the effective date of this Waiver and Third Amendment.  

			
	
			
				 4.2.
			Interest Rate Amendments.  

			
	
			
				 (a)
			The definition of Base Rate set forth in Section 1.01 of the Credit Agreement is amended and restated to read as follows:

		
			‘“Base Rate’ means for any day a fluctuating rate of interest per annum equal to the highest of (a) the Federal Funds Rate plus 0.50%, and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,”; provided that the Base Rate shall not be less than one percent (1.00%) per annum.  The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate.  Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.”
		

			
	
			
				 (b)
			Elimination of Eurodollar Rate.  As of the date of this Waiver and Third Amendment, all Borrowings shall bear interest at the Base Rate.  Each Eurodollar Rate Loan in existence as of the date of this Waiver and Third Amendment shall be automatically converted to a Base Rate Loan effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loan.

		 

		

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				 (c)
			Interest.  Section 2.08(a) of the Credit Agreement is amended and restated to read as follows:

		
			“2.08(a)  Interest.  Subject to the provisions of Section 2.08(b), each Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate plus two hundred fifty (250) basis points.”
		

			
	
			
				 4.3.
			Mandatory Prepayments.  Section 10A of the Second Amendment is amended and restated to read as follows:  

		
			“On the first Business Day of each month set forth below, Borrower shall make the following principal payments on the Loan:
		

			
					
						Month

					
					
						Principal Payment Amount

				
	
					
						December 2021

					
					
						$500,000

				
	
					
						January 2022

					
					
						$250,000

				
	
					
						February 2022

					
					
						$250,000

				
	
					
						March 2022

					
					
						$500,000

				
	
					
						April 2022

					
					
						$500,000

				
	
					
						May 2022

					
					
						$500,000

				
	
					
						June 2022

					
					
						$750,000

				
	
					
						July 2022

					
					
						$750,000

				
	
					
						August 2022

					
					
						$750,000

				
	
					
						September 2022

					
					
						$750,000

				
	
					
						October 2022

					
					
						$750,000

				
	
					
						November 2022

					
					
						$1,000,000

				
	
					
						December 2022

					
					
						$1,000,000

				

		
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				 4.4.
			Prohibition on Additional Indebtedness.  Notwithstanding anything to the contrary set forth in Section 7.02 of the Credit Agreement or in Section 6 of the Second Amendment, none of the Loan Parties shall incur, or enter into a contractual commitment to incur, additional Indebtedness under any of the exceptions described in subsections 
		

		 

		

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			(a) through (k) of Section 7.02 of the Credit Agreement until the Obligations are fully and finally paid and the Commitments are terminated; provided that this Section 4.4 of the Waiver and Third Amendment shall not prohibit either: (i) the Borrower from continuing to guarantee the Reading Indebtedness up to $5,000,000 principal amount and (ii) an unlimited debt basket for loans from landlords under any theater leases, the proceeds of which are solely utilized by the Loan Parties to construct tenant improvements for such theaters; provided further that (x) the stated maturity of such loans is at least 91 days after the Maturity Date and (y) such loans shall not be secured by any of the Collateral granted to Administrative Agent to secure the Secured Obligations.

		
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				 4.5.
			Liquidity Covenant.  Section 9 of the Second Amendment is amended and restated to read as follows:

		
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			“Liquidity Covenant.  The Borrower shall maintain Liquidity as of the last day of each month, commencing with the month ended November 30, 2021, of not less than $3,000,000.  For purposes of this covenant, the term “Liquidity” shall mean, as of any date of determination, the sum of Borrower’s aggregate cash on such date.  Borrower will deliver a certificate to Lender in support of compliance with the Liquidity Covenant no later than ten (10) business days after each month end.  For avoidance of doubt, Borrower’s failure to comply with this Liquidity Covenant on a going forward basis shall constitute an Event of Default under Section 8.01(b) of the Credit Agreement, which is not subject to a cure period.”
		

		
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				 4.6.
			Financial Covenant Testing.  The financial covenants set forth in Section 7.11 of the Credit Agreement are amended so that the applicable ratios are no longer required covenants to be complied with on a quarterly basis; provided, however, Borrower shall continue to report its Consolidated Leverage Ratio and Consolidated Fixed Charge Coverage Ratio on a quarterly basis.  The failure to report and certify such financial ratios with the delivery of the financial statements referred to in Sections 6.01(a) and (b) shall constitute a Default under Section 8.01(c) under the terms of the Credit Agreement.

