EXHIBIT 99.1
FORM OF
FIRST AMENDMENT
TO LOAN AGREEMENT
THIS FIRST AMENDMENT TO LOAN AGREEMENT, MADE AS OF JULY 9, 2003 (THE
"AMENDMENT"), IS ENTERED INTO BY AND AMONG WESTERN WIRELESS
CORPORATION, A WASHINGTON CORPORATION, AS BORROWER (THE "BORROWER"),
AND THE FINANCIAL INSTITUTIONS WHOSE NAMES APPEAR AS LENDERS ON THE
SIGNATURE PAGES HEREOF.
WITNESSETH:
WHEREAS, THE BORROWER AND TORONTO DOMINION (TEXAS), INC., AS ADMINISTRATIVE
AGENT (THE "ADMINISTRATIVE AGENT"), ARE PARTIES TO THAT CERTAIN LOAN AGREEMENT
DATED AS OF APRIL 25, 2000 (THE "AGREEMENT"), TOGETHER WITH THE LENDERS, THE
ARRANGER, THE CO-DOCUMENTATION AGENTS, THE CO-SYNDICATION AGENTS, THE MANAGING
AGENTS AND THE CO-AGENTS (EACH AS DEFINED IN THE AGREEMENT); AND
WHEREAS, THE BORROWER HAS REQUESTED THAT THE LENDERS
AGREE TO AMEND THE AGREEMENT AS MORE FULLY SET FORTH HEREIN;
NOW, THEREFORE, FOR AND IN CONSIDERATION OF THE MUTUAL COVENANTS AND
AGREEMENTS CONTAINED HEREIN AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE
RECEIPT AND SUFFICIENCY OF WHICH ARE ACKNOWLEDGED, THE PARTIES AGREE THAT ALL
CAPITALIZED TERMS USED HEREIN SHALL HAVE THE MEANINGS ASCRIBED THERETO IN THE
AGREEMENT EXCEPT AS OTHERWISE DEFINED OR LIMITED HEREIN,
AND FURTHER AGREE AS FOLLOWS:
1. Effective Date of this First Amendment. This Amendment shall be
effective, without any other action by the parties hereto, immediately upon the
full satisfaction or waiver of all of the conditions precedent to the
effectiveness of this Amendment set forth in Section 22 hereof. If all of such
conditions precedent have not been satisfied or waived by August 31, 2003, this
Amendment shall automatically terminate and be of no force or effect whatsoever,
and the Agreement shall remain in full force and effect in accordance with its
terms.
2. Amendments to Article 1.
(a) The following defined terms contained in Article 1 of the
Agreement are hereby modified and amended as follows:
(i) "Revolving A Commitment" is hereby modified and
amended by deleting the reference therein to "$500,000,000"
and replacing it with "$350,000,000"; and
(ii) "Subordinated Debt" is hereby modified and
amended by (x) adding "and Section 7.17" to the end of the
list of Sections of the Agreement appearing at the end of
clause (b)(i) thereof and (y) deleting the text appearing in
clause (b)(iv) and replacing it with the following:
"such subordinated Indebtedness for Money Borrowed shall contain no
covenants or provisions more restrictive, taken as a whole, on the Borrower and
its Subsidiaries than the more restrictive of those contained herein or in the
indentures for the Senior Subordinated Notes; and"
(b) The following new definition shall be added immediately
following the definition of "Event of Default", which new definition shall read
in its entirety as follows:
"'Excess Cash Flow' shall mean, for any fiscal year, based on the audited
financial statements for such fiscal year required to be provided under Section
6.2 hereof, the remainder, if any, without duplication, of (a) the Operating
Cash Flow for such fiscal year minus (b) the sum of the following: (i) Capital
Expenditures by the Borrower and its Restricted Subsidiaries during such fiscal
year; (ii) cash taxes paid by the Borrower and its Restricted Subsidiaries
during such fiscal year; and (iii) Pro Forma Debt Service for the fiscal year in
which such prepayment is required to be made pursuant to Section 2.15(a) hereof.
(c) The following new definition shall be added immediately
following the definition of "Fee Letters", which new definition shall read in
its entirety as follows:
"'First Amendment Effective Date' shall mean the date on which that certain
First Amendment to Loan Agreement, made as of July 9, 2003, between the Borrower
and the Lenders party thereto, becomes effective in accordance with its terms."
