Document:

Exhibit

EXECUTION VERSION

FIRST SUPPLEMENTAL INDENTURE
FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June 19, 2018, among Hexion Inc., a New Jersey corporation (the “Issuer”), Hexion Deer Park LLC (the “Additional Subsidiary Guarantor”), a Delaware limited liability company and a direct subsidiary of the Issuer (or its permitted successor), and Wilmington Trust, National Association, as trustee (the “Trustee”).
W I T N E S S E T H :
WHEREAS, the Issuer and the Subsidiary Guarantors have heretofore executed and delivered to the Trustee an Indenture (the “Indenture”), dated as of February 8, 2017, providing for the issuance of the 13.75% Senior Secured Notes due 2022 (the “Notes”);
WHEREAS, Section 4.11 and Section 10.06 of the Indenture provide that under certain circumstances the Issuer will cause the Additional Subsidiary Guarantor to execute and deliver to the Trustee a guaranty agreement pursuant to which the Additional Subsidiary Guarantor will Guarantee payment of the Notes on the same terms and conditions as those set forth in Article 10 of the Indenture; and
WHEREAS, pursuant to Section 9.01(iv) of the Indenture, the Trustee and the Issuer are authorized to execute and deliver this Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt of which is hereby acknowledged, the Issuer, the Additional Subsidiary Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
SECTION 1.    Capitalized Terms.  Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture.
SECTION 2.    Guarantees.  The Additional Subsidiary Guarantor hereby agrees, jointly and severally with all other Guarantors, to guarantee the Issuer’s obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture (including Article 11).
SECTION 3.    Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
SECTION 4.    Governing Law.  This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the state of New York.
SECTION 5.    Trustee Makes No Representation.  The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.

SECTION 6.    Counterparts.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.
SECTION 7.    Effect of Headings.  The Section headings herein are for convenience only and shall not affect the construction of this Supplemental Indenture.

[Signature Pages Follow]

IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed as of the date first written above.
HEXION INC.,

by
/s/ Mark D. Bidstrup    
Name: Mark D. Bidstrup
Title:   Senior Vice President and Treasurer
 Hexion Deer Park LLC,

by
/s/ Mark D. Bidstrup    
Name: Mark D. Bidstrup
Title:   Senior Vice President and Treasurer

WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee

by
/s/ Jane Schweiger    
Name: Jane Schweiger
Title: Vice PresidentExhibit

EXECUTION VERSION

SECOND SUPPLEMENTAL INDENTURE
SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June 19, 2018 among Hexion Deer Park LLC (the “Additional Subsidiary Guarantor”), a Delaware limited liability company and a direct subsidiary of Hexion Inc. (f/k/a Momentive Specialty Chemicals Inc.) (or its permitted successor) (“Holdings”), Holdings (as successor by merger to Hexion U.S. Finance Corp.), a New Jersey corporation, and Hexion Nova Scotia Finance, ULC, a Nova Scotia unlimited liability company (the “Issuers”), and Wilmington Trust Company, as trustee (the “Trustee”).
W I T N E S S E T H :
WHEREAS the Issuers and the Subsidiary Guarantors have heretofore executed and delivered to the Trustee an Indenture, dated as of November 5, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”), providing for the issuance of the 9.0% Second-Priority Senior Secured Notes due 2020 (the “Notes”);
WHEREAS, Section 4.11 and Section 10.06 of the Indenture provide that under certain circumstances Holdings will cause the Additional Subsidiary Guarantor to execute and deliver to the Trustee a guaranty agreement pursuant to which the Additional Subsidiary Guarantor will Guarantee payment of the Notes on the same terms and conditions as those set forth in Article 10 of the Indenture; and
WHEREAS, pursuant to Section 9.01(iv) of the Indenture, the Trustee and the Issuers are authorized to execute and deliver this Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt of which is hereby acknowledged, the Issuers, the Additional Subsidiary Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
SECTION 1.    Capitalized Terms.  Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture.
SECTION 2.    Guarantees.  The Additional Subsidiary Guarantor hereby agrees, jointly and severally with all other Guarantors, to guarantee the Issuers’ obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture (including Article 11).
SECTION 3.    Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
SECTION 4.    Governing Law.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION 5.    Trustee Makes No Representation.  The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.
SECTION 6.    Counterparts.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.
SECTION 7.    Effect of Headings.  The Section headings herein are for convenience only and shall not effect the construction of this Supplemental Indenture.