		
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				 4.7.
			Payments; Agency Provisions.  

		
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				 (a)
			Section 2.12(b)(ii) of the Credit Agreement is amended and restated to read as follows:

		
			“2.12(b)(ii) Payments by Borrower; Presumptions by Administrative Agent.   Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due.
		

		

		

		 

		

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		With respect to any payment that the Administrative Agent makes for the account of the Lenders or the L/C Issuer hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the “Rescindable Amount”): (1) the Borrower has not in fact made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by the Borrower (whether or not then owed); or (3) the Administrative Agent has for any reason otherwise erroneously made such payment; then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.
		

		
			A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this clause (b) shall be conclusive, absent manifest error.”
		

			
	
			
				 (b)
			Article IX of the Credit Agreement is supplemented with the following additional provision to be inserted into the Credit Agreement as Section 9.13, which shall read as follows:

		
			“9.13Recovery of Erroneous Payments.  Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error to any Lender, the Swingline Lender or the L/C Issuer (each a “Credit Party”), whether or not in respect of an Obligation due and owing by the Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Credit Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Credit Party  in immediately available funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.  Each Credit Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount.  The Administrative Agent shall inform each Credit Party promptly upon determining that any payment made to such Credit Party comprised, in whole or in part, a Rescindable Amount.”
		

		

		

		 

		

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				 4.8.
			Electronic Execution.  Section 11.18 of the Credit Agreement is amended and restated to read as follows:

		
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			“11.18 Electronic Execution; Electronic Records; Counterparts.   This Agreement, any Loan Document and any other document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to any Loan Document (“Communication”), including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signature (which terms shall have the meaning assigned to them respectively by 15 USC §7006, as it may be amended from time to time).  Each of the Loan Parties and each of the Administrative Agent and each Credit Party agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on such Person to the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of such Person enforceable against such Person in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered.   Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication.  For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Administrative Agent and each of the Credit Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document.  All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record.  Notwithstanding anything contained herein to the contrary, neither the Administrative Agent, L/C Issuer nor Swingline Lender is under any obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by such Person pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent, L/C Issuer and/or Swingline Lender has agreed to accept such Electronic Signature, the Administrative Agent and each of the Credit Parties shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party and/or any Credit Party without further verification and regardless of the appearance or form of such Electronic Signature, and (b) 
		

		 

		

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		upon the request of the Administrative Agent or any Credit Party, any Communication executed using an Electronic Signature shall be promptly followed by a manually executed counterpart.  
		

		
			Neither the Administrative Agent, L/C Issuer nor Swingline Lender shall be responsible for or have any duty to ascertain or inquire into the sufficiency, validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document (including, for the avoidance of doubt, in connection with the Administrative Agent’s, L/C Issuer’s or Swingline Lender’s reliance on any Electronic Signature transmitted by telecopy, emailed .pdf or any other electronic means). The Administrative Agent, L/C Issuer and Swingline Lender shall be entitled to rely on, and shall incur no liability under or in respect of this Agreement or any other Loan Document by acting upon, any Communication or any statement made to it orally or by telephone and believed by it to be genuine and signed or sent or otherwise authenticated (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the maker thereof).  
		

		
			Each of the Loan Parties and each Credit Party hereby waives (i) any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document based solely on the lack of paper original copies of this Agreement, such other Loan Document, and (ii) any claim against the Administrative Agent, each Credit Party for any liabilities arising solely from the Administrative Agent’s and/or any Credit Party’s reliance on or use of Electronic Signatures, including any liabilities arising as a result of the failure of the Loan Parties to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature.”
		

		
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				 4.9.
			Schedules 5.21(b)-(g) are hereby amended and restated, with Schedules 5.21(b)-(g) attached to this Third Waiver and Amendment.

