Document:

caci-ex1010_15.htm

 

 

FIRST INCREMENTAL FACILITY AMENDMENT TO

CREDIT AGREEMENT

 

Dated as of February 1, 2016

 

among

 

CACI INTERNATIONAL INC,
as the Borrower,

THE SUBSIDIARIES OF THE BORROWER IDENTIFIED HEREIN,
as the Guarantors,

BANK OF AMERICA, N.A.,
as Administrative Agent, Swing Line Lender and L/C Issuer,

 

and

 

THE OTHER LENDERS PARTY HERETO

 

 

Arranged By:

 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

J.P. Morgan Securities LLC, 

PNC Capital Markets LLC, 

Royal Bank of Canada, 

SunTrust Robinson Humphrey, Inc., 

Wells Fargo Securities, LLC, The Bank of Tokyo-Mitsubishi UFJ, Ltd. 

and 

Fifth Third Bank,

as Joint Lead Arrangers and Joint Bookrunners

 

 

FIRST INCREMENTAL FACILITY AMENDMENT

THIS FIRST INCREMENTAL FACILITY AMENDMENT (this “Amendment”) dated as of February 1, 2016 to the Credit Agreement referenced below is by and among CACI International Inc, a Delaware corporation (the “Borrower”), the Guarantors identified on the signature pages hereto, the Lenders identified on the signature pages hereto and Bank of America, N.A., in its capacity as Administrative Agent (in such capacity, the “Administrative Agent”).

W I T N E S S E T H

WHEREAS, revolving credit and term loan facilities have been extended to the Borrower pursuant to the Credit Agreement dated as of October 21, 2010 among the Borrower, the Guarantors identified therein, the Lenders identified therein and the Administrative Agent (as amended, modified, supplemented, increased and extended from time to time, the “Credit Agreement”); and

WHEREAS, the Borrower has notified the Administrative Agent that pursuant to Section 2.17 of the Credit Agreement the Lenders party hereto (each an “Incremental Lender”) have agreed to provide an NSS Incremental Term Facility in the aggregate principal amount of $300,000,000 to the Borrower. 

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.Defined Terms.  Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement (as amended hereby).

2.Establishment of Incremental Tranche A-2 Term Loan.  

2.1.Subject to the terms and conditions provided herein, a new term loan in the original principal amount of $300,000,000 (the “Tranche A-2 Term Loan”) is hereby established as an NSS Incremental Term Facility pursuant to Section 2.17 of the Credit Agreement

2.2.Subject to the terms and conditions set forth herein and the Credit Agreement (as amended by this Amendment), each Incremental Lender severally agrees to make its portion of the Tranche A-2 Term Loan to the Borrower in Dollars in a single advance on the date hereof in an amount not to exceed such Lender’s Tranche A-2 Term Loan Commitment set forth on Schedule A hereto.  Amounts repaid on the Tranche A-2 Term Loan may not be reborrowed.  The Tranche A-2 Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided in the Credit Agreement.

 

3.Amendments to the Credit Agreement.  In connection with the establishment of the Tranche A-2 Term Loan pursuant to this Amendment, the Credit Agreement is amended in the following respects: 

 

3.1.Section 1.01 of the Credit Agreement is hereby amended by inserting the following new definitions in the appropriate alphabetical order: 

“First Incremental Facility Amendment” means that certain First Incremental Facility Amendment to Credit Agreement, dated as of the First Incremental Facility Amendment Effective Date, by and among the Loan Parties, the Administrative Agent and the Lenders party thereto. 

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“First Incremental Facility Amendment Effective Date” means February 1, 2016. 

“Term Facility” means each term loan provided under this Agreement including the Tranche A-1 Term Loan, the Tranche A-2 Term Loan and any Incremental Facility that is a term loan.

“Tranche A-1 Term Loan” has the meaning specified in Section 2.01(b).

“Tranche A-1 Term Loan Commitment” means, as to each Lender, its obligation to make its portion of the Tranche A-1 Term Loan to the Borrower on the Fifth Amendment Closing Date (including, as applicable, the deemed funding of a portion of the Tranche A-1 Term Loan to the extent funded prior to the Fifth Amendment Closing Date and from and after the Closing Date) pursuant to Section 2.01(b), in the principal amount set forth opposite such Lender’s name on Schedule 2.01 as of the Fifth Amendment Closing Date.  The aggregate principal amount of the Tranche A-1 Term Loan Commitment of all of the Lenders as in effect on the Fifth Amendment Closing Date is EIGHT HUNDRED THIRTY-ONE MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS ($831,250,000).

“Tranche A-2 Term Loan” means the term loan made to the Borrower pursuant to the First Incremental Facility Amendment to this Agreement.

“Tranche A-2 Term Loan Commitment” means, as to each Lender, its obligation to make its portion of the Tranche A-2 Term Loan to the Borrower pursuant to the First Incremental Facility Amendment to this Agreement in the principal amount set forth opposite such Lender’s name on Schedule A to the First Incremental Facility Amendment to this Agreement.  The aggregate principal amount of the Tranche A-2 Term Loan Commitment of all of the Lenders in effect on the First Incremental Facility Amendment Effective Date is THREE HUNDRED MILLION DOLLARS ($300,000,000).

3.2.In Section 1.01 of the Credit Agreement the following definitions are amended in their entirety to read as follows:

“Term Loan” means the Tranche A-1 Term Loan, the Tranche A-2 Term Loan or any term loan provided under an Incremental Facility under this Agreement.

“Term Loan Commitment” means the Tranche A-1 Term Loan Commitment, the Tranche A-2 Term Loan Commitment and any other obligation of a Lender to make its portion of a term loan to the Borrower pursuant to any other Incremental Facility hereunder.

3.3.In Section 1.01 of the Credit Agreement in clause (b) of the definition of “Applicable Percentage” the reference to “the outstanding Term Loan” is amended to read “an outstanding Term Facility” and the reference to “the Term Loan” is amended to read “such Term Facility”. 

3.4.In Section 1.01 of the Credit Agreement, the instances of “the Term Loan” in the definitions of “Loan” and “Loan Notice” are hereby replaced with “a Term Loan”. 

3.5.The instances of “Term Loan” in the title of Section 2.01 and in Section 2.07(c) (including the title thereof and in the table in such section) are hereby replaced with “Tranche A-1 Term Loan”.

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3.6.The instances of “Term Loan” in Section 2.01(b) (including the title thereof) are hereby replaced with “Tranche A-1 Term Loan” and the following is hereby added to the end of the first sentence in Section 2.01(b): “as of the Fifth Amendment Closing Date”. 

