Document:

Exhibit

Exhibit 10.34

EASTMAN CHEMICAL COMPANY
2017 OMNIBUS STOCK COMPENSATION PLAN

AWARD NOTICE FOR GRANT OF RESTRICTED STOCK UNITS

Grantee:  Lucian Boldea

Number of Restricted Stock Units: 14,394

Grant Date:  February 26, 2018

This Award Notice for the Grant of Restricted Stock Units (this "Award Notice") by and between Eastman Chemical Company ("Company") and the Grantee named above (referred to below as "you") evidences the grant by the Company of Restricted Stock Units ("RSUs" or the "Award") to you on the date stated above (the "Grant Date") and your acceptance of such RSUs in accordance with the provisions of the Eastman Chemical Company 2017 Omnibus Stock Compensation Plan, as amended from time to time (the "Plan"). 

The RSUs are subject to the terms and conditions set forth in the Plan (which is incorporated herein by reference), any rules and regulations adopted by the Board of Directors of the Company or the Compensation and Management Development Committee (collectively, the "Committee"), and this Award Notice.  In the event of any conflict between the provisions of the Plan and the provisions of this Award Notice, the terms, conditions, and provisions of the Plan shall control, and this Award Notice shall be deemed to be modified accordingly.  Capitalized terms used in this Award Notice that are not defined herein shall have the meanings set forth in the Plan.  For purposes of this Award Notice, "Employer" means the Subsidiary that employs you, if you are not employed directly by the Company.

1.RSU Grant.  You have been granted the number of RSUs specified above, representing the right to receive the same number of unrestricted shares of the Company's $.01 par value Common Stock ("Common Stock"), upon satisfaction of the vesting provisions set forth in Section 2 of the Award Notice.

2.Vesting of RSUs.  Subject to earlier forfeiture of all of the Restricted Stock Units as described in Sections 7 and 12 of this Award Notice, the Restricted Stock Units will vest upon the earlier of: (i) third anniversary of the award date, if and only if you are still an employee of the Company or a Subsidiary on date, or (ii) termination of your employment with the Company or its Subsidiaries by reason of death or Disability; or (iii) termination of your employment for a reason which is approved by the Senior Executive responsible for Human Resources in his or her sole discretion other than death or Disability (the date described in clause (i), (ii), or (iii), as applicable, is referred to herein as the "Vesting Date").

3.Settlement of RSUs.  Subject to the other terms of this Award Notice and as soon as practicable after each Vesting Date, the Company shall direct its transfer agent to issue you one (1) share of Common Stock for each vested RSU in your name or a nominee in book entry, or to issue one or more physical stock certificates representing such shares of Common Stock in your name. 

4.Nontransferability of RSUs; Limitation on Issuance of shares of Common Stock.  The RSUs are not transferable except by will or by the laws of descent and distribution, and may not be sold, assigned, pledged or encumbered in any way, whether by operation of law or otherwise.  After each Vesting Date, certificates for the shares of Common Stock underlying the vested RSUs may be issued during your lifetime only to you, except in the case of a permanent disability involving mental incapacity.  Upon your death, any unissued shares of Common Stock underlying vested RSUs may be transferred to your legal representative as determined under applicable law, subject to the terms set forth in Section 7 of the Award Notice.
    
5.Limitation of Rights.  You will not have any rights as a stockholder with respect to the shares of Common Stock underlying the RSUs until you become the holder of record of such shares following the applicable Vesting Date.  

6.Dividend Equivalents.  Each unvested RSU entitles you to a cash payment equal to any cash dividend that the Company pays with respect to its shares of Common Stock ("Dividend Equivalents").  All accrued Dividend Equivalents shall be payable in cash by the Company or your Employer upon the Vesting Date of the RSUs giving rise to such Dividend Equivalents.   Until payment, the Dividend Equivalents shall be subject to the same terms and conditions as the RSUs to which such Dividend Equivalents relate and shall be forfeited and shall not be paid in the event that such RSUs become cancelled and forfeited.

7.Termination of Employment.  Upon termination of your employment with the Company or its Subsidiaries prior to the Vesting Date, other than for one of the reasons described in Section 2 of this Award Notice, all of the Restricted Stock Units will be canceled and forfeited by you to the Company without the payment of any consideration by the Company.  In such event, neither you nor any of your successors, heirs, assigns or personal representatives will thereafter have any further rights or interest in such shares or otherwise in this Award.

8.Income Tax and Social Insurance Contributions Withholding.

