Document:

EX-10.14

 Exhibit 10.14 

 
 

 
 Capital Markets Derivative Operations 

38 Fountain Square MD 10903C 
 Cincinnati, OH 45263 

Phone: 855-615-3522 

Date: April 02, 2019 

To: BOOZ ALLEN HAMILTON INC. 
  

			
	Attention:	  	Ryan Ross
	Phone:	  	571-346-4918
	Email:	  	ROSS_RYAN@BAH.COM
		
	Attention:	  	Royd Alimusa
	Phone:	  	703-377-7083
	Email:	  	ALIMUSA_ROYD@BAH.COM
		
	Attention:	  	Adama Gant
	Email:	  	gant_adama@bah.com

 USI: 1030451071FITB49981RA435553839900000000000 

Re: Limit Interest Rate Swaps 49981 

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between FIFTH
THIRD BANK (“Party A”) and BOOZ ALLEN HAMILTON INC. (“Party B”) on the Trade Date specified below (“Transaction”). This letter constitutes a “Confirmation” as referred to in the Agreement specified below. 

1. Each Transaction entered into under this Confirmation will be subject to, and governed by the provisions of, the 2006 

ISDA Definitions as published by the International Swaps and Derivatives Association, Inc., not including subsequent 

amendments or supplements (the “Definitions”). In the event of any inconsistency between the Definitions and this 

Confirmation, this Confirmation will govern. 
 2. This
Confirmation supplements, forms a part of, and is subject to, the ISDA Master Agreement dated as of December 16, 2014, as amended and supplemented from time to time (the “Agreement”), between Party A and Party B. All provisions contained
in the Agreement govern this Confirmation except as expressly modified below. In the event of any inconsistency between the Agreement and this Confirmation, this Confirmation will govern. 

3. Each party represents and warrants to the other party as follows: 
  

	 	a)	 Such party is fully informed of and capable of evaluating, and has evaluated, the potential financial benefits
and risks, the tax and accounting implications, the appropriateness in light of its individual financial circumstances, business affairs, and risk management capabilities, and the conformity to its policies and objectives, of this Transaction.

  

	 	b)	 Such party has entered into this Transaction in reliance only upon its own judgment. Neither party holds itself
out as advising, or any of its employees or agents as having the authority to advise, the other party as to whether or not it should enter into this Transaction, and neither party shall have any liability whatsoever in respect of any advice of such
nature given, or views expressed, by it or any such persons to the other party, whether or not such advice is given or such views are expressed at the request of the other party. 

 

	 	c)	 Such party has entered into this Transaction not for the purpose of speculation. 

4. Please acknowledge your agreement to the terms hereof by delivering back to Fifth Third an executed version of this Confirmation. If you do not return an
unaltered, fully-executed version of this Confirmation to Fifth Third within 3 business days of the date of your receipt of this Confirmation, you shall be deemed to have accepted the terms hereof as set forth

 herein. 

  

					
		 	Classification: Internal Use	  	
	Fifth Third Bank, Member FDIC	 	Page 1 of 3	  	Ref. 49981

 5. The terms of the particular Transaction to which this Confirmation relates are as follows. 

 

			
		
	 Transaction Type:
	  	Limit Interest Rate Swap
		
	 Payment Currency:
	  	USD
		
	 Notional Currency:
	  	USD
		
	 Notional Amount:
	  	USD 50,000,000.00

 Term: 
  

			
		
	 Trade Date:
	  	April 02, 2019
		
	 Effective Date:
	  	April 30, 2019
		
	 Termination Date:
	  	June 30, 2024, subject to adjustment in accordance with the Modified Following Business Day convention.

 Fixed Amounts: 
  

			
	 Fixed Rate Payer:
	  	BOOZ ALLEN HAMILTON INC.
		
	 Fixed Rate Calculation Periods:
	  	From and including the 31st day of each month to but excluding the 31st day of the following month starting with the Effective Date continuing until the Termination Date, subject to adjustment in
accordance with the Modified Following Business Day convention.
		
