July 31, 1999
VIA FACSIMILE
Rawlings Sporting Goods Company, Inc.
0000 Xxxxxxxxx Xxxxx
Xxxxxx, Xxxxxxxx 00000
Re: Amendment No. 4 to Amended and
Restated Credit Agreement
Gentlemen:
We refer to the Amended and Restated Credit Agreement, dated as
of September 12, 1997, among Rawlings Sporting Goods Company,
Inc., The First National Bank of Chicago, as agent, and the
lenders parties thereto (as amended, the "Credit Agreement").
Capitalized terms used but not defined herein shall have the
meanings assigned thereto in the Credit Agreement.
Pursuant to your request, the Agent on behalf of itself and the
Lenders hereby agrees to:
(i) amend Section 6.1(m) of the Credit Agreement
by deleting the number "15" appearing therein and
substituting in lieu thereof the number "30".
(ii) amend Section 6.33 of the Credit Agreement by
deleting the date "July 30, 1999" appearing therein
and substituting in lieu thereof the date "August
15, 1999.";
(iii) accept title commitment reports satisfactory
to Agent for the Borrower's U.S. real property and
title opinions and certificates of location
satisfactory to Agent for Rawlings Canada's real
property under Section 6.33 of the Credit Agreement
in lieu of title insurance policies in connection
with the pledge of such property, provided that,
notwithstanding the foregoing, upon not less that
20 Business Days written request by Agent, Borrower
shall deliver title insurance policies in form and
substance satisfactory to Agent and at Borrower's
expense insuring Agent's and Lenders' mortgage lien
on Borrower's real property in the U.S.
In all other respects, the terms and provisions of the Credit Agreement
and other Loan Documents shall continue and remain in effect, and the
same are hereby ratified and confirmed.
This Amendment No. 4 shall become effective upon receipt by the
Agent of a facsimile copy hereof duly executed by the Borrower and
the Required Lenders.
Very truly yours,
THE FIRST NATIONAL BANK OF
CHICAGO, as Agent
By: /s/ Xxxxxx Xxxxx
First Vice President
Accepted and Agreed to:
RAWLINGS SPORTING GOODS
COMPANY, INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
Chief Financial Officer
THE FIRST NATIONAL BANK OF CHICAGO
(Name of Lender)
By: /s/ Xxxxxxxx X. Xxxxxx
Its: Vice President
BANK OF AMERICA, N.A.
(f/k/a NationsBank, N.A.)
By: /s/ Xxxxx X. Xxxxxxxxx
Its: Senior Vice President
COMERICA BANK
By: /s/ Xxxxxxx X. Xxxx
Its: Vice President
THE BANK OF NEW YORK
By: /s/ Xxxxx X. Xxxxx
Its: Vice President
MERCANTILE BANK, N.A.
By: /s/ X. X. Xxxxx
Its: Vice President
