Document:

EX-10.8

 Exhibit 10.8 

AMENDED AND RESTATED LOAN AGREEMENT 

THIS AMENDED AND RESTATED LOAN AGREEMENT (the “Agreement”), is entered into as of September 24, 2015, between PREFORMED LINE
PRODUCTS COMPANY, a corporation incorporated under the laws of the State of Ohio (“PLP U.S.”), with an address at 660 Beta Drive, Mayfield Village, Ohio 44143, PREFORMED LINE PRODUCTS PTY LTD, a corporation incorporated
under the laws of the Commonwealth of Australia (“PLP Australia”), with an address at 190 Power Street, Glendenning NSW 2761, Australia, and PNC BANK, NATIONAL ASSOCIATION (the “Bank”),
with an address at 1900 East Ninth Street, Cleveland, Ohio 44114. 
 The Borrowers (as hereinafter defined) and the Bank, with the intent to
be legally bound, agree as follows: 
 1. Loan. The Bank has made or may make one or more loans (collectively and
individually, the “Loan” or a “Loan”) to the Borrowers subject to the terms and conditions and in reliance upon the representations and warranties of the Borrowers set forth in this Agreement. The Loan is or
will be evidenced by a promissory note or notes of the Borrowers and all renewals, extensions, amendments and restatements thereof (if one or more, collectively, the “Note”) acceptable to the Bank, which shall set forth the interest
rate, repayment and other provisions, the terms of which are incorporated into this Agreement by reference. 
 This Agreement, the Note, the
subject LCs (as hereinafter defined) and all other agreements and documents now or hereafter executed and/or delivered pursuant hereto or thereto, as each may be amended, modified, extended or renewed from time to time, are collectively referred to
as the “Loan Documents.” Capitalized and other terms not defined herein shall have the meanings ascribed to them in the Loan Documents. 

The term “Borrowers” shall mean, collectively, PLP U.S. and PLP Australia, and “Borrower” means any one of
them, as the context may require. 
 The term “Companies” shall mean, collectively, the Borrowers and the Subsidiaries of
the Borrowers, and “Company” means any one of them, as the context may require. 
 The term “Subsidiary”
shall mean a corporation or other business entity if shares constituting a majority of its outstanding capital stock (or other form of ownership) or constituting a majority of the voting power in any election of directors (or shares constituting
both majorities) are (or upon exercise of any outstanding warrants, options or other rights would be) owned directly or indirectly at the time in question by the corporation or other business entity in question or another “Subsidiary of that
corporation or other business entity or any combination of the foregoing. 
 2. Letters of Credit. Bank agrees that
until the Expiration Date Bank will issue such letters of credit (each, a “subject LC”) for any Borrower’s account as such Borrower may from time to time request subject, however, to the conditions of this Agreement. 

2.1 Maximum. Bank shall not issue any subject LC if, after giving effect thereto, 

(a) the sum of (i) the aggregate undrawn balance of all then outstanding subject LCs plus (ii) the aggregate amount of
all unreimbursed draws of all then outstanding subject LCs (the “LC Exposure”) would exceed Fifteen Million Dollars ($15,000,000) or 

(b) the sum of the then aggregate outstanding Loans plus the then LC Exposure would exceed $50,000,000. 

 2.2 Term. No subject LC shall permit any draft to be drawn thereunder
on a date (the “last draw date”) that is more than one (1) year after the date of its issue, nor shall any subject LC permit the last draw date to be later than the third (3rd) banking day next preceding the Expiration Date. 

2.3 Form. Each subject LC shall: 

(a) be issued in such form as Bank may reasonably require, 

(b) be either a commercial letter of credit used solely for the importation of goods in the ordinary course of any
Borrower’s business or a standby letter of credit, and 
 (c) be denominated in Dollars or Agreed Foreign Currencies (as
such terms are defined in the Note). 
 2.4 Commission. Borrowers shall pay Bank at the issuance of each subject LC a
non-refundable commission equal to 
 (a) Bank’s standard percentage fee of the face amount of each commercial import
letter of credit, or 
 (b) one and one-eighth percent (1.125%) of the face amount of each standby letter of credit 

plus any other standard fees for issuance, amendment, registration or draws or any similar act generally charged by Bank in respect of letters
of credit issued by it. 
 2.5 Reimbursement. Each Borrower agrees to reimburse Bank for each draft or other item
paid by Bank pursuant to or otherwise in respect of any subject LC not later than one (1) Business Day after the date on which Bank made such payment. 

2.6 Subject to Loan Back-up. In the event of a draw under any subject LC, Bank is irrevocably authorized to prepare, to
sign any Borrower’s name to, and to deliver on any Borrower’s behalf an appropriate credit request requesting a Loan in an amount equal to the reimbursement amount plus any interest thereon, in the applicable currency. Bank will make the
requested Loan even if any Event of Default shall then exist and even if Borrowers for any other reason would then not be entitled to obtain any subject loan. Bank shall disburse all such loan proceeds directly to Bank to satisfy Borrowers’
reimbursement liability. 
 2.7 Unconditional Obligation. The obligation of Bank to make, and of Borrowers to pay,
the Loans made pursuant to the preceding section shall be absolute and unconditional and shall be performed under all circumstances, including (without limitation): 

(a) any lack of validity or enforceability of the subject LC in question, 

(b) the existence of any claim, offset, defense or other right that any Borrower may have against the beneficiary of such
subject LC or any of its successors in interest, 
 (c) the existence of any claim, offset, defense or other right that Bank
may have against any Borrower or any of its affiliates or against the beneficiary of such subject LC or any of their successors in interest, 

(d) the existence of any fraud or misrepresentation in the presentment of any draft or other item drawn and paid under such
subject LC or 
 (e) any payment of any draft or other item by Bank which does not strictly comply with the terms of such
subject LC provided such payment shall not have constituted gross negligence or willful misconduct. 

 2.8 Cash Collateralization. If any Default or Event of Default
shall occur and be continuing, on the Business Day that any Borrower receives notice from the Bank demanding the deposit of cash collateral pursuant to this paragraph, Borrowers shall deposit in an account with the Bank, in the name and for the
benefit of the Lender (the “LC Collateral Account”), an amount in cash equal to 105% of the LC Exposure as of such date plus accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral
shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrowers described in clauses (iii), (iv) or
(vi) of Section 10 of the Note. Such deposit shall be held by the Bank as collateral for the payment and performance of the Borrowers’ obligations under the Loan Documents. The Bank shall have exclusive dominion and control, including the
exclusive right of withdrawal, over such account and each Borrower hereby grants the Bank a security interest in the LC Collateral Account. Other than any interest earned on the investment of such deposits, which investments shall be made at the
option and sole discretion of the Bank and at the Borrowers’ risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by
the Bank for draws on subject LCs for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrowers for the LC Exposure at such time or, if the maturity of
the Loans has been accelerated, be applied to satisfy any other obligations. 
 2.9 Existing Letter of Credit. The
parties acknowledge and agree that the following Letters of Credit have been issued by the Bank in favor of PLP U.S. and are outstanding on and as of the date of this Agreement: (i) 18117019-00 in the original face amount of $2,099,265.00
issued on March 22, 2012 in favor of PLP U.S. for the benefit of CITIBANK N.A., BANGKOK BRANCH (collectively, the “Existing Letter of Credit”). It is expressly understood and agreed by each of the parties hereto that the
Existing Letter of Credit shall (i) constitute and be deemed to be subject LCs for all purposes of this Agreement, the Note and the other Loan Documents, and (ii) remain in full force and effect. PLP U.S. hereby ratifies, confirms and reaffirms
in all respects its obligations under and with respect to the Existing Letter of Credit. 
 3. Representations and
Warranties. Each Borrower hereby makes the following representations and warranties, which shall be continuing in nature and remain in full force and effect until the obligations arising under this Agreement and the other Loan
Documents are paid in full, and which shall be true and correct except as otherwise set forth on the Addendum attached hereto and incorporated herein by reference (the “Addendum”): 

