Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT 

This AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of March 1, 2016, is entered
into by and among MOHAWK INDUSTRIES, INC., a Delaware corporation (the “Company”), ALADDIN MANUFACTURING CORPORATION, a Delaware corporation (“Aladdin”), DAL-TILE DISTRIBUTION, INC., a Delaware corporation
(“Dal-Tile”), MOHAWK UNITED INTERNATIONAL B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, having its official seat (statutaire
zetel) in Oisterwijk, the Netherlands and its office at Beneluxstraat 1 (5061 KD) Oisterwijk, the Netherlands, and registered with the Trade Register of the Chambers of Commerce under number 17229715 (“Mohawk BV”), MOHAWK FOREIGN
HOLDINGS S.À R.L., a company organized and existing under the laws of Luxembourg as a société à responsibilité limitée (“Mohawk Foreign”), MOHAWK INTERNATIONAL HOLDINGS S.À
R.L., a company organized and existing under the laws of Luxembourg as a société à responsibilité limitée (“Mohawk International”), MOHAWK FOREIGN FUNDING S.À R.L., a company
organized and existing under the laws of Luxembourg as a société à responsibilité limitée (“Mohawk Funding”), UNILIN BVBA, a private limited liability company (besloten vennootschap met
beperkte aansprakelijkheid) organized under the laws of Belgium and registered under nr. 0405.414.072 RPR/RPM Ghent, Kortrijk division (“Unilin”), PREMIUM FLOORS AUSTRALIA PTY LIMITED, a private limited liability company
organized under the laws of Australia (“Premium Australia”), each Lender party hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swing Line Lender and an L/C Issuer. 

RECITALS 
 WHEREAS, the
Borrowers, the Lenders and the Administrative Agent are parties to the Amended and Restated Credit Agreement, dated as of March 26, 2015 (the “Credit Agreement”, and as amended by this Amendment, the “Amended Credit
Agreement”), pursuant to which the Lenders have extended a revolving credit facility to the Borrowers; 
 WHEREAS, pursuant
to Section 2.19 of the Credit Agreement, the Company has requested that each Lender extend its Maturity Date for an additional one year period as more specifically set forth in this Amendment and the Borrowers have requested that the
Administrative Agent and the Lenders signatory hereto agree to certain other amendments to the Credit Agreement as provided herein; and 

WHEREAS, the Administrative Agent and each of the undersigned Lenders have agreed to such requests, subject to the terms and conditions
of this Amendment. 
 NOW, THEREFORE, for valuable consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto hereby agree as follows: 
 1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein shall
have the meanings, if any, assigned to such terms in the Amended Credit Agreement. 
 2. Amendment to Credit Agreement. Effective as
of the date hereof but subject to the satisfaction of the conditions precedent set forth in Section 4 below, the Credit Agreement is amended as follows: 

(a) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in the appropriate alphabetical
order: 

 “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In
Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule. 
 “EEA Financial Institution” means (a) any
credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in
clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated
supervision with its parent; 
 “EEA Member Country” means any of the member states of the European Union, Iceland,
Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any person entrusted
with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any
successor person), as in effect from time to time. 
 “Write-Down and Conversion Powers” means, with respect to any EEA
Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule. 
 (b) The definition of Defaulting Lender set forth in Section 1.01 of the Credit Agreement is amended by
(1) deleting the “or” at the end of clause (d)(ii) thereof and (2) adding the following text after the word “appointment” at the end of clause (d)(iii) thereof: “or (iv) become the subject of any Bail-In
Action”; 
 (c) The definition of Maturity Date set forth in Section 1.01 of the Credit Agreement is amended by
(1) replacing “March 26, 2020” in such definition with “March 26, 2021” and (2) adding the following proviso to the end of such definition “; provided further, that with respect to the
Non-Extending Lender with respect to the Maturity Date extension that occurred pursuant to that certain Amendment No. 1 to Amended and Restated Credit Agreement, dated as of March 1, 2016, between the Borrowers, the Administrative Agent
and the Lenders party thereto, the Maturity Date shall be March 26, 2020.” For the avoidance of doubt, such extension is one of the extensions set forth in Section 2.19 of the Credit Agreement; 

(d) Subsection 2.17(a)(iv) of the Credit Agreement shall be amended by replacing the last sentence in such Subsection with the
following: “Subject to Section 10.26, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender,
including any claim of a non-Defaulting Lender as a result of such non-Defaulting Lender’s increased exposure following such reallocation.”; 

  
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 (e) Section 7.03 of the Credit Agreement is hereby amended by adding the following
clause (h) to the end of such Section with corresponding grammatical changes thereto: 
 “(h) Euro-denominated commercial
paper issued by Subsidiaries of the Company.” 
 (f) Subsection 7.09(xii) of the Credit Agreement is hereby amended by
(1) replacing the “or” immediately before clause (B) in such Subsection with “,”(2) re-lettering the existing clause (B) as clause (C) and (3) adding a new clause (B) after clause (A) to read as
follows: 
 “(B) contained in any term loan credit facility agented by Wells Fargo in an aggregate principal amount
(including any incremental term loans thereunder) not to exceed $500,000,000 or”. 
 (g) Article X of the Credit Agreement is
hereby amended by adding a new Section 10.26 to read as follows: 
 “10.26 Acknowledgement and Consent to Bail-In of EEA
Financial Institutions. 
 Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or
understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion
powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any
Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(b) the effects of any Bail-in Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its
parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this
Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in connection with the exercise of the
write-down and conversion powers of any EEA Resolution Authority.” 

