Document:

mram_Ex10_4

		
			Exhibit 10.4
		

		
			LEASE TERMINATION AGREEMENT
		

		
			This Lease Termination Agreement (this "Agreement") is made and entered into as of April 12, 2018 (the "Effective Date"), by and between JUTLAND 4141 INVESTMENTS, LTD., a California limited partnership ("Landlord"), and everspin technologies, inc., a Delaware corporation ("Tenant").
		

		
			RECITALS
		

		
			Landlord and Tenant are parties to that certain Office Lease Agreement dated as of January 7, 2011 (the "Original Lease"), as amended by that certain First Amendment to Commercial Office Lease dated as of January [undated], 2015 (the "First Amendment" and, together with the Original Lease, the "Lease"), pursuant to which Landlord leases to Tenant, and Tenant leases from Landlord, certain premises containing approximately 11,837 rentable square feet and commonly known as Suites 200 and 220 (the "Premises"), in the office building located at 1347 N. Alma School Road, Chandler, Arizona (the "Building"), in the office project commonly known as Chandler Office Center (the "Project"), as more particularly described in the Lease.  The parties now desire to terminate the Lease in accordance with the terms and conditions of this Agreement.
		

		
			AGREEMENT
		

		
			NOW, THEREFORE, in consideration of the mutual covenants and upon the conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:
		

		
			1.          Termination of Lease.  Effective as of April 13, 2018 (the "Termination Date"), the Lease shall be deemed terminated and Tenant shall surrender to Landlord all of Tenant's right, title and interest in and to the Premises, the Lease and any other rights of occupancy with respect to the Premises.  Subject to the terms of this Agreement, from and after the Termination Date, Tenant shall have no further rights whatsoever (occupancy or otherwise) to the Premises or under the Lease, and Landlord and Tenant shall have no further duties or obligations to one another in connection with the Lease, except for (i) Tenant's obligations to continue performance of all obligations under the Lease (including, without limitation, Tenant's obligation to pay rent and all other charges and amounts due under the Lease) until such time as Tenant has properly surrendered the Premises in accordance with the terms of the Lease; (ii) Tenant's obligations under this Agreement, and (iii) the obligations of Tenant under the Lease and/or at law which are specifically stated to survive the expiration or earlier termination of the Lease (collectively, the "Surviving Obligations"). Tenant hereby acknowledges and agrees that, notwithstanding anything to the contrary contained in the Lease or this Agreement, the Surviving Obligations shall include, without limitation, Tenant's indemnification obligations contained in the Lease. 
		

		
			2.          Agreement Contingency.  Notwithstanding anything to the contrary herein, Landlord and Tenant hereby acknowledge and agree that this Agreement (and the early termination of the Lease pursuant to the terms of this Agreement) is expressly conditioned upon the execution of a lease agreement (satisfactory to Landlord in its sole and absolute discretion), on or prior to, or concurrently with, the Effective Date, between Landlord and a third party tenant for the lease of the Premises (the "Third-Party Lease").  The foregoing condition is for the sole benefit of Landlord and, accordingly, may be waived only by Landlord (in its sole and absolute discretion) in writing, and not by Tenant or any other party.  If the foregoing condition is not satisfied or waived in writing by Landlord, then the other terms and conditions of this Agreement shall be null and void and of no force or effect, unless otherwise designated by Landlord 
		

		
			
		

		
			

		 

 

		

		
			within ten (10) business days after the Effective Date. 
		

		
			3.          Termination Fee.  In consideration of Landlord accepting the early termination of the Lease pursuant to this Agreement, on or before May 1, 2018 (the "Termination Fee Date"), Tenant shall pay to Landlord the amount of Forty-Two Thousand Five Hundred Forty-Five and 80/100 Dollars ($42,545.80) in immediately available funds (the "Termination Fee").  The Termination Fee shall constitute separate consideration for Landlord's acceptance of the early termination of the Lease as described above and shall not be applied against any other amounts that may be due and payable by Tenant to Landlord on account of any Surviving Obligations.  In the event that this Agreement is terminated pursuant to Section 2 above after Tenant has paid the Termination Fee to Landlord, then Landlord shall return the Termination Fee to Tenant within ten (10) days following such termination of this Agreement.
		

		
			4.          Security Deposit.  Landlord and Tenant hereby acknowledge and agree that Landlord is holding a Security Deposit in the amount of Twenty Thousand Three Hundred Eighty-Two and 00/100 Dollars ($20,382.00).  Within thirty (30) days following the full performance by Tenant of all of its obligations under the Lease and this Agreement (including, without limitation, the payment of the Termination Fee pursuant to Section 3 above), Landlord shall return any unapplied portion of such Security Deposit to Tenant.
		

		
			5.          Condition of Premises. As of the Termination Date, Tenant has surrendered the Premises to Landlord in its currently existing "as is" condition , normal wear and tear excepted.  In consideration of Lessor's receipt of the Termination Fee as set forth above, and Tenant's execution of the Bill of Sale described in this Section 5 below, Landlord accepts the Premises in such "as is" condition and waives Tenant's obligations with respect to removal, surrender and restoration of the Premises, including Tenant's obligations under Section 2.03 of the Original Lease.  Concurrently with Tenant's execution and delivery of this Agreement, Tenant shall execute and deliver to Landlord a bill of sale in substantially the form of Exhibit A attached hereto (the "Bill of Sale"), relinquishing any rights of Tenant in and to any and all personal property, fixtures, furniture and equipment existing in the Premises as of the date of this Agreement.  
		

