Document:

aspn-ex1023_799.htm

Exhibit 10.23

2017 Participation Letter 

Corporate Personnel

 

Aspen Aerogels, Inc. Bonus Plan

 

 

Name:[     ]Date: [      ], 2017

 

This Participation Letter describes the terms of your participation in the Aspen Aerogels, Inc. Bonus Plan (the “Plan”) during fiscal year 2017. This Participation Letter is subject to the terms and conditions of the Plan, a copy of which has been provided to you.  References to “EBITDA” in this Participation Letter shall be deemed to refer to “Adjusted EBITDA” as such term is used in and defined in the Plan. 

 

1.Designation:  Corporate Participant

 

2.Target Award:  [    ]% of base salary or $[    ]

 

3.Performance Period:  2017 Fiscal Year

 

4.Performance Metrics

	
 
	
•
	
Company Revenue Goal:$[     ] million

	
 
	
•
	
EBITDA Goal:$[     ] million

 

5.Allocation of Target Award to Goals

 

	
 
	
•
	
[   ]%  or $[     ] based on Company Revenue Goal

	
 
	
•
	
[   ]%  or $[     ] based on EBITDA Goal

 

6.Thresholds, Floors and Caps

 

	
 
	
•
	
Revenue ≥ $[     ] for the Company Revenue Goal (“Revenue Goal Threshold”)

	
 
	
•
	
EBITDA ≥ $[    ] for the EBITDA Goal (“EBITDA Goal Threshold”)

	
 
	
•
	
If the Revenue or EBITDA Threshold is achieved, you will earn a bonus equal to a pro rata portion of such goal’s target award based on a straight line interpolation between the applicable threshold and related goal.

	
 
	
•
	
THERE WILL BE NO PAYOUT UNDER EITHER GOAL UNLESS EBITDA GOAL THRESHOLD IS ACHIEVED.

	
 
	
•
	
Payments under this Participation Letter shall not exceed an amount equal to [     ]% of the Target Award amount.

 

7.MBO Goals

 

	
 
	
•
	
[    ]

 

8.Payouts above Threshold

 

	
 
	
•
	
You will earn a bonus for actual Company Revenue and EBITDA above Threshold equal to:

Company Revenue Goal:$[    ] per $[    ]M
EBITDA Goal:$[    ] per $[    ]M

 

9.Examples

 

[     ]

 

All amounts shown are based on current base salary. However, actual bonus will be calculated and paid based on actual base salary in effect at [    ]. 

 

 

Accepted:  I hereby accept my designation as a Participant in the Plan.  I agree to keep the terms and conditions of my participation in the Plan confidential and not to divulge such terms and conditions. 

 

 

 

Signature:    ______________________________Dated: [    ]

2EX-10.1

 Exhibit 10.1 

Second Supplemental Indenture 

SECOND SUPPLEMENTAL INDENTURE, (this “Supplemental Indenture”) dated as of December 13, 2016, by and among GT Nexus,
Inc., a Delaware corporation (“GTN”), and GT Topco, LLC, a Delaware limited liability company, (together with GTN, the “Guaranteeing Subsidiaries” and each individually a “Guaranteeing Subsidiary”),
Infor (US), Inc. (the “Issuer”) and Wilmington Trust, National Association, as Trustee under the Indenture referred to below. 

W I T N E S S E T H: 

WHEREAS, each of the Issuer, the Guarantors and the Trustee have heretofore executed and delivered an indenture dated as of April 1, 2015
(as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of its 6.500% Senior Notes due 2022 (the “Dollar Notes”) and 5.750% Senior Notes due 2022 (the “Euro
Notes” and, together with the Dollar Notes, the “Notes”); 
 WHEREAS, the Indenture provides that under certain
circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to which the Guaranteeing Subsidiaries shall unconditionally guarantee, on a joint and several basis with the other Guarantors, all of the
Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the “Guarantee”); and 

