Exhibit A to Elizabeth Arden, Inc. Second Amended and Restated Credit Agreement Form of Promissory Note
EXHIBIT 10.10
Exhibit A Form of Promissory Note |
EXHIBIT A, Cover Page |
Exhibit A to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
NOTE |
||
[$___________] |
________________ __, 2002 |
For value received, XXXXXXXXX XXXXX, INC., a Florida corporation (the "Borrower"), promises to pay to the order of ________________________ (the "Bank"), for the account of its Applicable Lending Office, $[__________] or, if less, the aggregate unpaid principal amount of the Bank's Loans to Borrower then outstanding under the Credit Agreement referred to below on the date or dates provided for in the Credit Agreement. The Borrower promises to pay interest on the unpaid principal amount of each such Loan on the dates and at the rate or rates provided for in the Credit Agreement. All such payments of principal and interest shall be made in lawful money of the United States in Federal or other immediately available funds at the office of the Administrative Agent, unless otherwise directed by the Administrative Agent. |
All Loans made by the Bank, the respective maturities thereof and all repayments of the principal thereof shall be recorded by the Bank and, prior to any transfer hereof, appropriate notations to evidence the foregoing information with respect to each such loan then outstanding shall be endorsed by the Bank on a schedule attached hereto; provided that the failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the Credit Agreement. |
This note is one of the Notes referred to in the Second Amended and Restated Credit Agreement dated as of December 24, 2002 among Borrower, the banks listed on the signature pages thereof, and JPMorgan Chase Bank, as administrative agent and Fleet National Bank, as collateral agent (as the same may be amended from time to time, the "Credit Agreement"). Terms defined in the Credit Agreement are used herein with the same meanings. |
The Borrower hereby waives diligence, presentment, protest and notice of any kind whatsoever, other than notices expressly required by the Credit Agreement. |
Reference is made to the Credit Agreement for provisions for the prepayment hereof and the acceleration of the maturity hereof. |
This Note evidences indebtedness previously evidenced by one or more of the promissory notes executed and delivered under the Original Credit Agreement (the "Prior Notes"). This Note modifies in their respective entireties (to the extent of the indebtedness evidenced hereby) the Prior Notes, but does not extinguish the indebtedness evidenced thereby which is continued under the terms hereof. |
XXXXXXXXX XXXXX, INC. |
|||
By: |
________________________________________ |
||
Name: |
________________________________________ |
||
Title: |
________________________________________ |
NOTE, Page 2 |
Exhibit A to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Exhibit B |
EXHIBIT B, Cover Page |
Exhibit B to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
December 24, 2002 |
To each of the Banks party |
Ladies and Gentlemen: |
We have acted as counsel to Xxxxxxxxx Xxxxx, Inc. (the "Company"), a Florida corporation, FD Management, Inc. ("FD Management"), a Delaware corporation and wholly-owned subsidiary of the Company, DF Enterprises, Inc. ("DF Enterprises"), a Delaware corporation and wholly-owned subsidiary of the Company, and Xxxxxxxxx Xxxxx International Holding, Inc., formerly FFI International, Inc. ("International"; collectively with FD Management and DF Enterprises, the "Subsidiaries" and, the Subsidiaries, collectively with the Company, the "FFI Entities"), a Delaware corporation and wholly-owned subsidiary of the Company, in connection with the preparation, authorization, execution and delivery of, and the consummation of the transactions contemplated by, the Second Amended and Restated Credit Agreement (the "Agreement"), dated as of the date hereof, among the Company, as Borrower, the Banks named therein, JPMorgan Chase Bank, as Administrative Agent, Issuing Bank and Swingline Lender (the "Administrative Agent"), and Fleet National Bank, as Collateral Agent (the "Collateral Agent"). Capitalized terms defined in the Agreement and used (but not otherwise defined) herein are used herein as so defined. |
In so acting, we have examined originals or copies (certified or otherwise identified to our satisfaction) of the Agreement and such corporate records, agreements, documents and other instruments, and such certificates or comparable documents of public officials and of officers and representatives of the FFI Entities, and have made such inquiries of such officers and representatives, as we have deemed relevant and necessary as a basis for the opinions hereinafter set forth. |
In connection thereof, we have examined: |
(1) the Agreement and the Notes executed pursuant to the Agreement; |
(2) the Articles of Incorporation, or Certificate of Incorporation, as the case may be, of each FFI Entity (the "Articles"); |
(3) the Bylaws of each FFI Entity (collectively with the Articles, the "Governing Documents"); and |
(4) the Indentures. |
In such examination, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, conformed or photostatic copies and the authenticity of the originals of such latter documents. As to all questions of fact material to these opinions that have not been independently established, we have relied upon certificates or comparable documents of officers and representatives of the FFI Entities and upon the representations and warranties of the FFI Entities contained in the Agreement. As used herein, "to our knowledge" and "of which we are aware" mean the conscious awareness of facts or other information by any lawyer in our firm actively involved in the transactions contemplated by the Agreement. |
FORM OF BORROWER'S COUNSEL'S LEGAL OPINION, Page 4 |
Exhibit B to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Based on the foregoing, and subject to the qualifications stated herein, we are of the opinion that: |
(1) The Company is a corporation validly existing under the laws of the State of Florida and its status is active. Based solely upon a review of good standing certificates issued by the Secretary of State of the States of Connecticut, New York, New Jersey and Pennsylvania (the "Foreign Jurisdictions"), the Company is in good standing and qualified to do business as a foreign corporation in the Foreign Jurisdictions. The Company has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted. |
(2) Each of the Subsidiaries is a corporation validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted. |
(3) Each of the FFI Entities has all requisite corporate power and authority to execute and deliver the Agreement and the Notes to which it is a party and to perform its obligations thereunder. The execution, delivery and performance of the Agreement and the Notes by each of the FFI Entities party thereto have been duly authorized by all necessary corporate action on the part of each such FFI Entity. The Agreement and each Note have been duly and validly executed and delivered by each of the FFI Entities party thereto and (assuming the due authorization, execution and delivery thereof by the other parties thereto) constitute the legal, valid and binding obligations of the FFI Entities party thereto, enforceable against them in accordance with their terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors' rights and commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity) and except that (A) rights to indemnification and contribution thereunder may be limited by federal or state securities laws or public policy relating thereto, and (B) no opinion is expressed with respect to Section 9.04(a) of the Agreement relating to sharing of set-offs. |
(4) The execution and delivery by each of the FFI Entities of the Agreement and the Notes to which it is a party and the performance by each such FFI Entity of its obligations thereunder (a) will not conflict with, constitute a default under or violate (i) any of the terms, conditions or provisions of the Governing Documents of such FFI Entity, (ii) any of the terms, conditions or provisions of the Indentures, the Company's 8.5% Subordinated Debentures or any other material document, agreement, contract or instrument to which any of the FFI Entities is a party or by which any of the FFI Entities is bound of which we are aware, (iii) any New York, Florida, Delaware corporate or federal law or regulation (other than federal and state securities or blue sky laws, as to which we express no opinion) or (iv) any judgment, writ, injunction, decree, order or ruling of any court or governmental authority binding on such FFI Entity of which we are aware; and (b) do not require the consent of the holders of the Senior Notes under the Indentures. |
