Document:

EX-10.3

 Exhibit 10.3 
  

 
  

GUARANTY 
 dated as of 

November 26, 2013 
 among

 SCORPIO ACQUISITION CORPORATION, 

as Holdings, 
 CERTAIN SUBSIDIARIES
OF SCORPIO ACQUISITION CORPORATION IDENTIFIED HEREIN 
 and 

CITICORP NORTH AMERICA, INC., 
 as
Administrative Agent 
  
  

 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	
	Article I.	  
	
	Definitions	  
			
	Section 1.1.	 	 Credit Agreement
	  	 	1	  
	Section 1.2.	 	 Other Defined Terms
	  	 	1	  
	
	Article II.	  
	
	Guaranty	  
			
	Section 2.1.	 	 Guaranty
	  	 	2	  
	Section 2.2.	 	 Guaranty of Payment
	  	 	2	  
	Section 2.3.	 	 No Limitations
	  	 	2	  
	Section 2.4.	 	 Reinstatement
	  	 	3	  
	Section 2.5.	 	 Agreement To Pay; Subrogation
	  	 	3	  
	Section 2.6.	 	 Information
	  	 	3	  
	
	Article III.	  
	
	Indemnity, Subrogation and Subordination	  
			
	Section 3.1.	 	 Waiver of Contribution and Subrogation
	  	 	4	  
	Section 3.2.	 	 Subordination
	  	 	4	  
	
	Article IV.	  
	
	Miscellaneous	  
			
	Section 4.1.	 	 Notices
	  	 	4	  
	Section 4.2.	 	 Waivers; Amendment
	  	 	4	  
	Section 4.3.	 	 Administrative Agent’s Fees and Expenses; Indemnification
	  	 	5	  
	Section 4.4.	 	 Successors and Assigns
	  	 	5	  
	Section 4.5.	 	 Survival of Agreement
	  	 	6	  
	Section 4.6.	 	 Counterparts; Effectiveness; Several Agreement
	  	 	6	  
	Section 4.7.	 	 Severability
	  	 	6	  
	Section 4.8.	 	 Right of Setoff
	  	 	6	  
	Section 4.9.	 	 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	7	  
	Section 4.10.	 	 WAIVER OF JURY TRIAL
	  	 	7	  
	Section 4.11.	 	 Headings
	  	 	7	  
	Section 4.12.	 	 Security Interest Absolute
	  	 	7	  
	Section 4.13.	 	 Termination or Release
	  	 	7	  
	Section 4.14.	 	 Additional Guarantors
	  	 	8	  
			
	Exhibits	 		  			
			
	Exhibit A	 	 Form of Guaranty Supplement
	  			

  
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 GUARANTY, dated as of November 26, 2013, among SCORPIO ACQUISITION CORPORATION, a Delaware
corporation (“Holdings”), certain subsidiaries of Holdings from time to time party hereto and CITICORP NORTH AMERICA, INC., as Administrative Agent. 

Reference is made to the Credit Agreement dated as of the date hereof (as amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among Holdings, POLYMER GROUP, INC., a Delaware corporation (the “Borrower”), CITICORP NORTH AMERICA, INC., as Administrative Agent, the other agents party thereto and each lender from time to
time party thereto (collectively, the “Lenders,” and individually, a “Lender”). The Lenders have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The
obligations of the Lenders to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. Each Guarantor (as defined below) is an affiliate of the Borrower, will derive substantial benefits from the
extension of credit to the Borrower pursuant to the Credit Agreement and is willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit. Accordingly, the parties hereto agree as follows: 

Article I. 
 Definitions 

Section 1.1. Credit Agreement. 

(a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. 

(b) The rules of construction specified in Article I of the Credit Agreement also apply to this Agreement. 

Section 1.2. Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“Agreement” means this Guaranty. 

“Credit Agreement” has the meaning assigned to such term in the preliminary statement of this Agreement. 

“Guarantor” means Holdings and each Restricted Subsidiary of the Borrower that is a Wholly-Owned Domestic Restricted
Subsidiary and each Person that becomes a party to this Agreement after the Closing Date. 
 “Guaranty Parties” means,
collectively, the Borrower (other than in respect of its own Loan Obligations) and each Guarantor. 
 “Guaranty Supplement”
means an instrument in the form of Exhibit A hereto. 
 “Holdings” has the meaning assigned to such term in the
preliminary statement of this Agreement. 

 Article II. 

Guaranty 
 Section 2.1.
Guaranty. Each of the Guarantors hereby, jointly and severally, fully and unconditionally, Guarantees to each Senior Credit Party and to the Administrative Agent and its successors and assigns, irrespective of the validity and enforceability
of this Agreement or the Credit Agreement or the obligations of the Borrower hereunder or thereunder, the due and punctual payment and performance of the Loan Obligations, and that all other obligations of the Borrower to the Senior Credit Parties
or the Administrative Agent under this Agreement or the Credit Agreement shall be promptly paid in full or performed, all in accordance with the terms hereof and thereof. The obligation of any Guarantor hereunder shall be a general senior obligation
of such Guarantor and shall be pari passu in right of payment with all existing and future Senior Indebtedness of such Guarantor, if any, and senior in right of payment to all existing and future Subordinated Indebtedness of such Guarantor.

 Section 2.2. Guaranty of Payment. Each of the Guarantors further agrees that failing payment when due of any amount so
guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

Section 2.3. No Limitations. 

(a) Except for termination of a Guarantor’s obligations hereunder as expressly provided in Section 4.13, the obligations of each
Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off,
counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Loan Obligations, or otherwise. Without limiting the generality of the foregoing, the obligations of each Guarantor hereunder shall
not be discharged or impaired or otherwise affected by (i) the failure of the Administrative Agent or any other Senior Credit Party to assert any claim or demand or to enforce any right or remedy under the provisions of any Loan Document or
otherwise; (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement;
(iii) any default, failure or delay, willful or otherwise, in the performance of the Loan Obligations; or (iv) any other act or omission that may or might in any manner or to any extent vary the risk of any Guarantor or otherwise operate
as a discharge of any Guarantor as a matter of law or equity (other than the indefeasible payment in full in cash of all the Loan Obligations). Each Guarantor expressly authorizes the Senior Credit Parties to release or substitute any one or more
other guarantors or obligors upon or in respect of the Loan Obligations, all without affecting the obligations of any Guarantor hereunder. 

(b) To the fullest extent permitted by applicable Law, each Guarantor waives any defense based on or arising out of any defense of the
Borrower or any other Guaranty Party or the unenforceability of the Loan Obligations, or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower or any other Guaranty Party, other than the indefeasible
payment in full in cash of all the Loan Obligations. The Administrative Agent and the other Senior Credit Parties may, at their election, compromise or adjust any part of the Loan Obligations, make any other accommodation with the Borrower or any
other Guaranty Party or exercise any other right or remedy available to them against the Borrower or any other Guaranty Party, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Loan
Obligations have been fully and indefeasibly paid in full in cash. To the fullest extent permitted by applicable Law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable Law,
to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against the Borrower or any other Guaranty Party, as the case may be. 

  
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 (c) In case any provision hereunder shall be invalid, illegal or unenforceable, the validity,
legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 (d) Each Guarantor and
each Senior Credit Party hereby confirm that it is the intention of all such parties that the Guarantee of such Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance
Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to this Agreement and the Loan Obligations of each Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, each
Senior Credit Party and the Guarantors hereby irrevocably agree that the obligations of each Guarantor shall be limited to the maximum amount as shall, after giving effect to such maximum amount and all other contingent and fixed liabilities of such
Guarantor that are relevant under such laws and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this
Section 2.3, result in the obligations of such Guarantor under this Agreement not constituting a fraudulent conveyance or fraudulent transfer under applicable law. Each Guarantor that makes a payment hereunder shall be entitled upon payment in
full of all guaranteed obligations under this Agreement to a contribution from each other Guarantor in an amount equal to such other Guarantor’s pro rata portion of such payment based on the respective net assets of all the Guarantors at the
time of such payment determined in accordance with GAAP. 
 (e) Each Guarantor acknowledges that it shall receive direct and indirect
benefits from the financing arrangements contemplated by the Loan Documents and that the guarantee and waivers made pursuant to this Agreement are knowingly made in contemplation of such benefits. 

