FIRST AMENDMENT AND WAIVER TO REVOLVING CREDIT AND SECURITY AGREEMENTRevolving Credit and Security Agreement • October 31st, 2011 • Skullcandy, Inc. • Household audio & video equipment • New York
This First Amendment and Waiver to Revolving Credit and Security Agreement (the “Amendment”) is made this 25th day of October 2011 by and among SKULLCANDY, INC., a Delaware corporation (“Skullcandy”), AG ACQUISITION CORPORATION, a Delaware corporation (“AG”, together with Skullcandy, the “Borrowers” and each a “Borrower”), the financial institutions which are now or which hereafter become a party hereto as lenders (the “Lenders”), UPS CAPITAL CORPORATION, a Delaware corporation (“UPSC”), as foreign collateral agent for the Lenders (in such capacity, the “Foreign Collateral Agent”), and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as administrative agent for the Lenders (in such capacity, the “Administrative Agent” and together with Foreign Collateral Agent, each, an “Agent” and, collectively, the “Agents”).
