Document:

Exhibit

Exhibit 10.3

                                
SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
THIS SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (the “Amendment”) is dated as of October 26, 2018, by and among FEDERATED INVESTORS, INC., a Pennsylvania corporation (the “Borrower”), each of the GUARANTORS (as defined in the Credit Agreement (as hereinafter defined)), the LENDERS (as defined in the Credit Agreement), and PNC BANK, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”).
WITNESSETH:
WHEREAS, this Amendment amends that certain Third Amended and Restated Credit Agreement dated as of June 5, 2017 (as previously amended by that certain First Amendment to Third Amended and Restated Credit Agreement dated as of July 1, 2018, the “Credit Agreement”); and
WHEREAS, Borrower has requested that the Lenders modify certain provisions of the Credit Agreement, and the Administrative Agent and the Lenders have agreed to such modifications as described in this Amendment.  Capitalized terms not otherwise defined in this Amendment have the meanings given to them in the Credit Agreement.
NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants and agreements herein contained and intending to be legally bound hereby, covenant and agree as follows:
1.Recitals.  The foregoing recitals are true and correct and incorporated herein by reference.
2.    Amendments to Credit Agreement.
Amendments of Section 1.1 [Certain Definitions].  
(a)    The following additional sentence shall be added to the end of the definition of “Funds”:
“For the avoidance of doubt, any private fund in which Federated Private Fund of One Trade Finance Partnership General Partner, LLC (the “Private Fund GP”) is the general partner shall be considered a “Fund” for the purposes of this Agreement.”
(b)    The final sentence of the definition of “Subsidiary” is hereby amended and restated in its entirety as follows:

“For the purposes of this Agreement, none of (a) the Special Purpose Subsidiaries, (b) the Funds or (c) the Private Fund GP shall be considered a “Subsidiary” of the Borrower or any Loan Party.”
3.    Conditions Precedent.  The Borrower, the Guarantors and the Lenders acknowledge that this Amendment shall not be effective until the date each of the following conditions precedent has been satisfied:
(a)    The Borrower, the Guarantors, the Required Lenders, and the Administrative Agent shall have executed and delivered this Amendment to the Administrative Agent;
(b)    No default or event of default shall have occurred or will occur under the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor as a result of and after giving effect to the transactions contemplated by this Amendment;
(c)    The Borrower and the Guarantors shall have obtained all approvals and consents necessary to consummate the transactions contemplated by this Amendment and there shall be no legal or regulatory prohibitions or restrictions upon the consummation of the transactions contemplated by this Amendment;
(d)    The Borrower shall have paid to the Administrative Agent and PNC Capital Markets LLC, as applicable, all fees required to be paid in connection with this Amendment;
(e)    The formation of the Private Fund GP shall have been completed and the Borrower shall have delivered copies of its organizational documents to the Administrative Agent; and
(f)    All legal details and proceedings in connection with the transactions contemplated by this Amendment and all other Loan Documents to be delivered to the Lenders shall be in form and substance reasonably satisfactory to the Administrative Agent.
4.    Representations, Warranties and Covenants.  The Borrower and each Guarantor covenant and agree with and represent and warrant to the Administrative Agent and the Lenders as follows:
(a)    Except as expressly modified by this Amendment, the Borrower’s and Guarantors’ obligations under the Credit Agreement and the other Loan Documents remain in full force and effect;
(b)    the Borrower and each of the Guarantors possess all of the powers requisite for them to enter into and carry out the transactions of the Borrower and each Guarantor referred to herein and to execute, enter into and perform the terms and conditions of this 