3.1. Existence, Power and Authority. Each Company is duly organized, validly existing and in good standing
under the laws of the State of its incorporation or organization and has the organizational power and authority to own and operate its assets and to conduct its business as now or proposed to be carried on, and is duly qualified, licensed and in
good standing to do business in all jurisdictions where its ownership of property or the nature of its business requires such qualification or licensing, except where the failure to be so qualified or licensed could not reasonably be expected to
result in a material adverse change in its business, assets, operations, condition (financial or otherwise) or results of operations. Each Company is duly authorized to execute and deliver the Loan Documents to which it is a party, all
necessary organizational action to authorize the execution and delivery of the Loan Documents has been properly taken, and each Borrower is and will continue to be duly authorized to borrow under this Agreement and to perform all of the other terms
and provisions of the Loan Documents. 
 3.2. Financial Statements. The Borrowers have delivered or caused
to be delivered to the Bank its most recent balance sheet, income statement and statement of cash flows (as applicable, the “Historical Financial Statements”). The Historical Financial Statements are true, complete and accurate in
all material respects and fairly present the financial condition, assets and liabilities, whether accrued, absolute, contingent or otherwise and the results of the Companies’ operations for the period specified therein. The Historical Financial
Statements have been prepared in accordance with generally accepted accounting principles in effect from time to time (“GAAP”) consistently applied from period to period, subject in the case of interim statements to normal year-end adjustments and to any customary comments and notes reasonably acceptable to the Bank. 

 3.3. No Material Adverse Change. Since the date of the most
recent Financial Statements (as hereinafter defined), the Companies on a consolidated basis have not suffered any damage, destruction or loss, and no event or condition has occurred or exists, which has resulted or could reasonably be expected to
result in a material adverse change in their business, assets, operations, condition (financial or otherwise) or results of operation. 

3.4. Binding Obligations. Each Company has full power and authority to enter into the transactions provided
for in this Agreement and the other Loan Documents; and the Loan Documents, when executed and delivered by such Company, will constitute the legal, valid and binding obligations of such Company enforceable in accordance with their terms. 

3.5. No Defaults or Violations. There does not exist any Default or Event of Default or any default or
violation by any Company of or under any of the terms, conditions or obligations of: (i) its partnership agreement if such Company is a partnership, its articles or certificate of incorporation, regulations or bylaws if such Company is a
corporation or its other organizational documents as applicable; (ii) any indenture, mortgage, deed of trust, franchise, permit, contract, agreement, or other instrument to which it is a party or by which it is bound, the violation of which
could reasonably be expected to have a material adverse effect on the business, assets, operations, condition (financial or otherwise) or results of operations of the Companies on a consolidated basis; or (iii) in any material respect, any law,
ordinance, regulation, ruling, order, injunction, decree, condition or other requirement applicable to or imposed upon it by any law, the action of any court or any governmental authority or agency; and the consummation of this Agreement and the
transactions set forth herein will not result in any such default or violation or Event of Default. 
 3.6. Title to
Assets. Each Company has good and marketable title to the assets reflected on the most recent Financial Statements, free and clear of all liens and encumbrances, except for (i) current taxes and assessments not yet due and
payable, (ii) assets disposed of by such Company in the ordinary course of business since the date of the most recent Financial Statements, and (iii) Permitted Encumbrances (as hereinafter defined). 

3.7. Litigation. There are no actions, suits, proceedings or governmental investigations pending or, to the
knowledge of any Borrower, threatened against any Company, which could reasonably be expected to result in a material adverse change in its business, assets, operations, condition (financial or otherwise) or results of operations of the Companies on
a consolidated basis and there is no basis known to any Borrower for any action, suit, proceeding or investigation which could reasonably be expected to result in such a material adverse change. All pending litigation against any domestic
Company and litigation threatened in writing, in each case as of the date of this Agreement, is listed on the Addendum. 
 3.8.
Tax Returns. Each Company has filed all returns and reports that are required to be filed by it in connection with any federal, state or local tax, duty or charge levied, assessed or imposed upon it or its property or withheld
by it, including income, unemployment, social security and similar taxes, and all of such taxes have been either paid or adequate reserve or other provision has been made therefor. 

3.9. Employee Benefit Plans. Each employee benefit plan as to which any Company may have any liability
complies in all material respects with all applicable provisions of the Employee Retirement Income Security Act of 1974 (as amended from time to time, “ERISA”), including minimum funding requirements, and (i) no Prohibited
Transaction (as defined under ERISA) has occurred with respect to any such plan, (ii) no Reportable Event (as defined under Section 4043 of ERISA) has occurred with respect to any such plan which would cause the Pension Benefit Guaranty Corporation
to institute proceedings under Section 4042 of ERISA, (iii) no Company has withdrawn from any such plan or initiated steps to do so, and (iv) no steps have been taken to terminate any such plan. 

3.10 Environmental Matters. Each Company is in compliance, in all material respects, with all Environmental
Laws (as hereinafter defined), including, without limitation, all Environmental Laws in jurisdictions in which such Company owns or operates, or has owned or operated, a facility or site, stores Collateral, arranges or has arranged for disposal or
treatment of hazardous substances, solid waste or other waste, accepts or has accepted for transport any hazardous substances, solid waste or other wastes or holds or has held any interest in real property or otherwise. Except as otherwise
disclosed on the Addendum, no litigation or proceeding arising under, 

 
relating to or in connection with any Environmental Law is pending or, to the best of any Borrower’s knowledge, threatened against any Company, any real property which any Company holds or
has held an interest or any past or present operation of any Company. No release, threatened release or disposal of hazardous waste, solid waste or other wastes is occurring, or to the best of any Borrower’s knowledge has occurred, on, under or
to any real property in which any Company holds or has held any interest or performs or has performed any of its operations, in violation of any Environmental Law. As used in this Section, “litigation or proceeding” means any
demand, claim notice, suit, suit in equity, action, administrative action, investigation or inquiry whether brought by a governmental authority or other person, and “Environmental Laws” means all provisions of laws, statutes,
ordinances, rules, regulations, permits, licenses, judgments, writs, injunctions, decrees, orders, awards and standards promulgated by any federal, state or local governmental authority concerning health, safety and protection of, or regulation
of the discharge of substances into, the environment. 
 3.11. Intellectual Property. Each Company owns or
is licensed to use all patents, patent rights, trademarks, trade names, service marks, copyrights, intellectual property, technology, know-how and processes necessary for the conduct of its business as
currently conducted that are material to the condition (financial or otherwise), business or operations of the Companies on a consolidated basis. 

3.12. Regulatory Matters. No part of the proceeds of the Loan will be used for “purchasing” or
“carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time in effect or for any purpose which
violates the provisions of the Regulations of such Board of Governors. 
 3.13. Solvency. After giving
effect to the transactions contemplated by the Loan Documents, (i) the aggregate value of each Borrower’s assets will exceed its liabilities (including contingent, subordinated, unmatured and unliquidated liabilities), (ii) each Borrower will
have sufficient cash flow to enable it to pay such Borrower’s debts as they become due, and (iii) no Borrower will have unreasonably small capital for the business in which it is engaged. 

