Document:

Exhibit

Exhibit 10.9
EXECUTION VERSION

FIFTH INCREMENTAL ASSUMPTION AGREEMENT
FIFTH INCREMENTAL ASSUMPTION AGREEMENT, dated as of September 27, 2017 (this “Agreement”), by and among DXC Technology Company (as successor to Computer Sciences Corporation), a Nevada corporation (the “Company”), and the incremental lenders party hereto (in such capacity, collectively, the “Incremental Lenders” and each, individually, an “Incremental Lender”) and consented to, with respect to the New Lender (as defined below) only, by the Swing Line Banks party hereto and consented to, with respect to the New Lenders only, and accepted by Citibank, N.A., as administrative agent (the “Agent”) for the Lenders party to the Credit Agreement referred to below.
W I T N E S S E T H:
WHEREAS, the Company, each lender from time to time party thereto (the “Lenders”), the Designated Subsidiaries from time to time party thereto and the Agent are parties to that certain Amended and Restated Credit Agreement dated as of October 11, 2013, as amended by Amendment No. 1 to the Credit Agreement dated as of April 21, 2016, Amendment No. 2 to the Credit Agreement dated as of June 21, 2016 and Waiver and Amendment No. 3 to the Amended and Restated Credit Agreement dated as of February 17, 2017 and as supplemented by Incremental Assumption Agreement dated as of June 15, 2016, Second Incremental Assumption Agreement dated as of July 25, 2016, Third Incremental Assumption Agreement dated as of December 30, 2016, Assumption Agreement and Joinder dated as of April 3, 2017 and Fourth Incremental Assumption Agreement dated as of April 3, 2017 (as further amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”) (capitalized terms not otherwise defined in this Agreement have the same meanings assigned thereto in the Credit Agreement); and
WHEREAS, the Company has, by notice to the Agent delivered pursuant to Section 2.20 of the Credit Agreement, requested incremental commitments (the “Incremental Commitments”) in an aggregate principal amount of $120,000,000.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.Incremental Lenders and the Incremental Commitments.  Pursuant to Section 2.20 of the Credit Agreement and subject to the satisfaction or waiver of the conditions to effectiveness set forth in Section 5 of this Agreement:
(a)    Each Incremental Lender severally agrees to provide Incremental Commitments (that shall be effective from and after the Effective date) in the principal amount for such Incremental Lender set forth on Schedule A hereto.  The aggregate principal amount of the Incremental Commitments being provided by all of the Incremental Lenders pursuant to this Agreement is $120,000,000.
(b)    The Incremental Commitments set forth on Schedule A hereto shall have terms identical to the terms of the Tranche A Commitments outstanding under the Credit Agreement on the Effective Date that have a Commitment Termination Date of January 15, 2023 (including, without limitation, with respect to the maturity date, pricing, mandatory prepayments and voluntary prepayments) and shall otherwise be subject to the provisions of the Credit Agreement and the other Loan Documents.  On and after the Effective Date, each reference to (x) a “Tranche A Commitment” or “Tranche A Commitments” or (y) a “Tranche A Advance” or “Tranche A Advances” in the Credit Agreement or herein shall be deemed to include the Incremental Commitments and any Incremental Advances made in respect of the Incremental Commitments established pursuant to this Agreement and all other related terms will have correlative meanings.
(c)    Each of the parties hereto hereby agrees that the Agent may take any and all action as may be reasonably necessary, including the effecting of notional assignments between the Incremental Lenders and the other Tranche A Lenders of outstanding Tranche A Advances to ensure that, after giving effect to this Agreement, all Incremental Advances, when originally made, are included in each Borrowing of outstanding Advances under the Tranche A Facility on a pro rata basis.
SECTION 2.    Amendment to the Credit Agreement.
(a)    From and after the Effective Date, Schedule I to the Credit Agreement is hereby replaced in its entirety with Schedule I hereto.
SECTION 3.    Representations and Warranties.  By its execution of this Agreement, the Company hereby represents and warrants to the Incremental Lenders that:
(a)    the representations and warranties set forth in Article IV of the Credit Agreement are correct in all material respects (except those representations and warranties qualified by materiality, which shall be true and correct) on and as of the Effective Date, as though made on and as of such date, except to the extent that any such representation or warranty expressly relates only to an earlier date, in which case it was correct in all material respects (except those representations and warranties qualified by materiality, which shall be true and correct) as of such earlier date; and
(b)    on and as of the Effective Date, no Event of Default or Potential Event of Default shall have occurred and be continuing or would result from the effectiveness of the Incremental Commitments.
