Document:

Document

Exhibit 10.2

FIRST AMENDMENT TO
TERM LOAN CREDIT AND SECURITY AGREEMENT 

THIS FIRST AMENDMENT TO TERM LOAN CREDIT AND SECURITY AGREEMENT (this “Amendment”), dated as of September 30, 2021, is entered into by and among QUANTUM CORPORATION, a Delaware corporation (“Quantum”), and together with each other Person joined to the Credit Agreement as a borrower from time to time, collectively, the “Borrowers” and each a “Borrower”), QUANTUM LTO HOLDINGS, LLC, a Delaware limited liability company (“Quantum LTO”), SQUARE BOX SYSTEMS LIMITED, a company incorporated in England and Wales (registered number 03819556) (“Square Box” and together with Quantum LTO and each other Person joined to the Credit Agreement as a guarantor from time to time, collectively, the “Guarantors” and each a “Guarantor” and together with the Borrowers, collectively, the “Loan Parties” and each a “Loan Party”), the financial institutions which are now or which hereafter become a party to the Credit Agreement as lenders (collectively, the “Lenders” and each a “Lender”), and BLUE TORCH FINANCE LLC (“Blue Torch”), in its capacity as disbursing agent and collateral agent for the Lenders (in such capacity, together with its successors and assigns, “Agent”).

RECITALS

A.    Agent, the Lenders and certain of the Loan Parties are parties to that certain Term Loan Credit and Security Agreement, dated as of August 5, 2021 (as amended hereby and as the same may be further amended, modified, supplemented, renewed, restated or replaced from time to time, the “Credit Agreement”), pursuant to which the Lenders have made and may hereafter make certain loans and have provided and may hereafter provide certain financial accommodations to the Borrowers.

B.    The Borrowers have requested that Agent and the Lenders make certain amendments to the Credit Agreement as set forth herein, and Agent and the Required Lenders have agreed to make such amendments, subject to the terms and conditions set forth herein. 

AGREEMENT

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

1.Interpretation.  Capitalized terms used herein and not defined shall have the meanings given to such terms in the Credit Agreement.

2.Amendments to Credit Agreement.  Subject to the satisfaction of all of the conditions set forth in Section 3 of this Amendment, the parties hereto agree that the Credit Agreement shall be amended as follows:
a)The following definitions are added to Section in their proper alphabetical order:

““First Amendment” shall mean the First Amendment to Term Loan Credit and Security Agreement, dated as of the First Amendment Effective Date, by and among Agent, Lenders, and the Loan Parties.”

““First Amendment Effective Date” shall mean September 30, 2021.”

““Invicto” shall mean Invicto Software Solutions Private Limited, a company incorporated under the laws of India.”

““Invicto Acquisition” shall mean the acquisition by Quantum of the Assigned Intellectual Property Rights (as defined in the Invicto Acquisition Agreement) of Invicto, and the other transactions contemplated by the Invicto Acquisition Agreement.”

“Invicto Acquisition Agreement” shall mean the Deed of Assignment of Intellectual Property Rights, dated as of August 24, 2021, by and among Quantum, as the assignee, Invicto, as the assignor, the Promoters (as defined therein), and the other parties thereto, as the same may be amended, modified or supplemented from time to time.”

b)The definition of “Permitted Investments” is amended by adding the following new clause (s) at the end thereof:

“(s)    the Invicto Acquisition; provided that (i) on the date of the Invicto Acquisition, and after giving pro forma effect thereto, Liquidity shall be equal to or greater than $15,000,000 and Average Liquidity for the thirty (30) days immediately preceding such date shall not be less than $15,000,000, and (ii) no Event of Default shall exist or shall have occurred and be continuing on the date of the Invicto Acquisition.”

c)Section 4.14 of the Credit Agreement is amended by adding “, but excluding Square Box” immediately after “other than a Foreign Subsidiary” in the first sentence thereof.

d)Section 4.8(c) of the Credit Agreement is amended and restated in its entirety as follows:

“(c)    Each Loan Party’s chief executive office is located as set forth on Schedule 4.4 hereto, as such Schedule may be updated from time to time in accordance with the terms hereof. Until written notice is given to Agent by Borrowing Agent of any other office at which any Loan Party keeps its records pertaining to Receivables, all such records shall be kept at such executive office.”

e)Section 5.2(a) of the Credit Agreement is amended and restated in its entirety as follows:

“(a)    Each Loan Party is duly incorporated or formed, as applicable, and in good standing (to the extent applicable) under the laws of the state of its incorporation or formation, as applicable, in each case as listed on Schedule 5.2(a) hereto, as such Schedule may be updated from time to time in accordance with the terms hereof, and each Loan Party is qualified to do business and is in good standing in the other states listed on Schedule 5.2(a) hereto, as such Schedule may be updated from time to time in accordance with the terms hereof, which constitute all states in which the failure to so qualify could reasonably be expected to have a Material 
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Adverse Effect.  Each Loan Party has delivered to Agent true and complete copies of its Organizational Documents.”
f)Section 5.2(b) of the Credit Agreement is amended and restated in its entirety as follows:

“(b)    Schedule 5.2(b) hereto, as such Schedule may be updated from time to time in accordance with the terms hereof, sets forth (i) a true, complete and correct list of the Subsidiaries of each Loan Party and (ii) a true, complete and correct list of all Equity Interests held by each Loan Party in each of its Subsidiaries.”

g)Section 5.4 of the Credit Agreement is amended by adding “, as such Schedule may be amended from time to time in accordance with the terms hereof” at the end of the first sentence thereof.

h)Section 5.6 of the Credit Agreement is amended by adding “, as such Schedule may be amended from time to time in accordance with the terms hereof” immediately after “Schedule 5.6 hereto” in the first sentence thereof.

i)Section 5.7(b) of the Credit Agreement is amended by adding “, as such Schedule may be amended from time to time in accordance with the terms hereof” immediately after “Schedule 5.7 hereto” in the first sentence hereof.

j)Section 5.7(c) of the Credit Agreement is amended by adding “, as such Schedule may be amended from time to time in accordance with the terms hereof” immediately after “Schedule 5.7 hereto” in the first sentence hereof.

k)Section 5.8(b) of the Credit Agreement is amended and restated in its entirety as follows:

