Exhibit 10.1
 
 

THIRD AMENDMENT dated as of November 20, 2015 (this “Amendment”) to the CREDIT
AGREEMENT dated as of August 22, 2011, as amended and restated as of July 25,
2013, among NCR CORPORATION (the “Borrower”), the LENDERS party thereto and
JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”)
(as amended and in effect prior to the effectiveness of this Amendment, the
“Credit Agreement”).

WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement
in the manner set forth below, and the Lenders whose signatures appear below,
constituting the Required Lenders, are willing so to amend the Credit Agreement,
on the terms and subject to the conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual agreements herein contained and
other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1.  Defined Terms.  Capitalized terms used but not defined herein shall
have the meanings assigned to such terms in the Credit Agreement (as amended
hereby).

SECTION 2.  Amendment of the Credit Agreement.  Effective as of the Third
Amendment Effective Date (as defined below):

(a)  The definition of “Disqualified Equity Interest” in Section 1.01 of the
Credit Agreement is amended by deleting the text “requires the payment of any
dividend (other than dividends payable solely in Qualified Equity Interests) or
that”.

(b)  The definition of “Qualifying Equity Proceeds” in Section 1.01 of the
Credit Agreement is amended by deleting the text “120-day period” and replacing
it with the text “270-day period”.

(c)  The definition of “Change in Control” in Section 1.01 of the Credit
Agreement is amended by replacing clause (b) in its entirety with the following:

“(b) persons who were (i) directors of the Borrower on the date hereof, (ii)
nominated or approved by the board of directors of the Borrower or (iii)
appointed by directors who were directors of the Borrower on the date hereof or
were nominated or approved as provided in clause (ii) above ceasing to occupy a
majority of the seats (excluding vacant seats) on the board of directors of the
Borrower;”

SECTION 3.  Representations and Warranties.  To induce the other parties hereto
to enter into this Amendment, the Borrower hereby represents and warrants to the
Administrative Agent and the Lenders that:
 
 

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(a)  This Amendment has been duly executed and delivered by the Borrower and
constitutes a legal, valid and binding obligation of the Borrower, enforceable
against it in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights
generally, and to general principles of equity, regardless of whether considered
in a proceeding in equity or at law.

(b)  On the Third Amendment Effective Date, and after giving effect to this
Amendment, the representations and warranties of each Loan Party set forth in
the Credit Agreement and in each other Loan Document are true and correct (i) in
the case of the representations and warranties qualified as to materiality, in
all respects and (ii) otherwise, in all material respects, in each case as
though made on and as of the Third Amendment Effective Date, except in the case
of any such representation and warranty that expressly relates to a prior date,
in which case such representation and warranty is so true and correct on and as
of such prior date.

(c)  On and as of the Third Amendment Effective Date, no Default or Event of
Default has occurred and is continuing.

SECTION 4.  Effectiveness.  This Amendment shall become effective on the date
(the “Third Amendment Effective Date”) on which each of the following conditions
is satisfied:

(a)  The Administrative Agent (or its counsel) shall have received duly executed
counterparts (which may include facsimile transmission or other electronic
transmission of a signed counterpart of this Amendment) hereof that, when taken
together, bear the authorized signatures of the Administrative Agent, the
Borrower and Lenders constituting the Required Lenders.

(b)  The Administrative Agent shall have received, in immediately available
funds, reimbursement or payment of all out-of-pocket expenses required to be
reimbursed or paid by the Borrower under the Credit Agreement or under Section 4
hereof, in each case to the extent invoiced at least one Business Day prior to
the Third Amendment Effective Date.

(c)  The Administrative Agent shall have received payment in immediately
available funds from the Borrower, for the account of each Lender that executes
and delivers a counterpart signature page to this Amendment at or prior to 5:00
p.m., New York City time, on November 19, 2015, an amendment fee in an aggregate
amount equal to 0.05% of the aggregate amount of the Term Loans and Revolving
Commitments (whether used or unused) of such Lender outstanding at such time.

The Administrative Agent shall notify the Borrower and the Lenders of the Third
Amendment Effective Date, and such notice shall be conclusive and binding.

SECTION 5.  Expenses. The Borrower agrees to reimburse the Administrative Agent
for its reasonable out-of-pocket expenses in connection with this Amendment and
the transactions contemplated hereby, including the reasonable fees, charges and
disbursements of counsel to the Administrative Agent.
 
 

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SECTION 6.  Effect of Amendment.  (a)  Except as expressly set forth herein,
this Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of or otherwise affect the rights and remedies of the Administrative
Agent, the Issuing Banks or the Lenders under the Credit Agreement or any of the
other Loan Documents, and shall not alter, modify, amend or in any way affect
any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement or any of the other Loan Documents, all of which are
ratified and affirmed in all respects and shall continue in full force and
effect.  Nothing herein shall be deemed to entitle the Borrower to a consent to,
or a waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any of the other Loan Documents in similar or different
circumstances.

