Document:

Exhibit 10.5

 

Execution Version

 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made effective as of October 24, 2019 (the “Effective Date”) by and among Cloud Peak Energy Inc., a Delaware corporation (the “Company”) and Bryan Pechersky (the “Executive”).

 

RECITALS

 

WHEREAS, the Company and the Executive previously entered into that certain Employment Agreement dated March 3, 2010 (the “Original Agreement”); and

 

WHEREAS, in connection with the sale of certain of the Company’s operating assets to Navajo Transitional Energy Company, LLC (“NTEC”) pursuant to that Asset Purchase Agreement between the Company and NTEC dated as of August 19, 2019, as amended (the “Sale”) and the Company’s bankruptcy filing pursuant to chapter 11 of title 11 of the United States Code (the “Bankruptcy”), the Company and the Executive desire to amend and restate the Original Agreement as set forth below, replacing the Original Agreement in its entirety.

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other valid consideration the sufficiency of which is acknowledged, the parties hereto agree as follows:

 

Section 1.                                           Employment.

 

1.1.                            Term.  The “Term” of this Agreement shall be for a period commencing on the closing date of the Sale, and ending on the earlier of (i) December 31, 2019 and (ii) the date that the Company’s Joint Chapter 11 Plan of Cloud Peak Energy Inc. and Certain of its Debtor Affiliates (including all exhibits and schedules attached thereto, the “Plan”) becomes effective.  The Term shall terminate automatically without any action on the part of either the Company or the Executive.

 

1.2.                            Title; Duties; Place of Performance.  During the Term, the Executive shall serve as Executive Vice President, General Counsel and Corporate Secretary of the Company and, if needed, as a member of the board of directors of the Company (the “Board”).  In such positions, the Executive shall have during the Term such authority, duties, functions and responsibilities as are typically accorded to and consistent with the Executive’s position as Executive Vice President, General Counsel and Corporate Secretary and will be responsible for overseeing the management of the Estates (as defined within the Plan) throughout the Term.  The Executive’s principal places of employment during the Term shall be in the Denver, Colorado region; provided, however, that the Executive may provide services remotely as and when appropriate.

 

1.3.                            Non-Exclusivity.  During the Term, the Executive shall devote appropriate time and attention during normal business hours to the business and affairs of the Company, and shall conform to and comply with the lawful and reasonable directions and instructions given to him by the Board, consistent with Section 1.2 above; provided, however, that the Company and the Executive have agreed that the Executive may engage in personal or

 

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business activities outside of the Company, including, without limitation, accepting or beginning full-time employment with a third party employer during the Term.

 

Section 2.                                           Compensation.

 

2.1.                            Service Payment.  For providing services to the Company following the Sale, the Executive shall receive a lump sum cash payment in the amount of $71,842.59 (the “Service Payment”). The Service Payment will be paid to the Executive as soon as practicable following the beginning of the Term, but in no event later than thirty (30) days following the beginning of the Term.

 

2.2.                            Employee Benefits.

 

(i)                                     Company Benefits.  In connection with the Sale, the Company shall terminate, cancel or otherwise cease to maintain any employee benefit plans, arrangements or policies (including any policy regarding vacation or paid time-off), and the Executive acknowledges that during the Term he shall not participate in any Company benefit arrangements (including, without limitation, vacation benefits) or receive benefits from the Company other than specifically provided pursuant to this Agreement.

 

(ii)                                  COBRA Rights Pursuant to NTEC Plan.  In connection with the Sale, the Company shall cease to sponsor any medical, dental or vision benefits plans, and any such plans that were sponsored by the Company prior to the Sale (the “CPE Plans”) shall be adopted by NTEC (the “NTEC Plans”).  Provided that the Executive makes the proper elections, the Executive shall be eligible to receive benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) pursuant to the NTEC Plans or law during and following the Term.

 

Section 3.                                           Unauthorized Disclosure.  The Executive agrees and understands that in the Executive’s position with the Company, the Executive has been and may be exposed to, and has and may receive information relating to, the confidential affairs of the Company and its affiliates (collectively, the “Confidential Information”).  The Executive agrees that at all times during the Executive’s employment with the Company and thereafter, the Executive shall not disclose, communicate, or furnish to any other person any information that the Company and its affiliates have identified to the Executive in writing as confidential or proprietary information or that, even without such identification, the Executive knows or should know to be confidential or proprietary information except for Permitted Disclosures (as defined below).  This confidentiality covenant has no temporal, geographical or territorial restriction.  Upon termination of the Executive’s employment with the Company, the Executive shall promptly supply to the Company all property including computers, keys, notes, memoranda, writings, lists, files, reports, customer lists, correspondence, tapes, disks, cards, surveys, maps, logs, machines, technical data and any other tangible product or document which has been produced by, received by or otherwise submitted to the Executive during or prior to the Executive’s employment with the Company, and any copies thereof in his (or capable of being reduced to his) possession.  “Permitted Disclosure” means the disclosure of confidential or proprietary information that (i) is made with the prior written consent of the Company, (ii) is required to be disclosed by law or legal process, or (iii) is made in the course of the Executive’s employment with the Company, but only to the extent the Executive

 

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reasonably deemed such disclosure necessary or appropriate to perform the Executive’s responsibilities on behalf of the Company or otherwise advance the interests of the Company.

 

Section 4.                                           Company Acknowledgements.

 

4.1.                            Retention Bonuses.  The Company and the Executive previously entered into that certain Executive Retention Agreement dated January 29, 2019 (the “Retention Agreement”).  The Company acknowledges that the Executive has fully satisfied all requirements to retain the “Retention Bonus” (as defined in the Retention Agreement) previously paid to the Executive pursuant to the Retention Agreement, and such Retention Bonus is no longer subject to the clawback provisions of Section 3 of the Retention Agreement.

 

4.2.                            EMBA Program Reimbursement.  The Company and the Executive previously entered into that certain Pechersky Executive MBA Agreement dated May 11, 2018 (the “EMBA Agreement”).  Pursuant to the EMBA Agreement, the Executive would be required to pay to the Company all or a portion of the “Covered EMBA Amount” (as defined in the EMBA Agreement) if certain employment conditions were met.  The Company acknowledges that the Executive has fully satisfied all requirements to retain the Covered EMBA Amount and the Company further acknowledges that it has no rights to receive reimbursement from the Executive of all or a portion of the Covered EMBA Amount pursuant to Section 3 of the EMBA Agreement.

 

Section 5.                                           D&O Insurance.  The Company will provide directors and officers insurance coverage and a supporting tail policy during the Term in a coverage amount reasonably acceptable to the Executive. The cost of such coverage and tail policy shall be paid by the Company.

 

Section 6.                                           Withholding; Taxes.  All amounts paid to the Executive under this Agreement during or following the Term shall be subject to any required withholding and other employment taxes imposed by applicable law.

 

Section 7.                                           Miscellaneous.

 

7.1.                            Amendments and Waivers.  This Agreement and any of the provisions hereof may be amended, waived (either generally or in a particular instance and either retroactively or prospectively), modified or supplemented, in whole or in part, only by written agreement signed by the parties hereto.

 

7.2.                            Assignment; No Third-Party Beneficiaries.  This Agreement, and the Executive’s rights and obligations hereunder, may not be assigned by the Executive or the Company, and any purported assignment by the Executive or the Company shall be null and void; provided, however, the Company is authorized to assign this Agreement to a successor to substantially all of its assets by merger or otherwise.

 

7.3.                            Notices.  Unless otherwise provided herein, all notices, requests, demands, claims and other communications provided for under the terms of this Agreement shall be in writing.  Any notice, request, demand, claim or other communication hereunder shall be

 

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sent by (i) personal delivery (including receipted courier service) or overnight delivery service, (ii) facsimile during normal business hours, with confirmation of receipt, to the number indicated, (iii) reputable commercial overnight delivery service courier or (iv) registered or certified mail, return receipt requested, postage prepaid and addressed to the intended recipient as set forth below:

 

(a)                                 If to the Executive, to the most recent home address that the Company maintains in its records for the Executive.

 

(b)                                 If to the Company, to:

 

Cloud Peak Energy Inc. 
 Attention:  Alan Boyko
 999 17th Street, Suite 700

Denver, CO 80202

Facsimile: (303) 689-8803 
 Telephone: (303) 689-8892

 

All such notices, requests, consents and other communications shall be deemed to have been given when received.  Any party may change its facsimile number or its address to which notices, requests, demands, claims and other communications hereunder are to be delivered by giving the other parties hereto notice in the manner then set forth.

 

7.4.                            Governing Law.  This Agreement shall be construed and enforced in accordance with, and the rights and obligations of the parties hereto shall be governed by, the laws of the state of Colorado, without giving effect to the conflicts of law principles thereof.

 

7.5.                            Severability.  Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law but the invalidity or unenforceability of any provision or portion of any provision of this Agreement in any jurisdiction shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of this Agreement, including that provision or portion of any provision, in any other jurisdiction.  In addition, should a court or arbitrator determine that any provision or portion of any provision of this Agreement is not reasonable or valid, either in period of time, geographical area, or otherwise, the parties hereto agree that such provision should be interpreted and enforced to the maximum extent which such court or arbitrator deems reasonable or valid.

 

7.6.                            Entire Agreement.  This Agreement constitutes the entire agreement between the parties and supersedes all prior representations, agreements and understandings (including any prior course of dealings), both written and oral, between the parties with respect to the subject matter hereof; including, without limitation, the Original Agreement.

