Document:

EX-4.2

 EXHIBIT 4.2 

FACE OF NOTE 
 THIS NOTE
IS A GLOBAL SECURITY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (THE “DEPOSITORY”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

 REGISTERED 

No. [_] 
  

							
	CUSIP: 037411 BJ3	  		  		  	PRINCIPAL AMOUNT
	ISIN: US037411BJ37	  		  		  	$[_________]

 Apache Corporation 

4.875% Notes Due 2027 
 Apache
Corporation, a Delaware corporation (the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received hereby promises to pay to Cede & Co., or registered assigns, the
principal sum of $[________] on November 15, 2027 (“Stated Maturity”) and to pay interest thereon from August 17, 2020 or from the most recent date in respect of which interest has been paid or duly provided for, on May 15
and November 15 of each year (each, an “Interest Payment Date”), commencing May 15, 2021, and at Stated Maturity or upon such other date on which the principal of this Note becomes due and payable, whether by declaration of
acceleration, notice of redemption or otherwise, and including any Redemption Date (each such date, “Maturity”), at the rate of 4.875% per annum, until the principal hereof is paid or duly made available for payment. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture referred to below, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered as of the close
of business on May 1 or November 1, as the case may be (whether or not a Business Day), next preceding such Interest Payment Date (each such date, a “Regular Record Date”). Any such interest which is payable, but is not
punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder of this Note on such Regular Record Date, and shall be paid to the Person in whose name this Note (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to the Holder of this Note not less than 10 days prior to such Special
Record Date, or may be paid in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the
Indenture. 
 Payment of the principal of, and premium, if any, and interest on, this Note will be made at the office or agency maintained
for that purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that
payment of interest may be made at the option of the Company by check mailed to the Person in whose name this Note is registered at the close of business on the related record date; provided further, that, notwithstanding anything else
contained herein, if this Note is a Global Security and is held in book-entry form through the facilities of the Depository, payments on this Note will be made to the Depository or its nominee in accordance with the arrangements then in effect
between the Trustee and the Depository. 
 Reference is hereby made to the further provisions of this Note set forth on the succeeding pages
hereof, which further provisions shall for all purposes have the same effect as if set forth herein. 

 IN WITNESS WHEREOF, Apache Corporation has caused this instrument to be duly executed. 

Dated: [______] 
  

			
	APACHE CORPORATION
		
	By:	 	          

		 	Name: [_________]
		 	Title: [_________]

 Attest: 
  

			
	By:	 	          

		 	Name: [_____]
		 	Title: [_____]

 [Signature Page to Global Note] 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein, referred to in the within-mentioned Indenture. 

 

			
	 WELLS FARGO BANK, NATIONAL

    ASSOCIATION,
     as
Trustee

		
	By:	 	          

		 	Authorized Officer

 [Authentication to Global Note] 

 REVERSE OF NOTE 

Apache Corporation 
 4.875%
Notes Due 2027 
 This Note is one of a duly authorized issue of Securities of the Company issued under an Indenture, dated as of
August 14, 2018, between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”, which term includes any successor trustee under the Indenture) (the “Indenture”), designated as the 4.875% Notes due
2027 (the “Notes”), limited to $750,000,000 aggregate principal amount, subject to the provisions of the Indenture. Reference is made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. All terms used in this Note set forth below which are not defined herein and which are defined
in the Indenture shall have the meanings assigned to them in the Indenture. 
 The Indenture provides for the defeasance of the Notes and
certain covenants in certain circumstances. 
 This Note is unsecured as to payment of principal and premium, if any, and interest, and
ranks pari passu with all other unsecured unsubordinated indebtedness of the Company. 
 Interest payments on this Note will include
interest accrued to but excluding the applicable Interest Payment Date or Maturity hereof, as the case may be. Interest payments for this Note shall be computed and paid on the basis of a 360-day year of
twelve 30-day months. 
 In the case where the applicable Interest Payment Date or Maturity with
respect hereto, as the case may be, does not fall on a Business Day, payment of principal, premium, if any, or interest otherwise payable on such day need not be made on such day, but may be made on the next succeeding Business Day with the same
force and effect as if made on the Interest Payment Date or at Maturity and, unless the Company defaults on such payment, no interest shall accrue with respect to such payment for the period from and after the Interest Payment Date or such Maturity,
as the case may be, to the date of payment. “Business Day” means any day other than a Saturday, Sunday or other day on which banking institutions in The City of New York or a place of payment are authorized or obligated by law, regulation
or executive order to close. 
 The Notes will not be subject to any sinking fund and, except as provided in the Indenture or herein, will
not be redeemable or repayable prior to their Stated Maturity. 
 The Notes are redeemable in whole at any time or in part from time to
time, at the Company’s option. If the Notes are redeemed by the Company before the date that is six months prior to their Stated Maturity (the “2027 Notes Par Call Date”), Holders of record on the relevant Regular Record Date shall
have the right to receive a Redemption Price equal to the greater of (i) 100 percent of the principal amount of the Notes then outstanding to be redeemed, or (ii) the sum of the present values of the remaining scheduled payments of
principal and interest on the Notes to be redeemed (not including any portion of such payments of interest accrued to the applicable Redemption Date) that would have been due if the Notes had matured on the 2027 Notes Par Call Date, discounted to
the applicable Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 50 basis points;
plus, in each case, accrued and unpaid interest on the principal amount of the Notes being redeemed to the applicable Redemption Date. If the Notes are redeemed by the Company on or after the 2027 Notes Par Call Date, Holders of record on the
relevant Regular Record Date shall have the right to receive a Redemption Price equal to 100 percent of the principal amount of the Notes then outstanding to be redeemed, plus accrued and unpaid interest on the principal amount of the Notes
being redeemed to the applicable Redemption Date. 

