Document:

tsla-ex1010_1659.htm

Exhibit 10.10

CONFIDENTIAL TREATMENT REQUESTED

Certain portions of this document have been omitted pursuant to a request for Confidential Treatment and, where applicable, have been marked with “[***]” to indicate where omissions have been made. The confidential material has been filed separately with the Securities and Exchange Commission.

REQUIRED GROUP AGENT ACTION NO. 32

This REQUIRED GROUP AGENT ACTION NO. 32 (this “Action”), dated as of March 31, 2017 (the “Effective Date”), is entered into by and among Megalodon Solar, LLC, a Delaware limited liability company (“Borrower”), Bank of America, N.A., as the Administrative Agent (“Administrative Agent”), the Collateral Agent for the Secured Parties (“Collateral Agent”) and each of Bank of America, N.A. (“BA Agent”), Credit Suisse AG, New York Branch (“CS Agent”), Deutsche Bank AG, New York Branch (“DB Agent”), ING Capital LLC (“ING Agent”), KeyBank National Association (“KB Agent”), National Bank of Arizona (“NBAZ Agent”), Silicon Valley Bank (“SVB Agent”) and CIT Bank, N.A. (“CIT Agent” and collectively with BA Agent, CS Agent, DB Agent, ING Agent, KB Agent, NBAZ Agent and SVB Agent, the “Group Agents”), as Group Agents party to the Loan Agreement, dated as of May 4, 2015 (as amended, the “Loan Agreement”), by and among the Borrower, Administrative Agent, Collateral Agent, the Group Agents, the Lenders and the other parties from time to time party thereto.  As used in this Action, capitalized terms which are not defined herein shall have the meanings ascribed to such terms in the Loan Agreement.

A.The Borrower has requested the Required Group Agents to provide their consent to the addition and inclusion to the Loan Agreement and the other Financing Documents of (the “Subject Fund Transactions”) [***] (“[***]”), as a Subject Fund, and [***] (“[***]”), as a Borrower Subsidiary Party (collectively, [***] and [***], the “New Entities”);

B.The Required Group Agents are willing to provide their consent to the Subject Fund Transactions on the terms and subject to the conditions set forth in this Action; and

C.The Borrower, the Required Group Agents, the Administrative Agent and the Collateral Agent desire to amend the Loan Agreement as set forth herein.

Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows:

Required Group Agent Action No. 32

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

Section 1.Amendments to the Loan Agreement.  Subject to the prior satisfaction of the conditions precedent described in Section 3 hereof, the Loan Agreement will be amended as follows (clauses (a) – (d) below, collectively, the “Loan Agreement Amendments”):

(a)Schedule 1.1(b) to the Loan Agreement shall be amended by amending and restating the table therein in its entirety as follows:

	
Partnership Managing Member / Lessor Managing Member / Borrower Subsidiary (Other Non-Financed Structure)
	
Equity Interests Owned as of date related Partnership or Lessor Partnership becomes a Subject Fund

	
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(b)Appendix 1 of the Loan Agreement shall be amended and restated as set forth in Exhibit 1 attached hereto; 

(c)Appendix 4 of the Loan Agreement shall be amended and restated as set forth in Exhibit 2 attached hereto; and

(d)Appendix 5 of the Loan Agreement shall be amended and restated as set forth in Exhibit 3 attached hereto.

Section 2.Consents.  Subject to the prior satisfaction of the conditions precedent described in Section 3 hereof:

(a)the Required Group Agents consent to the Loan Agreement Amendments, with acknowledgement by each of the Administrative Agent and the Collateral Agent; and

(b)the Administrative Agent and the Required Group Agents consent to the Subject Fund Transactions pursuant to and in accordance with Section 2.10(a) of the Loan Agreement.

 

	
 
	
2
	
Required Group Agent Action No. 32

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

Section 3.Conditions Precedent.  This Action shall be effective upon the satisfaction of the following conditions precedent:

(a)The Administrative Agent shall have received counterparts of this Action, executed and delivered by each of the other parties hereto.

(b)The Administrative Agent shall have received a certificate of the Borrower dated as of the Effective Date signed by a Responsible Officer of the Borrower (i) making the Tax Equity Representations with respect to [***] and (ii) certifying that each representation and warranty of the Borrower contained in Article 4 of the Loan Agreement is true and correct in all material respects as of the Effective Date (unless such representation or warranty relates solely to an earlier date, in which case it shall have been true and correct in all material respects as of such earlier date) other than those representations and warranties that are modified by materiality by their own terms, which shall be true and correct in all respects as of the Effective Date (unless such representation or warranty relates solely to an earlier date, in which case it shall have been true and correct in all respects as of such earlier date).

(c)The Borrower shall have delivered or caused to be delivered to the Administrative Agent a Tax Equity Required Consent from [***] in connection with the Subject Fund Transactions.