 

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IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above.

 

	
 
    	
 
    	
CLOUD PEAK ENERGY   INC.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
/s/ Bryan Pechersky
    	
 
    	
By:
    	
/s/ Colin Marshall
    
	
Bryan   Pechersky
    	
 
    	
 
    	
Colin   Marshall
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
President,   Chief Executive Officer and Director
    

 

5Exhibit 4.1

    

   

    

   

    

  

    
    AMENDMENT NO. 1 dated as of October 18, 2019 (this “Amendment”),
      to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of January 5, 2018 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”;
      capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Credit Agreement), among ITRON, INC., a Washington corporation (the “Company”),
      the FOREIGN BORROWERS and GUARANTORS party thereto, the LENDERS and ISSUING LENDERS party thereto and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as Administrative
      Agent (in such capacity, the “Administrative Agent”).

     

    WHEREAS, the Company has requested, among other things, the extension of the Maturity Date to the date that is five years from the
      Amendment Effective Date (as defined below) (the “Maturity Date Extension”); and

     

    WHEREAS, (a) each Lender holding Revolving Commitments and/or Revolving Loans immediately prior to the consummation of the transactions
      specified in Section 2 hereof (each, an “Existing Revolving Lender”) and each Lender holding Term Loans immediately prior to the consummation of the transactions specified in
      Section 2 hereof (each, an “Existing Term Lender” and, together with each Existing Revolving Lender, collectively, the “Existing
          Lenders”) that executes and delivers a signature page to this Amendment (each, a “Consenting Revolving Lender” or a “Consenting Term Lender”, as applicable, and collectively, the “Consenting Lenders”) at or prior to 9:00 p.m., New York City time, on October
      16, 2019 (the “Delivery Time”), will have agreed to the terms of this Amendment upon the effectiveness of this Amendment on the Amendment Effective Date, and (b) each Existing
      Lender that does not execute and deliver a signature page to this Amendment at or prior to the Delivery Time (each, a “Declining Revolving Lender” or a “Declining Term Lender”, as applicable, and collectively, the “Declining Lenders”) will be deemed not to have agreed to this
      Amendment and will be subject to the mandatory assignment provisions of Sections 2.19(b) of the Credit Agreement upon the effectiveness of this Amendment on the Amendment Effective Date (it being understood that the interests, rights and obligations
      of the Declining Lenders under the Credit Documents will be assumed by (i) certain Consenting Lenders and (ii) certain financial institutions that are not Existing Lenders and that are party hereto (each, a “New Revolving Lender” or “New Term Lender”, as applicable, and collectively, the “New
          Lenders”), in each case in accordance with Sections 2.19(b) and 10.6 of the Credit Agreement and Sections 2(a) and 2(b) hereof).

     

    NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and
      receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows:

    
      
        

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    SECTION 1.  Rules of Interpretation.  The rules of interpretation set forth in Section 1.2 of the Credit Agreement are hereby incorporated by reference herein, mutatis mutandis.

     

    SECTION 2.  Maturity Date Extension.

     

    (a)  Concerning the Revolving Lenders,
          the Revolving Commitments and the Revolving Loans.

     

    
      
        (i)  Subject to the terms and conditions set forth herein, on the Amendment Effective Date, (A) each New Revolving Lender shall become, and each Consenting Revolving Lender
          shall continue to be, a “Revolving Lender” and a “Lender” under the Credit Agreement and (B) each New Revolving Lender shall have, and each Consenting Revolving Lender shall continue to have, all the rights and obligations of a “Revolving Lender”
          and a “Lender” holding a Revolving Commitment or a Revolving Loan under the Credit Agreement and the other Credit Documents.

         

        

        (ii)  Pursuant to Sections 2.19(b) and 10.6 of the Credit Agreement, on the Amendment Effective Date, (A) each Declining Revolving Lender shall be deemed to have assigned,
          delegated and transferred its Revolving Commitments and its Revolving Loans, as applicable, including any Participation Interests and (B) each Consenting Revolving Lender that will be allocated an aggregate amount of the Revolving Commitments as
          of the Amendment Effective Date that is less than the aggregate amount of Revolving Commitments of such Consenting Revolving Lender immediately prior to the Amendment Effective Date (as disclosed to such Consenting Revolving Lender by the
          Administrative Agent prior to the date hereof and reflected on Schedule I hereto) shall be deemed to have assigned, delegated and transferred the portion of its Revolving Commitments in excess of such allocated amount (together with a
          proportionate principal amount of the Revolving Loans and Participation Interests of such Consenting Revolving Lender), in each case together with all its interests, rights (other than its existing rights to payments pursuant to Section 2.14 or
          2.16 of the Credit Agreement) and obligations under the Credit Documents in respect thereof, to Wells Fargo, as assignee, and, in the case of its Revolving Loans and Participation Interests, at a purchase price equal to par (the “Revolving Loan
          Purchase Price”).  Upon (1) payment to a Declining Revolving Lender of (x) the Revolving Loan Purchase Price with respect to its Revolving Loans and Participation Interests so assigned, delegated and transferred pursuant to this paragraph (ii)
          (which shall be paid by Wells Fargo) and (y) accrued and unpaid interest and fees and other amounts owing under the Credit Agreement, in each case with respect to the Revolving Commitments and Revolving Loans through but excluding the Amendment
          Effective Date (which shall be paid by the Company), and (2) the satisfaction of the applicable conditions set forth in Sections 2.19(b) and 10.6 of the Credit Agreement (but without the requirement of any further action on the part of such
          Declining Revolving Lender, the Company or the Administrative Agent), such Declining Revolving Lender shall cease to be a party to the Credit Agreement in its capacity as a Revolving Lender and a Lender 

      

    

    
      
        
          
            

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         (iii)  Subject to the terms and conditions set forth herein, on the Amendment Effective Date, (A) to the extent any Consenting Revolving Lender will be allocated an aggregate
          amount of the Revolving Commitments as of the Amendment Effective Date that is more than the aggregate amount of the Revolving Commitments of such Consenting Revolving Lender immediately prior to the Amendment Effective Date (as disclosed to such
          Consenting Revolving Lender by the Administrative Agent prior to the date hereof and reflected on Schedule I hereto), each such Consenting Revolving Lender agrees to assume from Wells Fargo the portion of such excess amount (together with a
          proportionate principal amount of the Revolving Loans and Participation Interests (in the case of the Revolving Loans and Participation Interests, at a purchase price equal to par)) and (B) each New Revolving Lender, if any, set forth on Schedule
          I hereto agrees to assume from Wells Fargo Revolving Commitments in an aggregate amount equal to the amount disclosed to such New Revolving Lender by the Administrative Agent prior to the date hereof and reflected on Schedule I hereto (together
          with a proportionate principal amount of the Revolving Loans and Participation Interests (in the case of the Revolving Loans and Participation Interests, at a purchase price equal to par)). 

        

      

    

    
      
         

        

      

    

    
      
        (iv)  Each New Revolving Lender, if any, by delivering its signature page to this Amendment on the Amendment Effective Date and assuming Revolving Commitments and Revolving
          Loans in accordance with Section 2(a)(iii) hereof, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be approved by the Administrative Agent or any Lenders, as
          applicable, on the Amendment Effective Date.

      

    

    
      
         

        

        (v)  The transactions described in this Section 2(a) will be deemed to satisfy the requirements of Sections 2.19(b) and 10.6 of the Credit Agreement in respect of the
          assignment of the Revolving Commitments, Revolving Loans and Participation Interests so assigned, delegated and transferred pursuant to Section 2(a)(ii) hereof, and this Amendment will be deemed to be an Assignment and Assumption with respect to
          such assignments.

         

        

      

    

    
      
        (b)  Concerning the Term Lenders and the Term Loans.

         

      

    

    
      
        (i)  Subject to the terms and conditions set forth herein, on the Amendment Effective Date, (A) each New Term Lender shall become, and each Consenting Term Lender shall
          continue to be, a “Term Loan Lender” and a “Lender” under the Credit Agreement and (B) each New Term Lender shall have, and each Consenting Term Lender shall continue to have, all the rights and obligations of a “Term Loan Lender” and a “Lender”
          holding a Term Loan under the Credit Agreement and the other Credit Documents.

      

    

    
      
        
          

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        (ii)  Pursuant to Sections 2.19(b) and 10.6 of the Credit Agreement, on the Amendment Effective Date, (A) each Declining Term Lender shall be deemed to have assigned, delegated
          and transferred its Term Loans and (B) each Consenting Term Lender that will be allocated an aggregate principal amount of the Term Loans as of the Amendment Effective Date that is less than the aggregate principal amount of Term Loans of such
          Consenting Term Lender immediately prior to the Amendment Effective Date (as disclosed to such Consenting Term Lender by the Administrative Agent prior to the date hereof and reflected on Schedule II hereto) shall be deemed to have assigned,
          delegated and transferred the portion of its Term Loans in excess of such allocated amount, in each case together with all its interests, rights (other than its existing rights to payments pursuant to Section 2.14 or 2.16 of the Credit Agreement)
          and obligations under the Credit Documents in respect thereof, to Wells Fargo, as assignee, at a purchase price equal to par (the “Term Loan Purchase Price”).  Upon (1) payment to a Declining Term Lender of (x) the Term Loan Purchase Price with
          respect to its Term Loans so assigned, delegated and transferred pursuant to this paragraph (ii) (which shall be paid by Wells Fargo) and (y) accrued and unpaid interest and fees and other amounts owing under the Credit Agreement, in each case
          with respect to the Term Loans through but excluding the Amendment Effective Date (which shall be paid by the Company), and (2) the satisfaction of the applicable conditions set forth in Sections 2.19(b) and 10.6 of the Credit Agreement (but
          without the requirement of any further action on the part of such Declining Term Lender, the Company or the Administrative Agent), such Declining Term Lender shall cease to be a party to the Credit Agreement in its capacity as a Term Loan Lender
          and a Lender.

