Document:

Exhibit 10.6 2015 Q2_Redacted Addendum to Cognizant AO Agreement

Exhibit  10.6

The mark *** indicates that text has been redacted pursuant to a request for confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended, and filed separately with the Securities and Exchange Commission.
 

ADDENDUM TO THE
MASTER STAFF AUGMENTATION AND APPLICATION DEVELOPMENT SERVICES AGREEMENT;
MASTER SERVICE AGREEMENT DATED SEPTEMBER 30, 2008; AND
MASTER SERVICE AGREEMENT DATED JANUARY 23, 2009

This Addendum to the Master Staff Augmentation and Application Development Services Agreement dated May 3, 2006, the Master Services Agreement dated September 30, 2008 and the Master Services Agreement dated January 23, 2009 (“Addendum”), made July 1, 2015 (“Addendum Effective Date”) by and between Cognizant Technology U.S. Corporation ("Supplier”) and Health Net, Inc. (“Health Net”), modifies each of the foregoing agreements.  In the event of a conflict between this Addendum and any of the foregoing agreements, this Addendum will prevail.  

This Addendum is made with reference to the following:

A.    On May 3, 2006, Supplier and Health Net entered into a Master Staff Augmentation and Application Development Services Agreement (the "Staff Augmentation Agreement");

B.    On September 30, 2008, Supplier and Health Net entered into a Master Services Agreement for applications services (the "AO Agreement");

C.    On January 23, 2009, Supplier and Health Net entered a Master Services Agreement for business processing services (the "BPO Agreement");

D.    The Staff Augmentation Agreement, the AO Agreement and the BPO Agreement are hereinafter collectively referred to as the "Agreements" and, unless specified otherwise, individually referred to as an "Agreement."

E.    Supplier and Health Net now wish to extend the terms of the Agreements and modify their termination and minimum revenue commitment provisions.

NOW, THEREFORE, in consideration of the mutual promises, covenants, agreements and other undertakings set forth herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:

1.    Definitions.    Defined terms used in this Addendum, including the recitals above, shall have the same meaning as in the Agreements unless otherwise specifically defined herein.  

2.    Minimum Revenue Commitment.

(a)    "Minimum Revenue Commitment" means the value of services that Health Net agrees to acquire from Supplier pursuant to this Section 2 (Minimum Revenue Commitment).  

(i)    During the period of July 1, 2015, to December 31, 2015, Health Net shall acquire from Supplier services pursuant to the Agreements with an aggregate charge of at least *** Dollars ($***).  

(ii)    During the years 2016 through 2020, Health Net agrees to acquire services pursuant to the Agreements with an aggregate minimum charge in each calendar year as follows:

	
						
	 
	2016
	2017
	2018
	2019
	2020

	Minimum Revenue Commitment (Staff Augmentation, AO and BPO Agreements Combined)
	$***
	$***
	$***
	$***
	$***

	 
	 
	 
	 
	 
	 

(b)    Services acquired by Health Net that count toward the Minimum Revenue Commitment include services that are currently contracted under an Agreement, but remain unperformed as of July 1, 2015, including Projects that are the subject of the AO Agreement and Staff Augmentation Agreement.

(c)    ***

3.    Final Agreement.    Except as modified by this Addendum, all of the terms and conditions of the Agreements remain in full force and effect. This Addendum may not be modified except in writing signed by both parties hereto.  This Addendum, the Agreements and all exhibits and schedules thereto constitute the entire agreement of the parties with respect to the subject matter contained therein and supersede any and all prior or contemporaneous agreements between the parties, whether oral or written, concerning the subject matter contained herein.

IN WITNESS WHEREOF, the parties hereto by their duly authorized representatives executed this Addendum to be effective as of the Addendum Effective Date.

HEALTH NET, INC.                    COGNIZANT TECHNOLOGY SOLUTIONS
U.S. CORPORATION

By    /s/ James E. Woys                By    /s/ Frank Marty            

Name    James E. Woys                    Name    Frank Marty            

Title    CFO & COO                    Title    Chief Counsel Strategic DealsTRS-063015-Exh 10.6

