Document:

EX-4.2

Exhibit 4.2

GENERAL MILLS, INC.

OFFICERS’ CERTIFICATE

AND

AUTHENTICATION ORDER

Pursuant to the Indenture, dated as of February 1, 1996 (as amended, the “Indenture”), between
General Mills, Inc. (the “Company”) and U.S. Bank National Association (formerly known as First
Trust of Illinois, National Association), as trustee (the “Trustee”), resolutions adopted by the
Board of Directors of the Company on April 24, 2012 and the Finance Committee of the Board of
Directors of the Company on June 23, 2014 and August 27, 2014, this Officers’ Certificate and
Authentication Order is being delivered to the Trustee to establish the terms of a series of
Securities in accordance with Section 301 of the Indenture, to establish the form of the Securities
of such series in accordance with Section 201 of the Indenture, to request the authentication and
delivery of the Securities of such series pursuant to Section 303 of the Indenture and to comply
with the provisions of Section 102 of the Indenture.

Capitalized terms used but not defined herein and defined in the Indenture shall have the
respective meanings ascribed to them in the Indenture.

A. Establishment of Series Pursuant to Section 301 of Indenture. There is hereby established
pursuant to Section 301 of the Indenture a series of Securities which shall have the following
terms (the numbered clauses set forth below correspond to the numbered subsections of Section 301
of the Indenture):

(1) The series of Securities being authorized shall bear the title “2.200% Notes due
2019” (the “Notes”).

(2) There shall be no limit upon the aggregate principal amount of the Notes which may
be authenticated and delivered under the Indenture; provided, however, that the aggregate
principal amount of Notes to be authenticated and delivered under the Indenture pursuant to
this Officers’ Certificate and Authentication Order shall be limited to the amount set forth
in Section C below (except for Notes authenticated and delivered upon registration of
transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 304, 305,
306, 906 or 1107 of the Indenture and except for any Notes which, pursuant to Section 303 of
the Indenture, are deemed never to have been authenticated and delivered under the
Indenture).

(3) Interest on each Note will be paid to the Person in whose name the Note is
registered at the close of business on the Regular Record Date (as defined in paragraph 5
below), except that interest due at Maturity will be paid to the Person to whom the
principal of the Note is paid.

(4) The Notes will mature on October 21, 2019, unless the principal of any Note, or any
installment of principal, becomes due and payable prior to such date. If the date of
Maturity of a Note is not a Business Day, the payment due on such day shall be made on the
next succeeding Business Day and no additional interest shall accrue for the period from
Maturity to that next succeeding Business Day.

(5) Each Note will bear interest from and including October 21, 2014 or from and
including the most recent Interest Payment Date (as defined below) as to which interest on
such Note (or any Predecessor Security with respect to such Note) has been paid or made
available for payment at an annual rate of 2.200% until the principal of the Note is paid or
made available for payment. Each payment of interest on a Note will include interest to,
but excluding, as the case may be, the relevant Interest Payment Date or Maturity.

The “Interest Payment Dates” for the Notes will be April 21 and October 21 of each year
beginning on April 21, 2015 and the Regular Record Dates will be the April 7 or October 7,
respectively, next preceding such Interest Payment Date whether or not a Business Day. If
any Interest Payment Date is not a Business Day, the payment due on such day shall be made
on the next succeeding Business Day and no additional interest shall accrue for the period
from such Interest Payment Date to that next succeeding Business Day.

Interest (including interest for partial periods) will be calculated on the basis of a
360-day year of twelve 30-day months.

(6) Payment of principal of and premium (if any) and interest on each Note that is
represented by a Global Security will be made to the Depositary (as specified in paragraph
16 below) or its nominee, as the case may be, as the sole registered owner and the sole
Holder of the Notes represented thereby for all purposes under the Indenture.

Payment of principal of and premium (if any) and interest on each Note that is not
represented by a Global Security will be made upon presentation and surrender of such Note
at the office or agency maintained by the Company for that purpose in the Borough of
Manhattan, the City of New York (which shall initially be the office of the Trustee).
Registered Holders that wish to receive payment in immediately available funds must provide
appropriate written wire transfer instructions sufficiently in advance of the payment date
and present the Note in time for the party making the payment to make payments in such funds
in accordance with its normal procedures. Any wire transfer instructions received by a
party making payments shall remain in effect until revoked by the registered Holder.
Payment in accordance with written wire transfer instructions from a registered Holder shall
be deemed to constitute full and complete payment of all amounts so paid. The Company may,
at its option, elect to make payments of interest other than at Maturity by check mailed to
the address of the registered Holder thereof as of the close of business on the relevant
Regular Record Date as such address appears in the Security Register.

The “Place of Payment” with respect to the Notes shall be the City of New York.

