ADDITIONAL DEBTOR JOINDER May 23, 2016 Security Agreement dated as of February 18, 2016 made by VaultLogix, LLC, as Debtor to and in favor of the Secured Party identified therein (the “Security Agreement”)
Exhibit 10.8
May 23, 2016
Security Agreement dated as of February 18, 2016 made by
VaultLogix, LLC, as Debtor
to and in favor of
the Secured Party identified therein (the “Security Agreement”)
Reference is made to the Security Agreement as defined above; capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in, or by reference in, the Security Agreement.
Each of the undersigned hereby agrees that upon delivery of this Additional Debtor Joinder to the Secured Party referred to above, such undersigned shall (a) be an Additional Debtor under the Security Agreement, (b) have all the rights and obligations of the Debtor under the Security Agreement as fully and to the same extent as if the undersigned was an original signatory thereto and (c) be deemed to have made the representations and warranties set forth therein as of the date of execution and delivery of this Additional Debtor Joinder. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, EACH OF THE UNDERSIGNED SPECIFICALLY GRANTS TO THE SECURED PARTY A SECURITY INTEREST IN THE COLLATERAL AS MORE FULLY SET FORTH IN THE SECURITY AGREEMENT AND ACKNOWLEDGES AND AGREES TO THE WAIVER OF JURY TRIAL PROVISIONS SET FORTH THEREIN.
Each of the undersigned acknowledges the Forbearance and Amendment Agreement, dated May 17, 2016, by and between InterCloud Systems, Inc., VaultLogix, LLC and the Secured Party (the “Forbearance Agreement”), and acknowledges and agrees that all references to the “Obligations” in the Security Agreement includes the A&R Note and the Senior Secured Note (each as defined in the Forbearance Agreement).
Attached hereto are supplemental and/or replacement Schedules to the Security Agreement, as applicable.
An executed copy of this Joinder shall be delivered to the Secured Party, and the Secured Party may rely on the matters set forth herein on or after the date hereof. This Joinder shall not be modified, amended or terminated without the prior written consent of the Secured Party.
| 1 |
IN WITNESS WHEREOF, the undersigned have caused this Joinder to be executed in the name and on behalf of the undersigned on the day and year first above written.
| By: | ||
| Name: | ||
| Its: |
T N S, INC.
| By: | ||
| Name: | ||
| Its: |
INTEGRATION PARTNERS – NY CORPORATION
| By: | ||
| Name: | ||
| Its: |
ADEX CORPORATION
| By: | ||
| Name: | ||
| Its: |
AW SOLUTIONS, INC.
| By: | ||
| Name: | ||
| Its: |
| 2 |
RENTVM INC.
| By: | ||
| Name: | ||
| Its: |
ADEX PUERTO RICO LLC
| By: | ||
| Name: | ||
| Its: |
ADEXCOMM CORPORATION
| By: | ||
| Name: | ||
| Its: |
TROPICAL COMMUNICATIONS, INC.
| By: | ||
| Name: | ||
| Its: |
AW SOLUTIONS PUERTO RICO, LLC
| By: | ||
| Name: | ||
| Its: |
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LEASING, LLC
| By: | ||
| Name: | ||
| Its: |
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ENGINEERING, LLC
| By: | ||
| Name: | ||
| Its: |
NOTTINGHAM ENTERPRISES, LLC
| By: | ||
| Name: | ||
| Its: |
| 3 |
SUPPLEMENT TO
SCHEDULE A
Locations of Books of Account, Records and Collateral
| Entity | Address | City | State | Zip | Leased | Occupancy* | ||||||||||||
| ADEX | ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ | ▇▇▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| ADEX | ▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇ | ▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Office | |||||||||||||
| ADEX | ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇ | ▇▇▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| ADEX | ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇ ▇▇▇▇ | ▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| ADEX | ▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇ | ▇▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| AWS | 300,320,330,340,380, 230, ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇ | ▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| AWS | ▇▇-▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ | ▇▇▇▇▇▇ ▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| AWS | ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | ▇▇▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Home Office | ||||||||||||
