1 EXHIBIT 10.6 [EXECUTION COPY] THIRD AMENDMENT TO PLEDGE AND SECURITY AGREEMENT THIRD AMENDMENT TO PLEDGE AND SECURITY AGREEMENT, dated as of July 2, 2000, between BARNES & NOBLE, INC., a corporation duly organized and validly existing under the laws...
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EXHIBIT 10.6 [EXECUTION COPY]
THIRD AMENDMENT TO PLEDGE AND SECURITY AGREEMENT
THIRD AMENDMENT TO PLEDGE AND SECURITY AGREEMENT, dated as of July 2,
2000, between XXXXXX & XXXXX, INC., a corporation duly organized and validly
existing under the laws of the State of Delaware (the "Company"); each of the
Subsidiaries of the Company identified under the caption "SUBSIDIARY GUARANTORS"
on the signature pages hereof (individually, a "Subsidiary Guarantor" and,
collectively, the "Subsidiary Guarantors" and, together with the Company, the
"Obligors"); and THE CHASE MANHATTAN BANK, as agent for the lenders or other
financial institutions or entities party, as lenders, to the Credit Agreement
referred to below (in such capacity, together with its successors in such
capacity, the "Administrative Agent").
The Company, the Subsidiary Guarantors, certain lenders and the
Administrative Agent are parties to a Amended and Restated Credit Agreement
dated as of November 18, 1997 (as modified and supplemented and in effect from
time to time, the "Amended and Restated Credit Agreement"), providing, subject
to the terms and conditions thereof, for extensions of credit (by making of
loans and issuing letters of credit) to be made by said lenders to the Company
in an aggregate principal or face amount not exceeding $850,000,000 (as that
amount may be increased as provided therein). The Obligors and the Agent wish to
amend the Security Agreement referred to in the Amended and Restated Credit
Agreement in certain respects and, accordingly, agree as follows:
Section 1. Definitions. Except as otherwise defined in this Amendment,
terms defined in the Amended and Restated Credit Agreement are used herein as
defined therein.
Section 2. Amendments. Subject to the satisfaction of the conditions
precedent specified in Section 3 below, but effective as of the date hereof, the
Annexes to the Security Agreement shall be amended as follows:
(a) Annex 1. Annex 1 to the Security Agreement shall be
amended in its entirety to read as Annex 1 hereto.
(b) Annex 2. Annex 2 to the Security Agreement shall be
amended in its entirety to read as Annex 2 hereto.
(c) Annex 3. Annex 3 to the Security Agreement shall be
amended in its entirety to read as Annex 3 hereto.
(d) Annex 4. Annex 4 to the Security Agreement shall be
amended in its entirety to read as Annex 4 hereto.
(e) Annex 5. Annex 5 to the Security Agreement shall be
amended in its entirety to read as Annex 5 hereto.
Section 2. Conditions Precedent. As provided in Section 2 above, the
amendments set forth in Section 2 shall become effective, as of the date hereof,
upon the due execution and delivery of this Amendment by the Obligors and the
Agent.
Section 3. Miscellaneous. Except as herein provided, the Security
Agreement shall remain unchanged and in full force and effect. This Amendment
may be executed in any number of counterparts, all of which taken together shall
constitute one and the same amendatory instrument and any of the parties hereto
may execute this Amendment by signing any such counterpart. This Amendment shall
be governed by, and construed in accordance with, the internal laws of the State
of New York.
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IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment
to be duly executed and delivered as of the day and year first above written.
XXXXXX & XXXXX, INC.
By /s/ Xxxxxxx X'Xxxxxxx
-----------------------------------------------------
Title: Xxxxxxx X'Xxxxxxx, Chief Financial Officer
SUBSIDIARY GUARANTORS
X. XXXXXX BOOKSELLER, INC.
By /s/ Xxxxxxx X'Xxxxxxx
-----------------------------------------------------
Title: Xxxxxxx X'Xxxxxxx, Vice President
XXXXXX & XXXXX BOOKSELLERS, INC.
By /s/ Xxxxxxx X'Xxxxxxx
-----------------------------------------------------
Title: Xxxxxxx X'Xxxxxxx, Vice President
MABO BOOKS CORP.
(formerly known as Marboro Books Corp.)
By /s/ Xxxxxxx X'Xxxxxxx
-----------------------------------------------------
Title: Xxxxxxx X'Xxxxxxx, Vice President
DOUBLEDAY BOOK SHOPS, INC.
