AMENDMENT NO. 1 TO CREDIT AGREEMENT
Exhibit 4.1
AMENDMENT NO. 1 TO CREDIT AGREEMENT
THIS AMENDMENT NO. 1 TO CREDIT AGREEMENT (this “Amendment”) is made as of June 11, 2012 by and among:
XXXXX HOLDINGS LLC, a Delaware limited liability company, BEAUTY SYSTEMS GROUP, LLC, a Delaware limited liability company, and XXXXX BEAUTY SUPPLY, LLC, a Delaware limited liability company (collectively, the “Domestic Borrowers”);
BEAUTY SYSTEMS GROUP (CANADA), INC., a New Brunswick corporation (the “Canadian Borrower”),
SBH FINANCE B.V., a private limited liability company, incorporated under the laws of the Netherlands (the “Foreign Borrower” and, collectively with the Domestic Borrowers and the Canadian Borrower, the “Borrowers”);
the GUARANTORS party to the Credit Agreement set forth on Schedule II annexed hereto (collectively, the “Guarantors” and, together with the Borrowers, the “Loan Parties”);
the LENDERS now party to the Credit Agreement (as defined below);
BANK OF AMERICA, N.A., a national banking association, having a place of business at 000 Xxxxxxx Xxxxxx, 0xx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, as administrative agent (in such capacity, the “Administrative Agent”) for its own benefit and the benefit of the other Credit Parties (as defined in the Credit Agreement referred to below) and as collateral agent (in such capacity, the “Collateral Agent”), for its own benefit and for the benefit of the other Credit Parties (as defined in the Credit Agreement referred to below) to the Credit Agreement (as defined below); and
BANK OF AMERICA, N.A. (acting through its Canada branch), as Canadian Agent.
W I T N E S S E T H :
A. Reference is made to a certain Credit Agreement dated as of November 12, 2010 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”), by, among others, (i) the Borrowers, (ii) the Guarantors, (iii) the Administrative Agent, (iv) the Collateral Agent, (v) the Canadian Agent, and (vi) the Lenders party thereto (the “Lenders”). All capitalized terms used herein, and not otherwise defined herein, shall have the meanings assigned to such terms in the Credit Agreement.
B. The parties hereto desire to effect amendments to the Credit Agreement as more particularly described below.
NOW, THEREFORE, in consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
Section 1. Definitions. All capitalized terms used herein and not otherwise defined shall have the same meaning herein as in the Credit Agreement.
Section 2. Specific Amendments to Credit Agreement. The parties hereto agree that the Credit Agreement is hereby amended as follows:
(a) The definition of “Consolidated Fixed Charge Coverage Ratio” set forth in Section 1.01 of the Credit Agreement is hereby amended to read in its entirety as follows:
“‘Consolidated Fixed Charge Coverage Ratio’ means, at any date of determination, the ratio of (a) (i) Consolidated EBITDA for such period minus (ii) the unfinanced portion of all Capital Expenditures (excluding any Capital Expenditure made with all or any portion of the proceeds, applied within twelve months of receipt thereof, from (x) any casualty insurance, condemnation or eminent domain, or (y) any sale of assets (other than Inventory) and excluding (z) any Capital Expenditure made with all or any portion of the proceeds from the sale of Equity Interests, provided that any such Capital Expenditure is made or committed to be made within six (6) months after the date of receipt of the initial proceeds from the sale of such Equity Interests) minus (iii) the aggregate amount of Federal, state, provincial, territorial, municipal, local and foreign income taxes paid in cash during such period to (b) the Debt Service Charges, in each case, of or by Holdings and its Subsidiaries for the most recently completed Measurement Period, all as determined on a Consolidated basis in accordance with GAAP.”
