Document:

EX-10.3

 Exhibit 10.3 

AMENDMENT NO. 1 TO 

GENERAL MOTORS COMPANY 

SHORT-TERM INCENTIVE PLAN 

General Motors Company (the “Company”) hereby adopts this Amendment No. 1 to the General Motors Company 2014
Short-Term Incentive Plan (the “Plan”), effective as of February 2, 2016. 
 I. 

1. The following is added as a new Section 2(d) and all subsequent numbering and references thereto shall be changed accordingly: 

“Change in Control” means the occurrence of any one or more of the following events: 

(a) Any Person other than an Excluded Person, directly or indirectly, becomes the “beneficial owner” (within the
meaning of Rule 13d-3 under the Exchange Act) of securities of the Company constituting more than 40 percent of the total combined voting power of the Company’s Voting Securities outstanding; provided that if such Person becomes the
beneficial owner of 40 percent of the total combined voting power of the Company’s outstanding Voting Securities as a result of a sale of such securities to such Person by the Company or a repurchase of securities by the Company, such sale or
purchase by the Company shall not result in a Change in Control; provided further, that if such Person subsequently acquires beneficial ownership of additional Voting Securities of the Company (other than from the Company), such subsequent
acquisition shall result in a Change in Control if such Person’s beneficial ownership of the Company’s Voting Securities immediately following such acquisition exceeds 40 percent of the total combined voting power of the Company’s
outstanding Voting Securities; 
 (b) At any time during a period of 24 consecutive months, individuals who at the beginning
of such period constituted the Board and any new member of the Board whose election or nomination for election was approved by a vote of at least a majority of the directors then still in office who either were directors at the beginning of such
period or whose election or nomination for election was so approved (the “Incumbent Board”), cease for any reason to constitute a majority of members of the Board; 

(c) The consummation of a reorganization, merger or consolidation of the Company or any of its Subsidiaries with any other
corporation or entity, in each case, unless, immediately following such reorganization, merger or consolidation, more than 60 percent of the combined voting power and total fair market value of then outstanding

 
Voting Securities of the resulting corporation from such reorganization, merger or consolidation is then beneficially owned, directly or indirectly, by all or substantially all of the individuals
and entities who were the beneficial owners of the outstanding Voting Securities of the Company immediately prior to such reorganization, merger or consolidation in substantially the same proportion as their beneficial ownership of the Voting
Securities of the Company immediately prior to such reorganization, merger or consolidation; or 
 (d) The consummation of
any sale, lease, exchange or other transfer to any Person (other than a Subsidiary or affiliate of the Company) of assets of the Company and/or any of its Subsidiaries, in one transaction or a series of related transactions within a 12-month period,
having an aggregate fair market value of more than 50 percent of the fair market value of the Company and its Subsidiaries immediately prior to such transaction(s). 

Notwithstanding the foregoing in this Section 3.4, in no event shall a Change in Control be deemed to have occurred (A) as a result of the formation
of a Holding Company, (B) if the Executive is part of a “group” within the meaning of Section 13(d)(3) of the Exchange Act as in effect on the date hereof, which consummates the Change in Control transaction, or (C) if the
transaction does not constitute a “change in ownership,” “change in effective control,” or “change in the ownership of a substantial portion of the assets” of the Company for purposes of Section 409A of the Code.

 2. The following is added as a new Section 2(j) and all subsequent numbering and references thereto shall be changed accordingly:

 “Excluded Person” means (i) the Company, (ii) any of the Company’s Subsidiaries, (iii) any Holding
Company, (iv) any employee benefit plan of the Company, any of its Subsidiaries or a Holding Company, or (v) any Person organized, appointed or established by the Company, any of its Subsidiaries or a Holding Company for or pursuant to the
terms of any employee benefit plan described in clause (iv). 