3.14. Disclosure. None of the Loan Documents contains or will contain any untrue statement of material fact
or omits or will omit to state a material fact necessary in order to make the statements contained in this Agreement or the Loan Documents not misleading. There is no fact known to any Borrower which materially adversely affects or, so far as
any Borrower can now foresee, might materially adversely affect the business, assets, operations, condition (financial or otherwise) or results of operation of any Company and which has not otherwise been fully set forth in this Agreement or in
the Loan Documents. 
 4. Affirmative Covenants. Each Borrower agrees that from the date of execution of
this Agreement until all obligations arising under, or related to, this Agreement and the other Loan Documents have been paid in full and any commitments of the Bank to Borrowers have been terminated, each Borrower will: 

4.1. Books and Records. Maintain, and cause each other Company to maintain, books and records in accordance with
GAAP and give representatives of the Bank access thereto at all reasonable times, upon reasonable advance notice and in the presence of a representative of the Borrowers, including permission to examine, copy and make abstracts from any of such
books and records and such other information as the Bank may from time to time reasonably request, and each Borrower will make available to the Bank for examination copies of any reports, statements and returns which such Borrower or any other
Company may make to or file with any federal, state or local governmental department, bureau or agency. In addition, each Company will permit the Bank at all reasonable times upon reasonable advance notice to consult with such Company’s
directors, officers, accountants, plan administrators and, in the presence of an officer or designated representative of the Borrowers, employees in respect of its financial condition, properties and operations, each of which parties is hereby
authorized to make such information available to the Bank to the same extent it would to such Company. 
 4.2. Interim
Financial Statements; Certificate of No Default. Furnish the Bank within 45 days after the end of each of the first three fiscal quarters of each fiscal year the Borrowers’ Financial Statements for such
period, in reasonable detail, certified by an authorized officer of each Borrower and prepared in accordance with GAAP consistently applied from period to period. Each Borrower shall also deliver a certificate as to its compliance with applicable
financial covenants (containing detailed calculations of all financial covenants) for the 

 
period then ended and whether any Event of Default exists, and, if so, the nature thereof and the corrective measures the Borrowers propose to take. As used in this Agreement,
“Financial Statements” means the Borrowers’ consolidated and, if required by the Bank in its reasonable discretion, consolidating balance sheets, income statements and statements of cash flows for the year, month or quarter
together with year-to-date figures and comparative figures for the corresponding periods of the prior year. 

4.3. Annual Financial Statements; Budget; Other Financial Info. (a) Furnish the Borrowers’ Financial
Statements to the Bank within 120 days after the end of each fiscal year. Those Financial Statements will be prepared on an audited basis in accordance with GAAP by an independent certified public accountant selected by the Borrowers and
reasonably satisfactory to the Bank. Audited Financial Statements shall contain the unqualified opinion of an independent certified public accountant and all accountant examinations shall have been made in accordance with GAAP consistently
applied from period to period. The Borrowers shall also deliver to the Bank (i) copies of any management letters and auditor letters relating to the Financial Statements and (ii) a certificate as to its compliance with applicable financial
covenants (containing detailed calculations of all financial covenants) for the period then ended and whether any Event of Default exists, and, if so, the nature thereof and the corrective measures the Borrowers proposes to take. 

(b) [INTENTIONALLY OMITTED] 

(c) promptly following any request therefor, furnish such other information regarding the operations, business affairs and
financial condition of any Borrower or any Subsidiary, or compliance with the terms of this Agreement, as the Bank may reasonably request. 

4.4. Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes,
assessments, charges, levies and other liabilities imposed upon any Company, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrowers shall have
set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its reasonable discretion. 

4.5. Maintenance of Existence, Operation and Assets. Do all things necessary to (i) except as expressly
permitted by Section 5.5, maintain, renew and keep in full force and effect each Company’s organizational existence and all rights, permits and franchises necessary to enable it to continue its business as currently conducted; (ii) continue in
operation in substantially the same manner as at present; (iii) keep each Company’s properties in good operating condition and repair, ordinary wear and tear excepted; and (iv) make all necessary and proper repairs, renewals, replacements,
additions and improvements thereto. 
 4.6. Insurance. Maintain, and will cause each other Company to
maintain, with financially sound and reputable insurers, insurance with respect to its property and business against such casualties and contingencies, of such types and in such amounts, as is customary for established companies engaged in the same
or similar business and similarly situated. 
 4.7. Compliance with Laws. Comply. and cause each other Company
to, comply, in all material respects, with all laws applicable to it and each Company and to the operation of its and each Company’s business (including without limitation any statute, ordinance, rule or regulation relating to employment
practices, pension benefits or environmental, occupational and health standards and controls). 
 4.8. Bank
Accounts. Establish and maintain at the Bank, each of PLP U.S.’s and PLP Australia’s primary domestic depository accounts. 

4.9. Financial Covenants. Comply with all of the financial and other covenants, if any, set forth on the Addendum
(the “Financial Covenants”). 
 4.10. Additional Reports. Provide prompt written notice to
the Bank of the occurrence of any of the following (together with a description of the action which the Borrowers or the applicable Company proposes to take with respect thereto): (i) any Event of Default or any event, act or condition which,
with the passage of time 

 
or the giving of notice, or both, would constitute an Event of Default (a “Default”), (ii) any litigation filed by or against any Company involving (A) potential damages, amounts
in dispute or fines of more than $1,500,000, (B) any temporary or permanent injunctive relief, or (C) criminal charges, (iii) any Reportable Event or Prohibited Transaction with respect to any Employee Benefit Plan(s) (as defined in ERISA) or (iv)
any event which likely may result in a material adverse change in the business, assets, operations, condition (financial or otherwise) or results of operation of the Companies on a consolidated basis. 

4.11. Further Assurances. (a) Subject to applicable law, at the request of the Bank, each Borrower shall cause each of its
domestic Subsidiaries formed or acquired after the date of this Agreement to execute a guaranty in favor of the Bank in form and substance satisfactory to the Bank, in its sole discretion. 

(b) Without limiting the foregoing, each Borrower will, and will cause each other Company to, execute and deliver, or cause to
be executed and delivered, to the Bank such documents, agreements and instruments, and will take or cause to be taken such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and
other documents), which may be required by law or which the Bank may, from time to time, reasonably request to carry out the terms and conditions of this Agreement and the other Loan Documents. 

5. Negative Covenants. Each Borrower covenants and agrees that from the date of this Agreement until all
obligations arising under, or related to, this Agreement and the other Loan Documents have been paid in full and any commitments of the Bank to any Borrower have been terminated, except as set forth in the Addendum, no Borrower will, nor permit any
other Company to, without the Bank’s prior written consent: 
 5.1. Indebtedness. Create, incur,
assume or suffer to exist any indebtedness for borrowed money other than: (i) the Loan and any subsequent indebtedness to the Bank; (ii) open account trade debt incurred in the ordinary course of business, (iii) secured indebtedness
permitted under Section 5.2 hereof and refinancing thereof, provided that the principal amount does not increase, (iv) indebtedness in favor of any Borrower or any other Company, (v) unsecured indebtedness in respect of bid, performance or surety,
appeal or similar bonds, and completion guarantees, incurred in the ordinary course of business, (vi) interest rate hedging obligations, (vii) indebtedness listed on the Addendum existing on the date hereof (the “Existing
Indebtedness”) so long as such indebtedness is unsecured, (viii) additional unsecured indebtedness not exceeding an aggregate principal amount of three million dollars ($3,000,000) at any one time outstanding for all Companies, and (ix)
other additional unsecured indebtedness not exceeding an aggregate principal amount of twelve million dollars ($12,000,000) at any one time outstanding for all Companies (“Additional Unsecured Indebtedness”); provided,
however, that in no event shall any such Additional Unsecured Indebtedness incurred after the date of this Agreement which is provided by any Domestic Lender to any Company, or by any Foreign Lender to any domestic Company (x) contain
any representations, warranties, indemnities, covenants, pricing terms or any other terms (whether of a business nature or otherwise) that are more favorable to such Domestic Lender or Foreign Lender, as applicable, than those contained in the Loan
Documents, (y) contain any terms that conflict with, or that are otherwise more restrictive on any Company than, any of the terms of the Loan Documents, or (z) confer rights on or to such Domestic Lender or Foreign Lender, as applicable, that are
not conferred on or to the Bank under the Loan Documents or otherwise. 
 For purposes of this Section 5.1, the following terms shall have
the following meanings: 
 “Domestic Lender” means (A) a financial institution, or a firm, corporation or other entity
otherwise engaged in making, purchasing, holding or investing in loans and/or other extensions of credit, in any such case that is (1) organized under the federal laws of the United States of America, or (2) located in, or organized under the laws
of, one of the states of the United States of America or any territory or other political subdivision of the United States of America, and (B) any branch, Subsidiary or affiliate of a financial institution, firm, corporation or other entity
described in the immediately preceding clause (A) which is located outside of, or otherwise organized under the laws of any jurisdiction outside of, the United States of America or any territory or political subdivision thereof. 