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Amendment, the Credit Agreement and the other Loan Documents and any other documents contemplated herein that are to be performed by the Borrower or such Guarantor; any and all actions required or necessary pursuant to the Borrower’s or such Guarantor’s organizational documents or otherwise have been taken to authorize the due execution, delivery and performance by the Borrower and such Guarantor of the terms and conditions of this Amendment; the officers of the Borrower and each Guarantor executing this Amendment are the duly elected, qualified, acting and incumbent officers of such Loan Party and hold the titles set forth below their names on the signature lines of this Amendment; and such execution, delivery and performance will not conflict with, constitute a default under or result in a breach of any applicable law or any agreement, instrument, order, writ, judgment, injunction or decree to which the Borrower or such Guarantor is a party or by which the Borrower or such Guarantor or any of its properties is bound, and that all consents, authorizations and/or approvals required or necessary from any third parties in connection with the entry into, delivery and performance by the Borrower and such Guarantor of the terms and conditions of this Amendment, the Credit Agreement, the other Loan Documents and the transactions contemplated hereby have been obtained by the Borrower and such Guarantor and are full force and effect;
(c)    this Amendment, the Credit Agreement, and the other Loan Documents constitute the valid and legally binding obligations of the Borrower and each Guarantor, enforceable against the Borrower and each Guarantor in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws and by general equitable principles, whether enforcement is sought by proceedings at law or in equity;
(d)    all representations and warranties made by the Borrower and each Guarantor in the Credit Agreement and the other Loan Documents are true and correct in all material respects (or in the case of any such representation and warranty that is qualified by materiality or reference to Material Adverse Change, in all respects) as of the date hereof, except to the extent that any such representation and warranty relates to a specific date, in which case such representation and warranty shall be true and correct in all material respects (or in the case of any such representation and warranty that is qualified by materiality or reference to Material Adverse Change, in all respects) as of such earlier date, with the same force and effect as if all such representations and warranties were fully set forth herein and made as of the date hereof and the Borrower and each Guarantor have complied with all covenants and undertakings in the Credit Agreement and the other Loan Documents;
(e)    no Event of Default or Potential Default has occurred and is continuing under the Credit Agreement or the other Loan Documents; there exist no defenses, offsets, counterclaims or other claims with respect to the Borrower’s or any Guarantor’s obligations and liabilities under the Credit Agreement or any of the other Loan Documents; and
(f)    the Borrower and each Guarantor hereby ratify and confirm in full their duties and obligations under the Credit Agreement, the Guaranty Agreement, and the other Loan Documents applicable to them, each as modified hereby.

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5.    Incorporation into Credit Agreement and other Loan Documents.  This Amendment shall be incorporated into the Credit Agreement by this reference and each reference to the Credit Agreement that is made in the Credit Agreement or any other document executed or to be executed in connection therewith shall hereafter be construed as a reference to the Credit Agreement as amended hereby.  The term “Loan Documents” as defined in the Credit Agreement shall include this Amendment.
6.    Severability.  If any one or more of the provisions contained in this Amendment, the Credit Agreement, or the other Loan Documents shall be held invalid, illegal or unenforceable in any respect, the validity, legality or enforceability of the remaining provisions contained in this Amendment, the Credit Agreement or the other Loan Documents shall not in any way be affected or impaired thereby, and this Amendment shall otherwise remain in full force and effect.
7.    Successors and Assigns.  This Amendment shall apply to and be binding upon the Borrower and each Guarantor in all respects and shall inure to the benefit of each of the Administrative Agent and the Lenders and their respective successors and assigns, provided that neither the Borrower nor any Guarantor may assign, transfer or delegate its duties and obligations hereunder.  Nothing expressed or referred to in this Amendment is intended or shall be construed to give any person or entity other than the parties hereto a legal or equitable right, remedy or claim under or with respect to this Amendment, the Credit Agreement or any of the other Loan Documents, it being the intention of the parties hereto that this Amendment and all of its provisions and conditions are for the sole and exclusive benefit of the Borrower, the Guarantors, the Administrative Agent and the Lenders.
8.    Reimbursement of Expenses.  The Borrower unconditionally agrees to pay and reimburse the Administrative Agent and save the Administrative Agent harmless against liability for the payment of reasonable out‐of‐pocket costs, expenses and disbursements, including without limitation, fees and expenses of counsel incurred by the Administrative Agent in connection with the development, preparation, execution, administration, interpretation or performance of this Amendment and all other documents or instruments to be delivered in connection herewith.
9.    Counterparts.  This Amendment may be executed by different parties hereto in any number of separate counterparts, each of which, when so executed and delivered shall be an original and all such counterparts shall together constitute one and the same instrument.
10.    Entire Agreement.  This Amendment sets forth the entire agreement and understanding of the parties with respect to the transactions contemplated hereby and supersedes all prior understandings and agreements, whether written or oral, between the parties hereto relating to the subject matter hereof.  No representation, promise, inducement or statement of intention has been made by any party which is not embodied in this Amendment, and no party shall be bound by or liable for any alleged representation, promise, inducement or statement of intention not set forth herein.

