W I T N E S S E T H
FIRST AMENDMENT TO CREDIT AGREEMENT
THIS FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of
September 1, 1995 (the "Amendment"), among FRDK, INC., a New York corporation
(the "Borrower"), XXXXX CORPORATION LIMITED, an Ontario corporation (the
"Guarantor"), the various commercial banks as are parties hereto (collectively,
the "Lenders"), and THE BANK OF NOVA SCOTIA, as agent (the "Agent") for the
lenders.
W I T N E S S E T H
WHEREAS, the Borrower, the Guarantor, certain of the Lenders
and the Agent have heretofore entered into a certain Credit Agreement, dated as
of August 10, 1995 (the "Credit Agreement");
WHEREAS, Citibank, N.A., Credit Suisse and Royal Bank of
Canada (collectively, the "Co-Agents") desire to become party to the Credit
Agreement as "Co-Agents" thereunder;
WHEREAS, Citibank, N.A., Credit Suisse, Royal Bank of Canada,
Deutsche Bank AG, The Industrial Bank of Japan, Limited, Nationsbank of Georgia,
N.A., Wachovia Bank of Georgia, N.A., Bank of Montreal, Banque Paribas,
Commerzbank AG, Isittuto Bancario San Paolo Di Torino, SPA, LTCB Trust Company
and Mellon Bank, N.A. (collectively, the "New Lenders") desire to become party
to the Credit Agreement as "Lenders" thereunder; and
WHEREAS, the Borrower, the Guarantor, the Lenders and the
Agent now desire to amend the Credit Agreement to allow the New Lenders to
become party thereto, as hereinafter provided;
NOW, THEREFORE, the parties hereto agree as follows:
ARTICLE I
DEFINITIONS
SECTION 1.1. Use of Defined Terms. Unless otherwise defined or
the context otherwise requires, terms for which meanings are provided in the
Credit Agreement shall have such meanings when used in this Amendment.
ARTICLE II
AMENDMENTS
Subject to this Amendment becoming effective as provided in
Section 3.3, but effective as of the date hereof, the Credit Agreement shall be
amended as follows:
SECTION 2.1. New Lenders. Each of the New Lenders shall be
deemed to be a "Lender" under and for all purposes of the Credit Agreement and
each reference therein to "Lender" or "Lenders" shall be deemed to include the
New Lenders.
SECTION 2.2. Amendments to Article I. Article I of the Credit
Agreement is hereby amended as follows:
(a) by inserting the following new definitions in the
appropriate alphabetical order:
"'Amendment No. 1' means the First Amendment to
Credit Agreement, dated as of September 1, 1995, among the
Borrower, the Guarantor, the Lenders, and the Agent."
"'Co-Agents' means Citibank, N.A., Credit Suisse and
Royal Bank of Canada. The Co-Agents, in such capacity, have no
rights, duties or obligations under the Loan Documents."
(b) by amending the definition of "Percentage" in its
entirety to read as follows:
"'Percentage' means, relative to any Lender, the
percentage set forth opposite its signature to Amendment No. 1
or set forth in the Lender Assignment Agreement, as such
percentage may be adjusted from time to time pursuant to
Lender Assignment Agreement(s) executed by such Lender and its
Assignee Lender(s) and delivered pursuant to Section 10.11."
ARTICLE III
MISCELLANEOUS PROVISIONS
SECTION 3.1. Ratification of and References to the Credit
Agreement. This Amendment shall be deemed to be an amendment to the Credit
Agreement, and the Credit Agreement, as amended hereby, is hereby ratified,
approved and confirmed in each and every respect. All references to the Credit
Agreement in any other document, instrument, agreement or writing shall
hereafter be deemed to refer to the Credit Agreement as amended hereby.
SECTION 3.2. Headings. The various headings of this Amendment
are inserted for convenience only and shall not affect the meaning or
interpretation of this Amendment or any provisions hereof.
