Document:

exv4w1

 

EXHIBIT 4.1

EXECUTION COPY

ACTIVANT SOLUTIONS INC.,

as Issuer

AND

THE GUARANTORS NAMED HEREIN

AND

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

FIRST SUPPLEMENTAL INDENTURE

Dated as of April 20, 2005

to

Indenture

Dated as of March 30, 2005

$120,000,000

Floating Rate Senior Notes

due 2010

 

 

      FIRST SUPPLEMENTAL INDENTURE, dated as of April 20, 2005, among ACTIVANT SOLUTIONS INC., a
Delaware corporation (the “Company”), PRELUDE SYSTEMS, INC., a Texas corporation
(“Prelude”), ENTERPRISE COMPUTER SYSTEMS, INC., a South Carolina corporation
(“ECS”, and together with Prelude, the “New Subsidiary Guarantors”), and WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Trustee (the “Trustee”).

      WHEREAS, the Company and certain subsidiary guarantors have heretofore executed and delivered
to the Trustee an Indenture dated as of March 30, 2005 (the “Indenture”), providing for the
issuance of $120,000,000 aggregate principal amount of Floating Rate Senior Notes due 2010 (the
“Notes”); and

      WHEREAS, the Company, the New Subsidiary Guarantors and the Trustee desire by this First
Supplemental Indenture, pursuant to and as contemplated by the provisions of the Indenture relating
to the addition of guarantors, including, without limitation, Sections 4.05 and 10.01 thereof, to
add the New Subsidiary Guarantors as guarantors pursuant to the terms of the Indenture; and

      WHEREAS, the execution and delivery of this First Supplemental Indenture has been authorized
by resolutions of the Board of Directors of each of the Company and the New Subsidiary Guarantors;
and

      WHEREAS, all conditions and requirements necessary to make this First Supplemental Indenture a
valid, binding legal instrument in accordance with its terms have been performed and fulfilled by
the parties hereto and the execution and delivery thereof have been in all respects duly authorized
by the parties hereto.

      NOW, THEREFORE, in consideration of the above premises, each party agrees, for the benefit of
the others and for the equal and ratable benefit of the holders of the Notes, as follows:

ARTICLE I.

ASSUMPTION OF OBLIGATIONS AS GUARANTOR

Section 1.01. Assumption. Each of the New Subsidiary Guarantors hereby expressly and
unconditionally assumes each and every covenant, agreement and undertaking of a Guarantor in the
Indenture as of the date of this First Supplemental Indenture, and also hereby expressly and
unconditionally assumes each and every covenant, agreement and undertaking of a Guarantor in each
Note outstanding on the date of this First Supplemental Indenture and any Additional Notes issued
pursuant to the Indenture.

ARTICLE II. 

MISCELLANEOUS PROVISIONS

Section 2.01. Terms Defined. For all purposes of this First Supplemental Indenture, except as otherwise defined or unless
the context otherwise requires, terms used in capitalized form in this

2

 

First Supplemental Indenture and defined in the Indenture have the meanings specified in the Indenture.

Section 2.02. Indenture. Except as amended hereby, the Indenture and the Notes are in
all respects ratified and confirmed and all the terms shall remain in full force and effect.

Section 2.03. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE
AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

Section 2.04. Successors. All agreements of the Company and the New Subsidiary
Guarantors in this First Supplemental Indenture and the Notes shall bind their successors. All
agreements of the Trustee in this First Supplemental Indenture shall bind its successors.

Section 2.05. Duplicate Originals. All parties may sign any number of copies of this
First Supplemental Indenture. Each signed copy shall be an original, but all of them together
shall represent the same agreement.

Section 2.06. Severability. In case any one or more of the provisions in this First
Supplemental Indenture or in the Notes shall be held invalid, illegal or unenforceable, in any
respect for any reason, the validity, legality and enforceability of any such provision in every
other respect and of the remaining provisions shall not in any way be affected or impaired thereby,
it being intended that all of the provisions hereof shall be enforceable to the full extent
permitted by law.

