EX-10.4



 Exhibit 10.4 

SUPPLEMENT NO. 2 dated as of February 12, 2013, to the Amended and Restated Security Agreement dated as of
October 11, 2007, amended and restated as of February 28, 2011 (the “Security Agreement”) among UNIVAR INC., a Delaware corporation (the “Borrower”), each Domestic Subsidiary of the Borrower listed on
Annex A thereto (each such Domestic Subsidiary individually a “Subsidiary Grantor” and, collectively, the “Subsidiary Grantors”; the Subsidiary Grantors and the Borrower are referred to collectively herein as the
“Grantors”), BANK OF AMERICA, N.A., as collateral agent (in such capacity, the “Collateral Agent”) under the Credit Agreement referred to below. 

A. Reference is made to the Credit Agreement dated as of October 11, 2007 (as amended and restated as of September 20, 2010, further
amended and restated as of February 28, 2011, and further amended and restated as of October 3, 2012 and as the same may be further amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the
“Credit Agreement”) among the Borrower, the lenders or other financial institutions from time to time parties thereto (the “Lenders”), BANK OF AMERICA, N.A., as the Administrative Agent, and the other parties named
thereto. 
 B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Security
Agreement. 
 C. The Grantors have entered into the Security Agreement in order to induce the Administrative Agent, the Collateral Agent and
the Lenders to enter into the Credit Agreement and to induce the respective Lenders to make their respective Loans to the Borrower under the Credit Agreement and to induce one or more Cash Management Banks and Hedge Banks to enter into Secured Cash
Management Agreements and Secured Hedge Agreements with the Borrower and/or its Subsidiaries. 
 D. Section 8.8 of the Credit Agreement
and Section 8.13 of the Security Agreement provide that each Domestic Subsidiary of the Borrower that is required to become a party to the Security Agreement pursuant to Section 8.8 of the Credit Agreement shall become a Grantor, with the
same force and effect as if originally named as a Grantor therein, for all purposes of the Security Agreement upon execution and delivery by such Domestic Subsidiary of an instrument in the form of this Supplement. Each undersigned Domestic
Subsidiary (each a “New Grantor”) is executing this Supplement in accordance with the requirements of the Security Agreement to become a Subsidiary Grantor under the Security Agreement in order to induce the Lenders to make
additional Loans and as consideration for Loans previously made. 
 Accordingly, the Collateral Agent and the New Grantors agree as follows:

 SECTION 1. In accordance with subsection 8.13 of the Security Agreement, each New Grantor by its signature below becomes a Grantor under
the Security Agreement with the same force and effect as if originally named therein as a Grantor and each New Grantor hereby (a) agrees to all the terms and provisions of the Security Agreement applicable to it as a








 
Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct on and as of the date hereof (except to the
extent such representations related to any earlier date). In furtherance of the foregoing, each New Grantor, as security for the payment and performance in full of the Obligations, does hereby bargain, sell, convey, assign, set over, mortgage,
pledge, hypothecate and transfer to the Collateral Agent for the benefit of the Secured Parties, and hereby grants to the Collateral Agent for the benefit of the Secured Parties, a Security Interest in all of the Collateral of such New Grantor, in
each case whether now or hereafter existing or in which it now has or hereafter acquires an interest. Each reference to a “Grantor” in the Security Agreement shall be deemed to include each New Grantor. The Security Agreement is hereby
incorporated herein by reference. 
 SECTION 2. Each New Grantor represents and warrants to the Collateral Agent and the other Secured
Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 

SECTION 3. This Supplement may be executed by one or more of the parties to this Supplement on any number of separate counterparts (including
by facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Supplement signed by all the parties shall be lodged with the
Collateral Agent and the Borrower. This Supplement shall become effective as to each New Grantor when the Collateral Agent shall have received counterparts of this Supplement that, when taken together, bear the signatures of such New Grantor and the
Collateral Agent. 
 SECTION 4. Each New Grantor hereby represents and warrants that (a) set forth on Schedule I hereto is (i) the
legal name of such New Grantor, (ii) the jurisdiction of incorporation or organization of such New Grantor, (iii) the mailing address for such New Grantor, (iv) the identity or type of organization or corporate structure of such New
Grantor and (v) the Federal Taxpayer Identification Number and organizational number of such New Grantor (if any) and (b) as of the date hereof(i) Schedule II hereto sets forth, in all material respects, all of each New Grantor’s
Copyright Licenses, (ii) Schedule III hereto sets forth in all material respects, in proper form for filing with the United States Copyright Office, all of each New Grantor’s Copyrights (and all applications therefor), (iii) Schedule
IV hereto sets forth in all material respects all of each New Grantor’s Patent Licenses, (iv) Schedule V hereto sets forth in all material respects, in proper form for filing with the United States Patent and Trademark Office, all of each
New Grantor’s Patents (and all applications therefor), (v) Schedule VI hereto sets forth in all material respects all of each New Grantor’s Trademark Licenses, (vi) Schedule VII hereto sets forth in all material respects, in
proper form for filing with the United States Patent and Trademark Office, all of each New Grantor’s Trademarks (and all applications therefor) and (vii) Schedule VIII hereto sets forth all of New Grantor’s Pledged Collateral in each
case with respect to this Section 4(b) that are to constitute Collateral. 
 SECTION 5. Except as expressly supplemented hereby, the
Security Agreement shall remain in full force and effect. 







