Document:

EX-4(D)

 

Exhibit 4(d)

Execution copy

ASSUMPTION AGREEMENT

     This
ASSUMPTION AGREEMENT, dated as of February 23, 2006, made by Gutwein & Co.,
Inc., an Indiana corporation (the “Additional Grantor”), in favor of JPMorgan Chase Bank,
N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the banks
and other financial institutions (the “Lenders”) parties to the Credit Agreement referred
to below. All capitalized terms not defined herein shall have the meaning ascribed to them in such
Credit Agreement.

W I T N E S S E T H :

     WHEREAS, The Scotts Miracle-Gro Company, an Ohio corporation (the “Borrower”), the
Subsidiary Borrowers, the Lenders, the Administrative Agent, the Documentation Agent and the
Syndication Agent have entered into a Revolving Credit Agreement, dated as of July 21, 2005 (as
amended, supplemented or otherwise modified from time to time, the “Credit Agreement”);

     WHEREAS, in connection with the Credit Agreement, the Borrower and certain of its Affiliates
(other than the Additional Grantor) have entered into the Guarantee and Collateral Agreement, dated
as of July 21, 2005 (as amended, supplemented or otherwise modified from time to time, the
“Guarantee and Collateral Agreement”) in favor of the Administrative Agent for the benefit
of the Lenders;

     WHEREAS, the Credit Agreement requires the Additional Grantor to become a party to the
Guarantee and Collateral Agreement; and

     WHEREAS, the Additional Grantor has agreed to execute and deliver this Assumption Agreement in
order that it become a party to the Guarantee and Collateral Agreement.

     NOW, THEREFORE, IT IS AGREED:

     1. Guarantee and Collateral Agreement. By executing and delivering this Assumption
Agreement, the Additional Grantor, as provided in Section 9.14 of the Guarantee and Collateral
Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as a Grantor thereunder
with the same force and effect as if it was originally named therein as a Grantor and, without
limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities
of a Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the
information set forth in the Schedules to the Guarantee and Collateral Agreement. The Additional
Grantor hereby represents and warrants that each of the representations and warranties contained in
Section 5 of the Guarantee and Collateral Agreement is true and correct on and as the date hereof
(after giving effect to this Assumption Agreement) as if made on and as of such date.

     2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

[Remainder of page intentionally left blank]

 

 

2

     IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed
and delivered as of the date first above written.

 

	 	 	 	 	 
	 	GUTWEIN & CO., INC.	 
	 	By:  	                                              /s/ Christopher L. Nagel
 	 
	 	 	Name:  	Christopher L. Nagel 	 
	 	 	Title:  	Executive Vice President and CFO 	 

 

 

3

	 	 	 	 	 

Annex 1-A to

Assumption Agreement

Supplement to Schedule 1

Supplement to Schedule 2

Supplement to Schedule 3

Supplement to Schedule 4

05/05/2006 — Columbus — 9893773EX-4(E)

 

Exhibit 4(e)

EXECUTION COPY

FIRST AMENDMENT

          FIRST AMENDMENT, dated as of March 2, 2006 (this “First Amendment”), to the Revolving
Credit Agreement (the “Credit Agreement”), dated as of July 21, 2005, by and among The
Scotts Miracle-Gro Company, an Ohio corporation (the “Borrower”), the Subsidiary Borrowers
from time to time parties to this agreement, the several banks and other financial institutions
from time to time parties to this Agreement (the “Lenders”), the Syndication Agents and
Documentation Agents named therein, and JPMorgan Chase Bank, N.A., as administrative agent for the
Lenders (in such capacity, the “Administrative Agent”).

W I T N E S S E T H :

          WHEREAS, the Borrower has requested that the Credit Agreement be amended as provided herein;

          WHEREAS, the Lenders and the Administrative Agent are willing to agree to such amendments to
the Credit Agreement, subject to the terms and conditions set forth herein;

          NOW, THEREFORE, in consideration of the premises and of the mutual agreements herein
contained, the parties hereto agree as follows:

     1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein
shall have the respective meanings assigned to them in the Credit Agreement.