  
 3 

 3. Representations and Warranties. The Borrowers and the Guarantors hereby represent and
warrant to the Administrative Agent and the Lenders as follows: 
 (a) no Default or Event of Default has occurred and is continuing, or
would result from this Amendment; 
 (b) the execution, delivery and performance by the Borrowers of this Amendment have been duly
authorized by all necessary corporate and other action and do not and will not require any registration with, consent or approval of, or notice to or action by, any Person (including any Governmental Authority) in order to be effective and
enforceable; 
 (c) this Amendment constitutes the legal, valid and binding obligations of each Borrower, enforceable against it in
accordance with its terms, without defense, counterclaim or offset; and 
 (d) both before and immediately after giving effect to this
Amendment, the representations and warranties contained in Article V of the Amended Credit Agreement (with each reference therein to “this Agreement”, “hereunder”, “Loan Document” and words of like import
referring to the Credit Agreement being deemed to be a reference to the Amended Credit Agreement) are true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all respects) on and as of the date
hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that the representations and warranties contained in subsections
(a) and (b) of Section 5.05 of the Amended Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of
Section 6.01 of the Amended Credit Agreement. 
 4. Conditions to Effectiveness. 

(a) This Amendment will become effective as of the date hereof when and if each of the following conditions has been satisfied: 

(i) the Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrowers, the L/C
Issuers, the Swing Line Lender and each Lender party to the Credit Agreement on the date hereof; 
 (ii) the Administrative
Agent shall have received a certificate signed by a Responsible Officer of the Company (A) certifying that (a) there exists no Default or Event of Default on the date hereof and immediately after giving effect hereto and (b) the
representations and warranties made by the Borrowers contained in the Credit Agreement are true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all respects) with the same effect as though such
representations and warranties had been made on and as of the date hereof (except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date) and
except that for purposes of such certificate, the representations and warranties contained in subsection (a) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to
clause (a) of Section 6.01 of the Credit Agreement and (B) certifying and attaching the resolutions adopted by the Borrowers approving or consenting to the Maturity Date extension contemplated by this Amendment; 

(iii) unless waived by the Administrative Agent, the Company shall have paid all fees, charges and disbursements of counsel to
the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced at least two (2) Business 

  
 4 

 
Days prior to or on the date hereof, 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 Company and the Administrative Agent); and 

(iv) the Company shall have paid to the Administrative Agent the fees payable by the Company pursuant to that certain letter
agreement dated the date hereof between the Company and the Administrative Agent. 
 (b) For purposes of determining compliance with the
conditions specified in this Section 4, each Lender that has executed this Amendment and delivered it to the Administrative Agent shall be deemed to have consented to, approved or accepted, or to be satisfied with, each document or other
matter required under Section 4 to be consented to or approved by or acceptable or satisfactory to such Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed date of this Amendment
specifying its objection thereto. 
 (c) From and after the date hereof, the Credit Agreement is amended as set forth herein. Except as
expressly amended pursuant hereto, the Credit Agreement shall remain unchanged and in full force and effect and is hereby ratified and confirmed in all respects. 

(d) The Administrative Agent will notify the Company and the Lenders of the occurrence of the effectiveness of this Amendment. 

5. Miscellaneous. 
 (a)
Except as herein expressly amended, all terms, covenants and provisions of the Credit Agreement and each other Loan Document are and shall remain in full force and effect. Upon the effectiveness of this Amendment, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”,
“thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Amended Credit Agreement. This Amendment shall be deemed incorporated into, and a part of, the Credit Agreement. 

(b) This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns under the
Loan Documents. 
 (c) THIS AMENDMENT IS SUBJECT TO THE PROVISIONS OF SECTIONS 10.14 AND 10.15 OF THE AMENDED CREDIT
AGREEMENT RELATING TO GOVERNING LAW, VENUE AND WAIVER OF RIGHT TO TRIAL BY JURY, THE PROVISIONS OF WHICH ARE BY THIS REFERENCE INCORPORATED HEREIN IN FULL. 

(d) 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. This Amendment and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all
previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4, this Amendment shall become effective when it shall have been executed by the Administrative Agent and when
the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties required to be a party hereto. Delivery of an executed counterpart of a signature page of this Amendment by
telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Amendment. This Amendment may not be amended except in accordance with the provisions of Section 10.01 of the Amended
Credit Agreement. 

