Document:

EX-10.1

 Exhibit 10.1 

THIRD AMENDMENT dated as of March 3, 2015 (this “Amendment”) to the Credit Agreement dated as of
May 20, 2011 (as amended by the First Amendment dated as of May 15, 2012 and the Second Amendment dated as of March 31, 2014, and as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”) among NEWMONT MINING CORPORATION (the “Borrower”), the Lenders party thereto and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the “Administrative Agent”). 

WHEREAS, in accordance with Section 2.21 of the Credit Agreement, the Borrower hereby requests (a) an extension of the Maturity Date
from March 31, 2019 to March 3, 2020 (such date, the “Extended Maturity Date”) and (b) certain other amendments to the terms of the Credit Agreement, in each case as set forth below; and 

WHEREAS this Amendment is a Maturity Date Extension Request contemplated by Section 2.21(a) of the Credit Agreement; 

NOW, THEREFORE, in consideration of the above recitals and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Defined Terms. (a) Capitalized terms used but not
otherwise defined herein (including in the recitals hereto) have the meanings assigned to them in the Credit Agreement. 
 (b) The
Commitments outstanding immediately prior to the Amendment Effective Date (as defined below) are referred to herein as “Existing Commitments” and the Revolving Loans, if any, outstanding immediately prior to the Amendment Effective
Date are referred to herein as “Existing Revolving Loans”. 
 SECTION 2. Regarding the Extended Commitments.
(a) On the terms and subject to the conditions set forth herein, effective as of the Amendment Effective Date, each Lender (including any Replacement Lender) reflected as having a Commitment on Schedule A hereto (an “Extending
Lender”) agrees that the Maturity Date with respect to all of its Commitments reflected on such Schedule (including all the Assigned Commitments of any Replacement Lender) shall be extended to the Extended Maturity Date (the
“Extended Commitments”) and that the maturity date of all the Existing Revolving Loans of each Extending Lender (including in the case of each Replacement Lender, any Existing Revolving Loans acquired pursuant to Assigned
Commitments as contemplated by Section 2(c) below), shall be extended to the Extended Maturity Date (such Revolving Loans, the “Extended Revolving Loans”). 

(b) The initial Interest Period applicable to each Extended Revolving Loan that is a Eurodollar Loan shall be the then-current Interest Period
applicable to the Existing Revolving Loan that has been extended. 

 (c) Any Lender that is a Declining Lender with respect to all or any portion of its Existing
Commitment, as contemplated by Section 2.21(b) of the Credit Agreement, may be required by the Borrower at any time prior to the Existing Maturity Date to assign such portion of its Existing Commitment that it has not elected to extend (each
such portion, an “Assigned Commitment”), along with a proportionate amount of its Existing Revolving Loans, to a Lender or other financial institution that agrees to extend the Maturity Date of the Assigned Commitment (a
“Replacement Lender”) in accordance with the provisions of Sections 2.19(b) and 9.04 of the Credit Agreement. Schedule B hereto sets forth the amount of Existing Commitments of each Declining Lender, if any, to be assigned to
Replacement Lenders and the amount of the Assigned Commitment to be assumed by each Replacement Lender on the Amendment Effective Date. Each assignment set forth on Schedule B hereto shall be consummated on the Amendment Effective Date, and on such
date the Replacement Lender and the Borrower shall pay to the Administrative Agent, for the account of such Declining Lender, the amounts required to be paid to such Declining Lender by Section 2.19(b) of the Credit Agreement in connection with
such assignment. If the Existing Commitments of any Lender that is also a Declining Lender shall have been extended pursuant to Section 2(a) in part but not in whole, the assignment to a Replacement Lender of Existing Revolving Loans not
attributable to the Extended Commitments shall be effected ratably among the Borrowings of Existing Revolving Loans held by such Extending Lender immediately prior to giving effect to such extension, with each Revolving Loan transferred in
connection with the Assigned Commitment being of the same Type and having the same Interest Period as the corresponding Existing Revolving Loan being extended. For all purposes hereof, a Replacement Lender shall be deemed to be an Extending Lender
and any Assigned Commitment shall constitute an Extended Commitment. 
 (d) Each of JPMorgan Chase Bank, N.A., in its capacities as
Administrative Agent, Swingline Lender and an Issuing Bank, and U.S. Bank, National Association and BNP Paribas, each in its capacity as an Issuing Bank, hereby consents to this Amendment and confirms that each Replacement Lender not already a
Lender under the Credit Agreement prior to the Amendment Effective Date is satisfactory to it and each such Issuing Bank agrees that the Extended Maturity Date shall apply to it and Letters of Credit issued by it for purposes of Section 2.06(c)
of the Credit Agreement. 
 (e) None of the transactions set forth in this Section 2 constitutes, or shall be deemed to be, a payment,
prepayment, termination or novation of any Existing Revolving Loan or Existing Commitment unless specifically set forth herein, it being understood that this Section 2 merely effects a modification of the maturity and certain other terms of the
Existing Revolving Loans and Existing Commitments made and outstanding under the Credit Agreement and the assignment of the Existing Revolving Loans and Existing Commitments of each Declining Lender to the Replacement Lenders, and that such
Revolving Loans and Commitments shall continue to be in effect and outstanding under the Credit Agreement on the terms and subject to the conditions set forth herein and therein. 

