Document:

EXHIBIT 10.2

EXECUTION VERSION

THIRD AMENDMENT TO ASSET PURCHASE AGREEMENT AND AGREEMENT

THIS THIRD AMENDMENT TO THE ASSET PURCHASE AGREEMENT AND AGREEMENT (this “Amendment”) is dated as of February 27, 2017, among Performance Sports Group Ltd., an entity formed under the Laws of British Columbia (the “Company”), the Subsidiaries of the Company listed on the signature pages hereto (collectively, together with the Company, “Sellers”), 9938982 Canada Inc., a corporation organized under the Laws of Canada (“Purchaser”), and the Designated Purchasers (as defined below, and together with Sellers and Purchaser, the “Parties”).

WHEREAS, the Company, Sellers and Purchaser are party to that certain Asset Purchase Agreement dated as of October 31, 2016 (as amended pursuant to that certain First Amendment to the Asset Purchase Agreement dated as of January 6, 2017 and that Second Amendment to the Asset Purchase Agreement dated as of February 23, 2017, the “Purchase Agreement”; all capitalized terms used and not otherwise defined in this Amendment shall have the meanings ascribed to them in the Purchase Agreement);

WHEREAS, pursuant to a Notice of Designation, dated as of February 8, 2017, delivered to Sellers pursuant to Section 2.8(b) of the Purchase Agreement, Purchaser notified Sellers of the identities of the Designated Purchasers and provided Sellers with a Counterpart to the Asset Purchase Agreement, dated as of February 8, 2017, in respect of each such Designated Purchaser, namely, Bauer Innovations Canada Ltd. (f/k/a 10096784 Canada Inc.), Bauer Hockey Ltd. (f/k/a 9990089 Canada Inc.), BCE Acquisition US, Inc., Cascade Maverik Lacrosse, LLC, Bauer Hockey Retail, LLC, Bauer Hockey, LLC, Bauer Innovations US, LLC, Easton Diamond Sports, LLC (collectively, the “Designated Purchasers”);

WHEREAS, Section 10.4 of the Purchase Agreement permits amendments to the Purchase Agreement if signed in writing by all of the parties thereto;

WHEREAS, the Parties dispute whether the lease in respect of 3500 Willow Lane, Thousand Oaks, California, 91361 by and between Martin Properties, Inc. and Easton Baseball / Softball Inc. dated May 11, 2015 (the “Thousand Oaks Lease”) constitutes a “Capitalized Lease” under the Purchase Agreement for purposes of the calculation of the Specified Assumed Liability Deduction Amount at Closing (the “Capitalized Lease Issue”); and

WHEREAS, the Parties dispute whether the amount of capital expenditures made by the Sellers gives rise to a variance under Section 5.7(b)(i) of the Purchase Agreement that constitutes a breach of covenant under the Purchase Agreement, including for purposes of Section 8.3(b) thereof (the “Capex Issue”);

NOW, THEREFORE, and in consideration of the foregoing and of the representations, warranties, covenants, agreements and conditions contained herein and in the Purchase Agreement, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound hereby, agree as follows:

AMENDMENT AND AGREEMENT

	1.	Amendments to the Purchase Agreement.  The first sentence of Section 2.6(a) of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

“(a)            Payment of Purchase Price. Pursuant to the terms and subject to the conditions set forth in this Agreement, in consideration of the sale of the Acquired Assets pursuant to the terms hereof, Purchaser, on its own behalf and as agent for the relevant Designated Purchasers, shall (a) assume from Sellers the Assumed Liabilities, and (b) subject to the remaining provisions of this Section 2.6 and provisions of this Agreement regarding application of the Deposit, pay to Sellers an amount (the “Closing Purchase Price”) in cash equal to (i) the Base Purchase Price, plus or minus, as applicable (ii) the amount of the Property Tax Adjustment, as determined in accordance with the terms of Section 6.5, minus (iii) the Specified Assumed Liability Deduction Amount as such amount may be adjusted in accordance with Section 19 of the Transition Services Agreement by and among the Sellers and the Purchaser dated as of February 27, 2017, minus (iv) the PCR AE Holdback Amount, minus (v) $1,700,000, solely as consideration for the settlement of the dispute as to whether the amount of capital expenditures made by the Sellers constitutes a breach of Section 5.7(b)(i) of the Purchase Agreement, including for purposes of Section 8.3(b) thereof.

