Exhibit 10.1
FIRST MODIFICATION TO REVOLVING CREDIT AGREEMENT
ThisFIRST MODIFICATION TO REVOLVING CREDIT AGREEMENT(“Agreement”) made and entered into as of the 26th day of January, 2004, by and betweenPANERA, LLC(“Borrower”), andBANK OF AMERICA, N.A.,a national banking association (“Lender”).
W I T N E S S E T H:
WHEREAS, on December 19, 2003, Borrower and Lender consummated that certain loan (the “Loan”) evidenced by a certain Revolving Credit Note dated December 19, 2003 made by Borrower to the order of Lender in the original principal amount of $10,000,000.00 (hereinafter “Note”) and that certain Revolving Credit Agreement dated December 19, 2003, to and in favor of Lender (the “Credit Agreement”);
WHEREAS, Borrower and Lender have agreed to modify the Credit Agreement to include exhibits as hereinafter provided.
NOW, THEREFORE, for and in consideration of the above premises, Ten Dollars in hand paid and other good and valuable consideration, the receipt and sufficiency whereof are hereby acknowledged, Borrower and Lender hereby agree as follows:
1. The Credit Agreement is hereby modified and amended by deleting Annex I, Annex II and Annex III which are exhibits to the Credit Agreement and inserting in lieu thereof Annex I, Annex II and Annex III attached hereto.
2. Except as modified and amended hereby, the Credit Agreement shall be and remain in full force and effect and unchanged.
3. This Agreement may be executed in multiple counterparts each of which shall be deemed to be an original and all such counterparts together shall constitute one and the same instrument.
IN WITNESS WHEREOF, Borrower and Lender have caused this Agreement to be executed as of the day and year first above written.
BORROWER: | ||||
PANERA, LLC, a Delaware limited liability company | ||||
By: | /s/ Mark Hood | |||
Mark Hood, Senior Vice President and Chief Financial Officer | ||||
By: | /s/ Neal Yanofsky | |||
Neal Yanofsky, Executive Vice President and Chief Corporate and Administrative Staff Officer | ||||
Address: 6710 Clayton Road St. Louis, Missouri 63117 | ||||
(Signatures continued on following page) |
LENDER: | ||||
BANK OF AMERICA, N.A. | ||||
By: | /s/ Bobby Ryan Oliver, Jr. | |||
Name: Bobby Ryan Oliver, Jr. | ||||
Title: Vice President |
ANNEX I
JURISDICTION AND QUALIFICATION OF BORROWER
Panera, LLC
Jurisdiction – Delaware
Qualified in the following states –
State | Date | Registration No. | ||||||
Alabama | 12/4/02 | N/A | ||||||
California | 4/23/03 | 200310910118 | ||||||
Colorado | 3/15/03 | 20021065578 C | ||||||
Connecticut | 5/14/02 | 0002417967 | ||||||
Florida | 1/25/02 | M02000000226 | ||||||
Georgia | 3/18/02 | 0213111 | ||||||
Illinois | 3/21/02 | F0068-621-2 | ||||||
Indiana | 3/5/02 | 2002030500840 | ||||||
Kansas | 3/14/02 | 3295459 | ||||||
Kentucky | 2/26/02 | 0531874.06 | ||||||
Maryland | 3/13/02 | 1000361986760829 | ||||||
Massachusetts | 3/15/02 | 043212828 | ||||||
Michigan | 12/11/02 | B94-96D | ||||||
Minnesota | 3/14/02 | 3692-LFC | ||||||
Missouri | 5/13/02 | FL0065355 | ||||||
Nevada | 4/18/03 | LLC5677-03 | ||||||
New Hampshire | 5/14/02 | N/A | ||||||
New Jersey | 12/4/02 | 0600156007 | ||||||
New York | 3/4/02 | N/A | ||||||
North Carolina | 3/4/02 | 0622471 | ||||||
Ohio | 3/15/02 | 1306629 | ||||||
Pennsylvania | 3/15/02 | 3059271 | ||||||
South Carolina | 3/14/02 | N/A | ||||||
Tennessee | 3/19/02 | 0423692 | ||||||
Texas | 3/18/02 | 800065548 | ||||||
Virginia | 2/20/02 | T020141 | ||||||
Washington | 8/25/03 | 602324284 |
ANNEX II
SUBSIDIARIES; JURISDICTION; QUALIFICATION
Artisan Bread, LLC
Jurisdiction – Delaware
Qualified in the following states –
Missouri
Asiago Bread, LLC
Jurisdiction – Delaware
Qualified in the following states –
None
Panera Enterprises, Inc.
Jurisdiction – Delaware
Qualified in the following states –
Grand Bahamas, The Bahamas
Pumpernickel Associates, LLC
Jurisdiction – Delaware
Qualified in the following states –
Missouri
Cap City Bread, LLC
Jurisdiction – Delaware
Qualified in the following states –
Missouri
Pennsylvania
Virginia