Section 2.4. Reinstatement. Each of the Guarantors agrees that if any Senior Credit Party or the Administrative Agent is required
by any court or otherwise to return to the Borrower, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Borrower or the Guarantors, any amount paid either to the Administrative Agent or
such Senior Credit Party, this Agreement, to the extent theretofore discharged, shall be reinstated in full force and effect. 

Section 2.5. Agreement To Pay; Subrogation. Each Guarantor shall be subrogated to all rights of Senior Credit Parties against the
Borrower in respect of any amounts paid by any Guarantor pursuant to the provisions of Section 2.1 hereof; provided that, if an Event of Default has occurred and is continuing, no Guarantor shall be entitled to enforce or receive any
payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Borrower under this Agreement or the Loan Obligations shall have been paid in full. 

Section 2.6. Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s
and each other Guaranty Party’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Loan Obligations, and the nature, scope and extent of the risks that such Guarantor assumes and incurs
hereunder, and agrees that none of the Administrative Agent or the other Senior Credit Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

  
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 Article III. 

Indemnity, Subrogation and Subordination 

Section 3.1. Waiver of Contribution and Subrogation. Each Guaranty Party agrees that it shall not be entitled to any right of
subrogation in relation to the Senior Credit Parties in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guaranty Party further agrees that, as between the Guaranty Parties, on the one
hand, and the Senior Credit Parties and the Administrative Agent, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article VIII of the Credit Agreement for the purposes of this
Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in
Article VIII of the Credit Agreement, such obligations (whether or not due and payable) shall forthwith become due and payable by the Guaranty Parties for the purpose of this Agreement. The Guaranty Parties shall have the right to seek contribution
from any non-paying Guaranty Party so long as the exercise of such right does not impair the rights of the Senior Credit Parties under the Guarantees. 

Section 3.2. Subordination. Each Guaranty Party hereby agrees that upon the occurrence and during the continuance of an Event of
Default and after notice from the Administrative Agent all Indebtedness owed by it to any Subsidiary shall be fully subordinated to the indefeasible payment in full in cash of the Loan Obligations. 

Article IV. 
 Miscellaneous 

Section 4.1. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in
writing and given as provided in Section 10.02 of the Credit Agreement. All communications and notices hereunder to any Guarantor shall be given to it in care of the Borrower as provided in Section 10.02 of the Credit Agreement. 

Section 4.2. Waivers; Amendment. 

(a) No failure or delay by the Administrative Agent, any other Agent, or any Senior Credit Party in exercising any right or power hereunder or
under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further
exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, any other Agent, and the Senior Credit Parties hereunder and under the other Loan Documents are cumulative and are not exclusive of
any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Guaranty Party therefrom shall in any event be effective unless the same shall be permitted by clause (b) of
this Section 4.2, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of
Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any other Agent, or any Senior Credit Party may have had notice or knowledge of such Default at the time. No notice or demand on any Guaranty
Party in any case shall entitle any Guaranty Party to any other or further notice or demand in similar or other circumstances. 
 (b)
Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Guaranty Party or Guaranty Parties with respect to which
such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 10.01 of the Credit Agreement. 

  
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 Section 4.3. Administrative Agent’s Fees and Expenses; Indemnification. 

(a) The parties hereto agree that the Administrative Agent shall be entitled to reimbursement of its expenses incurred hereunder as provided
in Section 10.04 of the Credit Agreement. Each Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys’ fees) incurred by the Administrative Agent or any Senior Credit Party in enforcing any rights under
this Agreement. 
 (b) Without limitation of its indemnification obligations under the other Loan Documents, each Guarantor jointly and
severally agrees to indemnify the Administrative Agent and the other Indemnitees against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonably related expenses (including the reasonable fees,
charges and disbursements of any counsel for any Indemnitee) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Guarantor arising out of, in connection with, or as a result of, (i) the execution or
delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions
contemplated hereby or thereby or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents or (ii) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing brought by a third party or by any Guarantor or any of its directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to
have resulted from the gross negligence, fraud, bad faith or willful misconduct of such Indemnitee, (y) result from a material breach of this Agreement by such Indemnified Party or any Affiliate, director, officer, employee or agent of such
Indemnified Party or (z) in respect of any dispute among Indemnified Parties other than claims against any Indemnified Party in its capacity or in fulfilling its role as an agent or arranger of any other similar role hereunder and other than
any claims arising out of any act or omission of the Borrower or its Affiliates. 
 (c) Any such amounts payable as provided hereunder shall
be additional Loan Obligations. The provisions of this Section 4.3 shall remain operative and in full force and effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions contemplated
hereby, the repayment of any of the Loan Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any other Senior
Credit Party. All amounts due under this Section 4.3 shall be payable within 10 days of written demand therefor. 
 Section 4.4.
Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on
behalf of any Guarantor or the Administrative Agent that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns, except that neither the Borrower nor any other Guaranty Party may assign or
otherwise transfer any of its rights or obligations hereunder except as otherwise permitted by this Agreement or the Credit Agreement without the prior written consent of the Administrative Agent. 

  
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 Section 4.5. Survival of Agreement. All covenants, agreements, representations and
warranties made by the Guaranty Parties in the Loan Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon
by the Senior Credit Parties and shall survive the execution and delivery of the Loan Documents and the making of any Loans, regardless of any investigation made by any Senior Credit Party or on its behalf and notwithstanding that any Senior Credit
Party may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended under the Credit Agreement, and shall continue in full force and effect as long as the principal of or any accrued
interest on any Loan or any fee or any other amount payable under any Loan Document is outstanding. 
 Section 4.6. Counterparts;
Effectiveness; Several Agreement. This Agreement may be executed in counterparts, each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this
Agreement by facsimile transmission or other electronic communication shall be as effective as delivery of a manually signed counterpart of this Agreement. This Agreement shall become effective as to any Guaranty Party when a counterpart hereof
executed on behalf of such Guaranty Party shall have been delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of the Administrative Agent, and thereafter shall be binding upon such Guaranty Party and the
Administrative Agent and their respective permitted successors and assigns, and shall inure to the benefit of such Guaranty Party, the Administrative Agent and the other Senior Credit Parties and their respective successors and assigns, except that
no Guaranty Party shall have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such assignment or transfer shall be void) except as otherwise permitted by this Agreement or the Credit Agreement. This
Agreement shall be construed as a separate agreement with respect to each Guaranty Party and may be amended, modified, supplemented, waived or released with respect to any Guaranty Party without the approval of any other Guaranty Party and without
affecting the obligations of any other Guaranty Party hereunder. 
 Section 4.7. Severability. Any provision of this Agreement
held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the
remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 4.8. Right of Setoff. In addition to any rights and remedies of the Senior Credit Parties provided by Law, upon the
occurrence and during the continuance of any Event of Default, each Senior Credit Party and its Affiliates is authorized at any time and from time to time, without prior notice to the Borrower or any other Guaranty Party, any such notice being
waived by the Borrower and each Guaranty Party to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other Indebtedness at any
time owing by, such Senior Credit Party and its Affiliates to or for the credit or the account of the respective Guaranty Parties against any and all obligations owing to such Senior Credit Party and its Affiliates hereunder, now or hereafter
existing, irrespective of whether or not such Senior Credit Party or Affiliate shall have made demand under this Agreement and although such obligations may be contingent or unmatured or denominated in a currency different from that of the
applicable deposit or Indebtedness. Each Senior Credit Party agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and application made by such Senior Credit Party; provided that the failure to give such
notice shall not affect the validity of such setoff and application. The rights of each Senior Credit Party under this Section 4.8 are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent and
such Senior Credit Party may have. 

