Document:

Exhibit

Exhibit 4.3
DESCRIPTION OF CAPITAL STOCK
The following description of the capital stock of Dolby Laboratories, Inc. (“us,” “our,” “we” or the “Company”) is a summary of the rights of our common stock and certain provisions of our amended and restated certificate of incorporation and amended and restated bylaws currently in effect. This summary does not purport to be complete and is qualified in its entirety by the provisions of our amended and restated certificate of incorporation and amended and restated bylaws, each previously filed with the Securities and Exchange Commission and incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.3 is a part, as well as to the applicable provisions of the Delaware General Corporation Law (the “DGCL”). We encourage you to read our certificate of incorporation, bylaws and the applicable portions of the DGCL carefully.
General 
Our certificate of incorporation authorizes two classes of common stock: Class A common stock, which has one vote per share, and Class B common stock, which has ten votes per share. Any holder of Class B common stock may convert his or her shares at any time into shares of Class A common stock on a share-for-share basis. The rights of the two classes of common stock are otherwise identical, except as described below. Some of the terms of these classes of common stock are discussed in greater detail below.
Our authorized capital stock consists of 1,000,000,000 shares, each with a par value of $0.001 per share, of which: 
		
	•
	500,000,000 shares are designated as Class A common stock; and 

		
	•
	500,000,000 shares are designated as Class B common stock.

Common Stock 
Voting Rights 
Generally, holders of our Class A and Class B common stock have identical voting rights, except that holders of our Class A common stock are entitled to one vote per share, and holders of our Class B common stock are entitled to ten votes per share. Holders of shares of Class A common stock and Class B common stock vote together as a single class on all matters submitted to a vote of stockholders, including the election of directors, unless otherwise provided in our certificate of incorporation or required by law. Delaware law requires either our Class A common stock or Class B common stock to vote separately as a single class if, among other things, we amend our certificate of incorporation in a manner that alters or changes the powers, preferences or special rights of that class of common stock in a manner that affects it adversely or increases or decreases the number of authorized shares of that class. Our certificate of incorporation provides for the holders of our Class B common stock to vote separately as a class under only certain limited circumstances. 
Our charter documents prohibit cumulative voting in the election of directors. 
Dividends 
Holders of our Class A common stock and Class B common stock are entitled to share equally on a per share basis in any dividends that our board of directors may determine to declare from time to time. In the event a dividend is paid in the form of shares of common stock or rights to acquire shares of common stock, the holders of Class A common stock will receive shares of Class A common stock or rights to acquire shares of Class A common stock, as the case may be, and the holders of shares of Class B common stock will receive shares of Class B common stock or rights to acquire shares of Class B common stock, as the case may be.
Liquidation Rights

Upon our liquidation, dissolution or winding-up, the holders of our Class A common stock and Class B common stock are entitled to share equally on a per share basis in all assets remaining after the payment of our liabilities. 
Conversion 
Shares of our Class A common stock are not convertible into any other shares of our capital stock. Each share of our Class B common stock is convertible into one share of Class A common stock at any time at the option of the holder or upon the affirmative vote of the holders of majority of the outstanding shares of Class B common stock. 
In addition, each share of Class B common stock converts automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain transfers described in our certificate of incorporation, which include transfers to: 

		
	•
	Holders of Class B common stock outstanding immediately following the effectiveness of our initial public offering (which occurred in February 2005), and the initial holders of shares of Class B common stock issued upon the exercise of options outstanding at such time, who we collectively refer to as our Class B holders;

		
	•
	Spouses or lineal descendants, or the spouses or domestic partners of such lineal descendants, of the Class B holders;

		
	•
	Executors or administrators of the estates of Class B holders, their spouses or lineal descendants, or the spouses or domestic partners of such lineal descendants;

		
	•
	Trusts for the benefit of Class B holders, their spouses or lineal descendants, the spouses or domestic partners of such lineal descendants, or the parents of the spouses or lineal descendants of Class B holders or the spouses or domestic partners of such lineal descendants, provided that the beneficiaries of such trusts may also include individuals or entities entitled to specific cash distributions or specific items of property other than shares of Class B common stock and charitable organizations;

		
	•
	Charitable organizations established by Class B holders, their spouses or lineal descendants, or the spouses or domestic partners of such lineal descendants; or

		
	•
	Any other entity controlled by Class B holders, their spouses or lineal descendants, or the spouses or domestic partners of such lineal descendants, or trusts for their benefit, or charitable organizations established by them.

