EXHIBIT 10.2
SECURITY AGREEMENT
Dated April 24, 1998
From
THE GRANTORS NAMED HEREIN
as Grantors,
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to
BANQUE NATIONALE DE PARIS,
as Agent
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TABLE OF CONTENTS
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Page
SECTION 1. Grant of Security............................................. 2
SECTION 2. Security for Obligations...................................... 6
SECTION 3. Grantors Remain Liable........................................ 6
SECTION 4. Delivery of Security Collateral, Account Collateral
and other Collateral......................................... 7
SECTION 5. Maintaining the L/C Cash Collateral Account................... 8
SECTION 6. Maintaining the Blocked Accounts.............................. 8
SECTION 7. Investing of Amounts in the L/C Cash Collateral Account....... 9
SECTION 8. Representations and Warranties................................ 9
SECTION 9. Further Assurances............................................ 12
SECTION 10. As to Equipment and Inventory................................. 13
SECTION 11. Insurance..................................................... 14
SECTION 12. Place of Perfection; Records; Collection of Receivables....... 14
SECTION 13. Voting Rights; Dividends; Etc................................. 15
SECTION 14. As to the Assigned Agreements................................. 17
SECTION 15. Transfers and Other Liens; Additional Shares.................. 18
SECTION 16. Agent Appointed Attorney-in-Fact.............................. 18
SECTION 17. Agent May Perform............................................. 19
SECTION 18. The Agent's Duties............................................ 19
SECTION 19. Remedies...................................................... 19
SECTION 20. Registration Rights........................................... 21
SECTION 21. Indemnity and Expenses........................................ 22
ii
SECTION 22. Security Interest Absolute.................................... 22
SECTION 23. Amendments; Waivers; Etc...................................... 23
SECTION 24. Addresses for Notices......................................... 24
SECTION 25. Continuing Security Interest; Assignments Under the
Credit Agreement............................................. 24
SECTION 26. Release and Termination....................................... 24
SECTION 27. The Mortgages................................................. 25
SECTION 28. Governing Law; Submission to Jurisdiction; Waiver of
Jury Trial; Etc.............................................. 25
SCHEDULES
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Schedule I - Pledged Shares and Pledged Indebtedness
Schedule II - Assigned Agreements
Schedule III - Locations of Equipment and Inventory
Schedule IV - Trade Names and Trademarks
Schedule V - Blocked Accounts
Schedule VI - Financing Statements
EXHIBITS
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Exhibit A - Form of Blocked Account Letter
Exhibit B - Form of Security Agreement Supplement
Exhibit C - Form of Consent and Agreement
SECURITY AGREEMENT, dated April 24, 1998 made by IRON AGE CORPORATION,
a Delaware corporation (the "Borrower"), IRON AGE HOLDINGS CORPORATION, a
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Delaware corporation, and the Persons listed on the signature pages hereof under
the caption "The Collateral Grantors" (such Persons, together with the Borrower
and the Additional Collateral Grantors (as defined in Section 23(c)), the
"Grantors", and each individually, a "Grantor"), to BANQUE NATIONALE DE PARIS
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("BNP"), as agent (together with any successor agent appointed pursuant to
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Article VIII of the Credit Agreement, the "Agent") for the lenders (the
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"Lenders") and the swing line bank (the "Swing Line Bank") party to the Credit
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Agreement (as hereinafter defined), and the issuer of Letters of Credit (the
"Issuing Bank") under the Credit Agreement and as custodian for the Hedge Banks
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(as defined in the Credit Agreement).
PRELIMINARY STATEMENTS:
(1) The Borrower has entered into a Credit Agreement dated as of
April 24, 1998 (as amended, supplemented or otherwise modified, the "Credit
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Agreement"; the terms defined therein and not otherwise defined herein being
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used herein as therein defined) with the Lenders, the Issuing Bank, the Swing
Line Bank and the Agent.
(2) Each Grantor is the owner of (i) the shares of stock
(collectively, the "Pledged Shares"), described opposite such Grantor's name on
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Part A of Schedule I hereto and issued by the corporations named therein, (ii)
the indebtedness (the "Pledged Indebtedness") described opposite such Grantor's
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name on Part B of Schedule I hereto and issued by the obligors named therein,
(iii) the security entitlements (the "Pledged Security Entitlements") described
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opposite such Grantor's name on Part C of Schedule I hereto and with respect to
the financial assets described, the securities intermediary named, and the
securities accounts (the "Securities Accounts") referred to, therein, and (iv)
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the commodity contracts (the "Pledged Commodity Contracts") described opposite
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such Grantor's name on Part D of Schedule I hereto and with respect to the
commodity intermediary named, and the commodity accounts (the "Commodity
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Accounts") referred to, therein.
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(3) The Borrower has opened a non-interest bearing cash collateral
account (the "L/C Cash Collateral Account") with BNP at its offices at 000 Xxxx
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Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Account No. 202906-001-35, in the name of the
Borrower but under the sole dominion and control of the Agent and subject to the
terms of this Agreement.
(4) It is a condition precedent to the making of Advances by the
Lender Parties under the Credit Agreement and the issuance of Letters of Credit
by the Issuing Bank under the Credit Agreement that each Grantor shall have
granted the assignment and security interest and made the pledge contemplated by
this Agreement.
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(5) Unless otherwise defined herein or in the Credit Agreement,
terms defined in Article 8 or Article 9 of the New York Uniform Commercial Code
as in effect at such time (the "Code") are used herein as therein defined.
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NOW, THEREFORE, in consideration of the premises and in order to
induce the Lender Parties to make Advances under the Credit Agreement, the
Issuing Bank to issue Letters of Credit under the Credit Agreement and the Hedge
Banks to enter into arrangements permitted by Section 5.02(b)(ii)(A) of the
Credit Agreement, each Grantor hereby agrees with the Agent for the ratable
benefit of the Secured Parties as follows:
SECTION 1. Grant of Security. Each Grantor hereby assigns and
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pledges to the Agent for the benefit of the Secured Parties, and hereby grants
to the Agent for the benefit of the Secured Parties, a security interest in the
following (collectively, the "Collateral"):
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(a) all of such Grantor's right, title and interest, whether now
owned or hereafter acquired, in and to all equipment in all of its forms
wherever located, now or hereafter existing (including, without limitation,
shoemobiles, boxes to be used in connection with shoemobiles, shelving
units, racks, benches, computers, lasting machines, injection molding
machines and other manufacturing machinery), all fixtures and all parts
thereof and all accessions thereto (any and all such equipment, fixtures,
parts and accessions being the "Equipment");
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(b) all of such Grantor's right, title and interest, whether now
owned or hereafter acquired, in and to all inventory in all of its forms,
wherever located, now or hereafter existing (including, but not limited to,
(i) all shoes, boots, shoe packaging, leather, outsoles, urethane
compounds, steel toe caps, raw materials and work in process therefor,
finished goods thereof and materials used or consumed in the manufacture or
production thereof, (ii) goods in which such Grantor has an interest in
mass or a joint or other interest or right of any kind (including, without
limitation, goods in which such Grantor has an interest or right as
consignee), (iii) goods that are returned to or repossessed by such Grantor
and (iv) goods in transit to or from such Grantor), and all accessions
thereto and products thereof and documents therefor (any and all such
inventory, accessions, products and documents being the "Inventory");
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(c) all of such Grantor's right, title and interest, whether now
owned or hereafter acquired, in and to all accounts, contract rights,
chattel paper, instruments, deposit accounts, general intangibles, rights
to payment of money and other obligations of any kind, now or hereafter
existing, whether or not arising out of or in connection with the sale or
lease of goods or the rendering of services, and all rights now or
hereafter existing in and to all security agreements, leases and other
contracts securing or otherwise relating to any such accounts, contract
rights, chattel paper, instruments,
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deposit accounts, general intangibles or obligations (any and all such
accounts, contract rights, chattel paper, instruments, deposit accounts,
general intangibles and obligations, to the extent not referred to in
clause (d), (e), (f) or (g) below, being the "Receivables", and any and all
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such leases, security agreements and other contracts being the "Related
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Contracts");
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(d) all of the following (collectively, the "Security Collateral"):
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(i) the Pledged Shares and the certificates representing the
Pledged Shares, and all dividends, cash, instruments and other
property and assets from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all of
the Pledged Shares;
(ii) the Pledged Indebtedness and the instruments evidencing
the Pledged Indebtedness, and all interest, cash, instruments and
other property and assets from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all of
the Pledged Indebtedness;
(iii) the Pledged Security Entitlements and all dividends,
interest, cash, instruments and other property from time to time
received, receivable or otherwise distributed in respect of or in
exchange for any or all of such Pledged Security Entitlements;
(iv) the Securities Accounts, all security entitlements from
time to time carried in the Securities Accounts, and all dividends,
interest, cash, instruments and other property from time to time
received, receivable or otherwise distributed in respect of or in
exchange for any or all of such security entitlements;
(v) the Pledged Commodity Contracts and all value, cash,
instruments and other property from time to time received, receivable
or otherwise distributed in respect of or in exchange for any or all
of such Pledged Commodity Contracts;
(vi) the Commodity Accounts, all commodity contracts from time
to time carried in the Commodity Accounts, and all value, cash,
instruments and other property from time to time received, receivable
or otherwise distributed in respect of or in exchange for any or all
of such commodity contracts;
(vii) all additional shares of stock, from time to time
acquired by such Grantor in any manner, and the certificates
representing such additional shares
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and all dividends, cash, instruments and other property and assets
from time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all of such additional shares;
provided, that none of the Grantors shall be required to pledge any
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shares of Voting Stock or other ownership interest in any Foreign
Subsidiary directly owned thereby which, when aggregated with all of
the other shares of Voting Stock or other ownership interest in such
Foreign Subsidiary pledged by such Grantor and the other Grantors,
would result in more than 66% of the Voting Stock or other ownership
interest in such Foreign Subsidiary entitled to vote (within the
meaning of Treasury Regulation Section 1.956-2(c)(2) promulgated under
the Internal Revenue Code) (the "Voting Equity Interests") (on a fully
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diluted basis) being pledged to the Agent, on behalf of the Secured
Parties, under this Agreement and the other Collateral Documents
(although all of the shares of stock or other ownership interests in
such Foreign Subsidiary not entitled to vote (within the meaning of
Treasury Regulation Section 1.956-2(c)(2) promulgated under the
Internal Revenue Code) (the "Non-Voting Equity Interests") shall be
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pledged by each of the Grantors that directly owns any such Non-Voting
Equity Interest therein); provided further that, if, as a result of
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any change in the tax laws of the United States of America after the
date of this Agreement, the pledge by such Grantor of any additional
shares of directly owned Voting Stock or other ownership interest in
any such Foreign Subsidiary to the Agent, on behalf of the Secured
Parties, under this Agreement or any of the other Collateral Documents
would not result in an increase in the aggregate net consolidated tax
liabilities of the Borrower and its Subsidiaries, then, promptly after
the change in such laws, all such additional shares of Voting Stock or
other ownership interests shall be so pledged under this Agreement or
such other Collateral Document, as applicable, and; provided further,
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that none of the Grantors shall be required to pledge any shares of
stock or other ownership interest in any Foreign Subsidiary that is
not directly owned by such Grantor (all such shares of stock or other
ownership interests not required to be pledged to the Agent, on behalf
of the Secured Parties, pursuant to this subsection (vii) hereinafter
referred to as the "Excluded Equity Interests");
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(viii) all additional indebtedness from time to time owed to
such Grantor in any manner and the instruments evidencing such
additional indebtedness, and all interest, cash, instruments and other
property and assets from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all such
additional indebtedness; and
(ix) all additional investment property (including, without
limitation, all (A) securities, whether certificated or
uncertificated, (B) security
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entitlements, as defined in Section 8-102(a)(17) of the Code or, in
the case of any U.S. Treasury book-entry securities, as defined in 31
C.F.R. Section 357.2, or, in the case of any U.S. federal agency book-
entry securities, as defined in the corresponding U.S. federal
regulations governing such book-entry securities, (C) securities
accounts, (D) commodity contracts and (E) commodity accounts) in which
such Grantor has or acquires from time to time any right, title or
interest in any manner, and the certificates or instruments, if any,
representing or evidencing such investment property, and all
dividends, interest, distributions, value, cash, instruments and other
property from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such
investment property, excluding from clauses (A), (B) and (C) of this
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subsection (ix) all Excluded Equity Interests;
(e) all of such Grantor's right, title and interest in and to each
agreement set forth beneath such Grantor's name on Schedule II hereto and
each Hedge Agreement to which the Borrower is now or may hereafter become a
party, in each case as such agreement may be amended, supplemented or
otherwise modified from time to time (collectively, the "Assigned
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Agreements"), including, without limitation, (i) all rights of such Grantor
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to receive moneys due and to become due under or pursuant to the Assigned
Agreements, (ii) all rights of such Grantor to receive proceeds of any
insurance, indemnity, warranty or guaranty with respect to the Assigned
Agreements or any instruments, opinions or documents delivered pursuant
thereto, (iii) all rights of such Grantor in and to all mortgages, security
agreements, leases or other contracts securing or otherwise relating to the
Assigned Agreements, (iv) all claims of such Grantor for damages arising
out of or for breach of or default under the Assigned Agreements and (v)
all rights of such Grantor to terminate the Assigned Agreements, to perform
thereunder and to compel performance and otherwise exercise all remedies
thereunder (all such Collateral being the "Agreement Collateral");
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(f) all of the following (collectively, the "Account Collateral"):
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(i) the L/C Cash Collateral Account, all funds held therein
and all certificates and instruments, if any, from time to time
representing or evidencing the L/C Cash Collateral Account;
(ii) all Blocked Accounts (as hereinafter defined), all funds
held therein and all certificates and instruments, if any, from time
to time representing or evidencing the Blocked Accounts;
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(iii) all other deposit accounts of such Grantor, all funds
held therein and all certificates and instruments, if any, from time
to time representing or evidencing such deposit accounts;
(iv) all Collateral Investments (as hereinafter defined) from
time to time and all certificates and instruments, if any, from time
to time representing or evidencing the Collateral Investments;
(v) all notes, certificates of deposit, deposit accounts,
checks and other instruments from time to time hereafter delivered to
or otherwise possessed by the Agent for or on behalf of such Grantor
in substitution for or in addition to any or all of the then existing
Account Collateral;
(vi) all interest, dividends, cash, instruments and other
property from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of the then
existing Account Collateral; and
(g) all of such Grantor's right, title and interest in and to all
general intangibles of such Grantor (other than general intangibles for
money due or to become due and described in clause (c) above), including,
without limitation, all trademarks (including, without limitation, the
trade names and trademarks listed on Schedule IV attached hereto), trade
names, trade styles, trade secrets, services marks, logos, copyrights,
patents, patent applications and all licenses, license applications,
registrations and registration applications and good will relating to or
associated with any of the foregoing; and
(h) all proceeds of any and all of the foregoing Collateral
(including, without limitation, proceeds that constitute property of the
types described in clauses (a) through (g) of this Section 1) and, to the
extent not otherwise included, all (i) payments under insurance (whether or
not the Agent is the loss payee thereof), or any indemnity, warranty or
guaranty, payable by reason of loss or damage to or otherwise with respect
to any of the foregoing Collateral and (ii) cash.
SECTION 2. Security for Obligations. The pledge, assignment and
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security interest granted under this Agreement by each Grantor secure the
payment of all Obligations of such Grantor now or hereafter existing under the
Loan Documents, whether for principal, interest, premiums, fees, expenses or
otherwise (all such Obligations being the "Secured Obligations"). Without
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limiting the generality of the foregoing, this Agreement secures the payment of
all amounts that constitute part of the Secured Obligations and would be owed by
such Grantor to the Secured Parties under the Loan Documents but for the fact
that they are
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unenforceable or not allowable due to the existence of a bankruptcy,
reorganization or similar proceeding involving such Grantor.
SECTION 3. Grantors Remain Liable. Anything herein to the contrary
----------------------
notwithstanding, (a) each Grantor shall remain liable under the contracts and
agreements included in the Collateral to the extent set forth therein to perform
all of its duties and obligations thereunder to the same extent as if this
Agreement had not been executed, (b) the exercise by the Agent of any of the
rights hereunder shall not release any Grantor from any of its duties or
obligations under the contracts and agreements included in the Collateral, and
(c) no Secured Party shall have any obligation or liability under the contracts
and agreements included in the Collateral by reason of this Agreement, nor shall
any Secured Party be obligated to perform any of the obligations or duties of
any Grantor thereunder or to take any action to collect or enforce any claim for
payment assigned hereunder.
SECTION 4. Delivery of Security Collateral, Account Collateral and
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other Collateral. (a) All certificates or instruments representing or
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evidencing Security Collateral or Account Collateral shall be delivered to and
held by or on behalf of the Agent pursuant hereto and shall be in suitable form
for transfer by delivery, or shall be accompanied by duly executed instruments
of transfer or assignment in blank, all in form and substance satisfactory to
the Agent. Upon the occurrence and during the continuance of any Event of
Default, the Agent shall have the right, at any time in its discretion and
without notice to any Grantor, to transfer to or register in the name of the
Agent or any of its nominees any or all of the Security Collateral and the
Account Collateral subject only to the revocable rights specified in Section
13(a). In addition, after the occurrence and during the continuance of an Event
of Default, the Agent shall have the right at any time to exchange certificates
or instruments representing or evidencing Security Collateral or Account
Collateral for certificates or instruments of smaller or larger denominations.
(b) With respect to any Security Collateral that constitutes a
security and is not represented or evidenced by a certificate or an instrument,
the applicable Grantor shall cause the issuer thereof either (i) to register the
Agent as the registered owner of such security or (ii) to agree in writing with
such Grantor and the Agent that such issuer will comply with instructions with
respect to such security originated by the Agent without further consent of such
Grantor, such agreement to be in form and substance satisfactory to the Agent.
(c) With respect to any Security Collateral that constitutes a
security entitlement, the applicable Grantor shall cause the securities
intermediary with respect to such security entitlement either (i) to identify in
its records the Agent as having such security entitlement against such
securities intermediary or (ii) to agree in writing with such Grantor and the
Agent that such securities intermediary will comply with entitlement orders
(that is, notifications communicated to such securities intermediary directing
transfer or redemption of
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the financial asset to which such Grantor has a security entitlement) originated
by the Agent without further consent of such Grantor, such agreement to be in
form and substance satisfactory to the Agent.
(d) With respect to any Security Collateral that constitutes a
commodity contract, the applicable Grantor shall cause the commodity
intermediary with respect to such commodity contract to agree in writing with
such Grantor and the Agent that such commodity intermediary will apply any value
distributed on account of such commodity contract as directed by the Agent
without further consent of such Grantor, such agreement to be in form and
substance satisfactory to the Agent.
(e) With respect to any Security Collateral that constitutes a
securities account or a commodity account, the applicable Grantor shall, in the
case of a securities account, comply with subsection (c) of this Section 4 with
respect to all security entitlements carried in such securities account and, in
the case of a commodity account, comply with subsection (d) of this Section 4
with respect to all commodity contracts carried in such commodity account.
SECTION 5. Maintaining the L/C Cash Collateral Account. So long as
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any Advance shall remain unpaid, any Letter of Credit shall be outstanding, any
Secured Hedge Agreement shall be in effect or any Lender Party shall have any
Commitment under the Credit Agreement:
(a) The Borrower shall maintain the L/C Cash Collateral Account with
BNP.
(b) It shall be a term and condition of the L/C Cash Collateral
Account, notwithstanding any term or condition to the contrary in any other
agreement relating to the L/C Cash Collateral Account, and except as
otherwise provided in Section 19, that no amount (including, without
limitation, interest on Collateral Investments) shall be paid or released
to or for the account of, or withdrawn by or for the account of, the
Borrower or any other Person from the L/C Cash Collateral Account.
