First Amendment to Revolving Note between The J. Jill Group, Inc. and HSBC Bank USA

Summary

This amendment updates the terms of a previous revolving note agreement between The J. Jill Group, Inc. and HSBC Bank USA. The main change is replacing the original maturity date of June 1, 2003, with a new reference to the "Termination Date." All other terms of the original note remain unchanged. The amendment is effective as of July 25, 2002, and is signed by authorized representatives of both parties.

EX-10.3 5 a2086070zex-10_3.txt EXHIBIT 10.3 Exhibit 10.3 FIRST AMENDMENT TO REVOLVING NOTE FROM THE J. JILL GROUP, INC. TO HSBC BANK USA This First Amendment to Revolving Note from The J. Jill Group, Inc. to HSBC Bank USA is dated as of July 25, 2002. W I T N E S S E T H: Reference is made to that certain Revolving Note dated as of June 29, 2001 from The J. Jill Group, Inc. to HSBC Bank USA in the face amount of Seventeen Million Five Hundred Thousand Dollars ($17,500,000) (the "REVOLVING NOTE"). NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the REVOLVING NOTE is hereby amended by deleting the date "June 1, 2003" set forth in the second paragraph of the REVOLVING NOTE and substituting therefor the words "Termination Date." Except as modified hereby, the REVOLVING NOTE remains in full force and effect and is hereby confirmed and republished. EXECUTED as an instrument under seal as of July 25, 2002. THE J. JILL GROUP, INC. By: /s/ Linda L. Trudel ------------------------------------------ Name: Linda L. Trudel Title: Vice President/Corporate Controller HSBC BANK USA By: /s/ George Ahlmeyer ------------------------------------------ Name: George Ahlmeyer Title: Senior Vice President