Document:

ex10-1.htm

Exhibit 10.1

 

NINTH AMENDMENT TO

AMENDED AND RESTATED REVOLVING CREDIT AND SECURITY AGREEMENT

 

This NINTH AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AND SECURITY AGREEMENT (this “Amendment”), effective as of December 31, 2016, is entered into by and among ENSERVCO CORPORATION, a Delaware corporation (“Enservco”), DILLCO FLUID SERVICE, INC., a Kansas corporation (“Dillco”), HEAT WAVES HOT OIL SERVICE LLC, a Colorado limited liability company (“Heat Waves”), and HEAT WAVES WATER MANAGEMENT LLC, a Colorado limited liability company (“Heat Waves Water,” and together with Enservco, Dillco and Heat Waves, and each Person joined to the Credit Agreement (as defined below) as a borrower from time to time, each, a “Borrower” and collectively, “Borrowers”), PNC BANK, NATIONAL ASSOCIATION (“PNC”), as the sole Lender on the date hereof, and PNC, as Agent for the Lenders (in such capacity, “Agent”), with reference to the following facts:

 

RECITALS

 

A.     The parties to this Amendment have entered into an Amended and Restated Revolving Credit and Security Agreement dated as of September 12, 2014, as amended by the Consent and First Amendment to Amended and Restated Revolving Credit and Security Agreement dated as of February 27, 2015, the Second Amendment to Amended and Restated Revolving Credit and Security Agreement dated as of March 29, 2015, the Third Amendment to Amended and Restated Revolving Credit and Security Agreement dated as of July 16, 2015, the Fourth Amendment to Amended and Restated Revolving Credit and Security Agreement and First Amendment to Amended and Restated Pledge and Security Agreement dated as of October 19, 2015, the Fifth Amendment to Amended and Restated Revolving Credit and Security Agreement dated as of December 31, 2015, the Sixth Amendment to Amended and Restated Revolving Credit and Security Agreement dated as of March 29, 2016, the Seventh Amendment to Amended and Restated Revolving Credit and Security Agreement dated as of August 10, 2016 and the Joinder and Eighth Amendment to Amended and Restated Revolving Credit and Security Agreement dated as of October 4, 2016 (as may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), pursuant to which the Lenders provide certain credit facilities to Borrowers;

 

B.     Any and all initially capitalized terms used in this Amendment without definition shall have the respective meanings assigned thereto in the Credit Agreement; 

 

C.     Borrowers have requested Agent and the Lenders amend certain provisions of the Credit Agreement as more fully set forth herein; and

 

D.     Agent and the Lenders are willing to make such amendments to the Credit Agreement, in accordance with, and subject to the terms and conditions set forth herein.

 

 

 

 

  

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

 

ARTICLE I     
AMENDMENTS TO CREDIT AGREEMENT

 

1.01        New Definitions. The following definitions are hereby added to Section 1.2 of the Credit Agreement in the appropriate alphabetical order:

 

“Ninth Amendment” shall mean that certain Ninth Amendment to Amended and Restated Credit and Security Agreement dated as of the Ninth Amendment Effective Date.

 

“Ninth Amendment Effective Date” shall mean December 31, 2016.

 

1.02        Amendment to Section 2.1(a)(y)(ii) of the Credit Agreement. Section 2.1(a)(y)(ii) of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“(ii)     (1) from and including the Ninth Amendment Effective Date, through and including January 31, 2017, up to 85%, and (2) thereafter, up to 75%, in each case subject to the provisions of Section 2.1(b) hereof, of the appraised net orderly liquidation value of Eligible Existing Equipment, as evidenced by an equipment appraisal satisfactory to Agent in its Permitted Discretion, (the “Eligible Existing Equipment Advance Rate”); plus” 

 

1.03        Amendment to Section 6.5(a) of the Credit Agreement. Section 6.5(a) of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“(a) Fixed Charge Coverage Ratio. Commencing on March 31, 2017 and measured as of the end of each fiscal quarter end thereafter, Borrowers will cause to be maintained as of the last day of each such fiscal quarter (the “compliance test date” as used in this Section 6.5), a Fixed Charge Coverage Ratio of not less than 1.25 to 1.00 in respect of each compliance test date. For the purpose of this covenant, the Fixed Charge Coverage Ratio shall be determined on the basis of Adjusted EBITDA for the trailing four-quarter period ended on the applicable quarterly compliance test date. For the avoidance of doubt, Fixed Charge Coverage Ratio shall not be measured for the fiscal quarter ended December 31, 2016.”

