Document:

Exhibit 10.1

 

 

August 3, 2016

 

Delafield Investments Limited

40 Wall Street, 58th Floor

New York, New York 10005

Attn: Joshua Sason

 

		Re:	Extension of Debenture

 

To Whom It May Concern:

 

We are pleased to offer
to you (1) a Five Month Common Stock Purchase Warrant to purchase in five tranches, at exercise prices between $0.012 and $0.020
per share, up to 200,000,000 shares of common stock, par value $0.001 per share (the “Common Stock”) of Propanc
Health Group Corporation (the “Company”) and (2) a Two Year Common Stock Purchase Warrant to purchase up to
40,000,000 shares of Common Stock at an exercise price of $0.10 per share (collectively, the Warrants”) in consideration
for extending the Maturity Date of the Debenture issued under the securities purchase agreement, dated October 28, 2015 as amended
on March 11, 2016 by addendum and by letter agreement on July 1, 2016 (the “Purchase Agreement”), by and between
you and the Company. The shares of Common Stock underlying the Warrants (“Warrant Shares”) will be registered
for resale pursuant to a registration statement on Form S-1 pursuant to the Securities Act of 1933, as amended (the “Securities
Act”).  Capitalized terms not otherwise defined herein shall have the meanings set forth in the Purchase Agreement.

 

In consideration for
issuing the Warrant to you, it is understood that you will extend the maturity date of the Debenture until February 28, 2017 (the
“Maturity Date”) and agree that no interest will accrue under the Debenture from October 28, 2016 through the
Maturity Date (provided that all accrued but unpaid interest prior to October 28, 2016 shall be due and payable pursuant to the
terms of the Debenture).

 

Additionally, the parties
hereby agree to their respective representations, warranties and covenants set forth on Annex A attached hereto.

 

To accept this offer,
Holder must counter execute this letter agreement and return the fully executed agreement to the Company at e-mail: j.nathanielsz@propanc.com,
with a copy to amcclean@hselaw.com on or before 5:00 pm ET on August 3, 2016.

 

 

Level
2, 555 Riversdale Road, Camberwell, Victoria, 3124, Australia ž P +61 3 9882 0780
ž F + 61 3 9882 9969 ž propanc.com

 

     

     

    

 

Please do not hesitate
to call me if you have any questions.

  

	 	Sincerely
yours,

	 	 
	 	PROPANC HEALTH GROUP CORP.
	 	 	 
	 	By:	/s/ James Nathanielsz
	 	Name:	James Nathanielsz
	 	Title	CEO

 

 

Accepted and Agreed to:

 

	Name of Holder: 	Delafield Investments Limited
	Signature of Authorized Signatory of Holder:	/s/ James Keyes
	Name of Authorized Signatory:	Jamse Keyes
	Title of Authorized Signatory:	Director

 

 

	Name of Holder: 	Delafield
    Investments Limited
	Signature of Authorized Signatory of Holder:	/s/ Michael Abitebol
	Name of Authorized Signatory:	Michael Abitebol
	Title of Authorized Signatory:	Director

 

     

     

    

 

Annex A

 

Representations, Warranties and Covenants
of the Company. The Company hereby makes the following representations and warranties to the undersigned (Capitalized terms
not otherwise defined herein shall have the meanings set forth in the Purchase Agreement):

 

(a)               
Subsidiaries. The Company owns, directly or indirectly, all of the capital stock or other equity interests of its
subsidiaries, Propanc PTY Ltd. and Propanc (UK) Limited (the “Subsidiaries”), free and clear of any Liens, and all
of the issued and outstanding shares of capital stock of each Subsidiary is validly issued and are fully paid, non-assessable and
free of preemptive and similar rights to subscribe for or purchase securities.

