Document:

Exhibit 10.1

    

    

    Execution Version

    

    

    AMENDMENT NO. 3, dated as of December 13, 2018
        (this “Amendment”), to the Credit Agreement, dated as of July 30, 2013 (as amended prior to the date hereof  and as further amended, restated, supplemented or
        otherwise modified from time to time prior to the date hereof, the “Credit Agreement”), among Gardner Denver Holdings, Inc. (“Holdings”), Gardner Denver, Inc., (the “U.S. Borrower”), GD German Holdings II GmbH, (the “German Borrower”), GD First (UK) Limited (the “UK Borrower”; and together
        with the German Borrower and the U.S. Borrower, the “Borrowers”), the lenders or other financial institutions or entities from time to time party thereto and
        UBS AG, Stamford Branch, as Administrative Agent, Collateral Agent, Swingline Lender and Letter of Credit Issuer.

    

    

    WHEREAS, Holdings and the U.S. Borrower desire to revise the definition of “Change of Control”;

    

    

    NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the
        receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

    

    

    Section 1.  Defined
            Terms.  Unless otherwise specifically defined in this Amendment, each capitalized term used herein (including in the recitals above) has the meaning assigned to such term in the Credit Agreement (as amended hereby).

    

    

    Section 2.  Amendments. 
        Effective as of the Amendment No. 3 Effective Date, the Credit Agreement is hereby amended as follows:

    

    

    (a)  Section 1.1 of the Credit Agreement is hereby amended by replacing the definition of “Change of Control” in its entirety with the following:

    

    

    ““Change of Control” shall
        mean and be deemed to have occurred if (a) any person, entity or “group” (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended), other than the Permitted Holders, shall at any time have acquired direct or
        indirect beneficial ownership of a percentage of the voting power of the outstanding Voting Stock of Holdings that exceeds 50% thereof, unless the Permitted Holders have, at such time, the right or the ability by voting power, contract or otherwise
        to elect or designate for election at least a majority of the board of directors of Holdings; or (b) at any time prior to a Qualifying IPO of the U.S. Borrower, Holdings shall cease to beneficially own, directly or indirectly, 100% of the issued
        and outstanding equity interests of the U.S. Borrower; provided that, at any time when any of the outstanding Voting Stock of Holdings is directly or indirectly owned by
        a Parent Entity, all references in clause (a) of this definition to “Holdings” (other than in this proviso) shall be deemed to refer to the ultimate Parent Entity that directly or indirectly owns such Voting Stock.”

    

    

    Section 3.  Representations and Warranties.  Each Credit Party represents and warrants to the Lenders as of the Amendment No. 3 Effective Date that:

     

      

    
      
        

    

    (a)  such Credit Party (i) has the corporate or other organizational power and authority to execute,
        deliver and carry out the terms and provisions of this Amendment and the Credit Agreement as amended hereby, and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment
        and (ii) has duly executed and delivered this Amendment, and each of this Amendment and the Credit Agreement as amended hereby constitutes the legal, valid and binding obligation of such Credit Party enforceable against such Credit Party in
        accordance with its terms, except as the enforceability hereof or thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity;

    

    

    (b)  the execution, delivery and performance by such Credit Party of this Amendment, will not (i) contravene any
        applicable provision of any material law, statute, rule, regulation, order, writ, injunction or decree of any court or governmental instrumentality, (ii) result in any breach of any of the terms, covenants, conditions or provisions of, or
        constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of such Credit Party or any of its Restricted Subsidiaries (other than Liens created under
        the Credit Documents) pursuant to, the terms of any material indenture, loan agreement, lease agreement, mortgage, deed of trust, agreement or other material instrument to which such Credit Party or any of its Restricted Subsidiaries is a party or
        by which it or any of its property or assets is bound other than any such breach, default or Lien that could not reasonably be expected to result in a Material Adverse Effect or (iii) violate any provision of the certificate of incorporation,
        by-laws, articles or other organizational documents of such Credit Party or any of its Restricted Subsidiaries;

