Document:

Exhibit

Exhibit 10.1
EXECUTION VERSION

	
					
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT
dated as of December 19, 2017
among
SPX CORPORATION,
THE SUBSIDIARY GUARANTORS PARTY HERETO,
DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,
as Foreign Trade Facility Agent,
BANK OF AMERICA, N.A.,
as Administrative Agent,
and
THE LENDERS PARTY HERETO
________________________________
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,
DEUTSCHE BANK SECURITIES INC.,
THE BANK OF NOVA SCOTIA,
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
COMPASS BANK,
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
FIFTH THIRD BANK,
JPMORGAN CHASE BANK, N.A.,
SUMITOMO MITSUI BANKING CORPORATION,
SUNTRUST ROBINSON HUMPHREY, INC.
and
TD BANK, N.A.,
as Joint Lead Arrangers and Joint Bookrunners	
					
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT
THIS SECOND AMENDMENT TO CREDIT AGREEMENT AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT dated as of December 19, 2017 (this “Amendment”) is entered into among SPX Corporation, a Delaware corporation (the “Parent Borrower”), the Subsidiary Guarantors party hereto, the Lenders party hereto, Deutsche Bank AG Deutschlandgeschäft Branch, as Foreign Trade Facility Agent, and Bank of America, N.A., as Administrative Agent.  All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement (as defined below), as amended by this Amendment.
RECITALS
WHEREAS, the Parent Borrower, the Foreign Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party thereto, Deutsche Bank AG Deutschlandgeschäft Branch, as Foreign Trade Facility Agent, and Bank of America, N.A., as Administrative Agent, entered into that certain Credit Agreement dated as of September 1, 2015 (as amended by that certain First Amendment to Credit Agreement, dated as of March 20, 2017, as may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);
WHEREAS, the Parent Borrower and the Subsidiary Guarantors party thereto from time to time entered into that certain Guarantee and Collateral Agreement dated as of September 24, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Guarantee and Collateral Agreement”); and
WHEREAS, the parties hereto agree to amend the Credit Agreement and the Guarantee and Collateral Agreement, in each case as set forth below.
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.    Amendments to the Credit Agreement.  The Credit Agreement is hereby amended as follows:
(a)    In Section 1.1 of the Credit Agreement,
(i)    a proviso is added to the end of the first sentence of the definition of “Alternate Base Rate” to read as follows:
; provided that if the Alternate Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.
(ii)    the second sentence in the definition of “Applicable Percentage” is amended and restated in its entirety to read as follows:
The Applicable Percentage of each Lender party to this Agreement as of the Second Amendment Effective Date is set forth opposite the name of such Lender on Schedule 1.1A.  The initial Applicable Percentage of each Lender that becomes a party to this Agreement after the Second Amendment Effective Date shall be set forth in the Assignment and Assumption or other agreement pursuant to which such Lender becomes a party hereto.

(iii)    the definition of “Applicable Rate” is amended and restated in its entirety to read as follows:
“Applicable Rate”:  (a) with respect to any Loans (other than Incremental Term Loans), Domestic Revolving Commitment Fees, Global Revolving Commitment Fees, Financial Letter of Credit Fees, Non-Financial Letter of Credit Fees, Participation FCI Fees and Participation FCI Commitment Fees for any day, the applicable rate per annum set forth below (based upon the Consolidated Leverage Ratio) opposite the applicable Pricing Tier then in effect:
	
																								
	Pricing Tier
	 
	Consolidated
Leverage Ratio
	 
	Domestic Revolving
Commitment Fee
	 
	Global Revolving
Commitment Fee
	 
	Financial Letter of Credit Fee
	 
	Participation FCI Commitment Fee and Bilateral FCI Commitment Fee
	 
	Participation FCI Fee, Bilateral FCI Fee and Non-Financial Letter of Credit Fee
	 
	Eurocurrency Loans
	 
	ABR Loans

	1
	 
	< 1.50 to 1.0
	 
	0.250
	%
	 
	0.250
	%
	 
	1.375
	%
	 
	0.250
	%
	 
	0.800
	%
	 
	1.375
	%
	 
	0.375
	%

	2
	 
	> 1.50 to 1.0 but 
< 2.25 to 1.0
	 
	0.275
	%
	 
	0.275
	%
	 
	1.500
	%
	 
	0.275
	%
	 
	0.875
	%
	 
	1.500
	%
	 
	0.500
	%

	3
	 
	> 2.25 to 1.0 but
< 3.00 to 1.0
	 
	0.300
	%
	 
	0.300
	%
	 
	1.750
	%
	 
	0.300
	%
	 
	1.000
	%
	 
	1.750
	%
	 
	0.750
	%

	4
	 
	> 3.00 to 1.0
	 
	0.350
	%
	 
	0.350
	%
	 
	2.000
	%
	 
	0.350
	%
	 
	1.250
	%
	 
	2.000
	%
	 
	1.000
	%

(b)    for any Incremental Term Loans, such per annum rates as shall be agreed to by the Parent Borrower and the applicable Incremental Term Lenders as shown in the applicable Incremental Facility Activation Notice; and
(c)    for Bilateral FCIs and Bilateral Joint Signature FCIs for any day, the applicable rate per annum set forth above (based upon the Consolidated Leverage Ratio) opposite the applicable Pricing Tier then in effect (or such other rate as may be agreed in writing from time to time between the Parent Borrower and the applicable Bilateral FCI Issuing Lender).
For purposes of the foregoing, any change in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall be effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 5.1(c); provided that (i) Pricing Tier 4 shall apply at any time that an Event of Default has occurred and is continuing or (ii) at the option of the Administrative Agent or at the request of the Required Lenders, if a Compliance Certificate is not delivered when due in accordance with Section 5.1(c), Pricing Tier 4 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall continue to apply until the first Business Day immediately following the date a Compliance Certificate is delivered in accordance with Section 5.1(c), whereupon the Applicable Rate shall be adjusted based upon the calculation of the Consolidated Leverage Ratio contained in such Compliance Certificate.  The Applicable Rate in effect from the Second Amendment 

3

Effective Date through the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 5.1(c) for the fiscal quarter ending December 31, 2017 shall be determined based upon Pricing Tier 3.  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 2.15(f).
(iv)    the definition of “Bilateral FCI Issuing Commitment” is amended and restated in its entirety to read as follows:
“Bilateral FCI Issuing Commitment”:  with respect to each Bilateral FCI Issuing Lender, the commitment of such Bilateral FCI Issuing Lender to issue Bilateral FCIs, as such commitment may be changed from time to time pursuant to this Agreement.  The Bilateral FCI Issuing Commitment of each Bilateral FCI Issuing Lender party to this Agreement on the Second Amendment Effective Date is set forth opposite the name of such Bilateral FCI Issuing Lender on Schedule 1.1A.  The initial Bilateral FCI Issuing Commitment of each Bilateral FCI Issuing Lender that becomes a party to this Agreement after the Second Amendment Effective Date shall be set forth in the Assignment and Assumption or other agreement pursuant to which such Bilateral FCI Issuing Lender becomes a party hereto.  The aggregate principal amount of the Bilateral FCI Issuing Commitments as of the Second Amendment Effective Date is FIFTY-FIVE MILLION DOLLARS ($55,000,000).
(v)    the definition of “Bilateral FCI Issuing Lender” is amended and restated in its entirety to read as follows:
“Bilateral FCI Issuing Lender”:  (a) a Lender with a Bilateral FCI Issuing Commitment or with FCI Issuing Lender Exposure related to Bilateral FCIs, (b) a Person whose Bilateral FCI Issuing Commitment was terminated pursuant to the terms of Section 2.6(b)(i) but that has issued prior to such termination any Bilateral FCI pursuant to Section 2.6 that continues to remain outstanding following such termination (for which it has not received a Counter-Guarantee or in respect of which the Parent Borrower or other relevant Borrower has not provided Cash Cover (or other credit support) in accordance with Section 2.6(p)(viii), in each case as credit support for such Bilateral FCI, provided that if it has received such a Counter-Guarantee or such Cash Cover (or other credit support) has been provided, it shall continue to have the rights and obligations of a Bilateral FCI Issuing Lender to the extent provided in Section 2.6(b)(i)), and (c) with respect to the Existing FCIs, a Lender designated as the issuer of an Existing FCI that is a Bilateral FCI.
(vi)    the definition of “Consolidated EBITDA” is amended and restated in its entirety to read as follows:
“Consolidated EBITDA”:  for any period, Consolidated Net Income for such period, plus (a) without duplication and to the extent reflected as a charge in the statement of such Consolidated Net Income for such period (except with respect to clauses (a)(xiii) and (a)(xvii) below), the sum of (i) income tax expense, (ii) interest expense, amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other premiums, fees and charges associated with Indebtedness or any Qualified Receivables Transaction, whether in connection with the Incurrence, prepayment, redemption, termination or wind-down thereof or otherwise associated with Indebtedness or any Qualified Receivables 

4

Transaction (including the Loans and net costs under Hedging Agreements), (iii) depreciation and amortization expense, (iv) amortization or write-off of intangibles (including goodwill) and organization costs, (v) any extraordinary or non-recurring non-cash expenses or non-cash losses; provided that in the event that the Parent Borrower or any of its Restricted Subsidiaries makes any cash payment in respect of any such extraordinary or non-recurring non-cash expense, such cash payment shall be deducted from Consolidated EBITDA in the period in which such cash payment is made, (vi) losses on Dispositions of assets outside of the ordinary course of business, (vii) extraordinary or non-recurring cash charges resulting from restructuring, severance, plant-closings, integration and other non-recurring events; provided that the aggregate amount added back to Consolidated EBITDA pursuant to this clause (a)(vii) for any fiscal year shall not exceed (A) $30,000,000, plus (B) the unused amount of permitted add-backs pursuant to this clause (a)(vii) for the immediately preceding fiscal year (it being understood and agreed that the unused amount of permitted add-backs pursuant to this clause (a)(vii) for any fiscal year may only be used in the immediately succeeding fiscal year and not in any subsequent fiscal year), (viii) non-cash compensation expenses and related charges, including non-cash expenses or charges arising from the contribution, sale or other use of stock or stock appreciation or tracking rights, the granting of stock options, the granting of stock appreciation or tracking rights, the granting of restricted stock or restricted stock units  and arrangements similar to any of the foregoing (including any repricing, amendment, modification, substitution or change of any such stock, stock option, stock appreciation or tracking rights, restricted stock or restricted stock units or similar arrangements), (ix) any loss recorded in connection with the designation of a discontinued operation (exclusive of its operating loss), (x) any loss realized upon the sale or other disposition of any Capital Stock of any Person, (xi) any increase in the cost of sales or other write-offs or other increased costs resulting from purchase accounting in relation to any acquisitions net of taxes, (xii) any expense attributable to pension plans and/or post-retirement medical plans to the extent such expense exceeds service cost and amortization of prior service costs /credits attributable to pension plans and/or post-retirement medical plans, (xiii) the aggregate amount of Net Proceeds of liability, casualty or business interruption insurance received by the Parent Borrower or any Restricted Subsidiary during such period, (xiv) director’s fees and reimbursements of reasonable out-of-pocket expenses in connection with attending board of director meetings or other actions for the benefit of the Parent Borrower and its Subsidiaries in an aggregate amount not to exceed $3,000,000 in any four fiscal quarter period, (xv) any non-cash asbestos accrual expenses or losses; provided that in the event that the Parent Borrower or any of its Restricted Subsidiaries makes any cash payment in respect of any such non-cash expense or loss, such cash payment shall be deducted from Consolidated EBITDA in the period in which such cash payment is made, (xvi) reasonable fees, costs and expenses of the Parent Borrower or any of its Restricted Subsidiaries incurred during such period in connection with any Permitted Acquisition or any Disposition permitted pursuant to Section 6.6 (in each case, whether or not consummated); provided that, upon request of the Administrative Agent, the Parent Borrower shall provide reasonably detailed evidence of the amount of any such reasonable fees, costs and expenses added-back pursuant to this clause (a)(xvi) for any period, and (xvii) the amount of net cost savings relating to a Permitted Acquisition which are projected by the Parent Borrower in good faith to be realized within eighteen (18) months after the date of such Permitted Acquisition as a result of actions taken during such period and synergies relating to a Permitted Acquisition which are projected by the Parent Borrower in good faith to be realized within eighteen (18) months after the date of such Permitted Acquisition as a result of actions taken during such period, in each case, net of the amount 

5

of actual benefits realized during such period that are otherwise included in the calculation of Consolidated EBITDA from such actions; provided that (A) such net cost savings and synergies are reasonably identifiable and factually supportable, and (B) the aggregate amount added to Consolidated EBITDA pursuant to this clause (a)(xvii) for any period shall not exceed 7.5% of Consolidated EBITDA (calculated without giving effect to the amounts added to Consolidated EBITDA permitted pursuant to this clause (a)(xvii)), minus, (b) without duplication, to the extent included in the statement of such Consolidated Net Income for such period, (i) any extraordinary or non-recurring non-cash income or non-cash gains, (ii) gains on Dispositions of assets outside of the ordinary course of business, (iii) any gain recorded in connection with the designation of a discontinued operation (exclusive of its operating income), (iv) any gain realized upon the sale or other disposition of any Capital Stock of any Person, (v) any income attributable to pension plans and/or post-retirement medical plans to the extent such income exceeds service cost and amortization of prior service costs/credits attributable to pension plans and/or post-retirement medical plans, and (vi) any non-cash asbestos accrual income or gains.
For the purposes of determining Consolidated EBITDA for any period, the cumulative effect of any change in accounting principles (effected either through cumulative effect adjustment or a retroactive application) shall be excluded.  For the purposes of determining Consolidated EBITDA for any period of four consecutive fiscal quarters (each, a “Reference Period”) pursuant to any determination of the Consolidated Leverage Ratio or the Consolidated Interest Coverage Ratio, if during such Reference Period (or, in the case of pro forma calculations, during the period from the last day of such Reference Period to and including the date as of which such calculation is made) the Parent Borrower or any Restricted Subsidiary shall have made a Material Disposition or Material Acquisition, Consolidated EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Disposition or Material Acquisition occurred on the first day of such Reference Period (with the Reference Period for the purposes of pro forma calculations being the most recent period of four consecutive fiscal quarters for which the relevant financial information is available), without giving effect (unless permitted for pro forma financial statements prepared in accordance with Regulation S-X) to cost savings.  As used in this definition, “Material Acquisition” means any acquisition of property or series of related acquisitions of property that (a) constitutes all or substantially all of the assets of a business, unit or division of a Person or constitutes all or substantially all of the common stock (or equivalent) of a Person and (b) involves Consideration in excess of $5,000,000; and “Material Disposition” means (i) the Balcke Dürr Disposition, and (ii) any other Disposition of property or series of related Dispositions of property that (A) involves all or substantially all of the assets of a business, unit or division of a Person or constitutes all or substantially all of the common stock (or equivalent) of a Restricted Subsidiary and (B) yields gross proceeds to the Parent Borrower or any of its Restricted Subsidiaries in excess of $5,000,000.  Notwithstanding the foregoing, for purposes of calculating Consolidated EBITDA for any period, the amount of Consolidated EBITDA attributable to Non-Subsidiary Joint Ventures for such period in excess of the amount of distributions made by such Non-Subsidiary Joint Ventures to the Parent Borrower or any of its Restricted Subsidiaries during such period shall not exceed ten (10%) percent of total Consolidated EBITDA for such period.

6

(vii)    the definition of “Consolidated Net Income” is amended and restated in its entirety to read as follows:
“Consolidated Net Income”:  for any period, the consolidated net income (or loss) of the Parent Borrower, its Restricted Subsidiaries and its Non-Subsidiary Joint Ventures, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income (or deficit) of any Person accrued prior to the date it becomes a Restricted Subsidiary or Non-Subsidiary Joint Venture of the Parent Borrower or is merged into or consolidated with the Parent Borrower or any of its Restricted Subsidiaries and (b) the income (or deficit) of any Person (other than a Restricted Subsidiary or a Non-Subsidiary Joint Venture of the Parent Borrower) in which the Parent Borrower or any of its Restricted Subsidiaries has an ownership interest, except to the extent that any such income is actually received by the Parent Borrower or such Restricted Subsidiary in the form of dividends or similar distributions.
(viii)    the definition of “Consolidated Total Debt” is amended and restated in its entirety to read as follows:
“Consolidated Total Debt”:  at any date, the sum of (a) the aggregate principal amount of all Indebtedness of the Parent Borrower and its Restricted Subsidiaries at such date (excluding the face amount of undrawn letters of credit, bank undertakings or analogous instruments, and bankers’ acceptance financing, in each case whether or not issued under this Agreement, and other FCIs), determined on a consolidated basis in accordance with GAAP, calculated net of cash and cash equivalents, in an aggregate amount not to exceed $150,000,000, that would (in conformity with GAAP) be set forth on a consolidated balance sheet of the Parent Borrower and its Restricted Subsidiaries as of such date, plus (b) without duplication of amounts included in clause (a) above, an amount equal to the aggregate amount of Receivables Transaction Attributed Indebtedness associated with any Qualified Receivables Transaction which is outstanding at such date.
(ix)    the definition of “Domestic Revolving Commitment” is amended and restated in its entirety to read as follows:
“Domestic Revolving Commitment”:  with respect to each Lender, the commitment, if any, of such Lender to make Domestic Revolving Loans and to acquire participations in Financial Letters of Credit and Swingline Loans hereunder, as such commitment may be changed from time to time pursuant to this Agreement.  The Domestic Revolving Commitment of each Lender party to this Agreement on the Second Amendment Effective Date is set forth opposite the name of such Lender on Schedule 1.1A.  The initial Domestic Revolving Commitment of each Lender that becomes a party to this Agreement after the Second Amendment Effective Date shall be set forth in the Assignment and Assumption or other agreement pursuant to which such Lender becomes a party hereto.  The aggregate amount of the Domestic Revolving Commitments as of the Second Amendment Effective Date is TWO HUNDRED MILLION DOLLARS ($200,000,000).

7

(x)    the definition of “Domestic Revolving Maturity Date” is amended and restated in its entirety to read as follows:
“Domestic Revolving Maturity Date”:  December 19, 2022 (as such date may be extended pursuant to Section 2.1(c)); provided that if such date is not a Business Day, the Domestic Revolving Maturity Date shall be the immediately preceding Business Day. 
(xi)    the definition of “Eurocurrency Rate” is amended by (A) replacing the reference to “Eurocurrency Rate Loan” in the lead-in thereof with “Eurocurrency Loan”, (B) adding “(in consultation with the Parent Borrower)” after the first reference to “Administrative Agent” in each of clauses (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi) thereof, and (C) adding “(in consultation with the Parent Borrower)” after the final reference to “Administrative Agent” in the second proviso of clause (b) thereof.
(xii)    the reference to “Funding Date” in the definition of “Existing FCIs” and in the definition of “Existing Letters of Credit”, in each case, is amended to read “Second Amendment Effective Date”.
(xiii)    the reference to “Effective Date” in the definition of “Foreign Subsidiary Borrower” is amended to read “Second Amendment Effective Date”.
(xiv)    the definition of “Foreign Trade Maturity Date” is amended and restated in its entirety to read as follows:
“Foreign Trade Maturity Date”:  December 19, 2022 (as such date may be extended pursuant to Section 2.6(b) (solely with respect to the extending Lenders under Section 2.6(b)); provided that if such date is not a Business Day, the Foreign Trade Maturity Date shall be the immediately preceding Business Day. 
(xv)    the definition of “Funding Date” is amended and restated in its entirety to read as follows:
“Funding Date”:  the date on which the conditions precedent set forth in Section 4.2 shall be satisfied and the initial funding hereunder shall have occurred, which date is September 24, 2015.
(xvi)    the definition of “Global Revolving Commitment” is amended and restated in its entirety to read as follows:
“Global Revolving Commitment”:  with respect to each Lender, the commitment, if any, of such Lender to make Global Revolving Loans and to acquire participations in Non-Financial Letters of Credit hereunder, as such commitment may be changed from time to time pursuant to this Agreement.  The Global Revolving Commitment of each Lender party to this Agreement on the Second Amendment Effective Date is set forth opposite the name of such Lender on Schedule 1.1A.  The initial Global Revolving Commitment of each Lender that becomes a party to this Agreement after the Second Amendment Effective Date shall be set forth in the Assignment and Assumption or other agreement pursuant to which such Lender becomes a party hereto.  The aggregate amount of the Global Revolving Commitments as of the Second Amendment Effective Date is ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

8

(xvii)    the definition of “Global Revolving Maturity Date” is amended and restated in its entirety to read as follows:
“Global Revolving Maturity Date”:  December 19, 2022 (as such date may be extended pursuant to Section 2.1(d)); provided that if such date is not a Business Day, the Global Revolving Maturity Date shall be the immediately preceding Business Day. 
(xviii)    the reference to “Deutsche Bank, Bank of America and Commerzbank AG, Frankfurt Branch” in clause (d) of the definition of “Issuing Lender” is amended to read “Deutsche Bank, Bank of America and The Bank of Tokyo-Mitsubishi UFJ, Ltd.”.
(xix)    the reference to “Deutsche Bank, Bank of America or Commerzbank AG, Frankfurt Branch” in clause (b) of the definition of “Letter of Credit” is amended to read “Deutsche Bank, Bank of America or The Bank of Tokyo-Mitsubishi UFJ, Ltd.”.
(xx)    the reference to “$50,000,000” in the definition of “Material Indebtedness” is amended to read “$15,000,000”.
(xxi)    the definition of “Obligations” is amended and restated in its entirety to read as follows:
“Obligations”:  the collective reference to the unpaid principal of and interest (and premium, if any) on the Loans, Reimbursement Obligations, Bilateral FCI Reimbursement Obligations and Participation FCI Reimbursement Obligations and all other obligations and liabilities of the Borrowers (including interest accruing at the then applicable rate provided herein after the maturity of the Loans, Reimbursement Obligations, Bilateral FCI Reimbursement Obligations and Participation FCI Reimbursement Obligations and interest accruing at the then applicable rate provided herein after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Borrower or any Subsidiary Guarantor, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to any Agent or any Lender (or, in the case of any Hedging Agreement of any Borrower or any Subsidiary or any Specified Cash Management Agreement, any Lender or any Affiliate of any Lender (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender; provided that, in the case of a Hedging Agreement with a Person who is no longer a Lender (or Affiliate of a Lender), the obligations arising under such Hedging Agreement shall only constitute Obligations through the stated termination date (without extension or renewal) of such Hedging Agreement)), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter Incurred, which may arise under, out of, or in connection with, this Agreement, the other Loan Documents, any Hedging Agreement of any Borrower or any Subsidiary with any Lender or Affiliate of a Lender (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender; provided that, in the case of a Hedging Agreement with a Person who is no longer a Lender (or Affiliate of a Lender), the obligations arising under such Hedging Agreement shall only constitute Obligations through the stated termination date (without extension or renewal) of such Hedging Agreement) or Specified Cash Management Agreement with any Lender or any Affiliate of any Lender (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender), in each case whether on account of principal, interest, premium, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including all fees and disbursements of 

9

counsel to any Agent or to any Lender that are required to be paid by any Borrower or any Subsidiary pursuant to the terms of any of the foregoing agreements); provided, however, that the “Obligations” of a Loan Party shall exclude any Excluded Swap Obligations with respect to such Loan Party.
(xxii)    the definition of “Participation FCI Commitment” is amended and restated in its entirety to read as follows:
“Participation FCI Commitment”:  with respect to each Lender, the obligation of such Lender to purchase participations in each Participation FCI hereunder, as such obligation may be changed from time to time pursuant to this Agreement.  The Participation FCI Commitment of each Lender party to this Agreement on the Second Amendment Effective Date is set forth opposite the name of such Lender on Schedule 1.1A.  The initial Participation FCI Commitment of each Lender that becomes a party to this Agreement after the Second Amendment Effective Date shall be set forth in the Assignment and Assumption or other agreement pursuant to which such Lender becomes a party hereto.  The aggregate amount of the Participation FCI Commitments as of the Second Amendment Effective Date is ONE HUNDRED FORTY-FIVE MILLION DOLLARS ($145,000,000).
(xxiii)    the definition of “Participation FCI Issuing Commitment” is amended and restated in its entirety to read as follows:
“Participation FCI Issuing Commitment”:  with respect to each Participation FCI Issuing Lender, the commitment of such Participation FCI Issuing Lender to issue Participation FCIs, as such commitment may be changed from time to time pursuant to this Agreement.  The Participation FCI Issuing Commitment of each Participation FCI Issuing Lender party to this Agreement on the Second Amendment Effective Date is set forth on Schedule 1.1A.  The initial Participation FCI Issuing Commitment of each Participation FCI Issuing Lender that becomes a party to this Agreement after the Second Amendment Effective Date shall be set forth in the Assignment and Assumption or other agreement pursuant to which such Participation FCI Issuing Lender becomes a party hereto.  The aggregate principal amount of the Participation FCI Issuing Commitments as of the Second Amendment Effective Date is ONE HUNDRED FORTY-FIVE MILLION DOLLARS ($145,000,000).
(xxiv)    the definition of “Participation FCI Issuing Lender” is amended and restated in its entirety to read as follows:
“Participation FCI Issuing Lender”:  (a) a Lender with a Participation FCI Issuing Commitment or with FCI Issuing Lender Exposure related to Participation FCIs, (b) a Person whose Participation FCI Issuing Commitment was terminated pursuant to the terms of Section 2.6(b)(i) or at the election of the Parent Borrower pursuant to the terms of Section 2.9 but that has issued prior to such termination any Participation FCI pursuant to Section 2.6 that continues to remain outstanding following such termination (for which it has not received a Counter-Guarantee or in respect of which the Parent Borrower or other relevant Borrower has not provided Cash Cover (or other credit support) in accordance with Section 2.6(p)(viii), in each case as credit support for such Participation FCI, provided that if it has received such a Counter-Guarantee or such Cash Cover (or other credit support) has been provided, it shall continue to have the rights and obligations of a Participation FCI Issuing 

10

Lender to the extent provided in Section 2.6(b)(i)), (c) any other Lender with a Participation FCI Commitment that becomes a Participation FCI Issuing Lender pursuant to Section 2.6(t), with respect to Participation FCIs issued by it, and (d) with respect to the Existing FCIs, a Lender designated as the issuer of an Existing FCI that is a Participation FCI.
(xxv)    clause (a)(ii)(B) in the first proviso of the definition of “Permitted Acquisition” is amended and restated in its entirety to read as follows:
(B) at the Parent Borrower’s option, determinations of pro forma compliance with the covenants contained in Section 6.1 shall be determined as of the date the Acquisition Agreement is entered into and calculated as if the Limited Condition Acquisition and other pro forma events in connection therewith were consummated on such date (provided that if the Parent Borrower shall elect to determine such compliance on the date on which such Acquisition Agreement is executed and delivered, during the period commencing with the execution and delivery of such Acquisition Agreement and ending on the earlier to occur of (1) the date of consummation of such Limited Condition Acquisition, and (2) the date of abandonment by the Parent Borrower or the applicable Restricted Subsidiary of such Limited Condition Acquisition, each calculation on a pro forma basis required hereunder shall be deemed to require two calculations of each of the relevant covenants set forth in Section 6.1, the first assuming that such Limited Condition Acquisition (and all transactions in connection therewith, including the incurrence of any Incremental Term Loan or any Commitment increase) has been consummated and the second assuming that such transaction has been abandoned, and, for the avoidance of doubt, with respect to any particular transaction for which pro forma compliance is required, each such calculation must demonstrate compliance on a pro forma basis in order for such transaction to be permitted), 
(xxvi)    in the definition of “Prepayment Event,” (A) the reference to “$12,500,000” in clause (a) is amended to read “$25,000,000,” and (B) the semicolon at the end of clause (c) is replaced with a period.
(xxvii)    the definition of “Required Lenders” is amended and restated in its entirety to read as follows:
“Required Lenders”:  at any time, Lenders holding in the aggregate more than 50% of the sum (without duplication) of unfunded Revolving Commitments, unfunded Participation FCI Commitments, unfunded Bilateral FCI Issuing Commitments, outstanding Loans, participations in outstanding Letters of Credit, participations in outstanding Participation FCIs, participations in Reimbursement Obligations, participations in Participation FCI Reimbursement Obligations, Bilateral FCIs and Bilateral FCI Reimbursement Obligations; provided that the Commitments of, and the portion of the aggregate outstanding amount of all Loans, LC Exposure and FCI Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders; provided, further, that if any Event of Default shall have occurred and any determination needs to be made by the Required Lenders under Article VII whether or not to terminate the Commitments or accelerate the maturity of the Loans and other Obligations of the Borrowers hereunder, the Commitments of, and the portion of the aggregate outstanding amount of all Loans, LC Exposure and FCI Exposure held or deemed held by, any Lender shall be excluded for purposes of making a determination of Required Lenders if such Lender notifies the Administrative Agent and the Foreign Trade Facility 