SECTION 3. Amendment of the Credit Agreement. Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as
follows: 

  
 2 

 (a) The following definitions are added in the appropriate alphabetical order to
Section 1.01 of the Credit Agreement: 
 “Interpolated Rate” means, at any time, the rate per annum
determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the Screen Rate for the longest period
(for which the Screen Rate is available) that is shorter than the Impacted Interest Period and (b) the Screen Rate for the shortest period (for which the Screen Rate is available) that exceed the Impacted Interest Period, in each case, at such
time. 
 “Third Amendment” means the Third Amendment to the Credit Agreement dated as of March 3, 2015, among the
Borrower, the Lenders party thereto, the Issuing Banks, the Swingline Lender and the Administrative Agent. 
 “Third Amendment
Effective Date” shall have the meaning assigned to the term “Amendment Effective Date” in the Third Amendment. 

“Third Reaffirmation Agreement” means the Third Reaffirmation Agreement dated as of March 3, 2015, between the Guarantor
and the Administrative Agent. 
 (b) The definition of “Disclosed Matters” set forth in Section 1.01 of the
Credit Agreement is amended by replacing the text “December 31, 2013” with the text “December 31, 2014”. 

(c) The definition of the term “Interest Period” set forth in Section 1.01 of the Credit Agreement is amended by
deleting the reference to “or nine” therein. 
 (d) The definition of the term “LIBO Rate” set forth in
Section 1.01 of the Credit Agreement is amended to read as follows: 
 “LIBO Rate” means, with respect to any
Eurodollar Borrowing for any Interest Period, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for dollars for a period equal in length to such
Interest Period as displayed on page LIBOR01 of the Reuters screen that displays such rate (or, in the event such rate does not appear on such Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on
the appropriate page of such other information services that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion (provided, that the Administrative Agent shall have generally selected
such page for similarly situated borrowers)) (in each case the “Screen Rate”) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if the Screen Rate
shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided further that if the Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest
Period”) then the LIBO Rate shall be the Interpolated Rate; provided that if any 

  
 3 

 
Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

(e) The definition of the term “Loan Document” set forth in Section 1.01 of the Credit Agreement is amended by
inserting the text “, the Third Amendment, the Third Reaffirmation Agreement” immediately following the text “the Second Reaffirmation Agreement”. 

(f) The definition of the term “Maturity Date” set forth in Section 1.01 of the Credit Agreement is amended by
replacing the text “March 31, 2019” with “March 3, 2020”. 
 (g) Schedule 2.01 to the Credit Agreement is
replaced by the Schedule with the same designation attached as Schedule A hereto. 
 (h) Section 2.05(c) of the Credit
Agreement is amended by replacing the fourth sentence thereof with the following sentence: “Each Lender hereby absolutely and unconditionally agrees, promptly upon receipt of such notice from the Administrative Agent (and in any event, if such
notice is received (x) by 12:00 noon, New York City time, on a Business Day, not later than 5:00 p.m., New York City time, on such Business Day and (y) after 12:00 noon, New York City time, on a Business Day, not later than 10:00 a.m., New
York City time, on the immediately succeeding Business Day), to pay to the Administrative Agent, for the account of the Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loans.” 

