Document:

Exhibit 10.29

 

DIRECTOR NOMINATION AGREEMENT

 

DIRECTOR NOMINATION
AGREEMENT, dated as of June 16, 2015 (this “Agreement”), by and among Unique Fabricating, Inc., a Delaware corporation
(the “Company”), and Peninsula Fund V Limited Partnership (together with its Affiliates, as hereinafter defined, “Peninsula”).

 

WHEREAS, the Company
has determined that it is in its best interests to effect an initial public offering (“IPO”) of shares of common stock,
par value $.001 per share, of the Company (the “Common Stock”);

 

WHEREAS, upon completion
of the IPO, the Board of Directors of the Company (the “Board”) will be divided into three classes (each a “Class”)
and consist of seven directors, including one director nominated by Peninsula, who shall be a Class III director (such director
initially designated by Peninsula, and any individual subsequently identified by Peninsula in accordance with Section 2 below,
a “Peninsula Nominee”);

 

WHEREAS, the initial
term of the Class III directors will expire at the third annual meeting of Stockholders to be held after completion of the IPO,
and subsequent terms of Class III directors will expire every three years thereafter; and

 

WHEREAS, in connection
with the IPO, the Company desires to agree with Peninsula and Peninsula desires to enter into this Agreement with the Company,
setting forth certain rights and obligations with respect to the nomination of a director to the Board by Peninsula from and after
the IPO.

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be
legally bound, hereby agree as follows:

 

Section 1.          Definitions.
As used in this Agreement, the following terms shall have the meanings ascribed to them below:

 

“Affiliate”
means a Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common
control with, the Person specified.

 

“Bylaws”
means the Amended and Restated By-Laws of the Company, as may be amended from time to time.

 

“Certificate
of Incorporation” means the Amended and Restated Certificate of Incorporation of the Company, as may be amended from time
to time.

 

“Person”
means an individual, corporation, partnership, limited liability company, joint venture, association, trust or other entity or
organization, including a government or political subdivision or an agency or instrumentality thereof.

 

    	 

    	 

    

  

Section 2.           Board
Nomination.

 

(a)        From
and after the IPO, for so long as Peninsula beneficially owns a number of shares of Common Stock that represents at least 5% of
the outstanding shares of Common Stock, Peninsula shall have the right (but not the obligation) pursuant to this Agreement to nominate
for election to the Board one individual identified in advance in writing, and the Company shall include, and shall use its reasonable
best efforts to cause the Board, whether acting through any committee of the Board or otherwise, to include such Peninsula Nominee
in the slate of nominees recommended to stockholders of the Company (the “Stockholders”) for election as a director
at any annual or special meeting of the Stockholders (or, if permitted, by any action by written consent of the Stockholders) at
which directors of the Company of the Class of which a Peninsula Nominee is a member are to be elected.

 

(b)        Any
vacancy arising through the death, resignation or removal of a Peninsula Nominee who was nominated to the Board pursuant to this
Section 2, may be filled by the Board only with a Peninsula Nominee, as applicable, and the director so chosen shall hold office
until the election at which directors of the Class to which the Peninsula Nominee has been appointed are to be elected and until
his or her successor is duly elected and qualified, or until his or her earlier death, resignation or removal.

 

(c)        Notwithstanding
the provisions of this Section 2, Peninsula shall not be entitled to designate a Person as a nominee to the Board upon a written
determination by the Board or any committee thereof responsible for the nomination of directors (which determination shall set
forth in writing reasonable grounds for such determination) that such Person would not be qualified under any applicable law, rule
or regulation to serve as a director of the Company. In such an event, Peninsula shall be entitled to select a Person as a replacement
nominee and the Company shall use its reasonable best efforts, and use its reasonable best efforts to cause the Board, whether
acting through any committee of the Board or otherwise, to cause such Person to be nominated as the Peninsula Nominee at the same
meeting (or, if permitted, pursuant to the same action by written consent of the Stockholders) as such initial Person was to be
nominated. Other than with respect to the issue set forth in the preceding sentence, the Company shall not have the right to object
to any Peninsula Nominee.

 

(d)        So
long as a Peninsula beneficially owns a number of shares of Common Stock that represents at least 5% of the outstanding shares
of Common Stock, the Company shall notify Peninsula in writing of the date on which proxy materials are expected to be mailed by
the Company in connection with an election of directors at an annual or special meeting of the Stockholders at which directors
of the Class including the Peninsula Nominee is to be elected (and the Company shall deliver such notice at least 60 days (or such
shorter period to which Peninsula consents, which consent need not be in writing) prior to such expected mailing date or such earlier
date as may be specified by the Company reasonably in advance of such earlier delivery date on the basis that such earlier delivery
is necessary so as to ensure that such nominee may be included in such proxy materials at the time such proxy materials are mailed).
The Company shall provide Peninsula with a reasonable opportunity to review and provide comments on any portion of the proxy materials
relating to Peninsula or the rights and obligations provided under this Agreement and to discuss any such comments with the Company.

 

    	2

    	 

    

  

(e)        In
the event that Peninsula loses its right to nominate a Peninsula Nominee pursuant to this Agreement by virtue of ceasing to hold
the requisite number of shares of Common Stock, Peninsula shall use its reasonable best efforts to cause its Peninsula Nominee
to resign from the Board immediately prior to such time as a replacement director is nominated or elected by the Board or the Company’s
stockholders.

