Document:

Exhibit

Exhibit 10.2

AMENDMENT NO. 9 TO AMENDED AND RESTATED MASTER ACCOUNTS RECEIVABLE PURCHASE AGREEMENT
This AMENDMENT NO. 9 TO AMENDED AND RESTATED MASTER ACCOUNTS RECEIVABLE PURCHASE AGREEMENT, dated  as  of  June 21, 2019  (this “Amendment”), is made and entered into by and between Plexus Corp., a Wisconsin corporation (“Plexus”), Plexus Intl. Sales & Logistics, LLC, a Delaware limited liability company (“PISL”), Plexus Manufacturing Sdn. Bhd., a private company limited by shares organized under the laws of Malaysia (“PM”), Plexus Services Ro SRL, a company organized and existing under the laws of Romania. (“Plexus Romania”), Plexus Corp. (UK) Limited, a company organized and existing under the laws of Scotland (“Plexus UK” and together with Plexus, PISL, PM and Plexus Romania, each, a “Seller”, and collectively, the “Sellers”), Plexus, as  Seller Representative and as Guarantor, and MUFG Bank, Ltd. (f/k/a The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch) (the “Purchaser”).
WITNESSETH:
WHEREAS, the Seller Representative, the Sellers, the Guarantor and the Purchaser are parties to that certain Amended and Restated Master Accounts Receivable Purchase Agreement, dated as of December 14, 2016 (as amended, modified or restated from time to time prior to the date hereof, the “Existing Agreement” and as amended by this Amendment, the “MARPA”); and
WHEREAS, the Sellers have requested that the Existing Agreement be amended as set forth below and the Purchaser has agreed to such request.
NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements contained herein, the parties hereto hereby agree as follows:
SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Existing Agreement.
SECTION 2. Amendment. Effective as of the Effective Date (as defined in Section 3 hereof), the Existing Agreement is hereby amended as follows:
(a)    The defined term “Approved Obligor” in Section 1.1 of the Existing Agreement shall be amended by adding the following proviso immediately preceding the period at the end thereof: “; provided, that Honeywell Elster Solutions, LLC and Honeywell Elster American Meter shall be deemed to be Approved Obligors with respect to those Receivables that arise under a Contract between a Seller and Honeywell Elster Solutions, LLC or Honeywell Elster American Meter for which Honeywell International, Inc. is obligated to pay all amounts owing on such Receivable in accordance with the terms of such Contract, and, for all purposes hereunder, the Approved Obligors with respect to such Receivables shall be both Honeywell Elster Solutions, LLC or Honeywell Elster American Meter, respectively, and Honeywell International, Inc.
(b)    The defined term “Maximum Facility Amount” in Section 1.1 of the Existing Agreement shall be amended by deleting therein the number “$260,000,000” and replacing it with “$280,000,000”.
(c)    Section 9.2 of the Existing Agreement shall be amended by adding the following new clause (r) at the end thereof:

“(r) In the case of any Purchased Receivable that arises under a Contract between a Seller and either Honeywell Elster Solutions, LLC or Honeywell Elster American Meter, Honeywell International, Inc. is obligated to pay all amounts owing on such Purchased Receivable.”
(d)    Schedule A to the Existing Agreement shall be amended and restated in its entirety to read as set out on Annex A attached to this Amendment.
SECTION 3. Conditions to Effectiveness.  This Amendment shall become effective as  of the date on which the Purchaser shall have received, in form and substance satisfactory to it (the “Effective Date”) this Amendment, duly executed by the Sellers, the Seller Representative and the Guarantor.
SECTION 4.  Representations and Warranties; Reaffirmation. 
(a)    Representations and Warranties.  To induce the Purchaser to enter into  this Amendment, each of the Seller Representative and the Sellers hereby represents and warrants to the Purchaser that as of the date hereof, the representations and warranties made by the Sellers in the Existing Agreement are true and correct in all material respects on and as of such date as if made on and as of such date (except to the extent such representation or warranty expressly relates to an earlier date, in which case such representation or warranty shall be true and correct in all material respects as of such earlier date).
(b)    Reaffirmation. Each Seller, by its signature below, hereby (i) agrees that, notwithstanding the effectiveness of this Amendment, the MARPA continues to be in full force and effect (as expressly amended hereby) and (ii) affirms and confirms its obligations under each of the Purchase Documents to which it is a party.  On and after the effective date of this Amendment, each reference in the MARPA to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the MARPA and each reference in the other documents referred to in the MARPA, “thereunder”, “thereof” or words of like import referring to the MARPA (as the case may be), shall mean and be a reference to the Purchase Agreement as amended by this Amendment. This Amendment shall constitute a Purchase Document.
(c)    Affirmation and Consent of Guarantor. Guarantor hereby consents to the amendment of the Purchase Agreement made by this Amendment, and hereby affirms and agrees that its unconditional and irrevocable guaranty contained in Section 11.4 of the Purchase Agreement is, and shall continue to be, in full force and effect and is hereby ratified and affirmed in all respects, and that, on and after the effective date of this Amendment, each reference in the Purchase Agreement (including in Section 11.4 thereof) to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Purchase Agreement, shall mean and be a reference to the Purchase Agreement as amended by this Amendment.
SECTION 5. Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts (including by facsimile or electronic transmission of signature pages hereto), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  A facsimile or electronic copy of an executed counterpart of this Amendment shall be effective as an original for all purposes.
SECTION 6. Severability. Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or 

unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
SECTION 7.   Explicit Acceptance.  Plexus Romania hereby represents that:
(a)    it has reviewed and understood the provisions of this Amendment and it agrees with the terms thereof;
(b)    has independently decided to enter into the Amendment on the basis of its own assessment or, where it has considered necessary, based on the legal, financial or technical expertise of external independent consultants selected by it;
(c)    it is capable of understanding (by itself or assisted by any consultants that it has considered necessary) and understands and accepts the contents of all the (internal and external) clauses and all the rights and obligations it undertakes through this Amendment; and
(d)    each clause of this Amendment has been negotiated by or on behalf of Plexus Romania with the Purchaser or their representatives (for the purpose of this Clause “negotiation” meaning both the exchange of proposals between parties or their representatives which has resulted in a final agreement in relation to certain clauses, and the unconditional acceptance by a party of the clauses proposed by the other party). In particular, Plexus Romania explicitly represents that it understands and accepts each and all unusual standard clauses (as defined by Article 1203 of the Romanian Civil Code, to the extent applicable) in this Amendment and MARPA.
SECTION 8. GOVERNING LAW. THIS AMENDMENT 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.

[remainder of page intentionally left blank]

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

SELLERS:

PLEXUS CORP.
	
		
	By:
	/s/ Patrick J. Jermain

	Name:
	Patrick J. Jermain

	Title:
	Executive Vice President & Chief Financial Officer

PLEXUS INTL SALES & LOGISTICS, LLC
	
		
	By:
	/s/ Angelo M. Ninivaggi

	Name:
	Angelo M. Ninivaggi

	Title:
	Vice President & Secretary

PLEXUS SERVICES RO SRL
	
		
	By:
	/s/ Angelo M. Ninivaggi

	Name:
	Angelo M. Ninivaggi

	Title:
	Director

	
		
	By:
	/s/ Denis Kerr

	Name:
	Denis Kerr

	Title:
	Director

PLEXUS  CORP. (UK) LIMITED
	
		
	By:
	/s/ Denis Kerr

	Name:
	Denis Kerr

	Title:
	Director

PLEXUS MANUFACTURING SDN. BHD
	
		
	By:
	/s/ Lim Yong Jim

	Name:
	Lim Yong Jim

	Title:
	Director

[Signature Page Amendment No. 9]

PURCHASER:
MUFG BANK, LTD. 
(f/k/a THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
NEW YORK BRANCH)

	
		