		
			6.          Release by Tenant.  Effective on the Termination Date, Tenant, on behalf of itself and its predecessors, successors, affiliates and assigns, and all other persons, firms and corporations claiming through Tenant, and each of them (collectively, the "Tenant Releasing Parties"), do hereby release Landlord and its predecessors, successors, affiliates and assigns, and their respective partners, officers, shareholders, agents, contractors, representatives, members, employees and attorneys (collectively the "Landlord Released Parties"), of and from any and all claims, demands, disputes, damages, liabilities, obligations, controversies, debts, costs, expenses, lawsuits, actions, causes of action and other rights to relief, both legal and equitable, of every kind and nature, whether now known or unknown, suspected or unsuspected, past or present, contingent or fixed, which the Tenant Releasing Parties, or any of them, now have, had, or at any time hereafter may have, against the Landlord Released Parties, or any of them, arising out of or in connection with the Lease, the Premises, or any dealings between the Landlord Released Parties, or any of them, on the one hand, and the Tenant Releasing Parties, or any of them, on the other hand.  In connection therewith, Tenant hereby expressly waives all rights which it has, or may hereafter claim to have, that any claim, demand, obligation and/or cause of action has, through ignorance, oversight or error, been omitted from the terms of this Agreement.  In connection therewith, Tenant hereby expressly waives all rights which it has, or may hereafter claim to have, that any claim, demand, obligation and/or cause of action has, through ignorance, oversight or error, been omitted from the terms of this Agreement, and hereby expressly waives all rights it may have, or claim to have, under the provisions of California Civil Code Section 1542, or equivalent law of any jurisdiction, which provides: 
		

		
			"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THE 
		

		
			
		

		
			

		 

 

		

		
			CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR."
		

		
			 
		

			
					
						 

					
					
						/s/ JW     

					
					
						 

				
	
					
						 

					
					
						Tenant's Initials

					
					
						 

				

		
			 
		

		
			7.          Representations and Warranties.  Tenant hereby makes the following representations and warranties to Landlord (all of which representations and warranties, together with all other representations and warranties made in this Agreement by Tenant, shall survive the mutual execution and delivery of this Agreement): (i) Tenant has the full power, authority and legal right to enter into and to perform and observe the provisions of this Agreement without the authorization or consent of any other party or entity; (ii) Tenant has not assigned, sublet, transferred or conveyed, and agrees not to assign, sublet, transfer or convey its interest in the Premises, the Lease or any claims or potential claims it may have against Landlord or any of the Landlord Released Parties; and (iii) Landlord is not in default under the Lease and Tenant does not have any defenses or offsets to the timely performance of Tenant's obligations under the Lease or this Agreement.  Tenant hereby agrees to indemnify, defend (by counsel reasonably satisfactory to Landlord) and hold Landlord and the Landlord Released Parties harmless from and against any claims, actions, causes of action, losses, liabilities, damages, costs and expenses (including, without limitation, attorneys' fees and costs) suffered or incurred by Landlord or the Landlord Released Parties as a result of any breach of Tenant's obligations under this Agreement including, without limitation, any breach of or inaccuracy in Tenant's representations and warranties contained in this Agreement.
		

		
			8.          Invalidity of Provisions.  If any provision of this Agreement is found to be invalid or unenforceable by any court of competent jurisdiction, the invalidity or unenforceability of any such provision shall not affect the validity and enforceability of the remaining provisions hereof.
		

		
			9.          Attorneys' Fees.  If either party hereto commences an action against the other to enforce any of the terms hereof, or to obtain damages for any alleged breach of any of the terms hereof, or for a declaration of rights hereunder, the losing party shall pay to the prevailing party the prevailing party's reasonable attorneys' fees and costs incurred in connection with the prosecution of such action, whether or not such action proceeds to trial or appeal.
		

		
			10.        Brokers.  Tenant hereby warrants and represents that it has had no dealings with any real estate broker or agent who is or might be entitled to a commission, finder's fee or other like payment in connection with the negotiation of this Agreement.  Tenant hereby agrees to indemnify, defend and hold Landlord harmless from any and all claims, demands, losses, liabilities, lawsuits, judgments, costs and expenses (including without limitation reasonable attorneys' fees) with respect to any leasing commission or equivalent compensation alleged to be owing on account of any dealings with any real estate broker or agent occurring by, through, or under Tenant.  
		

		
			11.        Further Assurances.  Each of the parties hereto agrees to execute and deliver all such further documents and to take all such further actions as may be reasonably requested by the other party hereto to effectuate fully the terms and provisions of this Agreement, provided such documents or actions do not limit, reduce or impair the rights of the party upon whom such request is made.
		

		
			12.        Electronic Signatures; Counterparts.  Each party hereto shall be authorized to rely upon the signatures of all parties to this Agreement which are delivered by facsimile, email or other electronic means as constituting a duly authorized, irrevocable and actual delivery of this Agreement with original ink signatures.  This Agreement may be executed in two or more counterparts, each of which shall be deemed 
		

		
			
		

		
			

		 

 

		

		
			an original, and all of which together shall constitute one and the same instrument.
		

		
			13.        Binding Agreement.  This Agreement shall be binding upon and inure to the benefit of the heirs, successors and assigns of the parties hereto.
		

		
			[signatures follow on next page]
		

		
			

		 

 

IN WITNESS WHEREOF, Landlord and Tenant have entered into this Agreement as of the date first written above.
		

