Document:

EX-4.4:

 

EXHIBIT 4.4

PROMISSORY NOTE

			
	$79,539,998.81
	 	New York, New York

November 24, 2004   

          FOR VALUE RECEIVED, the undersigned, COINMACH CORPORATION (the “Maker”), a Delaware
corporation, promises to pay to COINMACH SERVICE CORP., a Delaware corporation (“Holdco”),
on December 1, 2024 (the “Maturity Date”) the aggregate unpaid principal amount of all
Intercompany Advances (as defined below) (whether or not shown on Schedule A attached hereto (and
any continuation thereof)) made by Holdco to the Maker under this promissory note (this
“Incompany Note”) (including, without limitation, the initial Intercompany Advance made
hereunder in the principal amount of $79,539,998.81).

     1. Principal Payment Date. Any unpaid principal of this Intercompany Note
shall be paid on the Maturity Date.

     2. Interest Payment Dates. The unpaid principal amount of this Intercompany
Note from time to time outstanding shall bear interest at a rate of interest equal to 10.95% per
annum, which interest shall be paid quarterly in arrears on March 1, June 1, September 1 and
December 1 of each year, commencing on March 1, 2005 as well as on any date that any principal of
this Intercompany Note is due hereunder. Interest shall be computed on the basis of a 360-day year
comprised of twelve 30-day months.

     3. Prepayments.

     (a) Optional Prepayments. No optional prepayments of all or a part of
the principal amount of this Intercompany Note may be made by the Maker except in accordance
with the terms of this clause (a):

     (i) Make-Whole Prepayments. At any time prior to December 1,
2009, the Maker may, at its option, prepay all or part of the principal amount of
this Intercompany Note upon not less than 30 nor more than 60 days’ notice to the
holder of this Intercompany Note (the “Holder”), at a prepayment price equal
to the sum of the present value of the prepayment price of such principal amount to
be prepaid at the first optional prepayment date described in Section 3(b)
below and all required interest payments, excluding accrued but unpaid interest, due
on such principal amount through such first optional prepayment date, discounted to
the date of such prepayment on a quarterly basis, assuming 360-day years consisting
of twelve 30-day months, at the Treasury Rate plus 50 basis points, plus accrued and
unpaid interest to the prepayment date, subject to the right of the Holder to
receive interest due on the relevant interest payment date.

     (ii) Prepayment at Scheduled Prices. On or after December 1,
2009, the Maker may, at its option, prepay all or a part of the principal amount of
this Intercompany Note upon not less than 30 nor more than 60 days’ notice to the
Holder, at the prepayment prices, expressed as percentages of such principal amount
to be prepaid set forth below, plus accrued and unpaid interest on such principal
amount to be prepaid, to the applicable prepayment date, if prepaid during the
twelve-month period beginning on December 1 of the years indicated below:

 

 

	 	 	 	 	 
	 	 	Prepayment	 
	Year	 	Price	 
	2009
	 	 	105.475	%
	2010
	 	 	103.650	%
	2011
	 	 	101.825	%
	2012 and thereafter
	 	 	100.000	%

     (b) Change of Control Prepayment. Within 30 days following the date
upon which a Change of Control (as defined in the Indenture (as defined below)) shall have
occurred, the Maker shall notify the Holder of such Change of Control, and at the request of
the Holder, the Maker shall prepay all or such part of the principal amount of this
Intercompany Note as demanded by the Holder no earlier than 30 nor later than 60 days’
following the giving of such notice, at a prepayment price of 101% of such principal amount
to be prepaid plus accrued and unpaid interest on such principal amount to be prepaid.

     (c) Tax Prepayment. Upon demand by the Holder, the Maker shall prepay
all outstanding Intercompany Advances on the date specified in such demand at a prepayment
price equal to 100% of the aggregate outstanding principal amount of the Intercompany
Advances plus accrued and unpaid interest to the prepayment date; provided,
however, that Holder may only make such demand if, for U.S. federal income tax
purposes, Holdco is not, or would not be, permitted to deduct the interest payable on the
Notes (as defined in the Indenture) from its income.

     4. Payments Generally. All payments of principal of, and interest and
premium, if any, on, this Intercompany Note shall be payable in lawful currency of the United
States of America no later than 11:00 a.m. on the dates specified herein to the account designated
by the Holder; provided that if any such payment is due on a Saturday, a Sunday or a day on
which banking institutions in New York, New York are not required to be open (each, a “Legal
Holiday”), then such payment shall be made on the next succeeding day that is not a Legal
Holiday, and no interest shall accrue thereon for the intervening period.

     5. Intercompany Advances. From time to time, the Maker may request from
Holdco, and Holdco in its sole discretion may (but shall not be obligated to) make to the Maker,
advances (“Intercompany Advances”); provided that no Intercompany Advance may be made
hereunder unless each Subsidiary of the Maker that is a party to the Incorporated Agreement as a
guarantor shall have duly authorized, executed and delivered the Guaranty to the Maker. Such
Intercompany Advances, if made, shall constitute principal evidenced by this Intercompany Note and
shall be subject to the terms hereof. The date and amount of each Intercompany Advance made by
Holdco to the Maker shall be recorded by Holdco (or the Pledgee (as defined below)) on Schedule A
attached hereto or any continuation thereof; provided that the failure of Holdco (or the
Pledgee) to make any such recordation or endorsement shall not affect the obligations of the Maker
to make a payment when due of any amount owing hereunder in respect of the Intercompany Advances
made by Holdco.

     6. Enforceability. This Intercompany Note has been duly authorized, executed
and delivered by the Maker and constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms, except to the extent the enforceability hereof may be
limited by (i) the effect of bankruptcy, insolvency, reorganization, moratorium or other similar
laws now or hereafter in effect relating to or affecting the rights and remedies of creditors
generally and (ii) the effect of general principles of equity, whether enforcement is considered in
a proceeding in equity or at law.