 

(f)         So
long as this Agreement shall remain in effect, subject to applicable legal requirements, the Bylaws and the Certificate of Incorporation
shall accommodate and be subject to and not in any respect conflict with the rights and obligations set forth herein.

 

Section 3.           Miscellaneous.

 

(a)        Governing
Law. This Agreement and the rights and obligations of the parties hereunder and the Persons subject hereto shall be governed by,
and construed and interpreted in accordance with, the laws of the State of Delaware, without giving effect to the choice of law
principles thereof.

 

(b)        Enforcement.
Each of the parties agrees that in the event of a breach of any provision of this Agreement, the aggrieved party may elect to institute
and prosecute proceedings in any court of competent jurisdiction to enforce specific performance or to enjoin the continuing breach
of this Agreement. Such remedies shall, however, be cumulative and not exclusive, and shall be in addition to any other remedy
which any party hereto may have. Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction of the state and
federal courts in New York for the purposes of any suit, action or other proceeding arising out of or based upon this Agreement
or the subject matter hereof.

 

(c)        Entire
Agreement; Termination. This Agreement constitutes the full and entire understanding and agreement between the parties with regard
to the subject matter hereof and supersedes all prior oral or written (and all contemporaneous oral) agreements or understandings
with respect to the subject matter hereof. This Agreement shall cease to be binding or effective against Peninsula (except with
respect to Peninsula’s obligations pursuant to Section 2(e) relating to the resignation of the Peninsula Nominee), and Peninsula
shall cease to have any rights hereunder, at such time as Peninsula ceases to beneficially own at least 5% of the shares of Common
Stock outstanding.

 

(d)        Notices.
All notices, requests, demands, waivers and other communications required or permitted to be given under this Agreement shall be
in writing and shall be deemed to have been duly given if (a) delivered personally, (b) mailed, certified or registered mail with
postage prepaid, (c) sent by next-day or overnight mail or delivery or (d) sent by fax, as set forth below (or to such other address
as the party entitled to notice shall hereafter designate in accordance with the terms hereof). All such notices, requests, demands,
waivers and other communications shall be deemed to have been received by (w) if by personal delivery, on the day delivered, (x)
if by certified or registered mail, on the fifth business day after the mailing thereof, (y) if by next-day or overnight mail or
delivery, on the day delivered, or (z) if by fax, on the day delivered, provided that such delivery is confirmed.

 

    	3

    	 

    

  

If to the Company:

 

Unique Fabricating, Inc.

800 Standard Parkway

Auburn Hills, Michigan 48326

Attention: John Weinhardt, President

Telephone: (248) 853-2333

Facsimile:

Email: jweinhardt@uniquefab.com

 

With copies (which shall not constitute
notice) to:

 

Sills Cummis & Gross P.C.

One Riverfront Plaza

Newark, New Jersey 07102

Attention: Ira A. Rosenberg

Telephone: (973) 643-7000

Facsimile: (973) 643-6500

Email: irosenberg@sillscummis.com

 

If to Peninsula:

 

The Peninsula Fund V Limited Partnership

c/o Peninsula Capital Partners L.L.C.

500 Woodward Avenue, Suite 2800

Detroit, Michigan 48226

Attention: Scott A. Reilly, President

Telephone: (313) 237-5100

Facsimile: (313) 237-5111

Email: reilly@peninsulafunds.com

 

With copies (which shall not constitute
notice) to:

 

Dickinson Wright PLLC

500 Woodward Avenue, Suite 4000

Detroit, Michigan 48226

Attention: Richard M. Bolton, Esq.

Telephone: (313) 223-3598

Facsimile: (313) 223-3648

Email: rbolton@dickinsonwright.com

 

(e)          Waiver.
Waiver by any party hereto of any breach or default by the other party of any of the terms of this Agreement shall not operate
as a waiver of any other breach or default, whether similar to or different from the breach or default waived. No waiver of any
provision of this Agreement shall be implied from any course of dealing between the parties hereto or from any failure by either
party to assert its or his or her rights hereunder on any occasion or series of occasions.

 

    	4

    	 

    

  

(f)         Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which together
shall constitute one and the same instrument.

 

(g)        Headings.
The headings to sections in this Agreement are for the convenience of the parties only and shall not control or affect the meaning
or construction of any provision hereof.

 

(h)        Invalidity
of Provision. The invalidity or unenforceability of any provision of this Agreement in any jurisdiction shall not affect the validity
or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of this Agreement,
including that provision, in any other jurisdiction.

 

(i)         Amendments
and Waivers. The provisions of this Agreement may be amended at any time and from time to time, and particular provisions of this
Agreement may be waived or modified, with and only with an agreement or consent in writing signed by each of the parties hereto
who then have rights hereunder pursuant to Section 4(f) hereof.

 

(j)          Further
Assurances. Each party hereto shall do and perform or cause to be done and performed all such further acts and things and shall
execute and deliver all such other agreements, certificates, instruments and documents as any other party hereto or Person subject
hereto may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement.

