JOINDER AGREEMENT

Contract Categories: Business Finance - Joinder Agreements
EX-4.4 4 a14-9351_1ex4d4.htm EX-4.4

Exhibit 4.4

 

JOINDER AGREEMENT

 

THIS JOINDER AGREEMENT (this “Agreement”), dated as of April 4, 2014, is entered into between ARCHWAY SALES, LLC, a Delaware limited liability company (the “New Subsidiary”), and BANK OF AMERICA, N.A., as Agent (as defined), under that certain Credit Agreement dated as of March 9, 2011 (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among NEXEO SOLUTIONS, LLC, a Delaware limited liability company (the “Borrower”), NEXEO SOLUTIONS HOLDINGS LLC, a Delaware limited liability company (“Holdings”), NEXEO SOLUTIONS SUB HOLDING CORP., a Delaware corporation (“Sub Holdco”), certain Subsidiaries of the Borrower party thereto from time to time (each a “Subsidiary Grantor”), the Lenders party thereto from time to time, and BANK OF AMERICA, N.A, in its capacity as collateral agent for the Secured Parties (in such capacity, together with its successors in such capacity, the “Agent”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement. The New Subsidiary and the Agent, for the benefit of the Lenders, hereby agree as follows:

 

1.                                      The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the New Subsidiary will be deemed to be a Subsidiary Grantor under the Pledge and Security Agreement, dated as of March 31, 2011, among the Borrower, Holdings, Sub Holdco, and certain Subsidiaries of the Company from time to time party thereto, in favor of the Agent for the benefit of the Secured Parties (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”) for all purposes of the Security Agreement and shall have all of the obligations of a Subsidiary Grantor thereunder as if it had executed the Security Agreement, including without limitation the grant pursuant to Article II of the Security Agreement of a security interest to the Agent for the benefit of the Secured Parties in the property and property rights constituting Collateral (as defined in Article II of the Security Agreement) whether now owned by or owing to, or hereafter acquired by or arising in favor of, such Subsidiary Guarantor, to secure the prompt and complete payment and performance of all Secured Obligations, all with the same force and effect as if the New Subsidiary were a signatory to the Security Agreement.

 

2.                                      The New Subsidiary hereby agrees that each reference in the Security Agreement to a Subsidiary Grantor shall also mean and be a reference to the New Subsidiary.

 

3.                                      Attached to this Agreement are duly completed schedules and certain exhibits (the “Supplemental Schedules”) to the Security Agreement. The New Subsidiary represents and warrants that the information contained on each of the Supplemental Schedules with respect to the New Subsidiary and its properties and affairs is true, complete and accurate as of the date hereof.

 

4.                                      The New Subsidiary hereby waives acceptance by the Agent and the Lenders of this Agreement and acknowledges that the Secured Obligations are and shall be deemed to be incurred, and that credit extensions under the Credit Agreement, Cash Management Services, and Hedging Obligations are made and maintained in reliance on this Agreement and the New Subsidiary’s joinder as a party to the Security Agreement as herein provided.

 



 

5.                                      This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Agreement.

 

6.                                      THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

 

[Signature page follows]

 



 

IN WITNESS WHEREOF, the New Subsidiary has caused this Agreement to be duly executed by its authorized officer, and the Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written.

 

 

 

NEW SUBSIDIARY:

 

 

 

 

 

ARCHWAY SALES, LLC

 

 

 

By:

/s/ Ross Crane

 

Name:

Ross Crane

 

Title:

Executive Vice President, Chief

 

Financial Officer and Assistant Treasurer

 

[Signature Page to Joinder to TLB Security Agreement]

 



 

Acknowledged and accepted:

 

BANK OF AMERICA, N.A., as Agent

 

By:

/s/ Aamir Saleem

 

Name:

Aamir Saleem

 

Title:

Vice President

 

 

[Signature Page to Joinder to TLB Security Agreement]

 



 

SCHEDULE 1

 

Excluded Accounts

 

1. Payroll, employee benefits, trust or tax withholding accounts funded in the ordinary course of business

 

Owner

 

Bank Name

 

Type of Account

 

Account Number

Archway Sales, LLC

 

BMO Harris Bank

 

Operating

 

0048453

Archway Sales, LLC

 

BMO Harris Bank

 

Safe Deposit Box

 

1003143604306

Archway Sales, LLC

 

Commerce Bank

 

Operating

 

208056398

Archway Sales, LLC

 

Parkside Bank & Trust

 

Operating

 

8114255

 

2. Petty cash accounts funded in the ordinary course of business

 

None.