SECTION 3.3. Execution in Counterparts, Effectiveness, etc.
This Amendment may be executed by the parties hereto in several counterparts,
each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement. This Amendment shall become
effective when counterparts hereof executed on behalf each Obligor and each
Lender (or notice thereof satisfactory to the Agent) shall have been received by
the Agent and notice thereof shall have been given by the Agent to each Obligor
and each Lender.
SECTION 3.4. Governing Law; Entire Agreement. THIS AMENDMENT
AND EACH OTHER LOAN DOCUMENT EXECUTED IN CONNECTION HEREWITH SHALL EACH BE
DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE
STATE OF NEW YORK. This Amendment and the other Loan Documents constitute the
entire understanding among the parties hereto with respect to the subject matter
hereof and supersede any prior agreements, written or oral, with respect
thereto.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be executed by their respective officers thereunto duly authorized
as of the day and year first above written.
FRDK, INC.
By:/s/ Xxxxxxx X. Xxxxxxxx
Title: Vice President & Treasurer
By:/s/ Xxxx Xxxxxx
Title: Vice President & Secretary
Address: 0 Xxxxx Xxxxxxxx Xxxxx Xxxxxxx,
Xxxxxxx, Xxxxxx X0X 0X0
Facsimile No.: 000-000-0000
Attention: Xxxx X. Xxxxxx
with copies to:
Xxxxxxxxxx & Xxxxx LLP
00 Xxxxxxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Facsimile No.: 000-000-0000
Attention: Xxxxxx X. Xxxxxxxx
Xxxxx Corporation Limited
0 Xxxxx Xxxxxxxx Xxxxx
Xxxxxxx, Xxxxxxx, Xxxxxx
X0X 0X0
Facsimile No.: 000-000-0000
Attention: Xxxxx Xxxxxxxxx
XXXXX CORPORATION LIMITED
By:/s/ Xxxxx Xxxxxxxxx
Title: Vice President & Treasurer
By:/s/ Xxxxxxx Xxxxx
Title: Vice President, Taxation
Address: 0 Xxxxx Xxxxxxxx Xxxxx
Xxxxxxx, Xxxxxxx, Xxxxxx
X0X 0X0
Facsimile No.: 000-000-0000
Attention: Xxxxx Xxxxxxxxx
with copies to:
Xxxxxxxxxx & Xxxxx LLP
00 Xxxxxxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Facsimile No.: 000-000-0000
Attention: Xxxxxx X. Xxxxxxxx
THE BANK OF NOVA SCOTIA,
as Agent
By:/s/ A.S. Xxxxxxxxxx
Title: Assistant Agent
Address: 000 Xxxxxxxxx Xxxxxx, X.X.
Xxxxx 0000
Xxxxxxx, Xxxxxxx 00000
Facsimile No.: 000-000-0000
Attention: Xxxxxx Xxxxxxxxxx
with copies to:
The Bank of Nova Scotia
16/F 00 Xxxx Xxxxxx Xxxx
Xxxxxxx, Xxxxxxx X0X 0X0
Facsimile No.: 000-000-0000
Attention: Vice President,
Corporate Banking
Toronto
The Bank of Nova Scotia, Chicago
Representative Office
Suite 3700
000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Facsimile No.: 000-000-0000
Attention: Vice-President
CITIBANK, N.A., as Co-Agent
By:/s/ Xxxxxxxx Xxxxxxxxx
Title: Vice President
Address: Xxx Xxxxx Xxxxxx
0xx Xxxxx/Xxxx 0
Xxxx Xxxxxx Xxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxxx Xxxxxx
CREDIT SUISSE, acting through
its New York Branch, as Co-Agent
By:/s/ Xxxxxxx Xxxxx
Title: Member of Senior Management
By:/s/ Xxxxxxxx Xxxxxxx
Title: Associate
Address: 00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxxxx Xxxxxxx
ROYAL BANK OF CANADA, as Co-Agent
By:/s/ Xxxxxxx X. Xxxxx
Title: Senior Manager
Address: Xxx Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Manager Loans Admin.