 The Company will, however, pay the interest installment due on any Interest Payment Date
that occurs on or before a Redemption Date to the Holders as of the close of business on the Regular Record Date immediately preceding that Interest Payment Date. 

“Treasury Rate” means, with respect to any Redemption Date, (a) the yield, under the heading which represents the
average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and
which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within
three months before or after the Remaining Life (as defined below), yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated
from such yields on a straight line basis, rounding to the nearest month); or (b) if such release (or any successor release) is not published during the week preceding the Calculation Date (as defined below) or does not contain such yields, the
rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury
Price for such Redemption Date. The Treasury Rate will be calculated on the third Business Day next preceding such Redemption Date (the “Calculation Date”). 

“Comparable Treasury Issue” means the U.S. Treasury security selected by an Independent Investment Banker as having a
maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed calculated as if the maturity date of the Notes were the 2027 Notes Par Call Date, that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes. 

“Comparable Treasury Price” means, with respect to any Redemption Date, (1) the average of five Reference Treasury
Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than five such Reference Treasury Dealer Quotations, the average
of all such quotations. 
 “Independent Investment Banker” means one of J.P. Morgan Securities LLC, BofA Securities, Inc.,
BMO Capital Markets Corp. or Scotia Capital (USA) Inc., or their respective successors, as specified by the Company, or, if those firms are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of
national standing appointed by the Company. 
 “Reference Treasury Dealer” means each of (1) J.P. Morgan Securities
LLC, BofA Securities, Inc., BMO Capital Markets Corp. or Scotia Capital (USA) Inc., and their respective successors, provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in the United States
(a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer and (2) any one other Primary Treasury Dealer selected by the Company after consultation with the Independent Investment
Banker. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption
Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment
Banker at 5:00 p.m., New York City time, on the Calculation Date. 

 Holders of Notes to be redeemed will be given notice of redemption, at their addresses as
set forth in the Security Register for the Notes, by first-class mail at least 10 and not more than 60 days prior to the date fixed for redemption, as provided in the Indenture. When notes are in the form of Global Notes, such notice will be sent
pursuant to the applicable procedures of the Depositary. Unless the Company defaults in payment of the Redemption Price, on and after the Redemption Date interest will cease to accrue on the Notes or portions thereof called for redemption. 

If fewer than all of the Notes are to be redeemed, the Trustee will select, at least 10 and not more than 60 days prior to the Redemption
Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called for redemption, based on the method required by the Depositary. The Trustee may select for redemption Notes and portions of Notes in
amounts of $1,000 or whole multiples of $1,000. 
 If any Event of Default with respect to the Notes shall occur and be continuing, the
principal of the Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 
 As set forth in, and
subject to the provisions of, the Indenture, no Holder of any Note will have any right to institute any proceeding with respect to the Indenture, the Notes, or for any remedy thereunder, unless (i) such Holder shall have previously given to the
Trustee written notice of a continuing Event of Default with respect to the Notes, (ii) the Holders of not less than 25% in principal amount of the Outstanding Notes shall have made written request, and offered reasonable indemnity against the
costs, expenses and liabilities to be incurred in compliance with such request, to the Trustee to institute such proceeding as Trustee, (iii) the Trustee shall have failed to institute such proceeding within 60 days after receipt of such
written notice, request and offer of indemnity and (iv) the Trustee shall not have received from the Holders of a majority in principal amount of the Outstanding Notes a direction inconsistent with such request within such 60 day period;
provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for the enforcement of payment of the principal of or premium, if any, and any interest on this Note on or after the respective due dates
expressed herein. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Holders of the Securities of each series thereunder to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in aggregate
principal amount of such Securities then Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of not less than a majority in principal amount of the Securities of each series thereunder at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain restrictive provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or
waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of any Note issued upon the registration of transfer hereof or in exchange for or in lieu hereof, whether or not notation of such consent
or waiver is made upon this Note. 
 No reference to the Indenture and no provision of this Note or of the Indenture shall alter or impair
the obligation of the Company, which is absolute and unconditional, to pay the principal of and premium, if any, and any interest on this Note at the times, places and rate, and in the coin or currency, herein prescribed. 