(d)Each of the Administrative Agent and each Group Agent shall have received an opinion, dated no earlier than the Effective Date, of Wilson Sonsini Goodrich & Rosati, counsel to the Loan Parties, the Borrower Subsidiary Parties and SolarCity, in form and substance reasonably acceptable to the Administrative Agent, the Collateral Agent and the Majority Group Agents, with respect to the Subject Fund Transactions.

(e)Each of the Administrative Agent and each Group Agent shall have received opinions, dated no earlier than the Effective Date, of Proskauer Rose LLP, special bankruptcy counsel to the Loan Parties, the Borrower Subsidiary Parties and SolarCity, each in form and substance reasonably acceptable to the Administrative Agent, the Collateral Agent and the Majority Group Agents, with respect to the Subject Fund Transactions.

(f)The Administrative Agent and the Collateral Agent shall have received (i) searches of UCC filings in the jurisdiction of incorporation or formation, as applicable, of each of the New Entities and the Borrower and each jurisdiction where a filing would need to be made in order to perfect the security interest of the Collateral Agent (for the benefit of the Secured Parties) in the Collateral in respect of the New Entities (the “New Collateral”), (ii) copies of the financing statements on file in such jurisdictions and evidence that no liens exist on the New Collateral pledged by [***] and the Borrower other than Permitted Liens of the type set forth in clauses (b), (c) or (d) of the definition thereof and (iii) copies of tax lien, judgment and bankruptcy searches in such jurisdictions.

(g)The Collateral Agent shall have received all documentation in connection with the New Collateral, including (i) a Joinder Agreement in the form attached as Exhibit C to the Security Agreement, executed by each of [***], the Collateral Agent and the Borrower, dated as of the Effective Date, (ii) a Joinder Agreement in the form attached as Exhibit B-1 to the CADA, executed by each of [***], the Collateral Agent and the Borrower, dated as of the Effective Date, (iii) a Joinder Agreement in the form attached as Exhibit C to the Borrower Subsidiary Party Security Agreement, executed by each of [***] and the Collateral Agent, dated as of the Effective Date and (iv) any other data, documentation, analysis or report reasonably requested by the Administrative Agent with respect to the New Entities.

 

	
 
	
3
	
Required Group Agent Action No. 32

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

(h) (i) The UCC financing statements relating to the New Collateral shall have been duly filed in each office and in each jurisdiction where required in order to create and perfect the first priority Lien and security interest set forth in the Collateral Documents (as supplemented and as such term is defined in the Loan Agreement, as amended) and (ii) the Borrower shall have properly delivered or caused to be delivered to the Collateral Agent all New Collateral in which the Lien and security interest described above is permitted to be perfected by possession or control, including delivery of original certificates representing all issued and outstanding Equity Interests in [***] and the pledged interests in [***] pursuant to the Borrower Subsidiary Party Security Agreement, along with the applicable blank transfer powers and proxies.

(i)Each of the other conditions precedent as set forth in Section 3.4 of the Loan Agreement shall have been satisfied with respect to the Subject Fund Transactions.

(j)The Administrative Agent shall have received for its own account all costs and expenses described in Section 6 of this Action, for which invoices have been presented in connection herewith.

Section 4.Reference to and Effect on Financing Documents. Each of the Loan Agreement and the other Financing Documents is and shall remain unchanged and in full force and effect, and, except as expressly set forth herein, nothing contained in this Action shall, by implication or otherwise, limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Administrative Agent or any of the other Secured Parties, or shall alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in each of the Loan Agreement and any other Financing Document. This Action shall also constitute a “Financing Document” for all purposes of the Loan Agreement and the other Financing Documents.

Section 5.Incorporation by Reference.  Sections 10.5 (Entire Agreement), 10.6 (Governing Law), 10.7 (Severability), 10.8 (Headings), 10.11 (Waiver of Jury Trial), 10.12 (Consent to Jurisdiction), 10.14 (Successors and Assigns) and 10.16 (Binding Effect; Counterparts) of the Loan Agreement are hereby incorporated by reference herein, mutatis mutandis.

Section 6.Expenses. The Borrower agrees to reimburse the Administrative Agent in accordance with Section 10.4(b) of the Loan Agreement for its reasonable and documented out-of-pocket expenses in connection with this Action, including reasonable and documented fees and out-of-pocket expenses of legal counsel.

Section 7.Construction. The rules of interpretation specified in Section 1.2 of the Loan Agreement also apply to this Action, mutatis mutandis.

 

[Signature Pages Follow]

 

 

 

 

	
 
	
4
	
Required Group Agent Action No. 32

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

IN WITNESS WHEREOF, the parties hereto have caused this Action to be duly executed by their respective authorized officers as of the day and year first written above.