 

(b)              
Organization and Qualification. Each of the Company and its Subsidiaries is duly incorporated or otherwise organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite
power and authority to own and use its properties and assets and to carry on its business as currently conducted. None of the Company
nor its Subsidiaries is in violation nor default of any of the provisions of its respective certificate or articles of incorporation,
bylaws or other organizational or charter documents. Each of the Company and its Subsidiaries is duly qualified to conduct business
and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted
or property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as
the case may be, could not have or reasonably be expected to result in: (i) a material adverse effect on the legality, validity
or enforceability of the Warrant or any Transaction Document, (ii) a material adverse effect on the results of operations, assets,
business, prospects or condition (financial or otherwise) of the Company and its Subsidiaries, taken as a whole, or (iii) a material
adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under the Warrant
or any Transaction Document (any of (i), (ii) or (iii), a “Material Adverse Effect”) and no Proceeding has been instituted
in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification.

 

(c)               
 Issuance of the Securities. The Warrants when duly executed and delivered in accordance with the terms of this
letter agreement will constitute valid and binding obligations of the Company. The Warrant Shares, when issued in accordance with
the terms of the Warrants, will be validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company
other than restrictions on transfer provided for in the Warrants. The Company has reserved from its duly authorized capital stock
a number of shares of Common Stock for issuance of the Warrant Shares on the date hereof.

 

(d)              
Authorization; Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate
the transactions contemplated by this letter agreement and otherwise to carry out its obligations hereunder and thereunder. The
execution and delivery of this letter agreement by the Company and the consummation by the Company of the transactions contemplated
hereby have been duly authorized by all necessary action on the part of the Company and no further action is required by the Company,
its board of directors or its stockholders in connection therewith. This letter agreement has been duly executed by the Company
and, when delivered in accordance with the terms hereof, will constitute the valid and binding obligation of the Company enforceable
against the Company in accordance with its terms, except (i) as limited by general equitable principles and applicable bankruptcy,
insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally,
(ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and
(iii) insofar as indemnification and contribution provisions may be limited by applicable law.

 

     

     

    

 

(e)               
No Conflicts. The execution, delivery and performance of this letter agreement by the Company and the consummation
by the Company of the transactions contemplated hereby do not and will not: (i) conflict with or violate any provision of the Company’s
certificate or articles of incorporation, bylaws or other organizational or charter documents; or (ii) conflict with, or constitute
a default (or an event that with notice or lapse of time or both would become a default) under, result in the creation of any Lien
upon any of the properties or assets of the Company in connection with, or give to others any rights of termination, amendment,
acceleration or cancellation (with or without notice, lapse of time or both) of, any material agreement, credit facility, debt
or other material instrument (evidencing Company debt or otherwise) or other material understanding to which such Company is a
party or by which any property or asset of the Company is bound or affected; or (iii) subject to the Required Approvals, conflict
with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court
or governmental authority to which the Company is subject (including federal and state securities laws and regulations), or by
which any property or asset of the Company is bound or affected, except, in the case of each of clauses (ii) and (iii), such as
could not have or reasonably be expected to result in a Material Adverse Effect.

 

(f)               
SEC Reports; Financial Statements. The Company has filed all reports,
schedules, forms, statements and other documents required to be filed by the Company under the Securities Act and the Exchange
Act, including pursuant to Section 13(a) or 15(d) thereof, for the two years preceding the date hereof (or such shorter period
as the Company was required by law or regulation to file such material) (the foregoing materials, including the exhibits thereto
and documents incorporated by reference therein, being collectively referred to herein as the “SEC Reports”) on a timely
basis or has received a valid extension of such time of filing and has filed any such SEC Reports prior to the expiration of any
such extension. As of their respective dates, the SEC Reports complied in all material respects with the requirements of the Securities
Act and the Exchange Act, as applicable, and none of the SEC Reports, when filed, contained any untrue statement of a material
fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading. The Company has never been an issuer subject to Rule
144(i) under the Securities Act. The financial statements of the Company included in the SEC Reports comply in all material respects
with applicable accounting requirements and the rules and regulations of the Commission with respect thereto as in effect at the
time of filing. Such financial statements have been prepared in accordance with United States generally accepted accounting principles
applied on a consistent basis during the periods involved (“GAAP”), except as may be otherwise specified in such financial
statements or the notes thereto and except that unaudited financial statements may not contain all footnotes required by GAAP,
and fairly present in all material respects the financial position of the Company and Propanc PTY Ltd. as of and for the dates
thereof and the results of operations and cash flows for the periods then ended, subject, in the case of unaudited statements,
to normal, immaterial, year-end audit adjustments.