 The Notes are issuable only in fully registered form in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, this Note is exchangeable for a like aggregate principal amount of Notes of this series and of like tenor of any authorized
denomination, as requested by the Holder surrendering the same. As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security Register, upon surrender of this Note for
registration of transfer at the office or agency of the Company in any place where the principal of and any interest on this Note are payable or at such other offices or agencies as the Company may designate, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to, the Company and the Security Registrar or any transfer agent duly executed by the registered owner hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this
series and of like tenor, of authorized denominations and for the same aggregate principal amount and Stated Maturity will be issued to the designated transferee or transferees. 

Subject to the terms of the Indenture, prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any
agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent shall be affected by
notice to the contrary. 
 No service charge shall be made for any registration of transfer or exchange of this Note, but, subject to
certain limitations set forth in the Indenture, the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

The Indenture and this Note shall be governed by and construed in accordance with the laws of the State of New York without regard to the
conflicts of laws principles thereof. 
 This Note shall not be valid or become obligatory for any purpose until the Trustee’s
Certificate of Authentication hereon shall have been executed by the Trustee. 
 ****** 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

 
  

Please insert Social Security or other identifying number of assignee 
  

 
 (please print or type name and address
of assignee) 
 the within Security and all rights thereunder and does hereby irrevocably constitute and appoint the aforesaid assignee attorney to transfer
the within Security on the books kept for registration thereof, with full power of substitution in the premises. 
  

							
	Dated:	 	              
	 		 	              

 In the presence of: 
 NOTICE: The
signature to this assignment must correspond with the name as it appears upon the face of the within Security in every particular, without alteration or enlargement or any change whatever. When assignment is made by a guardian, trustee, executor or
administrator, an officer of a corporation, or anyone in a representative capacity, proof of his or her authority to act must accompany the Security. The signature must be guaranteed by an Institution which is a member of one of the following
recognized signature Guarantee Programs: (i) The Securities Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) in such other
guarantee program acceptable to the Trustee.nsit-ex102_210.htm

Exhibit 10.2

EXECUTION VERSION

FIRST AMENDMENT TO CREDIT AGREEMENT

 

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of July 31, 2020, is entered into by and among (a) INSIGHT ENTERPRISES, INC., a Delaware corporation, INSIGHT NORTH AMERICA, INC., an Arizona corporation, INSIGHT DIRECT USA, INC., an Illinois corporation, INSIGHT PUBLIC SECTOR, INC., an Illinois corporation, INSIGHT RECEIVABLES, LLC, an Illinois limited liability company, INSIGHT PHYSICAL SECURITY SOLUTIONS, LLC (FORMERLY KNOWN AS CALENCE PHYSICAL SECURITY SOLUTIONS LLC), an Arizona limited liability company, PCM, INC., a Delaware corporation, PCM LOGISTICS, LLC, a Delaware limited liability company, PCM SALES, LLC (FORMERLY KNOWN AS PCM SALES, INC.), a California limited liability company, PCMG, INC., a Delaware corporation, ABREON LLC (FORMERLY KNOWN AS ABREON, INC.), a Delaware limited liability company, M2 MARKETPLACE, INC., a Delaware corporation, EN POINTE TECHNOLOGIES SALES, LLC, a Delaware limited liability company, PCM BPO, LLC, a Delaware limited liability company, and ONSALE HOLDINGS, INC., an Illinois corporation, (collectively, the “U.S. Borrowers”), (b) INSIGHT DIRECT (UK) LTD, a company incorporated under the laws of England with registration number 02579852, INSIGHT NETWORKING SOLUTIONS LIMITED, a company incorporated under the laws of England with registration number 04482870, STACK TECHNOLOGY HOLDINGS LTD, a company incorporated under the laws of England with registration number 07170448, STACK DATA SOLUTIONS LTD, a company incorporated under the laws of England with registration number 01865047, STACK TELECOMMUNICATIONS SOLUTIONS LTD, a company incorporated under the laws of England with registration number 07423212, INTERCONNECT NETWORK SYSTEMS LIMITED, a company incorporated under the laws of England with registration number 03645464, PCM TECHNOLOGY SOLUTIONS UK, LTD, a company incorporated under the laws of England with registration number 10326566 (collectively, the “U.K. Borrowers”, (c) INSIGHT ENTERPRISES NETHERLANDS B.V., a besloten vennotschap met beperkte aansprakelijkheid, incorporated under the laws of The Netherlands, having its official seat in Apeldoorn, The Netherlands and registered with the Dutch trade register under number 08074503, INSIGHT ENTERPRISES B.V., a besloten vennotschap met beperkte aansprakelijkheid, incorporated under the laws of The Netherlands, having its official seat in The Hague, The Netherlands and registered with the Dutch trade register under number 27148512 (collectively, the “Dutch Borrowers” and, together with the U.S. Borrowers and U.K. Borrowers, the “Borrowers”), (d) the other Loan Parties (as defined in the Credit Agreement referred to below) signatory hereto, (e) the Lenders (as defined in the Credit Agreement) signatory hereto, and (f) JPMORGAN CHASE BANK, N.A., as Administrative Agent (as defined in the Credit Agreement).

