Document:

citifmcamendmentno1tosec

                                                           EXECUTION VERSION                                                                                                                     AMENDMENT NO. 1               AMENDMENT     NO. 1, dated as of September 28, 2018 (this “Amendment”), to the   Second Amended and Restated Credit Agreement, dated as of May 2, 2017 (as amended, restated, amended  and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among FMC   Corporation, a Delaware corporation (the “Company”), certain of the Company’s subsidiaries from time to   time party thereto as borrowers (together with the Company, the “Borrowers”), Citibank, N.A., as   Administrative Agent (as such term is defined in the Credit Agreement), and each lender and issuing bank   from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”).                 WHEREAS, the Company intends to separate and spin-off assets constituting the lithium   business of the Company in a series of transactions as described in the definition of Permitted Separation   Transactions set forth below;                WHEREAS,  in connection with the proposed separation of the lithium business, the   Company has requested certain modifications to the Credit Agreement as described herein (the “Proposed   Amendments”);                WHEREAS,  Section 9.01 of the Credit Agreement provides that the Company and the   Required Lenders may amend the Loan Documents;                WHEREAS, the Lenders party hereto have agreed to approve the Proposed Amendments;   and                WHEREAS, in order to effect the foregoing, the Company and the other parties hereto   desire to amend the Credit Agreement, subject to the terms and conditions set forth herein.                NOW, THEREFORE, in consideration of the premises contained herein and for other good   and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties   hereto, intending to be legally bound hereby, agree as follows:                                      ARTICLE I                                                                               Amendment                SECTION 1.01.   Defined Terms.  Capitalized terms used herein (including in the recitals   hereto) and not otherwise defined herein shall have the meanings assigned to such terms in the Credit   Agreement.  The rules of construction specified in Section 1.04 of the Credit Agreement also apply to this   Amendment.                SECTION 1.02.   Amendment of Credit Agreement.  Effective as of the Amendment   Effective Date (as defined below):                (a)   Section 1.01 of the Credit Agreement is hereby amended to add the following new   defined term in its correct alphabetical order:                      “Permitted Separation Transactions” means the FMC Lithium Assets               Contribution, the Lithium Spinco Contribution, the Lithium IPO and the Livent Revolving               Credit Facility and any ancillary or related transactions contemplated thereby. As used               herein, the terms (i) “FMC Lithium Assets Contribution” shall mean the direct or indirect               transfer (in one or more transactions) by FMC and its subsidiaries to FMC Lithium USA     WEIL:\96678340\8\35899.0596  

 

            Corp., a Delaware corporation (“Lithium Opco”), of the portions of the FMC Lithium              Assets that were not owned by Lithium Opco or any of its subsidiaries prior to such             transfer, in exchange for certain equity interest in Lithium Opco, (ii) “FMC Lithium              Assets” shall mean certain assets, liabilities and operations of FMC Corporation and certain              of its subsidiaries that are used for the manufacturing of lithium for use in lithium products,              which are used primarily in energy storage, specialty polymers and chemical synthesis, (iii)              “Lithium Spinco Contribution” shall mean the direct or indirect transfer (in one or more              transactions) by FMC Corporation of (a) 100% of the equity interest it holds in Lithium              Opco, (b) the equity interest it holds in FMC Chemicals Limited (UK), (c) the equity             interest it holds in FMC Switzerland IV GmbH, and (d) the equity interest it holds in             Lithium Singapore Private Limited, in each case, to Livent Corporation (“Livent”) in              exchange for certain equity interest in Livent and cash, if any, (iv) “Lithium IPO” shall              mean the initial underwritten public offering of common equity interests in Livent pursuant              to an effective registration statement filed with the United States Securities and Exchange              Commission pursuant to the Securities Act of 1933, as amended from time to time and (v)              “Livent Revolving Credit Facility” shall mean (a) the $400,000,000 senior secured              revolving credit facility, dated as of the date hereof (as amended, restated, amended and              restated, supplemented or otherwise modified from time to time), among Livent, certain of              Livent’s subsidiaries from time to time party thereto, Citibank, N.A., as administrative              agent, each lender from time to time party thereto and the other parties party thereto, (b)              all liens, pledges, guarantees and other obligations provided or incurred in connection              therewith and (c) any borrowing or other extensions of credit thereunder, including letters              of credit.               (b)   Article VI of the Credit Agreement is hereby amended to add the following new  Section 6.05:               “SECTION 6.05. Acknowledgement and Consent to Permitted Separation Transaction.              Notwithstanding anything to the contrary in this Article VI, nothing in this Article VI shall             prohibit the consummation of any of the Permitted Separation Transactions.”               SECTION 1.03.   Effectiveness.  Section 1.02 of this Amendment shall become effective  as of the first date (the “Amendment Effective Date”) on which the following conditions have been satisfied:               (a)   The Administrative Agent (or its counsel) shall have received from the Company       and the Required Lenders either (x) counterparts of this Amendment signed on behalf of such       parties or (y) written evidence reasonably satisfactory to the Administrative Agent (which may       include facsimile or other electronic transmissions of signed signature pages) that such parties have       signed counterparts of this Amendment.               (b)   The Administrative Agent shall have received, in immediately available funds,        payment or reimbursement of all costs, fees, out-of-pocket expenses, compensation and other        amounts then due and payable in connection with this Amendment, including the reasonable fees,        charges and disbursements of counsel for the Administrative Agent.   The Administrative Agent shall notify the Company and the Lenders of the Amendment Effective Date and  such notice shall be conclusive and binding.                                     ARTICLE II                                                                            Miscellaneous                                          2  WEIL:\96678340\8\35899.0596  

