Document:

EX-10.2

  EXHIBIT 10.2

  SECOND AMENDMENT TO TERM LOAN AGREEMENT 

  This SECOND AMENDMENT TO TERM LOAN AGREEMENT (this “Amendment”) dated as of September 30, 2022, by and among BRUKER CORPORATION, a Delaware corporation (the “Company”), the Subsidiaries (if any) of the Company party to the Term Loan Agreement as borrowers (each a “Designated Borrower” and, together with the Company, the “Borrowers” and, each a “Borrower”), the Subsidiaries of the Company party to the Term Loan Agreement as guarantors (each a “Subsidiary Guarantor” and, together with the Borrowers, the “Loan Parties”), the Lenders (as defined in the Term Loan Agreement referred to below), and BANK OF AMERICA, N.A., as Administrative Agent (as defined in the Term Loan Agreement referred to below) for such Lenders.

  PRELIMINARY STATEMENTS

  (1)	Reference is made to that certain Term Loan Agreement dated as of December 11, 2019 (as amended by that certain First Amendment to Term Loan Agreement, dated as of May 12, 2021, and as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time, the “Term Loan Agreement”; terms defined therein unless otherwise defined herein being used herein as therein defined) among the Borrowers, the Lenders party thereto from time to time and BANK OF AMERICA, N.A., as Administrative Agent.

  (2) 	The Borrower has requested that the Administrative Agent and the Lenders make certain modifications to the Term Loan Agreement as set forth below.

  (3) 	The undersigned Lenders and the Administrative Agent are prepared to make such modifications to the Term Loan Agreement requested by the Borrower, subject to the conditions, and in reliance on the representations set forth herein.

  NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the parties hereto hereby agree as follows:

  SECTION 1.  Amendment to Term Loan Agreement.  

  a)Section 1.01 of the Term Loan Agreement (Defined Terms) is hereby amended by adding the following new defined terms in the appropriate alphabetical order:

  “ “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.”

  “ “Rescindable Amount” means any payment that the Administrative Agent makes for the account of the Lenders hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies: (1) the applicable Borrower has not in fact made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by such Borrower (whether or not then owed); or (3) the Administrative Agent has for any reason otherwise erroneously made such payment.”

  1

   

  

  “ “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.”

  “ “Second Amendment Rate Effective Date” means December 12, 2022.”

  “ “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.”

  “ “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.”

  b)Section 1.01 of the Term Loan Agreement (Defined Terms) is hereby amended by amending and restating the following defined terms in their entirety as follows:

  “Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

  “Interest Period” means with respect to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter, as the applicable Borrower (or the Company on behalf of the applicable Borrower) may elect in its Borrowing Request or Interest Election Request; provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, (ii) any Interest Period pertaining to a Eurocurrency Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period, (iii) no Interest Period pertaining to a Eurocurrency Borrowing shall extend beyond the Second Amendment Rate Effective Date and (iv) no Interest Period shall extend beyond the Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.

  2

   

  

  “ “Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.”

  c)Effective as of the Second Amendment Rate Effective Date, Section 1.01 of the Term Loan Agreement (Defined Terms) is hereby amended by adding the following new defined terms in the appropriate alphabetical order:

  “ “CME” means CME Group Benchmark Administration Limited.”

  “ “Daily Simple SOFR” with respect to any applicable determination date means the SOFR published on such date on the FRBNY’s website (or any successor source).”

  “ “SOFR Adjustment” means 0.10% (10.00 basis points) per annum.”

  “ “SOFR Administrator” means the FRBNY, as the administrator of SOFR, or any successor administrator of SOFR designated by the FRBNY or other Person acting as the SOFR Administrator at such time that is satisfactory to the Administrative Agent.”

  “ “SOFR Scheduled Unavailability Date” has the meaning assigned to such term in Section 2.14(c)(ii).”

  “ “SOFR Successor Rate” has the meaning assigned to such term in Section 2.14(c)(ii).”

  “ “SOFR Successor Rate Conforming Changes” means, with respect to the use, administration of or any conventions associated with SOFR or any proposed SOFR Successor Rate, any conforming changes to the definition of “SOFR,” “Term SOFR,” “Daily Simple SOFR,” “Alternate Base Rate,” or “Interest Period,” timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definitions of “Business Day” and “U.S. Government Securities Business Day”, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such SOFR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such SOFR Successor Rate exists, in such other manner of administration as the Administrative 

  3

   

  

  Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document).”

  “ “Term SOFR Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.”

  “ “Term SOFR Replacement Date” has the meaning assigned to such term in Section 2.14(c)(ii).”

  “ “Term SOFR Screen Rate” means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to the Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).”