(i) Section 2.06(l) of the Credit Agreement is amended by replacing the reference to “$750,000,000” therein with
“$200,000,000”. 
 (j) Section 3.04(b) of the Credit Agreement is amended by replacing the text “December
31, 2010” with the text “December 31, 2014”. 
 SECTION 4. Representations and Warranties. To induce the other parties
hereto to enter into this Amendment, the Borrower hereby represents and warrants to the Administrative Agent and the Lenders that: 

(a) (x) the transactions set forth herein are within the Borrower’s corporate powers and have been duly authorized
by all necessary corporate and, if required, stockholder action and (y) this Amendment has been duly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower enforceable against it 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; 
 (b) on the Amendment Effective Date and immediately after giving effect to this
Amendment, no Default has occurred or is continuing; and 

  
 4 

 (c) on and as of the Amendment Effective Date, all representations and warranties
of the Borrower set forth in the Credit Agreement are true and correct in all material respects (except to the extent expressly made as of another date, in which case such representations and warranties were true and correct in all material respects
as of such other date). 
 SECTION 5. Effectiveness. This Amendment shall become effective as of the first date (the
“Amendment Effective Date”) on which each of the following conditions has been satisfied: 
 (a) The
Administrative Agent shall have received counterparts hereof (including consents hereto, if applicable) duly executed and delivered by the Borrower and Lenders collectively representing the Required Lenders, each Extending Lender (including each
Replacement Lender), the Swingline Lender, each Issuing Bank and the Administrative Agent. 
 (b) The conditions set forth in
paragraphs (a) and (b) of Section 4.02 of the Credit Agreement (solely for the purposes of this Section 5(b), without giving effect to the first parenthetical set forth in Section 4.02(a)) shall be satisfied on and as of the
Amendment Effective Date and the Administrative Agent shall have received a certificate by the President, a Vice President or a Financial Officer of the Borrower, dated the Amendment Effective Date, to such effect. 

(c) The Administrative Agent shall have received such customary documents and certificates as the Administrative Agent or its
counsel may reasonably request relating to the organization, existence and good standing of the Borrower and the Guarantor and the authorization of the transactions contemplated hereby by the Borrower and the Guarantor, all in form and substance
reasonably satisfactory to the Administrative Agent. 
 (d) The Guarantor shall have entered into a reaffirmation agreement
in form and substance reasonably satisfactory to the Administrative Agent. 
 (e) The assignment and assumption of the
Assigned Commitments (if any) contemplated by Section 2(c) shall have been consummated and the Administrative Agent shall have received the payments for the accounts of the Declining Lenders, if any, contemplated by Section 2(c). 

(f) The Administrative Agent shall have received payment from the Borrower, (i) for the account of each Replacement Lender
an upfront fee in an aggregate amount equal to 0.20% of each Replacement Lender’s allocated Assigned Commitments (or, if less, the excess of such Lender’s aggregate Commitments after giving effect to this Amendment over its Existing
Commitments) and (ii) for the account of each Extending Lender, an extension fee (the “Extension Fee”) in an aggregate amount equal to 0.05% of such Extending Lender’s Extended Commitments (which, for purposes of
determining the Extension Fee, shall be deemed not to include the Assigned Commitments, if any, of such Extending Lender). 

  
 5 

 (g) The Borrower shall have paid all other fees and other amounts due and payable
including, to the extent invoiced, payment or reimbursement of all fees and expenses (including the reasonable fees, charges and disbursements of counsel) required to be paid or reimbursed by any Loan Party to the Administrative Agent or the
Arrangers in connection with the Amendment and the transactions contemplated hereby or under Section 9.03 of the Credit Agreement. 