	2.	Covenants Regarding Below Issues.  In full and final resolution of the issues set forth below, the Parties covenant and agree as follows:

		a.	Capitalized Lease Issue: In full resolution of the Capitalized Lease Issue for purposes of closing the transactions contemplated by the Purchase Agreement, the Parties covenant and agree that:

		i.	Notwithstanding anything to the contrary in Section 2.7(b)(iii)(B) of the Purchase Agreement, the Company and Purchaser shall deliver, or cause to be delivered, an executed joint instruction letter instructing the Deposit Escrow Agent to (A) retain $12,008,073 of the Deposit (the “Capital Lease Escrow Amount”) until such time as the Company and Purchaser deliver to the Deposit Escrow Agent a certified copy of a final non-appealable judgment or order from the Bankruptcy Courts instructing or awarding the disbursement of such amount, or an executed joint instruction letter instructing the Deposit Escrow Agent to disburse such amount pursuant to and in accordance with such order, and (B) disburse the balance of the Deposit at the Closing to Sellers in immediately available funds.

		ii.	The Parties shall commence proceedings in the Bankruptcy Courts promptly following the Closing Date to determine, on notice to all stakeholders and with request for a hearing, the Capitalized Lease Issue and, if applicable, provide a ruling regarding the amount of the reduction of the purchase price with respect thereto; provided that, in no event shall either Party with respect to the Capitalized Lease Issue request, move or petition the Bankruptcy Courts

 

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			for damages, payments or an award or determination of such issue in an amount exceeding the Capital Lease Escrow Amount, and any such amount awarded shall be payable by releasing all or a portion of the Capital Lease Escrow Amount from the remaining Deposit Escrow as provided in clause (i) above in the amount and to the party(ies) as determined by the Bankruptcy Courts; provided further, that the Parties may settle the Capitalized Lease Issue (but in no event for an amount in excess of the Capital Lease Escrow Amount) pursuant to a settlement approved by the Bankruptcy Courts.  Each Party shall be responsible for its own fees and expenses related thereto.

		iii.	The Parties agree that the Capital Lease Escrow Amount is an agreed-upon amount solely to resolve the Capital Lease Issue for purposes of Closing and is not to be used in whole or in part as an admission or evidence regarding the amount or merits of the Capitalized Lease Issue.

		b.	Capex Issue.  In full and final resolution of the Capex Issue for all purposes under the Purchase Agreement or otherwise, the Parties agree that Sellers shall pay to Purchaser $1,700,000, which amount shall be paid to Sellers by deduction from the Base Purchase Price as set forth in Section 2.6(a) of the Purchase Agreement, as amended by this Amendment.

	3.	Seller Representation.  Sellers represent and warrant to Purchaser that Sellers’ have and are processing checks received from customers in the Ordinary Course.

	4.	Continuing Effect.  Except as expressly provided in the preceding Section 1 (Amendment to the Purchase Agreement), nothing contained herein shall constitute an amendment, modification or waiver of any provision of the Purchase Agreement and the Purchase Agreement shall remain in full force and effect.

	5.	Other Provisions.  The provisions of Article I (Interpretation) and Article X (Miscellaneous) of the Purchase Agreement are incorporated herein by reference and shall apply to the terms and conditions of this Amendment and the Parties mutatis mutandis.

[Remainder of Page Intentionally Left Blank.]

 

3

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the date set forth on the cover page of this Amendment.

	 	SELLERS:	 
	 	 	 
	 	PERFORMANCE SPORTS GROUP LTD. 	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Executive Vice President, General Counsel and Corporate Secretary	 
	 	 	 	 

	 	BPS US HOLDINGS INC.	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
EASTON BASEBALL / SOFTBALL INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
BAUER HOCKEY, INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Executive Vice President, General Counsel and Corporate Secretary	 
	 	 	 	 

	 	
BAUER HOCKEY RETAIL INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

 

[Signature page to the Third Amendment to APA and Settlement Agreement]

	 	
BAUER PERFORMANCE SPORTS UNIFORMS INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
PERFORMANCE LACROSSE GROUP INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
BPS DIAMOND SPORTS INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
PSG INNOVATION INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
BAUER HOCKEY RETAIL CORP.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

 

[Signature page to the Third Amendment to APA and Settlement Agreement]

	 	
EASTON BASEBALL / SOFTBALL CORP.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
BPS DIAMOND SPORTS CORP.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
BAUER PERFORMANCE SPORTS UNIFORMS CORP.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
PERFORMANCE LACROSSE GROUP CORP.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

