Document:

Exhibit 10.29

 

REGISTRATION RIGHTS AGREEMENT

 

REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of November 3, 2017, by and between AVINGER, INC., a Delaware corporation (the “Company”), and LINCOLN PARK CAPITAL FUND, LLC, an Illinois limited liability company (together with it permitted assigns, the “Buyer”).  Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Purchase Agreement by and between the parties hereto, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Purchase Agreement”).

 

WHEREAS:

 

The Company has agreed, upon the terms and subject to the conditions of the Purchase Agreement, to sell to the Buyer up to Fifteen Million Dollars ($15,000,000) of Purchase Shares and to induce the Buyer to enter into the Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder (collectively, the “Securities Act”), and applicable state securities laws.

 

NOW, THEREFORE, in consideration of the promises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Buyer hereby agree as follows:

 

1.                                      DEFINITIONS.

 

As used in this Agreement, the following terms shall have the following meanings:

 

a.                                      “Investor” means the Buyer, any transferee or assignee thereof to whom a Buyer assigns its rights under this Agreement in accordance with Section 9 and who agrees to become bound by the provisions of this Agreement, and any transferee or assignee thereof to whom a transferee or assignee assigns its rights under this Agreement in accordance with Section 9 and who agrees to become bound by the provisions of this Agreement.

 

b.                                      “Person” means any individual or entity including but not limited to any corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a governmental or political subdivision thereof or a governmental agency.

 

c.                                       “Register,” “registered,” and “registration” refer to a registration effected by preparing and filing one or more registration statements of the Company in compliance with the Securities Act and pursuant to Rule 415 under the Securities Act or any successor rule providing for offering securities on a continuous basis (“Rule 415”), and the declaration or ordering of effectiveness of such registration statement(s) by the United States Securities and Exchange Commission (the “SEC”).

 

d.                                      “Registrable Securities” means all of the Commitment Shares and all of the Purchase Shares that may, from time to time, be issued or become issuable to the Investor under the Purchase Agreement (without regard to any limitation or restriction on purchases), and any and all shares of capital stock issued or issuable with respect to the Purchase Shares or the Commitment Shares or the Purchase Agreement as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise, without regard to any limitation on purchases under the Purchase Agreement.

 

 

e.                                       “Registration Statement” means one or more registration statements of the Company covering only the sale of the Registrable Securities.

 

2.                                      REGISTRATION.

 

a.                                      Mandatory Registration.  The Company shall, within twenty (20) Business Days after the date hereof, file with the SEC an initial Registration Statement covering the maximum number of Registrable Securities as shall be permitted to be included thereon in accordance with applicable SEC rules, regulations and interpretations so as to permit the resale of such Registrable Securities by the Investor under Rule 415 under the Securities Act at then prevailing market prices (and not fixed prices), as mutually determined by both the Company and the Investor in consultation with their respective legal counsel, subject to the aggregate number of authorized shares of the Company’s Common Stock then available for issuance in its Certificate of Incorporation. The initial Registration Statement shall register only the Registrable Securities. The Investor and its counsel shall have a reasonable opportunity to review and comment upon such Registration Statement and any amendment or supplement to such Registration Statement and any related prospectus prior to its filing with the SEC, and the Company shall give due consideration to all such comments.  The Investor shall furnish all information reasonably requested by the Company for inclusion therein. The Company shall use its commercially reasonable efforts to have the Registration Statement and any amendment declared effective by the SEC at the earliest practicable date. The Company shall use its commercially reasonable efforts to keep the Registration Statement effective pursuant to Rule 415 promulgated under the Securities Act and available for the resale by the Investor of all of the Registrable Securities covered thereby at all times until the date on which the Investor shall have resold all the Registrable Securities covered thereby and no Available Amount remains under the Purchase Agreement (the “Registration Period”). The Registration Statement (including any amendments or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading.

 

b.                                      Rule 424 Prospectus.  The Company shall, as required by applicable securities regulations, from time to time file with the SEC, pursuant to Rule 424 promulgated under the Securities Act, the prospectus and prospectus supplements, if any, to be used in connection with sales of the Registrable Securities under the Registration Statement.  The Investor and its counsel shall have a reasonable opportunity to review and comment upon such prospectus prior to its filing with the SEC, and the Company shall give due consideration to all such comments.  The Investor shall use its commercially reasonable efforts to comment upon such prospectus within one (1) Business Day from the date the Investor receives the final pre-filing version of such prospectus.

 

c.                                       Sufficient Number of Shares Registered.  In the event the number of shares available under the Registration Statement is insufficient to cover all of the Registrable Securities, the Company shall amend the Registration Statement or file a new Registration Statement (a “New Registration Statement”), so as to cover all of such Registrable Securities (subject to the limitations set forth in Section 2(a)) as soon as practicable, but in any event not later than ten (10) Business Days after the necessity therefor arises, subject to any limits that may be imposed by the SEC pursuant to Rule 415 under the Securities Act.  The Company shall use its commercially reasonable efforts to cause such amendment and/or New Registration Statement to become effective as soon as practicable following the filing thereof.

 

d.           Offering.  If the staff of the SEC (the “Staff”) or the SEC seeks to characterize any offering pursuant to a Registration Statement filed pursuant to this Agreement as constituting an offering of securities that does not permit such Registration Statement to become effective and be used for

 

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resales by the Investor under Rule 415 at then-prevailing market prices (and not fixed prices), or if after the filing of the initial Registration Statement with the SEC pursuant to Section 2(a), the Company is otherwise required by the Staff or the SEC to reduce the number of Registrable Securities included in such initial Registration Statement, then the Company shall reduce the number of Registrable Securities to be included in such initial Registration Statement (after consulting with the Investor and its legal counsel as to the specific Registrable Securities to be removed therefrom) until such time as the Staff and the SEC shall so permit such Registration Statement to become effective and be used as aforesaid.  In the event of any reduction in Registrable Securities pursuant to this paragraph, the Company shall file one or more New Registration Statements in accordance with Section 2(c) until such time as all Registrable Securities have been included in Registration Statements that have been declared effective and the prospectus contained therein is available for use by the Investor.  Notwithstanding any provision herein or in the Purchase Agreement to the contrary, the Company’s obligations to register Registrable Securities (and any related conditions to the Investor’s obligations) shall be qualified as necessary to comport with any requirement of the SEC or the Staff as addressed in this Section 2(d).

 

3.                                      RELATED OBLIGATIONS.

 

With respect to the Registration Statement and whenever any Registrable Securities are to be registered pursuant to Section 2 including on any New Registration Statement, the Company shall use its commercially reasonable efforts to effect the registration of the Registrable Securities in accordance with the intended method of disposition thereof and, pursuant thereto, the Company shall have the following obligations:

 

a.                                      The Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to any Registration Statement and the prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule 424 promulgated under the Securities Act, as may be necessary to keep the Registration Statement or any New Registration Statement effective at all times during the Registration Period, and, during such period, comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities of the Company covered by the Registration Statement or any New Registration Statement until such time as all of such Registrable Securities shall have been disposed of in accordance with the intended methods of disposition by the Investor as set forth in such Registration Statement.

 

b.                                      The Company shall permit the Investor to review and comment upon the Registration Statement or any New Registration Statement and all amendments and supplements thereto at least two (2) Business Days prior to their filing with the SEC, and not file any document in a form to which Investor reasonably objects.  The Investor shall use its commercially reasonable efforts to comment upon the Registration Statement or any New Registration Statement and any amendments or supplements thereto within two (2) Business Days from the date the Investor receives the final version thereof.  The Company shall furnish to the Investor, without charge any correspondence from the SEC or the staff of the SEC to the Company or its representatives relating to the Registration Statement or any New Registration Statement.