(d) The following new definitions shall be added immediately
following the definition of "Senior Debt", which new definitions shall read in
their entirety as follows:
"'Senior Secured Debt' shall mean Indebtedness for Money Borrowed of the
Borrower evidenced by this Agreement or any of the other Loan Documents."
"'Senior Secured Debt Leverage Ratio' shall mean, as of the end of any
fiscal quarter, the ratio of Senior Secured Debt to Annualized Operating Cash
Flow."
(e) The following new definition shall be added immediately
following the definition of "Senior Subordinated Notes", which new definition
shall read in its entirety as follows:
"`Senior Unsecured Debt' shall mean senior Indebtedness for Money Borrowed
of the Borrower, unsecured with respect to the Borrower and its Restricted
Subsidiaries, subject to the following: (i) the Borrower shall, in a certificate
provided on the date of incurrence of such senior Indebtedness for Money
Borrowed, demonstrate its current and projected pro forma compliance (giving
effect to the incurrence of such senior Indebtedness for Money Borrowed) with
Sections 7.8, 7.9, 7.10, 7.11 and 7.17; (ii) there shall be no repayment of the
principal amount of such senior Indebtedness for Money Borrowed including any
sinking fund payments or other principal payments until at least one year and
one day after the Maturity Date; (iii) the final maturity of such senior
Indebtedness for Money Borrowed must be at least one year and one day after the
Maturity Date; and (iv) such senior Indebtedness for Money Borrowed shall
contain no covenants or provisions more restrictive, taken as a whole, on the
Borrower and its Subsidiaries than the more restrictive of those contained
herein or in the indentures for the Senior Subordinated Notes."
3. Amendments to Section 2.3. Section 2.3(f) of the Agreement
("Applicable Margin") is hereby modified and amended by:
(a) deleting the table in subsection (f)(i) and replacing it with the
following table:
Base Rate Advance Eurodollar Advance
Leverage Ratio Applicable Margin Applicable Margin
-------------- ----------------- -----------------
Greater than 5.00 but less than 1.250% 2.250%
or equal to 6.00
Greater than 4.00 but less than 1.000% 2.000%
or equal to 5.00
Less than or equal to 4.00 0.625% 1.625%
; and
(b) amending and restating subsection (f)(ii) to read in its
entirety as follows:
"(ii) With respect to Term B Loans, the Applicable
Margin for Eurodollar Advances shall be 3.25% per annum and
the Applicable Margin for Base Rate Advances shall be 2.25%
per annum."
4. Addition of New Section 2.15. There shall be added a new Section
2.15 immediately following Section 2.14, which new Section 2.15 shall read in
its entirety as follows:
"Section 2.15. Mandatory Prepayments from Excess Cash Flow and from
Certain Incurrences of Indebtedness for Money Borrowed.
(a) Excess Cash Flow. In addition to the scheduled
repayments provided for in Section 2.4 hereof, on or prior to
April 30, 2004, and on or prior to each April 30 thereafter
during the term of this Agreement, the Borrower shall prepay
the Loans in an amount equal to fifty percent (50%) of Excess
Cash Flow for the most recently completed fiscal year.
(b) Certain Incurrences of Indebtedness. In addition
to the scheduled repayments provided for in Section 2.4
hereof, the Borrower shall prepay the Loans in an amount equal
to sixty percent (60%) of the Net Proceeds received after the
First Amendment Effective Date from any Indebtedness for Money
Borrowed incurred by the Borrower pursuant to Section 7.1
hereof, except for Indebtedness for Money Borrowed (i)
permitted by Section 7.1(a), (b), (d), (f), (g), (h) and (i);
(ii) incurred in connection with any Investments or
Acquisitions permitted under Section 7.6 hereof, including any
Indebtedness assumed by the Borrower or its Restricted
Subsidiaries in connection with such Investment or
Acquisition, to the extent that upon consummation of any such
Investment or Acquisition such Net Proceeds were invested in,
or used to acquire, Restricted Subsidiaries (it being
understood and agreed that in the event 60% of such Net
Proceeds are used to prepay the Loans pursuant to this Section
2.15(b), the balance of such Net Proceeds may be used, to the
extent permitted by this Agreement, to make Investments or
Acquisitions without any obligation to make Investments in or
to acquire Restricted Subsidiaries pursuant to this clause
(ii)); (iii) incurred at any time that the Leverage Ratio as
of the end of the immediately preceding fiscal quarter (after
giving pro forma effect to such incurrence of Indebtedness) is
less than 4.0 to 1.0; or (iv) incurred by reason of any
issuance by the Borrower of debt securities in a public
offering or a private placement between June 1, 2003 and the
first anniversary of the First Amendment Effective Date in an
amount up to the aggregate of (x) $400,000,000 and (y) an
additional $400,000,000 so long as the Borrower redeems,
repurchases or refinances all of the Senior Subordinated Notes
prior to the first anniversary of the First Amendment
Effective Date.
