Document:

November
14, 2018

 

CannaPiece
Group Inc.

2240
Midland Ave., Unit 103

Toronto
Ontario M1P 4R8

Attn:
Ahmed “Ray” Rasouli, CEO

Via
email

 

RE:
Amend the 10-10-18 Letter of Intent Termination Date and the CAD$5,000,000 Subscription Agreement Purchase Dates, Purchase Amounts,
the Price per Share and the Currency Conversion Rate Quote Source

 

Dear
Mr. Rasouli:

 

Novo
Integrated Sciences, Inc., a Nevada corporation (“NVOS”), Novo Healthnet Limited, an Ontario corporation and CannaPiece
Group Inc., an Ontario corporation (“CG”), are parties to the Letter of Intent, dated 10-10-18, as attached hereto
as Exhibit A (the “LOI”).

 

The
purpose of this letter is to amend the LOI to:

 

	 	1.	extend
    the termination date therein. As we have discussed, the “Termination Date” for all purposes under the LOI is hereby
    amended to be December 15, 2018, and
	 	 	 
	 	2.	define
    the LOI referenced CAD$5,000,000 Subscription Agreement purchase dates, amount and price per share; as follows:

 

	 	a.	CG
    will purchase a Novo Integrated Sciences, Inc. USD$500,000 Subscription Agreement (“Sub-Agree #1”), at a per share
    price of USD$0.92 as calculated under the terms of the 10-10-18 LOI, no later than November 15, 2018.
	 	 	 
	 	b.	CG
    will purchase a 2nd Subscription Agreement (“Sub-Agree #2”) from NVOS no later than December 15, 2018.
    The full amount of Sub-Agree #2 will be determined by calculating the USD-to-CAD conversion of USD$500,000, Sub-Agree #1,
    and subtracting this amount from the CAD$5,000,000 Subscription Agreement total amount defined in the LOI, dated 10-10-18.
    The per share price of Sub-Agree #2 will be USD$0.92 as calculated under the terms of the LOI, dated 10-10-18, and

 

	 	3.	define
    the source of any currency conversion as the rate quoted on x-rates.com for the date of conversion.

 

The
LOI, as amended herein, shall remain in full force and effect.

 

We
continue to look forward to working with you to complete the transaction successfully and expeditiously. If the foregoing correctly
sets forth your understanding, please execute a copy of this Letter in the space set forth below and return to me.

 

11120
NE 2nd Street, Suite 200 Bellevue, WA 98004 USA

Phone:
(206) 617-9797

www.novointegrated.com

 

    	 	 	 

    	 	Page
                                         | 2

    

 

	 	Very
    truly yours,
	 	 	 
	 	By:	/s/
    Robert Mattacchione
	 	 	Robert
    Mattacchione
	 	 	CEO,
    Novo Integrated Sciences, Inc.
	 	 	Chairman,
    Novo Healthnet Limited

 

	 	ACKNOWLEDGED
    AND AGREED to on November 14, 2018:
	 	 	 
	 	By:	/s/
    Ahmad Rasouli
	 	 	Ahmad
    Rasouli
	 	 	CEO,
    CannaPiece Group Inc.

 

    	 	 	 

    	 	Page
                                         | 3

    

 

Letter
of Intent

(Attached)

 

    	 	 	 

    	 	Page
                                         | 4

    

 

Novo
Integrated Sciences Inc./ Novo Healthnet Limited

11120
NE 2nd Street, Suite 200

Bellevue,
Washington 98004

 

Oct.
10, 2018

 

CannaPiece
Group Inc.

2240
Midland Ave., Unit 103

Toronto,
Ontario

M1P
4R8

Attention:
Ray Rasouli

 

Re:
Letter of Intent for the purchase of Novo Integrated Sciences Inc. shares and the contemplated merger of Novo Integrated Sciences
Inc. and CannaPiece Group Inc.

 

This
binding letter of intent (“LOI” or “Letter”), is to generally record terms and conditions
of the proposed agreement whereby Novo Healthnet Limited, an Ontario corporation (“NHL”) will enter into a
joint venture relationship with CannaPiece Group Inc. (“CG”), a corporation incorporated under the laws of
Ontario. In addition, CG will also invest into NHL’s parent company, Novo Integrated Sciences Inc. (“NVOS”),
a company incorporated in the state of Nevada whose shares are traded publicly in the OTCQB. CG and NVOS will also enter into
a share exchange agreement resulting in each company having mutual interest in the other.

 

This
Letter is a binding agreement between us. Notwithstanding the foregoing, the parties acknowledge and confirm it is their intention
that this Letter will serve only as a preliminary interim agreement in relation to the matters described herein, which will apply
until the Definitive Agreement (as defined below) is concluded.

 

The
following paragraphs reflect our preliminary agreement with respect to the Transaction (as defined below):

 

	 	1.	Structure:
    The parties intend to enter into a subscription agreement and a share exchange or other similar business arrangement (the
    “Transaction”) in which:

 

	 	i.	Prior
    to, and as a condition of closing, CG will take the necessary and appropriate steps required to ensure that the corporation
    is properly registered, and all subsidiaries properly organized and identified.
	 	 	 
	 	ii.	CG
    will purchase through a subscription agreement five million Canadian dollars (CAD $5,000,000) in value of NVOS shares. The
    share price will be determined by a thirty-day closing average based on the thirty day period ending on the date of execution
    in counterpart of this LOI, and the application of a market acceptable discount to the determined average. In addition, CG,
    NHL and NVOS will enter into a share exchange arrangement whereby (a) NHL will own or control twenty five percent (25%) of
    all common stock of CG upon closing of the Transaction, and (b) CG will own or control twenty-five million Canadian dollars
    (CAD $25,000,000) worth of NVOS stock, which value shall be established by a 30-day closing average based on the thirty day
    period ending on the date of execution of this LOI, and the application of a market acceptable discount to the determined
    average. The twenty-five million Canadian dollar (CAD $25,000,000) value is based on a pre-revenue, post-licensing evaluation
    of CG in the amount of one hundred million Canadian dollars (CAD $100,000,000).

 

    	 	 	 

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                                         | 5

    

 

	 	iii.	NVOS
    shall have the right to appoint one board member on the CG board of directors and CG shall have the right to appoint one board
    member on the NVOS board of directors.
	 	 	 
	 	iv.	CG
    will roll-out a clinic cannabis access program in all applicable Novo network clinics.
	 	 	 
	 	v.	CG
    will enter into a case conference program with applicable Novo network stakeholders.

 

	 	2.	Due
    Diligence: The parties will work promptly to carry out all required due diligence in respect of the Transaction, including
    without limitation, the completion of standard business, legal and other inquiries and a review of applicable laws and regulations.
    The parties will afford each other, its employees, auditors, legal counsel, and other authorized representatives all reasonable
    opportunity and access during normal business hours to inspect and investigate the business and financial affairs of the other
    party.
	 	 	 
	 	3.	Definitive
    Agreement. We mutually agree to proceed reasonably and in good faith toward the negotiation and execution of definitive
    documentation which shall contain the terms and conditions set out in the LOI and such other terms, conditions, indemnities,
    representations, warranties, covenants as are customary for transactions of this nature (the “Definitive Agreement”).
    The parties shall cooperate in structuring the Transaction in the most effective manner having regard to applicable tax, corporate,
    and securities laws. Upon the execution and delivery of the Definitive Agreement, it will supersede this Letter.
	 	 	 
