Document:

Exhibit 10.1

 

TENDER AGREEMENT

 

This Tender Agreement (this “Agreement”), is dated as of April 6, 2016, by and among Handy & Harman Ltd., a Delaware corporation (“Parent”), Handy & Harman Group Ltd., a Delaware corporation and a wholly owned Subsidiary of Parent (“AcquisitionCo”), SLI Acquisition Co., a Delaware corporation and a wholly owned subsidiary of AcquisitionCo (“Merger Sub”), SL Industries, Inc., a Delaware corporation (the “Company”), and DGT Holdings Corp., a New York corporation (the “Stockholder”).

 

WHEREAS, Parent, AcquisitionCo, Merger Sub and the Company are entering into an Agreement and Plan of Merger, dated as of the date hereof (as it may be amended from time to time in accordance with its terms, the “Merger Agreement”), providing for, among other things, Merger Sub to commence a tender offer (the “Offer”) to acquire all of the outstanding shares of common stock, par value $0.20 per share, of the Company (the “Common Stock”) followed by the subsequent merger of Merger Sub with and into the Company, with the Company continuing as the surviving corporation and as a wholly owned subsidiary of AcquisitionCo (the “Merger”), upon the terms and subject to the conditions set forth therein (capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Merger Agreement);

 

WHEREAS, as of the date hereof, the Stockholder is the direct and beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of the number of issued shares of Common Stock set forth on Schedule A hereto (such shares of Common Stock, together with any other shares of Common Stock as to which the Stockholder acquires beneficial ownership after the date hereof and prior to the earlier of the Acceptance Time and the termination of all of the Stockholder’s obligations under this Agreement, including any shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any warrants or options, or the conversion of any convertible securities or otherwise, being collectively referred to herein as the “Owned Shares”); and

 

WHEREAS, as a condition to the willingness of Parent, AcquisitionCo, Merger Sub and the Company (the “Merger Agreement Parties”) to enter into and perform their obligations under the Merger Agreement, the Merger Agreement Parties require that the Stockholder agrees, and the Stockholder has agreed, while this Agreement is in effect, to tender in the Offer (and not withdraw) all of the Owned Shares;

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration given to each party hereto, the receipt of which is hereby acknowledged, the parties agree as follows:

 

1.              Agreement to Tender.

 

a.              The Stockholder hereby agrees, while this Agreement is in effect, that Stockholder shall tender into the Offer all of the Owned Shares, free and clear of all Liens. If the Stockholder acquires beneficial ownership of any additional Owned Shares after the date hereof, the Stockholder shall promptly tender, or cause to be tendered, such additional acquired Owned Shares into the Offer.

 

 

b.              Without limiting the generality of the foregoing paragraph 1(a), as promptly as practicable after receipt by such Stockholder of all documents or instruments required to be delivered pursuant to the terms of the Offer, the Stockholder shall (i) deliver to the Paying Agent (A) a letter of transmittal with respect to such Owned Shares complying with the terms of the Offer, (B) a certificate or certificates representing such Owned Shares or an “agent’s message” (or such other evidence, if any, of transfer as the Paying Agent may reasonably request) in the case of a Book-Entry Share or any uncertificated Owned Shares, and (C) all other documents or instruments required to be delivered pursuant to the terms of the Offer, or (ii) instruct and otherwise cause such Stockholder’s broker or such other Person that is the holder of record of any Owned Shares beneficially owned by Stockholder to tender such Owned Shares pursuant to and in accordance with this paragraph 1(b) and the terms of the Offer.

 

c.               Stockholder agrees that, once the Owned Shares are tendered into the Offer, Stockholder and its Affiliates will not withdraw any of such Owned Shares from the Offer, unless and until (A) the Offer shall have been terminated in accordance with the terms of the Merger Agreement or (B) this Agreement shall have been terminated in accordance with its terms.

 

2.              Representations and Warranties of Stockholder. The Stockholder hereby represents and warrants to the other parties hereto as follows:

 

a.              Power; Due Authorization; Binding Agreement. The Stockholder has full legal capacity, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Stockholder and constitutes a valid and binding agreement of the Stockholder, enforceable against the Stockholder in accordance with its terms, except to the extent that enforceability may be subject to the effect of any applicable bankruptcy, reorganization, insolvency, moratorium or other similar laws affecting or relating to the enforcement of creditors rights generally and to general principles of equity.

 

b.              Ownership of Shares. The Stockholder is the direct and beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of the shares of Common Stock reflected on Schedule A and, as of the date hereof, such Owned Shares are free and clear of any Lien and any other limitation or restriction (including any restriction on the right to vote or otherwise transfer such Owned Shares), except as provided hereunder or pursuant to any applicable restrictions on transfer under the Securities Act of 1933, as amended. As of the date hereof, the Stockholder does not own directly any shares of Common Stock other than the Owned Shares set forth opposite the Stockholder’s name on Schedule A.