 

     

     

    

 

(g)              
Investment Company. The Company is not, and is not an Affiliate of, and immediately after receipt of payment for
the Securities, will not be or be an Affiliate of, an “investment company” within the meaning of the Investment Company
Act of 1940, as amended. The Company shall conduct its business in a manner so that it will not become an “investment company”
subject to registration under the Investment Company Act of 1940, as amended.

 

Representations,
Warranties and Covenants of the undersigned. The undersigned hereby represents, warrants and covenants as of the date hereof
to the Company as follows (unless as of a specific date therein, in which case they shall be accurate as of such date):

 

                                                
(a)              
Organization and Qualification. The undersigned is an entity duly incorporated or otherwise organized, validly existing
and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority
to own and use its properties and assets and to carry on its business as currently conducted. The undersigned is not in violation
or default of any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational
or charter documents.

 

                                               
(b)              
Authorization; Enforcement. The undersigned has the requisite corporate power and authority to enter into and to
consummate the transactions contemplated by this letter agreement and otherwise to carry out its obligations hereunder and thereunder.
The execution and delivery of this letter agreement by the undersigned and the consummation by the undersigned of the transactions
contemplated hereby have been duly authorized by all necessary action on the part of the undersigned and no further action is required
by the undersigned, its governing body or owners in connection therewith. This letter agreement has been duly executed by the undersigned
and, when delivered in accordance with the terms hereof, will constitute the valid and binding obligation of the undersigned enforceable
against the undersigned in accordance with its terms, except (i) as limited by general equitable principles and applicable bankruptcy,
insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally,
(ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and
(iii) insofar as indemnification and contribution provisions may be limited by applicable law.

 

                                                
(c)              
No Conflicts. The execution, delivery and performance of this letter agreement by the undersigned and the consummation
by the undersigned of the transactions contemplated hereby do not and will not: (i) conflict with or violate any provision of the
undersigned’s certificate or articles of incorporation, bylaws or other organizational or charter documents; or (ii) conflict
with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court
or governmental authority to which the undersigned is subject (including federal and state securities laws and regulations), or
by which any property or asset of the Company is bound or affected.

 

                                               
(d)              
Compliance with Securities Act. The undersigned understands and agrees that the Warrant and exercise of the Warrant
has not been registered under the Securities Act or any applicable state securities laws by reason of their issuance in a transaction
that does not require registration under the Securities Act (based in part on the accuracy of the representations and warranties
of Subscriber contained herein), and that the Warrant and Warrant Shares must be held indefinitely unless a subsequent disposition
is registered under the Securities Act or any applicable state securities laws or is exempt from such registration.

 

     

     

    

 

                                                
(e)              
Own Account. The undersigned understands that the Warrants and the Warrant Shares are “restricted securities”
and have not been registered under the Securities Act or any applicable state securities law and is acquiring the Warrants and
Warrant Shares as principal for its own account and not with a view to or for distributing or reselling such Warrants or Warrant
Shares or any part thereof in violation of the Securities Act or any applicable state securities law, has no present intention
of distributing any of the Warrants or Warrant Shares in violation of the Securities Act or any applicable state securities law
and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the distribution
of the Warrants or Warrant Shares in violation of the Securities Act or any applicable state securities law. The undersigned is
acquiring the Warrants hereunder in the ordinary course of its business.

 

                                                
(f)              
Experience of the Undersigned. The undersigned, either alone or together with its representatives, has such knowledge,
sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective
investment in the Warrant and has so evaluated the merits and risks of such investment. The undersigned is able to bear the economic
risk of an investment in the Warrant and, at the present time, is able to afford a complete loss of such investment.

