Lamonts Apparel Inc Watch

from 10-Q ~20 pages Ex 10.1 Second Amendment to Loan and Security Agr.

from 10-Q >50 pages Exhibit 10.1 Loan Agreement

from 10-K 1 page <page> November 2, 1994 Earle J. Spokane Lamonts Apparel, Inc. 3650 131st Avenue Se Bellevue, Wa 98006 Dear Earle: I Would Like to Apologize for the Time That It Has Taken for US to Reply to You. After Carefully Going Through All of the Numbers We Have Come Up With the Following Proposed Amendment to the Credit Card Plan Agreement Dated September 30, 1992, as Amended (The "Agreement") Between Lamonts Apparel, Inc. ("You") and National City Bank, Columbus ("We"). for the Remaining 1994 Year End, We Feel That the Amount That Has Been Projected Should Be Achieved. if the Amount Is Not Achieved, We Will Adjust the 1994 Calendar Year Minimum Level as Provided in 3.6(e) of the Agreement for the Impact of the Closed Stores for 1994. Effective Beginning With the 1995 Calendar Year, We Will Adjust the Minimum Level Provided for in Section 3.6(e) of the Agreement From $51,000,000.00 to $48,000,000.00 in the Event That You Close Additional Company Stores, We May Further Decrease the Minimum Level. However, in the Event That You Open Company Stores, You Agree That We Can Increase the Minimum Level to Provide for Credit's Normal Proportional Share of the New Store Sales. the Amendment Contained in This Letter Is Limited Precisely as Written and Should Not Be Considered to Be a Consent or Waiver of Any Term or Condition of the Plan Agreement or Any Other Document Referred to Thereon. Except as Expressly Provided Herein, the Terms and Provisions of the Agreement Shall Remain in Full Force and Effect. if You Agree to the Terms of This Amendment to the Agreement Please Have an Authorized Represented Sign and Return the Enclosed Copy of This Amendment. Sincerely, National City Bank By: Its: <page> November 2, 1994 Earle J. Spokane Page 2 Acknowledged and Agreed This ___ Day of November, 1994, by Lamonts Apparel, Inc. Lamonts Apparel, Inc. By: Its

from 10-K 1 page <page> via Federal Express October 13, 1994 Lamonts Apparel, Inc. 3650 131st Avenue Se Bellevue, Wa. 98006 Attn: Mr. Earl Spokane Re: Lamonts Apparel, Inc. ("Borrower") Gentlemen: Reference Is Hereby Made to That Certain Loan and Security Agreement by and Between Foothill Capital Corporation ("Foothill") and Lamonts Apparel, Inc. ("Borrower") Dated as of January 13, 1994 (As Amended and Supplemented, the "Agreement"). Foothill Is in Receipt of Your Request for It to Grant, and Hereby Grants, a Temporary Increase in the "Maximum Amount" That May Be Advanced Under the Agreement During the Period From October 1, 1994, Through December 31, 1994, From $28,000,000 to $31,000,000. This Facility Shall Be Available to Borrower as an Accommodation by Foothill From October 1, 1994 Through December 31, 1994 Only. Borrower Agrees to Pay Foothill an Overline Fee in the Amount of $30,000 Upon Execution of the Acknowledgment Copy of This Letter, and Said Fee Shall Be Earned at the Time of Payment and Shall Be Non-Refundable. <page> Lamonts Apparel, Inc. October 13, 1994 Page Two Foothill's Granting of Said Accommodation Does Not Affect or Diminish Foothill's Rights Hereafter to Require Strict Performance by Borrower of Each Provision of the Agreement. Foothill's Rights and Remedies Under the Agreement Shall Continue in Full Force and Effect and the Consequences of Any Act or Failure to Act on the Part of Borrower Which Would Constitute an Event of Default as Defined in the Agreement Are Not Waived, Except as Contemplated by That Certain Waiver Executed Concurrently Herewith. if All the Foregoing Correctly and Accurately Sets Forth Our Understanding, Please Acknowledge by Signing in the Space Provided Below. Sincerely, Agreed to This ___ Day of October, 1994. Foothill Capital Corporation Lamonts Apparel, Inc. Lisa M. Gonzales by Assistant Vice President Its