Document:

ex_196796.htm

 

EXHIBIT 10.2

 

EXHIBIT A

 

 

STOCK UNIT AWARD AGREEMENT

 

(Granted under the UFP Technologies, Inc. 2009 Director Stock Incentive Plan)

 

	 	
			1.

				
			Award of Stock Unit Awards. UFP Technologies, Inc. (hereinafter the “Company”), in the exercise of its sole discretion pursuant to the UFP Technologies, Inc. 2009 Director Stock Incentive Plan (the “Plan”), does on June 10, 2020 (the “Award Date”) hereby award to                          (the “Awardee”) 796 Stock Unit Awards (“SUAs”) upon the terms and subject to the conditions hereinafter contained. SUAs represent the Company’s unfunded and unsecured promise to issue shares of Common Stock at a future date, subject to the terms of this Award Agreement and the Plan. Awardee has no rights under the SUA s other than the rights of a general unsecured creditor of the Company. Terms used herein but not defined shall have the meanings set forth in Section 19 below or the meanings set forth in the Plan.

			
	 	 	 
	 	2.	Vesting Schedule and Conversion of SUAs.

 

 

	 	
			(a)

				
			Subject to the terms of this Award Agreement and the Plan and provided that Awardee continues to serve as a director of the Company throughout the vesting period set out below, the SUAs shall vest and be converted into an equivalent number of shares of Common Stock that will be distributed to the Awardee as follows:

			

 

	
			Vesting Date

				
			Percentage of SUAs

			
	
			May 31, 2021

				
			100%

			

 

	 	
			(b)

				
			Notwithstanding the vesting schedule set forth in subsection (a) above, if there is a Change in Control of the Company (as defined below), then so long as the Awardee shall have continued to serve as a director of the Company through the date which is one day prior to the actual closing date of the transaction giving rise to such Change in Control (the “Acceleration Date”), then all of the SUA’s that are unvested on the Acceleration Date shall immediately become vested in full on the Acceleration Date, subject, however, to the provisions of Section 18 of this Award Agreement.

			

 

	 	
			3.

				
			Termination of Awardee’s Status as a Director. Subject to the provisions of Sections 4 and 5 below, in the event of termination, for any reason, of Awardee’s status as a director of the Company, Awardee’s rights under this Award Agreement in any unvested SUAs shall terminate.

			

 

	 	
			4.

				
			Disability of Awardee. Notwithstanding the provisions of Section 3 above, in the event of termination of Awardee’s status as a director of the Company as a result of disability (within the meaning of Section 409A of the Internal Revenue Code, and hereinafter referred to as “Disability”) prior to May 31, 2021, the SUAs shall become vested in full at such time and in accordance with the provisions of Section 2 notwithstanding such termination, subject, however, to the provisions of Section 18 of this Award Agreement.

			

 

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			5.

				
			Death of Awardee. Notwithstanding the provisions of Section 3 above, in the event of termination of Awardee’s status as a director of the Company as a result of the death of the Awardee prior to May 31, 2021, the SUAs shall become vested in full at such time and in accordance with the provisions of Section 2 notwithstanding such termination, subject, however, to the provisions of Section 18 of this Award Agreement.

			
	 	 	 
	 	6.	Conversion of SUAs to shares of Common Stock; Responsibility for Taxes.

 

	 	
			(a)

				
			Provided Awardee has satisfied the requirements of Section 6(b) below, and subject, however, to the provisions of Section 18 of this Award Agreement, on the vesting of any SUAs, such vested SUAs shall be converted into an equivalent number of shares of Common Stock that will be distributed to Awardee or, in the event of Awardee’s death, to Awardee’s legal representative, as soon as practicable. An Awardee’s rights with respect to the SUA’s issued under this Award Agreement shall terminate at the time such SUAs are converted into shares of Common Stock. The distribution to the Awardee, or in the case of the Awardee’s death, to the Awardee’s legal representative, of shares of Common Stock in respect of the vested SUAs shall be evidenced by a stock certificate, appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company, or other appropriate means as determined by the Company.

			
	 	 	 
	 	(b)	Prior to the issuance of shares of Common Stock upon vesting of SUAs as provided in Section 6(a) above, Awardee shall pay, or make adequate arrangements satisfactory to the Company (in its sole discretion) to satisfy all withholding obligations of the Company, to the extent applicable.
	 	 	 
