Document:

EX-10.14

 Exhibit 10.14 

 
 

 
  

					
		 		 	Innovation and Networks Executive Agency
		 		 	W910 – 01/38
		 		 	Avenue du Bourget, 1
		 		 	B-l140 Brussels
		 		 	Belgium
			
		 		 	Paris, on August 21st, 2020

 Letter for Pre-Financing First Demand Guarantee N° 02402-1241944HPO

 Reference: Grant agreement INEA/CEF/TRAN/M2017/1495399 Action No MEGA-E 2017-EU-TM-0068-W 

Article 1 – Declaration on guarantee, amount and purpose 

We, the undersigned, SOCIETE GENERALE, which follows the rules on international financial sanctions of UN, EU or one of its state Members and the
United States of America and the United Kingdom, public limited company with a capital of 1.066.714.367,50 Euros, registered under number 552 120 222 RCS Paris, with registered office located at 29, boulevard Haussmann 75454 Paris Cedex 09, France,
with its International Guarantees Department at GTPS/GPS/OPE/TRA/GAR, Immeuble CRISTALLIA, 189 rue d’Aubervilliers - 75886 Paris Cedex 18, France (Swift: SOGEFRPP) where all requests must be sent (‘the Guarantor’), hereby confirm that
we give the INNOVATION AND NETWORKS EXECUTIVE AGENCY (hereinafter referred to as “the Agency”), an unconditional, irrevocable and independent first-demand guarantee consisting in the undertaking to pay to the Agency a sum
equivalent, in the maximum, to the amount of: 
 EUR 3.216.305,00 (Three million two hundred and sixteen thousand three hundred and five Euro)  

upon simple demand, for guarantee of the pre-financing(s) stipulated in the grant agreement INEA/CEF/TRAN/M2017/1495399
Action No MEGA-E 2017-EU-TM-0068-W, (‘the
grant agreement’) signed between the Agency and ALLEGO B.V., Westervoortsedijk 73, 6827 AV Arnhem, Netherlands, (‘the Coordinator). 

Article 2 – Execution of Guarantee 

If the Agency gives notice that the Coordinator has for any reason failed to reimburse pre-financings paid by the
Agency, we, acting for account of the Coordinator shall pay immediately up to the above amount, in EUR, without exception or objection, into a bank account designated by the Agency, on receipt of the first written request from the Agency. We shall
inform the Agency, in writing as soon as the payment has been made. 
 Article 3 – Obligations of the Guarantor 

 

	1.	 We waive the right to require exhaustion of remedies against the Coordinator, any right to withhold
performance, any right of retention, any right of avoidance, any right to offset, and the right to assert any other claims which the Coordinator may have against the Agency, under the grant agreement or in connection with it or on any other grounds.

  

							
	Société Générale	  		  		  	1/2
	 Immeuble Cristallia. GTPS/GPS/OPE/TRA/GAR
 189
rue d’Aubervilliers
 75886 Paris Cedex 18
	  	Swift SOGEFRPP	  	 Société Anonyme au capital de

1.066.714.367,50 EUR
 552
120 222 R.C.S.PARIS
	  	 

 

 
 Letter for Pre-Financing First Demand Guarantee N°
02402-1241944HPO 
 2/2 
  

	2.	 Our obligations under this guarantee shall not be affected by any arrangements or agreements made by the
Agency, with the Coordinator which may concern its obligations under the grant agreement. 

  

	3.	 We shall inform immediately the Agency, in writing, by registered letter or by courier with written receipt or
equivalent, in the event of a change of our legal status, ownership or address. 

 Article 4 – Date of Entry into
force 
 This guarantee shall come into force upon its signature. If, on the date of its signature, the
pre-financing has not been paid to the Coordinator, this guarantee shall enter into force on the date on which the Coordinator receives the pre-financing. 

Article 5 – End Date and Conditions of Release 
  

	1.	 We may be released from this guarantee only with the Agency’s written consent. 

 

	2.	 This guarantee shall expire on return of this original document by the Agency, to our offices.

  

	3.	 This must occur at the latest 30 days after the pre-financing under the
grant agreement has been cleared through interim payment[s] or the payment of the balance or, if the pre-financing is not totally cleared, four months after the repayment of the debit note issued by the
Agency. 