(a)    Regardless of any action the Company or your Employer takes with respect to any or all income tax (including U.S. federal, state and local taxes and/or non-U.S. taxes), social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility and that the Company and your Employer: (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the RSUs, including the grant of the RSUs, the vesting of the RSUs, and the subsequent sale of any shares of Common Stock acquired pursuant to the RSUs and the receipt of any dividends or dividend equivalents; and (ii) do not commit to structure the terms of the grant or any aspect of the RSUs to reduce or eliminate your liability for Tax-Related Items.
(b)    Prior to the delivery of shares of Common Stock upon vesting of your RSU, if your country of residence (and/or your country of employment, if different) requires withholding of Tax-Related Items, the Company shall withhold a sufficient number of whole shares of Common Stock otherwise issuable upon vesting of the RSUs that have an aggregate Fair Market Value sufficient to pay the Tax-Related Items required to be withheld.  In cases where the Fair Market Value of the number of whole shares of Common Stock withheld is greater than the Tax-Related Items required to be withheld, the Company shall make a cash payment to you equal to the difference as soon as administratively practicable.  The cash equivalent of the shares of Common Stock withheld will be used to settle the obligation to withhold the Tax-Related Items.  Alternatively, the Company or your Employer may withhold the Tax-Related Items required to be withheld with respect to the shares of Common Stock in cash from your regular salary/wages, or from any other amounts payable to you.  In the event the withholding requirements are not satisfied through the withholding of shares of Common Stock by the Company or through the withholding of cash from your regular salary/wages or any other amounts payable to you, no shares of Common Stock will be issued to you (or your estate) upon vesting of the RSUs unless and until satisfactory arrangements (as determined by the Board of Directors) have been made by you with respect to the payment of any Tax-Related Items which the Company and your Employer determine, in their sole discretion, must be withheld or collected with respect to such RSUs. If you are subject to Tax-Related Items in more than one jurisdiction, you acknowledge that the Company or your Employer may be required to withhold or account for Tax-Related Items in more than one jurisdiction. By accepting the RSUs, you expressly consent to the withholding of shares of Common Stock and/or the withholding of cash from your regular salary/wages or other amounts payable to you as provided for hereunder.  All other Tax-Related Items related to the RSUs and any shares of Common Stock delivered in payment thereof are your sole responsibility.
(c)    The RSUs are intended to be exempt from the requirements of Code Section 409A (or any successor provision which may be enacted). The Plan and the Award Notice shall be administered and interpreted in a manner consistent with this intent.  If the Company determines that this Award Notice is subject to Code Section 409A (or any successor provision which may be enacted) and that it has failed to comply with the requirements of that Section, the Company may, at the Company’s sole discretion, and without your consent, amend this Award Notice to cause it to comply with Code Section 409A or be exempt from Code Section 409A (or any successor provision which may be enacted).

9.Change in Ownership; Change in Control.  Article 14 of the Plan contains certain special provisions that will apply to this Award in the event of a Change in Ownership or Change in Control.  

10.Adjustment of Shares of Common Stock.  If the number of outstanding shares of Common Stock changes through the declaration of stock dividends or stock splits prior to the Vesting Date, the units of Common Stock subject to this Award automatically will be adjusted, according to the provisions of Article 15 of the Plan.  In the event of any other change in the capital structure of the shares of Common Stock or other corporate events or transactions involving the Company, the Committee is authorized to make appropriate adjustments to this Award. 

11.Restrictions on Issuance of shares of Common Stock.  If at any time the Company determines that listing, registration or qualification of the shares of Common Stock subject to this Award upon any securities exchange or under any state or federal law, or the approval of any governmental agency, is necessary or advisable as a condition to the award or issuance of certificate(s) for the shares of Common Stock subject to this Award, such award or issuance may not be made in whole or in part unless and until such listing, registration, qualification or approval shall have been effected or obtained free of any conditions not acceptable to the Company.  

12.Noncompetition; Confidentiality.  You will not, without the written consent of the Company, either during your employment with your Employer, the Company or any of its Subsidiaries or thereafter, disclose to anyone or make use of any confidential information which you have acquired during your employment relating to any of the business of your Employer, the Company or any of its Subsidiaries, except as such disclosure or use may be required in connection with your work as an employee of the Company.  During your employment with your Employer, the Company, or any of its Subsidiaries, and for a period of two (2) years after the termination of such employment, you will not, either as principal, agent, consultant, employee or otherwise, engage in any work or other activity in competition with the Company in the field or fields in which you have worked for your Employer, the Company or any of its Subsidiaries.  The provisions in this Section 12 apply separately in the United States and in other countries but only to the extent that its application shall be reasonably necessary for the protection of your Employer, the Company or any of its Subsidiaries.  You will forfeit all rights under this Award Notice to or related to the RSUs if, in the determination of the executive officer responsible for Human Resources, you have violated any of the provisions of this Section 12, and in that event any payment or other action with respect to the RSUs shall be made or taken, if at all, in the sole discretion of the executive officer responsible for Human Resources. 
  
13.Reimbursement of Certain Compensation Following Restatement.  The Award (including any shares of Common Stock and any cash received upon payout of the Award and any amount received for the sale of such shares) is subject to the provisions of the Plan and any applicable law (including the Sarbanes-Oxley Act of 2002, the Dodd-Frank Act, and implementing rules and regulations of the Securities and Exchange Commission (the “SEC”) and the New York Stock Exchange (the “NYSE”)) or Company policy (including the Executive Incentive Pay Clawback Policy as adopted by the Committee on February 3, 2015 and as may be amended from time to time consistent with and to conform to SEC and NYSE rules and regulations) requiring reimbursement to the Company of certain incentive-based compensation following an accounting restatement due to material non-compliance by the Company with any financial reporting requirement or due to other events or conditions. For purposes of the foregoing, you expressly and explicitly authorize the Company to issue instructions, on your behalf, to any brokerage firm and/or third party administrator engaged by the Company to hold your shares of Common Stock and other amounts acquired under the Plan to re-convey, transfer, or otherwise return such shares of Common Stock and/or other amounts to the Company.

14.Repatriation and Legal/Tax Compliance Requirements.  If you are a resident of or employed in a country other than the United States, you agree, as a condition of the grant of the RSUs, to repatriate all payments attributable to the shares of Common Stock and/or cash acquired under the Plan (including, but not limited to, dividends and any proceeds derived from the sale of the shares of Common Stock acquired pursuant to the RSUs) in accordance with local foreign exchange rules and regulations in your country of residence (and country of employment, if different).  In addition, you agree to take any and all actions, and consent to any and all actions taken by your Employer, the Company or any of its Subsidiaries as may be required to allow your Employer, the Company or any of its Subsidiaries to comply with local laws, rules and regulations in your country of residence (and country of employment, if different).  Finally, you agree to take any and all actions that may be required to comply with your personal legal and tax obligations under local laws, rules and regulations in your country of residence (and country of employment, if different).