11

Agent that in the good faith judgment of such Lender failing to so exclude such amounts for such Lender would or might violate the German Foreign Trade Act (Außenwirtschaftsgesetz) or EU Regulation (EC) 2271/96.
(xxviii)    the reference to “the German Government or” in the definition of “Sanction(s)” is amended to read “the German Government, the Canadian Government or”.
(xxix)    the definition of “Specified Cash Management Agreement” is amended and restated in its entirety to read as follows:
“Specified Cash Management Agreement”:  (a) any agreement providing for treasury, depositary or cash management services, including deposit accounts, overnight draft, credit cards, debit cards, p-cards (including purchasing cards and commercial cards), funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services, or any similar transactions, between the Parent Borrower or any Subsidiary and any Lender or Affiliate thereof (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender), existing on the Effective Date and (b) any agreement providing for treasury, depositary or cash management services, including deposit accounts, overnight draft, credit cards, debit cards, p-cards (including purchasing cards and commercial cards), funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services, or any similar transactions, between the Parent Borrower or any Subsidiary and any Lender or Affiliate thereof (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender), in each case which has been designated by the Parent Borrower, by notice to the Administrative Agent, as a “Specified Cash Management Agreement”.
(xxx)    the definition of “Specified Default” is amended and restated in its entirety to read as follows:
“Specified Default”:  an Event of Default pursuant to paragraph (a), (b), (f), (g), (h), (i), (j), (l), (m), (o), (p) or (q) of Article VII.
(xxxi)    the definition of “Term Loan A Commitment” is amended and restated in its entirety to read as follows:
“Term Loan A Commitment”:  as to each Lender party to this Agreement on the Second Amendment Effective Date, its portion of the Term Loan A made to the Parent Borrower pursuant to Section 2.1(e), in the principal amount set forth opposite such Lender’s name on Schedule 1.1A.  The aggregate principal amount of the Term Loan A Commitments in effect on the Second Amendment Effective Date is THREE HUNDRED FIFTY MILLION DOLLARS ($350,000,000).
(xxxii)    the definition of “Term Loan A Maturity Date” is amended and restated in its entirety to read as follows:

12

“Term Loan A Maturity Date”:  December 19, 2022; provided that if such date is not a Business Day, the Term Loan A Maturity Date shall be the immediately preceding Business Day.
(xxxiii)    the definition of “Wholly Owned Subsidiary” is amended and restated in its entirety to read as follows:
“Wholly Owned Subsidiary”:  as to any Person, any other Person all of the Capital Stock of which (other than directors’, foreign nationals’ and analogous qualifying shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries.  Unless otherwise qualified, all references to a “Wholly Owned Subsidiary” or to “Wholly Owned Subsidiaries” in this Agreement shall refer to a Wholly Owned Subsidiary or Wholly Owned Subsidiaries of the Parent Borrower.
(xxxiv)    the following new definitions are added in the appropriate alphabetical order to read as follows:
“Benefit Plan”:  any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code, or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.
“Domestic Revolving Commitment Extension”:  as defined in Section 2.1(c)(i).
“Domestic Revolving Lender Extension Response Date”:  as defined in Section 2.1(c)(i).
“Fixed Incremental Amount”:  as defined in Section 2.1(b).
“Global Revolving Commitment Extension”:  as defined in Section 2.1(d)(i).
“Global Revolving Lender Extension Response Date”:  as defined in Section 2.1(d)(i).
“Incremental Basket Amount”:  as defined in Section 2.1(b).
“LIBOR Screen Rate”:  the LIBOR quote on the applicable screen page the Administrative Agent designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).
“LIBOR Successor Rate”:  as defined in Section 1.10.
“LIBOR Successor Rate Conforming Changes”:  with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Alternate Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of the Administrative Agent (in consultation with the Parent Borrower), to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative 

13

Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation with the Parent Borrower).
“Material Receivables Transaction Attributable Indebtedness”:  Receivables Transaction Attributable Indebtedness of any one or more of the Parent Borrower and its Restricted Subsidiaries in an aggregate principal amount exceeding $75,000,000. 
“Permitted Refinancing” means, with respect to any Indebtedness of any Person, any extension, renewal or replacement of such Indebtedness; provided that the outstanding principal amount of the Indebtedness so extended, renewed or replaced does not exceed the sum of (a) the outstanding principal amount of the Indebtedness so extended, renewed or replaced, plus (b) an amount equal to accrued and unpaid interest on, and premiums on, the Indebtedness so extended, renewed or replaced, plus (c) reasonable and customary fees (including upfront fees), expenses, commissions, and underwriting discounts (including original issue discount) incurred and payable in connection with such extension, renewal or replacement, plus (d) an amount equal to any existing unutilized commitments under the Indebtedness so extended, renewed or replaced.
“PTE”:  a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.
“Qualified Acquisition”: as defined in the definition of “Qualified Acquisition Pro Forma Calculation”.
“Qualified Acquisition Pro Forma Calculation”:  to the extent made in connection with determining the permissibility of (a) any Permitted Acquisition with Consideration in excess of $150,000,000 for which the provisos in Section 6.1(a) apply (any such Permitted Acquisition, a “Qualified Acquisition”), the calculations required by clause (a) in the first proviso of the definition of “Permitted Acquisition”, (b) any increase in any Commitments in accordance with Section 2.1(b) in connection with a Qualified Acquisition, the calculations required by clause (3) in the first proviso of Section 2.1(b), and (c) the incurrence of any Incremental Term Loans in accordance with Section 2.1(b) in connection with a Qualified Acquisition, the calculations required by clause (3) in the first proviso of Section 2.1(b).
“Ratio Incremental Amount”:  as defined in Section 2.1(b).
“Scheduled Unavailability Date”: as defined in Section 1.10.
“Second Amendment Effective Date”:  December 19, 2017.
(xxxv)    the following definitions are deleted: Domestic Revolving Extension Acceptance Notice; Domestic Revolving Notice Date; Global Revolving Extension Acceptance Notice; and Global Revolving Notice Date.

14

(b)    (i) The reference to “Section 5.1” in Section 1.4 of the Credit Agreement is amended to read “Section 3.4(a)”, and (ii) the second paragraph set forth in Section 1.4 of the Credit Agreement is amended and restated in its entirety to read as follows:
Notwithstanding the foregoing, (a) during the period from the date of any acquisition of any Person in accordance with the terms hereof through the last day of the fiscal quarter of the Parent Borrower in which the acquisition of such Person is consummated only, at the election of the Parent Borrower, all terms of an accounting or financial nature with respect to such Person and its Subsidiaries shall be construed in accordance with the accounting standards applicable to such Person and its Subsidiaries, as in effect during such time period, and (b) leases shall continue to be classified and accounted for on a basis consistent with that reflected in the audited financial statements referred to in Section 3.4(a) for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as provided for above.  Notwithstanding anything to the contrary set forth in this Agreement, in connection with any Qualified Acquisition Pro Forma Calculation, the maximum Consolidated Leverage Ratio that was permitted pursuant to Section 6.1(a) for the most recent fiscal quarter ended for which the Parent Borrower was required to deliver financial statements pursuant to Section 5.1(a) or (b) shall be deemed to be 4.00 to 1.0 solely for purposes of such Qualified Acquisition Pro Forma Calculation.
(c)    Article I of the Credit Agreement is amended to add a new Section 1.10 immediately following Section 1.9 of the Credit Agreement to read as follows:
Section 1.10    LIBOR Successor Rate.
Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Parent Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to Parent Borrower) that the Parent Borrower or Required Lenders (as applicable) have determined, that: (a) adequate and reasonable means do not exist for ascertaining LIBOR for any requested Interest Period, including because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or (b) the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability Date”); or (c) syndicated loans currently being executed, or that include language similar to that contained in this Section, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR; then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable, the Administrative Agent and the Parent Borrower may amend this Agreement to replace LIBOR with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein) (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed LIBOR Successor Rate Conforming Changes and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Parent Borrower unless, prior to such time, Lenders 

15

comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders do not accept such amendment. 
If no LIBOR Successor Rate has been determined and the circumstances under clause (a) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Parent Borrower and each Lender.  Thereafter, (i) the obligation of the Lenders to make or maintain Eurocurrency Loans shall be suspended (to the extent of the affected Eurocurrency Loans or Interest Periods), and (ii) the Eurocurrency Rate component shall no longer be utilized in determining the Alternate Base Rate.  Upon receipt of such notice, the Parent Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Loans (to the extent of the affected Eurocurrency Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a borrowing of ABR Loans (subject to the foregoing clause (ii)) in the amount specified therein.
Notwithstanding anything else herein, any definition of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be less than zero for purposes of this Agreement.
(d)    The first two paragraphs set forth in Section 2.1(b) of the Credit Agreement are amended and restated in their entirety to read as follows:
(b)    The Parent Borrower and any one or more Lenders may from time to time agree that such Lenders (or any other additional bank, financial institution or other entity which becomes a Lender pursuant to this Section 2.1(b)) shall add one or more term loan facilities (the loans thereunder, the “Incremental Term Loans”) and/or increase the Commitments in respect of any of the Facilities by executing and delivering to the Administrative Agent and, in the case of any increase in the Participation FCI Commitments, the Foreign Trade Facility Agent, an Incremental Facility Activation Notice specifying (i) the amount of such Incremental Term Loans and/or Commitment increase, and (ii) in the case of any Incremental Term Loans, (A) the applicable Incremental Term Loan Maturity Date, (B) the amortization schedule for such Incremental Term Loans, which shall comply with Section 2.11(a), (C) the Applicable Rate (and/or other pricing terms) for such Incremental Term Loans and (D) the requested currency (which may be in Dollars or any Alternative Currency); provided that (1) the aggregate principal amount of borrowings of Incremental Term Loans outstanding at any time and Commitment increases pursuant to this subsection (b) in effect at any time shall not exceed, as of any date of determination, (x) an amount equal to the greater of (I) $200,000,000, and (II) the amount of Consolidated EBITDA for the period of four fiscal quarters most recently ended on or prior to such date for which the Parent Borrower has delivered financial statements pursuant to Section 5.1(a) or (b) and a Compliance Certificate pursuant to Section 5.1(c) (such amount, the “Incremental Basket Amount”), plus (y) an amount equal to all voluntary prepayments of the Term Loans made pursuant to Section 2.12(a), all voluntary prepayments of the Domestic Revolving Loans made pursuant to Section 2.12(a) (to the extent accompanied by a permanent reduction in the aggregate Domestic Revolving Commitments), and all voluntary prepayments of the Global Revolving Loans made pursuant to Section 2.12(a) (to the extent accompanied by a permanent reduction in the aggregate Global Revolving Commitments), in each case, (I) to the extent such voluntary prepayments are made prior to such date, and (II) excluding any such voluntary prepayments that are funded with the proceeds of incurrences of long-term Indebtedness (such amount, together with the Incremental Basket Amount, the “Fixed Incremental Amount”; it being understood that, for the avoidance of doubt, the amount of any Incremental Term 

16

Loans and/or any increases in the Commitments incurred in reliance on the Fixed Incremental Amount shall reduce the Fixed Incremental Amount), plus (z) an unlimited amount, so long as, immediately after giving effect to the incurrence of any such Incremental Term Loans and/or the establishment of any such increase in the Commitments (tested solely on the date of funding of any such Incremental Term Loan and/or establishment of any increase in the Commitments as set forth in the Incremental Facility Activation Notice and not any time thereafter, and assuming for such purposes that such Incremental Term Loan is fully drawn and/or such Commitment increase is fully drawn) on a pro forma basis, the Consolidated Senior Secured Leverage Ratio (or, following the Release Date, the Consolidated Leverage Ratio), as of the last day of the fiscal quarter of the Parent Borrower most recently ended for which the Parent Borrower has delivered financial statements pursuant to Section 5.1(a) or (b), shall not be greater than 2.75 to 1.0 (the “Ratio Incremental Amount”); (2) no Default or Event of Default shall be in existence or would be caused by the incurrence of such Incremental Term Loans and/or establishment of such increase in the Commitments; and (3) after giving effect to incurrence of any Incremental Term Loans and/or establishment of any increase in the Commitments on a pro forma basis (and assuming for such purposes that such Incremental Term Loans are fully drawn and/or such Commitment increase is fully drawn), the Parent Borrower would be in compliance with the financial covenants contained in Section 6.1 as of the last day of the fiscal quarter of the Parent Borrower most recently ended for which the Parent Borrower has delivered financial statements pursuant to Section 5.1(a) or (b).  It is understood and agreed that the Parent Borrower may first incur any Incremental Term Loan and/or establish any increase to the Commitments in reliance on the Ratio Incremental Amount prior to incurring Incremental Term Loans and/or establishing increases to the Commitments in reliance on the Fixed Incremental Amount.  If the Bilateral FCI Issuing Commitment is increased, subject to Section 2.6(u), the Parent Borrower shall have the option of transferring existing FCIs from the Participation FCI Issuing Commitment to the Bilateral FCI Issuing Commitment.  In the case of any increase in the Commitments under any Facility (other than any Incremental Term Loan Facility), the terms applicable to such increased Commitments and the Loans thereunder shall be the same as the terms applicable to the Facility being so increased.  In the case of any increase of the Domestic Revolving Facility or the Global Revolving Facility, any new Lender added in connection with such increase must be reasonably acceptable to the Administrative Agent and the applicable Issuing Lenders (but not the Domestic Revolving Lenders or Global Revolving Lenders, as applicable).  In the case of any increase of the Foreign Trade Facility, any new Lender added in connection with such increase must be reasonably acceptable to the Administrative Agent, the Foreign Trade Facility Agent and the applicable FCI Issuing Lenders (but not the Lenders with Participation FCI Commitments).  No Lender shall have any obligation to participate in any Incremental Term Loan or other increase described in this paragraph unless it agrees to do so in its sole discretion.  Any additional bank, financial institution or other entity which, with the consent of the Parent Borrower and the Administrative Agent, and, if applicable, the Foreign Trade Facility Agent (which consent shall not be unreasonably withheld), elects to become a “Lender” under this Agreement in connection with the making of any Incremental Term Loan or the making of any additional Commitment shall execute a New Lender Supplement, whereupon such bank, financial institution or other entity shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Agreement.
Notwithstanding anything to the contrary in this Agreement, if the proceeds of any Incremental Term Loan are being used to finance a Limited Condition Acquisition, and the Parent Borrower has obtained binding commitments of Incremental Term Lenders to fund such Incremental Term Loan (“Acquisition Financing Commitments”), then the conditions to the funding and incurrence of such Incremental Term Loan shall be limited as follows, if and to the extent such 

17

Incremental Term Lenders so agree with respect to their Acquisition Financing Commitments: (A) the condition set forth in Section 4.3(a) shall apply only with respect to customary “specified representations” approved by the Incremental Term Lenders providing the Acquisition Financing Commitments or if the circumstances giving rise to the failure of such conditions also entitle the Parent Borrower or the applicable Restricted Subsidiaries to terminate its or their obligations under the definitive agreement for such Limited Condition Acquisition (each, an “Acquisition Agreement”), and (B) the reference in Section 4.3(b) to no Default or Event of Default shall mean the absence of a Default or Event of Default at the date such Acquisition Agreement is executed and delivered and the absence of an Event of Default under paragraphs (a), (b), (h), (i) or (j) of Article VII at the date the applicable Limited Condition Acquisition is consummated (it being understood that this sentence shall not limit the conditions set forth in Section 4.3 with respect to any proposed Borrowing or the issuance of any Letter of Credit or FCI in connection with such Permitted Acquisition or otherwise).  Additionally, and solely for purposes of determining compliance with (x) clause (3) in the first proviso of the preceding paragraph, or (y) compliance with the Ratio Incremental Amount, in each case in connection with the incurrence of any Incremental Term Loan used to finance all or any part of a Limited Condition Acquisition, at the Parent Borrower’s option, the date for purposes of determining such compliance shall be the date on which the Acquisition Agreement for such Limited Condition Acquisition is executed and delivered; provided that if the Parent Borrower shall elect to determine such compliance on the date on which such Acquisition Agreement is executed and delivered, during the period commencing with the execution and delivery of such Acquisition Agreement and ending on the earlier to occur of (i) the date of consummation of such Limited Condition Acquisition, and (ii) the date of abandonment by the Parent Borrower or the applicable Restricted Subsidiary of such Limited Condition Acquisition, each calculation on a pro forma basis required hereunder shall demonstrate two calculations of each of the relevant covenants set forth in Section 6.1, the first assuming that such Limited Condition Acquisition (and all transactions in connection therewith, including the incurrence of any Incremental Term Loan or any Commitment increase) has been consummated and the second assuming that such transaction has been abandoned, and, for the avoidance of doubt, with respect to any particular transaction for which pro forma compliance is required, each such calculation must demonstrate compliance on a pro forma basis in order for such transaction to be permitted.  Nothing in the foregoing constitutes a waiver of any Default or Event of Default under this Agreement or of any rights or remedies of Lenders and the Administrative Agent under any provision of the Loan Documents.
(e)    Section 2.1(c) of the Credit Agreement is amended and restated in its entirety to read as follows:
(c)    Extension Option for Domestic Revolving Commitments.
(i)    The Parent Borrower may from time to time during the term of this Agreement, by written notice to the Administrative Agent (any such notice being a “Domestic Revolving Extension Notice”), request that each Domestic Revolving Lender extend (any such extension, a “Domestic Revolving Commitment Extension”) the then-existing Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment to the extended maturity date specified in such Domestic Revolving Extension Notice (any such extended maturity date, the “Extended Domestic Revolving Maturity Date”).  Each Domestic Revolving Extension Notice delivered in connection with any requested Domestic Revolving Commitment Extension shall set forth the date on which such Domestic Revolving Commitment Extension is requested to become effective (such date, the “Domestic Revolving Extension Date”), which date shall be not 

18

less than 30 Business Days nor more than 60 Business Days after the date of the Domestic Revolving Extension Notice for such Domestic Revolving Commitment Extension.  The Administrative Agent shall promptly transmit any Domestic Revolving Extension Notice to each Domestic Revolving Lender.  Each Domestic Revolving Lender shall notify the Administrative Agent whether it wishes to extend the then-existing Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment to the Extended Domestic Revolving Maturity Date specified in the applicable Domestic Revolving Extension Notice for such Domestic Revolving Commitment Extension, such notice to be provided by each Domestic Revolving Lender no later than 15 Business Days prior to the Domestic Revolving Extension Date for such Domestic Revolving Commitment Extension (such date, the “Domestic Revolving Lender Extension Response Date”).  The Administrative Agent shall promptly notify the Parent Borrower of the identity of each Domestic Revolving Lender that has agreed to extend the then-existing Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment to the Extended Domestic Revolving Maturity Date specified in the applicable Domestic Revolving Extension Notice for such Domestic Revolving Commitment Extension, and the amount of such Domestic Revolving Lender’s Domestic Revolving Commitment.  Any Domestic Revolving Lender which does not expressly notify the Administrative Agent on or before the Domestic Revolving Lender Extension Response Date for such Domestic Revolving Commitment Extension that it wishes to so extend the then-existing Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment shall be deemed to have rejected the Parent Borrower’s request for such Domestic Revolving Commitment Extension.  Effective as of the Domestic Revolving Extension Date for such Domestic Revolving Commitment Extension, with respect to each Domestic Revolving Lender that has agreed to extend the then-existing Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment to the Extended Domestic Revolving Maturity Date specified in the Domestic Revolving Extension Notice for such Domestic Revolving Commitment Extension, the then-existing Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment shall be automatically and immediately so extended to the Extended Domestic Revolving Maturity Date specified in the Domestic Revolving Extension Notice for such Domestic Revolving Commitment Extension so long as, as of the Domestic Revolving Extension Date for such Domestic Revolving Commitment Extension, no Default or Event of Default exists or would result after giving effect to such Domestic Revolving Commitment Extension.  Notwithstanding anything contained in this Agreement to the contrary, no Issuing Lender shall have any obligation to issue Letters of Credit beyond the Domestic Revolving Maturity Date in effect as of the Second Amendment Effective Date, unless such Issuing Lender agrees in writing to issue Letters of Credit until any Extended Domestic Revolving Maturity Date established after the Second Amendment Effective Date.
(ii)    If the then-existing Domestic Revolving Maturity Date applicable to any Domestic Revolving Lender’s Domestic Revolving Commitment shall have been extended in accordance with Section 2.1(c)(i), all references herein to the “Domestic Revolving Maturity Date” applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment shall be a reference to the then-applicable Extended Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment.  Notwithstanding anything to the contrary set forth in this Agreement (but subject to the last sentence of Section 2.1(c)(i) above), in connection with any Domestic 

19

Revolving Commitment Extension, the Parent Borrower and the Administrative Agent may enter into an amendment to this Agreement and/or any other Loan Document (and the Lenders hereby authorize the Administrative Agent to enter into, and the Lenders agree that this Agreement and the other Loan Documents shall be amended by, any such amendment) to the extent the Administrative Agent deems necessary in order to (A) reflect the existence and terms of such Domestic Revolving Commitment Extension, (B) make such other changes to this Agreement and the other Loan Documents consistent with the provisions and intent of such Domestic Revolving Commitment Extension, and (C) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this Section 2.1(c).  The Administrative Agent shall promptly notify each Lender as to the effectiveness of any such amendment. 
(iii)    The Parent Borrower shall have the right, following any Domestic Revolving Lender Extension Response Date for any Domestic Revolving Commitment Extension, but prior to the Domestic Revolving Extension Date applicable to such Domestic Revolving Commitment Extension, to replace each Domestic Revolving Lender declining to participate in such Domestic Revolving Commitment Extension with one or more Persons (A) reasonably satisfactory to the Parent Borrower and the Administrative Agent, and (B) satisfactory to the Issuing Lenders in their sole discretion (each such Person, an “Additional Domestic Revolving Commitment Lender”), as provided in Section 2.21(b).  Each Additional Domestic Revolving Commitment Lender shall have entered into an Assignment and Assumption or such other documentation satisfactory to the Administrative Agent pursuant to which such Additional Domestic Revolving Commitment Lender shall, effective as of the Domestic Revolving Extension Date applicable to such Domestic Revolving Commitment Extension, undertake a Domestic Revolving Commitment (and if any such Additional Domestic Revolving Commitment Lender is already a Lender, its new Domestic Revolving Commitment shall be in addition to any other Commitment of such Lender on such date).
(f)    Section 2.1(d) of the Credit Agreement is amended and restated in its entirety to read as follows:
(d)    Extension Option for Global Revolving Commitments.
(i)    The Parent Borrower may from time to time during the term of this Agreement, by written notice to the Administrative Agent (any such notice being a “Global Revolving Extension Notice”), request that each Global Revolving Lender extend (any such extension, a “Global Revolving Commitment Extension”) the then-existing Global Revolving Maturity Date applicable to such Global Revolving Lender’s Global Revolving Commitment to the extended maturity date specified in such Global Revolving Extension Notice (any such extended maturity date, the “Extended Global Revolving Maturity Date”).  Each Global Revolving Extension Notice delivered in connection with any requested Global Revolving Commitment Extension shall set forth the date on which such Global Revolving Commitment Extension is requested to become effective (such date, the “Global Revolving Extension Date”), which date shall be not less than 30 Business Days nor more than 60 Business Days after the date of the Global Revolving Extension Notice for such Global Revolving Commitment Extension.  The Administrative Agent shall promptly transmit any Global Revolving Extension Notice to each Global Revolving Lender.  Each Global 

20

Revolving Lender shall notify the Administrative Agent whether it wishes to extend the then-existing Global Revolving Maturity Date applicable to such Global Revolving Lender’s Global Revolving Commitment to the Extended Global Revolving Maturity Date specified in the applicable Global Revolving Extension Notice for such Global Revolving Commitment Extension, such notice to be provided by each Global Revolving Lender no later than 15 Business Days prior to the Global Revolving Extension Date for such Global Revolving Commitment Extension (such date, the “Global Revolving Lender Extension Response Date”).  The Administrative Agent shall promptly notify the Parent Borrower of the identity of each Global Revolving Lender that has agreed to extend the then-existing Global Revolving Maturity Date applicable to such Global Revolving Lender’s Global Revolving Commitment to the Extended Global Revolving Maturity Date specified in the applicable Global Revolving Extension Notice for such Global Revolving Commitment Extension, and the amount of such Global Revolving Lender’s Global Revolving Commitment.  Any Global Revolving Lender which does not expressly notify the Administrative Agent on or before the Global Revolving Lender Extension Response Date for such Global Revolving Commitment Extension that it wishes to so extend the then-existing Global Revolving Maturity Date applicable to such Global Revolving Lender’s Global Revolving Commitment shall be deemed to have rejected the Parent Borrower’s request for such Global Revolving Commitment Extension.  Effective as of the Global Revolving Extension Date for such Global Revolving Commitment Extension, with respect to each Global Revolving Lender that has agreed to extend the then-existing Global Revolving Maturity Date applicable to such Global Revolving Lender’s Global Revolving Commitment to the Extended Global Revolving Maturity Date specified in the Global Revolving Extension Notice for such Global Revolving Commitment Extension, the then-existing Global Revolving Maturity Date applicable to such Global Revolving Lender’s Global Revolving Commitment shall be automatically and immediately so extended to the Extended Global Revolving Maturity Date specified in the Global Revolving Extension Notice for such Global Revolving Commitment Extension so long as, as of the Global Revolving Extension Date for such Global Revolving Commitment Extension, no Default or Event of Default exists or would result after giving effect to such Global Revolving Commitment Extension.  Notwithstanding anything contained in this Agreement to the contrary, no Issuing Lender shall have any obligation to issue Letters of Credit beyond the Global Revolving Maturity Date in effect as of the Second Amendment Effective Date, unless such Issuing Lender agrees in writing to issue Letters of Credit until any Extended Global Revolving Maturity Date established after the Second Amendment Effective Date.
(ii)    If the then-existing Global Revolving Maturity Date applicable to any Global Revolving Lender’s Global Revolving Commitment shall have been extended in accordance with Section 2.1(d)(i), all references herein to the “Global Revolving Maturity Date” applicable to such Global Revolving Lender’s Global Revolving Commitment shall be a reference to the then-applicable Extended Global Revolving Maturity Date applicable to such Global Revolving Lender’s Global Revolving Commitment.  Notwithstanding anything to the contrary set forth in this Agreement (but subject to the last sentence of Section 2.1(d)(i) above), in connection with any Global Revolving Commitment Extension, the Parent Borrower and the Administrative Agent may enter into an amendment to this Agreement and/or any other Loan Document (and the Lenders hereby authorize the Administrative Agent to enter into, and the Lenders agree that this Agreement and the other Loan Documents shall be amended by, any such amendment) to the extent the Administrative Agent deems necessary in order to (A) reflect the existence and terms of such Global 

21

Revolving Commitment Extension, (B) make such other changes to this Agreement and the other Loan Documents consistent with the provisions and intent of such Global Revolving Commitment Extension, and (C) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this Section 2.1(d).  The Administrative Agent shall promptly notify each Lender as to the effectiveness of any such amendment. 
(iii)    The Parent Borrower shall have the right, following any Global Revolving Lender Extension Response Date for any Global Revolving Commitment Extension, but prior to the Global Revolving Extension Date applicable to such Global Revolving Commitment Extension, to replace each Global Revolving Lender declining to participate in such Global Revolving Commitment Extension with one or more Persons (A) reasonably satisfactory to the Parent Borrower and the Administrative Agent, and (B) satisfactory to the Issuing Lenders in their sole discretion (each such Person, an “Additional Global Revolving Commitment Lender”), as provided in Section 2.21(b).  Each Additional Global Revolving Commitment Lender shall have entered into an Assignment and Assumption or such other documentation satisfactory to the Administrative Agent pursuant to which such Additional Global Revolving Commitment Lender shall, effective as of the Global Revolving Extension Date applicable to such Global Revolving Commitment Extension, undertake a Global Revolving Commitment (and if any such Additional Global Revolving Commitment Lender is already a Lender, its new Global Revolving Commitment shall be in addition to any other Commitment of such Lender on such date).
(g)    Section 2.1(e) of the Credit Agreement is amended and restated in its entirety to read as follows:
(e)    Term Loan A.  On the Funding Date, each Term Loan A Lender party to this Agreement on the Funding Date made available to the Parent Borrower its portion of a term loan in Dollars in an aggregate principal amount equal to THREE HUNDRED FIFTY MILLION DOLLARS ($350,000,000).  The outstanding principal amount of such term loan immediately prior to the Second Amendment Effective Date is THREE HUNDRED TWENTY-EIGHT MILLION ONE HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($328,125,000) (the “Existing Term Loan A”).  Subject to the terms and conditions set forth herein, each Term Loan A Lender severally has made its portion of a term loan (the “Term Loan A”) to the Parent Borrower in Dollars in an amount equal to such Term Loan A Lender’s Term Loan A Commitment.  Each Term Loan A Lender shall make its portion of the Term Loan A to the Parent Borrower by (i) continuing all or any of its portion of the Existing Term Loan A, and/or (ii) advancing an additional borrowing of its portion of the Term Loan A on the Second Amendment Effective Date.  Amounts repaid on the Term Loan A may not be reborrowed.  The Term Loan A may consist of ABR Loans or Eurocurrency Loans or a combination thereof, as further provided herein.
(h)    A new subsection (e) is hereby added to Section 2.2 of the Credit Agreement immediately following Section 2.2(d) of the Credit Agreement to read as follows:
(e)    Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all or the portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Parent Borrower, the Administrative Agent and such Lender.

