Document:

odec-ex101_6.htm

 

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the "Agreement") is made as of the 1st day of June, 2016, by and among OLD DOMINION ELECTRIC COOPERATIVE, a utility aggregation cooperative organized under the laws of the Commonwealth of Virginia ("ODEC"), VIRGINIA, MARYLAND AND DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES, a non-stock corporation organized under the laws of the Commonwealth of Virginia (the "Association" and, prior to the Transition Date, together with ODEC, the "Employer"), and Jackson E. Reasor, Jr. (the "Executive").

In consideration of the mutual covenants contained herein, Employer and Executive agree as follows:

1.Employment. Employer agrees to continue to employ Executive, and Executive agrees to continue in the employ of Employer on the terms and conditions hereinafter set forth.

2.Capacity. Executive shall serve Employer as President and Chief Executive Officer of ODEC and the Association and may serve as an officer of other entities owned in whole or in part by the Employer, with such powers and duties as may be set forth in the bylaws or as otherwise prescribed from time to time by Employer, which duties shall include, without limitation, strategic and long range planning for, and oversight of the day-to-day operations of Employer. Executive's continued employment with Employer is conditioned upon performance and results as set forth herein.

3.Effective Date and Term. 

(a)The commencement date of this Agreement shall be as of June 1, 2016 (the "Commencement Date"). Subject to the provisions of Section 6, the term of Executive's employment hereunder shall be three (3) years from the Commencement date, and shall be automatically extended for an additional one (1) year period unless either the Executive or the Employer gives written notice 30 days prior to the Expiration Date of such party's election not to extend the terms of this Agreement (the "Term"). The last day of the Term is herein sometimes referred to as the "Expiration Date."

(b)Transition. VMDAEC and ODEC are currently considering a proposal of the VMDAEC to discontinue their practice of sharing a President and CEO (the “Transition”). “Transition Date” shall mean the date on which the last required action has been taken by both VMDAEC and ODEC to effectuate the proposed discontinuance. After the Transition Date, “Employer” shall mean only “ODEC,” “Board(s)” shall mean only ODEC’s Board, and VMDAEC shall have no further rights or obligations under this Agreement, other than such rights and obligations which arose on or prior to the Transition Date. After the Transition Date, Executive shall cooperate with the management and staff of VMDAEC to effect an orderly transition of responsibilities and duties, but shall have no other responsibility to or authority to act for VMDAEC hereunder. The Transition shall not otherwise affect Executive’s rights hereunder, including, without limitation, Compensation and Benefits set forth in Section 4 and Termination Benefits set forth in Section 6, except that ODEC shall have sole responsibility to Executive hereunder after the Transition Date.

4.Compensation and Benefits. The regular compensation and benefits payment to Executive under this Agreement shall be as follows:

(c)Compensation. For all services rendered by Executive under this Agreement Employer shall pay Executive compensation at the rate of $590,547 per year which amount is inclusive 

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of the payment referenced in Section 4(g). Executive's salary shall be payable bi-weekly in accordance with Employer's usual practice for its officers. Performance reviews shall be conducted every twelve months. Salary adjustments shall be considered at each twelve-month anniversary and shall be awarded at the discretion of the Board(s) of Directors of Employer. 

(d)Regular Benefits. Executive shall be entitled to participate in all benefit plans available to employees of Employer, such plans are more specifically outlined in the Employee Benefits Package (a copy of which has been provided to Executive), including medical insurance, basic life insurance, long-term disability, retirement and security plans, savings plans (401K), business travel accident insurance, exercise club privileges, and other benefit plans that may from time to time be approved or in effect for senior executives of Employer. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of Employer and (iii) the discretion of the Board(s) of Directors of Employer or the administrative or other committee provided for in or contemplated by such plan. Such benefits shall be subject to review, alteration and/or cancellation in the discretion of the Board(s) of Directors of Employer, in accordance with the usual practice of Employer with respect to review of benefits for its officers.

(c)Bonus Availability. Executive may be eligible for an annual bonus based on the criteria established by the Board(s) which shall be determined on an annual basis. Such bonus shall be at the discretion of the Board(s) of Directors.

(d)Business Expenses. Employer shall reimburse Executive for all reasonable travel and other business expenses incurred by him in the performance of his duties and responsibilities subject to such reasonable requirements with respect to substantiation and documentation as may be specified by Employer.

(e)Vacation and Sick Leave. Executive shall be entitled to five (5) weeks of vacation during each calendar year. Executive's sick leave accrual shall follow the standard sick leave policy.

(f)Automobile. Employer shall provide Executive, for his personal use, a company vehicle. "Personal use" excludes all non-business use by individuals other than Executive except in the case of an emergency. Such personal use of the vehicle shall be permitted in and around the greater Richmond area. Executive shall be responsible for paying the tax on income attributable to the provision of such vehicle.

(g)Deferred Compensation. Employer will provide for the payment of supplemental nonqualified deferred compensation at the discretion of the Board(s) of Directors in an amount within the statutory maximums permitted under Section 457 of the Internal Revenue Code. Benefits shall be payable upon retirement or other termination of employment, and they shall be fully funded and earmarked for payment using a Rabbi Trust.