SECTION 4.    Binding Effect. This Agreement shall become effective and legally binding on the date hereof (the “Signing Date”), which is the first date that the Agent shall have received a counterpart signature page of this Agreement duly executed by each of the Company, the Incremental Lenders, the Agent and the Swing Line Banks (or, in the case of any party as to which an executed counterpart shall not have been received, receipt by the Agent in form satisfactory to it of telegraphic, e-mail or other written confirmation from such party of execution of a counterpart hereof by such party).  This Agreement shall bind each party’s successors and assigns, including any Person to whom any Lender party hereto assigns any of its interests, rights and obligations under the Credit Agreement.
SECTION 5.    Conditions of Effectiveness of the Incremental Commitments.  The Incremental Commitments and the amendment set forth in Section 2 shall become effective on the date (the “Effective Date”) when (unless otherwise agreed among the Incremental Lenders and the Company, and consented to by the Agent (such consent not to be unreasonably withheld or delayed)) the Agent shall have received:
(a)    copies of the resolutions of the Board of Directors of the Company, approving this Agreement, certified as of the Signing Date by the Secretary or an Assistant Secretary of the Company;
(b)    a favorable opinion of William L. Deckelman, Jr., Esq., General Counsel of the Company, dated as of the Signing Date;
(c)    a certificate of an authorized officer of the Company, dated the Effective Date, stating that the representations and warranties of the Company contained in Section 3 of this Agreement are correct; and
(d)    a notice from the Company requesting the Incremental Commitments and satisfying the requirements set forth in Section 2.20(a) of the Credit Agreement;
provided that, in the event that the conditions set forth in clauses (a) through (d) above are satisfied prior to October 11, 2017, the Effective Date shall occur on October 11, 2017.
SECTION 6.    Acknowledgment of New Lender. BNP Paribas (the “New Lender”) (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be a Lender under Section 9.07(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 9.07(b)(iii) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of its Incremental Commitments, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by its Incremental Commitments and either it, or the Person exercising discretion in making its decision to provide its Incremental Commitments, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received, or has been accorded the opportunity to receive, copies of the most recent financial statements delivered pursuant to Section 5.01(b) thereof and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Agreement and to provide its Incremental Commitments and (vi) it has, independently and without reliance upon the Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and to provide its Incremental Commitments; and (b) agrees that (i) it will, independently and without reliance on the Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.
SECTION 7.    Reference to and Effect on the Credit Agreement and the other Loan Documents.
(a)    On and after the Effective Date, each reference in the Credit Agreement to (i) “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement, and each reference in any other Loan Document to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Agreement and (ii) each Incremental Lender (x) shall become a “Lender” for all purposes of the Credit Agreement and the other Loan Documents and (y) shall have a “Tranche A Commitment” under the Credit Agreement.
(b)    The Credit Agreement and each of the other Loan Documents, as specifically amended by this Agreement, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.
(c)    The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement.  
(d)    On and after the Effective Date, this Agreement is subject to the provisions of Section 9.01 of the Credit Agreement and constitutes a Loan Document.
SECTION 8.    Costs and Expenses.  The Company agrees to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Agent (in its capacity as such) in connection with the preparation, execution, delivery and administration, modification and amendment of this Agreement (including, without limitation, the reasonable fees and out-of-pocket expenses of a single counsel for the Agent with respect thereto and with respect to advising the Agent as to its rights and responsibilities hereunder) in accordance with the terms of Section 9.04 of the Credit Agreement.
SECTION 9.    Execution in Counterparts.  This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement.  Delivery of an executed counterpart of a signature page to this Agreement by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement.
SECTION 10.    Governing Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.
SECTION 11.    Headings.  Section headings herein are included for convenience of reference only and shall not affect the interpretation of this Agreement.
[Remainder of Page Intentionally Left Blank]

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Agreement as of the date first written above.
	