 

ARTICLE II     
Conditions Precedent

 

2.01        Closing Conditions. This Amendment shall become effective as of the day and year first set forth above (the “Amendment Effective Date”) upon satisfaction of the following conditions (in each case, in form and substance reasonably acceptable to Agent):

 

	 	
(a)
	
Amendment. Agent shall have received from Borrowers this Amendment, duly executed by Borrowers and by PNC, as Agent and as the sole Lender as of the Amendment Effective Date;

 

	 	
(b)
	
Fees and Expenses. (a) Agent shall have received from the Borrowers an amendment fee in an amount equal to $50,000, which such fee shall be deemed fully earned and non-refundable on the Amendment Effective Date, and such other fees and expenses that are payable in connection with the consummation of the transactions contemplated hereby, and (b) Agent’s counsel shall have received from Borrowers payment of all outstanding fees and expenses previously incurred and all fees and expenses incurred in connection with this Amendment; 

  

 

 

 

 

	 	
(c)
	
Default. No Default or Event of Default shall have occurred and be continuing; and

 

	 	
(d)
	
Representations and Warranties. The representations and warranties set forth in the Credit Agreement must be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof).

 

ARTICLE III     
Miscellaneous

 

3.01       Survival of Representations and Warranties. All representations and warranties made in the Credit Agreement or in any Other Document and any related agreements to which any Borrower is a party, and each of the representations and warranties contained in any certificate, document or financial or other statement furnished at any time under or in connection with the Credit Agreement, the Other Documents or any related agreement is true and correct in all material respects on and as of the date hereof as though made on and as of the date hereof, other than representations and warranties relating to a specific earlier date, and in such case such representations and warranties are true and correct in all material respects as of such earlier date.

 

3.02       Authority. Each Borrower has full power, authority and legal right to enter into this Amendment and to perform all its respective Obligations hereunder and under the Other Documents (as amended or modified hereby). This Amendment has been duly executed and delivered by such Person, and this Amendment constitutes the legal, valid and binding obligation of such Person enforceable in accordance with its terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, moratorium or similar laws affecting creditors’ rights generally. The execution, delivery and performance of this Amendment (a) are within such Person’s corporate, limited liability company or limited partnership powers (as applicable), have been duly authorized by all necessary company or partnership (as applicable) action, are not in contravention of law or the terms of such Person’s operating agreement, bylaws, partnership agreement, certificate of formation, articles of incorporation or other applicable documents relating to such Person’s formation or to the conduct of such Person’s business or of any material agreement or undertaking to which such Person is a party or by which such Person is bound, (b) will not, in any material respect, conflict with or violate any law or regulation, or any judgment, order or decree of any Governmental Body, (c) will not require the Consent of any Governmental Body or any other Person, except those Consents which have been duly obtained, made or compiled prior to the date hereof and which are in full force and effect or except those which the failure to have obtained would not have, or could not reasonably be expected to have, a Material Adverse Effect and (d) will not conflict with, nor result in any breach in any of the provisions of or constitute a default under or result in the creation of any Lien except Permitted Encumbrances upon any asset of any Borrower or Guarantor under the provisions of any material agreement, charter document, operating agreement or other instrument to which any Borrower or Guarantor is a party or by which it or its property is a party or by which it may be bound.

 

 

 

 

  

3.03        No Default. After giving effect to this Amendment, no event has occurred and is continuing that constitutes a Default or an Event of Default.

 

3.04       References to the Credit Agreement. The Credit Agreement, each of the Other Documents, and any and all other agreements, documents or instruments now or hereafter executed and delivered pursuant to the terms hereof, or pursuant to the terms of the Credit Agreement as amended hereby, are hereby amended so that any reference therein to the Credit Agreement shall mean a reference to the Credit Agreement as amended by this Amendment.