RECITALS

A.The Borrowers, the Loan Parties, the Lenders and the Administrative Agent have previously entered into that certain Credit Agreement, dated as of August 30, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), pursuant to which the Lenders have made certain loans and financial accommodations available to the Borrowers.  Terms used herein without definition shall have the meanings ascribed to them in the Credit Agreement.

B.The Borrowers have requested that the Administrative Agent and the Lenders (1) amend the Credit Agreement, and (2) consent to (a) the name change of Calence Physical Security Solutions, LLC, an Arizona limited liability company, to Insight Physical Security Solutions, LLC, an Arizona limited liability company (the “Calence Name Change”), and (b) conversion of Abreon, Inc., a Delaware corporation to Abreon LLC, a Delaware limited liability company, and PCM Sales, Inc. to PCM Sales, LLC (collectively, the “LLC Conversions” and together with the Calence Name Change, the “Corporate Restructuring Request”), in each case on the terms and conditions set forth herein.  

DB2/ 38338983.9

 
 

 

C.The Administrative Agent and the Required Lenders are willing to (1) amend the Credit Agreement and (2) consent to the Corporate Restructuring Request, in each case on the terms and conditions set forth herein.

D.Each Borrower and each other Loan Party is entering into this Amendment with the understanding and agreement that, except as specifically provided herein, none of the Administrative Agent’s or any Lender’s rights or remedies as set forth in the Credit Agreement and the other Loan Documents are being waived or modified by the terms of this Amendment.

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

1.Amendments to Credit Agreement.  Subject to the satisfaction in full of the conditions precedent set forth in Section 2 hereof, effective as of the Effective Date (as defined below), the Credit Agreement is hereby amended as set forth below:

(a)Clauses (a) and (b) of Section 2.03 of the Credit Agreement are hereby amended and restated in their entirety to read as follows:

“(a) in the case of a Eurocurrency Borrowing, 3:00 p.m., Local Time, three (3) Business Days before the date of the proposed Borrowing,” 

“(b) in the case of an CBFR Borrowing, 1:00 p.m., Local Time, on the date of the proposed Borrowing, and”

(b)Clause (c) of Section 6.05 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

“(c)(i) Dispositions of Accounts in connection with the compromise, settlement or collection thereof and (ii) Dispositions of Accounts originated in connection with transactions consummated by a Loan Party or Restricted Subsidiary in the ordinary course of such Loan Party’s or such Restricted Subsidiary’s business consistent with past practices in which the applicable Loan Party or Restricted Subsidiary purchases hardware, software or services (as the case may be) from its vendors and subsequently sells or leases (as the case may be) such hardware, software or services to its customers, and then Disposes of the contracts for such transactions (including all Accounts arising from such transactions) to unaffiliated third-party financial institutions or other finance companies within fifteen (15) days (or such later date as agreed to by the Administrative Agent in its sole discretion) after such Accounts have been originated in connection with such transactions (it being understood and agreed that all Accounts owing by customers of a Loan Party or Restricted Subsidiary originated pursuant to such purchase and sale/lease transactions with such customers and so sold to any such unaffiliated third-party financial institutions or other finance companies shall not constitute Eligible Accounts but any Accounts owing to a Loan Party by any such unaffiliated third-party financial institutions or other finance companies in connection with the Disposition of such contracts to any such unaffiliated third-party financial institutions or other finance companies 

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DB2/ 38338983.9

 
 

 

shall constitute Eligible Accounts to the extent such Accounts so qualify pursuant to the definition of Eligible Accounts);”

(c)Clause (d) of Section 6.05 of the Credit Agreement is hereby amended by deleting the amount “$75,000,000” and substituting the amount “$200,000,000” in lieu thereof.

