Document:

citifmcamendmentno4to201

                                                           EXECUTION VERSION                                     AMENDMENT NO. 4               AMENDMENT NO. 4, dated as of September 28, 2018 (this “Amendment”), to the Term   Loan Agreement, dated as of October 10, 2014 (as amended by that certain Amendment No. 1, dated as of  August 26, 2015, that certain Amendment No. 2, dated as of March 24, 2016 and that certain Amendment  No. 3, dated as of May 2, 2017, and as the same may be further amended, restated, amended and restated,   supplemented or otherwise modified from time to time, the “Term Loan Agreement”), among FMC   Corporation, a Delaware corporation (the “Company”), certain of the Company’s subsidiaries from time to   time party thereto as borrowers (together with the Company, the “Borrowers”), Citibank, N.A., as   Administrative Agent (as such term is defined in the Term Loan Agreement), each lender from time to time  party thereto (collectively, the “Lenders” and individually, a “Lender”) and the other parties thereto.                 WHEREAS, the Company intends to separate and spin-off assets constituting the lithium   business of the Company in a series of transactions as described in the definition of Permitted Separation   Transactions set forth below;                WHEREAS,  in connection with the proposed separation of the lithium business, the   Company has requested certain modifications to the Term Loan Agreement as described herein (the   “Proposed Amendments”);                WHEREAS, Section 9.01 of the Term Loan Agreement provides that the Company and   the Required Lenders may amend the Loan Documents;                WHEREAS, the Lenders party hereto have agreed to approve the Proposed Amendments;   and                WHEREAS, in order to effect the foregoing, the Company and the other parties hereto   desire to amend the Term Loan Agreement, subject to the terms and conditions set forth herein.                NOW, THEREFORE, in consideration of the premises contained herein and for other good   and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties   hereto, intending to be legally bound hereby, agree as follows:                                      ARTICLE I                                                                               Amendment                SECTION 1.01.   Defined Terms.  Capitalized terms used herein (including in the recitals   hereto) and not otherwise defined herein shall have the meanings assigned to such terms in the Term Loan   Agreement.  The rules of construction specified in Section 1.04 of the Term Loan Agreement also apply to   this Amendment.                SECTION 1.02.   Amendment of Term Loan Agreement.  Effective as of the Amendment   Effective Date (as defined below):                (a)   Section 1.01 of the Term Loan Agreement is hereby amended to add the following   new defined term in its correct alphabetical order:                      “Permitted Separation Transactions” means the FMC Lithium Assets               Contribution, the Lithium Spinco Contribution, the Lithium IPO and the Livent Revolving               Credit Facility and any ancillary or related transactions contemplated thereby. As used     WEIL:\96703271\4\35899.0596  

 