		
	DXC TECHNOLOGY COMPANY, as the Company

	By:
	/s/ H.C. Charles Diao

	 
	Name:   H.C. Charles Diao

	 
	Title:   Senior Vice President, Finance and    Corporate Treasurer

	
		
	THE ROYAL BANK OF SCOTLAND PLC, as an Incremental Lender

	By:
	/s/ Charlotte West

	 
	Name:   Charlotte West

	 
	Title:   Head of Corporate and F. Portfolio Management

	
		
	BNP PARIBAS, as an Incremental Lender

	By:
	/s/ Mathew Harvey

	 
	Name:   Mathew Harvey

	 
	Title:   Managing Director

	
		
	By:
	/s/ Liz Cheng

	 
	Name:   Liz Cheng

	 
	Title:   Vice President

Consented to (with respect to the New Lender only) 
and accepted by:
	
		
	CITIBANK, N.A., as Agent and a Swing Line Bank

	By:
	/s/ James M. Walsh

	 
	Name:   James M. Walsh

	 
	Title:   Managing Director and Vice President

Consented to by:
	
		
	BANK OF AMERICA, N.A., as a Swing Line Bank

	By:
	/s/ Arti Dighe

	 
	Name:   Arti Dighe

	 
	Title:   Vice President

	
		
	LLOYDS BANK PLC (FORMERLY KNOWN AS LLOYDS TSB BANK PLC), as a Swing Line Bank

	By:
	/s/ Daven Popat

	 
	Name:   Daven Popat

	 
	Title:   Senior Vice President Transaction Execution Category A

	
		
	By:
	/s/ Joel Slomko

	 
	Name:   Joel Slomko

	 
	Title:   Assistant Vice President Transaction Execution Category A

	
		
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Swing Line Bank

	By:
	/s/ Lilian Kim

	 
	Name:   Lilian Kim

	 
	Title:   Director

	
		
	ROYAL BANK OF CANADA., as a Swing Line Bank

	By:
	/s/ Theodore Brown

	 
	Name:   Theodore Brown

	 
	Title:   Authorized Signatory

	
		
	MIZUHO BANK, LTD., as a Swing Line Bank

	By:
	/s/ Daniel Guevara

	 
	Name:   Daniel Guevara

	 
	Title:   Authorized Signatory

	
		
	JPMORGAN CHASE BANK, N.A., as a Swing Line Bank

	By:
	/s/ Peter B. Thauer

	 
	Name:   Peter B. Thauer

	 
	Title:   Managing Director

SCHEDULE A

INCREMENTAL COMMITMENTS

	
		
	Name of Incremental Lender
	Incremental Commitments

	The Royal Bank of Scotland
	US$50,000,000.00

	BNP Paribas
	US$70,000,000.00

	Total
	US$120,000,000.00

Schedule I

LENDERS’ COMMITMENTS

	
										
	Lender
	Tranche A Commitment
	Tranche B Commitment
	Swing Line Commitment

	Bank of America, N.A.
	

	US$220,000,000.00
	

	

	US$55,000,000.00
	

	

	US$100,000,000.00
	

	Lloyds Bank plc
	

	US$255,000,000.00
	

	

	US$20,000,000.00
	

	

	US$100,000,000.00
	

	Mizuho Bank, Ltd.
	

	US$228,333,333.34
	

	

	US$46,666,666.66
	

	

	US$100,000,000.00
	

	Royal Bank of Canada
	

	US$275,000,000.00
	

	 
	

	US$100,000,000.00
	

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	

	US$220,000,000.00
	

	

	US$55,000,000.00
	

	

	US$100,000,000.00
	

	Citibank, N.A.
	

