SEC Contract Filing

Filing Date: 2020-03-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>skx-ex101_11.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
skx-ex101_11.htm
</title>
</head>
<!-- NG Converter v5.0.2.38 -->
<body>

<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">FIRST AMENDMENT TO A&amp;R LOAN AGREEMENT</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This First Amendment to A&amp;R Loan Agreement is dated as of the 18<sup style="font-size:85%;line-height:120%;vertical-align:top">th</sup> day of March, 2020 (the &#8220;<font style="text-decoration:underline;">First Amendment</font>&#8221;) and is entered into by and between <font style="font-weight:bold;letter-spacing:-0.1pt;">HF LOGISTICS-SKX T1, LLC</font><font style="letter-spacing:-0.1pt;">, a Delaware limited liability company</font> (the &#8220;<font style="text-decoration:underline;">Borrower</font>&#8221;), each lender from time to time party to the Loan Agreement (individually, a &#8220;<font style="text-decoration:underline;">Lender</font>&#8221; and collectively, the &#8220;<font style="text-decoration:underline;">Lenders</font>&#8221;), and <font style="font-weight:bold;letter-spacing:-0.1pt;">BANK OF AMERICA, N.A.</font><font style="letter-spacing:-0.1pt;">, a national banking association</font>, in its capacity as administrative agent for each Lender (&#8220;<font style="text-decoration:underline;">Administrative Agent</font>&#8221;).</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">RECITALS</font><font style="font-weight:normal;">:</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.<font style="margin-left:36pt;">Borrower, Administrative Agent, and Lenders previously entered into an Amended and Restated Loan Agreement dated as of August 12, 2015 (the &#8220;Loan Agreement&#8221;) in which Lenders agreed to make a $70,000,000.00 loan (the &#8220;Loan&#8221;) to Borrower, as evidenced by three (3) certain Amended and Restated Promissory Notes each executed on August 12, 2015 by Borrower, one in favor of each Lender and in the aggregate stated principal amount of $70,000,000.00 (the &#8220;Prior Notes&#8221;).&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.<font style="margin-left:36pt;">Borrower has requested and Lenders are willing to increase the Loan to $129,505,000.00 and make certain other modifications to the terms of the Loan (the &#8220;Loan Modification&#8221;).</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.<font style="margin-left:36pt;">In connection with the Loan Modification, Borrower has executed of even date herewith by three (3) Amended and Restated Promissory Notes, one in favor of each Lender in the aggregate stated principal amount of $129,505,000.00, which amend and restate the Prior Notes (which had an aggregate outstanding principal balance of $63,328,500.00 immediately prior to being so amended and restated), and increased the principal indebtedness by an additional $66,176,500.00.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">D.<font style="margin-left:36pt;">Additionally, Borrower, Administrative Agent, and Lender executed certain other loan modification documents of even date herewith.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E.<font style="margin-left:36pt;">Borrower, Administrative Agent, and Lenders desire hereby to modify certain terms and provisions of the Loan Agreement as hereinafter set forth.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, <font style="font-weight:normal;">in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">I.<font style="margin-left:36pt;">The foregoing recitals are true and correct and constitute a part of thi