  
 5 

 (e) If any provision of this Amendment or the other Loan Documents is held to be illegal, invalid
or unenforceable, (i) the legality, validity and enforceability of the remaining provisions of this Amendment and the other Loan Documents shall not be affected or impaired thereby and (ii) the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a
particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 (f) The Company agrees to
pay in accordance with Section 10.04 of the Credit Agreement all reasonable out of pocket expenses actually incurred by the Administrative Agent and its Affiliates in connection with the preparation, execution, delivery, administration
of this Amendment and the other instruments and documents to be delivered hereunder, including, without limitation, the reasonable and documented fees, charges and disbursements of counsel to the Administrative Agent with respect thereto and with
respect to advising the Administrative Agent as to its rights and responsibilities hereunder and thereunder. 
 (g) This Amendment shall
constitute a “Loan Document” under and as defined in the Amended Credit Agreement. 
 (h) Each Domestic Guarantor consents to the
execution and delivery by the Borrowers of this Amendment and jointly and severally ratifies and confirms the terms of the Domestic Guaranty with respect to the Obligations now or hereafter outstanding under the Amended Credit Agreement and all
Notes issued thereunder. Each Domestic Guarantor acknowledges that, notwithstanding anything to the contrary contained herein or in any other document evidencing any Obligations of any Borrower to the Lenders or any other obligation of any Borrower,
or any actions now or hereafter taken by the Lenders with respect to any obligation of any Borrower, the Domestic Guaranty (i) is and shall continue to be a primary obligation of the Domestic Guarantors, (ii) is and shall continue to be an
absolute, unconditional, joint and several, continuing and irrevocable guaranty of payment, and (iii) is and shall continue to be in full force and effect in accordance with its terms. Nothing contained herein to the contrary shall release,
discharge, modify, change or affect the original liability of the Domestic Guarantors under the Domestic Guaranty. Each Foreign Guarantor consents to the execution and delivery by the Borrowers of this Amendment and jointly and severally ratifies
and confirms the terms of the Foreign Guaranty with respect to the Foreign Obligations now or hereafter outstanding under the Amended Credit Agreement and all Notes issued by any Foreign Borrower thereunder. Each Foreign Guarantor acknowledges that,
notwithstanding anything to the contrary contained herein or in any other document evidencing any Obligations of any Borrower to the Lenders or any other obligation of any Borrower, or any actions now or hereafter taken by the Lenders with respect
to any obligation of any Borrower, the Foreign Guaranty (i) is and shall continue to be a primary obligation of the Foreign Guarantors, (ii) is and shall continue to be an absolute, unconditional, joint and several, continuing and
irrevocable guaranty of payment, and (iii) is and shall continue to be in full force and effect in accordance with its terms. Nothing contained herein to the contrary shall release, discharge, modify, change or affect the original liability of
the Foreign Guarantors under the Foreign Guaranty. 
 [Signature Pages Follow] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to Amended and
Restated Credit Agreement to be duly executed as of the date first above written. 
  

			
	MOHAWK INDUSTRIES, INC.
		
	By:	 	/s/ Shailesh Bettadapur
	Name:	 	Shailesh Bettadapur
	Title:	 	Vice President and Treasurer
	
	ALADDIN MANUFACTURING CORPORATION
		
	By:	 	/s/ Shailesh Bettadapur
	Name:	 	Shailesh Bettadapur
	Title:	 	Vice President and Treasurer
	
	DAL-TILE DISTRIBUTION, INC.
		
	By:	 	/s/ Shailesh Bettadapur
	Name:	 	Shailesh Bettadapur
	Title:	 	Vice President and Treasurer
	
	MOHAWK UNITED INTERNATIONAL B.V.
		
	By:	 	/s/ Shailesh Bettadapur
	Name:	 	Shailesh Bettadapur
	Title:	 	authorized representative

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
							
	MOHAWK FOREIGN HOLDINGS S.À R.L.
				
	By:	 	/s/ Andrew Smith	 		 	/s/ Cornelius Martinus Verhaaren
	Name:	 	Andrew Smith	 		 	Cornelius Martinus Verhaaren
	Title:	 	Class B Manager	 		 	Class A Manager
	
	MOHAWK INTERNATIONAL HOLDINGS S.À R.L.
				
	By:	 	/s/ Andrew Smith	 		 	/s/ Cornelius Martinus Verhaaren
	Name:	 	Andrew Smith	 		 	Cornelius Martinus Verhaaren
	Title:	 	Class B Manager	 		 	Class A Manager
	
	UNILIN BVBA
				
	By:	 	/s/ Shailesh Bettadapur	 		 	
	Name:	 	Shailesh Bettadapur	 		 	
	Title:	 	Authorized Representative	 		 	
	
	MOHAWK FOREIGN FUNDING S.À R.L.
				
	By:	 	/s/ Andrew Smith	 		 	/s/ Cornelius Martinus Verhaaren
	Name:	 	Andrew Smith	 		 	Cornelius Martinus Verhaaren
	Title:	 	Class B Manager	 		 	Class A Manager

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
	
	 Executed by Premium Floors Australia Pty Ltd

	
	/s/ Shailesh Bettadapur
	Signature of company secretary/director
	
	Shailesh Bettadapur
	Full name of company secretary/director

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, as Swing Line Lender, as an L/C Issuer and as a Lender
		
	By:	 	/s/ Kay Reedy
	Name:	 	Kay Reedy
	Title:	 	Managing Director

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	BANK OF AMERICA, N.A., as an L/C Issuer and as a Lender
		
	By:	 	/s/ David McCauley
	Name:	 	David McCauley
	Title:	 	Senior Vice President

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	JPMORGAN CHASE BANK, N.A., as an L/C Issuer and as a Lender
		