(b) The definition of “Payment Conditions” set forth in Section 1.01 of the Credit Agreement is hereby amended to read in its entirety as follows:
‘“Payment Conditions’ means, at the time of determination with respect to any Restricted Payment, that (a) no Default or Event of Default then exists or would arise as a result of the making of such Restricted Payment, and (b) if after giving pro forma effect to such Restricted Payment, (x) Excess Availability for the 45 day period immediately preceding, and on the date of, such Restricted Payment was equal to or greater than 20% of the Loan Cap, and (y) the Consolidated Fixed Charge Coverage Ratio, for the most recent Measurement Period, is equal to or greater than 1.2:1.0. If after giving pro forma effect to such Restricted Payment, Excess Availability would be equal to or less than 50% of the Loan Cap, the Parent shall furnish the Administrative Agent with prior notice of any such Restricted Payment which is subject to the Payment Conditions, together with supporting documentation evidencing the satisfaction of the Excess
Availability requirements and the satisfaction of the required Consolidated Fixed Charge Coverage Ratio, no less than five (5) Business Days prior to the consummation of any such Restricted Payment.”
(c) Section 7.13 of the Credit Agreement is hereby amended to read in its entirety as follows:
“7.13 Consolidated Fixed Charge Coverage Ratio. During the continuance of a Covenant Compliance Event, permit the Consolidated Fixed Charge Coverage Ratio, calculated as of the last day of each month, on a trailing twelve (12) month basis to be less than 1.1:1.0.”
Section 3. Certain Additional Technical Amendments to Credit Agreement.
The parties hereto agree that the Credit Agreement is hereby further amended as follows:
(a) The second sentence of Section 2.02(b) of the Credit Agreement is hereby amended to read in its entirety as follows:
“Each such notice must be received by the Administrative Agent or the Canadian Agent not later than 11:00 a.m. (i) three (3) Business Days prior to the requested date of any Committed Borrowing of or continuation of Euribor Rate Loans, LIBOR Rate Loans or BA Equivalent Loans or of any conversion of any such Loans to Loans of a different Type, (ii) four (4) Business Days prior to the requested date of any Committed Borrowing to be made in an Optional Currency of, conversion to, or continuation of Euribor Rate Loans, LIBOR Rate Loans or BA Equivalent Loans in an Optional Currency or of any conversion of any such Loans to Loans of a different Type, and (iii) on the requested date of any Committed Borrowing of any of Canadian Prime Rate Loans, Domestic Prime Rate Loans or US Index Rate Loans.”
(b) The parenthetical phrase at the end of Section 6.01(a) is hereby deleted in its entirety and the following is hereby substituted in lieu thereof:
“(it being agreed that the furnishing or filing of Holdings’ annual report on Form 10-K for such year as filed with the SEC, shall satisfy this subsection 6.01(a) with respect to such fiscal year except with respect to the requirement that such financial statements be reported on without a “going concern” or like qualification or exception, or qualification arising out of scope of audit)”;
(c) The parenthetical phrase at the end of Section 6.01(b) is hereby deleted in its entirety and the following is hereby substituted in lieu thereof:
“(it being agreed that the furnishing or filing of Holdings’ quarterly reports on Form 10-Q, as filed with the SEC, shall satisfy this subsection 6.01(b))”
(d) Section 6.02(a) of the Credit Agreement is hereby amended to read in its entirety as follows:
“(a) concurrently with the delivery of the financial statements referred to in Section 6.01(a), a certificate of its Registered Public Accounting Firm certifying such financial statements and stating that in making the examination necessary for their certification of such financial statements, such Registered Public Accounting Firm has not obtained any knowledge of the existence of any Default under Section 7.13 (but only if, during the Fiscal Year, Section 7.13 was applicable) the financial covenants set forth herein or, if any such Default shall exist, stating the nature and status of such event (which certificate may be limited to the extent required by accounting rules or guidelines);”
(e) Section 6.02(b) of the Credit Agreement is hereby amended to read in its entirety as follows:
“(b) concurrently with the delivery of the financial statements referred to in clauses (a), (b) and (c) of Section 6.01 (commencing with the delivery of the financial statements for the Fiscal Quarter ended December 31, 2010), a duly completed Compliance Certificate signed by a Responsible Officer of Holdings, and in the event of any change in generally accepted accounting principles used in the preparation of such financial statements, Holdings shall also provide a statement of reconciliation conforming such financial statements to GAAP, and in the case of quarterly reporting only, a copy of management’s discussion and analysis with respect to such financial statements if not included in Holdings’ Form 10-Q;”
(f) Section 6.02(c) of the Credit Agreement is hereby amended by inserting the phrase “or Holdings” immediately after the phrase “of the Parent” appearing therein and by inserting the phrase “or Holdings’” immediately after the phrase “from the Parent’s” appearing therein.