Section 2.07. Trustee Disclaimer. The Trustee accepts the amendment of the Indenture
effected by this First Supplemental Indenture and agrees to execute the trust created by the
Indenture as hereby amended, but on the terms and conditions set forth in the Indenture, including
the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee,
which terms and provisions shall in like manner define and limit its liabilities and
responsibilities in the performance of the trust created by the Indenture as hereby amended, and
without limiting the generality of the foregoing, the Trustee shall not be responsible in any
manner whatsoever for or with respect to any of the recitals or statements contained herein, all of
which recitals or statements are made solely by the Company and the New Subsidiary Guarantors, or
for or with respect to (i) the validity or sufficiency of this First Supplemental Indenture or any
of the terms or provisions hereof, (ii) the proper authorization hereof by the Company and the New
Subsidiary Guarantors by corporate action or otherwise, (iii) the due execution hereof by the
Company and the New Subsidiary Guarantors or (iv) the consequences (direct or indirect and whether
deliberate or inadvertent) of any amendment herein provided for, and the Trustee makes no
representation with respect to any such matters.

Section 2.08. Effectiveness. This First Supplemental Indenture shall become
effective, once executed, upon receipt by the Trustee of a certificate of an appropriate officer of
the Company; and an opinion of Weil, Gotshal & Manges LLP, counsel to the Company, each of which
shall be dated no earlier than the date hereof.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

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      IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to
be duly executed as of the day and year written above.

	 	 	 	 	 
	 	ACTIVANT SOLUTIONS INC., as Issuer

 	 
	 	By:  	 	 
	 	 	Name:  	Richard W. Rew, II 	 
	 	 	Title:  	General Counsel & Secretary 	 
	 
	 	PRELUDE SYSTEMS, INC., as a New Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	Richard W. Rew, II 	 
	 	 	Title:  	Secretary 	 
	 
	 	ENTERPRISE COMPUTER SYSTEMS, INC., as a New

Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	Richard W. Rew, II 	 
	 	 	Title:  	Secretary 	 
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 	 
	 	By:  	 	 
	 	Name:	  Timothy P. Mowdy 	 
	 	Title:	  Assistant Vice President 	 
	 

4exv4w2

 

EXHIBIT 4.2

EXECUTION COPY

 

 

ACTIVANT SOLUTIONS INC.,

as Issuer

AND

THE GUARANTORS NAMED HEREIN

AND

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

FIRST SUPPLEMENTAL INDENTURE

Dated as of April 20, 2005

to

Indenture

Dated as of June 27, 2003

$157,000,000

10 1/2% Senior Notes

due 2011

 

 

 

 

      FIRST SUPPLEMENTAL INDENTURE, dated as of April 20, 2005, among ACTIVANT SOLUTIONS INC., a
Delaware corporation (the “Company”), PRELUDE SYSTEMS, INC., a Texas corporation
(“Prelude”), ENTERPRISE COMPUTER SYSTEMS, INC., a South Carolina corporation
(“ECS”, and together with Prelude, the “New Subsidiary Guarantors”), and WELLS
FARGO BANK, NATIONAL ASSOCIATION, as successor by merger to Wells Fargo Bank Minnesota, N.A., as
Trustee (the “Trustee”).

      WHEREAS, the Company and certain subsidiary guarantors have heretofore executed and delivered
to the Trustee an Indenture dated as of June 27, 2003 (the “Indenture”), providing for the
issuance of $157,000,000 aggregate principal amount of 10 1/2% Senior Notes due 2011 (the
“Notes”); and

      WHEREAS, the Company, the New Subsidiary Guarantors and the Trustee desire by this First
Supplemental Indenture, pursuant to and as contemplated by the provisions of the Indenture relating
to the addition of guarantors, including, without limitation, Sections 4.05 and 10.01 thereof, to
add the New Subsidiary Guarantors as guarantors pursuant to the terms of the Indenture; and

      WHEREAS, the execution and delivery of this First Supplemental Indenture has been authorized
by resolutions of the Board of Directors of each of the Company and the New Subsidiary Guarantors;
and

      WHEREAS, all conditions and requirements necessary to make this First Supplemental Indenture a
valid, binding legal instrument in accordance with its terms have been performed and fulfilled by
the parties hereto and the execution and delivery thereof have been in all respects duly authorized
by the parties hereto.