| AWS | ▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ | ▇▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| AWS | ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇-▇▇▇ | ▇▇▇ ▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| AWS/ICLD | ▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ | ▇▇▇▇ ▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| Tropical | ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ #▇▇ | ▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office/Warehouse | ||||||||||||
| Tropical | ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ #▇▇ | ▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| IPC NY | ▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇ | ▇▇▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office/Warehouse | ||||||||||||
| TNS | ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ | ▇▇▇ ▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office | ||||||||||||
| RME | ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | ▇▇▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Office/Warehouse | ||||||||||||
| ICLD (HQ) | ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ | ▇▇▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇ | Yes | Office | ||||||||||||
| ICLD | ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ | ▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | Warehouse | ||||||||||||
| VaultLogix | ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ | ▇▇▇▇▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | |||||||||||||
| VaultLogix | ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ | ▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | |||||||||||||
| VaultLogix | ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ | ▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | |||||||||||||
| VaultLogix | ▇▇▇-▇▇▇ ▇ ▇▇▇▇▇▇ ▇▇ | ▇▇▇▇▇▇▇ | ▇▇ | ▇▇▇▇▇ | Yes | |||||||||||||
| Logical Link | ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ | ▇▇▇▇▇▇▇ | ▇▇▇▇▇ | ▇▇▇▇▇ | Yes | Leased Space | ||||||||||||
| Logical Link | ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ | ▇▇▇▇▇▇▇▇▇▇ | ▇▇▇▇▇▇▇▇▇▇▇ | ▇▇▇▇▇ | Yes | Leased Space | ||||||||||||
| 4 |
SUPPLEMENT TO
SCHEDULE B
Liens
Entity; Secured Party (Financing Statement Filing #)
| 1. | ▇▇▇▇▇, Inc. (#20145151535; 20144642765) |
| 2. | Faunus Group International, Inc. (#20151179992) |
| 3. | JGB (Cayman) Waltham Ltd. (#20156311608) |
Tropical Communications, Inc.
| 1. | Faunus Group International, Inc. (#201503310351) |
| 2. | JGB (Cayman) Waltham Ltd. (#201506112712) |
▇▇▇▇▇-▇▇▇▇▇▇▇▇ Engineering, LLC
| 1. | Capstone Bank (#09-▇▇▇▇▇▇▇; ▇▇-▇▇▇▇▇▇▇) |
| 2. | Faunus Group International, Inc. (#▇▇-▇▇▇▇▇▇▇) |
| 3. | JGB (Cayman) Waltham Ltd. (#▇▇-▇▇▇▇▇▇▇) |
▇▇▇▇▇-▇▇▇▇▇▇▇▇ Leasing, LLC
| 1. | Faunus Group International, Inc. (#▇▇-▇▇▇▇▇▇▇) |
| 2. | JGB (Cayman) Waltham Ltd. (#▇▇-▇▇▇▇▇▇▇) |
T N S, Inc.
| 1. | Faunus Group International, Inc. (#020146028) |
| 2. | JGB (Cayman) Waltham Ltd. (#020984163) |
ADEX Corporation
| 1. | Faunus Group International, Inc. (#201503205286238) |
| 2. | Lease Corporation of America (#201505225560151) |
| 3. | JGB (Cayman) Waltham Ltd. (#201512310677993) |
ADEXCOMM Corporation
| 1. | Faunus Group International, Inc. (#20150331036X) |
| 2. | JGB (Cayman) Waltham Ltd. (#201506112704) |
ADEX Puerto Rico LLC
| 1. | Faunus Group International, Inc. (#2015001884) |
| 2. | JGB (Cayman) Waltham Ltd. (#[______]) |
AW Solutions, Inc.
| 1. | Faunus Group International, Inc. (#201503310424) |
| 2. | JGB (Cayman) Waltham Ltd. (#201506112690) |
| 5 |
AW Solutions Puerto Rico, LLC
| 1. | Faunus Group International, Inc. (#2015001883) |
| 2. | JGB (Cayman) Waltham Ltd. (#[______]) |
Integration Partners – NY Corporation
| 1. | Faunus Group International, Inc. (#51114572) |
| 2. | JGB (Cayman) Waltham Ltd. (#51476861) |
RentVM Inc.
| 1. | Faunus Group International, Inc. (#51114594) |
| 2. | JGB (Cayman) Waltham Ltd. (#51476856) |
Nottingham Enterprises LLC
| 1. | JGB (Cayman) Waltham Ltd. (#20151230021302060) |
| 6 |
SUPPLEMENT TO
SCHEDULE c
Filings with Governmental or Regulatory Authorities, Agencies or Recording Offices;
UCC Filing Jurisdictions
Entity; Secured Party (Financing Statement Filing #)
| 1. | ▇▇▇▇▇, Inc. (#20145151535; 20144642765) |
| 2. | Faunus Group International, Inc. (#20151179992) |
| 3. | JGB (Cayman) Waltham Ltd. (#20156311608) |
Tropical Communications, Inc.