(g) The penultimate paragraph of Section 6.02 of the Credit Agreement is hereby amended to read in its entirety as follows:
“Documents required to be delivered pursuant to paragraphs (a) and (b) of Section 6.01 or pursuant to Section 6.02(e) to the extent any such documents and the information required to be provided therewith as set forth above are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which Holdings posts such documents, or provides a link thereto on Holdings’ website on the Internet at the website address listed on Schedule 10.02 or filed with the SEC; or (ii) on which such documents are posted on Holdings’ behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) Holdings shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests Holdings to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) Holdings shall notify the Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Loan Parties with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.”
Section 4. Representations and Warranties. Each Loan Party hereby makes all representations, warranties, and covenants set forth in the Credit Agreement and the other Loan Documents as of the date hereof (other than representations, warranties and covenants that relate solely to an earlier date).
Section 5. Ratification of Loan Documents. Except as specifically amended by this Amendment, all of the terms and conditions of the Credit Agreement and of the other Loan Documents shall remain in full force and effect as in effect prior to the date hereof, without releasing any Loan Party thereunder or Collateral granted by any Loan Party.
Section 6. Conditions Precedent to Effectiveness. This Amendment shall not be effective until the following conditions precedent have each been fulfilled to the reasonable satisfaction of the Administrative Agent:
a. This Amendment shall have been duly executed and delivered by the Borrowers and Guarantors set forth herein; and
b. This Amendment shall have been duly executed by the Administrative Agent, the Collateral Agent and the Required Lenders.
Upon the satisfaction of the condition precedent set forth above, this Amendment shall be effective immediately and, in this connection, all calculations of “Consolidated Fixed Charge Coverage Ratio” and “Payment Conditions” occurring after the date hereof shall be made after giving effect to this Amendment.
Section 7. Miscellaneous.
a. This Amendment may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, and all of which together shall constitute one instrument.
b. This Amendment expresses the entire understanding of the parties with respect to the transactions contemplated hereby. No prior negotiations or discussions shall limit, modify, or otherwise affect the provisions hereof.
c. Any determination that any provision of this Amendment or any application hereof is invalid, illegal or unenforceable in any respect and in any instance shall not affect the validity, legality, or enforceability of such provision in any other instance, or the validity, legality or enforceability of any other provisions of this Amendment.
d. The Loan Parties shall pay all Credit Party Expenses of the Administrative Agent and the Secured Parties, including, without limitation, all such Credit Party Expenses incurred in connection with the preparation, negotiation, execution and delivery of this Amendment in accordance with the terms of the Credit Agreement.
e. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW, BUT WITHOUT GIVING EFFECT TO THE OTHER CONFLICTS OF LAWS PRINCIPLES THEREOF.
f. Upon the satisfaction of the conditions to effectiveness of this Amendment as set forth in Section 6 hereof, each reference to the Credit Agreement in any of the Loan Documents shall be deemed to be a reference to the Credit Agreement as amended by this Amendment.
[SIGNATURE PAGES FOLLOW]
IN WITNESS WHEREOF, each of the undersigned has caused this Amendment to be duly executed and delivered by its proper and duly authorized officer as of the date set forth below.
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LOAN PARTIES: |
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DOMESTIC BORROWERS: |
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XXXXX HOLDINGS LLC |
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BEAUTY SYSTEMS GROUP LLC |
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XXXXX BEAUTY SUPPLY LLC |
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By: |
/s/ Xxxx X. Xxxxxxxx |
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Name: |
Xxxx X. Xxxxxxxx |
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Title: |
Senior Vice President and Chief Financial Officer |
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CANADIAN BORROWER: |
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BEAUTY SYSTEMS GROUP (CANADA), INC. |
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By: |
/s/ Xxxx X. Xxxxxxxx |
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Name: |
Xxxx X. Xxxxxxxx |
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Title: |
Senior Vice President and Chief Financial Officer |
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FOREIGN BORROWER: |
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SBH FINANCE B.V. |
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By: ANT Management (Netherlands) B.V. |
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Title: |
Director A |
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Jointly represented by: |
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By: |
/s/ Xxxxxx X. Xxxxxxxx |
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Name: |
Xxxxxx X. Xxxxxxxx |
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Place: |
Rotterdam, the Netherlands |
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Date: |
8 June 2012 |
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By: |
/s/ Dedde Zeelenberg |
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Name: |
Dedde Zeelenberg |
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Place: |
Rotterdam, the Netherlands |
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Date: |
8 June 2012 |
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Signature Page to Amendment No. 1 to ABL Credit Agreement
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Xxxx Xxxxxxxx |
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Title: Director B |
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By: |
/s/ Xxxx Xxxxxxxx |
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Name: |
Mr. Xxxx Xxxxxxxx |
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Place: |
Monterrey, MX |
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Date: |
June 8, 2012 |
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Signature Page to Amendment No. 1 to ABL Credit Agreement
GUARANTORS:
XXXXX BEAUTY HOLDINGS, INC.