5.Extent of Service. During his employment hereunder, Executive shall, subject to the discretion and supervision of the Board(s) of Directors of Employer, devote his full business time, best efforts and business judgment, skill and knowledge to the advancement of Employer's interest and to the discharge of his duties and responsibilities hereunder. He shall not engage in any other business activity, except as may be approved by the Board(s) of Directors of Employer. "Business activity" shall not include Executive's investment or ownership in publicly held corporations or entities whose securities are tracked on recognized national or regional stock exchanges; provided such investment or ownership is at all times during the term of this agreement less than 5% of the outstanding shares of said corporation or entity.

 

6.Termination and Termination Benefits. Notwithstanding the provisions of Section 3, Executive's employment hereunder shall terminate under the following circumstances and shall be subject to the following provisions:

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(a)Death. In the event of Executive's death during Executive's employment hereunder, Executive's employment shall terminate on the date of his death without further liability on the part of the Employer under this Agreement. 

(b)Termination by Employer for Cause. Executive's employment hereunder may be terminated without further liability on the part of Employer effective immediately by a majority vote of the Board(s) of Directors for cause by written notice to Executive setting forth in reasonable detail the nature of such Cause. Only the following shall constitute "Cause" for such termination:

(i)gross incompetence, insubordination, gross negligence, willful misconduct in office or breach of a material fiduciary duty, which includes a breach of confidentiality as defined in Section 8(b), owed to Employer or any subsidiary or affiliate thereof,

(ii)conviction of a felony, a crime or moral turpitude or commission of an act of embezzlement or fraud against Employer or any subsidiary or affiliate thereof;

(iii)Executive's material failure to perform a substantial portion of his duties and responsibilities hereunder; but only after Employer provides Executive written notice of such failure and gives him thirty (30) days to remedy the situation,

(iv)deliberate dishonesty of Executive with respect to Employer or any subsidiary or affiliate thereof; and

(v)a violation of one of Employer's written policies which is not cured, if curable, within thirty (30) days after written notice is delivered to Executive.

(c)Termination by Executive. Executive may terminate his employment hereunder with or without Good Reason (as defined below) by written notice to the Board(s) of Directors of Employer effective 60 days after receipt of such notice by the Board(s) of Directors. In the event that Executive terminates his employment hereunder for Good Reason. Executive shall be entitled to the salary specified in Section 6(e). Executive shall not be required to render any further services to Employer. Upon termination of employment by Executive without Good Reason, Executive shall be entitled to no further compensation under this Agreement. "Good Reason" shall be the failure by Employer to comply with the provisions of Section 4(a) or material breach by Employer of any other provision of this Agreement, which failure or breach shall continue for more than 30 days alter the date on which the Board(s) of Directors of Employer receive such notice.

(d)Termination by Employer Without Cause. Executive's employment with Employer may be terminated without Cause by a majority of each of the Board(s) of Directors of Employer, effective immediately upon delivery of written notice of such termination to Executive.

(e)Certain Termination Payments. In the event of termination of Executive's employment hereunder by Employer without Cause or by Executive with Good Reason, Executive shall be entitled to the following:

(i)During the first two years of the Term, Employer shall continue to pay Executive for one-year period immediately following the date of termination. at the rate in effect on the date of termination. During the third, and, if applicable, during the fourth year, the Employer shall continue to pay Executive only through the Term, as applicable. Payment of such salary shall be made on the same periodic date as salary payments would have been made to Executive had he not been terminated. Other than such salary. no other benefits will accrue or be paid during this period except that employer shall also pay the premiums for medical insurance to Executive for the applicable period on the same basis as if Executive were still employed, except that 

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Employer's obligation to pay the premiums for such medical insurance shall cease if Executive becomes eligible for such coverage by virtue of his employment with another company or entity. 

(ii)In the event that Executive becomes employed in any capacity during the applicable period immediately following the date of termination, Employer's obligation to pay Executive's salary pursuant to Section 6(e)(i) herein shall be reduced by the amount of Executive's compensation at his new employer.

(f) Compliance with Covenants: Release; Resignation. Any payments or benefits made or provided pursuant to Section 6(c) hereof are subject to the following:

(i) Executive's compliance with the provisions of Section 8 hereof; (ii) on behalf of the Executive and his estate, heirs and representatives, the execution by Executive of a release in form and substance reasonably satisfactory to the Employer and its legal counsel releasing the Employer, its member cooperatives, their affiliates and each of the Employer's and member cooperative's respective officers, directors, employees, agents, independent contractors, representatives, successors and assigns (all of which persons and entities shall be third party beneficiaries of such release with full power to enforce the provisions thereof) from any and all claims related to this Agreement (other than claims to enforce the provisions of Section 6, and claims for earned vested amounts under any employee benefit plan and other claims that cannot by law be waived); and (iii) Executive's delivery to the Employer of a resignation from all offices, directorships and fiduciary positions with the Employer and its affiliates.

(g)Litigation and Regulatory Cooperation. Executive shall cooperate fully with Employer in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of Employer that relate to events or occurrences that transpired while Executive was employed by Employer. Executive's full cooperation in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of Employer at mutually convenient times. Executive shall also cooperate fully with Employer in connection with any examination or review of any federal or state regulatory authority as any such examination or review relates to events or occurrences that transpired when Executive was employed by Employer. If such cooperation is required after Executive ceases to be employed by Employer. Employer shall pay Executive for such cooperation at a fee of seventy-five dollars ($75) per hour, payable monthly in arrears, and will reimburse Executive for any reasonable out-of-pocket expenses incurred in connection therewith.