 

	
MEGALODON SOLAR, LLC,

as Borrower

	
By:
	
/s/ Lyndon Rive

	
Name:
	
Lyndon Rive

	
Title:
	
President

	
 
	
 

	
BANK OF AMERICA, N.A.,

as a Group Agent

	
By:
	
/s/ Sheikh Omer-Farooq

	
Name:
	
Sheikh Omer-Farooq

	
Title:
	
Managing Director

	
 
	
 

	
CIT BANK, N.A.,

as a Group Agent

	
By:
	
/s/ Rhys Marsh

	
Name:
	
Rhys Marsh

	
Title:
	
Managing Director

	
 

	
CREDIT SUISSE AG, NEW YORK BRANCH,

as a Group Agent

	
By:
	
/s/ Erin McCutcheon

	
Name:
	
Erin McCutcheon

	
Title:
	
Vice President

	
 
	
 

	
By:
	
/s/ Patrick J. Hart

	
Name:
	
Patrick J. Hart

	
Title:
	
Vice President

	
 
	
 

	
DEUTSCHE BANK AG, NEW YORK BRANCH,

	
as a Group Agent

	
By:
	
/s/ Rich Mauro

	
Name:
	
Rich Mauro

	
Title:
	
Vice President

	
 
	
 

	
By:
	
/s/ Evelyn Peters

	
Name:
	
Evelyn Peters

	
Title:
	
Director

[ Signature Page to Required Group Agent  Action No. 32 ]

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

 

	

ING CAPITAL, LLC,

as a Group Agent

	
By:
	
/s/ Thomas Cantello

	
Name:
	
Thomas Cantello

	
Title:
	
Director

	
 
	
 

	
By:
	
/s/ Mark Parrish

	
Name:
	
Mark Parrish

	
Title:
	
Vice President

	
 
	
 

	
KEYBANK NATIONAL ASSOCIATION,

as a Group Agent

	
By:
	
/s/ Benjamin Cooper

	
Name:
	
Benjamin Cooper

	
Title:
	
Vice President

	
 
	
 

	
National Bank of Arizona,

as a Group Agent

	
By:
	
/s/ Robert E. Cooper, Jr.

	
Name:
	
Robert E. Cooper, Jr.

	
Title:
	
Vice President

	
 
	
 

	
SILICON VALLEY BANK,

as a Group Agent

	
By:
	
/s/ Sayoji Goli

	
Name:
	
Sayoji Goli

	
Title:
	
Vice President

	
 

	
BANK OF AMERICA, N.A.

as Administrative Agent and Collateral Agent

	
By:
	
/s/ Darleen R. DiGrazia

	
Name:
	
Darleen R. DiGrazia

	
Title:
	
Vice President

	
 
	
 

	
 

 

 

 

[ Signature Page to Required Group Agent  Action No. 32 ]

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

EXHIBIT 1

APPENDIX 1

ADVANCE RATE

The “Advance Rate” means

	
 
	
(i)
	
For a Subject Fund the following percentages:

	
Subject Fund
	
Advance Rate
	
Cash Sweep Fund or 
Non-Cash Sweep Fund

	
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(ii)
	
In respect of any Potential New Fund that becomes a Subject Fund, a percentage as shall be determined in accordance with this Appendix 1 following the completion of due diligence by the Administrative Agent, which by way of example shall be:

Exhibit 1

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

 

	
Advance Rate

	
For each Cash Sweep Fund, Non-Cash Sweep Fund and Other Structure, the Advance Rate will be the percentage determined for each System in such Subject Fund based on the “Type of Fund,” in accordance with the table below.

	
Type of Fund
	
 
	
 
	
 

	
Cash Sweep Fund

(baseline: CB (see below))
	
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Non Cash Sweep
Fund

([***] baseline)
	
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Other Non-Financed Structure 

([***] baseline)
	
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Other Financed Structure
	
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“CB” or “Cash Sweep Fund Baseline” means, the lesser of (a) [***] and (b) the percentage obtained by dividing (i) the maximum amount of debt that can be fully supported by Net Cash Flows distributable to the Managing Member(s) of such Subject Fund assuming interest is accruing at the Default Rate when applying the ITC Downside Case to that particular Subject Fund and only that Subject Fund by (ii) the Discounted Solar Asset Balance of such Subject Fund.

“ITC Downside Case” means a scenario in which a 30% reduction in fair market value occurs in the first month that a Subject Fund is included in the Available Borrowing Base and the Aggregate Advance Model is adjusted to calculate the Net Cash Flows distributable to the Managing Member(s) of such Subject Fund in light of such reduction in fair market value and any applicable Cash Sweep Event (as defined in Appendix 7).

For avoidance of doubt, the amounts set forth in this clause (ii) are indicative subject to final determination by the Administrative Agent at the time such Subject Fund is included in the Available Borrowing Base;

	
 
	
(iii)
	
[Reserved].

	
 
	
(iv)
	
All PV Systems in any Watched Fund shall have an Advance Rate of [***] for purposes of calculating the Available Borrowing Base. For avoidance of doubt, this shall include any PV Systems in a Watched Fund that were financed in previous tranches and whose Net Cash Flows were incorporated in previous Available Borrowing Base calculations.

	
 
	
(v)
	
To the extent that, despite negotiating in good faith, the Administrative Agent and the Borrower cannot agree on the Advance Rate under clause (ii) of this Appendix 1, the Advance Rate determined by the Administrative Agent, acting at the direction of the Majority Group Agents, shall prevail.