2.Conditions Precedent to Effectiveness of this Amendment.  This Amendment shall become effective as of the date on which each of the following conditions precedent has been satisfied in full (the “Effective Date”):

(a)Amendment.  Each of the Borrowers, the other Loan Parties, the Administrative Agent and the Required Lenders shall have duly executed and delivered this Amendment and the Administrative Agent shall have received a fully executed counterpart hereof.

(b)Representations and Warranties.  The representations and warranties of the Borrowers and the other Loan Parties set forth herein and in the other Loan Documents shall be true and correct in all material respects with the same effect as though made on and as of the Effective Date (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date, and that any representation or warranty which is subject to any materiality qualifier shall be required to be true and correct in all respects).

3.Representations and Warranties.  Each Borrower and each other Loan Party represents and warrants to the Administrative Agent and the Lenders as follows:

(a)Authorization; Powers.  The execution, delivery and performance by each Loan Party of this Amendment, and the performance by each Loan Party of its obligations under the Loan Documents, as amended by this Amendment, in each case are within such Loan Party’s corporate or other organizational powers and have been duly authorized by all necessary corporate or other organizational actions on the part of such Loan Party and, if required, actions by such Loan Party’s equity holders, including, with respect to each Dutch Loan Party, to the extent applicable, an unconditional, positive, written advice from any works council in relation to the transactions contemplated by this Amendment and any other document required for compliance with the Dutch Works Council Act (Wet op de Ondernemingsraden).  

(b)Enforceability.  This Amendment has been duly executed and delivered by such Loan Party and constitutes a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.  The choice of governing law provisions contained in this Amendment are enforceable in the jurisdictions where any European Loan Party is organized or incorporated or any Collateral of such European Loan Party is located.  Any judgment obtained in connection with this Amendment or any other Loan Document in the jurisdiction of the governing law this Amendment or such other Loan Document will be recognized and be enforceable in the jurisdictions where such European Loan Party is organized or any Collateral of such European Loan Party is located, except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and subject to (i) general principles of equity, regardless of whether considered in a proceeding at equity or at law, and (ii) the matters which are set out as qualifications or reservations as to matters of law of general applicability in the legal opinions provided to the Administrative Agent in accordance with Section 4.01(a) of the Credit Agreement.

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(c)Governmental Approvals; No Conflicts.  The execution, delivery and performance by each Loan Party of this Amendment, and the performance by the Borrowers of their obligations under the Credit Agreement, as amended by this Amendment, (i) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except (A) such as have been obtained or made and are in full force and effect, (B) for filings necessary to perfect Liens created pursuant to the Loan Documents, and (C) those consents, approvals, registrations, filings or actions, the failure of which to obtain or make would not reasonably be expected to have a Material Adverse Effect, (ii) will not violate any charter, articles or certificate of organization or formation, bylaws, operating agreements, constitution or other organizational or governing documents of any Loan Party, (iii) will not violate any Requirement of Law applicable to any Loan Party or any Restricted Subsidiary in a manner which would reasonably be expected to have a Material Adverse Effect, (iv) will not violate or result in a default under any indenture, agreement or other instrument binding upon any Loan Party or any Restricted Subsidiary or the assets of any Loan Party or any Restricted Subsidiary in a manner which would reasonably be expected to have a Material Adverse Effect, or give rise to a right thereunder (other than any Loan Document) to require any payment to be made by any Loan Party or any Restricted Subsidiary in a manner which would reasonably be expected to have a Material Adverse Effect, and (v) will not result in the creation or imposition of, or the requirement to create, any Lien on any asset of any Loan Party or any Restricted Subsidiary, except Liens permitted under Section 6.02 of the Credit Agreement, as amended by this Amendment.

(d)Representations and Warranties in Loan Documents.  The representations and warranties of the Borrowers and the other Loan Parties set forth in the Loan Documents, including this Amendment, are true and correct in all material respects with the same effect as though made on and as of the date hereof (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date, and that any representation or warranty which is subject to any materiality qualifier shall be required to be true and correct in all respects).

(e)No Default.  No event has occurred and is continuing that constitutes a Default or Event of Default.