If you are resident or employed in a country that is a member of the European Union, the grant of the RSUs and this Award Notice is intended to comply with the age discrimination provisions of the EU Equal Treatment Framework Directive, as implemented into local law (the “Age Discrimination Rules”).  To the extent that a court or tribunal of competent jurisdiction determines that any provision of this Award Notice is invalid or unenforceable, in whole or in part, under the Age Discrimination Rules, the Company, in its sole discretion, shall have the power and authority to revise or strike such provision to the minimum extent necessary to make it valid and enforceable to the full extent permitted under local law.

15.No Guarantee of Employment.  The grant of the RSUs shall not create any employment relationship with the Company or any of its Subsidiaries.  Further, the grant of the RSUs shall not confer upon you any right of continued employment with your Employer nor limit in any way the right of your Employer to terminate your employment at any time.  

16.Discretionary Nature of Grant; No Vested Rights.  You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time.  The grant of the RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of RSUs or benefits in lieu of RSUs in the future.  Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of any grant, the number of shares of Common Stock subject to the grant, and the vesting provisions.  Any amendment, modification or termination of the Plan shall not constitute a change or impairment of the terms and conditions of your employment with your Employer.

17.Currency Fluctuation. Neither the Company nor any Affiliate shall be liable for any foreign exchange rate fluctuation between the local currency of your country of residence and the U.S. dollar that may affect the value of the RSUs or of any amounts due to you pursuant to the settlement of the RSUs or the subsequent sale of any shares of Common Stock acquired upon settlement of the RSUs.

18.Termination Indemnities.  Your participation in the Plan is voluntary.  The value of the RSUs and any other awards granted under the Plan is an extraordinary item of compensation outside the scope of your employment (and your employment contract, if any).  Any grant under the Plan, including the grant of the RSUs, is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension, or retirement benefits or similar payments.

19.Consent to Collection, Processing and Transfer of Personal Data.  Pursuant to applicable personal data protection laws, the Company hereby notifies you of the following in relation to your personal data and the collection, use, processing and transfer of such data in relation to the Company’s grant of the RSUs and your participation in the Plan.  The collection, use, processing and transfer of your personal data is necessary for the Company’s administration of the Plan and your participation in the Plan.  Your denial and/or objection to the collection, use, processing and transfer of personal data may affect your participation in the Plan.  As such, you voluntarily acknowledge and consent (where required under applicable law) to the collection, use, processing and transfer of personal data as described herein.  

The Company and its Affiliates and Subsidiaries hold certain personal information about you, including your name, home address, email address and telephone number, date of birth, social security number, passport number or other employee identification number, salary, nationality, job title, any shares of Common Stock or directorships held in the Company or any Affiliate or Subsidiary, details of all equity awards or any other entitlement to shares of Common Stock awarded, canceled, purchased, vested, unvested or outstanding in your favor, for the purpose of managing and administering the Plan (the “Data”).  The Data may be provided by you or collected, where lawful, from third parties, and the Company and its Affiliates and Subsidiaries will process the Data for the exclusive purpose of implementing, administering and managing your participation in the Plan. The Data processing will take place through electronic and non-electronic means according to logics and procedures strictly correlated to the purposes for which the Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations in your country of residence.  Data processing operations will be performed minimizing the use of personal and identification data when such operations are unnecessary for the processing purposes sought. The Data will be accessible within the organization of the Company and its Affiliates and Subsidiaries only by those persons requiring access for purposes of the implementation, administration and operation of the Plan and for your participation in the Plan.
The Company and its Affiliates and Subsidiaries will transfer the Data as necessary for the purpose of implementation, administration and management of your participation in the Plan, and the Company and its Affiliates and Subsidiaries may further transfer the Data to any third parties assisting the Company and its Affiliates and Subsidiaries in the implementation, administration and management of the Plan.  These recipients may be located in the European Economic Area, or elsewhere throughout the world, such as the United States.  You hereby authorize (where required under applicable law) them to receive, possess, use, retain and transfer the Data, in electronic or other form, for purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of Common Stock on your behalf to a broker or other third party with whom you may elect to deposit any shares of Common Stock acquired pursuant to the Plan.  

You may, at any time, exercise your rights provided under applicable personal data protection laws, which may include the right to (a) obtain confirmation as to the existence of the Data, (b) verify the content, origin and accuracy of the Data, (c) request the integration, update, amendment, deletion, or blockage (for breach of applicable laws) of the Data, and (d) to oppose, for legal reasons, the collection, processing or transfer of the Data which is not necessary or required for the implementation, administration and/or operation of the Plan and your participation in the Plan.  You may seek to exercise these rights by contacting your local HR manager or the Company’s Human Resources Department.
Finally, upon request of the Company of your Employer, you agree to provide an executed data privacy consent form to the Company and/or the Employer (or any other agreements or consents that may be required by the Company and/or the Employer) that the Company and/or the Employer may deem necessary to obtain from you for the purpose of administering your participation in the Plan in compliance with the data privacy laws in your country of employment (and country of residence, if different), either now or in the future.  You understand and agree that you will not be able to participate in the Plan if you fail to provide any such consent or agreement requested by the Company and/or the Employer.