22

(i)    The reference to “the the” in Section 2.5(d)(i) of the Credit Agreement is amended to read “the”.
(j)    Sections 2.6(b)(i) and (b)(ii) of the Credit Agreement are amended and restated in their entirety to read as follows:
(i)    The Parent Borrower may from time to time during the term of this Agreement, by written notice to the Administrative Agent and the Foreign Trade Facility Agent (such notice being an “Extension Notice”) delivered no later than 60 days prior to the Foreign Trade Maturity Date (the date of such notice, the “Notice Date”), request (x) one or more Lenders with a Participation FCI Commitment and one or more Participation FCI Issuing Lenders and/or (y) one or more Bilateral FCI Issuing Lenders to extend the then applicable Foreign Trade Maturity Date with respect to such Commitment(s) to a later date (such extended date, the “Extended Foreign Trade Maturity Date”).  The Foreign Trade Facility Agent shall promptly transmit any Extension Notice to each Lender with a Participation FCI Commitment and each FCI Issuing Lender.  Each FCI Issuing Lender and each Lender with a Participation FCI Commitment shall notify the Foreign Trade Facility Agent whether it wishes to extend the then applicable Foreign Trade Maturity Date and, if so, as to which of its Commitments, at least 30 days (or such earlier date as directed by the Parent Borrower) prior to the then applicable Foreign Trade Maturity Date, and any such notice given by an FCI Issuing Lender or a Lender with a Participation FCI Commitment to the Foreign Trade Facility Agent, once given, shall be irrevocable as to such Lender.  The Foreign Trade Facility Agent shall promptly notify the Administrative Agent and the Parent Borrower of the notice of each FCI Issuing Lender and each Lender with a Participation FCI Commitment that it wishes to extend (each, an “Extension Acceptance Notice”).  Any FCI Issuing Lender and any Lender with a Participation FCI Commitment which does not expressly notify the Foreign Trade Facility Agent on or before the date that is 30 days (or such earlier date as directed by the Parent Borrower) prior to the then applicable Foreign Trade Revolving Maturity Date that it wishes to so extend the then applicable Foreign Trade Maturity Date shall be deemed to have rejected the Parent Borrower’s request for extension of such Foreign Trade Maturity Date with respect to each of its Bilateral FCI Issuing Commitment, Participation FCI Issuing Commitment, or Participation FCI Commitment, as applicable.  If (x) one or more Lenders with a Participation FCI Commitment and one or more Participation FCI Issuing Lenders and/or (y) one or more Bilateral FCI Issuing Lenders have elected (in each case in their sole and absolute discretion) to so extend the then applicable Foreign Trade Maturity Date with respect to its specified Commitment(s), the Foreign Trade Facility Agent shall notify the Administrative Agent and the Parent Borrower of such election by such Lenders with a Participation FCI Commitment and/or such FCI Issuing Lenders no later than five Business Days after the date when Extension Acceptance Notices are due, and effective on the date of such notice by the Foreign Trade Facility Agent to the Administrative Agent and the Parent Borrower (the “Extension Date”), the Foreign Trade Maturity Date shall be automatically and immediately so extended as to each such Lender with respect to its specified Commitment(s) to the Extended Foreign Trade Maturity Date.  For the avoidance of doubt, if any Lenders with a Participation FCI Commitment, any Participation FCI Issuing Lenders, or any Bilateral FCI Issuing Lenders shall not have elected (in each case in their sole and absolute discretion) or are deemed not to have elected to so extend the then applicable Foreign Trade Maturity Date with respect to one or more of its Commitments, then (x) the non-extended Participation FCI Commitment, Bilateral FCI Issuing Commitment, and/or Participation FCI Issuing Commitment, as applicable, of each such non-extending Lender will be automatically terminated as of the then applicable Foreign Trade Maturity Date (not giving effect to the proposed extension), (y) the aggregate Participation FCI Commitments, Bilateral FCI Issuing Commitments, and Participation FCI Issuing Commitments hereunder, as applicable, shall be reduced as of the then 

23

applicable Foreign Trade Maturity Date (not giving effect to the proposed extension) by the amounts of the Participation FCI Commitments, Bilateral FCI Issuing Commitments, and/or Participation FCI Issuing Commitments of each such non-extending Lender, and (z) any participations purchased under this Agreement shall be automatically appropriately adjusted in amount to reflect such changed Commitments as of the then applicable Foreign Trade Maturity Date (not giving effect to the proposed extension).  No extension of Participation FCI Commitments and Participation FCI Issuing Commitments will be permitted hereunder unless, after giving effect to the termination of the Participation FCI Commitment, Bilateral FCI Issuing Commitment, and/or Participation FCI Issuing Commitment of any non-extending Lender, as applicable, the total FCI Issuing Lender Exposures with respect to Participation FCIs of all the Participation FCI Issuing Lenders (including those non-extending Participation FCI Issuing Lenders that have not received a Counter-Guarantee to support the outstanding Participation FCIs issued by such non-extending Participation FCI Issuing Lender or, in respect of such outstanding Participation FCIs, the Parent Borrower or other relevant Borrower has not provided Cash Cover (or other credit support) in accordance with Section 2.6(p)(viii)) does not exceed the total Participation FCI Commitments of all the extending Lenders with Participation FCI Commitments.  Each outstanding Bilateral FCI and outstanding Participation FCI issued by a non-extending FCI Issuing Lender shall continue to be considered an issued Bilateral FCI or Participation FCI (as applicable) hereunder and part of the FCI Issuing Lender Exposure hereunder unless the Parent Borrower elects in its sole discretion to have a Counter-Guarantee issued hereunder in favor of such non-extending FCI Issuing Lender or the Parent Borrower or other relevant Borrower provides Cash Cover (or other credit support) in accordance with Section 2.6(p)(viii), in each case to support such Bilateral FCIs and Participation FCIs, in which case such Bilateral FCIs and Participation FCIs shall no longer be considered to be Bilateral FCIs or Participation FCIs issued pursuant to this Agreement except that for purposes of Section 2.6(p)(iii), (iv) and (v) and Section 2.6(h) such Bilateral FCIs and Participation FCIs shall continue to be considered as issued pursuant to this Agreement and the Borrowers’ obligations under such Sections with respect to fees, costs, expenses, reimbursement and indemnification obligations shall continue to apply with respect to such Bilateral FCIs and Participation FCIs.  On or prior to the then applicable Foreign Trade Maturity Date (not giving effect to the proposed extension), the Parent Borrower shall pay or cause to be paid to each non-extending Lender all amounts owing to such non-extending Lender with respect to its Participation FCI Commitment, Bilateral FCI Issuing Commitment, and/or Participation FCI Issuing Commitment, as applicable, including the repayment of an amount equal to the outstanding funded participations of all FCI Disbursements made by such non-extending Lender or funded FCI Disbursements made by such non-extending FCI Issuing Lender, as applicable, any accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents in connection with such Commitment.  Upon the delivery of an Extension Notice and upon the extension of the Foreign Trade Maturity Date pursuant to this Section 2.6(b)(i), the Parent Borrower shall be deemed to have represented and warranted on and as of the Notice Date and the Extension Date, as the case may be, that no Default or Event of Default has occurred and is continuing.  Notwithstanding anything contained in this Agreement to the contrary, no Lender with a Participation FCI Commitment or FCI Issuing Lender shall have any obligation to extend the Foreign Trade Maturity Date, and each Lender with a Participation FCI Commitment and each FCI Issuing Lender may (with respect to its respective Participation FCI Commitment, Bilateral FCI Issuing Commitment and/or Participation FCI Issuing Commitment) at its option, unconditionally and without cause, decline to extend the Foreign Trade Maturity Date.
(ii)    If the Foreign Trade Maturity Date shall have been extended in accordance with Section 2.6(b)(i) with respect to (x) any Participation FCI Commitments and Participation FCI Issuing Commitments and/or (y) any Bilateral FCI Issuing Commitments, then, as to the applicable 

24

extending Lenders, all references herein to the “Foreign Trade Maturity Date” shall refer to the Extended Foreign Trade Maturity Date.
(k)    The first parenthetical in Section 2.6(q)(i) of the Credit Agreement is amended and restated in its entirety to read as follows:
(being a minimum of $10,000,000, or a lesser amount in the case of the cancellation of the entire remaining amount of any FCI Issuing Lender’s Bilateral FCI Issuing Commitment, any FCI Issuing Lender’s Participation FCI Issuing Commitment, and/or any Lender’s Participation FCI Commitment)
(l)     The reference to “Funding Date” in Section 2.9(a)(ii)(D) of the Credit Agreement is amended to read “Second Amendment Effective Date”.
(m)    Section 2.11(d) of the Credit Agreement is amended and restated in its entirety to read as follows:
(d)    The Parent Borrower shall repay the outstanding principal amount of the Term Loan A in equal quarterly installments, commencing with the fiscal quarter ending March 31, 2019, equal to 1.25% of the outstanding amount of the Term Loan A as of the Second Amendment Effective Date (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.12) with the outstanding principal balance of the Term Loan A due in full on the Term Loan A Maturity Date, unless accelerated sooner pursuant to Article VII.
(n)    Clause (x) in the first proviso of Section 2.24(a)(iv) of the Credit Agreement is amended and restated in its entirety to read as follows:
(x) only if, at the time of such reallocation, no Default or Event of Default exists; and
(o)    A new sentence is added to the end of Section 3.10 of the Credit Agreement to read as follows:
As of the Second Amendment Effective Date, no Borrower is using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments.
(p)    Section 5.10 of the Credit Agreement is amended and restated in its entirety to read as follows:
Section 5.10    Use of Proceeds.
The proceeds of the Domestic Revolving Loans, the Global Revolving Loans, and the Term Loan A will be used (a) to refinance existing indebtedness, and (b) for lawful corporate purposes of the Parent Borrower and its Restricted Subsidiaries.  The Letters of Credit (other than Non-Financial Letters of Credit) will be used to issue financial and performance letters of credit requested by any Borrower on behalf of itself or any of its Restricted Subsidiaries or Joint Ventures.  The FCIs and Non-Financial Letters of Credit will be used only for the operational business of the Parent Borrower, its Restricted Subsidiaries and Joint Ventures; provided that no FCI or Non-Financial Letter of Credit may be issued for the benefit of financial creditors, except for a Counter-Guarantee supporting 

25

another FCI.  No part of the proceeds of any Loan will be used, nor any Letter of Credit or FCI issued, in each case whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations U and X. 
(q)    The lead-in and clause (A) set forth in the first parenthetical of Section 5.11(b)(i) of the Credit Agreement are amended and restated in their entirety to read as follows:
but excluding (A) all real property (whether owned or leased) and leaseholds,
(r)    The second clause (iii) set forth in Section 5.11(f) of the Credit Agreement is amended and restated in its entirety to read as follows:
(iii) [reserved] and
(s)    The parenthetical set forth in Section 5.12 of the Credit Agreement is amended and restated in its entirety to read as follows:
(including the filing and recording of financing statements and other documents)
(t)    Section 6.1(a) of the Credit Agreement is amended and restated in its entirety to read as follows:
(a)    Consolidated Leverage Ratio.  The Parent Borrower will not permit the Consolidated Leverage Ratio as at the last day of any fiscal quarter of the Parent Borrower to exceed 3.50 to 1.0; provided that the Consolidated Leverage Ratio as of the last day of any fiscal quarter of the Parent Borrower ending within the four fiscal quarters immediately following a Permitted Acquisition with Consideration in excess of $150,000,000 may increase to no more than 4.00 to 1.0; provided, further that the Consolidated Leverage Ratio as at the last day of any fiscal quarter of the Parent Borrower shall be 3.50 to 1.0 for at least one full fiscal quarter before the Consolidated Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Parent Borrower ending within the four fiscal quarters immediately following a Permitted Acquisition in excess of $150,000,000 may again increase to 4.00 to 1.0 for a new period of four consecutive fiscal quarters of the Parent Borrower.
(u)    In Section 6.2 of the Credit Agreement,
(i)    the first parenthetical set forth in Section 6.2(b) of the Credit Agreement is amended and restated in its entirety to read as follows:
(including any Permitted Refinancings thereof or any subordinated debt which is in exchange for existing subordinated debt of the Parent Borrower)
(ii)    Section 6.2(c) of the Credit Agreement is amended and restated in its entirety to read as follows:
(c)    Indebtedness existing on the Effective Date and set forth in Section 6.2 of the Disclosure Letter and Permitted Refinancings thereof;
(iii)    Section 6.2(g) of the Credit Agreement is amended and restated in its entirety to read as follows:

26

(g)    (i) Indebtedness of the Parent Borrower or any Restricted Subsidiary Incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and Permitted Refinancings thereof; provided that such Indebtedness (other than any such Permitted Refinancings) is Incurred prior to or within 90 days after such acquisition or the completion of such construction or improvement and (ii) Attributable Debt in connection with Sale/Leaseback Transactions involving fixed or capital assets, if at the time of Incurrence thereof, after giving effect thereto, the aggregate principal amount of all Specified Indebtedness shall not exceed an amount equal to 10% of the Total Consolidated Assets;
(iv)    Section 6.2(h) of the Credit Agreement is amended and restated in its entirety to read as follows:
(h)    Indebtedness of any Person that becomes a Restricted Subsidiary after the Effective Date and Permitted Refinancings thereof; provided that (i) such Indebtedness (other than any such Permitted Refinancings) exists at the time such Person becomes a Restricted Subsidiary and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary and (ii) at the time of Incurrence thereof (whether before or after the Funding Date) and after giving effect thereto, the aggregate principal amount of all Specified Indebtedness shall not exceed an amount equal to 10% of the Total Consolidated Assets (for the avoidance of doubt, measured after giving effect to the Spinoff);
(v)    The text prior to the proviso in Section 6.2(l) of the Credit Agreement is amended and restated in its entirety to read as follows:
unsecured Indebtedness of any Loan Party (and any unsecured Guarantees of such Indebtedness by any other Loan Party to the extent permitted by Section 6.2(f)) and any Permitted Refinancings of any such Indebtedness that are Incurred by any Loan Party and that are unsecured (and any unsecured Guarantees of such Indebtedness by any other Loan Party to the extent permitted by Section 6.2(f));
(vi)    Section 6.2(s) of the Credit Agreement is amended and restated in its entirety to read as follows:
(s)    Indebtedness assumed in connection with any Permitted Acquisition after the Funding Date so long as such Indebtedness is not incurred in contemplation of such Permitted Acquisition, and any Permitted Refinancings of any such Indebtedness.
(v)    Section 6.5(m) of the Credit Agreement is amended and restated in its entirety to read as follows:
(m)    (i) other Investments if, after giving effect to any such Investment on a pro forma basis in each case recomputed as at the last day of the most recently ended fiscal quarter of the Parent Borrower for which the financial statements were (or were required to be) delivered pursuant to Section 5.1(a) or (b) as if such Investment had occurred on the first day of each relevant period, the Consolidated Leverage Ratio is less than 2.75 to 1.0 and (ii) other Investments in the aggregate not to exceed an amount equal to (A) 10% of Total Consolidated Assets (determined at the time of making such Investment) plus (B) an additional amount for all such Investments made after the 

27

Funding Date that is equal to the portion, if any, of the Available Amount on such date that the Parent Borrower elects to apply to this Section 6.5(m)(ii)(B) if, after giving effect to any such Investment on a pro forma basis in each case recomputed as at the last day of the most recently ended fiscal quarter of the Parent Borrower for which the financial statements were (or were required to be) delivered pursuant to Section 5.1(a) or (b) as if such Investment had occurred on the first day of each relevant period, the Consolidated Leverage Ratio is greater than or equal to 2.75 to 1.0.
(w)    Section 6.6(e) of the Credit Agreement is amended and restated in its entirety to read as follows:
(e)    Dispositions of assets that are not permitted by any other paragraph of this Section 6.6; provided that (i) the aggregate gross proceeds (including any non‐cash proceeds, determined on the basis of face amount in the case of notes or similar consideration and on the basis of fair market value in the case of other non‐cash proceeds) of all assets Disposed of in reliance upon this paragraph (e) shall not exceed, in any fiscal year of the Parent Borrower, an amount equal to 15% of the Total Consolidated Assets (determined at the time of making such Disposition with reference to the Total Consolidated Assets as of the end of the most recently completed fiscal year for which financial statements have been delivered pursuant to Section 5.1(a)); provided, however, that Dispositions of assets, if not made to the extent permitted in any fiscal year as provided above in this paragraph (e) (for the avoidance of doubt, starting with the fiscal year ending December 31, 2015), may be made in any subsequent fiscal year on a cumulative basis with the Disposition of assets permitted in such subsequent fiscal year and (ii) any Disposition permitted by this paragraph (e) for a purchase price in excess of $10,000,000 shall be made for fair value and for at least 75% cash consideration; 
(x)    Each reference to “2.50” in Section 6.8(e) of the Credit Agreement is amended to read “2.75”.
(y)    Each reference to “2.50” in Section 6.9(a)(iii) of the Credit Agreement is amended to read “2.75”.
(z)    Clause (g)(ii) in Article VII of the Credit Agreement is amended and restated in its entirety to read as follows:
(ii) [reserved]; 
(aa)    Article VII of the Credit Agreement is amended to (i) delete the “or” at the end of clause (o) thereof, (ii) add an “or” at the end of clause (p) thereof, and (iii) add a new clause (q) thereof immediately following clause (p) thereof to read as follows:
(q)    any event or condition occurs that (i) results in an automatic termination, wind-down or comparable event with respect to any Material Receivables Transaction Attributable Indebtedness, or (ii) permits a notice of termination, a notice of wind-down, a notice of acceleration or any comparable notice to be given under any such Material Receivables Transaction Attributable Indebtedness prior to the scheduled termination, wind-down, maturity or comparable event and which event or condition giving rise to such notice continues for a period of 14 calendar days after such notice;

28

(bb)    Article VIII of the Credit Agreement is amended to add a new Section 8.11 immediately following Section 8.10 of the Credit Agreement to read as follows:
Section 8.11    ERISA Matters.
(a)    Each Lender (i) represents and warrants, as of the Second Amendment Effective Date (or, with respect to any Person that becomes a Lender after the Second Amendment Effective Date, as of the date such Person becomes a Lender party to this Agreement), and (ii) covenants, from the Second Amendment Effective Date (or, with respect to any Person that becomes a Lender after the Second Amendment Effective Date, from the date such Person becomes a Lender party to this Agreement) to the date such Person ceases being a Lender party to this Agreement, in each case, for the benefit of each Agent, each arranger, and their respective Affiliates, and not, for each avoidance of doubt, to or for the benefit of any Loan Party, that at least one of the following is and will be true: (A) such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments; (B) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, (C)(1) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (2) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (3) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of subsections (b) through (g) of Part I of PTE 84-14, and (4) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; or (D) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.
(b)    In addition, unless subclause (A) 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 (D) in the immediately preceding clause (a), such Lender further (i) represents and warrants, as of the Second Amendment Effective Date (or, with respect to any Person that becomes a Lender after the Second Amendment Effective Date, as of the date such Person becomes a Lender party to this Agreement), and (ii) covenants, from the Second Amendment Effective Date (or, with respect to any Person that becomes a Lender after the Second Amendment Effective Date, from the date such Person becomes a Lender party to this Agreement) to the date such Person ceases being a Lender party to this Agreement, in each case, for the benefit of, each Agent, each arranger, and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of 

29

any Loan Party, that: (A) none of any Agent, any arranger, or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the any Agent under this Agreement, any Loan Document or any documents related to hereto or thereto); (B) the Person making the investment decision on behalf 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 is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50,000,000, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E); (C) the Person making the investment decision on behalf 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 is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies (including in respect of the Obligations); (D) the Person making the investment decision on behalf 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 is a fiduciary under ERISA or the Code, or both, with respect to the Loans, the Letters of Credit, the Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder; and (E) no fee or other compensation is being paid directly to any Agent, any arranger, or any their respective Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments or this Agreement.
(c)    Each Agent and each arranger hereby informs the Lenders that each such Person is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender, or (iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing.
(cc)    Section 9.2(c)(iv) of the Credit Agreement is amended and restated in its entirety to read as follows:
(iv)    (A) this Agreement and the other Loan Documents may be amended to remove any Foreign Subsidiary as a Foreign Subsidiary Borrower under the Foreign Trade Facility or the Bilateral Foreign Trade Facility, as applicable, upon (I) written notice by the Parent Borrower and such Foreign Subsidiary to the Foreign Trade Facility Agent and the Administrative Agent to such effect, (II) (x) repayment in full of all outstanding Obligations of such Foreign Subsidiary Borrower under the Foreign Trade Facility or the Bilateral Foreign Trade Facility, as applicable, or (y) assumption in 

30

full of all outstanding Obligations of such Foreign Subsidiary Borrower under the Foreign Trade Facility or the Bilateral Foreign Trade Facility, as applicable, by the Parent Borrower, any existing Foreign Subsidiary Borrower or any new Foreign Subsidiary Borrower approved by the Agents, each FCI Issuing Lender and the Lenders with a Participation FCI Commitment and (III) the expiration or termination of (or full cash collateralization or provision of other credit support in a manner consistent with the terms of Section 2.6(o)(iv) or assumption by the Parent Borrower or another Foreign Subsidiary Borrower of all the obligations of such Foreign Subsidiary Borrower (pursuant to a written assumption agreement in form and substance reasonably satisfactory to the Parent Borrower, such Foreign Subsidiary Borrower, any other Foreign Subsidiary Borrower that assumes obligations of such Foreign Subsidiary Borrower, and the Foreign Trade Facility Agent) in respect of) all FCIs issued for the account of such Foreign Subsidiary Borrower and (B) a Foreign Subsidiary may become a Foreign Subsidiary Borrower under the Foreign Trade Facility and the Bilateral Foreign Trade Facility in accordance with (including the consents required by) Section 2.23(b);
(dd)    The “Purpose” paragraph of Part A to Schedule 1.1C of the Credit Agreement is amended and restated in its entirety to read as follows:
		
	Purpose:
	The purpose of an FCI must be for particular trade risks only, e.g., performance or warranty obligations of the relevant Borrower such as payment obligations arising from non-performance, warranty obligations or comparable events of non-fulfillment of contractual or legal obligations; provided that, for the avoidance of doubt, an FCI that is a Counter-Guarantee may be issued for the purpose of providing credit support for an Indirect FCI or a standby letter of credit, bank guarantee or surety issued or to be issued for a particular trade risk. The purpose of an FCI must not be to cover the risk of the relevant Borrower’s being or becoming insolvent or filing for or becoming the subject of bankruptcy, insolvency, liquidation, reorganization or similar proceedings.

(ee)    Schedule 1.1A to the Credit Agreement is amended and restated in its entirety in the form of Schedule 1.1A attached hereto.  Schedule 1.1D to the Credit Agreement is amended and restated in its entirety in the form of Schedule 1.1D attached hereto.  Schedule 1.1E to the Credit Agreement is amended and restated in its entirety in the form of Schedule 1.1E attached hereto.  Schedule 1.1F to the Credit Agreement is amended and restated in its entirety in the form of Schedule 1.1F attached hereto.  Schedule 2.23 to the Credit Agreement is amended and restated in its entirety in the form of Schedule 2.23 attached hereto.  
(ff)    Exhibit N to the Credit Agreement is amended to add the following in the heading on the first page thereof:
 Check for distribution to Public Lenders and private-side Lenders.
2.    Amendments to the Guarantee and Collateral Agreement.  The Guarantee and Collateral Agreement is hereby amended as follows:
(a)    The definition of “Borrower Obligations” in Section 1.1 of the Guarantee and Collateral Agreement is amended and restated in its entirety to read as follows:
“Borrower Obligations”: the collective reference to the unpaid principal of and interest (and premium, if any) on the Loans (including Incremental Term Loans), Reimbursement Obligations, Bilateral FCI Reimbursement Obligations and Participation FCI Reimbursement Obligations and 

31

all other obligations and liabilities of the Borrowers and the Subsidiaries (including interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans, Reimbursement Obligations, Bilateral FCI Reimbursement Obligations and Participation FCI Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Borrower or any Subsidiary Guarantor, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to any Agent or any other Secured Party, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, the other Loan Documents, any Hedging Agreement of any Borrower or any Subsidiary with any Lender or Affiliate of a Lender (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender; provided that, in the case of a Hedging Agreement with a Person who is no longer a Lender (or Affiliate of a Lender), the obligations arising under such Hedging Agreement shall only constitute Borrower Obligations through the stated termination date (without extension or renewal) of such Hedging Agreement) or Specified Cash Management Agreement with any Lender or any Affiliate of any Lender (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender), in each case whether on account of principal, interest, premium, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including all fees and disbursements of counsel to any Agent or to any other Secured Party that are required to be paid by any Borrower or any Subsidiary pursuant to the terms of any of the foregoing agreements); provided, however, that the “Borrower Obligations” of any Borrower shall exclude any Excluded Swap Obligations with respect to such Borrower.
(b)    The definition of “Obligations” in Section 1.1 of the Guarantee and Collateral Agreement is amended and restated in its entirety to read as follows:
“Obligations”: the collective reference to (i) the Borrower Obligations, (ii) the Guarantor Obligations, and (iii) the Specified Obligations.
(c)    The definition of “Secured Parties” in Section 1.1 of the Guarantee and Collateral Agreement is amended and restated in its entirety to read as follows:
“Secured Parties”: the collective reference to the Administrative Agent, the Foreign Trade Facility Agent, the Lenders, in the case of any Hedging Agreement entered into by the Parent Borrower or any Subsidiary or any Specified Cash Management Agreement, any Lender or any Affiliate of any Lender counterparty thereto (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender; provided that, in the case of a Hedging Agreement with a Person who is no longer a Lender (or Affiliate of a Lender), such Person shall be considered a Secured Party only through the stated termination date (without extension or renewal) of such Hedging Agreement), and in the case of any Specified Loan Document entered into by any Specified Obligations Party with respect to any Specified Obligations, the applicable lender or lenders party thereto (including, for the avoidance of doubt, any Person even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender).
(d)    The definition of “Subsidiary Loan Documents” in Section 1.1 of the Guarantee and Collateral Agreement is amended and restated in its entirety to read as follows:
“Specified Loan Documents”: (i) with respect to any Indebtedness incurred by any Foreign Subsidiary or any other Restricted Subsidiary that is not a Loan Party pursuant to Section 6.2(k) of 

32

the Credit Agreement, the definitive documentation governing any such Indebtedness which has been designated by the Parent Borrower as a “Specified Loan Document” by delivery to the Administrative Agent not later than 90 days after the execution and delivery thereof by such Foreign Subsidiary or such Restricted Subsidiary of a Secured Party Designation Notice; (ii) with respect to any Indebtedness incurred by any Foreign Subsidiary pursuant to Section 6.2(r) of the Credit Agreement, the definitive documentation governing any such Indebtedness which has been designated by the Parent Borrower as a “Specified Loan Document” by delivery to the Administrative Agent not later than 90 days after the execution and delivery thereof by such Foreign Subsidiary of a Secured Party Designation Notice; and (iii) with respect to any Indebtedness relating to reimbursement and related obligations in connection with letters of credit (which may be financial letters of credit, non-financial letters of credit or commercial letters of credit), bank guarantees or surety instruments incurred by the Parent Borrower or any Subsidiary with any Lender or any Affiliate of any Lender (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender) pursuant to Section 6.2(j) of the Credit Agreement, the definitive documentation governing any such Indebtedness which has been designated by the Parent Borrower as a “Specified Loan Document” by delivery to the Administrative Agent not later than 90 days after the execution and delivery thereof by the Parent Borrower or such Subsidiary of a Secured Party Designation Notice.  For the avoidance of doubt, it is understood and agreed that any Secured Party Designation Notice delivered prior to the Second Amendment Effective Date designating documentation as a “Subsidiary Loan Document” shall remain effective and be deemed to have designated such documentation as a “Specified Loan Document”.
(e)    The definition of “Subsidiary Obligations” in Section 1.1 of the Guarantee and Collateral Agreement is amended and restated in its entirety to read as follows:
“Specified Obligations”: the collective reference to the unpaid principal of and interest (and premium, if any) on any Indebtedness incurred by any Specified Obligations Party pursuant to any Specified Loan Documents, and all other obligations and liabilities of such Specified Obligations Parties (including interest accruing at the then applicable rate provided in any Specified Loan Document after the maturity of such indebtedness and such other obligations and liabilities and interest accruing at the then applicable rate in any Specified Loan Document after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any such Specified Obligations Party, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, any Specified Loan Documents, in each case whether on account of principal, interest, premium, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including all fees and disbursements of counsel that are required to be paid by any Specified Obligations Party pursuant to the terms of any Specified Loan Document).
(f)    The following new definition is added to Section 1.1 of the Guarantee and Collateral Agreement in the appropriate alphabetical order to read as follows:
“Specified Obligations Party”:  (i) with respect to any secured Indebtedness incurred pursuant to Section 6.2(k) of the Credit Agreement, any Foreign Subsidiary or any other Restricted Subsidiary that is not a Loan Party that has incurred such Indebtedness (but only to the extent the Parent Borrower has delivered to the Administrative Agent, not later than 90 days after the execution and delivery of the documentation relating to such Indebtedness, a Secured Party Designation Notice with respect to such Indebtedness); (ii) with respect to any secured Indebtedness incurred pursuant 

