Document:

Exhibit 10.3

 

 

 

NEXEO SOLUTIONS, LLC and
 NEXEO SOLUTIONS FINANCE CORPORATION,
 as the Issuers,

 

the GUARANTORS named herein,
 as Guarantors,

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Trustee

 

 

SECOND SUPPLEMENTAL INDENTURE

 

 

Dated as of August 7, 2013

 

 

8.375% Senior Subordinated Notes due 2018

 

 

 

 

SECOND SUPPLEMENTAL INDENTURE, dated as of August 7, 2013 (this “Second Supplemental Indenture”), by and among Nexeo Solutions, LLC, a Delaware limited liability company (the “Issuer”), Nexeo Solutions Finance Corporation, a Delaware corporation (the “Co-Issuer” and, together with the Issuer, the “Issuers”), the Guarantors listed on the signature pages hereto (the “Guarantors”), and Wells Fargo Bank, National Association, a national banking association, as trustee (the “Trustee”) under the Indenture referred to below.

 

WHEREAS, each of the Issuers have heretofore executed and delivered to the Trustee a Senior Subordinated Notes Indenture, dated as of March 9, 2011 (as supplemented by the Supplemental Indenture, dated as of March 31, 2011 (the “First Supplemental Indenture”), among the Issuers, the Guarantors, and the Trustee, collectively, the “Indenture”), providing for the issuance of an unlimited aggregate principal amount of 8.375% Senior Subordinated Notes due 2018;

 

WHEREAS, Section 9.01(e) of the Indenture provides, among other things, that the Issuers, the Guarantors and the Trustee may amend or supplement the Indenture without the consent of any Holder;

 

WHEREAS, the Issuers, the Guarantors and the Trustee wish to enter into this Second Supplemental Indenture to do the same; and

 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Second Supplemental Indenture.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

 

(1)           Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

(2)           Reference to and Effect on Indenture.  Upon the date hereof, (i) the Indenture shall be amended in accordance herewith, (ii) this Second Supplemental Indenture shall form a part of the Indenture for all purposes, (iii) the parties hereto and each Holder shall be bound by the Indenture as so amended and (iv) each reference in the Indenture to “this Indenture,” “hereunder,” “hereof,” or “herein” shall mean and be a reference to the Indenture as supplemented and amended by this Second Supplemental Indenture, unless the context requires otherwise.

 

(3)           Amendments to Section 5.01(c) of the Indenture.  Section 5.01(c) of the Indenture is hereby amended by inserting the following parenthetical immediately following the phrase “Successor Holdings” appearing in each of Section 5.01(c)(ii) and in the first sentence immediately following Section 5.01(c)(v): “(other than if the Successor Holdings is the Issuer or a Subsidiary Guarantor)”.

 

(4)           Amendments to Section 4(a) of the First Supplemental Indenture.  Section 4(a) of the First Supplemental Indenture is hereby amended by inserting the following parenthetical immediately following the phrase “Successor Person” appearing in each of Section 4(a)(ii) and Section 4(b): “(other than if the Successor Person is the Issuer or a Subsidiary Guarantor)”.

 

(5)           Amendment and Supplement.  This Second Supplemental Indenture may be amended or supplemented as provided for in the Indenture.

 

1

 

(6)           Governing Law.  THIS SECOND SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

(7)           Counterparts.  The parties may sign any number of copies of this Second Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.  This Second Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument.  The exchange of copies of this Second Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Second Supplemental Indenture as to the parties hereto and may be used in lieu of the original Second Supplemental Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 

(8)           Effect of Headings.  The Section headings herein are for convenience only and shall not affect the construction hereof.

 

(9)           The Trustee.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuers and the Guarantors.

 

[Signature pages follow.]

 

2

 

SIGNATURES

 

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

 

 

	
 
    	
ISSUERS:
    
	
 
    	
 
    
	
 
    	
NEXEO   SOLUTIONS, LLC, as Issuer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ross Crane
    
	
 
    	
Name:
    	
Ross   Crane
    
	
 
    	
Title:
    	
Executive   Vice President, Chief Financial Officer and Assistant Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
NEXEO   SOLUTIONS FINANCE CORPORATION, as Co-Issuer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ross Crane
    
	
 
    	
Name:
    	
Ross   Crane
    
	
 
    	
Title:
    	
Executive   Vice President, Chief Financial Officer and Treasurer
    

 

	
 
    	
GUARANTORS:
    
	
 
    	
 
    	
 
    
	
 
    	
NEXEO   SOLUTIONS HOLDINGS, LLC, as a Guarantor
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ross Crane
    
	
 
    	
Name:
    	
Ross   Crane
    
	
 
    	
Title:
    	
Executive   Vice President, Chief Financial Officer and Assistant Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
NEXEO   SOLUTIONS SUB HOLDING CORP., as a Guarantor
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ross Crane
    
	
 
    	
Name:
    	