  
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 Section 4.9. Governing Law; Jurisdiction; Consent to Service of Process. 

THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

Section 4.10. WAIVER OF JURY TRIAL. EACH OF THE GRANTORS AND THE SENIOR CREDIT PARTIES HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 4.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

Section 4.12. Security Interest Absolute. All rights of the Administrative Agent hereunder and all obligations of each Guarantor
hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Loan Obligations or any other agreement or
instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Loan Obligations, or any other amendment or waiver of or any consent to any departure from the
Credit Agreement, any other Loan Document, any other agreement or instrument, (c) any release or amendment or waiver of or consent under or departure from any guarantee guaranteeing all or any of the Loan Obligations or (d) any other
circumstance that might otherwise constitute a defense available to, or a discharge of, any Guarantor in respect of the Loan Obligations or this Agreement. 

Section 4.13. Termination or Release. 

(a) This Agreement and the Guarantees made herein shall terminate with respect to all Loan Obligations (other than contingent indemnification
obligations not yet accrued and payable) upon payment in full of the principal of, together with accrued and unpaid interest (including post-petition interest, if any) on, all of the Loans and all other Loan Obligations that are due and payable at
or prior to the time such principal, together with accrued and unpaid interest are paid. 
 (b) The obligations of such Subsidiary Guarantor
shall be automatically and unconditionally released and discharged, and no further action by such Subsidiary Guarantor, the Borrower or the Administrative Agent is required for the release of such Subsidiary Guarantor’s Guarantee, upon: 

(i) (A) any sale, exchange or disposal of the Capital Stock of such Subsidiary Guarantor (other than any such disposition to
the Borrower or a Guarantor), after which the applicable Subsidiary Guarantor is no longer a Restricted Subsidiary, if such sale, exchange or transfer is made in compliance with the applicable provisions of the Credit Agreement; 

(B) the release or discharge of the guarantee by such Subsidiary Guarantor of the Indebtedness that resulted in the creation of
such Guarantee, except a discharge or release by or as a result of payment under such guarantee; or 
 (C) the proper
designation of any Restricted Subsidiary that is a Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with Section 7.06 of the Credit Agreement and the definition of “Unrestricted Subsidiary” in Section 1.01
thereof; and 
 (ii) such Subsidiary Guarantor delivering to the Administrative Agent an Officer’s Certificate and an
Opinion of Counsel, each stating that all conditions precedent provided for in the Credit Agreement relating to such transaction have been complied with. 

  
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 (c) In connection with any termination or release pursuant to paragraphs (a) or (b), the
Administrative Agent shall execute, deliver or acknowledge to any Guarantor, at such Guarantor’s expense, any necessary or proper instruments of termination or release that such Guarantor shall reasonably request to evidence such termination or
release. Any execution and delivery of documents pursuant to this Section 4.13 shall be without recourse to or warranty by the Administrative Agent. 

Section 4.14. Additional Guarantors. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of a
Borrower that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Guarantors upon becoming a Wholly-Owned Domestic Restricted Subsidiary or guaranteeing the payment of
certain Indebtedness of the Borrower or any other Subsidiary Guarantor, as the case may be. Upon execution and delivery by the Administrative Agent and a Restricted Subsidiary of a Guaranty Supplement, such Restricted Subsidiary shall become a
Guarantor hereunder with the same force and effect as if originally named as a Guarantor herein. The execution and delivery of any such instrument shall not require the consent of any other Guaranty Party hereunder. The rights and obligations of
each Guaranty Party hereunder shall remain in full force and effect notwithstanding the addition of any new Guaranty Party as a party to this Agreement. 

[Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first
above written. 
  

					
	SCORPIO ACQUISITION CORPORATION
		
	By:	 	 /s/ Anjan Mukherjee

		 	Name:	 	Anjan Mukherjee
		 	Title:	 	President and Secretary
	
	CHICOPEE, INC.
	DOMINION TEXTILE (USA), L.L.C.
	FABRENE, L.L.C.
	PGI EUROPE, INC.
	PGI POLYMER, INC.
		
	By:	 	 /s/ Dennis E. Norman

		 	Name:	 	Dennis E. Norman
		 	Title:	 	Chief Financial Officer

 
					
	CITICORP NORTH AMERICA, INC.,
	as Administrative Agent
		
	By:	 	 /s/ Caesar Wyszomirski

		 	Name:	 	Caesar Wyszomirski
		 	Title:	 	Vice President

 Exhibit A to the 

Guaranty Agreement 
 SUPPLEMENT NO.
     (the “Guaranty Supplement”) dated as of [                    ], to the Guaranty dated as of
November 26, 2013, among SCORPIO ACQUISITION CORPORATION, a Delaware corporation (“Holdings”), certain subsidiaries of Holdings from time to time party thereto and CITICORP NORTH AMERICA, INC., as Administrative Agent. 

A. Reference is made to the Credit Agreement dated as of November 26, 2013 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among POLYMER GROUP, INC., a Delaware corporation (the “Borrower”), Holdings, CITICORP NORTH AMERICA, INC., as Administrative Agent, the other agents party thereto and each lender from
time to time party thereto (collectively, the “Lenders” and individually, a “Lender”). 
 B. Capitalized
terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement and the Guaranty referred to therein. 

C. The Guarantors have entered into the Guaranty in order to induce the Lenders to make Loans. Section 4.14 of the Guaranty provides that
certain Restricted Subsidiaries of a Borrower that were not in existence or not Wholly-Owned Domestic Restricted Subsidiaries on the date of the Credit Agreement or that guarantee the payment of certain Indebtedness of the Borrower or any Subsidiary
Guarantor are required (pursuant to the terms of the Credit Agreement), to become Guarantors under the Guaranty by execution and delivery of an instrument in the form of this Guaranty Supplement. The undersigned Subsidiary of the Borrower or any
Guarantor (the “New Guarantor”) is executing this Guaranty Supplement in accordance with the requirements of the Credit Agreement to become a Guarantor under the Guaranty in order to induce the Lenders to make additional Loans and
as consideration for Loans previously made. 
 Accordingly, the Administrative Agent and the New Guarantor agree as follows: 

SECTION 1. Obligations under the Guaranty. In accordance with Section 4.14 of the Guaranty, the New Guarantor by its signature
below becomes a Guarantor under the Guaranty with the same force and effect as if originally named therein as a Guarantor and the New Guarantor hereby agrees as follows: 

(a) Along with all Guarantors named in the Guaranty, to jointly and severally unconditionally guarantee to each Senior Credit Party and to the
Administrative Agent and its successors and assigns, irrespective of the validity and enforceability of the Loan Documents or the obligations of the Borrower hereunder or thereunder, the due and punctual payment and performance of the Loan
Obligations, and that all other obligations of the Borrower to the Senior Credit Parties or the Administrative Agent under the Loan Documents shall be promptly paid in full or performed, all in accordance with the terms thereof. Failing payment when
due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors and the New Guarantor shall be jointly and severally obligated to pay the same immediately. This is a guarantee of payment and not a guarantee of
collection. 
 (b) The obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Loan
Documents, the absence of any action to enforce the same, any waiver or consent by any Senior Credit Party with respect to any provisions hereof or thereof, the recovery of any judgment against the Borrower, any action to enforce the same or any
other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. 

  
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 (c) The following is hereby waived: diligence, presentment, demand of payment, filing of claims
with a court in the event of insolvency or bankruptcy of the Borrower, any right to require a proceeding first against the Borrower, protest, notice and all demands whatsoever. 

(d) The obligations of the New Guarantor hereunder shall not be discharged except by complete performance of the obligations contained in the
Guaranty, the Loan Documents and this Guaranty Supplement and the New Guarantor accepts all obligations of a Guarantor under the Guaranty. 