7.Disability. If, due to physical or mental illness, Executive shall be disabled so as to be unable to perform substantially all of his duties and responsibilities hereunder, which disability lasts for more than an uninterrupted period of at least 180 days or a total of at least 240 days in any calendar year (as determined by the opinion of an independent physician selected by the Board(s) of Directors of the Employer), Employer, acting through its Board(s) of Directors, may designate another executive to act in his place without further liability under this Agreement except for those benefits offered Executive pursuant to any long-term disability plans of Employer.

8.Noncompetition and Confidential Information.

(a)Noncompetition. During a period of one year following the date of termination of Executive's employment with Employer occasioned by a failure to extend employment beyond the Expiration Date or termination by Employer for Cause pursuant to Section 6(b) hereof, or by Executive in the event that such termination is not for Good Reason. Executive will not directly or indirectly, whether as owner. Partner, shareholder, consultant, agent, employee, co-venturer, or otherwise, or through any Person (as defined in Section 10), compete by serving another electric utility which is a member of the PJM Interconnection in the same or similar capacity as he serves Employer under this Agreement; nor will he attempt to hire any employee of Employer, assist in such hiring by any other Person, or solicit or encourage any customer of Employer to terminate 

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its relationship with Employer or to conduct with any other Person any business or activity that such customer conducts or could conduct with Employer. 

(b)Confidential Information. Executive agrees and acknowledges that, by reason of his employment by and service to Employer, he will have access to confidential information of Employer (and its affiliates, vendors, customers, and others having business dealings with it) including, without limitation, information and knowledge pertaining to products, sales and profit figures, customer and client lists and information related to relationships between Employer and its affiliates, customers, vendors, and others having business dealings with it (collectively, the "Confidential Information"). Executive acknowledges that the Confidential Information is a valuable and unique asset of Employer (and its affiliates, vendors, customers, and others having business dealings with it) and covenants that, both during and after the term of his employment by Employer, he will not disclose any Confidential Information to any person or use any Confidential Information (except as his duties as an employee of Employer may require) without the prior written authorization of the Board(s) of Directors of Employer. Executive further agrees that all tiles, letters, memoranda, reports, records, data, sketches, drawings, program listings or other written, photographic, or other tangible materials containing Confidential Information, whether created by Executive or others, that shall come into his custody or possession, shall be delivered to Employer, upon the earlier of (i) a request by employer or (ii) termination of Executive's employment. After such delivery, Executive shall not retain any such records or copies thereof or any such tangible property. The obligation of confidentiality imposed by this Section shall not apply to information that is required by law, regulation or judicial or governmental authorities to be disclosed or that otherwise becomes part of the public domain by means other than Executive's non-observance of his obligations hereunder.

(c)Rights and Remedies Upon Breach. If Executive breaches, or threatens to commit a breach of any of the provisions of Section 8 herein (collectively, the ‘Restrictive Covenants"), Employer shall have the following rights and remedies, each of which shall be independent of the other and shall be severally enforceable, and all of which shall be in addition to, and not in lieu of, any other rights and remedies available to Employer under law or in equity:

(i)Specific Performance. Executive recognizes and agrees that the violation of the Restrictive Covenants may not be reasonably or adequately compensated in damages and that, in addition to any other relief to which Employer may be entitled by reason of such violation, it shall also be entitled to injunctive and equitable relief and. pending determination of any dispute with respect to such violation, no bond or security shall be required in connection herewith. If any dispute arises with respect to this Section 8, without limiting in any way any other rights or remedies to which Employer may be entitled, Executive agrees that the Restrictive Covenants shall be enforceable by a decree of specific performance.

(ii)Accounting. Employer shall have the right and remedy to require Executive to account for and pay over to Employer all compensation, profits, monies, accruals, increments or other benefits (collectively, "Benefits") derived or received by Executive as a result of any transactions constituting a breach of any of the Restrictive Covenants, and Executive shall account for and pay over all such Benefits to the Company.

(d)Severability of Covenants. If any of the Restrictive Covenants, or any part thereof or any of the other provisions of this Section 8 are held by a court of competent jurisdiction or any other governmental authority to be invalid, void, unenforceable or against public policy for any reason, the remainder of the Restrictive Covenants or such other provisions shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and such court or authority shall be empowered to substitute, to the extent enforceable, provisions similar thereto or other provisions so as to provide to Employer, to the fullest extent permitted by applicable law, the benefits intended by such provisions.

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(e)Definition and Survival. For purposes of this Section 8 only, the term "Employer" shall mean ODEC and, prior to the Transition Date, the Association, and any subsidiary and/or affiliate of the ODEC and, prior to the Transition Date, the Association. All provisions of this Section 8 shall survive termination of this Agreement. 

9.Conflicting Agreements. Executive hereby represents and warrants that the execution of this Agreement and the performance of his obligations hereunder will not breach or be in conflict with any other agreement to which he is a party or by which he is bound, and that he is not subject to any covenants against competition or similar covenants that would affect the performance of his obligations hereunder.

10.Definition of "Person". For all purposes of this Agreement, the term "Person" shall mean an individual, a corporation, an association, a partnership, an estate, a trust and any other entity or organization.

11.Withholding. All payments made by Employer under this Agreement shall be net of any tax or other amounts required to be withheld by Employer under applicable law.