 

 

c.               Voting Power. The Owned Shares are not, with respect to the voting or transfer thereof, subject to any other agreement, including any voting agreement, stockholders agreement, irrevocable proxy or voting trust.

 

3.              Additional Covenants of the Stockholder. The Stockholder hereby covenants and agrees that:

 

a.              Restrictions on Transfer.

 

i.                  The Stockholder hereby agrees, while this Agreement is in effect, at any time prior to termination of the Offer, not to, other than as may be specifically required by a court order, (i) assign or otherwise dispose of, or enter into any contract, option or other agreement providing for the sale, transfer, pledge, encumbrance, assignment or other disposition of, or limitation on the voting rights of, any of the Owned Shares (any such action, a “Transfer”), or (ii) grant any proxies or powers of attorney, deposit any Owned Shares into a voting trust or enter into a voting agreement with respect to any Owned Shares.

 

ii.               Additional Shares. The Stockholder hereby agrees, while this Agreement is in effect, that if any shares of Common Stock are acquired by the Stockholder or its Affiliates after the date hereof, then the terms of this Agreement shall apply to such shares immediately following the effectiveness of such event.

 

b.              No Inconsistent Obligations.  Except as provided hereunder or under the Merger Agreement, Stockholder shall not, directly or indirectly (including through any Affiliates), take or permit any other action that would in any way restrict, limit, prevent or interfere with the performance of such Stockholder’s obligations hereunder or the transactions contemplated hereby or otherwise make any representation or warranty of such Stockholder herein untrue or incorrect.

 

4.              Miscellaneous.

 

a.              Termination of this Agreement. This Agreement shall terminate and shall have no further force or effect as of the earlier of: (a) the termination of the Merger Agreement in accordance with its terms and (b) the Acceptance Time. Notwithstanding the foregoing, nothing set forth in this Section or elsewhere in this Agreement shall relieve either party hereto from liability, or otherwise limits the liability of either party hereto, for any knowing and intentional material breach of this Agreement.

 

b.              Entire Agreement; Assignment. This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. Nothing in this Agreement,

 

 

express or implied, is intended to or shall confer upon any other person or entity not a party hereto any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. This Agreement shall not be assigned by operation of law or otherwise and shall be binding upon and inure solely to the benefit of each party hereto.

 

c.               Amendments; Waiver. This Agreement may be amended by the parties hereto, and the terms and conditions hereof may be waived, only by an instrument in writing signed on behalf of each of the parties hereto, or, in the case of a waiver, by an instrument signed on behalf of the party waiving compliance.  For avoidance of doubt, any waiver or amendment of this Agreement shall require the consent of the Company (acting through the Special Committee of its Board of Directors).

 

d.              Governing Law. This Agreement shall be governed by, construed and enforced in accordance with, the Laws of the State of Delaware without regard to the conflict of laws principles thereof.  All Actions arising out of or relating to this Agreement shall be heard and determined exclusively in any Delaware state or federal court.  The parties hereto hereby (A) submit to the exclusive jurisdiction of any Delaware state or federal court for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, and (B) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the Action is improper, or that this Agreement may not be enforced in or by any of the above-named courts; provided, however, that such consent to jurisdiction is solely for the purpose referred to in this paragraph and shall not be deemed to be a general submission to the jurisdiction of such court or in the State of Delaware other than for such purposes.

 

e.               WAIVER OF JURY TRIAL.  EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT.  EACH OF THE PARTIES HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS PARAGRAPH.

 

f.                Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall be considered one and the same agreement and shall become effective when counterparts have

 

 

been signed by each of the parties hereto and delivered to the other parties, it being understood that all parties need not sign the same counterpart. This Agreement may be executed and delivered by facsimile transmission.

 

g.               Specific Performance. The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement were not performed in accordance with the terms hereof, and that money damages or other legal remedies would not be an adequate remedy for any such damages.  It is accordingly agreed that prior to the earlier of the Acceptance Time or the valid termination of this Agreement, in the event of any breach or threatened breach by Stockholder of any of its respective covenants or obligations set forth in this Agreement, the Company (acting through the Special Committee), or Parent, AcquisitionCo or Merger Sub, shall be entitled to seek: (i) an injunction or injunctions to prevent or restrain breaches or threatened breaches of this Agreement by the Stockholder and to (ii) a decree or order of specific performance to enforce the terms and provisions of this Agreement to prevent breaches or threatened breaches of, or to enforce compliance with, the covenants and obligations of the Stockholder under this Agreement and other equitable relief. Any party seeking an injunction or injunctions to prevent breaches or threatened breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement shall not be required to provide any bond or other security in connection with any such order or injunction.  Stockholder agrees that it will not oppose the granting of an injunction, specific performance and other equitable relief as provided herein on the basis that any other party has an adequate remedy under Law.

 

h.              Rules of Construction. The parties hereto agree that they have been represented by counsel during the negotiation and execution of this Agreement and, therefore, waive the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. The descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement.

