Document:

Exhibit 4.9

 

ZIMBABWE MINING  LEASE  TITLE Pruned by Piinlflow (l'iwate) Luwted

    	 

    	 

    

MINING  AFFAIRS  BOARD   HARARE Date  of  Is sue ... 2 ....... 4 .. ' ...... r . < ... \ .. v . - .. \ .. " . j ... ... 1 ... . . . ... 0 ...... \ .... . ............. ZIMBABWE - . MINING  LEASE TITLE Registered  No..... .. ............ THIS  rs  TO  CERTIFY  ;H.AT,  under  and  subject to  the  provisions  of  Part  VIII  of  the  Mines  and   Minerals Act [Chapter 21:05], a Mining Lease has this day been issued in the name of - .. P ..           .. h:     .     .     . h)            . 1⁄2: .  .... !'0 . \ .  F. ...   .. \ .:1 ..  . .  . J.. \ . ? : - :    . .. ,;J. ...  .  .. ... Particulars  whereof  are as  slited hereunder: Mining District .. .  .'.>.. P. . .. i.; . - 6 . 0.  ..   ..   .....   . .r:? ..     ..  . Y:::': .................................... Principal mineral  to  be mined ... . ......... .. ?. . .1:: - :: . .......... , ..... : ................. . .. . ...... . .................. . .. Othe r minerals t o be mine d ...... . ? . . . .b - . .?. . .. . .1 . ••• 5 : . .9. . .  . . .  ··· · · ·   · ·  ·· ·   · · ··· · ·· · ................... .. ... . ............... . .......  A  . l2.. . 't)  .  C ·  " · '  ' .. 'C. - ..... . ............... . .............................. .  ......  ..  .. . Area  of  lease  in  hectares  ........ L .  . ...... \ .  .  b.  .. S?. .. : ... .9. . .9 .. ...... . ....... . ........ . ...... . h . e . ctares . - A ,..,_ 'v - .J J!,. , - .1 ' ƒ :'.l (Stated  in words . . . . 9. .. 5 . r.: . 9..    . 1?. .        d .        ..    ... 9. ;,;. ... 't:'! . Y. . . . - ;,    ........)  hec tare s Special  Conditions ........................................ . .................... . ............... . ........... .... ........ ... ............. ··········································· N ···· ' ···· " · L ·· - ········································································· ······· Description  of  Area  .. A . t:I ..... A.r.:... .. t3 .....  .  .:? ..  .:0 .. .i.,. . ..... .9..  ! ... . b  . 0. .  .  .  . ' 1 . : - l . 1⁄2 . .'  .  ..  '.'.  . :': - . \ ' - : - :.Y::l. . ?.  .. , .... ;?... . ..  ... ,  .. . . - e,i  ...  ..  . . "/3 - :.. ..... 9. . f. ...... . .... . . W i;. . !: - : 1 . . h - : . ! ? . . . 'f. : .. . . f ' b b . . 9 . . Y - .' , ...... . . d. .   ..... :: - ; . . : - 0 . . . 4 - .. . . . C'!: . ........ .. ..... Registered Mining locations incorporated ......... . .......... ..... ...................................................... . .... . ..........  . 0 .. ... ..... ?.  ..  . .... . .   . :':i : . . . . . \ . . . · ··· · · · · ··  · ·  b ·   . ?. . . ... Registered  Mining Locations  (  Precious  Metal)  for  which  Extra  Lateral  Rights preserved: N ( A I P ' ,,: :;;  :.:.J r lq C l,.,. - ························· · ·························· · ··························· · ······ · ······· · · · ················· o• ··· r 4

    	 

    	 

    

