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Exhibit 10.1
THIRD AMENDMENT TO
FORBEARANCE AND MODIFICATION AGREEMENT
EFFECTIVE DATE. AS OF MAY 16, 2001
PARTIES. BANK ONE, ARIZONA, NA, as administrative agent for
Banks that are parties to the Credit Agreement
(defined below) and as a Bank ("Bank One");
FLEET NATIONAL BANK, as Documentation Agent, and as a
Bank ("Fleet"); and IMPERIAL BANK ("Imperial"), as a
Bank. Bank One, Fleet, and Imperial are sometimes
individually referred to as a Bank and collectively
as the "Banks".
HYPERCOM CORPORATION, a Delaware corporation
("Hypercom"), and each of its undersigned
Subsidiaries, Affiliates, and other parties obligated
under the Credit Documents to Banks (hereinafter
individually and collectively referred to as
"Borrower").
This Third Amendment to Modification and Forbearance Agreement
(the "Third Amendment") is made by and among Banks and
Borrower. For present and fair consideration, the receipt and
sufficiency of which are hereby acknowledged, Banks and
Borrower confirm and agree as follows:
RECITALS.
A. Loans from Banks to Borrower. Banks and Hypercom are parties to the
"Credit Agreement" dated as of August 31, 2000 (the "Credit Agreement"). Under
the Credit Agreement, Banks have made available to Hypercom loans and other
financial accommodations (including an RLC and Letters of Credit, collectively,
the "Loans") in the committed amount of $60,000,000.
B. Obligations Owing from Borrower to Banks. Computed as of June 1,
2001, Hypercom is indebted as follows to Banks: (i) in the amount of
$32,190,185.10 for unpaid principal; plus (ii) for accrued and accruing
interest, recoverable costs (including reasonable attorneys' fees), certain
indemnities, and other expenses.
C. Collateral Held By Banks for Satisfaction of Obligations Owing from
Borrower. As security for satisfaction of the Obligations owing from Borrower,
Banks hold valid and perfected, first and prior liens in (among other things)
the Collateral described in the Security Agreements
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executed by Borrower in conjunction with the Credit Agreement. In addition,
Banks hold valid and perfected, first and prior liens on the Additional
Collateral described in the "Forbearance and Modification Agreement" dated as of
November 14, 2000 (the "Forbearance Agreement") executed by Borrower and
delivered to Banks on or about December 22, 2000. Unless otherwise indicated,
capitalized terms used in this Third Amendment correspond to the capitalized
terms used in the Forbearance Agreement. The lien and security interests held by
the Banks are evidenced by (among other things) the Security Documents, the
Forbearance Agreement, and all other related Credit Documents executed and
delivered by Borrower to Banks.
D. No Defenses. Borrower has no defenses, offsets, counterclaims, or
adverse claims of any kind or amount with respect to the Obligations. In
addition, Borrower has no defenses, offsets, counterclaims, or adverse claims of
any kind with respect to the Collateral and the Additional Collateral interests
held by Banks as security for satisfaction of the Obligations.
E. Identified Defaults. As identified on Exhibit "A" to this Third
Amendment, Borrower is in default of certain covenants contained in the Credit
Documents (the "Identified Defaults").
F. Request for Certain Forbearance and Loan Modifications. Borrower
initially requested that Banks forbear from exercising their rights and remedies
with respect to certain of the "Identified Defaults" through December 31, 2000,
or, if extended pursuant to the terms of this Forbearance Agreement, through
January 31, 2001 (the "Forbearance Period"). In addition, Borrower requested
that Banks modify certain terms and conditions of the Credit Documents. Banks
granted Borrower's initial request for forbearance by agreeing to the terms and
conditions of the Forbearance Agreement. Borrower asked for an initial extension
of the Forbearance Period through March 31, 2001. Banks granted Borrower's
initial request for an extension of the Forbearance Agreement by agreeing to the
terms and conditions of the "First Amendment To Forbearance And Modification
Agreement" dated as of February 1, 2001 (the "First Amendment"). Borrower
requested another extension of the Forbearance Period, and Banks granted the
extension by agreeing to the terms and conditions of the "Second Amendment to
Forbearance and Modification Agreement" dated as of April 1, 2001 (the "Second
Amendment"). Borrower now requests from Banks additional forbearance and
additional modifications to the Credit Documents, to the Forbearance Agreement,
to the First Amendment, and to the Second Amendment. Although Banks are under no
obligation to do so, Banks are willing to provide Borrower with additional
limited forbearance, and Banks are willing to provide additional limited
modification of the Credit Documents, the Forbearance Agreement, the First
Amendment, and the Second Amendment upon the terms and conditions set forth
herein. The forbearance under this Third Amendment, like the forbearance
provided in the Forbearance Agreement, the First Amendment, and the Second
Amendment, is being provided by Banks to allow Borrower to secure replacement
financing to satisfy indefeasibly the entire amount of the Obligations owing to
Banks under the Credit Documents.