WHEREAS, pursuant to Section 9.1 of the Indenture, the Issuer and the Trustee are authorized to execute and deliver this Supplemental
Indenture to amend or supplement the Indenture, without the consent of any Holder; 
 NOW, THEREFORE, in consideration of the foregoing and
for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiaries, the Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 ARTICLE I 
 DEFINITIONS 

SECTION 1.1. Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals
hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any
particular section hereof. 
 ARTICLE II 

AGREEMENT TO BE BOUND; GUARANTEE 

SECTION 2.1. Agreement to be Bound. Each Guaranteeing Subsidiary hereby becomes a party to the Indenture as a Guarantor and as such
will have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture. 
 SECTION 2.2.
Guarantee. Each Guaranteeing Subsidiary agrees, on a joint and several basis with all the existing Guarantors, to fully, unconditionally and irrevocably Guarantee to each Holder of the Notes and the Trustee the Guaranteed Obligations pursuant
to Article X of the Indenture on a senior basis. 
 ARTICLE III 

MISCELLANEOUS 
 SECTION 3.1.
Notices. All notices and other communications to the Guarantor shall be given as provided in the Indenture to the Guarantor, at the address set forth in the Indenture. 

 SECTION 3.2. Merger and Consolidation. The Guaranteeing Subsidiaries shall not sell or
otherwise dispose of all or substantially all of their assets to, or consolidate with or merge with or into another Person (other than the Issuer or any Restricted Subsidiary that is a Guarantor or becomes a Guarantor concurrently with the
transaction) except in accordance with Section 4.1(f) of the Indenture. 
 SECTION 3.3. Release of Guarantee. This Guarantee shall be
released in accordance with Section 10.2 of the Indenture. 
 SECTION 3.4. Parties. Nothing expressed or mentioned herein is
intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein
or therein contained. 
 SECTION 3.5. Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance
with, the laws of the State of New York. 
 SECTION 3.6. Severability. In case any provision in this Supplemental Indenture shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality
or unenforceability. 
 SECTION 3.7. Benefits Acknowledged. Each Guaranteeing Subsidiary’s Guarantee is subject to the terms and
conditions set forth in the Indenture. Each Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee
and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of such benefits. 
 SECTION 3.8. Ratification of
Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This
Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 

SECTION 3.9. The Trustee. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental
Indenture or with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto. 
 SECTION
3.10. Counterparts. The parties hereto may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental
Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all
purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

SECTION 3.11. Execution and Delivery. Each Guaranteeing Subsidiary agrees that the Guarantee shall remain in full force and effect
notwithstanding any failure to endorse on each Note a notation of any such Guarantee. 
 SECTION 3.12. Headings. The headings of the
Articles and the Sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

			
	 INFOR (US), INC.

		
	By:	 	/s/ Gregory M. Giangiordano
		 	Name: Gregory M. Giangiordano
		 	Title: President
	
	GT NEXUS, INC.,
	as a Guarantor
		
	By:	 	/s/ Gregory M. Giangiordano
		 	Name: Gregory M. Giangiordano
		 	Title: President
	
	GT TOPCO, LLC,
	as a Guarantor
		
	By:	 	/s/ Gregory M. Giangiordano
		 	Name: Gregory M. Giangiordano
		 	Title: President
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
as Trustee and Notes Collateral Agent

		
	By:	 	/s/ Jane Y. Schweiger
		 	Name: Jane Y. Schweiger
		 	Title: Vice President

 [Signature Page to the Second Supplemental Indenture - 2022 Notes]EX-10.2

 Exhibit 10.2 

Second Supplemental Indenture 

SECOND SUPPLEMENTAL INDENTURE, (this “Supplemental Indenture”) dated as of December 13, 2016, by and among GT Nexus,
Inc., a Delaware corporation (“GTN”), and GT Topco, LLC, a Delaware limited liability company, (together with GTN, the “Guaranteeing Subsidiaries” and each individually a “Guaranteeing Subsidiary”),
Infor (US), Inc. (the “Issuer”) and Wilmington Trust, National Association, as Trustee and Notes Collateral Agent under the Indenture referred to below. 

