Document:

Exhibit 4.1

    

    

    THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      "SECURITIES ACT"), AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM.  THE HOLDER OF THIS
      SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) PURSUANT TO ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, (II) PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT, OR (III) TO THE COMPANY, IN EACH OF CASES (I) THROUGH (III) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES.

    GLOBAL SHIP LEASE, INC.

    8.00% SENIOR NOTE DUE 2024

    $35,000,000 No.:

    GLOBAL SHIP LEASE, INC., a Marshall Islands corporation (hereinafter called the "Company", which term includes any successor corporation under the Indenture referred to below), for value received, hereby promises to pay to BOREALIS FINANCE LLC (the "Holder"), or registered assigns, the principal sum of $35,000,000 (THIRTY FIVE MILLION DOLLARS) on December 31, 2024, and to pay interest thereon from and including July 29, 2021 or from the most
      recent Interest Payment Date on which interest has been paid or duly provided for, quarterly on the last day of February, May, August and November in each year, commencing August 31, 2021, and at maturity, at the rate of 8.00% per annum, until the
      principal hereof is paid or made available for payment.  For the avoidance of doubt, the initial interest period shall begin on July 29, 2021, shall end on August 30, 2021, and shall be paid on August 31, 2021.  Interest on this Note shall be
      computed on the basis of a 360-day year of twelve 30-day months.  If any Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the required payment of interest or principal, as the case may be, shall be made on the
      next succeeding Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or the Maturity Date, as the case may be, to such next
      Business Day.  The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the
      close of business on the regular record date for such interest, which shall be the February 15, May 15, August 15 or November 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date.  Any such interest which
      is payable but not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the registered Holder hereof on the relevant regular record date by virtue of having been such Holder, and may be paid to the
      Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a subsequent special record

    
      
        

    

    date (which shall be at least 10 days before the payment date) for the payment of such defaulted interest to be fixed by the Company, notice
      whereof shall be given to the Holders of Notes not less than 10 days prior to such special record date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be
      listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

    Payment of the principal of and interest on this Note will be made at the office or agency of the Company maintained for
      that purpose in The Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that, at the option of the Company, interest may be paid by check mailed to the
      address of the Person entitled thereto as such address shall appear in the Security register.

    This Note is one of a duly authorized issue of securities of the Company designated as its 8.00% Senior Notes due 2024
      (herein called the "Notes"), issued and to be issued in one or more series under an Indenture, dated as of November 19, 2019 (the "Base Indenture"), between the Company and Wilmington Savings Fund Society, FSB, as Trustee (herein called the "Trustee," which term includes any successor trustee under the Indenture), as supplemented by the First Supplemental Indenture, dated November 19, 2019, between the
      Company and the Trustee (as amended and supplemented from time to time, the "First Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), to which Indenture and all indentures supplemental thereto, reference is hereby made for a statement of the respective rights, limitations of rights, duties
      and immunities thereunder of the Company, the Trustee and the Holders of the Notes, and of the terms upon which the Notes are, and are to be, authenticated and delivered.  This Note is one of the series designated on the face hereof, initially
      limited (subject to exceptions provided in the Indenture) to the aggregate principal amount of $35,000,000.

    If an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes may be declared
      due and payable in the manner and with the effect provided in the Indenture.

    The Notes may not be redeemed prior to the Maturity Date, except as described in Section 4.01 of the First Supplemental
      Indenture.  The Notes are not subject to any sinking fund.

    The Indenture contains provisions permitting, with certain exceptions as therein provided, the amendment thereof and the
      modification of the rights and obligations of the Company and the rights of the Holders of the Notes of each series issued under the Indenture at any time by the Company and the Trustee with the written consent of the Holders of a majority in
      aggregate principal amount of the Notes at the time Outstanding of each series affected thereby.  The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Notes of any series at the
      time Outstanding, on behalf of the Holders of all Notes of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.  Any such consent or waiver by
      the

    
      
        

    

    Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Notes issued upon
      the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

    No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the
      obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Note, at the times, place and rate, and in the coin or currency, herein and in the Indenture prescribed.

    As provided in the Indenture and subject to certain limitations set forth therein and in this Note, the transfer of this
      Note may be registered on the Security register upon surrender of this Note for registration of transfer at the office or agency of the Company maintained for that purpose in any place where the principal of and interest on this Note are payable,
      duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed by, the Holder hereof or by his attorney duly authorized in writing, and thereupon one or more new Notes of this
      series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.  To permit registrations of transfers and exchanges, the Company will execute, and the
      Trustee or the Authenticating Agent will authenticate, Global Notes and Definitive Registered Notes upon receipt of a Company Order in accordance with Section 2.03 of the Indenture or at the Registrar's request.  The Trustee reserves the right to
      require the delivery of such legal opinions, certifications or other evidence in order to determine that any proposed transfer is being made in compliance with the Securities Act and applicable state securities laws. Notwithstanding anything
      contained in the Indenture or this Note to the contrary, the Trustee will have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under the Indenture, this Note or under applicable law
      with respect to any transfer of any interest in this Note other than to require delivery of the Assignment Form attached to this Note, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

    The Notes are issuable only in registered form in the denominations of $25.00 or any integral multiple thereof. As
      provided in the Indenture and subject to certain limitations set forth in the Indenture, and in this Note, the Notes are exchangeable for a like aggregate principal amount of Notes of this series in different authorized denominations, as requested by
      the Holders surrendering the same.

