Document:

caci-ex101_6.htm

TENTH AMENDMENT

 

THIS TENTH AMENDMENT (this “Amendment”) dated as of May 8, 2019 to the Credit Agreement referenced below is by and among CACI International Inc, a Delaware corporation (the “Borrower”), the Guarantors identified on the signature pages hereto, the Lenders identified on the signature pages hereto and Bank of America, N.A., in its capacity as Administrative Agent (in such capacity, the “Administrative Agent”).

 

W I T N E S S E T H

 

WHEREAS, revolving credit and term loan facilities have been extended to the Borrower pursuant to the Credit Agreement dated as of October 21, 2010 among the Borrower, the Guarantors identified therein, the Lenders identified therein and the Administrative Agent (as amended, modified, supplemented, increased and extended from time to time, the “Credit Agreement”); and

 

WHEREAS, the Borrower has requested certain modifications to the Credit Agreement and the Lenders have agreed to the requested modifications to the Credit Agreement on the terms and conditions set forth herein.

 

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

 

1.Defined Terms.  Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement (as amended hereby).

2.Amendments.  

(a)The following definitions are hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order to read as follows:

“Consolidated Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four fiscal quarters most recently ended to (b) Consolidated Interest Charges for the period of the four fiscal quarters most recently ended.

“Tenth Amendment Closing Date” means May 8, 2019.

(b)The following definitions in Section 1.01 of the Credit Agreement are hereby amended to read as follows:

“Applicable Rate” means the following percentages per annum, based upon the Consolidated Total Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 7.02(b):

					
	
Pricing
Tier
	
Consolidated Total Net
Leverage Ratio
	
Eurodollar Rate
Loans
	
Base Rate
Loans
	
Commitment Fee

	
1
	
< 1.25:1.00
	
0.75%
	
0.00%
	
0.15%

	
2
	
> 1.25:1.00 but < 2.25:1.00
	
1.00%
	
0.00%
	
0.15%

	
3
	
> 2.25:1.00 but < 3.00:1.00
	
1.25%
	
0.25%
	
0.20%

	
4
	
> 3.00:1.00 but < 4.00:1.00
	
1.50%
	
0.50%
	
0.25%

	
5
	
> 4.00:1.00
	
2.00%
	
1.00%
	
0.30%

 

 

Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Total Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 7.02(b); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Tier 5 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered in accordance with Section 7.02(b).  The Applicable Rate in effect from the Tenth Amendment Closing Date through the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 7.02(b) for the first fiscal quarter ending after the Tenth Amendment Closing Date shall be determined based upon Pricing Tier 4.  Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b).

“Maturity Date” means June 30, 2024; provided, however, that if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day.

“Tranche A-3 Term Loan” has the meaning specified in Section 2.01(b).  The outstanding principal amount of the Tranche A-3 Term Loan of each Lender as of the Tenth Amendment Closing Date is set forth on Schedule 2.01. 

(c)The definitions of “Consolidated EBITDAR”, “Consolidated Fixed Charge Coverage Ratio”, “Consolidated Fixed Charges” and “Consolidated Total Leverage Ratio” are hereby deleted from Section 1.01 of the Credit Agreement in their entirety.

(d)Section 1.02 of the Credit Agreement is hereby amended by adding a new clause (d) at the end thereof to read as follows:

(d)Any reference herein to a merger, transfer, consolidation, amalgamation, assignment, sale, or disposition, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, assignment, sale, or disposition, or similar term, as applicable, to, of or with a separate Person.  Any division of a limited liability company shall constitute a separate Person hereunder (and each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity).

(e)The last sentence in Section 1.05 of the Credit Agreement is hereby amended to read as follows:

The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate” or with respect to any rate that is an alternative or replacement for or successor to any of such rate (including, without limitation, any LIBOR Successor Rate) or the effect of any of the foregoing, or of any LIBOR Successor Rate Conforming Changes.

(f)Section 2.07(c) of the Credit Agreement is hereby amended to read as follows:

 

(c)Tranche A-3 Term Loan.  The Borrower shall repay the outstanding principal amount of the Tranche A-3 Term Loan in quarterly installments on the last Business Day of each March, June, September and December (commencing with the last Business Day of the fiscal quarter ending June 30, 2019) in an amount equal to 1.25% of the initial principal amount of the Tranche A-3 Term Loan advanced on the Ninth Amendment Closing Date (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02.  The Borrower shall repay to the Lenders the Outstanding Amount of the Tranche A-3 Term Loan in full on the Maturity Date.

(g)The references to “Consolidated Total Leverage Ratio” in Section 2.10(b) of the Credit Agreement are hereby amended to be references to “Consolidated Total Net Leverage Ratio”.

(h)The reference to “No reallocation” in the last sentence in Section 2.15(a)(iv) is hereby amended to read “Subject to Section 11.20, no reallocation”. 

(i)Section 2.16(a)(i) of the Credit Agreement is hereby amended to read as follows:

(i)the aggregate principal amount of all Incremental Facilities shall not exceed the sum of (A) $500 million plus (B) the maximum amount, if any, such that immediately after giving effect to the incurrence of such Incremental Facility on a Pro Forma Basis (assuming for purposes of this calculation that the full amount of the commitments under such Incremental Facility are fully drawn on the date of incurrence thereof) (1) in the case of any Incremental Facility other than a Refinancing Facility, the Consolidated Senior Secured Net Leverage Ratio recomputed as of the end of the Applicable Period would not be greater than 3.50:1.0 and (2) in the case of any Incremental Facility, the Loan Parties would be in compliance with the financial covenants set forth in Section 8.11 recomputed as of the end of the Applicable Period; provided that for purposes of this sub-clause (B) the Borrower shall have delivered to the Administrative Agent a Pro Forma Compliance Certificate demonstrating the requirements set forth in sub-clauses (B)(1) and (B)(2) above are satisfied;

(j)Section 8.01(q) of the Credit Agreement is hereby amended to read as follows:

(q)Liens on property or assets acquired pursuant to a Permitted Acquisition or any other Investment permitted by Section 8.02 (and the proceeds thereof) or on property or assets of a Subsidiary in existence at the time such Subsidiary is acquired pursuant to a Permitted Acquisition and not created in contemplation thereof, provided that (i) such Liens do not at any time extend to any other property or assets and (ii) the aggregate outstanding principal amount of Indebtedness secured by such Liens shall not, at the time of the incurrence or deemed incurrence of any such Indebtedness, exceed the greater of (A) $62.5 million or (B) 1.25% of Consolidated Total Assets as of the end of the Applicable Period;

(k)Section 8.01(v) of the Credit Agreement is hereby amended to read as follows:

(v)Liens on cash deposits securing any Swap Contracts provided that the aggregate amount of cash deposits subject to such Liens shall not exceed $40 million;

(l)Section 8.01(z) of the Credit Agreement is hereby amended to read as follows:

(z)Liens (other than Liens described in the foregoing clauses) securing obligations in an aggregate principal amount outstanding at the time of, and immediately 

 

after giving effect to, the incurrence of any such obligation, not to exceed the greater of (i) $25 million or (ii) 0.50% of Consolidated Total Assets as of the end of the Applicable Period.