    

    

    (c)  before and after giving effect to this Amendment, the representations and warranties made by such Credit Party
        contained in the Credit Agreement and the other Credit Documents are true and correct in all material respects (provided that any such representations and warranties which are qualified as to materiality, “Material Adverse Effect” or similar
        language are true and correct in all respects) with the same effect as though such representations and warranties had been made on and as of the Amendment No. 3 Effective Date (except where such representations and warranties expressly relate to an
        earlier date, in which case such representations and warranties were true and correct in all material respects (provided that any such representations and warranties which are qualified as to materiality, Material Adverse Effect or similar language
        were true and correct in all respects) as of such earlier date); and

    

    

    (d)  at the time of and after giving effect to this Amendment, no Default or Event of Default has occurred and is
        continuing.

    

    

    Section 4.  Conditions to
            Effectiveness.  This Amendment shall become effective on the first Business Day on which each of the following conditions is satisfied (such date, the “Amendment
          No. 3 Effective Date”):

    

    

    (a)  The Administrative Agent shall have received (i) from Lenders constituting the Required Lenders, (ii) from the
        Administrative Agent and (iii) from Holdings, the Borrowers and each other Credit Party, either (x) a counterpart of this Amendment signed on behalf of such party or (y) written evidence satisfactory to the Administrative Agent (which may include
        telecopy or other electronic transmission of a signed signature page of this Amendment) that such party has signed a counterpart of this Amendment;

     

      

    
      
        

    

    (b)  At the time of and immediately after giving effect to the Amendment, no Default or Event of Default
        shall have occurred and be continuing;

    

    

    (c)  Before and after giving effect to the Amendment, the representations and warranties made by each Credit Party
        contained in the Credit Agreement and the other Credit Documents shall be true and correct in all material respects (provided that any such representations and warranties which are qualified as to materiality, “Material Adverse Effect” or similar
        language are true and correct in all respects) on and as of the Amendment No. 3 Effective Date with the same effect as though such representations and warranties had been made on and as of the Amendment No. 3 Effective Date (except where such
        representations and warranties expressly relate to an earlier date, in which case such representations and warranties were true and correct in all material respects (provided that any such representations and warranties which are qualified as to
        materiality, Material Adverse Effect or similar language were true and correct in all respects) as of such earlier date);

    

    

    Section 5.  Counterparts. 
        This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to
        constitute one and the same instrument.

    

    

    Section 6.  Governing Law;
            Submission to Jurisdiction, Venue.  The provisions of Sections 13.12 and 13.13 of the Credit Agreement apply to this Amendment, mutatis mutandis.

    

    

    Section 7.  JURY TRIAL
            WAIVER.  EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AMENDMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

    

    

    Section 8.  Headings. 
        Section headings herein are included for convenience of reference only and shall not affect the interpretation of this Amendment.

    

    

    Section 9.  Entire Agreement;
            Severability.  This Amendment is specifically limited to the matters expressly set forth herein. This Amendment and all other instruments, agreements and documents executed and delivered in connection with this Amendment embody the
        final, entire agreement among the parties hereto with respect to the subject matter hereof and supersede any and all prior commitments, agreements, representations and understandings, whether written or oral, relating to the matters covered by this
        Amendment, and may not be contradicted or varied by evidence of prior, contemporaneous or subsequent oral agreements or discussions of the parties hereto. There are no oral agreements among the parties hereto relating to the subject matter hereof
        or any other subject matter relating to the Credit Agreement.  Any term or 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 term or provision so held to be invalid or unenforceable.

     

      

    
      
        

    

    Section 10.  Effect of Amendment.

     

      

    (a)  Each reference that is made in the Credit Agreement or any Credit Document to the “Credit Agreement” shall
        hereafter be construed as a reference to the Credit Agreement as amended hereby,  Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and
        remedies of the Lenders or the Agents under the Credit Agreement or any other Credit 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 or any other provision of the Credit Agreement or any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.