3.7.Section 2.02(e) of the Credit Agreement is hereby amended in its entirety to read as follows:

(e)After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than (i) 10 Interest Periods in effect with respect to Revolving Loans, (ii) 10 Interest Periods in effect with respect to the Tranche A-1 Term Loan, (iii) 10 Interest Periods in effect with respect to the Tranche A-2 Term Loan and (iv) a maximum number of Interest Periods as agreed by the Administrative Agent in effect with respect to Incremental Term Facilities.

3.8.Section 2.05(a)(i) of the Credit Agreement is hereby amended in its entirety to read as follows:

(i)Revolving Loans and Term Loans.  The Borrower may, upon delivery of a Notice of Prepayment from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and the Term Loans in whole or in part without premium or penalty; provided that (A) such Notice of Prepayment shall be received by the Administrative Agent not later than 11:00 a.m. (1) two Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loans shall be applied to the remaining principal amortization payments of the Tranche A-1 Term Loan, the Tranche A-2 Term Loan, or any other term loan provided under an Incremental Facility under this Agreement in the manner directed by the Borrower (and absent such direction, to the extent not otherwise provided in the Incremental Facility Amendment for any term loan provided under an Incremental Facility under this Agreement, to all outstanding tranches of Term Loans on a ratable basis and to the remaining principal amortization payments of each applicable Term Loan in direct order of maturity).  Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans.  The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment.  If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.  Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.  Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

 

3.9.Section 2.05(b) of the Credit Agreement is hereby amended in its entirety to read as follows:

 

(b)Discounted Optional Prepayments.  

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(i)Notwithstanding anything to the contrary contained in this Agreement (including Section 2.05(a), Section 2.12(a) or Section 2.13), the Borrower shall have the right at any time and from time to time to prepay the Term Loans at a discount to the par value of the applicable Term Loan and on a non pro rata basis (each a “Discounted Optional Prepayment”); provided that

 

(A)no Default shall have occurred and be continuing or would result from such Discounted Optional Prepayment;

 

(B)no Discounted Optional Prepayment shall be made with the proceeds of any Revolving Loan;

 

(C)such Discounted Optional Prepayment shall be offered to all Lenders holding the applicable Term Loan on a pro rata basis (it being understood that the determination by a Lender that holds a portion of such Term Loan whether to accept such offer shall be in such Lender’s sole discretion);

 

(D)the Borrower shall deliver to the Administrative Agent a certificate stating that at the time of such Discounted Optional Prepayment the Borrower does not have any material non-public information (“MNPI”) that either (x) has not been disclosed to the Lenders (other than those which have elected not to receive such MNPI) prior to such time or (y) would reasonably be expected to have a material effect upon, or otherwise be material to, the market price of the applicable Term Loan or a Lender’s decision to participate in such Discounted Optional Prepayment;

 

(E)the undiscounted aggregate principal amount of the applicable Term Loan prepaid with Discounted Optional Prepayments during the term of this Agreement shall not exceed $100 million; and

 

(F)after giving effect to such Discounted Optional Prepayment, there shall be at least $50 million of Liquidity.

 

(ii)To the extent the Borrower seeks to make a Discounted Optional Prepayment, the Borrower shall provide written notice to the Administrative Agent substantially in the form of Exhibit 2.05-1 hereto (each, a “Discounted Optional Prepayment Notice”) that the Borrower desires to prepay the applicable Term Loan in the aggregate principal amount specified therein (each, a “Proposed Discounted Prepayment Amount”) at a discount to the par value of such Term Loan.  The Proposed Discounted Prepayment Amount of such Term Loan shall not be less than $5,000,000.  The Discounted Optional Prepayment Notice shall further specify with respect to the proposed Discounted Optional Prepayment: (A) the Proposed Discounted Prepayment Amount, (B) a discount range (which may be a single percentage) selected by the Borrower with respect to such proposed Discounted Optional Prepayment (representing the percentage of par of the principal amount of such Term Loan to be prepaid) (the “Discount Range”) and (C) the date by which Lenders are required to indicate their election to participate in such proposed Discounted Optional Prepayment which shall be at least five Business Days following the date of the Discounted Optional Prepayment Notice (the “Acceptance Date”).

 

(iii)Upon receipt of a Discounted Optional Prepayment Notice in accordance with Section 2.05(b)(ii), the Administrative Agent shall promptly notify each Lender that holds a 

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portion of the applicable Term Loan.  On or prior to the Acceptance Date, each such Lender may specify by written notice substantially in the form of Exhibit 2.05-2 hereto (each, a “Lender Participation Notice”) to the Administrative Agent (A) a minimum price (the “Acceptable Price”) within the Discount Range (for example, 80% of the par value of the applicable Term Loan) and (B) a maximum principal amount (subject to rounding requirements specified by the Administrative Agent) of the applicable Term Loan which such Lender is willing to permit a Discounted Optional Prepayment at the Acceptable Price (“Offered Loans”).  Based on the Acceptable Prices and principal amounts of the applicable Term Loan specified by the Lenders in the applicable Lender Participation Notices, the Administrative Agent, in consultation with the Borrower, shall determine the applicable discount for the applicable Term Loan (the “Applicable Discount”), which Applicable Discount shall be (A) the percentage specified by the Borrower if the Borrower has selected a single percentage pursuant to Section 2.05(b)(ii) for the Discounted Optional Prepayment or (B) otherwise, the lowest Acceptable Price at which the Borrower can pay the Proposed Discounted Prepayment Amount in full (determined by adding the principal amounts of Offered Loans commencing with the Offered Loans with the lowest Acceptable Price); provided, however, that in the event that such Proposed Discounted Prepayment Amount cannot be repaid in full at any Acceptable Price, the Applicable Discount shall be the highest Acceptable Price specified by the Lenders that is within the Discount Range.  The Applicable Discount shall be applicable for all Lenders who have offered to participate in the Voluntary Discounted Prepayment and have Qualifying Loans (as defined below).  Any Lender that holds a portion of the applicable Term Loan whose Lender Participation Notice is not received by the Administrative Agent by the Acceptance Date shall be deemed to have declined to accept a Discounted Optional Prepayment of such Term Loan at any discount to their par value within the Applicable Discount. 

 

(iv)The Borrower shall make a Discounted Optional Prepayment by prepaying the applicable Term Loan (or portion thereof) offered by the Lenders (“Qualifying Lenders”) that specify an Acceptable Price that is equal to or lower than the Applicable Discount (“Qualifying Loans”) at the Applicable Discount; provided that if the aggregate proceeds required to prepay all Qualifying Loans (disregarding any interest payable at such time) would exceed the amount of aggregate proceeds required to prepay the Proposed Discounted Prepayment Amount, such amounts in each case calculated by applying the Applicable Discount, the Borrower shall prepay such Qualifying Loans ratably among the Qualifying Lenders based on their respective principal amounts of such Qualifying Loans (subject to rounding requirements specified by the Administrative Agent).  If the aggregate proceeds required to prepay all Qualifying Loans (disregarding any interest payable at such time) would be less than the amount of aggregate proceeds required to prepay the Proposed Discounted Prepayment Amount, such amounts in each case calculated by applying the Applicable Discount, the Borrower shall prepay all Qualifying Loans.  The applicable Term Loan prepaid by the Borrower pursuant to this Section 2.05(b) shall be applied to the remaining principal amortization payments of such Term Loan of the selling Lenders in the manner directed by the Borrower (and absent such direction, to the remaining principal amortization payments in direct order of maturity).