  
 -2- 

 3. The following is added as a new Section 2(m) and all subsequent numbering and references
thereto shall be changed accordingly: 
 “Holding Company” means an entity that becomes a holding company for the Company
or its businesses as part of any reorganization, merger, consolidation or other transaction, provided that the outstanding shares of common stock of such entity and the combined voting power of the then outstanding Voting Securities of such entity
are, immediately after such reorganization, merger, consolidation or other transaction, beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the
Voting Securities of the Company outstanding immediately prior to such reorganization, merger, consolidation or other transaction in substantially the same proportions as their ownership, immediately prior to such reorganization, merger,
consolidation or other transaction, of such outstanding Voting Securities of the Company. 
 4. The following is added as a new
Section 2(n) and all subsequent numbering and references thereto shall be changed accordingly: 
 “Incumbent Board”
has the meaning assigned to it in Section 2(d). 
 5. The following is added as a new Section 2(r) and all subsequent numbering
and references thereto shall be changed accordingly: 
 “Person” means any individual or entity, including any two or more
Persons deemed to be one “person” as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act. 
 6. The following is added
as a new Section 2(v) and all subsequent numbering and references thereto shall be changed accordingly: 
 “Voting
Securities” means securities of a Person entitling the holder thereof to vote in the election of the members of the board of directors of such Person or such governing body of such Person performing a similar principal governing function
with respect to such Person. 
 7. The following is added as a new Section 7(d) and all subsequent numbering and references thereto
shall be changed accordingly: 
 (d) Notwithstanding any provisions of the Plan to the contrary, upon the occurrence of a Change in Control
of the Company, the following provisions shall apply: 
  

	 	(i)	Subject to the terms of the Plan as otherwise in effect, the minimum Award payable to each Participant as determined under this Section 7 of the Plan in respect of the fiscal year in which the Change in Control
occurs shall be the greatest of: 

  

	 	a.	The Award or other annual bonus paid or payable to the Participant in respect of the fiscal year prior to the year in which the Change in Control occurs; 

 

	 	b.	The amount that would be payable to the Participant if the Company achieved the Target Award for such fiscal year; or 

  

	 	c.	The Award amount that would be payable to the Participant based on the Company’s actual performance and achievement of applicable Performance Measures for such fiscal year through the date of the Change in Control.

  

	 	(ii)	If a Change in Control occurs following the completion of a fiscal year, but before Awards are paid under the Plan for that fiscal year, the Participant will be eligible to receive the Award for that fiscal year based
on actual performance as determined by the Company, subject to the terms of the Plan as otherwise in effect. 

  
 -3- 

 IN WITNESS WHEREOF, the Company has caused this Amendment No. 1 to the Plan to be executed
this 3rd day of February, 2016. 
  

	
	GENERAL MOTORS LLC
	
	 /s/ Jill E. Sutton

	By: Jill E. Sutton
	Title: Deputy General Counsel & Corporate Secretary

  
 -4-Exhibit 10.1

 

SECOND AMENDMENT 
 TO
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT

 

Dated as of February 2, 2016

 

This SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is among CUBIC CORPORATION, a Delaware corporation (the “Borrower”), the Lenders party hereto and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (the “Administrative Agent”).

 

PRELIMINARY STATEMENTS:

 

(1)           The Borrower, the Lenders and the Administrative Agent have entered into that certain Second Amended and Restated Credit Agreement dated as of May 8, 2012 (as amended from time to time, the “Credit Agreement”; capitalized terms used and not otherwise defined herein have the meanings assigned to such terms in the Credit Agreement).

 

(2)           The Borrower has requested that the Administrative Agent and the Lenders consent to a transaction not otherwise permitted under the terms of the Credit Agreement and amend the Credit Agreement, in each case as set forth in this Amendment.

 

(3)           The Administrative Agent and the Lenders party hereto are, on the terms and conditions stated below, willing to grant the request of the Borrower.

 

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

 

SECTION 1.            Consent.  Effective as of the Second Amendment Effective Date (as defined below) and subject to the satisfaction of the conditions precedent set forth in Section 3 of this Amendment, the Administrative Agent and the Lenders party hereto consent to the GATR Acquisition.