 

                                               
(g)              
Access to Information. The undersigned acknowledges that it has had the opportunity to review the Warrant and the
Transaction Documents (including all exhibits and schedules thereto) and the SEC Reports and has been afforded (i) the opportunity
to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company concerning the
terms and conditions of the offering of the Warrant and the merits and risks of investing in the Warrant; (ii) access to information
about the Company and its financial condition, results of operations, business, properties, management and prospects sufficient
to enable it to evaluate its investment; and (iii) the opportunity to obtain such additional information that the Company possesses
or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision with respect to
the investment. 

 

                                               
(h)              
No Market Manipulation. The undersigned has not taken, and will not take, directly or indirectly, any action designed
to, or that might reasonably be expected to, cause or result in stabilization or manipulation of the price of the Common Stock
or affect the price at which the Warrant may be issued or resold.

 

                                                 
(i)              
Risk of Loss. The undersigned acknowledges that there may be no market for the Warrant and that the undersigned
may not be able to sell or dispose of the Warrant or Warrant Shares; the Subscriber has liquid assets sufficient to assure that
its investment will cause no undue financial difficulties and that, after subscribing for the Warrant the undersigned will be
able to provide for any foreseeable current needs and contingencies. The undersigned is financially able to bear the economic
risk of this investment, including the ability to hold the Warrant indefinitely or to afford a complete loss of the Subscriber’s
investment in the Warrant.Exhibit

Exhibit 10.1
	
	
	EXECUTION VERSION

AMENDMENT NO. 6 TO CREDIT AGREEMENT

THIS AMENDMENT NO. 6 TO CREDIT AGREEMENT dated as of May 13, 2016 (this “Amendment”), is among MASTEC, INC., a Florida corporation (the “Company”), MASTEC NORTH AMERICA, INC., a Florida corporation (together with the Company, collectively, the “Borrowers”), BANK OF AMERICA, N.A., in its capacities as the Administrative Agent (in such capacity, the “Administrative Agent”) and a Lender (as defined below), each of the other Lenders party hereto and each of the Subsidiary Guarantors party hereto.  
RECITALS:

A.The Borrowers, the lenders party thereto (the “Lenders”) and the Administrative Agent have entered into a Third Amended and Restated Credit Agreement dated as of August 22, 2011 (as amended, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”).  Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement (as defined below); 
B.The Borrowers have requested to amend the Existing Credit Agreement in order to increase the Letter of Credit Sublimit; and
C.Subject to the terms and conditions set forth below, the parties hereto have agreed to so amend the Existing Credit Agreement.
In furtherance of the foregoing, the parties agree as follows:

Section 1.    Amendments to Existing Credit Agreement.  Subject to the terms and conditions set forth herein and in reliance upon the representations and warranties set forth herein, the Existing Credit Agreement is hereby as follows:

(a)    Section 1.02 is amended to add the following new definitions in alphabetical order, all to read as follows:  

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.
“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent entity.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 
     “Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.            
(b)    The definition of “Defaulting Lender” set forth in Section 1.02 is amended to add a new subclause “(iii)” to clause (d) thereof to read as follows:

or (iii) become the subject of a Bail-in Action;
(c)     The definition of “Letter of Credit Sublimit” set forth in Section 1.02 is amended and restated to read as follows:
“Letter of Credit Sublimit” means an amount equal to the lesser of (a) $650,000,000, as such amount may be adjusted from time to time in accordance with this Agreement, and (b) the Aggregate (USD) Commitments.  The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate (USD) Commitments.  
(d)    Section 2.17(a)(iv) is amended to restate the last sentence thereof to read as follows:
Subject to Section 10.22, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.
(e)    Section 10.17  is amended and restated to read as follows: 
10.17  Electronic Execution of Assignments and Certain Other Documents. The words “delivery,” “execute,” “execution,” “signed,” “signature,” and words of like import in any Loan Document or any other document executed in connection herewith shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Law, including 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; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided further without limiting the foregoing, upon the request of the Administrative Agent, any electronic signature shall be promptly followed by such manually executed counterpart.
(f)    Article X is amended to add a new Section 10.22 to the end thereof to read as follows:
10.22. Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a)    the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and
(b)    the effects of any Bail-in Action on any such liability, including, if applicable:
(i)    a reduction in full or in part or cancellation of any such liability;
(ii)    a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or
(iii)    the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.

