Credit Agreement Dated as of June 2, 2015 among The Tile Shop, LLC and Certain Subsidiaries as Borrowers, Tile Shop Holdings, Inc., as a Guarantor Fifth Third Bank, as Administrative Agent, Swing Line Lender and L/C Issuer, Bank of America, N.A. As...Credit Agreement • June 4th, 2015 • Tile Shop Holdings, Inc. • Retail-home furniture, furnishings & equipment stores • New York
This Credit Agreement (“Agreement”) is entered into as of June 2, 2015, among Tile Shop Holdings, Inc., a Delaware corporation (“Holdings”), The Tile Shop, LLC, a Delaware limited liability company (the “Company”), Tile Shop Lending, Inc., a Delaware corporation (“Tile Shop Lending”), and certain Subsidiaries of the Company party hereto pursuant to Section 2.14 as borrowers (each such Subsidiary and Tile Shop Lending, a “Designated Borrower” and, together with the Company, the “Borrowers”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), Fifth Third Bank, an Ohio banking corporation, as Administrative Agent, Swing Line Lender and L/C Issuer, and Bank of America, N.A., as Syndication Agent.
Security AgreementSecurity Agreement • June 4th, 2015 • Tile Shop Holdings, Inc. • Retail-home furniture, furnishings & equipment stores • New York
All of that certain tract of land, situated in the Iriswood District of Henry County, Virginia, on the Easterly side of State Route No. 610 and on the Westerly side of State Route 711, which tract being shown as Tract B, contains 25.31 acres, more or less, as shown on a Plat of Survey for Evans Warehouse, Inc. prepared by Larry G. Rakes, C.L.S. dated June 25, 1984, revised November 29, 1984, revised February 13, 1995, and being more commonly known as 9351 Axton Road, Axton, Virginia, in accordance with the numbering system currently utilized by the County of Henry.
Guaranty AgreementGuaranty Agreement • June 4th, 2015 • Tile Shop Holdings, Inc. • Retail-home furniture, furnishings & equipment stores • New York
This Guaranty Agreement dated as of June 2, 2015 (this “Guaranty Agreement”), is being entered into among each of the undersigned and each other person who shall become a party hereto by execution of a Guaranty Joinder Agreement (each a “Guarantor” and collectively the “Guarantors”) and Fifth Third Bank, an Ohio banking corporation (“Fifth Third”), as Administrative Agent (in such capacity, the “Administrative Agent”) for each of the Secured Parties (as defined in the Credit Agreement referenced below). All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement.