 

 

Exhibit 1

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

EXHIBIT 2

APPENDIX 4

TAX EQUITY STRUCTURES, PARTNERSHIPS, LESSOR PARTNERSHIPS, LESSORS, SUBJECT FUNDS, MANAGING MEMBERS, FUNDED SUBSIDIARIES, LESSEES, CASH SWEEP DESIGNATIONS AND INVESTORS

	
Tax Equity Structure
	
Partnership / 
Lessor Partnership

(Subject Fund)
	
Partnership Managing Member / Lessor Partnership Managing Member
	
Funded Subsidiaries

(Subject Fund and Managing Member, if any)
	
Lessee
	
Full Cash-Sweep Fund, Partial Cash-
Sweep Fund or Non-
Cash Sweep Fund
	
Investor(s)

	
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Exhibit 2

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

EXHIBIT 3

APPENDIX 5

PROJECT DOCUMENTS

	
 
	
1.
	
[***] Subject Fund

	
 
	
•
	
Master Lease, dated as of [***], by and between [***] and [***].

	
 
	
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Equity Capital Contribution Agreement, dated as of [***], by and among SolarCity, [***] and [***].

	
 
	
•
	
Amendment to Equity Capital Contribution Agreement, dated as of [***] (to add [***] as a Project State).

	
 
	
•
	
Operating Agreement of [***], dated as of [***], by and between [***] and [***].

	
 
	
•
	
Operating Agreement of [***], dated as of [***], by and among [On File with Administrative Agent], [***] and [***].

	
 
	
•
	
Second Amended and Restated Limited Liability Company Agreement of [***] dated as of [***], by Megalodon Solar, LLC.

	
 
	
•
	
Pass-Through Agreement, dated as of [***], by and between [***] and [***].

	
 
	
•
	
Guaranty, dated as of [***], from SolarCity in favor of [On File with Administrative Agent], [***] and [***].

	
 
	
2.
	
[***] Subject Fund

	
 
	
•
	
Master Lease, dated as of [***], by and between [***] and [***].

	
 
	
•
	
Equity Capital Contribution Agreement, dated as of [***], by and among SolarCity, [***] and [***].

	
 
	
•
	
Amendment to Equity Capital Contribution Agreement, dated as of [***] (to add [***] as a Project State) by and among SolarCity, [***] and [***].

	
 
	
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First Amendment to Equity Capital Contribution Agreement, dated as of [***], by and among SolarCity, [***] and [***].

	
 
	
•
	
Operating Agreement of [***], dated as of [***], by and between [***] and [***].

	
 
	
•
	
Operating Agreement of [***], dated as of [***], by and between [On File with Administrative Agent] and [***].

Exhibit 3

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

	
 
	
•
	
Second Amended and Restated Limited Liability Company Agreement of [***] dated as of [***], by Megalodon Solar, LLC.

	
 
	
•
	
Pass-Through Agreement, dated as of [***], by and between [***] and [***].

	
 
	
•
	
Guaranty, dated as of [***], from SolarCity in favor of [On File with Administrative Agent] and [***].

	
 
	
3.
	
[***] Subject Fund

	
 
	
•
	
Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
•
	
Contribution Agreement (Systems), dated as of [***], by and among [***], [***], Megalodon Solar, LLC and [***].

	
 
	
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Maintenance Services Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
•
	
Administrative Services Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
4.
	
[***] Subject Fund

	
 
	
•
	
Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amendment No. 1 to Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
•
	
Maintenance Services Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
•
	
Administrative Services Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
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Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
•
	
Guaranty, dated as of [***], from SolarCity in favor of [On File with Administrative Agent].

Exhibit 3

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

	
 
	
5.
	
[***] Subject Fund

	
 
	
•
	
Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
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Maintenance Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Administrative Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Amendment No. 1 to Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
•
	
Guaranty, dated as of [***], by and between SolarCity Corporation and [On File with Administrative Agent].

	
 
	
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Transition Manager Agreement, dated as of [***], by and among [***], SolarCity Corporation and [***].

	
 
	
6.
	
[***] Subject Fund

	
 
	
•
	
Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
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Maintenance Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
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Administrative Services Agreement, dated as of October 30, 2015, by and between SolarCity Corporation and [***].

	
 
	
•
	
Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Guaranty, dated as of [***], by and between SolarCity Corporation and [On File with Administrative Agent].

Exhibit 3

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

	
 
	
7.
	
[***] Subject Fund

	
 
	
•
	
Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
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Maintenance Services Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
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Administrative Services Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
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Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
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Guaranty, dated as of [***], from SolarCity in favor of [On File with Administrative Agent].

	
 
	
8.
	
[***] Subject Fund

	
 
	
•
	
Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
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Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
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Maintenance Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
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Administrative Services Agreement, dated as of [***], by and between SolarCity Corporation and Louis Solar III, LLC.

	
 
	
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Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
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Guaranty, dated as of [***], by and between SolarCity Corporation and [On File with Administrative Agent].

	
 
	
9.
	