Exhibit 10.6

AMENDMENT NO. 6 TO AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT

AMENDMENT NO. 6 TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (as amended, supplemented or otherwise modified and in effect from time to time, this “Amendment”), effective as of June 29, 2015 the “Effective Date”), among TRIMAS CORPORATION, a Delaware corporation (“TriMas Corp.”), the subsidiaries of TriMas Corp. identified as Sellers on Schedule I, as sellers (each, individually, a “Seller” and collectively, together with the New Seller identified below, the “Sellers”), and TSPC, INC., a Nevada corporation, as purchaser (in such capacity, the “Purchaser”). 
W I T N E S S E T H :
WHEREAS, TriMas Corp., the Sellers and the Purchaser are parties to that certain Amended and Restated Receivables Purchase Agreement dated as of December 29, 2009, as amended from time to time (the “Agreement;” capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the Agreement); and
WHEREAS, the parties wish to amend the Agreement on the terms and conditions hereinafter set forth. 
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby agreed by and among the parties as follows: 
1.    Amendments.  Effective as of the Effective Date, Schedule I of the Agreement is hereby amended and restated in its entirety as set forth on Exhibit A hereto, and each of Cequent Consumer Products, Inc. and Cequent Performance Products, Inc. (each of the foregoing, a “Withdrawing Seller”) shall cease to be a “Seller” under the Agreement.  
2.    Representations and Warranties.  In order to induce the Purchaser to enter into this Amendment and the Administrative Agent and LC Issuer to consent to the terms hereof, each of the Sellers (other than the Withdrawing Sellers) hereby represents and warrants to the Purchaser, the Administrative Agent and LC Issuer as of the Effective Date, as follows:
(a)    Legal Existence and Power.  Such Seller is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of the state of its organization and has all requisite corporate or limited liability company power and all material governmental licenses, authorizations, consents 

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and approvals required to carry on its business in each jurisdiction in which its business is now conducted except where the failure to have such licenses, authorizations, consents and approvals would not have a Material Adverse Effect. Such Seller is duly qualified to do business in, and is in good standing in, every other jurisdiction in which the nature of its business requires it to be so qualified, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect. 
(b)    Entity and Governmental Authorization; Contravention. The execution, delivery and performance by such Seller of this Amendment are within such Seller’s corporate or limited liability company powers, have been duly authorized by all necessary corporate or limited liability company action, require no action by or in respect of, or filing with, any Official Body or official thereof, and do not contravene, or constitute a default under, any provision of applicable law, rule or regulation or of the Certificate of Incorporation or the By-Laws (or other organizational documents) of such Seller or of any agreement, judgment, injunction, order, writ, decree or other instrument binding upon the Seller or result in the creation or imposition of any Adverse Claim on the assets of such Seller (except those created by the Agreement and the Receivables Transfer Agreement). 
(c)    Binding Effect. The Agreement, as amended by this Amendment, constitutes the legal, valid and binding obligation of such Seller, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting the rights of creditors and general equitable principles (whether considered in a proceeding in equity or at law). 
(d)    Solvency. Such Seller is not insolvent, does not have unreasonably small capital with which to carry on its business, is able to pay its debts generally as they become due and payable, and its liabilities do not exceed its assets.  TriMas Corp. is, and TriMas Corp. and its Subsidiaries are, on a consolidated basis, solvent. 
(e)    Consents, Licenses, Approvals, Etc. No consents, including, without limitation, consents under loan agreements and indentures to which any Seller or its Affiliates are parties, licenses or approvals are required in connection with the execution, delivery and performance by such Seller of this Amendment,  or the validity and enforceability against such Seller of this Amendment except such consents, licenses and approvals as have already been obtained and that remain in full force and effect on the date hereof. 

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(f)    No Litigation. There is no pending or, to its knowledge after due inquiry, threatened action or proceeding affecting such Seller or any of its Subsidiaries before any Official Body that could reasonably be expected to have a Material Adverse Effect.
3.    Conditions Precedent.  This Amendment shall become effective when each of the following conditions precedent has been satisfied:
(a)    The Administrative Agent shall have received: (i) counterparts of this Amendment, duly executed by each of the parties hereto and consented to by the Administrative Agent and the LC Issuer, and (ii) payment of its legal fees incurred in connection with the Agreement and this Amendment;
(b)    Each of the representations and warranties contained in Section 2 of this Amendment shall be true and correct in all material respects, it being understood that the foregoing materiality qualifier shall not apply to any representation that itself contains a materiality threshold; and
(c)    The parties to the Receivables Transfer Agreement shall have entered into Amendment No. 6 thereto.
4.    Miscellaneous.
4.1.    This Amendment shall be governed by and construed in accordance with the laws of the State of New York. 
4.2.    The parties hereto hereby submit to the nonexclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York state court sitting in The City of New York for purposes of all legal proceedings arising out of or relating to this agreement or the transactions contemplated hereby. Each party hereto hereby irrevocably waives, to the fullest extent it may effectively do so, any objection which it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. Nothing in this Section 4.2 shall affect the right of the Purchaser to bring any other action or proceeding against any of the Sellers or its property in the courts of other jurisdictions. 
4.3.    This Amendment may be executed in two or more counterparts thereof (and by different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile or by electronic mail with a .PDF or other image 