		
			LANDLORD:
		

		
			JUTLAND 4141 INVESTMENTS, LTD., 
		

		
			a California limited partnership
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Danny Gabriel

					
					
						 

				
	
					
						Name:

					
					
						Danny Gabriel

					
					
						 

				
	
					
						Its:

					
					
						Authorized Representative

					
					
						 

				

		
			 
		

		
			TENANT:
		

		
			EVERSPIN TECHNOLOGIES, INC., 
		

		
			a Delaware corporation
		

			
					
						By:

					
					
						/s/ Jeff Winzeler

					
					
						 

				
	
					
						Name:

					
					
						Jeff Winzeler

					
					
						 

				
	
					
						Its:

					
					
						Chief Financial Officer

					
					
						 

				

		
			

		 

 

EXHIBIT A
		

		
			FORM OF BILL OF SALE
		

		
			EVERSPIN TECHNOLOGIES, INC., a Delaware corporation ("Seller"), for and in consideration of the amount of Ten Dollars ($10.00) and other good and valuable consideration received, does hereby sell, assign, grant and convey to JUTLAND 4141 INVESTMENTS, LTD., a California limited partnership ("Buyer"), all furniture, fixtures, equipment, appliances, tools, supplies and other personal property of every kind and character (the "Personal Property") owned by Seller and attached to or located in that certain premises containing approximately 11,837 rentable square feet and commonly known as Suites 200 and 220, in the office building located at 1347 N. Alma School Road, Chandler, Arizona, in the office project commonly known as Chandler Office Center.  
		

		
			The Personal Property is conveyed to Purchaser “AS IS, WHERE IS”.
		

		
			IN WITNESS WHEREOF, Seller has caused this Bill of Sale to be executed effective as of the 12th day of April, 2018.
		

		
			SELLER:
		

		
			EVERSPIN TECHNOLOGIES, INC., 
		

		
			a Delaware corporation
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Jeff Winzeler

					
					
						 

				
	
					
						Name:

					
					
						Jeff Winzeler

					
					
						 

				
	
					
						Its:

					
					
						Chief Financial OfficerExhibit 10.1

 

SIXTH
AMENDMENT TO CREDIT AGREEMENT

 

This SIXTH AMENDMENT
TO CREDIT AGREEMENT (this “Amendment”), dated as of August 9, 2018, is entered into by and among INTERCONTINENTAL
EXCHANGE, INC., a Delaware corporation (the “Borrower”), the Lenders (as hereinafter defined) party hereto,
and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent.

 

RECITALS

 

A.       The
Borrower, the several lenders from time to time party thereto (the “Lenders”), and the Administrative Agent
are party to the Credit Agreement, dated as of April 3, 2014 (as amended by the First Amendment to Credit Agreement, dated as of
May 15, 2015, the Second Amendment to Credit Agreement, dated as of November 9, 2015, the Third Amendment to Credit Agreement,
dated as of November 13, 2015, the Fourth Amendment to Credit Agreement, dated as of August 18, 2017, and the Fifth Amendment to
Credit Agreement, dated as of August 18, 2017, the “Credit Agreement”). Capitalized terms used but not defined
herein shall have the meanings assigned to such terms in the Credit Agreement as amended by this Amendment.

 

B.       The
Borrower has requested that the Lenders amend the Credit Agreement and the Lenders are willing to consent to such amendments to
the Credit Agreement on the terms and subject to conditions set forth herein.

 

STATEMENT OF AGREEMENT

 

NOW, THEREFORE,
in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

 

ARTICLE
I 

 

AMENDMENTS
TO CREDIT AGREEMENT

 

Effective upon the
Sixth Amendment Effective Date (as hereinafter defined), the Credit Agreement is hereby amended as follows:

 

(a)         
  The following definitions are hereby inserted in Section 1.1 of the Credit Agreement in proper
alphabetical order:

 

“Beneficial
Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership
Regulation.

 

“Beneficial
Ownership Regulation” means 31 C.F.R. § 1010.230.

 

“Replacement
Rate” has the meaning assigned thereto in Section 2.15(h).

 

“Sixth
Amendment” means that certain Sixth Amendment to Credit Agreement, dated as of August 9, 2018, among the Borrower, the
Administrative Agent and the Lenders party thereto.

 

     

     

    

 

“Sixth
Amendment Consenting Lender” means, as of any date of determination, (a) each Lender that was a Lender immediately prior
to the Sixth Amendment Effective Date and that has delivered an executed counterpart to the Sixth Amendment or has otherwise provided
in writing its consent to the Sixth Amendment and (b) any Person that becomes a Lender on or after the Sixth Amendment Effective
Date, or in connection with the Sixth Amendment, whether pursuant the terms of the Sixth Amendment, Section 2.18(a), Section
2.20, Section 10.6 hereof or otherwise.

 

“Sixth
Amendment Effective Date” means August 9, 2018.

 

“Sixth
Amendment Non-Consenting Lender” means, as of any date of determination, each Lender that was a Lender immediately prior
the Sixth Amendment Effective Date and is not a Sixth Amendment Consenting Lender.