20.Private Placement.  If you are a resident and/or employed outside of the United States, the grant of the RSUs are not intended to be a public offering of securities in your country of residence (and country of employment, if different).  The Company has not submitted any registration statement, prospectus or other filing with the local securities authorities (unless otherwise required under local law), and the RSUs are not subject to the supervision of the local securities authorities. 

21.Insider Trading/Market Abuse Laws.  By participating in the Plan, you agree to comply with the Company’s policy on insider trading (to the extent that it is applicable to you).  You further acknowledge that, depending on your or your broker’s country of residence or where the shares of Common Stock are listed, you may be subject to insider trading restrictions and/or market abuse laws which may affect your ability to accept, acquire, sell or otherwise dispose of the shares of Common Stock, rights to shares of Common Stock (e.g., RSUs) or rights linked to the value of shares of Common Stock, during such times you are considered to have “inside information” regarding the Company (as defined by the laws or regulations in your country of employment (and country of residence, if different). Local insider trading laws and regulations may prohibit the cancellation or amendment of orders you place before you possess inside information.  Furthermore, you could be prohibited from (i) disclosing the inside information to any third party (other than on a “need to know” basis) and (ii) “tipping” third parties or causing them otherwise to buy or sell securities.  You understand that third parties include fellow employees. Any restriction under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy.  You acknowledge that it is your responsibility to comply with any applicable restriction and that you should therefore consult your personal advisor on this matter. 

22.Electronic Delivery.  The Company, in its sole discretion, may decide to deliver any documents related to the RSUs to you under the Plan by electronic means.  You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.

23.English Language.  If you are resident outside of the United States, you acknowledge and agree that it is your express intent that this Award Notice, the Plan and all other documents, notices and legal proceedings entered into, given or instituted pursuant to the RSUs, be drawn up in English.  If you have received this Award Notice, the Plan or any other documents related to the RSUs translated into a language other than English, and if the meaning of the translated version is different from the English version, the meaning of the English version shall control.

24.Addendum.  Notwithstanding any provisions of this Award Notice to the contrary, the RSUs shall be subject to any special terms and conditions for your country of residence (and country of employment, if different), as set forth in the applicable Addendum to this Award Notice.  Further, if you transfer residence and/or employment to another country reflected in an Addendum to this Award Notice, the special terms and conditions for such country will apply to you to the extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local law, rules and regulations or to facilitate the operation and administration of the RSUs and the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate your transfer).  Any applicable Addendum shall constitute part of this Award Notice.

25.Additional Requirements.  The Company reserves the right to impose other requirements on the RSUs, any payment made pursuant to the RSUs, and your participation in the Plan, to the extent the Company determines, in its sole discretion, that such other requirements are necessary or advisable in order to comply with local law, rules and regulations or to facilitate the operation and administration of the RSUs and the Plan.  Such requirements may include (but are not limited to) requiring you to sign any agreements or undertakings that may be necessary to accomplish the foregoing.

26.Governing Law.  This Award Notice shall be construed, administered and governed in all respects under and by the applicable laws of the State of Delaware, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation to the substantive law of another jurisdiction.

27.Venue.  In accepting the RSUs grant, you are deemed to submit to the exclusive jurisdiction and venue of the federal or state courts of the State of Tennessee of the United States of America to resolve any and all issues that may arise out of or relate to the RSUs and this Award Notice.

28.Binding Effect.  This Award Notice shall be binding upon the Company and you and its and your respective heirs, executors, administrators and successors.

29.Conflict.  To the extent the terms of this Award Notice are inconsistent with the Plan, the provisions of the Plan shall control and supersede any inconsistent provision of this Award Notice.

30.Non-Negotiable Terms.  The terms of this Award Notice are not negotiable, but you may refuse to accept the RSUs by notifying the Company’s executive officer responsible for Human Resources in writing; any such refusal of acceptance will immediately cancel and forfeit the award.

[Remainder of page intentionally left blank]Exhibit

Exhibit 10.35

MASTER RECEIVABLES PURCHASE Acceptance Letter 

THIS MASTER RECEIVABLES PURCHASE ACCEPTANCE LETTER, dated _November 3rd, 2017 (this “Acceptance Letter”), is made between (1) the supplier, whose details are set out in the table below (the “Supplier”) (2) the Investor (as defined in the enclosed Master Receivables Purchase Terms), and (3) J.P. Morgan Europe Limited, in its capacity as agent for the Investor (the “Investor Agent”).
 
The parties agree as follows Instructions: 
* Please review the pre-populated information in Section 1 (a-i) and revise if necessary. 
* In Section 1(j), please indicate whether you qualify as a Small Business by selecting the appropriate Answer. 
* In Section 2, select whether you elect manual or auto-discount for the Buyer program. 
* Please have an Authorized Officer(s) execute Two Originals.  : 

By executing this Acceptance Letter the parties agree to be bound by the enclosed Master Receivables Purchase Terms (V1.3_03_28_17-Taminco US (Eastman Chemical)) (hereinafter, the “Agreement”), which outline the general terms and conditions for the receivables purchase program. Such Master Receivables Purchase Terms shall form part and apply in respect of this Acceptance Letter, and shall be collectively referred to as the Receivables Purchase Agreement.

