Exhibit 10.3
AMENDMENT TO PLEDGE AND SECURITY AGREEMENT
AMENDMENT TO PLEDGE AND SECURITY AGREEMENT, dated as of November 18,
1997, between XXXXXX & XXXXX, INC., a corporation duly organized and validly
existing under the laws of the State of Delaware (the "Company"); each of the
Subsidiaries of the Company identified under the caption "SUBSIDIARY
GUARANTORS" on the signature pages hereof (individually, a "Subsidiary
Guarantor" and, collectively, the "Subsidiary Guarantors" and, together with
the Company, the "Obligors"); and THE CHASE MANHATTAN BANK, as agent for the
lenders or other financial institutions or entities party, as lenders, to the
Credit Agreement referred to below (in such capacity, together with its
successors in such capacity, the "Administrative Agent").
The Company, the Subsidiary Guarantors, certain lenders and
the Administrative Agent are parties to a Amended and Restated Credit
Agreement dated as of November 18, 1997 (as modified and supplemented and in
effect from time to time, the "Amended and Restated Credit Agreement"),
providing, subject to the terms and conditions thereof, for extensions of
credit (by making of loans and issuing letters of credit) to be made by said
lenders to the Company in an aggregate principal or face amount not exceeding
$850,000,000 (as that amount may be increased as provided therein). The
Obligors and the Agent wish to amend the Security Agreement referred to in the
Amended and Restated Credit Agreement in certain respects and, accordingly,
agree as follows:
Section 2. Definitions. Except as otherwise defined in this
Amendment, terms defined in the Amended and Restated Credit Agreement are used
herein as defined therein.
Section 3. Amendments. Subject to the satisfaction of the conditions
precedent specified in Section 3 below, but effective as of the date hereof
the Security Agreement shall be amended as follows:
a. Amount of Credit Agreement. The second paragraph of the
Security Agreement is amended by replacing the reference to
"$550,000,000" with a reference to "$850,000,000."
b. Name Change. The Administrative Agent has changed its
name from The Chase Manhattan Bank (National Association) to The
Chase Manhattan Bank and each reference in the Security Agreement to
The Chase Manhattan Bank (National Association) shall be deemed to be
a reference to The Chase Manhattan Bank.
c. Annex 1. Annex 1 to the Security Agreement shall be
amended in its entirety to read as Annex 1 hereto.
d. Annex 2. Annex 2 to the Security Agreement shall be
amended in its entirety to read as Annex 2 hereto.
e. Annex 3. Annex 3 to the Security Agreement shall be
amended in its entirety to read as Annex 3 hereto.
f. Annex 4. Annex 4 to the Security Agreement shall be
amended in its entirety to read as Annex 4 hereto.
g. Annex 5. Annex 4 to the Security Agreement shall be
amended in its entirety to read as Annex 5 hereto.
h. Amendment and Restatement of Credit Agreement. Each
reference in the Security Agreement to the Credit Agreement shall be
deemed to be a reference to the Amended and Restated Credit
Agreement.
Section 4. Conditions Precedent. As provided in Section 2 above, the
amendments set forth in Section 2 shall become effective, as of the date
hereof, upon the due execution and delivery of this Amendment by the
Exhibit 10.3
Obligors and the Agent.
Section 5. Miscellaneous. Except as herein provided, the Security
Agreement shall remain unchanged and in full force and effect. This Amendment
may be executed in any number of counterparts, all of which taken together
shall constitute one and the same amendatory instrument and any of the parties
hereto may execute this Amendment by signing any such counterpart. This
Amendment shall be governed by, and construed in accordance with, the internal
laws of the State of New York.
2
Exhibit 10.3
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered as of the day and year first above written.
XXXXXX & XXXXX, INC.
By ___________________________________
Title:
SUBSIDIARY GUARANTORS
X. XXXXXX BOOKSELLER, INC.
By ___________________________________
Title:
XXXXXX & XXXXX BOOKSELLERS, INC.
By ___________________________________
Title:
XXXXXXXXXXXXXX.XXX, INC.
By ___________________________________
Title:
MARBORO BOOKS CORP.
By ___________________________________
Title:
DOUBLEDAY BOOK SHOPS, INC.
By ___________________________________
Title:
3
Exhibit 10.3
CCI HOLDINGS, INC.