By /s/ Xxxxxxx X'Xxxxxxx
-----------------------------------------------------
Title: Xxxxxxx X'Xxxxxxx, Vice President
CCI HOLDINGS, INC.
By /s/ Xxxxxxx X'Xxxxxxx
-----------------------------------------------------
Title: Xxxxxxx X'Xxxxxxx, Vice President
BABBAGE'S ETC. LLC
By /s/ Xxxxxxx Xxxxxx
------------------------------------------------------
Title: Xxxxxxx Xxxxxx, Manager
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VENDAMERICA, INC.
By /s/ Xxxxxxx X'Xxxxxxx
-----------------------------------------------------
Title: Xxxxxxx X'Xxxxxxx, Vice President
FUNCO, INC.
By /s/ Xxxxxxx X'Xxxxxxx
-----------------------------------------------------
Title: Xxxxxxx X'Xxxxxxx, Vice President
SUNRISE PUBLICATIONS, INC.
By /s/ Xxxxxxx X'Xxxxxxx
-----------------------------------------------------
Title: Xxxxxxx X'Xxxxxxx, Vice President
THE CHASE MANHATTAN BANK, as Administrative Agent
By /s/ Xxxxx X. Xxxxxxx
-----------------------------------------------------
Title: Vice President
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ANNEX 1
PLEDGED STOCK
XXXXXX & NOBLE, INC.
Certificate Registered
Issuer Nos. Owner Number of Shares
------ ---- ----- ----------------
X. Xxxxxx Bookseller, C-1 Xxxxxx & Noble, Inc. 360 shares of common stock,
Inc. par value $100
Xxxxxx & Xxxxx 1 Xxxxxx & Noble, Inc. 100 shares of common stock,
Booksellers, Inc. par value $1
Mabo Books Corp. 4 Xxxxxx & Xxxxx, Inc. 10 shares of common stock, no
par value
CCI Holdings, Inc. 1 Xxxxxx & Noble, Inc. 3,000 shares of common stock,
par value $1
B&N. Sub Corp 1 Xxxxxx & Xxxxx, Inc. 100 shares of common stock,
par value $1
X. XXXXXX BOOKSELLER, INC.
Certificate Registered
Issuer Nos. Owner Number of Shares
------ ---- ----- ----------------
Doubleday Book Shops, 5 X. Xxxxxx 1,000 shares of common stock,
Inc. Bookseller, Inc. par value $1
Vendamerica, Inc. 2 X. Xxxxxx 1,000 shares of common stock,
Bookseller, Inc. no par value
Funco, Inc. 2400 X. Xxxxxx 1,000 shares of common stock,
Bookseller, Inc. par value $.01
XXXXXX & NOBLE BOOKSELLERS, INC.
NONE
MABO BOOKS CORP.
NONE
DOUBLEDAY BOOK SHOPS, INC.
NONE
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CCI HOLDINGS, INC.
NONE
BABBAGE'S ETC. LLC.
NONE
VENDAMERICA, INC
NONE
FUNCO, INC.
Certificate Registered
Issuer Nos. Owner Number of Shares
------ ---- ----- ----------------
Babbage's Etc. LLC N/A Funco, Inc. 100% Membership Interest
Sunrise Publications, Inc. 1 Funco, Inc. 1,000,000 shares of common
stock, par value $.01
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ANNEX 2
LIST OF PATENTS AND PATENT APPLICATIONS
XXXXXX & XXXXX, INC.
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
X. XXXXXX BOOKSELLER, INC.
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
XXXXXX & XXXXX BOOKSELLERS, INC.
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
MABO BOOKS CORP.
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
DOUBLEDAY BOOK SHOPS, INC.
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
CCI HOLDINGS, INC.
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
BABBAGE'S ETC. LLC
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
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VENDAMERICA, INC.
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
FUNCO, INC.
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
SUNRISE PUBLICATIONS, INC.
File Patent Country Registration No. Date
---- ------ ------- ---------------- ----
NONE
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ANNEX 3
LIST OF TRADE NAMES, TRADEMARKS, SERVICES MARKS,
TRADEMARK AND SERVICE XXXX REGISTRATIONS AND
APPLICATIONS FOR TRADEMARK AND SERVICE XXXX REGISTRATIONS
A. U.S. TRADEMARKS
XXXXXX & XXXXX, INC.
