Document:

a50099727ex10_12.htm

EXHIBIT 10.12

EXECUTIVE SEVERANCE AGREEMENT

 

THIS EXECUTIVE SEVERANCE AGREEMENT (this “Agreement”) is made as of December 5, 2011 (“Effective Date”), by and between Conn’s, Inc., a Delaware corporation with its principle offices at 3295 College Street, Beaumont, Texas 77701 (“Conn’s”), and Theodore M. Wright, an individual (the “Executive”).

 

WHEREAS, Executive has been previously employed by Conn’s as its Interim Chief Executive Officer and President, and as such had entered with Conn’s an Executive Severance Agreement (“Previous Agreement”);

 

WHEREAS, Executive is now permanently employed by Conn’s as its Chief Executive Officer and President as of the Effective Date;

 

WHEREAS, Conn’s and the Executive desire to replace the Previous Agreement as of the date hereof with this Agreement, and to provide the Executive certain benefits in the event of a termination of Executive’s employment, subject to the terms and conditions set forth herein from and after the Effective Date.

 

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

 

1.           Term of Agreement.  This Agreement will commence on the Effective Date and will continue in effect for one (1) year, and shall automatically renew for successive one (1) year periods unless terminated by Conn’s at the expiration of the term (or automatically succeeding term) upon prior written notice to Executive.

 

2.           At-Will Employment.  Conn’s and Executive acknowledge that the Executive’s employment is and will continue to be at-will, as defined under applicable law.

 

3.           Severance Benefits Under this Agreement.

 

(a)           Termination of Employment for Any Reason.  The following payments will be paid to Executive upon Executive’s termination of employment for any reason:

 

(i)           Earned but unpaid Base Salary through the date of termination;

 

(ii)           Any annual incentive plan bonus, or other form of incentive compensation, for which the performance measurement period has ended, but which is unpaid at the time of termination;

 

(iii)           Any accrued but unpaid vacation and unused sick days;

 

(iv)           Unreimbursed business expenses incurred by the Executive on behalf of Conn’s.

 

 

 

  

  

  

 

 

(b)           Termination Without Cause, or Voluntary Termination by the Executive for Good Reason not in Connection with a Change of Control.  Except as otherwise provided in Section 3(c), if (x) Conn’s terminates Executive’s employment other than for Cause or as a result of Executive’s death or Disability, or (y) Executive voluntarily terminates his employment for Good Reason, Conn will pay Executive the following amounts and provide the following benefits:

 

(i)           Executive shall continue to receive his Base Salary for the eighteen (18) month period (the “Severance Period”) following such termination, payable in accordance with Conn’s normal payroll practices.

 

(ii)           During the Severance Period, Executive shall receive continued coverage under the Conn’s medical, dental, life, disability, and other employee welfare benefit plans in which senior executives of Conn’s are eligible to participate, to the extent Executive is eligible under the terms of such plans immediately prior to Executive’s termination.  For purposes of clarity, during the term of this Agreement Conn’s shall provide Executive coverage under a major medical plan.  Conn’s obligation to provide the foregoing benefits shall terminate upon Executive’s becoming eligible for comparable employee welfare benefits under a plan or arrangement provided by a new employer.  Executive agrees to promptly notify Conn’s of any such employment and the material terms of any employee welfare benefits offered to Executive in connection with such employment.

 

(iii)           All awards held by Executive under the Conn’s Amended and Restated 2003 Incentive Stock Option Plan and/or the Conn’s 2011 Omnibus Incentive Plan shall continue to vest and, if applicable, be exercisable, during the Severance Period as if Executive had remained an employee of Conn’s.

 

(c)           Termination in Connection with a Change of Control.  If during the two (2) year period that begins on the date that is one (1) year prior to a Change of Control and ends on that date which is one (1) year following a Change of Control, Conn’s (or its successor) terminates Executive’s employment other than for Cause or as a result of Executive’s death or Disability, or Executive voluntarily terminates his employment for Good Reason, Conn’s will pay the following amounts and provide the following benefits:

 

(i)           A lump-sum cash payment in an amount equal to three (3) times the Executive’s Base Salary, payable not later than ten (10) days following (A) Executive’s termination (if Executive’s employment terminates on or after the date of the Change of Control), or (B) the date of the Change of Control (if Executive’s employment terminates during the one-year period prior to the date of the Change of Control).  Notwithstanding the provisions of Section 3(c)(i)(B), the amount payable to Executive under this Section 3(c)(i) shall be reduced by the payments, if any, received by Executive pursuant to Section 3(b)(i).

 

(ii)           During the eighteen (18) month period following such termination (the “Change of Control Severance Period”), Executive shall receive continued coverage under the Conn’s medical, dental, life, disability, and other employee welfare benefit plans in which senior executives of Conn’s are eligible to participate, to the extent Executive is eligible under the terms of such plans immediately prior to Executive’s termination.  For purposes of clarity, during the term of this Agreement Conn’s shall provide Executive coverage under a major medical plan.  Conn’s obligation to provide the foregoing benefits shall terminate upon Executive’s becoming eligible for comparable employee welfare benefits under a plan or arrangement provided by a new employer.  Executive agrees to promptly notify Conn’s of any such employment and the material terms of any employee welfare benefits offered to Executive in connection with such employment.

 

 

 

  

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(iii)           All awards held by Executive under the Conn’s Amended and Restated 2003 Incentive Stock Option Plan and/or the Conn’s 2011 Omnibus Incentive Plan shall immediately vest and, if applicable, continue to be exercisable during the Change of Control Severance Period as if Executive had remained an employee of Conn’s.

 

The terms of this Section 3(c) are continuing in nature and shall survive until the one (1) year anniversary of the earlier of Executive’s termination of employment or termination of this Agreement.

 

4.           Attorneys’ Fees, Costs and Expenses.  Conn’s will reimburse Executive for the reasonable attorney fees, costs and expenses incurred by the Executive in connection with any claim made or action brought by Executive to enforce his rights hereunder, provided such action is not decided in favor of Conn’s.

 

5.           Limitation on Payments.  In the event that the benefits provided for under Section 3(c) of this Agreement (a) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (b) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then the Executive’s benefits under Section 3(c) will be reduced (not below zero) to the amount which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code.  Any taxes due under Section 4999 of the Code will be the sole responsibility of the Executive.

 

6.           Certain Definitions.  For purposes of this Agreement, the following terms shall have the following meanings:

 

(a)   “Affiliate” shall mean, with respect to a person, any other person controlling, controlled by or under common control with the first person.

 

(b)   “Base Salary” shall mean Executive’s annual base salary, as approved by the Compensation Committee of the Board, and effective as of the date immediately prior to the Executive’s termination of employment.

 

(c)   “Board” shall mean the Board of Directors of Conn’s.

 

(d)   “Cause” shall mean (i) behavior of Executive which is adverse to Conn’s interests, (ii) Executive’s dishonesty, criminal charge or conviction, grossly negligent misconduct, willful misconduct, acts of bad faith, neglect of duty or (iii) material breach of this Agreement.

 

 

  

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(e)   “Change of Control” means the occurrence of any of the following events:

 

(i)     Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Act”)) becomes the “beneficial owner” (as defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing thirty-five percent (35%) or more of the total voting power represented by the Company’s then outstanding voting securities.  Notwithstanding the immediately preceding sentence, any affiliation between Conn’s Voting Trust and SG-1890, LLC shall be disregarded for purposes of this Section 6(e)(i);

 

(ii)            A change in the composition of the Board occurring within a twelve-month period, as a result of which fewer than a majority of the directors are Incumbent Directors. “Incumbent Directors” will mean directors who either (A) are directors of Conn’s as of the effective date of this Agreement, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but will not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to Conn’s);

 

(iii)           The consummation of a merger or consolidation of Conn’s with any other entity or corporation, other than a merger or consolidation that would result in the voting securities of Conn’s outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or such surviving entity’s parent) at least fifty percent (50%) of the total voting power represented by the voting securities of Conn’s or such surviving entity or such surviving entity’s parent outstanding immediately after such merger or consolidation; or

 

(iv)           The sale, lease, exchange or other transfer, directly or indirectly, of (A) all or substantially all of the assets of Conn’s (in one transaction or in a series of related transactions), or (B) one of the significant operating divisions of Conn’s, including the Retail and Credit Divisions.

 

(f)   “Confidential Information” shall mean information:  (i) disclosed to or known by the Executive as a consequence of or through his employment with Conn’s, (ii) not generally known outside Conn’s and (iii) which relates to any aspect of Conn’s or its business, research, or development.  “Confidential Information” includes, but is not limited to Conn’s trade secrets, proprietary information, business plans, marketing plans, methodologies, computer code and programs, formulas, processes, compilations of information, results of research, proposals, reports, records, financial information, compensation and benefit information, cost and pricing information, customer lists and contact information, supplier lists and contact information, vendor lists and contact information, and information provided to Conn’s by a third party under restrictions against disclosure or use by Conn’s or others; provided, however, that the term “Confidential Information” does not include information that (a) at the time it was received by Executive was generally available to the public, (b) prior to its use by Executive, becomes generally available to the public through no act or failure of Executive, (c) is received by Executive from a person or entity other than Conn’s or an Affiliate of Conn’s who is not under an obligation of confidence with respect to such information or (d) was generally known by Executive by virtue of his experience and know-how gained prior to employment with Conn’s.

 

 

  

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(g)    “Control” and correlative terms shall mean the power, whether by contract, equity ownership or otherwise, to direct the policies or management of a person.

 

(h)   “Copyright Works” shall mean materials for which copyright protection may be obtained including, but not limited to literary works (including all written material), computer programs, artistic and graphic works (including designs, graphs, drawings, blueprints, and other works), recordings, models, photographs, slides, motion pictures, and audio-visual works, regardless of the form or manner in which documented or recorded.

 

(i)    “Disability” shall mean Executive’s permanent disability (A) as determined in accordance with the disability insurance that Conn’s may then have in effect, if any, or (B) if no such insurance is in effect, shall mean that Executive is subject to a medical determination that he, because of a medically determinable disease, injury, or other mental or physical disability, is unable to perform substantially all of his then regular duties, and that such disability is determined or reasonably expected to last at least twelve (12) months, based on then-available medical information.

