Document:

Exhibit 4.1

 

SEVENTH SUPPLEMENTAL INDENTURE

 

This Seventh Supplemental Indenture (this “Supplemental Indenture”), dated as of September 24, 2014, among SFX Entertainment, Inc., a Delaware corporation (the “Issuer”), the guarantors party hereto (the “Guarantors”) and U.S. Bank National Association, as Trustee (in such capacity, the “Trustee”) and as Collateral Agent (in such capacity, the “Collateral Agent”), supplements and amends the Indenture (as hereinafter defined).

 

W I T N E S S E T H

 

WHEREAS, each of the Issuer and the Guarantors has heretofore executed and delivered to the Trustee and the Collateral Agent an indenture (as amended, supplemented or modified from time to time, the “Indenture”), dated as of February 4, 2014, providing for the issuance of 9.625% Second Lien Senior Secured Notes due 2019, including $220,000,000 which were issued on the date of the Indenture (the “Initial Securities”);

 

WHEREAS, all things necessary to make the $75,000,000 aggregate principal amount of Additional Securities (the “New Securities”, together with the Initial Securities, the “Securities”) issued under this Supplemental Indenture as part of the same series as the Initial Securities, when executed by the Issuer and authenticated and delivered to the Trustee and issued upon the terms and subject to the conditions set forth herein and in the Indenture against payment therefor, the valid, binding and legal obligations of the Issuer and to make this Supplemental Indenture a valid, binding and legal agreement of the Issuer, have been done;

 

WHEREAS, this Supplemental Indenture, the Officers’ Certificate and the Opinion of Counsel described in Sections 9.05, 12.03 and 12.04 are being delivered pursuant to Sections 2.01, 2.03 and 9.01(9) of the Indenture; and

 

WHEREAS, the execution and delivery of this Supplemental Indenture have been duly authorized by the Issuer and the Guarantors, and all other acts necessary to make this Supplemental Indenture a valid and binding supplement to the Indenture effectively amending the Indenture as set forth herein have been duly taken.

 

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 of the Securities as follows:

 

ARTICLE 1

 

AUTHORIZATION AND ISSUANCE OF NEW SECURITIES

 

1.1                               Authorization and Issuance of the New Securities.

 

(a)                                 The Issuer is entitled to issue the New Securities under this Supplemental Indenture, which will have identical terms as the Initial Securities, other than with respect to the date of issuance. The New Securities will constitute Additional Securities under the Indenture, and the Initial Securities and the New Securities will be treated as a single class of securities for

 

 

all purposes under the Indenture and this Supplemental Indenture.  The New Securities will be Permitted Indebtedness under the Indenture.

 

ARTICLE 2

 

EXECUTION AND AUTHENTICATION OF NEW SECURITIES

 

2.1                               Execution and Authentication of the New Securities.

 

(a)                                 The Trustee will, upon receipt of one or more written authentication orders of the Issuer signed by an Officer, authenticate and deliver the New Securities under the Indenture and this Supplemental Indenture.

 

ARTICLE 3

 

MISCELLANEOUS

 

3.1                               Definitions.

 

All capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

3.2                               Effectiveness.

 

This Supplemental Indenture shall become effective and binding upon the execution and delivery by each of the parties hereto (the “Amendment Operative Time”).

 

3.3                               Effect of Supplemental Indenture.

 

From and after the Amendment Operative Time, the Indenture shall be amended and supplemented in accordance herewith.  Each reference in the Indenture to “this Indenture”, “hereunder”, “hereof”, or “herein” shall mean and be a reference to the Indenture as amended and supplemented by this Supplemental Indenture unless the context otherwise requires.  The Indenture and the Securities are in all respects ratified and confirmed and remain in full force and effect.  This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered under the Indenture shall be bound hereby and all terms and conditions of the Indenture and this Supplemental Indenture shall be read together as though they constitute a single instrument, except that in the case of a conflict or inconsistency the provisions of this Supplemental Indenture shall control.

 

3.4                               Governing Law.

 

THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

2

 

3.5                               Waiver of Jury Trial.

 

EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 

3.6                               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.

 

3.7                               Severability.

 

In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

3.8                               Successors.

 

All agreements of the Issuer or any Guarantor in this Supplemental Indenture shall bind their respective successors.  All agreements of the Trustee in this Supplemental Indenture shall bind its successors.  All agreements of the Collateral Agent in this Supplemental Indenture shall bind its successors.

 

3.9                               Headings.

 

The headings of the Articles and Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

 

3.10                        Trustee.

 

The Trustee shall not 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 are made by the Issuer.

 

[Signatures on following page]

 

3

 

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

 

	
 
    	
ISSUER:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SFX   ENTERTAINMENT, INC., as Issuer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert F.X. Sillerman
    
	
 
    	
Name:   Robert F.X. Sillerman
    
	
 
    	
Title:   Chief Executive Officer
    

 

[Signature Page to the Seventh Supplemental Indenture]

 

 

	
 
    	
GUARANTORS:
    
	
 
    	
 
    
	
 
    	
430 ACQUISITION LLC
    
	
 
    	
430R ACQUISITION LLC
    
	
 
    	
BEATPORT JAPAN, LLC
    
	
 
    	
BEATPORT, LLC
    
	
 
    	
CORE PRODUCTIONS LLC
    
	
 
    	
EZ FESTIVALS, LLC
    
	
 
    	
FLAVORUS, INC.
    