(5) No consent, approval, waiver, license or authorization or other action by or filing with any New York, Florida, Delaware corporate or federal governmental authority is required in connection with the execution and delivery by any FFI Entity of the Agreement or the Notes to which it is a party, the consummation by such FFI Entity of the transactions contemplated thereby or the performance by such FFI Entity of its obligations thereunder, except for (a) such consents, approvals, waivers, licenses or authorizations or other actions the failure of which to obtain or make would not have a reasonable likelihood of restraining, preventing or imposing materially burdensome conditions on any of the Financing Transactions, (b) such as have been made or obtained, and (c) federal and state securities or blue sky laws, as to which we express no opinion in this paragraph. |
(6) To our knowledge, there is no litigation, proceeding or governmental investigation pending or overtly threatened against any FFI Entity that relates to any of the transactions contemplated by the Agreement. |
FORM OF BORROWER'S COUNSEL'S LEGAL OPINION, Page 2 |
Exhibit B to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
The opinions expressed herein are limited to the laws of the State of Florida, the laws of the State of New York, the corporate laws of the State of Delaware and the federal laws of the United States, and we express no opinion as to the effect on the matters covered by this letter of the laws of any other jurisdiction. |
The opinions expressed herein are rendered solely for your benefit in connection with the transactions described herein. Those opinions may not be used or relied upon by any other person, nor may this letter or any copies thereof be furnished to a third party, filed with a governmental agency, quoted, cited or otherwise referred to without our prior written consent. |
Very truly yours, |
FORM OF BORROWER'S COUNSEL'S LEGAL OPINION, Page 3 |
Exhibit B to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
EXHIBIT C
|
Exhibit C |
Exhibit C to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
Borrowing Base Certificate |
|
Previously Faxed: Yes No (circle one) |
|
Company Name: XXXXXXXXX XXXXX, INC. |
As of [ ENTER DATE] |
Accounts Receivable |
1. |
Total Accounts Receivable per attached aging |
$________ |
||||
2. |
Less: Ineligible Accounts Receivables of Borrower |
|||||
Consignment or similar sales |
$________________ |
|||||
Evidenced by chattel paper or note |
$________________ |
|||||
Insolvent or bankrupt account debtor |
$________________ |
|||||
Foreign account debtor |
$________________ |
|||||
In controversy |
$________________ |
|||||
Not subject to the Collateral Agent's lien |
$________________ |
|||||
Subject to other liens |
$________________ |
|||||
120 days past invoice |
$________________ |
|||||
Government accounts |
$________________ |
|||||
Affiliate or related party |
$________________ |
|||||
50% Cross Aging Exclusion |
$________________ |
|||||
Not payable in Dollars |
$________________ |
|||||
Accounts excluded by Administrative Agent |
$________________ |
|||||
Amount of Contra Accounts and other offsets |
$________________ |
|||||
15% concentration exclusion |
$________________ |
|||||
3. |
Total Ineligibles |
($_________) |
||||
Eligible Accounts Receivable (line 1 minus line 3) |
$__________ |
|||||
5. |
Accounts Receivable Advance Rate |
85% |
||||
6. |
Accounts Receivable Availability (Line 4 x Line 5) |
(A) |
$ |
|||
========= |
Exhibit C to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
Finished Goods Inventory; Packaged |
||||||||
1. |
Cost of total packaged finished goods |
$__________ |
||||||
2. |
minus ZUG Allocation |
$(_________) |
||||||
3. |
Total (1 minus 2) |
$__________ |
||||||
4. |
Net liquidation value as a percentage of gross |
__________% |
||||||
5. |
Net liquidation value (line 3 x line 4) |
$__________ |
||||||
6. |
85% of net liquidation value (.85 x line 5) |
(B) |
$ |
|||||
========= |
||||||||
Finished Goods Inventory; Un-packaged |
||||||||
1. |
Cost of total un-packaged finished goods |
$__________ |
||||||
2. |
minus ZUG Allocation |
$(_________) |
||||||
3. |
Total (1 minus 2) |
$__________ |
||||||
4. |
Net liquidation value as a percentage of gross |
__________% |
||||||
5. |
Net liquidation value (line 3 x line 4) |
$__________ |
||||||
6. |
85% of net liquidation value (.85 x line 5) |
(C) |
$ |
|||||
========= |
||||||||
Raw Material Inventory |
||||||||
1. |
Cost of raw material and work-in- process |
$__________ |
||||||
2. |
minus ZUG Allocation |
$(_________) |
||||||
3. |
Total (1 minus 2) |
$__________ |
||||||
4. |
Net liquidation value as a percentage of gross |
__________% |
||||||
5. |
Net liquidation value (line 3 x line 4) |
$__________ |
||||||
6. |
85% of net liquidation value (.85 x line 5) |
(D) |
$ |
|||||
========= |
Exhibit C to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
Gift Inventory |
|||||
1. |
Cost of gift inventory consisting of gifts to be given |
$__________ |
|||
2. |
minus ZUG Allocation |
$(_________) |
|||
3. |
Total (1 minus 2) |
$__________ |
|||
4. |
Net liquidation value as a percentage of gross |
__________% |
|||
5. |
Net liquidation value (line 3 x line 4) |
$__________ |
|||
6. |
85% of net liquidation value (.85 x line 5) |
$__________ |
|||
7. |
Lesser of line 4 or $500,000 |
(E) |
$ |
||
Exhibit C to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
AVAILABLE COLLATERAL SUMMARY |
||||
A/R Availability (A): |
$__________ |
|||
Plus: Inventory Availability (B+C+D+E) |
$__________ |
|||
Plus: TEMPORARY INCREASE $25,000,000 |
$__________ |
|||
Plus: Cash collateral pledged |
$__________ |
|||
Less: Availability Reserves: |
$(_________) |
|||
BORROWING BASE: |
$__________ |
|||
TOTAL AVAILABILITY (Lesser of Commitment or Borrowing Base) |
$__________ |
|||
Committed EXPOSURE: |
||||
Swingline Loans |
$__________ |
|||
Other Loans |
$__________ |
|||
Letter of Credit Exposure |
$__________ |
|||
Other Obligations |
$__________ |
|||
TOTAL |
$(_________) |
|||
BORROWING AVAILABILITY (Total Availability--Committed Exposure): |
$ |
|||
========= |
This Borrowing Base Certificate is delivered by the undersigned to JPMorgan Chase Bank, N.A. in its capacity as Administrative Agent (the "Agent") pursuant to that certain Second Amended and Restated Credit Agreement dated as of December 24, 2002 (as amended, the "Agreement") among the undersigned, the Agent, Fleet National Bank as collateral agent and certain other parties named therein. Terms defined by the Agreement are incorporated herein by reference where applicable. The undersigned represents and certifies that this Borrowing Base Certificate is true and correct in every respect and that all existing Accounts and Inventory, referenced above for inclusion in the Borrowing Base, represent Eligible Accounts Receivables and Inventory of the type described in accordance with the definitions set forth in the Agreement. The undersigned warrants that all collections received or credits allowed on Accounts reported on previous Borrowing Base Certificates have been duly and regularly entered to the credit of the respective account debtors on the books and records of the undersigned and that all collections have been remitted and that all credits have been reported to date to the Administrative Agent as required by the Agreement. In the event of any conflict between the terms of this Borrowing Base Certificate and the Agreement, the terms of the Agreement shall control. |
XXXXXXXXX XXXXX, INC. |
|||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
Exhibit C to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
Exhibit D |
EXHIBIT D, Cover Page |
Exhibit D to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
CONSENT SUBORDINATION AGREEMENT |
This Consent and Subordination Agreement, entered into as of the ___ day of ___________, 200_ by and among FLEET NATIONAL BANK, a national banking association, as Collateral Agent ("Agent"), and XXXXXXXXX XXXXX, INC., a Florida corporation ("Borrower"), and _________________, a [_______________] ("Third Party"). |
WHEREAS, Borrower has or may hereafter deliver items which constitute part of their inventory to premises owned or occupied by Third Party at ______________________________, _______, _______ (the "Premises"); |