 

(k)         Third
Party Beneficiaries. This Agreement is not intended to, and does not, confer upon any Person other than the parties hereto any
rights or remedies.

 

[Remainder of Page Intentionally Left
Blank]

 

    	5

    	 

    

 

 

IN WITNESS WHEREOF
this Agreement has been signed by each of the parties hereto, and shall be effective as of the date first above written.

 

	 	UNIQUE FABRICATING, INC.
	 	 	 
	 	By:	/s/ Richard L. Baum, Jr.
	 	Name:	 Richard L. Baum, Jr.
	 	Title:	 Chairman
	 	 	 
	 	PENINSULA FUND V LIMITED PARTNERSHIP
	 	By: Peninsula Fund V Management L.L.C.
	 	Its:  General Partner
	 	 	 
	 	By: Peninsula Capital Partners L.L.C.
	 	Its:  Manager
	 	 	 
	 	By:	/s/ Scott A. Reilly
	 	Scott A. Reilly
	 	President and Chief Investment Officer

 

    	6Exhibit 10.1

 

FIRST AMENDMENT TO CREDIT AGREEMENT
 AND OTHER LOAN DOCUMENTS

 

THIS FIRST AMENDMENT TO CREDIT AGREEMENT AND OTHER LOAN DOCUMENTS (this “Amendment”), dated as of June 22, 2015, by and among CYRUSONE LP, a Maryland limited partnership (“Borrower”), CYRUSONE INC., a Maryland corporation (“REIT”), CYRUSONE GP, a Maryland statutory trust (“General Partner”), CYRUSONE LLC, a Delaware limited liability company (“LLC”), CYRUSONE TRS INC., a Delaware corporation (“TRS”), CYRUSONE FOREIGN HOLDINGS LLC, a Delaware limited liability company (“Foreign Holdings”), CYRUSONE FINANCE CORP., a Maryland corporation (“Finance”; REIT, General Partner, LLC, TRS, Foreign Holdings and Finance are sometimes hereinafter referred to individually as “Guarantor” and collectively as “Guarantors”), KEYBANK NATIONAL ASSOCIATION (“KeyBank”) and the other Lenders a party hereto (collectively, the “Lenders”), and KeyBank as Agent for itself and the other Lenders from time to time a party to the Credit Agreement (as hereinafter defined) (KeyBank, in its capacity as Agent, is hereinafter referred to as “Agent”).

 

W I T N E S S E T H:

 

WHEREAS, the Borrower, Agent and the Lenders (other than New Lender (as hereinafter defined)) are parties to that certain Credit Agreement dated as of October 9, 2014 (as the same may be varied, extended, supplemented, consolidated, replaced, increased, renewed, modified or amended from time to time, the “Credit Agreement”);

 

WHEREAS, the Guarantors executed and delivered to Agent and the Lenders that certain Guaranty dated as of October 9, 2014 (as the same may be varied, extended, supplemented, consolidated, replaced, increased, renewed, modified or amended from time to time, the “Guaranty”);

 

WHEREAS, the Borrower and the Guarantors have requested that the Agent and the Lenders make certain modifications to the Credit Agreement and Agent and the Lenders have consented to such modifications, subject to the execution and delivery of this Amendment.

 

NOW, THEREFORE, for and in consideration of the sum of TEN and NO/100 DOLLARS ($10.00), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby covenant and agree as follows:

 

1.                                      Definitions.  Capitalized terms used in this Amendment, but which are not otherwise expressly defined in this Amendment, shall have the respective meanings given thereto in the Credit Agreement.

 

2.                                      Modifications of the Credit Agreement.  The Borrower, Agent and the Lenders do hereby modify and amend the Credit Agreement as follows:

 

(a)                                 By inserting the following definitions in §1.1 of the Credit Agreement in the appropriate alphabetical order:

 

“Cervalis.  Cervalis Holdings LLC, a Delaware limited liability company.

 

 

Cervalis Acquisition.  The acquisition by a Wholly-Owned Subsidiary of the Borrower of 100% of the outstanding equity interest of Cervalis pursuant to the terms of the Cervalis Acquisition Agreement.

 

Cervalis Acquisition Agreement.  That certain Agreement and Plan of Merger, dated as of April 28, 2015, among the Borrower, Jupiter Merger Sub, LLC, LDG Holdings LLC, as Seller Representative, and Cervalis, as amended, modified or supplemented from time to time.”

 

(b)                                 By deleting in its entirety the definition of “Commitment Increase” appearing in §1.1 of the Credit Agreement, and inserting in lieu thereof the following:

 

“Commitment Increase.  An increase in the Total Revolving Credit Commitment and/or Total Term Loan Commitment to an aggregate Total Commitment of not more than $1,200,000,000.00 pursuant to §2.11.”