 

 

     7. Covenants. The Maker agrees that, from and after the date hereof and so
long as any amounts remain outstanding and unpaid under this Intercompany Note, and for the benefit
of Holdco and the Pledgee:

     (a) the Maker shall, and (where and to the extent contemplated by the terms
of the Incorporated Agreement) shall cause each of its Subsidiaries to, comply with the
affirmative covenants set forth in the following sections of the Incorporated Agreement:

     (i) 4.03 (“Corporate Existence”); provided that the reference
in such section to “Article Five” shall be deemed to refer to clause (b)(x)
below;

     (ii) 4.04 (“Payment of Taxes and Other Claims”);

     (iii) 4.05 (“Maintenance of Properties and Insurance”);
provided that the references in such section to “Section 4.05” shall be
deemed to refer to this clause (iii);

     (iv) 4.06(a) and (c)(i) (“Compliance Certificate; Notice of
Default”); provided that the reference in such section to “Section 11.02”
shall be deemed to refer to Section 10 hereof;

     (v) 4.07 (“Compliance with Laws”); and

     (vi) 4.14 (“Additional Subsidiary Guarantees”); provided that
(A) the reference in such section to the “Trustee” shall be deemed to refer to
Holdco and the Pledgee and (B) clause (1) of such section shall be deemed to have
been amended and restated in its entirety to read as follows: “(1) execute and
deliver to Holdco and the Pledgee a supplement to the Guaranty, substantially in
the form of Exhibit A to the Guaranty, pursuant to which such Restricted Subsidiary
shall unconditionally guarantee all of the Maker’s obligations under this
Intercompany Note; and”; and

     (b) the Maker shall not, nor shall it permit (where and to the extent
contemplated by the terms of the Incorporated Agreement) any of its Subsidiaries to, violate
any of the negative covenants set forth in the following sections of the Incorporated
Agreement:

     (i) 4.09 (“Waiver of Stay, Extension or Usury Laws”);

     (ii) 4.10 (“Limitation on Restricted Payments”); provided that
the references in such section to “Section 4.12” shall be deemed to refer to
clause (iv) below;

     (iii) 4.11 (“Limitation on Transactions with Affiliates”);
provided that the reference in such section to “Section 4.10” shall be deemed
to refer to clause (ii) above;

     (iv) 4.12 (“Limitation on Incurrence of Additional Indebtedness”);
provided that notwithstanding anything to the contrary in Section 4.12 of the
Incorporated Agreement, the incurrence by the Maker of any Indebtedness evidenced
hereby or by any Guarantor of any Indebtedness under the Guaranty in respect of the
Indebtedness evidenced hereby shall not be deemed to result in a default by the
Maker of its obligations under this clause (iv);

 

 

     (v) 4.13 (“Limitation on Dividend and Other Payment Restrictions
Affecting Restricted Subsidiaries”);

     (vi) 4.16 (“Limitation on Asset Sales”); provided that the
references in such section to “Section 4.16” and “Section 5.01” shall be deemed to
refer to this clause (vi) and clause (x) below, respectively;

     (vii) 4.17 (“Limitation on Preferred Stock of Non-Guarantor
Subsidiaries”);

     (viii) 4.18 (“Limitation on Liens”); provided that the
references in such section to “Section 4.12” and “Section 4.18” shall be deemed to
refer, respectively, to clause (iv) above and this clause (viii),
respectively;

     (ix) 4.19 (“Conduct of Business”); and

     (x) 5.01 (“Merger, Consolidation and Sale of Assets”);
provided that (i) the references in such section to “Section 4.12” and
“Section 5.01” shall be deemed to refer to clause (iv) above and this clause,
respectively, and (ii) upon any consolidation, combination or merger or any transfer
of all or substantially all of the assets of the Maker in accordance with such
Section 5.01 of the Incorporated Agreement (as incorporated by reference herein) in
which the Maker is not the continuing corporation, the successor Person formed by
such consolidation or into which the Maker is merged or to which such conveyance,
lease or transfer is made shall succeed to, and be substituted for, and may exercise
every right and power of, the Maker under this Intercompany Note with the same
effect as if such surviving entity had been named as such, and the Maker shall be
released from the obligations under this Intercompany Note except in the case of a
lease of the Maker’s assets and except with respect to any obligations under this
Intercompany Note that arise from, or relate to, such transaction.

     8. Events of Default.

     (a) Events of Default. An “Event of Default” shall occur if:

     (i) the Maker fails to pay interest on this Intercompany Note when the same
becomes due and payable and the default continues for a period of 30 consecutive days;

     (ii) the Maker fails to pay the principal of, or premium, if any, on, this
Intercompany Note, when such principal or premium, if any, becomes due and payable (whether
at maturity, upon redemption or otherwise);

     (iii) the Maker defaults in the observance or performance of any of the
covenants described in clauses (b)(vi) and (ix) of Section 7 and the
default continues for a period of 60 days after the Maker receives written notice specifying
the default (and demanding that such default be remedied) from the Holder;

     (iv) a default in the observance or performance of any other covenant or
agreement contained in this Intercompany Note and the default continues for a period of 30
days after the Maker receives written notice specifying the default (and demanding that such
default be remedied) from the Holder (except in the case of a default with respect to
clause (b)(x) of Section

 

 

7, which will constitute an Event of Default with such notice requirement but
without such passage of time requirement);

     (v) the failure to pay at final maturity (giving effect to any applicable
grace periods and any extensions thereof) the principal amount of any Indebtedness of the
Maker or any Restricted Subsidiary of the Maker, or the acceleration of the final maturity
of any such Indebtedness (which acceleration is not rescinded, annulled or otherwise cured
within 20 days of receipt by the Maker or such Restricted Subsidiary of notice of any such
acceleration) if the aggregate principal amount of such Indebtedness, together with the
principal amount of any other such Indebtedness in default for failure to pay principal at
final maturity or which has been accelerated (in each case with respect to which the 20-day
period described above has elapsed), aggregates $10,000,000 or more at any time;

     (vi) one or more judgments in an aggregate amount in excess of $10,000,000
(which are not covered by insurance as to which the insurer has not disclaimed coverage)
shall have been rendered against the Maker or any of its Restricted Subsidiaries and such
judgments remain undischarged, unpaid or unstayed for a period of 60 days after such
judgment or judgments become final and non-appealable;

