Document:

int_Ex10_25

		
			Exhibit 10.25
		

		
			 
		

		
			November 24, 2015
		

		
			 
		

		
			 
		

		
			Re:  Amendment to Restricted Stock Units
		

		
			 
		

		
			 
		

		
			Dear _____________,
		

		
			 
		

		
			This letter amends the terms of the restricted stock units granted to you in 2013 and 2014 (the “Restricted Stock Units”) by World Fuel Services Corporation (the “Company”) under the World Fuel Services Corporation 2006 Omnibus Plan, as amended and restated (the “Plan”).  All capitalized terms used in this amendment but not otherwise defined herein will have the same meaning as defined in the Plan.  This amendment will become effective immediately upon execution by both parties (the “Effective Date”). 
		

		
			 
		

		
			1.Cash Dividends.    Notwithstanding anything to the contrary set forth in the agreements governing the Restricted Stock Units (the “RSU Agreements”), the following terms and conditions shall apply to cash dividends paid by the Company with respect to its Shares from and after the Effective Date:
		

		
			As of each date on which the Company pays a cash dividend with respect to its Shares, the Company shall credit to a bookkeeping account (the “Cash Account”) for you an amount equal to the cash dividends that would have been payable with respect to the Shares corresponding to the Restricted Stock Units as if those Shares had been issued and outstanding as of the dividend payment date, so long as you have not forfeited such Restricted Stock Units as provided herein.  The cash dividends credited to the Cash Account during a given calendar year shall be distributed to you as soon as practicable following the end of such calendar year and in no event later than March 15 of the calendar year following the calendar year in which cash dividends were credited to the Cash Account; provided,  however, that, in the event you cease to be a member of the Board for any reason prior to the date on which the Cash Account is distributed, the portion of the Cash Account attributable to any Restricted Stock Units that are or become vested in connection with such cessation of service shall be distributed to you (or your estate), within 30 days following the date of such cessation of service, and the remainder of the Cash Account shall be forfeited.
		

		
			2.Full Force and Effect.  Except as specifically set forth herein, this amendment shall not, by implication or otherwise, alter, amend or modify in any way any terms of the RSU Agreements, all of which shall continue in full force and effect.
		

		
			3.Governing Law/Jurisdiction.    The validity and effect of this amendment shall be governed by and construed and enforced in accordance with the laws of the State of Florida, without regard to any conflict-of-law rule or principle that would give effect to the laws of another jurisdiction.   Any dispute, controversy, or question of interpretation arising under, out of, in connection with, or in relation to the RSU Agreements or any amendments thereof, or any breach or default hereunder, shall be submitted to, and determined and settled by, litigation in the state or federal courts in 
		

		
			
		

		 

 

		
			Miami-Dade County, Florida.  Each of the parties hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in Miami-Dade County, Florida.  Each party hereby irrevocably waives, to the fullest extent it may effectively do so, the defense of an inconvenient forum to the maintenance of any litigation in Miami-Dade County, Florida.
		

		
			4.Counterparts.  This amendment may be executed in any number of counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same instrument.
		

		
			5.Entire Agreement.  This amendment, together with the RSU Agreements and the Plan, contains the entire agreement between you and the Company concerning the subject matter hereof and supersedes all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between you and the Company with respect hereto.
		

		
			 
		

		
			November 24, 2015WORLD FUEL SERVICES CORPORATION
		

			
					
						 

				
	
					
						By:  

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Name:    

				
	
					
						 

					
					
						Title:    

				

		
			ACCEPTED AND AGREED,  
		

			
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						 

				

		
			 
		

		 

		

			2Exhibit

Exhibit 10.12

The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, 
as Administrative Agent
1251 Avenue of the Americas
New York, New York 10020-1104

December 28, 2015
Computer Sciences Corporation
3170 Fairview Park Drive
Falls Church, VA 22042

CSC Government Solutions LLC
3170 Fairview Park Dr.
Falls Church, VA 22042

CSRA Inc. (f/k/a Computer Sciences Government Services Inc.) 
3170 Fairview Park Dr.
Falls Church, VA 22042

Re:        Termination of CSC Guaranty 

Ladies and Gentlemen:
Please refer to (i) the Second Amended and Restated Master Accounts Receivable Purchase Agreement, dated as of October 1, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), among CSC GOVERNMENT SOLUTIONS LLC, a Nevada limited liability company (“CSC Solutions”), COMPUTER SCIENCES CORPORATION, a Nevada corporation (“CSC”) (each, a “Seller”, and collectively, the “Sellers”), each PURCHASER party thereto and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH (“BTMUNY”), as administrative agent for the Purchasers (the “Administrative Agent”) and (ii) the Amended and Restated Guaranty, dated as of August 20, 2015, (as amended, restated, supplemented or otherwise modified from time to time, the “CSC Guaranty”) by CSC in favor of the Administrative Agent, for the benefit of the Purchasers.  Capitalized terms used but not defined herein have the respective meanings set forth in the Agreement.