The L/C Cash Collateral Account shall be subject to such applicable laws, and
such applicable regulations of the Board of Governors of the Federal Reserve
System and of any other appropriate banking or governmental authority, as are in
effect from time to time.
SECTION 6. Maintaining the Blocked Accounts. So long as any Advance
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shall remain unpaid, any Letter of Credit shall be outstanding, any Secured
Hedge Agreement shall be in effect or any Lender Party shall have any Commitment
under the Credit Agreement:
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(a) Each Grantor shall maintain blocked deposit accounts ("Blocked
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Accounts") only with banks ("Blocked Account Banks") that have entered into
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letter agreements in substantially the form of Exhibit A (or such other
form as the Agent shall agree) with such Grantor and the Agent (the
"Blocked Account Letters").
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(b) Each Grantor shall immediately instruct each Person obligated at
any time to make any payment to such Grantor for any reason (an "Obligor")
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to make such payment to a Blocked Account and, if an Event of Default shall
have occurred and be continuing, shall, at the request of the Agent, pay to
the Agent for application as provided by the terms of the Credit Agreement,
at the end of each Business Day, all proceeds of Collateral. So long as
an Event of Default shall not have occurred and be continuing or if the
Agent shall not have given the notice referred to in the immediately
preceding sentence, such Grantor may operate the Blocked Account in
accordance with its past business practice.
(c) Upon any termination of any Blocked Account Letter or other
agreement with respect to the maintenance of a Blocked Account by such
Grantor or any Blocked Account Bank, such Grantor shall immediately notify
all Obligors that were making payments to such Blocked Account to make all
future payments to another Blocked Account. Following the occurrence and
during the continuance of an Event of Default, such Grantor agrees to
terminate any or all Blocked Accounts and Blocked Account Letters upon
request by the Agent.
SECTION 7. Investing of Amounts in the L/C Cash Collateral Account.
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If requested by the Borrower, the Agent shall, subject to the provisions of
Section 19, from time to time invest:
(a) amounts on deposit in the L/C Cash Collateral Account in such
Cash Equivalents in the name of the Agent as the Borrower may select and
the Agent may approve, which approval shall not be unreasonably withheld;
and
(b) interest paid on the Cash Equivalents referred to in subsection
(a) above, and reinvest other proceeds of any such certificates of deposit
of BNP or such overnight funds that may mature or be sold, in each case in
such Cash Equivalents in the name of the Agent as the Borrower may select
and the Agent may approve, which approval shall not be unreasonably
withheld (the Cash Equivalents referred to in subsection (a) above and in
this subsection (b) being, collectively, "Collateral Investments").
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Interest and proceeds that are not invested or reinvested in Collateral
Investments as provided above shall be deposited and held in the L/C Cash
Collateral Account.
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SECTION 8. Representations and Warranties. Each Grantor represents
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and warrants as to itself and its Collateral as follows:
(a) Except for Inventory which, for a period not to exceed seven
days, is located on shoemobiles for sale to such Grantor's customers in
amounts consistent with such Grantor's ordinary business practices as
presently conducted or in transit to one of the places referred to below,
all of the Equipment and Inventory is located at the places specified
beneath such Grantor's name on Schedule III hereto. The principal place of
business of such Grantor or, if such Grantor has more than one principal
place of business, the chief executive office of such Grantor, and the
office where such Grantor keeps its records concerning the Receivables, the
original copies of each Assigned Agreement to which it is a party and all
originals of all chattel paper that evidence its Receivables, are located
at the address listed below the name of such Grantor on the signature pages
hereof or, in the case of any Additional Collateral Grantor, at the address
listed below the name of such Additional Collateral Grantor and its
Security Agreement Supplement (as defined in Section 23(c)). Original
copies of each Assigned Agreement and all originals of all chattel paper
that evidence Receivables have been delivered to the Agent. None of the
Receivables or Agreement Collateral is evidenced by a promissory note or
other instrument.
(b) Such Grantor is the legal and beneficial owner of the Collateral
of such Grantor in which it is granting a security interest free and clear
of any Lien, except for the security interest created by this Agreement and
for other Permitted Liens. No effective financing statement or other
instrument similar in effect covering all or any part of the Collateral is
on file in any recording office, except such as may have been filed in
favor of the Agent relating to this Agreement or the other Collateral
Documents, and as set forth in Schedule VI. All of the trade names and
trademarks of each Grantor are set forth below its name on Schedule IV
hereto.
(c) Such Grantor has exclusive possession and control of the
Equipment and Inventory of such Grantor, other than Inventory (i) which is
located on shoemobiles for sale to such Grantor's customers for any single
period not to exceed seven days, (ii) Inventory in transit to any Grantor
by common carrier from locations outside the United States or Canada and
(iii) in-plant Inventory and Inventory on consignment with customers of the
Borrower.
(d) All of the shares of stock that constitute Pledged Shares have
been duly authorized and validly issued and are fully paid and
nonassessable. The Pledged Indebtedness has been duly authorized,
authenticated or issued and delivered, is the legal, valid and binding
obligation of the issuers thereof and is not in default.
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(e) The Pledged Shares of such Grantor constitute the percentage of
the issued and outstanding shares of stock of the issuers thereof indicated
on Part A of Schedule I hereto. The Pledged Indebtedness of such Grantor is
outstanding in the principal amount indicated on Part B of Schedule I
hereto.
(f) All of the investment property owned by such Grantor on the date
hereof is listed on Schedule I hereto other than the Voting Equity
Interests in one or more of the Foreign Subsidiaries that, when aggregated
with all of the other Voting Equity Interests in each such Foreign
Subsidiary directly owned by such Grantor and the other Grantors, exceeds
34% of the issued and outstanding Voting Equity Interests in such Foreign
Subsidiary (on a fully diluted basis) and other shares of stock or other
ownership interests in any Foreign Subsidiary that are indirectly owned by
such Grantor. The jurisdiction (for purposes of Section 8-110(e) of the
Code) of each securities intermediary that maintains a Securities Account
for such Grantor is as set forth on Schedule I hereto. The jurisdiction
(for purposes of Section 9-103(6)(e) of the Code) of each commodity
intermediary that maintains a Commodity Account for such Grantor is as set
forth on Schedule I hereto.
(g) The Assigned Agreements of such Grantor, true and complete
copies of which have been furnished to each Lender Party, (i) have been
duly authorized, executed and delivered by all other parties thereto, (ii)
have not been amended, supplemented or otherwise modified and are in full
force and effect, and (iii) are binding upon and enforceable against all
parties thereto in accordance with their terms. There exists no default
under any Assigned Agreement by any party thereto. Each party to any
Assigned Agreement, other than the Hedge Agreements, has executed and
delivered to such Grantor a consent, in substantially the form of Exhibit C
hereto (or otherwise in form and substance satisfactory to the Agent), to
the assignment of the Agreement Collateral to the Agent pursuant to this
Agreement.
(h) No Grantor has Blocked Accounts or other deposit accounts other
than the Blocked Accounts and other deposit accounts listed on Schedule V
hereto.
(i) This Agreement, the pledge of the Security Collateral pursuant
hereto and the pledge and assignment of the Agreement Collateral and the
Account Collateral pursuant hereto, together with the filings described
below, create a valid and perfected first priority security interest in all
material respects in the Collateral, taken as a whole, subject to Permitted
Liens, other Liens permitted pursuant to Section 5.02(a) of the Credit
Agreement and bills of lading held by common carriers for Collateral in
transit to any Grantor from locations outside the United States, securing
the payment of the Secured Obligations, and all filings and other actions
necessary or desirable to perfect and protect such security interest have
been duly made or taken.
12
(j) No consent of any other Person and no authorization, approval or
other action by, and no notice to or filing with, any governmental
authority or regulatory body or any other third party is required for (i)
the grant by such Grantor of the assignment and security interest granted
hereby, the pledge by such Grantor of the Security Collateral pursuant
hereto or the execution, delivery or performance of this Agreement by such
Grantor, (ii) the perfection or maintenance of the pledge, assignment and
security interest created hereby (including the first priority nature of
such pledge, assignment or security interest) in all material respects
other than the filing of financing and continuation statements under the
Uniform Commercial Code in the jurisdictions listed on Schedule VI hereto,
or (iii) the exercise by the Agent of its voting or other rights provided
for in this Agreement or the remedies in respect of the Collateral pursuant
to this Agreement (except as may be required in connection with the
disposition of any portion of the Security Collateral by laws affecting the
offering and a sale of securities generally).
(k) Inventory which has been produced by any Grantor has been
produced in compliance with the requirements of the Fair Labor Standards
Act.
SECTION 9. Further Assurances. (a) Each Grantor agrees that from
------------------
time to time, at its own expense, it shall promptly execute and deliver all
further instruments and documents, and take all further action, that may be
necessary or desirable, or that the Agent may request, in order to perfect and
protect any pledge, assignment or security interest granted or purported to be
granted hereby (including, without limitation, the first priority nature
thereof) or to enable the Agent to exercise and enforce its rights and remedies
hereunder with respect to any Collateral of such Grantor. Without limiting the
generality of the foregoing, each Grantor shall promptly after an Event of
Default: (i) xxxx conspicuously each document included in the Inventory, each
chattel paper included in the Receivables, each Related Contract, each Assigned
Agreement and, at the request of the Agent, each of its records pertaining to
the Collateral with a legend, in form and substance satisfactory to the Agent,
indicating that such document, chattel paper, Related Contract, Assigned
Agreement or Collateral is subject to the security interest granted hereby; (ii)
if any Collateral of such Grantor shall be evidenced by a promissory note or
other instrument or chattel paper, deliver and pledge to the Agent hereunder
such note, instrument or chattel paper duly indorsed and accompanied by duly
executed instruments of transfer or assignment, all in form and substance
satisfactory to the Agent; and (iii) execute and file such financing or
continuation statements, or amendments thereto, and such other instruments or
notices, as may be necessary or desirable or as the Agent may request, in order
to perfect and preserve the pledge, assignment and security interest granted or
purported to be granted hereby.
(b) Each Grantor hereby authorizes the Agent to file one or more
financing or continuation statements, and amendments thereto, relating to all or
any part of the Collateral
13
without the signature of such Grantor where permitted by law. A photocopy or
other reproduction of this Agreement or any financing statement covering the
Collateral or any part thereof shall be sufficient as a financing statement
where permitted by law.
(c) Each Grantor shall furnish to the Agent, upon the Agent's
request at any time after the occurrence and during the continuance of an Event
of Default or, in any event, once annually, statements and schedules further
identifying and describing the Collateral of such Grantor and such other reports
in connection with the Collateral of such Grantor as the Agent may reasonably
request, all in reasonable detail.
(d) Each Grantor shall not materially amend, alter, modify or change
any provision of the lease dated January 14, 1994, entered into between Xxxxxx
X. Xxx d/b/a Xxx Continental Mill and Falcon Shoe Mfg. Co. (the "Lewiston
--------
Lease"). Each Grantor shall deliver a copy of any notice of default under the
-----
Lewiston Lease to the Agent.
SECTION 10. As to Equipment and Inventory. (a) Each Grantor shall
-----------------------------
keep its Equipment and Inventory (other than Inventory (i) which is located on
shoemobiles for sale to such Grantor's customers for any single period not to
exceed seven days and (ii) Inventory in transit to any Grantor by common carrier
from locations outside the United States) at the locations specified therefor in
Section 8(a) or, upon 30 days' prior written notice to the Agent, at such other
locations in a jurisdiction where all action required by Section 9 shall have
been taken with respect to such Equipment and Inventory.
(b) Each Grantor shall cause the Equipment to be maintained and
preserved in the same condition, repair and working order as when new, ordinary
wear and tear excepted, and in accordance with any manufacture's manual and
shall forthwith, or in the case of any loss or damage to any of the Equipment as
quickly as practicable after the occurrence thereof, make or cause to be made
all repairs, replacements and other improvements in connection therewith that
are necessary or desirable to such end. Each Grantor shall promptly furnish to
the Agent a statement respecting any material loss or damage to any of the
Equipment.
(c) Each Grantor shall pay promptly when due all property and other
taxes, assessments and governmental charges or levies imposed upon, and all
claims (including, without limitation, claims for labor, materials and supplies)
against, the Equipment and Inventory.
(d) Each Grantor which produces Inventory shall do so in compliance
with all requirements of the Fair Labor Standards Act.
14
(e) Upon the Agent's reasonable request (i) at any time after the
occurrence and during the continuance of an Event of Default or, (ii) in any
event, once annually, each Grantor shall furnish to each of the Secured Parties
a report detailing material changes in the amount and condition of the
Equipment, including purchases, depreciation, sales and losses.
(f) Not more than once each year or at any time during the
occurrence and continuance of an Event Default, promptly upon the reasonable
request of the Agent, each Grantor shall deliver to the Agent such warehouse
receipts, bills of lading and other documents of title with respect to Inventory
and Equipment as are requested, together with copies of all invoices with
respect to the Inventory and Equipment.
(g) Each Grantor shall not deposit any Collateral to the landlord
for the Lewiston, Maine facility for a "negotiable" (as such term is used in
Section 7-104 of the Uniform Commercial Code as in effect in Maine or under
other relevant law) receipt or any other document.
SECTION 11. Insurance. (a) Each Grantor shall, at its own expense,
---------
maintain insurance with respect to the Equipment and Inventory in such amounts,
against such risks, in such form and with such insurers, as shall be
satisfactory to the Agent from time to time. Each such policy shall in addition
(i) name such Grantor and the Agent as insured parties thereunder (without any
representation or warranty by or obligation upon the Agent) as their interests
may appear, (ii) provide that there shall be no recourse against the Agent for
payment of premiums or other amounts with respect thereto and (iii) provide that
at least ten days' prior written notice of cancellation or of lapse shall be
given to the Agent by the insurer. Each Grantor shall, if so requested by the
Agent, deliver to the Agent original or duplicate policies of such insurance
and, upon the Agent's request at any time after the occurrence and during the
continuance of an Event of Default and, in any event, once annually, a report of
a reputable insurance broker with respect to such insurance. Further, each
Grantor shall, at the request of the Agent, duly execute and deliver instruments
of assignment of such insurance policies to comply with the requirements of
Section 9.
(b) Reimbursement under any liability insurance maintained by any
Grantor pursuant to this Section 11 may be paid directly to the Person who shall
have incurred liability covered by such insurance. In case of any loss
involving damage to any Equipment or Inventory when Section 11(c) is not
applicable, such Grantor shall make or cause to be made the necessary repairs to
or replacements of such Equipment or Inventory, and any proceeds of insurance
maintained by such Grantor pursuant to this Section 11 shall be paid to such
Grantor as reimbursement for the costs of such repairs or replacements.
(c) Upon the occurrence and during the continuance of any Event of
Default, or the actual or constructive total loss (in excess of $500,000 per
occurrence) of any
15
Equipment or Inventory, all insurance payments in respect of such Equipment or
Inventory shall be paid to and applied by the Agent as specified in Section
19(b).
SECTION 12. Place of Perfection; Records; Collection of Receivables.
-------------------------------------------------------
(a) Each Grantor shall keep its principal place of business and its chief
executive office, and the office where it keeps its records concerning the
Collateral of such Grantor and the original copies of the Assigned Agreements of
such Grantor to which it is a party, and all originals of all chattel paper that
evidence its Receivables, at the location therefor specified in Section 8(a) or,
upon 30 days' prior written notice to the Agent, at such other locations in a
jurisdiction where all actions required by Section 9 shall have been taken with
respect to the Collateral. Each Grantor shall hold and preserve such records,
Assigned Agreements and chattel paper and shall permit representatives of the
Agent at any time during normal business hours of such Grantor to inspect and
make abstracts from such records and chattel paper. If the jurisdiction of any
securities intermediary that maintains a Securities Account or the jurisdiction
of any commodity intermediary that maintains a Commodity Account shall change
from that jurisdiction specified in Section 8(f), such Grantor shall promptly
notify the Agent of such change and of such new jurisdiction.
(b) Except as otherwise provided in this Section 12(b), each Grantor
shall continue to collect, at its own expense, all amounts due or to become due
such Grantor under the Receivables. In connection with such collections, each
Grantor may take (and, at the Agent's direction, shall take) such action as such
Grantor or the Agent may reasonably deem necessary or advisable to enforce
collection of the Receivables; provided, however, that the Agent shall have the
-------- -------
right at any time after the occurrence and during the continuance of an Event of
Default, upon written notice to such Grantor of its intention to do so, to
notify the account debtors or obligors under any Receivables of the assignment
of such Receivables to the Agent and to direct such account debtors or obligors
to make payment of all amounts due or to become due to such Grantor thereunder
directly to the Agent and, upon such notification and at the expense of such
Grantor, to enforce collection of any such Receivables, and to adjust, settle or
compromise the amount or payment thereof, in the same manner and to the same
extent as such Grantor might have done. After receipt by any Grantor of the
notice from the Agent referred to in the proviso to the immediately preceding
-------
sentence, (i) all amounts and proceeds (including instruments) received by such
Grantor in respect of the Receivables shall be received in trust for the benefit
of the Agent hereunder, shall be segregated from other funds of such Grantor and
shall be forthwith paid over to the Agent in the same form as so received (with
any necessary indorsement or assignment) to be held as cash collateral and
applied as provided by Section 19(b), and (ii) such Grantor shall not adjust,
settle or compromise the amount or payment of any Receivable, release wholly or
partly any account debtor or obligor thereof, or allow any credit or discount
thereon.
16
SECTION 13. Voting Rights; Dividends; Etc. (a) So long as no Event
-----------------------------
of Default shall have occurred and be continuing:
(i) Each Grantor shall be entitled to exercise or refrain from
exercising any and all voting and other consensual rights pertaining to the
Security Collateral or any part thereof for any purpose not inconsistent
with the terms of this Agreement or the other Loan Documents.
(ii) Each Grantor shall be entitled to receive and retain any and all
dividends, distributions and interest paid in respect of the Security
Collateral; provided, however, that any and all
-------- -------
(A) dividends and interest paid or payable other than in cash
in respect of, and instruments and other property and assets received
or receivable or otherwise distributed in respect of, or in exchange
for, any Security Collateral,
(B) dividends and other distributions paid or payable in cash
in respect of any Security Collateral in connection with a partial or
total liquidation or dissolution or in connection with a reduction of
capital, capital surplus or paid-in-surplus, and
(C) cash paid or payable or otherwise distributed in respect
of principal of, or in redemption of, or in exchange for, any Security
Collateral
shall be, and shall be forthwith delivered to the Agent to hold as,
Security Collateral and, if received by such Grantor, shall be received in
trust for the benefit of the Agent, shall be segregated from other property
and assets or funds of such Grantor and shall be forthwith delivered to the
Agent as Security Collateral in the same form as so received (with any
necessary indorsement or assignment). Each Grantor promptly upon the
request of the Agent, shall execute such documents and do such acts as may
be necessary or desirable in the judgment of the Agent to give effect to
this clause (ii).
(iii) The Agent shall execute and deliver (or cause to be executed
and delivered) to each Grantor all such proxies and other instruments as
such Grantor may request for the purpose of enabling such Grantor to
exercise the voting and other consensual rights that it is entitled to
exercise pursuant to subparagraph (i) of this Section 13(a) and to receive
the dividends, distributions or interest payments that it is authorized to
receive and retain pursuant to clause (ii) of this Section 13(a).
17
(b) Upon the occurrence and during the continuance of an Event of
Default and upon exercise of foreclosure remedies by the Agent under Section 19
hereof:
(i) All rights of each Grantor to (A) exercise or refrain from
exercising the voting and other consensual rights that it would otherwise
be entitled to exercise pursuant to subparagraph (i) of Section 13(a)
shall, upon notice to such Grantor by the Agent, cease and (B) receive the
dividends, interest payments and other distributions that it would
otherwise be authorized to receive and retain pursuant to subparagraph (ii)
of Section 13(a) shall automatically cease, and all such rights shall
thereupon become vested in the Agent, which shall thereupon have the sole
right to exercise or refrain from exercising such voting and other
consensual rights and to receive and retain as Security Collateral such
dividends, interest payments and other distributions.