	 	4.	Regulatory
    Approvals and Contractual Consents: Each of the parties will use its commercially reasonable best efforts to obtain:

 

	 	i.	the
    necessary board approvals and shareholder approvals for the Transaction prior to the execution of the Definitive Agreement;
    and
	 	 	 
	 	ii.	all
    necessary regulatory approvals (including approvals from any licensing authorities) and third-party consents and the necessary
    shareholder approvals prior to the closing of the Transaction and to cooperate in providing any submissions necessary to effect
    the Transaction.

 

    	 	 	 

    	 	Page
                                         | 6

    

 

	 	5.	Other
    Conditions. The Definitive Agreement shall include, but will not be limited to, the following terms and conditions, and
    this Letter is similarly subject to the following terms and conditions:

 

	 	i.	closing
    of the Transaction will be conditional upon the parties having completed their respective due diligence investigations, the
    results of which are satisfactory to the parties their sole discretion;
	 	 	 
	 	ii.	CG
    will continue toward full cannabis license producer status and will not have the licensing application compromised in any
    way;
	 	 	 
	 	iii.	NVOS
    shares derived from the share exchange transaction shall be held in escrow until CG receives Licensed Producer (“LP”)
    status.
	 	 	 
	 	iv.	closing
    of the Transaction will be condition upon the parties receiving all regulatory approvals required to complete the Transaction;
	 	 	 
	 	v.	the
    parties agree to cooperate to prepare for filing the necessary current reports with the Securities and Exchange Commission
    (the “Exchange”) with respect to the Transaction, including a Form 8-K, within the regulatory required
    time limits following the closing of the Transaction
	 	 	 
	 	vi.	closing
    of the Transaction will be conditional upon the representations and warranties contained in the Definitive Agreement being
    true and correct in all material respects as of closing; and
	 	 	 
	 	vii.	no
    material adverse change shall have occurred in the business, assets, liabilities, results, financial condition, affairs or
    prospects of either party from the date hereof to the closing of the Transaction.

 

	 	6.	Adjustment
    of Officers and Directors: At the closing of the Transaction, both parties will appoint directors to each other’s
    boards as described above.
	 	 	 
	 	7.	Confidentiality:
    Each party agrees that, subject to compliance with applicable laws, it will keep confidential, and not release to any other
    person, this proposal, the contents of this Letter of Intent and any of the proprietary business, technical or other information
    obtained by it during its due diligence inquiries and any related negotiations. Each party’s obligations in this respect
    shall survive the closing of the Transaction or any termination of the proposed Transaction between the parties or the termination
    of this LOI.
	 	 	 
	 	8.	Disclosure:
    No public announcement concerning the Transaction contemplated herein or the status of the discussions between the parties
    hereto shall be made by either party unless and until the same has been approved by both parties hereto, or unless such disclosure
    is required by any government laws, rules or regulations, by any government regulatory authorities or any stock exchange having
    jurisdiction over either party, provided that prior written notice is provided to the other party respecting such disclosure
    or public announcement and such party has been provided reasonable opportunity to review and comment on the proposed disclosure.

 

    	 	 	 

    	 	Page
                                         | 7

    

 

	 	9.	Costs:
    The parties will each be solely responsible for and bear their own respective expenses, including, without limitation, expenses
    of legal counsel, accountants, and other advisors, incurred at any time in connection with pursuing or consummating the Transaction.
    Each party’s obligations in this respect shall survive the closing of the Transaction or any termination of the Transaction
    between the parties. It is expressly understood that both parties’ counsel will be together responsible for preparing
    the documents required to complete the Transaction, including the filing statement required to be filed with the Exchange
    in connection with the Transaction.
	 	 	 
	 	10.	Exclusivity:
    The parties hereby agree that until the Termination Date (as defined below) or the date the parties enter into the Definitive
    Agreement, each party and their respective directors, officers, employees, agents and representatives will not, directly or
    indirectly:

 

	 	i.	solicit,
    initiate or encourage the initiation of any expression of interest, inquiries or proposals regarding, constituting or that
    may reasonably be expected to lead to any merger, amalgamation, take-over bid, tender offer, arrangement, recapitalization,
    liquidations, dissolution, share exchange, sale of material assets involving the parties or a proposal or offer to do so (the
    “Acquisition Proposal”) (including without limitation, any grant of an option or other right to take any
    such action);
	 	 	 
	 	ii.	participate
    in any discussions or negotiations regarding an Acquisition Proposal;
	 	 	 
	 	iii.	accept
    or enter into, or propose publicly to accept or enter into, any agreement, letter of intent, memorandum of understanding or
    any arrangement in respect of an Acquisition Proposal; and
	 	 	 
	 	iv.	otherwise
    cooperate in any way, assist or participate in, facilitate or encourage any effort or attempt by any person to do any of the
    foregoing.

 

	 	11.	Binding
    Effect: The consummation of the Transaction is subject to the entry of the Definitive Agreement. The Definitive Agreement
    is subject to the board approval of each of the parties.
	 	 	 
	 	12.	Termination:
    If the Definitive Agreement is not negotiated and executed by both parties on or before November 15, 2018 or such other
    date as agreed to by the parties (the “Termination Date”), then the terms of this LOI will be of no further
    force or effect except for Section 7 (Confidentiality), Section 9 (Costs) and Section 13 (Governing Laws). Section 7 (Confidentiality)
    and Section 13 (Governing Laws) will remain in effect for a period of one (1) year following the date this LOI is terminated.
	 	 	 
	 	13.	Governing
    Laws: This Letter of Intent will be governed by and be construed in accordance with the laws of the Province of Ontario
    and the federal laws of Canada applicable therein. The parties agree that any dispute arising out of or relating to this LOI
    shall be subject to the exclusive jurisdiction of the courts in and for the Province of Ontario and each party agrees to submit
    to the personal and exclusive jurisdiction and venue of such courts. Governing law and jurisdiction regarding the Definitive
    Agreement shall be negotiated between and agreed to by the parties and set out in the Definitive Agreement.
	 	 	 
	 	14.	Counterparts
    and Delivery: This Letter may be executed in any number of counterparts, each of which shall be deemed an original and
    all of which, taken together, shall constitute one and the same instrument. This Letter may be executed and delivered by facsimile
    or electronic transmission and the parties may rely on a facsimile or electronic signature as though it were an original signature.

 

    	 	 	 

    	 	Page
                                         | 8

    

 

If
the terms outlined above are acceptable to you please sign and date this Letter in the space provided below and return a signed
copy to the undersigned.

 

	 	Very
    truly yours,
	 	 
	 	Novo
    Integrated Sciences Inc. and Novo Healthnet Limited
	 	 	 
	 	By	/s/
    Robert Mattacchione
	 	 	Robert
    Mattacchione, Chairman, Novo Healthnet Limited
	 	 	 
	 	By	/s/
    Chris David
	 	 	Chris
    David, President, Novo Integrated Sciences Inc.
	 	 	 
	 	ACKNOWLEDGED
    AND AGREED to on October 10, 2018:
	 	 	 
	 	CannaPiece
    Group Inc.
	 	 	 