XXXXX INVESTMENT HOLDINGS LLC
INNOVATIONS — SUCCESSFUL SALON SERVICES
NEKA SALON SUPPLY, INC.
PROCARE LABORATORIES, INC.
XXXXXXXXX XXXXXX HOLDINGS, INC.
XXXXXXXXX XXXXXX MANAGEMENT, X.X.
XXXXXXXXX XXXXXX HOLDINGS, L.L.C.
XXXXXX’X, INC.
XXXXXXXXX XXXXXX, X.X.
DIORAMA SERVICES COMPANY, LLC
XXXXX CAPITAL INC.
XXXXX BEAUTY DISTRIBUTION LLC
XXXXX BEAUTY DISTRIBUTION OF OHIO, INC.
XXXXX BEAUTY INTERNATIONAL FINANCE LLC
BEAUTY HOLDING LLC
SOREN ENTERPRISES, INC.
BEYOND THE ZONE, INC.
SILK ELEMENTS, INC.
HIGH INTENSITY PRODUCTS, INC.
NAIL LIFE, INC.
SEXY U PRODUCTS, INC.
FOR PERMS ONLY, INC.
ENERGY OF BEAUTY, INC.
MIRACLE LANE, INC.
TANWISE, INC.
SATIN STRANDS, INC.
POWER IQ, INC.
DESIGN LENGTHS, INC.
BRENTWOOD BEAUTY LABORATORIES INTERNATIONAL, INC.
ION PROFESSIONAL PRODUCTS, INC.
NEW IMAGE PROFESSIONAL PRODUCTS, INC.
ESTHETICIAN SERVICES, INC.
FEMME COUTURE INTERNATIONAL, INC.
GENERIC VALUE PRODUCTS, INC.
VENIQUE, INC. (FORMERLY KNOWN AS MODERN PANACHE, INC.)
LAND OF DREAMS, INC.
COLORESSE, INC.
AERIAL COMPANY, INC.
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By: |
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/s/ Xxxx X. Xxxxxxxx |
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Name: |
Xxxx X. Xxxxxxxx |
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Title: |
Senior Vice President and |
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Chief Financial Officer |
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Signature Page to Amendment No. 1 to ABL Credit Agreement
SALON SUCCESS INTERNATIONAL, LLC
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By: |
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/s/ Xxxx X. Xxxxxxxx |
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Name: |
Xxxx X. Xxxxxxxx |
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Title: |
Authorized Signatory |
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Schedule I to First Amendment to Credit Agreement
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BANK OF AMERICA, N.A., as | ||
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Administrative Agent, as Collateral Agent, as | ||
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Domestic L/C Issuer, as Domestic Swing Line | ||
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Lender, and as a Domestic Lender | ||
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By: |
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/s/ Xxxxxxx Xxxxxx |
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Name: |
Xxxxxxx Xxxxxx | |
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Title: |
Vice President | |
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BANK OF AMERICA, N.A. (ACTING | ||
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THROUGH ITS CANADA BRANCH), as | ||
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Canadian Agent, as Canadian Swing Line | ||
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Lender, and as a Canadian Lender | ||
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By: |
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/s/ Xxxxxx Sales xx Xxxxxxx |
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Name: |
Xxxxxx Sales xx Xxxxxxx | |
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Title: |
Vice President | |
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XXXXX FARGO BANK, N.A., as a Domestic | ||
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Lender | ||
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By: |
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/s/ Y. Xxxxx Xxxxxxxx |
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Name: |
Y. Xxxxx Xxxxxxxx | |
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Title: |
Authorized Officer | |
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XXXXX FARGO CAPITAL FINANCE | ||
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CORPORATION CANADA, as a Canadian | ||
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Lender | ||
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By: |
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/s/ Xxxxxxxx Xxxxxxx |
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Name: |
Xxxxxxxx Xxxxxxx | |
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Title: |
Senior Vice President | |
Schedule I to First Amendment to Credit Agreement
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XXXXX FARGO BANK, N.A. (LONDON | ||
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BRANCH), as European Funding Agent for | ||
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Xxxxx Fargo Bank, N.A. and Xxxxx Fargo | ||
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Capital Corporation Canada | ||
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By: |
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/s/ pp X. Xxxxxxxxxx |
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Name: |
Anja Best | |
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Title: |
Senior Vice President | |
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JPMORGAN CHASE BANK, N.A., as a | ||
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Domestic Lender | ||
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By: |
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/s/ Xxxxxx Xxx |
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Name: |
Xxxxxx Xxx | |
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Title: |
Authorized Officer | |
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JPMORGAN CHASE BANK, N.A., (thourgh | ||
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its Toronto branch), as Canadian Lender | ||