 

i.                  Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified. In the event such court does not exercise the power granted to it in the

 

 

prior sentence, the parties hereto agree to replace such invalid or unenforceable term or provision with a valid and enforceable term or provision that will achieve, to the extent possible, the economic, business and other purposes of such invalid or unenforceable term.

 

 

IN WITNESS WHEREOF, Parent, AcquisitionCo, Merger Sub, the Company and Stockholder have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

 

	
 
    	
HANDY   & HARMAN LTD.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   James F. McCabe
    
	
 
    	
 
    	
Name:
    	
James   F. McCabe, Jr.
    
	
 
    	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
HANDY   & HARMAN GROUP LTD.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   James F. McCabe
    
	
 
    	
 
    	
Name:
    	
James   F. McCabe, Jr.
    
	
 
    	
 
    	
Title:
    	
Senior   Vice President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
SLI   ACQUISITION CO.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   James F. McCabe
    
	
 
    	
 
    	
Name:
    	
James   F. McCabe, Jr.
    
	
 
    	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
SL   INDUSTRIES, INC.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   William T. Fejes
    
	
 
    	
 
    	
Name:
    	
William   T. Fejes Jr.
    
	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
DGT   HOLDINGS CORP.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Jack L. Howard
    
	
 
    	
 
    	
Name:
    	
Jack   L. Howard
    
	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    

 

 

Schedule A

 

DGT Holdings Corp. - 994,840 shares of Common StockExhibit 10.1

 

AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT

 

This AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 6, 2016 (this “Amendment No. 1”), is by and among SIMON PROPERTY GROUP, L.P. (“Borrower”), the Qualified Borrowers party hereto, JPMORGAN CHASE BANK, N.A., as agent for the Lenders under the Credit Agreement defined below (in such capacity, together with its successors in such capacity, “Administrative Agent”), JPMORGAN CHASE BANK, N.A., in its individual capacity and not as Administrative Agent, and the other Lenders signatory hereto.  Reference is made to that certain Amended and Restated Credit Agreement, dated as of March 2, 2015, as supplemented by the Joinder dated as of November 20, 2015 and the Joinder dated as of April 1, 2016, by and among the Borrower, the Qualified Borrowers party thereto, the Lenders referenced therein and the Administrative Agent (such agreement, the “Credit Agreement”).  Capitalized terms used herein without definition shall have the same meanings as set forth in the Credit Agreement, as amended hereby.

 

RECITALS

 

WHEREAS, the Borrower has requested that the Lenders make incremental commitments and loans to the Borrower and the Qualified Borrowers under the Credit Agreement, and the Lenders party hereto are willing to make such incremental commitments and loans as set forth herein;

 

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:

 

SECTION 1.                         AMENDMENTS TO CREDIT AGREEMENT.  As of the Amendment Effective Date (as defined in Section 3 hereof), the Credit Agreement is hereby amended as follows:

 

1.1                               Amendment to Definition of “Base Rate”.  The definition of “Base Rate” set forth in Section 1.1 of the Credit Agreement is amended by restating clause (ii) thereof in its entirety to read as follows:

 

“(ii)                            the NYFRB Rate in effect on such date plus one-half of one percent (0.50%).”

 

1.2                               Amendment to Definition of “Defaulting Lender”.  The definition of “Defaulting Lender” set forth in Section 1.1 of the Credit Agreement is amended by adding the following provision at the end of such definition:

 

“, or (e) has become the subject of a Bail-In Action”.

 

1.3                               Amendment to Definition of “Federal Funds Rate”.  The definition of “Federal Funds Rate” set forth in Section 1.1 of the Credit Agreement is restated in its entirety to read as follows:

 

 

“Federal Funds Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions by depositary institutions (as determined in such manner as the NYFRB shall set forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as the federal funds effective rate; provided that if the Federal Funds Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.”

 

1.4                               Amendment to Section 1.1 of the Credit Agreement.  Section 1.1 of the Credit Agreement is amended by adding the following new definitions to such section in the appropriate alphabetical order:

 

““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.

 

“EEA Financial Institution” means (a) any institution 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.

 

“NYFRB” means the Federal Reserve Bank of New York.

 

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day(or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the 

 

 

term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions (as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to publish such composite rate).

 

“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.”

 

1.5                               Amendment to Section 2.1(d).  Section 2.1(d) of the Credit Agreement is amended by:

 

(a)                                 deleting the amount “Seven Hundred and Fifty Million Dollars ($750,000,000)” on the sixth and seventh lines thereof and substituting the amount “One Billion Five Hundred Million Dollars ($1,500,000,000)” in place thereof; and

 

(b)                                 deleting the amount “Three Billion Five Hundred Million Dollars ($3,500,000,000)” on the seventh and eighth lines thereof and substituting the amount “Four Billion Two Hundred Fifty Million Dollars ($4,250,000,000)” in place thereof.

 

1.6                               Amendment to Section 7.1.  Section 7.1 of the Credit Agreement is amended by adding the following new paragraph (x) after paragraph (w) thereof:

 

“(x)                           EEA Financial Institutions.  None of the Borrower or the Qualified Borrowers is an EEA Financial Institution.”