(7) The Company may redeem the Notes, in whole or in part, at its option at any time or
from time to time. The Redemption Price for the Notes will be equal to the greater of (i)
100% of the principal amount of the Notes being redeemed on the Redemption Date and (ii) as
determined by the Quotation Agent (as defined below), the sum of the present values of the
remaining scheduled payments of principal and interest on the Notes being redeemed on the
Redemption Date (not including any portion of such payments of interest accrued as of the
Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months or in the case of an incomplete month, the
number of days elapsed) at the Adjusted Treasury Rate (as defined below) plus 15 basis
points, plus, in the case of both (i) and (ii) above, accrued and unpaid interest on the
Notes to but excluding the Redemption Date. Notwithstanding the foregoing, installments of
interest on Notes that are due and payable on Interest Payment Dates falling on or prior to
a Redemption Date will be payable on the Interest Payment Date to the Holders as of the
close of business on the relevant Regular Record Date. Notice of redemption will be given
to the registered Holders of the Notes to be redeemed not less than 30 nor more than 60 days
prior to the Redemption Date, which date and the applicable Redemption Price will be
specified in the notice. Once notice of redemption is mailed, the Notes or any portion of
the Notes called for redemption will become due and payable on the Redemption Date and at
the applicable Redemption Price, plus accrued and unpaid interest to, but excluding, the
Redemption Date. On and after the Redemption Date, interest will cease to accrue on the
Notes or any portion of the Notes called for redemption (unless the Company defaults in the
payment of the Redemption Price and accrued interest). On or before the Redemption Date,
the Company will deposit with a Paying Agent (or the Trustee) money sufficient to pay the
Redemption Price of and accrued interest on the Notes or any portion of the Notes to be
redeemed on that date. For purposes of the foregoing: (a) “Adjusted Treasury Rate” means,
with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent
yield to maturity of the Comparable Treasury Issue (as defined below), calculated using a
price for the Comparable Treasury Issue (expressed as a percentage of its principal amount)
equal to the Comparable Treasury Price (as defined below) for such Redemption Date; the
Adjusted Treasury Rate shall be calculated on the third Business Day preceding the
Redemption Date; (b) “Comparable Treasury Issue” means the United States Treasury security
selected by the Quotation Agent as having a maturity comparable to the remaining term of the
Notes to be redeemed 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
comparable maturity to the remaining term of the Notes; (c) “Comparable Treasury Price”
means, with respect to any Redemption Date, the average of the Reference Treasury Dealer
Quotations (as defined below) for such Redemption Date; (d) “Quotation Agent” means the
Reference Treasury Dealer (as defined below) appointed by the Trustee after consultation
with the Company; (e) “Reference Treasury Dealer” means any primary U.S. government
securities dealer in the United States selected by the Trustee after consultation with the
Company; (f) “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Trustee, of the
bid and asked 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 5:00 p.m. in the City of New York on the third Business Day preceding
such Redemption Date.

(8) If a Change of Control Triggering Event (as defined in the form of Note attached
hereto as Exhibit A) shall have occurred, holders of the Notes may require the Company to
repurchase all or any part of the Notes in the manner provided and subject to the
limitations set forth in the form of Note attached hereto as Exhibit A.

(9) The Notes shall be issuable in denominations of $2,000 and integral multiples of
$1,000 in excess thereof.

(15) The Notes shall be defeasible, in whole or any specified part, pursuant to Section
1302 or Section 1303 of the Indenture or both such Sections.

(16) The Notes shall be issuable in whole or in part in the form of one or more Global
Securities registered in the name of the Depositary or its nominee. The Depositary with
respect to such Global Securities shall be The Depository Trust Company. The Global
Securities shall bear the legends set forth on the form of Note attached hereto as Exhibit
A. Such Global Security may not be exchanged in whole or in part for Securities registered,
and no transfer of such Global Security in whole or in part may be registered, in the name
or names of Persons other than the Depositary for such Global Security or a nominee thereof,
unless (a) the Depositary notifies the Company that it is unwilling or unable to continue as
Depositary for such Global Security or if at any time the Depositary ceases to be a clearing
agency registered under the Securities Exchange Act of 1934, as amended, and, in either
case, the Company does not appoint a successor Depositary within 90 days after receiving
that notice or becoming aware that the Depositary is no longer so registered, (b) the
Company executes and delivers to the Trustee a Company Order that such Global Security shall
be so exchangeable or (c) an Event of Default with respect to such Global Security has
occurred and is continuing, and the Depositary requests the issuance of Securities
registered in the name or names of Persons other than the Depositary for such Global
Security or a nominee thereof. So long as the Depositary or its nominee is the registered
holder of any Global Security, the Depositary or its nominee, as the case may be, will be
considered the sole Holder of the Notes represented by such Global Security for all purposes
under the Notes and the Indenture.

B. Establishment of Form of Securities Pursuant to Section 201 of the Indenture. In
accordance with Section 201 of the Indenture, the form attached hereto as Exhibit A is hereby
established as the form to represent the Notes.

C. Order for the Authentication and Delivery of Securities Pursuant to Section 303 of the
Indenture. Pursuant to Section 303 of the Indenture, you are hereby requested, as Trustee under
the Indenture, to authenticate, in the manner provided by the Indenture, $500,000,000 aggregate
principal amount of the Notes registered in the name of Cede & Co., which Notes have been
heretofore duly executed by the proper officers of the Company and delivered to you as provided in
the Indenture, and to deliver said authenticated Notes to Barclays Capital Inc. through the
facilities of The Depository Trust Company against payment therefor on October 21, 2014.

D. Certification Pursuant to Section 102 of the Indenture. Each of the undersigned has read
the pertinent sections of the Indenture, including Sections 201, 301 and 303 thereof and the
definitions in the Indenture relating thereto, and certain other corporate documents and records.
In the opinion of each of the undersigned, the undersigned has made such examination or
investigation as is necessary to enable the undersigned to express an informed opinion as to
whether or not the conditions precedent to (i) the establishment of (a) a series of Securities and
(b) the form of such Securities and (ii) the issuance, authentication and delivery of such series
of Securities contained in the Indenture have been complied with. In the opinion of the
undersigned, all conditions precedent to (x) the establishment of the Notes and the form of the
Notes and (y) the issuance, authentication and delivery of the Notes have been complied with.

Insofar as this Officers’ Certificate and Authentication Order relates to legal matters, it is
based upon the Opinion of Counsel delivered by the Company to the Trustee contemporaneously
herewith.

IN WITNESS WHEREOF, the undersigned have hereunto signed our names on behalf of the Company.

Dated: October 21, 2014

GENERAL MILLS, INC.