 

(c)                                  By deleting in its entirety subparagraph (b) of the definition of Change of Control appearing in §1.1 of the Credit Agreement, and inserting in lieu thereof the following:

 

“(b)                           As of any date a majority of the Board of Directors or Trustees or similar body (the “Board”) of REIT consists of individuals who were not either (i) directors or trustees of REIT as of the corresponding date of the previous year, or (ii) selected or nominated to become directors or trustees by the Board of REIT of which a majority consisted of individuals described in clause (b)(i) above, or (iii) selected or nominated to become directors or trustees by the Board of REIT, which majority consisted of individuals described in clause (b)(i) above and individuals described in clause (b)(ii), above;”

 

(d)                                 By deleting in its entirety the definition of “Federal Funds Effective Rate” appearing in §1.1 of the Credit Agreement, and inserting in lieu thereof the following:

 

“Federal Funds Effective Rate.  For any day, the rate per annum (rounded upward to the nearest one-hundredth of one percent (1/100 of 1%)) announced by the Federal Reserve Bank of Cleveland on such day as being the weighted average of the rates on overnight federal funds transactions arranged by federal funds brokers on the previous trading day, as computed and announced by such Federal Reserve Bank in substantially the same manner as such Federal Reserve Bank computes and announces the weighted average it refers to as the “Federal Funds Effective Rate.”  Notwithstanding the foregoing, if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed zero for the purposes of this Agreement.”

 

(e)                                  By deleting the words “Total Asset Value” in the definition of “Material Subsidiary” appearing in §1.1 of the Credit Agreement, and inserting in lieu thereof the words “Gross Asset Value”.

 

(f)                                   By deleting in its entirety the penultimate sentence in the definition of “Unencumbered Asset Value” appearing in §1.1 of the Credit Agreement, and inserting in lieu thereof the following:

 

“For purposes of this definition, to the extent that Unencumbered Asset Value attributable to Leased Properties would exceed fifteen percent (15%) of the

 

 

Unencumbered Asset Value, or attributable to Development Properties would exceed fifteen percent (15%) (or, after December 31, 2016, ten percent (10%)) of the Unencumbered Asset Value, then in each case such excess shall be excluded.”

 

(g)                                  By deleting the following parenthetical in the definition of “Unencumbered Net Operating Income” appearing in §1.1 of the Credit Agreement:  “(or, after December 31, 2016, 10% of aggregate Unencumbered Net Operating Income)”.

 

(h)                                 By deleting in its entirety the first (1st) sentence of §2.11(a) of the Credit Agreement, and inserting in lieu thereof the following:

 

“(a)                           Provided that no Default or Event of Default has occurred and is continuing, subject to the terms and conditions set forth in this §2.11, Borrower shall have the option at any time and from time to time before the date which is ninety (90) days prior to the Revolving Credit Maturity Date or the Term Loan Maturity Date to request by delivery of written notice to Agent an increase in the Total Revolving Credit Commitment and/or the Total Term Loan Commitment, by an aggregate amount of increases to the Total Revolving Credit Commitment and the Total Term Loan Commitment of up to $600,000,000 (which, assuming no previous reduction in the Revolving Credit Commitments or the Term Loan Commitments, would result in a maximum Total Commitment of $1,200,000,000) (an “Increase Notice”; and the amount of such requested increase is the “Commitment Increase”).”

 

(i)                                     By deleting the word “and” at the end of clause (i) of §8.3 of the Credit Agreement, by deleting the period at the end of clause (j) of §8.3 of the Credit Agreement and inserting in lieu thereof “; and” and by inserting a new clause (k) immediately following clause (j) of §8.3 of the Credit Agreement as follows:

 

“(k)                           upon the consummation of the Cervalis Acquisition, any loan or extension of credit by any Subsidiary of Borrower to a customer in connection with the customized fit-out of such customer’s cage space at the property located at 50 Madison Road, Totowa, New Jersey not to exceed the principal amount of $3,500,000 outstanding at any time.”

 

(j)                                    By deleting in its entirety Schedule 1.1 attached to the Credit Agreement, and inserting in lieu thereof Schedule 1.1 attached hereto.

 

(k)                                 By deleting Schedule 6.20(d) of the Credit Agreement in its entirety, and inserting in lieu thereof Schedule 6.20(d) attached hereto.

 

(l)                                     By deleting the word “or” at the end of clause (C) of Section §7.22(a)(i)(y) of the Credit Agreement and inserting the following new clause (E) of §7.22(a)(i)(y) of the Credit Agreement immediately after the word “Document” at the end of clause (D) of §7.22(a)(i)(y) of the Credit Agreement and before the parenthetical clause in which “Negative Pledge” is defined:

 

“, or (E) restrictions in a Ground Lease or Lease contained in such Ground Lease or Lease which is approved by the Majority Lenders in connection with the addition of the applicable Eligible Real Estate as an Unencumbered Property”

 

 

3.                                      Modification of the Guaranty.  Guarantors, Agent and Lenders do hereby modify and amend the Guaranty by deleting the words and numbers “Nine Hundred Fifty Million and No/100 Dollars ($950,000,000.00)” appearing in the sixth (6th) line of Paragraph A of the Guaranty, appearing on page 1 thereof, and inserting in lieu thereof the words and numbers “One Billion Two Hundred Million and No/100 Dollars ($1,200,000,000.00)”.