Notwithstanding the foregoing, each share of Class B common stock will automatically convert into one share of Class A common stock upon any transfer by the above persons or entities in a brokerage transaction or transaction with a market maker or in any similar open market transaction on any securities exchange, national quotation system or over-the-counter market. 
We may not issue or sell any shares of Class B common stock, or any securities convertible or exercisable into shares of Class B common stock, except for the issuance or sale of shares pursuant to any stock splits, stock dividends, subdivisions, combinations or recapitalizations with respect to the Class B common stock.
Anti-Takeover Effects of Delaware Law and Our Certificate of Incorporation and Bylaws 
Certain provisions of Delaware law, our certificate of incorporation and our bylaws contain provisions that could have the effect of delaying, deferring or discouraging another party from acquiring or seeking to acquire control of our company. In particular, our dual class common stock structure concentrates voting power in the hands of our Class B stockholders. These provisions, some of which are summarized below, are intended to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed, in part, to encourage persons seeking to acquire control of our company to first negotiate with our board of directors. 

Dual Class Structure 
As discussed above, our Class B common stock has ten votes per share, while our Class A common stock, which is the only class of our stock that is publicly traded, has one vote per share. 
As a result of this dual class structure, the Dolby family and their affiliates will, for the foreseeable future, have significant influence over our management and affairs, and will be able to control virtually all matters requiring stockholder approval, including the election of directors and significant corporate transactions such as mergers or other sales of our company or assets, even if they come to own considerably less than 50% of the total number of outstanding shares of our Class A and Class B common stock. Absent a transfer of Class B common stock that would trigger an automatic conversion as described above under “Common Stock—Conversion,” there is no threshold or time deadline at which the shares of Class B common stock will automatically convert into shares of Class A common stock. Moreover, the Dolby family and their affiliates may take actions in their own interests that our other stockholders do not view as beneficial. 
Limits on Ability of Stockholders to Act by Written Consent or Call a Special Meeting 
We have provided in our certificate of incorporation that our stockholders may not act by written consent after such time as the outstanding shares of Class B common stock represent less than a majority of the combined voting power of our outstanding Class A common stock and Class B common stock. As a result, after such time, a holder controlling a majority of our capital stock would not be able to amend our bylaws or remove directors without holding a stockholders’ meeting. This limit on the ability of our stockholders to act by written consent may lengthen the amount of time required to take stockholder actions. 
In addition, our certificate of incorporation provides that, unless otherwise required by law, special meetings of the stockholders may be called only by the chairman of the board, the chief executive officer, the president, or the board of directors acting pursuant to a resolution adopted by a majority of the board members. A stockholder may not call a special meeting, which may delay or inhibit the ability of our stockholders to force consideration of a proposal or of holders controlling a majority of our capital stock to take any action, including the removal of directors. 
Requirements for Advance Notification of Stockholder Nominations and Proposals 
Our bylaws establish advance notice procedures with respect to stockholder proposals and the nomination of candidates for election as directors, other than nominations made by or at the direction of the board of directors or its committees. The bylaws do not give the board of directors the power to approve or disapprove stockholder nominations of candidates or proposals regarding business to be conducted at a special or annual meeting of the stockholders. However, our bylaws may have the effect of precluding the conduct of certain business at a meeting if the proper procedures are not followed. These provisions may also discourage or deter a potential acquiror from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of our company. 
Limits on Ability of Stockholders to Elect Directors 
Our board of directors has the sole right to elect a director to fill a vacancy created by the expansion of the board of directors or the resignation, death or removal of a director, which prevents stockholders from being able to fill vacancies on our board of directors. In addition, our charter documents prohibit cumulative voting in the election of directors. 
Amendment of Provisions in the Certificate of Incorporation and Bylaws 
Our certificate of incorporation requires the affirmative vote of the holders of at least two-thirds of the voting power of our outstanding voting stock in order to amend or repeal certain provisions of our certificate of incorporation, including: 

		
	•
	The powers, preferences and rights of each class of common stock, including voting, dividend, liquidation and conversion rights; 

		
	•
	The requirement that stockholders provide advance notice of matters to be acted upon and nominations for the election of directors at a stockholders meeting; and 

		
	•
	The limits on the ability of stockholders to act by written consent or to call a special meeting. 

Our certificate of incorporation also requires the affirmative vote of the holders of at least two-thirds of the voting power of our outstanding voting stock in order to create an additional class or series of capital stock. 
Our bylaws require the affirmative vote of the holders of at least two-thirds of the voting power of our outstanding voting stock in order to amend certain provisions of our bylaws, including:
		
	•
	The limits on the ability of stockholders to act by written consent or to call a special meeting; 

		
	•
	The provision prohibiting cumulative voting for the election of directors; and

		
	•
	The requirement that stockholders provide advance notice of matters to be acted upon and nominations for the election of directors at a stockholders meeting.