“(b)    Schedule 5.8(b) hereto, as such Schedule may be updated from time to time in accordance with the terms hereof, sets forth a complete and accurate description, with respect to all litigation, arbitration, actions or proceedings with asserted liabilities in excess of, or that could reasonably be expected to result in liabilities in excess of, $1,000,000 that, as of the Closing Date, is pending or, to the knowledge of the Loan Parties, threatened in writing against a Loan Party or any of its Subsidiaries, of (i) the parties to such actions, suits, or proceedings, (ii) the nature of the dispute that is the subject of such actions, suits, or proceedings, (iii) the procedural status, as of the Closing Date, with respect to such actions, suits, or proceedings, and (iv) whether any liability of the Loan Parties’ and their Subsidiaries in connection with such actions, suits, or proceedings is covered by insurance.”
l)Section 5.8(e) of the Credit Agreement is amended by adding “, as such Schedule may be amended from time to time in accordance with the terms hereof” immediately after “Schedule 5.8 hereto” in the first sentence thereof.

m)Section 5.9 of the Credit Agreement is amended by adding “, as such Schedule may be amended from time to time in accordance with the terms hereof” immediately after “Schedule 5.9 hereto” in each place where it appears therein.
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n)Section 5.10 of the Credit Agreement is amended by adding “, as such Schedule may be amended from time to time in accordance with the terms hereof” immediately after “Schedule 5.10 hereto” in the first sentence thereof.

o)Section 5.13 of the Credit Agreement is amended by adding “, as such Schedule may be amended from time to time in accordance with the terms hereof” immediately after “Schedule 5.13 hereto” in the first sentence thereof.

p)Section 5.18 of the Credit Agreement is amended and restated in its entirety as follows:

“5.18    Equity Interests
.  The authorized and outstanding Equity Interests of each Loan Party (other than Quantum), and each legal and beneficial holder thereof as of the Closing Date, are as set forth on Schedule 5.18 hereto, as such Schedule may be updated from time to time in accordance with the terms hereof.  All of the Equity Interests of each Loan Party have been duly and validly authorized and issued and are fully paid and non-assessable and have been sold and delivered to the holders hereof in compliance with, or under valid exemption from, all federal and state laws and the rules and regulations of each Governmental Body governing the sale and delivery of securities.  Except for the rights and obligations set forth on Schedule 5.18 hereto, as such Schedule may be updated from time to time in accordance with the terms hereof, there are no subscriptions, warrants, options, calls, commitments, rights or agreement by which any Loan Party or any of the shareholders of any Loan Party is bound relating to the issuance, transfer, voting or redemption of shares of its Equity Interests or any pre-emptive rights held by any Person with respect to the Equity Interests of the Loan Parties.  Except as set forth on Schedule 5.18 hereto, as such Schedule may be updated from time to time in accordance with the terms hereof, no Loan Party has issued any securities convertible into or exchangeable for shares of its Equity Interests or any options, warrants or other rights to acquire such shares or securities convertible into or exchangeable for such shares (other than the Warrants).”

q)Section 5.19 of the Credit Agreement is amended and restated in its entirety as follows:

“5.19    Commercial Tort Claims.  The Loan Parties do not have any commercial tort claim with a value in excess of $500,000, except as set forth on Schedule 5.19 hereto, as such Schedule may be updated from time to time in accordance with the terms hereof.”

r)Section 5.20 of the Credit Agreement is amended and restated in its entirety as follows:

“5.20    Letter of Credit Rights.  As of the Closing Date, the Loan Parties do not have any letter of credit rights in respect of any letter of credit with a value in excess of 
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$500,000, except as set forth on Schedule 5.20 hereto, as such Schedule may be updated from time to time in accordance with the terms hereof.”
s)Section 5.21 of the Credit Agreement is amended and restated in its entirety as follows:

“5.21    Material Contracts
.  Schedule 5.21 hereto, as such Schedule may be updated from time to time in accordance with the terms hereof, sets forth a list of all Material Contracts of the Loan Parties.  All Material Contracts are in full force and effect and no defaults currently exist thereunder by any Loan Party or, to the knowledge of the Loan Parties, any other Person which is a party thereto, which could, in either case, reasonably be expected to have a Material Adverse Effect.  No Loan Party has (i) received any notice of termination or non-renewal of any Material Contract, or (ii) exercised any option to terminate or not to renew any Material Contract, except, in each case, any such termination which could not reasonably be expected to have a Material Adverse Effect.”
t)Section 9.17 of the Credit Agreement is amended and restated in its entirety as follows:

“Updates to Certain Schedules.  Concurrently with the delivery of the quarterly financial statements required to be delivered pursuant to Section 9.8 hereof, deliver to Agent and Lenders (a) updates to Schedule 4.4 (Locations of Equipment and Inventory), Schedule 5.2(a) (States of Qualification and Good Standing), Schedule 5.2(b) (Subsidiaries), Schedule 5.4 (Federal Tax Identification Number), Schedule 5.6 (Prior Names), Schedule 5.7 (Environmental), Schedule 5.8(b) (Litigation), Schedule 5.8(e) (Plans), Schedule 5.9 (Intellectual Property), Schedule 5.10 (Licenses and Permits), Schedule 5.13 (Labor Disputes), Schedule 5.18 (Equity Interests), Schedule 5.19 (Commercial Tort Claims), Schedule 5.20 (Letter of Credit Rights) and/or Schedule 5.21 (Material Contracts) to this Agreement and such other Schedules hereto as the Loan Parties shall deem required to maintain the related representations and warranties herein as true and correct, as applicable (any such updated Schedule delivered by the Loan Parties to Agent in accordance with this Section 9.17 shall automatically and immediately be deemed to amend and restate the prior version of such Schedule previously delivered to Agent and attached to and made part of this Agreement) and (b) a list of any new Intellectual Property registered at the United States Copyright Office or the United States Patent and Trademark Office, and any licenses of Intellectual Property obtained by any Loan Party since the last such quarterly financial statements (or the Closing Date, as applicable) and execute and deliver to Lenders an intellectual property security agreement with respect to any such Intellectual Property registered in the United States.
u)Article IX of the Credit Agreement is amended by adding the following new Section 9.18 at the end thereof:

“9.18    Financial Disclosure.  Each Loan Party hereby irrevocably authorizes and directs all accountants and auditors employed by such Loan Party at any time during the Term to exhibit and deliver to Agent and each Lender copies of any of such Loan Party’s financial statements, trial balances or other accounting records of any sort in the 
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accountant’s or auditor’s possession, and to disclose to Agent and each Lender any information such accountants may have concerning such Loan Party’s financial status and business operations.  Each Loan Party hereby authorizes all Governmental Bodies to furnish to Agent and each Lender copies of reports or examinations relating to such Loan Party, whether made by such Loan Party or otherwise; provided, however, Agent and each Lender will attempt to obtain such information or materials directly from such Loan Party prior to obtaining such information or materials from such accountants or Governmental Bodies.”
v)Section 10.11 of the Credit Agreement is amended and restated in its entirety as follows:

“10.11    Change of Control.  Any Change of Control shall occur.”

w)Section 16.3(c) of the Credit Agreement is amended by adding “(or such lower amount as the Agent may agree in its reasonable discretion)” immediately after “$5,000,000” in the first sentence thereof.

