Exhibit 10.1
TENTH AMENDMENT TO THE
RECEIVABLES PURCHASE AGREEMENT
This TENTH AMENDMENT TO THE RECEIVABLES PURCHASE AGREEMENT (this “Amendment”),
dated as of August 6, 2020, is entered into by and among the following parties:
i.DXC RECEIVABLES LLC (F/K/A CSC RECEIVABLES LLC), a Delaware limited liability
company, as Seller (the “Seller”);
ii.DXC TECHNOLOGY COMPANY, a Nevada corporation, as Servicer (the “Servicer”);
iii.PNC BANK, NATIONAL ASSOCIATION, as a Committed Purchaser, as Group Agent for
its Purchaser Group and as Administrative Agent (in such capacity, the
“Administrative Agent”);
iv.WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Committed Purchaser and as Group
Agent for its Purchaser Group;
v.MUFG BANK, LTD. (F/K/A THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.), as a Committed
Purchaser and as Group Agent for its Purchaser Group;
vi.FIFTH THIRD BANK, NATIONAL ASSOCIATION (F/K/A FIFTH THIRD BANK), as a
Committed Purchaser and as Group Agent for its Purchaser Group;
vii.MIZUHO BANK, LTD., as a Committed Purchaser and as Group Agent for its
Purchaser Group; and
viii.THE TORONTO DOMINION BANK, as a Committed Purchaser and as Group Agent for
its Purchaser Group.
Capitalized terms used but not otherwise defined herein (including such terms
used above) have the respective meanings assigned thereto in the Receivables
Purchase Agreement described below.
BACKGROUND
A.    The parties hereto have entered into a Receivables Purchase Agreement,
dated as of December 21, 2016 (such date, the “Original Closing Date”) (as
amended, restated, supplemented or otherwise modified through the date hereof,
the “Receivables Purchase Agreement”).
B.    Concurrently herewith, the Seller, as buyer, the Servicer, PDA Software
Services LLC (the “Exiting Originator”), Alliance-One Services, Inc., Computer
Sciences Corporation, CSC Consulting, Inc., CSC Covansys Corporation, CSC
Cybertek Corporation, CSC Puerto Rico, LLC, DXC Technology Services LLC, Mynd
Corporation and Tribridge Holdings, LLC
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are entering into that certain Sixth Amendment to the Purchase and Sale
Agreement, dated as of the date hereof (the “Sale Agreement Amendment”).
C.    Concurrently herewith, the parties hereto and PNC Capital Markets LLC, as
Structuring Agent, are entering into that certain Seventh Amended and Restated
Fee Letter, dated as of the date hereof (the “Amended Fee Letter”).
D.    Concurrently herewith, the Exiting Originator, CSC Cybertek Corporation,
CSC Covansys Corporation, the Seller and the Administrative Agent, are entering
into that certain Assignment Agreement (the “Assignment Agreement”), dated as of
the date hereof, whereby the Seller agrees to sell back certain Receivables
originated by the Exiting Originator, CSC Cybertek Corporation and CSC Covansys
Corporation to the Exiting Originator, CSC Cybertek Corporation and CSC Covansys
Corporation, respectively.
E.    The parties hereto acknowledge and agree that certain of the Receivables
originated by the Exiting Originator, CSC Cybertek Corporation and CSC Covansys
Corporation include MMIS Receivables and pursuant to the Ninth Amendment, dated
as of May 29, 2020 (such date, the “Ninth Amendment Date”, and such amendment,
the “Ninth Amendment”), among the parties hereto, whereby the parties hereto,
amongst other things, designated such MMIS Receivables as Excluded Receivables.
The Seller, the Originators (including CSC Cybertek Corporation and CSC Covansys
Corporation), the Exiting Originator and the Servicer have informed the
Administrative Agent and each Group Agent that all Information Packages and
other similar reports delivered by the Servicer, the Originators or the Seller
pursuant to the Transaction Documents on and after the Ninth Amendment Date with
respect to the Pool Receivables and the transactions contemplated by the
Transaction Documents have treated such Receivables as Excluded Receivables for
all purposes. Therefore, the parties hereto desire to enter into the Assignment
Agreement effective as of the Ninth Amendment Date to sell back to the Exiting
Originator, CSC Cybertek Corporation and CSC Covansys Corporation, as
applicable, such MMIS Receivables that were sold, contributed, assigned, pledged
or otherwise transferred to the Seller or the Administrative Agent pursuant to
the Transaction Documents prior to the Ninth Amendment Date and, on and after
the Ninth Amendment Date, to confirm that such Receivables have not been sold,
contributed, assigned, pledged or otherwise transferred to the Seller or the
Administrative Agent pursuant to the Transaction Documents.
F.    The parties hereto desire to amend the Receivables Purchase Agreement as
set forth herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.Amendments to the Receivables Purchase Agreement. The Receivables
Purchase Agreement is hereby amended as shown on the marked pages of the
Receivables Purchase Agreement attached hereto as Exhibit A.
c.Notices and Consents.
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i.Confirmation regarding certain Excluded Receivables. The parties hereto
confirm their agreement that, after the Ninth Amendment Date, no MMIS
Receivables have been sold, contributed, assigned, pledged or otherwise
transferred to the Seller or the Administrative Agent pursuant to the
Transaction Documents.
ii.Notice of Entry into the Assignment Agreement. The Seller hereby provides
notice of its entry into the Assignment Agreement along with duly executed copy
of the Assignment Agreement and requests that each of the parties hereto
acknowledge and consent to the execution of the Assignment Agreement.
iii.Consent to Entry into the Assignment Agreement. Each of the parties hereto
acknowledges, consents and agrees to the terms of the Assignment Agreement and
waives any otherwise applicable conditions precedent thereto under the
Receivables Purchase Agreement and the other Transactions Documents (other than
as set forth herein).
iv.Consent to Filing Certain UCC Financing Statements. In connection with the
execution of the Assignment Agreement and the Sale Agreement Amendment, each of
the parties hereto hereby consents to the filing of the financing statements
attached hereto as Exhibit B.
d.Representations and Warranties of the Seller and Servicer. Each of the Seller
and the Servicer hereby represents and warrants, as to itself, to the
Administrative Agent, each Purchaser and each Group Agent, as follows:
1.Representations and Warranties. Immediately after giving effect to this
Amendment, the representations and warranties made by such Person in the
Transaction Documents to which it is a party are true and correct as of the date
hereof (unless stated to relate solely to an earlier date, in which case such
representations or warranties were true and correct as of such earlier date).
2.Enforceability. This Amendment and each other Transaction Document to which it
is a party, as amended hereby, constitute the legal, valid and binding
obligation of such Person enforceable against such Person in accordance with its
respective terms, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization or other similar laws affecting the enforcement of
creditors’ rights generally and by general principles of equity, regardless of
whether enforceability is considered in a proceeding in equity or at law.
3.No Termination Event. No event has occurred and is continuing, or would result
from the transactions contemplated hereby, that constitutes an Event of
Termination, Non-Reinvestment Event, Unmatured Event of Termination or Unmatured
Non-Reinvestment Event.
c.Effect of Amendment. All provisions of the Receivables Purchase Agreement and
the other Transaction Documents, as expressly amended and modified by this
Amendment, shall remain in full force and effect. After this Amendment becomes
effective, all references in the Receivables Purchase Agreement (or in any other
Transaction Document) to “this Receivables Purchase Agreement”, “this
Agreement”, “hereof”, “herein” or words of similar effect referring to the
Receivables Purchase Agreement shall be deemed to be references to the
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Receivables Purchase Agreement as amended by this Amendment. This Amendment
shall not be deemed, either expressly or impliedly, to waive, amend or
supplement any provision of the Receivables Purchase Agreement other than as set
forth herein.
d.Consent to Sale Agreement Amendment. Each of the parties hereto hereby consent
to the execution and delivery of Sale Agreement Amendment in the form of Exhibit
D attached hereto.
e.Effectiveness. This Amendment shall become effective as of the date hereof
upon receipt by the Administrative Agent of each of the documents, agreements
(in fully executed form), UCC filings and other deliverables listed on the
closing memorandum attached as Exhibit C hereto, in each case, in form and
substance acceptable to the Administrative Agent.
f.Counterparts. This Amendment may be executed in any number of counterparts and
by different parties on separate counterparts, each of which when so executed
shall be deemed to be an original and all of which when taken together shall
constitute but one and the same instrument. Delivery of an executed counterpart
of a signature page to this Amendment by facsimile or e-mail transmission shall
be effective as delivery of a manually executed counterpart hereof.
g.GOVERNING LAW. THIS AMENDMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES
HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER
CONFLICTS OF LAW PROVISIONS THEREOF).
h.Section Headings. The various headings of this Amendment are included for
convenience only and shall not affect the meaning or interpretation of this
Amendment, the Receivables Purchase Agreement or any provision hereof or
thereof.
[Signature Pages Follow.]
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their
duly authorized officers as of the date first above written.