(m)Section 8.03(e) of the Credit Agreement is hereby amended to read as follows:

(e)purchase money Indebtedness (including obligations in respect of Capital Leases or Synthetic Leases) hereafter incurred to finance the purchase of fixed assets, and renewals, refinancings and extensions thereof, provided that (i) the aggregate outstanding principal amount of all such Indebtedness outstanding at the time of, and immediately after giving effect to, the incurrence thereof, shall not exceed the greater of (A) $250 million or (B) 5.0% of Consolidated Total Assets as of the end of the Applicable Period; and (ii) such Indebtedness when incurred shall not exceed the purchase price of the asset(s) financed;

(n)Section 8.03(k) of the Credit Agreement is hereby amended to read as follows:

(k)Indebtedness of Foreign Subsidiaries in an aggregate principal amount outstanding at the time of, and immediately after giving effect to, the incurrence of any such Indebtedness not to exceed the greater of (i) $125 million or (ii) 2.5% of Consolidated Total Assets as of the end of the Applicable Period (“Foreign Subsidiary Indebtedness”);

(o)Section 8.03(l) of the Credit Agreement is hereby amended to read as follows:

(l)Indebtedness issued in lieu of cash payments of Restricted Payments permitted by Section 8.06(e) in an aggregate principal amount outstanding at the time of, and immediately after giving effect to, the issuance of such Indebtedness not to exceed the greater of (i) $25 million or (ii) 0.50% of Consolidated Total Assets as of the end of the Applicable Period; provided that such Indebtedness is subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent;

(p)Section 8.06(e) of the Credit Agreement is hereby amended to read as follows:

(e)the Borrower may repurchase shares of its Equity Interests pursuant to or in connection with any of its employee stock purchase plans, stock incentive plans, stock options plans and other stock plans, provided that (i) the aggregate amount of all such repurchases shall not exceed $20 million in any calendar year (with the unused amount in any calendar year being carried over to the immediately succeeding calendar year) and (ii) no such repurchase may be made at any time that a Default exists.

(q)Section 8.11(b) of the Credit Agreement is hereby amended to read as follows:

(b)Consolidated Interest Coverage Ratio.  Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower, commencing with the fiscal quarter ending June 30, 2019, to be less than 3.00:1.0.

(r)Section 10.12(b) is hereby amended in its entirety to read as follows: 

(b)In addition, unless subclause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in subclause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender 

 

party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that none of the Administrative Agent or any Arranger or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto),

(s)Schedule 2.01 to the Credit Agreement is hereby amended in its entirety to read in the form attached hereto as Exhibit A.

3.Reallocation.

(a)Immediately after giving effect to the amendment of the amount of each Lender’s Revolving Commitment as contemplated herein, (i) the risk participations of the Revolving Lenders in each outstanding Letter of Credit and each outstanding Swing Line Loan shall be automatically reallocated such that (A) the risk participation of each Revolving Lender in each outstanding Letter of Credit equals the product of such Revolving Lender’s Applicable Percentage times the amount of such Letter of Credit and (B) the risk participation of each Revolving Lender in each outstanding Swing Line Loan equals the product of such Revolving Lender’s Applicable Percentage times the amount of such Swing Line Loan, and (ii) each Revolving Lender that provides an increased Revolving Commitment in connection with this Amendment shall make Revolving Loans the proceeds of which shall be applied by the Administrative Agent to prepay existing Revolving Loans in an amount necessary such that after giving effect to such Borrowing and prepayment each Revolving Lender will hold its Applicable Percentage of the Outstanding Amount of all Revolving Loans.

(b)Each Eurodollar Rate Loan outstanding immediately prior to giving effect to this Amendment shall maintain the same Interest Period applicable to such Loan immediately prior to giving effect to this Amendment and shall be subject to conversion and/or continuation upon expiration of such Interest Period in accordance with the terms of the Credit Agreement.  Revolving Loans made by Revolving Lenders providing increased Revolving Commitments pursuant to Section 3(a)(ii) above to prepay existing Revolving Loans shall have Interest Periods that expire concurrently with the expiration of the Interest Periods applicable to the existing Revolving Loans so prepaid, and shall be subject to conversion and/or continuation upon expiration of such Interest Periods in accordance with the terms of the Credit Agreement.  

(c)Each Lender waives any right to compensation under Section 3.05 of the Credit Agreement in connection with the transactions described in clauses (a) and (b) above.  

4.Conditions Precedent.  This Amendment shall become effective as of the date hereof upon satisfaction of the following conditions precedent:

(a)Receipt by the Administrative Agent of counterparts of this Amendment duly executed by the Loan Parties and the Lenders.

(b)Receipt by the Administrative Agent of customary opinions of legal counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, dated as of the date hereof.

(c)Receipt by the Administrative Agent of the following:

 

(i)a certificate of each Loan Party, signed by a Responsible Officer of such Loan Party, certifying and attaching resolutions adopted by the board of directors or equivalent governing body of such Loan Party approving this Amendment; and

 

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

 

(d)Receipt by the Administrative Agent, the Arranger and the Lenders of any fees required to be paid on or before the date hereof.

(e)Unless waived by the Administrative Agent, the Borrower shall have paid all fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent).

Without limiting the generality of the provisions of the last paragraph of Section 10.03 of the Credit Agreement, for purposes of determining compliance with the conditions specified in this Section 3, each Lender that has signed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Tenth Amendment Closing Date specifying its objection thereto.

5.Amendment is a Loan Document.  This Amendment is a Loan Document and all references to a “Loan Document” in the Credit Agreement and the other Loan Documents (including, without limitation, all such references in the representations and warranties in the Credit Agreement and the other Loan Documents) shall be deemed to include this Amendment.

6.Representations and Warranties.  Each Loan Party represents and warrants to the Administrative Agent and each Lender that (a) the representations and warranties of each Loan Party contained in Article VI of the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, are true and correct in all material respects on and as of the date hereof, except to the extent that (i) such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date and (ii) such representations and warranties are qualified as to materiality, in which case they are true and correct in all respects as of such date (or such earlier date), (b) no Default exists and (c) for purposes of determining withholding Taxes imposed under FATCA, from and after the Tenth Amendment Closing Date, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Obligations as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

7.Exiting Lenders.  The Commitments and outstanding Loans of Regions Bank, Barclays Bank PLC, Santander Bank, N.A. and Compass Bank (each, an “Exiting Lender”) under the Credit Agreement are hereby assigned and reallocated among the other Lenders in the manner provided in Schedule 2.01 attached hereto.  After giving effect to this Amendment, the Exiting Lenders shall no longer have any Commitments or outstanding Loans under the Credit Agreement.  Each Exiting Lender joins in the execution of this Amendment solely for purposes of acknowledging and consenting to the assignment and reallocation of its Commitments and Loans under the Credit Agreement.  Concurrently 

 

with the effectiveness of this Amendment, each Exiting Lender shall have received payment in full for all outstanding Obligations owing to it under the Credit Agreement.  Notwithstanding anything in the Credit Agreement or any other Loan Document to the contrary, all assignments and reallocations of Loans and Commitments pursuant to this Section 7 shall be deemed to be assignments made subject to and in compliance with Section 11.06 and Exhibit 11.06 of the Credit Agreement (including, without limitation, the ‘Standard Terms and Conditions’ applicable to Assignments and Assumptions). 