  

	4.	 After expiry, this guarantee shall become automatically null and no claim relating thereto shall be receivable
for any reason whatsoever. 

 Article 6 – Applicable Law and Competent Jurisdiction 

Any dispute concerning this guarantee shall be governed by and construed in accordance with the law of France and shall fall within the sole competence of the
French Courts. 
 Article 7 - Assignment 

The rights arising from this guarantee may not be assigned. 
  

 

  

							
	Société Générale	  		  		  	
	 Immeuble Cristallia. GTPS/GPS/OPE/TRA/GAR
 189
rue d’Aubervilliers
 75886 Paris Cedex 18
	  	 Swift SOGEFRPP
	  	 Société Anonyme au capital de

1.066.714.367,50 EUR
 552
120 222 R.C.S.PARISEX-10.15

 Exhibit 10.15 

PARALLEL DEBT AGREEMENT 
 dated
27 May 2019 
 ALLEGO B.V. 

ALLEGO INNOVATIONS B.V. 
 ALLEGO
HOLDING B.V. 
 as Debtors 

SOCIETE GENERALE 
 as Agent 

SOCIETE GENERALE 
 as Security
Agent 
 ALLEGO CHARGING LTD 

as service of process agent for the Debtors 

Linklaters 
 Ref: L-277024 
 Linklaters LLP 

 THIS AGREEMENT is dated 27 May 2019 and made between: 

 

	(1)	 ALLEGO HOLDING B.V., a private company with limited liability (besloten vennootschap met beperkte
aansprakelijkheid) under the laws of the Netherlands, having its official seat (statutaire zetel) in Arnhem, the Netherlands, and its office at Westervoortsedijk 73 LB1, 6827 AV Arnhem, the Netherlands, registered with the Dutch Trade
Register under number 73283754, acting as holdco, and an original debtor (the “Holdco”); 

 ALLEGO
B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) under the laws of the Netherlands, having its official seat (statutaire zetel) in Arnhem, the Netherlands, and its office at
Westervoortsedijk 73 LB1, 6827 AV Arnhem, the Netherlands, registered with the Dutch Trade Register under number 54100038, acting as an original debtor; and 

ALLEGO INNOVATIONS B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) under
the laws of the Netherlands, having its official seat (statutaire zetel) in Arnhem, the Netherlands, and its office at Westervoortsedijk 73 LB1,6827 AV Arnhem, the Netherlands, registered with the Dutch Trade Register under number 73289655,
acting as an original debtor, 
 (together, the “Original Debtors”); 

 

	(2)	 SOCIÉTÉ GÉNÉRALE, société anonyme incorporated under
the laws of France, having its registered seat located at 29 boulevard Haussmann, 75009 Paris, France and registered with the trade and companies registry (registre du commerce et des sociétés) of Paris under number 552 120 222,
as agent (the “Agent”); 

  

	(3)	 SOCIÉTÉ GÉNÉRALE, société anonyme incorporated under
the laws of France, having its registered seat located at 29 boulevard Haussmann, 75009 Paris, France and registered with the trade and companies registry (registre du commerce et des sociétés) of Paris under number 552 120 222,
as security agent for the Secured Parties (the “Security Agent”); and 

  

	(4)	 ALLEGO CHARGING LTD, a private company limited by shares, incorporated in England and Wales, having its
registered office at Saffery Champness, 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE, registered number 10775810, as service of process agent for the Debtors. 

WHEREAS: 
  

	(A)	 Pursuant to a EUR 120,000,000 facility agreement entered into on or around the date of this Agreement between,
among others, the Debtors, the Mandated Lead Arrangers and Original Lenders (as defined therein) and the Agent and Security Agent (the “Facilities Agreement”), the Original Lenders agreed to provide a term loan facility to the
Borrowers named therein. 

  

	(B)	 it is intended that an intercreditor agreement will be entered into on the date hereof between, among others,
the Debtors, the Shareholder (as defined therein), the Original Lenders and Mandated Lead Arrangers (as listed therein), and the Agent and Security Agent (the “Intercreditor Agreement”). 