             herein, the terms (i) “FMC Lithium Assets Contribution” shall mean the direct or indirect               transfer (in one or more transactions) by FMC and its subsidiaries to FMC Lithium USA               Corp., a Delaware corporation (“Lithium Opco”), of the portions of the FMC Lithium               Assets that were not owned by Lithium Opco or any of its subsidiaries prior to such              transfer, in exchange for certain equity interest in Lithium Opco, (ii) “FMC Lithium               Assets” shall mean certain assets, liabilities and operations of FMC Corporation and certain               of its subsidiaries that are used for the manufacturing of lithium for use in lithium products,               which are used primarily in energy storage, specialty polymers and chemical synthesis, (iii)               “Lithium Spinco Contribution” shall mean the direct or indirect transfer (in one or more               transactions) by FMC Corporation of (a) 100% of the equity interest it holds in Lithium               Opco, (b) the equity interest it holds in FMC Chemicals Limited (UK), (c) the equity               interest it holds in FMC Switzerland IV GmbH, and (d) the equity interest it holds in              Lithium Singapore Private Limited, in each case, to Livent Corporation (“Livent”) in               exchange for certain equity interest in Livent and cash, if any, (iv) “Lithium IPO” shall               mean the initial underwritten public offering of common equity interests in Livent pursuant               to an effective registration statement filed with the United States Securities and Exchange               Commission pursuant to the Securities Act of 1933, as amended from time to time and (v)              “Livent Revolving Credit Facility” shall mean (a) the $400,000,000 senior secured               revolving credit facility, dated as of the date hereof (as amended, restated, amended and               restated, supplemented or otherwise modified from time to time), among Livent, certain of               Livent’s subsidiaries from time to time party thereto, Citibank, N.A., as administrative               agent, each lender from time to time party thereto and the other parties party thereto, (b)               all liens, pledges, guarantees and other obligations provided or incurred in connection               therewith and (c) any borrowing or other extensions of credit thereunder, including letters               of credit.                (b)   Article VI of the Term Loan Agreement is hereby amended to add the following   new Section 6.05:                “SECTION 6.05. Acknowledgement and Consent to Permitted Separation Transaction.               Notwithstanding anything to the contrary in this Article VI, nothing in this Article VI shall              prohibit the consummation of any of the Permitted Separation Transactions.”                SECTION 1.03.   Effectiveness.  Section 1.02 of this Amendment shall become effective   as of the first date (the “Amendment Effective Date”) on which the following conditions have been satisfied:                (a)   The Administrative Agent (or its counsel) shall have received from the Company        and the Required Lenders either (x) counterparts of this Amendment signed on behalf of such        parties or (y) written evidence reasonably satisfactory to the Administrative Agent (which may        include facsimile or other electronic transmissions of signed signature pages) that such parties have        signed counterparts of this Amendment.               (b)   The Administrative Agent shall have received, in immediately available funds,        payment or reimbursement of all costs, fees, out-of-pocket expenses, compensation and other        amounts then due and payable in connection with this Amendment, including the reasonable fees,        charges and disbursements of counsel for the Administrative Agent.   The Administrative Agent shall notify the Company and the Lenders of the Amendment Effective Date and  such notice shall be conclusive and binding.                                           2   WEIL:\96703271\4\35899.0596  

 

                                   ARTICLE II                                                                              Miscellaneous                SECTION 2.01.   Representations and Warranties.  (a)  To induce the other parties hereto   to enter into this Amendment, the Company represents and warrants to each of the Lenders and the  Administrative Agent that, as of the Amendment Effective Date and after giving effect to the transactions  and amendments to occur on the Amendment Effective Date, this Amendment has been duly authorized,  executed and delivered by the Company and constitutes, and the Term Loan Agreement, as amended hereby  on the Amendment Effective Date, will constitute, legal, valid and binding obligations of the Borrowers,   enforceable against each of the Borrowers in accordance with their terms, except as such enforceability   may be limited by bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting   creditors’ rights generally and by general principles of equity and the implied covenant of good faith and  fair dealing.                (b)   Each of the representations and warranties made by each party to each Loan  Document in or pursuant to this Amendment or any other Loan Document, or contained in any certificate  or financial statement (other than estimates and projections which are (x) identified as such and (y)  contained in any financial statement) furnished at any time under or in connection with this Amendment or  any other Loan Document shall be true and correct in all material respects on and as of the Amendment  Effective Date as if made on and as of such date (except to the extent that such representations and  warranties relate to a particular date, in which case such representations and warranties shall be true and  correct in all material respects on and as of such date), both before and after giving effect to the this  Amendment.               (c)    After giving effect to this Amendment and the transactions contemplated hereby  on the relevant date, no Default or Event of Default has occurred and is continuing on the Amendment  Effective Date.               SECTION 2.02.   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 Lenders, any other Agent and any of their   respective Affiliates under the Term Loan Agreement or any other Loan Document, and shall not alter,   modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements   contained in the Term Loan Agreement or any other Loan Document, all of which are ratified and affirmed  in all respects and shall continue in full force and effect.  Nothing herein shall be deemed to establish a  precedent for purposes of interpreting the provisions of the Term Loan Agreement or entitle any 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 Term Loan Agreement or any other Loan Document  in similar or different circumstances.  This Amendment shall apply to and be effective only with respect to  the provisions of the Term Loan Agreement and the other Loan Documents specifically referred to herein.                (b)   On and after the Amendment Effective Date, each reference in the Term Loan   Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each   reference to the Term Loan Agreement, “thereunder”, “thereof”, “therein” or words of like import in any   other Loan Document, shall be deemed a reference to the Term Loan Agreement, as amended hereby.  This   Amendment shall constitute a “Loan Document” for all purposes of the Term Loan Agreement and the   other Loan Documents.                SECTION 2.03.   Governing Law.  THIS AMENDMENT SHALL BE GOVERNED   BY, AND INTERPRETED   IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW                                           3   WEIL:\96703271\4\35899.0596  