  “ “U.S. Government Securities Business Day” means any Business Day, except any Business Day on which any of the Securities Industry and Financial Markets Association, the New York Stock Exchange or the FRBNY is not open for business because such day is a legal holiday under the federal laws of the United States or the laws of the State of New York, as applicable.”

  d)Effective as of the Second Amendment Rate Effective Date, Section 1.01 of the Term Loan Agreement (Defined Terms) is hereby amended by deleting the following defined terms in their entirety:  “Eurocurrency”; “Eurocurrency Rate”; “LIBOR”; “LIBOR Screen Rate”; “LIBOR Successor Rate”; “LIBOR Successor Rate Conforming Changes”; “London Banking Day”; “Relevant Governmental Body”; “Scheduled Unavailability Date”; and “SOFR-Based Rate”.

  e)Effective as of the Second Amendment Rate Effective Date, Section 1.01 of the Term Loan Agreement (Defined Terms) is hereby amended by amending and restating the following defined terms in their entirety as follows:

  “Interest Period” means with respect to any Term SOFR Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is three months thereafter; provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, (ii) any Interest Period pertaining to any Term SOFR Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period and (iii) no Interest Period shall extend beyond the Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.

  “SOFR” means the Secured Overnight Financing Rate administered by the SOFR Administrator.

  4

   

  

  “Term SOFR” means:

   

  (a)	for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment for such Interest Period; and

   

  (b) 	for any interest calculation with respect to an Alternate Base Rate Loan on any date, the rate per annum equal to the Term SOFR Screen Rate with a term of one month commencing that day plus the SOFR Adjustment;

   

  provided that if the Term SOFR determined in accordance with either of the foregoing provisions (a) or (b) of this definition would otherwise be less than zero, the Term SOFR shall be deemed zero for purposes of this Agreement.

  f)Effective as of the Second Amendment Rate Effective Date, Section 1.01 of the Term Loan Agreement (Defined Terms) is hereby amended by amending the definition of “Business Day” to delete the phrase “and, if such day relates to any interest rate settings as to a Eurocurrency Loan, means any such day that is also a London Banking Day”.

  g)Effective as of the Second Amendment Rate Effective Date, Section 1.01 of the Term Loan Agreement (Defined Terms) is hereby amended by amending the definition of “Interest Payment Date” to replace the term “Eurocurrency” with the term “Term SOFR” in the first instance in which it appears and to delete the phrase “and, in the case of a Eurocurrency Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period and the Maturity Date”.

  h)Effective as of the Second Amendment Rate Effective Date, the following definitions in Section 1.01 of the Term Loan Agreement (Defined Terms) and the following sections of the Term Loan Agreement are hereby amended by, in each case, replacing the term or terms “Eurocurrency”, “Eurocurrency Rate” and/or “the Eurocurrency Rate” with the term “Term SOFR” in each instance in which such term or terms appears: the definition of “Alternate Base Rate”; the definition of “Applicable Rate”; the definition of “Borrowing”; the definition of “Type”; Section 1.02 (Classification of Loans and Borrowings);  Section 2.01 (Commitments); Section 2.02 (Loans and Borrowings); Section 2.10 (Repayment of Loans; Evidence of Debt); Section 2.11 (Prepayment of Loans); and Section 2.13 (Interest).

  i)Effective as of the Second Amendment Rate Effective Date, Section 1.06 of the Term Loan Agreement (Eurocurrency Rate) is hereby amended by amending and restating it in its entirety as follows:

  SECTION 1.06 Rates. The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the 

  5

   

  

  administration, submission or any other matter related to any reference rate referred to herein or with respect to any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any such rate (including, without limitation, any SOFR Successor Rate) (or any component of any of the foregoing) or the effect of any of the foregoing.  The Administrative Agent and its affiliates or other related entities may engage in transactions or other activities that affect any reference rate referred to herein, or any alternative, successor or replacement rate (including, without limitation, any SOFR Successor Rate) (or any component of any of the foregoing) or any related spread or other adjustments thereto, in each case, in a manner adverse to the Borrower.  The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any reference rate referred to herein or any alternative, successor or replacement rate (including, without limitation, any SOFR Successor Rate) (or any component of any of the foregoing), in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or other action or omission related to or affecting the selection, determination, or calculation of any rate (or component thereof) provided by any such information source or service.

  j)Effective as of the Second Amendment Rate Effective Date, Section 2.03 of the Term Loan Agreement (Requests for Borrowings) is hereby amended by (i) replacing the term “Eurocurrency” with the term “Term SOFR” in each instance in which it appears, (ii) deleting the phrase in subsection (v) “in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”” and replacing it with “[reserved]” and (iii) deleting the sentence “If no Interest Period is specified with respect to any requested Eurocurrency Borrowing, then the relevant Borrower shall be deemed to have selected an Interest Period of one month’s duration.” 

  k)Effective as of the Second Amendment Rate Effective Date, Section 2.08 of the Term Loan Agreement (Interest Elections) is hereby amended by (i) replacing the term “Eurocurrency” with the term “Term SOFR” in each instance in which it appears, (ii) deleting the phrase in subsection (iv) “if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which Interest Period shall be a period contemplated by the definition of the term “Interest Period”” and replacing it with “[reserved]” and (iii) deleting the sentence “If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration.”

  l)Effective as of the Second Amendment Rate Effective Date, Section 2.14 of the Term Loan Agreement (Illegality; Inability to Determine Rates) is hereby amended by amending and restating it in its entirety as follows:

  (a)	Illegality.  If any Lender reasonably determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable lending office to perform any of its obligations hereunder or make, maintain or fund or charge interest with respect to any Loan, or to determine or charge 