Delaware Anti-Takeover Statute 
We are subject to the provisions of Section 203 of the DGCL regulating corporate takeovers. In general, Section 203 prohibits a publicly held Delaware corporation from engaging, under certain circumstances, in a business combination with an interested stockholder for a period of three years following the date the person became an interested stockholder unless: 
		
	•
	Prior to the date of the transaction, the board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder; 

		
	•
	Upon completion of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the voting stock outstanding, but not the outstanding voting stock owned by the interested stockholder, (1) shares owned by persons who are directors and also officers, and (2) shares owned by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or 

		
	•
	At or subsequent to the date of the transaction, the business combination is approved by the board of directors and by the stockholders at an annual or special meeting, and not by written consent, by the affirmative vote of at least 66  2/3% of the outstanding voting stock that is not owned by the interested stockholder. 

Generally, a business combination includes a merger, asset or stock sale, or other transaction with or resulting in a financial benefit to the interested stockholder. An interested stockholder is, in general, a person who, together with affiliates and associates, owns or owned, within three years prior to the determination of interested stockholder status, 15% or more of a corporation’s outstanding voting stock. 
We expect the existence of this provision to have an anti-takeover effect with respect to transactions our board of directors does not approve in advance. We also anticipate that Section 203 may also discourage attempts that could result in a premium over the market price for the shares of common stock held by stockholders. 
The provisions of Delaware law and our charter documents could have the effect of discouraging others from attempting hostile takeovers and, as a consequence, they may also inhibit temporary fluctuations in the market price of our common stock that often result from actual or rumored hostile takeover attempts. These provisions may also have the effect of preventing changes in our management. Moreover, it is possible that 

these provisions could make it more difficult to accomplish transactions that stockholders may otherwise deem to be in their best interests.
Listing 
Our Class A common stock is listed on the New York Stock Exchange under the symbol “DLB”.
Transfer Agent and Registrar 
The transfer agent and registrar for our common stock is Computershare Trust Company, N.A., located at P.O. Box 505000, Louisville, KY 40233-5000.Exhibit

Exhibit 10.1

SEVENTH AMENDMENT TO CREDIT AGREEMENT
SEVENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of November 19, 2019, by and among WEX INC., a Delaware corporation (the “Company”), WRIGHT EXPRESS INTERNATIONAL HOLDINGS LIMITED, as a Designated Borrower (as defined in the Existing Credit Agreement referred to below), WEX CARD HOLDINGS AUSTRALIA PTY LTD. (the “Specified Designated Borrower” and, together with the Company and the Designated Borrower, the “Amendment Loan Parties”), BANK OF AMERICA, N.A., as the Administrative Agent (as defined in the Existing Credit Agreement referred to below), Swing Line Lender (as defined in the Existing Credit Agreement referred to below) and L/C Issuer (as defined in the Existing Credit Agreement referred to below) and BELL BANK, a North Dakota banking corporation, as the incremental revolving loan lender (the “Incremental Revolving Lender”).
W I T N E S S E T H:
WHEREAS, the Company, the Designated Borrowers from time to time party thereto, the Specified Designated Borrower, the Lenders from time to time party thereto and the Administrative Agent are party to that certain Credit Agreement, dated as of July 1, 2016 (as amended as of July 3, 2017, October 30, 2017, January 17, 2018, August 24, 2018, January 18, 2019, February 27, 2019 and May 17, 2019 and as it may be further amended, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”);

WHEREAS, pursuant to Section 2.17 of the Existing Credit Agreement, the Company may obtain commitments to increase the Revolving Credit Commitments under any existing Revolving Credit Facility or establish one or more new revolving facilities (each, an “Incremental Revolving Credit Facility”) by, among other things, entering into an Amendment in accordance with the terms and conditions of the Existing Credit Agreement;
WHEREAS, the Company has notified the Administrative Agent that it is requesting an increase in Revolving Credit Commitments in the amount of $50,000,000 (the “Incremental Revolving Increase”) pursuant to Section 2.17(a) of the Credit Agreement and clause (III) of the definition of “Incremental Cap”;  
WHEREAS, the Incremental Revolving Lender has agreed, subject to the terms and conditions set forth herein and in the Existing Credit Agreement, to provide the full amount of the Incremental Revolving Commitment on the Seventh Amendment Effective Date to the Borrowers;
WHEREAS, the parties hereto wish to amend the Existing Credit Agreement on the terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the covenants and agreements contained herein, as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1.  Defined Terms. Capitalized terms used but not defined herein shall have the respective meanings assigned to such terms in the Existing Credit Agreement, as amended by this Amendment (the “Amended Credit Agreement”).