	 	(c)	Until the distribution to Awardee of the shares of Common Stock in respect to the vested SUAs is evidenced by a stock certificate, appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company, or other appropriate means, Awardee shall have no right to vote or receive dividends or any other rights as a shareholder with respect to such shares of Common Stock, notwithstanding the vesting of SUAs. Subject to the provisions of Section 18 of this Award Agreement, the Company shall cause such distribution to Awardee to occur promptly upon the vesting of SUAs.
	 	 	 
	 	(d)	Adjustments and other matters relating to stock dividends, stock splits, recapitalizations, reorganizations, Corporate Events and the like shall be made and determined in accordance with Section 6 of the Plan, as in effect on the date of this Agreement.

 

	 	
			7.

				Non-Transferability of SUAs. Awardee’s right in the SUAs awarded under this Award Agreement and any interest therein may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner, other than by will or by the laws of descent or distribution, prior to the distribution of the shares of Common Stock in respect of such SUAs. SUAs shall not be subject to execution, attachment or other process.
	 	 	 
	 	8.	Agreement of Awardee.

 

	 	
			(a)

				By accepting the Award, Awardee agrees to continue to serve as a director of the Company during the term for which he or she was elected. By accepting the Award of SUAs evidenced by this Award Agreement, Awardee agrees not to sell any of the shares of Common Stock received on account of vested SUAs at a time when applicable laws or Company policies prohibit a sale. This restriction shall apply so long as Awardee is a director of the Company.

 

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			(b)

				
			The Awardee understands that the Plan has been registered pursuant to Registration Statements on Form S-8. However, if at the time of the issuance to the Awardee or his or her beneficiary of shares of Common Stock upon the vesting of the Award, the Awardee is an affiliate of the Company for purposes of the Securities Act of 1933, as amended, the shares issued to Awardee hereunder will be considered to be “other securities” as such term is used in paragraph (b)(2) of Rule 144 under such Act, in which case, the Awardee understands resale of the shares should only be made in compliance with the applicable provisions of Rule 144.

			

 

	 	9.	Acknowledgment of Nature of Plan and SUAs. In accepting the Award, Awardee acknowledges that:

 

	 	
			(a)

				the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, as provided in the Plan;
	 	 	 
	 	(b)	the Award of SUAs is voluntary and occasional and does not create any contractual or other right to receive future awards of SUAs, or benefits in lieu of SUAs even if SUAs have been awarded repeatedly in the past;
	 	 	 
	 	(c)	all decisions with respect to future awards, if any, will be at the sole discretion of the Company;
	 	 	 
	 	(d)	Awardee’s participation in the Plan is voluntary;
	 	 	 
	 	(e)	the future value of the underlying shares of Common Stock is unknown and cannot be predicted with certainty;
	 	 	 
	 	(f)	if Awardee receives shares of Common Stock, the value of such shares of Common Stock acquired on vesting of SUAs may increase or decrease in value;
	 	 	 
	 	(g)	Awardee acknowledges and agrees that, in the event of termination of the Awardee’s service on the Company’s Board of Directors, regardless of the reasons for such termination, Awardee has no right to, and will not bring any legal claim or action for, (i) any damages for any portion of the SUAs that have been vested and converted into Common Shares, or (ii) termination of any unvested SUAs under this Award Agreement.

 

	 	10.	Administration. The authority to manage and control the operation and administration of this Award Agreement shall be vested in the Committee (as defined in Section 2 of the Plan), and the Committee shall have all powers and discretion with respect to this Award Agreement as it has with respect to the Plan. Any interpretation of the Award Agreement by the Committee and any decision made by the Committee with respect to the Award Agreement shall be final and binding on all parties.

 

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	 	11.	Plan Governs. Notwithstanding anything in this Award Agreement to the contrary, the terms of this Award Agreement shall be subject to the terms of the Plan, and this Award Agreement is subject to all interpretations, amendments, rules and regulations promulgated by the Committee from time to time pursuant to the Plan.
	 	 	 
	 	12.	Notices. Any written notices provided for in this Award Agreement which are sent by mail shall be deemed received three business days after mailing, but not later than the date of actual receipt. Notices shall be directed, if to Awardee, at the Awardee’s address indicated by the Company’s records and, if to the Company, at the Company’s principal executive office.
	 	 	 