33

to Section 6.2(r) of the Credit Agreement, any Foreign Subsidiary that has incurred such Indebtedness (but only to the extent the Parent Borrower has delivered to the Administrative Agent, not later than 90 days after the execution and delivery of the documentation relating to such Indebtedness, a Secured Party Designation Notice with respect to such Indebtedness); and (iii) with respect to any Indebtedness relating to reimbursement and related obligations in connection with letters of credit (which may be financial letters of credit, non-financial letters of credit or commercial letters of credit), bank guarantees or surety instruments incurred pursuant to Section 6.2(j) of the Credit Agreement and provided by any Lender or any Affiliate of any Lender (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender), the Parent Borrower or any Subsidiary that has incurred such Indebtedness (but only to the extent the Parent Borrower has delivered to the Administrative Agent, not later than 90 days after the execution and delivery of the documentation relating to such Indebtedness, a Secured Party Designation Notice with respect to such Indebtedness).
(g)    Section 2.1(a) of the Guarantee and Collateral Agreement is amended and restated in its entirety to read as follows:
(a)    Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Administrative Agent and the other Secured Parties and their respective successors and permitted assigns, the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Borrower Obligations (other than in respect of Excluded Taxes); provided, however, that the Parent Borrower’s guarantee obligations under this Section 2 shall be limited to the guarantee of the prompt and complete payment and performance by each Foreign Subsidiary Borrower and each Subsidiary when due (whether at the stated maturity, by acceleration or otherwise) of the Borrower Obligations of such Foreign Subsidiary Borrower and/or such Subsidiary (other than in respect of Excluded Taxes); and provided, further, that the obligations of any Guarantor under this Section 2.1 shall exclude any Excluded Swap Obligations with respect to such Guarantor.
(h)    Each reference in the Guarantee and Collateral Agreement to “Subsidiary Loan Document” or “Subsidiary Loan Documents” is amended to read “Specified Loan Document” or “Specified Loan Documents”, as applicable.
(i)    The reference to “Subsidiary Obligations” in Section 6.3 of the Guarantee and Collateral Agreement is amended to read “Specified Obligations”.
(j)    Annex 3 to the Guarantee and Collateral Agreement is amended and restated in the form of Annex 3 attached hereto.
3.    Conditions Precedent.  The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:
(a)    receipt by the Administrative Agent of counterparts of this Amendment, duly executed by the Parent Borrower, each Subsidiary Guarantor, each FCI Issuing Lender, each Lender (including each Exiting Lender and each New Lender), the Foreign Trade Facility Agent and the Administrative Agent;
(b)    receipt by the Administrative Agent of legal opinions (addressed to the Agents and the Lenders and dated the date of this Amendment) from (i) Robinson, Bradshaw & Hinson, P.A., counsel for the Parent Borrower, and (ii) the General Counsel of the Parent Borrower, in each case, the opinions of which shall be customary for transactions of this type;

34

(c)    receipt by the Administrative Agent of the following, in form and substance reasonably satisfactory to the Administrative Agent and its legal counsel: (i)     copies of the organizational documents of each Loan Party certified to be true and complete as of a recent date by the appropriate Governmental Authority of the jurisdiction of its organization or incorporation, where applicable (or, to the extent such organizational documents have not been amended or modified since the Funding Date, a certification from a Responsible Officer of the applicable Loan Party that no amendments or modifications to such organizational documents have been made since the Funding Date), and certified by a Responsible Officer of such Loan Party to be true and correct as of the date of this Amendment, (ii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act on behalf of such Loan Party in connection with this Amendment and the other Loan Documents to which such Loan Party is a party, and (iii) 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 jurisdiction of organization or incorporation;
(d)    receipt by the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, of (i)(A) searches of UCC filings in the jurisdiction of incorporation or formation, as applicable, of the Parent Borrower and each Subsidiary Guarantor and each jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect the Administrative Agent’s security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist other than Permitted Encumbrances or as otherwise permitted pursuant to Section 6.3 of the Credit Agreement, and (B) tax lien, judgment and bankruptcy searches, and (ii) completed UCC financing statements for each appropriate jurisdiction as is necessary, in the Administrative Agent’s sole discretion, to perfect the Administrative Agent’s security interest in the Collateral;
(e)    receipt by the Administrative Agent of a certificate signed by a Responsible Officer of the Parent Borrower, certifying that (i) since December 31, 2016, there has been no event or condition that has had or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (ii) the representations and warranties of each Loan Party set forth in the Loan Documents are true and correct in all material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects) on and as of the date of this Amendment, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects) as of such earlier date, and (iii) as of the date of this Amendment (and after giving effect to this Amendment), no Default or Event of Default shall have occurred and be continuing;
(f)    receipt by each Agent, each Lender and each FCI Issuing Lender of all applicable licenses, consents, permits and approvals as deemed necessary by such Agent, such Lender or such FCI Issuing Lender in order to execute and perform the transactions contemplated by the Loan Documents;
(g)    the Lenders shall have completed “know your customer” due diligence, and the Parent Borrower and its Subsidiaries shall have provided to the Administrative Agent and the Lenders the documentation and other information requested by the Administrative Agent and the Lenders in order to comply with applicable law, including without limitation, the USA Patriot Act (Title III of Pub. L. 107 56 (signed into law October 26, 2001)), Sanctions, the United States Foreign Corrupt Practices Act of 1977, and the applicable European Union or German acts and ordinance such as the German Anti-Money-

35

Laundering-Act (“Geldwäschegesetz”) and the German Foreign Trade Ordinance (“Außenwirtschaftsverornung”);
(h)    the Parent Borrower shall have (i) paid all accrued and unpaid interest and fees owing under the Credit Agreement to the date of this Amendment, and (ii) prepaid any Domestic Revolving Loans and/or any Global Revolving Loans (and paid any additional amounts required pursuant to Section 2.18 of the Credit Agreement) to the extent necessary to keep the outstanding Domestic Revolving Loans and/or the outstanding Global Revolving Loans ratable with the revised Domestic Revolving Commitments and/or the Global Revolving Commitments as of the date of this Amendment (after giving effect to this Amendment); and
(i)    receipt by the Administrative Agent, the Foreign Trade Facility Agent, MLPFS, and the Lenders of all fees and other amounts due and payable on or prior to the date of this Amendment, including, to the extent invoiced, reimbursement or payment of all out of pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party.
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 date of this Amendment specifying its objection thereto.
4.    Exiting Lenders; New Lenders.  
(a)    Each Person executing this Amendment under the heading “Exiting Lender” on the signature pages hereto, in its capacity as a Lender (including, for the avoidance of doubt, in its capacity as Issuing Lender and/or FCI Issuing Lender, as applicable) (each such Person, an “Exiting Lender”) under the Credit Agreement immediately prior to the effectiveness of this Amendment, is signing this Amendment for the sole purposes of amending the Credit Agreement and assigning its Commitments and outstanding Loans to Lenders (other than to any other Exiting Lender) as described in the following sentence.  Upon giving effect to this Amendment, (i) the Loans of each Exiting Lender outstanding under the Credit Agreement immediately prior to the effectiveness of this Amendment shall be fully assigned at par to Lenders under the Credit Agreement after giving effect to this Amendment, and the Commitments of each Exiting Lender existing under the Existing Credit Agreement immediately prior to the effectiveness of this Amendment shall be fully assigned to Lenders under the Credit Agreement after giving effect to this Amendment so that, after giving effect to such assignments, the Lenders shall hold each class of the Loans and Commitments and have the Applicable Percentages, in each case as set forth on Schedule 1.1A attached hereto, (ii) the obligations each Exiting Lender to lend under the Credit Agreement shall be terminated, (iii) each Exiting Lender shall no longer be a Lender under the Credit Agreement or any other Loan Document, (iv) no Exiting Lender shall have any rights or duties as a Lender under the Credit Agreement or any other Loan Document, except for rights or duties in respect of expense reimbursement and indemnification provisions in the Credit Agreement or any other Loan Document which by their express terms would survive termination of the Credit Agreement or such other Loan Document, and (v) the Loan Parties shall have no obligations or liabilities to any Exiting Lender, except for obligations in respect of expense reimbursement and indemnification provisions in the Credit Agreement or any other Loan Document which by their express terms would survive termination of the Credit Agreement or such other Loan Document.
(b)    (i)    Each Person executing this Amendment under the heading “New Lender” on the signature pages hereto (each such Person, a “New Lender”) hereby agrees to provide the 

36

Commitments in the amounts set forth on Schedule 1.1A attached hereto, and the initial Applicable Percentages of each New Lender shall be as set forth on Schedule 1.1A attached hereto.
(ii)    Each New Lender (A) represents and warrants that (1) it has full power and authority, and has taken all action necessary, to execute and deliver this Amendment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (2) it satisfies the requirements of an Eligible Assignee, (3) from and after the date of this Amendment, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and shall have the obligations of a Lender thereunder, (4) it is sophisticated with respect to its decision to enter into this Amendment and to become a Lender under the Credit Agreement and either it, or the Person exercising discretion in making its decision to enter into this Amendment and to become a Lender under the Credit Agreement, is experienced in transactions of this type, (5) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.1(a) and (b) of the Credit Agreement and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Amendment and to become a Lender under the Credit Agreement, and (6) it has, independently and without reliance upon any Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Amendment and become a Lender under the Credit Agreement; (B) appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement or any instrument or document furnished pursuant thereto as are delegated to such Agent by the terms thereof, together with such powers as are incidental thereto; and (C) agrees that (1) it will, independently and without reliance on any Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (2) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender, including, without limitation, if it is a Non-U.S. Lender, its obligation pursuant to Section 2.19(e) of the Credit Agreement.
(iii)    Each Loan Party that is a party hereto agrees that, as of the date of this Amendment, each New Lender shall (A) be a party to the Credit Agreement, (B) be a “Lender” for all purposes of the Credit Agreement and the other Loan Documents, and (C) have the rights and obligations of a Lender under the Credit Agreement and the other Loan Documents.
(iv)    The address of each New Lender for purposes of Section 9.1 of the Credit Agreement is as set forth in such New Lender’s Administrative Questionnaire delivered by such New Lender to the Administrative Agent on or before the date of this Amendment, or such other address as shall be designated by such New Lender in accordance with Section 9.1 of the Credit Agreement.
5.    Reallocation and Restatement of Loans and Commitments.  On the date of this Amendment, the Loans outstanding under the Credit Agreement immediately prior to the effectiveness of this Amendment, and the Commitments existing under the Credit Agreement immediately prior to the effectiveness of this Amendment, in each case, shall be reallocated and restated among the Lenders party to the Credit Agreement after giving effect to this Amendment (including, for the avoidance of doubt, the New Lenders) so that, after giving effect to this Amendment, the Lenders party to the Credit Agreement after giving effect to this Amendment (including, for the avoidance of doubt, the New Lenders) hold each class of the Loans and Commitments and have the Applicable Percentages, in each case, as set forth on Schedule 1.1A attached hereto.  The parties hereto agree that the Parent Borrower, the Lenders and the Administrative Agent shall effect such assignments, prepayments, borrowings, reallocations and restatements as are necessary (including 

37

by pursuant to a cashless settlement mechanism approved by the Parent Borrower, any Lender and the Administrative Agent) to effectuate the modifications to the classes of Commitments and Loans as contemplated in this Amendment.
6.    Miscellaneous.
(a)    The Credit Agreement (as amended by this Amendment), the Guarantee and Collateral Agreement (as amended by this Amendment) and the obligations of the parties thereunder and under the other Loan Documents, are hereby ratified and confirmed by each party hereto and shall remain in full force and effect according to their terms.  The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or any Agent under any of the Loan Documents, or, except as expressly provided herein, constitute a waiver or amendment of any provision of any of the Loan Documents.  This Amendment shall constitute a Loan Document.
(b)    Each Subsidiary Guarantor (i) acknowledges and consents to all of the terms and conditions of this Amendment, (ii) affirms all of its obligations under the Loan Documents, and (iii) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge its obligations under the Credit Agreement or the other Loan Documents.
(c)    Each Loan Party hereby represents and warrants as follows: (i) such Loan Party has taken all necessary action to authorize the execution, delivery and performance of this Amendment; (ii) this Amendment has been duly executed and delivered by such Loan Party and constitutes such Loan Party’s legal, valid and binding obligations, enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law; and (iii) no material consent or approval of, authorization or order of, or filing, registration or qualification with, any Governmental Authority is required in connection with the execution, delivery or performance by such Loan Party of this Amendment.
(d)    Each Lender (including each New Lender, but excluding any Exiting Lender) party hereto represents and warrants that, after giving effect to this Amendment, the representations and warranties of such Lender set forth in the Credit Agreement (as amended by this Amendment) are true and correct as of the date of this Amendment.  Each Lender (including each New Lender, but excluding any Exiting Lender) party hereto hereby agrees to comply with the covenants applicable to such Lender set forth in the Credit Agreement (as amended by this Amendment).
(e)    This Amendment may be executed in counterparts (and by different parties hereto on 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 a signature page of this Amendment by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment.
(f)    THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).
[Signature pages follow]

38

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.
PARENT BORROWER:    SPX CORPORATION,
a Delaware corporation
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Vice President, Secretary and General Counsel
		
	SUBSIDIARY GUARANTORS:
	FLASH TECHNOLOGY, LLC,

a Delaware limited liability company
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Vice President and Secretary
GENFARE HOLDINGS, LLC,
a Delaware limited liability company
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Vice President and Secretary
MARLEY ENGINEERED PRODUCTS LLC,
a Delaware limited liability company
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Executive Vice President and Secretary
SPX COOLING TECHNOLOGIES, INC.,
a Delaware corporation
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Executive Vice President and Secretary

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

SPX HEAT TRANSFER LLC,
a Delaware limited liability company
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Vice President and Secretary
SPX HOLDING INC.,
a Connecticut corporation
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Vice President and Secretary
SPX TRANSFORMER SOLUTIONS, INC.,
a Wisconsin corporation
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Vice President and Secretary
TCI INTERNATIONAL, INC.,
a Delaware corporation
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Vice President and Secretary
THE MARLEY COMPANY LLC,
a Delaware limited liability company
By:    /s/ John W. Nurkin    
Name:    John W. Nurkin
Title:    Executive Vice President and Secretary
THE MARLEY-WYLAIN COMPANY,
a Delaware corporation
By:    /s/ Matthew Hanna    
Name:    Matthew Hanna
Title:    Vice President, Secretary and Treasurer

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

FOREIGN TRADE FACILITY AGENT:    DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT 
BRANCH,
as Foreign Trade Facility Agent
By:    /s/ Christiane Roth    
Name:    Christiane Roth
Title:    Managing Director
By:    /s/ Myriam Rotthaus    
Name:    Myriam Rotthaus
Title:    Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

ADMINISTRATIVE AGENT:    BANK OF AMERICA, N.A.,
as Administrative Agent
By:    /s/ Anthea Del Bianco    
Name:    Anthea Del Bianco
Title:    Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

LENDERS:    BANK OF AMERICA, N.A.,
as a Lender, Swingline Lender, Issuing Lender and Participation FCI Issuing Lender
By:    /s/ Matthew N. Walt    
Name:    Matthew N. Walt
Title:    Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,
as a Lender, Issuing Lender, Participation FCI Issuing Lender, and Bilateral FCI Issuing Lender
By:    /s/ Christiane Roth    
Name:    Christiane Roth
Title:    Managing Director
By:    /s/ Myriam Rotthaus    
Name:    Myriam Rotthaus
Title:    Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

DEUTSCHE BANK AG NEW YORK BRANCH,
as a Lender
By:    /s/ Anca Trifan    
Name:    Anca Trifan
Title:    Managing Director
By:    /s/ Marcus Tarkington    
Name:    Marcus Tarkington
Title:    Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

THE BANK OF NOVA SCOTIA,
as a Lender and Bilateral FCI Issuing Lender
By:    /s/ Michael Grad    
Name:    Michael Grad
Title:    Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
as a Lender, Issuing Lender, Participation FCI Issuing Lender
By:    /s/ George Stoecklein    
Name:    George Stoecklein
Title:    Managing Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

COMPASS BANK,
as a Lender
By:    /s/ Daniel Feldman    
Name:    Daniel Feldman
Title:    Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
as a Lender
By:    /s/ Gary Herzog    
Name:    Gary Herzog
Title:    Managing Director

By:    /s/ Michael Madnick    
Name:    Michael Madnick
Title:    Managing Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

FIFTH THIRD BANK,
as a Lender
By:    /s/ Richard Arendale    
Name:    Richard Arendale
Title:    Managing Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

JPMORGAN CHASE BANK, N.A.,
as a Lender and Issuing Bank
By:    /s/ Cristina Caviness    
Name:    Cristina Caviness
Title:    Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

SUMITOMO MITSUI BANKING CORPORATION, 
as a Lender
By:    /s/ James D. Weinstein    
Name:    James D. Weinstein
Title:    Managing Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

SUNTRUST BANK,
as a Lender
By:    /s/ Chris Hursey    
Name:    Chris Hursey
Title:    Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

TD BANK, N.A.,
as a Lender
By:    /s/ Mark Hogan    
Name:    Mark Hogan
Title:    Senior Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

BNP PARIBAS,
as a Lender
By:    /s/ Melissa Dyki    
Name:    Melissa Dyki
Title:    Director
By:    /s/ Kwang Kyun Choi    
Name:    Kwang Kyun Choi
Title:    Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

TAIWAN COOPERATIVE BANK, LOS ANGELES BRANCH,
as a Lender
By:    /s/ Tao-Lun Lin    
Name:    Tao-Lun Lin
Title:    V.P. & General Manager

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

E.SUN COMMERCIAL BANK, LTD., LOS ANGELES BRANCH,
as a Lender
By:    /s/ Edward Chen    
Name:    Edward Chen
Title:    SVP & General Manager

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

COMMERZBANK AG, FRANKFURT BRANCH,
as a Participation FCI Issuing Lender, Bilateral FCI Issuing Lender
By:    /s/ Jennifer Eiteneyer    
Name:    Jennifer Eiteneyer
Title:    Director
By:    /s/ Lothar Frenz    
Name:    Lothar Frenz
Title:    Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

NEW LENDER:    CITIZENS BANK, N.A.,
as a New Lender
By:    /s/ Jeffrey Neikirk    
Name:    Jeffrey Neikirk
Title:    Managing Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

NEW LENDER:    REGIONS BANK,
as a New Lender
By:    /s/ Alfred J. Bacchi    
Name:    Alfred J. Bacchi
Title:    Managing Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

EXITING LENDER:    BANK OF TAIWAN, NEW YORK BRANCH,
as an Exiting Lender
By:    /s/ Yue-Li Shih    
Name:    Yue-Li Shih
Title:    VP & General Manager

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

EXITING LENDER:    COMMERZBANK AG, NEW YORK BRANCH,
as an Exiting Lender, Issuing Lender
By:    /s/ Marie Duflos    
Name:    Marie Duflos
Title:    Director
By:    /s/ Pedro Bell    
Name:    Pedro Bell
Title:    Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

EXITING LENDER:    HSBC BANK USA, N.A.,
as an Exiting Lender
By:    /s/ Patrick D. Mueller    
Name:    Patrick D. Mueller
Title:    Director

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

EXITING LENDER:    NORTHERN TRUST COMPANY,
as an Exiting Lender
By:    /s/ John C. Canty    
Name:    John C. Canty
Title:    Senior Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

EXITING LENDER:    WELLS FARGO BANK, N.A.,
as an Exiting Lender
By:    /s/ Kara Treiber    
Name:    Kara Treiber
Title:    Vice President

SPX CORPORATION
SECOND AMENDMENT TO CREDIT AGREEMENT
AND AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

Schedule 1.1A
Commitments
	
															
	Lender
	 
	Domestic Revolving Commitments
	 
	Applicable Percentages for Domestic Revolving Commitments
	 
	Global Revolving Commitments
	 
	Applicable Percentages for Global Revolving Commitments

	Bank of America, N.A.
	 
	$
	14,449,700.37
	

	 
	7.224850185
	%
	 
	$
	14,620,259.84
	

	 
	9.746839893
	%

	The Bank of Nova Scotia
	 
	$
	12,924,134.10
	

	 
	6.462067050
	%
	 
	$
	13,076,686.29
	

	 
	8.717790860
	%

	Bank of Tokyo-Mitsubishi UFJ, Ltd.
	 
	$
	13,006,905.32
	

	 
	6.503452660
	%
	 
	$
	13,160,434.51
	

	 
	8.773623007
	%

	Compass Bank
	 
	$
	13,006,905.32
	

	 
	6.503452660
	%
	 
	$
	13,160,434.51
	

	 
	8.773623007
	%

	Credit Agricole Corporate and Investment Bank
	 
	$
	13,006,905.32
	

	 
	6.503452660
	%
	 
	$
	13,160,434.51
	

	 
	8.773623007
	%

	Fifth Third Bank
	 
	$
	13,006,905.32
	

	 
	6.503452660
	%
	 
	$
	13,160,434.51
	

	 
	8.773623007
	%

	JPMorgan Chase Bank, N.A.
	 
	$
	13,917,859.11
	

	 
	6.958929555
	%
	 
	$
	14,082,140.89
	

	 
	9.388093927
	%

	Sumitomo Mitsui Banking Corporation
	 
	$
	26,167,339.83
	

	 
	13.083669915
	%
	 
	$
	0.00
	

	 
	0.000000000
	%

	SunTrust Bank
	 
	$
	13,006,905.32
	

	 
	6.503452660
	%
	 
	$
	13,160,434.51
	

	 
	8.773623007
	%

	TD Bank, N.A.
	 
	$
	13,006,905.32
	

	 
	6.503452660
	%
	 
	$
	13,160,434.51
	

	 
	8.773623007
	%

	Citizens Bank, N.A.
	 
	$
	9,361,030.34
	

	 
	4.680515170
	%
	 
	$
	9,471,524.84
	

	 
	6.314349893
	%

	Regions Bank
	 
	$
	18,832,555.18
	

	 
	9.416277590
	%
	 
	$
	0.00
	

	 
	0.000000000
	%

	BNP Paribas
	 
	$
	5,912,229.69
	

	 
	2.956114845
	%
	 
	$
	5,982,015.69
	

	 
	3.988010460
	%

	Deutsche Bank AG, New York Branch
	 
	$
	13,643,719.46
	

	 
	6.821859730
	%
	 
	$
	13,804,765.39
	

	 
	9.203176927
	%

	Taiwan Cooperative Bank, Los Angeles Branch
	 
	$
	5,000,000.00
	

	 
	2.500000000
	%
	 
	$
	0.00
	

	 
	0.000000000
	%

	E Sun Commercial Bank, LTD., Los Angeles Branch
	 
	$
	1,750,000.00
	

	 
	0.875000000
	%
	 
	$
	0.00
	

	 
	0.000000000
	%

	Total
	 
	$
	200,000,000.00
	

	 
	100.000000000
	%
	 
	$
	150,000,000.00
	

	 
	100.000000000
	%

	
															
	Lender
	 
	Term Loan A Commitments
	 
	Applicable Percentages for Term Loan A Commitments
	 
	Participation FCI Commitments
	 
	Applicable Percentages for Participation FCI Commitments

	Bank of America, N.A.
	 
	$
	31,849,939.14
	

	 
	9.099982611
	%
	 
	$
	12,401,171.46
	

	 
	8.552532041
	%

	The Bank of Nova Scotia
	 
	$
	28,487,295.47
	

	 
	8.139227277
	%
	 
	$
	11,091,884.14
	

	 
	7.649575269
	%

	Bank of Tokyo-Mitsubishi UFJ, Ltd.
	 
	$
	28,669,739.26
	

	 
	8.191354074
	%
	 
	$
	11,162,920.91
	

	 
	7.698566145
	%

	Compass Bank
	 
	$
	28,669,739.26
	

	 
	8.191354074
	%
	 
	$
	11,162,920.91
	

	 
	7.698566145
	%

	Credit Agricole Corporate and Investment Bank
	 
	$
	28,669,739.26
	

	 
	8.191354074
	%
	 
	$
	11,162,920.91
	

	 
	7.698566145
	%

	Fifth Third Bank
	 
	$
	28,669,739.26
	

	 
	8.191354074
	%
	 
	$
	11,162,920.91
	

	 
	7.698566145
	%

	JPMorgan Chase Bank, N.A.
	 
	$
	28,000,000.00
	

	 
	8.000000000
	%
	 
	$
	10,000,000.00
	

	 
	6.896551724
	%

	Sumitomo Mitsui Banking Corporation
	 
	$
	28,669,739.26
	

	 
	8.191354074
	%
	 
	$
	11,162,920.91
	

	 
	7.698566145
	%

	SunTrust Bank
	 
	$
	28,669,739.26
	

	 
	8.191354074
	%
	 
	$
	11,162,920.91
	

	 
	7.698566145
	%

	TD Bank, N.A.
	 
	$
	28,669,739.26
	

	 
	8.191354074
	%
	 
	$
	11,162,920.91
	

	 
	7.698566145
	%

	Citizens Bank, N.A.
	 
	$
	20,633,524.47
	

	 
	5.895292706
	%
	 
	$
	8,033,920.35
	

	 
	5.540634724
	%

	Regions Bank
	 
	$
	20,633,524.47
	

	 
	5.895292706
	%
	 
	$
	8,033,920.35
	

	 
	5.540634724
	%

	BNP Paribas
	 
	$
	13,031,699.66
	

	 
	3.723342760
	%
	 
	$
	5,074,054.96
	

	 
	3.499348248
	%

	Taiwan Cooperative Bank, Los Angeles Branch
	 
	$
	5,000,000.00
	

	 
	1.428571429
	%
	 
	$
	0.00
	

	 
	0.000000000
	%

	E Sun Commercial Bank, LTD., Los Angeles Branch
	 
	$
	1,675,841.97
	

	 
	0.478811991
	%
	 
	$
	853,087.22
	

	 
	0.588336014
	%

	Deutsche Bank AG Deutschlandgeschäft Branch
	 
	$
	0.00
	

	 
	0.000000000
	%
	 
	$
	11,371,515.15
	

	 
	7.842424241
	%

	Total
	 
	$
	350,000,000.00
	

	 
	100.000000000
	%
	 
	$
	145,000,000.00
	

	 
	100.000000000
	%

	
								
	Lender
	 
	Participation FCI Issuing Commitments
	 
	Applicable Percentages for Participation FCI Issuing Commitments

	Deutsche Bank AG Deutschlandgeschäft Branch
	 
	$
	100,000,000.00
	

	 
	46.061722708
	%

	Bank of America, N.A.
	 