(ii) All dividends, interest payments and other distributions that
are received by any Grantor contrary to the provisions of clause (i) of
this Section 13(b) shall be received in trust for the benefit of the Agent,
shall be segregated from other property and assets or funds of such Grantor
and shall be forthwith paid over to the Agent as Security Collateral in the
same form as so received (with any necessary indorsement or assignment).
SECTION 14. As to the Assigned Agreements. (a) Each Grantor shall,
-----------------------------
at its own expense:
(i) perform and observe all the terms and provisions of each
Assigned Agreement to be performed or observed by it, maintain such
Assigned Agreement in full force and effect and enforce each such Assigned
Agreement in accordance with its terms, and take all such action to such
end as may be from time to time reasonably requested by the Agent; and
(ii) furnish to the Agent, promptly upon receipt thereof, copies of
all notices, requests and other documents received by such Borrower under
or pursuant to any Assigned Agreement and, from time to time, (A) furnish
to the Agent such information and reports regarding the Collateral as the
Agent may reasonably request and (B) upon the request of the Agent, make to
each other party to any Assigned Agreement such demands and requests for
information and reports or for action as such Grantor is entitled to make
under such Assigned Agreement.
(b) Each Grantor agrees not:
18
(i) to cancel or terminate any Assigned Agreement or consent to or
accept any cancellation or termination thereof without the consent of the
Agent, which consent shall not be unreasonably withheld,
(ii) to amend, modify or otherwise change in any manner any material
term or material condition of any Assigned Agreement or give any consent,
waiver or approval thereunder without the consent of the Agent, which
consent shall not be unreasonably withheld,
(iii) to waive any default under or any breach of any term or
condition of any Assigned Agreement without the consent of the Agent, which
consent shall not be unreasonably withheld, or
(iv) take any other action in connection with any Assigned Agreement
that would impair the value of the interest or rights of such Grantor
thereunder or that would impair the interest or rights of the Agent.
SECTION 15. Transfers and Other Liens; Additional Shares. (a) Each
--------------------------------------------
Grantor agrees not (i) to sell, assign (by operation of law or otherwise) or
otherwise dispose of, or grant any option with respect to, any of the
Collateral, except sales of Inventory in the ordinary course of business and
sales permitted pursuant to Section 5.02(e) of the Credit Agreement, or (ii) to
create or suffer to exist any Lien upon or with respect to any of the
Collateral, except for the pledge, assignment and security interest created by
this Agreement, Permitted Liens, and other Liens to the extent permitted
pursuant to Section 5.02(a) of the Credit Agreement.
(b) Each Grantor shall (i) cause each issuer of the Pledged Shares
not to issue any stock or other securities in addition to or in substitution for
the Pledged Shares issued by such issuer, except to such Grantor, and (ii)
pledge to the Agent hereunder, immediately upon its acquisition (directly or
indirectly) thereof, any and all additional shares of stock or other securities
of each issuer of the Pledged Shares.
SECTION 16. Agent Appointed Attorney-in-Fact. Each Grantor hereby
--------------------------------
irrevocably appoints the Agent such Grantor's attorney-in-fact, with full
authority in the place and stead of such Grantor and in the name of such Grantor
or otherwise, upon the occurrence and continuance of an Event of Default, to
take any action and to execute any instrument that the Agent may deem necessary
or advisable to accomplish the purposes of this Agreement, including, without
limitation:
(a) to obtain and adjust insurance required to be paid to the Agent
pursuant to Section 11,
19
(b) to ask for, demand, collect, xxx for, recover, compromise,
receive and give acquittance and receipts for moneys due and to become due
under or in respect of any of the Collateral,
(c) to receive, indorse and collect any drafts, instruments,
chattel paper and other documents in connection with Section 16(a) or 16(b)
above (including, without limitation, all instruments representing any
dividend, interest payment or other distribution in respect of the Security
Collateral or any part thereof) and give full discharge for the same, and
(d) to file any claims, to take any action or to institute any
proceedings that the Agent may deem necessary or desirable for the
collection of any of the Collateral or otherwise to enforce compliance with
the terms and conditions of any Assigned Agreement or to enforce the rights
of the Agent with respect to any of the Collateral.
SECTION 17. Agent May Perform. If any Grantor fails to perform any
-----------------
agreement contained herein, the Agent may upon notice to such Grantor perform,
or cause the performance of, such agreement, and the expenses of the Agent
incurred in connection therewith shall be payable by such Grantor under Section
21(b).
SECTION 18. The Agent's Duties. The powers conferred on the Agent
------------------
hereunder are solely to protect its interest in the Collateral and shall not
impose any duty upon it to exercise any such powers. Except for the exercise of
reasonable care in the safe custody and preservation of any Collateral in its
possession and the accounting for moneys actually received by it hereunder, the
Agent shall have no duty as to any Collateral, as to ascertaining or taking
action with respect to calls, conversions, exchanges, maturities, tenders or
other matters relative to any Security Collateral, whether or not any Secured
Party has or is deemed to have knowledge of such matters, or as to the taking of
any necessary steps to preserve rights against any parties or any other rights
pertaining to any Collateral. The Agent shall be deemed to have exercised
reasonable care in the custody and preservation of any Collateral in its
possession if such Collateral is accorded treatment substantially equal to that
which BNP accords its own property of like tenor.
SECTION 19. Remedies. If any Event of Default shall have occurred
--------
and be continuing:
(a) The Agent may exercise in respect of the Collateral, in
addition to other rights and remedies provided for herein or otherwise
available to it under applicable law, all the rights and remedies of a
secured party upon default under the Uniform Commercial Code in effect in
the State of New York at such time (the "Code") (whether or not the Code
----
applies to the affected Collateral), and also may (i) require
20
each Grantor to, and each Grantor hereby agrees that it shall at its own
expense and upon request of the Agent forthwith, assemble all or part of
the Collateral as directed by the Agent and make it available to the Agent
at a place to be designated by the Agent that is reasonably convenient to
both parties and (ii) without notice except as specified below, sell the
Collateral or any part thereof in one or more parcels at public or private
sale, at any exchange or broker's board or at any of the Agent's offices or
elsewhere, for cash, on credit or for future delivery, and upon such other
terms as the Agent may deem commercially reasonable. Each Grantor agrees
that, to the extent notice of sale shall be required by law, at least ten
days' notice to such Grantor of the time and place of any public sale or
the time after which any private sale is to be made shall constitute
reasonable notification. The Agent shall not be obligated to make any sale
of Collateral regardless of notice of sale having been given. The Agent may
adjourn any public or private sale from time to time by announcement at the
time and place fixed therefor, and such sale may, without further notice,
be made at the time and place to which it was so adjourned.
(b) Any cash held by the Agent as Collateral and all cash proceeds
received by the Agent in respect of any sale of, collection from, or other
realization upon all or any part of the Collateral may, in the discretion
of the Agent, be held by the Agent as collateral for, and/or then or at any
time thereafter applied (after payment of any amounts payable to the Agent
pursuant to Section 21) in whole or in part by the Agent for the ratable
benefit of the Secured Parties against all or any part of the Secured
Obligations in such order as the Agent shall elect. In determining the
amounts owing to the Hedge Banks under the Secured Hedge Agreements, the
Agent shall be entitled to rely and be fully protected in relying, upon the
Agreement Values of the Secured Hedge Agreements. The term "Agreement
Value" means, with respect to any Secured Hedge Agreement at any date of
determination, the amount, if any, that would be payable to the Hedge Bank
in respect of any "agreement value" under such Secured Hedge Agreement as
though such Secured Hedge Agreement were terminated on such date,
calculated as provided in the 1991 ISDA Definitions published by the
International Swap Dealers Association, Inc. Each determination of
Agreement Value shall be made by the Agent in good faith and in reliance on
any information (including information provided by such Hedge Bank) that it
believes accurate, but without any obligation to verify such information.
Any surplus of such cash or cash proceeds held by the Agent and remaining
after payment in full of all of the Secured Obligations shall be paid over
to the Grantors or to whomsoever may be lawfully entitled to receive such
surplus.
(c) The Agent may exercise any and all rights and remedies of the
Grantors under or in connection with the Assigned Agreements or otherwise
in respect of the Collateral, including, without limitation, any and all
rights of the Grantors to demand
21
or otherwise require payment of any amount under, or performance of any
provision of, any Assigned Agreement or any other Collateral.
(d) All payments received by any Grantor under or in connection
with any Assigned Agreement or otherwise in respect of the Collateral shall
be received in trust for the benefit of the Agent, shall be segregated from
other funds of such Grantor and shall be forthwith paid over to the Agent
in the same form as so received (with any necessary indorsement or
assignment).
(e) The Agent may, without notice to any Grantor, except as
required by law, and at any time or from time to time, charge, set off and
otherwise apply all or any part of the Secured Obligations against the L/C
Cash Collateral Account, or any part thereof.
SECTION 20. Registration Rights. If the Agent shall determine to
-------------------
exercise its right to sell all or any of the Security Collateral pursuant to
Section 19, each Grantor agrees that, upon request of the Agent, such Grantor
will, at its own expense:
(a) execute and deliver, and cause each issuer of the Security
Collateral of such Grantor contemplated to be sold and the directors and
officers thereof to execute and deliver, all such instruments and
documents, and do or cause to be done all such other acts and things, as
may be necessary or, in the reasonable opinion of the Agent, advisable to
register such Security Collateral under the provisions of the Securities
Act of 1933, as from time to time amended (the "Securities Act"), to cause
--------------
the registration statement relating thereto to become effective and to
remain effective for such period as prospectuses are required by law to be
furnished, and to make all amendments and supplements thereto and to the
related prospectus that, in the reasonable opinion of the Agent, are
necessary or advisable, all in conformity with the requirements of the
Securities Act and the rules and regulations of the Securities and Exchange
Commission applicable thereto;
(b) use its best efforts to qualify the Security Collateral under
the state securities or "blue sky" laws and to obtain all necessary
governmental approvals for the sale of the Security Collateral, as
reasonably requested by the Agent;
(c) cause each such issuer that is a Subsidiary of such Grantor to
make available to its security holders, as soon as practicable, an earnings
statement that will satisfy the provisions of Section 12(a) of the
Securities Act and the rules and regulations thereunder;
22
(d) provide the Agent with such other information and projections
as may be reasonably necessary or, in the reasonable opinion of the Agent,
advisable to enable the Agent to effect the sale of such Security
Collateral; and
(e) do or use its best efforts cause to be done all such other acts
and things as may be necessary to make such sale of the Security Collateral
or any part thereof valid and binding and in compliance with applicable
law.
The Agent is authorized, in connection with any sale of the Security Collateral
pursuant to Section 19, to deliver or otherwise disclose to any prospective
purchaser of the Security Collateral (i) any registration statement or
prospectus, and all supplements and amendments thereto, prepared pursuant to
subsection (a) above, (ii) any information and projections provided to it
pursuant to subsection (d) above and (iii) any other information in its
possession relating to the Security Collateral. Solely for purposes of this
Section 20, the term "Security Collateral" will not include Pledged
Indebtedness.
SECTION 21. Indemnity and Expenses. (a) Each of the Grantors
----------------------
jointly and severally agrees to indemnify the Agent, each Secured Party and each
of their respective officers, directors, employees, agents and advisors (each an
"Indemnified Party") from, and hold each of them harmless against, any and all
-----------------
claims, damages, losses, liabilities and expenses (including, without
limitation, reasonable fees and reasonable expenses of counsel) arising out of
or in connection with or resulting from this Agreement (including, without
limitation, enforcement of this Agreement), except to the extent that such
claims, damages, losses, liabilities and expenses are found in a final,
nonappealable judgment by a court of competent jurisdiction to have resulted
from such Indemnified Party's gross negligence or willful misconduct.
(b) Each Grantor jointly and severally agrees to pay to the Agent,
upon demand, the amount of any and all expenses (including, without limitation,
the reasonable fees and expenses of its counsel and of any experts and agents)
that the Agent may incur in connection with (i) the administration of this
Agreement, (ii) the custody, preservation, use or operation of, or the sale of,
collection from, or other realization upon, any of the Collateral, (iii) the
exercise or enforcement of any of the rights of any Secured Party hereunder or
(iv) the failure by such Grantor to perform or observe any of the provisions
hereof.
SECTION 22. Security Interest Absolute. The obligations of each
--------------------------
Grantor under this Agreement are independent of the Secured Obligations, and a
separate action or actions may be brought and prosecuted against such Grantor to
enforce this Agreement irrespective of whether any action is brought against the
other Grantors or whether the other Grantors are joined in any such action or
actions. All rights of the Agent and the pledge,
23
assignment and security interest hereunder, and all obligations of each Grantor
hereunder, shall be absolute and unconditional, irrespective of:
(i) any lack of validity or enforceability of any Loan Document,
any Hedge Agreement or any other agreement or instrument relating thereto;
(ii) any change in the time, manner or place of payment of, or in
any other term of, all or any of the Secured Obligations, or any other
amendment or waiver of or any consent to any departure from any Loan
Document or any Secured Hedge Agreement, including, without limitation, any
increase in the Secured Obligations resulting from the extension of
additional credit to any Grantor or any of its Subsidiaries or otherwise;
(iii) any taking, exchange, release or nonperfection of any
Collateral, or any taking, release or amendment or waiver of or consent to
departure from any guaranty, for all or any of the Secured Obligations;
(iv) any manner of application of Collateral, or proceeds thereof,
to all or any of the Secured Obligations, or any manner of sale or other
disposition of any Collateral for all or any of the Secured Obligations or
any other assets of any Grantor or any of its Subsidiaries;
(v) any change, restructuring or termination of the corporate
structure or existence of any Grantor or any of its Subsidiaries; or
(vi) any other circumstance that might otherwise constitute a
defense available to, or a discharge of, such Grantor or a third party
grantor of a security interest.
SECTION 23. Amendments; Waivers; Etc. (a) No amendment or waiver of
------------------------
any provision of this Agreement, and no consent to any departure by any Grantor
herefrom, shall in any event be effective unless the same shall be in writing
and signed by the Agent, and then such waiver or consent shall be effective only
in the specific instance and for the specific purpose for which given.
(b) No failure on the part of any Secured Party to exercise, and no
delay in exercising, any right, power or privilege hereunder shall operate as a
waiver thereof or consent thereto; nor shall any single or partial exercise of
any such right, power or privilege preclude any other or further exercise
thereof or the exercise of any other right, power or privilege.
24
(c) Upon the execution and delivery by any Person of a security
agreement supplement in substantially the form of Exhibit B hereto (each a
"Security Agreement Supplement"), (i) such Person shall be referred to as an
------------------------------
"Additional Collateral Grantor" and shall be and become a Grantor, and each
------------------------------
reference in this Agreement to "Grantor" shall also mean and be a reference to
such Additional Collateral Grantor and (ii) the supplements attached to each
Security Agreement Supplement shall be incorporated into and become a part of
and supplement Schedules I through V hereto, as appropriate, and the Agent may
attach such supplements to such Schedules, and each reference to such Schedules
shall mean and be a reference to such Schedules, as supplemented pursuant
hereto.
SECTION 24. Addresses for Notices. All notices and other
---------------------
communications provided for hereunder shall be in writing (including telecopier,
telegraphic or telex communication) and mailed, telecopied, telegraphed,
telexed, cabled or delivered, if to any Grantor, addressed to it at the address
set forth below the name of such Grantor on the signature pages hereof, and if
to the Agent, any Lender, the Issuing Bank, the Swing Line Bank or any Hedge
Bank, addressed to it at its address set forth in Section 9.02 of the Credit
Agreement, or, as to any party, at such other address as shall be designated by
such party in a written notice to the each other party complying as to delivery
with the terms of this Section 24. All such notices and other communications
shall, when mailed, telecopied, telegraphed or telexed, be effective when
deposited in the mails, delivered to the telegraph company, transmitted by
telecopier or confirmed by telex answerback, respectively, addressed as
aforesaid.
SECTION 25. Continuing Security Interest; Assignments Under the
---------------------------------------------------
Credit Agreement. This Agreement shall create a continuing security interest in
----------------
the Collateral and shall (a) remain in full force and effect until the latest of
(i) the payment in full in cash of the Secured Obligations and all other amounts
payable under this Agreement, (ii) the Termination Date and (iii) the
termination or expiration of all Secured Hedge Agreements, (b) be binding upon
each Grantor, its successors and assigns, and (c) inure, together with the
rights and remedies of the Agent hereunder, to the benefit of and be enforceable
by the Secured Parties and their respective successors, transferees and assigns.
Without limiting the generality of the foregoing clause (c), subject to Section
9.07 of the Credit Agreement, any Lender Party may assign or otherwise transfer
all or any portion of its rights and obligations under the Credit Agreement
(including, without limitation, all or any portion of its Commitment or
Commitments, the Advances owing to it and any Note or Notes held by it) to any
other Person, and such other Person shall thereupon become vested with all the
benefits in respect thereof granted to such Lender Party herein or otherwise, in
each case as provided in Section 9.07 of the Credit Agreement.
SECTION 26. Release and Termination. (a) Upon any sale, lease,
-----------------------
transfer or other disposition of any item of Collateral in accordance with the
terms of the Loan
25
Documents (other than sales of Inventory and Equipment in the ordinary course of
business), the Agent shall, at the appropriate Grantor's expense, execute and
deliver to such Grantor such documents as such Grantor shall reasonably request
to evidence the release of such item of Collateral from the assignment and
security interest granted hereby; provided, however, that (i) at the time of
-------- -------
such request and such release, no Default shall have occurred and be continuing,
(ii) such Grantor shall have delivered to the Agent, at least ten days prior to
the date of the proposed release, a request for release describing the item of
Collateral and the terms of the sale, lease, transfer or other disposition in
reasonable detail (including, without limitation, the price thereof and any
expenses in connection therewith), together with a form of release for execution
by the Agent and a certification by such Grantor to the effect that the
transaction is in compliance with the Loan Documents and as to such other
matters as the Agent may request and (iii) the proceeds of any such sale, lease,
transfer or other disposition required to be applied in accordance with Section
2.06(b) of the Credit Agreement shall be paid to, or in accordance with the
instructions of, the Agent at the closing thereof.
(b) Upon the later of (i) the cash payment in full of the Secured
Obligations, (ii) the Termination Date and (iii) the termination or expiration
of all Secured Hedge Agreements, the pledge, assignment and security interest
granted hereby shall terminate and all rights to the Collateral shall revert to
the appropriate Grantor. Upon any such termination and reversion, the Agent
shall, at the appropriate Grantor's expense, return to such Grantor such of the
Collateral of such Grantor in its possession as shall not have been sold or
otherwise applied pursuant to the terms of the Loan Documents and execute and
deliver to such Grantor such documents as such Grantor shall reasonably request
to evidence such termination and reversion.
SECTION 27. The Mortgages. In the event that any of the Collateral
-------------
hereunder is also subject to a valid and enforceable Lien under the terms of any
Mortgage and the terms of such Mortgage are inconsistent with the terms of this
Agreement, then, with respect to such Collateral, the terms of such Mortgage
shall be controlling in the case of fixtures and leases, letting and licenses
of, and contracts and agreements relating to, the real property, and the terms
of this Agreement shall be controlling in the case of all other Collateral.
SECTION 28. Governing Law; Submission to Jurisdiction; Waiver of Jury
---------------------------------------------------------
Trial; Etc. (a) This Agreement shall be governed by and construed in
----------
accordance with the laws of the State of New York. Unless otherwise defined
herein or in the Credit Agreement, terms used in Articles 8 and 9 of the Code
are used herein as therein defined.
