AMENDMENT TO AMENDED AND RESTATED AGREEMENT FOR WHOLESALE FINANCING
(Amendment No. 4)
This Amendment to Amended and Restated Agreement for Wholesale Financing
("Amendment") is made by and between Deutsche Financial Services Corporation
("DFS") and Featherlite, Inc. ("Dealer").
WHEREAS, DFS and Dealer entered into that certain Amended and Restated
Agreement for Wholesale Financing dated October 6, 1997, as amended by that
certain Amendment to Amended and Restated Agreement for Wholesale Financing
(Amendment No. 1) dated April 1, 1998, as amended by that certain Amendment to
Amended and Restated Agreement for Wholesale Financing (Amendment No. 2), dated
May 8, 1998, and as amended by that certain Amendment to Amended and Restated
Agreement for Wholesale Financing (Amendment No. 3) dated march 25, 2000
(together, the "Agreement"); and
WHEREAS, DFS and Dealer desire to amend the Agreement as provided
herein.
NOW, THEREFORE, for and in consideration of the premises, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, DFS and Dealer agree as follows:
1. Amendment of Current Ratio. Paragraph 13.1(c) of the Agreement is
deleted and amended to read in its entirety as follows:
"(c) a ratio of Current Tangible Assets to current liabilities
of not less than the amount shown below during the period
corresponding thereto:
Period Ratio
At all times through June 29, 2001. 1.25:1
At all times from June 30, 2001 and thereafter. 1.50:1"
2. No Other Modifications. Except as expressly modified or amended
herein, all other terms and provisions of the Agreement shall remain
unmodified and in full force and effect and the Agreement, as hereby
amended, is ratified and confirmed by DFS and Dealer.
3. Capitalized Terms. Except as otherwise defined herein, all
capitalized terms will have the same meanings set forth in the
Agreement.
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October 17, 2000
Page Two
IN WITNESS WHEREOF, DFS and Dealer have executed this Amendment as of
the 25th day of September, 2000.
DEUTSCHE FINANCIAL SERVICES CORPORATION
By: /s/Leonard F. Buchan
Leonard F. Buchan
Vice President
FEATHERLITE, INC.
By: /s/C. Clement
Conrad Clement
President