Additions  to  Mining  Lease Area Date  of addition...................................................... Additional  area,  in hectares......... . ......................... . Description  of  additional  area ........................................................................ . ....... . ..................... . Registered  Mining  Locations  included  in  additional  area ... . .. . . . ................................................... Registered  Mining  Locations  (PM.)  in  additional  area  for  which  Extra  Lateral  Rights  are   preserved .. . ............... . ............... . ..... . .. . ........ . ......................................... . ........................................ Signed   ......................................................... . ...... . .. Chairman,  Mining  Affairs Board D  te  of addition ................ ................ ..................... . Additional  area,  in hectares . . ............ . .......... . .......... Description  of  additional  area ...................................................................................................... . ············ · ·i,············································································································· Registered  Mining  Locations  included  in  additional  area ... . ......... . ................... . .................. . ...... . Registered  Mining  Locations  (PM.)  in  Mditioual  area for  which  Extra  Lateral  Rights  are   pre serve d ..... . ............................................................................................................................. ... . Signed ......... . ............... . ..................................... . .. . Chairman,  Mining  Affairs Board Date  of addition..... . .. . ............... . ..... . ..... . ................. Additional  area,  in hectare s ................................... . De sc ription  of additional  area ................................ . ........................................ . ............................ Regi s tered  Mining Locations  included  in additional  area  ............................................................ Registered  Mining  Locations  (PM.)  in  additional  area for  which  Extra  Lateral  Rights  are   preserved ............................................................ . ...................................................... . ................... Signed  ......................  . ... . . . . . ................................... . · Chairman,  Mining  Affairs Board Date of addition......................... . ............................ Additional  area,  in hectares.................................... Description of additional  area .... ......... ...... .............................. ..................................................... Registered   Mining  Locations  included in  additional area .............................. . ....................... .. .... Registered  Mining  Locations  (PM.)  in  additional  area for which  Extra  Lateral  Rights are   preserved  ........................................  . ........ . .................................................................................... . Signed ....... . ...................................... . .................... Chairman,  Minim! Affairs Board

    	 

    	 

    

Abandonments  of  Area  of  Mining Lease Area  abandoned,  in  hectares ..... . ......... . ..................... .... ................................................... . ............ Description  of  area abandoned.................................................................................... . ................. Registered   Mining   Locations   (P.M.)   situated   in   area  abandoned  for  which   Extra  Lateral Rights  were  preserved... . ................................ . ...... . ...................................................................... . Date of  abandonment  posted by  Mining Commissioner................ .. ..................................... . ...... Signed   . ....................................................... . .......... Chairman,  Mining Affairs Board Area abandoned, in hectares . ........ . .............................................................................................. . Description  of  area abandoned....................... . ............................................. ................................ . ,. Registered   Mining   Locations   (P.M.)   siniated   in   area   abandoned  for    which   Extra Lateral Rights  were preserved.......................................................... . . . ..... . ..... .. ... . .... . ............. . ..... .. .. . . . ...... Date  of  abandonment  posted  by  Mining Commissioner .............................................................. . Signed ................................................................... Chairman,  Mining Affairs Board Area abandoned,  in  hectares .......................................................................................... . . . ....... . .... Description  of   area abandoned ............................... .... . ................................ . ..... . ... .. ...................... Registered  Mining  Locations  (P.M.)  situated  in  area  abandoned for which  Extra  Lateral   Rights  were preserved ................................. .. .................................... ............................... ............ . l Date of  abandonment posted   by  Mining Commissioner. ............................................................. . Signed .................................................................. . Chairman,  Mining  Affairs Board Area  abandoned,  in  hectares ............................... . ..................................... . ................................... Description   of  area abandoned............... . ...................................................................................... Registered  Mining  Location s  (P.M.)  s iniatcd  in  area abandoned  for  which  Extra  Lateral  Rights   were  preserved  ................................................................................................................. . ........... . Date  of  abandonment  posted by  Mining Commissioner................ . ....................................... . ..... Signed .................................................................. . Chairman,  Mining Affairs Board

    	 

    	 

    

Date of Approval   by Board Date  of  Registration   of  Transfer  by Mining   Commissioner Transferee Signature  of   Mining   Commis s ion e r Optionffribute   No. Date of Registration Period Remarks Hypotheeation No. Holder Signatu r e of  secretary   for Mines SCHEDULE "C" OPTIONS/REGISTERED TRIBUTES HYPOTHECATIONS MISCELLANEOUS REMARKS

    	 

    	 

    

.. - General  Notice  1073  of 2018. MINES AND  MINERALS  ACT  [CHAPTER 21:05] Applicatiou  for Miuiug Lease : Blanket Mine   Matabeleland  South Mining District IT is hereby notified, in te 1 ms of section 138 (a) of the Mines and Minera l s Act [Chapter 21 : 05 ], that Blanket Mine ( 1983 ) (Piivate) Limited has applied for a mining lease, Map Reference 2028 DD 1 of scale 1 : 50 000 , published by the Smveyor - General, for an area described in the Schedule below . Toe area to which the application relates is more clear l y shown on a plan lodged with the Mining Commissioner, Matabeleland South D i stiict, and by the beacons erected on the ground . Toe principal minerals to be mined are gold . silver . copper and arsenic . Any person wishing to object to the issue of the mining lease should do so . in 1 N 1 iting, stating reasons for objection to the Mining Commissioner, Ministry of Mines and Mining Development Head Office (P . O . Box 7709 , Causeway), Harare, within a pe 1 iod of 30 days from the dateof publication of this notice . in the Gazette . O.M.MOYO. 21 - 12 - 2018 Acting  Mining Commissioner. SCHEDULE DESCRIPTION OF AREA An area of approxiniately 2 , 120 . 000 hectares in extent . situated in the Bulawayo Mining Distiict, bounded by a line commencing ata point(g 1 idrefereucePG 959964 )which is situatedatadistance ofapproximately 3 . 041 kilometreson a bemingof 350 ƒ 32 'from a Tiig . beacon 1053 /S (grid reference PG 964934 ) ; thence ona tiue bea . iing of approximately 69 ƒ 46 ' for an approximate distance of 2 . 025 kilometres to appoint (gdd reference PG 97897 l) ; thence on a tnte bearing of approximately 153 ƒ 56 'for an approximate distanceof 5 . l 00 kilometres to int(gridreferenceQG 000926 ) ; thence on a ti·ue bearing of approximately 133 " 00 ' for an