 

(j)   “Good Reason” shall mean, (A) without Executive’s express written consent, the material diminution of the Executive’s title, duties, authority or responsibilities, relative to Executive’s duties, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Executive of such reduced duties, authority or responsibilities, (B) without Executive’s express written consent, a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Executive immediately prior to such reduction, (C) a material reduction of Executive’s Base Salary or annual bonus opportunity, each as in effect as of the Effective Date, (D) a material reduction in the kind or level of employee benefits, including additional bonus opportunities, to which the Executive was entitled immediately prior to such reduction with the result that the Executive’s overall benefits package is significantly reduced, (F) for purposes of Section 3(c) only, the failure of Conn’s to obtain the assumption of this Agreement by any successors contemplated in Section 9 below, or (G) for purposes of Section 3(c) only, the transfer of Executive’s principal place of employment to a location that is more than one-hundred (100) miles from Executive’s principal place of employment immediately prior to the Change of Control, or (H) any act or set of facts or circumstances that would, under case law or statute, constitute a constructive termination of Executive, provided, in each case, that  Executive terminates employment within sixty (60) days of the occurrence of such circumstances.

 

 

  

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(k)   “Person” shall mean an individual, partnership, corporation, limited liability company, trust or unincorporated organization, or a government or agency or political subdivision thereof.

 

(l)   “Work Product” shall mean all methods, analyses, reports, plans, computer files and all similar or related information which (i) relate to Conn’s or any of its Affiliates and (ii) are conceived, developed or made by Executive in the course of his employment by Conn’s.

 

7.           Non-Disclosure, Non-Competition and Non-Solicitation.  Executive and Conn’s acknowledge and agree that during and solely as a result of his employment by Conn’s, Conn’s has provided and will continue to provide Confidential Information and special training to Executive in order to allow Executive to fulfill his obligations as an executive of a publicly-held company and under this Agreement.  In consideration of the special and unique opportunities afforded to Executive by Conn’s as a result of Executive’s employment, as outlined in the previous sentence, Executive hereby agrees as follows:

 

(a)   Executive agrees that Executive will not, except as Conn’s may otherwise consent or direct in writing, reveal or disclose, sell, use, lecture upon, publish or otherwise disclose to any third party any Confidential Information of Conn’s or any of its Affiliates, or authorize anyone else to do these things at any time either during or subsequent to Executive’s employment with Conn’s.  This Section 7(a) shall continue in full force and effect after termination of Executive’s employment for any reason.  Executive’s obligations under this Section 7(a) with respect to any specific Confidential Information shall cease only when that specific portion of the Confidential Information becomes publicly known, other than as a result of disclosure by Executive, in its entirety and without combining portions of such information obtained separately.  It is understood that such Confidential Information of Conn’s and any of its Affiliates includes matters that Executive conceives or develops, as well as matters Executive learns from other executives of Conn’s and any of its Affiliates.

 

(b)    Executive agrees that for the duration of this Agreement, and for a period of eighteen (18) months following Executive’s termination of employment for any reason other than in connection with a Change of Control (as described in Section 3(c)), Executive shall not (other than for the benefit of Conn’s or any of its Affiliates pursuant to this Agreement) compete with Conn’s or any of its Affiliates by engaging in the conception, design, development, production, marketing, or servicing of any product or service that is substantially similar to the products or services which Conn’s or any of its Affiliates provides, and that he will not work for, assist, loan money, extend credit or become affiliated with as an individual, owner, partner, director, officer, stockholder, employee, advisor, independent contractor, joint venturer, consultant, agent, representative, salesman or any other capacity, either directly or indirectly, any individual or business which offers or performs services, or offers or provides products substantially similar to the services and products provided by Conn’s or any of its Affiliates.  The restrictions of this Section 7(b) shall not be violated by the ownership of no more than 1% of the outstanding securities of any company whose equity securities are traded on a national securities exchange, including the NASDAQ Global Select Market.

 

 

  

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(c)   Executive agrees that for the duration of this Agreement, and for a period of eighteen (18) months following Executive’s termination of employment for any reason, Executive shall not either directly or indirectly, on his behalf or on behalf of others, solicit, attempt to hire, or hire any person employed by Conn’s and any of its Affiliates to work for Executive or for another entity, firm, corporation, or individual.

 

(d)   Executive acknowledges that Conn’s has taken reasonable steps to maintain the confidentiality of its Confidential Information and the ownership of its Work Product and Copyright Works, which is extremely valuable to Conn’s and provides Conn’s with a competitive advantage in its market. Executive further acknowledges that Conn’s would suffer irreparable harm if Executive were to use or enable others to use such knowledge, information, and business acumen in competition with Conn’s. Executive acknowledges the necessity of the restrictive covenants set forth herein to: protect Conn’s legitimate interests in Conn’s Confidential Information; protect Conn’s customer relations and the goodwill with customers and suppliers that Conn’s has established at its substantial investment; and protect Conn’s as a result of providing Executive with specialized knowledge, training, and insight regarding Conn’s operations as a publicly-held company.  Executive further agrees and acknowledges that these restrictive covenants are reasonably limited as to time, geographic area, and scope of activities to be restricted and that such promises do not impose a greater restraint on Executive than is necessary to protect the goodwill, Confidential Information and other legitimate business interests of Conn’s.  Executive agrees that any breach of this Section 7 cannot be remedied solely by money damages, and that in addition to any other remedies Conn’s may have, Conn’s is entitled to obtain injunctive relief against Executive without the requirement of posting bond or other security.  Nothing herein, however, shall be construed as limiting Conn’s right to pursue any other available remedy at law or in equity, including recovery of damages and termination of this Agreement.

 

(e)   Executive acknowledges that all writings, records, and other documents and things comprising, containing, describing, discussing, explaining, or evidencing any Confidential Information, Work Product, and/or Copyright Works of Conn’s, any Affiliate of Conn’s, or any third party with which Conn’s has a confidential relationship, is the property of Conn’s or such Affiliate.  All property belonging to Conn’s in Executive’s custody or possession that has been obtained or prepared in the course of Executive’s employment with Conn’s shall be the exclusive property of Conn’s, shall not be copied and/or removed from the premises of Conn’s, except in pursuit of the business of Conn’s, and shall be delivered to Conn’s, along with all copies or reproductions of same, upon notification of the termination of Executive’s employment or at any other time requested by Conn’s.  Conn’s shall have the right to retain, access, and inspect all property of any kind in Executive’s office, work area, and on the premises of Conn’s upon termination of Executive’s employment and at any time during Executive’s employment, to ensure compliance with the terms of this Agreement.

 

The terms of this Section 7 are continuing in nature and shall survive the termination or expiration of this Agreement.

 

 

  

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8.           Notices.  All notices and other communications under this Agreement shall be in writing and shall be delivered personally or by facsimile or electronic delivery, given by hand delivery to the other party, sent by overnight courier or sent by registered or certified mail, return receipt requested, postage prepaid, to:

 

	
If to Executive:

	
Theodore M Wright

	 	 
	 	 
	 	 

 

 

	 If to Conn’s:  	Conn’s, Inc.
	 	3295 College Street
	 	Beaumont, Texas  77701
	 	Attn:  Office of the General Counsel
	 	Fax No: (409) 212-9521

 

 

9.           Assignment.  Conn’s shall require any successors (whether direct or indirect, by purchase, merger, consolidation or otherwise) to a controlling interest in the business, assets or equity of Conn’s (or, if applicable, a material division of Conn’s, including the Retail or Credit division) to assume and agree to perform this Agreement in the same manner and to the same extent that Conn’s would be required to perform if no such succession had taken place.  This Agreement is a personal employment contract and the rights, obligations and interests of Executive under this Agreement may not be sold, assigned, transferred, pledged or hypothecated by Executive.

 

10.           Binding Agreement.  Executive understands that his obligations under this Agreement are binding upon Executive’s heirs, successors, personal representatives and legal representatives.

 

11.           Arbitration.  Except for any controversy or claim relating to Section 7 of this Agreement, any controversy or claim arising out of or relating to this Agreement or the breach of any provision of this Agreement, including the arbitrability of any controversy or claim, shall be settled by arbitration administered by the American Arbitration Association (“AAA”) under its National Rules for the Resolution of Employment Disputes and the Optional Rules for Emergency Measures of Protection of the AAA, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.  Any provisional remedy which would be available from a court of law, shall be available from the arbitrator to the parties to this Agreement pending arbitration. Arbitration of disputes is mandatory and in lieu of any and all civil causes of action and lawsuits either party may have against the other arising out of Executive’s employment with Conn’s. Civil discovery shall be permitted for the production of documents and taking of depositions.  The arbitrator(s) shall be guided by the Texas Rules of Civil Procedure in allowing discovery and all issues regarding compliance with discovery requests shall be decided by the arbitrator(s).  The Federal Arbitration Act shall govern this Section 11.  This Agreement shall in all other respects be governed and interpreted by the laws of the State of Texas, excluding any conflicts or choice of law rule or principles that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction.  The arbitration shall be conducted in the city of Conn’s corporate offices by one neutral arbitrator chosen by AAA according to its National Rules for the Resolution of Employment Disputes if the amount of the claim is one million dollars ($1,000,000.00) or less and by three neutral arbitrators chosen by AAA in the same manner if the amount of the claim is more than one million dollars ($1,000,000.00).  Neither party nor the arbitrator(s) may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of both parties unless compelled to do so either by judicial process or in order to enforce an arbitration award rendered pursuant to this Section 11.  All fees and expenses of the arbitration shall be borne by the parties equally.

 

 

  

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12.           Waiver.  No waiver by either party to this Agreement of any right to enforce any term or condition of this Agreement, or of any breach of this Agreement, shall be deemed a waiver of such right in the future or of any other right or remedy available under this Agreement.

 

13.           Severability.  If any provision of this Agreement as applied to either party or to any circumstances shall be adjudged by a court of competent jurisdiction or arbitrator to be void or unenforceable the same shall in no way affect any other provision of this Agreement or the validity or enforceability of this Agreement.  If any court or arbitrator construes any of the provisions of Section 7 of this Agreement, or any part thereof, to be unreasonable because of the duration of such provision or the geographic or other scope thereof, such court or arbitrator shall reduce the duration or restrict the geographic or other scope of such provision or enforce such provision to the maximum extent possible as so reduced or restricted.

 

14.           Entire Agreement; Amendment.  This Agreement shall constitute the entire agreement between the parties with respect to compensation and benefits payable to Executive upon his termination of employment with Conn’s.  This Agreement replaces and supersedes any and all existing agreements entered into between Executive and Conn’s, whether oral or written, regarding the subject matter of this Agreement, except that this Agreement shall modify and supersede any equity award agreement between Executive and Conn’s under the Conn’s Amended and Restated 2003 Incentive Stock Option Plan and/or the Conn’s 2011 Omnibus Incentive Plan as expressly set forth herein.  The terms of this Agreement shall prevail to the extent of any conflict between the terms of this Agreement and any equity award agreement between Executive and Conn’s under the Conn’s Amended and Restated 2003 Incentive Stock Option Plan and/or the Conn’s 2011 Omnibus Incentive Plan.  This Agreement may not be amended or modified other than by a written agreement executed by the parties to this Agreement or their respective successors and legal representatives.