		
	1.
	Supplier Information.  On each Purchase Date, the following information is true and correct with respect to the Supplier:

	
		
	Supplier’s Legal Name: 
	Taminco Finland Oy

	Jurisdiction of Organization:
	Finland

	Type of Entity:
	Limited Liability Company

	Trade Name(s) (if any):
	None

	Tax Identification Number:
	Business ID:  2589198-9

	Organizational Number, if any:
	333

	Prior Name(s) or Place(s) of Business During Past Five Years (if any):
	N/A

	Chief Executive Office Address:
	P.O. Box 1001, Fl-90601 Oulu, Finland
Attention:  N/A
Telecopy No.:  N/A
Email:  N/A

	Address For Notices [if different]:
	c/o Eastman Chemical Company, 200 South Wilcox, Kingsport TN 37662 
Attention:  Treasury Department
Telecopy No.:  N/A
Email:  N/A

	Where applicable, qualified as Small Business under Small Business Administration criteria?

[https://www.sba.gov/sites/default/files/files/Size_Standards_Table.pdf]
	Select Answer:

Yes:     

No: X

		
	2.
	Discount Election.  

Supplier hereby agrees to the pricing terms provided below and elects the following discount election for the Designated Receivables due and payable by the Buyer as defined herein - Choose (A) OR (B):
(A) MANUAL OFFER:     X

(B) AUTOMATIC OFFER:          

		
	3.
	Buyer Information.

As used herein, the term “Buyer” means The Procter & Gamble Company, an Ohio corporation and/or its subsidiaries or affiliates; provided, for the avoidance of doubt, any reference herein or in any other Facility Document to a “Buyer” shall include a reference to any subsidiary, assign, transferee, successor in title, delegate, sub-delegate or affiliate of the Buyer that is the payor under the Receivable with respect to which such reference is made unless the context expressly indicates otherwise. 

		
	4.
	Pricing Terms.

Pricing Terms.  As used therein, the following terms shall have the meaning ascribed hereto; provided, the Investor Agent may change any term of this Section at any time, without the consent of the Supplier, upon thirty (30) Business Days’ prior written notice to the Supplier.
“Applicable Index Rate” means: 
		
	(i)
	the Screen Rate (as determined in accordance with the Screen Rates Schedule) on the Quotation Day for the currency of the Designated Receivable; or 

		
	(ii)
	if no Screen Rate is available in respect of the Specified Period on the Quotation Day, the rate per annum as determined by the Investor Agent (which determination shall be conclusive and binding, absent manifest error) to be equal to the rate which results from interpolating on a linear basis between: 

		
	(a)
	the applicable Screen Rate for the longest period (for which that Screen Rate is available for the currency of the Designated Receivable) which is less than the Specified Period; and 

		
	(b)
	the applicable Screen Rate for the shortest period (for which that Screen Rate is available for the currency of the Designated Receivable) which exceeds the Specified Period, 

each on the Quotation Day for the currency of the Designated Receivable; provided that if any such rate is below zero (0), it will be deemed to be zero (0).

“Applicable Margin” means 0.65%, per annum.

“Applicable Rate” means, for any Designated Receivable, the annual rate equal to the sum of (i) the Applicable Index Rate, plus (ii) the Applicable Margin.

“Discount Percentage” means 100%.

“Discount Start Date” means, for any Designated Receivable, the date on which an Offer in respect of such Designated Receivable shall be accepted by the Investor by the sending of a Remittance Notice by or on behalf of the Investor.

“Face Amount” means, for any Designated Receivable, the face amount of such Designated Receivable as specified in the applicable Proposal and/or Remittance Notice, as the case may be. The aggregate Face Amount of Designated Receivables specified therein shall be net of adjustments, if any.

“Maturity Date” means, for any Designated Receivable, the maturity date specified in the Proposal and/or Remittance Notice, as the case may be, applicable to such Designated Receivable; provided, if such maturity date is not a Business Day, the Maturity Date shall be the next succeeding Business Day.

“Maximum Tenor” means, for any Designated Receivable, a remaining tenor to maturity not to exceed 120 days.

“Processing Fees” means $0.
 
“Purchase Date” means, for any Designated Receivable, date of receipt by the Supplier of the Purchase Price paid by the Investor; provided that for purposes of determining the Purchase Price, the Purchase Date as specified in the applicable Proposal and/or Remittance Notice shall mean the Discount Start Date.

“Purchase Price” means, for any Designated Receivable, an amount equal to the following:
A - ((A x B x (C / D)) + E), where:
	
			
	A
	=
	Face Amount times the Discount Percentage

	B
	=
	Applicable Rate

	C
	=
	Specified Period (including the Discount Start Date, but not including the Maturity Date)

	D
	=
	360, or if the Purchase Price is denominated in Sterling or Canadian dollars, 365

	E
	=
	Processing Fees payable by the Supplier in respect of such Designated Receivable, if any

“Quotation Day” means as applicable, either the first Business Day of the Specified Period; or one Business Day before the first Business Day of the Specified Period; or if no Screen Rate is available on such Business Day at the relevant time (as set out in the Screen Rates Schedule), the date of the most recently published Screen Rate.

“Screen Rate” means the screen rate for the relevant currency as determined in accordance with the Screen Rates Schedule.

“Screen Rates Schedule” means the screen rates schedule set out in Schedule 1 hereto. 

“Specified Period” means the period equal in length to the period from the Discount Start Date to the Maturity Date of such Designated Receivable.

		
	5.
	Amendments and Additional Terms.

The following provisions of the Agreement shall be amended or added, being applicable solely with respect to the Supplier listed in Section 1(a):
		
	5.1.
	The first sentence of Section 2.4 of the Agreement is deleted in its entirety and replaced with the following: 

“In consideration of the payment of the Purchase Price with respect to each Designated Receivable subject to an Offer, upon receipt of the Purchase Price by the Supplier, the Supplier has assigned to the Investor, and the Investor has accepted such assignment from the Supplier on the Purchase Date therefor, all of the Supplier’s right, title and interest in and to such Designated Receivables, in each case, subject to the terms and conditions hereof.”

