Document:

Exhibit 10.18

Exhibit 10.18

ASSUMPTION AGREEMENT, effective as of January 26, 2009, made by CAMPUS AUTHENTIC LLC, a
Delaware limited liability company (the “Additional Grantor”), in favor of JPMORGAN CHASE
BANK, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the
banks and other financial institutions (the “Lenders”) parties to the Credit Agreement
referred to below. All capitalized terms not defined herein shall have the meaning ascribed to
them in such Credit Agreement.

W I T N E S S E T H :

WHEREAS, NBC Holdings Corp. (“SuperHoldings”), NBC Acquisition Corp.
(“Holdings”), Nebraska Book Company, Inc. (the “Borrower”), the Lenders, certain
financial institutions acting as agents and the Administrative Agent have entered into the Credit
Agreement, dated as of February 13, 1998, as amended and restated as of December 10, 2003, and as
further amended and restated as of March 4, 2004 (as further amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”);

WHEREAS, in connection with the Credit Agreement, SuperHoldings, Holdings, the Borrower and
certain of their Affiliates (other than the Additional Grantor) have entered into the Amended and
Restated Guarantee and Collateral Agreement, dated as of February 13, 1998, as amended and restated
as of December 10, 2003, and as further amended and restated as of March 4, 2004 (as further
amended, supplemented or otherwise modified from time to time, the “Guarantee and Collateral
Agreement”) in favor of the Administrative Agent for the benefit of the Secured Parties;

WHEREAS, the Credit Agreement requires the Additional Grantor to become a party to the
Guarantee and Collateral Agreement; and

WHEREAS, the Additional Grantor has agreed to execute and deliver this Assumption Agreement in
order to become a party to the Guarantee and Collateral Agreement;

NOW, THEREFORE, IT IS AGREED:

1. Guarantee and Collateral Agreement. By executing and delivering this Assumption
Agreement, the Additional Grantor, as provided in Section 8.15 of the Guarantee and Collateral
Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as a Grantor thereunder
with the same force and effect as if originally named therein as a Grantor and, without limiting
the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a
Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the
information set forth in Schedules 1, 3, 4, 5 and 6 to the Guarantee and Collateral Agreement. The
Additional Grantor hereby represents and warrants that each of the representations and warranties
contained in Section 4 of the Guarantee and Collateral Agreement is true and correct on and as the
date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.

2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

 

 

IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed
and delivered as of the date first above written.

	 	 	 	 	 
	 	CAMPUS AUTHENTIC LLC

 	 
	 	By:  	                        /s/ Alan G. Siemek
 	 
	 	 	Name:  	Alan G. Siemek 	 
	 	 	Title:  	Chief Financial Officer, Treasurer and

Assistant Secretary 	 

[Signature Page to Assumption Agreement]

 

 

 

Annex 1-A

Schedule 1

NOTICE ADDRESS OF ADDITIONAL GRANTOR

Campus Authentic LLC

4700 South 19th Street

Lincoln, Nebraska 68501

 

 

 

Schedule 2

DESCRIPTION OF INVESTMENT PROPERTY

Pledged Stock: None.

	 	 	 	 	 	 	 
	Issuer	 	Class of Stock	 	Stock Certificate No.	 	No. of Shares
	 

	 	 	 	 	 	 

Pledged Notes: None.

	 	 	 	 	 
	Issuer	 	Payee	 	Principal Amount
	 

	 	 
	 	 

 

 

 

Schedule 3

FILINGS AND OTHER ACTIONS REQUIRED TO PERFECT SECURITY INTERESTS

Uniform Commercial Code Filings

	 	 	 	 	 
	Grantor	 	State	 	Jurisdiction
	 
	 	 	 	 
	Campus Authentic LLC

	 	DE
	 	Secretary of State

 

 

 