	$
	50,000,000.00
	

	 
	23.030861354
	%

	Commerzbank AG, Frankfurt Branch
	 
	$
	37,100,000.00
	

	 
	17.088899125
	%

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	 
	$
	30,000,000.00
	

	 
	13.818516813
	%

	Total
	 
	$
	217,100,000.00
	

	 
	100.000000000
	%

	
								
	Lender
	 
	Bilateral FCI Issuing Commitments
	 
	Applicable Percentages for Bilateral FCI Issuing Commitments

	Commerzbank AG, Frankfurt Branch
	 
	$
	27,400,000.00
	

	 
	49.818181818
	%

	Deutsche Bank AG Deutschlandgeschäft Branch
	 
	$
	27,180,000.00
	

	 
	49.418181818
	%

	The Bank of Nova Scotia
	 
	$
	420,000.00
	

	 
	0.763636364
	%

	Total
	 
	$
	55,000,000.00
	

	 
	100.000000000
	%

Schedule 1.1D
Existing FCIs
Bilateral FCIs
	
																
	Ref.-No.
of FTF-Agent
	 
	Foreign Issuing Lender
	 
	Ref.-No. 
of Foreign Issuing Lender
	 
	Currency
	 
	Amount in Currency
	 
	Type of Foreign Credit Instrument
	 
	Borrower
	 
	Third Party

	300BGS1600153
	 
	Commerzbank AG
	 
	DAMAV70312680101
	 
	PLN
	 
	3,753,833.99
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600206
	 
	Commerzbank AG
	 
	DAMAV70288060101
	 
	EUR
	 
	22,253.32
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600209
	 
	Commerzbank AG
	 
	KYJAV70106640001
	 
	EUR
	 
	16,800.00
	

	 
	rental obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600210
	 
	Commerzbank AG
	 
	DAMAV70292040101
	 
	PLN
	 
	860,200.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600217
	 
	Commerzbank AG
	 
	DAMAV70296590101
	 
	USD
	 
	33,525.70
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGS1600321
	 
	Commerzbank AG
	 
	KYJAV70109760001
	 
	EUR
	 
	31,052.81
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600221
	 
	Commerzbank AG
	 
	DAMAV70297770101
	 
	EUR
	 
	4,681.40
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600224
	 
	Commerzbank AG
	 
	KYJAV70111830001
	 
	EUR
	 
	75,076.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600225
	 
	Commerzbank AG
	 
	DAMAV70299100101
	 
	EUR
	 
	47,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600226
	 
	Commerzbank AG
	 
	DAMAV70299110101
	 
	EUR
	 
	47,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	
																
	300BGS1600227
	 
	Commerzbank AG
	 
	DAMAV70299160101
	 
	EUR
	 
	47,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600229
	 
	Commerzbank AG
	 
	KYJAV70114270001
	 
	EUR
	 
	14,057.11
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600230
	 
	Commerzbank AG
	 
	DAMAV70302100101
	 
	EUR
	 
	47,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600231
	 
	Commerzbank AG
	 
	DAMAV70302160101
	 
	EUR
	 
	47,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600232
	 
	Commerzbank AG
	 
	DAMAV70302080101
	 
	EUR
	 
	47,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600235
	 
	Commerzbank AG
	 
	DAMAV70302150101
	 
	EUR
	 
	47,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600236
	 
	Commerzbank AG
	 
	DAMAV70302500101
	 
	EUR
	 
	343,000.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600239
	 
	Commerzbank AG
	 
	DAMAV70169530101
	 
	EUR
	 
	457,332.28
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600241
	 
	Commerzbank AG
	 
	DAMAV70169520101
	 
	EUR
	 
	457,481.88
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600247
	 
	Commerzbank AG
	 
	DAMAV70307350101
	 
	EUR
	 
	18,150.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600248
	 
	Commerzbank AG
	 
	DAMAV70307270101
	 
	EUR
	 
	41,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600249
	 
	Commerzbank AG
	 
	DAMAV70307280101
	 
	EUR
	 
	41,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600250
	 
	Commerzbank AG
	 
	DAMAV70307360101
	 
	EUR
	 
	126,150.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	
																
	300BGS1600254
	 
	Commerzbank AG
	 
	DAMAV70307960101
	 
	EUR
	 
	47,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600256
	 
	Commerzbank AG
	 
	DAMAV70308020101
	 
	EUR
	 
	47,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600258
	 
	Commerzbank AG
	 
	DAMAV70309270101
	 
	EUR
	 
	62,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600208
	 
	Commerzbank AG
	 
	DAMAV70288570101
	 
	EUR
	 
	1,251,331.13
	

	 
	tax obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600214
	 
	Commerzbank AG
	 
	DAMAV70206170101
	 
	EUR
	 
	1,300,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies Belgium S.A.

	300BGS1600215
	 
	Commerzbank AG
	 
	 
	 
	USD
	 
	2,242,817.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600222
	 
	Commerzbank AG
	 
	DAMAV70297840101
	 
	USD
	 
	1,454,162.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600223
	 
	Commerzbank AG
	 
	DAMAV70297820101
	 
	USD
	 
	2,181,243.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600237
	 
	Commerzbank AG
	 
	BD07W0800639
	 
	EUR
	 
	4,672,652.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600240
	 
	Commerzbank AG
	 
	DAMAV70256130101
	 
	EUR
	 
	569,253.98
	

	 
	tax obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600242
	 
	Commerzbank AG
	 
	KYJAV70031100002
	 
	EUR
	 
	550,542.38
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600243
	 
	Commerzbank AG
	 
	KYJAV70033350001
	 
	EUR
	 
	520,254.55
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600257
	 
	Commerzbank AG
	 
	DAMAV70308340101
	 
	PLN
	 
	2,681,310.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	
																
	300BGS1600452
	 
	Commerzbank AG
	 
	KYJAV7010634001
	 
	EUR
	 
	681,598.44
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600480
	 
	Commerzbank AG
	 
	DAMAV70317510101
	 
	PLN
	 
	325,283.89
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600502
	 
	Commerzbank AG
	 
	 
	 
	EUR
	 
	44,216.30
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600522
	 
	Commerzbank AG
	 
	DAMAV70320070101
	 
	EUR
	 
	132,570.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600533
	 
	Commerzbank AG
	 
	DAMAV70320830101
	 
	PLN
	 
	114,000.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600542
	 
	Commerzbank AG
	 
	DAMAV70321280101
	 
	PLN
	 
	451,990.45
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600548
	 
	Commerzbank AG
	 
	DAMAV70206200101
	 
	ILS
	 
	5,890,123.80
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies Belgium S.A.

	300BGS1600557
	 
	Commerzbank AG
	 
	DAMAV70322580101
	 
	PLN
	 
	653,754.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600562
	 
	Commerzbank AG
	 
	DAMAV70323010101
	 
	PLN
	 
	18,900.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600584
	 
	Commerzbank AG
	 
	DAMAV70322530101
	 
	EUR
	 
	149,500.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600591
	 
	Commerzbank AG
	 
	DAMAV70324940101
	 
	EUR
	 
	3,340.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGS1600605
	 
	Commerzbank AG
	 
	KYJAV70121750001
	 
	EUR
	 
	56,095.60
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600616
	 
	Commerzbank AG
	 
	KYJAV70122080001
	 
	EUR
	 
	77,052.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	
																
	300BGS1600618
	 
	Commerzbank AG
	 
	DAMAV70327140101
	 
	EUR
	 
	49,644.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600653
	 
	Commerzbank AG
	 
	DAMAV70330040101
	 
	EUR
	 
	108,462.40
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600679
	 
	Commerzbank AG
	 
	DAMAV70331390101
	 
	PLN
	 
	111,000.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600688
	 
	Commerzbank AG
	 
	DAMAV70331860101
	 
	PLN
	 
	291,000.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600715
	 
	Commerzbank AG
	 
	KYJAV70124630001
	 
	EUR
	 
	29,980.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600729
	 
	Commerzbank AG
	 
	DAMAV70335120101
	 
	EUR
	 
	18,900.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600723
	 
	Commerzbank AG
	 
	DAMAV70335090101
	 
	EUR
	 
	77,135.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600725
	 
	Commerzbank AG
	 
	DAMAV70335110101
	 
	EUR
	 
	77,135.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600724
	 
	Commerzbank AG
	 
	DAMAV70335100101
	 
	EUR
	 
	77,135.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600726
	 
	Commerzbank AG
	 
	DAMAV70335180101
	 
	EUR
	 
	77,135.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600727
	 
	Commerzbank AG
	 
	DAMAV70335190101
	 
	EUR
	 
	77,135.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600728
	 
	Commerzbank AG
	 
	DAMAV70335200101
	 
	EUR
	 
	77,135.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600731
	 
	Commerzbank AG
	 
	KYJAV70124910001
	 
	EUR
	 
	117,550.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	
																
	300BGS1600733
	 
	Commerzbank AG
	 
	DAMAV70335570101
	 
	CNY
	 
	920,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1600760
	 
	Commerzbank AG
	 
	DAMAV70337270101
	 
	EUR
	 
	20,000.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1700127
	 
	Commerzbank AG
	 
	DAMAV70350870101
	 
	CNY
	 
	6,588,000.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700128
	 
	Commerzbank AG
	 
	DAMAV70350890101
	 
	CNY
	 
	2,196,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700162
	 
	Commerzbank AG
	 
	DAMAV70353340101
	 
	USD
	 
	36,000.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700167
	 
	Commerzbank AG
	 
	DAMAV70354380101
	 
	CNY
	 
	33,000.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700172
	 
	Commerzbank AG
	 
	DAMAV70355540101
	 
	CNY
	 
	106,012.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700177
	 
	Commerzbank AG
	 
	DAMAV70355840101
	 
	CNY
	 
	576,050.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700209
	 
	Commerzbank AG
	 
	DAMAV70358080101
	 
	CNY
	 
	41,635.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700232
	 
	Commerzbank AG
	 
	DAMAV70361410101
	 
	CNY
	 
	102,252.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700246
	 
	Commerzbank AG
	 
	DAMAV70363380101
	 
	CNY
	 
	176,000.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700302
	 
	Commerzbank AG
	 
	DAMAV70368410101
	 
	CNY
	 
	97,000.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700301
	 
	Commerzbank AG
	 
	DAMAV70368470101
	 
	CNY
	 
	400,000.00
	

	 
	tender obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	
																
	300BGS1700300
	 
	Commerzbank AG
	 
	DAMAV70368430101
	 
	CNY
	 
	400,000.00
	

	 
	tender obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGS1700346
	 
	Commerzbank AG
	 
	 
	 
	USD
	 
	24,000.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX (Guangzhou) Cooling Technologies Co. Ltd. 

	300BGI1301297
	 
	Deutsche Bank AG
	 
	300BGI1301297
	 
	USD
	 
	664,106.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1301299
	 
	Deutsche Bank AG
	 
	300BGI1301299
	 
	USD
	 
	302,690.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1501362
	 
	Deutsche Bank AG
	 
	300BGI1500827
	 
	USD
	 
	1,530,408.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGI1501363
	 
	Deutsche Bank AG
	 
	300BGI1401280
	 
	USD
	 
	1,300,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGI1501459
	 
	Deutsche Bank AG
	 
	APGLDI826064
	 
	QAR
	 
	3,051,726.23
	

	 
	not specified obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1502265
	 
	Deutsche Bank AG
	 
	300BGI1502265
	 
	USD
	 
	25,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1600033
	 
	Deutsche Bank AG
	 
	300BGI1600033
	 
	USD
	 
	13,550.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1600469
	 
	Deutsche Bank AG
	 
	300BGI1401110
	 
	EUR
	 
	1,455,900.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGI1600470
	 
	Deutsche Bank AG
	 
	300BGI1401111
	 
	EUR
	 
	2,778,030.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGI1600471
	 
	Deutsche Bank AG
	 
	300BGI1501364
	 
	EUR
	 
	1,197,057.89
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGI1600475
	 
	Deutsche Bank AG
	 
	300BGI1501706
	 
	EUR
	 
	877,412.14
	

	 
	tax obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	
																
	300BGI1600570
	 
	Deutsche Bank AG
	 
	300BGI1600570
	 
	PLN
	 
	127,200.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGI1600571
	 
	Deutsche Bank AG
	 
	300BGI1600571
	 
	PLN
	 
	279,445.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGI1600572
	 
	Deutsche Bank AG
	 
	300BGI1600572
	 
	PLN
	 
	291,100.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGI1600573
	 
	Deutsche Bank AG
	 
	300BGI1600573
	 
	PLN
	 
	115,200.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGI1600663
	 
	Deutsche Bank AG
	 
	300BGI1600663
	 
	USD
	 
	160,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1600693
	 
	Deutsche Bank AG
	 
	300BGI1600693
	 
	USD
	 
	136,950.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1600890
	 
	Deutsche Bank AG
	 
	300BGI1600890
	 
	EUR
	 
	26,510.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1600898
	 
	Deutsche Bank AG
	 
	300BGI1600898
	 
	PLN
	 
	130,647.10
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGI1601036
	 
	Deutsche Bank AG
	 
	300BGI1601036
	 
	TND
	 
	5,000.00
	

	 
	tender obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1601037
	 
	Deutsche Bank AG
	 
	300BGI1601037
	 
	TND
	 
	6,000.00
	

	 
	tender obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1601046
	 
	Deutsche Bank AG
	 
	300BGI1601046
	 
	AED
	 
	77,868.80
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1601051
	 
	Deutsche Bank AG
	 
	300BGI1601051
	 
	PLN
	 
	100,850.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGI1601050
	 
	Deutsche Bank AG
	 
	300BGI1601050
	 
	PLN
	 
	252,970.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	
																
	300BGI1601063
	 
	Deutsche Bank AG
	 
	300BGI1601063
	 
	AED
	 
	87,896.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1601064
	 
	Deutsche Bank AG
	 
	300BGI1601064
	 
	AED
	 
	159,414.70
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1601203
	 
	Deutsche Bank AG
	 
	300BGI1601203
	 
	USD
	 
	60,000.00
	

	 
	tender obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1601261
	 
	Deutsche Bank AG
	 
	300BGI1601261
	 
	USD
	 
	25,960.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1601350
	 
	Deutsche Bank AG
	 
	300BGI1601350
	 
	USD
	 
	33,500.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1601390
	 
	Deutsche Bank AG
	 
	300BGI1601390
	 
	USD
	 
	70,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1601407
	 
	Deutsche Bank AG
	 
	300BGI1601407
	 
	USD
	 
	45,592.40
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1700009
	 
	Deutsche Bank AG
	 
	300BGI1700009
	 
	USD
	 
	166,107.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGI1700102
	 
	Deutsche Bank AG
	 
	300BGI1700102
	 
	EUR
	 
	7,850.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1601096
	 
	Deutsche Bank AG
	 
	300BGI1601096
	 
	USD
	 
	17,550.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1700282
	 
	Deutsche Bank AG
	 
	300BGI1700282
	 
	USD
	 
	31,697.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1700352
	 
	Deutsche Bank AG
	 
	300BGI1700352
	 
	USD
	 
	355,651.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1700420
	 
	Deutsche Bank AG
	 
	300BGI1700420
	 
	EUR
	 
	44,740.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	
																
	300BGI1700827
	 
	Deutsche Bank AG
	 
	300BGI1700827
	 
	XOF
	 
	25,000,000.00
	

	 
	tender obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1700860
	 
	Deutsche Bank AG
	 
	300BGI1700860
	 
	ZAR
	 
	1,095,894.92
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1700862
	 
	Deutsche Bank AG
	 
	300BGI1700862
	 
	ZAR
	 
	3,992,938.54
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1700875
	 
	Deutsche Bank AG
	 
	300BGI1700875
	 
	EUR
	 
	9,500.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1700936
	 
	Deutsche Bank AG
	 
	300BGI1700936
	 
	USD
	 
	277,777.92
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1700942
	 
	Deutsche Bank AG
	 
	300BGI1700942
	 
	USD
	 
	295,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGI1700966
	 
	Deutsche Bank AG
	 
	300BGI1700966
	 
	USD
	 
	316,374.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1700967
	 
	Deutsche Bank AG
	 
	300BGI1700967
	 
	USD
	 
	474,561.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1701006
	 
	Deutsche Bank AG
	 
	300BGI1701006
	 
	EUR
	 
	22,370.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1701051
	 
	Deutsche Bank AG
	 
	300BGI1701051
	 
	USD
	 
	833,333.76
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1701097
	 
	Deutsche Bank AG
	 
	300BGI1701097
	 
	AED
	 
	875,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies Trading DMCC

	300BGI1701157
	 
	Deutsche Bank AG
	 
	300BGI1701157
	 
	USD
	 
	25,308.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGI1701184
	 
	Deutsche Bank AG
	 
	300BGI1701184
	 
	USD
	 
	223,223.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	
																
	300BGS1500654
	 
	The Bank of Nova Scotia
	 
	OSB20063GWS
	 
	USD
	 
	205,436.70
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1600111
	 
	The Bank of Nova Scotia
	 
	OSB24176GWS
	 
	USD
	 
	213,555.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

Participation FCIs
	
																
	Ref.-No.
of FTF-Agent
	 
	Foreign Issuing Lender
	 
	Ref.-No. 
of Foreign Issuing Lender
	 
	Currency
	 
	Amount in Currency
	 
	Type of Foreign Credit Instrument
	 
	Borrower
	 
	Third Party

	300BGS1000228
	 
	Bank of America N.A.
	 
	6008GT006254/10
	 
	GBP
	 
	100,000.00
	

	 
	payment obligations
	 
	SPX Corporation
	 
	Radiodetection Ltd.

	300BGS1300104
	 
	Bank of America N.A.
	 
	68090278
	 
	USD
	 
	21,758.30
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGS1300455
	 
	Bank of America N.A.
	 
	68099865
	 
	USD
	 
	149,195.30
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1300461
	 
	Bank of America N.A.
	 
	GT007253/13
	 
	USD
	 
	351,000.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Wuxi Balcke-Duerr Technologies Co., Ltd

	300BGS1400512
	 
	Bank of America N.A.
	 
	68108247
	 
	USD
	 
	701,801.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1500225
	 
	Bank of America N.A.
	 
	68111434
	 
	USD
	 
	456,995.70
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1500286
	 
	Bank of America N.A.
	 
	68112561
	 
	USD
	 
	190,927.30
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1500312
	 
	Bank of America N.A.
	 
	68112671
	 
	USD
	 
	1,646,498.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1500632
	 
	Bank of America N.A.
	 
	68120705
	 
	USD
	 
	737,260.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1500679
	 
	Bank of America N.A.
	 
	68121401
	 
	USD
	 
	386,414.20
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1500688
	 
	Bank of America N.A.
	 
	68121654
	 
	USD
	 
	486,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	
																
	300BGS1600150
	 
	Bank of America N.A.
	 
	68125226
	 
	USD
	 
	18,707.89
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1600151
	 
	Bank of America N.A.
	 
	68125225
	 
	USD
	 
	18,851.81
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1600489
	 
	Bank of America N.A.
	 
	68126076
	 
	USD
	 
	3,711,146.60
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1600550
	 
	Bank of America N.A.
	 
	68127035
	 
	USD
	 
	32,025.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1600706
	 
	Bank of America N.A.
	 
	68129559
	 
	USD
	 
	553,253.20
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1600707
	 
	Bank of America N.A.
	 
	68129558
	 
	USD
	 
	914,683.20
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1600735
	 
	Bank of America N.A.
	 
	68129904
	 
	USD
	 
	92,101.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1600750
	 
	Bank of America N.A.
	 
	68129916
	 
	USD
	 
	178,500.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGS1700009
	 
	Bank of America N.A.
	 
	68130910
	 
	USD
	 
	33,873.13
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1700051
	 
	Bank of America N.A.
	 
	68131568
	 
	USD
	 
	265,700.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1700071
	 
	Bank of America N.A.
	 
	68131954
	 
	USD
	 
	170,134.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1700083
	 
	Bank of America N.A.
	 
	68132210
	 
	USD
	 
	188,610.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	
																
	300BGS1700122
	 
	Bank of America N.A.
	 
	68132580
	 
	USD
	 
	127,070.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1700150
	 
	Bank of America N.A.
	 
	68133137
	 
	USD
	 
	188,610.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1700195
	 
	Bank of America N.A.
	 
	68134059
	 
	USD
	 
	289,125.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1700223
	 
	Bank of America N.A.
	 
	68134700
	 
	USD
	 
	510,231.29
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1700230
	 
	Bank of America N.A.
	 
	68134888
	 
	USD
	 
	301,502.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1700238
	 
	Bank of America N.A.
	 
	68134881
	 
	USD
	 
	417,920.60
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1700245
	 
	Bank of America N.A.
	 
	68135178
	 
	USD
	 
	244,270.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1700283
	 
	Bank of America N.A.
	 
	68135980
	 
	USD
	 
	243,513.30
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1700299
	 
	Bank of America N.A.
	 
	68136198
	 
	USD
	 
	308,813.85
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1700306
	 
	Bank of America N.A.
	 
	68136279
	 
	USD
	 
	13,375.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies, Inc.

	300BGS1700319
	 
	Bank of America N.A.
	 
	68136450
	 
	USD
	 
	76,975.20
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGS1700318
	 
	Bank of America N.A.
	 
	68136462
	 
	USD
	 
	307,900.80
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	
																
	300BGS1700320
	 
	Bank of America N.A.
	 
	68136463
	 
	USD
	 
	309,959.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGS1700321
	 
	Bank of America N.A.
	 
	68136464
	 
	USD
	 
	1,859,754.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGS1600683
	 
	Bank of Tokyo Mitsubishi UFJ Ltd.
	 
	S509869N
	 
	USD
	 
	134,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGS1700033
	 
	Bank of Tokyo Mitsubishi UFJ Ltd.
	 
	S511495N
	 
	USD
	 
	66,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGS1600093
	 
	Commerzbank AG
	 
	DAMAV70237550101
	 
	ZAR
	 
	327,000,000.00
	

	 
	payment obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGS1600355
	 
	Commerzbank AG
	 
	BD07F1O00134
	 
	CHF
	 
	250,000.00
	

	 
	not specified obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600264
	 
	Commerzbank AG
	 
	BD07B0600473
	 
	EUR
	 
	50,823.00
	

	 
	rental obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600268
	 
	Commerzbank AG
	 
	KYJAV70040390001
	 
	EUR
	 
	476,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGS1600266
	 
	Commerzbank AG
	 
	BD07F0900372
	 
	GBP
	 
	400,000.00
	

	 
	customs obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGS1600290
	 
	Commerzbank AG
	 
	DAMAV70209930101
	 
	EUR
	 
	2,000,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600323
	 
	Commerzbank AG
	 
	KYJAV70078160001
	 
	EUR
	 
	27,637.05
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGS1600326
	 
	Commerzbank AG
	 
	KYJAV70078940001
	 
	EUR
	 
	118,372.40
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	
																
	300BGS1600328
	 
	Commerzbank AG
	 
	DAMAV70229990101
	 
	EUR
	 
	14,138.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGS1600329
	 
	Commerzbank AG
	 
	KYJAV70080940001
	 
	EUR
	 
	96,699.40
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGS1600332
	 
	Commerzbank AG
	 
	DAMAV70232920101
	 
	EUR
	 
	6,550.25
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600333
	 
	Commerzbank AG
	 
	DAMAV70232930101
	 
	EUR
	 
	6,550.25
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600334
	 
	Commerzbank AG
	 
	DAMAV70232950101
	 
	EUR
	 
	7,280.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600335
	 
	Commerzbank AG
	 
	DAMAV70232970101
	 
	EUR
	 
	81,164.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600336
	 
	Commerzbank AG
	 
	DAMAV70232980101
	 
	EUR
	 
	81,164.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600338
	 
	Commerzbank AG
	 
	DAMAV70236430101
	 
	EUR
	 
	28,700.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600339
	 
	Commerzbank AG
	 
	DAMAV70236380101
	 
	EUR
	 
	17,460.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600340
	 
	Commerzbank AG
	 
	DAMAV70236550101
	 
	EUR
	 
	6,550.25
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600341
	 
	Commerzbank AG
	 
	DAMAV70236560101
	 
	EUR
	 
	6,550.25
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600342
	 
	Commerzbank AG
	 
	DAMAV70236570101
	 
	EUR
	 
	81,164.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	
																
	300BGS1600343
	 
	Commerzbank AG
	 
	DAMAV70236580101
	 
	EUR
	 
	79,875.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600344
	 
	Commerzbank AG
	 
	KYJAV70085020001
	 
	EUR
	 
	70,150.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGS1600349
	 
	Commerzbank AG
	 
	DAMAV70241600101
	 
	EUR
	 
	6,550.25
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600350
	 
	Commerzbank AG
	 
	DAMAV70241630101
	 
	EUR
	 
	81,164.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600351
	 
	Commerzbank AG
	 
	DAMAV70241650101
	 
	EUR
	 
	81,164.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600352
	 
	Commerzbank AG
	 
	DAMAV70241660101
	 
	EUR
	 
	6,550.25
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600365
	 
	Commerzbank AG
	 
	DAMAV70248720101
	 
	EUR
	 
	79,875.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600374
	 
	Commerzbank AG
	 
	DAMAV70248730101
	 
	EUR
	 
	79,875.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600376
	 
	Commerzbank AG
	 
	KYJAV7009320001
	 
	EUR
	 
	12,659.58
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600379
	 
	Commerzbank AG
	 
	KYJAV70093590001
	 
	EUR
	 
	26,122.82
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600381
	 
	Commerzbank AG
	 
	DAMAV70252830101
	 
	EUR
	 
	6,550.25
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600383
	 
	Commerzbank AG
	 
	DAMAV70252840101
	 
	EUR
	 
	6,550.25
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	
																
	300BGS1600385
	 
	Commerzbank AG
	 
	DAMAV70252870101
	 
	EUR
	 
	24,859.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600387
	 
	Commerzbank AG
	 
	DAMAV70252860101
	 
	EUR
	 
	79,875.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600400
	 
	Commerzbank AG
	 
	DAMAV70252850101
	 
	EUR
	 
	79,875.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600402
	 
	Commerzbank AG
	 
	DAMAV70252880101
	 
	EUR
	 
	24,859.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600404
	 
	Commerzbank AG
	 
	DAMAV70252890101
	 
	EUR
	 
	24,859.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600415
	 
	Commerzbank AG
	 
	DAMAV70259670101
	 
	EUR
	 
	149,657.60
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600418
	 
	Commerzbank AG
	 
	DAMAV70259630101
	 
	EUR
	 
	127,744.15
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600422
	 
	Commerzbank AG
	 
	DAMAV70259640101
	 
	EUR
	 
	127,744.15
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600444
	 
	Commerzbank AG
	 
	KYJAV70097480001
	 
	EUR
	 
	1,957.25
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGS1600430
	 
	Commerzbank AG
	 
	DAMAV70267800101
	 
	EUR
	 
	26,490.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600429
	 
	Commerzbank AG
	 
	DAMAV70267840101
	 
	EUR
	 
	18,856.35
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600425
	 
	Commerzbank AG
	 
	DAMAV70267740101
	 
	EUR
	 
	28,990.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	
																
	300BGS1600423
	 
	Commerzbank AG
	 
	DAMAV70267630101
	 
	EUR
	 
	28,990.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600421
	 
	Commerzbank AG
	 
	DAMAV70267640101
	 
	EUR
	 
	28,990.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600420
	 
	Commerzbank AG
	 
	DAMAV70267670101
	 
	EUR
	 
	43,573.10
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600414
	 
	Commerzbank AG
	 
	DAMAV70268360101
	 
	EUR
	 
	26,490.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600407
	 
	Commerzbank AG
	 
	DAMAV70270600101
	 
	EUR
	 
	16,548.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600405
	 
	Commerzbank AG
	 
	 
	 