 

c.                                       Upon request of the Investor, the Company shall furnish to the Investor, (i) promptly after the same is prepared and filed with the SEC, at least one copy of such Registration Statement and any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits, (ii) upon the effectiveness of any Registration Statement, a copy of the prospectus included in such Registration Statement and all amendments and supplements thereto (or such other number of copies as the Investor may reasonably request) and (iii) such other documents, including copies of any preliminary or final prospectus, as the Investor may

 

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reasonably request from time to time in order to facilitate the disposition of the Registrable Securities owned by the Investor. For the avoidance of doubt, any filing available to the Investor via the SEC’s live EDGAR system shall be deemed “furnished to the Investor” hereunder.

 

d.                                      The Company shall use commercially reasonable efforts to (i) register and qualify, unless an exemption from registration and qualification applies, the resale by the Investor of  the Registrable Securities covered by a Registration Statement under such other securities or “blue sky” laws of such jurisdictions in the United States as the Investor reasonably requests (to the extent applicable), (ii) prepare and file in those jurisdictions, such amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (x) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3(d), (y) subject itself to general taxation in any such jurisdiction, or (z) file a general consent to service of process in any such jurisdiction.  The Company shall promptly notify the Investor who holds Registrable Securities of the receipt by the Company of any notification with respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threatening of any proceeding for such purpose.

 

e.                                       As promptly as practicable after becoming aware of such event or facts, the Company shall notify the Investor in writing of the happening of any event or existence of such facts as a result of which the prospectus included in any 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, in light of the circumstances under which they were made, not misleading, (provided that in no event shall such notice contain any material non-public information regarding the Company) and promptly prepare a supplement or amendment to such Registration Statement to correct such untrue statement or omission, and deliver a copy of such supplement or amendment to the Investor (or such other number of copies as the Investor may reasonably request).  The Company shall also promptly notify the Investor in writing (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and when a Registration Statement or any post-effective amendment has become effective (notification of such effectiveness shall be delivered to the Investor by email or facsimile on the same day of such effectiveness and by overnight mail), (ii) of any request by the SEC for amendments or supplements to any Registration Statement or related prospectus or related information, and (iii) of the Company’s reasonable determination that a post-effective amendment to a Registration Statement would be appropriate.

 

f.                                        The Company shall use its commercially reasonable efforts to prevent the issuance of any stop order or other suspension of effectiveness of any Registration Statement, or the suspension of the qualification of any Registrable Securities for sale in any jurisdiction and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment and to notify the Investor of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding for such purpose.

 

g.                                       The Company shall (i) cause all the Registrable Securities to be listed on each securities exchange on which securities of the same class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then permitted under the rules of such exchange, or

 

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(ii) secure designation and quotation of all the Registrable Securities on the Principal Market.  The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section.

 

h.                                      The Company shall cooperate with the Investor to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to any Registration Statement and enable such certificates to be in such denominations or amounts as the Investor may reasonably request and registered in such names as the Investor may request.

 

i.                                          The Company shall at all times provide a transfer agent and registrar with respect to its Common Stock.

 

j.                                         If reasonably requested in writing by the Investor, the Company shall (i) as soon as practicable incorporate in a prospectus supplement or post-effective amendment such information as the Investor reasonably requests be included therein relating to the sale and distribution of Registrable Securities, including, without limitation, information with respect to the number of Registrable Securities being sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities; (ii) make all required filings of such prospectus supplement or post-effective amendment as soon as practicable upon notification of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (iii) supplement or make amendments to any Registration Statement.

 

k.                                      The Company shall use its commercially reasonable efforts to cause the Registrable Securities covered by any Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition of such Registrable Securities.

 

l.                                          Within one (1) Business Day after any Registration Statement which includes the Registrable Securities is declared effective by the SEC, the Company shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities (with copies to the Investor) confirmation that such Registration Statement has been declared effective by the SEC in the form attached hereto as Exhibit A, or such other form acceptable to the Company’s transfer agent.  Thereafter, if requested by the Buyer at any time, the Company shall require its counsel to deliver to the Buyer a written confirmation whether or not the effectiveness of such Registration Statement has lapsed at any time for any reason (including, without limitation, the issuance of a stop order) and whether or not the Registration Statement is current and available to the Buyer for sale of all of the Registrable Securities.

 

m.                                  The Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of the Registrable Securities pursuant to any Registration Statement.

 

4.                                      OBLIGATIONS OF THE INVESTOR.

 

a.                                      The Company shall notify the Investor in writing of the information the Company reasonably requires from the Investor in connection with any Registration Statement hereunder.  The Investor shall promptly furnish to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably required to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request.

 

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b.                                      The Investor agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of any Registration Statement hereunder.

 

c.                                       The Investor agrees that, upon receipt of any notice from the Company of the happening of any event or existence of facts of the kind described in Section 3(f) or the first sentence of 3(e), the Investor will immediately discontinue disposition of Registrable Securities pursuant to any Registration Statement(s) covering such Registrable Securities until the Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(f) or the first sentence of 3(e).  Notwithstanding anything to the contrary, the Company shall cause its transfer agent to promptly deliver shares of Common Stock without any restrictive legend in accordance with the terms of the Purchase Agreement in connection with any sale of Registrable Securities with respect to which an Investor has entered into a contract for sale prior to the Investor’s receipt of a notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of Section 3(e) and for which the Investor has not yet settled.

 

5.                                      EXPENSES OF REGISTRATION.

 

All reasonable expenses, other than sales or brokerage commissions, incurred in connection with registrations, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration, listing and qualifications fees, printers and accounting fees, and fees and disbursements of counsel for the Company, shall be paid by the Company.

 

6.                                      INDEMNIFICATION.

 

a.                                      To the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend the Investor, each Person, if any, who controls the Investor, the members, the directors, officers, partners, employees, agents, representatives of the Investor and each Person, if any, who controls the Investor within the meaning of the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (each, an “Indemnified Person”), against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, attorneys’ fees, amounts paid in settlement or expenses, joint or several, (collectively, “Claims”) incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a party thereto (“Indemnified Damages”), to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in the Registration Statement, any New Registration Statement or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction in which Registrable Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, (ii) any untrue statement or alleged untrue statement of a material fact contained in the final prospectus (as amended or supplemented, if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein, in light of the circumstances under which the statements therein were made, not misleading, (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any other law, including, without limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable Securities pursuant to the Registration Statement or any New Registration Statement  or (iv) any material violation by the Company of this Agreement (the matters in the foregoing clauses (i) through (iv) being, collectively, “Violations”).  The Company shall

 

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reimburse each Indemnified Person promptly as such expenses are incurred and are due and payable, for any reasonable legal fees or other reasonable expenses incurred by them in connection with investigating or defending any such Claim.  Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(a): (i) shall not apply to a Claim by an Indemnified Person arising out of or based upon a Violation which occurs in reliance upon and in conformity with information about the Investor furnished in writing to the Company by any Indemnified Person expressly for use in connection with the preparation of the Registration Statement, any New Registration Statement or any such amendment thereof or supplement thereto, or prospectus contained therein, if such Registration Statement, New Registration Statement or amendment thereof or supplement thereto, or if such prospectus contained therein was timely made available by the Company pursuant to Section 3(c) or Section 3(e); (ii) with respect to any superseded prospectus, shall not inure to the benefit of any Indemnified Person from whom the Indemnified Person asserting any such Claim purchased the Registrable Securities that are the subject thereof (or to the benefit of any person controlling such Indemnified Person) if the untrue statement or omission of material fact contained in the superseded prospectus was corrected in the revised prospectus, as then amended or supplemented, if such revised prospectus was timely made available by the Company pursuant to Section 3(c) or Section 3(e), and the Indemnified Person was promptly advised in writing not to use the incorrect prospectus prior to the use giving rise to a violation and such Indemnified Person, notwithstanding such advice, used it; (iii) shall not be available to the extent such Claim is based on a failure of the Investor to deliver or to cause to be delivered the prospectus made available by the Company, if such prospectus was timely made available by the Company pursuant to Section 3(c) or Section 3(e); and (iv) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Company, which consent shall not be unreasonably withheld.  Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Person and shall survive the transfer of the Registrable Securities by the Investor pursuant to Section 9.