 

             SECTION 2.01.   Representations and Warranties.  (a)  To induce the other parties hereto   to enter into this Amendment, the Company represents and warrants to each of the Lenders and the  Administrative Agent that, as of the Amendment Effective Date and after giving effect to the transactions  and amendments to occur on the Amendment Effective Date, this Amendment has been duly authorized,  executed and delivered by the Company and constitutes, and the Credit Agreement, as amended hereby on  the Amendment Effective Date, will constitute, legal, valid and binding obligations of the Borrowers,  enforceable against each of the Borrowers in accordance with their terms, except as such enforceability  may be limited by bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting  creditors’ rights generally and by general principles of equity and the implied covenant of good faith and  fair dealing.                (b)   Each of the representations and warranties made by each party to each Loan  Document in or pursuant to this Amendment or any other Loan Document, or contained in any certificate  or financial statement (other than estimates and projections which are (x) identified as such and (y)  contained in any financial statement) furnished at any time under or in connection with this Amendment or  any other Loan Document shall be true and correct in all material respects on and as of the Amendment  Effective Date as if made on and as of such date (except to the extent that such representations and  warranties relate to a particular date, in which case such representations and warranties shall be true and  correct in all material respects on and as of such date), both before and after giving effect to the this  Amendment.               (c)    After giving effect to this Amendment and the transactions contemplated hereby  on the relevant date, no Default or Event of Default has occurred and is continuing on the Amendment  Effective Date.               SECTION 2.02.   Effect of Amendment.  (a)  Except as expressly set forth herein, this   Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect   the rights and remedies of, the Administrative Agent, the Lenders, any other Agent and any of their   respective Affiliates under the Credit Agreement or any other Loan Document, and shall not alter, modify,   amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in   the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects   and shall continue in full force and effect.  Nothing herein shall be deemed to establish a precedent for   purposes of interpreting the provisions of the Credit Agreement or entitle any Borrower to a consent to, or   a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants   or agreements contained in the Credit Agreement or any other Loan Document in similar or different   circumstances.  This Amendment shall apply to and be effective only with respect to the provisions of the   Credit Agreement and the other Loan Documents specifically referred to herein.                (b)   On and after the Amendment Effective Date, each reference in the Credit   Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each   reference to the Credit Agreement, “thereunder”, “thereof”, “therein” or words of like import in any other   Loan Document, shall be deemed a reference to the Credit Agreement, as amended hereby.  This   Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other   Loan Documents.                SECTION 2.03.   Governing Law.  THIS AMENDMENT SHALL BE GOVERNED   BY, AND INTERPRETED   IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW   YORK.  The other provisions of Article IX of the Credit Agreement shall apply to this Amendment to the   same extent as if fully set forth herein.                                           3   WEIL:\96678340\8\35899.0596  

 

            SECTION 2.04.   Headings.  The headings of this Amendment are for purposes of reference  only and shall not limit or otherwise affect the meaning hereof.                             [SIGNATURE PAGES FOLLOW]                                         4  WEIL:\96678340\8\35899.0596  

 