(b) Each Grantor hereby irrevocably and unconditionally submits,
for itself and its property, to the nonexclusive jurisdiction of any New York
State court or federal court of the United States of America sitting in New York
City, and any appellate court from any
26
thereof, in any action or proceeding arising out of or relating to this
Agreement or any other Loan Document or Secured Hedge Agreement to which it is
or is to be a party, or for recognition and enforcement of any judgment, and
such Grantor hereby irrevocably and unconditionally agrees that all claims in
respect of any such action or proceeding may be heard and determined in any such
New York State or, to the extent permitted by law, in such federal court. Each
Grantor irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection or defense that it may now or
hereafter have to the laying of venue of any suit, action or proceeding arising
out of or relating to this Agreement or any of the other Loan Documents to which
it is or is to be a party in any New York State or federal court. Each Grantor
hereby irrevocably waives, to the fullest extent permitted by law, the defense
of an inconvenient forum to the maintenance of such action or proceeding in any
such court. Each Grantor agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law. Nothing herein
shall affect the right that any party may otherwise have to commence or
participate in any action, suit or proceeding relating to this Agreement, any of
the other Loan Documents or any Secured Hedge Agreement to which it is or is to
be a party, or otherwise to proceed against any Grantor, in any other
jurisdiction.
(c) Each Grantor irrevocably consents to the service of any and all
process in any such action, suit or proceeding by the mailing of copies of such
process to such Grantor at the address set forth below its name on the signature
page hereof, or by any other method permitted by law. Each Grantor agrees that
a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law.
(d) To the extent that any Grantor has or hereafter may acquire
immunity from jurisdiction of any court or from any legal process (whether
through service or notice, attachment prior to judgment, attachment in aid of
execution, execution or otherwise) with respect to itself or its property, such
Grantor hereby irrevocably waives such immunity in respect of its Obligations
under this Agreement, any other Loan Document and any Secured Hedge Agreement to
which it is or is to be a party.
(e) TO THE EXTENT PERMITTED BY LAW, EACH GRANTOR IRREVOCABLY WAIVES
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER
BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS
AGREEMENT, ANY OTHER LOAN DOCUMENT OR ANY SECURED HEDGE AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY OR THE ACTIONS OF ANY SECURED PARTY
IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF.
IN WITNESS WHEREOF, each Grantor has caused this Agreement to be duly
executed and delivered by its officer thereunto duly authorized as of the date
first above written.
IRON AGE CORPORATION
By /s/ Xxxxx X. XxXxxxxxx
------------------------------------
Name: Xxxxx X. XxXxxxxxx
Title: Executive Vice President
Address: Xxxxxxxx Xxxxx Xxxxx
Xxxxx 000
Xxxxxxxxxx, XX 00000
IRON AGE HOLDINGS CORPORATION
By /s/ Xxxxx X. XxXxxxxxx
------------------------------------
Name: Xxxxx X. XxXxxxxxx
Title: Vice President - Finance
Address: Xxxxxxxx Xxxxx Xxxxx
Xxxxx 000
Xxxxxxxxxx, XX 00000
IRON AGE INVESTMENT COMPANY
By /s/ Xxxxx X. XxXxxxxxx
------------------------------------
Name: Xxxxx X. XxXxxxxxx
Title: President
Address: 000 Xxxx Xxxxxx
Xxxxxxxxxx, XX 00000
FALCON SHOE MFG. CO.
By /s/ Xxxxx X. XxXxxxxxx
------------------------------------
Name: Xxxxx X XxXxxxxxx
Title: Vice President
Address: 0 Xxxxx Xxxxxx
X.X. Xxx 0000
Xxxxxxxx, Xxxxx
00000-0000
EXHIBIT A
to
Security Agreement
FORM OF BLOCKED ACCOUNT LETTER
______ __, 1998
[Blocked Account Bank Address]
Attn: [ ]
[Grantor]
---------
Ladies and Gentlemen:
Reference is made to the deposit accounts listed on the attached
Schedule I into which certain monies, instruments and other properties are
deposited from time to time (the "Accounts") maintained with you by [Grantor], a
--------
________ corporation (the "Company"). Pursuant to a Security Agreement dated
-------
April 24, 1998 (as amended, supplemented or otherwise modified, the "Security
--------
Agreement"), the Company has granted to Banque Nationale de Paris, as Agent for
---------
the Secured Parties referred to in the Credit Agreement dated as of April 24,
1998 (as amended, supplemented or otherwise modified, the "Credit Agreement")
----------------
with the Company, a security interest in certain property of the Company,
including, among other things, the following (the "Account Collateral"): the
------------------
Accounts, all funds held therein and all certificates and instruments, if any,
from time to time representing or evidencing the Accounts, all interest,
dividends, cash, instruments and other property from time to time received,
receivable or otherwise distributed in respect of or in exchange for any or all
of the then existing Account Collateral and all proceeds of any and all of the
foregoing Account Collateral and, to the extent not otherwise included, all (i)
payments under insurance (whether or not the Agent is the loss payee thereof),
or any indemnity, warranty or guaranty, payable by reason of loss or damage to
or otherwise with respect to any of the foregoing Account Collateral and (ii)
cash. It is a condition to the continued maintenance of the Accounts with you
that you agree to this letter agreement.
By signing this letter agreement, you acknowledge notice of the
Security Agreement and confirm to the Agent that you have received no notice of
any other pledge or assignment of the Accounts. Further, you hereby agree with
the Agent that:
(a) Notwithstanding anything to the contrary in any other agreement
relating to the Accounts, the Accounts are and will be subject to the terms
and conditions of the
2
Security Agreement, will be maintained solely for the benefit of the Agent,
will be entitled "Banque Nationale de Paris, as Agent, Re: [Grantor]" and
will be subject to written instructions only from an officer of the Agent.
(b) Upon the written request of the Agent to you, which request
shall specify that an "Event of Default" under the Credit Agreement has
occurred and is continuing (which writing may be by telex or telecopy and
upon which you may conclusively rely, absent manifest error), you shall
immediately transfer (at the cost and expense of the Company) subject to
your usual deposit terms, all funds then or thereafter deposited in the
Accounts by wire transfer into the Agent's Account at the Federal Reserve
Bank of New York, 00 Xxxxxxx Xxxxxx, Xxx Xxxx, XX, 00000, ABA No.
000000000, for further credit to Account No. 750420-701-08.
(c) From and after the date that the Agent shall have sent to you a
written notice (which writing may be by telex or telecopy and upon which
you may conclusively rely, absent manifest error) that an "Event of
Default" under the Credit Agreement has occurred and until the date, if
any, that the Agent shall have advised you in writing (which writing may be
by telex or telecopy and upon which you may conclusively rely, absent
manifest error) that no Event of Default is continuing, you shall not honor
any withdrawal or transfer from, or any check, draft or other item of
payment on, the Accounts, other than any withdrawal, transfer, check, draft
or other item made in writing by the Agent or bearing the written consent
of the Agent, and, to the extent of collected funds in the Accounts, you
shall honor each such withdrawal, transfer, check, draft or other item made
in writing by the Agent or bearing the written consent of the Agent.
(d) You will follow your usual operating procedures for the
handling of the Accounts, including any remittance received in the Accounts
that contains restrictive endorsements, irregularities (such as a variance
between the written and numerical amounts), undated or postdated items,
missing signatures, incorrect payees, etc.
(e) You shall furnish to the Agent, promptly upon the reasonable
written request of the Agent in each instance, all information regarding
the Accounts, to the extent the same is provided to the Company, for the
period of time specified in such written notice, and the Company hereby
authorizes you to furnish same.
(f) You agree that you will not make, and you hereby waive all of
your rights to make, any charge, debit or offset to the Accounts for any
reason whatsoever, and waive any and all liens, whether contractual or
provided under law, which you may have or hereafter acquire on the Accounts
or funds therein, in each case, other than any charge, offset, debit or
lien in respect of your customary service charges relating to the Accounts.
3
(g) All service charges and fees with respect to the Accounts shall
be payable by the Company.
(h) After the giving of notice referred to in paragraphs (b) and
(c) above, the Agent shall be entitled to exercise any and all rights of
the Company in respect of the Accounts, and the undersigned shall comply in
all respects with such exercise.
This letter agreement shall be binding upon you and your successors
and assigns and shall inure to the benefit of the Agent, the other Secured
Parties and their successors, transferees and assigns. You may terminate this
letter agreement only upon thirty days' prior written notice to the Company and
the Agent. Upon such termination you shall close the Accounts and transfer all
funds in the Accounts to the Agent's Account specified in paragraph (b) above.
4
This letter agreement shall be governed by and construed in accordance
with the laws of the State of New York.
Very truly yours,
[GRANTOR]
By _________________________________
Name:
Title:
BANQUE NATIONALE DE PARIS,
as Agent
By _________________________________
Title:
By _________________________________
Title:
Acknowledged and agreed to as of
the date first above written:
[BLOCKED ACCOUNT BANK NAME]
By ________________________________
Title:
SCHEDULE I TO EXHIBIT A TO THE
SECURITY AGREEMENT
Accounts
--------
EXHIBIT B
to
Security Agreement
FORM OF SECURITY AGREEMENT SUPPLEMENT
_______________,19__
Banque Nationale de Paris,
as Agent
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Structured Finance Group
Security Agreement dated April 24, 1998
between Iron Age Corporation,
Banque Nationale de Paris, as Agent,
and certain other parties thereto
---------------------------------
Ladies and Gentlemen:
Reference is made to the above-captioned Security Agreement (as
amended, supplemented or otherwise modified, the "Security Agreement"). Unless
------------------
otherwise defined herein, terms defined in the Security Agreement are used
herein as therein defined.
The undersigned affirms that it has received ________________ in
consideration for the execution and delivery of this Security Agreement
Supplement.
The undersigned hereby agrees, as of the date first above written, to
become a Grantor under the Security Agreement as if it were an original party
thereto and agrees that each reference in the Security Agreement to a "Grantor"
shall also mean and be a reference to the undersigned.
The undersigned hereby assigns and pledges to the Agent for its
benefit, the benefit of the Issuing Bank, the Swing Line Bank and the ratable
benefit of the Lenders and hereby grants to the Agent for its benefit, the
benefit of the Issuing Bank, the Swing Line Bank and the ratable benefit of the
Lenders as collateral for the Secured Obligations a pledge and assignment of,
and a security interest in, all of the right, title and interest of the
undersigned in and to its Collateral, whether now owned or hereafter acquired.
2
The undersigned has attached hereto supplements to Schedules I through
V to the Security Agreement, and the undersigned hereby certifies that such
supplements have been prepared by the undersigned in substantially the form of
the Schedules to the Security Agreement and are accurate and complete as of the
date first above written.
The undersigned hereby makes each representation and warranty set
forth in Section 8 of the Security Agreement as to itself and as to its
Collateral to the same extent as each other Grantor and hereby agrees to be
bound as a Grantor by all of the terms and provisions of the Security Agreement
to the same extent as all other Grantors.
This letter shall be governed by and construed in accordance with the
laws of the State of New York.
Very truly yours,
[NAME OF ADDITIONAL
GRANTOR]
By ____________________________________
Name:
Title:
Address:
EXHIBIT C
to
Security Agreement
FORM OF CONSENT AND AGREEMENT
The undersigned hereby acknowledges notice of, and consents to the
terms and provisions of, the Security Agreement dated April 24, 1998 (as
amended, supplemented or otherwise modified, the "Security Agreement"; unless
------------------
otherwise defined herein, terms defined therein are used herein as therein
defined) from Iron Age Corporation, a Delaware corporation (the "Borrower") and
--------
certain other parties thereto (together with the Borrower, the "Grantors") to
--------
Banque Nationale de Paris, New York Branch ("BNP"), as Agent (together with any
---
successor agent thereto, the "Agent") for the Secured Parties referred to
-----
therein, and hereby agrees with the Agent that:
1. The undersigned hereby acknowledges and agrees that the execution and
delivery [(i)] of this Consent and Agreement is a material inducement to the
willingness of the Lender Parties to make Advances under the Credit Agreement,
the Issuing Bank to issue Letters of Credit under the Credit Agreement and the
Hedge Banks to enter into the arrangements permitted by Section 5.02(b)(ii)(A)
of the Credit Agreement [and (ii) repeats and reaffirms for the benefit of the
Secured Parties the representations and warranties made in Section ____ of the
Assigned Agreement].
2. The undersigned will make, upon the occurrence and during the
continuance of any Event of Default (unless otherwise required to be paid to the
Lender Parties under the Credit Agreement), all payments to be made by it under
or in connection with the ___________ Agreement dated ________, 19__ (as
amended, supplemented or otherwise modified, the "Assigned Agreement") between
------------------
the undersigned and the Grantor in accordance with the instructions of the
Agent.
3. All payments referred to in paragraph 2 above shall be made by the
undersigned irrespective of, and without deduction for, any counterclaim,
defense, recoupment or set-off and shall be final, and the undersigned will not
seek to recover from any Secured Party for any reason any such payment once
made.
4. The Agent shall be entitled to exercise any and all rights and
remedies of the Grantor under the Assigned Agreement in accordance with the
terms of the Security Agreement, and the undersigned shall comply in all
respects with such exercise.
5. The undersigned will not, without the prior written consent of the
Agent, (i) cancel or terminate the Assigned Agreement or consent to or accept
any cancellation or termination thereof or (ii) amend or otherwise modify the
Assigned Agreement in any manner.
2
6. Any notices to the Agent pursuant hereto shall be in writing and shall
be delivered to:
Banque Nationale de Paris, as Agent
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Structured Finance Group
Telecopier: (000) 000-0000
7. This Consent and Agreement constitutes the entire agreement of the
parties hereto in respect of the subject matter hereof and may not be amended,
supplemented or otherwise modified without the written agreement of the parties
hereto.
This Consent and Agreement shall be binding upon the undersigned and
its successors and assigns, and shall inure, together with the rights and
remedies of the Agent hereunder, to the benefit of, and enforceable by, the
Secured Parties and their respective successors, transferees and assigns. This
Consent and Agreement shall be governed by and construed in accordance with the
laws of the State of New York.
IN WITNESS WHEREOF, the undersigned has duly executed this Consent and
Agreement as of the date set opposite its name below.
Dated: __________ __, 19__ [NAME OF OBLIGOR]
By __________________________
Name:
Title:
SCHEDULE I
----------
PLEDGED SHARES
--------------
PART A
------
PERCENTAGE OF
STOCK ISSUED AND
CLASS OF CERTIFICATE NUMBER OUTSTANDING
GRANTOR ISSUER STOCK PAR VALUE NUMBER OF SHARES SHARES OF ISSUER
------- ------ ----- --------- ------ --------- ----------------
Iron Age Iron Age Com. $1.00 1 1,000 100%
Holdings Corporation
Corporation
Iron Age Falcon Shoe Com. $1.00 64 9,800 100%
Corporation Mfg. Co.
Iron Age Iron Age Com. $ .01 1 & 2 1,000 100%
Corporation Investment (943 & 57)
Company
Iron Age Iron Age Com. (no par C-3 66 66%
Corporation Canada Ltd. in
Canada)
Iron Age Iron Age de Com. N$500 65 66%
Investment Mexico S.A. de New
Company C.V. Pesos
PLEDGED INDEBTEDNESS
PART B
------
OUTSTANDING
GRANTOR ISSUER DESCRIPTION OF DEBT FINAL MATURITY PRINCIPAL AMOUNT
------- ------ ------------------- -------------- ----------------
Iron Age Iron Age Grid Note None Varies
Corporation Canada Ltd.
Iron Age Iron Age Grid Note None Varies
Corporation Mexico, S.A.
de C.V.
Iron Age Iron Age Grid Note None Varies
Investment Corporation
Company
Falcon Shoe Iron Age Grid Note None Varies
Mfg. Co. Corporation
Iron Age Falcon Shoe Grid Note None Varies
Corporation Mfg. Co.
Securities Accounts
Part C
------
Securities Account
Issuer of Description of Securities Intermediary (number, location
Financial Asset Financial Asset (Name and address) and jurisdiction)
--------------- --------------- ----------------- ----------------
None
Commodity Accounts
Part D
------
Commodity Account
Description of Board of trade, exchange or Commodity Intermediary (Number, location
Commodity Contract market where traded (Name and address) and jurisdiction)
------------------ ------------------- ----------------- ----------------
None
SCHEDULE II
-----------
ASSIGNED AGREEMENTS
-------------------
The Canadian Security Agreement dated as of April 24, 1998 made by Iron Age
Canada Ltd., a corporation duly incorporated under the laws of Ontario, to and
in favor of Iron Age Corporation, a Delaware corporation.
SCHEDULE III
------------
LOCATIONS OF EQUIPMENT AND INVENTORY*
------------------------------------
Property at 000 Xxxxx Xxxxxx in the village of Penn Yan, Xxxxx County, New York
Property at the locations on the list attached hereto.
__________________________
* The inventory listed in Schedule III does not include inventory in transit or
inventory located in shoemobiles.
SCHEDULE IV
-----------
TRADE NAMES AND TRADEMARKS
--------------------------
IRON AGE CORPORATION
U.S. TRADEMARKS
---------------
=====================================================================
TRADEMARK REGISTRATION NO. REGISTRATION DATE
--------- ---------------- -----------------
---------------------------------------------------------------------
IRON AGE MAXIMUM & Design 1,671,179 1/7/92
----------------------------------------------------------------------
IRON AGE SPORTWORK II 1,677,695 3/3/92
----------------------------------------------------------------------
GRABBER 928,349 2/1/72
----------------------------------------------------------------------
FREEDOM TOE 1,276,282 5/1/84
----------------------------------------------------------------------
METAPRO 949,859 1/2/73
----------------------------------------------------------------------
SAFE-GARD 1,082,707 1/17/88
----------------------------------------------------------------------
IRON AGE & Design 1,212,263 10/12/82
----------------------------------------------------------------------
IRON AGE 634,888 9/25/56
----------------------------------------------------------------------
MIGHTY TOUGH 1,919,851 9/19/95
----------------------------------------------------------------------
MIGHTY TOUGH & Design 1,919,852 9/19/95
----------------------------------------------------------------------
IRON AGE PLUS 2,112,932 11/11/97
----------------------------------------------------------------------
ROUGH CREEK 2,082,503 7/22/97
----------------------------------------------------------------------
OIL RESISTANT GUARANTEED SHU- 780,371 11/17/64
LIFE SOLE
----------------------------------------------------------------------
XXXXX ATVS BUILT TO GO 1,919,898 9/19/95
ANYWHERE (Stylized Letters)
----------------------------------------------------------------------
XXXXX ATVS BUILT TO GO 1,967,884 4/16/96
ANYWHERE
----------------------------------------------------------------------
XXXXX ATVS U.S.A. 2000 SERIES 1,901,251 6/20/95
(Stylized Letters)
----------------------------------------------------------------------
XXXXX ATVS U.S.A. 2000 SERIES 1,905,063 7/11/95
----------------------------------------------------------------------
ATVS BY XXXXX 1,477,784 2/23/88
----------------------------------------------------------------------
TUF-SHOT 1,344,676 6/25/85
----------------------------------------------------------------------
TWO-SHOT 1,201,228 7/13/82
----------------------------------------------------------------------
XXXXX MASTER CRAFT CUSHIONED 1,133,194 4/15/80
COMFORT (and Design)
----------------------------------------------------------------------
XXXXX SHOES & Design 785,262 2/16/65
----------------------------------------------------------------------
----------------------------------------------------------------------
XXXXX FREE-WAY CUSHIONED SHOES 671,243 12/16/58
& Design
======================================================================
U.S. SERVICE MARKS
------------------
=====================================================================
SERVICE XXXX REGISTRATION NO. REGISTRATION DATE
------------ ---------------- ------------------
---------------------------------------------------------------------
IRON AGE 1,966,512 4/9/96
---------------------------------------------------------------------
IRON AGE PLUS 2,120,443 12/9/97
=====================================================================
U.S. TRADEMARK APPLICATIONS
---------------------------
=====================================================================
TRADEMARK SERIAL NO. FILING DATE
--------- ---------- -----------
---------------------------------------------------------------------
RUFFHIDES 74/491,094 2/15/94
---------------------------------------------------------------------
SPORTWORK 319,367 7/3/97
---------------------------------------------------------------------
ARMOR 75X-TRA LITE & Design 342,582 8/18/97
---------------------------------------------------------------------
SAFE-GARD 357,666 9/16/97
---------------------------------------------------------------------
HIGH-WIDE PROFILE II 418,663 1/9/98
---------------------------------------------------------------------
THE SOLES OF WORKING AMERICA 462,254 4/6/98
=====================================================================
U.S. SERVICE XXXX APPLICATIONS
------------------------------
None.