 

b.                                      In connection with the Registration Statement or any New Registration Statement, the Investor agrees to indemnify, hold harmless and defend, to the same extent and in the same manner as is set forth in Section 6(a), the Company, each of its directors, each of its officers who signs the Registration Statement or any New Registration Statement, each Person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act (collectively and together with an Indemnified Person, an “Indemnified Party”), against any Claim or Indemnified Damages to which any of them may become subject, under the Securities Act, the Exchange Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the extent, and only to the extent, that such Violation occurs in reliance upon and in conformity with written information about the Investor set forth on Exhibit B attached hereto and furnished to the Company by the Investor expressly for use in connection with such Registration Statement; and, subject to Section 6(d), the Investor will reimburse any legal or other expenses reasonably incurred by any Indemnified Person in connection with investigating or defending any such Claim; provided, however, that the indemnity agreement contained in this Section 6(b) and the agreement with respect to contribution contained in Section 7 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Investor, which consent shall not be unreasonably withheld; provided, further, however, that the Investor shall be liable under this Section 6(b) for only that amount of a Claim or Indemnified Damages as does not exceed the net proceeds to the Investor as a result of the sale of Registrable Securities pursuant to such Registration Statement.  Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive the transfer of the Registrable Securities by the Investor pursuant to Section 9.

 

c.                                       Promptly after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any action or proceeding (including any governmental action

 

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or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel with the fees and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying party, the representation by such counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential differing interests between such Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding.  The Indemnified Party or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such action or claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified Person which relates to such action or claim.  The indemnifying party shall keep the Indemnified Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect thereto.  No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent.  No indemnifying party shall, without the consent of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect to such claim or litigation.  Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to the matter for which indemnification has been made.  The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend such action.

 

d.                                      The indemnification required by this Section 6 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or Indemnified Damages are incurred.

 

e.                                       The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant to law.

 

7.                                      CONTRIBUTION.

 

To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided, however, that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities.

 

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8.                                      REPORTS AND DISCLOSURE UNDER THE SECURITIES ACTS.

 

With a view to making available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any other similar rule or regulation of the SEC that may at any time permit the Investor to sell securities of the Company to the public without registration (“Rule 144”), the Company agrees, at the Company’s sole expense, to:

 

a.                                      make and keep public information available, as those terms are understood and defined in Rule 144;

 

b.                                      file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act so long as the Company remains subject to such requirements and the filing of such reports and other documents is required for the applicable provisions of Rule 144;

 

c.                                       furnish to the Investor so long as the Investor owns Registrable Securities, promptly upon request, (i) a written statement by the Company that it has complied with the reporting and or disclosure provisions of Rule 144, the Securities Act and the Exchange Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit the Investor to sell such securities pursuant to Rule 144 without registration; and

 

d.                                      take such additional action as is reasonably requested by the Investor to enable the Investor to sell the Registrable Securities pursuant to Rule 144, including, without limitation, delivering all such legal opinions, consents, certificates, resolutions and instructions to the Company’s Transfer Agent as may be reasonably requested from time to time by the Investor and otherwise fully cooperate with Investor and Investor’s broker to effect such sale of securities pursuant to Rule 144.

 

The Company agrees that damages may be an inadequate remedy for any breach of the terms and provisions of this Section 8 and that Investor shall, whether or not it is pursuing any remedies at law, be entitled to seek equitable relief in the form of a preliminary or permanent injunction, without having to post any bond or other security, upon any breach or threatened breach of any such terms or provisions.

 

9.                                      ASSIGNMENT OF REGISTRATION RIGHTS.

 

The Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Investor.  The Investor may not assign its rights under this Agreement without the written consent of the Company, other than to an affiliate of the Investor controlled by Jonathan Cope or Josh Scheinfeld.

 

10.                               AMENDMENT OF REGISTRATION RIGHTS.

 

No provision of this Agreement may be amended or waived by the parties from and after the date that is one (1) Business Day immediately preceding the initial filing of the Registration Statement with the SEC. Subject to the immediately preceding sentence, no provision of this Agreement may be (i) amended other than by a written instrument signed by both parties hereto or (ii) waived other than in a written instrument signed by the party against whom enforcement of such waiver is sought. Failure of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall not operate as a waiver thereof.

 

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11.                               MISCELLANEOUS.

 

a.                                      A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities.  If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered owner of such Registrable Securities.

 

b.                                      Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered:  (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile or email (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one (1) Business Day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the same.  The addresses for such communications shall be:

 

If to the Company:

 

Avinger, Inc.

400 Chesapeake Drive

Redwood City, CA 94063

Telephone:                                   (650) 241-7900

Facsimile:                                         (650) 363-2401

E-mail:                                                        jsoinski@avinger.com

Attention:                                         Jeffrey Soinski, President and Chief Executive Officer

 

With a copy to (which shall not constitute notice or service of process):

 

Wilson Sonsini Goodrich & Rosati, P.C.

650 Page Mill Road

Palo Alto, CA 94304

Telephone:                                   (650) 493-9300

Facsimile:                                         (650) 493-9311

E-mail:                                                        poettinger@wsgr.com

Attention:                                         Philip H. Oettinger, Esq.

 

If to the Investor:

 

Lincoln Park Capital Fund, LLC

440 North Wells, Suite 410

Chicago, IL 60654

Telephone:                                   312-822-9300

Facsimile:                                         312-822-9301

E-mail:                                                        jscheinfeld@lpcfunds.com/jcope@lpcfunds.com

Attention:                                         Josh Scheinfeld/Jonathan Cope

 

With a copy to (which shall not constitute notice or service of process):

 

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

666 Third Avenue

New York, NY 10017

Telephone:                                   (212) 692-6267

Facsimile:                                         (212) 983-3115

 

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E-mail:                                                        ajmarsico@mintz.com

Attention:                                         Anthony J. Marsico, Esq.

 

or at such other address and/or facsimile number and/or to the attention of such other person as the recipient party has specified by written notice given to each other party three (3) Business Days prior to the effectiveness of such change.  Written confirmation of receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically generated by the sender’s facsimile machine or email account containing the time, date, recipient facsimile number or email address, as applicable, or (C) provided by a nationally recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt by facsimile, email or receipt from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively.

 

c.                                       The corporate laws of the State of Delaware shall govern all issues concerning the relative rights of the Company and its stockholders.  All other questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of Illinois, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Illinois or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Illinois.  Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting the State of Illinois, County of Cook, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper.  Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof.  Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law.  If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction.  EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

d.                                      This Agreement and the Purchase Agreement constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof.  There are no restrictions, promises, warranties or undertakings among the parties hereto, other than those set forth or referred to herein and therein.  This Agreement and the Purchase Agreement supersede all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof.

 

e.                                       Subject to the requirements of Section 9, this Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties hereto.

 

f.                                        The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

g.                                       This Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement.  This Agreement,

 

11

 

once executed by a party, may be delivered to the other party hereto by facsimile transmission or by e-mail in a “.pdf” format data file of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

h.                                      Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

i.                                          The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no rules of strict construction will be applied against any party.

 

j.                                         This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

* * * * * *

 

12

 

IN WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be duly executed as of day and year first above written.

