SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
THIS SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “ Amendment ”), dated as of June 12,
2009, is entered into by and among the financial institutions signatory hereto (each a “ Lender ” and collectively the “ Lenders
”), BANK OF AMERICA, N.A. , as administrative agent for the Lenders (in such capacity, “ Agent ”), NAUTILUS, INC. , a
Washington corporation (“ US Borrower ”), and NAUTILUS INTERNATIONAL S.A. , a Swiss private share company (“ Swiss
Borrower ”, and together with US Borrower, collectively, “ Borrowers ”).
A. Borrowers, Agent and the Lenders have previously entered into that certain Loan and Security Agreement dated as of
January 16, 2008 (as amended, supplemented, restated and modified from time to time, the “ Loan Agreement ”), pursuant to
which the Lenders have made certain loans and financial accommodations available to Borrowers. Terms used herein without
definition shall have the meanings ascribed to them in the Loan Agreement.
B. Borrowers, Agent and the Lenders now wish to amend the Loan Agreement on the terms and conditions set forth
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
1. Amendments to Loan Agreement .
(a) The definition of “Trigger Period” in Section 1.1 of the Loan Agreement is hereby amended and restated in its
entirety to read as follows:
“ Trigger Period : the period (a) commencing on the day that (i) an Event of Default occurs, (ii) Excess Availability is
less than $10,000,000 for three consecutive Business Days or (iii) Excess Availability is less than $8,000,000 at any
time; and (b) continuing until the day on which the Borrowers have maintained Excess Availability in excess of
$15,000,000 for a period of 90 consecutive days; provided , however