	 	By	/s/
    Ahmad Rasouli
	 	 	Ahmad
    Rasouli, CEOExhibit

EXHIBIT 10.1

 FIFTH AMENDMENT
This FIFTH AMENDMENT, dated as of November 19, 2018 (this “Agreement”), to the CREDIT AGREEMENT dated as of August 16, 2016 (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”), is entered into by and among LEIDOS INNOVATIONS CORPORATION (f/k/a Abacus Innovations Corporation), a Delaware corporation (the “Initial Borrower”), LEIDOS, INC., a Delaware corporation (the “Successor Borrower”), LEIDOS HOLDINGS, INC., a Delaware corporation (“Holdings”), the LENDERS party hereto and CITIBANK, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), Secured Parties Collateral Agent and Non-Notes Secured Parties Collateral Agent (capitalized terms used but not defined herein have the meaning provided in the Existing Credit Agreement). Citibank, N.A. has been appointed to act as lead arranger and bookrunner in connection with this Agreement (in such capacities, the “Arranger”).
W I T N E S S E T H
WHEREAS, pursuant to the Existing Credit Agreement, the Existing A5 Term Loan Lenders (as defined below) have made A5 Term Loans to the Initial Borrower on the terms and subject to the conditions set forth therein (such A5 Term Loans, to the extent outstanding immediately prior to the Fifth Amendment Effective Date (as defined below), the “Existing A5 Term Loans”);
WHEREAS, pursuant to the Existing Credit Agreement, the Existing B Term Loan Lenders (as defined below) have made B Term Loans to the Initial Borrower on the terms and subject to the conditions set forth therein (such B Term Loans, to the extent outstanding immediately prior to the Fifth Amendment Effective Date, the “Existing B Term Loans”);
WHEREAS, in furtherance of a corporate reorganization, Holdings (without any express or implied obligation under the Loan Documents) anticipates that the Initial Borrower will, pursuant to a statutory merger, be merged with and into the Successor Borrower (with the Successor Borrower surviving such merger as the surviving entity) (the “Merger”);
WHEREAS, effective as of the Fifth Amendment Effective Date, the Initial Borrower will assign, and the Successor Borrower will expressly assume, all of the Initial Borrower’s rights and obligations as “Borrower” under the Existing Credit Agreement, in each case in accordance with Section 1 hereof (the “Assignment and Assumption”);
WHEREAS, the Initial Borrower and the Successor Borrower have requested that the Existing Credit Agreement be amended (as so amended, the “Amended Credit Agreement”) to permit and evidence the Assignment and Assumption as provided below;
WHEREAS, each Lender holding Existing A5 Term Loans (each, an “Existing A5 Term Loan Lender”) that executes and delivers a signature page to this Agreement as a “Continuing A5 Term Loan Lender” (each, a “Continuing A5 Term Loan Lender”) at or prior to 8:00 p.m., New York City time, on November 14, 2018 (the “Fifth Amendment A5 Signing Date and Time”) will, in each case, have agreed to the terms of this Agreement upon the effectiveness of this Agreement on the Fifth Amendment Effective Date. Each Existing A5 Term Loan Lender that does not execute and deliver a signature page to this Agreement at or prior to the Fifth Amendment A5 Signing Date and Time (as set forth on Schedule I-A hereto, each, a “Departing A5 Term Loan Lender”), will be deemed not to have agreed to this Agreement, and will be subject to the mandatory assignment provisions of Section 2.18(b) of the Amended Credit Agreement upon the effectiveness of this Agreement on the Fifth Amendment Effective Date (it being understood that the interests, rights and obligations of the Departing A5 Term Loan Lenders under the Loan Documents will be assumed by each lender (which may be a Continuing A5 Term Loan Lender) that executes and delivers a signature page to this Agreement as a “New A5 Term Loan Lender” (each as set forth on Schedule I-B hereto, in such capacity, a “New A5 Term Loan Lender”), in each case in accordance with Section 2.18(b) of the Amended Credit Agreement and Section 3 hereof); and
WHEREAS, each Lender holding Existing B Term Loans (each, an “Existing B Term Loan Lender”) that executes and delivers a signature page to this Agreement as a “Continuing B Term Loan Lender” (each, a “Continuing B Term Loan Lender”) at or prior to 8:00 p.m., New York City time, on November 14, 2018 (the “Fifth Amendment B Signing Date and Time”) will, in each case, have agreed to the terms of this Agreement upon the effectiveness of this Agreement on the Fifth Amendment Effective Date. Each Existing B Term Loan Lender that does not execute and deliver a signature page to this Agreement at or prior to the Fifth Amendment B Signing Date and Time (each, a “Departing B Term Loan Lender”), will be deemed not to have agreed to this Agreement, and will be subject to the mandatory assignment provisions of Section 2.18(b) of the Amended Credit Agreement upon the effectiveness of this Agreement on the Fifth Amendment Effective Date (it being understood that the interests, rights and obligations of the Departing B Term Loan Lenders under the Loan Documents will be assumed by Citibank, N.A. (in such capacity, the “New B Term Loan Lender”), in each case in accordance with Section 2.18(b) of the Amended Credit Agreement and Section 3 hereof). 
NOW, THEREFORE, the parties hereto agree as follows:
SECTION 1.Assignment and Assumption. 
(a)    Effective as of the Fifth Amendment Effective Date, (1) the Initial Borrower hereby assigns to the Successor Borrower, and the Successor Borrower hereby expressly assumes from the Initial Borrower, all of the rights and obligations of the Initial Borrower as “Borrower” under the Existing Credit Agreement, the Amended Credit Agreement and the other Loan Documents, (2) the Successor Borrower hereby agrees (i) to be unconditionally bound in respect of all duties and liabilities as the “Borrower” under the Amended Credit Agreement and the other Loan Documents to the same extent as if the Successor Borrower had been named as the Borrower in the Existing Credit Agreement and the other Loan Documents and (ii) that it will perform and observe all obligations, covenants and agreements to be performed by the Initial Borrower under, and it will be bound in all respects by all of the terms and conditions of, the Amended Credit Agreement and the other Loan Documents that would be applicable to the Initial Borrower (in its capacity as the “Borrower”), without further action required on the part of any party and (3) the Initial Borrower hereby assigns, and the Successor Borrower hereby expressly assumes, all liabilities, obligations and rights of the Initial Borrower arising out of all representations, warranties, documents, instruments and certificates made or delivered by the Initial Borrower under or in connection with each Loan Document to which the Initial Borrower is a party. On and after the Fifth Amendment Effective Date, each reference in the Amended Credit Agreement or any other Loan Document to “the Borrower” shall be a reference to the Successor Borrower. 
(b)    Effective as of the Fifth Amendment Effective Date, the Initial Borrower (i) shall continue to be a “Guarantor” (and shall become a Guarantor with respect to obligations of the Successor Borrower) and “Grantor” under the Guarantee and Collateral Agreement, (ii) shall become a “Subsidiary Guarantor” under the Guarantee and Collateral Agreement, to the same extent as if it had been originally named as a “Subsidiary Guarantor” therein and (iii) agrees to all terms and provisions of the Guarantee and Collateral Agreement applicable to it as a “Guarantor” or “Subsidiary Guarantor” thereunder, including with respect to any guarantee of the Successor Borrower’s obligations. Effective as of the Fifth Amendment Effective Date, each reference to a “Subsidiary Guarantor” in the Guarantee and Collateral Agreement shall be deemed to include the Initial Borrower. 
SECTION 2.    Amendment of the Existing Credit Agreement. Effective as of the Fifth Amendment Effective Date, the Existing Credit Agreement is hereby amended as follows:
(a)    The following definitions are added in the appropriate alphabetical order to Section 1.01 of the Existing Credit Agreement:
“Fifth Amendment” shall mean that certain Fifth Amendment to this Agreement, dated as of the Fifth Amendment Effective Date, among Leidos Innovations Corporation, as initial borrower, Leidos, Inc., as successor borrower, Holdings, the Lenders party thereto, the Administrative Agent, the Secured Parties Collateral Agent and the Non-Notes Secured Parties Collateral Agent.
“Fifth Amendment Effective Date” means November 19, 2018.
(b)    The reference to “LEIDOS INNOVATIONS CORPORATION (F/K/A ABACUS INNOVATIONS CORPORATION)” on the cover of the Existing Credit Agreement is hereby replaced in its entirety with a reference to “LEIDOS, INC. (AS SUCCESSOR BORROWER TO LEIDOS INNOVATIONS CORPORATION (F/K/A ABACUS INNOVATIONS CORPORATION))”.
(c)    The first paragraph of the preamble of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:
“This CREDIT AGREEMENT, dated as of August 16, 2016 (including the Schedules and Exhibits hereto and as amended, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), is entered into by and among LEIDOS, INC. (as successor borrower to LEIDOS INNOVATIONS CORPORATION (f/k/a ABACUS INNOVATIONS CORPORATION)), a Delaware corporation (such successor, the “Borrower”), the Lenders (as defined in Article I), and CITIBANK, N.A. (“Citibank”), as administrative agent hereunder (in such capacity, the “Administrative Agent”) and as Secured Parties Collateral Agent and Non-Notes Secured Parties Collateral Agent hereunder and under the Security and Guarantee Documents for the Lenders.”
(d)    The definition of “A5 Term Loan” in the Existing Credit Agreement is hereby amended by adding the following sentence after the last sentence of such definition:
“The aggregate principal amount of A5 Term Loans as of the Fifth Amendment Effective Date is $261,550,811.08.”
(e)    The definition of “B Term Loan” in the Existing Credit Agreement is hereby amended by adding the following sentence after the last sentence of such definition:
“The aggregate principal amount of B Term Loans as of the Fifth Amendment Effective Date is $1,106,049,875.60.”
(f)    The parenthetical in clause (2) of the definition of “Excluded Subsidiary” is hereby amended and restated in its entirety to read as follows:
“(other than the Borrower and any Restricted Subsidiary that is not an “Excluded Subsidiary” under the Leidos Loan Documents)”
(g)    The definition of “First Amendment” in the Existing Credit Agreement is hereby amended by replacing the words “the Borrower” therein with “Spinco”.
(h)    The definition of “Fourth Amendment” in the Existing Credit Agreement is hereby amended by replacing the words “the Borrower” therein with “Spinco”.
(i)    The second sentence of the definition of “Interest Period” in the Existing Credit Agreement is hereby amended by amending and restating the first parenthetical phrase set forth therein in its entirety to read as follows:
“(or, (i) with respect to the Interest Period commencing on the Closing Date, the period from the Closing Date to August 31, 2016, (ii) with respect to the Interest Period for the B Term Loan commencing on the First Amendment Effective Date, the period from the First Amendment Effective Date to February 28, 2017, (iii) with respect to the Interest Period for the A3 Term Loan, A5 Term Loan or the B Term Loan commencing on the Second Amendment Restatement Date, the period from the Second Amendment Restatement Date to August 31, 2017, (iv) with respect to the Interest Period for the B Term Loan commencing on the Third Amendment Effective Date, the period from the Third Amendment Effective Date to March 29, 2018, (v) with respect to the Interest Period for the A5 Term Loan and the B Term Loan commencing on the Fourth Amendment Effective Date, the period from the Fourth Amendment Effective Date to August 31, 2018, and (vi) with respect to the Interest Period for the A5 Term Loan and the B Term Loan commencing on the Fifth Amendment Effective Date, the period from the Fifth Amendment Effective Date to November 30, 2018)”
(j)    The definition of “Leidos/Spinco Intercreditor Agreement” is hereby amended and restated in its entirety to read as follows:
““Leidos/Spinco Intercreditor Agreement” means the Intercreditor Agreement, dated as of the Closing Date, among Holdings, the Borrower, as borrower under this Agreement, Leidos, as borrower under the Leidos Credit Agreement, each Collateral Agent and each “Collateral Agent” (as defined in the Leidos Credit Agreement).”
(k)    The definition of “Second Amendment” in the Existing Credit Agreement is hereby amended by replacing the words “the Borrower” therein with “Spinco”.
(l)    The definition of “Spinco” in the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:
““Spinco” means Leidos Innovations Corporation (f/k/a Abacus Innovations Corporation), a Delaware corporation, prior to any merger with and into Leidos.”
(m)    The definition of “Term Loan” in the Existing Credit Agreement is hereby amended by adding the following sentence after the last sentence of such definition:
“The aggregate principal amount of Term Loans as of the Fifth Amendment Effective Date is $1,367,600,686.68.”
(n)    The definition of “Third Amendment” in the Existing Credit Agreement is hereby amended by replacing the words “the Borrower” therein with “Spinco”.
(o)    The parenthetical in clause (i) of the definition of “Unrestricted Subsidiary” in the Existing Credit Agreement is hereby amended by deleting the words “or Leidos” therein.
(p)    Section 2.02(a) of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:
“Each Borrowing shall be made on notice, given not later than (x) noon (New York City time) on the third Business Day (in the case of the proposed Borrowing to be made on the Closing Date, 9:00 A.M. (New York City time) one Business Day (or such shorter period as is approved by the Agent)) prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurocurrency Rate Loans or (y) noon (New York City time) on the date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Loans, by the Borrower to the Agent, which shall give to each Appropriate Lender prompt notice thereof by fax or e-mail. Each such notice of a Borrowing (a “Notice of Borrowing”) shall be by telephone, confirmed immediately in writing, or fax in substantially the form of Exhibit B hereto (or in such other form as may be acceptable to the Agent), specifying therein the requested (i) date and Facility of such Borrowing, (ii) Type of Loans comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of Eurocurrency Rate Loans, initial Interest Period. Each Appropriate Lender shall (1) before noon (New York City time) on the date of such Borrowing, in the case of a Borrowing consisting of Eurocurrency Rate Loans and (2) before 2:00 P.M. (New York City time) on the date of such Borrowing, in the case of a Borrowing consisting of Base Rate Loans, make available for the account of its Applicable Lending Office to the Agent at the applicable Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing. After the Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such funds available to the Borrower at the Agent’s address referred to in Section 9.02 or at the applicable Payment Office, as the case may be. Notwithstanding any other provision contained herein to the contrary, the last day of each Interest Period in effect with respect to each B Term Loan outstanding immediately prior to (v) the First Amendment Effective Date shall be deemed to be the First Amendment Effective Date, and on the First Amendment Effective Date, the Borrower shall pay interest on the unpaid principal amount of each B Term Loan that is accrued and unpaid through but excluding the First Amendment Effective Date at the rate per annum applicable to such Interest Period under Section 2.07(a)(i) or 2.07(a)(ii), as applicable, (w) the Second Amendment Restatement Date shall be deemed to be the Second Amendment Restatement Date, and on the Second Amendment Restatement Date, the Borrower shall pay interest on the unpaid principal amount of each B Term Loan that is accrued and unpaid through but excluding the Second Amendment Restatement Date at the rate per annum applicable to such Interest Period under Section 2.07(a)(i) or 2.07(a)(ii), as applicable, (x) the Third Amendment Effective Date shall be deemed to be the Third Amendment Effective Date, and on the Third Amendment Effective Date, the Borrower shall pay interest on the unpaid principal amount of each B Term Loan that is accrued and unpaid through but excluding the Third Amendment Effective Date at the rate per annum applicable to such Interest Period under Section 2.07(a)(i) or 2.07(a)(ii), as applicable, (y) the Fourth Amendment Effective Date shall be deemed to be the Fourth Amendment Effective Date, and on the Fourth Amendment Effective Date, the Borrower shall pay interest on the unpaid principal amount of each B Term Loan that is accrued and unpaid through but excluding the Fourth Amendment Effective Date at the rate per annum applicable to such Interest Period under Section 2.07(a)(i) or 2.07(a)(ii), as applicable, and (z) the Fifth Amendment Effective Date shall be deemed to be the Fifth Amendment Effective Date, and on the Fifth Amendment Effective Date, the Borrower shall pay interest on the unpaid principal amount of each B Term Loan that is accrued and unpaid through but excluding the Fifth Amendment Effective Date at the rate per annum applicable to such Interest Period under Section 2.07(a)(i) or 2.07(a)(ii), as applicable. Each B Term Loan outstanding as of (A) the First Amendment Effective Date will be deemed continued on the First Amendment Effective Date as a B Term Loan with an initial Interest Period as set forth on the notice of continuation attached as Exhibit A to the First Amendment, (B) the Second Amendment Restatement Date will be deemed continued on the Second Amendment Restatement Date as a B Term Loan with an initial Interest Period as set forth on the notice of continuation attached as Exhibit A to the Second Amendment, (C) the Third Amendment Effective Date will be deemed continued on the Third Amendment Effective Date as a B Term Loan with an initial Interest Period as set forth on the notice of continuation attached as Exhibit A to the Third Amendment, (D) the Fourth Amendment Effective Date will be deemed continued on the Fourth Amendment Effective Date as a B Term Loan with an initial Interest Period as set forth on the notice of continuation attached as Exhibit A to the