Document:

ston-ex43_361.htm

Exhibit 4.3

 

Second Supplemental Indenture (this “Supplemental Indenture”), dated as of January 30, 2020, among StoneMor, Inc., a Delaware corporation (the “C-Corporation”), StoneMor Partners L.P., a Delaware limited partnership (the “Partnership”), Cornerstone Family Services of West Virginia Subsidiary, Inc., a West Virginia corporation (together with the Partnership, the “Issuers”), StoneMor LP Holdings, LLC, a Delaware limited liability company (the “Subsidiary Guarantor”), a subsidiary of the C-Corporation, and Wilmington Trust, National Association, in its capacity as trustee (the “Trustee”) and as collateral agent (the “Collateral Agent”).

W I T N E S E T H 

WHEREAS, the Issuers, the C-Corporation and the Subsidiary Guarantors have heretofore executed and delivered to Wilmington Trust, National Association, in its capacity as the Collateral Agent and as the Trustee, an indenture dated as of June 27, 2019, as supplemented by that certain First Supplemental Indenture, dated as of December 31, 2019 (as amended, modified or supplemented from time to time, the “Indenture”), providing for the issuance of $385,000,000 of 9.875% / 11.500% Senior Secured PIK Toggle Notes due 2024 (the “Notes”);

WHEREAS, the Indenture provides that under certain circumstances the Subsidiary Guarantor shall execute and deliver to the Trustee and the Collateral Agent a supplemental indenture pursuant to which the Subsidiary Guarantor shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the “Guarantee”); and

WHEREAS, pursuant to Section 12.01(c) of the Indenture, the Issuers, the C-Corporation, the Subsidiary Guarantor, the Trustee and the Collateral Agent are authorized to execute and deliver this Supplemental Indenture without the consent of Holders.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

(1)Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

(2)Agreement to Guarantee. The Subsidiary Guarantor hereby agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including Article XIII thereof.

(3)Execution and Delivery. The Subsidiary Guarantor agrees that the Guarantee shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes.

(4)Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

(5)Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy, which may be delivered by facsimile or PDF transmission, shall be an original, but all of them together represent the same agreement. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

(6)Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.

(7)The Trustee and the Collateral Agent. Neither the Trustee nor the Collateral Agent makes any representations or shall be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Subsidiary Guarantor.

(8)Ratification of Indenture; Supplemental Indenture 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 heretofore or hereafter authenticated and delivered shall be bound hereby.

(9)Representations and Warranties by the Subsidiary Guarantor. The Subsidiary Guarantor hereby represents and warrants to the Trustee and the Collateral Agent that this Supplemental Indenture has been duly and validly executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms and the terms of the Indenture.

[Remainder of Page Intentionally Blank]

2

 

IN WITNESS WHEREOF, each of the parties hereto have caused this Second Supplemental Indenture to be duly executed by their respective authorized officers as of the date first written above.

		
	
 
	
STONEMOR INC.

 

By:  /s/ Jeffrey DiGiovanni  

Name: Jeffrey DiGiovanni
Title: Chief Financial Officer

	
 
	
 

 

STONEMOR PARTNERS L.P.

 

 

By:  /s/ Jeffrey DiGiovanni  

Name: Jeffrey DiGiovanni

Title: Chief Financial Officer

 

 

CORNERSTONE FAMILY SERVICES OF

WEST VIRGINIA SUBSIDIARY, INC.

 

 

By:  /s/ Jeffrey DiGiovanni  

Name: Jeffrey DiGiovanni

Title: Chief Financial Officer

 

 

STONEMOR LP HOLDINGS, LLC

 

 

By:  /s/ Jeffrey DiGiovanni  

Name: Jeffrey DiGiovanni

Title: Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature Page to Second Supplemental Indenture]

 

 

 

 

WILMINGTON TRUST, NATIONAL ASSOCIATION,

not in its individual capacity, but solely in its capacity as the Trustee and as the Collateral Agent

 

 

By:   /s/ Joseph P. O’Donnell

Name:  Joseph P. O’Donnell
Title:    Vice President

[Signature Page to Second Supplemental Indenture]ston-ex47_360.htm

Exhibit 4.7

SUPPLEMENT TO COLLATERAL AGREEMENT

Reference is hereby made to the Collateral Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), dated as of June 27, 2019, made by each of StoneMor Partners, L.P., a Delaware limited liability company (the “Partnership”), Cornerstone Family Services of West Virginia Subsidiary, Inc., a West Virginia corporation (the “Co-Issuer” and, together with the Partnership, the “Issuers”) the other Grantors from time to time party thereto, and Wilmington Trust, National Association, as the Collateral Agent.  Capitalized terms used herein and not defined herein shall have the meanings given to them in the Agreement.

Section 9.21 of the Agreement provides that an Additional Grantor may become a Grantor under the Agreement by the execution and delivery of a written supplement to the Agreement substantially in the form of this Supplement to become a Grantor in accordance with the terms of the Indenture.