 

15.           Understand Agreement.  Executive represents and warrants that he has (i) read and understood each and every provision of this Agreement, (ii) been given the opportunity to obtain advice from legal counsel of choice, if necessary and desired, in order to interpret any and all provisions of this Agreement and (iii) freely and voluntarily entered into this Agreement.

 

16.           Section 409A of the Code.  Conn’s intends that all amounts payable under this agreement be exempt from Section 409A of the Code as “short-term deferrals” within the meaning of Treasury Regulation §1.409A-1(b)(4) and/or as payments under a “separation pay plan” within the meaning of Treasury Regulation § 1.409A-1(b)(9).  This Agreement will be construed and administered accordingly.

 

17.           Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Texas and is performable in the city of Conn’s corporate offices.

 

 

  

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18.           Professional/Personal.  Membership by Executive on corporate and civic boards should be accepted only after consideration of conflict of interest and consultation with the Chairman of the Board.  Conn’s requires Executive to have a comprehensive annual medical physical examination, at the expense of Conn’s.

 

19.           Titles; Pronouns and Plurals.  The titles to the sections of this Agreement are inserted for convenience of reference only and should not be deemed a part hereof or affect the construction or interpretation of any provision hereof.  Whenever the context may require, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns, and verbs shall include the plural and vice versa.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

 

	
EXECUTIVE

	
CONN’S, INC.

	 	 
	 	 
	 	 
	 	 
	 /s/ Theodore M. Wright	By:  /s/ Sydney K. Boone
	       Theodore M. Wright	    Sydney K. Boone,
	 	    Corporate General Counsel
	
                                

	
       

	 	 
	 	 
	 	 
	
Date:   December 5, 2011

	
Date:   December 5, 2011

 

10 of 10a50099667ex10-1.htm

EXHIBIT 10.1

 

AMENDMENT NO. 1

 

AMENDMENT NO. 1, dated as of December 2, 2011 (this “Amendment”), among ROCK-TENN COMPANY, a Georgia corporation (the “Company”), ROCK-TENN COMPANY OF CANADA/COMPAGNIE ROCK-TENN DU CANADA, a Nova Scotia unlimited liability company (the “Canadian Borrower” and, together with the Company, the “Borrowers”), those Domestic Subsidiaries of the Company identified as “U.S. Guarantors” on the signature pages hereto (collectively, the “U.S. Guarantors”), those Subsidiaries and the parent of the Canadian Borrower identified as “Canadian Guarantors” on the signature pages hereto (collectively, the “Canadian Guarantors”), the Lenders party hereto, WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and BANK OF AMERICA, N.A., acting through its Canada Branch, as Canadian administrative agent for the Lenders (the “Canadian Agent”), to the Credit Agreement dated as of May 27, 2011 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrowers, the U.S. Guarantors, the Canadian Guarantors, the Administrative Agent, Wells Fargo Bank, National Association, as collateral agent for the Lenders, the Canadian Agent and the Lenders referred to therein.  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.

 

WHEREAS, pursuant to Section 9.1 of the Credit Agreement, the Borrowers and the Required Lenders and the Lenders providing the Term Loan A2 (as defined herein) desire to amend the Credit Agreement and authorize the amendment of the U.S. Pledge Agreement and the Canadian Pledge Agreements to, among other things, permit for the issuance by the Company of debt instruments to be secured on an equal and ratable basis with the Credit Agreement and to provide for the creation of a new $227.0 million Term Loan tranche with the terms set forth below.

 

NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

 

Section 1.       Amendment.  Subject to satisfaction of the conditions set forth in Section 3 hereof:

 

(a)           The following definitions in Section 1.1 of the Credit Agreement are hereby amended as set forth below:

 

(i)           The definition of “Applicable Percentage” is hereby amended and restated in its entirety as follows:

 

““Applicable Percentage” means, for any day, (a) with respect to Revolving Loans, the Term Loan A and Commitment Fees, the rate per annum set forth in the table below opposite the applicable level then in effect, it being understood that the Applicable Percentage for (i) that portion of the Revolving Loans and the Term Loan A consisting of Base Rate Loans shall be the percentage set forth under the column “Base Rate Loans,” (ii) that portion of the Revolving Loans and the Term Loan A consisting of LIBOR Rate Loans and the Letter of Credit Fee shall be the percentage set forth under the column “LIBOR Rate Loans and Letter of Credit Fee,” (iii) Revolving Loans consisting of Bankers’ Acceptance Advances shall be the percentage set forth under the column “Bankers’ Acceptance Advances,” and (iv) the Commitment Fees shall be the percentage set forth under the column “Commitment Fee,” (b) with respect to that portion of the Term Loan B (i) consisting of Base Rate Loans shall be 1.75% and (ii) consisting of LIBOR Rate Loans shall be 2.75% and (c) with respect to the Term Loan A2, the rate per annum set forth in the table below opposite the applicable level then in effect, it being understood that the Applicable Percentage for (i) that portion of the Term Loan A2 consisting of Base Rate Loans shall be the percentage set forth under the column “Base Rate Loans” and (ii) that portion of the Term Loan A2 consisting of LIBOR Rate Loans shall be the percentage set forth under the column “LIBOR Rate Loans”:   

 

  

  

  

 

	
Applicable Percentage (Revolver and Term Loan A)

	  	  
	  
Pricing

Level

	  
Leverage

Ratio

	  
Base Rate

Loans

	  
LIBOR Rate

Loans and Letter of Credit

Fee

	  
Bankers’

Acceptance

Advances

	  
Commitment

Fee

	 
	
I

	
3 3.00 to 1.0

	
1.250%

	
2.250%

	
2.250%

	
0.350%

	  
	
II

	
< 3.00 to 1.0

but

3 2.50 to 1.0

	
1.000%

	
2.000%

	
2.000%

	
0.350%

	  
	
III

	
< 2.50 to 1.0

but

3 2.00 to 1.0

	
0.750%

	
1.750%

	
1.750%

	
0.25%

	  
	
IV

	
< 2.00 to 1.0

	
0.500%

	
1.500%

	
1.500%

	
0.25%

	  

	
Applicable Percentage (Term Loan A2)

	  
Pricing

Level

	  
Leverage

Ratio

	  
Base Rate

Loans

	  
LIBOR Rate

Loans

	
I

	
3 3.00 to 1.0

	
1.000%

	
2.000%

	
II

	
< 3.00 to 1.0

but

3 2.50 to 1.0

	
0.750%

	
1.750%

	
III

	
< 2.50 to 1.0

but

3 2.00 to 1.0

	
0.500%

	
1.500%

	
IV

	
< 2.00 to 1.0

	
0.250%

	
1.250%

  

  

  

 

The Applicable Percentage shall, in each case, be determined and adjusted quarterly on the date five (5) Business Days after the date on which the Administrative Agent has received from the Company the financial information and certifications required to be delivered to the Administrative Agent and the Lenders in accordance with the provisions of Section 5.7 (each an “Interest Determination Date”).  Such Applicable Percentage shall be effective from such Interest Determination Date until the next such Interest Determination Date.  The initial Applicable Percentages shall be based on Level II until the first Interest Determination Date occurring after the delivery of the officer’s compliance certificate pursuant to Section 5.7 for the quarter ending June 30, 2011.  After the Closing Date, if the Borrowers shall fail to provide the Required Financial Information for any fiscal quarter or fiscal year, the Applicable Percentage from such Interest Determination Date shall, on the date five (5) Business Days after the date by which the Borrowers were so required to provide such Required Financial Information to the Agents and the Lenders, be based on Level I until such time as such Required Financial Information is provided, whereupon the Level shall be determined by the then current Leverage Ratio.  In the event that any Required Financial Information that is delivered to the Agents is shown to be inaccurate in a manner that results in the miscalculation of the Leverage Ratio (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage for any period (an “Applicable Period”) than the Applicable Percentage applied for such Applicable Period, then the Credit Parties shall immediately (i) deliver to the Administrative Agent corrected Required Financial Information for such Applicable Period, (ii) determine the Applicable Percentage for such Applicable Period based upon the corrected Required Financial Information (which Applicable Percentage shall be made effective immediately in the current period, to the extent applicable) and (iii) immediately pay to the applicable Agent the accrued additional interest owing as a result of such increased Applicable Percentage for such Applicable Period, which payment shall be promptly applied by such Agent in accordance with Section 2.13(a).  It is acknowledged and agreed that nothing contained herein shall limit the rights of the Agents and the Lenders under the Credit Documents, including their rights under Sections 2.8 and 7.2.”

 

(ii)           The definition of “Commitment” is hereby amended by adding “the Term Loan A2 Commitment,” immediately after “the Term Loan A Commitment,”.

 

(iii)          The definition of “Commitment Percentage” is hereby amended by adding “the Term Loan A2 Commitment Percentage,” immediately after “the Term Loan A Commitment Percentage,”.

 

(iv)          The definition of “Exchange Percentage” is hereby amended by deleting the word “and” prior to clause (a)(iv) of such definition and replacing it with “,” and adding the following phrase before the comma at the end of clause (a)(iv) of such definition:

 

  

  

  

 

“and (v) the respective Term Loan A2 Commitment Percentage of such Lender of the aggregate principal amount of the outstanding Term Loan A2 of all Lenders”

 

(v)           The definition of “Funded Debt” is hereby amended by amending and restating clause (vii) of such definition as follows:

 

“(vii) all preferred Capital Stock or other equity interests issued by such Person and which by the terms thereof could be (at the request of the holders thereof or otherwise) subject to (A) mandatory sinking fund payments prior to the date six (6) months after the Latest Maturity Date, (B) redemption prior to the date six (6) months after the Latest Maturity Date or (C) other acceleration,”

 

(vi)           The definition of “Indebtedness” is hereby amended by amending and restating clause (xi) of such definition as follows:

 

“(xi) all preferred Capital Stock or other equity interests issued by such Person and which by the terms thereof could be (at the request of the holders thereof or otherwise) subject to (A) mandatory sinking fund payments prior to the date six (6) months after the Latest Maturity Date, (B) redemption prior to the date six (6) months after the Latest Maturity Date or (C) other acceleration,”

 

(vii)           The definition of “Interest Payment Date” is hereby amended by adding “, the Term Loan A2” immediately after “Revolving Loans” in clause (a)(ii) of such definition.

 

(viii)           The definition of “Interest Period” is hereby amended by adding “, the Term Loan A2” immediately after “Revolving Loans” in clause (ii) of the first proviso of such definition.

 

(ix)           The definition of “Loan” or “Loans” is hereby amended by adding “the Term Loan A2,” immediately after “the Term Loan A,” in such definition.

