Document:

Exhibit 10.2

    

    

    February 15, 2021

    

    

    Sandbridge Acquisition Corporation

    1999 Avenue of the Stars, Suite 2088

    Los Angeles, CA

    

    

    Owlet Baby Care Inc.

    2500 Executive Parkway, Suite 500

    Lehi, Utah 84043

    

    

    	
            Re:

          	
            Sponsor Agreement

          

    

    

    Ladies and Gentlemen:

    

    

    This letter (this “Sponsor Agreement”) is being delivered to you in accordance with that Business Combination
      Agreement, dated as of the date hereof, by and among Sandbridge Acquisition Corporation, a Delaware corporation (“Sandbridge”), Project Olympus Merger Sub, Inc., a Delaware corporation, and
      Owlet Baby Care Inc., a Delaware corporation (the “Company”) (the “Business Combination Agreement”) and the transactions
      contemplated therein (the “Business Combination”) and hereby amends and restates in its entirety that
      certain letter, dated September 14, 2020, from Sandbridge Acquisition Holdings LLC, a Delaware limited liability company (the “Sponsor”), GCCU IX LLC, a Delaware limited liability company (“GCCU”), TOCU XXXIV LLC, a Delaware limited liability company (“TOCU”), Sandbridge Sponsor LLC, a Delaware limited liability company
      (together with GCCU and TOCU, the “Investors”) and the individuals named therein to Sandbridge (the “Prior Letter Agreement”).
      Certain capitalized terms used herein are defined in paragraph 7 hereof. Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Business Combination Agreement.

    

    

    The Sponsor and certain members of Sandbridge’s board of directors and/or management team and certain advisors to Sandbridge (each, an “Insider” and together, the “Insiders”) are currently, and as of the Closing will be, the record owners of all of the outstanding Founder Shares and outstanding
      Private Placement Warrants, with the Sponsor and each Insider’s ownership as of the date hereof detailed on Schedule A hereto.

    

    

    In order to induce the Company and Sandbridge to enter into the Business Combination Agreement and for other good and valuable consideration, the receipt and sufficiency of
      which are hereby acknowledged, the parties hereto agree as follows:

    

    

    	1)	
            The Sponsor and each Insider irrevocably agrees that it, he or she shall:

          

    

    

    	

          	a)	
            vote any Common Stock and Founder Shares owned by it, him or her (all such common stock, the “Covered Shares”) in favor of
              the Business Combination and each other proposal related to the Business Combination included on the agenda for the special meeting of stockholders relating to the Business Combination;

          

    

    

    	

          	b)	
            when such meeting of stockholders is held, appear at such meeting or otherwise cause the Covered Shares to be counted as present thereat for the purpose of establishing a quorum;

          

    

    

    	

          	c)	
            vote (or execute and return an action by written consent), or cause to be voted at such meeting, or validly execute and return and cause such consent to be granted with respect to, all
              of such Covered Shares against any Alternative Business Combination Proposal and any other action that would reasonably be expected to impede, interfere with, delay, postpone or adversely affect the Merger or any of the other transactions
              contemplated by the Business Combination Agreement or result in a breach of any covenant, representation or warranty or other obligation or agreement of Sandbridge or Merger Sub under the Business Combination Agreement or result in any of the
              conditions set forth in Article 6 of the Business Combination Agreement not being fulfilled, result in a breach of any covenant, representation or warranty or other obligation or agreement of the Sponsor or the Insiders contained in
              this Sponsor Agreement or change in any manner the dividend policy or capitalization of, including the voting rights of, any class of capital stock of Sandbridge;

          

    

    

    
      

      
        

      

    

    

    

    	

          	d)	
            vote (or execute and return an action by written consent), or cause to be voted at such meeting, or validly execute and return and cause such consent to be granted with respect to, all
              of such Covered Shares against any change in business, management or Board of Directors of Sandbridge (other than in connection with the Business Combination and the other proposals related to the Business Combination); and

          

    

    

    	

          	e)	
            not redeem any Founder Shares owned by it, him or her in connection with such stockholder approval.

          

    

    

    Prior to any valid termination of the Business Combination Agreement, the Sponsor shall take, or cause to be taken, all actions and to do, or cause to
      be done, all things reasonably necessary under applicable Laws to consummate the Business Combination and the other transactions contemplated by the Business Combination Agreement on the terms and subject to the conditions set forth therein.

    

    

    The obligations of the Sponsor specified in this paragraph 1 shall apply whether or not the Merger or any action described above is recommended by the
      Sandbridge Board.

    

    

    	2)	
            The Sponsor agrees that it shall not:

          

    

    

    	

          	a)	
            Transfer any Founder Shares or Private Placement Warrants (or shares of Common Stock issued or issuable upon the exercise of Private Placement Warrants) until 18 months after the
              Closing (the “Lock-up Period”). Notwithstanding the foregoing, the Sponsor shall be entitled to Transfer (i) one-third (1/3) of the Founder Shares and one-third (1/3) of the Private
              Placement Warrants Beneficially Owned by the Sponsor as of the Closing (and shares of Common Stock issued or issuable upon the exercise or conversion of such Private Placement Warrants) if the closing price of the Common Stock equals or
              exceeds $12.50 per share for any 20 trading days within any 30-trading day period commencing at least 240 days following the Closing and (ii) an additional one-third (1/3) of the Founder Shares and one-third (1/3) of the Private Placement
              Warrants Beneficially Owned by the Sponsor as of the Closing (and shares of Common Stock issued or issuable upon the exercise or conversion of such Private Placement Warrants) if the closing price of the Common Stock equals or exceeds $15.00
              per share for any 20 trading days within any 30-trading day period commencing at least 240 days following the Closing.

          

    

    

    	

          	b)	
            Notwithstanding the provisions set forth in paragraphs 2(a), Transfers of the Founder Shares, Private Placement Warrants and shares of Common Stock issued or issuable upon the exercise
              or conversion of the Private Placement Warrants and that are held by the Sponsor, any Insider or any of their permitted transferees (that have complied with this paragraph 2(b)) are permitted (A) to Sandbridge’s officers or directors, any
              affiliate or family member of any of Sandbridge’s officers or directors or any affiliate of the Sponsor or to any member(s) of the Sponsor or any of their respective affiliates; (B) in the case of an individual, by gift to a member of such
              individual’s immediate family or a charitable organization or to a trust, the beneficiary of which is a member of such individual’s immediate family, an affiliate of such individual or to a charitable organization; (C) in the case of an
              individual, by virtue of laws of descent and distribution upon death of such individual; (D) in the case of an individual, pursuant to a qualified domestic relations order; and (E) by private transfers or transfers made in connection with any
              contingent forward purchase agreement or similar arrangement or in connection with the consummation of the Business Combination at prices no greater than the price at which the shares or warrants were originally purchased; provided, however,
              that in the case of clauses (A) through (E), these permitted transferees, to the extent not already party hereto, must enter into a written agreement with Sandbridge agreeing to be bound by this Agreement.

          

    

    

    
      

      
        

      

    

    

    

    	3)	
            Vesting Provisions.  The Sponsor agrees that, as of immediately prior to (but subject to) the Closing, all of the Founder Shares held by the Sponsor as of the Closing shall be
              subject to the vesting and forfeiture provisions set forth in this paragraph 3.  The Sponsor agrees that it shall not (and will cause its affiliates not to) Transfer any unvested Founder Shares held by the Sponsor prior to the date such
              Founder Shares become vested pursuant to this paragraph 3, except to the extent permitted by paragraph 2(b).  For the avoidance of doubt, the Founder Shares beneficially owned by the individual Insiders other than the Sponsor shall not be
              subject to vesting or forfeiture.

          

    

    

    	

          	a)	
            Vesting of Founder Shares.