	US$145,000,000.00
	

	

	US$55,000,000.00
	

	

	US$200,000,000.00
	

	Barclays Bank PLC
	

	US$140,000,000.00
	

	

	US$35,000,000.00
	

	 

	Commerzbank AG, New York Branch
	

	US$155,000,000.00
	

	

	US$20,000,000.00
	

	 

	PNC Bank, National Association
	

	US$160,000,000.00
	

	

	US$15,000,000.00
	

	 

	Sumitomo Mitsui Banking Corporation
	

	US$175,000,000.00
	

	 
	 

	The Royal Bank of Scotland plc
	

	US$158,666,666.66
	

	

	US$16,333,333.34
	

	 

	The Bank of Nova Scotia
	

	US$140,000,000.00
	

	 
	 

	Danske Bank A/S
	

	US$125,000,000.00
	

	 
	 

	Goldman Sachs Bank USA
	

	US$125,000,000.00
	

	 
	 

	JPMorgan Chase Bank, N.A.
	

	US$98,000,000.00
	

	

	US$27,000,000.00
	

	

	US$100,000,000.00
	

	TD Bank, N.A.
	

	US$125,000,000.00
	

	 
	 

	Wells Fargo Bank, National Association
	

	US$90,000,000.00
	

	

	US$35,000,000.00
	

	 

	Capital One
	

	US$70,000,000.00
	

	 
	 

	Commonwealth Bank of Australia
	 
	

	US$70,000,000.00
	

	 

	DBS Bank Ltd.
	 
	

	US$70,000,000.00
	

	 

	ING Bank N.V., Dublin Branch
	

	US$70,000,000.00
	

	 
	 

	Standard Chartered Bank
	

	US$55,000,000.00
	

	

	US$15,000,000.00
	

	 

	The Bank of New York Mellon
	

	US$70,000,000.00
	

	 
	 

	U.S. Bank, National Association
	

	US$70,000,000.00
	

	 
	 

	BNP Paribas
	

	US$70,000,000.00
	

	 
	 

	Scotiabank Europe plc
	 
	

	US$35,000,000.00
	

	 

	   Total Commitments:
	US$3,240,000,000.00
	US$570,000,000.00
	US$800,000,000.00

1Exhibit

Exhibit 10.12
Execution Version

FIRST AMENDMENT TO MASTER ACCOUNTS RECEIVABLE PURCHASE AGREEMENT
This FIRST AMENDMENT to the MASTER ACCOUNTS RECEIVABLE PURCHASE AGREEMENT (this “Amendment”), is made and entered into as of January 23, 2018 (as it may be modified, supplemented or amended from time to time in accordance with its terms) by and among the following parties:
		
	(i)
	ENTERPRISE SERVICES LLC, a Delaware limited liability company (the “Seller” and “Seller Representative”);

		
	(ii)
	each PURCHASER party hereto; and

		
	(iii)
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH (“BTMUNY”), as administrative agent (the “Administrative Agent”).

BACKGROUND
WHEREAS, the parties hereto have entered into the Master Accounts Receivable Purchase Agreement, dated as of July 14, 2017 (as amended, restated, supplemented, assigned or otherwise modified from time to time, the “Existing Agreement”); 
WHEREAS, the parties hereto seek to modify the Existing Agreement upon the terms hereof; and
WHEREAS, pursuant to Section 2.10 of the Existing Agreement, the Seller Representative hereby elects to increase the Aggregate Commitments and the parties hereto intend for the date hereof to serve as the Increase Effective Date.
NOW, THEREFORE, in exchange for good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged and confirmed), the parties hereto agree as follows:
AGREEMENT
1.Definitions.  Unless otherwise defined or provided herein, capitalized terms used herein have the meanings attributed thereto in (or by reference in) the Existing Agreement.
2.    Amendments to the Existing Agreement. The Existing Agreement is hereby amended as follows:
		
	a.
	The definition of “Additional Seller Conditions Precedent” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:

“Additional Seller Conditions Precedent” means, in respect of any proposed Additional Seller, that (i) each Purchaser’s know-your-customer requirements with respect to such proposed Additional Seller have been satisfied; (ii) a Parent Guaranty covering the obligations of such proposed Additional Seller has been issued and is in full force and effect; and (iii) the Additional Seller has delivered any documents and opinions requested by the Administrative Agent in its reasonable discretion, it being understood that deliverables shall be generally consistent with the conditions precedent described in Section 8.1.

		
	b.
	The definition of “Applicable Margin” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:

“Applicable Margin” means 0.58%, per annum.
		