     (vii) the Maker or any Significant Subsidiary (A) commences a voluntary case
or proceeding under any Bankruptcy Law with respect to itself, (B) consents to the entry of
a judgment, decree or order for relief against it in an involuntary case or proceeding under
any Bankruptcy Law, (C) consents to the appointment of a Custodian of it or for
substantially all of its property, (D) consents to or acquiesces in the institution of a
bankruptcy or an insolvency proceeding against it, (E) makes a general assignment for the
benefit of its creditors, or (F) takes any corporate action to authorize or effect any of
the foregoing;

     (viii) a court of competent jurisdiction enters a judgment, decree or order
for relief in respect of the Maker or any Significant Subsidiary in an involuntary case or
proceeding under any Bankruptcy Law, which shall (A) approve as properly filed a petition
seeking reorganization, arrangement, adjustment or composition in respect of the Maker or
any Significant Subsidiary, (B) appoint a Custodian of the Maker or any Significant
Subsidiary or for substantially all of its property or (C) order the winding-up or
liquidation of its affairs; and such judgment, decree or order shall remain unstayed and in
effect for a period of 60 consecutive days; or

     (ix) the Guaranty of a Significant Subsidiary ceases to be in full force and
effect or the Guaranty of a Significant Subsidiary is declared to be null and void and
unenforceable or the Guaranty of a Significant Subsidiary is found to be invalid or any
Guarantor that is a Significant Subsidiary denies its liability under the Guaranty (other
than by reason of release of a Guarantor in accordance with the terms of this Intercompany
Note);

provided, however, that if an Event of Default shall be deemed to have occurred under
clause (iii), (iv), (v), (vi) or (ix) and the correlative “Event of Default” as defined in the
Incorporated Agreement shall have been waived in accordance with the terms of the Incorporated
Agreement, then such Event of Default shall be deemed not to have occurred at all and any
acceleration effected under Section 8(b) below solely as a result of such Event of Default
shall be deemed to have been rescinded automatically without further action or notice on the part
of the Holder.

 

 

     (b) Acceleration.

     (i) If an Event of Default (other than an Event of Default specified in
Section 8(a)(vii) or (viii) with respect to the Maker or any of its
Significant Subsidiaries) occurs and is continuing and has not been waived by the Holder
(provided that no such waiver shall be effective unless consented to by the Pledgee),
then the Holder may declare the principal of and premium, if any, and accrued and unpaid
interest on this Intercompany Note to be due and payable by notice in writing to the Maker
specifying the respective Event of Default and that it is a “notice of acceleration” (the
“Acceleration Notice”), and the same shall become immediately due and payable.

     (ii) If an Event of Default specified in Section 8(a)(vii) or
(viii) with respect to the Maker or any of its Significant Subsidiaries occurs and is
continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid
interest on this Intercompany Note shall ipso facto become and be immediately
due and payable without any declaration or other act on the part of the Holder.

     (c) Other Remedies. If an Event of Default occurs and is continuing, the
Holder may pursue any available remedy by proceeding at law or in equity to collect the payment of
principal of, principal on or interest on this Intercompany Note or to enforce the performance of
any provision of this Intercompany Note. A delay or omission by the Holder in exercising any right
or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a
waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All
available remedies are cumulative to the extent permitted by law.

     9. Amendments. No amendment, modification or waiver of, or consent with
respect to, any provision of this Intercompany Note shall in any event be effective unless (a) the
same shall be in writing and signed and delivered by the Maker and Holdco, and (b) consented to in
writing by the Pledgee; provided, however, that the consent of the Pledgee shall not
be required:

     (a) to cure any ambiguity, omission, defect or inconsistency (including any
ambiguity, omission, defect or inconsistency arising as a result of the operation of the
proviso to the definition of the term “Incorporated Agreement”);

     (b) to provide for the assumption of the obligations of the Maker under this
Intercompany Note in the case of a merger or consolidation of the Maker or sale of all or
substantially all of the Maker’s assets in accordance with the terms of Section
7(b)(x);

     (c) to make any change that would provide any additional rights or benefits
to the Holder or, indirectly, to the holders of the Notes (as defined in the Indenture), or
that does not adversely affect the legal rights of the Holder hereunder; and

     (d) to conform the text of the terms of this Intercompany Note to any
provision of the prospectus dated November 19, 2004 that relates to the Initial Notes (as
defined in and issued under the Indenture) to the extent that such provision in such
prospectus was intended to be a verbatim recitation of a provision of this Intercompany
Note.

When a Default or Event of Default is so waived, it is cured and ceases.

 

 

     10. Notices. Any notices or other communications required or permitted
hereunder shall be in writing, and shall be sufficiently given if made by hand delivery, by
telecopier or registered or certified mail, postage prepaid, return receipt requested, addressed as
follows:

if to the Maker:

Coinmach Corporation

303 Sunnyside Boulevard, Suite 70

Plainview, New York 11803

Attn: Chief Executive Officer

Facsimile Number: (516) 349-9125

if to Holdco:

Coinmach Service Corp.

303 Sunnyside Boulevard, Suite 70

Plainview, New York 11803

Attn: Chief Executive Officer

Facsimile Number: (516) 349-9125

if to Pledgee:

The Bank of New York, as Collateral Agent

101 Barclay Street, Fl. 8W

New York, New York 10286

Attn: Corporate Trust Administration

Facsimile Number: 212-815-5707

Each of the foregoing Persons by written notice to each other such Person may designate additional
or different addresses for notices to such Person. Any notice or communication shall be deemed to
have been given or made as of the date so delivered if personally delivered; when answered back, if
telexed; when receipt is acknowledged, if faxed; and five (5) calendar days after mailing if sent
by registered or certified mail, postage prepaid (except that a notice of change of address shall
not be deemed to have been given until actually received by the addressee).

     11. Successors and Assigns. This Intercompany Note shall be binding upon and
shall inure to the benefit of the parties hereto and their respective successors and assigns.

     12. Intercompany Note. This Intercompany Note is the intercompany note
referred to in that certain Indenture dated as of November 24, 2004 (as the same may be amended,
supplemented, amended and restated or otherwise modified from time to time, the
“Indenture”), among Holdco, as issuer, Coinmach Laundry Corporation, a Delaware corporation,
as guarantor, and The Bank of New York, as trustee and collateral agent (in such capacity, the
“Pledgee”) and has been pledged by Holdco to Pledgee under the Security Agreement (as
defined in the Indenture). Upon the occurrence and during the continuance of any Event of Default
under and as defined in the Indenture, and following the giving of notice thereof by the Pledgee to
the Maker and Holdco, (i) the Pledgee shall have all rights of the Holder of and under this
Intercompany Note and (ii) the Maker shall make every payment due under this Intercompany Note, in
same day funds, to such account as the Pledgee shall direct in such notice (it being understood and
agreed that Holdco shall be the Holder of this Intercompany Note prior to the giving of any such
notice).