4.Limited Consent.  Subject to the satisfaction of each of the conditions to effectiveness set forth in Section 2 of this Amendment, notwithstanding anything to the contrary set forth in the Credit Agreement or any other Loan Document, the Administrative Agent and the Required Lenders hereby consent to the Corporate Restructuring Request.

5.Choice of Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of New York.

6.Counterparts.  This Amendment may be executed in any number of counterparts and by different parties and separate counterparts, each of which when so executed and delivered, shall be deemed an original, and all of which, when taken together, shall constitute one and the same instrument.  Delivery of an executed counterpart of a signature page to this Amendment by telecopy, emailed pdf. or other electronic means that complies with the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act, or any other relevant and applicable electronic signatures law shall be effective as delivery of a manually executed counterpart of this Amendment.  Each party agrees that this Amendment and any other documents to be delivered in connection herewith may be electronically signed, and that any electronic signatures appearing on this Amendment or such other documents are the same as handwritten signatures for the purposes of validity, enforceability, and admissibility.  As used herein, “electronic signatures” mean any electronic sound, 

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symbol, or process attached to or logically associated with a record and executed and adopted by a party with the intent to sign such record.  Notwithstanding the foregoing, Borrowers and the other Loan Parties hereby agree to provide the Administrative Agent with original counterparts of their respective signature pages hereto.  

7.Reference to and Effect on the Loan Documents.

(a)Upon and after the Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified and amended hereby.

(b)Except as specifically set forth in this Amendment, the Credit Agreement and all other Loan Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed and shall constitute the legal, valid, binding, and enforceable obligations of the Borrowers and the other Loan Parties to the Administrative Agent and the Lenders without defense, offset, claim, or contribution.

(c)The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power, or remedy of the Administrative Agent or any Lender under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.

8.Ratification.  Each Borrower and each other Loan Party hereby restates, ratifies and reaffirms each and every term and condition set forth in the Credit Agreement, as amended hereby, and the other Loan Documents effective as of the date hereof.

9.Integration.  This Amendment, together with the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.

10.Severability.  Any provision of this Amendment or any other Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

 [Remainder of Page Intentionally Left Blank; Signature Pages Follow.]

 

5

DB2/ 38338983.9

 
 

 

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

BORROWERS:

 

INSIGHT ENTERPRISES, INC., 

a Delaware corporation, as a U.S. Borrower and a European Borrower

 

INSIGHT NORTH AMERICA, INC., 

an Arizona corporation, as a U.S. Borrower and a European Borrower

 

INSIGHT DIRECT USA, INC., 

an Illinois corporation, as a U.S. Borrower and a European Borrower

 

INSIGHT PUBLIC SECTOR, INC., 

an Illinois corporation, as a U.S. Borrower and a European Borrower

 

INSIGHT RECEIVABLES, LLC, 

a Delaware limited liability company, as a U.S. Borrower and a European Borrower

 

 

By: /s/ Lynn Willden

Name:Lynn Willden

Title:Treasurer

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

BORROWERS (CONT’D):

INSIGHT PHYSICAL SECURITY SOLUTIONS, LLC (FORMERLY KNOWN AS CALENCE PHYSICAL SECURITY SOLUTIONS, LLC), an Arizona limited liability company, as a U.S. Borrower and a European Borrower

 

 

By:/s/ John Brooks

Name: John Brooks

Title: President 

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

BORROWERS (CONT’D):

PCM, INC., 

a Delaware corporation, as a U.S. Borrower and a European Borrower

 

PCM LOGISTICS, LLC, 

a Delaware limited liability company, as a U.S. Borrower and a European Borrower

 

PCM SALES LLC (FORMERLY KNOWN AS PCM SALES, INC.), a California limited liability company, as a U.S. Borrower and a European Borrower

 

ABREON LLC (FORMERLY KNOWN AS ABREON, INC.), a Delaware limited liability company, as a U.S. Borrower and a European Borrower

 

M2 MARKETPLACE, INC., 

a Delaware corporation, as a U.S. Borrower and a European Borrower

 

EN POINTE TECHNOLOGIES SALES, LLC, 

a Delaware limited liability company, as a U.S. Borrower and a European Borrower

 

PCM BPO, LLC, 

a Delaware limited liability company, as a U.S. Borrower and a European Borrower

 

ONSALE HOLDINGS, INC., 

an Illinois corporation, as a U.S. Borrower and a European Borrower

 

 

By: /s/ Lynn Willden

Name:Lynn Willden

Title:Treasurer

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

BORROWERS (CONT’D):