    	 

    	 

    

Registered  claim name Registered n u mber Li.ma l 35753 Lima2 35754 Lima 3 35755 Lima  4 - 35756 Lima5 35757 Lima6 35758 Lima 7 35759 Lima8 35760 Li.ma9 35761 Lima 10 35762 Lima 11 35763 Lima 12 35764 Lima 13 35765 Lima 14 35766 Lima 15 35767 Lima 16 35768 Lima 17 36066 Lima 18 36067 Lima 19 36068 Lima 20 36069 Lima 21 36070 Lima22 36071 Lima 23 36072 Lima24 36073 Li.ma25 36074 Registered  claim name Registered number Lima26 36075 Lima.27 36076 Lima28 36077 Lima29 36078 Lima 30 36079 Lima 31 36080 Lima32 36081 Lima33 36082 L i ma 34 36083 Lima35 36084 L i ma 36 36085 Lima 37 36086 Lima 38 36087 Lima 39 36088 Lima40 36089 Lima41 36090 Lima42 36091 Lima43 36092 Lima44 36093 Lima45 36094 Lima46 36095 Lima47 36096 Lima48 36097 Lima49 36098 Lima50 36099 Lima 51 36 1 00 Lima52 36101 l..ima 53 36102 Lima54 36103 Lima.55 36104 Lima56 36105 Lima57 36106 Lima58 36107 Lima59 36108 Lima60 36109 Lima 61 36110 Lima62 36111 Lima 63 36112 Lima64 36113 Lima65 36114 Lima66 36115 Lima67 36116 Lima68 36117 Lima 'H' 1092B.M. Li.ma'I' 34052 Lima T 34053 Lima 'K' 34054 Lima ·L' 34055 Lima ·M' 34056 Lima · N' 34057 Lima 'O' 34058 Lima 'P' 34059 Lima'Q' 34060 Lima 'R' 34061 Lima'S' 34062 Lima'T' 34063 Lima 'U' 34064 Li.ma  ·V ' 43065 Lima 'W' 34066 Lima 'X' 34 067 approximatedistanceof  l  .550kilometresto appoint(g1id  reference   QG012916);  thence  on  a  beaiing  of  approximately  223 ƒ 00  '  for   an  approximate  distance  of  0.800  kilometres  to  appoint  (grid   reference  QG006910);  thence  on  a  bearing  of  approximately   313 ƒ 20'  for  an  approximate  distance of  0.340  kilometres  to   appoint  (giid  reference  QG004912 ) ;  thence  on a  u·ue  bearing   of approximately 322 ƒ 00'  for  an  approximately  259 ƒ 40'  for  au   approximatedista11ceof 0.360kilometres to a point(giidrefereuce   QG002915);  thenceon  a  bearingof  approximately  259 ƒ 40'  foran   approximate dist.auceof 0.200 kilometres to appoint(giid reference   QG000915); thenceon a true bearingofapproximately166 ƒ 10' for   an  approximate  distance  of  0.430  kilometres  to appoint  (grid   reference QGOO1910); thence on a true bearing of approximately   262 ƒ 40'  for  an  approximate  distance of  0.140  kilometres to   appoint  (grid  reference QG000910);  thence  on a  u·ue  bearing  of  approximately  233 ƒ 00'  for  an  approximate  distance  of  0.150   kilometres to appoint (grid reference PG998909); thenceon a true   bearingof approximately 335 ƒ 10' for an approximate distance of   0.180kilometrestoappoint (gridreferencePG9989l l); thenceon   a  trne beming  approxi.mately218  ƒ 00  'for  an  approximate  distance   of0.200kilometres to appoint (g1id reference PG997909); thence   on  a  true  bearing of  approximately 336 ƒ 00  'for  an  approximate   distanceof 0.400 kilometres to appoint (grid referencePG9959 l 3);   thence  on  a  tme  bearing of  approximately  258 ƒ 00'  for  an   approximatedistanceofO.300 k il ometres to a point(g1id reference   PG992912);  thence  on a  I.rue  bearing of  approximately  198 ƒ 20'   for an approximate distanceof 0.560 kilomen·es to  appoint (g r id   reference PG990907); t.heuceon a true beatingof approximately   242 ƒ 30'  for  an  approximate  distance  of  0.580  kilomen - es  to  a   point  (grid  reference  PG988904);  thence  on  a  true  bearing of   approximately  334 ƒ 20'  for an  approximate  distm1ce of  1.160   kilometi - es to appoint (giid reference PG9809l 4); thence on a tnie   bearingof  approximately  302 ƒ 00'  for an  approximate  distance of 0 . 560 kilometres to a point(g 1 idreferet 1 cePG 976918 ) ; thenceon a truebearing of approximate!y 255 ƒ 00 'foranapproximatedistance of 0 . 950 k . ilometres toappoint(grid referencePG 967915 ) ; thence on a t 111 e beruing of approximately 278 ƒ 30 ' for an approximate di . stanceof 0 . 800 kilomeu·estoappoint(grid 1 - efe 1 - encePG 959916 ) ; thenceon a t 111 e bearingofa pproximately 00 ƒ 00 ' foran approximate distance of 4 . 800 kilometres to the struting point . The area to which the application 1 - elates is more clearly shown on a plan lodged with the Mining Commiss i oner, Bulawayo . The areadescribed in relation to theMiningCommissioner's topo map 2028 DD 1 . r ZIMBABWEAN GOVERNMENT  GAZE"IT E,  21ST  0 E C E M BER,  2018 1705