 

4.                                      Commitments; New Lender.

 

(a)                                 As of the “Effective Date” (as hereinafter defined) of this Amendment and following satisfaction of all conditions thereto as provided herein, the amount of each Lender’s Revolving Credit Commitment, Term Loan Commitment and Commitment shall be the amount set forth on Schedule 1.1 attached hereto.  In connection with the Commitment Increase, each existing Lender shall be issued on the Effective Date a replacement Revolving Credit Note and/or Term Loan Note in the principal face amount of its Revolving Credit Commitment or Term Loan Commitment, as applicable, which will be a “Revolving Credit Note” or “Term Loan Note”, as applicable, under the Credit Agreement.  Each such Note shall provide that it is a replacement for the existing Revolving Credit Note or Term Loan Note, as applicable, of each such Lender, and following the Effective Date each existing Lender will promptly return to Borrower its existing Note that is being replaced marked “Replaced”.  Each Revolving Credit Lender shall on the Effective Date be issued a Bid Loan Note in the face amount of the new Bid Loan Sublimit and following the Effective Date each Revolving Credit Lender shall promptly return to the Borrower its existing Bid Loan Note marked “Replaced”.

 

(b)                                 In connection with the increase of the Revolving Credit Commitment and the Term Loan Commitment pursuant to this Amendment and §2.11 of the Credit Agreement, Woodforest National Bank (“New Lender”) shall on the Effective Date be issued a Revolving Credit Note and Term Loan Note in the principal face amount of its Revolving Credit Commitment and Term Loan Commitment, respectively, which will be a “Revolving Credit Note” or “Term Loan Note”, as applicable, under the Credit Agreement, and on the Effective Date New Lender shall be a Lender under the Credit Agreement.  New Lender makes and confirms to the Agent and the other Lenders all of the representations, warranties and covenants of a Lender under Articles 14 and 18 of the Loan Agreement.  Without limiting the foregoing, New Lender (a) represents and warrants that it is legally authorized to, and has full power and authority to, enter into this Amendment and perform its obligations under this Amendment, the Credit Agreement and the other Loan Documents; (b) confirms that it has received copies of such documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment and become a party to the Credit Agreement; (c) agrees that it has made its own decision to become a Lender under the Credit Agreement without reliance upon any Lender, Agent, Titled Agent or any affiliate or subsidiary of any thereof, and has and will, independently and without reliance upon any Lender, the Agent, any Titled Agent or any affiliate or subsidiary of any thereof and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in evaluating the Loans, the Loan Documents, the creditworthiness of the Borrower and the Guarantors and the value of any assets of the Borrower and the Guarantors, and taking or not taking action under the Loan Documents; (d) appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers as are reasonably incidental thereto pursuant to the terms of the Loan Documents; (e) agrees that, by this Amendment, New Lender has become a party to and will perform in accordance with their terms all the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender; (f) represents and warrants that New Lender is not a Person controlling, controlled by or under common control with, or which is not

 

 

otherwise free from influence or control by, any of the Borrower, REIT or any other Guarantor and is not a Defaulting Lender or an Affiliate of a Defaulting Lender and (g) New Lender has a net worth or unfunded capital commitment as of the date hereof of not less than $100,000,000.00 unless waived in writing by Borrower and Agent.

 

(c)                                  By its signature below, New Lender hereby agrees from and after the Effective Date to perform all obligations as a Lender and with respect to its Revolving Credit Commitment and Term Loan Commitment as set forth in this Amendment, the Credit Agreement and the other Loan Documents, as if New Lender were an original Lender and signatory to the Credit Agreement, which obligations shall include, but shall not be limited to, the obligation to make Revolving Credit Loans, Term Loans and Bid Loans to the Borrower with respect to its Revolving Credit Commitment and Term Loan Commitment as required under the Credit Agreement, the obligation to pay amounts due in respect of Swing Loans as set forth in §2.5 of the Credit Agreement, the obligation to pay amounts due in respect of draws under Letters of Credit as required under §2.10 of the Credit Agreement, and in any case the obligation to indemnify the Agent as provided therein.  New Lender acknowledges and confirms that its address for notices and LIBOR Lending Office for Revolving Credit Loans, Term Loans and Bid Loans is as set forth on the signature pages hereto.

 

(d)                                 On the Effective Date of this Amendment the outstanding principal balance of the Revolving Credit Loans shall be reallocated among the Revolving Credit Lenders such that the outstanding principal amount of Revolving Credit Loans owed to each Revolving Credit Lender shall be equal to such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the outstanding principal amount of all Revolving Credit Loans.  The participation interests of the Revolving Credit Lenders in Swing Loans and Letters of Credit shall be similarly adjusted.  On the Effective Date, each of those Revolving Credit Lenders whose Revolving Credit Commitment Percentage is increasing shall advance the funds to the Agent and the funds so advanced shall be distributed among the Revolving Credit Lenders whose Revolving Credit Commitment Percentage is decreasing as necessary to accomplish the required reallocation of the outstanding Revolving Credit Loans.

 

(e)                                  On the Effective Date of this Amendment, the New Lender and the Term Loan Lenders whose Term Loan Commitment is increasing shall advance, in accordance with the terms of the Credit Agreement, the amount of the increase in its Term Loan Commitment, which shall then be Term Loans under the Credit Agreement.

 

5.                                      References to Credit Agreement and Guaranty.  All references in the Loan Documents to the Credit Agreement and Guaranty shall be deemed a reference to the Credit Agreement and Guaranty as modified and amended herein.

