Document:

exv4w2

 

Exhibit 4.2

AMENDMENT NO. 1

TO

SECURITY AGREEMENT

by and among

EARLE M. JORGENSEN COMPANY,

EACH DOMESTIC RESTRICTED SUBSIDIARY OF

EARLE M. JORGENSEN COMPANY

And

THE BANK OF NEW YORK TRUST COMPANY, N.A.

(as successor to The Bank of New York), as Trustee

Dated as of October 26, 2006

 

 

AMENDMENT NO. 1 TO SECURITY AGREEMENT

     This AMENDMENT NO. 1 TO SECURITY AGREEMENT (this “Amendment”) dated as of October 26, 2006 by
and among Earle M. Jorgensen, a Delaware corporation (the “Issuer Grantor”), each domestic
Restricted Subsidiary (as defined in the Indenture referred to below) of the Issuer Grantor and The
Bank of New York Trust Company, N.A., a national banking association, as successor trustee (the
“Trustee”) under the Indenture amends certain provisions of the Security Agreement dated as of May
22, 2002 by and among the Issuer Grantor, each domestic Restricted Subsidiary of the Issuer Grantor
and The Bank of New York, as trustee (the “Security Agreement”).

RECITALS

     A. WHEREAS, the Issuer Grantor’s predecessor has heretofore executed and delivered to The Bank
of New York, the Trustee’s predecessor, an Indenture (as amended, supplemented or otherwise
modified, the “Indenture”) dated as of May 22, 2002, providing for the issuance of the Issuer
Grantor’s 93/4% Senior Secured Notes due 2012 (the “Notes”), initially in the
aggregate principal amount of up to $250,000,000.

     B. WHEREAS, pursuant to and in accordance with Section 1002 of the Indenture and Section 7.2
of the Security Agreement, the Issuer Grantor has obtained, on or prior to the date hereof, the
consent of the holders of Notes representing not less than a majority in aggregate principal amount
of the outstanding Notes to the amendments to the Security Agreement set forth in this Amendment.

     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto hereby agree as
follows:

ARTICLE 1

Termination of Security Agreement

     Section 1.01 . At such time as the Issuer Grantor delivers written notice to the Trustee and
Global Bondholder Services Corporation, the Depositary for the Notes for purposes of a tender offer
and consent solicitation for the Notes, that tendered Notes representing at least a majority in
aggregate principal amount of outstanding Notes not owned by the Issuer Grantor or its affiliates
(which were not validly withdrawn) have been accepted for purchase pursuant to the Issuer Grantor’s
Offer to Purchase and Consent Solicitation Statement dated October 12, 2006, the Security Agreement
will terminate in all respects. Upon such termination, the Issuer Grantor will prepare and the
Trustee will, at the Issuer Grantor’s sole expense, execute and deliver to the Issuer Grantor,
documents to evidence the termination of the security interest and the release of any Lien on the

 

 

     Collateral arising under the Security Agreement, including, but not limited to, any
termination or release of any financing statement filed with respect to the Collateral.

ARTICLE 2

Miscellaneous

     Section 2.01 . The Security Agreement, as supplemented by this Amendment, is in all respects
ratified and confirmed, and this Amendment shall be deemed a part of the Security Agreement in the
manner and to the extent herein and therein provided.

     Section 2.02 . THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE
INTERNAL LAWS OF THE STATE OF NEW YORK. THIS AMENDMENT AND THE OTHER NOTE DOCUMENTS CONSTITUTE THE
ENTIRE UNDERSTANDING AMONG THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER HEREOF AND THEREOF
AND SUPERSEDE ANY PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT THERETO.

     Section 2.03 . This Amendment may be executed by the parties hereto in several counterparts,
each of which shall be deemed an original and all of which shall constitute together but one and
the same agreement.

     Section 2.04 . Capitalized terms not otherwise defined in this Amendment shall have the
respective meanings assigned to them in the Security Agreement.

[signature page follows]

3

 

     IN WITNESS WHEREOF, this Amendment has been duly executed as of the date first-above written.

	 	 	 	 	 
	 	EARLE M. JORGENSEN COMPANY

 	 
	 	By:  	
 	 
	 	Name:  	Karla Lewis 	 
	 	Title:  	Vice President and
Assistant Secretary 	 
	 
	 	THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:exv4w3

 

Exhibit 4.3

AMENDMENT NO. 1

TO

INTERCREDITOR AGREEMENT

by and among

EARLE M. JORGENSEN COMPANY,

RSAC MANAGEMENT CORP.