    	 

    	 

    

Registered  claim name Registered number Sheet 2 GA341 Sheet 35628 Sheet l 35629 Sheet 2 35630 Sheet 3 35631 Sheet 3 9629B.M. Sheet4 35632 Sheet 5 35633 Smiler 32939 Sheet 11 35639 Sheet 34747 Sheet A 34744 SheetB 34751 Sheet North A ' 34748 Sheet  North B 34749 Sheet  North C 34750 Sheet  North D 34856 Oqueil 11 35939 Oqueil 12 35940 Oqueil 13 .. - . 35941 Oqueil 14 35942 Oqueil 15 35943 Oqueil 16 35944 Oqueil 17 355945 Oqueil 18 35946 Oqueil 19 5947 Oque il 20 35948 Oqueil 21 35949 O queil 22 35950 Oqueil 23 35951 Oqueil 24 35952 Oqueil 25 35953 Oqueil 26 35954 Oqueil 27 35955 Oqueil 28 35956 Oqueil 29 35957 Oqueil 30 35958 Oqueil 31 35959 Oqueil.32 35960 Oqueil 33 35961 Oqueil 34 35962 Oqueil 35 35963 Feudal South GA446 Feudal West 10358B.M. FeudalDBF 21065 Feudal 19918 Feudal 2 10051 B.M. Feudal 3 31190 DT 21775 SabiwaDB GA281 Sabiwa  2 GA513 Sabiwa 3 9628B.M. Sabiwa4 10049 B.M . SabiwaEast 10050B.M. Sabiwa 12 10896B.M. Sabiwa 13 10922B.M. Sabiwa 14 10923B.M. SabiwaN 25610 Sabiwa S 1978 Jethro 19923 Registered  cl a im n ame Reg i stered number Harvard 5576 B . M. Blanket 3958 Blanket 5030 Blanket 1817 Blanket 9 31202 Blanket 'A' GA247 Blanket 'B ' GA248 Blanket ·D' GA249 Blanket F · GA512 Blanket T GA547 Blanket 'K' 6874B.M. Blanket L' 9627B.M. SITES Housing 573 com und 574 compound 575 Cemetiy 577 Magazine 578 Slimes dam 613 Housing 645 Dump 646 Housing 701 ZIMBABWEAN  GovERN  IENT  GAZETTE,   21ST  DECEMBER, 2018 r r General Notice 1074 of 2018 . NATIONAL  HANDLING SERVICES lnvitation  to Tender 1:ENDERS must beenclosed insealed envelopes and endorsed on die outside wit • advert tender number, closing dote and tender description. Tenders must be drop in the tender box located at the reception aroa : National Handling Services He . id Of (NHS) . First Floor, DomesticTemtlnal . RG Mugabe International Airport . Tenders  must be  dropped  in  the  tender  box  located  at   rec eption  area:  Nati o nal  Handling Services  Head Office  (NH   First Floor, Domestic Tenninal , RG Mugabe International Airp Tender number NHS CB . 12 / 18 . Repair, servicing and commissioning of the m coldroom . Site visit meeting : 11 th January, 2019 , at 10 hrs . Tend . er closing date : 23 rd Januruy, 2019 , at 1000 hrs Tender  documents  ru - e  obtainable  from  National Handli Services H ead Office (NHS), First Floor, Domestic Termin RG  Mugabe Intemational  Airport,  Harare,  upon  payment a  non - 1 - efundable  fee ofUSDl0.00. General Notice 1075 of 2018. NATIONAL  HANDLING SERVICES Requ est  for  Exp1 - ession  of Interest A  consultant  may  subrrJt  only  one  expression  of  interest.  Three (3)  cop   of  Expression  of  Interest  (EO I )  mus t  be  submitted  in sealed  envelopes  clea   marked  with  the  "Expression  of Interest description... The  OE!  must  be  d r op   in the  tender box  located  at  the  r eception  area  at  National  Handling  Services  H   Office (NHS),  First  Floor.  Domestic  Terminal.  RG Mugabe  International  Airp   on or  before  1 500  hours  on  11th  January .  2019.  Late  expressions  of  interest   be rejected. t rainingse1vic For1he  prov  i sionof  customerse 11> i  cesexcellence   to  all  NHS Staff 1.0 BACKGROUND INFORMATI ON National  Handling  Services  (NHS)  is  a  service - bas   organisation providing multiple services to domestic. region   and  inte rn ational clients  in  the  air  ti - ansport industi - y.  In  li   with  the  company's  vision  of  providing  world  class  grot   handling  services  to  aviation  clients  by  2020,  the  custom   service trnining is earmarked to promote the theme for gre   customer service  which  drives lon g - tenn business  surviv   and profita bi lity.  NHS  being a  national  su - ategic  enti   providing  the  first  and  last  po!1  of  call  for  airlines  and  t   travelling public. it demands that itsservice qualitymeasur   up  to  the  world  class  expectations  of its  clients .  Combinnovt-ex101_7.htm