 

(x)           The definition of “Required Lenders” is hereby amended by deleting the word “and” in clause (a) of such definition and replacing it with “,” and adding “and outstanding Term Loan A2 Commitments” immediately after “outstanding Term Loans” in clause (a) of such definition.

 

(xi)           The definition of “Revolving/Term Loan A Maturity Date” is hereby amended to change the title of such defined term to “Revolving/Term Loan A/A2 Maturity Date” and to modify all references to such defined term in the Credit Agreement and the other Credit Documents accordingly.

 

  

  

  

 

(xii)           The definition of “Term Loan Lenders” is hereby amended to include “, the Term Loan A2 Lenders” immediately after “the Term Loan A Lenders”.

 

(xiii)          The definition of “Term Loans” is hereby amended to include “the Term Loan A2,” immediately after “the Term Loan A,”.

 

(xiv)          The definition of “Term Note” or “Term Notes” is hereby amended to include “, a Term Loan A2 Note” immediately after “a Term Loan A Note”.

 

(b)           The following definitions are hereby added to Section 1.1 of the Credit Agreement in proper alphabetical order:

 

(i)           “Amendment No. 1” means that certain amendment to this Credit Agreement dated as of the Amendment No. 1 Effective Date by and among the Borrowers, the Guarantors, the Administrative Agent, the Canadian Agent and the Lenders party thereto.

 

(ii)           “Amendment No. 1 Effective Date” means December 2, 2011.

 

(iii)           “Draw Period” means the period of time commencing with the Amendment No. 1 Effective Date to, and including, March 31, 2012.

 

(iv)           “Latest Maturing Loan” means the Term Loan incurred and outstanding under this Credit Agreement with the Latest Maturity Date.

 

(v)           “Latest Maturity Date” means the latest maturity date of any Term Loan incurred and outstanding under this Credit Agreement at any given time after giving effect to any renewal, refinancing, refunding or extension of Loans incurred or outstanding pursuant to this Credit Agreement.

 

(vi)           “Refinanced Term Loan A2” has the meaning set forth in Section 9.1.

 

(vii)           “Replacement Term Loan A2” has the meaning set forth in Section 9.1.

 

(viii)         “Term Loan A2” has the meaning set forth in Section 2.3(e).

 

(ix)           “Term Loan A2 Commitment” means, with respect to each Term Loan A2 Lender, the commitment of such Term Loan A2 Lender to make its portion of the Term Loan A2 and/or Incremental Term Loans, as applicable, in a principal amount equal to such Term Loan A2 Lender’s Term Loan A2 Commitment Percentage of the Term Loan A2 Committed Amount.

 

(x)           “Term Loan A2 Commitment Percentage” means, for any Term Loan A2 Lender, the percentage identified as its Term Loan A2 Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any Incremental Term Loan Commitment and/or any assignment made in accordance with the provisions of Section 9.6.

 

  

  

  

 

(xi)           “Term Loan A2 Committed Amount” has the meaning set forth in Section 2.3(e).

 

(xii)           “Term Loan A2 Lender” means, as of any date of determination, any Lender that holds a Term Loan A2 Commitment and/or a portion of the outstanding Term Loan A2 on such date.

 

(xiii)          “Term Loan A2 Note” or “Term Loan A2 Notes” means the promissory notes of the Company in favor of each of the Term Loan A2 Lenders evidencing the portion of the Term Loan A2 provided pursuant to Section 2.3(i), individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

 

(xiv)          “Term Loan A2 Notice of Borrowing” means a request for a Term Loan A2 borrowing pursuant to Section 2.3(f).  A Form of Term Loan A2 Notice of Borrowing is attached as Schedule 1.1(g).

 

(c)           Section 1.3 of the Credit Agreement is hereby amended by adding clause (iv) to the end thereof:

 

“(iv) Notwithstanding anything herein to the contrary, the parties hereto acknowledge and agree that after the Credit Parties’ obligations with respect to a series of debt securities are deemed to be no longer outstanding under an indenture or other operative document governing such debt securities (including due to having paid or irrevocably deposited funds sufficient to pay the entire Indebtedness represented by such debt securities at a given date), (A) such debt securities will thereafter be deemed to be no longer “outstanding” for purposes of all calculations made under this Credit Agreement and (B) any interest expense attributable to such debt securities will thereafter be deemed not to constitute Interest Expense for purposes of all calculations made under this Agreement.”

 

(d)           Section 2.3 of the Credit Agreement is hereby amended such that the title of such Section shall now be “Term Loan A and Term Loan A2.”  In addition, Section 2.3 of the Credit Agreement is hereby amended by adding the following clauses (e), (f), (g), (h), (i) and (j) to the end thereof:

 

“(e) Term Loan A2.  Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan A2 Lender severally agrees to make available to the Company (in either a single drawing or in two separate drawings, at the discretion of the Company) during the Draw Period such Term Loan A2 Lender’s Term Loan A2 Commitment Percentage of a term loan in U.S. Dollars (the “Term Loan A2”) in the aggregate principal Dollar Amount of up to TWO HUNDRED TWENTY-SEVEN MILLION U.S. DOLLARS (U.S.$227,000,000) (the “Term Loan A2 Committed Amount”) for the purposes hereinafter set forth.  The Term Loan A2 may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Company may request.  LIBOR Rate Loans shall be made by each Term Loan A2 Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.  Amounts repaid or prepaid on the Term Loan A2 may not be reborrowed.  The Term Loan A2 Commitments shall automatically expire upon the earliest of (i) a borrowing of the Term Loan A2 that results in the aggregate principal amount of all Term Loan A2 borrowings equaling the Term Loan A2 Committed Amount, (ii) the second borrowing of the Term Loan A2 and (iii) 5:00 p.m. New York City time on March 31, 2012.

 

  

  

  

 

(f) Term Loan A2 Borrowings.

 

(i)           Notice of Borrowing.  The Company may request a Term Loan A2 borrowing by delivering a written Term Loan A2 Notice of Borrowing (or telephonic notice promptly confirmed in writing by delivery of a written Term Loan A2 Notice of Borrowing, which delivery may be by fax or electronically by pdf) to the Administrative Agent not later than 11:00 a.m. on the date of the requested borrowing in the case of Alternate Base Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the case of LIBOR Rate Loans.  Each Term Loan A2 Notice of Borrowing shall be irrevocable and shall specify (A) that a Term Loan A2 is requested, (B) the date of the requested borrowing (which shall be a Business Day during the Draw Period), (C) the aggregate principal amount to be borrowed and (D) whether the borrowing shall be comprised of Alternate Base Rate Loans, LIBOR Rate Loans or a combination thereof, and if LIBOR Rate Loans are requested, the Interest Period(s) therefor.  If the Company shall fail to specify in a Term Loan A2 Notice of Borrowing (1) an applicable Interest Period in the case of a LIBOR Rate Loan, then such notice shall be deemed to be a request for an Interest Period of one (1) month, or (2) the Type of Term Loan A2 requested, then such notice shall be deemed to be a request for an Alternate Base Rate Loan hereunder.  The Administrative Agent shall give notice to each Term Loan A2 Lender promptly upon receipt of such Term Loan A2 Notice of Borrowing, the contents thereof and each such Term Loan A2 Lender’s share thereof.

 

(ii)           Minimum Amounts.  The Term Loan A2 shall be in a minimum aggregate Dollar Amount of (A) in the case of LIBOR Rate Loans, U.S.$5,000,000 and integral multiples of U.S.$1,000,000 in excess thereof and (B) in the case of Alternate Base Rate Loans, U.S.$1,000,000 and integral multiples of U.S.$1,000,000 in excess thereof; provided that the minimum aggregate Dollar Amount of any Term Loan A2 borrowing requested pursuant to this Section 2.3 shall be U.S.$100,000,000.

 

  

  

  

 

(iii)           Advances.  Each Term Loan A2 Lender will make its Term Loan A2 Commitment Percentage of each Term Loan A2 borrowing available to the Administrative Agent, for the account of the Company, in U.S. Dollars and in funds immediately available to the Administrative Agent, at the Administrative Agent’s office by 1:00 p.m. on the date specified in the applicable Term Loan A2 Notice of Borrowing.  Such borrowing will then promptly be made available to the Company by the Administrative Agent by crediting the account of the Company designated in the Account Designation Letter hereunder with the aggregate of the amounts made available to the Administrative Agent by the Term Loan A2 Lenders and in like funds as received by the Administrative Agent.

 

(g) Repayment of Term Loan A2.  The principal amount of the Term Loan A2 shall be repaid in nineteen (19) consecutive quarterly installments in the amounts as set forth below (which shall be based upon the specified percentage in the table below of the aggregate principal amount of Term Loan A2 borrowings prior to the expiration of the Term Loan A2 Commitments, as provided in Section 2.3(e)), unless accelerated sooner pursuant to Section 7.2:  

 

	
Principal Amortization

Payment Dates

	
Term Loan A2 Principal Amortization

Payments (% of the aggregate principal amount of Term Loan A2 borrowings)

	
December 31, 2011

	
0.00%

	
March 31, 2012

	
0.00%

	
June 30, 2012

	
2.50%

	
September 30, 2012

	
2.50%

	
December 31, 2012

	
2.50%

	
March 31, 2013

	
2.50%

	
June 30, 2013

	
2.50%

	
September 30, 2013

	
2.50%

	
December 31, 2013

	
2.50%

	
March 31, 2014

	
2.50%

	
June 30, 2014

	
2.50%

	
September 30, 2014

	
2.50%

	
December 31, 2014

	
2.50%

	
March 31, 2015

	
2.50%

	
June 30, 2015

	
2.50%

	
September 30, 2015

	
4.00%

	
December 31, 2015

	
4.00%

	
March 31, 2016

	
4.00%

	
Revolving/Term Loan A/A2 Maturity Date

	
Outstanding principal amount of the Term Loan A2

  

  

  

 

(h) Interest on the Term Loan A2.  Subject to the provisions of Sections 2.8 and 2.13, the Term Loan A2 shall bear interest as follows:

 

(i) Alternate Base Rate Loans.  During such periods as the Term Loan A2 shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the Applicable Percentage; and

 

(ii) LIBOR Rate Loans.  During such periods as the Term Loan A2 shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage.

 

Interest on the Term Loan A2 shall be payable in arrears on each Interest Payment Date.

 

(i) Term Loan A2 Notes.  The Company’s obligation to pay each Term Loan A2 Lender’s Term Loan A2 shall be evidenced, upon such Term Loan A2 Lender’s request, by a Term Loan A2 Note made payable to such Lender in substantially the form of Schedule 2.3(d).