 

	
 
    	
THE COMPANY:
    
	
 
    	
 
    
	
 
    	
AVINGER, INC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew Ferguson
    
	
 
    	
Name: Matthew Ferguson
    
	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
BUYER:
    
	
 
    	
 
    
	
 
    	
LINCOLN PARK CAPITAL FUND, LLC
    
	
 
    	
BY:   LINCOLN PARK CAPITAL, LLC
    
	
 
    	
BY: ROCKLEDGE CAPITAL   CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Josh Scheinfeld
    
	
 
    	
Name: Josh Scheinfeld
    
	
 
    	
Title: President
    

 

13

 

EXHIBIT A

 

TO REGISTRATION RIGHTS AGREEMENT

 

FORM OF NOTICE OF EFFECTIVENESS

OF REGISTRATION STATEMENT

 

[Date]

 

[TRANSFER AGENT]

 

 

Re: [               ]

 

Ladies and Gentlemen:

 

We are counsel to Avinger, Inc., a Delaware corporation (the “Company”), and have represented the Company in connection with that certain Purchase Agreement, dated as of November 3, 2017 (the “Purchase Agreement”), entered into by and between the Company and Lincoln Park Capital Fund, LLC (the “Buyer”) pursuant to which, among other things, the Company has agreed to issue to the Buyer shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), in an amount up to Fifteen Million Dollars ($15,000,000) (the “Purchase Shares”), in accordance with the terms of the Purchase Agreement.  In connection with the transactions contemplated by the Purchase Agreement, the Company has registered with the U.S. Securities & Exchange Commission (the “SEC”) the following shares of Common Stock:

 

(1)                                 up to [             ] shares of Common Stock to be issued to the Buyer upon purchase by the Buyer from the Company from time to time (the “Purchase Shares”); and

 

(2)                                 943,396 shares of Common Stock that have been issued to the Buyer as a commitment fee on the date of the Purchase Agreement (the “Commitment Shares”).

 

Pursuant to the Purchase Agreement, the Company also has entered into a Registration Rights Agreement, dated as of November 3, 2017 with the Buyer (the “Registration Rights Agreement”) pursuant to which the Company agreed, among other things, to register the Purchase Shares and the Commitment Shares under the Securities Act of 1933, as amended (the “Securities Act”).  In connection with the Company’s obligations under the Purchase Agreement and the Registration Rights Agreement, on [             ], 2017, the Company filed a Registration Statement (File No. 333-[         ]) (the “Registration Statement”) with the SEC relating to the resale of the Purchase Shares and the Commitment Shares.

 

In connection with the foregoing, we advise you that the SEC has entered an order declaring the Registration Statement effective under the Securities Act at [     ] [A.M./P.M.] on [          ], 201[  ] and we have no knowledge, after review of the stop order notification website maintained by the SEC, that any stop order suspending its effectiveness has been issued or that any proceedings for that purpose are pending before, or threatened by, the SEC and the Purchase Shares and the Commitment Shares are available for resale under the Securities Act pursuant to the Registration Statement and may be issued without any restrictive legend.

 

 

	
 
    	
Very truly   yours,
    
	
 
    	
 
    
	
 
    	
[Company   Counsel]
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    

 

cc:                                      Lincoln Park Capital Fund, LLC

 

 

EXHIBIT B

 

TO REGISTRATION RIGHTS AGREEMENT

 

Information About The Investor Furnished To The Company By The Investor

Expressly For Use In Connection With The Registration Statement

 

Information With Respect to Lincoln Park Capital

 

As of the date of the Purchase Agreement, Lincoln Park Capital Fund, LLC, beneficially owned 943,396 shares of our common stock.  Josh Scheinfeld and Jonathan Cope, the Managing Members of Lincoln Park Capital, LLC, the manager of Lincoln Park Capital Fund, LLC, are deemed to be beneficial owners of all of the shares of common stock owned by Lincoln Park Capital Fund, LLC. Messrs. Cope and Scheinfeld have shared voting and investment power over the shares being offered under the prospectus filed with the SEC in connection with the transactions contemplated under the Purchase Agreement. Lincoln Park Capital, LLC is not a licensed broker dealer or an affiliate of a licensed broker dealer.EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT TO 
 FOURTH
AMENDED AND RESTATED CREDIT AGREEMENT 
 This SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of October 31,
2017 (this “Agreement”) is entered into among Quanta Services, Inc., a Delaware corporation (the “Company”), the Australian Borrowers, the Canadian Borrowers, the Guarantors, the Lenders party hereto, Bank of
America, N.A., as Administrative Agent, and, as applicable, the Swing Line Lenders party hereto and the L/C Issuers party hereto. All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the
Credit Agreement (as defined below). 
 RECITALS 

WHEREAS, the Borrowers, the Guarantors, the Lenders and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer,
entered into that certain Fourth Amended and Restated Credit Agreement dated as of December 18, 2015 (as amended and modified from time to time, the “Credit Agreement”); 

WHEREAS, the Company has requested certain amendments to the Credit Agreement as set forth in Section 1 below; and 

WHEREAS, the Administrative Agent, the Lenders, and, as applicable, the Swing Line Lenders and the L/C Issuers, have agreed to provide the
requested amendments, subject to the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the premises and the
mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Amendments. 

(a) The following definitions are hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical
order to read as follows: 
 “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In
Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to
time which is described in the EU Bail-In Legislation Schedule. 
 “Captive Insurance Subsidiary” means any
Subsidiary of the Company that is subject to regulation as an insurance company (or any Subsidiary thereof). 
 “EEA
Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member
Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or
(b) of this definition and is subject to consolidated supervision with its parent. 

 “EEA Member Country” means any of the member states of the
European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public
administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market
Association (or any successor person), as in effect from time to time. 
 “Letter of Credit Report” means a
certificate delivered by an L/C Issuer in a form approved by the Administrative Agent. 
 “Second Amendment
Effective Date” means October 31, 2017. 
 “Write-Down and Conversion Powers” means, with
respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are
described in the EU Bail-In Legislation Schedule. 
 (b) In the definition of “Applicable Rate” in
Section 1.01 of the Credit Agreement, (i) the pricing grid is hereby amended to read as follows: 
  

													
	 	  	 	 	 	 	 	 	 	 	Revolving Loans and
Swing Line Loans
	 Pricing
Level
	  	Consolidated
Leverage Ratio	 	Commitment
Fee	 	Standby or
Commercial
Letter of
Credit Fee	 	Performance
Letter of
Credit Fee	 	Eurocurrency
Rate Loans	 	Base
Rate
Loans
	1	  	3 2.50:1.0	 	0.40%	 	2.000%	 	1.150%	 	2.000%	 	1.000%
	2	  	< 2.50:1.0 but 3
 1.75:1.0
	 	0.35%	 	1.750%	 	1.000%	 	1.750%	 	0.750%
	3	  	< 1.75:1.0 but 3
 1.25:1.0
	 	0.30%	 	1.500%	 	0.850%	 	1.500%	 	0.500%
	4	  	< 1.25:1.0 but 3
 0.75:1.0
	 	0.25%	 	1.375%	 	0.825%	 	1.375%	 	0.375%
	5	  	< 0.75:1.0	 	0.20%	 	1.125%	 	0.675%	 	1.125%	 	0.125%

 and (ii) the last sentence thereof is hereby amended to read as follows: 

  
 2 

 Notwithstanding the foregoing, the Applicable Rate in effect from the Second Amendment Effective
Date through the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 7.02(a) for the fiscal quarter ending September 30, 2017 shall be (a) for Eurocurrency
Rate Loans, standby Letter of Credit fees and commercial Letter of Credit fees, 1.375%, (b) for Base Rate Loans, 0.375%, (c) for Performance Letter of Credit fees, 0.825% and (d) for the Commitment Fee, 0.25%. 

(c) The definition of “Arrangers” in Section 1.01 of the Credit Agreement is hereby amended to read as follows: 

“Arrangers” means MLPF&S (or any other registered broker-dealer wholly-owned by Bank of America
Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the Second Amendment Effective
Date) and JPMorgan Chase Bank, N.A.; provided that JPMorgan Chase Bank, N.A. may perform its responsibilities as Arranger through its Affiliates, including J.P. Morgan Securities LLC. 