			
	
			
				 5.
			General Release.  From and after the effective date of this Waiver and Third Amendment, the Borrower and each Guarantor hereby agrees that, without any further act, the Administrative Agent, each Lender and each other Secured Party is fully and forever released and discharged from any and all claims for damages or losses to the Borrower, any Guarantor, or to any property of the Borrower or any Guarantor (whether any such damages or losses are known or unknown, foreseen or unforeseen, or patent or latent), including, without limitation, any tort claim, demand, action or cause of action of any nature, whatsoever, arising under or relating to the Credit Agreement or the other Loan Documents or any of the transactions related thereto, in each case, prior to the date hereof, and the Borrower and each Guarantor hereby waive application of California Civil Code Section 1542.  The Borrower and each Guarantor certify that they have read the following provisions of California Civil Code Section 1542:

		

		

		 

		

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		A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.
		

		
			
The Borrower and each Guarantor understands and acknowledges that the significance and consequence of this waiver of California Civil Code Section 1542 is that even if the Borrower or such Guarantor should eventually suffer additional damages arising out of the facts referred to above, it will not be able to make any claim for those damages.  Furthermore, the Borrower and each Guarantor acknowledge that they intend these consequences even as to claims for damages that may exist as of the date of this release but which the Borrower or such Guarantor does not know exist, and which, if known, would materially affect the Borrower’s or such Guarantor’s decision to execute this Waiver and Third Amendment, regardless of whether the Borrower’s or such Guarantor’s lack of knowledge is the result of ignorance, oversight, error, negligence, or any other cause.
		

			
	
			
				 6.
			Conditions Precedent.  This Waiver and Third Amendment shall become effective as of the date first set forth above upon satisfaction of the following conditions:

			
	
			
				 6.1.
			This Waiver and Third Amendment.  The Administrative Agent shall have received this Waiver and Third Amendment, duly executed by the Borrower, the Guarantors, and each of the Lenders;

		
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				 6.2.
			Principal Pay down.  Administrative Agent has received a principal payment of $2,800,000 and payment of all accrued, unpaid interest owing under the Loan;

		
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				 6.3.
			Waiver and Third Amendment Fee.  The Borrower shall have paid to the Administrative Agent, for the ratable benefit of the Lenders, a one-time, non-refundable fee of $50,000; 

		
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				 6.4.
			Officer’s Certificates.  Administrative Agent shall have received officer’s certificates and resolutions authorizing this Waiver and Third Amendment in form and substance acceptable to Administrative Agent;

		
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				 6.5.
			Due Diligence.  Administrative Agent and Lenders have received and are reasonably satisfied with all reports, inspections, and examinations required by Administrative Agent and Lenders, including a field exam;

		
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				 6.6.
			Legal Fees and Expenses.  The Administrative Agent shall have received all fees and other amounts due and payable by the Borrower, including to the extent invoiced one or before the date hereof, reimbursement or payment of all reasonable and documented out-of-pocket expenses actually incurred in connection with this Waiver and Third Amendment (including without limitation, such reasonable and documented out-of-pocket fees, disbursements, and other charges of counsel actually incurred by the Administrative Agent) required to be reimbursed or paid by the Borrower hereunder or under any other Loan Document; and

		

		

		 

		

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				 6.7.
			Organizational Chart.  The Administrative Agent shall have received a current organizational chart for all Loan Parties on or before November 30, 2021.

		
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				 7.
			Reaffirmation and Ratification.    The Borrower and each Guarantor hereby reaffirms, ratifies and confirms its Obligations under the Credit Agreement and all other Loan Documents and acknowledges that all of the terms and conditions of the Credit Agreement and all other Loan Documents, except as otherwise provided herein or therein, remain in full force and effect.  The Borrower and each Guarantor further acknowledges and agrees that the liens, security interests, pledges, and assignments created by the Credit Agreement and Loan Documents are valid, effective, properly perfected, and enforceable liens, security interests, pledges, and assignments, and hereby reaffirms the grant of all liens, security interests, pledges, and assignments which each has previously granted to the Administrative Agent and Lenders.