PROVISIONS.
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1. Accuracy of Recitals. Borrower acknowledges that the Recitals set
forth above are true, accurate and correct. The Recitals are incorporated into
these Provisions without any difference or distinction between the two (2)
segments of this Third Amendment.
2. Reaffirmation of Loans. Except as expressly modified by this Third
Amendment, Borrower reaffirms all of its Obligations under the Credit Documents,
under the Forbearance Agreement, under the First Amendment, and under the Second
Amendment.
3. Extension of Forbearance Period. Provided that Borrower satisfies
all of the terms and conditions of the Forbearance Agreement and all of the
terms and conditions of this Third Amendment, the Forbearance Period may be
extended as follows:
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EXTENSION OF CONDITIONS
FORBEARANCE PERIOD
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From 5/16/01 through 6/15/01. By June 8, 2001 Borrower will: (i) pay Banks an Extension Fee of
$50,000; and (ii) reduce the outstanding Obligations to $24,200,000
(or less).
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From 6/16/01 through 6/30/01. By June 18, 2001, Borrower will: (i) pay Banks an Extension Fee of
$50,000; and (ii) deliver from Foothill a commitment letter for
Take Out Financing; and (iii) deliver to Banks confirmation from
Xxxxxx that its commitment for Take Out Financing extends beyond
July 31, 2001. By June 29, 2001, Borrower will reduce the
outstanding Obligations to $22,200,000 (or less).
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From 7/1/01 through 7/15/01 By July 1, 2001, Borrower will: (i) pay Banks an Extension Fee of
$50,000. By July 13, 2001, Borrower will reduce the outstanding
Obligations to $20,200,000 (or less).
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From 7/16/01 through 7/31/01 By July 16, 2001, Borrower will: (i) pay Banks an Extension Fee of
$50,000. By July 27, 2001, Borrower will reduce the outstanding
Obligations to $18,200,000 (or less). By July 31, 2001, Borrower
will close the Take Out Financing, and repay indefeasibly and in
full all outstanding Obligations.
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4. Modifications. The Credit Documents, the Forbearance Agreement, the
First Amendment, and the Second Amendment are hereby modified and amended as
described below. In the event of any conflict between the terms of the Credit
Documents, the terms of this
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Forbearance Agreement, the terms of the First Amendment, the terms of the Second
Amendment, and the terms of this Third Amendment, this Third Amendment shall
control.
4.1 Limits on Funding of Golden Eagle Leasing. Section 6.9 of
the Forbearance Agreement is modified to provide that, so long as Borrower
satisfies all other terms and conditions of the Forbearance Agreement as amended
by the First Amendment and this Third Amendment, the $1,500,000 of Hypercom cash
provided pursuant to Section 4.4 of the First Amendment may be recycled and
reused from the sale of Golden Eagle Leasing assets for the funding of Golden
Eagle Leasing.
4.2 Limits on Payment of Expenses. During the Forbearance
Agreement as extended by this Third Amendment, Borrower is limited to payment
of: (i) expenses (in kind and in amount) listed on the Cash Flow Forecast
attached as Exhibit "B"; (ii) the Obligations; (iii) the Forbearance Fees; and
(iv) the Reimbursable Costs.