          

    

    

    	

          	i)	
            Shares Subject to Vesting.  50% of the Founder Shares Beneficially Owned by the Sponsor as of the Closing shall not be subject to vesting and
              shall convert to shares of Common Stock in accordance with the terms of the Amended and Restated Certificate of Incorporation of Sandbridge.

          

    

    

    	

          	ii)	
            Shares Subject to Vesting.   The remaining 50% of the Founder Shares Beneficially Owned by the Sponsor as of the Closing shall convert to shares
              of Common Stock in accordance with the terms of the Amended and Restated Certificate of Incorporation of Sandbridge and be subject to the following performance vesting terms: (1) 25% of the Founder Shares Beneficially Owned by the Sponsor as
              of the Closing shall vest at such time as a $12.50 stock price level is achieved and (2) the remaining 25% of the Founder Shares Beneficially Owned by the Sponsor as of the Closing shall vest at such time as a $15.00 stock price level is
              achieved, in each case, on or before the fifth anniversary of the Closing Date. Such stock price levels will be equitably adjusted on account of any share split, reverse share split or similar equity restructuring transaction. Founder Shares
              subject to vesting pursuant to this paragraph 3(a)(ii) that do not vest in accordance with the terms of this paragraph 3(a)(ii) shall be forfeited.

          

    

    

    	

          	b)	
            Forfeiture of Unvested Founder Shares. Unvested Founder Shares that are forfeited pursuant to paragraph 3(a)(ii) shall be cancelled, without any consideration for such Transfer.

          

    

    

    	

          	c)	
            Stock Price Level.  For purposes of this paragraph 3, the “stock price level” will be considered achieved only (a) when the closing price of a share of Common Stock on the New
              York Stock Exchange (or other exchange or other market where the Common Stock is then traded) is greater than or equal to the applicable price for any 20 trading days within a 30 trading day period or (b) in a Sandbridge Sale, the price paid
              per share of Common Stock in such Sandbridge Sale is greater than or equal to the applicable price (to the extent the price paid per share includes contingent consideration or property other than cash, the Sandbridge Board shall determine the
              price paid per share of Common Stock in such Sandbridge Sale in good faith).

          

    

    

    	4)	
            The Sponsor and each Insider hereby agrees that, during the period commencing on the date hereof and ending at the Effective Time, the Sponsor and each Insider shall not modify or amend
              any Contract between or among Sponsor or such Insider, anyone related by blood, marriage or adoption to the Sponsor or such Insider or any affiliate of the Sponsor or such Insider (other than Sandbridge and its Subsidiaries), on the one hand,
              and Sandbridge or any of Sandbridge’s Subsidiaries, on the other hand.

          

    

    

    
      

      
        

      

    

    

    

    	5)	
            As used herein, (i) “Beneficially Own” has the meaning ascribed to it in Section 13(d) of the Securities Exchange Act; (ii) “Founder Shares” shall mean the shares of Class B common stock, par value $0.0001 per share, and the shares of Common Stock issuable upon conversion of such shares in connection with the
              Closing; (iii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or
              agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the
              rules and regulations promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether
              any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); provided that the exercise of any Private
              Placement Warrant(s) by the Sponsor or any permitted transferee of Sponsor, at any time, in the Sponsor or such transferee’s sole and absolute discretion, shall not constitute a “Transfer; (iv) “Common Stock” shall mean the Class A Common Stock, par value $0.0001 per share of Sandbridge; (v) “Private Placement Warrants” shall mean the Sandbridge Warrants to purchase up to 6,600,000 shares of Common Stock that the Sponsor purchased for an aggregate purchase price $6,600,000, or $1.00 per
              Warrant, in a private placement that occurred simultaneously with the consummation of Sandbridge’s initial public offering; (vi) “Sandbridge Sale” shall mean the occurrence of any of
              the following events (which, for the avoidance of doubt, shall not include the Business Combination): (a) any Person or any group of Persons acting together which would constitute a “group” for purposes of Section 13(d) of the Exchange Act or
              any successor provisions thereto is or becomes the beneficial owner, directly or indirectly, of securities of Sandbridge representing more than 50% of the combined voting power of Sandbridge’s then outstanding voting securities, (b)
              consummation of a merger or consolidation of Sandbridge with any other corporation or other entity, and, immediately after the consummation of such merger or consolidation, either (x) the Sandbridge Board immediately prior to the merger or
              consolidation does not constitute at least a majority of the board of directors of the company surviving the merger or, if the surviving company is a Subsidiary, the ultimate parent thereof, or (y) the voting securities of Sandbridge
              immediately prior to such merger or consolidation do not continue to represent or are not converted into more than 50% of the combined voting power of the then outstanding voting securities of the Person resulting from such merger or
              consolidation or, if the surviving company is a Subsidiary, the ultimate parent thereof, or (c) the shareholders of Sandbridge approve a plan of complete liquidation or dissolution of Sandbridge or there is consummated an agreement or series
              of related agreements for the sale, lease or other disposition, directly or indirectly, by Sandbridge of all or substantially all of the assets of Sandbridge and its Subsidiaries, taken as a whole, other than such sale or other disposition by
              Sandbridge of all or substantially all of the assets of Sandbridge and its Subsidiaries, taken as a whole, to an entity at least 50% of the combined voting power of the voting securities of which are owned by shareholders of Sandbridge in
              substantially the same proportions as their ownership of Sandbridge immediately prior to such sale; and (vii) “Alternative Business Combination Proposal” means any action to solicit,
              initiate, continue or engage in discussions or negotiations with, or enter into any agreement, letter of intent, memorandum of understanding or agreement in principle with, or encourage, respond, provide information to or commence due
              diligence with respect to, any Person (other than the Company, its stockholders or any of their affiliates or Representatives), concerning, relating to or which is intended or is reasonably likely to give rise to or result in, any offer,
              inquiry, proposal or indication of interest, written or oral relating to any merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving Sandbridge.

          

    

    

    	6)	
            This Sponsor Agreement, the Business Combination Agreement and the other agreements referenced herein and therein constitute the entire agreement and understanding of the parties hereto
              in respect of the subject matter hereof and supersede all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the
              transactions contemplated hereby, including, without limitation, with respect to the Sponsor, each Insider and the Prior Letter Agreement. This Sponsor Agreement may not be changed, amended, modified or waived (other than to correct a
              typographical error) as to any particular provision, except by a written instrument executed by Sandbridge and the other parties charged with such change, amendment, modification or waiver, it being acknowledged and agreed that the Company’s
              execution of such an instrument will not be required after any valid termination of the Business Combination Agreement.

          

    

    

    
      

      
        

      

    

    

    

    	7)	
            Subject to, and conditioned upon, the occurrence of the Closing, to the fullest extent permitted by Law and the certificate of incorporation and bylaws of Sandbridge, Sponsor and each
              Insider hereby irrevocably and unconditionally waives and agrees not to assert or perfect any rights to adjustment or other anti-dilution protection with respect to the rate that the Founder Shares held by him, her or it converts into Common
              Stock pursuant to Section 4.3 of the certificate of incorporation of Sandbridge or any other adjustment or anti-dilution protections that arise in connection with the issuance of Common Stock (including in connection with the PIPE
              Investment).

          

    

    

    	8)	
            No party hereto may, except as set forth herein, assign either this Sponsor Agreement or any of its rights, interests, or obligations hereunder, other than in conjunction with transfers
              permitted by paragraph 2 or, in the case of the Investors, to an affiliate of such Investor, without the prior written consent of the other parties; provided, that such assignment by an Investor shall not relieve such Investor of its
              obligations under this Agreement. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Sponsor Agreement shall
              be binding on the Sponsor, each Insider, Sandbridge and the Company and their respective successors, heirs, personal representatives and assigns and permitted transferees.