	c.
	The definition of “Dispute” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:

“Dispute” means, with respect to any Receivable, any Dilution with respect to such Receivable (other than any Dilutions specifically taken into account in determining the Purchase Price for such Receivable), or any refusal to pay as a result of any bona fide dispute, deduction, claim, offset, defense, counterclaim, discount, retainage, allowance, or warranty issue of any kind between a Seller and the applicable Approved Obligor (or any of their respective affiliates) relating to such Receivable, including, without limitation, any products liability claim arising out of or in connection with such Receivable.    
		
	d.
	The following definition of “DXC Guaranty Termination Date” is added to Section 1.1 of the Existing Agreement in the appropriate alphabetical order:

“DXC Guaranty Termination Date” as defined in Section 14.23.
		
	e.
	The definition of “Eligible Unbilled Receivable” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:  

“Eligible Unbilled Receivable” means a Receivable arising from a  Contract where work has been performed by the relevant Seller and revenue has been recognized in accordance with GAAP, thereby generating an unbilled receivable balance and such Receivable has been recorded in the Seller’s general ledger system and reported to the Administrative Agent on the applicable Servicing Report, including those Receivables that are unbilled due to "administrative delays" but excluding, without limitation, Excluded Unbilled Receivables.

		
	f.
	The definition of “Excluded Unbilled Receivables” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:  

“Excluded Unbilled Receivables” means each of the following: (i) any unbilled receivable arising under any Contract with “estimate at completion” adjustments; (ii) any unbilled receivable arising under a firm-fixed price contract where the account debtor is billed less than the amount to be received under the Contract (based on the “percentage-of-completion” method of revenue recognition); (iii) any unbilled receivable arising under a Contract where the account debtor is billed in excess of the costs incurred to date; (iv) any unbilled receivable in respect of “at-risk” projects (including, without limitation, scenarios where the Seller starts working prior to obtaining a signed Contract); (v) any unbilled receivable arising under a Contract based on milestone billing periods; and (vi) any award or incentive fee structures where the Seller is unable to bill for the award or fee until the government awards the fee through a formal contract modification or approval process.

		
	g.
	The definition of “Existing Account” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:

“Existing Account” means, with respect to: 
(i)    the Initial Seller, the deposit accounts of the Initial Seller or the Seller Representative located at Bank of America, N.A. with account number 3752026177;
(ii)    each Additional Seller, each deposit account of such Additional Seller specified as such in the applicable Joinder Agreement; and
(iii)    any other deposit account located at a depository bank satisfactory to the Administrative Agent. 
in each case which deposit account is subject to an Account Control Agreement on any date after the sixtieth (60th) day following the effectiveness of the Spin-Off.
		
	h.
	The definition of “Facility Suspension Event” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:

“Facility Suspension Event” means (i) the occurrence of a Servicer Replacement Event, (ii) the occurrence of a Shutdown of the U.S. Government, or (iii) any disclaimer of its obligations by the guarantor under any Parent Guaranty or failure of any Parent Guaranty to be in full force and effect; provided, that with respect to the DXC Parent Guaranty, this clause (iii) shall only apply prior to the DXC Guaranty Termination Date.

		
	i.
	The following definition of “Parent Guaranty” is added to Section 1.1 of the Existing Agreement in the appropriate alphabetical order:

“Parent Guaranty” means in respect of any Seller, (i) prior to the DXC Guaranty Termination Date, the DXC Parent Guaranty and (ii) on and after the DXC Guaranty Termination Date, a New York law guaranty issued by Ultra in favor of the Administrative Agent (for the benefit of the Purchasers), which guarantees each Seller’s obligations hereunder, which guaranty shall be in form and substance satisfactory to the Administrative Agent and the Purchasers.

		
	j.
	The definition of “Purchase Document” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:

    
“Purchase Document” means each of this Agreement, any Parent Guaranty, each Servicing Report and each fee letter (including the Administration Fee Letter), together with all other documents, instruments or agreements executed and delivered by a Seller or the Seller Representative to or for the benefit of the Administrative Agent or any Purchaser in connection herewith.