with copy to:
Xxx Xxxxx Xxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxx, Xxxxxxxx 00000
Facsimile No: 000-000-0000
Attention: Xxxxxxx Xxxxx
PERCENTAGE LENDERS
11.8181818% THE BANK OF NOVA SCOTIA
By:/s/ A.S. Xxxxxxxxxx
Title: Assistant Agent
Domestic
Office: 000 Xxxxxxxxx Xxxxxx, X.X.
Xxxxx 0000
Xxxxxxx, Xxxxxxx 00000
Facsimile No.: 000-000-0000
Attention: Xxxxxx Xxxxxxxxxx
with copies to:
The Bank of Nova Scotia
16/F 00 Xxxx Xxxxxx Xxxx
Xxxxxxx, Xxxxxxx X0X 0X0
Facsimile No.: 000-000-0000
Attention: Vice President,
Corporate Banking
Toronto
The Bank of Nova Scotia, Chicago
Representative Office
Suite 3700
000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Facsimile No.: 000-000-0000
Attention: Vice-President
LIBOR
Office: 000 Xxxxxxxxx Xxxxxx, X.X.
Xxxxx 0000
Xxxxxxx, Xxxxxxx 00000
Facsimile No.: 000-000-0000
Attention: Xxxxxx Xxxxxxxxxx
with copies to:
The Bank of Nova Scotia
16/F 00 Xxxx Xxxxxx Xxxx
Xxxxxxx, Xxxxxxx X0X 0X0
Facsimile No.: 000-000-0000
Attention: Vice President,
Corporate Banking
Toronto
The Bank of Nova Scotia, Chicago
Representative Office
Suite 3700
000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Facsimile No.: 000-000-0000
Attention: Vice-President
10.0000000% CITIBANK, N.A.
By:/s/ Xxxxxxxx Xxxxxxxxx
Title: Vice President
Domestic
Office: Xxx Xxxxx Xxxxxx
0xx Xxxxx/Xxxx 0
Xxxx Xxxxxx Xxxx, XX 00000
Facsimile No.: 000-000-0000
Attention: Xxxxxxx Xxxxxx
LIBOR
Office: One Court Square
7th floor/Zone 0
Xxxx Xxxxxx Xxxx, XX 00000
Facsimile No.: 000-000-0000
Attention: Xxxxxxx Xxxxxx
CREDIT SUISSE, acting through
10.0000000% its New York Branch
By:/s/ Xxxxxxx Xxxxx
Title: Member of Senior Management
By:/s/ Xxxxxxxx Xxxxxxx
Title: Associate
Domestic
Office: 00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxxxx Xxxxxxx
LIBOR
Office: 00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxxxx Xxxxxxx
10.0000000% ROYAL BANK OF CANADA
By:/s/ Xxxxxxx X. Xxxxx
Title:
Domestic
Office: Xxx Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Manager Loans Admin.
with copy to:
Xxx Xxxxx Xxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxx, Xxxxxxxx, 00000
Facsimile No.: 000-000-0000
Attention: Xxxxxxx Xxxxx
LIBOR
Office: Xxx Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Manager Loans Admin.
