Document:

livent_secondamendmentto

                                                           EXECUTION VERSION                       SECOND AMENDMENT TO CREDIT AGREEMENT          SECOND  AMENDMENT TO     CREDIT AGREEMENT     (this “Amendment”), dated as of   August 3, 2020, by and among LIVENT CORPORATION, a Delaware corporation (“Livent”), FMC   LITHIUM USA CORP., a Delaware corporation (together with Livent, collectively, the “Borrowers” and,   each, a “Borrower”), the Guarantors (as defined below), the lenders and issuing banks listed on the signature   pages hereof under the heading “Lenders” (the “Lenders”) and CITIBANK, N.A., as administrative agent   (in such capacity, the “Administrative Agent”) for the Lenders.                                  W I T N E S S E T H:                WHEREAS, the Borrowers, the guarantors party thereto from time to time (the  “Guarantors”), the lenders from time to time party thereto and the Administrative Agent are party to that   certain Credit Agreement, dated as of September 28, 2018 (as amended by the First Amendment to Credit   Agreement, dated as of May 6, 2020, the “Existing Credit Agreement”; the Existing Credit Agreement, as   amended by this Amendment, the “Amended Credit Agreement”).                WHEREAS,  the Borrowers and the Administrative Agent wish to amend certain   provisions of the Existing Credit Agreement to provide for, amongst other things, (a) modifications to the  financial covenant in Section 6.01(a) of the Existing Credit Agreement and (b) certain other modifications   and updates to the Existing Credit Agreement as further detailed herein, in each case, subject to the terms   and conditions set forth herein.                 NOW, THEREFORE, in consideration of the covenants and agreements contained   herein, as well as other good and valuable consideration, the receipt and sufficiency of which are hereby   acknowledged, the parties hereto agree as follows:                SECTION 1.  Defined Terms.  Capitalized terms used but not otherwise defined herein   shall have the respective meanings assigned to such terms in the Amended Credit Agreement.                SECTION 2.  Amendments.  Effective as of the Second Amendment Effective Date, the   Existing Credit Agreement is hereby amended as follows:                   (a)  The definition of “Unrestricted Subsidiary” in Section 1.01 of the Existing Credit   Agreement is hereby amended by deleting “Total Leverage Ratio specified in Section 6.01(a)” in clause   (a)(ii)(A) and the second clause (b) thereof and replacing it, in each case, with “Total Leverage Ratio or the   First Lien Leverage Ratio specified in Section 6.01(a), as applicable”.                    (b)  Section 6.01(a) of the Existing Credit Agreement is hereby amended and restated   in its entirety as follows:                 “(a) Maximum Total Leverage Ratio and Maximum First Lien Leverage Ratio Prior   to the Covenant Conversion Date. (i) On June 30, 2020, Livent shall maintain on the last day of such   Fiscal Quarter a Total Leverage Ratio of not more than a ratio of 6.00 to 1.00 and (ii) commencing on   September 30, 2020 and ending on the last day of each Fiscal Quarter prior to the Covenant Conversion   Date, Livent shall maintain on the last day of each such Fiscal Quarter a First Lien Leverage Ratio of not   more than a ratio of 3.50 to 1.00.”        WEIL:\97565528\4\35899.0596 

 