By ___________________________________
Title:
4
Exhibit 10.3
THE CHASE MANHATTAN BANK, as Administrative Agent
By ___________________________________
Title:
5
Exhibit 10.3
ANNEX 1
PLEDGED STOCK
XXXXXX & XXXXX, INC.
--------------------
Issuer Certificate Registered Number of Shares
Nos. Owner
------ ----------- ---------- ----------------
X. Xxxxxx C-1 Xxxxxx & 360 shares of common
Bookseller, Inc. Noble, Inc. stock, par value $100
Xxxxxx & Xxxxx 1 Xxxxxx & 100 shares of common
Superstores, Inc. Noble, Inc. stock, par value $1
Marboro Books Corp. 4 Xxxxxx & 10 shares of common
Noble, Inc. stock, no par value
CCI Holdings, Inc. 1 Xxxxxx & 3,000 shares of common
Noble, Inc. stock, par value $1
X. XXXXXX BOOKSELLER, INC.
--------------------------
Doubleday Book 5 X. Xxxxxx 1,000 shares of common
Shops, Inc. Bookseller, stock, par value $1
Inc.
XXXXXX & XXXXX SUPERSTORES, INC.
--------------------------------
None
MARBORO BOOKS CORP.
-------------------
None
DOUBLEDAY BOOK SHOPS, INC.
--------------------------
None
CCI HOLDINGS, INC.
------------------
None
6
Exhibit 10.3
ANNEX 2
LIST OF PATENTS AND PATENT APPLICATIONS
XXXXXX & NOBLE, INC.
--------------------
File Patent Country Registration No. Date
------------------------------------------------------------------------------
NONE
X. XXXXXX BOOKSELLER, INC.
--------------------------
File Patent Country Registration No. Date
------------------------------------------------------------------------------
NONE
XXXXXX & NOBLE SUPERSTORES, INC.
--------------------------------
File Patent Country Registration No. Date
------------------------------------------------------------------------------
NONE
MARBORO BOOKS CORP.
-------------------
File Patent Country Registration No. Date
------------------------------------------------------------------------------
NONE
DOUBLEDAY BOOK SHOPS, INC.
--------------------------
File Patent Country Registration No. Date
------------------------------------------------------------------------------
NONE
CCI HOLDINGS, INC.
------------------
File Patent Country Registration No. Date
------------------------------------------------------------------------------
NONE
1
Exhibit 10.3
ANNEX 3
LIST OF TRADE NAMES, TRADEMARKS, SERVICES MARKS,
TRADEMARK AND SERVICE XXXX REGISTRATIONS AND
APPLICATIONS FOR TRADEMARK AND SERVICE XXXX REGISTRATIONS
A. U.S. Trademarks
---------------
XXXXXX & XXXXX, INC.
--------------------
Application (A)
Registration (R) Registration
Xxxx or Series No. (S) or Filing Date
------------------------------------------------------------------------------
None
X. XXXXXX BOOKSELLER, INC.
--------------------------
Application (A)
Registration (R) Registration
Xxxx or Series No. (S) or Filing Date
------------------------------------------------------------------------------
Books Xxxxxx (Design) 1,643,985 (R) 05-07-91
Books Xxxxxx 1,667,902 (R) 12-10-91
X. Xxxxxx Xx. 1,684,036 (R) 04-21-92
X. Xxxxxx Xx. (Design) 1,667,039 (R) 12-03-91
The Wordpublisher (Design) 1,607,811 (R) 07-24-90
Book$avers 1,597,933 (R) 05-22-90
P.B. Pages 1,814,553 (R) 12-28-93
X. Xxxxxx'x 1,293,494 (R) 09-04-84
Xxxxxx & Noble Jr. (Design) 1,609,403 (R) 08-07-90
Xxxxxx & Noble Jr. 1,606,005 (R) 07-10-90
X. Xxxxxx Bookseller 846,824 (R) 03-26-68
X. Xxxxxx 1,158,498 (R) 06-23-81
Hooked on Books 1,147,660 (R) 02-24-81
1
Exhibit 10.3
People Who Know Books
Know X. Xxxxxx 1,306,552 (R) 11-20-84
Amaranth Press 1,404,928 (R) 08-12-86
Reader's Express 1,646,374 (R) 05-28-91
Pickwick 1,047,832 (R) 09-07-86
Lamp of Learning (Design) 1,607,811 (R) 07-24-90
XXXXXX & XXXXX SUPERSTORES, INC.