8.Reaffirmation of Obligations.  Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment and the incurrence of Indebtedness and other transactions contemplated hereby, (b) affirms all of its obligations under the Credit Agreement (as amended hereby) and the other Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

9.Reaffirmation of Security Interests.  Each Loan Party (a) agrees that, notwithstanding the effectiveness of this Amendment, the Security Agreement and each of the other Collateral Documents continue to be in full force and effect and are not impaired or adversely affected in any manner whatsoever, (b) confirms its guaranty of the Obligations and its grant of a security interest pursuant to the Collateral Documents in its assets that constitute Collateral as collateral therefor, all as provided in the Loan Documents as originally executed and (c) acknowledges that such guaranty and grant continues in full force and effect in respect of, and to secure, the Obligations under the Credit Agreement and the other Loan Documents.

10.No Other Changes.  Except as modified hereby, all of the terms and provisions of the Loan Documents shall remain in full force and effect.

11.Counterparts; Delivery.  This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of this Amendment by facsimile or other electronic imaging means shall be effective as an original.

12.Governing Law.  This Amendment shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with, the laws of the State of New York.

[SIGNATURE PAGES FOLLOW]

 

 

 

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

 

	
BORROWER:
	
CACI INTERNATIONAL INC, a Delaware corporation

 

By: /s/ Thomas A. Mutryn

Name: Thomas A. Mutryn

Title: Executive Vice President, Chief Financial Officer and Treasurer

 

 

	
GUARANTORS:
	
CACI PRODUCTS COMPANY, a Delaware corporation

CACI PRODUCTS COMPANY CALIFORNIA, a California corporation

CACI, INC. - FEDERAL, a Delaware corporation

CACI, LLC - COMMERCIAL, a Delaware limited liability company

CACI TECHNOLOGIES, LLC, a Virginia limited liability company

CACI DYNAMIC SYSTEMS, LLC, a Virginia limited liability company

CACI PREMIER TECHNOLOGY, LLC, a Delaware limited liability company

CACI-CMS INFORMATION SYSTEMS, LLC, 

a Virginia limited liability company

CACI ENTERPRISE SOLUTIONS, LLC, a Delaware limited liability company

R.M. VREDENBURG LLC, a Virginia limited liability company

CACI-WGI, LLC, a Delaware limited liability company

CACI SECURED TRANSFORMATIONS, LLC, 

a Florida limited liability company

CACI-NSR, INC., a Delaware corporation

CACI TECHNOLOGY INSIGHTS, LLC, a Virginia limited liability company

CACI-ATHENA, LLC, a Delaware limited liability company

BUSINESS DEFENSE AND SECURITY CORPORATION, 

a Virginia corporation

CACI-ISS, LLC, a Delaware limited liability company

APPLIED SYSTEMS RESEARCH, INC., a Virginia corporation

TECHNIGRAPHICS, LLC, an Ohio limited liability company

PANGIA TECHNOLOGIES, LLC, a Nevada limited liability company

DELTA SOLUTIONS AND TECHNOLOGIES, LLC, 

a Virginia limited liability company

CACI-APG, LLC, a Virginia limited liability company

PARADIGM SOLUTIONS CORPORATION, a Maryland corporation

EMERGINT TECHNOLOGIES, LLC, a Georgia limited liability company

IDL SOLUTIONS, LLC, a Wisconsin limited liability company

Six3 Systems, LLC, a Delaware limited liability company

CACI Asia, LLC, a Delaware limited liability company

Six3 Enterprise Systems, LLC, a Maryland limited liability company

Six3 Advanced Systems, Inc., a Virginia corporation 

Six3 Intelligence Solutions, LLC, a Virginia limited liability company

Ticom Geomatics, Inc., a Texas corporation

CACI DATA TACTICS CORPORATION, a Virginia corporation

CACI NSS, LLC, a Delaware limited liability company

 

By:/s/ Thomas A. Mutryn

Name: Thomas A. Mutryn

Title:  Executive Vice President, Chief Financial Officer and Treasurer   

CACI INTERNATIONAL INC

TENTH AMENDMENT

 

LTC Engineering Associates, Inc., a Florida corporation

 

By: /s/ Thomas A. Mutryn

Name: Thomas A. Mutryn

Title: Executive Vice President, Chief Financial Officer and Treasurer

 

AXIOS TECHNOLOGIES, INC., a Virginia corporation

LGS INNOVATIONS INTERNATIONAL INC., a Delaware corporation

LGS INNOVATIONS LLC, a Delaware limited liability company

LGS INTEGRATED SOLUTIONS LLC, a Delaware limited liability company

 

By: /s/ Thomas A. Mutryn

Name: Thomas A. Mutryn

Title: Executive Vice President, Chief Financial Officer and Treasurer

 

 

 

 

 

CACI INTERNATIONAL INC

TENTH AMENDMENT

 

ADMINISTRATIVE AGENT:BANK OF AMERICA, N.A., as Administrative Agent

 

By: /s/ Christine Trotter

Name: Christine Trotter

Title: Assistant Vice President

 

 

 

 

CACI INTERNATIONAL INC

TENTH AMENDMENT

 

LENDERS:BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender

 

By:/s/ Larry Van Sant

Name: Larry Van Sant 

Title: Senior Vice President

 

CAPITAL ONE NATIONAL ASSOCIATION

 

By: /s/ Joseph C. Costa

Name: Joseph C. Costa 

Title: Senior Vice President   

 

FIFTH THIRD BANK

 

By: /s/ Will Batchelor

Name: Will Batchelor 

Title: Vice President  

 

JPMORGAN CHASE BANK, N.A.

 

By: /s/ Anthony Galea

Name: Anthony Galea

Title: Executive Director  

 

MUFG BANK, LTD.

 

By: /s/ Dominic Yung

Name: Dominic Yung 

Title: Director   

 

PNC BANK, NATIONAL ASSOCIATION

 

By: /s/ Stephanie Lalos

Name: Stephanie Lalos

Title: Assistant Vice President  

 

 

 

ROYAL BANK OF CANADA

 

By: /s/ Richard C. Smith

Name: Richard C. Smith 

Title: Authorized Signatory   

 

SUNTRUST BANK

 

By: /s/ Anika Kirs

Name: Anika Kirs 

Title: Vice President   

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

By: /s/ Mark B. Felker

Name: Mark B. Felker 

Title: Managing Director  

 

BRANCH BANKING AND TRUST COMPANY

 

By: /s/ Trevor H. Williams

Name: Trevor H. Williams

Title: Assistant Vice President

 

GOLDMAN SACHS BANK USA

 

By: /s/ Ryan Durkin

Name: Ryan Durkin

Title: Authorized Signatory

 

SUMITOMO MITSUI BANKING CORPORATION

 

By: /s/ Katsuyuki Kubo

Name: Katsuyuki Kubo

Title: Managing Director

 

TD Bank

 

By: /s/ Pedro J. Vila

Name: Pedro J. Vila

Title: Vice President

 

Mizuho Bank, Ltd. 