		
	k. 
	Clause (d) of the definition of “Servicer Replacement Event” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:

the failure of the Administrative Agent to have a first priority security interest in (i) any Existing Account on any date after the sixtieth (60th) day following the effectiveness of the Spin-Off or (ii) any Collection Account;

		
	l.
	Clause (k) of the definition of “Servicer Replacement Event” set forth in Section 1.1 of the Existing Agreement is deleted in its entirety and restated as follows:

DXC, at any time prior to the Spin-Off, and Ultra, following the Spin-Off, (i) ceasing to own, directly or indirectly, free and clear of any Adverse Claim and on a fully diluted basis, 100% of the capital stock of any Seller or (ii) ceasing to control any Seller. For the purposes of this definition, (i) “control” of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of its management and policies, whether through the ownership of voting securities, by contract or otherwise and (ii) “capital stock” means, with respect to any Person, any and all common shares, preferred shares, interests, participations, rights in or other equivalents (however designated) of such Person’s capital stock, partnership interests, limited liability company interests, membership interests or other equivalent interests and any rights (other than debt securities convertible into or exchangeable for capital stock), warrants or options exchangeable for or convertible into such capital stock or other equity interests; or

		
	m.
	The following definition of “Spin-Off” is added to Section 1.1 of the Existing Agreement in the appropriate alphabetical order:

“Spin-Off” means the implementation by DXC of a corporate restructuring which results in DXC no longer being the direct or indirect parent of the Sellers, including the implementation of the following actions:

(i)    the formation by DXC of new wholly-owned subsidiaries named Ultra First VMS Inc. (“Vector Merger Corp”), Ultra Second VMS LLC (“Vector Merger LLC”), and Ultra KMS Inc. (“Kodiak Merger Sub”); 

(ii)     the formation by DXC of Ultra, a new wholly-owned subsidiary of DXC; 

(iii)     the issuance by Vector Merger Corp., Vector Merger LLC and Kodiak Merger Sub of all of their equity interests to Ultra; 

(iv)    the contribution by the Seller of all of its assets related to its non-federal government business activities to a newly-formed subsidiary of Seller named DXC Technology Services, LLC (“DXC Services”); 

(v)     the distribution by the Seller of all of the stock of DXC Services to Enterprise Services Plano LLC (“ES Plano”); 

(vi)     the distribution by ES Plano of all of the stock of DXC Services to DXC; 

(vii)     the distribution by Enterprise Services Latin America Corporation of all of the stock of Enterprise Services State and Local, Inc. (“ES State & Local”) to DXC; 

(viii)     the distribution by ES World Trade LLC of all of the stock of NHIC Corporation (“NHIC”) to DXC; 

(ix)     the contribution by DXC of all of the stock of ES Plano, ES State & Local, and NHIC to Ultra in exchange for Ultra stock and cash proceeds from an Ultra debt offering; 

(x)     the distribution by DXC of all of the stock of Ultra to DXC shareholders pro rata; 

(xi)     the merger of Kodiak Merger Sub with and into KGS Holding Corp. (“Kodiak”), with Kodiak surviving; 

(xii)     the exchange by the sole shareholder of Kodiak, KGS Holding LLC (“Kodiak Stockholder”), of the stock of Kodiak for shares of Ultra stock; 

(xiii)     the merger of Vector Merger Corp with and into Vencore Holding Corp. (“Vector”), with Vector surviving; 

(xiv)     the exchange by the sole shareholder of Vector, The SI Organization Holdings LLC (“Vector Stockholder”), of the stock of Vector for shares of Ultra stock and cash; and 

(xv)     the merger of Vector with and into Vector Merger LLC, with Vector Merger LLC surviving.

		
	n. 
	The following definition of “Ultra” is added to Section 1.1 of the Existing Agreement in the appropriate alphabetical order:

“Ultra” means Ultra SC Inc., a Nevada corporation.

		
	n. 
	Section 9.2(e) of the Existing Agreement is deleted in its entirety and restated as follows:

The Seller has instructed each Approved Obligor in writing to pay all amounts owing on Purchased Receivables only to the applicable Existing Account, which instructions have not been revoked or otherwise modified.  The applicable Seller Account has been established and is in effect, and (i) the Collection Account is the subject of a valid and existing Account Control Agreement and (ii) each Existing Account is subject to a valid and existing Account Control Agreement on any date after the sixtieth (60th) day following the effectiveness of the Spin-Off.