 

	(C)	 It is intended that the Debtors and the Security Agent enter into the Security Documents (as defined below) on
the date of this Agreement. 

  

	(D)	 The Debtors wish to undertake parallel obligations to the Security Agent as set out in this Agreement.

  
 1 

 IT IS AGREED as follows: 
  

	1.	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 Definitions 

“Debtor” means each Original Debtor and any person which becomes a Party as a Debtor in accordance with the terms of Clause
14.7 (New Debtor) of the Intercreditor Agreement. 
 “Party” means a party to this Agreement. 

“Secured Party” has the meaning given to in the Intercreditor Agreement. 

“Security Documents” has the meaning given to it in the Intercreditor Agreement. 

“Senior Finance Document” has the meaning given to it in the Intercreditor Agreement. 

“Senior Lender” has the meaning given to it in the Intercreditor Agreement. 

 

	1.2	 Construction 

  

	 	(a)	 Unless a contrary indication appears, a reference in this Agreement to: 

 

	 	(i)	 the “Agent”, a “Mandated Lead Arranger”, a “Debtor”, a
“Party”, the “Security Agent”, or a “Senior Lender” shall be construed to be a reference to it in its capacity as such and not in any other capacity; 

 

	 	(ii)	 the “Agent”, a “Mandated Lead Arranger”, a “Debtor”, a
“Party”, the “Security Agent”, or a “Senior Lender” or any other person shall be construed so as to include its successors in title, permitted assigns and permitted transferees to, or of, its rights
and/or obligations under the Debt Documents and, in the case of the Security Agent, any person for the time being appointed as Security Agent or Security Agents in accordance with the Intercreditor Agreement; 

 

	 	(iii)	 a “Debt Document” or any other agreement or instrument is (other than a reference to a
“Debt Document” or any other agreement or instrument in “original form”) a reference to that Debt Document, or other agreement or instrument, as amended, novated, supplemented, extended, restated (however fundamentally and
whether or not more onerously) or replaced and includes any change in the purpose of, any extension of or any increase in any facility under that Debt Document or other agreement or instrument as permitted by the Intercreditor Agreement;

  

	 	(iv)	 an “amount” includes an amount of cash and an amount of
Non-Cash Consideration; 

  

	 	(v)	 a “person” includes any individual, firm, company, corporation, government, state or agency of
a state or any association, trust, joint venture, consortium, partnership or other entity (whether or not having separate legal personality); and 

  

	 	(vi)	 a provision of law is a reference to that provision as amended or
re-enacted. 

  

	 	(b)	 Section, Clause and Schedule headings are for ease of reference only. 

 

	1.3	 Unless otherwise defined in this Agreement, terms defined in the Intercreditor Agreement and/or in the
Facilities Agreement have the same meaning in this Agreement. 

  

	2.	 DESIGNATION 

In accordance with the Facilities Agreement, each of the Holdco and the Agent designate this Agreement as a Finance Document. 

  
 2 

	3.	 PARALLEL DEBT (COVENANT TO PAY THE SECURITY AGENT) 

 

	3.1	 Each Debtor hereby irrevocably and unconditionally undertakes to pay to the Security Agent amounts equal to any
amounts owing from time to time by that Debtor to any Secured Party under any Senior Finance Document as and when those amounts are due. 

  

	3.2	 Each Debtor and the Security Agent acknowledge that the obligations of each Debtor under Clause 3.1 above are
several and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of that Debtor to any Secured Party under any Senior Finance Document (its “Corresponding Debt”) nor shall the
amounts for which each Debtor is liable under Clause 3.1 above (its “Parallel Debt”) be limited or affected in any way by its Corresponding Debt provided that: 

 

	 	(a)	 the Parallel Debt of each Debtor shall be decreased to the extent that its Corresponding Debt has been
irrevocably paid or (in the case of guarantee obligations) discharged; and 

  

	 	(b)	 the Corresponding Debt of each Debtor shall be decreased to the extent that its Parallel Debt has been
irrevocably paid or (in the case of guarantee obligations) discharged; and 

  

	 	(c)	 the amount of the Parallel Debt of a Debtor shall at all times be equal to the amount of its Corresponding
Debt. 