  6

   

  

  interest rates based upon Term SOFR, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the applicable interbank market, then, on written notice thereof by such Lender to the Company through the Administrative Agent, (i) any obligation of such Lender to issue, make, maintain, fund or charge interest with respect to any such Loan or to make or continue Term SOFR Loans or to convert ABR Loans to Term SOFR Loans, shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining ABR Loans the interest rate on which is determined by reference to the Term SOFR component of the Alternate Base Rate, the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Term SOFR component of the Alternate Base Rate, in each case until such Lender notifies the Administrative Agent and the Company in writing that the circumstances giving rise to such determination no longer exist.  Upon receipt of such notice, (x) the Borrowers shall, upon written demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Term SOFR Loans of such Lender to ABR Loans (the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Term SOFR component of the Alternate Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Term SOFR Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Term SOFR Loans and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon Term SOFR, the Administrative Agent shall during the period of such suspension compute the Alternate Base Rate applicable to such Lender without reference to the Term SOFR component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon Term SOFR.  Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted.

  (b)	Inability to Determine Rates.  If in connection with any request for a Term SOFR Loan or a conversion of ABR Loans to Term SOFR Loans or a continuation of any such Loans, as applicable, (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) no SOFR Successor Rate has been determined in accordance with Section 2.14(c), and the circumstances under clause (i) of Section 2.14(c) or the SOFR Scheduled Unavailability Date has occurred, or (B) adequate and reasonable means do not otherwise exist for determining Term SOFR for any requested Interest Period with respect to a proposed Term SOFR Loan or in connection with an existing or proposed ABR Loan, or (ii) the Administrative Agent or the Required Lenders determine that for any reason Term SOFR for any requested Interest Period with respect to a proposed Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Company and each Lender in writing.  Thereafter, (x) the obligation of the Lenders to make or maintain Term SOFR Loans, or to convert ABR Loans to Term SOFR Loans, shall be suspended (to the extent of the affected Term SOFR Loans or Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect to the Term SOFR component of the Alternate Base Rate, the utilization of the Term SOFR component in determining the Alternate Base Rate shall be suspended, in each case of clause (x) and 

  7

   

  

  clause (y), until the Administrative Agent (or, in the case of a determination by the Required Lenders described in clause (ii) of this Section 2.14(b), upon the instruction of the Required Lenders) revokes such notice.  Upon receipt of such written notice, (i) the Company may revoke any pending request for a Borrowing of, conversion to or continuation of Term SOFR Loans (to the extent of the affected Term SOFR Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of ABR Loans in the amount specified therein and (ii) any outstanding Term SOFR Loans that have not been prepaid shall be deemed to have been converted to ABR Loans immediately at the end of their respective applicable Interest Period.

  (c)	Replacement of Term SOFR or SOFR Successor Rate.  Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error) or the Company or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Company) that the Company or Required Lenders (as applicable) have determined, that:

  (i)	adequate and reasonable means do not exist for ascertaining the three month Interest Period of Term SOFR, including, without limitation, because the Term SOFR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or

  (ii)	CME or any successor administrator of the Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the three month Interest Period of Term SOFR or the Term SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of U.S. Dollar denominated syndicated loans, or shall or will otherwise cease, provided that, at the time of such statement, there is no successor administrator that is reasonably satisfactory to the Administrative Agent that will continue to provide such Interest Period of Term SOFR after such specific date (the latest date on which the three month Interest Period of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the “SOFR Scheduled Unavailability Date”);   

  then, on a date and time promptly determined by the Administrative Agent (any such date, the “Term SOFR Replacement Date”), which date shall be at the end of an Interest Period or on the relevant Interest Payment Date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later than the SOFR Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any Loan Document with Daily Simple SOFR plus the SOFR Adjustment for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document (the “SOFR Successor Rate”).

  8

   

  

  If the SOFR Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest payments will be payable on a monthly basis with respect to such Daily Simple SOFR Loans. Notwithstanding anything to the contrary herein, (i) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date, or (ii) if the events or circumstances of the type described in Section 2.14(c)(i) or (ii) have occurred with respect to the SOFR Successor Rate then in effect, then in each case, the Administrative Agent and the Company may jointly amend this Agreement solely for the purpose of replacing Term SOFR or any then current SOFR Successor Rate in accordance with this Section 2.14(c) at the end of any Interest Period, relevant Interest Payment Date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar Dollar denominated credit facilities syndicated and agented in the United States for such alternative benchmark and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar Dollar denominated credit facilities syndicated and agented in the United States for such benchmark, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated. For the avoidance of doubt, any such proposed rate, and adjustments, shall constitute a “SOFR Successor Rate”. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent and the Company shall have executed such amendment and shall have posted such proposed amendment to all Lenders unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment.

  (d)	SOFR Successor Rate.  The Administrative Agent will promptly (in one or more notices) notify the Company and each Lender of the implementation of any SOFR Successor Rate.

  Any SOFR Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such SOFR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.

  Notwithstanding anything else herein, if at any time the SOFR Successor Rate as so determined would otherwise be less than zero, the SOFR Successor Rate will be deemed to be zero for purposes of this Agreement and the other Loan Documents.

