Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 AMENDMENT
NO. 6, dated as of June 26, 2020 (this “Amendment Agreement”), among HARSCO CORPORATION, a Delaware corporation (the “Company”), the Subsidiary Guarantors party hereto, CITIBANK, N.A., as
Administrative Agent and Collateral Agent, and the Lenders party hereto (each, a “Consenting Lender”). 
 Reference is made
to the Third Amended and Restated Credit Agreement, dated as of November 2, 2016 (as amended by Amendment No. 1 to Credit Agreement, dated as of December 8, 2017, Amendment No. 2 to the Credit Agreement, dated as of June 18,
2018, Amendment No. 3 to Credit Agreement, dated as of June 18, 2018, Amendment No. 4 to Credit Agreement, dated as of June 28, 2019, and Amendment No. 5 to Credit Agreement, dated as of March 31, 2020, the
“Existing Credit Agreement”; the Existing Credit Agreement as amended by this Amendment Agreement, the “Amended Credit Agreement”), among the Company, the Approved Borrowers (as defined therein) from time to time
party thereto, the lenders from time to time party thereto and Citibank, N.A., as Administrative Agent and Collateral Agent. Unless otherwise defined herein, terms defined in the Amended Credit Agreement and used herein shall have the meanings given
to them in the Amended Credit Agreement. 
 WHEREAS, the Company has requested certain amendments to the Existing Credit Agreement on the
terms set forth herein (the “Required Lender Amendments”); 
 WHEREAS, in order to effect the foregoing, the Company and
the Consenting Lenders, which Consenting Lenders constitute Required Lenders (as defined in the Existing Credit Agreement), desire to amend the Existing Credit Agreement as of the Amendment No. 6 Effective Date and approve the Required Lender
Amendments as provided herein; and 
 WHEREAS, all notice requirements set forth in Section 10.01 of the Existing Credit Agreement have
been duly provided by the Company or waived by the Administrative Agent and the Consenting Lenders. 
 NOW, THEREFORE, in consideration of
the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

Section 1. Credit Agreement Amendments. On the Amendment No. 6 Effective Date, the Company, the Administrative Agent,
and the Consenting Lenders agree that the Existing Credit Agreement is, effective as of the Amendment No. 6 Effective Date, hereby amended pursuant to Section 10.01 of the Existing Credit Agreement, as follows: 

(a)    The following definitions are hereby added after the definition of “Amendment No. 5
Effective Date”: 
 “‘Amendment No. 6’: Amendment No. 6, dated as of June 26, 2020, among the Loan
Parties, the Lenders party thereto, the Administrative Agent and the Collateral Agent.” 
 “‘Amendment No. 6 Effective
Date’: June 26, 2020.” 

  
 1 

 (b)    Clause (b) of the definition of
“Applicable Margin” is hereby amended by adding the double-underlined text (indicated textually in the same manner as the following example: double-underlined text): 

From and after the Amendment No. 4 Effective
Date (but other than during the Relief Period) 

 

											
	 Pricing
Level
	  	 Total Leverage Ratio
	  	Eurocurrency
Loans	 	 	Base Rate
Loans	 
				
	1	  	< 2.75:1.00	  	 	1.50	% 	 	 	0.50	% 
				
	2	  	 3 2.75:1.00 and

< 3.25:1.00
	  	 	1.75	% 	 	 	0.75	% 
				
	3	  	 3 3.25:1.00 and

< 4.00:1.00
	  	 	2.00	% 	 	 	1.00	% 
				
	4	  	3 4.00:1.00	  	 	2.25	% 	 	 	1.25	% 

During the Relief
Period 
  

											
	