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11.    Headings.  The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or any provisions hereof.
12.    No Novation.  This Amendment amends the Credit Agreement, but is not intended to constitute, and does not constitute, a novation of the Obligations of the Borrower and/or the Guarantors under the Credit Agreement or any other Loan Document.
13.    Construction.  The rules of construction set forth in Section 1.2 [Construction] of the Credit Agreement shall apply to this Amendment.
14.    Governing Law.  This Amendment shall be deemed to be a contract under the Laws of the Commonwealth of Pennsylvania and for all purposes shall be governed by and construed and enforced in accordance with the internal laws of the Commonwealth of Pennsylvania without regard to its conflict of laws principles. 

[SIGNATURE PAGES FOLLOW]

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[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have executed this Amendment as of the day and year first above written.
BORROWER:
FEDERATED INVESTORS, INC.
By:    /s/   Richard A. Novak 
Name: Richard A. Novak 
Title:   Vice President
GUARANTORS:
FEDERATED ADMINISTRATIVE SERVICES 
FEDERATED ADMINISTRATIVE SERVICES,  
    INC. 
FEDERATED SERVICES COMPANY 
FEDERATED SHAREHOLDER SERVICES  
    COMPANY 
FII HOLDINGS, INC. 
FEDERATED PRIVATE ASSET MANAGEMENT,  
    INC. 
FEDERATED MDTA TRUST 
HBSS ACQUISITION CO. 
FEDERATED MDTA LLC 
FEDERATED GLOBAL HOLDINGS LLC
By:    /s/ Richard A. Novak 
Name:    Richard A. Novak 
Title:    Treasurer of each of the above listed  
    Guarantors

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
GUARANTORS continued:
FEDERATED INVESTMENT MANAGEMENT 
    COMPANY 
FEDERATED GLOBAL INVESTMENT  
    MANAGEMENT CORP. 
FEDERATED INVESTMENT COUNSELING 
FEDERATED ADVISORY SERVICES  
    COMPANY 
FEDERATED EQUITY MANAGEMENT  
    COMPANY OF PENNSYLVANIA
By:    /s/ Richard A. Novak 
Name:    Richard A. Novak 
Title:    Assistant Treasurer of each of the above  
    listed Guarantors
FEDERATED INVESTORS MANAGEMENT  
    COMPANY
By:    /s/ Richard A. Novak 
Name:    Richard A. Novak 
Title:    Senior Vice President and Treasurer of the  
    above listed Guarantor

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
ADMINISTRATIVE AGENT AND LENDERS:
PNC BANK, NATIONAL ASSOCIATION, individually and as Administrative Agent
By:     /s/ Alaa Shraim
Name:     Alaa Shraim 
Title:     Senior Vice President

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
CITIBANK, N.A.
By:       /s/ Erik Andersen
Name:      Erik Andersen 
Title:      Vice President

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
STATE STREET BANK AND TRUST COMPANY
By:     /s/ Deirdre M. Holland 
Name:     Deirdre M. Holland 
Title:     Managing Director

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
TD BANK, N.A.
By:     /s/ Mark Hogan 
Name:     Mark Hogan 
Title:     Senior Vice President