(d) The definition of “Consolidated EBIT” in Section 1.01 of the Credit Agreement is hereby amended to read as follows:

 “Consolidated EBIT” means, for any period, for the Company and its Subsidiaries on a consolidated basis,
an amount equal to, without duplication, (i) Consolidated Net Income for such period plus (ii) Consolidated Net Income for such period with respect to revenue received by the Company or a Subsidiary from construction projects that
is not recognized under GAAP during such period due to the fact that the Company or any Subsidiary has an equity, joint venture or other direct or indirect beneficial interest in the joint venture or other such entity constructing such project;
provided that Consolidated Net Income with respect to such revenue shall not be included in Consolidated EBIT in any subsequent period when such revenue is recognized under GAAP to the extent that it was previously included in Consolidated
EBIT pursuant to this clause (ii); plus the following to the extent deducted in calculating such Consolidated Net Income: (a) Consolidated Interest Expense for such period, (b) the provision for taxes based on income or revenues
payable by the Company and its Subsidiaries for such period, and (c) without duplication, Non-Cash Charges for such period. 
 (e)
Clause (d) of the definition of “Defaulting Lender” in Section 1.01 of the Credit Agreement preceding the proviso is hereby amended to read as follows: 

(d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law,
(ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit
Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action 

(f) In the definition of “Disposition” in Section 1.01 of the Credit Agreement, (i) the first sentence is hereby
amended by deleting the word “and” and inserting a comma immediately preceding clause (viii), changing the existing clause (viii) to be clause (ix), and adding the following as new clause (viii): 

  
 3 

 (viii) any lease by the Company or any Subsidiary of infrastructure and related assets
constructed or acquired by the Company or any Subsidiary the title to which will or may be transferred in compliance with Section 8.05 and 

and (ii) the last sentence is hereby amended to read as follows: 

The term “Disposition” shall not be deemed to include (w) any issuance by any Borrower or any Subsidiary to any Person of
shares of its Capital Stock, (x) for the avoidance of doubt, any disposition of cash in connection with a Permitted Acquisition or other Investment permitted by this Agreement, (y) any assignment, contribution or other disposition directly
or indirectly to any Foreign Subsidiary of any intercompany Indebtedness advanced by the Company or any Domestic Subsidiary to a Foreign Subsidiary (or any note or other instrument evidencing such Indebtedness, or the cancellation, forgiveness or
repayment of any such Indebtedness) in connection with an Investment permitted by this Agreement or (z) any Restricted Payment permitted under Section 8.06. 

(g) Clause (f) of the definition of “Excluded Property” in Section 1.01 of the Credit Agreement is hereby amended
to read as follows: 
 (f) the fractional interests of the Company or any Subsidiary in that certain Raytheon Hawker 900XP aircraft and that
certain Textron Cessna 680A Citation Latitude aircraft (or any replacements thereof), 
 (h) The definition of “L/C
Issuers” in Section 1.01 of the Credit Agreement is hereby amended to read as follows: 
 “L/C
Issuers” means (a) Bank of America, (b) Bank of Montreal, (c) Citibank, N.A., and (d) any other Lender (in each case, including acting through any of its branches or affiliates) selected by the Company and agreed to by
such Lender (provided the Administrative Agent has been notified in writing of such selection), each in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder, and “L/C Issuer”
means any one of them. 
 (i) The definition of “Maturity Date” in Section 1.01 of the Credit Agreement is hereby
amended to read as follows: 
 “Maturity Date” means October 31, 2022. 

(j) The following new subclause (l) is hereby added to Section 2.03 of the Credit Agreement immediately following subclause (k):

 (l) L/C Issuer Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each
L/C Issuer shall, in addition to its notification obligations set forth elsewhere in this Section, provide the Administrative Agent a Letter of Credit Report, as set forth below:

(i) reasonably prior to the time that such L/C Issuer issues, amends, renews, increases or extends a Letter of Credit,
the date of such issuance, amendment, renewal, increase or extension and the stated amount of the applicable Letters of Credit after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have
changed); 

  
 4 

 (ii) on each Business Day on which such L/C Issuer makes a payment pursuant
to a Letter of Credit, the date and amount of such payment; 
 (iii) on any Business Day on which the Borrower fails to
reimburse a payment made pursuant to a Letter of Credit required to be reimbursed to such L/C Issuer on such day, the date of such failure and the amount of such payment; 

(iv) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the
Letters of Credit issued by such L/C Issuer; and 
 (v) for so long as any Letter of Credit issued by an L/C Issuer is
outstanding, such L/C Issuer shall deliver to the Administrative Agent (A) on the last Business Day of each calendar month, (B) at all other times a Letter of Credit Report is required to be delivered pursuant to this Agreement, and
(C) on each date that (1) an L/C Credit Extension occurs or (2) there is any expiration, cancellation and/or disbursement, in each case, with respect to any such Letter of Credit, a Letter of Credit Report appropriately completed with
the information for every outstanding Letter of Credit issued by such L/C Issuer. 
 (k) The last sentence of Section 2.15(b) of the
Credit Agreement is hereby amended to read as follows: 
 Subject to Section 11.23, no reallocation hereunder shall constitute a
waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased
exposure following such reallocation. 
 (l) The first sentence of Section 6.10 of the Credit Agreement is hereby amended to read as
follows: 
 The properties of each Borrower and each of its Subsidiaries are insured with (a) financially sound and reputable insurance
companies not Affiliates of the Company or (b) a Captive Insurance Subsidiary, in each case, in such amounts and covering such risks, and with respect to clause (a), with such deductibles, as are customarily carried by companies engaged
in similar businesses and owning similar properties in localities where such Borrower or the applicable Subsidiary operates. 
 (m) The
following new subsection 6.12(d) is hereby added at the end of Section 6.12 of the Credit Agreement to read as follows: 

(d) As of the Second Amendment Effective Date, no Borrower is (i) an employee benefit plan subject to Title I of ERISA,
(ii) a plan or account subject to Section 4975 of the Internal Revenue Code, (iii) an entity deemed to hold “plan assets” of any such plans or accounts within the meaning of 29 CFR § 2510.3-101, as modified by
Section 3(42) of ERISA, or (iv) a “governmental plan” within the meaning of ERISA. 

  
 5 

 (n) The following new Section 6.26 is hereby added to the Credit Agreement to read as
follows: 
 Section 6.26 EEA Financial Institution.  

No Loan Party is an EEA Financial Institution. 

(o) The first sentence of Section 7.07 of the Credit Agreement is hereby amended to read as follows: 

Maintain in full force and effect insurance (including worker’s compensation insurance, liability insurance, casualty insurance and
business interruption insurance) with (a) financially sound and reputable insurance companies not Affiliates of the Company or (b) a Captive Insurance Subsidiary, in each case, in such amounts and covering such risks, and with respect to
clause (a), with such deductibles, as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the applicable Borrower or the applicable Subsidiary operates. 