		
	o.
	The following Section 14.23 is added immediately following Section 14.22 of the Existing Agreement:

Section 14.23  Release of DXC Parent Guaranty.  In connection with the Spin-Off, DXC may request that the DXC Parent Guaranty be terminated.  The Purchasers will consider any such request in good faith and upon the written consent of each Purchaser, which may be withheld at its discretion, the Administrative Agent will terminate such DXC Parent Guaranty (the date of termination being, the “DXC Guaranty Termination Date”) by providing written notice thereof to the Seller Representative and DXC.

		
	p.
	Schedule D of the Existing Agreement shall be replaced in its entirety with Schedule             D attached to this Amendment. 

    
3.    Conditions to Effectiveness.  This Amendment shall be effective as of the date on which (i) the Purchasers receive a counterpart of this Amendment duly executed and delivered by each of the parties hereto, (ii) the conditions precedent described in Section 2.10(e) of the Existing Agreement have been satisfied (including, for the avoidance of doubt, that the Sellers shall have deposited an amount equal to 0.4% of such increase in the Aggregate Commitments into the Refundable Discount Advance Account to serve as additional Refundable Discount Advance, which, if requested separately by the Seller Representative in writing may be withheld by the Administrative Agent from any amounts otherwise payable by the Administrative Agent to the Sellers on the date hereof, if any, (iii) any fees due and owing to the Administrative Agent and the Purchasers pursuant to the Existing Agreement or under any fee letter shall be paid on the date hereof which, if requested separately by the Seller Representative in writing may be withheld by the Administrative Agent from any amounts otherwise payable by the Administrative Agent to the Sellers on the date hereof, if any and  (iv) the Purchasers shall have received the Confirmation and Acknowledgement attached to this Amendment as Annex I duly executed and delivered by an authorized officer of the DXC, as guarantor.
4.    Certain Representations, Warranties and Covenants.  Each Seller hereby represents and warrants to the Purchaser, as of the date hereof that:
(a)    the representations and warranties made by it in the Existing Agreement and in any other Purchase Document to which it is a party are true and correct both as of the date hereof and immediately after giving effect to this Amendment; 
(b)    no Facility Suspension Event exists as of the date hereof and immediately after giving effect to this Amendment; and
(c)    the execution and delivery by it of this Amendment, and the performance of its obligations under this Amendment, the Existing Agreement (as amended hereby) and the other Purchase Documents to which it is a party are within its organizational powers and have been duly authorized by all necessary organizational action on its part, and this Amendment, the Existing Agreement (as amended hereby) and the other Purchase Documents to which it is a party are its valid and legally binding obligations, enforceable in accordance with its terms, subject to the effect of bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally.
5.    Reference to, and Effect on the Existing Agreement and the Purchase Documents.
(a)    The Existing Agreement (except as specifically amended herein) and the other Purchase Documents shall remain in full force and effect and the Existing Agreement and such other Purchase Documents are hereby ratified and confirmed in all respects by each of the parties hereto.
(b)    The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of Purchaser, nor constitute a waiver of any provision of, the Existing Agreement or any other Purchase Document.
(c)    After this Amendment becomes effective, all references in the Existing Agreement or in any other Purchase Document to “the Master Accounts Receivable Purchase Agreement,” “this Agreement,” “hereof,” “herein” or words of similar effect, in each case referring to the Existing Agreement, shall be deemed to be references to the Existing Agreement as amended by this Amendment.
(d)    To the extent that the consent of any party hereto, in any capacity, is required under the Purchase Documents or any other agreement entered into in connection with the Purchase Documents with respect to any of the amendments or other matters set forth herein, such Person hereby grants such consent.
(e)    After this Amendment becomes effective, the option to increase the Aggregate     Commitments pursuant to Section 2.10 of the Existing Agreement shall no longer be available. 
6.    Further Assurances.  Each Seller agrees to do all such things and execute all such documents and instruments as the Purchaser may reasonably consider necessary or desirable to give full effect to the transaction contemplated by this Amendment and the documents, instruments and agreements executed in connection herewith.
7.    Costs and Expenses.  Each Seller agrees, jointly and severally, to pay on demand all reasonable costs (including reasonable attorneys’ fees and expenses) and expenses the Administrative Agent incurs in connection with the preparation, negotiation, documentation and delivery of this Amendment.
8.    Purchase Document. This Amendment is a Purchase Document.
9.    Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the Sellers and the Administrative Agent and each Purchaser, and their respective successors and assigns.
10.    Execution in Counterparts.  This Amendment may be executed in any number of counterparts, and by the different parties hereto on separate counterparts; each such counterpart shall be deemed an original and all of such counterparts taken together shall be deemed to constitute one and the same instrument. A facsimile or electronic copy of an executed counterpart of this Amendment shall be effective as an original for all purposes.
11.    GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).
12.    Clarification. The parties hereto acknowledge and agree that due to a mutual mistake the Applicable Margin described in the Existing Agreement on the Closing Date was intended to be  “0.58%,  per annum” and that such amount has been applied by the parties as of the Closing Date.
13.    Section Headings. Section headings in this Amendment are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.
14.    Severability. Any provisions of this Amendment which are 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.  
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Administrative Agent