 

(b)          
The following definitions in Section 1.1 of the Credit Agreement are hereby amended and restated in their entirety as follows:

 

“Base
Rate” means the highest of (i) the per annum interest rate publicly announced from time to time by Wells Fargo in Charlotte,
North Carolina, to be its prime rate (which may not necessarily be its lowest or best lending rate), as adjusted to conform to
changes as of the opening of business on the date of any such change in such prime rate, (ii) the Federal Funds Rate plus 0.5%
per annum, as adjusted to conform to changes as of the opening of business on the date of any such change in the Federal Funds
Rate, and (iii) subject to the implementation of a Replacement Rate in accordance with Section 2.15(h), the LIBOR Rate for
an interest period of one month plus 1.00%, as adjusted to conform to changes as of the opening of business on the date of any
such change of such LIBOR Rate.

 

“Final
Maturity Date” means the fifth anniversary of the Sixth Amendment Effective Date; provided, however, that,
if such date is not a Business Day, then the Final Maturity Date shall be the immediately preceding Business Day.

 

“LIBOR
Market Index Rate” means, for any date, means, subject to the implementation of a Replacement Rate in accordance with
Section 2.15(h), the rate for one month deposits in the applicable Currency as published by ICE Benchmark Administration
Limited, a United Kingdom company (or a comparable or successor quoting service which is approved by the Administrative Agent,
in consultation with the Borrower) as of 11:00 a.m. London time, on such day, or if such day is not a London Banking Day, then
the immediately preceding London Banking Day. If, for any reason, such rate is not so published, then the LIBOR Market Index Rate
shall be determined by the Administrative Agent to be the arithmetic average of the rate per annum at which U.S. Dollar deposits
would be offered by first class banks (as determined in consultation with the Borrower) in the London interbank market to the Administrative
Agent at approximately 11:00 a.m., London time, on such date of determination for delivery on the date in question for a one month
term.

 

    	 	2	 

     

    

 

“LIBOR
Rate” means, subject to the implementation of a Replacement Rate in accordance with Section 2.15(h):

 

(i)       with
respect to each LIBOR Loan denominated in any Currency (other than Canadian Dollars) comprising part of the same Borrowing for
any Interest Period, an interest rate per annum obtained by dividing (A) (y) the London Interbank Offered Rate as published
by ICE Benchmark Administration Limited, a United Kingdom company (or a comparable or successor quoting service which is approved
by the Administrative Agent, in consultation with the Borrower) for deposits denominated in such Currency or (z) if such rate
is not so published, the rate of interest determined by the Administrative Agent to be the rate or the arithmetic mean of rates
at which deposits in such Currency in immediately available funds are offered to first-tier banks (as determined in consultation
with the Borrower) in the London interbank Eurodollar market, in each case under (y) and (z) above at approximately 11:00 a.m.,
London time, two Business Days prior to the first day of such Interest Period for a period substantially equal to such Interest
Period, by (B) the amount equal to 1.00 minus the Reserve Requirement (expressed as a decimal) for such Interest Period; and

 

(ii)       with
respect to each LIBOR Loan denominated in Canadian Dollars comprising part of the same Borrowing for any Interest Period, an interest
rate per annum determined by the Administrative Agent on the basis of an average rate applicable to Canadian Dollar bankers’
acceptances having a maturity comparable to the applicable Interest Period appearing on the “Reuters Screen CDOR Page”
(as defined in the International Swap Dealer Association, Inc.’s definitions), or other commercially available source providing
quotations of such rate as selected by the Administrative Agent, in consultation with the Borrower, from time to time, at approximately
10:00 a.m., Toronto time, on the first day of such Interest Period (or if such day is not a Business Day, then on the immediately
preceding Business Day); provided that if, for any reason, such rate does not appear on the Reuters Screen CDOR Page on
such day, then the “LIBOR Rate” on such day for any LIBOR Loan denominated in Canadian Dollars shall be calculated
as the rate (rounded upwards to the nearest basis point) quoted by The Toronto-Dominion Bank (or its successors or assigns or such
other bank listed in Schedule I to the Bank Act (Canada) as the Administrative Agent may from time to time designate) as its discount
rate for the purchase of Canadian Dollar bankers’ acceptances in an amount substantially equal to such LIBOR Loan with a
term comparable to such Interest Period at approximately 10:00 a.m., Toronto time, on the first day of such Interest Period (or
if such day is not a Business Day, then on the immediately preceding Business Day); and

 

    	 	3	 

     

    

 

(iii)       for
any interest rate calculation with respect to a Base Rate Loan, the rate of interest per annum determined on the basis of the London
Interbank Offered Rate for U.S. Dollar deposits for delivery on the date in question for a one month term beginning on that date
as published by ICE Benchmark Administration Limited, a United Kingdom company (or other commercially available source providing
quotations of such rate as selected by the Administrative Agent, in consultation with the Borrower, from time to time) at approximately
11:00 a.m., London time, on such date of determination, or, if such date is not a Business Day, then the immediately preceding
Business Day. If, for any reason, such rate is not so published, then “LIBOR” for such Base Rate Loan shall be determined
by the Administrative Agent to be the arithmetic average of the rate per annum at which U.S. Dollar deposits would be offered by
first class banks (as determined in consultation with the Borrower) in the London interbank market to the Administrative Agent
at approximately 11:00 a.m., London time, on such date of determination for delivery on the date in question for a one month
term.

 

Notwithstanding the foregoing,
(x) if any determination of any rate described in this definition would result in the LIBOR Rate being less than zero, then such
rate shall be deemed to be zero and (y) unless otherwise specified in any amendment to this Agreement entered into in accordance
with Section 2.15(h), in the event that a Replacement Rate with respect to the LIBOR Rate is implemented, then all references
herein to LIBOR Rate shall be deemed references to such Replacement Rate.

