Document:

Document

Exhibit 4.1

W.P. Carey Inc.
Form Of 3.41% Senior Note, Series A, Due September 28, 2029
						
	No. RA-[       ]	September 28, 2022
	€[           ]
	PPN:  92936U A*0

For Value Received, the undersigned, W.P. Carey Inc. (herein called the “Company”), a corporation organized and existing under the laws of the State of Maryland, hereby promises to pay to [               ], or registered assigns, the principal sum of [               ] (or so much thereof as shall not have been prepaid) on September 28, 2029 (the “Maturity Date”), with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 3.41% per annum from the date hereof, payable semiannually, on the 1st day of February and August in each year, commencing with the February 1st or August 1st next succeeding the date hereof, and on the Maturity Date, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, (x) on any overdue payment of interest and (y) during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, and any overdue payment of any Swap Breakage Loss, at a rate per annum from time to time equal to the greater of (i) 5.41% or (ii) 2.0% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand).
Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in Euros. At any time this Note is a Swapped Note, payments of any Make-Whole Amount or Swap Breakage Loss, if any, are to be made in lawful money of the United States of America. In each case, payments with respect to this Note are to be made at the principal office of the Company in New York, New York or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred to below.
This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to the Note Purchase Agreement, dated August 31, 2022 (as from time to time amended, the “Note Purchase Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits thereof.  Each holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase Agreement.  Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase Agreement.
This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee.  Prior to due presentment for registration of transfer, the Company may treat the Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary.
This Note is subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise.

If an Event of Default occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount and any Swap Breakage Loss) and with the effect provided in the Note Purchase Agreement.
[Remainder of this page intentionally left blank]

-2-

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State.
						
	W.P. Carey Inc.
	By:	
	Name:	
	Title:	

-3-Document

Exhibit 4.2

W.P. Carey Inc.
Form Of 3.70% Senior Note, Series B, Due September 28, 2032
						
	No. RB-[     ]	September 28, 2022
	€[      ]
	PPN:  92936U A@8

For Value Received, the undersigned, W.P. Carey Inc. (herein called the “Company”), a corporation organized and existing under the laws of the State of Maryland, hereby promises to pay to [             ], or registered assigns, the principal sum of [                ] (or so much thereof as shall not have been prepaid) on September 28, 2032 (the “Maturity Date”), with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 3.70% per annum from the date hereof, payable semiannually, on the 1st day of February and August in each year, commencing with the February 1st or August 1st next succeeding the date hereof, and on the Maturity Date, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, (x) on any overdue payment of interest and (y) during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, and any overdue payment of any Swap Breakage Loss, at a rate per annum from time to time equal to the greater of (i) 5.70% or (ii) 2.0% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand).
Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in Euros. At any time this Note is a Swapped Note, payments of any Make-Whole Amount or Swap Breakage Loss, if any, are to be made in lawful money of the United States of America. In each case, payments with respect to this Note are to be made at the principal office of the Company in New York, New York or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred to below.
This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to the Note Purchase Agreement, dated August 31, 2022 (as from time to time amended, the “Note Purchase Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits thereof.  Each holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase Agreement.  Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase Agreement.
This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee.  Prior to due presentment for registration of transfer, the Company may treat the Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary.
This Note is subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise.

If an Event of Default occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount and any Swap Breakage Loss) and with the effect provided in the Note Purchase Agreement.
[Remainder of this page intentionally left blank]

-2-

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State.

						
	W.P. Carey Inc.
	By:	
	Name:	
	Title:	

-3-Document

Exhibit 10.2

October 5, 2022

Eugene J. Lowe, III

Re:    Amendment to Confidentiality Agreement, Employment Agreement and Change of Control Agreement

Dear Gene:

As you know, you have entered into the following agreements with SPX Corporation (“SPX Corporation”):  (1) the Confidentiality and Non-Competition Agreement, dated as of May 20, 2008 (the “Confidentiality Agreement”); (2) the Employment Agreement of Eugene Joseph Lowe, III, dated as of October 1, 2015 (the “Employment Agreement”); and (3) a letter agreement, dated as of October 1, 2015, providing certain benefits to you upon a “Change of Control,” as defined therein (the “Change of Control Agreement” and, together with the Confidentiality Agreement and the Employment Agreement, the “Agreements”).  

On August 15, 2022, SPX Corporation assigned to SPX Enterprises, LLC (“SPX Enterprises”), and SPX Enterprises assumed, all of SPX Corporation’s rights and obligations under the Agreements (the “Assignment”) and you became an employee of SPX Enterprises.  Later on August 15, 2022, pursuant to the Agreement and Plan of Merger, dated as of August 11, 2022 (the “Merger Agreement”) by and among SPX Corporation, SPX Technologies, Inc. (the “Parent”), which is the direct parent corporation of SPX Enterprises, and SPX Merger, LLC (“SPX LLC”), SPX Corporation merged (the “Merger”) with and into SPX LLC, with SPX LLC surviving the Merger.  As a result of the Merger, each share of common stock of SPX Corporation was converted into a share of common stock of the Parent, which became listed on the New York Stock Exchange and is traded under the symbol “SPXC.”  You currently serve as President and Chief Executive Officer of the Parent.