2

Section 2.    Conditions Precedent.  The parties hereto agree that this Amendment shall be effective as of the date first set forth above (such date, the “Amendment Effective Date”) upon the Administrative Agent’s receipt of a counterpart of this Amendment, duly executed and delivered by each of the Borrowers, the Subsidiary Guarantors, the Administrative Agent, each L/C Issuer and the Required Lenders, each of which shall be originals or facsimiles or electronic copies (including “PDF” and “TIFF” files) (followed promptly by originals), and properly executed by a Responsible Officer of the signing Loan Party, as applicable. 

Section 3.    Representations And Warranties.  

(a)    In order to induce the Administrative Agent and the Lenders to enter into this Amendment, each Borrower represents and warrants to the Administrative Agent and the Lenders as follows:

(i)    The representations and warranties of (A) each Borrower contained in Article V of the Credit Agreement and (B) each Loan Party contained in each other Loan Document are true and correct in all material respects on and as of the date hereof, except that (x) if a qualifier relating to materiality, Material Adverse Effect or a similar concept applies, such representation or warranty is true and correct in all respects, (y) to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date (except that if a qualifier relating to materiality, Material Adverse Effect or a similar concept applies, such representation or warranty is true and correct in all respects as of such earlier date), and (z) for purposes of this Amendment, the representations and warranties contained in subsections (a), (b) and (c) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b) of Section 6.01 of the Credit Agreement, as applicable. 

(ii)    Since December 31, 2015, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

(iii)    No Default has occurred and is continuing or will result from the consummation of the transactions contemplated by this Amendment.

(iv)    This Amendment has been duly authorized by all necessary corporate or other organizational action of such Borrower and duly executed and delivered by it, and constitutes its legal, valid and binding obligation, except as may be limited by equitable principles relating to or limiting creditors’ rights generally or by bankruptcy, insolvency, reorganization, moratorium or similar laws.  

(v)    No consents, licenses or approvals are required in connection with (A) the execution, delivery and performance by each Borrower and the validity against each Borrower of this Amendment or (B) the performance by, or validity against, any Loan Party of any Loan Document (after giving effect to this Amendment), in each case except those which have been obtained.  

(b)    In order to induce the Administrative Agent and the Lenders to enter into this Amendment, each Subsidiary Guarantor represents and warrants to the Administrative Agent and the Lenders that this Amendment has been duly authorized by all necessary corporate or other organizational action of such Subsidiary Guarantor and duly executed and delivered by it, and constitutes its legal, valid and binding obligation, except as may be limited by equitable principles relating to or limiting creditors’ rights generally or by bankruptcy, insolvency, reorganization, moratorium or similar laws.  

Section 4.    Miscellaneous.

(a)    Ratification and Confirmation of Loan Documents.  Each Borrower and each Subsidiary Guarantor hereby consents to, acknowledges and agrees to the amendments set forth herein and hereby confirms and ratifies in all respects the Loan Documents (including, without limitation, the continuation of such Person’s payment and performance obligations thereunder and the continuation of the liens and security interests granted thereunder) to which such Person is a party (other than any Loan Document which has been terminated or has expired pursuant to its terms) and the enforceability of each such Loan Document against such Person in accordance with its terms (except as may be limited by equitable principles relating to or limiting creditors’ rights generally or by bankruptcy, insolvency, reorganization, moratorium or similar laws), in each case upon and after the effectiveness of this Amendment and the amendments contemplated hereby.  On and after the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended by this Amendment.  The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Lo0an Documents.  On and after the Amendment Effective Date, this Amendment shall for all purpose constitute a Loan Document.

