Document:

EX-10.4

 Exhibit 10.4 

AMENDMENT NO. 1 TO CREDIT AGREEMENT 

AMENDMENT (this “Amendment”) dated as of March 1, 2021 to the Revolving Credit Agreement dated as of August 7, 2018
(as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”) by and among Twitter, Inc. (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as
Administrative Agent (the “Administrative Agent”). 
 W I T N E S S E T H : 

WHEREAS, the Borrower has requested to amend the Credit Agreement pursuant to Section 9.02(b) of the Credit Agreement; and 

WHEREAS, the Lenders on the signature pages hereto constitute the Required Lenders under the Credit Agreement; 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as
follows: 
 SECTION 1. Defined Terms; References.  

(a) Unless otherwise specifically defined herein, each term used herein that is defined in this Amendment has the meaning assigned to such
term in the Credit Agreement. 
 (b) Each reference to “hereof”, “hereunder”, “herein” and “hereby”
and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Credit Agreement shall, after this Amendment becomes effective, refer to the Credit Agreement as amended hereby. This
Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. 

SECTION 2. Amendment of the Credit Agreement. Subject to the satisfaction of the conditions set forth in
Section 6 of this Amendment, effective as of the Amendment Effective Date (as defined below): 
 (a) Section 1.01 of the Credit
Agreement is hereby amended to add the following definitions in proper alphabetical order: 
 ““Common Stock” means
the common stock, $0.000005 par value per share, of the Borrower.” 
 ““Permitted Call Spread Transaction” means
(a) any call or capped call option (or substantively equivalent derivative transaction) relating to the Common Stock (or other securities or property following a merger event, reclassification or other change of the Common Stock) purchased by
the Borrower in connection with the issuance of any convertible debt securities and settled in Common Stock (or such other securities or property following a merger event, reclassification or other change 

 

 of the Common Stock), cash or a combination thereof (such amount of cash determined by reference to the
price of the Common Stock or such other securities or property), and cash in lieu of fractional shares of Common Stock, or (b) any call option, warrant or right to purchase (or substantively equivalent derivative transaction) relating to the
Common Stock (or other securities or property following a merger event, reclassification or other change of the Common Stock) sold by the Borrower substantially concurrently with any purchase by the Borrower of a Permitted Call Spread Transaction
described in clause (a) and settled in Common Stock (or such other securities or property following a merger event, reclassification or other change of the Common Stock), cash or a combination thereof (such amount of cash determined by
reference to the price of the Common Stock or such other securities or property), and cash in lieu of fractional shares of Common Stock; provided that the terms, conditions and covenants of each such transaction described in clause
(a) or clause (b) shall be such as are customary for transactions of such type (as determined by the Board of Directors in good faith).” 

(b) The definition of Equity Interests contained in Section 1.01 of the Credit Agreement is hereby amended by amending the proviso at the
end of thereof in its entirety as follows: 
 “ provided that Equity Interests shall not include (i) any debt securities
that are convertible into or exchangeable for any combination of Equity Interests and/or cash (or such other securities or property following a merger event, reclassification or other change of the Common Stock) or (ii) any Permitted Call
Spread Transaction or any warrants, options or rights issued or purchased or sold by the Borrower in connection therewith. 
 (c)
Section 6.01(c) of the Credit Agreement is hereby amended and restated in its entirety as follows: 
 “(c) Specified Indebtedness
(including, for the avoidance of doubt, Capital Lease Obligations and Purchase Money Indebtedness) in an aggregate principal amount at any time outstanding not to exceed the greater of (A) $6,000,000,000 and (B) the product of (x) 2.5 and
(y) Consolidated Adjusted EBITDA for the most recently ended Measurement Period for which financial statements have been delivered.” 

