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| LOGO Fleet Retail Group | Mail Stop: XX XX 00000X 00 Xxxxx Xxxxxx, 00xx Xxxxx Xxxxxx, XX 00000 617 434.4004 tel xxxxxxxxx.xxxxx.xxx |
March 12, 2004
Xxxxxx
Link
Senior Vice President Finance & Administration
Gander Mountain Company
0000 Xxxxxxxx Xxxxxxxxx Xxxx
Xxxxxxxxxxx, XX 00000
RE: Loan and Security Agreement Dated as of December 19, 2001 as Amended May 23, 2003, June 4, 2003 and January 2, 2004 (the "Loan and Security Agreement") among Gander Mountain Company ("Borrower"), Fleet Retail Finance Inc. and the Other Lending Institutions From Time to Time Party to the Loan and Security Agreement ("Revolving Credit Lenders") and Fleet Retail Finance Inc. as Agent ("Agent") for Itself and the Other Revolving Credit Lenders
Dear Xxxxxx:
Fleet Retail Finance Inc., as Agent and as a Revolving Credit Lender, agrees that the Loan and Security Agreement shall be amended, subject to approval of the Revolving Credit Lenders, to delete Schedule 5.19 in its entirety and by modifying Section 5.19 of the Loan and Security Agreement to read:
Business Plan. The Business Plan of the Borrower for the Years 2001 through 2004 as provided to the Agent and the Lenders in connection with the Third Amendment to the Loan and Security Agreement dated January 2, 2004 (the "Third Amendment").
Upon approval of the Revolving Credit Lenders of the foregoing, Fleet shall make conforming changes to the Third Amendment to reflect such change.
| Very truly yours, | |
FLEET RETAIL FINANCE INC. as Agent and as Revolving Credit Lender |
|
/s/ XXXXX X. XXXXXXX Xxxxx X. Xxxxxxx, Managing Director |
A FleetBoston Financial Company
| ACKNOWLEDGE AND AGREED: |
|
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|---|---|---|---|
GANDER MOUNTAIN COMPANY |
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By: |
/s/ XXXXXX X. XXXX |
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| Xxxxx: SVP - Finance Administration | |||
XXXXX FARGO FOOTHILL, INC. FKA FOOTHILL CAPITAL CORPORATION, as Syndication Agent and as a Revolving Credit Lender |
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By: |
/s/ XXXX XXXXX |
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| Name: Xxxx Xxxxx | |||
| Title: Assistant Vice President | |||
THE CIT GROUP/BUSINESS CREDIT, INC., as a Revolving Credit Lender |
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By: |
/s/ XXXXXX XXXXXX |
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| Name: Xxxxxx Xxxxxx | |||
| Title: Vice President | |||
UBS AG, STAMFORD BRANCH As a Revolving Credit Lender |
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By: |
/s/ XXXXXX X. XXXXXX |
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| Name: Xxxxxx X. Xxxxxx | |||
| Title: Director | |||
XXXXXXX BUSINESS CREDIT CORPORATION, as a Revolving Credit Lender |
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By: |
/s/ XXXX X. XXXXXXX |
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| Name: Xxxx X. Xxxxxxx | |||
| Title: Vice President | |||
GENERAL ELECTRIC CAPITAL CORPORATION, as a Revolving Credit Lender |
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By: |
/s/ XXXXXXXX X. XXXXXX |
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| Name: Xxxxxxxx X. Xxxxxx | |||
| Title: Duly Authorized Signatory | |||
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