  

	3.3	 For the purpose of this Clause 3, the Security Agent acts in its own name and not as a trustee, and its claims
in respect of the Parallel Debt shall not be held on trust. The Security granted under the Security Documents to the Security Agent to secure the Parallel Debt is granted to the Security Agent in its capacity as creditor of the Parallel Debt and
shall not be held on trust. 

  

	3.4	 All monies received or recovered by the Security Agent pursuant to this Clause 3, and all amounts received or
recovered by the Security Agent from or by the enforcement of any Security granted to secure the Parallel Debt, shall be applied in accordance with Clause 11.1 (Order of application) of the Intercreditor Agreement. 

 

	3.5	 Without limiting or affecting the Security Agent’s rights against the Debtors (whether under this Clause 3
or under any other provision of the Senior Finance Documents), each Debtor acknowledges that: 

  

	 	(a)	 nothing in this Clause 3 shall impose any obligation on the Security Agent to advance any sum to any Debtor or
otherwise under any Senior Finance Document, except in its capacity as a Senior Lender; and 

  

	 	(b)	 for the purpose of any vote taken under any Senior Finance Document, the Security Agent shall not be regarded
as having any participation or commitment other than those which it has in its capacity as a Senior Lender. 

  

	4.	 SET-OFF 

All payments to be made by a Debtor under this Agreement shall be calculated and made without (and free and clear of any deduction for) set-off or counterclaim. 

  
 3 

	5.	 CHANGES TO THE PARTIES 

 

	5.1	 Assignments and transfers 

 

	(a)	 Subject to, and in accordance with, the terms of the Senior Finance Documents, the Security Agent may transfer
or assign any of its rights and/or obligations under this Agreement to a new Security Agent who will assume the rights and obligations hereunder. Each Debtor irrevocably agrees in advance to cooperate with such transfer or assignment and assumption.

  

	(b)	 A Debtor may not assign, transfer, novate or dispose of any of, or any interest in, its rights and/or
obligations under this Agreement other than in accordance with the Finance Documents. 

  

	6.	 MISCELLANEOUS 

 

	6.1	 Notices 

The provisions of Clause 18 (Notices) of the Intercreditor Agreement shall be incorporated into this Agreement as if set out in full in
this Agreement and as if references in those clauses to “this Agreement” are references to this Agreement. 
  

	6.2	 Third Party Rights 

A person who is not a Party has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term
of this Agreement. 
  

	6.3	 Counterparts 

This Agreement may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a
single copy of this Agreement. 
  

	6.4	 Partial invalidity 

If, at any time, any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under any law of any
jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or enforceability of that provision under the law of any other jurisdiction will in any way be affected or impaired. 

 

	7.	 GOVERNING LAW 

This Agreement and any non-contractual obligations arising out of or in connection with it are governed
by English law. 
  

	8.	 ENFORCEMENT 

  

	8.1	 Jurisdiction 

  

	(a)	 The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection with
this Agreement (including a dispute relating to the existence, validity or termination of this Agreement or any non-contractual obligation arising out of or in connection with this Agreement) (a
“Dispute”). 

  

	(b)	 The Parties agree that the courts of England are the most appropriate and convenient courts to settle Disputes
and accordingly no Party will argue to the contrary. 

  

	8.2	 Service of process 

 

	(a)	 Without prejudice to any other mode of service allowed under any relevant law, each Debtor (unless incorporated
in England and Wales): 

  
 4 

	 	(i)	 irrevocably appoints Allego Charging Ltd as its agent for service of process in relation to any proceedings
before the English courts in connection with this Agreement, and Allego Charging Ltd, by its execution of this Agreement, accepts that appointment; and 

  

	 	(ii)	 agrees that failure by a process agent to notify the relevant Debtor of the process will not invalidate the
proceedings concerned; and 

  

	(b)	 If any person appointed as an agent for service of process is unable for any reason to act as agent for service
of process, that Debtor must immediately (and in any event within 7 days of such event taking place) appoint another agent on terms acceptable to the Security Agent. Failing this, the Security Agent may appoint another agent for this purpose.