12.Assignment; Successors and Assigns, etc. Neither Employer nor Executive may make any assignment of this Agreement or any interest herein. by operation of law or otherwise, without the prior written consent of the other party: provided, however, that Employer may assign its rights under this Agreement without the consent of Executive in the event that Employer shall hereafter effect a reorganization, consolidate with or merge into any other Person (as defined in section 10), or transfer all or substantially all of its properties or assets to any other Person. This Agreement shall inure to the benefit of and be binding upon Employer and Executive, their respective successors, executors, administrators, heirs and permitted assigns. In the event of Executive's death prior to the completion by Employer of all payments due him under this Agreement, Employer shall continue such payments to Executive's beneficiary designated in writing to Employer prior to his death (or to his estate, if he fails to make such designation).

13.Enforceability. If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law.

14.Waiver. No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

15.Notices. Any notices, requests, demands and other communications provided for by this Agreement shall be sufficient if in writing and delivered in person or sent by registered or certified mail. postage prepaid (in which case notice shall be deemed to have been given on the third day after mailing), or by overnight delivery by a reliable overnight courier service (in which case notice shall be deemed to have been given on the day after deliver to such courier service) to Executive at the last address Executive has filed in writing with Employer or. in the case of Employer, at the main offices of the ODEC or, prior to the Transition Date  the Association, to the attention of the Board of Directors.

16.Amendment. This Agreement may be amended or modified only by a written instrument signed by Executive and by a duly authorized representative of Employer.

17.Governing Law. This is a Virginia contract and shall be construed under and be governed in all respects by the laws of the Commonwealth of Virginia, without regard to its conflict of laws provisions.

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18.Arbitration. Except as otherwise provided in Section 8(c) of this Agreement. any controversy or claim arising out of or relating to this Agreement, or any breach thereof, shall be settled by confidential arbitration in Richmond, Virginia in accordance with the rules of the American Arbitration Association then in effect and judgment upon such award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The arbitrator shall be selected by mutual agreement of the parties. In the event the parties cannot agree on an arbitrator. a Board of Arbitrators shall be created consisting alone arbitrator to be appointed by the Employer, one by the Executive, and one by the two arbitrators so chosen. The cost of such arbitration shall be borne by the Employer. 

19.Entire Agreement. This Agreement constitutes the entire understanding among the parties, superseding any previous understandings, oral or written, pertaining to the subject matter contained herein. No party has relied or will rely upon any oral or other written representation or oral or written information made or given to such party by any other party, representative of such party or anyone acting on its behalf,

[Signature Pages Follow]

 

 

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IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument by Employer, by its duly authorized officers, and by Executive, as of the date first above written.

 

	
 
	
 
	
OLD DOMINION ELECTRIC COOPERATIVE

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Myron D. Rummel

	
 
	
 
	
 
	
Name: Myron D. Rummel

	
 
	
 
	
 
	
Title: Chairman, ODEC Board

 

	
 
	
 
	
VIRGINIA, MARYLAND AND DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Larry C. Howdyshell

	
 
	
 
	
 
	
Name: Larry C. Howdyshell

	
 
	
 
	
 
	
Title: Chair

 

	
 
	
 
	
EXECUTIVE

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Jackson E. Reasor, Jr.

	
 
	
 
	
 
	
Name: Jackson E. Reasor, Jr.

	
 
	
 
	
 
	
Address:

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

 

 

 

8Exhibit

AMENDMENT NO. 2 TO CREDIT AGREEMENT 

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT AND PARENT JOINDER AGREEMENT (this “Amendment”), dated as of June 6, 2016, among BLUE BIRD CORPORATION (f/k/a Hennessy Capital Acquisition Corp.), a Delaware corporation (the “Parent”), BLUE BIRD BODY COMPANY, a Georgia corporation (the “Borrower”), each Lender party hereto and Société Générale (acting through one or more of its branches or any Affiliate thereof, collectively, “SG”), as Administrative Agent (in such capacity, the “Administrative Agent”).  Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement referred to below.
PRELIMINARY STATEMENTS:
WHEREAS, Parent, the Borrower, certain of their Affiliates, the Lenders party thereto and SG, as Administrative Agent, entered into that certain Credit Agreement, dated as of June 27, 2014 (as amended by Amendment No. 1 to Credit Agreement and Parent Joinder Agreement, dated as of September 28, 2015, and as it may be further amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”);

WHEREAS, Cerberus Capital Management L.P., Oak Hill Advisors, L.P. and their respective Control Investment Affiliates (collectively, the “Sellers”) intend to transfer (the “Sponsor Transfer”) all of the Equity Interests of Holdings owned by Sellers to American Securities, LLC and/or its Control Investment Affiliates (collectively, the “Buyers”); and

WHEREAS, in connection with the Sponsor Transfer, the Borrower wishes to effect an amendment to the Credit Agreement;

NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the Borrower, the Parent, the Administrative Agent and the Lenders party hereto have agreed to amend the Credit Agreement on the terms and conditions hereinafter set forth.