			
	
			
				 8.
			Acknowledgements.    The Loan Parties acknowledge and agree that as of the effective date of this Waiver and Third Amendment: (i) the Indebtedness is just, due, and owing, without any right of any Loan Party to setoff, recoup, or counterclaim; (ii)  the Administrative Agent and Lenders have fully performed all of their obligations under the Credit Agreement and Loan Documents and are not in default under any terms, provisions, or conditions of the Credit Agreement or the Loan Documents, and in addition, no circumstances exist under which Administrative Agent and Lenders may be deemed in default merely upon service of notice or passage of time or both; and (iii) the Loan Parties have no defenses to the Indebtedness, the Credit Agreement, or the Loan Documents.

			
	
			
				 9.
			Representations and Warranties.  The Borrower hereby confirms that all representations and warranties of the Borrower contained in Article V of the Credit Agreement continue to be true and correct in all material respects after giving effect to this Waiver and Third Amendment, except: (i) for representations and warranties which are qualified by the inclusion of a materiality standard, which representations and warranties shall be true and correct in all respects; and (ii) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date; provided, in each case, that any representation or warranty which is qualified by reference to Material Adverse Effect shall exclude events, circumstances, occurrences or conditions arising from the COVID-19 pandemic.

			
	
			
				 10.
			Events of Default.  Subject to Section 3 hereof, except for any existing defaults waived hereunder, neither any Default nor any Event of Default has occurred and is continuing under the Credit Agreement.

			
	
			
				 11.
			Integration.  This Waiver and Third Amendment constitutes the entire agreement of the parties in connection with the subject matter hereof and cannot be changed or terminated orally.  All prior agreements, understandings, representations, warranties and negotiations regarding the subject matter hereof, if any, are merged into this Waiver and Third Amendment.

		 

		

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				 12.
			Counterparts.  This Waiver and Third Amendment may be executed in multiple counterparts, each of which when so executed and delivered shall be deemed an original, and all of which, taken together, shall constitute but one and the same agreement.

			
	
			
				 13.
			Governing Law.  This Waiver and Third Amendment shall be governed by, and construed and enforced in accordance with, the internal laws (as opposed to the conflicts of law principles) of the State of New York.

		
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		IN WITNESS WHEREOF, the parties hereto have executed this Waiver and Third Amendment by their respective duly authorized officers as of the date first above written.
		

			
					
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						BORROWER:

				
	
					
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						CONSOLIDATED AMUSEMENT HOLDINGS,
LLC, a Nevada limited liability company

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
						﻿

					
					
						 

					
					
						Chief Financial Officer

				

		
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						GUARANTORS:

				
	
					
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						CONSOLIDATED ENTERTAINMENT, LLC,  

					
						a Nevada limited liability company

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
						﻿

					
					
						 

					
					
						Chief Financial Officer

				

		
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						ANGELIKA FILM CENTER MOSAIC, LLC,

					
						a Nevada limited liability company

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
						﻿

					
					
						 

					
					
						Chief Financial Officer

				

		
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						ANGELIKA FILM CENTERS LLC,

					
						a Delaware limited liability company

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
						﻿

					
					
						 

					
					
						Chief Financial Officer

				

		
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						READING CINEMAS NJ, INC., 

					
						a Delaware corporation

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
						﻿

					
					
						 

					
					
						Chief Financial Officer

				

		
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						CONSOLIDATED CINEMA SERVICES, LLC,

					
						a Nevada limited liability company

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
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						Chief Financial Officer

				

		
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						READING MURRIETA THEATER, LLC,  

					
						a Nevada limited liability company

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
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						Chief Financial Officer

				

		
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						KAHALA CINEMA COMPANY, LLC,  

					
						a Nevada limited liability company

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
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						Chief Financial Officer

				

		
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						KAAHUMANU CINEMAS, LLC,

					
						a Nevada limited liability company

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
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						Chief Financial Officer

				

		
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						READING CONSOLIDATING HOLDINGS, INC., 

					
						a Nevada corporation

				
	
					
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						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
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						Chief Financial Officer

				

		

		

		 

		

			 

		

 

		

			 

		

		
		

			
					
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						KMA CINEMAS, LLC, 

					
						a Nevada limited liability company

				
	
					
						﻿

					
					
						By:

					
					
						/s/ Gilbert Avanes

				
	
					
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						Gilbert Avanes

				
	
					
						﻿

					
					
						 

					
					
						Chief Financial Officer

				

		
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			﻿
		

			
					