    No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of
      a sum sufficient to cover any tax or other governmental charge payable in connection therewith, other than in certain cases provided in the Indenture.

    Prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company
      or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note

    
      
        

    

    be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

    The Indenture contains provisions whereby (i) the Company may be discharged from its obligations with respect to the Notes
      (subject to certain exceptions) or (ii) the Company may be released from its obligations under specified covenants and agreements in the Indenture, in each case if the Company irrevocably deposits with the Trustee money or U.S. Government
      Obligations, or a combination thereof, in an amount sufficient, without consideration of any reinvestment, to pay and discharge the entire indebtedness on all Notes of this series, and satisfies certain other conditions, all as more fully provided in
      the Indenture.

    This Note shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements
      made or instruments entered into and, in each case, performed in said State.

    All terms used in this Note without definition that are defined in the Indenture shall have the meanings assigned to them
      in the Indenture.

    [Remainder of Page Intentionally Left Blank]

    
      
        

    

    IN WITNESS WHEREOF, the Company has caused this Note to be to be duly executed as of the date set forth below.

    	 	 	
            GLOBAL SHIP LEASE, INC.

          
	 	 	 
	 	 	
            By:

          	 
	 	 	 	
            Name: Ian J. Webber

          
	 	 	 	
            Title: Chief Executive Officer

          
	 	 	 
	 	 	 
	 	 	
            By:

          	 
	 	 	 	
            Name: Anastasios Psaropoulos

          
	 	 	 	
            Title: Chief Financial Officer

          
	 	 	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Signature Page to 8.00% Senior Note due 2024]

    
      
        

    

    Trustee's Certificate of Authentication

    This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

    Dated: July 29, 2021

    	 	 	
            WILMINGTON SAVINGS FUND SOCIETY, FSB, as Trustee

          
	 	 	 
	 	 	
            By:

          	 
	 	 	 	
            Authorized Signatory

          
	 	 	 	 
	 	 	 
	 	 	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Certificate of Authentication to 8.00% Senior Note due 2024]

    
      
        

    

    ASSIGNMENT FORM

    FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

    PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

    
      PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

      

      

    

    	 	 
	 	 
	 	 

    

    

    the within Security and all rights thereunder, hereby irrevocably constituting and appointing attorney to transfer said Security on the books
      of the Company, with full power of substitution in the premises.  The Assignor hereby confirms and certifies that the Notes are being transferred (i) in compliance with the transfer restrictions set forth in the Notes, (ii) either (a) pursuant to an
      exemption from the registration requirements of the Securities Act, (b) pursuant to an effective registration statement under the Securities Act, or (c) to the Company, and (iii) in accordance with any applicable securities laws of any state of the
      United States of America.

    Dated: 

    Signature: 

    	NOTICE:	
            THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY
              CHANGE WHATEVER.

          

    Signature Guarantee:

    SIGNATURE GUARANTEE

    Signatures must be guaranteed by an "eligible guarantor institution" meeting the requirements of the Registrar, which
      requirements include membership or participation in the Security Transfer Agent Medallion Program ("STAMP") or such other "signature guarantee program" as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in
      accordance with the Securities Exchange Act of 1934, as amended.Document

Exhibit 10.16

AMENDMENT SIXTEEN TO THE
LOGISTICS SERVICES AGREEMENT

This Amendment Sixteen (“Overflow Amendment”) is entered into as of July 12, 2021 (the “Effective Date”) and amends the Logistics Services Agreement (defined below) by and between Geodis Logistics LLC (“GEODIS”) and The Honest Company (“Client”, and together with GEODIS, the “Parties”).

WHEREAS, GEODIS and Client entered into that certain Logistics Services Agreement dated January 27, 2014 (“Agreement”);

WHEREAS, pursuant to the Agreement, GEODIS provides logistics and warehousing services for Client in a warehouse space located at 651 Boulder Drive, Breinigsville, PA 18031
 (the “Main Facility”); and

WHEREAS, Client requires additional overflow warehouse space and GEODIS has agreed to provide additional warehouse space and services within the facility located at is 951 Willowbrook Road, Northampton, PA 18067 (the “Overflow Warehouse”), as further described herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in the Agreement and this Overflow Amendment, and subject to the terms and conditions of the Agreement, with the exceptions defined below, the Parties agree as follows:

			
	1. Description of Services

GEODIS will provide Client warehouse handling and storage services, specifically including the unloading of inbound containers, inbound put-away, storage, and outbound loading of trailers (the “Overflow Services”) at the Overflow Warehouse.   