SECTION 1.Amendment to the Credit Agreement.  The Credit Agreement is, effective as of the Amendment No. 2 Effective Date, hereby amended as follows:

(a)Section 1.01 of the Credit Agreement is amended by adding in the appropriate alphabetical order the following new definitions:

“Cerberus” means Cerberus Capital Management L.P. and its Control Investment Affiliates.
“Existing Sponsors” means, collectively, Cerberus and Oak Hill; and “Existing Sponsor” means each of them, individually.
“New Sponsor” means American Securities, LLC and its Control Investment Affiliates
“Oak Hill” means Oak Hill Advisors, L.P. and its Control Investment Affiliates.
“Sponsor Transfer Date” means the first date that all of the Equity Interests of Holdings owned by the Existing Sponsors have been transferred to the New Sponsor.
(b)The definition of “Sponsors” set forth in Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:

“Sponsors” means (i) prior to the Sponsor Transfer Date, collectively, the Existing Sponsors and the New Sponsor and (ii) from and after the Sponsor Transfer Date, the New Sponsor; and “Sponsor” means each of them, individually.
SECTION 2.Conditions to Effectiveness.  This Amendment shall become effective as of the date (the “Amendment No. 2 Effective Date”) when, and only when, each of the following conditions have been satisfied or waived in accordance with the terms therein:

(a)The Administrative Agent shall have received counterparts of this Amendment executed by (i) the Administrative Agent, (ii) the Borrower, (iii) the Parent and (iv) the Required Lenders;

(b)The Borrower shall have paid (i) for the account, without duplication, of each Lender that has returned an executed signature page to this Amendment (each such Lender, a “Consenting Lender”) at or prior to 5:00 pm (New York City time) on June 3, 2016, fees in the amount equal to 0.25% of the sum of such Consenting Lender’s (x) principal amount of outstanding Term Loans, in the case of a Term Lender, and (y) Revolving Commitments in the case of a Revolving Lender, in each case, as in effect immediately prior to the Amendment No. 2 Effective Date and (ii) all reasonable and documented out-of-pocket fees and expenses (limited to, with respect to legal fees and costs, the reasonable and documented out-of-pocket fees and expenses of Paul Hastings LLP) incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Amendment and other matters relating to the Loan Documents;

(c)(i) The representations and warranties of the Parent, the Borrower and each other Loan Party contained in this Amendment or any other Loan Document shall be true and correct in all material respects prior to and after giving effect to this Amendment and the transactions contemplated herein; provided that, to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided, further that, any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates; (ii) no Default or Event of Default shall exist, or would result from (x) the consummation of the Sponsor Transfer or (y) the amendments to the Credit Agreement contemplated hereby, and the other transactions contemplated hereby; and

(d)the Administrative Agent shall have received a certificate dated as of the Amendment No. 2 Effective Date and executed by a Responsible Officer of the Borrower as to the matters set forth in Section 2(c) of this Amendment.

For purposes of determining compliance with the conditions specified in this Section 2, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received written notice from such Lender prior to the Amendment No. 2 Effective Date specifying its objection thereto.
SECTION 3.Representations and Warranties.  (a) Each of the Borrower and the Parent hereby represents and warrants, on and as of the Amendment No. 2 Effective Date, each on behalf of itself and the other Loan Parties, that the representations and warranties contained in the Loan Documents are true and correct in all material respects on and as of the Amendment No. 2 Effective Date, before and after giving effect to this Amendment, as though made on and as of the Amendment No. 2 Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall have been true and correct in all material respects as of such earlier date, and except that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language is true and correct (after giving effect to any qualification therein) in all respects as of such respective dates.

(a)Each of the Borrower and the Parent represents and warrants, on and as of the Amendment No. 2 Effective Date, that: (i) it has the requisite power to execute and deliver this Amendment, and all corporate 

or other action required to be taken by it for the due and proper authorization, execution, delivery and performance of this Amendment and the consummation of the transactions contemplated hereby has been duly and validly taken; (ii) this Amendment has been duly authorized, executed and delivered by it; and (iii) no order, consent, approval, license, authorization or validation of or filing, recording or registration or exemption by or any other action by any Governmental Authority is or will be required in connection with the execution and delivery of this Amendment.

(b)Each of the Borrower and the Parent hereby represents and warrants, on and as of the Amendment No. 2 Effective Date, each on behalf of itself, each Intermediate Parent and their respective Restricted Subsidiaries, that the Sponsor Transfer (i) does not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority or any other Person, except (x) such as have been obtained or made and are in full force and effect or (y) for consents, approvals, registrations, filings or other actions the failure to make or obtain would not reasonably be expected to be adverse in any material respect to the rights of the Administrative Agent or the Lenders, (ii) will not violate (x) the Organizational Documents of, or (y) any Requirements of Law applicable to, the Parent, the Borrower, any Intermediate Parent or any Restricted Subsidiary, (iii) will not violate or result in a default under any indenture or other material agreement or instrument binding upon the Parent, the Borrower, any Intermediate Parent or any Restricted Subsidiary or their respective assets, or give rise to a right thereunder to require any payment, repurchase or redemption to be made by the Parent, the Borrower, any Intermediate Parent or any Restricted Subsidiary, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation thereunder except (in the case of each of clauses (ii)(y) and (iii) to the extent that such violation, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect and (iv) will not result in the creation or imposition of any Lien on any asset of the Parent, the Borrower, any Intermediate Parent or any Restricted Subsidiary.

(c)Each of the Borrower and the Parent hereby represents and warrants that both immediately before and after giving effect to the Amendment, no event has occurred and is continuing that constitutes a Default or Event of Default or would result therefrom.

SECTION 4.Reference to and Effect on the Credit Agreement and the other Loan Documents.