Application (A)
Registration (R)
Xxxx or Series (S) No.
---- -----------------
1873 Press 75/857,302(A)
1873 Press 75/857,304(A)
1873 Press 75/857,305(A)
1873 Press and Colophon 75/887,883(A)
1873 Press Colophon 75/857,882(A)
Blink 75/320,806(A)
The Book Lover's Second Home 1,930,860(R)
Classics to Read By 75/793,114(A)
Discover Great New Writers 2,119,401(R)
Discover Great New Writers 2,119,402(R)
Discover Great New Writers 2,119,413(R)
Explorations 75/914,447(A)
Meet Me at Xxxxxx & Xxxxx 1,910,598(R)
Nite Reader 2,105,941(R)
Now What?! 75/853,137(A)
Premier Music (Design) 1,903,140(R)
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Punctuate! 75/841,046(A)
Xxxxxx Notes 75/912,951(A)
Read Only 75/892,798(A)
Silver Lining Books 75/635,541(A)
What Are You Reading? 2,126,136(R)
X. XXXXXX BOOKSELLER, INC.
Application (A)
Registration (R)
Xxxx or Series (S) No.
---- -----------------
Books Xxxxxx 1,667,902 (R)
X. Xxxxxx Xx. 1,684,036 (R)
X. Xxxxxx Xx. (Design) 1,667,039 (R)
Booksavers 1,597,933 (R)
P.B. Pages 1,814,553 (R)
X. Xxxxxx'x 1,293,494 (R)
Xxxxxx & Noble Jr.
(Design) 1,609,403 (R)
Xxxxxx & Noble Jr. 1,606,005 (R)
X. Xxxxxx Bookseller 846,824 (R)
X. Xxxxxx 1,158,498 (R)
Hooked on Books 1,147,660 (R)
People Who Know Books
Know X. Xxxxxx 1,306,552 (R)
Amaranth Press 1,404,928 (R)
Pickwick 1,047,832 (R)
Lamp of Learning
(Design) 1,607,811 (R)
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XXXXXX & NOBLE BOOKSELLERS, INC.
Application (A)
Registration (R)
Xxxx or Series (S) No.
---- -----------------
Bookstar (Design) 1,558,604 (R)
Amaranth Press 1,404,928(R)
MABO BOOKS CORP.
Application (A)
Registration (R)
Xxxx or Series (S) No.
---- -----------------
NONE
CCI HOLDINGS, INC.
Application (A)
Registration (R)
Xxxx or Series (S) No.
---- -----------------
NONE
DOUBLEDAY BOOK SHOPS, INC.
Application (A)
Registration (R)
Xxxx or Series (S) No.
---- -----------------
The Old Corner (Mass.) 0025314 (R)
Bookstore
Books of All Publishers
Since 1910 (and Design) 1,516,823 (R)
BABBAGE'S ETC. LLC
Application (A)
Registration (R)
Xxxx or Series (S) No.
---- -----------------
Babbage's 1,345,315 (R) and
1,569,315 (R)
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America's Software for 1,547,310 (R) and
the Home 1,553,597 (R)
Babbage's Software for 1,345,205 (R)
the Home
Gamestop 1,707,460 (R)
VENDAMERICA, INC.
Application (A)
Registration (R)
Xxxx or Series (S) No.
---- -----------------
NONE
FUNCO,INC.
More Video Games at Half the Price 2,226,903 (R)
FuncoLand (Stylized Letters) 2,085,805 (R)
FuncoLand National Video Game 2,061,504 (R)
Championships
America's Place to Shop for Video Games 1,962,954 (R)
FuncoLand Fun Club 1,876,618 (R)
FuncoLand Your Source for Interactive 1,896,591 (R)
Entertainment
Bring Home the Fun 1,806,603 (R)
Experience the Fun at FuncoLand 1,798,387 (R)
Funco 1,796,605 (R)
FuncoLand 1,796,604 (R)
Funco Land 1,708,866 (R)
Sunrise Publications 1,999,100 (R)
Game Informer 1,788,102 (R)
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SUNRISE PUBLICATIONS, INC.
None
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U.S. TRADENAMES
XXXXXX & NOBLE, INC.
Name
NONE
X. XXXXXX BOOKSELLER, INC.
Name
NONE
XXXXXX & NOBLE BOOKSELLERS, INC.
Name
Bookstop
MABO BOOKS CORP.
Name
NONE
DOUBLEDAY BOOK SHOPS, INC.