                  IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be  duly executed and delivered by their officers as of the date first above written.                                        The U.S. Borrower                                                                              FMC CORPORATION                                                                                                                     By:        /s/ Brian P. Angeli                                                Name:   Brian P. Angeli                                          Title:   Vice President, Corporate Strategy                                                   and Treasurer                                                                                                                   The Euro Borrowers                                         FMC FINANCE B.V.                                                                                                                  By:         /s/ Brian J. Blair                                                Name:   Brian J. Blair                                          Title:   Managing Director                                          FMC CHEMICALS NETHERLANDS B.V.                                                                                                                     By:        /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Managing Director                                          FMC FORET, S.A.                                                                                                                     By:        /s/ Andrew D. Sandifer                                             Name:   Andrew D. Sandifer                                          Title:   Director                                                                                                                  SURETY INTERNATIONAL LTD.                                                                                                                     By:        /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Vice President                                                                                                                                                                            [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                    SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                         WEIL:\96678340\8\35899.0596  

 

                                        FMC LUXEMBOURG HOLDINGS S.À R.L.                                                                                                               By:         /s/ Brian J. Blair                                                Name:   Brian J. Blair                                         Title:   Managing Director                                                                                                                  FMC LUXEMBOURG S.À R.L.                                                                                                                  By:        /s/ Brian J. Blair                                               Name:   Brian J. Blair                                         Title:   Managing Director                                                                                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        CITIBANK, N.A.,                                       as Administrative Agent, Lender, Issuing Bank                                      and Swing Loan Lender                                                                                                                                                        By:     /s/ Michael Vondriska                                              Name:  Michael Vondriska                                        Title:   Vice President                                                                                                                              [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        BANK OF AMERICA, N.A.,                                      as Syndication Agent, Lender, Issuing Bank and                                      Swing Loan Lender                                                                                                                                                        By:        /s/ Brandon Weiss                                                Name: Brandon Weiss                                         Title:  Vice President                                                                     [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                           Sumitomo Mitsui Banking Corporation,                                         as Lender                                                                                                                                                                    By:     /s/ James D. Weinstein                                               Name: James D. Weinstein                                            Title: Managing Director                                                                        [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        BNP PARIBAS                                      as Lender                                                                                                                                                        By:         /s/ Emma Petersen                                           Name: Emma Petersen                                          Title:   Director                                                                                                                                                        By:         /s/ Michael Pearce                                           Name: Michael Pearce                                          Title:   Managing Director                        [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        JPMORGAN CHASE BANK, N.A.,                                      as Lender                                                                                                                  By:   /s/ James A. Knight                                                       Name: James A. Knight                                            Title:   Executive Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        TD BANK, N.A.,                                      as Lender                                                                                                                                                        By:   /s/ Craig Welch                                                           Name: Craig Welch                                            Title:   Senior Vice President                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        CoBank, ACB,                                      as Lender                                                                                                                                                        By:         /s/ Robert Prickett                                                 Name: Robert Prickett                                            Title:   Vice President                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        PNC BANK, NATIONAL ASSOCIATION,                                      as Lender                                                                                                                                                        By:         /s/ Denise DiSimone                                                 Name: Denise DiSimone                                            Title:   Senior Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        U.S. Bank, National Association,                                      as Lender                                                                                                                                                        By:         /s/ Paul Rouse                                                Name: Paul Rouse                                            Title:   Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        The Bank of New York Mellon,                                      as Lender                                                                                                                                                        By:         /s/ Christopher Olsen                                              Name: Christopher Olsen                                            Title:   Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        Citizens Bank of Pennsylvania,                                      as Lender                                                                                                                                                        By:         /s/ William J. O’Meara                                              Name: William J. O’Meara                                            Title:   Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        COÖPERATIEVE RABOBANK, U.A.,                                       NEW YORK BRANCH,                                      as Lender                                                                                                                  By:         /s/ Jeff Bliss                                                Name: Jeff Bliss                                            Title:   Executive Director                                                                                                                                                        By:         /s/ Peter Glawe                                               Name: Peter Glawe                                            Title:   Executive Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        WELLS FARGO BANK, N.A.,                                      as Lender                                                                                                                                                        By:         /s/ Nathan R. Rantala                                               Name: Nathan R. Rantala                                            Title:   Managing Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        KBC BANK N.V., NEW YORK BRANCH,                                      as Lender                                                                                                                  By:         /s/ Jana Sevcikova                                                  Name: Jana Sevcikova                                            Title: Director                                                                                                                  By:         /s/ Iryna Leff                                                      Name: Iryna Leff                                            Title: Associate                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        BRANCH BANKING AND TRUST                                      COMPANY,                                      as Lender                                                                                                                                                        By:         /s/ J. Carlos Navarrete                                              Name: J. Carlos Navarrete                                            Title: Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        MIZUHO BANK, LTD.,                                      as Lender                                                                                                                                                        By:         /s/ Raymond Ventura                                                 Name: Raymond Ventura                                            Title: Managing Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        Santander Bank, N.A.,                                      as Lender                                                                                                                                                        By:         /s/ Andres Barbosa                                                  Name: Andres Barbosa                                            Title: Executive Director                                                                                                                                                        By:         /s/ Carolina Gutierrez                                              Name: Carolina Gutierrez                                            Title: Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        MUFG, Bank, Ltd f/k/a The Bank of Tokyo-                                      Mitubishi UFJ, Ltd., as Lender                                                                                                                                                        By:         /s/ Maria Iarriccio                                                 Name: Maria Iarriccio                                            Title: Director                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        Lloyds Bank PLC,                                      as Lender                                                                                                                                                        By:         /s/ Kamala Basdeo                                                   Name: Kamala Basdeo                                            Title: Assistant Manager                                                  Transaction Execution                                                   Category A                                                  B002                                                                                                                                                        By:         /s/ Jennifer Larrow                                                 Name: Jennifer Larrow                                            Title: Assistant Manager                                                  Transaction Execution                                                  Category A                                                  L003                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        BANK OF CHINA, NEW YORK BRANCH,                                      as Lender                                                                                                                                                        By:         /s/ Raymond Qiao                                                    Name: Raymond Qiao                                            Title: Chief Lending Officer                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596  