(a)On and after the effectiveness of this Amendment, each reference in the Credit Agreement and the other Loan Documents to “this Amendment”, “hereunder”, “hereof’ or words of like import referring to the Credit Agreement or such other Loan Document shall mean and be a reference to the Credit Agreement or such Loan Document as amended by this Amendment.

(b)The Credit Agreement and each other Loan Document as specifically amended by this Amendment are and shall continue to be in full force and effect and are hereby in all respects ratified, consented to and confirmed.  This Amendment shall be a “Loan Document” for purposes of the definition thereof in the Credit Agreement and the other Loan Documents.

(c)The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under the Credit Agreement or any other Loan Document.

SECTION 5.Expenses.  Each of the Borrower and the Parent hereby reconfirms its respective obligations pursuant to Section 9.03 (and subject to any limitations set forth therein) of the Credit Agreement to pay the reasonable and documented or invoiced out-of-pocket expenses incurred by the Administrative Agent in connection with this Amendment.

SECTION 6.Loan Document.  The parties hereto acknowledge and agree that this Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

SECTION 7.Execution in Counterparts.  This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.  Delivery of an executed counterpart of a signature page of this Amendment by email, telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment.

SECTION 8.Governing Law.  This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

SECTION 9.Headings.  Section headings 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.

SECTION 10.Severability.  In case any provision in or obligation hereunder shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired hereby.

SECTION 11.Notices; Successors; Waiver of Jury Trial.  All communications and notices hereunder shall be given as provided in the Credit Agreement.  The terms of this Amendment shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns.  Each of the parties hereto irrevocably waives trial by jury in any action or proceeding with respect to this Amendment or any other Loan Document.

 [Signature Pages Follow.]

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective Responsible Officers as of the date first above written.

BLUE BIRD BODY COMPANY, 
as the Borrower

By: /s/ Paul Yousif       
Name:  Paul Yousif
Title:  VP of Legal Affairs & Treasurer

BLUE BIRD CORPORATION, as Parent

By: /s/ Paul Yousif       
Name:  Paul Yousif
Title:  VP of Legal Affairs & Treasurery

Société Générale, 
as Administrative Agent

By: /s/ Carol E. Radice          
Name:  Carol E. Radice
Title: Director
 

Société Générale, 
as a Lender

By: /s/ Carol E. Radice    
Name:  Carol E. Radice
Title: Director

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	BlueMountain CLO 2012-2 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 
	 

	BlueMountain CLO 2013-1 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 
	 

	BlueMountain CLO 2014-1 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 
	 

	BlueMountain CLO 2014-2 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 
	 

	BlueMountain CLO 2014-3 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	BlueMountain CLO 2014-4 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 

	BlueMountain CLO 2015-1 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 
	 

	BlueMountain CLO 2015-2 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 
	 

	BlueMountain CLO 2015-4 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 
	 

	BlueMountain CLO 2016-1 Ltd, as a Lender
	 

	By: BlueMountain Capital Management, LLC, its Collateral Manager,
	 

	 
	 
	 

	By:
	/s/ Alison McDevitt
	 

	Name:
	Alison McDevitt
	 

	Title:
	Loan Trade Support Manager
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	Crown Point CLO II Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ John D'Angelo
	 

	Name:
	John D'Angelo
	 

	Title:
	Sr. Portfolio Manager
	 

	 
	 
	 

	 
	 
	 

	Crown Point CLO Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ John D'Angelo
	 

	Name:
	John D'Angelo
	 

	Title:
	Sr. Portfolio Manager
	 

	 
	 
	 

	 
	 
	 

	Cedar Creek CLO Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Bryan S. Higgins
	 

	Name:
	Bryan S. Higgins
	 

	Title:
	Authorized Signor
	 

	 
	 
	 

	 
	 
	 

	Silver Creek CLO Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Bryan S. Higgins
	 

	Name:
	Bryan S. Higgins
	 

	Title:
	Authorized Signor
	 

	 
	 
	 

	 
	 
	 

	Sugar Creek CLO Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Bryan S. Higgins
	 

	Name:
	Bryan S. Higgins
	 

	Title:
	Authorized Signor
	 

	 
	 
	 

	 
	 
	 

	Mill Creek CLO II Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Bryan S. Higgins
	 

	Name:
	Bryan S. Higgins
	 

	Title:
	Manager
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	Kingsland VI, as a Lender
	 

	By: Kingsland Capital Management, LLC as Manager
	 

	 
	 
	 

	By:
	/s/ Katherine Kim
	 

	Name:
	Katherine Kim
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	Kingsland VII, as a Lender
	 

	By: Kingsland Capital Management, LLC as Manager
	 

	 
	 
	 

	By:
	/s/ Katherine Kim
	 

	Name:
	Katherine Kim
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	ZAIS CLO 1, Limited, as a Lender
	 

	ZAIS CLO 1, Limited
	 

	 
	 
	 

	By:
	/s/ Vincent Ingato
	 

	Name:
	Vincent Ingato
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	ZAIS CLO 2, Limited, as a Lender
	 

	ZAIS CLO 2, Limited
	 

	 
	 
	 

	By:
	/s/ Vincent Ingato
	 

	Name:
	Vincent Ingato
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	ZAIS CLO 3, Limited, as a Lender
	 

	ZAIS CLO 3, Limited
	 

	 
	 