Name
NONE
CCI HOLDINGS, INC.
Name
NONE
BABBAGE'S ETC. LLC
Name
Software Etc.
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VENDAMERICA, INC.
Name
NONE
FUNCO, INC.
Name
NONE
SUNRISE PUBLICATIONS, INC.
Name
NONE
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B. FOREIGN TRADEMARKS
XXXXXX & XXXXX, INC.
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
X. XXXXXX BOOKSELLER, INC.
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
XXXXXX & XXXXX BOOKSELLERS, INC.
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
MABO BOOKS CORP.
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
DOUBLEDAY BOOK SHOPS, INC.
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
CCI HOLDINGS, INC.
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
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BABBAGE'S ETC. LLC
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
VENDAMERICA, INC.
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
FUNCO, INC.
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
SUNRISE PUBLICATIONS, INC.
Application (A) Registration or
Xxxx Registration (R) Country Filing Date (F)
---- ---------------- ------- ---------------
NONE
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ANNEX 4
LIST OF CONTRACTS, LICENSES AND OTHER AGREEMENTS
RELATING TO INTELLECTUAL PROPERTY
XXXXXX & XXXXX, INC.
License Agreement dated as of February 11, 1989 between Xxxxxx & Noble College
Bookstores, Inc. and Xxxxxx & Xxxxx Discount Bookstores, Inc. (a predecessor of
X. Xxxxxx Bookseller, Inc.), and Consents to License Agreement Assignments,
dated as of November 18, 1988 and November 16, 1992, respectively.
X. XXXXXX BOOKSELLER, INC.
Letter Agreement dated as of February 21, 1989 from Xxxxxxxx'x Book Companies,
Inc. and MacMillan, Inc. to X. Xxxxxx Bookseller, Inc.
XXXXXX & NOBLE BOOKSELLERS, INC.
NONE
MABO BOOKS CORP.
NONE
DOUBLEDAY BOOK SHOPS, INC.
Trade Xxxx and Service Xxxx License dated as of May 31, 1990 between Bantam
Doubleday Dell Publishing Group, Inc. and Doubleday Book Shops, Inc.
CCI HOLDINGS, INC.
NONE
BABBAGE'S ETC. LLC
NONE
VENDAMERICA, INC.
NONE
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FUNCO, INC.
NONE
SUNRISE PUBLICATIONS, INC.
NONE
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ANNEX 5
LIST OF LOCATIONS
XXXXXX & XXXXX, INC. X. XXXXXX BOOKSELLER, INC.
1. 000 Xxxxx Xxxxxx 1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx 2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, XX 00000 Xxxxxxxx, XX 00000
XXXXXX & XXXXX BOOKSELLERS, INC. 3. 000 Xxxxxxxxx Xxxxxx Xxxxxxxxx
Xxxxxxxxx, XX 00000
1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000 4. 000 Xxxxxx Xxxxx
Xxxxxxxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, XX 00000 5. 000 Xxxxxx Xxxxx
Xxxxxxxxx, XX 00000
MABO BOOKS CORP.
1. 000 Xxxxx Xxxxxx CCI HOLDINGS, INC.
Xxx Xxxx, XX 00000
1. 000 Xxxxx Xxxxxx
2. 0000 Xxx Xxxxxxx Xxxx Xxx Xxxx, XX 00000
Xxxxxxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx
3. Xxx Xxxx Xxxx Xxxxxxxx, XX 00000
Xxxxxxxxx, XX 00000
3. 0000 Xxxxxxxx Xxxx
DOUBLEDAY BOOK SHOPS, INC. Xxxxxx, XX 00000
1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, XX 00000
BABBAGE'S ETC. LLC
1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, XX 00000
3. 0000 Xxxxxxx X. Xxxx Xxxxxx
Xxxxxxxxx, XX 00000
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VENDAMERICA, INC
1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, XX 00000
3. 0000 Xxxxxxx X. Xxxx Xxxxxx
Xxxxxxxxx, XX 00000
FUNCO,INC.
1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, XX 00000
3. 00000 Xxxx 00xx Xxxxxx
Xxxx Xxxxxxx, XX 00000
SUNRISE PUBLICATIONS, INC.
1. 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
2. 0000 Xxx Xxxxxxx Xxxx
Xxxxxxxx, XX 00000
3. 00000 Xxxx 00xx Xxxxxx
Xxxx Xxxxxxx, XX 00000
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