3.Conditions Precedent.  The effectiveness of this Amendment is expressly conditioned upon the satisfaction of each of the following conditions precedent: 

(a)Agent shall have received this Amendment, duly authorized, executed and delivered by each Loan Party;

(b)Agent shall have received, in form and substance satisfactory to Agent, the Fee Letter, duly authorized, executed and delivered by each Loan Party; 

(c)Agent shall have received, in form and substance satisfactory to Agent, the Seventh Amendment to the Revolving Loan Agreement, duly authorized, executed and delivered by Revolving Loan Agent, the Revolving Loan Lenders and each Loan Party;

(d)Agent shall have received, in form and substance satisfactory to Agent, the Amended and Restated Intercreditor Agreement, duly authorized, executed and delivered by Agent, as Term Agent, and ABL Agent (as such terms are defined in the Amended and Restated Intercreditor Agreement), and consented to, and acknowledged by, each Loan Party;

(e)Agent shall have received payment from Borrowers of all fees, charges and disbursements of Agent and its counsel required to be paid pursuant to the Credit Agreement in connection with the preparation, execution and delivery of this Amendment and the Other Documents executed and delivered in connection herewith or related hereto; 

(f)all proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments and other legal matters incident thereto shall be reasonably satisfactory to Agent and its counsel; and

(g)on the date of this Amendment and after giving effect to the provisions of this Amendment and the transactions contemplated hereby, no Default or Event of Default shall exist or have occurred and be continuing.

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Agent shall notify the Borrowers in writing of the effectiveness of this Amendment, which notice shall be conclusive and binding on all parties to the Credit Agreement.

4.Representations and Warranties.  In addition to the continuing representations and warranties heretofore or hereafter made by the Loan Parties to Agent and Lenders pursuant to the Credit Agreement and the Other Documents, each Loan Party hereby represents and warrants to Agent and each Lender as follows:

(a)each Loan Party has full power, authority and legal right to enter into this Amendment and to perform all its respective Obligations hereunder;

(b)this Amendment has been duly executed and delivered by each Loan Party;

(c)this Amendment constitutes the legal, valid and binding obligation of each Loan Party enforceable in accordance with its terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, moratorium or similar Laws affecting creditors’ rights generally;

(d)the execution, delivery and performance of this Amendment (i) are within each Loan Party’s corporate or limited liability company powers, as applicable, (ii) have been duly authorized by all necessary corporate or limited liability company action, as applicable, (iii) are not in contravention of law or the terms of such Loan Party’s Organizational Documents or to the conduct of such Loan Party’s business or any Material Contract or undertaking to which such Loan Party is a party or by which such Loan Party is bound, including without limitation the Revolving Loan Documents, (iv) will not conflict with or violate any material provisions of any law or regulation, or any judgment, order or decree of any Governmental Body, (v) will not require the Consent of any Governmental Body, any party to a Material Contract or any other Person, except (x) any Consents of any party to a Material Contract or any other Person (other than a Governmental Body) with respect to which the failure to obtain could not reasonably be expected, individually or in the aggregate to have a Material Adverse Effect, (y) any immaterial Consents of any Governmental Body, or (z) those Consents set forth on Schedule 5.1 to the Credit Agreement, all of which will have been duly obtained, made or complied with prior to the First Amendment Effective Date and which are in full force and effect on the First Amendment Effective Date, and (vi) will not conflict with, nor result in any breach in any of the provisions of or constitute a default under or result in the creation of any Lien except Permitted Encumbrances upon any asset of such Loan Party under the provisions of any material agreement, instrument, or other document to which such Loan Party is a party or by which it or its property is a party or by which it may be bound, including without limitation any of the Revolving Loan Documents;

(e)each Loan Party is duly formed or incorporated, as applicable, and in good standing under the laws of the state of its incorporation or formation, as applicable, and is good standing in such state and is qualified to do business in any state where the failure to be so qualified could reasonably be expected to result in a Material Adverse Effect;

(f)each of the representations and warranties made by any Loan Party in the Credit Agreement and the Other Documents, each as amended hereby, are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that are qualified or modified by materiality in the text thereof) as if made on the date of this Amendment and after giving effect to this Amendment and the transactions contemplated hereby, except to the extent that any such representation or warranty is made as of an earlier and/or specified date, in 
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which case such representation or warranty shall have been true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that are qualified or modified by materiality in the text thereof) as of such earlier or specified date; and 

(g)on the date of this Amendment, after giving effect to the transactions contemplated by this Amendment and the Revolving Loan Documents, no Default or Event of Default exists or has occurred and is continuing.

5.Reaffirmation.  Each Loan Party hereby ratifies and reaffirms (a) all of its payment and performance obligations, contingent or otherwise, under the Credit Agreement and each of the Other Documents to which it is a party, and (b) its grant to Agent of a security interest in the Collateral under the Credit Agreement and each of the Other Documents to which it is a party.

6.Acknowledgments.  To induce Agent and Lenders to enter into this Amendment, each Loan Party acknowledges that: 

(a)as of the First Amendment Effective Date, (i) Agent and Lenders have performed without default all obligations required of Agent and Lenders under the Credit Agreement and each of the Other Documents; and (ii) there are no disputes with or claims against Agent or Lenders, or any knowledge of any facts giving rise to any disputes or claims, related to the Credit Agreement or any of the Other Documents, including, without limitation, any disputes or claims or knowledge of facts giving rise thereto, that involve a breach or violation on the part of Agent or any Lender of the terms and conditions of the Credit Agreement or any of the Other Documents; and

(b)no Loan Party has any valid defense to the enforcement of its respective obligations set forth in the Credit Agreement, the Other Documents or this Amendment, as applicable, by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment.

7.Governing Law. This Amendment and all matters relating hereto or arising herefrom (whether arising under contract law, tort law or otherwise) shall, in accordance with Section 5-1401 of the General Obligations Law of the State of New York, be governed by and construed in accordance with the Laws of the State of New York.  