	 

	By:
	/s/ Vincent Ingato
	 

	Name:
	Vincent Ingato
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	ZAIS CLO 4, Limited, as a Lender
	 

	 
	 
	 

	By:
	/s/ Vincent Ingato
	 

	Name:
	Vincent Ingato
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Fifth Third Bank, as a Lender
	 

	 
	 
	 

	By:
	/s/ Laird Boulden
	 

	Name:
	Laird Boulden
	 

	Title:
	Officer
	 

	 
	 
	 

	 
	 
	 

	GLG Ore Hill CLO 2013-1 Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Richard F. Kurth
	 

	Name:
	Richard F. Kurth
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Hull Street CLO, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Scott D'Orsi
	 

	Name:
	Scott D'Orsi
	 

	Title:
	Portfolio Manager
	 

	 
	 
	 

	 
	 
	 

	Anchorage CLO 2012-1, Ltd., as a Lender
	 

	By: Anchorage Capital Group, L.L.C., its Investment Manager
	 

	 
	 
	 

	By:
	/s/ Sean Gallahue
	 

	Name:
	Sean Gallahue
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	Anchorage CLO 2013-1, Ltd., as a Lender
	 

	By: Anchorage Capital Group, L.L.C., its Investment Manager
	 

	 
	 
	 

	By:
	/s/ Sean Gallahue
	 

	Name:
	Sean Gallahue
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	Anchorage Capital CLO 3, Ltd., as a Lender
	 

	By: Anchorage Capital Group, L.L.C., its Investment Manager
	 

	 
	 
	 

	By:
	/s/ Sean Gallahue
	 

	Name:
	Sean Gallahue
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	Anchorage Capital CLO 4, Ltd., as a Lender
	 

	By: Anchorage Capital Group, L.L.C., its Investment Manager
	 

	 
	 
	 

	By:
	/s/ Sean Gallahue
	 

	Name:
	Sean Gallahue
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	Anchorage Capital CLO 5, Ltd., as a Lender
	 

	By: Anchorage Capital Group, L.L.C., its Investment Manager
	 

	 
	 
	 

	By:
	/s/ Sean Gallahue
	 

	Name:
	Sean Gallahue
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	Anchorage Capital CLO 6, Ltd., as a Lender
	 

	By: Anchorage Capital Group, L.L.C., its Investment Manager
	 

	 
	 
	 

	By:
	/s/ Sean Gallahue
	 

	Name:
	Sean Gallahue
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	Axis Reinsurance Company, as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	 
	 
	 

	Bridgeport CLO II Ltd., as a Lender
	 

	By: Deerfield Capital Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2007-III, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2012-I, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2012-II, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2012-III, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	 
	 
	 

	CIFC Funding 2013-I, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2013-II, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2013-III, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2013-IV, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2014, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Portfolio Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	 
	 
	 

	CIFC Funding 2014-II, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2014-III, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2014-IV, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2014-V, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2015-I, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	 
	 
	 

	CIFC Funding 2015-II, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2015-IV, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	CIFC Funding 2015-V, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	CIFC Loan Opportunity Fund, Ltd., as a Lender
	 

	By: CIFC Asset Management LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Senior Investment Analyst
	 

	 
	 
	 

	 
	 
	 

	Primus CLO II, Ltd., as a Lender
	 

	By: CypressTree Investment Management, LLC, its Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Elizabeth Chow
	 

	Name:
	Elizabeth Chow
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	 
	 
	 

	 
	 
	 

	HMS Funding I LLC, as a Lender
	 

	By: HMS Income Fund, Inc., Its Designated Manager
	 

	 
	 
	 

	By:
	/s/ Alejandro Palomo
	 

	Name:
	Alejandro Palomo
	 

	Title:
	Authorized Agent
	 

	 
	 
	 

	 
	 
	 

	MAIN STREET CAPITAL CORPORATION, as a Lender
	 

	 
	 
	 

	By:
	/s/ Nick Meserve
	 

	Name:
	Nick Meserve
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Bayside Small Cap Senior Loans III SPV, LLC, as a Lender
	 

	By: H.I.G. WhiteHorse Capital, LLC, its Designated Manager
	 

	 
	 
	 

	By:
	/s/ Richard Siegel
	 

	Name:
	Richard Siegel
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	Bayside Small Cap Senior Loans IV SPV, LLC, as a Lender
	 

	By: H.I.G. WhiteHorse Capital, LLC, its Designated Manager
	 

	 
	 
	 

	By:
	/s/ Richard Siegel
	 

	Name:
	Richard Siegel
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	WhiteHorse IX, Ltd., as a Lender
	 

	By: H.I.G. WhiteHorse Capital, LLC
	 

	As: Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Jay Carvell
	 

	Name:
	Jay Carvell
	 

	Title:
	Manager
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	 
	 
	 

	 
	 
	 

	 
	 
	 

	WhiteHorse X, Ltd., as a Lender
	 

	By: H.I.G. WhiteHorse Capital, LLC
	 

	As: Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Jay Carvell
	 

	Name:
	Jay Carvell
	 

	Title:
	Manager
	 

	 
	 
	 

	 
	 
	 

	PennantPark Floating Rate Funding I, LLC, as a Lender
	 

	PennantPark Floating Rate Capital Ltd., as a Designated Manager
	 

	 
	 
	 