	
 
    	
ID&T/SFX MYSTERYLAND LLC
    
	
 
    	
ID&T/SFX NORTH AMERICA LLC
    
	
 
    	
ID&T/SFX Q-DANCE LLC
    
	
 
    	
ID&T/SFX SENSATION LLC
    
	
 
    	
ID&T/SFX TOMORROWWORLD LLC
    
	
 
    	
LETMA ACQUISITION, LLC
    
	
 
    	
MADE EVENT, LLC
    
	
 
    	
MICHIGAN JJ HOLDINGS LLC
    
	
 
    	
MICHIGAN JJ LLC
    
	
 
    	
PITA I LLC
    
	
 
    	
PITA III LLC
    
	
 
    	
SFX/AB LIVE EVENT CANADA, INC.
    
	
 
    	
SFX/AB LIVE EVENT LLC
    
	
 
    	
SFX/AB LIVE INTERMEDIATE HOLDCO LLC
    
	
 
    	
SFX ACQUISITION, LLC
    
	
 
    	
SFX DEVELOPMENT LLC
    
	
 
    	
SFX-DISCO INTERMEDIATE HOLDCO LLC
    
	
 
    	
SFX-DISCO OPERATING LLC
    
	
 
    	
SFX EDM HOLDINGS CORPORATION
    
	
 
    	
SFXE IP LLC
    
	
 
    	
SFX EX IP LLC
    
	
 
    	
SFX EXPERIENCE, LLC
    
	
 
    	
SFX-HUDSON LLC
    
	
 
    	
SFX-IDT N.A. HOLDING II LLC
    
	
 
    	
SFX-IDT N.A. HOLDING LLC
    
	
 
    	
SFX INTERMEDIATE HOLDCO II LLC
    
	
 
    	
SFX INTERNATIONAL, INC.
    
	
 
    	
SFX IP LLC
    
	
 
    	
SFX-LIC OPERATING LLC
    
	
 
    	
SFX MADE IP LLC
    
	
 
    	
SFX MANAGING MEMBER INC.
    
	
 
    	
SFX MARKETING LLC
    
	
 
    	
SFX NIGHTLIFE TELEVISION LLC
    
	
 
    	
SFX-NIGHTLIFE OPERATING LLC
    
	
 
    	
SFX-94 LLC
    
	
 
    	
SFX-PERRYSCOPE LLC
    
	
 
    	
SFX   PLATFORM & SPONSORSHIP LLC
    
	
 
    	
SFX-REACT OPERATING LLC
    
	
 
    	
STEREOSONIC US IP LLC
    
	
 
    	
SPRING AWAKENING, LLC
    
	
 
    	
WORKTEAM ACQUISITION, LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Richard Rosenstein
    
	
 
    	
Name:   Richard Rosenstein
    
	
 
    	
Title:   Chief Financial Officer
    

 

[Signature Page to the Seventh Supplemental Indenture]

 

 

	
 
    	
TRUSTEE:
    
	
 
    	
 
    
	
 
    	
U.S.   BANK NATIONAL ASSOCIATION, as Trustee
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Linda E. Garcia
    
	
 
    	
Name:   Linda E. Garcia
    
	
 
    	
Title:   Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
COLLATERAL   AGENT:
    
	
 
    	
 
    
	
 
    	
U.S.   BANK NATIONAL ASSOCIATION, as Collateral Agent
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Linda E. Garcia
    
	
 
    	
Name:   Linda E. Garcia
    
	
 
    	
Title:   Vice President
    

 

[Signature Page to the Seventh Supplemental Indenture]Ex 4.1 SJIFormofSeries2014A-3NoteSeptember2014

FORM OF SERIES 2014A-3 NOTE
SOUTH JERSEY INDUSTRIES, INC.
3.05% SENIOR NOTE, SERIES 2014A-3, DUE SEPTEMBER 26, 2019
No. NB2014A3-__    [Date]
$[_______]    PPN[______________]

FOR VALUE RECEIVED, the undersigned, SOUTH JERSEY INDUSTRIES, INC. (herein called the “Company”), a corporation organized and existing under the laws of the State of New Jersey, hereby promises to pay to [____________], or registered assigns, the principal sum of [_____________________] DOLLARS (or so much thereof as shall not have been prepaid) on September 26, 2019, with interest (computed on the basis of a 360-day year of twelve 30‐day months) (a) on the unpaid balance hereof at the rate of 3.05% per annum from the date hereof, payable semiannually, on the 26th day of March and September in each year, commencing on March 26, 2015, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, on any overdue payment of interest and, during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make‐Whole Amount, at a rate per annum from time to time equal to the greater of (i) 5.05% or (ii) 2% over the rate of interest publicly announced by Bank of America, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand).
Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at Bank of America, N.A., New York, New York, or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred to below.
This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to the Note Purchase Agreement, dated as of June 26, 2014 (as from time to time amended, the “Note Purchase Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits thereof.  This Note is a Series 2014A-3 Note.  Each holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase Agreement and (ii) made the representations set forth in Section 6 of the Note Purchase Agreement.  Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase Agreement.
This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for registration of transfer accompanied by a written instrument of transfer 

duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee.  Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary.
The Company will make required prepayments of principal on the dates and in the amounts specified in the Note Purchase Agreement.  This Note is subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise.  
If an Event of Default occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreement.
This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State.

SOUTH JERSEY INDUSTRIES, INC.

By
Name:
Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00235-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00235-of-00352.parquet"}]]