 

6.                                      Consent of Guarantors.  By execution of this Amendment, Guarantors hereby expressly consent to the modifications and amendments relating to the Credit Agreement as set forth herein, the Notes and the amendment to the Agreement Regarding Fees executed contemporaneously herewith, and Borrower and Guarantors hereby acknowledge, represent and agree that the Credit Agreement, as modified and amended herein, and the other Loan Documents (including without limitation the Guaranty) remain in full force and effect and constitute the valid and legally binding obligation of Borrower and Guarantors, respectively, enforceable against such Persons in accordance with their respective terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and the effect of general

 

 

principles of equity, and that the Guaranty extends to and applies to the foregoing documents as modified and amended.

 

7.                                      Representations.  Borrower and Guarantors represent and warrant to Agent and the Lenders as follows as of the date of this Amendment:

 

(a)                                 Authorization.  The execution, delivery and performance by the Borrower and the Guarantors of this Amendment, the Notes and the amendment to the Agreement Regarding Fees executed in connection herewith and the transactions contemplated hereby and thereby (i) are within the authority of Borrower and Guarantors, (ii) have been duly authorized by all necessary proceedings on the part of such Persons, (iii) do not and will not conflict with or result in any breach or contravention of any provision of law, statute, rule or regulation to which any of such Persons is subject or any judgment, order, writ, injunction, license or permit applicable to such Persons, (iv) do not and will not conflict with or constitute a default (whether with the passage of time or the giving of notice, or both) under any provision of the partnership agreement or certificate, certificate of formation, operating agreement, articles of incorporation or other charter documents or bylaws of, or any material agreement or other material instrument binding upon, any of such Persons or any of its properties, (v) do not and will not result in or require the imposition of any lien or other encumbrance on any of the properties, assets or rights of such Persons, and (vi) do not require any material approval or consent of any Person other than those already obtained and as are in full force and effect.

 

(b)                                 Enforceability.  This Amendment, the Notes and the amendment to the Agreement Regarding Fees executed in connection herewith are the valid and legally binding obligations of Borrower and Guarantors enforceable in accordance with the respective terms and provisions hereof and thereof, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and the effect of general principles of equity.

 

(c)                                  Approvals.  The execution, delivery and performance by the Borrower and the Guarantors of this Amendment, the Notes and the amendment to the Agreement Regarding Fees executed in connection herewith and the transactions contemplated hereby and thereby do not require the approval or consent of, or filing or registration with, or the giving of any notice to, any court, department, board, governmental agency or authority other than those already obtained and other than any disclosure filings with the SEC as may be required with respect to this Amendment.

 

(d)                                 Reaffirmation.  Borrower and the Guarantors reaffirm and restate as of the date hereof each and every representation and warranty made by the Borrower, the Guarantors and their respective Subsidiaries in the Loan Documents except for representations or warranties that expressly relate to an earlier date.  Each of the representations and warranties made by or on behalf of Borrower, Guarantors or any of their respective Subsidiaries contained in this Amendment, the Credit Agreement, the other Loan Documents or in any document or instrument delivered pursuant to or in connection with the Credit Agreement are true in all material respects as of the date as of which they were made and are true in all material respects as of the date hereof, with the same effect as if made at and as of that time, except to the extent of changes resulting from transactions permitted by the Loan Documents (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date).

 

 

(e)                                  No Default.  By execution hereof, the Borrower and Guarantors certify that the Borrower and Guarantors are and will be in compliance with all covenants under the Loan Documents immediately after the execution and delivery of this Amendment and the other documents executed in connection herewith, and that no Default or Event of Default has occurred and is continuing.

 

8.                                      Waiver of Claims.  Borrower and Guarantors acknowledge, represent and agree that Borrower and Guarantors as of the date hereof have no defenses, setoffs, claims, counterclaims or causes of action of any kind or nature whatsoever with respect to the Loan Documents, the administration or funding of the Loans or with respect to any acts or omissions of Agent or any Lender, or any past or present officers, agents or employees of Agent or any Lender, and each of Borrower and Guarantors does hereby expressly waive, release and relinquish any and all such defenses, setoffs, claims, counterclaims and causes of action, if any.

 

9.                                      Ratification.  Except as hereinabove set forth or in any other document previously executed or executed in connection herewith, all terms, covenants and provisions of the Credit Agreement, the Guaranty and the other Loan Documents remain unaltered and in full force and effect, and the parties hereto do hereby expressly ratify and confirm the Credit Agreement, the Guaranty and the other Loan Documents.  Nothing in this Amendment or the other documents executed in connection herewith shall be deemed or construed to constitute, and there has not otherwise occurred, a novation, cancellation, satisfaction, release, extinguishment or substitution of the indebtedness evidenced by the Notes or the other obligations of Borrower and Guarantors under the Loan Documents (including without limitation the Guaranty).  This Amendment shall constitute a Loan Document.

 

10.                               Counterparts.  This Amendment may be executed in any number of counterparts which shall together constitute but one and the same agreement.

 

11.                               Miscellaneous.  THIS AMENDMENT SHALL, PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1401, BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.  This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective permitted successors, successors-in-title and assigns as provided in the Credit Agreement.