 

1.7                               Amendment to Section 14.25 of the Credit Agreement.  The penultimate paragraph of Section 14.25 of the Credit Agreement is amended by inserting the words “or Bail-In Action” after the words “Bankruptcy Event” in the first line of such paragraph.

 

1.8                               Addition of New Section 14.31 of the Credit Agreement.  The Credit Agreement is amended by adding the following new Section 14.31 immediately after Section 14.30 of the Credit Agreement:

 

“14.31  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 EEA Financial Institution arising under any Loan Document 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 party hereto 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 entity, 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.”

 

1.9                               Revolving Credit Commitments and Alternative Currency Commitments.  (a) The aggregate Revolving Credit Commitments are increased by $750,000,000 to $3,500,000,000.  The aggregate Alternative Currency Commitments are increased by $745,000,000 to $3,460,000,000.  The additional Revolving Credit Commitments made pursuant to this Amendment No. 1 are referred to herein as the “New Revolving Credit Commitments”.  The additional Alternative Currency Commitments made pursuant to this Amendment No. 1 are referred to herein as the “New Alternative Currency Commitments”.

 

(b)                                 Each of JPMorgan Chase Bank, N.A., Bank of America, N.A., Mizuho Bank, Ltd., TD Bank, N.A., BNP Paribas SA, Citibank, N.A., PNC Bank, National Association, Société Générale, Sumitomo Mitsui Banking Corporation, U.S. Bank National Association, The Bank of Nova Scotia, Barclays Bank plc, Credit Suisse AG, Cayman Islands Branch, Deutsche Bank AG New York Branch, Goldman Sachs Bank USA, Morgan Stanley Bank, N.A., Royal Bank of Canada, Santander Bank, N.A., SunTrust Bank, Branch Banking and Trust Company, Fifth Third Bank, ING Real Estate Finance (USA) LLC, Regions Bank, First Tennessee Bank National Association, and Associated Bank, National Association (the “Increasing Lenders”) hereby agrees to increase its Revolving Credit Commitment and its Alternative Currency Commitment to the respective amounts set forth on Schedule 1.1A to this Amendment No. 1.

 

 

(c)                                  On the Amendment Effective Date, and so long as the conditions set forth in Section 6.2 of the Credit Agreement are satisfied, (i) the Lenders that are Increasing Lenders shall purchase from each of the other Lenders, at the principal amount thereof, such interests in the Committed Loans outstanding on such date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Committed Loans will be held by all Lenders ratably in accordance with their respective Revolving Credit Commitments and Alternative Currency Commitments after giving effect to the addition of the New Revolving Credit Commitments to the Revolving Credit Commitments and the addition of the New Alternative Currency Commitments to the Alternative Currency Commitments and (ii) the Pro Rata Shares of the Lenders shall be adjusted to reflect the New Revolving Credit Commitments and the New Alternative Currency Commitments.

 

1.10                        Commitments.  Schedule 1.1A to the Credit Agreement is hereby deleted in its entirety and Schedule 1.1A to this Amendment No. 1 is substituted in place thereof.

 

1.11                        Request under Section 2.1(d) of the Credit Agreement.  This Amendment No. 1 is and shall be deemed to be for all purposes of the Credit Agreement a partial exercise by the Borrower of its rights under Section 2.1(d) of the Credit Agreement (as amended by this Amendment No. 1) to request an optional increase of Commitments.  From and after the Amendment Effective Date, the Borrower shall have the right to request an optional increase of Commitments in the remaining amount of up to $750,000,000 pursuant to Section 2.1(d) of the Credit Agreement.

 

SECTION 2.                         REPRESENTATIONS AND WARRANTIES OF THE BORROWER

 

In order to induce the Lenders and the Administrative Agent to enter into this Amendment No. 1, the Borrower represents and warrants to each Lender and the Administrative Agent that the following statements are true, correct and complete:

 

(i)                                     The General Partner has the requisite power and authority to execute, deliver and perform this Amendment No. 1 and the Credit Agreement as amended by this Amendment No. 1 (the “Amended Credit Agreement”, and together with this Amendment No. 1, collectively, the “Amendment Documents”) on behalf of the Borrower.  The General Partner is the Person who has executed this Amendment No. 1 on behalf of the Borrower and is the sole general partner of the Borrower.  Each Qualified Borrower has the requisite power and authority to execute, deliver and perform the Amendment Documents.

 

(ii)                                  The execution, delivery and performance of each of the Amendment Documents by the Borrower and each Qualified Borrower and to which the Borrower or such Qualified Borrower is a party and the consummation of the transactions contemplated thereby are within the Borrower’s partnership powers or such Qualified Borrower’s corporate powers, have been duly authorized by all necessary partnership, corporate or other applicable action (and, in the case of the General Partner acting on behalf of the Borrower in connection therewith, all necessary corporate action of such General Partner) and such authorization has not been rescinded.  No other partnership or corporate action or proceedings on the part of the Borrower or any General Partner or the Qualified Borrowers is necessary to consummate such transactions.