Pricing

Level
	  	
Total Leverage
 Ratio
	  	Eurocurrency
Loans	 	 	Base Rate
Loans	 
	1	  	< 2.75:1.00	  	 	1.50	% 	 	 	0.50	% 
	2	  	
3 2.75:1.00
and
 < 3.25:1.00
	  	 	1.75	% 	 	 	0.75	% 
	3	  	
3 3.25:1.00
and
 < 4.00:1.00
	  	 	2.00	% 	 	 	1.00	% 
	4	  	
3 4.00:1.00
and
 < 4.50:1.00
	  	 	2.25	% 	 	 	1.25	% 
	5	  	3 4.50:1.00	  	 	2.50	% 	 	 	1.50	% 

 (c)    Clause (c) of the definition of “Incremental Cap
Amount” is hereby amended by adding the double-underlined text (indicated textually in the same manner as the following
example: double-underlined text): 

“(c)    from and after the Amendment No. 5 Effective Date and without deducting amounts incurred on or prior to
the Amendment No. 5 Effective Date pursuant to this clause (c), (i) $0 on any date within the Relief
Period and (ii) $175,000,000 on any date
outside of the Relief Period;” 

  
 2 

 (d)    The following definitions are hereby added after
the definition of “Related Parties”: 
 “‘Relief Period’: the period commencing on the Amendment No. 6
Effective Date and ending on the Relief Period Termination Date.” 
 “‘Relief Period Termination Notice’: an
irrevocable written notice executed and delivered by a Responsible Officer of the Company to the Administrative Agent (on behalf of and for distribution to the applicable Lenders) stating that on the date specified therein the Relief Period shall be
permanently terminated. The Relief Period Termination Notice may be executed and delivered by the Company at any time in its sole discretion and on no more than one occasion.” 

“‘Relief Period Termination Date’: the earlier of (x) the date on which the Administrative Agent receives a
Compliance Certificate from the Company pursuant to Section 6.02(b) in respect of the fiscal year ending December 31, 2021 and (y) the date that is specified as such on the Relief Period Termination Notice, if any.” 

(e)    Section 7.01(a) is hereby amended by adding the double-underlined text (indicated textually in
the same manner as the following example: double-underlined text)
and by deleting the stricken text (indicated textually in the same manner as the following example: stricken text): 
 “Section 7.01. Financial Covenants. 

(a)
(i) During the Relief Period, permit the Total Net Leverage Ratio on a Pro Forma Basis as at the last day of any applicable Test Period to exceed (v) in the case of the Test Period ending on June 30, 2020, 5.25:1.00, (w) in
the case of the Test Periods ending on September 30, 2020, December 31, 2020 and March 31, 2021, 5.75:1.00, (x) in the case of the Test Period ending on June 30, 2021, 5.25:1.00, (y) in the case of the Test Period
ending on September 30, 2021, 5.00:1.00, and (z) in the case of in the case of the Test Period ending on December 31, 2021, 4.75:1.00; 

(ii) Upon and after the
Relief Period Termination Date, Permit the Total Net Leverage Ratio on a Pro Forma Basis as at the last day of any Test Period to exceed (x) in the case of any Test Period ending on or before December 31, 2020, 5.00:1.00,
(y) in the case of any Test Period ending on or before December 31, 2021 but after December 31, 2020, 4.50:1.00 and (z) in the case of any Test Period ending thereafter, 4.00:1.00; provided, solely in the case of this subsection (a)(ii), that,
notwithstanding the foregoing, the maximum permitted Total Net Leverage Ratio set forth in clauses (y) and (z) abovein this subsection (a)(ii) shall be increased by 0.50 for a
period of one year following the consummation of any Significant Acquisition (but shall in no event exceed 4.50:1.00); provided, further, that such increase shall not be cumulative in the event that more than one Significant Acquisition is
consummated within the same 12-month period.” 