  In connection with the implementation of a SOFR Successor Rate, the Administrative Agent will have the right to make SOFR Successor Rate Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such SOFR Successor Rate Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall (i) promptly notify the Borrowers in writing of such SOFR Successor Rate Conforming Changes upon the effectiveness thereof and (ii) post each such 

  9

   

  

  amendment implementing such SOFR Successor Rate Conforming Changes to the Lenders reasonably promptly after such amendment becomes effective.

  For purposes of this Section 2.14(d), those Lenders that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans shall be excluded from any determination of Required Lenders.

  m)Effective as of the Second Amendment Rate Effective Date, Section 2.15 of the Term Loan Agreement (Increased Costs) is hereby amended by (i) deleting the phrase in subsection (e) “(i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest error), and (ii)”, (ii) replacing the term “the Eurocurrency” with the term “Term SOFR” in the instance in which it appears, (iii) replacing the term “London” with the term “relevant” in the instance in which it appears and (iv) deleting the term “other” before the phrase “central banking or financial regulatory authority”.

  n)Effective as of the Second Amendment Rate Effective Date, Section 2.16 of the Term Loan Agreement (Break Funding Payments) is hereby amended by (i) replacing the terms “Eurocurrency” and “Eurocurrency Rate” with the term “Term SOFR” in each instance in which such terms appear and (ii) replacing the phrase “at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for deposits in the relevant currency of a comparable amount and period from other banks in the eurocurrency market” with the phrase “if Term SOFR were set on the date such Loan were prepaid or converted or the date on which the Borrower failed to borrow, convert or continue such Loan”.

  o)Section 3.19 of the Term Loan Agreement is hereby amended by replacing the term “EEA” with the term “Affected” in each instance in which it appears (including in the section heading).

  p)The Term Loan Agreement is hereby amended by adding the following text in its entirety as a new Section 8.14:

  SECTION 8.14  Recovery of Erroneous Payments.  Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error to any Lender, whether or not in respect of an Obligation due and owing by any Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Lender receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Lender in Same Day Funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Each Lender irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might 

  10

   

  

  otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount.  The Administrative Agent shall inform each Lender promptly upon determining that any payment made to such Lender comprised, in whole or in part, a Rescindable Amount.

  q)Section 9.18 of the Term Loan Agreement is hereby amended by (i) replacing the term “EEA Financial Institution” or “EEA Financial Institutions” with the term “Affected Financial Institution” or “Affected Financial Institutions”, as applicable, in each instance in which it appears (including in the section heading), (ii) replacing the phrase “write-down and conversion powers of an EEA” and the phrase “write-down and conversion powers of any EEA” with the phrase “Write-Down and Conversion Powers of the applicable” in each instance in which it appears and (iii) replacing the phrase “an EEA Resolution Authority” in subsection (a) with the phrase “the applicable Resolution Authority”.

  r)Effective as of the Second Amendment Rate Effective Date, Exhibit B-2 to the Term Loan Agreement (Interest Election Request) and Exhibit J to the Term Loan Agreement (Notice of Loan Prepayment) are hereby amended by replacing the term “Eurocurrency” with the term “Term SOFR” in each instance in which it appears and by deleting the column entitled “Eurocurrency Borrowings Indicate: Interest Period (e.g. 1, 2, 3 or 6 month interest period)”.

  SECTION 2.	Representations and Warranties.  The Borrower hereby represents and warrants that (a) the execution, delivery and performance by the Borrower of this Amendment and the consummation of the transactions contemplated hereby (i) are within such Person’s organizational powers and have been duly authorized by all necessary organizational action, (ii) will not violate any organizational document of such Person or any of its Subsidiaries, or, in any material respect, any law, treaty, rule or regulation, or determination of a Governmental Authority, in each case applicable to or binding upon such Person or any of its Subsidiaries or any of such Person’s property or to which such Person or any of its Subsidiaries or any of such Person’s property is subject, or any judgment, order or ruling of any Governmental Authority, and (iii) will not violate or result in a default under any material contract of the Borrower or any of its Subsidiaries or any of its assets or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries, and (b) this Amendment has been duly executed and delivered by the Borrower and constitutes the valid and binding obligation of the Borrower, enforceable against it in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.  

  SECTION 3.	Reference to and Effect on the Loan Documents.  The parties hereto hereby agree that this Amendment shall constitute a “Loan Document” for all purposes of the Term Loan Agreement.

  SECTION 4.  Conditions Precedent.  This Amendment shall become effective as of the date first set forth above upon the receipt by the Administrative Agent of counterparts to this Amendment duly executed by the Administrative Agent, each Lender and the Borrower.

  SECTION 5.	Delivery by Electronic Transmission.  Delivery of an executed counterpart of a signature page to this Amendment in electronic format (including .pdf format) by 

  11

   

  

  electronic transmission shall be effective as delivery of an original executed counterpart of this Amendment.

  SECTION 6.	GOVERNING LAW.  THIS AMENDMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY shall be governed by, and construed in accordance with, the laws of the STATE OF NEW YORK.