          

    

    

    	9)	
            Nothing in this Sponsor Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties hereto any right, remedy or claim under or by reason of
              this Sponsor Agreement or of any covenant, condition, stipulation, promise or agreement hereof. All covenants, conditions, stipulations, promises and agreements contained in this Sponsor Agreement shall be for the sole and exclusive benefit
              of the parties hereto and their successors, heirs, personal representatives and assigns and permitted transferees.

          

    

    

    	10)	
            This Sponsor Agreement may be executed in any number of original, electronic or facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original,
              and all such counterparts shall together constitute but one and the same instrument.

          

    

    

    	11)	
            This Sponsor Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Sponsor
              Agreement or of any other term or provision hereof.  Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Sponsor Agreement a provision as similar
              in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

          

    

    

    	12)	
            This Sponsor Agreement, and all claims or causes of action based upon, arising out of, or related to this Sponsor Agreement or the transactions contemplated hereby, shall be governed
              by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to principles or rules of conflict of laws to the extent such principles or rules would require or permit the application of Laws of another
              jurisdiction.  Any Proceeding based upon, arising out of or related to this Sponsor Agreement or the transactions contemplated hereby may be brought in federal and state courts located in Wilmington in the State of Delaware, and each of the
              parties irrevocably submits to the exclusive jurisdiction of each such court in any such Proceeding, waives any objection it may now or hereafter have to personal jurisdiction, venue or convenience of forum, agrees that all claims in respect
              of the Proceeding shall be heard and determined only in any such court, and agrees not to bring any Proceeding arising out of or relating to this Sponsor Agreement or the transactions contemplated hereby in any other court.  Nothing herein
              contained shall be deemed to affect the right of any party to serve process in any manner permitted by Law or to commence legal proceedings or otherwise proceed against any other party in any other jurisdiction, in each case, to enforce
              judgments obtained in any Proceeding brought pursuant to this paragraph.  The prevailing party in any such Proceeding (as determined by a court of competent jurisdiction) shall be entitled to be reimbursed by the non-prevailing party for its
              reasonable expenses, including reasonable attorneys’ fees, incurred with respect to such Proceeding.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY PROCEEDING BASED UPON, ARISING OUT OF OR
              RELATED TO THIS SPONSOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY

          

    

    

    
      

      
        

      

    

    

    

    	13)	
            Any notice, consent or request to be given in connection with any of the terms or provisions of this Sponsor Agreement shall be in writing and shall be sent by express mail or similar
              private courier service, by certified mail (return receipt requested), by hand delivery or facsimile or e-mail transmission.

          

    

    

    	14)	
            This Sponsor Agreement shall terminate upon a Sandbridge Sale and, if earlier, the latest to occur of (a) the earlier of (i) the achievement of a $15.00 stock price level and (ii) the
              fifth anniversary of the Closing Date and (b) the expiration of the Lock-up Period.  In the event of a valid termination of the Business Combination Agreement, this Sponsor Agreement shall be of no force and effect and the parties agree that
              the Prior Letter Agreement shall be effective and binding upon them in accordance with its terms notwithstanding the amendment and restatement of such agreement herein. No such termination or reinstatement of the Prior Letter Agreement shall
              relieve the Sponsor, any Insider, Sandbridge or the Company from any liability resulting from a breach of this Sponsor Agreement occurring prior to such termination or reinstatement.

          

    

    

    	15)	
            The Sponsor and each Insider hereby represents and warrants (severally and not jointly, and as to itself, himself or herself only) to Sandbridge and the Company as follows: (i) if such
              Person is not an individual, it is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized, and such party has all necessary power and authority to execute, deliver and perform this
              Sponsor Agreement and consummate the transactions contemplated hereby; (ii) if such Person is an individual, such Person has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform his or her
              obligations hereunder; (iii) this Sponsor Agreement has been duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes
              a legally valid and binding obligation of such Person, enforceable against such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general
              principles of equity affecting the availability of specific performance and other equitable remedies); (iv) the execution and delivery of this Sponsor Agreement by such Person does not, and the performance by such Person of his, her or its
              obligations hereunder will not, (A) if such Person is not an individual, conflict with or result in a violation of the organizational documents of such Person, or (B) require any consent or approval that has not been given or other action
              that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Founder Shares or Private Placement Warrants, as applicable), in each case, to the extent such consent, approval or other
              action would prevent, enjoin or materially delay the performance by such Person of his, her or its obligations under this Sponsor Agreement; (v) there are no Proceedings pending against such Person or, to the knowledge of such Person,
              threatened against such Person, before (or, in the case of threatened Proceedings, that would be before) any arbitrator or any Governmental Authority, which in any manner challenges or seeks to prevent, enjoin or materially delay the
              performance by such Person of its, his or her obligations under this Sponsor Agreement; (vi) except for fees described on Section 4.4 of the Sandbridge
              Disclosure Schedules, no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person or its controlled Affiliates in connection with the Business Combination
              Agreement or the transactions contemplated thereby based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which Sandbridge or any of its controlled Affiliates or, following the
              Closing, the Company or any of its controlled Affiliates, would have any obligations or liabilities of any kind or nature; (vii) such Person has had the opportunity to read the Business Combination Agreement and this Sponsor Agreement and has
              had the opportunity to consult with its tax and legal advisors; (viii) such Person has not entered into, and shall not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations
              hereunder; (ix) such Person has good title to all such Founder Shares and Private Placement Warrants, and there exist no Liens or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell
              or otherwise dispose of such Founder Shares or Private Placement Warrants) affecting any such Founder Shares or Private Placement Warrants, other than pursuant to (A) this Sponsor Agreement, (B) the amended and restated certificate of
              incorporation of Sandbridge, (C) the Business Combination Agreement, (D) the Registration Rights Agreement, dated as of September 14, 2020, by and among Sandbridge and certain security holders, (E) the Amended and Restated Limited Liability
              Company Agreement of the Sponsor or (F) any applicable securities laws; and (x) the Founder Shares and Private Placement Warrants identified on Schedule A are the only Founder Shares or Private Placement Warrants Beneficially Owned by
              such Person as of the date hereof.

          

    

    

    	16)	
            The Sponsor and each Insider hereby agrees and acknowledges that: (i) Sandbridge and, prior to any valid termination of the Business Combination Agreement, the Company would be
              irreparably injured in the event of a breach by the Sponsor or any Insider of its, his or her obligations under paragraphs 1 and 2, as applicable, of this Sponsor Agreement, (ii) monetary damages may not be an adequate remedy for such breach
              and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach. The Sponsor and each Insider shall also be entitled to seek
              injunctive relief, in addition to any other remedy that such parties may have in law or in equity, in the event of a breach under this Sponsor Agreement.

          

    

    

    	17)	
            Through the date of the Closing, Sandbridge will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and each Insider who is a director or
              officer of Sandbridge or its subsidiaries shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any other Sandbridge director or officer.

          

    

    

    	18)	
            Sandbridge shall not, without the prior consent of each of the Investors, (i) include the name of the Investors or any of their respective affiliates in any disclosure, marketing
              materials, tombstones and other usages in connection with the activities of the Company or in connection with the Merger or thereafter; (ii) amend any term of the Founder Shares, including, but not limited to, the economic terms or terms
              regarding transferability; (iii) amend any term of the Private Placement Warrants, including, but not limited to, economic terms or terms regarding transferability; or (iv) amend any terms of the Trust Account.

          

    

    

    	19)	
            If, and as often as, (a) there is any stock split, stock dividend, combination or reclassification that results in the Sponsor acquiring new Founder Shares or new Private Placement
              Warrants, (b) the Sponsor purchases or otherwise acquires beneficial ownership of any Founder Shares or the Private Placement Warrants after the date of this Sponsor Agreement, or (c) Sponsor acquires the right to vote or share in the voting
              of any Founder Shares after the date of this Sponsor Agreement (such Founder Shares and Private Placement Warrants collectively the “New Securities”), then, in each case, such New
              Securities acquired or purchased by the Sponsor shall be subject to the terms of this Sponsor Agreement to the same extent as if they constituted Founder Shares or Private Placement Warrants owned by Sponsor as of the date hereof.