 

 

(iii)                               Each of the Amendment Documents to which the Borrower or a Qualified Borrower is a party has been duly executed and delivered on behalf of the Borrower or such Qualified Borrower and constitutes the Borrower’s or such Qualified Borrower’s legal, valid and binding obligation, enforceable against the Borrower or such Qualified Borrower in accordance with its terms, except to the extent that the enforcement thereof or the availability of equitable remedies may be limited by applicable bankruptcy, reorganization, insolvency, moratorium, fraudulent transfer, fraudulent conveyance or similar laws now or hereafter in effect relating to or affecting creditors’ rights generally or by general principles of equity, or by the discretion of any court in awarding equitable remedies, regardless of whether such enforcement is considered in a proceeding of equity or at law, is in full force and effect and all the terms, provisions, agreements and conditions set forth therein and required to be performed or complied with by the Company, the Borrower, the Qualified Borrowers, and the Borrower’s Subsidiaries on or before the Amendment Effective Date have been performed or complied with, and no Potential Event of Default, Event of Default or breach of any covenant by any of the Company, the Borrower, the Qualified Borrowers or any Subsidiary of the Borrower exists thereunder, both before and after giving effect to this Amendment No. 1.

 

(iv)                              The execution, delivery and performance of each of the Amendment Documents to which the Borrower or a Qualified Borrower is a party do not and will not (A) conflict with the Organizational Documents of the Borrower or any Subsidiary of the Borrower or any Qualified Borrower, (B) constitute a tortious interference with any Contractual Obligation of any Person or conflict with, result in a breach of or constitute (with or without notice or lapse of time or both) a default under any Requirement of Law or Contractual Obligation of the Borrower, the General Partner, any Limited Partner, any Subsidiary of the Borrower, any Qualified Borrower, or any general or limited partner of any Subsidiary of the Borrower, or require termination of any such Contractual Obligation which may subject the Administrative Agent or any of the other Lenders to any liability, (C) result in or require the creation or imposition of any Lien whatsoever upon any of the Property or assets of the Borrower, the General Partner, any Limited Partner, any Subsidiary of the Borrower, any Qualified Borrower or any general partner or limited partner of any Subsidiary of the Borrower, or (D) require any approval of shareholders of the Company or any general partner (or equity holder of any general partner) of any Subsidiary of the Borrower or any Qualified Borrower .

 

(v)                                 The execution, delivery and performance of each of the Amendment Documents to which the Borrower or a Qualified Borrower is a party do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by any Governmental Authority, except filings, consents or notices which have been made, obtained or given.

 

(vi)                              The representations and warranties of the Borrower contained in Article VII of the Credit Agreement are and will be true and correct in all material respects on and as of the Amendment Effective Date to the same extent as though made on and as of such dates (except in those cases where such representation or warranty expressly relates to an earlier date, in which case such representations and warranties were true and correct as of such date, and except for (x) changes in factual circumstances permitted hereunder and (y) representations and warranties qualified by “materiality”, “Material Adverse Effect” or similar language, which shall be true and correct in all respects).

 

 

SECTION 3.                         CONDITIONS TO EFFECTIVENESS

 

Except as set forth below, Section 1 of this Amendment No. 1 shall become effective upon satisfaction of the following conditions precedent (the date upon which conditions precedent are satisfied being referred to herein as the “Amendment Effective Date”):

 

The Borrower, the Qualified Borrowers, the Administrative Agent, the Requisite Lenders and the Increasing Lenders shall have indicated their consent hereto by the execution and delivery of the signature pages hereof to the Administrative Agent.

 

The Administrative Agent shall have received a secretary’s certificate of the Borrower and the Qualified Borrowers (i) either confirming that there have been no changes to its organizational documents since March 2, 2015 (or November 20, 2015, in the case of the Simon International Finance, S.C.A., or April 1, 2016, in the case of Plaza Carolina, LLC), or if there have been changes to the Borrower’s or such Qualified Borrower’s organizational documents since such date, certifying as to such changes, and (ii) certifying as to resolutions and incumbency of officers with respect to this Amendment No. 1 and the transactions contemplated hereby.

 

The Lenders and the Administrative Agent shall have received all reasonable out-of-pocket costs and expenses for which invoices have been presented (including the reasonable fees and expenses of legal counsel to the Administrative Agent for which the Borrower agrees it is responsible pursuant to Section 14.2 of the Credit Agreement), incurred in connection with this Amendment No. 1.

 

Delivery to the Administrative Agent by counsel to the Borrower of an opinion addressed to the Lenders and the Administrative Agent in form and substance reasonably satisfactory to the Administrative Agent.

 

Payment by the Borrower of any agreed upon compensation to the Lenders and the Lead Arrangers as separately agreed in connection with this Amendment No. 1 and the making of the incremental Commitments by the Increasing Lenders and any resulting reallocation of the Committed Loans.