WHEREAS, Banks (as defined in that certain Second Amended and Restated Credit Agreement dated December 24, 2002 by and among the Borrower, JPMorgan Chase Bank, as Administrative Agent, the Agent and the Banks party thereto have provided to Borrower certain financial accommodations and as security for such accommodations Borrower and certain of its subsidiaries have previously granted Agent, a security interest in certain collateral including, without limitation, the inventory owned by the 7Borrower and certain of its subsidiaries and located on the Premises (the "Collateral"); |
NOW THEREFORE, for good and valuable consideration, the parties hereby agree as follows: |
1. Third Party subordinates to Agent each and every right which Third Party now has or may hereafter have under the laws of the State of _______________ or any other state to obtain a lien on, set off against or to claim or assert title to any of the Collateral. |
2. Third Party acknowledges that any claim or claims that the Agent has or may hereafter have against the Collateral by virtue of its security interest is superior to any lien or claim of any nature which Third Party now has or may hereafter have to the Collateral whether by statute, agreement or otherwise whether or not Agent has executed and timely filed financing statements evidencing its security interests in the Collateral. |
3. Third Party agrees to keep the Collateral segregated (to the extent possible) from all of its property and property belonging to others. In the event the Collateral is co-mingled with other items of inventory, Third Party agrees to maintain the integrity of Collateral so as to be able, at all times, to identify and retrieve the Collateral. |
4. At any time in accordance with the terms of any agreement evidencing any indebtedness, obligation or liability of Borrower to any of the Banks or their assigns, Agent may remove the Collateral from the Premises upon prior notice to Third Party, whenever Agent determines it is necessary or desirable to do so to protect their interests and without liability or accountability to Third Party therefore, except that Agent shall repair in a workmanlike manner at Bank's expense any damage caused to the Premises by the removal of the Collateral. Third Party agrees to grant Agent the right of entry at any reasonable time to remove the Collateral from their Premises. |
5. Banks may, without affecting the validity of this Consent, extend the terms of payment of any indebtedness of Borrower to any of the Banks or alter the performance of any of the terms and conditions of Borrower's obligations to the Banks, without the consent of Third Party and without giving notice thereof to Third Party. |
CONSENT SUBORDINATION AGREEMENT, Page 1 |
Exhibit D to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
6. Third Party agrees to give prior notice to Agent in the event Third Party intends to sell or transfer the Premises. |
7. All notices, request, demands and other communications provided for hereunder shall be in writing, including facsimile transmission ("FAX") and mailed or delivered by overnight courier, or transmitted by FAX confirmed in writing mailed to the addressee, to the applicable party at the addresses indicated below: |
If to Third Party: |
_____________________________ |
If to Borrower: |
Xxxxxxxxx Xxxxx, Inc. |
If to Agent, as collateral agent: |
Fleet National Bank |
With a copy to:: |
JPMorgan Chase Bank |
or, as to each party, at such other address as shall be designated by such parties in a written notice to the other parties complying as to delivery with the terms of this Section. All such notices, requests, demands and other communication shall be deemed given upon the earlier to occur of (a) the third day following deposit thereof in the United States mail, (b) twelve noon local time on the first business day following timely deposit thereof with an overnight courier services or (c) receipt by the party to whom such notice is directed. |
CONSENT SUBORDINATION AGREEMENT, Page 2 |
Exhibit D to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
8. This Agreement shall inure to the benefit of, and be binding upon, the successors and assigns of each of the parties. |
IN WITNESS WHEREOF, the parties hereto, through their duly authorized representatives, have executed this Consent as of the day and year first above written. |
THIRD PARTY: |
|||
_____________________________________________ |
|||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
BORROWER: |
|||
XXXXXXXXX XXXXX, INC. |
|||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
FLEET NATIONAL BANK, as collateral agent |
|||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
CONSENT SUBORDINATION AGREEMENT, Page 3 |
Exhibit D to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
EXHIBIT E Form of Compliance Certificate |
Exhibit E to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
COMPLIANCE CERTIFICATE |
||||
Reference is made to the certain Second Amended and Restated Credit Agreement dated as of December 24, 2002, among Xxxxxxxxx Xxxxx, Inc. ("Borrower"), JPMorgan Chase Bank (now JPMorgan Chase Bank, N.A.), as Administrative Agent for the Banks as provided therein ("Administrative Agent"), and each of the Banks from time to time party thereto (as such agreement may be amended or otherwise modified from time to time, the "Credit Agreement"). Unless otherwise defined herein, capitalized terms used this Compliance Certificate that are defined in the Credit Agreement, wherever used herein, shall have the same meanings as are prescribed by the Credit Agreement. In the event of any conflict between the terms of this Compliance Certificate and the Credit Agreement, the Credit Agreement shall control. The undersigned, duly appointed and acting authorized signatory of the Borrower, being duly authorized, hereby delivers this Compliance Certificate to Administrative Agent pursuant to Section 5.01 of the Credit Agreement. |
||||
1. |
Borrower hereby delivers to Administrative Agent (check as applicable): |
|||
[__] |
Copies of the audited financial statements required by Section 5.01(a) for Borrower's fiscal year ending on the Effective Date. |
|||
[__] |
Copies of the financial statements required by Section 5.01(e) for the month end corresponding to the end of the Borrower's fiscal quarter ending on the Effective Date. |
|||
Such financial statements are complete and correct in all material respects and have been prepared in accordance with the requirements of the Credit Agreement. |
||||
2. |
Exhibit "A" attached hereto sets forth the calculation of the Debt Service Pricing Ratio and the corresponding percentages for the Applicable Margin and Applicable Letter of Credit Fee. |
|||
3. |
Exhibit "B" attached hereto sets forth the status of compliance with the covenant contained in Section 5.19 ("Minimum Quarterly Consolidated Debt Service Coverage Ratio"), as of the Effective Date, calculated for the applicable period as required by the Credit Agreement. |
|||
4. |
The undersigned hereby states that (check as applicable): |
|||
[__] |
No Default exists as of the Delivery Date. |
|||
[__] |
One or more Defaults have occurred or exist as of the Delivery Date. Included within Exhibit "C" attached hereto is a written description specifying each such Default or Event of Default, its nature, when it occurred, whether it is continuing as of the date hereof, and the steps being taken by the Borrower with respect thereto. Except as so specified, no Default exists as of the Delivery Date. |
|||
5. |
The undersigned hereby states that all Material Subsidiaries that are required to be Guarantors by the terms of the Credit Agreement are Guarantors under the Guarantee Agreement. |
|||
Executed and delivered by the undersigned on ___________, 20___ (the "Delivery Date"). |
XXXXXXXXX XXXXX, INC. |
|||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
Exhibit E to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
EXHIBIT "A" The following is attached to and made a part of the above referenced Compliance Certificate: |
|||||||||
Cash Flow |
|||||||||
(a) |
Consolidated EBITDA |
$ |
________ |
||||||
(b) |
Capital Expenditures which were not |
$ |
________ |
||||||
(c) |
Cash taxes |
$ |
________ |
||||||
(d) |
Sum of (a) - (b) - (c) |
$ |
________ |
||||||
Modified Debt Service |
|||||||||
(e) |
Consolidated Net Interest Expense |
$ |
________ |
||||||
(f) |
Regularly scheduled principal payments in |
$ |
________ |
||||||
(g) |
all cash dividends paid on stock |
||||||||
(h) |
Sum of (e) + (f) + (g) |
$ |
________ |
||||||
Debt Service Pricing Ratio = (d) / (h) = ____ to 1.0 |
Tier |
Debt Service Pricing Ratio |
LIBOR Loans |
Base Rate Loans |
|||||
I |
Greater than 4.00:1.00 |
100.0 |
0.0 |
|||||
II |
Less than or equal to 4.00:1.0 but |
125.0 |
0.0 |
|||||
III |
Less than or equal to 3.00:1.00 but |
150.0 |
0.0 |
|||||
IV |
Less than or equal to 2.00:1.00 |
175.0 |
0.0 |
|||||
Based on the foregoing table: |
||||||||
(i) |
Applicable Margin for LIBOR Loans |