Schedule 4

LOCATION OF JURISDICTION OF ORGANIZATION AND CHIEF EXECUTIVE OFFICE

	 	 	 
	Grantor	 	Location
	 	 	 
	Campus Authentic LLC, a Delaware limited liability company
	 	Jurisdiction of Organization : Delaware
	 
	 	Chief Executive Office: Lincoln, Nebraska
	 
	 	Organizational ID Number: 3446488

 

 

 

Schedule 5

LOCATION OF INVENTORY AND EQUIPMENT

	 	 	 
	Grantor	 	Locations
	 
	Campus Authentic LLC
	 	4700 South 19th Street

	 
	 	Lincoln, Nebraska  68501

 

 

 

Schedule 6

COPYRIGHTS AND COPYRIGHT LICENSES

None.

PATENTS AND PATENT LICENSES

None.

TRADEMARKS AND TRADEMARK LICENSES

	 	 	 	 	 	 	 	 	 
	Trademark	 	Serial No.	 	Registration No.	 	Jurisdiction	 	Owned by:
	Campus Authentic
	 	77/105056	 	3328622	 	U.S. Federal	 	Nebraska Book Company, Inc.

 

 

 

Schedule 7

EXISTING PRIOR LIENS

None.exv4w2

Exhibit 4.2

CERTIFICATE OF DESIGNATIONS OF RIGHTS, PREFERENCES

AND PRIVILEGES OF

SERIES B PARTICIPATING PREFERRED STOCK

OF PHOENIX TECHNOLOGIES LTD.

     The undersigned, Albert E. Sisto and Stuart J. Nichols, do hereby certify:

     1. That they are the duly elected and acting President and Secretary, respectively, of
Phoenix Technologies Ltd., a Delaware corporation (the “Corporation”).

     2. That pursuant to the authority conferred upon the Board of Directors by the Certificate
of Incorporation of the said Corporation, the said Board of Directors effective as of October 22,
1999 adopted the following resolution creating a series of 200,000 shares of Preferred Stock
designated as Series B Participating Preferred Stock:

     “RESOLVED, that pursuant to the authority vested in the Board of Directors of the corporation
by the Restated Certificate of Incorporation, as amended, the Board of Directors does hereby
provide for the issue of a series of Preferred Stock of the Corporation and does hereby fix and
herein state and express the designations, powers, preferences and relative and other special
rights and the qualifications, limitations and restrictions of such series of Preferred Stock as
follows:

     Section 1.
 Designation and Amount.

The shares of such series shall be designated as “Series B Participating Preferred Stock.” The
Series B Participating Preferred Stock shall have a par value of $.001 per share, and the number of
shares constituting such series shall be 200,000.

     Section 2.
 Proportional Adjustment.

In the event that the Corporation shall at any
time after the issuance of any share or shares of Series B Participating Preferred Stock (i)
declare any dividend on Common Stock of the Corporation (“Common Stock”) payable in shares of
Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common
Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously
effect a proportional adjustment to the number of outstanding shares of Series B Participating
Preferred Stock.

 

 

Section 3. Dividends and Distributions.

          (a) Subject to the prior and superior right of the holders of any shares of any series of
Preferred Stock ranking prior and superior to the shares of Series B Participating Preferred Stock
with respect to dividends, the holders of shares of Series B Participating Preferred Stock shall be
entitled to receive when, as and if declared by the Board of Directors out of funds legally
available for such purpose, quarterly dividends payable in cash on the last day of January, April,
July and October in each year (each such date being referred to herein as a “Quarterly Dividend
Payment Date”), commencing on the first Quarterly Dividend Payment Date after the first issuance of
a share or fraction of a share of Series B Participating Preferred Stock, in an amount per share
(rounded to the nearest cent) equal to 1,000 times the aggregate per share amount of all cash
dividends, and 1,000 times the aggregate per share amount (payable in kind) of all non-cash
dividends or other distributions other than a dividend payable in shares of Common Stock or a
subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared
on the Common Stock since the immediately preceding Quarterly Dividend Payment Date, or, with
respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or
fraction of a share of Series B Participating Preferred Stock.