(p) Following the reference to “Wholly Owned Subsidiary” in Section 7.12(b) of the Credit Agreement, the following
parenthetical is hereby inserted to read as follows: 
 (other than a Captive Insurance Subsidiary) 

(q) Clause (i) of Section 7.14(a) of the Credit Agreement is hereby amended to read as follows: 

(i) cause all of its personal Property other than (A) Excluded Property and (B) the Capital Stock of any Captive Insurance
Subsidiary to be subject at all times to first priority, perfected Liens in favor of the Administrative Agent to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such Property acquired
subsequent to the Closing Date, such other additional security documents as the Administrative Agent shall reasonably request, subject in any case to Permitted Liens and 

(r) The last parenthetical in the second sentence of Section 7.14(a) of the Credit Agreement is hereby amended to read as follows: 

(other than any Immaterial Subsidiary or any Captive Insurance Subsidiary) 

(s) The first paragraph of Section 8.05 of the Credit Agreement is hereby amended to read as follows: 

Make any Disposition, unless (a)(i) at least 75% of the consideration (as determined at the consummation of such Disposition)
paid in connection therewith shall be cash or Cash Equivalents paid contemporaneously with consummation of the transaction (or, with respect to the transfer of title to an asset upon the termination of or otherwise pursuant to a lease, paid prior to
the transfer of title of such asset) and shall be in an amount not less than the fair market value of the Property disposed of or (ii) such Disposition constitutes a contribution of assets to a joint venture of the Company or any Subsidiary
pursuant to an Investment permitted by this Agreement in exchange for Capital Stock in such joint venture issued prior to or substantially contemporaneously with the consummation of such contribution at a valuation of not less than the fair market
value of 

  
 6 

 
the Property disposed of (as reasonably determined by the Company), (b) if such transaction is a Sale and Leaseback Transaction, such transaction is not prohibited by the terms of
Section 8.15, (c) such transaction does not involve a sale or other disposition of receivables other than a sale or other disposition of (i) receivables to a Captive Insurance Subsidiary or (ii) receivables owned by or
attributable to other Property concurrently being disposed of in a transaction otherwise permitted under this Section 8.05, and (d) the aggregate net book value of all of the assets sold or otherwise disposed of by the Borrowers and
their Subsidiaries in all such transactions in any fiscal year of the Company shall not exceed an amount equal to seven and a half percent (7.5%) of Consolidated Net Worth as of the end of the preceding fiscal year (plus the amount of
Non-Cash Charges for each fiscal quarter ending after the Closing Date). 
 (t) Clause (d) of Section 8.08 of the Credit Agreement
is hereby amended to read as follows: 
 (d) normal and reasonable compensation and reimbursement of expenses of officers and directors and,
subject to applicable law, grants or interest-free loans to officers and directors in reasonable amounts in connection with losses incurred by such persons in natural disasters and other emergencies, 

(u) The following proviso is hereby added at the end of clause (c) in Section 8.13 of the Credit Agreement to read as follows: 

; provided, that, with respect to any Foreign Subsidiary (other than a Foreign Borrower), written notice of any such change
shall only be required to be provided to the Administrative Agent not later than concurrently with the Compliance Certificate required to be delivered pursuant to Section 7.02(a) for the fiscal period most recently ended following such
change 
 (v) The following new Section 11.23 is hereby added to the Credit Agreement to read as follows: 

11.23 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  

Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among
any such parties, each party hereto acknowledges that any liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers
of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which
may be payable to it by any Lender that is an EEA Financial Institution; and (b) the effects of any Bail-in Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability;
(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it,
and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or (iii) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 

  
 7 

 (w) The following new Section 11.24 is hereby added to the Credit Agreement to read as
follows: 
 11.24 ERISA Representation. 

Each Lender as of the Second Amendment Effective Date represents and warrants as of the Second Amendment Effective Date to the
Administrative Agent, and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, for the benefit of the Company or any other Loan Party, that (a) such Lender is not (i) an employee benefit plan subject to Title
I of ERISA or (ii) a plan or account subject to Section 4975 of the Internal Revenue Code, (b) the assets of such Lender do not constitute “plan assets” within the meaning of 29 CFR § 2510.3-101, as modified by
Section 3(42) of ERISA, or (c) such Lender is not a “governmental plan” within the meaning of ERISA. 
 (x) In Exhibit D
to the Credit Agreement, a new footnote is hereby inserted immediately following “[FORM OF] COMPLIANCE CERTIFICATE”1, with such footnote to read as follows: 

1 This Compliance Certificate shall only be posted to Private side Lenders. 

(y) A new sentence is hereby added to the end of Section 1.2 of Annex 1 to Exhibit E to the Credit Agreement to read as follows: 

The Assignee represents and warrants as of the Effective Date to the Administrative Agent, the Arrangers and the respective Affiliates of
each, and not, for the avoidance of doubt, for the benefit of the Company or any other Loan Party, that (a) the Assignee is not (i) an employee benefit plan subject to Title I of ERISA or (ii) a plan or account subject to
Section 4975 of the Internal Revenue Code, (b) the assets of the Assignee do not constitute “plan assets” within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA, or (c) the Assignee is not
a “governmental plan” within the meaning of ERISA. 
 2. Conditions Precedent. 

(a) With respect to Sections 1(a), 1(c), 1(d), 1(e), 1(f), 1(g), 1(h), 1(j),
1(k), 1(l), 1(m), 1(n), 1(o), 1(p), 1(q), 1(r), 1(s), 1(t), 1(u), 1(v), 1(w), 1(x) and 1(y) and Section 2 and Section 3, this
Agreement shall be effective upon satisfaction of the following conditions precedent: 
 (i) Receipt by the Administrative
Agent of counterparts of this Agreement duly executed by each of the Borrowers, the Guarantors, the Required Lenders and the Administrative Agent. 

(ii) Receipt by the Administrative Agent of satisfactory evidence that (i) the representations and warranties of the
Borrowers set forth in Article VI of the Credit Agreement (as amended by this Agreement) and 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 (and in all respects if any such representation or warranty is already qualified by materiality or reference to Material Adverse Effect) on and as of the date hereof, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they were true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality or reference to Material Adverse Effect) as of
such earlier date, and (ii) no event has occurred and is continuing which constitutes a Default or an Event of Default. 

  
 8 

 (iii) Payment by the Company of all agreed fees and expenses (including
reasonable attorney’s fees of the Administrative Agent). 
 (b) With respect to Section 1(b) and Section 1(i),
this Agreement shall be effective upon satisfaction of the following conditions precedent: 
 (i) Receipt by the
Administrative Agent of counterparts of this Agreement duly executed by each of the Borrowers, the Guarantors, the Lenders, the Administrative Agent, each Swing Line Lender and each L/C Issuer. 

(ii) Receipt by the Administrative Agent of satisfactory evidence that (A) the representations and warranties of the
Borrowers set forth in Article VI of the Credit Agreement (as amended by this Agreement) and 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 (and in all respects if any such representation or warranty is already qualified by materiality or reference to Material Adverse Effect) on and as of the date hereof, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they were true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality or reference to Material Adverse Effect) as of
such earlier date, and (B) no event has occurred and is continuing which constitutes a Default or an Event of Default. 

(iii) Receipt by the Administrative Agent of favorable opinions of the general or deputy general counsel of the Loan Parties
and legal counsel to the Loan Parties (including foreign legal counsel reasonably requested by the Administrative Agent), addressed to the Administrative Agent and each Lender, dated as of the date hereof, and in form and substance reasonably
satisfactory to the Administrative Agent. 
 (iv) Receipt by the Administrative Agent of the following, each of which shall
be originals or facsimiles (followed promptly by originals), in form and substance reasonably satisfactory to the Administrative Agent and its legal counsel: 

(A) copies of the Organization Documents of each Loan Party certified to be true and complete as of a recent date by the
appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary or assistant secretary of such Loan Party to be true and correct as of the date hereof (or, in
the case of the bylaws or operating agreement of any Loan Party previously delivered and so certified to the Administrative Agent prior to the date hereof by the secretary or assistant secretary of such Loan Party, a certification by the secretary
or assistant secretary of such Loan Party to the effect that since the date of such previous delivery and certification, there has been no change to such bylaws or operating agreement); 

(B) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers
of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan
Documents to which such Loan Party is a party; and 

  
 9 

 (C) 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. 

(v) Receipt by the Administrative Agent of searches of Uniform Commercial Code filings in the jurisdiction of formation of
each Loan Party or where a filing would need to be made in order to perfect the Administrative Agent’s security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist other
than Permitted Liens. 
 (vi) Payment by the Company of all agreed fees and expenses (including reasonable attorney’s
fees of the Administrative Agent). 
 3. Miscellaneous. 