	EUR
	 
	33,624.90
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600403
	 
	Commerzbank AG
	 
	DAMAV70270660101
	 
	EUR
	 
	26,490.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600397
	 
	Commerzbank AG
	 
	DAMAV70270680101
	 
	EUR
	 
	16,548.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600389
	 
	Commerzbank AG
	 
	DAMAV70279550101
	 
	EUR
	 
	5,563.33
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600388
	 
	Commerzbank AG
	 
	DAMAV70279510101
	 
	EUR
	 
	5,563.33
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600386
	 
	Commerzbank AG
	 
	DAMAV70279610101
	 
	EUR
	 
	9,520.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600384
	 
	Commerzbank AG
	 
	DAMAV70279600101
	 
	EUR
	 
	28,990.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	
																
	300BGS1600382
	 
	Commerzbank AG
	 
	DAMAV70279580101
	 
	EUR
	 
	28,990.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600380
	 
	Commerzbank AG
	 
	DAMAV70279520101
	 
	EUR
	 
	28,990.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600378
	 
	Commerzbank AG
	 
	DAMAV70279530101
	 
	EUR
	 
	28,990.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600375
	 
	Commerzbank AG
	 
	DAMAV70279540101
	 
	EUR
	 
	28,990.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600373
	 
	Commerzbank AG
	 
	DAMAV70279740101
	 
	EUR
	 
	45,363.80
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600370
	 
	Commerzbank AG
	 
	DAMVA70282070101
	 
	PLN
	 
	109,135.44
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGS1600368
	 
	Commerzbank AG
	 
	DAMAV70285090101
	 
	EUR
	 
	14,772.00
	

	 
	rental obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600431
	 
	Commerzbank AG
	 
	KYJAV70098860001
	 
	EUR
	 
	119,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600427
	 
	Commerzbank AG
	 
	DAMAV70267910101
	 
	EUR
	 
	127,744.15
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600419
	 
	Commerzbank AG
	 
	DAMAV70267660101
	 
	EUR
	 
	190,008.70
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600417
	 
	Commerzbank AG
	 
	DAMAV70267760101
	 
	EUR
	 
	190,008.70
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600416
	 
	Commerzbank AG
	 
	DAMAV70267770101
	 
	EUR
	 
	190,008.70
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	
																
	300BGS1600410
	 
	Commerzbank AG
	 
	KYJAV70100000001
	 
	EUR
	 
	81,515.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGS1600401
	 
	Commerzbank AG
	 
	DAMAV702727801
	 
	EUR
	 
	190,008.70
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600399
	 
	Commerzbank AG
	 
	DAMAV702727401
	 
	EUR
	 
	190,008.70
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600398
	 
	Commerzbank AG
	 
	DAMAV70272800101
	 
	EUR
	 
	190,008.70
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGS1600396
	 
	Commerzbank AG
	 
	KYJAV70101680001
	 
	EUR
	 
	142,800.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600393
	 
	Commerzbank AG
	 
	DAMAV70277280101
	 
	EUR
	 
	123,622.80
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGS1600372
	 
	Commerzbank AG
	 
	DAMAV70281060101
	 
	EUR
	 
	54,530.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600366
	 
	Commerzbank AG
	 
	DAMAV70283960101
	 
	EUR
	 
	132,570.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600360
	 
	Commerzbank AG
	 
	KYJAV70105590001
	 
	EUR
	 
	64,900.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGS1600795
	 
	Commerzbank AG
	 
	DAMAV70341660101
	 
	EUR
	 
	3,457,435.37
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGI1400865
	 
	Deutsche Bank AG
	 
	300BGI1400865
	 
	USD
	 
	520,510.01
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGI1401954
	 
	Deutsche Bank AG
	 
	300BGI1401954
	 
	USD
	 
	520,510.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	
																
	300BGI1500442
	 
	Deutsche Bank AG
	 
	300BGI1500442
	 
	USD
	 
	704,928.40
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1500718
	 
	Deutsche Bank AG
	 
	300BGI1500718
	 
	EUR
	 
	53,020.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1500814
	 
	Deutsche Bank AG
	 
	300BGI1500814
	 
	EUR
	 
	1,389.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1600276
	 
	Deutsche Bank AG
	 
	300BGI1400933
	 
	ZAR
	 
	2,027,164.15
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600275
	 
	Deutsche Bank AG
	 
	300BGI1400932
	 
	ZAR
	 
	2,104,271.10
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600274
	 
	Deutsche Bank AG
	 
	300BGI1400931
	 
	ZAR
	 
	2,027,164.15
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600273
	 
	Deutsche Bank AG
	 
	300BGI1400930
	 
	ZAR
	 
	2,027,164.15
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600270
	 
	Deutsche Bank AG
	 
	300BGI1400927
	 
	ZAR
	 
	7,226,782.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600262
	 
	Deutsche Bank AG
	 
	300BGI1400917
	 
	ZAR
	 
	28,853,755.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600261
	 
	Deutsche Bank AG
	 
	300BGI1400916
	 
	ZAR
	 
	27,231,317.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600272
	 
	Deutsche Bank AG
	 
	300BGI1400929
	 
	ZAR
	 
	2,027,164.15
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600271
	 
	Deutsche Bank AG
	 
	30=BGI1400928
	 
	ZAR
	 
	7,238,505.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	
																
	300BGI1600263
	 
	Deutsche Bank AG
	 
	300BGI1400919
	 
	ZAR
	 
	12,376,026.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600264
	 
	Deutsche Bank AG
	 
	300BGI1400920
	 
	ZAR
	 
	30,262,508.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600259
	 
	Deutsche Bank AG
	 
	300BGI1400915
	 
	ZAR
	 
	24,752,054.20
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600269
	 
	Deutsche Bank AG
	 
	300BGI1400926
	 
	ZAR
	 
	7,238,505.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600266
	 
	Deutsche Bank AG
	 
	300BGI1400923
	 
	ZAR
	 
	6,930,307.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600267
	 
	Deutsche Bank AG
	 
	300BGI1400924
	 
	ZAR
	 
	6,930,307.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600268
	 
	Deutsche Bank AG
	 
	300BGI1400925
	 
	ZAR
	 
	7,683,053.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600252
	 
	Deutsche Bank AG
	 
	300BGI1400907
	 
	ZAR
	 
	28,853,755.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600253
	 
	Deutsche Bank AG
	 
	300BGI1400908
	 
	ZAR
	 
	27,552,276.30
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600254
	 
	Deutsche Bank AG
	 
	300BGI1400909
	 
	ZAR
	 
	27,231,339.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600255
	 
	Deutsche Bank AG
	 
	300BGI1400910
	 
	ZAR
	 
	28,335,673.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600256
	 
	Deutsche Bank AG
	 
	300BGI1400911
	 
	ZAR
	 
	24,752,054.20
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	
																
	300BGI1600257
	 
	Deutsche Bank AG
	 
	300BGI1400913
	 
	ZAR
	 
	24,752,054.20
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600258
	 
	Deutsche Bank AG
	 
	300BGI1400914
	 
	ZAR
	 
	12,376,026.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600265
	 
	Deutsche Bank AG
	 
	300BGI1400921
	 
	ZAR
	 
	30,137,121.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600251
	 
	Deutsche Bank AG
	 
	300BGI1400906
	 
	ZAR
	 
	24,752,054.20
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600250
	 
	Deutsche Bank AG
	 
	300BGI1400904
	 
	ZAR
	 
	12,376,026.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600249
	 
	Deutsche Bank AG
	 
	300BGI1400903
	 
	ZAR
	 
	12,376,026.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600248
	 
	Deutsche Bank AG
	 
	300BGI1400902
	 
	ZAR
	 
	11,524,229.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600247
	 
	Deutsche Bank AG
	 
	300BGI1400900
	 
	ZAR
	 
	11,524,229.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600246
	 
	Deutsche Bank AG
	 
	300BGI1400899
	 
	ZAR
	 
	12,910,985.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600245
	 
	Deutsche Bank AG
	 
	300BGI1400898
	 
	ZAR
	 
	25,050,637.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600244
	 
	Deutsche Bank AG
	 
	300BGI1400896
	 
	ZAR
	 
	25,050,637.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600243
	 
	Deutsche Bank AG
	 
	300BGI1400894
	 
	ZAR
	 
	12,033,953.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	
																
	300BGI1600242
	 
	Deutsche Bank AG
	 
	300BGI1400893
	 
	ZAR
	 
	24,752,054.20
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600241
	 
	Deutsche Bank AG
	 
	300BGI1400892
	 
	ZAR
	 
	29,217,614.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600240
	 
	Deutsche Bank AG
	 
	300BGI1400891
	 
	ZAR
	 
	13,776,137.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600239
	 
	Deutsche Bank AG
	 
	300BGI1400887
	 
	ZAR
	 
	2,027,164.15
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600238
	 
	Deutsche Bank AG
	 
	300BGI1400886
	 
	ZAR
	 
	12,376,026.50
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600218
	 
	Deutsche Bank AG
	 
	300BGI0802243
	 
	USD
	 
	147,837.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600222
	 
	Deutsche Bank AG
	 
	300BGI0802247
	 
	EUR
	 
	245,065.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600221
	 
	Deutsche Bank AG
	 
	300BGI0802246
	 
	ZAR
	 
	47,395,176.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600219
	 
	Deutsche Bank AG
	 
	300BGI0802244
	 
	EUR
	 
	329,640.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600217
	 
	Deutsche Bank AG
	 
	300BGI0802241
	 
	EUR
	 
	245,065.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600216
	 
	Deutsche Bank AG
	 
	300BGI0802240
	 
	ZAR
	 
	46,822,761.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600229
	 
	Deutsche Bank AG
	 
	300BGI0802254
	 
	USD
	 
	147,837.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	
																
	300BGI1600227
	 
	Deutsche Bank AG
	 
	300BGI0802252
	 
	USD
	 
	147,837.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600211
	 
	Deutsche Bank AG
	 
	300BGI0802236
	 
	EUR
	 
	245,065.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600226
	 
	Deutsche Bank AG
	 
	300BGI0802251
	 
	EUR
	 
	245,065.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600225
	 
	Deutsche Bank AG
	 
	300BGI0802250
	 
	EUR
	 
	245,065.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600215
	 
	Deutsche Bank AG
	 
	300BGI0802239
	 
	ZAR
	 
	53,453,274.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600214
	 
	Deutsche Bank AG
	 
	300BGI0802238
	 
	ZAR
	 
	47,314,839.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600230
	 
	Deutsche Bank AG
	 
	300BGI0802255
	 
	ZAR
	 
	25,501,805.00
	

	 
	advance payment obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600213
	 
	Deutsche Bank AG
	 
	300BGI0802237
	 
	ZAR
	 
	47,435,456.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600210
	 
	Deutsche Bank AG
	 
	300BGI0801142
	 
	ZAR
	 
	5,711,847.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600209
	 
	Deutsche Bank AG
	 
	300BGI0801141
	 
	ZAR
	 
	5,711,847.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600220
	 
	Deutsche Bank AG
	 
	300BGI0802245
	 
	USD
	 
	147,837.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600233
	 
	Deutsche Bank AG
	 
	300BGI0802258
	 
	USD
	 
	147,837.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	
																
	300BGI1600224
	 
	Deutsche Bank AG
	 
	300BGI0802249
	 
	USD
	 
	147,837.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600208
	 
	Deutsche Bank AG
	 
	300BGI0801140
	 
	ZAR
	 
	5,711,847.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600223
	 
	Deutsche Bank AG
	 
	300BGI0802248
	 
	ZAR
	 
	48,450,828.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

	300BGI1600496
	 
	Deutsche Bank AG
	 
	300BGI1002112
	 
	AED
	 
	136,160.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGI1600508
	 
	Deutsche Bank AG
	 
	300BGI1300569
	 
	EUR
	 
	3,629.50
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGI1600545
	 
	Deutsche Bank AG
	 
	300BGI1500516
	 
	PLN
	 
	127,200.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGI1600551
	 
	Deutsche Bank AG
	 
	300BGI1500880
	 
	USD
	 
	10,900.00
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies UK Limited

	300BGI1600486
	 
	Deutsche Bank AG
	 
	300BGI0601003
	 
	EUR
	 
	75,750.00
	

	 
	customs obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGI1600487
	 
	Deutsche Bank AG
	 
	300BGI0700579
	 
	EUR
	 
	100,000.00
	

	 
	payment obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGI1600491
	 
	Deutsche Bank AG
	 
	300BGI0800970
	 
	EUR
	 
	70,000.00
	

	 
	payment obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGI1600514
	 
	Deutsche Bank AG
	 
	300BGI1301516
	 
	EUR
	 
	540,000.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr GmbH

	300BGI1600516
	 
	Deutsche Bank AG
	 
	300BGI1400151
	 
	EUR
	 
	698,327.27
	

	 
	tax obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	
																
	300BGI1600517
	 
	Deutsche Bank AG
	 
	300BGI1400760
	 
	EUR
	 
	541,168.73
	

	 
	tax obligations
	 
	SPX Corporation
	 
	Balcke-Duerr Italiana, S.r.l.

	300BGI1600544
	 
	Deutsche Bank AG
	 
	300BGI1500515
	 
	PLN
	 
	279,445.00
	

	 
	performance obligations
	 
	SPX Corporation
	 
	Balcke-Dürr Polska Sp. Z o.o.

	300BGI1600512
	 
	Deutsche Bank AG
	 
	300BGI1301043
	 
	EUR
	 
	99,796.34
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	SPX Cooling Technologies GmbH

	300BGI1700077
	 
	Deutsche Bank AG
	 
	300BGI1700077
	 
	USD
	 
	11,796.75
	

	 
	performance obligations
	 
	SPX Corporation
	 
	TCI International, Inc.

	300BGI1700308
	 
	Deutsche Bank AG
	 
	300BGI1700308
	 
	USD
	 
	76,317.30
	

	 
	performance obligations
	 
	SPX Corporation
	 
	SPX Heat Transfer LLC

	300BGI1700336
	 
	Deutsche Bank AG
	 
	300BGI1700336
	 
	ZAR
	 
	1,897,761.42
	

	 
	warranty obligations
	 
	SPX Corporation
	 
	DBT Technologies (Pty) Ltd

Schedule 1.1E
Existing Letters of Credit
	
													
	Issuing Lender
	 
	Letter of Credit No.
	 
	Amount
	 
	Beneficiary
	 
	Expiry Date
	 
	Type of Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-219360 JPM
	 
	$
	47,290.07
	

	 
	G.S. 505 PARK LLC
	 
	November 15, 2018
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-219646 JPM
	 
	$
	5,500,000.00
	

	 
	The Travelers Indemnity Company
	 
	November 26, 2018
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-221572 JPM
	 
	$
	17,695,938.00
	

	 
	Pacific Employers Insurance Company
	 
	January 10, 2019
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-225033 JPM
	 
	$
	200,000.00
	

	 
	Hartford Fire Insurance Company
	 
	April 30, 2018
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-228487 JPM
	 
	$
	775,821.00
	

	 
	The Continental Insurance Company
	 
	August 1, 2018
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-231123 JPM
	 
	$
	101,107.00
	

	 
	National Union Fire Insurance
	 
	May 11, 2018
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-232221 JPM
	 
	$
	25,000.00
	

	 
	Amerisure Mutual Insurance Company
	 
	December 1, 2018
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-232634 JPM
	 
	$
	100,000.00
	

	 
	Hartford Fire Insurance Company
	 
	May 11, 2018
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-391004 JPM
	 
	$
	345,000.00
	

	 
	Ohio Bureau of Workers Compensation
	 
	December 31, 2018
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-391427 JPM
	 
	$
	400,000.00
	

	 
	The Travelers Indemnity Company
	 
	January 14, 2019
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-392889 JPM
	 
	$
	900,000.00
	

	 
	United States Fidelity and Guaranty
	 
	January 1, 2019
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	TPTS-340430 JPM
	 
	$
	227,404.67
	

	 
	Minnesota Pollution Control Agency
	 
	December 31, 2018
	 
	Financial Letter of Credit

	JPMorgan Chase Bank, N.A.
	 
	P-231593 JPM
	 
	$
	80,000.00
	

	 
	Brown County Landfill
	 
	December 13, 2018
	 
	Non- Financial Letter of Credit

	Bank of America, N.A.
	 
	T00000068035208
	 
	$
	1,400,000.00
	

	 
	US Environmental Protection
	 
	March 21, 2018
	 
	Financial Letter of Credit

	Bank of America, N.A.
	 
	T00000068116868
	 
	$
	26,444.00
	

	 
	NJ Dept. of Environmental Protection
	 
	March 15, 2018
	 
	Financial Letter of Credit

	Bank of America, N.A.
	 
	T00000068116869
	 
	$
	7,730,000.00
	

	 
	Department of Toxic Subst.
	 
	March 31, 2018
	 
	Financial Letter of Credit

	Bank of America, N.A.
	 
	T00000068116870
	 
	$
	109,512.00
	

	 
	US Environmental Protection
	 
	April 21, 2018
	 
	Financial Letter of Credit

	Bank of America, N.A.
	 
	T00000068116871
	 
	$
	109,512.00
	

	 
	L&RR Site Group
	 
	April 21, 2018
	 
	Financial Letter of Credit

	Bank of America, N.A.
	 
	T00000068116873
	 
	$
	129,175.00
	

	 
	Connecticut Dept.
	 
	January 20, 2018
	 
	Financial Letter of Credit

Schedule 1.1F
Issuing Lender Sublimits
	
								
	Lender
	 
	Non-Financial Letters of Credit
	 
	Applicable Percentages for Non-Financial Letters of Credit

	Bank of America, N.A.
	 
	$
	40,000,000.00
	

	 
	40.000000000
	%

	Deutsche Bank AG Deutschlandgeschäft Branch
	 
	$
	40,000,000.00
	

	 
	40.000000000
	%

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	 
	$
	20,000,000.00
	

	 
	20.000000000
	%

Schedule 2.23
Foreign Subsidiary Borrowers
None.

Annex 3
Annex 3 to
Guarantee and Collateral Agreement
SECURED PARTY DESIGNATION NOTICE
TO:        Bank of America, N.A., as Administrative Agent
		
	RE:
	Guarantee and Collateral Agreement, dated as of September 24, 2015 (as amended, supplemented or otherwise modified from time to time, the “Guarantee and Collateral Agreement”), among SPX Corporation (the “Parent Borrower”) and certain Subsidiaries of the Parent Borrower from time to time parties thereto in favor of Bank of America, N.A., as Administrative Agent (in such capacity, together with its successors and permitted assigns in such capacity, the “Administrative Agent”)

DATE:        __________ ___, _____
    
The Parent Borrower hereby notifies the Administrative Agent that a Specified Obligations Party has entered into that certain [Describe Specified Loan Document] (the “New Specified Loan Document”).  Reference is hereby made to that certain Credit Agreement, dated as of September 1, 2015 (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement), among the Parent Borrower, the foreign subsidiary borrowers party thereto, the lenders from time to time party thereto, Bank of America, N.A., as administrative agent, and Deutsche Bank AG Deutschlandgeschäft Branch, as foreign trade facility agent.
The Indebtedness incurred under the New Specified Loan Document is expressly permitted pursuant to Section 6.2(j) of the Credit Agreement, Section 6.2(k) of the Credit Agreement or Section 6.2(r) of the Credit Agreement, as applicable.  The Parent Borrower hereby provides notice to the Administrative Agent that (a) the New Specified Loan Document is designated as a “Specified Loan Document” for purposes of the Guarantee and Collateral Agreement, and (b) each lender party to the New Specified Loan Document (each, a “Lender”) is a Secured Party under the Guarantee and Collateral Agreement.
By acknowledgement of this Secured Party Designation Notice, each of the undersigned Lenders hereby (a) appoints the Administrative Agent as its agent under the applicable Loan Documents, and (b) agrees to be bound by the provisions of Sections 8.3, 9.3 and 9.9 to the Credit Agreement as if it were a lender thereunder and such Indebtedness under the New Specified Loan Document had been incurred thereunder.
Delivery of an executed counterpart of a signature page of this notice by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice.
A duly authorized officer of each of the undersigned has executed this Secured Party Designation Notice as of the day and year set forth above.

SPX CORPORATION,
as Parent Borrower
By:                        
Name:                        
Title:                        
Acknowledged by:
[____________________],
as a Lender under the New Specified Loan Document
By:                        
Name:                        
Title:                        
BANK OF AMERICA, N.A.,
as Administrative Agent under the Credit Agreement
By:                        
Name:                        
Title:Exhibit 10.1

 

EXECUTION VERSION

 

LONESTAR RESOURCES AMERICA INC.

 

$250,000,000
 11.250% Senior Notes due 2023

 

Purchase Agreement

 

December 19, 2017

 

J.P. Morgan Securities LLC
 As Representative of the

several Initial Purchasers listed

in Schedule I hereto
 c/o J.P. Morgan Securities LLC
 383 Madison Avenue
 New York, New York 10179

 

Ladies and Gentlemen:

 

Lonestar Resources America Inc., a Delaware corporation (the “Issuer”), proposes to issue and sell to the several parties named in Schedule I hereto (the “Initial Purchasers”), for whom you (the “Representative”) are acting as representative, $250,000,000 principal amount of its 11.250% Senior Notes due 2023 (the “Notes”). The Notes will be issued under an indenture (the “Indenture”), to be dated as of the Closing Date (defined below), among the Issuer, the Guarantors (defined below) and UMB Bank, N.A., as trustee (the “Trustee”), and will be guaranteed on a senior unsecured basis (the “Guarantees” and, together with the Notes, the “Securities”) by each of the guarantors listed on Schedule II hereto (collectively, the “Guarantors”). Lonestar Resources US Inc., a Delaware corporation and parent company of the Issuer, is sometimes referred to herein as “Parent.” The Issuer and the Guarantors together are sometimes collectively referred to herein as the “Lonestar Parties.” To the extent there are no additional parties listed on Schedule I other than you, the term Representative as used herein shall mean you as the Initial Purchaser, and the term Initial Purchasers shall mean either the singular or plural as the context requires.  The use of the neuter in this Agreement shall include the feminine and masculine wherever appropriate.  Certain terms used herein are defined in Section 22 hereof.

 

The sale of the Securities to the Initial Purchasers will be made without registration of the Securities under the Act in reliance upon exemptions from the registration requirements of the Act.

 

In connection with the sale of the Securities, the Issuer has prepared a preliminary offering memorandum, dated December 14, 2017 (as amended or supplemented at the date thereof, including any and all exhibits thereto and any information incorporated by reference therein, the “Preliminary Memorandum”), and a final offering memorandum, dated December 19, 2017 (as amended or supplemented as of the Execution Time, including any and all exhibits

 

 

thereto and any information incorporated by reference therein, the “Final Memorandum”).  Each of the Preliminary Memorandum and the Final Memorandum sets forth certain information concerning the Issuer, the Guarantors and the Securities. Unless stated to the contrary, any references herein to the terms “amend”, “amendment” or “supplement” with respect to the Disclosure Package, the Preliminary Memorandum and the Final Memorandum shall be deemed to refer to and include any information filed under the Exchange Act subsequent to the Execution Time that is incorporated by reference therein.

 

The Issuer hereby confirms that it has authorized the use of the Disclosure Package, the Preliminary Memorandum and the Final Memorandum in connection with the offer and sale of the Securities by the Initial Purchasers.

 

1.     Representations and Warranties.  Each of the Lonestar Parties, jointly and severally, represents and warrants to, and agrees with, each Initial Purchaser as set forth below in this Section 1.

 

(a)       The Preliminary Memorandum, as of its date, did not, the Disclosure Package, at the Execution Time, did not, and at the Closing Date, will not, and the Final Memorandum, in the form first used by the Initial Purchasers to confirm sales of the Securities and as of the Closing Date, will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, that the Lonestar Parties make no representation or warranty with respect to any statements or omissions made in reliance upon and in conformity with information furnished to the Issuer in writing by such Initial Purchaser through the Representative expressly for use in the Preliminary Memorandum, the Disclosure Package or the Final Memorandum, it being understood and agreed that the only such information furnished by the Representative consists of the information described as such in Section 8(b) hereof.

 

(b)   The Lonestar Parties (including their agents and representatives, other than the Initial Purchasers in their capacity as such) have not prepared, made, used, authorized, approved or referred to and will not prepare, make, use, authorize, approve or refer to any written communication that constitutes an offer to sell or solicitation of an offer to buy the Securities (each such communication by the Lonestar Parties or their agents and representatives (other than a communication referred to in clauses (i) and (ii) below) an “Issuer Written Communication”) other than (i) the Preliminary Memorandum, (ii) the Final Memorandum, (iii) the documents listed on Schedule IV hereto, including a term sheet substantially in the form of Schedule V hereto, which constitute part of the Disclosure Package, (iv) any electronic road show or other written communications, in each case used in accordance with Section 5(c) and (v) the documents listed on Schedule VI hereto.  Each such Issuer Written Communication, when taken together with the Disclosure Package at the Execution Time, did not, and at the Closing Date, will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, that the Lonestar Parties make no representation or warranty with respect to any statements or omissions made in each such Issuer Written Communication in reliance upon and in conformity with information furnished to the Issuer in writing by such Initial Purchaser through the Representative expressly for use in any Issuer Written

 

2

 

Communication, it being understood and agreed that the only such information furnished by the Representative consists of the information described as such in Section 8(b) hereof.

 

(c)       None of the Lonestar Parties, any of their respective Affiliates, or any person acting on its or their behalf (other than the Initial Purchasers, as to which no representation is made) has, directly or indirectly, made offers or sales of any security, or solicited offers to buy, any security under circumstances that would require the registration of the Securities under the Act.

 

(d)       Assuming the accuracy of the representations and warranties of the Initial Purchasers contained in Section 4 and their compliance with the agreements set forth therein, none of the Lonestar Parties, any of their respective Affiliates, or any person acting on its or their behalf has: (i) engaged in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with any offer or sale of the Securities or (ii) engaged in any directed selling efforts (within the meaning of Regulation S) with respect to the Securities; and each of the Lonestar Parties, its Affiliates and each person acting on its or their behalf has complied with the offering restrictions requirement of Regulation S.

 

(e)       The Securities satisfy the eligibility requirements of Rule 144A(d)(3) under the Act.

 

(f)        Assuming the accuracy of the representations and warranties of the Initial Purchasers contained in Section 4 and their compliance with the agreements set forth therein, no registration under the Act of the Securities is required for the offer and sale of the Securities to or by the Initial Purchasers in the manner contemplated herein, in the Disclosure Package and the Final Memorandum.

 

(g)       None of the Lonestar Parties has paid or agreed to pay to any person any compensation for soliciting another to purchase the Securities, except as contemplated in this Agreement.

 

(h)       None of the Lonestar Parties has taken or will take, directly or indirectly, any action designed to or that has constituted or that would reasonably be expected to cause or result, under the Exchange Act or otherwise, in stabilization or manipulation of the price of any security of the Issuer to facilitate the sale or resale of the Securities.

 

(i)        Each of the Issuer and its subsidiaries (as defined in Rule 405 under the Act) has been duly organized or formed, is validly existing and in good standing as a corporation or other business entity under the laws of its jurisdiction of organization; each of the Issuer and its subsidiaries (as defined in Rule 405 under the Act) is duly qualified to do business and in good standing as a foreign corporation or other business entity in each jurisdiction in which its ownership or lease of property or the conduct of its businesses requires such qualification, except where the failure to be so qualified or in good standing would not, in the aggregate, reasonably be expected to have a material adverse effect on the condition (financial or otherwise), results of operations, stockholders’ equity, properties, business or prospects of the Issuer and its subsidiaries taken as a whole (in each case, a “Material Adverse Effect”); and each of the Issuer and its subsidiaries has all power and authority necessary to own or hold its properties and to

 

3

 

conduct the businesses in which it is engaged and as disclosed in the Disclosure Package.  The Issuer does not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiaries listed on Schedule III hereto. None of the subsidiaries of the Issuer other than Lonestar Resources, Inc., Eagle Ford Gas, LLC, Eagle Ford Gas 4, LLC, Eagle Ford Gas 5, LLC, Eagle Ford Gas 7, LLC, Eagle Ford Gas 8, LLC and Eagle Ford Gas 10, LLC is a “significant subsidiary” (as defined in Rule 405 under the Act).

 

(j)        Parent has the capitalization as set forth in the Disclosure Package and the Final Memorandum, and all of the issued shares of capital stock of Parent have been duly authorized and validly issued and are fully paid and non-assessable.  All of the issued shares of capital stock of each subsidiary of Parent are owned directly or indirectly by Parent, free and clear of all liens, encumbrances, equities or claims, except for such liens, encumbrances, equities or claims as would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

(k)   The statements in the Disclosure Package and the Final Memorandum under the headings “Material United States federal income tax considerations,” “Description of notes,” “Certain ERISA considerations” and “Description of other indebtedness”, in each case to the extent that they constitute matters of law or summaries of legal matters, any other instruments or agreements, summaries of legal proceedings, or legal conclusions, are correct in all material respects.

 

(l)        Each of the Lonestar Parties has full corporate or limited liability company right, power and authority to execute and deliver this Agreement and the Indenture  and, in the case of the Issuer, the Notes, and in the case of the Guarantors, the Guarantees set forth in the Indenture, and to perform its obligations hereunder and thereunder. All action required to be taken by the Lonestar Parties for due and proper authorization, execution and delivery of this Agreement has been validly taken.  The Indenture, at the Closing Date, will have been duly authorized, executed and delivered by each of the Lonestar Parties.

 

(m)      This Agreement has been duly authorized, executed and delivered by the Lonestar Parties; the Indenture has been duly authorized by each of the Lonestar Parties and, assuming due authorization, execution and delivery thereof by the Trustee, when executed and delivered by each of the Lonestar Parties, will constitute a legal, valid, binding instrument enforceable against each of the Lonestar Parties in accordance with its terms (as may be limited by (i) bankruptcy, reorganization, insolvency, fraudulent transfer, moratorium or other laws relating to or affecting creditors’ rights generally from time to time in effect and to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (ii) public policy, applicable law relating to fiduciary duties and indemnification and an implied covenant of good faith and fair dealing (collectively, the “Enforceability Limitations”)); the Notes have been duly authorized by the Issuer, and, when executed and authenticated in accordance with the provisions of the Indenture and delivered to and paid for by the Initial Purchasers, will have been duly executed and delivered by the Issuer and will constitute the legal, valid and binding obligations of the Issuer entitled to the benefits of the Indenture (subject to the Enforceability Limitations); the Guarantees have been duly authorized by each of the Guarantors, and, when the Notes have been duly issued and authenticated in accordance with the provisions of the Indenture and delivered to and paid for by

 

4

 

the Initial Purchasers, the Guarantees will constitute the legal, valid and binding obligations of the Guarantors entitled to the benefits of the Indenture (subject to the Enforceability Limitations).