“Foreign Lender” means (A) a financial institution, or a firm, corporation or other entity otherwise engaged in making,
purchasing, holding or investing in loans and/or other extensions of credit, in any such case that is located in, or organized under the laws of, a jurisdiction other than the United States of America or

 
any one of the states, territories or other political subdivisions of the United States of America, and (B) any branch, Subsidiary or affiliate of a financial institution, firm, corporation or
other entity described in the immediately preceding clause (A) which is located in, or otherwise organized under the laws of, the United States of America or any state, territory or political subdivision of the United States of America, in each case
to the extent not otherwise covered by the definition of “Domestic Lender”. 
 5.2. Liens and
Encumbrances. Except as provided in Section 3.6, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or
acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, other than (collectively, “Permitted Encumbrances”): 

(i) any tax lien, or any lien securing workers’ compensation or unemployment insurance obligations, or any mechanic’s,
carrier’s or landlord’s lien, or any lien arising under ERISA, or any security interest arising under article four (Bank deposits and collections) or five (letters of credit) of the Uniform Commercial Code, or any similar security interest
or other lien, provided, however, that this clause (i) shall apply only to security interests and other liens arising by operation of law (whether statutory or common law) and in the ordinary course of business and shall not apply to any security
interest or other lien that secures any indebtedness for borrowed money or any guaranty thereof or any obligation that is in material default in any manner (other than any default contested in good faith by timely and appropriate proceedings
effective to stay enforcement of the security interest or other lien in question); 
 (ii) zoning or deed restriction, public utility
easement, minor title irregularities and similar matters having no adverse effect as a practical matter on the ownership or use of any of the property in question; 

(iii) any lien securing or given in lieu of surety, stay, appeal or performance bonds, or securing performance of contracts or bids (other
than contracts for the payment of money borrowed), or deposits required by law or governmental regulations or by any court order, decree, judgment or rule or as a condition to the transaction of business or the exercise of any right, privilege or
license, provided, however, that this clause (iii) shall not apply to any lien or deposit securing an obligation that is in material default in any manner (other than any default contested in good faith by timely and appropriate proceedings
effective to stay enforcement of the security interest or other lien in question); 
 (iv) any mortgage, security interest or other lien
securing only the Loans and other obligations under this Agreement and the other Loan Documents; 
 (v) any mortgage, security interest,
capitalized lease or other lien (each a “purchase money security interest”) which is created or assumed in purchasing, constructing or improving any real property or equipment or to which any such property is subject when purchased,
provided, however, that (A) the purchase money security interest shall be confined to the aforesaid property, (B) the indebtedness secured thereby does not exceed the total cost of the purchase, construction or improvement, (C) any
such indebtedness, if repaid in whole or in part, cannot be reborrowed and (D) the aggregate amount of all indebtedness secured by purchase money security interests permitted by this clause (vi) shall not at any time exceed an aggregate amount equal
to five million dollars ($5,000,000) at any one time outstanding for all Companies; 
 (vi) any mortgage, security interest or other lien
(other than any purchase money security interest) which encumbers any fixed asset of any corporation or other business entity that is not a Subsidiary of any Borrower on the date of this Agreement but which becomes, by acquisition, a subsidiary of a
Borrower after the date of this Agreement, but only if (A) the mortgage, security interest or other lien in question encumbered the fixed asset in question at the time such subsidiary is acquired and (B) the aggregate amount of all indebtedness
secured by mortgages, security interests or other liens permitted by this clause (vi) does not at any time exceed an aggregate amount equal to five million dollars ($5,000,000) at any one time outstanding for all Companies; 

(vii) any lease other than any capitalized lease (it being agreed that a capitalized lease is a lien rather than a lease for the purposes of
this Agreement); 

 (viii) any mortgage, security interest or other lien which (A) is fully disclosed in the
Borrowers’ most recent financial statements or in the supplemental schedule and (B) secures only indebtedness that is fully disclosed in the Borrowers’ most recent financial statements or in the supplemental schedule or any renewal or
refinancing of any such indebtedness if and to the extent that the renewal or refinancing does not increase the then amount of the indebtedness renewed or refinanced; 

(ix) any mortgage, security interest or other lien not otherwise permitted under this Section 5.2; provided, however, that the
aggregate amount of all indebtedness secured by mortgages, security interests and other liens permitted by this clause (vii) does not at any time exceed an aggregate amount equal to ten million dollars ($10,000,000) at any one time outstanding for
all Companies; and 
 (x) any financing statement perfecting a security interest that would be permissible under this Section 5.2. 

5.3. Guarantees. Guarantee, endorse or become contingently liable for the obligations of any person, firm,
corporation or other entity, except (i) in connection with the endorsement and deposit of checks in the ordinary course of business for collection, (ii) any existing or future guaranty by a Company of any liability owing by any other Company, (iii)
any guaranty by any Subsidiary of any Borrower executed in favor of the Bank, and (iv) any existing or future guaranty; provided, however, that after giving effect thereto, the maximum aggregate amount of all liabilities incurred by
the Companies pursuant to one or more guaranties (exclusive of guaranties permitted by clauses (i) through (iii) above) would not at any time exceed an amount equal to ten million dollars ($10,000,000) at any one time outstanding for all Companies.

 5.4. Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of
indebtedness of, or make or have outstanding, any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation or other entity, except (i) investments
disclosed on the Borrowers’ Historical Financial Statements, (ii) any existing or future advances made to an officer or employee of any Borrower solely for the purpose of paying ordinary and reasonable business expenses of any Borrower, (iii)
any existing or future investment in direct obligations of the United States of America or any agency thereof, in certificates of deposit issued by the Bank, or in any other money-market investment if it carries the highest quality rating of any
nationally-recognized rating agency; provided, however, that no investment permitted pursuant to this clause (iii) shall mature more than ninety (90) days after the date when made, (iv) any endorsement of a check or other medium of
payment for deposit or collection, or any similar transaction in the normal course of business, (v) purchases or other acquisitions of all or substantially all of the capital stock of any corporation or other business enterprise expressly permitted
under Section 5.8, or (vi) any existing or future investment, advance or loan; provided, however, that after giving effect thereto the aggregate amount of all investments, advances and loans (exclusive of investments, advances and
loans permitted under clauses (i) through (v) of this Section 5.4) made by the Companies would not at any time exceed an aggregate amount equal to fifteen million dollars ($15,000,000) for all Companies. 

5.5. Merger or Transfer of Assets. Liquidate or dissolve, or merge or consolidate with or into any person,
firm, corporation or other entity, or sell, lease, transfer or otherwise dispose of all or any substantial part of its property, assets (other than (y) transfers of inventory in the ordinary course of business and (z) other assets in the ordinary
course of business having a value of not more than $3,000,000 in any fiscal year of PLP U.S.), operations or business, whether now owned or hereafter acquired, except, so long as both immediately before and after giving effect thereto, no Default of
Event of Default exists or shall exist, a merger or consolidation involving only Subsidiaries of PLP U.S., any merger of PLP U.S. with one or more of its Subsidiaries in which PLP U.S. is the surviving corporation, or any dissolution and liquidation
of a Subsidiary of any Borrower. 
 5.6. Change in Business, Management or Ownership. Make or permit any
change in its form of organization (except pursuant to a transaction permitted pursuant to Section 5.5), or the nature of its business as carried on as of the date hereof. 