PCMG, INC., 

a Delaware corporation, as a U.S. Borrower and a European Borrower

 

 

 

By: /s/ Sharon O. Ennis

Name:Sharon O. Ennis

Title:Secretary

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

BORROWERS (CONT’D):

SIGNED for and on behalf of INSIGHT DIRECT (UK) LTD, a company incorporated under the laws of England with registration number 02579852, as a U.K. Borrower and a European Borrower

 

 

By: /s/ Glynis A. Bryan

Name:Glynis A. Bryan

Title:Director

 

SIGNED for and on behalf of INSIGHT NETWORKING SOLUTIONS LIMITED, a company incorporated under the laws of England with registration number 04482870, as a U.K. Borrower and a European Borrower

 

 

By: /s/ Russell Leighton

Name:Russell Leighton

Title:Director

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

BORROWERS (CONT’D):

SIGNED for and on behalf of STACK TECHNOLOGY HOLDINGS LTD, a company incorporated under the laws of England with registration number 07170448, as a U.K. Borrower and a European Borrower

 

 

By: /s/ Glynis A. Bryan

Name:Glynis A. Bryan

Title:Director

 

SIGNED for and on behalf of STACK DATA SOLUTIONS LTD, a company incorporated under the laws of England with registration number 01865047, as a U.K. Borrower and a European Borrower

 

 

By: /s/ Glynis A. Bryan

Name:Glynis A. Bryan

Title:Director

 

SIGNED for and on behalf of STACK TELECOMMUNICATIONS SOLUTIONS LTD, a company incorporated under the laws of England with registration number 07423212, as a U.K. Borrower and a European Borrower

 

 

By: /s/ Glynis A. Bryan

Name:Glynis A. Bryan

Title:Director

 

[Insight – Signature Page to First Amendment to Credit Agreement]

DB2/ 38338983.9

 
 

 

BORROWERS (CONT’D):

SIGNED for and on behalf of INTERCONNECT NETWORK SYSTEMS LIMITED, a company incorporated under the laws of England with registration number 03645464, as a U.K. Borrower and a European Borrower

 

 

By: /s/ Glynis A. Bryan

Name:Glynis A. Bryan

Title:Director

 

SIGNED for and on behalf of PCM TECHNOLOGY SOLUTIONS UK, LTD, a company incorporated under the laws of England with registration number 10326566, as a U.K. Borrower and a European Borrower

 

 

By: /s/ Glynis A. Bryan

Name:Glynis A. Bryan

Title:Director

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

DB2/ 38338983.9

 
 

 

BORROWERS (CONT’D):

INSIGHT ENTERPRISES NETHERLANDS B.V., 

a besloten vennotschap met beperkte aansprakelijkheid, incorporated under the laws of The Netherlands, having its official seat in Apeldoorn, The Netherlands and registered with the Dutch trade register under number 08074503, as a Dutch Borrower and a European Borrower

 

By: /s/ Russell Leighton 

Name:Russell Leighton

Title:Director

 

INSIGHT ENTERPRISES B.V., 

a besloten vennotschap met beperkte aansprakelijkheid, incorporated under the laws of The Netherlands, having its official seat in The Hague, The Netherlands and registered with the Dutch trade register under number 27148512, as a Dutch Borrower and a European Borrower

 

 

By: /s/Russell Leighton

Name:Russell Leighton

Title:Director

 

 

 

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

DB2/ 38338983.9

 
 

 

OTHER LOAN PARTIES:

INSIGHT DIRECT WORLDWIDE, INC.,

an Arizona corporation, as a Loan Guarantor

 

INSIGHT CANADA HOLDINGS, INC.,

an Arizona corporation, as a Loan Guarantor

 

INSIGHT TECHNOLOGY SOLUTIONS, INC.,

a Delaware corporation, as a Loan Guarantor

 

INSIGHT RECEIVABLES HOLDING, LLC,

an Illinois limited liability company, as a Loan Guarantor

 

CALENCE, LLC,

a Delaware limited liability company, as a Loan Guarantor

 

 

By: /s/ Lynn Willden 

Name:Lynn Willden

Title:Treasurer

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

DB2/ 38338983.9

 
 

 

OTHER LOAN PARTIES (CONT’D):

3683371 CANADA INC.,

a Canadian corporation, as a Loan Guarantor

 

 

By: /s/ Michael L. Walker 

Name:Michael L. Walker

Title:Assistant Secretary

 

INSIGHT CANADA INC.,

an Ontario corporation, as a Loan Guarantor

 

 

By: /s/ Michael L. Walker

Name:Michael L. Walker

Title:Assistant Secretary

 