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
WELLS FARGO BANK, N.A.
By:     /s/ Megan Griffin 
Name:     Megan Griffin 
Title:     Director

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
THE BANK OF NEW YORK MELLON
By:     /s/ Kenneth P. Sneider, Jr. 
Name:     Kenneth P. Sneider, Jr. 
Title:     Managing Director

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
THE HUNTINGTON NATIONAL BANK
By:     /s/ Michael Kiss 
Name:     Michael Kiss 
Title:     Vice President

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
CITIZENS BANK OF PENNSYLVANIA
By:     /s/ A. Paul Dawley 
Name:     A. Paul Dawley 
Title:     Senior Vice President

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
UMB BANK, N.A.
By:    /s/ Christopher Bannister 
Name:    Christopher Bannister 
Title:    Vice President

[SIGNATURE PAGE TO SECOND AMENDMENT  
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
WASHINGTON FINANCIAL BANK
By:     /s/ Anthony M. Cardone 
Name:     Anthony M. Cardone 
Title:     Vice Presidentsgh-ex1026_565.htm

Exhibit 10.26

SECOND AMENDMENT, dated as of October 12, 2018 (this “Amendment”), to the Credit Agreement (as defined below) among SMART Worldwide Holdings, Inc., a Cayman Islands exempted company (“Holdings”), SMART Modular Technologies (Global), Inc., a Cayman Islands exempted company (the “Parent Borrower”), SMART Modular Technologies, Inc., a California corporation (the “Co- Borrower” and, together with the Parent Borrower, the “Borrowers”), Barclays Bank PLC, as Administrative Agent (the “Administrative Agent”), the other Lenders party hereto and KKR Capital Markets LLC, as the sole lead arranger (the “Arranger”).

RECITALS

A.Holdings, the Borrowers, the Lenders party thereto from time to time and 
the Administrative Agent are party to that certain Second Amended and Restated Credit Agreement, dated as of August 9, 2017, as amended by the Incremental Facility Amendment dated as of June 8, 2018 (as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).

B.The Borrowers have requested certain amendments to the Credit Agreement 
and the Lenders party hereto are willing to agree to those amendments subject to the provisions of this Amendment.

AGREEMENTS

In consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Holdings, the Borrowers, the Lenders party hereto and the Administrative Agent hereby agree as follows:

ARTICLE I.

Second Amendment

SECTION 1.01. Defined Terms. Capitalized terms used herein (including in the recitals hereto) and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. The rules of construction specified in Section 1.03 of the Credit Agreement also apply to this Amendment.

SECTION 1.02. Amendment of Credit Agreement. (a) Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows:

(i)The following definitions are hereby added in the appropriate alphabet-

ical order to Section 1.01:

“Amendment Effective Date” has the meaning assigned thereto in the Second Amendment.

 

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“Second Amendment” means the Second Amendment to this Agreement, dated as of October 12, 2018, among Holdings, the Borrowers, the Lenders thereto and the Administrative Agent.
(ii)Clause (a) of Section 2.10 of the Credit Agreement is hereby amended 
and restated in its entirety as follows:

“(a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrowers shall repay (x) Term Borrowings made on the Effective Date on the last Business Day of each fiscal quarter of the Parent Borrower in a principal amount of such Term Loans equal to (i) the aggregate outstanding principal amount of such Term Loans immediately after closing on the Effective Date multiplied by (ii) 2.50% and (y) Additional Term B Loan Borrowings made on the Incremental Facility Amendment Effective Date on the last Business Day of each fiscal quarter of the Parent Borrower (commencing on November 30, 2018) in a principal amount of such Additional Term B Loans equal to (i) the aggregate outstanding principal amount of such Additional Term B Loans immediately after the Incremental Facility Amendment Effective Date multiplied by (ii) 2.50%; provided that if any such date is not a Business Day, such payments shall be due on the next succeeding Business Day; provided further that the Borrowers shall not be obligated to repay the Term Borrowings made on the Effective Date and the Additional Term B Loan Borrowings made on the Incremental Facility Amendment Effective Date under this Section 2.10(a) on November 30, 2018, March 1, 2019, May 31, 2019 and August 30, 2019.”