	 Fixed Rate Payment Date:
	  	Monthly on the last day of each month commencing on May 31, 2019, through and including June 30, 2024, subject to adjustment in accordance with the Modified Following
Business Day Convention.
		
	 Fixed Rate:
	  	2.258500%
		
	 Fixed Rate Day Count Fraction:
	  	Act/360
		
	 Fixed Rate Business Day Convention:
	  	Modified Following
		
	 Fixed Rate Business Days:
	  	London and New York

 Floating Amounts: 

 

			
	 Floating Rate Payer:
	  	FIFTH THIRD BANK
		
	 Floating Rate Calculation Periods:
	  	From and including the 31st day of each month to but excluding the 31st day of the following month starting with the Effective Date continuing until the Termination Date, subject to adjustment in
accordance with the Modified Following Business Day convention.
		
	 Floating Rate Payment Date:
	  	Monthly on the last day of each month commencing on May 31, 2019, through and including June 30, 2024, subject to adjustment in accordance with the Modified Following Business Day Convention.
		
	 Floating Rate Day Count Fraction:
	  	Act/360
		
	 Floating Rate Business Day Convention:
	  	Modified Following
		
	 Floating Rate Business Days:
	  	London and New York

  

					
	Fifth Third Bank, Member FDIC	 	Page 2 of 3	  	Ref. 49981
		 	Classification: Internal Use	  	

			
		
	 Floating Rate Option:
	  	The greater of A) USD-LIBOR-BBA, provided however, for purposes of this Transaction, Section 7.1 (ab)(xxii) and (ab)(xxv) of the ISDA Definitions
2006 shall be amended and restated by deleting the references contained therein to “Two London Banking days” and replacing with “Two London and New York Banking Days” or B) 0.000000%.
		
	 Floating Rate Option Designated Maturity:
	  	1 Month (No interpolation.)
		
	 Floating Rate Spread:
	  	None
		
	 Floating Rate Compounding:
	  	Inapplicable
		
	 Floating Rate Method of Averaging:
	  	None
		
	 Floating Rate Reset Dates:
	  	First day of each Calculation Period, subject to adjustment in accordance with the Modified Following Business Day Convention.
		
	 Floating Rate Rounding Convention:
	  	5 decimal places per the ISDA definition.
		
	 Calculation Agent:
	  	Per the ISDA Master Agreement

 Please confirm that the foregoing correctly sets forth the terms of our agreement by having an authorized officer execute 

this Confirmation and returning it to the Capital Markets Derivatives Group at Fifth Third Bank (Fax no. 513-534-3461) or 
 (email: IRD.CapitalMarkets@53.com). 

 

			
	Yours Truly,
	FIFTH THIRD BANK
		
	By:	 	/s/ Sirli Randpere
	Name:	 	Sirli Randpere
	Title:	 	Vice President

  

			
	BOOZ ALLEN HAMILTON INC.

			
		
	By: 	 	/s/ Brian Hockenberry

			
	Name:	 	Brian Hockenberry
	Title:	 	Assistant Treasurer

  

					
	Fifth Third Bank, Member FDIC	 	Page 3 of 3	  	Ref. 49981
		 	Classification: Internal UseEX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

SPONSOR SHARES SURRENDER AGREEMENT 

April 7, 2019 
 Leo Holdings Corp. 

21 Grosvenor Place 
 London, SW1X 7HF 

United Kingdom 
 Re: Surrender of Shares 

Reference is made to that certain Business Combination Agreement, dated as of the date hereof (as it may be amended, restated or otherwise
modified from time to time, the “Business Combination Agreement”) among Leo Holdings Corp., a Cayman Islands exempted company (the “Company”), Queso Holdings Inc., a Delaware corporation (“Queso”),
and AP VIII CEC Holdings, L.P., a Delaware limited partnership and solely for purposes of Sections 7.14(f) and 10.2(i) thereof, Leo Investors Limited Partnership, a Cayman limited partnership (the “Sponsor”). This letter agreement
(this “Letter Agreement”) is being entered into and delivered by the Company and the Sponsor in connection with the transactions contemplated by the Business Combination Agreement. Capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to such terms in the Business Combination Agreement. 
 In consideration of the foregoing and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and with the consummation of the transactions contemplated by the Business Combination Agreement (other than those contemplated by paragraphs 1 to 3
of this Letter Agreement below) being conditions subsequent to the obligations of the parties to this Letter Agreement, the Sponsor and the Company hereby agree that: 
  

