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Exhibit 10.13
Execution Version

SECOND AMENDMENT TO REVOLVING CREDIT AND GUARANTY AGREEMENT

        This SECOND AMENDMENT TO REVOLVING CREDIT AND GUARANTY AGREEMENT dated as of December 02, 2021 (this “Second Amendment”) to the Revolving Credit and Guaranty Agreement dated as of February 27, 2021 (as amended by that certain First Amendment, dated as of August 03, 2021, the “Credit Agreement”) among Coupang, Inc., a Delaware corporation (the “Borrower”), the Guarantors party thereto, each of the Lenders and Issuing Banks party thereto (collectively the “Lenders” and, individually, a “Lender”), and JPMorgan Chase Bank, N.A., as Administrative Agent.

        WHEREAS, the Borrower and the Required Lenders wish to amend the Credit Agreement as set forth herein as of the Second Amendment Effective Date (as defined below);

        WHEREAS, the Lenders party hereto are willing to make such amendments to the Credit Agreement, in accordance with the terms and conditions set forth herein. 

NOW, THEREFORE, the parties hereto hereby agree as follows:

Section 1.  Definitions.  Capitalized terms used in this Second Amendment and not otherwise defined are used herein as defined in the Credit Agreement (as amended hereby).
Section 2. Amendment of Credit Agreement.  Effective as of the Second Amendment Effective Date, the Credit Agreement shall be amended as follows:
2.1Section 1.1 of the Credit Agreement shall be amended by inserting the following definitions in the appropriate alphabetical location:
““Second Amendment Effective Date” means December 02, 2021.”

2.2Section 6.1(c) of the Credit Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth below: 
“(c) Indebtedness of any Loan Party or Restricted Subsidiary in an aggregate outstanding principal amount not to exceed, at the time of incurrence, the sum of (i) the Shared Incremental Amount plus (ii) an amount such that, after giving effect to the incurrence of such amount, the Total Net Leverage Ratio would not exceed 3.0 to 1.0 for the most recently ended four fiscal quarter period for which financial statements have been delivered pursuant to Section 5.1(a) or (b) or Section 3.4(a) and calculated on a Pro Forma Basis (without giving effect to any substantially simultaneous incurrence of Indebtedness made pursuant to the Shared Incremental Amount); provided, that the Borrower may elect to use clause (ii) above prior to using clauses (i) above, and if both clause (i) and clause (ii) are available, unless otherwise elected by the Borrower, then the Borrower will be deemed to have elected to use clause (ii) above first; provided, further that such Indebtedness incurred pursuant to this clause (c) (w) other than with respect to Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties pursuant to subclause (aa) below, does not mature earlier than the latest Maturity Date (as determined as of the date of incurrence of such Indebtedness), or have a shorter weighted average life to maturity than the weighted average life to maturity of the Commitments outstanding at such time, (x) has terms and conditions (other than pricing (including interest rates, rate floors or original issue discount) and fees and, solely with respect to any term loans, amortization and prepayment premiums) no more restrictive than those with respect to the Revolving Loans provided for herein (except for covenants or other provisions which are provided to the existing Lenders or are applicable only to periods after the Maturity Date (as determined as of the date of incurrence of such Indebtedness) and, in the case of any Permitted Convertible Indebtedness, any provisions customary for convertible notes), (y) to the extent guaranteed, shall not be guaranteed by 

any Person other than the Loan Parties,  and (z) shall be unsecured and (aa) by Restricted Subsidiaries that are not Loan Parties shall not exceed an aggregate principal amount equal to the greater of (i) $300,000,000 and (ii) 5% of Consolidated Total Tangible Assets of Parent and its Restricted Subsidiaries as of the last day of the most recent fiscal quarter in respect of which financial statements have been delivered pursuant to Section 5.1(a) or (b) or Section 3.4(a) and calculated on a Pro Forma Basis; 