		
	5.2.
	Section 3(b) of the Agreement is supplemented by adding “where applicable,” at the beginning of the paragraph.

		
	5.3.
	Section 4(a)(ii) of the Agreement is deleted in its entirety and replaced with “[RESERVED]”.

		
	5.4.
	Section 4(a)(viii) of the Agreement is supplemented by adding the following words at the end of the paragraph: 

“or (D) which to the Supplier’s actual knowledge, is subject to any withholding taxes.”

		
	5.5.
	Section 4(b) of the Agreement is deleted in its entirety and replaced with the following:

“Good Title. The Supplier has good and marketable legal and beneficial title to such Designated Receivable, and upon the receipt of the Purchase Price for such Designated Receivable by the Supplier, the Supplier will assign, and the Investor will acquire, such Designated Receivable free and clear of any lien, encumbrance or adverse claim, except as created by the Facility Documents.”

		
	5.6.
	Section 4(h) of the Agreement is supplemented by adding the following words at the end of the paragraph: 

“and in each case, would not with the passage of time or the giving of notice or other conditions, constitute an event of default (howsoever described) under any of the foregoing.”

		
	5.7.
	Section 4(k) of the Agreement is amended by deleting the following words:

“and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law)”.

		
	5.8.
	Section 4 of the Agreement is supplemented by adding the following new sub-section after sub-section (m):

“(n)    Late Payment Directive. In respect of each Receivable, the period of time between the issuance of the related Invoice and the due date specified in that invoice: (a) has been specifically agreed between the Supplier and the Buyer; and (b) and to the extent such period exceeds 60 days: (i) is not a deviation from good commercial practice and has been agreed in good faith and in the course of fair dealing (taking into account the nature of goods and services to which such Invoice relates); and (ii) there is a legitimate and objective reason for such period to exceed 60 days.”

		
	5.9.
	The second and third sentences of Section 5.1 of the Agreement are deleted in their entirety.

		
	5.10.
	The first sentence of Section 6.1(a) of the Agreement is supplemented by adding the words “legal and beneficial” between the words “full” and “title”.

		
	5.11.
	Sub-section (ii) of Section 6.1(d) of the Agreement is supplemented by adding the words “or the Buyer” at the end of such sub-section.

		
	5.12.
	Sub-section (iii) of Section 6.1(d) of the Agreement is supplemented by adding the words “Contract and/or any other” between the words “any” and “material”.

		
	5.13.
	Section 6.1 of the Agreement is supplemented by adding the following new sub-sections after sub-section (g):

“(h)    duly perform all of its obligations under each Contract in respect of each Designated Receivable and each Purchased Receivable;

(i)        refrain from any action which might in any way prejudice or limit the Investor’s rights under or in respect of any Purchased Receivable; and

(j)        comply with all relevant laws and regulations applicable to each Contract, this Agreement, the Designated Receivables and the transactions contemplated by this Agreement including any export control laws and tax information reporting requirements, if any.”

		
	5.14.
	Section 6.2(a) of the Agreement is supplemented by adding the words “or terminate” between the words “to” and “any Contract”.

		
	5.15.
	Section 6.2(b) of the Agreement is supplemented by adding the words “or security interest” between the words “claim” and “upon”.

		
	5.16.
	The first sentence of Section 8 of the Agreement is amended by replacing the words “eastern time” with the words “London time”.

		
	5.17.
	Section 8 of the Agreement is re-numbered as sub-section 8.1 and is supplemented by adding the following new sub-sections:

“8.2 All sums payable, or deemed payable, by the Supplier pursuant to this Agreement shall be deemed to be stated as exclusive of any VAT which is chargeable in relation to such sums. If VAT is chargeable on any supply made by the Investor or the Investor Agent under this Agreement, such VAT shall be payable by the Supplier.

8.3 If a Tax Deduction (other than a FATCA Deduction) is required by law to be made by the Supplier:

(a)    the amount of the payment due from that Supplier shall be increased to an amount which (after making any Tax Deduction) will mean the Investor or the Investor Agent (as applicable) receives and is entitled to retain an amount equal to the payment which would have been due if no Tax Deduction had been required;

(b)    the Supplier shall make that Tax Deduction and any payment required in connection with that Tax Deduction to the relevant taxation or other authority within the time allowed for such payment under applicable law and shall deliver to the Investor Agent, within 30 days after it has made such payment to the applicable authority, a certified copy of the original receipt issued by such authority evidencing the payment to such authority of all amounts required to be deducted or withheld;

(c)    for the avoidance of doubt, any Tax Deduction required by law in respect of a deemed payment (for example, when the Discount is treated as a payment from the Supplier to the Investor) will not change the Purchase Price and the Supplier shall pay the full amount of the Tax Deduction required to be paid (and any payment required in connection with that Tax Deduction) in respect of the deemed payment to the relevant taxation or other authority in accordance with paragraph (b) above with no recourse to the Investor or Investor Agent in relation to that Tax Deduction and any payment required in connection with that Tax Deduction imposed on the deemed payment).

8.4 The Supplier shall pay and, within three Business Days of a demand, indemnity the Investor and Investor Agent for any cost, loss or liability that the Investor or the Investor Agent incurs in relation to all stamp duty, registration or other similar Taxes payable in respect of:

(a)    the Facility Documents;

(b)    any documents executed under or in connection with the Facility Documents; and

(c)    any transaction evidenced or contemplated by Facility Documents.