with copy to:
Xxx Xxxxx Xxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxx, Xxxxxxxx, 00000
Facsimile No.: 000-000-0000
Attention: Xxxxxxx Xxxxx
DEUTSCHE BANK AS NEW YORK AND/OR
7.7272727% CAYMAN ISLANDS BRANCHES
By:/s/ Xxxxxxxxxxx X. Xxxx
Title: Vice President
By:/s/ Xxxx X. Xxxxxx
Title: Vice President
Domestic
Office: 00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx X. Xxxx
LIBOR
Office: 00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx X. Xxxx
THE INDUSTRIAL BANK OF JAPAN,
7.0000000% LIMITED, CHICAGO BRANCH
By:/s/ Xxxxxxx Xxxxxxxx
Title: Joint General Manager
Domestic
Office: 000 Xxxx Xxxxxx Xxxxxx
Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx Xxxxxx
with a copy to:
The Industrial Bank
of Japan (Canada)
Xxx 00, Xxxxx 0000
000 Xxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx, Xxxxxx
X0X 0X0
Attention: Xxxxxxxx McLeigh
Facsimile No.: 000-000-0000
LIBOR
Office: 000 Xxxx Xxxxxx Xxxxxx
Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx Xxxxxx
with copy to:
The Industrial Bank
of Japan (Canada)
Xxx 00, Xxxxx 0000
000 Xxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx, Xxxxxx
X0X 0X0
Attention: Xxxxxxxx McLeigh
Facsimile No.: 000-000-0000
7.7272727% NATIONSBANK OR GEORGIA, N.A.
By:/s/ Xxxxx X. Xxxxxx
Title: Vice President
Domestic
Office: 000 X. Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx Xxxxxx
LIBOR
Office: 000 X. Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx Xxxxxx
Other
Notices: 000 Xxxxxxxxx Xxxxxx, X.X.
00xx Xxxxx
Xxxxxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxx X. Xxxxxx
7.7272727% WACHOVIA BANK OF GEORGIA, N.A.
By:/s/ Xxxx X. Xxxxxxxx
Title: Senior Vice President & Group
Executive
Domestic
Office: 000 Xxxxxxxxx Xxxxxx, X.X.
Xxxxxxx, Xxxxxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx X. Xxxxxx
LIBOR
Office: 000 Xxxxxxxxx Xxxxxx, X.X.
Xxxxxxx, Xxxxxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx X. Xxxxxx
4.5454545% BANK OF MONTREAL
By:/s/ X.X. Xxxxxx
Title: Managing Director
By:
Title:
Domestic
Office: 000 Xxxxx Xx Xxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxx Xxx
LIBOR
Office: 000 Xxxxx Xx Xxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxx Xxx
4.5454545% BANQUE PARIBAS
By:/s/ Xxx X. Xxxxx
Title: Vice President
By:/s/ Xxxxxxx X. Xxxxxxx
Title: Vice President
Domestic
Office: 000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxx X'Xxxxx
LIBOR
Office: 000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxx X'Xxxxx
4.5454545% COMMERZBANK AG NEW YORK BRANCH
By:/s/ Xxxxx X. Xxxxx
Title: Vice President
By:/s/ Xxxx X. Xxxxxxxx
Title: Senior Vice President
Domestic
Office: 0 Xxxxx Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Facsimile No.: (000) 000-0000
Attention: Xxxxx Xxxxxxxx
LIBOR
Office: 0 Xxxxx Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Facsimile No.: (000) 000-0000
Attention: Xxxxx Xxxxxxxx
INSTITUTO BANCARIO SAN PAOLO
4.5454545% DI TORINO, SPA
By:/s/ Xxxxxxx X. XxXxxxxx
Title: First Vice President
By:/s/ Xxxxx Xxxxxxxx
Title: Vice President
Domestic
Office: 000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxx Xxxxxx
LIBOR
Office: 000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxx Xxxxxx
4.5454545% LTCB TRUST COMPANY
By:/s/ Xxxx XxXxxxx
Title: Senior Vice President
Domestic
Office: 000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxxx Xxxxx
LIBOR
Office: 000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxxx Xxxxx
4.5454545% MELLON BANK, N.A.
By:/s/ Xxxxxxx X. Xxxxxx
Title: Vice President
Domestic
Office: 0 Xxxxxx Xxxx Xxxxxx
Xxxxxxxxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: Samford Xxxxxxxx
LIBOR
Office: 0 Xxxxxx Xxxx Xxxxxx
Xxxxxxxxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: Samford Xxxxxxxx
