STOCK PLEDGE AND SECURITY AGREEMENTStock Pledge and Security Agreement • October 8th, 2013 • Champion Industries Inc • Commercial printing • Louisiana
On this 7th day of October, 2013, each of MARSHALL T. REYNOLDS, a West Virginia resident (hereinafter referred to as "Debtor") whose mailing address is P.O. Box 4040, Huntington, West Virginia 25729, DOUGLAS V. REYNOLDS, a West Virginia resident (hereinafter referred to as an “Hypothecator” and collectively as “Hypothecators”) whose mailing address is 703 ½ Fifth Avenue, Huntington, West Virginia 25701 and JACK M. REYNOLDS, a West Virginia resident (hereinafter referred to as an “Hypothecator” and collectively as “Hypothecators”) whose mailing address is P.O. Box 4040, Huntington, West Virginia 25729, for value received, in accordance with the Uniform Commercial Code as adopted in Ohio hereby gives and grants to BIG 4 INVESTMENTS, LLC, a Louisiana limited liability company, (hereinafter referred to as "Secured Party"), with a mailing address of 63399 Highway 51, Roseland, Louisiana 70456, a security interest in, and does further hereby pledge and, in the case of Hypothecators, hypothec
GUARANTY AGREEMENTGuaranty Agreement • October 8th, 2013 • Champion Industries Inc • Commercial printing • Louisiana
IN CONSIDERATION of a loan by BIG 4 INVESTMENTS, LLC, a Louisiana limited liability company (hereinafter "Lender") to CHAMPION INDUSTRIES, INC., a West Virginia corporation (hereinafter "Borrower") in the principal amount of Ten Million Dollars ($10,000,000), together with interest thereon evidenced by Borrower's Term Note A (hereinafter "Note") dated October 7, 2013 payable to the order of Lender, and in consideration of all other loans, advances, discounts or credits heretofore or hereafter granted by Lender to Borrower and in order to enable Borrower to maintain the Note and all such loans, advances, discounts or credits, the undersigned MARSHALL T. REYNOLDS (“Guarantor”) guarantees, absolutely and unconditionally, the prompt satisfaction when due, whether by acceleration or otherwise, of the Note and each and every other obligation of Borrower to Lender, now existing or hereafter arising, together with such interest as may accrue thereon, whether such indebtedness is incurred as pr
ContractCredit Agreement • October 8th, 2013 • Champion Industries Inc • Commercial printing • Ohio
TERM NOTE ATerm Note • October 8th, 2013 • Champion Industries Inc • Commercial printing
FOR VALUE RECEIVED, receipt of which is hereby acknowledged, the undersigned Champion Industries, Inc., a West Virginia corporation (the “Borrower”) promises to pay to the order of Big 4 Investments, LLC, a Louisiana limited liability company (hereinafter referred to as the “Successor Lender”) Ten Million Dollars ($10,000,000.00) with interest on the principal amount thereof outstanding from time to time from the date hereof until paid in full, at an interest rate which is subject to change from time to time based on changes in an independent index which is the highest Prime Rate most recently published in “The Wall Street Journal’s money rates column” as the base rate on corporate loans at large U.S. money center commercial banks (the “Index”) plus two percent (2%). If the Index becomes unavailable during the term of this loan, the Successor Lender may designate a substitute index after notifying Borrower. The interest rate change will not occur more often than each day. Any change in
