SEVENTH AMENDMENT TO CREDIT AND GUARANTY AGREEMENTCredit and Guaranty Agreement • June 2nd, 2008 • Handleman Co /Mi/ • Wholesale-durable goods, nec • New York
SEVENTH AMENDMENT TO CREDIT AND GUARANTY AGREEMENT, dated as of May 30, 2008 (this “Amendment”), to the Credit and Guaranty Agreement, dated as of April 30, 2007 (as amended, restated, supplemented or modified from time to time, the “Credit Agreement”), by and among Handleman Company, a Michigan corporation (“Holdings”), Handleman Services Company, a Michigan corporation (“Handleman Services”), certain subsidiaries of Holdings identified on the signature page hereto as “Borrowers” (such Subsidiaries, together with Handleman Services, are referred to individually as a “Borrower” and collectively, jointly and severally, as “Borrowers”), certain subsidiaries of Holdings identified on the signature page hereto as “Guarantors” (such subsidiaries, together with Holdings, are referred to individually as a “Guarantor” and collectively, jointly and severally, as “Guarantors”), the lenders party hereto from time to time (“Lenders”), and Silver Point Finance, LLC (“Silver Point”), as administrati
Chicago Dallas Detroit New York San FranciscoHandleman Co /Mi/ • June 2nd, 2008 • Wholesale-durable goods, nec
This letter represents the second addendum (the “Second Addendum”) to the agreement between AP Services, LLC, a Delaware limited liability company (“APS”) and Handleman Company (“Handleman” or the “Company”) dated November 26, 2007 (the “Engagement Letter.”) Unless otherwise modified herein, the terms and conditions of the Engagement Letter remain in full force and effect.
Asset Purchase Agreement (WMS Related Assets) Dated as of June 2, 2008 Between Handleman Company, as Seller and Anderson Merchandisers, L.P., as PurchaserAsset Purchase Agreement • June 2nd, 2008 • Handleman Co /Mi/ • Wholesale-durable goods, nec • Michigan
This Asset Purchase Agreement (this “Agreement”) is made effective as of June 2, 2008 (the “Effective Date”) by and between Handleman Company (“Seller”), a Michigan corporation, with offices at 500 Kirts Boulevard, Troy, MI 48084, and Anderson Merchandisers, L.P. (“Purchaser”), a Texas limited partnership, with offices at 421 S.E. 34th Avenue, Amarillo, TX 79103.
SEVENTH AMENDMENT TO CREDIT AGREEMENT AND CONSENTCredit Agreement and Consent • June 2nd, 2008 • Handleman Co /Mi/ • Wholesale-durable goods, nec • New York
This SEVENTH AMENDMENT TO CREDIT AGREEMENT AND CONSENT, dated as of May 30, 2008 (this “Amendment”), by and among Handleman Company, a Michigan corporation (“Holdings”), Handleman Services Company, a Michigan corporation (“Handleman Services”), the other subsidiaries of Holdings identified on the signature page hereto as “Borrowers” (such Subsidiaries, together with Handleman Services, are referred to individually as a “Borrower” and collectively, jointly and severally, as “Borrowers”), certain subsidiaries of Holdings identified on the signature page hereto as “Credit Parties” (“Credit Parties”), the Lenders (as defined below) party hereto, and General Electric Capital Corporation (“GE Capital”), as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, “Agent”).