4.3 Direct Assignment of Blackstone, Wakefern, and Petco
Receivables. Borrower hereby assigns directly to the Banks all of the amounts
owing to Borrower from Blackstone (estimated in the amount of approximately $7.9
million), from Wakefern (estimated in the amount of approximately $2.2 million),
and Petco (estimated in the amount of approximately $327,000) (collectively, the
"Assigned Accounts"). Borrower will obtain from Blackstone, Wakefern, and Petco:
(i) an acknowledgment of the transfer of the Assigned Accounts to Banks, and
(ii) a commitment to pay the Assigned Accounts directly to Bank One, NA, as
Administrative Agent for Banks (collectively, the "Acknowledgments"). Any
Assigned Accounts received by the Banks will be credited to the payments
required between 6/16/01 and 7/27/01 under paragraph 3 above. In the event that
the Obligations are repaid indefeasibly and in full prior to payment of all or a
portion of the Assigned Accounts, any remaining Assigned Accounts will be
transmitted to Borrower.
4.4 Release of Liens on Horizon Collateral and Limits on
Payments Under the Xxxxxxxxxx and Investor Loans. Upon receipt of the funds
necessary to reduce the outstanding Obligations to $24,200,000, the Banks will:
(i) release their liens on the Stock Collateral, the Horizon Collateral, and the
Contract Collateral identified in the Loan and Security Agreement dated on or
about June 5, 2001 between Xxxxxxxx Investments, LLC as lender and Hypercom
Horizon, Inc., Hypercom U.S.A., Inc., and Hypercom Corporation as borrowers (the
"Xxxxxxxxxx Loan"); and (ii) consent to the Xxxxxxxxxx Loan. Repayment of any
sums due from Borrowers under the Xxxxxxxxxx Loan will be limited to receipts
from the Contract Collateral, and no payments will be made on the $4.4 million
"Investor Loan" until such time that the outstanding Obligations are repaid
indefeasibly and in full.
5. Conditions Precedent. Before this Third Amendment becomes effective
and Banks become obligated under it, and in addition to any other conditions
stated in this Third Amendment and in the Forbearance Agreement, the First
Amendment, and the Second Amendment, all of the following conditions shall have
been satisfied at Borrower's sole cost and expense in a manner
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acceptable to Banks:
5.1 Receipt of Documents. Banks will have received fully
executed originals of this Third Amendment, the Acknowledgments, and any other
documents that Banks may require or request in accordance with this Third
Amendment, the Forbearance Agreement, the First Amendment, the Second Amendment
and the Credit Documents, all in such form as Banks may require in their
reasonable discretion.
5.2 Reimbursement of Banks' Costs and Expenses. Banks will
have received in immediately available funds all outstanding Reimbursable Costs
incurred by Banks in connection with the Forbearance Agreement, the First
Amendment, and this Third Amendment. Upon execution of this Third Amendment,
Borrower will pay Banks their current Reimbursable Costs in the aggregate amount
of $72,201.24, payable as follows: (i) $18,500 to Xxxxxxx & Xxxxx Xxxxxxx Xxxx
for services rendered from the effective date of the Second Amendment through
May 31, 2001 as counsel for the Banks as a group; (ii) $36,201.24 to Xxxxxxx &
Marsal, Inc., for services rendered from the effective date of the Second
Amendment through May 31, 2001 as financial consultants for the Banks; and (iii)
$17,500, payable to Bank One as and for its Reimbursable Costs from the
effective date of the Second Amendment through May 31, 2001. Thereafter,
Borrower will pay all additional Reimbursable Costs incurred by Banks during the
course of the Forbearance Period within seven (7) business days of delivery of
any invoice for payment of Reimbursable Costs.
5.3 Forbearance From Other Lenders. During the Forbearance
Period, no other lender, creditor, or lessor will enforce its rights or remedies
in relation to any default committed by Borrower under any loan agreement, lease
agreement, security agreement, or other financial agreement. In addition, and
consistent in scope and time with the forbearance provided by the Banks,
Borrower will obtain and maintain at least through the Forbearance Period
forbearance for defaults of obligations owing to its other major lenders (the
"Other Forbearance Agreements"), including direct lenders (like Xxxxxxx Bank)
that provide financing for Borrower and its Subsidiaries and Affiliates,
including Golden Eagle. Copies of the Other Forbearance Agreements will be
delivered to the Banks.