         

      

    

    
      
        (iii)  Subject to the terms and conditions set forth herein, on the Amendment Effective Date, (A) to the extent any Consenting Term Lender will be allocated an aggregate
          principal amount of the Term Loans as of the Amendment Effective Date that is more than the aggregate principal amount of the Term Loans of such Consenting Term Lender immediately prior to the Amendment Effective Date (as disclosed to such
          Consenting Term Lender by the Administrative Agent prior to the date hereof and reflected on Schedule II hereto), each such Consenting Term Lender agrees to assume from Wells Fargo, at a purchase price equal to par, the portion of such excess
          amount and (B) each New Term Lender, if any, set forth on Schedule II hereto agrees to assume from Wells Fargo, at a purchase price equal to par, Term Loans in an aggregate principal amount equal to the amount disclosed to such New Term Lender by
          the Administrative Agent prior to the date hereof and reflected on Schedule II hereto. 

        

        
          
            

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        (iv)  Each New Term Lender, if any, by delivering its signature page to this Amendment on the Amendment Effective Date and assuming Term Loans in accordance with Section
          2(b)(iii) hereof, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be approved by the Administrative Agent or any Lenders, as applicable, on the Amendment
          Effective Date.

         

      

    

    
      
        (v)  For purposes of clarity, all Term Loans outstanding immediately prior to the Amendment Effective Date shall continue to be outstanding as Term Loans under the Credit
          Agreement on and after the Amendment Effective Date, subject to the terms of the Credit Agreement.

         

      

    

    
      
        (vi)  The transactions described in this Section 2(b) will be deemed to satisfy the requirements of Sections 2.19(b) and 10.6 of the Credit Agreement in respect of the
          assignment of the Term Loans so assigned, delegated and transferred pursuant to Section 2(b)(ii) hereof, and this Amendment will be deemed to be an Assignment and Assumption with respect to such assignments.

         

      

    

    SECTION 3.  Amendments to the Credit
          Agreement.

     

    (a)  Section 1.1 of the Credit Agreement
        is hereby amended by adding the following definitions in the appropriate alphabetical order:

     

    “Beneficial Ownership Certification” shall mean
      a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

     

    “Beneficial Ownership Regulation” shall mean 31
      CFR § 1010.230.

     

    “Benefit Plan” shall mean 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 and subject to 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”.

     

    “BHC Act Affiliate” means, with respect to any
      Person, an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. § 1841(k)) of such Person.

     

    “Covered Entity” means (a) a “covered entity”
      as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a “covered FSI” as that term is defined in, and
      interpreted in accordance with, 12 C.F.R. § 382.2(b).

    
      
        

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    “Covered Party” has the meaning assigned to such
      term in Section 10.29.

     

    “Default Right” has the meaning assigned to such
      term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

     

    “First Amendment Effective Date” shall mean October 18, 2019.

     

    “PTE” shall mean a prohibited transaction class
      exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

     

    “QFC” has the meaning assigned to the term
      “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. § 5390(c)(8)(D).

     

    “QFC Credit Support” has the meaning assigned to
      such term in Section 10.29.

     

    “Supported QFC” has the meaning assigned to such
      term in Section 10.29.

     

    “U.S. Special Resolution Regimes” has the meaning
      assigned to such term in Section 10.29.

     

    (b)  Section 1.1 of the Credit Agreement
        is hereby amended by (i) inserting the text “(x)” immediately after the text “shall not include” in the definition of the term “Asset Sale” and (ii) inserting the text “or (y) the sale of accounts receivable permitted pursuant to Section
        6.4(b)(ix)” immediately after the text “$10,000,000” in such definition.

     

    (c)  Section 1.1 of the Credit Agreement
        is hereby amended by (i) deleting the definition of “Bank Product Provider Notice” and (ii) deleting the text “and such person executes and delivers to the Administrative Agent a Bank Product Provider Notice within thirty (30) days after entering
        into such Hedging Agreement or Treasury Services Agreement” in the definition of “Bank Product Provider”.

     

    (d)  Section 1.1 of the Credit Agreement
        is hereby amended by restating the definition of the term “ERISA” in its entirety to read as follows:

     

    “ERISA” shall mean the Employee Retirement
      Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.

     

    (e)  Section 1.1 of the Credit Agreement
        is hereby amended by (i) replacing each occurrence of the text “Total Leverage Ratio” in the definition of the term “Applicable Margin” with the text “Total Net Leverage Ratio”, (ii) replacing the reference to “Level VI” in the last paragraph of
        the definition of the term “Applicable Margin” with the text “Level IV”, (iii) deleting in its entirety the fourth sentence of the last paragraph of the definition of the term “Applicable Margin” and (iv) replacing the pricing grid in the
        definition of the term “Applicable Margin” with the following pricing grid:

    
      
        

      7

    

    	
            Level

          	
            Total Net Leverage Ratio

          	
            Eurocurrency Margin & LOC Fee

          	
            Base Rate Margin

          	
            Commitment Fee

          
	
            I

          	
            Less than or equal to 2.00 to 1.00

          	
            1.00%

          	
            0.00%

          	
            0.150%

          
	
            II

          	
            Greater than 2.00 to 1.00 but less than or equal to 2.50 to 1.00

          	
            1.25%

          	
            0.25%

          	
            0.175%

          
	
            III

          	
            Greater than 2.50 to 1.00 but less than or equal to 3.50 to 1.00

          	
            1.50%

          	
            0.50%

          	
            0.200%

          
	
            IV

          	
            Greater than 3.50 to 1.00

          	
            1.75%

          	
            0.75%

          	
            0.250%

          

     

    (f)  Section 1.1 of the Credit Agreement is hereby amended by
        restating clause (b)(v) of the definition of “Consolidated EBITDA” in its entirety to read as follows:

     

    (v) non-recurring cash expenses related to acquisitions and restructurings for such period not to exceed 10.0% of
      Consolidated EBITDA for such four (4) consecutive fiscal quarter period, and, with respect to restructurings (other than the Restructure), not to exceed $100,000,000 in the aggregate during the term of this Agreement (with respect to all such four
      (4) fiscal quarter periods ending after the Restatement Effective Date);

     

    (g)  Section 1.1 of the Credit Agreement
        is hereby amended by adding the following text after each occurrence of the text “two” in the definition of “Interest Period”:  “(other than in the case of EURIBOR Rate Loans)”.

     

    (h)  Section 1.1 of the Credit Agreement
        is hereby amended by replacing (i) the text “J.P. Morgan Europe Limited” in the definition of “Multicurrency Issuing Lender” with the text “J.P. Morgan AG” and (ii) the text “J.P. Morgan Securities plc” in the definition of “Multicurrency Swingline
        Lender” with the text “J.P. Morgan AG”.

     

    (i)  Section 1.1 of the Credit Agreement is hereby amended by
        adding the following new sentence at the end of the definition of the term “Off-Balance Sheet Obligation”:

    
      
        

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    For the avoidance of doubt, “Off-Balance Sheet Obligation” shall not include any lease (other than those described in the immediately
      preceding sentence) that would have constituted an operating lease under GAAP as in effect for and applied by the Company prior to January 1, 2019.

     

    (j)  Section 1.1 of the Credit Agreement
        is hereby amended by replacing the text “Restatement Effective Date” in the definition of the term “Maturity Date” with the text “First Amendment Effective Date”.

     

    (k)  Section 1.1 of the Credit Agreement
        is hereby amended by restating clause (d) of the definition of the term “Revaluation Date” in its entirety to read as follows:

     

    (d) the last Business Day of each calendar month (or, in solely in the case of LOC Obligations with respect to Letters of Credit
      denominated in a Foreign Currency, the first Business Day of each calendar month)

     

    (l)  Section 1.1 of the Credit Agreement
        is hereby amended by deleting the text “Sudan” in the definition of “Sanctioned Entity”.

     

    (m)  Section 1.1 of the Credit Agreement
        is hereby amended by restating the definition of “Sanctioned Person” in its entirety to read as follows:

     

    “Sanctioned Person” shall mean, at any time, (a) any Person listed in any Sanctions-related list of designated
      Persons maintained by OFAC, the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union member state, the Canadian government, Her Majesty’s Treasury or other relevant sanctions authority in any
      of the foregoing jurisdictions, (b) any Person located, operating, organized or resident in a country, region or territory which is itself the subject or target of any Sanctions or (c) any Person that is, or is owned or controlled by any such Person
      or Persons, described in the foregoing clauses (a) or (b) or by any such Person or Persons that is the subject or target of any Sanctions.

     

    (n)  Section 1.1 of the Credit Agreement
        is hereby amended by inserting the text “, the Canadian government” immediately after the text “the European Union” in the definition of “Sanctions”.

     

    (o)  Section 1.1 of the Credit Agreement
        is hereby amended by deleting the text “in an amount not to exceed $100,000,000” in the definition of each of the terms “Secured Net Leverage Ratio” and “Total Net Leverage Ratio”.