(e) If any Senior Credit Party or the Administrative Agent is required by any court or otherwise to return to the Borrower, the Guarantors
(including the New Guarantor), or any custodian, trustee, liquidator or other similar official acting in relation to either the Borrower or the Guarantors, any amount paid either to the Administrative Agent or such Senior Credit Party, this
Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 
 (f) The New Guarantor shall not be
entitled to any right of subrogation in relation to the Senior Credit Parties in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. 

(g) As between the New Guarantor, on the one hand, and the Senior Credit Parties and the Administrative Agent, on the other hand, (x) the
maturity of the obligations guaranteed hereby may be accelerated as provided in Article VIII of the Credit Agreement for the purposes of the obligations of the New Guarantor hereunder, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article VIII of the Credit Agreement, such obligations (whether or not due
and payable) shall forthwith become due and payable by the New Guarantor for the purpose of the obligations of the New Guarantor hereunder. 

(h) The New Guarantor shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not
impair the rights of the Senior Credit Parties under this Guarantee. 
 (i) Pursuant to Section 2.3(d) of the Guaranty, after giving
effect to all other contingent and fixed liabilities that are relevant under any applicable Bankruptcy Law or fraudulent conveyance laws and after giving effect to any collections from, rights to receive contribution from or payments made by or on
behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guaranty, this new Guarantee shall be limited to the maximum amount permissible such that the obligations of such New Guarantor under this Guarantee shall
not constitute a fraudulent transfer or conveyance. 
 (j) This Guarantee shall remain in full force and effect and continue to be effective
should any petition be filed by or against the Borrower for liquidation, reorganization, should the Borrower become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant
part of the Borrower’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Loan Obligations are, pursuant to applicable law,
rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Loan Obligations and Guarantee, whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as though such payment or
performance had not been made. In the event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Loan Obligations shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount
paid and not so rescinded, reduced, restored or returned. 

  
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 (k) In case any provision of this Guaranty Supplement shall be invalid, illegal or unenforceable,
the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 (l) The
obligations of the New Guarantor hereunder shall be a general senior obligation of such New Guarantor, ranking pari passu with any other future Senior Indebtedness of the New Guarantor, if any, and senior in right of payment to all existing
and future Subordinated Indebtedness of the New Guarantor. 
 (m) Each payment to be made by the New Guarantor in respect of this Guarantee
shall be made without set-off, counterclaim, reduction or diminution of any kind or nature. 
 SECTION 2. Representations and
Warranties. The New Guarantor represents and warrants to the Administrative Agent and the other Senior Credit Parties that this Guaranty Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and
binding obligation, enforceable against it in accordance with its terms. 
 SECTION 3. Execution and Delivery. 

(a) This Guaranty Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract. This Guaranty Supplement shall become effective when the Administrative Agent shall have received a counterpart of this Guaranty Supplement that bears
the signature of the New Guarantor and the Administrative Agent has executed a counterpart hereof. Delivery of an executed signature page to this Guaranty Supplement by facsimile transmission or other electronic communication shall be as effective
as delivery of a manually signed counterpart of this Guaranty Supplement. 
 (b) The New Guarantor agrees that the Guarantee shall remain in
full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee. 
 SECTION 4. Merger,
Consolidation or Sale of All or Substantially All Assets. 
 (a) Except as otherwise provided in Section 7.04(c) of the Credit
Agreement, the New Guarantor shall not consolidate or merge with or into or wind up into (whether or not such New Guarantor is the surviving corporation), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of
its properties or assets, in one or more related transactions, to any Person unless: 
 (i) (A) such New Guarantor is
the surviving entity or the Person formed by or surviving any such consolidation or merger (if other than such New Guarantor) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a corporation,
partnership, trust or limited liability company organized or existing under the laws of the jurisdiction of organization of such New Guarantor, as the case may be, or the laws of the United States, any state thereof, the District of Columbia, or any
territory thereof (such New Guarantor or such Person, as the case may be, being herein called the “Successor Person”); 

(B) the Successor Person, if other than such New Guarantor, expressly assumes all the obligations of such New Guarantor under
the Guaranty or other documents or instruments in a form reasonably satisfactory to the Administrative Agent; 
 (C)
immediately after such transaction, no Default or Event of Default exists; and 
 (D) the Borrower shall have delivered to
the Administrative Agent an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental documents, if any, comply with the Guaranty. 

  
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 (b) Subject to certain limitations described in the Guaranty, the Successor Person shall succeed
to, and be substituted for, such New Guarantor under the Guaranty and the New Guarantor’s Guarantee. Notwithstanding the foregoing, such New Guarantor may (i) merge or consolidate with or into, wind up into or transfer all or part of its
properties and assets to another Subsidiary Guarantor or the Borrower, (ii) merge with an Affiliate of the Borrower solely for the purpose of reincorporating the Guarantor in the United States, any state thereof, the District of Columbia or any
territory thereof or (iii) convert into a corporation, partnership, limited partnership, limited liability company or trust organized under the laws of the jurisdiction of organization of such Guarantor, in each case without regard to the
requirements set forth in Section 7.04(c) of the Credit Agreement. 
 SECTION 5. Releases. The Guarantee of the New Guarantor
shall be automatically and unconditionally released and discharged, and no further action by the New Guarantor, the Borrower or the Administrative Agent is required for the release of the New Guarantor’s Guarantee, upon: 

(1) (A) any sale, exchange or transfer (by merger or otherwise) of the Capital Stock of such New Guarantor, after which
the applicable New Guarantor is no longer a Restricted Subsidiary, if such sale, exchange or transfer is made in compliance with the applicable provisions of the Credit Agreement; 

(B) the release or discharge of the guarantee by such New Guarantor of the Indebtedness that resulted in the creation of such
Guarantee, except a discharge or release by or as a result of payment under such guarantee; or 
 (C) the proper designation
of any Restricted Subsidiary that is a Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with Section 7.06 of the Credit Agreement and the definition of “Unrestricted Subsidiary” in Section 1.01 thereof; and 

(2) such New Guarantor delivering to the Administrative Agent an Officer’s Certificate and an Opinion of Counsel, each
stating that all conditions precedent provided for in the Guaranty relating to such transaction have been complied with. 
 SECTION 6. No
Recourse Against Others. No director, officer, employee, incorporator or stockholder of the New Guarantor shall have any liability for any obligations of the Borrower or the Guarantors (including the New Guarantor) under the Loan Documents or
for any claim based on, in respect of, or by reason of such obligations or their creation. Each Senior Credit Party waives and releases all such liability. The waiver and release are part of the consideration for the Loans. 

SECTION 7. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. THIS GUARANTY SUPPLEMENT WILL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 8. Counterparts. The parties may sign any number of copies of this
Guaranty Supplement. Each signed copy shall be an original, but all of them together represent the same agreement. 
 SECTION 9. Effect
of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof. 

  
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 SECTION 10. Administrative Agent. The Administrative Agent shall not be responsible in any
manner whatsoever for or in respect of the validity or sufficiency of this Guaranty Supplement or for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantor. 

SECTION 11. Subrogation. The New Guarantor shall be subrogated to all rights of the Senior Credit Parties against the Borrower in
respect of any amounts paid by the New Guarantor pursuant to the provisions of Section 1 hereof and Section 2.5 of the Guaranty; provided that, if an Event of Default has occurred and is continuing, the New Guarantor shall not be
entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Borrower under the Loan Documents shall have been paid in full. 