W I T N E S S E T H: 

WHEREAS, each of the Issuer, the Guarantors, the Trustee and the Notes Collateral Agent have heretofore executed and delivered an indenture
dated as of August 25, 2015 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of the Issuer’s 5.750% First Lien Senior Secured Notes due 2020 (the
“Notes”); 
 WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute
and deliver to the Trustee a supplemental indenture to which the Guaranteeing Subsidiaries shall unconditionally guarantee, on a joint and several basis with the other Guarantors, all of the Issuer’s Obligations under the Notes and the
Indenture on the terms and conditions set forth herein and under the Indenture (the “Guarantee”); and 
 WHEREAS, pursuant
to Section 9.1 of the Indenture, the Issuer and the Trustee are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture, without the consent of any Holder; 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the Guaranteeing Subsidiaries, the Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

ARTICLE I 
 DEFINITIONS 

SECTION 1.1. Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals
hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any
particular section hereof. 
 ARTICLE II 

AGREEMENT TO BE BOUND; GUARANTEE 

SECTION 2.1. Agreement to be Bound. Each Guaranteeing Subsidiary hereby becomes a party to the Indenture as a Guarantor and as such
will have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture. 
 SECTION 2.2.
Guarantee. Each Guaranteeing Subsidiary agrees, on a joint and several basis with all the existing Guarantors, to fully, unconditionally and irrevocably Guarantee to each Holder of the Notes and the Trustee the Guaranteed Obligations pursuant
to Article X of the Indenture on a senior basis. 
 ARTICLE III 

MISCELLANEOUS 
 SECTION 3.1.
Notices. All notices and other communications to the Guarantor shall be given as provided in the Indenture to the Guarantor, at the address set forth in the Indenture. 

 SECTION 3.2. Merger and Consolidation. The Guaranteeing Subsidiaries shall not sell or
otherwise dispose of all or substantially all of their assets to, or consolidate with or merge with or into another Person (other than the Issuer or any Restricted Subsidiary that is a Guarantor or becomes a Guarantor concurrently with the
transaction) except in accordance with Section 4.1(f) of the Indenture. 
 SECTION 3.3. Release of Guarantee. This Guarantee shall be
released in accordance with Section 10.2 of the Indenture. 
 SECTION 3.4. Parties. Nothing expressed or mentioned herein is
intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein
or therein contained. 
 SECTION 3.5. Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance
with, the laws of the State of New York. 
 SECTION 3.6. Severability. In case any provision in this Supplemental Indenture shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality
or unenforceability. 
 SECTION 3.7. Benefits Acknowledged. Each Guaranteeing Subsidiary’s Guarantee is subject to the terms and
conditions set forth in the Indenture. Each Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee
and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of such benefits. 
 SECTION 3.8. Ratification of
Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This
Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 

SECTION 3.9. The Trustee. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental
Indenture or with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto. 
 SECTION
3.10. Counterparts. The parties hereto may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental
Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all
purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

SECTION 3.11. Execution and Delivery. Each Guaranteeing Subsidiary agrees that the Guarantee shall remain in full force and effect
notwithstanding any failure to endorse on each Note a notation of any such Guarantee. 
 SECTION 3.12. Headings. The headings of the
Articles and the Sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

			
	INFOR (US), INC.
		
	By:	 	/s/ Gregory M. Giangiordano
		 	Name: Gregory M. Giangiordano
		 	Title: President
	
	GT NEXUS, INC.,
	as a Guarantor
		
	By:	 	/s/ Gregory M. Giangiordano
		 	Name: Gregory M. Giangiordano
		 	Title: President
	
	GT TOPCO, LLC,
	as a Guarantor
		
	By:	 	/s/ Gregory M. Giangiordano
		 	Name: Gregory M. Giangiordano
		 	Title: President
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Trustee and Notes Collateral Agent

		
	By:	 	/s/ Jane Y. Schweiger
		 	Name: Jane Y. Schweiger
		 	Title: Vice President

 [Signature Page to the Second Supplemental Indenture - 2020 Notes]

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