Document:

Second Amendment to Amended and Restated Loan and Security Agreement

 Exhibit 10.27 

SECOND AMENDMENT 

TO 

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

THIS SECOND AMENDMENT to Amended and Restated Loan and Security Agreement (this “Amendment”) is entered into as of this
27th day of May, 2010, by and among Silicon Valley Bank (“Bank”) and 3PAR Inc., a Delaware corporation (“Borrower”). 

RECITALS 

A. Bank and Borrower have entered into that certain Amended and Restated Loan and Security Agreement dated as of May 30,
2008, as amended to date and as has been and may be further amended, modified, supplemented or restated from time to time (as amended, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement pursuant to the terms hereof. 

D. Bank has agreed to so amend the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions
and in reliance upon the representations and warranties set forth below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 

1. Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan
Agreement. 
 2. Amendments to Loan Agreement. 

2.1 Section 13.1 (Definitions). The following definitions are hereby amended in their entirety to read as follows:

 “LIBOR Rate” means, for each Interest Period in respect of LIBOR Credit Extensions comprising part of the
same Credit Extensions, an interest rate per annum (rounded upward to the nearest 1/16th of one percent (0.0625%)) equal to LIBOR for such Interest Period divided by one (1) minus the Reserve Requirement for such Interest
Period. 
 “Prime Rate” is the “prime rate,” as published in the Money Rates section of the
western edition of The Wall Street Journal. 
 “Revolving Line Maturity Date” is May 27, 2011. 

 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2 above are effective for the purposes set forth herein and shall be limited
precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may
have in the future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection
with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and
effect. 
 4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and
warrants to Bank as follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and
warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as
of such date), and (b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and
authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 

4.3 The organizational documents of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have
not been amended, supplemented or restated and are and continue to be in full force and effect; 
 4.4 The execution and
delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized; 

4.5 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree
of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on either Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly
executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, 

 
except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to
or affecting creditors’ rights. 
 5. Counterparts. This Amendment may be executed in any number of counterparts and
all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
 6. Effectiveness.
This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Bank’s receipt of a commitment fee of $5,000 and (c) payment of all Bank Expenses (including all
reasonable attorneys’ fees and reasonable expenses) incurred and invoiced through the date of this Amendment. 
 [Signature
page follows.] 

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

									
	BANK	 		 		 	BORROWER
			
	Silicon Valley Bank	 		 	3PAR Inc., a Delaware corporation
					
	 By:
	 	/s/ Ray Aguilar
	 		 	By:	 	/s/ Adriel Lares
					
	Name:	 	Ray Aguilar	 		 	Name:	 	Adriel Lares
	Title: 	 	Relationship Manager	 		 	Title:	 	VP of Finance & CFOAmendment No. 18

 Exhibit 10.1 

AMENDMENT NO. 18 TO THIRD AMENDED AND RESTATED 

RECEIVABLES PURCHASE AGREEMENT 

THIS AMENDMENT NO. 18 TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this
“Amendment”) is entered into as of June 11, 2010 by and among: 
 (a) Yellow Roadway
Receivables Funding Corporation, a Delaware corporation (the “Seller” or “YRRFC”), 

(b) YRC Worldwide Inc., a Delaware corporation (the “Performance Guarantor”), 

(c) JPMorgan Chase Bank, N.A. (“JPMorgan”), SunTrust Bank (“SunTrust”), Wells Fargo Bank,
N.A. (successor by merger to Wachovia Bank, National Association) (“Wells Fargo”), and The Royal Bank of Scotland plc (“RBS”) as successor to ABN AMRO Bank N.V. (each of the foregoing a
“Committed Purchaser”), 
 (d) Falcon Asset Securitization Company LLC, Three Pillars Funding LLC and
Amsterdam Funding Corporation (each of the foregoing, a “Conduit”), 
 (e) SunTrust Robinson Humphrey,
Inc., Wells Fargo, RBS and JPMorgan (each of the foregoing, a “Co-Agent”), and 
 (f) JPMorgan, as
administrative agent for the Groups (together with its successors and permitted assigns and in such capacity, the “Administrative Agent” and together with the Co-Agents, and their respective successors and permitted assigns,
the “Agents”), 
 with respect to that certain Third Amended and Restated Receivables Purchase Agreement, dated as of
April 18, 2008, among the Seller, the Committed Purchasers, the Conduits, the LC Issuer and the Agents (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “RPA”). 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree
as follows: 
 1. Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meanings
attributed to such terms in the RPA. 
 2. Amendments to RPA. Effective as of the Effective Date (as defined herein),
subject to the satisfaction of the condition precedent set forth in Section 3 below, the RPA is hereby amended as follows: 

(a) Section 7.1 of the RPA is hereby amended to add the following new clause (m) in proper alphabetical order:

 (m) (i) The Seller or the Performance Guarantor shall fail to perform or observe any term, covenant or
agreement contained in any Share Issuance Agreement, (ii) any Share Issuance Agreement shall cease to be effective or the legally valid, binding and enforceable obligation of the Seller or the Performance Guarantor, or the Seller or the
Performance Guarantor shall contest in any proceeding in any court or any mediation or arbitral proceeding such effectiveness, validity, binding nature or enforceability of its obligations thereunder or (iii) the issuance of any securities
under the Share Issuance Agreements shall be rescinded or such securities are required to be returned. 