 

By: /s/ Tracy Rahn

Name: Tracy Rahn

Title: Authorized Signatory

 

CITIZENS BANK, N.A. (as successor by merger to Citizens Bank of Pennsylvania)

 

 

 

By: /s/ Daniel T. Laurenzi

Name: Daniel T. Laurenzi

Title: Director

 

United Bank 

 

By: /s/ Edward J. Goedecke

Name: Edward J. Goedecke

Title: Senior Vice President

 

MANUFACTURERS AND TRADERS TRUST COMPANY 

 

By: /s/ R. Mark Swaak

Name: R. Mark Swaak

Title: Vice President

 

FIRST NATIONAL BANK OF PENNSYLVANIA

 

By: /s/ Douglas T. Brown

Name: Douglas T. Brown

Title: Senior Vice President

 

Synovus Bank

 

By: /s/ Chandra Cockrell

Name: Chandra Cockrell

Title: Corporate Banker

 

Taiwan Business Bank, Los Angeles Branch

 

By: /s/ Shenn-Bao Jean

Name: Shenn-Bao Jean

Title: General Manager

 

Union Bank & Trust, a Virginia Banking Corporation

 

By: /s/ Michael C. O’Grady

Name: Michael C. O’Grady

Title: Senior Vice President

 

The Bank of East Asia, Limited, New York Branch

 

By: /s/ James Hua

Name: James Hua

Title: Senior Vice President

 

By: /s/ Danny Leung

Name: Danny Leung

Title: Senior Vice President

 

Stifel Bank & Trust

 

 

 

By: /s/ Suzanne Agin

Name: Suzanne Agin

Title: Senior Vice President

 

Land Bank of Taiwan, New York Branch

 

By: /s/ Arthur Chen

Name: Arthur Chen

Title: General Manager

 

Hua Nan Commercial Bank, Los Angeles Branch

 

By: /s/ Gary Hsu

Name: Gary Hsu

Title: Vice President & General Manager

 

Taiwan Cooperative Bank, 

Seattle Branch, Seattle, Washington

 

By: /s/ Christine Lin

Name: Christine Lin

Title: V.P. & Manager

 

Mega International Commercial Bank Co., Ltd. New York Branch

 

By: /s/ Pi-Kai Liu

Name: Pi-Kai Liu

Title: AVP

 

Chang Hwa Commercial Bank, Ltd., New York Branch

 

By: /s/ Jerry C.S. Liu

Name: Jerry C.S. Liu

Title: Vice President & General Manager

 

E.SUN COMMERCIAL BANK, LTD., LOS ANGELESE BRANCH

 

By: /s/ Edward Chen

Name: Edward Chen

Title: SVP & General Manager

 

Manufacturers Bank

 

By: /s/ Ben Chu

Name: Ben Chu

Title: Senior Vice President

 

FIRST COMMONWEALTH BANK

 

By: /s/ Mark A. Woleslagle

 

 

Name: Mark A. Woleslagle

Title: Vice President

 

TriState Captial Bank

 

By: /s/ Ellen Frank

Name: Ellen Franklin

Title: Senior Vice President

 

EXITING LENDER:BARCLAYS BANK PLC

 

By:/s/ Craig Malloy

Name: Craig Malloy

Title: Director

 

COMPASS BANK

 

By:/s/ Criss Kennedy

Name: Criss Kennedy

Title: VP

 

REGIONS BANK

 

By:/s/ Mark Guile

Name: Mark Guile

Title: Director

 

SANTANDER BANK, N.A. 

 

By:/s/ Irv Roa

Name: Irv Roa

Title: Senior Vice PresidentEX-10.1

 Exhibit 10.1 
  

 
 6080 CENTER DRIVE, SUITE 1200 

LOS ANGELES, CA 90045 

May 6, 2019 
 Christian Mezger 

c/o Global Eagle Entertainment Inc. 
 6080 Center Drive, Suite
1200 
 Los Angeles, CA 90045 
 Re: Offer
of Employment 
 Dear Christian: 

Global Eagle Entertainment Inc. (the “Company”) is pleased to offer you employment on the following terms: 

1. Position. You will be hired into a grade 15 (exempt status) and, subject to Paragraph 2 below, your initial title will be Executive
Vice President and Chief Financial Officer in the Company’s Finance Department. You will initially report to the Company’s Chief Executive Officer. 

2. Commencement Date. Your anticipated commencement date for employment is May 8, 2019 (the “Commencement
Date”) and you shall assume the title of Executive Vice President and Chief Financial Officer one day following the date the Company files its Quarterly Report on Form 10-Q for the three months
ended March 31, 2019. 
 3. Validity of the Agreement. The agreement shall become null and void if not signed and returned with
three (3) days of the date first written above. 
 4. Location. You shall initially perform your employment duties at the
Company’s offices in Los Angeles, California. You may initially keep your primary residence in Denver, Colorado, but you shall later relocate your primary residence to a location mutually agreed upon between you and the Company at a future
date. 
 5. Base Salary. Your initial base salary will be a rate of $425,000.00 per year (“Base Salary”),
payable in accordance with the Company’s standard payroll schedule from time to time and subject to all tax withholdings. 

 6. Employee Benefits. You will be eligible to participate in customary employee
benefit plans and programs made generally available by the Company to its employees from time to time on a basis that is comparable in all material respects to that provided to other executives of the Company. The Company reserves the right to add,
terminate and/or amend any employee benefit plans, policies, programs and/or arrangements from time to time without notice or consideration paid to you. 

7. Annual Bonus. You will be eligible for an annual performance bonus under the Company’s Annual Incentive Plan (as in effect from
time to time) with an initial target of 75% of your Base Salary (the “Annual Bonus”) (but prorated for the 2019 performance year based on the number of full months including pro rata the month of your Commencement Date
elapsed in 2019 after your Commencement Date). Your actual Annual Bonus will however be subject to the achievement of individual and Company performance metrics to be established by the Company for you from time to time, and the final calculation
and bonus determination (including determination of achievement of performance objectives) will be in the sole discretion of the Company. The Company typically pays its Annual Bonuses in March following each performance-year end, e.g., in
March 2020 for the 2019 performance year, but the Company will determine the actual date of payment in its sole discretion. You must be employed on the payment date to receive any Annual Bonus, and if you are not employed for any reason on the
payment date (subject to the terms of any severance plan in which you then participate), then you will not be entitled to any Annual Bonus or any portion of it. 

8. Initial Equity Incentive. Subject to the approval of the Compensation Committee of the Company’s Board of Directors, you will
receive an initial equity award package consisting of the following: 
  

	 	A.	 Time-Vesting Restricted Stock Units 

 You will receive an award of 300,000 Restricted Stock Units (“RSUs”). The RSUs—each of which represents a
share of our Common Stock—will generally vest as follows: 
 (i) 50% on the second anniversary of your vesting commencement date, (ii)
25% on the third anniversary of your vesting commencement date and (iii) 25% on the fourth anniversary of your vesting commencement date, subject to your continuous employment through each applicable vesting date. 