                (c)  Section 6.02 of the Existing Credit Agreement is hereby amended by deleting  “Total Leverage Ratio” in clause (a)(iii)(A)(x) thereof and replacing it with “Total Leverage Ratio or the  First Lien Leverage Ratio, as applicable”.                   (d)  Footnote 4 in Section 6 of Exhibit G (Form of Compliance Certificate) of the  Existing Credit Agreement is hereby amended by deleting it in its entirety and replacing it with “Include  financial data and calculations for the Total Leverage Ratio or the First Lien Leverage Ratio, as applicable.”                SECTION 3.  Representations and Warranties. Each Loan Parties hereby represent and   warrant to the Lenders on the Second Amendment Effective Date that:                   (a)  The execution, delivery and performance by each Loan Party of this Amendment   and the consummation of the transactions contemplated hereby:                      (i)  are within such Loan Party’s corporate, limited liability company, partnership               or other powers;                      (ii)  have been duly authorized by all necessary action, including the consent of               shareholders, partners and members where required;                      (iii)  do not and will not  contravene such Loan Party’s or any other Restricted               Subsidiaries’ respective Constituent Documents,  violate any other Requirement of Law               applicable to such Loan Party or any other Restricted Subsidiary (including the Margin               Regulations), or any order or decree of any Governmental Authority or arbitrator applicable               to such Loan Party or any other Restricted Subsidiary, conflict with or result in the breach               of, or constitute a default under, or result in or permit the termination or acceleration of,               any Contractual Obligation of such Loan Party or any other Restricted Subsidiary, or result               in the creation or imposition of any Lien upon any property of such Loan Party or any other               Restricted Subsidiary; and                      (iv)  do not require the consent of, authorization by, approval of, notice to, permit               from or filing or registration with, any Governmental Authority or any other Person, other               than those that have been or will be, prior to the Second Amendment Effective Date,               obtained or made, and each of which on the Second Amendment Effective Date will be in               full force and effect.                  (b)  This Agreement has been duly executed and delivered by each Loan Party.  This   Agreement is the legal, valid and binding obligation of each Loan Party, enforceable against such Loan   Party in accordance with its terms.                   (c)  Immediately prior to and after giving effect to the terms, conditions, and provisions   of this Amendment, no Default or Event of Default exists.                   (d)  The representations and warranties contained in the Loan Documents are correct   in all material respects (except any representations and warranties that are qualified by materiality, which   shall be true and correct in all respects) with the same effect as though made on and as of such date, other   than any such representations or warranties that, by their terms, refer to an earlier date, such representations   and warranties are true and correct as of such earlier date.                                         - 2 -                                                                                             WEIL:\97565528\4\35899.0596 

 

             SECTION 4.  Conditions to Effectiveness of this Amendment.  The effectiveness of this   Amendment is subject to the satisfaction (or waiver in writing by the Administrative Agent (at the direction  of the Required Lenders)) of the following conditions precedent (the date on which such conditions are  satisfied or waived being referred to herein as the “Second Amendment Effective Date”):                   (a)  This Amendment, duly executed and delivered by each of the Borrowers, the   Guarantors and the Lenders (which together constitute the Required Lenders).                   (b)  Immediately prior to and after giving effect to the terms, conditions, and provisions   of this Amendment, no Default or Event of Default exists.                   (c)  The representations and warranties contained in this Amendment and the other   Loan Documents are correct in all material respects (except any representations and warranties that are   qualified by materiality, which shall be true and correct in all respects) with the same effect as though made   on and as of such date, other than any such representations or warranties that, by their terms, refer to an   earlier date, such representations and warranties are true and correct as of such earlier date.                SECTION 5.  Effect on Loan Documents.             (a)  On and after the effectiveness of this Amendment, each reference in the Existing Credit   Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import shall mean and be a   reference to the Amended Credit Agreement and each reference in any other Loan Document to “the Credit   Agreement” shall mean and be a reference to the Amended Credit Agreement.             (b)  Except as specifically amended hereby, all Loan Documents shall continue to be in full   force and effect and are hereby in all respects ratified and confirmed.             (c)  The execution, delivery and effectiveness of this Amendment shall not operate as a waiver   of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents,   nor constitute a waiver of any provision of the Loan Documents or in any way limit, impair or otherwise   affect the rights and remedies of the Administrative Agent or the Lenders under the Loan Documents,   except as provided herein.              (d)  The Borrowers and the other parties hereto acknowledge and agree that, on and after the   effective date of this Amendment, this Amendment shall constitute a Loan Document for all purposes of   the Amended Credit Agreement.                SECTION 6.  Applicable Law; Waiver of Right; Trial by Jury; Jurisdiction.  THIS   AMENDMENT, AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR   TORT OR OTHERWISE) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE IN ANY WAY   TO THIS AMENDMENT, THE EXECUTION OR PERFORMANCE OF THIS AMENDMENT OR THE   TRANSACTIONS CONTEMPLATED HEREBY, SHALL BE GOVERNED BY, AND CONSTRUED   IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO   ANY PRINCIPLE OF CONFLICTS OF LAW THAT COULD REQUIRE THE APPLICATION OF ANY   OTHER LAW.  The jurisdiction and waiver of right to trial by jury provisions in Sections 9.12 and 9.13 of   the Existing Credit Agreement are incorporated herein by reference, mutatis mutandis.                                           - 3 -                                                                                             WEIL:\97565528\4\35899.0596 

 