3

(b)    Fees and Expenses.  The Company shall pay on demand all reasonable and documented costs and expenses of the Administrative Agent in connection with the preparation, negotiation, execution, and delivery of this Amendment and any other documents prepared in connection herewith, including, without limitation, the reasonable fees, charges and disbursements of counsel to the Administrative Agent (subject to the limitations set forth in Section 10.04(a) of the Credit Agreement). 

(c)    Headings.  Section and subsection headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect.

(d)    Governing Law; Jurisdiction; Waiver of Jury Trial; Etc.  This Amendment shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of law that would require the application of the laws of another jurisdiction, and shall be further subject to the provisions of Sections 10.14 and 10.15 of the Credit Agreement.

(e)    Counterparts.  This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an original, and all of which when taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or electronic transmission (including .pdf file) shall be effective as delivery of a manually executed counterpart hereof.

(f)    Entire Agreement.  This Amendment, together with all the Loan Documents (collectively, the “Relevant Documents”), sets forth the entire understanding and agreement of the parties hereto in relation to the subject matter hereof and supersedes any prior negotiations and agreements among the parties relating to such subject matter.  No promise, condition, representation or warranty, express or implied, not set forth in the Relevant Documents shall bind any party hereto, and no such party has relied on any such promise, condition, representation or warranty.  Each of the parties hereto acknowledges that, except as otherwise expressly stated in the Relevant Documents, no representations, warranties or commitments, express or implied, have been made by any party to the other in relation to the subject matter hereof or thereof.  None of the terms or conditions of this Amendment may be changed, modified, waived or canceled orally or otherwise except in writing in accordance with Section 10.01 of the Credit Agreement.

(g)    Enforceability.  Should any one or more of the provisions of this Amendment be determined to be illegal or unenforceable as to one or more of the parties hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto.

(h)    Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns (subject to Section 10.06 of the Credit Agreement). 

[Remainder of Page Intentionally Left Blank; Signature Pages Follow]

4

The following parties have caused this Amendment to be executed as of the date first written above.

BORROWERS:

MASTEC, INC.
MASTEC NORTH AMERICA, INC.
By:     /s/ Robert E. Apple          
Name:     Robert E. Apple
Title:    Chief Operating Officer
SUBSIDIARY GUARANTORS:

CAM COMMUNICATIONS, INC.
DYNAMIC TOWER SERVICES, INC.
DYNIS LLC
DYNIS TOWER SOLUTIONS, LLC
ENERGY ERECTORS, INC.
MASTEC ETS SERVICE COMPANY, LLC
MASTEC NETWORK SOLUTIONS, INC.
MASTEC RENEWABLES CONSTRUCTION 
COMPANY, INC.
MASTEC RESIDENTIAL SERVICES, LLC
OPTIMA NETWORK SERVICES, INC.
OPTIMUM TOTAL SOURCE, LLC
POWER PARTNERS MASTEC LLC
POWER PARTNERS MASTEC, INC.
THREE PHASE ACQUISITION CORP.
THREE PHASE LINE CONSTRUCTION, INC.
WANZEK CONSTRUCTION, INC.
By:    /s/ Robert E. Apple          
Name:     Robert E. Apple
Title:    President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

BOTTOM LINE SERVICES, LLC
By:      /s/ Robert E. Apple          
Name:     Robert E. Apple
Title:    Investor Manager
EC SOURCE SERVICES, LLC
By:      /s/ Robert E. Apple          
Name:     Robert E. Apple
Title:    Executive Vice President and Secretary
EC SOURCE AVIATION, LLC
By:    EC Source Services, LLC, the Sole Member
By:     /s/ Robert E. Apple          
Name:     Robert E. Apple
Title:    Executive Vice President and Secretary
GO GREEN SERVICES, LLC
By:     /s/ Robert E. Apple          
Name:     Robert E. Apple
Title:    Initial Manager
ENERGY ENVIRONMENTAL GROUP, INC.
MASTEC NETWORK SOLUTIONS, LLC
T&D POWER, INC.
By:     /s/ Robert E. Apple          
Name:     Robert E. Apple
Title:    Executive Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