 

SECTION 2.            Amendment. Effective as of the Second Amendment Effective Date and subject to the satisfaction of the conditions precedent set forth in Section 3 of this Amendment, the parties hereto agree that the Credit Agreement is hereby amended as follows:

 

(a)           Section 1.01 of the Credit Agreement is amended to add the following definitions thereto in the appropriate alphabetical order and, where applicable, replace the corresponding previously existing definitions:

 

““Applicable Rate” means, for any day, with respect to any ABR Loan or Eurodollar Loan or the Revolving Credit Commitment Fee;

 

(i)    if such day occurs on or after the Second Amendment Effective Date and prior to the delivery of the financial statements referred to in clause (ii) below for the fiscal period ended March 31, 2016, (x) with respect to Loans that are Eurodollar Loans, 2.25%, (y) with respect to Loans that are ABR Loans, 1.25% and (z) with respect to the Revolving Credit Commitment Fee, 0.400%; and

 

(ii)   if such day occurs on or after the date upon which the Borrower shall have delivered to the Administrative Agent the financial statements required to be delivered for the

 

 

fiscal period ended March 31, 2016 pursuant to Section 5.01(a), the rate as set forth below that corresponds to the Leverage Ratio as of the last day of the fiscal quarter or fiscal year most recently ended prior to such day for which financial statements shall have been delivered to the Administrative Agent as required pursuant to Section 5.01(a) or (b) hereof, together with the corresponding compliance certificate required pursuant to Section 5.02 hereof; provided that any increase or decrease in the Applicable Rate shall become effective as of the fifth Business Day immediately following the date the financial statements and accompanying compliance certificate shall have been delivered for a fiscal quarter or fiscal year end; and provided, further, that (A) if the Borrower shall fail to timely deliver such statements and certificates for any such fiscal quarter or fiscal year period or (B) during the continuance of an Event of Default, then the Applicable Rate with respect to ABR Loans and Eurodollar Loans and with respect to the Revolving Credit Commitment Fee shall be determined for the period (x) from and including the date upon which such financial statements and certificate were required to be delivered to but excluding the date upon which financial statements and a certificate complying with Section 5.01(a) or (b) and Section 5.02 are delivered or (y) from and including the date from which such Event of Default shall have occurred but excluding the date upon which such Event of Default is cured or waived as if the applicable Leverage Ratio was greater than 3.00:1.00:

 

	
Leverage Ratio
    	
 
    	
Eurodollar
   Spread for Loans
    	
 
    	
ABR Spread
   for Loans
    	
 
    	
Commitment
   Fee
    	
 
    
	
Less than 1.00   to 1.00
    	
 
    	
1.375
    	
%
    	
0.375
    	
%
    	
0.20
    	
%
    
	
Greater than or   equal to 1.00 to 1.00 but less than 1.50 to 1.00
    	
 
    	
1.50
    	
%
    	
0.50
    	
%
    	
0.25
    	
%
    
	
Greater than or   equal to 1.50 to 1.00 but less than 2.00 to 1.00
    	
 
    	
1.75
    	
%
    	
0.75
    	
%
    	
0.30
    	
%
    
	
Greater than or   equal to 2.00 to 1.00 but less than 2.50 to 1.00
    	
 
    	
2.00
    	
%
    	
1.00
    	
%
    	
0.35
    	
%
    
	
Greater than or   equal to 2.50 to 1.00 but less than 3.00 to 1.00
    	
 
    	
2.25
    	
%
    	
1.25
    	
%
    	
0.40
    	
%
    
	
Greater than or   equal to 3.00 to 1.00
    	
 
    	
2.50
    	
%
    	
1.50
    	
%
    	
0.45
    	
%
    

 

”.

 

““Consolidated EBITDA” means with respect to the Borrower and its Restricted Subsidiaries for any period (a) the sum of (i) Consolidated Net Income, (ii) Consolidated Interest Expense (to the extent deducted in determining Consolidated Net Income), (iii) taxes, and (iv) depreciation and amortization (to the extent deducted in determining Consolidated Net Income) and stock compensation and other non-cash items properly deductible in determining Consolidated Net Income, calculated on a consolidated basis in accordance with GAAP, (b) plus, solely for the purposes of determining compliance with Section 6.01(b), (i) enterprise resource planning expense not to exceed (A) $30,000,000 with respect to any four consecutive fiscal quarter measurement period ending in the fiscal year ending on September 30, 2016, (B) $25,000,000 with respect to any four consecutive fiscal quarter measurement period ending in the fiscal year ending on September 30, 2017 and (C) $20,000,000 with respect to any four consecutive quarter measurement period ending in the fiscal year ending on September 30, 2018 and (ii) the following one-time non-recurring expense items in connection with any acquisition (including, without limitation, the GATR Acquisition and the acquisition of TeraLogics: (A) options expense, (B) deal bonuses, (C) earn outs and purchase price allocations relating to options, (D) expense in respect of inventory in finished goods, (E) retention expense, (F) legal, accounting, tax and other consulting expense, (G) integration expense, (H) director & officer and representation & warranty expense and (I) fees and