6. Borrower's Representations and Warranties. Borrower represents and
warrants to Banks as follows:
6.1 Accuracy of Representations in Third Amendment, Second
Amendment, First Amendment, Forbearance Agreement and Credit Documents. All
representations and warranties made and given by Borrower in this Third
Amendment, in the Second Amendment, in the First Amendment, in the Forbearance
Agreement, and in the Credit Documents are accurate and correct.
6.2 No Default. Other than the Identified Defaults, no Event
of Default has occurred and is continuing under the Credit Documents, and no
event has occurred and is continuing which, with notice or the passage of time
or both, would be an Event of Default.
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6.3 Property. To the extent applicable, Borrower lawfully
possesses and holds a 100% ownership interest in all of the Collateral and the
Additional Collateral for the Obligations. Borrower owns all of the Collateral
and the Additional Collateral for the Obligations free and clear of any defects,
reservations of title and conditional sales contracts, and free and clear of any
Liens and security interests other than the Liens and security interests in
favor of Banks. There is no financing statement affecting any Collateral or the
Additional Collateral for the Obligations on file in any public office which
affect the priority of the Liens of Banks.
6.4 Borrowing Entity. Each Borrower entity is a corporation
which is duly organized, validly existing and in good standing under the laws of
the jurisdiction of its incorporation. There have been no changes in the
organization, composition, ownership, structure or formation documents of
Borrower since the inception of the Obligations. In each state and country in
which Borrower does business, it is properly licensed, in good standing, and,
where required, in compliance with fictitious name statutes.
6.5 Authorization. This Third Amendment, and any instrument or
agreement required hereunder, are within Borrower's powers, have been duly
authorized, and do not conflict with any of its organizational papers.
6.6 Enforceable Credit Documents/No Conflicts. The Credit
Documents, the Forbearance Agreement, the First Amendment, the Second Amendment,
and this Third Amendment are legal, valid and binding agreements of Borrower,
enforceable in accordance with their respective terms, and any instrument or
agreement required hereunder or thereunder, when executed and delivered, is (or
will be) similarly legal, valid, binding and enforceable. This Third Amendment
does not conflict with any law, agreement, or obligation by which Borrower is
bound.
6.7 Financial Information. All financial and other information
(including, but not limited to the Cash Flow Reports) that has been or will be
supplied to Banks is:
(a) Sufficiently complete to give Banks accurate
knowledge of Borrower's financial condition;
(b) In form and content required by Banks; and
(c) In compliance with all government regulations
that apply.
7. Borrower Acknowledgments. Borrower hereby acknowledges and agrees
that:
7.1 No Breach By Banks. Each of the Banks (including all of
its predecessors) has not breached any duty to Borrower in connection with the
Obligations, the Credit Documents, the Forbearance Agreement, the First
Amendment, the Second Amendment, or this Third Amendment, and each Bank
(including all of its predecessors) has fully performed all obligations
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it may have had or now has to Borrower.
7.2 Interest, Fees, and Other Charges. All interest, fees
(including the Extension Fees under paragraph 3 above) or other charges
(including the Reimbursable Costs under section 5.2 above) imposed, accrued, or
collected by Banks (including all their predecessors) under the Credit
Documents, the Forbearance Agreement, the First Amendment, the Second Amendment,
and this Third Amendment, and the method of computing the interest, fees, or
other charges, were and are reasonable, proper, and agreed to by Borrower and
were properly computed and collected.
7.3 No Waiver. By entering into this Third Amendment, Banks do
not waive any existing defaults (including the Identified Defaults) or any
defaults hereafter occurring, and Banks do not become obligated to waive any
condition or obligation in any agreement between or among any of the parties
hereto.
7.4 No Future Obligations. Banks have no obligation to make
any additional loan or extension of credit to or for the benefit of Borrower,
and Banks have no obligation to provide additional forbearance or to extend
further accommodations to Borrowers.
7.5 No Third Party Beneficiaries. This Third Amendment is not
intended for, and shall not be construed to be for, the benefit of any person
not a signatory hereto.
7.6 Loan Balances. The outstanding balances owing on the
Obligations, as described in this Third Amendment, are true and correct.