	By:	 	 /s/ John A. Horst

	Name:	 	John A. Horst
	Title:	 	Executive Director

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	 /s/ Craig J. Malloy

	Name:	 	Craig J. Malloy
	Title:	 	Director

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	SUNTRUST BANK, as a Lender
		
	By:	 	/s/ Elizabeth Tallmadge
	Name:	 	Elizabeth Tallmadge
	Title:	 	Managing Director

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	FIFTH THIRD BANK, as a Lender
		
	By:	 	/s/ Jonathan H. James
	Name:	 	Jonathan H. James
	Title:	 	Senior Vice President

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	MIZUHO BANK, LTD., as a Lender
		
	By:	 	/s/ Donna DeMagistris
	Name:	 	Donna DeMagistris
	Title:	 	Authorized Signatory

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	PNC BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	/s/ Robb Hoover
	Name:	 	Robb Hoover
	Title:	 	Vice President

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
		
	By:	 	/s/ Ravneet Mumick
	Name:	 	Ravneet Mumick
	Title:	 	Director

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	U.S. BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	/s/ Kara Van Duzee
	Name:	 	Kara Van Duzee
	Title:	 	Vice President

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	BRANCH BANKING & TRUST COMPANY, as a Lender
		
	By:	 	/s/ Robert T. Barnaby
	Name:	 	Robert T. Barnaby
	Title:	 	Senior Vice President

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	HSBC BANK USA, N.A., as a Lender
		
	By:	 	/s/ Devin Moore
	Name:	 	Devin Moore
	Title:	 	Vice President

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	ING BANK, N.V., DUBLIN BRANCH, as a Lender
		
	By:	 	/s/ Sean Hassett
	Name:	 	Sean Hassett
	Title:	 	Director
	
		
	By:	 	/s/ Shaun Hawley
	Name:	 	Shaun Hawley
	Title:	 	Vice President

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	KBC BANK N.V., as a Lender
		
	By:	 	/s/ Lars Wallin
	Name:	 	Lars Wallin
	Title:	 	Director
		
	By:	 	/s/ Tom Lalli
	Name:	 	Tom Lalli
	Title:	 	Managing Director

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit Agreement 

 
			
	SYNOVUS BANK, as a Lender
		
	By:	 	/s/ John R. Frierson
	Name:	 	John R. Frierson
	Title:	 	Senior Vice President

  
 Mohawk Industries,
Inc. 
 Signature Pages 

Amendment No. 1 to Amended and Restated Credit AgreementEX-10.1

 EXHIBIT 10.1 

FRAMEWORK AGREEMENT 
 for
Potential Restart of the mPower Development Program 
 This Framework Agreement is entered into by and among BWXT Modular Reactors, LLC
(“BMR”) and BWX Technologies, Inc. (“BWXTI”) (BMR and BWXTI collectively “BWXT”) and BDC NexGen Power LLC (“BNGP”) and Bechtel Power Corporation (“BPC”) (BNGP and BPC collectively
“Bechtel”) (BMR and BNGP collectively the “Members”) (all four entities collectively the “parties” and individually a “party”). The effective date of this Framework Agreement is defined in Section 4.c.i.
below. 
  

	1.	BASIC TENETS 

 BWXT and Bechtel are entering into this Framework Agreement to implement
the following basic tenets: 
  

	 	a.	Bechtel will attempt to secure third-party funding to complete development of the mPower Plant design sufficient to achieve design certification (“DC”) by the U.S. Nuclear Regulatory Commission
(“NRC”). 

  

	 	b.	If Bechtel determines that adequate third-party funding may be available, the parties will negotiate new and amended agreements among the parties and funding participants to provide for a restructuring and restart of
the mPower Plant development effort, with Bechtel taking over management of the Program from BWXT. 

  

	 	c.	Bechtel will have the right to determine in its sole discretion whether or not the Program should be restarted. 

  

	 	d.	If the Program is restarted, BWXT will contribute $60 million of design services on an in-kind basis. 

  

	 	e.	If after 12 months Bechtel determines that the Program will not be restarted, BWXT will pay Bechtel $30 million to settle all claims, disputes or issues under the Generation mPower LLC (“GmP”) Limited
Liability Company Agreement (the “Operating Agreement”) and related ancillary agreements. 

  

	2.	SEARCH FOR FUNDING TO COMPLETE DEVELOPMENT 

  

	 	a.	Fundraising Activities and Fundraising Period. Bechtel will undertake such actions as Bechtel in good faith deems in its sole discretion to be appropriate to attempt to secure funding from governmental and
private sources to take the mPower Plant development through DC (the “Fundraising Activities). Such Fundraising Activities as Bechtel decides to undertake will be carried out during a period of twelve (12) months following the Effective
Date, except as that period may be extended by mutual agreement of BWXTI and BPC (the “Fundraising Period”). 

	 	i.	It is contemplated that the Fundraising Activities will include approaches to (i) the U.S. Department of Energy (“DOE”); (ii) a potential private sector development partner; (iii) the Tennessee
Valley Authority (“TVA”); (iv) nuclear owner/operators other than TVA; and (v) the U.K. Government. 

  

	 	ii.	For each of the above-listed potential participants in a restarted Program, Bechtel will prepare an engagement plan outlining what Bechtel intends to do. Bechtel will review each engagement plan with BWXT for BWXT
input, and will modify the engagement plan as Bechtel deems appropriate based on BWXT’s input. 

