Exhibit 10.2
AMENDMENT NO. 1
TO
TERM LOAN AND SECURITY AGREEMENT
This Amendment No. 1 to Term Loan and Security Agreement is dated as of
July 14, 2003, by and between LaSalle Bank, National Association, not in its
individual or corporate capacity, but solely as the successor Trustee of the
Chromcraft Revington, Inc. Employee Stock Ownership Plan Trust (the "Trust"), a
trust established pursuant to the Chromcraft Revington, Inc. Employee Stock
Ownership Plan and Chromcraft Revington, Inc., a Delaware corporation (the
"Company").
WHEREAS, the Trust, by its predecessor trustee, GreatBanc Trust Company,
and the Company entered into a Term Loan and Security Agreement dated March 15,
2002 (the "Loan Agreement"), pursuant to which the Company lent the amount of
$20 million to the Trust for the purpose of acquiring common stock of the
Company; and
WHEREAS, effective July 14, 2003, the Company removed GreatBanc Trust
Company as Trustee of the Trust and appointed LaSalle Bank, National Association
as the successor Trustee effective as of July 14, 2003.
NOW, THEREFORE, the parties confirm that effective July 14, 2003, all
references to GreatBanc Trust Company as Trustee of the Trust in the Loan
Agreement and in the Term Note delivered under the Loan Agreement shall be
deleted and replaced by LaSalle Bank, National Association as successor Trustee
of the Trust.
IN WITNESS WHEREOF, the parties hereto have entered this Amendment No. 1 to
the Loan Agreement effective as of the date first written above.
CHROMCRAFT REVINGTON, INC.
By: /s/ Xxxxxxx X. Xxxxxx
---------------------------------
Xxxxxxx X. Xxxxxx, President
LASALLE BANK, NATIONAL ASSOCIATION,
not in its individual or corporate capacity, but solely
as the successor Trustee of the Chromcraft
Revington, Inc. Employee Stock Ownership Trust
By: /s/ E. Xxxxxx Xxxxx
---------------------------------
E. Xxxxxx Xxxxx, Xx., Vice President