8.Effect of this Agreement.  Except as expressly amended pursuant hereto, no other changes or modifications to the Credit Agreement or any of the Other Documents are intended or implied, and in all other respects, the Credit Agreement and each of the Other Documents is hereby specifically ratified, restated and confirmed by all parties hereto as of the date of this Amendment.  To the extent that any provision of the Credit Agreement or any of the Other Documents are inconsistent with the provisions of this Amendment, the provisions of this Amendment shall control.

9.Binding Effect.  This Amendment shall be binding upon and inure to the benefit of each party hereto and their respective successors and permitted assigns.

10.Further Assurances.  The Loan Parties shall execute and deliver such further documents and do such further acts and things as may be reasonably requested by Agent to effectuate the provisions and purposes of this Amendment.

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11.Counterparts; Electronic Signature.  This Amendment may be executed in any number of separate counterparts, all of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same agreement.  Any signature delivered by a party by facsimile or electronic transmission (including email transmission of a .pdf image) shall be deemed to be an original signature hereto.

[Remainder of Page Intentionally Left Blank]

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IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above written.

						
	BORROWERS:
	QUANTUM CORPORATION

By:    /s/ J. Michael Dodson              
Name: J. Michael Dodson
Title:   Chief Financial Officer 

		
	GUARANTORS:
	SQUARE BOX SYSTEMS LIMITED

By:    /s/ Lewis Moorehead                
Name:    Lewis Moorehead
Title:    Company Secretary

		QUANTUM LTO HOLDINGS, LLC

By:    /s/ J. Michael Dodson              
Name:    J. Michael Dodson
Title:    Chief Financial Officer

		
	

AGENT AND LENDERS:
	

BLUE TORCH FINANCE LLC, solely in its capacity as Agent and not in its individual capacity

By:    /s/ Kevin Genda                      
Name:     Kevin Genda
Title:     Authorized Signatory

		

BTC HOLDINGS FUND II, LLC
By: Blue Torch Credit Opportunities Fund II LP, its sole member
By: Blue Torch Credit Opportunities GP LLC, its general partner
By: KPG BTC Management LLC, its sole member

By:     /s/ Kevin Genda                      
Name:     Kevin Genda
Title:      Managing Member  

		

BTC Holdings SBAF Fund LLC
By: Blue Torch Credit Opportunities SBAF Fund LP, its sole member               
By: Blue Torch Credit Opportunities SBAF GP LLC, its general partner   
By: KPG BTC Management LLC, its sole member

By:     /s/ Kevin Genda                      
Name:     Kevin Genda
Title:      Managing Member  

		

BTC HOLDINGS KRS FUND LLC
By: Blue Torch Credit Opportunities KRS Fund LP, its sole member 
By: Blue Torch Credit Opportunities KRS GP LLC, its general partner
By: KPG BTC Management LLC, its sole member       

By:     /s/ Kevin Genda                      
Name:     Kevin Genda
Title:      Managing Member  

		

CO FINANCE LVS XI LLC
 
 
By:     /s/ Christopher Neumeyer        
Name: Christopher Neumeyer
Title: Authorized Person

		

[First Amendment to Term Loan Credit and Security Agreement]EX-10.1

			
	

	  	  
  
  

 
  

EXHIBIT 10.1

 Execution Version 

Garrett Motion Sàrl 
 La Piece 16, 

1180 Rolle (VD) 
 Switzerland 

EMPLOYMENT CONTRACT 

between 
 Garrett Motion
Sàrl, headquartered at Z.A. La Pièce 16, 1180 Rolle, Switzerland 
 (The “Company”); 

and 
 Joanne Lau of Avenue
Winston Churchill 123/8, 1180 Brussels, Belgium 
  

 
  

	1.	 Interpretation 

 

	1.1	 Throughout this Agreement, any reference to the term “Group Company” shall mean the Company
and all companies which are for the time being either a Holding Company of the Company or a Subsidiary Company of either the Company or any such Holding Company (and “Subsidiary Company” and “Holding Company” shall
have the meanings ascribed to them by art. 5 para. 1 Ordinance on Merger Control). 

  

	1.2	 For the avoidance of doubt, reference to the “Group” shall be taken to mean the Company, any
Subsidiary Company, any Holding Company and/or any company within the Garrett Motion Sàrl corporate group. 

  

	2.	 Date of Commencement of Employment 

 

	2.1	 Your employment with the Company under this Agreement shall begin no later than October 15th, 2021
subject to you obtaining a valid work permit for Switzerland. 

  

	3.	 Employee Warranties 

 

	3.1	 By entering into this Agreement: 

 

	 	(a)	 you warrant that you are not bound by nor subject to any court order, arrangement, obligation (express or
implied), restriction or undertaking (contractual or otherwise) which prohibits you or restricts you from entering into this Agreement; 

  
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	 	(b)	 you undertake to indemnify the Company and/or any Group Company against any claims, costs, damages, liabilities
and/or expenses which the Company and/or any Group Company may incur as a result of any claim that you are in breach of any order, arrangement, obligation, restriction or undertaking referred to in clause 3.1(a) above; 

 

	 	(c)	 you warrant that you have no previous convictions relating to (and have not previously been reported for or
been the subject to investigation for) bribery-related offences (including, without limitation, offences under local applicable anti-bribery legislation). 

  

	4.	 Job Title, Duration of Employment & Duties 

 

	4.1	 Your job title is VP, CAO and Corporate Controller which is a full-time permanent role.

  

	4.2	 Your duties in such role are to be commensurate with the job title, together with all lawful and reasonable
requests made to you in relation to the business operations of the Company and the Group (and any changes therein) from time to time. 

  

	4.3	 You agree that you shall faithfully and diligently carry out all work and tasks which are entrusted to you,
always safeguarding the interests of the Company and of the Group in this regard. You must not during your employment with the Company (whether or not during or outside your normal working hours) carry out any work for (or be involved) in any other
business for yourself or any other person, firm, company or organization, without first obtaining written permission from the Company. In all cases, it is your obligation to declare any conflict of interest or potential conflict of interest that may
arise during the course of your employment with the Company and in accordance with Group’s conflict of interest policies and procedures in place from time to time. 