SPX Enterprises requests that you enter into this letter agreement (this “Amendment”) to document certain ministerial amendments to the Agreements as a result of the Merger as provided herein and to memorialize your acknowledgement of the Assignment.  Accordingly, by entering into this Amendment, you hereby acknowledge the Assignment and, in recognition of the assumption by SPX Enterprises of the obligations under the Agreements ascribed to SPX Corporation, you hereby release SPX LLC, as the corporate successor to SPX Corporation, from any and all obligations under the Agreements.  In addition, you and SPX Enterprises hereby agree as follows:

1.    Confidentiality Agreement.  The Confidentiality Agreement is hereby amended to replace the term “SPX Corporation” with “SPX Enterprises, LLC” wherever such term is used in the Confidentiality Agreement; provided, however, that the term “SPX Corporation” as used in Section 14 of the Confidentiality Agreement shall be replaced with the phrase “SPX Enterprises, LLC or SPX Technologies, Inc.”

2.    Employment Agreement.  The Employment Agreement is hereby amended as follows:

(a)    except as otherwise provided herein, wherever used in the Employment Agreement, (i) the term “SPX Corporation” is replaced with “SPX Enterprises, LLC,” (ii) the term “SPX Corporation 2002 Stock Compensation Plan” is replaced with “SPX 2002 Stock Compensation Plan” and (iii) the term “SPX Corporation Individual Account Retirement Plan” is replaced with “SPX US Pension Plan”;

(b)    wherever used in the Employment Agreement, (i) the phrases “President and Chief Executive Officer,” “Company’s President and Chief Executive Officer” and any similar phrases are replaced with “President and Chief Executive Officer of SPX Technologies, Inc.” and (ii) the phrase “the Company’s Chief Executive Officer” is replaced with “the Chief Executive Officer of SPX Technologies, Inc.”;

(c)    as used in Section 1, the phrase “the Company’s Board of Directors” is replaced with “the Board of Directors of SPX Technologies, Inc.”; 

(d)    as used in Section 3(a), the term “the Company’s Board” is replaced by “the Board”; 

(e)    as used in the first sentence of Section 4(b) and in Sections 5(f) and 6, the term “the Company” shall include both SPX Enterprises, LLC and SPX Technologies, Inc. and either of them; 

(f)     as used in Section 12, the phrase “13320-A Ballantyne Corporate Place” is replaced by “6325 Ardrey Kell Road, Suite 400”; and

(g)     as used in Section 24, the phrase “the Company or its subsidiaries” is replaced by “the Company or its affiliates.”

3.    Change of Control Agreement.  The Change of Control Agreement is hereby amended as follows:

(a)    except as otherwise provided herein, wherever used in the Change of Control Agreement, (i) the phrase “SPX Corporation” is replaced with “SPX Enterprises, LLC” and (ii) the phrase “SPX Corporation 2002 Stock Compensation Plan” is replaced with “SPX 2002 Stock Compensation Plan”;

(b)    wherever used in the Change of Control Agreement, the phrase “the Board of Directors of the Company” is replaced with “the Board of Directors of SPX Technologies, Inc.”;

(c)    wherever used in the Change of Control Agreement, the phrase “the Company and its shareholders” is replaced with “the Company, SPX Technologies, Inc. and its shareholders”;

(d)    wherever used in the Change of Control Agreement, the phrase “Change of Control of the Company” is replaced with “Change of Control”;

(e)    as used in Sections 3(c) and 20, the term “the Company” shall include both SPX Enterprises, LLC and SPX Technologies, Inc. and either of them; 

(f)    as used in Section 4(b)(v), the term “the Company” is replaced with “the Company or SPX Technologies, Inc.”;

(g)    as used in Sections 4(b)(viii), 5(a) and 10, the term “its subsidiaries” is replaced with “its affiliates”; and

(h)    as used in Section 8, the phrase “13320-A Ballantyne Corporate Place” is replaced by “6325 Ardrey Kell Road, Suite 400”.

3.    Third-Party Beneficiary.  SPX LLC, as the corporate successor to SPX Corporation, is an intended beneficiary of the acknowledgement, release and agreements set forth in this Amendment.

Further, you and SPX Enterprises acknowledge and agree that the SPX 2002 Stock Compensation Plan (f/k/a SPX Corporation 2002 Stock Compensation Plan), as amended (the “Plan”), was amended by the Merger Agreement, effective on August 15, 2022, to (i) substitute “SPX Technologies, Inc.” for “SPX Corporation,” including in the definition of “Change of Control” in Section 2.1(c) of the Plan and (ii) confirm that neither the Merger nor any of the transactions contemplated under the Merger Agreement constituted a “Change of Control” under the Plan.

Except as otherwise expressly amended by this Amendment, the Agreements will otherwise remain in full force and effect in accordance with their terms. 

Kindly indicate your acknowledgment and agreement to the provisions set forth in this Amendment by signing below and returning a copy to me.

Sincerely,

SPX ENTERPRISES, LLC

By:      /s/ John W. Nurkin        
John W. Nurkin
Vice President and Secretary

ACKNOWLEDGED AND AGREED TO:

  /s/ Eugene J. Lowe, III         
Eugene J. Lowe, III

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}]]