--------------------------------
Application (A)
Registration (R) Registration
Xxxx or Series No. (S) or Filing Date
------------------------------------------------------------------------------
Bookstar (Design) 1,558,604 (R) 09-26-89
MARBORO BOOKS CORP.
-------------------
Application (A)
Registration (R) Registration
Xxxx or Series No. (S) or Filing Date
------------------------------------------------------------------------------
None
CCI HOLDINGS, INC.
------------------
Application (A)
Registration (R) Registration
Xxxx or Series No. (S) or Filing Date
------------------------------------------------------------------------------
None
DOUBLEDAY BOOK SHOPS, INC.
Application (A)
Registration (R) Registration
Xxxx or Series No. (S) or Filing Date
------------------------------------------------------------------------------
The Old Corner (Mass.) 0025314 (R) 12-11-94
Bookstore
Books of All Publishers
Since 1910 (and Design) 1,516,823 (R) 12-13-88
2
Exhibit 10.3
B. U.S. Tradenames
---------------
Xxxxxx & Noble
Marboro Books
Bookstop
3
Exhibit 10.3
Foreign Trademarks
------------------
XXXXXX & XXXXX, INC.
--------------------
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
------------------------------------------------------------------------------
NONE
X. XXXXXX BOOKSELLER, INC.
--------------------------
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
------------------------------------------------------------------------------
NONE
XXXXXX & XXXXX SUPERSTORES, INC.
--------------------------------
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
------------------------------------------------------------------------------
NONE
MARBORO BOOKS CORP.
-------------------
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
------------------------------------------------------------------------------
NONE
DOUBLEDAY BOOK SHOPS, INC.
--------------------------
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
------------------------------------------------------------------------------
NONE
CCI HOLDINGS, INC.
------------------
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
------------------------------------------------------------------------------
NONE
4
Exhibit 10.3
ANNEX 4
LIST OF CONTRACTS, LICENSES AND OTHER AGREEMENTS
RELATING TO INTELLECTUAL PROPERTY
XXXXXX & NOBLE, INC.
--------------------
License Agreement dated as of February 11, 1989 between Xxxxxx & Xxxxx College
Bookstores, Inc. and Xxxxxx & Noble Discount Bookstores, Inc. (a predecessor
of X. Xxxxxx Bookseller, Inc.)
X. XXXXXX BOOKSELLER, INC.
--------------------------
Letter Agreement dated as of February 21, 1989 from Xxxxxxxx'x Book Companies,
Inc. and MacMillan, Inc. to X. Xxxxxx Bookseller, Inc.
XXXXXX & XXXXX SUPERSTORES, INC.
--------------------------------
NONE
MARBORO BOOKS CORP.
-------------------
NONE
DOUBLEDAY BOOK SHOPS, INC.
--------------------------
Trade Xxxx and Service Xxxx License dated as of May 31, 1990 between Bantam
Doubleday Dell Publishing Group, Inc. and Doubleday Book Shops, Inc.
CCI HOLDINGS, INC.
------------------
NONE
1
Exhibit 10.3
ANNEX 5
LIST OF LOCATIONS
XXXXXX & NOBLE, INC. X. XXXXXX BOOKSELLER, INC.
------------------- --------------------------
1. 000 Xxxxx Xxxxxx 1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx 2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, Xxx Xxxx 00000 Xxxxxxxx, XX 00000
XXXXXX & NOBLE SUPERSTORES, INC. 3. Center Point Industrial Park
------------------------------- 00 Xxxxx Xxxxxxxxx Xxxxxx
Xxxxxxxx, XX 00000
1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000 4. 00 Xxxxx Xxxxxxxxx Xxxxxx
Xxxxxxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, Xxx Xxxx 00000 5. 00 Xxxxxxxx Xxxxx
Xxxxx Xxxxxxxxx, XX 00000
MARBORO BOOKS CORP. CCI HOLDINGS, INC.
------------------- ------------------
1. 000 Xxxxx Xxxxxx 1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx 2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, Xxx Xxxx 00000 Xxxxxxxx, XX 00000
3. One Pond Road 3. 00000 Xxxxxxxx Xxxx
Xxxxxxxxx, XX 00000 Xxxxxx, XX 00000
DOUBLEDAY BOOK SHOPS, INC.
--------------------------
1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, Xxx Xxxx 00000
