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Exhibit 10.4

JOINDER AGREEMENT

    THIS JOINDER AGREEMENT (this “Agreement”), dated as of April 21, 2022, is by and between STONEX PAYMENT SERVICES LTD., a Washington profit corporation (the “Subsidiary”), and BANK OF AMERICA, N.A., in its capacity as Administrative Agent under that certain Amended and Restated Credit Agreement (as it may be amended, modified, restated or supplemented from time to time, the “Credit Agreement”), dated as of February 22, 2019, by and among STONEX GROUP INC.,  (f/k/a INTL FCSTONE INC.)a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent.  All of the defined terms in the Credit Agreement are incorporated herein by reference.

    The Loan Parties are required by Section 7.13 of the Credit Agreement to cause the Subsidiary to become a “Guarantor”.

    Accordingly, the Subsidiary hereby agrees as follows with the Administrative Agent, for the benefit of the Lenders:

    1.    The Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary will be deemed to be a party to the Guaranty Agreement and a “Guarantor” for all purposes of the Loan Documents, and shall have all of the obligations of a Guarantor thereunder as if it had executed the Guaranty Agreement.  The Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to the Guarantors contained in the Loan Documents.  Without limiting the generality of the foregoing terms of this paragraph 1, the Subsidiary hereby jointly and severally together with the other Guarantors, guarantees to each holder of the Obligations, as provided in the Guaranty Agreement, the prompt payment of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof.

    2.    The Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary will be deemed to be a party to the Security Agreement, and shall have all the obligations of an “Obligor” (as such term is defined in the Security Agreement) thereunder as if it had executed the Security Agreement.  The Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Security Agreement.  Without limiting generality of the foregoing terms of this paragraph 2, the Subsidiary hereby grants to the Administrative Agent, for the benefit of the holders of the Secured Obligations (as such term is defined in Section 1 of the Security Agreement), a continuing security interest in, and a right of set off against any and all right, title and interest of the Subsidiary in and to the Collateral (as such term is defined in Section 2 of the Security Agreement) of the Subsidiary.  The Subsidiary hereby represents and warrants to the Administrative Agent that:

        (i)    The Subsidiary's chief executive office, tax payer identification number, organization identification number, and chief place of business are (and for the prior four months have been) located at the locations set forth on Schedule 1 attached hereto and the Subsidiary keeps its books and records at such locations.

        (ii)    The location of all owned and leased real property of the Subsidiary is as shown on Schedule 2 attached hereto.

        (iii)    The Subsidiary's legal name and jurisdiction of organization is as shown in this Agreement and the Subsidiary has not in the past four months changed its name, been party to a merger, consolidation or other change in structure or used any tradename except as set forth in Schedule 3 attached hereto.

        (iv)    The patents, copyrights, and trademarks listed on Schedule 4 attached hereto constitute all of the registrations and applications for the patents, copyrights and trademarks owned by the Subsidiary.

        (v)    The deposit accounts and investment accounts listed on Schedule 5 attached hereto constitute all of the deposit accounts and investment accounts owned by the Subsidiary.

    

        (vi)    The Subsidiary’s Pledged Equity (as defined in Section 1 the Security Agreement) is as shown on Schedule 6 attached hereto.

        (vii)    Any and all Commercial Tort Claims (as defined in Section 1 of the Security Agreement) by or in favor of the Subsidiary seeking damages in excess of $50,000 are as set forth on Schedule 7 attached hereto.

        (viii)    Schedule 8 attached hereto lists all Instruments, Documents or Tangible Chattel Paper (each as defined in Section 1 of the Security Agreement) of the Subsidiary in excess of $100,000 required to be pledged and delivered to the Administrative Agent pursuant to Section 4(a)(i) of the Security Agreement.

        (ix)    Except for (i) the filing or recording of UCC financing statements, (ii) the filing of appropriate notices with the United States Patent and Trademark Office and the United States Copyright Office, (iii) obtaining control to perfect the Liens created by the Security Agreement (to the extent required under Section 4(a) thereof), (iv) such actions as may be required by Laws affecting the offering and sale of securities, (v) such actions as may be required by applicable foreign Laws affecting the pledge of the Pledged Equity of Foreign Subsidiaries and (vi) consents, authorizations, filings or other actions which have been obtained and made, no consents, authorizations, filings or other actions, other than as listed on Schedule 9 attached hereto, are required for the exercise by the Administrative Agent or the holders of the Secured Obligations of the rights and remedies provided for in the Security Agreement.

