Document:

exv4w5

EXHIBIT 4.5

SECOND SUPPLEMENTAL INDENTURE

     SECOND SUPPLEMENTAL INDENTURE (“Second Supplemental Indenture”), dated as of December 29,
2008, among Triad Financial SM LLC, a Delaware limited liability company (“SMLLC”), Triad Financial
SM Inc., a Delaware corporation and wholly-owned subsidiary of SMLLC (“SMINC”), and The Bank of New
York Mellon, a New York banking corporation, as successor to JP Morgan Chase Bank, N.A., as trustee
under the Indenture referred to below (the “Trustee”).

WITNESSETH:

     WHEREAS, Triad Acquisition Corp., a Delaware corporation (the “Issuer”) and the Trustee
heretofore executed and delivered an Indenture, dated as of April 29, 2005 (as heretofore amended
and supplemented, the “Indenture”), providing for the issuance of the 11.125% Senior Notes due 2013
(the “Notes”);

     WHEREAS, pursuant to Section 5.01 of the Indenture, on April 29, 2005, Triad Financial
Corporation, a California corporation (the “Company”), became the successor to the Issuer by
executing and delivering a Supplemental Indenture (the “First Supplemental Indenture”), dated as of
April 29, 2005, to the Trustee;

     WHEREAS, pursuant to an Agreement and Plan of Merger, dated as of December 29, 2008, by and
between the Company and SMLLC, the Company will be merged with and into SMLLC (such transaction,
the “Merger”);

     WHEREAS, pursuant to Section 5.01(2) of the Indenture, as a condition to certain permitted
consolidations or mergers of the Company, which include the Merger, the Person formed by or
surviving any such consolidation or merger (if other than the Company) (the “Surviving Person”) is
required to assume all the obligations of the Company under the Notes and the Indenture pursuant to
agreements reasonably satisfactory to the Trustee;

     WHEREAS, pursuant to Section 5.01(1) of the Indenture, as a condition to certain permitted
consolidations or mergers of the Company, which include the Merger, if the Surviving Person is a
partnership or limited liability company, then a corporation wholly owned by such Person organized
or existing under the laws of the United States, any state of the United States or the District of
Columbia that does not and will not have any material assets or operations, is required to become a
co-issuer of the Notes pursuant to a supplemental indenture substantially in the form set forth in
the Indenture;

     WHEREAS, Section 5.02 of the Indenture provides that upon the completion of certain mergers
that comply with Section 5.01 of the Indenture, the applicable Surviving Person shall succeed to,
and be substituted for (so that from and after the date of such merger, the provisions of the
Indenture referring to the “Company” shall refer instead to the successor Person and not to the
Company), and may exercise every right and power of the Company under the Indenture with the same
effect as if such successor Person had been named as the Company therein;

     WHEREAS, Section 9.01(3) of the Indenture provides that the Company and the Trustee may amend
the Indenture and the Notes, without notice to or consent of any Holders of the Notes, in order to
comply with Article 5 of the Indenture; and

 

 

     WHEREAS, this Second Supplemental Indenture has been duly authorized by all necessary entity
action on the part of SMLLC and SMINC.

     NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, SMLLC, SMINC and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

ARTICLE I

DEFINITIONS

     Section 1.1. Definitions. For all purposes of the Indenture and this Second
Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise
requires:

          (a) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to
the Indenture and this Second Supplemental Indenture as a whole and not to any particular Article,
Section or subdivision; and

          (b) initially capitalized terms used but not otherwise defined in this Second Supplemental
Indenture shall have the meanings assigned to them in the Indenture.

ARTICLE II

ASSUMPTION BY SUCCESSOR COMPANIES

     Section 2.1. Assumption of the Notes. SMLLC and SMINC, as co-issuers, hereby, jointly
and severally, expressly assume and agree promptly to pay, perform and discharge when due each and
every debt, obligation, covenant and agreement incurred, made or to be paid, performed or
discharged by the Company under the Indenture and the Notes.

     SMLLC and SMINC, as co-issuers, hereby, jointly and severally, agree to be bound by all the
terms, provisions and conditions of the Indenture and the Notes and that they shall be the
successors to the Company and shall succeed to, and be substituted for, and may exercise every
right and power of, the Company, as the predecessor to SMLLC, under the Indenture and the Notes.

