New Horizons Worldwide Inc – Amended and Restated Waiver and Modification Agreement (October 7th, 2005)
This Amended and Restated Waiver and Modification Agreement (this Agreement) dated as of October ___, 2005, is made with reference to (a) the Credit Agreement dated as of February 27, 2003, by and among NEW HORIZONS WORLDWIDE, INC., a Delaware corporation (Borrower), the lenders that are party thereto (the Lenders), and WELLS FARGO BANK, NATIONAL ASSOCIATION (the Administrative Agent), as administrative agent for the Lenders (as amended, supplemented or otherwise modified from time to time, the Credit Agreement), (b) the Third Amendment to Credit Agreement, dated as of July 25, 2005, by and among Borrower, the Lenders and the Administrative Agent (Amendment No. 3), and (c) the Waiver and Modification Agreement dated as of August 24, 2005 by and among Borrower, the Lenders and the Administrative Agent (the Original Modification Agreement). Capitalized terms used herein and not otherwise defined shall have the meanings set forth for such terms in the Credit Agreement.
New Horizons Worldwide Inc – January 24, 2005 5568 Shannon Ridge Lane San Diego, CA 92130 Dear Jeff: (February 11th, 2005)
We are pleased to confirm the principal terms of your employment as Senior Vice President, Finance, and Chief Financial Officer of New Horizons Worldwide, Inc. with a start date to be agreed upon.