[***] Subject Fund

	
 
	
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Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Second Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

Exhibit 3

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

	
 
	
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Maintenance Services Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
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Asset Management Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
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Master Purchase and Equity Capital Contribution Agreement, dated as of [***], by and among SolarCity Corporation, [***], [***] and [On File with Administrative Agent].

	
 
	
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Amendment Agreement, dated as of [***], by and among SolarCity Corporation, [***], [***] and [On File with Administrative Agent].

	
 
	
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Guaranty, dated as of [***], by SolarCity Corporation in favor of [On File with Administrative Agent].

	
 
	
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Accession Agreement, dated as of [***], by and among SolarCity Corporation, [***] and [***]. 

	
 
	
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SREC Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
10.
	
[***] Subject Fund

	
 
	
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Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amendment No. 1 to Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
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Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
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Maintenance Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
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Administrative Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
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Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
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Guaranty, dated as of [***], by SolarCity Corporation in favor of [On File with Administrative Agent].

Exhibit 3

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

	
 
	
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Accession Agreement, dated as of [***], by and among [***], SolarCity Corporation and [***].

	
 
	
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SREC Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
11.
	
[***] Subject Fund

	
 
	
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Master Lease Agreement, dated as of [***], by and between [***] and [***].

	
 
	
•
	
Omnibus Amendment No. 1 and Consent, dated as of [***], by and among SolarCity Corporation, [***] and [***], as acknowledged by [***] and [On File with Administrative Agent].

	
 
	
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Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
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Independent Manager Agreement, dated as of [***], by and among [***], [***] and [***].

	
 
	
•
	
Security Agreement, dated as of [***], by and between [***] and [***].

	
 
	
•
	
Depositary Agreement, dated as of [***], by and between [***] and [***]. 

	
 
	
•
	
Guaranty, dated as of [***], by SolarCity Corporation in favor of [On File with Administrative Agent].

	
 
	
•
	
UCC-1, filed [***], designating [***], as “[***]”, and [***], as “[***]”.

	
 
	
•
	
Each Contribution Agreement entered into by and among SolarCity Corporation, [***] and the other parties thereto.

	
 
	
•
	
Each Assignment and Assumption Agreement entered into by and between [***] and [***].

	
 
	
12.
	
[***] Subject Fund

	
 
	
•
	
Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amendment No. 1 to Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

Exhibit 3

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

	
 
	
•
	
Maintenance Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Administrative Services Agreement, dated as of [***] by and between SolarCity Corporation and [***].

	
 
	
•
	
Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Guaranty, dated as of [***], by and between SolarCity Corporation and [On File with Administrative Agent].

	
 
	
•
	
Transition Manager Agreement, dated as of [***], by and among [***], SolarCity and [***].

	
 
	
13.
	
[***] Subject Fund

	
 
	
•
	
Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
•
	
Maintenance Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Administrative Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Guaranty, dated as of [***], by SolarCity Corporation in favor of [***] and [On File with Administrative Agent].

	
 
	
•
	
Transition Manager Agreement, dated as of [***], by and among [***], SolarCity Corporation, [On File with Administrative Agent] and [***].

	
 
	
14.
	
[***] Subject Fund

	
 
	
•
	
Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

Exhibit 3

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

 

	
 
	
•
	
Maintenance Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Administrative Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
SREC Services Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity Corporation and [***].

	
 
	
•
	
Guaranty, dated as of [***], by SolarCity Corporation in favor of [On File with Administrative Agent].

	
 
	
15.
	
[***] Subject Fund

	
 
	
•
	
Limited Liability Company Agreement of [***], dated as of [***], by and between [***] and [On File with Administrative Agent].

	
 
	
•
	
Amended and Restated Limited Liability Company Agreement of [***], dated as of [***], by Megalodon Solar, LLC.

	
 
	
•
	
Maintenance Services Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
•
	
Administrative Services Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
•
	
Master Development, EPC & Purchase Agreement, dated as of [***], by and between SolarCity and [***].

	
 
	
•
	
Guaranty, dated as of [***], from SolarCity in favor of [On File with Administrative Agent].

Exhibit 3

 

[***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.Exhibit

Exhibit 10.1

AMENDMENT NO. 1 TO CREDIT AGREEMENT
AMENDMENT NO. 1 TO CREDIT AGREEMENT, dated as of March 27, 2017 (this “Agreement”), by and among IMPAX LABORATORIES, INC. (the “Borrower”), Royal Bank of Canada (“Royal Bank”), as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), and each Lender party hereto.
PRELIMINARY STATEMENTS:
WHEREAS, reference is hereby made to the Credit Agreement, dated as of August 4, 2015 and as amended and restated as of August 3, 2016 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement), among the Borrower, the Administrative Agent, the Collateral Agent and the Lenders party thereto;
WHEREAS, the Borrower has requested certain modifications to the Credit Agreement as more particularly set forth herein; and
WHEREAS, Section 11.01 of the Credit Agreement provides that the Credit Agreement may be amended by the Borrower and the Required Lenders;
NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto hereby agree as follows:
SECTION 1.    Amendment of Credit Agreement.  The Credit Agreement is, as of the Effective Date (as defined below) and subject to the satisfaction of the applicable conditions precedent set forth in Section 2 of this Agreement, hereby amended as follows:

(a)    The following definitions shall be added to Section 1.01 of the Credit Agreement in their correct alphabetical order:

“Consolidated Interest Charges” means, with respect to any Person (on a consolidated basis) for any Test Period, the sum of: (1) cash interest expense (less cash interest income) for such period plus (2) all cash dividend payments on any series of Disqualified Equity Interests made during such period.
“Interest Coverage Ratio” means, with respect to any Test Period, the ratio of (1) Consolidated Adjusted EBITDA of the Borrower for such Test Period to (2) Consolidated Interest Charges of the Borrower for such Test Period.
(b)    The definition of “Fixed Incremental Amount” in Section 1.01 of the Credit Agreement shall be amended to (i) replace “$200,000,000” with “$100,000,000” and (ii) add the following proviso at the end thereof: “; provided that any Indebtedness incurred in reliance on the Fixed Incremental Amount shall be unsecured Indebtedness”.

(c)    Clause (x) of the definition of “Ratio Amount” in Section 1.01 of the Credit Agreement shall be amended to replace the reference to “2.50 to 1.00” therein with “2.25 to 1.00”.

(d)    Section 1.08 of the Credit Agreement shall be amended as follows:

(i)    The phrase “Consolidated Interest Charges, the Interest Coverage Ratio,” shall be added immediately following each reference to “TTM Consolidated Adjusted EBITDA” therein

(ii)    The proviso to Section 1.08(1) of the Credit Agreement shall be amended to replace the phrase “the Total Net Leverage Ratio” therein with “the Senior Secured Net Leverage Ratio or the Interest Coverage Ratio”.

(iii)    Section 1.08(4) of the Credit Agreement shall be amended to add the following at the end thereof: “and the Interest Coverage Ratio shall be calculated giving pro forma effect to such incurrence or repayment of Indebtedness, to the extent required, as if the same had occurred on the first day of the applicable 

Test Period; provided that if such Indebtedness has a floating or formula rate, then such Indebtedness shall have an implied rate of interest for the applicable period for purposes of this clause determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination”. 

(e)    Clause (a) of the proviso to Section 7.01(32) of the Credit Agreement shall be amended to replace the reference to “2.50 to 1.00” therein with “2.25 to 1.00”.

(f)    Section 8.01 of the Credit Agreement shall be amended and restated in its entirety as follows:

SECTION 8.01  Financial Covenants.
(a)    Senior Secured Net Leverage Ratio.  The Borrower will not permit the Senior Secured Net Leverage Ratio on the last day of each Test Period to be greater than 2.50:1.00.
(b)    Interest Coverage Ratio.  The Borrower will not permit the Interest Coverage Ratio on the last day of each Test Period to be less than 3.00:1.00.
(g)    Section 8.02 of the Credit Agreement shall be amended to replace the reference to “the Total Net Leverage Ratio” therein with “the Senior Secured Net Leverage Ratio or the Interest Coverage Ratio”.

(h)    References in the Credit Agreement and the other Loan Documents to “the financial covenant under Section 8.01 of the Credit Agreement” or words or phrases of similar import shall be deemed to refer to the financial covenants under Section 8.01 of the Credit Agreement after giving effect to this Agreement.

(i)    (i) Paragraph 1 of Exhibit C to the Credit Agreement shall be amended to replace the reference to “the Total Net Leverage Ratio” therein with “the Senior Secured Net Leverage Ratio and the Interest Coverage Ratio” and (ii) Part 3 of Schedule 1 to Exhibit C to the Credit Agreement shall be amended and restated as follows:

	
				
	3.
	(I)  Senior Secured Net Leverage Ratio
	 
	 

	 
	(a)  Consolidated Secured Net Debt
	___________________
	 

	 
	(b)  Consolidated Adjusted EBITDA
	___________________
	 

	 
	       Senior Secured Net Leverage Ratio
	___________________
	 

	 
	(the ratio of clause (a) to clause (b):

	 
	 

	 
	Required Senior Secured Net Leverage Ratio
	2.50 to 1.00
	 

	 
	Compliant:
	[Yes] / [No]
	 

	 
	(II)  Interest Coverage Ratio
	 
	 

	 
	(a)  Consolidated Adjusted EBITDA
	___________________
	 

	 
	(b)  Consolidated Interest Charges
	___________________
	 

	 
	       Interest Coverage Ratio
	___________________
	 

	 
	(the ratio of clause (a) to clause (b):

	 
	 

	 
	Required Interest Coverage Ratio
	3.00 to 1.00
	 

	 
	Compliant:
	[Yes] / [No]
	 

SECTION 2.    Conditions to Effectiveness.  This Agreement shall become effective on the first date (the “Effective Date”) when, and only when, each of the applicable conditions set forth below have been satisfied (or waived) in accordance with the terms herein:

(a)    this Agreement shall have been executed and delivered by the Borrower, Lenders under the Credit Agreement representing the Required Lenders and the Administrative Agent;