5.7. Dividends. Declare or pay any dividends on or make any distribution with respect to any class of its
equity or ownership interest, or purchase, redeem, retire or otherwise acquire any of its equity; provided, however, that PLP U.S. may declare and pay dividends (in cash or in kind) so long as (i) no Default or Event of

 
Default shall then exist or would thereupon occur, and (ii) the amount or value of such dividend, when added to the amount and/or value of all dividends made by PLP U.S. in the fiscal year in
which such dividend is proposed to be made, does not exceed five million dollars ($5,000,000); and provided, further, that any Subsidiary of PLP U.S. may declare and pay dividends to (in cash or in kind) PLP U.S.; and provided,
further, that PLP U.S. may purchase, redeem, retire or otherwise acquire any of its equity so long as (i) no Default or Event of Default shall then exist or would thereupon occur, and (ii) the dollar amount of such purchase, redemption,
retirement or acquisition, when added to the dollar amounts of all purchases, redemptions, retirements or acquisitions of its equity made by PLP U.S. during the period commencing after January 23, 2014 and ending on the date of the proposed
transaction, does not exceed twenty-one million dollars ($21,000,000). 
 5.8. Acquisitions. Make
acquisitions of all or substantially all of the property or assets of any person, firm, corporation or other entity, except that PLP U.S. may make purchases or other acquisitions of all or substantially all of the capital stock or assets and
business of any corporation, division or other business enterprise so long as (i) the aggregate consideration of any individual transaction does not exceed $35,000,000 and the aggregate consideration of all such transactions consummated after
September     , 2015 does not exceed $55,000,000, (ii) both immediately before and after giving effect to the proposed transaction, no Default or Event of Default shall exist, (iii) both immediately before and after giving
effect to the proposed transaction, PLP U.S. shall be in compliance with the Financial Covenants, (iv) (A) not less than 30 days prior to the consummation of the proposed transaction, PLP U.S. shall have provided the Bank with notice of such
transaction, (B) not less than ten (10) Business Days prior to the consummation of the proposed transaction, (1) copies of then available drafts of all agreements and other instruments and documents to be executed in connection with such transaction
and (2) a copy of all business and financial information reasonably requested by the Bank including pro forma consolidating financial statements and statements of cash flow, and (C) not less than two (2) Business Days prior to the consummation of
the proposed transaction, copies of the final forms of all agreements and other instruments and documents to be executed in connection with such transaction (collectively, the “Final Agreements”) (together with all drafts thereof
produced after the delivery of the drafts delivered under clause (iv)(B) of this Section 5.8), and (v) the terms of the proposed transaction are reasonably acceptable to the Bank. So long as Bank shall have received all of the items referred to in
the foregoing clause (iv) of this Section 5.8 within the time periods set forth therein, the Bank shall notify PLP U.S. not later than one (1) Business Day prior to the consummation of the proposed transaction whether or not the terms of such
transaction are acceptable to the Bank. In the event that Bank so notifies PLP U.S. that the terms of the proposed transaction are acceptable to the Bank, so long as all of the conditions set forth in this Section 5.8 shall have been met, PLP U.S.
may proceed to consummate the proposed transaction in accordance with, and utilizing, the Final Agreements with respect to such proposed transaction (it being understood that such Final Agreements may contain minor, non-substantive changes to the
non-material terms thereof). Not later than ten (10) Business Days after the consummation of any such transaction, PLP U.S. shall deliver to Bank copies of all of the agreements, instruments and other documents executed and delivered in connection
therewith. 
 5.9 Restrictive Agreements. Directly or indirectly, enter into, incur or permit to exist any
agreement or other arrangement after the date of this Agreement that prohibits, restricts or imposes any condition upon (a) the ability of any Borrower or any other Company to create, incur or permit to exist any lien, mortgage, pledge, encumbrance,
security interest or charge of any kind upon any of its property or assets, or (b) the ability of any Company to pay dividends or other distributions with respect to any shares of its capital stock (or other form of ownership) or to make or repay
loans or advances to any Borrower or any other Company or to guarantee indebtedness of any Borrower or any other Company; provided that (i) the foregoing shall not apply to restrictions and conditions imposed by law or by any Loan Document
and (ii) clause (a) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing
such indebtedness. 
 6. Events of Default. The occurrence of any of the following will be deemed to be
an Event of Default: 
 6.1. Covenant Default. Any Company shall fail to observe or perform or
otherwise default in the performance of any of the covenants or agreements contained in Sections 2.4, 2.5,4.1, 4.2, 4.3, 4.5, 4.7, 4.9, 4.10, 4.11 or 5.1 through 5.9 (inclusive) of this Agreement. 

 6.2. Covenant Default with Grace. Any Company shall fail
to observe or perform or otherwise default in the performance of any covenant or agreement contained in this Agreement (other than those referred to in Section 6.1 above) and such failure or default shall continue unremedied or uncured for a period
of thirty (30) days after the earlier of knowledge by any Company of such failure or default or notice thereof from the Bank; provided that in no event shall this Section 6.2 in any way serve to increase any of the grace periods set forth in
Section 10 of the Note or in any other Loan Document. 
 6.3. Breach of Warranty. Any Financial Statement,
representation, warranty or certificate made or furnished by any Borrower or any other Company to the Bank in connection with this Agreement shall be false, incorrect or incomplete in any material respect when made. 

6.4. Other Default. The occurrence of an Event of Default as defined in the Note or any of the Loan
Documents. 
 Upon the occurrence and during the continuance of an Event of Default, the Bank will have all rights and remedies specified
in the Note and the Loan Documents and all rights and remedies (which are cumulative and not exclusive) available under applicable law or in equity.

7. Conditions. The Bank’s obligation to make any advance under the Loan is subject to the conditions
that as of the date of the advance: 
 7.1. Conditions to Effectiveness of this Agreement. The
obligations of the Bank to make Loans and to issue subject LCs hereunder shall not become effective until the date on which each of the conditions set forth on the Closing Checklist is satisfied, which Closing Checklist is attached hereto as
Exhibit A and hereby incorporated herein by reference. 
 7.2 Conditions to Each Advance. In
addition to the satisfaction of the conditions set forth in Section 7.1 above, the obligation of the Bank to make a Loan and to issue, amend, renew or extend any subject LC, is subject to the satisfaction of the following conditions: 

(a) The representations and warranties of each Borrower set forth in this Agreement shall be true and correct on and as of the
date of such Loan or the date of issuance, amendment, renewal or extension of such letter of credit, as applicable. 
 (b) At
the time of and immediately after giving effect to such Loan or the issuance, amendment, renewal or extension of such subject LC, as applicable, no Default or Event of Default shall have occurred and be continuing. 

(c) After giving effect to any Loan or the issuance of any subject LC, the aggregate outstanding balance of the Loans plus the
aggregate face amount of all outstanding subject LCs shall not exceed $50,000,000. 
 Each Loan and each issuance, amendment, renewal or extension of a
subject LC shall be deemed to constitute a representation and warranty by each Borrower on the date thereof as to the matters specified in paragraphs (a), (b) and (c) of this Section. 

8. Expenses. Each Borrower agrees to pay the Bank, upon the execution of this Agreement, and otherwise on demand,
all reasonable out-of-pocket costs and expenses incurred by the Bank in connection with the preparation, negotiation and delivery of this Agreement and the other Loan Documents, and any modifications thereto, and the collection of all of the
obligations arising under this Agreement and the other Loan Documents, including but not limited to enforcement actions, relating to the Loan, whether through judicial proceedings or otherwise, or in defending or prosecuting any actions or
proceedings arising out of or relating to this Agreement, including reasonable fees and expenses of counsel (which may include costs of in-house counsel), expenses for auditors, appraisers and environmental
consultants, lien searches, recording and filing fees and taxes. 

 9. Increased Costs; Yield Protection. On written demand,
together with written evidence of the justification therefor, the Borrowers agree to pay the Bank all direct costs incurred, any losses suffered or payments made by the Bank as a result of any Change in Law (hereinafter defined), imposing any
reserve, deposit, allocation of capital or similar requirement (including without limitation, Regulation D of the Board of Governors of the Federal Reserve System) on the Bank, its holding company or any of their respective assets relative to the
Facility. “Change in Law” means the occurrence, after the date of this Note, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or
in the administration, interpretation, implementation or application thereof by any governmental authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any governmental
authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all
requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case
pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. In addition, each Borrower agrees to indemnify the Bank against any liabilities, losses or expenses (including
loss of margin, any loss or expense sustained or incurred in liquidating or employing deposits from third parties, and any loss or expense incurred in connection with funds acquired to effect, fund or maintain any advance (or any part thereof)
bearing interest under the Daily LIBOR or LIBOR with an interest period in excess of 7 days) which the Bank sustains or incurs as a consequence of either (i) a Borrower’s failure to make a payment on the due date thereof, (ii) a Borrower’s
revocation (expressly, by later inconsistent notices or otherwise) in whole or in part of any notice given to Bank to request, convert, renew or prepay any advance, or (iii) a Borrower’s payment, prepayment or conversion of any advance bearing
interest under the Daily LIBOR or LIBOR with an interest period in excess of 7 days on a day other than the last day of the applicable LIBOR Interest Period, including but not limited to the Cost of Prepayment. “Cost of Prepayment” means
an additional amount, if any (in each case as specified by Bank in a certificate setting forth the basis of such computation), as is necessary to compensate Bank for any loss or costs (including, without limitation, any costs of exchange and costs
of hedging) incurred by the Bank as a consequence of any of the actions described in clause (iii) of the preceding sentence. The Cost of Prepayment shall also apply to any payments made after acceleration of the maturity of this Note. The
Bank’s determination of an amount payable under this paragraph shall, in the absence of manifest error, be conclusive and shall be payable on demand. 