          (b) The Corporation shall declare a dividend or distribution on the Series B Participating
Preferred Stock as provided in paragraph (a) above immediately after it declares a dividend or
distribution on the Common Stock (other than a dividend payable in shares of Common Stock).

          (c) Dividends shall begin to accrue on outstanding shares of Series B Participating Preferred
Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares of
Series B Participating Preferred Stock, unless the date of issue of such shares is prior to the
record date for the first Quarterly Dividend Payment Date, in which case dividends on such shares
shall begin to accrue from the date of issue of such shares, or unless the date of issue is a
Quarterly Dividend Payment Date or is a date after the record date for the determination of holders
of shares of Series B Participating Preferred Stock entitled to receive a quarterly dividend and
before such Quarterly Dividend Payment Date, in either of which events such dividends shall begin
to accrue from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall not bear
interest. Dividends paid on the shares of Series B Participating Preferred Stock in an amount less
than the total amount of such dividends at the time accrued and payable on such shares shall be
allocated pro rata on a share-by-share basis among all such shares at the time outstanding.

The Board of Directors may fix a record date for the determination of holders of shares of Series B
Participating Preferred Stock entitled to receive payment of a dividend or distribution declared
thereon, which record date shall be no more than 30 days prior to the date fixed for the payment
thereof.

 

 

     Section 4. Voting Rights.

The holders of shares of Series B Participating Preferred Stock shall have the following voting
rights:

          (a) Each share of Series B Participating Preferred Stock shall entitle the holder thereof to
1,000 votes on all matters submitted to a vote of the stockholders of the Corporation.

          (b) Except as otherwise provided herein or by law, the holders of shares of Series B
Participating Preferred Stock and the holders of shares of Common Stock shall vote together as one
class on all matters submitted to a vote of stockholders of the Corporation.

          (c) Except as required by law, holders of Series B Participating
Preferred Stock shall have no special voting rights and their consent shall not be required (except
to the extent they are entitled to vote with holders of Common Stock as set forth herein) for
taking any corporate action.

 

 

     Section 5. Certain Restrictions.

          (a) The Corporation shall not declare any dividend on, make any distribution on, or redeem or
purchase or otherwise acquire for consideration any shares of Common Stock after the first issuance
of a share or fraction of a share of Series B Participating Preferred Stock unless concurrently
therewith it shall declare a dividend on the Series B Participating Preferred Stock as required by
Section 3 hereof.

          (b) Whenever quarterly dividends or other dividends or distributions payable on the Series B
Participating Preferred Stock as provided in Section 3 are in arrears, thereafter and until all
accrued and unpaid dividends and distributions, whether or not declared, on shares of Series B
Participating Preferred Stock outstanding shall have been paid in full, the Corporation shall not

               (i) declare or pay dividends on, make any other distributions on, or redeem or purchase or
otherwise acquire for consideration any shares of stock ranking junior (either as to dividends or
upon liquidation, dissolution or winding up) to the Series B Participating Preferred Stock;

               (ii) declare or pay dividends on, make any other distributions on any shares of stock ranking
on a parity (either as to dividends or upon liquidation, dissolution or winding up) with Series B
Participating Preferred Stock, except dividends paid ratably on the Series B Participating
Preferred Stock and all such parity stock on which dividends are payable or in arrears in
proportion to the total amounts to which the holders of all such shares are then entitled;

               (iii) redeem or purchase or otherwise acquire for consideration shares of any stock ranking on
a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series B
Participating Preferred Stock, provided that the Corporation may at any time redeem, purchase or
otherwise acquire shares of any such parity stock in exchange for shares of any stock of the
Corporation ranking junior (either as to dividends or upon dissolution, liquidation or winding up)
to the Series B Participating Preferred Stock;

               (iv) purchase or otherwise acquire for consideration any shares of Series B Participating
Preferred Stock, or any shares of stock ranking on a parity with the Series B Participating
Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as
determined by the Board of Directors) to all holders of such shares upon such terms as the Board of
Directors, after consideration of the respective annual dividend rates and other relative rights
and preferences of the respective series and classes, shall determine in good faith will result in
fair and equitable treatment among the respective series or classes.