SECTION 13. Benefits Acknowledged. The New Guarantor’s Guarantee is subject to the terms and conditions set forth in the Credit
Agreement. The New Guarantor acknowledges that it shall receive direct and indirect benefits from the financing arrangements contemplated by the Credit Agreement and this Guaranty Supplement and that the guarantee and waivers made by it pursuant to
this Guarantee are knowingly made in contemplation of such benefits. 
 SECTION 14. Successors. All agreements of the New Guarantor
in this Guaranty Supplement shall bind its Successors, except as otherwise provided in Section 2(k) hereof or elsewhere in this Guaranty Supplement. All agreements of the Administrative Agent in this Guaranty Supplement shall bind their
respective successors. 
 [Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have duly executed this Guaranty Supplement as of the date
first above written. 
  

			
	[NEW GUARANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	CITICORP NORTH AMERICA, INC.,
	as Administrative Agent
		
	By:	 	  

		 	Name:
		 	Title:EX-10.4

 Exhibit 10.4 

AMENDMENT NO. 1 
 This
Amendment No. 1 (this “Amendment”), dated as of November 26, 2013 is entered into among Scorpio Acquisition Corporation, a Delaware corporation (“Holdings”), Polymer Group, Inc., a Delaware corporation
(the “Lead Borrower” or the “Company”), the other Borrowers party hereto, the Incremental Lenders (as defined below) signatory hereto (in their capacities as such), the Lenders party hereto (in their capacities as
such) and Citibank, N.A., in its capacity as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and collateral agent for the Lenders (in such capacity, the “Collateral Agent”) and in
its capacity as L/C Issuer and Swing Line Lender. This Amendment amends that certain Amended and Restated Credit Agreement dated as of October 5, 2012 (as amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”) entered into among Holdings, the Lead Borrower, the other Borrowers party thereto, the institutions from time to time party thereto as Lenders (the “Lenders”), the Administrative Agent, and the other parties
named therein. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 

W I T N E S S E T H: 
 WHEREAS,
on September 17, 2013, the Lead Borrower agreed to acquire (the “Target Acquisition”) all of the issued and unconditionally allotted share capital in Fiberweb plc, a public limited company incorporated under the laws of England
and Wales (the “Target”) and any further shares in the capital of the Target which may be issued or unconditionally allotted pursuant to the exercise of any outstanding subscriptions or conversion rights or otherwise together with
all related rights pursuant to a scheme of arrangement which became effective on November 15, 2013 (the “Scheme”). Target owns directly or indirectly all of the Capital Stock of Fiberweb Holdings, Inc., a Delaware corporation
and all of its U.S. Subsidiaries (collectively, the “Target Subsidiary Guarantors”), and the Target Subsidiary Guarantors shall be subsidiaries of the Lead Borrower after giving effect to the Target Acquisition. 

WHEREAS, Section 2.14 of the Credit Agreement provides that the Lead Borrower may from time to time request a Facility Increase, subject
to the terms and conditions set forth therein; 
 WHEREAS, each Person identified on Schedule 1 hereto (each, an “Incremental
Lender”, and collectively, the “Incremental Lenders”) has agreed (on a several and not a joint basis), subject to the terms and conditions set forth herein and in the Credit Agreement, to provide a Facility Increase in the
amount set forth opposite such Incremental Lender’s name on Schedule 1 hereto (and (i) the total amount of Facility Increases made pursuant to this Amendment shall be $30,000,000 and (ii) the amount of an Incremental
Lender’s Facility Increase shall be the amount so set forth opposite such Incremental Lender on Schedule 1 hereto); and 
 WHEREAS,
Section 10.01 of the Credit Agreement permits certain amendments of the Credit Agreement and the Tranche 1 Borrowing Base with the consent of the Tranche 1 Supermajority Lenders, Administrative Agent and the Loan Parties. 

 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration
(the receipt and sufficiency of which are hereby acknowledged), the parties hereto hereby agree as follows: 
  

	 	Section 1.	Incremental Amendment. 

 The Borrowers and each Incremental Lender hereby agree
that, subject to the satisfaction of the conditions in Section 4 hereof, on the Amendment No. 1 Effective Date, the Facility Increase of such Incremental Lender shall become effective and the Tranche 1 Revolving Credit Commitments shall be
deemed increased by the aggregate amount of the Facility Increases of such Incremental Lenders. Subject to Sections 4 and 16 hereof, this Amendment shall become effective on the date on which the conditions set forth in Section 4 shall have
been satisfied (the “Amendment No.1 Effective Date”). The Revolving Credit Commitments pursuant to the Facility Increases hereunder shall be “Tranche 1 Revolving Credit Commitments” for all purposes under each of the Loan
Documents from and after the Amendment No. 1 Effective Date. The Incremental Lenders shall be deemed to be “Tranche 1 Revolving Credit Lenders” under each of the Loan Documents from and after the Amendment No. 1 Effective Date.
For the avoidance of doubt, upon and subject to the occurrence of the Amendment No. 1 Effective Date and after giving effect to the Facility Increases hereunder, the Lead Borrower shall be permitted to request additional Facility Increases
pursuant to Section 2.14 of the Credit Agreement in an amount not to exceed $75,000,000 in the aggregate, subject to the terms and conditions set forth in the Credit Agreement applicable to Facility Increases and the Lead Borrower may make a
maximum of four (4) such additional requests. The Borrowers will use the proceeds of the Facility Increases for general corporate purposes. The Borrower will not use such proceeds to finance the Target Acquisition or to pay any fees, expenses
or other amounts in connection therewith. 
  

	 	Section 2.	Amendments to the Credit Agreement. 

 On the Amendment No. 1 Effective Date,
the Credit Agreement is hereby amended as follows: 
 (a) Section 1.01 of the Credit Agreement is hereby amended by inserting the
following definitions in appropriate alphabetical order as follows: 
 (i) ““Amendment No. 1”
means Amendment No. 1 to this Agreement, dated as of November 26, 2013, by and among the Borrowers, the Administrative Agent, the Swing Line Lender, the L/C Issuer, the Incremental Lenders party thereto and the Lenders under this Agreement
comprising at least the Tranche 1 Supermajority Lenders.” 
 (ii) ““Amendment No. 1 Effective
Date” means the first Business Day on which each of the conditions precedent set forth in Section 4 of Amendment No. 1 have been satisfied.” 

(iii) ““Amendment No. 1 End Date” January 31, 2014. 

(iv) ““Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), as
amended from time to time, and any successor statute.” 
 (v) ““Excluded Swap Obligation” means,
with respect to any Guarantor, (a) any Swap Obligation if, and to the extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guaranty
thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation, or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) (i) by virtue of such Guarantor’s
failure to constitute an “eligible contract participant,” as defined in the Commodity Exchange Act and the regulations thereunder (determined after giving effect to Section 2.7 of the Guaranty and any other applicable keepwell,
support, or other agreement for the benefit of such Guarantor and any and all applicable guarantees of such 

  
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Guarantor’s Swap Obligations by other Loan Parties), at the time the guarantee of (or grant of such security interest by, as applicable) such Guarantor becomes or would become effective with
respect to such Swap Obligation or (ii) in the case of a Swap Obligation that is subject to a clearing requirement pursuant to section 2(h) of the Commodity Exchange Act, because such Guarantor is a “financial entity,” as defined in
section 2(h)(7)(C) of the Commodity Exchange Act, at the time the guarantee of (or grant of such security interest by, as applicable) such Guarantor becomes or would become effective with respect to such Swap Obligation or (b) any other Swap
Obligation designated as an “Excluded Swap Obligation” of such Guarantor as specified in any agreement between the relevant Loan Parties and Hedge Bank applicable to such Swap Obligations. If a Swap Obligation arises under a master
agreement governing more than one Swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to the Swap for which such guarantee or security interest is or becomes excluded in accordance with the first
sentence of this definition.” 
 (vi) ““Swap” means, any agreement, contract, or transaction that
constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.” 
 (vii)
““Target Subsidiary Guarantor Audit Date” shall have the meaning assigned to such term in the definition of Tranche 1 Borrowing Base.” 