	 	
PSG INNOVATION CORP.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Michael J. Wall	 
	 	NAME: 	Michael J. Wall	 
	 	TITLE:  	Secretary	 
	 	 	 	 

 

[Signature page to the Third Amendment to APA and Settlement Agreement]

	 	PURCHASER:	 
	 	 	 
	 	9938982 CANADA INC.	 
	 	 	 	 
	
 

	
By: 

	/s/ Samuel Robinson 	 
	 	NAME: 	Samuel Robinson	 
	 	TITLE:  	President	 
	 	 	 	 

	
 

	
By: 

	/s/ Sacha Haque    	 
	 	NAME: 	Sacha Haque	 
	 	TITLE:  	Secretary	 
	 	 	 	 
	 	 	 	 

	 	DESIGNATED PURCHASERS:	 
	 	 	 
	 	
BAUER HOCKEY LTD.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Samuel Robinson  	 
	 	NAME: 	Samuel Robinson	 
	 	TITLE:  	President	 
	 	 	 	 

	
 

	
By: 

	/s/ Sacha Haque	 
	 	NAME: 	Sacha Haque	 
	 	TITLE:  	Secretary	 
	 	 	 	 
	 	 	 	 

	 	
BAUER INNOVATIONS CANADA LTD.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Samuel Robinson	 
	 	NAME: 	Samuel Robinson	 
	 	TITLE:  	President	 
	 	 	 	 

	
 

	
By: 

	/s/ Sacha Haque	 
	 	NAME: 	Sacha Haque	 
	 	TITLE:  	Secretary	 
	 	 	 	 

 

 

[Signature page to the Third Amendment to APA and Settlement Agreement]

	 	BCE ACQUISITION US, INC.	 
	 	 	 	 
	
 

	
By: 

	/s/ Samuel Robinson	 
	 	NAME: 	Samuel Robinson	 
	 	TITLE:  	President	 
	 	 	 	 

	
 

	
By: 

	/s/ Sacha Haque	 
	 	NAME: 	Sacha Haque	 
	 	TITLE:  	Secretary	 
	 	 	 	 
	 	 	 	 

	 	CASCADE MAVERIK LACROSSE, LLC	 
	 	 	 	 
	
 

	
By: 

	/s/ Samuel Robinson	 
	 	NAME: 	Samuel Robinson	 
	 	TITLE:  	President	 
	 	 	 	 

	
 

	
By: 

	/s/ Sacha Haque	 
	 	NAME: 	Sacha Haque	 
	 	TITLE:  	Secretary	 
	 	 	 	 
	 	 	 	 

	 	BAUER HOCKEY RETAIL, LLC	 
	 	 	 	 
	
 

	
By: 

	/s/ Samuel Robinson	 
	 	NAME: 	Samuel Robinson	 
	 	TITLE:  	President	 
	 	 	 	 

	
 

	
By: 

	/s/ Sacha Haque	 
	 	NAME: 	Sacha Haque	 
	 	TITLE:  	Secretary	 
	 	 	 	 

 

 

[Signature page to the Third Amendment to APA and Settlement Agreement]

	 	BAUER HOCKEY, LLC	 
	 	 	 	 
	
 

	
By: 

	/s/ Samuel Robinson	 
	 	NAME: 	Samuel Robinson	 
	 	TITLE:  	President	 
	 	 	 	 

	
 

	
By: 

	/s/ Sacha Haque	 
	 	NAME: 	Sacha Haque	 
	 	TITLE:  	Secretary	 
	 	 	 	 
	 	 	 	 

	 	BAUER INNOVATIONS US, LLC	 
	 	 	 	 
	
 

	
By: 

	/s/ Samuel Robinson  	 
	 	NAME: 	Samuel Robinson	 
	 	TITLE:  	President	 
	 	 	 	 

	
 

	
By: 

	/s/ Sacha Haque	 
	 	NAME: 	Sacha Haque	 
	 	TITLE:  	Secretary	 
	 	 	 	 
	 	 	 	 

	 	
EASTON DIAMOND SPORTS, LLC

	 
	 	 	 	 
	
 

	
By: 

	/s/ Samuel Robinson	 
	 	NAME: 	Samuel Robinson	 
	 	TITLE:  	President	 
	 	 	 	 

	
 

	
By: 