Fourth Amendment and (E) the Fifth Amendment Effective Date will be deemed continued on the Fifth Amendment Effective Date as a B Term Loan with an initial Interest Period as set forth on the notice of continuation attached as Exhibit A to the Fifth Amendment. Notwithstanding any other provision contained herein to the contrary, (x) the last day of each Interest Period in effect with respect to each A3 Term Loan and A5 Term Loan outstanding immediately prior to the Second Amendment Restatement Date shall be deemed to be the Second Amendment Restatement Date, and on the Second Amendment Restatement Date, the Borrower shall pay interest on the unpaid principal amount of each A3 Term Loan and A5 Term Loan that is accrued and unpaid through but excluding the Second Amendment Restatement Date at the rate per annum applicable to such Interest Period under Section 2.07(a)(i) or 2.07(a)(ii), as applicable, (y) the last day of each Interest Period in effect with respect to each A5 Term Loan outstanding immediately prior to the Fourth Amendment Effective Date shall be deemed to be the Fourth Amendment Effective Date, and on the Fourth Amendment Effective Date, the Borrower shall pay interest on the unpaid principal amount of each A5 Term Loan that is accrued and unpaid through but excluding the Fourth Amendment Effective Date at the rate per annum applicable to such Interest Period under Section 2.07(a)(i) or 2.07(a)(ii), as applicable, and (z) the last day of each Interest Period in effect with respect to each A5 Term Loan outstanding immediately prior to the Fifth Amendment Effective Date shall be deemed to be the Fifth Amendment Effective Date, and on the Fifth Amendment Effective Date, the Borrower shall pay interest on the unpaid principal amount of each A5 Term Loan that is accrued and unpaid through but excluding the Fifth Amendment Effective Date at the rate per annum applicable to such Interest Period under Section 2.07(a)(i) or 2.07(a)(ii), as applicable. Each A3 Term Loan or A5 Term Loan outstanding as of the Second Amendment Restatement Date will be deemed continued on the Second Amendment Restatement Date as an A3 Term Loan or A5 Term Loan, as applicable, with an initial Interest Period as set forth on the notice of continuation attached as Exhibit A to the Second Amendment. Each A5 Term Loan outstanding as of the Fourth Amendment Effective Date will be deemed continued on the Fourth Amendment Effective Date as an A5 Term Loan with an initial Interest Period as set forth on the notice of continuation attached as Exhibit A to the Fourth Amendment. Each A5 Term Loan outstanding as of the Fifth Amendment Effective Date will be deemed continued on the Fifth Amendment Effective Date as an A5 Term Loan with an initial Interest Period as set forth on the notice of continuation attached as Exhibit A to the Fifth Amendment.”
(q)    The lead-in statement to Article IV of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:
“Each of Holdings and the Borrower represents and warrants as follows:”
(r)    Clause (ii) of Section 6.06(j) of the Existing Credit Agreement is hereby amended by replacing the word “Borrower” therein with “Spinco”.
(s)    Clause (ii) of Section 6.11(b) of the Existing Credit Agreement is hereby amended by deleting the words “or Leidos” from the first parenthetical therein.
(t)    Section 6.11(e) of the Existing Credit Agreement is hereby amended by deleting the words “or Leidos” from the first parenthetical therein.
(u)    Section 6.13 of the Existing Credit Agreement is hereby amended by deleting the words “or Leidos” from the second parenthetical therein.
(v)    Section 9.04(b) of the Existing Credit Agreement is hereby amended by deleting the words “(including Leidos and its subsidiaries)” from clause (v) therein and subclause (z) of the proviso therein.
(w)    The first sentence of Section 9.06 of the Existing Credit Agreement is hereby amended by adding the following at the end thereof:
“; provided that the assignment by Spinco of all of its rights and obligations as “Borrower” under this Agreement and the other Loan Documents to Leidos pursuant to the Fifth Amendment is expressly permitted.”
(x)    Section 9.08 of the Existing Credit Agreement is hereby amended by deleting the words “Leidos and its obligations,” from clause (f)(ii) therein.
SECTION 3.    Transactions on the Fifth Amendment Effective Date. 
(a)    A5 Term Loan Lenders and Existing A5 Term Loans. 
(i)    Subject to the terms and conditions set forth herein and in the Amended Credit Agreement, on the Fifth Amendment Effective Date, (A) each New A5 Term Loan Lender shall become, and each Continuing A5 Term Loan Lender shall continue to be, an “A5 Term Loan Lender” and a “Lender” under the Amended Credit Agreement and (B) each New A5 Term Loan Lender shall have, and each Continuing A5 Term Loan Lender shall continue to have, all the rights and obligations of an “A5 Term Loan Lender” and a “Lender” holding an A5 Term Loan under the Amended Credit Agreement.
(ii)    On the Fifth Amendment Effective Date, each (x) Departing A5 Term Loan Lender and (y) Continuing A5 Term Loan Lender with respect to which the aggregate principal amount of Existing A5 Term Loans held by it immediately prior to the Fifth Amendment Effective Date is greater than the amount set forth opposite its name on Schedule I-B hereof (such Continuing A5 Term Loan Lender, a “Decreasing A5 Term Loan Lender” and the difference in such amounts, such Decreasing A5 Term Loan Lender’s “A5 Decrease Amount”) shall be deemed to have assigned and delegated its Existing A5 Term Loans (in the case of a Departing A5 Term Loan Lender) or its A5 Decrease Amount of its Existing A5 Term Loans (in the case of a Decreasing A5 Term Loan Lender), together with all of its interests, rights (other than its existing rights to payments pursuant to Section 2.11 or 2.14 of the Existing Credit Agreement) and obligations under the Loan Documents in respect thereof, at a purchase price equal to the par principal amount of such Loans (the “A5 Purchase Price”), and each New A5 Term Loan Lender shall be deemed to have assumed and accepted the proportionate part of the Existing A5 Term Loans of the Departing A5 Term Loan Lenders and the A5 Decrease Amounts of the Existing A5 Term Loans of the Decreasing A5 Term Loan Lenders to such extent as shall be necessary in order that, after giving effect to all such assignments and delegations, each Continuing A5 Term Loan Lender and New A5 Term Loan Lender shall hold Existing A5 Term Loans in an aggregate principal amount that is equal to the amount set forth opposite its name on Schedule I-B hereto and each Departing A5 Term Loan Lender shall hold no Existing A5 Term Loans (it being understood that the aggregate amount of all such Existing A5 Term Loans so assigned and delegated is $0.00). Each New A5 Term Loan Lender shall be deemed to have assumed a percentage of the Existing A5 Term Loans of each Departing A5 Term Loan Lender and a percentage of the A5 Decrease Amount of the Existing A5 Term Loans of each Decreasing A5 Term Loan Lender that is equal to (A) the aggregate principal amount of the Existing A5 Term Loans of all the Departing A5 Term Loan Lenders and the aggregate principal amount of the A5 Decrease Amounts of the Existing A5 Term Loans of all Decreasing A5 Term Loan Lenders that, in each case, will be assumed by such New A5 Term Loan Lender divided by (B) the sum of (a) the aggregate principal amount of the Existing A5 Term Loans of all Departing A5 Term Loan Lenders and (b) the aggregate principal amount of the A5 Decrease Amounts of the Existing A5 Term Loans of all Decreasing A5 Term Loan Lenders.  Upon payment to a Departing A5 Term Loan Lender of (I) the A5 Purchase Price with respect to its Existing A5 Term Loans from the Administrative Agent (on behalf of the New A5 Term Loan Lenders) and (II) accrued and unpaid interest and fees (if any) in respect of its Existing A5 Term Loans through but excluding the Fifth Amendment Effective Date and all other amounts payable to it as of the Fifth Amendment Effective Date under the Loan Documents in respect of its Existing A5 Term Loans and other interests assigned by it under this Section 3(a)(ii) (including any amounts due under Section 9.04(f) of the Existing Credit Agreement that are payable as of the Fifth Amendment Effective Date) from the Initial Borrower (and without the requirement of any further action on the part of such Departing A5 Term Loan Lender), such Departing A5 Term Loan Lender shall cease to be a party to the Existing Credit Agreement with respect to the Existing A5 Term Loans (and its interests, rights and obligations in respect thereof) deemed assigned by it under this Section 3(a)(ii). Upon payment to a Decreasing A5 Term Loan Lender of (I) the A5 Purchase Price with respect to its A5 Decrease Amount of its Existing A5 Term Loans from the Administrative Agent (on behalf of the New A5 Term Loan Lenders) and (II) accrued and unpaid interest and fees (if any) in respect of its A5 Decrease Amount of its Existing A5 Term Loans through but excluding the Fifth Amendment Effective Date and all other amounts payable to it as of the Fifth Amendment Effective Date under the Loan Documents in respect of its A5 Decrease Amount of its Existing A5 Term Loans and other interests assigned by it under this Section 3(a)(ii) (including any amounts due under Section 9.04(f) of the Existing Credit Agreement that are payable as of the Fifth Amendment Effective Date) from the Initial Borrower (and without the requirement of any further action on the part of such Decreasing A5 Term Loan Lender), such Decreasing A5 Term Loan Lender shall cease to be a party to the Existing Credit Agreement with respect to its A5 Decrease Amount of its Existing A5 Term Loans (and its interests, rights and obligations in respect thereof) deemed assigned by it under this Section 3(a)(ii). Each New A5 Term Loan Lender shall make the payment for the assumption deemed made by it pursuant to this Section 3(a)(ii) by wire transfer on the Fifth Amendment Effective Date of immediately available funds to the Administrative Agent in an amount equal to the A5 Purchase Price applicable to the Existing A5 Term Loans assumed by it pursuant to this Section 3(a)(ii), and the Administrative Agent will promptly distribute, by remitting in like funds, such amounts received by it to the Departing A5 Term Loan Lenders and Decreasing A5 Term Loan Lenders in accordance with their interests therein.