  

3.05       Credit Agreement Remains in Effect. The Credit Agreement and the Other Documents remain in full force and effect, and Borrowers ratify and confirm their agreements and covenants contained therein. Borrowers hereby confirm that, after giving effect to this Amendment, no Event of Default or Default has occurred and is continuing. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Agent or the Lenders under any of the Other Documents, nor constitute a waiver of any provision of any of the Other Documents.

 

3.06       Submission of Amendment. The submission of this Amendment to the parties or their agents or attorneys for review or signature does not constitute a commitment by Agent or the Lenders to modify any of their respective rights and remedies under the Other Documents, and this Amendment shall have no binding force or effect until all of the conditions to the effectiveness of this Amendment have been satisfied as set forth herein.

 

3.07       Severability. Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable.

 

3.08        Counterparts. This Amendment may be executed in one or more counterparts, each of which when so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same instrument.

 

3.09     Headings. The headings, captions and arrangements used in this Amendment are for convenience only and shall not affect the interpretation of this Amendment.

 

3.10       Expenses of Agent. Borrowers agree to pay on demand all costs and expenses reasonably incurred by Agent in connection with the preparation, negotiation and execution of this Amendment, including, without limitation, the costs and fees of Agent’s legal counsel.

 

 

 

 

  

3.11       General Release. From and after the Amendment Effective, each Borrower hereby agrees that, without any further act, Agent and the Lender are fully and forever released and discharged from any and all claims for damages or losses to any Borrower or to any property of any Borrower (whether any such damages or losses are known or unknown, foreseen or unforeseen, or patent or latent), including, without limitation, any tort claim, demand, action or cause of action of any nature, whatsoever, arising under or relating to the Credit Agreement or the Other Documents or any of the transactions related thereto, prior to the date hereof, and each Borrower hereby waives application of California Civil Code Section 1542. Each Borrower certifies that it has read the following provisions of California Civil Code Section 1542:

 

A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.

 

Each Borrower understands and acknowledges that the significance and consequence of this waiver of California Civil Code Section 1542 is that even if such Borrower should eventually suffer additional damages arising out of the facts referred to above, it will not be able to make any claim for those damages. Furthermore, each Borrower acknowledges that it intends these consequences even as to claims for damages that may exist as of the date of this release but which such Borrower does not know exist, and which, if known, would materially affect such Borrower’s decision to execute this Agreement, regardless of whether such Borrower’s lack of knowledge is the result of ignorance, oversight, error, negligence, or any other cause.

 

3.12       NO ORAL AGREEMENTS. THIS AMENDMENT, TOGETHER WITH THE OTHER DOCUMENTS AS WRITTEN, REPRESENTS THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

 

[Signature Pages Follow]

 

 

 

 

  

IN WITNESS WHEREOF, the parties have entered into this Amendment by their respective duly authorized officers as of the date first above written.

 

	
 
	
BORROWERS:
	
 

	 	 	 
	 	 	 
	 	ENSERVCO CORPORATION,	 
	 	a Delaware corporation	 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
By: 
	
/s/ Rick D. Kasch
	
 

	
 
	
Name:   Rick D. Kasch
	
 

	 	Title:     President	 
	 	 	 
	 	 	 
	 	DILLCO FLUID SERVICE, INC.,	 
	 	a Kansas corporation	 
	
 
	
 
	
 
	
 

	 	 	 	 
	 	By:	/s/ Rick D. Kasch	 
	 	Name:   Rick D. Kasch	 
	 	Title:     President	 
	 	 	 
	 	 	 
	 	HEAT WAVES HOT OIL SERVICE LLC,	 
	 	a Colorado limited liability company	 
	 	 	 
	 	 	 
	 	By:	/s/ Rick D. Kasch	 
	 	Name:   Rick D. Kasch	 
	 	Title:     Manager	 
	 	 	 
	 	HEAT WAVES WATER MANAGEMENT LLC,	 
	 	a Colorado limited liability company	 
	 	 	 
	 	 	 
	 	By:	/s/ Rick D. Kasch	 
	 	Name:   Rick D. Kasch	 
	 	Title:     Manager	 

 

 

 

 

 

	
 
	
AGENT AND SOLE LENDER:
	
 

	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION 	 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
By: 
	
/s/ Mark Tito 
	
 

	
 
	
Name:   Mark Tito
	
 

	
 
	
Title:     Vice PresidentEX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 FOURTH
AMENDMENT 
 FOURTH AMENDMENT TO CREDIT AGREEMENT, dated as of February 6, 2017 (this “Amendment”), among BOOZ
ALLEN HAMILTON INC., a Delaware corporation (the “Borrower”), the Guarantors (as defined below), the Administrative Agent (as defined below), the Collateral Agent (as defined below), and the Lenders party hereto. Unless otherwise
indicated, all capitalized terms used herein and not otherwise defined shall have the respective meanings provided such terms in the Credit Agreement. 