_____(bps) |
||||||
(ii) |
Applicable Letter of Credit Fee: |
_____(bps) |
Exhibit E to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
EXHIBIT "B" |
The following is attached to and made a part of the above referenced Compliance Certificate: |
||
1. |
Average Borrowing Base Capacity determination. |
|
As of the Effective Date, is the Average Borrowing Base Capacity as calculated for the 30 day period then ended (as detailed on an attached schedule) equal to or less than (i) $25,000,000 as of any fiscal quarter ended during the period from and including June 1 to and including November 30 or (ii) $40,000,000 as of any fiscal quarter ended during the period from and including December 1 to and including May 31. Yes_______ No _______ |
||
If yes, Borrower must be in compliance with the Minimum Quarterly Debt Coverage Ratio below. |
||
2. |
Section 5.19 ("Minimum Debt Coverage Ratio"). |
|
The ratio of Cash Flow to Debt Service, calculated as of the Effective Date for the twelve month period ending on such date was ___ to 1.0 (as set forth below). |
Cash Flow |
|||||||
(a) |
Consolidated EBITDA |
$ |
_________ |
||||
(b) |
Capital Expenditures which were not financed |
$ |
_________ |
||||
(c) |
Cash taxes |
$ |
_________ |
||||
(d) |
Sum of (a) - (b) - (c) |
$ |
_________ |
||||
Debt Service |
|||||||
(e) |
Interest Expense |
$ |
_________ |
||||
(f) |
Regularly scheduled principal payments in |
$ |
_________ |
||||
(g) |
Dividends |
$ |
_________ |
||||
(h) |
Sum of (e) + (f) + (g) |
$ |
_________ |
||||
Debt Service Ratio = (d) / (h) = ____ to 1.0 |
|||||||
Credit Agreement requires that it be not less than 1.10 to 1.0. |
|||||||
Compliance? |
Yes [ ] |
No [ ] |
Exhibit E to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
EXHIBIT "C" |
Defaults |
||||
The following is attached to and made a part of the foregoing Compliance Certificate: |
||||
1. |
As of the Delivery Date, each of the following instances of a Default has occurred (describe): |
|||
2. |
Applicable Section(s) of Credit Agreement: |
|||
3. |
Date of first occurrence: |
|||
4. |
Check as applicable: The above referenced Default(s) |
|||
[__] |
continue(s) in existence on the Delivery Date |
|||
[__] |
do/does not continue to exist on the Delivery Date |
|||
5. |
The following steps have been and are being taken with respect to the foregoing. |
Exhibit E to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Sixth Amendment dated as of August 15, 2007. |
Exhibit F |
EXHIBIT F, Cover Page |
Exhibit F to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
ASSIGNMENT AND ASSUMPTION |
This Assignment and Assumption (the "Assignment and Assumption") is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the "Assignor") and [Insert name of Assignee] (the "Assignee"). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the "Credit Agreement"), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. |
For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor's rights and obligations in its capacity as a Bank under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit, guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Bank) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the "Assigned Interest"). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. |
1. |
Assignor: |
_______________________________________________________ |
2. |
Assignee: |
_______________________________________________________ |
[and is an Affiliate/Approved Fund of [identify Bank] (1) |
||
3. |
Borrower: |
Xxxxxxxxx Xxxxx, Inc., a Florida corporation |
4. |
Administrative Agent: |
JPMorgan Chase Bank, as the administrative agent under the Credit Agreement |
5. |
Credit Agreement: |
Second Amended and Restated Credit Agreement dated as of December 24, 2002 among Borrower, the Banks parties thereto, as Administrative Agent, and the other agents parties thereto |
(1) Select as applicable. |
ASSIGNMENT AND ASSUMPTION AGREEMENT, Page 1 |
Exhibit F to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
6. |
Assigned Interest: |
__________________________________________________________ |
||
Aggregate Amount of |
Amount of |
Percentage |
||
$ |
$ |
% |
||
Effective Date: _____________ __, 20__ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] |
The terms set forth in this Assignment and Assumption are hereby agreed to: |
ASSIGNOR |
|||
[NAME OF ASSIGNOR] |
|||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
ASSIGNEE |
|||
[NAME OF ASSIGNEE] |
|||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
[Consented to and] (3) Accepted: |
|||
JPMorgan Chase Bank, as |
|||
By: |
________________________________ |
||
Name: |
________________________________ |
||
Title: |
________________________________ |
(2) Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. |
ASSIGNMENT AND ASSUMPTION AGREEMENT, Page 2 |
Exhibit F to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
[Consented to:] (4) |
|||
XXXXXXXXX XXXXX, INC. |
|||
By: |
________________________________ |
||
Name: |
________________________________ |
||
Title: |
________________________________ |
(4) To be added only if the consent of the Borrower and/or other parties (e.g. Swingline Lender, Issuing Bank) is required by the terms of the Credit Agreement. |
ASSIGNMENT AND ASSUMPTION AGREEMENT, Page 3 |
Exhibit F to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
ANNEX 1 (1) STANDARD TERMS AND CONDITIONS FOR |
1. Representations and Warranties. |
1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document (2), (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. |
1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Bank under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Bank, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Bank thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Bank thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant thereto and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Bank, and (v) if it is a Foreign Bank (3), attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Bank. |
2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. |
(1) Describe Credit Agreement at option of Administrative Agent. |
ANNEX 1 to Assignment and Assumption Agreement, Page 1 |
Exhibit F to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York. |
ASSIGNMENT AND ASSUMPTION AGREEMENT, Page 2 |
Exhibit F to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Exhibit G to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Fourth Amendment dated as of November 2, 2005. |
INCREASED COMMITMENT SUPPLEMENT |
This INCREASED COMMITMENT SUPPLEMENT (this "Supplement") is dated as of ____________, ___ and entered into by and among XXXXXXXXX XXXXX, INC., a Florida corporation (the "Borrower"), each of the banks or other lending institutions which is a signatory hereto (the "Banks"), JPMORGAN CHASE BANK, N.A., as Administrative Agent for itself and certain other banks (in such capacity, together with its successors in such capacity, the "Administrative Agent"), and is made with reference to that certain Second Amended and Restated Credit Agreement dated as of December 24, 2002 (as amended, the "Credit Agreement"), by and among the Company, certain Banks and the Administrative Agent. Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Credit Agreement. |
RECITALS |
WHEREAS, pursuant to Section 2.18 of the Credit Agreement, the Borrower and the Banks are entering into this Increased Commitment Supplement to provide for the increase of the aggregate Commitments; |
WHEREAS, each Bank [party hereto and already a party to the Credit Agreement] wishes to increase its Commitment [, and each Bank, to the extent not already a Bank party to the Credit Agreement (herein a "New Bank"), wishes to become a Bank party to the Credit Agreement]; (1) |
WHEREAS, the Banks are willing to agree to supplement the Credit Agreement in the manner provided herein. |
NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: |
Section 1. Increase in Commitments. Subject to the terms and conditions hereof, each Bank severally agrees that its Commitment shall be increased to [or in the case of a New Bank, shall be] the amount set forth opposite its name on the signature pages hereof. |
Section 2. [New Banks. Each New Bank (i) confirms that it has received a copy of the Credit Agreement, together with copies of the most recent financial statements of the Borrower delivered under Section 5.01 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Supplement; (ii) agrees that it has, independently and without reliance upon the Administrative Agent, any other Bank or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Supplement; (iii) agrees that it will, independently and without reliance upon the Administrative Agent, any other Bank or any of their Related Parties and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iv) appoints and authorizes the Administrative Agent to take such action as Administrative Agent on its behalf and to exercise such powers and discretion under the Credit Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto; and (v) agrees that it is a "Bank" under the Credit Agreement and will perform in accordance with their terms all of the obligations that by the terms of the Credit Agreement are required to be performed by it as a Bank. |