7.7 Fair Consideration. All payments made and Liens granted by
Borrower to Banks under the Credit Documents, the Forbearance Agreement, the
First Amendment, the Second Amendment, and this Third Amendment are for fair
consideration and reasonably equivalent value.
7.8 Notice of Identified Defaults. Borrower has received or
waives all notice required from Banks under the Credit Documents with respect to
the Identified Defaults; and, subject to the terms and conditions of the
Forbearance Agreement, the First Amendment, the Second Amendment, and this Third
Amendment, Banks presently are free to exercise all of their rights and remedies
under the Credit Agreement as a result of the Identified Defaults committed by
Borrower.
8. Release of Banks. In consideration of the agreements of Banks set
forth in this Third Amendment, Borrower and all of its respective heirs,
personal representatives, predecessors, successors and assigns (individually and
collectively, the "Releasors"), hereby fully release, remise, and forever
discharge Banks, the parents of Banks and all other affiliates and predecessors
of Banks, and all past and present officers, directors, agents, employees,
servants, partners, shareholders, attorneys and managers of Banks, for, from,
and against any and all claims, counterclaims, liens, demands, causes of action,
controversies, offsets, obligations, losses, damages and liabilities of every
kind and character whatsoever, including, without limitation, any action,
omission, misrepresentation
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or other basis of liability founded either in tort or contract and the duties
arising thereunder, that the Releasors, or any one of more of them, has had in
the past, or now has, whether known or unknown, whether asserted or unasserted,
by reason of any matter, cause or thing set forth in, relating to or arising out
of, of in any way connected with or resulting from, the Loans, the Obligations,
the Credit Documents, the Forbearance Agreement, the First Amendment, the Second
Amendment, and this Third Amendment.
9. No Prejudice; Reservation of Rights. Except for the limited
forbearance specifically set forth herein, this Third Amendment shall not
prejudice any rights or remedies of Banks under the Credit Documents, under the
Forbearance Agreement, under the First Amendment, or under the Second Amendment.
Except for the limited forbearance specifically set forth herein, each Bank
reserves, without limitation, all of its rights against any Borrower,
indemnitor, guarantor, or endorser of any of the Credit Documents, the
Forbearance Agreement, the First Amendment, the Second Amendment, and any other
party liable in any way for satisfaction of the Obligations or other losses
suffered by Banks.
10. No Impairment/Security. Except as otherwise specifically set forth
herein, the Credit Documents, the Forbearance Agreement, the First Amendment,
and the Second Amendment remain unaffected by this Third Amendment, and all of
the Credit Documents, the Forbearance Agreement, the First Amendment, and the
Second Amendment shall remain in full force and effect. Borrower's payment and
performance of Borrower's various Obligations to Banks under the Credit
Documents, the Forbearance Agreement, the First Amendment, and the Second
Amendment, including all extensions, amendments, renewals or replacements
thereof, continue to be and shall be secured by the Liens arising under the
Credit Documents, the Forbearance Agreement, the First Amendment, and the Second
Amendment. Nothing contained herein shall be deemed a waiver of any of the
rights and remedies that any of the Banks may have against Borrower or any other
party, or of any of Banks' rights and remedies arising out of the Credit
Documents, the Forbearance Agreement, the First Amendment, or the Second
Amendment.
11. Integration. The Credit Documents, the Forbearance Agreement, the
First Amendment, the Second Amendment, and this Third Amendment: (a) integrate
all the terms and conditions mentioned in or incidental to the Credit Documents,
the Forbearance Agreement, the First Amendment, and the Second Amendment; (b)
supersede all oral negotiations and prior and other writings with respect to
their subject matter; and (c) are intended by the parties as the final
expression of the agreement with respect to the terms and conditions set forth
in those documents and as the complete and exclusive statement of the terms
agreed to by the parties. If there is any conflict between the terms, conditions
and provisions of this Third Amendment and the terms, conditions, or provisions
of any other agreement or instrument, including any of the other Credit
Documents, the Forbearance Agreement, the First Amendment, and the Second
Amendment, the terms, conditions and provisions of this Third Amendment shall
prevail. No modification of this Third Amendment or the Credit Documents, the
Forbearance Agreement, the First Amendment, and the Second Amendment shall be
effective unless in writing and signed by the applicable parties to
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be bound thereby.