W I T N E S S E T H: 

WHEREAS, the Borrower, the Lenders from time to time party thereto and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the
“Administrative Agent”), Collateral Agent and Issuing Lender, are parties to a Credit Agreement, dated as of July 31, 2012 (as amended by the First Amendment to Credit Agreement, dated as of August 16, 2013, the Second
Amendment to Credit Agreement, dated as of May 7, 2014, the Third Amendment to Credit Agreement, dated as of July 13, 2016, and as otherwise heretofore amended, the “Credit Agreement”); 

WHEREAS, the Borrower has requested that (a) the Persons set forth on Schedule I hereto (the “New Refinancing Tranche B Term
Lenders”) make term loans (the “New Refinancing Tranche B Term Loans”) in an aggregate principal amount of $22,799,371.08 to the Borrower on the Fourth Amendment Effective Date (as defined below) and (b) the Exchanging
Lenders (as defined below) exchange their Existing Tranche B Term Loans (as defined below) for term loans of like aggregate principal amount (the “Exchanged Refinancing Tranche B Term Loans” and, together with the New Refinancing
Tranche B Term Loans, the “Refinancing Tranche B Term Loans”), in each case subject to the terms and conditions set forth herein; and 

WHEREAS, pursuant to Section 10.1(c) of the Credit Agreement, the Borrower, the Administrative Agent and the Refinancing Tranche B Term
Lenders (as defined below) agree to amend the Credit Agreement as set forth herein. 
 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 ONE – REFINANCING TRANCHE B TERM LOANS. 

(a)    Subject to the terms and conditions set forth herein and in the Credit Agreement, each New Refinancing Tranche B
Term Lender severally agrees to make New Refinancing Tranche B Term Loans in Dollars to the Borrower on the Fourth Amendment Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such New Refinancing Tranche B
Term Lender’s name on Schedule I hereto. Amounts borrowed under this Section 1(a) and repaid or prepaid may not be reborrowed. 

(b)    The proceeds of the New Refinancing Tranche B Term Loans shall be used solely to repay in full all Initial Tranche
B Term Loans outstanding under the Credit Agreement immediately prior to the effectiveness hereof (the “Existing Tranche B Term  

 
Loans”), other than the Existing Tranche B Term Loans of the Exchanging Lenders that are exchanged for Exchanged Refinancing Tranche B Term Loans and deemed repaid pursuant to
paragraph (d) below, and to pay related accrued and unpaid interest, fees and expenses. 
 (c)    Unless previously
terminated, the commitments of the New Refinancing Tranche B Term Lenders pursuant to Section 1(a) shall terminate upon the making of the New Refinancing Tranche B Term Loans on the Fourth Amendment Effective Date. 

(d)    Each lender holding Existing Tranche B Term Loans that executes and delivers a signature page to this Amendment and
indicates thereon its election of the “Cashless Settlement Option” (each such Lender, an “Exchanging Lender” and, together with the New Refinancing Tranche B Term Lenders, the “Refinancing Tranche B Term
Lenders”; each Tranche B Term Lender that does not so elect, a “Non-Exchanging Lender”) severally agrees, on the Fourth Amendment Effective Date and subject to the terms and
conditions set forth herein and in the Credit Agreement, to exchange all (or such lesser amount as the Administrative Agent may allocate to such Lender (any such Existing Tranche B Term Loans of such Lender not allocated for exchange pursuant
hereto, its “Non-Allocated Existing Tranche B Term Loans”)) of its Existing Tranche B Term Loans (the aggregate principal amount of Existing Tranche B Term Loans of such Lender so exchanged,
its “Exchanged Amount”) for Exchanged Refinancing Tranche B Term Loans (which Existing Tranche B Term Loans so exchanged shall thereafter be deemed repaid and canceled and no longer be outstanding) in an aggregate principal amount
equal to its Exchanged Amount. All accrued and unpaid interest on, and all other amounts owing in respect of, the Existing Tranche B Term Loans of each Exchanging Lender that are exchanged pursuant to this paragraph (d) (less the Exchanged
Amount) shall be repaid in full in cash on the Fourth Amendment Effective Date. 
 (e)    The Existing Tranche B Term
Loans of each Non-Exchanging Lender and the Non-Allocated Existing Tranche B Term Loans of each Exchanging Lender shall be repaid in full in cash on the Fourth Amendment
Effective Date, together with all accrued and unpaid interest on, and all other amounts owing in respect of, such Existing Tranche B Term Loans. 