8.5 The Supplier, Investor and Investor Agent may make any FATCA Deduction they are required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party shall be required to increase any payment in respect of which they make such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction.

8.6 The Supplier, Investor and Investor Agent shall, at the time or times prescribed by law or reasonably requested by any other party, supply to that other party such forms, documentation and other information relating to their status under FATCA or any other law, regulation, or exchange of information regime as that other party reasonably requests for the purposes of that other party's compliance with FATCA or any other law, regulation, or exchange of information regime.

8.7 The Supplier will also pay to the Investor or the Investor Agent, within thirty (30) days from the date of demand, an amount equal to the loss, liability or cost which the Investor or the Investor Agent (as applicable) determines will be or has been (directly or indirectly) suffered for or on account of Tax pursuant to or in connection with any Facility Document.

8.8 Section 8.7 above shall not apply.

(a)    with respect to any Taxes assessed on the Investor or Investor Agent:

(i)    under the law of any jurisdiction in which it is incorporated or, if different, the jurisdiction (or jurisdictions) in which it is treated as resident for tax purposes; or

(ii)    under the law of the jurisdiction in which its facility office is located in respect of amounts received or receivable in that jurisdiction,
if these Taxes are imposed on or calculated by reference to the net income received or receivable (but not any sum deemed to be received or receivable) by the Investor or Investor Agent; or

		
	(b)
	to the extent a loss, liability or cost relates to a FATCA Deduction required to be made by a Party.”

		
	5.18.
	The first sentence of Section 9.1 of the Agreement is amended by replacing the word “Person” with the words “JPMorgan Entity”.

		
	5.19.
	Section 9.2 of the Agreement is deleted in its entirety and replaced with the following: 

“The Supplier hereby irrevocably appoints the Investor Agent (with power to delegate) as the Supplier’s attorney, to take such actions, and execute and deliver such instruments and documents in the Supplier’s name (including, without limitation, execute and deliver to the Buyer, on behalf of the Supplier, notices of assignment in respect of any Purchased Receivables), as the Investor Agent deems proper in order to make collection of and otherwise realise the benefits of any Purchased Receivable. The Investor Agent shall have the right to notify the Buyer at any time of assignment to the Investor of any Purchased Receivable; bring suit, in the Investor’s or the Supplier’s name, and generally have all other rights of an owner and holder respecting any Purchased Receivable. The giving of any such notice shall not in any way release the Supplier from any of its obligations under this Agreement or any Contract. The Investor Agent may endorse or sign the Investor’s or the Supplier’s name on any checks or other instruments with respect to Purchased Receivable or the goods covered thereby. The Supplier agrees, immediately on the Investor Agent’s request, to ratify and confirm all acts, deeds, instruments and things signed, executed, sealed, delivered or done under the appointment in this Section.”

		
	5.20.
	Section 9.6 of the Agreement is deleted in its entirety and replaced with the following:

“The provisions of this Agreement shall inure to the benefit of and be binding upon any successor to, or permitted assignee of, any of the parties hereto. The Supplier may not assign any of its rights or obligations hereunder without the prior written consent of the Investor and the Investor Agent. The Investor may assign, transfer or sell participations in any or all of its rights or obligations hereunder without notice to, or the consent of, the Supplier. The Investor Agent may assign or transfer any or all of its rights or obligations hereunder without the consent of, but with notice thereof to, the Supplier.” 
		
	5.21.
	Sections 9.8, 9.9 and 9.10 of the Agreement are deleted in their entirety and replaced with the following:

“9.8 The Parties do not intend that any term of this Agreement shall be enforceable solely by virtue of the Contracts (Rights of Third Parties) Act 1999 by any person who is not a party to this Agreement except that the provisions of this Agreement shall be enforceable by the Investor as if it were a Party to this Agreement. The Parties may rescind, vary, waive, release, assign, novate or otherwise dispose of all or any of their respective rights or obligations under this Agreement without the consent of any person who is not a Party to this Agreement. 

9.9 This Agreement, the Acceptance Letter and any non-contractual obligations arising from or connected with them, shall be governed by and construed in accordance with the laws of England.

9.10 The Parties irrevocably agree, for the benefit of the Investor and the Investor Agent that the English courts shall have exclusive jurisdiction to settle any dispute arising out of or in connection with this Agreement and the Acceptance Letter. Nothing in this Section 9.10 shall limit the right of the Investor or the Investor Agent in respect of any such dispute, to take proceedings against the Supplier in any other court of competent jurisdiction.”

		
	5.22.
	Section 9.13 of the Agreement is deleted in its entirety and replaced with the following:

“If at any time, the Supplier decides to change its registered office to a jurisdiction which is not located in an Applicable Jurisdiction, the Supplier agrees to promptly notify the Investor Agent of the same and without prejudice to any other mode of service allowed under any relevant law, the Supplier (A) irrevocably agrees, within five (5) days of such change of registered office, to appoint a process agent for service of process in relation to any proceedings before the English courts in connection with any Facility Document and (B) agrees that failure by a process agent to notify the Supplier of the process will not invalidate the proceedings concerned. If the Supplier fails to appoint such agent within five (5) days of such change of registered office, the Investor Agent may appoint a process agent for the Supplier.”

		
	5.23.
	Appendix A of the Agreement is supplemented by adding the following definitions in alphabetical order:

““Applicable Jurisdiction” means all European Union member states (from time to time), Iceland, Norway and Switzerland.

“Discount” means the difference between the Face Amount and the Purchase Price.

