Exhibit 10.7(c)
EXECUTION VERSION

AMENDMENT NO. 2 TO SIXTH AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT

This AMENDMENT NO. 2 TO SIXTH AMENDED AND RESTATED RECEIVABLES PURCHASE
AGREEMENT, dated as of March 9, 2017 (this “Amendment”), is by and among
MANITOWOC CAYMAN ISLANDS FUNDING LTD., as the Seller (the “Seller”), WELBILT,
INC. (f/k/a Manitowoc Foodservice, Inc.) (“Welbilt”), GARLAND COMMERCIAL RANGES
LIMITED, CONVOTHERM-ELEKTROGERÄTE GMBH (“Convotherm”), WELBILT DEUTSCHLAND GMBH
(f/k/a Manitowoc Deutschland GmbH) (“Manitowoc Deutschland”), MANITOWOC
FOODSERVICE UK LIMITED and MANITOWOC FOODSERVICE ASIA PACIFIC PRIVATE LIMITED,
as Servicers (the “Servicers”), and WELLS FARGO BANK, N.A., as Purchaser (the
“Purchaser”) and as Agent (the “Agent”).
WHEREAS, the parties hereto are parties to that certain Sixth Amended and
Restated Receivables Purchase Agreement, dated as of March 3, 2016 (as amended,
restated, supplemented or otherwise modified from time to time, the
“Agreement”);
WHEREAS, concurrently herewith, Convotherm, Manitowoc Deutschland and the Seller
are entering into that certain Second Amendment to European Purchase and Sale
Agreement, dated as of the date hereof (the “PSA Amendment”);
WHEREAS, effective as of the date hereof, Manitowoc Deutschland GmbH, a limited
liability company (GmbH) organized under the laws of the Federal Republic of
Germany, amended its name from “Manitowoc Deutschland GmbH” to “WELBILT
Deutschland GmbH” (such name change, the “Subject Name Change”); and
WHEREAS, in connection with the Subject Name Change, the parties hereto wish to
modify the Agreement upon the terms hereof.
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.    Definitions. Capitalized terms defined in the Agreement and used
but not otherwise defined herein shall have the meanings assigned thereto in the
Agreement.
SECTION 2.    Notice; Consents.
(a)    Notice. Manitowoc Deutschland hereby provides notice of its intent to
perform the Subject Name Change on the date hereof and requests that each of the
parties hereto acknowledge and consent to the Subject Name Change effective as
of the date hereof.
(b)    Consent to Subject Name Change. Subject to terms and conditions set forth
in this Amendment, each of the parties hereto hereby: (i) acknowledges such
notice set forth in clause (a) above, (ii) consents to the Subject Name Change
on the date hereof and (iii)

723376193 12412603

--------------------------------------------------------------------------------

waives any notice requirement with respect to the Subject Name Change set forth
in the Agreement or any other Transaction Document.
(c)    Consent to PSA Amendment. Each of the parties hereto acknowledges,
consents and agrees to the terms of the PSA Amendment and waives any otherwise
applicable conditions precedent thereto under the Agreement and the other
Transactions Documents (other than as set forth herein).
SECTION 3.    Amendment. To reflect the occurrence of the Subject Name Change,
each reference to “Manitowoc Deutschland GmbH” (however defined or referenced)
in the Agreement and in any related document or agreement shall be deemed to be
a reference to “WELBILT Deutschland GmbH”.
SECTION 4.    Representations and Warranties. On the date hereof, the Seller and
each of the Servicers hereby represents and warrants (as to itself) to the
Purchaser and the Agent as follows:
(a)    after giving effect to this Amendment, no event or condition has occurred
and is continuing which constitutes a Termination Event or Unmatured Termination
Event;
(b)    after giving effect to this Amendment, the representations and warranties
of such Person set forth in the Agreement and each of the other Transaction
Documents are true and correct as of the date hereof, as though made on and as
of such date (except to the extent such representations and warranties relate
solely to an earlier date and then as of such earlier date);
(c)    this Amendment constitutes the valid and binding obligation of such
Person, enforceable against such Person in accordance with its terms;
(d)    Manitowoc Deutschland’s is organized under the laws of the Federal
Republic of Germany and Manitowoc Deutschland has not merged or consolidated
with any other Person or other than changing its name, made any change to its
identity or company structure, in each case, in connection with the Subject Name
Change; and
(e)    the Subject Name Change has become effective as of the date hereof under
the laws of the Federal Republic of Germany.
SECTION 5.    Effect of Amendment.
(a)    All provisions of the Agreement, as expressly amended and modified by
this Amendment, shall remain in full force and effect. On and after the
Effective Date, all references in the Agreement (or in any other Transaction
Document) to “this Agreement,” “hereof,” “herein” or words of similar effect
referring to the Agreement shall be deemed to be references to the 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 Agreement other
than as set forth herein.