     

    (p)  Section 1.3 of the Credit Agreement
        is hereby amended by adding the following new paragraph (e):

     

    (e)  Leases.  Notwithstanding anything to the contrary in this Agreement or any other Credit Document, all terms of an accounting or financial nature used herein or therein shall be
        construed, and all computations of amounts and ratios referred to herein and therein shall be made, without giving effect to the Financial Accounting Standards Board Accounting Standards Codification 842 (or any other Accounting Standards
        Codification having a similar result or effect) (and related interpretations) to the extent any lease (or any similar arrangement conveying the right to use) would be required to be treated as a capital lease thereunder where such lease (or similar
        arrangement) would have been treated as an operating lease under GAAP as in effect immediately prior to the effectiveness of the Financing Accounting Standards Board Accounting Standards Codification 842 (or such other Accounting Standards
        Codification having a similar result or effect).

    
      
        

      9

    

    (q)  Article I of the Credit Agreement is hereby amended by
        adding the following new Sections 1.10 and 1.11 in appropriate numerical order:

     

    SECTION 1.10.  Divisions.  For all purposes
      under the Credit Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset,
      right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person and (b) if any new Person comes into existence, such new Person shall be deemed to have been
      organized and acquired on the first date of its existence by the holders of its Equity Interests at such time.

     

    SECTION 1.11. Interest Rates; LIBOR Notification.  The interest rate on Eurocurrency Loans is determined by reference to the LIBOR, which is derived from the
      London interbank offered rate.  The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market.  In July 2017, the U.K. Financial Conduct
      Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be
      available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurocurrency Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or
      alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.13(c) of this Agreement, such
      Section 2.13(c) provides a mechanism for determining an alternative rate of interest.  The Administrative Agent will notify and consult with the Company, pursuant to Section 2.13, in advance of any change to the reference rate upon which the interest
      rate on Eurocurrency Loans is based.  However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London
      interbank offered rate or other rates in the definition of “LIBOR” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including whether the composition or characteristics of any such alternative, successor or
      replacement reference rate, as it may or may not be adjusted pursuant to Section 2.13(c), will be similar to, or produce the same value or economic equivalence of, the LIBOR or have the same volume or liquidity as did the London interbank offered
      rate prior to its discontinuance or unavailability.

    
      
        

      10

    

    (r)  Section 2.2(b) of the Credit Agreement is hereby amended
        by replacing such Section in its entirety with the following text:

     

    (a) Repayment of Term Loans.  The principal
      amount of the Term Loans shall be repaid in Dollars in consecutive quarterly installments in the amounts and on the dates set forth below, commencing on September 30, 2019 (provided,
      however, if such payment date is not a Business Day, such payment shall be due on the preceding Business Day), unless accelerated sooner pursuant to Section 7.2:

    

    

    	
            DATE

          	 	
            SCHEDULED REPAYMENT

          	 
	 	 	 	 
	
            December 31, 2019

          	 	
            $

          	
            7,343,750.00

          	 
	 	 	 	 	 
	
            March 31, 2020

          	 	
            $

          	
            7,343,750.00

          	 
	
            June 30, 2020

          	 	
            $

          	
            7,343,750.00

          	 
	
            September 30, 2020

          	 	
            $

          	
            7,343,750.00

          	 
	
            December 31, 2020

          	 	
            $

          	
            7,343,750.00

          	 
	 	 	 	 	 
	
            March 31, 2021

          	 	
            $

          	
            7,343,750.00

          	 
	
            June 30, 2021

          	 	
            $

          	
            7,343,750.00

          	 
	
            September 30, 2021

          	 	
            $

          	
            7,343,750.00

          	 
	
            December 31, 2021

          	 	
            $

          	
            11,015,625.00

          	 
	 	 	 	 	 
	
            March 31, 2022

          	 	
            $

          	
            11,015,625.00

          	 
	
            June 30, 2022

          	 	
            $

          	
            11,015,625.00

          	 
	
            September 30, 2022

          	 	
            $

          	
            11,015,625.00

          	 
	
            December 31, 2022

          	 	
            $

          	
            11,015,625.00

          	 
	 	 	 	 	 
	
            March 31, 2023

          	 	
            $

          	
            11,015,625.00

          	 
	
            June 30, 2023

          	 	
            $

          	
            11,015,625.00

          	 
	
            September 30, 2023

          	 	
            $

          	
            11,015,625.00

          	 
	
            December 31, 2023

          	 	
            $

          	
            11,015,625.00

          	 
	 	 	 	 	 
	
            March 31, 2024

          	 	
            $

          	
            11,015,625.00

          	 
	
            June 30, 2024

          	 	
            $

          	
            11,015,625.00

          	 
	
            September 30, 2024

          	 	
            $

          	
            11,015,625.00

          	 
	 	 	 	 	 
	
            Maturity Date

          	 	
            $396,562,500.00, or the remaining outstanding amount of the Term Loans

          	 
	 	 	 	 
	The outstanding principal amount of the Term Loans and all accrued but unpaid interest and other amounts payable with respect to the Term Loans
            shall be repaid on the Maturity Date.	 

    
      
        

      11

    

    (s)  Section 3.27(a) of the Credit Agreement is hereby amended
        by replacing such Section in its entirety with the following text:

     

    (a)  None of the
        Credit Parties, their Subsidiaries or their respective directors, officers or employees and, to the best of the Credit Parties’ knowledge, none of their respective Affiliates or agents, is in violation of and shall not violate any Sanctions and
        each Credit Party has instituted and maintains policies and procedures designed to ensure compliance with applicable Sanctions.

     

    (t)  Section 5.2 of
        the Credit Agreement is hereby amended by adding the following new paragraph (g) in the appropriate alphabetical order:

     

    (g)  Beneficial Ownership Certification.  Any change in the information provided in any Beneficial Ownership Certification delivered to the Administrative Agent or any Lender that would
        result in a change to the list of beneficial owners identified in such certification.

     

    (u)  Section 5.10 of the Credit Agreement
        is hereby amended by adding the following sentence at the end thereof:

     

    Each Credit Party will maintain in effect policies and procedures designed to ensure compliance by its Subsidiaries and their respective
      directors, officers and employees and, to the best of such Credit Party’s knowledge, its Affiliates and agents, in each case with applicable Sanctions.

     

    (v)  Section 6.1 of the Credit Agreement
        is hereby amended by (i) replacing the text “$300,000,000” in clause (d) of such Section with the text “$500,000,000”, (ii) replacing the text “Restatement Effective Date” in each of clauses (f) and (g) of such Section with the text “First
        Amendment Effective Date” and (iii) adding the following text immediately after the text “$50,000,000” in clause (p) of such Section:

    
      
        

      12

    

    (for the avoidance of doubt, sales of accounts receivable to any third party that is not an Affiliate of the Company that do not give rise
      to, and that are not made in connection with the incurrence of, Indebtedness of the Company or any of its Subsidiaries are not restricted by this clause (p))

     

    (w)  Section 6.2 of the Credit Agreement
        is hereby amended by (i) replacing the text “Restatement Effective Date” in clause (i) of such Section with the text “First Amendment Effective Date” and (ii) inserting the following text immediately after the text “Section 6.1(p)” of clause (t) of
        such Section:

     

    or arising from the filing of a precautionary UCC financing statement in connection with the sale of accounts receivable that do not give
      rise to, and that are not made in connection with the incurrence of, Indebtedness of the Company or any of its Subsidiaries

     

    (x)  Section 6.4 of the Credit Agreement
        is hereby amended by (i) replacing the text “$75,000,000” in clause (b)(iv) of such Section with the text “$100,000,000”, (ii) replacing the text “Restatement Effective Date” in clause (b)(xii) of such Section with the text “First Amendment
        Effective Date” and (iii) inserting the text “since the First Amendment Effective Date” immediately after the text “Consolidated Net Assets in the aggregate” in clause (b)(xii) of such Section.

     

    (y)  Section 6.4 of the Credit Agreement
        is hereby amended by replacing clause (b)(ix) of such Section in its entirety with the following text:

     

    (ix) (A) sales, transfers or other dispositions of accounts receivable in connection with the collection or compromise
      thereof, (B) sales of accounts receivable to any third party that is not an Affiliate of the Company that do not give rise to, and that are not made in connection with, the incurrence by the Company or any of its Subsidiaries of Indebtedness and (C)
      sales of accounts receivable made prior to the First Amendment Effective Date pursuant to that certain Master Receivables Purchase Agreement dated June 27, 2019, between the Company and Bank of Montreal;

     

    (z)  Section 6.5 of the Credit Agreement
        is hereby amended by (i) replacing each occurrence of the text “Restatement Effective Date” in clauses (a), (e) and (k) of such Section with the text “First Amendment Effective Date”, (ii) inserting the text “and” immediately prior to subclause
        (A)(ii) of clause (m) of such Section and (iii) deleting subclause (A)(iii) of clause (m) of such Section in its entirety.

     

    (aa)  Section 6.10 of the Credit
        Agreement is hereby amended by inserting the text “(excluding Restricted Payments made to any Credit Party)” immediately after the text “such Restricted Payments” in subclause (iii) of clause (a) of such Section.

    
      
        

      13

    

    (bb)  Section 8.11 of the Credit Agreement is hereby amended
        by deleting the text “(including, without limitation, a Bank Product Provider Notice)” in such Section.