     Section 2.2. Trustee’s Acceptance. The Trustee hereby accepts this Second
Supplemental Indenture and agrees to perform the same under the terms and conditions set forth in
the Indenture.

ARTICLE III

MISCELLAENOUS

     Section 3.1. Effect of Supplemental Indenture. Upon the execution and delivery of
this Second Supplemental Indenture by SMLLC, SMINC and the Trustee, the Indenture shall be
supplemented in accordance herewith, and this Second Supplemental Indenture shall form a part of
the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and
delivered under the Indenture shall be bound thereby.

     Section 3.2. Indenture Remains in Full Force and Effect. Except as supplemented
hereby, all provisions of the Indenture shall remain in full force and effect.

     Section 3.3. Indenture and Supplemental Indentures Construed Together. This Second
Supplemental Indenture is an indenture supplemental to the Indenture, and the Indenture, the First

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Supplemental Indenture and this Second Supplemental Indenture shall henceforth be read and construed
together.

     Section 3.4. Confirmation and Preservation of Indenture. The Indenture, as
supplemented by the First Supplemental Indenture and this Second Supplemental Indenture, is in all
respects confirmed and preserved.

     Section 3.5. Conflict with Trust Indenture Act. If any provision of this Second
Supplemental Indenture limits, qualifies or conflicts with any provision of the TIA that is
required under the TIA to be part of, and govern, any provision of this Second Supplemental
Indenture, the provision of the TIA shall control. If any provision of this Second Supplemental
Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the
provision of the TIA shall be deemed to apply to the Indenture as so modified or excluded by this
Second Supplemental Indenture, as the case may be.

     Section 3.6. Severability. In case any provision in this Second 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.

     Section 3.7. Benefits of Supplemental Indenture. Nothing in this Second Supplemental
Indenture or the Notes, express or implied, shall give to any Person, other than the parties hereto
and thereto and their successors hereunder and thereunder and the Holders of the Notes, any benefit
of any legal or equitable right, remedy or claim under the Indenture, the First Supplemental
Indenture, this Second Supplemental Indenture or the Notes.

     Section 3.8. Successors. All agreements of SMLLC and SMINC in this Second
Supplemental Indenture shall bind their respective successors. All agreements of the Trustee in
this Second Supplemental Indenture shall bind its successors.

     Section 3.9. Certain Duties and Responsibilities of the Trustee. In entering into
this Second Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision
of the Indenture and the Notes relating to the conduct or affecting the liability or affording
protection to the Trustee, whether or not elsewhere herein so provided.

     Section 3.10. Governing Law. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.

     Section 3.11. Multiple Originals. The parties may sign any number of copies of this
Second Supplemental Indenture, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

     Section 3.12. Headings. The Article and Section headings herein are inserted for
convenience of reference only, are not intended to be considered a part hereof and shall not modify
or restrict any of the terms or provisions hereof.

     Section 3.13. The Trustee. The Trustee shall not be responsible in any manner for, or
in respect of, the validity or sufficiency of this Second Supplemental Indenture or for, or in
respect of, the recitals contain herein, all of which are made by SMLLC, SMINC and the Company.

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SIGNATURE PAGE FOLLOWS

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

	 	 	 	 	 
	 	TRIAD FINANCIAL SM LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Jeffrey Butcher
 	 
	 	 	Name:  	Jeffrey Butcher 	 
	 	 	Title:  	Vice President & Chief Financial Officer 	 
	 
	 	TRIAD FINANCIAL SM INC.,

a Delaware corporation

 	 
	 	By:  	/s/ Jeffrey Butcher
 	 
	 	 	Name:  	Jeffrey Butcher 	 
	 	 	Title:  	Vice President & Chief Financial Officer 	 
	 