    

    

    (b)  By executing and delivering a copy hereof, each Credit Party hereby consents to this Amendment and the
        transactions contemplated hereby and each U.S. Credit Party hereby confirms its respective guarantees, pledges and grants of security interests, and other obligations, as applicable, under and subject to the terms of each of the Credit Documents to
        which it is party, and agrees that, notwithstanding the effectiveness of this Amendment, such guarantees, pledges and grants of security interests, and other obligations, and the terms of each of the Credit Documents to which it is a party, shall
        continue to be in full force and effect, including to secure the Obligations.  For the avoidance of doubt, on and after the Amendment No. 3 Effective Date, this Amendment shall for all purposes constitute a Credit Document.

    

    

    (c)  The parties hereto acknowledge and agree that the amendment of the Credit Agreement pursuant to this Amendment and
        all other Credit Documents amended and/or executed and delivered in connection herewith shall not constitute a novation of the Credit Agreement and the other Credit Documents as in effect prior to the Amendment No. 3 Effective Date.

    

    

    
      
        

    

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

    

    

    	 	
            HOLDINGS:

          
	 	 	 
	 	
            GARDNER DENVER HOLDINGS, INC.

          
	 	 	 
	 	 	 
	 	
            By:

          	
            /s/ Andrew R. Schiesl

          
	 	
            

            

          	
            
              Name:

            

          	
            Andrew R. Schiesl

          
	 	
            

            

          	
            Title:

          	
            Vice President, General Counsel,

            Chief Compliance Officer & Secretary

          
	 	 	 
	 	 	 
	 	
            U.S. BORROWER

          
	

          	

          	

          
	 	
            GARDNER DENVER, INC.

          
	 	 	 
	 	 	 
	 	
            By:

          	
            /s/ Andrew R. Schiesl

          
	 	
            

            

          	
            Name:

          	
            Andrew R. Schiesl

          
	 	
            

            

          	
            Title:

          	
            Vice President, General Counsel, 

            Chief Compliance Officer & Secretary

          
	 	 	 
	 	 	 
	 	
            GERMAN BORROWER

          
	 	 	 
	 	
            GD GERMAN HOLDINGS II GMBH

          
	 	 	 
	 	 	 
	 	
            By:

          	
            /s/ Andrew R. Schiesl

          
	 	
            

            

          	
            Name:

          	
            Andrew R. Schiesl

          
	 	
            

            

          	
            
              Title:

            

          	
            Managing Director

          
	 	 	 
	 	 	 
	 	
            UK BORROWER

          
	 	 	 
	 	
            GD FIRST (UK) LIMITED

          
	 	 	 
	 	 	 
	 	
            By:

          	
            /s/ Andrew R. Schiesl

          
	 	

          	
            Name:

          	
            Andrew R. Schiesl

          
	 	
            

            

          	
            Title:

          	
            Director

          

     

    

     

    

     
      [Signature Page to Amendment No. 3]

    

    
      
        

    

    	 	
            OTHER CREDIT PARTIES:

          
	 	 	 
	 	
            EMCO WHEATON USA, INC.

          
	 	
            GD GLOBAL HOLDINGS, INC.

          
	 	
            GARDNER DENVER INVESTMENTS, INC.

          
	 	
            GARDNER DENVER INTERNATIONAL, INC.

          
	 	 	 
	 	 	 
	 	
            By:

          	
            /s/ Andrew R. Schiesl

          
	 	
            

            

          	
            Name:

          	
            Andrew R. Schiesl

          
	 	
            

            

          	
            
              Title:

            

          	
            President

          
	 	 	 
	 	 	 
	 	
            GARDNER DENVER NASH LLC

          
	 	
            GARDNER DENVER THOMAS, INC.

          
	 	
            LEROI INTERNATIONAL, INC.

          
	 	
            GARDNER DENVER PETROLEUM PUMPS LLC

          
	 	
            THOMAS INDUSTRIES INC.

          
	 	
            TRI-CONTINENT SCIENTIFIC, INC.

