SUPPLEMENTAL AGREEMENT
Exhibit 10.29
SUPPLEMENTAL AGREEMENT
SUPPLEMENTAL AGREEMENT, dated as of February 6, 2014, made by HD SUPPLY HOLDINGS, LLC, a Florida limited liability company and HD SUPPLY FACILITIES MAINTENANCE, LTD., a Florida limited partnership (each, an Additional Pledgor), in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, as collateral agent (in such capacity, the Note Collateral Agent) for the Secured Parties (as defined in the Second Lien Collateral Agreement referred to below). All capitalized terms not defined herein shall have the meaning ascribed to them in the Second Lien Collateral Agreement referred to below.
W I T N E S S E T H :
WHEREAS, HD Supply, Inc., a Delaware corporation (the Company), the Subsidiary Guarantors from time to time party thereto, and Wilmington Trust, National Association, as indenture trustee (in such capacity, and together with any successors and assigns in such capacity, the Trustee) on behalf of the Holders (as defined in the Second Lien Indenture) and as Note Collateral Agent, are parties to a Second Lien Indenture, dated as of April 12, 2012 (as amended by that First Supplemental Indenture, dated as of April 12, 2012, and as the same may be further amended, amended and restated, waived, supplemented or otherwise, modified from time to time, the Second Lien Indenture);
WHEREAS, in connection with the Second Lien Indenture, the Company and certain of its Subsidiaries are, or are to become, parties to the Second Lien Collateral Agreement, dated as of April 12, 2012 (as amended, supplemented, waived or otherwise modified from time to time, the Second Lien Collateral Agreement), in favor of the Note Collateral Agent, for the benefit of the Secured Parties;
WHEREAS, the Second Lien Indenture requires each Additional Pledgor to become a Pledgor under the Second Lien Collateral Agreement with respect to Capital Stock of certain new Subsidiaries of each Additional Pledgor; and
WHEREAS, each Additional Pledgor has agreed to execute and deliver this Supplemental Agreement in order to become such a Pledgor under the Second Lien Collateral Agreement;
NOW, THEREFORE, IT IS AGREED:
1. Second Lien Collateral Agreement. By executing and delivering this Supplemental Agreement, each Additional Pledgor, as provided in subsection 9.15 of the Second Lien Collateral Agreement, hereby becomes a Pledgor under the Second Lien Collateral Agreement with respect to the shares of Capital Stock of the Subsidiary of each Additional Pledgor listed in Annex 1-A hereto, as a Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedule 2 to the Second Lien Collateral Agreement, and such Schedule 2 is hereby amended and modified to include such information.
2. GOVERNING LAW. THIS SUPPLEMENTAL AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR
Annex 3-1
RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.
Annex 3-2
IN WITNESS WHEREOF, the undersigned has caused this Supplemental Agreement to be duly executed and delivered as of the date first above written.
| HD SUPPLY HOLDINGS, LLC | ||
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| By: | /s/ Ricardo Nunez | |
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| Name: | Ricardo Nunez |
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| Title: | Vice President and Secretary |
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| HD SUPPLY FACILITIES MAINTENANCE, LTD. | ||
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| By: | /s/ Ricardo Nunez | |
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| Name: | Ricardo Nunez |
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| Title: | Vice President and Secretary |
[Signature Page to Supplemental Agreement (Second Lien Notes)]
Acknowledged and Agreed to as
of the date hereof by:
WILMINGTON TRUST, NATIONAL ASSOCIATION |
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as Note Collateral Agent |
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By: | /s/ Lynn M. Steiner |
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| Name: | Lynn M. Steiner |
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| Title: | Vice President |
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[Signature Page to Supplemental Agreement (Second Lien Notes)]
Annex 1-A to
Supplemental Agreement
Supplement to
Second Lien Collateral Agreement
Schedule 2
Pledged Stock
Pledgor |
| Issuer |
| Class of Stock |
| Par |
| Certificate |
| Number of Shares or |
| % of All Issued |
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HD Supply Holdings, LLC |
| Creative Touch Interiors, Inc. |
| Common (voting shares) |
| No par |
| 23 |
| 1000 |
| 100 | % |
HD Supply Facilities Maintenance, Ltd. |
| HD Supply FM Services, LLC |
| Units of membership interests |
| No par |
| N/A |
| 100 |
| 100 | % |
A-1