(b)    as of the Effective Date, immediately before and after giving effect to this Agreement, (i) the representations and warranties of the Borrower and each other Loan Party contained in Article V of the Credit Agreement or any other Loan Document shall be true and correct in all material respects on and as of such date; provided, that to the 

2

extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided, further, that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates and (ii) no Default or Event of Default shall have occurred and be continuing on such date or would result after giving effect to this Agreement;

(c)    the Administrative Agent shall have received a certificate dated as of the Effective Date and executed by a Responsible Officer of the Borrower as to the matters set forth in Section 2(b) above; and

(d)    the Borrower shall have paid in full in cash to the Administrative Agent: (i) for the account of each Lender that has returned an executed signature page to this Agreement to the Administrative Agent at or prior to 5:00 p.m. (New York City time) on March 24, 2017, consent fees in the amount equal to 0.125% of such Lender’s Loans and Commitments (without duplication); and (ii) for the account of Royal Bank, in its respective capacities as Administrative Agent and Lead Arranger, all fees and expenses required to be paid to it on the Effective Date, in the case of expenses and legal fees to the extent invoiced in reasonable detail at least two (2) Business Days before the Effective Date (except as otherwise reasonably agreed by the Borrower).

SECTION 3.    Expenses.  The Borrower hereby reconfirms its obligations pursuant to Section 11.04 of the Credit Agreement to pay all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent in connection with this Agreement.

SECTION 4.    Reaffirmation of the Loan Parties.  The Borrower, on its own behalf and on behalf of each other Loan Party, hereby consents to the amendments to the Credit Agreement effected hereby and confirms and agrees that, notwithstanding the effectiveness of this Agreement, each Loan Document to which each Loan Party is a party is, and the obligations of each such Loan Party contained in the Credit Agreement, this Agreement or in any other Loan Document to which it is a party are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, in each case as amended by this Agreement.  For greater certainty and without limiting the foregoing, the Borrower, on its own behalf and on behalf of each other Loan Party, hereby confirms that the existing security interests granted by each Loan Party in favor of the Secured Parties pursuant to the Loan Documents in the Collateral described therein shall continue to secure the obligations of the Loan Parties under the Credit Agreement and the other Loan Documents as and to the extent provided in the Loan Documents.  

SECTION 5.    Amendment, Modification and Waiver.  This Agreement may not be amended, modified or waived except in accordance with Section 11.01 of the Credit Agreement.

SECTION 6.    Entire Agreement.  This Agreement, the Credit Agreement and the other Loan Documents constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties hereto with respect to the subject matter hereof.  Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of any party under, the Credit Agreement, nor alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  It is understood and agreed that each reference in each Loan Document to the Credit Agreement, whether direct or indirect, shall hereafter be deemed to be a reference to the Credit Agreement as amended by this Agreement and that this Agreement is a Loan Document.  This Agreement shall not constitute a novation of any amount owing under the Credit Agreement and all amounts owing in respect of principal, interest, fees and other amounts pursuant to the Credit Agreement and the other Loan Documents shall, to the extent not paid or exchanged on or prior to the Effective Date, continue to be owing under the Credit Agreement or such other Loan Documents until paid in accordance therewith.

SECTION 7.    GOVERNING LAW.  THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.  SECTIONS 11.15 AND 11.16 OF THE CREDIT AGREEMENT ARE HEREBY INCORPORATED BY REFERENCE INTO THIS AGREEMENT MUTATIS MUTANDIS AND SHALL APPLY HERETO.

SECTION 8.    Severability.  In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein, to the fullest extent permitted by applicable law, shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity 

3

of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions

SECTION 9.    Counterparts.  This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile transmission or other customary means of electronic transmission (e.g., “pdf”) shall be as effective as delivery of a manually signed counterpart of this Agreement.

[Remainder of Page Intentionally Blank]

4

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Agreement as of the date first written above.
	
				
	 
	IMPAX LABORATORIES, INC.

	by
	 /s/ Bryan M. Reasons
	 

	 
	Name:  Bryan M. Reasons
	 

	 
	Title:    Chief Financial Officer
	 

	
				
	 
	 
	ROYAL BANK OF CANADA, as Administrative Agent,

	By:
	/s/ Ann Hurley

	 
	Name:  Ann Hurley

	 
	Title:   Manager, Agency

	
				
	 
	 
	Royal Bank of Canada,
as a Lender

	By:
	/s/ Amy S. Promaine

	 
	Name:  Amy S. Promaine

	 
	Title:    Authorized Signatory

	
				
	 
	 
	Bank of America, N.A.,
as a Lender

	By:
	  /s/ Joseph L. Corah

	 
	Name:  Joseph L. Corah

	 
	Title:    Director

	
				
	 
	 
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
as a Lender

	By:
	  /s/ Cristopher Day

	 
	Name: Christopher Day

	 
	Title:   Authorized Signatory

	By:
	  /s/ Joan Park

	 
	Name: Joan Park

	 
	Title:   Authorized Signatory

	
				
