SEC Contract Filing

Filing Date: 2022-06-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>sncr-exhx104performancegua.htm
<DESCRIPTION>EX-10.4
<TEXT>
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<title>Document</title></head><body><div id="i5b6dbe23596f4d94bcf000008b1a0d85_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:117%">Exhibit 10.4</font></div><div style="margin-top:14pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:117%">Performance Guaranty</font></div><div style="margin-top:14pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">This Performance Guaranty (this </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Performance Guaranty&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">), dated as of April __, 2022, is made by Synchronoss Technologies, Inc., a Delaware corporation (together with its successors and permitted assigns, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Performance Guarantor&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">), in favor of Norddeutsche Landesbank Girozentrale (</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;NordLB&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">), as administrative agent under the Receivables Purchase Agreement defined below (together with its successors and assigns in such capacity, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Administrative Agent&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">), for the benefit of the Administrative Agent and the other Secured Parties under the Receivables Purchase Agreement (as defined below). Capitalized terms used but not otherwise defined herein have the respective meanings assigned thereto in, or by reference in, the Receivables Purchase Agreement.</font></div><div style="margin-top:18pt;text-align:center"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:117%">Preliminary Statements</font></div><div style="margin-top:14pt;text-align:justify"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">&#160;&#160;&#160;&#160;(1)&#160;&#160;&#160;&#160;Concurrently herewith, STI, as originator and SN Technologies, LLC, a Delaware limited liability company (the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Seller&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">), as purchaser, are entering into that certain U.S.&#160;Purchase and Sale Agreement dated as of the date hereof (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;US Purchase and Sale Agreement&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">). </font></div><div style="margin-top:14pt;text-align:justify"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">&#160;&#160;&#160;&#160;(2)&#160;&#160;&#160;&#160;Concurrently herewith, Synchronoss Software Ireland, Ltd., a company founded under the laws of Ireland</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:117%"> </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">(</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;SSI&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">), as an originator and the Seller, as purchaser, are entering into that certain Irish Purchase and Sale Agreement, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Irish Purchase Agreement&#8221; </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">and together with the U.S. Purchase Agreement, collectively, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Purchase Agreements&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">). From time to time after the date hereof and otherwise in connection with the terms of the Receivables Purchase Agreement (as hereinafter defined), the Seller may enter into