     2. Amendment to Subsection 1.1 (Definitions). The definition of “Sold Receivables” in
subsection 1.1 of the Credit Agreement is hereby amended by deleting it in its entirety and
inserting in lieu thereof the following new definition:

     “Sold Receivables” shall mean Receivables originated by the Borrower or its
Subsidiaries (including any related assets) sold to a Receivables Subsidiary or any other
Person pursuant to and securing obligations under any Receivables Purchase Facility in an
amount not to exceed $200,000,000, at any time outstanding.

     3. Amendment to Subsection 7.6 (Limitation on Restrictions on Subsidiary
Distributions). Subsection 7.6 of the Credit Agreement is hereby amended by inserting “(other
than a Receivables Subsidiary in connection with a Receivables Purchase Facility)” following “which
is not a Subsidiary Guarantor”.

     4. Representations and Warranties. On and as of the date hereof, and after giving
effect to this First Amendment, each of the Borrower and the Subsidiary Borrowers hereby confirms,
reaffirms and restates the representations and warranties set forth in Section 4 of the Credit
Agreement mutatis mutandis, and to the extent that such representations and
warranties expressly relate to a specific earlier date in which case it hereby confirms, reaffirms
and restates such representations and warranties as of such earlier date.

     5. Conditions to Effectiveness. This First Amendment shall become effective as of the
date set forth above upon the receipt by the Administrative Agent of counterparts of this First
Amendment, duly executed and delivered by the Administrative Agent, the Borrower, each Subsidiary
Borrower and the Required Lenders.

 

 

     6. Continuing Effect; No Other Amendments. Except as expressly amended or waived
hereby, all of the terms and provisions of the Credit Agreement are and shall remain in full force
and effect. The amendments provided for herein are limited to the specific subsections of the
Credit Agreement specified herein and shall not constitute an amendment of, or an indication of any
Lender’s willingness to amend or waive, any other provisions of the Credit Agreement or the same
subsections for any other date or time period (whether or not other provisions or compliance with
such subsections for another date or time period are affected by the circumstances addressed in
this First Amendment).

     7. Expenses. The Borrower agrees to pay and reimburse the Administrative Agent for
all its reasonable costs and expenses incurred in connection with the preparation and delivery of
this First Amendment, including, without limitation the reasonable fees and disbursements of
counsel to the Administrative Agent.

     8. GOVERNING LAW. THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     9. Counterparts. This First Amendment may be executed by the parties hereto in any
number of separate counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

2

 

          IN WITNESS WHEREOF, the parties hereto have caused
this First Amendment to be duly executed and delivered in New York, New York by their proper and
duly authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	THE SCOTTS MIRACLE-GRO COMPANY

 	 
	 	By:  	/s/ Christopher L. Nagel
 	 
	 	 	Name:  	Christopher L. Nagel 	 
	 	 	Title:  	Executive Vice President and CFO 	 
	 

	 	 	 	 	 
	 	HYPONEX CORPORATION

 	 
	 	By:  	/s/ Edward R. Claggett
 	 
	 	 	Name:  	Edward R. Claggett 	 
	 	 	Title:  	Vice President and Assistant Secretary 	 
	 

	 	 	 	 	 
	 	SCOTTS AUSTRALIA PTY. LTD.

 	 
	 	By:  	/s/ Edward R. Claggett
 	 
	 	 	Name:  	Edward R. Claggett 	 
	 	 	Title:  	Director 	 
	 

	 	 	 	 	 
	 	SCOTTS CANADA LTD.

 	 
	 	By:  	/s/ Edward R. Claggett
 	 
	 	 	Name:  	Edward R. Claggett 	 
	 	 	Title:  	Vice President & Assistant Secretary 	 
	 

	 	 	 	 	 
	 	SCOTTS HOLDINGS LIMITED

 	 
	 	By:  	/s/ Edward R. Claggett
 	 
	 	 	Name:  	Edward R. Claggett 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SCOTTS MANUFACTURING COMPANY

 	 
	 	By:  	/s/ Christopher L. Nagel
 	 
	 	 	Name:  	Christopher L. Nagel 	 
	 	 	Title:  	Executive Vice President and CFO 	 
	 

	 	 	 	 	 
	 	EG SYSTEMS, INC.