	 
	 
	HEALTHCARE FINANCIAL SOLUTIONS, LLC,
as a Lender

	By:
	  /s/ R. Hanes Whiteley

	 
	Name: R. Hanes Whiteley

	 
	Title:   Authorized Signatory

	
				
	 
	 
	TD Bank, N.A.,
as a Lender

	By:
	  /s/ Shivani Agarwal

	 
	Name:  Shivani Agarwal

	 
	Title:    Senior Vice President

	
				
	 
	 
	DNB Capital LLC,
as a Lender

	By:
	  /s/ Caroline Adams

	 
	Name: Caroline Adams

	 
	Title:   First Vice President

	By:
	  /s/ Kristi Birkeland Sorensen

	 
	Name: Kristi Birkeland Sorensen

	 
	Title:Senior Vice President, Head of Corporate Banking

	 
	 

	
				
	 
	 
	Sumitomo Mitsui Banking Corporation,
as a Lender

	By:
	  /s/ Katsuyuki Kubo

	 
	Name:  Katsuyuki Kubo

	 
	Title:    Managing Director

	
				
	 
	 
	Bank of the West,
as a Lender

	By:
	  /s/ Harry Yergey

	 
	Name: Harry Yergey

	 
	Title:   Managing Director

	By:
	  /s/ Michael Weinert

	 
	Name: Michael Weinert

	 
	Title:   Director

	
				
	 
	 
	Adams Mill CLO Ltd.,
as a Lender

By Shenkman Capital Management, Inc.,
as Collateral Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	AEGIS Electric and Gas International Services, Ltd.,
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as Investment Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Associated Electric & Gas Insurance Services Limited,
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as Investment Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Brookside Mill CLO Ltd.,
as a Lender

By: Shenkman Capital Management, Inc.,
as Collateral Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Christian Super,
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as Investment Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Credos Floating Rate Fund LP,
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as General Partner

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	GuideStone Funds Flexible Income Fund,
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as Investment Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Health Employees Superannuation Trust Australia,
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as Investment Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Highmark Inc.,
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as Investment Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Jackson Mill CLO Ltd.,
as a Lender

By Shenkman Capital Management, Inc.,
as Portfolio Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Jefferson Mill CLO, Ltd.,
as a Lender

By Shenkman Capital Management, Inc.,
as Collateral Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Providence Health & Services Investment Trust (Bank Loans Portfolio),
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as Investment Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Sudbury Mill CLO, Ltd.,
as a Lender

By Shenkman Capital Management, Inc.,
as Collateral Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Virginia College Savings Plan,
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as Investment Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	Washington Mill CLO Ltd.,
as a Lender

By Shenkman Capital Management, Inc.,
as Collateral Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	WM Pool - Fixed Interest Trust No. 7,
as a Lender

By SHENKMAN CAPITAL MANAGEMENT, INC.,
as Investment Manager

	By:
	  /s/ Justin Slatky

	 
	Name: Justin Slatky

	 
	Title:   CO-CIO

	
				
	 
	 
	MUFG Union Bank, N.A.,
as a Lender

	By:
	  /s/ Jaime Johnson

	 
	Name: Jaime Johnson

	 
	Title:   Director

	
				
	 
	 
	BMO Harris Bank, N.A.,
as a Lender

	By:
	  /s/ Eric Oppenheimer

	 
	Name: Eric Oppenheimer

	 
	Title:   Managing Director

	
				
	 
	 
	Barclays Bank PLC,
as a Lender

	By:
	  /s/ Graeme Palmer

	 
	Name: Graeme Palmer

	 
	Title:   Assistant Vice President

	
				
	 
	 
	DEUTSCHE BANK AG NEW YORK BRANCH,
as a Lender

	By:
	  /s/ Anca Trifan

	 
	Name: Anca Trifan

	 
	Title:   Managing Director

	By:
	  /s/ Benjamin Souh

	 
	Name: Benjamin Souh

	 
	Title:   Vice President

	
				
	 
	 
	Fifth Third Bank,
as a Lender

	By:
	  /s/ Thomas Avery

	 
	Name: Thomas Avery

	 
	Title:   Vice President

	
				
	 
	 
	Citizens Bank, N.A.,
as a Lender

	By:
	  /s/ Christopher J. DeLauro

	 
	Name: Christopher J. DeLauro

	 
	Title:   Vice President

	
				
	 
	 
	Flagstar Bank, FSB,
as a Lender

	By:
	  /s/ Elizabeth K. Hausman

	 
	Name: Elizabeth K. Hausman

	 
	Title:   First Vice President

	
				
	 
	 
	PNC BANK N.A.,
as a Lender

	By:
	  /s/ Sharon Landgraf

	 
	Name: Sharon Landgraf

	 
	Title:   Senior Vice President

	
				
	 
	 
	Comerica Bank,
as a Lender

	By:
	  /s/ Mark C. Skrzynski Jr.

	 
	Name: Mark C. Skrzynski Jr.

	 
	Title:   Vice President

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