          

    

    

    	20)	
            Each of the parties hereto agrees to execute and deliver hereafter any further document, agreement or instrument of assignment, transfer or conveyance as may be necessary or desirable
              to effectuate the purposes hereof and as may be reasonably requested in writing by another party hereto.

          

    

    

    [signature page follows]

    

    

    
      

      
        

      

    

    

    

    	 	
            Sincerely,

          
	 	 	 
	 	
            SANDBRIDGE ACQUISITION HOLDINGS LLC

          
	 	 	 
	 	
            By:

          	
            /s/ Richard Henry

          
	 	 	
            Name: Richard Henry

          
	 	 	
            Title: Manager

          
	 	 	 
	 	
            INVESTORS

          
	 	 	 
	 	
            GCCU IX LLC

          
	 	 	 
	 	
            By:

          	
            /s/ Russell D. Gannaway

          
	 	 	
            Name: Russell D. Gannaway

          
	 	 	
            Title: Authorized Person

          
	 	 	 
	 	
            TOCU XXXIV LLC

          
	 	 	 
	 	
            By:

          	
            /s/ Russell D. Gannaway

          
	 	 	
            Name: Russell D. Gannaway

          
	 	 	
            Title: Authorized Person

          
	 	 	 
	 	
            SANDBRIDGE SPONSOR LLC

          
	 	 	 
	 	
            By:

          	
            /s/ Richard Henry

          
	 	 	
            Name: Richard Henry

          
	 	 	
            Title: Chief Executive Officer

          

    

    

    
      

      
        

      

    

    

    

    	 	
            INSIDERS

          
	 	 
	 	
            /s/ Ken Suslow

          
	 	
            Ken Suslow

          
	 	 
	 	
            /s/ Joe Lamastra

          
	 	
            Joe Lamastra

          
	 	 
	 	
            /s/ Richard Henry

          
	 	
            Richard Henry

          
	 	 
	 	
            /s/ Domenico De Sole

          
	 	
            Domenico De Sole

          
	 	 
	 	
            /s/ Michael Goss

          
	 	
            Michael Goss

          
	 	 
	 	
            /s/ Krystal Kahler

          
	 	
            Krystal Kahler

          
	 	 
	 	
            /s/ Ramez Toubassy

          
	 	
            Ramez Toubassy

          
	 	 
	 	
            /s/ Jamie Weinstein

          
	 	
            Jamie Weinstein

          
	 	 
	 	
            /s/ Thomas Hilfiger

          
	 	
            Thomas Hilfiger

          

    

    

    
      

      
        

      

    

    

    

    	
            Acknowledged and Agreed:

          	 
	 	 
	
            SANDBRIDGE ACQUISITION CORPORATION

          	 
	 	 	 
	
            By:

          	
            
               /s/ Ken Suslow

            

          	 
	 	
            Name: Ken Suslow

          	 
	 	
            Title: Chief Executive Officer

          	 
	 	 	 
	
            Acknowledged and Agreed:

          	 
	 	 
	
            OWLET BABY CARE INC.

          	 
	 	 	 
	
            By:

          	
            
               /s/ Kurt Workman

            

          	 
	 	
            Name: Kurt Workman

          	 
	 	
            Title: CEO

          	 

    

    

    
      

      
        

      

    

    

    

    Schedule A

    

    

    Sponsor Ownership of Securities

    

    

    	
            Sponsor

          	
            Founder Shares

          	
            Private Placement Warrants

          
	
            Sandbridge Acquisition Holdings LLC

          	
            5,615,000

          	
            6,600,000

          
	
            Total

          	
            5,615,000

          	
            6,600,000

          

    

    

    Insider Ownership of Securities

    

    

    	
            Insider

          	
            Founder Shares

          	
            Private Placement Warrants

          
	
            Ken Suslow

          	
            -

          	
            -

          
	
            Richard Henry

          	
            -

          	
            -

          
	
            Joe Lamastra

          	
            -

          	
            -

          
	
            Domenico De Sole

          	
            40,000

          	
            -

          
	
            Michael Goss

          	
            40,000

          	
            -

          
	
            Krystal Kahler

          	
            -

          	
            -

          
	
            Ramez Toubassy

          	
            25,000

          	
            -

          
	
            Jamie Weinstein

          	
            -

          	
            -

          
	
            Thomas Hilfiger

          	
            30,000

          	
            -

          
	
            Total

          	
            135,000

          	
            -Document

Execution Version

Exhibit 10(a)(6)
AMENDMENT NO. 4 TO CREDIT AGREEMENT
This Amendment No. 4 to Credit Agreement, dated as of June 26, 2020 (this “Amendment”), is entered into by and among Howmet Aerospace Inc., a Delaware corporation (“Howmet”), the Lenders (as defined below), Citibank, N.A. and JPMorgan Chase Bank, N.A. (each, an Issuer with respect to the L/C Commitments under the Existing Credit Agreement referenced below), Citibank, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), and JPMorgan Chase Bank, N.A., as syndication agent. Capitalized terms used but not otherwise defined herein have the meanings assigned to such terms in the Existing Credit Agreement referenced below.
W I T N E S S E T H:
WHEREAS, reference is made to that certain Five-Year Revolving Credit Agreement, dated as of July 25, 2014 (as amended and extended by the letter agreement, dated June 5, 2015, and as further amended pursuant to Amendment No. 1 to Credit Agreement, dated as of September 16, 2016, and as further amended pursuant to Amendment No. 2 to Credit Agreement, dated as of June 29, 2018, and as further amended pursuant to Amendment No. 3, dated as of March 4, 2020, the “Existing Credit Agreement”; the Existing Credit Agreement, as amended by this Amendment, the “Credit Agreement”), among Howmet, the lenders and issuers from time to time party thereto, the Administrative Agent and JPMorgan Chase Bank, N.A., as Syndication Agent;
        WHEREAS, Howmet has requested that the Existing Credit Agreement be amended on the terms and conditions set forth herein;
WHEREAS, Howmet has requested, and the Lenders and the Administrative Agent have agreed, on the terms and conditions set forth herein, to make certain amendments to the Existing Credit Agreement as provided herein;
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Section 1.Definitions.  Unless otherwise specifically defined herein, each term used herein (including in the recitals above) that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement.
Section 2.Amendments to the Existing Credit Agreement upon the Amendment No. 4 Effective Date. Subject to the satisfaction of the conditions set forth in Section 4 below, the parties hereto agree that the Existing Credit Agreement shall be amended, with effect upon the Amendment No. 4 Effective Date (as defined in Section 4 below), as follows: 
iii.Article I of the Existing Credit Agreement is hereby amended by amending Section 1.01 thereof to insert the following new defined terms in their correct alphabetical order:
“Amendment No. 4” shall mean Amendment No. 4 to this Agreement, dated as of June 26, 2020. 
“Amendment No 4. Effective Date” shall have the meaning assigned to such term in Amendment No. 4. 