      NOW, THEREFORE, in consideration of the above premises, each party agrees, for the benefit of
the others and for the equal and ratable benefit of the holders of the Notes, as follows:

ARTICLE I.

ASSUMPTION OF OBLIGATIONS AS GUARANTOR

Section 1.01. Assumption. Each of the New Subsidiary Guarantors hereby expressly and
unconditionally assumes each and every covenant, agreement and undertaking of a Guarantor in the
Indenture as of the date of this First Supplemental Indenture, and also hereby expressly and
unconditionally assumes each and every covenant, agreement and undertaking of a Guarantor in each
Note outstanding on the date of this First Supplemental Indenture and any Additional Notes issued
pursuant to the Indenture.

ARTICLE II.

MISCELLANEOUS PROVISIONS

Section 2.01. Terms Defined. For all purposes of this First Supplemental Indenture, except as otherwise defined or unless
the context otherwise requires, terms used in capitalized form in this
First Supplemental Indenture and defined in the Indenture have the meanings specified in the Indenture.

2

 

Section 2.02. Indenture. Except as amended hereby, the Indenture and the Notes are in
all respects ratified and confirmed and all the terms shall remain in full force and effect.

Section 2.03. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF
CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY .

Section 2.04. Successors. All agreements of the Company and the New Subsidiary
Guarantors in this First Supplemental Indenture and the Notes shall bind their successors. All
agreements of the Trustee in this First Supplemental Indenture shall bind its successors.

Section 2.05. Duplicate Originals. All parties may sign any number of copies of this
First Supplemental Indenture. Each signed copy shall be an original, but all of them together
shall represent the same agreement.

Section 2.06. Severability. In case any one or more of the provisions in this First
Supplemental Indenture or in the Notes shall be held invalid, illegal or unenforceable, in any
respect for any reason, the validity, legality and enforceability of any such provision in every
other respect and of the remaining provisions shall not in any way be affected or impaired thereby,
it being intended that all of the provisions hereof shall be enforceable to the full extent
permitted by law.

Section 2.07. Trustee Disclaimer. The Trustee accepts the amendment of the Indenture
effected by this First Supplemental Indenture and agrees to execute the trust created by the
Indenture as hereby amended, but on the terms and conditions set forth in the Indenture, including
the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee,
which terms and provisions shall in like manner define and limit its liabilities and
responsibilities in the performance of the trust created by the Indenture as hereby amended, and
without limiting the generality of the foregoing, the Trustee shall not be responsible in any
manner whatsoever for or with respect to any of the recitals or statements contained herein, all of
which recitals or statements are made solely by the Company and the New Subsidiary Guarantors, or
for or with respect to (i) the validity or sufficiency of this First Supplemental Indenture or any
of the terms or provisions hereof, (ii) the proper authorization hereof by the Company and the New
Subsidiary Guarantors by corporate action or otherwise, (iii) the due execution hereof by the
Company and the New Subsidiary Guarantors or (iv) the consequences (direct or indirect and whether
deliberate or inadvertent) of any amendment herein provided for, and the Trustee makes no
representation with respect to any such matters.

Section 2.08. Effectiveness. This First Supplemental Indenture shall become
effective, once executed, upon receipt by the Trustee of a certificate of an appropriate officer of
the Company; and an opinion of Weil, Gotshal & Manges LLP, counsel to the Company, each of which
shall be dated no earlier than the date hereof.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

3

 

      IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to
be duly executed as of the day and year written above.

	 	 	 	 	 
	 	ACTIVANT SOLUTIONS INC., as Issuer

 	 
	 	By:  	 	 
	 	 	Name:  	Richard W. Rew, II 	 
	 	 	Title:  	General Counsel & Secretary 	 
	 
	 	PRELUDE SYSTEMS, INC., as a New Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	Richard W. Rew, II 	 
	 	 	Title:  	Secretary 	 
	 
	 	ENTERPRISE COMPUTER SYSTEMS, INC., as a New

Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	Richard W. Rew, II 	 
	 	 	Title:  	Secretary 	 
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	Timothy P. Mowdy 	 
	 	 	Title:  	Assistant Vice President 	 
	 

4

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