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						CARMEL THEATRES, LLC, 

					
						a Nevada limited liability company

				
	
					
						﻿

					
					
						By:

					
					
						/s/ Gilbert Avanes

				
	
					
						﻿

					
					
						 

					
					
						Gilbert Avanes

				
	
					
						﻿

					
					
						 

					
					
						Chief Financial Officer

				

		
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						ADMINISTRATIVE AGENT AND LENDERS:

				
	
					
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						BANK OF AMERICA, N.A.,

					
						as Administrative Agent

				
	
					
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						By:

					
					
						/s/ 

				
	
					
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						Name:

					
					
						 

				
	
					
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						Title

					
					
						 

				

		
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						BANK OF AMERICA, N.A.,

					
						as a Lender, L/C Issuer and Swingline Lender

				
	
					
						﻿

					
					
						By:

					
					
						/s/ 

				
	
					
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						Name:

					
					
						 

				
	
					
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						Title

					
					
						 

				

		
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						BANK OF HAWAII,

					
						as a Lender

				
	
					
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						By:

					
					
						/s/ 

				
	
					
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						Name:

					
					
						 

				
	
					
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						Title

					
					
						 

				

		
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		SCHEDULE 5.21(b)
		

		
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			No Change from Schedule  5.21(b) attached to Second Amended and Restated  Credit Agreement, dated as of March 6, 2020, which  is incorporated by reference.
		

		

		

		 

		

			 

		

 

		

			 

		

		SCHEDULE 5.21(c)
		

		
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			No Change from Schedule  5.21(c) attached to Second Amended and Restated  Credit Agreement, dated as of March 6, 2020, which  is incorporated by reference.
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		SCHEDULE 5.21(d)(i)
		

		
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			Deposit Accounts & Securities Accounts
		

		
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			[***]
		

		

		

		 

		

			 

		

 

		

			 

		

		SCHEDULE 5.21(d)(ii)
		

		
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			No Change from Schedule  5.21(d)(ii) attached to Second Amended and Restated  Credit Agreement, dated as of March 6, 2020, which  is incorporated by reference.
		

		

		

		 

		

			 

		

 

		

			 

		

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			SCHEDULE 5.21(e)
		

		
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			No Change from Schedule  5.21(e) attached to Second Amended and Restated  Credit Agreement, dated as of March 6, 2020, which  is incorporated by reference.
		

		

		

		 

		

			 

		

 

		

			 

		

		
		

		
			
		

		

		

		 

		

			 

		

 

		

			 

		

		
		

		
			﻿Document

Exhibit 10.1

FIFTH AMENDMENT TO 
THIRD AMENDED AND RESTATED CREDIT AGREEMENT

This FIFTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of September 17, 2021 (this “Amendment”), is by and among THE HAIN CELESTIAL GROUP, INC., a Delaware corporation (the “Company”), the Lenders (as defined below) party hereto and  BANK OF AMERICA, N.A., as administrative agent (in such capacity, the “Administrative Agent”).  Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement.

W I T N E S S E T H

WHEREAS, the Company, certain other wholly-owned Subsidiaries of the Company party thereto from time to time, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”) and the Administrative Agent are parties to that certain Third Amended and Restated Credit Agreement, dated as of February 6, 2018 (as amended, supplemented, extended, restated or otherwise modified from time to time, the “Credit Agreement”);

WHEREAS, the Company has requested that the Lenders amend certain provisions of the Credit Agreement; and

WHEREAS, the Lenders party hereto are willing to make such amendments to the Credit Agreement, in accordance with and subject to the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

Article 1
AMENDMENTS TO CREDIT AGREEMENT
1.1Amendments to Section 1.01.  
(a)The definition of “Alternative Currency” appearing in Section 1.01 of the Credit Agreement is hereby amended by deleting the reference to “Sterling” appearing therein.
(b)The definition of “Eurocurrency Rate” appearing in Section 1.01 of the Credit Agreement is hereby amended by deleting the following parenthetical appearing therein: “(or, in the case of any Loan denominated in Sterling, on the date such Interest Period commences)”.
(c)The definition of “LIBOR Quoted Currency” appearing in Section 1.01 of the Credit Agreement is hereby amended by deleting the reference to “Sterling” appearing therein.
(d)Section 1.01 of the Credit Agreement is hereby amended by inserting a new definition therein in appropriate alphabetical order to read as follows:
“Citibank Supplier Agreement” has the meaning specified in Section 7.05(e).
(e)Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of “Sterling” and “£” appearing therein.
1.2Amendment to Section 7.05(e).  Section 7.05(e) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

