Document:

Exhibit 10.1

 

Execution Version

 

FIRST AMENDMENT AND ISSUING BANK DESIGNATION
AGREEMENT

 

FIRST
AMENDMENT AND ISSUING BANK DESIGNATION AGREEMENT (this “Agreement”), dated as of July 22, 2020 (the “Effective
Date”) by and among (i) the undersigned New Issuing Banks (as defined below), (ii) ENVIVA PARTNERS, LP, a Delaware
limited partnership (the “Borrower”) and (iii) BARCLAYS BANK PLC (“Barclays”),
as an Issuing Bank (in such capacity, the “Existing Issuing Bank”) and as Administrative Agent.

 

RECITALS

 

A.        WHEREAS,
reference is hereby made to the Amended and Restated Credit Agreement, dated as of October 18, 2018 (as amended, restated, amended
and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms
defined therein and not otherwise defined herein being used herein as defined in the Credit Agreement as amended hereby), by and
among the Borrower, the Lenders party thereto from time to time, Barclays, as Administrative Agent and as Collateral Agent, and
the other Persons party thereto; and

 

B.         WHEREAS,
pursuant to Section 2.24(k) of the Credit Agreement, (i) the Borrower has requested, and the New Issuing Banks and the Administrative
Agent have agreed, that the New Issuing Banks be designated as Issuing Banks under the Credit Agreement and (ii) the Borrower,
the Administrative Agent, the Existing Issuing Bank and the New Issuing Banks desire to amend the Credit Agreement to change the
L/C Commitments as further set forth herein.

 

Accordingly, in consideration
of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby
acknowledged, the parties hereto agree as follows:

 

SECTION
1.      Designation of New Issuing Banks. Pursuant to Section 2.24(k) of the Credit Agreement,
the Borrower hereby designates, and each of the Administrative Agent and the New Issuing Banks consent to such designation, each
of (i) Goldman Sachs Bank USA and (ii) Citibank, N.A. (each a “New Issuing Bank” and, collectively, the “New
Issuing Banks”) as an Issuing Bank under the Credit Agreement.

 

SECTION
2.       Amendment to the Credit Agreement. The Credit Agreement is hereby amended as follows:

 

(a)         Amendment
to Section 1.01 of the Credit Agreement. Section 1.01 of the Credit Agreement is hereby amended by amending and restating
the definition of “L/C Commitment” to read as follows:

 

“L/C
Commitment” shall mean the commitment of each Issuing Bank to issue Letters of Credit pursuant to Section 2.24 in
the amounts set forth on Schedule 2.02 as amended from time to time. The aggregate amount of the L/C Commitment shall not exceed
the lesser of (x) $50,000,000 and (y) the Revolving Credit Commitments.

 

     

     

    

 

(b)         Amendment
to Schedule 2.02 to the Credit Agreement. Schedule 2.02 of the Credit Agreement is hereby amended and restated in the form
attached as Exhibit A to this Agreement.

 

SECTION
3.       Representations and Warranties. The Borrower hereby represents and warrants
to the New Issuing Banks, the Existing Issuing Bank and the Administrative Agent that the following statements are true and correct
in all respects:

 

(a)         the representations and warranties set forth in Article III of the Credit Agreement are true and correct in all material
respects on and as of the date hereof to the same extent as if made on and as of the date hereof, except to the extent such representations
and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and
correct in all material respects on and as of such earlier date; provided that to the extent any such representation and
warranty is already qualified by materiality or Material Adverse Effect, such representation and warranty shall be true and correct
in all respects;

 

(b)        the
Borrower has the requisite power and authority to execute and deliver this Agreement and to perform its obligations under this
Agreement and each Loan Document, as amended hereby. The execution and delivery of this Agreement and the performance by the Borrower
of this Agreement and each Loan Document (as amended hereby) to which it is a party have been duly approved by all necessary organizational
action of the Borrower; and

 

(c)         this Agreement has been duly executed and delivered by the Borrower and this Agreement is the legally valid and binding
obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as may be limited by bankruptcy,
insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws relating to or limiting creditors’
rights generally or by general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

SECTION
4.       Conditions to Effectiveness of this Agreement. The effectiveness of the Agreement
shall be subject to the following conditions precedent (the date on which such conditions have been satisfied (or waived) is referred
to herein as the “Effective Date”):

 

(a)         The Administrative Agent shall have received duly executed counterparts of this Agreement from the Borrower, the Existing
Issuing Bank and the New Issuing Banks each of which shall be originals or facsimiles or “.pdf” files (followed promptly
by originals) unless otherwise specified.