 	 
	 	By:  	/s/ Edward R. Claggett
 	 
	 	 	Name:  	Edward R. Claggett 	 
	 	 	Title:  	Vice President & Assistant Secretary 	 
	 

	 	 	 	 	 
	 	SCOTTS TEMECULA OPERATIONS, LLC

 	 
	 	By:  	/s/ Christopher L. Nagel
 	 
	 	 	Name:  	Christopher L. Nagel 	 
	 	 	Title:  	Executive Vice President and CFO 	 
	 

	 	 	 	 	 
	 	THE SCOTTS COMPANY (UK) LTD.

 	 
	 	By:  	/s/ Edward R. Claggett
 	 
	 	 	Name:  	Edward R. Claggett 	 
	 	 	Title:  	Director 	 
	 

	 	 	 	 	 
	 	SCOTTS TREASURY EEIG

 	 
	 	By:  	/s/ Brian K. Weyer
 	 
	 	 	Name:  	Brian K. Weyer 	 
	 	 	Title:  	Manager 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE SCOTTS COMPANY LLC

 	 
	 	By:  	/s/ Christopher L. Nagel
 	 
	 	 	Name:  	Christopher L. Nagel 	 
	 	 	Title:  	Executive Vice President and CFO 	 
	 

	 	 	 	 	 
	 	SMITH & HAWKEN, LTD.

 	 
	 	By:  	/s/ Christopher L. Nagel
 	 
	 	 	Name:  	Christopher L. Nagel 	 
	 	 	Title:  	Executive Vice President and CFO 	 
	 

	 	 	 	 	 
	 	SMG GROWING MEDIA, INC.

 	 
	 	By:  	/s/ Christopher L. Nagel
 	 
	 	 	Name:  	Christopher L. Nagel 	 
	 	 	Title:  	Executive Vice President and CFO 	 
	 

	 	 	 	 	 
	 	GUTWEIN & CO., INC.

 	 
	 	By:  	/s/ Edward R. Claggett
 	 
	 	 	Name:  	Edward R. Claggett 	 
	 	 	Title:  	Vice President & Assistant Secretary 	 

 

 

	 	 	 	 	 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Revolving Credit Agreement

..

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, as Administrative Agent and as
a Lender

 	 
	 	By:  	/s/ Randolph Cates
 	 
	 	 	Name:  	Randolph Cates 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANK OF AMERICA, N.A.

 	 
	 	By:  	/s/ Sharon Burks Horos
 	 
	 	 	Name:  	Sharon Burks Horos 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANK OF MONTREAL

 	 
	 	By:  	/s/ Ben Ciallelia
 	 
	 	 	Name:  	Ben Ciallelia 	 
	 	 	Title:  	Vice President 	 
	 
	 	BNP PARIBAS

 	 
	 	By:  	/s/ Andrew Strait
 	 
	 	 	Name:  	Andrew Strait 	 
	 	 	Title:  	Managing Director 	 

	 	 	 	 	 
	 	By:  	                       /s/ Chris Grumboski
 	 
	 	 	Name:  	Chris Grumboski 	 
	 	 	Title:  	Director 	 
	 
	 	CALYON NEW YORK BRANCH

 	 
	 	By:  	/s/ Lee E. Greve
 	 
	 	 	Name:  	Lee E. Greve 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                        /s/ Joseph Philbin
 	 
	 	 	Name:  	Joseph Philbin 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Revolving Credit Agreement

..

	 	 	 	 	 
	 	CITICORP NORTH AMERICA, INC.

 	 
	 	By:  	/s/ Richard M. Levin
 	 
	 	 	Name:  	Richard M. Levin 	 
	 	 	Title:  	Director 	 

	 	 	 	 	 
	 	CITIZENS BANK OF PENNSYLVANIA

 	 
	 	By:  	/s/ Dwayne R. Finney
 	 
	 	 	Name:  	Dwayne R. Finney 	 
	 	 	Title:  	Senior Vice President 	 

	 	 	 	 	 
	 	COBANK, ACB

 	 
	 	By:  	/s/ S. Richard Dill
 	 
	 	 	Name:  	S. Richard Dill 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	COMERICA BANK

 	 
	 	By:  	/s/ Scott M. Kowalski
 	 
	 	 	Name:  	Scott M. Kowalski 	 
	 	 	Title:  	Assistant Vice President 	 

	 	 	 	 	 
	 	COOPERATIEVE CENTRALE RAIFFEISEN-

BOERENLEENBANK B.A., “RABOBANK

INTERNATIONAL” New York Branch

 	 
	 	By:  	/s/ Peter Duncan
 	 
	 	 	Name:  	Peter Duncan 	 
	 	 	Title:  	Executive Director 	 

	 	 	 	 	 
	 	By:  	                  /s/ Andrew Sherman
 	 
	 	 	Name:  	Andrew Sherman 	 
	 	 	Title:  	Counsel/Executive Director 	 

 

 

	 	 	 	 	 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Revolving Credit Agreement

..