(f)    Unless the context shall otherwise require, the New Refinancing Tranche B Term Lenders and the Exchanging Lenders
shall constitute “Tranche B Term Lenders”, “Term Lenders” and “Lenders” and the New Refinancing Tranche B Term Loans and Exchanged Refinancing Tranche B Term Loans shall constitute “Initial Tranche B Term
Loans”, “Tranche B Term Loans”, “Term Loans” and “Loans”, in each case for all purposes of the Credit Agreement (as amended hereby) and the other Loan Documents. For the avoidance of doubt, the New Refinancing
Tranche B Term Loans and the Exchanged Refinancing Tranche B Term Loans shall constitute a single Tranche under the Credit Agreement. 

SECTION TWO – CREDIT AGREEMENT AMENDMENTS. Subject to the satisfaction of the conditions set forth in Section Three hereof: 

(a)    The following defined term shall be added to Section 1.1 of the Credit Agreement in the appropriate
alphabetical order: 
 “Fourth Amendment Effective Date”: February 6, 2017. 

  
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 (b)    The definition of “Applicable Margin” or “Applicable
Commitment Fee Rate” set forth in Section 1.1 of the Credit Agreement is hereby amended by replacing the percentages “1.75%” and “2.75%” in clause (ii) thereof with “1.25%” and “2.25%”,
respectively. 
 (c)    Section 2.3(b) of the Credit Agreement is hereby amended by (x) replacing “the last
Business Day of December, 2016” with “the last Business Day of June, 2017” and (y) replacing “Third Amendment Effective Date” with “Fourth Amendment Effective Date” in all three places where it appears. 

(d)    Section 2.11(b) of the Credit Agreement is hereby amended by replacing “Third Amendment Effective Date”
with “Fourth Amendment Effective Date” in both places where it appears. 
 SECTION THREE – CONDITIONS TO
EFFECTIVENESS: This Amendment, the agreements of the New Refinancing Tranche B Term Lenders and the Exchanging Lenders under Section One hereof and the amendments set forth in Section Two shall become effective on the date (the “Fourth
Amendment Effective Date”) when each of the following conditions shall have been satisfied: 

(a)    Amendment. the Loan Parties and each Refinancing Tranche B Term Lender shall have signed a counterpart
hereof (whether the same or different counterparts) and shall have delivered (including by way of facsimile or other electronic transmission) the same to the Administrative Agent (or its counsel); 

(b)    No Default; Representations and Warranties. (i) no Default or Event of Default shall exist as of the
Fourth Amendment Effective Date after giving effect to this Amendment and the borrowing of the Refinancing Tranche B Term Loans and (ii) all of the representations and warranties of the Loan Parties contained in the Loan Documents shall be true
and correct in all material respects on the Fourth Amendment Effective Date as if made on and as of such date (unless such representation or warranty relates to a specific date, in which case such representation or warranty shall have been true and
correct in all material respects as of such specific date); 
 (c)    Borrowing and Prepayment. (i) the
Administrative Agent shall have received from the Borrower a notice of prepayment with respect to the Existing Tranche B Term Loans (other than Existing Tranche B Term Loans that are exchanged for Exchanged Refinancing Tranche B Term Loans) (the
“Term Loan Prepayment”) and a notice of borrowing with respect to the Refinancing Tranche B Term Loans and (ii) substantially contemporaneously with the other transactions contemplated hereby, the Borrower shall have made the
Term Loan Prepayment and shall have paid all accrued and unpaid interest on all Existing Tranche B Term Loans and other amounts required to be paid by it in connection therewith; 