     

    (cc)  Article VIII of the Credit Agreement is hereby amended
        by adding the following new Section 8.12 in the appropriate numerical order:

     

    Section 8.12  Certain ERISA Matters

     

    (a)  Each Lender (x)
        represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the
        Administrative Agent and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Credit Party, that at least one of the following is and will be true:

     

    (i)  such Lender is
        not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit,
        the Commitments or this Agreement,

     

    (ii)  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,

     

    (iii)  (A) such
        Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) 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, (C) 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 sub-sections (b) through (g) of Part I of PTE 84-14 and (D) 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

    
      
        

      14

    

    (iv)  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 either (1) sub-clause (i) in the immediately preceding paragraph (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding
        paragraph (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender
        party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Credit Party, that the Administrative Agent is not a fiduciary with respect to the assets of such
        Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by
        the Administrative Agent under this Agreement, any Credit Document or any documents related hereto or thereto).

    

    

    (dd)  Section 10.1 of the Credit Agreement is hereby amended
        by deleting the text “that have previously provided a Bank Product Provider Notice to the Administrative Agent pursuant to the terms hereof” in clauses (iii), (iv), (x), (xii) and (xiii) of such Section.

     

    (ee)  Section 10.17 of the Credit Agreement is hereby amended
        and restated in its entirety as follows:

     

    Section 10.17 Patriot Act Notice; Beneficial Ownership Regulation.  Each Lender and the Administrative Agent (for itself and not on behalf of any other party) hereby notifies the Borrowers that, pursuant to the requirements of the Patriot Act and the Beneficial Ownership Regulation, it is
        required to obtain, verify and record information that identifies the Borrowers and the other Credit Parties, which information includes the name and address of the Borrowers and the other Credit Parties and other information that will allow such
        Lender or the Administrative Agent, as applicable, to identify the Borrowers and the other Credit Parties in accordance with the Patriot Act and the Beneficial Ownership Regulation.  The Borrowers shall (a) prior to the effective date of any
        Foreign Borrower Request and (b) otherwise promptly following a request by the Administrative Agent or any Lender, in each case provide all documentation and other information that the Administrative Agent or such Lender requests in order to comply
        with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation.

    
      
        

      15

    

    (ff)  Article X of the Credit Agreement is hereby amended by
        adding the following new Section 10.29 in the appropriate numerical order:

     

    Section 10.29  Acknowledgment Regarding Any Supported QFCs.  (a)  To the extent that the Credit Documents provide support, through a guarantee or
        otherwise, for Hedging Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the
        Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such
        Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Credit Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any
        other state of the United States).

     

    (b)  In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under
      such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special
      Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States.  In the event a Covered Party or a BHC Act
      Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Credit Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against
      such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Credit Documents were governed by the laws of the United States or
      a state of the United States.  Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a
      Supported QFC or any QFC Credit Support.

    
      
        

      16

    

    (gg)  Schedules 3.16, 6.2 and 6.5 to the Credit Agreement are
        hereby restated in their entirety to read as set forth on Schedules 3.16, 6.2 and 6.5 to this Amendment.

     

    (hh)  Exhibit E to the Credit Agreement is hereby deleted in
        its entirety, and the reference to Exhibit E in the table of contents to the credit agreement is hereby replaced with the text “[Reserved]”.

     

    (ii)  As of the Amendment Effective Date,
        (i) J.P. Morgan Europe Limited will cease to be a Multicurrency Issuing Lender, (ii) J.P. Morgan Securities LLC will cease to be a Multicurrency Swingline Lender and (iii) J.P. Morgan AG will become a Multicurrency Issuing Lender and a
        Multicurrency Swingline Lender.

     

    SECTION 4.  Representations and Warranties.  Each of the Credit Parties represents and warrants to the Administrative Agent and to each of the Lenders and Issuing Lenders that:

     

    (a)  The execution, delivery and
        performance by the Credit Parties of this Amendment, and the consummation of the transactions contemplated hereby, (i) are within each of the Credit Party’s company powers, (ii) require no consent or approval of (including any exchange control
        approval) or action by or in respect of, or registration or filing with, any Governmental Authority, agency or official, except such as have been obtained or made and are in full force and effect, (iii) do not contravene, or constitute a default
        under, any provision of applicable law, regulation or order of any Governmental Authority or the organizational documents of any Credit Party or of any judgment, injunction, order or decree binding upon any Credit Party, (iv) do not result in the
        creation or imposition of any Lien on any asset of a Credit Party except Liens in favor of the Administrative Agent and/or the Collateral Agent (for the benefit of the Secured Parties) and (v) will not violate or result in a default under any
        indenture, loan agreement or other material agreement or instrument binding upon any Credit Party or its assets, or give rise to a right thereunder to require any payment to be made by a Credit Party.

     

    (b)  This Amendment has been duly
        authorized, executed and delivered by it and each of this Amendment and the Credit Agreement, as amended hereby, constitutes its legal, valid and binding obligation, enforceable against such Credit 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.

     

    (c)  The representations
        and warranties made by the Credit Parties in the Credit Agreement and the other Credit Documents shall (i) with respect to representations and warranties that contain a materiality qualification or are qualified by Material Adverse Effect, be true
        and correct and (ii) with respect to representations and warranties that do not contain a materiality qualification and are not qualified by Material Adverse Effect, be true and correct in all material respects, in each case as of the Amendment
        Effective Date as if made on and as of such date, except for any representation or warranty made as of an earlier date, which representation and warranty shall (x) with respect to representations and warranties that contain a materiality
        qualification or are qualified by Material Adverse Effect, be true and correct as of such earlier date and (y) with respect to representations and warranties that do not contain a materiality qualification and are not qualified by Material Adverse
        Effect, be true and correct in all material respects as of such earlier date. 

    

    
      
        

      17

    

    (d)  At the time of and immediately after giving effect to
        this Amendment, no Default or Event of Default shall have occurred and be continuing on and as of the Amendment Effective Date.

     

    (e)  As of the Amendment Effective Date, to the best knowledge
        of each Credit Party, the information included in the Beneficial Ownership Certification provided on or prior to the Amendment Effective Date to the Administrative Agent or any Lender as set forth herein is true and correct in all respects.

     

    SECTION 5.  Effectiveness.  This Amendment shall become effective as of the date first above written (the “Amendment Effective Date”) when
        (a) the Administrative Agent shall have received counterparts of this Amendment that, when taken together, bear the signatures of (i) the Company and each other Credit Party party hereto, (ii) each Consenting Lender, (iii) each New Lender, (iv)
        each Issuing Lender and (v) Lenders comprising the Required Lenders immediately prior to the Amendment Effective Date, (b) each of the applicable conditions set forth in Sections 2.19(b) and 10.6 of the Credit Agreement shall have been satisfied,
        (c) each of the representations and warranties set forth in Section 4 hereof shall be true and correct, (d) the Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably
        request relating to the organization, existence and good standing of each Credit Party, the authorization of this Amendment and the transactions contemplated hereby and any other legal matters relating to the Credit Parties, the Credit Documents or
        the transactions contemplated hereby (including certified resolutions from the board of directors (or similar governing body) of each Credit Party authorizing the execution, delivery and performance of this Amendment), all in form and substance
        reasonably satisfactory to the Administrative Agent, (e) the Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent, the Issuing Lenders and the Lenders (including the Consenting Lenders and the
        New Lenders)) of Perkins Coie LLP, counsel for the Company, dated as of the Amendment Effective Date, (f) the Administrative Agent shall have received a certificate, dated as of the Amendment Effective Date, and signed by a Responsible Officer,
        confirming compliance with the conditions set forth in Sections 4.2(a) and 4.2(b) of the Credit Agreement, (g) the Administrative Agent and the Lenders (including the Consenting Lenders and the New 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 and the Beneficial Ownership Regulation, in each case to the extent
        requested in writing to the Company not later than five Business Days prior to the proposed Amendment Effective Date, including, without limitation, a Beneficial Ownership Certification with respect to each Credit Party that qualifies as a “legal
        entity customer” under the Beneficial Ownership Regulation, (h) the Administrative Agent shall have received payment of all fees and expenses required to be paid or reimbursed by the Company under or in connection with this Amendment, including
        those fees and expenses set forth in Section 10 hereof and (i) the Company shall have paid all unpaid interest and any other amounts (including any breakage costs) in respect of the Revolving Loans and Revolving Commitments of the Declining
        Revolving Lenders (to the extent required under Section 2(a)(ii) hereof) and in respect of the Term Loans of Declining Term Lenders (to the extent required under Section 2(b)(ii) hereof), in each case that have accrued to but excluding the
        Amendment Effective Date.

    
      
        

      18

    

    The Company shall use commercially reasonable efforts to provide to the Administrative Agent, on the Amendment Effective Date, a favorable
      written opinion (addressed to the Administrative Agent, the Issuing Lenders and the Lenders (including the Consenting Lenders and the New Lenders)) of Luxembourg counsel to the Company reasonably satisfactory to the Administrative Agent, dated as of
      the Amendment Effective Date; provided, however, that the failure to provide such a written opinion
      shall not result in a failure to satisfy the conditions precedent to the Amendment Effective Date.

     

    SECTION 6.  Reaffirmation.  Each of the Company and each other Credit Party hereby (a) reaffirms its obligations under the Credit Agreement and each other Credit Document to which it is a party, in each case as
        amended by this Amendment, (b) reaffirms all Liens on the Collateral which have been granted by it in favor of the Administrative Agent and/or the Collateral Agent (for the benefit of the Secured Parties) pursuant to the Credit Documents and (c)
        acknowledges and agrees that the grants of security interests by and the guarantees of the Credit Parties contained in the Security Agreement and the other Security Documents are, and shall remain, in full force and effect immediately after giving
        effect to this Amendment.