 

2

 

expenses in respect of the financing of any acquisition, minus (c) non-cash items properly added in determining Consolidated Net Income for such period, all such calculations to be on a consolidated basis in accordance with GAAP.”

 

““GATR Acquisition” means the acquisition by the Borrower of all of the capital stock of GATR Technologies, Inc. (“GATR”), an Alabama corporation, pursuant to the Stock Purchase Agreement dated as of December 18, 2015 among GATR, the shareholders of GATR, the representative of such shareholders and the Borrower as such agreement may be amended, supplemented or otherwise modified, in each case in any material respect which is not adverse to the Administrative Agent or the Lenders (it being understood and agreed that changes to the purchase price in excess of 10% thereof or the definition of “Material Adverse Effect” appearing therein shall be deemed to be a material amendment or modification which is adverse to the Administrative Agent and the Lenders) from time to time.”

 

““Most Favored Provisions” has the meaning specified in Section 6.13.”

 

““Note Purchase Agreement” means that certain Amended and Restated Note Purchase and Private Shelf Agreement (including all exhibits and schedules attached thereto) dated as of February 2, 2016, between the Borrower and Guarantors on the one hand, and the Purchasers (as defined therein) on the other hand, as it may be amended, supplemented or otherwise modified from time to time, together with any renewals, extensions, replacements and refinancings (notwithstanding whether such replacements or refinancings are entered into with the Investors party thereto as of February 2, 2016 or any other Person) thereof.”

 

““Second Amendment” means that certain Second Amendment to Second Amended and Restated Credit Agreement dated as of February 2, 2016 by and among the Borrower, the Administrative Agent and the Lenders party thereto.”

 

““Second Amendment Effective Date” shall have the meaning ascribed thereto in the Second Amendment.”

 

(b)           The definition of “Revolving Loan Commitment” appearing in Section 1.01 of the Credit Agreement is hereby amended to restate the penultimate sentence thereof as follows:

 

“The aggregate amount of the Lenders’ Revolving Loan Commitments on the Second Amendment Effective Date is $400,000,000.”

 

(c)           Section 2.02(c) of the Credit Agreement is amended to replace the phrase “five (5)” appearing therein with the phrase “ten (10)”.

 

(d)           Section 5.02(a) of the Credit Agreement is amended to replace the phrase “and Section 6.10” appearing therein with the phrase “, Section 6.10 and the requirements of any Most Favored Provision incorporated herein pursuant to Section 6.13”.

 

(e)           Article VI of the Credit Agreement is amended to insert Section 6.13, which will read in its entirety as follows:

 

“SECTION 6.13             Most Favored Provisions.  If at any time the Note Purchase Agreement, or any agreement or document related to the Note Purchase Agreement, includes (a) any covenant, event of default or similar provision that is not provided for in this Agreement, or (b) any covenant, event of default or similar provision that is more restrictive than the same or similar covenant,

 

3

 

event of default or similar provision provided in this Agreement (all such provisions described in clauses (a) or (b) of this Section 6.13 being referred to as the “Most Favored Provisions”), then (i) such Most Favored Provision shall immediately and automatically be incorporated by reference in this Agreement as if set forth fully herein, mutatis mutandis, and no such provision may thereafter be waived, amended or modified under this Agreement, except pursuant to the provisions of Section 9.02, and (ii) the Borrower shall promptly, and in any event within five (5) Business Days after entering into any such Most Favored Provision, so advise the Lenders in writing.  Thereafter, upon the request of the Required Lenders, the Borrower shall enter into an amendment to this Agreement with the Required Lenders evidencing the incorporation of such Most Favored Provision, it being agreed that any failure to make such request or to enter into any such amendment shall in no way qualify or limit the incorporation by reference described in clause (i) of the immediately preceding sentence.”