And

THE BANK OF NEW YORK TRUST COMPANY, N.A.

(as successor to The Bank of New York), as Trustee

Dated as of October 26, 2006

 

 

AMENDMENT NO. 1 TO INTERCREDITOR AGREEMENT

     This AMENDMENT NO. 1 TO INTERCREDITOR AGREEMENT (this “Amendment”) dated as of October 26,
2006 by and among Earle M. Jorgensen, a Delaware corporation (the “Company”), The Bank of New York
Trust Company, N.A., a national banking association, as successor trustee (the “Trustee”) under the
Indenture referred to below and RSAC Management Corp. (“Management”), in its capacity as Revolver
Agent for itself and Reliance Steel & Aluminum Co. (“Reliance”), amends certain provisions of the
Intercreditor Agreement dated as of May 22, 2002 by and among the Company, the Bank of New York, as
trustee, and the Deutsche Bank Trust Company Americas (“DBTC”), in its capacity as agent for itself
and any other Revolver Lender (the “Intercreditor Agreement”).

RECITALS

     A. WHEREAS, the Company’s predecessor has heretofore executed and delivered to The Bank of New
York, the Trustee’s predecessor, an Indenture (as amended, supplemented or otherwise modified, the
“Indenture”) dated as of May 22, 2002, providing for the issuance of the Company’s
93/4% Senior Secured Notes due 2012 (the “Notes”), initially in the aggregate
principal amount of up to $250,000,000.

     B. WHEREAS, DBTC, Reliance and Management entered into an Assignment and Assumption Agreement
dated April 3, 2006 under which DBTC irrevocably assigned to Management all of DBTC’s rights and
delegated to Management all of DBTC’s obligations under the Intercreditor Agreement and Management
accepted all of DBTC’s rights and assumed all of DBTC’s obligations under the Intercreditor
Agreement.

     C. WHEREAS, pursuant to and in accordance with Section 1002 of the Indenture, the Company has
obtained, on or prior to the date hereof, the consent of the holders of the Notes representing not
less than a majority in aggregate principal amount of the outstanding Notes to the amendments to
the Intercreditor Agreement set forth in this Amendment.

     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto hereby agree as
follows:

ARTICLE 1

Termination of Intercreditor Agreement

     Section 1.01 . At such time as the Company delivers written notice to the Trustee and Global
Bondholder Services Corporation, the Depositary for the Notes for purposes of a tender offer and
consent solicitation for the Notes, that

 

 

tendered Notes representing at least a majority in aggregate principal amount of outstanding
Notes not owned by the Company or its affiliates (which were not validly withdrawn) have been
accepted for purchase pursuant to the Company’s Offer to Purchase and Consent Solicitation
Statement dated October 12, 2006, the Intercreditor Agreement will terminate in all respects. Upon
such termination, Management, as Revolver Agent, and Trustee, solely at the expense of the Company,
shall release to the Company any Collateral then in their respective possession and terminate any
agreements or financing statements pertaining to such Collateral. Any required documentation for
the release of any Collateral and the termination of any agreements or financial statements
pertaining to such Collateral will be prepared by the Company.

ARTICLE 2

Miscellaneous

     Section 2.01 . The Intercreditor Agreement, as supplemented by this Amendment, is in all
respects ratified and confirmed, and this Amendment shall be deemed a part of the Intercreditor
Agreement in the manner and to the extent herein and therein provided.

     Section 2.02 . THIS AMENDMENT SHALL BE INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE.

     Section 2.03 . This Amendment may be executed in any number of counterparts, all of which,
taken together, shall constitute one and the same instrument, and either of the parties hereto may
execute this Amendment by signing any such counterpart.

     Section 2.04 . Capitalized terms not otherwise defined in this Amendment shall have the
respective meanings assigned to them in the Intercreditor Agreement.

[signature page follows]

3

 

     IN WITNESS WHEREOF, this Amendment has been duly executed as of the date first-above written.

