Exhibit 10.1
HSBC Bank USA, National Association
00 Xxxxx Xxxxxxxx
Xxxxx, XX 00000
August 31, 2004
Xx. Xxxxxxx Xxxxx
Chief Financial Officer
Saucony, Inc.
00 Xxxxxxxxxx Xxxxx
Xxxxxxx, XX 00000
Re: Amended and Restated Credit Agreement dated as of August 30, 2002, by and
between Saucony, Inc. (the "Borrower"), as borrower and, as successor in
interest to State Street Bank and Trust Company, HSBC Bank USA, National
Association (the "Bank"), as agent for the lenders from time to time party
thereto (as amended, the "Credit Agreement")
Gentlemen:
The Borrower and the Bank hereby agree as follows:
The definition of "Credit Termination Date" contained in Section 1.1 of the
Credit Agreement is hereby amended to state as follows:
"Credit Termination Date" shall mean August 31, 2005.
This Letter Agreement may be executed in any number of counterparts and by
the parties hereto on separate counterparts, each of which counterpart when
executed and delivered shall be an original, but all of which together shall
constitute one and the same instrument.
This Letter Agreement shall be governed by and construed in accordance with
the laws of The Commonwealth of Massachusetts.
Mr. Michael Umara
August 31, 2004
Page Two
The Borrower agrees that the Credit Agreement and all documents executed in
connection therewith or pursuant thereto remain in full force and effect after
giving effect to this Letter Agreement.
Please confirm that the foregoing correctly sets forth our agreement by
signing and returning the duplicate copy of this Letter Agreement enclosed
herewith.
Very truly yours,
HSBC Bank USA, National Association
By: /s/ Xxxx X. Xxxxxxx
Name: Xxxx X. Xxxxxxx
Title: Vice President
ACCEPTED AND AGREED:
SAUCONY, INC.
By: /s/ Xxxxxxx Xxxxx
Name: Xxxxxxx Xxxxx
Title: Chief Financial Officer
Cnw\agree\saucony2(baw)