SECTION 2.      Amendments.
(a)      The following defined terms shall be added to Section 1.01 of the Existing Credit Agreement:
“Seventh Amendment” means that certain Seventh Amendment to the Credit Agreement, dated as of November 19, 2019, by and among the Borrowers, the Specified Designated Borrower, the Administrative Agent, the Swing Line Lender, the L/C Issuer and the Incremental Revolving Lender (as defined therein).
“Seventh Amendment Effective Date” has the meaning assigned to such term in the Seventh Amendment.
(b)      The definition of “Revolving Credit Commitment” is hereby amended by replacing the last sentence thereof with the following:
“The aggregate amount of the Revolving Credit Commitments as of the Seventh Amendment Effective Date is $820,000,000 and the Revolving Credit Commitment of each Revolving Credit Lender as of the Seventh Amendment Effective Date is set forth on Schedule I to the Seventh Amendment”
SECTION 3.      Revolving Commitment Increase.
(a)      Subject to the satisfaction or waiver of the conditions set forth in Section 5 hereof, on the Seventh Amendment Effective Date, (i) the Incremental Revolving Lender irrevocably (x) in its capacity as an Incremental Revolving Lender, consents to the terms of this Amendment and (y) commits to provide the entire Incremental Revolving Increase (the “Incremental Revolving Commitment”), (ii) the Incremental Revolving Commitment shall become effective and (iii) the Revolving Credit Commitments shall be deemed increased by an aggregate principal amount of $50,000,000.  Pursuant to Section 2.17 of the Amended Credit Agreement, the Incremental Revolving Commitment shall be a Revolving Credit Commitment for all purposes under the Amended Credit Agreement and each of the other Loan Documents and shall have terms identical to the existing Revolving Credit Facility under the Amended Credit Agreement immediately prior to the date hereof (but giving effect to any amendments hereunder).  This Amendment shall constitute notice to the Administrative Agent required under Section 2.17(a) of the Credit Agreement.
(b)      The Incremental Revolving Lender acknowledges and agrees that upon the Seventh Amendment Effective Date, the Incremental Revolving Lender shall be a “Lender” under, and for all purposes of the Amended Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder.  The Incremental Revolving Lender also acknowledges and agrees that it has (x) received a copy of the Existing Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Amendment and (y) independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Amendment.

2

(c)      The parties hereto agree that, after giving effect to this Amendment and the Incremental Revolving Commitment, the Revolving Credit Commitments of the Revolving Credit Lenders are as set forth on Schedule I hereto.  

SECTION 4.      Reallocation.  To the extent any Revolving Credit Loans are outstanding on the Seventh Amendment Effective Date, the reallocation of the Revolving Credit Lenders’ Revolving Credit Loans contemplated by Section 2.17(e) of the Amended Credit Agreement with respect to any increase in the Revolving Credit Commitments shall occur with respect to the Incremental Revolving Increase contemplated hereby on the Seventh Amendment Effective Date, and the Incremental Revolving Lender shall make a Revolving Credit Loan on the Seventh Amendment Effective Date as may be required to effectuate the reallocation.  
SECTION 5.      Conditions to Effectiveness and Funding.  The effectiveness of the amendments set forth in Sections 2, 3 and 4 hereof and the obligations of the Incremental Revolving Lender to make the Incremental Revolving Increase are subject to satisfaction of the following conditions precedent (the date of such satisfaction being the “Seventh Amendment Effective Date”):
(a)      (i) each of the Amendment Loan Parties shall have executed and delivered counterparts of this Amendment to the Administrative Agent, (ii) the Incremental Revolving Lender shall have executed and delivered a counterpart of this Amendment to the Administrative Agent, (iii) the Swing Line Lender and L/C Issuer shall have executed and delivered counterparts of this Amendment to the Administrative Agent, (iv) each Subsidiary Guarantor, except WEX Fleet Luxembourg S.a.r.l., shall have executed an acknowledgement and reaffirmation in the form attached hereto and (v) the Administrative Agent shall have executed a counterpart of this Amendment; 
(b)      the representations and warranties of the Amendment Loan Parties contained in Section 7 of this Amendment shall be true and correct on and as of the Seventh Amendment Effective Date; provided that to the extent that any representation and warranty specifically refers to an earlier date, it shall be true and correct as of such earlier date;
(c)      as of the last day of the most recently ended Test Period, on a Pro Forma Basis after giving effect to the incurrence of the Incremental Revolving Increase and all other appropriate pro forma adjustments (but (x) without netting any cash proceeds from such incurrence and (y) treating the Incremental Revolving Commitment as fully drawn), the Company would be in compliance with Section 7.11 of the Existing Credit Agreement and the Company shall have delivered to the Administrative Agent a certificate signed by a Responsible Officer thereof certifying that such condition has been satisfied (including appropriate calculations);
(d)      immediately prior to and immediately after the Seventh Amendment Effective Date, no Default or Event of Default shall have occurred and be continuing;
(e)      the Administrative Agent shall have received, on behalf of itself and each of the Lenders, a customary written opinion of Wilmer Cutler Pickering Hale and Dorr, LLP, in its capacity as counsel for the Amendment Loan Parties, dated as of the Seventh Amendment Effective Date and addressed to the Administrative Agent and the Incremental Revolving Lender;
(f)      the Administrative Agent shall have received a certificate of the Company signed by a Responsible Officer thereof:

3

(i)      certifying that no Default or Event of Default shall exist or would exist immediately prior to or after giving effect to this Amendment, including the establishment of the Incremental Revolving Commitment, and
(ii)      certifying that the condition set forth in Section 5(b) hereof has been satisfied;
(g)      the Administrative Agent shall have received a Solvency Certificate executed by the chief  financial officer of the Company dated as of the Seventh Amendment Effective Date and certifying as to the matters set forth therein after giving effect to this Amendment and the Incremental Revolving Increase; and
(h)      all expenses of the Administrative Agent required to be paid by the Company pursuant to the Existing Credit Agreement shall have been paid to the extent an invoice has been received at least three (3) Business Days prior to the Seventh Amendment Effective Date;

(i)      the Administrative Agent shall have received (i) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Amendment Loan Party and each Domestic Subsidiary Guarantor (as defined in the Existing Credit Agreement) as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and the Amended Credit Agreement and (ii) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Amendment Loan Party and each Domestic Subsidiary Guarantor is duly organized or formed, and that each Amendment Loan Party and each Domestic Subsidiary Guarantor is validly existing, in good standing in such entity’s jurisdiction of incorporation, organization or formation; and

(j)      
(x)    each Loan Party shall have provided the documentation and other information to the Administrative Agent that are required by regulatory authorities under applicable “know-your-customer” rules and regulations, including the USA PATRIOT Act, at least three (3) Business Days prior to the Seventh Amendment Effective Date to the extent such information has been requested at least ten (10) days prior to the Seventh Amendment Effective Date; and

(y)    At least five (5) days prior to the Seventh Amendment Effective Date, any Borrower that qualified as a “legal entity customer” under 31 C.F.R. § 1010.230 shall have delivered, to each Lender that so requests to the extent requested at least ten (10) days prior to the Seventh Amendment Effective Date, a certification regarding beneficial ownership required by 31 C.F.R. § 1010.230 in relation to such Borrower (the “Beneficial Ownership Certifications”).

SECTION 6.      Post-Closing Covenants.  
(a)      Within two Business Days (or such later date agreed by the Administrative Agent) of the Seventh Amendment Effective Date, WEX Europe Services Holdings Limited shall have executed and delivered to the Administrative Agent a deed of confirmation of that certain pledge agreement dated as of July 5, 2016, between WEX Europe Services Holdings Limited and the Administrative Agent; 