SECTION 3. Governing Law. This Amendment shall be governed by and construed in accordance with
the laws of the State of New York. 
 SECTION 4. Counterparts. This Amendment may be signed
in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. The words “execution,” “signed,” “signature,”
“delivery,” and words of like import in or relating to this Amendment and/or any document to be signed in connection herewith 

  
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and the transactions contemplated hereby shall be deemed to include Electronic Signatures (as defined below), deliveries or the keeping of records in electronic form (including deliveries by
telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), 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. “Electronic Signatures” means 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. 
 SECTION 5. Representations
and Warranties. To induce the other parties hereto to enter into this Amendment, the Borrower represents and warrants to each other party hereto, on and as of the Amendment Effective Date, that the following statements are true and correct: 

(a) The execution, delivery and performance by the Borrower of this Amendment (A) are within the Borrower’s corporate or other
organizational powers and have been duly authorized by all necessary corporate or other organizational and, if required, equity holder action and (B) does not and will not (i) require any consent or approval of, registration or filing
with, or any other action by, any Governmental Authority, except (a) such as have been obtained or made and are in full force and effect and (b) those approvals, consents, registrations, filings or other actions, the failure of which to
obtain or make could not reasonably be expected to have a Material Adverse Effect, (ii) except as could not reasonably be expected to have a Material Adverse Effect, violate any applicable law or regulation or any order of any Governmental
Authority, (iii) violate any charter, by-laws or other organizational document of the Borrower or any of its Subsidiaries, (iv) except as could not reasonably be expected to have a Material Adverse
Effect, violate or result in a default under any indenture, agreement or other instrument (other than the agreements and instruments referred to in clause (iii)) binding upon the Borrower or any of its Subsidiaries or its assets, or give rise to a
right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries, and (v) result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries. The Borrower has duly executed and
delivered this Amendment, and the Amendment constitutes its legal, valid and binding obligation, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

  
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 (b) The representations and warranties of the Borrower and the other Loan Parties contained
in Article 3 of the Credit Agreement and in any other Loan Document, are (i) in the case of representations and warranties qualified by “materiality”, “Material Adverse Effect” or similar language, true and correct in
all respects and (ii) in the case of all other representations and warranties, true and correct in all material respects, in each case on and as of the date hereof, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they are true and correct on the basis set forth above as of such earlier date, and the representations and warranties contained in Section 3.04(a) shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b), respectively, of Section 5.01. 
 (c) No Default or Event of Default has occurred and is
continuing at the time of or immediately after giving effect to this Amendment.  
 SECTION 6.
Effectiveness. This Amendment shall become effective on and as of the first date (the “Amendment Effective Date”) on which each of the following conditions shall have been satisfied: 

(a) the Administrative Agent shall have received from the Borrower, the Lenders that constitute the Required Lenders and the Administrative
Agent, an executed counterpart to this Amendment; 
 (b) the representations and warranties set forth in Section 5 shall be true and
correct in all material respects, except to the extent the representations and warranties therein expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date (and by delivering
its signature page to this Amendment, the Borrower certifies that this condition is satisfied); 
 (c) the Administrative Agent shall have
received all expenses for which invoices have been presented (including the reasonable and documented out of pocket fees and expenses of legal counsel to the Administrative Agent) at least one Business Day before the Amendment Effective Date; and

 (d) no Default or Event of Default shall have occurred and be continuing at the time of or immediately after giving effect to this
Amendment and the transactions contemplated hereby (and by delivering its signature page to this Amendment, the Borrower certifies that this condition is satisfied). 

SECTION 7. Effect of Amendment. 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 or the Lenders under the Credit 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 Credit 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
(i) be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the 

  
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terms, conditions, obligations, covenants or agreements contained in the Credit Agreement, any other Loan Document or any of the instruments or agreements referred to in any thereof, in similar
or different circumstance, (ii) be deemed to be a consent to, or a waiver, modification or forbearance of, any Default or Event of Default, whether or not known to the Administrative Agent or any of the Lenders or (iii) prejudice any right
or remedy which the Administrative Agent or any of the Lenders may now have or have in the future against any Person under or in connection with the Credit Agreement, any of the instruments or agreements referred to therein or any of the
transactions contemplated thereby. 
 SECTION 8. Headings. Section headings herein are included herein for
convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect. 
 [signatures
follow on next page] 
  

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

			
	TWITTER, INC., as Borrower
		
	By:	 	 /s/ Ned Segal

		 	Name: Ned Segal
		 	Title: Chief Financial Officer

 [Signature Page to Amendment No. 1] 