 

 

     13. Waiver; Expense Reimbursement. The Maker hereby waives grace, demand,
presentment for payment, protest, notice of any kind (including, but not limited to, notice of
dishonor, notice of protest, notice or intention to accelerate or notice of acceleration) and
diligence in collecting and bringing suit against any party hereto. In addition to, but not in
limitation of, the foregoing, the Maker further agrees to pay all expenses, including reasonable
attorneys’ fees and legal expenses, incurred by the Holder endeavoring to collect any amounts
payable hereunder which are not paid when due, whether by acceleration or otherwise.

     14. Definitions.

     (a) Definitions. The following terms, as used herein (including as used in
any provision of the Incorporated Agreement that has been incorporated by reference herein), have
the following meanings:

     “Comparable Treasury Issue” means the United States Treasury security or securities
selected by an Independent Investment Banker as having an actual or interpolated maturity
comparable to the remaining term of this Intercompany Note that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of a comparable maturity to the remaining term of such notes.

     “Comparable Treasury Price” means, with respect to any prepayment date, (i) the average
of the Reference Treasury Dealer Quotations for such prepayment date, after excluding the highest
and lowest such Reference Treasury Dealer Quotations, or (ii) if the Pledgee obtains fewer than
four such Reference Treasury Dealer Quotations, the average of all such quotations.

     “Default” means an event or condition the occurrence of which is, or with the lapse
of time or the giving of notice or both would be, an Event of Default.

     “Guarantor” means each Subsidiary of the Maker that is a party to the Guaranty.

     “Guaranty” means the Guaranty, dated as of November 24, 2004, made by the Subsidiaries
of the Maker party thereto of the obligations of the Maker of its obligations under this
Intercompany Note.

     “Incorporated Agreement” means the Indenture, dated as of January 25, 2002, between the
Maker, as issuer, each Subsidiary of the Maker party thereto from time to time as a guarantor, and
U.S. Bank, N.A., as trustee, as the same may be amended, supplemented, amended and restated or
otherwise modified from time to time; provided that upon the redemption or refinancing in
full of all of the outstanding principal amount of the notes issued under the Incorporated
Agreement with the proceeds of extensions of credit under another agreement, the reference herein
to the “Incorporated Agreement” shall refer to such refinancing agreement and the terms of this
Intercompany Note that relate to definitions and sections contained in the refinanced Incorporated
Agreement shall be interpreted to refer to the correlative definitions and sections of such
refinancing agreement in a manner consistent with the terms hereof (it being understood and agreed
that (a) if any covenant of the refinanced Incorporated Agreement that is incorporated by reference
herein does not have a correlative covenant in such refinancing agreement, such covenant shall no
longer be binding on the Maker or any of its Subsidiaries thereafter and (b) if such refinancing
agreement contains a covenant that does not have a correlative covenant that is incorporated by
reference herein, such covenant of such refinancing agreement will not be binding on the Maker or
any of its Subsidiaries). Each reference herein to the Incorporated Agreement shall by such
reference incorporate the provisions of the Incorporated Agreement to which such reference is made
as though fully set forth herein, together with related definitions and ancillary provisions,
except as the context may otherwise require:

 

 

     (i) references therein to “this Indenture”, the “Notes” and a “Note” shall, in each
instance, be deemed to refer to and include this Intercompany Note;

     (ii) references therein to the “Trustee”, the “Holders” and a “Holder” shall, in each
instance, be deemed to refer to the Holder;

     (iii) references therein to a “Default” and an “Event of Default” shall be deemed to
refer to a Default and an Event of Default, respectively;

     (iv) references therein to a “Guarantor”, the “Guarantors”, a “Guarantee” and the
“Guarantees” shall be deemed to refer to a Guarantor, the Guarantors, the Guaranty and the
Guaranty, respectively; and

     (v) references therein to the “Company” shall be deemed to refer to the Maker.

     “Independent Investment Banker” means one of the Reference Treasury Dealers appointed
by the Pledgee after consultation with the Maker.

     “Reference Treasury Dealer” means one of five independent investment banking firms of
national reputation, or their respective affiliates, selected by the Maker, which are primary U.S.
Government securities dealers in The City of New York (a “Primary Treasury Dealer”).

     “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any prepayment date, the average, as determined by the Pledgee, of the bid and ask
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal
amount) quoted in writing to the trustee by such Reference Treasury Dealer at 3:30 p.m., New York
time, on the third business day preceding such prepayment date.

     “Treasury Rate” means, with respect to any prepayment date, the rate per annum equal to
the quarterly equivalent yield to maturity or interpolated, on a day count basis, of the Comparable
Treasury Issue, assuming a price for the Comparable Treasury Issue, expressed as a percentage of
its principal amount, equal to the Comparable Treasury Price for such prepayment date.

     (b) Incorporated Definitions. Unless the context otherwise requires,
capitalized terms defined in the Incorporated Agreement and not otherwise defined herein shall have
the meanings assigned thereto in the Incorporated Agreement.

     15. Governing Law. THIS INTERCOMPANY NOTE HAS BEEN DELIVERED IN NEW YORK,
NEW YORK AND SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES.

     16. Captions. Captions used in this Intercompany Note are provided for
convenience of reference only and shall not affect the meaning or interpretation of any provision
of this Intercompany Note.

     17. Treatment as Indebtedness. The Maker and Holdco agree to treat all
Intercompany Advances as, and this Intercompany Note as evidence of, Indebtedness of the Maker for
all purposes, including for U.S. federal, state, local and non-U.S. tax purposes.

 

 

     IN WITNESS WHEREOF, the Maker has caused this Intercompany Note to be duly executed and
delivered by its duly authorized officer.