	 	13.	Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to SUAs awarded under the Plan or future SUAs that may be awarded under the Plan by electronic means or request Awardee’s consent to participate in the Plan by electronic means. Awardee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.
	 	 	 
	 	14.	Acknowledgment. By Awardee’s acceptance as evidenced below, Awardee further acknowledges that Awardee has received and has read, understood and accepted all the terms, conditions and restrictions of this Award Agreement and the Plan. Awardee understands and agrees that this Award Agreement is subject to all the terms, conditions, and restrictions stated in this Award Agreement and the Plan, as the latter may be amended from time to time in the Company’s sole discretion.
	 	 	 
	 	15.	Governing Law. This Award Agreement shall be governed by the laws of the State of Delaware, without regard to Delaware laws that might cause other law to govern under applicable principles of conflicts of law.
	 	 	 
	 	16.	Severability. If one or more of the provisions of this Award Agreement shall be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable provisions shall be deemed null and void; however, to the extent permissible by law, any provisions which could be deemed null and void shall first be construed, interpreted or revised retroactively to permit this Award Agreement to be construed so as to foster the intent of this Award Agreement and the Plan.
	 	 	 
	 	17.	Complete Award Agreement and Amendment. This Award Agreement and the Plan constitute the entire agreement between Awardee and the Company regarding SUAs. Any prior agreements, commitments or negotiations concerning these SUAs are superseded. This Award Agreement may be amended only by written agreement of Awardee and the Company, without consent of any other person. Awardee agrees not to rely on any oral information regarding this Award of SUAs or any written materials not identified in this Section 17.
	 	 	 
	 	18.	Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code, as amended (the “Code”), and the regulations thereunder to the extent applicable. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section.

 

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	 	19.	Definitions.

 

“Business Combination” shall mean (i) the consummation of a reorganization, merger or consolidation or sale or disposition of all or substantially all of the assets of the Company.

 

“Change in Control” shall mean: (i) a Business Combination, unless, in each case following such Business Combination, (A) all or substantially all of the individuals and entities who were the beneficial owners of the Common Stock of the Company immediately before the consummation of such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that as a result of the transaction owns the Company or all or substantially all of the assets of the Company either directly or indirectly through one or more subsidiaries); and (B) no person or group (as defined in Section 13(d) or 14(d)(2) of the Securities Exchange Act of 1934) of the Company or the corporation resulting from the Business Combination) beneficially owns, directly or indirectly, more than 50% of the then outstanding shares of the common stock of the corporation resulting from the Business Combination; (ii) individuals who, as of the date hereof constitute the Board of Directors of the Company (the “Incumbent Board”) thereafter cease for any reason to constitute at least a majority of the Board of Directors of the Company, provided, however, that any individual's becoming a director after the date of grant represented hereby whose election, or nomination for election by the stockholders of the Company, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board will be considered as though the individual were a member of the Incumbent Board, but excluding, for this purpose, any individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or (iii) any person (as defined in Section 13(d) or 14(d)(2) of the Securities Exchange Act of 1934) shall become at any time or in any manner the beneficial owner of capital stock of the Company representing more than 50% of the voting power of the Company.

 

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EXECUTED as of the day and year first above written.

 

	 	UFP TECHNOLOGIES, INC.
	 	 
	 	 
	 	By:	                                         
	 	 	R. Jeffrey Bailly
	 	 	Chairman and Chief Executive Officer

 

 

AWARDEE’S ACCEPTANCE:

 

I have read and fully understood this Award Agreement and I accept and agree to be bound by all of the terms, conditions and restrictions contained in this Award Agreement and the other documents referenced in it.

 

 

 

                                                             

[name of Awardee]

 

6Exhibit 10.1
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EXECUTION VERSION
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BRUKER CORPORATION

FIRST AMENDMENT
Dated as of April 17, 2020
to the
NOTE PURCHASE AGREEMENT
Dated as of January 18, 2012