(1) Bracketed alternatives should be included if there are New Banks. |
Exhibit G to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Fourth Amendment dated as of November 2, 2005. |
Section 3. Conditions to Effectiveness. Section 1 of this Supplement shall become effective only upon the satisfaction of the following conditions precedent: |
(a) receipt by the Administrative Agent of certified copies of all corporate action taken by the Borrower to authorize the execution, delivery and performance of this Supplement; and |
(b) receipt by the Administrative Agent of a certificate of the Secretary or an Assistant Secretary of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Supplement and the other documents to be delivered hereunder. |
Section 4. Representations and Warranties. In order to induce the Banks to enter into this Supplement and to supplement the Credit Agreement in the manner provided herein, Borrower represents and warrants to Administrative Agent and each Bank that (a) the representations and warranties of the Borrower and the Guarantors contained in the Loan Documents (including this Supplement as a Loan Document) are and will be true, correct and complete in all material respects on and as of the effective date hereof to the same extent as though made on and as of that date and for that purpose, except for such representations and warranties limited by their terms to a specific date and (b) no event has occurred and is continuing or will result from the consummation of the transactions contemplated by this Supplement that would constitute a Default. |
Section 5. Effect of Supplement. This Supplement constitutes a Loan Document. The terms and provisions set forth in this Supplement shall modify and supersede all inconsistent terms and provisions set forth in the Credit Agreement and except as expressly modified and superseded by this Supplement, the terms and provisions of the Credit Agreement and the other Loan Documents are ratified and confirmed and shall continue in full force and effect. The Borrower, the Administrative Agent, and the Banks party hereto agree that the Credit Agreement as supplemented hereby and the other Loan Documents shall continue to be legal, valid, binding and enforceable in accordance with their respective terms. Any and all agreements, documents, or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Credit Agreement as supplemented hereby, are hereby amended so that any reference in such documents to the Agreement shall mean a reference to the Agreement as supplemented hereby. |
Section 6. Applicable Law. This Supplement shall be governed by and construed in accordance with the laws of the State of New York other than those conflict of law provisions that would defer to the substantive laws of another jurisdiction. This governing law election has been made by the parties in reliance (at least in part) on Section 5-1401 of the General Obligations Law of the State of New York, as amended (as and to the extent applicable), and other applicable law. |
Section 7. Counterparts, Effectiveness. This Supplement may be executed in any number of counterparts, by different parties hereto in separate counterparts and on telecopy counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. This Supplement (other than the provisions of Section 1 hereof, the effectiveness of which is governed by Section 3 hereof) shall become effective upon the execution of a counterpart hereof by the Borrower, the Banks and receipt by the Borrower and the Administrative Agent of written or telephonic notification of such execution and authorization of delivery thereof. |
Exhibit G to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Fourth Amendment dated as of November 2, 2005. |
Section 8. ENTIRE AGREEMENT. THIS SUPPLEMENT EMBODIES THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY AND ALL PREVIOUS COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER ORAL OR WRITTEN, RELATING TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES HERETO. |
IN WITNESS WHEREOF, the parties hereto have caused this Supplement to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. |
XXXXXXXXX XXXXX, INC. |
|||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
New Total Commitment: |
JPMORGAN CHASE BANK, N.A., as the |
||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
$___________________ |
[BANK] |
||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
$___________________ |
[NEW BANK] |
||
By: |
_____________________________________ |
||
Name: |
_____________________________________ |
||
Title: |
_____________________________________ |
Exhibit G to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Fourth Amendment dated as of November 2, 2005. |
SCHEDULE 1.01 |
Commitments |
Name of Bank |
Commitments |
Applicable |
JPMorgan Chase Bank, N.A. |
$ 79,687,500.00 |
24.519% |
Bank of America, N.A. |
70,312,500.00 |
21.635% |
Wachovia Bank, National Association |
43,750,000.00 |
13.462% |
The CIT Group/Business Credit, Inc. |
25,000,000.00 |
7.692% |
U. S. Bank Business Credit |
25,000,000.00 |
7.692% |
National City Business Credit, Inc. |
18,750,000.00 |
5.769% |
Credit Suisse |
12,500,000.00 |
3.846% |
HSBC Business Credit (USA), Inc. |
30,000,000.00 |
9.231% |
HSBC Bank plc |
20,000,000.00 |
6.154% |
TOTAL |
$325,000,000.00 |
100.000% |
SCHEDULE 2.6 - Solo Page |
Schedule 1.01 to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Eighth Amendment dated as of July 21, 2008. |
Schedule 1.01(a) (As of December 16, 2002) |
Beneficiary |
Letter of Credit # |
Expiry Date |
Original Date |
Balance Remaining |
|
State of Florida |
1046077 |
March 19, 2003 |
July 11, 1997 |
$254,527.00 |
|
Florida Power & Light Co. |
RS1108804 |
December 15, 2003 |
33,010.00 |
||
TOTAL |
$287,537.00 |
SCHEDULE 1.01(a), Solo Page |
Schedule 1.01(a) to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Schedule 4.05 |
|
1. |
Adenat -- In December 2000, Borrower was named in a breach of contract action filed in the Ontario, Canada Superior Court of Justice by Adenat, Inc., a Canadian customer of Unilever. The action was filed against a number of Unilever affiliates, Borrower and several individuals, including officers of Unilever and Borrower. In August 2001, the plaintiff filed an amended complaint, which removed the individual defendants. The plaintiff claims that Unilever breached contractual obligations owed to the plaintiff and further alleges that Borrower interfered in that relationship. The plaintiff seeks to enjoin termination of the alleged distribution agreement by Unilever and seeks compensatory damages of Canadian $55 million against each of Unilever and Borrower, plus punitive damages of Canadian $35 million. Borrower believes that it will be entitled to indemnification from Unilever under the asset purchase agreement related to Borrower's purchase of the Xxxxxxxxx Xxxxx assets to the extent Borrower incurs losses or expenses as a result of the actions taken by Unilever or its affiliates. We believe the claims lack merit as to our company and Borrower is vigorously contesting the matter. |
SCHEDULE 4.05, Solo Page |
Schedule 4.05 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Schedule 4.09 |
Domestic Subsidiaries |
DF Enterprises, Inc. (1) |
Foreign Subsidiaries |
Xxxxxxxxx Xxxxx (Puerto Rico), Inc. |
SCHEDULE 4.09, Solo Page |
Schedule 4.09 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Schedule 4.13 |
Lender |
Commitment |
Required |
Lenders Agreeing to Amendment |
||
JPMorgan Chase Bank |
$ 45,250,000.00 |
22.625% |
22.625% |
||
Fleet National Bank |
$ 35,000,000.00 |
17.500% |
17.500% |
||
LaSalle Business Credit, Inc. |
$ 25,000,000.00 |
12.500% |
12.500% |
||
U. S. Bank Business Credit |
$ 20,000,000.00 |
10.000% |
10.000% |
||
General Electric Capital Corporation |
$ 28,500,000.00 |
14.250% |
14.250% |
||
Wachovia Bank, National Association |
$ 15,000,000.00 |
7.500% |
7.500% |
||
Siemens Financial Services, Inc. |
$ 11,250,000.00 |
5.625% |
5.625% |
||
Credit Suisse First Boston |
$ 10,000,000.00 |
5.000% |
5.000% |
||
The Provident Bank |
$ 10,000,000.00 |
5.000% |
5.000% |
||
TOTAL |
$200,000,000.00 |
100.000% |
100.000% |
||
SCHEDULE 4.13, Solo Page
