Document:

Exhibit

Exhibit 10.3 (g)

AMENDMENT NO. 7 TO AMENDED AND RESTATED MASTER ACCOUNTS RECEIVABLE PURCHASE AGREEMENT
This AMENDMENT NO. 7 TO AMENDED AND RESTATED MASTER ACCOUNTS  RECEIVABLE  PURCHASE  AGREEMENT,  dated  as  of  September 19, 2018  (this “Amendment”), is made and entered into by and between Plexus Corp., a Wisconsin corporation (“Plexus”), Plexus Intl. Sales & Logistics, LLC, a Delaware limited liability company (“PISL”), Plexus Manufacturing Sdn. Bhd., a private company limited by shares organized under the laws of Malaysia (“PM”), Plexus Services Ro SRL, a company organized and existing under the laws of Romania. (“Plexus Romania”), Plexus Corp. (UK) Limited, a company organized and existing under the laws of Scotland (“Plexus UK” and together with Plexus, PISL, PM and Plexus Romania, each, a “Seller”, and collectively, the “Sellers”), Plexus, as  Seller Representative and as Guarantor, and MUFG Bank, Ltd. (f/k/a The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch) (the “Purchaser”).
WITNESSETH:
WHEREAS, the Seller Representative, the Sellers, the Guarantor and the Purchaser are parties to that certain Amended and Restated Master Accounts Receivable Purchase Agreement, dated as of December 14, 2016 (as amended, modified or restated from time to time prior to the date hereof, the “Existing Agreement” and as amended by this Amendment, the “MARPA”); and
WHEREAS, the Sellers have requested that the Existing Agreement be amended as set forth below and the Purchaser has agreed to such request.
NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements contained herein, the parties hereto hereby agree as follows:
SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Existing Agreement.
SECTION 2. Amendment. Effective as of the Effective Date (as defined in Section 3 hereof), the Existing Agreement is hereby amended as follows:
(a)    The defined term “Maximum Facility Amount” in Section 1.1 shall be amended by deleting therein the number “$210,000,000” and replacing it with “$230,000,000”.
(b)    Schedule A to the Existing Agreement shall be amended and restated in its entirety to read as set out on Annex A attached to this Amendment.
SECTION 3. Conditions to Effectiveness.  This Amendment shall become effective as of the date on which the Purchaser shall have received, in form and substance satisfactory to it (the “Effective Date”) this Amendment, duly executed by the Sellers, the Seller Representative and the Guarantor.
SECTION 4.  Representations and Warranties; Reaffirmation. 
(a)    Representations and Warranties.  To induce the Purchaser to enter into  this Amendment, each of the Seller Representative and the Sellers hereby represents and warrants to the Purchaser that as of the date hereof, the representations and warranties made by the Sellers in the Existing Agreement are true and correct in all material respects on and as of such date as if made on and as of such 

date (except to the extent such representation or warranty expressly relates to an earlier date, in which case such representation or warranty shall be true and correct in all material respects as of such earlier date).
(b)    Reaffirmation. Each Seller, by its signature below, hereby (i) agrees that, notwithstanding the effectiveness of this Amendment, the MARPA continues to be in full force and effect (as expressly amended hereby) and (ii) affirms and confirms its obligations under each of the Purchase Documents to which it is a party.  On and after the effective date of this Amendment, each reference in the MARPA to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the MARPA and each reference in the other documents referred to in the MARPA, “thereunder”, “thereof” or words of like import referring to the MARPA (as the case may be), shall mean and be a reference to the Purchase Agreement as amended by this Amendment. This Amendment shall constitute a Purchase Document.
(c)    Affirmation and Consent of Guarantor. Guarantor hereby consents to the amendment of the Purchase Agreement made by this Amendment, and hereby affirms and agrees that its unconditional and irrevocable guaranty contained in Section 11.4 of the Purchase Agreement is, and shall continue to be, in full force and effect and is hereby ratified and affirmed in all respects, and that, on and after the effective date of this Amendment, each reference in the Purchase Agreement (including in Section 11.4 thereof) to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Purchase Agreement, shall mean and be a reference to the Purchase Agreement as amended by this Amendment.
SECTION 5. Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts (including by facsimile or electronic transmission of signature pages hereto), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  A facsimile or electronic copy of an executed counterpart of this Amendment shall be effective as an original for all purposes.
SECTION 6. Severability. Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
SECTION 7.   Explicit Acceptance.  Plexus Romania hereby represents that:
(a)    it has reviewed and understood the provisions of this Amendment and it agrees with the terms thereof;
(b)    has independently decided to enter into the Amendment on the basis of its own assessment or, where it has considered necessary, based on the legal, financial or technical expertise of external independent consultants selected by it;
(c)    it is capable of understanding (by itself or assisted by any consultants that it has considered necessary) and understands and accepts the contents of all the (internal and external) clauses and all the rights and obligations it undertakes through this Amendment; and

(d)    each clause of this Amendment has been negotiated by or on behalf of Plexus Romania with the Purchaser or their representatives (for the purpose of this Clause “negotiation” meaning both the exchange of proposals between parties or their representatives which has resulted in a final agreement in relation to certain clauses, and the unconditional acceptance by a party of the clauses proposed by the other party). In particular, Plexus Romania explicitly represents that it understands and accepts each and all unusual standard clauses (as defined by Article 1203 of the Romanian Civil Code, to the extent applicable) in this Amendment and MARPA.
SECTION 8. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

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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 above written.
SELLERS:

PLEXUS CORP.