(d)    Fees. the Borrower shall have paid, or caused to be paid to the Administrative Agent all fees and other
amounts due and payable under or in connection with this Amendment, including, without limitation, the fees payable pursuant to Section 9 hereof and all fees and other amounts agreed to between the Borrower and the joint lead arrangers of this
Amendment, and, to the extent invoiced in reasonable detail at least three Business Days prior to 

  
 3 

 the Fourth Amendment Effective Date, all reasonable and documented out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder or under any other Loan Document; 

(e)    Legal Opinions; Certificates. the Administrative Agent shall have received legal opinions and closing
certificates (consistent with those delivered on the Closing Date pursuant to clauses (f) and (g) of Section 5.1 of the Credit Agreement, taking into account any changes to such counsel’s form of opinion on account of
developments in opinion practice), together with appropriate insertions and attachments (including true and complete copies of resolutions of the board of directors or a duly authorized committee thereof for each of the Loan Parties approving and
authorizing the execution, delivery and performance of this Amendment, and the performance of the Credit Agreement as amended hereby and a good standing certificate (or the equivalent thereof) for the Borrower and the other Loan Parties from their
respective jurisdictions of formation); and 
 (f)    USA PATRIOT Act. the Lenders shall have received from the
Borrower and each of the Loan Parties documentation and other information reasonably requested by any Lender no less than 5 Business Days prior to the Fourth Amendment Effective Date that is required by regulatory authorities under applicable
“know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act. 
 SECTION FOUR –
REPRESENTATIONS AND WARRANTIES; NO DEFAULTS. In order to induce the Lenders to enter into this Amendment, each of the Loan Parties represents and warrants, on the Fourth Amendment Effective Date, to each of the Lenders and the Administrative
Agent that: 
 (a)    the execution, delivery and performance by such Loan Party of this Amendment is within such Loan
Party’s corporate or other powers, has been authorized by all necessary corporate or other organizational action, except (other than with respect to the Borrower), to the extent such failure to do so would not reasonably be expected to have a
Material Adverse Effect, and has been duly executed and delivered on behalf of the Loan Parties party hereto; 

(b)    this Amendment and the Credit Agreement, as amended hereby, each constitute a legal, valid and binding obligation
of such Loan Party, enforceable against such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally
and by general equitable principles (whether enforcement is sought by proceedings in equity or at law) and the implied covenants of good faith and fair dealing; 

(c)    all of the representations and warranties contained in the Credit Agreement, as amended hereby, and in the other
Loan Documents are true and correct in all material respects on the Fourth Amendment Effective Date as if made on and as of such date (unless such representation or warranty relates to a specific date, in which case such representation or warranty
were true and correct in all material respects as of such specific date); and 

  
 4 

 (d)    no Default or Event of Default exists as of the Fourth Amendment
Effective Date after giving effect to this Amendment and the borrowing of the Refinancing Tranche B Term Loans. 
 The Administrative Agent
shall give prompt notice in writing to the Borrower of the occurrence of the Fourth Amendment Effective Date. It is understood that such writing may be delivered or furnished by electronic communication. 

SECTION FIVE – SECURITY. The Loan Parties acknowledge that (a) the Refinancing Tranche B Term Loans constitute Borrower
Obligations (as defined in the Guarantee and Collateral Agreement) and (b) notwithstanding the effectiveness of this Amendment, (i) the Guarantee and Collateral Agreement shall continue to be in full force and effect, (ii) the
Guarantor Obligations of each Guarantor are not impaired or affected and (iii) all guarantees made by the Loan Parties pursuant to the Guarantee and Collateral Agreement and all Liens granted by the Loan Parties as security for the Borrower
Obligations (including the Refinancing Tranche B Term Loans) and the Guarantor Obligations pursuant to the Guarantee and Collateral Agreement continue in full force and effect; and, further, confirm and ratify their respective obligations under each
of the Loan Documents executed by the Loan Parties, as amended hereby. 
 SECTION SIX – SEVERABILITY. Any provision of this
Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 SECTION
SEVEN – CONTINUING EFFECT; NO OTHER WAIVERS OR AMENDMENTS. Except as expressly set forth herein, this Amendment shall not (i) constitute a substitution or novation, or a payment and reborrowing, or a termination, of the Obligations
outstanding under the Credit Agreement (other than with respect to the Existing Tranche B Term Loans) or instruments guaranteeing or securing the same, which shall remain in full force and effect, except as modified hereby or (ii) by
implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent or the Loan Parties under the Credit Agreement, as amended hereby, the Guarantee and Collateral
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 Credit Agreement, as amended hereby, the Guarantee and Collateral
Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any 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, as amended hereby, the Guarantee and Collateral Agreement or any other Loan Document in similar or different circumstances.
After the Fourth Amendment Effective Date, any reference in any Loan Document to the Credit Agreement shall mean the Credit Agreement, as amended hereby. This Amendment shall constitute a Loan Document for all purposes of the Credit Agreement, as
amended hereby, and the other Loan Documents. 