 

	4.4	 In addition, you also agree: 

 

	 	(a)	 to do your work with care and integrity, taking account of time, place and agreed conditions;

  

	 	(b)	 to act in conformity with orders and instructions given by the Company and/or the Group (or their
representatives) in order to fulfil your duties under this Agreement; 

  

	 	(c)	 protect the Company’s interests at all times. You are consequently prohibited during the term of your
employment with the Company from committing or participating in any act of unfair competition and from any act prejudicial to the Company, the Group and its employees; 

 

	 	(d)	 to abstain, during your employment and following its termination (for whatever reason) from divulging any
confidential and/or commercially sensitive information of the Company and/or the Group which you only became aware of by virtue of your employment with the Company with the sole exception when required in the exercise of your work duties. In which
case you shall request a Non-Disclosure Agreement (NDA) from the third party; 

  

	 	(e)	 to abstain from anything which may be harmful either to your own safety or to that of Company, the Group and/or
any of the Group’s staff or third parties; 

  
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	 	(f)	 to comply at all times with the [Group’s Code of Business Conduct] and/or any policies and procedures in
place from time to time. 

  

	5.	 Normal Place of Work  

 

	5.1	 Your normal place of work is at the Company’s premises in Rolle, Canton of Vaud, Switzerland.

  

	5.2	 In addition, noting the seniority and global nature of your role, you understand that your employment with the
Company requires flexibility and as such, you agree to work in such other locations as the Company and/or the Group may from time to time require, including overseas. In such a case, the Company will inform you reasonably in advance.

  

	6.	 Normal Hours of Work 

 

	6.1	 Your agreed mandatory working hours are at least 40 hours per week, distributed over five days.

  

	6.2	 Noting the seniority and global nature of your role, you understand that you shall have to work beyond such
mandatory working hours and/or work timetable in order to properly fulfil your duties. You acknowledge and agree that the basic salary set out in clause 7 below sufficiently takes into account the need for you to work such additional hours as may be
necessary from time-to-time, and so you expressly renounce receipt of any additional remuneration compensation for any such extra/overtime hours. 

 

	7.	 Base Salary 

  

	7.1	 Your base salary will be 340’000.- CHF gross per annum. 

 

	7.2	 Your base salary will accrue from
day-to-day and is payable by credit transfer into your nominated bank account by twelve equal monthly payments and a thirteenth month payment (prorated accordingly),
subject to all applicable statutory or contractual deductions that the Company is obliged to make. Such deductions could include withholding for OASI (AVS) / DI (AI) / ALI (APG), unemployment insurance, pension fund contributions, non-professional accident insurance, or withholding taxes (if applicable). The amounts of any such deductions shall be indicated in the monthly pay slip and can be changed on the basis of new legal provisions or
changes in the insurance applicable to you. Where applicable, you shall also receive family allowance payments from the Company. 

  

	7.3	 The Company may at any time deduct from your basic salary any sums which you owe to the Company or any member
of the Group, and on entering into this Agreement you give the Company express consent to make such deduction (subject at all times to applicable local law), including but not limited to the following instances: 

 

	 	(a)	 for each full or part day of unauthorised absence; 

where the Company has been caused loss where you have been involved in more than the number of ’at fault’ accidents permitted in the
Company Car policy in place from time to time; 
  

	 	(b)	 if your personal usage of your Company mobile phone is substantively higher than the reasonable personal usage
allowances in place from time to time; 

  
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	 	(c)	 where you cause loss or damage to the Company’s property through your own negligence;

  

	 	(d)	 where there is any overpayment to you of any kind; and/or 

 

	 	(e)	 where the Company has to pay any third-party liabilities for you (e.g. traffic fines). 

 

	8.	 Participation in Annual Incentive Compensation 

 

	8.1	 Subject to the eligibility requirements and the rules set out in Annual Incentive Compensation
“ICP” in place from time to time, you are eligible to participate in “ICP” program, which shall provide you, on an annual basis, with an annual target bonus award opportunity equal to 40% of your basic salary.

  

	8.2	 Based on the rules of such annual individual bonus program in place from time to time, you may receive an
annual bonus payment (or pro-rated bonus payment), which shall be made in relation to the relevant calendar year on or around the March payroll date of the subsequent calendar year. For the avoidance of doubt,
any payment made to you under the Group’s individual annual bonus program for any given calendar year, will be made subject at all times to you being in active employment (and therefore not under notice of termination of employment, regardless
of whether served by you or by the Company) as at the relevant due payment date. 

  

	8.3	 The Company may amend or withdraw the annual individual bonus program at any time. Your participation in such
annual individual bonus program does not guarantee the payment of any annual bonus to you and payment under such scheme, together with scale of any such payment, shall remain entirely at the discretion of the Company. Any annual bonus payment to you
shall be purely discretionary and shall not form part of your contractual remuneration under this Agreement. Payment of a bonus to you by the Company in any given bonus year (i.e. the relevant calendar year) shall not confer any right or entitlement
for you to receive a bonus payment in any other bonus year. 

  

	9.	 Participation in Equity Scheme 

 

	9.1	 Noting the seniority and global nature of your role, you are eligible for annual long-term incentive
(“LTI”) awards from the Group with an initial target value of 60% of your base salary. The size and mix of future LTI awards will be determined by the board of directors of the Group’s overall Holding Company, based on
your performance and future career potential. The terms of all LTI awards will be governed by the terms of the applicable stock plan and the relevant award agreements in place from time to time. 

 

	10.	 Sign-on Awards 

 

	10.1	 You will receive a sign-on bonus payment amounting to CHF 65’000
gross, plus an additional CHF 20’000 net, payable during your first month of employment. If you leave the Company for any reason within one year of your Commencement of Employment Date, the entire sign-on
bonus payment will be immediately repayable by you to the Company. 

  
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	10.2	 You will receive a grant of Garrett Restricted Stock Units (“RSUs”) with a grant value of USD
274’822.00 during the first 60 days of your employment. This will vest in 2 instalments on the 3rd and 4th anniversary after grant date.
The RSUs shall be granted under, and shall be subject to the terms of, the applicable Stock Incentive Plan of Garrett Motion Inc. and its Affiliates and governed by the relevant award agreement. 

 

	11.	 Car Allowance 

 

	11.1	 Noting your role, you will receive a gross car allowance payment of CHF 1’725 for the duration of
your employment with the Company, subject to you being (and remaining) legally entitled to drive in Switzerland, to be paid at the same time and in the same manner, as your monthly payment of basic salary referred to at clause 7 above, but which
shall not be treated for any purpose as part of your basic salary and shall not be pensionable. 