(b)    B Term Loan Lenders and Existing B Term Loans. 
(i)    Subject to the terms and conditions set forth herein and in the Amended Credit Agreement, on the Fifth Amendment Effective Date, (A) the New B Term Loan Lender shall become, and each Continuing B Term Loan Lender shall continue to be, a “B Term Loan Lender” and a “Lender” under the Amended Credit Agreement and (B) the New B Term Loan Lender shall have, and each Continuing B Term Loan Lender shall continue to have, all the rights and obligations of a “B Term Loan Lender” and a “Lender” holding a B Term Loan under the Amended Credit Agreement.
(ii)    On the Fifth Amendment Effective Date, pursuant to Section 2.18(b) of the Amended Credit Agreement, each Departing B Term Loan Lender shall be deemed to have assigned and delegated its Existing B Term Loans, together with all of its interests, rights (other than its existing rights to payments pursuant to Section 2.11 or Section 2.14 of the Existing Credit Agreement) and obligations under the Loan Documents in respect thereof, to the New B Term Loan Lender at a purchase price equal to the par principal amount of such Loans (the “TLB Purchase Price”), and the New B Term Loan Lender shall be deemed to have assumed and accepted the aggregate principal amount of such Existing B Term Loans deemed assigned by such Departing B Term Loan Lenders; it being understood and agreed that the aggregate principal amount of all such Existing B Term Loans so assigned and delegated is $9,949,367.08. Upon payment to a Departing B Term Loan Lender of (I) the TLB Purchase Price with respect to its Existing B Term Loans from the New B Term Loan Lender and (II) accrued and unpaid interest and fees (if any) in respect of its Existing B Term Loans through but excluding the Fifth Amendment Effective Date and all other amounts payable to it as of the Fifth Amendment Effective Date under the Loan Documents in respect of its Existing B Term Loans and other interests assigned by it under this Section 3(b)(ii) (including any amounts due under Section 9.04(f) of the Existing Credit Agreement that are payable as of the Fifth Amendment Effective Date) from the Initial Borrower (and without the requirement of any further action on the part of such Departing B Term Loan Lender), such Departing B Term Loan Lender shall cease to be a party to the Existing Credit Agreement with respect to the Existing B Term Loans (and its interests, rights and obligations in respect thereof) deemed assigned by it under this Section 3(b)(ii).
(c)    The Initial Borrower shall be deemed to have given notice to the Administrative Agent, each Departing B Term Loan Lender and each Departing A5 Term Loan Lender as required by Section 2.18(b) of the Existing Credit Agreement.
(d)    Each New A5 Term Loan Lender and the New B Term Loan Lender, by delivering its signature page to this Agreement and assuming Existing A5 Term Loans or  Existing B Term Loans, as applicable, hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, (i) the amendment of the Existing Credit Agreement provided for herein and (ii) each Loan Document and each other document required to be approved by any Agent, the Required Lenders or any other Lenders, as applicable, on the Fifth Amendment Effective Date (and after giving effect to the amendment of the Existing Credit Agreement provided for in this Agreement). 
(e)    The Agent, by delivering its signature page to this Agreement, consents to this Agreement, the transactions contemplated hereby and the amendment of the Existing Credit Agreement effected hereby.
(f)    Each New A5 Term Loan Lender and each Continuing A5 Term Loan Lender consents to the allocations set forth on Schedule I-B. 
(g)    For purposes of clarity, (i) all Existing A5 Term Loans shall continue to be outstanding as A5 Term Loans under the Amended Credit Agreement on and after the Fifth Amendment Effective Date and (ii) all Existing B Term Loans shall continue to be outstanding as B Term Loans under the Amended Credit Agreement on and after the Fifth Amendment Effective Date, in each case, subject to the terms of the Amended Credit Agreement. 
SECTION 4.    Conditions to Effectiveness of Agreement. The amendment of the Existing Credit Agreement and associated provisions set forth herein shall become effective as of the first date on which the following occur or have been waived in accordance with Section 9.01 of the Existing Credit Agreement (the “Fifth Amendment Effective Date”):
(a)    The Administrative Agent shall have received duly executed counterparts of this Agreement from (A) the Initial Borrower, (B) the Successor Borrower, (C) Holdings, (D) Lenders constituting the Required Lenders, (E) each Continuing A5 Term Loan Lender and each New A5 Term Loan Lender, (F) each Continuing B Term Loan Lender and the New B Term Loan Lender and (G) the Agent.
(b)    The Administrative Agent shall have received a certificate of the Secretary or Assistant Secretary of each of the Initial Borrower, the Successor Borrower and Holdings, in each case, dated the Fifth Amendment Effective Date and certifying (A) that attached thereto is a true and complete copy of the by-laws (or comparable organizational document) of such Person as in effect on the Fifth Amendment Effective Date and, if earlier, at all times since the date of the resolutions described in clause (B) below (or, where applicable, a certificate of the Secretary or Assistant Secretary of such Person certifying (1) in the case of the Initial Borrower or Holdings, that the applicable by-laws or comparable organizational document delivered on the Closing Date, First Amendment Effective Date, the Second Amendment Restatement Date, Third Amendment Effective Date or the Fourth Amendment Effective Date, as applicable, or,  in the case of the Successor Borrower, on the Closing Date (as defined in the Leidos Credit Agreement), the First Restatement Effective Date (as defined in the Leidos Credit Agreement) or the Second Amendment Effective Date (as defined in the Leidos Credit Agreement), as applicable (such date, the “Reference Date”), were true and correct as of the Reference Date and (2) as of the Fifth Amendment Effective Date, there have been no amendments or modifications to such documents since the Reference Date and that such documents remain in full force and effect), (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors (or comparable governing body) of such Person authorizing the execution, delivery and performance of this Agreement and the other documents delivered in connection herewith to which such Person is a party and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation (or comparable organizational document) of such Person have not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to clause (c) below and (D) as to the incumbency and specimen signature of each Responsible Officer executing any document delivered in connection herewith on behalf of such Person.
(c)    The Administrative Agent shall have received (x) certified copies of the certificate or articles of incorporation (or comparable organizational document), including all amendments thereto, of each of the Initial Borrower, the Successor Borrower and Holdings, in each case, as in effect on the Fifth Amendment Effective Date, certified as of a recent date by the Secretary of State (or comparable entity) of the jurisdiction of its organization, and (y) a certificate as to the good standing of each of the Initial Borrower, the Successor Borrower and Holdings, in each case, as of a recent date, from the Secretary of State (or comparable entity) of the jurisdiction of its organization.
(d)    The Administrative Agent shall have received a favorable opinion of Skadden, Arps, Slate, Meagher & Flom LLP, counsel for the Initial Borrower, the Successor Borrower and Holdings, dated as of the Fifth Amendment Effective Date, addressed to the Administrative Agent, each Collateral Agent and each Lender in form and substance reasonably satisfactory to the Administrative Agent and covering the Initial Borrower, the Successor Borrower and Holdings, and each of the Initial Borrower, the Successor Borrower and Holdings hereby requests such counsel to deliver such opinions.