  
 5 

 SECTION EIGHT – COUNTERPARTS. This Amendment may be executed by one or more of the
parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile or
electronic (i.e. “pdf”) transmission shall be effective as delivery of a manually executed counterpart hereof. 
 SECTION NINE
– PAYMENT OF FEES AND EXPENSES. The Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable and documented out-of-pocket
costs and expenses incurred in connection with this Amendment including, without limitation, the reasonable fees and disbursements and other charges of Cravath, Swaine & Moore LLP, counsel to the Administrative Agent. 

SECTION TEN – GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THAT THE SAME ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY. The provisions of Sections 10.12 and 10.17 of the Credit Agreement are hereby incorporated by reference herein, mutatis mutandis. 

SECTION ELEVEN – TAX MATTERS. For purposes of determining withholding Taxes imposed under FATCA, from and after the Fourth
Amendment Effective Date, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Loans as not qualifying as a “grandfathered obligation” within the meaning of Treasury
Regulation Section 1.1471-2(b)(2)(i). 
  

 
  

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

			
	BOOZ ALLEN HAMILTON INC.
		
	By:	 	 /s/ Lloyd W. Howell, Jr.

	Name:	 	Lloyd W. Howell, Jr.
	Title:	 	 Executive Vice President, Chief
 Financial
Officer and Treasurer

	
	BOOZ ALLEN HAMILTON INVESTOR CORPORATION
		
	By:	 	 /s/ Lloyd W. Howell, Jr.

	Name:	 	Lloyd W. Howell, Jr.
	Title:	 	 Executive Vice President, Chief
 Financial
Officer and Treasurer

	
	BOOZ ALLEN HAMILTON ENGINEERING HOLDING CO., LLC
		
	By:	 	 /s/ Laura S. Adams

	Name:	 	Laura S. Adams
	Title:	 	Treasurer

 [Signature Page to Fourth Amendment to Credit Agreement - Booz Allen Hamilton Inc.] 

 
			
	BOOZ ALLEN HAMILTON ENGINEERING SERVICES, LLC
		
	By:	 	 /s/ Laura S. Adams

	Name:	 	Laura S. Adams
	Title:	 	Treasurer
	
	SDI TECHNOLOGY CORPORATION
		
	By:	 	 /s/ Laura S. Adams

	Name:	 	Laura S. Adams
	Title:	 	Treasurer

 [Signature Page to Fourth Amendment to Credit Agreement - Booz Allen Hamilton Inc.] 

 
			
	BANK OF AMERICA, N.A., as Administrative Agent and Collateral Agent
		
	By:	 	 /s/ Cindy Jordan

	Name:	 	Cindy Jordan
	Title:	 	Assistant Vice President

 [Signature Page to Fourth Amendment to Credit Agreement - Booz Allen Hamilton Inc.] 

 
			
	BANK OF AMERICA, N.A., as New Refinancing Tranche B Term Lender
		
	By:	 	 /s/ Matt Powers

	Name:	 	Matt Powers
	Title:	 	Director

 [Signature Page to Fourth Amendment to Credit Agreement - Booz Allen Hamilton Inc.] 

 [Signature page for Exchanging Lenders posted separately] 

 SCHEDULE I 

New Refinancing Tranche B Term Loans 
  

					
	 New Refinancing Tranche B Term Lender
	  	
New Refinancing Tranche B Term Loan Amount
	 
	 Bank of America, N.A.
	  	$	22,799,371.08	  
	 TOTAL
	  	$	22,799,371.08

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}]]