 

YORK.  The other provisions of Article IX of the Term Loan Agreement shall apply to this Amendment  to the same extent as if fully set forth herein.               SECTION 2.04.   Headings.  The headings of this Amendment are for purposes of reference  only and shall not limit or otherwise affect the meaning hereof.                             [SIGNATURE PAGES FOLLOW]                                         4  WEIL:\96703271\4\35899.0596  

 

                  IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be  duly executed and delivered by their officers as of the date first above written.                                        The U.S. Borrower                                                                              FMC CORPORATION                                                                                                                     By:        /s/ Brian P. Angeli                                                Name:   Brian P. Angeli                                          Title:   Vice President, Corporate Strategy                                                   and Treasurer                                                                                                                   The Euro Borrowers                                         FMC FINANCE B.V.                                                                                                                  By:         /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Managing Director                                          FMC CHEMICALS NETHERLANDS B.V.                                                                                                                     By:        /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Managing Director                                             FMC LUXEMBOURG HOLDINGS S.À R.L.                                                                                                                  By:         /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Managing Director                                                                                                                     FMC LUXEMBOURG S.À R.L.                                                                                                                     By:        /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Managing Director                                                                                                                                  [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                               TERM LOAN AGREEMENT]                                         WEIL:\96678340\8\35899.0596  

 