RE:      $105,000,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022
            $100,000,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024
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FIRST AMENDMENT TO THE NOTE PURCHASE AGREEMENT
THIS FIRST AMENDMENT dated as of April 17, 2020 and effective as of March 25, 2020 (the or this “First Amendment”) to the Note Purchase Agreement dated as of January 18, 2012 is between Bruker Corporation, a Delaware corporation (the “Company”) and each of the institutions which is a signatory to this First Amendment (collectively, the “Noteholders”).
RECITALS:
A.      The Company and each of the Noteholders have heretofore entered into the Note Purchase Agreement dated as of January 18, 2012 (the “Note Purchase Agreement”).  The Company has heretofore issued (i) $20,000,000 aggregate principal amount of its 3.16% Series 2012A Senior Notes, Tranche A, due January 18, 2017 (the “Series A Notes”), (ii) $15,000,000 aggregate principal amount of its 3.74% Series 2012A Senior Notes, Tranche B, due January 18, 2019 (the “Series B Notes”), (iii)  $105,000,000 aggregate principal amount of its 4.31% Series 2012A Senior Notes, Tranche C, due January 17, 2022 (the “Series C Notes”) and (iv) $100,000,000 aggregate principal amount of its 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024 (the “Series D Notes”), collectively with the Series C Notes, the “Notes”).  The Series A Notes and Series B Notes are no longer outstanding.
B.     The Company and the Noteholders now desire to amend the Note Purchase Agreement in the respects, but only in the respects, hereinafter set forth.
C.     Capitalized terms used herein shall have the respective meanings ascribed thereto in the Note Purchase Agreement unless herein defined or the context shall otherwise require.
D.      All requirements of law have been fully complied with and all other acts and things necessary to make this First Amendment a valid, legal and binding instrument according to its terms for the purposes herein expressed have been done or performed.
NOW, THEREFORE, upon the full and complete satisfaction of the conditions precedent to the effectiveness of this First Amendment set forth in Section 3.1 hereof, and in consideration of good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the Company and the Noteholders do hereby agree as follows:
SECTION 1.       AMENDMENTS.
Section 1.1.      Section 22.6 of the Note Purchase Agreement shall be amended by adding the following language to the end of such Section:
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“The parties agree to electronic contracting and signatures with respect to this Agreement and the other Note Documents (other than the Notes).  Delivery of an electronic signature to, or a signed copy of, this Agreement and such other Note Documents (other than the Notes) by facsimile, email or other electronic transmission shall be fully binding on the parties to the same extent as the delivery of the signed
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	FIRST AMENDMENT
	BRUKER CORPORATION

