RE-INSTATEMENT
and
FIRST AMENDMENT
THIS RE-INSTATEMENT AND FIRST AMENDMENT (the "Amendment") dated as of May
6, 1999 is of and to the Credit Agreement (the "Credit Agreement") dated March
27, 1998 between FinishMaster, Inc., ("FinishMaster") an Indiana corporation and
LDI, Ltd. ("LDI") an Indiana limited partnership. Unless otherwise defined
herein, terms defined in the Credit Agreement are used as herein as defined
therein.
WHEREAS, the parties hereto have entered into the Credit Agreement which
provides for LDI to make Loans to FinishMaster; and
WHEREAS, the parties hereto desire to re-instate the Credit Agreement in
all aspects except as amended herein; and
WHEREAS, the parties hereto desire to amend the Credit Agreement as
hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration (the receipt and sufficiency of which are hereby
acknowledged), the parties hereto agree as follows:
ARTICLE I: DEFINITIONS. The "Revolving Loan Termination Date" is amended
from "means March 27, 1999." To "means June 29, 1999."
IN WITNESS WHEREOF, FinishMaster and LDI have executed this Re-instatement
and First Amendment as of the date first above written.
FINISHMASTER, INC.
By: /s/Xxxxxx X. Xxxxxxx
----------------------------
Xxxxxx X. Xxxxxxx
Xx. Vice President and
Chief Financial Officer
LDI, Ltd.
By: LDI Management, Inc.
----------------------------
By: /s/Xxxxx X. Xxxx
Xxxxx X. Xxxx
Chairman and CEO