2
723376193 12412603

--------------------------------------------------------------------------------

(b)    The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Agent or the Purchaser
pursuant to any Transaction Document or any other instrument, document or
agreement executed and/or delivered in connection therewith, nor constitute a
waiver of any provision contained therein.
SECTION 6.    Effectiveness. This Amendment shall be effective, as of the date
hereof (the “Effective Date”), upon receipt by the Agent of the following (in
each case, in form and substance reasonably satisfactory to the Agent):
(a)    counterparts of this Amendment duly executed by each of the parties
hereto;
(b)    counterparts of the PSA Amendment duly executed by each of the parties
thereto; and
(c)    such other agreements, documents, officer certificates and instruments as
the Agent shall request.
SECTION 7.    GOVERNING LAW. THIS AMENDMENT, INCLUDING THE RIGHTS AND DUTIES OF
THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
INTERNAL 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 CONFLICT OF LAWS PROVISIONS THEREOF).
SECTION 8.    Counterparts. This Amendment may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute one and the same
agreement. This Amendment may be executed by facsimile or delivery of a “.pdf”
copy of an executed counterpart hereof.
SECTION 9.    Severability. Each provision of this Amendment shall be severable
from every other provision of this Amendment for the purpose of determining the
legal enforceability of any provision hereof, and the unenforceability of one or
more provisions of this Amendment in one jurisdiction shall not have the effect
of rendering such provision or provisions unenforceable in any other
jurisdiction.
SECTION 10.    No Party Deem Drafter. Each of the parties hereto hereby agrees
that no party hereto shall be deemed to be the drafter of this Amendment.
SECTION 11.    Headings. The captions and headings of this Amendment are for
convenience of reference only and shall not affect the interpretation of this
Amendment, the Agreement or any provision hereof or thereof.
SECTION 12.    Certain Covenants Regarding Post-Closing Conditions.
(a)    Organic Documents. On or within ten (10) days following the date hereof,
Manitowoc Deutschland shall deliver (or cause to be delivered) to the Purchaser
and the Agent the certificate of incorporation, amended articles of association,
a commercial

3
723376193 12412603

--------------------------------------------------------------------------------

register excerpt (Handelsregisterauszug) or other organizational document of
Manitowoc Deutschland reflecting the Subject Name Change (including all
amendments and modifications thereto) duly certified by a public notary as of a
recent date, together with a copy of the by-laws, articles of association
(Satzung) or limited liability company agreement of Manitowoc Deutschland, each
duly certified by a public notary.
(b)    Secretary Certificate. On or within ten (10) days following the date
hereof, Manitowoc Deutschland shall deliver (or cause to be delivered) to the
Purchaser and the Agent a certificate of the managing director(s)
(Geschäftsführer) of Manitowoc Deutschland certifying the names and true
signatures of its officers authorized to sign this Amendment and the other
Transaction Documents to which it is a party.
(c)    Opinion. On or within thirty (30) days following the date hereof,
Servicer shall deliver (or cause to be delivered) to the Agent, a favorable
opinion of Noerr LLP, German counsel to Manitowoc Deutschland, addressed to the
Agent and the Purchaser, in form and substance reasonably satisfactory to the
Agent.

[Signature pages follow]

4
723376193 12412603

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed, as of the date first above written.
 
MANITOWOC CAYMAN ISLANDS FUNDING LTD., as the Seller
 
 
 
 
By:
/s/ Joel H. Horn
 
Name:
Joel H. Horn
 
Title:
Vice President and Secretary

723376193 12412603
S-1
Amendment No. 2 to Sixth Amended and Restated Receivables Purchase Agreement

--------------------------------------------------------------------------------

 
WELBILT, INC., as a Servicer
 
 
 
 
By:
/s/ Joel H. Horn
 
Name:
Joel H. Horn
 
Title:
Senior Vice President, General
Counsel and Secretary

723376193 12412603
S-2
Amendment No. 2 to Sixth Amended and Restated Receivables Purchase Agreement

--------------------------------------------------------------------------------

 
GARLAND COMMERCIAL RANGES LIMITED, as a Servicer
 
 
 
 
By:
/s/ Joel H. Horn
 
Name:
Joel H. Horn
 
Title:
Vice President and Secretary

723376193 12412603
S-3
Amendment No. 2 to Sixth Amended and Restated Receivables Purchase Agreement

--------------------------------------------------------------------------------

 
CONVOTHERM-ELEKTROGERÄTE GMBH, as a Servicer
 
 
 
 
By:
/s/ Ralf Klein
 
Name:
Ralf Klein
 
Title:
MD

723376193 12412603
S-4
Amendment No. 2 to Sixth Amended and Restated Receivables Purchase Agreement

--------------------------------------------------------------------------------

 
WELBILT DEUTSCHLAND GMBH, as a Servicer
 
 
 
 
By:
/s/ Ralf Klein
 
Name:
Ralf Klein
 
Title:
MD

723376193 12412603
S-5
Amendment No. 2 to Sixth Amended and Restated Receivables Purchase Agreement

--------------------------------------------------------------------------------

 
MANITOWOC FOODSERVICE UK LIMITED, as a Servicer
 
 
 
 
By:
/s/ Adrian Gray
 
Name:
Adrian Gray
 
Title:
Director

723376193 12412603
S-6
Amendment No. 2 to Sixth Amended and Restated Receivables Purchase Agreement

--------------------------------------------------------------------------------

 
MANITOWOC FOODSERVICE ASIA PACIFIC PRIVATE LIMITED, as a Servicer
 
 
 
 
By:
/s/ Leonard Lam Teek Yeow
 
Name:
Leonard Lam Teek Yeow
 
Title:
Director

723376193 12412603
S-7
Amendment No. 2 to Sixth Amended and Restated Receivables Purchase Agreement

--------------------------------------------------------------------------------

 
WELLS FARGO BANK, N.A.,
as Agent
 
 
 
 
By:
/s/ Patrick McConnell
 
Name:
Patrick McConnell
 
Title:
Director
 
 
 
 
 
 
 
WELLS FARGO BANK, N.A.,
as Purchaser
 
 
 
 
By:
/s/ Patrick McConnell
 
Name:
Patrick McConnell
 
Title:
Director
 
 
 
 
 
 

723376193 12412603
S-8
Amendment No. 2 to Sixth Amended and Restated Receivables Purchase Agreement