By:    /s/ Richard Gregory Hurst        
Print Name:    Richard Gregory Hurst            
Title:    Managing Director                

 

Accepted, agreed and consented to as of 
the date first above written:

ENTERPRISE SERVICES LLC,
as Seller and Seller Representative

By:    /s/ H.C. Charles Diao                
Print Name:    H.C. Charles Diao            
Title:        Treasurer                    

 
Accepted, agreed and consented to as of 
the date first above written:

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Purchaser

By:    /s/ Richard Gregory Hurst        
Print Name:    Richard Gregory Hurst            
Title:    Managing Director                

THE BANK OF NOVA SCOTIA,
as Purchaser

By:    /s/ D. Carenza                
Print Name:    D. Carenza                    
Title:    VP, Trade Finance                    

By:    /s/ Camilo Alvarado        
Print Name:    Camilo Alvarado        
Title:    Director Trade                

MIZUHO BANK, LTD.,
as Purchaser

By:    /s/ Daniel Guevara                    
Print Name:    Daniel Guevara                
Title:    Authorized Signatory                
ANNEX I

CONFIRMATION AND ACKNOWLEDGEMENT

This CONFIRMATION AND ACKNOWLEDGEMENT (“Confirmation”), is executed and delivered by DXC Technology Company, a Nevada corporation (the “Guarantor”).

		
	1.
	Reference is hereby made to the Guaranty, dated as of July 14, 2017 (as amended, modified or supplemented from time to time, the “Guaranty”), delivered by the Guarantor in connection with the Agreement (defined below).

		
	2.
	Reference is further made to the First Amendment to the Agreement, dated as of the date hereof (the “Amendment”), to the Master Accounts Receivable Purchase Agreement, dated as of July 14, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), among ENTERPRISE SERVICES LLC, a Delaware limited liability company, each PURCHASER party thereto and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Administrative Agent.  

		
	3.
	The Guarantor hereby consents to the Amendment.  The Guarantor hereby confirms that, notwithstanding the effectiveness of the Amendment, the Guaranty shall continue in full force and effect. 

IN WITNESS WHEREOF, the Guarantor has caused this Confirmation to be duly executed and delivered on the date first set forth above. 

DXC TECHNOLOGY COMPANY,
as Guarantor 

By:    /s/ William L. Deckelman, Jr.            
Print Name:    William L. Deckelman, Jr.        
Title:    EVP, General Counsel and Secretary 

By:    /s/ Paul Saleh                
Print Name:    Paul Saleh    
Title:    EVP, Chief Financial Officer        

SCHEDULE D TO 
MASTER ACCOUNTS RECEIVABLE PURCHASE AGREEMENT

COMMITMENTS OF THE PURCHASERS

	
		
	Purchaser
	Commitment

	The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch
	$150,000,000

	The Bank of Nova Scotia
	$75,000,000

	Mizuho Bank, Ltd.
	$75,000,000

725829907 17544254

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