 

Each of the Administrative Agent
and the Lenders acknowledges and agrees that (1) as of the date hereof, ICE Benchmark Administration Ltd. is a subsidiary
of the Borrower, and (2) neither the Administrative Agent nor any Lender, solely in their respective capacities as such under
this Agreement, shall have any direct claim under this Agreement against the Borrower on account of any action taken by ICE Benchmark
Administration Ltd. in its capacity as a provider of any quotations or rates referred to this definition.

 

“Maturity
Date” means (a) with respect to each Sixth Amendment Consenting Lender, the Final Maturity Date, and (b) with
respect to each Sixth Amendment Non-Consenting Lender, the Original Maturity Date.

 

“Original
Maturity Date” means the fifth anniversary of the Fifth Amendment Effective Date; provided, however, that,
if such date is not a Business Day, then the Original Maturity Date shall be the immediately preceding Business Day.

 

(c)          
Section 1.6 of the Credit Agreement is hereby amended by deleting the first sentence therein.

 

(d)          
Section 2.15(e) of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

    	 	4	 

     

    

 

(e)       Inadequacy
or Indeterminacy. Unless and until a Replacement Rate is implemented in accordance with clause (h) below, if, on or prior to
the first day of any Interest Period, (y) the Administrative Agent shall have determined in good faith that adequate and reasonable
means do not exist for ascertaining the applicable LIBOR Rate for such Interest Period or (z) the Administrative Agent shall have
received written notice from the Required Lenders of their determination in good faith that the rate of interest referred to in
the definition of “LIBOR Rate” upon the basis of which the Adjusted LIBOR Rate for LIBOR Loans for such Interest Period
is to be determined will not adequately and fairly reflect the cost to such Lenders of making or maintaining LIBOR Loans during
such Interest Period, the Administrative Agent will forthwith so notify the Borrower and the Lenders. Upon such notice, (i) all
then outstanding LIBOR Loans shall automatically, on the expiration date of the respective Interest Periods applicable thereto
(unless then repaid in full), be converted into Base Rate Loans, (ii) the obligation of the Lenders to make, to convert Base Rate
Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to the Borrowing to which such Interest Period applies),
and (iii) any Notice of Borrowing or Notice of Conversion/Continuation given at any time thereafter with respect to LIBOR Loans
shall be deemed to be a request for Base Rate Loans, in each case until the Administrative Agent or the Required Lenders, as the
case may be, shall have determined that the circumstances giving rise to such suspension no longer exist (and the Required Lenders,
if making such determination, shall have so notified the Administrative Agent), and the Administrative Agent shall have so notified
the Borrower and the Lenders.

 

(e)          
New Section 2.15(h) is hereby inserted into the Credit Agreement immediately following Section 2.15(g) of the Credit Agreement:

 

    	 	5	 

     

    

 

(h)       Alternative
Rate of Interest. Notwithstanding anything to the contrary in Section 2.15(e), if the Administrative Agent and the Borrower
have made the determination that (i) the circumstances described in Section 2.15(e)(y) have arisen and that such circumstances
are unlikely to be temporary, (ii) any applicable interest rate specified herein is no longer a widely recognized benchmark rate
for newly originated loans in the U.S. syndicated loan market in the applicable Currency or (iii) the applicable supervisor or
administrator (if any) of any applicable interest rate specified herein or any Governmental Authority having jurisdiction over
the Administrative Agent has made a public statement identifying a specific date after which any applicable interest rate specified
herein shall no longer be used for determining interest rates for loans in the U.S. syndicated loan market in the applicable Currency
(such specific date, the “Scheduled Unavailability Date”), then the Administrative Agent and the Borrower may
amend this Agreement to establish a replacement interest rate that gives due consideration to the then prevailing market convention
for determining a benchmark reference rate for syndicated loans in the United States at such time (the “Replacement Rate”),
in which case, the Replacement Rate shall, subject to the next two sentences, replace such applicable interest rate for all purposes
under the Credit Documents unless and until (A) an event described in Section 2.15(e)(y), (h)(i), (h)(ii) or (h)(iii)
occurs with respect to the Replacement Rate or (B) the Administrative Agent (at the direction of the Required Lenders) notifies
the Borrower that the Replacement Rate does not adequately and fairly reflect the cost to the Lenders of funding the Loans bearing
interest at the Replacement Rate. In connection with the establishment and application of the Replacement Rate, this Agreement
and the other Credit Documents shall be amended solely with the consent of the Administrative Agent and the Borrower, as may be
necessary or appropriate, in the opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section
2.15(h), including, without limitation and as applicable, any proposed conforming changes to the definition of “Base
Rate,” “LIBOR Market Index Rate,” “Interest Period,” timing and frequency of determining rates and
making payments of interest and other matters as may be appropriate, as agreed between the Administrative Agent and the Borrower,
to reflect the adoption of such Replacement 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 Replacement Rate yet
exists, in such other manner of administration as the Administrative Agent determines with the consent of the Borrower). Notwithstanding
anything to the contrary in this Agreement or the other Credit Documents, such amendment shall become effective without any further
action or consent of any other party to this Agreement so long as the Administrative Agent shall not have received, within five
(5) Business Days of the delivery of such amendment to the Lenders, written notices from such Lenders that in the aggregate constitute
Required Lenders, with each such notice stating that such Lender objects to such amendment (which such notice shall note with specificity
the particular provisions of the amendment to which such Lender objects, it being understood that the Required Lenders need not
specify identical objectionable provisions of the amendment in order to constitute effective notice). If no Replacement Rate has
been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable),
the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (A) the obligation of the Lenders to
make or maintain LIBOR Rate Loans shall be suspended (to the extent of the affected LIBOR Rate Loans or Interest Periods), (B)
the LIBOR Rate component shall no longer be utilized in determining the Base Rate and (C) each outstanding LIBOR Rate Loan will
automatically, on the last day of the then existing Interest Period therefor, be prepaid by the Borrower or be automatically converted
into a Base Rate Loan at the Borrower’s option. Upon receipt of such notice, the Borrower may revoke any pending request
for a Borrowing of, conversion to or continuation of LIBOR Rate Loans (to the extent of the affected LIBOR Rate Loans or Interest
Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject
to the foregoing clause (B)) in the amount specified therein.