 

                                        FARM CREDIT BANK OF TEXAS,                                      as Lender                                                                                                                                                        By:         /s/ Luis Requejo                                                    Name: Luis Requejo                                            Title: Vice President                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                   SECOND AMENDED AND RESTATED CREDIT AGREEMENT]                                       WEIL:\96678340\8\35899.0596citifmcamendmentno1to201

                                                          EXECUTION VERSION                                                                                                                  AMENDMENT NO. 1              AMENDMENT NO. 1, dated as of September 28, 2018 (this “Amendment”), to the Term  Loan Agreement, dated as of May 2, 2017 (as amended, restated, amended and restated, supplemented or  otherwise modified from time to time, the “Term Loan Agreement”), among FMC Corporation, a Delaware  corporation (the “Company”), certain of the Company’s subsidiaries from time to time party thereto as  borrowers (together with the Company, the “Borrowers”), Citibank, N.A., as Administrative Agent (as such  term is defined in the Term Loan Agreement), each lender from time to time party thereto (collectively, the  “Lenders” and individually, a “Lender”) and the other parties thereto.                WHEREAS, the Company intends to separate and spin-off assets constituting the lithium  business of the Company in a series of transactions as described in the definition of Permitted Separation  Transactions set forth below;               WHEREAS,  in connection with the proposed separation of the lithium business, the  Company has requested certain modifications to the Term Loan Agreement as described herein (the  “Proposed Amendments”);               WHEREAS, Section 9.01 of the Term Loan Agreement provides that the Company and  the Required Lenders may amend the Loan Documents;               WHEREAS, the Lenders party hereto have agreed to approve the Proposed Amendments;  and               WHEREAS, in order to effect the foregoing, the Company and the other parties hereto  desire to amend the Term Loan Agreement, subject to the terms and conditions set forth herein.               NOW, THEREFORE, in consideration of the premises contained herein and for other good  and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties  hereto, intending to be legally bound hereby, agree as follows:                                     ARTICLE I                                                                             Amendment               SECTION 1.01.   Defined Terms.  Capitalized terms used herein (including in the recitals  hereto) and not otherwise defined herein shall have the meanings assigned to such terms in the Term Loan  Agreement.  The rules of construction specified in Section 1.04 of the Term Loan Agreement also apply to  this Amendment.               SECTION 1.02.   Amendment of Term Loan Agreement.  Effective as of the Amendment  Effective Date (as defined below):               (a)   Section 1.01 of the Term Loan Agreement is hereby amended to add the following  new defined term in its correct alphabetical order:                     “Permitted Separation Transactions” means the FMC Lithium Assets              Contribution, the Lithium Spinco Contribution, the Lithium IPO and the Livent Revolving              Credit Facility and any ancillary or related transactions contemplated thereby. As used              herein, the terms (i) “FMC Lithium Assets Contribution” shall mean the direct or indirect              transfer (in one or more transactions) by FMC and its subsidiaries to FMC Lithium USA    WEIL:\96703291\4\35899.0596  