	 	 	 	 	 	 	 
	 	 	COINMACH CORPORATION
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Robert M. Doyle
	 	 	 	 	 
	

	 	 	 	Name:
	 	Robert M. Doyle
	

	 	 	 	Title:
	 	Chief Financial Officer, Senior Vice President,

Secretary and Treasurer

Accepted and Agreed:

COINMACH SERVICE CORP.

	 	 	 	 	 
	By:	 	/s/ Robert M. Doyle
	 	 	 
	

	 	Name:
	 	Robert M. Doyle
	

	 	Title:
	 	Chief Financial Officer, Senior Vice President,

Secretary and Treasurer

PAY TO THE ORDER OF THE BANK OF NEW YORK,
   AS
COLLATERAL AGENT

COINMACH SERVICE CORP.

	 	 	 	 	 
	By:	 	/s/ Robert M. Doyle
	 	 	 
	

	 	Name:
	 	Robert M. Doyle
	

	 	Title:
	 	Chief Financial Officer, Senior Vice President,

Secretary and Treasurer

 

 

Schedule A

PAYMENT GRID

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	Amount of	 	 	Amount of	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	Principal	 	 	Intercompany	 	 	Outstanding	 	 	Notation Made	 
	 	Date	 	 	Principal Amount	 	 	Payment	 	 	Advance	 	 	Principal Balance	 	 	By	 
	 	12/21/04

	 	 	$	79,539,998.81	 	 	 	-----
	 	 	$	2,130,085.12	 	 	 	$	81,670,083.93	 	 	 	MBR&M, as atty for CSCEX-4.5:

 

EXHIBIT 4.5

GUARANTY

     This GUARANTY (as amended, supplemented, amended and restated or otherwise modified from time
to time, this “Guaranty”), dated as of November 24, 2004, is made by each Subsidiary (such
capitalized term and other terms used in this Guaranty to have the meanings set forth in
Article I) of Coinmach Corporation, a Delaware corporation (the “Borrower”), party
hereto and such other Subsidiaries of the Borrower as may become parties to this Guaranty in
accordance with Section 3.9 (herein individually referred to as a “Guarantor” and
collectively as the “Guarantors”), in favor of COINMACH SERVICE CORP., a Delaware
corporation (“Holdco”), as holder of the Intercompany Note.

W I T N E S S E T H:

     WHEREAS, pursuant to a Promissory Note, dated as of November 24, 2004 (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Intercompany
Note”), made by the Borrower to the order of Holdco, Holdco will make an initial advance in the
principal amount of $79,600,000 and may from time to time make additional advances (collectively,
the “Advances”) to the Borrower;

     WHEREAS, each Guarantor has duly authorized the execution, delivery and performance of this
Guaranty; and

     WHEREAS, it is in the best interests of each Guarantor to execute this Guaranty inasmuch as
each such Guarantor will derive substantial direct and indirect benefits from the Advances made
from time to time to the Borrower by Holdco pursuant to the Intercompany Note;

     NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby
acknowledged, and in order to induce Holdco to make Advances (including the initial Advance) to the
Borrower pursuant to the Intercompany Note, each Guarantor jointly and severally agrees, for the
benefit of Holdco, as follows:

ARTICLE I

DEFINITIONS

     SECTION 1.1 Certain Terms. The following terms (whether or not underscored) when used
in this Guaranty, including its preamble and recitals, shall have the following meanings (such
definitions to be equally applicable to the singular and plural forms thereof):

     “Advances” is defined in the first recital.

     “Borrower” is defined in the preamble.

     “Guarantor” and “Guarantors” are defined in the preamble.

 

 

     “Guaranty” is defined in the preamble.

     “Holdco” is defined in the preamble.

     “Indenture” is defined in Section 3.11.

     “Intercompany Note” is defined in the first recital.

     “Pledgee” is defined in Section 3.11.

     SECTION 1.2 Intercompany Note Definitions. Unless otherwise defined herein or the
context otherwise requires, terms used in this Guaranty, including its preamble and recitals, have
the meanings provided in the Intercompany Note.

ARTICLE II

GUARANTY PROVISIONS

     SECTION 2.1 Guaranty. Each Guarantor jointly and severally hereby absolutely,
unconditionally and irrevocably:

          (a) guarantees the full and punctual payment when due, whether at stated maturity, by
required prepayment, declaration, acceleration, demand or otherwise, of all obligations of
the Borrower under the Intercompany Note, whether for principal, premium, interest, fees,
expenses or otherwise (including all such amounts which would become due but for the
operation of the automatic stay under Section 362(a) of the United States Bankruptcy Code,
11 U.S.C. §362(a), and the operation of Sections 502(b) and 506(b) of the United States
Bankruptcy Code, 11 U.S.C. §502(b) and §506(b)), and

          (b) indemnifies and holds harmless Holdco for any and all costs and expenses (including
reasonable attorney’s fees and expenses) incurred by Holdco in enforcing any rights under
this Guaranty;

provided, however, that each Guarantor shall be liable under this Guaranty only for
the maximum amount of such liability that can be incurred without rendering this Guaranty, as it
relates to such Guarantor, voidable under applicable law relating to fraudulent conveyance or
fraudulent transfer, and not for any greater amount. This Guaranty constitutes a guaranty of
payment when due and not of collection, and each Guarantor specifically agrees that it shall not be
necessary or required that Holdco exercise any right, assert any claim or demand or enforce any
remedy whatsoever against the Borrower or any other Guarantor (or any other Person) before or as a
condition to the obligations of such Guarantor hereunder.