          (c) The Corporation shall not permit any subsidiary of the Corporation to purchase or
otherwise acquire for consideration any shares of stock of the Corporation unless the Corporation
could, under paragraph (a) of

 

 

this Section 5, purchase or otherwise acquire such shares at such time and in such manner.

     Section 6. Reacquired Shares. Any shares of Series B Participating Preferred Stock
purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and
canceled promptly after the acquisition thereof.

All such shares shall upon their cancellation become authorized but unissued shares of Preferred
Stock and may be reissued as part of a new series of
Preferred Stock to be created by resolution or resolutions of the Board of
Directors, subject to the conditions and restrictions on issuance set forth herein and, in the
Restated Certificate of Incorporation, as then amended.

     Section 7. Liquidation, Dissolution or Winding Up. Upon any liquidation, dissolution
or winding up of the Corporation, the holders of shares of Series B Participating Preferred Stock
shall be entitled to receive an aggregate amount per share equal to 1,000 times the aggregate
amount to be distributed per share to holders of shares of Common Stock plus an amount equal to any
accrued and unpaid dividends on such shares of Series B Participating Preferred Stock.

     Section 8. Consolidation, Merger, etc. In case the Corporation shall enter into any
consolidation, merger, combination or other transaction in which the shares of Common Stock are
exchanged for or changed into other stock or securities, cash and/or any other property, then in
any such case the shares of Series B Participating Preferred Stock shall at the same time be
similarly exchanged or changed in an amount per share equal to 1,000 times the aggregate amount of
stock, securities, cash and/or any other property (payable in kind), as the case may be, into which
or for which each share of Common Stock is changed or exchanged.

     Section 9. No Redemption. The shares of Series B Participating Preferred Stock shall
not be redeemable.

     Section 10. Ranking. The Series B Participating Preferred Stock shall rank junior to
all other series of the Corporation’s Preferred Stock as to the payment of dividends and the
distribution of assets, unless the terms of any such series shall provide otherwise.

     Section 11. Amendment. The Restated Certificate of Incorporation of the Corporation
shall not be further amended in any manner which would materially alter or change the powers,
preference or special rights of the Series B Participating Preferred Stock so as to affect them
adversely without the affirmative vote of the holders of a majority of the outstanding shares of
Series B Participating Preferred Stock, voting separately as a class.

     Section 12. Fractional Shares. Series B Participating Preferred Stock may be issued
in fractions of a share which shall entitle the holder, in proportion to such holder’s fractional
shares, to exercise voting rights, receive dividends, participate in distributions and to have the
benefit of all other rights of holders of Series B Participating Preferred Stock.

 

 

     RESOLVED FURTHER, that the President or any Vice President and the
Secretary or any Assistant Secretary of this corporation be, and they hereby are, authorized and
directed to prepare and file a Certificate of Designation of Rights, Preferences and Privileges in
accordance with the foregoing resolution and the provisions of Delaware law and to take such
actions as they may deem necessary or appropriate to carry out the intent of the foregoing
resolution.”

     We further declare under penalty of perjury that the matters set forth in the foregoing
Certificate of Designation are true and correct to our own knowledge.

     Executed at San Jose, California on October 26, 1999.

	 	 	 	 	 
	 

	 	/s/ Albert E. Sisto	 	 
	 

	 	 

Albert E. Sisto,
	 	 
	 

	 	President and Chief Executive Officer	 	 
	 
	 	 	 	 
	 

	 	/s/ Stuart J. Nichols	 	 
	 

	 	 

Stuart J. Nichols,
	 	 
	 

	 	Secretary

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