	/s/ Sacha Haque	 
	 	NAME: 	Sacha Haque	 
	 	TITLE:  	Secretary	 
	 	 	 	 

 

 

[Signature page to the Third Amendment to APA and Settlement Agreement]ex10-15.htm

Exhibit 10.15

 

EXECUTION VERSION

 

CONSENT AGREEMENT

 

THIS CONSENT AGREEMENT dated November 8, 2016 (this “Consent”) is entered into among Interface, Inc., a Georgia corporation (the “Company”), the Designated Borrower party hereto (together with the Company, the “Borrowers” and each a “Borrower”), the Guarantors party hereto, the Multicurrency Lenders party hereto and BANK OF AMERICA, N.A., as Administrative Agent. All capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement (as defined below).

 

RECITALS

 

WHEREAS, the Borrowers, the Guarantors, the Lenders and Bank of America, N.A., as Administrative Agent, Domestic Swing Line Lender and L/C Issuer, entered into that certain Syndicated Facility Agreement dated October 22, 2013 (as amended by that certain First Amendment to Syndicated Facility Agreement dated October 3, 2014, and as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);

 

WHEREAS, the Company has requested consent to designate a certain Foreign Subsidiary of the Company as a Designated Borrower pursuant to the terms of Section 2.16 of the Credit Agreement;

 

WHEREAS, the Multicurrency Lenders party hereto agree to provide such requested consent subject to the terms and conditions of this Consent;

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.     Consent. Each of the undersigned Multicurrency Lenders and Loan Parties hereby acknowledges, consents and agrees to Interface Eurasia Holdings S.à r.l., a Luxembourg Société à responsabilité limitée organized and existing under the laws of Luxembourg, with registered office at 560 A, rue de Neudorf, L-2220, Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés) under number B192108 (the “Designated Borrower”), becoming a Designated Borrower pursuant to Section 2.16 of the Credit Agreement.

 

2.     Amendments to Credit Agreement. Each of the undersigned Loan Parties, Lenders and the Administrative Agent hereby agree that the Credit Agreement is amended as follows: 

 

(a)     Section 2.16 is amended by adding the following new clause (f) after clause (e):

 

(f)     No Base Rate Loans. Notwithstanding anything contained to the contrary in this Agreement or any other Loan Document, no Designated Borrower may borrow Base Rate Loans under this Agreement.

 

(b)     Section 8.02(m) is amended to read as follows:

 

(m)     in connection with a corporate restructuring, Investments consisting of the receipt or transfer of shares in first-tier Foreign Subsidiaries owned by Interface Global Company or IOH (if Interface Global Company is dissolved prior to) in one or more newly formed first-tier Foreign Subsidiaries including, without limitation, all Investments held as of the date that Interface Eurasia Holdings S.à r.l. (“Eurasia Holdings”) becomes a Designated Borrower in accordance with Section 2.16 of this Agreement, by (i) Eurasia Holdings in Interface Eurasia Enterprises S.à r.l. and (ii) IOH in Eurasia Holdings; and

 

 

 

 

 

 

3.     Conditions Precedent. This Consent shall be effective upon satisfaction of the following conditions precedent in each case in a manner reasonably satisfactory to the Administrative Agent and each Multicurrency Lender party hereto (such date, the “Consent Effective Date”):

 

(a)     Consent. Receipt by the Administrative Agent of executed counterparts of this Consent properly executed by a Responsible Officer of each Borrower, each Guarantor, the Designated Borrower and by each Multicurrency Lender party hereto and, for purposes of effectiveness of the amendment to the Credit Agreement set forth in Section 2, receipt by the Administrative Agent of executed counterparts of this Consent from each Required Lender.

 

(b)    Legal Opinion. Receipt by the Administrative Agent of a favorable opinion of legal counsel to the Designated Borrower, addressed to the Administrative Agent and each Multicurrency Lender party hereto, dated as of the Consent Effective Date.

 

(c)     Organization Documents, Resolutions, Etc. Receipt by the Administrative Agent of the following:

 

(i)      copies of the articles of incorporation, formation or equivalent charter document of the Designated Borrower, certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, together with the bylaws, operating agreement or equivalent document, in each case, certified by a secretary or assistant secretary of the Designated Borrower to be true and correct as of the Consent Effective Date;

 

(ii)     such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of the Designated Borrower as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Consent and the other Loan Documents to which such Person is a party; and

 

(iii)     such documents and certifications as the Administrative Agent may reasonably require to evidence that the Designated Borrower is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation.