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By: |
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/s/ Xxxxxx Xxxxxxxxx |
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Name: |
Xxxxxx Xxxxxxxxx | |
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Title: |
Senior Vice President & Region Mgr | |
Schedule I to First Amendment to Credit Agreement
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UBS AG, STAMFORD BRANCH, as a | ||
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Domestic Lender | ||
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By: |
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/s/ Xxxx X. Xxxxx |
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Name: |
Xxxx X. Xxxxx | |
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Title: |
Associate Director | |
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By: |
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/s/ Xxxxxxxxxxx Xxxxx |
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Name: |
Xxxxxxxxxxx Xxxxx | |
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Title: |
Associate Director | |
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UBS AG, CANADA BRANCH, as a Canadian | ||
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Lender | ||
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By: |
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/s/ Xxxx X. Xxxxx |
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Name: |
Xxxx X. Xxxxx | |
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Title: |
Associate Director | |
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By: |
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/s/ Xxxxxxxxxxx Xxxxx |
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Name: |
Xxxxxxxxxxx Xxxxx | |
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Title: |
Associate Director | |
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PNC BANK, NATIONAL ASSOCIATION, | ||
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as a Domestic Lender | ||
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By: |
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/s/ Xxxxx Xxxxxxxx |
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Name: |
Xxxxx Xxxxxxxx | |
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Title: |
Commercial Banking Officer | |
Schedule I to First Amendment to Credit Agreement
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PNC BANK CANADA BRANCH, as a | ||
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Canadian Lender | ||
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By: |
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/s/ Xxxx Xxxxx |
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Name: |
Xxxx Xxxxx | |
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Title: |
Assistant Vice President | |
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ROYAL BANK OF CANADA, as a Domestic | ||
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Lender and as a Canadian Lender | ||
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By: |
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/s/ Xxxxxx Xxxxxx |
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Name: |
Xxxxxx Xxxxxx | |
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Title: |
Attorney in Fact | |
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By: |
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/s/ Xxxxx Xxxxxxxx |
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Name: |
Xxxxx Xxxxxxxx | |
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Title: |
Attorney in Fact | |
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FIFTH THIRD BANK, as a Domestic Lender | ||
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By: |
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/s/ Xxxxx Xxxxxxxx |
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Name: |
Xxxxx Xxxxxxxx | |
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Title: |
Officer | |
Schedule I to First Amendment to Credit Agreement
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CREDIT SUISSE AG, CAYMAN ISLANDS | ||
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BRANCH, as a Domestic Lender | ||
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By: |
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/s/ Xxx Xxxxxx |
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Name: |
Xxx Xxxxxx | |
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Title: |
Vice President | |
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By: |
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/s/ Xxxx Xxxxxxx |
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Name: |
Xxxx Xxxxxxx | |
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Title: |
Associate | |
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DEUTSCHE BANK AG NEW YORK | ||
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BRANCH, as Domestic Lender | ||
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By: |
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/s/ Xxxxx Xxxxxxx |
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Name: |
Xxxxx Xxxxxxx | |
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Title: |
Director | |
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By: |
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/s/ Xxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxx X. Xxxxxx | |
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Title: |
Vice President | |
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DEUTSCHE BANK AG CANADA | ||