MASTEC WIRELESS SERVICES, LLC
By:     /s/ George Pita          
Name:     George Pita
Title: Executive Vice President and Chief Financial Officer

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

PRECISION ACQUISITION, LLC
By:    MasTec, Inc., the Sole Member
By:    /s/ Robert E. Apple          
Name:     Robert E. Apple
Title:

PRECISION PIPELINE LLC
PRECISION TRANSPORT COMPANY, LLC
PUMPCO, INC.
By:     /s/ Robert E. Apple          
Name:     Robert E. Apple
Title:

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

ADMINISTRATIVE AGENT:

BANK OF AMERICA, N.A., as Administrative 
Agent 
By:   /s/ Angela Larkin          
Name:  Angela Larkin
Title:  Assistant Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

LENDERS:
BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender
By:  /s/ David Gutierrez          
Name:  David Gutierrez
Title:  SVP

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

WELLS FARGO BANK, N.A., as a Lender 
By:  /s/ Katherine A Harkness     
Name: Katherine A Harkness
Title:  Senior Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

SUNTRUST BANK, as a Lender and Co-Syndication Agent
By:  /s/ David A. Ernst     
Name:  David A. Ernst
Title:  Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

BANK OF MONTREAL, as a Lender, Co-Documentation Agent and L/C Issuer
By:  /s/ Michael Gift    
Name: Michael Gift
Title: Director

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

PNC BANK, NATIONAL ASSOCIATION, as a Lender and Co-Documentation Agent

By:  /s/ Krutesh Trivedi     
Name:  Krutesh Trivedi
Title:  Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

COMPASS BANK, as a Lender and Co-Documentation Agent

By:  /s/ Peter Lewin      
Name:  Peter Lewin
Title:  Senior Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender and Co-Documentation Agent

By:  /s/ Rafael De Paoli            
Name:  Rafael De Paoli
Title:  Senior Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

BARCLAYS BANK PLC, as a Lender 

By: /s/ Marguerite Sutton              
Name: Marguerite Sutton
Title:  Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

REGIONS BANK, as a Lender 

By:  /s/ Alfred J. Bacchi           
Name:  Alfred J. Bacchi
Title:  Managing Director

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

JPMORGAN CHASE BANK, N.A., as a Lender 

By:  /s/ John A. Horst             
Name: John A. Horst
Title:  Executive Director

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

BANK UNITED, as a Lender 

By:  /s/ Charles J. Klenk          
Name:  Charles J. Klenk
Title:  Senior Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

MORGAN STANLEY BANK, N.A., as a Lender 

By:  /s/ Patrick Layton            
Name:  Patrick Layton
Title:  Authorized Signatory

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

BRANCH BANKING AND TRUST COMPANY, as a Lender 

By:  /s/ Charles Graeub III     
Name: Charles Graeub, III
Title:  Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

U.S. BANK NATIONAL ASSOCIATION, as a Lender 

By:  /s/ Steven L. Sawyer           
Name:  Steven L. Sawyer
Title:  Senior Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

FLORIDA COMMUNITY BANK N.A., as a Lender 

By:  /s/ Irene Marshall         
Name:  Irene Marshall
Title:  SVP

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

SYNOVUS BANK, as a Lender 

By:  /s/ Michael Sawicki      
Name:  Michael Sawicki
Title:  Director and SVP

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

BANCO DE SABADELL, S.A. – MIAMI BRANCH, as a Lender 

By:  /s/ Maurici Lladó            
Name:  Maurici Lladó
Title:  Executive Director, Corporate Banking America &Asia

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

ISRAEL DISCOUNT BANK OF NEW YORK, as a Lender 

By:  /s/ Christopher Meade            
Name:  Christopher Meade
Title:  Vice President

By:  /s/ Alexander Birr                  
Name:  Alexander Birr
Title:  Senior Vice President

AMENDMENT NO. 6 TO CREDIT AGREEMENT
Signature Page

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