(c) Application of Prepayments. Any prepayment
pursuant to this Section 2.15 shall be applied in accordance
with Section 2.6(b) of this Agreement."
5. Amendment to Section 5.14(a)(iii). Section 5.14(a)(iii) of the
Agreement is hereby modified and amended by adding "and Section 7.17" to the end
of the list of Sections of the Agreement appearing therein.
6. Amendment to Section 6.3(a)(ii). Section 6.3(a)(ii) of the Agreement
is hereby modified and amended by adding "and Section 7.17" to the end of the
list of Sections of the Agreement appearing therein.
7. Amendment to Section 7.1. Section 7.1 of the Agreement
("Indebtedness of the Borrower and its Restricted Subsidiaries") is hereby
modified and amended by deleting subsection (c) thereof and replacing it with
the following:
"(c) Senior Unsecured Debt;"
8. Amendment to Section 7.4(a). The last sentence of Section 7.4(a) of
the Agreement is hereby modified and amended by adding "and Section 7.17" to the
end of the list of Sections of the Agreement appearing therein.
9. Amendments to Section 7.6(b). Section 7.6(b) of the Agreement
("Acquisitions") is hereby modified and amended by:
(a) amending and restating Section 7.6(b)(i)(C) to read in its
entirety as follows:
"(C) the Borrower and its Restricted Subsidiaries may
make Investments in Unrestricted Subsidiaries (I) that were
made prior to January 1, 2003 in accordance with this
Agreement (as then in effect) and (II) on or after January 1,
2003, in an amount not to exceed (without duplication) (x)
$100,000,000 in the aggregate plus (y) any dividends or
distributions, or repayments of loans or advances, paid by an
Unrestricted Subsidiary and received by the Borrower or its
Restricted Subsidiaries after January 1, 2003 plus (z) the Net
Proceeds from the sale or disposition of an Unrestricted
Subsidiary or of the assets of an Unrestricted Subsidiary to
the extent received by the Borrower or its Restricted
Subsidiaries after January 1, 2003."
; and
(b) modifying and amending Section 7.6(b)(ii)(A) by adding
"and Section 7.17" to the end of the list of Sections of the Agreement appearing
therein.
10. Amendments to Section 7.7. Section 7.7 of the Agreement
("Restricted Payments and Purchases") is hereby modified and amended by:
(a)(i) deleting the reference to "6.50 to 1.00" in Section
7.7(a) and replacing it with "4.00 to 1.00" and (ii) adding "and Section 7.17"
to the end of the list of Sections of the Agreement appearing in Section 7.7(a);
(b)(i) deleting the reference to "6.50 to 1.00" in Section
7.7(b) and replacing it with "4.00 to 1.00" and (ii) adding "and Section 7.17"
to the end of the list of Sections of the Agreement appearing in Section 7.7(b);
(c) deleting the text of subsection (d) thereof and replacing
it with "Intentionally Omitted"; and
(d) deleting the text of subsection (f) thereof and replacing
it with the following:
"The Borrower may redeem, repurchase or refinance the Senior
Subordinated Notes, including the payment of any fees or other
costs incurred in connection therewith."
11. Amendment to Section 7.8. Section 7.8 of the Agreement ("Ratio of
Operating Cash Flow to Cash Interest Expense") is hereby modified and amended by
deleting the period "March 31, 2003 and thereafter" and replacing it with "March
31, 2003 through December 31, 2005", and adding the following at the end of the
table:
"March 31, 2006 and thereafter 2.50 to 1.00"
12. Amendment to Section 7.9. Section 7.9 of the Agreement ("Fixed
Charge Coverage Ratio") is hereby modified and amended by deleting "1.10 to
1.00" and replacing it with "1.00 to 1.00".