4

(b)      Within one Business Day (or such later date agreed by the Administrative Agent) of the Seventh Amendment Effective Date, the Administrative Agent shall have received (i) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of WEX Europe Services Holdings Limited (the “UK Pledgor”) evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and the Amended Credit Agreement, (ii) a certificate of incorporation from Companies House certifying that the UK Pledgor has been in continuous, unbroken existence since its incorporation and that no action is currently being taken to strike the company off the register, such certificate to be dated no earlier than ten (10) Business Days prior to the Seventh Amendment Effective Date (or such earlier date agreed by the Administrative Agent) and (iii) such documents and certificates as the Administrative Agent may reasonably require to evidence that the UK Pledgor is duly organized or formed, and that the UK Pledgor is validly existing, in good standing in such entity’s jurisdiction of incorporation, organization or formation; and
(c)      Within ten Business Days (or such later date agreed by the Administrative Agent) of the Seventh Amendment Effective Date, WEX Fleet Luxembourg S.a.r.l. shall have executed and delivered to the Administrative Agent an acknowledgement and reaffirmation in the form attached hereto.
It is understood and agreed that in connection with this Amendment, the Administrative Agent shall receive, on behalf of itself and each of the Lenders, a customary written opinion of (i) Jones Day, in its capacity as English counsel for the Administrative Agent and (ii) Jones Day, in its capacity as Italian counsel for the Administrative Agent, each addressed to the Administrative Agent and the Incremental Revolving Lender.
SECTION 7.      Representations and Warranties.  Each Amendment Loan Party hereby represents and warrants on and as of the Seventh Amendment Effective Date that:
(a)      the representations and warranties of the Borrowers contained in Article V of the Amended Credit Agreement and the representations and warranties of each Loan Party contained in each other Loan Document shall be true and correct on and as of the Seventh Amendment Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Existing Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Existing Credit Agreement;
(b)      this Amendment has been duly executed and delivered by each Amendment Loan Party and this Amendment, the Amended Credit Agreement and each other Loan Document constitute legal, valid and binding obligations of such Amendment Loan Party, enforceable against such Amendment Loan Party in accordance with their respective terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law);
(c)      the Guaranties do, and shall continue to, guarantee the Obligations (or Foreign Obligations, as applicable);
(d)      the Collateral Documents and all of the Collateral described therein do, and shall continue to, secure the payment of all of the Obligations (or Foreign Obligations, as applicable);

5

(e)      the information included in the Beneficial Ownership Certifications provided on or prior to the Seventh Amendment Effective Date is true and correct in all respects; and
(f)      the execution, delivery and performance by each Amendment Loan Party of this Amendment and the performance by each Amendment Loan Party of the Amended Credit Agreement have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Amendment Loan Party’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any Contractual Obligation to which such Amendment Loan Party is a party or affecting such Amendment Loan Party or the properties of such Amendment Loan Party or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Amendment Loan Party or its property is subject; or (c) violate any Law in any manner that is materially adverse to the Company and its Subsidiaries, except, in each case referred to (x) in clause (b)(i), or (y) to the extent relating to any order, injunction, writ or decree of any Governmental Authority not specifically relating to such Person or its property, in clause (b)(ii), to the extent that the same could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.
SECTION 8.      Effects on Loan Documents.
(a)      On and after the Seventh Amendment Effective Date, each reference in any Loan Document to “the Credit Agreement” shall mean and be a reference to the Amended Credit Agreement and each reference in the Existing Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import shall mean and be a reference to the Amended Credit Agreement.
(b)      Except as specifically amended herein, all Loan Documents (including the Guaranties and all Liens granted thereunder in respect of the Obligations) shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  Each Amendment Loan Party reaffirms its Guaranties and any prior grant and the validity of any Liens granted by it pursuant to the Collateral Documents, with all such Liens continuing to secure the applicable Obligations in full force and effect after giving effect to this Amendment.
(c)      The execution, delivery and effectiveness of this Amendment 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.  This Amendment and the Amended Credit Agreement shall not constitute a novation of the Existing Credit Agreement or the other Loan Documents.
(d)      The Company and the other parties hereto acknowledge and agree that, on and after the Seventh Amendment Effective Date, this Amendment shall constitute an Additional Credit Extension Amendment and a Loan Document for all purposes of the Amended Credit Agreement. This Amendment shall constitute notice to the Administrative Agent required under Section 2.17(a) of the Existing Credit Agreement with respect to the Incremental Revolving Increase.
 
SECTION 9.      GOVERNING LAW.  THIS AMENDMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

6

SECTION 10.      Miscellaneous.
(a)      This Amendment shall be binding upon and inure to the benefit of the Loan Parties and their respective successors and permitted assigns, and upon the Administrative Agent and the Lenders and their respective successors and permitted assigns.
(b)      To the extent permitted by applicable Law, any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
(c)      This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.
[Remainder of page intentionally left blank.]

7

IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver this Amendment as of the date first above written.
WEX INC. 
 