 

G.                                   The conditions set forth in Section 6.2 of the Credit Agreement shall have been satisfied and the Administrative Agent shall have received a certificate dated the Amendment Effective Date and executed by an authorized officer of the Borrower that such conditions have been satisfied.

 

SECTION 4.                         MISCELLANEOUS

 

A.                                    Reference to and Effect on the Credit Agreement and the Other Loan Documents.

 

(i)                                     On and after the effective date of this Amendment No. 1, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement and each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit 

 

 

Agreement  shall mean and be a reference to the Amended Credit Agreement.  This Amendment No. 1 shall be deemed to be a “Loan Document” under the Credit Agreement.

 

(ii)                                  Except as specifically amended by this Amendment No. 1, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.  Without limiting the generality of the foregoing, the Borrower reaffirms its obligations under the Qualified Borrower Guaranty dated as of November 20, 2015 and each of the Borrower and the Qualified Borrowers reaffirms its obligations under the outstanding Notes.

 

(iii)                               The execution, delivery and performance of this Amendment No. 1 shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Administrative Agent or any Lender under the Credit Agreement or any of the other Loan Documents.

 

B.                                    Headings.  Section and subsection headings in this Amendment No. 1 are included herein for convenience of reference only and shall not constitute a part of this Amendment No. 1 for any other purpose or be given any substantive effect.

 

C.                                    Applicable Law.  THIS AMENDMENT NO. 1 AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

D.                                    Counterparts; Effectiveness.  This Amendment No. 1 may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document.  Delivery of an executed counterpart of a signature page to this Amendment No. 1 by telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of this Amendment No. 1.

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above.

 

	
 
    	
SIMON   PROPERTY GROUP, L.P.
    
	
 
    	
 
    
	
 
    	
By:
    	
Simon   Property Group, Inc.,
    
	
 
    	
 
    	
its   general partner
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Andrew Juster
    
	
 
    	
 
    	
Name:
    	
Andrew   Juster
    
	
 
    	
 
    	
Title:
    	
Executive   Vice President -
    
	
 
    	
 
    	
 
    	
Chief   Financial Officer
    

 

 

	
 
    	
SIMON INTERNATIONAL FINANCE, S.C.A.
    
	
 
    	
acting through its general partner Simon   International Finance GP, S.à r.l. represented by its permanent   representative Brian J. McDade
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Brian J. McDade
    
	
 
    	
 
    	
Name: Brian J. McDade
    
	
 
    	
 
    	
Title: Permanent Representative
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
PLAZA   CAROLINA, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Andrew Juster
    
	
 
    	
 
    	
Name: Andrew Juster
    
	
 
    	
 
    	
Title: Executive Vice President —
    
	
 
    	
 
    	
Chief Financial Officer
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
JPMORGAN   CHASE BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Nadeige Dang
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    	
Name:   Nadeige Dang
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
BANK   OF AMERICA, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Roger C. Davis
    
	
 
    	
 
    	
Title:   Senior Vice President
    
	
 
    	
 
    	
Name:   Roger C. Davis
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
CITIBANK,   N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   John C Rowland
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    	
Name:   John C Rowland
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
SUMITOMO   MITSUI BANKING CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Keith J Connolly
    
	
 
    	
 
    	
Title:   Managing Director
    
	
 
    	
 
    	
Name:   Keith J Connolly
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
BARCLAYS   BANK PLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ronnie Glenn
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    	
Name:   Ronnie Glenn
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
BNP   PARIBAS SA
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Pawel Zelezik
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    	
Name:   Pawel Zelezik
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Kwang Kyun Choi
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    	
Name:   Kwang Kyun Choi
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
PNC   BANK, NATIONAL ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/John   R Jewett, Jr.
    
	
 
    	
 
    	
Title:   Executive Vice President
    
	
 
    	
 
    	
Name:   John R. Jewett, Jr.
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
U.S.   BANK NATIONAL ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Renee Lewis
    
	
 
    	
 
    	
Title:   Senior Vice President
    
	
 
    	
 
    	
Name:   Renee Lewis
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
DEUTSCHE   BANK AG NEW YORK BRANCH
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   J.T. Johnston Coe
    
	
 
    	
 
    	
Title:   Managing Director
    
	
 
    	
 
    	
Name:   J.T. Johnston Coe
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   James Rolison
    
	
 
    	
 
    	
Title:   Managing Director
    
	
 
    	
 
    	
Name:   James Rolison
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
GOLDMAN SACHS BANK USA
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Rebecca Kratz
    
	
 
    	
 
    	
Title:   Authorized Signatory
    
	
 
    	
 
    	
Name:   Rebecca Kratz
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
MORGAN   STANLEY BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Emanuel Ma
    
	
 
    	
 
    	
Title: Authorized Signatory
    
	
 
    	
 
    	
Name: Emanuel Ma
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
UBS AG, STAMFORD BRANCH
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Craig Pearson
    
	
 
    	
 
    	
Title: Associate Director
    
	
 