 

	 	B.	 Performance Share Units  

You will receive an award of 150,000 Performance Stock Units (“PSUs”). The PSUs—each of which represents a share of our Common
Stock—will have both time-and performance-based vesting conditions and will generally vest as follows: 

(i) 50% on the second anniversary of your vesting commencement date, (ii) 25% on the third anniversary of your vesting commencement date and
(iii) 25% on the fourth anniversary of your vesting commencement date, subject to your continuous employment through each applicable vesting date. The vesting of the PSUs is further subject to our Common Stock achieving a volume-weighted average price per share (“VWAP”) equal to or exceeding $4.00 for 45 consecutive trading days at any time on or prior to the fifth anniversary of the date our Compensation Committee grants
your award. 

  
 2 

	 	C.	 $4 Goal Stock Options  

You will receive an award of 138,994 cash-settled stock options (“$4 Goal Stock Options”). These $4 Goal Stock Options—which
have both time- and performance-based vesting conditions—represent your right to receive a cash payment on the exercise date equal to the value of a share of our
Common Stock on the exercise date less the exercise price, multiplied by the number of shares for which the $4 Goal Stock Options are being exercised. These $4 Goal Stock Options have a five-year term and will
generally vest and become exercisable as follows: 
 (i) 50% will vest on the second anniversary of your vesting commencement date, (ii) 25%
will vest on the third anniversary of your vesting commencement date and (iii) 25% will vest on the fourth anniversary of your vesting commencement date, subject to your continuous employment through each applicable vesting date. The vesting of the
$4 Goal Stock Options is further subject to our Common Stock achieving a VWAP equal to or exceeding $4.00 for 45 consecutive trading days at any time on or prior to the fifth anniversary of the date our Compensation Committee grants your award. 

 

	 	D.	 $8 Goal Stock Options  

You will receive an award of 347,586 cash-settled stock options (“$8 Goal Stock Options”). These $8 Goal Stock Options—which
have both time- and performance-based vesting conditions—represent your right to receive a cash payment on the exercise date equal to the value of a share of our
Common Stock on the exercise date less the exercise price, multiplied by the number of shares for which the stock options are being exercised. These $8 Goal Stock Options have a seven-year term and will
generally vest and become exercisable as follows: 
 (i) 50% will vest on the second anniversary of your vesting
commencement date, and (ii) 50% will vest on the third anniversary of your vesting commencement date, subject to your continuous employment through each applicable vesting date. The vesting of
the $8 Goal Stock Options is further subject to our Common Stock achieving a VWAP equal to or exceeding $8.00 for 45 consecutive trading days at any time on or prior to the seventh anniversary of the date our Compensation Committee grants your
award. 
 For all Stock Options, the exercise price per share will be equal to our per-share Nasdaq
closing price on the date that our Compensation Committee grants your award. If the Committee approves your award prior to your Commencement Date, the “grant date” for purposes of your awards shall be your Commencement Date. 

  
 3 

In addition, note that although we currently intend to “net settle” the 
Stock Options in cash (as outlined above), we may later decide to settle all or a portion of them in shares of our Common Stock. 
 All
equity grants, including the RSUs, PSUs and Stock Options, are subject to the terms and conditions (including relating to vesting) applicable thereto under the Company’s equity incentive plan and your actual equity award agreement(s). 

9. Change in Control and Severance Protection. You will participate in the Company’s Change in Control and Severance Plan for
Senior Management (as amended from time to time) (the “Executive Severance Plan”), as a “Tier II participant” thereunder. In addition to your Executive Severance Plan protections, if the Company terminates your
employment without “Cause” or if you terminate your employment for “Good Reason” (each as defined in the Executive Severance Plan), then the Company shall reimburse you for (i) contractual lease penalties arising out of the
termination of your Los Angeles, California apartment lease (if you continue to rent an apartment in Los Angeles at that time) and (ii) transportation expenses for one vehicle and your apartment contents from Los Angeles, California to Denver,
Colorado (if you continue to rent an apartment in Los Angeles at that time). 
 10. Clawback. Notwithstanding any other provision in
this agreement to the contrary, any incentive-based compensation or any other compensation paid to you pursuant to the agreement or any other agreement or arrangement with the Company or any of its subsidiaries from time to time shall be subject to
recovery or deductions as may be required under any law, government regulation, stock exchange listing requirement or policy adopted by the Board from time to time, including the Policy Regarding Recoupment of Certain Executive Incentive-Based
Compensation adopted by the Board on September 18, 2017, or as determined by the Board pursuant to such law, government regulation, stock exchange listing requirement, or Board policy. 

11. Outside Activities. While you render services to the Company, you agree that you will not engage in any other directorships,
employment, consulting or other business activity without the Company’s prior written consent; provided that you may, without the Company’s prior written consent (i) serve any boards of directors of
non-profit organizations on which you already serve, (ii) participate in charitable, civic, educational, professional, community or industry affairs, and (iii) manage your passive personal
investments so long as such activities in the aggregate do not interfere or conflict with your duties hereunder or create a potential business or fiduciary conflict. You have indicated that you may request in the future to serve on the board of
directors of one for-profit company, and the Board will consider that request in good faith at such time under the Company’s Conflicts of Interest Policy. While you render services to the Company, you
will not assist any person or entity in competing with the Company, in preparing to compete with the Company or in hiring any employees or consultants of the Company. 

  
 4 

 12. Temporary Living Allowance. The Company will pay you an allowance of $357 per day
(i.e., the IRS per diem rate) to cover your housing/hotel, food and transportation for each working day that you are in the Company’s Los Angeles, California offices, until the earlier of (i) the
12-month anniversary of the Commencement Date and (ii) the date on which you establish a primary residence in a location to be mutually agreed upon between you and the Company. The Company’s
expectation is that you will work from its Los Angeles office from Monday through Friday each week until it determines otherwise. 
 13.
Expense Reimbursement. In accordance with the Company’s travel and expense-reimbursement policies, the Company shall reimburse you for all business travel, including your airfare between Denver and any location the Company requires your
presence in connection with the performance of your services (including your weekly airfare to and from Los Angeles during your first year of employment with the Company). The Company will also reimburse other out-of-pocket business expenses reasonably incurred by you in the performance of your services hereunder during the term of your employment. The Company will reimburse your relocation expenses in line with
the Company’s relocation policy. The Company will reimburse your legal expenses incurred in the preparation and execution of this agreement and any related documents. 

All reimbursable expenses shall be appropriately documented in reasonable detail by you upon submission of any request for reimbursement, and in a format and
manner consistent with the Company’s expense reporting policies and procedures, as well as applicable federal and state tax record-keeping requirements, and shall be promptly reimbursed by the Company. The parties intend that reimbursements of
expenses described in this Section 13 shall, to the maximum extent permitted, be made under an “accountable plan” in accordance with Treasury Regulations Section 1.62-2(c) and this
Section 13 shall be construed and administered in accordance with such intention. 
 14. Indemnification. You will be entitled to
customary indemnification for executive officers of the Company pursuant to terms of an indemnity agreement to be entered into between you and the Company. 