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“Covenant Relief Period” means the period commencing on June 30, 2020, and ending on (and including) the Covenant Relief Period Termination Date. 
“Covenant Relief Period Termination Date” means the earlier of (a) December 31, 2021 and (b) the date on which the Administrative Agent receives an Covenant Relief Period Termination Notice from Howmet; provided that, with respect to clause (b) hereof, no Event of Default or Default shall have occurred and be continuing.
“Covenant Relief Period Termination Notice” means a certificate of a Responsible Officer of Howmet (a) stating that Howmet irrevocably elects to terminate the Covenant Relief Period effective as of the date set forth in such certificate (which date shall be no earlier than the date of the certificate) delivered to the Administrative Agent and (b) certifying that (x) the Consolidated Net Debt to Consolidated EBITDA as of the end of the fiscal quarter for the period of the four fiscal quarters of Howmet most recently ended did not exceed 3.50 to 1.00 and (y) at the time of and immediately after the Covenant Relief Period Termination Date no Event of Default or Default shall have occurred and be continuing.
“Existing Preferred Stock” means the $3.75 Cumulative Preferred Stock, par value $100 per share of Howmet issued as of the Amendment No. 4 Effective Date.
“Restricted Payment” means (a) any dividend, distribution or any other payment (whether direct or indirect) on account of any stock or equity interests of any Borrower or any of its Subsidiaries now or hereafter outstanding and (b) any redemption, retirement, sinking fund or similar payment, purchase, repurchase or other acquisition for value (direct or indirect) of any stock or equity interests of the Borrower or any of its Subsidiaries now or hereafter outstanding, in each case other than (v) with respect to Existing Preferred Stock, (w) by any Subsidiary to another Subsidiary or any Borrower, (x) Restricted Payments by Howmet payable solely in the common stock or other common equity interests of Howmet, (y) payments in lieu of the issuance of fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for stock and (z) repurchase of equity interests upon the exercise of stock options if such equity interests represent a portion of the exercise price of such stock options.
iii.Article I of the Existing Credit Agreement is hereby amended by amending Section 1.01 thereof by amending and restating the following defined terms in their entirety as follows:
“Applicable Margin” shall mean:
     (a) as of any date of determination, other than during the Covenant Relief Period, a per annum rate equal to the rate set forth below opposite the applicable Type of Loan and the Index Debt Ratings in effect on such date set forth below; provided, that in the event the Index Debt Ratings fall within different categories, the Applicable Margin shall be based on the category 
2

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corresponding to the higher of such Index Debt Ratings, unless such Index Debt Ratings differ by two or more categories, in which case the spreads shall be based upon the category one level below the category corresponding to the higher of such Index Debt Ratings; 
																					
		Category 1	Category 2	Category 3	Category 4	Category 5	Category 6
		Index Debt Ratings of at least BBB+ by S&P and/or Baa1 by Moody’s	Index Debt Ratings less than Category 1, but at least BBB by S&P and/or Baa2 by Moody’s	Index Debt Ratings less than Category 2, but at least BBB- by S&P and/or Baa3 by Moody’s.	Index Debt Ratings less than Category 3, but at least BB+ by S&P and/or Ba1 by Moody’s.	Index Debt Ratings less than Category 4, but at least  BB by S&P and/or Ba2 by Moody’s.	Index Debt Ratings equal to or lower than BB- by S&P and/or Ba3 by Moody’s.
	Applicable Margin for LIBOR Loans	1.015%	1.125%	1.325%	1.50%	1.70%	1.90%
	Applicable Margin for Base Rate Loans	0.015%	0.125%	0.325%	0.50%	0.70%	0.90%

    (b) as of any date of determination during the Covenant Relief Period, for the period through (and including) the fiscal quarter ending June 30, 2021, a per annum rate equal to the rate set forth below opposite the applicable Type of Loan and the Index Debt Ratings in effect on such date set forth below; provided, that in the event the Index Debt Ratings fall within different categories, the Applicable Margin shall be based on the category corresponding to the higher of such Index Debt Ratings, unless such Index Debt Ratings differ by two or more categories, in which case the spreads shall be based upon the category one level below the category corresponding to the higher of such Index Debt Ratings;
																					
		Category 1	Category 2	Category 3	Category 4	Category 5	Category 6
		Index Debt Ratings of at least BBB+ by S&P and/or Baa1 by Moody’s	Index Debt Ratings less than Category 1, but at least BBB by S&P and/or Baa2 by Moody’s	Index Debt Ratings less than Category 2, but at least BBB- by S&P and/or Baa3 by Moody’s.	Index Debt Ratings less than Category 3, but at least BB+ by S&P and/or Ba1 by Moody’s.	Index Debt Ratings less than Category 4, but at least  BB by S&P and/or Ba2 by Moody’s.	Index Debt Ratings equal to or lower than BB- by S&P and/or Ba3 by Moody’s.
	Applicable Margin for LIBOR Loans	1.515%	1.625%	1.825%	2.00%	2.20%	2.40%
	Applicable Margin for Base Rate Loans	0.515%	0.625%	0.825%	1.00%	1.20%	1.40%

    (c) as of any date of determination during the Covenant Relief Period, for the period following the fiscal quarter ending June 30, 2021, a per annum rate equal to the rate set forth below opposite the applicable Type of Loan and the Index Debt Ratings in effect on such date set forth below; provided, that in the event the Index Debt Ratings fall within different categories, the Applicable Margin shall be based 
3

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on the category corresponding to the higher of such Index Debt Ratings, unless such Index Debt Ratings differ by two or more categories, in which case the spreads shall be based upon the category one level below the category corresponding to the higher of such Index Debt Ratings:

																					
		Category 1	Category 2	Category 3	Category 4	Category 5	Category 6
		Index Debt Ratings of at least BBB+ by S&P and/or Baa1 by Moody’s	Index Debt Ratings less than Category 1, but at least BBB by S&P and/or Baa2 by Moody’s	Index Debt Ratings less than Category 2, but at least BBB- by S&P and/or Baa3 by Moody’s.	Index Debt Ratings less than Category 3, but at least BB+ by S&P and/or Ba1 by Moody’s.	Index Debt Ratings less than Category 4, but at least  BB by S&P and/or Ba2 by Moody’s.	Index Debt Ratings equal to or lower than BB- by S&P and/or Ba3 by Moody’s.
	Applicable Margin for LIBOR Loans	1.265%	1.375%	1.575%	1.75%	1.95%	2.15%
	Applicable Margin for Base Rate Loans	0.265%	0.375%	0.575%	0.75%	0.95%	1.15%

“Commitment” shall mean, with respect to each Lender, the commitment of such Lender to make Loans and acquire interests in Letters of Credit as set forth in this Agreement in the aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01(a) or in any Assignment and Assumption or Accession Agreement pursuant to which such Lender first becomes a Lender hereunder, as the same may be terminated or reduced from time to time pursuant to Section 2.10 or Section 10.04(h), increased from time to time pursuant to Section 2.20 or extended pursuant to Section 2.21. As of the Amendment No. 4 Effective Date, the aggregate amount of Commitments is $1,000,000,000.
iv.Article VI of the Existing Credit Agreement is hereby amended by amending and restating Section 6.01(b) thereof in its entirety as follows:
(b)    Notwithstanding paragraph (a) of this Section 6.01 and in addition to the Liens permitted thereunder, each Borrower and any Restricted Subsidiary may create or incur Liens which would otherwise be subject to the foregoing restrictions to secure Indebtedness for borrowed money in an aggregate outstanding amount which does not at the time exceed (x) during the Covenant Relief Period, $400,000,000 (less any amounts incurred by any Subsidiary under Section 6.06) or (y) at any time other than during the Covenant Relief Period, 10% of the Consolidated Net Tangible Assets of Howmet and its consolidated Subsidiaries at such time.
v.Article VI of the Existing Credit Agreement is hereby amended by amending and restating Section 6.03 thereof in its entirety as follows:
    Section 6.03. Consolidated Net Leverage Ratio. Howmet shall not permit the ratio of Consolidated Net Debt to Consolidated EBITDA as of the end of each fiscal quarter for the period of the four fiscal quarters of Howmet 
4