13. Amendment to Section 7.11. Section 7.11 of the Agreement
("Annualized Operating Cash Flow to Pro Forma Debt Service Ratio") is hereby
modified and amended by deleting "March 31, 2003 and thereafter 1.50 to 1.00"
and replacing it with the following at the end of the table:
"March 31, 2003 through June 30, 2004 1.25 to 1.00
September 30, 2004 and thereafter 1.00 to 1.00"
14. Addition of New Section 7.17. There shall be added a new Section
7.17 immediately following Section 7.16, which new Section 7.17 shall read in
its entirety as follows:
"Section 7.17. Senior Secured Debt Leverage Ratio. The Borrower shall
not at any time permit the Senior Secured Debt Leverage Ratio to exceed the
ratio set forth below for any fiscal quarter ending during the periods indicated
below:
Period Senior Secured Debt Leverage Ratio
------ ----------------------------------
September 30, 2003 through
December 31, 2005 4.00 to 1.00
March 31, 2006 and thereafter 3.50 to 1.00"
15. Notice of Reduction of Revolving A Commitment. In accordance with
Section 2.7 of the Agreement, the Borrower hereby gives notice to the
Administrative Agent of its cancellation of a portion of the Revolving A
Commitment in an aggregate amount of $150 million.
16. Covenant Regarding Certain Net Proceeds. The Net Proceeds of any
issuance by the Borrower of debt securities in a public offering or a private
placement between June 1, 2003 and the first anniversary of the effective date
of this Amendment, including, without limitation, the Net Proceeds from the
issuance by the Borrower of its 4.625% Convertible Subordinated Notes due 2023,
in excess of $400,000,000 shall be used reasonably promptly to redeem,
repurchase or refinance the Senior Subordinated Notes; provided, however, that
in the event such Net Proceeds are in excess of $800,000,000, the Borrower shall
apply sixty percent (60%) of such Net Proceeds in excess of $800,000,000 to make
additional prepayments on the Term Loans and Revolving B Loans (such prepayments
to be applied in accordance with Section 2.6(b) of the Agreement).
17. Application of Prepayments.
(a) The parties hereto agree that notwithstanding Section
2.6(b) of the Agreement (i) the prepayment of the Term A Loans, Term B Loans and
Revolving B Loans in the aggregate amount of $400 million contemplated by
Section 22(iii) of this Amendment shall be applied only to the Term A Loans, the
Term B Loans and the Revolving B Loans, such prepayment to be applied (x) to the
Term A Loans, the Term B Loans and the Revolving B Loans as follows:
Term A Loans $150 million
Term B Loans $100 million
Revolving B Loans $150 million
and (y) in the order of the maturities thereof, and (ii) the reduction in the
Revolving A Commitment in the amount of $150 million contemplated by Section 15
of this Amendment shall be applied to the Revolving A Commitment in the order of
maturity thereof and the respective Revolving A Commitment of each Lender shall
be reduced in accordance with the Agreement to give effect to such reduction.
(b) For the avoidance of doubt, such repayments of the Term A
Loans, the Term B Loans and the Revolving B Loans to be made by the Borrower
pursuant to this Amendment shall be applied in the order of maturities set forth
in Sections 2.4(b), (c) and (d) of the Agreement (i.e., to earliest maturities
first), and Section 2.4 of the Agreement shall not be modified or amended by
this Amendment. In addition, for the avoidance of doubt, the reduction in the
Revolving A Commitment in the amount of $150 million contemplated by Section 15
of this Amendment shall be
applied to the Revolving A Commitment in the order of maturity thereof set forth
in Section 2.4(a) of the Agreement (i.e., to earliest maturities first), and
accordingly the Revolving A Commitment shall be reduced by the amount set forth
in the table below as of the applicable calendar quarter end, in accordance with
such Section 2.4(a), as follows:
Amount of Revolving A
Quarter Ending Commitment to be Reduced
-------------- ------------------------
March 31, 2003 $12,500,000
June 30, 2003 $12,500,000
June 30, 2005 $12,500,000
September 30, 2005 $31,250,000
December 31, 2005 $31,250,000
March 31, 2006 $31,250,000
June 30, 2006 $31,250,000
September 30, 2006 $31,250,000
December 31, 2006 $31,250,000
March 31, 2007 $25,000,000
June 30, 2007 $25,000,000
September 30, 2007 $25,000,000
December 31, 2007 $25,000,000
March 31, 2008 $25,000,000
18. Waiver in Connection with Refinancing of Senior Subordinated Notes.
Notwithstanding anything to the contrary contained in the Agreement, any
Indebtedness incurred by the Borrower for the purpose of redeeming, repurchasing
or refinancing the Senior Subordinated Notes as contemplated by this Amendment
shall be disregarded for purposes of compliance with the covenants contained in
Sections 7.8 through 7.11 and Section 7.17 of the Agreement (including, without
limitation, in connection with any Performance Certificate required to be
delivered with respect to such covenants), and no Default or Event of Default
shall be deemed to have occurred or be continuing resulting from a violation of
such covenants caused by such incurrence so long as such redemption, repurchase
or refinancing is effected and consummated within 60 days of such incurrence.
19. No Other Amendment or Waiver. Except for the amendments set forth
herein, the text of the Agreement and all other Loan Documents shall remain
unchanged and in full force and effect. The Borrower hereby (i) confirms and
agrees that each Loan Document to which it is a party is, and shall continue to
be, in full force and effect and is hereby ratified and confirmed in all
respects and (ii) confirms and agrees that to the
extent that any Loan Document purports to grant to the Lenders or the
Administrative Agent a security interest in or lien on, any collateral as
security for the Obligations of the Borrower from time to time existing in
respect of the Agreement and the Loan Documents, such security interest or lien
is hereby ratified and confirmed in all respects.
20. Representations and Warranties. The Borrower hereby represents and
warrants in favor of the other parties hereto as follows:
(i) each representation and warranty set forth in Article 4 of
the Agreement is, to the extent required to be repeated pursuant to
Section 4.2 of the Agreement on the date of an Advance, hereby repeated
and affirmed as true and correct in all material respects on and as of
the date hereof, after giving effect to any updates to information
provided to the Lenders pursuant to the Agreement, as if made on and as
of the date hereof;
(ii) the Borrower has the power, corporate or otherwise, and
has taken all necessary action to authorize, execute, deliver and
perform this Amendment (and the Agreement as amended hereby) in
accordance with its terms, and to consummate the transactions
contemplated hereby;
(iii) this Amendment has been duly authorized, validly
executed and delivered by one or more Authorized Signatories of the
Borrower and is (and the Agreement as amended hereby is) the legal,
valid and binding obligation of the Borrower, enforceable against the
Borrower in accordance with its terms, subject, as to enforcement of
remedies, to the following qualifications: (i) an order of specific
performance and an injunction are discretionary remedies and, in
particular, may not be available where damages are considered an
adequate remedy at law, (ii) enforcement may be limited by bankruptcy,
insolvency, liquidation, reorganization, reconstruction and other
similar laws affecting enforcement of creditors' rights generally
(insofar as any such law relates to the bankruptcy, insolvency or
similar event of the Borrower) and (iii) enforcement may be subject to
general principles of equity (regardless of whether such enforcement is
considered in a proceeding in equity or at law) and may be limited by
public policies that may affect the enforcement of certain rights or
remedies provided for in this Amendment;
(iv) the execution and delivery of this Amendment and
performance by the Borrower of its Obligations under this Amendment
(and the Agreement as amended hereby), do not and will not: (A) require
any consent or approval, governmental or otherwise, not already
obtained, (B) violate any Applicable Law applicable to the Borrower or
any Subsidiary of the Borrower, (C) conflict with, result in a breach
of, or constitute a default under the organizational documents of the
Borrower or any Subsidiary of the Borrower or under any material
indenture, agreement or other instrument to which the Borrower or any
of its Subsidiaries is a party or by which any of them or their
properties may be bound, (D) conflict with, result in a breach of, or
constitute a default or violation of, the terms and conditions of any
of the material Licenses or (E) result in or require the creation
or imposition of any Lien upon or with respect to any property now
owned or hereafter acquired by the Borrower or any of its Subsidiaries,
except for Permitted Liens; and
(v) before and immediately after giving effect to this
Amendment, no event exists, or would result from this Amendment, that
constitutes a Default or an Event of Default.