 

(n)       None of the execution and delivery of this Agreement or the Indenture, the issuance and sale of the Securities, the application of the proceeds from the sale of the Securities as described under “Use of proceeds” in the Disclosure Package and the Final Memorandum, the consummation of any other of the transactions contemplated hereby, or the fulfillment of the terms hereof, whether with or without the giving of notice or passage of time or both, will (i) conflict with or result in a breach or violation of any of the terms or provisions of, impose any lien, charge or encumbrance upon any property or assets of the Issuer or any of its subsidiaries, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement, license or other agreement or instrument to which the Issuer or any of its subsidiaries is a party or by which the Issuer or any of its subsidiaries is bound or to which any of the property or assets of the Issuer or any of its subsidiaries is subject, (ii) result in any violation of the provisions of Organizational Documents of the Issuer or any of its subsidiaries, or (iii) result in any violation of any statute or any order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Issuer or any of its subsidiaries or any of their properties or assets, except, with respect to clauses (i) and (iii), such conflict, breach, violation or imposition of such lien, charge or encumbrance as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

(o)       No consent, approval, authorization, filing with or order of any court or governmental agency or body is required in connection with the transactions contemplated hereby or in the Indenture, except such as may be required under the blue sky laws of any jurisdiction in which the Securities are offered and sold.

 

(p)       Neither the Issuer nor any of its subsidiaries has sustained, since the date of the latest audited financial statements included or incorporated by reference in the Disclosure Package and the Final Memorandum, any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action, order or decree, and since such date, there has not been any change in the capital stock or long-term debt or net current assets of the Issuer or any of its subsidiaries or any adverse change, or any development or event involving a prospective change, in or affecting the condition (financial or otherwise), results of operations, stockholders’ equity, properties, management, business or prospects of the Issuer and its subsidiaries taken as a whole, in each case except as (i) would not, in the aggregate, reasonably be expected to have a Material Adverse Effect or (ii) has been publicly disclosed in accordance with the Exchange Act.

 

(q)       Since the date as of which information is given in the Disclosure Package and the Final Memorandum and except as described in the Disclosure Package and the Final Memorandum, none of the Lonestar Parties has (i) incurred any material liability or obligation, direct or contingent, other than liabilities and obligations that were incurred in the ordinary course of business, (ii) entered into any material transaction not in the ordinary course of business, (iii) declared or paid any dividend on its capital stock or (iv) purchased any of its capital stock.

 

5

 

(r)        The historical financial statements (including the related notes and supporting schedules) of Parent and its consolidated subsidiaries incorporated by reference in the Disclosure Package and the Final Memorandum present fairly the financial condition, results of operations and cash flows of the entities purported to be shown thereby at the dates and for the periods indicated and have been prepared in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) applied on a consistent basis throughout the periods involved; and the pro forma financial information and the related notes thereto included or incorporated by reference in each of the Disclosure Package and the Final Memorandum has been prepared in accordance with the Commission’s rules and guidance with respect to pro forma financial information, and the assumptions underlying such pro forma financial information are reasonable and are set forth in each of the Disclosure Package and the Final Memorandum.

 

(s)        BDO USA, LLP, who have certified certain financial statements of Parent and its consolidated subsidiaries and delivered their report with respect to the audited consolidated financial statements and schedules included or incorporated by reference in the Disclosure Package and the Final Memorandum, is an independent public accounting firm with respect to Parent and the Lonestar Parties within the applicable rules and regulations adopted by the Commission and the Public Company Accounting Oversight Board (United States) and as required by the Act, and were such during the periods covered by the financial statements on which they reported.

 

(t)        W.D. Von Gonten & Co., reserve engineers that prepared reserve reports on estimated net proved oil and gas reserves held by Parent and its subsidiaries as of December 31, 2016, December 31, 2015, December 31, 2014 and June 30, 2017, was, as of the date of preparation of such reserve reports, an independent petroleum engineer with respect to Parent. The information contained in the Disclosure Package and the Final Memorandum regarding estimated proved oil and gas reserves is based upon the reserve reports prepared byW.D. Von Gonten & Co. The information provided to W.D. Von Gonten & Co. by Parent, including, without limitation, information as to production, costs of operation and development, current prices for production and agreements relating to current and future operations and sales of production, was true and correct in all material respects on the dates that such reports were made. Such information was provided to W.D. Von Gonten & Co. in accordance with customary industry practices. The reserve reports prepared by W.D. Von Gonten & Co. setting forth the estimated proved reserves attributed to the oil and gas properties of Parent and its subsidiaries accurately reflect in all material respects the ownership interests of Parent, its subsidiaries and its predecessors in the properties therein. Other than normal production of reserves, intervening market commodity price fluctuations, fluctuations in demand for such products, adverse weather conditions, unavailability or increased costs of rigs, equipment, supplies or personnel, the timing of third party operations and other factors, changes in applicable regulations or regulatory guidance regarding the rules for estimating reserves, in each case in the ordinary course of business, and except as disclosed in the Disclosure Package and the Final Memorandum, none of the Lonestar Parties is aware of any facts or circumstances that would result in a material adverse change in the aggregate net reserves, or the present value of future net cash flows therefrom, as described in the Disclosure Package or the Final Memorandum and reserve reports; and the estimates of such reserves and present values as described in the Disclosure Package or the Final

 

6

 

Memorandum and reflected in the reserve reports comply in all material respects with the applicable requirements of Regulation S-X.

 

(u)       Except as (a) otherwise set forth in the Disclosure Package and the Final Memorandum or (b) would not, in the aggregate, reasonably be expected to have a Material Adverse Effect, the Issuer and each subsidiary have title to their respective properties as follows: (i) with respect to wells (including leasehold interests and appurtenant personal property) and non-producing oil and natural gas properties (including undeveloped locations on leases held by production and those leases not held by production), such title is good and free and clear of all liens, security interests, pledges, charges, encumbrances, mortgages and restrictions, (ii) with respect to non-producing properties in exploration prospects, such title was investigated in accordance with customary industry procedures prior to the acquisition thereof by the Issuer or any subsidiary, (iii) with respect to real property other than oil and gas interests, such title is good and marketable free and clear of all liens, security interests, pledges, charges, encumbrances, mortgages and restrictions, and (iv) with respect to personal property other than that appurtenant to oil and gas interests, such title is free and clear of all liens, security interests, pledges, charges, encumbrances, mortgages and restrictions. No other real property owned, leased or used by the Issuer or any subsidiary lies in an area which is, or to the knowledge of the Issuer will be, subject to restrictions which would prohibit, and no statements of facts relating to the actions or inaction of another person or entity or his or its ownership, leasing, or use of any real or personal property exists which would prevent, the continued effective ownership, leasing, exploration, development or production or use of such real property in the business of the Issuer or any subsidiary as presently conducted or as the Disclosure Package or the Final Memorandum indicates they contemplate conducting, except as may be described in the Disclosure Package or the Final Memorandum or such as in the aggregate do not now cause and will not in the future result in a Material Adverse Effect.

 

(v)       Each of the Lonestar Parties has, and on the Closing Date, will have, such consents, easements, rights-of-way or licenses from any person (collectively, “Rights-of-Way”) as are necessary to conduct its business in the manner described in the Disclosure Package and the Final Memorandum, subject to such qualifications as may be set forth in the Disclosure Package and the Final Memorandum and except for such rights-of-way the failure of which to obtain, would not reasonably be expected to have a Material Adverse Effect; and each of the Lonestar Parties has fulfilled and performed all of its material obligations with respect to such Rights-of-Way and no event has occurred that allows, or after notice or lapse of time would allow, revocation or termination thereof or would result in any impairment of the rights of the holder of any such Rights-of-Way, except for such failures to perform, revocations, termination and impairments that would not reasonably be expected to have a Material Adverse Effect upon the ability of the Lonestar Parties, taken as a whole, to conduct their businesses in all material respects as currently conducted and as contemplated in the Disclosure Package, subject in each case to such qualifications as may be set forth in the Disclosure Package.

 

(w)      The Issuer and each of its subsidiaries carry, or are covered by, insurance from insurers of recognized financial responsibility in such amounts and covering such risks as is adequate for the conduct of their respective businesses and the value of their respective properties and as is customary for companies engaged in similar businesses in similar industries.  All policies of insurance of the Issuer and its subsidiaries are in full force and effect; the Issuer

 

7

 

and its subsidiaries are in compliance with the terms of such policies in all material respects; and neither the Issuer nor any of its subsidiaries has received notice from any insurer or agent of such insurer that capital improvements or other expenditures are required or necessary to be made in order to continue such insurance; there are no claims by the Issuer or any of its subsidiaries under any such policy or instrument as to which any insurance company is denying liability or defending under a reservation of rights clause; and neither the Issuer nor any such subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not reasonably be expected to have a Material Adverse Effect.

 

(x)       Any statistical and market-related data included or incorporated by reference in the Disclosure Package and the Final Memorandum and the consolidated financial statements of Parent and its subsidiaries incorporated by reference in the Disclosure Package and the Final Memorandum are based on or derived from sources that the Issuer believes to be reliable and accurate.

 

(y)       None of the Lonestar Parties is or, after giving effect to the offering and sale of the Securities and the application of the proceeds thereof as described in the Disclosure Package and the Final Memorandum, will be, (i) an “investment company” within the meaning of such term under the Investment Company Act or (ii) a “business development company” (as defined in Section 2(a)(48) of the Investment Company Act).

 

(z)       There are no legal or governmental actions, suits or proceedings pending (including any inquiries or investigations) to which the Issuer or any of its subsidiaries is a party or of which any property or assets of the Issuer or any of its subsidiaries is the subject that would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or would, materially and adversely affect the performance of this Agreement or the consummation of the transactions contemplated hereby; and to the knowledge of the Lonestar Parties, no such proceedings are threatened or contemplated by governmental authorities or others.

 

(aa)     On and immediately after the Closing Date, following the consummation of the transactions contemplated by this Agreement, the Issuer and each Guarantor will be Solvent.  As used herein, “Solvent” shall mean that on such date (A) the fair value of the assets of the Issuer and its subsidiaries taken as a whole is not less than the total amount of liabilities of the Issuer and its subsidiaries taken as a whole, (B) the Issuer is able to pays its debts and other liabilities, contingent obligations and commitments as they mature and become due in the normal course of business, (C) assuming the consummation of the transactions contemplated by this Agreement, the Issuer is not incurring debts or liabilities beyond its ability to pay as such debts and liabilities mature and (D) the Issuer is not engaged in any business or transaction, and does not propose to engage in any business or transaction, for which its property would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which the Issuer is engaged.

 

8

 

(bb)     No labor disturbance by the employees of the Issuer or any of its subsidiaries exists or, to the knowledge of the Lonestar Parties, is imminent that could reasonably be expected to have a Material Adverse Effect.

 

(cc)     Except as would not reasonably be expected to have a Material Adverse Effect, (i) each “employee benefit plan” (within the meaning of Section 3(3) of the Employee Retirement Security Act of 1974, as amended (“ERISA”)), for which the Issuer or any member of its “Controlled Group” (defined as any organization which is a member of a controlled group of corporations within the meaning of Section 414 of the Internal Revenue Code of 1986, as amended (the “Code”)) would have any liability (each a “Plan”) has been maintained in compliance with its terms and with the requirements of all applicable statutes, rules and regulations including ERISA and the Code; (ii) with respect to each Plan subject to Title IV of ERISA (a) no “reportable event” (within the meaning of Section 4043(c) of ERISA) has occurred or is reasonably expected to occur, (b) no “accumulated funding deficiency” (within the meaning of Section 302 of ERISA or Section 412 of the Code), whether or not waived, has occurred or is reasonably expected to occur, (c) the fair market value of the assets under each Plan exceeds the present value of all benefits accrued under such Plan (determined based on those assumptions used to fund such Plan) and (d) neither the Issuer or any member of its Controlled Group has incurred, or reasonably expects to incur, any liability under Title IV of ERISA (other than contributions to the Plan or premiums to the Pension Benefit Guaranty Corporation in the ordinary course and without default) in respect of a Plan (including a “multiemployer plan”, within the meaning of Section 4001(c)(3) of ERISA); and (iii) each Plan that is intended to be qualified under Section 401(a) of the Code is so qualified and nothing has occurred, whether by action or by failure to act, which would cause the loss of such qualification.

 

(dd)     The Issuer and each of its subsidiaries have filed all federal, state, local and foreign income and franchise tax returns required to be filed through the date hereof, subject to permitted extensions, and have paid all taxes due thereon, and no tax deficiency has been determined adversely to the Issuer or any of its subsidiaries, nor does any Lonestar Party have any knowledge of any tax deficiencies, except, in each case, as would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

(ee)     Neither the Issuer nor any of its subsidiaries (i) is in violation of its Organizational Documents, (ii) is in default, and no event has occurred that, with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant or condition contained in any indenture, mortgage, deed of trust, loan agreement, license or other agreement or instrument to which it is a party or by which it is bound or to which any of its properties or assets is subject or (iii) is in violation of any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over it or its property or assets or has failed to obtain any license, permit, certificate, franchise or other governmental authorization or permit necessary to the ownership of its property or to the conduct of its business, except in the case of clauses (ii) and (iii), to the extent any such conflict, breach, violation or default would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

(ff)      Parent and each of its subsidiaries (i) make and keep accurate books and records and (ii) maintain systems of “internal control over financial reporting” (as defined in

 

9

 

Rule 13a-15(f) of the Exchange Act) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of, their respective principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP.  Parent and its subsidiaries maintain internal accounting controls sufficient to provide reasonable assurance that (A) transactions are executed in accordance with management’s general or specific authorizations; (B) transactions are recorded as necessary to permit preparation of financial statements in conformity with U.S. GAAP and to maintain asset accountability; (C) access to assets is permitted only in accordance with management’s general or specific authorization; and (D) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

 

(gg)     (i) Parent and each of its subsidiaries have established and maintain disclosure controls and procedures (as such term is defined in Rule 13a-15 under the Exchange Act), (ii) such disclosure controls and procedures are designed to ensure that the information required to be disclosed by Parent and its subsidiaries in the reports they will file or submit under the Exchange Act is accumulated and communicated to management of Parent and its subsidiaries, including their respective principal executive officers and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure to be made and (iii) such disclosure controls and procedures are effective in all material respects to perform the functions for which they were established.

 

(hh)     Since the date of the most recent balance sheet of Parent and its consolidated subsidiaries reviewed or audited by BDO USA, LLP and the audit committee (the “Audit Committee”) of the board of directors of Parent, (i) Parent has not been advised of (A) any significant deficiencies in the design or operation of internal controls that could adversely affect the ability of Parent and each of its subsidiaries to record, process, summarize and report financial data, or any material weaknesses in internal controls and (B) any fraud, whether or not material, that involves management or other employees who have a significant role in the internal controls of Parent and each of its subsidiaries, and (ii) since that date, there have been no significant changes in internal controls or in other factors that could significantly affect internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses.  Neither Parent nor its Audit Committee is reviewing or investigating, and neither Parent’s independent auditors nor its internal auditors have recommended that Parent or its Audit Committee review or investigate (1) adding to, deleting, changing the application of, or changing Parent’s disclosure with respect to, any of Parent’s material accounting policies, or (2) any matter which could result in a restatement of Parent’s financial statements for any annual or interim period during the current or prior three fiscal years.

 

(ii)   There is and has been no failure on the part of Parent and any of Parent’s directors or officers, in their capacities as such, to comply with the provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith.

 

(jj)       There are no off-balance sheet arrangements, outstanding guarantees or other contingent obligations of the Issuer that could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

10

 

(kk)              The Issuer and each of its subsidiaries have and are in compliance in all material respects with such permits, licenses, patents, franchises, certificates of need and other approvals or authorizations of governmental or regulatory authorities (“Permits”) as are necessary under applicable law to own their properties and conduct their businesses in the manner described in the Disclosure Package and the Final Memorandum, except for any of the foregoing where the failure to have such Permits would not, in the aggregate, reasonably be expected to have a Material Adverse Effect or except as described in the Disclosure Package and the Final Memorandum; each of the Issuer and its subsidiaries has fulfilled and performed all of its obligations with respect to the Permits, and no event has occurred that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other impairment of the rights of the holder or any such Permits, except for any of the foregoing that would not reasonably be expected to have a Material Adverse Effect or except as described in the Disclosure Package and the Final Memorandum. Neither the Issuer nor any of its subsidiaries has received notice of any revocation or modification of any Permits that would reasonably be expected to, in the aggregate, result in a Material Adverse Effect or has any reason to believe that any such Permits will not be renewed in the ordinary course.

 

(ll)                      The Issuer and each of its subsidiaries own or possess adequate rights to use all material patents, patent applications, trademarks, service marks, trade names, trademark registrations, service mark registrations, copyrights, licenses, know-how, software, systems and technology (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures) necessary for the conduct of their respective businesses and have no reason to believe that the conduct of their respective businesses will conflict with, and have not received any notice of any claim of conflict with, any such rights of others.

 

(mm)      The Issuer and each of its subsidiaries (i) are, and at all times prior hereto were, in compliance with all laws, regulations, ordinances, rules, orders, judgments, decrees or other legal requirements of any governmental authority, including without limitation any international, national, state, provincial, regional, or local authority, relating to the protection of human health or safety (as each relates to exposure to hazardous or toxic substances or wastes, pollutants or contaminants), the environment, or natural resources, or to hazardous or toxic substances or wastes, pollutants or contaminants (“Environmental Laws”) applicable to such entity, which compliance includes, without limitation, obtaining, maintaining and complying with all permits and authorizations and approvals required by Environmental Laws to conduct their respective businesses, and (ii) have not received notice of any actual or alleged violation of Environmental Laws, or of any potential liability for or other obligation concerning the presence, disposal or release of hazardous or toxic substances or wastes, pollutants or contaminants, except in the case of clause (i) or (ii) where such non-compliance, violation, liability, or other obligation would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.  Except as described in the Disclosure Package and the Final Memorandum, (A) there are no proceedings that are pending, or known to be contemplated, against the Issuer or any of its subsidiaries under Environmental Laws in which a governmental authority is also a party, other than such proceedings regarding which it is reasonably believed no monetary sanctions of $100,000 or more will be imposed, (B) the Issuer and its subsidiaries are not aware of any issues regarding compliance with Environmental Laws, or liabilities or other obligations under Environmental Laws or concerning hazardous or toxic substances or wastes, pollutants or contaminants, that

 

11

 

could reasonably be expected to have a material effect on the capital expenditures, earnings or competitive position of the Issuer and its subsidiaries, and (C) none of the Issuer and its subsidiaries anticipates material capital expenditures relating to Environmental Laws.

 

(nn)              Neither the Issuer nor any subsidiary is in violation of or has received notice of any violation with respect to any federal or state law relating to discrimination in the hiring, promotion or pay of employees, nor any applicable federal or state wage and hour laws, nor any state law precluding the denial of credit due to the neighborhood in which a property is situated, the violation of any of which would reasonably be expected to have a Material Adverse Effect.

 

(oo)              No subsidiary of the Issuer is currently prohibited, directly or indirectly, from paying any dividends or distributions to the Issuer or any other subsidiary, from making any other distribution of cash on such subsidiary’s capital stock or equity interests, from repaying to the Issuer any loans or advances to such subsidiary from the Issuer or from transferring any of such subsidiary’s property or assets to the Issuer or any other subsidiary of the Issuer, except as described in the Disclosure Package and the Final Memorandum.

 

(pp)  The operations of the Issuer and its subsidiaries are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements, including those of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the applicable money laundering statutes of all jurisdictions where the Issuer or any of its subsidiaries conducts business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Issuer or any of its subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of each of the Lonestar Parties, threatened.

 

(qq)                    Neither the Issuer nor any of its subsidiaries, directors, officers or employees, nor, to the knowledge of the Lonestar Parties, any agent, affiliate or other person associated with or acting on behalf of the Issuer or any of its subsidiaries is currently the subject or the target of any sanctions administered or enforced by the U.S. government (including, without limitation, the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State and including, without limitation, the designation as a “specially designated national” or “blocked person”), the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), nor is the Issuer or any of its subsidiaries located, organized or resident in a country or territory that is the subject or target of Sanctions, including, without limitation, Cuba, Iran, North Korea, Syria and Crimea (each, a “Sanctioned Country”); and the Issuer will not directly or indirectly use the proceeds of the offering of the Securities hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity (i) to fund or facilitate any activities of or business with any person that, at the time of such funding or facilitation, is the subject or target of Sanctions, (ii) to fund or facilitate any activities of or business in any Sanctioned Country or (iii) in any other manner that will result in a violation by any person (including any person participating in the transaction, whether as underwriter, initial purchaser, advisor, investor or otherwise) of Sanctions.  For the past five years, the Issuer and its subsidiaries have not knowingly engaged in, are not now knowingly engaged in any dealings or

 

12

 

transactions with any person that at the time of the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country.

 

(rr)                    Neither the Issuer nor any of its subsidiaries, nor any director, officer or employee of the Issuer or any of its subsidiaries nor, to the knowledge of the Lonestar Parties, any agent, affiliate or other person associated with or acting on behalf of the Issuer or any of its subsidiaries has (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made or taken an act in furtherance of an offer, promise or authorization of any direct or indirect unlawful payment or benefit to any foreign or domestic government official or employee, including of any government-owned or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political office; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended, or any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, or committed an offence under  the Bribery Act 2010 of the United Kingdom, or any other applicable anti-bribery or anti-corruption law; or (iv) made, offered, agreed, requested or taken an act in furtherance of any unlawful bribe or other unlawful benefit, including, without limitation, any  rebate, payoff, influence payment, kickback or other unlawful or improper payment or benefit.  The Issuer and its subsidiaries have instituted, maintain and enforce policies and procedures designed to promote and ensure compliance with all applicable anti-bribery and anti-corruption laws.

 

(ss)                  Except as described in the Disclosure Package and the Final Memorandum, the Issuer has no debt securities or preferred stock that is rated by any “nationally recognized statistical rating organization” (as defined in Section 3(a)(62) of the Exchange Act).

 

(tt)                    Any certificate required to be signed by any officer of the Lonestar Parties and delivered to the Representative or counsel for the Initial Purchasers on behalf of a Lonestar Party in connection with this Agreement or the offering of the Securities shall be deemed a representation and warranty by such Lonestar Party to the Initial Purchasers as to matters covered thereby.

 

2.              Purchase and Sale.  Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Issuer agrees to sell to each Initial Purchaser, and each Initial Purchaser agrees, severally and not jointly, to purchase from the Issuer, at a purchase price of 98.00% of the principal amount thereof, plus accrued interest, if any, from January 4, 2018 to the Closing Date, the principal amount of Notes set forth opposite such Initial Purchaser’s name in Schedule I hereto.

 

3.              Delivery and Payment.  Delivery of and payment for the Securities shall be made at 10:00 A.M., New York City time, on January 4, 2018, or at such time on such later date not more than two Business Days after the foregoing date as the Representative shall designate, which date and time may be postponed by agreement between the Representative and the Issuer or as provided in Section 9 hereof (such date and time of delivery and payment for the Securities being herein called the “Closing Date”).  Delivery of the Securities shall be made to the Representative for the respective accounts of the several Initial Purchasers against payment by

 

13

 

the several Initial Purchasers through the Representative of the purchase price thereof to or upon the order of the Issuer by wire transfer payable in same-day funds to the account specified by the Issuer.  Delivery of the Securities shall be made through the facilities of The Depository Trust Company (“DTC”) unless the Representative shall otherwise instruct.

 

4.              Offering by Initial Purchasers.  (a)  Each Initial Purchaser acknowledges that the Securities have not been and will not be registered under the Act and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Act.

 

(b)         Each Initial Purchaser, severally and not jointly, represents and warrants to and agrees with the Issuer that:

 

(i)                                     it has not offered or sold, and will not offer or sell, any Securities within the United States or to, or for the account or benefit of, U.S. persons (x) as part of their distribution at any time or (y) otherwise until 40 days after the later of the commencement of the offering and the date of the closing of the offering except:

 

(A)                               to those it reasonably believes to be “qualified institutional buyers” (as defined in Rule 144A under the Act) or

 

(B)                               in accordance with Rule 903 of Regulation S;

 

(ii)                                  neither it nor any person acting on its behalf has made or will make offers or sales of the Securities in the United States by means of any form of general solicitation or general advertising (within the meaning of Regulation D) in the United States;

 

(iii)                               in connection with each sale pursuant to Section 4(b)(i)(A), it has taken or will take reasonable steps to ensure that the purchaser of such Securities is aware that such sale may be made in reliance on Rule 144A;

 

(iv)                              neither it, nor any of its Affiliates nor any person acting on its or their behalf has engaged or will engage in any directed selling efforts (within the meaning of Regulation S) with respect to the Securities;

 

(v)                                 it is an “accredited investor” (as defined in Rule 501(a) of Regulation D);

 

(vi)                              it has complied and will comply with the offering restrictions requirement of Regulation S;

 

(vii)                           at or prior to the confirmation of sale of Securities (other than a sale of Securities pursuant to Section 4(b)(i)(A) of this Agreement), it shall have sent to each distributor, dealer or person receiving a selling concession, fee or other remuneration that purchases Securities from it during the distribution

 

14

 

compliance period (within the meaning of Regulation S) a confirmation or notice to substantially the following effect:

 

“The Securities covered hereby have not been registered under the U.S. Securities Act of 1933 (the “Act”) and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (i) as part of their distribution at any time or (ii) otherwise until 40 days after the later of the commencement of the offering and the date of closing of the offering, except in either case in accordance with Regulation S or Rule 144A under the Act. Additional restrictions on the offer and sale of the Securities are described in the offering memorandum for the Securities. Terms used in this paragraph have the meanings given to them by Regulation S”;

 

(viii)                        it has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000 (the “FSMA”)) received by it in connection with the issue or sale of any Securities, in circumstances in which Section 21(1) of the FSMA does not apply to the Issuer;

 

(ix)                              it has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to the Securities in, from or otherwise involving the United Kingdom; and

 

(x)                                 in relation to each Member State of the European Economic Area (each, a “Member State”), with effect from and including the date on which the Prospectus Directive is implemented in that Member State (the “Relevant Implementation Date”), it has not made and will not make an offer to the public of any Securities which are the subject of the offering contemplated by this Agreement in that Member State, except that it is permitted to have made and may make an offer to the public in that Member State of any Securities at any time with effect from and including the Relevant Implementation Date under the following exemptions under the Prospectus Directive (defined below), if they have been implemented in that Member State:

 

(A)                               to legal entities which are qualified investors as defined in the Prospectus Directive;

 

(B)                               to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under the Prospectus Directive, subject to obtaining the prior consent of the Representative for any such offer; or

 

(C)                               in any other circumstances falling within Article 3(2) of the Prospectus Directive;

 

provided that no such offer of Securities shall require the Issuer or any Initial Purchaser to publish a prospectus pursuant to Article 3 of the Prospectus

 

15

 

Directive. For the purposes of this provision, the expression an “offer to the public” in relation to any Securities in any Member State means the communication in any form and by any means of sufficient information on the terms of the offer and any Securities to be offered so as to enable an investor to decide to purchase any Securities, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State, and the expression “Prospectus Directive” means Directive 2003/71/EC (as amended, including by Directive 2010/73/EU) and includes any relevant implementing measure in each Member State.

 

5.              Agreements.  The Lonestar Parties jointly and severally agree with each Initial Purchaser that:

 

(a)         The Lonestar Parties will furnish to each Initial Purchaser and to counsel for the Initial Purchasers, without charge, as many copies of the materials contained in the Disclosure Package and the Final Memorandum and any amendments and supplements thereto as they may reasonably request.

 

(b)         The Lonestar Parties will prepare a final term sheet, containing solely a description of final terms of the Securities and the offering thereof, in the form approved by the Representative and attached as Schedule V hereto.

 

(c)          Before using, authorizing, approving or referring to any Issuer Written Communication, the Lonestar Parties will furnish to the Representative and counsel for the Initial Purchasers a copy of such written communication for review and will not make, prepare, use, authorize, approve or refer to any such written communication to which the Representative reasonably objects.

 

(d)         The Lonestar Parties will not amend or supplement the Disclosure Package or the Final Memorandum, other than by filing documents under the Exchange Act that are incorporated by reference therein, without the prior written consent of the Representative; provided, however, that prior to the completion of the distribution of the Securities by the Initial Purchasers (as defined by the Initial Purchasers), the Lonestar Parties will not permit the filing of any document under the Exchange Act that is incorporated by reference in the Disclosure Package or the Final Memorandum unless, prior to such proposed filing, the Lonestar Parties have furnished the Representative with a copy of such document for its review, and either (i) such filing, in the judgment of the Issuer, is necessary to comply with all applicable laws and regulations or (ii) the Representative has not reasonably objected to the filing of such document.  The Lonestar Parties will promptly advise the Representative when any document filed under the Exchange Act that is incorporated by reference in the Disclosure Package or the Final Memorandum shall have been filed with the Commission.

 

(e)          If at any time prior to the completion of the sale of the Securities by the Initial Purchasers (as determined by the Representative), any event occurs as a result of which the Disclosure Package or the Final Memorandum, as then amended or supplemented, would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made or the

 

16

 

circumstances then prevailing, not misleading, or if it should be necessary to amend or supplement the Disclosure Package or the Final Memorandum to comply with applicable law, the Lonestar Parties will promptly (i) notify the Representative of any such event; (ii) subject to the requirements of Section 5(d), prepare an amendment or supplement that will correct such statement or omission or effect such compliance; and (iii) supply any supplemented or amended Disclosure Package or Final Memorandum to the several Initial Purchasers and counsel for the Initial Purchasers without charge in such quantities as they may reasonably request.

