MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • February 8th, 2006 • Navarre Corp /Mn/ • Wholesale-computers & peripheral equipment & software • Minnesota
THIS MEMORANDUM OF UNDERSTANDING is made and entered into as of this 7th day of February, 2006, by and among FUNimation Productions Management, LLC, a limited liability company organized and existing under the laws of Texas (“FUN Seller”), FUNimation General Partnership, a Texas general partnership organized and existing under the laws of Texas (“GP Seller”), FUNimation Management Company, LLC, a limited liability company organized and existing under the laws of Texas (“Management Seller”), each individual (“Individual”) signatory hereto, (each of FUN Seller, GP Seller, Management Seller, and each Individual a “Seller” and collectively, the “Sellers”), FUNimation Productions, Ltd., a limited partnership organized and existing under the laws of Texas, The FUNimation Store, Ltd., a limited partnership organized and existing under the laws of Texas (respectively, “Productions Company” and “Store Company” each a “Company” and collectively, the “Companies”), and Daniel Cocanougher as the re
LIMITED WAIVER AND SECOND AMENDMENT WITH RESPECT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • February 8th, 2006 • Navarre Corp /Mn/ • Wholesale-computers & peripheral equipment & software • Illinois
This LIMITED WAIVER AND SECOND AMENDMENT WITH RESPECT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Waiver and Amendment”) is entered into as of this 7th day of February, 2006, by NAVARRE CORPORATION, a Minnesota corporation (“Borrower”), the Credit Parties signatory hereto, GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as agent (the “Agent”) for itself and the Lenders under and as defined in the Credit Agreement (as hereinafter defined), and the Lenders. Unless otherwise specified herein, capitalized terms used in this Waiver and Amendment shall have the meanings ascribed to them by the Credit Agreement.