          
	 	 	 
	 	 	 
	 	
            By:

          	
            /s/ Andrew R. Schiesl

          
	 	
            

            

          	
            Name:

          	
            Andrew R. Schiesl

          
	 	

          	
            
              Title:

            

          	
            Secretary

          

    

    

    
       

      

      [Signature Page to Amendment No. 3]

    

    
      
        

    

    	 	
            UBS AG, STAMFORD BRANCH, as Administrative Agent and Collateral Agent

          
	 	 	 
	 	 	 
	 	
            By:

          	
            /s/ Darlene Arias

          
	 	
            

            

          	
            Name:

          	
            Darlene Arias

          
	 	
            

            

          	
            
              Title:

            

          	
            Director

          
	 	 	 
	 	 	 
	 	
            By:

          	
            /s/ Kenneth Chin

          
	 	

          	
            Name:

          	
            Kenneth Chin

          
	 	
            

            

          	
            Title:

          	
            Director

          

    

    

    
       

      

      [Signature Page to Amendment No. 3]

    

    
      
        

    

    Lender signature pages on fileExhibit

SECURITIES PURCHASE AGREEMENT

This SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of  December 13, 2018, is entered into by and between StarTek Inc., a Delaware corporation (the “Corporation”), and CSP Alpha Holdings Parent Pte Ltd, a Singapore private limited company (the “Purchaser”).

WHEREAS, upon the terms and conditions contained in this Agreement, the Purchaser desires to purchase, and the Corporation desires to issue and sell to the Purchaser, the Purchased Shares (as defined below).

NOW, THEREFORE, in consideration of the mutual representations, warranties, covenants and agreements of the parties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
1.Purchase and Sale.  Subject to the terms and conditions of this Agreement, the Purchaser hereby irrevocably agrees to purchase, and the Corporation agrees to issue and sell to the Purchaser, 368,098 shares (the “Purchased Shares”) of Common Stock, par value $0.01 per share (the “Common Stock”), of the Corporation at a price per share of $6.52 (the “Purchase Price”).  As soon as practicable following the execution and delivery of this Agreement, (i) the Purchaser shall deliver to the Corporation by wire transfer of immediately available funds an amount in cash equal to the Purchase Price multiplied by the number of Purchased Shares and (ii) the Corporation shall deliver to the Purchaser certificates representing the Purchased Shares.
2.Representations, Warranties and Covenants of the Purchaser.  The Purchaser hereby acknowledges, represents, warrants and agrees as follows, as of the date hereof:
(a)The Purchaser (i) is a private limited company duly organized, validly existing and in good standing under the laws of Singapore and (ii) has all requisite power and authority to carry on the businesses in which it is engaged and to own and use the properties owned and used by it.
(b)The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement.  The execution, delivery and performance of this Agreement have been duly and validly authorized by all necessary corporate and other action on the part of the Purchaser.  This Agreement has been duly and validly executed and delivered by the Purchaser and, assuming the due authorization, execution and delivery by the Corporation, constitutes the valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as the enforceability hereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally or applicable equitable principles (whether considered in a proceeding at law or in equity).
(c)The Purchaser acknowledges and agrees that the Purchased Shares will be acquired for investment for the Purchaser’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof in violation of any applicable securities laws, and that the Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same.  The Purchaser represents and warrants that the Purchaser has such knowledge and experience in financial and business matters that the Purchaser is capable of evaluating the merits and risks of owning the Purchased Shares.
(d)The Purchaser understands that the Purchased Shares have not been, and upon issuance will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Purchaser’s representations and warranties as expressed herein.  The Purchaser understands that the Purchased Shares will be “restricted securities” under applicable securities laws and that, pursuant to these laws, the Purchaser must hold such shares indefinitely unless they are registered with the Securities and Exchange Commission and qualified by state authorities, or an exemption from such registration and qualification requirements is available.