(b) The definition of “Cash Dominion Event” set forth in Section 1.01 of the Credit Agreement is hereby amended by
replacing the amount $7,500,000 in both instances that it appears with the amount $10,000,000. 
 (c) The definition of “Finance
Obligations” set forth in Section 1.01 of the Credit Agreement is hereby amended by inserting the following sentence at the end thereof: 

“Notwithstanding the foregoing, Finance Obligations of any Guarantor shall in no event include any Excluded Swap Obligations of such
Guarantor.” 
 (d) The definition of “Tranche 1 Borrowing Base” set forth in Section 1.01 of the Credit Agreement
is hereby amended by inserting the following sentence at the end thereof: 
 “Notwithstanding anything to the contrary herein, with
respect to the assets of the Target Subsidiary Guarantors, prior to the completion of a satisfactory customary audit by the Administrative Agent (the date that the Administrative Agent notified the Lead Borrower and the Lenders in writing of the
completion of such audit (which audit shall be satisfactory to the Administrative Agent) shall be referred to as the “Target Subsidiary Guarantor Audit Date”) of assets of the Target Subsidiary Guarantors that could constitute
Collateral (A) the amounts in clauses (i) and (ii) of this definition of Tranche 1 Borrowing Base shall not include any Eligible Accounts of the Target Subsidiary Guarantors or any Eligible Inventory of the Target Subsidiary
Guarantors but (B) from and after the Amendment No. 1 Effective Date to but excluding the Target Subsidiary Guarantor Audit Date, the Tranche 1 Borrowing Base shall be increased by 50% of the book value of the accounts receivable of the
Target Subsidiary Guarantors and 25% of the book value of the inventory of the Target Subsidiary Guarantors, in each case in this clause (B) to the extent the book value of such accounts receivable and inventory is set forth on the most recent
Borrowing Base Certificate delivered to the Administrative Agent in a form reasonably agreed to by the Lead Borrower and the Administrative Agent.” 

(e) The definition of “Uncontrolled Cash” set forth in Section 1.01 of the Credit Agreement is hereby amended by
replacing the amount $7,500,000 with the amount $10,000,000. 

  
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 (f) Section 2.14(a) of the Credit Agreement is hereby amended by deleting
“$20,000,000” and replacing it with “$75,000,000 (it being understood that such $75,000,000 amount shall be in addition to the $30,000,000 of Facility Increases made on the Amendment No. 1 Effective Date, such that the total
amount of the Facility Increase since the Closing Date may be no greater than $105,000,000)”. 
 (g) Section 6.11(a)(i)(B) of the
Credit Agreement is hereby amended by replacing the word “Borrower” with the word “Guarantor”. 
 (h)
Section 6.13(c) of the Credit Agreement is hereby amended by inserting the following clause at the end thereof: 
 “provided,
further, that for the avoidance of doubt, with respect to such assets of the Target Subsidiary Guarantors acquired in connection with the Target Acquisition, such assets may constitute Eligible Accounts and Eligible Inventory so long as the
Target Subsidiary Guarantor Audit Date shall have occurred within 60 days of the Amendment No. 1 Effective Date (it being agreed that such 60 days period may be extended by an additional 15 days by the Administrative Agent’s in its sole
discretion).” 
 (i) Section 6.17 of the Credit Agreement is hereby amended by replacing the amount $7,500,000 in both instances
that it appears with the amount $10,000,000. 
 (j) Section 7.06 of Credit Agreement shall be amended to add, immediately after the
words “calculated on a Pro Forma Basis” appearing in such Section 7.06, the following: “but when calculating the Consolidated Fixed Charge Coverage Ratio at any date for the purposes of this Section 7.06 only, not including
any Restricted Payments made on such date referred to in clause (E) of the definition of Consolidated Fixed Charge Coverage Ratio to the extent such Restricted Payments are funded with cash contributions to the Lead Borrower (other than from a
Subsidiary of Lead Borrower) or from a Permitted Equity Issuance (to the extent the cash proceeds thereof are contributed to Lead Borrower)” 
  

	 	Section 3.	Amendments to the Guaranty. 

 Effective upon the satisfaction of the conditions
set forth in Section 4 of this Amendment, the Guaranty is hereby amended as follows: 
 (a) Section 1.2 of the Guaranty is hereby
amended by inserting the following definitions in appropriate alphabetical order as follows: 
 (i) ““Qualified
ECP Guarantor” means, in respect of any Swap Obligation, each Guarantor that, at the time the relevant Guaranty (or grant of the relevant security interest, as applicable) becomes or would become effective with respect to such Swap
Obligation, has total assets exceeding $10,000,000 or otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act and which may cause another person to qualify as an “eligible contract participant”
with respect to such Swap Obligation at such time by entering into a keepwell pursuant to § 1a(18)(A)(v)(II) of the Commodity Exchange Act.” 

(ii) ““Specified Guarantor” means any Guarantor that is not an “eligible contract participant”
under the Commodity Exchange Act (determined prior to giving effect to Section 11.12).” 

  
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 (b) Article II of the Guaranty is hereby amended by inserting the following new Section 2.7:

  

	 	“Section 2.7	Keepwell 

 Each Qualified ECP Guarantor hereby jointly and severally,
absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Guarantor as may be needed by such Specified Guarantor from time to time to honor all of its obligations under its Guaranty and the other
Loan Documents in respect of any Swap Obligation (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 2.7 for up to the maximum amount of such liability that can be hereby incurred without
rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 2.7 voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and
undertakings of each Qualified ECP Guarantor under this Section 2.7 shall remain in full force and effect until the Finance Obligations have been indefeasibly paid and performed in full and all Revolving Credit Commitments have been terminated.
Each Qualified ECP Guarantor intends that this Section 2.7 constitute, and this Section 2.7 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Specified Guarantor for all purposes of
§ 1a(18)(A)(v)(II) of the Commodity Exchange Act.” 
 (c) Article II of the Guaranty is hereby amended by inserting the
following new Section 2.8: 
  

	 	“Section 2.8	Excluded Swap Obligations Limitation 

 Notwithstanding anything in this
Article II to the contrary, no Guarantor shall be required to make any payment pursuant to this Guaranty to any party, and the right of set-off provided in Section 10.08 of the Credit Agreement shall not apply with respect to any Guarantor, in
each case, with respect to Excluded Swap Obligations, if any, of such Guarantor.” 
  

	 	Section 4.	Conditions Precedent to the Effectiveness of this Amendment. 

 This Amendment
shall become effective as of the date when, and only when, the following conditions precedent have been satisfied: 
 (a) Administrative
Agent shall have received counterparts of this Amendment duly executed by (1) each Borrower, (2) each Guarantor, (3) the Administrative Agent, (4) the L/C Issuer, (5) the Swing Line Lender, (6) the Incremental Lenders
and (7) Lenders consenting hereto (each such Lender, a “Consenting Lender”) constituting the Tranche 1 Supermajority Lenders. 

(b) Before and after giving effect to the Facility Increases contemplated hereby, (i) the conditions of Section 4.02(a) and
(b) of the Credit Agreement shall be satisfied (it being understood that all references to “the date of such Credit Extension” or similar language in such Section 4.02(a) and (b) shall be deemed to refer to the Amendment
No. 1 Effective Date) and (ii) the Borrowers shall be in compliance with Section 2.14 of the Credit Agreement. 
 (c) The
Borrower shall have paid to the Administrative Agent all unpaid fees and expenses owing in connection with this Amendment (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with
respect thereto). 
 (d) The Administrative Agent shall have received the executed legal opinion of Simpson Thacher & Bartlett LLP,
counsel to the Loan Parties, and such local counsel opinions with respect to Subsidiary Guarantors not incorporated in Delaware or New York as the Administrative Agent may require, each in form and substance reasonably satisfactory to the
Administrative Agent. 