  SECTION 7.	Expenses.  The Borrower shall pay on demand all reasonable, documented out-of-pocket expenses in any way relating to the enforcement or protection of the Administrative Agent’s rights under this Amendment, including any incurred during any “workout” or restructuring in respect of the Obligations and any incurred in the preservation, protection or enforcement of any rights of any Credit Party in any proceeding under any Debtor Relief Laws.  The obligations of the Borrower under this provision shall survive the payment in full of the Obligations and termination of the Loan Documents.

  SECTION 8.	No Waiver.  Nothing contained herein shall constitute a waiver of, impair or otherwise affect any of the Obligations, Guaranteed Obligations or any other obligation of any party hereto.

  SECTION 9.	Survival of Representations and Warranties.  All representations and warranties made in this Amendment or any other Loan Document shall survive the execution and delivery of this Amendment, and no investigation by the Administrative Agent or the Lenders shall affect the representations and warranties or the right of the Administrative Agent and the Lenders to rely upon them.

  [Remainder of page intentionally left blank; signature pages follow]

   

  12

   

  

  IN WITNESS WHEREOF, the parties have each caused this Amendment to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written.

   

  BRUKER CORPORATION, 

  as the Company and a Borrower

   

   

   

  By: /s/ Gerald Herman

  							                Name: Gerald Herman

  Title:   Executive Vice President and Chief Financial Officer

   

  Subsidiary Guarantors:

   

   

  BRUKER SCIENTIFIC LLC

   

   

  By: /s/ Jason Faessler

  							                Name:  Jason Faessler

  Title:    Manager

   

  By: /s/ 	Roald Webster

  							                Name:  Roald Webster

  Title:    Manager

   

   

  BRUKER BIOSPIN CORPORATION

  	 

  By: /s/ Gerald Herman

  							                Name:  Gerald Herman

  Title:    Assistant Treasurer

   

   

  BRUKER AXS HOLDINGS, INC.

   

  By: /s/ Gerald Herman

  							                Name:  Gerald Herman

  Title:    Manager

   

   

   

   

  Bruker Corporation – Signature Page to Second Amendment to Term Loan Agreement

  

  BRUKER NANO, INC.

   

  By: /s/ Gerald Herman

  							                Name:  Gerald Herman

  Title:    Treasurer

   

  BANK OF AMERICA, N.A. as Administrative Agent

   

   

   

  	                                                                By: /s/	Felicia Brinson

  Name: Felicia Brinson

  Title:   Assistant Vice President

   

  BANK OF AMERICA, N.A., individually as a Lender

   

   

   

  	                                                                By: /s/ Irina Froment

  Name: Irina Froment

  Title:   Senior Vice President

   

   

  Bruker Corporation – Signature Page to Second Amendment to Term Loan Agreement

  

  TD BANK, N.A., individually as a Lender

  By: /s/ 	Steve Levi

  							                Name:  Steve Levi

  Title:    Senior Vice President

   

  M&T BANK, successor by merger to People’s United Bank, N.A., individually as a Lender

  By: /s/ Darci Buchanan

  							                Name:  Darci Buchanan

  Title:    Senior Vice President

   

  WELLS FARGO BANK, NATIONAL ASSOCIATION, individually as a Lender

  By: /s/ 	Yinghua Zhang

  							                Name:  Yinghua Zhang

  Title:    Senior Vice President

   

   

  Bruker Corporation – Signature Page to Second Amendment to Term Loan AgreementExhibit 4.1

FORM OF AMENDMENT AGREEMENT TO MARGIN LOAN AGREEMENT
​
This AMENDMENT AGREEMENT TO MARGIN LOAN AGREEMENT, dated as of September 30, 2022 (this “Agreement”), is entered into by and among LBC CHEETAH 6, LLC, a Delaware limited liability company (“Borrower”), each financial institution party to the Loan Agreement (as defined below), in each case, immediately prior to the effectiveness of this Agreement (in their respective capacities as Lenders (as such term is used in the Loan Agreement) each, a “Lender” and, collectively, the “Lenders”), BNP Paribas, New York Branch (“BNP NY”), as administrative agent (as successor to Wilmington Trust, National Association (“Wilmington Trust” and, as successor to Bank of America, N.A., in its capacity as administrative agent (the “Original Administrative Agent” and, together with Wilmington Trust, the “Preceding Administrative Agents”), together with its successors and assigns in such capacity, “Administrative Agent”), and BNP Paribas, as calculation agent (as successor to Bank of America, N.A., in its capacity as calculation agent (the “Original Calculation Agent”), together with its successors and assigns in such capacity, “Calculation Agent”).
​
RECITALS
WHEREAS, Borrower, the lenders party thereto, Administrative Agent and Calculation Agent entered into that certain Margin Loan Agreement, dated as of August 31, 2017 (the “Original Loan Agreement”) (as amended, restated, amended and restated, supplemented or otherwise modified and in effect immediately prior to the effectiveness of this Agreement, the “Loan Agreement” and, the Loan Agreement, as modified by this Agreement, the “Amended Loan Agreement”).
WHEREAS, Borrower, the Secured Parties party thereto, Administrative Agent, Calculation Agent, and U.S. Bank National Association, as securities intermediary and as a bank under the Control Agreement, are party to that certain Collateral Account Control Agreement, dated as of August 31, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified and in effect, the “Control Agreement”).
WHEREAS, (a) the Borrower has requested, and the Secured Parties have agreed to, subject to the terms and conditions of this Agreement, amend the definition of Minimum Price, and (b)  in connection with this Agreement, and as a condition to the Share Price Amendment Effective Date (as defined below), the Borrower shall deposit 6,000,000 additional CHTR Shares that are Eligible Pledged Shares on a Pro Rata Basis (as defined in the Loan Agreement) into each Additional Unrestricted Collateral Account (as defined below) of each Lender.
WHEREAS, in connection with this Agreement, each party hereto desires to supplement Annex I to the Control Agreement (as defined in the Loan Agreement) to add the additional Collateral Accounts (used herein as defined in the Control Agreement) that have been added to the Control Agreement on or prior to the date hereof and set forth on Schedule A to that certain Written Instruction Re: Pledge of Additional Shares, dated as of the date of this Agreement (such additional Collateral Accounts, the “Additional Unrestricted Collateral Accounts”).
NOW, THEREFORE, in consideration of the covenants made hereunder, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.Definitions. Except as expressly provided herein, capitalized terms used in this Agreement but not defined in this Agreement shall have the meanings set forth for such terms in the Loan Agreement.
SECTION 2.Amendments. Upon the occurrence of the Amendment, the provisions of the Loan Agreement are waived and/or amended, as applicable, as follows:

1
​
​

​

		2.1	Section 1.01 of the Loan Agreement is amended to add the following definitions in alphabetical order:

““Corporate Transaction Event” means any Issuer 251(g) Merger Event, Issuer Merger Event or Issuer Tender to Merger Event.
“Release Share Price” means $[●].”; and
“Share Price Amendment Effective Date” means October 3, 2022.” 
		2.2	the definition of “Minimum Price” in Section 1.01 of the Loan Agreement is amended and restated in its entirety as follows:

“Minimum Price” means (a) prior to the Share Price Amendment Effective Date, $[●] and (b) on and after the Share Price Amendment Effective Date, $[●]; provided that, in the event that any Share or Shares are released from the Liens under the Collateral Documents (other than in connection with a Corporate Transaction Event), the Minimum Price shall be $[●]; provided, further,  that, in the event of an Issuer Merger Event or Spin-Off Event, the Calculation Agent may adjust the Minimum Price and provide for a Minimum Price applicable to the Merger Shares or Spin-Off Shares, as applicable, as it deems reasonably necessary pursuant to Section 1.02(d).”;
		2.3	the following sentence is added at the beginning of Section 2.09(d) of the Loan Agreement:

“Notwithstanding anything to the contrary contained herein (including in this Section 2.09(d)) or in any other Loan Documents, on and after the Share Price Amendment Effective Date, other than in connection with a Corporate Transaction Event, the Borrower may not request the release of any Pledged Shares or other Collateral (other than Eligible Cash Collateral), and no Pledged Shares or other Collateral (other than Eligible Cash Collateral) shall be released from, the Lien securing the Obligations at any time when the Market Reference Price does not exceed the Release Share Price (except any release in connection with a rebalance of Collateral pursuant to Section 2.14, and/or a transfer of Collateral in connection with an assignment between or among Lenders or potential Lenders in accordance with the Loan Documents).”;
		2.4	the following proviso is added at the end of Section 7.04 of the Loan Agreement (prior to the ending period thereof):

“; provided, however, that, in no event shall a Disposition (or entry of an agreement to make a Disposition) (other than in connection with a Corporate Transaction Event) be permitted pursuant to this Section 7.04 on or after the Share Price Amendment Effective Date at any time when the Market Reference Price does not exceed the Release Share Price”; and
		2.5	the following proviso is added at the end of Section 7.07 of the Loan Agreement (prior to the ending period thereof):

“; provided, however, that, in no event shall a Restricted Payment (or incurrence of an obligation to make a Restricted Payment) of Collateral be permitted pursuant to this Section 7.07 on or after the Share Price Amendment Effective Date at any time when the Market Reference Price does not exceed the Release Share Price”.

​
2
​
​

​

SECTION 3.[Reserved].
SECTION 4.[Reserved].
SECTION 5.Conditions to Effectiveness. The Agreements shall become effective when all of the conditions set forth in this Section 5 shall have been satisfied or waived by the Lenders and, as applicable, the Administrative Agent (the “Share Price Amendment Effective Date”).
		5.1	Borrower shall have deposited not less than 6,000,000 additional CHTR Shares constituting Eligible Pledged Shares into the Lenders’ Additional Unrestricted Collateral Accounts on a Pro Rata Basis.

		5.2	Administrative Agent shall have executed this Agreement, in its capacity as Administrative Agent, and shall have received counterparts of this Agreement executed by Borrower, each Lender and the Calculation Agent.