2.3    Section 6.1(e) of the Credit Agreement shall be amended by adding (x) “, vendor guarantees” immediately after “bank guarantees” and (y) “, in each case” immediately prior to “incurred in the ordinary course of business”.
Section 3.  Conditions Precedent to Effectiveness.  This Second Amendment shall become effective on the date upon which each of the following conditions is satisfied (the “Second Amendment Effective Date”):  
(a)Second Amendment.  This Second Amendment shall have been duly executed and delivered by the Borrower, the Guarantors, the Required Lenders and the Administrative Agent.
(b)Fees and Expenses.  The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Second Amendment Effective Date, including, to the extent invoiced at least one Business Day prior to the Second Amendment Effective Date, reimbursement or payment of all reasonable out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder or under any other Loan Document.  
Section 4.  Representations and Warranties.  On and as of the Second Amendment Effective Date, the Borrower hereby represents and warrants to the Administrative Agent and each Lender party hereto, after giving effect to the amendments set forth in this Amendment, that: 
    (a)    The representations and warranties set forth in Article III of the Credit Agreement and in each other Loan Document shall be true and correct in all material respects (other than to the extent qualified by materiality or “Material Adverse Effect”, in which case, such representations and warranties shall be true and correct in all respects)  on and as of the Second Amendment Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date.
    (b)    No Default or Event of Default shall have occurred and be continuing under the Credit Agreement.
Section 5.Miscellaneous.  Except as herein provided, the Credit Agreement shall remain unchanged and in full force and effect and is hereby in all respects ratified and confirmed.  On and after the Second Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended by this Second Amendment.  The execution, delivery and effectiveness of this Second Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.  On and after the effectiveness of this Second Amendment, this Second Amendment shall for all purposes constitute a Loan Document.  This Second Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement and any of the parties hereto may execute this Second Amendment by signing any such counterpart.  Delivery of an executed counterpart by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment. The words “execution,” “execute”, “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Amendment and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the 
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use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.  The provisions set forth in Sections 10.3 10.9, 10.10 of the Credit Agreement are hereby incorporated herein mutatis mutandis with all references to “this Agreement” therein being deemed references to this Second Amendment. This Second Amendment shall not constitute or effect a novation of the obligations of each Loan Party under the Credit Agreement and other Loan Documents.

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IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to the Credit Agreement to be duly executed and delivered as of the day and year first above written.

JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and a Lender

By:     /s/ Peter B. Thauer            
Name:    Peter B. Thauer
Title:    Managing Director

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COUPANG, INC.,
as Borrower

By:     /s/ Gaurav Anand            
                        Name:     Gaurav Anand
    Title:    Chief Financial Officer
            

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Goldman Sachs Lending Partners LLC,
as a Lender

By:     /s/ Dan Martis                
    Name:     Dan Martis
    Title:    Authorized Signatory

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Bank of America, N.A.,
as a Lender

By:     /s/ Sieun Lee            
    Name:     Sieun Lee
    Title:    Vice President

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THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, SEOUL BRANCH
as a Lender

By:     /s/ Jonathan Yip                
    Name:     Jonathan Yip
    Title:    Head of Global Banking

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DEUTSCHE BANK AG NEW YOR BRANCH
as a Lender

By:     /s/ Ming K. Chu                
    Name:     Ming K. Chu
    Title:    Director

By:     /s/ Marko Lukin                
    Name:     Marko Lukin
    Title:    Vice President 
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 By its signature below, the undersigned hereby consents to the foregoing Second Amendment to the Credit Agreement and hereby confirms that all of its obligations under each Loan Document (as defined in the  Credit Agreement) shall continue unchanged and in full force and effect for the benefit of the Administrative Agent and the Lenders with respect to the Credit Agreement as amended by the Second Amendment.

COUPANG CORP.,
as a Guarantor

By:     /s/ Han Seung Kang            
    Name:     Han Seung Kang
    Title:    Representative Director

COUPANG GLOBAL LLC,
as a Guarantor

By:     /s/ Thuan Quang Pham            
    Name:     Thuan Quang Pham
    Title:    Chief Executive Officer

COUPANG USA, INC.,
as a Guarantor

By:     /s/ Gaurav Anand            
    Name:     Gaurav Anand
    Title:    Treasurer

COUPANG ASIA HOLDINGS PTE. LTD.,
as a Guarantor

By:     /s/ Harold Rogers            
    Name:     Harold Rogers
    Title:    Authorized Signatory

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Exhibit 10.14

NON-EMPLOYEE DIRECTOR COMPENSATION POLICY
The purpose of this Non-Employee Director Compensation Policy (this “Policy”) of Coupang, Inc. (the “Company”), is to provide a compensation package that enables the Company to attract and retain high-caliber directors and aligns their interests with the interests of the Company’s stockholders.
 
						
	1.	Eligibility

The Policy applies to all members of the Company’s Board of Directors (the “Board”) who are not employees or officers of the Company or its subsidiaries (“Non-Employee Directors”). Directors who are employees or officers of the Company or its subsidiaries do not receive compensation for their service on the Board. 

