and year first
above written.
NEW GRANTOR:
[NAME OF NEW GRANTOR]
By:
Name:
Title:
AGENT:
WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association
By:
Name:
Title:
[SIGNATURE PAGE TO JOINDER NO. ___ TO SECURITY AGREEMENT]
[SIGNATURE PAGE TO JOINDER NO. ___ TO SECURITY AGREEMENT]
EXHIBIT 1
[Form of]
ISSUER'S ACKNOWLEDGMENT
The undersigned hereby (i) acknowledges receipt of the Guaranty and Security
Agreement (as amended, amended and restated, supplemented or otherwise modified
from time to time, the "Agreement;" capitalized terms used but not otherwise
defined herein shall have the meanings assigned to such terms in the Agreement),
dated as of [
], 2012, made by KRONOS WORLDWIDE, INC., a
Delaware Corporation (the "Borrower"), the Guarantors party thereto and WELLS
FARGO BANK, NATIONAL ASSOCIATION, as collateral agent (in such capacity and
together with any successors in such capacity, the "Agent"), (ii) agrees
promptly to note on its books the security interests granted to the Agent and
confirmed under the Agreement, (iii) agrees that it will comply with
instructions of the Agent with respect to the applicable Securities Collateral
(including all Capital Stock of the undersigned) without further consent by the
applicable Grantor, (iv) agrees to notify the Agent upon obtaining knowledge of
any interest in favor of any person in the applicable Securities Collateral that
is adverse to the interest of the Agent therein and (v) waives any right or
requirement at any time hereafter to receive a copy of the Agreement in
connection with the registration of any Securities Collateral thereunder in the
name of the Agent or its nominee or the exercise of voting rights by the Agent
or its nominee.
[
]
By:
Name:
Title: