Document:

ex10-1.htm

Exhibit 10.1

CONSULTING AGREEMENT

THE AGREEMENT is made and entered into as of this 25th day of April, 2016 by and between Code Rebel Corp hereinafter referred to as "Client" or “Company”, located at 77 Hookele Street #102, Kahului, Hawaii 96732 and SLD Capital Corp, a Pennsylvania Company with its principal place of business at 1220 Mirabeau Lane, Gladwyne, PA 19035, hereinafter referred to as "Consultant".

RECITALS

 

WHEREAS, the Consultant possesses skills, knowledge and qualifications beneficial to the Client.

WHEREAS, in the operation of Client’s business affairs, the Client is in need of the services which Consultant provides and wishes to enter into a business arrangement with Consultant to provide such services.

IN CONSIDERATION of the promises and mutual covenants hereby contained, it is hereby agreed as follows and will confirm the arrangements, terms and conditions pursuant to which Consultant has been retained to serve as a business consultant to Client on a nonexclusive basis as an independent contractor. The undersigned hereby agree to the following terms and conditions:

AGREEMENTS

	
  

	
1.

	
Terms of Contract. This Agreement will become effective April 25, 2016 and will continue in effect for a period of twelve (12) months unless earlier terminated pursuant to Section 4 of this Agreement.

	
  

	
2.

	
Services to be Performed by Independent Contractor/Consultant

	
  

	
2.1

	
Duties of Consultant. Consultant agrees to provide general business consulting to Client. The Consultant will provide such consulting services and advice pertaining to the Client’s business affairs as the Client may from time to time reasonably request. Per the Client’s request, the Consultant will provide Client with the benefits of its reasonable judgment and efforts regarding the following: corporate structures, general business policy, joint ventures, lines of credit, factoring facilities, strategic business planning, including alliance partnerships, acquisitions, and mergers.

 

	
  

	
2.2

	
Independent Contractor Status. It is the express intention of the parties that Consultant be an independent contractor and not an employee, agent, joint venture or partner of Client. Client shall have no right to and shall not control the manner or prescribe the method by which Consultant performs the above described services. Consultant shall be entirely and solely responsible for its own actions and the actions of its agents, employees or partners while engaged in the performance of services required by this Agreement. Nothing in this Agreement shall be interpreted or construed as creating or establishing the relationship of employer and employee between Client and Consultant or any employee or agent of Consultant. Both parties acknowledge that Consultant is not an employee for state or federal income tax purposes and Consultant specifically agrees that is shall be exclusively liable for the payment of all income taxes, or other state or Federal taxes that are due as a result of receipt of any consideration for the performance of services required by this Agreement. Consultant agrees that any such consideration is not subject to withholding by the Client for payment of any taxes and Consultant directs Client not to withhold any sums for the consideration paid to Consultant for the services provided hereunder. Consultant shall retain the right to perform services for others during the term of this Agreement. Nothing herein shall constitute Consultant as an employee or agent of the Client, except to such extent as might hereinafter be agreed, Consultant shall not have the authority to obligate or commit the Client in any matter whatsoever.

  

-1-

  

	 	2.3	
Use of Employees of Contractor. Consultant may, at its own expense, use any employees or subcontractors, as it deems necessary to perform the services required by Consultant by this Agreement. Client may not control, direct or supervise Consultant and/or its employees or subcontractors in the performance of those services.

 

	 	2.4	
Expense. Consultant shall bear out-of-pocket costs and expenses incident to performing the Consulting Services, without a right of reimbursement from the Client unless such expenses are pre-approved by the Client.

 

	 	2.5	
Available Time. Consultant shall make available such time as it, in its sole discretion, shall deem appropriate for the performance of its obligation under this Agreement.

 

	
3.

	Compensation.

  

 

	 	 3.1 	
Consideration. Client and Consultant agree that SLD Capital Corp shall receive Two Hundred Fifty Thousand (250,000) shares of restricted 144 common stock of Code Rebel Corp. The Two Hundred Fifty Thousand (250,000) shares shall be paid to SLD Capital Corp upon the signing of this agreement and shall be considered fully paid and non-assessable. Code Rebel Corp agrees that it shall provide the Client and Code Rebel Corp transfer agent with a 144 opinion letter for the resale of the Two Hundred Fifty Thousand restricted shares held by SLD Capital Corp within two weeks of receiving a request for legend removal, after the six month holding period. In addition to the above, SLD Capital Corp shall receive a warrant certificate to purchase Two Hundred Fifty Thousand (250,000) shares of Code Rebel Corp common stock. The warrants shall have a strike price of $2.25 per share and shall have an exercise period of five (5) years and may be exercised on a cashless basis. The Two Hundred Fifty Thousand (250,000) warrants shall be considered full paid and non-assessable upon the signing of this agreement.

 

	 	 3.2	Assignment and Termination. This Agreement shall not be assignable by any party.

 

	
4.

	
Termination Agreement

 

	 	 4.1	
Termination on Notice. Notwithstanding any other provisions of this Agreement, Client may terminate this Agreement at any time by giving seven (7) days written notice to the Consultant. Upon Consultant receiving 7 days written notification of termination of this Agreement by Client, it is to receive full payment for services and expenses as stated in item 2.4, 3.1 and 3.2 of this Agreement. Unless otherwise terminated as provided in this Agreement, this Agreement will continue in force for a period of twelve (12) months.

 

	 	 4.2	
Termination on Occurrence of Stated Event. This Agreement will terminate automatically on the occurrence of the following event:

 

	 	 (a) 

 (b)

	
bankruptcy or insolvency of Client

non-payment or performance as stated in this Agreement by Client

 

	
5.

	
Confidentiality. During the Term of this Agreement and thereafter, the Consultant shall keep confidential the Client’s trade secrets, information, ideas, knowledge and papers pertaining to the affairs of the Client. Without limiting the generality of the foregoing, such trade secrets shall include: the identity of the Client's customers, suppliers and prospective customers and suppliers; the identity of the Client’s creditors and other sources of financing; the Client's estimating and costing procedures and the cost and gross prices charged by the Client for its products; the prices or other consideration charged to or required of the Client by any of its suppliers or potential suppliers; the Client's sales and promotional policies; and all information relating to entertainment programs or properties being produced or otherwise developed by the Client. The Consultant shall not reveal said trade secretes to others except in the proper exercise of its duties for the Client, or use their knowledge thereof in any way that would be detrimental to the interest of the Client, unless compelled to disclose such information by judicial or administrative process; provided, however, that the divulging of information shall not be a breach of this Agreement to the extent that such information was (i) previously known by the party to which it is divulged, (ii) already in the public domain, all through no fault of the Consultant, or (iii) required to be disclosed by Consultant pursuant to judicial or governmental order. The Consultant shall also treat all information pertaining to the affairs of the Client's suppliers and customers and prospective customers and suppliers as confidential trade secrets of such customers and suppliers and prospective customers.

  

-2-

  

  

6. Consultant's Liability. In the absence of gross negligence or willful misconduct on the part of the Consultant or the Consultant's breach of any terms of this Agreement, the Consultant shall not be liable to the Client or to any officer, director, employee, stockholder or creditor of the Client, for any act or omission in the course of or in connection with the rendering or providing of services hereunder. Except in those cases where the gross negligence or willful misconduct of the Consultant or the breach by the Consultant of any terms of this Agreement is alleged and proven, the Client agrees to defend, indemnify, and hold the Consultant harmless from and against any and all reasonable costs, expenses and liability (including reasonable attorney's fees paid in the defense of the Consultant) which may in any way result from services rendered by the Consultant pursuant to or in any connection with this Agreement. This indemnification expressly excludes any and all damages as a result of any actions or statements, on behalf of the Client, made by the Consultant without the prior approval or authorization of the Client.

7. Client's Liability. The Consultant agrees to defend, indemnify, and hold the Client harmless from and against any and all reasonable costs, expenses and liability (including reasonable attorney's fees paid in defense of the Client) which may in any way result pursuant to its gross negligence or willful misconduct or in any connection with any actions taken or statements made, on behalf of the Client, without the prior approval or authorization of the Client or which are otherwise in violation of applicable law.

8. Entire Agreement. This Agreement embodies the entire agreement and understanding between the Client and the Consultant and supersedes any and all negotiations, prior discussions and preliminary and prior agreements and understandings related to the primary subject matter hereof. This Agreement shall not be modified except by written instrument duly executed by each of the parties hereto.

9. Waiver. No waiver of any of the provisions of this Agreement shall be deemed, or shall constitute a waiver of any other provisions, nor shall any waiver constitute a continuing wavier. No waiver shall be binding unless executed in writing by the party making the waiver.

10. Assignment and Binding Effect. This Agreement and the rights hereunder may not be assigned by the parties (except by operation of law, merger, consolidation, and sale of assets) and shall be binding upon and inure to the benefit of the parties and their respective successors, assigns and legal representatives.

11. Severability. Every provision of this Agreement is intended to be severable. If any term or provision hereof is deemed unlawful or invalid for any reason whatsoever, such unlawfulness or invalidity shall not affect the validity of this Agreement.

12. Governing Law. This Agreement shall be construed and interpreted in accordance with the laws of the State of Pennsylvania. Any litigation arising hereunder shall be initiated only in the state of Pennsylvania. The prevailing party shall be entitled to recover its attorney’s fees and costs. This Agreement shall not be construed against either party hereto in the event of any ambiguities

13. Headings. The headings of this Agreement are inserted solely for the convenience of reference and are not part of, and are not intended to govern, limit or aid in the construction of any term or provision hereof.

14. Further Acts. Each party agrees to perform any further acts and execute and deliver any further documents that may be reasonably necessary to carry out the provisions and intent of this Agreement.

15. Acknowledgment Concerning Counsel. Each party acknowledges that it had the opportunity to employ separate and independent counsel of its own choosing in connection with this Agreement.

16. Independent Contractor Status. There is no relationship, partnership, agency, employment, franchise or joint venture between the parties. The parties have no authority to bind the other or incur any obligations on their behalf.

  

-3-

  

  

17. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first written above.

CODE REBEL CORP

BY: /s/ Arben Kryeziu DATE: April 25, 2016

Arben Kryeziu, CEO

SLD CAPITAL CORP

BY: /s/ Steven Rosner DATE: April 25, 2016

Steven Rosner, President

-4-Exhibit

Exhibit 10.1

SECOND AMENDMENT TO CREDIT AGREEMENT

Dated as of March 18, 2016

This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is by and among JOHN BEAN TECHNOLOGIES CORPORATION, a Delaware corporation (the “Company”), JOHN BEAN TECHNOLOGIES B.V. (the “Dutch Borrower” and, collectively with the Company, the “Borrowers”), the Lenders party hereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”).

PRELIMINARY STATEMENTS

WHEREAS, the Borrowers, the lenders party thereto (the “Lenders”) and the Administrative Agent entered into that certain Credit Agreement dated as of February 10, 2015 (as amended by the First Amendment dated as of September 15, 2015, as amended hereby and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and

WHEREAS, the Borrowers have requested that the Administrative Agent and the Lenders agree to (i) increase the Commitments by an aggregate principal amount of $150,000,000 pursuant to Section 2.20 of the Credit Agreement (the “Revolver Increase”) and (ii) amend the Credit Agreement as specifically set forth herein and, subject to the terms of this Amendment, the Administrative Agent and the Lenders party hereto have agreed to grant such requests.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:

Section 1.Capitalized Terms.  All capitalized terms not otherwise defined in this Amendment (including without limitation in the introductory paragraph and the Preliminary Statements hereto) shall have the meanings as specified in the Credit Agreement.

Section 2.Increase in Commitments.

(a)In connection with this Amendment, the Increasing Lenders have agreed to increase their respective Commitments to the applicable amount set forth in Annex A hereto.  For purposes of Section 2.20 of the Credit Agreement, this Amendment shall constitute an Increasing Lender Supplement in the form of Exhibit B to the Credit Agreement.

(b)On the Effective Date (as defined below), (i) each relevant Increasing Lender shall make available to the Administrative Agent such amounts in immediately available funds as the Administrative Agent shall determine, for the benefit of the other Lenders, as being required in order to cause, after giving effect to the Revolver Increase and the use of such amounts to make payments to such other Lenders, each Lender’s portion of the outstanding Revolving Loans of all the Lenders to equal its Applicable Percentage of such outstanding Revolving Loans, and (ii) the Administrative Agent shall reallocate the outstanding Revolving Loans and Applicable Percentages of Swingline Loans and LC Exposure among the Lenders in accordance with their revised Applicable Percentages.

Section 3.Amendments to Credit Agreement.  Subject to and in accordance with the terms and conditions set forth herein, the Administrative Agent and the Lenders party hereto hereby agree to amend the Credit Agreement as follows:

(a)To amend Section 1.01 to add the following defined terms in 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 credit institution or investment firm 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.

“Second Amendment Effective Date” means March 18, 2016.

“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.”

(b)To amend the defined term “Aggregate Commitment” by replacing the last sentence thereof in its entirety with the following:

“As of the Second Amendment Effective Date, the Aggregate Commitment is $600,000,000.”

(c)To amend the defined term “Defaulting Lender” by replacing clause (d) thereof in its entirety with the following:

“(d) has become the subject of a Bankruptcy Event or a Bail-In Action.”

(d)To amend the defined term “Issuing Bank” by replacing the proviso in the first sentence thereof in its entirety with the following:

“provided that the maximum amount available to be drawn under Letters of Credit Issued and outstanding by (i) JPMorgan Chase Bank, N.A. shall not exceed $12,500,000, (ii) Citibank, N.A. shall not exceed $50,000,000, (iii) U.S. Bank National Association shall not exceed $10,000,000 and (iv) Wells Fargo and any other Lender that becomes an Issuing Bank pursuant to the foregoing clause (e) shall not exceed $20,000,000”

(e)To amend Section 2.20 by replacing the first sentence thereof in its entirety with the following:

“The Company may from time to time elect to increase the Commitments or enter into one or more tranches of term loans (each an “Incremental Term Loan”), in each case in a minimum amount of $20,000,000 and in integral multiples of $5,000,000 in excess thereof so long as, after giving effect 

thereto, the aggregate amount of such increases and all such Incremental Term Loans, in each case incurred after the Second Amendment Effective Date, does not exceed $250,000,000; provided that no more than $150,000,000 of such amount may be used to further increase the Commitments.”

(f)To amend Section 5.01(e) to (i) replace the reference therein to “month” with “quarter” and (ii) delete the reference to “and consolidating” from the parenthetical therein.

(g)To amend Section 6.04 by updating the lettering of existing clauses (a) through (j) as follows:

“(a)    Permitted Investments;

(b)    Permitted Acquisitions (including any intercompany investments, loans and advances used to consummate Permitted Acquisitions);

(c)  (i) investments by the Company and its Subsidiaries existing on the date hereof in the capital stock of its Subsidiaries and (ii) investments, loans and advances by the Company or any Subsidiary in and to any Subsidiary to the extent existing on the date hereof and set forth in Schedule 6.04, and in each case under this clause (c), extensions, renewals and replacements thereof that do not increase the outstanding amount thereof;

(d)    investments, loans or advances made by the Company in or to any Subsidiary and made by any Subsidiary in or to the Company or any other Subsidiary (provided that not more than an aggregate amount of $60,000,000 in investments, loans or advances or capital contributions (exclusive of those permitted elsewhere in this Section 6.04) may be outstanding, at any time, by Loan Parties to Subsidiaries which are not Loan Parties);

(e)    Indebtedness permitted by Section 6.01 and Guarantees constituting Indebtedness permitted by Section 6.01;

(f)    investments in securities of account debtors received pursuant to settlements thereof in the ordinary course of business or  pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of such account debtors;

(g)    loans and investments that could otherwise be made as a permitted Restricted Payment under Section 6.07;

(h)    investments solely to the extent such investments reflect an accretive increase in the value of the original amount of such investments;

(i)  (A) travel and moving advances given to employees and directors in the ordinary course of business and (B) other emergency or special circumstance advances given to employees not to exceed in the case of (A) and (B) taken together $5,000,000 in the aggregate outstanding at any time;

(j)    the non-cash portion of consideration received in connection with dispositions permitted under Section 6.03;

(k)    investments, loans and advances in Captive Finance Subsidiaries in an aggregate amount not to exceed $25,000,000 at any time outstanding; and

(l)    any other investment, loan or advance (other than acquisitions) so long as the aggregate outstanding amount of all such investments, loans and advances does not exceed, when taken together with Restricted Payments made pursuant to Section 6.07(h), seven-and-one-half percent (7.5%) of Consolidated Total Tangible Assets (calculated as of the end of the immediately preceding fiscal quarter 

of the Company for which the Company’s financial statements were most recently delivered pursuant to Section 5.01(a) or Section 5.01(b) or, if prior to the date of the delivery of the first financial statements to be delivered pursuant to Section 5.01(a) or Section 5.01(b), the most recent financial statements referred to in Section 3.04(a)) at any time outstanding.”

(h)To amend Section 6.07 by changing the reference in clause (h) thereof from “Section 6.04(j)” to “Section 6.04(l)”.

(i)To add a new Section 9.18 at the end of Article IX as follows:

“SECTION 9.18  Acknowledgment 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, to the extent such liability is unsecured, 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 undertaking, 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.

(j)To amend Schedule 1.01 (Commitments) in its entirety as set forth on Annex A hereto.

(k)To amend Exhibit E (Form of Compliance Certificate) by replacing the references to “6.04(j)” set forth in paragraph 6 thereof and in lines D and D(1) of Schedule 2 thereto with “6.04(l)”.

Section 4.Conditions of Effectiveness.  The effectiveness of the increase in the Commitments in Section 2 and the amendments in Section 3 shall be subject to the satisfaction of each of the following conditions precedent (such date of effectiveness, the “Effective Date”):

(a)the Administrative Agent shall have received the following, each in form and substance reasonably satisfactory to the Administrative Agent:

(i)counterparts of this Amendment executed by each Borrower, each other Loan Party, the Administrative Agent, the Required Lenders and each Increasing Lender;

(ii)a promissory note executed by the Company in favor of each Increasing Lender that has requested a promissory note at least two (2) Business Days in advance of the Effective Date;

(iii)a certificate of the Company and each Subsidiary Guarantor that is a Domestic Subsidiary certifying that attached thereto is a true, correct and complete copy of resolutions duly adopted by the board of directors (or other governing body) of such Person authorizing and approving the transactions contemplated hereunder and the execution, delivery and performance of this Amendment;

(iv)a certificate executed by a Financial Officer of the Company that the conditions set forth in paragraphs (a) and (b) of Section 4.02 of the Credit Agreement have been satisfied on such date;

(b)the representations and warranties of the Loan Parties contained in Section 5 shall be true and correct;

(c)all fees of the Lead Arrangers and the Increasing Lenders as set forth in those separate letter agreements dated as of February 26, 2016, shall have been paid by the Company; and

(d)all reasonable out-of-pocket costs and expenses incurred by the Administrative Agent as of the date hereof in connection with the preparation, negotiation, execution and delivery of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees, charges and disbursements of legal counsel for the Administrative Agent in connection with the preparation, negotiation, execution and delivery of this Amendment) shall have been paid by the Company.

Section 5.Representations and Warranties of the Loan Parties.  Each Loan Party represents and warrants as follows:

(a)The execution, delivery and performance by such Loan Party of its obligations in connection with this Amendment are within its corporate (or other organizational) powers, have been duly authorized by all necessary corporate (or other organizational) action and do not and will not (i) violate any provision of its articles or certificate of incorporation or bylaws or similar organizing or governing documents of such Loan Party, (ii) contravene any applicable law which is applicable to such Loan Party or (iii) conflict with, result in a breach of or constitute (with notice, lapse of time or both) a default under any material indenture or instrument or other material agreement to which such Loan Party is a party, by which it or any of its properties is bound or to which it is subject, except, in the case of clauses (ii) and (iii) above, to the extent such contraventions, conflicts, breaches or defaults could not reasonably be expected to have a Material Adverse Effect.

(b)Such Loan Party has taken all necessary corporate (or other organizational) action to execute, deliver and perform this Amendment and has validly executed and delivered this Amendment.  This Amendment constitutes a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto 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.

(c)No material consent, approval, authorization or other action by, notice to, or registration or filing with, any Governmental Authority or other Person is or will be required as a condition to or otherwise in connection with the due execution, delivery and performance by such Loan Party of this Amendment, except such as have been obtained or made and are in full force and effect.

(d)After giving effect to this Amendment, the representations and warranties contained in each of the Loan Documents are true and correct in all material respects on and as of the date hereof as though made on and as of such date (other than any such representations or warranties that, by their terms, refer to a specific date, in which case as of such specific date).

(e)No Default or Event of Default shall exist after giving effect to this Amendment.

(f)Neither the Dutch Borrower nor any Subsidiary Guarantor that is a Foreign Subsidiary is an EEA Financial Institution.

Section 6.Reference to and Effect on the Loan Documents.  On and after the effectiveness of this Amendment, 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 each of 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 Credit Agreement, as amended by this Amendment and this Amendment shall constitute a Loan Document.

(a)The Credit Agreement and each of the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.

(b)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 any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any other provision of any of the Loan Documents.

Section 7.Reaffirmations.  Each Loan Party (a) consents to this Amendment and agrees that the transactions contemplated by this Amendment shall not limit or diminish the obligations of such Person, or release such Person from any obligations, under any of the Loan Documents to which it is a party, (b) confirms and reaffirms its obligations under each of the Loan Documents to which it is a party and (c) agrees that each of the Loan Documents to which it is a party remain in full force and effect and are hereby ratified and confirmed.

Section 8.Execution in Counterparts.  This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Amendment.

Section 9.Governing Law.  This Amendment and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Amendment and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance with, the law of the State of New York.

Section 10.Entire Agreement.  This Amendment and the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent, the Issuing Bank, the Swingline Lender and/or the Lead Arrangers, constitute the entire agreement 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.

[Signature Pages Follow]

ANNEX A

SCHEDULE 2.01

COMMITMENTS
(as of the Second Amendment Effective Date)

	
		
	LENDER
	COMMITMENT

	 
	 

	Wells Fargo Bank, National Association
	$74,000,000.00

	 
	 

	Bank of America, N.A.
	$74,000,000.00

	 
	 

	JPMorgan Chase Bank, N.A.
	$74,000,000.00

	 
	 

	PNC Bank, National Association
	$61,500,000.00

	 
	 

	U.S. Bank National Association
	$61,500,000.00

	 
	 

	BMO Harris Bank, N.A.
	$51,000,000.00

	 
	 

	Citibank, N.A.
	$40,000,000.00

	 
	 

	MUFG Union Bank, N.A.
	$40,000,000.00

	 
	 

	The Northern Trust Company
	$34,000,000.00

	 
	 

	HSBC Bank USA, National Association
	$30,000,000.00

	 
	 

	Cooperatieve Rabobank U.A., New York Branch
	$30,000,000.00

	 
	 

	The Royal Bank of Canada
	$30,000,000.00

	 
	 

	 
	 

	Aggregate Commitment
	$600,000,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}]]