 

            Corp., a Delaware corporation (“Lithium Opco”), of the portions of the FMC Lithium              Assets that were not owned by Lithium Opco or any of its subsidiaries prior to such             transfer, in exchange for certain equity interest in Lithium Opco, (ii) “FMC Lithium              Assets” shall mean certain assets, liabilities and operations of FMC Corporation and certain              of its subsidiaries that are used for the manufacturing of lithium for use in lithium products,              which are used primarily in energy storage, specialty polymers and chemical synthesis, (iii)             “Lithium Spinco Contribution” shall mean the direct or indirect transfer (in one or more              transactions) by FMC Corporation of (a) 100% of the equity interest it holds in Lithium              Opco, (b) the equity interest it holds in FMC Chemicals Limited (UK), (c) the equity             interest it holds in FMC Switzerland IV GmbH, and (d) the equity interest it holds in             Lithium Singapore Private Limited, in each case, to Livent Corporation (“Livent”) in              exchange for certain equity interest in Livent and cash, if any, (iv) “Lithium IPO” shall              mean the initial underwritten public offering of common equity interests in Livent pursuant              to an effective registration statement filed with the United States Securities and Exchange              Commission pursuant to the Securities Act of 1933, as amended from time to time and (v)             “Livent Revolving Credit Facility” shall mean (a) the $400,000,000 senior secured              revolving credit facility, dated as of the date hereof (as amended, restated, amended and              restated, supplemented or otherwise modified from time to time), among Livent, certain of              Livent’s subsidiaries from time to time party thereto, Citibank, N.A., as administrative              agent, each lender from time to time party thereto and the other parties party thereto, (b)              all liens, pledges, guarantees and other obligations provided or incurred in connection              therewith and (c) any borrowing or other extensions of credit thereunder, including letters              of credit.               (b)   Article VI of the Term Loan Agreement is hereby amended to add the following  new Section 6.05:               “SECTION 6.05. Acknowledgement and Consent to Permitted Separation Transaction.              Notwithstanding anything to the contrary in this Article VI, nothing in this Article VI shall             prohibit the consummation of any of the Permitted Separation Transactions.”               SECTION 1.03.   Effectiveness.  Section 1.02 of this Amendment shall become effective  as of the first date (the “Amendment Effective Date”) on which the following conditions have been satisfied:               (a)   The Administrative Agent (or its counsel) shall have received from the Company       and the Required Lenders either (x) counterparts of this Amendment signed on behalf of such       parties or (y) written evidence reasonably satisfactory to the Administrative Agent (which may       include facsimile or other electronic transmissions of signed signature pages) that such parties have       signed counterparts of this Amendment.               (b)   The Administrative Agent shall have received, in immediately available funds,        payment or reimbursement of all costs, fees, out-of-pocket expenses, compensation and other        amounts then due and payable in connection with this Amendment, including the reasonable fees,        charges and disbursements of counsel for the Administrative Agent.   The Administrative Agent shall notify the Company and the Lenders of the Amendment Effective Date and  such notice shall be conclusive and binding.                                     ARTICLE II                                                                            Miscellaneous                                          2  WEIL:\96703291\4\35899.0596  

 

