FLORISTS’ TRANSWORLD DELIVERY, INC. 3113 Woodcreek Drive Downers Grove, Illinois 60515 June 28, 2002Modification of Employment Arrangements • September 12th, 2002 • FTD Inc • Services-business services, nec • Illinois
This letter agreement (this “Agreement”) sets forth the agreement of Florists’ Transworld Delivery, Inc., a Michigan corporation (the “Assignee”), FTD.COM INC., a Delaware corporation (the “Assignor”), and William J. Van Cleave (the “Executive” and collectively with the Assignee and the Assignor, the “Parties”) relating to the assignment and assumption of the Executive’s employment from the Assignor to the Assignee.
August 13, 2002Waiver Letter • September 12th, 2002 • FTD Inc • Services-business services, nec
We refer to that certain Credit Agreement (as amended, the “Credit Agreement”) dated as of September 27, 2001 among you (the “Borrower”), IOS Brands Corporation (the “Parent”), certain Subsidiaries, the Lenders and Harris Trust and Savings Bank, as administrative agent (the “Agent”). All capitalized terms used herein without definition shall have the same meanings as such terms have in the Credit Agreement. We specifically refer to Section 8.22 of the Credit Agreement, the Total Funded Debt/EBITDA Ratio. Notwithstanding anything contained in the Credit Agreement to the contrary, by our execution below, we hereby specifically waive any violation of Section 8.22, and any Default or Event of Default which would otherwise be caused thereby, for the fiscal quarter of the Parent ended on June 30, 2002, provided that it is a condition to the effectiveness of this waiver that (i) the actual Total Funded Debt/EBITDA Ratio for the fiscal quarter of the Parent ended June 30, 2002 shall not have b