  
 3 

 (f)    Section 7.02(i) is hereby amended by adding
the double-underlined text (indicated textually in the same manner as the following example: double-underlined
text): 
 “Indebtedness of any Restricted Subsidiary which is not a
Subsidiary Guarantor; provided that the aggregate principal amount of Indebtedness outstanding at any one time pursuant to this clause shall not exceed
(i) $75,000,000 on any date within the Relief Period and (ii) $150,000,000 on any date outside of the Relief
Period;” 

(g)    Section 7.03(r) is hereby amended by adding the double-underlined text (indicated textually in
the same manner as the following example: double-underlined text) and by deleting the stricken text (indicated textually in the same manner as the following example: stricken
text): 
 “Liens securing obligations at any time outstanding not to exceed (i) $50,000,000 on any date within the Relief Period and (ii) the greater of $75,000,000 and 3.25% of Consolidated Total Assets aton any time outstandingdate
outside of the Relief Period;” 

(h)    Section 7.06(h) is hereby amended by adding the double-underlined text (indicated textually in
the same manner as the following example: double-underlined text): 

“on
any date outside of the Relief Period, the Company may make additional cash Restricted Payments pursuant to this clause (h) in an aggregate amount not to exceed the Available Amount at
such time (as determined immediately before giving effect to the making of such Restricted Payment) so long as (A) no Default or Event of Default then exists or would result therefrom, (B) the Company would at the time of and immediately
after giving effect to such Restricted Payment be in compliance with the Financial Covenants, determined on a Pro Forma Basis giving effect to such Restricted Payment as of the last day of the most recently ended Test Period and (C) the Company
shall be in compliance with the Minimum Liquidity Test at the time of the proposed Restricted Payment and immediately after giving effect thereto, as certified by the Company to the Administrative Agent (and supported with such evidence as may be
reasonably satisfactory to the Administrative Agent);” 
 (i)    Section 7.07(n) is
hereby amended by adding the double-underlined text (indicated textually in the same manner as the following example: double-underlined text): 

“Investments by the Company or any of its Restricted Subsidiaries in an aggregate amount at any time outstanding not to exceed (i) $50,000,000 on any date within the Relief Period and
(ii) the greater of $100,000,000 and 4.25% of Consolidated Total
Assets on any date outside of the Relief
Period;” 

(j)    Section 7.07(o) is hereby amended by adding the double-underlined text (indicated textually in
the same manner as the following
example: double-underlined
 text): 
 “on any date outside of the Relief Period, the Company and its Restricted
Subsidiaries may make Investments in an aggregate amount not to exceed the Available Amount at such time (as determined immediately before giving effect to the making of such Investment) so long as (A) no Default or Event of Default then

  
 4 

 
exists or would result therefrom and (B) the Company would at the time of and immediately after giving effect to such Investment be in compliance with the Financial Covenants;” 

(k)    Section 7.08(a)(II) is hereby amended by adding the double-underlined text (indicated textually
in the same manner as the following
example: double-underlined
 text): 

“on any date outside
of the Relief Period, optional or voluntary payments, prepayments, repurchases, redemption or defeasance of such Indebtedness in an aggregate amount not to exceed the Available Amount at such
time (as determined immediately before giving effect to the making of such payment, prepayment, repurchase, redemption or defeasance so long as, in the case of this clause (a)(II), (i) no Default or Event of Default then exists or would result
therefrom and (ii) the Company would at the time of and immediately after giving effect to such voluntary payment, prepayment, repurchase, redemption or defeasance be in compliance with the Financial Covenants,” 

Section 2.    Representations and Warranties. The Company hereby represents and warrants to the Administrative
Agent and each Lender party hereto that (x) no Default or Event of Default has occurred and is continuing on and as of the Amendment No. 6 Effective Date after giving effect hereto, and (y) each of the representations and warranties
in each of the Loan Documents is true and correct in all material respects (except that any representation and warranty that is qualified by materiality shall be true and correct in all respects) on and as of the Amendment No. 6 Effective Date
after giving effect hereto (except to the extent such representations and warranties are specifically made as of an earlier date, in which case such representations and warranties were true and correct in all material respects as of such date). 