 

(d)     OFAC, Patriot Act, Etc. Receipt by the Administrative Agent and any requesting Multicurrency Lender party hereto of all documentation and other information that the Administrative Agent or such Multicurrency Lender has reasonably requested in order to comply with its ongoing obligations under applicable “know your customer”, OFAC and Anti-Money Laundering Laws, including the Patriot Act.

 

4.       Miscellaneous.

 

(a)     This Consent shall be deemed to be, and is, a Loan Document.

 

 

 

 

 

 

(b)     Each of the Borrowers, the Guarantors and the Designated Borrower (i) acknowledges and consents to all of the terms and conditions of this Consent, (ii) agrees that this Consent and all documents executed in connection herewith do not operate to reduce or discharge its obligations under the Credit Agreement or the other Loan Documents or any certificates, documents, agreements and instruments executed in connection therewith and (iii) affirms all of its obligations under the Loan Documents.

 

(c)     Each of the Borrowers, the Guarantors and the Designated Borrower hereby represents and warrants to the Administrative Agent and the Multicurrency Lenders party hereto as follows:

 

(i)     such Person has taken all necessary action to authorize the execution, delivery and performance of this Consent;

 

(ii)     this Consent has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (A) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (B) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity);

 

(iii)     no consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by any Person of this Consent; and

 

(iv)     the representations and warranties of the Loan Parties set forth in Article VI of the Credit Agreement and in each other Loan Document, or which are contained in any document furnished in connection therewith, are true and correct on and as of the date of this Consent, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of hereof, the representations and warranties contained in Section 6.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 7.01 of the Credit Agreement.

 

(d)     This Consent may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same agreement. Delivery of an executed counterpart of this Consent by telecopy, pdf or other similar electronic transmission shall be effective as an original and shall constitute a representation that an executed original shall be delivered.

 

(e)     Rules of Interpretation. Each of the parties hereto acknowledges and agrees that, as used in this Consent and all other documents entered into or delivered in connection herewith (including, without limitation, that certain Designated Borrower Request and Assumption Agreement dated as of October 21, 2016 and those certain Revolving Notes of even date herewith), the word “execute” (and all forms thereof) shall be interpreted to have the meaning customarily given to such term in the United States as well as the meaning customarily given to the transliterated meaning for the word “sign” (and all forms thereof) in Luxembourg. 

 

 

 

 

 

 

(f)     Governing Law; Jurisdiction; Etc.

 

(i)     GOVERNING LAW. THIS CONSENT 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 CONSENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF GEORGIA WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF.

 

(ii)     SUBMISSION TO JURISDICTION. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against ANY OTHER Party of the foregoing in any way relating to this CONSENT or the transactions relating hereto, in any forum other than THE COURTS OF THE STATE OF GEORGIA SITTING IN FULTON COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE NORTHERN DISTRICT OF GEORGIA, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH GEORGIA 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, LITIGATION 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.

 

(iii)     WAIVER OF VENUE. EACH LOAN PARTY 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 CONSENT IN ANY COURT REFERRED TO IN PARAGRAPH (II) OF THIS SECTION. 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.

 

(iv)     SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.02 OF THE CREDIT AGREEMENT. NOTHING IN THIS CONSENT OR THE CREDIT AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

 

[Signature pages follow]

 

 

 

 

 

  

IN WITNESS WHEREOF, the parties hereto have caused this Consent to be duly executed as of the date first above written.

 

	
COMPANY: 
	
INTERFACE, INC.,

	
 
	
a Georgia corporation

 

By:           /s/ Patrick C. Lynch                         

Name:     Patrick C. Lynch

Title:       Senior Vice President

	  	 
	
DESIGNATED 

BORROWERS:
	
 

INTERFACE EUROPE B.V., 

a private limited liability company organized under the laws of the Netherlands

 

By:           /s/ Jan Hasselman                         

Name:     Jan Hasselman

Title:       Director

 

INTERFACE AUST PTY LIMITED,

a company organized under the laws of New South Wales, Australia

 

By:           /s/ Patrick C. Lynch                         

Name:     Patrick C. Lynch

Title:       Attorney

 

By:           /s/ Keith E. Wright                         

Name:     Keith E. Wright

Title:       Attorney

 

INTERFACE AUST. HOLDINGS PTY LIMITED, 

a company organized under the laws of Queensland, Australia

 

By:           /s/ Patrick C. Lynch                         

Name:     Patrick C. Lynch

Title:       Attorney

 

By:           /s/ Keith E. Wright                         

Name:     Keith E. Wright

Title:       Attorney

                   

 

	
 
	
CONSENT AGREEMENT
INTERFACE, INC.