Exhibit 10.1

 

FIRST AMENDMENT TO 
THIRD AMENDED AND RESTATED CREDIT AGREEMENT

This FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of March 27, 2020 (this “Amendment”) is made by and among NOVANTA CORPORATION, a Michigan corporation (the “Lead Borrower”), NOVANTA UK INVESTMENTS HOLDING LIMITED, a private limited company incorporated in England and Wales (the “U.K. Borrower”), Novanta Europe GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) formed and existing under the laws of Germany (the “German Borrower” and jointly and severally together with the Lead Borrower and the U.K. Borrower, collectively the “Borrowers”), NOVANTA INC., a company continued and existing under the laws of the Province of New Brunswick, Canada (“Holdings”), each of the Subsidiaries of Holdings listed under the caption “GUARANTORS” on the signature pages hereto (each a “Guarantor” and collectively the “Guarantors”), each lender party hereto and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), Swing Line Lenders and L/C Issuer.

WHEREAS, the Borrowers, the lenders from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”) and the Administrative Agent are parties to that certain Third Amended and Restated Credit Agreement dated as of December 31, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), pursuant to which the Lenders have agreed to make certain financial accommodations to the Borrowers.  

WHEREAS, pursuant to Section 2.15(a) of the Credit Agreement, the Borrowers have provided notice to the Administrative Agent to request an increase in the Revolving Credit Facility by an amount equal to $145,000,000; 

WHEREAS, certain Lenders have agreed to provide new or additional Revolving Credit Commitments pursuant to the terms and conditions set forth herein and in the Credit Agreement (each such Lender, an “Increasing Lender”); and

WHEREAS, the Borrowers, Holdings, the Increasing Lenders, the Required Lenders and the Administrative Agent wish to amend the Credit Agreement in certain respects, all on the terms and conditions hereinafter set forth;

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties signatory hereto agree as follows:

1.Definitions.  Except as otherwise defined in this Amendment, terms defined in the Credit Agreement are used herein as defined therein.

2.Amendments to Credit Agreement.  Subject to the satisfaction of the conditions precedent specified in Section 3 below, the undersigned Lenders hereby agree that, effective as of the date hereof, the Credit Agreement shall be amended as follows:

 

 

(a)Section 1.01 of the Credit Agreement is hereby amended by deleting the definitions of “Fee Letter” and “Loan Documents” in  their entirety and inserting the following definitions in their stead:

	

	
“Fee Letter” means, collectively, (i) the letter agreement, dated as of November 14, 2019, among the Lead Borrower, BofA Securities, Inc. and the Administrative Agent and (ii) the letter agreement, dated as of March 16, 2020, among the Borrowers, BofA Securities, Inc. and the Administrative Agent.