By /s/ Donal L. Mulligan

Donal L. Mulligan

Its Executive Vice President, Chief Financial Officer

By /s/ Marie Pillai

Marie Pillai

Its Vice President, Treasurer

CERTIFICATION

I, Chris A. Rauschl, an Assistant Secretary of the Company, do hereby certify that Donal L.
Mulligan is on the date hereof the duly elected or appointed Executive Vice President, Chief
Financial Officer of the Company and the signature set forth above is his own true signature, and
further certify that Marie Pillai is on the date hereof the duly elected or appointed Vice
President, Treasurer of the Company and the signature set forth above is her own true signature.

/s/ Chris A. Rauschl

Chris A. Rauschl

Assistant Secretary

EXHIBIT A

REGISTERED NO. PRINCIPAL AMOUNT: $

GENERAL MILLS, INC.

2.200% NOTES DUE 2019

CUSIP NO. 370334 BV5 ISIN No. US370334BV55 Common Code No. 112567151

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE
OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED
IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART
MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

GENERAL MILLS, INC., a corporation duly organized and existing under the laws of the State of
Delaware (herein called the “Company,” which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to CEDE &CO., or registered
assigns, the principal sum of            Dollars (U.S. $ ) on October 21, 2019 (the “Maturity
Date”), and to pay interest thereon from and including October 21, 2014 or the most recent Interest
Payment Date (as defined below) as to which interest has been paid or made available for payment,
semiannually in arrears on April 21 and October 21 in each year (each an “Interest Payment Date”),
commencing on April 21, 2015, at the rate of 2.200% per annum until the principal hereof has been
paid or duly made available for payment. Interest (including interest for partial periods) will be
calculated on the basis of a 360-day year of twelve 30-day months. Each payment of interest hereon
will include interest to, but excluding, as the case may be, the relevant Interest Payment Date or
Maturity.

The interest so payable, and punctually paid or made available for payment, on any Interest
Payment Date will, as provided for in the Indenture, be paid to the Person in whose name this Note
(or one or more Predecessor Securities with respect hereto) is registered at the close of business
on the Regular Record Date for such Interest Payment Date, which shall be the April 7 or October 7
(whether or not a Business Day), as the case may be, next preceding such Interest Payment Date;
except that interest due at Maturity will be paid to the Person to whom the principal is paid. Any
such interest not so punctually paid or made available for payment will forthwith cease to be
payable to the Person in whose name this Note (or one or more Predecessor Securities with respect
hereto) is registered at the close of business on such Regular Record Date and may either be paid
to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof shall be given to the Holder of this Note not less than 10 days
prior to such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Notes may be listed, and
upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

Payment of principal of and premium (if any) and interest on this Note will be made to The
Depository Trust Company or its nominee, as the case may be, as the sole registered owner and the
sole Holder of the Note represented hereby for all purposes under the Indenture.

The “Place of Payment” with respect to this Note shall be the City of New York.

All payments on this Note will be made in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and private debts.

Any payment on this Note due on a day that is not a Business Day will be made on the next
succeeding Business Day with the same force and effect as if made on the due date and no additional
interest shall accrue for the period from and after such date.

Reference is hereby made to the further provisions of this Note set forth on the reverse
hereof, which further provisions shall have the same effect as though fully set forth in this
place.

Unless the certificate of authentication hereon has been executed by or on behalf of the
Trustee for the Notes by manual signature, this Note shall not be entitled to any benefit under the
Indenture, or be valid or obligatory for any purpose.

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed and has caused
a facsimile of its corporate seal to be affixed hereto or imprinted hereon.

Dated: October 21, 2014

	 	 	 	 	 
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION	 	GENERAL MILLS, INC.
	This is one of the Securities

of the series designated herein

referred to in the within-mentioned

Indenture.

	 	

By:
	 	

	
 
	 	 	 	 
	
 
	 	 	 	Marie Pillai

Its Vice President, Treasurer

U. S. BANK NATIONAL ASSOCIATION, as Trustee

	 	 	 
	 	 	Attest:

	 	 	 

	By:      

Authorized Officer
	 	Chris A. Rauschl

Its Assistant Secretary

	OR
	 	

	     
	 	[SEAL]

as Authenticating Agent for the Trustee

By:      

Authorized Officer

1

[REVERSE OF NOTE]

GENERAL MILLS, INC.

2.200% NOTES DUE 2019

This Note is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an Indenture, dated as of
February 1, 1996 (herein called the “Indenture”, which term shall have the meaning assigned to it
in such instrument), between the Company and U.S. Bank National Association (f.k.a. First Trust of
Illinois, National Association), as Trustee (herein called the “Trustee”, which term includes any
successor trustee under the Indenture), and reference is hereby made to the Indenture and all
indentures supplemental thereto for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and
of the terms upon which the Securities are, and are to be, authenticated and delivered. By the
terms of the Indenture, additional Securities of other separate series, which may vary as to date,
amount, Stated Maturity, interest rate or method of calculating the interest rate and in other
respects as therein provided, may be issued in an unlimited principal amount. This Note is one of
a series of the Securities designated as 2.200% Notes due 2019 (the “Notes”).

In case an Event of Default with respect to the Notes shall have occurred and be continuing,
the unpaid principal hereof may be declared, and upon such declaration shall become, due and
payable in the manner, with the effect and subject to the conditions provided in the Indenture.