FOREIGN TRADEMARKS
------------------
=====================================================================
TRADEMARK COUNTRY REGISTRATION NO. REGISTRATION DATE
----------- -------------- ---------------- -----------------
---------------------------------------------------------------------
IRON AGE Benelux 488,506 12/7/90
---------------------------------------------------------------------
IRON AGE Canada 223,537 10/7/77
---------------------------------------------------------------------
IRON AGE Germany 1,022,860 11/27/80
---------------------------------------------------------------------
IRON AGE Denmark 2318-1981 9/4/81
---------------------------------------------------------------------
IRON AGE France 1,621,306 11/27/80
---------------------------------------------------------------------
IRON AGE United Kingdom 1,144,205 11/19/80
---------------------------------------------------------------------
IRON AGE Mexico 419,038 3/8/92
---------------------------------------------------------------------
IRON AGE Norway 110,047 12/3/81
---------------------------------------------------------------------
---------------------------------------------------------------------
IRON AGE Taiwan 434,908 3/16/89
---------------------------------------------------------------------
IRON AGE China 642,723 5/21/93
---------------------------------------------------------------------
IRON AGE Sweden 176,255 4/16/81
---------------------------------------------------------------------
IRON AGE Hong Kong 04875 12/30/93
---------------------------------------------------------------------
IRON AGE United Kingdom 1,512,133 9/9/92
---------------------------------------------------------------------
IRON AGE Japan 3338462 8/8/97
---------------------------------------------------------------------
IRON AGE Korea 386476 12/15/97
---------------------------------------------------------------------
FOREIGN SERVICE MARKS
---------------------
=====================================================================
SERVICE XXXX COUNTRY REGISTRATION NO. REGISTRATION
-------------- ------- ---------------- ------------
DATE
----
---------------------------------------------------------------------
IRON AGE Korea 41362 2/19/98
=====================================================================
FOREIGN TRADEMARK APPLICATIONS
------------------------------
=====================================================================
TRADEMARK COUNTRY SERIAL NO. FILING DATE
--------- ------- ---------- -----------
---------------------------------------------------------------------
SPORTWORK Mexico 318,773 1/7/98
---------------------------------------------------------------------
ARMOR 75X-TRA Canada 322,891 1/20/98
LITE & Design
---------------------------------------------------------------------
XXXXX Canada 865,487 12/31/97
---------------------------------------------------------------------
SPORTWORK Canada 865,488 12/31/97
---------------------------------------------------------------------
SPORTWORK II & Canada 865,489 12/31/97
Design
---------------------------------------------------------------------
IRON AGE Philippines 102,856 9/20/95
---------------------------------------------------------------------
SAFE-GARD Canada 869,158 2/11/98
---------------------------------------------------------------------
SAFE-GARD Mexico 325,962 3/16/98
=====================================================================
FOREIGN SERVICE XXXX APPLICATIONS
---------------------------------
===============================================================
SERVICE XXXX COUNTRY SERIAL NO. FILING DATE
------------ ------- ---------- -----------
---------------------------------------------------------------
IRON AGE Philippines 102857 9/20/95
===============================================================
IRON AGE INVESTMENT COMPANY
U.S. REGISTRATIONS
------------------
None.
FOREIGN SERVICE XXXX REGISTRATIONS
----------------------------------
============================================================
SERVICE XXXX COUNTRY REGISTRATION NO. REGISTRATION DATE
------------ ------- ---------------- -----------------
------------------------------------------------------------
IRON AGE Mexico 509304 10/31/95
------------------------------------------------------------
IRON AGE Canada TMA 473,865 3/26/97
============================================================
FALCON SHOE MFG. CO.
U.S. TRADEMARKS
---------------
=====================================================================
TRADEMARK REGISTRATION NO. REGISTRATION DATE
--------- ---------------- -----------------
---------------------------------------------------------------------
XXXXXX 895,088 7/21/70
---------------------------------------------------------------------
XXXXXX TYROLEANS 740,975 11/20/62
---------------------------------------------------------------------
XXXXXX WAFFLE-STOMPERS 973,456 11/20/73
---------------------------------------------------------------------
GREAT FOOTWEAR FOR THE GREAT 1,119,327 5/29/79
OUTDOORS
---------------------------------------------------------------------
THE WAY OF NATURE. . .THRU THE 1,110,565 1/2/79
HANDS OF MAN
---------------------------------------------------------------------
RUGGARDS (Stylized) 419,794 3/5/46
---------------------------------------------------------------------
TRU-TRAK 1,437,386 4/21/87
---------------------------------------------------------------------
TRUKKERS 993,107 9/10/74
---------------------------------------------------------------------
XXXXXX DOUBLE COVERAGE TOES & 1,855,821 9/27/94
DESIGN
---------------------------------------------------------------------
DURAFLEX 843,731 2/6/68
---------------------------------------------------------------------
WIDE TRAK 2,030,521 1/14/97
---------------------------------------------------------------------
ARMOR-TECH 2,051,944 4/15/97
=====================================================================
STATE REGISTRATION
------------------
=====================================================================
TRADEMARK STATE REGISTRATION NO. REGISTRATION DATE
--------- ----- ---------------- -----------------
---------------------------------------------------------------------
XXXXXX Vermont 4,553 3/29/73
=====================================================================
FOREIGN REGISTRATIONS
---------------------
==============================================================
TRADEMARK COUNTRY REGISTRATION NO. REGISTRATION DATE
------------ ----------- ---------------- -----------------
--------------------------------------------------------------
XXXXXX Austria 142,074 5/21/92
--------------------------------------------------------------
XXXXXX Canada 225,957 2/10/78
TYROLEANS
--------------------------------------------------------------
DUNHAM'S Italy 586,393 12/29/92
--------------------------------------------------------------
XXXXXX Japan 1,620,432 9/29/83
--------------------------------------------------------------
XXXXXX Germany 2,027,548 1/5/93
--------------------------------------------------------------
XXXXXX Spain 1,683,507 4/3/95
--------------------------------------------------------------
XXXXXX Canada 460,625 8/2/96
--------------------------------------------------------------
DUNHAM'S France 1,613,236 9/30/90
--------------------------------------------------------------
DUNHAM'S Switzerland 383,406 7/19/91
==============================================================
FOREIGN APPLICATIONS
--------------------
========================================================
TRADEMARK COUNTRY SERIAL NO. FILING DATE
--------- ------- ---------- -----------
--------------------------------------------------------
ARMOR-TECH Canada 801,437 1/10/96
---------------------===================================
TRADEMARK APPLICATIONS TO BE FILED
----------------------------------
=================================================
TRADEMARK COUNTRY
--------- -------
-------------------------------------------------
THE SOLE XX XXXXXXX XXXXXXX Xxxxxx Xxxxxx
-------------------------------------------------
XXXXX Xxxxxx Xxxxxx
=================================================
SCHEDULE V
----------
BLOCKED ACCOUNTS
----------------
BANK ACCOUNT ACCOUNT NAME ADDRESS
------------ ------------ -------
Iron Age
--------
Holdings Corporation
--------------------
PNC Bank of Delaware 00-0000-0000 000 Xxxxxxxx Xxx. Xxx 000
Xxxxxxxxxx, XX 00000
Iron Age Investment
-------------------
Company
-------
PNC Bank of Delaware Checking Acct: 000 Xxxxxxxx Xxx. Xxx 000
00-0000-000 Xxxxxxxxxx, XX 00000
Falcon Shoe Mfg. Co.
--------------------
Xxx Xxxx xx Xxxxx 0000000 00 Xxxxxx Xxxxxx
Xxxxxxxx, XX 00000
Iron Age Corporation
--------------------
PNC Bank 1001739581 Fifth Ave. and Wood Street
1001739602 Xxxxxxxxxx, XX 00000
1004405333
National Bank of Geneva 274718677 0 Xxxxxx Xxxxxx
X.X. Xxx 000
Xxxxxx, XX 00000
Bath National Bank 536701423 000 Xxxx Xxxxxx
000000000 Xxxx Xxx, XX 00000
SCHEDULE VI
-----------
FINANCING STATEMENTS
--------------------
Please see Exhibit A re: certain UCC filings.
Schedule III
------------
(continued)
-----------
IRON AGE CORPORATION
ALL LOCATIONS WITH LEASE INFORMATION
[Lessee is Iron Age Corporation except where otherwise noted (see pp. 8&9)]
LOCATION LOCATION Annual Expiration
Code (ADDRESS) ST COUNTY** Lessor Rent* Date
---- --------- -- -------- ------ ----- ----
170 Mobile, Al Mobile Unit AL Mobile Springdale Stores, Inc. $18,300.00 4/30/99
Yester Oaks Shopping Center
0000X Xxxxxxx Xxxx.
Xxxxxx, XX 00000
000 Xxxxxxxxxx Xxxxxx Xxxx XX Xxxxxxxxx Birmingham Realty $20,400.00 8/31/02
000 Xxxxxxxxxx Xxxx., Xxxxx X Xxxxxxx
Xxxxxxxxxx, XX 00000
000 Xxxxxxx Xxxxxx Xxxx XX Maricopa Westco Properties of Phoenix $12,068.52 8/31/02
0000 XxXxxxxx Xxxx
Xxxxxxx, XX 00000
000 Xxxxxx X/X Xxxxx XX Pima Xxxxxxx Properties $ 8,656.20 12/14/98
0000 Xxxx 00xx Xxxxxx
Xxxxxx, XX 00000
000 Xxx Xxxx Xxxxxx XX Santa Xxxxx Xxxxxxx Trust Properties $28,200.00 12/31/01
0000 Xxx Xxxxxxxx Xxx.
Xxx Xxxx, XX 00000
000 Xxx Xxxxxx Xxxxxx Xxxx XX Orange VSW Investments $25,284.00 11/30/98
0000 Xxxxx Xxxxxx
Xxxx 0
Xxxxx Xxxx, XX 00000
000 Xxx Xxxxxxx Xxxxxx Xxxx XX Los Angeles Xxxx-Xxxxxx-Commerce #1 Assoc. $25,505.28 10/14/99
0000 Xxxxxxxx Xxx.
Xxxxxxxx, XX 00000
177 Los Angeles Xxxxx CA Los Angeles Commerce Properties $52,356.00 04/30/98
0000 X. Xxxxxxxxxx Xxxx.
Xxx Xxxxxxx, XX 00000
178 Torrance, CA CA Los Angeles Xxxxx Xxxxxx, Xx. $34,128.00 06/30/02
00000 Xxxxxxxxx Xxxx.
Xxxxxxxx, XX 00000
000 Xxxx Xxxxxx, XX XX Los Angeles Xxxxxx Center, Inc. $34,128.00 06/30/00
000 Xxxxx Xxxxx Xxx.
Xxxx Xxxxxx, XX 00000
172 Denver Mobile Unit CO Xxxxxxxxx Xxxxx Enterprises $13,332.00 4/30/01
0000 Xxxx Xxxx
Xxxxx Xxxxx, XX 00000
000 Xxxxxxx Xxxxxx Xxxx XX New Haven 321 B.P.R. LLC $24,779.52 9/30/00
000 Xxxxxx Xxxx Xxxx
Xxxxxxx, XX 00000
000 Xxx-Xxxxxxxx Xxxxxx Xxxx XX New Castle Airport Business Center VI $21,729.24 2/28/00
Airport Business Center
000 Xxxxxxx Xxxx.
Xxxxx X
Xxx Xxxxxx, XX 00000
000 Xxxxx Xxxxxx Xxxx XX Hillsborough Xxxxx X. Xxxxxxx $14,058.00 12/31/03
0000 Xxxx Xxxxxxxx
Xxxxx, XX 00000
000 Xxxxxxxxxxxx Xxxxxx Xxxx XX Xxxxx St. Augustine Road Investments $10,255.20 5/31/01
Commerce Park
0000-0 Xxxxxxxxx Xxxx
Xxxxxxxxxxxx, XX 00000
000 Xx. Xxxxxxxxxx Xxxxxx Xxxx XX Broward PBP Venture Corp-Xxxxxxxx $16,992.24 12/31/98
Xxxxxxx Xxxxx Xxxxxxxxxx Xxxx
Xxxxx 000
0000 X. X. 00xx Xxxxxx
Xx. Xxxxxxxxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Xxxxxxx B&B Management, Inc. $16,956.36 07/31/00
0000 Xxxxxxxxx Xxxxxxx
Xxxxx 000
Xxxxxxxxx, XX 00000
000 Xxxxxxx Xxxxxx Xxxx XX Richmond Meybohm Realty $10,500.00 5/31/99
Aarbour Crossing
0000 Xxxxx Xxxxxxx Xx.
Xxxxxxx, XX 00000
000 Xxxxxx Xxxx, XX XX Xxxxxxx X.X. Limited $ 9,799.92 month to month
0000 Xxxxxxxxx Xxxx
Xxxxxx Xxxx, XX 00000
000 Xxxxxx Xxxxxx Xxxx XX Rock Island Xxxxx Xxx Sung $15,000.00 7/31/98
Xxxxx Xxxx Xxxxx, Xxxx #0
0000 00xx Xx.
Xxxxxx, XX 00000
000 Xxxxxxxx Xxxx Xxxxxx Xxxx XX Xxxx Xxxxx Industries $26,448.00 10/31/98
00000 Xxxxxxxx Xxxxxx
Xxxxxxxx Xxxx, XX 00000
185 Oaklawn, IL IL Xxxx Xxxxxxx Xxxxxxxx $26,400.00 12/02/99
0000 X. Xxxxxx Xxx.
Xxxxxxx, XX 00000
-2-
186 Melrose Park, IL IL Xxxx Xxx Alport $18,759.96 07/31/00
0000 Xxxxx Xxx.
Xxxxxxx Xxxx, XX 00000
160 Indianapolis IN Xxxxxx F&R Realty Co. $12,600.00 5/31/00
Mobile Unit
0000 X. 00xx Xxxxxx
Xxxxxxxxxxxx, XX 00000
000 Xxxxxxxxxx Xxxxxx Xxxx XX Xxxxxxxxx XxXxx Ltd. $24,269.16 4/30/01
0000 Xxxx Xxxxxx Xxxx,
Xxxxx 00
Xxxxxxxxxx, XX 00000
156 Baton Rouge Mobile Unit LA E. Baton Lennar Partners $18,562.56 3/31/99
Southridge Center Rouge
00000 Xxxxxxx Xxxx., Xxx. X0
Xxxxx Xxxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Worcester KRS Realty Trust $21,735.00 8/31/98
Heritage Business Park d/b/a Heritage
0000 Xxxxxxx Xx., Xxxxx 0X
Xxxxxxxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Bristol Xxxxx Xxxx XxXxxxxx $29,400.00 1/31/01
000 Xxxxx Xxxx Xx., Xx. 000
Xxxxxxxxx, XX 00000
000 Xxxxxxxx, XX MA Plymouth Stonehill Shoppes Inc. $44,313.00 10/31/01
Xxxxxxx'x Rainbow Square
0000 Xxxxxxx Xxxxxx
Xxxxxxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Baltimore MIE Development $19,956.00 4/30/00
0000 Xxxxxx Xxx., Xxx. X (xxxxx)
Xxxxxxxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Cumberland Portland Associates Trust $16,320.00 1/31/01
Bradlee's Plaza
00 Xxxx Xxxxxx
Xxxxxxxxx, XX 00000
188 Lewiston, ME ME Androscoggin Equity Properties $ 4,800.00 12/31/99
00 Xxxxxx Xxxxxx
Xxxxxxxx, XX 00000
000 Xxxxxxxx Xxxxxx Xxxx XX Oakland Madison Square Ltd. Part. $15,984.00 11/9/99
00000 Xxxx X. Xxxxxx
Xxxxxxx Xxxxxxx, XX 00000
000 Xxxxxxxx Xxxxxx Xxxx XX Kent Giant Development $15,000.00 2/28/00
0000-X Xxxxxx Xxx., XX
Xxxxxxxx, XX 00000
183 Eastpointe, MI MI Macomb East Detroit Investment $24,000.00 6/30/99
00000 Xxxxxxx Xxx.
Xxxxxxxxxx, XX 00000
-3-
184 Westland, MI MI Xxxxx Xxxxx & Xxxxxx (U.S.) $16,263.96 10/31/03
0000 Xxxxx Xxxx
Xxxxxxxx, XX 00000
000 Xxxxxxxxxxx Xxxxxx Xxxx XX Hennepin St. Croix Medical, Inc. $10,992.00 7/31/98
0000 X. Xxxxx Xx., Xxxxx 000
Xxxxxxxxxxx, XX 00000
000 Xxxxxxxxxxxx Xxxxxx Xxxx XX Xxxxxxx Xxxxxx South Development Co. $13,151.16 1/31/00
0000 Xxxxx Xxxxxx Xxxx
Xxxxx Xxxxxx Shopping Center
Xxxxxxxxxxxx, XX 00000
000 Xx. Xxxxx Xxxxxx Xxxx XX Xx. Xxxxx Xxxxx Xxxx Joint Venture $23,400.00 2/28/00
00000 Xxxxxxx Xxxx
Xxxxxxxx Xxxxxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Mecklenburg Vinson Realty Co. $13,197.00 12/31/99
Stock Port Business Center
0000 Xxxxxxxxxxxx Xxxx -000X
Xxxxxxxxx, XX 00000
000 Xxxxxxxxxx Xxxxxx Xxxx XX Xxxxxxxx Xxxxxx X. XxXxxxxx $18,000.00 6/30/99
000 Xxxxxxxx Xxxxx
Xxxxxxxxxx, XX 00000
000 Xxxxxxx Xxxxxx Xxxx XX Durham Highwoods/Forsyth $21,299.52 5/31/01
Creekstone Crossing Ser Limited Partner
Center
0000 X. Xxxxx Xxxx., Xxxxx 000
Xxxxxxxxxxx, XX 00000
195 Charlotte, NC NC Mecklenburg Xxxxxxxxx Associates $17,499.96 05/31/98
0000 X. Xxxxxxxxxxxx Xxxx.
Xxxxxxxxx, XX 00000
000 Xxx Xxxxxx Xxxxxx Xxxx XX Middlesex AAA Budget Self Storage $24,375.00 10/14/02
0000 Xxxxxxx Xxxx
Xxxxxxxxxx, XX 00000
000 Xxxxxxxxxx Xxxxxx Xxxx XX Xxxxxx Xxxx Realty Corp. $29,712.00 1/31/01
000 Xxxxx 00 Xxxx
Xxxxxxxxxxx, XX 00000
000 Xxxxxx Xxxx, XX XX Xxxxxx Xxxxxx Xxxx Associates $25,404.24 08/31/02
0000 Xxxxx 00 Xxxx
Xxxxxx Xxxx, XX 00000
000 Xxxxx, XX XX Passaic Construction Realty Co., Inc. $44,493.12 06/16/01
Willow Square
000 Xxxx 00
Xxxxx, XX 00000
194 Union, NJ NJ Union Rondo Music, Inc. $32,721.96 11/30/00
0000 Xxxxx 00
Xxxxx, XX 00000
-4-
000 Xxxxxxxxxxx Xxxxxx Xxxx XX Bernalillo Southeast Xxxxxxxxxx Ltd. $16,380.00 03/31/99
0000 Xxxxxxxxxx X.X.
Xxxxxxxxxxx, XX 00000
005 Penn Yan Warehouse #2/ NY Xxxxx Xxxxx County XXX $31,800.00 2/28/99
Central Tractor
0 Xxxxx Xxxxxxxx Xxxx
Xxxxxxx Xxxx.