 This Agreement has been entered into in Amsterdam on the date stated at the beginning of this Agreement and executed as a deed by the
Debtors and is intended to be and is delivered by them as a deed on the date specified above. 

  
 5 

 SIGNATURES 
  

	
	The Debtors
	
	ALLEGO B.V.
	
	 Signed as a deed by Allego B.V., a company incorporated in the Netherlands, by

 being a person

	who, in accordance with the laws of that territory, is acting under the authority of the company
	
	

	
	ALLEGO INNOVATIONS B.V.
	
	 Signed as a deed by Allego Innovations B.V., a

company incorporated in the Netherlands, by
 

 being a person

	who, in accordance with the laws of that territory, is acting under the authority of the company
	
	

	
	ALLEGO HOLDING B.V.
	
	 Signed as a deed by Allego Holding B.V., a

company incorporated in the Netherlands, by

	

 being a person
	who, in accordance with the laws of that territory, is acting under the authority of the company
	
	

	
	Agent
	
	SOCIÉTÉ GÉNÉRALE
	
	Signed as a deed by Société Générale, a company incorporated in France, by Olivier SADO, being persons who, in accordance with the laws of that territory, are acting under the authority of the
company
	
	

	
	  

	
	  

			
	Security Agent	 	
		
	SOCIÉTÉ GÉNÉRALE	 	
		
	Signed as a deed by Société Générale, a company incorporated in France, by Olivier SADO, being person who, in accordance with the laws of that territory, are acting under the authority of the company	 	
	    	 	
	

	 	
	    	 	
	  
	 	
		
	  
	 	

			
	 Process Agent for the Debtors
  

Signed as a deed by Allego Charging Ltd
 acting by 

  a Director
 in the presence of
	 	

	     

	  

	
	

  
 

 

 THIS AGREEMENT is made on 2 October 2019 and made between: 

 

	(1)	 Allego GmbH (the “Acceding Debtor”); and 

 

	(2)	 SOCIÉTÉ GÉNÉRALE (the “Security Agent”), for itself and each of
the other parties to the parallel debt agreement referred to below. 

 This agreement is made on 2 October 2019 by the Acceding
Debtor in relation to a parallel debt agreement (the “Parallel Debt Agreement”) dated 27 May 2019 between, amongst others, Allego B.V., Allego Innovations B.V. and Allego Holding B.V. as original debtors, SOCIÉTÉ
GÉNÉRALE as security agent and agent. 
 The Acceding Debtor intends to give a guarantee, indemnity or other assurance against loss in respect
of Liabilities under the Finance Documents. 
 IT IS AGREED as follows: 
  

	1.	 Terms defined in the Parallel Debt Agreement shall, unless otherwise defined in this Agreement, bear the same
meaning when used in this Agreement. 

  

	2.	 The Acceding Debtor confirms that it intends to be party to the Parallel Debt Agreement as a Debtor, undertakes
to perform all the obligations expressed to be assumed by a Debtor under the Parallel Debt Agreement and agrees that it shall be bound by all the provisions of the Parallel Debt Agreement as if it had been an original party to the Parallel Debt
Agreement. 

  

	3.	 This Agreement and any non-contractual obligations arising out of or in
connection with it are governed by, English law. 

  

					
	    	  	-1-	  	36-40692168

 THIS AGREEMENT has been signed on behalf of the Security Agent and executed as a deed by the Acceding Debtor
and is delivered on the date stated above. 

 

	
	The Acceding Debtor
	
	Allego GmbH
	
	

  

	
	
                     

	 By:
 Title:

Address:

 
 

  

  

					
	    	  		  	36-40692168
		  	Signature pages to Accession Letter Parallel Debt	  	

	
	The Security Agent
	
	SOCIÉTÉ GÉNÉRALE
	
	

  

					
	    	  		  	36-40692168
		  	Signature pages to Accession Letter Parallel Debt

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