(a) The Credit Agreement, and the obligations of the Loan Parties thereunder and under the other Loan Documents, are hereby ratified and
confirmed and shall remain in full force and effect according to their terms, as affected and amended by this Agreement. 
 (b) Upon the
effectiveness of this Agreement, each reference in the Credit Agreement to “this Agreement,” “hereunder” or words of like import shall mean and be a reference to the Credit Agreement, as affected and amended by this Agreement.
This Agreement is a Loan Document. 
 (c) Each Guarantor (i) acknowledges and consents to all of the terms and conditions of this
Agreement, (ii) affirms all of its obligations under the Loan Documents and (iii) agrees that this Agreement and all documents executed in connection herewith do not operate to reduce or discharge its obligations under the Credit Agreement
or the other Loan Documents. 
 (d) The Borrowers and the Guarantors hereby represent and warrant as follows: 

(i) Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and
performance of this Agreement; 
 (ii) This Agreement has been duly executed and delivered by the Loan Parties and
constitutes each of the Loan Parties’ legal, valid and binding obligations, enforceable against such Loan Party in accordance with its terms, except as such enforceability may be limited by (A) applicable Debtor Relief Laws and
(B) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity); and 

  
 10 

 (iii) No consent, approval, authorization or order of, or filing, registration or
qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by any Loan Party of this Agreement, except for any filings that the Company or any of its Subsidiaries may
be required to make with the Securities and Exchange Commission or pursuant to applicable stock exchange rules, which the Company expects to file promptly upon execution of this Agreement. 

(e) The Loan Parties represent and warrant to the Lenders that (i) the representations and warranties of the Loan Parties set forth in
Article VI of the Credit Agreement (as amended by this Agreement) and in each other Loan Document are true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality or
reference to Material Adverse Effect) as of the date hereof with the same effect as if made on and as of the date hereof, except to the extent such representations and warranties expressly relate solely to an earlier date, in which case they shall
be true and correct as of such earlier date, and (ii) no event has occurred and is continuing which constitutes a Default or an Event of Default. 

(f) This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all
of which shall constitute one and the same instrument. Delivery of an executed counterpart of this Agreement by telecopy or digital/electronic transmission (e.g., PDF format) shall be effective as an original and shall constitute a representation
that an executed original shall be delivered. 
 (g) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL
BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 [Signature pages follow] 

  
 11 

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

							
	BORROWERS:	 		 	 QUANTA SERVICES, INC.,
 a Delaware
corporation

				
		 		 	By:	 	/s/ Nicholas M. Grindstaff
		 		 	Name:	 	Nicholas M. Grindstaff
		 		 	Title:	 	Vice President – Finance and Treasurer
			
		 		 	 QSI FINANCE (AUSTRALIA) PTY LTD, a corporation

incorporated under the laws of the Commonwealth of Australia

				
		 		 	By:	 	/s/ Gerald Albert Ducey, Jr.
		 		 	Name:	 	Gerald Albert Ducey, Jr.
		 		 	Title:	 	Director
				
		 		 	By:	 	/s/ Scot P. Fluharty
		 		 	Name:	 	Scot P. Fluharty
		 		 	Title:	 	Director
			
		 		 	 QSI FINANCE V (US), L.P., a Delaware limited partnership

 
 By: QSI FINANCE IV (CANADA) ULC, its managing partner

				
		 		 	By:	 	/s/ Nicholas M. Grindstaff
		 		 	Name:	 	Nicholas M. Grindstaff
		 		 	Title:	 	Treasurer
			
		 		 	 QSI FINANCE II (AUSTRALIA) PTY LTD, a corporation

incorporated under the laws of the Commonwealth of Australia

				
		 		 	By:	 	/s/ Gerald Albert Ducey, Jr.
		 		 	Name:	 	Gerald Albert Ducey, Jr.
		 		 	Title:	 	Director
				
		 		 	By:	 	/s/ Scot P. Fluharty
		 		 	Name:	 	Scot P. Fluharty
		 		 	Title:	 	Director
			
		 		 	 QSI FINANCE X (CANADA) ULC, a British Columbia

corporation

				
		 		 	By:	 	/s/ Nicholas M. Grindstaff
		 		 	Name:	 	Nicholas M. Grindstaff
		 		 	Title:	 	Treasurer

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

	 GUARANTORS: 
	1 DIAMOND, LLC 

 ADVANCED ELECTRIC SYSTEMS, LLC 

ARCANUM CHEMICALS, LLC 

ARNETT & BURGESS PIPELINERS (ROCKIES) LLC 

B&N CLEARING AND ENVIRONMENTAL, LLC 

BRENT WOODWARD, INC. 
 BRINK
CONSTRUCTORS, INC. 
 CONAM CONSTRUCTION CO. 

CRUX SUBSURFACE, INC. 
 DACON
CORPORATION 
 DASHIELL CORPORATION 

DOMINO HIGHVOLTAGE SUPPLY, LLC 

FIVE POINTS CONSTRUCTION CO. 

HARGRAVE POWER, INC. 
 HERITAGE
MIDSTREAM, LLC 
 H.L. CHAPMAN PIPELINE CONSTRUCTION, INC. 

INFRASOURCE CONSTRUCTION, LLC 

INFRASOURCE FIELD SERVICES, LLC 

INFRASOURCE INSTALLATION, LLC 

INFRASOURCE, LLC 
 INFRASOURCE
SERVICES, LLC 
 INTERMOUNTAIN ELECTRIC, INC. 

IONEARTH, LLC 
 IRBY
CONSTRUCTION COMPANY 
 ISLAND MECHANICAL CORPORATION 

J.C.R. CONSTRUCTION CO., INC. 

JET TANK SERVICE, LLC 
 J.W.
DIDADO ELECTRIC, LLC 
 LAZY Q RANCH, LLC 

LAZY Q TRAINING CENTER, LLC 

MANUEL BROS., INC. 
 MEARS
GROUP, INC. 
 MEJIA PERSONNEL SERVICES, INC. 

MERCER SOFTWARE SOLUTIONS, LLC 

M. G. DYESS, INC. 
 MICROLINE
TECHNOLOGY CORPORATION 
 M. J. ELECTRIC, LLC 

NORTHERN POWERLINE CONSTRUCTORS, INC. 

NORTH SKY ENGINEERING, INC. 

NORTHSTAR ENERGY SERVICES, INC. 

NOVA EQUIPMENT LEASING, LLC 

NOVA GROUP, INC. 
 NOVA NEXTGEN
SOLUTIONS, LLC 
 NPC ENERGY SERVICES LLC 

PAR ELECTRICAL CONTRACTORS, INC. 

PERFORMANCE ENERGY SERVICES, L.L.C. 

PHOENIX POWER GROUP, INC. 

POTELCO, INC. 
 PRICE GREGORY
INTERNATIONAL, INC. 
 PRICE GREGORY SERVICES, LLC 

PROBST ELECTRIC, INC. 
  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 QES GP, LLC
 QP ENERGY SERVICES,
LLC
 QPS ENGINEERING, LLC
 QSI FINANCE GP (US), LLC

QSI FINANCE I (US), L.P.
 QSI, INC.

QTSL, LLC
 QUANTA ASSET MANAGEMENT LLC

QUANTA CAPITAL GP, LLC
 QUANTA CAPITAL LP, L.P.

QUANTA CAPITAL SOLUTIONS, INC.
 QUANTA CONSULTING GROUP, LLC

QUANTA ELECTRIC POWER CONSTRUCTION, LLC

QUANTA ELECTRIC POWER SERVICES, LLC
 QUANTA ENERGIZED SERVICES
U.S., LLC
 QUANTA ENERGY SERVICES, LLC
 QUANTA EQUIPMENT
COMPANY, LLC
 QUANTA GOVERNMENT SERVICES, INC.
 QUANTA
GOVERNMENT SOLUTIONS, INC.
 QUANTA INFRASTRUCTURE SERVICES, LLC

QUANTA INLINE DEVICES, LLC
 QUANTA MARINE SERVICES, LLC

QUANTA PIPELINE SERVICES, INC.
 QUANTA POWER GENERATION, INC.