10. Appointment; Nature of Relationship. Each Borrower, hereby appoints, PLP U.S. to act as the Borrower
Representative (the “Borrower Representative”) to act on behalf of each Borrower as its contractual representative hereunder and under each other Loan Document, and each of the Borrowers irrevocably authorizes the Borrower
Representative to act as the contractual representative of such Borrower with the rights and duties set forth herein and in the other Loan Documents. The Borrower Representative agrees to act as such contractual representative. The Lender
and its respective officers, directors, agents or employees, shall not be liable to the Borrower Representative or any Borrower for any action taken or omitted to be taken by the Borrower Representative or the Borrowers pursuant to this Article 14.

 11. Joint and Several Obligations. Subject to the limitations with respect to the obligation and liability of PLP
Australian set forth in the Note, all obligations arising under this Agreement and the other the Loan Documents shall be joint and several, and each Borrower shall make payment upon the maturity of such obligations by acceleration or otherwise, and
such obligation and liability on the part of each Borrower shall in no way be affected by any extensions, renewals and forbearance granted by the Lender to any Borrower, failure of the Lender to give any Borrower notice of borrowing or any other
notice, any failure of the Lender to pursue or preserve its rights against any Borrower, the release by the Lender of any collateral (if any) now or thereafter acquired from any Borrower, and such agreement by each Borrower to pay upon any notice
issued pursuant thereto is unconditional and unaffected by prior recourse by the Lender to the other Borrowers or any collateral for such Borrower’s obligations or the lack thereof. Each Borrower waives all suretyship defenses. Without
limiting the generality of the foregoing, each of the Borrowers hereby acknowledges and agrees that any and all actions, inactions or omissions by any one or more, or all, of the Borrowers in connection with, related to or otherwise affecting this
Agreement or any of the other Loan Documents are the obligations of, and inure to and are binding upon, each and all of the Borrowers, jointly and severally. Each covenant, agreement, obligation, representation and warranty of the Borrowers
contained herein constitutes the joint and several undertaking of each Borrower. PLP U.S. acknowledges that its obligations undertaken herein might be construed to consist, at least in part, of the guaranty of obligations of

 
the other Borrower and, in full recognition of that fact, PLP U.S. consents and agrees that the Lender may, at any time and from time to time, without notice or demand, whether before or after
any actual or purported termination, repudiation or revocation of this Agreement by any Borrower, and without affecting the enforceability or continuing effectiveness hereof as to PLP U.S.: (a) supplement, restate, modify, amend, increase,
decrease, extend, renew or otherwise change the time for payment or the terms of this Agreement or any part thereof, including any increase or decrease of the rate(s) of interest thereon; (b) supplement, restate, modify, amend, increase, decrease or
waive, or enter into or give any agreement, approval or consent with respect to, this Agreement or any part thereof, or any of the Loan Documents, or any condition, covenant, default, remedy, right, representation or term thereof or thereunder; (c)
accept partial payments; (d) release, reconvey, terminate, waive, abandon, fail to perfect, subordinate, exchange, substitute, transfer or enforce any security or guarantees, and apply any security and direct the order or manner of sale thereof as
the Lender, in its sole and absolute discretion may determine; (e) release any person from any personal liability with respect to this Agreement or any part thereof; (f) settle, release on terms satisfactory to the Lender or by operation of
applicable law or otherwise liquidate or enforce any security or guaranty in any manner, consent to the transfer of any security and bid and purchase at any sale; or (g) consent to the merger, change or any other restructuring or termination of the
corporate or partnership existence of any Borrower, or any other person, and correspondingly restructure the obligations evidenced hereby, and any such merger, change, restructuring or termination shall not affect the liability of any Borrower or
the continuing effectiveness hereof, or the enforceability hereof with respect to all or any part of the obligations evidenced hereby. Each Borrower states and acknowledges that: (w) pursuant to this Agreement, the Borrowers desire to utilize
their borrowing potential on a consolidated basis to the same extent possible as if they were merged into a single corporate entity and that this Agreement reflects the establishment of credit facilities which would not otherwise be available to
such Borrower if each Borrower were not jointly and severally liable for payment of the obligations as set forth in this Section 11; (x) it has determined that it will benefit specifically and materially from the advances of credit contemplated
by this Agreement; (y) it is both a condition precedent to the obligations of the Lender hereunder and a desire of the Borrowers that each Borrower execute and deliver to the Lender this Agreement; and (z) the Borrowers have requested and
bargained for the structure and terms of and security for, if any, the advances contemplated by this Agreement. Each Borrower agrees if such Borrower’s joint and several liability hereunder, or if any liens securing such joint and several
liability, would, but for the application of this Section 11, be unenforceable under applicable law, such joint and several liability and each such lien shall be valid and enforceable to the maximum extent that would not cause such joint and several
liability or such lien to be unenforceable under applicable law, and such joint and several liability and such lien shall be deemed to have been automatically amended accordingly at all relevant times. To the extent that any Borrower shall, under
this Agreement as a joint and several obligor, repay any of the obligations constituting a Loan made to another Borrower hereunder or other obligations arising under this Agreement or the other Loan Documents incurred directly and primarily by any
other Borrower (an “Accommodation Payment”), then the Borrower making such Accommodation Payment shall be entitled to contribution and indemnification from, and, be reimbursed by, each of the other Borrowers in an amount, for each
of such other Borrowers, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Borrower’s “Allocable Amount” (as defined below) and the denominator of which is the sum of the Allocable
Amounts of all of the Borrowers. As of any date of determination, the “Allocable Amount” of each Borrower shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Borrower
hereunder without (A) rendering such Borrower “insolvent” within the meaning of Section 101(31) of the Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the
Uniform Fraudulent Conveyance Act (“UFCA”), (B) leaving such Borrower with unreasonably small capital or assets, within the meaning of Section 548 of the United States Bankruptcy Code, Section 4 of the UFTA, or (C) leaving
such Borrower unable to pay its debts as they become due within the meaning of Section 548 of the United States Bankruptcy Code or Section 4 of the UFTA, or Section 5 of the UFCA. All rights and claims of contribution, indemnification
and reimbursement under this Section shall be subordinate in right of payment to the prior payment in full of each Loan. The provisions of this Section shall, to the extent expressly inconsistent with any provision in any Loan Document, supersede
such inconsistent provision. 

 12. Miscellaneous. 

12.1. Notices: All notices, demands, requests, consents, approvals and other communications required or permitted
hereunder (“Notices”) must be in writing and will be effective upon receipt. Notices may be given in any manner to which the parties may separately agree, including electronic mail. Without limiting the foregoing, first-class mail,
facsimile transmission and commercial courier service are hereby agreed to as acceptable methods for giving Notices. Regardless of the manner in which provided, Notices may be sent to a party’s address as set forth above or to such other
address as any party may give to the other for such purpose in accordance with this section. 
 12.2. Preservation of
Rights. No delay or omission on the Bank’s part to exercise any right or power arising hereunder will impair any such right or power or be considered a waiver of any such right or power, nor will the Bank’s action or
inaction impair any such right or power. The Bank’s rights and remedies hereunder are cumulative and not exclusive of any other rights or remedies which the Bank may have under other agreements, at law or in equity. 