Xxxx Xxx, XX 00000
000 Xxxxxx Xxxxxx Xxxx XX Xxxxxx Xxxx Electronics Corp. $21,312.00 8/31/99
000 Xxxxxx Xxxxxxx Xxxx
Xxxxxx, XX 00000
000 Xxxxx Xxxxxx Xxxx XX Xxxx Xxxx Urban Plaza Associated $21,600.00 12/16/01
Xxxx Xxxxx Plaza
000 Xxxx Xxxx
Xxxxx, XX 00000
000 Xxxxxxxx Xxxxx XX Nassua Ronrett Realty Company $23,970.72 09/30/01
0000 Xxxxxxx Xxx.
Xxxxxxxx, XX
000 Xxxxxx Xxxxxx Xxxx XX Saratoga J. Xxxx Xxxx $30,658.56 03/05/03
00 Xxxxxxxx Xxxx.
Xxxxxxx Xxxx, XX 00000
209 Penn Yan Store NY Xxxxx Xxxx X. Xxxxxx $19,200.00 9/30/00
000 Xxxx Xxxxxx
Xxxx Xxx, XX 00000
180 Rochester, NY NY Monroe Xxxxxx Xxxxxxx $21,600.00 06/30/01
2862 Q. Xxxxxxxxx Xxxx
Xxxxxxxxx, XX 00000
000 Xxxxxxxxxxx, XX NY Erie M.S. Real Estate $21,675.00 month to month
0000 Xxxxxx Xxx.
Xxxxxxxxxxx, XX 00000
000 Xxxxxxxx, XX NY Kings Xxxxxx Associates $51,000.00 month to month
00-00 Xxxxxx Xx.
Xxxxxxxx, XX 00000
190 Yonkers, NY NY Westchester Xxxxxxx Ind. Dev. Corp. $67,143.96 10/26/98
000 Xxxxxxx Xxxx Xxx.
Xxxxxxx, XX 00000
191 Westbury, NY NY Nassau Ronret Realty Company $79,104.12 09/30/01
000 Xxxxxxx Xxx.
Xxxxxxxx, XX 00000
000 Xxxxxxxx, XX NY Kings Xxxxxxx Investors $17,031.00 05/31/98
0000 Xxxxxxxx Xxx.
Xxxxxxxx, XX 00000
-5-
197 Bohemia, NY NY Suffolk Connetquot Associates $ 24,600.00 12/31/02
0000 Xxxxxxx Xxxxxxx
Xxxxxxx, XX 00000
000 Xxxxxxx Xxxxxx Xxxx XX Cuyahoga Meadowbrook Market Square $ 16,800.00 0/00/00
Xxxxxxxxxxx Xxxxxx Xxxxxx
00000 Xxxxxxxx Xxxx
Xxxxxxx, XX 00000
000 Xxxxxxxxxx Xxxxxx Xxxx XX Xxxxxxxx Xxxxxxx Real Estate Partners $ 14,263.56 7/31/99
0000 Xxxx Xx., Xxxxx X
Xxxxxxxxxx, XX 00000
000 Xxxxxxxx Xxxxxx Xxxx XX Xxxxxxxx Xxxxxxxx Real Estate Corp. $ 13,599.96 4/30/03
0000 Xxxxxx Xxxx
Xxxxxxxx, XX 00000
000 Xxxxxxxx Xxxx Xxxxxx Xxxx XX Oklahoma Windsor Park Associates $ 12,600.00 6/30/00
0000 X. Xxxxxxxx
Xxxxxxxx Xxxx, XX 00000
163 Tulsa Mobile Unit OK Tulsa Security Square Shopping $ 14,400.00 9/30/99
00000 X. 00xx Xxxxxx
Xxxxx, XX 00000
137 Portland Mobile Unit OR Multnomah Xxxxx Xxxx $ 15,900.00 7/16/98
000 X. X. Xxxxx Xxxxxx
Xxxxxxxx, XX 00000
001 Iron Age PA Allegheny Xxxxxx X. & Xxxxxxx X. $ 255,023.41 9/30/99
Xxxxxxxx Xxxxx Xxxxx, Xxxxxxx
Xxxxx 000
Xxxxxxxxxx, XX 00000
0000 Xxxx Xxxx. $ 100.00
Exhibition Floater
000 Xxxxxxxxxx Xxxxxx Xxxx XX Allegheny Xxxxxx Xxxxxxxxx $ 48,000.00 5/31/03
0000 Xxxxxxxxxxxx Xxxx
Xxxxxxxxxx, XX 00000
000 Xxxx Xxxxxx Xxxx XX York X.X. Xxxx Associates, Inc. $ 17,700.00 9/30/00
0000 Xxxxxxxxxx Xxxxxxx
Xxxx, XX 00000
000 Xxxx Xxxxxx Xxxx XX Erie Terra Erie Associates $ 7,200.00 9/30/98
Eastway Plaza
0000 Xxxxxxx Xxxx (Xx. 00)
Xxxx, XX 00000
125 Manati Mobile Unit PR Manati Xxxxxxx Xxxxxx Xxxxx $ 24,000.00 0/00/00
Xxxx #0, Xxxxxxxxx 44.7
BO. Xxxxxxx #00, Xxxxx 0
Xxxxxx, XX 00000
-6-
142 Caguas Mobile Unit PR Caguas Turabo Development, Inc. $ 22,500.00 0/00/00
Xxxxx Xxxx Xx. 000, Xx. 0
Xxxxxx, XX 00000
000 Xxxxx Xxxxxx Xxxx XX Xxxxx Xxxxx Xxxxxxxx Logo $ 13,800.00 0/00/00
Xxx Xxxxxxxx Xxx., #00
Xxxxx, XX 00000
000 Xxxxxxxx Xxxxxx Xxxx XX Florence Xxxxxx X. XxXxxxxx $ 10,800.00 6/30/99
000 Xxxxx Xxxxxx Xxxxx
Xxxxxxxx, XX 00000
129 Spartanburg Mobile Unit SC Spartanburg Xxxxxxx Development Assoc. $ 9,600.00 5/31/00
Cleveland Village Shopping Cen
0000 Xxxxxxxxx Xxx. Xxxxx 0
Xxxxxxxxxxx, XX 00000
000 Xxxxxxxx Xxxxxx Xxxx XX Richland McWill Partnership $ 30,000.00 11/30/06
0000 Xxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
000 Xxxxxxx Xxxxxx Xxxx XX Xxxxxx XXXX Associates $ 16,020.00 9/30/99
0000 Xxxxxxxxxxxx Xx.
Xxxxx 00
Xxxxxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Xxxxxxxx Xxxxxxx X. Xxxxxxx III $ 17,100.00 4/30/00
000 Xxxxxxxxxx Xxxx
Xxxxxxxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Xxxx West End Phasde I $ 11,199.96 9/17/00
000 Xxxx Xxx Xxx.
Xxxxxxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Xxxxxxxx J. Xxxx Xxxxxx $ 5,160.00 8/31/99
Wilcox Business Center
Xxxx 0, Xxxx. 0
000 X. Xxxxxx Xxxxx
Xxxxxxxxx, XX 00000
230 Goodyear Tire & Rubber Co. TN Obion Xxxxxxxx Xxxxxxx $ 2,273.16 month to month
0000 Xxxxxx Xxxx
Xxxxx Xxxx, XX 00000
000 Xx Xxxx Xxxxxx Xxxx XX El Paso Xxxxxxx X. Xxxxxxxx $ 18,588.00 12/31/00
0000 Xxxx Xxxxxxx.
Xxxxx 0
Xx Xxxx, XX 00000
000 Xxxxxx Xxxxxx Xxxx XX Dallas Xxx Xxxxx $ 18,000.00 2/31/01
0000 Xxxx Xxxxx
Xxxxxx, XX 00000
000 Xxxxxxx Xxxxxx Xxxx XX Xxxxxx T.T. Xxxxxxx $ 24,000.00 2/31/00
0000 Xxxxxx Xxxx
Xxxxxxx, XX 00000
-7-
000 Xxx Xxxxxxx Xxxxxx Xxxx XX Bexar N.P. Partners, Ltd. $ 16,860.00 5/31/99
0000 Xxxxxxxxxxxxxx Xxxx
Xxx Xxxxxxx, XX 000000
000 Xxxxxxxx Xxxxxx Xxxx XX Xxxx Dell Xxxxxxxx $ 12,000.00 10/31/05
0000 Xxxx Xxxx Xxxx
Xxxxxxxx, XX 00000
000 Xxxxxxxx Xxxxxx Xxxx XX Xxxxxx Xxxx X. Xxxxxx $ 11,880.00 9/30/98
0000 Xxxxxxxx Xxxxxxx
Xxxxx 000
Xxxxxxxx, XX 00000
150 Austin Store TX Xxxxxx Xxxxxx Center, Inc. $ 18,000.00 12/31/98
00000 Xxxxxxx Xx
Xxxxxx, XX 00000
000 Xxxx Xxxx Xxxx Xxxxxx Xxxx XX Salt Lake Xxxxxx Partnership $ 16,868.28 12/31/99
0000 Xxxxx Xxxxxxx Xx.
Xxxx Xxxxxx Xxxx, XX 00000
000 Xxxxxxxx Xxxxxx Xxxx XX Bedford Xxxxxx XxXxxxx $ 16,800.00 6/30/00
Popular Forest Center
X.X. Xxx 0000, Xxxxx 0
Xxxxxx, XX 00000
000 Xxxxxxx Xxxxxx Xxxx XX Independent Northampton Corporate $ 18,636.00 4/30/00
Northampton Business Center Park Assoc.
0000 Xxxxxxxxxxx Xxxx.
Xxxxx 000
Xxxxxxxx Xxxxx, XX 00000
222 Goodyear VA Independent Xxxxxxxx Xxxxxxx $ 2,587.68 month to month
0000 Xxxxxxxx Xxxx.
Xxxxxxxx, XX 00000
000 Xxxxxxx Xxxxxxxx XX GE Capital Modular Space $ 5,655.36 9/10/98
Corporation
X.X. Xxx 000
Xxxxxxxxx, XX 00000
000 Xxxxxxx Xxxxxx Xxxx XX King Cumberland Industrial Center $18,600.00 10/31/01
00000 00xx Xxx., Xxxxx
Xxxxxxxx X
Xxxx, XX 00000
000 Xxxxxxxxx Xxxxxx Xxxx XX Milwaukee Megal Development Corp. $ 17,100.00 4/30/99
Unit D
0000 Xxxxxxxxxx Xxxx
Xxxxxxxxx, XX 00000
000 Xxxxx Xxx Xxxxx XX Xxxxx Walnut Center Company $ 7,332.00 12/31/99
0000 Xxxxxx Xxxxxx
Xxxxx Xxx, XX 00000
161 Parkersburg WV Xxxx Xxxxxx X. Xxxxxx $ 6,600.00 7/31/99
000 Xxxx Xxxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
-8-
Iron Age Canada, LTD CN Ontario Von-Land Corporation C$50,151.96 6/30/01
000 Xxxxx Xxxxxxxxx Xx., Xxxxxxx
Xxxx 0
Xxxxxxx, XX L4K-3R2
122 Iron Age Canada, LTD CN Alberta Capital Ideas LTD C$10,500.00 1/31/01
Bay #000
000 00 Xxxxxx X.X.
Xxxxxxx, Xxxxxxx
000 Xxxx Xxx Xxxxxx, XXX XX Xxxxxxx Xxxxxxxx Colliers C$32,432.28 04/30/02
00000 Xxxxxxxxxx Xxxx
Xxxxx 000
Xxxxxxxx, Xxxxxxx Xxxxxxxx X0X IT2
160 Iron Age Canada, LTD CN Ontario Associates Corporation of C $5,400.00 11/30/98
0000 Xxxxxx Xxxxxx Xxxx Xxxxx Xxxxxxx and
Xxxxxxxx, Xxxxxxx X0X 0X0 Ongiara Properties, Inc. C$46,963.08 08/30/00
161 Iron Age Canada, LTD CN Ontario St. Catherines Equities C$26,551.50 07/31/02
000 Xxxxxxx Xxxx Xxxxxxx
Xx. Xxxxxxxxxx, Xxxxxxx X0X 0X0
162 Iron Age Canada, LTD CN Ontario Xxxx & Xxxxx Xxxxx C$35,310.00 month to month
000 Xxxxxxx Xxxxx
Xxxxxxxxx, Xxxxxxx X0X XX0
163 Iron Age Canada, LTD CN Ontario Enterprise Property Group C$18,877.20 05/31/00
000 Xxxxxx Xxxxxx Xxxx
Xxxx X
Xxxxxx, Xxxxxxx X0X 0X0
164 Iron Age Canada LTD CN Ontario Xxxx and Xxxx Xxxxxxx C$14,775.24 month to month
000 Xxxxxx Xxxxxx Xxxxx
Xxxxx Simoce Plaza
Oshawa, Ontario L1H 4J5
165 Iron Age Canada, LTD CN Ontario Xxxx Tillney Warrington C$15,079.20 month to month
000 Xxxxxxx Xxxxxx
Xxxxxxxxxxxx, Xxxxxxx XXX 0X0
Iron Age Canada, LTD CN Ontario Comro Developments C$32,945.88 12/31/99
0000 Xxxxxx Xxxxxx East
Units 14 & 15'
Xxxxxx, Xxxxxxx X0X 0X0
Iron Age De Mexico S.A. MX Quimica Industrial Fronteriza N$184,833.60 12/31/99
DE C.V.
Cattetera Juaraz Porvenir 1568 9-B
Centro Comercial Satelite
Ciudad Xxxxxx, Chihuahua
Falcon Shoe Manufacturing ME Androscoggin Xxx Continental $216,917.28 03/31/99
Company
0 Xxxxx Xxxxxx
Xxxxxxxx, XX 00000
-9-
Falcon Shoe/Xxxxx ME Androscoggin Equity Properties $122,268.80 12/31/99
Manufacturing
00 Xxxxxx Xxxxxx
Xxxxxxxx, XX 00000
Xxxxx Shoes (old MA Plymouth Concord Foods, Inc. $121,263.60 10/31/98
corporate offices)
Xxx Xxxxx Xxxxxx
Xxxxxxxx, XX 00000
-10-
* Excludes CAM and Taxes
** County not included in lease
IRON AGE UCC FILINGS
IN CONNECTION WITH THE FEBRUARY 26, 1997 CREDIT AGREEMENT
AND APRIL 24, 1998 CREDIT AGREEMENT
====================================================================================================================================
DEBTOR: IRON AGE CORPORATION ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING FILINGBNP'S UCC-2/3
AMENDMENT FILING
------------------------------------------------------------------------------------------------------------------------------------
CREDIT STATE JURISDICTION FILING FILING FILING FILING FILING FILING FILING FILING
FOR DATE NO. DATE NO. DATE NO. DATE NO.
====================================================================================================================================
PNC AL Secretary of State 1/24/95 B95-03248FS 3/3/97 B95-03248 3/3/97 B97-08492 FS
------------------------------------------------------------------------------------------------------------------------------------
PNC AK Secretary of State None None None None 3/3/97 427548
------------------------------------------------------------------------------------------------------------------------------------
PNC AZ Secretary of State 12/29/93 770984 3/3/97 770984 3/3/97 957911
------------------------------------------------------------------------------------------------------------------------------------
PNC AZ Secretary of State 1/24/95 817127 0/0/00 000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
PNC AR Secretary of State None None None None 3/4/97 1061423
------------------------------------------------------------------------------------------------------------------------------------
PNC CA Secretary of State 12/28/93 93259814 3/3/97 97065C0251 3/3/97 9706660051
------------------------------------------------------------------------------------------------------------------------------------
PNC CA Secretary of State 1/31/95 9503361114 0/0/00 00000X0000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
PNC CO Secretary of State 1/24/95 952005994 3/3/97 19972016142 3/3/97 19972016439
------------------------------------------------------------------------------------------------------------------------------------
PNC CT Secretary of State 1/24/95 1600529 3/3/97 1754008 3/3/97 1753752
------------------------------------------------------------------------------------------------------------------------------------
PNC DE Secretary of State 11/15/93 9315322 3/3/97 9707027 3/3/97 97-07021
------------------------------------------------------------------------------------------------------------------------------------
PNC DE Secretary of State 1/24/95 9501249 0/0/00 0000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
PNC DC Recorder of Deeds None None None None 3/3/97 9700003527
------------------------------------------------------------------------------------------------------------------------------------
PNC FL Secretary of State 11/10/93 930000231898 3/3/97 970000044751 3/3/97 970000044748
------------------------------------------------------------------------------------------------------------------------------------
PNC FL Secretary of State 1/25/95 950000016550 3/3/97 970000044753 None None None None
------------------------------------------------------------------------------------------------------------------------------------
PNC GA Xxxxxxx County 12/29/93 93-4670 3/3/00 00-0000-0000 3/3/00 00-0000-0000
------------------------------------------------------------------------------------------------------------------------------------
PNC GA Xxxxxxx County 1/24/95 31-1995-154 3/3/00 00-0000-0000 None None None None
------------------------------------------------------------------------------------------------------------------------------------
2
====================================================================================================================================
DEBTOR: IRON AGE CORPORATION ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING FILINGBNP'S UCC-2/3
AMENDMENT FILING
------------------------------------------------------------------------------------------------------------------------------------
CREDIT STATE JURISDICTION FILING FILING FILING FILING FILING FILING FILING FILING
FOR DATE NO. DATE NO. DATE NO. DATE NO.