  
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 (e) The Administrative Agent shall have received (i) a copy of the certificate or articles
of incorporation or organization, including all amendments thereto, of each Loan Party, certified, if applicable, as of a date near the Amendment No. 1 Effective Date by the Secretary of State of the state of its organization, and a certificate
as to the good standing (where relevant) of each Loan Party as of a recent date, from such Secretary of State or similar Governmental Authority or certifying that such articles of incorporation or organization previously delivered has not changed
since September 17, 2013 and (ii) a certificate of a duly authorized officer of each Loan Party dated the Amendment No. 1 Effective Date and certifying (A) that attached thereto is a true and complete copy of the by-laws or
operating (or limited liability company) agreement of such Loan Party as in effect on the Amendment No. 1 Effective Date or certifying that such by-laws or operating (or limited liability company) agreement previously delivered has not changed
since September 17, 2013, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors (or equivalent governing body) of such Loan Party authorizing the execution, delivery and performance of
this Amendment and, in the case of the Borrowers, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, and (C) as to the incumbency and specimen signature of each
officer executing the Amendment on behalf of such Loan Party and countersigned by another officer as to the incumbency and specimen signature of a duly authorized officer executing the certificate pursuant to clause (ii) above. 

(f) The Administrative Agent shall have received a certificate of an authorized officer of the Lead Borrower dated the Amendment No. 1
Effective Date certifying that each of the conditions in Section 4.02 of the Credit Agreement have been satisfied as of the Amendment No.1 Effective Date; provided that each reference to the Credit Agreement therein shall be deemed to be
a reference to the Credit Agreement after giving effect to this Amendment. 
 (g) The Target Acquisition shall have been consummated, or
shall be consummated substantially concurrently with or prior to the Amendment No. 1 Effective Date, on the terms set forth in the Scheme, without giving effect to any waiver, amendment or consent thereunder that could be materially adverse to
the Lenders in their capacities as such, and the Target and the Target Subsidiary Guarantors shall have become (or shall simultaneously with the effectiveness of this Amendment become) Subsidiaries of the Lead Borrower. 

(h) Subject to the Intercreditor Agreement, the Administrative Agent shall have received all certificates representing all Equity Interests of
the Target Subsidiary Guarantors, together with executed and undated stock powers and/or assignments in blank pursuant to and as required by the Collateral and Guarantee Requirement required to be satisfied as of the Amendment No. 1 Effective
Date, including to (i) become Loan Parties by executing and delivering (or supplements or joinder agreements thereto) the Credit Agreement, the Guaranty and the applicable Collateral Documents and (ii) grant a perfected Lien to the
Administrative Agent on such Person’s assets on the same types of assets which constitute Collateral under the Collateral Documents to secure the Finance Obligations; provided that in the case of each Material Real Property owned by the
Target Subsidiary Guarantors, the Lead Borrower shall cause the Target Subsidiary Guarantors to comply with the requirements of Section 6.11 of the Credit Agreement. All other actions under Section 6.11 and the Collateral and Guarantee
Requirement that are required due to the occurrence of the Target Acquisition shall have also been taken. 

  
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 (i) The Administrative Agent shall have received results of searches or other evidence reasonably
satisfactory to the Agent (in each case dated as of a date reasonably satisfactory to the Administrative Agent) indicating the absence of Liens on the assets of the Loan Parties, except for Permitted Liens. 

(j) The Administrative Agent shall have received Uniform Commercial Code financing statements required by Law or reasonably requested by the
Administrative Agent to be filed, registered or recorded to create or perfect the first priority Liens intended to be created under the Loan Documents with respect to the Target Subsidiary Guarantors and all such documents and instruments shall have
been (or have been authorized by the Target Subsidiary Guarantors to be) so filed, registered or recorded to the satisfaction of the Administrative Agent. 

(k) The Administrative Agent shall have received at least three (3) Business Days prior to the Amendment No. 1 Effective Date all
documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT Act, that has been reasonably requested
by the Lenders at least 10 days prior to the Amendment No. 1 Effective Date. 
 (l) The Administrative Agent shall have received a
Perfection Certificate from the Lead Borrower and the Target Subsidiary Guarantors with respect to the Target Subsidiary Guarantors. 
 (m)
The Administrative Agent shall have received a completed “life-of-loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Material Real Property (and with respect to any Material Real Property
that is located within a special flood zone (y) a notice about special flood hazard area status and flood disaster assistance duly executed by the Lead Borrower and each other applicable Borrower or Guarantor relating thereto and
(z) evidence of insurance with respect to such Material Real Property in form and substance reasonably satisfactory to the Administrative Agent). 

(n) Each of the conditions set forth in this Section 4 shall have been satisfied prior to 5:00 p.m., New York City time, on the Amendment
No. 1 End Date (as defined in the Credit Agreement as amended by this Amendment). 
 (o) No Loan Document shall have been amended,
waived, consented to or otherwise changed from and after the date hereof without the written consent of each Incremental Lender. 
 (p) The
Lead Borrower shall have given the Administrative Agent, the Lenders and the Incremental Lenders at least two Business Days’ prior written notice of the occurrence of the Amendment No. 1 Effective Date. 

 

	 	Section 5.	Representations and Warranties. 

 On and as of the Amendment No. 1 Effective
Date, after giving effect to this Amendment, the Borrowers jointly and severally hereby represent and warrant to the Administrative Agent and the Lenders as follows: 

(a) The execution, delivery and performance by each Loan Party of this Amendment (a) has been duly authorized by all necessary corporate
or other organizational action, and (b) does not (i) contravene the terms of any of such Loan Party’s Organization Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under
(other than as permitted 

  
 -7- 

 
by Section 7.01 of the Credit Agreement), or require any payment to be made under (x) any Contractual Obligation to which such Loan Party is a party or affecting such Loan Party or the
properties of such Loan Party or any of its Subsidiaries or (y) any material order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Loan Party or its property is subject; or (iii) violate any
Law; except with respect to any conflict, breach or contravention or payment (but not creation of Liens) referred to in clauses (ii) and (iii), to the extent that such violation, conflict, breach, contravention or payment could not reasonably
be expected to have a Material Adverse Effect; 
 (b) No material approval, consent, exemption, authorization, or other action by, or notice
to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Amendment, except for (i) those approvals,
consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make could not reasonably be expected to have a Material Adverse Effect or (ii) the approvals, consents, exemptions, authorizations,
actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect (except to the extent not required to be obtained, taken, given or made or in full force and effect pursuant to the Collateral and
Guarantee Requirement); 
 (c) This Amendment has been duly executed and delivered by each Loan Party that is a party hereto. This Agreement
and each other Loan Document (as amended hereby) constitute a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is a party thereto in accordance with its terms, except as such enforceability may be
limited by (i) Debtor Relief Laws and by general principles of equity and by a covenant of good faith and fair dealing and (ii) the need for filings and registrations necessary to create or perfect the Liens on the Collateral granted by
the Loan Parties in favor of the Secured Parties and (iii) the effect of foreign Laws, rules and regulations as they relate to pledges of Equity Interests in Foreign Subsidiaries. 

 

	 	Section 6.	Reallocation.  

 At least three Business Days prior to the
Amendment No. 1 Effective Date, the Administrative Agent shall have notified the Lenders of any prepayments of Loans and any reallocations of participations in Letters of Credit or Swing Line Loans shall occur on the Amendment No. 1
Effective Date in order to accommodate the Facility Increases contemplated by this Amendment. 
  

	 	Section 7.	Post-Closing Requirements. 

 (a) Within 90 days after the Amendment No. 1
Effective Date (or such later date as the Administrative Agent may agree in its sole discretion), the Lead Borrower shall, or shall cause the applicable Guarantor to, enter into an amendment to the Mortgages encumbering the Material Real Properties,
in form reasonably acceptable to the Administrative Agent and Collateral Agent, together, in each case, with opinions of counsel with respect thereto and date-down or modification endorsement, or other title product where such an endorsement is
unavailable, to the title policy insuring such Mortgage. 
 (b) Within 60 days after the Amendment No. 1 Effective Date (or such later
date as the Administrative Agent may agree in its discretion), the Lead Borrower shall, or shall 

  
 -8- 

 
cause the applicable Guarantor to, deliver all Deposit Account Control Agreements with respect to any of the Target Subsidiary Guarantors required to be delivered pursuant to the terms of any
Loan Document. 
  