Section 3.    Effectiveness of this Amendment Agreement. This Amendment Agreement shall become effective as of
the date hereof, subject to the satisfaction of the following conditions precedent on such date (the date on which all of such conditions shall first be satisfied, the “Amendment No. 6 Effective Date”): 

(a)    the Administrative Agent shall have received in .pdf or electronic format (followed promptly by
originals to the extent requested by the Administrative Agent) and, unless otherwise specified, properly executed by a Responsible Officer of the signing Loan Party and by each other party thereto, each in form and substance reasonably satisfactory
to the Administrative Agent and its legal counsel: 
 (i)    counterparts hereof that, when taken together, bear the
signatures of the Loan Parties, the Administrative Agent, the Collateral Agent, and each other Consenting Lender collectively constituting the Required Lenders; and 

(ii)    a certificate of a Responsible Officer certifying as to the matters set forth in Section 2 hereof; 

  
 5 

 (b)    the Administrative Agent shall have received for
the ratable benefit of each Consenting Lender an amendment fee in an amount equal to 0.125% of (i) the aggregate principal amount of the outstanding Term A-1 Loans of such Consenting Lender as of the
Amendment No. 6 Effective Date and (ii) the aggregate amount of the Revolving Credit Commitments of such Consenting Lender as of the Amendment No. 6 Effective Date; and 

(c)    All other fees and expenses (in the case of expenses, to the extent invoiced at least three
(3) Business Days prior to the Amendment No. 6 Effective Date (except as otherwise reasonably agreed by the Company)) required to be paid hereunder, under the Amended Credit Agreement and under the Engagement Letter, dated as of
June 17, 2020, between Citigroup Global Markets Inc. as lead arranger, and the Company, in each case on the Amendment No. 6 Effective Date, shall have been paid. 

Section 4.    Effect of Amendment; No Novation. 

(a)    Except as expressly set forth herein or in the Amended Credit Agreement, this Amendment Agreement
shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agents under the Existing Credit Agreement or any other Loan Document and shall not alter, modify, amend or
in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other provision of the Existing Credit Agreement or of any other Loan Document, all of which are ratified and
affirmed in all respects and shall continue in full force and effect. 
 (b)    Nothing herein shall be
deemed to entitle the Company 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 Existing Credit Agreement or any other Loan Document in
similar or different circumstances. 
 (c)    On and after the Amendment No. 6 Effective Date, each
reference in the Existing Credit Agreement to “this Agreement”, “hereunder”, “hereof’, “herein”, or words of like import, and each reference to the “Credit Agreement”, in any other Loan Document
shall be deemed a reference to the Amended Credit Agreement. This Amendment Agreement shall constitute a “Loan Document” for all purposes of the Amended Credit Agreement and the other Loan Documents. 

(d)    The parties hereto hereby consent to the Required Lender Amendments upon the terms and subject to
the conditions set forth herein. Upon the Amendment No. 6 Effective Date, all conditions and requirements set forth in the Existing Credit Agreement or the other Loan Documents relating to the effectiveness of this Amendment Agreement,
including the Required Lender Amendments, shall be deemed satisfied. 
 (e)    Nothing contained in this
Amendment Agreement, the Amended Credit Agreement or any other Loan Document shall constitute or be construed as a novation of any of the Obligations. 

Section 5.    Governing Law. THIS AMENDMENT AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS
AMENDMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES. 

  
 6 

 Section 6.    Costs and Expenses. In accordance with, and
subject to the limitations of, Section 10.05 of the Amended Credit Agreement, the Company agrees to reimburse the Administrative Agent for its reasonable documented
out-of-pocket expenses in connection with this Amendment Agreement, including the reasonable documented fees, charges and disbursements of counsel for the Administrative
Agent. 
 Section 7.    Counterparts. This Amendment 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 instrument. Delivery of any executed
counterpart of a signature page of this Amendment Agreement by facsimile or electronic transmission shall be as effective as delivery of a manually executed counterpart hereof; provided, that, notwithstanding anything contained herein to the
contrary, the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it (it being understood that
DocuSign shall be approved by the Administrative Agent); provided, further, that, without limiting the foregoing, any party providing an electronic signature page shall provide the Administrative Agent with an original or .pdf copy
such signature page signed manually within six month following the Amendment No. 6 Effective Date. 