                                        CITIBANK, N.A.,                                       as Administrative Agent                                                                                                                                                        By:     /s/ Michael Vondriska                                              Name:  Michael Vondriska                                        Title:   Vice President                                                                                                                              [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        BANK OF AMERICA, N.A.,                                      as Lender                                                                                                                                                        By:        /s/ Brandon Weiss                                                Name: Brandon Weiss                                         Title:  Vice President                                                                     [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                           Sumitomo Mitsui Banking Corporation,                                         as Lender                                                                                                                                                                    By:     /s/ James D. Weinstein                                               Name: James D. Weinstein                                            Title: Managing Director                                                                        [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        BNP PARIBAS                                      as Lender                                                                                                                                                        By:         /s/ Emma Petersen                                           Name: Emma Petersen                                          Title:   Director                                                                                                                                                        By:         /s/ Michael Pearce                                           Name: Michael Pearce                                          Title:   Managing Director                        [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        JPMORGAN CHASE BANK, N.A.,                                     as Lender                                                                                                               By:    /s/ James A. Knight                                                       Name: James A. Knight                                            Title:   Executive Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        TD BANK, N.A.,                                      as Lender                                                                                                                                                        By:   /s/ Craig Welch                                                           Name: Craig Welch                                            Title:   Senior Vice President                                                               [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        CoBank, ACB,                                      as Lender                                                                                                                                                        By:         /s/ Robert Prickett                                                 Name: Robert Prickett                                            Title:   Vice President                                                               [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        PNC BANK, NATIONAL ASSOCIATION,                                      as Lender                                                                                                                                                        By:         /s/ Denise DiSimone                                                 Name: Denise DiSimone                                            Title:   Senior Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        U.S. Bank, National Association,                                      as Lender                                                                                                                                                        By:         /s/ Paul Rouse                                                Name: Paul Rouse                                            Title:   Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        The Bank of New York Mellon,                                      as Lender                                                                                                                                                        By:         /s/ Christopher Olsen                                              Name: Christopher Olsen                                            Title:   Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        Citizens Bank of Pennsylvania,                                      as Lender                                                                                                                                                        By:         /s/ William J. O’Meara                                              Name: William J. O’Meara                                            Title:   Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        COÖPERATIEVE RABOBANK, U.A.,                                       NEW YORK BRANCH,                                      as Lender                                                                                                                  By:         /s/ Jeff Bliss                                                Name: Jeff Bliss                                            Title:   Executive Director                                                                                                                                                        By:         /s/ Peter Glawe                                               Name: Peter Glawe                                            Title:   Executive Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        WELLS FARGO BANK, N.A.,                                      as Lender                                                                                                                                                        By:         /s/ Nathan R. Rantala                                               Name: Nathan R. Rantala                                            Title:   Managing Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        KBC BANK N.V., NEW YORK BRANCH,                                      as Lender                                                                                                                  By:         /s/ Jana Sevcikova                                                  Name: Jana Sevcikova                                            Title: Director                                                                                                                  By:         /s/ Iryna Leff                                                      Name: Iryna Leff                                            Title: Associate                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        BRANCH BANKING AND TRUST                                      COMPANY,                                      as Lender                                                                                                                                                        By:         /s/ J. Carlos Navarrete                                              Name: J. Carlos Navarrete                                            Title: Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        Banco Santander, N.A.,                                      as Lender                                                                                                                                                        By:         /s/ Andres Barbosa                                                  Name: Andres Barbosa                                            Title: Executive Director                                                                                                                                                        By:         /s/ Carolina Gutierrez                                              Name: Carolina Gutierrez                                            Title: Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        MUFG, Bank, Ltd f/k/a The Bank of Tokyo-                                      Mitubishi UFJ, Ltd., as Lender                                                                                                                                                        By:         /s/ Maria Iarriccio                                                 Name: Maria Iarriccio                                            Title: Director                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        BANK OF CHINA, NEW YORK BRANCH,                                      as Lender                                                                                                                                                        By:         /s/ Raymond Qiao                                                    Name: Raymond Qiao                                            Title: Chief Lending Officer                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        DNB Capital LLC,                                      as Lender                                                                                                                                                        By:         /s/ Philip F. Kurpiewski                                              Name: Philip F. Kurpiewski                                            Title: Senior Vice President                                                                                                                  By:         /s/ Devan Patel                                               Name: Devan Patel                                            Title: Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        AUSTRALIA AND NEW ZEALAND                                      BANKING GROUP LIMITED, as Lender                                                                                                                                                        By:         /s/ Robert Grillo                                                   Name: Robert Grillo                                            Title: Director                         [SIGNATURE PAGE TO AMENDMENT NO. 4 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                            COMPASS BANK,              as Lender                                          By          /s/ Julia Barnhill                          Name: Julia Barnhill                    Title: Vice President                  [SIGNATURE PAGE TO AMENDMENT NO. 4 TO         TERM LOAN AGREEMENT]                 

 

                            FARM CREDIT BANK OF TEXAS,              as Lender                                                        By:         /s/ Luis Requejo                            Name: Luis Requejo                    Title: Vice President                  [SIGNATURE PAGE TO AMENDMENT NO. 4 TO         TERM LOAN AGREEMENT]                 

 

                            Bayerische Landesbank, New York Branch              as Lender                                                        By:         /s/ Rolf Siebert                            Name: Rolf Siebert                    Title: Executive Director                            By:         /s/ Elke Videgain                           Name: Elke Videgain                    Title: Vice President    [SIGNATURE PAGE TO AMENDMENT NO. 4 TO         TERM LOAN AGREEMENT]                 

 

                            NORDEA BANK AB (PUBL), NEW YORK BRANCH,              as Lender                                                        By:         /s/ Olli Savikko                            Name: Olli Savikko                    Title: Senior Vice President                                          By:         /s/ Leena Parker                           Name: Leena Parker                    Title: Senior Vice President    [SIGNATURE PAGE TO AMENDMENT NO. 4 TO         TERM LOAN AGREEMENT]                 