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originals and shall be admissible into evidence for all purposes.  The words “execution,” “execute”, “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the other Note Documents (other than the Notes) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Company, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.”
Section 1.2.      The first sentence of the definition “Indebtedness” in Schedule A to the Note Purchase Agreement shall be and is hereby amended by deleting the following proviso from the first sentence therein:
“provided, however, ‘Indebtedness’ shall not include any deposits received by any customer in connection with any sales orders” in the first sentence of the definition.”
Section 1.3.      The following definitions in Schedule A to the Note Purchase Agreement are hereby amended and restated to read as follows:
“Bank Credit Agreement” means that certain Credit Agreement dated as of December 11, 2019 by and between the Company, Bruker Invest AG, incorporated in Switzerland as a corporation limited by shares, Bruker Finance B.V., a besloten vennootschap met beperkte aansprakelijkheid incorporated under the laws of the Netherlands having its corporate seat (statutaire zetel) in Amsterdam, the Netherlands, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility or facilities of the Company and its Subsidiaries.
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“Consolidated Total Indebtedness” means at any time the sum, without duplication, of (a) the aggregate Indebtedness of the Company and its Subsidiaries calculated on a consolidated basis as of such time in accordance with GAAP (excluding the aggregate amount of Indebtedness of the Company and its Subsidiaries relating to the undrawn letters of credit outstanding) and (b) Indebtedness of the type referred to in clause (a) hereof of another Person guaranteed by the Company or any of its Subsidiaries.
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“Priority Debt” means (without duplication), as of the date of any determination thereof, the sum of (i) all unsecured Indebtedness of Subsidiaries (including all Guarantees of Indebtedness but excluding (w) the aggregate amount of Indebtedness of Subsidiaries related to letters of credit or similar instruments outstanding that evidence obligations related to customer deposits received in the ordinary course of business, in each case, to the extent such instruments remain undrawn and are for the benefit of such customers in respect of such customer deposits, (x) Indebtedness owing to the Company
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or any other Subsidiary, (y) Indebtedness outstanding at the time such Person became a Subsidiary, provided that such Indebtedness shall have not been incurred in contemplation of such person becoming a Subsidiary, and (z) Indebtedness of any Subsidiary Guarantor, and (ii) all Indebtedness of the Company and its Subsidiaries secured by Liens other than Indebtedness secured by Liens permitted by subparagraphs (a) through (j), inclusive, of Section 10.4.  For the avoidance of doubt, except as set forth in the preceding sentence, all Indebtedness of Affected Foreign Subsidiaries shall constitute “Priority Debt” for purposes of this Agreement.
Section 1.4.      The following shall be added as new definition in alphabetical order to  Schedule A of the Note Purchase Agreement:
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“Note Documents” means this Agreement, the Notes, any Subsidiary Guaranty and all other documents, certificates, instruments or agreements executed and delivered by the Company or any Subsidiary Guarantor for the benefit of a holder of a Note in connection herewith on or after the date hereof.
SECTION 2.       REPRESENTATIONS AND WARRANTIES OF THE COMPANY.
Section 2.1.      To induce the Noteholders to execute and deliver this First Amendment (which representations shall survive the execution and delivery of this First Amendment), the Company represents and warrants to the Noteholders that:
(a)       this First Amendment has been duly authorized, executed and delivered by the Company and this First Amendment constitutes the legal, valid and binding obligation, contract and agreement of the Company enforceable against it in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors’ rights generally;
(b)       the Note Purchase Agreement, as amended by this First Amendment, constitutes the legal, valid and binding obligation, contract and agreement of the Company enforceable against it in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors’ rights generally;
(c)       the execution, delivery and performance by the Company of this First Amendment (i) has been duly authorized by all requisite corporate action and, if required, shareholder action, (ii) does not require the consent or approval of any governmental or regulatory body or agency and (iii) will not (A) violate (1) any provision of law, statute, rule or regulation or the Company’s certificate of incorporation or bylaws, (2) any order of any court or any rule, regulation or order of any other agency or government binding upon the Company or (3) any provision of any material indenture, agreement or other instrument to which the Company is a party or by which its properties or assets are or may be bound, including, without limitation, the Bank Credit Agreement (as defined in the Note Purchase Agreement (as amended by this First Amendment)), or (B) result in a
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breach or constitute (alone or with due notice or lapse of time or both) a default under any material indenture, agreement or other instrument referred to in clause (iii)(A)(3) of this Section 2.1(c);
(d)       as of the date hereof and after giving effect to this First Amendment, no Default or Event of Default has occurred which is continuing;
(e)       neither the Company nor any of its Affiliates has paid or agreed to pay any fees or other consideration, or given any additional security or collateral, or shortened the maturity or average life of any Indebtedness or permanently reduced any borrowing capacity, in each case, in favor of or for the benefit of any creditor of the Company, any Subsidiary or any Affiliate, in connection with the changes contemplated by or similar in nature to the changes in this First Amendment; and
(f)       all the representations and warranties contained in Section 5 of the Note Purchase Agreement are true and correct in all material respects with the same force and effect as if made by the Company on and as of the date hereof.
SECTION 3.       CONDITIONS TO EFFECTIVENESS OF THIS FIRST AMENDMENT.
Section 3.1.      This First Amendment shall not become effective until, and shall become effective when, each and every one of the following conditions shall have been satisfied:
(a)       executed counterparts of this First Amendment, duly executed by the Company, the Subsidiary Guarantors and the holders of at least 51% of the outstanding principal of the Notes, shall have been delivered to the Noteholders;
(b)       [Reserved];
(c)       the Noteholders shall have received evidence satisfactory to them that the Note Purchase Agreement dated as of December 11, 2019 has been amended substantially as proposed in the form annexed hereto as Exhibit A ;
(d)       the Noteholders shall have received a copy of the resolutions of the Board of Directors of the Company authorizing the execution, delivery and performance by the Company of this First Amendment, certified by its Secretary or an Assistant Secretary;
(e)       the representations and warranties of the Company set forth in Section 2 hereof are true and correct in all material respects on and as of the date hereof; and
(f)       the reasonable and documented fees and expenses of Chapman and Cutler, LLP, counsel to the Noteholders, in connection with the negotiation, preparation, approval, execution and delivery of this First Amendment, to the extent invoiced, shall have been paid by the Company.
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SECTION 4.       MISCELLANEOUS.
Section 4.1.      This First Amendment shall be construed in connection with and as part of the Note Purchase Agreement, and except as modified and expressly amended by this First Amendment, all terms, conditions and covenants contained in the Note Purchase Agreement and the Notes are hereby ratified and shall be and remain in full force and effect.
Section 4.2.      Any and all notices, requests, certificates and other instruments executed and delivered after the execution and delivery of this First Amendment may refer to the Note Purchase Agreement without making specific reference to this First Amendment but nevertheless all such references shall include this First Amendment unless the context otherwise requires.
Section 4.3.      The descriptive headings of the various Sections or parts of this First Amendment are for convenience only and shall not affect the meaning or construction of any of the provisions hereof.
Section 4.4.      This First Amendment shall be governed by and construed in accordance with New York law.
Section 4.5.     Each Subsidiary Guarantor acknowledges that its consent to this First Amendment is not required, but each Subsidiary Guarantor nevertheless hereby agrees and consents to this First Amendment and to the documents and agreements referred to herein.  Each Subsidiary Guarantor agrees and acknowledges that (i) notwithstanding the effectiveness of this First Amendment, each Subsidiary Guaranty (as the same may be amended, amended and restated, supplemented or otherwise modified from time to time) shall remain in full force and effect without modification thereto, and (ii) nothing herein shall in any way limit any of the terms or provisions of each Subsidiary Guaranty executed by any Subsidiary Guarantor, all of which are hereby ratified, confirmed and affirmed in all respects.  Each Subsidiary Guarantor hereby agrees and acknowledges that no other agreement, instrument, consent or document shall be required to give effect to this section.  Each Subsidiary Guarantor hereby further acknowledges that the Company may from time to time enter into any further amendments, modifications, terminations and/or waivers of any provisions of the Note Purchase Agreement without notice to or consent from any Subsidiary Guarantor and without affecting the validity or enforceability of any Subsidiary Guaranty giving rise to any reduction, limitation, impairment, discharge or termination of any Subsidiary Guaranty.
Section 4.6.      This First 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.  The execution hereof by the Company shall constitute a contract between the Company and the Noteholders for the uses and purposes hereinabove set forth, and this First Amendment may be executed in any number of counterparts, each executed counterpart constituting an original, but all together only one agreement.  Delivery of this First Amendment by facsimile, electronic mail or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof.  The parties agree to electronic contracting and signatures with respect to this First Amendment.  Delivery of an electronic signature to, or a signed copy of, this First Amendment by facsimile, email or other electronic transmission shall be fully binding
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on the parties to the same extent as the delivery of the signed originals and shall be admissible into evidence for all purposes.  The words “execution,” “execute”, “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this First Amendment shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Company, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.
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	FIRST AMENDMENT
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The foregoing First Amendment  is hereby acknowledged and agreed as of the date first above written
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	BRUKER CORPORATION