             SECTION 7.  Miscellaneous.              (a)  This Amendment shall be binding upon and inure to the benefit of the Loan Parties and   their respective successors and permitted assigns, and upon the Administrative Agent and the Lenders and  their respective successors and permitted assigns.             (b)  The illegality or unenforceability of any provision of this Amendment or any instrument  or agreement required hereunder shall not in any way affect or impair the legality or enforceability of the  remaining provisions of this Amendment or any instrument or agreement required hereunder.              (c)  This Amendment may be executed in counterparts (and by different parties hereto in  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  telecopy or other electronic imaging (including in .pdf format) means shall be effective as delivery of a  manually executed counterpart of this Amendment. The words “execution,” “signed,” “signature,”  “delivery,” and words of like import in or relating to any document to be signed in connection with this  Amendment and the transactions contemplated hereby or thereby shall be deemed to include Electronic  Signatures (a defined below), deliveries or the keeping of records in electronic form, each of which shall  be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery  thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided  for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce  Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on  the Uniform Electronic Transactions Act. For the purposes of the foregoing, “Electronic Signature” means   an electronic sound, symbol, or process attached to, or associated with, a contract or other record and   adopted by a Person with the intent to sign, authenticate or accept such contract or record.              (d)  Section headings herein are included for convenience of reference only and shall not   affect the interpretation of this Amendment.                SECTION 8.  Reaffirmation.  Each of the Loan Parties signatory hereto as debtor, grantor,   pledgor, guarantor, assignor, or in any other similar capacity in which such Loan Party grants liens or   security interests in its property or otherwise acts as accommodation party or guarantor, as the case may be,   hereby (a) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise,   under each of the Loan Documents to which it is a party (after giving effect hereto) and (b) to the extent   such Loan Party granted liens on or security interests in any of its property pursuant to any such Loan   Document as security for or otherwise guaranteed the Obligations under or with respect to the Loan   Documents, ratifies and reaffirms such guarantee and grant of security interests and liens and confirms and   agrees that such security interests and liens hereafter secure all of the Obligations as amended hereby.  Each   of the Loan Parties signatory hereto hereby consents to this Amendment and acknowledges that each of the  Loan Documents (as amended herby) remains in full force and effect and is hereby ratified and reaffirmed.   The execution of this Amendment shall not operate as a waiver of any right, power or remedy of the   Administrative Agent or Lenders, constitute a waiver of any provision of any of the Loan Documents or   serve to effect a novation of the Obligations.                          [Remainder of page intentionally left blank.]                                          - 4 -                                                                                             WEIL:\97565528\4\35899.0596 

 

            IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to  execute and deliver this Amendment as of the date first above written.                                       LIVENT CORPORATION, as Borrower                                      By:                                       Name: Gilberto Antoniazzi                                     Title:  Vice President, Chief  Financial Officer                                            and Treasurer                                     FMC LITHIUM USA CORP., as Borrower                                        By:                                       Name:                                          Gilberto Antonazzi                                     Title:  Vice President and Chief Financial Officer                  [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

                     FMC ASIA-PACIFIC, INC., as Guarantor                       By:                      Name: Gilberto Antoniazzi                       Title:  President                        FMC LITHIUM OVERSEAS LTD., as Guarantor                       By:                        Name: Gilberto Antoniazzi                       Title: President and Treasurer   [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

                     CITIBANK, N.A., as Administrative Agent and a Lender                        By: ___________________________________                        Name: Michael Vondriska                      Title: Vice President   [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

 

                                       Goldman Sachs Bank USA, as Lender                                                                                                                By:                                                                    Name:                                       Title:                   [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]                WEIL:\97565528\4\35899.0596 

 

 

                     SUMITOMO MITSUI BANKING CORPORATION,                        as Lender                                                                     By:                                                     Name:  Jun Ashley                       Title:  Director                    [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]                

 

                       CREDIT SUISSE AG, CAYMAN                         ISLANDS BRANCH, as Lender                           By:                          Name:  Nupur Kumar                         Title:  Authorized Signatory                           By:                          Name:  Jessica Gavarkovs                         Title: Authorized Signatory    [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT] 

 

                                       JPMORGAN CHASE BANK, N.A., as Lender                                                                                                                                                     By:                                       Name:  James A. Knight                                      Title:  Executive Director                   [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]    WEIL:\97565528\3\35899.0596Exhibit 4.1

 

	NUMBER	UNITS
	U-	 

 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP 53625R203

Lionheart Acquisition Corporation II

 

UNITS CONSISTING OF ONE SHARE OF CLASS A
COMMON STOCK AND ONE-HALF OF ONE WARRANT

 

THIS CERTIFIES THAT                     
is the owner of          Units.