 

(f)            Section 6.01(b) of the Credit Agreement is amended and restated to read in its entirety as follows:

 

“The Borrower will not permit the Leverage Ratio (i) at the end of any fiscal quarter ending prior to December 31, 2016 to be greater than 4.00:1.00 and (ii) at the end of any fiscal quarter ending on or after December 31, 2016 to be greater than 3.50 to 1.00.”

 

(g)           Schedule 2.01 of the Credit Agreement is amended and restated to read in its entirety as Schedule 2.01 to this Amendment.

 

SECTION 3.            Conditions to Effectiveness. The consent in Section 1 of this Amendment and the amendments in Section 2 of this Amendment shall be effective as of the date (the “Second Amendment Effective Date”) the following conditions are satisfied:

 

(a)           the Administrative Agent’s receipt of counterparts of this Amendment duly executed by the Borrower, the Administrative Agent, Lenders constituting Required Lenders and each Lender increasing its Revolving Loan Commitment pursuant to this Amendment;

 

(b)           the Administrative Agent’s receipt of a reaffirmation (the “Reaffirmation”) of the Guarantee by the Guarantors, in the form of Exhibit A, duly executed by each Guarantor party thereto;

 

(c)           the Administrative Agent’s receipt of (i) such documents or certificates with respect to legal matters or corporate or other proceedings related to this Amendment or the transactions contemplated hereby as may be reasonably requested by the Administrative Agent and (ii) a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the date hereof) of counsel to the Borrower and the Guarantors, in form and substance reasonably satisfactory to the Administrative Agent and its counsel and covering such matters relating to the Borrower and the Guarantors, the Financing Documents, this Amendment or the Transactions as the Administrative Agent shall reasonably request;

 

(d)           the Administrative Agent’s receipt of a certificate signed by the President, a Vice President or a Financial Officer of the Borrower certifying that, after giving effect to this Amendment, the Borrower is in compliance with the conditions contained in Section 4.02 of the Credit Agreement (as amended by this Amendment);

 

(e)           the Administrative Agent’s receipt of evidence reasonably satisfactory to it that, on or prior to March 31, 2016, the GATR Acquisition has been consummated or, substantially concurrently with the effectiveness of this Amendment, will be consummated;

 

4

 

(f)            the Administrative Agent’s receipt of an effective amendment to, or restatement of, the Note Purchase and Private Shelf Agreement (the “Private Placement”) dated as of March 12, 2013 by and among the Borrower, the guarantors party thereto, Prudential Investment Management, Inc. and the other purchasers party thereto, which amendment shall permit the consummation of the GATR Acquisition and shall otherwise amend the Private Placement on terms no more restrictive than those set forth in this Amendment;

 

(g)           the Administrative Agent shall have made such reallocations of each Lender’s Revolving Credit Exposure under the Credit Agreement as are necessary in order that the Revolving Credit Exposure with respect to such Lender reflects the pro rata share of the aggregate Revolving Credit Exposure set forth in Schedule 2.01 for such Lender under the Credit Agreement as amended hereby.  The Borrower hereby agrees to compensate each Lender for any and all losses, costs and expenses incurred by such Lender in connection with the sale and assignment of any Eurodollar Loans and the reallocation described in this clause (g), in each case on the terms and in the manner set forth in Section 2.15 of the Credit Agreement; and

 

(h)           the Administrative Agent’s (and its affiliates) and the Lenders’ receipt of all fees and expenses then due and owing under the Credit Agreement, the other Financing Documents or under any other applicable letter agreement, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower under the Credit Agreement or other applicable document.

 

The Administrative Agent shall notify the Borrower and the Lenders of the Second Amendment Effective Date, and such notice shall be conclusive and binding.