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of a signed counterpart attached shall be effective as delivery of a manually executed counterpart of this Amendment to the fullest extent permitted by applicable law. 
4.4.    This Amendment will inure to the benefit of and will be binding upon the parties hereto and their respective successors, transferees and permitted assigns.  The RTA Purchasers, the LC Issuer and the Administrative Agent are each intended by the parties hereto to be third-party beneficiaries of this Amendment. 
4.5.    The headings herein are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof.  Schedule I referred to herein shall constitute a part of this Amendment and is incorporated into this Amendment for all purposes.
4.6.    Each of the parties hereto hereby waives any right to have a jury participate in resolving any dispute, whether sounding in contract, tort or otherwise among any of them arising out of, connected with, relating to or incidental to the relationship between them in connection with this Amendment. The provisions of this Section shall be continuing and shall survive any termination of the Agreement as amended hereby. 

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IN WITNESS WHEREOF, TriMas Corp., the Purchaser and the Sellers each have caused this Amendment to be duly executed by their respective officers as of the day and year first above written. 
	
			
	 
	 
	TRIMAS CORPORATION

	 
	 
	 

	 
	By:
	/s/ Robert J. Zalupski

	 
	 
	Name:   Robert J. Zalupski
Title:     Chief Financial Officer

	 
	 
	 

	 
	 
	As Sellers:

	 
	 
	 

	 
	 
	ARROW ENGINE COMPANY, A DELAWARE CORPORATION, 
LAMONS GASKET COMPANY, A DELAWARE CORPORATION,
MONOGRAM AEROSPACE FASTENERS, INC., A DELAWARE CORPORATION,
NORRIS CYLINDER COMPANY, A DELAWARE CORPORATION,
RIEKE CORPORATION, AN INDIANA CORPORATION, 
ARMINAK & ASSOCIATES, LLC, A DELAWARE LIMITED LIABILITY COMPANY,
INNOVATIVE MOLDING, A CALIFORNIA CORPORATION,
MARTINIC ENGINEERING, INC., A CALFORNIA CORPORATION, AND
ALLFAST FASTENING SYSTEMS, LLC, A CALIFORNIA LIMITED LIMITED LIABILITY COMPANY

	 
	 
	 

	 
	By:
	/s/ Joshua A. Sherbin

	 
	 
	Name:   Joshua A. Sherbin
Title:     Vice President and Secretary

	
			
	 
	 
	CEQUENT PERFORMANCE PRODUCTS, INC., A DELAWARE CORPORATION,
CEQUENT CONSUMER PRODUCTS, INC., AN OHIO CORPORATION

	 
	 
	 

	 
	By:
	/s/ Jay Goldbaum

	 
	 
	Name:   Jay Goldbaum
Title:     Vice President and Secretary

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	As the Purchaser:

	 
	 
	 

	 
	 
	TSPC, INC.

	 
	 
	 

	 
	By:
	/s/ Joshua A. Sherbin

	 
	 
	Name:   Joshua A. Sherbin
Title:     Vice President and Secretary

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Acknowledged, consented to and agreed as of the date first above written: 
	
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as LC Issuer and as Administrative Agent

	 
	 
	 

	By:
	/s/ Ryan Tozier
	 

	 
	Name:   Ryan Tozier
Title:     Vice President
	 

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EXHIBIT A
SCHEDULE I
TO RECEIVABLES PURCHASE AGREEMENT

List of Sellers

	
			
	Corporate Name
	Address of Chief Executive Office
	County

	Allfast Fastening Systems, LLC
	15200 Don Julian Road, City of Industry, CA 91745
	Los Angeles

	Arrow Engine Company
	2301 E. Independence, Tulsa, OK 74110
	Tulsa

	Lamons Gasket Company
	7300 Airport Boulevard, Houston, TX 77061
	Fort Bend

	Monogram Aerospace Fasteners, Inc.
	3423 S. Garfield Ave., City of Commerce, CA 90040
	Los Angeles

	Norris Cylinder Company
	1535 FM 1845 S., P.O. Box 7486, Longview, TX 75603
	Gregg

	Rieke Corporation
	500 W. Seventh St., Auburn, IN 46706
	De Kalb

	Arminak & Associates, LLC
	1350 Mountain View Circle, Azusa, CA 91702

	Los Angeles

	Innovative Molding
	1200 Valley House Drive, #100, Rohnert Park, CA  94928

	Sonoma

	Martinic Engineering, Inc.
	10932 Chestnut Ave, Stanton, CA 90680
	Orange

CHDS01 959420v2
    

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