By its execution below, the undersigned, StoneMor LP Holdings, LLC, a Delaware limited liability company (the “New Grantor”), agrees to become, and does hereby become, a Grantor under the Agreement and agrees to be bound by the Agreement as if originally a party thereto.  The New Grantor hereby collaterally assigns and pledges to the Collateral Agent for the benefit of the Secured Parties, and grants to the Collateral Agent for the benefit of the Secured Parties, a security interest in all of the New Grantor’s right, title and interest in and to the Collateral, whether now owned or hereafter acquired, to secure the prompt and complete payment and performance of the Secured Obligations.  For the avoidance of doubt, the grant of a security interest herein shall not be deemed to be an assignment of intellectual property rights owned by the New Grantor.

By its execution below, the undersigned represents and warrants as to itself that all of the representations and warranties contained in the Agreement are true and correct in all material respects (without duplication of any materiality or Material Adverse Effect qualifier) as of the date hereof.  The New Grantor represents and warrants that the schedule supplements (to the Perfection Certificate) attached hereto are true and correct in all material respects (without duplication of any materiality or Material Adverse Effect qualifier) and that such supplements set forth all information required to be scheduled under the Perfection Certificate with respect to the New Grantor; and the Perfection Certificate shall be deemed to be so supplemented upon execution of this Supplement.  The New Grantor shall take all steps necessary and required under the Agreement to perfect, in favor of the Collateral Agent, a first priority Lien against the New Grantor’s Collateral, subject to Liens permitted under Section 8.02 of the Indenture.

THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

IN WITNESS WHEREOF, the New Grantor has executed and delivered this Supplement as of this 30th day of January, 2020.

STONEMOR LP HOLDINGS, LLC

 

 

  /s/ Jeffrey DiGiovanni  

By:  

Name: Jeffrey DiGiovanni

Title: Chief Financial Officer

Exhibit 4.7

SCHEDULES TO THE SUPPLEMENT TO COLLATERAL AGREEMENT

Schedule 1(a)

Legal Names, Etc.

 

					
	
Exact Legal Name
	
Type of 

Entity
	
State of Organization
	
 

EIN
	
State Organizational Number

	
StoneMor LP Holdings, LLC
	
Limited liability company
	
Delaware
	
80-0103159
	
7063826

 

 

Schedule 1(b)

Prior Organizational Names

 

Not Applicable

 

 

Schedule 1(c)

Changes in Organizational Identity; Other Names

 

Not Applicable

 

 

Schedule 2(a)

Chief Executive Offices

 

3600 Horizon Boulevard, Suite 100, Trevose, PA 19053.

 

 

Schedule 3(a)

Prior Locations Maintained by Company/Subsidiaries

 

Not Applicable

 

 

Schedule 4

File Search Reports

 

Not Applicable

 

 

Schedule 5

Copy of Financing Statements To Be Filed

 

A financing statement (duly authorized by the New Grantor as the debtor therein), including therein the indications of the collateral, is attached to this Schedule 5 and has been prepared for filing in the proper Uniform Commercial Code filing office in the jurisdiction identified thereon.

 

 

 

Schedule 6

Filings/Filing Office

 

The proper filing office for the financing statement attached to Schedule 5 is identified thereon. No other actions are required to create, preserve, protect and perfect the security interests in the Pledged Collateral granted to the Collateral Agent pursuant to the Security Documents. 

 

 

Schedule 7

Real Property

 

Not Applicable

 

 

Schedule 8

Fixtures

 

Not Applicable

 

 

Schedule 9

Termination Statements

 

Not Applicable

 

 

Schedule 10(a)

Stock Ownership and Other Equity Interests

 

				
	
 

 

Grantor Issuer
	
 

Jurisdiction of Incorporation or Organization
	
 

Grantor Owner, Number and % of Equity Interests Owned

 
	
 

Class or Nature of Equity Interests and Certificate Number

	
StoneMor LP Holdings, LLC
	
Delaware
	
StoneMor Inc., 100%
	
N/A

 

 

 

Schedule 10(b)

Other Equity Interests

 

The New Grantor owns 2,332,878 common units representing limited partner interests in the Partnership pursuant to that certain Merger and Reorganization Agreement, dated September 27, 2018 entered into by and among the Partnership, StoneMor GP LLC, a Delaware limited liability company, the New Grantor, and Hans Merger Sub, LLC, a Delaware limited liability company.

 

 

Schedule 11

Instruments and Tangible Chattel Paper

 

Not Applicable

 

 

Schedule 12

Intellectual Property

 

Not Applicable

 

 

Schedule 13

Commercial Tort Claims

 

Not Applicable

 

 

Schedule 14

Deposit Accounts, Securities Accounts and Commodity Accounts

 

Not Applicable

 

 

Schedule 15

Letter-of-Credit Rights

 

Not Applicable

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