    	
 
    	
Name: Craig Pearson
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Denise Bushee
    
	
 
    	
 
    	
Title: Associate Director
    
	
 
    	
 
    	
Name: Denise Bushee
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
MUFG   UNION BANK, N.A. (FORMERLY KNOWN AS UNION BANK, N.A.)
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/Andrew   Agins
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    	
Name:   Andrew Agins
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
CREDIT   SUISSE AG, CAYMAN ISLANDS BRANCH
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Mikhail Faybusovich
    
	
 
    	
 
    	
Title:   Authorized Signatory
    
	
 
    	
 
    	
Name:   Mikhail Faybusovich
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Max Wallins
    
	
 
    	
 
    	
Title:   Authorized Signatory
    
	
 
    	
 
    	
Name:   Max Wallins
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
MIZUHO   BANK, LTD.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   John Davies
    
	
 
    	
 
    	
Title:   Authorized Signatory
    
	
 
    	
 
    	
Name:   John Davies
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
ROYAL   BANK OF CANADA
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Dan LePage
    
	
 
    	
 
    	
Title:   Authorized Signatory
    
	
 
    	
 
    	
Name:   Dan LePage
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
SUNTRUST   BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Nancy B. Richards
    
	
 
    	
 
    	
Title:   Senior Vice President
    
	
 
    	
 
    	
Name:   Nancy B. Richards
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
THE   BANK OF NOVA SCOTIA
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Chad Hale
    
	
 
    	
 
    	
Title:   Director & Execution Head, REGAL
    
	
 
    	
 
    	
Name:   Chad Hale
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
FIFTH   THIRD BANK, AN OHIO BANKING CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew Rodgers
    
	
 
    	
 
    	
Title:   SVP
    
	
 
    	
 
    	
Name:   Matthew Rodgers
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
TD   BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jessica Trombly
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    	
Name:   Jessica Trombly
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
REGIONS   BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Lori Chambers
    
	
 
    	
 
    	
Title:   Senior Vice President 
    
	
 
    	
 
    	
Name:   Lori Chambers
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
BRANCH   BANKING AND TRUST COMPANY
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Steve Whitcomb
    
	
 
    	
 
    	
Title:   Senior Vice President
    
	
 
    	
 
    	
Name:   Steve Whitcomb
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
THE   BANK OF NEW YORK MELLON
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Helga Blum
    
	
 
    	
 
    	
Title:   Managing Director
    
	
 
    	
 
    	
Name:   Helga Blum
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
ING   REAL ESTATE FINANCE (USA) LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Elizabeth M. Whitworth
    
	
 
    	
 
    	
Title:   Director
    
	
 
    	
 
    	
Name:   Elizabeth M. Whitworth
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Victor Sanchez
    
	
 
    	
 
    	
Title:   Director
    
	
 
    	
 
    	
Name:   Victor Sanchez
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
HUNTINGTON   NATIONAL BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Florentina   Djulvezan
    
	
 
    	
 
    	
Title:   Assistant Vice President
    
	
 
    	
 
    	
Name:   Florentina Djulvezan
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
COMPASS   BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Brian Tuerff
    
	
 
    	
 
    	
Title:
    	
Senior Vice President
    
	
 
    	
 
    	
Name:
    	
Brian Tuerff
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
SANTANDER   BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ William Maag
    
	
 
    	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    	
Name:
    	
William Maag
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
ASSOCIATED   BANK, NATIONAL
   ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gregory A. Conner
    
	
 
    	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    	
Name:
    	
Gregory A. Conner
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
FIRST   TENNESSEE BANK NATIONAL
   ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew T. Mathis
    
	
 
    	
 
    	
Title:
    	
Senior Vice President
    
	
 
    	
 
    	
Name:
    	
Matthew T. Mathis
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
THE   TORONTO-DOMINION BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Louis Dinadis
    
	
 
    	
 
    	
Title:
    	
Vice   President
    
	
 
    	
 
    	
Name:
    	
Louis   Dinadis
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Mark Stoneburgh
    
	
 
    	
 
    	
Title:
    	
Director
    
	
 
    	
 
    	
Name:
    	
Mark   Stoneburgh
    
	
 
    	
 
    	
 
    	
 
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

	
 
    	
SOCIÉTÉ   GÉNÉRALE
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Richard Bernal
    
	
 
    	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    	
Name:
    	
Richard Bernal
    

 

[Signature page to Amendment No. 1 to A&R Credit Agreement]

 

 

Schedule 1.1A

 

Allocations

 

	
Lender
    	
 
    	
Revolving
   Credit 
   Commitment
    	
 
    	
Alternative 
   Currency 
   Commitment
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
JPMorgan Chase   Bank, N.A
    	
 
    	
$
    	
177,500,000
    	
 
    	
$
    	
177,500,000
    	
 
    
	
Bank of America,   N.A.
    	
 
    	
$
    	
177,500,000
    	
 
    	
$
    	
177,500,000
    	
 
    
	
Mizuho   Bank, Ltd.
    	