15. Drug Testing and Background Check. You must undergo a drug test for illegal use of drugs within 72 hours of your acceptance of this
agreement. This test (and satisfactory results on it) is a condition precedent to your employment with the Company, even if you commence employment prior to our receiving the results of that test. If you refuse to submit to the test for
any reason or test positive for illegal drug use without sufficient explanation (as determined by an independent medical review officer), then the Company may rescind this Agreement and the offer of employment in its discretion without liability.
You also authorize the Company to conduct a background check prior to your Commencement Date, and this check (and satisfactory results on it) is also a condition precedent to your employment with the Company. This check will include a
criminal investigation and verification of citizenship/immigration status, employment history and education. It also may include a credit check if we determine that to be appropriate. You will receive additional written disclosure(s) of the
background check and credit check and a written authorization form for your completion. You hereby consent to the foregoing drug test and background checks, and waive all claims that you may have against the Company and its employees,
representatives and vendors for invasion of your privacy or under any other legal theory or statute in respect thereof. 

  
 5 

 16. Employment Relationship. Your employment with the Company will be “at
will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. If you decide to resign from your employment, we will consider your notice of resignation effective only when
delivered in writing to your manager. 
 17. Restrictive Covenant Agreement. As a condition to your employment with the Company, you
are required to concurrently enter into an Employee Statement and Agreements Regarding Confidentiality, Proprietary Information, Invention Assignment and Non-Solicitation (the “Restrictive Covenant
Agreement”), which is attached hereto as Attachment A. 
 18. Employee Representations, Warranties
and Covenants; Company Policies. You represent and warrant that you have no contractual commitments or other legal obligations or restrictions (including to a current or prior employer) that would prohibit or impair you from performing your
duties for the Company. You agree not to violate any confidentiality, restrictive covenant (e.g., a non-solicitation or non-competition obligation) or other
obligations that you owe to any other person (including to a current or prior employer) during your employment with the Company. You agree to abide by the Company’s general employment policies and practices, including those set forth in its
Employee Handbook, its Conflicts of Interest Policy, its Code of Ethics, its Whistleblower Policy and Procedures and Global Business Conduct and Compliance Policies Manual (as each may be amended from time to time) as well as such other policies and
procedures as the Company shall from time to time establish. 

  
 6 

 19. Arbitration. Any and all claims or controversies arising out of or relating to
your employment, the termination thereof, or otherwise arising between the parties hereto shall, in lieu of a jury or other civil trial, be settled by final and binding arbitration before a single arbitrator in Los Angeles, California, in accordance
with then-current rules of the American Arbitration Association applicable to employment disputes. This agreement to arbitrate includes all claims whether arising in tort or contract and whether arising under statute or common law including, but not
limited to, any claim of breach of contract, discrimination or harassment of any kind. Judgment on any award rendered by the arbitrator may be entered and enforced by any court having jurisdiction thereof. The Company shall be solely responsible for
all costs of the arbitration, provided that each party shall be responsible for paying its own costs for the arbitration process, including attorneys’ fees, witness fees, transcript costs, lodging and travel expenses, expert witness fees, and
online research charges, subject to the last sentence of this paragraph. Notwithstanding the foregoing, the parties may seek injunctive or equitable relief to enforce the terms of this Agreement in any court of competent jurisdiction. 

Except where prohibited by law, the parties must bring “covered claims” (which are any and all claims or controversies arising out
of or relating to your employment, the termination thereof or otherwise arising between the parties hereto, except for “non-covered claims” described in the following paragraph) on an individual
basis only, and arbitration on an individual basis is the parties’ exclusive remedy. Neither party may submit a multi-plaintiff, class, collective or representative action for resolution under this Agreement, and no arbitrator has the authority
to proceed with arbitration on such a basis. A court of competent jurisdiction (but not the arbitrator) can decide any disputes concerning the validity of the waivers in the preceding two sentences. In the event that a court determines that these
waivers are unenforceable with respect to any claim or portion of a claim, then these waivers will not apply to that claim or portion of the claim, and that claim (or portion thereof) may then only proceed in a court as the exclusive forum. 

“Non-covered claims” are: claims for workers’ compensation or unemployment benefits;
petitions or charges that could be brought before the National Labor Relations Board; claims under a collective bargaining agreement; claims under employee pension, welfare benefit or stock-option plans if those plans provide a dispute resolution
procedure; representative claims under California’s Labor Code Private Attorneys General Act of 2004, California Labor Code §§ 2698, et seq.; and any other claims which are not subject to arbitration or pre-dispute arbitration agreements. 
 *** 

  
 7 

 Please accept this offer by signing below and by signing the attached Restrictive Covenant Agreement. 

 

			
	Very truly yours,
	
	GLOBAL EAGLE ENTERTAINMENT INC.
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

			
	I hereby accept this employment offer:
	
	  

	Christian Mezger
		
	Dated:	 	  

  

			
	Attachment	  	
		
	Attachment A:	  	Employee Statement and Agreements Regarding Confidentiality, Proprietary Information, Invention Assignment and Non-Solicitation

 Signature Page to Offer of Employment 

 Attachment A 

See attached. 

 GLOBAL EAGLE ENTERTAINMENT INC. 

EMPLOYEE STATEMENT & AGREEMENTS REGARDING 

CONFIDENTIALITY, PROPRIETARY INFORMATION, INVENTION ASSIGNMENT AND NON-SOLICITATION 

In consideration of and as a condition of my employment with Global Eagle Entertainment Inc. (“Global Eagle”) and my receipt of the salary and other
compensation to be paid to me by Global Eagle, I, the undersigned employee, do hereby agree to the following (this “Restrictive Covenant Agreement”): 

1. PROPRIETARY INFORMATION, COPYRIGHTS, MASK WORKS & INVENTIONS The success of Global Eagle, along with its subsidiaries, affiliates,
successors and assigns (the “Company Group”) depends, among other things, upon strictly maintaining confidential and secret information relating to its trade secrets, technology, accounting, costs, research, development, sales,
manufacturing, methods, production, testing, implementation, marketing, financial information, financial results, products, customers, suppliers, staffing levels, employees, shareholders, officers and other information peculiarly within the
knowledge of and relating to Global Eagle’s business, and to which employees may acquire knowledge or have access to during the course of their employment by the Company Group. All such information is hereinafter collectively referred to as
“Proprietary Information.” Proprietary Information shall be broadly defined. It includes all information, data, trade secrets or know-how that has or could have commercial value or other utility in
Global Eagle’s business or in which the Company Group contemplates engaging. Proprietary Information also includes all Company Group information the unauthorized disclosure of which is or could be detrimental to the interests of the Company
Group, whether or not such information is identified as confidential or proprietary information by the Company Group. 
 Notwithstanding the above,
Proprietary Information shall not include any information, data, trade secrets or know-how that (i) was known by me prior to the commencement of my employment with the Company Group or (ii) is or
becomes publicly known from another source that is under no obligation of confidentiality to the Company Group without fault on my part. 
 The success of
the Company Group also depends upon the timely disclosure of inventions made by the Company Group employees in the course of their employment and, in appropriate circumstances, the full cooperation of employee inventors in filing, maintaining and
enforcing United States and foreign country patent applications and patents covering such inventions. 
 In view of the foregoing and in consideration of my
employment by Global Eagle and as a further condition thereof, I agree as follows: 
  

	 	A.	 PREVIOUS EMPLOYMENT 

I acknowledge that it is the policy of Global Eagle to require that its employees strictly honor all obligations regarding proprietary
information of former employers. I acknowledge and agree that I have a continuing obligation to protect and safeguard the proprietary information of my former employer(s), if any. I will not use any confidential or proprietary information of my
former employer(s) in connection with my employment by Global Eagle. 