Section 8.    Headings. The headings of this Amendment Agreement are for purposes of reference only and shall
not limit or otherwise affect the meaning hereof. 
 [Remainder of page intentionally blank] 

  
 7 

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

			
	 HARSCO CORPORATION,
 as
Borrower

		
	By:	 	 /s/ Peter F. Minan

	Name:	 	Peter F. Minan
	Title:	 	 Senior Vice President and Chief
 Financial
Officer

	
	 HARSCO DEFENSE HOLDING LLC

HARSCO MINNESOTA FINANCE, INC.
 PROTRAN TECHNOLOGY
LIMITED
 LIABILITY COMPANY
 HARSCO MINERALS
TECHNOLOGIES LLC
 HARSCO FINANCIAL HOLDINGS, INC.

		
	By:	 	 /s/ Michael H. Kolinsky

	Name:	 	Michael H. Kolinsky
	Title:	 	President
	
	 HARSCO MINNESOTA LLC

HARSCO TECHNOLOGIES LLC

		
	By:	 	 /s/ Daniel G. King

	Name:	 	Daniel G. King
	Title:	 	President
	
	 HARSCO RAIL, LLC
 HARSCO
METRO RAIL, LLC

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Vice President and Secretary

 
			
	 CEHI ACQUISITION, LLC 

(formerly known as: CEHI ACQUISITION CORPORATION) 

		
	By:	 	 /s/ Michael H. Kolinsky

	Name:	 	Michael H. Kolinsky
	Title:	 	President
	
	 CLEAN EARTH HOLDINGS, LLC 

(formerly known as: CLEAN EARTH HOLDINGS, INC.)

		
	By:	 	 /s/ Michael H. Kolinsky

	Name:	 	Michael H. Kolinsky
	Title:	 	President
	
	 CEI HOLDING, LLC 
 (formerly
known as: CEI HOLDING CORPORATION)

		
	By:	 	 /s/ Michael H. Kolinsky

	Name:	 	Michael H. Kolinsky
	Title:	 	President
	
	 CLEAN EARTH, LLC 
 (formerly
known as: CLEAN EARTH, INC.)

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	ADVANCED REMEDIATION & DISPOSAL TECHNOLOGIES OF DELAWARE, LLC
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary

 [Signature Page to Amendment No. 6] 

 
			
	 ALLIED ENVIRONMENTAL GROUP, LLC

CLEAN EARTH OF CARTERET, LLC

CLEAN EARTH DREDGING TECHNOLOGIES, LLC

CLEAN EARTH OF GEORGIA, LLC

CLEAN EARTH OF GREATER WASHINGTON, LLC

CLEAN EARTH OF MARYLAND, LLC
 CLEAN EARTH OF NEW CASTLE,
LLC
 CLEAN EARTH OF NORTH JERSEY, INC.
 CLEAN
EARTH OF PHILADELPHIA, LLC
 CLEAN EARTH OF SOUTHEAST PENNSYLVANIA, LLC

CLEAN EARTH OF SOUTHERN FLORIDA, LLC

CLEAN EARTH OF WILLIAMSPORT, LLC
 CLEAN EARTH OF
MICHIGAN, LLC 
 By: CLEAN EARTH, LLC. (formerly known as: CLEAN EARTH, INC.) its Sole Member

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary                                    
                                        
	
	 CLEAN EARTH ENVIRONMENTAL

SERVICES, INC.