 

(j) Reduction of Commitments.  The Company shall have the right to permanently terminate or reduce the unused portion of the Term Loan A2 Committed Amount at any time or from time to time upon not less than ten (10) Business Days’ prior written notice to the Administrative Agent (who shall notify the Term Loan A2 Lenders thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction which shall be in a minimum Dollar Amount of U.S.$5,000,000 or a whole multiple of U.S.$1,000,000 in excess thereof and shall be irrevocable and effective upon receipt by the Administrative Agent.  Any such reduction in the Term Loan A2 Committed Amount shall be allocated ratably among the Term Loan A2 Commitments of the Term Loan A2 Lenders.”

 

  

  

  

(e)           The second sentence of Section 2.10(a) of the Credit Agreement is hereby amended to include “the Term Loan A2,” immediately after “the Term Loan A,”.

 

(f)           Section 2.12 of the Credit Agreement is hereby amended to add a new clause (e) at the end thereof as follows:

 

“(e)           Ticking Fee.  In consideration of the Term Loan A2 Commitments, the Company agrees to pay to the Administrative Agent for the ratable benefit of the Term Loan A2 Lenders a ticking fee in an amount equal to 0.35% per annum on the average daily unused amount of the Term Loan A2 Committed Amount then in effect (for purposes of clarity, a borrowing of a Term Loan A2 will constitute the utilization of an equivalent amount of the Term Loan A2 Committed Amount), accruing from and including the Amendment No. 1 Effective Date to but excluding the date of expiration or termination of all the Term Loan A2 Commitments, payable upon the date of expiration or termination of all the Term Loan A2 Commitments.”

 

(g)           Section 2.20(a) of the Credit Agreement is hereby amended by (i) replacing “U.S. Federal” in clause (iii) of the first sentence of such Section with “any” and (ii) inserting “by the applicable withholding agent” immediately after “after withholding or deduction” in the second sentence of such Section.

 

(h)           Section 2.20(b) of the Credit Agreement is hereby amended by inserting the following language at the beginning of such paragraph:

 

“Any Lender that is entitled to an exemption from or reduction of withholding tax with respect to any payments made under any Credit Document shall deliver to the Company and the Administrative Agent, at the time or times reasonably requested by the Company or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Company or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding.  In addition, any Lender, if reasonably requested by the Company or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Company or the Administrative Agent as will enable the Company or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.  Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than any documentation relating to U.S. Federal withholding taxes or Canadian withholding taxes) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.  Without limiting the generality of the foregoing,”

 

  

  

  

In addition, Section 2.20(b) of the Credit Agreement is hereby amended by (i) replacing the initial “Any” in such Section with “any”, (ii) deleting in its entirety the fourth sentence of such Section and (iii) deleting in its entirety the proviso in the fifth sentence of such Section.

 

(i)           Section 2.25(a)(F)(1)(w) of the Credit Agreement is hereby amended by replacing the phrase “shorter weighted average life to maturity than the remaining weighted average life to maturity of the original Term Loan B or a maturity date earlier than the Term Loan B Maturity Date” with the phrase “shorter weighted average life to maturity than the remaining weighted average life to maturity of the Latest Maturing Loan or a maturity date earlier than the Latest Maturity Date”.

 

(j)           Section 2.25(a)(F)(1)(x) of the Credit Agreement is hereby amended to include “, the Term Loan A2” immediately after “the Term Loan A”.

 

(k)           Section 2.26(b) of the Credit Agreement is hereby amended to include “, the Term Loan A2” immediately after “the Term Loan A” in clauses (i)(x) and (iii) of such Section.

 

(l)           Section 4.2(c) of the Credit Agreement is hereby amended to include “, other than a borrowing of the Term Loan A2” immediately after “(and the application of the proceeds thereof)”.

 

(m)           Section 6.1(a) of the Credit Agreement is hereby amended by replacing “Term Loan B Maturity Date” with “Latest Maturity Date”.

 

(n)           Section 6.1(b) of the Credit Agreement is hereby amended by replacing “Term Loan B Maturity Date” with “Latest Maturity Date”.

 

(o)           Section 6.2(g) of the Credit Agreement is hereby amended by replacing “Obligations” with “Credit Party Obligations”.

 

(p)           Section 6.2 of the Credit Agreement is hereby amended by deleting “and” at the end of clause (o) thereof, replacing “.” at the end of clause (p) thereof with “; and” and adding clause (q) to the end thereof:

 

“(q) any Lien granted to secure any Indebtedness incurred pursuant to Section 6.3(j) on an equal and ratable basis with the Credit Party Obligations (including with respect to security reversion events) so long as at the time of incurrence of such Lien, or immediately after the application of the proceeds from the Indebtedness secured by such Lien (which shall occur substantially concurrently with the incurrence of such Indebtedness), no portion of the Term Loan B remains outstanding.”

 

(q)           Clause (C) of the proviso to Section 6.3(c) of the Credit Agreement is hereby amended by replacing the phrase “such Indebtedness has a maturity no earlier than Term Loan B Maturity Date and a weighted average life to maturity no shorter than that of the Term Loan B” with the phrase “such Indebtedness has a maturity date no earlier than the Latest Maturity Date and a weighted average life to maturity no shorter than the remaining weighted average life to maturity of the Latest Maturing Loan”.

 

  

  

  

(r)            Section 6.3(j) of the Credit Agreement is hereby amended by (i) inserting the term “substantially” immediately prior to the term “concurrent” and (ii) replacing the phrase “a shorter weighted average life to maturity than the remaining weighted average life to maturity of the Term Loan B or a maturity date earlier than the Term Loan B Maturity Date” with the phrase “a shorter weighted average life to maturity than the remaining weighted average life to maturity of the Latest Maturing Loan or a maturity date earlier than the Latest Maturity Date”.

 

(s)           The proviso in Section 7.1(b) of the Credit Agreement is hereby amended by replacing such proviso with the following phrase:

 

“provided that any failure to observe or perform any covenant or agreement contained in subsections (a) and (b) of Section 6.1 shall not constitute an Event of Default with respect to the Term Loan B so long as none of the Term Loan A Lenders, the Term Loan A2 Lenders or the Revolving Lenders have taken any action pursuant to Section 7.2; or”.

 

(t)            Section 8.11 of the Credit Agreement is hereby amended to add a new clause (c) at the end thereof as follows:

 

“(c)  Upon or after the issuance of any debt securities to be secured by a Lien or security reversion rights permitted under Section 6.2(q), the Administrative Agent, the Canadian Agent and the Collateral Agent are irrevocably authorized and directed by the Lenders to amend the U.S. Pledge Agreement and the Canadian Pledge Agreements and any other Security Documents or to enter into other relevant documents, in each case on terms and conditions reasonably satisfactory to the Borrowers and the Administrative Agent and without any further action or consent by any Lender or other Secured Party, in order to include the obligations to be secured by the Lien permitted under Section 6.2(q) as “Secured Obligations” and to otherwise provide that such obligations shall be secured for the equal and ratable benefit of the holders of such obligations on the same terms as the Credit Facility Obligations, the Canadian Obligations, the Guaranteed Obligations and the 1995 Senior Note Obligations (as such terms are defined under the U.S. Pledge Agreement and the Canadian Pledge Agreements, as applicable).”

 

  

  

  

(u)           Section 8.12 of the Credit Agreement is hereby amended to change the phrase “did not properly withhold Tax” in the second sentence thereof to the phrase “did not properly withhold tax”.

 

(v)           The fifth paragraph of Section 9.1 of the Credit Agreement is hereby amended by replacing such paragraph with the following paragraph:

 

“In addition, notwithstanding any of the foregoing to the contrary, this Agreement may be amended with the written consent of the Administrative Agent, the Borrowers and the Lenders providing the relevant Replacement Term Loan A (as defined below), Replacement Term Loan A2 (as defined below) or Replacement Term Loan B (as defined below) to permit the refinancing of all outstanding amounts under the Term Loan A (“Refinanced Term Loan A”), Term Loan A2 (“Refinanced Term Loan A2”) or Term Loan B (“Refinanced Term Loan B”) with a replacement term loan A tranche denominated in Dollars (“Replacement Term Loan A”), term loan A2 tranche denominated in Dollars (“Replacement Term Loan A2”) or term loan B tranche denominated in Dollars (“Replacement Term Loan B”), respectively, hereunder; provided that (a) the aggregate principal amount of such Replacement Term Loan A, Replacement Term Loan A2 or Replacement Term Loan B shall not exceed the aggregate principal amount of such Refinanced Term Loan A, Refinanced Term Loan A2 or Refinanced Term Loan B, respectively, (b) the Applicable Percentage for such Replacement Term Loan A, Replacement Term Loan A2 or Replacement Term Loan B shall not be more than 0.50% higher than the Applicable Percentage for such Refinanced Term Loan A, Refinanced Term Loan A2 or Refinanced Term Loan B, respectively, (c) the weighted average life to maturity of such Replacement Term Loan A, Replacement Term Loan A2 or Replacement Term Loan B shall not be shorter than the weighted average life to maturity of such Refinanced Term Loan A, Refinanced Term Loan A2 or Refinanced Term Loan B, respectively, at the time of such refinancing (except to the extent of nominal amortization for periods where amortization has been eliminated as a result of prepayment of the applicable Term Loans) and (d) all other terms applicable to such Replacement Term Loan A, Replacement Term Loan A2 or Replacement Term Loan B shall be substantially identical to, or less favorable to the Lenders providing such Replacement Term Loan A, Replacement Term Loan A2 or Replacement Term Loan B than, those applicable to such Refinanced Term Loan A, Refinanced Term Loan A2 or Refinanced Term Loan B, respectively, except to the extent necessary to provide for covenants and other terms applicable to any period after the latest final maturity of the Term Loans in effect immediately prior to such refinancing.”

 

(w)           Section 9.6(b)(iii)(B) of the Credit Agreement is hereby amended by to include “, a Term Loan A2 Commitment” immediately after “a Term Loan A Commitment”.

 

  

  

  

(x)            Section 9.6(d) of the Credit Agreement is hereby amended by including “(subject to the requirements and limitations of such Sections)” immediately after the text “the benefits of Sections 2.18 and 2.20”.

 

(y)            Section 9.6(e) of the Credit Agreement is hereby amended by deleting in its entirety the last sentence of such Section.

 

(z)             Schedule 2.1(a) to the Credit Agreement is hereby amended to include the Term Loan A2 Commitments on Schedule A hereto.

 

(aa)           Schedule 2.3(d) to the Credit Agreement is hereby amended to change each reference to the entire defined term “Term Loan A” or “Term Loan A Note” therein to “Term Loan [A/A2]” or “Term Loan [A/A2] Note”, respectively.

 

(bb)           A new Schedule 1.1(g) is hereby added to the Credit Agreement in the form of Schedule B hereto.