The Company may at its option redeem this Note in whole or from time to time in part at the
Make-Whole Price (as defined below); provided that the principal amount of this Note remaining
outstanding after a redemption in part shall be $2,000 or an integral multiple of $1,000 in excess
thereof. The Company may exercise such option by mailing or causing the Trustee to mail a notice
of such redemption at least 30 but not more than 60 days prior to the Redemption Date. In the
event of redemption of this Note in part only, a new Note or Notes for the unredeemed portion
hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. If less than
all of the Securities with like tenor and terms to this Security are to be redeemed, the Securities
to be redeemed shall be selected by the Trustee by such method as the Trustee shall deem fair and
appropriate. The Company shall notify the Trustee of the Make-Whole Price promptly after the
calculation thereof, and the Trustee shall not be responsible for such calculation.

“Make-Whole Price” means an amount equal to the greater of (i) 100% of the principal amount of
this Note to be redeemed and (ii) as determined by the Quotation Agent (as defined below), the sum
of the present values of the remaining scheduled payments of principal and interest thereon (not
including any portion of such payments of interest accrued as of the Redemption Date) discounted to
the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months or in the case of an incomplete month, the number of days elapsed) at the Adjusted Treasury
Rate (as defined below) plus 0.15%, plus, in the case of both (i) and (ii), accrued and unpaid
interest to the Redemption Date. Unless the Company defaults in payment of the Make-Whole Price,
on and after the Redemption Date, interest will cease to accrue on the principal amount of this
Note to be redeemed.

“Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal
to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue (as defined
below), calculated using a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price (as defined below) for such Redemption
Date. The Adjusted Treasury Rate shall be calculated on the third Business Day preceding the date
of redemption.

“Comparable Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term of this Note to be redeemed
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 comparable maturity to the
remaining term of this Note.

“Comparable Treasury Price” means, with respect to any Redemption Date, the average of the
Reference Treasury Dealer Quotations (as defined below) for such Redemption Date.

“Quotation Agent” means the Reference Treasury Dealer (as defined below) appointed by the
Trustee after consultation with the Company.

“Reference Treasury Dealer” means any primary U.S. government securities dealer in the United
States selected by the Trustee after consultation with the Company.

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the average, as determined by the Trustee, of the bid and asked 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 5:00 p.m. in the City of New
York on the third Business Day preceding such Redemption Date.

If a Change of Control Triggering Event shall have occurred, the Holder of this Note may
require the Company to repurchase all or any part (equal to an integral multiple of $1,000) of this
Note at a purchase price equal to 101% of the principal amount of, plus accrued and unpaid
interest, if any, to the date of purchase on, the Note (or part thereof) to be purchased (unless
the Company shall have mailed or caused to be mailed a notice of redemption within 30 days after
such Change of Control Triggering Event stating that all of the Notes will be redeemed); provided
that the principal amount of this Note remaining outstanding after a repurchase in part shall be
$2,000 or an integral multiple of $1,000 in excess thereof. Within 30 days after any Change of
Control Triggering Event, the Company shall mail or cause the Trustee to mail a notice describing
the transaction or transactions constituting the Change of Control Triggering Event and offering to
repurchase the Notes. Such repurchase must occur no earlier than 30 days and no later than 60 days
after the date such notice is mailed.

On the date specified for repurchase of the Notes, the Company shall, to the extent lawful:

	 	•	 	accept for payment all Notes or portions of Notes properly tendered pursuant to the
offer to repurchase the Notes;

	 	•	 	deposit with the Paying Agent the required payment for all Notes or portions of Notes
properly tendered pursuant to the offer to repurchase the Notes; and

	 	•	 	deliver to the Trustee the repurchased Notes, accompanied by an Officers’ Certificate
stating the aggregate principal amount of Notes repurchased pursuant to the offer to
repurchase the Notes.

The Company shall comply with the requirements of Rule 14e-1 under the Securities Exchange Act
of 1934, as amended, and any other securities laws and regulations applicable to the repurchase of
the Notes. To the extent that these securities laws and regulations conflict with the provisions
of this Note requiring repurchase of the Notes upon a Change of Control Triggering Event, the
Company shall comply with these securities laws and regulations instead of the repurchase
provisions of this Note, and the Company will not be considered to have breached its obligation to
repurchase the Notes. Additionally, if an Event of Default unrelated to the repurchase provisions
of this Note exists under the Indenture, including Events of Default arising with respect to other
issues of Securities, the Company shall not be required to repurchase the Notes, notwithstanding
the repurchase provisions of this Note.

The Company shall not be required to comply with obligations relating to repurchase of the
Notes upon a Change of Control Triggering Event if a third party satisfies such obligations.

“Change of Control” means the occurrence of any of the following: (a) the consummation of any
transaction (including, without limitation, any merger or consolidation) resulting in any “person”
(as that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended)
(other than the Company or one of its subsidiaries) becoming the beneficial owner (as defined in
Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, as amended), directly or
indirectly, of more than 50% of the Company’s Voting Stock or other Voting Stock into which the
Company’s Voting Stock is reclassified, consolidated, exchanged or changed, measured by voting
power rather than number of shares; (b) the direct or indirect sale, transfer, conveyance or other
disposition (other than by way of merger or consolidation), in a transaction or a series of related
transactions, of all or substantially all of the assets of the Company and its subsidiaries, taken
as a whole, to one or more Persons (other than the Company or one of its subsidiaries); or (c) the
first day on which a majority of the members of the Board of Directors of the Company are not
Continuing Directors. Notwithstanding the foregoing, a transaction will not be considered to be a
Change of Control if (a) the Company becomes a direct or indirect wholly-owned subsidiary of a
holding company and (b)(y) immediately following such transaction, the direct or indirect holders
of the Voting Stock of the holding company are substantially the same as the Holders of the
Company’s Voting Stock immediately prior to such transaction or (z) immediately following such
transaction no Person is the beneficial owner, directly or indirectly, of more than 50% of the
Voting Stock of the holding company.

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a
Rating Event.