 

(f)           Without the prior written consent of the Representative, the Lonestar Parties have not given and will not give to any prospective purchaser of the Securities any written information concerning the offering of the Securities other than materials contained in the Disclosure Package, the Final Memorandum or any other offering materials prepared by or with the prior written consent of the Representative.

 

(g)          The Lonestar Parties will arrange, if necessary, for the qualification of the Securities for sale by the Initial Purchasers under the laws of such jurisdictions as the Representative may designate (including certain provinces of Canada) and will maintain such qualifications in effect so long as required for the sale of the Securities; provided that in no event shall the Lonestar Parties be obligated to qualify to do business in any jurisdiction where they are not now so qualified or to take any action that would subject them to service of process in suits, other than those arising out of the offering or sale of the Securities, in any jurisdiction where they are not now so subject or where they would be subject to taxation as a foreign person.  The Lonestar Parties will promptly advise the Representative of the receipt by the Lonestar Parties of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose.

 

(h)         During a period of one year from the Closing Date, the Lonestar Parties will not, and will not permit any of their respective Affiliates to, resell any Securities that have been acquired by any of them.

 

(i)             None of the Lonestar Parties, their respective Affiliates, or any person acting on its or their behalf (other than the Initial Purchasers, as to whom no covenant is given) will, directly or indirectly, make offers or sales of any security, or solicit offers to buy any security, under circumstances that would require the registration of the Securities under the Act.

 

(j)            None of the Lonestar Parties, their respective Affiliates, or any person acting on its or their behalf (other than the Initial Purchasers, as to whom no covenant is given) will engage in any directed selling efforts (within the meaning of Regulation S) with respect to the Securities; and each of them will comply with the offering restrictions requirement of Regulation S.

 

(k)         None of the Lonestar Parties, their respective Affiliates, or any person acting on its or their behalf (other than the Initial Purchasers, as to whom no covenant is given) will engage in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with any offer or sale of the Securities in the United States.

 

17

 

(l)             For so long as any of the Securities are outstanding and are “restricted securities” within the meaning of Rule 144(a)(3) under the Act, the Lonestar Parties, during any period in which they are not subject to and in compliance with Section 13 or 15(d) of the Exchange Act or they are not exempt from such reporting requirements pursuant to and in compliance with Rule 12g3-2(b) under the Exchange Act, will provide to each holder of such restricted securities and to each prospective purchaser (as designated by such holder) of such restricted securities, upon the request of such holder or prospective purchaser, any information required to be provided by Rule 144A(d)(4) under the Act (it being acknowledged and agreed that, prior to the first date on which information is required to be provided under the Indenture, the information contained in the Disclosure Package and the Final Memorandum is sufficient for this purpose).  This covenant is intended to be for the benefit of the holders, and the prospective purchasers designated by such holders, from time to time of such restricted securities.

 

(m)     The Lonestar Parties will cooperate with the Representative and use their best efforts to permit the Securities to be eligible for clearance and settlement through DTC.

 

(n)         Each of the Securities will bear, to the extent applicable, the legend contained in “Transfer restrictions” in the Preliminary Memorandum and the Final Memorandum for the time period and upon the other terms stated therein.

 

(o)         The Lonestar Parties will not for a period of 60 days following the Execution Time, without the prior written consent of the Representative, offer, sell, contract to sell, pledge, otherwise dispose of, or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by any of the Lonestar Parties, or any Affiliate of the Lonestar Parties or any person in privity with the Lonestar Parties or any Affiliate of any of the Lonestar Parties), directly or indirectly, or announce the offering, of any debt securities issued or guaranteed by the Lonestar Parties (other than the Securities).

 

(p)         The Lonestar Parties will not take, directly or indirectly, any action designed to, or that has constituted or that might reasonably be expected to, cause or result, under the Exchange Act or otherwise, in stabilization or manipulation of the price of any security of the Lonestar Parties to facilitate the sale or resale of the Securities.

 

(q)         The Lonestar Parties will, for a period of twelve months following the Execution Time, furnish to the Representative (i) all reports or other communications (financial or other) generally made available to its members or shareholders, and deliver such reports and communications to the Representative as soon as they are available, unless such documents are furnished to or filed with the Commission or any securities exchange on which any class of securities of the Lonestar Parties are listed and generally made available to the public and (ii) such additional information concerning the business and financial condition of the Lonestar Parties as the Representative may from time to time reasonably request (such statements to be on a consolidated basis to the extent the accounts of the Issuer and its subsidiaries are consolidated in reports furnished to its members or shareholders).

 

(r)            The Lonestar Parties, jointly and severally, agree to pay the costs and expenses relating to the following matters: (i) the preparation of the Indenture and the issuance

 

18

 

and delivery of the Securities and the fees of the Trustee; (ii) the preparation, printing or reproduction of the materials contained in the Disclosure Package and the Final Memorandum and each amendment or supplement to either of them; (iii) the printing (or reproduction) and delivery (including postage, air freight charges and charges for counting and packaging) of such copies of the materials contained in the Disclosure Package and the Final Memorandum, and all amendments or supplements to either of them, as may, in each case, be reasonably requested for use in connection with the offering and sale of the Securities; (iv) any stamp or transfer taxes in connection with the original issuance and sale of the Securities; (v) the printing (or reproduction) and delivery of this Agreement, any blue sky memorandum and all other agreements or documents printed (or reproduced) and delivered in connection with the offering of the Securities; (vi) any registration or qualification of the Securities for offer and sale under the securities or blue sky laws of the several states, the provinces of Canada and any other jurisdictions specified pursuant to Section 5(f) (including filing fees and the reasonable fees and expenses of counsel for the Initial Purchasers relating to such registration and qualification) and the preparation, printing and distribution of a Blue Sky Memorandum (including the related fees and reasonable expenses of counsel for the Initial Purchasers not to exceed $7,500); (vii) the transportation and other expenses incurred by or on behalf of representatives of the Lonestar Parties in connection with presentations to prospective purchasers of the Securities; (viii) the fees and expenses of Parent’s accountants and the fees and expenses of counsel (including local and special counsel) for the Lonestar Parties; and (ix) all other costs and expenses incident to the performance by the Lonestar Parties of their obligations hereunder; provided however, that the expenses related to the chartering of airplanes shall be paid 50% by the Lonestar Parties and 50% by the Initial Purchasers.

 

6.              Conditions to the Obligations of the Initial Purchasers.  The obligations of the Initial Purchasers to purchase the Securities shall be subject to the accuracy of the representations and warranties of the Lonestar Parties contained herein at the Execution Time and the Closing Date, to the accuracy of the statements of the Lonestar Parties made in any certificates pursuant to the provisions hereof, to the performance by the Lonestar Parties of their respective obligations hereunder and to the following additional conditions:

 

(a)         The Issuer shall have requested and caused Latham & Watkins LLP, counsel for the Lonestar Parties, to furnish to the Initial Purchasers its opinion or opinions and negative assurance letter, dated the Closing Date and addressed to the Representative, in form and substance satisfactory to the Representative, to the effect set forth in Annex A.

 

(b)         The Initial Purchasers shall have received from Simpson Thacher & Bartlett LLP, counsel for the Initial Purchasers, such opinion or opinions, dated the Closing Date and addressed to the Initial Purchasers, with respect to the issuance and sale of the Securities, the Indenture, the Disclosure Package, the Final Memorandum and other related matters as the Representative may reasonably require, and the Lonestar Parties shall have furnished to such counsel such documents as they request for the purpose of enabling them to pass upon such matters.

 

(c)          The Issuer shall have furnished to the Initial Purchasers a certificate of each of the Lonestar Parties, signed by (x) the President or Chief Executive Officer and (y) the Chief Financial Officer, dated the Closing Date, to the effect that the signers of such certificate have

 

19

 

carefully examined the Disclosure Package and the Final Memorandum and any supplements or amendments thereto, and this Agreement and that:

 

(i)                                     the representations and warranties of the Lonestar Parties in this Agreement are true and correct on and as of the Closing Date with the same effect as if made on the Closing Date, and each of the Lonestar Parties has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied hereunder at or prior to the Closing Date; and

 

(ii)                                  since the date of the most recent financial statements included or incorporated by reference in the Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto), there has been no material adverse change in the condition (financial or otherwise), prospects, earnings, business or properties of the Lonestar Parties, taken as a whole, whether or not arising from transactions in the ordinary course of business.

 

(d)         Subsequent to the Execution Time, (i) neither the Issuer nor any of its subsidiaries shall have sustained, since the date of the latest audited financial statements included in the Disclosure Package, any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor disturbance or dispute or from any court, regulatory authority or governmental action, order or decree or (ii) since such date there shall not have been any change in the capital stock or long-term debt or net current assets of the Issuer or any of its subsidiaries or any change, or any development involving a prospective change, in or affecting the condition (financial or otherwise), results of operations, stockholders’ equity, properties, management, business or prospects of the Issuer and its subsidiaries taken as a whole, the effect of which, in any such case described in clause (i) or (ii), is, in the sole judgment of the Representative, so material and adverse as to make it impracticable or inadvisable to proceed with the offering, sale or delivery of the Securities as contemplated in the Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto).

 

(e)          At the Execution Time and at the Closing Date, the Issuer shall have requested and caused BDO USA, LLP to furnish to the Representative letters, dated respectively as of the Execution Time and as of the Closing Date, in form and substance satisfactory to the Representative containing statements and information of the type ordinarily included in accountants’ “comfort letters” to Initial Purchasers with respect to the financial statements and certain financial information contained in the Disclosure Package and the Final Memorandum.

 

(f)           At the Execution Time and at the Closing Date, the Issuer shall have requested and caused W.D. Von Gonten & Co. to furnish to the Representative, expert letters, dated respectively as of the Execution Time and as of the Closing Date, in form and substance satisfactory to the Representative, confirming certain matters relating to information about the oil and gas reserves of the Lonestar Parties presented in the Disclosure Package (with respect to a letter dated as of the Execution Time) or the Final Memorandum (with respect to a letter dated the Closing Date).

 

(g)          The Securities shall be eligible for clearance and settlement through DTC.

 

20

 

(h)         Subsequent to the Execution Time, there shall not have been any decrease in the rating of the Securities by any “nationally recognized statistical rating organization” (as defined in section 3(a)(62) of the Exchange Act) or any notice given of any intended or potential decrease in any such rating or of a possible change in any such rating that does not indicate the direction of the possible change.

 

(i)             At the Execution Time, the Issuer shall have requested and caused Hein & Associates LLP to furnish to the Representative letters, dated as of the Execution Time, in form and substance satisfactory to the Representative containing statements and information of the type ordinarily included in accountants’ “comfort letters” to Initial Purchasers with respect to the financial statements and certain financial information contained in the Disclosure Package and the Final Memorandum.

 

(j)            At the Execution Time, the Issuer shall have requested and caused Moss Adams LLP to furnish to the Representative letters, dated as of the Execution Time, in form and substance satisfactory to the Representative containing statements and information of the type ordinarily included in accountants’ “comfort letters” to Initial Purchasers with respect to the financial statements and certain financial information contained in the Disclosure Package and the Final Memorandum.

 

(k)         Prior to the Closing Date, the Lonestar Parties shall have furnished to the Representative such further information, certificates and documents as the Representative may reasonably request.

 

If any of the conditions specified in this Section 6 shall not have been fulfilled when and as provided in this Agreement, or if any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Representative and counsel for the Initial Purchasers, this Agreement and all obligations of the Initial Purchasers hereunder may be cancelled at, or at any time prior to, the Closing Date by the Representative.  Notice of such cancellation shall be given to the Issuer in writing or by telephone or facsimile confirmed in writing.

 

The documents required to be delivered by this Section 6 will be delivered at the office of Simpson Thacher & Bartlett LLP, counsel for the Initial Purchasers, at 425 Lexington Avenue, New York, New York 10017, on the Closing Date.

 

7.              Reimbursement of Expenses.  If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Initial Purchasers set forth in Section 6 hereof is not satisfied or because of any refusal, inability or failure on the part of the Issuer to perform any agreement herein or comply with any provision hereof other than by reason of a default by any of the Initial Purchasers, including pursuant to Section 9 hereof, the Issuer will reimburse the Initial Purchasers severally through the Representative on demand for all reasonable expenses (including reasonable fees and disbursements of counsel) that shall have been incurred by them in connection with the proposed purchase and sale of the Securities.

 

21

 

8.              Indemnification and Contribution.

 

(a)                                 Each of the Lonestar Parties jointly and severally agrees to indemnify and hold harmless each Initial Purchaser, its affiliates, directors and officers and each person, if any, who controls such Initial Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any and all losses, claims, damages and liabilities (including, without limitation, legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are incurred), joint or several, that arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Memorandum, the Disclosure Package, any Issuer Written Communication or the Final Memorandum (or any amendment or supplement thereto) or any omission or alleged omission to state therein a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information furnished to the Issuer in writing by such Initial Purchaser through the Representative expressly for use therein.

 

(b)                                 Each Initial Purchaser agrees, severally and not jointly, to indemnify and hold harmless the Lonestar Parties, each of their respective directors and officers and each person, if any, who controls any of the Lonestar Parties within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to such Initial Purchaser furnished to the Issuer in writing by such Initial Purchaser through the Representative expressly for use in the Preliminary Memorandum, the Disclosure Package, any Issuer Written Communication or the Final Memorandum (or any amendment or supplement thereto), it being understood and agreed that the only such information consists of the following paragraphs in the Preliminary Memorandum and the Final Memorandum: the statements set forth under the third paragraph, the fourth sentence of the seventh paragraph and the ninth paragraph under the heading “Plan of distribution.”

 

(c)                                  If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against any person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such person (the “Indemnified Person”) shall promptly notify the person against whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under paragraph (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under paragraph (a) or (b) above.  If any such proceeding shall be brought or asserted against an Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person (who shall not, without the consent of the Indemnified Person, be counsel to the Indemnifying Person) to represent the Indemnified Person and any others entitled to indemnification pursuant to this Section 8 that the Indemnifying Person may designate in such proceeding and shall pay the fees and expenses of such proceeding and shall pay the reasonable

 

22

 

fees and expenses of such counsel related to such proceeding, as incurred.  In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them.  It is understood and agreed that the Indemnifying Person shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses shall be paid or reimbursed as they are incurred.  Any such separate firm for any Initial Purchaser, its affiliates, directors and officers and any control persons of such Initial Purchaser shall be designated in writing by the Representative and any such separate firm for the Lonestar Parties, their respective directors and officers and any control persons of the Lonestar Parties shall be designated in writing by the Issuer.  The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment.  Notwithstanding the foregoing sentence, if at any time an Indemnified Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for reasonable fees and expenses of counsel as contemplated by this paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 30 days after receipt by the Indemnifying Person of such request and (ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with such request prior to the date of such settlement.  No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (x) includes an unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (y) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person.

 

(d)                                 If the indemnification provided for in paragraph (a) or (b) above is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Lonestar Parties on the one hand and the Initial Purchasers on the other from the offering of the Securities or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Lonestar Parties on the one hand and the Initial Purchasers on the other in connection

 

23

 

with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations.  The relative benefits received by the Lonestar Parties on the one hand and the Initial Purchasers on the other shall be deemed to be in the same respective proportions as the net proceeds (before deducting expenses) received by the Issuer from the sale of the Securities and the total discounts and commissions received by the Initial Purchasers in connection therewith, as provided in this Agreement, bear to the aggregate offering price of the Securities.  The relative fault of the Lonestar Parties on the one hand and the Initial Purchasers on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Lonestar Parties or by the Initial Purchasers and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.

 

(e)                                  The Lonestar Parties and the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in paragraph (d) above.  The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Person in connection with any such action or claim.  Notwithstanding the provisions of this Section 8, in no event shall an Initial Purchaser be required to contribute any amount in excess of the amount by which the total discounts and commissions received by such Initial Purchaser with respect to the offering of the Securities exceeds the amount of any damages that such Initial Purchaser has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission.  No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.  The Initial Purchasers’ obligations to contribute pursuant to this Section 8 are several in proportion to their respective purchase obligations hereunder and not joint.

 

(f)                                   Non-Exclusive Remedies.  The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity.

 

9.              Default by an Initial Purchaser.  If any one or more Initial Purchasers shall fail to purchase and pay for any of the Securities agreed to be purchased by such Initial Purchaser hereunder and such failure to purchase shall constitute a default in the performance of its or their obligations under this Agreement, the remaining Initial Purchasers shall be obligated severally to take up and pay for (in the respective proportions which the principal amount of Securities set forth opposite their names in Schedule I hereto bears to the aggregate principal amount of Securities set forth opposite the names of all the remaining Initial Purchasers) the Securities which the defaulting Initial Purchaser or Initial Purchasers agreed but failed to purchase; provided, however, that in the event that the aggregate principal amount of Securities which the defaulting Initial Purchaser or Initial Purchasers agreed but failed to purchase shall exceed 10% of the aggregate principal amount of Securities set forth in Schedule I hereto, the remaining Initial Purchasers shall have the right to purchase all, but shall not be under any obligation to

 

24

 

purchase any, of the Securities, and if such nondefaulting Initial Purchasers do not purchase all the Securities, this Agreement will terminate without liability to any nondefaulting Initial Purchaser or the Lonestar Parties.  In the event of a default by any Initial Purchaser as set forth in this Section 9, the Closing Date shall be postponed for such period, not exceeding five Business Days, as the Representative shall determine in order that the required changes in the Final Memorandum or in any other documents or arrangements may be effected.  Nothing contained in this Agreement shall relieve any defaulting Initial Purchaser of its liability, if any, to the Lonestar Parties or any nondefaulting Initial Purchaser for damages occasioned by its default hereunder.

 

10.       Termination.  This Agreement shall be subject to termination in the absolute discretion of the Representative, by notice given to the Issuer prior to delivery of and payment for the Securities, if at any time prior to such time (i) trading in securities generally on The New York Stock Exchange shall have been suspended or limited or minimum prices shall have been established on such exchange; (ii) trading of any securities issued or guaranteed by Parent or any of its subsidiaries shall have been suspended on any exchange or in any over-the-counter market (iii) a banking moratorium shall have been declared either by U.S. federal or New York State authorities; (iv) there shall have occurred a material disruption in commercial banking or securities settlement or clearance services; or (v) there shall have occurred any outbreak or escalation of hostilities, declaration by the United States of a national emergency or war or other calamity or crisis the effect of which on financial markets is such as to make it, in the sole judgment of the Representative, impractical or inadvisable to proceed with the offering, sale or delivery of the Securities as contemplated in the Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto).

 

11.       Representations and Indemnities to Survive.  The respective agreements, representations, warranties, indemnities, rights of contribution and other statements of the Lonestar Parties or their officers and of the Initial Purchasers set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of the Initial Purchasers or the Lonestar Parties or any of the indemnified persons referred to in Section 8 hereof, and will survive delivery of and payment for the Securities.  The provisions of Sections 7 and 8 hereof shall survive the termination or cancellation of this Agreement.

 

12.       Notices.  All communications hereunder will be in writing and effective only on receipt, and:

 

(a)         if to the Initial Purchasers, shall be given to the Representative c/o J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179 (fax: 212-270-1063); Attention: Geoffrey Benson, and with a copy to David Azarkh, Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017; and

 

(b)         if to the Lonestar Parties, will be mailed, delivered or telefaxed to Lonestar Resources US Inc., 600 Bailey Avenue, Suite 200, Fort Worth, TX 76107, Attention: Legal Department, and with a copy to J. Michael Chambers and David J. Miller, Latham & Watkins LLP, 811 Main Street, Houston, Texas 77002.  In addition, a copy will be emailed to gpacker@lonestarresources.com.

 

25

 

13.       Successors.  This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective successors and the indemnified persons referred to in Section 8 hereof and their respective successors, and, except as expressly set forth in Section 5(l) hereof, no other person will have any right or obligation hereunder.

 

14.       Integration.  This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Lonestar Parties, or any of them, and the Initial Purchasers, or any of them, with respect to the subject matter hereof.

 

15.       Applicable Law.  This Agreement and any claim, controversy or dispute arising under or related to this Agreement will be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed within the State of New York.

 

16.       Waiver of Jury Trial.  The Lonestar Parties hereby irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.

 

17.       No Fiduciary Duty.  The Lonestar Parties hereby acknowledge that (a) the purchase and sale of the Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Lonestar Parties, on the one hand, and the Initial Purchasers and any Affiliate through which it may be acting, on the other, (b) the Initial Purchasers are acting as principal and not as an agent or fiduciary of the Lonestar Parties and (c) the Lonestar Parties’ engagement of the Initial Purchasers in connection with the offering and the process leading up to the offering is as independent contractors and not in any other capacity. Furthermore, the Lonestar Parties agree that they are solely responsible for making their own judgments in connection with the offering (irrespective of whether any of the Initial Purchasers has advised or is currently advising the Issuer on related or other matters).  The Lonestar Parties agree that they will not claim that the Initial Purchasers have rendered advisory services of any nature or respect, or owe an agency, fiduciary or similar duty to the Lonestar Parties, in connection with such transaction or the process leading thereto.

 

18.       Counterparts.  This Agreement may be signed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and the same agreement.

 

19.       Headings.  The section headings used herein are for convenience only and shall not affect the construction hereof.

 

20.       Compliance with USA Patriot Act.  In accordance with the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), the Initial Purchasers are required to obtain, verify and record information that identifies their respective clients, including the Lonestar Parties, which information may include the name and address of their respective clients, as well as other information that will allow the Initial Purchasers to properly identify their respective clients.

 

21.       Definitions.  The terms that follow, when used in this Agreement, shall have the meanings indicated.

 

26

 

“Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder.

 

“Affiliate” shall have the meaning specified in Rule 501(b) of Regulation D.

 

“Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies are authorized or obligated by law to close in The City of New York.

 

“Code” shall mean the Internal Revenue Code of 1986, as amended.

 

“Commission” shall mean the Securities and Exchange Commission.

 

“Disclosure Package” shall mean (i) the Preliminary Memorandum, as amended or supplemented at the Execution Time, (ii) any Issuer Written Communication listed on Schedule IV hereto and (iii) the final term sheet prepared pursuant to Section 5(b) hereto and in the form attached as Schedule V hereto.

 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder.

 

“Execution Time” means 4:10 p.m. (New York time) on December 19, 2017 (it being agreed that such time is the first time when sales of the Securities are made by the Initial Purchasers).

 

“Investment Company Act” shall mean the Investment Company Act of 1940, as amended, and the rules and regulations of the Commission promulgated thereunder.

 

“Organizational Documents” shall mean (a) in the case of a corporation, its charter and by-laws; (b) in the case of a limited liability company, its articles of organization, certificate of formation or similar organizational documents and its operating agreement, limited liability company agreement, membership agreement or other similar agreement; and (c) in the case of any other entity, the organizational and governing documents of such entity.

 

“Regulation D” shall mean Regulation D under the Act.

 

“Regulation S” shall mean Regulation S under the Act.

 

“Regulation S-X” shall mean Regulation S-X under the Act.

 

27

 

If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement between the Issuer and the several Initial Purchasers.

 

	
 
    	
Very truly yours,
    
	
 
    	
 
    
	
 
    	
LONESTAR RESOURCES AMERICA INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    

 

SIGNATURE PAGE TO PURCHASE AGREEMENT

 

 

	
 
    	
ALBANY SERVICES L.L.C.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: President
    
	
 
    	
 
    	
 
    
	
 
    	
AMADEUS PETROLEUM INC.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: President
    
	
 
    	
 
    	
 
    
	
 
    	
EAGLEFORD GAS, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
EAGLEFORD GAS 2, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D. Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
EAGLEFORD GAS 3, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
EAGLEFORD GAS 4, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D. Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    

 

SIGNATURE PAGE TO PURCHASE AGREEMENT

 

 

	
 
    	
EAGLEFORD GAS 5, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
EAGLEFORD GAS 6, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
EAGLEFORD GAS 7, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
EAGLEFORD GAS 8, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
EAGLEFORD GAS 10, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chairman and   Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
LONESTAR OPERATING, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    

 

SIGNATURE PAGE TO PURCHASE AGREEMENT

 

 

	
 
    	
LONESTAR RESOURCES, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D. Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
POPLAR ENERGY, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank d. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
T-N-T ENGINEERING, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D. Bracken, III
    
	
 
    	
 
    	
Title: President
    
	
 
    	
 
    	
 
    
	
 
    	
LONESTAR BR DISPOSAL LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chairman and   Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
LA SALLE EAGLE FORD GATHERING   LINE LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Frank D. Bracken III
    
	
 
    	
 
    	
Name: Frank D.   Bracken, III
    
	
 
    	
 
    	
Title: Chairman and   Chief Executive Officer
    

 

SIGNATURE PAGE TO PURCHASE AGREEMENT

 

 

	
The foregoing Agreement   is hereby confirmed and accepted as of the date first above written.
    	
 
    
	
 
    	
 
    
	
By: J.P. Morgan Securities   LLC
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/Brian A. Tramontozzi
    	
 
    
	
 
    	
Name: Brain A.   Tramontozzi
    	
 
    
	
 
    	
Title: Managing   Director
    	
 
    
	
 
    	
 
    
	
For themselves and the   other several Initial Purchasers named in Schedule I to the foregoing   Agreement.
    	
 
    

 

SIGNATURE PAGE TO PURCHASE AGREEMENT

 

 

SCHEDULE I

 

	
Initial Purchasers
    	
 
    	
Principal
   Amount of
   Securities to be
   Purchased
    	
 
    
	
J.P. Morgan   Securities LLC
    	
 
    	
$
    	
137,500,000
    	
 
    
	
Citigroup Global   Markets Inc.
    	
 
    	
25,625,000
    	
 
    
	
Jefferies LLC
    	
 
    	
25,625,000
    	
 
    
	
RBC Capital   Markets, LLC
    	
 
    	
25,625,000
    	
 
    
	
Seaport Global   Securities LLC
    	
 
    	
25,625,000
    	
 
    
	
ABN AMRO   Securities (USA) LLC
    	
 
    	
2,500,000
    	
 
    
	
Barclays Capital   Inc.
    	
 
    	
2,500,000
    	
 
    
	
BBVA Securities   Inc.
    	
 
    	
2,500,000
    	
 
    
	
Comerica   Securities, Inc.
    	
 
    	
2,500,000
    	
 
    
	
Total
    	
 
    	
$
    	
250,000,000
    	
 
    

 

 

SCHEDULE II

 

GUARANTORS

 

	
Name
    	
 
    	
Jurisdiction
    
	
Albany Services, L.L.C.
    	
 
    	
Texas
    
	
Amadeus Petroleum Inc.
    	
 
    	
Texas
    
	
Eagleford Gas, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 2, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 3, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 4, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 5, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 6, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 7, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 8, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 10, LLC
    	
 
    	
Texas
    
	
Lonestar Operating, LLC
    	
 
    	
Texas
    
	
Lonestar Resources, Inc.
    	
 
    	
Delaware
    
	
Poplar Energy, LLC
    	
 
    	
Texas
    
	
T-N-T Engineering, Inc.
    	
 
    	
Texas
    
	
Lonestar BR Disposal LLC
    	
 
    	
Texas
    
	
La Salle Eagle Ford Gathering Line LLC
    	
 
    	
Texas
    

 

 

SCHEDULE III

 

SUBSIDIARIES

 

	
Name
    	
 
    	
Jurisdiction
    
	
Albany Services, L.L.C.
    	
 
    	
Texas
    
	
Amadeus Petroleum Inc.
    	
 
    	
Texas
    
	
Eagleford Gas, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 2, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 3, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 4, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 5, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 6, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 7, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 8, LLC
    	
 
    	
Texas
    
	
Eagleford Gas 10, LLC
    	
 
    	
Texas
    
	
Lonestar Operating, LLC
    	
 
    	
Texas
    
	
Lonestar Resources, Inc.
    	
 
    	
Delaware
    
	
Poplar Energy, LLC
    	
 
    	
Texas
    
	
T-N-T Engineering, Inc.
    	
 
    	
Texas
    
	
Boland Building, LLC
    	
 
    	
Texas
    
	
Lonestar BR Disposal LLC
    	
 
    	
Texas
    
	
La Salle Eagle Ford Gathering Line LLC
    	
 
    	
Texas
    

 

 

SCHEDULE IV

 

1.             Term sheet containing the terms of the Securities, substantially in the form of Schedule V.

 

 

SCHEDULE V

 

[To be delivered to Initial Purchasers]

 

 

SCHEDULE VI

 

1.             Investor Update Presentation, dated November 27, 2017

 

 

ANNEX A

 

FORM OF OPINION OF LATHAM & WATKINS LLP

 

[To be delivered to Initial Purchasers]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}]]