(b)  On and after the Third Amendment Effective Date, any reference to the
Credit Agreement in any Loan Document shall be deemed to be a reference to the
Credit Agreement as amended by this Amendment.

(c)  This Amendment shall constitute a Loan Document for all purposes of the
Credit Agreement and each other Loan Document.

SECTION 7.  Applicable Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

SECTION 8.  Counterparts.  This Amendment may be executed in counterparts (and
by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a
single contract.  Delivery of an executed counterpart of a signature page of
this Amendment by facsimile or other electronic imaging shall be as effective as
delivery of a manually executed counterpart of this Amendment.

SECTION 9.  Headings. The Section headings used herein are for convenience of
reference only, are not part of this Amendment and are not to affect the
construction of, or to be taken into consideration in interpreting, this
Amendment.

[Remainder of page intentionally left blank]
 
 
 
 
 

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IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of
the day and year first above written.
 
 
NCR CORPORATION,
 
by
 
/s/ Robert Fishman
 
Name:      Robert Fishman
 
Title:        Senior Vice President and Chief Financial Officer

 
 
 
 
 
 
 

 
 
 
[SIGNATURE PAGE TO THIRD AMENDMENT]

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JPMORGAN CHASE BANK, N.A.,
as Lender and as Administrative Agent,
 
by
 
/s/ Tina Ruyter
 
Name:      Tina Ruyter
 
Title:        Executive Director

 
 
 
 
 
 
 
 
 
 
[SIGNATURE PAGE TO THIRD AMENDMENT]

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT
 
 
Name of Lender: BANK OF AMERICA, N.A.
 

 
by
 
/s/ Jeannette Lu
 
Name:         Jeannette Lu
 
Title:            Vice President

 
 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT
 
 
Name of Lender: ROYAL BANK OF CANADA
 

 
by
 
/s/ Alexander Oliver
 
Name:         Alexander Oliver
 
Title:            Authorized Signatory

 
 
 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT
 
 
Name of Lender: SunTrust Bank
 

 
by
 
/s/ Hays Wood
 
Name:         Hays Wood
 
Title:            Vice President

 
 
 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT
 
 
                                                   Lender: WELLS FARGO BANK,
NATIONAL ASSOCIATION,
 

 
by
 
/s/ Kay Reedy
 
Name:          Kay Reedy
 
Title:        Managing Director

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
                                                   
The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
 

 
by
 
/s/ Lillian Kim
 
Name:         Lillian Kim
 
Title:            Director

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 

 
Name of Lender:
Mizuho Bank Ltd.

 
by
 
/s/ Bertram H. Tang
 
Name:          Bertram H. Tang
 
Title:            Authorized Signatory

 
 
 
 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

Name of Lender: FIFTH THIRD BANK

 
by
 
/s/ Kenneth W. Deere
 
Name:            KENNETH W. DEERE
 
Title:               SENIOR VICE PRESIDENT

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: HSBC Bank USA, National Association

 
by
 
/s/ Devin Moore
 
Name:         Devin Moore
 
Title:            Vice President

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 

 
Name of Lender:
PNC Bank, National Association

 
by
 
/s/ Susan J. Dimmick
 
Name:            Susan J. Dimmick
 
Title:              Managing Director

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 

 
Name of Lender:
Compass Bank

 
by
 
/s/ W. Brad Davis
 
Name:            W. Brad Davis
 
Title:                Senior Vice President

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT
 
 

 
Name of Lender:
TD Bank, N.A.

 
by
 
/s/ Craig Welch
 
Name:            Craig Welch
 
Title:               Senior Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT
 
 
Name of Lender: SANTANDER BANK, N.A.

 
by
 
/s/ Gonzalo Acha
 
Name:            GONZALO ACHA
 
Title:               EXECUTIVE DIRECTOR

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Sumitomo Mitsui Banking Corporation,

 
by
 
/s/ James Weinstein
 
Name:            James Weinstein
 
Title:              Managing Director

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Citizens Bank, N.A.

 
by
 
/s/ Andrew J. Meara
 
Name:            Andrew J. Meara
 
Title:               SVP

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Regions Bank

 
by
 
/s/ Stephen T. Hatch
 
Name:            Stephen T. Hatch
 
Title:               Senior Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: BNP Paribas
 

 
by
 
/s/ Todd Rodgers
 
Name:            Todd Rodgers
 
Title:               Director

For any Lender requiring a second signature block:

 
by
 
/s/ Liz Cheng
 
Name:            Liz Cheng
 
Title:              Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: US Bank, National Association
 

 
by
 
/s/ Steven L. Sawyer
 
Name:            Steven L. Sawyer
 
Title:               Senior Vice President

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
THE NORTHERN TRUST COMPANY,
as Lender
 
by
 
/s/ Kimberly A. Crotty
 
Name:            Kimberly A. Crotty
 
Title:               VP

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Branch Banking and Trust Company
 

 
by
 
/s/ Bradley B. Sands
 
Name:            Bradley B. Sands
 
Title:              Assistant Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: KeyBank National Association

 
by
 
/s/ Marcel Fournier
 
Name:            Marcel Fournier
 
Title:               Vice President

 
 
