Document:

Exhibit 4.1

 

EXECUTION VERSION

 

FIRST SUPPLEMENTAL INDENTURE

 

Dated as of December 2, 2016

 

Among

 

COGENT COMMUNICATIONS GROUP, INC., as the Issuer,

 

the Guarantors party hereto

 

and

 

WILMINGTON TRUST, NATIONAL ASSOCIATION,

 

as Trustee and Collateral Agent

 

5.375% SENIOR SECURED NOTES DUE 2022

 

 

FIRST SUPPLEMENTAL INDENTURE, dated as of December 2, 2016 (this “Supplemental Indenture”), among COGENT COMMUNICATIONS GROUP, INC. (the “Issuer”), as issuer, the Guarantors party hereto (the “Guarantors”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee and Collateral Agent under the Indenture referred to below.

 

W I T N E S S E T H:

 

WHEREAS, the Issuer, the Guarantors, the Trustee and the Collateral Agent are party to an Indenture, dated as of February 20, 2015 (the “Base Indenture” and, together with any supplements thereto, the “Indenture”), relating to the issuance from time to time by the Issuer of senior secured notes in series;

 

WHEREAS, pursuant to the Base Indenture, the Issuer initially issued $250.0 million of its 5.375% Senior Secured Notes due 2022 (the “Initial Notes”);

 

WHEREAS, Section 9.01(11) of the Base Indenture provides that the Issuer may provide for the issuance of Additional Notes as permitted by Section 2.01 therein;

 

WHEREAS, the Issuer wishes to issue an additional $125.0 million of its 5.375% Senior Secured Notes due 2022 as Additional Notes (as defined in the Base Indenture) under the Base Indenture (the “Additional Securities”);

 

WHEREAS, in connection with the issuance of the Additional Securities, the Issuer and the Guarantors have each duly authorized the execution and delivery of this Supplemental Indenture; and

 

WHEREAS, pursuant to Sections 2.01, 2.02, 4.03, 4.06, 9.01 and 9.06 of, and the definition of “Additional Notes” in, the Base Indenture, the parties hereto are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any Holder;

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuer, the Guarantors, the Trustee and the Collateral Agent mutually covenant and agree for the benefit of the Holders of the Notes as follows:

 

1.                                      Defined Terms.  As used in this Supplemental Indenture, terms defined in the Base Indenture or in the preamble or recital hereto are used herein as so defined.  The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

 

2.                                      Amendment.  The Base Indenture is hereby amended to delete the first recital in its entirety and replace it with the following: “WHEREAS, the Company has duly authorized the creation of an issue of (i) $250,000,000 aggregate principal amount of 5.375% Senior Secured Notes due 2022 (the “Initial Notes”) and (ii) any Additional Notes (as defined

 

 

herein) that may be issued after the date hereof (all such notes in clauses (i) and (ii) being referred to collectively as the “Notes”);”

 

3.                                      Additional Notes.  As of the date hereof, the Issuer will issue the Additional Securities.  The Additional Securities issued pursuant to this Supplemental Indenture constitute Additional Notes issued pursuant to Sections 2.01 and 2.02 of the Base Indenture and shall be consolidated with and form a single class with the Initial Notes previously established pursuant to the Base Indenture.  The Additional Securities shall have the same terms and conditions in all respects as the Initial Notes, except that the issue date of the Additional Securities shall be December 2, 2016, the first interest payment date with respect to the Additional Securities shall be March 1, 2017 and the Additional Securities shall accrue interest from September 1, 2016.  Subject to the foregoing, the Additional Securities shall be substantially in the form of Exhibit A to the Base Indenture.

 

4.                                      Aggregate Principal Amount.  The aggregate principal amount of the Additional Securities that may be authenticated and delivered pursuant to this Supplemental Indenture shall be $125.0 million.

 

5.                                      Governing Law; Waiver of Jury Trial.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE ADDITIONAL SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

6.                                      Ratification and Reaffirmation of Indenture; Supplemental Indenture Part of Indenture.  Except as expressly amended hereby, the Indenture (including the Guarantees contained therein) is in all respects ratified and reaffirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.  Neither the Trustee nor the Collateral Agent makes any representation or warranty as to the validity or sufficiency of this Supplemental Indenture or as to the accuracy of the recitals to this Supplemental Indenture.