(h) The Replacement Lenders shall have received all documentation and other information required by bank regulatory authorities
under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act to the extent requested at least 10 days prior to the Amendment Effective Date. 

The Administrative Agent shall notify the Borrower and the Lenders of the Amendment Effective Date and such notice shall be conclusive and
binding. Notwithstanding the foregoing, this Amendment shall not become effective, and the obligations of the Lenders to make, fund or extend Loans as provided for herein will automatically terminate, if each of the conditions set forth or referred
to in this Section 6 has not been satisfied at or prior to 5:00 p.m., New York City time, on March 20, 2015 (it being understood that any such failure of this Amendment to become effective will not affect any rights or obligations of any
Person under the Credit Agreement). 
 SECTION 6. Effect of Amendment. (a) Except as expressly set forth herein, this Amendment
shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify,
amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or of any other Loan Document, all of which are ratified and affirmed in
all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or
agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. 
 (b) On the terms and
subject to the conditions set forth herein, effective as of the Amendment Effective Date, for all purposes of the Loan Documents, (i) the Extended Commitments shall constitute “Commitments”, (ii) each Extended Revolving Loan
shall constitute a “Revolving Loan” and a “Loan” and (iii) each Extending Revolving Lender and Replacement Lender shall, in respect of its Extended Revolving Credit Commitments, be a “Consenting Lender” and a
“Lender” and shall have all the rights and obligations of a Lender holding a Commitment under the Credit Agreement. Except to the extent provided in Section 3 hereof, the terms and conditions of the Extended Commitments shall be
identical to those of the Existing Commitments. 
 (c) On and after the Amendment Effective Date, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof”, “herein”, or words of like 

  
 6 

 
import, and each reference to the Credit Agreement in any other Loan Document shall be deemed a reference to the Credit Agreement as amended hereby. Insofar as it provides for the extension of
the Maturity Date applicable to the Existing Commitments and Existing Revolving Loans, this Amendment shall be deemed to be a “Maturity Date Extension Request” for all purposes of the Credit Agreement and the other Loan Documents and shall
constitute an amendment permitted under Section 2.21(f) of the Credit Agreement. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. 

(d) Each of the parties to this Amendment hereby acknowledges and agrees that on the Amendment Effective Date, each Lender (or affiliate of
such Lender, as applicable) immediately prior to such effectiveness will automatically and without further act be deemed to have assigned or to have assumed, as the case may be, Commitments under the Credit Agreement and participations under the
Credit Agreement in outstanding Letters of Credit such that, after giving effect to the effectiveness of this Amendment and each such deemed assignment and assumption of Commitments and participations, the percentage of the aggregate outstanding
(A) Commitments under the Credit Agreement and (B) participations under the Credit Agreement in Letters of Credit held by each Lender (or affiliate of such Lender, as applicable) will equal such Lender’s (or such affiliate’s) pro
rata share of the aggregate amount of Commitments as set forth on Schedule 2.01 hereto. 
 (e) For purposes of determining withholding Taxes
imposed under FATCA, from and after the Amendment Effective Date, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Credit Agreement as not qualifying as
a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 
 SECTION 7.
Applicable Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 8.
Counterparts; Integration; Effectiveness. 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. This Amendment, the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the
subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or other electronic
imaging shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 9. Headings. Section headings
used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment. 

  
 7 

 SECTION 10. Expenses. The Borrower agrees to reimburse the Administrative Agent for its
reasonable out-of-pocket expenses in connection with this Amendment, including the reasonable fees, charges and disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent, as well as all other out-of-pocket expenses
payable under the Credit Agreement that have not yet been reimbursed to the extent such fees and expenses are invoiced prior to the Amendment Effective Date. 

  
 8 

 LENDER SIGNATURE PAGE TO THE 

THIRD AMENDMENT TO THE CREDIT AGREEMENT 

OF NEWMONT MINING CORPORATION. 
 IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the date first above written. 