	 	Section 8.	Reference to and Effect on the Loan Documents. 

 (a) As of the Amendment
No. 1 Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Loan Documents to the Credit
Agreement (including, without limitation, by means of words like “thereunder,” “thereof” and words of like import), shall mean and be a reference to the Credit Agreement as amended hereby, and this Amendment and the Credit
Agreement shall be read together and construed as a single instrument. Each of the table of contents and lists of Exhibits and Schedules of the Credit Agreement shall be amended to reflect the changes made in this Amendment as of the Amendment
No. 1 Effective Date. 
 (b) Except as expressly amended hereby or specifically waived above, all of the terms and provisions of the
Credit Agreement and all other Loan Documents are and shall remain in full force and effect and are hereby ratified and confirmed. 
 (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 the Lenders, the Lead Borrower or the Administrative Agent under any of the Loan Documents,
nor constitute a waiver or amendment of any other provision of any of the Loan Documents or for any purpose except as expressly set forth herein. 

(d) This Amendment shall constitute a Loan Document under the terms of the Credit Agreement. 

 

	 	Section 9.	Acknowledgement and Reaffirmation of Guarantors. 

 The Guarantors acknowledge and
consent to all terms and conditions of this Amendment and agree that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge the Guarantors’ obligations under the Loan Documents. Each Guarantor
hereby ratifies and confirms its obligations under the Loan Documents, including the Collateral and Guarantee Requirement of the Credit Agreement and including, without limitation, its guarantee of the Finance Obligations and its grant of the
security interest in the Collateral (as defined in the Security Agreement) to secure the Finance Obligations (including any Finance Obligations resulting from the Facility Increases contemplated hereby). 

 

	 	Section 10.	Costs and Expenses. 

 (a) The Borrower shall have paid to the Administrative Agent
on the date hereof, for the account of each Incremental Lender, a fee equal to 0.25% of the amount of the Facility Increase of such Incremental Lender as listed on Schedule 1 hereto. 

(b) The Lead Borrower agrees to pay all reasonable out-of-pocket costs and expenses of the Administrative Agent in connection with the
preparation, reproduction, execution and delivery of this Amendment (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect thereto). 

  
 -9- 

	 	Section 11.	Execution in Counterparts. 

 This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier of an executed counterpart of a signature page to this Amendment shall be effective as delivery
of an original executed counterpart of this Amendment. The Administrative Agent may also require that any such documents and signatures delivered by telecopier be confirmed by a manually signed original thereof; provided that the failure to
request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier. 
  

	 	Section 12.	Approval. 

 To the extent required by the Credit Agreement, the Administrative
Agent, the Swing Line Lender and the L/C Issuer hereby consent to the provision by the Incremental Lenders providing Facility Increases pursuant to the Amendment. 
  

	 	Section 13.	Governing Law. 

 THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. ANY LEGAL ACTION OR PROCEEDING ARISING UNDER THIS AMENDMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AMENDMENT,
OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY (BOROUGH OF MANHATTAN) OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT
OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AMENDMENT, EACH LOAN PARTY, THE ADMINISTRATIVE AGENT, THE SWING LINE LENDER, THE L/C ISSUER AND EACH LENDER, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE
COURTS AND AGREES THAT IT WILL NOT COMMENCE OR SUPPORT ANY SUCH ACTION OR PROCEEDING IN ANOTHER JURISDICTION. EACH LOAN PARTY, THE ADMINISTRATIVE AGENT, THE SWING LINE LENDER, THE L/C ISSUER AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION,
INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AMENDMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT IN THE MANNER PROVIDED FOR NOTICES (OTHER THAN TELECOPIER) IN SECTION 10.02 OF THE CREDIT
AGREEMENT. NOTHING IN THIS AMENDMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
  

	 	Section 14.	Notices. 

 All communications and notices hereunder shall be given as provided in
Section 10.02 of the Credit Agreement. 

  
 -10- 

	 	Section 15.	Waiver of Jury Trial. 

 EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

 

	 	Section 16.	Termination. 

 This Amendment shall automatically terminate and all Facility
Increases referred to herein at 5:00 p.m., New York City time, on the Amendment No. 1 End Date if the conditions set forth in Section 4 shall not have been satisfied prior to such time. Notwithstanding anything contained herein, for the
avoidance of doubt, none of the amendments made herein or any Facility Increases of the Incremental Lenders referred to herein shall become effective unless the Amendment No. 1 Effective Date shall have occurred on the terms set forth herein.

 [Signature pages follow.] 

  
 -11- 

 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first written above. 
  

					
	SCORPIO ACQUISITION CORPORATION, as Holdings
		
	By:	 	 /s/ Anjan Mukherjee

		 	Name:	 	Anjan Mukherjee
		 	Title:	 	President and Secretary
	
	POLYMER GROUP, INC., as Lead Borrower
		
	By:	 	 /s/ Dennis E. Norman

		 	Name:	 	Dennis E. Norman
		 	Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	CHICOPEE, INC.
	DOMINION TEXTILE (USA), L.L.C.
	FABRENE, L.L.C.
	PGI EUROPE, INC.
	 PGI POLYMER, INC.,
 as
Borrowers

		
	By:	 	 /s/ Dennis E. Norman

		 	Name:	 	Dennis E. Norman
		 	Title:	 	Chief Financial Officer

 
					
	CITIBANK, N.A., as Administrative Agent and Collateral Agent
		
	By:	 	 /s/ Michael Smolow

		 	Name:	 	Michael Smolow
		 	Title:	 	Director
	
	CITIBANK, N.A., as Swing Line Lender, L/C Issuer and as an Incremental Lender and Consenting Lender
		
	By:	 	 /s/ Michael Smolow

		 	Name:	 	Michael Smolow
		 	Title:	 	Director

 
					
	BARCLAYS BANK PLC,
	as an Incremental Lender and Consenting Lender
		
	By:	 	 /s/ Joseph Jordan

		 	Name:	 	Joseph Jordan
		 	Title:	 	Managing Director

 
					
	 MORGAN STANLEY SENIOR FUNDING, INC.,

as a Consenting Lender

		
	By:	 	 /s/ Dmitriy Barskiy

		 	Name:	 	Dmitriy Barskiy
		 	Title:	 	Authorized Signatory

 
					
		 	 MORGAN STANLEY BANK, N.A.,

		 	 as a Consenting Lender

		
	By:	 	 /s/ Dmitriy Barskiy

		 	Name:	 	Dmitriy Barskiy
		 	Title:	 	Authorized Signatory

 
					
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as an Incremental Lender

		
	By:	 	 /s/ Kirk J. Vogel

		 	Name:	 	Kirk J. Vogel
		 	Title:	 	Senior Vice President

 
					
	ROYAL BANK OF CANADA,
	as an Incremental Lender and Consenting Lender
		
	By:	 	 /s/ Felix Mednikov

		 	Name:	 	Felix Mednikov
		 	Title:	 	Attorney in Fact
		
	By:	 	 /s/ Robert Kizell

		 	Name:	 	Robert Kizell
		 	Title:	 	Attorney in Fact

 Schedule 1 

Facility Increases 
  

					
	 Incremental Lender
	  	Facility Increase	 
	 Citibank, N.A.
	  	$	12,000,000	  
	 Barclays Bank PLC
	  	$	12,000,000	  
	 HSBC Bank USA, National Association
	  	$	3,000,000	  
	 Royal Bank of Canada
	  	$	3,000,000	  
		  	  
	  
	 
	 Total
	  	$	30,000,000

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