 

                            SUNTRUST BANK,              as Lender                                                        By:         /s/ Jared Cohen                             Name: Jared Cohen                    Title: Vice President    [SIGNATURE PAGE TO AMENDMENT NO. 4 TO         TERM LOAN AGREEMENT]                 

 

                            HSBC Bank, USA, N.A.,              as Lender                                                        By:         /s/ Peggy Yip                               Name: Peggy Yip                    Title: Vice President                                                                                                      [SIGNATURE PAGE TO AMENDMENT NO. 4 TO         TERM LOAN AGREEMENT]Exhibit 10.1

 

[*] Represents material that has been omitted and will be filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under Rule 24b-2 of the Securities and Exchange Act of 1934, as amended.

 

CONFIDENTIAL

AMENDMENT AGREEMENT

THIS AMENDMENT AGREEMENT (the “Agreement”) is entered into effective as of October 2, 2018 (the “Effective Date”), is entered into by and between BioLineRx Ltd., an Israeli company having a place of business at 2 HaMa’ayan Street, Modi’in 7177871 (“BioLine”), and Biokine Therapeutics Ltd., an Israeli company having a place of business at Weizmann Science Park, P.O. Box 2213, Rehovot, 76120 (“Biokine”).

PREFACE

	A.	
The parties entered into a License Agreement dated as of September 2, 2012 and later agreed to amendments of such agreement (the agreement as amended shall be referred to as the “License Agreement”).

	B.	
The parties now wish to amend certain provisions of the License Agreement relating to consideration to be paid to Biokine and to set forth the terms on which such amendment is being agreed to.

NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:

	1.	
Section 6.3 is hereby deleted in its entirety and replaced with the following:

		“6.3	
Payments on Sublicense Receipts. BioLine shall pay Licensor sublicense fees derived from exploitation of the License as follows:

		“6.3.1	
BioLine shall pay Licensor 20% of Sublicense Receipts.

		“6.3.2	
If BioLine enters into a Sublicense within [*], BioLine shall pay Licensor an additional 10% of any upfront Sublicense Receipts received by BioLine as a result of such Sublicense; [*].”

	2.	
In consideration of Biokine’s agreement to the foregoing amendment of the License Agreement, BioLine agrees as follows:

		2.1	
BioLine shall pay Biokine $10 million in cash within 10 days following the Effective Date.

 

		2.2	
BioLine shall, within 10 days following the Effective Date, issue to Biokine American Depositary Shares (“ADSs”) of BioLine (each ADS representing one of BioLine’s ordinary shares, par value NIS 0.10 per share) with a total value of $5 million and at a price per ADS based on the volume-weighted average trading price of the ADSs on Nasdaq for the 30-calendar-day period ending on the day prior to the Effective Date. The issuance of the ADSs shall be in accordance with the terms of a Share Purchase Agreement to be entered into by the parties, a draft of which is attached hereto as Annex A.

 

 

CONFIDENTIAL

 

		2.3	
A new section 6.4A shall be added to the License Agreement as follows:

		“6.4A	
Milestone Payments. BioLine shall pay Licensor up to a total aggregate amount of $5 million as milestone payments, [*]:

		“6.4A.1	
[*]; and

 

		“6.4A.2	
[*].”

	3.	
Other than as agreed above, the terms of the License Agreement shall remain unchanged and in full force and effect. Unless otherwise expressly defined herein, all capitalized terms herein shall have the meaning ascribed to them in the License Agreement.

 

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized representatives as of the Effective Date.

	
BioLineRx Ltd.

 

By: /s/ Philip Serlin          

Philip Serlin

Chief Executive Officer

	
Biokine Therapeutics Ltd.

 

By: /s/ Amnon Peled         /s/ H.L. Shaw          

Name: Amnon Peled               H.L. Shaw

Title:   CEO                               Chairman

 

 

2

CONFIDENTIAL

 

Annex A

(Draft omitted.  Execution copy is publicly filed.)

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