 

7.                                      No Personal Liability of Directors, Officer, Employees and Stockholders.  No director, officer, employee, incorporator, stockholder, member, manager or partner of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, the Base Indenture, the Note Guarantees, the Security Documents, any Intercreditor Agreement or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws.

 

2

 

8.                                      Counterparts.  The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page to this Supplemental Indenture by facsimile, email or other electronic means shall be effective as delivery of a manually executed counterpart of this Supplemental Indenture.

 

9.                                      Headings.  The section headings herein are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

 

[Signature Pages Follow]

 

3

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.

 

	
 
    	
COGENT COMMUNICATIONS   GROUP, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ David Schaeffer
    
	
 
    	
 
    	
Name: David Schaeffer
    
	
 
    	
 
    	
Title:  President and Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
COGENT COMMUNICATIONS   HOLDINGS, INC.
    
	
 
    	
COGENT   COMMUNICATIONS, INC.
    
	
 
    	
COGENT COMMUNICATIONS   OF CALIFORNIA, INC.
    
	
 
    	
COGENT COMMUNICATIONS   OF D.C., INC.
    
	
 
    	
COGENT COMMUNICATIONS   OF FLORIDA, INC.
    
	
 
    	
COGENT COMMUNICATIONS   OF MARYLAND, INC.,
    
	
 
    	
as Guarantors
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ David Schaeffer
    
	
 
    	
 
    	
Name: David Schaeffer
    
	
 
    	
 
    	
Title:  President and Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
COGENT COMMUNICATIONS   GROUP, INC., as sole member of each of
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
COGENT IH, LLC
    
	
 
    	
COGENT WG, LLC,
    
	
 
    	
as Guarantors
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ David Schaeffer
    
	
 
    	
 
    	
Name: David Schaeffer
    
	
 
    	
 
    	
Title:  President and Chief Executive Officer
    

 

[Signature Pages to First Supplemental Indenture]

 

 

	
 
    	
WILMINGTON TRUST, NATIONAL   ASSOCIATION, as Trustee and Collateral Agent
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Joseph P. O’Donnell
    
	
 
    	
 
    	
Name: Joseph P. O’Donnell
    
	
 
    	
 
    	
Title:  Vice President
    

 

[Signature Pages to First Supplemental Indenture]Exhibit 10.1

 

 

 

STOCK PURCHASE AND SALE AGREEMENT

This STOCK PURCHASE AND SALE AGREEMENT ("Stock Agreement") is hereby entered into as of July 27, 2016 by and among Jupiter Gold Corporation ("Jupiter Gold"), a Marshall Islands corporation, Brazil Minerals, Inc., a Nevada, United States of America corporation ("Brazil Minerals"), and Hercules Resources Corporation, a Marshall Islands corporation ("Hercules").

WITNESSETH:

WHEREAS, Hercules is a wholly-owned subsidiary of Brazil Minerals;

WHEREAS, Hercules owns a 99.99% equity interest in Mineração Jupiter Ltda., a Brazilian company ("MJL");

WHEREAS, MJL's only assets as of this Stock Agreement are two mineral claims for manganese in Brazil designated by the Brazilian national mining department numbers 831.642/2016 and 831.665/2016 (the "Two Manganese Claims");

WHEREAS, Hercules desires to transfer its ownership of the 99.99% equity interest in MJL to Brazil Minerals upon the condition that Brazil Minerals immediately then transfers such equity interest to Jupiter Gold;

WHEREAS, Jupiter Gold desires to acquire this 99.99% ownership in MJL from Brazil Minerals, and Brazil Minerals desires to sell it to Jupiter Gold subject to the obligation of Jupiter Gold to transfer the Two Manganese Claims to a designee of Brazil Minerals;

WHEREAS, the directors on the Board of Directors of Hercules have unanimously approved this Stock Agreement; and

WHEREAS, the non-interested directors on the Board of Directors of Jupiter Gold have unanimously approved this Stock Agreement and the interested director has abstained from such vote having disclosed to the other directors his interest in the transaction; and

WHEREAS, the non-interested directors on the Board of Directors of Brazil Minerals unanimously approved this Stock Agreement and the interested director has abstained from such vote having disclosed to the other directors his interest in the transaction.