====================================================================================================================================
PNC GA Richmond County 12/29/93 158724 3/3/97 121-1997-000770 3/3/97 121-1997-
(Reel 1019, 000769
Page 700)
------------------------------------------------------------------------------------------------------------------------------------
PNC GA Richmond County 1/24/95 121-1995-120 3/3/97 121-1997-000771 None None None None
------------------------------------------------------------------------------------------------------------------------------------
PNC HI Secretary of State None None None None 3/19/97 97-036039
------------------------------------------------------------------------------------------------------------------------------------
PNC ID Xxxxxxxxx xx Xxxxx Xxxx Xxxx Xxxx Xxxx 0/0/00 741982
------------------------------------------------------------------------------------------------------------------------------------
PNC IL Secretary of State 11/9/93 3187164 3/5/97 389649 3/11/97 3661136
------------------------------------------------------------------------------------------------------------------------------------
PNC IL Secretary of State 1/24/95 3355701 0/0/00 000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
PNC IN Secretary of State 11/10/93 1878287 3/3/97 1878287 3/3/97 2108360
------------------------------------------------------------------------------------------------------------------------------------
PNC IN Secretary of State 11/10/93 1878287 3/3/97 1878287 3/3/97 2108360
------------------------------------------------------------------------------------------------------------------------------------
PNC IN Secretary of State 11/10/93 1878287 3/3/97 1878287 3/3/97 2108360
------------------------------------------------------------------------------------------------------------------------------------
PNC IN Secretary of State 1/24/95 1962901 0/0/00 0000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
PNC IA Xxxxxxxxx xx Xxxxx Xxxx Xxxx Xxxx Xxxx 0/0/00 K815237
------------------------------------------------------------------------------------------------------------------------------------
PNC KS Xxxxxxxxx xx Xxxxx Xxxx Xxxx Xxxx Xxxx 0/0/00 2330471
------------------------------------------------------------------------------------------------------------------------------------
PNC KY Secretary of State 11/15/93 134326 3/3/97 134326 3/3/97 142094
------------------------------------------------------------------------------------------------------------------------------------
PNC KY Secretary of State 1/24/95 137666 0/0/00 000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
PNC XX Xxxxxxxxx County 12/30/93 93-11787 3/3/97 93-11787 3/4/97 97-01753
------------------------------------------------------------------------------------------------------------------------------------
PNC XX Xxxxxxxxx County 1/25/95 95-00853 3/3/97 95-00853 None None None None
------------------------------------------------------------------------------------------------------------------------------------
PNC LA Parish of East 12/29/93 17-1092287 3/3/97 17-1129776 3/3/97 17-1129774
Baton Rouge
------------------------------------------------------------------------------------------------------------------------------------
PNC LA Parish of East 1/24/95 17-1103262 3/3/97 17-1129775 None None None None
Baton Rouge
------------------------------------------------------------------------------------------------------------------------------------
PNC ME Secretary of State 11/12/93 1054721 3/3/97 T0594410 3/3/97 1210730
------------------------------------------------------------------------------------------------------------------------------------
PNC ME Secretary of State 1/24/95 1110557 3/3/97 T0594411 None None None None
------------------------------------------------------------------------------------------------------------------------------------
3
=========================================================================================
DEBTOR: IRON AGE CORPORATION ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING
-----------------------------------------------------------------------------------------
FILING FILING
CREDITOR STATE JURISDICTION DATE FILING NO. DATE FILING NO.
=========================================================================================
PNC MD Department 11/10/93 133167765 3/7/97 133167765
of (Liber 3560,
Assessments Folio 0356)
& Taxation
-----------------------------------------------------------------------------------
PNC MD Department 1/24/95 150257210 3/7/97 150257210
of (Liber 3682,
Assessments Folio 0376)
& Taxation
-----------------------------------------------------------------------------------
PNC MD Baltimore 12/30/93 463627 (Liber 3/7/97 Bk2143
County 2110, Folio Pg002
412)
-----------------------------------------------------------------------------------
PNC MD Baltimore 1/24/95 468370 (Liber 3/7/97 Bk2143
County 2130, 827) Pg827
-----------------------------------------------------------------------------------
PNC MA Secretary of 12/29/93 206722 3/3/97 002127
the
Commonwealth
-----------------------------------------------------------------------------------
PNC MA Secretary of 1/24/95 288432 3/3/97 002128
the
Commonwealth
-----------------------------------------------------------------------------------
PNC MA City Clerk 11/12/93 111060 3/3/97 111060
of Worcester
-----------------------------------------------------------------------------------
PNC MA City Clerk 1/26/95 113329 3/3/97 113329
of Worcester
-----------------------------------------------------------------------------------
PNC MA Mansfield None None None None
Town
-----------------------------------------------------------------------------------
n/a MA Brockton City SEE IAK ACQUISITION CHART
-----------------------------------------------------------------------------------
n/a MA Xxxxxxxx Town SEE IAK ACQUISITION CHART
-----------------------------------------------------------------------------------
PNC MI Secretary of 11/10/93 36906B 3/3/97 36906B
State
-----------------------------------------------------------------------------------
PNC MI Secretary of 1/25/95 51822B 3/3/97 51822B
State
-----------------------------------------------------------------------------------
PNC MN Secretary of 12/29/93 1639973 3/3/97 1921634
State
-----------------------------------------------------------------------------------
PNC MN Secretary of 1/24/95 1732604 3/3/97 1921633
State
-----------------------------------------------------------------------------------
=========================================================================================
DEBTOR: IRON AGE CORPORATION BNP'S UCC-1 FILING BNP'S UCC-2/3 AMENDMENT FILING
-----------------------------------------------------------------------------------------
FILING FILING
CREDITOR STATE JURISDICTION DATE FILING NO. DATE FILING NO.
=========================================================================================
PNC MD Department 3/7/97 170698063
of
Assessments
& Taxation
-----------------------------------------------------------------------------------------
PNC MD Department None None None None
of
Assessments
& Taxation
-----------------------------------------------------------------------------------------
PNC MD Baltimore None None None None
County
-----------------------------------------------------------------------------------------
PNC MD Baltimore None None None None
County
-----------------------------------------------------------------------------------------
PNC MA Secretary of 3/3/97 452095
the
Commonwealth
------------------------------------------------------------------------------------------
PNC MA Secretary of None None None None
the
Commonwealth
------------------------------------------------------------------------------------------
PNC MA City Clerk 3/3/97 117188
of Worcester
------------------------------------------------------------------------------------------
PNC MA City Clerk None None None None
of Worcester
------------------------------------------------------------------------------------------
PNC MA Mansfield 3/4/97 41
Town
------------------------------------------------------------------------------------------
n/a MA Brockton City SEE IAK ACQUISITION CHART
------------------------------------------------------------------------------------------
n/a MA Xxxxxxxx Town SEE IAK ACQUISITION CHART
------------------------------------------------------------------------------------------
PNC MI Secretary of 3/3/97 D204025
State
------------------------------------------------------------------------------------------
PNC MI Secretary of None None None None
State
------------------------------------------------------------------------------------------
PNC MN Secretary of 3/3/97 1921303
State
------------------------------------------------------------------------------------------
PNC MN Secretary of None None None None
State
------------------------------------------------------------------------------------------
4
=================================================================================
DEBTOR: IRON AGE CORPORATION ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING
---------------------------------------------------------------------------------
FILING FILING
CREDITOR STATE JURISDICTION DATE FILING NO. DATE FILING NO.
==================================================================================
PNC MS Secretary of None None None None
State
----------------------------------------------------------------------------------
PNC MT Secretary of None None None None
State
----------------------------------------------------------------------------------
PNC MO Secretary of 11/15/93 2332393 3/3/97 2332393
State
----------------------------------------------------------------------------------
PNC MO Secretary of 1/24/95 2496789 3/3/97 2496789
State
----------------------------------------------------------------------------------
PNC MO St. Louis 12/29/93 015763 3/3/97 015763
County
----------------------------------------------------------------------------------
PNC MO St. Louis 1/24/95 001055 3/3/97 001055
County
----------------------------------------------------------------------------------
PNC XX Xxxxxxx 11/12/93 J328435 3/3/97 J380177
County
----------------------------------------------------------------------------------
PNC XX Xxxxxxx 1/24/95 J348631 3/3/97 J380178
County
----------------------------------------------------------------------------------
PNC NE Secretary of None None None None
State
----------------------------------------------------------------------------------
PNC NH Secretary of None None None None
State
----------------------------------------------------------------------------------
PNC NJ Secretary of 11/15/93 1540244 3/3/97 1540244
State
----------------------------------------------------------------------------------
PNC NJ Secretary of 1/24/95 1615117 3/3/97 1615117
State
----------------------------------------------------------------------------------
PNC NM Secretary of 12/29/93 931229054 3/3/97 931229054
State
----------------------------------------------------------------------------------
PNC NM Secretary of 1/24/95 950124043 3/3/97 950124043
State
----------------------------------------------------------------------------------
PNC NY Secretary of 11/10/93 236125 3/3/97 043389
State
----------------------------------------------------------------------------------
PNC NY Secretary of 1/24/95 015834 3/3/97 043384
State
----------------------------------------------------------------------------------
PNC NY Albany County None None None None
----------------------------------------------------------------------------------
PNC NY Xxxxxx County 12/1/93 93003823 3/10/97 93003823
----------------------------------------------------------------------------------
PNC NY Xxxxxx County 1/25/95 1995000158 3/10/97 1995000158
----------------------------------------------------------------------------------
PNC NY Erie County 11/18/93 Q16-577 3/12/97 Q16-577
----------------------------------------------------------------------------------
=========================================================================================
DEBTOR: IRON AGE CORPORATION BNP'S UCC-1 FILING BNP'S UCC-2/3 AMENDMENT FILING
-------------------------------------------------------------------------------------------
FILING FILING
CREDITOR STATE JURISDICTION DATE FILING NO. DATE FILING NO.
===========================================================================================
PNC MS Secretary of 3/3/97 01079643
State
--------------------------------------------------------------------------------------------
PNC MT Secretary of 3/3/97 503444
State
---------------------------------------------------------------------------------------------
PNC MO Secretary of 3/3/97 2761678
State
----------------------------------------------------------------------------------------------
PNC MO Secretary of None None None None
State
---------------------------------------------------------------------------------------------
PNC MO St. Louis 3/3/97 2616
County
---------------------------------------------------------------------------------------------
PNC MO St. Louis None None None None
County
---------------------------------------------------------------------------------------------
PNC XX Xxxxxxx 3/3/97 J380176
County
---------------------------------------------------------------------------------------------
PNC XX Xxxxxxx None None None None
County
---------------------------------------------------------------------------------------------
PNC NE Secretary of 3/3/97 723332
State
---------------------------------------------------------------------------------------------
PNC NH Secretary of 3/3/97 481904
State
---------------------------------------------------------------------------------------------
PNC NJ Secretary of 3/3/97 1752902
State
---------------------------------------------------------------------------------------------
PNC NJ Secretary of None None None None
State
---------------------------------------------------------------------------------------------
PNC NM Secretary of 3/3/97 970303086
State
---------------------------------------------------------------------------------------------
PNC NM Secretary of None None None None
State
---------------------------------------------------------------------------------------------
PNC NY Secretary of 3/3/97 043407
State
---------------------------------------------------------------------------------------------
PNC NY Secretary of None None None None
State
---------------------------------------------------------------------------------------------
PNC NY Albany County 3/3/97 97-01593
---------------------------------------------------------------------------------------------
PNC NY Xxxxxx County 3/3/97 1997000519
---------------------------------------------------------------------------------------------
PNC NY Xxxxxx County None None None None
---------------------------------------------------------------------------------------------
PNC NY Erie County 3/3/97 Q32-8784
---------------------------------------------------------------------------------------------
5
=================================================================================================================
DEBTOR: IRON AGE CORPORATION ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING
-----------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO.
=================================================================================================================
PNC NY Erie County 1/24/95 Q16-580 3/12/97 Q16-580
-----------------------------------------------------------------------------------------------------------------
n/a NY Kings County SEE IAK ACQUISITION CHART
-----------------------------------------------------------------------------------------------------------------
n/a NY Monroe County SEE IAK ACQUISITION CHART
-----------------------------------------------------------------------------------------------------------------
n/a NY Nassau County SEE IAK ACQUISITION CHART
-----------------------------------------------------------------------------------------------------------------
n/a NY Queens County SEE IAK ACQUISITION CHART
-----------------------------------------------------------------------------------------------------------------
n/a NY Westchester County SEE IAK ACQUISITION CHART
-----------------------------------------------------------------------------------------------------------------
PNC NY Xxxxx County 12/29/93 93-869 3/3/97 93-869
-----------------------------------------------------------------------------------------------------------------
PNC NY Xxxxx County 1/25/95 95-58 3/3/97 95-58
-----------------------------------------------------------------------------------------------------------------
PNC NY Xxxxx County 1/25/94 94-45 3/3/97 94-45
(Fixture Filing)
-----------------------------------------------------------------------------------------------------------------
PNC NY Xxxxx County 1/25/95 95-59 3/3/97 95-59
(Fixture Filing)
-----------------------------------------------------------------------------------------------------------------
PNC NV Secretary of State None None None None
-----------------------------------------------------------------------------------------------------------------
PNC NC Secretary of State 11/12/93 1050432 3/3/97 1432134
-----------------------------------------------------------------------------------------------------------------
PNC NC Secretary of State 1/24/95 1186423 3/3/97 1432133
-----------------------------------------------------------------------------------------------------------------
PNC NC Durham County None None None None
-----------------------------------------------------------------------------------------------------------------
PNC NC Guilford County 12/29/93 416309 3/3/97 459963
-----------------------------------------------------------------------------------------------------------------
PNC NC Guilford County 1/24/95 431560 3/3/97 459962
-----------------------------------------------------------------------------------------------------------------
PNC NC Mecklenburg County 2/7/94 001905 3/18/97 004648
-----------------------------------------------------------------------------------------------------------------
=====================================================================================================================
DEBTOR: IRON AGE CORPORATION BNP'S UCC-1 FILING BNP'S UCC-2/3 AMENDMENT FILING
---------------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO.
=====================================================================================================================
PNC NY Erie County None None None None
---------------------------------------------------------------------------------------------------------------------
n/a NY Kings County
---------------------------------------------------------------------------------------------------------------------
n/a NY Monroe County
---------------------------------------------------------------------------------------------------------------------
n/a NY Nassau County
---------------------------------------------------------------------------------------------------------------------
n/a NY Queens County
---------------------------------------------------------------------------------------------------------------------
n/a NY Westchester County
---------------------------------------------------------------------------------------------------------------------
PNC NY Xxxxx County 3/3/97 97-157
---------------------------------------------------------------------------------------------------------------------
PNC NY Xxxxx County None None None None
---------------------------------------------------------------------------------------------------------------------
PNC NY Xxxxx County None None None None
(Fixture Filing)
---------------------------------------------------------------------------------------------------------------------
PNC NY Xxxxx County None None None None
(Fixture Filing)
---------------------------------------------------------------------------------------------------------------------
PNC NV Secretary of State 3/3/97 9703386
---------------------------------------------------------------------------------------------------------------------
PNC NC Secretary of State 3/3/97 001432212
---------------------------------------------------------------------------------------------------------------------
PNC NC Secretary of State None None None None
---------------------------------------------------------------------------------------------------------------------
PNC NC Durham County 3/3/97 97-475
---------------------------------------------------------------------------------------------------------------------
PNC NC Guilford County 3/3/97 459942
---------------------------------------------------------------------------------------------------------------------
PNC NC Guilford County None None None None
---------------------------------------------------------------------------------------------------------------------
PNC NC Mecklenburg County 3/3/97 003789
---------------------------------------------------------------------------------------------------------------------
6
====================================================================================================================
DEBTOR: IRON AGE CORPORATION ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING
--------------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO.
====================================================================================================================
PNC NC Mecklenburg 1/24/9 5 001033 3/18/97 004647
County
--------------------------------------------------------------------------------------------------------------------
PNC NC Wake County 12/29/93 93-15959 3/4/97 93-15959
--------------------------------------------------------------------------------------------------------------------
PNC NC Wake County 1/24/95 95-08987 3/4/97 95-08987
--------------------------------------------------------------------------------------------------------------------
PNC ND Secretary of State None None None None
--------------------------------------------------------------------------------------------------------------------
PNC OH Secretary of State 11/10/93 AK58490 3/4/97 5395808
--------------------------------------------------------------------------------------------------------------------
PNC OH Xxxxxxxxx xx Xxxxx 0/00/00 XX00000 3/4/97 5395809
--------------------------------------------------------------------------------------------------------------------
PNC OH Xxxxxxxx County 12/29/93 93-240990 3/20/97 97-38905
--------------------------------------------------------------------------------------------------------------------
PNC OH Xxxxxxxx County 1/24/95 95-9279 3/20/97 97-38907
--------------------------------------------------------------------------------------------------------------------
PNC OH Summit County 12/29/93 476967 3/3/97 476967
--------------------------------------------------------------------------------------------------------------------
PNC OH Cuyahoga County 1/24/95 1302936 3/3/97 1302936
--------------------------------------------------------------------------------------------------------------------
PNC OH Franklin County 1/24/95 003012 3/3/97 04932E10
(Book 04323,
Page C01)
--------------------------------------------------------------------------------------------------------------------
PNC OK Oklahoma County 12/29/93 068185 3/4/97 004093
--------------------------------------------------------------------------------------------------------------------
PNC OK Oklahoma County 1/24/95 004092 3/4/97 004092
--------------------------------------------------------------------------------------------------------------------
PNC OR Secretary of State 11/19/93 R81449 3/3/97 198846
--------------------------------------------------------------------------------------------------------------------
PNC OR Secretary of State 1/24/95 S37267 3/3/97 251387
--------------------------------------------------------------------------------------------------------------------
PNC PA Secretary of 11/9/93 22570549 3/3/97 26420739
the Commonwealth
--------------------------------------------------------------------------------------------------------------------
PNC PA Secretary of 1/23/95 23920790 3/3/97 26420741
the Commonwealth
--------------------------------------------------------------------------------------------------------------------
==========================================================================================================================
DEBTOR: IRON AGE CORPORATION BNP'S UCC-1 FILING BNP'S UCC-2/3 AMENDMENT FILING
--------------------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO.
==========================================================================================================================
PNC NC Mecklenburg None None None None
County
--------------------------------------------------------------------------------------------------------------------------
PNC NC Wake County 3/4/97 97-001786
--------------------------------------------------------------------------------------------------------------------------
PNC NC Wake County None None None None
--------------------------------------------------------------------------------------------------------------------------
PNC ND Secretary of State 3/3/97 97-000664214
--------------------------------------------------------------------------------------------------------------------------
PNC OH Secretary of State 3/5/97 AN45126
--------------------------------------------------------------------------------------------------------------------------
PNC OH Secretary of State None None None None
--------------------------------------------------------------------------------------------------------------------------
PNC OH Xxxxxxxx County 3/11/97 97-33722
--------------------------------------------------------------------------------------------------------------------------
PNC OH Xxxxxxxx County None None None None
--------------------------------------------------------------------------------------------------------------------------
PNC OH Summit County None None None None
--------------------------------------------------------------------------------------------------------------------------
PNC OH Cuyahoga County 3/3/97 1378685
--------------------------------------------------------------------------------------------------------------------------
PNC OH Franklin County 3/3/97 04932E02
--------------------------------------------------------------------------------------------------------------------------
PNC OK Oklahoma County 3/4/97 N00992
--------------------------------------------------------------------------------------------------------------------------
PNC OK Oklahoma County None None None None
--------------------------------------------------------------------------------------------------------------------------
PNC OR Secretary of State 3/10/97 362269
--------------------------------------------------------------------------------------------------------------------------
PNC OR Secretary of State None None None None
--------------------------------------------------------------------------------------------------------------------------
PNC PA Secretary of 3/3/97 26420283
the Commonwealth
--------------------------------------------------------------------------------------------------------------------------
PNC PA Secretary of None None None None
the Commonwealth
--------------------------------------------------------------------------------------------------------------------------
7
====================================================================================================================================
Debtor: Iron Age Corporation Original UCC-1 Filing BNP's UCC-2 Filing BNP's UCC-1 Filing
------------------------------------------------------------------------------------------------------------------------------------
Credi
tor State Jurisdiction Filing Date Filing No. Filing Date Filing No. Filing Date Filing No.
