SEC Contract Filing

Filing Date: 2025-06-27

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>d56801dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FOURTH AMENDED AND RESTATED GUARANTY AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">This FOURTH AMENDED AND RESTATED GUARANTY AGREEMENT, dated as of June 25, 2025 (this &#147;<U>Guaranty Agreement</U>&#148;), is made by and
among the Parent Borrower (as defined below), each of the undersigned Subsidiary Loan Parties, any Subsidiary Loan Party hereafter added as a Guarantor (as defined below) and the Agent (as defined below). Capitalized terms used herein but not
otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement (as defined below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, DARLING
INGREDIENTS INC., a Delaware corporation (the &#147;<U>Parent</U> <U>Borrower</U>&#148;), has entered into that certain Second Amended and Restated Credit Agreement, dated as of January 6, 2014 (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time prior to the date hereof, the &#147;<U>Existing Credit Agreement</U>&#148;), among the Parent Borrower, the other Borrowers party thereto, the lenders from time to time party thereto and JPMORGAN
CHASE BANK, N.A., as the administrative agent, and in connection therewith, the Parent Borrower and certain of the Parent Borrower&#146;s Subsidiaries, from time to time prior to the date hereof, entered into that certain Third Amended and Restated
Guaranty Agreement, dated as of September 18, 2020 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the &#147;<U>Existing Guaranty Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Parent Borrower and the other applicable parties thereto have agreed to amend and restate the Existing Credit Agreement pursuant
to that certain Third Amended and Restated Credit Agreement, dated as of the date hereof (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the &#147;<U>Credit Agreement</U>&#148;), among the Parent
Borrower, the other Borrowers party thereto, the lenders from time to time party thereto (the &#147;<U>Lenders</U>&#148;) and JPMORGAN CHASE BANK, N.A., as the administrative agent (the &#147;<U>Agent</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, in connection with the Credit Agreement, the Parent Borrower, the Agent and the Subsidiary Loan Parties party hereto have agreed to
amend and restate the Existing Guaranty Agreement as set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, for valuable consideration, the receipt and
adequacy of which are hereby acknowledged, (x)&nbsp;each of the Parent Borrower and the undersigned Subsidiary Loan Parties (together with any Subsidiary Loan Party hereafter added as a &#147;Guarantor&#148; pursuant to a Subsidiary Joinder
Agreement, each a &#147;<U>Guarantor</U>&#148; and, collectively, the &#147;<U>Guarantors</U>&#148;) hereby irrevocably and unconditionally guarantees to the Secured Parties (the &#147;<U>Guaranteed Secured Parties</U>&#148;) the full and prompt
payment and performance of the Guaranteed Indebtedness (as defined below) and (y)&nbsp;each party hereto hereby agrees to amend and restate the Existing Guaranty Agreement as set forth herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. As used in this Guaranty Agreement, the following terms have the following meanings: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;<U>Adjusted Maximum Amount</U>&#148; means, with respect to a Contributing Guarantor as of any date of determination, the maximum
aggregate amount of the obligations of such Contributing Guarantor under this Guaranty Agreement determined in accordance with the provisions hereof; <U>provided</U> that, solely for purposes of calculating the &#147;Adjusted Maximum Amount&#148;
with respect to any Contributing Guarantor for purposes of <U>Section</U><U></U><U>&nbsp;2</U>, the assets or liabilities arising by virtue of any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of
such Contributing Guarantor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;<U>Aggregate Payments</U>&#148; means, with respect to a Contributing Guarantor as of any date of
determination, the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty Agreement (including, without limitation, in respect of
<U>Section</U><U></U><U>&nbsp;2</U>). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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