     SECTION 2.2 Guaranty Absolute, etc. This Guaranty shall in all respects be a
continuing, absolute, unconditional and irrevocable guaranty of payment, and shall remain in full
force and effect until all obligations of the Borrower under the Intercompany Note have been paid
in full and all obligations of each Guarantor hereunder shall have been paid in full;
provided, however, that in the event of any sale of all the capital stock, or all
or substantially all of the assets, of a Guarantor pursuant to Section 7(b)(vi) of the Intercompany
Note, such

2

 

Guarantor and each Guarantor that is a Subsidiary of such Guarantor shall be deemed
automatically discharged and released from this Guaranty without any consent or other action by
Holdco or any other Person, and this Guaranty shall, as to each such Guarantor, be
automatically terminated and of no further force and effect, and Holdco shall, at the request of
the Borrower or any of such Guarantor and at the Borrower’s and such Guarantor’s sole cost and
expense, execute and deliver such documents (without recourse and without representation or
warranty) as the Borrower or such Guarantor may reasonably request to evidence such release. Each
Guarantor guarantees that the obligations of the Borrower under the Intercompany Note will be paid
strictly in accordance with the terms thereof regardless of any law, regulation or order now or
hereafter in effect in any jurisdiction affecting any of such terms or the rights of Holdco with
respect thereto. The liability of each Guarantor under this Guaranty shall be absolute,
unconditional and irrevocable irrespective of:

          (a) any lack of validity, legality or enforceability of the Intercompany Note or any
other instrument or document relating to any thereof;

          (b) the failure of Holdco:

          (i) to assert any claim or demand or to enforce any right or remedy against the
Borrower, any other Guarantor or any other Person under the provisions of the
Intercompany Note, any other instrument or document relating to any thereof or
otherwise, or

          (ii) to exercise any right or remedy against any other Person, any obligations
of the Borrower under the Intercompany Note or any obligations of any other
Guarantor hereunder;

          (c) any change in the time, manner or place of payment of, or in any other term of, all
or any of the obligations of the Borrower under the Intercompany Note or any other Guarantor
hereunder, or any other extension, compromise or renewal of any such obligation of the
Borrower or any other Guarantor;

          (d) any reduction, limitation, impairment or termination of the obligations of the
Borrower under the Intercompany Note or any other Guarantor hereunder for any reason,
including any claim of waiver, release, surrender, alteration or compromise, and shall not
be subject to (and such Guarantor hereby waives any right to or claim of) any defense or
setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity,
illegality, nongenuineness, irregularity, compromise, unenforceability of, or any other
event or occurrence affecting, such obligations of the Borrower, any other Guarantor or
otherwise;

          (e) any amendment to, rescission, waiver, or other modification of, or any consent to
departure from, any of the terms of the Intercompany Note or any other instrument or
document relating to any thereof;

          (f) any amendment to or waiver or release or addition of, or consent to departure from,
this Guaranty as it relates to any other Guarantor or any other guaranty, held by

3

 

Holdco in
respect of any of the obligations of the Borrower under the Intercompany Note; or

          (g) any other circumstance which might otherwise constitute a defense (other than the
defense of payment in full of the obligations under the Intercompany Note and hereunder)
available to, or a legal or equitable discharge of, the Borrower, any other Guarantor, any
surety or any guarantor.

     SECTION 2.3 Reinstatement, etc. Each Guarantor agrees that this Guaranty shall
continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole
or in part) of any of the obligations under the Intercompany Note or hereunder is rescinded or must
otherwise be restored by Holdco upon the insolvency, bankruptcy or reorganization of the Borrower,
any other Guarantor or otherwise, all as though such payment had not been made.

     SECTION 2.4 Waiver, etc. Each Guarantor hereby waives promptness, diligence, notice
of acceptance and any other notice with respect to any of the obligations of the Borrower under the
Intercompany Note or any other Guarantor hereunder and this Guaranty and any requirement that
Holdco exhaust any right or take any action against the Borrower, any other Guarantor or any other
Person (including any other guarantor), as the case may be.

     SECTION 2.5 Waiver of Subrogation and Contribution. Each Guarantor hereby irrevocably
waives any claim or any other rights which it may now or hereafter acquire against the Borrower or
any other Guarantor that arise from the existence, payment, performance or enforcement of such
Guarantor’s obligations under this Guaranty, including any right of subrogation, reimbursement,
exoneration, contribution or indemnification, any right to participate in any claim or remedy of
Holdco against the Borrower or any other Guarantor, whether or not such claim, remedy or right
arises in equity, or under contract, statute or common law, including the right to take or receive
from the Borrower or any other Guarantor, directly or indirectly, in cash or other property or by
set-off or in any other manner, payment on account of such claim or other rights. If any amount
shall be paid to any Guarantor in violation of the preceding sentence and the obligations under the
Intercompany Note or hereunder shall not have been paid in full, such amount shall be deemed to
have been paid to such Guarantor for the benefit of, and held in trust for, Holdco, and shall
forthwith be paid to Holdco to be credited and applied upon the obligations under the Intercompany
Note or hereunder, whether matured or unmatured. Each Guarantor acknowledges that it will receive
direct and indirect benefits from the financing arrangements contemplated by the Intercompany Note
and that the waiver set forth in this Section is knowingly made in contemplation of such benefits.

     SECTION 2.6 Successors, Transferees and Assigns; Transfers of the Intercompany Note,
etc. This Guaranty shall:

          (a) be binding upon each Guarantor and their respective successors, transferees and
assigns; and

          (b) inure to the benefit of and be enforceable by Holdco.

4

 

Without limiting the generality of the preceding clause (b), Holdco may assign or otherwise
transfer (in whole or in part) the Intercompany Note held by it to the Pledgee without the consent
of any Guarantor, and the Pledgee shall thereupon become vested with all rights and benefits in
respect thereof granted to Holdco under the Intercompany Note and this Guaranty or otherwise.

ARTICLE III

MISCELLANEOUS PROVISIONS

     SECTION 3.1 Enforceability. This Guaranty has been duly authorized, executed and
delivered by each Guarantor and constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms, except to the extent the enforceability hereof may be
limited by (i) the effect of bankruptcy, insolvency, reorganization, moratorium or other similar
laws now or hereafter in effect relating to or affecting the rights and remedies of creditors
generally and (ii) the effect of general principles of equity, whether enforcement is considered in
a proceeding in equity or at law.

     SECTION 3.2 Binding on Successors, Transferees and Assigns; Assignment. In addition
to, and not in limitation of, Section 2.6, this Guaranty shall be binding upon each
Guarantor and its respective successors, transferees and assigns and shall inure to the benefit of
and be enforceable by (including the Pledgee) and its successors, transferees and assigns.