  

	12.	 Participation in a Pension Scheme 

 

	12.1	 You shall be enrolled in the applicable pension scheme of the Company. Contributions and benefits are
determined by the pension scheme rules and regulations, as amended from time to time at the Company’s discretion. 

  

	12.2	 Your employee contributions (if any) shall be deducted by the Company from your basic salary on a monthly
basis. 

  

	13.	 Vacation 

  

	13.1	 The Company vacation year runs from January 1st to
December 31st. 

  

	13.2	 Your contractual paid vacation entitlement, in addition to any local applicable public holiday, is in line with
the formula below (which includes previous service with an associated employer): 

  

					
	Less than 3 years’ service:	  	25 days per annum	  	
	3 - 9 years’ service:	  	27 days per annum	  	
	10 + years’ service:	  	30 days per annum	  	

  

	13.3	 Under Swiss labor law, the minimum entitlement is 20 days of paid vacation per year. Holidays must be taken at
a time convenient to the Company and agreed in advance with the Company, in line with any Company vacation policy in place from time to time. 

  

	14.	 Relocation 

  

	14.1	 This Agreement is contingent on you agreeing to relocate to the Rolle, Switzerland area. You will be eligible
for relocation assistance in accordance with the Company’s relocation guidelines. You will be contacted by a representative from our relocation vendor after you return your signed Agreement to initiate the relocation process in accordance with
the company’s relocation policy in place from time to time. 

  
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	15.	 Illness or Accident-Related Absence 

 

	15.1	 In case of your inability to perform your duties under this Agreement due to illness or accident, you shall be
entitled to receive your basic salary according to the applicable terms and conditions of the Company’s insurance in place from time to time for loss of earnings due to illness or accident. 

 

	15.2	 If no insurance for loss of earnings due to illness or accident has been entered into by the Company, the
Company’s obligation to continue to pay you your basic salary during such period of absence due to illness or accident shall be determined by Art. 324a of the Swiss Code of Obligations (Bernese scale). 

 

	15.3	 In the case of your inability to perform your duties under this Agreement due to illness or accident, your
obligations shall be as follows: 

  

	 	(a)	 on the first day of absence, to immediately notify, during the Company’s working hours, your line manager
(or, if they are absent or if this doesn’t apply, then the Human Resources department) of the fact of the absence and if possible the expected return to work date; 

 

	 	(b)	 to present a medical certificate for any illness related absence exceeding three days, sent to the Company
within five days of start of such absence provided, however, that the Company may at any time ask that a medical certificate be provided from the first day of absence; 

 

	 	(c)	 if required by the Company, you agree to undergo a medical examination by a medical professional (of the
Company’s choice and at the Company’s expense). In case of any divergence of opinion between the responsible Company-appointed medical professional physician and your own medical adviser, the parties shall agree, as at that moment, to
submit the dispute to be arbitrated by a third medical professional chosen by common agreement of the physicians for each of the parties; 

  

	 	(d)	 you release your medical professional and the medical professional appointed by the Company from their secrecy
obligation vis-à-vis the Company to the extent required for the Company to assess its rights and obligations and 

 

	 	(e)	 the Company reserves the right to request that you return to work upon presentation of a medical certificate
attesting to a complete cure/recovery. 

  

	16.	 Employee Agreement relating to Trade Secrets, Proprietary and Confidential Information

  

	16.1	 Noting the seniority and global nature of your role, you agree as a condition of this Agreement to enter into
the Company’s ‘Employee Agreement Relating to Trade Secrets, Proprietary and Confidential Information’, the form of which is annexed at Appendix 1 to this Agreement. 

 

	17.	 Data Protection 

 

	17.1	 You hereby acknowledge that you have been informed that the Company uses computerised files containing personal
data and you accept that your personal data is used by the Human Resources Department. 

  
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	17.2	 Your personal data collected by the Company shall be processed loyally and in line with applicable data privacy
legislation and shall not be used in any manner incompatible with the purposes covered by the present provisions. Such data makes it possible to identify you indirectly or directly, to assess your suitability for the job and to perform your
employment contract and may be incorporated and used in completely controlled systems, computerised or manual. 

  

	17.3	 You are informed that the data systems are managed directly or indirectly by the Company or by any member of
the Group and may be stocked and retained in memory. 

  

	17.4	 You expressly accept the transfer of your personal data to other members of the Group or in the framework of
externalisation of some functions, towards any service beneficiary, as well as incorporation of some data in similar systems in other countries, including outside Switzerland and the European Union. Those countries may have data protection laws and
regulations that are different than those in Switzerland. 

  

	17.5	 The Company shall require any entity receiving your personal data to afford a similar level of protection to
that provided for under the laws of Switzerland. 

  

	17.6	 You are informed that you have a right to access your personal data while such is being processed and/or
managed by or on behalf of the Company even though the Company may have the right to restrict, delay or refuse access in accordance with applicable law. Furthermore, you have the right to request correction of any inaccurate personal data.

  

	18.	 Probation and Termination of Employment 

 

	18.1	 The first three months of employment are considered as a probation period during which either party can
terminate the Agreement with a notice period of one month. After the probation period, the Agreement may be terminated by either party giving notice in accordance with clause 18.2 

 

	18.2	 Either party may terminate your employment by giving the other six months’ written notice, to take effect
at the end of the relevant calendar month in which the notice expires. 

  

	18.3	 Upon either party giving the other the applicable written notice of termination as per clauses 18.1 and 18.2
above, the Company reserves the right, at its sole discretion, to place you on garden leave for any or all of your notice entitlement. During any such period where you are placed on garden leave, all terms, conditions and benefits in relation to
your employment with the Company shall remain in place, except that you will not be required to carry out any of your day-to-day duties, and you must not without
(without prior approval from your manager and/or the Human Resources Department as applicable) (i) attend any workplace or premises belonging to the Company, or any other member of the Group or any customer or third party partner (whether
actual or potential) of any member of the Group; or (ii) have any contact whatsoever with any staff member of the Company (whether actual or potential) or of any member of the Group (other than purely social contact); or (iii) have any
contact whatsoever with any customer or third party partner (whether actual or potential) of any member of the Group. 

  
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	18.4	 For the avoidance of doubt, during any period that you are placed on garden leave, the Company is entitled to
require you to perform modified duties and/or take any unused holiday that you have accrued. During any such period where you are placed on garden leave, you may assume a gainful activity, provided (i) such other activity does not compete with
the business of the Company or any member of the Group; (ii) such other activity does not violate any of your other duties to the Company or any member of the Group; and (iii) any income that you receive from such gainful activity shall be
notified to the Company for the purposes of the Company deducting such sum from your salary and other benefits. 