	By:
	/s/ Arthur H. Penn
	 

	Name:
	Arthur H. Penn
	 

	Title:
	Chief Executive Officer
	 

	 
	 
	 

	 
	 
	 

	TELOS CLO 2013-3, Ltd., as a Lender
	 

	By: Telos Asset Management, LLC
	 

	 
	 
	 

	By:
	/s/ Jonathan Tepper
	 

	Name:
	Jonathan Tepper
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	TELOS CLO 2013-4, Ltd., as a Lender
	 

	By: Telos Asset Management, LLC
	 

	 
	 
	 

	By:
	/s/ Jonathan Tepper
	 

	Name:
	Jonathan Tepper
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	TELOS CLO 2014-5, Ltd., as a Lender
	 

	By: Telos Asset Management, LLC
	 

	 
	 
	 

	By:
	/s/ Jonathan Tepper
	 

	Name:
	Jonathan Tepper
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	 
	 
	 

	 
	 
	 

	 
	 
	 

	TELOS CLO 2014-6, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Jonathan Tepper
	 

	Name:
	Jonathan Tepper
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Telos COF I, LLC, as a Lender
	 

	By: Telos Asset Management LLC as Servicer
	 

	 
	 
	 

	By:
	/s/ Jonathan Tepper
	 

	Name:
	Jonathan Tepper
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Steele Creek CLO 2014-1, LTD., as a Lender
	 

	By: Steele Creek Investment Management LLC
	 

	 
	 
	 

	By:
	/s/ Alan DeKeukelaere
	 

	Name:
	Alan DeKeukelaere
	 

	Title:
	Senior Research Analyst
	 

	 
	 
	 

	 
	 
	 

	Steele Creek CLO 2015-1, LTD., as a Lender
	 

	 
	 
	 

	By:
	/s/ Alan DeKeukelaere
	 

	Name:
	Alan DeKeukelaere
	 

	Title:
	Senior Research Analyst
	 

	 
	 
	 

	 
	 
	 

	Steele Creek CLO 2016-1, LTD., as a Lender
	 

	 
	 
	 

	By:
	/s/ Alan DeKeukelaere
	 

	Name:
	Alan DeKeukelaere
	 

	Title:
	Senior Research Analyst
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	 
	 
	 

	 
	 
	 

	 
	 
	 

	MIHI LLC, as a Lender
	 

	 
	 
	 

	By:
	/s/ Ayesha Farooqi
	 

	Name:
	Ayesha Farooqi
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	By:
	/s/ J. Andrew Underwood
	 

	Name:
	J. Andrew Underwood
	 

	Title:
	Authorized Signatory
	 

	 
	 
	 

	 
	 
	 

	WebBank as a Lender
	 

	 
	 
	 

	By:
	/s/ Kelly M. Barnett
	 

	Name:
	Kelly M. Barnett
	 

	Title:
	President
	 

	 
	 
	 

	 
	 
	 

	NFIC SPV LLC, as a Lender
	 

	 
	 
	 

	By:
	/s/ Mark Tamburello
	 

	Name:
	Mark Tamburello
	 

	Title:
	VP
	 

	 
	 
	 

	 
	 
	 

	Carlyle GMS Finance SPV LLC, as a Lender
	 

	 
	 
	 

	By:
	/s/ Mark Tamburello
	 

	Name:
	Mark Tamburello
	 

	Title:
	VP
	 

	 
	 
	 

	 
	 
	 

	Carlyle GMS Finance MM CLO 2015-1 LLC, as a Lender
	 

	 
	 
	 

	By:
	/s/ Mark Tamburello
	 

	Name:
	Mark Tamburello
	 

	Title:
	VP
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2012-1, Ltd., as a Lender
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2012-2, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2012-3, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2012-4, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2013-1, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2013-2, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2013-3, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2014-1, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2014-2, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2014-3, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	Carlyle Global Market Strategies CLO 2014-5, Ltd., as a Lender
	 

	 
	 
	 

	By:
	/s/ Linda Pace
	 

	Name:
	Linda Pace
	 

	Title:
	Managing Director
	 

	 
	 
	 

	 
	 
	 

	OFSI Fund V, Ltd.
	 

	By: OFS Capital Management, LLC
	 

	Its: Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Maureen S. Ault
	 

	Name:
	Maureen S. Ault
	 

	Title:
	Director
	 

	 
	 
	 

	 
	 
	 

	OFSI Fund VI, Ltd.
	 

	By: OFS Capital Management, LLC
	 

	Its: Collateral Manager
	 

[Blue Bird - Amendment No. 2 - Signature Page]

	
			
	 
	 
	 

	By:
	/s/ Maureen S. Ault
	 

	Name:
	Maureen S. Ault
	 

	Title:
	Director
	 

	OFSI Fund VII, Ltd.
	 

	By: OFS Capital Management, LLC
	 

	Its: Collateral Manager
	 

	 
	 
	 

	By:
	/s/ Maureen S. Ault
	 

	Name:
	Maureen S. Ault
	 

	Title:
	Director
	 

	 
	 
	 

	 
	 
	 

	Citi Loan Funding CGMS LLC, as a Lender
	 

	By: Citibank, N.A.
	 

	 
	 
	 

	By:
	/s/ Mitesh Bhakta
	 

	Name:
	Mitesh Bhakta
	 

	Title:
	Associate Director
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

[Blue Bird - Amendment No. 2 - Signature Page]

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