| 1. | Faunus Group International, Inc. (#201503310351) |
| 2. | JGB (Cayman) Waltham Ltd. (#201506112712) |
▇▇▇▇▇-▇▇▇▇▇▇▇▇ Engineering, LLC
| 1. | Capstone Bank (#09-▇▇▇▇▇▇▇; ▇▇-▇▇▇▇▇▇▇) |
| 2. | Faunus Group International, Inc. (#▇▇-▇▇▇▇▇▇▇) |
| 3. | JGB (Cayman) Waltham Ltd. (#▇▇-▇▇▇▇▇▇▇) |
▇▇▇▇▇-▇▇▇▇▇▇▇▇ Leasing, LLC
| 1. | Faunus Group International, Inc. (#▇▇-▇▇▇▇▇▇▇) |
| 2. | JGB (Cayman) Waltham Ltd. (#▇▇-▇▇▇▇▇▇▇) |
T N S, Inc.
| 1. | Faunus Group International, Inc. (#020146028) |
| 2. | JGB (Cayman) Waltham Ltd. (#020984163) |
ADEX Corporation
| 1. | Faunus Group International, Inc. (#201503205286238) |
| 2. | Lease Corporation of America (#201505225560151) |
| 3. | JGB (Cayman) Waltham Ltd. (#201512310677993) |
ADEXCOMM Corporation
| 1. | Faunus Group International, Inc. (#20150331036X) |
| 2. | JGB (Cayman) Waltham Ltd. (#201506112704) |
ADEX Puerto Rico LLC
| 1. | Faunus Group International, Inc. (#2015001884) |
| 2. | JGB (Cayman) Waltham Ltd. (#[______]) |
AW Solutions, Inc.
| 1. | Faunus Group International, Inc. (#201503310424) |
| 2. | JGB (Cayman) Waltham Ltd. (#201506112690) |
| 7 |
AW Solutions Puerto Rico, LLC
| 1. | Faunus Group International, Inc. (#2015001883) |
| 2. | JGB (Cayman) Waltham Ltd. (#[______]) |
Integration Partners – NY Corporation
| 1. | Faunus Group International, Inc. (#51114572) |
| 2. | JGB (Cayman) Waltham Ltd. (#51476861) |
RentVM Inc.
| 1. | Faunus Group International, Inc. (#51114594) |
| 2. | JGB (Cayman) Waltham Ltd. (#51476856) |
Nottingham Enterprises LLC
| 1. | JGB (Cayman) Waltham Ltd. (#20151230021302060) |
UCC Filing Jurisdictions
Alabama
Delaware
Florida
Illinois
New Jersey
New York
Oklahoma
Commonwealth of Puerto Rico
| 8 |
SUPPLEMENT TO
SCHEDULE D
Debtor Name, Jurisdiction of Organization,
Organizational Identification Number and Address
InterCloud Systems, Inc.; a Delaware corporation; Org. ID 3131825; ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ #▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
ADEX Corporation; a ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇; ▇▇▇. ▇▇ ▇▇▇▇▇▇▇; ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
ADEX Puerto Rico LLC; a Puerto Rico limited liability company; Org. ID 1067; ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
ADEXCOMM Corporation; a Florida corporation; Org. ID P13000017150; ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
AW Solutions, Inc.; a Florida corporation; Org. ID P06000054864; ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
AW Solutions Puerto Rico, LLC; a Puerto Rico limited liability company; Org. ID 3123; ▇▇-▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇▇▇▇▇ Engineering, LLC; an Alabama limited liability company; Org. ID 416-995; ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇▇▇▇▇ Leasing, LLC; an Alabama limited liability company; Org. ID 661-122; ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
T N S, Inc.; an Illinois corporation; Org. ID 62331666; ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tropical Communications, Inc.; a Florida corporation; ▇▇▇. ▇▇ ▇▇▇▇▇▇; ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ #▇▇, ▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Integration Partners-NY Corporation; a New Jersey corporation; Org. ID 0400262952; ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ #▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
RentVM Inc.; a New Jersey Corporation; Org. ID 0400485873; ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ #▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Nottingham Enterprises, LLC; an Oklahoma limited liability company (40% owned); Org. ID 3512228686; ▇▇▇▇ ▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
| 9 |
SUPPLEMENT TO
SCHEDULE E
Trade Names; Mergers and Acquisitions
InterCloud Systems, Inc., formerly Genesis Group Holdings, ▇-▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc., and Genesis Realty Group, Inc.
ADEX Corporation, acquired the assets of Broadview Holdings doing business as HighWire Communications
ADEX Puerto Rico LLC
ADEXCOMM Corporation
AW Solutions, Inc., acquired the assets of FRJ, LLC which did business as Logical Link
AW Solutions Puerto Rico, LLC
▇▇▇▇▇-▇▇▇▇▇▇▇▇ Engineering, LLC, has also done business as RME
▇▇▇▇▇-▇▇▇▇▇▇▇▇ Leasing, LLC
T N S, Inc., also has done business as TelNet Solutions
Tropical Communications, Inc.
Integration Partners - NY Corporation, has also done business as IPC
RentVM
VaultLogix, LLC, acquired the assets of PCS Holding LLC which did business as AXIM Cloud
Nottingham Enterprise LLC
Data Protection Services, LLC, also DPS
U.S. Data Security Acquisition, LLC, also US Data Trust
| 10 |
SUPPLEMENT TO
SCHEDULE F
Intellectual Property
None.
| 11 |
SUPPLEMENT TO
SCHEDULE G
Account Debtors
None.
| 12 |
SUPPLEMENT TO
Schedule H
Pledged Securities
▇▇▇▇▇-▇▇▇▇▇▇▇▇ Leasing, LLC
100% of membership interest owned by InterCloud Systems, Inc.
Tropical Communications, Inc.
Shares of Common Stock Outstanding: 100; 100% of Common Stock equity interests owned by InterCloud Systems, Inc.
ADEX Corporation
Shares of Common Stock Outstanding: 100; 100% of Common Stock equity interests owned by InterCloud Systems, Inc.
ADEXCOMM Corporation
Shares of Common Stock Outstanding: 10; 100% of Common Stock equity interests owned by InterCloud Systems, Inc.
ADEX Puerto Rico LLC
100% of membership interest owned by InterCloud Systems, Inc.
T N S, Inc.
Shares of Common Stock Outstanding: 1,000; 100% of Common Stock equity interests owned by InterCloud Systems, Inc.
AW Solutions, Inc.
Shares of Common Stock Outstanding: 5,000; 100% of Common Stock equity interests owned by InterCloud Systems, Inc.
AW Solutions Puerto Rico, LLC
100% of membership interest owned by InterCloud Systems, Inc.
Integration Partners - NY Corporation
100%
of membership interest owned by InterCloud Systems, Inc.
RentVM Inc.
Shares of Common Stock authorized: 10,000; Outstanding: 10,000
100% of Common Stock entity interests owned by InterCloud Systems, Inc.
Nottingham Enterprises, LLC
40% of membership interests owned by InterCloud Systems, Inc.
| 13 |
SUPPLEMENT TO
Schedule I
Pledged Accounts
PNC Bank, National Association Accounts
Depository/Collection Accounts
| Intercloud Systems | 8026293856 | |
| ADEX Puerto Rico | 8026293848 | |
| ADEX Corporation | 8026293821 | |
| AW Solutions, Inc. | 8026293813 | |
| Telnet Solutions, Inc. | 8026293805 | |
| Integration Partners Corporation NY | 8026294111 |
Operating/Disbursement Accounts
| Intercloud Systems | 8026293725 | |
| ADEX Puerto Rico | 8026293717 | |
| ADEX Corporation | 8026293709 | |
| AW Solutions, Inc. | 8026293696 | |
| Telnet Solutions, Inc. | 8026293688 | |
| Integration Partners Corporation NY | 8026294103 |
Hapoalim Bank
| ADEX Corporation | 01080324-01 | |
| ADEX Puerto Rico | 108050601 | |
| Iberia Bank | ||
| AW Solutions, Inc. | 1092940405 | |
| AW Solutions, Inc. | 1092940416 | |
Regions Bank
| Broadview Technologies, Inc. | 0186128892 | |
| (DBA High Wire Networks) |
14