 (b) The definitions of “Group Commitment” and “Group Limit” set forth in
Exhibit I to the RPA are hereby amended and restated in their entirety as follows: 

“Group Commitment” and “Group Limit” means, for each
Group, the amount set forth next to its name in the table below under the applicable column heading: 
  

							
	 GROUP NAME
	  	GROUP LIMIT	  	GROUP COMMITMENT
	 Wells Fargo Group
	  	$	64,166,666	  	$	64,166,666
			
	 Falcon Group
	  	$	122,208,334	  	$	122,208,334
			
	 Three Pillars Group
	  	$	76,125,000	  	$	76,125,000
			
	 Amsterdam Group
	  	$	87,500,000	  	$	87,500,000

 (c) The
definition of “Incremental Availability” set forth in Exhibit I to the RPA is hereby amended and restated in its entirety as follows: 

“Incremental Availability” means, at any time, an amount equal to (i) the Net Receivables Balance,
minus (ii) the Required Reserve, minus (iii) at all times other than during the period commencing on June 11, 2010 and ending on July 2, 2010, the Adjustment Benefit, minus (iv) the aggregate Credit
Exposure of all Groups. 
 (d) The definition of “Transaction Documents” set forth in Exhibit I to the RPA
is hereby amended and restated in its entirety as follows: 
 “Transaction Documents” means,
collectively, this Agreement, the Sale Agreement, the Fee Letters, the LC Applications, the Subordinated Notes, the Liquidity Agreements, the Performance Undertaking, each Collections Notice, the Share Issuance Agreements and all other instruments,
documents and agreements executed and delivered by the Seller, the Performance Guarantor or any Originator in connection herewith. 
  

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 (e) The Commitment set forth on the signature page for JPMorgan is hereby amended to delete
the reference to “$139,666,667.00” therein and to substitute “$122,208,334” therefor. 
 (f)
The Commitment set forth on the signature page for SunTrust is hereby amended to delete the reference to “$87,000,000.00” therein and to substitute “$76,125,000” therefor. 

(g) The Commitment set forth on the signature page for Wells Fargo is hereby amended to delete the reference to
“$73,333,333.00” therein and to substitute “$64,166,666” therefor. 
 (h) The Commitment set
forth on the signature page for RBS is hereby amended to delete the reference to “$100,000,000.00” therein and to substitute “$87,500,000” therefor. 

(i) Exhibit I to the RPA is hereby amended to insert the following definition in proper alphabetical order: 

“Share Issuance Agreements” means, collectively (i) that certain Fee Letter dated June 11, 2010
made by the Performance Guarantor and the Seller for the benefit of the Co-Agents and (ii) any other instrument, document or agreement executed in connection with any of the foregoing. 

3. Conditions Precedent. This Amendment shall become effective on the date (the “Effective Date”) when
each of the following conditions precedent have been satisfied or waived: 
 (a) The Administrative Agent shall have received
the following, each in a form satisfactory to the Administrative Agent: (i) counterparts of this Amendment duly executed by the Seller, the Performance Guarantor, each Purchaser and the Agents, (ii) duly executed copies of the Share
Issuance Agreements to be executed on or before the date hereof, (iii) an opinion of Kirkland & Ellis LLP, counsel to the Seller, delivered in connection with the execution of the Share Issuance Agreements to be executed on or before
the date hereof, in form and substance satisfactory to the Agents, and (iv) such other documents, instruments or agreements as any Agent shall reasonably request. 

(b) Receipt of all fees and expenses payable on the date hereof under the Share Issuance Agreements or otherwise in connection with the
transactions contemplated herein. 
 (c) Compliance with all terms and conditions set forth in the fee letter of even date
herewith among the Seller, the Performance Guarantor and the Co-Agents. 
 (d) The Seller shall have paid the reasonable legal
fees and disbursements of (i) the Administrative Agent’s counsel, Sidley Austin LLP and (ii) the Wells Fargo Agent’s counsel, Greenberg Traurig, LLP, in each case, invoiced on or prior to the date on which the conditions
described in clauses (a) through clause (c) of this Section 3 have been satisfied. 
  