     

    SECTION 7.  Credit Agreement.  Except as expressly set forth herein, this Amendment (a) shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of
        the Lenders, the Issuing Lenders, the Administrative Agent or any Credit Party under the Credit Agreement or any other Credit Document and (b) 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 Credit 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 any Credit Party to any
        future consent to, or waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document in similar or different circumstances. 
        After the Amendment Effective Date, 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 Credit 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 hereby.  This Amendment shall constitute a “Credit Document” for all purposes of the
        Credit Agreement and the other Credit Documents.

    
      
        

      19

    

    SECTION 8.  Applicable Law; Waiver of Jury Trial.  (a)  THIS AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE
          ARISING OUT OF OR RELATING TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     

    (b)  EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTIONS 10.13 AND 10.16 OF THE CREDIT AGREEMENT (AS IN EFFECT ON THE DATE HEREOF) AS IF SUCH SECTIONS WERE SET FORTH IN FULL HEREIN.

     

    SECTION 9.  Counterparts; Amendment.  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 facsimile transmission or other electronic imaging shall be effective as delivery of an original executed counterpart
        of this Amendment.  This Amendment may not be amended nor may any provision hereof be waived except pursuant to a writing signed by the Credit Parties, the Administrative Agent, the Issuing Lenders and the Lenders party hereto.

     

    SECTION 10.  Fees and Expenses.

     

    (a)  The Company hereby agrees to pay to
        the Administrative Agent on the Amendment Effective Date, for the account of each applicable party, all fees separately agreed to by the Company and Wells Fargo (or any of its Affiliates) in respect of this Amendment.

     

    (b)  Notwithstanding anything herein to
        the contrary, with respect to the transactions contemplated by this Amendment, the Administrative Agent hereby agrees to waive payment of the processing and recordation fee of $3,500 to the extent such fee is required under Section 10.6(b)(iv) of
        the Credit Agreement.

     

    (c)  The Company agrees to reimburse the
        Administrative Agent for its reasonable out-of-pocket expenses in connection with this Amendment to the extent required under Section 10.5(a) of the Credit Agreement.

     

    SECTION 11.  Headings.  The Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in
        interpreting, this Amendment.

    

    

    [Signature Pages Follow]

    
      
        

    

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

    

    

    	 	
            ITRON, INC.

          
	 	 
	 	
            By          /S/ ROBERT FARROW

          
	 	 	 
	 	 	
            Name:      Robert Farrow

          
	 	 	
            Title:        VP of Treasury and Business Strategy

          

    

    	 	
            ITRON NETWORKED SOLUTIONS, INC.

          
	 	 
	 	
            By               /S/ ROBERT FARROW               

          
	 	 	 
	 	 	
            Name:      Robert Farrow

          
	 	 	
            Title:        Treasurer

          

    

    	 	
            ITRON METERING SOLUTIONS LUXEMBOURG

          
	 	 
	 	
            By               /S/ JOEL VACH

          
	 	 	 
	 	 	
            Name:      Joel Vach

          
	 	 	
            Title:        Manager

          

    

    	 	
            ITRON GLOBAL

          
	 	 
	 	
            By               /S/ ROBERT FARROW

          
	 	 	 
	 	 	
            Name:      Robert Farrow

          
	 	 	
            Title:        Manager

          

    

    

    
      [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

      
        
          

      

    

    	 	
            WELLS FARGO BANK, NATIONAL

            ASSOCIATION, as Administrative Agent, a 

            U.S. Issuing Lender, a Multicurrency

            Issuing Lender, a U.S. Swingline Lender

            and a Lender

          
	 	 
	 	
            By               /S/ JESSY HUMMEL

          
	 	 	 
	 	 	
            Name:      Jessy Hummel

          
	 	 	
            Title:        VP

              

          

    

    

    [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

    
      
        

    

    	 	
            JPMORGAN CHASE BANK, N.A., as a

            U.S. Issuing Lender, a Multicurrency

            Issuing Lender, a Multicurrency Swingline

            Lender and a Lender

          
	 	 
	 	
            By               /S/ LYNN M BRAUN

          
	 	 	 
	 	 	
            Name:      Lynn M Braun     

          
	 	 	
            Title:        Executive Director 

          

    

    	 	
             J.P. MORGAN EUROPE LIMITED, as a Multicurrency Issuing Lender

          
	 	 
	 	
            By               /S/ ALTAN KAYAALP

          
	 	 	 
	 	 	
            Name:      Altan Kayaalp

          
	 	 	
            Title:        Executive Director

          

    

    

    	 	
            J.P. MORGAN SECURITIES PLC, as a Multicurrency Swingline Lender

          
	 	 
	 	
            By               /S/ ALTAN KAYAALP

          
	 	 	 
	 	 	
            Name:      Altan Kayaalp

          
	 	 	
            Title:        Executive Director

          

    

    

    	 	
            J.P. MORGAN AG, as a Multicurrency Issuing Lender and a Multicurrency Swingline Lender

          
	 	 
	 	
            By               /S/ ANN KATHRYN REINWALD               

          
	 	 	                 /S/MICHEL REUTER
	 	 	
            Name:      Ann Kathryn Reinwald          Michel Reuter    

          
	 	 	
            Title:        Executive Director                 Vice President

            

          

    

    

    [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

    
      
        

    

    	 	
            BNP PARIBAS, as a Multicurrency Issuing Lender and a Lender

          
	 	 
	 	
            By               /S/ AADIL ZUBERI

          
	 	 	 
	 	 	
            Name:      Aadil Zuberi

          
	 	 	
            Title:        Vice President

          
	 	 	 
	 	 	 
	 	
            By               /S/ BILAL NIZAMI

          
	 	 	 
	 	 	
            Name:      Bilal Nizami

          
	 	 	
            Title:        Vice President

          

    

    

    [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

    
      
        

    

    	 	
            SILICON VALLEY BANK, as a U.S. Issuing Lender, a Multicurrency Issuing Lender and a Lender

          
	 	 
	 	
            By               /S/ JACKSON MORROW

          
	 	 	 
	 	 	
            Name:      Jackson Morrow

          
	 	 	
            Title:        Vice President

          

    

    

    [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

    
      
        

    

    	 	
            LENDERS

             

            SIGNATURE PAGE TO AMENDMENT NO. 1 

            TO THE SECOND AMENDED AND 

            RESTATED CREDIT AGREEMENT DATED AS 

            OF JANUARY 5, 2018, AMONG ITRON, INC., 

            

            THE FOREIGN BORROWERS AND

             GUARANTORS PARTY THERETO, THE 

            LENDERS AND ISSUING LENDERS PARTY 

            THERETO AND WELLS FARGO BANK, 

            NATIONAL ASSOCIATION, AS 

            ADMINISTRATIVE AGENT

          
	 	 
	 	 
	 	
            Name of Institution:

          
	 	 
	 	
            
              
                
                  
                    
                      BANK OF THE WEST

                    

                  

                

              

            

          
	 	

          
	 	 
	 	 
	 	
                    By              /S/ LENI PRECIADO

          
	 	 	

          
	 	 	Name:      Leni Preciado

          
	 	

          	Title:        Director Market Manager

          

    

    

    	 	For institutions that require a second signature:
	 	 
	 	
                       By

          
	 	 	 
	 	
                   

            

          	Name:
	 	
            

            

          	Title:

    

    

    Check all that apply:

    

    

    New Revolving Lender: _____

    

    

    Consenting Revolving Lender: _____

    

    

    New Term Lender: ____

    

    

    Consenting Term Lender: _____

    
      
        

    

    
      	

            	
              LENDERS

               

              SIGNATURE PAGE TO AMENDMENT NO. 1 

              TO THE SECOND AMENDED AND 

              RESTATED CREDIT AGREEMENT DATED AS 

              OF JANUARY 5, 2018, AMONG ITRON, INC., 

              

              THE FOREIGN BORROWERS AND

               GUARANTORS PARTY THERETO, THE 

              LENDERS AND ISSUING LENDERS PARTY 

              THERETO AND WELLS FARGO BANK, 

              NATIONAL ASSOCIATION, AS 

              ADMINISTRATIVE AGENT

            
	 	 
	 	 
	 	
              Name of Institution:

            
	 	 
	 	
              
                
                  
                    
                      
                        BMO Harris Bank N.A.

                        

                      

                    

                  

                

              

            
	 	 
	 	 
	 	 By	/s/ Josh Hovermale

            
	 	 	Name:     Josh Hovermale
	 	

            	Title:       Director

            

      

      

      

      

      Check all that apply:

      

      

      New Revolving Lender: _____

      

      

      Consenting Revolving Lender: __X___

      

      

      New Term Lender: ____

      

      

      Consenting Term Lender: __X___

      
        
          

      

      
        	

              	
                LENDERS

                 

                SIGNATURE PAGE TO AMENDMENT NO. 1 

                TO THE SECOND AMENDED AND 

                RESTATED CREDIT AGREEMENT DATED AS 

                OF JANUARY 5, 2018, AMONG ITRON, INC., 

                

                THE FOREIGN BORROWERS AND

                 GUARANTORS PARTY THERETO, THE 

                LENDERS AND ISSUING LENDERS PARTY 

                THERETO AND WELLS FARGO BANK, 

                NATIONAL ASSOCIATION, AS 

                ADMINISTRATIVE AGENT

              
	 	 
	 	 
	 	
                Name of Institution:

              
	 	 
	 	
                Citibank, N.A.

