SEC Contract Filing

Filing Date: 2020-07-28

Document Content:
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<TYPE>EX-10.7
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<DESCRIPTION>EXHIBIT 10.7
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<DIV><FONT size="1" style="font-size:1pt;color:white"> Exhibit 10.7 CERTAIN INFORMATION IDENTIFIED BY BRACKETED ASTERISKS ([* * *]) HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 29 April 2020 THE ENTITIES LISTED IN Error! Reference source not found. OF Error! Reference source not found. as Initial Sellers, Initial Servicers and Initial Depositors ZEBRA TECHNOLOGIES CORPORATION as Centralising Agent and Parent Company ESTER FINANCE TITRISATION as Purchaser and Deposit Beneficiary CREDIT AGRICOLE CORPORATE &amp; INVESTMENT BANK as Programme Manager and Arranger CREDIT AGRICOLE LEASING &amp; FACTORING as Programme Agent MASTER FRAMEWORK AGREEMENT Herbert Smith Freehills Paris LLP 1 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> TABLE OF CONTENTS Clause Headings Page 1. DEFINITIONS AND CONSTRUCTION .......................................................................... 2 2. PURPOSE .................................................................................................................... 24 3. COMMON TERMS ....................................................................................................... 24 4. PERIODS AND COMMITMENTS ................................................................................. 24 5. PURCHASE LIMITS AND PERIMETER ...................................................................... 25 6. PURCHASE PROCEDURE .......................................................................................... 26 7. PURCHASE PRICE ...................................................................................................... 31 8. REASSIGNMENT ......................................................................................................... 33 9. REPURCHASE OF ASSIGNED RECEIVABLES ......................................................... 36 10. SERVICING MANDATE AND DUTIES ........................................................................ 36 11. APPOINTMENT AND DUTIES OF THE CENTRALISING AGENT ............................. 40 12. MANAGEMENT OF COLLECTIONS AND OTHER PAYMENTS ................................ 41 13. DEEMED COLLECTIONS ............................................................................................ 45 14. CASH DEPOSIT ........................................................................................................... 45 15. AUDIT OF DATA AND MONITORING OF THE SERVICING MANDATES BY THE PURCHASER ....................................................................................................... 46 16. REPRESENTATIONS, COVENANTS AND INDEMNITY ............................................ 47 17. TAXES .......................................................................................................................... 53 18. CHANGE IN CIRCUMSTANCES ................................................................................. 54 19. CONSEQUENCES OF THE OCCURRENCE OF A STOP PURCHASE EVENT ...................................................................................................................................... 55 20. PAYMENTS MECHANICS ........................................................................................... 55 21. PROGRAMME AGENT AND PROGRAMME MANAGER ........................................... 56 22. ACCESSION OF ADDITIONAL SELLERS AND WITHDRAWALS .............................. 57 23. CHANGE TO THE PARTIES ........................................................................................ 59 24. CONFIDENTIALITY ...................................................................................................... 59 25. NOTICES ...................................................................................................................... 60 26. AMENDMENTS TO THE TRANSACTION DOCUMENTS ........................................... 60 27. MISCELLANEOUS PROVISIONS ................................................................................ 61 28. GOVERNING LAW AND JURISDICTION .................................................................... 65 SCHEDULE 1 LIST OF SELLERS, SERVICERS, DEPOSITORS AND COLLECTION ACCOUNTS ...................................................... ERROR! BOOKMARK NOT DEFINED. SCHEDULE 2 CALCULATION OF THE PURCHASE PRICEERROR! BOOKMARK NOT DEFINED. SCHEDULE 3 CALCULATION OF THE REQUIRED SUPPORT AMOUNT MONTH M BY RELEVANT CURRENCY ................................. ERROR! BOOKMARK NOT DEFINED. SCHEDULE 4 NOTICES DETAILS ...................................... ERROR! BOOKMARK NOT DEFINED. SCHEDULE 5 FORM OF ACCESSION LETTER TO THE MASTER FRAMEWORK AGREEMENT ................................................... ERROR! BOOKMARK NOT DEFINED. SCHEDULE 6 LIST OF EXCLUDED DEBTORS .................. ERROR! BOOKMARK NOT DEFINED. SCHEDULE 7 DEBTOR COUNTRY LIMIT .......................... ERROR! BOOKMARK NOT DEFINED. 1 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> THIS MASTER FRAMEWORK AGREEMENT is made and delivered as