“FATCA” means: (a) sections 1471 to 1474 of the US Internal Revenue Code of 1986 or any associated regulations; (b) any treaty, law, or regulation enacted in any other jurisdiction, or relating to an intergovernmental agreement between the US and any other jurisdiction, which (in either case) facilitates the implementation of any law or regulation referred to in paragraph (a) above; or (c) any agreement pursuant to the implementation of any treaty, law or regulation referred to in paragraphs (a) or (b) above with the US Internal Revenue Service, the US government or any governmental or taxation authority in any other jurisdiction.

“FATCA Deduction” means a deduction or withholding from a payment under a Facility Document required by FATCA.

“JPMorgan Entity” means JPMorgan Chase Bank, N.A. or any of its Affiliates (including, but not limited to, J.P. Morgan Europe Limited).

“TARGET2” means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007.

“TARGET Day” means any day on which TARGET2 is open for the settlement of payments in Euro. 

“Tax” means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable for any failure to pay or any delay in paying any of the same).

“Tax Deduction” means a deduction or withholding for or on account of Tax from a payment, or deemed payment (for example when the Discount is treated as a payment from the Supplier to the Investor), pursuant to or in connection with any Programme Document. 

“US” means the United States of America.

“VAT” means value added tax and any similar or equivalent tax imposed in any jurisdiction.”
  
		
	5.24.
	The following definitions in Appendix A of the Agreement are deleted in their entirety and replaced with the following:

““Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in London are authorised or required by law to remain closed; and, when used in connection with determining the Applicable Index Rate: (i) where the applicable Currency is not Euro, any other day banks on which are not open for dealings in deposits in the main financial centre for the applicable Currency; and (ii) where the Currency is Euro, any other day that is not a TARGET Day. 

“Facility Document” means each of this Agreement, each Proposal, each Offer, each Remittance Notice, each notice or each acknowledgement given or to be given in connection with this Deed and all other documents, instruments or agreements executed and delivered by the Supplier to, or for the benefit of, the Investor in connection herewith.”

		
	5.25.
	The definition of “PATRIOT Act” in Appendix A of the Agreement is deleted in its entirety.

Schedule 1 | SCREEN RATES SCHEDULE

	
		
	If the currency of the Designated Receivable is in United States Dollars:
	“Screen Rate” means the London interbank offered rate as administered by the ICE Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant currency and for the Specified Period as displayed at 11:00am (London time) on pages LIBOR01 or LIBOR02 of the Reuters screen (or on any successor or substitute page on such screen, or on the appropriate page of such other information service which publishes that rate from time to time in place of Reuters). If any such rate is below zero (0), it will be deemed to be zero (0).

	If the currency of the Designated Receivable is in British Pounds Sterling:
	“Screen Rate” means the London interbank offered rate as administered by the ICE Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant currency and for the Specified Period as displayed at 11:00am (London time) on pages LIBOR01 or LIBOR02 of the Reuters screen (or on any successor or substitute page on such screen, or on the appropriate page of such other information service which publishes that rate from time to time in place of Reuters). If any such rate is below zero (0), it will be deemed to be zero (0).

	If the currency of the Designated Receivable is in Euro (and determined by reference to EURIBOR):
	“Screen Rate” means the interbank offered rate as administered by the European Money Markets Institute (EMMI) (or any other person which takes over the administration of that rate) for the relevant currency and for the Specified Period as displayed at 11:00am (Brussels time) on page EURIBOR01 of the Reuters screen (or on any successor or substitute page on such screen, or on the appropriate page of such other information service which publishes that rate from time to time in place of Reuters). If any such rate is below zero (0), it will be deemed to be zero (0).

	If the currency of the Designated Receivable is in Canadian Dollars:
	“Screen Rate” means, as the case may be, either (i) the rate per annum equal to the average rate for Canadian Dollar bankers acceptances as administered by Thomson Reuters Benchmark Services Limited Ltd (or any other person which takes over administration of that rate) for Canadian Dollars and for the Specified Period as displayed at approximately 10:30am (Toronto time) on the immediately preceding Business Day on page CDOR of the Reuters Screen (or on any successor or substitute page on such screen, or on the appropriate page of such other information service which publishes that rate from time to time in place of Reuters); or (ii) the variable annual rate of interest established and announced from time to time by the Bank of Canada and which appears (A) on “www.bankofcanada.ca” under the heading “Target for the overnight rate” (or any replacement page published by the Bank of Canada which displays that rate) for Canadian Dollars and for the Specified Period at approximately 10:30am (Toronto time) on the immediately preceding Business Day or (B) on the appropriate page of such other information service which publishes that rate from time to time in place of the Bank of Canada (if such page or service ceases to be available, the Investor Agent may specify another page or service displaying the relevant rate). If any such rate is below zero (0), it will be deemed to be zero (0).

Executed and delivered on the date appearing at the beginning of this Acceptance Letter.

Executed as a deed and delivered by ______________________ as Supplier and signed by person(s) who under the laws of its jurisdiction of incorporation are acting under the authority of that company:

By:                                                           

Name:     H. Keith Jennings                      

Title:      VP & Treasurer                

By:                          

Name:                         

Title:                          

Executed as a deed and delivered by J.P. Morgan Europe Limited. as Investor Agent:

By:                          

Name:                         

Title:                          

	
	
	Executed as a deed and delivered by J.P. Morgan Europe Limited as agent for the Investor:

By:  

Name: 

Title:  

Address for Notices:

J.P. Morgan Europe Limited
25 Bank Street
Canary Wharf, London E14 5JP
United Kingdom
Attention: Trade Solutions Delivery
22nd Floor (Mail code : BS22-2201)
Email: scf.emea@jpmchase.com

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