Schedule 4.13 to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the Second Amendment dated as of June 2, 2004. |
Schedule 4.14 |
SCHEDULE 4.14, Cover Page |
Schedule 4.14 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
(i) U.S., Puerto Rico and Canada Inventory Locations(*) |
Above $500,000 at Cost |
||
Borrower Distribution Center |
Borrower Sales Location |
|
Borrower Distribution Center |
Unilever Manufacturing Plant |
|
CEI - Holmdel |
Puerto Rico Warehouse for Local Affiliate |
|
CEI - Ridgefield |
Brisar Industries |
|
CEI - Roanoke |
Marketing Horizons, Inc. |
|
Borrower Sales Location |
||
Under $500,000 at Cost |
||
0000 Xxxxxxx Xxxxxxxxx |
Corwood Labs, Inc. |
Dimensional Merchandising |
0000 Xxxxxxx Xxxx, XX |
Xxxxxx Soap |
San Mar Labs |
Schedule 4.14, Page 1 |
Schedule 4.14 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
0000-0000 Xxxxxxxx Xxxxxx |
Kolmar Laboratories |
SLM Corporation |
Canadian Xxxxxx |
Le Papillon |
Raani |
Belae Brands |
Private Label Cosmetics |
Webcraft LLC |
Xxxxxxxx Transportation |
Precision Techniques, Inc. |
Identipak |
Xxxxxxxx Transportation |
Xxxxxxx Packaging |
|
Contract Filing, Inc. |
Dimayo Packaging |
(*) Additional inventory locations with small dollar amounts of inventory are not included as permitted by Section 4.14(i). |
Schedule 4.14, Page 2 |
Schedule 4.14 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
(ii) Location of Office (Other Than Sales Offices) or Place of Business |
1. |
00000 XX 00 Xxxxxx |
(A) |
2. |
000 Xxxxx Xxxxxxxx Xxxxx |
(A)(C) |
3. |
0000 Xxxx Xxxxx Xxxxx |
(A) |
4. |
000 Xxxx Xxxxxx Xxxxx |
(A) |
5. |
00000 XX 00 Xxxxxx |
(A) |
6. |
0000 Xxxxxx Xxxxxx |
(A) |
7. |
0000 Xxx Xxxxx Xxxxxx |
(A) |
8. |
0000 Xxxxxxx Xxxxxxxxx |
(A) |
9. |
0000 Xxxxxxx Xxxx, X.X. |
(A) |
10. |
3030 - 0000 Xxxxxxxx Xxxxxx |
(A) |
11. |
000 Xxxxxxxx Xxxxxx - 0xx Xxxxx |
(B) |
(A) |
Borrower |
Schedule 4.14, Page 3 |
Schedule 4.14 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
(iii) Owned Real Property |
1. |
Warehouse and executive offices located at: |
00000 XX 00 Xxxxxx |
Schedule 4.14, Page 4 |
Schedule 4.14 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
(iv) Leased Real Property |
Property Address |
Record Owner (*) |
|
1. |
000 Xxxxx Xxxxxxxx Xxxxx |
First Stamford Place, LLC & Xxxxxxxxxx |
2. |
0000 Xxxx Xxxxx Xxxxx |
Arden Associates, LP |
3. |
000 Xxxx Xxxxxx Xxxxx |
200 Park South Associates, LLC |
4. |
00000 XX 00 Xxxxxx |
Xxxxx Terminal Warehouse |
5. |
0000 Xxxxxx Xxxxxx |
1238 Xxxxxx Street, LLC |
6. |
0000 Xxx Xxxxx Xxxxxx |
Emeryville Farms, LLC |
7. |
0000 Xxxxxxx Xxxxxxxxx |
ROA Blvd., LLC - Xxxxx Xxxxxxx |
8. |
0000 Xxxxxxx Xxxx, X.X. |
Xxxxxxx Road Warehousing, LLC |
9. |
3030 - 0000 Xxxxxxxx Xxxxxx |
0000 Xxxx Xxxxxx |
10. |
000 Xxxxxxxx Xxxxxx - 0xx Xxxxx |
EML Associates |
(*) |
Based on Lessors' representations in lease documents. |
Schedule 4.14, Page 5 |
Schedule 4.14 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
(v) Jurisdictions Qualified to do Business |
Florida |
Note: The Borrower is in the process of qualifying to transact business in Illinois, Michigan, Nevada and Utah. The Borrower has a Certificate of Authority to do business in New Jersey, but the State of New Jersey claims that the Borrower has not filed its Annual Report in 1999 and 2000. The Borrower is in the process of taking corrective actions to ensure filings are current. |
The Borrower has sales offices in several other states and will analyze its operations in each of those states to determine if it is necessary to qualify to transact business in any of those states. |
Schedule 4.14, Page 6 |
Schedule 4.14 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Schedule 4.15 |
Schedule 4.15, Cover Page |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
(a)(i) License Agreements |
|
1. |
Amended and Restated Exclusive Trademark License Agreement dated February 29, 1980, as amended July 29, 1992 and February 13, 1995, between Xxxxxxxx Xxxxx, Inc. (as Licensor), and SanofiBeaute (formerly known as Epocha Distributors) and French Fragrances, Inc. (as Licensee).. |
Subject Matter: Grant of exclusive license to Licensee of certain trademarks including "Xxxxxxxx Xxxxx" and derivations thereof. |
|
Termination Date/Renewal Option: The term of this Agreement expires in February 2025 and shall automatically be renewed for an additional 10-year period unless terminated by Licensee |
|
2. |
Trademark License, Manufacturing and distribution Agreement dated November 6, 1998 between Xxxxxxx Xxxxxxx Hills, Inc. (as Licensor), and French Fragrances, Inc. (as Licensee). |
Subject Matter: Grant of exclusive license to Licensee to manufacture, label, package, distribute, market and sell cosmetics and fragrances relating to certain licensed marks including "Wings" and "Xxxxxxx Xxxxxxx Hills." Such license is exclusive to the United States and Puerto Rico. |
|
Termination Date/Renewal Options: The term of this Agreement expires on December 31, 2003. |
|
3. |
License Agreement dated as of February 14, 1986, as amended January 26, 1989, March 20, 1990, June 28, 1990, August 3, 1999, October 26, 2000 and July 26, 2001, between The Xxxxxxxxx Xxxxxx Cosmetics Company (as Licensor), Conopco, Inc., d/b/a Xxxxxxx Xxxxxxxxxxxxx Ltd. and French Fragrances, Inc. (as Licensee). |
Subject Matter: Grant of exclusive license to Licensee for the use of the xxxx "Xxxxxxxxx Xxxxxx" worldwide in connection with the manufacture and distribution worldwide of women's fragrances, cosmetics and skin care products and men's colognes. |
|
Termination Date/Renewal Options: The term of this Agreement expires on October 1, 2022 and may thereafter be extended by Licensee, at its sole option, for unlimited 20-year periods. Such extensions shall be automatic unless Licensee serves written notice of cancellation within 6 months of the expiration of any such 20-year period. |
|
4. |
License Agreement effective January 1, 2001 between Tristrata Technology, Inc. and Xxxxxxxxx Xxxxx, Inc. |
Subject Matter: Grants non-exclusive right to make, have made, use and sell any cosmetic and/or dermatologic preparation comprising glycolic acid and/or salts and lactic acid and/or its metallic salts for topical application to human skin for which licensee has made, or reserves the right to make, claims within the scope of Licensed Patent Rights under Borrower's marks (including Ceramide Time Complex Moisture Cream and Peel & Reveal) in the United States, its possessions and territories, Puerto Rico and U.S. military bases throughout the world. |
|
Termination Date/Renewal Option: The agreement expires on the expiration of the last to expire of the Licensed Patent Rights unless earlier terminated under the agreement. |
|
5. |
The Borrower has certain license agreements with software vendors such as Geac/JBA International, American Software, Oracle and Manugistics to carry on its business. These agreements do not have any relationship to the Collateral. |
Schedule 4.15, Page 1 |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
(a)(ii) Patent and Trademark List for Borrower and Guarantors |
Patents: |
As disclosed on the two page "Arden Patent Summary" delivered to the Administrative Agent on December 20, 2002, which summary is hereby incorporated by reference. |
Trademarks: |
As disclosed on the "Trademark List" dated Wednesday, December 18, 2002 delivered to the Administrative Agent consisting of 402 pages, which list is hereby incorporated by reference. |
Schedule 4.15, Page 2 |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
(a)(iii) Material United States Distribution Agreements |
|
1. |
Distribution Agreement dated June 17, 1994, as amended July 9, 1997, between Fairtrade S.A. and French Fragrances, Inc. |
Subject Matter: Exclusive distribution rights in the U.S. for "Faconnable" products. |
|
Termination Date/Renewal Option: The term is through June 2004 with automatic renewal for five-year terms unless either party terminates six months prior thereto. |
|
2. |
Distribution and License Agreement dated June 17, 1994, as amended February 1, 2000 and Exclusive License Agreement dated June 17, 1994, as amended February 1, 2000, between Les Parfums Xxx Xxxxxxx S.A. and French Fragrances, Inc. |
Subject Matter: Grants exclusive distribution rights in the U.S. other than duty-free stores (first refusal rights for Cuba and Puerto Rico) for "Xxxxxxx" products. |
|
Termination Date/Renewal Options: The term is through June 2004 with automatic renewal for five-year terms unless either party terminates six months prior thereto. |
|
3. |
Distribution Agreement dated August 1, 2000, between Unilever Cosmetics International, Nautica Apparel, Inc., and French Fragrances, Inc. |
