Document:

EX-10.1.9

 Exhibit 10.1.9 

Execution Version 

INCREMENTAL AMENDMENT NO. 9 

INCREMENTAL AMENDMENT NO. 9, dated as of March 20, 2019 (this “Amendment”), by and among KUEHG CORP., a
Delaware corporation (“KUEHG”), KC SUB INC., a Delaware corporation (“KC Sub” and, together with KUEHG, the “Borrowers”), KC HOLDCO, LLC, a Delaware limited
liability company (“Holdco”), the Incremental Revolving Lenders party hereto (collectively, the “Amendment No. 9 Incremental Revolving Lenders”), each Issuing Bank and
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH (“Credit Suisse AG”), in its capacity as the Administrative Agent under the Credit Agreement (as defined below), which amends that certain First Lien Credit Agreement dated as of
August 13, 2015 (as amended, supplemented, amended and restated or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”) among the Borrowers, Holdco, each Lender from time to time party
thereto and Credit Suisse AG, as Administrative Agent, Collateral Agent, and Issuing Bank. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

WHEREAS, the Borrowers have requested Incremental Revolving Commitments pursuant to Section 2.20(a) of the Credit Agreement in an
aggregate principal amount of $20,000,000 (the “New Revolving Commitments”), which New Revolving Commitments will be available on the Amendment No. 9 Effective Date and constitute Incremental Revolving
Commitments under the Credit Agreement (with the Loans thereunder constituting Incremental Revolving Loans); 
 WHEREAS, each
Amendment No. 9 Incremental Revolving Lender has agreed to provide New Revolving Commitments in the amount set forth opposite its name on Schedule 2.01(c) hereto; and 

WHEREAS, this Amendment shall constitute an Incremental Facility Amendment as set forth in Section 2.20(d) of the Credit
Agreement. 
 NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

Section 1.    New Revolving Commitments. 

(a)    Subject to the satisfaction of the conditions in Section 4 hereof, each Amendment
No. 9 Incremental Revolving Lender agrees to provide the New Revolving Commitment set forth on Schedule 2.01(c) hereto. The New Revolving Commitments provided pursuant to this Amendment and the Revolving Loans thereunder shall be subject
to all of the terms in the Credit Agreement and to the conditions set forth in the Credit Agreement, and shall be entitled to all the benefits afforded by the Credit Agreement and the other Loan Documents, and shall, without limiting the foregoing,
benefit equally and ratably from the Guarantees and security interests created by the Security Documents. Each Amendment No. 9 Incremental Revolving Lender, the Borrowers and the Administrative Agent acknowledge and agree that the New Revolving
Commitments provided pursuant to this Amendment shall constitute Incremental Revolving Commitments for all purposes of the Credit Agreement and the other applicable Loan Documents. Pursuant to Section 2.20(c) of the Credit Agreement, the New
Revolving Commitments shall be an increase to the Extended Tranche 1 U.S. Revolving Commitments for all purposes under the Credit Agreement and each of the other Loan Documents and shall have terms identical to the existing Extended Tranche 1 U.S.
Revolving Facility under the Credit 

 
Agreement immediately prior to the date hereof (but giving effect to any amendments hereunder). Upon (i) the execution of a counterpart of this Amendment by each Amendment No. 9 Incremental
Revolving Lender, the Administrative Agent and the Borrowers and (ii) the delivery to the Administrative Agent of a fully executed counterpart (including by way of telecopy or other electronic transmission) hereof, each of the undersigned
Amendment No. 9 Incremental Revolving Lenders shall become Lenders under the Credit Agreement and shall have the respective New Revolving Commitment set forth on Schedule 2.01(c) hereto, effective as of the Amendment No. 9 Effective
Date. 
 (b)    Each Amendment No. 9 Incremental Revolving Lender (i) confirms that it has received a copy of
the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into
this Amendment; (ii) agrees that it will, independently and without reliance upon the Administrative Agent, the Joint Lead Arrangers or any other Amendment No. 9 Incremental Revolving Lender or any other Lender or Agent and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes the Administrative Agent to take such action
as agent on its behalf and to exercise such powers and discretion under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably
incidental thereto; and (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender. 

(c)    The reallocation of the Lenders’ Revolving Loans contemplated by Section 2.20(e) of the Credit Agreement
with respect to any increase in the Revolving Commitments shall occur with respect to the New Revolving Commitments contemplated hereby on the Amendment No. 9 Effective Date, and the Amendment No. 9 Incremental Revolving Lenders shall make
such Incremental Revolving Loans on the Amendment No. 9 Effective Date as may be required to effectuate such reallocation. Furthermore, on the Amendment No. 9 Effective Date, all participations in Letters of Credit shall be reallocated pro
rata among the Revolving Lenders after giving effect to the New Revolving Commitments contemplated hereby. 

Section 2.    Amendments to the Credit Agreement. Effective as of the Amendment No. 9 Effective Date, the
Credit Agreement is hereby amended as follows: 
 (a)    The following defined terms shall be added to Section 1.01
of the Credit Agreement in alphabetical order: 
 “Amendment No. 9” means Incremental
Amendment No. 9 to the Credit Agreement dated as of the Amendment No. 9 Effective Date. 
 “Amendment
No. 9 Effective Date” has the meaning assigned to such term in Amendment No. 9. 

“Amendment No. 9 Incremental Revolving Lender” means each Incremental Revolving Lender providing
an Incremental Revolving Commitment to the Borrowers pursuant to Amendment No. 9. 

  
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 (b)    The definition of “Incremental Revolving Commitment” in
Section 1.01 of the Credit Agreement is hereby amended by deleting the last sentence and replacing it with the following sentence: 

The aggregate principal amount of the Incremental Revolving Commitments on the Amendment No. 9 Effective Date is $40,000,000. 

(c)    The definition of “Loan Documents” in Section 1.01 of the Credit Agreement is hereby amended and
restated in its entirety to read as follows: 
 “Loan Documents” means this Agreement, each
Incremental Facility Amendment, each Refinancing Amendment, the Holdco Guaranty, the Subsidiary Guaranty, the Security Documents, Amendment No. 1, the Amendment No. 1 Joinder, Amendment No. 2, Amendment No. 3, the Amendment
No. 3 Joinder, Amendment No. 4, each Amendment No. 4 Joinder, Amendment No. 5, the Amendment No. 5 Joinder, Amendment No.6, each Amendment No.6 Joinder, Amendment No.7, Amendment No. 8 and Amendment No.9. 

(d)    The definitions of “Initial Revolving Loans” and “Initial Term Loans”, in Section 1.01 of
the Credit Agreement are hereby amended by deleting “Section 2.01(t)” in each definition and replacing it with “Section 2.01(r)”. 

(e)    The definition of “Extended Tranche 1 Multicurrency Revolving Loan” in Section 1.01 of the Credit
Agreement is hereby amended and restated in its entirety to read as follows: 
 “Extended Tranche 1
Multicurrency Revolving Loan” means a Loan made pursuant to clause (b) of Section 2.01(r) in respect of an Extended Tranche 1 Multicurrency Revolving Commitment. 

(f)    The definition of “Extended Tranche 1 U.S. Revolving Loan” in Section 1.01 of the Credit Agreement is
hereby amended and restated in its entirety to read as follows: 
 “Extended Tranche 1 U.S. Revolving
Loan” means a Loan made pursuant to clause (c) of Section 2.01(r) in respect of an Extended Tranche 1 U.S. Revolving Commitment. 

(g)    The definition of “Extended Tranche 1 U.S. Revolving Commitment” in Section 1.01 of the Credit
Agreement is hereby amended by adding the following as the last sentence of such definition: 
 The aggregate principal amount of the
Lenders’ Extended Tranche 1 U.S. Revolving Commitments on the Amendment No. 9 Effective Date is $90,000,000. 

(h)    The definition of “Multicurrency Revolving Loan” in Section 1.01 of the Credit Agreement is hereby
amended by deleting such definition and replacing it with the following: 
 “Multicurrency Revolving
Loan” means a Non-Extended Multicurrency Revolving Loan and/or an Extended Tranche 1 Multicurrency Revolving Loan, as the context requires. 

  
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 (i)    The definition of
“Non-Extended Multicurrency Revolving Loan” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“Non-Extended Multicurrency Revolving Loan” means a Loan
made pursuant to clause (b) of Section 2.01(r) in respect of an Non-Extended Multicurrency Revolving Commitment. 

(j)    The definition of “Non-Extended U.S. Revolving Loan” in
Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“Non-Extended U.S. Revolving Loan” means a Loan made
pursuant to clause (c) of Section 2.01(r) in respect of an Non-Extended U.S. Revolving Commitment. 

(k)    Section 2.01 of the Credit Agreement is hereby amended by renumbering paragraphs (s), (t), (u), (v), (w), (x),
(y) and (z) as paragraphs (r), (s), (t), (u), (v), (w), (x) and (y), respectively, and adding the following paragraph (z) to such Section: 

(z)    (A)(i) Subject to the terms and conditions hereof and of Amendment No. 9, each Amendment No. 9
Incremental Revolving Lender severally and not jointly agrees to provide Incremental Revolving Commitments to the Borrowers on the Amendment No. 9 Effective Date in the principal amount equal to its Incremental Revolving Commitment on the Amendment
No. 9 Effective Date, it being understood that such Incremental Revolving Loans shall be made (and funded) to the Existing Borrower or the Incremental Borrower in the sole discretion of the Existing Borrower and the Incremental Borrower. 

(ii)    The Incremental Revolving Commitments established on the Amendment No. 9 Effective Date shall have the same
terms as the Extended Tranche 1 U.S. Revolving Commitments as set forth in the Credit Agreement and Loan Documents as in effect before giving effect to Amendment No. 9, except as modified by Amendment No. 9; it being understood that the
Incremental Revolving Commitments (and all principal, interest and other amounts in respect thereof) will constitute “Obligations” under the Credit Agreement and the other Loan Documents and shall have the same rights and obligations under
the Credit Agreement and Loan Documents as the Extended Tranche 1 U.S. Revolving Commitments prior to the Amendment No. 9 Effective Date. 

(l)    Schedule 2.01(c) of the Credit Agreement is hereby amended by adding thereto the New Revolving Commitments
hereunder of the Amendment No. 9 Incremental Revolving Lenders party hereto as set forth on Schedule 2.01(c) hereto. 

Section 3.    Representations and Warranties. The Borrowers represent and warrant to the Lenders as of the
Amendment No. 9 Effective Date that: 
 (a)     immediately before and after giving effect to this Amendment, the
representations and warranties of the Borrower and each other Loan Party contained in Article III of the Credit Agreement or any other Loan Document shall be true and correct in all material 

  
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respects on and as of the date of such Credit Event (or true and correct in all material respects as of a specified date, if earlier), except that for purposes of this
Section 3, the representations and warranties contained in Section 3.04(a) of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished prior to the Amendment No. 9 Effective
Date or pursuant to Section 5.01(a) and Section 5.01(b) of the Credit Agreement. 
 (b)    at the time of and
after giving effect to this Amendment, no Event of Default has occurred and is continuing. 

Section 4.    Conditions to Effectiveness. This Amendment shall become effective on the date (the
“Amendment No. 9 Effective Date”) on which each of the following conditions is satisfied (or waived by the Amendment No. 9 Incremental Revolving Lenders): 

(a)    The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles or
electronic copies unless otherwise specified: 
 (1)    counterparts of this Amendment executed by each Borrower,
Holdco, each Issuing Bank and each Amendment No. 9 Incremental Revolving Lender; 
 (2)    a Note executed by each
Borrower in favor of each Amendment No. 9 Incremental Revolving Lender requesting a Note at least two (2) Business Days prior to the Amendment No. 9 Effective Date, if any; 

(3)    counterparts of a guarantor consent and reaffirmation executed by each Guarantor; 

(4)    a written opinion (addressed to the Administrative Agent and the Amendment No. 9 Incremental Revolving
Lenders and dated the Amendment No. 9 Effective Date) of Goodwin Procter LLP, New York counsel for the Loan Parties; 

(5)    (i) a copy of each Organizational Document of the Borrowers and the Guarantors certified as of a recent date by an
appropriate governmental official or a Responsible Officer of the applicable Loan Party (or a certificate signed by a Responsible Officer of the applicable Loan Party certifying that the Organizational Documents of such Loan Party have not been
amended or otherwise modified since the Amendment No. 8 Effective Date); (ii) signature and incumbency certificates of the Responsible Officers of each Person that is a Loan Party on the Amendment No. 9 Effective Date executing a Loan
Document on the Amendment No. 9 Effective Date; (iii) resolutions of the board of directors or similar governing body of each Person that is a Loan Party on the Amendment No. 9 Effective Date approving and authorizing the execution,
delivery and performance of this Amendment and the other Loan Documents by such Loan Party, certified as of the Amendment No. 9 Effective Date by a Responsible Officer of such Loan Party as being in full force and effect without modification or
amendment; and (iv) a good standing certificate (to the extent such concept is known in the relevant jurisdiction) for each Person that is a Loan Party on the Amendment No. 9 Effective Date from the applicable Governmental Authority in
such Person’s jurisdiction of incorporation, organization or formation dated a recent date prior to the Amendment No. 9 Effective Date; and 

(6)    a certificate signed by the Borrowers certifying as to the satisfaction of the conditions set forth in paragraph
(d) of this Section 4 and that the New Revolving Commitments meet the requirements and conditions applicable thereto set forth in Section 2.20 of the Credit Agreement. 

  
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 (7)    A certificate signed by the Borrowers certifying that, after
giving effect to the application of the proceeds of such Indebtedness under Amendment No. 9, the Borrowers and their respective Subsidiaries, when taken as a whole, are Solvent, and otherwise substantially in the form of Exhibit C to the Credit
Agreement; 
 (b)    To the extent requested in writing at least ten (10) Business Days prior to the first date on
which each of the other conditions set forth in this Section 4 (other than the condition set forth in paragraph (i) below) has been satisfied (or waived by the Amendment No. 9 incremental Revolving Lenders), (i) the
Administrative Agent shall have received, at least three (3) Business Days prior to such date, all documentation and other information about the Borrowers and the Guarantors required under applicable “know your customer” and
anti-money laundering rules and regulations, including the Patriot Act and (ii) each Amendment No. 9 Incremental Revolving Lender party hereto shall have received, at least three (3) Business Days prior to such date, a certification
regarding beneficial ownership required by 31 C.F.R. § 1010.230. 
 (c)    The Borrowers shall have paid (or caused
to be paid) all fees and expenses due to the Amendment No. 9 Incremental Revolving Lenders under that certain fee letter dated as of the date hereof by and among KUEHG and the Amendment No. 9 Incremental Revolving Lenders (the “Fee
Letter”) and required to be paid on the Amendment No. 9 Effective Date, to the extent invoiced at least three (3) Business Days prior to the first date on which each of the other conditions set forth in this
Section 4 (other than the condition set forth in paragraph (b) above) has been satisfied (or waived by the Amendment No. 9 Incremental Revolving Lenders); provided that any such fees and expenses may be
offset against the proceeds of the Incremental Term Loans borrowed on the Amendment No. 9 Effective Date. 

(d)    As of the Amendment No. 9 Effective Date, the representations and warranties contained in
Section 3 shall be true and correct in all material respects. 
 (e)    No Event of Default
shall exist, or would result from this Amendment. 
 The Administrative Agent shall notify the Borrowers and the Amendment No. 9 Incremental Revolving
Lenders of the Amendment No. 9 Effective Date and such notice shall be conclusive and binding. 

Section 5.    Fees and Expenses. Other than as set forth herein, the Borrowers agree to (i) reimburse the
Administrative Agent for all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent as and when required by Section 9.03 of the
Credit Agreement and (ii) to pay any fees payable under the Fee Letter that may become due after the Amendment No. 9 Effective Date pursuant to the terms of the Fee Letter. 

Section 6.    Counterparts. This Amendment may be executed in any number of counterparts and by different
parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature
page of this Amendment by facsimile transmission or electronic transmission shall be effective as delivery of a manually executed counterpart hereof. The words “execution,” “signed,” “signature,” “delivery”
and words of the like import in or relating to any document to be signed in connection with this Amendment and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic
form, each of which shall be of the same legal effect, validity or enforceability as a manually executed 

  
 6 

 
signature, physical delivery thereof or the use of a paper based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including Federal Electronic
Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act or any other similar state laws based on the Uniform Electronic Transactions Act. “Electronic Signature” means an electronic sound,
symbol, or process attached to, or associated with, a contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or record. 

Section 7.    Governing Law and Waiver of Right to Trial by Jury. THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. The jurisdiction and waiver of right to trial by jury provisions in Sections 9.09 and 9.10 of the Credit Agreement are incorporated herein by reference mutatis mutandis. 

Section 8.    Headings. The headings of this Amendment are for purposes of reference only and shall not limit
or otherwise affect the meaning hereof. 
 Section 9.    Effect of Amendment. 

(a)    On and after the date hereof, 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’, “thereunder”, “thereof’ or words
of like import referring to the Credit Agreement, mean and are a reference to the Credit Agreement as modified by this Amendment. This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and
applied in accordance with the terms and provisions thereof. 
 (b)    The Credit Agreement, as specifically amended by
this Amendment, and each of the other Loan Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Security Documents and all of the
Collateral described therein do and shall continue to secure the payment of all of the respective Obligations of Holdco and the Borrowers under the Loan Documents, in each case as the Credit Agreement is amended by this Amendment. 

(c)    The execution, delivery and effectiveness of this Amendment does 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 provision of any of the Loan Documents and nothing herein can or may be construed as a novation of the
Credit Agreement or any other Loan Document. 
 [Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed
as of the date first above written. 
  

			
	KUEHG CORP.
		
	 By:
  
	 	 /s/ Paul D. Thompson

	Name:	 	Paul D. Thompson
	Title:	 	Executive Vice President and Chief Financial Officer
	
	KC SUB, INC.
		
	 By:
  
	 	 /s/ Paul D. Thompson

	Name:	 	Paul D. Thompson
	Title:	 	Executive Vice President and Chief Financial Officer
	
	KC HOLDCO, LLC
		
	 By:
  
	 	 /s/ Paul D. Thompson

	Name:	 	Paul D. Thompson
	Title:	 	Executive Vice President and Chief Financial Officer

  
 [Signature Page to
Incremental Amendment No. 9] 

 
					
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as an Issuing Bank and the Administrative Agent
		
	 By:
  
	 	 /s/ Mikhail Faybusovich

		 	Name:	 	Mikhail Faybusovich
		 	Title:	 	Authorized Signatory
		
	 By:
  
	 	 /s/ Andrew Griffin

		 	Name:	 	Andrew Griffin
		 	Title:	 	Authorized Signatory

  
 [Signature Page to
Incremental Amendment No. 9] 

 
					
	 BARCLAYS BANK PLC, as an Amendment No. 9

Incremental Revolving Lender and an issuing Bank

		
	 By:
  
	 	 /s/ Craig Malloy

		 	Name:	 	Craig Malloy
		 	Title:	 	Director

  
 [Signature Page to
Incremental Amendment No. 9] 

 
					
	BANK OF MONTREAL, as an Amendment No. 9 Incremental Revolving Lender and an Issuing Bank
		
	 By:
  
	 	 /s/ Naghmeh Hashemifard

		 	Name:	 	Naghmeh Hashemifard
		 	Title:	 	Managing Director

  
 [Signature Page to
Incremental Amendment No. 9] 

 SCHEDULE 2.01(C) 

New Revolving Commitments 

I 
  

					
	 Amendment No. 9 Incremental Revolving

Lender               
                                         
  
	  	New Revolving Commitment	 
	 Barclays Bank PLC
	  	$	10,000,000	 
	 Bank of Montreal
	  	$	10,000,000	 
		  	  
	  
	 
	 Total
	  	$	20,000,000EX-10.1.10

 Exhibit 10.1.10 

Execution Version 

AMENDMENT NO. 10 TO FIRST LIEN CREDIT AGREEMENT 

AMENDMENT NO. 10 TO FIRST LIEN CREDIT AGREEMENT, dated as of June 12, 2020 (this “Amendment”), by and among KUEHG CORP.,
a Delaware limited liability company (“KUEHG”), KC SUB, INC., a Delaware corporation (“KC Sub” and together with KUEHG, the “Borrowers”), KC HOLDCO, LLC, a Delaware limited liability company
(“Holdco”), the other Loan Parties party hereto, the Lenders party hereto and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent (in such capacity, the “Administrative Agent”), which amends that
certain First Lien Credit Agreement dated as of August 13, 2015 (as amended from time to time prior to the date hereof and as further amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit
Agreement”) among the Borrowers, Holdco, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), the Administrative Agent and Collateral Agent, and the other
parties thereto. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

WHEREAS, pursuant to Section 6.12 of the Credit Agreement, except with the written consent of the Required Revolving Lenders, the
Borrowers are required to comply with the financial covenant set forth therein (the “Financial Covenant”). 

WHEREAS, clause (ix) of the proviso to Section 9.02(b) of the Credit Agreement permits the Borrowers, Holdco and the
Required Revolving Lenders to amend, waive or otherwise modify Section 6.12 or Section 7.01 (solely as it relates to Section 6.12); and 

WHEREAS, the Borrowers, Holdco and the Revolving Lenders party hereto, who constitute Required Revolving Lenders, desire to effect
certain modifications to the Financial Covenant and related terms pursuant to the terms hereto. 
 NOW, THEREFORE, in consideration
of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

Section 1. Amendments. 

(a)     Amendment to the Financial Covenant. Each party hereto agrees that, on and after the Amendment
No. 10 Effective Date, the Credit Agreement is hereby amended as follows:  
 (i)     The following
definitions shall be inserted in Section 1.01 in appropriate alphabetical order: 
 “Conversion Date”
means any date occurring on or after January 1, 2021 that is specified by the Borrowers in a Notice of Conversion. 

“Notice of Conversion” means a written notice delivered by the Borrowers to the Administrative Agent stating
that the Borrowers irrevocably specify the date set forth therein as the Conversion Date. 

 (ii)     Section 6.12 of the Credit Agreement is hereby amended by
inserting the following at the end thereof: 
 “Notwithstanding the foregoing and solely for the purpose of calculating
the First Lien Net Leverage Ratio under this Section 6.12, in determining Consolidated EBITDA of the Borrowers and their Restricted Subsidiaries: 

(x)     prior to the Conversion Date, with respect to each four-fiscal quarter period ending prior to the
Conversion Date that includes any of the fiscal quarters ending June 30, 2020, September 30, 2020, December 31, 2020 and March 31, 2021 in such four-fiscal quarter period, Consolidated EBITDA for such fiscal quarters shall equal
$76,987,000, $55,925,000, $69,006,000 and $58,376,000, respectively; and 
 (y)     on and after the
Conversion Date, with respect to each four-fiscal quarter period ending on or after the Conversion Date, the Consolidated EBITDA for such four-fiscal quarter period shall be calculated as follows, in each case, to the extent applicable: 

(A)     with respect to the Consolidated EBITDA for the four-fiscal quarter period ending March 31,
2021, the Consolidated EBITDA for the fiscal quarter ending March 31, 2021 multiplied by 4; 

(B)     with respect to the Consolidated EBITDA for the four-fiscal quarter period ending June 30,
2021, the Consolidated EBITDA for the fiscal quarters ending March 31, 2021 and June 30, 2021 multiplied by 2; 

(C)     with respect to the Consolidated EBITDA for the four-fiscal quarter period ending
September 30, 2021, the Consolidated EBITDA for the fiscal quarters ending March 31, 2021, June 30, 2021 and September 30, 2021 multiplied by 4/3; and 

(D)     with respect to the Consolidated EBITDA for the four-fiscal quarter period ending December 31,
2021 and for each four-fiscal quarter period ending thereafter, the actual Consolidated EBITDA for such four-fiscal quarter period; and 

in each case of clauses (x) and (y) above, giving effect to any other calculations on a Pro Forma Basis in accordance with
Section 1.05.” 
 (b)     Additional Terms. In consideration of the amendment to
Section 6.12 of the Credit Agreement set forth above, the Borrowers hereby agree that, except with the written consent of the Required Revolving Lenders: 

(i)     on and from the Amendment No. 10 Effective Date through (I) with respect to the following clauses (A),
(B) and (E), the later of (1) June 30, 2021 and (2) the earlier to occur of (x) the Conversion Date and (y) the date on which the Borrowers have delivered the Compliance Certificate for the fiscal quarter ending
March 31, 2022 and (ii) with respect to the following 

  
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clauses (C) and (D), the earlier to occur of (x) the Conversion Date and (y) the date on which the Borrowers have delivered the Compliance Certificate for the fiscal quarter ending
March 31, 2022: 
 (A)     The Borrowers shall not permit Liquidity to be less than $30,000,000 as
of 5:00 p.m. New York City time on the last day of each month as set forth in a Minimum Liquidity Certificate delivered to the Administrative Agent (for prompt distribution to the Revolving Lenders) by the Borrowers, unless, if the Borrowers breach
such requirement as of any such day, the Borrowers shall have caused the Liquidity as of 5:00 p.m. New York City time on any day that is within 5 Business Days after the applicable day to equal or exceed $30,000,000 as set forth in an additional
Minimum Liquidity Certificate delivered to the Administrative Agent (for prompt distribution to the Revolving Lenders) by the Borrowers; 

(B)     The Borrowers shall deliver a Minimum Liquidity Certificate to the Administrative Agent (for prompt
distribution to the Revolving Lenders) within three (3) Business Days of (a) the last day of each month and (b) if the Borrowers fail to comply with the minimum Liquidity requirement set forth in clause (A) above on the last day
of such month, a day within the 5 Business Day period set forth in clause (A) above on which the Borrowers determine they have complied with such minimum Liquidity requirement; 

(C)     The Borrowers and their respective Restricted Subsidiaries shall not declare or make any Restricted
Payment pursuant to Section 6.08(a)(xiv), Section 6.08(a)(xv), Section 6.08(a)(xx) or Section 6.08(a)(xxi) of the Credit Agreement; 

(D)     The Borrowers and their respective Restricted Subsidiaries shall not (x) make any Investment
in, or designate any Restricted Subsidiary as, an Unrestricted Subsidiary or (y) cause any Subsidiary Loan Party to cease to be wholly-owned by a Borrower unless, in the case of this clause (y), either (1) as a result of any transaction
pursuant to which the Borrowers no longer own any Equity Interests in such Subsidiary Loan Party or (2) such transaction is entered into for a bona fide business purpose (and not for the purpose of releasing such Person from the Subsidiary
Guaranty) and, as a result of such transaction, one or more third parties that are not Affiliates of any Loan Party together hold greater than 50% of the Equity Interests in such Subsidiary Loan Party; and 

(E)     Immediately prior to each Credit Event under the Revolving Facilities (excluding any renewal,
extension or amendment to any Letter of Credit that does not increase the face amount thereof), the Borrowers shall deliver a Minimum Liquidity Certificate demonstrating that Liquidity is equal to or greater than $30,000,000 immediately prior to and
after giving effect to such Credit Event (and the Revolving Lenders shall be permitted to decline any Borrower’s request for such Credit Event until such Minimum Liquidity Certificate has been received by the Administrative Agent). 

(ii)     if the Conversion Date occurs on or prior to September 30, 2021, on and from the Conversion Date through
September 30, 2021: 
 (A)     Subject to clause (i)(A) above, if applicable, the Borrowers shall
not permit Liquidity to be less than $30,000,000 as of 5:00 p.m. New York City time on the last day 

  
 3 

 
of each quarter as set forth in a Minimum Liquidity Certificate delivered to the Administrative Agent (for prompt distribution to the Revolving Lenders) by the Borrowers, unless, if the Borrowers
breach such requirement as of any such day, the Borrowers shall have caused the Liquidity as of 5:00 p.m. New York City time on any day that is within 5 Business Days after the applicable day to equal or exceed $30,000,000 as set forth in an
additional Minimum Liquidity Certificate delivered to the Administrative Agent (for prompt distribution to the Revolving Lenders) by the Borrowers; 

(B)     Subject to clause (i)(A) above, if applicable, the Borrowers shall deliver a Minimum Liquidity
Certificate to the Administrative Agent (for prompt distribution to the Revolving Lenders) within three (3) Business Days of (a) the last day of each quarter and (b) if the Borrowers fail to comply with the minimum Liquidity
requirement set forth in clause (A) above on the last day of such quarter, a day within the 5 Business Day period set forth in clause (A) above on which the Borrowers determine they have complied with such minimum Liquidity requirement;

 (C)     The Borrowers and their respective Restricted Subsidiaries shall not declare or make any
Restricted Payment pursuant to Section 6.08(a)(xiv), Section 6.08(a)(xv), Section 6.08(a)(xx) or Section 6.08(a)(xxi) of the Credit Agreement; provided that the Borrowers may make Restricted Payments pursuant to
Section 6.08(a)(xv) of the Credit Agreement so long as (I) the Sponsor Debt Investment (as defined below) has been repaid in full (and any commitment in respect thereof, if any, has been terminated), (II) on the date of such Restricted
Payment, Liquidity, calculated on a Pro Forma Basis after giving effect to the making of such Restricted Payment, is no less than $50,000,000, (III) immediately prior to the making of such Restricted Payment, the aggregate amount of unrestricted
cash and Cash Equivalents of the Borrowers and their Restricted Subsidiaries, net of the amount of Revolving Loans then outstanding, shall exceed the amount of such Restricted Payment to be made, (IV) no Event of Default shall then exist or
result from such Restricted Payment and (V) any equity contribution received by the Borrowers prior to the date hereof shall not be utilized by the Borrowers to make Restricted Payments pursuant to such Section 6.08(a)(xv); 

(D)     The Borrowers and their respective Restricted Subsidiaries shall not (x) make any Investment
in, or designate any Restricted Subsidiary as, an Unrestricted Subsidiary or (y) cause any Subsidiary Loan Party to cease to be wholly-owned by a Borrower unless, in the case of this clause (y), either (1) as a result of any transaction
pursuant to which the Borrowers no longer own any Equity Interests in such Subsidiary Loan Party or (2) such transaction is entered into for a bona fide business purpose (and not for the purpose of releasing such Person from the Subsidiary
Guaranty) and, as a result of such transaction, one or more third parties that are not Affiliates of any Loan Party together hold greater than 50% of the Equity Interests in such Subsidiary Loan Party; and 

(E)     Immediately prior to each Credit Event under the Revolving Facilities (excluding any renewal,
extension or amendment to any Letter of Credit that does not increase the face amount thereof), the Borrowers shall deliver a Minimum Liquidity Certificate demonstrating that Liquidity is equal to or greater than $30,000,000 immediately prior to and
after giving effect to such Credit Event (and the Revolving Lenders shall be permitted to decline any Borrower’s request for such Credit Event until such Minimum Liquidity Certificate has been received by the Administrative Agent). 

  
 4 

 For the avoidance of doubt, if the Conversion Date occurs after September 30, 2021, no
provision above shall apply. 
 If the Borrowers or any Restricted Subsidiary, as applicable, shall default (x) in the performance or
compliance of clause (i) or (ii) above (other than clause (i)(B) and clause (ii)(B) above or clause (i)(E) or clause (ii)(E) above), (y) in the performance of clause (i)(B) or (ii)(B) above and such default in the case of this clause
(y) shall not be cured within three (3) Business Days after the date required for the delivery of such Minimum Liquidity Certificate or (z) in the performance or compliance of clause (i)(E) or (ii)(E) with respect to a material
inaccuracy of the Minimum Liquidity Certificate, in each case, such occurrence shall be deemed an immediate default of Section 6.12 of the Credit Agreement (as amended hereby) and an immediate Event of Default under Section 7.01(d) of the
Credit Agreement (as amended hereby) for purposes of the Revolving Loans (and for purposes of any Term Loan, subject to clause (ii) of the proviso therein), and for the avoidance of doubt, the Cure Right set forth in Section 7.03 of the
Credit Agreement (as amended hereby) shall not apply with respect to any Event of Default arising pursuant to the terms of this paragraph. 

As used in this Amendment, (a) “Liquidity” means, as of any date of determination, the sum of (x) the unused
amount of Revolving Commitments as of such date and (y) the aggregate amount of unrestricted cash and Cash Equivalents of the Borrowers and their Restricted Subsidiaries as of such date (it being understood that, for the purposes of determining
Liquidity, Revolving Commitments shall be deemed to be used at any date of determination to the extent of the outstanding Revolving Loans and LC Exposure at such time) and (b) and “Minimum Liquidity Certificate” means, a
certificate of a Responsible Officer of the Borrowers setting forth in reasonable detail the Liquidity of the Borrowers and their Restricted Subsidiaries (as determined in good faith by the Borrowers) as of the applicable date of determination and
which shall include a representation that the information in such certificate is true and correct in all material respects. 

Section 2. Representations and Warranties. 

Each of the Loan Parties represents and warrants to the Revolving Lenders party hereto as of the date hereof that: 

(a)     Immediately before and after giving effect to this Amendment, the representations and warranties of the Borrowers
and each other Loan Party contained in Article III of the Credit Agreement or any other Loan Document are true and correct in all material respects on and as of the date hereof (or true and correct in all material respects as of a specified date, if
earlier), except that for purposes of this Section 2, the representations and warranties contained in Section 3.04(a) of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished prior to the
Amendment No. 10 Effective Date or pursuant to Section 5.01(a) and Section 5.01(b) of the Credit Agreement; and 

(b)     At the time of and after giving effect to this Amendment, no Event of Default shall have occurred and be
continuing. 

  
 5 

 Section 3. Conditions to Effectiveness. 

This Amendment shall become effective on the date on which the Administrative Agent has received counterparts (each of which shall be originals
or facsimiles or electronic copies) of this Amendment executed by the Borrowers, Holdco, each other Loan Party and Revolving Lenders constituting Required Revolving Lenders; provided that Section 1 above shall not become effective (the
effective date of Section 1, the “Amendment No. 10 Effective Date”) until each of the following conditions has been satisfied on or prior to the date that is 30 days after the date of this Amendment set forth above: 

(a)     The Borrowers have received net cash proceeds in an amount of (x) at least $25,000,000 from the Sponsor
and/or its Affiliates in the form of Indebtedness on terms disclosed to the Revolving Lenders on or prior to the date hereof (the “Sponsor Debt Investment”) permitted to be incurred under the Credit Agreement, and (y) at least
$25,000,000 in equity contribution from Holdco to the Borrowers in the form of Qualified Equity Interests of the Borrowers, with proceeds of equity contribution to Holdco in the form of Qualified Equity Interests; 

(b)     No Event of Default under Section 7.01(a), (b), (h) or (i) of the Credit Agreement shall have occurred
and be continuing; 
 (c)     The Administrative Agent has received (for prompt distribution to the Revolving Lenders)
of a certificate signed by a Responsible Officer of the Borrowers certifying as to the matters set forth in clause (a) and (b) above; and 

(d)     The Borrowers shall have paid (or cause to be paid) all fees and expenses due on the Amendment No. 10
Effective Date, including the reasonable and documented fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the Administrative Agent, to the extent invoiced at least one (1) Business prior to the Amendment
No. 10 Effective Date. 
 The Administrative Agent shall promptly notify the Revolving Lenders upon the occurrence of the Amendment
No. 10 Effective Date, which notice shall be final and conclusive unless any Revolving Lender promptly notifies the Administrative Agent of its objection thereto. 

Section 4. Expenses. 

The Borrowers agree to reimburse the Administrative Agent for its reasonable and documented out-of-pocket expenses incurred by it in connection with this Amendment, including the reasonable and documented fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the
Administrative Agent, as and when required by Section 9.03 of the Credit Agreement. 
 Section 5. Counterparts. 

This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so
executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission or electronic
transmission shall be effective as delivery of a manually executed counterpart hereof. 