By their execution and delivery of this letter agreement, CSC and CSC Solutions hereby (i) certify to the Administrative Agent and the Purchasers that the Spin-Off has occurred on the terms described in the Agreement, (ii) confirm their request, in accordance with Section 14.25 of the Agreement, that the Administrative Agent terminate the CSC Guaranty, (iii) certify to the Administrative Agent and the Purchasers that, in accordance with  Section 14.23 of the Agreement, CSC has permanently ceased selling Eligible Receivables to the Administrative Agent (on behalf of the Purchasers) and (iv) certify that pursuant to such Section 14.23 of the Agreement, until such time as the Administrative Agent (for the benefit of the Purchasers) has received all Collections to which it is entitled in respect of the Purchased Receivables originated by CSC, CSC shall remain as a Seller for all purposes under the Agreement. 

In reliance on the certification of CSC and CSC Solutions above, the Administrative Agent (i) hereby terminates the CSC Guaranty and agrees that the CSC Guaranty shall be of no further force or effect, except with respect to provisions therein which by their terms survive the termination thereof, (ii) confirms that the CSC Guaranty Termination Date has occurred, (iii) waives the requirement under Section 14.25 of the Agreement for CSC to formally request a termination of the CSC Guaranty and (iv) waives the five Business Day notice requirement under Section 14.23 of the Agreement for CSC to permanently cease selling Eligible Receivables under the Agreement. 

This letter agreement shall become effective on the date when (i) this letter agreement has been executed and delivered by CSC, CSC Solutions, CSRA Inc., each Purchaser and the Administrative Agent and (ii) the Sellers have 

 

paid all outstanding costs and expenses of the Administrative Agent payable under the Agreement, including, without limitation, all fees and expenses of counsel to the Administrative Agent in connection with the negotiation and documentation of this letter agreement, in each case, to the extent invoiced on or before the date hereof.  Furthermore each Seller agrees jointly and severally to pay such costs and expenses to the extent invoiced at a later date. 
This letter agreement (i) shall be governed by and construed in accordance with the Laws of the State of New York without regard to the principles of conflicts of law thereof (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law), (ii) may be executed in any number of counterparts, and by the different parties thereto on separate counterparts; each such counterpart shall be deemed an original and all of such counterparts taken together shall be deemed to constitute one and the same instrument; a facsimile or electronic copy of an executed counterpart of this Agreement shall be effective as an original for all purposes and (iii) shall constitute the entire agreement between the parties hereto in relation to the matters contemplated hereby, and supersede all previous proposals, agreements and other written and oral communications in relation thereto. This letter agreement is a Purchase Document.
[signatures begin on following page]

2
         Letter Agreement Acknowledging Termination of CSC Guaranty

IN WITNESS WHEREOF, the undersigned has executed this letter agreement as of the date first set forth above.
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Administrative Agent

By:    /s/ Richard Gregory Hurst                
Print Name:    Richard Gregory Hurst            
Title:        Managing Director            

3
         Letter Agreement Acknowledging Termination of CSC Guaranty

Accepted, agreed and consented to as of 
the date first above written:

CSC GOVERNMENT SOLUTIONS LLC,
as Seller and Seller Representative

By:    /s/ Helaine G. Elderkin                
Print Name:    Helaine G. Elderkin            
Title:        Vice President and Secretary        

COMPUTER SCIENCES CORPORATION,
as Seller and Parent Guarantor

By:    /s/ H.C. Charles Diao                    
Print Name:    H.C. Charles Diao            
Title:        Vice President and Treasurer        

CSRA INC. (formerly known as COMPUTER SCIENCES GOVERNMENT SERVICES INC.), as Parent Guarantor

By:    /s/ William G. Leubke                    
Print Name:    William G. Leubke            
Title:        Vice President and Comptroller        

4
         Letter Agreement Acknowledging Termination of CSC Guaranty

Accepted, agreed and consented to as of 
the date first above written:

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Purchaser

By:    /s/ Lillian Kim                    
Print Name:    Lillian Kim                    
Title:        Director                    

THE BANK OF NOVA SCOTIA,
as Purchaser

By:    /s/ Jonathan Khan                    
Print Name:    Jonathan Khan                
Title:        Director, Supply Chain Finance        

MIZUHO BANK, LTD.,
as Purchaser

By:    /s/ David Lim                    
Print Name:    David Lim                    
Title:        Authorized Signatory            

5
         Letter Agreement Acknowledging Termination of CSC Guaranty

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