              
	 	 
	 	 
	 	 By	/s/ Hans Lin

              
	 	 	Name:  Hans Lin
	 	

              	Title:    Senior Vice President

              

        

        

        
          	 	For institutions that require a second signature:
	 	 
	 	
                             By

                
	 	 	 
	 	
                         

                  

                	Name:
	 	
                  

                  

                	Title:

        

        

        

        Check all that apply:

        

        

        New Revolving Lender: _____

        

        

        Consenting Revolving Lender: __X___

        

        

        New Term Lender: ____

        

        

        Consenting Term Lender: __X___

         

        

         

        

        
          [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

          
            
              

          

          
            	

                  	
                    LENDERS

                     

                    SIGNATURE PAGE TO AMENDMENT NO. 1 

                    TO THE SECOND AMENDED AND 

                    RESTATED CREDIT AGREEMENT DATED AS 

                    OF JANUARY 5, 2018, AMONG ITRON, INC., 

                    

                    THE FOREIGN BORROWERS AND

                     GUARANTORS PARTY THERETO, THE 

                    LENDERS AND ISSUING LENDERS PARTY 

                    THERETO AND WELLS FARGO BANK, 

                    NATIONAL ASSOCIATION, AS 

                    ADMINISTRATIVE AGENT

                  
	 	 
	 	 
	 	
                    Name of Institution:

                  
	 	 
	 	CITIZENS BANK, N.A

                  
	 	 
	 	 
	 	 By	/s/ A. Paul Dawley

                  
	 	 	Name:  A. Paul Dawley
	 	

                  	Title:    Senior Vice President

                  

            

            

             

            

            

            Check all that apply:

            

            

            New Revolving Lender: _____

            

            

            Consenting Revolving Lender: __X___

            

            

            New Term Lender: ____

            

            

            Consenting Term Lender: __X___

             

            

             

            

            
              [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

              
                
                  

              

              
                	

                      	
                        LENDERS

                         

                        SIGNATURE PAGE TO AMENDMENT NO. 1 

                        TO THE SECOND AMENDED AND 

                        RESTATED CREDIT AGREEMENT DATED AS 

                        OF JANUARY 5, 2018, AMONG ITRON, INC., 

                        

                        THE FOREIGN BORROWERS AND

                         GUARANTORS PARTY THERETO, THE 

                        LENDERS AND ISSUING LENDERS PARTY 

                        THERETO AND WELLS FARGO BANK, 

                        NATIONAL ASSOCIATION, AS 

                        ADMINISTRATIVE AGENT

                      
	 	 
	 	 
	 	
                        Name of Institution:

                      
	 	 
	 	
                        Fifth Third Bank

                        

                      
	 	 
	 	 
	 	 By	/s/ Shane Johnson

                      
	 	 	Name:  Shane Johnson
	 	

                      	Title:    Director

                      

                

                

                
                  	 	For institutions that require a second signature:
	 	 
	 	
                                     By

                        
	 	 	 
	 	
                                 

                          

                        	Name:
	 	
                          

                          

                        	Title:

                

                

                

                Check all that apply:

                

                

                New Revolving Lender: _____

                

                

                Consenting Revolving Lender: __X___

                

                

                New Term Lender: ____

                

                

                Consenting Term Lender: __X___

                 

                

                 

                

                
                  [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

                  
                    
                      

                  

                  
                    	

                          	
                            LENDERS

                             

                            SIGNATURE PAGE TO AMENDMENT NO. 1 

                            TO THE SECOND AMENDED AND 

                            RESTATED CREDIT AGREEMENT DATED AS 

                            OF JANUARY 5, 2018, AMONG ITRON, INC., 

                            

                            THE FOREIGN BORROWERS AND

                             GUARANTORS PARTY THERETO, THE 

                            LENDERS AND ISSUING LENDERS PARTY 

                            THERETO AND WELLS FARGO BANK, 

                            NATIONAL ASSOCIATION, AS 

                            ADMINISTRATIVE AGENT

                          
	 	 
	 	 
	 	
                            Name of Institution:

                          
	 	 
	 	
                            HSBC BANK USA, NATIONAL ASSOCIATION

                            

                          
	 	 
	 	 
	 	 By	/s/ Mire Levy

                          
	 	 	Name:  Mire Levy
	 	

                          	Title:    Vice President

                          

                    

                    

                    
                      	 	For institutions that require a second signature:
	 	 
	 	
                                         By

                            
	 	 	 
	 	
                                     

                              

                            	Name:
	 	
                              

                              

                            	Title:

                    

                    

                    

                    Check all that apply:

                    

                    

                    New Revolving Lender: _____

                    

                    

                    Consenting Revolving Lender: __X___

                    

                    

                    New Term Lender: ____

                    

                    

                    Consenting Term Lender: __X___

                     

                    

                     

                    

                    
                      [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

                      
                        
                          

                      

                      
                        	

                              	
                                LENDERS

                                 

                                SIGNATURE PAGE TO AMENDMENT NO. 1 

                                TO THE SECOND AMENDED AND 

                                RESTATED CREDIT AGREEMENT DATED AS 

                                OF JANUARY 5, 2018, AMONG ITRON, INC., 

                                

                                THE FOREIGN BORROWERS AND

                                 GUARANTORS PARTY THERETO, THE 

                                LENDERS AND ISSUING LENDERS PARTY 

                                THERETO AND WELLS FARGO BANK, 

                                NATIONAL ASSOCIATION, AS 

                                ADMINISTRATIVE AGENT

                              
	 	 
	 	 
	 	
                                Name of Institution:

                              
	 	 
	 	
                                ING Bank N.V., Dublin Branch

                                

                              
	 	 
	 	 
	 	 By	/s/ Padraig Matthews

                              
	 	 	Name:  Padraig Matthews
	 	

                              	Title:    Director

                              

                        

                        

                        
                          	 	For institutions that require a second signature:
	 	 
	 	
                                     By

                                  

                                
	 	 	 /s/ Rosemary Healy

                                
	 	
                                         

                                  

                                	Name:    Rosemary Healy
	 	
                                  

                                  

                                	Title:      Vice President

                                

                        

                        

                        

                        Check all that apply:

                        

                        

                        New Revolving Lender: _____

                        

                        

                        Consenting Revolving Lender: __X___

                        

                        

                        New Term Lender: ____

                        

                        

                        Consenting Term Lender: _____

                         

                        

                         

                        

                        
                          [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

                          
                            
                              

                          

                          
                            	

                                  	
                                    LENDERS

                                     

                                    SIGNATURE PAGE TO AMENDMENT NO. 1 

                                    TO THE SECOND AMENDED AND 

                                    RESTATED CREDIT AGREEMENT DATED AS 

                                    OF JANUARY 5, 2018, AMONG ITRON, INC., 

                                    

                                    THE FOREIGN BORROWERS AND

                                     GUARANTORS PARTY THERETO, THE 

                                    LENDERS AND ISSUING LENDERS PARTY 

                                    THERETO AND WELLS FARGO BANK, 

                                    NATIONAL ASSOCIATION, AS 

                                    ADMINISTRATIVE AGENT

                                  
	 	 
	 	 
	 	
                                    Name of Institution:

                                  
	 	 
	 	
                                    ING Bank a Branch of ING-DiBa AG

                                    

                                  
	 	 
	 	 
	 	 By	/s/ Nikola Kopp

                                  
	 	 	Name:  Nikola Kopp
	 	

                                  	Title:    Director

                                  

                            

                            

                            
                              	 	For institutions that require a second signature:
	 	 
	 	
                                         By

                                      

                                    
	 	 	 /s/ Ingo Steen

                                    
	 	
                                             

                                      

                                    	Name:    Ingo Steen
	 	
                                      

                                      

                                    	Title:      Vice-President

                                    

                            

                            

                            

                            Check all that apply:

                            

                            

                            New Revolving Lender: _____

                            

                            

                            Consenting Revolving Lender: _____

                            

                            

                            New Term Lender: ____

                            

                            

                            Consenting Term Lender: __X___

                             

                            

                             

                            

                            
                              [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

                              
                                
                                  

                              

                              
                                	

                                      	
                                        LENDERS

                                         

                                        SIGNATURE PAGE TO AMENDMENT NO. 1 

                                        TO THE SECOND AMENDED AND 

                                        RESTATED CREDIT AGREEMENT DATED AS 

                                        OF JANUARY 5, 2018, AMONG ITRON, INC., 

                                        

                                        THE FOREIGN BORROWERS AND

                                         GUARANTORS PARTY THERETO, THE 

                                        LENDERS AND ISSUING LENDERS PARTY 

                                        THERETO AND WELLS FARGO BANK, 

                                        NATIONAL ASSOCIATION, AS 

                                        ADMINISTRATIVE AGENT

                                      
	 	 
	 	 
	 	
                                        Name of Institution:

                                      
	 	 
	 	
                                        KEYBANK NATIONAL ASSOCIATION

                                        

                                      
	 	 
	 	 
	 	 By	/s/ TAD L. STAINBROOK

                                      
	 	 	Name:  Tad L. Stainbrook 

                                      
	 	

                                      	Title:    Vice President

                                      

                                

                                

                                
                                  	 	For institutions that require a second signature:
	 	 
	 	
                                           By        

                                          

                                        
	 	 	 
	 	
                                                 

                                          

                                        	Name:
	 	
                                          

                                          

                                        	Title:

                                

                                

                                

                                Check all that apply:

                                

                                

                                New Revolving Lender: _____

                                

                                

                                Consenting Revolving Lender: __X___

                                

                                

                                New Term Lender: ____

                                

                                

                                Consenting Term Lender: __X___

                                 

                                

                                 

                                

                                
                                  [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

                                  
                                    
                                      

                                  

                                  
                                    	

                                          	
                                            LENDERS

                                             

                                            SIGNATURE PAGE TO AMENDMENT NO. 1 

                                            TO THE SECOND AMENDED AND 

                                            RESTATED CREDIT AGREEMENT DATED AS 

                                            OF JANUARY 5, 2018, AMONG ITRON, INC., 

                                            

                                            THE FOREIGN BORROWERS AND

                                             GUARANTORS PARTY THERETO, THE 

                                            LENDERS AND ISSUING LENDERS PARTY 

                                            THERETO AND WELLS FARGO BANK, 

                                            NATIONAL ASSOCIATION, AS 

                                            ADMINISTRATIVE AGENT

                                          
	 	 
	 	 
	 	
                                            Name of Institution: MUFG Union Bank, N.A.

