AMENDMENT NO. 1 TO PLEDGE OF BOND AGREEMENTPledge of Bond Agreement • July 10th, 2009 • HSI IP, Inc. • Wholesale-durable goods
This AMENDMENT NO. 1 to the PLEDGE OF BOND AGREEMENT (as defined below), dated as of November 1, 2007 (this “Amendment”), is entered into among HD SUPPLY CANADA INC., an Ontario amalgamated corporation (the “Canadian Borrower”) and MERRILL LYNCH CAPITAL CANADA INC., as Canadian Agent and mandatary (in such capacity, the “Canadian Agent”).
PLEDGE OF BOND AGREEMENTPledge of Bond Agreement • July 10th, 2009 • HSI IP, Inc. • Wholesale-durable goods
WHEREAS the Grantor has issued the Bond (as hereinafter defined) pursuant to a Deed of Hypothec and Issue of Bonds executed on August 30, 2007 before Mtre. Marc Daigneault, Notary, by the Grantor in favour of Merrill Lynch Capital Canada Inc., as “fondé de pouvoir” (in such capacity the “Attorney”, and such term shall include its successors and assigns) for the holders of the bonds issued thereunder (the “Deed of Hypothec”);