     SECTION 3.3 No Waiver; Amendments. No failure or delay on the part of Holdco in
exercising any power or right hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any such power or right preclude any other or further exercise thereof or the
exercise of any other power or right. No amendment, modification or waiver of, or consent with
respect to, any provision of this Guaranty shall in any event be effective unless (a) the same
shall be in writing and signed and delivered by each Guarantor and Holdco and (b) consented to in
writing by the Pledgee; provided, however, that the consent of the Pledgee shall
not be required:

          (a) to cure any ambiguity, omission, defect or inconsistency;

          (b) to provide for the assumption of the obligations of any Guarantor under this
Guaranty in the case of a merger or consolidation of Guarantor with, or sale of all or
substantially all of the Maker’s assets to, any Person that in connection therewith becomes
a Domestic Restricted Subsidiary of the Company;

          (c) to make any change that would provide any additional rights or benefits to Holdco
or, indirectly, to the holders of the Notes (as defined in the Indenture), or that does not
adversely affect the legal rights of Holdco hereunder; and

          (d) to conform to the text of the terms of this Guaranty to any provision of the
prospectus dated November 19, 2004 that relates to the Notes (as defined in and issued under
the Indenture) to the extent that such provision in such prospectus was intended to be a
verbatim recitation of a provision of this Guaranty.

     SECTION 3.4 Addresses for Notices to the Guarantors. Any notices or other
communications required or permitted hereunder shall be in writing, and shall be sufficiently

5

 

given
if made by hand delivery, by telecopier or registered or certified mail, postage prepaid, return
receipt requested, addressed (a) in the case to any Guarantor, to it at the address or
facsimile number set forth below its signature hereto and (b) in the case of Holdco, to Holdco
at its address or facsimile number set forth in Section 10 of the Intercompany Note. Each
Guarantor and Holdco by written notice to each other such Person may designate additional or
different addresses for notices to such Person. Any notice or communication shall be deemed to
have been given or made as of the date so delivered if personally delivered; when answered back, if
telexed; when receipt is acknowledged, if faxed; and five (5) calendar days after mailing if sent
by registered or certified mail, postage prepaid (except that a notice of change of address shall
not be deemed to have been given until actually received by the addressee).

     SECTION 3.5 No Waiver; Remedies. In addition to, and not in limitation of,
Sections 2.2 and 2.4, no failure on the part of Holdco to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial
exercise of any right hereunder preclude any other or further exercise thereof or the exercise of
any other right. The remedies herein provided are cumulative and not exclusive of any remedies
provided by law.

     SECTION 3.6 Captions. Section captions used in this Guaranty are provided for
convenience of reference only and shall not affect the meaning or interpretation of any provision
of this Guaranty.

     SECTION 3.7 Severability. Wherever possible each provision of this Guaranty shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision
of this Guaranty shall be prohibited by or invalid under such law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of
such provision or the remaining provisions of this Guaranty.

     SECTION 3.8 Counterparts. This Guaranty may be executed by the parties hereto in
several counterparts and additional Persons may become a Guarantor under this Guaranty by executing
a counterpart of this Guaranty, each of which shall be deemed an original and all of which shall
constitute but one and the same agreement.

     SECTION 3.9 Additional Guarantors. Upon the execution and delivery by any other
Person of a supplement in the form of Exhibit A hereto, such Person shall become a
“Guarantor” hereunder with the same force and effect as if it were originally a party to this
Guaranty and named as a “Guarantor” hereunder. The execution and delivery of such supplement shall
not require the consent of any other party hereto, and the rights and obligations of each Guarantor
hereunder shall remain in full force and effect notwithstanding the addition of any other new
Guarantor as a party to this Guaranty.

     SECTION 3.10 Governing Law, Entire Agreement, etc. THIS GUARANTY HAS BEEN DELIVERED
IN NEW YORK, NEW YORK AND SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES. This Guaranty and the
Intercompany Note constitute the entire understanding

6

 

among the parties hereto with respect to the
subject matter hereof and supersede any prior agreements, written or oral, with respect thereto.

     SECTION 3.11 Guaranty. This Guaranty is the Intercompany Note Guaranty referred to in
that certain Indenture dated as of November 24, 2004 (as the same may be amended, supplemented,
amended and restated or otherwise modified from time to time, the “Indenture”), among
Holdco, Coinmach Laundry Corporation, a Delaware corporation, and The Bank of New York, as trustee
and collateral agent (in such capacity, the “Pledgee”) and has been pledged by Holdco to
Pledgee under the Security Agreement (as defined in the Indenture). Upon the occurrence and during
the continuance of any Event of Default under the Indenture, and notice thereof by the Pledgee to
the Guarantors and Holdco, the Pledgee shall have all rights of Holdco under this Guaranty.

7

 

     IN WITNESS WHEREOF, each Guarantor has caused this Guaranty to be duly executed and delivered
by its officer thereunto duly authorized as of the date first above written.

	 	 	 	 	 	 	 
	 	 	COINMACH LAUNDRY

   CORPORATION, a Delaware

   corporation
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Robert M. Doyle
	 	 	 	 	

	

	 	 	 	Name:
	 	Robert M. Doyle
	

	 	 	 	Title:
	 	Chief Financial Officer, Senior
	

	 	 	 	 	 	Vice President, Secretary and
Treasurer
	 
	 	 	 	 	 	 
	 	 	Address:	 	303 Sunnyside Blvd
	

	 	 	 	 	 	Suite 70
	

	 	 	 	 	 	Plainview, N.Y. 11803
	 
	 	 	 	 	 	 
	 	 	Facsimile:	 	516-349-9125
	 
	 	 	 	 	 	 
	 	 	SUPER LAUNDRY EQUIPMENT CORP.,

   a New York corporation
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Robert M. Doyle
	 	 	 	 	

	

	 	 	 	Name:
	 	Robert M. Doyle
	

	 	 	 	Title:
	 	Chief Financial Officer, Senior
	

	 	 	 	 	 	Vice President, Secretary and Treasurer
	 
	 	 	 	 	 	 
	 	 	Address:	 	303 Sunnyside Blvd
	

	 	 	 	 	 	Suite 70
	

	 	 	 	 	 	Plainview, N.Y. 11803
	 
	 	 	 	 	 	 
	 	 	Facsimile:	 	516-349-9125

 

 

	 	 	 	 	 	 	 
	 	 	APPLIANCE WAREHOUSE OF

   AMERICA., a Delaware

   corporation
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Robert M. Doyle
	 	 	 	 	

	