 

3. Designated Disbursement Accounts

 

None.

 

4. Foreign bank accounts

 

None.

 



 

EXHIBIT A

 

Type of Organization, Jurisdiction of Organization, Organizational Identification
Number, Federal Employer Identification Number, Chief Executive Office, Locations

 

I.                                        The corporate name, jurisdiction of organization, organizational identification number and federal employer identification number of the New Subsidiary is as follows:(1)

 

Grantor

 

Jurisdiction of
Organization

 

Organizational
Identification Number

 

Federal Employee
Identification Number

Archway Sales, LLC

 

DE

 

5509441

 

430907868

 

II.                                   The New Subsidiary’s mailing address and the location of its place of business (if it has only one) or its chief executive office (if it has more than one place of business), is as follows:

 

Grantor

 

Mailing Address

 

Chief Executive Office

Archway Sales, LLC

 

4155 Manchester Avenue St. Louis, MO 63110

 

4155 Manchester Avenue St. Louis, MO 63110

 


(1)  Pending completion of the acquisition and all conversions contemplated therein.

 



 

III.                              (a) Each location that is owned by the New Subsidiary where Collateral is located as of the date hereof (except for Inventory in transit) is as follows:

 

None.

 

(b) Each location that is leased by the New Subsidiary where Collateral is located as of the date hereof (except for Inventory in transit) is as follows:

 

Grantor

 

Leased Location

Archway Sales, LLC

 

3821 New Getwell, Memphis, TN 38118

 

 

4155 Manchester Avenue, St. Louis, MO 63110

 

 

4321 Chouteau Avenue, St. Louis, MO 63110

 

 

1325 Wiley Road, Suite 124, Schaumberg, IL 60173

 

 

565 Taxter Road, Elmsford, NY 10523

 

 

1745 Phoenix Boulevard, Atlanta, GA 30349

 

 

1828 Swift, North Kansas City, MO 64116

 

 

6615 Corporate Drive, Cincinnati, OH 45242

 

 

4128 Manchester Avenue, St. Louis, MO 63110

 

 

740 7th Street, Oakmont, PA 15139

 

(c) Each location where Collateral is held in a public warehouse or is otherwise held by a bailee or on consignment as of the date hereof (except for Inventory in transit) is as follows:

 

Location

 

Owner of Inventory

1356 Milledge St.
East Point, Georgia 30344

 

Archway Sales, LLC

 

 

 

266 Villanova Dr. SW
Atlanta, Georgia 30336

 

 

 

 

 

725 N. Baker Dr.
Itasca, Illinois 60143

 

 

 

 

 

2710 Regency Drive, Suite 100
Grand Prairie, Texas 75050

 

 

 

 

 

5470 Hecla Street
Detroit, Michigan 48208

 

 

 

 

 

1113 Aviation Blvd.
Hebron, Kentucky 41018

 

 

 



 

1020 Lockwood Drive
Houston, Texas 77020

 

 

 

 

 

1800 B Southern Avenue
Kansas City, Missouri 64116

 

 

 

 

 

13530 Rosecrans Ave.
Santa Fe Springs, California 90670

 

 

 

 

 

512 Southbridge Street
Worchester, Massachusetts 01610

 

 

 

 

 

Crystal Warehouse, 25 Industrial Way
Wilmington, Massachusetts 01887

 

 

 

 

 

W229N1492 Westwood Dr.
Waukesha, Wisconsin 53186

 

 

 

 

 

84-132 Lockwood Street
Newark, New Jersey 07105

 

 

 

 

 

41 Runway Road
Levittown, Pennsylvania 19057

 

 

 

 

 

4701 W. Jefferson St.
Phoenix, Arizona 85043

 

 

 

 

 

9601 Lilac Drive
St. Louis, Missouri 63137

 

 

 

 

 

2117 Charles Avenue
St. Paul, Minnesota 55114

 

 

 

 

 

101 Wayne Place
Tampa, Florida 33619

 

 

 

 

 

170 Pioneer Drive
Leominster, MA 01453

 

 

 

 

 

1301 S. Park Ave.
Linden, NJ 07036

 

 

 



 

EXHIBIT B

 

Bailees, Warehousemen and Third Party Possessors of Collateral

 

The following bailees, warehouseman and other third parties are in possession or control of Inventory of the New Subsidiary (except for Inventory in transit):

 

Name and
Address of
Party

 

Nature of Relationship

 

Value of Inventory

 

Owner of Inventory

 

 

 

 

 

 

 