 

(v)Each Discounted Optional Prepayment shall be made within four Business Days of the Acceptance Date (or such other date as the Administrative Agent shall reasonably agree, given the time required to calculate the Applicable Discount and determine the amount and holders of Qualifying Loans), without premium or penalty (but subject to Section 3.05), upon irrevocable notice (provided that such notice may be conditioned on receiving proceeds from any refinancing (but shall remain subject to Section 3.05)) substantially in the form of Exhibit 2.05-3 

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hereto (each a “Notice of Discounted Prepayment”), delivered to the Administrative Agent no later than 11:00 a.m. three Business Days prior to the date of such Discounted Optional Prepayment, which notice shall specify the date and amount of the Discounted Optional Prepayment and the Applicable Discount determined by the Administrative Agent.  Upon receipt of any Notice of Discounted Prepayment the Administrative Agent shall promptly notify each relevant Lender thereof.  If any Notice of Discounted Prepayment is given, the amount specified in such notice shall be due and payable to the applicable Lenders, subject to the Applicable Discount on the applicable Term Loan, on the date specified therein together with accrued interest (on the par principal amount) to but not including such date on the amount prepaid. 

 

(vi)To the extent not expressly provided for herein, each Discounted Optional Prepayment shall be consummated pursuant to reasonable procedures (including as to timing, rounding and calculation of Applicable Discount in accordance with Section 2.05(b)(iii)) established by the Administrative Agent in consultation with the Borrower.

 

(vii)Following a Discounted Optional Prepayment, no interest shall accrue from and after the applicable prepayment date on the applicable Term Loan purchased by the Borrower on such date and such purchased Term Loan shall be deemed cancelled or retired for all purposes and no longer outstanding (and may not be resold by the Borrower) for all purposes of this Agreement and all other Loan Documents (notwithstanding any provisions herein or therein to the contrary), including (A) the making of, or the application of, any payments to the Lenders under this Agreement or any other Loan Document, (B) the making of any request, demand, authorization, direction, notice, consent or waiver under this Agreement or any other Loan Document, (C) the providing of any rights to the Borrower as a Lender under this Agreement or any other Loan Document and (D) the determination of Required Lenders.

 

3.10.The instances of “Term Loan” in Section 2.05(c)(ii) and in Section 2.05(c)(iii) are hereby replaced with “Term Loans”.  The instance of “the Term Loan” in Section 2.05(c)(v) is hereby replaced with “any Term Loans”.

3.11.Section 2.05(c)(iv)(B) of the Credit Agreement is hereby amended in its entirety to read as follows:

(B)with respect to all amounts prepaid pursuant to Section 2.05(c)(ii) or (iii), ratably to the Term Loans (in each case to the next four scheduled quarterly principal amortization payments and thereafter to the remaining scheduled principal amortization payments on a pro rata basis).

3.12.A new Section 2.07(d) is hereby added to the Credit Agreement to read as follows:

(d)Tranche A-2 Term Loan.  The Borrower shall repay the outstanding principal amount of the Tranche A-2 Term Loan in installments on the dates and in the amounts set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02:

 

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Payment Dates
	
Principal Amortization
Payment

	
March 31, 2016
	
$3,750,000.00

	
June 30, 2016
	
$3,750,000.00

	
September 30, 2016
	
$3,750,000.00

	
December 31, 2016
	
$3,750,000.00

	
March 31, 2017
	
$3,750,000.00

	
June 30, 2017
	
$3,750,000.00

	
September 30, 2017
	
$3,750,000.00

	
December 31, 2017
	
$3,750,000.00

	
March 31, 2018
	
$3,750,000.00

	
June 30, 2018
	
$3,750,000.00

	
September 30, 2018
	
$7,500,000.00

	
December 31, 2018
	
$7,500,000.00

	
March 31, 2019
	
$7,500,000.00

	
June 30, 2019
	
$7,500,000.00

	
September 30, 2019
	
$7,500,000.00

	
December 31, 2019
	
$7,500,000.00

	
March 31, 2020
	
$7,500,000.00

	
Maturity Date for the 

Tranche A-2 Term Loan
	
Unpaid principal balance of the Tranche A-2 Term Loan

 

3.13.The instances of “the Term Loan” in Section 2.16(a)(ix)(A) and in Section 2.16(a)(ix)(B) are hereby replaced with “any Term Loan”.  The instances of “Term Loan” in Section 2.16(a)(ix)(C) are hereby replaced with “Term Loans”.  The instance of “Term Loan” in Section 2.16(b) is hereby replaced with “the applicable Term Loan”.

3.14.The instance of “the Term Loan” in Section 11.06(b)(i)(B) is hereby replaced with “a Term Loan” and the instances of “Term Loan” in Section 11.06(b)(ii) and in Section 11.06(b)(iii) are hereby replaced with “Term Loans” (except where “Term Loan” is part of the phrase “Term Loan Commitment”).  

3.15.Section 11.06(h) of the Credit Agreement is hereby amended in its entirety to read as follows:

(h)Notwithstanding anything to the contrary contained herein, any Lender may assign all or any portion of any Term Loan hereunder to the Borrower, but only if:

(i)such assignment is made in connection with a Discounted Optional Prepayment in accordance with the procedures set forth in Section 2.05(b) and open to all Lenders that hold such Term Loan on a pro rata basis;

(ii)such Term Loan so assigned shall be automatically and permanently cancelled immediately upon acquisition thereof by the Borrower and no longer outstanding for any purpose hereunder; and

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(iii)no such Discounted Optional Prepayment shall be made with the proceeds of any Revolving Loans. 

4.Conditions Precedent.  This Amendment shall become effective as of the date hereof upon satisfaction or waiver of the following conditions precedent:

4.1.Receipt by the Administrative Agent of counterparts of this Amendment duly executed by the Loan Parties and each Incremental Lender.

4.2.Receipt by the Administrative Agent of a Note duly executed by the Borrower in favor of each new Lender that is joining the Credit Agreement by executing this Amendment and has requested a Note from the Borrower.

4.3.Receipt by the Administrative Agent of customary opinions of legal counsel to the Loan Parties (substantially consistent with those opinions delivered in connection with previous amendments to the Credit Agreement), addressed to the Administrative Agent and each Lender, dated as of the date hereof.

