Exhibit 99.4
AMENDMENT NO. 1 TO AMENDED AND RESTATED NOTE PURCHASE AGREEMENT
This AMENDMENT NO. 1 TO AMENDED AND RESTATED NOTE PURCHASE AGREEMENT, dated
as of July 29, 2008 (this "Amendment") is made among CONN FUNDING II, L.P. (the
"Issuer"), CONN APPLIANCES, INC., THREE PILLARS FUNDING LLC (f/k/a Three Pillars
Funding Corporation), JPMORGAN CHASE BANK, N.A., PARK AVENUE RECEIVABLES
COMPANY, LLC and SUNTRUST ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, INC. Capitalized terms used and not
otherwise defined in this Amendment are used as defined in that certain Base
Indenture, dated as of September 1, 2002, as amended from time to time, between
the Issuer and the ▇▇▇▇▇ Fargo Bank, National Association (successor by merger
to ▇▇▇▇▇ Fargo Bank Minnesota, National Association), as Trustee (the "Trustee")
or, if not defined therein, in that certain Amended and Restated Series 2002-A
Supplement, dated as of September 10, 2007, as amended from time to time,
between the Issuer and the Trustee.
Background
A. The parties hereto have entered into the Amended and Restated Note
Purchase Agreement, dated as of September 10, 2007, among the parties hereto (as
amended from time to time, the "Note Purchase Agreement") to finance the
purchase of Receivables by the Issuer from Conn Appliances, Inc. (as successor
by merger to CAI, L.P.).
B. The parties hereto wish to amend the Note Purchase Agreement.
C. The parties hereto are willing to agree to such an amendment, all as set
out in this Amendment.
Agreement
1. Amendments of the Note Purchase Agreement.
(a) Section 1 of the Note Purchase Agreement is hereby amended by adding
the following definition in appropriate alphabetical order:
"ABL Facility" means any loan facility secured by the indebtedness of
any obligor under contracts originated by the Parent or any of its
Affiliates related to any retail installment sale contract in
connection with a sale of (i) home appliances, electronic goods,
computers, telephones and other goods and merchandise of the type sold
by the Parent or any of its Affiliates from time to time in the
ordinary course of business, which in each case constitute "consumer
goods" under and as defined in Article 9 of the UCC of all applicable
jurisdictions, (ii) service maintenance contracts and services in
respect of any goods or merchandise referred to in clause (i) above,
and (iii) credit insurance (including life, disability, property and
involuntary unemployment) in respect of any goods or merchandise
referred to in clause (i) above or any obligor's payment obligations
in respect of the receivable (collectively, "Pool Merchandise") and
all amounts due thereunder from time to time or any retail revolving
charge account agreement with an obligor pursuant to which such
obligor is obligated to pay for Pool Merchandise purchased under a
credit plan and permits such obligor to purchase such Pool Merchandise
on credit; other than the Receivables.
(b) Section 1 of the Note Purchase Agreement is hereby amended by amending
and restating the following definition in its entirety:
"Tranche A Purchase Expiration Date" means the earlier of (i) August
15, 2008 (as such date may be extended from time to time pursuant to
Section 2.4) or (ii) the execution of agreements related to an ABL
Facility.
2. Tranche C Expiration. Each party hereto acknowledges and agrees that the
Tranche C Purchase Expiration Date has occurred and will not be extended.
3. Binding Effect; Ratification. This Amendment shall become effective, as
of the date first set forth above, when the Administrator shall have received
counterparts hereof and thereafter shall be binding on the parties hereto and
their respective successors and assigns.
(a) On and after the execution and delivery hereof, this Amendment shall be
a part of the Note Purchase Agreement and each reference in the Note Purchase
Agreement to "this Note Purchase Agreement" or "hereof", "hereunder" or words of
like import, and each reference in any other Transaction Document to the Note
Purchase Agreement shall mean and be a reference to such Note Purchase Agreement
as amended hereby.
(b) Except as expressly amended hereby, the Note Purchase Agreement shall
remain in full force and effect and is hereby ratified and confirmed by the
parties hereto.
4. Miscellaneous. (a) THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. EACH OF THE PARTIES TO THIS
AMENDMENT AGREES TO THE NON-EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT
COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY APPELLATE COURT HAVING
JURISDICTION TO REVIEW THE JUDGMENTS THEREOF. EACH OF THE PARTIES HERETO HEREBY
WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS AND ANY OBJECTION TO VENUE OF
ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS AND CONSENTS
TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY
SUCH COURT.
(b) Headings used herein are for convenience of reference only and shall
not affect the meaning of this Amendment.
(c) This Amendment may be executed in any number of counterparts, and by
the parties hereto on separate counterparts, each of which shall be an original
and all of which taken together shall constitute one and the same agreement.
[Signature Page Follows]
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
by their respective officers thereunto duly authorized, as of the date first
above written.
CONN FUNDING II, L.P., as Issuer
By: Conn Funding II GP, L.L.C., its general
partner
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Treasurer
CONN APPLIANCES, INC.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Senior Vice President and Treasurer
S-1 Amendment No. 1 to
Note Purchase Agreement
THREE PILLARS FUNDING LLC,
as a Conduit Purchaser
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
SUNTRUST ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, INC.,
as Administrator
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: Managing Director
S-2 Amendment No. 1 to
Note Purchase Agreement
JPMORGAN CHASE BANK, N.A., as a Committed
Purchaser and Funding Agent
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇
Title: Vice President
PARK AVENUE RECEIVABLES COMPANY LLC, as a
Conduit Purchaser
By: JPMorgan Chase Bank, N.A.,
its attorney-in-fact
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇
Title: Vice President
S-3 Amendment No. 1 to
Note Purchase Agreement