1356 Milledge St.

East Point, Georgia 30344

 

Third-Party Logistics Provider

 

$

0

 

Archway Sales, LLC

 

 

 

 

 

 

 

266 Villanova Dr. SW

Atlanta, Georgia 30336

 

Third-Party Logistics Provider

 

$

1,326,204.55

 

Archway Sales, LLC

 

 

 

 

 

 

 

725 N. Baker Dr.

Itasca, Illinois 60143

 

Third-Party Logistics Provider

 

$

1,791,341.61

 

Archway Sales, LLC

 

 

 

 

 

 

 

2710 Regency Drive, Suite 100

Grand Prairie, Texas 75050

 

Third-Party Logistics Provider

 

$

624,600.34

 

Archway Sales, LLC

 

 

 

 

 

 

 

5470 Hecla Street

Detroit, Michigan 48208

 

Third-Party Logistics Provider

 

$

304,738.92

 

Archway Sales, LLC

 

 

 

 

 

 

 

1113 Aviation Blvd.

Hebron, Kentucky 41018

 

Third-Party Logistics Provider

 

$

300,235.96

 

Archway Sales, LLC

 



 

1020 Lockwood Drive

Houston, Texas 77020

 

Third-Party Logistics Provider

 

$

443,379.11

 

Archway Sales, LLC

 

 

 

 

 

 

 

1800 B Southern Avenue

Kansas City, Missouri 64116

 

Third-Party Logistics Provider

 

$

421,028.21

 

Archway Sales, LLC

 

 

 

 

 

 

 

13530 Rosecrans Ave.

Santa Fe Springs, California 90670

 

Third-Party Logistics Provider

 

$

421,872.61

 

Archway Sales, LLC

 

 

 

 

 

 

 

512 Southbridge Street

Worchester, Massachusetts 01610

 

Third-Party Logistics Provider

 

$

64,033.80

 

Archway Sales, LLC

 

 

 

 

 

 

 

Crystal Warehouse, 25 Industrial Way

Wilmington, Massachusetts 01887

 

Third-Party Logistics Provider

 

$

901,994.14

 

Archway Sales, LLC

 

 

 

 

 

 

 

W229N1492 Westwood Dr.

Waukesha, Wisconsin 53186

 

Third-Party Logistics Provider

 

$

47,754.88

 

Archway Sales, LLC

 

 

 

 

 

 

 

84-132 Lockwood Street

Newark, New Jersey 07105

 

Third-Party Logistics Provider

 

$

480,581.53

 

Archway Sales, LLC

 



 

41 Runway Road

Levittown, Pennsylvania 19057

 

Third-Party Logistics Provider

 

$

50,497.77

 

Archway Sales, LLC

 

 

 

 

 

 

 

4701 W. Jefferson St.

Phoenix, Arizona 85043

 

Third-Party Logistics Provider

 

$

145,695.97

 

Archway Sales, LLC

 

 

 

 

 

 

 

9601 Lilac Drive

St. Louis, Missouri 63137

 

Third-Party Logistics Provider

 

$

0

 

Archway Sales, LLC

 

 

 

 

 

 

 

2117 Charles Avenue

St. Paul, Minnesota 55114

 

Third-Party Logistics Provider

 

$

45,949.89

 

Archway Sales, LLC

 

 

 

 

 

 

 

101 Wayne Place

Tampa, Florida 33619

 

Third-Party Logistics Provider

 

$

40,657.74

 

Archway Sales, LLC

 

 

 

 

 

 

 

170 Pioneer Drive

 Leominster, MA 01453

 

Consignment

 

$

47,576.65

 

Archway Sales, LLC

 

 

 

 

 

 

 

1301 S. Park Ave.

Linden, NJ 07036

 

Public Warehouse

 

1,778,718.28

 

Archway Sales, LLC

 



 

EXHIBIT C

 

Letter-of-Credit Rights and Chattel Paper

 

None.

 



 

EXHIBIT D

 

United States Federal Intellectual Property Registrations and Applications

 

I.                                        Patents and Patent Applications:

 

None.

 

II.                                   Trademark Registrations and Applications:

 

None.

 

III.                              Copyright Registrations:

 

None.

 



 

EXHIBIT E

 

Commercial Tort Claims

 

None.

 



 

EXHIBIT F

 

Pledged Collateral

 

None.

 



 

EXHIBIT K

 

FCC Licenses

 

None.

 



 

EXHIBIT G

 

UCC Filing Offices

 

Grantor

 

UCC Filing Office

Archway Sales, LLC

 

Delaware