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[2012 Amendment]

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	FIRST AMENDMENT
	BRUKER CORPORATION

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	ACKNOWLEDGED:

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	BRUKER BIOSPIN CORPORATION

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	BRUKER AXS HOLDINGS, INC. F/K/A BRUKER AXS LLC

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	BRUKER SCIENTIFIC LLC

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	BRUKER NANO, INC.

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[2012 Amendment]

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	FIRST AMENDMENT
	BRUKER CORPORATION

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	Accepted as of the date first written above.
	THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

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	Name:

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	Its Authorized Representative

	​
	​
	​

	​
	We acknowledge that we hold $37,000,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

	​
	​
	​

	​
	We acknowledge that we hold $33,000,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

	​

	​

	​

	Accepted as of the date first written above.
	NEW YORK LIFE INSURANCE COMPANY

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $8,700,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

	​
	​
	​

	​
	We acknowledge that we hold $8,700,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
	​

	​

	​

	​
	NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION

	​
	​

	​
	By:  NYL Investors LLC, its Investment Manager

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $7,100,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

	​
	​
	​

	​
	We acknowledge that we hold $7,100,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
	​

	​

	​

	​
	NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION INSTITUTIONALLY OWNED LIFE INSURANCE SEPARATE ACCOUNT (BOLI 30C)

	​
	​

	​
	By:  NYL Investors LLC, its Investment Manager

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $1,000,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