 

					
	NEWMONT MINING CORPORATION,
			
			by		
					             /s/ Thomas P.
Mahoney

					Name: Thomas P. Mahoney
					Title: Vice President and Treasurer
	
	JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent, Swingline Lender and Issuing Bank,
			
			by		
					             /s/ Gitanjali
Pundir

					Name: Gitanjali Pundir
					Title: Vice President
	
	BNP PARIBAS, individually and as Issuing Bank,
			
			by		
					             /s/ Claudia Zarate

					 Name: Claudia Zarate
 Title:
Director

			
			by		
					             /s/ Nicolas
Anberree

					Name: Nicolas Anberree
					Title: Vice President
	
	U.S. BANK, NATIONAL ASSOCIATION, individually and as Issuing Bank, 
			
			by		
					             /s/ Marty McDonald

					Name: Marty McDonald
					Title: AVP

 
					
	Name of Lender: Bank of Montreal, Chicago Branch
			
			By		
					   /s/ Yacouba Kane

					  Name: Yacouba Kane
					  Title: Vice President
	
	Name of Lender: THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. individually and as Issuing Bank
			
			By		
					   /s/ Mark Maloney

					  Name: Mark Maloney
					  Title: Authorized Signatory
	
	Name of Lender: Citibank, N.A.
			
			By		
					   /s/ John Tucker

					  Name: John Tucker
					  Title: Vice President
	
	Name of Lender: Credit Suisse AG, Cayman Islands Branch, as a Lender
			
			By		
					   /s/ Alain Daoust

					  Name: Alain Daoust
					  Title: Authorized signatory
			
			By		
					   /s/ Michael Spaight

					  Name: Michael Spaight
					  Title: Authorized signatory
	
	Name of Lender: HSBC Bank USA, National Association
			
			By		
					   /s/ Alexandra Barrows

					Name: Alexandra Barrows
					Title: Vice President

  
 2 

 
					
	Name of Lender: Mizuho Bank (USA)
			
			By		
					   /s/ Donna DeMagistris

					  Name: Donna DeMagistris
					  Title: Senior Vice President
	
	Name of Lender: Sumitomo Mitsui Banking Corporation
			
			By		
					   /s/ Shuji Yabe

					  Name: Shuji Yabe
					  Title: Managing Director
	
	Name of Lender: Sumitomo Mitsui Banking Corporation
			
			By		
					   /s/ Shuji Yabe

					  Name: Shuji Yabe
					  Title: Managing Director
	
	Name of Lender: The Bank of Nova Scotia
			
			By		
					   /s/ Michael Eddy

					  Name: Michael Eddy
					  Title: Managing Director
			
			By		
					   /s/ Sally Regenstreif

					  Name: Sally Regenstreif
					  Title: Associate
	
	Name of Lender: Australia and New Zealand Banking Group Limited
			
			By		
					   /s/ Robert Grillo

					  Name: Robert Grillo
					  Title: Director

  
 3 

 
					
	Name of Lender: Royal Bank of Canada
			
			By		
					   /s/ Stam Fountoulakis

					  Name: Stam Fountoulakis
					  Title: Authorized Signatory
	
	Name of Lender: Societe Generale
			
			By		
					   /s/ P.E. Kavanagh

					  Name: P.E. Kavanagh
					  Title: Director
	
	Name of Lender: WESTPAC BANKING CORPORATION
			
			By		
					   /s/ Richard Yarnold

					  Name: Richard Yarnold
					  Title: Senior Relationship Manager   Corporate & Institutional Banking
	
	Name of Lender: Bank of America, N.A.
			