	 	THE BANK OF NEW YORK MELLON,

as Trustee

 	 
	 	By:  	/s/ Sherma Thomas
 	 
	 	 	Name:  	Sherma Thomas 	 
	 	 	Title:  	Assistant Treasurer 	 
	 

[Signature Page to Second Supplemental Indenture]exv4w6

EXHIBIT 4.6

Joinder Agreement

with respect to

Registration Rights Agreement

for

Triad Financial Corporation

$150,000,000 111/8% Senior Notes due 2013

December 29, 2008

     This Joinder Agreement (this “Joinder Agreement”) to that certain exchange and registration
rights agreement (the “Registration Rights Agreement”), dated as of April 29, 2005 (the “Initial
Closing Date”), among Triad Acquisition Corp., a Delaware corporation (the “Issuer”), and Goldman,
Sachs & Co. and Citigroup Global Markets, Inc. as representatives of the several Purchasers named
in Schedule I thereto (together, the “Purchasers”), is made and entered into by Triad Financial SM
LLC, a Delaware limited liability company (“SM LLC”) and Triad Financial SM Inc., a Delaware
corporation and wholly-owned subsidiary of SM LLC (“SM Inc.”). Unless otherwise defined herein,
capitalized terms used but not defined herein shall have the respective meanings given them in the
that certain purchase agreement, dated as of April 27, 2005 (the “Purchase Agreement”), among the
Issuer and the Purchasers.

     Pursuant to the Indenture, the Issuer issued and sold to the Purchasers on the Initial Closing
Date, $150,000,000 in aggregate principal amount of the Issuer’s 111/8% Senior Notes due 2013 (the
“Securities”). Substantially concurrent with the closing of the issuance of the Securities and the
closing of the Acquisition, the Issuer was merged with and into Triad Financial Corporation (the
“Company”), and the Company was the surviving corporation. As a result, on the Initial Closing
Date, the Company succeeded to the Issuer under the Indenture and, in accordance with the
Indenture, expressly assumed all of the obligations of the Issuer under the Securities and the
Indenture pursuant to the Supplemental Indenture, and the Registration Rights Agreement pursuant to
the certain Joinder Agreement with respect to Purchase Agreement and Registration Rights
Agreement, dated as of the Initial Closing Date (the “Initial Joinder Agreement”) by the Company.

     Pursuant to that certain Agreement and Plan of Merger, dated as of December 29, 2008, by and
between the Company and SM LLC, the Company has merged with and into SM LLC, and SM LLC is the
surviving entity (such transaction, the “Merger”). As a result of the Merger and upon the creation
of SM Inc., SM LLC and SM Inc. have succeeded to the Company under the Indenture and in accordance
with the Indenture, have expressly assumed all of the obligations of the Company under the
Securities and the Indenture pursuant to the Second Supplemental Indenture, dated as of December
29, 2008, by and among SM LLC, SM Inc., and the Trustee, and by this Joinder Agreement assume all
of the obligations of the Company under the Registration Rights Agreement.

     SM LLC and SM Inc. hereby, jointly and severally:

	 	1.	 	represent and warrant that the statements contained in the preceding paragraph are
true and correct in all material respects;
	 
	 	2.	 	unconditionally and irrevocably assume, confirm and agree to perform and observe each
and every of the covenants, agreements, terms, conditions, obligations, appointments,
duties,

 

 

	 	 	 	promises and liabilities of the Company under the Registration Rights Agreement,
as if SM LLC and SM Inc. had executed the Registration Rights Agreement simultaneously
with the Company on the date thereof as an original signatories thereto; and
	 
	 	3.	 	covenant and agree to promptly execute and deliver any and all further documents and
take such further action as may reasonably be required to effect the purpose of this
Joinder Agreement.

     This Joinder Agreement does not cancel, extinguish, limit or otherwise adversely affect any
right or obligation of the parties to the Registration Rights Agreement. The parties hereto
acknowledge and agree that all of the provisions of the Registration Rights Agreement shall remain
in full force and effect.

     This Joinder Agreement may not be amended or modified except by a writing executed by each of
the parties hereto.

     This Joinder Agreement may be executed in one or more counterparts, each of which will be
deemed an original, but all of which taken together will constitute one and the same instrument.
Delivery of an executed counterpart of a signature page to this Joinder Agreement by facsimile
transmission shall be effective as delivery of a manually signed counterpart. This Joinder
Agreement shall be governed by and construed in accordance with the laws of the State of New York.

[Signature Page Follows]

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement the date first above
written.

	 	 	 	 	 
	 	TRIAD FINANCIAL SM LLC

 	 
	 	By:  	/s/ Jeffrey Butcher
 	 
	 	 	Name:  	Jeffrey Butcher 	 
	 	 	Title:  	Vice President & Chief Financial
Officer 	 
	 
	 
	 	TRIAD FINANCIAL SM INC.

 	 
	 	By:  	/s/ Daniel D. Leonard
 	 
	 	 	Name:  	Daniel D. Leonard 	 
	 	 	Title:  	President and Chief Executive Officer

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