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	CLEAN ROCK PROPERTIES LTD.
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	AES ASSET ACQUISITION CORPORATION
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary

 [Signature Page to Amendment No. 6] 

 
			
	CLEAN EARTH OF ALABAMA, INC.
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	REAL PROPERTY ACQUISITION LLC
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	AERC ACQUISITION CORPORATION 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	MKC ACQUISITION CORPORATION 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	ENVIRONMENTAL SOIL MANAGEMENT, INC. 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary

 [Signature Page to Amendment No. 6] 

 
			
	 ENVIRONMENTAL SOIL MANAGEMENT OF

NEW YORK, LIMITED LIABILITY COMPANY

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	GARDNER ROAD OIL, LLC 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	CLEAN EARTH MOBILE SERVICES, LLC 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	CALRISSIAN HOLDINGS, LLC 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	ALTEK, L.L.C. 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary

 [Signature Page to Amendment No. 6] 

 
			
	 CITIBANK, N.A.,
 as
Administrative Agent and an Issuing Lender

		
	By:	 	 /s/ Matthew Burke

	Name:	 	Matthew Burke
	Title:	 	Managing Director and Vice President

 [Signature Page to Amendment No. 6] 

 [CONSENTING LENDERS SIGNATURE PAGES ON FILE WITH THE ADMINISTRATIVE AGENT] 

 CONSENT AND REAFFIRMATION 

Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment Agreement (the “Amendment
Agreement”), dated as of June 26, 2020, which amends the Third Amended and Restated Credit Agreement dated as of November 2, 2016 (as amended by Amendment No. 1 to Credit Agreement, dated as of December 8, 2017,
Amendment No. 2 to Credit Agreement, dated as of June 18, 2018, Amendment No. 3 to Credit Agreement, dated as of June 18, 2018, Amendment No. 4 to Credit Agreement dated as of June 28, 2019, and Amendment No. 5 to
Credit Agreement, dated as of March 31, 2020, the “Existing Credit Agreement”), among Harsco Corporation, a Delaware corporation, Citibank, N.A., as Administrative Agent, and the several lenders from time to time party thereto.
Capitalized terms used in this Consent and Reaffirmation and not defined herein shall have the meanings given to them in the Amended Credit Agreement (as defined in the Amendment Agreement). In connection with the execution and delivery of the
Amendment Agreement, each of the undersigned, except as expressly set forth in the Amendment Agreement, (i) ratifies and affirms all the provisions in the Amended Credit Agreement, the Guarantee and Collateral Agreement and the other Loan
Documents, (ii) agrees that the terms and conditions of the Loan Documents, including the security provisions set forth therein, shall continue in full force and effect as amended thereby, and shall not be impaired or limited by the execution
or effectiveness of the Amendment Agreement and (iii) acknowledges and agrees that the Collateral continues to secure, to the fullest extent possible in accordance with the Amended Credit Agreement and the Guarantee and Collateral Agreement,
the payment and performance of all Obligations. All references in the Loan Documents to (i) the “Credit Agreement” shall hereafter mean and refer to the Existing Credit Agreement as amended pursuant to the Amendment Agreement and
(ii) the term “Obligations” shall hereafter mean and refer to the Obligations as redefined in the Amended Credit Agreement and shall include all additional Obligations resulting from or incurred pursuant to the Amended Credit
Agreement. 
 The terms and conditions of the Guarantee and Collateral Agreement and the other Security Documents are hereby reaffirmed by
the Subsidiary Guarantors. 
 Dated: June 26, 2020 

[Signature Pages Follow] 

 
			
	 HARSCO CORPORATION,
 as
Borrower

		
	By:	 	 /s/ Peter F. Minan

	Name:	 	Peter F. Minan
	Title:	 	 Senior Vice President and Chief
 Financial
Officer

	
	 HARSCO DEFENSE HOLDING LLC

HARSCO MINNESOTA FINANCE, INC.
 PROTRAN TECHNOLOGY
LIMITED
 LIABILITY COMPANY
 HARSCO MINERALS
TECHNOLOGIES LLC
 HARSCO FINANCIAL HOLDINGS, INC.