 
By:     /s/ Roberto Simon     
    Name: Roberto Simon 
    Title:   Chief Financial Officer
DESIGNATED BORROWER: 
 
WRIGHT EXPRESS INTERNATIONAL HOLDINGS LIMITED
By:     /s/ Roberto Simon Rabanal     
    Name: Roberto Simon Rabanal 
    Title:   Director
SPECIFIED DESIGNATED BORROWER: 
 
Executed in accordance with section 127 of the Corporations Act 2001 (Cth) by 
 
WEX CARD HOLDINGS AUSTRALIA PTY LTD
(ACN 123 181 635)

By:     /s/ Roberto Simon Rabanal     
    Name: Roberto Simon Rabanal 
    Title:   Director
By:     /s/ Hilary Ann Rapkin         
    Name:  Hilary Ann Rapkin 
    Title:    Director 

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

Each of the undersigned (i) acknowledges and agrees to the foregoing Seventh Amendment, (ii) reaffirms any Guaranties executed by it and reaffirms that such Guaranties do, and shall continue to, guarantee the Obligations; and (iii) reaffirms any prior grant and the validity of any Liens granted by it pursuant to the Collateral Documents, with all such Liens and Guaranties continuing in full force and effect after giving effect to the Seventh Amendment.
SUBSIDIARY GUARANTORS:
FLEETONE HOLDINGS, LLC
By:        /s/ Roberto Simon Rabanal     
    Name:    Roberto Simon Rabanal 
    Title:    Treasurer
TRANSPLATINUM SERVICE, LLC
By:        /s/ Roberto Simon Rabanal     
    Name:    Roberto Simon Rabanal 
    Title:    Treasurer
FLEETONE, L.L.C.
By:        /s/ Roberto Simon Rabanal     
    Name:    Roberto Simon Rabanal 
    Title:    Treasurer
WRIGHT EXPRESS HOLDINGS 2, LLC
By:    _/s/ Roberto Simon Rabanal___________     
    Name:    Roberto Simon Rabanal 
    Title:    Manager
WRIGHT EXPRESS HOLDINGS 3, LLC
By:    _/s/ Roberto Simon Rabanal_________________     
    Name:    Roberto Simon Rabanal 
    Title:    Manager

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

EB HOLDINGS CORP.
By:        /s/ Lynda Godkin     
    Name:    Lynda Godkin 
    Title:    Secretary
EB HOLDINGS II CORP.
By:    _/s/ Lynda Godkin_________________________     
    Name:    Lynda Godkin 
    Title:    Secretary
WEX HEALTH, INC.
By:    __/s/ Lynda Godkin________________________     
    Name:    Lynda Godkin 
    Title:    Secretary
ELECTRONIC FUNDS SOURCE LLC
By:    _/s/ Roberto Simon Rabanal__________________     
    Name:    Roberto Simon Rabanal 
    Title:    Treasurer
EFS PAYMENTS LLC
By:    _/s/ Roberto Simon Rabanal__________________     
    Name:    Roberto Simon Rabanal 
    Title:    Treasurer

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

OTR TOPCO LLC
By:    _/s/ Roberto Simon Rabanal__________________     
    Name:    Roberto Simon Rabanal 
    Title:    Treasurer
OTR HOLDINGS LLC
By:    _/s/ Roberto Simon Rabanal_________________    
    Name:    Roberto Simon Rabanal  
    Title:    Treasurer
TRUCKERS B2B, LLC
By:    _/s/ Roberto Simon Rabanal__________________     
    Name:    Roberto Simon Rabanal  
    Title:    Treasurer
OTR BLOCKER LLC
By:    _/s/ Roberto Simon Rabanal__________________     
    Name:    Roberto Simon Rabanal  
    Title:    Treasurer
TCH CANADA INC.
By:    _/s/ Roberto Simon Rabanal__________________     
    Name:    Roberto Simon Rabanal  
    Title:    Treasurer
WRIGHT EXPRESS FUELING SOLUTIONS, INC.
By:    _/s/ Hilary A. Rapkin_______________________     
    Name:    Hilary A. Rapkin 
    Title:    Secretary

WEX PAYMENTS INC.
By:    /s/ Jay Dearborn         
    Name:    Jay Dearborn 
    Title:    Director
PO HOLDING LLC

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

By:    /s/ Roberto Simon Rabanal         
    Name:    Roberto Simon Rabanal  
    Title:    Treasurer
DISCOVERY BENEFITS, LLC
By:   PO Holding LLC, as Managing Member
By:    /s/ Roberto Simon Rabanal         
    Name:    Roberto Simon Rabanal  
    Title:    Treasurer
WEX FLEET US LLC
By:  WEX Inc., as Sole Member
By:    /s/ Roberto Simon          
    Name:    Roberto Simon 
    Title:    Chief Financial Officer