“Continuing Directors” means, as of any date of determination, any member of the Company’s
Board of Directors who (a) was a member of the Board of Directors on October 21, 2014 or (b) was
nominated for election, elected or appointed to the Board of Directors with the approval of a
majority of the Continuing Directors who were members of the Board of Directors at the time of such
nomination, election or appointment (either by a specific vote or by approval of a proxy statement
of the Company in which such member was named as a nominee for election as a director, without
objection to such nomination).

“Fitch” means Fitch Ratings.

“Investment Grade Rating” means a rating equal to or higher than BBB– (or the equivalent) by
Fitch, Baa3 (or the equivalent) by Moody’s and BBB– (or the equivalent) by S&P, and the equivalent
investment grade credit rating from any replacement Rating Agency or Rating Agencies selected by
the Company.

“Moody’s” means Moody’s Investors Service, Inc.

“Rating Agencies” means (a) each of Fitch, Moody’s and S&P; and (b) if any of Fitch, Moody’s
or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for
reasons outside of the Company’s control, a “nationally recognized statistical rating
organization’’ (as defined in Section 3(a)(62) of the Securities Exchange Act of 1934, as amended)
selected by the Company as a replacement Rating Agency for a former Rating Agency.

“Rating Event” means the rating on the Notes is lowered by each of the Rating Agencies and the
Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within
the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under
publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the
earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a
Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating
Event will not be deemed to have occurred in respect of a particular Change of Control (and thus
will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering
Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm
or inform the Trustee in writing at the request of the Company that the reduction was the result,
in whole or in part, of any event or circumstance comprised of or arising as a result of, or in
respect of, the Change of Control (whether or not the applicable Change of Control has occurred at
the time of the Rating Event).

“S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc.

“Voting Stock” means, with respect to any specified person (as that term is used in Section
13(d)(3) of the Securities Exchange Act of 1934, as amended) as of any date, the capital stock of
such person that is at the time entitled to vote generally in the election of the board of
directors of such person.

The Company may, without the consent of the Holders of the Notes, issue additional Securities
having the same ranking and the same interest rate, maturity and other terms as the Notes (except
for the public offering price and issue date and, in some cases, the first interest payment date).
Any additional Securities having the same terms, together with these Notes, will constitute a
single series of Notes under the Indenture; provided that, if the additional Securities are not
fungible with these Notes for U.S. federal income tax purposes, the additional Securities will have
a different CUSIP number. No such additional Securities having the same ranking and the same
interest rate, maturity and other terms as the Notes (except for the public offering price and
issue date and, in some cases, the first interest payment date) may be issued if an Event of
Default has occurred with respect to these Notes.

The Indenture contains provisions for defeasance at any time of either the entire principal of
the Notes or of certain covenants and Events of Default with respect to the Notes, in either case
upon compliance by the Company with certain conditions set forth in the Indenture.

This Global Security is exchangeable for definitive Notes only if (x) the Depositary notifies
the Company that it is unwilling or unable to continue as Depositary for this Global Security or if
at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange
Act of 1934, as amended, and, in either case, the Company does not appoint a successor Depositary
within 90 days after receiving that notice or becoming aware that the Depositary is no longer so
registered, (y) the Company executes and delivers to the Trustee a Company Order that this Global
Security shall be so exchangeable or (z) an Event of Default with respect to the Notes represented
hereby has occurred and is continuing and the Depositary requests the issuance of definitive Notes.
In such case, this Global Security shall be exchangeable into Notes issuable only in denominations
of $2,000 and integral multiples of $1,000 in excess thereof. No Notes shall be issuable in
denominations of less than $2,000. If this Global Security is exchangeable pursuant to the
preceding sentences, it shall be exchangeable for definitive Notes, bearing interest at the same
rate, having the same date of issuance, redemption provisions, Stated Maturity and other terms in
registered form and of differing denominations aggregating a like amount.

As provided in the Indenture and subject to the limitations herein and therein set forth, the
transfer of this Note is registrable in the Security Register, upon surrender of this Note for
registration of transfer at the office or agency of the Company in any place where the principal of
and any premium and interest on this Note are payable, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the Security Registrar duly
executed by the Holder hereof or the Holder’s attorney duly authorized in writing, and thereupon
one or more new Notes of authorized denominations and for the same aggregate principal amount will
be issued to the designated transferee or transferees.

The Notes are issuable only in registered form without coupons in denominations of $2,000 and
integral multiples of $1,000 in excess thereof. No Notes will be issuable in denominations of less
than $2,000. As provided in the Indenture and subject to the limitations herein and therein set
forth, the Notes are exchangeable for a like aggregate principal amount of Notes and of like tenor
in denominations of $2,000 and integral multiples of $1,000 in excess thereof, as requested by the
Holder surrendering the same.

No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the
principal of and interest on this Note at the places, at the respective times and at the rate
herein prescribed.

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of not less than a majority in aggregate principal amount
of the Securities at the time Outstanding of each series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in aggregate principal amount
of the Securities of each series at the time Outstanding, on behalf of the Holders of all
Securities of such series, to waive compliance by the Company with certain provisions of the
Indenture and certain past defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all
future Holders of this Note and of any Note issued upon the registration of transfer hereof or in
exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note.

As provided in and subject to the provisions of the Indenture, the Holder of this Note shall
not have the right to institute any proceeding with respect to the Indenture or for the appointment
of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have
previously given the Trustee written notice of a continuing Event of Default with respect to the
Notes, the Holders of not less than 25% in principal amount of the Notes at the time Outstanding
shall have made written request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have
received from the Holders of a majority in principal amount of the Notes at the time Outstanding a
direction inconsistent with such request, and shall have failed to institute any such proceeding,
for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not
apply to any suit instituted by the Holder of this Note for the enforcement of any payment of
principal hereof or any premium or interest hereon on or after the respective due dates expressed
herein.