4.4.Receipt by the Administrative Agent of the following:

(a)a certificate of each Loan Party, signed by a Responsible Officer of such Loan Party, (A) certifying that the Organization Documents of each Loan Party delivered on the Closing Date (or most recently delivered on the date of any prior amendment to the Credit Agreement, as the case may be) have not been amended, supplemented or otherwise modified and remain in full force and effect as of the date of this Amendment in the form so delivered, (B) certifying and attaching resolutions adopted by the board of directors or equivalent governing body of such Loan Party approving the NSS Facilities and this Amendment, and (C) evidencing the identity, authority and capacity of each Responsible Officer of such Loan Party authorized to act as a Responsible Officer in connection with this Amendment and the other Loan Documents to which such Loan Party is a party; 

(b)such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation; and

(c)evidence reasonably satisfactory to the Administrative Agent that (A) the NSS Acquisition shall have been consummated, or substantially simultaneously with the borrowing of the NSS Facilities, shall be consummated, in all material respects in accordance with the terms of the NSS Purchase Agreement and (B) all existing third party indebtedness for borrowed money of NSS and its Subsidiaries (other than (1) ordinary course capital leases, purchase money indebtedness, equipment financings and other ordinary short term working capital facilities, (2) indebtedness permitted to be incurred prior to the First Incremental Facility Amendment Effective Date under the NSS Purchase Agreement and (3) other indebtedness permitted to remain outstanding under the Credit Agreement after the First Incremental Facility Amendment Effective Date) shall have been repaid, or substantially simultaneously with the borrowing of the NSS Facilities, shall be repaid.

4.5.Receipt by the Administrative Agent of a solvency certificate, dated as of date hereof, of the Borrower’s chief financial officer in substantially the form attached hereto as Exhibit A.

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4.6.Receipt by the Administrative Agent of a certificate signed by a Responsible Officer of the Borrower certifying (with supporting calculations) the Consolidated Total Leverage Ratio of the Borrower and its Subsidiaries as of the date hereof, calculated on a Pro Forma Basis after giving effect to the NSS Acquisition and related transactions on the NSS Acquisition Closing Date. 

4.7.Receipt by the Administrative Agent, the Arrangers and the Lenders of any fees required to be paid on or before the date hereof, to the extent invoices therefor have been delivered to the Borrower at least three (3) Business Days prior to the date hereof (or such later date as the Borrower may reasonably agree).

4.8.Unless waived by the Administrative Agent, the Borrower shall have paid all fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent), to the extent an invoice therefor has been delivered to the Borrower at least three (3) Business Days prior to the date hereof (or such later date as the Borrower may reasonably agree).

5.Amendment is a Loan Document.  This Amendment is a Loan Document and all references to a “Loan Document” in the Credit Agreement and the other Loan Documents (including, without limitation, all such references in the representations and warranties in the Credit Agreement and the other Loan Documents) shall be deemed to include this Amendment.

6.Representations and Warranties.  Subject to the last paragraph of this Section 6, each Loan Party represents and warrants to the Administrative Agent and each Lender that:

(a)The execution, delivery and performance by each Loan Party of this Amendment and the Credit Agreement as amended hereby have been duly authorized by all necessary corporate or other organizational action, and do not (i) contravene the terms of any of such Person’s Organization Documents; (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (A) any material Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (B) any material order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (iii) violate any material Law.

(b)This Amendment has been duly executed and delivered by the Loan Parties and constitutes each of the Loan Parties’ legal, valid and binding obligations, enforceable in accordance with its terms, except (i) as enforceability may be limited by applicable Debtor Relief Laws, by fraudulent conveyance laws or by equitable principles relating to enforceability, (ii) as enforceability of the Liens granted under the Loan Documents may be limited by anti-assignment provisions in contracts with Government Authorities that are not rendered ineffective by applicable law and (iii) as enforceability may be limited by the effect of foreign Laws, rules and regulations as they relate to pledges, if any, of Equity Interests in Foreign Subsidiaries

(c)No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Amendment or the Credit Agreement as amended hereby other than (i) those that 

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have already been obtained and are in full force and effect, (ii) filings to perfect the Liens created by the Collateral Document and (iii) approvals, consents, exemptions, authorizations or other actions, notices or filings which are not material. 

(d)After giving effect to this Amendment, (i) the representations and warranties of each Loan Party contained in the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection therewith, are true and correct in all material respects on and as of the date hereof, except to the extent that (A) such representations and warranties specifically refer to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date, and (B) such representations and warranties are qualified as to materiality, in which case they are true and correct in all respects as of such date (or such earlier date), and (ii) no Event of Default under Sections 9.01(a), (f) or (g) of the Credit Agreement exists.

(e)For purposes of determining withholding Taxes imposed under FATCA, from and after the effective date of the Amendment, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Obligations as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

Notwithstanding the foregoing, the only representations the accuracy of which shall be a condition to the availability of the NSS Facilities on the First Incremental Facility Amendment Effective Date shall be the Specified Representations and the Specified Purchase Agreement Representations.

7.Reaffirmation of Obligations.  Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment and the incurrence of Indebtedness and other transactions contemplated hereby, (b) affirms all of its obligations under the Credit Agreement (as amended hereby) and the other Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

8.Reaffirmation of Security Interests.  Each Loan Party (a) agrees that, notwithstanding the effectiveness of this Amendment, the Security Agreement and each of the other Collateral Documents continue to be in full force and effect and are not impaired or adversely affected in any manner whatsoever, (b) confirms its guaranty of the Obligations and its grant of a security interest pursuant to the Collateral Documents in its assets that constitute Collateral as collateral therefor, all as provided in the Loan Documents as originally executed and (c) acknowledges that such guaranty and grant continues in full force and effect in respect of, and to secure, the Obligations under the Credit Agreement and the other Loan Documents.

9.New Lenders.  By executing this Amendment, each Lender that was not a party to the Credit Agreement prior to the date of this Amendment hereby joins the Credit Agreement as a Lender party thereto, ratifies the terms and conditions of the Credit Agreement and agrees to be bound by all of the terms and conditions of the Credit Agreement.

10.No Other Changes.  Except as modified hereby, all of the terms and provisions of the Loan Documents shall remain in full force and effect.

11.Counterparts; Delivery.  This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of 

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which when taken together shall constitute a single contract.  Delivery of an executed counterpart of this Amendment by facsimile or other electronic imaging means shall be effective as an original. 

12.Governing Law.  This Amendment shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with, the laws of the State of New York.