INSIGHT DIRECT CANADA, INC.,

a Canadian corporation, as a Loan Guarantor

 

 

By: /s/ Michael L. Walker

Name:Michael L. Walker

Title:Assistant Secretary

 

PCM VENTES CANADA, INC. / PCM SALES CANADA, INC.,

a Quebec corporation, as a Loan Guarantor

 

 

By: /s/ Michael L. Walker

Name:Michael L. Walker

Title:Assistant Secretary

 

[Insight – Signature Page to First Amendment to Credit Agreement]

DB2/ 38338983.9

 
 

 

OTHER LOAN PARTIES (CONT’D):

SIGNED for and on behalf of INSIGHT ENTERPRISES UK LIMITED, a company incorporated under the laws of England with registration number 4051772, as a Loan Guarantor

 

 

By: /s/ Glynis A. Bryan

Name:Glynis A. Bryan

Title:Director

 

INSIGHT ENTERPRISES C.V., 

a limited partnership (commanditaire vennootschap), incorporated under the laws of The Netherlands and registered with the Dutch trade register under number 24410231, as a Loan Guarantor

 

By:  INSIGHT DIRECT USA, INC., as general partner

 

 

By: /s/ Lynn Willden 

Name:Lynn Willden

Title:Treasurer

 

INSIGHT ENTERPRISES HOLDINGS B.V., 

a besloten vennootschap met beperkte aansprakelijkheid, incorporated under the laws of The Netherlands, having its official seat in Den Haag, The Netherlands and registered with the Dutch trade register under number 08154117, as a Loan Guarantor

 

 

By: /s/ Russell Leighton 

Name:Russell Leighton

Title:Director

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

DB2/ 38338983.9

 
 

 

ADMINISTRATIVE AGENT, LENDERS AND ISSUING BANKS:

JPMORGAN CHASE BANK, N.A., individually and as the Administrative Agent, a Lender and a Issuing Bank

 

 

By: /s/ Kevin Podwika

Name: Kevin Podwika

Title: Authorized Officer 

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

DB2/ 38338983.9

 
 

 

LENDERS (CONT’D):

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

 

 

 

By: /s/ Kennedy A. Capin

Name: Kennedy A. Capin 
Title: Authorized Officer 

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

BANK OF THE WEST, as a Lender

 

 

 

By: /s/Scott Bruni

Name: Scott Bruni 
Title:   Director

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

ZIONS BANCORPORATION, N.A. DBA NATIONAL BANK OF ARIZONA, as a Lender

 

 

 

By: /s/Jeff Byers

Name: Jeff Byers
Title: Senior Vice President 

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

WELLS FARGO BANK, NATIONAL ASSOCIATION, LONDON BRANCH, as a Lender

 

 

 

By: /s/Matt Harbour

Name: Matt Harbour 
Title: Authorized Signatory 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION, LONDON BRANCH, as a Lender

 

 

 

By: /s/Patricia Del Busto

Name: Patricia Del Busto
Title: Authorized Signatory 

 

 

 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

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

 

 

 

By: /s/Andrew Hietala

Name: Andrew Hietala 
Title: Sr Corporate Relationship Manager 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

MUFG BANK, LTD., as a Lender

 

 

 

By: /s/Adrian Avalos

Name: Adrian Avalos
Title: Director

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

BOKF, NA DBA BOK FINANCIAL, as a Lender

 

 

 

By: /s/Christine A. Nowaczk

Name: Christine A. Nowaczyk
Title: Senior Vice President 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

U.S. BANK NATIONAL ASSOCIATION, as a Lender

 

 

 

By: /s/Aaron Sceva

Name: Aaron Sceva
Title: Vice President 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

TRUIST BANK (FORMERLY KNOWN AS BRANCH BANKING AND TRUST COMPANY), as a Lender

 

 

 

By: /s/Mark Bohntinsky

Name: Mark Bohntinsky
Title: Managing Director 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

COMERICA BANK, as a Lender

 

 

 

By: /s/Liz V Hulley 

Name: Liz V Hulley
Title: Vice President 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

 

LENDERS (CONT’D):

BANK OF AMERICA, N.A., as a Lender

 

 

 

By: /s/Carlos Gil

Name: Carlos Gil 
Title: Senior Vice President 

 

BANK OF AMERICA, N.A. (ACTING THROUGH ITS LONDON BRANCH), as a Lender

 

 

 

By: /s/Carlos Gil

Name: Carlos Gil 
Title: Senior Vice President 

 

[Insight – Signature Page to First Amendment to Credit Agreement]

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