Prior to due presentment of this Note for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may deem and treat the Person in whose name this Note
is registered as the absolute owner of this Note at such holder’s address as it appears on the
Security Register (whether or not this Note shall be overdue) for the purpose of receiving payment
of or on account hereof and for all other purposes, and neither the Company nor the Trustee nor any
such agent shall be affected by any notice to the contrary. All payments made to or upon the order
of such registered holder shall, to the extent of the sum or sums paid, effectually satisfy and
discharge liability for moneys payable on this Note.

No recourse under or upon any obligation, covenant or agreement contained in the Indenture or
in any indenture supplemental thereto or any Note, or because of any indebtedness evidenced
thereby, shall be had against any incorporator, or against any past, present or future stockholder,
officer or director, as such, of the Company or of any successor corporation, either directly or
through the Company or any successor corporation, under any rule of law, statute or constitutional
provision or by the enforcement of any assessment or by any legal or equitable proceeding or
otherwise, all such personal liability of every such incorporator, stockholder, officer and
director, as such, being expressly waived and released by acceptance hereof and as a condition of
and as part of the consideration for the issuance of this Note.

Capitalized terms used herein which are not defined herein shall have the respective meanings
assigned thereto in the Indenture.

The Indenture is, and this Note shall be, governed by and construed in accordance with the
laws of the State of New York.

2

___________________________

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 	 
	TEN COM	 	as tenants in common	 	 	UNIF TRAN MIN ACT ______CUSTODIAN______
	TEN ENT	 	as tenants by the entireties	 	 	(Cust) (Minor)
	JT TEN	 	as joint tenants with right	 	 	Under Uniform Transfers to Minors Act
	 	 	 	 	of survivorship and not as	 	 	 
	 	 	 	 	tenants in common	 	 	________________________________
	 	 	 	 	 	 	 	(State)

Additional abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

Please insert Social Security or

Other identifying Number of Assignee

      

/      /
     

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

     
     

     
     

the within Note of GENERAL MILLS, INC. and does hereby irrevocably constitute and appoint
     

     attorney to transfer said Note on the books of the
Company, with full power of substitution in the premises.

Dated:              

      

NOTICE: The signature to this assignment must correspond with the name as written upon the face of
the within instrument in every particular, without alteration or enlargement or any change
whatever.

3Exhibit 10.6

 

	
 
	
 
	
 

	
 
	
 
	
 

	
Signature Group Holdings, Inc

Attention: Craig Bouchard 

Chairman and Chief Executive Officer

15301 Ventura Boulevard

Suite 400

Sherman Oaks, California 91403

United States of America 
	
 
	
Johannes Wehrmann
Senior Manager Structured Finance
Factoring

 

T+49 (0) 6131 4647 476

M  +49 (0) 173 6776 398

E  johannes.wehrmann@ge.com

 

16th October 2014

	
 
	
 

	
 
	
 

Project Evergreen - Factoring Facility Germany

 

 

 

Dear Mr. Bouchard, 

 

We understand that Signature Group Holdings, Inc is considering the acquisition of Project Evergreen currently owned by Aleris International, Inc. (hereinafter referred to as the “Transaction”). Based on the information you have provided to us and our recent discussions, we are pleased to confirm that we have received approval from our credit committee to offer an undisclosed, non-recourse inter-credit factoring facility to Aleris Recycling (German Works) GmbH with a maximum financing amount of up to EUR 50,000,000.00 on the terms set out in the attached term sheet (the “Factoring Facility”). 

 

 

Our offer to provide the Factoring Facility is subject to the following conditions (each to be satisfied in form and substance reasonably satisfactory to us):

 

	
1.
	
Release and/or re-assignment of all accounts receivable and collection accounts.

	
2.
	
Negative pledge declaration of all financing parties regarding the accounts receivable (or other evidence such as a no-conflict opinion by external legal counsel). 

	
3.
	
Confirmation of fulfilment of the closing conditions regarding the Transaction, in accordance with the terms of the Purchase and Sale Agreement signed on or about 16th October 2014 (together with all exhibits and schedules attached thereto, the “Acquisition Agreement”) (without any amendment, modification or waiver of any of the provisions thereof that would be materially adverse to GE Capital Bank AG (“GE Capital”) without the consent of GE Capital).  For purposes of this condition, it is hereby understood and agreed that an increase in the purchase price to be paid in connection with the Transaction shall not be deemed to be materially adverse to GE Capital if it is not funded by any incurrence of indebtedness, but is instead funded by cash on the balance sheet of the Group and/or the net cash proceeds of the Specified Equity Issuance and a decrease in the purchase price of less than 10% shall not be deemed to be materially adverse to GE Capital. 

	
4.
	
Confirmation by the officers of SGH ACQUISITION HOLDCO, INC that the accounts receivable which are subject to the Factoring Facility are free from any security interests of third parties and that neither the execution nor the performance of the factoring agreement does or will conflict with any of the financing arrangements of the Group 

	
5.
	
Full legal documentation including legal sign off by GE Capital.

	
6.
	
Fulfillment of all Know-Your-Customer obligations.

	
7.
	
On-site due diligence to be performed by GE Capital with satisfactory outcome. If desired by you such on-site due diligence can be performed on short notice and it will take presumably a maximum of one business day.

	
8.
	
Detailed review of tolling procedures and agreements with satisfactory outcome for GE Capital. Such review will take place during the on-site due diligence. 

 

 

	
9.
	