 

(b)        The
representations and warranties set forth in Section 3 of this Agreement shall be true and correct.

 

(c)         No Default or Event of Default shall exist or would result from the execution and delivery of this Agreement.

 

    2

     

    

 

SECTION
5.       Effect of the Amendment. On and after the Effective Date, each reference
to the Credit Agreement in any Loan Document shall be deemed to be a reference to the Credit Agreement as amended by this Agreement
(the Credit Agreement, as so amended, the “Amended Credit Agreement”). Except as expressly provided
in this Agreement, nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification
or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any
other Loan Document in similar or different circumstances. On and after the Effective Date, (i) this Agreement shall constitute
a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents, (ii) the terms “Agreement”,
“this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof”, and
words of similar import, as used in the Credit Agreement shall, unless the context otherwise requires, mean the Amended Credit
Agreement and (iii) the term “Issuing Banks” as used in the Credit Agreement shall, unless the context otherwise requires,
be deemed to include the New Issuing Banks. Each Loan Party hereby ratifies and confirms that, except as specifically amended
by this Agreement, the Credit Agreement and the other Loan Documents shall remain in full force and effect.

 

SECTION
6.       Counterparts. This Agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original,
but all such counterparts together shall constitute but one and the same contract. Delivery of an executed counterpart of a signature
page of this Agreement by facsimile or other customary means of electronic transmission (e.g., “.pdf”) shall be as
effective as delivery of a manually executed counterpart hereof. The words “execution,” “signed,” “signature,”
and words of like import in this Agreement shall be deemed to include electronic signatures or the keeping of records in electronic
form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use
of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including
the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act,
or any other similar state laws based on the Uniform Electronic Transactions Act.

 

SECTION
7.       Applicable Law.  THIS AGREEMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE
OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO
CONFLICT OF LAWS PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

 

SECTION
8.       Miscellaneous. The provisions of Sections 9.11 and 9.15 of the Credit
Agreement are incorporated by reference herein and made a part hereof.

 

SECTION
9.       Headings. The headings of this Agreement are for purposes of reference only
and shall not limit or otherwise affect the meaning hereof.

 

[Remainder of page intentionally left
blank]

 

    3

     

    

 

IN WITNESS WHEREOF,
the undersigned has caused this Agreement to be duly executed by its duly authorized officers, all as of the date first above written.

 

	ENVIVA
    PARTNERS, LP, as Borrower	 
	By:
    Enviva Partners GP, LLC, its general partner	 
	 	 
	 	 
	By: 	/s/ Wushuang Ma	 
	 	Name: Wushuang Ma	 
	 	Title:   Assistant Treasurer	 

 

[Signature Page to First Amendment and Issuing Bank Designation Agreement]

 

     

     

    

 

IN WITNESS WHEREOF,
the undersigned has caused this Agreement to be duly executed by its duly authorized officers, all as of the date first above written.

 

	 	BARCLAYS
    BANK PLC, as Administrative Agent and the Existing Issuing Bank
	 	 
	 	 
	 	By: 	/s/ Sydney G. Dennis
	 	Name: 	Sydney G. Dennis
	 	Title: 	Director

 

[Signature Page to First Amendment and Issuing Bank Designation Agreement]

 

     

     

    

 

	 	Citibank,
    N.A.,
	 	as
    a New Issuing Bank
	 	 
	 	 
	 	By: 	/s/ Greg Kantrowitz
	 	Name: 	Greg Kantrowitz
	 	Title: 	Vice President / Director

 

[Signature Page to First Amendment and Issuing Bank Designation Agreement]

 

     

     

    

 

		Goldman
    Sachs Bank USA,
		as
    a New Issuing Bank
	 	 
	 	 
			By: 	/s/ Jacob Elder
		Name: 	Jacob Elder
		Title: 	Authorized Signatory

 

[Signature Page to First Amendment and Issuing Bank Designation Agreement]

 

     

     

    

 

Exhibit A

 

Schedule 2.02

Issuing Banks

 

	Issuing 

Bank	Address 	Contact Details 	L/C Commitment
	
        Barclays Bank PLC, New York Branch

         

         

         
	