  

	18.5	 Notwithstanding the termination on notice provisions for either party in accordance with clauses 18.1 and 18.2
above, the Company may also terminate your employment summarily without any entitlement to notice or payment in respect of such notice by notifying you in writing for cause. 

 

	18.6	 Upon the termination of your employment for whatever reason (and regardless of whether in accordance with
clauses 18.1, 18.2 or 18.5 above), or upon the commencement of any garden leave in accordance with clause 18.3 above, you must immediately return all property belonging to the Company, any Group Company or any customer or third party partner
(whether actual or potential) of any Group Company (including but not limited to documents, plans, records, computer programs, Company phone sim or phone device, Company laptop, Company vehicle or any other equipment, keys, credit cards, security
passes and materials), as well as all confidential information belonging to the Company, any Group Company or any customer or third party partner (whether actual or potential) of any Group Company in your possession or control (including but not
limited to any confidential information on computer hardware or software, whether stored on disks, equipment or otherwise), and no notes or copies of any trade secrets, sensitive information or confidential information shall be retained. Any
retention right is excluded. You may be required to sign an undertaking that all such property and/or confidential information has been returned to the Company (or where applicable and requested, destroyed). 

 

	18.7	 Further, upon the termination of your employment for whatever reason (and regardless of whether in accordance
with clauses 18.1, 18.2 or 18.5 above), you agree that you will not represent yourself as being connected with the Company or any Group Company, in any capacity (other than as a former employee), or use any registered names or trading names
associated with the Company and/or any Group Company. For the avoidance of doubt, this includes such representations on LinkedIn or other social media platforms. 

 

	18.8	 If applicable, upon the termination of your employment for whatever reason (and regardless of whether in
accordance with clauses 18.1, 18.2 or 18.5 above), and/or at the express request of the Company, you will immediately resign from your directorship in all offices held by you in the Company and/or in any Group Company, and in addition, you agree to
comply with all reasonable requests made by the Company to you with regards to the proper execution of any pending directorship duties prior to your termination as well as all reasonable requests necessary to complete your resignation/removal as a
director. 

  

	18.9	 In case of resignation or dismissal for cause you shall reimburse the company costs incurred by our
International Relocation program which includes a provision requiring 

  
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you to repay 100% of all costs spent on your behalf for your localization should you elect to leave Garrett in a certain period of time. Repayment of all costs associated with your localization
will be due should you decide to voluntarily leave the Company, or be terminated for cause, within 24 months of your effective date of hire. All repayment amounts are due and payable immediately in a lump sum payment at your termination of active
employment. 

  

	19.	 Post-Termination Restrictions 

 

	19.1	 The following definitions apply for the restrictions set out in the remainder of this clause:

 “Capacity” means acting as agent, consultant, director, employee, owner, partner, shareholder or in any
other capacity (whether directly or otherwise and/or whether acting on your own behalf or in conjunction with any firm, company or person). 

“Relevant Period” means the 12-month period prior to the your last actual date of work
while employed by the Company. 
 “Restricted Business” means (a) the commercialization (including but not limited to
development, design, marketing, manufacturing, importing, selling, renting, or otherwise placing into commerce) of turbocharging technology and automotive software products and services; and/or (b) any other business activity which the Company
or any other Group Company may be engaged in during the Relevant Period, in either case with which you were involved in to a material extent during your employment with the Company in the Relevant Period. 

“Restricted Customer” means any firm, company or person who, during the Relevant Period, was a customer (or
prospective customer) of the Company or any other member of the Group and with whom you had contact with or about whom you became aware or informed of during your employment with the Company. 

“Restricted Partner” means any firm, company or person who, during the Relevant Period, was a client or
business partner (or prospective client or business partner) of the Company or any other member of the Group and with whom you had contact with or about whom you became aware or informed of during your employment with the Company. 

“Restricted Person” means anyone employed or engaged by the Company and/or any member of the Group and with whom you dealt
with in the course of your employment in the Relevant Period (but excluding any employee employed in an administrative, clerical, manual or secretarial capacity); and 

“Territory” means (noting the seniority and global nature of your role): (a) all jurisdictions across the globe in
which the Company or any member of the Group have business operations; and/or (b) all jurisdictions globally where, during the Relevant 

  
 9 

 

 
  

 
Period, the Company and/or any member of the Group undertook Restricted Business and in respect of which during the Relevant Period you were involved or for which you had management
responsibility. 
  

	19.2	 In order to protect the Group’s legitimate proprietary interests, confidential information and business
connections to which you have had access to as a result of your employment with the Company, and noting the seniority and global nature of your role, you expressly covenant with the Company (for itself and as trustee and agent for each Group
Company) that you shall not: 

  

	 	(a)	 for a period of 24 months after the termination of your employment, be involved in any Capacity with any
business concern in the Territory which is (or intends to be) in competition, whether directly or otherwise, with any Restricted Business; 

  

	 	(b)	 for a period of 12 months after the termination of your employment, solicit or endeavour to entice away from
the Company and/or other member of the Group, the business or custom of a Restricted Customer or Restricted Person with a view to providing goods or services to that Restricted Customer or Restricted Person in competition with any Restricted
Business; 

  

	 	(c)	 for a period of 12 months after the termination of your employment, deal or otherwise be involved with the
provision of goods or services to (or otherwise have any business dealings with) any Restricted Customer or Restricted Person in the course of any business concern which is in competition with any Restricted Business; and/or 

 

	 	(d)	 for a period of 12 months after the termination of your employment, in the course of any business concern which
is in competition with any Restricted Business, offer to employ or engage or otherwise endeavour to entice away from the Company and/or any other member of the Group, any Restricted Person (whether or not such person would be in breach of contract
as a result of such employment or engagement). 

  

	19.3	 None of the restrictions in sub-clause 19.2 above shall prevent you
from holding an investment by way of shares or other securities of not more than 5% of the total issued share capital of any company, whether or not it is listed or dealt in on a recognised stock exchange. 

 

	19.4	 The periods for which the restrictions in sub-clause 19.2 apply shall
be reduced by any period that you spend on garden leave (in accordance with sub-clause 18.3 above) immediately before the termination of your employment. 

 

	19.5	 If you receive an offer to be involved in a business concern in any Capacity during your employment with the
Company, or before the expiry of the last of the covenants in sub-clause 19.2, you shall give the person making the offer to you a copy of this clause 19 and shall tell the Company the identity of that person
as soon as possible after receiving such offer. 