(a)The Purchaser understands that the Purchased Shares may be notated with the following legend:
“THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF.  NO SUCH TRANSFER MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.”
(e)The Purchaser is an “accredited investor” (as defined in Regulation D promulgated under the Securities Act).
(f)The Purchaser acknowledges that it has conducted to its satisfaction its own independent investigation and analysis of the business, operations, assets, liabilities, results of operations, condition (financial or otherwise) and prospects of the Corporation and that the Purchaser has received access to such books and records, facilities, equipment, contracts and other assets of the Corporation that it has desired or requested to review for such purpose, and that it has had a full opportunity to meet with the management of the Corporation and to discuss the business, operations, assets, liabilities, results of operations, condition (financial or otherwise) and prospects of the Corporation.
(g)The Purchaser acknowledges that, except for the representations and warranties contained in this Agreement, none of the Corporation or any of its affiliates or representatives or any other person makes (and the Purchaser is not relying on) any representation or warranty, express or implied, to the Purchaser in connection with the transactions contemplated by this Agreement.
3.Representations and Warranties of the Corporation.  The Corporation hereby acknowledges, represents and warrants, and agrees, as of the date hereof, as follows:
(a)The Corporation is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, has all requisite corporate power and authority to own, lease and operate its properties and assets (either owned or leased) and to carry on its business as now being conducted, and is duly qualified to do business and, where applicable as a legal concept, is in good standing as a foreign corporation in each jurisdiction in which the character of the properties it owns, operates or leases or the nature of its activities makes such qualification legally required, except for such failures to be so organized, qualified or in good standing that, individually or in the aggregate, would not reasonably be expected to have a material adverse effect.
(b)The Purchased Shares, upon issuance on the terms and conditions specified in this Agreement, will be duly authorized, validly issued, fully paid and nonassessable.
(c)The Corporation has all necessary power and authority to execute, deliver and perform its obligations under this Agreement.  The execution, delivery and performance of this Agreement have been duly and validly authorized by all necessary corporate and other action on the part of the Corporation.  This Agreement has been duly and validly executed and delivered by the Corporation and, assuming the due authorization, execution and delivery by the Purchaser, constitutes the valid and binding obligation of the Corporation, enforceable against the Corporation in accordance with its terms, except as the enforceability hereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally or applicable equitable principles (whether considered in a proceeding at law or in equity).
(d)The Purchased Shares constitute Registrable Securities (as defined in the Stockholders Agreement, dated as of July 20, 2018, by and between the Corporation and the Purchaser).
4.Amendments.  No amendment, supplement or modification of this Agreement shall be effective unless in writing signed by all of the parties hereto.

5.Assignability.  This Agreement and the rights, interests and obligations hereunder are not transferable or assignable by either party without the prior written consent of the other party.
6.Applicable Law.  This Agreement and all disputes arising out of or relating hereto shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any principles of conflicts of laws thereof or of any other jurisdiction.  
7.Entire Agreement.  This Agreement constitutes the entire agreement of the Corporation and the Purchaser with respect to the subject matter hereof.
8.Counterparts.  This Agreement may be executed and delivered in one or more counterparts, and by the different parties in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.  Exchange and delivery of this Agreement by exchange of facsimile copies, or electronic copies via email, bearing the facsimile or electronic signature of a party shall constitute a valid and binding execution and delivery of this Agreement by such party.  Such facsimile copies, or electronic email copies, shall constitute legally enforceable original documents.

Signature Page to Securities Purchase Agreement
 
IN WITNESS WHEREOF, the parties hereto have executed this Securities Purchase Agreement as of the date first written above.
CORPORATION
STARTEK, INC.

By:    /s/ Lance Rosenzweig                               
Name: Lance Rosenzweig
Title: Chief Executive Officer

PURCHASER

CSP ALPHA HOLDINGS PARENT PTE, LTD. 

By:    /s/ Mukesh Sharda                                      
Name: Mukesh Sharda
Title: Director

By:    /s/ Bharat Rao                                             
Name: Bharat Rao
Title: Director

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