(iii)Clause (d) of Section 2.11 of the Credit Agreement is hereby amended 
and restated in its entirety as follows:

(i)“Following the end of each Excess Cash Flow Period, commencing

with the Excess Cash Flow Period ending February 23, 2018, the Borrowers shall prepay Term Borrowings in an aggregate amount equal to the ECF Percentage of Excess Cash Flow for such Excess Cash Flow Period; provided that the Borrowers shall not be obligated to prepay Term Borrowings under this Section 2.11(d) with respect to any Excess Cash Flow Period ending March 1, 2019 and/or August 30, 2019; provided further that such amount shall be reduced by the aggregate amount of prepayments with Internally Generated Funds of (i) Term Loans (and, to the extent the Revolving Commitments are reduced in a corresponding amount pursuant to Section 2.08, Revolving Loans) made pursuant to Section 2.11(a)(i) during such Excess Cash Flow Period or after such Excess Cash Flow Period and prior to the time such prepayment is due as provided below (provided that such reduction as a result of prepayments pursuant to clause (ii) thereof shall (x) be limited to the actual amount of such cash prepayment and (y) only be applicable if the applicable prepayment offer was made to all Lenders) and (ii) other Consolidated First Lien Debt (provided that in the case of the prepayment of any revolving commitments, there is a corresponding reduction in commitments). Each prepayment pursuant to this paragraph shall be made on or before the date that is five days after the date on

 

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which financial statements are required to be delivered pursuant to Section 5.01 with respect to the Excess Cash Flow Period for which Excess Cash Flow is being calculated.”
SECTION 1.03. Amendment Effectiveness. Section 1.02 of this Amendment shall become effective as of the first date (the “Amendment Effective Date”) on which the following conditions have been satisfied or waived:

(a)The Administrative Agent (or its counsel) shall have received from (i) the 
Borrowers, (ii) Holdings, (iii) each Term Lender, (iv) the Administrative Agent and (v) the Required Lenders, either (x) counterparts of this Amendment signed on behalf of such parties or (y) written evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic transmissions of signed signature pages) that such parties have signed counterparts of this Amendment.

(b)The Borrowers shall have paid all reasonable legal fees and expenses in- 
voiced by Kirkland & Ellis LLP (in its capacity as legal counsel to the Arranger) at least one Business Day prior to the Amendment Effective Date.

(c)The Administrative Agent shall notify the Borrowers, the other Lenders 
party hereto of the Amendment Effective Date and such notice shall be conclusive and binding.

ARTICLE II. 
Miscellaneous

SECTION 2.01. Representations and Warranties. (a) To induce the other parties hereto to enter into this Amendment, the Borrowers represent and warrant to the Lenders party hereto and the Administrative Agent that, as of the Amendment Effective Date and after giving effect to the transactions and amendments to occur on the Amendment Effective Date, this Amendment has been duly authorized, executed and delivered by each of Holdings and the Borrowers and constitutes, and the Credit Agreement, as amended hereby on the Amendment Effective Date, will constitute, its legal, valid and binding obligation, enforceable against each of the Loan Parties 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.

(b)The representations and warranties of each Loan Party set forth in the Loan 
Documents are, after giving effect to this Amendment on such date, true and correct in all material respects on and as of the Amendment Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties were true and correct in all material respects as of such earlier date).

(c)After giving effect to this Amendment and the transactions contemplated 
hereby on the relevant date, no Default or Event of Default has occurred and is continuing on the Amendment Effective Date.