	By:
	/s/ Richard Gregory Hurst

	Name:
	Richard Gregory Hurst

	Title:
	Managing Director

[Signature Page Amendment No. 9]

ANNEX A
SCHEDULE A TO AMENDED AND RESTATED MASTER ACCOUNTS RECEIVABLE PURCHASE AGREEMENT
Approved Obligors
	
				
	Approved Obligor
	Approved Obligor Sublimit (USD)
	Approved Obligor Buffer Period (days)
	Applicable MarginAmendment Effective Date:       [11/18/2019]

    Contract Number:                       [870152]

    Owner:                                        [Jane Doe]

    [Joint Owner:                              [John Doe]]

    

    

    	
            Income Benefit Rider Amendment

          

    

    

    The Company has issued this amendment as a part of the Entire Contract.  This amendment is effective on the
        Amendment Effective Date. If there are any conflicts between this amendment and any contract or rider to which this amendment is attached, the provisions of this amendment will prevail.  Defined terms and contractual provisions are set forth in the
        contract or are added in this amendment.

    

    

    	
            Income Benefit Rider

          

    

    

    The following replaces the first sentence of the Income Benefit Rider.

    

    

    This rider provides guaranteed Income Payments during the Income Period.

    

    

    	
            Definitions

          

    

    

    The following is added to the “Definitions” section of the Income Benefit Rider.

    

    

    Adjusted Purchase Payments

    Total of all Purchase Payments received reduced proportionately by the percentage of all Contract Value
        withdrawn, including any withdrawal charges.

    

    

    	
            Income Payments

          

    

    

    The following replaces the “How we calculate the Annual Maximum” provision of the “Income Payments” section
        of the Income Benefit Rider.

    

    

    How we calculate the Annual Maximum for Level Income

    On the Income Benefit Date, the Annual Maximum is equal to the greater of the Lifetime Income Percentage for
        the Level Income Payment Option multiplied by the Contract Value, or the Level Income Guarantee Payment Percentage multiplied by the Adjusted Purchase Payments if all of the following are met:

    
      	
              ·

            	
              Level Income is selected as the Income Payment Option;

            

    

    
      	
              ·

            	
              On the Issue Date, the Covered Person(s) did not exceed the Maximum Issue Age for Level Income
                  Guarantee; and

            

    

    
      	
              ·

            	
              On the Income Benefit Date, the Covered Person(s) do not exceed the Maximum Exercise Age for Level
                  Income Guarantee.

            

    

    The Maximum Issue Age for Level Income Guarantee and the Maximum Exercise Age for Level Income Guarantee are
        shown on the Income Benefit Rider Contract Schedule. If the above criteria are not met, on the Income Benefit Date, the Annual Maximum is equal to the Lifetime Income Percentage for the Level Income Payment Option multiplied by the Contract Value.

    

    

    On each Income Benefit Anniversary thereafter, we calculate the Annual Maximum based on the Level Income
        Payment Option and the Contract Value. If your Quarterly Contract Anniversary and your Income Benefit Anniversary are not the same, the Contract Charges accrued but not deducted since your last Quarterly Contract Anniversary will not decrease the
        Contract Value until the next Quarterly Contract Anniversary.  The Annual Maximum will never decrease unless you take an Excess Withdrawal.

    

    

    How we calculate the Annual Maximum for Increasing Income

    On the Income Benefit Date, the Annual Maximum is equal to the Lifetime Income Percentage for the Increasing
        Income Payment Option and multiplied by the Contract Value. On each Income Benefit Anniversary thereafter, we calculate the Annual Maximum based on the Increasing Income Payment Option and the Contract Value. If your Quarterly Contract Anniversary
        and your Income Benefit Anniversary are not the same, the Contract Charges accrued but not deducted since your last Quarterly Contract Anniversary will not decrease the Contract Value until the next Quarterly Contract Anniversary.  The Annual
        Maximum will never decrease unless you take an Excess Withdrawal.