  
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	19.6	 You confirm that you have entered into the restrictions in sub-clause
19.2 with the Company having been given sufficient time to properly consider the content and implications for you. Further, you warrant and represent your experience and capabilities are such that the restrictions contained in sub-clause 19.2 will not, upon the termination of your employment with the Company (for whatever reason), prevent you from obtaining employment or otherwise earning a reasonable living. 

 

	19.7	 Each of the restrictions set out in sub-clause 19.2 are intended to be
separate and severable. If any of the restrictions themselves shall be held to be void but would otherwise be valid if part of their wording were deleted or amended, such restriction shall apply with such deletion or amendment as may be necessary to
make it valid or effective. 

  

	19.8	 If your employment is transferred to any firm, company, person or entity other than another Group Company (the
“New Employer”) pursuant to art. 333 of the Swiss Code of Obligations, you agree that this clause 19 will apply to the benefit of such New Employer. 

 

	19.9	 Noting the seniority and global nature of your role, you understand that a violation of the obligations under
this clause 19 is likely to cause serious damage to the Company and/or another member of the Group. Therefore, upon any breach of your obligations under this clause 19, you agree that you shall pay to the Company an amount equal to your last annual
gross basic salary as a contractual penalty. However, you also warrant that the payment of such contractual penalty shall not relieve you from your obligations. The Company’s right to claim damages is expressly reserved. Furthermore, the
Company shall in any event be entitled to seek judicial enforcement of your obligations. 

  

	19.10	 You further agree that a remedy at law for any breach or threatened breach of the provisions of this clause 19
would be inadequate and therefore agree that the Company shall be entitled to injunctive relief in case of any such breach or threatened breach. You acknowledge and agree that the Company may apply to any court of law or equity of competent
jurisdiction for specific performance and/or injunctive relief in order to enforce or prevent any violation of the provisions of this clause, and that money damages would not be an adequate remedy for such breach. 

 

	19.11	 You acknowledge and agree that a violation of this clause would cause irreparable harm to the Company and/or
the Group, and covenant that you will not assert in any proceeding that a violation or further violation of this clause: (i) will not result in irreparable harm to the Company and/or Group; or (ii) could be remedied adequately at law. The
Company’s right to injunctive relief shall be cumulative and in addition to any other remedies available at law or equity. In the event that a court determines that you have breached or threatened to breach this clause, you agree to reimburse
the Company for all attorneys’ fees and costs incurred in enforcing its terms. However, nothing contained herein shall be construed as prohibiting the Company from pursuing any other remedies available for any such breach or threatened breach
against you or your new employer, which may also include, but not be limited to, contract damages, lost profits and punitive damages. 

  
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	20.	 The Company’s Policies & Procedures 

 

	20.1	 You shall be entitled to be reimbursed for reasonable out-of-pocket expenses wholly and properly incurred in the course of your duties, upon production of satisfactory evidence and subject at all times to your compliance with the Company’s Expenses policy
in place from time to time. Any credit card supplied by the Company to you shall be used only for expenses incurred by you in the course of your duties. 

  

	20.2	 With respect to safety and health during work, you are obliged to respect all measures of precaution, in line
with local legislation and as stated by the Company in its Health, Safety & Environment policies. 

  

	20.3	 You agree at all times to adhere to and respect all policies and procedures applicable in the Company, whether
referenced in this Agreement or not, as such policies and procedures might be implemented and/or amended from time to time. In the event of differences between this Agreement and any Company policies or procedures, the provisions of this Agreement
shall prevail. 

  

	21.	 Dodd-Frank Clawback 

 

	21.1	 Notwithstanding any other provision of this Agreement to the contrary, in conformity with Section 10D of
the United States Securities Exchange Act 1934, as amended, and any regulations promulgated, or national securities exchange listing conditions adopted, with respect thereto (collectively, the “Clawback Requirements”), if the Company is
required to prepare an accounting restatement due to intentional misconduct or grossly negligent conduct with any financial reporting requirements under the securities laws, then you shall return to the Company, or forfeit if not yet paid, the
amount of any “incentive-based compensation” (as defined under the Clawback Requirements) received during the three-year period preceding the date on which the Company is required to prepare the accounting restatement, based on the
erroneous data, in excess of what would have been paid to you under the accounting restatement as determined by the Company in accordance with the Clawback Requirements. 

 

	22.	 General 

  

	22.1	 You must notify your immediate line manager immediately of any matter which may impact any aspect of your
employment, including but not limited to the following non-exhaustive examples: 

  

	 	(a)	 if you change your address, telephone number or bank account details; 

 

	 	(b)	 if you become aware of any breach of employment duties or any leak of confidential information;

  

	 	(c)	 If you become aware of any misconduct on the part of any other employee; 

  
 12 

 

 
  

	 	(d)	 if you become bankrupt, of unsound mind, are disqualified from acting as a director or are subject to or
involved in any professional, civil or criminal proceedings which might affect the carrying out of your duties; or 

  

	 	(e)	 if you commit, are charged with or are convicted of any criminal offence (excluding minor motoring offences
only). 

  

	22.2	 There are no collective agreements, which directly affect the terms and conditions of your employment.

  

	22.3	 All amendments to this Agreement shall be in writing, in English and signed by both parties.

  

	23.	 Relevant Law 

  

	23.1	 The laws of Switzerland govern this Agreement and all other contractual documentation given to you. Any dispute
will be subject to the exclusive jurisdiction of the courts where you ordinarily performed work or where the defendant has its seat or domicile. 

  

	24.	 Execution 

  

	24.1	 This Agreement may be executed in any number of counterparts, each of which when executed shall constitute a
duplicate original, but all the counterparts shall together constitute the one agreement. 

  

	24.2	 Upon execution, this Agreement shall constitute the entire agreement and understanding between the
parties’ in respect of the matters dealt in it, and supersedes, cancels and nullifies any previous agreement between the parties relating to such matters including but not limited to any previous contract of employment between you and the
Company (or any other member of the Group). 

 Done in Rolle, July 30, 2021 

Garrett Motion Sàrl 
  

							
	/s/ Fabrice Spenninck	  		  		  	/s/ Joanne Lau
	Fabrice Spenninck	  		  		  	Joanne Lau
		
	Senior VP, Chief Human Resources & Communications	  	
				
	The Company	  		  		  	The Employee

  
 13

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