                                            

                                          
	 	 
	 	 
	 	 
	 	 By	/s/ Meng Zhang
	 	 	Name:  Meng Zhang

                                          
	 	

                                          	Title:    Vice President

                                          

                                    

                                    

                                    
                                      	 	For institutions that require a second signature:
	 	 
	 	
                                               By        

                                              

                                            
	 	 	 
	 	
                                                     

                                              

                                            	Name:
	 	
                                              

                                              

                                            	Title:

                                    

                                    

                                    

                                    Check all that apply:

                                     
                                    

                                       

                                     
                                    New Revolving Lender: _____

                                     
                                    

                                       

                                     
                                    Consenting Revolving Lender: __X___

                                     
                                    

                                       

                                     
                                    New Term Lender: ____

                                     
                                    

                                       

                                     
                                    Consenting Term Lender: __X___

                                     

                                    

                                     

                                    

                                    
                                      [Amendment No. 1 to Second Amended and Restated Credit Agreement Signature Page]

                                      
                                        
                                          

                                      

                                      
                                        	

                                              	
                                                LENDERS

                                                 

                                                SIGNATURE PAGE TO AMENDMENT NO. 1 

                                                TO THE SECOND AMENDED AND 

                                                RESTATED CREDIT AGREEMENT DATED AS 

                                                OF JANUARY 5, 2018, AMONG ITRON, INC., 

                                                

                                                THE FOREIGN BORROWERS AND

                                                 GUARANTORS PARTY THERETO, THE 

                                                LENDERS AND ISSUING LENDERS PARTY 

                                                THERETO AND WELLS FARGO BANK, 

                                                NATIONAL ASSOCIATION, AS 

                                                ADMINISTRATIVE AGENT

                                              
	 	 
	 	 
	 	
                                                Name of Institution:

                                              
	 	 
	 	
                                                PNC BANK, NATIONAL ASSOCIATION

                                                

                                              
	 	 
	 	 
	 	 By	/s/ Jennifer L. Shafer
	 	 	Name:  Jennifer L. Shafer

                                              
	 	

                                              	Title:    Vice President

                                              

                                        

                                        

                                        
                                          	 	For institutions that require a second signature:
	 	 
	 	
                                                             By

                                                
	 	 	 
	 	
                                                         

                                                  

                                                	Name:
	 	
                                                  

                                                  

                                                	Title:

                                        

                                        

                                        

                                        Check all
                                              that apply:

                                         
                                        

                                           

                                         
                                        New Revolving Lender: _____

                                         
                                        

                                           

                                         
                                        Consenting Revolving Lender: __X___

                                         
                                        

                                           

                                         
                                        New Term Lender: ____

                                         
                                        

                                           

                                         
                                        Consenting Term Lender: __X___

                                         

                                        

                                         

                                        

                                        
                                          [Amendment No. 1 to Second Amended and Restated Credit Agreement
                                            Signature Page]

                                          
                                            
                                              

                                          

                                          
                                            	

                                                  	
                                                    LENDERS

                                                     

                                                    SIGNATURE PAGE TO AMENDMENT NO. 1 

                                                    TO THE SECOND AMENDED AND 

                                                    RESTATED CREDIT AGREEMENT DATED AS 

                                                    OF JANUARY 5, 2018, AMONG ITRON, INC., 

                                                    

                                                    THE FOREIGN BORROWERS AND

                                                     GUARANTORS PARTY THERETO, THE 

                                                    LENDERS AND ISSUING LENDERS PARTY 

                                                    THERETO AND WELLS FARGO BANK, 

                                                    NATIONAL ASSOCIATION, AS 

                                                    ADMINISTRATIVE AGENT

                                                  
	 	 
	 	 
	 	
                                                    Name of Institution:

                                                  
	 	 
	 	
                                                    TD Bank, N.A.

                                                    

                                                  
	 	 
	 	 
	 	 By	/s/ Matthew Waszmer
	 	 	Name:  Matthew Waszmer

                                                  
	 	

                                                  	Title:    Senior Vice President

                                                  

                                            

                                            

                                             

                                            

                                            

                                             

                                                

                                             

                                                

                                             

                                                

                                            Check all
                                                  that apply:

                                             
                                            

                                               

                                             
                                            New Revolving Lender: _____

                                             
                                            

                                               

                                             
                                            Consenting Revolving Lender: __X___

                                             
                                            

                                               

                                             
                                            New Term Lender: ____

                                             
                                            

                                               

                                             
                                            Consenting Term Lender: _____

                                             

                                            

                                             

                                            

                                            
                                              [Amendment No. 1 to Second Amended and Restated Credit Agreement
                                                Signature Page]

                                              
                                                
                                                  

                                              

                                              
                                                	

                                                      	
                                                        LENDERS

                                                         

                                                        SIGNATURE PAGE TO AMENDMENT NO. 1 

                                                        TO THE SECOND AMENDED AND 

                                                        RESTATED CREDIT AGREEMENT DATED AS 

                                                        OF JANUARY 5, 2018, AMONG ITRON, INC., 

                                                        

                                                        THE FOREIGN BORROWERS AND

                                                         GUARANTORS PARTY THERETO, THE 

                                                        LENDERS AND ISSUING LENDERS PARTY 

                                                        THERETO AND WELLS FARGO BANK, 

                                                        NATIONAL ASSOCIATION, AS 

                                                        ADMINISTRATIVE AGENT

                                                      
	 	 
	 	 
	 	
                                                        Name of Institution:

                                                      
	 	 
	 	
                                                        TD Bank, N.A. as Servicing Agent for TD Bank

                                                        

                                                      
	 	 USA, N.A.

                                                      
	 	 
	 	 
	 	 
	 	 By	/s/ Matthew Waszmer
	 	 	Name:  Matthew Waszmer

                                                      
	 	

                                                      	Title:    Senior Vice President

                                                      

                                                

                                                

                                                 

                                                

                                                

                                                 

                                                    

                                                 

                                                    

                                                 

                                                    

                                                Check
                                                      all that apply:

                                                 
                                                

                                                   

                                                 
                                                New Revolving Lender: _____

                                                 
                                                

                                                   

                                                 
                                                Consenting Revolving Lender: _____

                                                 
                                                

                                                   

                                                 
                                                New Term Lender: ____

                                                 
                                                

                                                   

                                                 
                                                Consenting Term Lender: __X___

                                                 

                                                

                                                 

                                                

                                                
                                                  [Amendment No. 1 to Second Amended and Restated Credit
                                                    Agreement Signature Page]

                                                  
                                                    
                                                      

                                                  

                                                  
                                                    	

                                                          	
                                                            LENDERS

                                                             

                                                            SIGNATURE PAGE TO AMENDMENT NO. 1 

                                                            TO THE SECOND AMENDED AND 

                                                            RESTATED CREDIT AGREEMENT DATED AS 

                                                            OF JANUARY 5, 2018, AMONG ITRON, INC., 

                                                            

                                                            THE FOREIGN BORROWERS AND

                                                             GUARANTORS PARTY THERETO, THE 

                                                            LENDERS AND ISSUING LENDERS PARTY 

                                                            THERETO AND WELLS FARGO BANK, 

                                                            NATIONAL ASSOCIATION, AS 

                                                            ADMINISTRATIVE AGENT

                                                          
	 	 
	 	 
	 	
                                                            Name of Institution:

                                                          
	 	 
	 	
                                                            U.S. Bank National Association

                                                            

                                                          
	 	 
	 	 
	 	 By	/s/ Kurban H. Merchant
	 	 	Name:  Kurban H. Merchant

                                                          
	 	

                                                          	Title:    Vice President

                                                          

                                                    

                                                    

                                                    
                                                      	 	For institutions that require a second signature:
	 	 
	 	
                                                               By

                                                            
	 	 	 
	 	
                                                                     

                                                              

                                                            	Name:
	 	
                                                              

                                                              

                                                            	Title:

                                                    

                                                    

                                                    

                                                    Check
                                                          all that apply:

                                                     
                                                    

                                                       

                                                     
                                                    New Revolving Lender: _____

                                                     
                                                    

                                                       

                                                     
                                                    Consenting Revolving Lender: __X___

                                                     
                                                    

                                                       

                                                     
                                                    New Term Lender: ____

                                                     
                                                    

                                                       

                                                     
                                                    Consenting Term Lender: __X___

                                                     

                                                    

                                                     

                                                    

                                                    
                                                      [Amendment No. 1 to Second Amended and Restated Credit
                                                        Agreement Signature Page]

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