	

	
“Loan Documents” means, collectively, (a) this Agreement, (b) the Notes, (c) the Guaranty (including the Holdings Guaranty), (d) the Collateral Documents, (e) the Fee Letter, (f) each Issuer Document; (g) the First Amendment, (h) after execution and delivery thereof, the Deed of Confirmation of Security entered into by Holdings, the U.K. Borrower, Novanta Technologies UK Limited and the Administrative Agent dated on or around the First Amendment Effective Date, and (i) any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.17 of this Agreement.

(b)Section 1.01 of the Credit Agreement is hereby further amended by inserting the following new defined terms in appropriate alphabetical order:

“First Amendment” means the First Amendment to Third Amended and Restated Credit Agreement, dated as of the First Amendment Effective Date, among the Borrowers, the other Loan Parties, the Administrative Agent and the Lenders party thereto.

“First Amendment Effective Date” means March 27, 2020.

(c)Section 2.15(a) and Section 2.16(a) of the Credit Agreement are, in each case, hereby amended by replacing each instance therein of the phrase “not exceeding $200,000,000” with the phrase “not exceeding $200,000,000 after the First Amendment Effective Date”.

(d)Schedule 2.01 to the Credit Agreement is hereby amended by deleting such schedule in its entirety and replacing it with the corresponding schedule set forth in Annex I attached hereto.  To the extent necessary, the Lenders will make assignments of Revolving Credit Loans to give effect to the new Revolving Credit Commitments set forth on the new Schedule 2.01.

3.Conditions Precedent.  The amendments to the Credit Agreement set forth in Section 2 hereof shall become effective, as of the date hereof, upon satisfaction of the following conditions precedent:

(a)the Lead Borrower shall have delivered to the Administrative Agent a counterpart of (i) this Amendment executed by the Lead Borrower and each other Loan Party and (ii) the Fee Letter dated as of March 16, 2020 executed by the Borrowers;

(b)(i) each Increasing Lender, (ii) solely with respect to the amendments effected pursuant to Section 2(c) of this Amendment, Lenders constituting Required Lenders and 

2

 

(iii) the Administrative Agent shall, in each case, have indicated their consent and agreement by executing this Amendment; 

(c)the Borrowers shall have delivered to the Administrative Agent new or amended and restated Revolving Credit Notes, as appropriate, if requested by a Revolving Credit Lender;

(d)the Borrowers shall have paid all fees and other amounts due and payable by them under the Credit Agreement, including to the extent invoiced the reasonable fees, costs and expenses owing to Choate, Hall & Stewart LLP, and under the Fee Letter dated as of March 16, 2020;

(e)the Loan Parties shall have delivered to the Administrative Agent a certificate of each Loan Party dated as of the Revolving Credit Increase Effective Date signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase and (ii) in the case of the Lead Borrower, certifying that, before and after giving effect to such increase, (A) the representations and warranties contained in Article V of the Credit Agreement and the other Loan Documents are true and correct in all material respects on and as of the Revolving Credit Increase Effective Date, except (I) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, (II) in the case of any representation and warranty qualified by materiality, they shall be  true and correct in all respects on and as of the Revolving Credit Increase Effective Date, and except that for purposes of Section 2.15 of the Credit Agreement, the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement and (B) no Event of Default exists;

(f)the Administrative Agent shall have received duly executed opinions addressed to the Administrative Agent and each Lender of counsel to the Domestic Loan Parties addressing such matters as the Administrative Agent shall reasonably request;

(g)the representations and warranties made by each Loan Party in Section 6 hereof are true and correct as of the date hereof; and

(h)no Event of Default shall have occurred and be continuing.

4.Conditions Subsequent.  Within a reasonable time after the First Amendment Effective Date, but, in any event, not later than April 14, 2020, the Loan Parties shall deliver, or shall cause to be delivered, to the Administrative Agent a fully executed confirmation agreement with respect to the security documents governed by English law in the form agreed to by the Loan Parties and the Administrative Agent as of the First Amendment Effective Date.  For the avoidance of doubt, failure to perform the obligation set forth above by the date indicated (subject to any extension of such date as consented to by the Administrative Agent in its sole discretion shall constitute an Event of Default under Section 8.01(b) of the Credit Agreement.

5.Joinder of New Lender.  