	1.	 Immediately prior to, and conditioned upon, the Effective Time: 

(a)    the Sponsor shall automatically irrevocably surrender and forfeit to the Company for no consideration, as a
contribution to capital, 1,750,000 Class B ordinary shares of the Company (“Class B Shares”) (the “Forfeited Securities”); and 

(b)    the Company shall immediately cancel the Forfeited Securities. 

 

	2.	 Immediately following, and conditioned upon the consummation of the transaction described in paragraph 1 above,
but prior to the Effective Time, the Sponsor shall, automatically and without any further action by the Sponsor and the Company, irrevocably waive the right to be issued 20% (to the nearest whole number) of the Class A ordinary shares of the
Company (“Class A Shares”) into which, but for this paragraph, the Forfeited Securities would otherwise convert in accordance with Article 17 of the Leo Governing Documents. 

	3.	 Accordingly, following and conditioned upon the consummation of the transactions described in paragraphs 1 and
2 above, the Company, at any time when, in accordance with Article 17 of the Leo Governing Documents, the Class B Shares convert to Class A Shares, shall not issue to holders of Class B Shares any Class A Shares the entitlement
to which has been waived in accordance with paragraph 3 above. 

 The Sponsor hereby represents and warrants to the
Company as of the date hereof as follows: 
 (i)     The Sponsor owns free and clear of all Encumbrances 4,910,000
shares of Leo Common Stock. 
 (ii)     There are no voting trusts, proxies, partnership or other Contracts with a
limited partner or general partner of the Sponsor, investors’ rights Contracts, right of first refusal or co-sale Contracts, or registration rights Contracts or other agreements or understandings to which
the Sponsor is bound with respect to voting of any equity interest of the Sponsor. 
 (iii)    The Sponsor has all
requisite power and authority to execute and deliver this Letter Agreement and to consummate the transactions contemplated hereby and to perform all of its obligations hereunder. The execution and delivery of this Letter Agreement have been, and the
consummation of the transactions contemplated hereby has been, duly authorized by all requisite action by the Sponsor. This Letter Agreement has been duly and validly executed and delivered by the Sponsor and, assuming this Letter Agreement has been
duly authorized, executed and delivered by the other party hereto, this Letter Agreement constitutes, and upon its execution will constitute, a legal, valid and binding obligation of the Sponsor enforceable against it in accordance with its terms.

 Sections 10.3, 10.4, 10.5, 10.6, 10.7, 10.9, 10.10, 10.11 and 10.12 of the Business Combination Agreement are incorporated by reference
herein. Queso shall be an express third-party beneficiary to this Letter Agreement, and shall be entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto. This Letter Agreement shall terminate,
and have no further force and effect, if the transactions contemplated by the Business Combination Agreement (other than those contemplated by paragraphs 1 to 3 of this Letter Agreement above) are not consummated or the Business Combination
Agreement is validly terminated in accordance with its terms prior to the Effective Time. This Letter Agreement may be executed in two (2) or more counterparts (including by electronic means), all of which shall be considered one and the same
agreement and shall become effective when signed by each of the parties and delivered to the other party, it being understood that both parties need not sign the same counterpart. 

  
 2 

 Please indicate your agreement to the terms of this Letter Agreement by signing where
indicated below. Please indicate your agreement to the terms of this Letter Agreement by signing where indicated below.  
  

			
	LEO INVESTORS LIMITED PARTNERSHIP
		
	By:	 	Leo Investors General Partner Limited
	Its:	 	General Partner
		
	By:	 	 /s/ Simon Brown

	Name:	 	Simon Brown
	Title:	 	Director

  

			
	Accepted and Agreed:
	
	LEO HOLDINGS CORP.

			
		
	By:	 	 /s/ Lyndon Lea

	Name:	 	Lyndon Lea
	Title:	 	Chairman and Chief Executive Officer

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