  

	 	iii.	Bechtel will include BWXT representatives in Fundraising Activities as Bechtel deems desirable. 

  

	 	iv.	BWXT will provide commercially reasonable technical support to Bechtel’s Fundraising Activities upon request. Each party will bear its own costs of Fundraising Activities and technical support to Fundraising
Activities. 

  

	 	v.	Bechtel will keep BWXT informed of the status of Fundraising Activities. Bechtel will invite BWXT representatives to meet on a quarterly basis during the Fundraising Period to review the Fundraising Activities.

  

	b.	Technical Activities. During the Fundraising Period BPC and BWXT mPower, Inc. (“BWXmP”) may carry out, on a coordinated basis, such DC-focused design activities and Program planning activities as they
may agree upon and as will assist in attracting funding for a restarted Program. 

  

	c.	Operating Agreement During the Fundraising Period. The Members hereby authorize Bechtel to carry out the Fundraising Activities and otherwise further the objectives of this Framework Agreement during the
Fundraising Period. The Operating Agreement is hereby amended as follows during the Fundraising Period: 

  

	 	i.	Neither Member shall take any action under the Operating Agreement during the Fundraising Period inconsistent with this Framework Agreement, nor cause or permit GmP to do so. 

 

	 	ii.	The provisions relating to Board decision-making are suspended. Any action to be taken or communication to be made by GmP during the Fundraising Period, by the CEO or any other representative, will be taken or made only
after approval by both Members. 

  
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	 	iii.	The provisions of Exhibits A and B (relating to Member funding of GmP) are suspended during the Fundraising Period. 

  

	3.	RESTART SCENARIO 

  

	 	a.	Amended Agreements for Program Restart. If during the Fundraising Period Bechtel determines in its sole discretion that adequate funding may be available to restart the Program, the parties will negotiate and
enter into an amended Operating Agreement and amended related agreements and such additional agreements as may be required to reflect the requirements of the Program and its funding participants going forward. Such agreements will be finalized and
executed before the end of the Fundraising Period. 

  

	 	b.	BMR Contribution. Under the amended Operating Agreement, BMR will contribute funding in the form of $60 million for BWXmP services in support of the DC development effort, on an in-kind basis, in an amount not to
exceed $12 million per year. Such services as BWXmP may perform at its risk during the Fundraising Period, if previously accepted by BPC in writing in accordance with Section 2.b herein, will be credited against such BMR funding obligation and
deducted from the last year of such obligation if the Program is restarted. Not later than thirty (30) days after the Effective Date, BWXTI and BPC will agree on the labor rates at which BWXmP’s services will be credited.

  

	 	c.	Principles for the Amended Operating Agreement. The parties intend that the amended Operating Agreement and amended related agreements contemplated in subsection a. above will include terms incorporating the
principles set forth in Appendix C, subject to negotiations with new funding participants. 

  

	 	d.	Effect of Restart. When the amended Operating Agreement and other agreements contemplated in subsection a. above are executed and become effective the Settlement Amount (defined in Section 4 below) will not
be payable, and Bechtel will return to BWXTI the Letter of Credit (defined in Section 4 below). 

  

	4.	SETTLEMENT SCENARIO 

  

	 	a.	Bechtel Determination Not to Restart the Program. If Bechtel determines in its sole discretion that the Program should not be restarted, then: 

 

	 	i.	Bechtel will notify BWXTI of such determination, but Bechtel will not be entitled to make such notification before the end of the Fundraising Period; 

 

	 	ii.	Upon Bechtel’s notification to BWXTI of such determination, BPC will be entitled to payment of Thirty Million Dollars ($30,000,000.00) as a settlement amount (the “Settlement Amount”) as provided in this
Section; 

  
 3 

	 	iii.	The Program will be deemed terminated by mutual Member consent, and the Program reconstitution provisions of Section D.10 of the Operating Agreement will not apply; and 

 

	 	iv.	The Operating Agreement and related agreements will be wound up, and no party or its Affiliates will be restricted by obligations of exclusivity. 

 

	 	b.	Payment of the Settlement Amount. If Bechtel becomes entitled to be paid the Settlement Amount under Section 4.a., BWXTI will pay the Settlement Amount to BPC, without setoff or deduction, within fifteen
(15) days of BPC’s demand therefor. Upon BPC’s receipt of such payment, BPC will return to BWXTI the original of the Letter of Credit (defined below). 

 

	 	c.	Letter of Credit. To secure payment of the Settlement Amount, BWXTI will arrange for BNP Paribas or other BWXTI bank acceptable to BPC to issue a standby letter of credit for BPC’s benefit in the amount of
Thirty Million Dollars ($30,000,000.00) in the form attached as Appendix A (the “Letter of Credit”). 

  

	 	i.	BWXTI will have the Letter of Credit issued contemporaneously with the execution of this Framework Agreement. This Framework Agreement will become effective only if and when BPC receives the Letter of Credit, and the
date of such receipt by BPC will be the “Effective Date” of this Framework Agreement. 

  

	 	ii.	BPC will reimburse BWXTI for fifty percent (50%) of the cost of the Letter of Credit as invoiced by the issuing bank. 

  

	 	iii.	The Letter of Credit will have an initial term expiring not less than thirteen (13) months after the Effective Date. 