NOW THEREFORE, for and in consideration of the foregoing and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged:

Exhibit 10.1 -- Page 1

	
1.

	
The foregoing recitals are adopted and incorporated herein by reference.

	
2.

	
Hercules hereby transfers the 99.99% equity interest in MJL to Brazil Minerals and immediately thereafter Brazil Minerals hereby sells to Jupiter Gold and Jupiter Gold hereby purchases from Brazil Minerals, such 99.99% equity interest. Brazil Minerals and Hercules shall cause these transfers to be effected on MJL's books and records as maintained in Brazil with various governmental authorities as soon as practicable. In addition, Brazil Minerals is simultaneously with the execution hereof also paying to Jupiter Gold the sum of $4,000, equal to the par value of the 4,000,000 Jupiter Gold common shares it receives in this transaction as set forth in Section 3.

	
3.

	
In return for the acquisition of the 99.99% equity interest in MJL, and $4,000 in cash, Jupiter Gold shall (a) issue 4,000,000 of its common shares to Brazil Minerals, without any encumbrances and (b) simultaneously herewith enter into a Registration Rights Agreement with Brazil Minerals with respect to such shares in the form attached hereto as Annex I.

	
4.

	
Jupiter Gold will cause MJL to expeditiously transfer the ownership of the Two Manganese Claims to a company to be designated by Brazil Minerals.

	
5.

	
Jupiter Gold agrees that any mineral project in which MJL is involved with, and that accrues any revenues or dividends (in cash, stock, or otherwise), shall be subject to a ten percent (10%) annual royalty stream ("Royalty Stream") due to Brazil Minerals. The Royalty Stream is calculated on the amounts actually received by MJL and/or Jupiter Gold, and shall be paid within thirty (30) days of any such receipt.

	
6.

	
This Stock Agreement may only be amended by a written instrument executed by both Jupiter Gold and Brazil Minerals.

	
7.

	
This Stock Agreement is to be interpreted according to the laws of the Marshall Islands, and any dispute arising from such shall be exclusively brought in the courts in the Marshall Islands, the jurisdiction of which both Jupiter Gold and Brazil Minerals agree.

	
8.

	
This Stock Agreement may be executed in two identical counterparts, each of which for all purposes is deemed an original, and all of which constitute collectively one (1) agreement.

Exhibit 10.1 -- Page 2

IN WITNESS WHEREOF, Jupiter Gold and Brazil Minerals have executed this Stock Agreement as of July 27, 2016.

 

	 	 	 	
JUPITER GOLD CORPORATION

	 	 	 	 
	 	 	 	 
	 	 	 	
By: /s/ Marc Fogassa

	 	 	 	
Name:            Marc Fogassa

	 	 	 	
Title:            CEO

	 	 	 	 
	 	 	 	 
	
Acknowledgment:

	
/s/ Paul Durand

	 	 
	 	
Paul Durand

	 	 
	 	
Secretary

	 	 
	 	
Jupiter Gold Corporation

	 	 	 	 
	 	 	 	 
	 	 	 	
BRAZIL MINERALS, INC.

	 	 	 	 
	 	 	 	 
	 	 	 	
By:  /s/ Marc Fogassa

	 	 	 	
Name: Marc Fogassa

	 	 	 	
Title:            CEO

	 	 	 	 
	
Acknowledgment:

	
/s/ Roger Noriega

	 	 
	 	
Roger Noriega

	 	 
	 	
Director

	 	 
	 	
Brazil Minerals, Inc.

	 	 	 	 
	 	 	 	
HERCULES RESOURCES CORPORATION.

	 	 	 	 
	 	 	 	 
	 	 	 	
By:  /s/ Marc Fogassa

	 	 	 	
Name: Marc Fogassa

	 	 	 	
Title:            CEO

	 	 	 	 
	
Acknowledgment:

	
/s/ Roger Noriega

	 	 
	 	
Roger Noriega

	 	 
	 	
Director

	 	 
	 	
Hercules Resources Corporation

 

 

 

  

 

Exhibit 10.1 -- Page 3

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