[Signature Pages Follow]

 IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed as of the date first written above.
HEXION INC.,

by
/s/ Mark D. Bidstrup    
Name: Mark D. Bidstrup
Title:   Senior Vice President and Treasurer
HEXION NOVA SCOTIA FINANCE, ULC,

by
/s/ Mark D. Bidstrup    
Name: Mark D. Bidstrup
Title:   Senior Vice President and Treasurer
Hexion Deer Park LLC,

by
/s/ Mark D. Bidstrup    
Name: Mark D. Bidstrup
Title:   Senior Vice President and Treasurer

WILMINGTON TRUST COMPANY, as Trustee

by
/s/ John T. Needham, Jr.     
Name: John T. Needham, Jr.
Title:   Vice Presidentinve-ex101_529.htm

 

Exhibit 10.1

 

SEVENTH AMENDMENT 
TO
LOAN AND SECURITY AGREEMENT 

This Seventh Amendment to Loan and Security Agreement is entered into as of July 17, 2018 (the “Amendment”), by and between EAST WEST BANK (“Bank”) and IDENTIV, INC. (“Parent”) and 3VR Security, Inc. (“Target”). Parent and Target are each referred to herein as a “Borrower” and collectively as the “Borrowers”.

RECITALS

Borrowers and Bank are parties to that certain Loan and Security Agreement dated as of February 8, 2017, as amended from time to time, including pursuant to that certain First Amendment to Loan and Security Agreement dated as of March 27, 2017, that certain Second Amendment to Loan and Security Agreement dated as of December 19, 2017, that certain Third Amendment to Loan and Security Agreement dated as of January 30, 2018, that certain Fourth Amendment to Loan and Security Agreement dated as of February 5, 2018, that certain Fifth Amendment to Loan and Security Agreement dated as of March 6, 2018 and that certain Sixth Amendment to Loan and Security Agreement dated as of April 14, 2018 (collectively, the “Loan Agreement”).  The parties desire to amend the Loan Agreement in accordance with the terms of this Amendment.  

NOW, THEREFORE, the parties agree as follows:

1.Bank hereby consents to the subleasing of Target’s leased location at 814 Mission Street, San Francisco, California, which shall constitute a “Permitted Investment” under the Loan Agreement, subject Bank’s receipt of the fully executed sublease agreement and the limited guaranty of sublease executed by the parent entity of the sublessee.

2.The following is added as a new clause (j) to the end of the definition of “Permitted Indebtedness” set forth in Section 1.1 of the Agreement:

(j) Indebtedness consisting of the Contingent Obligations of Parent with respect to a Guaranty of Lease entered into by Parent in favor of Bulletin Building Owner, LLC, the landlord of Target’s leased property at 814 Mission Street, San Francisco, California.

3.Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the Agreement.  The Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects.  Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Bank under the Agreement, as in effect prior to the date hereof.  Each Borrower ratifies and reaffirms the continuing effectiveness of all agreements entered into in connection with the Agreement.

4.Each Borrower represents and warrants that the representations and warranties contained in the Agreement are true and correct as of the date of this Amendment, and that no Event of Default has occurred and is continuing.

5.This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original hereof.  Notwithstanding the foregoing, Borrowers shall deliver all original signed documents requested by Bank no later than five (5) Business Days following the date of execution.

 

 

6.As a condition to the effectiveness of this Amendment, Bank shall have received, in form and substance satisfactory to Bank, the following:

(a)this Amendment, duly executed by Borrowers;

(b)payment of all Bank Expenses incurred through the date of this Amendment; and

(c)such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

[remainder of this page intentionally left blank]

 

 

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above written.

 

	
IDENTIV, INC.

	
 
	
 
	
 

	
 
	
 
	
 

	
By:
	
 
	
/s/ Sandra Wallach

	
 
	
 
	
 

	
Name:
	
 
	
Sandra Wallach

	
 
	
 
	
 

	
Title:
	
 
	
CFO

 

 

	
3VR SECURITY, INC.

	
 
	
 
	
 

	
 
	
 
	
 

	
By:
	
 
	
/s/ Sandra Wallach

	
 
	
 
	
 

	
Name:
	
 
	
Sandra Wallach

	
 
	
 
	
 

	
Title:
	
 
	
CFO

 

 

	
EAST WEST BANK

	
 
	
 
	
 

	
 
	
 
	
 

	
By:
	
 
	
/s/ Kelvin Chan

	
 
	
 
	
 

	
Name:
	
 
	
Kelvin Chan

	
 
	
 
	
 

	
Title:
	
 
	
Managing Director

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