DXC RECEIVABLES LLC,
as Seller

By:/s/ H.C. Charles Diao

Name: H.C. Charles Diao    
Title: President and Treasurer    

DXC TECHNOLOGY COMPANY,
as Servicer

By:/s/ H.C. Charles Diao

Name: H.C. Charles Diao    
Title: Senior Vice President and Treasury and    
Corporate Development    

    

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PNC BANK, NATIONAL ASSOCIATION,
as Administrative Agent

By: /s/ Michael Brown________________    
Name: Michael brown
Title: Senior Vice President

PNC BANK, NATIONAL ASSOCIATION,
as a Committed Purchaser

By: /s/ Michael Brown________________    
Name: Michael brown
Title: Senior Vice President
PNC BANK, NATIONAL ASSOCIATION,
as Group Agent for its Purchaser Group

By: /s/ Michael Brown_________________
Name: Michael brown
Title: Senior Vice President

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WELLS FARGO, NATIONAL ASSOCIATION,
as a Committed Purchaser

By:/s/ Jonathan DavisName: Jonathan Davis
Title: Asst Vice President
WELLS FARGO, NATIONAL ASSOCIATION,
as Group Agent for its Purchaser Group

By:/s/ Jonathan DavisName: Jonathan Davis
Title: Asst Vice President

MUFG BANK, LTD.,
as a Committed Purchaser

By:/s/ Eric WilliamsName: Eric Williams
Title: Managing Director

MUFG BANK, LTD.,
as Group Agent for its Purchaser Group

By:/s/ Eric WilliamsName: Eric Williams
Title: Managing Director

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FIFTH THIRD BANK, NATIONAL ASSOCIATION,
as a Committed Purchaser

    

By:/s/ Brian GardnerName: Brian Gardner
Title: Managing Director
FIFTH THIRD BANK, NATIONAL ASSOCIATION,
as Group Agent for its Purchaser Group

By:    
Name:
Title:

By:/s/ Brian GardnerName: Brian Gardner
Title: Managing Director

MIZUHO BANK, LTD.,
as a Committed Purchaser

    

By:/s/ Richard A. BurkeName: Richard A. Burke
Title: Managing Director
MIZUHO BANK, LTD.,
as Group Agent for its Purchaser Group

By:/s/ Richard A. BurkeName: Richard A. Burke
Title: Managing Director

THE TORONTO DOMINION BANK,
as a Committed Purchaser

    

By:
/s/ Luna Mills
Name: Luna Mills
Title: Managing Director
THE TORONTO DOMINION BANK,
as Group Agent for its Purchaser Group

    

By:
/s/ Luna Mills
Name: Luna Mills
Title: Managing Director

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With respect to Section 2(a):
CSC CYBERTEK CORPORATION,
as an Originator

By:_/s/ H.C. Charles Diao_____________________
Name: H.C. Charles Diao
Title: President and Treasurer

CSC COVANSYS CORPORATION,
as an Originator

By:_/s/ H.C. Charles Diao _____________________
Name: H.C. Charles Diao
Title: President and Treasurer

PDA SOFTWARE SERVICES LLC,
as Exiting Originator

By:_/s/ H.C. Charles Diao_____________________
Name: H.C. Charles Diao
Title: President and Treasurer

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Exhibit A

Amendments to the Receivables Purchase Agreement

[Attached]

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Exhibit B

UCC Financing Statements

[Attached]
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Exhibit C

Closing Memorandum

[Attached]
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Exhibit D

Sale Agreement Amendment

[Attached]

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