  

 

 

 

 

	
 
	
INTERFACEFLOR (THAILAND) CO., LTD.

a company organized and existing under the laws of Thailand

 

By:           /s/ Patrick C. Lynch                         

Name:     Patrick C. Lynch

Title:       Director

 

By:           /s/ Raymond S. Willoch                         

Name:     Raymond S. Willoch

Title:       Director

 

[seal]

	
 
	
 

	
GUARANTORS:
	
FLOR, INC., 

	 	
a Georgia corporation

INTERFACE AMERICAS, INC., 

a Georgia corporation

INTERFACEFLOR, LLC,

a Georgia limited liability company

INTERFACE OVERSEAS HOLDINGS, INC.,

a Georgia corporation

RE:SOURCE AMERICAS ENTERPRISES, INC.,

a Georgia corporation

 

 

By:       /s/ Patrick C. Lynch                    

Name: Patrick C. Lynch

Title: Senior Vice President

 

INTERFACESERVICES, INC.,

a Georgia corporation

 

By:       /s/ Keith E. Wright                    

Name: Keith E. Wright

Title: Treasurer

 

INTERFACE REAL ESTATE HOLDINGS, LLC, 

a Georgia limited liability company

 

By: Interface Americas Holdings, LLC, its sole member

 

By: Interface, Inc., its Manager

 

 

By:       /s/ Patrick C. Lynch                    

Name: Patrick C. Lynch

Title: Senior Vice President

 

 

 

	
 
	
CONSENT AGREEMENT
INTERFACE, INC.

  

 

 

 

  

	
 
	
INTERFACE AMERICAS HOLDINGS, LLC,

a Georgia limited liability company

 

By: Interface, Inc., its Manager

 

 

By:       /s/ Patrick C. Lynch                    

Name: Patrick C. Lynch

Title: Senior Vice President

	
 
	
 

	
DESIGNATED BORROWER:    
	
Interface Eurasia Holdings S.à r.l., 

	 	
a Luxembourg Société à responsabilité limitée

 

By:      /s/ Keith J. Armstrong          
Name: Keith J. Armstrong
Title: Category A Manager

 

By:       /s/ Christophe     Fender          
Name: Christophe FENDER
Title: Category B Manager

               

 

 

	
 
	
CONSENT AGREEMENT
INTERFACE, INC.

 

 

 

 

	
ADMINISTRATIVE 

AGENT:
	
bank of america, n.a.,
as Administrative Agent

	 	 
	 	 
	 	
By:      /s/ Maurice Washington               

Name: Maurice Washington

Title: Vice President

 

 

 

	
MULTICURRENCY LENDERS:
	
BANK OF AMERICA, N.A.,
as a Multicurrency Lender

	 	 
	 	
By:      /s/ Brooke Wiehe                             

Name: Brooke Wiehe

Title: Senior Vice President

 

JPMORGAN CHASE BANK, N.A.,

as a Multicurrency Lender

 

By:     /s/ Blakely Engel                    

Name: Blakely Engel

Title: Vice President

 

REGIONS BANK, 

as a Multicurrency Lender

 

By:      /s/ A. Barrett Dows                           

Name: A. Barrett Dows 

Title:   Vice President

 

SUNTRUST BANK, 

as a Multicurrency Lender

 

By:     /s/ Chris Hursey                                 

Name: Chris Hursey 

Title:  Director

 

CITIBANK, N.A., 

as a Multicurrency Lender 

 

By:     /s/ John Van Brederode                     

Name: John Van Brederode

Title: Vice President

 

 

 

	
 
	
CONSENT AGREEMENT
INTERFACE, INC.