 
			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Lender
		
	By:	 	 /s/ Matthew Cheung

		 	Name: Matthew Cheung
		 	Title: Vice President

 [Signature Page to Amendment No. 1] 

 
			
	 Goldman Sachs Bank USA
 as a
Lender

		
	By:	 	 /s/ Mahesh Mohan

		 	Name: Mahesh Mohan
		 	Title:   Authorized Signatory

 [Signature Page to Amendment No. 1] 

 
			
	 MORGAN STANLEY SENIOR FUNDING, INC.,

as a Lender

		
	By:	 	 /s/ Phillip Magdaleno

		 	Name: Phillip Magdaleno
		 	Title:   Authorized Signatory

 [Signature Page to Amendment No. 1]Exhibit 10.1

        

    FIRST AMENDMENT TO CREDIT AGREEMENT

    THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Agreement”)

      is made and entered into as of March 2, 2021, by and among USA TECHNOLOGIES, INC., a Pennsylvania corporation (the “Borrower”), the Lenders party hereto, and JPMORGAN CHASE BANK,
      N.A., as Administrative Agent (the “Administrative Agent”).

    
    W I T N E S E T H :

    WHEREAS, Borrower, the other Loan Parties party thereto, the Lenders, and Administrative Agent have executed and
      delivered that certain Credit Agreement dated as of August 14, 2020 (as the same may be amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”).

    WHEREAS, Borrower has requested that Administrative Agent and Lenders amend certain provisions of the Credit Agreement
      as set forth herein, and Administrative Agent and the Lenders party hereto have agreed to such amendments, subject to the terms and conditions hereof.

    NOW, THEREFORE, for and in consideration of the above premises and other good and valuable consideration, the receipt
      and sufficiency of which is hereby acknowledged by the parties hereto, Borrower, Administrative Agent, and the Lenders party hereto hereby covenant and agree as follows:

    SECTION 1. Definitions.  Unless otherwise specifically defined herein, each term used herein (and in the recitals above) which is defined in the Credit Agreement shall have the meaning assigned to such term in the Credit Agreement.  Each
        reference to “hereof,” “hereunder,” “herein,” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Credit Agreement from and after the date hereof refer to the Credit
        Agreement as amended hereby.

    SECTION 2. Amendment to Credit Agreement.

    (a) Section 1.01 of the Credit Agreement is amended to add the following in appropriate
      alphabetical order:

    “First Amendment Effective Date” means March 2, 2021.

    (b) The introductory clause of the definition of “Applicable Rate” in Section 1.01 of the Credit
      Agreement is amended so that it reads, in its entirety, as follows:

    “Applicable Rate”
      means, for any day, with respect to any Loan, or with respect to the commitment fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “Revolving Commitment CBFR Spread”, “Revolving Commitment
      Eurodollar Spread” “Term A Loan CBFR Spread”, “Term A Loan Eurodollar Spread” or “Commitment Fee Rate”, as the case may be, based upon the Borrower’s Total Leverage Ratio as of the most recent determination date, provided that until but not including the First Amendment Effective Date, the “Applicable Rate” shall be the applicable rates per annum set forth below in Category 1 and on and including the First

     
    
      
        

        

        

        

      

      
        

      
        

        

      

    

    

       

     
    Amendment Effective Date through December 31, 2021, the “Applicable Rate” shall be the applicable
      rates per annum set forth below in Category 2:

    (c) Each reference to “1.00%” in the following definitions in Section 1.01 of the Credit Agreement
      is hereby amended to read “0.75%”:  “Adjusted One Month LIBOR Rate”, “Benchmark Replacement”, “Federal Funds Effective Date”, “Interpolated Rate”, “LIBOR Screen Rate”, “NYFRB Rate”, and “Unadjusted Benchmark Replacement.”

    SECTION 3. Conditions Precedent.  This Agreement shall become effective only upon satisfaction of the following conditions precedent on or before the date hereof:

    (a) execution and delivery of this Agreement by Borrower, the other Loan Parties, Administrative
      Agent, and the Required Lenders;

    (b) execution and delivery by the Guarantors of the Consent, Reaffirmation, and Agreement of
      Guarantors attached hereto; and

    (c) Borrower shall have paid to Administrative Agent, for the account of the applicable parties,
      all fees and expenses (including legal fees and expenses) due and payable under the Credit Agreement and in connection with this Agreement.