 

(d)

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Immediately after the consummation of the transactions contemplated un- 
der this Amendment to occur on the Amendment Effective Date, the representation set forth in Section 3.14 of the Credit Agreement shall be true and correct in all material respects on and as of the Amendment Effective Date with each reference therein to the “Effective Date” and the “Transactions” being deemed to instead refer to the “Amendment Effective Date” and transactions contemplated under this Amendment, respectively.
(e)Each of Holdings and the Borrowers hereby acknowledges and affirms that:

(i)all of the obligations, liabilities and indebtedness of each Loan Party 
under each Loan Document are, and shall continue to be, in full force and effect after giving effect to this Amendment, for the avoidance of doubt, subject to the limitations provided for under the Credit Agreement and/or any other Loan Document; and

(ii)all of the Liens and security interests created and arising under each 
Loan Document are, and shall, subject to the limitations provided for under the Credit Agreement and/or any other Loan Document, continue to be, in full force and effect, and, assuming the proper filing of UCC financing statements (or equivalent filings outside the United States) required pursuant to the Credit Agreement and any Mortgages with respect to Mortgaged Property (including any amendments thereto), the perfected status of each such Lien and security interest continues, subject to any limitations set out in any applicable Loan Document in full force and effect on a continuous basis, unimpaired, uninterrupted and undischarged, after giving effect to this Amendment, as collateral security for its obligations, liabilities and indebtedness under the Credit Agreement and under its guarantees, if any, in the Loan Documents, including, without limitation, the obligations under this Amendment.

SECTION 2.02. Effect of Amendment. (a) 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 Administrative Agent 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 or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. The parties hereto acknowledge and agree that the amendment of the Credit Agreement pursuant to this Amendment and all other Loan Documents amended and/or executed and delivered in connection herewith shall not constitute a novation of the Credit Agreement and the other Loan Documents as in effect prior to the Amendment Effective Date. Nothing herein shall be deemed to establish a precedent for purposes of interpreting the provisions of the Credit Agreement or entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall apply to and be effective only with respect to the provisions of the Credit Agreement and the other Loan Documents specifically referred to herein.

 

 

(b)On and after the Amendment Effective Date, each reference in the Credit

Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each reference to the Credit Agreement, “thereunder”, “thereof”, “therein” or words of like import in

 

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any other Loan Document, shall be deemed a reference to the Credit Agreement, as amended hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.
SECTION 2.03. Governing Law. This Amendment shall be construed in accordance with and governed by the law of the State of New York. The provisions of Sections 9.09 and 9.10 of the Credit Agreement shall apply to this Amendment to the same extent as if fully set forth herein.

SECTION 2.04. Costs and Expenses. The Borrower agrees to reimburse the Administrative Agent and the Arranger for its reasonable out of pocket expenses in connection with this Amendment and the transactions contemplated hereby, including the reasonable fees, charges and disbursements of Kirkland & Ellis LLP, counsel for the Arranger.

SECTION 2.05. 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 and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of any executed counterpart of a signature page of this Amendment by facsimile transmission or other electronic imaging means shall be effective as delivery of a manually executed counterpart hereof.

SECTION 2.06. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

 

[Signature Page to SMART Second Amendment]

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

 

SMART WORLDWIDE HOLDINGS, INC., as Holdings

 

 

BY

NAME: 

TITLE:

 

 

SMART MODULAR TECHNOLOGIES (GLOBAL), INC., as the Parent Borrower

 

 

BY

NAME: 

TITLE:

 

SMART MODULAR TECHNOLOGIES, INC., as the Co-Borrower

 

 

BY

NAME: 

TITLE:

 

By:

 

Name: 

Title: 

 

 

[Signature Page to SMART Second Amendment]

 
BARCLAYS BANK PLC, as Administrative Agent
 

[Signature Page to SMART Second Amendment]

 
CORPORATE CAPITAL TRUST, INC., as an Additional Term B Lender
By: 

		
	
Name: Title:
	

 

CORPORATE CAPITAL TRUST II, as a Lender and as an Additional Term B Lender

			
	