Signature Group Holdings, Inc. and other co-investors reasonably acceptable to GE Capital shall have invested a minimum of 30% of the total pro forma capitalization (including debt and equity) of the acquired business on the closing date of the Transaction in the form of cash equity (including $30,000,000 of preferred equity issued to Aleris Corporation or an affiliate) on terms and conditions reasonably acceptable to GE Capital (collectively, the “Specified Equity Issuance”). The Group shall have raised at least $300,000,000 in gross cash proceeds from the issuance of indebtedness in a private placement having such terms and provisions as are reasonably acceptable to GE Capital. 

	
10.
	
All information submitted to us being accurate, complete and not misleading in any material respect.

 

If you do not accept the offer made by us in this letter before 06:00 p.m. in Mainz on 20 October 2014, such offer shall terminate on that date.

 

Following acceptance of this letter by you, our and your obligations under this letter (except your obligation under the Fee Indemnity as defined below) will terminate on 31 January 2015 unless the final factoring documentation has been signed on or before that date.

 

Once countersigned, this letter can be terminated by both parties only for good cause (Kündigung aus wichtigem Grund) as provided for by German law.

 

Subject to a maximum amount of EUR 80,000.00, you shall, without undue delay on demand, pay to us the amount of all cost and expenses (including fees for external lawyers) reasonably incurred by us in connection with the preparation, negotiation, execution and implementation of the Factoring Facility whether or not the Factoring Facility is provided (the “Fee Indemnity”).

 

You may not assign any of your rights or transfer any of your rights and obligations under this letter without our prior written consent.

 

This letter (including this provision) can only be amended or otherwise modified in writing.

 

This letter is governed by German law. The courts of Mainz have exclusive jurisdiction.

 

If you agree to the above, please acknowledge your agreement and acceptance of the offer by signing and returning the enclosed copy of this letter (including Appendix) to us. 

 

We look forward to continuing to work with you towards a successful completion of the Transaction.

 

Yours faithfully

 

 

	
/s/ J. Wehrmann
	
 
	
/s/ Daniel Dussa

	
GE CAPITAL BANK AG
	
 
	
GE CAPITAL BANK AG

	
By:
	
J. Wehrmann
	
 
	
By:
	
Daniel Dussa

	
Title: 
	
Senior Manager
	
 
	
Title: 
	
Sales Representative

 

 

 

We acknowledge and agree to the above:

 

/s/ Craig T. Bouchard                            

Signature Group Holdings, Inc.

Date:             October 17, 2014

 

 

 

Appendix 1

Term Sheet

 

 

TERM SHEET 
EUR 50,000,000.00 FACTORING FACILITY FOR Aleris Recycling (German Works) GmbH

 

	
The provision of the Factoring Facility is subject to the terms and conditions of the commitment letter to which this term sheet is attached and satisfactory documentation.

	
Facility:
	
Undisclosed non-recourse factoring facility (“Factoring Facility”). 

	
Maximum Amount:
	
EUR 50,000,000.00

	
Originator:
	
Aleris Recycling (German Works) GmbH, Grevenbroich, Germany 

	
Purchaser:
	
GE Capital Bank AG, Mainz, Germany

	
Group:
	
SGH ACQUISITION HOLDCO, INC. and all its direct and indirect subsidiaries.

	
Term:
	
Up to 5 years, longest until the maturity of the bonds and the financing facilities provided by General Electric Capital Corporation. 

	
Debtors included in the Factoring Agreement:
	
All Debtors of the Originator with their registered seat in the following countries: BE, BG, DE, DK, EE, FI, FR, IE,IT, LI, LV, LT, LU, MT, NL, NO, AT, PL, PT,RO, CH, SE, SK, SI, ES, CZ, HU, GB, US.

	
Purchase Price Reserve:
	
15.0%

	
Eligible Receivables:
	
Receivables are generally eligible for purchase if:

1.   they originate from the sale of products and/or provision of services in the ordinary course of  the Originator’s business;

2.   their payment term does not exceed 90 days;

3.   they are not claims against a member of the Group;

4.   they are within the scope of assigned debtor limits; 

5.   the maximum amount of receivables against a particular debtor (debtor credit unit, § 19 KWG) does not exceed 40% of all purchased and unpaid receivables of the Originator against all of his Debtors;

6.   they are governed by German law (to the extent they are governed by Swiss law the factoring needs to be disclosed);

7.   they are free from any objections, set-offs and defences, assignable (e.g. no ban of assignment) and not subject to any third party rights

	
Purpose:
	
Any amounts paid as purchase price for the Receivables are to be used primarily to satisfy obligations of the Originator vis-à-vis its suppliers. 

Any remaining surplus can be used to finance the refinancing of certain existing indebtedness and general corporate and working capital purposes of the Originator and the Group.

	
Structuring Fee:
	
1.0% on the Maximum Amount payable at initial funding.

	
Factoring Commission and Administration Fee:
	
0.16% Domestic

0.16% Foreign

	
Interest Rate: 
	
3M EURIBOR plus 1.65% p.a. interest margin 

	
Limit Fees:
	
Per each requested Debtor Limit and contractual year:

Domestic: 30.00 EUR

Foreign: 60.00 EUR

 

 

	
Discretionary Debtor Limits:
	
Maximum per Debtor in the European Union 10,000.00 EUR; free of charge; 

a.   If the Originator delivered goods to a debtor at least twice within 

the preceding 12-month-period and the debtor duly paid for such goods within 60 days after the relevant due date of the receivable, up to 150% of the sum of all unpaid receivables at a particular point in time during the 12-month-period; or

b.   if justifiable beyond doubt by information (not older than 12 months) provided by a commercial inquiry agency or a bank; 

in each case, subject to revocation by the Purchaser at its reasonable discretion.

	
Debtor Limits:
	
Set, cancelled and modified by the Purchaser at its reasonable discretion on the basis of the relevant debtor's creditworthiness and reliability.