(e)    Dispositions (without recourse) of accounts receivable (i) pursuant to that certain Supplier Agreement, dated as of December 15, 2018, by and between the Company and Citibank, N.A., as the same may be amended from time to time with the consent of the Administrative Agent (which consent shall not be unreasonably withheld) (the “Citibank Supplier Agreement”), and (ii) pursuant to other supply chain or accounts receivable financing arrangements that, in either case, are on customary and market terms; provided that, in the case of clause (e)(ii), the fair market value of all such accounts receivable so disposed of in any fiscal quarter of the Company shall not exceed $25,000,000;
1.3Omnibus Amendment.  Each of the Loan Documents is hereby amended such that any reference in any such Loan Document to “Merrill Lynch, Pierce, Fenner & Smith Incorporated” shall be deemed a reference to “BofA Securities, Inc.”.
Article 2
CONDITIONS TO EFFECTIVENESS
2.1    Closing Conditions.  This Amendment shall become effective as of the date first above written (the “Fifth Amendment Effective Date”) upon satisfaction of the following conditions (in each case, in form and substance reasonably acceptable to the Administrative Agent):

(a)Executed Amendment.  The Administrative Agent shall have received a copy of this Amendment duly executed by each of the Company, the Required Lenders and the Administrative Agent.
(b)Default.  After giving effect to this Amendment, no Default or Event of Default shall exist.
(c)Fees, Costs and Expenses.  The Administrative Agent shall have received from the Company such fees, costs and expenses that are payable in connection with the consummation of the transactions contemplated hereby and Holland & Knight LLP shall have received from the Company payment of all outstanding fees and expenses previously incurred and all fees and expenses incurred in connection with this Amendment.
(d)Miscellaneous.  All other documents and legal matters in connection with the transactions contemplated by this Amendment shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel.
Article 3
MISCELLANEOUS
3.1Amended Terms.  On and after the Fifth Amendment Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment.  Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.
3.2Representations and Warranties of Loan Parties.  The Company represents and warrants as follows:
(a)It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.
(b)This Amendment has been duly executed and delivered by the Company and constitutes the Company’s legal, valid and binding obligation, enforceable in accordance with its terms, except as such 
2

enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).
(c)No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment.
(d)The representations and warranties of the Company and each other Loan Party contained in Article V of the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection therewith, are true and correct in all material respects on and as of the Fifth Amendment Effective Date, except that (i) such representations and warranties that specifically refer to an earlier date shall be true and correct in all material respects as of such earlier date, (ii) such representations and warranties shall be true and correct in all respects to the extent they are qualified by a materiality standard and (iii) the representations and warranties contained in clauses (a) and (c) of Section 5.03 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (c), respectively, of Section 6.01 of the Credit Agreement.
(e)As of the Fifth Amendment Effective Date, no event has occurred and is continuing which constitutes a Default or an Event of Default.
(f)The Obligations are not reduced or modified by this Amendment and are not subject to any offsets, defenses or counterclaims.
3.3Reaffirmation of Obligations.  The Company hereby ratifies the Credit Agreement and each other Loan Document to which it is a party, and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement and each such Loan Document applicable to it and (b) that it is responsible for the observance and full performance of its respective Obligations.
3.4Loan Document.  This Amendment shall constitute a Loan Document under the terms of the Credit Agreement.
3.5Expenses.  The Company agrees to pay all reasonable costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the reasonable fees and expenses of the Administrative Agent’s legal counsel.
3.6Further Assurances.  The Loan Parties agree to promptly take such action, upon the request of the Administrative Agent, as is necessary to carry out the intent of this Amendment.
3.7Entirety.  This Amendment and the other Loan Documents embody the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof.
3.8Counterparts.  This Amendment may be in the form of an Electronic Record and may be executed using Electronic Signatures (including, without limitation, facsimile and .pdf) and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record.  This Amendment may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Amendment; provided that, notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to agree to accept Electronic Signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; and provided further, without limiting the foregoing, upon the request of the Administrative Agent, any Electronic Signature shall be promptly followed by such manually executed counterpart.   For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Agent of a manually signed paper Communication which has been converted into 
3

electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention.  For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.
3.9No Actions, Claims, Etc.  As of the date hereof, the Company, on behalf of itself and each of the other Loan Parties, hereby acknowledges and confirms that it has no knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Administrative Agent, the Lenders, or the Administrative Agent’s or the Lenders’ respective officers, employees, representatives, agents, counsel or directors arising from any action by such Persons, or failure of such Persons to act under the Credit Agreement on or prior to the date hereof.  
3.10GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, INCLUDING FOR SUCH PURPOSES SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK.
3.11Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.
3.12Consent to Jurisdiction; Service of Process; Waiver of Jury Trial.  The jurisdiction, service of process and waiver of jury trial provisions set forth in Sections 10.14 and 10.15 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis.

4

IN WITNESS WHEREOF the parties hereto have caused this Amendment to be duly executed on the date first above written.

COMPANY:

THE HAIN CELESTIAL GROUP, INC.

By: /s/ Javier H. Idrovo            
       Name: Javier H. Idrovo
       Title:   EVP and Chief Financial Officer
    
The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

ADMINISTRATIVE AGENT:

BANK OF AMERICA, N.A.,
  as Administrative Agent

By: /s/ Ronaldo Naval            
       Name: Ronaldo Naval
       Title:   Vice President

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

LENDERS:

BANK OF AMERICA, N.A.,
  as a Lender

By: /s/ Jana L. Baker            
       Name: Jana L. Baker
       Title:   Senior Vice President

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

WELLS FARGO BANK, N.A.,
  as a Lender 

By: /s/ Stephanie Allegra            
       Name: Stephanie Allegra
       Title:   Senior Vice President

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

CITIZENS BANK, N.A.,
  as a Lender 

By: /s/ Angela Reilly            
Angela Reilly
Senior Vice President

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

FARM CREDIT EAST, ACA,
  as a Lender 

By: /s/ Justin A. Brown            
       Name: Justin A. Brown
       Title:   Vice President

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

JPMORGAN CHASE BANK, N.A.,
  as a Lender 

By: /s/ Alicia Schreibstein            
       Name: Alicia Schreibstein
       Title:   Executive Director

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

TD BANK, N.A.,
  as a Lender 

By: /s/ M. Bernadette Collins        
       Name: M. Bernadette Collins
       Title:   SVP

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

COBANK, ACB
  as a Lender 

By: /s/ John B. Trawick            
       Name: John B. Trawick
       Title:   Vice President

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

HSBC BANK USA, N.A.,
  as a Lender 

By: /s/ Steve Zambriczki            
       Name: Steve Zambriczki
       Title:   Sr. Vice President

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

CAPITAL ONE, NATIONAL ASSOCIATION
  as a Lender 

By: /s/ Jack Kelleher            
       Name: Jack Kelleher
       Title:   Sr. Manager

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, 
as a Lender

By: /s/ Andre Baladi            
       Name: Andre Baladi
       Title:   Managing Director

By: /s/ Irene Stephens            
       Name: Irene Stephens
       Title:   Executive Director

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

KEYBANK NATIONAL ASSOCIATION,
  as a Lender 

By: /s/ Hanna Piechocka            
       Name: Hanna Piechocka
       Title:   VP

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

KBC BANK N.V., NEW YORK BRANCH
  as a Lender 

By: /s/ Robbie Claes            
       Name: Robbie Claes
       Title:   Managing Director

By: /s/ Nicholas Fiore            
       Name: Nicholas Fiore
       Title:   Director

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

FARM CREDIT SERVICES OF AMERICA PCA
  as a Lender 

By: /s/ Curt A. Brown            
       Name: Curt A. Brown
       Title:   Vice President

The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

AGFIRST FARM CREDIT BANK,
  as a Lender 

By: /s/ Matt Jeffords            
       Name: Matt Jeffords
       Title:   Vice President
The Hain Celestial Group, Inc.
Fifth Amendment to Credit Agreement

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