Annual Report — [x] Reg. S-K Item 405 — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K405 Form 10-K Filed Pursuant to Item 405 14 120K
3: EX-10.31 Third Amendment to the Restated Credit Agreement 21 71K
4: EX-10.32 Fourth Amendment to Teh Restated Credit Agreement 9 27K
5: EX-10.33 5th Amend to 1st Amended & Restated Credit Agmt 6 25K
6: EX-10.34 Promissory Note 2 15K
7: EX-10.36 Employment Agreement - Sheldon Goldman 12 47K
8: EX-10.37 Royalty Agreement - Sungold Enterprises, Ltd. 4 23K
9: EX-10.38 Nondisclosure & Noncompetition Agreement 4 21K
10: EX-10.39 Amended & Restated License Agreement 13 57K
11: EX-10.41 Contingent Price Agreement 5 25K
12: EX-10.42 License Agreement 33 85K
13: EX-10.43 Exclusive Distributorship Agreement 19 63K
14: EX-10.44 Lease Dated March 1, 1989 12 45K
15: EX-10.45 Lease Dated May 15, 1989 11 43K
16: EX-10.46 Second Amendment to Lease Dated June 8, 1996 4 19K
17: EX-10.47 Settlement Agreement Dated as of May 30, 1997 5 21K
18: EX-10.48 License Agreement Dated as of June 30, 1997 4 22K
19: EX-10.49 Settlement Agreement and Mutual Release 3 22K
20: EX-10.50 Promissory Note Dated March 11, 1998 2 15K
21: EX-10.51 Separation & Release Agreement - Travis Worth 6 34K
22: EX-10.52 Separation & Release Agreement - G. Travis Worth 5 30K
23: EX-10.53 Separation & Release Agreement - David Jobe 7 33K
24: EX-10.54 Separation & Release Agreement - Douglas B. Hauff 8 41K
25: EX-10.55 Employment Agreement - Richard W. Hammel, Sr. 2 19K
26: EX-10.56 Employment Agreement With Patricia Lynch 2 19K
27: EX-10.57 Mutual General Release & Payment Agreement 3 20K
28: EX-10.58 Employment Agreement - Leo Rosenberger 8 41K
29: EX-10.59 Lease Agreement Dated November 27,1996 16± 70K
30: EX-10.60 $16,470,000 Renewal Term Note 2 15K
31: EX-10.61 $14,000,000 Renewal Revolving Note 3 15K
32: EX-10.62 $3,650,000 Renewal Revolving Note 2 15K
33: EX-10.63 $250,000 Renewal Equipment Note 2 15K
34: EX-10.64 Security Agreement 21 62K
35: EX-10.65 Security Agreement 22 65K
2: EX-10.8 Employment Agreement, Bruce Meckling 15 54K
36: EX-21.1 Subsidiaries of the Registrant 1 10K
EX-10.60 — $16,470,000 Renewal Term Note
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EXHIBIT 10.60
RENEWAL TERM NOTE
$16,470,000 January 15, 1998
For value received, the undersigned, GARGOYLES, INC. ("Borrower"),
promises to pay to the order of U. S. BANK NATIONAL ASSOCIATION ("U. S. Bank"),
at its principal place of business, 1420 Fifth Avenue, Seattle, Washington
98101, or such other place or places as the holder hereof may designate in
writing, the principal sum of Sixteen Million Four Hundred Seventy Thousand
Dollars ($16,470,000) in lawful immediately available money of the United States
of America, in accordance with the terms and conditions of that certain credit
agreement of even date herewith dated as of April 7, 1997, by and between
Borrower and U. S. Bank (together with all supplements, exhibits, amendments,
and modifications thereto, the "Credit Agreement"). Borrower also promises to
pay interest on the unpaid principal balance hereof, in like money in accordance
with the terms and conditions and at the rate or rates provided for in the
Credit Agreement. All principal, interest, and other charges are due and payable
in full on April 30, 1999.
Borrower and all endorsers, sureties, and guarantors hereof jointly and
severally waive presentment for payment, demand, notice of nonpayment, notice of
protest, and protest of this Note, and all other notices in connection with the
delivery, acceptance, performance, default, dishonor, or enforcement of the
payment of this Note except such notices as are specifically required by this
Note or by the Credit Agreement, and they agree that the liability of each of
them shall be unconditional without regard to the liability of any other party
and shall not be in any manner affected by any indulgence, extension of time,
renewal, waiver, or modification granted or consented to by U. S. Bank. Borrower
and all endorsers, sureties, and guarantors hereof (1) consent to any and all
extensions of time, renewals, waivers, or modifications that may be granted by
U. S. Bank with respect to the payment or other provisions of this Note and the
Credit Agreement; (2) consent to the release of any property now or hereafter
securing this Note with or without substitution; and (3) agree that additional
makers, endorsers, guarantors, or sureties may become parties hereto without
notice to them and without affecting their liability hereunder.
This Note is the Renewal Term Note referred to in the Third Amendment to
First Amended and Restated Credit Agreement and as such is entitled to all of
the benefits and obligations specified in the Credit Agreement, including but
not limited
to any Collateral and any conditions to making advances hereunder. Terms defined
in the Credit Agreement are used herein with the same meanings. Reference is
made to the Credit Agreement for provisions for the repayment of this Note and
the acceleration of the maturity hereof.
GARGOYLES, INC., a
Washington corporation
By: /s/ Douglas B. Hauff
-----------------------------------
Title: President and CEO
-----------------------------------
Dates Referenced Herein and Documents Incorporated by Reference
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