 
    	
$
    	
192,500,000
    	
 
    	
$
    	
192,500,000
    	
 
    
	
Citibank, N.A
    	
 
    	
$
    	
155,000,000
    	
 
    	
$
    	
155,000,000
    	
 
    
	
PNC Bank,   National Association
    	
 
    	
$
    	
155,000,000
    	
 
    	
$
    	
155,000,000
    	
 
    
	
Sumitomo Mitsui   Banking Corporation
    	
 
    	
$
    	
155,000,000
    	
 
    	
$
    	
155,000,000
    	
 
    
	
U.S. Bank   National Association
    	
 
    	
$
    	
155,000,000
    	
 
    	
$
    	
155,000,000
    	
 
    
	
BNP Paribas SA
    	
 
    	
$
    	
135,000,000
    	
 
    	
$
    	
135,000,000
    	
 
    
	
Société Générale
    	
 
    	
$
    	
135,000,000
    	
 
    	
$
    	
135,000,000
    	
 
    
	
The Bank of Nova   Scotia
    	
 
    	
$
    	
130,000,000
    	
 
    	
$
    	
130,000,000
    	
 
    
	
Barclays Bank   plc
    	
 
    	
$
    	
120,000,000
    	
 
    	
$
    	
120,000,000
    	
 
    
	
Credit Suisse   AG, Cayman Islands Branch
    	
 
    	
$
    	
120,000,000
    	
 
    	
$
    	
120,000,000
    	
 
    
	
Deutsche Bank AG   New York Branch
    	
 
    	
$
    	
120,000,000
    	
 
    	
$
    	
120,000,000
    	
 
    
	
Goldman Sachs   Bank USA
    	
 
    	
$
    	
120,000,000
    	
 
    	
$
    	
120,000,000
    	
 
    
	
Morgan Stanley   Bank, N.A.
    	
 
    	
$
    	
120,000,000
    	
 
    	
$
    	
120,000,000
    	
 
    
	
Royal Bank of   Canada
    	
 
    	
$
    	
120,000,000
    	
 
    	
$
    	
120,000,000
    	
 
    
	
SunTrust Bank
    	
 
    	
$
    	
120,000,000
    	
 
    	
$
    	
120,000,000
    	
 
    
	
TD Bank, N.A.
    	
 
    	
$
    	
115,000,000
    	
 
    	
$
    	
115,000,000
    	
 
    
	
Regions Bank
    	
 
    	
$
    	
110,000,000
    	
 
    	
$
    	
110,000,000
    	
 
    
	
Santander Bank,   N.A.
    	
 
    	
$
    	
100,000,000
    	
 
    	
$
    	
100,000,000
    	
 
    
	
Compass Bank
    	
 
    	
$
    	
95,000,000
    	
 
    	
$
    	
95,000,000
    	
 
    
	
UBS AG, Stamford   Branch
    	
 
    	
$
    	
95,000,000
    	
 
    	
$
    	
95,000,000
    	
 
    
	
MUFG Union Bank,   N.A.
    	
 
    	
$
    	
95,000,000
    	
 
    	
$
    	
95,000,000
    	
 
    
	
Fifth Third   Bank, an Ohio Banking Corporation
    	
 
    	
$
    	
85,000,000
    	
 
    	
$
    	
85,000,000
    	
 
    
	
ING Real Estate   Finance (USA) LLC
    	
 
    	
$
    	
80,000,000
    	
 
    	
$
    	
80,000,000
    	
 
    
	
Branch Banking   and Trust Company
    	
 
    	
$
    	
65,000,000
    	
 
    	
$
    	
65,000,000
    	
 
    
	
Banco Santander   S.A., New York Branch
    	
 
    	
$
    	
47,500,000
    	
 
    	
$
    	
47,500,000
    	
 
    
	
Associated Bank,   National Association
    	
 
    	
$
    	
40,000,000
    	
 
    	
$
    	
0
    	
 
    
	
First Tennessee Bank   National Association
    	
 
    	
$
    	
35,000,000
    	
 
    	
$
    	
35,000,000
    	
 
    
	
The Bank of New   York Mellon
    	
 
    	
$
    	
35,000,000
    	
 
    	
$
    	
35,000,000
    	
 
    
	
Bank Hapoalim   B.M.
    	
 
    	
$
    	
30,000,000
    	
 
    	
$
    	
30,000,000
    	
 
    
	
The Huntington   National Bank
    	
 
    	
$
    	
25,000,000
    	
 
    	
$
    	
25,000,000
    	
 
    
	
Landesbank   Baden-Württemberg, New York Branch
    	
 
    	
$
    	
25,000,000
    	
 
    	
$
    	
25,000,000
    	
 
    
	
The   Toronto-Dominion Bank
    	
 
    	
$
    	
15,000,000
    	
 
    	
$
    	
15,000,000
    	
 
    
	
Total:
    	
 
    	
$
    	
3,500,000,000
    	
 
    	
$
    	
3,460,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]