 

(f)          
Section 5.2(c) of the Credit Agreement is hereby amended by (i) deleting the word “and” from the end of
clause (iii) therein; (ii) redesignating clause (iv) therein as clause (v); and (iii) inserting the following as a new
clause (iv) therein:

 

(iv)       any
change in the information provided in any Beneficial Ownership Certification previously delivered by the Borrower that would result
in a change to the list of beneficial owners identified in parts (c) or (d) of such certification, if applicable (it being understood
that disclosure of any such change in the Borrower’s SEC filings shall be deemed to satisfy the requirements of this Section
5.2(c)(iv)); and

 

(g)          
The Commitment Schedule set forth on Schedule 1.1(a) (Commitments and Notice Addresses) of the Credit Agreement is hereby
amended and restated in its entirety as follows:

 

    	 	6	 

     

    

 

		Multicurrency	Dollar
	Lender	Commitment	Commitment
	 	 	 
	Wells Fargo Bank, National Association	$300,000,000	--
	Bank of America, N.A.	$300,000,000	--
	MUFG Bank, Ltd. (formerly known as The Bank of Tokyo Mitsubishi UFJ, Ltd.)	$300,000,000	--
	Bank of China, New York Branch	--	$300,000,000
	Bank of Montreal	$225,000,000	--
	Banco Bilbao Vizcaya Argentaria, S.A. New York Branch	$225,000,000	--
	Fifth Third Bank	$225,000,000	--
	Industrial and Commercial Bank of China Ltd., New York Branch	$225,000,000	 
	Mizuho Bank, Ltd.	$225,000,000	 
	PNC Bank, National Association	$225,000,000	 
	Citibank, N.A.	$150,000,000	--
	Credit Suisse AG, Cayman Islands Branch	$150,000,000	--
	JPMorgan Chase Bank, N.A.	$150,000,000	--
	Morgan Stanley Bank, N.A.	$150,000,000	--
	Societe Generale	$150,000,000	--
	Goldman Sachs Bank USA	$100,000,000	--
	Total	$3,100,000,000	$300,000,000

 

    	 	7	 

     

    

 

ARTICLE
II 

 

CONDITIONS
OF EFFECTIVENESS

 

2.1          
The amendments set forth in ARTICLE I shall become effective as of the date (the “Sixth Amendment Effective
Date”) when, and only when, each of the following conditions precedent shall have been satisfied:

 

(a)           
The Administrative Agent shall have received an executed counterpart of this Amendment from each of the Borrower and Lenders
constituting the Required Lenders.

 

(b)          
The Borrower shall have paid to (i) Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated,
the Administrative Agent and the Lenders any fees required under the Engagement Letter (as defined below) to be paid to each of
them, in the amounts due and payable on the Sixth Amendment Effective Date as required by the terms thereof, and (ii) MUFG Bank,
Ltd. (formerly known as The Bank of Tokyo Mitsubishi UFJ, Ltd.) the fee required under that certain fee letter between the Borrower
and MUFG Bank, Ltd., in connection with its appointment as a joint bookrunner and joint lead arranger in respect of the Amendment,
in the amount due and payable on the Sixth Amendment Effective Date as required by the terms thereof. The “Engagement Letter”
means that certain letter from Wells Fargo, Wells Fargo Securities, LLC, BofA and Merrill Lynch, Pierce, Fenner & Smith Incorporated,
to the Borrower, dated July 18, 2018, relating to certain fees payable by the Borrower in respect of the transactions contemplated
by this Amendment.

 

(c)          
At least three Business Days prior to the Sixth Amendment Effective Date, if the Borrower qualifies as a “legal entity
customer” under the Beneficial Ownership Regulation, the Borrower shall deliver to each Lender requesting the same in writing
at least ten Business Days prior to the Sixth Amendment Effective Date a Beneficial Ownership Certification (provided that, upon
the execution and delivery by such Lender of its signature page to this Amendment, the condition set forth in this Section 2.1(c)
shall be deemed to be satisfied).

 

(d)          
The Borrower shall have delivered to the Administrative Agent a certificate, signed by a Responsible Officer of the Borrower,
certifying as to the matters set forth in ARTICLE III hereof.