    SECTION 4. Miscellaneous Terms.

    (a) Loan Document.  For avoidance of doubt, Borrower, Administrative Agent, and the Lenders party hereto hereby acknowledge and agree that this Agreement is a Loan Document.

    (b) Effect of
          Agreement.  Except as set forth expressly hereinabove, all terms of the Credit Agreement and the other Loan Documents shall be and remain in full force and effect, and shall constitute the legal, valid,
        binding, and enforceable obligations of the Loan Parties.  Except to the extent otherwise expressly set forth herein, the amendments set forth herein shall have prospective application only from and after the date of this Agreement.

    (c) No Novation or
          Mutual Departure.  Borrower expressly acknowledges and agrees that (i) there has not been, and this Agreement does not constitute or establish, a novation with respect to the Credit Agreement or any of
        the other Loan Documents, or a mutual departure from the strict terms, provisions, and conditions thereof, other than with respect to the amendments contained in Section 2 above,
        and (ii) nothing in this Agreement shall affect or limit Administrative Agent or any Lender’s right to demand payment of liabilities owing from any Loan Party to Administrative Agent or the Lenders under, or to demand strict performance of the
        terms, provisions and conditions of, the Credit Agreement and the other Loan Documents, to exercise any and all rights, powers, and remedies under the Credit Agreement or the other Loan Documents or at law or in equity, or to do any and all of the
        foregoing, immediately at any time after the occurrence of a Default or an Event of Default under the Credit Agreement or the other Loan Documents.

    (d) Ratification.  Borrower (i) hereby restates, ratifies, and reaffirms each and every term, covenant, and condition set forth in the Credit Agreement and the other Loan

     
    
      
        

        

        

        

      

      
        

      
        

        

      

    

    

       

     
    Documents to which it is a party effective as of the date hereof and (ii) restates and renews each and every
      representation and warranty heretofore made by it in the Credit Agreement and the other Loan Documents as fully as if made on the date hereof and with specific reference to this Agreement and any other Loan Documents executed or delivered in
      connection herewith (except with respect to representations and warranties made as of an expressed date, in which case such representations and warranties shall be true and correct in all material respects as of such date).

    (e) No Default.  To induce Administrative Agent and the Lenders to enter into this Agreement and to continue to make advances pursuant to the Credit Agreement (subject to the terms and conditions thereof), Borrower hereby acknowledges
        and agrees that, as of the date hereof, and after giving effect to the terms hereof, there exists (i) no Default or Event of Default, and (ii) no right of offset, defense, counterclaim, claim, or objection in favor of Borrower or any other Loan
        Party or arising out of or with respect to any of the Loans or other obligations of Borrower or any other Loan Party owed to Administrative Agent or the Lenders under the Credit Agreement or any other Loan Document.

    (f) Counterparts.  This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which
        counterparts, taken together, shall constitute but one and the same instrument.  This Agreement may be executed by each party on separate copies, which copies, when combined so as to include the signatures of all parties, shall constitute a single
        counterpart of the Agreement.

    (g) Fax or Other
          Transmission.  Delivery by one or more parties hereto of an executed counterpart of this Agreement via facsimile, telecopy or other electronic method of transmission pursuant to which the signature of
        such party can be seen (including Adobe Corporation’s Portable Document Format or PDF) shall have the same force and effect as the delivery of an original manually executed counterpart of this Agreement 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.  Any party delivering an executed counterpart of this Agreement by facsimile or other electronic method of transmission shall also deliver an original executed counterpart thereof, but
        the failure to do so shall not affect the validity, enforceability, or binding effect of this Agreement. The words “execution,” “signed,” “signature,” and words of like import in this Agreement shall be deemed to include electronic signatures or
        the keeping of records in electronic form.

    (h) Recitals
          Incorporated Herein.  The preamble and the recitals to this Agreement are hereby incorporated herein by this reference.

    (i) Section
          References.  Section titles and references used in this Agreement shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto
        evidenced hereby.