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BRANCH, as Domestic Lender | ||
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By: |
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/s/ Xxxx Xxxxxx |
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Name: |
Xxxx Xxxxxx | |
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Title: |
Managing Director & | |
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Chief Country Officer | |
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By: |
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/s/ Xxxxxxxxx Xxxxx |
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Name: |
Xxxxxxxxx Xxxxx | |
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Title: |
Assistant Vice President | |
Schedule I to First Amendment to Credit Agreement
SCHEDULE I
Borrowers
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XXXXX HOLDING LLC |
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BEAUTY SYSTEMS GROUP LLC |
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XXXXX BEAUTY SUPPLY LLC |
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BEAUTY SYSTEMS GROUP (CANADA), INC. |
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SBH FINANCE BV |
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Schedule I to First Amendment to Credit Agreement
SCHEDULE II
Guarantors
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Name of Loan Party |
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Type of Loan Party |
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Aerial Company, Inc. |
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Guarantor |
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Xxxxxxxxx XxXxxx Holdings, Inc. |
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Guarantor |
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Xxxxxxxxx XxXxxx Management, L.C. |
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Guarantor |
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Xxxxxxxxx XxXxxx Holdings, L.L.C. |
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Guarantor |
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Xxxxxxxxx XxXxxx, X.X. |
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Guarantor |
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Xxxxxx’x, Inc. |
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Guarantor |
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Beauty Holding LLC |
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Guarantor |
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Beauty Systems Group (Canada), Inc. |
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Foreign Guarantor Canadian Guarantor |
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Beyond the Zone, Inc. |
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Guarantor |
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Brentwood Beauty Laboratories International, Inc. |
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Guarantor |
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Coloresse, Inc. |
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Guarantor |
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Design Lengths, Inc. |
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Guarantor |
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Diorama Services Company, LLC |
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Guarantor |
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Energy of Beauty, Inc. |
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Guarantor |
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Esthetician Services, Inc. |
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Guarantor |
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Femme Couture International, Inc. |
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Guarantor |
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For Perms Only, Inc. |
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Guarantor |
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Generic Value Products, Inc. |
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Guarantor |
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High Intensity Products, Inc. |
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Guarantor |
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Innovations — Successful Salon Services |
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Guarantor |
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Ion Professional Products, Inc. |
|
Guarantor |
|
Land of Dreams, Inc. |
|
Guarantor |
|
Miracle Lane, Inc. |
|
Guarantor |
|
Modern Panache, Inc. |
|
Guarantor |
|
Nail Life, Inc. |
|
Guarantor |
|
Neka Salon Supply, Inc. |
|
Guarantor |
|
New Image Professional Products, Inc. |
|
Guarantor |
|
Power IQ, Inc. |
|
Guarantor |
|
Procare Laboratories, Inc. |
|
Guarantor |
|
Xxxxx Beauty Distribution of Ohio, Inc. |
|
Guarantor |
|
Xxxxx Beauty Distribution LLC |
|
Guarantor |
|
Xxxxx Beauty Holdings, Inc. |
|
Guarantor |
|
Xxxxx Beauty International Finance LLC |
|
Guarantor |
|
Xxxxx Capital Inc. |
|
Guarantor |
|
Xxxxx Investment Holdings LLC |
|
Guarantor |
Schedule II to First Amendment to Credit Agreement
|
Salon Success International, LLC |
|
Guarantor |
|
Satin Strands, Inc. |
|
Guarantor |
|
SBH Finance B.V. |
|
Canadian Guarantor |
|
Xxxxxxxxxx Beauty Supply, Inc. |
|
Guarantor |
|
Sexy U Products, Inc. |
|
Guarantor |
|
Silk Elements, Inc. |
|
Guarantor |
|
Soren Enterprises, Inc. |
|
Guarantor |
|
Tanwise, Inc. |
|
Guarantor |
Schedule II to First Amendment to Credit Agreement