  

	 	d.	Draw on the Letter of Credit. In the event the condition entitling Bechtel to be paid the Settlement Amount (Section 4.a. above) has been met, and BWXTI has not paid BPC the Settlement Amount within fifteen
(15) days of BPC’s demand therefor (Section 4.b. above), BPC will be entitled to draw on the Letter of Credit in an amount equal to the Settlement Amount. 

 

	 	e.	Extension of the Term of the Letter of Credit. If the parties desire to extend the term of the Fundraising Period, agreement on such an extension will only be effective if BPC has received an extension of the
Letter of Credit for a period of time at least equal to the extension period agreed for the Fundraising Period. 

  

	 	f.	Protections Against Wrongful Draw. Bechtel understands and acknowledges the sensitivity to BWXTI of the potential that BPC could draw wrongfully on the Letter of Credit. BPC represents that it is BPC’s
solemn intent not to abuse such power. Accordingly BPC undertakes as follows: 

  
 4 

	 	i.	BPC will only draw on the Letter of Credit, if at all, in compliance with the provisions of this Section 4. 

  

	 	ii.	BPC will not make a draw on the Letter of Credit unless the internal decision to make such a draw has been personally approved by the President of BPC and concurred in by the Principal Counsel of BPC. 

 

	 	iii.	If BPC decides to draw on the Letter of Credit, BPC will communicate such decision to the CEO or General Counsel of BWXTI not less than five (5) days in advance of such draw. 

 

	 	iv.	The BPC officer executing the draw certificate will be at the rank of at least Senior Vice President. 

  

	 	g.	Consequences of Wrongful Draw. In the event BPC makes a draw on the Letter of Credit in violation of the terms of this Section 4, such draw will be considered a wrongful draw and a material breach by Bechtel
of a material obligation under this Framework Agreement. In such case BWXTI will be entitled to all remedies available at law. If in such event BWXTI pursues judicial remedies and prevails against BPC in judicial proceedings, then in addition to the
damages available at law, BPC will be liable to BWXTI for (i) interest on such amount from the date of draw to the date paid to BWXTI, calculated on a daily basis at the rate of 18%/annum (or the maximum amount otherwise allowed by law), and
(ii) BWXTI’s reasonable legal costs and expenses incurred in connection with such proceedings. 

  

	5.	MISCELLANEOUS 

  

	 	a.	Defined Terms. Capitalized terms used in this Framework Agreement and not expressly defined herein have the meanings set forth in the Operating Agreement. 

 

	 	b.	Relationship to the Operating Agreement. If any provision of this Framework Agreement conflicts with any provision of the Operating Agreement or any related ancillary agreement, the provision of this Framework
Agreement will take precedence as if it constituted an amendment to the Operating Agreement or such related ancillary agreement. 

  

	 	c.	Confidentiality. Exchange of Confidential Information under and in connection with this Framework Agreement will be governed by the provisions of Exhibit F (Confidential Information) of the Operating Agreement.

  
 5 

	 	d.	Publicity. Section 13.9 (Publicity) of the Operating Agreement will apply to the parties with respect to this Framework Agreement and actions taken and communications made under it; provided, however, the
preceding shall not prohibit BWXTI from making such announcement, statement or other disclosure as may be required by SEC or stock exchange rules. 

  

	 	e.	Governing Law and Dispute Resolution. Section 17.3 (Governing Law) and Exhibit E (Dispute Resolution) of the Operating Agreement will apply to this Framework Agreement and any disputes that may arise under
or in connection with it; provided that the provisions of Sections E.2 (Management Negotiation) and E.3 (Mediation) shall not apply to a dispute over BPC’s right to draw on the Letter of Credit as provided in Section 4 above.

  

	 	f.	Limitation of Liability. Notwithstanding any other provision of this Framework Agreement, no party or any of its Affiliates will be liable to the Company or to any other party or any of its Affiliates for any
consequential, incidental, punitive, exemplary, or indirect damages claimed or incurred under or in connection with this Framework Agreement, including but not limited to lost profits, loss of revenue, loss of use, loss of goodwill, loss of
opportunity, loss of or adverse effect on or liability under a third-party contract, loss of data, cost of capital, costs of business interruption, governmental penalties or sanctions, claims of customers, or other similar economic losses or
damages, and each party hereby releases the other parties and their respective Affiliates from any and all such liability. The preceding sentence applies without regard to the cause or basis of any claim, and whether a claim is asserted in contract,
tort, negligence, misrepresentation (including negligent misrepresentation), strict liability, statutory liability, indemnity, or pursuant to any other theory of liability, even in the event of the fault, negligence (in whole or in part), or strict
liability of, or breach of contract by, a Person whose liability is limited by this Section 5.f. 

  

	 	g.	Implementation. This Framework Agreement may be supplemented or implemented as BWXTI and BPC may agree in writing. 

  

	 	h.	Release and Waiver of Claims/Disputes. On the Effective Date of this Framework Agreement the reciprocal Releases and Waivers among the parties with respect to all disputed issues and claims arising under the
Operating Agreement and related ancillary agreements up to the date the Bechtel parties signed the Framework Agreement, set forth in Appendix B, will become effective. 