 

Section 2.       Representations and Warranties.  The Borrowers represent and warrant to the Lenders as of the date hereof and the Effective Date (as defined below) that:

 

(a)           At the time of and immediately after giving effect to this Amendment, the representations and warranties set forth in the Credit Agreement are true and correct in all material respects (except to the extent that any such representation or warranty is qualified by materiality, in which case such representation and warranty shall be true and correct) with the same effect as if made on the Effective Date, except to the extent such representations and warranties expressly relate to an earlier date.

 

(b)           At the time of and immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

 

(c)           The proceeds of the Term Loan A2 shall be used for general corporate purposes of the Company and its Subsidiaries (including Permitted Acquisitions).

 

Section 3.       Conditions to Effectiveness.  This Amendment shall become effective on the date (the “Effective Date”) on which the Administrative Agent (or its counsel) and the Canadian Agent (or its counsel) shall have received from (A) the Required Lenders and the Term Loan A2 Lenders, a counterpart of this Amendment signed on behalf of such party, (B) each of the other parties hereto, a counterpart of this Amendment signed on behalf of such party, (C) each of the documents listed in clauses (a)-(d) below (subject to the last sentence of this Section 3) and (D) all fees and expenses due and payable pursuant Section 4 hereof.

 

(a)           Lien Searches.  Receipt by the Administrative Agent of Uniform Commercial Code lien searches at the Secretary of State’s (or equivalent) office in the state of organization of each Credit Party formed under the laws of a State of the United States (each, a “U.S. Credit Party”), in each case reflecting no Liens other than Permitted Liens.

 

  

  

  

(b)           Legal Opinion.  Receipt by the Administrative Agent of the following legal opinions of counsel to the U.S. Credit Parties, in each case in form and substance reasonably acceptable to the Administrative Agent:

 

(i) a legal opinion of Cravath, Swaine & Moore LLP, special New York counsel to the U.S. Credit Parties;

 

(ii) a legal opinion of Rogers & Hardin LLP, special Georgia counsel to the U.S. Credit Parties; and

 

(iii) a legal opinion of the general counsel of the Company, covering valid existence, good standing and organizational power and authority of the U.S. Credit Parties, and no material litigation.

 

(c)           Corporate Documents.  Receipt by the Administrative Agent of the following (or their equivalent), each (other than with respect to clause (iv)) certified by the secretary or assistant secretary of the applicable U.S. Credit Party to be true and correct and in force and effect in a certificate in a form reasonably satisfactory to the Administrative Agent:

 

(i) Articles of Incorporation.  Copies of the articles of incorporation or other charter documents of each U.S. Credit Party certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state of its organization.

 

(ii) Resolutions.  Copies of resolutions of the board of directors or comparable managing body of each U.S. Credit Party approving and adopting the Amendment, the transactions contemplated therein and authorizing execution and delivery thereof.

 

(iii) Bylaws.  Copies of the bylaws, operating agreement or partnership agreement of each U.S. Credit Party (or a certification by the secretary or assistant secretary of the applicable U.S. Credit Party that there have been no changes to such documents as delivered to the Administrative Agent on the Closing Date).

 

(iv) Good Standing.  Copies, where applicable, of certificates of good standing, existence or the equivalent of each U.S. Credit Party in its state of organization, certified as of a recent date by the appropriate Governmental Authorities of the applicable state of organization.

 

(d)           Officer’s Certificate.  Receipt by the Administrative Agent of a certificate, in form and substance reasonably satisfactory to it, of a Responsible Officer certifying that (i) after giving effect to the Amendment, the Credit Parties taken as a whole are solvent as of the Effective Date (assuming, for the purposes thereof, that the Term Loan A2 is funded on the Effective Date and that all the proceeds thereof have been applied to prepay an equivalent amount of the Term Loan B on the Effective Date) and (ii) the Company will be in compliance on a pro forma basis with the financial covenants set forth in Section 6.1 immediately after giving effect to the making of the Term Loan A2 (assuming, for the purposes thereof, that the Term Loan A2 is funded on the Effective Date and that all the proceeds thereof have been applied to prepay an equivalent amount of the Term Loan B on the Effective Date).

 

  

  

  

In addition, the effectiveness of this Amendment (other than Sections 4, 5, 6 and 7 hereof) is conditioned upon the accuracy of the representations and warranties set forth in Section 2 hereof.  Notwithstanding the foregoing, if the Company shall have used commercially reasonable efforts to deliver, but shall nevertheless be unable to deliver, any of the documents listed in clauses (a) and (c)(i) and (iv) with respect to any U.S. Credit Party organized under the laws of the State of California that is required to be delivered in order for this Amendment to become effective, such delivery shall not be a condition precedent to the effectiveness of this Amendment, but shall be required to be accomplished promptly upon receipt of such documents by the Company and, in any event, not later than 15 Business Days after the Effective Date (or such longer period as the Administrative Agent shall permit in its sole discretion).

 

Section 4.       Fees and Expenses.  The Borrowers agree to reimburse the Administrative Agent and the Canadian Agent, in each case, for the reasonable out-of-pocket expenses incurred by them in connection with this Amendment, including the reasonable fees, charges and disbursements of Cahill Gordon & Reindel llp, counsel for the Administrative Agent, and Borden Ladner Gervais LLP, counsel for the Canadian Agent.  In addition, the Borrowers agree to pay all fees due and payable to the Administrative Agent, the Canadian Agent, Wells Fargo Securities, LLC and the Term Loan A2 Lenders on or before the Effective Date in respect of the structuring and arrangement of the Amendment and the Term Loan A2 Commitments.

 

Section 5.       Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission or by email in Adobe “.pdf” format shall be effective as delivery of a manually executed counterpart hereof.

 

Section 6.       Applicable Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

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

 

  

  

  

 

Section 8.       Effect of Amendment.  On and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Credit Agreement”, “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes and each of the other Credit Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended or waived by this Amendment.  The Credit Agreement, the Notes and each of the other Credit Documents, as specifically amended or waived by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  Without limiting the generality of the foregoing, the Security Documents and all of the Collateral described therein do and shall continue to secure the payment of all obligations of the Credit Parties under the Credit Documents.  Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agents under the Credit Agreement or any other Credit Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  The parties hereto expressly acknowledge that it is not their intention that this Amendment or any of the other Credit Documents executed or delivered pursuant hereto constitute a novation of any of the obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document, but rather constitute a modification thereof pursuant to the terms contained herein.

 

[Signature Pages Follow]

 

 

  

  

  

 

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

 

 

                                                              

	BORROWERS:  	ROCK-TENN COMPANY	 
	 	 	 	 
	
 

	
By: 

	/s/ Steven C. Voorhees	 
	 	 	 
Name: Steven C. Voorhees

	 
	 	 	Title:   Executive Vice President, Chief Financial 	 
	 	 	 
    Officer and Chief Administrative Officer

	 

 

 

 

                                                              

	 	ROCK-TENN COMPANY OF CANADA/COMPAGNIE ROCK-TENN DU CANADA	 
	 	 	 	 
	
 

	
By: 

	/s/ Steven C. Voorhees	 
	 	 	 
Name: Steven C. Voorhees

	 
	 	 	Title:   Executive Vice President, Chief Financial 	 
	 	 	 
    Officer and Chief Administrative Officer

	 

 

  

  

  

 

	
U.S. GUARANTORS:

	
FOIL LAMINATING, INC.

	  	
GLENMARK INDUSTRIES, INC.

	  	
GMI, INC.

	  	
PCPC, INC.

	  	
PREFLEX LLC

	  	
ROCKTENN CP, LLC

	  	
ROCK-TENN ASTRA, LLC

	  	
ROCK-TENN CANADA HOLDINGS, INC.

	  	
ROCK-TENN COMPANY OF TEXAS

	  	
ROCK-TENN CONVERTING COMPANY

	  	
ROCK-TENN LEASING COMPANY, LLC

	  	
         By: ROCK-TENN CONVERTING COMPANY,

	  	
                its Sole and Managing Member

	  	
ROCK-TENN MILL COMPANY, LLC

	  	
ROCK TENN PARTITION COMPANY

	  	
ROCK-TENN SERVICES INC.

	  	
ROCK-TENN SHARED SERVICES, LLC

	  	
ROCKTENN-SOLVAY, LLC

	  	
ROCKTENN-SOUTHERN CONTAINER, LLC

	  	
ROCK-TENN XL, LLC

	  	
ROCK-TENN XLS, LLC

	  	
STONE GLOBAL, INC.

	  	
TENCORR CONTAINERBOARD, LLC

	  	
VARIPAK, INC.

	  	
WALDORF CORPORATION

	  	  

 

 

                                                              

	 	 	 	 
	
 

	
By: 

	/s/ Steven C. Voorhees	 
	 	 	 
Name: Steven C. Voorhees

	 
	 	 	Title:   Executive Vice President, Chief Financial 	 
	 	 	 
    Officer and Chief Administrative Officer

	 

 

  

  

  

 

	
CANADIAN GUARANTORS:

	
ROCKTENN MERCHANDISING DISPLAY

	  	
   COMPANY OF CANADA

	  	
EMBALLAGES ROCKTENN–MONTRÉAL

	  	
   INC./ROCKTENN–MONTRÉAL PACKAGING INC.

	  	
EMBALLAGES ROCKTENN – SAINTE-MARIE

	  	
   INC./ROCKTENN – SAINTE-MARIE PACKAGING

	  	
   INC.

	  	
EMBALLAGES ROCKTENN – WARWICK

	  	
   INC./ROCKTENN – WARWICK PACKAGING INC.

	  	
3242795 NOVA SCOTIA LIMITED

	  	
3242796 NOVA SCOTIA LIMITED

	  	
ROCKTENN-CONTAINER CANADA, L.P.

	  	
        By: 3242795 NOVA SCOTIA LIMITED,

	  	
               its Sole General Partner

	  	
ROCKTENN – PREPRINT CANADA INC.