    3.    Attached hereto are supplements to Schedule 6.13 to the Credit Agreement and Schedule 1(a) to the Security Agreement as are necessary such that, as supplemented, such schedules would be accurate and complete in all material respects as of the date of this Agreement.

    4.    The address of the Subsidiary for purposes of all notices and other communications is 1075 Jordan Creek Parkway – Suite 300, West Des Moines, IA 50266, Attention of David Bolte, Assistant Secretary (Facsimile No. 515-864-0294).

    5.    The Subsidiary hereby waives acceptance by the Administrative Agent and the Lenders of the guaranty by the Subsidiary under the Guaranty Agreement upon the execution of this Agreement by the Subsidiary.   

    6.    This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute one contract.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement.

    7.    This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York.

    IN WITNESS WHEREOF, the Subsidiary has caused this Joinder Agreement to be duly executed by its authorized officer, and the Administrative Agent has caused the same to be accepted by its authorized officer, as of the day and year first above written.
    
                        STONEX PAYMENT SERVICES LTD.

                        By:    /s/ William J. Dunaway        
Name:    William J. Dunaway
Title:    Chief Financial Officer    
                

                        Acknowledged and accepted:        
    
                        BANK OF AMERICA, N.A., 
                        as Administrative Agent

                        By:    /s/ Kyle D. Harding        
Name:    Kyle D. Harding
Title:    Vice PresidentDocument

    EXHIBIT 10.27

									
	SSW HoldCo LP	SSW Investors LP	SSW Merger Sub Corp
			
	152 West 57th Street	152 West 57th Street	152 West 57th Street
	New York, NY 10019	New York, NY 10019	New York, NY 10019
			

January 24, 2022
QUALCOMM Incorporated            
5775 Morehouse Drive
San Diego, CA 92121    
Ladies and Gentlemen:
Reference is made to (i) that certain Investment and Separation Matters Agreement (as may be amended from time to time in accordance with its terms, the “ISMA”), dated as of October 4, 2021, by and among QUALCOMM Incorporated (“Qualcomm”), SSW HoldCo LP (“SSW HoldCo”) and SSW Merger Sub Corp (“Merger Sub”) and (ii) that certain Investor Agreement (as may be amended from time to time in accordance with its terms, the “Investor Agreement”), dated as of October 4, 2021, by and among Qualcomm, SSW HoldCo and SSW Investors LP (“SSW Parent”). Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the ISMA.

Each of Qualcomm, SSW HoldCo, SSW Parent and Merger Sub hereby agrees as follows:

1.The Arriver/Non-Arriver Separation Planning shall be implemented in accordance with the plan attached hereto as Attachment A, which shall hereby be deemed the Non-Arriver Separation Plan, as contemplated by Section 3.1(a) of the ISMA, and shall constitute Exhibit F of the ISMA for the purpose of this letter agreement and the ISMA. Notwithstanding anything in Section 3.1(a) of the ISMA to the contrary, Qualcomm may not expand the scope of the Arriver Business as defined in the ISMA and described more fully in this Attachment A. 

2.The Arriver Business to be acquired by Qualcomm at the consummation of the Arriver Sale shall be comprised of the Assets, Liabilities, Contracts, employees, business operations, products, platforms, services and activities allocated to the “Arriver Business” in the Non-Arriver Separation Plan attached hereto.

3.The Non-Arriver Business to be retained by SSW Parent or one of its Affiliates at the consummation of the Arriver Sale shall be comprised of the Assets, Liabilities, Contracts, employees, business operations, products, platforms, services and activities allocated to the “Non-Arriver Business” in the Non-Arriver Separation Plan attached hereto.

4.Notwithstanding anything in Section 2.3 (Scope of Representation) and Section 2.4 (Power of Attorney) of the ISMA to the contrary, Qualcomm may not exercise its rights pursuant to such Sections 2.3 and 2.4 of the ISMA to expand the scope of the Arriver Business, as described in this Attachment A.  The parties to this letter agreement further agree that Qualcomm’s rights pursuant to Section 2.3 and 2.4  of the ISMA will have no further force and effect following the Arriver Sale Closing Date. 