(e)    The representations and warranties made or deemed to be made in this Agreement shall be true and correct in all material respects.
(f)    The Administrative Agent shall have received a certificate from each of the Initial Borrower, the Successor Borrower and Holdings, in each case, dated the Fifth Amendment Effective Date and signed by a Responsible Officer of the Initial Borrower, the Successor Borrower or Holdings, as applicable, certifying to the matters set forth in clause (e) of this Section 4.
(g)    The Initial Borrower shall have paid all fees and other amounts due and payable on or prior to the Fifth Amendment Effective Date pursuant to this Agreement or as separately agreed by the Initial Borrower and the Arranger and/or any of the Lenders and all invoiced expenses of the Administrative Agent and the Arranger relating hereto (including those of counsel to the Administrative Agent and the Arranger).
(h)    The Initial Borrower shall have paid to the Administrative Agent in immediately available funds an aggregate amount equal to the aggregate payments required to be made by the Initial Borrower to the assignors pursuant to Section 3(a)(ii) and Section 3(b)(ii) hereof. The New A5 Term Loan Lenders shall have paid to the Administrative Agent in immediately available funds an aggregate amount equal to the aggregate payments required to be made by such parties to the Departing A5 Term Loan Lenders and Decreasing A5 Term Loan Lenders, as applicable, pursuant to Section 3(a)(ii) hereof.  
(i)    The Administrative Agent shall have received a notice of continuation, substantially in the form attached as Exhibit A to this Agreement, from the Successor Borrower with respect to the Existing A5 Term Loans and Existing B Term Loans.
(j)    The Administrative Agent shall have received the Reaffirmation Agreement attached as Exhibit B to this Agreement, executed by each Loan Party.
(k)    The Administrative Agent shall have received a certification regarding beneficial ownership as required by 31 C.F.R. § 1010.230 (the “Beneficial Ownership Certification”) in relation to the Successor Borrower.
The Administrative Agent shall notify the Initial Borrower, the Successor Borrower, each Existing A5 Term Loan Lender, each New A5 Term Loan Lender, each Existing B Term Loan Lender and the New B Term Loan Lender of the Fifth Amendment Effective Date, and such notice shall be conclusive and binding absent manifest error.
For purposes of determining compliance with the conditions specified above, each Lender party to this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to such Person unless the Administrative Agent shall have received written notice from such Person prior to the Fifth Amendment Effective Date specifying its objection thereto.
SECTION 5.    Representations and Warranties. Each of Holdings, the Initial Borrower and the Successor Borrower hereby represents and warrants to the Administrative Agent and each Lender on the Fifth Amendment Effective Date that:
(a)    This Agreement has been duly authorized, executed and delivered by each of Holdings, the Initial Borrower and the Successor Borrower and constitutes a legal, valid and binding obligation of each of Holdings, the Initial Borrower and the Successor Borrower, enforceable against each of Holdings, the Initial Borrower and the Successor Borrower in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
(b)    The representations and warranties of each Loan Party set forth in the Loan Documents are true and correct (i) in the case of the representations and warranties qualified or modified as to materiality in the text thereof, in all respects and (ii) otherwise, in all material respects, in each case on and as of the Fifth Amendment Effective Date, except in the case of any such representation and warranty that expressly relates to an earlier date, in which case such representation and warranty shall be so true and correct, or true and correct in all material respects, as applicable, on and as of such earlier date, and except that (x) the representations and warranties contained in Section 4.06(a) of the Existing Credit Agreement will be deemed to refer to the most recent financial statements that have been delivered pursuant to Section 5.08(b) of the Existing Credit Agreement and (y) for the representations and warranties contained in Section 4.11(b) of the Existing Credit Agreement, the reference to “immediately after the consummation of the Transactions” will be deemed replaced with the text “immediately after giving effect to the transactions to occur on the Fifth Amendment Effective Date”.
(c)    No Default or Event of Default has occurred and is continuing or would result from the transactions provided for in this Agreement.
(d)    As of the Fifth Amendment Effective Date, the information included in the Beneficial Ownership Certification is true and correct in all respects.
SECTION 6.    Effects on Loan Documents; No Novation. o Except as expressly set forth herein, this Agreement shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement, the Amended Credit Agreement or any other Loan Document, all of which shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  
(a)    Except as expressly set forth herein, the execution, delivery and effectiveness of this Agreement shall not 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 the Loan Documents or in any way limit, impair or otherwise affect the rights and remedies of the Administrative Agent or the Lenders under the Loan Documents. Nothing herein shall be deemed to entitle the Successor Borrower or any other Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Amended Credit Agreement or any other Loan Document in similar or different circumstances.
(b)    On and after the Fifth Amendment Effective Date, each reference in the Amended Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each reference to the “Credit Agreement”, “thereunder”, “thereof”, “therein” or words of like import in any other Loan Document, shall be deemed a reference to the Amended Credit Agreement. The Successor Borrower and the other parties hereto acknowledge and agree that this Agreement shall constitute a Loan Document for all purposes of the Existing Credit Agreement, the Amended Credit Agreement and the other Loan Documents. 
(c)    Neither this Agreement nor the effectiveness of the Amended Credit Agreement shall extinguish the obligations for the payment of money outstanding under the Existing Credit Agreement or discharge or release the Lien or priority of any Security and Guarantee Document or any other security therefor or any guarantee thereof. Nothing herein contained shall be construed as a substitution or novation of the Obligations outstanding under the Existing Credit Agreement or the Security and Guarantee Documents or instruments guaranteeing or securing the same, which shall remain in full force and effect, in each case, except as expressly modified hereby or by instruments executed concurrently herewith. Nothing expressed or implied in this Agreement, the Amended Credit Agreement or any other document contemplated hereby or thereby shall be construed as a release or other discharge of any Loan Party under any Loan Document from any of its obligations and liabilities thereunder, in each case, except as expressly provided herein or in documents executed concurrently herewith.
SECTION 7.    Consent. Notwithstanding anything to the contrary herein, in the Amended Credit Agreement or in the Loan Documents, each Lender party hereto consents to (i) the transactions contemplated by this Agreement and the Amended Credit Agreement, including the assignment by the Initial Borrower of all of its rights and obligations as “Borrower” under this Agreement and the other Loan Documents to the Successor Borrower pursuant to this Agreement and (ii) the Merger.
SECTION 8.    Acknowledgement. Each party hereto hereby acknowledges and agrees that this Agreement constitutes a written instrument of assignment and delegation as required by Section 2.18(b) of the Amended Credit Agreement.
SECTION 9.    Waiver. The Agent hereby waives the processing and recordation fee provided for in Section 9.07(b)(iv) of the Existing Credit Agreement in connection with any assignment of (i) A5 Term Loans by Departing A5 Term Loan Lenders or Decreasing A5 Term Loan Lenders or (ii) B Term Loans by Departing B Term Loan Lenders, in each case as contemplated by Section 2 hereof. 
SECTION 10.    Further Assurances. Each of the Initial Borrower, the Successor Borrower and Holdings agrees to take any further action that is reasonably requested by the Administrative Agent to effect the purposes of this Agreement and the transactions contemplated hereby.
SECTION 11.    APPLICABLE LAW, JURISDICTION, WAIVER OF JURY TRIAL. THE PROVISIONS OF SECTIONS 9.09, 9.12 AND 9.16 OF THE EXISTING CREDIT AGREEMENT ARE HEREBY INCORPORATED BY REFERENCE HEREIN, MUTATIS MUTANDIS.
SECTION 12.    Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or email shall be effective as delivery of an originally executed counterpart of this Agreement.
SECTION 13.    Notices. All notices, requests and demands to or upon the respective parties hereto shall be given in the manner, and become effective, as set forth in Section 9.02 of the Amended Credit Agreement.
[Remainder of page intentionally left blank.]