  
 6 

 Section 6. Governing Law and Waiver of Right to Trial by Jury. 

THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. The jurisdiction and waiver of right
to trial by jury provisions in Sections 9.09 and 9.10 of the Credit Agreement are incorporated herein by reference mutatis mutandis. The words “execution,” “signed,” “signature,” “delivery” and words of the
like import in or relating to any document to be signed in connection with this Amendment and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of
which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper based recordkeeping system, as the case may be, to the extent and as provided for in any applicable
law, including Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act or any other similar state laws based on the Uniform Electronic Transactions Act. “Electronic
Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or record. 

Section 7. Headings. 

The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 

Section 8. Effect of Amendment; Reaffirmation. 

(a)     On and after the date hereof, 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”, “thereunder”,
“thereof” or words of like import referring to the Credit Agreement, mean and are a reference to the Credit Agreement as modified by this Amendment. This Amendment is a Loan Document executed pursuant to the Credit Agreement and
shall be construed, administered and applied in accordance with the terms and provisions thereof. 
 (b)     Except as
expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agents under the Credit Agreement or any other Loan Document,
and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement (as amended hereby) or any other provision of the Credit Agreement (as amended hereby) or
any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. This Amendment shall not constitute a novation of the Credit Agreement or any of the Loan Documents or serve to effect a
novation of the Obligations outstanding under the Credit Agreement or instruments guaranteeing or securing the same, which instruments shall remain and continue in full force and effect. 

(c)     Each Loan Party (after giving effect to this Amendment) hereby (i) reaffirms and confirms that each Loan
Document to which it is a party or is otherwise bound, each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties pursuant to any such Loan Document, each guarantee granted by it to guarantee the due and punctual
performance of the 

  
 7 

 
Obligations and all Collateral encumbered thereby (a) shall not be affected by the amendment of the Credit Agreement, (b) shall remain in full force and effect and (c) continues to
guarantee or secure, as the case may be, in accordance with the terms of the applicable Loan Documents the payment and performance of all “Secured Obligations” under the Credit Agreement (as amended hereby), (ii) acknowledges and agrees
that each Loan Document to which it is a party or otherwise bound shall continue and remain in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or
effectiveness of this Amendment (except as specifically set forth herein) and (iii) acknowledges and agrees that the parties only wish to amend their rights and obligations under the Credit Agreement in accordance with the terms of this
Agreement and nothing in this Amendment shall be deemed to be a release and/or novation of any rights and/or obligations under the Credit Agreement or any other Loan Document. 

[Signature Pages Follow] 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written. 
  

					
	KC SUB, INC.
		
	By	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KUEHG CORP.
		
	By	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KC HOLDCO, LLC
		
	By	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KC REE HOLDINGS, INC.
		
	By	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	REE INVESTMENT, LLC
		
	By	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	REE HOLDCO, INC.
		
	By	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	REE MIDWEST, INC.
		
	By	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory

  
 [SIGNATURE PAGE TO
AMENDMENT NO.10] 

 
					
	REE SOUTHEAST, INC.
		
	 By
  
	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KINDERCARE EDUCATION HOLDINGS LLC
		
	 By
  
	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KNOWLEDGE SCHOOLS LLC
		
	 By
  
	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KINDERCARE EDUCATION LLC
		
	 By
  
	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KINDERCARE EDUCATION AT WORK LLC
		
	 By
  
	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KU EDUCATION LLC
		
	 By
  
	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KCE CHAMPIONS LLC
		
	 By
  
	 	 /s/ Tony Amandi

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory
	
	KINDERCARE LEARNING CENTERS LLC
		
	 By
  
	 	 /s/ Tony Amandi

 

		 	Name:	 	Tony Amandi
		 	Title:	 	Authorized Signatory

  
 [SIGNATURE PAGE TO
AMENDMENT NO.10] 

 
					
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent
		
	 By
  
	 	 /s/ Mikhail Faybusovich

		 	Name:	 	Mikhail Faybusovich
		 	Title:	 	Authorized Signatory
		
	 By
  
	 	 /s/ Andrew Griffin

		 	Name:	 	Andrew Griffin
		 	Title:	 	Authorized Signatory

  
 [SIGNATURE PAGE TO
AMENDMENT NO.10] 

 
					
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Revolving Lender
		
	 By
  
	 	 /s/ Mikhail Faybusovich

		 	Name:	 	Mikhail Faybusovich
		 	Title:	 	Authorized Signatory
		
	 By
  
	 	 /s/ Andrew Griffin

		 	Name:	 	Andrew Griffin
		 	Title:	 	Authorized Signatory

  
 [SIGNATURE PAGE TO
AMENDMENT NO.10] 

 
					
	BANK OF MONTREAL,
as Revolving Lender
		
	By	 	 /s/ Kemmons Feldman

		 	Name:	 	Kemmons Feldman
		 	Title:	 	Vice President

  
 [SIGNATURE PAGE TO
AMENDMENT NO.10] 

 
			
	BARCLAYS BANK PLC,
as Revolving Lender
		
	By	 	/s/ Manuel Rubiano
		 	Name: Manuel Rubiano
		 	Title:   Associate

  
 [SIGNATURE PAGE TO
AMENDMENT NO.10]

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