====================================================================================================================================
Ampli PA Secretary of 12/27/93 22701421 Not Terminated Not Terminated None None
con the
Commonwealth
------------------------------------------------------------------------------------------------------------------------------------
Norwt PA Secretary of 11/10/94 23700239 Not Terminated Not Terminated None None
est the
Commonwealth
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Allegheny 11/8/93 UCC-93-07474 3/5/97 UCC-93-007474 3/3/97 UCC-97-001491
County
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Allegheny 1/23/95 UCC-95-000412 3/5/97 UCC-95-000412 None None
County
------------------------------------------------------------------------------------------------------------------------------------
Ampli PA Alleghany 12/28/93 08547 Not Terminated Not Terminated None None
con County
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Allegheny 1/13/94 49933 3/3/97 49933-T None None
County
(Fixture
Filing)
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Allegheny 1/23/95 51157 3/3/97 51157-T None None
County
(Fixture
Filing)
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Erie County 12/29/93 21474-1993 3/3/97 21474-1993 3/3/97 20369-97
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Erie County 1/24/95 20121-1995 0/0/00 00000-0000 Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
n/a PA Philiadelphia SEE IAK ACQUISITION CHART
County
------------------------------------------------------------------------------------------------------------------------------------
PNC PA York County None None None None 3/3/97 97-ST-00454-01
------------------------------------------------------------------------------------------------------------------------------------
n/a PR Secretary of None None None None None None
State
------------------------------------------------------------------------------------------------------------------------------------
PNC RI Secretary of None None None None 3/3/97 663231
State
------------------------------------------------------------------------------------------------------------------------------------
PNC SC Secretary of 12/29/93 931229-142617A 3/4/97 970304-100456A 3/3/97 970303-131752A
State
------------------------------------------------------------------------------------------------------------------------------------
PNC SC Secretary of 1/24/95 950124-145146A 0/0/00 000000-000000X Xxxx Xxxx
Xxxxx
------------------------------------------------------------------------------------------------------------------------------------
PNC SD Secretary of None None None None 3/4/97 970630900076
State
------------------------------------------------------------------------------------------------------------------------------------
PNC TN Secretary of 1/24/94 273068 3/7/97 972-013349 3/7/97 972-013272
State
------------------------------------------------------------------------------------------------------------------------------------
=======================================================================
Debtor: Iron Age Corporation BNP's UCC-2/3 Amendment Filing
-----------------------------------------------------------------------
Credi
tor State Jurisdiction Filing Date Filing No.
=======================================================================
Ampli PA Secretary of None None
con the
Commonwealth
-----------------------------------------------------------------------
Norwt PA Secretary of None None
est the
Commonwealth
-----------------------------------------------------------------------
PNC PA Allegheny
County
-----------------------------------------------------------------------
PNC PA Allegheny None None
County
-----------------------------------------------------------------------
Ampli PA Alleghany None None
con County
-----------------------------------------------------------------------
PNC PA Allegheny None None
County
(Fixture
Filing)
-----------------------------------------------------------------------
PNC PA Allegheny None None
County
(Fixture
Filing)
-----------------------------------------------------------------------
PNC PA Erie County
-----------------------------------------------------------------------
PNC PA Erie County None None
-----------------------------------------------------------------------
n/a PA Philiadelphia
County
-----------------------------------------------------------------------
PNC PA York County
-----------------------------------------------------------------------
n/a PR Secretary of None None
State
-----------------------------------------------------------------------
PNC RI Secretary of
State
-----------------------------------------------------------------------
PNC SC Secretary of
State
-----------------------------------------------------------------------
PNC SC Secretary of None None
State
-----------------------------------------------------------------------
PNC SD Secretary of
State
-----------------------------------------------------------------------
PNC TN Secretary of
State
-----------------------------------------------------------------------
8
====================================================================================================================================
Debtor: Iron Age Corporation Original UCC-1 Filing BNP's UCC-3 Filing BNP's UCC-1 Filing
------------------------------------------------------------------------------------------------------------------------------------
Credi
tor State Jurisdiction Filing Date Filing No. Filing Date Filing No. Filing Date Filing No.
====================================================================================================================================
PNC TN Secretary of 1/24/95 95-391633 3/7/97 972-013348 None None
State
------------------------------------------------------------------------------------------------------------------------------------
PNC TX Secretary of 11/10/93 213873 3/3/97 627394 3/3/97 041009
State
------------------------------------------------------------------------------------------------------------------------------------
PNC TX Secretary of 1/24/95 012970 3/3/97 627395 None None
State
------------------------------------------------------------------------------------------------------------------------------------
PNC UT Secretary of 12/29/93 383253 3/3/97 93-383253 3/3/97 97-556361
State
------------------------------------------------------------------------------------------------------------------------------------
PNC UT Secretary of 1/24/95 424246 3/3/97 95-424246 None None
State
------------------------------------------------------------------------------------------------------------------------------------
PNC VT Secretary of None None None None 3/3/97 97-77443
State
------------------------------------------------------------------------------------------------------------------------------------
PNC VA Secretary of 11/15/93 931115-7810 3/3/97 970303-7043 3/3/97 970303-7301
State
------------------------------------------------------------------------------------------------------------------------------------
PNC VA Secretary of 1/24/95 950124-7709 3/3/97 970303-7044 None None
State
------------------------------------------------------------------------------------------------------------------------------------
PNC VA Bedford 11/16/93 025632 3/3/97 970000178 3/3/97 970000177
County
------------------------------------------------------------------------------------------------------------------------------------
PNC VA Bedford 1/24/95 026686 0/0/00 000000000 Xxxx Xxxx
Xxxxxx
------------------------------------------------------------------------------------------------------------------------------------
PNC VA Xxxxxxxx Xxxx Xxxx Xxxx Xxxx Xxxx 0/0/00 97-132
------------------------------------------------------------------------------------------------------------------------------------
PNC VA Xxxxx County None None None None 3/3/97 16019
------------------------------------------------------------------------------------------------------------------------------------
PNC VA Xxxxxxxxxxx Xxxx Xxxx Xxxx Xxxx 0/0/00 27
County
------------------------------------------------------------------------------------------------------------------------------------
PNC VA Virginia None None None None 3/3/97 97-823
Beach City
------------------------------------------------------------------------------------------------------------------------------------
PNC WA Secretary of 11/12/00 00-000-0000 3/3/97 97-062-5064 3/3/97 97-062-0527
State
------------------------------------------------------------------------------------------------------------------------------------
PNC WA Secretary of 1/24/95 95-024-0007 3/3/97 97-062-5063 None None
State
------------------------------------------------------------------------------------------------------------------------------------
PNC WV Secretary of 12/29/93 390977 3/3/97 390977 3/4/97 0465124
State
------------------------------------------------------------------------------------------------------------------------------------
PNC WV Secretary of 1/25/95 0415042 0/0/00 0000000 Xxxx Xxxx
Xxxxx
------------------------------------------------------------------------------------------------------------------------------------
PNC WI Secretary of 11/10/93 1390733 3/3/97 427579 3/3/97 1652559
State
------------------------------------------------------------------------------------------------------------------------------------
======================================================================
Debtor: Iron Age Corporation BNP's UCC-2/3 Amendment Filing
----------------------------------------------------------------------
Credi
tor State Jurisdiction Filing Date Filing No.
======================================================================
PNC TN Secretary of None None
State
----------------------------------------------------------------------
PNC TX Secretary of
State
----------------------------------------------------------------------
PNC TX Secretary of None None
State
----------------------------------------------------------------------
PNC UT Secretary of
State
----------------------------------------------------------------------
PNC UT Secretary of None None
State
----------------------------------------------------------------------
PNC VT Secretary of
State
----------------------------------------------------------------------
PNC VA Secretary of
State
----------------------------------------------------------------------
PNC VA Secretary of None None
State
----------------------------------------------------------------------
PNC VA Bedford
County
----------------------------------------------------------------------
PNC VA Bedford None None
County
----------------------------------------------------------------------
PNC VA Danville City
----------------------------------------------------------------------
PNC VA Xxxxx County
----------------------------------------------------------------------
PNC VA Northampton
County
----------------------------------------------------------------------
PNC VA Virginia
Beach City
----------------------------------------------------------------------
PNC WA Secretary of
State
----------------------------------------------------------------------
PNC WA Secretary of None None
State
----------------------------------------------------------------------
PNC WV Secretary of
State
----------------------------------------------------------------------
PNC WV Secretary of None None
State
----------------------------------------------------------------------
PNC WI Secretary of
State
----------------------------------------------------------------------
9
==================================================================================================================================
DEBTOR: IRON AGE CORPORATION ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING
----------------------------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
==================================================================================================================================
PNC WI Secretary of State 1/24/95 1482997 3/3/97 427580 None None
----------------------------------------------------------------------------------------------------------------------------------
PNC WY Xxxxxxxxx xx Xxxxx Xxxx Xxxx Xxxx Xxxx 0/0/00 9706216-1B02
==================================================================================================================================
=================================================================================
DEBTOR: IRON AGE CORPORATION BNP'S UCC-2/3 AMENDMENT FILING
---------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO.
=================================================================================
PNC WI Secretary of State None None
---------------------------------------------------------------------------------
PNC WY Secretary of State
=================================================================================
10
=================================================================================================================
DEBTOR: FALCON SHOE MFG. CO. D/B/A
XXXXXX BOOTMAKERS ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING
-----------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO.
=================================================================================================================
PNC ME Secretary of State 1/24/95 1110555 3/3/97 T0594401
-----------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/24/95 01113 3/5/97 Bk3745 Pg 185
County (BK3378, PG
332)
-----------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/24/95 01111 3/5/97 Bk3745 Pg 189
County (BK3378, PG
(Fixture Filing) 325)
=================================================================================================================
=================================================================================================================
DEBTOR: FALCON SHOE MFG. CO. D/B/A
XXXXXX BOOTMAKERS BNP'S UCC-1 FILING BNP'S UCC-2/3 AMENDMENT FILING
-----------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO.
=================================================================================================================
PNC ME Secretary of State None None None None
-----------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin
County None None None None
-----------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin
County
(Fixture Filing) None None None None
=================================================================================================================
11
==================================================================================================================================
DEBTOR: FALCON SHOE MFG. CO. D/B/A
XXXXXX BOOTMAKERS ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING
----------------------------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
==================================================================================================================================
PNC ME Secretary of State 1/24/95 1110556 3/3/97 T0594402 3/3/97 1210721
(P.O. Box
address)
----------------------------------------------------------------------------------------------------------------------------------
ME Secretary of State None None None None 3/3/97 1210722
(Street address)
----------------------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/24/95 01112 3/5/97 Bk3745 Pg 187 None None
County (BK 3378, PG
329)
----------------------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/24/95 01110 3/5/97 Bk3745 Xx 000 Xxxx Xxxx
Xxxxxx (XX 0000, XX
(Fixture Filing) 321)
==================================================================================================================================
==================================================================================================
DEBTOR: FALCON SHOE MFG. CO. D/B/A
XXXXXX BOOTMAKERS BNP'S UCC-2/3 AMENDMENT FILING
--------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO.
==================================================================================================
PNC ME Secretary of State
(P.O. Box
address)
--------------------------------------------------------------------------------------------------
ME Secretary of State
(Street address)
--------------------------------------------------------------------------------------------------
PNC ME Androscoggin None None
County
-------------------------------------------------------------------------------------------------
PNC ME Androscoggin None None
County
(Fixture Filing)
================================================================================================
12
==================================================================================================================================
DEBTOR: FALCON SHOE MFG. CO. ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING
----------------------------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
==================================================================================================================================
PNC ME Secretary of State 1/25/95 1110621 3/3/97 T0594403 3/3/97 1210723
(P.O. Box
address)
----------------------------------------------------------------------------------------------------------------------------------
ME Secretary of State None None None None 3/3/97 1210724
(Street address)
----------------------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/25/95 01192 3/5/97 Bk3745 Pg 193 None None
County (BK3379, PG
149)
----------------------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/25/95 01188 3/5/97 Bk3745 Pg 197 None None
County (BK3379, PG
(Fixture Filing) 134)
==================================================================================================================================
=============================================================================================
DEBTOR: FALCON SHOE MFG. CO. BNP'S UCC-2/3 AMENDMENT FILING
---------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO.
=============================================================================================
PNC ME Secretary of State
(P.O. Box
address)
---------------------------------------------------------------------------------------------
ME Secretary of State
(Street address)
---------------------------------------------------------------------------------------------
PNC ME Androscoggin
County None None
---------------------------------------------------------------------------------------------
PNC ME Androscoggin
County
(Fixture Filing) None None
=============================================================================================
13
==================================================================================================================
ORIGINAL UCC-1 BNP'S UCC-3 BNP'S UCC-1 BNP'S UCC-2/3
DEBTOR: FALCON SHOE MFG. CO. FILING FILING FILING AMENDMENT FILING
------------------------------------------------------------------------------------------------------------------
FILING FILING FILING FILING FILING FILING FILING FILING
CREDITOR STATE JURISDICTION DATE NO. DATE NO. DATE NO. DATE NO.
==================================================================================================================
PNC ME Secretary 1/25/95 1110620 3/3/97 T0594404 None None None None
of State
------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/25/95 01191 3/5/97 Bk 3745 None None None None
County (BK 3379, Pg 195
PG 146)
------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/25/95 01187 3/5/97 Bk 3745 None None None None
County (BK 3379, Pg 199
(Fixture PG 130)
Filing)
==================================================================================================================
14
==================================================================================================================================
DEBTOR: XXXXXX BOOTMAKERS ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING BNP'S UCC-2/3 AMENDMENT FILING
----------------------------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
==================================================================================================================================
PNC ME Secretary of 1/25/95 1110619 3/3/97 T0594405 3/3/97 1210725
State (P.O.
Box address)
----------------------------------------------------------------------------------------------------------------------------------
ME Secretary of None None None None 3/3/97 1210726
State (Street
address)
----------------------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/25/95 01194 3/5/97 Bk 3745 None None None None
County (BK 3379, Pg 201
PG 155)
----------------------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/25/95 01190 3/5/97 Bk 3745 None None None None
County (BK 3379, Pg 205
(Fixture Filing) PG 142)
==================================================================================================================================
15
====================================================================================================================================
DEBTOR: XXXXXX BOOTMAKERS ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILINGBNP'S UCC- 2/3 AMENDMENT FILING
------------------------------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
====================================================================================================================================
PNC ME Secretary of 1/25/95 1110622 3/3/97 TO594406 None None None None
State
------------------------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/25/95 01193 3/5/97 Bk 3745 None None None None
County (BK 3379, Pg 203
PG 152)
------------------------------------------------------------------------------------------------------------------------------------
PNC ME Androscoggin 1/25/95 01189 3/5/97 Bk 3745 None None None None
County (BK 3379, Pg 207
(Fixture PG 138)
Filing)
====================================================================================================================================
16
====================================================================================================================================
DEBTOR: IRON AGE HOLDINGS
CORPORATION ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING BNP'S UCC-2/3 AMENDMENT FILING
------------------------------------------------------------------------------------------------------------------------------------
CREDITOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
====================================================================================================================================
PNC DE Secretary None None None None 3/3/97 97-07025
of State
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Secretary None None None None 3/3/97 26420275
of the
Commonwealth
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Allegheny None None None None 3/3/97 UCC-97-001490
County
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Erie County None None None None 3/3/97 20372-97
------------------------------------------------------------------------------------------------------------------------------------
PNC PA York County None None None None 3/3/97 97-ST-00451-01
====================================================================================================================================
17
====================================================================================================================================
BNP'S UCC-2/3
DEBTOR: IAH ACQUISITION CORP. ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING AMENDMENT FILING
------------------------------------------------------------------------------------------------------------------------------------
CREDI
TOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
====================================================================================================================================
PNC DE Secretary None None None None 3/3/97 97-07024
of State
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Secretary None None None None 3/3/97 26420267
of the
Commonwealth
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Allegheny None None None None 3/3/97 UCC-97-001488
County
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Erie County None None None None 3/3/97 20371-97
------------------------------------------------------------------------------------------------------------------------------------
PNC PA York County None None None None 3/3/97 97-ST-00452-01
====================================================================================================================================
18
====================================================================================================================================
BNP'S UCC-2/3
DEBTOR: IAH ACQUISITION CORP. ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING AMENDMENT FILING
------------------------------------------------------------------------------------------------------------------------------------
CREDI
TOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
====================================================================================================================================
PNC DE Secretary None None None None 3/3/97 97-07023
of State
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Secretary None None None None 3/3/97 26420259
of the
Commonwealth
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Allegheny None None None None 3/3/97 UCC-97-001486
County
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Erie County None None None None 3/3/97 20370-97
------------------------------------------------------------------------------------------------------------------------------------
PNC PA Xxxx Xxxxxx Xxxx Xxxx Xxxx Xxxx 0/0/00 00-XX-00000-00
============================================= ======================================================================================
19
====================================================================================================================================
DEBTOR: FROM AGE INVESTMENT BNP'S UCC-2/3
COMPANY ORIGINAL UCC-1 FILING BNP'S UCC-3 FILING BNP'S UCC-1 FILING AMENDMENT FILING
------------------------------------------------------------------------------------------------------------------------------------
CREDI
TOR STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
====================================================================================================================================
PNC DE Secretary None None None None 3/3/97 97-07022
of State
====================================================================================================================================
20
====================================================================================================================================
BNP's UCC-3 Filing (changing
Secured Party: Banque Nationale de Debtor name to Iron Age BNP's UCC-2/3 Amendment Filing
Debtor: IAK Acquisition Corp. Paris, as Agent Corporation) (1998 Refinancing)
------------------------------------------------------------------------------------------------------------------------------------
STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
====================================================================================================================================
CA Secretary of Xxxxx 00/00/00 0000000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
DE Secretary of Xxxxx 00/00/00 00-00000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
GA Xxxxxxx Xxxxxx 00/00/00 00-00000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
IL Secretary of Xxxxx 00/00/00 0000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
ME Xxxxxxxxx xx Xxxxx 00/00/00 0000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
MA Secretary of
Xxxxxxxxxxxx 00/00/00 000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
MA Brockton City 03/21/97 00167 12/22/98 00167
------------------------------------------------------------------------------------------------------------------------------------
MA Xxxxxxxx Town 03/21/97 97-25 12/22/98 97-25
------------------------------------------------------------------------------------------------------------------------------------
MI Secretary of Xxxxx 00/00/00 X000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
NJ Xxxxxxxxx xx Xxxxx 00/00/00 0000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
NY Xxxxxxxxx xx Xxxxx 00/00/00 000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
NY Erie County 03/21/97 X00-0000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
NY Kings County 03/21/97 97PK03647 12/23/98 97PK16692
------------------------------------------------------------------------------------------------------------------------------------
NY Monroe County 03/27/97 97-1996 12/22/98 97-1996
------------------------------------------------------------------------------------------------------------------------------------
NY Nassau County 03/28/97 UC97-5451 12/22/98 UC97-021501
------------------------------------------------------------------------------------------------------------------------------------
NY Queens County 03/21/97 97PQ05157 12/23/98 97PQ20771
------------------------------------------------------------------------------------------------------------------------------------
NY Westchester County 03/21/97 97-02218 12/23/98 97-2218
------------------------------------------------------------------------------------------------------------------------------------
NC Secretary of State 03/21/97 1439620 None None None None
------------------------------------------------------------------------------------------------------------------------------------
NC Xxxxxxxxxxx Xxxxxx 00/00/00 000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
21
====================================================================================================================================
BNP's UCC-3 Filing (changing
Secured Party: Banque Nationale de Debtor name to Iron Age BNP's UCC-2/3 Amendment Filing
Debtor: IAK Acquisition Corp. Paris, as Agent Corporation) (1998 Refinancing)
------------------------------------------------------------------------------------------------------------------------------------
STATE JURISDICTION FILING DATE FILING NO. FILING DATE FILING NO. FILING DATE FILING NO.
====================================================================================================================================
OH Secretary of State 04/24/97 AN58349 None None None None
------------------------------------------------------------------------------------------------------------------------------------
OH Xxxxxxxx Xxxxxx 00/00/00 0000000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
OH Xxxxxxxx Xxxxxx 00/00/00 00-00000 Xxxx Xxxx Xxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
PA Secretary of
Commonwealth 03/21/97 26480893 None None None None
------------------------------------------------------------------------------------------------------------------------------------
PA Alleghany County 04/29/97 XXX-00-000000 Xxxx Xxxx Xxxx None
------------------------------------------------------------------------------------------------------------------------------------
PA Philadelphia County 03/21/97 97-1391 12/22/98 97-1391
====================================================================================================================================
