SEC Contract Filing

Filing Date: 2016-08-03

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>d235684dex103.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>EXECUTION COPY </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND
AMENDMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS SECOND AMENDMENT (this &#147;<U>Amendment</U>&#148;) is made as of August&nbsp;2, 2016 by and among Avago Technologies
Cayman Holdings Ltd., an exempted company incorporated with limited liability under the laws of the Cayman Islands (&#147;<U>Holdings</U>&#148;), Avago Technologies Cayman Finance Limited, an exempted company incorporated with limited liability
under the laws of the Cayman Islands (the &#147;<U>Cayman Borrower</U>&#148;), BC Luxembourg S.&agrave; r.l., a Luxembourg private limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I>), having its
registered office at 3A, Sentier de l&#146;Esperance, L-1474 Luxembourg, Grand-Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under registration number B 201613 and with a share capital of US $20,000 (the
&#147;<U>Luxco Borrower</U>&#148; and, together with the Cayman Borrower, the &#147;<U>Borrowers</U>&#148;), Bank of America, N.A., as administrative agent (in such capacity, the &#147;<U>Administrative Agent</U>&#148;) and collateral agent, and the
financial institutions listed on the signature pages hereof with respect to the Existing Credit Agreement (as defined below). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the
Credit Agreement as modified by this Amendment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, Holdings, the Borrowers, the lenders party thereto from time to time and the
Administrative Agent and collateral agent are party to that certain Credit Agreement, dated as of February&nbsp;1, 2016 (the &#147;<U>Original Credit Agreement</U>&#148;; the Original Credit Agreement as amended pursuant to that certain First
Incremental Term A Facility Amendment, dated as of April&nbsp;29, 2016, that certain Second Incremental Term A Facility Amendment, dated as of August&nbsp;2, 2016, and that certain First Amendment, dated as of August&nbsp;2, 2016, hereinafter
referred to as the &#147;<U>Existing Credit Agreement</U>&#148;; and the Existing Credit Agreement as amended pursuant to this Amendment hereinafter referred to as the &#147;<U>Credit Agreement</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrowers have requested that the Lenders party hereto agree to make certain amendments to the Existing Credit Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, Section&nbsp;9.02(b) of the Existing Credit Agreement provides than certain waivers, amendments or modifications of the Existing
Credit Agreement may be effected by an agreement or agreements in writing entered into by Holdings, the Borrower Parties, the Administrative Agent and the Required Lenders; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, because the provisions set forth Sections 1(c) and (d)&nbsp;affect the rights and duties of all Lenders holding Loans or Commitments
and will be operative immediately upon the Amendment Effective Date (as defined below), the consent of Required Lenders is required to effect the amendments set forth in Sections 1(c) and (d)&nbsp;below; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, Section&nbsp;9.02(b) of the Existing Credit Agreement further provides that any waiver, amendment or modification of the Existing
Credit Agreement that by its terms affects the rights or duties under the Existing Credit Agreement of Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding Loans or Commitments of any other Class) may be effected
by an agreement or agreements in writing entered into by Holdings, the Borrower Parties and the requisite percentage in interest of the affected Class of Lenders that would be required to consent thereto under Section&nbsp;9.02 of the Existing
Credit Agreement if such Class of Lenders were the only Class of Lenders party to the Existing Credit Agreement at the time of such waiver, amendment or modification; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, because the provisions set forth in Exhibit A attached to this Amendment shall only be operative upon the repayment in full of the
Term B Loans, the parties hereto have determined that the amendments set forth in Sections 1(a) and (b)&nbsp;below only affect the rights and duties of Lenders holding Loans or Commitments under the Revolving Credit Facility and Term A Facility and
therefore only the consent of the Revolving Lenders and the Term A Lenders is required to effect the amendments set forth in Sections 1(a) and (b)&nbsp;below; and </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Lenders party hereto and listed on the signature pages hereof have agreed to such
amendments on the terms and c