3

 

(a)PNC Bank, National Association (the “Joining Lender”) hereby (i) becomes a party to the Credit Agreement as a Revolving Credit Lender thereunder with the same force and effect as if originally named as a Lender therein and (ii) covenants and agrees to be bound by all the terms and conditions of the Credit Agreement and the other Loan Documents applicable to Revolving Credit Lenders. The Revolving Credit Commitment of the Joining Lender is as set forth on the new Schedule 2.01 attached as Annex I hereto.

(b)The Joining Lender (i) represents and warrants that it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to become a Lender under the Credit Agreement; (ii) confirms that it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive, copies of financial statements of the Borrowers and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (iii) agrees that it has, independently and without reliance upon the Administrative Agent and based upon such documents and information as it has deemed appropriate, made its own credit and legal analysis and decision to execute and deliver this Agreement and make the covenants herein contained; (iv) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (v) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto; and (vi) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by it, as applicable.

6.Representations and Warranties.  The Lead Borrower and the other Loan Parties each represents and warrants to the Lenders that the representations and warranties of the Loan Parties contained in Article V of the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, are true and correct in all material respects on the date hereof, except that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct in all respects on the date hereof; provided that (a) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, (b) the representations and warranties contained in Sections 5.05(a) and (b) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a) and (b) of the Credit Agreement, respectively and (c) each reference in the Credit Agreement to “this Agreement” or the “Credit Agreement” or the like shall include reference to this Amendment and the Credit Agreement as amended hereby.

7.Effect on Loan Documents.  The Credit Agreement (as amended hereby) and the other Loan Documents shall be and remain in full force and effect in accordance with their terms and hereby are ratified and confirmed in all respects.  Except as expressly set forth herein the execution, delivery, and performance of this Amendment shall not operate as a waiver or an amendment of any right, power, or remedy of the Administrative Agent or any Lender under the Credit Agreement or any other Loan Document, as in effect prior to the date hereof.  Each of the Loan Parties hereby ratifies and confirms in all respects all of its obligations under the Credit 

4

 

Agreement (as amended hereby) and the other Loan Documents to which it is a party.  This Amendment shall serve as the “Revolving Increase Joinder” referred to in Section 2.15(e) of the Credit Agreement.

8.No Novation; Entire Agreement.  This Amendment evidences solely the amendment of the terms and provisions of the obligations of the Lead Borrower and the other Loan Parties under the Loan Documents and is not a novation or discharge thereof.  There are no other understandings, express or implied, among the Lead Borrower, the other Loan Parties, the Administrative Agent and the Lenders regarding the subject matter hereof or thereof.

9.Choice of Law.  This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

10.Electronic Signatures; Counterparts.  This Amendment and any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Amendment (each a “Communication”), including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures.  Each of the Loan Parties agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on each of the Loan Parties to the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of each of the Loan Parties enforceable against such in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered.   Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication.  For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Administrative Agent and each of the Lenders of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Administrative Agent and each of the Lenders may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document.  All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record.  Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party without further verification and (b) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by such manually executed counterpart.  For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.  For the avoidance of doubt, upon the request of the Administrative Agent, each Loan Party and each Lender hereby agrees to deliver a manually signed original 

5

 

counterpart of each Communication to the Administrative Agent within a reasonable time after the First Amendment Effective Date.

11.Construction.  This Amendment is a Loan Document.  This Amendment and the Credit Agreement shall be construed collectively and in the event that any term, provision or condition of any of such documents is inconsistent with or contradictory to any term, provision or condition of any other such document, the terms, provisions and conditions of this Amendment shall supersede and control the terms, provisions and conditions of the Credit Agreement.  Upon and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “herein”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “therein”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified and amended hereby.

[Remainder of Page Intentionally Left Blank]

 

6

 

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

BORROWERS:

NOVANTA CORPORATION

 

 

By:  /s/ Robert J. Buckley

Name:  Robert Buckley

Title: Chief Financial Officer

 

NOVANTA UK INVESTMENTS HOLDING LIMITED 

 

 

By:  /s/ Robert J. Buckley

Name:  Robert Buckley

Title: Director

 

NOVANTA EUROPE GmbH

 

 

By:  /s/ Robert J. Buckley

Name:  Robert Buckley

Title:    Managing Director

 

 

HOLDINGS:

NOVANTA INC.

 

 

By:  /s/ Robert J. Buckley

Name:  Robert Buckley

Title: Chief Financial Officer

 

 

OTHER GUARANTORS:

NOVANTA TECHNOLOGIES UK LIMITED

 

 

By:  /s/ Robert J. Buckley

Name:  Robert Buckley

Title: Director

 

 

 

[First Amendment to Third A&R Credit Agreement]

 

NDS SURGICAL IMAGING LLC

 

 

By:  /s/ Robert J. Buckley

Name:  Robert Buckley

Title:    President

 

 

MED X CHANGE, INC.