12.3. Illegality. If any provision contained in this Agreement should be invalid, illegal or unenforceable in any
respect, it shall not affect or impair the validity, legality and enforceability of the remaining provisions of this Agreement. 

12.4. Changes in Writing. No modification, amendment or waiver of, or consent to any departure by the
Borrowers from, any provision of this Agreement will be effective unless made in a writing signed by the party to be charged, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which
given. No notice to or demand on the Borrowers will entitle the Borrowers to any other or further notice or demand in the same, similar or other circumstance. 

12.5. Entire Agreement. This Agreement (including the documents and instruments referred to herein)
constitutes the entire agreement and supersedes all other prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. 

12.6. Counterparts. This Agreement may be signed in any number of counterpart copies and by the parties
hereto on separate counterparts, but all such copies shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile transmission shall be effective as delivery of a manually
executed counterpart. Any party so executing this Agreement by facsimile transmission shall promptly deliver a manually executed counterpart, provided that any failure to do so shall not affect the validity of the counterpart executed by
facsimile transmission. 
 12.7. Successors and Assigns. This Agreement will be binding upon and inure to
the benefit of the Borrowers and the Bank and their respective heirs, executors, administrators, successors and assigns; provided, however, that the Borrowers may not assign this Agreement in whole or in part without the Bank’s
prior written consent and the Bank at any time may assign this Agreement in whole or in part. 
 12.8.
Interpretation. In this Agreement, unless the Bank and the Borrowers otherwise agree in writing, the singular includes the plural and the plural the singular; words importing any gender include the other genders; references to
statutes are to be construed as including all statutory provisions consolidating, amending or replacing the statute referred to; the word “or” shall be deemed to include “and/or”, the words “including”,
“includes” and “include” shall be deemed to be followed by the words “without limitation”; references to articles, sections (or subdivisions of sections) or exhibits are to those of this Agreement; and references to
agreements and other contractual instruments shall be deemed to include all subsequent amendments and other modifications to such instruments, but only to the extent such amendments and other modifications are not prohibited by the terms of this
Agreement. Section headings in this Agreement are included for convenience of reference only and shall not constitute a part of this Agreement for any other purpose. Unless otherwise specified in this Agreement, all accounting terms shall be
interpreted and all accounting determinations shall be made in accordance with GAAP. If this Agreement is executed by more than one party as a Borrower, the obligations of such persons or entities will be joint and several. 

12.9. No Consequential Damages, Etc. The Bank will not be responsible for any damages, consequential, incidental,
special, punitive or otherwise, that may be incurred or alleged by any person or entity, including any Borrower and any Guarantor, as a result of this Agreement, the other Loan Documents, the transactions contemplated hereby or thereby, or the use
of the proceeds of the Loan. 

 12.10. Assignments and Participations. At any time, without any
notice to the Borrowers, the Bank may sell, assign, transfer, negotiate, grant participations in, or otherwise dispose of all or any part of the Bank’s interest in the Loan. Each Borrower hereby authorizes the Bank to provide, without any
notice to such Borrower, any information concerning any Borrower, including information pertaining to any Borrower’s financial condition, business operations or general creditworthiness, to any person or entity which may succeed to or
participate in all or any part of the Bank’s interest in the Loan. 
 12.11. Governing Law and
Jurisdiction. This Agreement has been delivered to and accepted by the Bank and will be deemed to be made in the State where the Bank’s office indicated above is located. THIS AGREEMENT
WILL BE INTERPRETED AND THE RIGHTS AND LIABILITIES OF THE PARTIES
HERETO DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE WHERE THE
BANK’S OFFICE INDICATED ABOVE IS LOCATED, EXCLUDING ITS CONFLICT OF
LAWS RULES. Each Borrower hereby irrevocably consents to the exclusive jurisdiction of any state or federal court in the county or judicial district where the Bank’s office indicated above is located; provided
that nothing contained in this Agreement will prevent the Bank from bringing any action, enforcing any award or judgment or exercising any rights against any Borrower individually, against any security or against any property of any Borrower within
any other county, state or other foreign or domestic jurisdiction. The Bank and each Borrower agree that the venue provided above is the most convenient forum for both the Bank and the Borrowers. Each Borrower waives any objection to venue and any
objection based on a more convenient forum in any action instituted under this Agreement. 
 12.12 USA PATRIOT
ACT. The Bank hereby notifies the Borrowers that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), the Bank is required to obtain,
verify and record information that identifies each Borrower, which information includes the name and address of each Borrower and other information that will allow the Bank to identify each Borrower in accordance with the Act. 

12.13. WAIVER OF JURY TRIAL. EACH OF THE BORROWERS AND THE BANK IRREVOCABLY WAIVES ANY AND ALL RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR CLAIM OF ANY NATURE RELATING TO THIS AGREEMENT, ANY DOCUMENTS EXECUTED IN CONNECTION WITH THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED IN ANY OF SUCH DOCUMENTS. EACH BORROWER AND THE BANK ACKNOWLEDGE THAT THE
FOREGOING WAIVER IS KNOWING AND VOLUNTARY. 
 12.14 Amendment and Restatement. This Agreement amends and
restates that certain Loan Agreement, dated as of February 5, 2010, by and between PLP U.S. and Lender, as previously amended from time to time (the “Original Loan Agreement”). As such, this Agreement represents in part a
renewal of, and is executed and delivered in substitution and exchange for, and not in satisfaction of or a novation of, the Loans and the other obligations under the Original Loan Agreement and the Note. The Borrowers hereby confirm and agree
that the Loans and the other obligations under the Original Loan Agreement, the Note and the documents executed in connection therewith, as modified hereby, are continuing obligations of the Borrowers. Except for payments made prior to and on
the date hereof, nothing herein shall be construed to deem any Loans or obligations of the Borrowers or any other guarantor thereof paid. 

Upon the effectiveness of this Agreement, each reference to the Loan Agreement in any of the other Loan Documents shall mean and be a
reference to this Agreement.
 [Remainder of Page Intentionally Left Blank] 

 Each Borrower acknowledges that it has read and understood all the provisions of this Agreement, including the
waiver of jury trial, and has been advised by counsel as necessary or appropriate. 
 WITNESS the due execution hereof as a document under seal,
as of the date first written above. 
  

									
	WITNESS / ATTEST:	 		 	PREFORMED LINE PRODUCTS COMPANY
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

		 		 		 	Title:	 	  

			
	WITNESS / ATTEST:	 		 	PREFORMED LINE PRODUCTS PTY LTD
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

		 		 		 	Title:	 	  

				
		 		 		 	PNC BANK, NATIONAL ASSOCIATION
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	  

		 		 		 	Title:	 	  

 Signature Page to 

Amended and Restated Loan Agreement 

 ADDENDUM to that certain Amended and Restated Loan Agreement dated September     ,
2015 between PREFORMED LINE PRODUCTS COMPANY and PREFORMED LINE PRODUCTS PTY LTD as the Borrowers and PNC Bank, National Association, as the Bank. Capitalized terms used in this Addendum and not otherwise defined shall have the meanings given
them in the Agreement. Section numbers below refer to the sections of the Agreement. 
 3.6 Title to Assets.
Describe additional liens and encumbrances below with respect to domestic Companies: 
 3.7 Litigation. Describe
pending and threatened litigation, investigations, proceedings, etc. below with respect to domestic Companies: 

5.1 Indebtedness. Describe unsecured indebtedness existing on the date of the Agreement below: 

 CONTINUATION OF ADDENDUM 

FINANCIAL COVENANTS 
 (1) The Borrowers will
maintain at all times a minimum Tangible Net Worth of $203,000,000, to be increased on each December 31 commencing on December 31, 2015, by an amount equal to 50.0% of the Borrowers’ net income after taxes (if a positive number) for
the fiscal year then ending. 
 (2) The Borrowers will maintain at all times a ratio of Funded Debt to EBITDA on a rolling four quarter basis of less
than 2.50 to 1.0. 
 (3) The Borrowers will maintain as of the end of each fiscal quarter, on a rolling four quarters basis, an Interest
Coverage Ratio of at least 3.50 to 1.0. 
 As used herein: 

“EBIT” means net income plus interest expense plus federal, state and local income tax expense. 