[SIGNATURE PAGES FOLLOW]

 

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

 

	
BORROWER:
	
CACI INTERNATIONAL INC, a Delaware corporation

 

By: /s/ Thomas A. Mutryn

Name: Thomas A. Mutryn

Title: Executive Vice President and Chief Financial Officer

 

	
GUARANTORS:
	
CACI PRODUCTS COMPANY, a Delaware corporation

CACI PRODUCTS COMPANY CALIFORNIA, a California corporation

CACI, INC. - FEDERAL, a Delaware corporation

CACI, INC. - COMMERCIAL, a Delaware corporation

CACI TECHNOLOGIES, INC., a Virginia corporation

CACI DYNAMIC SYSTEMS, INC., a Virginia corporation

CACI PREMIER TECHNOLOGY, INC., a Delaware corporation

CACI MTL SYSTEMS, INC., a Delaware corporation

CACI-CMS INFORMATION SYSTEMS, INC, a Virginia corporation

CACI ENTERPRISE SOLUTIONS, INC., a Delaware corporation

R.M. VREDENBURG & CO, a Virginia corporation

CACI-WGI, INC., a Delaware corporation

CACI SECURED TRANSFORMATIONS, INC., a Florida corporation

CACI-NSR, INC., a Delaware corporation

CACI TECHNOLOGY INSIGHTS, INC., a Virginia corporation

CACI-ATHENA, INC., a Delaware corporation

BUSINESS DEFENSE AND SECURITY CORPORATION, 

a Virginia corporation

CACI-ISS, INC., a Delaware corporation

CACI-SYSTEMWARE INC., a California corporation

APPLIED SYSTEMS RESEARCH, INC., a Virginia corporation

TECHNIGRAPHICS, INC., an Ohio corporation

PANGIA TECHNOLOGIES, LLC, a Nevada limited liability company

DELTA SOLUTIONS AND TECHNOLOGIES, INC. a Virginia corporation

CACI-APG, LLC, a Virginia limited liability company

PARADIGM SOLUTIONS CORPORATION, a Maryland corporation

TRINITY INFORMATION MANAGEMENT SERVICES, INC., 

a Nevada corporation

EMERGINT TECHNOLOGIES, INC., a Georgia corporation

IDL SOLUTIONS, INC., a Wisconsin corporation

Six3 Systems, Inc., a Delaware corporation 

Six3 Systems Holdings II, Inc., a Delaware corporation 

Six3 Enterprise Systems, LLC, a Maryland limited liability company

Six3 Advanced Systems, Inc., a Virginia corporation 

Six3 Intelligence Solutions, Inc., a Virginia corporation 

Ticom Geomatics, Inc., a Texas corporation 

 

By: /s/ Thomas A. Mutryn

Name: Thomas A. Mutryn

Title: Executive Vice President and Chief Financial Officer

 

CACI INTERNATIONAL INC

FIRST INCREMENTAL FACILITY AMENDMENT TO CREDIT AGREEMENT

 

LTC Engineering Associates, Inc., a Florida corporation 

 

By: /s/ Thomas A. Mutryn

Name: Thomas A. Mutryn

Title: Executive Vice President and Chief Financial Officer

CACI INTERNATIONAL INC

FIRST INCREMENTAL FACILITY AMENDMENT TO CREDIT AGREEMENT

 

ADMINISTRATIVE AGENT:BANK OF AMERICA, N.A., as Administrative Agent 

 

By: /s/ Roberto Salazar

Name: Roberto Salazar

Title: Vice President

 

 

 

CACI INTERNATIONAL INC

FIRST INCREMENTAL FACILITY AMENDMENT TO CREDIT AGREEMENT

LENDERS:BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender 

 

By: /s/ Larry Van Sant

Name:  Larry Van Sant

Title:  Senior Vice President

 

 

Capital One National Association

 

By: /s/ Joseph C. Costa

Name:  Joseph C. Costa

Title:  Senior Vice President

 

MANUFACTURERS AND TRADERS TRUST COMPANY

 

By: /s/ R. Mark Swaak

Name:  R. Mark Swaak

Title:  Vice President

 

JPMORGAN CHASE BANK, N.A.

 

By: /s/ Mark D. Brown

Name:  Mark D. Brown

Title:  Managing Director

 

PNC BANK, NATIONAL ASSOCIATION

 

By: /s/ Steven Day

Name:  Steven Day

Title:  Assistant Vice President

 

ROYAL BANK OF CANADA

 

By: /s/ Richard C. Smith

Name:  Richard C. Smith

Title:  Authorized Signatory

 

SUNTRUST BANK

 

By: /s/ Anika Kirs

Name:  Anika Kirs

Title:  Vice President

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

By: /s/ Scott Santa Cruz

Name:  Scott Santa Cruz

Title:  Managing Director

 

CITIZENS BANK OF PENNSYLVANIA

 

By: /s/ James Fox

Name:  James Fox

Title:  Director

 

BANK OF GEORGETOWN

 

By: /s/ EDWARD J. GOEDECKE

Name:  Edward J. Goedecke

Title:  Senior Vice President

 

 

GOLDMAN SACHS BANK USA

 

By: /s/ Rebecca Kratz

Name:  Rebecca Kratz

Title:  Authorized Signatory

 

THE BANK OF TOKYO MITSUBISHI UFJ,  LTD

 

By: /s/ Maria Iarriceio

Name:  Maria Iarriceio

Title:  Director

 

FIFTH THIRD BANK

 

By: /s/ Douglas T. Brown

Name:  Douglas T. Brown

Title:  Senior Vice President

 

XENITH BANK

 

By: /s/ M.C. O’Grady

Name:  M.C. O’Grady

Title:  Senior Vice PresidentExhibit 4.1

 

FIRST AMENDMENT
 TO
 SECURITIES PURCHASE AGREEMENT

 

This FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENT (this “Amendment”), dated as of February 3, 2016, by and among Mattress Firm, Inc., a Delaware corporation (the “Buyer”), HMK Mattress Holdings LLC, a Delaware limited liability company (the “Company”), CCP IV Holdings, LLC, a Delaware limited liability company (“CCP IV Blocker”), CXV Holdings, LLC, a Delaware limited liability company (“CXV Blocker”), and CCP IV SBS Holdings, LLC, a Delaware limited liability company (“CCP IV SBS Blocker,” and collectively with CCP IV Blocker and CXV Blocker, the “Blockers”), David Acker, solely in his capacity as a representative of the Sellers, Calera Capital Partners IV, L.P., a Delaware limited partnership and solely in its capacity as a representative of the Sellers (together with David Acker (in his capacity as a representative of the Sellers), the “Sellers Representative”), Adam Blank, as trustee of the Adam Blank 2012 GRAT, and Andrew Singer and Diane Weissman, as trustees of the Adam Blank 2012 Dynasty Trust.  Each of the parties to this Amendment is referred to individually as a “Party” and collectively as the “Parties”.  Capitalized terms used herein but not otherwise defined herein shall have the respective meanings assigned to such terms in that certain Securities Purchase Agreement, dated November 25, 2015, by and between the Parties and the equityholders of the Company and the Blockers listed on the signature pages thereto (as amended, the “Purchase Agreement”).