Subject Matter: Grants exclusive right to manufacture, market and distribute fragrance, cosmetics and related products of the brands "Nautica Classic," "Nautica for Women," and Nautica Competition" in the United States, Canada and Puerto Rico. |
|
Termination Date/Renewal Option: The term is through December 31, 2002, renewable for successive one-year periods unless either party terminates six months prior to the end of the applicable term. The parties are negotiating a one-year renewal through December 31, 2003. |
|
4. |
Agreement with Xxxxxxx Xxxxxxx Hills, Inc. for Wings line listed in Schedule 4.15(a)(i). |
Schedule 4.15, Page 3 |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
(b) Matters Affecting Trademark and Patent Rights |
|
1. |
Sunflowers in Brazil - Borrower has a Co-existence/License Agreement with a company called Alume Cosmeticos with regard to the use of the trademark Sunflowers in Brazil. Borrower is authorized to use the term Sunflowers combined with the trademark Xxxxxxxxx Xxxxx. In addition to a fee of US$30,000 paid on March 2002 and to be paid on March 2007, Borrower pays Alume Cosmeticos a royalty of 2% of net sales of Sunflowers products sold in Brazil. The agreement expires in March 2012. |
2. |
Green Tea in Italy and other territories - Unilever cleared the use of the Green Tea name worldwide on the basis that it is descriptive since the products contain green tea. In October 2000, Unilever received a letter from an Italian company named Kelemata which owns the trademark registration for Green Tea in Italy. Over the past two years, we have been in contact with Kelemata and their counsel on this matter. We agreed to change advertising in Italy on our products to reinforce the fact that the products use green tea as opposed to claiming trademark rights for green tea. Kelemata has also expressed an interest in our selling some of their goods internationally. Our diligence shows Kelemata has trademark registrations for Austria, Switzerland, Germany, Spain, France and Benelux and, in 2001, obtained a supplemental registration, which is a lesser form of trademark registration, for Green Tea in the U.S. We have not heard Kelemata on the Italian issue for over a year. |
3. |
Unbound in Europe - A German company named Mulhens, which is affiliated with Wella filed an international application for Unbound in Europe which apparently predated our European Community application. We have been in negotiations with Muhlens to provide us a license to use the name for sales of our Unbound products in Europe. Unbound is a fragrance in our Halston line. |
4. |
Borrower has a perpetual royalty-free license to use the Good Morning trademark in certain territories where Unilever retained the trademark. Borrower has a royalty-free license agreement to use the Black Pearl trademark in the U.S. in conjunction with Xxxxxxxxx Xxxxxx. Borrower also has a perpetual royalty-free license to use certain patents which are owned by Unilever and which were used in both Unilever and Xxxxxxxxx Xxxxx products. |
5. |
From time to time, Affiliates file oppositions to trademark applications which are deemed to be confusingly similar to their trademark registrations. In addition, from time to time Affiliates receive oppositions from third parties or office actions from trademark offices worldwide relating to pending trademark and patent applications. Examples where the applications for trademark registrations have not been approved include, but are not limited to, Good Night's Sleep in Indonesia and Good Morning in the U.S. Borrower and its Affiliates do not believe that any of those oppositions or office actions, if adversely determined, are likely to have a Material Adverse Effect. A list of oppositions as of December 17, 2002 is included in this Schedule 4.15. |
Schedule 4.15, Page 4 |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
6. |
Borrower, through its Affiliates, routinely files trademark applications for new trademarks after clearing the trademark for use in the important territories where new products will be launched. In addition, Borrower, through its Affiliates, routinely abandons trademarks and patents not currently used in its business. The aggregate effect of any of such abandonments will not have a Material Adverse Effect. |
7. |
Borrower licenses the Xxxxxxxxx Xxxxx and Red Door trademarks and trade names worldwide to Essanelle (through 2020) for their use in beauty spas and salons. Borrower also licenses the Xxxxxxxxx Xxxxx trademarks worldwide to Eyewear Designs Limited (through 2005) for their use in eyeglass frames. Borrower licenses one or more of its patents to Mystic Tan (through duration of patents) and Topix (through 2003). Royalties under these licenses are not material to Borrower's results of operations. |
Schedule 4.15, Page 5 |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Pending Oppositions as of December 17, 0000 |
XXXXXXXXX |
MILLENIUM v. MILENIUM Application no. 2217035 in the name of Clinsy S.A.-applicants were officially notified on September 4, 2001 and had until September 4, 2002 in which to respond. Counsel advised that they would check with the Trademark Office to determine whether the application had been abandoned. Will proceed to follow up. |
BRAZIL |
DIAMONDS AND SAPPHIRES v. SAPHIRUS PHARFUMS of Xxxxx Xxxxx Comercio De Products Quimicos Limitada-status pending. |
XXXXXXXXX XXXXXX'X PASSION v. PASSION in the name of Passion Conf. E. Comn. De Art De Cama Mesa E Banho-status pending. |
XXXXXXXXX XXXXXX'X PASSION v. XXXXXXXXX XXXXXX Signature in the name of Perfumaria Chamma Ltda.-recently filed-status pending. |
XXXXXXXXX XXXXXX v. XXXXXXXXX XXXXXX in the name of Perfumaria Chamma Ltda.-status pending. |
XXXXXXXXX XXXXXX'X PASSION v. PASSIONE in the name of Xxxxxx Reengenharia Industrializa Com. Ltda.-status pending. |
XXXXXXXXX XXXXXX'X PASSION v. PASSION in the name of Tecnofarma Ltda.-status pending. |
XXXXXXXXX XXXXXX'X PASSION v. PASSION of IB Cosmeticos Ltda.-status pending. |
XXXXXXXXX XXXXXX'X PASSION v. PASSIONE in the name of Xxxxxxxx Xxxxxx-status pending. |
LIP LIP HOORAY v. IP LIP in the name of Pacific Corporation-status pending. |
MILLENIUM v. GIOVANNA MILLENIUM in the name of Giovanna Baby Industria e Comercio Ltda.-status pending. |
MILLENIUM v. MILLENIUM in the name of Chemie Industria E Comercio Ltda.-status pending. |
SUNFLOWERS v SOFLOWER in the name of Kenko Zoushin Kenkyukai Corporation-status pending. |
TRUE LOVE v. TRUE in the name of Eoco, Inc.-Co-Existence agreement was prepared. No indication in file whether it had been finalized. |
CANADA |
XXXXXXXXX XXXXXX'X PASSION v. FEVER THE ALTERNATIVE TO XXXXXXXXX XXXXXX'X PASSION in the name of Westport Lab, Inc.-status pending. |
SENSUAL v. SENSUAL in the name of Xxxxxx Xxxxxx-status pending. |
Schedule 4.15, Page 6 |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
CHILE |
DIAMONDS AND RUBIES v. DIAMOND in the name of Diamond Shamrock Corporation-status pending. |
DIAMONDS AND EMERALDS v. DIAMOND in the name of Diamond Shamrock Corporation-status pending. |
CHINA |
SUNFLOWERS v. SUNFLOWER in the name of Kuangpao Shoe Material Company Limited-status pending. |
XXXXXXXXX XXXXX x. XXXXX in Chinese Characters in the name of Jingyi Chemical Enterprises Limited-awaiting decision. |
MILLENIUM v. MILLENNIUM Application no. 1488302 in the name of Kimberich Investment Ltd.-status pending. |
COLUMBIA |
HALSTON v. HALSTON in the name of Confecciones de Cuero y Cia Ltda-status pending. |
TOP MILENIO by Detergentes S.A. v. MILLENIUM ENERGIST in the name of Unilever N.W.-recently answered the opposition. Awaiting response from opposer. |
CROATIA |
BLACK PEARLS x. XXXXX PC COLLECT-LANG in the name of Distex-status pending. |
EUROPEAN COMMUNITY |
MILLENIUM v. MILLENIUM MAGIC OF ADD in the name of Xxxxxxxxx ApS-cooling off period. |
MILLENIUM v. MM MILLENIUM in the name of Xxxxxxxx Xxxxxx-status pending. |
UNBOUND opposition filed in the name of Mulhens GMBH & Co. KG-presently discussing a license to use. As such, requested another extension. |
FRANCE |
MILLENIUM v. CLASSIC MILLENIUM in the name of Cheng-Xxx Xxxxx-status pending. |
MILLENIUM v. MILLENNIUM FRAGRANCE INTERNATIONAL in the name of Millenium Fragrance International-status pending. |
MILLENIUM v. MILLENNIUM HOPE in the name of Jivago Couture International-status pending. |
GERMANY |
MILLENIUM v. MM MILLENIUM in the name of Xxxxxxx Hens-status pending. |
WHITE DIAMONDS v. DIAMOND PARFUMS in the name of Schimon Xxxxxxxx-deadline in which to either file response or decide to come to an amicable settlement. Deadline is March 3, 2003. |
Schedule 4.15, Page 7 |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
HONDURAS |
XXXXXXXXX XXXXXX'X PASSION x. XXXXXX MAGICA in the name of Comercial E Inversiones Galaxia S.A.-status pending. |