 

Each Unit (“Unit”)
consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common Stock”),
of Lionheart Acquisition Corporation II, a Delaware corporation (the “Company”), and one-half of one
redeemable warrant (the “Warrant”). Each whole Warrant initially entitles the holder to purchase
one (1) share of Common Stock for $11.50 per share (subject to adjustment). Only whole Warrants are exercisable. Each whole
Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger,
capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more
businesses (each a “Business Combination”), or (ii) twelve (12) months from the closing of
the Company’s initial public offering and unless exercised earlier, will expire at 5:00 p.m., New York City Time, on the
date that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon
redemption thereof or the Company’s liquidation. The Common Stock and Warrants comprising the Units represented by this
certificate are not transferable separately prior to            , 2020,
unless Nomura Securities International, Inc. and Cantor Fitzgerald & Co. elect to allow separate trading earlier, subject to
the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited
balance sheet reflecting the Company’s receipt of the gross proceeds of the Company’s initial public offering and the
Company issuing a press release announcing when separate trading will begin. The terms of the Warrants are governed by a Warrant
Agreement, dated as of              , 2020, between the Company
and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained
therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the
Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004,
and are available to any Warrant holder on written request and without cost.

 

This certificate is
not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 

This certificate shall
be governed by and construed in accordance with the internal laws of the State of New York.

 

Witness the facsimile
signature of a duly authorized signatory of the Company.

 

 

	 	 	 	 	 
	Authorized Signatory	 	 	 	Transfer Agent and Registrar

 

     

     

    

 

Lionheart Acquisition Corporation II

 

The Company will furnish
without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating,
optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or
restrictions of such preferences and/or rights.

 

The following abbreviations,
when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according
to applicable laws or regulations: 

 

	TEN COM     —     as tenants in common	 	UNIF GIFT MIN ACT	 	—	 	 	 	Custodian	 	 
	TEN ENT       —     as tenants by the entireties	 	 	 	 	 	    (Cust)    	 	 	 	      (Minor)      
	 	 	 	 
	JT TEN          —     as joint tenants with right of survivorship and not as tenants in common	 	 	 	 	 	under Uniform Gifts to Minors Act
	 	 	 	 	 	 	 
	 	 	 	 	 	 	(State)

 

Additional abbreviations may also be used
though not in the above list.

 

For value received,                     
hereby sell, assign and transfer unto                     

 

(PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE)

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING
ZIP CODE, OF ASSIGNEE)

 

Units represented by the within Certificate,
and do hereby irrevocably constitute and appoint

 

Attorney to transfer the said Units on the books of
the within named Company with full power of substitution in the premises.

 

Dated

 

	 	 
	 	 
	 	 
	 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 

	Signature(s) Guaranteed:	 
	 	 
	 	 
	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE).	 

 

     

     

    

 

In each case,
as more fully described in the Company’s final prospectus dated [•], 2020, the holder(s) of this certificate shall
be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with the Company’s
initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in the Company’s
initial public offering and liquidates because it does not consummate an initial business combination by [•], 2022 (or such
later date as the Company’s amended and restated certificate of incorporation may be amended to provide for), (ii) the
Company offers to redeem the shares of Common Stock sold in its initial public offering in connection with a stockholder vote to
amend the Company’s amended and restated certificate of incorporation (A) to modify the substance or timing of the ability
of holders of Common Stock sold in the Company’s initial public offering to seek redemption in connection with the Company’s
initial business combination or the Company’s obligation to redeem 100% of such Common Stock if it does not consummate an
initial business combination by [•], 2022 or (B) with respect to any other provision relating to stockholders’ rights
or pre-initial business combination activity, and the holder(s) of this certificate elects to have the shares of Common Stock held
by him, her or it redeemed pursuant to that offer, or (iii) if the holder(s) seek(s) to redeem for cash his, her
or its respective shares of Class A common stock in connection with a tender offer (or proxy solicitation, solely in the event
the Company seeks stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial
business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust
account.

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