			By		
					   /s/ Marc Ahlers

					  Name: Marc Ahlers
					  Title: Vice President
	
	Name of Lender: Banco Bilbao Vizcaya Argentaria, S.A. New York Branch
			
			By		
					   /s/ Mauricio Benitez

					  Name: Mauricio Benitez
					  Title: Director
			
			By		
					   /s/ [illegible]

					  Name:
					  Title:

  
 4 

					
	
	Name of Lender: Canadian Imperial Bank of Commerce, New York Branch
			
			By		
					   /s/ Dominic Sorresso

					  Name: Dominic Sorresso
					  Title: Authorized Signatory
			
			By		
					   /s/ Rhema Asaam

					  Name: Rhema Asaam
					  Title: Authorized Signatory
	
	Name of Lender: UBS AG, STAMFORD BRANCH
			
			By		
					   /s/ Darlene Arias

					  Name: Darlene Arias
					  Title: Director
			
			By		
					   /s/ Houssem Daly

					  Name: Houssem Daly
					  Title: Associate Director

  
 5 

 Schedule A 

Commitments 
  

					
	 Bank
	  	Extension Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	$	175,000,000.00	  
	 BNP Paribas
	  	$	175,000,000.00	  
	 Bank of Montreal, Chicago Branch
	  	$	175,000,000.00	  
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	175,000,000.00	  
	 Citibank, N.A.
	  	$	175,000,000.00	  
	 Credit Suisse AG
	  	$	175,000,000.00	  
	 HSBC Bank USA, National Association
	  	$	175,000,000.00	  
	 Mizuho Bank (USA)
	  	$	175,000,000.00	  
	 Sumitomo Mitsui Banking Corporation
	  	$	175,000,000.00	  
	 The Bank of Nova Scotia
	  	$	145,000,000.00	  
	 U.S. Bank National Association
	  	$	145,000,000.00	  
	 Australia and New Zealand Banking Group Limited
	  	$	115,000,000.00	  
	 Royal Bank of Canada
	  	$	115,000,000.00	  
	 Societe Generale
	  	$	115,000,000.00	  
	 Westpac Banking Corporation
	  	$	115,000,000.00	  
	 Banco Bilbao Vizcaya Argentaria, S.A. New York Branch
	  	$	100,000,000.00	  
	 Bank of America, N.A.
	  	$	100,000,000.00	  
	 Canadian Imperial Bank of Commerce, New York Branch
	  	$	100,000,000.00	  
	 UBS AG, Stamford Branch
	  	$	100,000,000.00	  
		  	  
	  
	 
	 TOTAL:
		$	2,725,000,000.00	  
		  	  
	  
	 

 Schedule B 

Assigned Commitments 
 None.Exhibit 10.13.4 2014

EXHIBIT 10.13.4

Fourth AMENDMENT TO
CREDIT AND SECURITY AGREEMENTS

This Fourth Amendment TO CREDIT AND SECURITY Agreements (the “Amendment”), dated as of March 6, 2015, is entered into by and among ZHONE TECHNOLOGIES, INC., a Delaware corporation (“Zhone Technologies”),  ZTI MERGER SUBSIDIARY III, INC., a Delaware corporation (“ZTI”; Zhone Technologies and ZTI are sometimes referred to herein individually as a “Borrower” and collectively as the “Borrowers”), Premisys Communications, Inc., a Delaware corporation (“Premisys”), Zhone Technologies International, Inc., a Delaware corporation, (“Zhone International”), Paradyne Networks, Inc., a Delaware corporation (“Paradyne Networks”), Paradyne Corporation, a Delaware corporation (“Paradyne Corporation”; Premisys, Zhone International, Paradyne Networks, and Paradyne Corporation are sometimes referred to herein individually as a “Guarantor” and collectively as the “Guarantors”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Lender”).
RECITALS
A.    Borrowers, Guarantors, and Lender are parties to (i) a Credit and Security Agreement, dated March 13, 2012 (as amended by that certain First Amendment to Credit and Security Agreements, dated as of March 13, 2013 (the “First Amendment”), and that certain Second Amendment to Credit and Security Agreements, dated September 30, 2013 (the “Second Amendment”), and that certain Third Amendment to Credit and Security Agreements, dated March 5, 2014 (the "Third Amendment"), and as further amended from time to time, the “Domestic Credit Agreement”), and (ii) a Credit and Security Agreement (Ex-Im Subfacility), dated March 13, 2012 (as amended by the First Amendment and the Second Amendment and the Third Amendment and as further amended from time to time, the “Ex-Im Credit Agreement”; and together with the Domestic Credit Agreement, collectively, the “Credit Agreements”).  Capitalized terms used in this Amendment have the meanings given to them in the Credit Agreements unless otherwise specified in this Amendment.
B.    Borrowers and Guarantors have requested that certain further amendments be made to the Credit Agreements, and Lender is willing to agree to such amendments pursuant to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows:
		