 

WITNESSETH:

 

A.                                    The Parties have entered into the Purchase Agreement, which sets forth the Parties’ rights and obligations;

 

B.                                    Pursuant to Section 10.22(a)(v) of the Purchase Agreement, each Seller has appointed the Sellers Representative to act as such Seller’s representative, agent, proxy and attorney-in-fact to execute and deliver any consent, amendment or waiver to the Purchase Agreement without first obtaining the prior approval of any of the Sellers; and

 

C.                                    The Parties desire to amend the Purchase Agreement with respect to certain closing cash payment methods, as more fully described below.

 

NOW, THEREFORE, in consideration of the premises set forth above, which are incorporated in this Amendment as if fully set forth below, and the representations, warranties, covenants and agreements contained in this Amendment, and intending to be legally bound hereby, the Parties agree as follows:

 

ARTICLE I
 AMENDMENTS

 

1.1                         The third recital in the Purchase Agreement is amended and restated in its entirety to read as follows:

 

“WHEREAS, concurrently with the execution and delivery of this Agreement, Adam Blank has executed and delivered to the Buyer a contribution agreement, dated as

 

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of the date hereof, by and among Adam Blank, Mattress Firm Holding Corp, a Delaware corporation (“MFRM”) and the Buyer and/or its Affiliates, which will be joined at, or prior to, the Closing by Adam Blank, as trustee of the Adam Blank 2012 GRAT, and Andrew Singer and Diane Weissman, as trustees of the Adam Blank 2012 Dynasty Trust (together with the schedules and exhibits attached thereto and the joinder, the “Contribution Agreement”), pursuant to which Adam Blank, individually, Adam Blank, as trustee of the Adam Blank 2012 GRAT, and Andrew Singer and Diane Weissman, as trustees of the Adam Blank 2012 Dynasty Trust, will, at, or immediately prior to, the Closing, contribute certain of their respective Company Units to the Buyer (the “Contributed Units”) in exchange for shares of common stock of MFRM, subject to the terms and conditions set forth in the Contribution Agreement;”

 

1.2                         Section 1.2 of the Purchase Agreement is amended and restated in its entirety to read as follows:

 

“Closing. The consummation of the transactions contemplated by this Agreement shall take place at a closing (the “Closing”) to be held at the offices of Gibson, Dunn & Crutcher LLP, 200 Park Avenue, New York, New York, 10166, either on February 5, 2016 or at such other place or at such other time or on such other date as the parties hereto mutually may agree in writing.  The day on which the Closing actually takes place is referred to as the “Closing Date.”“

 

1.3                         Section 1.3(a) of the Purchase Agreement is amended and restated in its entirety to read as follows:

 

“Closing Cash Payment.  At the Closing, the Buyer shall deliver to the Sellers, in the aggregate, an amount in cash equal to the Estimated Net Purchase Price; provided, that (i) an amount of cash equal to no less than $8,000,000 and no more than $10,000,000, which amount would otherwise be payable to Adam Blank, individually, Adam Blank, as trustee of the Adam Blank 2012 GRAT, and/or Andrew Singer and Diane Weissman, as trustees of the Adam Blank 2012 Dynasty Trust, pursuant this Section 1.3, in each case in the sole discretion of that Seller, shall instead be paid in shares of common stock of MFRM pursuant to the Contribution Agreement and (ii) the Estimated Net Purchase Price Per Seller payable to the Blocker Unit Sellers pursuant to this Section 1.3, shall be paid in accordance with Section 1.3(d).  Subject to the immediately preceding sentence, the Buyer shall pay to each Seller an amount equal to such Seller’s Estimated Net Purchase Price Per Seller, as calculated and determined by the Sellers Representative, such payment to be made by wire transfer of immediately available funds to such Seller’s account that has been specified in writing by the Sellers Representative not later than two (2) Business Days prior to the Closing.  Each Seller hereby agrees that the Buyer shall have no responsibility for the calculation of the Estimated Net Purchase Price Per Seller to the appropriate Seller under this Section 1.3(a), the Buyer’s sole responsibility with respect to payments under this Section 1.3(a) being to make payments in such amounts and to such accounts as are specified in writing by the Sellers Representative.  For the avoidance of doubt, only Profits Units that are Eligible Profits Units shall be entitled to any payment hereunder and each Seller holding any Profits Units agrees that any Profits Units that have not vested prior to the Closing

 

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and do not vest in connection with the Closing in accordance with the terms of the grant agreement(s) applicable to such Profits Units shall be forfeited as of the Closing.”

 

1.4                               Section 1.3(c) of the Purchase Agreement is amended and restated in its entirety to read as follows:

 

“At least three (3) Business Days prior to the anticipated Closing Date, Adam Blank, individually, Adam Blank, as trustee of the Adam Blank 2012 GRAT, and Andrew Singer and Diane Weissman, as trustees of the Adam Blank 2012 Dynasty Trust, collectively shall deliver to the Buyer a signed, written notice setting forth the exact amount of the Estimated Net Purchase Price Per Seller payable pursuant to Section 1.3(a) that Adam Blank, individually, Adam Blank, as trustee of the Adam Blank 2012 GRAT, and Andrew Singer and Diane Weissman, as trustees of the Adam Blank 2012 Dynasty Trust, desire to receive in shares of common stock of MFRM in lieu of cash.”

 

1.5                               The Purchase Agreement is amended to add a Section 1.3(d) and Section 1.3(e) which shall read in its entirety as follows:

 

“(d)                           The Estimated Net Purchase Price Per Seller payable to each of the Blocker Unit Sellers pursuant to Section 1.3 shall be paid as follow:

 

(i)                                     415,270 shares of common stock of MFRM to Calera Capital Partners IV, L.P.;

 

(ii)                                  409,097 shares of common stock of MFRM to Calera XV, LLC;

 

(iii)                               14,793 shares of common stock of MFRM to Calera Capital Partners IV Side-By-Side, L.P.; and

 

(iv)                              an amount in cash equal to (A) such Blocker Unit Seller’s Estimated Net Purchase Price Per Seller, as calculated and determined by the Sellers Representative, minus (B) the Equity Consideration Amount applicable in respect of such Blocker Unit Seller, such payment to be made by wire transfer of immediately available funds to such Blocker Unit Seller’s account that has been specified in writing by the Sellers Representative not later than two (2) Business Days prior to the Closing.