Ross   Crane
    
	
 
    	
Title:
    	
Executive   Vice President, Chief Financial Officer and Treasurer
    

 

[Signature page to Second Supplemental Indenture]

 

 

	
 
    	
TRUSTEE:
    
	
 
    	
 
    	
 
    
	
 
    	
WELLS   FARGO BANK, NATIONAL ASSOCIATION, as Trustee
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Raymond Delli Colli
    
	
 
    	
Name:
    	
Raymond   Delli Colli
    
	
 
    	
Title:
    	
Vice   President
    

 

[Signature page to Second Supplemental Indenture]Exhibit 10.1

		

			EXECUTION VERSION

		

		
			AMENDMENT NO. 1
		

		
			TO CREDIT AGREEMENT
		

		
			 
		

		
			Amendment No. 1, dated as of June 12, 2013, to the Credit Agreement (as amended from time to time, the “Credit Agreement”), dated as of September 19, 2011, by and among The NASDAQ OMX GROUP,  INC. as borrower (the “Borrower”), BANK OF AMERICA, N.A. as Administrative Agent, Swingline Lender and Issuing Bank, and the Lenders party thereto. Capitalized terms not otherwise defined herein having the definitions provided therefor in the Credit Agreement.
		

		
			 
		

		
			WHEREAS, Section 9.02 of the Credit Agreement provides that the Credit Agreement may be amended by the Borrower and the Required Lenders; and
		

		
			 
		

		
			WHEREAS, the Borrower and the Required Lenders have agreed to amend certain provisions of the Credit Agreement as more fully set forth below;
		

		
			 
		

		
			NOW, THEREFORE, it is hereby agreed as follows:
		

		
			 
		

		
			SECTION 1.    Amendments. The Credit Agreement is hereby amended as follows:
		

		
			 
		

		
			1.1    Subsection 2.04(a) of the Credit Agreement is hereby amended by (i) deleting the phrase “may, in its sole discretion,” and replacing it with the word “shall” and (ii) deleting the number “$50,000,000” and replacing it with the number “$200,000,000”;
		

		
			 
		

		
			1.2    Subsection 2.04(b) of the Credit Agreement is hereby amended by inserting the phrase: “(or, if the applicable Swingline Loan Notice was received by the Swingline Lender and the Administrative Agent not later than 8:00 a.m. on the requested borrowing date, and the funds are to be deposited to a designated account at Bank of America, no later than 9:45 a.m.)” immediately after the reference to “3:00 p.m.”.
		

		
			 
		

		
			SECTION 2.    Conditions to Effectiveness.  This Amendment shall become effective as of the of the date that each of the following conditions have been satisfied:
		

		
			 
		

		
			2.1    The Administrative Agent shall have received signed counterparts to this Agreement from the Borrower, the Swing Line Lender and Lenders constituting the Required Lenders; and
		

		
			 
		

		
			2.2    The Borrower shall have paid, in each case to the extent invoiced prior to the effective date of this Amendment, all amounts owing to the Administrative Agent in connection with this Amendment (including, without limitation, the reasonable fees and disbursements of Cahill Gordon & Reindel LLP, counsel for the Administrative Agent with respect thereto).
		

		
			 
		

		
			SECTION 3.    Representations and Warranties. The Borrower hereby represents and warrants to the Administrative Agent and the Lenders as follows:
		

		
			 
		

		
			3.1    The Borrower has the corporate or other power and authority to execute, deliver and carry out the terms and provisions of this Amendment and the Borrower has taken all necessary corporate action or other action to authorize or ratify the execution, delivery and performance of this Amendment; the Borrower has duly executed and delivered this 
		

		 

		

			 

		

 

		

			 

		

		Amendment and this Amendment constitutes the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity.
		

		
			 
		

		
			3.2    Each of the representations and warranties in the Credit Agreement and each other Loan Document are true and correct in all material respects (except to the extent that any representation and warranty expressly relates to an earlier date, in which case such representation and warranty was true and correct in all material respects as of such earlier date) and (b) both before and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.
		

		
			 
		

		
			SECTION 4    No Other Amendments.  Except as hereby amended, the terms and provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect.  Except as expressly waived hereby, the provisions of the Credit Agreement and each other Loan Document are and shall remain in full force and effect.  Nothing herein shall be deemed to entitle the parties hereto to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.
		

		
			 
		

		
			SECTION 5.    GOVERNING LAW.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
		

		
			 
		

		
			SECTION 6.    Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same contract.  Delivery of an executed counterpart of this Amendment by facsimile or other electronic means shall be equally effective as delivery of the original executed counterpart of this Amendment.  Any party delivering an executed counterpart of this Amendment by facsimile or other electronic means shall also deliver an original executed counterpart of this Amendment but the failure to deliver an original executed counterpart shall not affect the validity, enforceability or binding effect of this Amendment.
		

		
			 
		

		
			SECTION 7.    Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

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