             SECTION 2.01.   Representations and Warranties.  (a)  To induce the other parties hereto   to enter into this Amendment, the Company represents and warrants to each of the Lenders and the  Administrative Agent that, as of the Amendment Effective Date and after giving effect to the transactions  and amendments to occur on the Amendment Effective Date, this Amendment has been duly authorized,  executed and delivered by the Company and constitutes, and the Term Loan Agreement, as amended hereby  on the Amendment Effective Date, will constitute, legal, valid and binding obligations of the Borrowers,   enforceable against each of the Borrowers in accordance with their terms, except as such enforceability   may be limited by bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting   creditors’ rights generally and by general principles of equity and the implied covenant of good faith and  fair dealing.                (b)   Each of the representations and warranties made by each party to each Loan  Document in or pursuant to this Amendment or any other Loan Document, or contained in any certificate  or financial statement (other than estimates and projections which are (x) identified as such and (y)  contained in any financial statement) furnished at any time under or in connection with this Amendment or  any other Loan Document shall be true and correct in all material respects on and as of the Amendment  Effective Date as if made on and as of such date (except to the extent that such representations and  warranties relate to a particular date, in which case such representations and warranties shall be true and  correct in all material respects on and as of such date), both before and after giving effect to the this  Amendment.               (c)    After giving effect to this Amendment and the transactions contemplated hereby  on the relevant date, no Default or Event of Default has occurred and is continuing on the Amendment  Effective Date.               SECTION 2.02.   Effect of Amendment.  (a)  Except as expressly set forth herein, this   Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect   the rights and remedies of, the Administrative Agent, the Lenders, any other Agent and any of their   respective Affiliates under the Term Loan Agreement or any other Loan Document, and shall not alter,   modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements   contained in the Term Loan Agreement or any other Loan Document, all of which are ratified and affirmed  in all respects and shall continue in full force and effect.  Nothing herein shall be deemed to establish a  precedent for purposes of interpreting the provisions of the Term Loan Agreement or entitle any Borrower  to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions,  obligations, covenants or agreements contained in the Term Loan Agreement or any other Loan Document  in similar or different circumstances.  This Amendment shall apply to and be effective only with respect to  the provisions of the Term Loan Agreement and the other Loan Documents specifically referred to herein.                (b)   On and after the Amendment Effective Date, each reference in the Term Loan   Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each   reference to the Term Loan Agreement, “thereunder”, “thereof”, “therein” or words of like import in any   other Loan Document, shall be deemed a reference to the Term Loan Agreement, as amended hereby.  This   Amendment shall constitute a “Loan Document” for all purposes of the Term Loan Agreement and the   other Loan Documents.                SECTION 2.03.   Governing Law.  THIS AMENDMENT SHALL BE GOVERNED   BY, AND INTERPRETED   IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW   YORK.  The other provisions of Article IX of the Term Loan Agreement shall apply to this Amendment   to the same extent as if fully set forth herein.                                           3   WEIL:\96703291\4\35899.0596  

 

            SECTION 2.04.   Headings.  The headings of this Amendment are for purposes of reference  only and shall not limit or otherwise affect the meaning hereof.                             [SIGNATURE PAGES FOLLOW]                                         4  WEIL:\96703291\4\35899.0596  

 

                  IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be  duly executed and delivered by their officers as of the date first above written.                                        The U.S. Borrower                                                                              FMC CORPORATION                                                                                                                     By:        /s/ Brian P. Angeli                                                Name:   Brian P. Angeli                                          Title:   Vice President, Corporate Strategy                                                   and Treasurer                                                                                                                   The Euro Borrowers                                         FMC FINANCE B.V.                                                                                                                  By:         /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Managing Director                                          FMC CHEMICALS NETHERLANDS B.V.                                                                                                                     By:        /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Managing Director                                          FMC LUXEMBOURG HOLDINGS S.À R.L.                                                                                                                  By:         /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Managing Director                                                                                                                     FMC LUXEMBOURG S.À R.L.                                                                                                                     By:        /s/ Brian J. Blair                                                 Name:   Brian J. Blair                                          Title:   Managing Director                                                                                                                                   [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                               TERM LOAN AGREEMENT]                                         WEIL:\96703291\4\35899.0596  

 