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

Executed in accordance with section 127 of the Corporations Act 2001 by
WEX AUSTRALIA HOLDINGS PTY LTD
(ACN 145 445 361)
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
By:    /s/ Hilary A. Rapkin    
Name: Hilary A. Rapkin
Title:      Director
Executed in accordance with section 127 of the Corporations Act 2001 by
WEX CARD HOLDINGS AUSTRALIA PTY LTD (ACN 123 181 635)
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
By:    /s/ Hilary A. Rapkin    
Name: Hilary A. Rapkin
Title:      Director
Executed in accordance with section 127 of the Corporations Act 2001 by
WEX AUSTRALIA PTY LTD
(ACN 005 970 570)
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
By:    /s/ Hilary A. Rapkin    
Name: Hilary A. Rapkin
Title:      Director

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

Executed in accordance with section 127 of the Corporations Act 2001 by
WEX FUEL CARDS AUSTRALIA LTD
(ACN 008 962 132)
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
By:    /s/ Hilary A. Rapkin    
Name: Hilary A. Rapkin
Title:      Director
WEX EUROPE SERVICES BVBA
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
WRIGHT EXPRESS HOLDINGS 4 LP
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
WEX EUROPE SERVICES LTD
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
WEX EUROPE SERVICES HOLDINGS LIMITED
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
WEX EUROPE SERVICES (UK) LTD
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

Title:      Director
RETAIL PETROLEUM SERVICES LIMITED
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
WEX EUROPE SERVICES SAS
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
WEX EUROPE SERVICES GMBH
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
WEX EUROPE SERVICES S.A.R.L.
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Manager
WEX EUROPE SERVICES B.V.
By:    /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
WEX EUROPE SERVICES AS
By:    /s/ Hilary A. Rapkin    
Name: Hilary A. Rapkin
Title:      Director
WEX EUROPE HOLDINGS LIMITED
By:    /s/ Hilary Ann Rapkin    
Name:  Hilary Ann Rapkin
Title:    Director
WEX EUROPE LIMITED

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

By:    /s/ Roberto Simon Rabanal    
Name:  Roberto Simon Rabanal
Title:    Director
WEX EUROPE SOLUTIONS LIMITED
By:    /s/ Roberto Simon Rabanal    
Name:  Roberto Simon Rabanal
Title:    Director
WEX EUROPE UK LIMITED
By:    /s/ Anant Ramanbhai Patel    
Name:  Anant Ramanbhai Patel
Title:    Director
WEX FLEET NETHERLANDS, B.V.
By:    /s/ Hilary Ann Rapkin    
Name:  Hilary Ann Rapkin
Title:    Director

WEX FLEET BELGIUM BVBA
By:    /s/ Hilary Ann Rapkin    
Name:  Hilary Ann Rapkin
Title:    Director

WEX FLEET FRANCE SAS
By:    /s/ Hilary Ann Rapkin    
Name:  Hilary Ann Rapkin
Title:    Director

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

WEX EUROPE FLEET SERVICES LIMITED
By:     /s/ Roberto Simon Rabanal    
Name: Roberto Simon Rabanal 
Title:      Director
By:    /s/ Hilary A. Rapkin    
Name:  Hilary A. Rapkin
Title:    Director

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

BANK OF AMERICA, N.A., 
as Administrative Agent
	
		
	By:

	 
	/s/ Angela Larkin

	 
	Name:   Angela Larkin

	 
	Title:   Vice President

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

BANK OF AMERICA, N.A., 
as Swing Line Lender and L/C Issuer
	
		
	By:

	 
	/s/ Robert C. Megan

	 
	Name:   Robert C. Megan

	 
	Title:   Senior Vice President

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

BELL BANK, 
as the Incremental Revolving Lender
	
		
	By:

	 
	/s/ Hailey Margetta

	 
	Name:   Hailey Margetta

	 
	Title:   Vice President

[Signature Page to Seventh Amendment to Credit Agreement (WEX)]

Schedule I
Revolving Credit Commitment

	
		
	Revolving Credit Lender
	Revolving Credit Commitment

	Bank of America, N.A.
	$125,000,000

	Santander Bank, N.A.
	$100,000,000

	Citizens Bank, N.A.
	$87,500,000

	MUFG Union Bank, N.A.
	$75,000,000

	SunTrust Bank
	$75,000,000

	Wells Fargo Bank, N.A.
	$75,000,000

	Bell Bank
	$50,000,000

	BMO Harris Financing Inc.
	$50,000,000

	Deutsche Bank AG New York Branch
	$50,000,000

	JPMorgan Chase Bank, N.A.
	$50,000,000

	KeyBank National Association
	$35,000,000

	Regions Bank
	$25,000,000

	Fifth Third Bank
	$17,500,000

	Webster Bank, N.A.
	$5,000,000

	Total:
	$820,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00302-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00302-of-00352.parquet"}]]