 

    	 	8	 

     

    

 

ARTICLE
III 

 

REPRESENTATIONS
AND WARRANTIES

 

The Borrower hereby
represents and warrants, on and as of the Sixth Amendment Effective Date, that (i) the representations and warranties contained
in the Credit Agreement (except the representation set forth in Section 4.8 thereof with respect to clauses (i) and (ii) of the
definition of “Material Adverse Effect” only) and the other Credit Documents qualified as to materiality are true and
correct and those not so qualified are true and correct in all material respects, both immediately before and after giving effect
to this Amendment (except to the extent any such representation or warranty is expressly stated to have been made as of a specific
date, in which case such representation or warranty is true and correct (if qualified as to materiality) or true and correct in
all material respects (if not so qualified), in each case only on and as of such specific date), (ii) this Amendment has been duly
authorized, executed and delivered by the Borrower and constitutes the legal, valid and binding obligation of the Borrower enforceable
against it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium
or other similar laws affecting creditors’ rights generally, by general equitable principles or by principles of good faith
and fair dealing (regardless of whether enforcement is sought in equity or at law), (iii) no Default or Event of Default shall
have occurred and be continuing on the Sixth Amendment Effective Date, both immediately before and immediately after giving effect
to this Amendment and the amendments contemplated hereby and (iv) to the best knowledge of the Borrower, the information included
in any Beneficial Ownership Certification required to be delivered pursuant to Section 2.1(c) is true and correct in all respects.

 

ARTICLE
IV 

 

ACKNOWLEDGEMENT
AND CONFIRMATION

 

Each party to this
Amendment hereby confirms and agrees that, after giving effect to this Amendment and the amendments contemplated hereby, and except
as expressly modified hereby, the Credit Agreement and the other Credit Documents to which it is a party remain in full force and
effect and enforceable against such party in accordance with their respective terms and shall not be discharged, diminished, limited
or otherwise affected in any respect.

 

ARTICLE
V 

 

MISCELLANEOUS

 

5.1          
Governing Law. This Amendment shall be governed by and construed and enforced in accordance with the laws of the
State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice
of law and conflicts of law rules).

 

5.2          
Credit Document. As used in the Credit Agreement, “hereinafter,” “hereto,” “hereof,”
and words of similar import shall, unless the context otherwise requires, mean the Credit Agreement after amendment by this Amendment.
Any reference to the Credit Agreement or any of the other Credit Documents herein or in any such documents shall refer to the Credit
Agreement and the other Credit Documents as amended hereby. This Amendment is limited to the matters expressly set forth herein,
and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Credit Agreement
except as expressly set forth herein. This Amendment shall constitute a Credit Document under the terms of the Credit Agreement.

 

5.3          
Expenses. The Borrower shall pay all reasonable and documented out-of-pocket fees and expenses of counsel to the
Administrative Agent in connection with the preparation, negotiation, execution and delivery of this Amendment.

 

    	 	9	 

     

    

 

5.4          
Severability. To the extent any provision of this Amendment is prohibited by or invalid under the applicable law
of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in any such
jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this
Amendment in any jurisdiction.

 

5.5          
Successors and Assigns. This Amendment shall be binding upon, inure to the benefit of and be enforceable by the respective
successors and permitted assigns of the parties hereto.

 

5.6          
Construction. The headings of the various sections and subsections of this Amendment have been inserted for convenience
only and shall not in any way affect the meaning or construction of any of the provisions hereof.

 

5.7          
Counterparts; Integration. This Amendment may be executed and delivered via facsimile or electronic mail with the
same force and effect as if an original were executed and may be signed in any number of counterparts, each of which shall be an
original, with the same effect as if the signatures hereto were upon the same instrument. This Amendment constitutes the entire
contract among the parties hereto with respect to the subject matter hereof and supersedes any and all prior agreements and understandings,
oral or written, relating to the subject matter hereof.

 

5.8          
Exiting Lender. Each of the parties hereto acknowledges and agrees that as of the Sixth Amendment Effective Date,
Compass Bank (the “Exiting Lender”) shall cease to be a party to the Credit Agreement, shall no longer be a
 “Lender” and shall not have a Commitment, but shall continue to be entitled to the benefits of Sections 2.15(a), 2.15(b),
2.16, 2.17 and 10.1 of the Credit Agreement solely with respect to facts and circumstances occurring prior to the Sixth Amendment
Effective Date. From and after the Sixth Amendment Effective Date, the Administrative Agent shall make all payments in respect
of the Exiting Lender’s Commitment that existed prior to the Sixth Amendment Effective Date (including payments of principal,
interest, fees and other amounts) to the Exiting Lender solely for amounts which have accrued prior to but excluding the Sixth
Amendment Effective Date.

 

5.9          
New Lender.

 

(a)          
Each of the parties hereto acknowledges and agrees that as of the Sixth Amendment Effective Date, Banco Bilbao Vizcaya Argentaria,
S.A. New York Branch (the “New Lender”) shall be a party to and a “Lender” under the Credit Agreement
as if originally named therein as a party with a Commitment as set forth on Schedule 1.1(a) of the Credit Agreement as amended
by this Amendment and shall be bound by all of the terms and provisions applicable to Lenders under the Credit Agreement as amended
by this Amendment.

 

(b)          
The New Lender shall deliver to the Administrative Agent cash in an amount equal to such New Lender’s pro rata share
of the aggregate Loans outstanding on the Sixth Amendment Effective Date, if any.