     
    
      
        

        

        

        

      

      
        

      
        

        

      

    

    

       

     
    (j) Further
          Assurances.  Borrower agrees to take, at Borrower’s expense, such further actions as Administrative Agent shall reasonably request from time to time to evidence the amendments set forth herein and the
        transactions contemplated hereby.

    (k) Governing Law.  This Agreement shall be governed by and construed and interpreted in accordance with the internal laws of the State of New York but excluding any principles of conflicts of law or other rule of law that would cause the
        application of the law of any jurisdiction other than the laws of the State of New York.

    (l) Severability.  Any provision of this Agreement which is prohibited or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof in that jurisdiction or
        affecting the validity or enforceability of such provision in any other jurisdiction.

     
    [SIGNATURES ON FOLLOWING PAGES.]

     

    

     

    

     
    
      
        

        

        

        

      

      
        

      
        

        

      

    

    IN WITNESS WHEREOF, Borrower, Administrative Agent, and the Lenders party hereto have caused this Agreement to be duly
      executed under seal by its duly authorized officer as of the day and year first above written.

     

    

    
      	 	
              BORROWER:

            	 
	 	 	 
	 	
              USA TECHNOLOGIES, INC.

              

            	 
	 	 	 
	
               

              

            	
              By: 

            	/s/ Sean Feeney

              	 
	 	 	Name: Sean Feeney

            	 
	 	 	Title:    CEO

              	 
	 	 	 	 

    

     

    
    
      	 	
              ADMINISTRATIVE AGENT AND LENDERS:

            	 
	 	 	 
	 	
              JPMORGAN CHASE BANK, N.A., individually, and as Administrative Agent, Lender, Swingline Lender and Issuing Bank

            	 
	 	 	 
	
               

              

            	
              By: 

            	/s/ Eleftherios Karsos

              	 
	 	 	Name: Eleftherios Karsos

            	 
	 	 	Title:    Authorized Officer

              	 
	 	 	 	 

       

    

           
    
      
        

        

        

        

      

      
        

      
        

        

      

    

    

       

     
    CONSENT, REAFFIRMATION, AND AGREEMENT OF GUARANTORS

       
    Each of the undersigned (a) acknowledges receipt of the foregoing First Amendment to Credit Agreement (the “Agreement”); (b) consents to the execution and delivery of the Agreement; and (c) reaffirms all of its obligations and covenants under the Credit Agreement (as defined in the Agreement)
      and all of its other obligations under the Loan Documents to which it is a party, and, agrees that none of its obligations and covenants shall be reduced or limited by the execution and delivery of the Agreement or any of the other instruments,
      agreements or other documents executed and delivered pursuant thereto.

    This Consent, Reaffirmation, and Agreement of Guarantors (this “Consent”)

      may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which counterparts, taken together, shall constitute but
      one and the same instrument.  This Consent may be executed by each party on separate copies, which copies, when combined so as to include the signatures of all parties, shall constitute a single counterpart of the Consent.  Delivery by one or more
      parties hereto of an executed counterpart of this Consent via facsimile, telecopy or other electronic method of transmission pursuant to which the signature of such party can be seen (including Adobe Corporation’s Portable Document Format or PDF)
      shall have the same force and effect as the delivery of an original manually executed counterpart of this Consent 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.  Any party delivering an executed
      counterpart of this Consent by facsimile or other electronic method of transmission shall also deliver an original executed counterpart thereof, but the failure to do so shall not affect the validity, enforceability, or binding effect of this
      Consent. The words “execution,” “signed,” “signature,” and words of like import in this Consent shall be deemed to include electronic signatures or the keeping of records in electronic form.

    As of March 2, 2021

     
    
      	 	
              GUARANTORS:

            	 
	 	 	 
	 	
              USAT CAPITAL CORP LLC

            	 
	 	 	 
	
               

              

            	
              By: 

            	/s/ Davina Furnish	 
	 	 	Name: Davina Furnish	 
	 	 	Title:     Secretary – USA Technologies, Inc.	 
	 	 	 	 
	 	 	 	 

    

      
    
      	 	
              CANTALOUPE SYSTEMS, INC.

            	 
	 	 	 	 
	
               

              

            	
              By: 

            	/s/ Sean Feeney	 
	 	 	Name: Sean Feeney	 
	 	 	Title:     President & CEO

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