  
 6 

	 	i.	Exclusive Remedy. Bechtel’s receipt of the Settlement Amount will be BWXT’s sole liability and Bechtel’s exclusive remedy against BWXT with respect to all issues and claims arising under the
Operating Agreement and related ancillary agreements and for any breach, non-performance or non-fulfillment by BWXT of the terms of this Framework Agreement. 

In witness whereof the parties hereby execute this Framework Agreement, effective as of the Effective Date as defined in Section 4.c.i. above. 

 

									
	BWXT MODULAR REACTORS, LLC	 		 	BDC NEXGEN POWER LLC
					
	By:	 	 /s/ William A. Foxx, III
	 		 	By:	 	 /s/ Kevin A. Carter

	Name:	 	William A. Fox, III	 		 	Name:	 	Kevin A. Carter
	Title:	 	President	 		 	Title:	 	Vice President
	Date:	 	March 2, 2016	 		 	Date:	 	March 2, 2016
			
	BWX TECHNOLOGIES, INC.	 		 	BECHTEL POWER CORPORATION
					
	By:	 	 /s/ Peyton S. Baker
	 		 	By:	 	 /s/ Tyrone P. Troutman, Jr.

	Name:	 	Peyton S. Baker	 		 	Name:	 	Tyrone P. Troutman, Jr.
	Title:	 	President & Chief Executive Officer	 		 	Title:	 	President
	Date:	 	March 2, 2016	 		 	Date:	 	March 2, 2016

  
 7 

 APPENDIX A 

FORM OF LETTER OF CREDIT 

[Bank Letterhead] 
 Irrevocable
Standby Letter of Credit No.                  
 Bechtel Power
Corporation 
 12011 Sunset Hills Road, Suite 110 
 Reston,
Virginia 20190 
 By order of the Applicant, BWX Technologies, Inc., we hereby open our irrevocable Standby Letter of Credit No.
                 (the “Letter of Credit”) in your favor for a maximum aggregate amount not to exceed Thirty Million U.S. Dollars (US$30,000,000.00)
relative to that certain Framework Agreement for Potential Restart of the mPower Development Program among you and the Applicant (the “Agreement”). 

Funds under this Letter of Credit are available to you at our counters at [Issuing Bank to insert its office location] against your sight draft(s)
drawn on us, mentioning thereon our Letter of Credit No.                 . Each such draft must be accompanied by this original Letter of Credit and all
amendments thereto and a certificate signed by a purported authorized officer in the form attached hereto as Attachment A. 
 All fees associated with this
Letter of Credit are payable by the Applicant. 
 This Letter of Credit shall expire upon our receipt of your signed notice to cancel the instrument or
[date not later than 13 months following the Agreement Effective Date], whichever shall first occur. 
 Any references to the Agreement are for
informational purposes only and the terms and conditions of same are not incorporated nor made part of this Letter of Credit. 
 This Letter of Credit is
subject to the Uniform Customs and Practice for Documentary Credits, 2007 Revision, International Chamber of Commerce Publication No. 600, and to the extent not inconsistent therewith, in accordance with the laws of New York. 

Address all drafts, documentation and correspondence regarding this Letter of Credit to the attention of [Issuing Bank to insert its appropriate
department] at the above-mentioned address, mentioning specifically our Credit No.                 . 

ALL DOCUMENTS MUST BE PRESENTED TO OUR OFFICE LOCATED AT BNP PARIBAS, C/O BNP PARIBAS RCC, INC., NEWPORT TOWER, 525 WASHINGTON BOULEVARD, SUITE 188, JERSEY
CITY, NJ 07310, ATTN: TRADE FINANCE. 

  
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 Certain administrative services for BNP Paribas may be provided by BNP Paribas RCC, Inc., BNP Paribas, through
its Canada Branch, or any direct or indirect majority owned subsidiary of BNP Paribas. 
 BNP PARIBAS 

BY: BNP PARIBAS RCC, INC., AS AUTHORIZED AGENT 
  

					
	BY:                                     
                    	 	BY:                                     
                    	 	
	            AUTHORIZED SIGNATURE	 	            AUTHORIZED SIGNATURE	 	

  
 9 

 (Appendix A, cont.) 

Attachment A to Irrevocable Standby Letter of Credit
#                         

Form of Draw Certificate 
 Reference is made to
Irrevocable Standby Letter of Credit #                         (the “Letter of Credit”) issued to Bechtel Power
Corporation (“Beneficiary”) by [name of issuing Bank] (the “Issuer”). Capitalized terms used herein and not defined herein have the respective meanings set forth in the Letter of Credit. 

The undersigned hereby certifies to the Issuer as follows: 
  

	 	(1)	The undersigned is the [title] of Beneficiary and is duly authorized by Beneficiary to execute and deliver this Certificate on behalf of Beneficiary. 

 

	 	(2)	Beneficiary submits this Certificate to the Issuer in connection with a drawing by Beneficiary under the Letter of Credit in the amount of [amount of draw in words] U.S. Dollars ($[amount of draw in
numbers]) (the “Draw Amount”), which is not in excess of the Available Amount under the Letter of Credit. 

  

	 	(3)	Beneficiary is entitled to draw the Draw Amount because the Draw Amount equals the amount currently due and owing to Beneficiary by BWX Technologies, Inc. (“Applicant”) under the terms of that certain
Framework Agreement dated as of [effective date of Framework Agreement] (the “Agreement”). 