12. Counterparts. This Third Amendment and any attached consents or
exhibits requiring signatures may be executed in as many counterparts as
necessary or convenient, and by the different parties on separate counterparts
each of which, when so executed, shall be deemed an original, but all such
counterparts shall constitute but one and the same agreement.
13. Invalidity. If any court of competent jurisdiction determines any
provision of this Third Amendment or any of the Credit Documents, the
Forbearance Agreement, the First Amendment, or the Second Amendment to be
invalid, illegal or unenforceable, that portion shall be deemed severed from the
rest, which shall remain in full force and effect as though the invalid, illegal
or unenforceable portion had never been a part of this Third Amendment, the
Forbearance Agreement, the First Amendment, the Second Amendment, or the Credit
Documents.
14. Successors and Assigns. This Third Amendment shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns; provided, however, Borrower may not transfer its rights under the
Third Amendment, the Second Amendment, the First Amendment, the Forbearance
Agreement, or the Credit Documents without the prior written consent of Banks.
Each of the Banks may transfer its rights under this Third Amendment, the Second
Amendment, the First Amendment, the Forbearance Agreement, or the Credit
Documents to any successor in interest.
15. Default. The failure of Borrower to comply with any provision of
this Third Amendment or the failure of Borrower to comply with the terms and
conditions of the Credit Documents, the Forbearance Agreement, the First
Amendment, or the Second Amendment (other than the Identified Defaults) shall
constitute an Event of Default and shall entitle Banks to exercise any and all
of their rights and remedies under the Credit Documents, the Forbearance
Agreement, the First Amendment, the Second Amendment, and this Third Amendment.
16. No Waiver. No failure to exercise, and no delay in exercising any
right, power or remedy under any of the Credit Documents, the Forbearance
Agreement, the First Amendment, the Second Amendment, or this Third Amendment
shall impair any right, power or remedy that Banks may have, nor shall such
delay be construed to be a waiver of any of such rights, powers or remedies. No
waiver of any default or breach of Borrower shall be a waiver of any other
default or breach or of any default or breach subsequently occurring. Banks
shall not be deemed to have waived any right, power, or remedy except in writing
signed by an officer of Banks expressly stating that it is a waiver of same
right, power or remedy.
17. No Consent. Except as specifically provided in this Third
Amendment, no express or implied consent to any further forbearance or
modifications involving any of the matters set forth in this Third Amendment or
otherwise shall be inferred or implied by Banks' execution of this Third
Amendment or any other action of Banks. Banks' execution of this Third Amendment
shall not
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constitute a waiver, either express or implied, of the requirement that any
further forbearance or modification of the Credit Documents, the Forbearance
Agreement, the First Amendment, or the Second Amendment shall require the
express written approval of Banks. Each of the Banks must provide any consent
required from the Banks under this Third Amendment.
18. Cumulative Remedies. The rights and remedies of Banks under this
Third Amendment, the Second Amendment, the First Amendment, the Forbearance
Agreement, and the Credit Documents are cumulative and not exclusive of any
rights or remedies that Banks would otherwise have, and may be pursued at any
time and from time to time and in such order as Banks shall determine in their
sole discretion.
19. Mutual Agreement. The parties hereto agree that the terms and
provisions of this Third Amendment embody their mutual intent and that such
terms and provisions are not to be construed more liberally in favor, or more
strictly against, any party. This Third Amendment shall not be construed as if
it had been prepared by one of the parties, but rather as if it had been
prepared by all of the parties.
20. Time is of the Essence. Time is of the essence of this Third
Amendment, the Second Amendment, the First Amendment, the Forbearance Agreement,
and the Credit Documents.
21. Headings. Section headings are for reference only and shall not
affect the interpretation or meaning of any provisions of this Third Amendment.
22. Further Performance. Borrower, whenever and as often as shall be
requested by the Banks, shall execute, acknowledge, and deliver, or cause to be
executed, acknowledged, and delivered such further instruments and documents and
to do any and all things as may be requested by Banks in order to carry out the
intent and purpose of this Third Amendment, the Second Amendment, the First
Amendment, the Forbearance Agreement, and the Credit Documents.