   

 

 

 

 

 

	
 
	
SYNOVUS BANK, 

as a Multicurrency Lender

 

By:     /s/ John R. Frierson          

Name: John R. Frierson

Title:  Senior Vice President

 

BRANCH BANKING AND TRUST COMPANY, 

as a Multicurrency Lender

 

By:     /s/ Brantley Echols          

Name: Brantley Echols

Title: Senior Vice President

 

US BANK NATIONAL ASSOCIATION, 

as a Multicurrency Lender

 

By:     /s/ Marty McDonald          

Name: Marty McDonald

Title: AVP

 

BARCLAYS BANK PLC, 

as a Multicurrency Lender

 

By:     /s/ Christopher M. Aitkin     

Name: Christopher M. Aitkin

Title:  Assistant Vice President

 

TD BANK, N.A., 

as a Multicurrency Lender

 

By:     /s/ Craig Welch          

Name: Craig Welch

Title:     Senior Vice President

 

PNC BANK, NATIONAL ASSOCIATION, 

as a Multicurrency Lender

 

By:     /s/ Rob Hoover          

Name: Rob Hoover

Title:  Vice President

	
 
	
 

 

 

	
 
	
CONSENT AGREEMENT
INTERFACE, INC.

 
 

 

 

 

  

	
 
	
FIFTH THIRD BANK, 

as a Multicurrency Lender

 

By:     /s/ Jonathan James          

Name: Jonathan James

Title:  SVP

	
 
	
 

 

ACKNOWLEDGED AND AGREED TO AS OF THE DATE OF THIS CONSENT SOLELY FOR THE PURPOSE OF SECTION 2 OF THIS CONSENT AND FOR NO OTHER PURPOSE:

 

	
 
	
BANK OF AMERICA, N.A.,
as a Term Loan A Lender, L/C Issuer and Domestic Swing Line Lender

 

By:     /s/ Brooke Wiehe          

Name: Brooke Wiehe

Title:  Senior Vice President

 

BANK OF AMERICA, N.A., AUSTRALIAN BRANCH, 

as Australian Swing Line Lender

 

By:     /s/ Karl Eisenhammer          

Name: Karl Eisenhammer

Title:   Vice President

 

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED, 

as European Swing Line Lender

 

By:     /s/ Fiona Malitsky               

Name: Fiona Malitsky

Title:   Vice President

 

BANK OF AMERICA, N.A., BANGKOK BRANCH,
as a Thai Lender

 

By:     /s/ Omkanya P., /s/ Nattaphan A.     

Name: Omkanya P./Nattaphan A.

Title:   Managing Director/Director

	
 
	
 

	
 
	
 

 

 

	
 
	
CONSENT AGREEMENT
INTERFACE, INC.

 
 

 

 

 

  

	
 
	
BANK OF AMERICA, N.A. (THAILAND BRANCH), 

as Thai Swing Line Lender

 

By:     /s/ Omkanya P., /s/ Nattaphan A.     

Name: Omkanya P./Nattaphan A.

Title:   Managing Director/Director

 

JPMORGAN CHASE BANK, N.A.,

as a Term Loan A Lender

 

By:     /s/ Blakely Engel          

Name: Blakely Engel

Title:   Vice President

 

REGIONS BANK, 

as a Term Loan A Lender

 

By:     /s/ A. Barrett Dows               

Name: A. Barrett Dows

Title:   Vice President

 

SUNTRUST BANK, 

as a Term Loan A Lender

 

By:     /s/ Chris Hursey          

Name: Chris Hursey

Title:   Director

 

PNC BANK, NATIONAL ASSOCIATION, 

as a Term Loan A Lender

 

By:     /s/ Rob Hoover          

Name: Rob Hoover

Title:   Vice President

 

CITIBANK, N.A. BANGKOK BRANCH, 

as a Thai Lender

 

By:     /s/ John Van Brederode     

Name: John Van Brederode

Title:   Vice President

 

 

	
 
	
CONSENT AGREEMENT
INTERFACE, INC.

 

 

 

 

 

	
 
	
 

	
 
	
SYNOVUS BANK, 

as a Term Loan A Lender

 

By:     /s/ John R. Frierson          

Name: John R. Frierson

Title:   Senior Vice President

 

BRANCH BANKING AND TRUST COMPANY, 

as a Term Loan A Lender

 

By:     /s/ Brantley Echols          

Name: Brantley Echols

Title:   Senior Vice President

 

US BANK NATIONAL ASSOCIATION, 

as a Term Loan A Lender 

 

By:     /s/ Marty McDonald                    

Name: Marty McDonald

Title:   AVP

 

FIFTH THIRD BANK, 

as a Term Loan A Lender

 

By:     /s/ Jonathan James                    

Name: Jonathan James

Title:   SVP

 

 

 

 

 

 

	
 
	
CONSENT AGREEMENT
INTERFACE, INC.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}]]