“EBITDA” means net income plus interest expense plus federal, state and local income tax expense plus depreciation
plus amortization. 
 “Interest Coverage Ratio” means (i) EBIT, divided by (ii) the sum of interest expense. 

“Funded Debt” means all indebtedness for borrowed money having an original term of more than one year, including but not limited to
capitalized lease obligations, reimbursement obligations in respect of letters of credit, and guaranties of any such indebtedness. 
 “Tangible Net
Worth” means stockholders’ equity in the Borrowers less any advances to affiliated parties less all items properly classified as intangibles. 

All of the above financial covenants shall be computed and determined in accordance with GAAP applied on a consistent basis (subject to normal year-end
adjustments). 
 ADDITIONAL COVENANTSEX-10.18

 Exhibit 10.18 

PREFORMED LINE PRODUCTS COMPANY 

LONG TERM STOCK INCENTIVE PLAN OF 2008 

2015 SPECIAL INCENTIVE AWARD 

RESTRICTED STOCK AWARD AGREEMENT 

THIS RESTRICTED STOCK AWARD AGREEMENT (“Agreement”) is dated as of November     , 2015, (being the
“Grant Date” of this award of Restricted Stock), between Preformed Line Products Company, an Ohio corporation (“Company”) and NAME (“Participant”). 

WHEREAS, the Company maintains the Preformed Line Products Company Long Term Stock Incentive Plan of 2008 (the “Plan”) for
the purpose of (i) motivating key personnel by means of incentive compensation, (ii) furthering the alignment of interests of participating executives with those of the stockholders of the Company through ownership and performance of the common
stock of the Company, and (iii) permitting the Company to attract and retain key personnel and directors whose judgment is important to the successful conduct of the business of the Company; and 

WHEREAS, pursuant to Section 6 of the Plan, the Compensation Committee may award restricted stock to key personnel of the Company and its
subsidiaries and non-employee directors; and 
 WHEREAS, pursuant to paragraph (b)(ii) of said Section 6, but subject to certain overall
limitations placed on the number of shares covered by such awards, the Compensation Committee may award restricted stock that does not constitute or qualify as a Qualified Performance-Based Award, as defined under the Plan, by appropriately
expressing that intention, and that is subject to the vesting and other requirements otherwise set forth in said paragraph 6(b)(ii); and 

WHEREAS, pursuant to the general terms of the Plan, the terms, conditions and restrictions of each restricted stock award are to be set forth
in an award agreement; and 
 WHEREAS, the Compensation Committee has determined that it is appropriate to award Participant restricted
stock, subject to the limited terms and conditions set forth in this Agreement (the “Restricted Stock”), and to those general terms, conditions, limitations and restrictions set forth in the Plan, and Participant hereby accepts such
award, subject to those same terms, conditions, limitations and restrictions. 
 NOW, THEREFORE, the Company and the Participant agree as
follows: 
  

	 	1.	Award and Acceptance of Restricted Stock. 

 As of the Grant Date, the Company grants and
awards to Participant, upon the terms and conditions set forth in this Agreement,              ( X ) (the “Restricted Stock”) of the Company’s common shares, $2 par value per
share (the “Common Stock”). The Restricted Stock is granted and awarded in accordance with, and subject to, all the terms, conditions and restrictions of the Plan, which are hereby incorporated by reference in their entirety. Participant
irrevocably agrees to, and accepts, the terms, conditions, limitations and restrictions of the Plan and this Agreement on his own behalf and on behalf of any beneficiaries, heirs, legatees and successors. 

 

	 	2.	Vesting, Rights Relating to Restricted Stock and Recordkeeping. 

 The Restricted Stock
shall fully vest on the Grant Date. 
 The Restricted Stock shall constitute issued and outstanding shares of Common Stock of the Company
and will be issued in the name of Participant. The Company’s transfer agent and/or share transfer records will show Participant as the owner of record of the Restricted Stock. Except as otherwise provided in this Agreement, upon vesting,
Participant will have all the rights of a shareholder of the Company, including the right to vote and transfer the shares of Restricted Stock.  

	 	3.	Repayment of Awards; Forfeiture. 

 The Company hereby reserves the right to seek
repayment or recovery of the Restricted Stock or the value received pursuant to such Award, as appropriate, notwithstanding any contrary provision of the Plan, pursuant to any recovery, recoupment, clawback and/or other forfeiture policy maintained
by the Company from time to time. This Award is also subject to any applicable law or regulation or the standards of any stock exchange on which the Common Stock is then listed that provide for any such recovery, recoupment, clawback and/or
forfeiture. 
  

	 	4.	Adjustment of Restricted Stock. 

 Because the Restricted Stock covered by this Agreement
is fully and immediately vested upon its issuance and transfer, the number of shares covered by this Award shall not be subject to adjustment by reason of any recapitalization, merger, consolidation, reorganization, separation, liquidation, share
split, share dividend, combination of shares or any other change in the corporate structure or Common Stock. 
  

	 	5.	Tax Provision. 

 No later than the date as of which an amount first becomes includible in
the gross income of Participant for federal, state, local or foreign income or employment or other tax purposes with respect to the Restricted Stock, Participant shall pay to the Company, or make arrangements satisfactory to the Company regarding
the payment of, any federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. Unless otherwise determined by the Company, withholding obligations may be settled with Common Stock, including
Common Stock that is part of the Restricted Stock that gives rise to the withholding requirement, having a Fair Market Value (as defined in the Plan) on the date of withholding equal to the minimum amount (and not any greater amount) required to be
withheld for tax purposes, all in accordance with such procedures as the Committee establishes. The obligations of the Company shall be conditional on such payment or arrangements, and the Company shall, to the extent permitted by law, have the
right to deduct any such taxes from any payment otherwise due to Participant. The Committee may establish such procedures as it deems appropriate, including making irrevocable elections, for the settlement of withholding obligations with Common
Stock. 
  

	 	6.	Special Incentive Compensation. 

 Participant acknowledges and agrees that the award of
the Restricted Stock under this Agreement constitutes special incentive compensation and that it, as well as any dividends paid thereon (even if treated as compensation for tax purposes) and any other property received on account of such Restricted
Stock will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount of any payment under any pension, retirement or profit-sharing plan of the Company or any life insurance,
disability or other benefit plan of the Company. 
  

	 	7.	Relationship to the Plan. 

 This Agreement is subject to the terms of the Plan,
specifically Section 6(b)(ii); such terms are hereby incorporated into this Agreement in their entirety and any related administrative policies or procedures adopted by the Company. If there is any inconsistency between this Agreement and the
Plan or any such administrative policies or procedures, the Plan and the policies or procedures, in that order, shall govern. 
  

	 	8.	No Effect on Employment Relationship. 

 Neither this Agreement, nor the Plan, shall
constitute a contract of employment, and shall not confer upon any employee any right to continued employment or service, nor shall it interfere in any way with the right of the Company or any Subsidiary to terminate the employment of any employee
or service of any independent contractor, at any time. 

	 	9.	Transferability; Binding Effect. 

 The rights of Participant under this Agreement shall
not be transferable except, in the event of death, by will or by the laws of descent and distribution. Subject to the provisions of the Plan, this Agreement shall inure to the benefit of and be binding upon Participant and the Company and their
respective heirs, legal representatives and successors. 
  

	 	10.	Amendment. 

 No amendment, modification, waiver or release of or under this Agreement
will be effective unless evidenced by an instrument in writing signed by each of the Company and Participant. 
  

	 	11.	Governing Law. 

 The Plan, this Agreement and all awards made and actions taken hereunder
shall be governed by and construed in accordance with federal law and the laws of the State of Ohio, without reference to principles of conflict of laws. The captions herein are not part of the provisions hereof and shall have no force or
effect. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

 

							
	Preformed Line Products Company	 		 	Name
			
	  
	 		 	  

	By:	 	Robert G. Ruhlman	 		 	
		 	President & CEO	 		 	
	  
	 		 	  

	Date:	 		 	Date:

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