	 	 	 	 	 
	 	RSAC MANAGEMENT CORP., as Revolver Agent

 	 
	 	By:  	
 	 
	 	Name:  	Karla Lewis 	 
	 	Title:  	Executive Vice President and
Chief Financial Officer 	 
	 
	 	THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 
	 	EARLE M. JORGENSEN COMPANY

 	 
	 	By:  	 	 
	 	Name:  	Karla Lewis 	 
	 	Title:  	Vice President and
Assistant Secretaryexv4w1

 

	 	 	 
	 	[GREEN CERTIFICATE BORDER]	EXHIBIT 4.1

	 	 	 
	COMMON STOCK

	 	COMMON STOCK

	 	 	 	 	 
	INCORPORATED UNDER THE	 	LAWS OF THE STATE OF NEVADA
	 	SEE REVERSE SIDE
FOR LEGEND
	CENTEX CORPORATION	 	 
	THIS CERTIFICATE IS
TRANSFERABLE IN THE CITY OF NEW YORK, NEW YORK, OR IN JERSEY CITY, NEW JERSEY	 	CUSIP 152312 10 4

SEE REVERSE FOR CERTAIN DEFINITIONS

THIS IS TO CERTIFY THAT

Centex Corporation (hereinafter called the Corporation), transferable upon the books of the Corporation by

the holder hereof in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.

Witness the seal of the Corporation and the signatures of its duly authorized officers.

IS THE OWNER OF

FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK OF

AUTHORIZED SIGNATURE

[SEAL]

	 	 	 	 	 
	DATED:
	 	 	 	 
	 
	 	 	 	 
	/s/
JAMES R. PEACOCK III

	 	[CENTEX LOGO]
	 	/s/ TIMOTHY R. ELLER
	

	 	 	 	

	SECRETARY

	 	 	 	     CHAIRMAN OF THE BOARD

     CHIEF EXECUTIVE OFFICER

	 	 	 	 
	 	
COUNTERSIGNED AND REGISTERED:

	 	 	MELLON INVESTOR SERVICES LLC

	 	BY	 	TRANSFER AGENT AND REGISTRAR

 

CENTEX CORPORATION

KEY TO ABBREVIATIONS

     The following abbreviations shall be construed as though the words set forth
below opposite each abbreviation were written out
in full where such abbreviation appears:

	 	 	 	 	 	 	 	 	 	 	 
	TEN COM

	 	—
	 	as tenants in common
	 	(Name) GUST (Name) UNIF
	 	—
	 	(Name) as Custodian for (Name)
	TEN ENT

	 	—
	 	as tenants by the entireties
	 	GIFT MIN ACT (State)
	 	 	 	under the (State) Uniform
	JT TEN

	 	—
	 	as joint tenants with right of
survivorship and not as
tenants in common	 	 	 	 	 	Gifts to Minors Act

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

     THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO
SO REQUESTS THE DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING,
OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR SERIES THEREOF
OF THE CORPORATION, AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF
SUCH PREFERENCES AND/OR RIGHTS. SUCH REQUEST MAY BE MADE TO THE
CORPORATION IN DALLAS, TEXAS OR TO THE TRANSFER AGENT.

     For value received, __________________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER

   IDENTIFYING NUMBER OF ASSIGNEE

___________________________________________________________________________________________________________

___________________________________________________________________________________________________________

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE

___________________________________________________________________________________________________________

___________________________________________________________________________________________________________

_____________________________________________________________________________________________________Shares

represented by the within Certificate, and do hereby irrevocably constitute and appoint

___________________________________________________________________________________________________________

Attorney to transfer the said shares on the books of the within-named
Corporation with full power of substitution in the premises.

Dated ________________

	 	 	 	 	 	 	 
	

	 	 	 	 	 	X
	

	 	NOTICE:	 	 	 	
(SIGNATURE)

	

	 	THE SIGNATURE(S) TO
THIS ASSIGNMENT
MUST CORRESPOND
WITH THE NAME(S) AS
WRITTEN UPON THE
FACE OF THE
CERTIFICATE IN
EVERY PARTICULAR
WITHOUT
ALTERATION OR
ENLARGEMENT OR ANY
CHANGE WHATEVER.	 	 	 	 
	

	 	 	 	 	 	X
	 
	 	 	 	 	 	
(SIGNATURE)

	

	 	 	 	 	 	 
	

	 	 	 	 	 	THE SIGNATURE(S) SHOULD BE GUARANTEED
BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS,
SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM), PURSUANT TO
S.E.C. RULE 17Ad-15.
	

	 	 	 	 	 	 
	

	 	 	 	 	 	SIGNATURE(S) GUARANTEED BY:

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