 3 

 4. Representations and Warranties. In order to induce the other parties to enter into
this Amendment: 
 (a) The Seller hereby represents and warrants to the Purchasers and Agents that after giving effect to the
amendments contained in Section 2 above, (i) no Servicer Default or Potential Servicer Default exists and is continuing as of the Effective Date or would result from the execution, delivery and performance of this Amendment or any
of the Share Issuance Agreements, (ii) the RPA, as amended hereby, and the Share Issuance Agreements constitute the legal, valid and binding obligation of the Seller and the Performance Guarantor enforceable against such Person in accordance
with their terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of
whether enforcement is sought in a proceeding in equity or at law) and (iii) excluding Section 3.1(k) of the RPA solely insofar as it relates to the absence of a Material Adverse Effect of the type described in clause
(i) of the definition of such term (as to which no representation or warranty is made hereby), each of the Seller’s representations and warranties contained in the RPA is correct as of the Effective Date. 

(b) The Performance Guarantor hereby represents and warrants to the Purchasers and Agents that (i) neither the Performance Guarantor
nor any of its Affiliates (A) has received a demand for payment, or has knowledge, of complete or partial withdrawal liability to any multiemployer plan, (B) to its knowledge, contributes to any multiemployer plan (within the meaning of
section 4001(a)(3) of the Employee Retirement Security Act of 1974, as amended) that has an accumulated funding deficiency that has not been waived or (C) contributes to any single employer defined benefit plan with respect to which any minimum
required contribution (within the meaning of section 430(a) of the Internal Revenue Code of 1968, as amended) was not paid by its due date and (ii) the execution, delivery and performance by the Performance Guarantor of this Amendment and the
Share Issuance Agreements do not breach, or result in a default under, any agreement by which the Performance Guarantor or any of its Subsidiaries may be bound, including, without limitation, that certain Note Purchase Agreement dated as of
February 11, 2010 by and among the Performance Guarantor, certain investors parties thereto as buyers and certain Subsidiaries of the Performance Guarantor parties thereto as guarantors. 

(c) The Performance Guarantor hereby consents to the amendments herein contained and ratifies and confirms that the Performance
Undertaking remains in full force and effect. 
 5. Ratification. Except as modified hereby, the RPA is hereby ratified,
approved and confirmed in all respects. 
 6. Reference to Agreement. From and after the Effective Date, each reference
in the RPA to “this Agreement”, “hereof”, or “hereunder” or words of like import, and all references to the RPA in any and all agreements, instruments, documents, notes, certificates and other writings of every kind and
nature shall be deemed to mean, respectively, the RPA as modified by this Amendment. 
  

 4 

 7. Costs and Expenses. The Seller agrees to pay all reasonable costs, fees, and
out-of-pocket expenses (including reasonable attorneys’ fees and disbursements) incurred by the Agents in connection with the preparation, execution and enforcement of this Amendment. 

8. CHOICE OF LAW. THIS AMENDMENT SHALL BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW) WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES. 
 9. Execution in Counterparts. This Amendment may be
executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery
of an executed counterpart via facsimile or other electronic transmission shall be deemed delivery of an original counterpart. 

<Signature pages follow> 
  

 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their duly authorized officers as of the date hereof. 
  

			
	YELLOW ROADWAY RECEIVABLES FUNDING CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	YRC WORLDWIDE INC., as Performance Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	SUNTRUST ROBINSON HUMPHREY, INC., as Three Pillars Agent
		
	By:	 	  

		 	Name:
		 	Title:
	
	SUNTRUST BANK, as a Committed Purchaser
		
	By:	 	  

		 	Name:
		 	Title:

  

 Amendment No. 18 to 

Third Amended and Restated Receivables Purchase Agreement 

			
	THREE PILLARS FUNDING LLC, as a Conduit
		
	By:	 	  

		 	Name:
		 	Title:
	
	JPMORGAN CHASE BANK, N.A., as a Committed Purchaser, as Falcon Agent and as Administrative Agent
		
	By:	 	  

		 	Name: John M. Kuhns
		 	Title: Executive Director
	
	FALCON ASSET SECURITIZATION COMPANY LLC, as a Conduit
	
	BY: JPMORGAN CHASE BANK, N.A., ITS
ATTORNEY-IN-FACT
		
	By:	 	  

		 	Name:
		 	Title:
	
	WELLS FARGO BANK, N.A. (successor by merger to Wachovia Bank, National Association), as a Committed Purchaser and as Wells Fargo Agent
		
	By:	 	  

		 	Name:
		 	Title:

  

 Amendment No. 18 to 

Third Amended and Restated Receivables Purchase Agreement 

			
	THE ROYAL BANK OF SCOTLAND PLC, as a Committed Purchaser and as Amsterdam Agent
		
	By:	 	RBS SECURITIES INC., as its agent
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMSTERDAM FUNDING CORPORATION, as a Conduit
		
	By:	 	  

		 	Name:
		 	Title:

  

 Amendment No. 18 to 

Third Amended and Restated Receivables Purchase Agreement

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