	
Factoring Procedure:
	
Undisclosed Inter-Credit®

Undisclosed: the Originator shall accept debtors’ payments by cashless transactions and only into accounts pledged to the Purchaser under the Account Pledge and Trust Agreement. All invoices and other relevant correspondence shall only specify the pledged accounts as the Originator’s bank account details.

Inter-Credit®: debtor payments are booked by the Purchaser to an incoming payment settlement account. The Originator books the payments and relates them to the relevant invoices. At least once a week, the Originator sends its complete open items file to the Purchaser, who reconciles the open items and adjusts all internal accounts. The Originator must keep the accounts receivable books in such a manner that arrears of postings are avoided and that the open items file is correct and up-to-date on a daily basis.

The Purchaser is entitled to terminate the Inter-Credit®-Factoring and/or the Undisclosed Procedure by giving a one month’s prior notice, or without observation of a termination period if the conditions for termination of the Factoring Facility are fulfilled.

In the Undisclosed, Inter-Credit®-Factoring procedure, the Originator has an increased fiduciary duty and duty of care, and must exercise such duties in such a manner as if the Purchaser had performed the relevant task itself, or the assignment had been disclosed, as the case may be.

	
Dunning Procedure:
	
Generally three dunning runs in cycles of 14 days. If the relevant receivable is not completely discharged within 60 days after its due date, the collection procedure is initiated.

The Originator must perform the dunning procedure in such a manner that arrears of reminders are avoided.

	
Collections:
	
If any receivables remain unsettled after the third dunning letter, the Purchaser will initiate the collection procedure. 

The Originator must provide the Purchaser with all necessary documentation and make all relevant disclosures at the latest on the 60th day after the due date of the relevant receivable. If the Originator fails to submit the necessary information in due time, the Purchaser may, after having set a reasonable period to provide information, withdraw from the receivables purchase agreement relating to the relevant receivable.

	
Factoring Security:
	
Assignment of non-purchased accounts receivable. 

Assignment of ancillary rights and claims relating to the accounts receivable.

In the undisclosed procedure; pledge of debtor collection accounts (“Account Pledge and Trust Agreement”).

Assignment of payment claims under trade credit insurance policies (“Insurance Assignment Agreement”) (if applicable).

In each case to secure all present and future claims of the Purchaser against the Originator resulting from the Factoring Facility.

	
Information and Audit Rights:
	
Information and audit rights, customary for this type of transaction.

 

 

	
Financial Covenants:
	
Financial covenants in alignment to the facilities provided by General Electric Capital Corporation relating to the Transaction.

	
Additional Reporting:
	
Annual and monthly financial reporting (incl. P&L, balance sheet and cash flow figures) of the Originator and on Group level.

Monthly reporting regarding tolling accounts of the Originator in a form reasonably satisfactory to the Purchaser. 

	
Termination Rights:
	
Termination rights: customary for this type of transaction, including termination rights for good cause (e.g. in case of a change of control).

Cross-default in case of a default under any other material financing facility of the Group, especially facilities provided by other GE Capital entities. 

	
No security over factoring proceeds:
	
Any amounts paid as purchase price for the receivables of the Originator are to be used primarily to satisfy obligations of the Originator vis-à-vis its suppliers (see “Purpose” above).

Consequently, (i) the Originator’s claims against the Purchaser and (ii) the proceeds out of such claims (e.g. payments to bank accounts) must not be subject to any security of any party or a cash pool arrangement.

For the avoidance of doubt customary pledges of account holding banks resulting out of their general business conditions are permitted if limited to customary fees and costs of the account holding bank. 

	
Reimbursement Claims:
	
The Purchaser may establish reserves for claims of debtors vis-à-vis the Originator which do not result in a direct reduction of individual receivables, in particular claims based on a relevant period and/or the volume of sales (bonuses etc.), and claims arising from certain operations/events (marketing contributions, anniversary bonuses etc.) based on regular notifications by the Originator.

The Purchaser may establish adequate reserves or exclude certain debtors from the Factoring Agreement if these debtors have significant claims against the Originator resulting out of the sale of goods and/ or the provision of services in the ordinary course of business or resulting out of the tolling business of such debtors.

	
Conditions Precedent:
	
Conditions precedent usual for transactions of this nature and in form and substance reasonably satisfactory to the Purchaser including, without limitation, the following:

	
 
	
1.   Originator

	
 
	
(a)   Constitutional documents

	
 
	
(b)   Specimen signatures

	
 
	
2.   Factoring Documents

	
 
	
(a)   Factoring Agreement (including schedule 1 to 3 thereto)

	
 
	
(b)   Account Pledge and Trust Agreement (including notice to, and confirmation of receipt by, account keeping bank)

	
 
	
(c)   Agreement regarding account reconciliations and appointment of auditors for such purpose

	
 
	
3.   Other documents and evidence

	
 
	
(a)   Group structure chart

	
 
	
(b)   Such other conditions precedent set out in the commitment letter to which this Term Sheet is attached.

 

 

	
Costs and Expenses:
	
Subject to a maximum amount of EUR 80,000.00, all reasonable costs and expenses (including legal fees) incurred by the Purchaser in connection with the preparation, negotiation, execution and perfection of the Factoring Documents shall be paid by the Originator promptly on demand whether or not the Factoring Agreement or any of the other Factoring Documents is signed and whether or not an initial funding occurs.

	
Governing Law:
	
German.

	
Jurisdiction:
	
Courts of Mainz, Germany.

 

 

 

We acknowledge and agree to the above:

 

/s/ Craig T. Bouchard                            

Signature Group Holdings, Inc. 

Date:  October 17, 2014

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00236-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00236-of-00352.parquet"}]]