 SECTION 6. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7. Any provision of this
Supplement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof and in the Security
Agreement, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

SECTION 8. All notices, requests and demands pursuant hereto shall be made in accordance with Section 12.2 of the Credit Agreement. All
communications and notices hereunder to each New Grantor shall be given to it in care of the Borrower at the Borrower’s address set forth in Section 12.2 of the Credit Agreement. 







 IN WITNESS WHEREOF, each New Grantor and the Collateral Agent have duly executed this Supplement
to the Security Agreement as of the day and year first above written. 
  

					
	MAGNABLEND HOLDINGS, INC.
		
	By:	 	




		 	  

		 	Name:	 	Thomas P. Martin
		 	Title:	 	Treasurer
	
	MAGNABLEND, INC.
		
	By:	 	




		 	  

		 	Name:	 	Thomas P. Martin
		 	Title:	 	Treasurer
	
	PMF CAPITAL, LLC
		
	By:	 	




		 	  

		 	Name:	 	Thomas P. Martin
		 	Title:	 	Treasurer
	
	BANK OF AMERICA, N.A., as Collateral Agent
		
	By:	 	
		 	  

		 	Name:	 	
		 	Title:	 	



  
 [Signature page to
Supplement to Security Agreement – Term Loan] 








 IN WITNESS WHEREOF, each New Grantor and the Collateral Agent have duly executed this Supplement
to the Security Agreement as of the day and year first above written. 
  

					
	MAGNABLEND HOLDINGS, INC.
		
	By:	 	
		 	  

		 	Name:	 	
		 	Title:	 	
	
	MAGNABLEND, INC.
		
	By:	 	
		 	  

		 	Name:	 	
		 	Title:	 	
	
	PMF CAPITAL, LLC
		
	By:	 	
		 	  

		 	Name:	 	
		 	Title:	 	
	
	BANK OF AMERICA, N.A., as Collateral Agent
		
	By:	 	




		 	  

		 	Name:	 	Liliana Claar
		 	Title:	 	Vice President



  
 [Signature Page to
Supplement to Security Agreement – Term Loan] 








 SCHEDULE I 

TO SUPPLEMENT NO. 2 TO THE 

SECURITY AGREEMENT 

COLLATERAL 
  

									
	 Legal Name
	  	 Jurisdiction of
Incorporation
or
Organization
	  	 Mailing
Address
	  	 Type of
Organization or
Corporate
Structure
	  	 Federal Taxpayer
Identification
Number and
Organizational
Identification
Number

	Magnablend Holdings, Inc.	  	Delaware	  	326 North Grand Avenue, Waxahachie, TX 75165	  	Corporation	  	80-0726400; 4971677
					
	Magnablend, Inc.	  	Texas	  	326 North Grand Avenue, Waxahachie, TX 75165	  	Corporation	  	75-1658841; 47730500
					
	PMF Capital, LLC	  	Delaware	  	326 North Grand Avenue, Waxahachie, TX 75165	  	Limited Liability Company	  	N/A; 5098408








 SCHEDULE II 

TO SUPPLEMENT NO. 2 TO THE 

SECURITY AGREEMENT 

COPYRIGHT LICENSES 
 None. 







 SCHEDULE III 

TO SUPPLEMENT NO. 2 TO THE 

SECURITY AGREEMENT 

COPYRIGHTS 
 None. 







 SCHEDULE IV 

TO SUPPLEMENT NO. 2 TO THE 

SECURITY AGREEMENT 
 PATENT
LICENSES 
 None. 







 SCHEDULE V 

TO SUPPLEMENT NO. 2 TO THE 

SECURITY AGREEMENT 
 PATENTS

 None. 







 SCHEDULE VI 

TO SUPPLEMENT NO. 2 TO THE 

SECURITY AGREEMENT 

TRADEMARK LICENSES 
 None. 







 SCHEDULE VII 

TO SUPPLEMENT NO. 2 TO THE 

SECURITY AGREEMENT 

TRADEMARKS 
 Domestic Trademarks 

 

							
	 Registered

Owner/Grantor
	  	Trademark	  	Registration No.	  	Application No.
		  	MAGNABLEND	  	3,625,468	  	
				
		  	MAGNABLEND	  	3,645,628	  	
		  	INC. CUSTOM	  		  	
		  	CHEMICAL	  		  	
		  	MANUFACTURING,	  		  	
		  	 BLENDING & PACKAGING (and

Design)
	  		  	

 Foreign Trademarks 
 None.








 SCHEDULE VIII 

TO SUPPLEMENT NO. 2 TO THE 

SECURITY AGREEMENT 
 PLEDGED
COLLATERAL 
 1. 15,000 Common Stock of Magnablend, Inc., owned by Magnablend Holdings, Inc., Stock Certificate Number 012. 

2. 100% of the equity of PMF Capital, LLC, owned by Magnablend Holdings, Inc., Certificate Number 001.