23. Survival. The representations, warranties, acknowledgments, and
agreements set forth herein shall survive the termination of this Third
Amendment.
24. Binding Effect. This Third Amendment shall be binding upon and
inure to the benefit of Banks, Borrower, and their respective successors and
assigns.
IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment
to be executed on the dates set forth below to be effective as of the day and
year set forth above.
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"BANKS"
BANK ONE, ARIZONA, NA,
Dated: June 6, 2001 By: /s/ Xxxxxx X. Xxxxxx
------------ --------------------
Name: Xxxxxx X. Xxxxxx
Title: 1st Vice President
FLEET NATIONAL BANK
Dated: June 6, 2001 By: /s/ Xxxxxxx Xxxxxxxx
------------ --------------------
Name: Xxxxxxx Xxxxxxxx
Title: Senior Vice President
IMPERIAL BANK
Dated: June 6, 2001 By: /s/ Xxxxxx X. Xxxx
------------ ----------------
Name: Xxxxxx X. Xxxx
Title: Senior Vice President
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"BORROWER"
HYPERCOM CORPORATION, a Delaware
corporation
Dated: June 4, 2001 By: /s/ Xxxxxxxx X. Xxxxxxx
------------ -----------------------------------------
Name: Xxxxxxxx X. Xxxxxxx
-------------------------------------
Title: Executive VP & CEO
-------------------------------------
HYPERCOM U.S.A., INC., a Delaware
corporation
Dated: June 4, 2001 By: /s/ Xxxxxxxx X. Xxxxxxx
------------ -----------------------------------------
Name: Xxxxxxxx X. Xxxxxxx
-------------------------------------
Title: Secretary
-------------------------------------
GOLDEN EAGLE LEASING, INC., f/k/a
Hypercom Financial, Inc. (Arizona), an
Arizona corporation
Dated: June 4, 2001 By: /s/ Xxxxxxxx X. Xxxxxxx
------------ -----------------------------------------
Name: Xxxxxxxx X. Xxxxxxx
-------------------------------------
Title: President
-------------------------------------
HYPERCOM HORIZON, INC., a Missouri
corporation
Dated: June 4, 2001 By: /s/ Xxxxxxxx X. Xxxxxxx
------------ -----------------------------------------
Name: Xxxxxxxx X. Xxxxxxx
-------------------------------------
Title: Secretary
-------------------------------------
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HYPERCOM INC., a/k/a Hypercom
(Arizona), Inc., an Arizona corporation
Dated: June 4, 2001 /s/ Xxxxxxxx X. Xxxxxxx
By:_____________________________________
Xxxxxxxx X. Xxxxxxx
Name:___________________________________
Secretary
Title:__________________________________
HYPERCOM TRANSACTION NETWORK,
INC., (Arizona), an Arizona corporation
/s/ Xxxxxxxx X. Xxxxxxx
Dated: June 4, 2001 By:_____________________________________
Xxxxxxxx X. Xxxxxxx
Name:___________________________________
Secretary
Title:__________________________________
HYPERCOM MANUFACTURING
RESOURCES, INC., (Arizona) an Arizona
corporation
/s/ Xxxxxxxx X. Xxxxxxx
Dated: June 4, 2001 By:_____________________________________
Xxxxxxxx X. Xxxxxxx
Name:___________________________________
Secretary
Title:__________________________________
HYPERCOM LATINO AMERICA, INC.
(Arizona), an Arizona corporation
/s/ Xxxxxxxx X. Xxxxxxx
Dated: June 4, 2001 By:_____________________________________
Xxxxxxxx X. Xxxxxxx
Name:___________________________________
Secretary
Title:__________________________________
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ePTCNETZ, INC., A Nevada corporation
/s/ Xxxxxxxx X. Xxxxxxx
Dated: June 4, 2001 By:_____________________________________
Xxxxxxxx X. Xxxxxxx
Name:___________________________________
Secretary
Title:__________________________________
HYPERCOM EUROPE LIMITED, INC.
(Arizona)
/s/ Xxxxxxxx X. Xxxxxxx
Dated: June 4, 2001 By:_____________________________________
Xxxxxxxx X. Xxxxxxx
Name:___________________________________
Secretary
Title:__________________________________
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