						
	2.	Equity Compensation

Non-Employee Directors shall be granted the equity awards described below. The awards described below shall be granted under and shall be subject to the terms and provisions of the Company’s 2021 Equity Incentive Plan (as amended from time to time, the “Equity Plan”) or a successor equity incentive plan, and shall be granted subject to the execution and delivery of award agreements, including attached exhibits, in substantially the same forms previously approved by the Board, setting forth the vesting schedule applicable to such awards and such other terms as may be required by the Equity Plan.
Annual Equity Awards. The Company shall pay annual retainers as set forth below: 
																		
	

Annual retainer for Board membership
		$	300,000	
	Additional annual retainers					
	•Lead Director
		$	25,000	
	•Chair of the Audit Committee
		$	25,000	
	•Chair of the Compensation Committee
		$	20,000	
	•Chair of the Nominating and Corporate Governance Committee
		$	15,000	
	•Member of the Audit Committee (other than Chair)
		$	12,500	
	•Member of the Compensation Committee (other than Chair)
		$	10,000	
	•Member of the Nominating and Corporate Governance Committee (other than Chair)
		$	7,500	

All annual retainers shall be paid in the form of restricted stock units (“RSUs”). A person who is a Non-Employee Director immediately following each annual meeting of the Company’s stockholders and who will continue to serve as a Non-Employee Director immediately following such annual meeting shall be automatically granted on the date of each such annual meeting an award of RSUs covering a number of shares of Company common stock having a value on the date of grant (based on the closing price on such date) determined based upon the table above and the Committee roles of the Non-Employee Director as of the date of the grant. The awards described in this paragraph shall be referred to as an “Annual Award.” Each Annual Award granted will be scheduled to vest in full on the earlier of the first anniversary of the date of grant or the date of the next annual meeting of stockholders following the date of grant. If a Non-Employee Director terminates service in a Committee role prior to the vesting date, applicable Committee retainer will vest on a pro-rata basis taking account of the Non-Employee Directors length of Committee service during the vesting period. If a Non-Employee Director resigns from the Board prior to the vesting date, all unvested Annual Awards will be forfeited as of the date of resignation. 
Notwithstanding anything herein to the contrary, each Non-Employee Director who holds unvested RSUs as of the date this Policy (“Outstanding RSUs”) is adopted will not be eligible to receive an Annual Award as described above until the date of the first annual meeting that occurs after the Non-Employee Director’s Outstanding RSUs have become fully vested in accordance with their terms.
Initial Equity Awards. In connection with joining the Board, a new Non-Employee Director may be granted an award of RSUs covering a number of shares of Company common stock having a value of up to $1,000,000 (as determined by the Board) on the date of grant (based on the closing price on such date). The awards described in this paragraph shall be referred to as an “Initial Award.” An employee director who ceases to be an employee, but who remains a director, will not receive an Initial Award. No Non-Employee Director shall be granted more than one Initial Award. Each Initial Award will vest on a schedule determined by the Board at the time of grant. If a Non-

Employee Director resigns from the Board prior to the vesting date, the unvested portion of any Initial Award will be forfeited as of the date of resignation.
All of a Non-Employee Director’s Initial Award and Annual Awards shall vest in full upon the occurrence of a Change in Control (as defined in the Equity Plan).

						
	4.	Director Pay Limit

The total amount of cash retainers paid and equity awards (valued based on the grant date fair value) granted by the Company to any director for his or her service on the Board shall not exceed $750,000 in any calendar year or $1,000,000 in the calendar year when a director first joins the Board.

						
	5.	Expense Reimbursement

All Non-Employee Directors shall be entitled to reimbursement from the Company for their reasonable travel (including airfare and ground transportation), lodging and meal expenses incident to meetings of the Board or committees thereof or in connection with other Board related business. In each case and unless otherwise provided by the Board, such expenses shall be in accordance with and subject to the Company’s expense reimbursement policy as presented to the Audit Committee of the Board. The Company shall make reimbursement to a Non-Employee Director within a reasonable amount of time following submission by the Non-Employee Director of reasonable written substantiation for the expenses (and in all events not later than the end of the year following the year in which the related expense was incurred).

						
	6.	Administration

The Board, with the assistance of the Compensation Committee, administers the Policy and may amend the Policy at any time in its sole discretion. 

Policy adopted on December 15, 2021

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