 

SECTION 4.            Representations and Warranties. The Borrower represents and warrants as follows:

 

(a)           Authority; Enforceability. The Borrower has the requisite corporate power and authority to execute, deliver and perform this Amendment, and to perform its obligations under the Credit Agreement as modified hereby and the other Financing Documents to which it is a party. Each Guarantor has the requisite corporate power and authority to execute, deliver and perform the Reaffirmation, and to perform its obligations under the Reaffirmation and the other Financing Documents to which it is a party The execution, delivery and performance by the Borrower of this Amendment and by each Guarantor of the Reaffirmation have been duly approved by the board of directors of each such Person, and no other corporate proceedings on the part of the Borrower or any Guarantor are necessary to consummate such transactions. This Amendment has been duly executed and delivered by the Borrower and the Reaffirmation has been duly executed and delivered by each Guarantor.  Each of this Amendment and the Credit Agreement as amended hereby constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization or moratorium or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles. Each of the Guarantee by the Guarantors and the Reaffirmation constitutes the legal, valid and bind obligation of each Guarantor, enforceable against such Guarantor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization or moratorium or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles.

 

(b)           Financing Document Representations and Warranties. The representations and warranties contained in each Financing Document are true and correct in all material respects (except that any representation and warranty that is qualified by materiality shall be true and correct in all respects) on and as of the date hereof, before and after giving effect to this Amendment, as though made on and as of

 

5

 

such date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct as of such earlier date).

 

(c)           Absence of Default. Except as expressly waived hereby, no event or circumstance has occurred and is continuing, or would result from the effectiveness of this Amendment, that constitutes a Default or an Event of Default.

 

SECTION 5.            Reference to and Effect on the Financing Documents. (a)  Upon and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof’ or words of like import referring to the Credit Agreement, and each reference in the other Financing Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified and amended hereby.

 

(b)           The Credit Agreement and all other Financing Documents are and shall continue to be in full force and effect and are hereby ratified and confirmed in all respects.

 

(c)           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 the Administrative Agent under any of the Financing Documents, nor constitute a waiver of any provision of any of the Financing Documents.

 

SECTION 6.            Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telefacsimile shall be effective as delivery of a manually executed counterpart of this Amendment.

 

SECTION 7.            Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK; PROVIDED THAT THE ADMINISTRATIVE AGENT, THE LENDERS AND THE BORROWER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

 

SECTION 8.            Severability. Whenever possible, each provision of this Amendment shall be interpreted in a manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Amendment.

 

SECTION 9.            Captions and Headings. The captions or section headings at various places in this Amendment are intended for convenience only and do not constitute and shall not be interpreted as part of this Amendment.

 

6

 

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

 

	
 
    	
CUBIC CORPORATION,   as the Borrower
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ James R. Edwards
    
	
 
    	
James R. Edwards
    
	
 
    	
Senior Vice President,   General Counsel and Secretary
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gregory L. Tanner
    
	
 
    	
Gregory L. Tanner
    
	
 
    	
Vice President and   Treasurer
    

 

	
 
    	
JPMORGAN CHASE BANK, N.A.,   individually as a Lender and as Administrative Agent
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Anna C. Araya
    
	
 
    	
Name: Anna C. Araya
    
	
 
    	
Title:   Vice President
    

 

	
 
    	
BANK OF THE WEST,   as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jack Lenhof
    
	
 
    	
Name: Jack Lenhof
    
	
 
    	
Title:   Director
    

 

	
 
    	
BRANCH BANKING AND TRUST   COMPANY, as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Melinda Gulledge
    
	
 
    	
Name: Melinda Gulledge
    
	
 
    	
Title:   Banking
    

 

	
 
    	
MUFG UNION BANK, N.A.,   as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ James Kordas
    
	
 
    	
Name: James Kordas
    
	
 
    	
Title:   Director
    

 

	
 
    	
U.S. BANK, NATIONAL ASSOCIATION,   as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Marty McDonald
    
	
 
    	
Name: Marty McDonald
    
	
 
    	
Title:   AVP
    

 

	
 
    	
WELLS FARGO BANK, NATIONAL   ASSOCIATION, as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Alyssa Pearson 
    
	
 
    	
Name: Alyssa Pearson 
    
	
 
    	
Title:   Senior Vice President
    

 

 

SCHEDULE 2.01

 

Commitments

 

	
Lender
    	
 
    	
Revolving Credit Commitment
    	
 
    	
Approximate Percentage of
   Total Revolving Credit
   Commitment
    	
 
    
	
JPMorgan Chase   Bank, N.A.
    	