 
 
 
 
 
 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Bank of the West
 

 
by
 
/s/ Francesco Ingargiola
 
Name:            Francesco Ingargiola
 
Title:               Director

For any Lender requiring a second signature block:
 

 
by
 
/s/ Harry Yergey
 
Name:            Harry Yergey
 
Title:              Managing Director
                  CBG Regional Manager

 
 

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SIGNATURE PAGE TO THE THIRD AMENDMENT TO THE
NCR CORPORATION CREDIT AGREEMENT

Name of Lender: The Bank of Nova Scotia

 
by
 
/s/ Winston Lua
 
Name:            Winston Lua
 
Title:                Director

 
 
 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: CITIBANK, N.A.

 
by
 
/s/ James Walsh
 
Name:            James Walsh
 
Title:              Managing Director and Vice President

 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Zions First National Bank
 

 
by
 
/s/ Thomas C. Etzel
 
Name:            Thomas C. Etzel
 
Title:               Senior Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Bank of China, New York Branch
 

 
by
 
/s/ Raymond Qiao
 
Name:            Raymond Qiao
 
Title:               Senior Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Mercantil Commercebank, N.A.
 

 
by
 
/s/ John Viault
 
Name:            John Viault
 
Title:              Vice President

For any Lender requiring a second signature block:

 
by
 
/s/ Shalako Wiener
 
Name:        Shalako Wiener
 
Title:           Senior Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: THE BANK OF NEW YORK MELLON
 

 
by
 
/s/ David B. Wirl
 
Name:         DAVID B. WIRL
 
Title:            MANAGING DIRECTOR

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Standard Chartered Bank
 

 
by
 
/s/ Pramita Saha
 
Name:         Pramita Saha
 
Title:            Executive Director

 
 

 

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THE BANK OF EAST ASIA, LIMITED, NEW  YORK BRANCH,
as a Lender
 

 
by
 
/s/ James Hua
 
Name:         James Hua
 
Title:            SVP

 
by
 
/s/ Kitty Sin
 
Name:         Kitty Sin
 
Title:            SVP

 
 
 
 
 
 
 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: FIRSTMERIT BANK, N.A.
 

 
by
 
/s/ Timothy Daniels
 
Name:         Timothy Daniels
 
Title:            Senior Vice President

 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: AMERICAN SAVINGS BANK, F.S.B.
 

 
by
 
/s/ Rian DuBach
 
Name:      Rian DuBach
 
Title:         FVP

 
 
 
 
 
 
 
 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: First Commercial Bank, Ltd., New York Branch
 

 
by
 
/s/ Bill Wang
 
Name:         Bill Wang
 
Title:            S.V.P. & General Manager

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Mega International Commercial Bank Co., Ltd
      Los Angeles Branch
 

 
by
 
/s/ Hung Tse Chen
 
Name:           Hung Tse Chen
 
Title:              VP & Deputy General Manager

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Manufacturers Bank
 

 
by
 
/s/ Dirk Price
 
Name:       Dirk Price
 
Title:         Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: MODERN BANK, N.A.
 

 
by
 
/s/ Frank H.
 
Name:          FRANK H.
 
Title:           MANAGING DIRECTOR

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: FIRST NATIONAL BANK OF OMAHA
 

 
by
 
/s/ Andrew Wong
 
Name:         Andrew Wong
 
Title:            Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: Bank of the Cascades
 

 
by
 
/s/ Daniel J. Lee
 
Name:        DANIEL J. LEE
 
Title:          Chief Credit Officer

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: FIRST TENNESSEE BANK NATIONAL ASSOCIATION
 

 
by
 
/s/ Jamie M. Swisher
 
Name:          Jamie M. Swisher
 
Title:            Vice President

 
 

 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of
Lender:                                                                                                      SYNOVUS
BANK
 

 
by
 
/s/ John R. Frierson
 
Name:          John R. Frierson
 
Title:            Senior Vice President

 
 
 
 
 
 
 

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: UniCredit Bank AG, New York Branch
 

 
by
 
/s/ Kimberly Sousa
 
Name:         Kimberly Sousa
 
Title:            Director

 
by
 
/s/ Bryon Korutz
 
Name:          Bryon Korutz
 
Title:            Associate Director

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SIGNATURE PAGE TO THE THIRD AMENDMENT
TO THE NCR CORPORATION CREDIT AGREEMENT

 
Name of Lender: United Bank

 
by
 
/s/ Tom Wolcott
 
Name:        Tom Wolcott
 
Title:           SVP Shared National Credit