  

	 	(4)	Beneficiary has met all the conditions in the Agreement, including all notice and internal approval requirements, on (a) Beneficiary’s entitlement to receive payment of the Draw Amount from Applicant, and
(b) Beneficiary’s right to draw the Draw Amount under the Letter of Credit. 

  

	 	(5)	Beneficiary has made demand for payment on Applicant for the Draw Amount in accordance with the terms of the Agreement, and Applicant has not paid such amount to Beneficiary in accordance with the terms of the Agreement
as of the date hereof. 

  

			
	By:	 	  

	Name:	 	[printed name of person signing]
	Title:	 	[title of person signing]
		 	Bechtel Power Corporation
	Date:	 	[date signed]

  
 10 

 APPENDIX B 

RECIPROCAL RELEASES AND WAIVERS 
  

	1.	Reference is made to the Framework Agreement for Potential Restart of the mPower Development Program among BWXT Modular Reactors, LLC (“BMR”), BWX Technologies, Inc. (“BWXTI”), BDC NexGen Power LLC
(“BNGP”), and Bechtel Power Corporation (“BPC”) (the “Framework Agreement”). The releases and waivers set forth in this Appendix B to the Framework Agreement will become effective immediately upon the Effective Date of
the Framework Agreement. 

  

	2.	Reference is also made to the following agreements: 

  

	 	a.	Limited Liability Company Agreement of Generation mPower LLC (“GmP”) dated as of February 28, 2011, as amended, between BMR and BNGP (the “GmP Operating Agreement”). 

 

	 	b.	Cooperation Agreement dated as of February 28, 2011 among BPC, Bechtel Development Company, Inc., and Babcock & Wilcox Nuclear Energy, Inc. (the “Cooperation Agreement”). 

 

	 	c.	The other agreements listed in Section E. of the Cooperation Agreement (such agreements together with the Cooperation Agreement itself the “related ancillary agreements”). 

Capitalized terms used in this Appendix B and not expressly defined herein have the meanings set forth in the Framework Agreement or the GmP
Operating Agreement. 
  

	3.	Correspondence during 2015 between BMR and BNGP established three issues of dispute under the GmP Operating Agreement relating to the interpretation of Sections D.1, D.2, D.3, and D.4 of the GmP Operating Agreement (the
“Disputes”). 

  

	4.	BNGP hereby waives any rights it may have arising prior to the date the Bechtel parties signed the Framework Agreement (a) to terminate the mPower development and deployment Program under the terms of Sections D.1
or D.2 of the GmP Operating Agreement or (b) to withdraw as a Member of GmP under the terms of Sections D.3 or D.4 of the GmP Operating Agreement. This waiver includes but is not limited to the rights asserted by BNGP as part of the Disputes.

  

	5.	 BNGP and BPC (the “Bechtel Parties”) irrevocably release, acquit, and forever discharge BMR, BWXTI, their Affiliates, and GmP, and their
respective shareholders, members, directors, officers, employees, agents, and representatives (the “BWXT Released Persons”) from any and all claims or liability of any kind and nature, at law or in equity, known and unknown, that the
Bechtel Parties ever had, 

  
 11 

	 	
now have, or may have in the future against any of the BWXT Released Persons arising under or in any way related to the GmP Operating Agreement or related ancillary agreements based on acts or
omissions occurring prior to the date the Bechtel Parties signed the Framework Agreement; provided, however, that nothing in this general release shall operate to release any of the BWXT Released Persons from its obligations under (a) the
Framework Agreement, or (b) the Professional Services Contract between GmP and BPC for the TVA Clinch River Early Site Permit Application Project, or (c) Section 12 (Indemnification) of the Cooperation Agreement.

  

	6.	BMR hereby waives any rights it may have arising prior to the date the BWXT parties signed the Framework Agreement (a) to terminate the mPower development and deployment Program under the terms of Sections D.1 or
D.2 of the GmP Operating Agreement or (b) to cause BNGP’s withdrawal as a Member of GmP under the terms of Section D.5 of the GmP Operating Agreement. This waiver includes but is not limited to the rights asserted by BMR as part of the
Disputes. 

  

	7.	BMR, BWXTI, and BWXTI on behalf of BWXT Nuclear Energy, Inc. and BWXT mPower, Inc. (the “BWXT Parties”) irrevocably release, acquit, and forever discharge BNGP, BPC, and their Affiliates, and their respective
shareholders, members, directors, officers, employees, agents, and representatives (the “Bechtel Released Persons”) from any and all claims or liability of any kind and nature, at law or in equity, known and unknown, that the BWXT Parties
ever had, now have, or may have in the future against any of the Bechtel Released Persons arising under or in any way related to the GmP Operating Agreement or related ancillary agreements based on acts or omissions occurring prior to the date the
BWXT Parties signed the Framework Agreement; provided, however, that nothing in this general release shall operate to release any of the Bechtel Released Persons from its obligations under (a) the Framework Agreement, or (b) the
Professional Services Contract between GmP and BPC for the TVA Clinch River Early Site Permit Application Project, or (c) Section 12 (Indemnification) of the Cooperation Agreement. 

  
 12

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