 

 

By:  /s/ Robert J. Buckley

Name:  Robert Buckley

Title:    President

 

 

NOVANTA MEDICAL TECHNOLOGIES CORP.

 

 

By:  /s/ Robert J. Buckley

Name:  Robert Buckley

Title:    President

 

 

[First Amendment to Third A&R Credit Agreement]

 

 

 

W.O.M. WORLD OF MEDICINE USA, INC.

 

 

By:  /s/ Timothy Spinella

Name:  Timothy Spinella

Title:    Treasurer

 

 

[First Amendment to Third A&R Credit Agreement]

 

 

 

bank of america, n.a., as 
Administrative Agent

 

 

By:  /s/ Melissa Mullis

Name:  Melissa Mullis

Title:   Assistant Vice President 

[First Amendment to Third A&R Credit Agreement]

 

bank of america, n.a., as a Lender, L/C Issuer and Swing Line Lender

 

 

By:  /s/ John F. Lynch

Name:  John F. Lynch

Title:  Senior Vice President

 

[First Amendment to Third A&R Credit Agreement]

 

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender 

 

 

By:  /s/ Cody King

Name:Cody King  

Title:    Vice President

 

 

 

 

[First Amendment to Third A&R Credit Agreement]

 

SILICON VALLEY BANK, as a Lender 

 

 

By:  /s/ Michael Shuhy

Name:  Michael Shuhy

Title:  Managing Director

[First Amendment to Third A&R Credit Agreement]

 

PNC BANK, NATIONAL ASSOCIATION, as a Lender

 

 

By:  /s/ Eileen P. Murphy

Name:  Eileen P. Murphy

Title: Vice President 

 

		
	
Name of Treaty Lender
	
PNC Bank, National Association

	
Double tax treaty passport scheme reference number
	
XX/X/XXXXX/XXXX

	
Jurisdiction of tax residence
	
United States of America

 

 

S-2

 

 

Annex I

 

SCHEDULE 2.01

COMMITMENTS
AND APPLICABLE PERCENTAGES

 

			
	
Term Commitments

	
Lender
	
Commitment

 
	
Applicable Percentage

	
Bank of America, N.A.
	
€15,829,333.34
	
17.777777785%

	
JPMorgan Chase Bank, N.A.
	
€15,829,333.33
	
17.777777774%

	
Wells Fargo Bank, National Association
	
€15,829,333.33
	
17.777777774%

	
Bank of Montreal
	
€12,861,333.34
	
14.444444452%

	
Silicon Valley Bank
	
€10,882,666.66
	
12.222222215%

	
TD Bank, N.A.
	
€9,893,333.34
	
11.111111119%

	
HSBC Bank USA, N.A.
	
€6,155,851.85
	
6.913580245%

	
HSBC UK Bank Plc
	
€1,758,814.81
	
1.975308637%

	
Total
	
€89,040,000.00
	
100.000000000%

	
 
	
 
	
 

 

			
	
Revolving Credit Commitments

 

	
(a) Revolving Credit Lender’s Revolving Credit Commitment

 

	
Lender
	
Commitment
	
Applicable Percentage

	
Bank of America, N.A.
	
$82,222,222.22
	
16.610549943%

	
JPMorgan Chase Bank, N.A.
	
$62,222,222.22
	
12.570145903%

	
Wells Fargo Bank, National Association
	
$82,222,222.22
	
16.610549943%

	
PNC Bank, National Association
	
$100,000,000.00
	
20.202020203%

	
Bank of Montreal
	
$50,555,555.56
	
10.213243547 %

	
Silicon Valley Bank
	
$47,777,777.78
	
9.652076319%

	
TD Bank, N.A.
	
$38,888,888.89
	
7.856341190%

	
HSBC Bank USA, N.A.
	
$24,197,530.87
	
4.888390075%

	
HSBC UK Bank Plc
	
$6,913,580.24
	
1.396682877%

	
Total
	
$495,000,000.00
	
100.000000000%

 

 

 

 

		
		
	
(b) Letter of Credit Sublimit

 

	
Lender
	
Letter of Credit Sublimit

	
Bank of America, N.A.
	
$20,000,000.00

	
Total:
	
$20,000,000.00

	
 
	
 

	
 
	
 

	
(c) Swing Line Sublimit

	
 
	
Swing Line Sublimit

	
Bank of America, N.A.
	
$10,000,000.00

	
Total:
	
$10,000,000.00

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