 

12.                               Effective Date.  The obligations of the undersigned parties under Sections 2, 3 and 4 of this Amendment shall be deemed effective and in full force and effect (the “Effective Date”) only upon confirmation by the Agent of the satisfaction of the following conditions:

 

(a)                                 the execution and delivery of this Amendment by Borrower, Guarantors, Agent, New Lender, the Majority Lenders and each Lender whose Revolving Credit Commitment or Term Loan Commitment is increasing or decreasing pursuant to this Amendment (and the delivery to the Borrower of a copy of such fully-executed Amendment by the Agent shall be evidence of satisfaction of this condition);

 

(b)                                 the delivery to Agent of an opinion of counsel to the Borrower and the Guarantors addressed to the Agent and the Lenders dated as of the Effective Date covering such matters as the Agent may reasonably request;

 

 

(c)                                  the delivery to Agent of (i) a notarized acknowledgment of execution of this Amendment by the officer who executed this Amendment and (ii) a notarized acknowledgment of execution of the Notes by the officer who executed the Notes, each in form and substance reasonably satisfactory to Agent;

 

(d)                                 the delivery to Agent of a Revolving Credit Note and Term Loan Note duly executed by the Borrower in favor of New Lender and each Lender with a Revolving Credit Commitment or Term Loan Commitment in the amount set forth next to such Lender’s name on Schedule 1.1 attached hereto;

 

(e)                                  the delivery to Agent of a Bid Loan Note duly executed by Borrower in favor of each Revolving Credit Lender and New Lender in the amount of the new Bid Loan Sublimit;

 

(f)                                   receipt by Agent of evidence that the Borrower shall pay contemporaneously with the Effective Date all fees (including legal fees to the extent invoiced not less than one (1) day prior to the Effective Date) due and payable with respect to this Amendment and the Commitment Increase;

 

(g)                                  with respect to Borrower and each Guarantor, receipt by Agent of (i) such resolutions, secretary’s and incumbency certificates, and organizational documents (with those filed with a State certified by the appropriate State officer as of a recent date reasonably satisfactory to Agent), in each case as the Agent may reasonably request, which shall be delivered to Agent both in connection with the execution of this Amendment and again substantially contemporaneously with the Effective Date, and (ii) good standing certificates for their respective state of incorporation or formation issued not more than ten (10) days prior to the Effective Date, in each case as the Agent may reasonably request;

 

(h)                                 Borrower shall have delivered to Agent substantially contemporaneously with the Effective Date a reaffirmation that the representations and warranties in Paragraph 7 of this Amendment remain true and correct as if such representations and warranties are made as of the Effective Date, which reaffirmation shall be in form and substance reasonably satisfactory to Agent;

 

(i)                                     the receipt by Agent of evidence reasonably satisfactory to Agent that the Cervalis Acquisition shall be consummated and closed substantially contemporaneously with the Effective Date and that the proceeds advanced under Section 4(e) of this Amendment with respect to the increase of the Term Loan Commitments contemplated by the Amendment and the proceeds of any advances of Revolving Credit Loans requested by the Borrower to be funded on the Effective Date shall be used to finance all or part of the consideration due under the Cervalis Acquisition Agreement (the Borrower hereby agreeing to use such funds advanced on the Effective Date for such purpose); and

 

(j)                                    delivery to Agent substantially contemporaneously with the Effective Date of a Compliance Certificate, adjusted to give pro forma effect to the Cervalis Acquisition and the advance of the Loans to be made on the Effective Date, and evidencing compliance with the covenants described in §7.4(c) of the Credit Agreement.

 

Each Note delivered to Agent pursuant to this Amendment shall be dated the Effective Date, and Borrower hereby irrevocably authorizes Agent, upon the occurrence of the Effective Date, to

 

 

date each such Note as of the Effective Date.  Notwithstanding anything in this Paragraph 12 to the contrary, all conditions in this Paragraph 12 must be satisfied by Borrower on or before Noon (Cleveland time) on July 31, 2015, and if not this Amendment shall be void.

 

[CONTINUED ON NEXT PAGE]

 

 

IN WITNESS WHEREOF, the parties hereto, acting by and through their respective duly authorized officers and/or other representatives, have duly executed this Amendment under seal as of the day and year first above written.

 

	
 
    	
BORROWER:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
CYRUSONE LP, a Maryland limited partnership
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
CYRUSONE GP, a Maryland statutory trust, its general partner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
CyrusOne Inc., a   Maryland corporation, as its sole trustee
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
By:
    	
/s/ Kimberly H.   Sheehy
    
	
 
    	
 
    	
 
    	
Name:
    	
Kimberly H. Sheehy
    
	
 
    	
 
    	
 
    	
Title:
    	
CFAO
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
(SEAL)
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
GUARANTORS:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
CYRUSONE INC., a Maryland corporation
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kimberly H.   Sheehy
    
	
 
    	
Name:
    	
Kimberly H. Sheehy
    
	
 
    	
Title:
    	
CFAO
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
(SEAL)
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CYRUSONE GP, a Maryland statutory trust
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
CyrusOne Inc., a   Maryland corporation, as its sole trustee
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Kimberly H.   Sheehy
    