21. Documents Delivered by the Borrower. The following documents shall
be delivered by the Borrower to the Administrative Agent concurrently with the
execution of this Amendment:
(i) duly executed Amendment signed by the Borrower;
(ii) loan certificate, in substantially the form of
Exhibit M to the Agreement, from the Borrower together with:
(A) certificates of good standing for the Borrower issued by
the Secretary of State or similar state official for the state
in which such Borrower is organized and (B) a true, complete
and correct copy of the appropriate authorizing resolutions of
such Borrower, authorizing such Borrower to execute, deliver
and perform this Amendment, as certified by the Secretary of
the Borrower;
(iii) certificate of a duly authorized officer of the
Borrower, dated the date of this Amendment, as to the truth
and correctness in all material respects of the
representations and warranties contained in Section 20 hereof;
(iv) legal opinion of Xxxxxxxx Xxxxxx Xxxxxx &
Xxxxxxx LLP, special counsel to the Borrower, dated the date
of this Amendment, addressed to the Agents and the Lenders, in
form and substances satisfactory to the Administrative Agent
and its counsel;
(v) that certain engagement letter with FTI
Consulting, Inc. in connection with this Amendment, duly
executed by the Borrower; and
(vi) such other documents and instruments as may be
requested by the Administrative Agent.
22. Conditions Precedent to Effectiveness of Amendment. The
effectiveness of this Amendment is subject to the prior fulfillment of each of
the following conditions:
(i) the Administrative Agent shall have received, on
behalf of the Lenders consenting to the terms and provisions
of this Amendment, an amendment fee equal to 0.50% of such
Lenders' Commitments, after giving effect to the reduction of
the Revolving A Commitment contemplated by Section 15 hereof
and the prepayments contemplated by Section 17 hereof (such
amount to be allocated according to their respective
Commitment
Ratios), payable to such Lenders which have executed this
Amendment on or before July 9, 2003;
(ii) the Administrative Agent shall have received, on
behalf of the Lenders consenting to the terms and provisions
of this Amendment, an amendment fee equal to 0.375% of such
Lenders' Commitments, after giving effect to the reduction of
the Revolving A Commitment contemplated by Section 15 hereof
and the prepayments contemplated by Section 17 hereof (such
amount to be allocated according to their respective
Commitment Ratios), payable to such Lenders which have
executed this Amendment after July 9, 2003 but on or before
July 15, 2003;
(iii) the Term Loans and the Revolving B Loan shall
have been prepaid in the amount of $400,000,000, such amount
to be applied to the Term A Loans, Term B Loans and Revolving
B Loans in the order of maturity (i.e., to earliest maturities
first) as follows:
Term A Loans $150 million
Term B Loans $100 million
Revolving B Loans $150 million; and
(iv) the Majority Lenders shall have executed and
delivered this Amendment.
23. Counterparts. This Amendment may be executed in multiple
counterparts, each of which shall be deemed to be an original and all of which,
taken together, shall constitute one and the same agreement.
24. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED IN NEW YORK.
25. Loan Document. This Amendment shall be deemed to be a Loan Document
for all purposes. Each Loan Document shall on the effective date of this
Amendment be deemed without any further action by any Person to be amended to
the extent necessary to reflect the amendments set forth herein.
26. Severability. Each provision of this Amendment shall be considered
separable and if for any reason any provision or provisions are determined to be
non-binding, invalid, unenforceable or illegal in any respect, such non-binding
provision or such invalidity, unenforceability or illegality shall not affect
any other provisions of the Agreement or of this Amendment, which other
provisions shall remain in full force and effect in accordance with their terms.
[SIGNATURES ON FOLLOWING PAGES]
IN WITNESS WHEREOF, the parties hereto have caused their respective
duly authorized officers or representatives to execute and deliver this
Amendment as of the day and year first above written.
BORROWER: WESTERN WIRELESS CORPORATION
By: _______________________________
Name: _______________________________
Title: _______________________________
Attest: _______________________________
Name: _______________________________
Title: _______________________________
NAME OF LENDER:
By: _______________________________
Name: _______________________________
Title: _______________________________
Date Delivered: ______________________
[Lender's Signature Page to First Amendment to Loan Agreement]