     

      

     

      

    LE40901-GUAR                                                                       1                                                   [Admin Tracking Identifier]

    

      

  

  

  

  

  

  

  

  

  

  

  

    	
            Income Payments continued from the previous page

          

    

    

    The following is added to the “Income Payments” section of the Income Benefit Rider.

    

    

    How we calculate the Level Income Guarantee Payment Percentage

    On the Income Benefit Date, your Level Income Guarantee Payment Percentage is based on the Age of the Covered
        Person(s). After the Income Benefit Date, the Level Income Guarantee Payment Percentage will not change.

    

    

    	
            General Provisions

          

    

    

    The following replaces the “Misstatement of Age of a Covered Person” paragraph of the “General Provisions”
        section of the Income Benefit Rider.

    

    

    Misstatement of Age of a Covered Person

    If there is a misstatement of the Age of a Covered Person, we will adjust the Annual Maximum based on the
        correct Lifetime Income Percentage or Level Income Guarantee Payment Percentage, as applicable.  If the misstatement caused an underpayment, we will pay you the difference in one payment.  If the misstatement caused an overpayment, we will reduce
        your next Income Payment by the amount of the difference.  If the amount of the difference is larger than your next Income Payment, we will reduce the subsequent Income Payment, and so on until the entire difference has been subtracted.  Any
        underpayment or overpayment will not include interest.

    

    

    

    

    
      LE40901-GUAR                                                                       2                                                  [Admin Tracking Identifier]

      

        

    

    

    

    

    

    

    

    	
            Income Benefit Rider Contract Schedule

          

    

    

    The following is added to the Income Benefit Rider Contract Schedule.

    

    

    Maximum Issue Age for Level Income Guarantee:          [75]

    Maximum Exercise Age for Level Income Guarantee:     [80]

    

    

    Level Income Guarantee Payment Percentage Table

    

    

    	
            [Covered Person’s* Age

          	
            Level Income Guarantee Payment Percentage

          
	
            50

          	
            2.23%

          
	
            51

          	
            2.28%

          
	
            52

          	
            2.33%

          
	
            53

          	
            2.39%

          
	
            54

          	
            2.44%

          
	
            55

          	
            2.50%

          
	
            56

          	
            2.57%

          
	
            57

          	
            2.64%

          
	
            58

          	
            2.71%

          
	
            59

          	
            2.78%

          
	
            60

          	
            2.86%

          
	
            61

          	
            2.95%

          
	
            62

          	
            3.04%

          
	
            63

          	
            3.13%

          
	
            64

          	
            3.23%

          
	
            65

          	
            3.34%

          
	
            66

          	
            3.45%

          
	
            67

          	
            3.58%

          
	
            68

          	
            3.71%

          
	
            69

          	
            3.85%

          
	
            70

          	
            4.00%

          
	
            71

          	
            4.17%

          
	
            72

          	
            4.35%

          
	
            73

          	
            4.55%

          
	
            74

          	
            4.77%

          
	
            75

          	
            5.00%

          
	
            76

          	
            5.27%

          
	
            77

          	
            5.56%

          
	
            78

          	
            5.89%

          
	
            79

          	
            6.25%

          
	
            80

          	
            6.67%

          
	
            81+

          	
            0.00%]

          

    

    

    *If you select joint Income Payments, we will use the Age of the younger Covered Person.

    

    

    

    

    
      LE40901-GUAR                                                                       3                                                   [Admin Tracking Identifier]

      

        

    

    

    

    

    

    

    

    In all other respects, the provisions, conditions, exceptions, and limitations contained in the contract
        remain unchanged and apply to this amendment.

    

    

    Signed for the Company at its home office.

    

    

    

    

    Allianz Life Insurance Company

    Of North America

    [                            ]

    [Gretchen Cepek]                                                                  
      [Walter R. White]

    Secretary          President and CEO

    

    

    To obtain information, make an inquiry, or for assistance with a complaint,

    please call our toll-free number at [800.624.0197].

     

      

     

      

    

    

    
      LE40901-GUAR                                                                
          4                                                        [Admin Tracking Identifier]

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