		
	By:	 	 /s/ Michael H. Kolinsky

	Name:	 	Michael H. Kolinsky
	Title:	 	President
	
	 HARSCO MINNESOTA LLC

HARSCO TECHNOLOGIES LLC

		
	By:	 	 /s/ Daniel G. King

	Name:	 	Daniel G. King
	Title:	 	President
	
	 HARSCO RAIL, LLC
 HARSCO
METRO RAIL, LLC

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Vice President and Secretary

 [Signature Page to Consent and Reaffirmation] 

 
			
	 CEHI ACQUISITION, LLC 

(formerly known as: CEHI ACQUISITION CORPORATION) 

		
	By:	 	 /s/ Michael H. Kolinsky

	Name:	 	Michael H. Kolinsky
	Title:	 	President
	
	 CLEAN EARTH HOLDINGS, LLC 

(formerly known as: CLEAN EARTH HOLDINGS, INC.) 

		
	By:	 	 /s/ Michael H. Kolinsky

	Name:	 	Michael H. Kolinsky
	Title:	 	President
	
	 CEI HOLDING, LLC 
 (formerly
known as: CEI HOLDING CORPORATION)

		
	By:	 	 /s/ Michael H. Kolinsky

	Name:	 	Michael H. Kolinsky
	Title:	 	President
	
	 CLEAN EARTH, LLC 
 (formerly
known as: CLEAN EARTH, INC.)

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	ADVANCED REMEDIATION & DISPOSAL TECHNOLOGIES OF DELAWARE, LLC
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary

 [Signature Page to Consent and Reaffirmation] 

 
			
	 ALLIED ENVIRONMENTAL GROUP, LLC

CLEAN EARTH OF CARTERET, LLC

CLEAN EARTH DREDGING TECHNOLOGIES, LLC CLEAN EARTH OF GEORGIA, LLC

CLEAN EARTH OF GREATER WASHINGTON, LLC

CLEAN EARTH OF MARYLAND, LLC
 CLEAN EARTH OF NEW CASTLE,
LLC
 CLEAN EARTH OF NORTH JERSEY, INC.
 CLEAN
EARTH OF PHILADELPHIA, LLC
 CLEAN EARTH OF SOUTHEAST PENNSYLVANIA, LLC

CLEAN EARTH OF SOUTHERN FLORIDA, LLC

CLEAN EARTH OF WILLIAMSPORT, LLC
 CLEAN EARTH OF
MICHIGAN, LLC 
 By: CLEAN EARTH, LLC. (FORMERLY KNOWN AS: CLEAN EARTH, INC.) its Sole Member

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	 CLEAN EARTH ENVIRONMENTAL

SERVICES, INC.

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	CLEAN ROCK PROPERTIES LTD.
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	AES ASSET ACQUISITION CORPORATION
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary                                    
                                      

 [Signature Page to Consent and Reaffirmation] 

 
			
	CLEAN EARTH OF ALABAMA, INC.
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	REAL PROPERTY ACQUISITION LLC
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	AERC ACQUISITION CORPORATION 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	MKC ACQUISITION CORPORATION 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	ENVIRONMENTAL SOIL MANAGEMENT, INC. 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary

 [Signature Page to Consent and Reaffirmation] 

 
			
	 ENVIRONMENTAL SOIL MANAGEMENT OF

NEW YORK, LIMITED LIABILITY COMPANY

		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	GARDNER ROAD OIL, LLC 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	CLEAN EARTH MOBILE SERVICES, LLC 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	CALRISSIAN HOLDINGS, LLC 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary
	
	ALTEK, L.L.C. 
		