By:
	
 
	
 

	
Name: Title:
	
 

 

KLP III CALIFORNIA UNLEVERED LTD., as an Additional Term B Lender

Byi

Name:

	
 
	
Title:
	
 

TACTICAL VALUE SPN - CALIFORNIA UNLEVERED LP, as an Additional Term B Lender

				
	
By:
	
 
	
	
 
	
	
Name: Title:
	
 

 

[Signature Page to SMART Second Amendment]

 
KKR-VIOLET CALIFORNIA L.P., as an Additional Term B Lender
By: 

Name:

	
 
	
Title:
	

LINCOLN INVESTMENT SOLUTIONS, INC., as a Lender

				
	
By:
	
 
	
 

	
 
	
Name: Title:
	

 

KKR-VRS CREDIT PARTNERS L.P., as a Lender

By: 

		
	
Name: Title:

 
	
 

 

CDPQ AMERICAN FIXED INCOME, III L.P., as a Lender

 

By: _______________________________

  Name:

 

 

 

 

 

 

 

 

 

 

TACTICAL VALUE SPN - GLOBAL DIRECT LENDING L.P., as a Lender

By: 

		
	
Name: Title:
	
 

 

JERSEY CITY FUNDING LLC, as a Lender

By:

Name:

	
 
	
Title:
	
 

KKRLP II GERMAN FUNDING, LLC, as a Lender

 

By:

 

Name: Title:

 

 

 

 

 

 

 

 

 

 

 

 
 
 

KLP III FUNDING I LTD., as a Lender

 

By:

 

 

 

 

 

 

 

 

 

 

 

 

 
 
 

 

		
	
Name: Title:
	
 

 

MAIN STREET CAPITAL CORPORATION, as a Lender

By:

Name: 

Title: 

HMS FUNDING I, LLC, as a Lender

By:

Name: 

Title: 

 

 

OZLM FUNDING II, LTD.

By: Och-Ziff Loan Management LP, its portfolio manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name: 

Title: 

OZLM FUNDING III, LTD.

By: Och-Ziff Loan Management LP, its portfolio manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name: 

Title: 

OZLM FUNDING, LTD.

By: OZ CLO Management LLC, its portfolio manager

 

 
By:
Name: 

Title:

OZLM IX, LTD.

By: Och-Ziff Loan Management LP, its collateral manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name:

Title: 

OZLM VI, LTD.

By: Och-Ziff Loan Management LP, its asset manager By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name: 

Title: 

OZLM VII, LTD.

By: Och-Ziff Loan Management LP, its collateral manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name: 

Title: 

 

OZLM VIII, LTD.

By: Och-Ziff Loan Management LP, its collateral manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name: 

Title: 

OZLM XI, LTD.

By: Och-Ziff Loan Management LP, its collateral manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name: 

Title: 

 

OZLM XII, LTD.

By: Och-Ziff Loan Management LP, its collateral manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name:

Title: 

 

OZLM XIII, Ltd.

By: Och-Ziff Loan Management LP, its collateral manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name: 

Title: 

OZLM XV, LTD.

By: Och-Ziff Loan Management LP, its collateral manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name: 

Title: 

OZLM XVI, Ltd.

By: OZ CLO Management LLC, its successor portfolio manager

 

 
By:
Name: 

Title: 

OZLM XVII, Ltd.

By: OZ CLO Management LLC, its collateral manager

 

 
By:
Name: 

Title: 

OZLM XVIII, LTD

By: Och Ziff Loan Management LP, its portfolio

 

 
By:
Name: 

Title: 

OZLM XIV, LTD.

By: Och-Ziff Loan Management LP, its collateral manager

By: Och-Ziff Loan Management LLC, its general partner

 

 
By:
Name:

Title: 

OZLM XXII, Ltd.

By: OZ CLO Management LLC, its collateral manager

 

 
By:
Name:

Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00288-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00288-of-00352.parquet"}]]