 

    	 	10	 

     

    

 

(c)          
The New Lender (i) represents and warrants that (A) it has full power and authority, and has taken all action necessary,
to execute and deliver this Amendment and to consummate the transactions contemplated hereby and to become a Lender under the Credit
Agreement, (B) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it
in order to provide a Commitment and to become a Lender and (C) it is not an Ineligible Assignee, (ii) confirms that it has received
a copy of the Credit Agreement, as amended hereby, together with copies of the most recent financial statements referred to in
Section 4.9 thereof or delivered pursuant to Section 5.1 thereof and such other documents and information as it has deemed appropriate
to make it owns credit analysis and decision to enter into the Credit Agreement as amended by the Sixth Amendment, (iii) will independently
and without reliance upon the Administrative Agent or any Lender and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, (iv) appoints
and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit
Agreement as delegated to the Administrative Agent, by the terms thereof, together with such powers as are reasonably incidental
thereto and (v) agrees that it will perform in accordance with their terms all the obligations which by the terms of the Credit
Agreement are required to be performed by it as a Lender.

 

    	 	11	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be executed by their duly authorized officers as of the date first above written.

 

 

	 	INTERCONTINENTAL EXCHANGE, INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Martin Hunter

	 
	 	Name:	Martin Hunter	 
	 	Title:	SVP, Tax and Treasurer	 
	 	 	 	 
	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

                                                                         

as the Administrative Agent, the
Multicurrency Agent, an

Issuing Lender, a Swingline Lender and a Lender

	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Jocelyn Boll	 
	 	Name:	Jocelyn Boll	 
	 	Title:	Managing Director

	 
	 	 	 	 
	 	 	 	 
	 	BANK OF AMERICA, N.A., as the Backup

                                                                         Administrative Agent, a Swingline Lender and a Lender
	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Sherman Wong

	 
	 	Name:	Sherman Wong	 
	 	Title:	Director

	 
	 	 	 	 
	 	 	 	 
	 	 MUFG BANK, LTD.,
     as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Oscar D. Cortez

	 
	 	Name:	Oscar D. Cortez	 
	 	Title:	Director

	 

 

 

SIGNATURE
PAGE TO

SIXTH AMENDMENT
TO CREDIT AGREEMENT

     

     

    

 

	 	BANK OF CHINA, NEW YORK BRANCH, as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Chen Xu	 
	 	Name:	Chen Xu	 
	 	Title:	 President & CEO, USA	 
	 	 	 	 
	 	 	 	 
	 	BANK OF MONTREAL, as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Scott M. Ferris	 
	 	Name:	Scott M. Ferris	 
	 	Title:	Managing Director	 
	 	 	 	 
	 	 	 	 
	 	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

                                             NEW YORK BRANCH, as a Lender
	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Cara Younger	 
	 	Name:  	Cara Younger	 
	 	Title:	Director	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Miriam Trautmann	 
	 	Name:	Miriam Trautmann	 
	 	Title:	Senior Vice President	 
	 	 	 	 
	 	 	 	 
	 	FIFTH THIRD BANK, as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Jonathan H. James	 
	 	Name:	Jonathan H. James	 
	 	Title:	Managing Director	 

 

 

SIGNATURE
PAGE TO

SIXTH AMENDMENT
TO CREDIT AGREEMENT

     

     

    

 

	 	INDUSTRIAL AND COMMERCIAL BANK OF

                                             CHINA LIMITED, NEW YORK BRANCH, as a Lender
	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Shelly Yan	 
	 	Name:	Letian Yan	 
	 	Title:	Assistant Vice President	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Jeffrey Roth	 
	 	Name:	Jeffrey Roth	 
	 	Title:	Executive Director	 
	 	 	 	 
	 	 	 	 
	 	MIZUHO BANK, LTD., as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Donna DeMagistris	 
	 	Name:	Donna DeMagistris	 
	 	Title:	Authorized Signatory	 
	 	 	 	 
	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION, as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Tate Sisk	 
	 	Name:	Tate Sisk	 
	 	Title:	Assistant Vice President	 
	 	 	 	 
	 	 	 	 
	 	CITIBANK, N.A., as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Marina Donskaya	 
	 	Name:	Marina Donskaya	 
	 	Title:	Vice President	 

 

 

SIGNATURE
PAGE TO

SIXTH AMENDMENT
TO CREDIT AGREEMENT

     

     

    

 

 

	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

                                             as a Lender
	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Doreen Barr	 
	 	Name:	Doreen Barr	 
	 	Title:	Authorized Signatory	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Komal Shah	 
	 	Name:	Komal Shah	 
	 	Title:	Authorized Signatory	 
	 	 	 	 
	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Leo Lai	 
	 	Name:	Leo Lai	 
	 	Title:	Executive Director	 
	 	 	 	 
	 	 	 	 
	 	MORGAN STANLEY BANK, N.A., as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Michael King	 
	 	Name:	Michael King	 
	 	Title:	Authorized Signatory	 
	 	 	 	 
	 	 	 	 
	 	SOCIETE GENERALE, as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Richard Bernal	 
	 	Name:	Richard Bernal	 
	 	Title:	Managing Director	 

 

 

SIGNATURE
PAGE TO

SIXTH AMENDMENT
TO CREDIT AGREEMENT

     

     

    

 

	 	GOLDMAN SACHS BANK USA, as a Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Ryan Durkin	 
	 	Name:	Ryan Durkin	 
	 	Title:	Authorized Signatory	 
	 	 	 	 
	 	 	 	 
	 	COMPASS BANK, as Exiting Lender	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Susana Campuzano	 
	 	Name:	Susana Campuzano	 
	 	Title:	Senior Vice President	 

 

 

SIGNATURE
PAGE TO

SIXTH AMENDMENT
TO CREDIT AGREEMENT

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