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most recently ended, to be greater than 3.50 to 1.00; provided, however, that notwithstanding the foregoing, during the Covenant Relief Period, Howmet shall not permit the ratio of Consolidated Net Debt to Consolidated EBITDA as of the end of each fiscal quarter for the period of the four fiscal quarters of Howmet set forth below, to exceed the applicable level set forth below opposite such period under the heading “Consolidated Net Debt to Consolidated EBITDA”:
						
	Fiscal Quarter Ending	Consolidated Net Debt to Consolidated EBITDA
	June 30, 2020	5.00 to 1.00
	September 30, 2020	5.00 to 1.00
	December 31, 2020	5.00 to 1.00
	March 31, 2021	5.25 to 1.00
	June 30, 2021	5.00 to 1.00
	September 30, 2021	4.50 to 1.00
	December 31, 2021	4.00 to 1.00

vi.Article VI of the Existing Credit Agreement is hereby amended by inserting, after Section 6.04 thereof, the following new Section 6.05:
        Section 6.05. Restricted Payments. During the Covenant Relief Period, declare, order, pay, make, or permit any Subsidiary to declare, order, pay or make, any Restricted Payment except for so long as there are no Revolving Credit Outstandings immediately prior to or after giving effect to such Restricted Payment, in an aggregate amount not to exceed the sum of (x) $100,000,000 and (y) after June 30, 2021, if the ratio of Consolidated Net Debt to Consolidated EBITDA after giving effect thereto on a pro forma basis is less than or equal to 3.75 to 1.00, $150,000,000.
vii.Article VI of the Existing Credit Agreement is hereby amended by inserting, after Section 6.05 thereof, the following new Section 6.06:
            Section 6.06. Subsidiary Indebtedness. During the Covenant Relief Period, permit any Subsidiary to directly or indirectly create, incur, assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to any Indebtedness except in an aggregate outstanding amount which does not at the time exceed $400,000,000 (less any amounts secured by any Borrower or Restricted Subsidiary under Section 6.01(b)). 
viii.Article VI of the Existing Credit Agreement is hereby amended by inserting, after Section 6.06 thereof, the following new Section 6.07:
            Section 6.07. Accounts Receivable and Securitization. During the Covenant Relief Period, enter, or permit any Subsidiary to enter, into any accounts receivable facility or similar financing facility or transaction (including any securitization or non-recourse accounts receivable financing but excluding, for the avoidance of doubt, any supply chain financing) providing for the 
5

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factoring, sale or pledge of receivables or similar assets; provided, however, that the foregoing shall not apply to facilities or transactions for which the aggregate outstanding amount of (x) any Indebtedness attributable thereto and (y) to the extent not included as a liability on the consolidated balance sheet of Howmet and its Subsidiaries in accordance with GAAP, the amount of the financing component for such facility or transaction that would appear on a balance sheet of such Person prepared on such date in accordance with GAAP if such financing component were accounted for as Indebtedness incurred by such person, does not at the time exceed $500,000,000.  For purposes of determining compliance with this Section 6.07, the amount of any Indebtedness or obligation denominated in any currency other than Dollars shall be calculated based on customary currency exchange rates in effect on the date on which such Indebtedness or obligation was incurred. 
ix.Article X of the Existing Credit Agreement is hereby amended by amending and restating Section 10.13 thereof in its entirety as follows:
        Section 10.13. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one contract, and shall become effective as provided in Section 10.03. The words “execution,” “execute,” “signature” and words of like import in this Agreement shall be deemed to include electronic signatures, which shall be of the same legal effect, validity or enforceability as a manually executed signature, to the extent and as provided for in any applicable law, including the 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.
Section 3.Reduction and Deemed Assignment of Commitments
iii.Subject to the terms and conditions set forth herein, upon the Amendment No. 4 Effective Date, each lender party hereto hereby agrees to commit to provide its respective Commitment as set forth in Schedule 2.01(a) of Exhibit A hereto (which shall be deemed to supersede and replace Schedule 2.01(a) of the Existing Credit Agreement on the Amendment No. 4 Effective Date) (each lender listed on Schedule 2.01(a) of Exhibit A hereto, a “Lender”). Schedule 2.01(a) of Exhibit A hereto shall be deemed to supersede and replace Schedule 2.01(a) of the Existing Credit Agreement upon the Amendment No. 4 Effective Date; provided, that, in the event that, following the date hereof but prior to the occurrence of the Amendment No. 4 Effective Date, any Commitments are assigned or changed pursuant to the Credit Agreement (other than as set forth above), then upon the Amendment No. 4 Effective Date, the Administrative Agent shall make such changes to Schedule 2.01(a) of Exhibit A hereto solely to the extent necessary to give effect to any such assignment or change and to the other provisions of this Section 3(a). 
iii.Each Issuer committed to providing L/C Commitments under the Existing Credit Agreement immediately prior to the effectiveness of this Amendment shall continue to act in such capacity immediately following the effectiveness hereof. Schedule 2.01(b) of Exhibit A hereto shall be deemed to supersede and replace Schedule 2.01(b) of the Existing Credit Agreement upon the Amendment No. 4 Effective Date; provided, that, in the event that, following the date hereof but prior to 
6

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the occurrence of the Amendment No. 4 Effective Date, any L/C Commitments are changed pursuant to the Credit Agreement (other than as set forth above), then upon the Amendment No. 4 Effective Date, the Administrative Agent shall make such changes to Schedule 2.01(b) of Exhibit A hereto solely to the extent necessary to give effect to any such change and to the other provisions of this Section 3(b).
Section 4.Conditions Precedent to Amendment No. 4 Effective Date.
The amendments set forth under Sections 2 and 3 herein shall be effective upon the date on which the following conditions precedent are satisfied (such date, the “Amendment No. 4 Effective Date”):
iii.Amendment.  The Administrative Agent shall have received counterparts of this Amendment, duly executed by Howmet, the Lenders, each Issuer and the Administrative Agent.
iii.Fees and Expenses.  The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Amendment No. 4 Effective Date (including, without limitation, (x) consent fees payable to the Lenders pursuant to Section 4(g) below and (y) fees and other amounts due and payable under Section 10.05 (Expenses; Indemnity) of the Existing Credit Agreement). 
iv.Corporate Documents.  The Administrative Agent shall have received (i) a copy, including all amendments thereto, of the charter of Howmet, certified as of a recent date by the Secretary of State or other appropriate official of its jurisdiction of incorporation and a certificate as to the good standing of Howmet as of a recent date, from such Secretary of State or other official; (ii) a certificate of the Secretary or Assistant Secretary of Howmet dated the Amendment No. 4 Effective Date and certifying (A) that attached thereto is a true and complete copy of the by-laws of Howmet as in effect on the Amendment No. 4 Effective Date showing all amendments thereto since the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of Howmet authorizing the execution, delivery and performance of this Amendment and the borrowings by Howmet hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the charter of Howmet has not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to clause (i) above and (D) as to the incumbency and specimen signature of each officer executing this Amendment or any other document delivered in connection herewith on behalf of Howmet; (iii) a certificate of another officer of Howmet as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to clause (ii) above; and (iv) such other documents as the Lenders or Weil, Gotshal & Manges LLP, counsel for the Administrative Agent may reasonably request; provided that the charter referenced in clause (i) above and the bylaws referenced in clause (ii) shall not be required to be delivered to the extent the Secretary or Assistant Secretary of Howmet certifies that such documents are unchanged since last delivered to the Administrative Agent.
v.Representations and Warranties.  The representations and warranties set forth in Section 5 of this Amendment shall be true and correct in all material respects (or in all respects if such representation or warranty is qualified by Material Adverse Effect or other materiality qualifier) on and as of the Amendment No. 4 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.
vi.Conditions Precedent Certificates.  The Administrative Agent shall have received certificates dated the Amendment No. 4 Effective Date and signed by a Financial Officer of Howmet confirming the satisfaction of the conditions precedent set forth in paragraph (d) of this Section 4 and that 
7

[AM_ACTIVE 402177115_9]

as of the Amendment No. 4 Effective Date, no Event of Default or Default has occurred and is continuing. 
vii.Responsible Officer Certificates.  The Administrative Agent shall have received certificates of a Responsible Officer of Howmet, each dated the Amendment No. 4 Effective Date and stating that (i) except as previously disclosed, Howmet and each of its Subsidiaries have complied in all respects with all Federal, state, local and foreign statutes, ordinances, orders, judgments, rulings and regulations relating to environmental pollution or to environmental regulation or control except to the extent any such failure so to comply would not, alone or together with any other such failure, be reasonably likely to result in a Material Adverse Effect; (ii) neither Howmet nor any of its Subsidiaries has received notice of any failure so to comply which alone or together with any other such failure would be reasonably likely to result in a Material Adverse Effect; and (iii) the plants of Howmet and its Subsidiaries do not manage any hazardous wastes, toxic pollutants or substances similarly denominated in violation of any applicable law or regulations promulgated pursuant thereto including, for operations within the United States, the Resource Conservation and Recovery Act, the Comprehensive Environmental Response Compensation and Liability Act, the Hazardous Materials Transportation Act, the Toxic Substance Control Act, the Clean Air Act, the Clean Water Act or any other applicable law, where such violation would be reasonably likely to result, individually or together with any such other violations, in a Material Adverse Effect.
viii.Consent Fee. The Administrative Agent shall have received a consent fee, for the account of each applicable Lender (including Citibank, N.A.) consenting to this Amendment (each, a “Consenting Lender”), in an amount equal to 0.15% of such Consenting Lender’s Commitment as set forth on Exhibit A to this Amendment (“Exhibit A”), payable on the Amendment No. 4 Effective Date.
Section 5.Representations and Warranties.  To induce the Administrative Agent and the Lenders party hereto to enter into this Amendment, Howmet hereby represents and warrants to the Administrative Agent and the Lenders, that:
iii.Authorization.  Howmet has the power and authority, corporate or otherwise, to execute, deliver and carry out the provisions of this Amendment, or to become a party to this Amendment in accordance with the terms hereof and to perform its obligations hereunder and under the Credit Agreement as modified hereby, and all such action has been duly and validly authorized by all necessary proceedings, corporate or otherwise, on its part.
iii.Enforceability.  This Amendment has been duly executed and delivered by Howmet and this Amendment and the Credit Agreement as modified hereby constitute the legal, valid and binding obligations of Howmet, enforceable in accordance with their respective terms, except as limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors’ rights or by general principles of equity limiting the availability of equitable remedies.
iv.Governmental Approvals.  No authorization, consent, approval, license, exemption or other action by, and no registration, qualification, designation, declaration or filing with, any Governmental Authority (other than filings under the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder) is necessary in connection with Howmet’s execution and delivery of this Amendment, the consummation by Howmet of the transactions contemplated hereby or Howmet’s performance of or compliance with the terms and conditions hereof or of the Credit Agreement as modified hereby.
8

[AM_ACTIVE 402177115_9]

v.No Conflict.  None of the execution and delivery by Howmet of this Amendment, the consummation by Howmet of the transactions contemplated hereby or the performance by Howmet of or compliance by Howmet with the terms and conditions hereof or of the Credit Agreement as modified hereby will (a) violate any law, constitution, statute, treaty, regulation, rule, ordinance, order, injunction, writ, decree or award of any Governmental Authority to which it is subject, (b) conflict with or result in a breach or default under its charter or Memorandum and Articles of Association or by-laws (or equivalent organizational or governing documents), as applicable, (c) conflict with or result in a breach or default which is material in the context of this Amendment under any agreement or instrument to which Howmet is a party or by which it or any of its properties, whether now owned or hereafter acquired, may be subject or bound or (d) result in the creation or imposition of any Lien prohibited by Section 6.01 of the Credit Agreement upon any property or assets, whether now owned or hereafter acquired, of Howmet.
vi.No Default; Representations and Warranties.  On and as of the Amendment No. 4 Effective Date, (i) no Default or Event of Default has occurred and is continuing and (ii) the representations and warranties of Howmet set forth in the Loan Documents are true and correct in all material respects (or in all respects if such representation or warranty is qualified by Material Adverse Effect or other materiality qualifier) with the same effect as though made on and as of the date hereof, except to the extent that any such representation or warranty specifically refers to an earlier date, in which case such representation or warranty is true and correct in all material respects (or in all respects if such representation or warranty is qualified by Material Adverse Effect or other materiality qualifier) as of such earlier date.
Section 6.Reference to and Effect on the Existing Credit Agreement.
iii.From the Amendment No. 4 Effective Date (i) this Amendment and the Existing Credit Agreement shall be construed as a single instrument and (ii) each reference in the Existing Credit Agreement to “the Credit Agreement”, “this Agreement”, “hereunder”, “hereof” or words of like import, and each reference in each of the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import, shall mean and be a reference to the Credit Agreement as amended hereby.
iii.Except as expressly set forth in this Amendment, all of the terms and provisions of the Existing Credit Agreement, each other Loan Document, and all other instruments and agreements executed in connection therewith are and shall remain in full force and effect and are hereby reaffirmed, ratified and confirmed, and the Borrowers shall continue to be bound by all of such terms and provisions.
iv.Except with respect to the subject matter hereof, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith.
v.This Amendment is a Loan Document under (and as defined in) the Credit Agreement.
Section 7.Miscellaneous.
iii.Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD CALL FOR THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION.  
9

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SECTION 10.11 AND 10.15 OF THE CREDIT AGREEMENT ARE HEREBY INCORPORATED BY REFERENCE INTO THIS AMENDMENT AND SHALL APPLY HERETO.
iii.Headings.  Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.
iv.Counterparts.  This Amendment may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one contract, and shall become effective as provided in Section 10.03 of the Credit Agreement.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile, PDF or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment. The words “execution,” “execute,” “signature” and words of like import in this Agreement shall be deemed to include electronic signatures, which shall be of the same legal effect, validity or enforceability as a manually executed signature, to the extent and as provided for in any applicable law, including the 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.
 [Signature Pages Follow]

10

[AM_ACTIVE 402177115_9]

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

HOWMET AEROSPACE INC.
By: /s/ Peter Hong    
Name:    Peter Hong
Title:    Vice President and Treasurer

[Signature Page to Amendment No. 4 to Credit Agreement]

[AM_ACTIVE 402177115_9]

CITIBANK, N.A.,
individually as a Lender, as an Issuer and as Administrative Agent
By: /s/ Michael Vondriska    
Name:    Michael Vondriska
Title:    Vice President

[Signature Page to Amendment No. 4 to Credit Agreement]

[AM_ACTIVE 402177115_9]

JPMorgan Chase Bank, N.A., as a Lender and as an Issuer
By: /s/ James Shender    
Name:    James Shender
Title:    Executive Director

[Signature Page to Amendment No. 4 to Credit Agreement]

[AM_ACTIVE 402177115_9]

ABN Amro capital usa llc, as a Lender
By: /s/ Jamie Matos    
Name:    Jamie Matos
Title:    Director    

ABN Amro capital usa llc, as a Lender
By: /s/ Amit Wynalda    
Name:    Amit Wynalda
Title:    Executive Director

[Signature Page to Amendment No. 4 to Credit Agreement]

[AM_ACTIVE 402177115_9]

Execution Version

Bank of montreal, as a Lender
By: /s/ Joshua Hovermale    
Name:    Joshua Hovermale
Title:    Director

[AM_ACTIVE 402177115_9]

Execution Version

BNP paribas, as a Lender
By: /s/ Nicolas Anberree    
Name:    Nicolas Anberree
Title:    Director