	By:	 	 /s/ Jon S. Ploetz

	Name:	 	Jon S. Ploetz
	Title:	 	Secretary

 [Signature Page to Consent and Reaffirmation]a101separationagreement

Mark A. Rossi Amendment  No. I to Separation Agreement June 15, 2020 Page 1 of 3                 AMENDMENT        NO.  1 TO THE   SEPARATION      AGREEMENT                 Between  Bank of Hawaii and Mark A. Rossi dated January 27, 2020  Whereas, Mark A. Rossi (“you” or “your”) of 198 Polihale Place, Honolulu, Hawaii 96825, and Bank of Hawaii Corporation and Bank of Hawaii (collectively, the “Bank”) of 130 Merchant Street, Honolulu, Hawaii 96813, previously entered into a Separation Agreement (“Agreement”) dated January 27, 2020, to describe the terms of your separation from employment with the Bank.  Whereas, the Agreement contemplates that your employment with the Bank will end on July 1, 2020, however, you and the Bank have subsequently agreed that your employment with the Bank will continue until December 31, 2020.  Whereas, both you and the Bank desire to amend the Agreement to reflect your new term of employment, and pursuant to paragraph 13e of the Agreement, the Agreement may be amended in writing signed by both you and the Bank.  Now, therefore, the Agreement shall be amended as follows, effective as of the date this Amendment No. I has been executed by both you and the Bank (“Effective Date”):   1. As of the Effective Date, Section 1 of the Agreement shall be revised by replacing “July 1,2020”    with December  31, 2020, or a later date as mutually agreed by you and the Bank”.  2. As of the Effective Date, the following Section 5A shall be added following Section 5 of the    Agreement:         5A.Retention Payment  and Club Memberships.   In consideration of your acceptance of the           terms of this Agreement and your continued employment with the Bank until           December  31, 2020, and conditioned upon your waiver and release of claims up to your           Separation Date, the Bank will provide you with a Retention Payment of Six Thousand           dollars ($6,000.00), less customary payroll deductions.            Paragraph Sb notwithstanding, reimbursement for Club dues and expenses will continue until           your Separation Date, in accordance with regLilar Bank practices for reimbursement.            Payment  of Retention Payment. The Retention Payment will be paid to you in the form of a           lump sum  payment no later than two and one-half months following December 31, 2020.           The payment  of the Retention Payment is intended to be in accordance with the “short term           deferral” exception under Treasury Regulation Section 1.409A-1(b)(4)(i)(A).            If you are offered reemployment by the Bank within twelve (12) full months following the           Separation Date, such reemployment may be contingent upon your repayment of the           Retention Payment on a pro rata basis to the Bank.            The Retention Payment is expressly conditioned upon (a) your continued employment with           the Bank until December 31, 2020, (b) your agreement to waive and release claims arising           out of or related to your employment up to your Separation Date, and (c) your fulfillment of

 

    _________________________________________   Mark A. Rossi Amendment  No. I to Separation Agreement June 15, 2020 Page 2 of 3             all conditions for receipt of the Consideration in paragraph 5a. However, if your Separation           Date is prior to December 31, 2020, and you otherwise meet the conditions for receipt of the           Retention Payment, you will be provided with a pro-rated portion of the Retention Payment           (based upon your employment during the period July 1.2020, to December 31, 2020), in lieu           of the full Retention Payment amount.  BANK  OF  HAWAII   CORPORATION     and BANK  OF  HAWAII   By:                                                                 June 15, 2020     Ed Hudson                                                       Dated     Senior Executive Vice President     Chief People Officer   MARK   A. ROSS!                        ftL44i                                                     f     Zd2                                                                     ated

 

Mark A. Rossi Amendment  No. 1 to Separation Agreement June 15, 2020 Page 3 of 3                                         EXHIBIT      B                          [To be executed on  or after Separation Date]         WAIVER    AND  RELEASE    OF CLAIMS    THROUGH     SEPARATION     DATE         I agree that all applicable terms and conditions in my Waiver and Release of Claims set forth in paragraph 7 of the Agreement dated January 27, 2020, as amended, apply with respect to the period of my employment with the Bank from July 1, 2020 through the date of my separation from employment.  UNDERSTOOD      AND  AGREED:   Mark  A. Rossi                                    Dated          Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty one (21) day pre-exedution consideration period set forth in Older Workers Benefit Protection Act (29 U.S.C. § 626(1)(1)(F)(i)).   Mark A. Rossi                                     Dated

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