	​
	​
	​

	​
	We acknowledge that we hold $1,000,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION INSTITUTIONALLY OWNED LIFE INSURANCE SEPARATE ACCOUNT (BOLI 3-2)

	​
	​

	​
	By:  NYL Investors LLC, its Investment Manager

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $200,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

	​
	​
	​

	​
	We acknowledge that we hold $200,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $25,000,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

	​
	​

	​
	By:  Barings LLC as Investment Adviser

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $11,100,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

	​
	​
	​

	​
	We acknowledge that we hold $11,300,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
	​

	​

	​

	​
	C.M. LIFE INSURANCE COMPANY

	​
	​

	​
	By: Barings LLC as Investment Adviser

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $900,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

	​
	​
	​

	​
	We acknowledge that we hold $1,200,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
	​

	​

	​

	​
	YF LIFE INSURANCE INTERNATIONAL LIMITED

	​
	​

	​
	By:  Barings LLC as Investment Adviser

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $500,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	PACIFIC LIFE INSURANCE COMPANY
(NOMINEE:  MAC & CO)

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $17,000,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	GENWORTH LIFE AND ANNUITY INSURANCE COMPANY

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $6,000,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	MODERN WOODMEN OF AMERICA

	​
	​

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $15,000,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	​

	​
	​

	​
	PIONEER SECURITY LIFE INSURANCE COMPANY

	​
	INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES, INC.

	​
	FARM BUREAU LIFE INSURANCE COMPANY OF MICHIGAN

	​
	AMERICAN REPUBLIC INSURANCE COMPANY

	​
	FARM BUREAU GENERAL INSURANCE COMPANY OF MICHIGAN

	​
	AMERICAN-AMICABLE LIFE INSURANCE COMPANY OF TEXAS

	​
	FARM BUREAU MUTUAL INSURANCE COMPANY OF MICHIGAN

	​
	TRUSTMARK INSURANCE COMPANY

	​
	OCCIDENTAL LIFE INSURANCE COMPANY OF NORTH CAROLINA

	​
	BLUE CROSS AND BLUE SHIELD OF FLORIDA, INC.

	​
	IA AMERICAN LIFE INSURANCE COMPANY

	​
	CATHOLIC UNITED FINANCIAL

	​
	​

	​
	By:  Securian Asset Management, Inc.

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that Pioneer Security Life Insurance Company holds $200,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

	​
	​

	​
	We acknowledge that Industrial Alliance Insurance and Financial Services, Inc. holds $800,000 4.31% Series 2012A Senior Notes, Tranche C, due January 18, 2022.

	​
	​

	​
	We acknowledge that Farm Bureau Life Insurance Company of Michigan holds $2,275,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

	​
	​

	​
	We acknowledge that American Republic Insurance Company holds $1,520,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

	​
	​

	​
	We acknowledge that Farm Bureau General Insurance Company of Michigan holds $760,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

	​
	​

	​
	We acknowledge that American-Amicable Life Insurance Company of Texas holds $760,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

	​
	​

	​
	We acknowledge that Farm Bureau Mutual Insurance Company of Michigan holds $760,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​
	We acknowledge that Trustmark Insurance Company holds $760,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

	​
	​

	​
	We acknowledge that Occidental Life Insurance Company of North Carolina holds $380,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

	​
	​

	​
	We acknowledge that Blue Cross and Blue Shield of Florida, Inc. holds $760,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

	​
	​

	​
	We acknowledge that IA American Life Insurance Company holds $225,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

	​
	​

	​
	We acknowledge that Catholic United Financial holds $760,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	​

	​
	​

	​
	VANTIS LIFE INSURANCE COMPANY

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $1,520,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	​

	​
	​

	​
	MTL INSURANCE COMPANY

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $1,140,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
​

[2012 Amendment]

	​

	​

	FIRST AMENDMENT
	BRUKER CORPORATION

​

​
	​

	​

	​

	Accepted as of the date first written above.
	​

	​
	​

	​
	EQUITABLE LIFE & CASUALTY INSURANCE COMPANY

	​
	​

	​
	By
	​

	​
	​
	Name:

	​
	​
	Title:

	​
	​
	​

	​
	We acknowledge that we hold $380,000 4.46% Series 2012A Senior Notes, Tranche D, due January 18, 2024.

​
​

[2012 Amendment]

​

​
EXHIBIT A
[See Attached]

​

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}]]