QUANTA POWER, INC.
 QUANTA SUBSURFACE, LLC

QUANTA TECHNOLOGY, LLC

QUANTA TELECOMMUNICATION SERVICES, LLC

QUANTA UTILITY ENGINEERING SERVICES, INC.

QUANTA UTILITY INSTALLATION COMPANY, INC.

REALTIME ENGINEERS, INC.
 REALTIME UTILITY ENGINEERS, INC.

RMS HOLDINGS, LLC
 ROAD BORE CORPORATION

SERVICE ELECTRIC COMPANY
 SOUTHWEST TRENCHING COMPANY, INC.

STRONGHOLD GENERAL, LLC
 STRONGHOLD SPECIALTY GENERAL, LLC

SUMMIT LINE CONSTRUCTION, INC.
 SUMTER UTILITIES, INC.

T. G. MERCER CONSULTING SERVICES, INC.
 THE RYAN COMPANY, INC.

TOM ALLEN CONSTRUCTION COMPANY
 UNDERGROUND CONSTRUCTION CO.,
INC.
 UNDERGROUND ELECTRIC CONSTRUCTION COMPANY, LLC

UTILITY LINE MANAGEMENT SERVICES, INC.
 WINCO,
INC.

			
		
	By:	 	/s/ Nicholas M. Grindstaff                            
	 Name:
 Title:
	 	 Nicholas M. Grindstaff

Treasurer

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

 
			
	CAN-FER UTILITY SERVICES, LLC
		
	By:	 	 Mejia Personnel Services, Inc.,
 its sole
member

		
	By:	 	/s/ Nicholas M. Grindstaff
	Name:	 	Nicholas M. Grindstaff
	Title:	 	Treasurer
	
	 DIGCO UTILITY CONSTRUCTION, L.P.

LINDSEY ELECTRIC, L.P.
 NORTH HOUSTON POLE LINE,
L.P.

		
	By:	 	 Mejia Personnel Services, Inc.,
 its general
partner

		
	By:	 	/s/ Nicholas M. Grindstaff
	Name:	 	Nicholas M. Grindstaff
	Title:	 	Treasurer
	
	QUANTA ASSOCIATES, L.P.
		
	By:	 	 Quanta Services, Inc.,
 its general
partner

		
	By:	 	/s/ Nicholas M. Grindstaff
	Name:	 	Nicholas M. Grindstaff
	Title:	 	Vice President – Finance and Treasurer
	
	QUANTA SERVICES MANAGEMENT PARTNERSHIP, L.P.
		
	By:	 	 QSI, Inc.,
 its general partner

		
	By:	 	/s/ Nicholas M. Grindstaff
	Name:	 	Nicholas M. Grindstaff
	Title:	 	Treasurer
	
	 STRONGHOLD, LTD.
 STRONGHOLD
SPECIALTY, LTD.

		
	By:	 	 QES GP, LLC,
 its general partner

		
	By:	 	/s/ Nicholas M. Grindstaff
	Name:	 	Nicholas M. Grindstaff
	Title:	 	Treasurer

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

 
			
	
	 CAT-SPEC, LTD.
 ELITE TURNAROUND
SPECIALISTS, LTD.
 STRONGHOLD TOWER GROUP, LTD.

		
	By:	 	 Stronghold Specialty General, LLC,
 its general
partner

		
	By:	 	/s/ Nicholas M. Grindstaff
	Name:	 	Nicholas M. Grindstaff
	Title:	 	Treasurer
	
	 CITADEL INDUSTRIAL SERVICES, LTD.

DORADO SPECIALTY SERVICES, LTD.
 ELITE FABRICATION, LTD.

ELITE PIPING & CIVIL, LTD.
 SPECIALTY TANK SERVICES,
LTD.
 STRONGHOLD INSPECTION, LTD.
 TURNKEY AUTOMATION,
LTD.

		
	By:	 	 Stronghold General, LLC,
 its general
partner

		
	By:	 	/s/ Nicholas M. Grindstaff
	Name:	 	Nicholas M. Grindstaff
	Title:	 	Treasurer

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

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

				
		 		 	By:	 	/s/ Mollie S. Canup
		 		 	Name:	 	Mollie S. Canup
		 		 	Title:	 	Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

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

				
		 		 	By:	 	/s/ Adam Rose
		 		 	Name:	 	Adam Rose
		 		 	Title:	 	SVP

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

 
			
	 BANK OF AMERICA, N.A., AUSTRALIA BRANCH,

as a Lender and Australian Swing Line Lender

 
			
		
	By:	 	/s/ Ari Rubin
	Name:	 	Ari Rubin
	Title:	 	Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 BANK OF AMERICA, N.A., CANADA BRANCH,

as a Lender and Canadian Swing Line Lender

		
	By:	 	/s/ Medina Sales de Andrade
	Name:	 	Medina Sales de Andrade
	Title:	 	Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 BANK OF MONTREAL,
 as a Lender and a
L/C Issuer

		
	By:	 	/s/ John Armstrong
	Name:	 	John Armstrong
	Title:	 	Managing Director

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 CITIBANK, N.A.,
 as a Lender and a
L/C Issuer

		
	By:	 	/s/ Cynthia Goodwin
	Name:	 	Cynthia Goodwin
	Title:	 	 Sr. Vice President
 GEID:1010458932

Citibank, N.A.

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 BOKF, NA dba Bank of Texas
 as a
Lender

		
	By:	 	/s/ Ross Davis
	Name:	 	Ross Davis
	Title:	 	AVP

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 SUNTRUST BANK,
 as a
Lender

		
	By:	 	/s/ Justin Lien
	Name:	 	Justin Lien
	Title:	 	Director

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 COMPASS BANK,
 as a
Lender

		
	By:	 	/s/ Khoa Duong
	Name:	 	Khoa Duong
	Title:	 	Senior Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 ZB, N.A. DBA AMEGY BANK,
 as a
Lender

		
	By:	 	/s/ Ryan Kim
	Name:	 	Ryan Kim
	Title:	 	AVP

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as a Lender

		
	By:	 	/s/ Fabio Lauro
	Name:	 	Fabio Lauro
	Title:	 	Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 CITIZENS BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Michael K. Makaitis
	Name:	 	Michael K. Makaitis
	Title:	 	Senior Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 BRANCH BANK AND TRUST COMPANY,
 as a
Lender

		
	By:	 	/s/ Trevor H. Williams
	Name:	 	Trevor H. Williams
	Title:	 	Assistant Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 PNC BANK, NATIONAL ASSOCIATION,
 as
a Lender

		
	By:	 	/s/ Divyang Shah
	Name:	 	Divyang Shah
	Title:	 	Sr. Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as a Lender

 
			
		
	By:	 	/s/ Mark B. Felker
	Name:	 	Mark B. Felker
	Title:	 	Managing Director

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 HSBC BANK USA, N.A.,
 as a
Lender

		
	By:	 	/s/ Wadie C. Habiby
	Name:	 	Wadie C. Habiby
	Title:	 	SVP, Corporate Banking

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 U.S. Bank National Association,
 as
a Lender

		
	By:	 	/s/ Steven L. Sawyer
	Name:	 	Steven L. Sawyer
	Title:	 	Senior Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 JPMORGAN CHASE BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ John Kushnerick
	Name:	 	John Kushnerick
	Title:	 	Executive Director

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

			
	 REGIONS BANK,
 as a
Lender

		
	By:	 	/s/ Kara Hoagland
	Name:	 	Kara Hoagland
	Title:	 	Vice President

  

  
 QUANTA SERVICES, INC.

 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

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