     

5.The closing of the Non-Arriver Extraction and the Arriver Sale will each occur as promptly as practicable (and in any event no later than the date that is three (3) months) after the date on which Merger Closing occurs; provided that in the event the conditions set forth in paragraph 6 are not satisfied (or, if permitted by applicable Law, waived by the party for whose benefit such condition exists) on or before such date, the Arriver Sale Closing will occur within two (2) Business Days of the date on which such conditions  are so satisfied (or, if permitted by applicable Law, waived by the party intending to have the benefit thereof).

6.The obligations of Qualcomm and SSW to consummate the Non-Arriver Extraction and the Arriver Sale are subject to the satisfaction (or, if permitted by applicable Law, waiver by the party for whose benefit such conditions exist) of the following conditions: 

a.any waiting period (or any extension thereof) applicable to the consummation of either the Non-Arriver Extraction or the Arriver Sale under the HSR Act shall have expired or been terminated or early termination thereof shall have been granted, and the applicable waiting periods (or any extensions thereof) or clearance, as applicable, applicable to the consummation of the Non-Arriver Extraction and the Arriver Sale under the Antitrust Laws of Germany shall have been expired, been terminated or been obtained; and 

b.the other conditions to the Arriver Sale Closing set forth in Section 4.1 of the Investor Agreement have been satisfied, or if permitted by applicable Law, waived by the party for whose benefit such conditions exist.

7.Qualcomm confirms that it has not elected to effect the separation of the Arriver Business and the Non-Arriver Business and the purchase of the Arriver Business by Qualcomm by way of an Alternative Arriver Business Sale, and the parties to this letter agreement further agree that Qualcomm’s option to elect to pursue an Alternative Arriver Business Sale is hereby irrevocably waived and removed and has no further force and effect.

8.The parties to this letter agreement agree that the first paragraph of Section 5.1 of the Investor Agreement shall be amended and restated in its entirety as follows:

“Section 5.1     Pre-Exit Conduct of Non-Arriver Business. Investor covenants and
agrees that, between the date of the Merger Closing and the earlier of (i) the Final Exit and (ii) the date, if any, on which this Agreement is terminated pursuant to Section 10.1, except as (x) required by Law and (y) expressly required pursuant to this Agreement, Investor shall not, and shall not permit any Investor Group Member to:”

9.The parties to this letter agreement shall consult with each other before issuing any press release or otherwise making any public statements with respect to this letter agreement or the transactions contemplated hereby, and none of the parties hereto or their respective Affiliates shall issue any such press release or make any public statement prior to obtaining the other parties’ consent (which consent shall not be unreasonably withheld, conditioned or delayed), except that no such consent shall be necessary to the extent disclosure may be required by Law, order or applicable stock exchange rule or any listing agreement of a party hereto (in which case, the disclosing party shall use its reasonable best efforts to consult 

     

with the other parties prior to such disclosure). In addition, each party may, without the other parties’ consent, communicate to their employees, customers, suppliers and consultants; provided such communication is consistent with prior communications or communications plans, in each case, agreed to by the parties hereto. 

10.The ISMA and Investor Agreement remain in full force and effect in accordance with their terms and, except as expressly set forth in this letter agreement, nothing contained herein is intended or shall be deemed to limit, restrict, modify, alter, amend or otherwise change in any manner any of the rights or obligations of the parties under the ISMA and Investor Agreement. 

11.This letter agreement constitutes a legal, valid and binding obligation on Qualcomm, SSW HoldCo, SSW Parent and Merger Sub and is enforceable against each such party in accordance with its terms. 

12.This letter agreement shall be governed by and construed in accordance with the laws of the State of Delaware.  The terms of Article 11 of the ISMA shall apply to this letter agreement, mutatis mutandis.

[Signature pages follow.]

     

															
	Sincerely,			
	SSW HOLDCO LP
		SSW INVESTORS LP
	By its General Partner, SSW HOLDCO
		By its General Partner, SSW

	GP LLC		INVESTORS GP LLC

					
	By:	 /s/ Antonio Weiss		By:	/s/ Antonio Weiss
	Name:	 Antonio Weiss		Name:	Antonio Weiss
	Title:	 Member		Title:	Member
					
					
					
					
	SSW MERGER SUB CORP
			
					
					
	By:	/s/ Antonio Weiss			
	Name:	Antonio Weiss			
	Title:	Co-President			

     

															
	Acknowledged and Agreed:
			
			
	QUALCOMM Incorporated
		
			
					
	By:	 /s/ Akash Palkhiwala			
	Name:	Akash Palkhiwala			
	Title:	Chief Financial Officer

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