	
 
    	
 
    	
Name:
    	
Kimberly H. Sheehy
    
	
 
    	
 
    	
Title:
    	
CFAO
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
(SEAL)
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
CYRUSONE LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kimberly H.   Sheehy
    
	
 
    	
Name:
    	
Kimberly H. Sheehy
    
	
 
    	
Title:
    	
CFAO
    
	
 
    	
 
    
	
 
    	
 
    	
 
    	
(SEAL)
    
								

 

[Signatures Continue On Next Page]

 

[Signature Page to First Amendment to Credit Agreement – KeyBank/CyrusOne]

 

 

	
 
    	
CYRUSONE TRS INC., a Delaware corporation
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kimberly H.   Sheehy
    
	
 
    	
Name:
    	
Kimberly H. Sheehy
    
	
 
    	
Title:
    	
CFAO
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
(SEAL)
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
CYRUSONE FOREIGN HOLDINGS   LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kimberly H.   Sheehy
    
	
 
    	
Name:
    	
Kimberly H. Sheehy
    
	
 
    	
Title:
    	
CFAO
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
(SEAL)
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
CYRUSONE FINANCE CORP., a Maryland corporation
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kimberly H.   Sheehy
    
	
 
    	
Name:
    	
Kimberly H. Sheehy
    
	
 
    	
Title:
    	
CFAO
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
(SEAL)
    
						

 

[Signatures Continue On Next Page]

 

[Signature Page to First Amendment to Credit Agreement – KeyBank/CyrusOne]

 

 

	
 
    	
LENDERS:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
KEYBANK NATIONAL   ASSOCIATION, individually and   as Agent
    
	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jason R.   Weaver
    
	
 
    	
Name:
    	
Jason R. Weaver
    
	
 
    	
Title:
    	
Senior Vice President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
JPMORGAN CHASE BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew R.   Wyatt
    
	
 
    	
Name:
    	
Matthew R. Wyatt
    
	
 
    	
Title:
    	
Authorized Officer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TORONTO DOMINION (TEXAS)   LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Savo Bozic
    
	
 
    	
Name:
    	
Savo Bozic
    
	
 
    	
Title:
    	
Authorized Signatory
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
BARCLAYS BANK PLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Christopher   Lee
    
	
 
    	
Name:
    	
Christopher Lee
    
	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ROYAL BANK OF CANADA
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Brian Gross
    
	
 
    	
Name:
    	
Brian Gross
    
	
 
    	
Title:
    	
Authorized Signatory
    

 

[Signatures Continue On Next Page]

 

[Signature Page to First Amendment to Credit Agreement – KeyBank/CyrusOne]

 

 

	
 
    	
SUNTRUST BANK
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Nancy B.   Richards
    
	
 
    	
Name:
    	
Nancy B. Richards
    
	
 
    	
Title:
    	
Senior Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CITIZENS BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ David R.   Jablonowski
    
	
 
    	
Name:
    	
David R. Jablonowski
    
	
 
    	
Title:
    	
Senior Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CITIBANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ John C.   Rowland
    
	
 
    	
Name:
    	
John C. Rowland
    
	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
PNC BANK, NATIONAL   ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Christian S.   Brown
    
	
 
    	
Name:
    	
Christian S. Brown
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
COBANK, ACB
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Andy Smith
    
	
 
    	
Name:
    	
Andy Smith
    
	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BANK OF AMERICA, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Lisa Reiter
    
	
 
    	
Name:
    	
Lisa Reiter
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signatures Continue On Next Page]

 

[Signature Page to First Amendment to Credit Agreement – KeyBank/CyrusOne]

 

 

	
 
    	
GOLDMAN SACHS BANK USA
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Rebecca   Kratz
    
	
 
    	
Name:
    	
Rebecca Kratz
    
	
 
    	
Title:
    	
Authorized Signatory
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SYNOVUS BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ David W.   Bowman
    
	
 
    	
Name:
    	
David W. Bowman
    
	
 
    	
Title:
    	
Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
DEUTSCHE BANK AG NEW YORK   BRANCH
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kirk L.   Tashjian
    
	
 
    	
Name:
    	
Kirk L. Tashjian
    
	
 
    	
Title:
    	
Director
    
	
 
    	
 
    	
and
    
	
 
    	
By:
    	
/s/ Michael Winters
    
	
 
    	
Name:
    	
Michael Winters
    
	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
MORGAN STANLEY BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael King
    
	
 
    	
Name:
    	
Michael King
    
	
 
    	
Title:
    	
Authorized Signatory
    

 

[Signature Page to First Amendment to Credit Agreement – KeyBank/CyrusOne]

 

 

	
 
    	
WOODFOREST NATIONAL BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ John Ellis
    
	
 
    	
Name:
    	
John Ellis
    
	
 
    	
Title:
    	
Senior Vice President
    

 

 

Address:

 

Woodforest National Bank
 1599 Lake Robbins, Suite 100

The Woodlands, TX  77380

Attn:  John Ellis

Telephone:  (832) 375-2368

Facsimile:   (832) 375-3368

 

[Signature Page to First Amendment to Credit Agreement – KeyBank/CyrusOne]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00246-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00246-of-00352.parquet"}]]