The terms and conditions set forth in the Agreement shall apply only to the Overflow Services contemplated hereunder; provided that, Section 1 (TERM), Section 6 (TERMINATION), and the Agreement exhibits (and language referencing such exhibits) shall not apply to the Overflow Services set forth herein and such terms shall be governed by this Overflow Amendment exclusively. The term “Warehouse” in the Agreement shall be understood to mean the Overflow Warehouse specified herein as it relates to this Overflow Amendment.  Should the Agreement be terminated or expire during the Term of this Overflow Agreement, the terms and conditions therein shall continue to govern these Overflow Services until the Parties execute a new master agreement that expressly governs these Overflow Services.

Should there be any other conflicts or inconsistencies between this Overflow Amendment and the Agreement, the provisions of this Overflow Amendment will control.  

			
	2. Term of Agreement

The term for the Overflow Services is to begin July 12, 2021 and expire on October 4, 2021. After such time, upon written agreement by both Parties, the Overflow Services may renew each month in successive one (1) month periods upon the mutual written agreement of the parties.  Following October 4, 2021, either Party may terminate the Overflow Services under this 
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Overflow Amendment for any reason whatsoever, in whole or in part, upon sixty (60) days’ written notice to the other Party.

			
	3. Assumptions, Facts and Operating Parameters

•GEODIS to receive containers for Client at the Overflow Warehouse
•GEODIS’ standard operating hours are 7:00 AM - 3:30 PM EST Monday - Friday 
•GEODIS will provide unloading of containers, inbound putaway, storage, outbound pallet pick, and outbound loading to Breinigsville Bldg.
•Product:  Personal care wipes + Diapers 
•Product that can be safely double stacked will be double stacked
•Bulk storage: Floor storage 
•Minimum square footage allocation: 20,000 square feet (19,000 square feet operational space; 1,000 square feet common space) 
•Maximum square footage allocation: 40,000 square feet 
•Temperature controlled space:  Ambient
•Hazmat or OTC SKUs in scope: Alcohol Wipes (limited quantity)

			
	4. Rates and Invoicing

In consideration for the Overflow Services, Client shall pay GEODIS the fees and charges (“Rates”) set forth below.

The Rates were determined in reliance on the operational parameters set forth in Section 3 above, as well as other data, projections or information provided to GEODIS by or on behalf of Client.  Any variances or changes to (i) the operational parameters or forecasts in Section 3, (ii) any other data, projections or information provided to GEODIS by or on behalf of Client, or (iii) the scope of Overflow Services from the Year One baseline values may result in additional costs or impact timelines and project plans.   

Open Book Pricing. Client and GEODIS agree to an open book pricing structure, wherein Client agrees to pay the expenses (both fixed and variable) for the Overflow Services, plus an applicable mark-up, discussed herein.  The fixed costs include rent, CAM, and insurance related to the Overflow Warehouse. The variable costs include, but are not limited to, direct hourly labor, indirect hourly labor, supplies, miscellaneous costs, salary labor, utilities, building repairs, maintenance, equipment, and systems cost. Fixed costs will be based on a square foot allocation percent calculated as follows: space used by Honest divided by total space in the building. For facility improvements, such as roof replacement and parking lot resurfacing, Honest will only be charged for the depreciation expense incurred during the time they occupy the space based on the square foot allocation. Hourly labor costs will be billed based on actual labor hours used supporting the Honest account. Salaried labor costs will be billed based on percent of time spent supporting the Honest account. The names and percent of salaried staff will be agreed upon between Geodis and Honest in advance and changes to the personnel or percent must be discussed before making the changes. Supply costs will be billed as used by Honest. Any supplies or expenses for external services that are based on square foot allocation must be itemized and agreed upon in advance. Additions or changes must be discussed in advance. Pursuant to the open book structure, a fee that consists of a “Management Margin” of [***] and “G&A Margin” of 
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[***], shall be applied to each of the actual fixed and variable charges throughout the Term (the “Margin”).  

The labor benefits expense (the “Benefit Rate”) is: [Wages + PTO+ Holiday] x[***]%.

									
	Space	Space rate [***] per square foot, minimum [***] SF per month.
	
	Labor	Hourly variable rate + Benefit Rate + Margin
	Equipment	Forklift, variable rate + Margin
	Supplies	As needed at GEODIS’ actual cost with a [***] markup

[***]

			
	5. Separate Agreement

Any termination, expiration, or breach of this Overflow Amendment shall have no bearing or effect on any other contractual relationships between the Parties. 

IN WITNESS WHEREOF, the Parties hereto have caused this Overflow Amendment to be executed by their duly authorized representatives.

THE HONEST COMPANY    GEODIS LOGISTICS LLC
						
	By:	/s/ Glenn Klages
	Printed Name:	Glenn Klages

	Title:	EVP Supply Chain

						
	By:	/s/ Anthony Jordan
	Printed Name:	Anthony Jordan

	Title:	Chief Operating Officer

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