 

 

 

                                                              

	 	 	 	 
	
 

	
By: 

	/s/ Steven C. Voorhees	 
	 	 	 
Name: Steven C. Voorhees

	 
	 	 	Title:   Executive Vice President, Chief Financial 	 
	 	 	 
    Officer and Chief Administrative Officer

	 

 

 

  

  

  

 

	 
ADMINISTRATIVE AGENT:

	
WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

	 
	 	 	 	 
	
 

	
By: 

	/s/ Karen H. McClain	 
	 	 	Name: Karen H. McClain	 
	 	 	Title: Managing Director	 
	 	 	 	 

 

 

  

  

  

 

	
CANADIAN AGENT: 

	
BANK OF AMERICA, N.A.,

	  	
acting through its Canada Branch,

	  	
as Canadian Agent

 

	 	 	 	 
	
 

	
By: 

	/s/ Medina Sales de Andrade	 
	 	 	 
Name:  Medina Sales de Andrade

	 
	 	 	 
Title:    Vice President

	 
	 	 	 	 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Wells Fargo Bank, National Association,

	  	
as a Lender

	 	 
	 	 
	  	
By: /s/ Karen H. McClain

	  	
Name: Karen H. McClain

	  	
Title: Managing Director

 

 

  

  

  

 

	
EXISTING LENDERS:

	
KEYBANK NATIONAL ASSOCIATION,

	  	
as a Lender

	 	 
	 	 
	  	
By: /s/ Marcel Fournier

	  	
Name: Marcel Fournier

	  	
Title: Vice President

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
MERIDIAN BANK,

	  	
as a Lender

	 	 
	 	 
	  	
By: /s/ James D. Nelsen

	  	
Name: James D. Nelsen

	  	
Title: Senior Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
WATERFRONT CLO 2007-1, LTD.,

	  	
as a Lender

	 	 
	 	 
	  	
By: /s/ James M. Lisko

	  	
Name: James M. Lisko

	  	
Title:   Senior Vice President

	  	
Grandview Capital Management, LLC

	  	
As Investment Manager

 

 

  

  

  

 

	
EXISTING LENDERS:

	
REGIONS BANK,

	  	
as a Lender

	 	 
	 	 
	  	
By: /s/ Stephen Brothers

	  	
Name: Stephen Brothers

	  	
Title: Senior Vice President

	  	  

 

  

  

  

 

	
EXISTING LENDERS:

	
Community & Southern Bank,

	  	
as a Lender

	 	 
	 	 
	  	
By: /s/ Thomas A. Bethel

	  	
Name: Thomas A. Bethel

	  	
Title: Senior Relationship Manager

 

 

  

  

  

 

	
EXISTING LENDERS:

	
GALLATIN CLO II 2005-1, LTD

	  	
By: UrsaMine Credit Advisors, LLC

	  	
as its Collateral Manager,

	  	
as a Lender

	 	 
	 	 
	  	
By: /s/ Justin Driscoll

	  	
Name: Justin Driscoll

	  	
Title: CEO and Portfolio Manager

	  	  

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
BANK LEUMI,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Joung Hee Hong

	  	
Name: Joung Hee Hong

	  	
Title: First Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
FCS FINANCIAL, PCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Sean Unterreiner

	  	
Name: Sean Unterreiner

	  	
Title: Senior Lending Officer

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Badgerland Financial, FLCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Larry Coulthard

	  	
Name: Larry Coulthard

	  	
Title: VP – Capital Markets

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Bank of America, N.A.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Mike Delaney

	  	
Name: Mike Delaney

	  	
Title: Director

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Farm Credit Services of the Mountain Plains, PCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Daryl Nielsen

	  	
Name: Daryl Nielsen

	  	
Title: Vice President

  

  

  

	
EXISTING LENDERS:

	
Northwest Farm Credit Services, PCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Jeremy A. Roewe

	  	
Name: Jeremy A. Roewe

	  	
Title: Account Manager

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Royal Bank of Canada,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Jennifer Lee-You

	  	
Name: Jennifer Lee-You

	  	
Title:  Attorney in Fact (New York)

	  	
Royal Bank of Canada

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Bank of America, N.A. acting through its Canada branch,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Medina Sales de Andrade 

	  	
Name: Medina Sales de Andrade

	  	
Title: Vice President

	  	  

 

  

  

  

 

	
EXISTING LENDERS:

	
BARCLAYS BANK PLC,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Michael J. Mozer 

	  	
Name: Michael J. Mozer

	  	
Title: Vice President

	  	  

 

  

  

  

 

 

	
EXISTING LENDERS:

	
RBC BANK (USA),

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ James R. Pryor 

	  	
Name: James R. Pryor

	  	
Title: Authorized Signatory

	  	  

 

 

  

  

  

 

	
EXISTING LENDERS:

	
AGCHOICE FARM CREDIT, ACA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Mark F. Kerstetter 

	  	
Name: Mark F. Kerstetter

	  	
Title: Vice President

	  	  

 

 

  

  

  

 

	
EXISTING LENDERS:

	
JPMORGAN CHASE BANK, N.A.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ John A. Horst 

	  	
Name: John A. Horst

	  	
Title: Credit Executive

 

  

  

  

 

	
EXISTING LENDERS:

	
First Niagara Bank, N.A.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Troy M. Jones 

	  	
Name: Troy M. Jones

	  	
Title: Assistant Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
AgStar Financial Services, PCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Troy Mostaert 

	  	
Name: Troy Mostaert

	  	
Title: Vice President

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Nordea Bank Finland Plc, acting through its New York and Cayman Islands Branches,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Mogens R. Jensen 

	  	
Name: Mogens R. Jensen

	  	
Title: Senior Vice President

	 	 
	 	 
	  	
If a second signature is necessary:

	 	 
	 	 
	  	
By: /s/ Leena Parker 

	  	
Name: Leena Parker

	  	
Title: First Vice President

 

  

  

  

 

	
EXISTING LENDERS:

	
Branch Banking and Trust Company,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Robert T. Barnaby 

	  	
Name: Robert T. Barnaby

	  	
Title: Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
AMERICAN SAVINGS BANK, F.S.B.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Rian DuBach 

	  	
Name: Rian DuBach

	  	
Title: Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Raymond James Bank, FSB,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Steven Paley 

	  	
Name: Steven Paley

	  	
Title: Senior Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
American AgCredit, PCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Vern Zander 

	  	
Name: Vern Zander

	  	
Title: Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
FIRST HAWAIIAN BANK,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Dawn Hofmann 

	  	
Name: Dawn Hofmann

	  	
Title: Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
PNC BANK, NATIONAL ASSOCIATION,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Jessica L. Fabrizi 

	  	
Name: Jessica L. Fabrizi

	  	
Title: Assistant Vice President

 

 

  

  

  

 

 

	
EXISTING LENDERS:

	
United FCS, PCA d/b/a FCS Commercial Finance Group,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Lisa Caswell 

	  	
Name: Lisa Caswell

	  	
Title: Vice President

 

 

  

  

  

 

 

	
EXISTING LENDERS:

	
1st Farm Credit Services, PCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Corey J. Waldinger 

	  	
Name: Corey J. Waldinger

	  	
Title: Vice President, Capital Markets

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
The Northern Trust Company,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ John Canty 

	  	
Name: John Canty

	  	
Title: Senior Vice President

 

 

  

  

  

 

 

	
EXISTING LENDERS:

	
Baker Street CLO II Ltd.

	  	
By: Seix Investment Advisors LLC, as Collateral Manager,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ George Goudelias 

	  	
Name: George Goudelias

	  	
Title: Managing Director

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Mountain View Funding CLO 2006-I Ltd.

	  	
By: Seix Investment Advisors LLC,

	  	
as Collateral Manager,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ George Goudelias 

	  	
Name: George Goudelias

	  	
Title: Managing Director

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Mountain View Funding CLO II Ltd.

	  	
By: Seix Investment Advisors LLC,

	  	
as Collateral Manager,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ George Goudelias 

	  	
Name: George Goudelias

	  	
Title: Managing Director

 

 

  

  

  

 

 

	
EXISTING LENDERS:

	
Mountain View Funding CLO III Ltd.

	  	
By: Seix Investment Advisors LLC,

	  	
as Collateral Manager,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ George Goudelias 

	  	
Name: George Goudelias

	  	
Title: Managing Director

 

 

  

  

  

 

	
EXISTING LENDERS:

	
RidgeWorth Funds – Seix Floating Rate High Income Fund

	  	
By: Seix Investment Advisors LLC,

	  	
as Subadvisor,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ George Goudelias 

	  	
Name: George Goudelias

	  	
Title: Managing Director

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Rochdale Fixed Income Opportunities Portfolio

	  	
By: Seix Investment Advisors LLC,

	  	
as Subadvisor,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ George Goudelias 

	  	
Name: George Goudelias

	  	
Title: Managing Director

 

 

  

  

  

 

	
EXISTING LENDERS:

	
DNB Bank ASA, Grand Cayman Branch (former known as DnB NOR Bank ASA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Pål Boger 

	  	
Name: Pål Boger

	  	
Title: Vice President

	  	  
	 	 
	 	 
	  	
By: /s/ Kjell Tore Egge 

	  	
Name: Kjell Tore Egge

	  	
Title: Senior Vice President

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
HSBC Bank USA N.A.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Santiago Riviere 

	  	
Name: Santiago Riviere

	  	
Title: Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
CIBC Inc.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Dominic Sorresso 

	  	
Name: Dominic Sorresso

	  	
Title: Executive Director

	  	  
	 	 
	 	 
	  	
By: /s/ Michael Gewirtz 

	  	
Name: Michael Gewirtz

	  	
Title: Executive Director

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Sumitomo Mitsui Banking Corporation,

	  	
as a Lender

	 	 
	 	 
	  	
By: /s/ Shuji Yabe 

	  	
Name: Shuji Yabe

	  	
Title: Managing Director

 

 

  

  

  

	
EXISTING LENDERS:

	
CRÉDIT INDUSTRIEL ET COMMERCIAL,

	  	
as a Lender

	  	  
	 	 
	  	
By: /s/ Brian O’Leary 

	  	
Name: Brian O’Leary

	  	
Title: Managing Director

	 	 
	 	 
	  	
If a second signature is necessary:

	 	 
	 	 
	  	
By: /s/ Anthony Rock 

	  	
Name: Anthony Rock

	  	
Title: Managing Director

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Atlantic Capital Bank,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ J. Christopher Deisley 

	  	
Name: J. Christopher Deisley

	  	
Title: Senior Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
AgFirst Farm Credit Bank,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Matt Jeffords 

	  	
Name: Matt Jeffords

	  	
Title: Asst. Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
GreenStone Farm Credit Bank ACA/FLCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Jeff Pavlik

	  	
Name:  Jeff Pavlik

	  	
Title: Vice President

 

 

  

  

  

 

 

	
EXISTING LENDERS:

	
SunTrust Bank,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Baerbel Freudenthaler

	  	
Name:  Baerbel Freudenthaler

	  	
Title: Director

 

  

  

  

 

	
EXISTING LENDERS:

	
COBANK, ACB,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Michael Tousignant

	  	
Name:  Michael Tousignant

	  	
Title: .Vice President

 

  

  

  

 

	
EXISTING LENDERS:

	
The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Ravneet Mumick

	  	
Name:  Ravneet Mumick

	  	
Title: Director

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Venture VII CDO Limited.

	  	
as a Lender

	 	 
	  	
By: its investment advisor, MJX Asset Management, LLC

	  	  
	 	 
	 	 
	  	
By: /s/ John J. Wagner

	  	
Name:  John J. Wagner

	  	
Title: Portfolio Manager

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Venture V CDO Limited,

	  	
as a Lender

	 	 
	  	