	 	 	 	 	 
	 	FARM CREDIT BANK OF TEXAS

 	 
	 	By:  	/s/ Luis Requejo
 	 
	 	 	Name:  	Luis Requejo 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	FIFTH THIRD BANK, AN OHIO

     BANKING CORPORATION

 	 
	 	By:  	/s/ Christopher D. Jones
 	 
	 	 	Name:  	Christopher D. Jones 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	FORTIS CAPITAL CORP.

 	 
	 	By:  	/s/ John W. Deegan
 	 
	 	 	Name:  	John W. Deegan 	 
	 	 	Title:  	Senior Vice President 	 

	 	 	 	 	 
	 	FORTIS CAPITAL CORP.

 	 
	 	By:  	/s/ Michiel Van der Voort
 	 
	 	 	Name:  	Michiel Van der Voort 	 
	 	 	Title:  	Managing Director 	 

	 	 	 	 	 
	 	HARRIS N.A.

 	 
	 	By:  	/s/ John Stichnoth
 	 
	 	 	Name:  	John Stichnoth 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	LASALLE BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Ted Lape
 	 
	 	 	Name:  	Ted Lape 	 
	 	 	Title:  	SVP 	 

 

 

	 	 	 	 	 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Revolving Credit Agreement

..

	 	 	 	 	 
	 	NATIONAL CITY BANK

 	 
	 	By:  	/s/ Thomas E. Redmond
 	 
	 	 	Name:  	Thomas E. Redmond 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	PEOPLE’S BANK

 	 
	 	By:  	/s/ George F. Paik
 	 
	 	 	Name:  	Thomas E. Redmond 	 
	 	 	Title:  	Vice President 	 
	 
	 	SCOTIABANC INC.

 	 
	 	By:  	/s/ William E. Zarrett
 	 
	 	 	Name:  	William E. Zarrett 	 
	 	 	Title:  	Managing Director 	 
	 
	 	SCOTIABANK EUROPE PLC

 	 
	 	By:  	/s/ David Willis
 	 
	 	 	Name:  	David Willis 	 
	 	 	Title:  	Associate Director 	 
	 
	 	SUMITOMO MITSUI BANKING

CORPORATION

 	 
	 	By:  	/s/ Yoshihiro Hyakutome
 	 
	 	 	Name:  	Yoshihiro Hyakutome 	 
	 	 	Title:  	General Manager 	 

 

 

	 	 	 	 	 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Revolving Credit Agreement

	 	 	 	 	 
	 	SUNTRUST BANK

 	 
	 	By:  	/s/ Heidi M. Khambatta
 	 
	 	 	Name:  	Heidi M. Khambatta 	 
	 	 	Title:  	Director 	 
	 
	 	THE BANK OF NEW YORK

 	 
	 	By:  	/s/ Kenneth R. McDonnell
 	 
	 	 	Name:  	Kenneth R. McDonnell 	 
	 	 	Title:  	Vice President 	 
	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ LTD.,

               NEW YORK BRANCH

 	 
	 	By:  	/s/ Maria Ferradas
 	 
	 	 	Name:  	Maria Ferradas 	 
	 	 	Title:  	Authorized Signatory 	 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ Trust Company

 	 
	 	By:  	/s/ Maria Ferradas
 	 
	 	 	Name:  	Maria Ferradas 	 
	 	 	Title:  	Vice President 	 
	 
	 	THE NORTHERN TRUST COMPANY

 	 
	 	By:  	/s/ David Graham
 	 
	 	 	Name:  	David Graham 	 
	 	 	Title:  	Commercial Banking Officer 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Robert H. Friend
 	 
	 	 	Name:  	Robert H. Friend 	 
	 	 	Title:  	Vice President

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