	
		
	By:
	/s/ Patrick J. Jermain

	Name:
	Patrick J. Jermain

	Title:
	Senior Vice President & Chief Financial Officer

PLEXUS INTL SALES & LOGISTICS, LLC

	
		
	By:
	/s/ Angelo M. Ninivaggi

	Name:
	Angelo M. Ninivaggi

	Title:
	Vice President & Secretary

PLEXUS SERVICES RO SRL

	
		
	By:
	/s/ Angelo M. Ninivaggi

	Name:
	Angelo M. Ninivaggi

	Title:
	Director

	
		
	By:
	/s/ Denis Kerr

	Name:
	Denis Kerr

	Title:
	Director

PLEXUS CORP. (UK) LIMITED

	
		
	By:
	/s/ Denis Kerr

	Name:
	Denis Kerr

	Title:
	Director

PLEXUS MANUFACTURING SDN. BHD

	
		
	By:
	/s/ Lim Yong Jim

	Name:
	Lim Yong Jim

	Title:
	Managing Director

[Signature Page Amendment No. 7]

PURCHASER:
MUFG BANK, LTD. 
(f/k/a THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
NEW YORK BRANCH)
	
		
	By:
	/s/ Dilawar Khan

	Name:
	Dilawar Khan

	Title:
	Director

[Signature Page Amendment No. 7]

ANNEX A
SCHEDULE A TO AMENDED AND RESTATED MASTER ACCOUNTS RECEIVABLE PURCHASE AGREEMENT
Approved Obligors
	
				
	Approved Obligor
	Approved Obligor Sublimit (USD)
	Approved Obligor Buffer Period (days)
	Applicable MarginExhibit

Exhibit 10.7(a)

PLEXUS CORP.
ANNUAL BOARD OF DIRECTORS AND COMMITTEE COMPENSATION
Effective November 14, 2018

____________________________________________________________________________
BOARD MEMBERS AND BOARD LEADERSHIP
____________________________________________________________________________

	
			
	Chairman Retainer
	$240,000.00
	USD

	Board Member Retainer (all directors)
	$65,000.00
	USD

	Lead Director Retainer 
	$40,000.00
	USD

____________________________________________________________________________

COMMITTEE MEMBERS

AUDIT COMMITTEE

COMPENSATION & LEADERSHIP DEVELOPMENT COMMITTEE (“COMPENSATION COMMITTEE”)

NOMINATING & CORPORATE GOVERNANCE COMMITTEE (“NOMINATING COMMITTEE”)
____________________________________________________________________________

	
			
	Compensation Committee Chairperson Retainer
	$21,500.00
	USD

	Compensation Committee Member Retainer
	$10,000.00
	USD

	Nominating Committee Chairperson Retainer 
	$17,250.00
	USD

	Nominating Committee Member Retainer 
	$6,250.00
	USD

	Audit Committee Chairperson Retainer 
	$27,000.00
	USD

	Audit Committee Member Retainer
	$12,500.00
	USD

____________________________________________________________________________

DIRECTOR EQUITY COMPENSATION
____________________________________________________________________________

Restricted Stock Units (“RSUs”) with a value of $150,000 (# of RSUs determined by dividing $150,000 by the 90-day average close price ending on 01 DEC each year, or, if the Nasdaq Stock Market is not open on such date, a date to be determined by the Compensation and Leadership Development Committee of the Board of Directors). RSUs are subject to a one year cliff vesting from the date of grant.

Exhibit 10.7(a)

____________________________________________________________________________
EDUCATIONAL EXPENSE REIMBURSMENT
____________________________________________________________________________

Plexus will reimburse each director for the out-of-pocket cost associated with one educational seminar per year that is designed to educate directors on their obligations as directors, best practices in corporate governance, or the skills necessary to be more effective directors. 

____________________________________________________________________________
TRAVEL EXPENSE REIMBURSEMENT
____________________________________________________________________________

All directors will receive reimbursement for reasonable out-of-pocket travel expenses (e.g. airfare, hotel, rental car and meals) incurred in connection with meetings and educational seminars upon providing receipts. 

____________________________________________________________________________
RETAINER AND REIMBURSEMENT PAYMENT
____________________________________________________________________________

All retainers and expense reimbursements are typically paid by Plexus quarterly at the time of quarterly Board meetings.

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