	1.
	Amendments to Credit Agreements.  The Credit Agreements are amended as follows:

1.1   Section 8 of the Credit Agreements.  Section 8 of the Credit Agreements is amended to read in its entirety as follows:

“8    FINANCIAL COVENANTS.
Each Borrower covenants and agrees that, until termination of all obligations of Lender to provide extensions of credit hereunder and payment in full of the Obligations, Borrowers will comply with each of the following financial covenants: 
(a)    Minimum Liquidity.  Have Liquidity of at least the following:
	
		
	Minimum Liquidity
	Applicable Period/Test Date

	$3,000,000
	At all times

(b)    Minimum EBITDA.  If a Liquidity Trigger Event shall occur, Borrowers shall achieve EBITDA, for the periods described below, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (it being understand that such requirement shall be effective immediately and retroactively) (numbers appearing between “< >” are negative):
	
		
	Applicable Amount
	Applicable Period

	$<2,270,000>
	Three-month period ending March 31, 2015

	$<2,272,000>
	Six-month period ending June 30, 2015

	$<1,091,000>
	Nine-month period ending September 30, 2015

	$421,000
	Twelve-month period ending December 31, 2015

(c)    Maximum Capital Expenditures.  Shall not incur or contract to incur Non-Financed Capital Expenditures in excess of $850,000 in payments in the aggregate during the fiscal year ending December 31, 2015.  Borrowers shall provide a report to Lender on the status of their Non-Financial Capital Expenditures each month.
Borrowers shall deliver their Projections for subsequent fiscal years to Lender as required in Section 6.1 and shall work with Lender to set financial covenants for periods beyond those set forth above.  Failure to set financial covenants prior to December 31 for each subsequent fiscal year shall constitute an Event of Default.”
2.No Other Changes.  Except as explicitly amended by this Amendment or the other Loan Documents delivered in connection with this Amendment, all of the terms and conditions of the Credit Agreements and the other Loan Documents shall remain in full force and effect and shall apply to any advance or letter of credit thereunder.  This Amendment shall be deemed to be a “Loan Document” (as defined in the Credit Agreements).

		
	3.
	Accommodation Fee.  [Intentionally Omitted].

4.Conditions Precedent.  This Amendment shall be effective when Lender shall have received a duly executed original of this Amendment, together with each of the following, each in substance and form acceptable to Lender in its sole discretion and duly executed by all relevant parties:

4.1  Certificates of Authority from the corporate secretaries of the Borrowers and Guarantors;

4.2  Consent and approval of this Amendment by the Export Import Bank of the United States, if required by Lender; and

4.3  Such other matters as Lender may require.

5.Representations and Warranties.  Borrowers and Guarantors hereby represent and warrant to Lender as follows:

5.1  Borrowers and Guarantors have all requisite power and authority to execute this Amendment and any other agreements or instruments required hereunder and to perform all of their obligations hereunder, and this Amendment and all such other agreements and instruments have been duly executed and delivered by Borrowers and Guarantors and constitute the legal, valid and binding obligation of Borrowers and Guarantors, enforceable against Borrowers and Guarantors in accordance with its terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally.

5.2  The execution, delivery and performance by Borrowers and Guarantors of this Amendment and any other agreements or instruments required hereunder have been duly authorized by all necessary corporate action on the part of Borrowers and Guarantors and do not (i) require any authorization, consent or approval by any governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, other than authorizations, consents or approvals that have been obtained and are in full force and effect or as contemplated by Section 4.2, (ii) violate any material provision of any law, rule or regulation or of any order, writ, injunction or decree presently in effect, having applicability to Borrowers or Guarantors, or the certificates of incorporation or by-laws of Borrowers or Guarantors, or (iii) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other Material Contract to which Borrowers or Guarantors are a party or by which Borrowers and Guarantors or their respective properties may be bound or affected, except to the extent that any such breach or default could not individually or in the aggregate reasonably be expected to cause a Material Adverse Change.