 

(e)                                  Each share of common stock of MFRM issued to each Blocker Unit Seller pursuant to this Section 1.3 shall reflect the following restrictive legends:

 

“THESE SHARES OF COMMON STOCK HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR ANY STATE SECURITIES LAWS.  THE SHARES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED, EXCHANGED,

 

3

 

TRANSFERRED OR OTHERWISE DISPOSED OF (I) UNLESS (A) REGISTERED UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES AND “BLUE SKY” LAWS OR (B) AN EXEMPTION FROM REGISTRATION UNDER THE ACT AND ANY SUCH LAWS IS AVAILABLE OR (II) UNLESS SOLD PURSUANT TO AND IN COMPLIANCE WITH RULE 144 OF THE ACT AND APPLICABLE SECURITIES OR “BLUE SKY” LAWS.”

 

1.6                               Sections 1.5(a)(vi) and (vii) of the Purchase Agreement are amended and restated in its entirety to read as follows:

 

“(vi)                        to the Sellers Representative, a secretary’s certificate from the Buyer, which certifies as true, accurate, and complete, as of the Closing Date:  (A) the Buyer’s certificate of incorporation, as amended; (B) the Buyer’s bylaws, as amended; (C) a copy of the resolutions of the Buyer’s board of directors authorizing the execution, delivery, and performance of this Agreement and the ancillary agreements described herein, and the consummation by the Buyer of the transactions contemplated hereby and thereby, including the issuance of all shares to be delivered hereunder to the applicable Sellers; and (D) the incumbency of the officer or officers authorized to execute on behalf of the Buyer this Agreement and any ancillary agreements;

 

(vii)                           to the Sellers, a certificate, dated as of the Closing Date and duly executed by an authorized officer on behalf of the Buyer, certifying the matters set forth in Section 6.2(a) and Section 6.2(b); and”

 

1.7                               The Purchase Agreement is amended to add Section 1.5(a)(viii) which shall read in its entirety as follows:

 

“to each of the Blocker Unit Sellers, evidence of the delivery of an irrevocable instruction letter to MFRM’s transfer agent authorizing and directing such transfer agent to issue the shares of common stock of MFRM payable to such Blocker Unit Seller pursuant to Section 1.3(d) to such Blocker Unit Seller (it being agreed that Buyer and MFRM shall take any other actions reasonably necessary to cause the issuance of such shares of common stock of MFRM as contemplated hereunder).”

 

1.8                               The Purchase Agreement is amended to add Section 3.7 which shall read in its entirety as follows:

 

“Investment Intent.

 

(a)                                 Each Blocker Unit Seller is acquiring shares of common stock of MFRM for its own account for investment purposes only and not with a view to any public distribution thereof or with any intention of selling, distributing or otherwise disposing of such shares of common stock of MFRM in a manner that would violate the registration requirements of the Securities Act.  Each Blocker Unit Seller agrees that the Securities may not be sold, transferred, offered for sale, pledged, hypothecated or otherwise disposed of without registration under the Securities Act and any applicable state securities Laws, except pursuant to an exemption from such registration under the Securities Act and such Laws.  Each Blocker Unit Seller is able to bear the economic risk of holding the shares of

 

4

 

common stock of MFRM received pursuant to this Agreement for an indefinite period (including total loss of its investment) and (either alone or together with its Representatives) has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risk of its investment.

 

(b)                                 Each Blocker Unit Seller acknowledges and agrees that (i) MFRM and Buyer have provided its advisors and agents, if any, with the opportunity to ask questions of MFRM, Buyer and each of its representatives or agents concerning the terms of its potential acquisition of shares of common stock of MFRM pursuant to this Agreement, and all such questions have been answered to each Blocker Unit Seller’s satisfaction, (ii) each Blocker Unit Seller has, to the extent such Blocker Unit Seller has deemed necessary, retained (at its own expense) and relied upon appropriate professional advice of its own advisors regarding the investment, Tax and legal merits and consequences of an investment in the shares of common stock of MFRM to be acquired by each Blocker Unit Seller pursuant to this Agreement, (iii) each Blocker Unit Seller’s advisors and agents, if any, have been furnished (or provided access to) all material information regarding the business and financial condition of MFRM, the attributes of the common stock of MFRM and the merits and risks of an investment in shares of common stock of MFRM that each Blocker Unit Seller’s advisors and agents, if any, have requested or otherwise need to evaluate the investment in the shares of common stock of MFRM to be acquired by such Blocker Unit Seller pursuant to this Agreement, and neither each Blocker Unit Seller nor any of such Blocker Unit Seller’s advisors or agents, if any, desires any further information or data concerning MFRM or the common stock of MFRM, and (iv) each Blocker Unit Seller and such Blocker Unit Seller’s advisors and agents, if any, are familiar with investments of the nature of common stock of MFRM and have substantial knowledge and experience in financial and business matters such that each Blocker Unit Seller, as assisted by such Blocker Unit Seller’s advisors and agents (if any), is capable of evaluating, and has evaluated, the merits and risks inherent in acquiring the shares of common stock of MFRM to be acquired by such Blocker Unit Seller pursuant to this Agreement.

 

(c)                                  Each Blocker Unit Seller is an “accredited investor” as defined in Rule 501 of Regulation D promulgated under the Securities Act.”

 

1.9                               The Purchase Agreement is amended to add Section 5.27, which shall read in its entirety as follows:

 

“Registration Rights.

 

(a)                                 Buyer hereby represents and warrants that all of the shares of common stock of MFRM to be issued to the Blocker Unit Sellers hereunder (the “Shares”) will be duly authorized, validly issued, fully paid and non-assessable, and that MFRM has an effective universal shelf registration statement on Form S-3 

 

5

 

with sufficient unused capacity to register the resales of the Shares as contemplated hereby.

 

(b)                                 On or before March 21, 2016, Buyer shall cause MFRM to effect the registration of resales from time to time by the Blocker Unit Sellers of the Shares under the Securities Act, and shall maintain the effectiveness of the registration statement for the resale of the Shares for so long as any of the Blocker Unit Sellers hold any of the Shares, or until each of the Blocker Unit Sellers is permitted to freely sell such Shares without registration or restrictions under the Securities Act.