  
 1 

	 	B.	 PROPRIETARY INFORMATION 

I shall exercise utmost diligence to protect and guard the Proprietary Information of the Company Group. Neither during my employment by Global
Eagle nor thereafter shall I, directly or indirectly, use for myself or another, or disclose to another, any Proprietary Information (whether acquired, learned, obtained or developed by me alone or in conjunction with others) of the Company Group
except as such disclosure or use is (i) required in connection with my employment with Global Eagle, (ii) consented to in writing by Global Eagle, or (iii) legally required to be disclosed pursuant to a subpoena or court order, and in
the case of (iii), disclosure may only be made after I have informed Global Eagle of such requirement and assisted Global Eagle in taking reasonable steps to seek a protective order or other appropriate action. Except in connection with the
performance of my duties and responsibilities as provided for in the Offer of Employment to which this Restrictive Covenant Agreement is attached, I agree not to remove any materials relating to the work performed at the Company Group without the
prior written permission of the Chief Executive Officer (or his designee) of Global Eagle. Upon request by Global Eagle at any time, including in the event of my termination of employment with Global Eagle, I shall promptly deliver to Global Eagle,
without retaining any copies, notes or excerpts thereof, all memoranda, journals, notebooks, diaries, notes, records, plats, sketches, plans, specifications, or other documents (including documents on electronic media and all records of inventions,
if any) relating directly or indirectly to any Proprietary Information made or compiled by or delivered or made available to or otherwise obtained by me. Each of the foregoing obligations shall apply with respect to Proprietary Information of
customers, contractors and others with whom any member of the Company Group has a business relationship, learned or acquired by me during the course of my employment by the Company Group. The provisions of this section shall continue in full force
and effect after my termination of employment for whatever reason. Notwithstanding anything herein to the contrary, nothing in this Restrictive Covenant Agreement shall (i) prohibit me from making reports or participating in the investigation
of possible violations of federal law or regulation to any governmental agency or entity in accordance with the provisions of and rules promulgated under Section 21F of the Securities Exchange Act of 1934 or Section 806 of the
Sarbanes-Oxley Act of 2002, or of any other whistleblower protection provisions of local, state or federal law or regulation, or (ii) require notification to or prior approval by the Company Group of any reporting described in clause (i). 

 

	 	C.	 COPYRIGHT & MASK WORKS 

All rights in and to any copyrightable material (including, but not limited to, computer programs) or material protectable as a mask work under
the Semiconductor Chip Protection Act of 1984 which I may originate pursuant to or in connection with the Business, and which are not expressly released by Global Eagle in writing, shall be deemed as a work for hire and shall be the sole and
exclusive property of the Company Group. 

  
 2 

	 	D.	 INVENTIONS 

With the exception of “EXEMPT” inventions, as defined herein, any and all inventions, including original works of authorship,
concepts, trade secrets, improvements, developments and discoveries, whether or not patentable or registrable under copyright or similar laws, which I may conceive or first reduce to practice (or cause to be conceived or first reduced to practice),
either alone or with others during the period of my employment with the Company Group (hereinafter referred to as “Inventions”) shall be the sole and exclusive property of the Company Group, its successors, assigns, designees, or other
legal representatives (“Company Group Representatives”) and shall be promptly disclosed to Global Eagle in writing, and I hereby assign to the Company Group all of my right, title and interest in such Inventions. 

I agree to keep and maintain adequate and current written records of all Inventions and their development that I make (solely or jointly with
others) during the period of employment. These records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company Group. The records will be available to and remain the sole property of the Company
Group at all times. 
 I shall, without further compensation or consideration, but at no expense to me: 

 

	 	(a)	 communicate to Global Eagle any facts known by me respecting the Inventions; 

 

	 	(b)	 do all lawful acts, including the execution and delivery of all papers and proper oaths and the giving of
testimony deemed necessary or desirable by Global Eagle or the Company Group, with regard to said Inventions, for protecting, obtaining, securing rights in, maintaining and enforcing any and all copyrights, patents, mask work rights or other
intellectual property rights in the United States and throughout the world for said Inventions, and for perfecting, affirming, recording and maintaining in the Company Group and Company Group Representatives sole and exclusive right, title and
interest in and to the Inventions, and any copyrights, Patents, mask work rights or other intellectual property rights relating thereto; and 

  

	 	(c)	 generally cooperate to the fullest extent in all matters pertaining to said Inventions, original works of
authorship, concepts, trade secrets, improvements, developments and discoveries, any and all applications, specifications, oaths, assignments and all other instruments which Global Eagle shall deem necessary in order to apply for and obtain such
rights and in order to assign and convey to Global Eagle, its successors, assigns and nominees the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights or other intellectual property
rights relating thereto. 

  
 3 

 Compliance with California Labor Code Section 2870 – Inventions
Made on Your Own Time – An “EXEMPT” invention is one which: 
  

	 	(a)	 was developed entirely on my own time without using Company Group equipment, supplies, facilities, or trade
secret information; 

  

	 	(b)	 does not relate at the time of conception or reduction to practice of the invention to the Business, or to its
actual or demonstrably anticipated research or development; and 

  

	 	(c)	 does not result from any work performed by me for the Company Group. 

Inventions which I consider to be “EXEMPT” but made solely or jointly with others during the term of my employment, shall be
disclosed in confidence to Global Eagle for the purpose of determining such issues as may arise. 
 I acknowledge and agree that my
obligations with respect to the foregoing shall continue after the termination of my employment with Global Eagle. If I am unable because of my mental or physical incapacity or for any other reason to secure my signature to apply for or to pursue
any application for any United States or foreign patents or copyright registrations covering Inventions or original works of authorship assigned to the Company Group as above, then I hereby irrevocably designate and appoint Global Eagle and its duly
authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters, patents
or copyright registrations thereon with the same legal force and effect as if executed by me. 
 Pursuant to the Defend Trade Secrets Act of
2016, I understand that: (i) an individual may not be held criminally or civilly liable under any U.S. federal or state trade secrets law for the disclosure of a trade secret that: (A) is made (x) in confidence to a federal, state or
local government official, either directly or indirectly, or to any attorney and (y) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document that is filed under
seal in a lawsuit or other proceeding; and (ii) further, an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the employer’s trade secrets to the attorney and use the
trade secret information in the court proceeding if the individual (A) files any document containing the trade secret under seal and (B) does not disclose the trade secret except pursuant to court order. 

Listed on the attached sheet by descriptive title for purposes of identification only are all of the inventions made by me (conceived and
reduced to practice) prior to my employment by Global Eagle that I consider to be my property and excluded from this Restrictive Covenant Agreement. If I have not attached any such sheet, then I acknowledge that there are no such inventions. 