5.3  All of the representations and warranties contained in Section 5 and Exhibit D of the Credit Agreements are true and correct in all material respects on and as of the date hereof as though made on and as of such date, except to the extent that such representations and warranties relate solely to an earlier date (in which case such representations and warranties continue to be true and correct in all material respects as of such earlier date).

6.References.  All references in the Credit Agreements to “this Agreement” shall be deemed to refer to the Credit Agreements as amended hereby; and any and all references in the other Loan Documents to the Credit Agreements shall be deemed to refer to the Credit Agreements as amended hereby.

7.No Waiver.  The execution of this Amendment and the acceptance of all other agreements and instruments related hereto shall not be deemed to be a waiver of any Default or Event of Default under the Credit Agreements or a waiver of any breach, default or event of default under any Loan Document or other document held by Lender, whether or not known to Lender and whether or not existing on the date of this Amendment.

8.Release.  Borrowers and Guarantors hereby absolutely and unconditionally release and forever discharge Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Borrowers or Guarantors have had, now have or have made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown.  It is the intention of the Borrowers and Guarantors in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention each of the Borrowers and Guarantors waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides:

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”
The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.
9.Costs and Expenses.  Borrowers agree to pay all reasonable out-of-pocket fees and disbursements of counsel to Lender for the services performed by such counsel in connection with the preparation of this Amendment and the documents and instruments incidental hereto.  Borrowers hereby agree that Lender may, at any time or from time to time in its sole discretion and without further authorization by Borrowers, make a loan to Borrowers under the Credit Agreements, or apply the proceeds of any loan, for the purpose of paying any such reasonable out-of-pocket fees, disbursements, costs and expenses.

10.Miscellaneous.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and all of which counterparts, taken together, shall constitute one and the same instrument.  Transmission by facsimile or “pdf” file of an executed counterpart of this Amendment shall be deemed to constitute due and sufficient delivery of such counterpart.  Any party hereto may request an original counterpart of any party delivering such electronic counterpart.  This Amendment and the rights and obligations of the parties hereto shall be construed in accordance with, and governed by, the laws of the State of California.  In the event of any conflict between this Amendment and the Credit Agreements, the terms of this Amendment shall govern.

[Signature Page Follows]

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

BORROWERS:
	
			
	ZHONE TECHNOLOGIES, INC.
	 

	By:
	/s/ KIRK MISAKA
	 

	Name:
	Kirk Misaka
	 

	Title:
	Chief Financial Officer
	 

	
			
	ZTI MERGER SUBSIDIARY III, INC.
	 

	By:
	/s/ KIRK MISAKA
	 

	Name:
	Kirk Misaka
	 

	Title:
	Chief Financial Officer
	 

GUARANTORS:
	
			
	PREMISYS COMMUNICATIONS, INC.
	 

	By:
	/s/ KIRK MISAKA
	 

	Name:
	Kirk Misaka
	 

	Title:
	Chief Financial Officer
	 

	
			
	ZHONE TECHNOLOGIES INTERNATIONAL, INC.
	 

	By:
	/s/ KIRK MISAKA
	 

	Name:
	Kirk Misaka
	 

	Title:
	Chief Financial Officer
	 

	
			
	PARADYNE NETWORKS, INC.
	 

	By:
	/s/ KIRK MISAKA
	 

	Name:
	Kirk Misaka
	 

	Title:
	Chief Financial Officer
	 

	
			
	PARADYNE CORPORATION
	 

	By:
	/s/ KIRK MISAKA
	 

	Name:
	Kirk Misaka
	 

	Title:
	Chief Financial Officer
	 

LENDER:
	
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 

	By:
	/s/ HARRY L. JOE
	 

	Name:
	Harry L. Joe
	 

	Title:
	Authorized Signatory

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