INDIA |
Use of ARDEN by Selection Centre, Bombay Cosmetics & Dahiy Cosmetics-negotiations regarding phasing out use of the ARDEN Trademark pending. |
INDONESIA |
MILLENIUM v. MILLINIUM in the name of Xxxxxxxx Xxxxxxx Xxxxxxx-status pending. |
Sale of Counterfeit XXXXXXXXX XXXXX Spectales by Optik Xxxxxx-status pending. |
IRAN |
XXXXXXXXX XXXXX v. ARDEN in the name of Sherkat Pars Hayan Bamasooliet Xxxxxx-status pending. |
NETHERLANDS |
XXXXXXXXX XXXXX v. XXXXXXXXXXXXXX.XX in the name of Space C.V. |
PANAMA |
XXXXXXXXX XXXXXX'X PASSION v. PASSION in the name of Nacional Quimica, S.A.-status pending. |
PARAGUAY |
RED DOOR v. RED DOOR in the name of Xxxx Xxxx Yao-requested a declaration of abandonment of the trademark-status pending. |
PERU |
DAILY DEFENSE MOISTURE LOTION-request for consent by Clairol Incorporated. Possible granting a letter of consent and agreeing to co-existence limited to Peru-matter pending. |
XXXXXXXXX XXXXX v. XXXXXXXXX in the name of Xxxxxxxx Xxxxxxx Xxxxxx-status pending. |
WHITE SHOULDERS x. XXXXX ONE in the name of Xxxxxx Xxxxxx-status pending. |
SOUTH AFRICA |
ADVANCED ENERGIZING EXTRACT v. ALMAY ENERGISING in the name of Revlon (Suisse) S.A.-status pending. |
XX x. EAS in class 5 in the name of Natural Supplement Association Inc.-status pending. |
SLEEK v. SLEEK in the name of Sleek International Limited-possible co-existence agreement. According to our records, this xxxx has been discontinued. |
SPAIN |
DIAMONDS AND SAPPHIRES v. DIAMOND in the name of Diamond Shamrock Corporation-status pending. |
Schedule 4.15, Page 8 |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
XXXXXXXXX XXXXXX'X PASSION x. XXXXXX ROMANTICA (ROMANTIC PASSION)-status pending. |
TAIWAN |
XXXXXXXXX XXXXX Misrepresentation of XXXXXXXXX XXXXX and Possible Counterfeit of XXXXXXXXX XXXXX BAGS-status pending. |
SUNFLOWERS v. SUNFLOWER in the name of C. H. Xx Xxx-Hong-status pending. |
THAILAND |
XXXXXXXXX XXXXX 0xx XXXXXX v. REDKEN 5th AVENUE in the name of L'Oreal-status pending. |
UNITED KINGDOM |
Internet conflicts regarding the following: |
XXXXXXXXX XXXXX v. XXXXXXXXXXXXXXXXXXXX.XXX in the name of Xxxxxxxxxxxxxxxx.Xxx |
XXXXXXXXX XXXXX v. XXXXXXXXXXXXXX.XX.XX in the name of Xxxxxxxx Xxxxxxx |
XXXXXXXXX XXXXX v. XXXXXXXXX-XXXXX.XXX in the name of Argentina Web Design |
XXXXXXXXX XXXXX v. XXXXXXXXX-XXXXX.XXX in the name of Parma |
XXXXXXXXX XXXXXX v. XXXXXXXXX-XXXXXX.XXX in the name of Lovearth |
XXXXXXXXX XXXXXX v. XXXXXXXXX-XXXXXX.XX.XX in the name of Airmill Limited Status pending. |
XXXXXXXXX XXXXXX'X PASSION v. RUMOURS in the name of French Perfumery Co, Ltd. Passing-off (unfair competition) in the U.K. Status pending. |
Schedule 4.15, Page 9 |
Schedule 4.15 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Schedule 4.15(a)(i) |
1. |
Amended and Restated Exclusive Trademark License Agreement dated February 29, 1980, as amended July 29, 1992 and February 13, 1995, between Xxxxxxxx Xxxxx, Inc. (as Licensor), and SanofiBeaute (formerly known as Epocha Distributors) and French Fragrances, Inc. (as Licensee). |
Subject Matter: Grant of exclusive license to Licensee of certain trademarks including "Xxxxxxxx Xxxxx" and derivations thereof. |
|
Termination Date/Renewal Option: The term of this Agreement expires in February 2025 and shall automatically be renewed for an additional 10-year period unless terminated by Licensee. |
|
2. |
License Agreement dated as of February 14, 1986, as amended January 26, 1989, March 20, 1990, June 28, 1990, August 3, 1999, October 26, 2000, July 26, 2001 and March 31, 2003, between The Xxxxxxxxx Xxxxxx Cosmetics Company (as Licensor), Conopco, Inc., d/b/a Xxxxxxx Xxxxxxxxxxxxx Ltd. and French Fragrances, Inc. (as Licensee). |
Subject Matter: Grant of exclusive license to Licensee for the use of the xxxx "Xxxxxxxxx Xxxxxx" worldwide in connection with the manufacture and distribution worldwide of women's fragrances, cosmetics and skin care products and men's colognes. |
|
Termination Date/Renewal Options: The term of this Agreement expires on October 1, 2022 and may thereafter be extended by Licensee, at its sole option, for unlimited 20-year periods. Such extensions shall be automatic unless Licensee serves written notice of cancellation within 6 months of the expiration of any such 20-year period. |
|
3. |
License Agreement effective January 1, 2001 between Tristrata Technology, Inc. (as Licensor) and Xxxxxxxxx Xxxxx, Inc. (as Licensee). |
Subject Matter: Grants non-exclusive right to make, have made, use and sell any cosmetic and/or dermatologic preparation comprising glycolic acid and/or salts and lactic acid and/or its metallic salts for topical application to human skin for which licensee has made, or reserves the right to make, claims within the scope of Licensed Patent Rights under Borrower's marks (including Ceramide Time Complex Moisture Cream and Peel & Reveal) in the United States, its possessions and territories, Puerto Rico and U.S. military bases throughout the world. |
|
Termination Date/Renewal Option: The agreement expires on the expiration of the last to expire of the Licensed Patent Rights unless earlier terminated under the agreement. |
|
4. |
Term Sheet dated February 3, 2004 between Britney Brands, Inc. (as Licensor) and Xxxxxxxxx Xxxxx, Inc. (as Licensee) to enter into an Exclusive License Agreement. |
Subject Matter: Grants exclusive license to Licensee to manufacture, distribute, market, advertise and sell fragrance, cosmetic and skin care products worldwide under the marks "BRITNEY" and "XXXXXXX XXXXXX." |
|
Termination Date/Renewal Option: The term of this Agreement expires on December 31, 2009. Licensee has the right to renew the Agreement for one (1) additional five (5) year term unless the Agreement has been earlier terminated. |
|
5. |
The Borrower has certain license agreements with software vendors such as Geac/JBA International, American Software, Oracle and Manugistics to carry on its business. These agreements do not have any relationship to the Collateral. |
SCHEDULE 4.15(a)(i), Solo Page |
Schedule 4.15(a)(i) to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the First Amendment dated as of February 25, 2004. |
Schedule 4.19 |
Description |
Purpose |
Bank Acct. # |
ABA |
|||||
Fleet Block Acct. |
A/R Customer Deposits |
* |
0115-00010 |
|||||
Fleet Lockbox Acct. |
A/R Customer Deposits |
9429126651 |
0115-00010 |
|||||
Fleet Checking |
Customer Deposits |
9429160892 |
0115-00010 |
|||||
Fleet Block & Lockbox |
A/R for Miami Lakes |
* |
0115-00010 |
|||||
* Confidential portions omitted and filed separately with the Commission. |
SCHEDULE 4.19, Page 1 |
Schedule 4.19 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |
Schedule 5.09 |
1. In May 2002, Borrower provided a loan to its President and Chief Executive Officer in the principal amount of $500,000, which matures on March 31, 2005. This loan replaced earlier loans made by Borrower to its President and Chief Executive Officer for payment of certain Canadian tax liabilities resulting from his relocation to Florida in 1998. The principal balance of the loan was $400,000 as of December 24, 2002. |
2. The following intercompany loans payable to Xxxxxxxxx Xxxxx (Financing), Inc. |
Affiliate |
Acquisition |
Working |
Xxxxxxxxx Xxxxx (Canada) Ltd. |
$ 311,279 |
|
Xxxxxxxxx Xxxxx Korea YH |
$ 730,225 |
|
Xxxxxxxxx Xxxxx (Netherlands) B.V. |
$ 1,015,705 |
|
Xxxxxxxxx Xxxxx International Holding, Inc. |
$ 28,380,263 |
$13,480,948 |
FD Management, Inc. |
$125,613,276 |
|
DF Enterprises, Inc. |
$ 47,207,282 |
|
GRAND TOTAL |
$201,931,046 |
$14,807,932 |
SCHEDULE 5.09, Solo Page |
Schedule 5.09 to Second Amended and Restated Credit Agreement dated as of December 24, 2002, as amended by the First Amendment dated as of February 25, 2004. |
Schedule 5.10 |
1. |
Amended and Restated Mortgage and Security Agreement and Fixture Filing with Assignment of Leases and Rents dated June 5, 1996, recorded in the Official Records Book 17229, at Page 0915, of the Public Records at Miami-Dade County, Florida encumbering Borrower's Miami Lakes warehouse and office facility located at 00000 X.X. 00 Xxxxxx, Xxxxx Xxxxx, Xxxxxxx 00000. |
2. |
The Senior Secured Notes are secured by a lien on certain Xxxxxxxxx Xxxxx trademarks and certain equipment of Borrower located in the United States. |
3. |
Landlord liens securing the payment of rent under the leases set forth in Schedule 4.14(iv) encumbering Borrower's (or Affiliates') personal property at the demised premises. Borrower has obtained or will pursue obtaining Consent and Subordination Agreements for all of the leased properties described on Schedule 4.14(iv). |
SCHEDULE 5.10, Solo Page |
Schedule 5.10 to Second Amended and Restated Credit Agreement dated as of December 24, 2002. |