		5.3	Administrative Agent and each Lender shall have received a certificate executed by a Responsible Officer of Borrower certifying that: (i) Each of the representations and warranties made by Borrower set forth in Article V of the Amended Loan Agreement (other than in Section 5.20 thereof) and the other Loan Documents shall be true and correct in all material respects (except to the extent such representation or warranty is already qualified by materiality, in which case to that extent it shall be true and correct in all respects) on and as of the date hereof with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects (except to the extent such representations and warranties are already qualified by materiality, in which case to that extent they shall be true and correct in all respects) as of such earlier date); and (ii) No Default shall exist as of the Share Price Amendment Effective Date or would result from the consummation of the transactions contemplated by this Agreement on the Share Price Amendment Effective Date.

		5.4	Administrative Agent and each Lender shall have received such documents and certifications as Administrative Agent or any Lender may reasonably require to evidence that Borrower is duly organized or formed under the Laws of the jurisdiction of its organization and is validly existing, in good standing and qualified to engage in business in its jurisdiction of formation and each other jurisdiction where it is conducting business.

		5.5	The Borrower shall have delivered to each Lender a Form U-1 or Form G-3 or an amendment to a Form U-1 or Form G-3 previously delivered to such Lender, duly executed by a Responsible Officer (in each case, unless such Lender has confirmed that it does not require either such form).

		5.6	Borrower shall have paid all reasonable, documented and out-of-pocket fees, charges and disbursements of counsel to the Lenders and Agents to the extent invoiced at least two (2) Business Days prior to the Share Price Amendment Effective Date; provided that such amount shall not thereafter preclude a final settling of accounts between Borrower, such Lenders and Agents; provided, further, that, in each case, in the case of legal fees and expenses, such fees and expenses shall be limited to the reasonable and documented fees, charges and disbursements of a single counsel to Agents and the Lenders, taken as a whole.

​
3
​
​

​

SECTION 6.Representations and Warranties of Borrower. By its execution of this Agreement, Borrower hereby represents and warrants to the Lenders, Administrative Agent and Calculation Agent that, as of the Share Price Amendment Effective Date (after giving effect to this Agreement):
		6.1	The execution, delivery and performance by Borrower of this Agreement has been duly authorized by all necessary corporate or other organizational action, and does not and will not (a) contravene the terms of any of its respective Organization Documents; (b) result in any breach, or default under, any Contractual Obligation to which it is a party or by which it is bound; (c) result in the creation or imposition of any Transfer Restriction or Lien on the Collateral (other than the Permissible Transfer Restrictions) under, or require any payment to be made under, any Contractual Obligation; (d) violate any written corporate policy of any Issuer applicable to Borrower or, to Borrower’s knowledge, affecting Borrower; (e) violate any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which Borrower is subject; or (f) violate any Law, except, in the case of clauses (b), (d), (e), and (f) above, where any such breach or violation, either individually or in the aggregate, has not had and could not reasonably be expected to have a Material Adverse Effect.

		6.2	No Default exists as of the date hereof.

SECTION 7.Validity of Obligations and Liens; Reaffirmation.
		7.1	Validity of Obligations. Borrower hereby ratifies and reaffirms the validity, enforceability and binding nature of the Obligations.

		7.2	Validity of Liens and Loan Documents. Borrower hereby ratifies and reaffirms the validity and enforceability (without defense, counterclaim or offset of any kind) of the Liens and security interests granted in the Security Agreement to secure the Obligations and hereby confirms and agrees that notwithstanding the effectiveness of this Agreement, and except as expressly amended by this Agreement, each such Loan Document is, and shall continue to be, in full force and effect and each is hereby ratified and confirmed in all respects except that, on and after the effectiveness of this Agreement, each reference in the Loan Documents to the “Loan Agreement”, “thereunder”, “thereof” (and each reference in the Loan Agreement to this “Agreement”, “hereunder” or “hereof”) or words of like import shall mean and be a reference to the Amended Loan Agreement.

​
4
​
​

​

SECTION 8.Execution in Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or electronic mail shall be effective as delivery of a manually executed counterpart to this Agreement. The words “execute”, “execution”, “signed”, “signature” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, 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; provided that, notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it. 
SECTION 9. Execution of Agreement. This Agreement shall be executed by Borrower, Administrative Agent, Calculation Agent and each of the Lenders. Execution of this Agreement by any Person constitutes the agreement of such Person to the terms of (and results in such Person being bound by) this Agreement and, upon the effectiveness of this Agreement, the Control Agreement, as amended hereby. 
SECTION 10.No Implied Waivers. Except as expressly set forth in this Agreement, this Agreement shall not, by implication or otherwise, limit, impair, constitute a waiver of or otherwise affect any rights or remedies of the Agents or the Lenders under the Loan Agreement or alter, modify, amend or in any way affect any of the terms, obligations or covenants contained in the Loan Agreement, other than as expressly set forth herein, all of which shall continue in full force and effect. Nothing in this Agreement shall be construed to imply any willingness on the part of the Agents or the Lenders to agree to or grant any similar or future amendment or waiver of any of the terms and conditions of the Loan Agreement.
SECTION 11.Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions of this Agreement.
SECTION 12.Integration. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This Agreement is a Loan Document.
SECTION 13.No Discharge. 
(a)   This Agreement shall not discharge or release the obligations of any Person party to any Loan Document or discharge or release any security under any Loan Document. Nothing herein contained is intended by the parties to be, or shall be, construed as a substitution or novation of the instruments, documents and agreements securing the Obligations, including but not limited to the Control Agreement, which shall remain in full force and effect. Nothing in this Agreement shall be construed as a release or other discharge of Borrower from any of its obligations and liabilities under the Loan Documents, all of which are continued on the terms set forth in the Amended Loan Agreement, the Control Agreement and the other Loan Documents (as defined in the Amended Loan Agreement).