        Barclays Bank PLC, New York Branch

        745 Seventh Avenue

        New York, NY 10019

        Attn: Letters of Credit Department / BDM
        LC Support / Nnamdi Otudoh

         
	Email: xrabdmlcsupport@barclays.com, xraletterofcredit@barclays.com, nnamdi.otudoh@barclays.com	$20,000,000
	Goldman Sachs Bank USA	
        c/o Goldman Sachs Loan Operations

        Attention: Letter of Credit Department
        Manager

        2001 Ross Avenue, 29th Floor

        Dallas, TX 75201

         
	
        Tel: 972-368-2790

        Email: gs-loc-business@gs.com

         
	$20,000,000
	Citibank, N.A.	
        388 Greenwich Street, 31st Floor

        New York, NY 10013

        Attention: Letters of Credit / Zorijana
        Migliorini / Diran Aslanian

         
	
        Tel: 212-816-8663 / 212-816-0239

        Email:
        zorijana.migliorini@citi.com / diran.aslanian@citi.com
	$10,000,000Specimen Unit Certificate

 Exhibit 4.1 

NUMBER UNITS 
 U- 

SEE REVERSE FOR CERTAIN DEFINITIONS 

CUSIP [●] 
 FORTRESS VALUE
ACQUISITION CORP. II 
 UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-FIFTH OF
ONE REDEEMABLE WARRANT TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK 
 THIS CERTIFIES THAT
                     is the owner of
                     Units. 
 Each Unit
(“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common Stock”), of Fortress Value Acquisition Corp. II, a Delaware corporation (the
“Company”), and one-fifth (1/5) of one redeemable warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder to purchase one
(1) share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”), and (ii) twelve (12) months from the closing of the
Company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon
redemption or liquidation (the “Expiration Date”). The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to
            , 2022, unless [●] elect to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K
with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of its initial public offering and issuing a press release announcing when separate trading will begin. No
fractional warrants will be issued upon separation of the Units. The terms of the Warrants are governed by a Warrant Agreement, dated as of             , 2020, between the Company and
Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the
Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost. 

Upon the consummation of the Business Combination, the Units represented by this certificate will automatically separate into shares of Common
Stock and Warrants comprising such Units. 
 This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the
Company. 
 This certificate shall be governed by and construed in accordance with the internal laws of the State of New York. 

Witness the facsimile signature of its duly authorized officers. 
  

					
	  
 Secretary
	 		 	  
 Chief Financial
Officer

 FORTRESS VALUE ACQUISITION CORP. II 

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 

 The following abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out in full according to applicable laws or regulations: 
  

											
	TEN COM	 	–	 	as tenants in common	  	            UNIF GIFT MIN ACT	  	–	  	                           Custodian        
                   
	TEN ENT	 	–	 	as tenants by the entireties	  		  		  	        (Cust)                             
   (Minor)
						
	JT TEN	 	–	 	as joint tenants with right of survivorship and not as tenants in common	  		  		  	 under Uniform Gifts to Minors Act

 

	  	
                          
  (State)

 Additional abbreviations may also be used though not in the above list. 

For value received,                      hereby
sell, assign and transfer unto                      

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
  

	
	  
 (PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

	
	  

	
	  

                     Units represented by the
within Certificate, and do hereby irrevocably constitute and appoint 

                     Attorney to transfer the said
Units on the books of the within named Company with full power of substitution in the premises. 
  

					
	Dated                     	 		 	
		 		 	  

		 		 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever. 
			
	Signature(s) Guaranteed:	 		 	
			
	     
	 		 	
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C.
RULE 17Ad-15 (OR ANY SUCCESSOR RULE).	 		 	

 In each case, as more fully described in the Company’s final prospectus dated
            , 2020, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account
established in connection with its initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in its initial public offering and liquidates because it does not consummate an initial business
combination by the date set forth in the Company’s amended and restated certificate of incorporation, (ii) the Company redeems the shares of Common Stock sold in its initial public offering in connection with a stockholder vote to amend
the Company’s amended and restated certificate of incorporation (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial business 

  
 2 

 
combination or to redeem 100% of the Common Stock if it does not consummate an initial business combination by the date set forth in the Company’s amended and restated certificate of
incorporation or (B) with respect to any other provision relating to the rights of holders of the Common stock or pre-initial Business Combination activity or (iii) if the holder(s) seek(s) to redeem
for cash his, her or its respective shares of Common Stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details
of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account. 

  
 3

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