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EXHIBIT 10.14
The CIT Group/
Business Credit, Inc.
3rd Floor
000 Xxxxx Xxxxx Xxxxxx
Xxx Xxxxxxx, XX 00000
Tel: (000) 000-0000
Fax: (000) 000-0000
December 16, 1997
Big 5 Corp.
0000 Xxxx Xx Xxxxxxx Xxxxxxxxx
Xx Xxxxxxx, XX 00000
Dear Sirs:
We refer to the Financing Agreement, dated March 8, 1996 (as previously amended,
the "Agreement") between Big 5 Corp., a Delaware corporation, as borrower (the
"Company") and The CIT Group/Business Credit, Inc., as agent and lender
(individually the "Agent", and together with the other lenders, the "Lenders").
Capitalized terms not otherwise defined herein shall be as defined in the
Agreement. The Company and the Lenders hereby agree that the Agreement is
amended, as follows:
1. The last sentence in paragraph 1 of Section 3 of the Agreement is hereby
amended by deleting the word "herein", and inserting in lieu thereof the words
"in the second sentence of this paragraph 1 of Section 3 of this Financing
Agreement".
2. Clause (b) of paragraph 10 of Section 12 of the Agreement is hereby
amended by deleting the words "in bulk", and inserting in lieu thereof the wards
"with a value greater than $2,500,000.00"
3. The word "third" set forth in the first sentence of paragraph 11 of
Section 12 is hereby deleted, and the word "fifth" is inserted in lieu thereof.
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Except as otherwise hereinabove provided, no other amendment or modification of
the Agreement is hereby intended or implied. If the foregoing is in accordance
with your understanding, please so indicate by signing and returning to us the
enclosed copy of this letter. Very truly yours,
The CIT Group/Business Credit, Inc.
(as Agent and Lender)
By: /s/ Illegible
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Title: Vice President
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Read and Agreed to:
Big 5 Corp.
By: /s/ Xxxxxxx X. Xxxx
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Title: Sr. Vice President / CFO
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BT Commercial Corporation (as Lender)
By: /s/ Illegible
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Title:
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National Bank of Canada (as Lender)
By: /s/ Illegible /s/ Xxxx Xxxxx
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Title: Vice President Vice President
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Sanwa Business Credit Corporation (as Lender)
By: /s/ Illegible
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Title: Vice President
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Transamerica Business Credit (as Lender)
By: /s/ Xxxxxx Xxxxxxxxx
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Title: Senior Account Executive
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