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

	
		
	LEIDOS INNOVATIONS CORPORATION

	By:
	/s/ Marc H. Crown

	 
	Name:   Marc H. Crown

	 
	Title:   Treasurer

	
		
	LEIDOS, INC.

	By:
	/s/ Marc H. Crown

	 
	Name:   Marc H. Crown

	 
	Title:   Treasurer

	
		
	LEIDOS HOLDINGS, INC.

	By:
	/s/ Marc H. Crown

	 
	Name:   Marc H. Crown

	 
	Title:   Treasurer

	
		
	CITIBANK, N.A., as the Administrative Agent, the Secured Parties Collateral Agent, the Non-Notes Secured Parties Collateral Agent, the New B Term Loan Lender and a Lender

	By:
	/s/ Caesar W. Wyszomirksi

	 
	Name:   Caesar W. Wyszomirksi

	 
	Title:   Vice President

FORM OF SIGNATURE PAGE TO 
THE FIFTH AMENDMENT OF THE
LEIDOS INNOVATIONS CORPORATION CREDIT AGREEMENT
(CONTINUING B TERM LOAN LENDER)

The undersigned, by executing this signature page as a Continuing B Term Loan Lender, agrees to the terms of this Agreement and the transactions contemplated hereby and consents to the amendment of the Existing Credit Agreement effected hereby.

	
	
	

Name of Lender:___________________________

For any Lender requiring a second signature line:

Name of Lender:___________________________

FORM OF SIGNATURE PAGE TO 
THE FIFTH AMENDMENT OF THE
LEIDOS INNOVATIONS CORPORATION CREDIT AGREEMENT
(CONTINUING A5 TERM LOAN LENDER/NEW A5 TERM LOAN LENDER)

EXISTING LENDERS

If the undersigned is an Existing A5 Term Loan Lender, the undersigned executes this signature page as a Continuing A5 Term Loan Lender (including, if applicable, as a Decreasing A5 Term Loan Lender), agrees to the terms of this Agreement and the transactions contemplated hereby and consents to the amendment of the Existing Credit Agreement effected hereby.

The undersigned Existing A5 Term Loan Lender, by checking the box below, hereby also executes this signature page as a New A5 Term Loan Lender: 
□ (check box if allocation of Existing A5 Term Loans is increasing in connection with this Agreement)

 

 
NEW LENDERS

If the undersigned is not an Existing A5 Term Loan Lender, the undersigned executes this signature page as a New A5 Term Loan Lender, agrees to the terms of this Agreement and the transactions contemplated hereby and consents to the amendment of the Existing Credit Agreement effected hereby.
	
	
	

Name of Lender:___________________________

For any Lender requiring a second signature line:

Name of Lender:___________________________

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