BNP paribas, as a Lender
By: /s/ Claudia Zarate    
Name:    Claudia Zarate
Title:    Managing Director

[AM_ACTIVE 402177115_9]

Execution Version

CREdit suisse ag, cayman islands branch, as a Lender
By: /s/ Judith Smith    
Name:    Judith Smith
Title:    Authorized Signatory

By: /s/ Michael Dieffenbacher    
Name:    Michael Dieffenbacher
Title:    Authorized Signatory

[AM_ACTIVE 402177115_9]

Execution Version

fifth third bank, national association, as a Lender
By: /s/ Michael S. Barnett    
Name:  Michael S. Barnett
Title:  Senior Vice President

[AM_ACTIVE 402177115_9]

Execution Version

GOLDMAN SACHS BANK USA, as a Lender
By: /s/ Jamie Minieri    
Name:    Jamie Minieri
Title:    Authorized Signatory

[AM_ACTIVE 402177115_9]

Execution Version

Intesa Sanpaolo S.p.A. - New York Branch, as a Lender
By: /s/ Alessandro Toigo    
Name:    Alessandro Toigo
Title:    Head of Corporate Desk

By: /s/ William Denton    
Name:    William Denton
Title:    Global Relationship Manager

[AM_ACTIVE 402177115_9]

Execution Version

Mizuho Bank, Ltd., as a Lender
By: /s/ Donna DeMagistris    
Name:    Donna DeMagistris
Title:    Executive Director

[AM_ACTIVE 402177115_9]

Execution Version

Morgan Stanley Bank, N.A., as a Lender
By: /s/ Jacob Dowden    
Name:    Jacob Dowden
Title:    Authorized Signatory

[AM_ACTIVE 402177115_9]

Execution Version

MUFG Bank, Ltd., as a Lender
By: /s/ Liwei Liu    
Name:    Liwei Liu
Title:    Vice President

[AM_ACTIVE 402177115_9]

Execution Version

PNC Bank, National Association, as a Lender
By: /s/ Joseph McElhinny    
Name:    Joseph McElhinny
Title:    Vice President

[AM_ACTIVE 402177115_9]

Execution Version

Sumitomo Mitsui Banking Corporation, as a Lender
By: /s/ Jun Ashley    
Name:    Jun Ashley
Title:    Director

[AM_ACTIVE 402177115_9]

Execution Version

TD Bank, N.A., as a Lender
By: /s/ Maciej Niedzwiecki    
Name:    Maciej Niedzwiecki
Title:    Senior Vice President

[AM_ACTIVE 402177115_9]

Execution Version

Truist Bank, as a Lender
By: /s/ Matthew J. Davis    
Name:    Matthew J. Davis
Title:    Senior Vice President

[AM_ACTIVE 402177115_9]

Execution Version

U.S. Bank National Association, as a Lender
By: /s/ Patrick McGraw    
Name:    Patrick McGraw
Title:    Senior Vice President

[AM_ACTIVE 402177115_9]

Execution Version

Citizens Bank, N.A., as a Lender
By: /s/ Eric J. Grasso    
Name:    Eric J. Grasso
Title:    Vice President

[AM_ACTIVE 402177115_9]

Execution Version

ING Bank N.V., Dublin Branch, as a Lender
By: /s/ Sean Hassett    
Name:    Sean Hassett
Title:    Director

By: /s/ Cormac Langford    
Name:    Cormac Langford
Title:    Director

[AM_ACTIVE 402177115_9]

Execution Version

The Bank of Nova Scotia, as a Lender
By: /s/ Kevin McCarthy    
Name:    Kevin McCarthy
Title:    Director

[AM_ACTIVE 402177115_9]

Execution Version

The Huntington National Bank, as a Lender
By: /s/ Marcel Fournier    
Name:    Marcel Fournier
Title:    Vice President

[AM_ACTIVE 402177115_9]

Execution Version

Banco Bradesco S.A., New York Branch, as a Lender
By: /s/ Fabiana G. Paes de Barros    
Name:    Fabiana G. Paes de Barros
Title:    Manager

By: /s/ Sonia Bettancourt    
Name:    Sonia Bettancourt
Title:    Coordinator

[AM_ACTIVE 402177115_9]

Execution Version

M&T Bank, as a Lender
By: /s/ Shafiul Alam    
Name:    Shafiul Alam
Title:    Vice President

[AM_ACTIVE 402177115_9]

Execution Version

Nomura Corporate Funding Americas, LLC, as a Lender
By: /s/ Andrew Keith    
Name:    Andrew Keith
Title:    Executive Director

[AM_ACTIVE 402177115_9]

Execution Version

Riyad Bank, Houston Agency, as a Lender
By: /s/ Michael Meiss    
Name:    Michael Meiss
Title:    General Manager

By: /s/ Roxanne Crawford    
Name:    Roxanne Crawford
Title:    Vice President, Administrative Officer

[AM_ACTIVE 402177115_9]

Execution Version

Standard Chartered Bank, as a Lender
By: /s/ James Beck    
Name:    James Beck 
Title:    Associate Director

[AM_ACTIVE 402177115_9]

Execution Version

The Bank of New York Mellon, as a Lender
By: /s/ William M. Feathers    
Name:    William M. Feathers
Title:    Director

[AM_ACTIVE 402177115_9]

Execution Version

Westpac Banking Corporation, as a Lender
By:     /s/ Stuart Brown    
Name:    Stuart Brown
Title:    Tier Two Attorney

[AM_ACTIVE 402177115_9]

EXHIBIT A

[Amendments to Schedules to Credit Agreement]

[AM_ACTIVE 402177115_9]

SCHEDULE 2.01(a)
TO CREDIT AGREEMENT
LENDERS AND COMMITMENTS
						
	Lender	Commitment
	Citibank N.A.	$56,666,666.68
	JPMorgan Chase Bank, N.A.	$56,666,666.68
	ABN Amro Capital USA LLC	$43,333,333.33
	Bank of Montreal	$43,333,333.33
	BNP Paribas	$43,333,333.33
	Credit Suisse AG, Cayman Islands Branch	$43,333,333.33
	Fifth Third Bank, National Association	$43,333,333.33
	Goldman Sachs Bank USA	$43,333,333.33
	Intesa Sanpaolo S.p.A.- New York Branch	$43,333,333.33
	Mizuho Bank, Ltd.	$43,333,333.33
	Morgan Stanley Bank, N.A.	$43,333,333.33
	MUFG Bank, Ltd.	$43,333,333.33
	PNC Bank, National Association	$43,333,333.33
	Sumitomo Mitsui Banking Corporation	$43,333,333.33
	TD Bank, N.A.	$43,333,333.33
	Truist Bank	$43,333,333.33
	U.S. Bank National Association	$43,333,333.33
	Citizens Bank, N.A.	$30,000,000.00
	ING Bank N.V., Dublin Branch	$30,000,000.00
	The Bank of Nova Scotia	$30,000,000.00
	The Huntington National Bank	$30,000,000.00
	Banco Bradesco S.A., New York Branch	$16,666,666.67
	M&T Bank	$16,666,666.67
	Nomura Corporate Funding Americas, LLC	$16,666,666.67
	Riyad Bank, Houston Agency	$16,666,666.67
	Standard Chartered Bank	$16,666,666.67
	The Bank of New York Mellon	$16,666,666.67
	Westpac Banking Corporation	$16,666,666.67
	Total	$1,000,000,000

[AM_ACTIVE 402177115_9]

SCHEDULE 2.01(b)
TO CREDIT AGREEMENT
ISSUERS AND L/C COMMITMENTS
						
	Issuing Bank	Commitment
	Citibank, N.A.	$200,000,000
	JPMorgan Chase Bank, N.A.	$200,000,000

[AM_ACTIVE 402177115_9]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}]]