                                        CITIBANK, N.A.,                                       as Administrative Agent and Lender                                                                                                                                                        By:       /s/ Michael Vondriska                                             Name:  Michael Vondriska                                         Title:   Vice President                                                                                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        BANK OF AMERICA, N.A.,                                      as Lender                                                                                                                                                        By:       /s/ Brandon Weiss                                                 Name:  Brandon Weiss                                         Title:   Vice President                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        Sumitomo Mitsui Banking Corporation,                                      as Lender                                                                                                                                                        By:         /s/ James D. Weinstein                                              Name: James D. Weinstein                                            Title: Managing Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        BNP PARIBAS                                      as Lender                                                                                                                                                        By:       /s/ Emma Petersen                                                 Name:  Emma Petersen                                         Title:   Director                                                                                                                                                    By:        /s/ Michael Pearce                                                Name:  Michael Pearce                                         Title:   Managing Director                        [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        JPMORGAN CHASE BANK, N.A.,                                      as Lender                                                                                                                  By:       /s/ James A. Knight                                               Name:  James A. Knight                                         Title:   Executive Director                                                                  [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        TD BANK, N.A.,                                      as Lender                                                                                                                                                        By:       /s/ Craig Welch                                                   Name:  Craig Welch                                         Title:   Senior Vice President                                                                  [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        CoBank, ACB,                                      as Lender                                                                                                                                                        By:       /s/ Robert Prickett                                               Name:  Robert Prickett                                         Title:   Vice President                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        PNC BANK, NATIONAL ASSOCIATION,                                      as Lender                                                                                                                                                        By:       /s/ Denise DiSimone                                               Name:  Denise DiSimone                                         Title:   Senior Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        U.S. Bank, National Association,                                      as Lender                                                                                                                                                        By:       /s/ Paul Rouse                                                    Name:  Paul Rouse                                         Title:   Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        The Bank of New York Mellon,                                      as Lender                                                                                                                                                        By:       /s/ Christopher Olsen                                             Name:  Christopher Olsen                                         Title:   Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        Citizens Bank of Pennsylvania,                                      as Lender                                                                                                                                                        By:       /s/ William J. O’Meara                                            Name:  William J. O’Meara                                         Title:   Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        COÖPERATIEVE RABOBANK, U.A.,                                       NEW YORK BRANCH,                                      as Lender                                                                                                                  By:       /s/ Jeff Bliss                                                    Name:  Jeff Bliss                                         Title:   Executive Director                                                                                                                                                              By:       /s/ Peter Glawe                                                   Name:  Peter Glawe                                         Title:   Executive Director                                                              [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        WELLS FARGO BANK, N.A.,                                      as Lender                                                                                                                                                        By:       /s/ Nathan R. Rantala                                             Name:  Nathan R. Rantala                                         Title:   Managing Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        KBC BANK N.V., NEW YORK BRANCH,                                      as Lender                                                                                                                  By:         /s/ Jana Sevcikova                                                  Name: Jana Sevcikova                                            Title: Director                                                                                                                  By:         /s/ Iryna Leff                                                      Name: Iryna Leff                                            Title: Associate                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        BRANCH BANKING AND TRUST                                      COMPANY,                                      as Lender                                                                                                                                                        By:         /s/ J. Carlos Navarrete                                              Name: J. Carlos Navarrete                                            Title: Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        MIZUHO BANK, LTD.,                                      as Lender                                                                                                                                                        By:         /s/ Raymond Ventura                                                 Name: Raymond Ventura                                            Title: Managing Director                                                               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        Santander Bank, N.A.,                                      as Lender                                                                                                                                                        By:         /s/ Andres Barbosa                                                  Name: Andres Barbosa                                            Title: Executive Director                                                                                                                                                        By:         /s/ Carolina Gutierrez                                              Name: Carolina Gutierrez                                            Title: Vice President                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        MUFG, Bank, Ltd f/k/a The Bank of Tokyo-                                      Mitubishi UFJ, Ltd., as Lender                                                                                                                                                        By:         /s/ Maria Iarriccio                                                 Name: Maria Iarriccio                                            Title: Director                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        Lloyds Bank PLC,                                      as Lender                                                                                                                                                        By:         /s/ Kamala Basdeo                                                   Name: Kamala Basdeo                                            Title: Assistant Manager                                                  Transaction Execution                                                   Category A                                                  B002                                                                                                                                                        By:         /s/ Jennifer Larrow                                                 Name: Jennifer Larrow                                            Title: Assistant Manager                                                  Transaction Execution                                                  Category A                                                  L003                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        BANK OF CHINA, NEW YORK BRANCH,                                      as Lender                                                                                                                                                        By:         /s/ Raymond Qiao                                                    Name: Raymond Qiao                                            Title: Chief Lending Officer                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596  

 

                                        FARM CREDIT BANK OF TEXAS,                                      as Lender                                                                                                                                                        By:         /s/ Luis Requejo                                                    Name: Luis Requejo                                            Title: Vice President                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         [SIGNATURE PAGE TO AMENDMENT NO. 1 TO                              TERM LOAN AGREEMENT]                                       WEIL:\96703291\4\35899.0596

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