 
    	
$
    	
70,000,000.00
    	
 
    	
17.5
    	
%
    
	
Bank of the West
    	
 
    	
$
    	
66,000,000.00
    	
 
    	
16.5
    	
%
    
	
Branch Banking   and Trust Company
    	
 
    	
$
    	
66,000,000.00
    	
 
    	
16.5
    	
%
    
	
MUFG Union Bank,   N.A.
    	
 
    	
$
    	
66,000,000.00
    	
 
    	
16.5
    	
%
    
	
U.S. Bank,   National Association
    	
 
    	
$
    	
66,000,000.00
    	
 
    	
16.5
    	
%
    
	
Wells Fargo   Bank, National Association
    	
 
    	
$
    	
66,000,000.00
    	
 
    	
16.5
    	
%
    
	
Total:
    	
 
    	
$
    	
400,000,000
    	
 
    	
100
    	
%
    

 

 

Exhibit A

 

REAFFIRMATION BY THE GUARANTORS

 

Each of the undersigned (a) acknowledges that (i) it has reviewed that certain Second Amendment (the “Amendment”; capitalized terms used and not otherwise defined herein have the meanings assigned to such terms in the Amendment), dated as of January [  ], 2016, to that certain Second Amended and Restated Credit Agreement dated as of May 8, 2012 (the “Credit Agreement”), among Cubic Corporation as the Borrower, the Lenders party thereto and JPMorgan Chase Bank, N.A., as the Administrative Agent, (ii) that certain Second Amended and Restated Guarantee, dated as of May 8, 2012, (the “Guarantee”) to which it is a party and the other Financing Documents to which it is a party remains in full force and effect, and (iii) under the terms of the Guarantee, it guarantees the Guaranteed Obligations (as defined in the Guarantee) and the other obligations set forth in the Guarantee, and (b) agrees that each Financing Document to which it is a party is hereby reaffirmed, ratified, approved and confirmed in each and every respect, except that, upon the effectiveness of, and on and after the date of, this Amendment, each reference to the Guarantee in the Credit Agreement, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended by the Amendment.

 

	
 
    	
CUBIC TRANSPORTATION   SYSTEMS, INC., a California corporation, as a   Guarantor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gregory L. Tanner
    
	
 
    	
Gregory L. Tanner
    
	
 
    	
Treasurer
    
	
 
    	
 
    
	
 
    	
CUBIC DEFENSE   APPLICATIONS, INC., a California corporation, as a   Guarantor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gregory L. Tanner
    
	
 
    	
Gregory L. Tanner
    
	
 
    	
Treasurer
    

 

 

	
 
    	
CUBIC SIMULATION   SYSTEMS, INC., a California corporation, as a   Guarantor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gregory L. Tanner
    
	
 
    	
Gregory L. Tanner
    
	
 
    	
Treasurer
    
	
 
    	
 
    
	
 
    	
OMEGA TRAINING GROUP, INC.,   a Georgia corporation, as a Guarantor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gregory L. Tanner
    
	
 
    	
Gregory L. Tanner
    
	
 
    	
Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
NEXTBUS, INC.,   a Delaware corporation, as a Guarantor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gregory L. Tanner
    
	
 
    	
Gregory L. Tanner
    
	
 
    	
Treasurer
    
	
 
    	
 
    
	
 
    	
DTECH LABS, INC.,   a Delaware corporation, as a Guarantor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gregory L. Tanner
    
	
 
    	
Gregory L. Tanner
    
	
 
    	
Treasurer
    
	
 
    	
 
    
	
 
    	
CUBIC GLOBAL DEFENSE, INC.,   a Delaware corporation, as a Guarantor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gregory L. Tanner
    
	
 
    	
Gregory L. Tanner
    
	
 
    	
Treasurer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]