 

(c)                                  In connection with the registration of such resales, Buyer shall (i) pay or cause MFRM to pay any filing fees or other costs and expenses in connection with such registration (other than underwriting discounts and commissions), and reimburse the Blocker Unit Sellers for any costs and expenses incurred in connection with such registration (including the reasonable costs and expenses of one counsel for the Blocker Unit Sellers), (ii) cause MFRM to prepare and file with the Securities and Exchange Commission (the “SEC”) such amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act in connection with resales of the Shares, (iii) cause MFRM to furnish to the Blocker Unit Sellers such numbers of copies of a prospectus conforming to the requirements of the Securities Act, and such other documents as the Blocker Unit Sellers may reasonably request in order to facilitate the disposition of such shares, (iv) notify each of the Blocker Unit Sellers (A) of any request by the SEC that MFRM amend or supplement such registration statement or prospectus, or (B) to cease distribution of the prospectus if the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances, and, as soon as reasonably practicable, file with the SEC and furnish to the Blocker Unit Sellers, a supplement or amendment to such prospectus such that such prospectus will not contain an untrue statement of a material fact or omit to state any fact necessary to make the statements therein not misleading in light of the circumstances under which they were made, (v) cause all of the Shares to be listed on each securities exchange on which similar securities issued by MFRM are then listed, (vi) remove any restrictive legends on the certificates representing the Shares upon the effectiveness of the registration statement, (vii) cause MFRM to take such further action as reasonably requested from time to time by a Blocker Unit Seller, to the extent required to enable such Blocker Unit Seller to sell Shares under the registration statement or pursuant to an exemption provided under the Securities Act, and (viii) indemnify and hold harmless each of the Blocker Unit Sellers and their affiliates and their and their affiliates officers, directors, employees, partners and agents and each Person, if any, who “controls” any of such persons within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act of 1934, as amended, from and against any and all losses,

 

6

 

claims, damages, liabilities and expenses (including reasonable expenses of investigation and reasonable attorneys’ fees and expenses) (“Blocker Unit Seller Damages”) caused by or relating to any untrue statement or alleged untrue statement of a material fact, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made, contained in the registration statement or prospectus relating to the Shares, except (1) insofar as such Blocker Unit Seller Damages are caused by or related to any such untrue statement or omission or alleged untrue statement or omission so made based upon information furnished in writing to the Buyer by the Blocker Unit Sellers expressly for use therein, or (2) if Buyer had previously provided an amended or supplemented prospectus to the Blocker Unit Sellers and such amended or supplemented prospectus would have cured the defect giving rise to such Blocker Unit Seller Damages.

 

1.10                        The Purchase Agreement is amended to add the following definitions to Article IX which shall be included in alphabetical order:

 

““Blocker Unit Seller Damages” has the meaning set forth in Section 5.27(c).”

 

““Equity Consideration Amount” means (i) $14,845,902.50 with respect to Calera Capital Partners IV, L.P., (ii) $14,625,217.75 with respect to Calera XV, LLC, and (iii) $528,849.75 with respect to Calera Capital Partners IV Side-By-Side, L.P.”

 

““SEC” has the meaning set forth in Section 5.27(c).”

 

““Shares” has the meaning set forth in Section 5.27(a).”

 

ARTICLE II
 MISCELLANEOUS

 

2.1                               References.  Each reference in the Purchase Agreement shall, unless the context otherwise requires, mean the Purchase Agreement as amended by this Amendment.

 

2.2                               Ratification. The Purchase Agreement, as amended by this Amendment, is in all respects ratified, approved and confirmed.

 

2.3                               No Other Amendments; Continuing Effect.  The amendments set forth herein are limited precisely as written and will not be deemed to be an amendment of any other term or condition of the Agreement or any of the documents referred to therein.  Except as expressly amended hereby, the terms and conditions of the Purchase Agreement shall continue in full force and effect.

 

2.4                               Constructions, Etc. This Amendment shall be governed by all provisions of the Purchase Agreement, unless the context otherwise requires, including all provisions concerning construction, enforcement, notices, governing law and arbitration.

 

7

 

2.5                               Successors.  This Amendment shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns.

 

2.6                               Governing Law. This Amendment and all disputes or controversies arising out of or relating to this Amendment or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal Laws of the State of Delaware, without regard to the Laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of Delaware.

 

2.7                               Counterparts.  This Amendment may be executed in two (2) or more counterparts, all of which shall be considered one and the same instrument and shall become effective when one (1) or more counterparts have been signed by each of the parties and delivered to the other parties.

 

[The remainder of this page is intentionally left blank.]

 

8

 

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed as of the date first written above by their respective officers thereunto duly authorized.

 

	
 
    	
MATTRESS   FIRM, INC., as   the Buyer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ R. Stephen Stagner
    
	
 
    	
Name:
    	
R.   Stephen Stagner
    
	
 
    	
Title:
    	
Chief   Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
HMK   MATTRESS HOLDINGS LLC,   as the Company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ David Acker
    
	
 
    	
Name:
    	
David   Acker
    
	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
ADAM BLANK 2012 GRAT, as a   Seller
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Adam Blank
    
	
 
    	
Name:
    	
Adam Blank
    
	
 
    	
Title:
    	
Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
ADAM BLANK 2012 DYNASTY TRUST, as a   Seller
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Andrew   Singer
    
	
 
    	
Name:
    	
Andrew Singer
    
	
 
    	
Title:
    	
Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Diane   Weissman
    
	
 
    	
Name:
    	
Diane Weissman
    
	
 
    	
Title:
    	
Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ David Acker
    
	
 
    	
David   Acker, solely in   his capacity as the Seller Representative
    

 

[Signature Page First Amendment to Securities Purchase Agreement]

 

 

	
 
    	
CALERA   CAPITAL PARTNERS IV, L.P.,
   solely in its capacity as the Seller Representative
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kevin Baker
    
	
 
    	
Name:
    	
Kevin   Baker
    
	
 
    	
Title:
    	
Managing   Director and General Counsel
    
	
 
    	
 
    	
 
    
	
 
    	
CCP   IV HOLDINGS, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kevin Baker
    
	
 
    	
Name:
    	
Kevin   Baker
    
	
 
    	
Title:
    	
Managing   Director and General Counsel
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
CXV   HOLDINGS, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kevin Baker
    
	
 
    	
Name:
    	
Kevin   Baker
    
	
 
    	
Title:
    	
Managing   Director and General Counsel
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
CCP   IV SBS HOLDINGS, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kevin Baker
    
	
 
    	
Name:
    	
Kevin   Baker
    
	
 
    	
Title:
    	
Managing   Director and General Counsel
    

 

[Signature Page First Amendment to Securities Purchase Agreement]

 

 

	
 
    	
CALERA   CAPITAL PARTNERS IV, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kevin Baker
    
	
 
    	
Name:
    	
Kevin   Baker
    
	
 
    	
Title:
    	
Managing   Director and General Counsel
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
CALERA   XV, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kevin Baker
    
	
 
    	
Name:
    	
Kevin   Baker
    
	
 
    	
Title:
    	
Managing   Director and General Counsel
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
CALERA   CAPITAL PARTNERS IV SIDE-BY-SIDE, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kevin Baker
    
	
 
    	
Name:
    	
Kevin   Baker
    
	
 
    	
Title:
    	
Managing   Director and General Counsel
    

 

[Signature Page First Amendment to Securities Purchase Agreement]

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