By: its investment advisor, MJX Asset Management, LLC

	 	 
	 	 
	  	  
	  	
By: /s/ John J. Wagner

	  	
Name:  John J. Wagner

	  	
Title: Portfolio Manager

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Venture VI CDO Limited,

	  	
as a Lender

	 	 
	  	
By: its investment advisor, MJX Asset Management, LLC

	 	 
	 	 
	  	  
	  	
By: /s/ John J. Wagner

	  	
Name:  John J. Wagner

	  	
Title: Portfolio Manager

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Venture VIII CDO Limited,

	  	
as a Lender

	 	 
	  	
By: its investment advisor, MJX Asset Management, LLC

	 	 
	 	 
	  	  
	  	
By: /s/ John J. Wagner

	  	
Name:  John J. Wagner

	  	
Title: Portfolio Manager

 

  

  

  

 

	
EXISTING LENDERS:

	
Venture IX CDO Limited,

	  	
as a Lender

	 	 
	  	
By: its investment advisor, MJX Asset Management, LLC

	 	 
	 	 
	  	  
	  	
By: /s/ John J. Wagner

	  	
Name:  John J. Wagner

	  	
Title:Portfolio Manager

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
FARM CREDIT WEST, PCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Ben Madonna

	  	
Name:  Ben Madonna

	  	
Title: Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
TD BANK, N.A.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Todd Antico

	  	
Name:  Todd Antico

	  	
Title: Senior Vice President

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
BANK OF CHINA, NEW YORK BRANCH,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Haifeng Xu

	  	
Name:  Haifeng Xu

	  	
Title: Assistant General Manager

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Canadian Imperial Bank of Commerce,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Peter Rawlins

	  	
Name:  Peter Rawlins

	  	
Title: Executive Director

	 	 
	 	 
	  	
If a second signature is necessary:

	 	 
	 	 
	  	
By: /s/ Scott Curtis

	  	
Name:  Scott Curtis

	  	
Title: Managing Director

 

 

 

  

  

  

 

 

	
EXISTING LENDERS:

	
COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “Rabobank Nederland”, New York Branch,

	  	
as a Lender

	 	 
	 	 
	  	
By: /s/ Michael Harder

	  	
Name:  Michael Harder

	  	
Title: Executive Director

	 	 
	 	 
	  	
If a second signature is necessary:

	 	 
	 	 
	  	
By: /s/ Brett Delfino

	  	
Name:  Brett Delfino

	  	
Title: Executive Director

 

 

 

  

  

  

 

 

	
EXISTING LENDERS:

	
Farm Credit Bank of Texas,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Luis M. H. Requejo 

	  	
Name: Luis M. H. Requejo

	  	
Title: Director – Capital Markets

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Farm Credit Services of America, PCA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Bruce Dean 

	  	
Name: Bruce Dean

	  	
Title: Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Chatham Light II CLO, Limited, by Sankaty Advisors LLC, as Collateral Manager,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Andrew S. Viens 

	  	
Name: Andrew S. Viens

	  	
Title: Senior Vice President of Operations

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Nash Point CLO

	  	
By: Sankaty Advisors LLC,

	  	
 as Collateral Manager,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Andrew S. Viens 

	  	
Name: Andrew S. Viens

	  	
Title: Senior Vice President of Operations

 

 

  

  

  

	
EXISTING LENDERS:

	
Race Point III CLO

	  	
By: Sankaty Advisors LLC,

	  	
 as Collateral Manager,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Andrew S. Viens 

	  	
Name: Andrew S. Viens

	  	
Title: Senior Vice President of Operations

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Race Point IV CLO, Ltd

	  	
By: Sankaty Advisors LLC,

	  	
 as Collateral Manager,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Andrew S. Viens 

	  	
Name: Andrew S. Viens

	  	
Title: Senior Vice President of Operations

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Race Point V CLO, Ltd

	  	
By: Sankaty Advisors LLC,

	  	
 as Collateral Manager,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Andrew S. Viens 

	  	
Name: Andrew S. Viens

	  	
Title: Senior Vice President of Operations

 

 

  

  

  

 

	
EXISTING LENDERS:

	
The Bank of Nova Scotia,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Paula Czach 

	  	
Name: Paula Czach

	  	
Title: Managing Director and Execution Head

 

  

  

  

 

	
EXISTING LENDERS:

	
SCOTIABANC, INC.

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ J.F. Todd 

	  	
Name: J.F. Todd

	  	
Title: Managing Director

	 	 
	 	 
	  	
If a second signature is necessary:

	 	 
	 	 
	  	
By: /s/ H. Thind

	  	
Name: H. Thind

	  	
Title: Director

 

 

 

 

  

  

  

 

 

	
EXISTING LENDERS:

	
First Tennessee Bank National Association

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Jamie M. Swisher

	  	
Name: Jamie M. Swisher

	  	
Title: Vice President

	 	 
	 	 
	  	
If a second signature is necessary:

	 	 
	 	 
	  	
By: /s/ H. Thind

	  	
Name: H. Thind

	  	
Title: Director

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
US Bank, National Association,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Steven L. Sawyer

	  	
Name: Steven L. Sawyer

	  	
Title: Vice President

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
WELLS FARGO CAPITAL FINANCE

	  	
CORPORATION CANADA,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Raymond Eghobamien

	  	
Name: Raymond Eghobamien

	  	
Title: Vice President

 

 

 

  

  

  

 

 

	
EXISTING LENDERS:

	
RBS CITIZENS, N.A.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Donald A. Wright

	  	
Name: Donald A. Wright

	  	
Title: Senior Vice President

 

 

 

  

  

  

 

	
EXISTING LENDERS:

	
CITIBANK, N.A.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Jason Quinn

	  	
Name: Jason Quinn

	  	
Title: Vice President

 

 

  

  

  

 

	
EXISTING LENDERS:

	
Mizuho Corporate Bank, Ltd.,

	  	
as a Lender

	 	 
	  	  
	  	
By: /s/ Leon Mo

	  	
Name: Leon Mo

	  	
Title: Authorized Signatory

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
Wells Fargo Bank, National Association

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Karen H. McClain

	  	
Name:  Karen H. McClain

	  	
Title:  Managing Director

	  	  
	  	  
	
Term Loan A2 Commitment: $20,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
Bank of America, N.A.,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Mike Delaney

	  	
Name:  Mike Delaney

	  	
Title:  Director

	  	  
	  	  
	
Term Loan A2 Commitment: $20,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
JPMorgan Chase Bank, N.A.,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ John A. Horst

	  	
Name:  John A. Horst

	  	
Title: Credit Executive

	  	  
	  	  
	
Term Loan A2 Commitment: $20,000,000.00, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
CIBC Inc.,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Dominic Sorresso

	  	
Name:  Dominic Soresso

	  	
Title: Executive Director

	 	 
	 	 
	  	
If a second signature is necessary:

	 	 
	 	 
	  	
By: /s/ Michael Gewirtz

	  	
Name:  Michael Gerwirtz

	  	
Title:  Executive Director

	  	  
	
Term Loan A2 Commitment: $10,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
Royal Bank of Canada,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Jennifer Lee-You

	  	
Name:  Jennifer Lee-You

	  	
Title:  Attorney-In-Fact (NY)

	  	  
	  	  
	
Term Loan A2 Commitment: $15,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
Regions Bank,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Stephen Brothers

	  	
Name:  Stephen Brothers

	  	
Title:  Senior Vice President

	  	  
	  	  
	
Term Loan A2 Commitment: $10,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
KEYBANK NATIONAL ASSOCIATION,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Marcel Fournier

	  	
Name: Marcel Fournier

	  	
Title:  Vice President

	  	  
	  	  
	
Term Loan A2 Commitment: $15,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
Branch Banking and Trust Company,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Robert T. Barnaby

	  	
Name:  Robert T. Barnaby

	  	
Title:  Vice President

	  	  
	  	  
	
Term Loan A2 Commitment: $10,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
PNC Bank, National Association,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Jessica L. Fabrizi

	  	
Name:  Jessica L. Fabrizi

	  	
Title:  Assistant Vice President

	  	  
	  	  
	
Term Loan A2 Commitment: $15,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
First Niagara Bank, N.A.,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Troy M. Jones

	  	
Name:  Troy M. Jones

	  	
Title:  Assistant Vice President

	  	  
	  	  
	
Term Loan A2 Commitment: $2,000,000, or such lesser amount as the arranger shall allocate.

 

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
COOPERATIEVE CENTRALE RAIFFEISEN-BOERNENLEENBANK B.A., “Rabobank Nederland,” New York Branch,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Tamira Treffers-Herrera

	  	
Name:  Tamira Treffers-Herrera

	  	
Title:  Managing Director

	 	 
	 	 
	  	
If a second signature is necessary:

	 	 
	 	 
	  	
By: /s/ Brett Delfino

	  	
Name:  Brett Delfino

	  	
Title:  Executive Director

	  	  
	
Term Loan A2 Commitment: $15,000,000.00, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
SunTrust Bank,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Baerbel Freudenthaler

	  	
Name:  Baerbel Freudenthaler

	  	
Title: Director

	  	  
	  	  
	
Term Loan A2 Commitment: $15,000,000.00, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Ravneet Mumick

	  	
Name:  Ravneet Mumick

	  	
Title:  Director

	  	  
	  	  
	
Term Loan A2 Commitment: $10,000,000.00, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
TD Bank, N.A.,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Todd Antico

	  	
Name:  Todd Antico

	  	
Title: Senior Vice President

	  	  
	  	  
	
Term Loan A2 Commitment: $10,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
The Bank of Nova Scotia,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Paula Czach

	  	
Name:  Paula Czach

	  	
Title:  Managing Director and Execution Head

	  	  
	  	  
	
Term Loan A2 Commitment: US$10,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
RBS Citizens, N.A.,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Donald A. Wright

	  	
Name:  Donald A. Wright

	  	
Title:  Senior Vice President

	  	  
	  	  
	
Term Loan A2 Commitment: $5,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
Citibank, N.A.,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Jason Quinn

	  	
Name:  Jason Quinn

	  	
Title:  Executive Director

	  	  
	  	  
	
Term Loan A2 Commitment: $10,000,000, or such lesser amount as the arranger shall allocate.

 

 

  

  

  

 

	
TERM LOAN A2 LENDERS:

	
Mizuho Corporate Bank, Ltd.,

	  	
as a Term Loan A2 Lender

	 	 
	 	 
	  	
By: /s/ Leon Mo

	  	
Name:  Leon Mo

	  	
Title:  Authorized Signatory

	  	  
	  	  
	
Term Loan A2 Commitment: $15,000,000.00, or such lesser amount as the arranger shall allocate.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00197-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00197-of-00352.parquet"}]]