	 	 	 	Name:
	 	Robert M. Doyle
	

	 	 	 	Title:
	 	Vice President and Treasurer
	 
	 	 	 	 	 	 
	 	 	Address:	 	303 Sunnyside Blvd
	

	 	 	 	 	 	Suite 70
	

	 	 	 	 	 	Plainview, N.Y. 11803
	 
	 	 	 	 	 	 
	 	 	Facsimile:	 	516-349-9125
	 
	 	 	 	 	 	 
	 	 	GRAND WASH & DRY LAUNDERETTE,

   INC., a New York corporation
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Robert M. Doyle
	 	 	 	 	

	

	 	 	 	Name:
	 	Robert M. Doyle
	

	 	 	 	Title:
	 	Chief Financial Officer, Senior
	

	 	 	 	 	 	Vice President, Secretary and Treasurer
	 
	 	 	 	 	 	 
	 	 	Address:	 	303 Sunnyside Blvd
	

	 	 	 	 	 	Suite 70
	

	 	 	 	 	 	Plainview, N.Y. 11803
	 
	 	 	 	 	 	 
	 	 	Facsimile:	 	516-349-9125

 

 

	 	 	 	 	 	 	 
	 	 	AMERICAN LAUNDRY FRANCHISING

   CORP., a Delaware corporation
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Thomas F. Siegel
	

	 	 	 	Name:
	 	Thomas F. Siegel
	

	 	 	 	Title:
	 	Chief Financial Officer,
	

	 	 	 	 	 	Secretary and Treasurer
	 
	 	 	 	 	 	 
	 	 	Address:	 	303 Sunnyside Blvd
	

	 	 	 	 	 	Suite 70
	

	 	 	 	 	 	Plainview, N.Y. 11803
	 
	 	 	 	 	 	 
	 	 	Facsimile:	 	516-349-9125

	 	 	 	 	 
	 	ACKNOWLEDGED AND ACCEPTED:

COINMACH SERVICE CORP.

 	 
	 	By:  	/s/ Robert M. Doyle
 	 
	 	 	Name:  	Robert M. Doyle 	 
	 	 	Title:  	Chief Financial Officer, Senior

Vice President, Secretary and

Treasurer 	 

 

 

	 	 	 	 	 

EXHIBIT A

to Guaranty

SUPPLEMENT NO. __

TO GUARANTY

     SUPPLEMENT
NO. ___dated as of __ __, 20___(this “Supplement”), to the
Guaranty, dated as of November 24, 2004 (as amended, supplemented, amended and restated or
otherwise modified from time to time, the “Guaranty”), among each subsidiary of Coinmach
Corporation, a Delaware corporation (the “Borrower”), initial party thereto and such other
subsidiaries of the Borrower as have become parties thereto in accordance with Section 3.9 (each
individually referred to as a “Guarantor” and collectively as the “Guarantors”), in
favor of COINMACH SERVICE CORP., a Delaware corporation (“Holdco”), as holder of the
Intercompany Note.

W I T N E S S E T H:

     WHEREAS, pursuant to the provisions of Section 3.9 of the Guaranty, the undersigned is
becoming a Guarantor under the Guaranty; and

     WHEREAS, the undersigned Guarantor desires to become a “Guarantor” under the Guaranty in order
to induce Holdco to continue to extend Advances (such capitalized term and other terms used in this
Supplement to have the meanings set forth in Article I of the Guaranty) under the Intercompany
Note;

     NOW, THEREFORE, in consideration of the premises, and for other consideration (the receipt and
sufficiency of which is hereby acknowledged), the undersigned agrees, for the benefit of Holdco, as
follows.

     SECTION 1. Party to Guaranty, etc. In accordance with the terms of the Guaranty, by
its signature below the undersigned hereby irrevocably agrees to become a Guarantor under the
Guaranty with the same force and effect as if it were an original signatory thereto and the
undersigned Guarantor hereby (a) agrees to be bound by and comply with all of the terms and
provisions of the Guaranty applicable to it as a Guarantor and (b) represents and warrants that the
representations and warranties made by it as a Guarantor thereunder are true and correct as of the
date hereof, unless stated to relate solely to an earlier date, in which case, such representations
and warranties shall be true and correct in all material respects as of such earlier date. In
furtherance of the foregoing, each reference to a “Guarantor” in the Guaranty shall be deemed to
include the undersigned Guarantor.

     SECTION 2. Enforceability. This Supplement has been duly authorized, executed and
delivered by the undersigned and each of this Supplement and the Guaranty as supplemented hereby
constitutes its legal, valid and binding obligation, enforceable against it in accordance with its
terms, except to the extent the enforceability hereof may be limited by (i) the effect of
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect
relating to or affecting the rights and remedies of creditors generally and (ii) the effect of
general principles of equity, whether enforcement is considered in a proceeding in equity or at
law.

A-1

 

     SECTION 3. Full Force of Guaranty. Except as expressly supplemented hereby, the
Guaranty shall remain in full force and effect in accordance with its terms.

     SECTION 4. Severability. In the event any one or more of the provisions contained in
this Supplement should be held invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein and in the Guaranty shall
not in any way be affected or impaired.

     SECTION 5. Counterparts. This Supplement may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement.

     SECTION 6. Governing Law, Entire Agreement, etc. THIS SUPPLEMENT HAS BEEN DELIVERED
IN NEW YORK, NEW YORK AND SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES. This Supplement, the
Guaranty and the Intercompany Note constitute the entire understanding among the parties hereto
with respect to the subject matter hereof and supersede any prior agreements, written or oral, with
respect thereto.

A-2

 

     IN WITNESS WHEREOF, the undersigned has caused this Supplement to be duly executed and
delivered by its officer as of the date first above written.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	[ADDITIONAL GUARANTOR], a[n]
	 	 	 	 	       ___________ corporation
	 
	 	 	 	 	 	 	 	 
	

	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Name:
	 	 	 	 	 	 	Title:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	Address:	 	 
	

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	Facsimile:	 	 
	

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	ACKNOWLEDGED AND ACCEPTED:	 	 	 	 	 	 
	COINMACH SERVICE CORP.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	

	 	Name:	 	 	 	 	 	 
	

	 	Title:	 	 	 	 	 	 

A-3

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