​
5
​
​

​

SECTION 14.GOVERNING LAW. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, RELATING TO, OR INCIDENTAL TO THIS AGREEMENT, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAWS PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.
SECTION 15.SUBMISSION TO JURISDICTION; WAIVERS; ETC.
		15.1	SUBMISSION TO JURISDICTION. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING SHALL BE HEARD AND DETERMINED IN SUCH STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.

		15.2	WAIVER OF VENUE. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT REFERRED TO IN SECTION 15.1. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

		15.3	SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02 OF THE AMENDED LOAN AGREEMENT. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

		15.4	WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).

SECTION 16.Headings. Section and subsection headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect.

​
6
​
​

​

SECTION 17.Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective successors and assigns of the parties hereto (to the extent permitted by Section 10.06 of the Amended Loan Agreement).
SECTION 18.Recognition of the U.S. Special Resolution Regimes.
		18.1	In the event that any Lender that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such Lender of the Amended Loan Agreement, and any interest and obligation in or under the Amended Loan Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Amended Loan Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.

		18.2	In the event that any Lender that is a Covered Entity or a BHC Act Affiliate of such Lender becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Amended Loan Agreement that may be exercised against such Lender are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Amended Loan Agreement were governed by the laws of the United States or a state of the United States.

		18.3	Definitions.

(a)   “BHC Act Affiliate” has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. § 1841(k).
(b)   “Covered Entity” means any of the following:
		(i)  	a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

		(ii)  	a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

		(iii)  	a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

(c)   “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.
(d)   “U.S. Special Resolution Regime” means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.
SECTION 19.Authorization and Direction. By its signature below, each of the Lenders hereby authorizes and directs Administrative Agent and Calculation Agent to execute and deliver this Agreement.
​
[Signature Pages Follow]
​

​
7
​
​

​

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.
 ​
LBC CHEETAH 6, LLC, as Borrower
By: LMC Cheetah 1, LLC, as sole 
member and a manager of LBC CHEETAH 6, LLC
​
By: Liberty Broadband Corporation, as sole member and manager of LMC 
CHEETAH 1, LLC
​
​
By: __________________________________
Name: 
Title:
​

[Signature Page to Amendment Agreement to MLA]
​
​

​

BNP PARIBAS, NEW YORK BRANCH, as Administrative Agent
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:
​
BNP PARIBAS, as Calculation Agent and a Lender
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:
​
​​

[Signature Page to Amendment Agreement to MLA]
​
​

​

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
​
​
By:​ ​
Name: 
Title: 
​
​
By:​ ​
Name: 
Title: 

[Signature Page to Amendment Agreement to MLA]
​
​

​

Mizuho Bank, Ltd., as a Lender
​
​
By:​ ​
Name: 
Title:
​

[Signature Page to Amendment Agreement to MLA]
​
​
​

​

ROYAL BANK OF CANADA, as a Lender
​
​
By:​ ​
Name: 
Title:

[Signature Page to Amendment Agreement to MLA]
​
​
​

​

 ​
JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as a Lender
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:
​

[Signature Page to Amendment Agreement to MLA]
​
​
​

​

MUFG Union Bank, N.A., as a Lender
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:
​

[Signature Page to Amendment Agreement to MLA]
​
​
​

​

BANK OF AMERICA, N.A., as a Lender
​
​
By:​ ​
Name: 
Title:
​

[Signature Page to Amendment Agreement to MLA]
​
​
​

​

CANADIAN IMPERIAL BANK OF COMMERCE, as a Lender
​
​
By:​ ​
Name: 
Title:
​

[Signature Page to Amendment Agreement to MLA]
​
​
​

​

CITIBANK, N.A., as a Lender
​
​
By:​ ​
Name: 
Title:

[Signature Page to Amendment Agreement to MLA]
​
​
​

​

DEUTSCHE BANK ag, london branch, as a Lender
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:
​
​
​

[Signature Page to Amendment Agreement to MLA]
​
​
​

​

MORGAN STANLEY BANK, N.A., as a Lender
​
​
By:​ ​
Name: 
Title:
​

[Signature Page to Amendment Agreement to MLA]
​

​

SOCIÉTÉ GÉNÉRALE, as a Lender
​
​
By:​ ​
Name: 
Title:
​

[Signature Page to Amendment Agreement to MLA]
​

​

UBS AG, LONDON BRANCH, as a Lender
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:
By:​ ​​ ​​ ​​ ​​ ​
Name:
Title:

[Signature Page to Amendment Agreement to MLA]
​

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}]]