JOINDER TO CREDIT AGREEMENTCredit Agreement • July 13th, 2021 • Krispy Kreme, Inc. • Retail-food stores • New York
JOINDER TO CREDIT AGREEMENT, dated as of July 8, 2021 (this “Agreement”) to the Credit Agreement, dated as of June 13, 2019 (as amended by that certain Master Amendment No. 1, dated as of July 8, 2021 (the “Amendment”), and as may be further amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the “Credit Agreement”), among Cotton Parent, Inc., a Delaware corporation (“Holdings”), Krispy Kreme Doughnuts, Inc., a North Carolina corporation (the “Parent Borrower”), the lenders party thereto from time to time, the Administrative Agent and the Collateral Agent, and the other parties thereto from time to time.
MASTER AMENDMENT NO. 1Credit Agreement • July 13th, 2021 • Krispy Kreme, Inc. • Retail-food stores • New York
Refinancing”), and (B) pay fees, costs and expenses related to the Transactions (including accrued and unpaid interest and applicable premiums). The proceeds of the Revolving Loans and Swingline Loans, and any Letters of Credit, as applicable, will be used (A) on the Closing Date, (i) to fund the Existing Indebtedness Refinancing and to pay fees, costs and expenses related to the Transactions, (ii) to fund working capital needs, and (iii) to replace, backstop or cash collateralize Existing Letters of Credit (including by “grandfathering” such Existing Letters of Credit in the Revolving Facility), and (B) after the Closing Date, for general corporate purposes and for any other purpose not prohibited by the Loan Documents.