  
 4 

 2. NON-SOLICITATION 

I acknowledge that Global Eagle is making a substantial investment in time, money, effort, goodwill and other resources in the business of the Company Group,
and in my continued employment with Global Eagle. I acknowledge and agree that Global Eagle and the Company Group are entitled to protect their legitimate business interests and investments and prevent me from using my knowledge of its trade secrets
and Proprietary Information to the detriment of the Company Group. I also acknowledge that the nature of the business of the Company Group is such that the on-going relationship among each member of the
Company Group and their respective employees, clients and customers is material and has a significant effect on the ability of the Company Group to obtain business. In view of the foregoing and in consideration of my employment by Global Eagle and
as further condition thereof, I agree as follows: 
  

	 	A.	 NON-SOLICITATION OF EMPLOYEES 

During the period of my employment and for twelve (12) months following the termination thereof for any reason, I will not, without Global
Eagle’s prior written consent, directly or indirectly, on behalf of myself or any other person or organization, induce, knowingly solicit or encourage to leave the employment of any member of the Company Group, any employee of any member of the
Company Group, or any such person who has been an employee thereof for the six months preceding my termination of employment. 
 I acknowledge that the
limits set forth herein are reasonable and properly required to adequately protect the Company Group’s legitimate business interests and to prevent unfair competition. However, if in any proceeding, a court or arbitrator shall refuse to enforce
this Restrictive Covenant Agreement, whether because the time limit is too long or because the restrictions contained herein are more extensive (whether as to geographic area, scope of business or otherwise) than is necessary to protect the business
of Global Eagle, it is expressly understood and agreed between the parties hereto that this Restrictive Covenant Agreement is deemed modified to the extent necessary to permit this Restrictive Covenant Agreement to be enforced in any such
proceedings. I further agree that if there is a breach or threatened breach of the provisions of this Section 2, the Company Group shall be entitled to an injunction restraining me from such breach or threatened breach, in addition to any other
relief permitted under applicable law or pursuant to my Offer of Employment. Global Eagle will not be required to post a bond or other security in connection with, or as a condition to, obtaining such relief before a court of competent jurisdiction.
Nothing herein shall be construed as prohibiting Global Eagle from pursuing any other remedies, at law or in equity, for such breach or threatened breach. 

3. ARBITRATION 
 Any and all claims or controversies
arising out of or relating to my employment, the termination thereof, or this Restrictive Covenant Agreement hereto shall, in lieu of a jury or other civil trial, be settled by final and binding arbitration before a single arbitrator in Los Angeles,
California, in accordance with then-current rules of the American Arbitration Association applicable to employment and related disputes. This agreement to arbitrate includes all claims whether arising

  
 5 

 
in tort or contract and whether arising under statute or common law including, but not limited to, any claim of breach of contract, discrimination or harassment of any kind. The obligation to
arbitrate such claims shall continue forever, and the arbitrator shall have jurisdiction to determine the arbitrability of any claim. The arbitrator shall have the authority to award any and all damages otherwise recoverable in a court of law. The
arbitrator shall not have the authority to add to, subtract from or modify any of the terms of this Agreement. Judgment on any award rendered by the arbitrator may be entered and enforced by any court having jurisdiction thereof. Global Eagle shall
be solely responsible for all costs of the arbitration, provided that each party shall be responsible for paying its own costs for the arbitration process, including attorneys’ fees, witness fees, transcript costs, lodging and travel expenses,
expert witness fees, and online research charges, subject to the last sentence of this paragraph. I shall not be required to pay any type or amount of expense if such requirement would invalidate this agreement or would otherwise be contrary to the
law as it exists at the time of the arbitration. Notwithstanding and in addition to the foregoing, Global Eagle may seek injunctive or equitable relief to enforce the terms of this Restrictive Covenant Agreement in any court of competent
jurisdiction. 
 Except where prohibited by law, the parties must bring “covered claims” (which are any and all claims or controversies arising
out of or relating to your employment, the termination thereof or otherwise arising between the parties hereto, except for “non-covered claims” described in the following paragraph) on an individual
basis only, and arbitration on an individual basis is the parties’ exclusive remedy. Neither party may submit a multi-plaintiff, class, collective or representative action for resolution under this Agreement, and no arbitrator has the authority
to proceed with arbitration on such a basis. A court of competent jurisdiction (but not the arbitrator) can decide any disputes concerning the validity of the waivers in the preceding two sentences. In the event that a court determines that these
waivers are unenforceable with respect to any claim or portion of a claim, then these waivers will not apply to that claim or portion of the claim, and that claim (or portion thereof) may then only proceed in a court as the exclusive forum. 

“Non-covered claims” are: claims for workers’ compensation or unemployment benefits; petitions or
charges that could be brought before the National Labor Relations Board; claims under a collective bargaining agreement; claims under employee pension, welfare benefit or stock-option plans if those plans provide a dispute resolution procedure;
representative claims under California’s Labor Code Private Attorneys General Act of 2004, California Labor Code §§ 2698, et seq.; and any other claims which are not subject to arbitration or
pre-dispute arbitration agreements. 
 4. GENERAL PROVISIONS 

 

	 	A.	 This Restrictive Covenant Agreement will be governed by the laws of the State of Delaware.

  

	 	B.	 Nothing contained herein shall be construed to require the commission of any act contrary to law. Should
there be any conflict between any provisions hereof and any present or future statute, law, ordinance, regulation, or other pronouncement having the force of law, the latter shall prevail, but the provision of this Restrictive Covenant Agreement
affected thereby shall be curtailed and limited only to the 

  
 6 

 
extent necessary to bring it within the requirement of the law, and the remaining provisions of this Restrictive Covenant Agreement shall remain in full force and effect. This Restrictive
Covenant Agreement may not be assigned by me without the prior written consent of Global Eagle. Subject to the foregoing sentence, this Restrictive Covenant Agreement will be binding upon my heirs, executors, administrators and other
legal representatives and will be for the benefit of Global Eagle, its successors, and its assigns, and may be assigned by Global Eagle and shall be binding and inure to the benefit of Global Eagle, its successors and assigns. 

 

	 	C.	 The provisions of this Restrictive Covenant Agreement are severable, and if any one or more provisions
may be determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions or parts thereof shall nevertheless be binding and enforceable. In the event that any provision of this Restrictive Covenant Agreement is
deemed unenforceable, Global Eagle and I agree that a court or an arbitrator chosen pursuant to the terms hereof shall reform such provision to the extent necessary to cause it to be enforceable to the maximum extent permitted by law. Global Eagle
and I agree that each desires the court or arbitrator to reform such provision, and therefore agree that the court or arbitrator will have jurisdiction to do so and that each will abide by the determination of the court or arbitrator.

  

	 	D.	 I have had the opportunity to review this Restrictive Covenant Agreement and have had the opportunity to
ask questions regarding the nature of my employment with Global Eagle I have also been advised that I have been given the opportunity to allow legal counsel to assist me in the review of this Restrictive Covenant Agreement prior to my execution of
this Restrictive Covenant Agreement. I represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to my employment with
Global Eagle. I have not entered into, and I agree I will not enter into any oral or written agreements in conflict herewith. 

*** 

  
 7 

 I have read, and I understand and agree to comply with all terms and conditions above without any
reservation whatsoever. 
  

			
	Christian Mezger
		
	Signature:	 	  

			
		
	Date:	 	  

			
	
	Global Eagle Entertainment Inc.

			
		
	By:	 	  

			
		
	Name:	 	  

			
		
	Title:	 	  

 Signature Page to Restrictive Covenant Agreement

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